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

-1)%2//)34*%./%5.3',6%7.+4)84*%.+%9:4$;%7.##'4#)+4;%,+<%=>6'?,4'.+%

%

@$%

%

A1'66'B%C.D6%E:3)66,%

%

!%<'**)"4,4'.+%*:>#'44)<%'+%B,"4',6%*,4'*/,34'.+%./%41)%")F:'")#)+4*%/."%41)%<)?"))%./%

9.34."%./%A1'6.*.B1$%

'+%

5.3'.6.?$%

'+%41)%

G",<:,4)%9'('*'.+%

./%41)%

H+'()"*'4$%./%7,6'/."+',;%@)"I)6)$%

%

%

7.##'44))%'+%31,"?)0%

%

A"./)**."%J,"4K+%5L+31)MNO,+I.P*I';%71,'"%

A"./)**."%@,""')%-1."+)%

A"./)**."%J,"',++)%E)"#)%

%

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

!"#$%&'$( Z! !"#$%&'$()* * #$"%!&"%%'()*)"+,!"%!&'&"-*)'&!)+!)$'!.+/',!",!/0!1*/"20!.$+%'!2"3'%!*,&!('2*)"+,%$"4%!$*3'! 5'',!)+6-$'&!50!.*(7!869*,,':!;+,,"':!<")*:!=*,*:!>2"9*5')$:!*,&!?*,*@!! *

! ! "! *

+&,-"*(.*/()'")'0*

A$*4)'(!B,'! ! C,)(+&6-)"+,! ! ! ! ! ! ! ! D!

A$*4)'(!#.+! =6)0:!A+//")/',):!*,&!B52"E*)"+,7!F+.!G(/0!H"3'%!! ! DI! #$",J!G5+6)!)$'"(!K*(("*E'%! ! A$*4)'(!#$(''!! G(/0!H"3'%L!#$",J",E!",!)$'!A+,)'M)!+1!F"%)+("-*2!*,&!! ! NI! C,%)")6)"+,*2!A$*,E'! ! A$*4)'(!O+6(! ! 8+-"*2!A+,)'M)%!*,&!)$'!#$+6E$)%!+1!G(/0!H"3'%! ! ! II!

A$*4)'(!O"3'! ! #$",J",E!G5+6)!='42+0/',)! ! ! ! ! ! DPD!

A$*4)'(!8"M! ! 8$"1)%!",!#$",J",E!=6(",E!<'6,"+,%!! ! ! ! ! DND!

A$*4)'(!8'3',!! 8$"1)%!",!#$",J",E!=6(",E!<'&'42+0/',)!! ! ! ! DII!

A$*4)'(!>"E$)! ! A+,-26%"+,! ! ! ! ! ! ! ! DQR!

;"52"+E(*4$0! ! ! ! ! ! ! ! DSS!

G44',&"-'%! ! ! ! ! ! ! ! DTR!

!

! ! ""! !

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`*"%'0:!a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

! ! """! (+2'!+1!*,+)$'(!1("',&!*,&!-+22'*E6':!b('EE+(!K*))%+,@!H")$+6)!$"%!',-+6(*E'/',)!C!.+62&! $*3'!,+)!(')6(,'&!)+!E(*&6*)'!%-$++2:!*,&!.")$+6)!$"%!*/*9",E!,').+(J!+1!1("',&%!*,&!1*/"20:!C! .+62&!,'3'(!$*3'!/*&'!")!)+!/0!('%'*(-$!%")'@!B)$'(!E(*&6*)'!%)6&',)%!*%%+-"*)'&!.")$!)$'! A',)'(!1+(!X(5*,!>)$,+E(*4$0!*,&!")%!.''J20!.(")",E!E(+64!.'('!',+(/+6%20!$'24162@!#$*,J! 0+6:!c*)"'!K*(J'(:!8"23"*![*%^6'))":!=*((',!K+&9'2'.%J":!A$("%)+4$'(!F'((",E:!a'"2!b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c*%%*:!C%**-!K*()",:!?'%%'!>22"+)):!>("-!K*)$"%:! ?'%%'!<+%%!c,6)%+,:!*,&!a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d!#$*)L%!*!5++J!C!.+62&!&'1",")'20!.*,)!)+!('*&@]!H")$! )$'!4(+/"%'!+1!eIP:PPP!4+)',)"*2!('*&'(%:!.$+!.+62&!,+)!5'!',-+6(*E'&!)+!1","%$!.(")",Ed! C!.+62&!2"J'!)+!*-J,+.2'&E'!4*()"-62*(!."3'%:!O*/"20!<'*&",'%%!b(+64!2'*&'(%:![652"-! G11*"(%!B11"-'(%:!*,&!',)"('!*(/0!*3"*)"+,!6,")%!1+(!)$'"(!*%%"%)*,-'!*,&!$+%4")*2")0@! X,1+()6,*)'20:!E"3',!)$'!-+,&")"+,%!+1!-+,1"&',)"*2")0!4(+/"%'&!50!/0!('%'*(-$!4(+)+-+2:!C! -*,,+)@!a''&2'%%!)+!%*0!C!*/!",&'5)'&!)+!)$'/!*,&!$+4'!'3'(0&*0!1+(!)$'"(!%*1')0@!! ! !

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�*4!0*!&'(83!,'!#$:0*=!&#'0(!#.3D$*-3!0*!-$*='(I!!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 1!XA!Y>$/4380&#!",.(&'-!V'Z!&($-0&0,*$>!D$>>$-B!/,>>'/&'-!0*!1OPO!D9![$>%#!\$.=#$*!]0>>0$83!<(,8!V(3I!^>>'*! _,7'>>B!]'3&#,%'!*'$(!]',D>'9B!N'('<,(-3#0('B!$*-!%.D>03#'-!0*!#03!$*-!AI`I!`>,9-a3!_'*=.0*!Y,,4!,03#!J,>4! S,*=3I!_'(<,(8'-!D9!S#0(>'9!",>>0*3!,*!N'(,'3!0*!`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b,&!':'(9,*'!80=#&!$=(''!&#$&!3'(:0*=!0*!&#'!80>0&$(9!03!$*!'M$8%>'!,&(.038!,(!<$/0*=!-$*='(!,*!D'#$>>'-!-,!<''>!&#$&!80>0&$(9!%'(3,**'>!$*-!&#'0(!<$80>0'3!X#$:'!#$-!&,! 8$4'!$!>,&!,'33B!,0&$(9! 3'(:0/'!03!%'(<,(8'-!,*!&#'!D'#$>,3'3&!&,!3,>-0'(3!-,!,(!-,!*,&! 3''!7#$&!&#'9!-,!0*!&'(83!,'-!('>$&0,*3#0%!0*!&#'!/,*&'M&! ,$%%0*=!0*3&0&.&0,*3!&#$&!#$:'!.*-'(=,*'!30=*0<0/$*&!&($*3<,(8$&0,*3!0*!&#'!>$3&!<0<&9! 9'$(3!f!&#'!80>0&$(9!$*-!8$((0$='I!"#$*='3!0*!&#'3'!3%'/0<0/!0*3&0&.&0,*3!%.(%,(&'->9!('<>'/&! 8,('!='*'($>!3#0<&3!0*!3,/0$>!:$>.'3!&,7$(-3!0*-0:0-.$>!0*&'('3&!FY'>>$#B!'&!$>I!1OcQGI!2#'!'*-!,>H\,>.*&''(!J,(/'!D'=0**0*=!0*!1OgL!8'$*!&#$&!70:'3! 8.3&!$>3,!8$4'!3'*3'!,>9!&#'0(!#.3D$*-3?!/#,0/'!&,!D'!0*!#$(8?3!7$9I!2#'! -0:,(/'!(':,>.&0,*!$*-!&#'!=(,70*=!%(':$>'*/'!,&'(*$&0:'!#,.3'#,>-3!30*/'!&#'!1OgP3!$>3,! 8'$*!&#$&!70:'3!8.3&!8$4'!3'*3'!,>9!$*-! #$D0&.$>>9!0*!#$(8?3!7$9I!Y,&#!,,,3'*'-!&#'!/,8%.>3,(9!D,*-3!&#$&! ,*/'!#'>-!&#'0(!8'8D'(3!&,!&#'8I!+*!!D(,$-'(!3,/0$>!/,*&'M&B!#,7!70>>!70:'3!8$4'!3'*3'!,&0'3!,'!&'>>!.3!3,8'�*=!$D,.&!#,7!'0&#'(!*'7!<$80>9!$(($*='8'*&3!,(!&#'! :,>.*&''(!$(89!70>>!#,>-!.%!&,!3&('33!0*!$!3,/0$>!'($!,038!FY'>>$#B!'&!$>I! 1OcQG@!!! ! 2#0(-B!#,7!$(89!70:'3!8$4'!3'*3'!,>!&'>>!.3!3,8'�*=!$D,.&!80>0&$(9! 8$((0$='B!7#0/#!03!$*!0*&'('3&0*=!3,/0$>!%#'*,8'*,*!0*!$*-!,$%%0*=! 3%$/'!,0&$(9B!&#'!*.8D'(!,0&$(9!8$((0$='3!#$3! 'M%>,-'-!0*!&#'!>$3&!<0<&9!9'$(3I!S,>-0'(3B!7#,!7'('!,*/'!8,3&>9!.*8$((0'-!9,.*=!8'*B!$('!*,7! D,&#!8'*!$*-!7,8'*!$*-!,<&'*!8$((0'-I!2#(,.=#,.&!#03&,(9B!&#'!3'>'/&0,*!,3!3,8'�*=!,.'3!&#$&!3,/0'&9!$330=*3!&,!-0<<'('*&!3&$&.3'3! F]'D'(!1OgcGI!S#0<&0*=!<(,8!<0=#&0*=!7$(3!70&#!8,3&>9!.*8$((0'-!8'*!&,!8$((0'-!8'*!$*-! 7,8'*!0*-0/$&'3!$!3#0<&!0*!8,('!&#$*!C.3&!&#'!,(=$*0E$&0,*!,>!D'!D'&&'(! .*-'(3&,,-!D9!>03&'*0*=!&,!&#,3'!/>,3'3&!&,!0&I!J.(&#'(8,('B!&#'!'M%$*30,*!0*!80>0&$(9!8$((0$='3! #$3!8,3&>9!/,8'!0*!&#'!>,7'3&!<,.(!($*43!,03&'-!3,>-0'(3I!2#03!=(,.%!%('3'*&'-!0*&'('3&0*=! 3,/0,>,=0/$>!5.'3&0,*3!':'*!D'<,('!&#'!D'=0**0*=!,':'>!,-0'(3!('/'0:'!03!*,&!-'30=*'-!&,!3.%%,(&!<$80>0'3B!$*-!9'&B!&#'0(!($&'!,0$*!/,.*&'(%$(&3!FS'=$>!h!S'=$>!;PPW6LQGI!`,*=!D'<,('!&#'!,.&D('$4!,,=03&3!7,*-'('-!#,7!&#'!80>0&$(9!7,.>-!-'$>!70&#!&#'!D.(-'*3!%>$/'-!,*!&#'3'! <$80>0'3!D9!&#'!-0<<0/.>&0'3!,0&$(9!>0<'!FS'=$>!h!S'=$>!;PPW6LTHLgGI!]#0>'!!3&.-9!-,'3!*,&! 3'%$($&'>9!$*$>9E'!#,7!70:'3!,03&'-!8'*!8$4'!3'*3'!,>!3,/0$>!5.'3&0,*3!($03'-!D9!&#'!'8'(='*/'!,-0'(I!! ! Y'<,('!%('3'*&0*=!&#'!8'&#,-!D9!7#0/#!!3&.-9!0*:'3&0=$&'-!#,7!/,*&'8%,($(9!$(89! 70:'3!�*4!$D,.&!#$:0*=!$!>,:'-!,*'!0*!#$(8?3!7$9B!!/#$%&'(!0*&(,-./'3!3,8'!,('$-9!4*,7!$D,.&!80>0&$(9!8$((0$='3!$*-!&#'!-0>'88$3!&#$&!70:'3!,-0'(3!<$/'!0*!&#'! /.(('*&!7$(I! ! 1#''0#2&(#*-(%"&(1030%#'4(-.'0*2(%"&(53,6#3(7#'(,*(8&'','(

A3!8'*&0,*'-!$D,:'B!0*!&#'!i*0&'-!S&$&'3!-.(0*=!&#'!1OgP3!D,&#!8$((0$='!$*-!&#'! 80>0&$(9!$3!0*3&0&.&0,*3!'M%'(0'*/'-!%(,<,.*-!/#$*='3I!2#'!80>0&$(9!'*-'-!&#'!.3'!,>!:,>.*&''(!<,(/'!FA\JGI!2#'!/$>>!&,!-.&9!7$3!$*37'('-!D9! $!38$>>'(!=(,.%!,'/&'-!/0&0E'*3!7#,!70>>0*=>9!/#,3'!&,!3'(:'I!+*!&#'!3$8'!-'/$-'B!&#'!

"#$%&'(!)*'! +*&(,-./&0,*! ;! ! %'(8$*'*/9!,'=$>0E'-!$*-!*,H<$.>&! -0:,(/'I!A>&'(*$&0:'3!&,!8$((0$='B!>04'!/,#$D0&$&0,*B!D'=$*!&,!('%>$/'!0&!$3!&#'!'M/>.30:'!=$&'7$9! &,!$-.>&!('>$&0,*3#0%3I!A<&'(!&#'!1OgP3B!/,.%>'3!7'('!>'33!>04'>9!&,!8$((9!,(!3&$9!8$((0'-B!$*-!0!/#,0/'I!2#'3'!/#$*='3! /,(('3%,*-'-!70&#!7#$&!7$3!,D3'(:'-!&,!D'!$!D(,$-'(!3#0<&!0*!3,/0$>!:$>.'3!<(,8!$!3'*3'!,>'/&0:'!,D>0=$&0,*!&,!$*!0*-0:0-.$>!('3%,*30D0>0&9!<,(!%'(3,*$>!'M%('330,*!$*-!<.><0>>8'*&! FY'>>$#B!'&!$>I!1OcQB!`$3/#!1OgOGI! )*'!('%'(/.330,*!,0&$(9!3'(:0/'!<,(!8$*9!3,>-0'(3! 7,.>-!*,!>,*='(!D'!$!D(0'0<'!/,.(3'!-':'>,%8'*&3!7,.>-!D'!%.&!,*! #,>-I!+*/('$30*=!*.8D'(3!,03&'-!3,>-0'(3!3$7!&#'!80>0&$(9!$3!$!/$(''(!-.(0*=!7#0/#! &#'9!7,.>-!$>3,!#$:'!$!<$80>9IW!]#'('!8$((0$='!$*-!&#'!80>0&$(9!80=#&!,*/'!#$:'!D''*!3''*!$3! $*&0&#'&0/$>B!%$(&0/.>$(>9!<,(!'*>03&'-!3,>-0'(3BQ!8$((0$='!0*!&#'!80>0&$(9!D'/$8'!8,('! /,88,*%>$/'!':'*!/,8%$('-!&,!&#'!/0:0>0$*!7,(>-I!J,(!0*3&$*/'B!0*!1Ogg!,*>9!11d!,03&'-! 3,>-0'(3!'*&'(0*=!&#'!A(89!7'('!8$((0'-B!/,8%$('-!&,!LWd!,-!/0:0>0$*! /,.*&'(%$(&3I!!Y9!;PPOB!1cd!,03&'-!3,>-0'(3!'*&'(0*=!&#'!A(89!7'('!8$((0'-B!/,8%$('-!&,! 11d!,0$*!1cH;W!9'$(H,>-!/0:0>0$*!%''(3!F)<<0/'!,!$*-!['$-0*'33!;P116!U!OGI!+*!;PPOB!Qcd!,>!3,>-0'(3!7'('!8$((0'-B!/,8%$('-!&,! QQd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d!,>!$(89!3,>-0'(3!7'('!8$((0'-I!+*!;PPgB!TLd!7'('!8$((0'-I!V,3&!,03&'-!3,>-0'(36!&#'!%'(/'*&$='!,03&'-!3,>-0'(3!/>08D'-!<(,8!LPd!0*!1OQ;!&,!TPd!0*!;PPgI!2#'!%'(/'*&$='!,0*'-!3>0=#&>9!<(,8!gOd!0*!1OQ;!&,!ggd!0*!;PPgI!+*&'('3&0*=>9B!&#'!%'(/'*&$='!,9!1OgP3!$*-!&#'*!-'/>0*'-B!%'(#$%3!('<>'/&0*=!&#'!'<<'/&3!,.&0,*!,//.((0*=!0*!&#'!70-'(!3,/0'&9I!2#'!-'/>0*'!80=#&!$>3,!('<>'/&!$!3#0<&!&,7$(-!0*-0:0-.$>0E'-!8$((0$='B!70&#! 9,.*='(!,<<0/'(3!7$0&0*=!&,!8$((9!.*&0>!&#'9!#$:'!'3&$D>03#'-!&#'0(!/$(''(3!D9!$&&$0*0*=!&#'!($*4!,!$*-!S,/0$>!S/0'*/'3!;PPgGI! Q!2#'!$*&0&#'303!,0&$(9!7$3!&($-0&0,*$>>9!/$%&.('-!0*!&#'!3$90*=!X+-!#$:'!033.'-!9,.!,*'IZ! T! [$&0,3!,03&'-6!J,(/'!",8%,30&0,*B!U'$!$*-!],.*-'-!0*!A/&0,*! ! ! )%'($&0,*!^*-.(0*=!J(''-,8! )%'($&0,*!+($50!J(''-,8! ! FA<=#$*03&$*!;PP1H;P1PG! F+($5!;PPL!f!;P1PG! )<<0/'(36!^*>03&'-! U'$! ],.*-'-! U'$! ],.*-'-! [$&0,! 16Q! 16T! 1611! 16c! 161Q! F]$3#0*=&,*!N'$-5.$(&'(3!S'(:0/'B!U0('/&,($&'!<,(!+*<,(8$&0,*!)%'($&0,*3!$*-!['%,(&3B!V0>0&$(9!_'(3,**'>! S&$&03&0/3!F[$*4eR($-'GG!F`'>$*-!h!)D,(,/'*'$.!;P1PG! "#$%&'(!)*'! +*&(,-./&0,*! L! ! 7'!<$>>!0*!>,:'!70&#B!-,!/#,,3'!&#'0(!#.3D$*-3B!%$(&0/.>$(>9!$<&'(!&#'!1OgP3!0*!&#'!i*0&'-!S&$&'3I! 2#03!'>'8'*&!,0&$(9!3'(:0/'!<,(83!&#'!D$303!,'88$!0*!$!80>0&$(9!8$((0$='!$<&'(!1OgL6!#,7!&,!C.3&0<9!3.%%,(&0*=!$!>,:'-!,*'!7#,!#$3! :,>.*&''('-!<,(!$*!,//.%$&0,*!&#$&!/,.>-!%.&!&#'8!0*!#$(8?3!7$9Ig!2#03!3&.-9!70>>!3#,7!#,7! /,*&'8%,($(9!80>0&$(9!70:'3!('3%,*-!&,!!-0>'88$I! 2#'!-0>'88$!70:'3!<$/'!03!3#$%'-!*,&!C.3&!D9!/#$*='3!0*!&#'!80>0&$(9!$*-!8$((0$='!D.&! $>3,!D9!/#$*='3!0*!&#'!40*-!,-0'(H#.3D$*-3!$('!<0=#&0*=I!A<&'(!&#'!370&/#!&,!$*! A\JB!&#'!'*-!,-!]$(!3$7!$!('H,(=$*0E$&0,*!,>'(!<,(/'!3&$&0,*'-!0*! <'7'(B!>$(='(B!$*-!8,('!03,>$&'-!8'=$HD$3'3I!A3!%$(&!,.&0,*!0*!80>0&$(9!$<<$0(3!F[VAG! &#'3'!('<,(83!$>3,!3,.=#&!&,!-'/('$3'!&#'!*.8D'(!,-0'(3!7#0>'!'*#$*/0*=!/$%0&$>H!$*-! &'/#*,>,=9H0*&'*30:'!7'$%,*3!393&'83I!2#'!:030,*!7$3!&,!/('$&'!$!80>0&$(9!&#$&!/,.>-!D'! -'%>,9'-!70&#!('>$&0:'>9!<'7!3,>-0'(3!$*-!<'7'(!/$3.$>&0'3!&,!&#'!A8'(0/$*!30-'I!S./#!$!7$(! /,.>-!D'!<,.=#&!$=$0*3&!&#'!,%%,30&0,*3!,(B!$&!>'$3&B!70&#,.&!&#'!$/&0:'!3.%%,(&!,0/! Fj'**'-9!;PPQGI! !!! 2#'!R>,D$>!]$(!,*!2'((,(!&#$&!D'=$*!0*!;PP1!7$3!*,&!&#'!7$(!&#'![VA!#$-!$*&0/0%$&'-I! +*!,(-'(!&,!,//.%9!&7,!/,.*&(0'3B!$!8,('!3.D3&$*&0$>!<,(/'!7$3!*''-'-I!+*!$--0&0,*!&,!8.>&0%>'! ('-'%>,98'*&3!,:'!&,!<0<&''*!8,*!<,(!('=.>$(!A(89!3,>-0'(3B!b$&0,*$>!R.$(-!.*0&3!$('! -'%>,90*=!&,!,:'(3'$3!/,8D$&!0*!.*%('/'-'*&'-!*.8D'(3I!i*>04'!\0'&*$8B!.*0&3!(,&$&'!0*!$*-! ,.&!,!R.$(-!.*0&3!,<&'*!D(0*=!0*!,.&30-'!3,>-0'(3!&,!8$4'!.%! &#'0(!<.>>!/,#,(&B!$*-!('=.>$(!A(89!3,>-0'(3!3&0>>!/#$*='!.*0&3!':'(9!&#(''!&,!<,.(!9'$(3I! 2#'!-$*='(3!&#$&!3,>-0'(3!<$/'!0*!!7$(!$('!.*05.'I!U,0*=!&#'!7,(4!,-0*=! $*-!/,.*&'(H&'((,(038B!3,>-0'(3!'*=$='!0*!$3988'&(0/$>!/,8D$&!0*!$!7$(!70&#,.&!$!X<(,*&IZ!A3! 9,.!70>>!#'$(!<(,8!0*&'(:0'7''3B!&#'!>':'>!,'*/'!03!>'33!&#$*!8$*9!70:'3!'M%'/&'-I! N,7':'(B!0&!03!-0<<.3'I!+*3.(='*&3!$8D.3#!%$&(,>3B!$&&$/4!/,*:,93!70&#!08%(,:03'-!'M%>,30:'! -':0/'3!F+^U3GB!$*-!>$.*/#!8,(&$(3!0*&,!D$3'3!70&#!3''80*=>9!($*-,8!<('5.'*/9I!R0:'*!&#'! *$&.('!,'*/'B!&#'!40*-3!$*-!%(,%,(&0,*3!,3,!.*05.'I! Y'/$.3'!,'!($&&>'ZG!$*-!D$&&>'<0'>-!8'-0/0*'B!&#'!:0,>'*/'!#$3! ('3.>&'-!0*!&#'!38$>>'3&!($&0,!,0&0'3!0*!A8'(0/$*!80>0&$(9!#03&,(9B!$3!7'>>!$3! &#'!>$(='3&!($&0,!,

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! g!S,8'!8$((0'-!8'*!7'('!-($<&'-!&,!<0=#&!0*!%(':0,.3!7$(3!FY.(='33!h!`,/4'!1OQLB!Y'/4'(!h!N0>>!1OWcB!N0>>!1OWOGI! 2#'!70:'3!,-0'(3!-0-!*,&!3#$('!&#'!3$8'!-0>'88$!$3!70:'3!,.*&''(3I!2#'0(!70:'3!/,.>-!C.3&0<9! 3.%%,(&0*=!&#'8!$3!>,:'-!,*'3!&$4'*!<(,8!&#'8!D9!&#'!*$&0,*I!2#'9!-0-!*,&!#$:'!&,!$--('33!&#'!'>'8'*&!,!/#,0/'!0*!$!-'/030,*!&,!D'!0*!#$(8?3!7$9I!b,(!7'('!8$((0'-!3,>-0'(3!':'(!3./#!$!>$(='!%(,%,(&0,*!,,7'(!($*43I!2#'('!7$3B!#,7':'(B!$*!0*&'('3&0*=!%#'*,8'*,*!,-!7$(3!FY.(='33!$*-!`,/4'!1OQLB!Y,33$(-!0*!Y'/4'(!!h!N0>>!1OWcGI!! c!! ",8%$(03,*!,0/&3! ! [$&0,!U'$e],.*-'-! [$&0,!A8%.&$&0,*3eU'$! )%'($&0,*!+($50!J(''-,8! 16g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

+*!,(-'(!&,!.*-'(3&$*-!#,7!$(89!70:'3!8$4'!3'*3'!,'88$3!%('3'*&'-!D9! 80>0&$(9!8$((0$='!-.(0*=!!%$(&0/.>$(!&08'B!!3&.-9!<,/.3'3!,*!&7,!�*=36!&#'!7$9!$(89! 70:'3!&$>4!$D,.&!#,7!&#'9!8$4'!3'*3'!,,:'-!,*'!0*!#$(8?3!7$9!$*-!&#'!/,*&'M&3!0*! 3%$/'!$*-!&08'!0*!7#0/#!&#'9!8$-'!&#'3'!C.3&0<0/$&0,*3I!2#'!3&.-9!%(,%,3'3!&#$&!&#'3'!-0<<'('*&! /,*&'M&3B!($&#'(!&#$*!0*-0:0-.$>!%'(3,*$>0&9!&($0&3!,(!70-'3%('$-!3#0<&3!0*!/.>&.($>!:$>.'3B!'M%>$0*! #,7!$(89!70:'3!�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gOB!V0>>3!1OWPB!Sk*/#'EHl$*4,7340!;PPcB!S/,&&!h! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! j,('$! 16L! 16;Q! ],(>-!]$(!++! 16;! 16QW! ],(>-!]$(!+! 16;! 16WQ! F`'>$*-!h!)D,(,/,*'$.!;P1PG! O!2#'!0*/0-'*/'!,$D>'!<(,8!'0&#'(!&#'!U'%$(&8'*&!,! ['3'$(/#!S'(:0/'!F%'(3,*$>!/,(('3%,*-'*/'!70&#!A**'!`'>$*-!;P11eLeWGI!N,7':'(B!$//,(-0*=!&,!$*!.*3%'/0<0'-! U'%$(&8'*&!,9!LBPPP!80>0&$(9!3%,.3'3!#$:'!D''*!70-,7'-!-.(0*=!&#'!=>,D$>!7$(!,*! &'((,(Z!FY'(='(!;P11GI!R0:'*!&#$&!TBPTL!iS!3'(:0/'!8'8D'(3!7'('!40>>'-!0*!A<=#$*03&$*!$*-!+($5!D'&7''*!;PP1H ;P11!F#&&%6ee777I-'<'*3'I=,:e*'73e/$3.$>&9I%--!8'$*!&#$&!WOd!,&0'3!7'('! 3.(:0:'-!D9!70-,73I!! 11!2#03!03!$!7$(*0*=!&,!('$-'(3!'M%'/&0*=!$!3&.-9!,*!#,7!$(89!70:'3!/,%'!,(!8$*$='!&#'0(!30&.$&0,*I!]#0>'!7$93! &#'9!�*4!$*-B!0*!%$(&0/.>$(B!/#$*='!&#'0(!�*40*=!,:'(!&#'!/,.(3'!,0&$(9!&08'!/9/>'!$*-!$/(,33!-0<<'('*&! /,88.*0&0'3!$('!%$(&!,04'>9!#'>%!4''%!8$((0$='3!$>0:'B!!3&.-9!-0-!*,&!-0('/&>9! ,D3'(:'(!&#'!%($/&0/'3!D9!7#0/#!$(89!70:'3!8$*$='!#$:'!$!>,:'-!,*'!0*!#$(8?3!7$9I!!! "#$%&'(!)*'! +*&(,-./&0,*! Q! ! `98$*!1OTcB!S70->'(!;PP1B!\$03'9!;PPOGI!!]#'('!-0<<'('*/'3!0*!�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�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

1&%",-;(,<('&;&#'/"(

2#(,.=#!0*H-'%&#!0*&'(:0'73B!&#'!3&.-9!=$&#'(3!-$&$!,*!#,7!$(89!70:'3!8$4'!3'*3'!,$&0,*3#0%3!0*!$!&08'!,'/&0,*!,$(!3$8%>'!,

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 1;!S,/0,>,=03&3!,<&'*!3%'$4!,9!,*!0*!89!('3'$(/#B!+!>'$(*'-!&#$&!0*!&#'!80>0&$(9! /,*&'M&!X('/(.0&8'*&Z!#$3!$!:'(9!3%'/0<0/!8'$*0*=B!398D,>0/$>>9!%(0:0>'='-!&,!0*-0/$&'!#,7!3,>-0'(3!/,8'!&,!D'!0*! 3'(:0/'!&,!&#'0(!*$&0,*I!A3!,*'!_.D>0/!A<<$0(3!)<<0/'(!7$(*'-!8'B!Xm,.!-,*?&!n('/(.0&?!70:'3!<,(!9,.(!3&.-9I!2#'!A(89! "#$%&'(!)*'! +*&(,-./&0,*! T! ! 0*&'(:0'70*=B!%$(&0/0%$*&!,D3'(:$&0,*!$*-!/,*&'*&!$*$>9303!7'('!$>3,!.3'-!&,!=$&#'(! 3.%%>'8'*&$(9!-$&$I!!

./012+'.+2+3*#)$'

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n('/(.0&3?!70:'3!&,!-,!$*9�*=!'0&#'(I!]0:'3!$('!/0:0>0$*3I!2#'9!$('!n$34'-!&,!:,>.*&''(I?!S,>-0'(3!$('! n('/(.0&'-?Z!o<0'>-!*,&'3!;PPceLe;1pI! 1L!+!('<'(!&,!3,>-0'(3!7#,!$('!<.>>H&08'!$/&0:'!-.&9!3'(:0/'!8'8D'(3!$3!D'>,*=0*=!&,!&#'!X('=.>$(!A(89IZ!2#03!03!&#'! /,88,*!7$9!&#$&!70:'3!&#'83'>:'3!('<'(('-!&,!3,>-0'(3!*,&!0*!&#'!b$&0,*$>!R.$(-I!R0:'*!&#$&!*$&0,*$>!=.$(-!.*0&3! $('!D'/,80*=!8,('!$*-!8,('!0*&'=($&'-!0*&,!&#'!b'7![,&$&0,*$>!A(89!F3''!/#$%&'(!gGB!*$&0,*$>!=.$(-!&(,,%3!$('! *,&!3,!.1H('=.>$(B!D.&!<,(!/>$(0&9?3!3$4'!$*-!&,!'M%('33!&#'!-03&0*/&0,*!&#$&!70:'3!&#'83'>:'3!8$4'B!+!70>>!.3'!&#'! &'(8!X('=.>$(!$(89Z!&,!('<'(!&,!&#,3'!3,>-0'(3!*,&!0*!&#'!b$&0,*$>!R.$(-I! 1W!A(89!$:0$&0,*!.3.$>>9!/,*303&3!,0/,%&'(3B!&#,.=#!&#'('!$('!$!<'7!<0M'-!70*=!.*0&3I! 1Q!A(89!A0(!"('73!03!$!7'D30&'!X-'-0/$&'-!&,!&#'!3,>-0'(3!$*-!<$80>0'3!,&08$&'!%(0/'!<,(!<(''-,8Z!o#&&%6ee777I$(89$0(/('73I/,8epI!+&!03!&#'!>$D,(!,,:'!,9!/,8%0>'3!&#'!-'&$0>3!,

+*!,(-'(!&,!<0*-!3%,.3'3!0*!89!&$(='&!3$8%>'!$*-!0*:0&'!&#'8!&,!%$(&0/0%$&'B!+!<0(3&! 0-'*&0<0'-!$*-!>,/$&'-!/,8D$&!$:0$&0,*!D$&&$>0,*3!0*!&#'!('=.>$(!A(89!$*-!&#'!b$&0,*$>!R.$(-! .30*=!%.D>0/>9!$//'330D>'!0*<,(8$&0,*!<(,8!&#'!0*&'(*'&I!J,(!b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i*0:'(30&9!,0<,(*0$!$&!Y'(4'>'9B!#,7':'(B!%(,:'-!&,!D'!$!>0$D0>0&9B!=0:'*!0&3!('%.&$&0,*!$3!$! /'*&'(!<,(!$*&0H7$(!$/&0:038I1T!",88$*-'(3!$*-!J[SA?3!7'('!$33.('-!&#$&!&#'!(0=,(,.3!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 1T!]#0>'!+!7$3!3%'*-0*=!30M!8,*!>0:0*=!0*!&#'!/,88.*0&9!$(,.*-!J,(&!l$/43,*B!Y'(4'>'9!$*&0H7$(!%(,&'3&3B! %$(&0/.>$(>9!&$(='&0*=!$!iISI!V$(0*'!",(%3!('/(.0&8'*&!,<<0/'B!7'('!0*!&#'!*$&0,*$>!*'73I!)*!$*,&#'(!,//$30,*!0*!$! -0<<'('*&!3&$&'!7#'*!+!8'&!$!/,.%>'!$&!$!7'>/,8'!#,8'!/'('8,*9B!&#'!3,>-0'(!$34'-!8'B!XY'(4'>'9@!+3*?&!&#$&! 7#'('!<>90*=!&#'!A8'(0/$*!<>$=!03!0>>'=$>@Z!f!$!5.'3&0,*!3,8'7#$&!D$3'-!,*!&#'!<$/&!&#$&!-.(0*=!$*!$*&0H7$(!%(,&'3&B! &#'!/0&9!<0('!/#0'$=3!('8,:'-!<(,8!<0('!&(./43!&,!3&,%!&#'8!<(,8!D'0*=!&$(='&3!-.(0*=!%,330D>'! $>&'(/$&0,*3!70&#!%(,&'3&,(3!FV$9!$*-!`''B!;PP1GI!! "#$%&'(!)*'! +*&(,-./&0,*! c! ! 3&$*-$(-3!,'9!$3!$!%('80'('!('3'$(/#!.*0:'(30&9!7,.>-! $>3,!D'!$%%>0'-!&,!!%(,C'/&I!! ! +!'*/,.*&'('-!<$(!8,('!-0<<0/.>&0'3!70&#!=$&'H4''%'(3!0*!&#'!('=.>$(!$(89!/,*&'M&!&#$*! &#'!*$&0,*$>!=.$(-!/,*&'M&I!)*/'!+!=,&!&#(,.=#!&#,3'!D$((0'(3B!#,7':'(B!$*-!89!0*:0&$&0,*!7$3! -03&(0D.&'-!&,!3%,.3'3!:0$!&#'!J[R?3B!+!&'*-'-!&,!('/'0:'!8,('!('3%,*3'3I!]0&#!&#'!b$&0,*$>! R.$(-B!,*!&#'!,&#'(!#$*-B!&#'!_A)?3!7'('!='*'($>>9!:'(9!('3%,*30:'!$*-!#'>%<.>I1g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d!,$(!$(89!3,>-0'(3!7#,!%$(&0/0%$&'-!7'('!('/(.0&'-!&#(,.=#!('<'(($>3I!!! A!38$>>!*.8D'(!,'33!&#$*!<0:'B!7'('!$%%(,$/#'-!-0('/&>9!$&!:$(0,.3! ':'*&3!&#$&!+!$&&'*-'-!0*!%'(3,*!,*!,(!*'$(!80>0&$(9!0*3&$>>$&0,*3!,(!$&!*$&0,*$>!=.$(-!<.*/&0,*3I!! 2#'!<0(3&!%0>,&!0*&'(:0'7!7$3!/,*-./&'-!0*!b,:'8D'(!;PPgI!2#'!>$3&!0*&'(:0'7!,-!0*!A.=.3&!;P1PI!+*!&#'!&08'!%'(0,-B!&#'!<,/.3!,

2#'!<0*$>!3$8%>'!0*/>.-'-!QL!3%,.3'3!,-0'(3!7#,!#$-!-'%>,9'-!$&! >'$3&!,*/'!&,!+($5!,(!A<=#$*03&$*!30*/'!;PP1!F3''!2$D>'!16!S$8%>'!U'8,=($%#0/3GI!)$(!$(89!3,>-0'(3K!WLd!&,!*$&0,*$>!=.$(-!3,>-0'(3I!)*>9!,*'!7$3!$! #.3D$*-I1O!J,(&9H30M!%'(/'*&!,!3$8%>'!7'('!70:'3!,03&'-!3,>-0'(3K!;Pd!7'('!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 1g!b$&0,*$>!R.$(-3!&#$&!+!/,*&$/&'-!-0('/&>9!$&!&#'!3&$&'!>':'>!7'('!='*'($>>9!:'(9!('/'%&0:'!&,!&#'!%(,C'/&I!i&$#!7$3! &#'!'M/'%&0,*I!A!D$&&$>0,*!/,88$*-'(!0*!i&$#!('<.3'-!%'(80330,*!<,(!&#'!0*:0&$&0,*!&,!D'!-03&(0D.&'-!$*-! /,*&$/&'-!&#'!b$&0,*$>!R.$(-!Y.('$.!$&!&#'!<'-'($>!>':'>!0*!]$3#0*=&,*B!UI"I!2#'!l.-='3!A-:,/$&'!R'*'($>!FlARG! ,<<0/'!,!R.$(-!&#'*!0*<,(8'-!8'!&#$&!89!%(,C'/&!/,.>-!0*!*,!7$9!D'!3.%%,(&'-!D9!&#'!J[SA?3!,(!J[R! >'$-'(3I!]0&#!3,8'!/>$(0<0/$&0,*3B!*$8'>9!&#$&!+!7,.>-!*':'(!0*&'(:0'7!$*9!.*0<,(8'-!3'(:0/'!8'8D'(!$*-!&#$&!89! ('3'$(/#!7$3!3&(0/&>9!>080&'-!&,!/0:0>0$*3!F$(89!3%,.3'3!7#,!$('!*,&!$>3,!3,>-0'(3GB!&#'!lAR!/,*3'*&'-!&,!89!%(,C'/&I! A&!&#$&!%,0*&B!&#'!b$&0,*$>!R.$(-!Y.('$.!7'*&!3,!<$(!$3!&,!-03&(0D.&'!&#'!0*:0&$&0,*!&,!&#'!_A)?3!0*!':'(9!3&$&'!$*-! &'((0&,(9I!2#03B!#,7':'(B!('3.>&'-!0*!,*>9!&7,!$--0&0,*$>!%$(&0/0%$*&3I!! 1c!Y(0'<>9B!('=.>$(!$(89!70:'3!$%%'$('-!'$='(!&,!3%'$4!70&#!8'!D'/$.3'B!$3!,*'!&,>-!8'B!X/0:0>0$*3!*''-!&,!#'$(!,.(! 3&,(9IZ!b$&0,*$>!=.$(-!70:'3!3''8'-!('>$&0:'>9!('>./&$*&!&,!0*&'(:0'7!D'/$.3'B!$3!&#'!<,>>,70*=!/#$%&'(3! -'8,*3&($&'B!&#'9!$>('$-9!3%'*-!$!>,&!,$0*0*=!&#'0(!30&.$&0,*!&,!/0:0>0$*3!f!7#,!$('!&#'! 8$C,(0&9!,'!&#'9!'*/,.*&'(!0*!&#'0(!>0:'3I!! 1O!A3!3&$&'-!$D,:'B!&#'!0*0&0$>!0*&'*&!7$3!&,!0*&'(:0'7!3%,.3'3B!7#'&#'(!#.3D$*-3!,(!70:'3B!,-0'(3I!J0*-0*=! #.3D$*-3!7$3!:'(9!-0<<0/.>&I!],8'*!8$4'!.%!,*>9!1;d!,,7'(!($&'3! ,-0'(3!Fj$(*'9!h!"(,7*!;PPgGI!",*3'5.'*&>9B!&#'!3&.-9!70>>! ('<'(!&,!%$(&0/0%$*&3!$3!70:'3I!!

! "#$%&'(!)*'! +*&(,-./&0,*! O! ! 8$((0'-!&,!7$(($*&!,<<0/'(3K!$*-!LLd!7'('!8$((0'-!&,!,<<0/'(3I!)*!$:'($='B!&#'!%$(&0/0%$*&3!#$-! D''*!8$((0'-!3':'*!9'$(3I!J,(&9H&#(''!%'(/'*&!,'6!S$8%>'!U'8,=($%#0/3! ! ['=.>$(! b$&0,*$>! ]$(($*&! m'$(3! N,.3'! A='! A(89! R.$(-! ^*>03&'-! )<<0/'(! )<<0/'(! V$((0'-! 70<'! b.8D'(! ! L1! ;L! ;Q! 11! 1c! ! ;L! V'$*! LW! Qgd! WLd! WTd! ;Pd! LLd! g! WLd! ! ! +*!$--0&0,*!&,!&#'3'!<0<&9H&#(''!%$(&0/0%$*&3B!&7'*&9!,&#'(!7,8'*!7'('!0*&'(:0'7'-!$3! %0>,&!,(!3.%%>'8'*&$(9!0*&'(:0'73I!2#'3'!0*/>.-'-!$!70<'!,'K!$!70<'!,-0'(3!0*!&#'!0*<$*&(9B!$(&0>>'(9B!$*-!#,3%0&$>!/,(%3K! $*-!$!70<'!,

+*!,(-'(!&,!>'$(*!$D,.&!#,7!70:'3!�*4!$D,.&!&#'0(!('>$&0,*3#0%!&,!$!>,:'-!,*'!0*!#$(8?3!7$9B!+! $34'-!$!3'(0'3!,0/0&!7#$&!3./#!$!('>$&0,*3#0%!'*&$0>'-!$*-!#,7!70:'3! 8$-'!3'*3'!,'(!;PP1GB!+!-0-!$34!>$&'(!%$(&0/0%$*&3!$D,.&!&#'0(! ('$/&0,*3!&,!�*=3!%(':0,.3!%$(&0/0%$*&3!#$-!3$0-I!2#'9!7'('!,<&'*!$//,.*&3!,$(! 0*3&$*/'3!,(!/,88,*!'M%('330,*3!&#$&!+!#$-!#'$(-!0*!('3%,*3'3!$/(,33!-0<<'('*&!0*&'(:0'73I! Y'/$.3'!+!0*/>.-'-!5.'3&0,*3!$D,.&!-$&$!/,>>'/&'-!<(,8!%(':0,.3!0*&'(:0'73B!&#'!3/#'-.>'!,'!oS''!A%%'*-0M!+p!7$3!-'30=*'-!0*!$!D,&&>'H3#$%'!('>$&0:'!&,!&#'! 0*&'*30&9!$*-!-0<<0/.>&9!,-!D'=0*!70&#!('>$&0:'>9!'$39! 5.'3&0,*3!$D,.&!70:'3?!/#0>-#,,-3!$*-!&#'0(!/,.(&3#0%!$*-!':'*&.$>!8$((0$='I!V,('!-0<<0/.>&! 5.'3&0,*3B!<0(3&!$D,.&!&#'0(!'M%'(0'*/'!70&#!0*C.(0'3!$*-!<$&$>0&0'3!,0&9!,'I!S,8'!,04'!&#'!<,>>,70*=6! ! A3!$!/,.%>'B!-0-!9,.!8$4'!%>$*3!<,(!&#'!%,330D0>0&9!,0&9@!! ! N,7!-,!9,.!�*4!9,.(!('>$&0,*3#0%!#$3!D''*!$<<'/&'-!D9!!%,330D0>0&9@!! ! 2#'!%,330D0>0&9!,0&9!03!$!%$(&!,-0'(I!]#$&!-,'3!0&!8'$*! &,!9,.!&#$&!9,.!$('!8$((0'-!&,!3,8',*'!7#,!<$/'3!&#$&!%,330D0>0&9@! ! 2#(,.=#!('3%,*3'3!&,!5.'3&0,*3!$D,.&!&#'!0*&'(:0'7!'M%'(0'*/'!0&3'>&!5.'3&0,*3I!A3!,*'!$(89!70<'!3$0-!,

"#$%&'(!)*'! +*&(,-./&0,*! 1P! ! ! q!+!C.3&!3%'*&!&#$&!>$3&!#,.(!$*-!$!#$>40*=!$D,.&!7#$&!+!3%'*-!8,3&!7$40*=! #,.(3!,>9!'*-'-!70&#!$!3'&!,'B!'$39!&,!$*37'(!-'8,=($%#0/!5.'3&0,*3I!! 2#'!0*&'(:0'7!$--('33'-!&#'!<,>>,70*=!&,%0/36! ! • <$80>9!D$/4=(,.*-K! • #,7!&#'9!/$8'!&,!D'!$!80>0&$(9!70<'K! • 7#$&!D'0*=!$!80>0&$(9!70<'!'*&$0>3!0*!&'(83!,>'*='3B!('7$(-3B!/,*&'3&'-!%(0,(0&0'3K! • ('/,>>'/&0,*3!,0&$(9! 0*3&0&.&0,*3!$*-!/0:0>0$*!7,(>-!('3%,*-'-K! • &08'3!&#'9!7'('!8,3&!$<($0-!<,(!&#'0(!3%,.3'?3!3$<'&9!$*-!7#,!&#'9!&.(*'-!&,!<,(! 3.%%,(&B!7#,!&#'9!$:,0-'-K! • #,7!(0343!#$:'!$<<'/&'-!<$80>9!-'/030,*3!>04'!(''*>03&8'*&!$*-!#$:0*=!/#0>-('*K! • 7#$&!&#'!-'$&#!,-!8'$*!&,!&#'8K! • &08'3!&#'9!7'('!8,3&!$<($0-!<,(!&#'!3.(:0:$>!,$&0,*3#0%!&,!D'K! • 7#$&!40*-!,>9!0*&'*-!&,!3&.-9!-0<<'('*&!/,*&'M&3!0*! &08'I!",*3'5.'*&>9B!&#'('!$('!*,!3%'/0<0/!5.'3&0,*3!$D,.&!-'%>,98'*&B!('.*0,*B!$*-! ('-'%>,98'*&I![$&#'(!-$&$!<,(!&#'3'!&08'!%'(0,-3!/$8'!3'('*-0%0&,.3>9!<(,8!('3%,*3'3!&,! ,%'*H'*-'-!5.'3&0,*3!$D,.&!7#'*!&#'9!7'('!8,3&!$<($0-!<,(!&#'0(!#.3D$*-?3!3$<'&9B!7#'*!&#'9! 7'('!8,3&!7,((0'-!$D,.&!&#'!3.(:0:$>!,03&8'*&I!! `$3&>9B!&#'!8$C,(0&9!,!3$8%>'B!7'('!/,*-./&'-!,:'(!&#'! &'>'%#,*'!,(!0*&'(*'&!S49%'I!)*'!('$3,*!<,(!!7$3!&#$&!%$(&0/0%$*&3!('3%,*-'-!<(,8!80>0&$(9! 0*3&$>>$&0,*3!$*-!3&$&'!*$&0,*$>!=.$(-3!$>>!,:'(!&#'!/,.*&(9I!2#'!1Qd!&#$&!7'('!/,*-./&'-!0*H %'(3,*!7'('!8,3&>9!$&!J,(&!l$/43,*I!2#'('!7$3!*,!*,&0/'$D>'!-0<<'('*/'!0*!&#'!/,*&'*&!,$(='(!*.8D'(!,!$*-!&,! /(9!,:'(H&#'H%#,*'I!2#'!$:'($='!0*&'(:0'7!&,,4!1Pc!80*.&'3I!! ! =)$>1/6*#3#1/$*'?@-+69/*#)$'/$A'()$*+$*'4$/2B-#-'

+*!$--0&0,*!&,!&#'!0*&'(:0'73B!+!>0:'-!<,(!<,.(!8,*!*'$(!J,(&!l$/43,*B!$!>$(='B!('8,&'! 0*3&$>>$&0,*!7#'('!+!$&&'*-'-!/#.(/#!=(,.%3!<,(!80>0&$(9!3%,.3'3B!7,(4'-!$3!$!3.D3&0&.&'!&'$/#'(! 0*!&#'!/,88.*0&9!3/#,,>3B!>0:'-!$3!$!D,$(-'(!70&#!&7,!$(89!<$80>0'3B!7'*&!&,!3#,%%0*=!8$>>3B! 8,:0'3B!$*-!D$(3!7#'('!70:'3!=$&#'('-B!$&&'*-'-!3%,(&0*=!':'*&3!$*-!,<<0/0$>!/'('8,*0'3B!$*-! &,,4!%#,&,=($%#3I!+!$>3,!$&&'*-'-!$!*.8D'(!,!R.$(-!':'*&3!0*!&7,!3'%$($&'!3&$&'36! <$('7'>>!$*-!7'>/,8'!#,8'!/'('8,*0'3B!<$80>9!D(0'<0*=3!0*!%('%$($&0,*!<,(!('.*0,*3B!$!3&$&'H 70-'!b$&0,*$>!R.$(-!$33,/0$&0,*!/,*<'('*/'B!$*-!3,/0$>!':'*&3I!+!$>3,!/,>>'/&'-!$*-!/,-'-!,:'(!

"#$%&'(!)*'! +*&(,-./&0,*! 11! ! ,*'!-,E'*!3'>%B!=.0-'!D,,43!7(0&&'*!D9!$*-!<,(!80>0&$(9!3%,.3'3I!+!/,88.*0/$&'-!70&#!$! *.8D'(!,!*'&7,(40*=!30&'3!'3&$D>03#'-!D9!*$&0,*$>!=.$(-!.*0&3I!+!$>3,!8'&!70&#! $!*.8D'(!,$(!$(89!$*-!*$&0,*$>!=.$(-!<$80>0'3I!!

5,#3;(#*-()=&'=0&>(

Y9!'M$80*0*=!#,7!-0<<'('*&!/,*&'M&3!0*!3%$/'!$*-!&08'!('>$&'!&,!&#'!7$93!&#$&!$(89! 70:'3!8$4'!3'*3'!,,:'-!,*'!0*!#$(8?3!7$9B!!-033'(&$&0,*!%(,:0-'3!0*30=#&!0*&,! &#'!<,>>,70*=!$('$3!,$&0,*3#0%!D'&7''*!7,(4!$*-!$*-!&#'!'<<'/&3!,0'3I!!

./36#7#3+'#$'/$'+6/')7'#$A#9#A

+*!$!3,/0$>!7,(>-!&('*-0*=!&,7$(-!0*-0:0-.$>0E$&0,*!FY'>>$#B!'&!$>I!1OcQG!3%'/0<0/$>>9!70�*! &#'!3%#'('3!,0&$(9!7#'('!:$>.'3!,0E'-!,//.%$&0,*!$*-!3'>,%8'*&!#$:'!%.(%,(&'->9!/,8'!&,!&#'!<,('!FV,34,3!1OcOB!"#'(>0*!;PPOGB!$(89!70:'3!3&0>>! #$:'!&,!/,*<(,*&!>,30*=!&#'0(!>,:'-!,*'!0*!3'(:0/'!&,!&#'0(!*$&0,*I!!i*-'(!&#'!>,=0/!,!-'*0'3B!':'*!-'3&(,93B!&#'0(!,7*!0*&'('3&3!<,(!&#'!=('$&'(!=,,-K!D.&!.*-'(!&#'! =(,70*=!0*<>.'*/'!,0&$(0$*!$*-!8$(4'&!>,=0/3B!&#'!=('$&'(!=,,-!03!$-:$*/'-!&#(,.=#!'$/#! 0*-0:0-.$>!%.(3.0*=!&#'0(!,7*!0*&'('3&3!&,!&#'!<.>>'3&!'M&'*&!%,330D>'I!R0:'*!!3#0<&!&,7$(-3! 0*-0:0-.$>0E$&0,*!$*-!3'>-!3''!&#'!>,33!,,:'-!,*'3!$3!$!(034!&#'9!$//'%&'-!$3!%$(&!,9!C,D! &#'9!/,.>-!<0*-I!A3!7'!70>>!3''B!!03!*,&!&#'!,*>9!7$9!70:'3!,-0'(3!�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

8$-*#*<*#)$/2')6&/$#C/*#)$')7'9#)2+$3+'

2#03!3&.-9!$>3,!/,*&(0D.&'3!&,!7#$&!03!4*,7*!$*-!7#$&!*''-3!&,!D'!.*-'(3&,,-!$D,.&! &#'!('>$&0,*3#0%!,'*/'!$*-!-$*='(I!]#0>'!3,8'!('3'$(/#'(3!#$:'! -'8,*3&($&'-!#,7!0*3&0&.&0,*3!%('%$('!%',%>'!<,(!:0,>'*&!$*-!-$*='(,.3!7,(4!F",>>0*3!;PPOB! U'38,*-!;PPgB!R,<<8$*!1OT1GB!!3&.-9!'M%>,('3!#,7!&#,3'!0*-0:0-.$>3!$*-!=(,.%3!0*-0('/&>9! $33,/0$&'-!70&#!$*!0*3&0&.&0,*!,'*/'!8$4'!3'*3'!,,:'-!,*'!0*&,!-$*='(I!2#'! A(89!80=#&!8$4'!$!3,>-0'(!D($:'B!D.&!7#$&!-,'3!&#$&!8$4'!#08!0*!&#'!'9'3!,0&$(9!<$80>0'3!#$3!%,0*&'-!,.&B!X2#'!'<<'/&3!,*!80>0&$(9!<$80>0'3!,

"#$%&'(!)*'! +*&(,-./&0,*! 1;! ! &#'!%,&'*&0$>!<,(!0*C.(9!0*!D,&#!%'$/'&08'!$*-!7$(&08'!$('!3&.-0'-!('>$&0:'>9!3'>-,8Z! F]'/#3>'(HS'=$>!0*!V,34,3!1OcO6cLGI!2#03!3&.-9!70>>!$--('33!!5.'3&0,*!-0('/&>9I!

D)6%'/$A'7/0#2B'

+*!&#'!>0&'($&.('!,*!7,(4!$*-!<$80>9B!&#'('!$('!/,8%'&0*=!&9%,>,=0'3!,3!,$&0,*3#0%3!FR'(3,*!;P1PGI!!A*!$(89!<$80>9!0*!$!&08'!,.&0,*B!7#'*!",*&0*'*&$>!3,>-0'(3!3&(.==>'-!70&#!/,*<>0/&0*=!>,9$>&0'3!&,!3'(:'!&#'0(! '8'(=0*=!*$&0,*!,(!<.><0>>!&#'0(!-.&0'3!&,!%(,:0-'!<,(!&#'0(!<$80>0'3!FV$9'(!1OOTGI!2#'!5.'3&0,*!,-!%.&!-.&9!&,!,&#'(3!D'<,('!/,880&8'*&!&,!,*'?3!,7*!<$80>9!03!$*!':'*! ,>-'(!5.'3&0,*!($03'-!0*!&#'!'$(>9!"#(03&0$*!'�/3!,!':0-'*/'!$3!&,!#,7!$(89!70:'3!/,8'!&,!8$4'!3'*3'!,7$93!/,8'3!<0(3&IZ!

J0*$>>9B!*,&!30*/'!],(>-!]$(!++!#$:'!3,!8$*9!3,>-0'(3!70&#!<$80>0'3!=,*'!&,!7$(I!A3!0&!-0-! -.(0*=!$*-!$<&'(!],(>-!]$(!++B!&#'!30&.$&0,*!%('3'*&3!$*!,%%,(&.*0&9!&,!3&.-9!#,7!<$80>0'3! ('3%,*-!&,!3&('33B!%$(&0/.>$(>9!#,7!/#$*='3!0*!<$80>9!3&(./&.('3B!-9*$80/3B!$*-!:$>.'3!&#$&!#$:'! ,//.(('-!$/(,33!3,/0'&9!0*!&#'!>$3&!<0<&9!9'$(3!#$:'!'5.0%%'-!<$80>0'3!&,!&#'!<$/'!&#'!D.(-'*3!,>!/,*&(0D.&'B!$3!3&.-0'3!<,>>,70*=!],(>-!]$(!++!-0-!FN0>>!1OWOB!Y.(='3! $*-!`,/4'!1OQLGB!&,!.*-'(3&$*-0*=!#,7!3./#!&($*3<,(8'-!<$80>0'3!3&$*-!.%!&,!3&('33<.>!%'(0,-3I!!

("/1*+6'?9+69#+:'

+*!,(-'(!&,!.*-'(3&$*-!#,7!-0<<'('*&!/,*&'M&3!,0&$(9!8$((0$='B!!-033'(&$&0,*!%(,/''-3!$3!<,>>,736! "#$%&'(!;!%('3'*&3!&#'!&#(''!,:'($(/#0*=!/$&'=,(0'3!70&#!7#0/#!%$(&0/0%$*&3!0*!! 3&.-9!�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�*4!$/(,33!-0<<'('*&!3,/0$>!/,*&'M&3!0*! &#'!%'(0,-!,,98'*&I!+&!%('3'*&3!&#'!<$/&,(3! &#$&!08%$/&!#,7!('=.>$(!$(89!70:'3!>0:0*=!0*!8,3&>9!80>0&$(9!/,*&'M&3!$*-!*$&0,*$>!=.$(-!70:'3! >0:0*=!0*!8,3&>9!/0:0>0$*!/,*&'M&3!/,*<(,*&!&#'0(!(,>'!$3!70:'3B!8,&#'(3B!$*-!/0&0E'*3I!

"#$%&'(!)*'! +*&(,-./&0,*! 1L! ! "#$%&'(!Q!>,,43!$&!&#'!3&('33<.>!%'(0,-!,,98'*&3!$*-!%('3'*&3!#,7!70:'3! 0*!&#'!&7,!-0<<'('*&!3,/0$>!/,*&'M&3!�*4!$D,.&!&#'!8$*9!*'=$&0:'!%,330D0>0&0'3!&#$&!&#'!7$(! /,.>-!D(0*=!&,!&#'8!$*-!&#'0(!<$80>0'3I!! "#$%&'(!T!,<<'(3!$!:0:0-!%0/&.('!,>'*='3!<$/'-!D9!70:'3!70&#!&#'!('&.(*!,!/,*&'M&3!,*!&#,3'!/#$>>'*='3I!! 2#'!<,/.3!,,98'*&!$*-!#,7!-0<<'('*&!3,/0$>! /,*&'M&3!3#$%'!&#'!&#,.=#&!,>9B!/#$%&'(!c!/,*/>.-'3!D9!%('3'*&0*=!$!3.88$(9!,&3B!&#'! 08%>0/$&0,*3!,!-'D$&'3I!!

"#$%&'(!)*'! +*&(,-./&0,*! 1W! ! !"#$%&'()*+(( ,-%./(!+001%0&2%/(#23(45617#%1+28(9+*(:'0.(;1<&=()"12>(:5+-%(%"&1'( ?#''1#7&=(

@2%'+3-A%1+2!

:#.!3+!;+631'(;!<17#&=!:#'2!;+631'(;!+<<1>1$66.!'261;&/!&#'.!;*'$(!&+!?;-%%+(&!$23!3'<'23! &#'!"+2;&1&-&1+2!+'(;!$%%+12&'3!+E'(B!&#'0F8!:#'&#'(!&#'.!G!12!&#';'! &'(0;!+(!2+&/!&#'!+<<1>1$6!'H%'>&$&1+2!1;!&#$&!&#'1(!G127/!12>6-3127!&#'1(!0+&1E$&1+2;/! I-;&1<1>$&1+2;/!$23!#+*!&#'.!I-37'!&#'1(!+*2!$>&1+2;/!<+>-;';!+2!&#'!6'7$6!<+-23$&1+2!+'!&+!$-&#+(1&.!6'71&10$&'3!12!&#$&!<($0'*+(GF!J>>+(3127!&+!&#'!A+631'(K;! "(''3/L!*#1>#!;+631'(;!6'$(2!3-(127!M$;1>!)($12127!$23!('>1&'!$&!%-561>!>'('0+21';/!$!;+631'(!;'';! #10;'6$2!*$.!+>+(3127!&+!&#'!A+631'(K;!"(''3/!3''%6.!>+001&&'3!&+!&#'!100'31$&'!&$;G!5'<+('!#10/!&+! %6$>127!&#'!01;;1+2!<1(;&/!&+!2'E'(!6'$E127!$!<$66'2!>+0($3'!5'#123!+(!$>>'%&127!3'<'$&F!:#16'! &#'!E$6-';!10%61>1&!12!5+&#!&#'!4$&#!+-;!+&!&+!$;;';;!&#'!'H&'2&!&+!*#1>#!&#'.!$>&-$66.!3+F! P$&#'(/!&#'!<+>-;!#'('!1;!+2!#+*!&#+;'!*#+!;&$23!5.!;+631'(;/!2$0'6.!&#'1(!*1E';/!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G!31<<'(;!$23!&+!-23'(;&$23!#+*!&#+;'! 31<<'('2>';!0$&&'(!&+!&#'!0$G127!+'F!!Z!*166!$6;+!%(';'2&!#+*!&#'!$H';!++%'!$23!'<<+(&!>+((';%+23!&+!10%+(&$2&!>#$27';!+5;'(E'3!12!5+&#!&#'!12;&1&-&1+2;!++12>13'2>'!*166!>+2<1(0!&#'!;-1&$5161&.!+#127!>$&'7+(1';/!>$&'7+(1';!&#$&!$%%$('2&6.!#'6%!*1E';!<$>'! <-23$0'2&$6!316'00$;!12!&#'!+E'(6$%%127!<1'63;!+#$%&'(;!*166!6++G!$&!
!E$(1$&1+2!12!('6$&1+2;#1%!&+!;%'>1<1>!12&'($>&1+2;!$23! >+2&'H&;!$23!3'0+2;&($&'!23$!*#$&!$(0.!*1E';!;$.!E$(1';!`!*#.!&#'.!;+0'&10';!;''!&#'1(! ('6$&1+2;#1%!12!&'(0;!++001&0'2&F! M'<+('!%(';'2&127!&#'!&#+-7#&;!&#$&!>+0%(1;'!'$>#!+$&'7+(1';!++2;13'(!&#'!;1721<1>$2>'!++-(;'!++0'!+'!*1&#! *$(/!*+-63!&#'1(!*$.;!++2;'S-'2>'!<+(!$2.+2'!+&#'(!&#$2!&#'!L9a/aaa! 0$((1'3!J(0.!>+-%6';=!Z;!&#'('!$2.!5(+$3'(!;+>1$6!;1721<1>$2>'!&+!5'!<+-23!12!&#'!*$.;!&#';'! *+0'2!>+0'!&+!0$G'!;'2;'!+';=!)#'! ;1721<1>$2>'/!$;!Z!*166!3'0+2;&($&'/!61';!12!&#'!*$.!&#$&!&#'!(';-6&;!;-(%(1;1276.!>+-2&'(!*#$&!*'! *+-63!'H%'>&!<(+0!>-(('2&!;+>1+6+71>$6!61&'($&-('F!Z!5(1'<6.!%(';'2&!&#(''!;'&;!+&$&1+2;!+&!&#$&!;+>1$6!;%#'(';!+(!?('710';!+'!+(!+$6>-6$56'!$23!7'2'($61_$56'!I-;&1<1>$&1+2;!>$2!5'!$%%61'3!UM+6&$2;G1!$23!)#bE'2+&! 8WWWYF!c1E'2!&#$&!&#';'!10%'(16'3!0$((1$7';!<$66!;S-$('6.!*1!&#'!12&'(;'>&1+2;!+'/!$23!<$016./!*'!*+-63!2+&!'H%'>&!&+!<123!&#'!G123!+! $23!+5;'(E$56'!I-;&1<1>$&1+2;!-;'3!12!+&#'(/!6';;!$<<'>&1E'/!;%#'(';F!A'>+23/!71E'2!&#'!(1;127! &('23!&+*$(3!'H%(';;1E'!1231E13-$61;0!UM'66$#/!'&!$6!8WX9Y!&#'!3'>612127!$%%('>1$&1+2!+(1<1>'! $;!$!%+;1&1E'!'6'0'2&!12!>+2&'0%+($(.!<$016.!('6$&1+2;!U"#'(612!LaaW/!M$#(!$23!M$#(!Laa8/! C+%'2+'!8WWdY!$23!&#'!%(+>6$10'3!31;$%%'$($2>'!++001&0'2&!12!%'(;+2$6!('6$&1+2;#1%;! Uc'(;+2!La8aQ8aY/!*'!*+-63!5'!-261G'6.!&+!#'$(!*1E';!I-;&1<.!12!$2.!0$22'(!;'%$($&1+2!<(+0! $23!%+&'2&1$6!%'(0$2'2&!6+;;!+&-($6! %+*'(!$23!>-6&-($6!12<6-'2>'!+&1+2!+1$6!2$(($&1E';!10%+;'3!+2!&#'0!5.!&#'!>+0512'3!<+(>';!+#.!U:'12;&'2!$23!:#1&'!8WWe/!O26+'!8WXRYF!! :#$&!*'!#'$(/!#+*'E'(/!1;!S-1&'!31<<'('2&F!"+2;13'(127!&#'0!12!('E'(;'!+(3'(/! (';%+23'2&;K!G127!1;!+<&'2!>(1&1>$6!++00$23/B!!1&;!+<<1>1$6!E'(;1+2;!+&$&1+2;!++001&&'3!&+! ! "#$%&'(!)*+! ,-&./!"+001&0'2&/!$23!45617$&1+2! 8^! &#'1(!#-;5$23;!12!;%1&'!+'!+-6$(!$3E+>$>.!(+6'! &#$&!&#'.!&$G'!12!&#'!<$>'!+$66.!;&+1>!$>>'%&$2>'!++231&1+2;!+'F!!)#+-7#!;+0'!I-;&1<1>$&1+2;!3+!('<6'>&!$2!'0'(7'2&!>-6&-($6!'0%#$;1;!+2!;'6<[ 3'E'6+%0'2&!$23!1231E13-$6!7(+*&#/!+&#'(;!>6'$(6.!('<6'>&!0+('!>+00-21&$(1$2/!>+66'>&1E'/!$23! $6&(-1;&1>!E$6-';F!J&!&10';!*1E';!3+!G!$5+-&!&#'!('6$&1+2;#1%!12!&'(0;!+'23;!&#'1(!1231E13-$61&./!*#'&#'(!&#$&!5'!&+!&#'!2$&1+2/!$!#17#[0123'3! >$-;'/!+(!&#'1(!+*2!0$(1&$6!-21+2F!N$;&6./!*'!3+!#'$(!I-;&1<1>$&1+2;!<+(!&#'!>#$66'27';!&#$&!$(1;'! <(+0!
!%$(&1>-6$(!>+0512$&1+2!+'F!J;!12!+&#'(!;%#'(';/!&#';'!I-;&1<1>$&1+2;! +>>-(!$6+27!31;>'(2156'!$H';!+'F!Z2!6$&'(!>#$%&'(;/!*'!*166!;''!#+*!%$(&1>-6$(! I-;&1<1>$&1+2;!+>>-(!12!+5;'(E$56'!%$&&'(2;/!71E'2!%$(&1>-6$(!>+2&'H&;!+'!$23!&10'F!T+(! &#';'!('$;+2;/!&#'!*$.;!&#$&!J(0.!*1E';!G!$5+-&!&#'1(!0$((1$7';!$23!&#'!&'(0;!*1&#!*#1>#! &#'.!>+0'!&+!I-;&1<.!&#'!#$_$(3;!$('!12&'(';&127!2+&!I-;&!12!&#'0;'6E';!5-&!$6;+!<+(!*#$&!&#'.! &'66!-;!$5+-&!&#'!0$G127!+&1+2!12!;+>1$6!>+2&'H&;F! ( ,-%.( ( 42'!*$.!&#$&!J(0.!;%+-;';!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

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! d!:#'('!+5'31'2>'!&+!$-&#+(1&.!017#&!5'!$!>+('!0161&$(.!E$6-'/!$;!12;>(15'3!12!&#'!4$&#!+>'%&'3!&#'!#$(3;#1%;!$23!31<<1>-6&1';!+$-;'!1&!*$;!#'(!3-&.!&+! +5'.!$23!<+66+*!#'(!#-;5$23F!J;!*'!*166!;''!12!7('$&'(!3'&$16!12!6$&'(!>#$%&'(;/!$(0.!>+-%6';!3+!;&(-776'!5-&! -;-$66.!;->>''3!12!G''%127!&#'!$-&#+(1&$(1$2!%($>&1>';!+-6&-('!+-&;13'!+'!&#$&!G!&#'.!;#$('! *1&#!&#'1(!#-;5$23;F!?A'(E1>'B!10%61';!0+('!&#$2!*+(G!$23!31;&127-1;#';!&#'0!$23!&#'1(! #-;5$23;!<(+0!+&#'(!G123;!+'2$(1';!+(!%(1E$&'!;'>-(1&.!>+2&($>&+(;F9!A'(E1>'! 1;!;#$('3!*1&#!&#'1(!#-;5$23;!<+(!$!6$(7'(!>$-;'F!:#'2!$;G'3!#+*!;#'!13'2&1<1';!#'(;'61E161$2/!$;!$!0161&$(.!3'%'23'2&/!+(!$;!0161&$(.!%'(;+22'6/!&#'!*1<'!+G;+2FB!Z! >+2;13'(!&#$&!Zj0!;'(E127!$6+27;13'!#10f!1&j;!I-;&!G123!+';;$(16.!G!&#$&!Z!;#+-63!7'&!$!-21<+(0^!+(!($2G!+(!$2.!61G'!&#$&F! M-&!5'127!$2!$(0.!*1<'!1;!2+&!61G'!5'127!0$((1'3!&+!;+0'+2'!*#+!*+(G;!$&!,'66F! A+/!Z!3+!<''6!61G'!Z!&$G'!+2!;+0'!++2;13'(!0.;'6-(('2&6.!'0%6+.'3!12!Z($S!5.!$!;'>-(1&.!<1(0! #'$3S-$(&'('3!2'$(!T+(&!i$>G;+2F!A#'!&+63!0'!&#$&!;#'!6'$(2'3!&#'!#$(3!*$.!2+&!&+!&'66!J(0.!*1E';!#'(!#-;5$23! *$;!$!>+2&($>&+(F!A#'!;$13!&#$&!&#'.!7'2'($66.!(';'2&'3!&#'!$0+-2&!++2&($>&+(;!('>'1E'3!$23! &#'!$331&1+2$6!3$27'(!12!*#1>#!>+2&($>&+(;!%6$>'!-21<+(0'3!;'(E1>'!0'05'(;!5.!&#'1(!%(';'2>'!$23!>+23->&!12! Z($SF!!!

^!P'6$&'3!&+!
!13'$!+$;'!+#$;&1;'3!<+(!*'$(127!#'(!#-;5$23K;!2$E$6!>$%!12!#'(!%(+<16'!%#+&+7($%#Q! #&&%Qkk***F;$($#;016'.F>+0k$(&1>6'l9kV161&$(.[:1<'["('$&';["+2&(+E'(;.[:'$(127[m-;5$23;[@21<+(0F#&0F!V$2.! ('$3'(;/!%$(&1>-6$(6.!+&#'(!0161&$(.!*1E';/!('$>&'3!$27(16.!&+!&#'!>(1&1>1;0F!A%+-;';!+<&'2!'H%(';;!&#$&!&#'.!3+! 'E'(.!<+(!&#'!J(0.!5-&!*'$(!1&;!-21<+(0F!! ! "#$%&'(!)*+! ,-&./!"+001&0'2&/!$23!45617$&1+2! 8X! T+(!
!*1<'/!#'(!#-;5$23K;!I+5!12!&#'!0161&$(.!1;!31<<'('2&!<(+0!+&#'(!<+(0;!+$-;'!1&!'2&$16;!;'(E1>'/!;'(E1>'!&#$&!;#'!&++!<''6;!>$66'3!&+!%'(<+(0!$;!#'(!3-&./!$!3-&.!2+&!&+! #'(!#-;5$23!5-&!&+!&#'!;$0'!01;;1+2!&#$&!#'!;'(E';Fe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m-5'(&! $23!V$-;;!8W^dQ8aLY!&#$&!;*'66;!$;!%(13'F!42'!*1<'!3';>(15';!&#'!%(13'!;#'!<''6;!<+(!#'(! ;+631'(!#-;5$23Q!?Z!G!&#'!5';&!%$(&!++-2&(.!7('$&!$23!0$G127!;-('! &#$&!<(''3+0;!&#$&!*'!#+63!>+2&12-'FB!! J6;+!(';%+23127!&+!&#'!S-';&1+2/!?:#$&!1;!&#'!5';&!%$(&!++0'!5$>G!&+!&#$&!$7$12!$23!$7$12F!"$-;'!Z! ('$66.!61G'!&+!;''!#10!12!-21<+(0!$23!&+!;''!#10!12!<+(0$&1+2!$23!61G'/!-0/!.+-! G2+*/!&+!#'$(!#10!&$6G!$5+-&!<6.127!$23!;&-<>+0%61;#!12!&#'!J(0.!$23! #'j;!$!('$66.!>+0%'&'2&!7-./!&++f!;+/!Z!I-;&!G!&#'('j;!$!6+&!%(13'!<+(!0'F! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! e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G!+&#'(*1;'F! X!?)#'!01;;1+2B!$;!$!>+2>'%&!1;!%+%-6$(!12!0161&$(.!G127F!N1G'!0+;&!-;'<-6!>+2>'%&;/!1&;!-;'<-62';;!$;!$! I-;&1<1>$&1+2!3'(1E';!<(+0!$!E'(;$&161&.!(++&'3!12!$0517-1&.F!42!&#'!+2'!#$23/!1&!$%%'$(;!&+!$66+*!;+631'(;!$23!&#'1(! <$0161';!&+!<+>-;!+2!&#'!100'31$&'!&$;G!$&!#$23!U7'&&127!&#(+-7#!
!3'%6+.0'2&/!>+0%6'&127!
!%$&(+6Y!*1&#+-&! #$E127!&+!$>>+-2&!<+(!&#'!5177'(!%1>&-('!U&#'!$10;!+&+(.YF!42!&#'!+&#'(!#$23/!&#'! 01;;1+2!>$2!5'!12E+G'3!&+!0'$2!&#+;'!5(+$3/!'H%$2;1E'!7+$6;!U;'>-(127!3'0+>($>./!'($31>$&127!76+5$6!&'((+(1;0YF! 42'!>+00+2!'H$0%6'!++2>'%&K;!$0517-1&.!1;!12!&#'!$(0.!6'$3'(;#1%!0$2&($!?V1;;1+2!T1(;&/!)(++%;!J6*$.;FB! )#'!;'>+23!%$(&!+1E161$2!>+-2&'(%$(&;/!$6;+!3'(1E'!;&$&-;!<(+0!&#'1(!%$(&1>-6$(!#-;5$23K;! $>>+0%61;#0'2&;!+(!#1;!($2G!U"+;'(!8WedYF!M-&!&#$&!G123!+!%(13'!1;!+<&'2!;''2!$;! %(+56'0$&1>/!$;!?*'$(127!+2'K;!#-;5$23K;!($2G!+2!+2'K;!;6''E'B!+(!?%-&&127!#1;!(';-0'!+2!&#'! 5-0%'(FB!J;!$!*1<'!'6$5+($&';/!<-6<166127!+2'K;!3-&.!&#(+-7#!&#'!0161&$(.!017#&!'27'23'(!%(13'! 5-&!1&!$6;+!('S-1(';!0+3';&.Q! ! Z!G!&#'('j;!$!>'(&$12!$0+-2&!++0';!*1&#!&#'! %(13'!Z!7-';;F!Z!0'$2!Z!3+2j&!7+!(-22127!$(+-23!61G'!gm'./!0.!#-;5$23j;!$!:';&! C+12&!7($3FK!N1G'!Z!0'$2!&#$&j;!('&$(3'3F!@0/!5-&!.+-!G2+*/!;+!Z!G!&#'('j;!61G'! #-0161&.!&#$&!7+';!$6+27!*1&#!1&/!&++/!&#$&!0$G';!1&!0+('!$-&#'2&1>!*#'2!%'+%6'! 3+!<123!+-&F!)#'.j('!61G'!g4#/!*+*/!7++3!<+(!.+-K!&.%'!++721&1+2!&#'.!('>'1E'3/!0161&$(.!;%+-;';!;$.!&#$&!&#'.!$23! &#'1(!#-;5$23;!3+!2+&!3'615'($&'6.!;''G!1&F!)#'.!017#&!5'!$E+13127!3($*127!&++!0->#!$&&'2&1+2! &+!&#'!(1;G;!&#'.!&$G'!6';&!('>+721&1+2!5'>+0';!?&#'!%(13'!5'<+('!&#'!<$66FB!Z2!$!6$&'(!>#$%&'(/!*'! *166!>+2;13'(!&#'!;&(->&-($6!$23!>-6&-($6!+5;&$>6';!&+!('>+721&1+2!<+(!;+631'(;!$23!<$0161';!12!$2! $66!E+6-2&''(!<+(>'/!61E127!1;+6$&'3!<(+0!>1E161$2!>+00-21&1';!+2!6$(7'!0'7$[5$;';F!)#'! >+0512$&1+2!++0'!<(+0!&#'!;'2;'!&#$&!*+(G!12!&#'!0161&$(.!1;!$! <+(0!+'/!($&#'(!&#$2!'0%6+.0'2&F!A'(E1>'!;-77';&;!;-5+(312$&1+2!&+!;+0'!+&#'(!%'(;+2/! %'(;+2;/!+(!%-(%+;'!+&#'(!&#$2!&#'!%-(;-1&!++721&1+2!$;!'6'0'2&;!+-6$(!>+2&'H&;F! )#+;'!>+2&'H&;!*166!5'!'H$012'3!12!;-5;'S-'2&!>#$%&'(;F!! :#16'!;%+-;';!61G'!&#+;'!$5+E'!;$*!3-&.!$;!%6$.127!$!6$(7'!%$(&!12!#+*!&#'.!&#+-7#&! $5+-&!&#'1(!0161&$(.!0$((1$7'/!&#'.!3+!2+&!5'61'E'!0161&$(.!;'(E1>'!1;!$!-21E'(;$6!3-&.!('S-1('3!+1&1_'2;!$23!<$0161';F!J66!5-&!+2'!;%+-;'!12&'(E1'*'3!;$13!&#$&!1&!&++G!$!;%'>1$6!*+0$2!&+!5'! 0$((1'3!&+!$!;+631'(F!A+0'!$6;+!0'2&1+2'3!&#$&!&#'.!3+!2+&!5'61'E'!&#$&!$66!%'+%6'!$('!;-1&$56'! &+!5'!;+631'(;FW!T-(&#'(0+('/!2+2'!&#+-7#&!&#$&!>+2;>(1%&1+2!+(!0$23$&+(.!0161&$(.!;'(E1>'!1;!$! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! W!,-&.!<+(!&#';'!;%+-;';!+$2!E1(&-'B!%(+0+&'3!5.! P+-;;'$-Q!?"1&1_'2;!$('!2'1&#'(!6$*.'(;/!2+(!;+631'(;/!2+(!%(1';&;!5.!%(+<';;1+2f!&#'.!%'(<+(0!$66!&#';'!<-2>&1+2;!$;! $!0$&&'(!+1&'3!12!:$6_'(!8WeaQLRLYF!V+;&!++2&($(./!I-;&1<.!&#'1(! <('17#&'3!('6$&1+2;#1%!+-&!+-6$(!&+!&#'0!$23!&#'1(!#-;5$23;/!2+&!$66!>1&1_'2;F!Z2!
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aaXQ!X9YF!

! "#$%&'(!)*+! ,-&./!"+001&0'2&/!$23!45617$&1+2! La! 7++3!13'$F!:#16'!&#'.!<'6&!0+('!%'+%6'!*+-63!$%%('>1$&'!*#$&!;+631'(;!$23!&#'1(!<$0161';!7+! &#(+-7#!1127!>1&1_'2;!&+!;'(E'!*+-63!%6$>'!&#'1(!+*2! #-;5$23;!12!7('$&'(!3$27'(F!OE'2!*#'2!%(';'2&'3!*1&#!&#'!%+;;15161&.!&#$&!>+2;>(1%&1+2!017#&! 6';;'2!&#'!2-05'(!$23!6'27&#!++2>'%&!*$;!2+&!6101&'3!&+!2$&1+2$6!+(!%$&(1+&1>!;'(E1>'F!:#16'!;+0'!*1E';!313! ;%'$G!+$/!0$2.!'0%#$;1_'3!#+*!&#'1(!#-;5$23;!*'('!%(+&'>&127!$23! ;'(E127!%'+%6'!++2;&(->&1E'!$23! #-0$21&$(1$2F!4&#'(;!%+12&'3!&+!&#'1(!$23!&#'1(!#-;5$23;K!('6171+-;!5$>G7(+-23;!$;!*$.;!++2>'%&!++0%$;;';!I-;&1<1>$&1+2;!&#$&!'0%#$;1_'!$!2+&1+2!+'!31;&12>&!<(+0!2+(0$6!'0%6+.0'2&/!$!>+0%6'H!;'2;'!+'/!$!2+&1+2!&#$&!&#'.!$23!&#'1(!;+631'(!$('!-21S-'6.!>$66'3!&+!
!3-&./!$23!&#$&!
! 3-&.!1;!$!>$66127!&+*$(3!;+0'!7('$&'(!&#$2!;'6+0%'&1&1+2!&#$&!&(+-56';!#+-;'#+63;/! 2+&!I-;&!0161&$(.!+2';F!A''127!&#'0;'6E';!$;!$6;+!$2;*'(127!$!>$66!&+!3-&.!#'6%;!&#'0!2+&!+26.! $>>'%&!5-&!$>&1E'6.!>+2&(15-&'!&+!0$G127!&#'!;$>(1<1>';!('S-1('3!5.!0161&$(.!;'(E1>'F!:#$&!1;! $;G'3!+#127!#-;5$23!2+(!#1;!7(''3.!*+(G%6$>'F! :#$&!1;!$;G'3!<+(!1;!$;G'3!<+(!5.!$!&($2;>'23'2&!;+>1$6!'2&1&.!U&#'!2$&1+2Y!+(!>$-;'!U3'0+>($>.YF! J23!+<&'2!$(0.!*1E';!;''!&#'0;'6E';!$;!$2;*'(127!
!>$66F!:'!*166!;''!12!6$&'(!>#$%&'(;/! #+*'E'(/!#+*!
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a!P';%+23'2&;!S-+&'3!
!;>(1%&-('!E'(;'Q!?c('$&'(!6+E'!#$&#!2+!0$2!&#$2!
/!&#$&!$!0$2!6$.!3+*2!#1;!61<'!<+(! #1;!<(1'23;FB!i+#2!89Q8R!n127!i$0';!M156'F!)#';'!*1E';!$23!&#'1(!#-;5$23;!+<<'(!;'(E1>'!$23!;$>(1<1>'!<+(!$2!'2&1&.! &#$&!&($2;>'23;!'E'2!&#'!2$&1+2F! ! "#$%&'(!)*+! ,-&./!"+001&0'2&/!$23!45617$&1+2! L8! 31;>-;;1+2;!++001&0'2&!&+! #'(!%$(&2'(!12!0$((1$7'!$23!%$('2&127f!#'(!>+001&0'2&!&+!&#'!0161&$(.!61<'!;&.6'f!$23!6$;&6.!#'(! >+001&0'2&!&+!#'(!#-;5$23!$;!$2!1231E13-$6/!12!>+2&($;&!&+!#10!$;!$!;+631'(/!%$(&!+1$6!'2&1&.F! !

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G127!12!&'(0;!+'!31;&127-1;#'3!$(0.!*1E';!<(+0!&#'1(!>1E161$2!>+-2&'(%$(&;/! >+001&0'2&!'0%#$;1_';!$!;'$06';;!'H%'(1'2>'!5'&*''2!0$((1$7'!*1!$23!+-&;13'!&#'! 0161&$(.F!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 88!:'!*166!;''!12!&#'!<+66+*127!>#$%&'(!#+*!1&!1;!#$(3'(!<+(!]$&1+2$6!c-$(3!;%+-;';!&+!G!+1E161$2!2'17#5+(;F!! ! "#$%&'(!)*+! ,-&./!"+001&0'2&/!$23!45617$&1+2! LL! Z2!'H%6$12127!#'(!E1'*!&#$&!1&!3+';!2+&!&$G'!$!;%'>1$6!*+0$2!&+!5'!$2!J(0.!*1<'/8L!+2'! (';%+23'2&!%(';'2&;!$2!10$7'!++001&0'2&!5$;'3!+2!2+(0$6!'H%'>&$&1+2;!++001&&'3!&+! +-(!#-;5$23;/!*'!6+E'!+-(!#-;5$23;/!$23!*'j('!7+127!&+!3+!*#$&!*'!2''3!&+!3+! &+!;&$.!;$2'!*#16'!&#'.j('!7+2'F!A+DF)#$&j;!&#'!5177';&!!&#$&!Z!;''!&#$&! 0$G';!$!;->>';;<-6!$(0.!*1<'!';%'>1$66.!*1&#!&#'!3'%6+.0'2&;!1;!I-;&!&+!5'!('$66.! >+001&&'3!&+!0$((1$7'F! ! Z2!&#'!<$>'!+&$56'/!$5;-(3/!$23!&'((1<.127!%+;;15161&1';!%(';'2&'3!5.!61<'!12! &#'!0161&$(./!*1E';!'0%#$;1_'!&#'1(!0$(1&$6!('6$&1+2;!$;!('<-7';!+.!`!;+0'!&#$&! 0$G';!&#'0!I-;&!61G'!+&#'(!<+6G;/!*#+!3+!2+&!<$>'!&#'!#$_$(3;!++001&0'2&!&+!0$((1$7'F!42'!+1+-;F!Z&!017#&!;''0!*'1(3!&+!;$.!5-&!Z! G!Z!$0!6->G.!&#$&!*$.F!Z&!0$G';!0.!0$((1$7'!;+!0->#!5'&&'(F! ! !:#16'!%'(#$%;!0$G127!$!E1(&-'!+-&!+';;1&./!
!*1<'!('%(';'2&;!#+*!0$2.!+&#'(! (';%+23'2&;!0$3'!;'2;'!+$2K&!*('>G!$!7++3!0$((1$7'f!5-&!1&! 3'<121&'6.!3+';2K&!#'6%!$!5$3!0$((1$7'!7'&!5'&&'(FB!:1!
!%'(;%'>&1E'/!&#'!#$(3;#1%;!+'!$('!6';;!$!&#('$&!&#$2!$!0'$2;!&+!>+2<1(0!&#$&!+2'!#$;!$!7++3!0$((1$7'F! Z2!$331&1+2!&+!$!>+001&0'2&!&+!&#'!2+(0$6!'H%'>&$&1+2;!++001&0'2&!3'(1E'3!<(+0!%$('2&127F!,';%1&'!31<<1>-6&1';!+$&1+2;/! &#'!6+27[&'(0!$5;'2>';!+#163('2!$('!$! >+00+2!%$(&!+!10$7';/!&#'!0161&$(.!<$016.!$6*$.;!12>6-3';! >#163('2f!E1;-$66.!$!0161&$(.!<$016.!1;!2'E'(!I-;&!$!>+-%6'F8dO17#&.!%'(>'2&!+'!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 8L!)#1;!E1'*!1;!12!>+2&($;&!&+!&#'!2+&1+2!&#$&!+26.!%$(&1>-6$(!*+0'2!$('!;-1&'3!&+!5'!;+631'(;K!*1E';/!%(';'2&'3! $5+E'!12!&#'!;'>&1+2!+2!3-&.F!J;!0'2&1+2'3/!(';%+23'2&;!+<&'2!'H%(';;'3!>+2&($31>&+(.!&#+-7#&;!$23!;'2&10'2&;F! :'!*166!;''!12!6$&'(!>#$%&'(;/!#+*!&#';'!31<<'('2&!E1'*;!>+((';%+23'3!&+!31<<'('2&!>+2&'H&;!$23!12&'($>&1+2;Q!*#.! ;+0'&10';!&#'.!G!+&!<(+0!>1E161$2!*1E';!$23!*#.!$&!+&#'(!&10';!&#'.!G!&#'.!$('!I-;&! &#'!;$0'F! 8R!c1E'2!&#'!-2%('>'3'2&'3!2-05'(!+#163('2!1;!#17#'(!12!&#'!>-(('2&!>+2<61>&!&#$2!$2.!+&#'(!12!&#'!6$;&!>'2&-(.F! A&$&1;&1>;!+2!&#'!2-05'(!+#163('2!5'('$E'3!5.!*$(!<$&$61&1';!12!&#'!c6+5$6!:$(!+2!)'((+(!3+!2+&!'H1;&!%-561>6.F! 8d!:#.!
!>+22'>&1+2!5'&*''2!>#163('2!$23!&#'!0161&$(.=!42!+2'!6'E'6/!1&!1;!%$(&!+'K;! $&&'0%&!&+!0$G'!0161&$(.!;'(E1>'!$!61<'6+27!>$(''(F!42!$2+&#'(!6'E'6/!1&!<+66+*;!$!('[+>>-((127!;.05+61>!>+22'>&1+2! 5'&*''2!10$7';!+#!$23!C$((.!8WXLYF!OH%$23127! ! "#$%&'(!)*+! ,-&./!"+001&0'2&/!$23!45617$&1+2! LR! 0'05'(;!#$E'!3'%'23'2&!>#163('2!UA6+$2!:+(G!$23!T$016.!P';'$(>#!]'&*+(G!LaaWYf!<+(&.[212'! %'(>'2&!+#163('2!U]$&1+2$6!C-561>!P$31+!i-6.!^/!La88YF!M'>$-;'!+#163('2/!0$2.!*1E';!;$13!&#$&!&#'.!<+-23!1&!'$;1'(/!2+&!#$(3'(/!&+!;-%%+(&!&#'1(!;+631'([ #-;5$23;!$23!<$>'!&#'!-2>'(&$12&1';!$23!3$27'(;!++001&0'2&!&+!&#'!;#$('3!(';%+2;15161&1';!++001&&'3!&+!&#'!;&'('+&.%'!++00-21&./!&+!5'!%$(&!+1<1>!>-6&-('F!Z2!>+2&($;&!&+!3-&./!
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c$.6'/!($1;'3!5.!$!7($230+&#'(!*#+!*$;!12!&#'!J(0./!'H%(';;';!
!2+&1+2!++001&0'2&!&+!#'(!#-;5$23!5-&!2+&!&+!&#'!J(0.!*#'2!;#'!'H%6$12;!#'(!;'2;'!+1E161$2!*#+!;&(+276.!;-%%+(&;!#'(!#-;5$23F!)#'!0161&$(.!1;!#$(3! <+(!0'f!Z!3+2K&!$%%(+E'!++2;13'(!0.;'61E161$2FB! Z2!&#'!<+66+*127!>#$%&'(/!*'!*166!;''!#+*!
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
!;.05+61>!>+22'>&1+2F! 89!A+0'!12;&1&-&1+2;!;%'>1<1>!&+!&#'!0161&$(.!>+00-21&.!U*1&#!>1E161$2!'S-1E$6'2&;Y!!12>6-3'!&#'!%+;&!>#$%'6!U>#-(>#Y/! &#'!>6121>!U#+;%1&$6Y/!&#'!>+001;;$(.!U7(+>'(.!;&+('Y/!&#'!%+;&!'H>#$27'!+(!Co!U('&$16!;&+('Y/!&#'!T+-(!A'$;+2;!;&+('! U#$(3*$('!;&+('Y!&#'!>6$;;!\Z!;&+('!U61S-+(!;&+('Y/!&#'!+<<1>'(;K!>6-5/!&#'!;+631'(;K!>6-5/!&#'!(+3!$23!7-2!>6-5/!! ! "#$%&'(!)*+! ,-&./!"+001&0'2&/!$23!45617$&1+2! Ld! ( J(0.!*1E';!$6;+!'H%(';;'3!13'$;!$5+-&!$!5+-23'3!('6$&1+2;#1%!&+!0161&$(.!61<'/!+2'!*1&#! ';&$561;#'3!6101&;F!)#1;!$(0.!*1<'!('>+721_';!#+*!3-&.!$23!>+001&0'2&!0+&1E$&'!#'(! #-;5$23K;!'236';;!;'2;'!+'/!5-&!<+(!#'(;'6&1E'!$23!#'!$6*$.;!*$2&;!&+!3+!&#'!#+2+($56'!F!m1;!<1(;&!$23! <+('0+;&!&#+-7#&!1;!&+!5'!;-('!&#$&!*'!$('!;$<'!$23!&$G'2!>$('!++0';!12F!Z&!7'&;!12!+-(!*$.!;+0'&10';F!)#'!2''3!&+!%(+&'>&!#1;!<$016.!1;! *+E'2!12&+!&#'!2''3!&+!3'<'23!#1;!>+-2&(./!$23!;+/!*#16'!#'!#$;!
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
!%'(1+3!+

! "#$%&'(!)*+! ,-&./!"+001&0'2&/!$23!45617$&1+2! L9! !! ! V161&$(.!;%+-;';!&$6G!$5+-&!;&$23127!7-$(3!<+(!$!;'2;'!+'!+#127!5-('$->($>.F!)#1;!<$1(2';;!1;!$&!&#'!>+('!+'!5'&*''2!#'(!$23!#'(!#-;5$23K;!('6$&1+2;#1%;!&+!&#'!J(0.Q!*#'('!#'!1;!5+-23!5.! 3-&.!&+!;'(E'!12!;16'2>'/!;#'!1;!>+0%'66'3!&+!;%'$G!-%Q!! ! D*1&#!&#'!J(0./!&#'('!1;!2+!&$6G127!5$>Gf!&#'('!1;!2+!71E127!.+-(!12%-&!D!$23!0.! #-;5$23!1;!E'(.!-;'3!&+!&#$&F!Z!0'$2!';%'>1$66.!$&!:';&!C+12&/!&++F!m'j;!;%'2&!#1;! *#+6'!61<'/!.+-!G2+*/!<(+0!#17#!;>#++6!+2/!5$;1>$66.!&$G127!+(3'(;!$23!&$G127! $2.!&#$&!>+0';!$&!#10/!$23!Zj0!0+('!+&<-6! 0$22'(!5-&!;&166/!.+-!G2+*F!! ! Z2!$2!12&'(';&127!('E'(;$6/!
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kk***F#++3F$(0.F016k8R;>'k$5+-&k%3<;kC+61>.N'&&'(a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
!6+71>/!1&!1;!%'(>'1E'3!$;!<$1('(!&+!6'&!&#+;'!*#+!*$2&!&+!3'<'23!&#'! ;&$&'!3+!;+!($&#'(!&#$2!<+(>127!'E'(.+2'!+(!;+0'!%+(&1+2!+'!&#+;'!*#+!E+6-2&''(!3+!;+/!#+*'E'(/!&#'.!$('!>+0%'66'3!&+!;&$23!5.!&#'1(!>#+1>'f! 1&!1;!31<<1>-6&!&+!'H1&!$!0161&$(.!>+2&($>&/!$23!'E'2!*#'2!&#'!>+2&($>&!'H%1(';/!&#'!J(0.!>$2!('&$12! $!;+631'(K;!;'(E1>'!-23'(!$!?;&+%[6+;;B!%+61>.F!J6+27;13'!
/!*1E';!$>>'%&!&#'!%'(16+-;! ('6$&1+2;#1%!&+!&#'1(!;+631'([#-;5$23;!&#(+-7#!&#'!13'$!&#$&!&#'.!<(''6.!$23!G2+*1276.!>#+;'!1&F! 42'!*1<'!'H%6$12;Q! ! Z!3+2K&!G!#'!p#'(!;+631'(q!*$2&;!&+!;$./!gh'$#/!&#'!J(0.!>+0';!5'<+('!.+-/! #+2'.FK!Z&!3+';2K&!;+-23!&++!7++3/!.+-!G2+*F!M-&/!.+-!G2+*/!Z!$0!$!('$61;&F!Z! G2'*!*#$&!Z!*$;!7'&&127!0.;'6

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 8e!Z2!&#'!2'H&!>#$%&'(/!*'!*166!;''!#+*!
!G123!+&;!&#'!E$6-';!++2&'0%+($(.!1231E13-$61_'3! 0$((1$7'/!12!*#1>#!%'(;+2$6!3'E'6+%0'2&!1;!0+('!10%+(&$2&!&#$2!%'(<+(0127!%(';>(15'3!(+6';!$23!<-6<166127!3-&1';! '2&$16'3!12!&#'0F!! ! "#$%&'(!)*+! ,-&./!"+001&0'2&/!$23!45617$&1+2! Le! P'7$(36';;!+#+1>'!<(''6.!0$3'!+5617$&';!;%+-;';!&+!&#'! ('6$&1+2;#1%!&+!&#'1(!#-;5$23;/!#1;!(+6'!$;!$!;+631'(/!&#'!J(0./!&#'!*$(/!$23!1&;!3$27'(;F! )#+-7#!;%+-;';!017#&!3';>(15'!&#'1(!('6$&1+2;#1%!$;!<(''6.!>#+;'2/!&#'.!G2+*!&#$&!&#'1(! ;+631'([#-;5$23;/!+2>'!#$E127!$7(''3!&+!;'(E'!&#'!0161&$(./!$('!5+-23!5.!6$*!&+!<-6<166!&#'1(! >+2&($>&F!Z$2!5'!10%(1;+2'3!$23/!12!$!&10'!+-&'3F!)#'1(!+5617$&1+2!&+!#10!$>>'%&;!
!;%'>1<1>!('6$&1+2;#1%!#'!#$;!&+!&#'!J(0.F! Z2!(';%+2;'!&+!&#'!S-';&1+2!$5+-&!&#'!'H%(';;1+2!?Z2!$2!J(0.!0$((1$7'/!&#'!J(0.!$6*$.;!>+0';! <1(;&/B!&#(''!;'%$($&'!*1E';!$2;*'(/!(';%'>&1E'6.Q!! ! D5-&!&#'!5+&&+0!612'!1;!`!#'!;172'3!$!>+2&($>&!<+(!;1H!.'$(;F!)#'!7+E'(20'2&! +*2;!#10!<+(!;1H!.'$(;F!A+!&#'('K;!2+!%+12&!12!0'!7'&&127!0$3F!! ! Z&K;!&+-7#!*#'2!.+-!('$66.!;&$(&!&+!6'$(2!&#$&!&#'!J(0.!>+2;13'(;!$!%'(;+2!1&K;! %(+%'(&.F!! ! h'$#/!$5;+6-&'6.!p&#'!J(0.!>+0';!<1(;&!12!$2!J(0.!0$((1$7'qF!Z!0'$2!61G'/!&#'.! >+-63/!#'!>+-63!5'!>#$(7'3!5'127!J:4N!pJ5;'2&!:1&#+-&!N'$E'q!1#+1>'/!&#'.!2+*!#$E'!2+!+&#'(!>#+1>'! 5-&!&+!;-%%+(&!#10F!! :#16'!
!6'7$6!+5617$&1+2!017#&!5(''3!$!G123!+>'%&$2>'/!1&!$6;+! -23'(;>+(';!&#$&!
!('6$&1+2;#1%/!61G'!&#'!0161&$(.!>+2&($>&!+(!>+001;;1+2!+(!'E'2!$!%(1;+2! ;'2&'2>'/!#$;!$!<121&'!&10'!6101&F!Z2!
!*$./!+5617$&1+2!1;!31<<'('2&!&#$2!3-&.!+(!>+001&0'2&Q!1&! 1;!;+0'!&#$&!>$2!5'!S-$2&1<1'3!$23/!12!5'>+0127!;+/!1&!>$2!5'!'23-('3F!J;!+2'!*1<'! 'H%6$12;Q! ! Z!#$E'!;$13!1&!U&#$&!&#'!J(0.!>+0';!<1(;&Y!0$2.!&10';/!$23!0.!#-;5$23!3+';2K&! $%%(+E'!+#!#'(!#-;5$23!>$2!6'$E'!&#'!J(0.!*1&#!$!<-66!%'2;1+2qF!)#$&K;!&#'!*$.!1&K;! 7+127!&+!5'F!! ! Z2!;-00$(./!+5617$&1+2!>+2>'%&-$66.!('<6'>&;!;+0'!+1<1>!&+!$!E+6-2&''(! J(0.F!:1E';!'0%#$;1_'!&#$&!&#'.!?;172'3!-%!<+(!
B!$23!&#$&!&#'.!G2'*!*#$&!&#'.!*'('! 7'&&127!12&+F!J&!&10';/!&#'.!$6;+!;''!&#'1(!#-;5$23;!$;!&#'!G123!+'!3$27'(/! $23!&#'.!('>+721_'!$2!+5617$&1+2!&+!;-%%+(&!#10!12!&#'!0161&$(.!$;!&#'!5';&!<1&!<+(!&#'!G123!++0'F!Z2!;->#!$!('6$&1+2;#1%/!&#'.!$6;+!'H%'>&!&+!?71E'!*#$&!&#'.! 7'&B!*1!$!6'7$6!<($0'*+(G!&#$&!12;-(';!6101&;!$23!('>1%(+>1&.F!:1&#!;->#!'H%'>&$&1+2;/!&#'.! ! "#$%&'(!)*+! ,-&./!"+001&0'2&/!$23!45617$&1+2! LX! ;''!&#'!#$(3;#1%;!+'!$;!$!0$&&'(!+$6>-6$&'3!'23-($2>'F!Z2!
!%'(;%'>&1E'/! &#'.!0$G'!;'2;'!++#'(';!$(+-23!2+&!+2'!5-&!&#(''!+E'([$(>#127!I-;&1<1>$&1+2;!`!!"#$/! %&''(#')*#!$23!&,-(./#(&*F!m$E127!;#+*2!23/#!*1E';!;$./!Z!2+*!%(';'2&!$2!$2$6.&1>$6! <($0'*+(G!*1&#!*#1>#!&+!-23'(;&$23!3&2!&#+;'!&#(''!>$&'7+(1';!>(1&1>$66.!31<<'(!<(+0!+2'! $2+&#'(F!!)#'!31<<'('2>';!5'&*''2!&#'!I-;&1<1>$&1+2;!'2>+0%$;;!E$(1$&1+2!&#$&!1;!10%+(&$2&!<+(!$! ;%+-;'!0$G127!;'2;'!++2<(+2&;!&#'!S-';&1+2;Q!8Y!T+(!*#+0!3+';!;#'!+<<'(!
!;-%%+(&=!Z;!1&!<+(! #'(;'6<=!T+(!#'(!#-;5$23=!T+(!&#'1(!<$016.=!T+(!&#'!2$&1+2=!4(!<+(!$2!'E'2!*13'(!>$-;'!61G'! 3'0+>($>.!=!4(!$2!'E'2!0+('!'H%$2;1E'!'2&1&.!(++&'3!12!#'(!('6171+-;!5'61'<;=!J23!LY!#+*! 0->#!*166!;#'!+<<'(!12!;-%%+(&!+(1<1>127!*1&#+-&! '23=!Z;!&#'('!$!6101&!&+!*#$&!;#'!*166!+<<'(!$23!'23-('=!! :#16'!;''01276.!;.2+2.0+-;/!3-&./!>+001&0'2&!$23!+5617$&1+2/!$;!I-;&1<1>$&1+2;/! %(+E13'!31<<'('2&!$2;*'(;!&+!&#';'!&*+!S-';&1+2;F!,-&.!10%61';!'236';;!'<<+(&!<+(!$!7('$&'(! >$-;'F!"+001&0'2&!$6;+!;-77';&;!$2!-26101&'3!*1661272';;!&+!;$>(1<1>'!5-&!<+(!$!2$((+*'(!+5I'>&! `!<+(!$!;%'>1<1>!6+E'3!+2'!+(!;0$66'(!>1(>6'!+1<1>$66.!>+001&&'3F! 45617$&1+2/!#+*'E'(/!'2&$16;!>6'$(!'H%'>&$&1+2;!++%'!+1%1'2&;F!"+0512127!&#'!&*+!S-';&1+2;!&+!<+(0!$H';!+1<1>1&.!+#!>+2>'%&-$6!>$&'7+(.!U;''!T17-('!8/!$&! '23!+#$%&'(YF!73$!;%+-;';!2''3!31<<'('2&!$2;*'(;!&+!&#';'!S-';&1+2;!5'>+0';!>6'$('(! *#'2!*'!>+2;13'(!&#'!;%'>1<1>!>+2&'H&;!$23!12&'($>&1+2;!+#$%&'(;F!m'('!*'!>+2;13'(!3&2!&#'!I-;&1<1>$&1+2;!31<<'(F! "+2;13'(127!&#'!7'2'($6!>+2&'H&;!+#!;%+-;';!$('! <+(0127!&#';'!I-;&1<1>$&1+2;/!1&!1;!2+&!;-(%(1;127!&#$&!&#';'!&*+!S-';&1+2;8+0&1+23&'!$23!3&2+ '"%3/!('<6'>&!+5;'(E'3!>#$27';!+>>-((127!*1!&#+;'!&*+!6$(7'(!;%#'(';F!)#';'!&*+!S-';&1+2;! >$%&-('!<-23$0'2&$6!316'00$;!<$>'3!12!5+&#!&#'!0161&$(.!$23!0$((1$7'!5(+$36.!$23!3(1E'!&#'! &($2;<+(0$&1+2!++0%$21+2$&'!&+! 1231E13-$61_'3!0+3'6U"#'(612!LaaW/!Laad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m'!1;!*166127!&+!%(+E13'!*#$&'E'(!$0+-2&!+'!('S-1(';F!@23'(!&#'!+>>-%$&1+2$6!0+3'6/!&#'!;'(E1>'!0'05'(!1;/!12!>+2&($;&/$! ?;%'>1$61;&B!*1&#!;%'>1<1'3!(';%+2;15161&1';!$23!$('$;!++0%'&'2>.!UV+;G+;!8WXXQ8^YF!m'! %(+E13';!&#'!$0+-2&!+(1%&1+2F!! ! i-;&!$;!&#'!;%'>1<1>1&.!+1<1'3!12!*#$&!*1E';!;$./!12!&#'!>+2>'%&;!++001&0'2&!$23! +5617$&1+2/!E$(1';F!A1016$(!&+!&#'!12;&1&-&1+2$6!$(0./!3-&.!$23!>+001&0'2&!10%6.!&#$&!&#'('!1;!2+! '23!&+!*#$&!$!*1<'!*+-63!3+!&+!;-%%+(&!#'(!#-;5$23F!J;!+2'!*1<'!'H%6$12'3!*#'2!$;G'3!1+-2&(./!;#'!3+';!2+&!G2+*!#+*!0->#! '<<+(&!*+-63!<-6<166!'1&#'(!#'(!;'2;'!++001&0'2&!&+!#'(!#-;5$23Q! ! @0/!2+F!Z!G!*'jE'!3+2'!6+&;/!5-&!.+-!G2+*/!1&j;!$!517!$210$6/!&#'!0161&$(./!$23! *#$&!*'j('!7+127!&#(+-7#!12!
!;&('&>#!+#!1;! '2+-7#!5-&!*'j('!2+&!3+2'F!m'j;!2+&!3+2'!$23!5'>$-;'!Z!#$E'!5''2!3($*2!12&+! &#'!>$%$>1&.!Zj0!12!2+*/!Zj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G!1&j;!10%+(&$2&!&+!;'&!'H%'>&$&1+2;!<+(!%'+%6'!$23!;&-<G';&!6'$(2127!6';;+2;DF)#'!J(0.!1;! 2+&!7+127!&+!;-7$(!>+$&!1&!$23!*+(G!('$66.!#$(3!&+!61G'!5$5.!&#'!<$0161';F!h+-! G2+*/!&#'.!3+!*#$&!&#'.!3+/!$23!0+;&!>+00$23'(;!&(.!&+!71E'!.+-!$;!0->#! 12<+(0$&1+2!$;!&#'.!>$2!$23!&(.!&+!5'!$;!$>>-($&'!$;!&#'.!>$2D! ! Z2!>'(&$12!>+2&'H&;/!$;!*166!5'!3';>(15'3!12!;-5;'S-'2&!>#$%&'(;/!>6'$(!'H%'>&$&1+2;!$('!2+&! $E$16$56'/!$23!1&!1;!#$(3'(!<+(!$!*1<'!&+!0$G'!;'2;'!+'!$23!&#'!%+;;15161&.!+$66'3! -%+2!&+!0$G'!&#'!?-6&10$&'!;$>(1<1>'/B!1&!1;!#$(3!&+!;''!#+*!;->#!$!5+-23'3!;'2;'!++-63!;-;&$12!$!0161&$(.!0$((1$7'!UV+;G+;!8WXXQ9YF!Z1<1'3!6101&;!$23!('>1%(+>$&1+2;/!+2'!*+-63!#$E'!&+!3'E'6+%!31;&$;&'<-6! 'S-$&1+2;!&#$&!$;;172!$!56++3!%(1>'!<+(!$!6+;&!61<'8X!Ur-122!LaaW/!s'661_'(!8WeWYF!!J&!+&#'(!&10';! $23!12!+&#'(!>+2&'H&;/!#+*'E'(/!*'!*166!;''!#+*!+5617$&1+2!1;!$&!&#'!>+('!+

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 8X!Z2!;'E'($6!12&'(E1'*;/!tL9a/aaa!*$;!0'2&1+2'3!$;!&#'!$0+-2&!+'1E'F!! ! "#$%&'(!)*+! ,-&./!"+001&0'2&/!$23!45617$&1+2! Ra! ;'2;'!+127!$!6+;;!&#$&!#$;!2+!;-5;&1&-&'/!2+!'S-1E$6'2&F! :1E';!$6;+!12E+G'!E$(1+-;!;+>1$6!('6$&1+2;#1%;!*#'2!I-;&1<.127!&#'1(!('6$&1+2;#1%!&+!$! #-;5$23!12!#$(0K;!*$.F!)#1;!$H1;!+&;!$! E$(1$56'!12!&#'!>#$27127!2$&-('!++0%$21+2$&'! $23!<12$66.!&+!1231E13-$61_'3!0$((1$7'/!&#'('!#$;!5''2!$!;->>';;1E'!2$((+*127!+1$6! ('6$&1+2;#1%;!'2>+0%$;;'3!12!0$((1$7'F!Z2;&1&-&1+2$6!0$((1$7'!6+>$&'3!$!>+-%6'!12!$!5(+$3'(! 2'&*+(G!+-6&-($6!'H%'>&$&1+2;F!"+0%$21+2$&'!0$((1$7'!<+>-;'3!+2!&#'!>+-%6'!1&;'6!6+E'F!T12$66.!1231E13-$61_'3!0$((1$7'!#$;!'0'(7'3!$;!$!<+(0!++%'!+1$6! ('6$&1+2;!10%61'3!5.!;%+-;';K!I-;&1<1>$&1+2;!E$(1';F!A1016$(!&+!12;&1&-&1+2$6!0$((1$7'/!3-&.!10%61';! $!>+22'>&1+2!&+!;+0'!;+>1$6!'2&1&.!7('$&'(!&#$2!$!;%'>1<1>!'0%6+.'(/!+2'K;!<$016.!+(!#-;5$23F!J;! +2'!*1<'!'H%6$12'3/!#$E127!$!#-;5$23!12!&#'!J(0.!*$;!$5+-&!5'127!%$(&!++%';!++0%$21+2$&'!0$((1$7'/!1;!0+;&6.!<+>-;'3!+2!&#'!>+-%6'/!$23!*#'2! 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a88U#&&%Qkk;1$3$%%F303>F+;3F016k%'(;+22'6kVZNZ)JPhk0;aF%3&1E'6./!#+*'E'(/! 12&'23'3!&+!3+!0+('!&#$2!3';>(15'!E$(1$&1+2F!)#'.!;+-7#&!&+!1231>$&'!$!31('>&1+2!+#$27'F!)#'! 2'H&!>#$%&'(!*166!3'0+2;&($&'!&#$&!&#'!I-;&1<1>$&1+2;!>+66'>&'3!<(+0!$(0.!;%+-;';!3+!2+&! ;-5;&$2&1$&'!&#'!%('31>&'3!0+E'0'2&;!&+*$(3!1231E13-$61_'3!0$((1$7'!$23!$2!+>>-%$&1+2$6! $(0.F! ! !+2A6-=1+2( ! Z2!
!>#$%&'(/!*'!#$E'!#'$(3!#+*!$(0.!*1E';!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
!;1&-$&1+2!$23!&#$&!;#'!+*';!2+!&+!$2.+2'!'6;'!$23! #$;!2+!+*'3!&+!#'(!&#$&!#$;!2+&!5''2!;%'>1<1'3F!:#'2!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G127/!&#'! >$&'7+(1';!&#$&!$(0.!*1E';!-;'!12!G127!$5+-&!&#'1(!('6$&1+2;#1%;!#$E'!5(+$3!;1721<1>$2>'F! T1(;&/!
!1;!$!>6'$(!>$;'!12!*#1>#!%'+%6'!3+!123''3!3'E'6+%!I-;&1<1>$&1+2;!12!&#'!?$<<'>&1E'! ('710'B!++0512$&1+2!+'F!:#'('!+5617$&1+2!12&(+3->';!*#$&!1;!;%'>1<1$56'!+(!%/-%"-/,-)!&+!I-;&1<.!!$!*1<'K;! ;-%%+(&!<+(!#'(!;+631'([#-;5$23/!&#'!+&#'(!&*+/!3-&.!$23!>+001&0'2&/!5-163!I-;&1<1>$&1+2;!-%+2! *#$&!1;!(*%/-%"-/,-)+:+$2!-2;%'>1<1'3!$0+-2&!+'!++0%6'&'!3';&(->&1+2F!Z2!;#+(&/!'E'2!*1!&#'!('$60!+$6>-6$56'/!%'+%6'! 3'E'6+%!I-;&1<1>$&1+2;FLa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G!12!&'(0;!+';;1E'!3'0$23;!$23!;'(E'!$;!$3E+>$&';!<+(!&#'1(!+&#'(*1;'!;16'2&/!;&+1>! #-;5$23;F!:#16'!&#';'!I-;&1<1>$&1+2;!$('!105-'3!*1&#!13'+6+71';/!&#'.!$('!0+('!>+0%61>$&'3! $23!3.2$01>!&#$2!;+0'!E1'*;!+#.!*+-63!#$E'!-;!5'61'E'F!! )#1(3/!&#';'!I-;&1<1>$&1+2;!;1721<1>$2&6.!E$(.!$6+27!$!;%'>&(-0!+(1<1>'F!)#'.!;''! &#'0;'6E';!$;!*166127!&+!0$G'!;$>(1<1>';!$23!;-%%+(&!&#'!;$>(1<1>'!0$3'!5.!&#'1(!#-;5$23;!12!&#'! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! La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G!12!&'(0;!++001&0'2&/!&#'.! -23'(;&$23!&#'1(!#$(3;#1%;!<+(!&#'!;$G'!+-;!+2!&#'!>+2;'S-'2>';!+#+1>';!$23!>6'$(6.!3'612'$&'3!('6$&1+2;!&#$&!&#'.!#$E'!1231E13-$66.!*1&#!+&#'(;!$23!&#'!J(0.F! )#'.!0$G'!;'2;'!+&6.!1;!'H%'>&'3!+'1E'!12!('&-(2F!:#16'!
!1231E13-$61;&!%'(;%'>&1E'!1;!;&(+27/!1&!1;!2+&!&#'!+26.! I-;&1<1>$&1+2!&#$&!$(0.!*1E';!3'%6+.F!)#'!2'H&!>#$%&'(!*166!'H%6+('!#+*!&#';'!I-;&1<1>$&1+2;!<$16! &+!>+2<1(0!%('31>&1+2;!+&$56'!&('23;!&+*$(3;!1231E13-$61;0!$23!?3'[12;&1&-&1+2$61_$&1+2/B! 12!'1&#'(!&#'!0161&$(.!+(!0$((1$7'F!A-5;'S-'2&!>#$%&'(;/!#+*'E'(/!*166!3'0+2;&($&'!&#$&! &#(+-7#!;%'>1<1>!12&'($>&1+2;!$23!>+2&'H&;!+'!$23!&10'/!*1E';!3+!&'23!&+!>+0'!&+!;%'$G! 0+('!12!&'(0;!++001&0'2&F! (

! "#$%&'(!)*+! ,-&./!"+001&0'2&/!$23!45617$&1+2! Rd! (

F17-'&(G( ! !

! "#$%&'(!)*+! ,-&./!"+001&0'2&/!$23!45617$&1+2! R9! !"#$%&'()"'&&( (*'+,(-./&01()".23.24(.2(%"&(!52%&6%(57(8.0%5'.9#:(#2;(<20%.%=%.52#:( !"#24&!

<2%'5;=9%.52(

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`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a/<'+!&#/0!1#$+6'A!9'!9*523!$20*!',%'1&!$!0#/-&!/+!&#'!<$25'0! &#$&!9/<'0!50'!&*!2'6/&/;$&'!$+3!I50&/-:!>'/+6!;$((/'3!&*!$!0*23/'(?!['!9*523!',%'1&!&#';!&*! $+30H!%*0/&/*+!/+!&#'!;/2/&$(:!2/='!$+:!*&#'(!1/?!! b50&!$0!J*0=*0!9*((/'3!$>*5&!&#'!1*+0'D5'+1'0!*-!&#/0!0#/-&!/+!<$25'0!-*(!0*23/'(0H! ;/00/*+!%'(-*(;$+1'A!9'!;/6#&!$0=A!9#/1#!<$25'0!@!*115%$&/*+$2!*(!/+0&/&5&/*+$2!@!9/22!050&$/+!$! 9/-'H0!05%%*(&!-*(!#'(!0*23/'(N#50>$+3!/+!$!&/;'!*-!9$(`![/22!1*+3/&/*+0!*-!9$(!M('N /+0&/&5&/*+$2/C'Oc!&#'!;/2/&$(:!$+3!>(/+6!&#'!1*+1'%&!*-!35&:!&*!&#'!-*('A!-*(!0*23/'(0!$+3!&#'/(! 0%*50'0`!Q(!#$<'!9/<'0!1*;'!&*!;$='!0'+0'!*-!&#'!3$+6'(0!&#$&!;/2/&$(:!0'((/+60!&*!&#'/(! -$;/2/'0!',1250/<'2:!/+!&'(;0!*-!1$2152$&'3!(/0=0!&$='+!/+!$+!*115%$&/*+$2!2$>*(!;$(='&`!)#(''! 3'1$3'0!$+3!&#(''!9$(0!2$&'(A!&*!9#$&!',&'+&!#$0!&#'!0#/-&!&#$&!J*0=*0!*>0'(<'3!/+!&#'!2$&'! GTXV0!&$='+!#*23!/+!&#'!2/<'0!*-!;/2/&$(:!-$;/2/'0`!4-!J*0=*0H!;*3'2!*-!&#'!*115%$&/*+$2!$(;:!/0! 1*(('1&A!9/<'0!9/22!0''!&#'!#$(30#/%0!$+3!3$+6'(0!&#':!-$1'!$0!1$2152$&'3!$+3!$11'%&$>2'!(/0=0A! 2/='!&#*0'!*-!$+:!*&#'(!*115%$&/*+?!)#':!9/22!;$='!0'+0'!*-!&#'!05%%*(&!&#':!*--'(!&#'/(!0*23/'(N #50>$+30!/+!&'(;0!*-!$!1#*/1'!&#':!;$3'!$+3!*-!$+!*>2/6$&/*+!&#':!$('!>*5+3!&*!-52-/22A!+*&!$0!$! 35&:!&*!&#'/(!1*5+&(:A!>5&!$!1*+&($1&5$2!$6('';'+&A!2$3'+!9/&#!>'+'-/&0!$0!9'22!$0!2/$>/2/&/'0?!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! c![#/2'!J*0=*0!0$9!$+!*<'(9#'2;/+6!&('+3!&*9$(3!*115%$&/*+$2/0;A!#'!3/3!+*&'!$!-'9!1*5+&'(N',$;%2'0!*-!9#$&! #'!1$22'3!M('N/+0&/&5&/*+$2/C$&/*+?O!Q+'!',$;%2'A!;'+&/*+'3!$>*<'A!/0!&#'!3'1/0/*+!&*!(*&$&'!&(**%0!&#(*56#!1*;>$&! $0!5+/&0!/+0&'$3!*-!/+3/'#$''+!$!6'+'($2!0#/-&!-(*;!$! 1*;%$+/*+$&'!&*!$+!/+3/'/+6!6**3!%(*2'!%$('+&0! E"#'(2/+!cVV^YX8GF?!4+!1*;%$+/*+$&'!;$((/$6'A!9#/1#!/&0'2-!05%'(0'3'3!$+!*23'(!;*3'2!*-! /+0&/&5&/*+$2!;$((/$6'!EL5(6'00!_!d*1='!GT^8A!1/&'3!>:!"#'(2/+!cVV^FA!%$(&+'(0!3'<'2*%'!/+&'+0'! 0'+&/;'+&$2!>*+30!&*!'$1#!*&#'(A!';%#$0/C/+6!&#'!(*;$+&/1!('2$&/*+0#/%!$&!&#'!1*('!*-!$! +512'$(A!($&#'(!&#$+!$+!',&'+3'3!-$;/2:?![/&#!$!0#/-&!&*9$(30!$+!/+3/'1*;'!;*('!-2',/>2'!$+3!*%'+!&*!+'6*&/$&/*+?!e$(&+'(0!3'(/<'! 0$&/0-$1&/*+!-(*;!M3'<'2*%;'+&!*-!&#'/(!*9+!0'+0'!*-!0'2-!$+3!&#'!',%('00/*+!*-!&#'/(!-''2/+60O! ($&#'(!&#$+!0$&/0-$1&/*+!-(*;!0511'00-522:!%2$:/+6!(*2'0!*-!9/-'A!;*&#'(A!#50>$+3A!*(!-$&#'(! E"#'(2/+!cVV^YX8cF?!! "*+0'D5'+&2:A!&#'!%($1&/1$2!/;%*(&$+1'!*-!;$((/$6'!3'12/+'3!9#/2'!/&0!0:;>*2/1! /;%*(&$+1'!(';$/+'3!/-!+*&!/+1('$0'3!E"#'(2/+!c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d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`!4-!;$((/$6'!0/6+/-/'0!&#$&!*+'!#$0!/&!&*6'&#'(A!;/6#&!050&$/+/+6!$!;$((/$6'!&*!$!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 7![#/2'!&#'!1$0'!*-!$(;:!9/<'0!#'2%0!50!',$;/+'!&#'!D5'0&/*+!*-!#*9!9'22!05/&'3!/+3/(*$3'(!0/6+/-/1$+1'A!%(*/2/&:A!$+3!0:;>*20! *-!%('0&/6'!$+3!0511'00?!! )$='+!&*6'&#'(A!9'!9*523!',%'1&!-(*;!&#'0'!;*3'20!*-!3'N/+0&/&5&/*+$2/C'3!;$((/$6'!$+3! &#'!;/2/&$(:A!&#$&!1*+&';%*($(:!K(;:!0%*50'0!9*523!;$='!0'+0'!*-!#$:!0$:/+6!0*;'&#/+6!2/='Y!! • 4&H0!$!I*>!2/='!$+:!*&#'(!I*>?! • )#'!3$+6'(0!#'!-$1'0!$('!(/0=0!9'!#$<'!$11'%&'3!/+!&#'!%'(-*(;$+1'!*-!$!I*>!9'!>*&#! 0/6+'3!5%!-*(?! • g*>*3:!*9'0!50!$+:&#/+6!;*('!&#$+!9#$&!9'!$6(''3!&*?! • ['!$('+H&!3*/+6!$+:&#/+6!;*('!&#$+!9#$&!9'!$6(''3!&*?! • 4&H0!/;%*(&$+&!-*(!#/0!*9+!0'2-N-52-/22;'+&!&*!3*!9#$&!#'!3*'0A!$+3!4!-/+3!/+!&#/0!;/2/&$(:! ;$((/$6'!&#'!*%%*(&5+/&:!&*!3'<'2*%!9#*!4!$;!$0!9'22?! • ['!$('!&#'!=/+3!*-!%'*%2'!9#*!$('!0&(*+6!'+*56#!$+3!0511'00-52!'+*56#!&*!-$1'!&#'0'! #$(30#/%0?! ! 4+!&#'!$+$2:0/0!>'2*9A!9'!',$;/+'!9#$&!$(;:!9/<'0!0$:!/+!('2$&/*+!&*!&#'0'!',%'1&$&/*+0?! .*9!3*!&#'/(!&#*56#&0!1*(('0%*+3!&*!3/--'('+&!;*3'20!*-!;$((/$6'!$+3!&#'!;/2/&$(:`!['!-/+3! &#$&!$2&#*56#!35&:A!1*;;/&;'+&A!$+3!*>2/6$&/*+!1*(('0%*+3!&*!&#'!1#$+6/+6!;*3'20!*-!&#'! ;/2/&$(:!E/+0&/&5&/*+$2A!1*;($3'0#/%A!*115%$&/*+$2F!$+3!;$((/$6'!E/+0&/&5&/*+$2A!1*;%$+/*+$&'A! /+3/2'!G^FA!+*!%$(&/152$(! 1*+1'%&!';'(6'3!$0!3*;/+$+&!/+!&#'!I50&/-/1$&/*+0!&#$&!;/2/&$(:!0%*50'0!$%%2:!&*!&#'/(! ('2$&/*+0#/%0?!!a/<'+!&#'!0#/-&!/+!;$((/$6'!$+3!&#'!;/2/&$(:!&*9$(30!/+3/2/6$&/*+?! .*9'<'(A!('0%*+3'+&0!0#$('3!*&#'(!9$:0!*-!&#/+=/+6!&#$&!;$&1#!*23'(!;*3'20!*-!>*&#! /+0&/&5&/*+0?!!!! ! )#?:&(@A(!#%&45'.&0(57(B=0%.7.9#%.52(!5''&0$52;.24(C.%"(D#'#;.4+0(57(>.:.%#',(E'4#2.F#%.52(#2;( >5;&:0(57(>#''.#4&( ( ! h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i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cVVG!$--'1&'3!#'(!-$;/2:?!Q+!&#$&!3$:A!#'(! #50>$+3!3'1/3'3!&*!I*/+!&#'!K(;:!g$&/*+$2!a5$(3?!\$&#'(!&#$+!'+2/0&!#'(0'2-A!&#/0!9/-'!1#**0'0! &*!0'(<'!#'(!1*5+&(:!>:!1$(/+6!-*(!#'(!0*23/'(!#50>$+3!$+3!&#'/(!1#/23('+Y!! ! 4!3/3+H&!&#/+=!j&*!I*/+!$-&'(!TPGGk!>'1$50'!4!9$0!$!;*;?!4!#$3!&9*!3$56#&'(0!$&! &#'!&/;'?!je$50'?k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`!4!3*+H&!=+*9?!4!3*+H&!&#/+=!:*5! 1$+!'<'(!3*!'+*56#!-*(!:*5(!1*5+&(:?!.$<'!:*5!3*+'!'+*56#!-*(!:*5(!1*5+&(:`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f<'(:*+'!$29$:0!0$:0A!l4!=+*9!#*9!:*5!-''2A!;:!#50>$+3A!9#'+!#'!6*'0!$9$:!*+! $!>50/+'00!&(/%A!/&!/0!#$(3H!$+3!/&H0!2/='A!l:'$#`!4H;!05('!/&!/0!#$(3!-*(!:*5A!>5&!:*5(! #50>$+3!/0!I50&!*+!$!>50/+'00!&(/%m!#'!/0!+*&!/+!$!9$(!C*+'?!n*5!6'&!&*!&$2=!&*!#/;! $+:!&/;'!:*5!9$+&!&*!$+3!#'!9/22!1*;'!#*;'!0**+?H!]*!%'*%2'!3*+H&!5+3'(0&$+3! &#$&m!&#':!&(:!&*!';%$&#/C'!9/&#!:*5A!>5&!&#':!1$+H&?!Q+2:!%'*%2'!&#$&!-/&!/+!&#$&! 0/&5$&/*+!E1$+F?! ! 4+!&#/0!2/6#&A!&#'!',%'(/'+1'!*-!$!;/2/&$(:!9/-'!/0!*+'!&#$&!1$+!*+2:!>'!0#$('3!9/&#!*&#'(!;/2/&$(:! 9/<'0?!4&!/0A!/+!&#/0!/+0&$+1'A!$0!3/<'(6'+&!-(*;!1/:!$!;/2/&$(:!%('0'+1'?! )#$&!/0A!0/+1'!&#'!'+3!*-!&#'!"*23![$(!$+3!&#'!1*+1'+&($&/*+!*-!$(;:!%*0&0!&*!$!-'9A!(5($22:! 2*1$&'3!;'6$N>$0'0A!&#':!;/6#&!2/<'!*--!%*0&!*(!M*+!&#'!'1*+*;:O!>5&!/+!&*9+0!&#$&!$('!;*0&2:!

! "#$%&'(!)#(''! "*+&',&!*-!./0&*(/1$2!$+3!4+0&/&5&/*+$2!"#$+6'! ^V! K(;:?8!K33/&/*+$22:A!0%*50'0!$+3!-$;/2/'0!0&/22!0'';!&*!>'!/+&'6($2!%$(&0!*-!/+0&/&5&/*+$2!2/-'!/+!&#'! $(;:A!&#*56#!/+!3/--'('+&!-*(;0!-(*;!9#$&!0%*50'0!*-&'+!1$22'3!&#'!MQ23!K(;:?OZ!)#'!*--/1'(0H! 9/<'0!125>0!9/&#!&#'/(!&'$!%$(&/'0!3/0$%%'$('3A!>5&!&#'!S$;/2:!\'$3/+'00!a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d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

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 8!W+2/='!('652$(!K(;:!-$;/2/'0A!g$&/*+$2!a5$(3!-$;/2/'0!3*!2/<'!$;/30&!%('3*;/+$+&2:!1/'!1*+0/3'('3!/+!&#'!+',&!1#$%&'(!*+!&#'!'--'1&!*-!1*+&',&!*+!I50&/-/1$&/*+?! Z![#'+!$0='3!/-!&#'!K(;:!9$0!9#$&!0#'!&#*56#&!/&!9*523!>'!>'-*('!;$((:/+6A!*+'!9/-'!3'01(/>'3!#'(!',%'1&$&/*+0! >$0'3!*+!&#'!/;$6'!*-!&#'!Q23!K(;:Y!M4!3/3!',%'1&!&#'!&/6#&!=+/&i4!3*+H&!=+*9!9#$&!:*5!1$22!/&i:*5!0''!/&!/+! ;*'2/'<'?!)#$&H0!&#'!*+'!;:!6($+3%$('+&0!9'('!/+?O!!

!

! ! "#$%&'(!)#(''! "*+&',&!*-!./0&*(/1$2!$+3!4+0&/&5&/*+$2!"#$+6'! ^G! )#'!/+0&/&5&/*+$2!-$;/2:!/0!$!%$&(/$(1#$2!*+'!9/&#!$!0&(*+6!-$;/2:!#'$3?!4+!&#'!',&'+3'3A! %$&(/$(1#$2!-$;/2:A!&#'('!/0!M%($1&/1$22:!1*;%2'&'!05>*(3/+$&/*+!*-!&#'!/+3/'(0!*-!&#'! -$;/2:!&*!&#'!$5&#*(/&:!*-!&#'!%$&(/$(1#O!EL5(6'00!$+3!d*1='!GT87Yc7F?!4+!&#'!/+0&/&5&/*+$2!-$;/2:! &#/0!05>*(3/+$&/*+!/+1253'0!&#'!'23'0&!0*+0A!'<'+!$-&'(!&#':!#$<'!'0&$>2/0#'3!&#'/(!*9+! #*50'#*230?!]/;/2$(2:A!/+!$!;/2/&$(:!-$;/2:A!&#'!%$&(/$(1#$2!-/65('!/0!+*&!$29$:0!&#'!0*23/'(N #50>$+3?!.'A!&**A!/0!05>*(3/+$&'!&*!&#'!$5&#*(/&:!*-!&#'!K(;:!6'+'($22:!$+3!#/0!1*;;$+3'(! 0%'1/-/1$22:?!g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d*1='!GT87Yc7F?!g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h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d*1='!GT87Yc7F?! J$+:!;/2/&$(:!-$;/2/'0A!6/<'+!#*9!*-&'+!&#':!('2*1$&'!$+3!&#'!9$6'0!$+3!>'+'-/&0!&#$&!1$+! 05%%*(&!$!0/+62'N9*(='(!-$;/2:A!3*!%'(-*(;!;$+:!*-!&#*0'!-5+1&/*+0!3*;'0&/1$22:?!K!+5;>'(!*-! &#'!/+&'(50/+'00'0!-(*;!&#'/(!#*;'0?!)#':!0'';! &*!0&(51&5('!('1('$&/*+$2!$1&/*(0!$('!3*/+6?![#'('!&#'!0*23/'(!*-!&#'!&($3/&/*+$2!$(;:!#$3!'<'(:!$0%'1&!*-!#/0!2/-'!&$='+! ! "#$%&'(!)#(''! "*+&',&!*-!./0&*(/1$2!$+3!4+0&/&5&/*+$2!"#$+6'! ^c! 1$('!*-!E#/0!-**3A!12*&#'0A!0#'2&'(A!#:6/'+'A!('1('$&/*+UFA!;$+:!*-!&#*0'!-5+1&/*+0!/+!&#'!$22! <*25+&''(!-*(1'!#$<'!0#/-&'3!&*!#/0!9/-'?X!f<'+!9#'+!('0*5(1'0!$+3!0'(2'!-*(! -$;/2/'0A!;$+:!*-!&#';!1#**0'!&*!3'12/+'!&#';?!.'('A!*+'!9/-'!',%2$/+0!&#'!0&(5662'!0#'! ',%'(/'+1'3!>'-*('!$22*9/+6!#'(0'2-!&*!50'!&#'!('0*5(1'0!$<$/2$>2'!&*!#'(!$+3!#'(!-$;/2:Y! ! 4!&#/+=!&#'('!/0!$!-/+'!2/+'!>'&9''+!Mg*A!4!1$+!3*!/&m!4!1$+!3*!/&O!$+3!&#'!*&#'(!%$(&! 6*/+6!M4!1$+H&?O!n*5!=/+3!*-!#$<'!&*!6/<'!/+!$!2/&&2'!$+3!6*!MQ=$:?!4!&#/+=!;:!=/30! $('!>'&&'(!/-!&#':!6*!&*!&#'!0/&&'(0!*(!&#'!3$:!1$('!-*(!$!1*5%2'!*-!#*5(0?O!n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b50&/-/1$&/*+0!>$0'3!*+!1*;;/&;'+&! 1*(('0%*+3!&*!;$+:!*-!&#'!1#$($1&'(/0&/10!*-!1*;%$+/*+$&'!*(!1*;%$+/*+0#/%!;$((/$6'?!"#'(2/+! *>0'(<'3!&#$&!('2$&/*+0#/%0!3'01(/>'3!>:!&#/0!/3'$2!&:%'A!2/='!&#*0'!3'01(/>'3!>:!/+0&/&5&/*+$2! ;$((/$6'!>'-*('!&#';A!9*523!$20*!-$3'!-(*;!0/6+/-/1$+1'!E"#'(2/+!cVV^YX^XF?!)#'!('0%*+0'0!*-! ;/2/&$(:!9/<'0A!#*9'<'(A!/+3/1$&'!&#$&!1*;;/&;'+&!>'&9''+!%$(&+'(0!/0!$+!*-&'+!#'$(3! I50&/-/1$&/*+!-*(!-$1/+6!&#'!3$+6'(0!*-!9$(?!! ]/;/2$(!&*!1*;%$+/*+0#/%!;$((/$6'A!1*;;/&;'+&!$0!$!I50&/-/1$&/*+!-*(!&#'!>*+3!>'&9''+! $!9/-'!$+3!#'(!0*23/'(!0#$('0!;$+:!$0%'1&0!*-!&#'!1*;($3'0#/%!>'&9''+!0*23/'(0?!!J*0=*0H! /+0&/&5&/*+$2P*115%$&/*+$2!;*3'2!*-!1#$+6'!/+!&#'!;/2/&$(:!2$1=0!$+!/+&'(;'3/$&'!1$&'6*(:!&#$&! 3'01(/>'0!/+&'+0'A!/+&'(%'(0*+$2!('2$&/*+0#/%0?!h($9/+6!-(*;!*&#'(!2/&'($&5('!1*+1'(+/+6!&#'! ;/2/&$(:A!&#'!;/332'!1$&'6*(:!*-!1*;($3'0#/%!>'0&!3'01(/>'0!$!;/2/&$(:!',%'(/'+1'!*(6$+/C'3! $(*5+3!0;$22!6(*5%0!&#$&!0#$('!0&(*+6!%'(0*+$2!$--/+/&/'0?!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! U!)#'!&'(;!a4!0&$+30!-*(!M6*<'(+;'+&!/005'AO!/+3/1$&/+6!&#$&!'<'(:&#/+6!&#'!0*23/'(!9*523!+''3!/0!%(*:!&#'! 6*<'(+;'+&?!! X!K!0&53:!*-!2$5+3(:!/+!&#'!;/2/&$(:A!2/='!>$(>'(/+6!/+!*&#'(!1*;;5+/&/'0!E]$+1#'CNb$+=*90=/!cVVXFA!9*523!('<'$2A! 6/<'+!&#'!%$(&/152$(!/;%*(&$+1'!*-!5+/-*(;0!/+!&#'!;/2/&$(:!0%#'('A!;$+:!/;%2/1/&!0*1/$2!('2$&/*+0!$+3!&#'/(! &($+0-*(;$&/*+0!*<'(!&/;'?!S*(!/+0&$+1'A!M05309*;'+AO!&#'!9*;'+!9#*!9$0#'3!12*&#'0!>:!3$:!$+3A!$11*(3/+6!&*! 0*;'A!!*--'('3!0',5$2!0'(:!+/6#&!&*!'$(2:!K;'(/1$+!0*23/'(0A!9'('!&#'!-/(0&!9*;'+!&*!>'!/005'3!;/2/&$(:! *(3'(0!>:!&#'!W]!K(;:A!2*+6!>'-*('!$+:!0%*50'0!9'('!*--/1/$22:!('1*6+/C'3!$0!$11*;%$+:/+6!&#'/(!#50>$+30!EK2&!_! ]&*+'!GTTGYcGF?! T!S*(&!b$1=0*+!#$0!-*5(!3$:!1$('!*(!M1#/23!3'<'2*%;'+&!1'+&'(0?O!S$;/2/'0!9/&#!3'%2*:'3!0*23/'(0!('1'/<'!-(''!#*5(0! '<'(:!;*+&#?!Q&#'(9/0'A!3$:!1$('!$&!&#'0'!+$&/*+$22:!$11('3/&'3!1'+&'(0!1*0&!2'00!&#$+!o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m!/&!/0!&#'!-5+3$;'+&$2!9$:!%$(&/1/%$+&0!5+3'(0&$+3!$+3!05(*+3A!9(*&'!S('53A!9*523!%*0'!+*&!*+2:!$! &#'*('&/1$2!>5&!$20*!$!%($1&/1$2!3$+6'(?Gc!K0![?.?\?!\/<'(0A!&('$&/+6!0#'22N0#*1='3!0*23/'(0!35(/+6! [*(23![$(!4A!3/01*<'('3Y! ! i;'+!*-!5+D5'0&/*+'3!>($<'(:!1*523!05115;>!&*!*<'(9#'2;/+6!-'$(!$+3!i!&#$&! &#'!;*0&!'--'1&/<'!;*&/<$&/*+!&*!*<'(1*;'!&#$&!-'$(!9$0!0*;'&#/+6!0&(*+6'(! &#$+!%$&(/*&/0;A!$>0&($1&!%(/+1/%2'0A!*(!#$&('3!*-!&#'!'+';:?!4&!9$0!&#'!2*<'!*-! 0*23/'(0!-*(!*+'!$+*&#'(!ED5*&'3!/+!K+3'(0*+!c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g$&/*+$2!a5$(3!$+3!$&!#/0!1/!$0!$!-/('-/6#&'(A!&#/0!9/-'! ',%2$/+0!9#:!0#'!/0!+*&!I'$2*50!*-!&#*0'!*&#'(!('2$&/*+0#/%0Y! !

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! GV!)#'!2$(6'0&!%(*%*(&/*+!*-!05(<':'3!]*23/'(0!>'2/'<'3!&#':!9'('!-/6#&/+6!&*!05(:!=''%/+6!9#$&!9'! #$<'!E+*&!3*;/+$&'!&#'!9*(23Fm!$+3!&#'+!&*!65$($+&''!3';*1($&/1!2/>'(&/'0!j]&*5--'(!'&!$2!GT8V!<*2!GY!^7^k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p0!2/<'0!/+!*5(!#$+30!$+3!9'!2'$(+'3!&*!0#$('!*5(!-'$(0A! *5(!#*%'0A!*5(!3('$;0!$0!('$3/2:!$0!9'!0#$('3!9#$&!2/&&2'!'20'!6**3!1$;'!*5(!9$:O!EJ**('!$+3!a$22*9$:!GTTcY! e(*2*65'F?!

Gc!M)#'!+'62'1&!*-!&#/0!2/>/3/+$2!-$1&*(!/+!$+!$(;:A!'<'+!9#'+!/&!/0!+*&!&#'!*+2:!-$1&*(!*%'($&/<'A!0'';0!&*!>'!+*&! ;'('2:!$!&#'*('&/1$2!*;/00/*+!>5&!$20*!$!%($1&/1$2!3$+6'(?O!ES('53!GT8TY7^F!

G7!Q+2:!8q!*-!K;'(/1$+!0*23/'(0!05(<':'3!35(/+6![*(23![$(!44!6$<'!M/3'$2/0&/1!('$0*+0O!$0!&#'/(!/+1'+&/<'0!&*!-/6#&! E]&*5--'(!'&!$2!GT^TYGVXF?!K+3!^Xq!0*;'&/;'0!*(!<'(:!*-&'+!&#*56#&!&#$&!9$(!M9$0!+*&!9*(&#!-/6#&/+6O!E]&*5--'(!'&! $2?!GT^TYG87F?!! ! "#$%&'(!)#(''! "*+&',&!*-!./0&*(/1$2!$+3!4+0&/&5&/*+$2!"#$+6'! ^^! e(*>$>2:!2'00!;'!&#$+!&#'!('0&!*-!&#'!9/<'0!>'1$50'!9'!#$<'!>''+!&*6'&#'(!-*(! 0*!2*+6A!9'!#$<'!>$0/1$22:!6(*9+!5%!&*6'&#'(?!.'!#$0!$!>*+3!9/&#!&#'!-/('-/6#&'(0! &#$&!#'!9*(=0!9/&#!$+3!#'!#$0!$!>*+3!9/&#!&#'!65:0!/+!&#'!5+/&!&#$&!#'!9*(=0! 9/&#A!>5&!9'!#$<'!>''+!>'0&!-(/'+30!-*('<'(!$+3!0&/22!$('m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m!4!3*+H&!=+*9! #*9!#*+'0&!&#':!$('!9/&#!50!$>*5&!9#:!9'!$('!/+!4($D!$+3!K-6#$+/0&$+m!j;:! #50>$+3k!#$0!$!I*>!$+3!#'H0!$!&**2!-*(!&#';A!>5&!4!=/+3!*-!0'%$($&'!&#'!&9*?!4! 3*+H&!2/='!*5(!%*2/1/'0!$&!$22?! ! 4+!&#/0!/+0&$+1'A!&#/0!9/-'!3/3!+*&!',%('00!$!0'+0'!*-!3*/+6!#'(!35&:!&*!05%%*(&!#'(!+$&/*+!$+3!/&0! 2'$3'(0m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p0!051#!$+!*%%*(&5+/&:!&*!>'!5+-$/&#-52?!f<'+!&#'! K(;:!N!4p<'!+'<'(!>''+!12*0'!&*!1#'$&/+6!>5&!4!1*523!0''!#*9!0*;'>*3:!1*523?! n*5!=+*9!2/='!4!6*&!&*!&#$&!%*/+&!2$0&!&/;'!j#'(!#50>$+3H0!2$0&!3'%2*:;'+&k! >'1$50'!*-!&#$&!0'1*+3!:'$(N2*+6!3'%2*:;'+&?!4-!4!('$22:!9$+&'3!&*!3*! 0*;'&#/+6A!4!1*523!3*!/&A!0*!'$0/2:!(/6#&!+*9!$+3!4!3/3+p&?!K+3!5;A!0*!4!&#/+=!>'/+6! 1*;;/&&'3!&*!:*5(!;$((/$6'!j/0!9#$&!/&!&$='0!&*!>'!$!6**3!$(;:!9/-'k?! ! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! G^!4+!&#/0!9$:A!1*;($3'0#/%!/0!3/--'('+&!-(*;!&#'!>(*$3'(!/3'+&/-/1$&/*+!9/&#!&#'!'+&/('!K(;:!/;%2/'3!/+!35&:!$+3! &#'!<$25'0!*-!&#'!/+0&/&5&/*+$2!;/2/&$(:!EJ*0=*0!GTXXY!GZF?!4+!&#'!+',&!1#$%&'(A!9'!9/22!0''!&#$&!/+!&#'!1*+&',&!*-!&#'! ;/2/&$(:!%*0&A!0*23/'(0!1$+!0*;'&/;'0!2$1=!$+:!0'+0'!*-!35&:!*(!1*;;/&;'+&!&*9$(30!*&#'(!0*23/'(0!9#*;!&#':!3*! +*&!=+*9?!! ! "#$%&'(!)#(''! "*+&',&!*-!./0&*(/1$2!$+3!4+0&/&5&/*+$2!"#$+6'! ^8! d/*+30!*-! 1*;($3'0#/%!$+3!9#*0'!&($/+/+6!$+3!%(*-'00/*+$2!3/01/%2/+'0!('052&!/+!$!5+/-*(;/&:!*-! $%%'$($+1'A!*+'!1$+!('1*6+/C'!&#'!&';%&$&/*+0!&*!-/+3!05>0&/&5&'0!-*(!$+!$>0'+&!%$(&+'(?! 4-!$+!$(;:!9/-'!#$0!$!2'6/&/;$&'!*%%*(&5+/&:!-*(!#'(!1*;;/&;'+&!&*!>'!',&'+3'3!>':*+3! I50&!#'(!*9+!#50>$+3!$+3!1#/23('+A!/&!9*523!>'!#'(!1*;;/&;'+&!&*!&#'!;/2/&$(:!2/-'!0&:2'!@!&*! &#'!;/2/&$(:!/+0&/&5&/*+0A!%($1&/1'0!$+3!<$25'0!&#$&!0#'!'+I*:0!$0!$+!'+3!/+!&#';0'2<'0?! g5;'(*50!0%*50'0!('1*6+/C'3!#$'-*('!;$((:/+6!&#'/(!#50>$+30?!K0!*+'!9/-'!0#$('3Y! ! i4!$29$:0!9$+&'3!&*!>'!$!1$(3!1$((/'(A!:*5!=+*9!2/='!0*;'*+'!9#*!1*523! $1&5$22:!6'&!*+!%*0&!9/&#!$+!4?h?!1$(3!$+3!0&5--i?/&!-'2&!2/='!4!9$0!*+!&#'!-(/+6'!*-! >'2*+6/+6!&*!&#'!;/2/&$(:?!]*A!4!&#/+=!&#'('!9$0!$+!$0%'1&!9#'('!/&!9*523!#$<'! >''+!1**2!&*!>'!*--/1/$22:!$--/2/$&'3?! ! )#/0!9/-'!2/='3!&#'!/3'$!*-!>'/+6!%$(&!*-!&#'!;/2/&$(:!'<'+!>'-*('!;''&/+6!#'(!15(('+&!#50>$+3A! +*&!>'1$50'!*-!&#'!K(;:H0!;/00/*+!*(!6('$&'(!%5(%*0'!>5&!*5&!*-!$+!$&&($1&/*+!&*!/&0!9$:!*-!2/-'?! ! S('D5'+&!;*<'0!&*!(';*&'!$+3!'<'+!0*;'&/;'0!-*('/6+!35&:!0&$&/*+0!/0!$+*&#'(! $0%'1&!*-!&#$&!9$:!*-!2/-'!$+3!$!1*;;/&;'+&!&*!/&!&#$&!1*+&($0&0!9/&#!$0%'1&0!*-! /+0&/&5&/*+$2!;$((/$6'?!g5;'(*50!/+&'('1$;'!$!(*;$+&/1!'01$%'!-(*;!&#'!%('005('0! $+3!('0&(/1&/*+0!*-!$!>(*$3'(!=/+0#/%!1*;;5+/&:!$+3!$+!*%%*(&5+/&:!&*!-*150!*+!&#'! ('2$&/*+0#/%!$&!&#'!#'$(&!*-!$!1*;%$+/*+0#/%!;$((/$6'?! K+*&#'(!9/-'!%(*'+'-/&0!*-!&#'!;/2/&$(:!2/-'!0&:2'!&#$+!&*!&#'!;/2/&$(:!;/00/*+! /+!9#/1#!&#'/(!0*23/'(0!$('!/+<*2<'3?![#'+!0#'!-/(0&!;*<'3!&*!S*(&!b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f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p&!&#/+=!&#'('p0!$+:&#/+6!&#$&!:*5p('!>*(+!9/&#A!:*5!=+*9A!&#$&!;$='0!:*5! ;*('!$>2'!&*!j#*23!$!;/2/&$(:!;$((/$6'!&*6'&#'(kA!>5&!4!&#/+=!/&!('$22:!1*;'0!3*9+! &*A!2/='A!&*A!&*!&$=/+6!:*5(!9'33/+6!<*90!0'(/*502:?! ! J*('!0%'1/-/1$22:A!L5(6'00!$+3!d*1='!3'01(/>'3!&#'!%'(;$+'+1'!*-!1*;%$+/*+0#/%! ;$((/$6'!$0!3'%'+3/+6!*+!M&#'!&'+5*50!>*+30!*-!$--'1&/*+A!&';%'($;'+&$2!1*;%$&/>/2/&:A!$+3! ;5&5$2!/+&'('0&0O!EGT87Yc^F?!)#'0'!$('!$0%'1&0!*-!$!('2$&/*+0#/%!&#$&!$('!/+&'(+$2!&*!/&Y!$0!2*+6!$0! &#':!('$22:!2*<'!'$1#!*&#'(A!&#':!1$+!=''%!/&!&*6'&#'(!&#(*56#!$+:&#/+6?!)#/0!/0!$!0'+&/;'+&! *--'('3!$&!&/;'0!>:!;$+:!0%*50'0?!a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cVV^YX8GF?! 4+!&#$&!(*2'A!'$1#!;';>'(!3*'0!&#'/(!%$(&!9/&#!$+!5+>*5+3'3!0'+0'!*-!2*:$2&:!@!9/22/+6!&*!3*! 9#$&'<'(!&#':!;50&!$0!9/-'A!#50>$+3A!%$('+&!*(!1#/23?!W+2/='!35&:!$+3!/+0&/&5&/*+$2!;$((/$6'A! 1*;;/&;'+&!$+3!1*;%$+/*+0#/%!;$((/$6'!/;%2:!0%'1/-/1!(*2'0!$+3!0%#'('0m!'--*(&!/+!&#*0'!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 2'<'2!*-!#*((*(!/+!&#/0!*(!&#$&!'%/0*3'!>5&!9#$&!/0!#$%%'+/+6!&*!&#'!/+&'(%'(0*+$2!>*+30!*(A!$0!4!1$22!/&!#'('A!&#'! 1*;($3'0#/%A!&#$&!#$<'!#'('&*-*('!;$3'!&'((/-:/+6!'<'+&0!&*2'($>2'!ES('53!GT8TY7ZF?! ! "#$%&'(!)#(''! "*+&',&!*-!./0&*(/1$2!$+3!4+0&/&5&/*+$2!"#$+6'! ^U! 0%#'('0!/0!5+>*5+3'3?!W+3'(!1*;;/&;'+&!$+3!9/&#/+!$!1*;%$+/*+$&'!;$((/$6'A!$+!$(;:!9/-'! 9/22!3*!9#$&'<'(!0#'!+''30!&*!*5&!*-!$!('2$&/*+0#/%!&*!#'(!#50>$+3!$+3!-$;/2:m!0#'!3*'0!+*&! 0'(<'!&#'!;/2/&$(:!*(!&#'!+$&/*+!$2*+60/3'!#'(!#50>$+3?!['!9/22!0''!#*9!%(*>2';0!/+!&#/0! 1*;;/&&'3!%$(&+'(0#/%!';'(6'!9#'+!&#'!#50>$+3!/0!$>0'+&!*+!3'%2*:;'+&!$+3!#/0!9/-'! $005;'0!#/0!0%'1/-/1!(*2'?!! S(*;!&#'!*5&0'&A!1*;;/&;'+&A!$0!$!I50&/-/1$&/*+!-*(!;/2/&$(:!;$((/$6'A!3*'0!+*&!;$&1#! $+*&#'(!$0%'1&!*-!1*;%$+/*+0#/%!;$((/$6'Y!3';*1($&/1!3'1/0/*+!;$=/+6?!K11*(3/+6!&*!L5(6'00! $+3!d*1='!EGT87Yc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m!$!;$((/$6'!&#$&!$3<$+1'0!&#'!*<'($22!3'<'2*%;'+&!$+3! #$%%/+'00!*-!&#'!/+3/2/6$&/*+!$0!$!1$&'6*(:!*-!&#/+=/+6!/;%2/'0!12'$(!',%'1&$&/*+0!9/&#!0%'1/-/'3!&$0=0! $+3!+'6*&/$&'3!$;*5+&0!*-!'--*(&A!2/='!&#'!1*+3/&/*+0!*-!';%2*:;'+&!/+!&#'!+'9!$(;:?!K+3!2/='! &#'!1#$($1&'(/0&/10!*-!/+3/*5&!&#'!*>2/6$&/*+!*-! #50>$+30!$+3!9/<'0!&*!'$1#!%$(&+'(H0!/+3/:!;$(='&!%(/+1/%2'0!9/&#!$!1*('!$005;%&/*+!&#$&!M+*! $+$2:&/1$2!3/0&/+1&/*+!',/0&0!>'&9''+!&#'!;/2/&$(:!$+3!*&#'(!0:0&';0A!/+!%$(&/152$(A!+*!3/--'('+1'!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! GU!]*;'!9/<'0!12'$(2:!+*&'!&#$&!>'/+6!/+!$!;/2/&$(:!;$((/$6'!('2/'<'0!1*5%2'0!*-!#$5:!$!#*50'A!9#/1#!+'/6#>*(#**3!&*!0'&&2'! /+A!$+3!0&5--!2/='!&#$&?!)#'!K(;:!/0!6*/+6!&*!3'1/3'!9#'('!9'!2/<'!$+3!%('&&:!;51#!9#$&!#*50'!9'!9/22!>'!/+?O!!! ! "#$%&'(!)#(''! "*+&',&!*-!./0&*(/1$2!$+3!4+0&/&5&/*+$2!"#$+6'! ^X! >'&9''+!1*0&N'--'1&/<'+'00!$+$2:0/0!*-!1/$0'3A!/+! &#'!-*(;!*-!0$2$(/'0!$+3!>*+50'0A!$+3A!$0!051#A!/0!1*;%$('3!&*!2'<'20!*-!1*;%'+0$&/*+!-*(! 0/;/2$(!-*(;0!*-!9*(=!3*+'!/+!&#'!1/'#*23'+!&*!;/2/&$(:! 2$90!*(!1*3'0?!! [#'+!9/<'0!0$:A!9#/1#!&#':!3*!*-&'+A!&#$&!&#'!K(;:!/0!$!I*>!I50&!2/='!$+:!*&#'(!I*>A!&#':! ('$--/(;!&#/0!+*&/*+!*-!&#'!K(;:!$0!$+!*115%$&/*+!$+3!&#'/(!1*++'1&/*+!&*!&#'/(!0*23/'(N #50>$+30!$0A!9#$&!4!#$<'!1$&'6*(/C'3!#'('A!$+!"80.9,-."/?!4+!&#'0'!/+0&$+1'0A!&#':!5+3'(0&$+3! &#'/(!/+<*2<';'+&!9/&#!&#'!K(;:!$0!&#'!('052&!*-!1#*/1'0!&#':!#$<'!/+3//2/&:!-*(!&#'! 1*+0'D5'+1'0!*-!&#/0!3'1/0/*+?!4-!&#':!'+35('!#$(30#/%0!$+3!-$1'!5+1'(&$/+&/'0!$+3!(/0=0!*-!2*00A! &#':!3*!0*!+*&!*5&!*-!'/&#'(!$!0'+0'!*-!35&:!&*!$!6('$&'(!'+&/&:!*(!%$00/*+$&'!1*;;/&;'+&!&*! &#'/(!;$(/&$2!5+/*+A!>5&!>'1$50'!M&#/0!/0!9#$&!4!0/6+'3!5%!-*(?O!K0!*+'!9/-'!',%2$/+'3Y! ! 4!&#/+=!%'*%2'!9#*!'+&'(!&#'/(!;$((/$6'!<'(:!$9$('!*-!9#$&!&#':p('!3*/+6i!4! &#/+=!&#$&p0!&#'!&:%'!*-!9*;$+!&#$&!9*(=0!/+!&#'!K(;:?![#*p0!2/='A!0*;'*+'! 9#*A!9#*!6'&0!;$((/'3!+*&!I50&!>'1$50'!0#'!6*&!=+*1='3!5%!*(!+*&!I50&!>'1$50'! &#':p<'!>''+!3$&/+6!-*(!0/,!;*+�!$+3!&#':p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m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cVFA!&#'!$3<*1$1:!%'(-*(;'3!>:!&#'! 6(*9/+6!+5;>'(!*-!$(;:!9/<'0!/0!$+!/+3/1$&*(!*-!&#'!';'(6'+&!$(;:N$0N*115%$&/*+?!J$+:! ! "#$%&'(!)#(''! "*+&',&!*-!./0&*(/1$2!$+3!4+0&/&5&/*+$2!"#$+6'! ^T! ('0%*+3'+&0!('1*5+&'3!&#'!0&*(:!*-!&#'!0%*50'!9#*!('%*(&'3!#'(!#50>$+3H0!1*;;$+3'(!&*!&#'! 4+0%'1&*(!a'+'($2!-*(!'1$;'!$!-522N&/;'!$3<*1$&'!-*(!*&#'(!0*23/'(0! 9#*;!0#'!-'2&!9'('!>'/+6!3'+/'3!;'3/1$2!3/01#$(6'0!&#$&!&#':!3'0'(<'3?GX!.'(!$3<*1$1:A!0#'! >'2/'<'3A!2'3!&*!%(*>2';0!-*(!#'(!#50>$+3!9/&#!#/0!1*;;$+3!$+3A!/+!&5(+A!3/--/152&/'0!/+!&#'/(! ;$((/$6'A!*+'!*-!$!#$+3-52!&#$&!'+3'3!/+!3/<*(1'!*<'(!&#'!1*5(0'!*-!&#/0!0&53:?! b50&!$0!*>2/6$&/*+!/;%2/'0!=+*9/+6!9#$&!&#'!K(;:!$+3!&#'/(!#50>$+30!*9'!&#';A!/&! >(/+60!9/&#!/&!=+*92'36'!*-!9#$&!&#':!*9'!$0!;/2/&$(:!0%*50'0?!J$+:!0%*50'0!0%*='!*-!&#'! 05%%*(&!&#':!*--'('3!$0!$+!*>2/6$&/*+A!%$(&/152$(2:!9#'+!&#':!0%*='!*-!/&!/+!&'(;0!*-!0%'1/-/1! ',%'1&$&/*+0A!$0!9'22!$0!&$0=0!$+3!('0%*+0/>/2/&/'0!12'$(2:!%('01(/>'3!>:!&#'/(!%*0/&/*+?!d/='!&#'! 0*23/'(!/+!&#'!$(;:N$0N*115%$&/*+A!&#':!0''!9#$&!&#':!#$<'!&*!3*!$0!0%'1/-/'3!/+!/&0!05>0&$+1'! $+3!D5$+&/&:?!)#/0!/0!*-&'+!/+!3/('1&!*%%*0/&/*+!&*!&#*0'!*&#'(!&'+3'+1/'0!*-!&#'!K(;:A! %$(&/152$(2:!/+!/&0!/+0&/&5&/*+$2!$+3!M6(''3:O!E"*0'(!GTU^F!-*(;0A!9#/1#!3';$+3!$+!5+2/;/&'3! 1*+&(/>5&/*+!-(*;!$22!/&0!;';>'(0A!5+/-*(;'3!$+3!*&#'(9/0'A!0*23/'(!$+3!0%*50'?! d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cVV^YX8cF?!)#'!-*150!*-!051#!$!%$(&+'(0#/%!/0!*+!#*9!9'22!/&!1*+&(/>5&'0!&*!&#'!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! GX!)#'!>'0&!$(&/152$&/*+!*-!&#/0!$3<*1$1:!(*2'!&#$&!4!#$<'!#'$(3!/0!/+!&#'!3*15;'+&$(:!MQ--!&*![$(Y!S(*;!\5($2! K(=$+0$0!&*!4($DO!E\':+$53!_!\':+$53!cVV8F!$>*5&!$!2*1$2!K(=$+0$+!g$&/*+$2!a5$(3!5+/&!!'%/0*3'!$>*5&!9*5+3'3! 0*23/'(!9#*!('&5(+0!$+3!+'<'(!1*;%2$/+0!$+3!9/-'!'+30!5%!#$/&1#!! ! "#$%&'(!)#(''! "*+&',&!*-!./0&*(/1$2!$+3!4+0&/&5&/*+$2!"#$+6'! 8V! 3'<'2*%;'+&!*-!/&0!/+3/'(0?GT!)#'('!/0!+*!*>2/6$&/*+!&*!$!('2$&/*+0#/%!&#$&!#*230!$! 0%*50'!>$1=!-(*;!#/0!*(!#'(!-5(&#'0&!$1#/'<';'+&0!*(!#/6#'0&!3'6(''!*-!#$%%/+'00?!Q>2/6$&/*+!/0! &*!9#$&'<'(!;*<'0!'$1#!%$(&:!$2*+6!/+!&#'/(!*<'($22!&($I'1&*(:!*-!0511'00!$+3!-52-/22;'+&Y!&#'! 0'+0'!/0!&#$&!M'$1#!%'(0*+!0#*523!3'<'2*%!$!-52-/22/+6A!/+3'%'+3'+&!0'2-!/+0&'$3!*-!;'('2:! 0$1(/-/1/+6!*+'0'2-!&*!*+'H0!%$(&+'(O!E"#'(2/+!cVV^YX8cF?!)#'!I50&/-/1$&/*+0!&#$&!$(;:!0%*50'0! *--'(!-*(!05%%*(&/+6!&#'/(!#50>$+30!('-2'1&!$0%'1&0!*-!/+3/'1$50'!&#':!>'2/'<'!0$1(/-/1'!/0!+'1'00$(:!-*(!$!2$(6'(!1$50'!E35&:F!*(!-*(!&#'!-$;/2:! E1*;;/&;'+&FA!>5&!>'1$50'!&#':!9$+&!&*!05%%*(&!&#'/(!#50>$+3H0!'+I*:;'+&!*-!#/0!9*(=?! ]%*50'0!0%*='!*-!&#'/(!#50>$+30H!%$00/*+!-*(!(/0=!&$=/+6!$+3!',1/&';'+&A!051#!$0!-2:/+6! #'2/1*%&'(0!/+!3$+6'(*50!0/&5$&/*+0A!(/3/+6!;*&*(1:12'0A!*(!*&#'(!&#(/22/+6!>5&!(/0=:!%5(05/&0?! f<'+!/-!&#'0'!%5(05/&0!9*523!&';%*($(/2:!*(!'<'+!%'(;$+'+&2:!&$='!#/;!$9$:!-(*;!#'(!$+3! &#'/(!1#/23('+A!0#'!$11'%&'3!&#';!*5&!*-!$+!$%%('1/$&/*+!*-!&#'!=/+3!*-!%'(0*+!#'!+''30!&*!>'! $+3!&#'!1$(''(!&($I'1&*(:!#'!/0!%5(05/+6?!K0!*+'!0%*50'!',%2$/+0!9#'+!$0='3!/-!0#'!1*523!0''!#'(! #50>$+3!3*/+6!$+:!*&#'(!=/+3!*-!9*(=Y! ! g*?!.'!9*523!#$<'!&*!#$<'!$!6**3!('$0*+?!4!1*523!+'<'(!'<'(!0''!#/;!2'$<'!/&?!4! I50&!1$+H&!0''!#/;!3*!/&?!.'!9*(='3!&**!#$(3A!-*(!&**!2*+6!&*!3*!/&?!f<'+!&#'! &($+0-'(!-(*;!&#'!"*$0&!a5$(3!&*!&#'!g$&/*+$2!a5$(3!5+/&!&**=!&#(''!:'$(0!$+3! #'!$2;*0&!3/3!0$:A!l4H;!I50&!6*/+6!&*!-/+/0#!;:!&/;'!*5&!*-!&#'!"*$0&!a5$(3A!4H;! 6*/+6!&*!;/00!3'%2*:;'+&!$+3!4!$;!I50&!6*/+6!&*!#$<'!&*!2/<'!9/&#!/&?H!K+3!4!&*23! #/;A!ln*5!$('!$>0*25&'2:!+*&!6*/+6!&*!3*!&#$&A!:*5!$('!6*/+6!&*!=''%!%50#/+6!/&?H! K+3!#'!0$/3A!lL5&!4!3*+H&!9$+&!&#/0!&*!>'!#$(3!*+!:*5!65:0H!>'1$50'!#'!9$0!('$22:! 6'&&/+6!0&('00'3!$>*5&!6'&&/+6!&#/0!&($+0-'(!3*+'A!$+3!4!0$/3A!ln*5!+''3!&*!3*!/&?! n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d$('$5!c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m!($&#'(A!&#':!$('! -/+3/+6!$+!*%%*(&5+/&:!&*!%(*<'!&#':!1$+!3*!/&!*+!&#'/(!*9+?cG!J/2/&$(:!;$((/$6'0!3/--'(!-(*;!&#'! /3'$2!&:%'!/+3/2/6$&/*+0!&*!M<*25+&''(O!-*(!#'(!#50>$+3H0!5+/&!;$='!>'/+6!$+!$(;:!9/-'!M&#'!&*56#'0&!I*>!/+! &#'!$(;:?O! 4-!/+3/'1$50'!*-!$!0&(*+6! 1*;%*+'+&!*-!',%2/1/&!1*;;5+/1$&/*+A!+'6*&/$&/*+A!$+3!-2',/>/2/&:!E"#'(2/+!cVV^YX8c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m!$&!*&#'(!&/;'0!&#':!9*523!($&#'(!+*&!=+*9!$+3!&#'/(! #50>$+30!%('-'(!+*&!&*!0#$('?!)#/0!<$(/$&/*+!/+!*%'++'00!1*(('0%*+30!&*!0#/-&0!/+!&#'! =/+30!*-!I50&/-/1$&/*+0!9/<'0!50'!&*!;$='!0'+0'!*-!&#'/(!/;%'(/2'3!('2$&/*+0#/%0?! Q>2/6$&/*+!$0!$!I50&/-/1$&/*+!-*(!;/2/&$(:!;$((/$6'!('-2'1&0!&#'!-*150!*-! /+3/'!$!5+/*+!&#$&!#'2%0!'$1#!%$(&:!%5(05'!&#'/(! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! cV!)#*0'!9/<'0H!$11'%&$+1'!*-!&#'/(!#50>$+30!$0!&#(/22N0''=/+6A!(/0=N&$=/+6A!3$+6'(N-$1/+6!;'+!9$0!+*&!%$(&!*-!&#'/(! /;$6'!*-!9#$&!$22!;'+!0#*523!>'?!"*+0'D5'+&2:A!/&!9$0!+*&!$+!',&'+0/*+!*-!152&5($2!',%'1&$&/*+0!*-!;$0152/+/&:?!4-! &#'('!/0!$+!',&'(+$2A!152&5($2!/;$6'!$&!9*(=!#'('A!/&!/0!&#$&!M('$2!;'+O!%5&!&#'/(!9/<'0!$+3!-$;/2/'0!-/(0&?!n*5+6!;'+A! >*:0!9/&#*5&!9/<'0!$+3!1#/23('+A!0#*523!>'!-2:/+6!#'2/1*%&'(0A!3*36/+6!>522'&0A!%$($1#5&/+6!*5&!*-!%2$+'0A! &($<'(0/+6!-*('/6+!;*5+&$/+0?!K22!*-!&#'0'!9*;'+!#$3!&*!;$='!0'+0'!*-!+*&!#$$+3!9#*!/+!0*;'! 9$:0!3/3!+*&!$1&!2/='!$!#50>$+3?!)#':!3*!0*!/+!9$:0!-$(!;*('!/+&'('0&/+6!$+3!1*;%2',!&#$+!&#'!0/;%2'!$11'%&$+1'! *-!6'+3'('3!',%'1&$&/*+0?!! cG![(/&/+6!*+!&#'!;/2/&$(:!-$;/2:A!['1#02'(N]'6$2!EGTXXYXZF!%*/+&0!*5&!&#$&!M0'%$($&/*+0!$20*!#$<'!%*&'+&/$22:! >'+'-/1/$2!'--'1&0?!)#':!$22*9!-*(!/+3/*(!-*(1'?!! ! "#$%&'(!)#(''! "*+&',&!*-!./0&*(/1$2!$+3!4+0&/&5&/*+$2!"#$+6'! 8c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c8A!"#'(2/+!c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

! "#$%&'(!)#(''! "*+&',&!*-!./0&*(/1$2!$+3!4+0&/&5&/*+$2!"#$+6'! 87! !

! ! ! ! !

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`*2?*2!\!F**7!OPVVR6!&#'! W$&.*0$/!N+$(7!.2!-*=%(.2'7!*9!%$(&U&.='!-.&.J'0U2*/7.'(2!$07!.2!7(.5'0!@>!.02&.&+&.*0$/!5$/+'2! &#$&!$('!;.7'/>!2#$('7!@'&;''0!&#'!-.&.J'0(>!$07!.&2!=./.&$(>!Ma$/&.0'(!OPVV6!N$/!OPVVRB!b''%.08! .0!=.07!&#.2!7.2&.0-&.*06!;'!;*+/7!'1%'-&!2%*+2'2!*9!('8+/$(!$(=>!2*/7.'(2!&*!'1%('22!5$/+'2! &#$&!-*(('2%*07!&*!&#'!9($=';*(?!.0!;#.-#!=./.&$(>!2'(5.-'!'0&$./2!*@/.8$&.*02!2.=./$(!&*!K:+2&! $0>!$0*&#'(!:*@6L!;#./'!;.5'2!*9!=./.&.$!*(!0$&.*0$/!8+$(7!2*/7.'(2!'1%('22!.02&.&+&.*0$/!5$/+'26! 2+-#!$2!7+&>!$07!2'(5.-'6!&#$&!$('!('.09*(-'7!@>!.0&'($-&.*02!;.&#!&#'.(!-.5./.$0!0'.8#@*(2B!!!! c$2&/>6!&#'('!.2!$!&#.(7!/.&'($&+('!*0!2$-(.9.-'6!;#.-#!.2!$0!+07'(/>.08!$2%'-&!*9!7+&>B!H#.2! /.&'($&+('!$(8+'2!&#$&!2*-.$/!2$-(.9.-'!.2!0*&!:+2&!&#'!$-&!*9!'1-'%&.*0$//>!$/&(+.2&.-!.07.5.7+$/2!@+&! ('C+.('2!&#'!&($029*(=$&.*0!*9!%(*9$0'!*@:'-&2!.0&*!2$-('7!*0'2!Ma+@'(&!\!`$+22!OPQTRBO!]>!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! O!)*(!&#'!5.*/'0-'!$07!7'2&(+-&.*0!.0#'('0&!.0!2$-(.9.-'!Ma+@'(&!\!`$+22!OPQTAd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e*;'(2!XYOORB!H#'('!$('!3TP6YO3!$-&.5'!7+&>!2*/7.'(2!.0!&#'! <(=>6!$07!d3V6d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a*;! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ;.&#!-/'$(/>!7'=$(-$&'7!@*+07$(.'2!$07!.02&.&+&.*0$//>!2%'-.9.-!2*-.$/!;*(/726!#'/%!-('$&'!&#.2!2%#'('B!]+&!9*(!&#'! ='$0.08!*9!2$-(.9.-'!&*!&$?'!#*/76!&#'!*@:'-&!=+2&!=*5'!@*&#!.0!$07!*+&!*9!&#$&!2%#'('B!H#'!('=$.02!*9!&#'!*@:'-&6! *0-'!2$-(.9.-'76!=+2&!'1.&!&#'!2$-('7!2%#'('6!@'!('&+(0'7!&*!&#'.(!%(*9$0'!*(.8.026!$07!@'!%/$-'7!.0!-*0&$-&!;.&#! K&#'!%'(2*02!*(!&#.082!&#$&!$('!&*!@'0'9.&!9(*=!&#'!2$-(.9.-'L!Ma+@'(&!\!`$+22!OPQTATdUTPRB! X!H#'!*/7'2&!+0.&!*9!fB,!<(='7!)*(-'2!.2!&#'!`$22$-#+2'&&2!W$&.*0$/!N+$(76!9*+07'7!$2!&#'!`$22$-#+2'&&2!]$>! "*/*0.$/!`./.&.$!.0!OQdQ!M#&&%Agg2&$&'2B08B=./g2.&'2g=$ge$8'2g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d3Rh&&#'!&*&$/!($&.*!*9!2*/7.'(2!M3TP6YYY!$(=>!$-&.5'!7+&>!='=@'(2R!&*!9$=./>!='=@'(2!MV3T6YYY! 7'%'07'0&26!.0-/+7.08!2%*+2'26!-#./7('0!$07!*&#'(!9*/?2!*99.-.$//>!('-*80.J'7!$2!('-'.5.08! 2+%%*(&!9(*=!$!2*/7.'(R!.2!OAOBQ!MXYYPATPRdB!!]>!-*=%$(.2*06!9*(&>U9.5'!%'(-'0&!*9!$(=>!0$&.*0$/! 8+$(7!2*/7.'(2!$('!=$((.'7!MXYYPAPPRB!H#'!&*&$/!($&.*!*9!8+$(72='0!Md3V6YYY!$(=>!0$&.*0$/! 8+$(7!='=@'(2R!&*!9$=./>!='=@'(2!MTSd6YYY!7'%'07'0&2R!.2!OAOBd!MXYYPA!OOd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h!&#'!*&#'(!.2! 7'(.5'7!9(*=!-$2+$/&>!2&$&.2&.-2B!! H#'!fB,B!<(=>!*%'($&'2!+07'(!$!KI0'!<(=>L!-*0-'%&!M"(*;/'>!OPPVRB!H#.2!='$02!&#$&! $//!-*=%*0'0&2!*9!&#'!$(=>6!@*&#!$-&.5'!$07!('2'(5'6!$('!-$//'7!+%*0!&*!%'(9*(=!&#'!2$='!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! d!H#'!($&.*!*9!2*/7.'(2!&*!7'%'07'0&2!#$2!$!#.2&*(.-$/!%('-'7'0&B!^+(.08!&#'!Z'5*/+&.*0$(>!F$(6!<='(.-$0!+0.&2! ('-'.5'7!'1&($!($&.*02!9*(!;*='0!K('&$.0'(2L!$&!&#'!($&.*!*9!O3AO6!*(!*0'!'1&($!($&.*0!*9!9**7!9*(!'5'(>!9.9&''0! 2*/7.'(2B!F.5'2!;'('!/$(8'/>!'1%'-&'7!&*!2&$>!#*='!$07!0*&!9*//*;!&#'!&(**%2B!](.&.2#!+0.&26!;.&#!&#'.(!/*08'(! 2&$07.08!%($-&.-'2!*9!*99.-'(U$%%(*5'7!K=./.&$(>!=$((.$8'26L!2+%%/.'7!;*='0!$&!$!2.=./$(!($&.*!*9!OYYAQ!M`$>'(! OPPQA!OXVUOdYRB!! T!W*(!.2!&#'('!$!-/'$(!'1%/$0$&.*0!9*(!&#'!%#'0*='0*0!*9!#.8#'(!=$((.$8'!($&'2!$=*08!'0/.2&'7!('8+/$(!$(=>! 2*/7.'(2!;#'0!-*=%$('7!&*!-.5./.$02!*9!-*=%$($@/'!$8'2!M,'8$/!\!F'-#2/'(!,'8$/!XYYTAd3RB!H#'!;$8'2!$07!@'0'9.&2! *9!/*;'(!($0?'7!2*/7.'(2!$('!0*&!2+99.-.'0&!&*!2+%%*(&!$!9$=./>!M,'8$/!\!F'-#2/'(!,'8$/!XYYTAdQR6!$07!>'&!&#'2'! 2*/7.'(2!$('!=*('!/.?'/>!&*!@'!=$((.'7!&#$0!-.5./.$02!*9!2.=./$(!$8'2B!<2!*0'!2%*+2'!'1%/$.0'76!KF#>!$=!4!$!2*/7.'(G2! ;.9'E!4&G2!7'9.0.&'/>!0*&!9*(!#.2!%$>!M/$+8#2RBL!I0'!%*22.@./.&>!.2!&#$&!&#'('!$('!=*('!@'0'9.&2!*0!*(!0'$(!@$2'!&#$&!$0! ('8+/$(!$(=>!2*/7.'(!-$0!+2'!&*!2+%%*(&!$!9$=./>!M#*+2.086!='7.-$/!-$('6!&$1U9(''[email protected]'7!('&$./RB!Z'8+/$(! $(=>!2*/7.'(26!@'-$+2'!&#'>!;*(?!9+//U&.='6!=.8#&!$/2*!@'!%$.7!=*('6!&#*+8#!.&!.2!+0-/'$(!.9!&#'.(!9+//U&.='!=./.&$(>! ;$8'2!2+(%$22!&#*2'!*9!8+$(72='06!('-'.5.08!&#'!-*[email protected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`$(-#!XYYdR6!8+$(7!+0.&2!#$5'!%$(&.-.%$&'7!.0!0+=@'(2! 0*&!2''0!2.0-'!F*(/7!F$(!44B! <2!*9!i$0+$(>!XYYV6!W$&.*0$/!N+$(7!2*/7.'(2!=$7'!+%!2'5'0!%'(-'0&!*9!&#'!fB,B!)*(-'2!.0! 4($C!$07!9.9&''0!%'(-'0&!*9!&#*2'!9*(-'2!.0!<98#$0.2&$0!M"*08('22.*0$/!Z'2'$(-#!,'(5.-'!Z'%*(&! 9*(!"*08('22!XYYVRBQ!H#'>!2+99'('7!'.8#&''0!%'(-'0&!*9!&#'!&*&$/!-$2+$/&.'2!.0!4($C!$07! <98#$0.2&$0!-*[email protected]'7!Me*;'(2!XYOOR!M-*=%$('7!;.&#!YBXj!*9!fB,B!-$2+$/&.'2!.0!k.'&0$=!M`*0.J! XYYTRRB!H#+26!&#'!-#$0-'2!*9!$!W$&.*0$/!N+$(7!2*/7.'(!@'.08!7'%/*>'7!&*!'.&#'(!-*=@$&!J*0'!$('! ('/$&.5'/>!/*;'(B!H#'!%(*@$@./.&>!*9!#.2!@'.08!?.//'7!&#'('6!#*;'5'(6!.2!#.8#'(!&#$0!9*(!('8+/$(! $(=>!2*/7.'(2BS!40!XYYT6!$0$/>2&2!-*0-/+7'7!&#$&!<(=>!W$&.*0$/!N+$(7!2*/7.'(2!;'('!K$@*+&!*0'U &#.(7!=*('!/.?'/>!&*!@'!?.//'7!.0!4($C!&#$0!9+//U&.='!$-&.5'U7+&>!2*/7.'(2!2'(5.08!&#'('L!M`*0.J! XYYTRB!<2!&#'!('2%*07'0&2!9*(!&#.2!%(*:'-&!;'('!*0/>!2%*+2'2!*9!2*/7.'(26!('8+/$(!$(=>!$07! W$&.*0$/!N+$(76!;#*!#$7!'1%'(.'0-'7!$&!/'$2&!*0'!*5'(2'$2!7'%/*>='0&6!.&!.2!2$9'!&*!2$>!&#$&! &#'.(!/*5'7!*0'2!;'('!.0!2.=./$(/>!7$08'(*+2!2.&+$&.*02BV!a*;'5'(6!$2!;.//!@'!'5.7'0&6!&#'.(! %'(-'%&.*02!*9!&#*2'!7$08'(2!;'('!/$(8'/>!.09/+'0-'7!@>!7.99'('0&!-*0&'1&2!.0!;#.-#!&#'>!/.5'76! $076!.0!&+(06!&#.2!.09/+'0-'7!&#'!?.072!*9!:+2&.9.-$&.*02!&#'>!+2'7B!!! H#.2!%(*:'-&!.0-/+7'7!2%*+2'2!*9!2*/7.'(2!2'(5.08!.0!$(=>!$5.$&.*0!+0.&26!@*&#!.0!&#'! ('8+/$(!<(=>!$07!&#'!W$&.*0$/!N+$(7B!4!.0&'0&.*0$//>!('-(+.&'7!$=*08!&#'2'!+0.&2!.0!*(7'(!&*! .7'0&.9>!$07!-*=%$('!2.=./$(!+0.&2B!`*2&!2*/7.'(2!;'('!'.&#'(!.0!&#'!9/.8#&!*(!8(*+07!-(';2!*9! "#.0**?!$07!]/$-?#$;?!#'/.-*%&'(26!$.(-($9&!&#$&!8'0'($//>!2+%%*(&!-*=@$&!&(**%2!@+&!$('!0*&!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 3!F#'0!4!;$2!9.(2&!0'8*&.$&.08!$--'22!&*!.0&'(5.';''26!4!;$2!&*/7!@>!*0'!e+@/.-!<99$.(2!I99.-'(6!;#*!=.2+07'(2&**7! &#'!('2'$(-#!C+'2&.*0!&*!@'!$!-*=%$(.2*0!*9!('8+/$(!$(=>!$07!8+$(7!2*/7.'(26!&#$&!=>!('2'$(-#!;$2!K.05$/.7L!$2! K&#'('!.2!0*!7.99'('0-'!@'&;''0!&#'=h!&#'>!$('!$//!I0'!<(=>L!M-*(('2%*07'0-'!XgXYYVRB! Q!4!#$5'!('$2*0!&*!@'/.'5'!&#$&!&#'!%'(-'0&$8'!*9!N+$(7!&(**%2!.0!4($C!2.0-'!XYYV!#$2!.0-('$2'7B!,.0-'!&#'!@'8.00.08! *9!XYOO6!9*(!.02&$0-'6!$//!$(=>!$5.$&.*0!.0!4($C!#$2!-*='!+07'(!&#'!-*==$07!*9!&#'!W$&.*0$/!N+$(7!H$2?!)*(-'! "*07*(6!$!@(.8$7'!K-*=%(.2'7!*9!2'5'0!]$&&$/.*02!$22.80'7!+07'(!.&2!a'$7C+$(&'(2!$07!a'$7C+$(&'(2!"*=%$0>! $07!=$00'7!@>!*5'(!d63YY!,*/7.'(2!('%('2'0&.08!&#'!<(=>!W$&.*0$/!N+$(76!<(=>!Z'2'(5'2!$07!<-&.5'!^+&>!<(=>B! 40!$//!H$2?!)*(-'!"*07*(!;.//!@'!*0'!*9!&#'!2&(*08'2&!W$&.*0$/!N+$(7!"*=@$&!<5.$&.*0!](.8$7'2!'5'(!$22'=@/'7!9*(! -*=@$&!*%'($&.*02L!MH$2?!)*(-'!"*07*(!)$(';'//!"'('=*0>!%(*8($=6!9.'/70*&'2!OOgXYOYRB! S!4&!;$2!7.99.-+/&!&*!9.07!$0>!8*5'(0='0&!('%*(&!&#$&!-/'$(/>!-*=%$('7!&#'!-$2+$/&>!*(!.0:+(>!($&'2!*9!('8+/$(!$(=>! $07!N+$(7!-*=%*0'0&2B!L!0*&.*0B!N.5'0!&#$&6!.&!.2!-+(.*+2!&#$&!@>! %$&-#.08!&*8'&#'(!2&$&.2&.-2!9(*=!7.99'('0&!&.='!%'(.*726!4!7.2-*5'(!&#$&!('8+/$(!$(=>!$07!N+$(7!2*/7.'(2!'1%'(.'0-'! &#'!2$='!-$2+$/&>!($&'B!]'&;''0!XYYO!$07!XYOO6!X6VXY!('8+/$(!$(=>!$07!VQd!<(=>!W$&.*0$/!N+$(7!2*/7.'(2!;'('! ?.//'7!.0!4($C!$07!<98#$0.2&$0!Me*;'(2!XYOORB!)(*=!XYYO!&*!XYYT6!XVY6YYY!('8+/$(!$(=>!2*/7.'(2!$07!PY6YYY! 0$&.*0$/!8+$(72='0!;'('!7'%/*>'7!*5'(2'$2!Me*;'(2!XYY3RB!F'!9.07!&#$&!&#'!%'(-'0&$8'!*9!7'%/*>'7!('8+/$(!$(=>! 2*/7.'(2!;#*!7.'7!;$2!X6VXYgXVY6YYY!*(!OjB!H#'!%'(-'0&$8'!*9!7'%/*>'7!0$&.*0$/!8+$(72='0!;#*!7.'7!;$2! VQdgPY6YYY!*(!OjB!H#.2!.2!$!(*+8#!'2&.=$&'!/.=.&'7!@>!$5$./$@/'!('%*(&2!$07!('/.'2!*0!$0!$22+=%&.*0!&#$&!&#'! ('/$&.5'!7'%/*>='0&!($&'2!7.7!0*&!-#$08'!9(*=!XYYT!&*!XYOOB! V!)*(!'1$=%/'6!&#'!#'/.-*%&'(!2#*&!7*;0!*0!<+8+2&!V6!XYOO6!&($02%*(&.08!$!&'$=!*9!W$5>!,'$/2!;$2!9/*;0!@>!$! @/'07'7!-(';!*9!@*&#!('8+/$(!$(=>!$07!W$&.*0$/!N+$(7!MW'@($2?$!$07!<(?$02$2R!$5.$&.*0!2*/7.'(2! #&&%Agg;;;B$(=>$.(-(';2B-*=g-#.0**?B#&=/B!! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! 3V! $-&+$//>!-*=@$&!*(!$22$+/&!$.(-($9&BP!H#'!.=%*(&$0&!%*.0&!.2!&#$&!#+2@$072!*9!2%*+2'2!.0!@*&#! 8(*+%2!9/';!2.=./$(!#'/.-*%&'(26!.0!2.=./$(!=.22.*02!*5'(2'$2B!]*&#!8(*+%2!$/2*!='0&.*0'7! #'/.-*%&'(!9$&$/.&.'2!&#$&!*--+(('7!7*='2&.-$//>6!'.&#'(!*0!&($.0.08!=.22.*02!*(!7'%/*>='0&2!9*(! 0$&+($/!7.2$2&'(2B!40!&#.2!('8$(76!W$&.*0$/!N+$(7!+0.&26!-*07+-&.08!7*='2&.-!=.22.*02!$9&'(! ('&+(0.08!9(*=!*5'(2'$2!7'%/*>='0&2!=.8#&!9$-'!8('$&'(!7$08'(2B! e'(#$%26!$//!=./.&$(>!%'(2*00'/6!;#'&#'(!('8+/$(!$(=>!*(!W$&.*0$/!N+$(76!$('!'C+$//>! 7.2%'(2'7!&#(*+8#*+&!&#'!-.5./.$0!%*%+/$&.*0B!<5$./$@/'!2&$&.2&.-2!M$07!=+-#!*9!&#'!.0&'(5.';! =$&'(.$/!.0!2+@2'C+'0&!-#$%&'(2R6!#*;'5'(6!7'=*02&($&'!&#$&!('8+/$(!$(=>!%'(2*00'/!$('! /$(8'/>!-*0-'0&($&'7!.0!.2*/$&'76!(+($/!$('$2!;.&#.0!&#'!-*0&.0'0&$/!f0.&'7!,&$&'2!M"IWf,R!*(!*0! *5'(2'$2!@$2'2!.0![+(*%'!$07!<2.$!MI"IWf,RB! ,.0-'!&#'!'07!*9!&#'!"*/7!F$(!$07!&#'!'02+.08!%(*-'22!*9!]$2'!Z'$/.80='0&!$07!"/*2+('! M]Z<"R6!&#'!('8+/$(!<(=>!.2!-*0-'0&($&'7!.0!9';'(!/*-$/'26!*0!/$(8'(!K='8$U@$2'2BL!,.0-'!&#'! &'((*(.2&!$&&$-?2!*9!,'%&'=@'(!OO6!XYYO6!&#'!=./.&$(>!#$2!.0-('$2'7!&#'!2'-+(.&>!$&!=*2&!@$2'26! 2'5'('/>!/.=.&.08!-.5./.$0!$--'22BOY!I9!&#*+2$072!*9!/*-$/!/$@*(!=$(?'&2!;.&#.0!&#'!f0.&'7!,&$&'26! &#'('!$('!*0/>!&#.(&>!.0!;#.-#!&#'!=./.&$(>!%/$>2!$!7.2%(*%*(&.*0$&'!(*/'!M,'8$/!\!F'-#2/'(!,'8$/! XYYTASRB!H#'('!$('!&#(''!/$@*(!=$(?'&2!;.&#!*5'(!9.9&''0!%'(-'0&!=./.&$(>!'=%/*>='0&6! .0-/+7.08!&#'!&*;0!?0*;0!.0!&#.2!7.22'(&$&.*0!$2!K"(*225.//'BL!H#'!@$2'!0'$(!&#$&!&*;06!?0*;0! #'('!$2!K)*(&!i$-?2*06L!;$2!$&!&#'!&.='!*9!&#'!.0&'(5.';2!K&#'!/$(8'2&!=./.&$(>!@$2'!.0!&#'!9(''! ;*(/76L!#*+2.08!&'0!%'(-'0&!*9!&#'!'0&.('!fB,B!<(=>B!).5'!&#*+2$07!*99.-'(2!$07!T36YYY!'0/.2&'7! 2*/7.'(2!;'('!$22.80'7!&*!&#'!9*(&!M)*(&!Ki$-?2*0L!e+@/.-!<99$.(2!I99.-'!)$-&!,#''&!XYYVRB! [.8#&''0!&#*+2$07!9$=./>!='=@'(2!/.5'7!*0!%*2&!$07!PY6YYY!/.5'7!*99!%*2&!.0!0'$(@>! -*==+0.&.'2B!!! )*+(!2&$&'26!H'1$26!W*(&#!"$(*/.0$6!k.(8.0.$6!$07!"$/.9*(0.$!#$5'!&#'!=*2&!$-&.5'!7+&>! =./.&$(>!%'(2*00'/!M,'8$/!\!,'8$/!XYYTAQRB!).9&>!%'(-'0&!*9!$//!('8+/$(!$(=>!2*/7.'(2!2&$&.*0'7!.0! "IWf,!/.5'!.0!:+2&!9.5'!2&$&'2B!W.0'&>!%'(-'0&!/.5'!.0!:+2&!&;'0&>U*0'!2&$&'2!M^'%$(&='0&!*9! ^'9'02'!XYYPA3dRB!40!-*0&($2&6!9.9&>!%'(-'0&!*9!2'/'-&!('2'(5'2!M.0-/+7.08!&#'!W$&.*0$/!N+$(7R! ('2.7'!.0!&#.(&''0!2&$&'2B!W.0'&>!%'(-'0&!$('!2%('$7!*+&!@'&;''0!&#.(&>U9.5'!2&$&'2!M^'%$(&='0&! *9!^'9'02'!XYYPAPYRB!N.5'0!&#'2'!2&$&.2&.-26!;'!-$0!$22+='!&#$&!('8+/$(!$(=>!2*/7.'(2!$07!&#'.(!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! P!4!7.7!.0&'(5.';!*0'!2%*+2'!*9!$!('8+/$(!$(=>!<%$-#'!$&&$-?!#'/.-*%&'(!%./*&B!4!$2?'7!#'(!;#>!4!;$2!8'&&.08!2*!9';! ('2%*07'0&2!9(*=!<%$-#'!+0.&2B!,#'!&#*+8#&!&#$&!<%$-#'!%./*&2!&'07!&*!@'!>*+08'(!$07!+0=$((.'7B!N.5'0!&#'.(! 7+$/!9+0-&.*02!.0!('2%*07.08!&*!0$&+($/!7.2$2&'(26!0$&.*0$/!8+$(7!$5.$&.*0!+0.&2!&'07!&*!0*&!.0-/+7'!$&&$-?! #'/.-*%&'(2B! OY!4!'1%'(.'0-'7!&#'!'1-/+2.*02!+2'7!&*!-('$&'!&#$&!.2*/$&.*0!.0!=>!*;0!$&&'=%&2!&*!8$.0!$--'22!&*!.0&'(5.';! 2+@:'-&2B!4&!&**?!9*+(!=*0!&*!('-'.5'!*0/>!('2&(.-&'7!%'(=.22.*0!9(*=!&#'!e+@/.-!<99$.(2!I99.-'!$&!)*(&!i$-?2*0!&*! -*07+-&!&'/'%#*0'!*(!*99U%*2&!.0&'(5.';2B!4!;$2!0*&!$//*;'7!&*!-*07+-&!*0U%*2&!.0&'(5.';2!*(!9.'/7!*@2'(5$&.*02!$2! &#'>!;*+/7!('C+.('!$0!'2-*(&!$&!$//!&.='26!2+(%$22.08!&#'!=$0%*;'(!-$%$@./.&.'2!*9!&#'.(!*99.-'!M$07!5.*/$&.08!=>! +0.5'(2.&>G2!%(*&*-*/!9*(!'&#.-$/!('2'$(-#RB!]>!-*0&($2&6!&#'!W$&.*0$/!N+$(7!e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e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

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! OO!40&'(5.';!;.&#!c.'+&'0$0&!F.//.$=!`$(&.06!"$/.9*(0.$!W$&.*0$/!N+$(7!e+@/.-!<99$.(2!I99.-'6!PgXXgXYOOB! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! QY! '5'0!$--'%&$0-'!&#$&!K&#'!<(=>!-*='2!9.(2&6L!;#'0!.&!-$='!&*!:+2&.9>.08!&#'.(!('/$&.*02#.%!&*! 2*='*0'!;#*!.2!#.=2'/9!-*==.&&'7!&*!K&#'!=.22.*06L!9$=./>!$/;$>2!-$='!9.(2&B!!$2!$0!*--+%$&.*0!;.&#!-*0-*=.&$0&!5$/+'2!*9!'1-#$08'6!&#'>!7.7!0*&!:+2&.9>!&#'.(! ('/$&.*02#.%2!.0!&'(=2!*9!=+&+$/!*@/.8$&.*0B!c.5.08!$=.72&!&#'!=./.&$(>G2!.0&'02'/>!2*-.$/!-*0&'1&6! &#'.(!:+2&.9.-$&.*02!-'0&'('7!*0!$!0$((*;'(!2-*%'!*9!('/$&.*02A!*0!&#'.(!%$(&0'(!$07!0*&!#.2!+0.&6! 0*&!&#'!$(=>6!0*&!&#'!0$&.*06!0*(!.&2!-$+2'!*(!;$(!$.=2B!F#$&!&#'>!'07+('7!$07!;'('!;.//.08!&*! 9$-'!&#'>!7.7!9*(!&#'.(!#+2@$076!0*&!9*(!;#$&!&#'!<(=>!;*+/7!8.5'!&#'=!$2!(';$(7B!!('2.7'!;.&#.0!$0!.02&.&+&.*0!;.&#!-*('!5$/+'2!*9!7+&>!$07!#*0*(!MF'.22!'&!$/!XYOY6![1+=!\! "*//!XYYV6!]*07>!XYYT6!^$/'>!OPPPRh!&#'>6!#*;'5'(6!'1%/$.0'7!&#'.(!('/$&.*02#.%!.0!&'(=2!*9! -*==.&='0&!&*!&#'.(!2%'-.9.-!=$((.$8'!%$(&0'(B!!!/.5'!;.&#.0!$!-*==+0.&>!7(.5'0! @>!*--+%$&.*0$/!(';$(72!$07!&#'!=+&+$/!*@/.8$&.*02!*9!'=%/*>'(!$07!'=%/*>''h!'5'0!2*6!&#'>! 7.7!0*&!-$//!*0!&#*2'!(';$(72!&*!:+2&.9>!;#$&!&#'>!'07+('B!`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h!&#'!2*-.$/!9$&.8+'!-$+2'7!@>!$0!.0&'02'!-*//'-&.5'!/.9'h!$! 7'2.('!&*!$5'(&!$22*-.$&.*0!;.&#!%('7$&.*06!@/**7!=*0'>!$07!%(*2&.&+&.*0!&#$&!'1.2&!;.&#.0!&#'! =./.&$(>!-*0&'1&h!='-#$0.2=2!&#$&!*%'($&'!&*!'1-/+7'!2%*+2'2!9(*=!9''/.08!$!2'02'!*9!2#$('7! 2'(5.-'h!9$=./.$(.&>!;.&#!=./.&$(>!5.*/'0-'h!#.8#'(!($&'2!*9!7'$&#!*(!.0:+(>!9*(!'0/.2&'7!%'(2*00'/h! $07!.0&'(5'0&.*0!@>!&#'!<(=>!.0!9$=./>!/.9'B!! ! 3(.*!04*#$&*,&0,&0..56(.",#++4&7(4'+& ! c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i$-?2*0A! ! F#'0!#.2!@$&&$/.*0!-$='!#*='6!&#'('!;'('!9/$82!$//!+%!$07!7*;0!H$0?!^'2&(*>'(! ]*+/'5$(7B!]+&!&#'!2*/7.'(2!;#*!%+&!&#'=!+%B!l*+!?0*;!&#'>!;'('!*(7'('7!&*!7*! .&B!<07!%(*@$@/>!$2!%+0.2#='0&!9*(!2*='!@+//2#.&!&#'>!7.7B! ! 4!#'$(7!/$&'(!&#$&!$//!&#'!2%*+2'2!;'('!2+%%*2'7!&*!8'&!$!-/*-?!*(!$!9/$8!*(! 2*='&#.08!&*!-*=='=*($&'!&#$&!7'%/*>='0&B!]+&!&#'>!8$5'!&#'=!&*!&#'!8+>2! /$&'(!$9&'(!&#'!;'/-*='!#*='!-'('=*0>B!W*&!&*!+2B!4!0'5'(!9*+07!*+&!;#$&! #$%%'0'7!&*!=>!-/*-?B! ! 49!('-*80.&.*0!$07!$!-*02'C+'0&!9''/.08!*9!%(.7'!$('!-(.&.-$/!'/'='0&2!&*!:+2&.9>.08!$0!.=%'(./'7! ('/$&.*02#.%!.0!&'(=2!*9!7+&>6!('8+/$(!$(=>!;.5'2!/.5.08!.0!&#'!=./.&$(>!-*0&'1&!7*!0*&!$%%'$(!&*! '1%'(.'0-'!=$0>!2%*0&$0'*+2!8'2&+('2!*9!('-*80.&.*0B!! )+(&#'(=*('6!@'.08!:+2&!*0'!=./.&$(>!2%*+2'!$=*08!=$0>!.0!2.=./$(!('/$&.*02#.%2!=$?'2! ('-*80.&.*0!$07!&#'!:+2&.9.-$&.*0!*9!7+&>!/'22!/.?'/>B!F#'0!$2?'7!;#>!2#'!7.7!0*&!7.2%/$>!$! 2'(5.-'!9/$8!7+(.08!#'(!#+2@$07G2!7'%/*>='0&6!$0*&#'(!('8+/$(!$(=>!2%*+2'!('2%*07'7A! ! F#$&!;*+/7!@'!&#'!%*.0&E!`*('!&#$0!#$/9!*9!=>!@/*-?!-*+/7!%+&!*+&!$!9/$8B!4&! ;*+/70G&!@'!$0>&#.08!2%'-.$/B!4!?0*;!#'G2!8*0'B!H#'>!?0*;!#'G2!8*0'B!4!?0*;! &#'.(!8+>2!$('!8*0'B!F#$&!$('!;'!8*.08!&*!7*E!a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`$0>!('8+/$(!$(=>!2%*+2'2!7.7!2$>!&#$&!&#'>!%('9'(('7!/.5.08!*0!%*2&!$(*+07!%'*%/'! ;#*!;'('!8*.08!&#(*+8#!&#'!2$='!'1%'(.'0-'2!&#'>!;'('!8*.08!&#(*+8#B!<2!&#.2!;$2!=*2&!*9&'0! ='0&.*0'7!.0!%$(&.-+/$(!('/$&.*02#.%!&*!%'(.*72!*9!2&('22!/.?'!7'%/*>='0&6!;'!;.//!'1$=.0'!&#.2! %('9'('0-'!=*('!.0!&#'!9*//*;.08!-#$%&'(!*0!7'%/*>='0&B!a'('6!.&!2+99.-'2!&*!2$>!&#$&!/.5.08!.0! &#'!=./.&$(>!-*0&'1&!#'/%2!2%*+2'2!&#.0?!*9!-+.(,/*,/&#(!2*='&#.08!/$(8'(!&#$0!&#'=2'/5'26! 2#$(.08!$!?.07!*9!='-#$0.-$/!2*/.7$(.&>B!H#'!2$='!-*0&'1&6!#*;'5'(6!-#$($-&'(.J'7!@>!.2*/$&.*0! 9(*=!-.5./.$026!7*'2!0*&!('=.07!&#'=!*9!2+47(4)*,/&1+46*'+&7(4!*&#'(2!7.99'('0&!9(*=! &#'=2'/5'2B!! c.5.08!;.&#.0!$!-*==+0.&>!*9!/.?'U=.07'7!$07!2.=./$(/>!7.2%*2'7!.07.5.7+$/26!$!2'02'!*9! 2*/.7$(.&>!$(*+07!2'(5.-'!$07!7+&>!-*+/7!'='(8'B!`$0>!#$5'6!.0!9$-&6!0*&'7!&#'!-*#'2.5'0'22!*9! =./.&$(>!-*==+0.&.'2!M`-"/+('!OPPVRB!40!&#.2!.02&$0-'6!#*;'5'(6!&#'!%$(&.-+/$(!-*02'C+'0-'2!*9! $0!$//!5*/+0&''(!$(=>!@'-*='!2$/.'0&B!f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h!$07! &#'!='$02!*9!2*-.$/!%('2'(5$&.*0!$('!-*02*0$0&!;.&#!&#$&!2*-.'&>G2!5$/+'2BOX!49!2*/7.'(2!$07!&#'.(! 9$=./.'2!.0!$0!$//U5*/+0&''(!<(=>!7*!2*='&#.08!*0!@'#$/9!*9!*&#'(26!.&!.2!0*&!*0/>!&#$&!&#'>! 2$-(.9.-'!&#'.(!/.5'2!9*(!&#'!2$9'&>!*9!*&#'(2!@+&!&#$&!&#'>!$/2*!('$99.(=!&#'!@'/.'9!&#$&!$0>! 2+99'(.08!#$2!@''0!='&'7!*+&!9(''/>!$07!9$.(/>B!H#'!%'(2%'-&.5'!*9!&#'!-.5./.$0!.2!0*&!&#$&!K$! 2*/7.'(!.2!2*='*0'!;#*=!4!#$5'!-$//'7!+%*0!&*!2+99'(!*0!=>!@'#$/9Lh!($&#'(6!.&!.2!&#$&!K$!2*/7.'(! .2!2*='*0'!;#*!-#*2'!&*!7*!;#$&!#'!.2!7*.08BL!<2!2+-#6!-.5./.$02!-$0!9''/!/'22!8+./&>!9*(!0*&! #$5.08!2'(5'7!&#'=2'/5'2!$07!&#'>!-$0!9''/!/'22!.07'@&'7!&*!&#*2'!;#*!#$5'BOd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i$-?2*06!2*/7.'(2! $07!2%*+2'2!9*(=!$!-*==+0.&>!*9!%'*%/'!;#*!#$5'!-#*2'0!&*!@'!&#'('B!]'-$+2'!&#'>! 5*/+0&''('76!&#'>!=+2&!;$.&!9*(!-.5./.$026!.0!&+(06!&*!5*/+0&''(!&#'.(!$%%('-.$&.*06!$07!8.5'0! &#'.(!.2*/$&.*06!0*&!=$0>!-.5./.$026!%$(&.-+/$(/>!-.5./.$02!;.&#*+&!+/&'(.*(!=*&.5'26!$('!$(*+07!&*! 7*!2*BO3!F.&#*+&!$-&+$/!.0&'($-&.*02!$07!8'2&+('2!&*!-*09.(=!('-*80.&.*06!2*/7.'(2!$07!2%*+2'2!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! OX!40!&#.2!;$>6!2*-.'&>!.2!7'9'07'7!$/*08!$!/*8.-!&#$&!.2!$/('$7>!%('5$/'0&h!-*02'C+'0&/>6!&#'!%(*-'22!@>!;#.-#!2*='! '07!+%!2'(5.08!.0!&#'!=./.&$(>!M$07!*&#'(2!7*!0*&R!.2!$--'%&'7!$2!K9$.(6L!$!-(.&.-$/!'/'='0&!9*(!8$.0.08!-*02'0&!&*!&#'! ;$>!2&$&'2!$(($08'!;#.-#!*9!&#'.(!-.&.J'02!;.//!2'(5'!.0!$(='7!9*(-'7!Mc'5.!OPPSRB! Od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e.-?.08!+%!;#'('!`$+22!/'9&!*996!N($'@'(! $(8+'2!&#$&!*0-'U%('5$/'0&!('/$&.*02#.%2!@$2'7!*0!$0!.0-$/-+/$@/'!2'02'!*9!7+&>!7'&'(.*($&'7!$2!@+>.08!$07!2'//.08! @'-$='!&#'!@$2.2!*9!2*-.'&>!$07!$2!=*0'>6!%('5.*+2/>!$!=$(?'(!*9!9$5*(2!*;'76!@'-$='!5$/+$@/'!.0!.&2!*;0!(.8#&L! M`'$0'>!XYOORB! OT!H#(''UC+$(&'(2!*9!-.5./.$02!2+(5'>'7!2$>!&#'>!#$5'!&#$0?'7!2*='*0'!.0!+0.9*(=!Me';!Z'2'$(-#!"'0&'(!XYOORB! O3!a'('!.2!$!%$($7*1!*9!7+&>!M&#$&!2#*+/7!%(*@$@/>!@'!2&$&'7!.0!&#'!%('-'7.08!-#$%&'(RB!)*(!$!2*/7.'(!&*!?0*;!#'!.2! 7*.08!#.2!7+&>6!#'!0''72!&#'!('-*80.&.*0!*9!*&#'(26!@+&!#'!-$00*&!7*!#.2!7+&>!9*(!&#'!'1%('22!%+(%*2'!*9! ('-*80.&.*0B!H#$&!;*+/70G&!@'!K7*.08!*0'G2!7+&>Lh!&#$&!;*+/7!@'!K7*.08!2*='&#.08!&*!8'&!2*='&#.08BL!,*-.$/! ('-*80.&.*06!%$(&.-+/$(/>!9(*=!&#'!@'0'9.-.$(.'26!7'9.0'2!&#'!$-&!@+&!-$00*&!=*&.5$&'!.&B!,*='!$(8+'!&#$&!*0'!-$0!7*! *0'G2!7+&>!;.&#*+&!('8$(7!&*!*&#'(2!M`.//@$0?!OPP36!b.'(?'8$$(7!OPV3RB!]+&!&#$&!%*2.&.*0!('C+.('2!$0!'/'='0&!*9! 7+&>!&#$&!.2!2*-.$//>!&($02-'07'0&6!+0='7.$&'7!@>!2*-.$/!.0&'($-&.*026!$07!&#'('9*('!*+&2.7'!*9!&#'!2-*%'!*9! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! Qd! .0!$0!$//!5*/+0&''(!9*(-'!-$00*&!$22+='!-.&.J'02!9''/!.07'@&'7!*(!$('!8($&'9+/B!40!9$-&6!=$0>! ('8+/$(!$(=>!2%*+2'2!@'/.'5'7!&#'!*%%*2.&'A!&#$&!=*2&!-.5./.$02!;'('!'.&#'(!.07.99'('0&!*(! =.2.09*(='7B!<2!*0'!;.9'!*9!$0!$-&.5'!7+&>!2*/7.'(6!/.5.08!*0!)*(&!i$-?2*06!0*&'7A! ! W*6!4!7*0G&!&#.0?!=>!#+2@$07!8'&2!&#'!('-*80.&.*0!#'!7'2'(5'2B!`*2&!<='(.-$02! #$5'!0*!.7'$!;#$&!;'!8*!&#(*+8#B!4!7*0G&!&#.0?!&#'>!('$//>!-$('B!<07!&#'0!&#'('G2! &#'!='7.$!&#$&!0'5'(!2#*;2!&#'!8**7!&#$&!;'!$('!7*.08!*5'(!&#'('B!,*!>*+!#$5'! 9*/?2!;#*!'.&#'(!7*0G&!-$('B!I(!9*/?2!;#*!7*0G&!?0*;!;#$&!&#'>G('!&$/?.08!$@*+&B! ! F.5'2!/.?'!&#.2!*0'!7*!0*&!$22+='!&#$&!-.5./.$02!2+%%*(&!&#'=B!H#'>!8*!9+(&#'(!$07!.=$8.0'!&#$&! -.5./.$02!2#$('!&#'!2'0&.='0&!&#$&!-.5./.$02!*;'!2*/7.'(2!0*&#.08!@'>*07!;#$&!2*/7.'(2!$('!%$.7h! 0*(!7*!-.5./.$02!*;'!&#'=!8($&.&+7'!$2!2*/7.'(2!;#*!#$5'!2.80'7!+%!&*!2'(5'!.0!$0!$//U5*/+0&''(! 9*(-'B!40!9$-&6!=$0>!('8+/$(!$(=>!2%*+2'2!$0&.-.%$&'!&#.2!('2%*02'6!;#'0!&#'>!$(8+'6!$2!$0*&#'(! 2%*+2'!9(*=!)*(&!i$-?2*0!7*'2A! ! 4&!7*'20G&!('$//>!=$&&'(!'.&#'(!;$>!&*!='!m.9!2#'!$07!#'(!#+2@$07!$('!('-*80.J'7! 9*(!;#$&!&#'>!7*nB!l*+!?0*;6!&#'>!7*0G&!*;'!='!$0>&#.08B!F'!2.80'7!+%!9*(!&#.26! $07!&#.2!;$2!*+(!7'-.2.*0B!! ! I(!$2!$0*&#'(!2%*+2'!9(*=!)*(&!i$-?2*0!$22'(&2A! ! a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a'('6!;'!2''!&#$&!0'.&#'(!K9+0-&.*0$/!.0&'(7'%'07'0-'L!M&#'!=+&+$/6!=*2&/>!.05.2.@/'6! ('/.$0-'!*9!&#'!=./.&$(>!$07!.&2!-.&.J'0(>R!0*(!K-*==*0/>!#'/7!-+/&+($/!5$/+'2L!M/.?'!7+&>6!#*0*(6! $07!-*+0&(>R!M]/$+!OPSSR!#*/7!&#*2'!;.&#.0!&#'!-*0&'1&!*9!$0!$//!5*/+0&''(!9*(-'!.0!$0!.0&'8($&'7! ('/$&.*02#.%!;.&#!-.5./.$02!*0!&#'!*+&2.7'B!! f0/.?'!.0!&#'!%$2&6!&#'('!.2!0*!7.2&.0-&.*0!;.&#.0!&#'!$-&.5'!7+&>!<(=>!@'&;''0!&#*2'! ;#*!;'('!-$//'7!+%*0!&#(*+8#!-*02-(.%&.*0!$07!&#*2'!;#*!5*/+0&''('7!&*!2'(5'B!40!9$-&6! 7.2&.0-&.*02!$('!%(*@/'=$&.-B!F.&#.0!&#'!=./.&$(>!'05.(*0='0&6!('-*80.&.*0!=.8#&!@'!7'2'(5'76!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 2*-.*/*8>B!<2!4!#$5'!7'=*02&($&'7!'=%.(.-$//>6!&#*+8#&2!*9!7+&>!;'('!$--*=%$0.'7!@>!$!2'02'!*9!%(.7'!$07! ('-*80.&.*0!M2''!-#$%&'(!XRB!40!*0/>!$!9';!.02&$0-'26!4!#'$(7!&#'!0*&.*0!*9!7*.08!*0'G2!7+&>!('8$(7/'22!*9!;#$&! *&#'(2!&#.0?B!H#.2!9.07.08!2#*+/7!$22+$8'!9'$(2!*9!$0!'='(8'0&!=./.&$(>!&#$&!.2!@*&#!2'%$($&'!9(*=!$07!('2'0&9+/!*9! $!-.&.J'0(>!.&!&#.0?2!.2!+0$%%('-.$&.5'!*9!.&2!('%'$&'7!2$-(.9.-'2!MF.//'(!XYYP6!a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o`(2B!"$%&$.0!,*U $07U,*BG!,#'G2!&#'!*0'!;.&#!#'(!#+2@$07G2!('2+='!*0!&#'!@+=%'(2&.-?'(!*9!#'(! -$(BOS!! ! F#./'!7.2&.0-&.*02!*9!($0?!$07!2'(5.-'!'1%'(.'0-'!'1.2&6!2*/.7$(.&>!;.&#.0!&#'!=./.&$(>!-*==+0.&>! .2!*0'!*9!'C+$/2B!W*!='=@'(!#$2!('$2*0!&*!@'!%(*+7'(!&#$0!$0>!*&#'(B!<2!$0*&#'(!;.9'! '1%/$.02A! ! 4!$=!('$//>!%(*+7!&#$&!#'!m#'(!#+2@$07n!8($7+$&'7!9(*=!F'2&!e*.0&B!]+&!4!;*+/7! @'!$0!.7.*&!&*!8*!$(*+07!/'&&.08!%'*%/'!*0!@$2'!?0*;!&#$&B! ! F#'&#'(!&#'>!$('!;.5'2!*9!F'2&!e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email protected]!2.2&'(#**7B!<07!;.&#!&#'!8+>26!;'!;'('!/.?'!&#.2!&(.@'B!F'! $//!/.?'!8(';!+%!&*8'&#'(!$2!$(=>!;.5'2!$07!%./*&2B!<07!;'!2&.//!2&$>!.0!&*+-#B!<07! ;.//!7*!$0>&#.08!9*(!'$-#!*&#'(B! ! H#'!@*07!&#$&!&#.2!2%*+2'!7'2-(.@'2!.2!$?.0!&*!'())*#)+,#!;.&#!.&2!0$((*;'(!2*-.$/!('/$&.*02B! f07'(!&#'!$//!5*/+0&''(!9*(-'!$07!;.&#.0!&#'!.=='7.$&'!-*0&'1&!*9!&#*2'!5*/+0&''(26! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! OQ!40!&#'!/$2&!&'0!>'$(26!&#'('!#$5'!@''0!-$2'2!*9!-.5./.$02!.=%'(2*0$&.08!;$(!#'(*'2B!Z'2%*07.08!&*!*0'!$--*+0&!*9! 2+-#!$0!.=%'(2*0$&*(!;#*!;$2!.05.&.08!#.=2'/9!&*!#*0*($(>!9+0-&.*02!.0!&#'!^'05'(!$('$6!$0!$-&+$/!5'&'($0! '1%/$.0'76!Kl*+!?0*;!#'!;$20G&!9*(!('$/!@'-$+2'!0*!('$/!2*/7.'(!;*+/7!8*!*+&!/**?.08!9*(!&#$&!?.07!*9!('-*80.&.*0BL! OS!<&!=>2'(5.-'%(.7'B-*=6!.&!.2!%*22.@/'!&*!*(7'(!$!7'-$/!5'(2.*0!*9!$!K(.@@*0!($-?6L!&#'!2'&!*9!(.@@*02!;*(0!*0!$! 2*/7.'(G2!-#'2&!&#$&!2.80.9.'2!#.2!$--*=%/.2#='0&2!$07!0*&';*(&#>!$22.80='0&2B!40&'('2&.08/>6!4!0'5'(!2$;!*0'!.0! "(*225.//'!@+&!7.7!2''!*0'!*0!$!@+=%'(!*9!$!-$(!.0![$2&!I$?/$07B! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! Q3! 5*/+0&''(.08!&'072!&*[email protected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l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i$-?2*0!;'('!K9$=./>!&.='L!$07!%$('0&U&'$-#'(!-*09'('0-'2B![5'(>!H#+(27$>6! ('5'.//'!.2!2*+07'7!$&!d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d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i$-?2*0!@'9*('!=*5.08!&*!*99U%*2&!#*+2.086!'1%/$.0'7A! ! 4!;*+/7!0'5'(!=*5'!@$-?!*0!%*2&B!H#'>!;'('!.02$0'!$@*+&!#*;!>*+!#$7!&*!?''%! >*+(!>$(7B![5'0!.9!>*+(!#+2@$07!;$2!7'%/*>'76!&#'>!;*+/7!8.5'!>*+!$!pS3!9.0'B!4! #'$(!.&G2!@'&&'(!0*;B!H#'>!#$5'!2*='@*7>!;#*!-*='2!&*!#'/%!;.&#!/$;02!9*(! 7'%/*>'7!9$=./.'2B!]+&!4!;*+/70G&!=*5'!@$-?B! ! <0*&#'(!2%*+2'!;#*!#$7!0'5'(!/.5'7!*0!%*2&!@'9*('!&$/?'7!$@*+&!$/=*2&!#$5.08!#'(!7*8!%+&! 7*;0!@>!&#'!=./.&$(>!%*/.-'!M`eR!@'-$+2'!*9!$!0'.8#@*(G2!-*=%/$.0&A! ! `'!$07!&#'!@*>2!8*&!$!7*8!@'9*('!c+?'!/'9&B!H*!?.07!*9!#'/%!;.&#!#$5.08!#.=!8*0'! $07!9*(!2$9'&>!$07!2&+99B!F'//6!&#'!7*8!?'%&!7.88.08!+07'(!&#'!@$-?!9'0-'!$07! 8'&&.08!*+&B!I+(!0'.8#@*(2!-*=%/$.0'7!*0'!&.='!&*!&#'!`eG2!$07!&#'>!-$='!$07! &*/7!='!&#'>!;*+/7!%+&!#.=!7*;0!.9!&#'>!8*&!$0*&#'(!-*=%/$.0&B! !

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! OP!K<2!&#'!$0&#'=!*(!oH*!&#'!"*/*(2o!.2!2*+07'76!&#'!9/$8!.2!/*;'('7B!H#'!/*;'(.08!*9!&#'!9/$8!;.//!@'!('8+/$&'7!2*!$2! &*!@'!-*=%/'&'7!;.&#!&#'!/$2&!0*&'!*9!&#'!=+2.-B!!;.//!-*='!&*! $&&'0&.*0!$07!('07'(!&#'!$%%(*%(.$&'!2$/+&'6!9$-.08!&#'!9/$8B!k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q!^$77>qL!$&!&#'!=$0!7('22'7!.0!&#'!2$='!+0.9*(=!$2!#.2!9$&#'(BXO!40!$77.&.*0!&*! &#'!+0.9*(=.&>!*9!-/*&#'2!$07!%#>2.-$/!$%%'$($0-'!M$//!2*/7.'(2!$('!2+@:'-&!&*!&#'!2$='!%#>2.-$/! 9.&0'22!2&$07$(72R!$07!&#'!@/+((.08!*9!%(.5$&'U%+@/.-!7.2&.0-&.*026!&#'!7'=*8($%#.-2!*9!&#'! =./.&$(>!-*0&'1&!-*0&(.@+&'!2&(+-&+($//>!&*!%*&'0&.$/!.09.7'/.&>B!a$/9!*9!&#'!('8+/$(!<(=>!.2! =$((.'76!@+&!&#'!*&#'(!#$/96!=$0>!*9!&#'!>*+08'2&!2*/7.'(26!$('!0*&B!F#./'!&#'!$(=>!=.8#&! %*(&($>!.&2'/9!$2!$!9$=./>U9(.'07/>!'05.(*0='0&6!*0'!.0&'(5.';''!7'2-(.@'7!&#'!-*==+0.&>!$2!$! Kc.&&/'!c$2!k'8$2L!=$7'!+%!*9!KXT!#*+(!('/$&.*02#.%2BL!`*2&!.0&'(5.';''2!7.2-+22'7!;#$&!&#'>! %'(-'.5'7!$2!&#'!%('5$/'0-'!*9!.09.7'/.&>6!%$(&.-+/$(/>!*0!$!%*2&!/.?'!)*(&!i$-?2*0!&#$&!#*+2'7! &;*!7.5.2.*02B!F#'0!*0'!7.5.2.*0!;$2!7'%/*>'7!*5'(2'$26!&#'!*&#'(!;*+/7!@'!#*='B! 40&'(5.';''2!7'9.0'7!@$7!$(=>!2%*+2'2!$2!&#'!*0'2!;#*!K2&($>'7L!;#./'!&#'.(!#+2@$072!;'('! 7'%/*>'7B!`*2&!2$.7!&#'>!?0';!*9!.0-.7'0&2!*9!.09.7'/.&>B!<&!)*(&!i$-?2*06!;.5'2!;#*!;'('!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! XY!I0'!;$>!*9!&#.0?.08!*9!&#'!7.99'('0-'2!@'&;''0!#*;!('8+/$(!$(=>!$07!0$&.*0$/!8+$(7!;.5'2!&#.0?!*9!&#'.(! ('/$&.*02#.%2!.2!.0!&'(=2!*9!&#'!?.07!*9!/*5'!*@:'-&2!&#$&!&#'.(!#+2@$072!@'-*='!9*(!&#'=!.0!&#'!/[email protected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email protected]$/'0&!9''/.082!&*;$(7!$!=$0!&#'>!@*&#!-#'(.2#!$2!$!#+2@$07!M/*5'R!$07!$(*+07!;#*=!&#'>!$/2*!($//>!$2!$! 2*/7.'(!M7'$&#R6!('$7>!&*!8.5'!#.2!/.9'!9*(!$!8('$&'(!-$+2'B!! XO!40&'(5.';''2!*9&'0!2#$('7!$--*+0&2!*9!-#./7('0G2!('$-&.*02!&#$&!=.8#&!2&$07!.0!9*(!&#'.(!*;0!.0$7=.22.@/'!*(! +0-*02-.*+2!2'0&.='0&2A!&#'!-#./7!;#*!/*2&!$!9$&#'(!$07!&*/7!'5'(>*0'!.0!&#'!0'.8#@*(#**7!&#$&!&#'.(!9$&#'(2!;'('! 8*.08!&*!7.'!$2!;'//h!&#'!&''0$8'(!;#*!7+(.08!$0!.0&'(5.';!2$.76!Kl'$#6!.9!*0/>!7$7!#$7!7.'7!*0!7'%/*>='0&6!;'! ;*+/7!#$5'!8*&&'0!p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l*+!$('!/*0'/>6!>*+!$('!2$76!>*+!$('!$08(>!;.&#!#.=!9*(!8*.08B!<07! &#'('!.2!$//!&#.2!*%%*(&+0.&>!*+&!&#'('B!a$/9!$!7.5.2.*0!*9!#*(0>!2*/7.'(2B!a+07('72! *9!/*0'/>!;.5'2B!F#$&!7*!>*+!&#.0?!.2!8*.08!&*!#$%%'0E! ! H#.2!($.2'2!&#'!C+'2&.*0!$2!&*!;#'&#'(!$7+/&'(>!.2!$2!-*==*0!$2!.0&'(5.';''2!&#.0?B!I0'!$(=>! 2%*+2'!;#*!#$2!%+@/.2#'7!$!-*//'-&.*0!*9!2#*(&!2&*(.'2!7($;0!9(*=!#'(!/.9'!*0!)*(&!i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b.07!*9!;'.(7B!4!9''/!?.07!*9!;'.(7B!4!:+2&!2%'0&!$0!#*+(!$07!$!#$/9!&$/?.08!$@*+&! 2&+99!4!+2+$//>!2%'07!'5'(>!=.0+&'!*9!'5'(>!7$>!&(>.08!0*&!&*!'5'0!&#.0?!*9B!4! 0'5'(!&$/?!$@*+&!#.=!7>.08!;.&#!8.(/9(.'0726!*&#'(!;.5'2B!<07!4!0'5'(!&$/?!$@*+&!.&! ;.&#!#.=B!H#$&G2!9*(!2+('B! ! ]+&!&#'!%*22.@./.&>!*9!5.*/'0&!7'$&#!.2!$!9+07$='0&$/!$07!+0.C+'!%$(&!*9!&#'!$(=>!'05.(*0='0&B! <2!*0'!='7.-$/!*99.-'(!.0!$!,+07$>!2-#**/!-/$22!9*(!$(=>!-*+%/'2!$&!$0!*99U@$2'!-#+(-#!0'$(!)*(&! i$-?2*0!'1%/$.0'7A! ! ^'$&#!.2!/.?'!&#'!'/'%#$0&!.0!&#'!(**=B!4&G2!%$(&!*9!=>!=$((.$8'B!4&G2!;#$&!4!@(.08! #*='B!4&G2!%$(&!*9!$//!*9!*+(!=$((.$8'2B!4!$=!0*&!.0!$2!=+-#!7$08'(!$2!*&#'(!8+>2! @+&!4!2''!$!/*&!.0!=>!;*(?B!4!$=!$(*+07!$!/*&!*9!.&B!!]+&!4!*0/>!9''/!/.?'!4!-$0!&$/?! $@*+&!.&!;#'0!4!$=!#'('!M.0!&#'!-#+(-#!8(*+%!*9!$(=>!-*+%/'2RB! ! f/&.=$&'/>6!&#'!<(=>!$2?2!2*/7.'(26!;#'&#'(!.09$0&(>6!#*2%.&$/!-*(%2!*(!$5.$&.*06!&*!%+&! &#'=2'/5'2!.0!#$(=G2!;$>!$07!9$-'!&#'!%*22.@./.&>!*9!7'$&#B!<2!i$0*;.&J!%*.0&2!*+&6!2*/7.'(2!$('! 2.08+/$(/>!K'1%'(&2!.0!;$(U=$?.08!$07!.0!&#'!*(8$0.J'7!+2'!*9!5.*/'0-'L!MOPQYAO3RB!!N.5'0!&#.26!.&! .2!.0&'('2&.08!&#$&!&#'!9$-&!.2!($('/>!'1%('22'7h!.&!.26!$2!&#'!2*/7.'(!$@*5'!%+&!.&6!K&#'!'/'%#$0&!.0! &#'!(**=BL!! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! QP! e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f0/.?'!.0!0$&.*0$/!8+$(7!+0.&26!-*02.7'('7!.0!&#'!0'1&!2'-&.*06!&#'! .0&'02.&>!*9!-*//'-&.5'!/.9'!.0!&#'!('8+/$(!<(=>!.2!-*02&$0&6!@+&!&($02.'0&B!4&!?''%2!8*.08!*06!:+2&!.0! $!0';!/*-$&.*0B!]'.08!%$(&!*9!2*='&#[email protected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rB!]+&!.0!&#'!='$0&.='6!;'!$('!$//!#'$(.08!9(*=!&#.2!2;''&6!2$7! /.&&/'!?.7!;#$&!0*0'!*9!+2!;$0&!&*!&#.0?!@+&!?0*;!.2!?.07!*9!&(+'B!l*+!?0*;6!/.?'! &#.2!/.&&/'!?.7!&'//.08!*+([email protected]!2'-('&B!l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a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d!&#$0!$2!$! ('$-&.*0!&*!&#'!.0&'02.&>!*9!7*.08!&#'.(!7+&>!&*!&#'!0$&.*0B!!! ! A4+!0#*(,%&-.((!&)(,+$%&0,!&24(1#*#"#*(,!! ! i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email protected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l'$#6!&#'('!$('!2*='!('$//>!@.&-#'2!*+&! &#'('!%('>.08!*0!&#'2'!>*+086!7+=@!2*/7.'(2B! !

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! XX!H#.2!('$-&.*0!&*!.=%'07.08!'0-(*$-#='0&!$07!&*!&#'!'1%$02.5'!2*-.$/!5$/+'2!&#$&!:+2&.9>!.&!.2!2.=./$(!&*!&#'! ='-#$0.2=!*9!K2*-.$/!('8('22.*0L!*@2'(5'7!@>!e#./.%!,/$&'(!MOPQdRB!40!&#'!-*=%'&.&.*0!9*(!/[email protected]$/!-*==.&='0&6! 2*-.'&>!$07!(*=$0&.-!-*+%/'2!;*(?!*+&!-'(&$.0!-*=%(*=.2'2!&#$&!$//*;!9*(!&#'!%$(&0'(2!&*!('8('22!*(!;.($;! &#'.(!'0'(8.'2!@$-?!&*;$(72!&#'.(!*;0!('/$&.5'/>!'1-/+2.5'6!$=*(*+2!;*(/7!MOPQdAdTdRB!! Xd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pX3Y6YYYBX3!,*='!='0&.*0'7!&#$&!*99.-'(2G!9$=./.'2!;*+/7!('-'.5'!=*('!$07!&#*2'!;#*! %+(-#$2'7!$77.&.*0$/!/.9'!.02+($0-'!%*/.-.'2!'1-/+2.5'/>!$5$./$@/'!&*!=./.&$(>!%'(2*00'/!;*+/7! ('-'.5'!'5'0!=*('B!<2!;.&#!*&#'(!7.99.-+/&!&*!'1%('22!9'$&+('2!*9!=./.&$(>!/.9'!M2''!-#./7G2! =.2('-*80.&.*0!*9!K7$77>L!$@*5'R6!-#./7('0!*9&'0!%(*5.7'7!&#'!@'2&!'1$=%/'2B!I0'!&''0$8'(! @/+(&'7!*+&!;#'0!4!;$2!.0&'(5.';.08!#'(!=*&#'(!$@*+&!#'(!#+2@$07G2!/$2&!7'%/*>='0&6!Kl'$#6!.9! 7$7!#$7!*0/>!7.'76!&#'06!;'!;*+/7!@'!(.-#BL!H#'!=*&#'(!$07!*&#'(!2%*+2'2!-(.08'!$&!&#'! 2+88'2&.*0!*9!K@/**7!=*0'>L!*(!*&#'(!9*(=2!*9!-*=%'02$&.*0!7'(.5'7!9(*=!&#'.(!/*5'7!*0'G2! 2+99'(.08BXQ!!!^($;.08!$;$>!9(*=!&#$&!0*&.*06!&#'>!$5*.7!+2.08!&#'!:+2&.9.-$&.*0!*9!*@/.8$&.*0! ;#.-#!;*+/7!2+88'2&!&#'>!$('!&($7.08!&#'!/.9'!*9!&#'.(!#+2@$07!9*(!%'(2*0$/6!=$&'(.$/!8$.0B! c$2&/>6!&#'!=./.&$(>!-*0&'1&!.&2'/9!$&&($-&2!$!7.2-*+(2'6!.9!0*&!&#'!$-&+$/!%($-&.-'6!*9! %(*2&.&+&.*0B!H#(*+8#*+&!#.2&*(>6!.&!2''=2!&#$&!;#'('!&#'!<(=>!8*'26!2*!8*!;*='0!2'//.08! 2'1+$/!2'(5.-'2!M`$>'(!OPPQ6!!&#.2!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! XT!4!#$5'!0*&.-'7!$!0+=@'(!*9!*&#'(!('5'(2$/2!.0!&#.2!%(*:'-&B!I0'!.2!&#'!9('C+'0&/>!#'$(7!$22'(&.*0!&#$&!2*/7.'(2G! =*($/'!7'%'072!*0!&#'.(!;.5'2G!7.2%*2.&.*0!&*;$(7!&#'!=./.&$(>!M`-"/+('!OPPP6!F'-#2/'(U,'8$/!OPVVAPd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c$e/$0-#'!\!e*0&$/.2!OPSdA!dPPR!@>!;#.-#!&#'!-*==+0.&>!=$?'2!7.2&+(@.08!$2%'-&2!*9!.&2!('$/.&>! M=./.&$(>!2'(5.-'!%/$-'2!$!&'((.@/'!@+(7'0!*0!;.5'2h!&#'!=./.&$(>!-*02+='2!7;.07/.08!'-*0*=.-!2+(%/+2'2h!!.&2!;*(?! .2!/$(8'/>!+0%(*7+-&.5'h!$07!.&!$2?2!.&2!='=@'(2!&*!%$(&.-.%$&'!.0!2*='&.='2!9$&$/!$-&2!*9!5.*/'0-'R!=*('! $--'%&$@/'B! X3!<-&+$//>6!K&#*2'!;#*2'!7'$&#!.2!$2!$!('2+/&!*9!#*2&./'!$-&.*02!$07!*--+(('7!.0!$!7'2.80$&'7!-*=@$&!*%'($&.*0!*(! -*=@$&!J*0'!*(!;#./'!&($.0.08!9*(!-*=@$&!*(!%'(9*(=.08!#$J$(7*+2!7+&>6!&#'!%$>='0&!.2!pOYY6YYYL! M#&&%Agg+2=./.&$(>B$@*+&B-*=g*7g&#'*(7'(/>(**=g$g$7+&>7'$&#B#&=RB!H#'!%$>='0&6!?0*;0!$2!&#'!K7'$&#! 8($&+.&>6L!.2!$;$(7'7!&*!2+(5.5*(2!.0!$!%$(&.-+/$(!*(7'(h!K/$;9+/!/.5.08!2%*+2'L!.2!$&!&#'!&*%!*9!&#'!/.2&! M#&&%Agg;;;B=./.&$(>B-*=g@'0'9.&2g-*0&'0&g2+(5.5*(U@'0'9.&2g7'$&#U8($&+.&>B#&=/RB! XQ!H#.2!%('2'0&2!$0!+02*/5$@/'!%(*@/'=!9*(!&#*2'!&$2?'7!;.&#!$='/.*($&.08!&#'!#$(72#.%2!*9!=./.&$(>!9$=./.'2h!0*! 2%*+2'!;$0&2!&*!2$>!2#'!.2!#$%%>6!-*0&'0&6!*(!2$&.29.'7!;#./'!#'(!#+2@$07!.2!.0!#$(=G2!;$>B!40!&#.26!&#'!/*8.-!*9! 2$-(.9.-'!$07!&#'!/*8.-!*9!$!($&.*0$//>!$7=.0.2&'('7!2*-.'&>!&#$&!2''?2!&*!*%&.=.J'!-+2&*='(g5*&'(g-/.'0&!2$&.29$-&.*0! -*//.7'B! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! SX! =.8#&!@'6XS!@+&!#'('!.&!2+99.-'2!&*!0*&'!&#$&!;*='0!;#*!$('!=$((.'7!&*!2*/7.'(2!=.8#&!@'! &$.0&'7!@>!$22*-.$&.*0B!<2!*0'!>*+08!('8+/$(!$(=>!2%*+2'6!;#*!='&!#'(!#+2@$07!;#'0!#'!$07! #'(!9$=./>!;'('!@*&#!2&$&.*0'7!.0!b*('$6!'1%/$.02A! ! 4!;$2!2&.//!.0!#.8#!2-#**/B!4!7$&'7!$!-*+%/'!*9!2*/7.'(2!@'9*('!4!='&!#.=B!4!8+'22! &#'>!;'('!8/$7!&*!9.07!/.?'!2*='!('8+/$(!8.(/2!;#*!;*+/7!7$&'!&#'=B!H#'!b*('$0! /$7.'2!;*+/70G&6!+0/'22!&#'>!;'('!;#*('2B!<07!$!/*&!*9!8+>2!;'('!8*.08!&*!&#*2'! ?.072!*9!@$(2B!H#'('!$//!$(*+07!&#'!@$2'2!&#'('B!<07!$!/*&!*9!&#*2'!;#*('2!;'('! &(>.08!&*!=$((>!&#'=B!]+&!4!;$20G&!/.?'!&#$&B!i+2&!&#'!*%%*2.&'B!`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

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! XSI@5.*+2/>6!&#'('!$('!/$(8'!0+=@'(2!*9!+0$&&$-#'7!>*+08!='0!;.&#!.0-*='2B!`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k.(8.0.$6!;*+/7!*9&'0!2$>6!KN**7! 8.(/2!7*0G&!8*!;.&#!2$./*(2BL! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! Sd! M&#*+8#!Odj!*9!$(=>!-*+%/'2!$('!7+$/U-$(''(!m,/*$0!F*(?!$07!)$=./>!Z'2'$(-#!W'&;*(?!XYYPnRB! H*!$--'22!('2*+(-'2!$07!2'(5.-'26!;.5'2!*9&'0!0''7!9*(=2!&*!@'!2.80'7!@>!&#'.(!K2%*02*(L!D! &#'.(!2*/7.'(!#+2@$07B!F.5'2!$('!('2&(.-&'7!9(*=!-'(&$.0!$('$2!*9!.02&$//$&.*02!$07!%(*#.@.&'7! 9(*=!;'$(.08!$0>!%$(&!*9!&#'!$(=>!+0.9*(=B!<(=>!;.5'2!#$5'!&#'.(!#+2@$072G!2*-.$/!2'-+(.&>! 0+=@'(26!0'-'22$(>!9*(!=*2&!@+('$+-($&.-!9*(=26!-*==.&&'7!&*!='=*(>B!H#'!-*==$07!#$2!$! %'-+/.$(!('/$&.*02#.%!&*!2%*+2'2h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a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

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! XV!4!@'-$='!2'02.&.5'!&*!&#.2!7.2&.0-&.*0!;#'0!$%%(*$-#.08!=./.&$(>!8$&'!?''%'(2!9*(!$--'22!&*!.0&'(5.';!2+@:'-&2B! ,''!"#$%&'(!4B! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! ST! 9*-+2!-*='!&*!&#'!9*('!;#'0!$(=>!;.5'2!/.5.08!*0!*(!0'$(!/$(8'!.02&$//$&.*02!&#.0?!$@*+&!&#'.(! =./.&$(>!=$((.$8'2B! ! C0)*.*04*#$&9*#>&)*.*#04$&6*(.+,'+& ! H#*+8#!$2%'-&2!*9!&#'!=./.&$(>!-*0&'1&!;*(?!&*!7.2&$0-'!=./.&$(>!;.5'2!9(*=!/.9'!;.&#.0! &#'!.02&.&+&.*06!('8+/$(!$(=>!2%*+2'2!$('!=*('!9$=./.$(!;.&#!&#'!('$/.&.'2!*9!=./.&$(>!5.*/'0-'! &#$0!&#'.(!-*+0&'(%$(&2!/.5.08!.0!-.5./.$0!-*==+0.&.'2B!49!0*&!.0!&#'.(!#+2@$07G2!*;0!+0.&6!=*2&! 2%*+2'26!8.5'0!&#'!-*0-'0&($&.*0!*9!=./.&$(>!%'(2*00'/!*0!$!='8$U@$2'!/.?'!)*(&!i$-?2*06!?0';! *9!2*='!2*/7.'(!;#*!#$7!@''0!2'(.*+2/>!.0:+('7!*(!?.//'7B!!2%*+2'2!-*+/7!('-$//! 2+-#!$0!.0-.7'0&!&#$&!%('7$&'7!&#'.(!#+2@$072G!9.(2&!*5'(2'$2!-*=@$&!7'%/*>='0&2B!!,%*+2'2! /.5.08!.0!&#'!=./.&$(>!'05.(*0='0&!$('!7'9.0.&'/>!=*('!$;$('!*9!&#'!7$08'(2!$22*-.$&'7!;.&#! 2'(5.08!.0!&#'!=./.&$(>!&#$0!&#'!&>%.-$/!-.5./.$0B!H#.2!$;$('0'22!.0-/+7'2!&#'!9$-&!&#$&!0*&!$//! %*2.&.*02!.0!&#'!<(=>!$('!7$08'(*+2h!2*='!%*2.&.*02!$('!=+-#!(.2?.'(!&#$0!*&#'(2h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h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

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! XP!40!XYOY6!&#'!7'$&#!($&'!9(*=!K#*2&./'!$-&.*0L!;$2!XQBV!%'(!OYY6YYY!2'(5.-'!='=@'(2B!4&!;$2!XXB3!%'(!OYY6YYY! 2'(5.-'!='=@'(2!9*(!K$--.7'0&2L!M^'9'02'!`$0%*;'(!^$&$!"'0&'(!XYOYRB!40!XYYV6!*0'!#+07('7!$07!&;'0&>U2.1! 2'(5.-'!='=@'(2!;'('!?.//'7!.0!=*&*(->-/'!$--.7'0&2!$/*0'!M`$(?+2!XYYPRB! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! S3! ! <@2*/+&'/>B!4!$=!&*&$//>!#*0'2&!;.&#!#.=B!4!&#.0?!.&G2!@'-$+2'!#'!&(+2&2!='!&*!@'! $@/'!&*!#$07/'!.&B!H*!7*!=>!:*@rBB!<@2*/+&'/>B!]'-$+2'!4!&(+2&!#.=!&*!7*!#.2!:*@B!4&! ;*+/70G&!;*(?!.9!;'!-*+/70G&!('/>!*0!'$-#!*&#'(!&*!7*!*+(!:*@2B!i+2&!/.?'!#'!#$2!&*! ('/>!*0!&#'!*&#'(!8+>2!.0!#.2!+0.&B! ! i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`.?'!.2!&#'!?.07!*9!8+>!;#*!;$0&2!&*!@'!.0!&#'!=.77/'!*9!&#'!2#.&B!I+&!.0! &#'!9(*0&!;.&#!#.2!8+>2B!]+&!0*;!#'!.2!$!-$%&$.0!$07!$22.80'7!&*!&#.2!$5.$&.*0! @(.8$7'B!H#$&G2!?.//.08!#.=B!]+&!4!/*5'!.&B! ! 49!&#.0?.08!.0!&'(=2!*9!7+&>!&($02/$&'2!7'$&#!$07!.0:+(>!.0&*!='$0.089+/!2$-(.9.-'!(';$(7'7!;.&#! #*0*(!$07!%('2&.8'6!.&!.2!$&!*772!;.&#!&#'!($0?!2&(+-&+('!&#$&!2'(5'2!$2!&#'!%('7*=.0$0&6! '5'(>7$>!2&$&+2!#.'($(-#>!;.&#.0!&#'!=./.&$(>!-*0&'1&B!,*/7.'(2!;#*!$('!=*2&!/.?'/>!&*!2+99'(! .0:+(>!*(!&*!7.'!$('!0*&!&#'!*0'2!.0!-#$(8'BdY!! H#*+8#!&#'('!.2!$0!*9&'0!0*&'7!-*+0&'(5$./.08!7'2.('!0*&!&*!'1&'07!#+2@$072G!($0?2!&*! .0&'($-&.*02!@'&;''0!2%*+2'2!$07!-#./7('06!&#'!;.5'2!*9!*99.-'(2!$('!+2+$//>!&#'!*0'2!.0!-#$(8'! *9!9$=./>!('$7.0'22!8(*+%2!$07!*&#'(!2*-.$/!9+0-&.*02!9*(!&#'!+0.&B!I99.-.$//>6!&#'!/'$7'(!*9!&#'! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! dY!,''!2&$&.2&.-2!-*=%$(.08!*99.-'(!$07!'0/.2&'7!-$2+$/&>!($&'2!.0!"#$%&'(!XB!40!&#'!W$&.*0$/!N+$(76!&#'('!.2!$0*&#'(! %*22.@/'!.05'(2.*0!*9!2&$&+2!#.'($(-#>!.0!&#$&!$!2*/7.'(!=.8#&!*+&($0?!2*='*0'!.0!&#'!N+$(7!;#*!.2!&#'.(!2+%'(.*(!.0! &#'!-.5./.$0!;*(/76!'.&#'(!&#'.(!@*226!*/7'(!('/$&.5'6!-#+(-#!-/'(8>6!'&-B!Mc&!F.//.$=!`$(&.0!"

! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! SQ! )$=./>!Z'$7.0'22!N(*+%!M)ZNR!-$0!@'!$0>!*0'!0*&!.0!+0.9*(=!-#*2'0!@>!'.&#'(!&#'!-*==$07.08! *99.-'(!*(!@>!'/'-&.*0!9(*=!&#'!8(*+%!='=@'(2BdO!`*2&!&>%.-$//>6!#*;'5'(6!&#'!)ZN!/'$7'(!.2!&#'! -*==$07.08!*99.-'(G2!2%*+2'B!,#'!K5*/+0&''(2L!?0*;.08!&#$&!&#'!2+--'22!*9!#.2!-*==$07!.2! .=%*(&$0&!&*!#.2!-$(''(!$07!&#$&!$0!'99'-&.5'!)ZN!-$0!-*0&(.@+&'!&*!&#$&!2+--'22B!! `$0>!.0&'(5.';''2!('/$&'7!7.99.-+/&.'2!;.&#!&#'.(!)ZN6!=*('!*9!;#.-#!;.//!@'!%('2'0&'7!.0! &#'!2+@2'C+'0&!-#$%&'(!*0!7'%/*>='0&B!)*(!0*;6!.&!2+99.-'2!&*!%*.0&!*+&!#*;!&#'!)ZN! .//+=.0$&'2!&#'!.05'(2'!$07!-*09/.-&.08!#.'($(-#.'2!*9!2&$&+2!$07!(.2?!.0!&#'!=./.&$(>!-*0&'1&!$07! #*;!&#.2!.05'(2.*0!-*0&(.@+&'2!&*!-*==.&='0&!-*=.08!@'9*('!7+&>!.0!&#'!&#.0?.08!*9!('8+/$(! $(=>!2%*+2'2B!! ,%*+2'2!*9!'0/.2&'7!2*/7.'(2!('%*(&'7!&#'.(!9(+2&($&.*02!;.&#!)ZNG2!7*=.0$&'7!@>! *99.-'(2G!;.5'26!;#*!&#'=2'/5'2!-*=%/$.0'7!*9!0*&!@'.08!$@/'!&*!('/$&'!&*!&#'!%(*@/'=2!*9! '0/.2&'7!9$=./.'2B!! I99.-'(2G!;.5'2!$/2*!-(.&.-.J'7!'0/.2&'7!;.5'2!9*(!/$-?.08!$0!.0&'('2&!.0!&#'.(!#+2@$072G! -$(''(6!9*(!0*&!@'-*=.08!=*('!.05*/5'7!$07!.09*(='7B!I0!&#'!*&#'(!#$076!'0/.2&'7!;.5'2! -(.&.-.J'7!*99.-'(!;.5'2!9*(!K;'$(.08!&#'.(!#+2@$072G!($0?6L!-$((>.08!$(*+07!$0!+07'2'(5'7!2'02'! *9!'0&.&/'='0&6!$07!#$5.08!K0*!/.9'!*9!&#'.(!*;0BL!<2!*0'!*99.-'(G2!;.9'!2#$('7A! ! 4!:+2&!7*0G&!8'&!&#'2'!;*='0!M=$((.'7!&*!'0/.2&'7!2*/7.'(2RB!H#'>!7*0G&!2''=!&*! -$('!$@*+&!#.2!:*@B!H#'>!7*0G&!@*&#'(!&*!/'$(0!;#$&!#'!7*'2B!I(!@'-*='!.05*/5'7! $&!$//!;.&#!&#'!+0.&!*(!&#'!)ZNB!<07!&#'0!;#'0!@$7!2&+99!#$%%'026!&#'>!8'&!$08(>! $@*+&!0*&!+07'(2&$07.08B! ! I0!&#'!*&#'(!#$076!$!2%*+2'!*9!$0!'0/.2&'7!2*/7.'(!7'2-(.@'7!$!;*=$0!2#'!='&!$&!$!@$2'U;.7'! =''&.08!9*(!2%*+2'2!*9!7'%/*>'7!2*/7.'(2A! ! I#6!2#'!/'&!+2!?0*;!.=='7.$&'/>!&#$&!2#'!;$2!`(2B!"*/*0'/!,*U$07U,*B!<07!.&! &+(02!*+&!&#$&G2!$//!2#'!;$2B!<0!*99.-'(G2!;.9'!$07!=*&#'(!&*!#.2!?.72B!,#'!#$7!0*! /.9'6!0*!:*@6!0*!9(.'0726!*(!$0>&#.08!&#$&!;$20G&!$@*+&!@'.08!`(2B!"*/*0'/!,*U$07U ,*B! ! H#'2'!7.99'('0-'2!@'&;''0!*99.-'(!$07!'0/.2&'7!9$=./.'2!$('!=*2&/>!'1%'(.'0-'7!7+(.08!%'(.*72! *9!.0&'02'!2&('22!$07!;*((>B!e'(#$%2!0*;#'('!'/2'!.0!<='(.-$0!2*-.'&>!7*!9$=./.'2!9(*=!2+-#! 7.99'('0&!2*-.*'-*0*=.-!@$-?8(*+072!2#$('!2+-#!-(.&.-$/!'1%'(.'0-'2!$2!*5'(2'$2!-*=@$&! 7'%/*>='0&BdX!! [0/.2&'7!;.5'2!$07!&#'!;.5'2!*9!0*0U-*==.22.*0'7!*99.-'(26!;#*!$('!*9&'0!*/7'(!$07! =*('!'1%'(.'0-'7!&#$0!&#'!&>%.-$//>!>*+08'(!;.5'2!*9!-$%&$.02!*(!/.'+&'0$0&26!9'/&!7.2('8$(7'7! @>!)ZN!/'$7'(2B!!H#'>!2$;!&#'2'!/'$7'(2!$2!=*('!.0&'('2&'7!.0!&#'!-*==$07'(G2!-$(''(!&#$0!&#'! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! dO!#&&%Agg;;;B9*(&@($88=;(B-*=g9(8B%#%sdB! dX!40!&#'!%'(.*72!.0!;#.-#!=*2&!'0/.2&'7!2*/7.'(2!;'('!+0=$((.'76!&#.2!;$2!%(*@$@/>!0*&!$!%(*@/'=B!^+(.08!&#'! Z'5*/+&.*0$(>!F$(6!#*;'5'(6!N'0'($/!F$2#.08&*0!$07!#.2!*99.-'(2!;'('!K7.2=$>'7!@>!;#.&'!;*='0!.0!&#'!/*;'(! ($0?2!*9!2*-.'&>!;#*!2''='7!&*!9*//*;!$!&*&$//>!7.99'('0&!2*-.$/!-*7'L!$07!;#*!7.7!2*!.0!&#'!('/$&.5'/>!%+@/.-!2%$-'! *9!&#'!"*0&.0'0&$/!<(=>G2!-$=%2!M`$>'(!OPPQAOXSRB! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! SS! ;'//U@'.08!*9!&#'!2*/7.'(2!$07!&#'.(!9$=./.'2B!<0!'0/.2&'7!9/.8#&!='-#$0.-G2!;.9'!9'/&!&#$&!&#'!)ZN6! /'7!@>!&#'!-*==$07'(G2!;.9'6!;$2!K(+0!=*('!9*(!&#'!$75$0-'='0&!*9!m&#'!-$%&$.0G2n!-$(''(L! &#$0!.0!&#'!.0&'('2&!*9!K$-&+$//>!#'/%.08!&#'!9$=./.'2!.0!&(*+@/'B!49!&#'('!;'('!'5'(!$0>!%(*@/'=26! 2#'!M&#'!)ZN!/'$7'(R!;$2!$//!$@*+&!#+2#.08!&#'=!+%BL!!! H#'!'0/.2&'7!;.5'2!*9&'0!2%*?'!*9!@'.08!+07'(U$%%('-.$&'7!$07!('2'0&.08!;#$&!&#'>!2$;! $2!%'(2.2&'0&!9$5*(.&.2=!$=*08!&#'!)ZN!/'$7'(2!9*(!*&#'(!*99.-'(2G!;.5'2B!I0'!;.9'!*9!$!2'(8'$0&! $22.2&'7!&#'!)ZN!/'$7'(!7+(.08!#'(!#+2@$07G2!+0.&G2!9.(2&!*5'(2'$2!7'%/*>='0&!$2!$!K%'(2*0!*9! -*0&$-&L!*(!e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dd! ! <0!'0/.2&'7!;.9'!%(*5.7'7!$0*&#'(!'1$=%/'!.05*/5.08!#'(!)ZN!/'$7'(!;#*!-*//'-&'7!9+072!9(*=! &#'!8(*+%!&*!@+>!9/*;'(2!9*(!&#'!9+0'($/!*9!$!/.'+&'0$0&G2!8($079$&#'(B![$(/.'(!$0!'0/.2&'7!2*/7.'(! #$7!/*2&!#.2!9$&#'(6!@+&!0*!9/*;'(2!;'('!2'0&!9(*=!&#'!)ZNB!40!$0!$0*0>=*+2!%*2&.08!*0!$0! $(=>!2%*+2'!@/*8!2.&'6!2#'!;(*&'A! ! ,*!;'!-*//'-&'7!=*0'>!9*(!#.2!8($079$&#'(B!<07!-$(72!;'('!-.(-+/$&'7!$07!2'0&B! ]+&!@'9*('!;#'0!"*(%*($/!H#*=$2G2!7$7!7.'76!0*&#.08B!i+2&!@'-$+2'!>*+G('! '0/.2&'76!7*'2!&#$&!='$0!>*+(!9$=./>!.20G&!;*(&#!.&E!`$>@'!>*+!-$0G&!2-*('! @(*;0.'!%*.0&2!;.&#!$!-*(%*($/B!]+&!$!-*(%*($/!2&.//!8(.'5'2B!l*+!?0*;E!H#$&!?.07! *9!2&+99!:+2&!('$//>6!('$//>!%.22'7!='!*99B! ! F#$&!.2!.0&'('2&.08!.2!&#$&!&#'!.0-*02.2&'0->!;$2!0*&!$--'%&'7!$2!%$(&!*9!&#'!0$&+($/!2*-.$/! *(7'(B!40!&#'!-*0&'1&!*9!;$(!$07!&#'!+0'C+$/!%(*@$@./.&>!*9!7'$!.&!7.7!0*&!'2-$%'!&#'!0*&.-'!*9! &#.2!'0/.2&'7!=$0G2!;.9'B!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! dd!H#'!)ZN!/'$7'(!=.8#&!@$@>U2.&!&#'!-#./7('0!*9!$0*&#'(!/.'+&'0$0&!$2!$!9$5*(!&*!$!9(.'07B!49!2#'!7*'2!0*&!@$@>2.&! &#'!-#./7('0!*9!$!2'(8'$0&!*(!-*(%*($/6!&#$&!;$2!-*02&(+'76!.0!&#'!*%.0.*0!*9!'0/.2&'7!;.5'2!$07!.0!&#'!-*0&'1&!*9! &#'!)ZN6!$2!9$5*(.&.2=B!!

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`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`$-/'$0!\![/7'(!XYYS6!,$=%2*0!\!c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dT6!%$($8($%#!QX6!*9!&#'!f0.9.'7! "*7'!*9!`./.&$(>!i+2&.-'dT!I0'!('8+/$(!$(=>!2%*+2'6!;#*!@'-$='!2'%$($&'7!9(*=!#'(!#+2@$07! @'9*('!#'!7'%/*>'76!;$2!0*&!('-'.5.08!&#'!9.0$0-.$/!2+%%*(&!9(*=!#'(!#+2@$07!&#$&!#'! %(*=.2'7B!,#'!'1%/$.0'7A! ! 4!;'0&!.0&*!&#'!('$(!7'&$-#='0&!m)+)-+41&(7&0&!+2.($+!&",*#&#>0#&4+)0*,& 1#0#+1*!+&9*#>&#>+&70)*.*+1n!$07!&*/7!&#'!('$7!7'&$-#='0&!-*==$07'(!&#'! 2.&+$&.*0B!`*0'>!;$2!.0!=>!@$0?!&#'!0'1&!`*07$>B! ! F#./'!2*='!;.5'2!;'/-*='!$(=>!7.2-.%/.0'!$07!2&(+-&+('!$2!;$>2!&*!&$='!&#'.(!#+2@$0726! *&#'(2!'=@($-'!&#'!=$0>!;$>2!.0!;#.-#!&#'!<(=>!-#$//'08'2!&#'.(!='0!$07!8.5'2!&#'=!$!;$>! &*!9+/9.//!&#'.(!$=@.&.*02Bd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d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

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! dT!#&&%Agg;;;B$+B$9B=./g$+g$;-g$;-8$&'g+-=:B#&=B! d3!H#.2!7.99'('0-'6!@'&;''0!&#'!7(.5'06!9*-+2'7!#+2@$07!;#*!+2'2!&#'!<(=>!&*!-#$//'08'!#.=2'/9! $07!&#'!$.=/'226!/$>U$@*+&!#+2@$07!;#*!.2!2#$%'7!@>!&#'!<(=>6!;$2!('9/'-&'7!.0!$0!.02&$0-'!*9!&($029'('0-'!.0!&#'! ('2'$(-#!%(*-'22B!Z'2'$(-#!$22.2&$0&2!&($02-([email protected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email protected]!#'(!%/'$2+('!$&!2''.08!#'(!#+2@$07!9*(!&#'!9.(2&!&.='!2.0-'! -*=%/'&.08!#.2!@$2.-!&($.0.086!&*!@'!=*('!*%'0!$@*+&!&#'!%#>2.-$/!@'0'9.&2!*9!#$5.08!$!#+2@$07! .0!&#'!<(=>A! ! H#'('G2!0*&#.08!/.?'!2''.08!$!8(*+%!*9!9.&!2*/7.'(2!$//!2&$07.08!$&!$&&'0&.*0B!4!/*5'! &#'!#$(76!9.(=!=$0!&#$&!&#'!<(=>!8$5'!='!@$-?rBI&#'(!#+2@$072!8*!$//!2*9&!$07! 9$&B!]+&!.9!#'!2&$>2!.0!&#'!<(=>6!#'G2!8*.08!&*!#$5'!&*!2&$>!#$(7!$07!#$072*='B! ^$=06!#'G2!2*!9.0'Bd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`*2&! e$&(.*&.-!".&>!.0!<='(.-$L!$07!2+2%'-&'7!-.5./.$0!@+2.0'22'[email protected]+.&*+2!2.802!*9!2+%%*(&!$2!@'.08! 2'/9U2'(5.08!$75'(&.2'='0&2B!`$0>!2%*+2'2!/.5.08!*0!@$2'2!('2'0&'7!-.5./.$02!.0!8'0'($/!$07!&#'! -.5./.$0!='7.$!.0!%$(&.-+/$(!$2!=.2.09*(='7!$07!$%$&#'&.-B!! I0'!2%*+2'!9'/&!&#$&!-.5./.$02!.0!"(*225.//'6!/.5.08!;.&#.0!$!8('$&'(!=./.&$(>!-*0&'1&6!8'&! &#'!;(*08!.=%('22.*0!*9!$(=>!/.9'6!%$(&.-+/$(/>!.0!&'(=2!*9!.&2!=$&'(.$/!@'0'9.&2!$07! -*=%'02$&.*02A! ! 4!&#.0?!&#'>!&#*+8#&!;'!8*&!%$.7!$!/*&!=*('B!4!$=!8($&'9+/!9*(!;#$&!;'!8'&h!=>! #+2@$07!8'&2!%$.7!5'(>!;'//B!4!$=!8($&'9+/!9*(!&#'!('2*+(-'2B!!]+&!$!/*&!*9!-.5./.$0! %'*%/'!&#.0?!;'!$('!/.5.08!.&!+%B!/'B!!%*2&2!$('!*9&'0!/*-$&'7!.0!(+($/!$('$26!$2!.2!)*(&!i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

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! dS!H#.2!%*2&!;$2!9(*=!$0!.0&'(0'&!2.&'6!a$08$(a+88'(2B-*=6!7'7.-$&'7!&*!;*='0!$&&($-&'7!&*!='0!.0!&#'!<(=>! <5.$&.*0!]($0-#B!4&!.2!0*!/*08'(!$--'22.@/'B!! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! VO! ]+&!4!$/2*!#$5'!$!0'.8#@*(!;#*6!+=6r!4!;$2!=*;.08!9*(!&#'!9.(2&!&.='!$9&'(!=>! #+2@$07!/'9&!$076!+=6!4!;$2!=*;.086!$07!#'!$07!4!2&$(&!&$/?.086!$07!4!;$2!/.?'6! Kl'$#!=>!#+2@$07!:+2&!/'9&!>*+!?0*;!/$2&!;''?!*(!;#$&'5'(6L!$07!#'t2!/.?'!KI#6! >'$#EL!a'!2$.7!#'!;$2!8*.08B!KI?$>6!&$/?!&*!>*+!/$&'(BL!<07!4t=!/.?'6!uF*;Bu!c.?'6! 0*6!ua'>6!.9!>*+!0''7!$0>&#.08u!*(!;#$&'5'(6!+=6!$07!>*+!?0*;!#'t2!$0!*/7'(! 8'0&/'=$0!/.?'!=>!7$7t2!$8'!>*+!?0*;!2*!>*+t7!&#.0?!#'t7!9''/!$!/.&&/'!@.&!*9!&#$&! /.?'6!7$+8#&'(U9$&#'(U7$+8#&'(!&#.08B!W*%'B!v/$+8#2v!a'!#$7!0*!-*0-'(0!9*(!='! ;#.-#!.2!9.0'!-$+2'!4!7*0t&6!4!7*0t&!0''7!#.=!*(!;#$&'5'(6!@+&!.&t2!:+2&!?.07!*9! .0&'('2&.08!&#$&!2*='!%'*%/'!7*0t&!0'-'22$(./>r!/.?'!4!9''/!/.?'!$!/*&!*9!%'*%/'! 9''/6!+=6!9''/!-$//'7!&*!2'(5'!&#*2'!;#*!$('!2'(5.08B! ! 4!$2?'7!#'(!;#>!2#'!&#*+8#&!&#.2!0'.8#@*(!;$2!('/+-&$0&!&*!*99'(!#'/%B!,#'!'1%/$.0'7A! ! 4!&#.0?!9*(!#.=!.&!;$2!=*('!*9!/.?'6!#'t2!:+2&6!#'t26!4!&#.0?!&#'>t('!$!%('&&>!%(.5$&'! -*+%/'!$07!&#'>!:+2&!7*0t&6!&#'>!7*0t&!;$0&!&*!8'&!.0!=>!@+2.0'22!$07!&#'>!7*0t&! ;$0&!='!&*!8'&!.0!&#'.(2B!,*!4!&#.0?!.&t2!+=6!=$>@'!.&t2!$!2'/9!%('2'(5$&.*0!&#.08B! H#'>!&#.0?!'2%'-.$//>!;.&#!&#'!0'.8#@*(!&#$&!>*+!7*0t&!;$0&6!>*+!?0*;6!='! -*=.08!*5'(!9.5'!&.='2!$!7$>!/.?'!oBBBB*(!4!0''7!#'/%!;.&#!&#.2G!$076!4!:+2&!&#.0?!.&t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d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

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! d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c.5.08!$=*08! -.5./.$026!&#'>!+07'(2&$07!&#'.(!2.&+$&.*06!+0.C+'!$=*08!&#'.(!0'.8#@*(26!$2!9+/9.//='0&!*9!&#'.(! 7+&>!&*!&#'!0$&.*0!($&#'(!&#$0!$2!&#'!#*0*(.08!*9!$!%(.5$&'!9$=./>!-*==.&='0&B!W*(!7*!&#'>! &'07!&*!2''!.&!$2!$0!*@/.8$&.*0!.0-+(('7!&#(*+8#!$!&>%.-$/!'-*0*=.-!'1-#$08'6!$2!K:+2&!$0*&#'(! :*@BL!a*;!.2!.&!&#$&!;.5'2!/.5.08!$&!2+-#!$!7.2&$0-'!9(*=!&#'!=./.&$(>!-*0&'1&!-*='!&*!2''!&#'.(! ('/$&.*02#.%!&*!&#'.(!2*/7.'(U#+2@$07!.0!&'(=2!*9!5$/+'2!&#$&!-#$($-&'(.J'!&#'!=./.&$(>!$2!$0! .02&.&+&.*0!M`*2?*2!\!F**7!OPVVRE!! H#.2!2'-&.*0!%('2'0&2!2'5'0!9$-&*(2!.0!&#'!-.5./.$0!-*0&'1&!&#$&!@(.08!7+&>!&*!&#'!9*('!.0!$! 0$&.*0$/!8+$(7!2%*+2'G2!&#.0?.08!;#./'!;'$?'0.08!-*==.&='0&!$07!*@/.8$&.*0!$2!='$0.089+/! :+2&.9.-$&.*02B!H#'2'!9$-&*(2!$('A!('-*80.&.*0!9(*=!8($&'9+/!-.5./.$02h!9$./+('!*9!-.5./.$02!&*! '=%$&#.J'!;.&#!0$&.*0$/!8+$(7!2%*+2'2h!'1&'07'7!9$=./>h!2-#**/2!$2!2.&'2!*9!-.5.-!('/.8.*0h! .05*/5'='0&!.0!-.5./.$0!%*/.&.-$/!/.9'h!.05*/5'='0&!.0!-.5./.$0!'-*0*=.-!/.9'h!$07!&#'!/*08U&'(=!$07! -*=%/'1!('/$&.*02#.%2!&#$&!9*(=!@'&;''0!W$&.*0$/!N+$(7!2*/7.'(2B!! & G+'(/,*#*(,H&I40#*#"!+&74()&(#>+4&'*#*J+,1! ! ,%*+2'2!*9&'0!('=$(?'7!*0!#*;!=*5'7!&#'>!;'('!@>!&#'!8'2&+('2!*9!8($&.&+7'!$07! ('-*80.&.*0!*99'('7!@>!*&#'(!-.&.J'02B!H#'2'!;'('!0*&!*(8$0.J'7!%$($7'2!@+&!2.=%/'6!'5'(>7$>! *--+(('0-'2BdP!H#'!=*2&!-*==*0!8'2&+('!;$2!$0!+02*/.-.&'7!$07!2%*0&$0'*+2!K4!:+2&!;$0&!&*! &#$0?!>*+!$07!>*+(!#+2@$07!9*(!>*+(!2'(5.-'BL!I0'!;.9'!('-$//2!@'.08!$%%(*$-#'7!.0!$!#$(7;$('! 2&*('!@>!$0!*/7'(!=$0B!,#'!;$2!;.&#!#'(!#+2@$07!;#*!;$2!*+&!*9!+0.9*(=TY!@+&!;'$(.08!$! @$2'@$//!-$%!.07.-$&.08!#.2!+0.&B!,#'!2$.7!&#$&!&#'!*/7'(!=$0!$%*/*8.J'7!9*(!7.2&+(@.08!&#'=!@+&! ;$0&'7!&*!&#$0?!&#'=!9*(!K&#'.(!2$-(.9.-'BL!H#'!.0&'(5.';''!2$.7!2#'!;$2!2*!$99'-&'7!&#$&!2#'!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! dP!H#(''UC+$(&'(2!*9!-.5./.$02!2+(5'>'7!2$>!&#'>!#$5'!&#$0?'7!2*='*0'!.0!+0.9*(=!Me';!Z'2'$(-#!"'0&'(!XYOORB! TY!<(=>!('8+/$&.*02!9*(!@*&#!('8+/$(!$(=>!$07!W$&.*0$/!N+$(7!2*/7.'(2!('C+.('!2*/7.'(2!&*!('=*5'!&#'.(!+0.9*(=2! ;#'0!0*&!K*0!7+&>L!M<(=>!,&+7>!N+.7'!XYY3RB!,*='!.0&'(5.';''2!2$.7!&#$&!&#.2!'5'0!$%%/.'2!&*!&#'.(!#+2@$072! ;#./'!&#'>!-*==+&'!&*!$07!9(*=!&#'!@$2'!*(!&*!7(.//B!H#.2!;*+/7!#$5'!&#'!-*02'C+'0-'!*9!('7+-.08!-.5./.$02G! *%%*(&+0.&.'2!&*!('-*80.J'!2*/7.'(2!$07!'1%('22!$%%('-.$&.*0B!! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! Vd! @'8$0!&*!-(>B!H>%.-$/!*9!*&#'(!$--*+0&26!2#'!2$.7!&#'!.0&'($-&.*0!=*5'7!#'(!$07!('=.07'7!#'(!*9! ;#>!2#'!;$2!2*!%(*+7!*9!#'(!#+2@$07B! ,+-#!.0&'($-&.*02!;.&#!-.5./.$02!2''=!&*!*--+(!&*!('8+/$(!$(=>!2%*+2'26!$2!;'//6!@+&!*0/>! $2!/*08!$2!&#'>!$('!$;$>!9(*=!&#'.(!%('7*=.0$0&/>!=./.&$(>!&*;02B!I0'!('8+/$(!$(=>!2%*+2'! '1%/$.0'7A! ! ]+&!>*+!?0*;6!.&G2!?.07!*9!.0&'('2&.08rB`>!@'2&!9(.'07!/.5'2!.0!)*(&!F*(&#!m0*&!$! =./.&$(>!&*;0n!$07!;#'0!;'!8*!+%!&#'('!:+2&r.9!&#'>!9.07!*+&rBF'!#$5'!$0! <%$-#'!2&.-?'(!*0!&#'!@$-?!*9!*+(!H$#*'B!,*!.&G2!?.07!*9!*@5.*+2!&#$&!=>!#+2@$07! 9/.'2!$0!<%$-#'!m$0!$22$+/&!#'/.-*%&'(nB!,*='!%'*%/'!;.//!-*=='0&!*(!-*='!+%!&*! +2!$07!&#'>G('!5'(>!?.07!$07!&#'>!&#$0?!=>!#+2@$07!$07!&#$0?!='B!4&G2!/.?'r4! $/=*2&!-(.'7!.0!9(*0&!*9!&#'2'!%'*%/'6!&#'>G('!2*!&#$0?9+/!$07!2*!8($&'9+/B!H#'06! >*+!-*='!@$-?!&*!$!=./.&$(>!&*;0!m/.?'!"(*225.//'n!$07!0*@*7>!-$('2B!! ]+&!*0'!=*0!4!&#.0?!.&!;$2!.0!<%(./6!=>!#+2@$07!$07!46!9*(!*+(!$00.5'(2$(>6!;'! &**?!=>!-#./7('0!&*!=>!@'2&!9(.'07G2!#*+2'!;#*!/.5'2!.0!)*(&!F*(&#!$07!;'!;'0&! $07!#$7!$!;''?'07!&*8'&#'(B!F'!;'('!2#*%%.08!@'-$+2'!;'!;'('!8*.08!&*!8*! *+&!&#$&!'5'0.08B!F'!;'('!$&!`$->G2!$07!&#'!/$7>!$2?'7!9*(!=>!#+2@$07G2!4^!$07! #'!%+//'7!*+&!#.2!4^!@'-$+2'!#'!.2!$!%(*+7!=./.&$(>!8+>B!H#'!/$7>!0'1&!&*!#.=r4! ='$0r!oI#!=>!8*2#!4!7*0G&!;$0&!&*!.0&'((+%&!>*+r@+&!&#$0?!>*+!2*!=+-#Gr!$07! .&!7(';!$!-(*;7B!4!&#*+8#&6!KF*;B!H#.2!.2!2*!.0&'('2&.08B!F'!$('!&*&$//>!*+&!*9!*+(! '/'='0&h!;'!$('!&*&$//>!$;$>!9(*=!)*(&!i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

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! TO!`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a+@'(&!\!`$+22!OPQTRB!H#'!2$-(.9.-.$/!(.&'!&>%.-$//>!.05*/5'2!&#(''! %$(&.'2A!&#'!10'4*7*+46!&#'!%$&(*0!*(!%'(2*0!.0!;#*2'!0$='!&#'!2$-(.9.-'!.2!=$7'h!&#'!10'4*7*'+46!&#'!%(.'2&!*(! 2%'-.$/.2&!;#*!-*07+-&2!&#'!(.&'h!$07!&#'!6*'#*)!*(!10'4*7*'*0.&(-K+'#6!&#'!&#.08!&#$&!.2!&($029*(='7!9(*=!$!%(*9$0'! *@:'-&!&*!$!2$-('7!*99'(.08B!H#'!2$-(.9.-.$/!*@:'-&!.2!0'-'22$(./>!'.&#'(!-*=%/'&'/>!*(!.0!2*='!%$(&!7'2&(*>'7!Ma+@'(&! \!`$+22!OPQTAd3RB!F.&#!&#'!-*=%/'&.*0!*9!&#'!2$-(.9.-'6!&#'!2$-(.9.'(2!K-*09'(!+%*0!'$-#!*&#'(6!+%*0!&#'=2'/5'26! $07!+%*0!&#*2'!&#.082!&#'>!#*/7!7'$(6!&#'!;#*/'!2&('08&#!*9!2*-.'&>B!H#'>!.05'2&!;.&#!&#'!$+&#*(.&>!*9!2*-.'&>!&#'.(! 5*;26!&#'.(!*$!&#'.(!=$((.$8'2L!Ma+@'(&!\!`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i$-?2*0!$%%'$(! &*!2%*+2'2!&*!@'!=*('!$00*>'7!&#$0!$%%('-.$&.5'B!<07!;#./'!2*='!='(-#$0&2!=.8#&!'1%('22! 2+%%*(&!9*(!&#'!2*/7.'(2!$07!&#'.(!9$=./.'26!2%*+2'2!2+2%'-&!&#'=!*9!#$5.08!+/&'(.*(6!=*('! %'-+0.$(>!=*&.5'2B! & C0*."4+&(7&+)20#>$& ! F#./'!&#'!8'2&+('2!*9!8($&.&+7'!*0!&#'!%$(&!*9!*&#'(!-.&.J'02!-*0&(.@+&'!&*!$!2'02'!*9! 2$-(.9.-'!9*(!2*='&#[email protected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c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a'('6!$!0$&.*0$/!8+$(7!2%*+2'! '1%('22'2!#'(!9(+2&($&.*0!;.&#!;*='0!;#*!-*=%$('!&#'.(!#+2@$072!@'.08!$;$>!*0!$!@+2.0'22! &(.%!;.&#!#'(!#+2@$07!;#*!.2!9.8#&.08!.0!$!;$(!J*0'A! ! [5'(>*0'!$/;$>2!2$>26!o4!?0*;!#*;!>*+!9''/6!=>!#+2@$07!;#'0!#'!8*'2!$;$>!*0! $!@+2.0'22!&(.%6!.&!.2!#$(7G!$07!.&G2!/.?'6!o>'$E!4G=!2+('!.&!.2!#$(7!9*(!>*+6!@+&!>*+(! #+2@$07!.2!:+2&!*0!$!@+2.0'22!&(.%h!#'!.2!0*&!.0!$!;$(!J*0'B!l*+!8'&!&*!&$/?!&*!#.=! $0>!&.='!>*+!;$0&!&*!$07!#'!;.//!-*='!#*='!2**0BG!,*!%'*%/'!7*0G&!+07'(2&$07B!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! H#'!('2%*07'0&G2!9(.'076!&#'!-*==$07'(!*9!&#'!/*-$/!k'&'($02!*9!)*('.80!F$(26!.0&'(-'7'7!9*(!#'(6!$07!2#'!8*&!$! &(''!;.&#*+&!2#*;.08!*(7'(2B! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! V3! H#'>!&(>!&*!'=%$&#.J'!;.&#!>*+6!@+&!&#'>!-$0G&B!I0/>!%'*%/'!&#$&!9.&!.0!&#$&! 2.&+$&.*0!m-$0nB!! ! <0*&#'(!2%*+2'!2#$('7!&#'!2&*(>!*9!$!9(.'07!;#*2'!#+2@$076!$!#.8#!2-#**/!=$(-#.08! @$07!.02&(+-&*(6!&($5'//'7!9('C+'0&/>!*0!&#'!;''?'072B!H#'!9(.'07!2$.7!2#'!-*+/7!+07'(2&$07! #*;!&#'!=./.&$(>!2%*+2'2!9'/&B!H#'!.0&'(5.';''6!#*;'5'(6!9/$&/>!(':'-&'7!&#'!-*=%$(.2*0B! <0*&#'(!('2%*07'0&!='0&.*0'7!&#'!.02&$0-'!*9!#'(!=*&#'(!&'//.08!#'(6!Ka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d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t('!&#'!;.9'!*9!&#.2!2*/7.'(6!&#'>t('!/.?'6!K<#6!4!-*+/7!0'5'(!@'!$;$>!9(*=! =>!#+2@$07!!&#$&!/*08BL!l*+!?0*;E!<07!>*+!/**?!$&!&#'=!$07!>*+t('!/.?'6!KI?$>6! 2*!$('!>*+!.02.0+$&.08!&#$&!4!7*0t&!/*5'!=>!#+2@$07EL!*(6!>*+!?0*;6!KF#$&!%*.0&! $('!>*+!&(>.08!&*!8'&!$-(*22!#'('EL!<07!2*!=>!@(*&#'(!&*/7!='6!#'t2!/.?'6!KF'//6L! #'!2$.7!K$-&+$//>6!>*+!?0*;6!.&!:+2&!='$02!&#'>!%(*@$@/>!-*+/70t&!2&$>! 9$. +/LrB#'t2!/.?'6!K,*!.&t2!$-&+$//>!$!-*=%/.='0&!>*+!?0*;BL!! ! H#'!-*=='0&!K4!-*+/7!0'5'(!7*!;#$&!>*+!7*[email protected]+*+2B!".5./.$02!;#*!=$?'!&#'!-*=='0&! -*+/7!='$0!&#$&!('$/!;.5'2!;*+/7!0'5'(!&*/'($&'!#$5.08!$!/*5'7!*0'!.0!#$(=G2!;$>B!H#'>!-*+/7! $/2*!@'!7'9'((.08!&*!;#$&!&#'>!('-*80.J'!$2!&#'!$(=>!-*+%/'G2!2+%'(.*(!$@./.&.'2!&*!'07+('! 2'%$($&.*0!$07!9$-'!9(.8#&'0.08!%*22.@./.&.'2B!".5./.$02!('=$(?!+%*0!$!('/$&.*02#.%!&#$&!.26!9(*=! &#'.(!%'(2%'-&.5'6!@*&#!.0-*=%('#'02.@/'!$07!$;'!.02%.(.08B! H#'2'!-*=='0&2!('$99.(=!&#'!N+$(7!;.9'G2!*+&2.7'(!2&$&+2B!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Td!H(+-?.08!.2!$=*08!&#'!&*%!9*+(!*--+%$&.*02!;.&#!&#'!#.8#'2&!($&'2!*9!9$&$/!;*(?%/$-'!.0:+(.'2B!<8(.-+/&+('6!;#.-#! .0-/+7'2!9*('2&(>!$07!9.2#.086!#$2!&#'!#.8#'2&!MXS!%'(!OYY6YYYR6!9*//*;'7!@>!=.0.08!MXY!%'(!OYY6YYYR6!&($02%*(&$&.*0! MOd!%'(!OYY6YYYR6!$07!-*02&(+-&.*0!MOY!%'(!OYY6YYYR!M]+('$+!*9!c$@*(!,&$&.2&.-2!XYOORB!Z'-$//!&#$&!.0!&#'!2$='!>'$(6! &#'!7'$&#!($&'!9(*=!#*2&./'!$-&.*0!9*(!fB,B!<(='7!)*(-'2!;$2!XS!%'(!OYY6YYY!M^'9'02'!`$0%*;'(!^$&$!"'0&'(! XYOYRB! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! VQ! -.&.J'02!@>!&#'!*99'(.08!&#$&!&#'>!$('!=$?.08BTT!a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email protected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h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r&#'!'22'0-'!*9! 2$-(.9.-'r('C+.('2!5.-&.=2!$&!&#'!&*%!;#*!$('!0*&!*0/>!&#'!+2'9+/!;'$/&#!*9!&#'!%'*%/'6!@+&!&#.2!%'*%/'!.&2'/9rL! M]$&$.//'!OPVPAQORB!W$&.*0$/!8+$(7!9*/?2!=.8#&!0*&!@'!$&!K&#'!&*%L!*9!&#'.(!/*-$/!-*==+0.&.'26!@+&!&#'>!$('!=*('! -/'$(/>!*9!&#'!K%'*%/'!.&2'/9L!&#$0!('8+/$(!$(=>!2*/7.'(26!2'C+'2&'('7!*0!('=*&'!@$2'2B!! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! VS! )E(FGGF(75&(*6(7'89(7-H;&(C+%9(I0/.2%&3((#03( !.;./.#0(J#K*'()*'-&L(MN(#03(O/3&'(PD&'-&0%QR(

3Yx!

T3UTP!

TYUTT!

75&( d3UdP! ".5./.$0!c$@*(!)*(-'! dYUdT! <(=>! X3UXP!

XYUXT!

OSUOP!

TY! dY! XY! OY! Y! OY! XY! dY! TY! D&'-&0%( ! v,*+(-'A!I99.-'!*9!&#'!f07'(!,'-('&$(>!*9!^'9'02'6!e'(2*00'/!$07!Z'$7.0'226!A(2".0#*(,& G+24+1+,#0#*(,&*,&#>+&D*.*#04$&3+46*'+16!).2-$/!l'$(!XYYX! #&&%Agg%(#*='B7'9'02'B8*5g=%%g<""[,,4IWjXYeIc4"lg%*%('%XYYXg-#$%&'(dg-dw$8'B#&=! ! `$0>!2%*+2'2!('%*(&'7!#*;!%(*+7!&#'.(!8($07%$('0&2!$('!&#$&!&#'>!#$5'!$!8($072*0! 2'(5.08!.0!&#'!=./.&$(>B!<2!*0'!.0&'(5.';''!'1%/$.0'7A! ! `>!*&#'(!8($079$&#'(!.2!'1&('='/>!%(*+7!*9!=>!#+2@$07h!#'!&'//2!'5'(>*0'!&#$&! #'!.2!#.2!8($072*0B!H#'[email protected]'2&!&#.086!&#$&!8($079$&#'(6!#'!;$2!*0!$!0$5>!@*$&6!$! ('2+%%/>!2#.%6!2*!#'!7.70G&!2''!=+-#!$-&.*0!2*!#'!;*((.'2!$@*+&!#.=!=*('!4!&#.0?! &#$0!2*='!*9!=>!9$=./>!='=@'(2!7*!:+2&!@'-$+2'!#'!%(*@$@/>!#$2!$!/.&&/'!@.&!*9! $0!+07'(2&$07.08!*9!&#'!&#.082!#'!-*+/7!@'!2''.08B!,*!#'!;*((.'2!$@*+&!#.=! =*('!$07!$&!9.(2&6!#.2!('$-&.*0!;$26!oF#>!$('!>*+!7*.08!&#.2EG! ! H#.2!2%*+2'G2!8($079$&#'(G2!'1%'(.'0-'!%+&2!#'(!#+2@$07G2!2'(5.-'!.0&*!$!/$(8'(!-*0&'1&B!a'(! 8($079$&#'(G2!('2%*02'!.2!0*&!+0-(.&.-$//>!2+%%*(&.5'!@+&!@$2'7!*0!$0!$%%($.2$/!*9!('$/!(.2?2!$07! 7$08'(2!M$0!$%%($.2$/!&#$&!.2!7.99.-+/&!&*!-*='!@>!.0!&#'!-.5./.$0!-*0&'1&!8.5'0!&#'!&'07'0->! ='0&.*0'7!$@*5'!9*(!-.5./.$02!&*!'1$88'($&'!&#'!/'5'/2!*9!5.*/'0-'RB!I9!$//!&#'.(!$-C+$.0&$0-'26! #'6!%'(#$%26!$/*0'!#$2!&#'!$+&#*(.&>!*9!$!;$(!5'&'($0!&*!$2?6!o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b*('$!*(!'5'0!k.'&0$=!@'-$='!$!%*.0&!*9!-*0&$-&!&*!$!/$(8'(! #.2&*(.-$/!/'8$->6!$0!$22*-.$&.*0!;.&#!*&#'(!;$(26!2*='!=*('!$07!*&#'(2!/'22!%*%+/$(!&#$0!&#'! -+(('0&!-*09/.-&BTS!! ,%*+2'2!$/2*!2%*?'!*9!0';!9*+07!$%%('-.$&.*0!9*(!;#$&!&#'.(!8($07=*&#'(2!'07+('7! 7+(.08!-*09/.-&2!;.&#!=$0>!=*('!9$&$/.&.'2!$07!9$(!9';'(!;$>2!&*!-*==+0.-$&'B!<2!*0'!0$&.*0$/! 8+$(7!2%*+2'!('/$&'7A! ! `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a.2!9$&#'(!2'(5'7!;.&#!&#'!`$(.0'26!/.?'!#.2!9$&#'(!$07!8($079$&#'(!@'9*('!#.=B! ]+&!,&B!N'*(8'!2$.7!#.2!9$&#'(!;$2!;*((.'7!;#'0!^$((>/!7'-.7'7!&*!:*.0B!a.2!9$&#'(!#$7!-*='!&*!7.2/.?'!&#'!`$(.0'2t! #$(7U-#$(8.086!#$(7U7(.0?.08!-+/&+('B!<07!#'!;*((.'7!$@*+&!#.2!2*0t2!2$9'&>!.0!$!-*=@$&!J*0'L!M]*;=$0!XYOORB! TQ!H#'!fB,B!"*08('22!*99.-.$//>!('C+'2&'7!.0!XYYO!&#$&!9$=./.'2!;.&#!='=@'(2!2'(5.08!.0!*5'(2'$2!-*=@$&!7.2%/$>! 2=$//!9/$82!.0!&#'.(!9(*0&!;.07*;2A!! !!!! KMXR!7+(.08!&#'!%'(.*7!.0!;#.-#!&#'!<(='7!)*(-'2!$('!'08$8'7!.0!&#'!;$(!*0!&'((*(.2=6!='=@'(2! *9!&#'!.=='7.$&'!9$=./>!*9!.07.5.7+$/2!2'(5.08!.0!&#'!<(='7!)*(-'2!2#*+/7!@'!'0-*+($8'7!&*! 7.2%/$>!$!2'(5.-'!9/$8!$%%(*5'7!@>!&#'!,'-('&$(>!*9!^'9'02'!+07'(!2'-&.*0!PYO!*9!&.&/'!dQ6!f0.&'7! ,&$&'2!"*7'6!.0!&#'!;.07*;!*9!&#'.(!%/$-'!*9!('2.7'0-'!$07!;'$(!$!2'(5.-'!/$%'/!@+&&*0!$%%(*5'7! +07'(!2+-#!2'-&.*0h!$07!

MdR!&#'!e('2.7'0&!2#*+/7!.22+'!$!%(*-/$=$&.*0!-$//.08!*0!='=@'(2!*9!&#'!.=='7.$&'!9$=./>!*9! .07.5.7+$/2!2'(5.08!.0!&#'!<(='7!)*(-'2!&*!7.2%/$>!$!2'(5.-'!9/$8!$%%(*5'7!@>!&#'!,'-('&$(>!*9! ^'9'02'!+07'(!2'-&.*0!PYO!*9!&.&/'!dQ6!f0.&'7!,&$&'2!"*7'6!.0!&#'!;.07*;!*9!&#'.(!%/$-'!*9! ('2.7'0-'!$07!;'$(!$!2'(5.-'!/$%'/!@+&&*0!$%%(*5'7!+07'(!2+-#!2'-&.*0!7+(.08!&#'!%'(.*7!.0! ;#.-#!&#'!<(='7!)*(-'2!$('!'08$8'7!.0!&#'!;$(!*0!&'((*(.2=L!Ma*+2'!*9!Z'%('2'0&$&.5'2!OYS&#! "*08('22RB!

H#'!2+@2'C+'0&!-#$%&'(!*0!7'%/*>='0&!;.//!$77('22!&#'!('$2*02!8.5'0!@>!2%*+2'2!9*(!0*&!9/>.08!&#'2'!9/$82B!! ! TS!<2!;'!;.//!2''!.0!&#'!2+@2'C+'0&!-#$%&'(!*0!('U7'%/*>='0&6!8($07%$('0&2!$('!$/2*!&#'!=*2&!5*-$/!$@*+&!&#'.(! .0-*=%('#'02.*0!*(!7.2$%%(*5$/!*9!=+/&.%/'!7'%/*>='0&2B!H#'>!7*0G&!+07'(2&$07!;#>!2*/7.'(2!-*='!#*='!$07! &#'0!8*!@$-?B! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! VP! ='7.$0!('2.7'0&!$8'!9*(!&#'!)*(&!i$-?2*0!$('$!.2!XQBS!>'$(26!2.80.9.-$0&/>!/*;'(!&#$0!&#'!*5'($//! 2&$&'!$5'($8'!*9!dXBd!>'$(2!M-.&>U7$&$B-*=RB!).5'!%'(-'0&!*9!&#'!$('$G2!%*%+/$&.*0!.2!*5'(!Q3! >'$(2!*9!$8'6!-*=%$('7!&*!OY!%'(-'0&!9*(!&#'!*5'($//!2&$&'!MfB,B!"'02+2!]+('$+!XYOORBTV!! ! "*02'C+'0&/>6!&#.2!2*+(-'!*9!$99.(=$&.*0!.2!$@2'0&!*0!$07!$(*+07!/$(8'!=./.&$(>!@$2'2B! F#./'!8($07%$('0&2!;'('!*9&'0!='0&.*0'7!$2!2*+(-'2!*9!.02%.($&.*0!$07!'0-*+($8'='0&6!.&!.2! .0&'('2&.08!&*!0*&'!&#$&!%$('0&2!8'0'($//>!;'('!0*&B!Z'2%*07'0&2!%'(-'.5'7!'5'0!&#*2'!%$('0&2! ;#*!;'('!&#'=2'/5'2!.0!&#'!=./.&$(>!$2!*%%*2'7!&*!=./.&$(>!2'(5.-'!9*(!&#'.(!-#./7('0!$07! '1&('='/>!$01.*+2!7+(.08!*5'(2'$2!7'%/*>='0&2B!`$0>!.0&'(5.';''2!2$.7!&#$&!&#'.(!%$('0&2! ;$(0'7!&#'=!$8$.02&!=$((>.08!2*/7.'(2!$07!&#$&!&#'.(!#+2@$072G!%$('0&2!&(.'7!&*!&$/?!&#'=!*+&! *9!:*.0.08B!<2!*0'!0$&.*0$/!8+$(7!2%*+2'!'1%/$.0'7A! ! F'!='&!.0!#.8#!2-#**/!$07!'5'0!&#'0!#'!;$0&'7!&*!:*.0!&#'!=./.&$(>B!a'!;$2!$//! iZIH"!mi+0.*(!Z'2'(5'!I99.-'(!H($.0.08!"*(%2n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h!&#'>!('2'=@/'7!&**!;'//! ;#$&!2#'!;$2!=.22.08B!40!&#.2!.02&$0-'6!@'.08!$(*+07!*&#'(2!;#*!$('!&**!=+-#!/.?'!*0'2'/9!

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c$2&/>6!-#./7('06!$2!%$(&!*9!&#'!/$(8'(!9$=./>6!$('!&#'=2'/5'2!('-'%&$-/'2!*9!&#'!?.07!*9! %(.7'!&#$&!9+'/2!$!;.9'G2!2'02'!*9!%(.7'B!c.5.08!$=*08!*&#'(!-#./7('0!;#*2'!9$&#'(2!$('!0*&! 7'%/*>'7!*5'(2'$26!&#'!2*02!$07!7$+8#&'(2!*9!W$&.*0$/!N+$(7!2*/7.'(2!9$-'!=$0>!7.99.-+/&.'2B! ]+&6!*0!&#'!*&#'(!#$076!&#'>!'0:*>!$!-'(&$.0!7.2&.0-&.*0!0*&!%*22.@/'!9*(!&#'!-#./7('0!*9!('8+/$(! $(=>!2*/7.'(2!/.5.08!.0!=./.&$(>!-*==+0.&.'2B!W$&.*0$/!N+$(7!;.5'26!.0!%$(&.-+/$(6!='0&.*0'7!&#'! .=%*(&$0-'!&*!&#'=!*9!@'.08!=$((.'7!&*!='0!*9!;#*=!&#'.(!-#./7('0!-*+/7!@'!%(*+7B!)$-.08!&#'! #$(72#.%2!$07!7$08'(2!*9!=./.&$(>!=$((.$8'!;$2!:+2&.9.$@/'!.0!&'(=2!*9!&#.2!-*0&'1&U7'%'07'0&! %(.7'B!! F.&#!&#'!'1-'%&.*0!*9!%$('0&26!;'!2''!#*;!&#'!7.99'('0&!8'0'($&.*02!*9!'1&'07'7!9$=./>! 9*+07!.0!&#'!-.5./.$0!-*0&'1&!2+%%*(&!$!0$(($&.5'!@$2'7!*0!9+/9.//.08!*0'G2!7+&>!$07!2'(5.08!$2! %$(&!*9!$!/$(8'(!2*-.$/!'0&.&>B!!! & 3'>((.1& ! [/2';#'('6!('2'$(-#'(2!#$5'!7'=*02&($&'7!&#'!2.80.9.-$0&!(*/'!&#$&!<='(.-$0!2-#**/2! %/$>!.0!-*02&(+-&.08!$!-.5./!('/.8.*0!MN$=*($0!OPPYRB!".5./!('/.8.*0!.2!K$!-*//'-&.*0!*9!@'/.'926! 2>=@*/26!$07!(.&+$/2!;.&#!('2%'-&!&*!2$-('7!&#.082!$07!.02&.&+&.*0$/.J'7!.0!$!-*//'-&.5.&>L!M]'//$#! OPQSR6!.0!&#.2!.02&$0-'6!&#*2'!&#.082!2&+7'0&2!/'$(0!&*!#*/7!2$-('7!$2!-.&.J'026!/.?'!&#'!9/$8!*(! 2'(5.-'!&*!&#'!0$&.*06!('8$(7/'22!*9!&#'.(!2'%$($&'!('/.8.*+2!9$.B!,%*+2'2!*9!W$&.*0$/!N+$(7! 2*/7.'(2!*9&'0!='0&.*0'7!2%'-.9.-!('-*80.&.*0!&#$&!&#'>6!&#'.(!#+2@$0726!$07!-#./7('0!('-'.5'7! &#(*+8#!&#'.(!/*-$/!2-#**/2B!H#*+8#!&#'2'!2-#**/2!.0!%('7*=.0$0&/>!-.5./.$0!-*==+0.&.'2!$('! +2+$//>!/'22!;'//U'C+.%%'7!&*!.7'0&.9>!$07!('2%*07!&*!&#'!%(*@/'=2!$22*-.$&'7!;.&#!7'%/*>='0&! &#$0!2-#**/2!.0!&#'!=./.&$(>!-*0&'1&!M^$(;.0!XYYQR6!&#'>!$('!.=%*(&$0&!2.&'2!9*(!2#$%.08!$! ='$0.089+/!:+2&.9.-$&.*0!9*(!'07+(.08!$!9$&#'(G2!$@2'0-'!$07!(.2?.08!#.2!%'(=$0'0&!/*22B!H#'>! 2#*;!;.5'2!$07!-#./7('0!&#$&!;#$&!&#'.(!2*/7.'(2!7*!.2!.=%*(&$0&!&*!$!@(*$7'(!-*==+0.&>B!)*(! '1$=%/'6!*0'!0$&.*0$/!8+$(7!2%*+2'!('-*+0&'7!$0!'1%'(.'0-'!$&!#'(!7$+8#&'(2G!2-#**/6!.0!$! -.5./.$0!-*==+0.&>!&#$&!'5*?'7!9*(!#'(!$!2'02'!*9!%(.7'B!,#*(&/>!@'9*('!7'%/*>.08!&*! <98#$0.2&$06!#'(!#+2@$07!;$2!$&&'07.08!$!2&+7'0&!$;$(72!-'('=*0>!$07!;$2!$2?'7!@>!&#'! 2-#**/!%(.0-.%$/!&*!-*='!&*!&#'!2&$8'A!! ! l'$6!$07!2*!=>!#+2@$07!;'0&!+%!$07!2&**7!.0!9(*0&!*9!&#'!2-#**/!$07!#'!m&#'! %(.0-.%$/n!@$2.-$//>!2$.76!oF'!#$5'!7$77.'2!&#$&!$('!2%'-.$/!@'-$+2'!&#'>!8*!$07! &#'>!&$?'!-$('!*9!&#'!-*+0&(>BG!<07!2*!#'!#$7!#.=!2&$07!+%!&#'('!2*!.&!;$2!('$//>! #'$(&!;('0-#.086!@+&!$&!&#'!2$='!&.='!.&!=$7'!=>!#+2@$07!?0*;!&#$&!&#'('!;$2! 2*='@*7>!&*!&$?'!-$('!*9!#.2!9$=./>!;#./'!#'!;$2!8*0'!$07!;#'0!#'!-$='!@$-?BBB! a'!:+2&!#$%%'0'7!&*!@'!&#'('!.0!+0.9*(=6!$07!&#'>!$2?'7!#.=!&*!-*='!+%B!H#'>! ?0';!&#$&!#'!;$2!/'$5.08!.0!$!;''?!$07!2*!&#'>!;$0&'7!&*!2$>!8**7@>'!&*!#.=h! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! PO! $07!;#'0!#'!-$='!@$-?!&#.2!&.='!9*(!#.2!/'$5'6!2-#**/!;$2!:+2&!8'&&.08!*+&!9*(! *+(!7$+8#&'(!$07!;'!;'0&!&*!%('2'0&!$!9/$8!9*(!&#'!2-#**/!&#$&!=>!#+2@$07!#$7! 9/*;0!*5'(!&#'('!m.0!<98#$0.2&$0n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c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fB,!"*02&.&+&.*0!<(&.-/'!46!,'-&.*0!V6!"/$+2'!OTRB3d!<2!2+-#6!&#'('!.2!$!-/*2'(!('/$&.*02#.%!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 3Y!Z'2'$(-#'(2!#$5'!2#*;0!&#$&!&#'!-#./7('0!*9!2*/7.'(2!;#*!@'/.'5'!&#$&!*&#'(!<='(.-$02!2+%%*(&!&#'!;$(!$07!&#$&! 2*/7.'(2!=$?'!$!7.99'('0-'!.0!&#'!;*(/7!$('!/'22!/.?'/>!&*!'1%'(.'0-'!7'%/*>='0&!2&('22A!uH#'('!$('!$/2*!$!/*&!*9!?.72! *+&!&#'('!;#*!#$5'!.0&'(0$/.J'7!&#'!5$/+'!*9!2$-(.9.-'6!*9!2'/9/'22!2'(5.-'6!*9!7+&>B!<07!&#'>t('!0*&!#$%%>!$@*+&! &#'.(!%$('0&!@'.08!8*0'6!@+&!&#'>!+07'(2&$07!.&6!$07!&#$&!#'/%2!&#'=!&*!-*%'u!MF*08!-.&'7!.0!,$=%/'!XYOYRB! 3O!,-#**/26!-#+(-#'26!$07!2.=./$(!.02&.&+&.*02!'1.2&!.0!&#'!=./.&$(>!-*0&'1&6!@+&!('-*80.&.*0!9(*=!&#'=!.2!$@*+&! -+.(,/*,/!&*!2*='&#[email protected]'(6!;#'('!.0!&#'!-.5./.$0!-*0&'1&!('-*80.&.*0!.2!$@*+&!10'4*7*'*,/!9*(!2*='&#[email protected]'(B! 3X!]'-$+2'!&#'!=$&'(.$/!(';$(72!$('!('/$&.5'/>!9';'(6!.&!.2!/'22!/.?'/>!9*(!W$&.*0$/!N+$(7!;.5'2!&*!:+2&.9>!'07+(.08! #$(72#.%2!9*(!;#$&!&#'>!;.//!/+#!*+&!*9!.&!$07!=*('!/.?'/>!&*!:+2&.9>!&#'=!.0!&'(=2!*9!;#$&!&#'>!/*6+B!! 3d!"*08('22!2#$//!#$5'!&#'!%*;'(!K&*!%(*5.7'!9*(!-$//.08!9*(&#!&#'!`./.&.$!&*!'1'-+&'!&#'!c$;2!*9!&#'!f0.*06!2+%%('22! 402+(('-&.*02!$07!('%'/!.05$2.*02BL!! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! PX! @'&;''0!W$&.*0$/!N+$(7!9$=./.'2!$07!-.5./.$0!%*/.&.-$/!/.9'B!<2!*0'!0$&.*0$/!8+$(7!2%*+2'! 7'2-(.@'7!.&A! ! 4!&#.0?!%'*%/'!.0!m&#'!2&$&'!&#'>!/.5'!.0n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`$>*(2!$07!"*08('22='0!7.7!$&&'07!*&#'(!N+$(7! -'('=*0.'2!&#$&!4!*@2'(5'7B!H#'!.=%('22.*0!*9!$!-/*2'(!('/$&.*02#.%!@'&;''0!&#'!N+$(7!$07! -.5./.$0!%*/.&.-$/!/.9'!;$2!$/2*!8.5'0!@>!&#'!9$-&!&#$&!W$&.*0$/!N+$(7!2*/7.'(2!$07!2%*+2'2!;'('! =*('!/.?'/>!&#$0!('8+/$(!$(=>!2*/7.'(2!&*!-*0&$-&!&#'.(!9'7'($/!-*08('22.*0$/!('%('2'0&$&.5'2!&*! ('%*(&!.0&*/'($@/'!-*07.&.*02!$&!F$/&'(!Z''7!<(=>!a*2%.&$/!Me(.'2&!\!a+//!XYYSRB!3Q! I0'!('$2*0!&#$&!0$&.*0$/!8+$(7!2%*+2'2!#$5'!&#'!2'02'!&#$&!&#'>!$('!%$(&!*9!&#'!-.5./.$0! %*/.&>!.2!&#'!7.('-&!2'(5.-'2!$07!-*0&$-&!&#'.(!2*/7.'(2!#$5'!;.&#!&#'!-.5./.$0!%*%+/$&.*0B!c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e$(&.-+/$(/>!&#'!$5.$&.*0!+0.&2B!)*(!9.('26!('2-+'! =.22.*026!'5'0!@*(7'(!$07!7(+8!'09*(-'='0&!2&+99B!<07!2*='&.='2!2&+%.7!2&+99! /.?'!9/>.08!k4eG2!$(*+07B! ! ^.('-&/>!2'(5.08!-.&.J'02!$07!%'(9*(=.08!*@2'(5$@/'!9+0-&.*02!9*(!&#'.(!8*5'(0='0&!'0$@/'! 2%*+2'2!.0!&#'!-.5./.$0!-*0&'1&!&*!'1%'(.'0-'!$07!$%%('-.$&'!&#'.(!%$(&!.0!&#'!/$(8'(!2*-.'&>B!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 3T!H#.2!;$2!&#'!-$2'!+07'(!@*&#!&#'!]+2#!$07!I@$=$!$7=.0.2&($&.*02h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g<(=>!Z'2'(5'!&#'!=*2&!9('C+'0&!=./.&$(>! '1%'(.'0-'!$=*08!&#'!%('2.7'0&2B!! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! Pd! H#'>!-$0!2''!;#$&!&#'.(!#+2@$072!-*0&(.@+&'!$076!=*2&!.=%*(&$0&/>6!?0*;!&#'2'!-*0&(.@+&.*02! $('!2''0!@>!*&#'(2B3S!! H#.2!.2!0*&!&*!2$>!&#$&!0$&.*0$/!8+$(7!9$=./.'2!$('!$@*5'!%*/.&.-$/!7'@$&'!$07!%(*&'2&B! c.5.08!$=.72&!-.5./.$026!8+$(7!;.5'2!2%'$?!=*('!$@*+&!'0-*+0&'(.08!*&#'(!-.&.J'02!;#*!*%%*2'! &#'!;$(!%*/.&.-$//>B!Z$&#'(!&#$0!@'.08!7.2-*+($8'7!@>!&#.2!*%%*2.&.*06!2%*+2'2!.0-*(%*($&'7!.&! .0&*!&#'.(!:+2&.9.-$&.*0!9*(!2+%%*(&.08!&#'.(!#+2@$07B!Z'%('2'0&.08!$!-*==*0!2'0&.='0&!$=*08! 0$&.*0$/!8+$(7!2%*+2'26!*0'!;.9'!'1%/$.0'7!;.&#!('8$(7!&*!&#*2'!;#*!*%%*2'!&#'!;$(6!K4&G2! @'-$+2'!*9!;#$&!=>!#+2@$07!7*'2!&#$&!&#'>!-$0!'5'0!#$5'!&#*2'!5.';2BL!! `$0>!0$&.*0$/!8+$(7!;.5'2!='0&.*0'7!0'.8#@*(2!$07!9(.'072!;#*!*%%*2'7!&#'!;$(!@+&! &#'>!0'5'(!2$.7!&#'>!$5*.7'7!2+-#!%'*%/'!7+(.08!7'%/*>='0&2B!`*2&!$-C+$.0&$0-'2!;#*! *%%*2'7!&#'!;$(!;'('!2&.//!%'(-'.5'7!$2!2+%%*(&.5'!*9!&#'!2*/7.'(2!$07!&#'.(!9$=./.'2B3V!]>! -*0&($2&6!=*2&!('8+/$(!$(=>!;.5'2!'0-*+0&'('7!*%%*2.&.*0!&*!&#'!;$(!9(*=!$!7.2&$0-'6!+2+$//>! &#(*+8#!&#'!='7.$!;#.-#!&#'>!9'/&!=.2.09*(='7!&#'!%+@/.-h!(':'-&'7!&#'!0*&.*0!&#$&!*0'!-*+/7! K*%%*2'!&#'!;$(!@+&!2+%%*(&!&#'!&(**%2Lh3P!$07!7'5'/*%'7!$!2'02'!*9!('2'0&='0&!$07! 2+%'(.*(.&>!&*;$(7!$!-.&.J'0(>!&#'>!2$;!$2!+08($&'9+/!$07!$%$&#'&.-B!40!&#.2!;$>6!a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`*2&! W$&.*0$/!N+$(7!2*/7.'(2!#$5'!*&#'(!9*(=2!*9!0*0U=./.&$(>!'=%/*>='0&BQO!H#(*+8#!-*=%$(.2*06!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 3S!]>!-*0&($2&6!('8+/$(!$(=>!9$=./.'2!$('!*9&'0!.0!.2*/$&'76!(+($/!@$2'2!M=$0>!&.='2!2&$&.*0'7!*+&2.7'!&#'!f0.&'7! ,&$&'2R!9(*=!;#.-#!&#'.(!#+2@$072!+2+$//>!%'(9*(=!=./.&$(>!9+0-&.*02!.0!('=*&'!-*=@$&!J*0'2!;.&#!.07.('-&! @'0'9.&2!&*!&#'!8'0'($/!%+@/.-B!H#'!@'0'9.&2!&#$&!2+-#!*5'(2'$2!5'0&+('2!@(.08!&*!&#'!-.&.J'0(>!$('!$/2*!=*('! -*0&'2&'7!&#$0!$22.2&$0-'!%(*5.7'7!$&!#*='!7+(.08!$!0$&+($/!7.2$2&'(B! 3V!W.0'!.0!&'0!2+(5'>'7!-.5./.$02!'1%('22!%(.7'!.0!&#'!&(**%2!;#./'!$!T3j!%/+($/.&>!2$>!0'.&#'(!&#'!;$(!.0!<98#$0.2&$0! *(!4($C!;$2!K;*(&#!.&L!Me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i+0'!O!&*!W*5'=@'(! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! $07!7'7.-$&'7!@+('$+2!.0!&#'!^'%$(&='0&!*9!c$@*(6!W$&.*0$/!N+$(7!2*/7.'(2!&'07!&*!'1%'(.'0-'!+0'=%/*>='0&!$&! #.8#'(!($&'2!MXOjR!&#$0!-.5./.$0!-*+0&'(%$(&2!MPjR!Ma'9/.08!XYOYRB!I0'!W$&.*0$/!N+$(7!@(.8$7'!2&+7.'7!@>!k'&i*@2! #$2!$!T3j!+0'=%/*>='0&!($&'!Mk'&i*@2!XYOYRB!H#'>!$/2*!'1%'(.'0-'!#.8#'(!($&'2!*9!+07'('=%/*>='0&6!2*=';#$&! 9$-./.&$&'7!@>!2%'-.$/!('/$&.*02#.%2!@'&;''0!&#'!N+$(7!$07!7$>!/$@*(!$8'0-.'2!M2''! #&&%Agg;;;B/$@*(('$7>B-*=gW$&.*0$/UN+$(7Ue$(&0'(2#.%RB! QX!40&'(5.';''26!@*&#!('8+/$(!$(=>!$07!W$&.*0$/!N+$(76!2*='&.='2!=$7'!$!7.2&.0-&.*0!@'&;''0!&#'!=./.&$(>!;*(/7! $07!&#'!K('$/!;*(/7BL!H#*+8#!9($+8#&!;.&#!7$08'(2!*9!;$(!$07!2&$&'!5.*/'0-'6!&#'!=./.&$(>!;*(/7!.2!.0!2*='!;$>2! 2#'/&'('7!9(*=!-'(&$.0!&(*+@/.08!('$/.&.'26!%$(&.-+/$(/>!&#*2'!*9!$0!+0-'(&$.0!'-*0*=>!$07!&#'!%(*@/'=2!*0'!-*='2! &*!2#$('!;.&#!'1&'07'7!9$=./>!M$8'.08!%$('0&26!2.@/.082!.0!&(*+@/'6!'&-BRB!!.0! &#'!=./.&$(>!$2!/*08!$2!#'!-$06!.2!7'(*8$&*(./>!('9'(('7!&*!$2!$!c*2'(U480*($0&U)+-?+%U[2-$%.08U9(*=UZ'$/.&>B! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! P3! dY6!&#'!H'1$2!W$&.*0$/!N+$(7!9$=./.'2!('5.5'!-*0&$-&!/.2&2!$07!%#*0'!0'&;*(?2!.0!%('%$($&.*0!9*(! '='(8'0->!7'%/*>='0&2BQd!H#'!0$&+($/!(#>&#=!$//*;2!9*(!%'(.*72!*9!('/$&.5'!2*-.$/!.0&'02.&>6! =$(?.08!&'=%*($/!&($02.&.*02!@'&;''0!%'(.*72!*9!('/$&.5'!2$-('70'22B!c.?'!&#'!='7.'5$/! -$/'07$(!*9!9'2&.5$/2!M]$&$.//'!OPVPR!*(!5$(>.08!-*0-'0&($&.*02!*9!2+=='(!$07!;.0&'(!2*-.$/!/.9'! $=*08!&#'![2?.=*!M`$+22!\!]'$+-#$&!OPSPR6!2'$2*0$/.&>!.=%$(&2!2%'-.$/!='$0.08!&*!&#'! #$(72#.%2!'1%'(.'0-'7!7+(.08!%'(.*72!.0!;#.-#!&#'.(!#+2@$072!$('!'07$08'('7B!! c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

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Qd!H#'2'!$('!0*&!%#*0'!&(''2!9*(!&#'!2*/7.'(2!@+&!9*(!&#'.(!9$=./.'2B!F#'0!&#'!N+$(72='0!$('!=*@./.J'7!9*(!$! 7*='2&.-!=.22.*06!.&!.2!*9&'0!.0!&#'!=.72&!*9!$!0$&+($/!7.2$2&'(!&#$&!.=%'(./2!&#'.(!*;0!9$=./.'2B!H#'!)ZN2!+2'!&#'2'! %#*0'!&(''2!&*!-#'-?!*0!9$=./.'2!$07!2*='&.='2!-*U*(7.0$&'!&#'.(!*;0!'5$-+$&.*02!M9.'/70*&'2!XYYPgdgXdUXSRB!!! QT!40&'(5.';!;.&#!"$/.9*(0.$!W$&.*0$/!N+$(7!e+@/.-!<99$.(2!I99.-'(6!XYOOgPg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l'$#B!H#'!9*/?2!*0!&#'!9*(&!;'('!8('$&B!]+&!&#'>!;'('!?.07!*9!/.?'!&#'!9*/?2!$&!&#'! /$2&!9*(&B!<07!&*!@'!#*0'2&6!=$>@'!$!/.&&/'!&**!/.?'!='B!N*.08!#*='6!4!?0';!4! ;*+/7!@'!$(*+07!9(.'072!$07!9$=./>!;#*!?0';!='!$07!;#*!-*+/7!2&*%!='!9(*=! 8*.08!-($J>!;.&#!;*((>B!49!4!2&$>'7!$&!)*(&!i$-?2*06!4!&#.0?!.&!;*+/7!@'!/.?'!#$08.08! *+&!;.&#!$!&#*+2$07!-($J>!='G2B! ! 40!&#'!-.5./.$0!-*0&'1&!*9!/*08!&'(=!$07!=+/&.%/'!('/$&.*02#.%26!/*22!.2!'1%'(.'0-'7!$2!$!2.08+/$(! '5'0&6!$-(*22!=$0>!'07+(.08!2*-.$/!'0&.&.'2B!F.&#*+&!9('C+'0&!('$22.80='0&26!W$&.*0$/!N+$(7! 2*/7.'(2!#$5'!/'22!*%%*(&+0.&>!&*!%($-&.-'!/*22B!H#'!7'$&#!*9!$!W$&.*0$/!N+$(7!2*/7.'(!.2!&#'!/*22! *9!$!/*08U&'(=!-*=($7'B!a.2!7'$&#!.2!$/2*!9'/&!@'>*07!&#'!$(=*(>!@>!=*('!%'*%/'!@'/*08.08!&*! *&#'(!2*-.$/!8(*+%2!D!'1&'07'7!9$=./.'26!;*(?%/$-'26!-#+(-#'26!0'.8#@*(#**72!D!&#$&!#'!/'$5'2! @'#.07B!H#'!@(.-?!%.-&+('7!@'/*;!'5.7'0-'2!#*;!/*22!.0!&#'!W$&.*0$/!N+$(7!-*0&'1&!'5*?'2!&.'2! &*!&#'!9$//'0!9(*=!$!-*==+0.&>!@(*$7'(!&#$0!&#'!=./.&$(>!+0.&!.&2'/9B!a'$(.08!&#$&!&#'>!K,'(5'! N*7!\!"*+0&(>L!9(*=!&#'.(!-*+0&(>='0!$/2*!-*0&(.@+&'2!&*!&#'!-/$.=G2!-('7.@./.&>B!!

! H#'2'!=+/&.%/'!$07!/*08!&'(=!('/$&.*02#.%2!$/2*!-*0&(.@+&'!&*!('&+(0.08!9$//'0!$07!.0:+('7! 2*/7.'(2!&*!&#'.(!2&$&+2!$2!'5'(>!7$>6!%(*9$0'!-.5./.$02B!H#'>!$('!0*&!2*/'/>!('='=@'('7!$2! 2*/7.'(26!$2!2$-('7!*(!2$-(.9.-.$/!*@:'-&2B!H#'!2&('08&#!*9!*&#'(!='=*(.'2!$07!-*00'-&.*02!@(.08! &#'=!@$-?!&*!$!%(*9$0'!'1.2&'0-'6!.02+(.08!&#'!='$0.08!*9!2$-(.9.-'!@>!-/*2.08!.&2!(.&+$/!2&$8'2! Ma+@'(&!\!`$+22!OPQTRB!! I0'!0$&.*0$/!8+$(7!;.7*;G2!2&*(>!%(*5.7'2!$0!'1$=%/'!*9!#*;!#+2@$072!=*5'!9(*=! %(*9$0'!.0&*!2$-('7!$07!@$-?!$8$.0!&*!%(*9$0'!2%#'('2B!,#'!=$((.'7!.0&*!$!9$=./>!;.&#!$!@$7! ('%+&$&.*0!.0!#'(!#+2@$07G2!2=$//6!(+($/!&*;0B!H#'!&*;0!#$7!$/('$7>!/*2&!$!0$&.5'!2*0!&*!&#'!;$(! @'9*('!#'(!#+2@$076!i''&'(6!;$2!?.//'7!.0!$!#'/.-*%&'(!-($2#!.0!4($CB!40.&.$//>6!&#'!'0&.('!&*;0!

! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! PS! &+(0'7!*+&!&*!2+%%*(&!#'(B!H#'!/*-$/!8*5'(0='0&!$07!k'&'($02!*9!)*('.80!F$(2!5*;'7!&*!$77! #'(!#+2@$07G2!0$='!&*!&#'!='=*(.$/!.0!&#'!-'0&'(!*9!&*;0!$/('$7>!@+./&!9*(!&#'!9.(2&!-$2+$/&>!*9! &#'!;$(B!<2!&#'!=*0!%$22'7!$07!&#'!9.(2&!$00.5'(2$(>!*9!#'(!#+2@$07G2!7'$&#!$((.5'76!&#'! 2+%%*(&!7.2$%%'$('7!$07!&#'!='=*(.$/!('=$.0'7!2.08+/$(/>!7'7.-$&'7!&*!&#'!&*;0G2!9.(2&!$07! =*('!9$5*('7!/*2&!2*0B!!40!#'(!&'//.08!*9!.&6!Ki''&'(!8*&!&*!8*!@$-?!&*!@'.08!i''&'(6L!*0'!*9!&#'! @*>2!&#'!&*;0!0'5'(!('$//>!/.?'7B!)*(!$!&.='6!#.2!2$-(.9.-'!7(';!&#'=!&*8'&#'(6!-*09'(('7!+%*0! #'(!$07!&#'!&*;0!.&2'/9!&#'!2&('08&#!*9!&#'.(!-*//'-&.5.&>6!$07!&#'0!%/$>'7!.&2'/9!*+&6!('&+(0.08! #.=!&*!#.2!%('5.*+2!2&$&+2B!!<2!2#'!'1%/$.02A! ! )*(!$!;#./'!&#'>!;'('!$//!-*=.08!*5'(B!](.08.08!9**7B!e$>.08!+2!$//!?.072!*9! $&&'0&.*0B!,*='!%'*%/'!;#*!0'5'(!('$//>!$-?0*;/'78'7!+2!@'9*('B!<07!&#$&!;$2! *?B!4!8+'22!&#'>!0''7'7!&*!7*!2*='&#.08!$07!.&!%(*@$@/>!#'/%'7!+2B!]+&! '5'0&+$//>!.&!?.07!*9!%'&'('7!*+&B!<07!&#$&!;$2!*?6!&**B!4!;$2!&#'!;.9'!*9!$!#'(*! 9*(!$!@.&B!H#'0!4!;'0&!@$-?!&*!@'.08!i''&'(G2!;.9'B!I(!;.7*;B!4!8+'22B! ! H#(*+8#!&#'!&#.-?!-*00'-&.*02!2+((*+07.08!#.=6!&#'!-.5./.$0!-*0&'1&!('2*/5'2!&#'[email protected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a'!.2!$/;$>2!&#'!K*&#'(L!D!&#'!2*/7.'(! 7*.08!#.2!:*@6!7*.08!;#$&!#'!2.80'7!+%!9*(6!$2!*%%*2'7!&*!&#'!-.&.J'0!;#*!2&'%%'7!*+&2.7'!#.2! 0*(=$/!;*(/7!.0&*!$0*&#'(!2%#'('!&*!7*!;#$&!#'!9'/&!#'!0''7'7!&*!7*B!F.&#*+&!#$5.08!&*!8*! &#(*+8#!/*22!&#'=2'/5'26!@>!'.&#'(!;.&0'22.08!&#'!/*22!*9!$0*&#'(!.0!&#'.(!#+2@$072G!+0.&2!*(!@>! .=$8.0.08!.&6QS!;.5'2!2#$%'!7.99'('0&!:+2&.9.-$&.*02!.0!('/$&.*02#.%!&*!#*;!&#'.(!/*22!.2!*(!=.8#&!@'! %'(-'.5'7!@>!*&#'(2B!!

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`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

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! .&2!-*02'C+'0-'2!;.//!%/$>!*+&!9*(!#'(!$07!#'(!9$=./>!;*+/7!@'!&*!9*('8*!$!9*(=$&.5'!$2%'-&!*9!#'(!'1%'(.'0-'6!*9! &#'!2*-.$/!-*0&'1&!$07!#'(!.00'(!/.9'B!! ! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! PP! 2+2%'-&!&#$&!.2!2*!@'-$+2'!=./.&.$2!&#'=2'/5'2!$('!*(8$0.J'7!$(*+07!$!7>0$=.-!('/$&.*02#.%! @'&;''0!$0!$(='7!'/'='0&!$07!.&2!-.&.J'0(>B!H#.2!('/$&.*02#.%!2#$('2!2*='!*9!&#'!='-#$0.2=2! *9!&#'!7>0$=.-!.09/+'0-'2!*9!-*+0&'(5$/'0-'!$07!&($5'(2$/B!40!$!2'02'6!=./.&.$2!#$5'!5$/+'2!&#$&! 2%*+2'2!2#$('!0*&!@'-$+2'!=./.&.$2!$('!%*;'(9+/!.02&.&+&.*02!.0!&#'=2'/5'2!@+&!@'-$+2'!&#'>! .0-*(%*($&'!='-#$0.2=2!*9!$/&'($&.*06!2'$2*0$/.&>6!$07!&($029*(=$&.*0!&#$&!=$?'!9*(!$! %*;'(9+/!2'02'!*9!7+&>B!!!! H#'!/$2&!2'&!*9!'1%'-&$&.*02!%(*%*2'7!&#$&!&#'!('/$&.*02#.%!@'&;''0!2%*+2'2G!.7'$2!$07! &#'.(!-*0&'1&2!.2!7>0$=.-B!49!9$=./.'2!$07!&*&$/!.02&.&+&.*02!/.?'!&#'!<(=>!$('!.0-*=%$&.@/'6!&#'! $(=>!9$=./>!;.//!@'!7.2%*2'7!&*!('2.2&!&#'!5$/+'2!*9!&#'!2+((*+07.08!-*0&'1&B!N.5'0!&#$&!('8+/$(! $(=>!2%*+2'2!2%*?'!=*2&/>!*9!-*==.&='0&!$07!0*&!7+&>6!*+(!'1%'-&$&.*0!*9!$!-*+0&'(5$./.08! .09/+'0-'!#'/76!@+&!*0/>!&*!$0!'1&'0&B!F'!#$5'!2#*;0!&#$&!-*==.&='0&!.2!0*&!'0&.('/>!.0! *%%*2.&.*0!&*!&#'!=./.&$(>!-*0&'1&!$07!.2!2.=./$(!&*!&#'!?.07!*9!@*07!;.&#.0!&#'!<(=>!2#$('7! @'&;''0!2*/7.'(2B!"*==.&='0&!.2!$0!'1&'02.*0!*9!&#'!=./.&$(>!-+/&+('6!:+2&!0*&!&#'!.02&.&+&.*0$/! 5'(2.*0!D!0*&!&#'!5'(2.*0!&#$&!#$2!2*/7.'(2!7>.08!9*(!&#'.(!-*+0&(>6!@+&!&#'!*0'!.0!;#.-#!&#'>!7.'! 9*(!'$-#!*&#'(B!,'-*076!&#'('!$%%'$(2!&*!@'!'5.7'0-'!&#$&!('8+/$(!$(=>!;.5'2!#$5'!0*&!$/;$>2! *%%*2'7!0*&.*02!*9!7+&>!*(!2$-(.9.-'6!@+&!&#$&!-'(&$.0!$2%'-&2!*9!&#'!=./.&$(>!-*0&'1&!=*5'!&#'=! &*;$(7!0$((*;'(!2-*%'2!*9!('/$&.*06!9*-+2.08!*0!&#'.(!=$((.$8'!($&#'(!&#$0!&#'!0$&.*0B!! H#.2!-*09.(=2!&#'!'1%'-&$&.*0!&#$&!2%*+2'2!.=='(2'7!.0!&#'!=./.&$(>!-*0&'1&!2+99'(!9(*=! 2*-.$/!9$&.8+'B!f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

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

!

! "#$%&'(!)*+(! ,*-.$/!"*0&'1&2! OYO! !"#$%&'()*+&(( ( ,"*-.*-/(0123%(4&$5267&-%( ( 8-%'293:%*2-! ! 4&!*5!.1'!&#*16!&.!7'!0$((*'8!&.!$!5.-8*'(!9#.!*5!9$*&*16!&.!7'!:$--'8!&.!:.07$&;!4&!*5!$1! $-&.6'&#'(!8*<<'('1&!5*&=$&*.1!&.!#$+'!$!-.+'8!.1'!*1!#$(0>5!9$/;!?#'!-$5&!:#$%&'(!'@%-$*1'8! &#$&!9*+'5!.5!9$/H! )(.0!%$5&!9$(5B!9'!A1.9!&#$&!9*+'5!9#.!5'1&!#=57$185!&.!9$(!8*8!5.!9*&#!$!5&(.16! 5'15'!.5!9$(!*5!-'55!&#$1!K&.&$-BL!$!:.1<-*:&!*1+.-+*16!$!('-$&*+'-/!50$--! %(.%.(&*.1!M-'55!&#$1!2\!.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 2!]<<*:*$--/B!8=(*16!.+'(5'$5!:.07$&!8'%-./0'1&5B!C$&*.1$-!D=$(8!5.-8*'(5!$('!0.7*-*b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`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f!<*(5&!7$&#B!<*(5&!#$*(:=&B!<*(5&!9.(8B!<*(5&!7*($/;!['(!8$88/!*5! 6.*16!&.!0*55!&#'0!$--;!I18!#.9!*5!$1/.1'!'+'(!6.*16!&.!7'!$7-'!&.!%$/!#*0!7$:A! <.(!0*55*16!&#'0H!?#.5'!$('!%(*:'-'55!0.0'1&5;!I18!&#.5'!$('!&#'!0.0'1&5!#'! *5!6*+*16!=%!<.(!#*5!:.=1&(/;!4!#.%'!*&>5!9.(&#!*&;!g.=!A1.9H! ! [.9'+'(B!5.0'!9*+'5!5''0'8!&.!$8F=5&!&.!&#'!$75'1:'5B!:.1:'%&=$-*b*16!$!A*18!.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Z!?#'5'!%(.0*5'8!89'--*16!&*0'5!$('!:.1<*(0'8!*1!0*-*&$(/!0'8*$!('%.(&5!MN*-*&$(/(.0!$!#=57$18!.5!%.*1&!.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! T!!#&&%Qmm999;0*-*&$(/;:.0m7'1'<*&5m-'6$-E0$&&'(5m5:($m.+'(+*'9!$18!#&&%Qmm999;0*-*&$(/E8*+.(:'E 6=*8';:.0m5'(+*:'0'07'(5E:*+*-E('-*'5!$&&$:#'8!&.!%.-'5;h! ".1&($(/!&.!#*5!9*<'>5!.91!.%*1*.1!&#$&!5#'!9$5!('-$&*+'-/!5$<'(!<-/*16!Nl,lcI"!#'-*:.%&'(5B!#'! 7'-*'+'8!5#'!9$5!*1!6('$&'(!8$16'(!7':$=5'!&#'!('8!:(.55B!$!5/07.-*:!-'6$:/!.5!9#'1!$!-.&!.5!1.!9$/!&.!:.00=1*:$&'!9*&#!&#'0;!! ! ]1'!5.-8*'(B!$!0':#$1*:!9#.!9$5!%('5'1&!8=(*16!.=(!*1&'(+*'9B!#.9'+'(B!('0*18'8!#*5!9*<'! &#$&!.1'!.5!9$/;!`&*--B!0$1/!9*+'5!9#.!1.&'8!&#'!8$16'(!*1+.-+'8!*1!8'%-./0'1&5!5#$('8!&#$&!&#'/! 9'('!1.&!9.((*'8B!6*+'1!&#'*(!:.1<*8'1:'!*1!&#'*(!#=57$185>!$18!#*5!:.0($8'5>!-'+'-!.5!8$16'(.=5;!4&>5!$!9$(;!I18!&#'('>5!%'.%-'!&(/*16!&.!A*--!#*0;!X=&!4!7'-*'+'! *1!#*0;!['!*5!$!#*6#-/!&($*1'8!%(.<'55*.1$-;!['!*5!+'(/!6..8!$&!9#$&!#'!8.'5;!I18! 5.!*5!'+'(/.1'!'-5'!$(.=18!#*0;!?#'/!5%'18!$!-.&!.! K'@&'18'8!:.00*&0'1&BL!9#*:#!*5!8*5:=55'8!7'-.9;!! C.1'!.5i! &#$&!*5B!5.-8*'(5!9#.!1'+'(!-'<&!&#'!('-$&*+'!5':=(*&/!.5!5.1!.(!8$=6#&'(B!$&! -'$5&;!4&!9.=-81>&!5''0!(*6#&!<.(!&#'0!&.!#$+'!&.!<$:'!6('$&'(!(*5A5!F=5&!7':$=5'! &#'/!8*81>&!#$+'!A*85!.(!$!9*<';!4!0'$1!4!-.+'!0/!#=57$18!7=&!5.!8.'5!&#$&!0.0;! `#'!-.+'5!#'(!5.1!F=5&!$5!0=:#;!! ! W#*-'!&#'('!*5!1.!5:#.-$(5#*%!.1!9#$&!5.-8*'(5!*1!&#'!:=(('1&!$--!+.-=1&''(!I(0/!7'-*'+'!$7.=&! &#*5!*55='BO!9'!8.!A1.9!&#$&!5.-8*'(5!*1!W.(-8!W$(!44!<'-&!&#$&!&#'*(!:.0($8'5!9*&#!8'%'18'1&5! 5#.=-8!7'!6*+'1!%('<'('1:'!*1!&#'!%.*1&!5/5&'0!&#$&!9$5!8'+*5'8!&.!5'-':&!5.-8*'(5!<.(! 8'0.7*-*b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`'+'($-!*1&'(+*'9''5!5#$('8!&#'*(!5.-8*'(5>!('5'1&0'1&!&#$&!7/!&#'!'*6#&#!.(!1*1&#!/'$(!.5!#=57$18!.<5! =1*&B!&#'!I(0/B!$18!'+'1!&#'!1$&*.1B!1.&!F=5&!<.(!/.=!.91!0$((*$6'B!&#$&!9.=-8!5''0! .+'(7'$(*16!$&!0.5&!&*0'5B!9.=-8!#'-%!6*+'!.1'!$!5'15'!.5!".(%5B!$!-'+'-!.5!:.1:'(15!9*&#!5'%$($&*.1B! '18$16'(0'1&!$18!<'$(B!&.!&#'!-.:$-!:.00=1*&/>5!-.55!.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 23!R322!9$5!&#'!<*(5&!/'$(!5*1:'!&#'!7'6*11*16!.5!<=--!:.0%-'0'1&!.5!:(*0'!*18'@!9$5!#*6#'(!&#$1!&#'!1$&*.1$-!$+'($6'B!#.9'+'(B! 7'&9''1!R33R!$18!R33h!&#'!*18'@!*1:('$5'8!('0$(A$7-/;!?#'!($&'5!.5!#*6#!:(*0'!($&'!$18!&#'!<$:&! &#$&!&#*'+'5!9.=-8!7'!5.!:$--.=5!$5!&.!%('/!=%.1!&#'!<$0*-*'5!.&!6'&!*&;!?#'('>5!1.!.1'!'-5'!7=&!5.-8*'(5!$18!&#'*(!<$0*-*'5!*1!&#*5!&.91;! ?#'!%'.%-'!5&'$-*16!$18!(.77*16!$('!%(.7$7-/!.&#'(!5.-8*'(5n!! ! `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

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 2Z!#&&%Qmm999;1'*6#7.(#..85:.=&;:.0m&@mA*--''1m:(*0'm!! 2S!?#'('!9'('!$!-.&!.5!<.(0$-!.7-*6$&*.1!&.! 5.-8*'(5!$18!&#'*(!<$0*-*'5!&#$&!1.!0$&&'(!9#'('!&#'*(!8=&/!&$A'5!&#'0!*1!&#'!9.(-8B!&#'/!9*--! (':'*+'!$!:.15*5&'1&!G=$-*&/!.!#$(85#*%5!$18!8*<<*:=-&*'5!$5!5$:(*<*:'5!&#'/!&..!%'(<.(0'8! $-.16!9*&#!&#'*(!5.-8*'(!%$('1&5;!4!1'+'(!.75'(+'8!&#'!A*18!.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 2T!l+'(/!5:#..-!*1!&#'!$('$!9$5!$8.%&'8!7/!$!5%':*<*:!=1*&!.1!).(&!e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`.!*5!0*1';!X*6!8'$-;!4&!F=5&!8.'51>&!0$A'!0=:#!5'15'! &.!0'!9#'1!&#'!9#.-'!5&(''&!*5!8'%-./'8!$18!'+'(/7.8/!$-('$8/!A1.95!*&;!!! ! I88*&*.1$--/B!5.0'!9*+'5!<'-&!&#$&!&#'!5'(+*:'!<-$6!:.=-8!7'!0*5*1&'(%('&'8!$5!$1! *18*:$&*.1!&#$&!&#'/!9'('!5'@=$--/!$+$*-$7-';RR!X=&!<.(!0.5&!9*+'5!9#.!8*8!1.&!8*5%-$/!&#'! 5'(+*:'!<-$65B!&#'!7*66'5&!('$5.1!9$5!5$<'&/E('-$&'8;!?#'/!<.=18!*&!#$(8!&.!5*61*5!#.=5'!$18!&'--!#'(!&#$&!#'!#$8!7''1!A*--'8!.+'(5'$5;!I::.(8*16!&.!&#'!5&.(/B!&#'!5.-8*'(! 8.'5!5.!$18!&#'!0.&#'(!8*'5!.!:$5A'&5!*5!0.('!*0%.(&$1&!&.!0'!&#$1!-'&&*16!.&#'(!%'.%-'!A1.9!#'! *5!5'(+*16;!! ! I!5'15'!.5!5.-8*'(!$18!$!5'15'!.%+)! ! W#'('!5.0'!5%.=5'5B!%$(&*:=-$(-/!&#'!<'9!9#.!8*5%-$/'8!5'(+*:'!<-$65!$6$*15&!$--! :$=&*.1B!0*6#&!#$+'!<'-&!&#$&!&#'/!9'('!7($+*16!8$16'(5!$-.16!9*&#!&#'*(!5.-8*'(E#=57$185B!0.5&! *18*:$&'8!&#$&!&#'*(!5'15'!.!0*185B!#$16*16!$!7-='!5&$(!7$11'(!9.=-8!&$A'!&#'0!.1'!5&'%!:-.5'(!&.!#$16*16!$!6.-8!.1';!I5!.1'! 5.-8*'(>5!0.&#'(E*1E-$9!.1!$!)$:'7..A!6(.=%!%$6'!9(.&'B!KN$/!D.8!X-'55!.=(!`.-8*'(5!$18!0$/!&#*5!X-='!`&$(! ('0$*1!7-='BL!&#$&!*5B!1.&!7':.0*16!$!6.-8!.1'!&#(.=6#!<$&$-*&/!.(!$!5*-+'(!.1'!&#(.=6#!*1F=(/;! ! "#$%&'(!)*+'! ,'%-./0'1&! 22Z! $-.165*8'!&#'*(!#=57$185B!(':'8'8!8=(*16!%'(*.85!.! :$(''(5!'@%'(*'1:'8!7$((*'(5!&.!:.00=1*:$&*.1!9*&#!&#'*(!8'%-./'8!#=57$185;!! ,=(*16!&#'!:=(('1&!:.1<-*:&B!&#'('!#$5!7''1!=1%(':'8'1&'8!$::'55!&.!:.00=1*:$&*.1! 7'&9''1!5.-8*'(5!.+'(5'$5!$18!&#'*(!<$0*-*'5!$&!#.0'!j`:#=00!'&!$-;!R33Sk;!41!5.0'!:.07$&! $('$5B!5.-8*'(5!#$+'!$::'55!&.!:'--!%#.1'!1'&9.(A5B!*1&'(1'&!+*8'.!:.11':&*.15!-*A'!`A/%'B!$18! .1E-*1'!5.:*$-!1'&9.(A5!-*A'!)$:'7..A;RS!`.-8*'(5!$18!&#'*(!<$0*-*'5!:$1!:.00=1*:$&'!$5!0=:#!*5!'@$0!9*&#!&#'*(!#=57$185! .(!*15*5&'8!.1!8$*-/!K8'E7(*'<*165L!$7.=&!&#'!=1*&>5!!$<<$*(5!9'('!*1!<.(!$1!$-&.6'&#'(!8*<<'('1&! '@%'(*'1:'!9#'1!&#.5'!#=57$185!9'1&!&.!9$(;!I&!+$(*.=5!%.*1&5!8=(*16!8'%-./0'1&5!$18! *00'8*$&'-/!$<&'(!*1:*8'1&5!*1+.-+*16!:$5=$-&*'5B!&#'!:.00$18!*0%.5'5!$!K:.07-.:AL!.(! :.00=1*:$&*.15!7-$:A.=&B!8=(*16!9#*:#!5.-8*'(5!$('!.(8'('8!&.!#$18!.+'(!.(!&=(1!.<

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! RS!`.-8*'(5B!%=(%.(&'8-/!'1:.=($6'8!7/!&#'!I(0/>5!_=7-*:!I<<$*(5!]<<*:'B!'+'1!%.5&!+*8'.5!&.!g.=&=7'B!.<&'1!.5!Kl-':&(*:!I+'1='L! #&&%Qmm999;/.=&=7';:.0m9$&:#H+oha.@5!K?'-'%#.1'L! #&&%Qmm999;/.=&=7';:.0m9$&:#H+o#$[p6)^hGC4i!,e!"$5%'(>5!K"#$E"#$!`-*8'LQ! #&&%Qmm999;/.=&=7';:.0m9$&:#H+oCpTqc"2gg2A;!! RT!#&&%Qmm999;$(0/0'8*:*1';$(0/;0*-m5<(:m]_`l"?(*<.-8;%8&! A1.9!*5!A*18!.&!&'--!0'!$--!&#'!7$8!5&=5!.+'(!&#'('B!4!A1.9!*&>5!$!&.&$--/!8*<<'('1&!9.(-8;!4&>5!$!&.&$--/!8*5&*1:&! ('$-*&/!<(.0!9#$&!9'!#$+'!&.6'&#'(!$&!#.0';!`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l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rg.=>+'!6.&!&.!6'&!/.=(!5#*&! &.6'&#'(;!X'!5&(.16;!g.=!5''!=5H!W'!:$1!8.!*&;!`.!:$1!/.=;!`&.%!7'*16!$!-*&&-'! 7*&:#B!5$/*16!/.=>('!6.*16!#.0'!:(/*16!&.!0.00/;! ! 41!&#*5!9$/B!&#'!:.00=1*&/!.5!.91!7'#$+*.(!7/!9$&:#*16!&#'!7'#$+*.(!.5!.91! '@%'(*'1:'!*1!&#'!'@%'(*'1:'!.!&#*1A*16!$9$/!<(.0!8=&/!$18!&.9$(8!$!%$(&*:=-$(!<.(0!.!=1*&5!'*&#'(!7'<.('!.(!8=(*16!8'%-./0'1&;Z2!W#*-'!&#'!0*-*&$(/!#$5!(*&=$-5!&.! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Ra!418''8B!5.0'!%$(&*:*%$1&5!'@%('55'8!:.1&'0%&!<.(!9*+'5!9#.!K%$:A'8!=%!$18!($1!#.0'!&.!0.00/L!8=(*16!&#'*(! #=57$185>!8'%-./0'1&5;! RO!41!&#*5!9$/B!-*+*16!9*&#*1!$18!:.00*&&*16!&.!&#'!0*-*&$(/!:.00=1*&/!*5!1.&!5.!0=:#!$!9$/!.5!9$/B! 9'('!<'$(<=-!<.(!&#'*(!#=57$185!8=(*16!8'%-./0'1&B!1.&!7':$=5'!.5!9*<'! '@%-$*1'8Q! ! g'$#B!4!9.((*'8!$7.=&!#*0!$!-.&!j8=(*16!&#'!-$5&!8'%-./0'1&k;!C.&!5.!0=:#! 7':$=5'!4!&#.=6#&!#'!9$5!*1!8$16'(!7=&!&#$&!#'!9.=-8!7'!('5%.15*7-'!<.(! 5.0'.1'!'-5'!6'&&*16!#=(&;!?#$&>5!9#$&!#'!9.((*'5!$7.=&;!I18!&#$&>5!&#'!#$(8'5&! &#*16!&.!8'$-!9*&#!*1!&#'!I(0/;!d1.9*16!/.=!<=:A'8!=%!$18!5.0'.1'!'-5'!8*'8;!4! 8.1>&!&#*1A!*&>5!&#'!5$0'!*1!.&#'(!F.75;!X=&!&#$&>5!-*A'uW#$&!8.!/.=!:$--!*&H!I!<$&'! 9.(5'!&#$1!8'$&#!$0.16!&#'5'!6=/5;!! ! I5!5#'!'@%-$*15B!7'*16!<.=18!('5%.15*7-'!<.(!$!:.0($8'>5!8'$&#!*5!$!<$&'!$-0.5&!9.(5'!&#$1! 8'$&#!*&5'-<;!X/!'@&'15*.1B!#$+*16!$!#=57$18!9#.!*5!('5%.15*7-'!<.(!&#'!8'$&#!.5!5.-8*'(!*5!$!&'((*5!'0%#$5*5!.1!$::.=1&$7*-*&/!*1<.(0'8!$!1.&*.1!&#$&!9*+'5!9'('!5*0*-$(-/!('5%.15*7-'Q! &#$&!&#'/!5=%%.(&'8!&#'*(!#=57$185!7/!8.*16!&#'*(!%$(&!&.!A''%!&#'0!$-*+'B!.=&!.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ZR!?#'!0*-*&$(/!7(.$8-/!(':.61*b'5!0.5&!8'$!$18!*1F=(*'5!$5!5$:(*<*:'!&.!&#'!1$&*.1;!).(!*15&$1:'B!$!5.-8*'(!1''8! 1.&!#$+'!7''1!*1F=('8!.(!A*--'8!*1!:.07$&!&.!(':'*+'!#.1.(5!5=:#!$!_=(%-'!['$(&!.(!$!D.-8!.(!`*-+'(!`&$(;! _$(&*:*%$1&5B!#.9'+'(B!9#'1!$5A'8!*5k;!! ! "#$%&'(!)*+'! ,'%-./0'1&! 22O! 8'%-./0'1&Q!$::.=1&$7*-*&/;!I!#=57$18!0*6#&!7'!*1!#$(0>5!9$/!7=&!#'!*5!&#'('!9*&#!:.0%'&'1&! :.--'$6='5B!#'-8!$::.=1&$7-'!&.!'$:#!.&#'(!7/!#*6#!5&$18$(85!.5!$!%('&&/!:.0%'&'1&!6=/;!['!A1.95!#*5!F.7;!I18!5.!8.'5!'+'(/.1'!'-5'! .1!#*5!:('9;!?#'/!&($*1!$18!&($*1!$18!&($*1;!I18!&#'/!6'&!(*8!.&! #$18-'!*&!-.16!7'<.('!&#'/!6.!.+'(5'$5;!`.!4!$0!%('&&/!:.1<*8'1&!#'>5!6.*16!&.!7'! ]d;!! ! 41!&#'!.+'($--!:.1&'@&B!5.-8*'(5!$18!#=57$185!$('!5''1!!$5!%'.%-'!9*--*16!&.!8*'!$18! 5$:(*<*:'!<.(!&#'*(!:.=1&(/!$5!9'--!$5!&':#1*:$--/!%(.<*:*'1&!*18*+*8=$-5!8'%'18*16!.1!.1'!$1.&#'(! *1!:-'$(!$18!8'0.15&($7-'!9$/5;!41!&#'!'@%'(*'1:'!.!&#*1A*16!<.:=5'5!0.('!.1!&#'!-$&&'(;!!W#$&!('6=-$(! $(0/!9*+'5!8'(*+'!<(.0!&#'*(!!*1+.-+'0'1&!*1!&#'!0*-*&$(/!:.00=1*&/!f!5:(=&*1/B!8*5:*%-*1'!$18!$! 5'15'!.!5$<'&/!.+'(5'$5;!I5!&#*5!('6=-$(!$(0/!9*<'!'@%-$*1'8Q! ! 4&!0$&&'(5!&.!0'!#.9!9'--!/.=!$('!#.-8*16!=%!7':$=5'!*5!-*<';! ! ?#*5!('6=-$(!$(0/!9*<'!$&!).(&!e$:A5.1!'@%-$*15!9#/!$1.&#'(!9*<'>5!*1<*8'-*&*'5!8=(*16! 8'%-./0'1&!9'('!$!-'6*&*0$&'!*55='!.

! "#$%&'(!)*+'! ,'%-./0'1&! 2R3! W'!#$8!.1'!5*&=$&*.1!8=(*16!&#'!-$5&!8'%-./0'1&;!I!9*<'!9$5!5=%%.5'8-/!<..-*16! $(.=18!.1!#'(!#=57$18;!I18!=5=$--/B!4!:.=-81>&!:$('!-'55;!X=&!9.(8!9$5!6'&&*16! 7$:A!&.!&#'!6=/5!.+'(!*1!4($G!$18!&#$&!9$5!5&$(&*16!5.0'!('$-!%(.7-'05;!C.&!F=5&! <.(!#'(!#=57$18!7=&!<.(!'+'(/.1'!9#.!#$8!&.!9.(A!9*&#!#*0!$18!('-/!.1!#*0;!`.! &#'!)JD!j)$0*-/!J'$8*1'55!D(.=%k!-'$8'(!$18!'+'1!&#'!J'$(!,'&$:#0'1&! :.00$18'(!6.&!*1+.-+'8;! ! 41&'(+*'9''5!-*A'!&#*5!.1'!.=&-*1'8!$!5'(*'5!.5!7('$A8.91! .(!7'&($/$-!9.=-8!$<<':&!#'(!5.-8*'(>5!%'(<.(0$1:'!$18!:.15'G='1&-/!'18$16'(!&#'!-*+'5!.!#=57$185;!_$(&*:*%$1&5!1'+'(!.<<'('8!5&.(*'5!.5!<('$A*16!&#'!.&#'(!9*+'5!.=&;L!?#*5! 0':#$1*:>5!9*<'!6*+'5!$1!'@$0%-'!.5!9*<'B!&.-8!#'(!#=57$18!9#.!&#'1!&.-8!$!-*'=&'1$1&!9#.!&#'1! &.-8!"$(->5!C"]!j1.1E:.00*55*.1'8!.<<*:'(k!&#$&!4!9$5!-.5*16!*&!$18!9.((/*16!$--! &#'!.&#'(!9*+'5!$18!#'!1''8'8!&.!8.!5.0'&#*16!$7.=&!*&;!! ! ).(!&#*5!('$5.1B!0$1/!%$(&*:*%$1&5!('%.(&'8!&#$&!&#'/!A'%&!*1!&.=:#!9*&#!&#'*(!)JD!.1-/!*1!.(8'(! &.!('0$*1!*1<.(0'8!7=&!1'+'(!'@%':&'8!5'(*.=5!5=%%.(&;!41!&#*5!9$/B!&#'!:.00*&0'1&!'@&'18'8! 7'&9''1!5%.=5'5!9$5!$!:.00*&0'1&!&.!8.!&#'*(!*18*+*8=$-!%$(&5!1.&!&.!7('$A8.91!$18!&.! 5:(=&*1*b'!.1'!$1.&#'(!&.9$(85!&#$&!'18;!)(.0!9#$&!&#'/!5$*8B!&#'/!8*8!&#*5!1.&!.=&!.!9'-<$(';! ?#=5B!&#*1A*16!*1!&'(05!.

! "#$%&'(!)*+'! ,'%-./0'1&! 2R2! W#*-'!'@&'18'8!:.00*&0'1&!*5!&#'!%('8.0*1$1&!9$/!*1!9#*:#!('6=-$(!$(0/!9*+'5!<($0'! &#'*(!0$((*$6'5!8=(*16!8'%-./0'1&B!.7-*6$&*.1!$5!$!9$/!.5!'@%'(*'1:'!.5!<$0*-*'5!$18!&#'!I(0/;!?#*5!('-$&*.15#*%!*5!.1'!.5!<$0*-/!$18!9#$&!&#'/!:$1!'@%':&;!W#'('!5:#..-5!*1!.+'(9#'-0*16-/!:*+*-*$1!:.1&'@&5! ('<-':&!7$:A!&.!9*+'5!$18!0.&#'(5!.

! "#$%&'(!)*+'! ,'%-./0'1&! 2RR! 41!:.1&($5&!&.!$!5'15'!.5!.7-*6$&*.15!&.!&#'0!$18!.!8'5*('5!&.!7'!*18'%'18'1&!$('!$5!0=:#!<.(!&#'*(!5.-8*'(5!$5!*&!*5!<.(!&#'05'-+'5;! I5!9'!9*--!5''!*1!&#'!1'@&!:#$%&'(B!9#'1!5.-8*'(5!('&=(1B!&#'!%$($8.@'5!.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ZT!?#*5!*5!.1'!$159'(!&.!&#'!%=bb-'!.!0'0.(*$-!:*+*:!:'1&'(!*1!&#'! 8.91&.91!$('$!.5!:.-.(5ZP!$18!&#'!:#$16*16!.5!I(0/!C$&*.1$-!D=$(8!*1!9#*:#!#'!'@%-$*1'8!&#'!7$&&$-*.1>5!:=(('1&!9$(!$*05!*1!4($GB! -*A'1*16!&#'0!&.!&#'!:.-.1*$-!'($!#'(.!X$(.1!+.1!`&=7'1!9#.!:$0'!<(.0!_(=55*$!&.!&($*1!&#'! '$(-/!I0'(*:$1!I(0/;!?#'!0$F.(!6'1'($-!'@%-*:*&-/!$5A'8!&#'!5%.=5'5!&.!5&$18!$18!#'! (':.61*b'8!&#'0!<.(!&#'*(!5'(+*:';!['!$-5.!$5A'8!&#'!:#*-8('1!&.!5&$18B!%-$:'!&#'*(!#$185!.+'(! &#'*(!#'$(&5B!$18!%-'86'!&.!8.!&#'*(!7'5&!&.!0$A'!&#'*(!5.-8*'(!%(.=8!.&!=5'!8'%-./0'1&!$5!$1!'@:=5';!W.(A!'+'1!#$(8'(!8=(*16!8'%-./0'1&!$&! 5:#..-!$18!$(.=18!&#'!#.=5'!&.!0$A'!/.=(!5.-8*'(!%(.=8!.5! 8.*16!5.0'&#*16!&.!0$A'!/.=!%(.=8;! !

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ZP!?#'!7$&&$-*.1>5!<-$6!9$5!(.--'8!=%!$18!%-$:'8!*1!$!7-$:A!5#'$&#;!?#'!5%'$A'(!'@%-$*1'8!&#$&!&#'!:.-.(5!('%('5'1&! &#'!5%*(*&!.5!<$0*-/;!?#'!6'1'($-!1'+'(!%(.0*5'5!&#$&!&#'!C$&*.1$-!D=$(8!9*--!0$A'!&#*5!%'(*.8! .5!5&('16&#;!['!(':.61*b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e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

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Zh!?#'!<$('9'--!:'('0.1*'5!*15&*--'8!$!5'15'!.5B!9#'1!5.-8*'(5!('&=(1'8! *18*+*8=$--/!$<&'(!&9.!9''A5!$&!#.0'!<(.0!.+'(5'$5B!9'('!&#'!#$(8'5&!7':$=5'!*&!9$5!=5=$--/!F=5&!7'&9''1!$! 5.-8*'(!$18!#*5!<$0*-/;!! ! "#$%&'(!)*+'! ,'%-./0'1&! 2RP! ?#*5!<''-*16!.!$18!.&#'(!<$0*-/! 0'07'(5>!0$(*&$-!-*+'5!0$8'!*&!#$(8!<.(!&#'0!&.!&#*1A!.5!9*<'!9$5!6.*16! *1&.!$!%-$:'!-*A'!$!('5&$=($1&!9#*-'!#'!9$5!8'%-./'8!$18!<''-*16!&#$&!%'.%-'!&#.=6#&!5#'!9$5!$! 5*16-'!0.0;!C'$(!$1!$(0/!7$5'!-*A'!).(&!e$:A5.1B!&#'!9*<'!.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Za!W'!:$1!:.1&($5&!&#*5!9*&#!&#'!5'15'!&#$&!$!('6=-$(!$(0/!*15&$--$&*.1B!-*A'!).(&!e$:A5.1B!*5!$!8*5&*1:&!.(!5$:('8! 5%$:';!)=(&#'(0.('B!4!:.1&'18!&#$&!*&!*5!$!5%$:'!*1!9#*:#!&#'!*1&'15*&/!.5!F=5&*<*:$&*.15!*1!$!:.00*&0'1&! &.!0$((*$6'!0.('!8*<<*:=-&;!! C$&*.1$-!6=$(8!9*+'5!8.!1.&!#$+'!0=:#!$::'55!&.!0*-*&$(/!*15&*&=&*.15!$18!$6'1:*'5!&#$&! 0*6#&!$--'+*$&'!5.0'!.

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! ZO!]&#'(!('5'$(:#'(5!#$+'!5#.91!&#$&!8=(*16!8'%-./0'1&!('5'(+'!:.0%.1'1&!jC$&*.1$-!D=$(8k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

! "#$%&'(!)*+'! ,'%-./0'1&! 2Z3! 5#$(*16!&#'*(!5$:(*<*:'B!7=&!7':$=5'!&#'/!$('!-$(6'-/!$-.1'B!-*+*16!$0.16!&#'!7'1'<*:*$(*'5!.

! "#$%&'(!)*+'! ,'%-./0'1&! 2Z2! !"#$%&'()*+(( ( )"*,%-(*.(/"*.0*.1(23'*.1(4&3.*5.( ( 6.%'5738%*5.( ! 2#'!3$4&!5#$%&'(!$66('44'6!#/7!$(89!7*:'4!&#*.;!$-'.&!%'(*/6!*.!&#'!5953'!/?! 8*3*&$(9!4'(:*5'@!('-.*/.=!A/7!6/!7*:'4!&#*.;!$-*(*.G!3*&&3'!I-4&*?*5$&*/.!/.!&#'!%$(&! /?!$(89!7*:'4!*.!&'(84!/?!#/7!8-5#!#$(64#*%!&#'9!$('!7*33*.G!&/!'.6-('!D'??/(&E!$.6!?/(!7#/8! &#'9!$('!7*33*.G!&/!'.6-('!*&!D45/%'E=!,'-.*/.!8*G#&!('3*':'!7*:'4!/?!&#'!#$(6!7/(;!/?!;''%*.G! $.!$<4'.&!%$(&.'(!%('4'.&!*.!&#'!3*?'!/?!&#'!5/-%3'!$.6!&#'!?$8*39!6-(*.G!6'%3/98'.&!DJ/44! 0KKKE=!!A/7':'(H!&#*4!5/88/.4'.4'!'+%'5&$&*/.!/?!('-.*/.!$4!$!L('&-(.!&/!./(8$3M!*4!3$(G'39! 5/.&'4&'6!<9!&#'!$55/-.&4!/?!('-.*/.!4#$('6!<9!%$(&*5*%$.&4=!C#'('!5/8<$&!6'%3/98'.&4!7'('! 53'$(39!&#'!%'(*/6!6-(*.G!7#*5#!$(89!7*:'4!7'('!8/4&!$?($*6!?/(!&#'!4$?'&9!/?!&#'*(!#-4<$.64H! ('-.*/.4!7'('!&#'!&*8'!&#'9!7'('!8/4&!$?($*6!?/(!&#'!#'$3&#!$.6!4-(:*:$3!/?!&#'*(!8$((*$G'4=0! C'!7*33!4''!#/7!7*:'4N!&#*.;*.G!$6I-4&4!&/!&#'!5#$33'.G*.G!%'(*/6!/?!('-.*/.=! O'4%*&'!&#'!?'$(4!$44/5*$&'6!7*&#!6'%3/98'.&!$.6!&#'!6*??*5-3&*'4!/?!('-.*/.H!7'!;./7! &#$&!8*3*&$(9!?$8*3*'4!$%%'$(!&/!<'5/8'!8/('!('4*3*'.&H!$&!3'$4&!7#'.!8'$4-('6!<9!*.5*6'.5'!/?! 6*:/(5'H!$?&'(!6'%3/98'.&!$.6!7*&#!'$5#!4-55'44*:'!('6'%3/98'.&=!O($7*.G!/.!&#'!%'(4/..'3! ('5/(64!/?!/:'(!4*+!8*33*/.!('G-3$(!$(89!$.6!.$&*/.$3!G-$(6!4'(:*5'!8'8<'(4!?(/8!0KKP!&/!QRRPH! S$(.'9!$.6!"(/7.!6'8/.4&($&'6!&#$&!$?&'(!&#'!<'G*..*.G!/?!&#'!7$(!*.!QRR0H!6*:/(5'!7$4! $5&-$339!3'44!5/88/.!$8/.G!?$8*3*'4!7#/4'!4/36*'(4!#$6!6'%3/9'6!DQRRT@++***EH!$.6!/:'($33! 6*:/(5'!($&'4!(/4'!/.39!G($6-$339H!.':'(!$5&-$339!8$&5#*.G!&#'!%'$;!9'$(H!0KKKH!7#*5#!/55-(('6! 6-(*.G!%'$5'!&*8'!DQRRT@++U++*E=!!V.!QR0RH!&#'!/:'($33!8*3*&$(9!6*:/(5'!($&'!3':'3'6!/??!$?&'(!(*4*.G! ?/(!&#'!%(':*/-4!?*:'!9'$(4!DJ-4#$&W!QR0RE=!2#*4!#$4!3'6!('4'$(5#'(4!&/!4%'5-3$&'!&#$&!7#*3'!&#'! 5953'!/?!6'%3/98'.&!$.6!('-.*/.!#$4!*&4!4&('44'4H!*&!$34/!#$4!<'.'?*&4H!

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

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Q!V.!$66*&*/.!&/!?('>-'.&!%#/.'!5$334!$.6!/.!3*.'!:*6'/!5$334H!&7/!*.G'.-/-4!6':*5'4!&#$&!;'%&!$<4'.&!?$&#'(4! %('4'.&!*.!&#'!#/8'!6-(*.G!6'%3/98'.&!7'('!L^3$&!O$66*'4M!$.6!&$3;*.G!4&/(9!-'.&!<-4*.'44!&($:'3'(4=!J-&!8/4&!/?!&#'4'!?$8*3*'4H! -.3*;'!8*3*&$(9!?$8*3*'4H!6/!./&!$34/!?$5'!6-(*.G!&#$&!$<4'.5'!&#'!%/44*<*3*&9!/?!%'(8$.'.&!3/44=! 2#'!'8/&*/.4!$.6!&'.4*/.4!&#$&!$(*4'!?(/8!4-5#!$!%/44*<*3*&9!$('!/?&'.!-.('4/3:'6!7#'.!$! 4/36*'(!('&-(.4!#/8'=!\4!&#'!7*?'!>-/&'6!*88'6*$&'39!$

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! -/&'6!*88'6*$&'39!$H!&#'('!7$4!$!!"#$#""%!4&/(9!$.6! &#'('!#'![#'(!#-4<$.6]!7$4H!$!%*5&-('!/?!#*8!$.6!':'(9&#*.G=!A*4!#'3*5/%&'(! 6(/%%'6!&#'!-'.5'4!/?!5/8<$&!4'(:*5'!?/(!&#'*(!4/36*'(4=!)/36*'(4!5$.!('&-(.!7*&#!53'$(!%#94*5$3! *.I-(*'4!&/!&#'*(!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 1!Lhk)`"@!\!e-*6'!?/(!^$8*39!$.6!^(*'.64M!%-<3*4#'6!<9!04&!V.?/(8$&*/.!h%'($&*/.4!"/88$.6!Db$.6EH!l-3.'($<*3*&9! \44'448'.&!O*:*4*/.H!hk)`"!)'5&*/.H!#&&%@FF777=$(898'6*5*.'=$(89=8*3F4?(5Fhk)`"2(*?/36=%6?![3$4&!$55'44'6! Q0R0FPFP]=!! ! "#$%&'(!)*+! ,'-.*/.! 01P! )&('44!O*4/(6'(4!D\)O!/(!k2)OE=!C#$&':'(!&#'!5$4'H!&#'!4/36*'(!('&-(.4!&/!#*4!?$8*39!%(/?/-.639! 5#$.G'6H!$66*.G!&/!&#'!6*??*5-3&*'4!/?!('-.*/.=!! ! \G$*.!$.6!$G$*.H!7*:'4!4#$('6!$!G(/7*.GH!5/33'5&*:'!('$3*W$&*/.!&#$&!('-.*/.!*4!&#'!8/4&! 6*??*5-3&!%'(*/6!?/(!&#'8!*.!&#'!8*3*&$(9!5953'=!\4!/.'!7*?'!'+%3$*.'6@! ! 2#'!7/(4&!%$(&!/?!<'*.G!$!4/36*'(N4!7*?'B!V!-4'6!&/!&#*.;!*&!7$4!&#'!4'%$($&*/.4=! 2#'!6'%3/98'.&4=!i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b$&'(H!7'!7*33!4''!&#$&!*.!('4%/.4'!&/!&#*4!$8<*G-*&9H!7*:'4!4#*?&! &#'!-.6'(4&$.6*.G!/?!&#'*(!%/4&U('-.*/.!8$((*$G'4!&/!&#'!5'(&$*.H!4%'5*?*'6H!$.6!5$35-3$<3'! &'(84!/?!/<3*G$&*/.=! V.!G'.'($3H!$.!$8<*G-/-4!3/44!5$.!/55-(!*.!$!?$8*39!?(/8!'*&#'(!/.'!/?!&7/!?/(84!/?! $<4'.5'=!h.'!*4!$!L%('4'.&!$<4'.5'M!a!7#'.!$!?$8*39!8'8<'(!*4!L678$-+'338/'0$"()!<-&! %495#/3/G*5$339!%('4'.&M!DJ/44!0KKK@m!/(*G*.$3!'8%#$4*4E=!2#'!*.*&*$3!'+$8%3'!/?!&#*4!;*.6!/?! %('4'.&!$<4'.5'!$.6!('4-3&*.G!$8<*G-/-4!3/44!5$8'!?(/8!J/44N4!('4'$(5#!7*&#!&#'!?$8*3*'4!/?! %*3/&4!*8%(*4/.'6!/(!8*44*.G!*.!$5&*/.!6-(*.G!&#'!5/.?3*5&!*.!l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a!7#'&#'(!/.'!/?! 5/8%$.*/.4#*%!/(!5/8($6'4#*%!a!$&!&#'!5'.&'(!/?!&#'!*6'$!/?!5/88*&8'.&!6/'4!./&!#/36!-%! $G$*.4&!&#'!('$3*&*'4!/?!3*?'!$?&'(!('-.*/.=!! V.!5#$%&'(!1H!7'!4$7!&#'!7$94!*.!7#*5#!5/88*&8'.&!$4!$!5$&'G/(9!/?!&#*.;*.G!8$&5#'6! :$3-'4!$44/5*$&'6!7*&#!#*4&/(*5$3!$.6!4/5*/3/G*5$3!8/6'34!/?!

! "#$%&'(!)*+! ,'-.*/.! 01m! %'(5'%&*/.4!5#$.G'!$.6!3'$6!&/!/&#'(!7$94!/?!&#*.;*.G!$.6!&$3;*.G!$-'.&!/.!$!3$(G'!*.4&$33$&*/.!3*;'!^/(&!c$5;4/.Hg! #'3%!&#'!5/88-.*&9!8$(;!%#94*5$3!3/44=!V.!4/8'!7$94H!#/7':'(H!&#'!%('6/8*.$.5'!/?! 5'('8/.*'4!8$(;*.G!&#*4!;*.6!/?!3/44!8$;'4!*&!#$(6'(!?/(!7*:'4!&/!('5/G.*W'!L$8<*G-/-4!3/44=M! S./7*.G!&#$&!4/8'!7*:'4N!#-4<$.64!7*33!.':'(!('&-(.!8$;'4!*&!6*??*5-3&!?/(!/&#'(!7*:'4!&/! ('5/G.*W'!$!%$(&*$3!3/44=!"/8%$('6!&/!&#/4'!7#/!#$:'!3/4&!$33H!7*:'4!?''3!G-*3&9!('5/G.*W*.G!$.6! G(*':*.G!$!%$(&*$3!3/44=!\4!/.'!7*?'!$&!^/(&!c$5;4/.!'+%3$*.'6@! ! V!;./7!&#*.G4!$('!(/-G#!7*&#!8'!$.6![#'(!#-4<$.6]=!2#$&!#'N4!G/.'!&#(/-G#!$! 3/&H!$.6!&#$&!7'!#$:'!-'.&!&#$&!&#'!%/4&!5/88$.6!/?!&7/!3$(G'! *.4&$33$&*/.4H!^/(&!O(-8!$.6!^/(&!b'7*4H!%(/%/4'6!#/36*.G!/.'!8/.'!4'(:*5'!?/(!$33!4/36*'(4!7#/!#$6!6*'6!*.!&#'! %(':*/-4!8/.&#!D2$.!QRRTE=!i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h&#'(!;*64!$('!./7!/(%#$.4=!C#$&!6/!V!#$:'!&/!?''3!<$6! $-'.&!8/:'4H!/?&'.!&/!.'7!$.6!'+/&*5!%3$5'4H!5$.!<'!$!%/4*&*:'!4*6'!/?!8*3*&$(9! '+%'(*'.5'!DC'5#43'(U)'G$3!0Kmg@Q0EH!&#'9!5$.H!7#'.!5/8*.G!/.!&#'!#''34!/?!('-.*/.H!8$;'!*&! #$(6'(!?/(!5/-%3'4!&/!('5/:'(=!k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c$5;4/.!<'G*.!&/!4#*?&!&#'*(!&#*.;*.G!$7$9!?(/8!5/88*&8'.&!&/7$(64!/<3*G$&*/.=!2#*4!4'5&*/.! 7*33!6'45(*<'!$!.-8<'(!/?!&#'!?$5&/(4!&#$&!5/.&(*<-&'!&/!&#*4!4#*?&H!*.53-6*.G!&#'!'8'(G'.&! ('$3*W$&*/.!&#$&!<'*.G!$.!$(89!7*?'!*4!$!I/-'!8*3*&$(9!L3$-*('6!?/(!&#'!5/.&*.-'6!?-.5&*/.*.G!/?!&#'!?/(5'!/?!7#*5#!#'(!#-4<$.6!*4!$!%$(&=m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o:'./&!5$33!&#'!*.5$35-3$<3'!$??'5&*:'!('G*8'!/(!L(oG*8'! 6N$G$%pM!&/!&#$&!/?!$!('G*8'!/?!'>-*:$3'.5*'4!D0KKK@1gQE!a!$!7$9!/?!&#*.;*.G!7*&#!4%'5*?*$<3'H! 5$35-3$<3'!>-$.&*&*'4=!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! m!2#*4!;*.6!/?!('3$&*/.4#*%H!<'&7''.!*.6*:*6-$34!$.6!*.4&*&-&*/.4!&/!7#*5#!&#'9!$('!./&!?/(8$339!$!%$(&!<-&!7#*5#! G('$&39!*.?3-'.5'!$.6!4#$%'!&#'*(!3*:'4H!*4!&#'!4--*:$3'.5*'4H!('G-3$(!$(89!7*:'4!3*:*.G!*.!$!8*3*&$(9!5/.&'+&!7#'.! &$3;*.G!$h2"!45#/3$(4#*%!$.6!&#'.!^/(&!,-5;'(4![7#'('!#'!7$4!&($*.'6!&/! ?39!#'3*5/%&'(4]H!#'!4&*33!/7'4!&#'8!?*:'!9'$(4!/?!4'(:*5'=!C'!#$:'!&/!G*:'!&#'8! 7#$&!7'!/7'!&#'8=!\?&'(!&#$&H!V!6/.N&!;./7!#/7!8-5#!3/.G'(!7'!7*33!4&$9!*.=!! ! C*:'4!$34/!4%/;'!/?!&#'!8$&'(*$3!$.6!/&#'(7*4'!5/.5('&'!<'.'?*&4!/?!%$4&!6'%3/98'.&4!$.6! ?-(&#'(!4'(:*5'@!! ! d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i"h![./.U5/88*44*/.'6!/??*5'(]!&(*'6!&/!7$(.! #*8!&#$&!('-.*/.!*4!.':'(!%('&&9=!J-&!#'!6*6.N&!<'3*':'!#*8=!\.6H!/#!!8%?%-%*&!81&'#@'! ! C*&#!('-.*/.H!.$&*/.$3!G-$(6!4/36*'(4!5(/44!$!-'.&39H!4/36*'(4!('&-(.!/.!<-4'4!&#$&!$('!G(''&'6!<9!?$8*39H!?(*'.64H! $.6!/&#'(!5*&*W'.4!3*.*.G!&#'!4&(''&4!/?!&#'*(!#/8'!&/7.4=!!`:'.!<'?/('!5/8*.G!#/8'H!4/36*'(4! $('!7'35/8'6!$&!$*(%/(&4!<9!4%'5*$3!('5'%&*/.4=!h.'!.$&*/.$3!G-$(6!7*?'!'+%3$*.'6!$!(*&-$3! %'(?/(8'6!$4!#'(!#-4<$.6N4!5#$(&'('6!?3*G#&!&$+*'6!&/7$(64!&#'!&'(8*.$3@! ! C#'.!&#'9!7'('!/-&!/.!&#'!(-.7$9H!&#'*(!%3$.'!7$4!4$3-&'6!<9!&7/!?*('!'.G*.'4=! 2#'9!4%($9'6!$.!$(5!/?!7$&'(!/:'(!&#'!%3$.'!$4!&#'9!5$8'!-%!&/!&#'!$*(%/(&=!2#'9!

! "#$%&'(!)*+! ,'-.*/.! 0ZT! 4$*6!*&!7$4!$!4%'5*$3!#/./(!$.6!$!7$9!/?!7$4#*.G!$7$9!$33!&#'!<$6!4&-??!&#$&! #$%%'.'6!&/!&#'8!/:'(!&#'('=!! ! V.!$66*&*/.!&/!G'4&-('4!4-5#!$4!&#*4!(*&-$3!53'$.4*.GHK!('&-(.*.G!G-$(648'.!$('!/?&'.!G(''&'6!<9! /(G$.*W'6!5/.&*.G'.&4!?(/8!&#'!:'&'($.4N!8/&/(!5953'!G(/-%!&#'!k$&(*/&!,*6'(4!e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r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

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! K!V.&'('4&*.G39H!^('-6!%/*.&'6!/-&!*.!&#'!'$(39!6$94!/?!C/(36!C$(!V!&#'!$8<*G-*&9!7*&#!7#*5#!L-.5*:*3*W'6M!5-3&-('4! &('$&'6!('&-(.*.G!7$((*/(4H!-$(&'(4!/(!$&!3/.G!($.G'=!V&!*4!7/( !/?!./&'!&#$&!&#'! %(*8*&*:'!($5'4!7#*5#!4&*33!4-(:*:'!*.!&#'!7/(36H!$.6!$('!-.6/-<&'639!53/4'(!&#$.!7'!$('!&/!%(*8':$3!8$.H!$5&! 6*??'('.&39!*.!&#*4!('4%'5&H!/(!6*6!-.&*3!&#'9!5$8'!-.6'(!&#'!*.?3-'.5'!/?!/-(!5*:*3*W$&*/.=!)$:$G'4!a!\-4&($3*$.4H! J-4#8'.H!2*'(($!6'3!^-'G$.4!a!$('!?$(!?(/8!<'*.G!('8/(4'3'44!8-(6'('(4Y!7#'.!&#'9!('&-(.!:*5&/(*/-4!?(/8!&#'! 7$(U%$&#!&#'9!8$.9!./&!4'&!?//&!*.!&#'*(!:*33$G'4!/(!&/-5#!&#'*(!7*:'4!&*33!&#'9!#$:'!$&/.'6!?/(!&#'!8-(6'(4!&#'9! 5/88*&&'6!*.!7$(!<9!%'.$.5'4!7#*5#!$('!/?&'.!3/.G!$.6!&'6*/-4M!D0K0P@QKPE=!2#'!?*38!97"/:"3+,&"!6/5-8'.&4! &#'!'+%3*5*&!*.5/(%/($&*/.!/?!i$&*:'!\8'(*5$.!%-(*?*5$&*/.!(*&-$34!$4!%$(&!/?!$!&#'($%'-&*5!%(/5'44!?/(!:'&'($.4! D)#'3&/.!QRR0E=! 0R!2#'!k$&(*/&!,*6'(4!e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

! "#$%&'(!)*+! ,'-.*/.! 0ZK! 53'$(U5-&!$.6!&/&$3!3/44'4!/?!?$&$3*&*'4H!&#'!(*&-$3!'8%#$4*4!/.!&($.4*&*/.!<$5;!*.&/!&#'!5*:*3*$.! 5/.&'+&!?/(!.$&*/.$3!G-$(6!?$8*3*'4!%-<3*539!8$(;4!&#'!6-$3!.$&-('!/?!&#'!5*&*W'.U4/36*'(=!! c-4&!$4!&#'4'!(*&-$34!%-<3*539!('5/G.*W'!#'(!#-4<$.6!$4!-'.5'4!?/(!&#'!7$94!*.!7#*5#!.$&*/.$3! G-$(6!7*:'4!&#*.;!$&!('-.*/.=!^*(4&H!7*&#!&#*4!53/4-('H!7'!#'$(!$.!'.6!&/!&$3;!/?!6-&9=!2#'! &($.4*&*/.!?(/8!5*:*3*$.!&/!8*3*&$(9!D6'%3/98'.&E!$.6!<$5;!&/!5*:*3*$.!D('-.*/.E!%$($33'34!(*&-$3! 8/:'8'.&4!?(/8!%(/?$.'!&/!4$5('6!$.6!<$5;!&/!%(/?$.'=!"/8%3'&*.G!&#*4!5953'!8$;'4!$! .$&*/.$3!G-$(6!?$8*39N4!4$5(*?*5'!!5/8%3'&'H!I-4&!$4!*&!6*6!*.!$.5*'.&H!4$5('6!/??'(*.G4!DA-<'(&!$.6! _$-44!0KgZE=!2#*4!4-55'44?-3!5/8%3'&*/.!/?!4$5(*?*5'!7$4!':*6'.5'6!7#'.!8/4&!.$&*/.$3!G-$(6! 7*:'4!4&$&'6!&#$&!&#'9!?''3!&#$&!$?&'(!/.'!6'%3/98'.&H!&#'9!$.6!&#'*(!#-4<$.64!#$:'!6/.'! './-G#!?/(!&#'*(!5/-.&(9=!\4!&#*4!.$&*/.$3!G-$(6!7*?'!4$*6@! ! h#H!'$4*39=!V!&#*.;!7'!#$:'!6/.'!/-(!%$(&!7*&#!&#$&!?*(4&!6'%3/98'.&=!h-(!4$5(*?*5'! *4!6/.'=!C'!G$:'!/-(!?*?&''.!8/.!$.6!8/('=! !

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 00!V.!#'(!('4'$(5#!7*&#!?$8*3*'4!/?!\3W#'*8'(N4!%$&*'.&4H!k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`Qa!+$&5/+$.!<=$(-!6/.-5'(68!/(!3`b!/;!&#'!'+&5('!O&($5+'-!6&('+<&#P! /;!&#'!D(10!X$&5/+$.!L=$(-8!#$-!-'%./0'-!/+7'!&/!/*'(6'$6!7/1A$&>!K/=(&''+!%'(7'+&!/;!&#'! '+&5('!;/(7'!#$-!-'%./0'-!;/(!&9/!&/=(6!$+-!&9/!%'(7'+&!;/(!&#(''!MD(10!X$&5/+$.!L=$(-!c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h/(/0$!QR2QN>!^&#'(6!6&$&'!&#$&! 6/.-5'(6!95&#!1=.&5%.'!-'%./01'+&6!$('!1/('!.5@'.0!&/!6=;;'(!;(/1!D7=&'!)&('66![56/(-'(!$+-! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! 1/+!;/(!7/1A$&!=+5&6!$+-!2Q!1/+!;/(!7/1A$&!6=%%/(&!$+-!7/1A$&!6'(*57'!6=%%/(&!=+5&68!$+-!.$&'(!9'+&! &#(/=<#!$!*'(0!7/1%.57$&'-!%/5+&!606&'1!;/(!5+-5*5-=$.!6/.-5'(6>!4+!J5'&+$18!6/.-5'(6!(/&$&'-!$;&'(!2Q!1/+!5+! &#'$&'(!/+!$+!5+-5*5-=$.!A$656>!)=A6'F='+&!(/&$&5/+!%/.575'6!#$*'!*$(5'-!5+!('6%/+6'!&/!&#'!7/1A$&$+&! 7/11$+-'(Z6!+''-6P!M999>$(10>15.!QRRUN>! Q!I#'!;/../95+( =(?+&( >(?+&( =(@36,$6&( >(@36%,$6&( 2&$678&5! 2&$678&5! 2&$6789&+%! 2&$6789&+%! 2&$6789&+%.! 2&$6789&+%.! ,'<=.$(! Qea8UaU! 33>ab! 2SQ8SUe! U\>\b! a\833\! 2a>Ub! D(10! D(10! aR8\`a! Q3>ab! 3S82UU! 2\>\b! UQ832\! a>Ub! X$&5/+$.! L=$(-! ! ! "#$%&'(!)'*'+! ,'-'%./01'+&! 23\! c/6&HI($=1$&57!)&('66![56/(-'(!MK(5+7=HW$..$6!QR2RN!9#5.'!/&#'(6!;5+-!&#$&!&#'!/77=(('+7'!/;! cI)[!56!1/('!6&(/+<.0!('.$&'-!&/!O6'*'('!7/1A$&!':%'(5'+7'P!&#$+!&/!1=.&5%.'!-'%./01'+&6! Mh/(/0$!QR2QN>!46/.$&'-!5+75-'+&68!6=7#!$6!&#'!$(10!6&$;;!6'(<'$+&!9#/!9$6!/+!#56!;/=(&#! -'%./01'+&!9#'+!#'!9$6!$77=6'-!/;[email protected]+!!!! I#'!';;'7&6!/;!1=.&5%.'!-'%./01'+&6!/+!&#'!;$15.5'6!/;!6/.-5'(6!$('!$.6/!=+7.'$(>!)/1'! ('%/(&!&#$&!1=.&5%.'!-'%./01'+&6!$('!+/&!65<+5;57$+&.0!('.$&'-!&/!$-/.'67'+&!7#5.-('+B6!.'*'.6!/;! 6&('66!M?/+!^&#'(6!%/5+&!&/!7.'$(!'*5-'+7'!/;!'.'*$&'-!.'*'.6!/;! -'%('665/+!$+-!$+:5'&0!Mi'6&'(!'&!$.!QR2RN!$+-!($&'6!/;!$A=6'!$+-!+'<.'7&!ML5AA6!'&!$.!QRReN! $1/+!)/1'!6&=-5'6!%/5+&!/=&!&#'!#$(-6#5%6! /;!&#'!7=(('+&!15.5&$(0B6!5+7('$6'-!O/%'($&5/+$.!&'1%/P!$+-!9$(+!/;!51%'+-5+!I#'!';;'7&6!/;!1=.&5%.'!-'%./01'+&6!/+!1$((5$<'! $+-!-5*/(7'!$1/+!4+!QR2R8!&#'!/*'($..!15.5&$(0!-5*/(7'!($&'! .'*'.'-!/;;!$;&'(!(565+!G0!&#$&!6$1'!0'$(8!9'!@+/9! &#$&!1/('!$+-!1/('!$(10!;$15.5'6!#$-!':%'(5'+7'-!$&!.'$6&!/+'!-'%./01'+&!$+-!1$+0!#$-! ':%'(5'+7'-!('-'%./01'+&6!Mc/9'(6!QRR38!D(10!X$&5/+$.!L=$(-!c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

A#%,7+#6(B3#'5(

?#5.'!5&!56!('.$&5*'.0!($('!;/(!$!+$&5/+$.!<=$(-!;$15.0!&/!#$*'!':%'(5'+7'-!1/('!&#$+!/+'! /*'(6'$6!-'%./01'+&!5+!&#'!%$6&!&'+!0'$(68!$!6=A6'&!/;!+$&5/+$.!<=$(-!95*'6!9#/!%$(&575%$&'-!5+! 8!6&=-0!#$-!A''+!&#(/=<#!$&!.'$6&!/+'!('-'%./01'+&>U!I#/=<#!&#'0!$('!$!61$..!<(/=%!5+!&#'!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! U!I9'.*'!/;!&#'!&9'+&0H&#(''!+$&5/+$.!<=$(-!95*'6!9#/!%$(&575%$&'-!5+!8!6&=-0!#$-!#=6A$+-6!9#/!#$-!-'%./0'-! 1/('!&#$+!/+7'>!D&!3Qb8!8!56!$!#5<#'(!%(/%/(&5/+!&#$+!56!&0%57$.!;/(!+$&5/+$.!<=$(-!6/.-5'(68!2`b>!!I#'!('$6/+6! 9#0!6/1'!+$&5/+$.!<=$(-!95*'6!#$*'!':%'(5'+7'-!('-'%./01'+&!*$(0>!^+'!56!651%.0!&#$&!&#'!9$(!#$6!!I#56!9$6!&#'!7$6'!;/(!&#'!95*'6!/;!$!%$(&57=.$(!+$&5/+$.!<=$(-!Wg[gJD"!;(/1!9#57#!1$+0!%$(&575%$+&6! 9'('!('7(=5&'->!4&!56!$.6/!51%/(&$+&!&/!('1'1A'(!&#$&!1$+0!+$&5/+$.!<=$(-!=+5&6!9'('!&#'!;5(6&!&/!A'!-'%./0'-8! &#/=<#!+/&!/*'(6'$68!&/!%(/&'7&!$5(%/(&68!A(5-<'68!$+-!/&#'(!%/&'+&5$.!&$(<'&6!5+!&#'!-$06!511'-5$&'.0!;/../95+!K(/1!8!6&=-08!#/9'*'(8!5&!$%%'$('-!&#$&!1/6&!+$&5/+$.!<=$(-!#=6A$+-6!9#/!#$*'!-'%./0'-!1/('! &#$+!/+7'!#$*'!-/+'!6/!$6!!"#!$!#%&'(8!+/&!95&#!&#'5(!/(5<5+$.!%"!)8!$+-!6//+'(!&#$+!&#'!/;;575$.!-9'..!&51'!9/=.-! #$*'!$../9'->!g5&#'(!A'7$=6'!/;!&#'5(!%$(&57=.$([email protected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`!D6!/+'!+$&5/+$.!<=$(-!95;'!':%.$5+'-Y! ! ?#'+!#'!.';&!;/(!('-'%./01'+&8!#'!9$6!6'7/+-'-!k$!15.5&$(0!&'(1!1'$+5+!)/8! +/!/+'!$(/=+-!#'('!@+'9!#'!9$6!.'$*5+<>!I#'('!9'('!+/!'*'+&6!/(!$+0+!4&!9$6!+/+!! !

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! &($+6;'(('-!$+-!&#'+!('-'%./0'-!95&#!6/1'!/&#'(!<=$(-!=+5&>!^&#'(!+$&5/+$.!<=$(-!6/.-5'(68!;$75+! `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f!,'+$=-!QRR3N>!! ! "#$%&'(!)'*'+! ,'-'%./01'+&! 23S! 4!1'&!/+'!95;'!$&!$!;$('9'..!7'('1/+0!;/(!$+!$*5$&5/+!A(5<$-'8!&/!9#57#!#'(!#=6A$+-8!=6=$..0!$+! $(&5..'(0!/;;57'(8!#$-!A''+!$&&$7#'->!)#'!-(/*'!&#(''!#/=(6!&/!&#'!7'('1/+0!$+-!;'.&!5&!9$6! 9/(&#!5&!;/(!#'(!/9+!6'+6'!/;!%=(%/6'!A=&!$-15&&'-!&#$&!;'9!%'/%.'!5+!#'(!/9+!#/1'&/9+!#$-! $+0!5-'$!&#$&!#'(!#=6A$+-!9$6!-'%./0'->! ! g*'+!9#'+!+'5<#A/(68!7/H9/(@'(68!;'../9!7#=(7#H!I#'!('$6/+!;/(!8!.$7@!/;!6=%%/(&!56!7/+;=65/+>!W$+0!75*5.5$+6!-/!+/&! =+-'(6&$+-!&#'!%(/7'66!/;!&#'!X'9!,/&$&5/+$.!D(10>!^.-'(!;/.@68!1$+0!/;!9#/1!9'('! 65<+5;57$+&!6/=(7'6!/;!6=%%/(&!'$(.0!/+8!':%'7&!6/.-5'(6!&/!6&$0!5+!7/1A$&!;/(!&#'!-=($&5/+!$+-! -/!+/&!=+-'(6&$+-!9#0!$!<=$(-61$+!9/=.-!A'!('-'%./0'->!D6!/+'!+$&5/+$.!<=$(-!95;'! ':%.$5+'-Y! ! m56!<($+-;$&#'(!9$6!6/!%(/=-!/;!#51!9#'+!#'!-'%./0'-!&#'!;5(6&!&51'>!G=&!9#'+! 5&!7$1'!&/!('-'%./01'+&8!#'!7/=.-+B&!7/1%('#'+->!m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i5@'!9'B('!_=6&!5+!5&!;/(!&#'!1/+'0!$+-!&#'!A'+';5&6>!G=&!&#$&B6!#/9!4!1$+$<'! +/9>!4!=6'-!&/!+@!-5;;'('+&>! ! I#'6'!$('!&#'!@5+-!/;!7/+7'(+6!$+-!F='6&5/+68!Om/9!1=7#!./+<'(!$+-!;/(!9#/1!':$7&.0!1=6&!4! '+-=('C8P!&#$&!/A.5<$&5/+8!$6!$!7$&'!! ! ?#$&!+$&5/+$.!<=$(-!95*'6!'+7/=+&'(!;(/1!&#'5(!+'5<#A/(6!$&!('-'%./01'+&!$.6/!('*'$.6! &#'!&'+=/=6+'66!/;!&#'!7#$(561$&57!$6%'7&6!/;!15.5&$(0!6'(*57'!$+-!6$7(5;57'>!K(/1!&#'!'*5-'+7'! ! "#$%&'(!)'*'+! ,'-'%./01'+&! 23a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m'!#$6!$!6&'$-0!%$07#'7@>!?'!7/+656&'+&.0!<'&! A/+=6'6>!4!@+/9!9#$&!56!7/15+!4! @+/9!9'!$('!!G'7$=6'!4!#$*'! ;(5'+-6!&#$&!#$*'!+/!#'$.&#!5+6=($+7'!$+-!&#'5(!#=6A$+-6!#$*'!&#'5(!/9+! A=65+'66'6!$+-!$('!$A/=&!&/!;5.'!A$+@(=%&70>!4!$1n8!#$6!A''+!$!('$.!'0'! /%'+'(>!4!#$*'!+/&57'-!&#$&!4!-/+B&!7/1%.$5+!+'$(.0!$6!1=7#>!4!$1!&(05+!

)#'8!.5@'!/&#'(!95*'6!/;!('-'%./0'-!+$&5/+$.!<=$(-!6/.-5'(68!#$6!7/1'!&/!;/7=6!/+!O&#'!%'(@68P! +/&!A'7$=6'!6#'!56!$7F=565&5*'!/(!<(''-08!A=&!A'7$=6'!5+!&#'!$A6'+7'!/;!/&#'(!$*$5.$A.'!;($1'6! $+-!&#'!7.'$(!(/.'!/;!1$&'(5$.!;/(7'6!5+!%.$75+!D6!$+/&#'(! 95;'8!1$((5'-!&/!$!+$&5/+$.!<=$(-!;.5<#&!1'-57!9#/!9$6!5+!D;<#$+56&$+!$&!&#'!&51'8!':%.$5+'-Y!

4!$1!$.9$06!%(/=-!/;!9#$&!#'!-/'6>!)$*5+!G=&!9#'+!#'!9'+&!A$7@! 8!6'7/+-!&51'8!4!_=6&!@5+-!/;!7'+&'('-!/+!9#0!8!9$6!!I#'!%$08!&#'!#'$.&#!A'+';5&68!&#'!'-=7$&5/+$.!$6656&$+7'!&/!=6!$+-!&#'!@5-6>! I#$&!56!#'.%5+!!

! "#$%&'(!)'*'+! ,'-'%./01'+&! 2\R! ^&#'(!+$&5/+$.!<=$(-!95*'6!':%'(5'+75+!W$+0!/;!&#'5(!#=6A$+-6!('7'5*'-!7/..'<'!67#/.$(6#5%6!/(!':%'+65*'!&($5+5+!D6!8!95;'!':%.$5+6!&#'5(!/A.5<$&5/+!&/!'+-=('!$!6'7/+-!-'%./01'+&8!O4&B6!9#$&!9'B*'! !m'!/9'6!&#'1!&#(''!1/('!0'$(6!;/(!%5./&B6!&($5+5+<>!)/1'+P!! "/1%'..'-!5+&/!('-'%./01'+&!A0!&#'!'7/+/108!&#'6'!+$&5/+$.!<=$(-!95*'6!$.6/!6%'$@! 1/('!/;!&#'!15.5&$(0!6'(*57'!$6!$!_/AY!! ! K/(!+/98!$6!./+!4!+@!$A/=&!5&!1/('!$+-!1/('!$6!_=6&!$+/&#'(!_/A>!?#57#!56! @5+-!/;!9'5(-!9#'+!0/=!+@!$A/=&!9#$&!&#'!L=$(-!56!$+-!$..>!!

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g:&'+-'-!#'$.&#!A'+';5&6>!I51'!/;;!&/9$(-6!('&5('1'+&>! "/..'<'!./$+6!;/(!1'>!

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

4!;''.!.5@'!8!6'7/+-!-'%./01'+&!56!<5*5+!4!.5@'!<'&&5+!4!@5+-!/;!+@!&#'6'!-'%./01'+&6!$('!1$@5+!!

I#'!;/(7'6!&#$&!<5*'!(56'!&/!('-'%./01'+&6!;/(!+$&5/+$.!<=$(-!;$15.5'6!$('!$.6/!;$7&/(6!&#$&! 7/+&(5A=&'!&/!+@5+!4+!&#'!75*5.5$+!7/+&':&8!<=$(-!95*'6!;/7=6!/+! 6%'75;57!F=$+&5&5'6!/;!9#$&!&#'0!/9'!$+-!9#$&!56!/9'-!&/!&#'1!5+!('&=(+>!I#56!+@5+!!

4&,,.),#+)%.+%)5#%1.6.3.$+%1&+)#7)%"(-.+/%-#"#83&*,#+)%

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i5*5+!?#'+!6#'!56!%'(;/(15+!% ! 4&136#'(C'98(#+5(4&5&$6789&+%(

,'-'%./01'+&!56!1=7#!1/('!7/11/+!;/(!('<=.$(!$(10!95*'6!.5*5+!?#5.'!-56$<<('<$&'-!6&$&56&576!;/(!&#'!('<=.$(!D(10!$('!+/&!$*$5.$A.'8!5&!56!6$;'! &/!6&$&'!&#$&!$!#5<#'(!%'(7'+&$<'!/;!&#'6'!95*'6!#$*'!':%'(5'+7'-!6'7/+-8!(-8!$+-!'*'+! ;/=(&#!-'%./01'+&6>!4+!8!6&=-0B6!6$1%.'!&#$&!9$6!7'(&$5+.0!&#'!7$6'>![=(5+!,'$665<+1'+&!$+-!A(/@'+!%(/156'6!$('! 6/1'!/;!&#'!;$7&/(6!&#$&!7/+&(5A=&'!&/!8!%'(656&'+7'>!,'-'%./01'+&!5+!&#'!15.5&$(0!7/+&':&!

! "#$%&'(!)'*'+! ,'-'%./01'+&! 2\Q! $.6/!;=(&#'(!'1%#$65E'6!&#'!<(/95+!I#5+@5+!!

?#5.'!('<=.$(!$(10!95*'6!$('!&0%57$..0!511'(6'-!5+!$!7/+6&$+&!15.5&$(0!7/+&':&8!7#$+<'6! /;!-=&0!6&$&5/+6!/(!c")B6!1'$+!&#$&!&#'0!('./7$&'!'*'(0!&#(''!0'$(6!&/!$!+'9!15.5&$(0! 5+6&$..$&5/+>!G0!&#'!&51'!&#'0!':%'(5'+7'!('-'%./01'+&8!&#'0!$('!/;&'+!-/5+!,$&#'(!&#$+!7/++'7&5+!D6! 8!('<=.$(!$(10!95;'!9#/!6%'+&!$!6'7/+-!-'%./01'+&!$&!K/(&!T$7@6/+!$;&'(!1/*5+

I#'!6'7/+-!&51'!$(/=+-!4!-5-+B&!<'&!&//!5+*/.*'-!95&#!&#'!K,L!kK$15.0!,'$-5+'66! L(/=%l!.5@'!4!-5-!/*'(!&#'('!/(!#$+!4!_=6&!;'.&!.5@'!4!@+/9!4!7$+!-/!8!/+!10!/9+!$+-!6&=7@!&/!-/5+!!

I#'!5-'$!&#$&!/+'B6!7/115&1'+&!&/!/+'B6!#=6A$+-B6!6$;'&0!5+7.=-'6!#'.%5+!I#'!-$+<'(!6&5..!('1$5+68! A=&!('-'%./0'-!$+-!('./7$&'-!95*'6!-/!+/&!;/7=6!/+!5&>!^+'!':%.$+$&5/+!56!&#$&!c")B5+!I#'!./66!/;!&#/6'!('.$&5/+6#5%6!$('!%$(&!/;!&#'! $1A5<=/=6!$+-!%$(&5$.!./66'6!&#$&!$('!-5;;57=.&!&/!<(5'*'!5+!&#'!15.5&$(0!7/+&':&>!m$*5+!! W$+0!('<=.$(!$(10!95*'6!':%'(5'+7'-!('-'%./01'+&!$6!&#'!('6=.&!/;!$!A(/@'+!%(/156'! /+!&#'!%$(&!/;!&#'!D(10>!I#'5(!#=6A$+-6!('-'%./0'-!A';/('!&#'!/;;575$.!-9'..!&51'>!D6!8! ('<=.$(!$(10!95;'!':%.$5+'-Y! ! D&!&#'!&51'!9'!9'('!6=%%/6'-!&/!#$*'!$&!.'$6&!&9'.*'!1/+!A'&9''+! -'%./01'+&6>!m'!9$6!('-'%./0'-!95+!65:>!4!;'.&!.5@'!4!7/=.-+B&!&(=6&!&#'!D(10! $+01/('n>!4!9$6!! !

^(!&#'5(!#=6A$+-6!9'('!('-'%./0'-!;(/1!$!('$665<+1'+&!&#$&!&#'0!#$-!A''+!$66=('-!9$6!+/+H -'%./0$A.'>!D6!8!('<=.$(!$(10!95;'!':%.$5+'-Y!

?#'+!#'!!m'!$77'%&'-!8!$665<+1'+&!/*'(!k$+/&#'(!

! "#$%&'(!)'*'+! ,'-'%./01'+&! 2\U! ;/(&l!95&#!&#$&!=+-'(6&$+-5+!I#(''!1/+! $;&'(!9'!!

,'<=.$(!$(10!95*'6B!('$7&5/+!&/!&#'6'!A(/@'+!%(/156'6!56!&/!95&#-($9!;(/1!&#'!/%'+H '+-'-!';;/(&6!51%.5'-!5+!_=6&5;57$&5/+6!.5@'!7/115&1'+&!$+-!-=&0>!,$&#'(8!&#'0!;/7=6!/+!&#'! 6%'75;5$A.'!$+-!('75%(/7$.!$6%'7&6!/;!/A.5<$&5/+>!D6!8!('<=.$(!$(10!95;'!':%.$5+'-Y!

W$0A'!4!./6&!10!;$5&#!$!.5&&.'>!G=&!$;&'(!#'!('-'%./0'-!&957'!=+-'(!-9'..!&51'8!4! _=6&!6&$(&'-!&/!;/7=6!/+!&#'!+=1A'(6>!m/9!1$+0!1/('!1/+!A';/('!#'!<'&6! #/1'>!m/9!1$+0!1/('!$665<+1'+&6!A';/('!9'!7$+!<'&!&/!$!+/+H-'%./0$A.'!-=&0! 6&$&5/+>!m/9!1$+0!1/('!0'$(6!&/!('&5('1'+&>!!

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

?'..8!5;!#'B6!!c.=68!&#'!7/1A$&!%$0!$--'-!&/!&#'!;.5<#&!%$0!$+-!&#'! /&#'(!A/+=6'68!9'!#$*'!A''+!1$@5+!m51!A'5+!

I#=68!1$+0!95*'68!$77'%&!&#'!#$(-6#5%6!/;!('-'%./01'+&!$6!$!;=.;5..1'+&!/;!$!9/(@%.$7'! /A.5<$&5/+>!4+!-'67(5A5+

4!_=6&!6''!5&!$6!#56!_/A!$+-!8!56!9#$&!#'!#$6!!T=6&!.5@'!$+0!/&#'(!_/A>!4! &(0!&/!+/&!.'&!5&!1'$+!$+0+!4&B6!_=6&!$!_/A>!L'&!/*'(!5&>!!

^+'!('$6/+!95*'6!&=(+!&/!&#'!+$((/9'(!&'(16!/;!9/(@%.$7'!/A.5<$&5/+6!56!&#$&!&#'! -'%./01'+&6!$+-!('-'%./01'+&6!7('$&'!$!7=1=.$&5*'!$+-!'*'+&=$..0!/*'(9#'.15+!)#5;&5+!^+! &#'!/&#'(!#$+-8!1=.&5%.'!':%'(5'+7'6!/;!-'%./01'+&!95&#/=&!&#'5(!#=6A$+-6!-05+

! "#$%&'(!)'*'+! ,'-'%./01'+&! 2\`! 95*'6!&#$&!15.5&$(0!6'(*57'!('$..0!56!$!_/A!.5@'!$+0!/&#'(!_/A>!D6!/+'!95;'!('.$&'-!8!6&/(0!$A/=&! 51%(/*'-!7/+-5&5/+6!5+!4($FY!

D!;(5'+-!/;!k#'(!#=6A$+-B6l!_=6&!('&=(+'-!;(/1!&#'!A$6'!9#'('!#'!9$6!6&$&5/+'-! -=(5+!)#'!6$5-!&#$&!&#'!<=06!&#'('!+/9!9'('8!.5@'8! '*'(0+!)/!P!I#'0!$('!$;($5-!&#'!D(10!15<#&!&$@'!$9$0!&#'5(!7/1A$&!%$0!$+-!1$@'! 4($F!$!('<=.$(!-=&0!6&$&5/+!.5@'!V/('$!/(!L'(1$+0>!!

I#56!6%'$@6!$<$5+!&/!&#'!&'+=/=6!+$&=('!/;!&#'!7#$(561$!6=((/=+-5+! ?#'+!&#'!9$(!56!9/+8!%'$7'!95..!'*'+&=$..0!;/../9>!g*'+!5+!$+!O'($!/;!%'(656&'+&!7/+;.57&P!M"$6'0! QRRSN8!&#'!5+5&5$.!5+&'+65&0!/;!9$(!<5*'6!9$0!&/!$!.'66!7/1%'..5+<8!&#/=<#!+/!.'66!-'1$+-5+<8! (/=&5+'!/;!-($9+H/=&8!%'(656&'+&!';;/(&>!!![=&0!$+-!7/115&1'+&8!$6!9$06!/;!+@5+!g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km'(! #=6A$+-l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o!75*5.5$+!-5*5-'!7$+!A'!-5;;57=.&>!"/11$+-'(6!$('! $77=6&/1'-!&/!#5'($(7#57$.!$+-!$=&#/(5&$(5$+!9$06!/;!':%('665+!I#'0!$('!$.6/8!#/9'*'(8!$9$('!$+-8!&/!$!-'<(''8!%(/&'7&5*'!/;!&#'! ;$7&!&#$&!$(10!95*'6!$('!+/&!6/.-5'(6>!I#56!7$+!.'$-!&/!A/&#!7/+;=65/+!$6!9'..!$6!$!<('$&'(! '1%#$656!/+!&#'!%$(&!/;!('<=.$(!$(10!95*'6!/+!7.'$(.0!6&$&'-!':%'7&$&5/+6!$+-!/A.5<$&5/+6>!D6! /+'!95;'!':%.$5+'-Y! ! I#'0!k#'(!#=6A$+-!$+-!#56!7/11$+-'(6l!$('!$..!=6'-!&/!<5*5+! G=&!9#'+!5&!7/1'6!&/!1'8!&#'0B('!.5@'!Op/=B('!$!75*5.5$+8!1$B$1>!?'!7/=.-!+'*'(! &'..!0/=!9#$&!&/!-/>P!D+-!0'&!&#'0!@+/9!':$7&.0!9#$&!&#'0!9$+&!$+-!':%'7&!1'! &/!-/!A=&!-/+B&!'*'(!&'..!1'>!4&B6!.5@'!&#'('B6!+/!15--.'!<(/=+-!;/(!&#'1d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m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m'!9$6!!g*'+&=$..08!5&!A'7$1'!$!;=..H&51'! +!! ! I#'!/%%/(&=+5&5'6!;/(!'1%./01'+&!$(/=+-!$!15.5&$(0!A$6'!-=(5+!)/1'!7#/6'!&/!#/1'!67#//.!&#'5(!7#5.-('+8!/&#'(6!6&$(&'-! #/1'HA$6'-!A=65+'66'68!.5@'!1$@5+! D6!-=(5+!I#56!56!6=(%(565+!I#'!':%'7&$&5/+!&#$&!! -=(5+!I#'('!56!+/!('$6/+!&/!A'.5'*'!&#$&!6/1'!+'9! ;$7&/(6!&#$&!9'('!+/&!$7&5*'!-=(5+!4&!56!51%/(&$+&!&/!('7$..!&#$&!('<=.$(!$(10!95*'6!$('! ;$15.5$(!95&#!&#'!&'(16!$66/75$&'-!95&#!-=&0!$+-!1$+0!6%/@'!/;!;5+-5+! ! !7+;63.,7+(

I#(/=<#!6=A6'F='+&!('-'%./01'+&68!&#'!+@5+P!I#56!56!&#'!7$&'!?#$&!56!5+&'('6&5+!4+!&'(16! /;!&#'!15.5&$(08!W/6@/6!9$6!7/+7'(+'-!&#$&!*$.='6!$66/75$&'-!95&#!$+!/77=%$&5/+$.!$(108! (';.'7&'-!#'('!5+!&#'!7$&'!m'! 9/((5'-!&#$&!9$06!/;!+@5+!^*'(!&#'!707.'!/;!%('-'%./01'+&8!

! "#$%&'(!)'*'+! ,'-'%./01'+&! 2\e! -'%./01'+&8!('=+5/+8!$+-!('-'%./01'+&8!&#'!/%%/65&'!('.$&5/+6#5%!#$6!'1'(<'->!,'<=.$(!$(10! 95*'6!#$*'!6#5;&'-!5+!&#'5(!+@5+!X$&5/+$.!<=$(-!95*'6!#$*'!6#5;&'-! ;(/1!+@5+!I#=68!*$(5/=6!;$7&/(6!/77=((5+!!( ! c/.570!$+$.06&6!#$*'!A''+!7/+7'(+'-!&#$&!&#'!*$.='6!$66/75$&'-!95&#!5+-5*5-=$.5E'-! 1$((5$<'!95..!;$5.!7/=%.'6!9#'+!&#'0!'+7/=+&'(!6&('66!$+-!('6=.&!5+!'*'+!1/('!;$5.'-!1$((5$<'6! ML'(6/+!QR2RY2RN>!![=&0!$+-!7/115&1'+&8!6/1'!;'$('-!Mc/%'+/'!2aa\N8!9'('!15665+!)=(%(565+<.08! &#'!/%%/65&'!6''16!&(='!5+!8!5+6&$+7'>!D6!15.5&$(0!7/=%.'6!$-$%&!$+-!-'*'./%!&#'!('65.5'+70! +'7'66$(0!&/!7/+&5+='!&#(/=<#!-'%./01'+&!$;&'(!-'%./01'+&8!95*'6!7/1'!&/!+@!1/('!$+-! 1/('!5+!&'(16!/;!/A.5<$&5/+!$+-!5+-5*5-=$.5E'-!1$((5$<'>!!

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`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a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b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b!V@$>*-+!#*@!.,@?$&L ('$69W!b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c-/*>'!60(*-+! %('L6'%/,9@'-&!,(!6'%/,9@'-&!%'(*,61D!-$&*,-$/!+0$(6!7*:'1!7#,1'!#01?$-61!#$:'! ('6'%/,9'6!6,!-,&!('.'*:'!&#'!1$@'!>*-6!,8!10%%,(&!$-6!('.,+-*&*,-!8(,@!.*:*/*$-1!&#$&!&#'9! ! "#$%&'(!)*+#&! ",-./01*,-! 2UN! ('.'*:'6!'$(/*'(D!7#*.#!@$6'!&#'@!8''/!%(,06!$-6!'-.,0($+'6!&#'@!&,!&#*->!*-!&'(@1!,8!60&9A! \'6'%/,9'6!-$&*,-$/!+0$(6!1,/6*'(1!$('!,8&'-!('$11*+-'6!&,!$!6*88'('-&!0-*&!-,&!-'$(!&#'*(!#,@'! .,@@0-*&*'1A!I66*&*,-$//9D!@$-9!.*:*/*$-1!$('!.,-801'6!?9!&#'!(,&$&*,-$/!-$&0('!,8! .,-&'@%,($(9!8,(.'!6'%/,9@'-&A!J*&#,0&!&#*1!.*:*/*$-!.,-8*(@$&*,-!,8!80/8*//*-+!$!60&9!&,!$! /$(+'(!.$01'!$-6!.,@@0-*&9D!-$&*,-$/!+0$(6!7*:'1!.,@'!&,!&#*->!@,('!$-6!@,('!*-!&'(@1!,8! ,?/*+$&*,-!60(*-+!('6'%/,9@'-&1A!5-'!8$.&,(!*-8/0'-.*-+!&#*1!1#*8&!*1!&#'!6'%('11'6!.*:*/*$-! '.,-,@9!&#$&!&($-18,(@1!1'(:*.'!7*&#!&#'!+0$(6!*-&,!$!80//L&*@'!,..0%$&*,-A!`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e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d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f$(-'9!g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h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b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eD!F$#(!g!F$#(!NOO2SD! 1$.(*8*.'D!&#'!10?,(6*-$&*,-!,8!*-6*:*60$/!*-&'('1&1!&,!$!.,//'.&*:'!+,,6D!*1!1&*//!$&!/'$1&!$!8($@'!8,(! &#*->*-+!$?,0&!?'#$:*,(D!*8!-,&!$!%'(1*1&'-&!%($.&*.'!*-!*&1'/8D!$@,-+!1,@'!.,-&'@%,($(9! ! "#$%&'(!)*+#&! ",-./01*,-! 2Ue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`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i! .#$($.&'(!@*+#&!#$:'!?''-!@*1%/$.'6A!G#'!$..,0-&1!#'('!*-6*.$&'!&#$&!&#'!I(@9!#$1!-,&! ?'.,@'!&,,!@0.#!/*>'!&#'!.*:*/*$-!7,(/6D!?0&!&#$&!*&!#$1!?'.,@'!&,,!6*1&$-.'6!8(,@!I@'(*.$-! .*&*H'-1A!;8!5-49!$1!$-!*-1&*&0&*,-$/!:$/0'!8$*/'6!&,!&$>'!#,/6!*-!&#'!&#*->*-+!,8!('+0/$(!$(@9!7*:'1D! *&!7$1!-,&!?'.$01'!&#'9!7'('!*-*&*$/!$6#'('-&1!,8!1''*-+!&#'!I(@9!*-!&'(@1!,8!&#'!.,-.'%&!,8! '0123#42'$!,(!$1!VX01&!$-,&#'(!X,?AW!c-/*>'!&#'*(!-$&*,-$/!+0$(6!.,0-&'(%$(&1D!('+0/$(!$(@9!7*:'1! 7'('!/$(+'/9!*1,/$&'6!8(,@!.,-&$.&!7*&#!.*:*/*$-1A!G#'*(!'@?($.'!,8!'0123#42'$!*1!@,('!,8!$!('10/&! ,8!6'.*1*,-1!$?,0&!('/,.$&*-+!$-6!&#'!./,1*-+!,8!?$1'1!&#$-!$?,0&!&#'!*-&'(-$/!,(+$-*H$&*,-!,8! &#'!I(@9D!$1!'*&#'(!$-!*-1&*&0&*,-!,(!$-!,..0%$&*,-A!! 5-'!/'$6*-+!X01&*8*.$&*,-!8,(!('@,:*-+!*-1&$//$&*,-1!8(,@!@'&(,%,/*&$-!$('$1!$&!&#'!'-6! ,8!&#'!NO&#!"'-&0(9!7$1!&#'!1,(&!,8!.,1&L'88*.*'-.9!$-6!($&*,-$/*H$&*,-!&#$&!Q,1>,1!1''1!$1! 6(*:*-+!&#'!-'7!,..0%$&*,-$/!I(@9A2!5&#'(1D!#,7':'(D!#$:'!$(+0'6!&#$&!.,-.'-&($&*-+!&#'!?0/>! ,8!@*/*&$(9!8,(.'1!&,!*1,/$&'6!(0($/!,(!':'-!8,('*+-!?$1'1!7$1!%,/*&*.$//9!@,&*:$&'6!'*&#'(!$1!$! 7$9!&,!%0-*1#!$-&*L@*/*&$(9!.,-1&*&0'-.*'1!MQ''>'(!NO2OS!,(!&,!.,(6,-!,88!1,/6*'(1!8(,@!&#'!>*-6! ,8!.(*&*.$/!%0?/*.!1'-&*@'-&!6'@,-1&($&'6!?9!.*:*/*$-1!60(*-+!&#'!j*'&-$@!.,-8/*.&AN!G#,0+#! ('@,&'!$-6!.,1&!'88'.&*:'D!&#'!':*6'-.'!%(,:*6'6!#'('!$?,0&!&#'!'88'.&1!,8!10.#!@*/*&$(9! .,-&'K&1!10++'1&1!&#$&!&#'1'!*-1&$//$&*,-1!*-!&#'*(!*1,/$&*,-!8(,@!.*:*/*$-1!$('!-,&!&,!?'!$?/'!&,! $88,(6!1,/6*'(1!$-6!&#'*(!8$@*/*'1!$!101&$*-'6!1'-1'!,8!80/8*//'6!60&9A! ! 7*3#4$/45$7/0$ $ G#'!$..,0-&1!#'('!6'@,-1&($&'!&#$&!-,&!$//!7,@'-!$('!80-6$@'-&$//9!,%%,1'6!&,!7$(!$1!1,@'! 1.#,/$(1!./$*@!M\066*.>!244iSA!],(!$('!&#,1'!7#,!10%%,(&!&#'*(!1,/6*'(!#01?$-61!-'.'11$(*/9! 60%'1!,8!$!8$/1'!.,-1.*,01-'11!*@%,1'6!0%,-!&#'@!?9!&#'!8,(.'1!,8!%$&(*$(.#9!$-6!@*/*&$(*1@! M)-/,'!24PdD!J'*-1&'*-!g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

N;-&'('1&*-+/9D!%0?/*.!,%*-*,-!$+$*-1&!&#'!.0(('-&!7$(!7$1!#*+#'(!1,,-'(!&#$-!*&!7$1!$+$*-1&!&#'!7$(!*-!j*'&-$@! M]'7%,(&!$-6!"$((,//!NOOiSh!9'&D!&#*1!7*6'1%('$6!,%%,1*&*,-!&,!&#'!.0(('-&!7$(1!#$1!-,&!1''@'6!&,!#$:'!-'+$&*:'/9! $88'.&'6!&#,1'!7*:'1D!%$(&*.0/$(/9!-$&*,-$/!+0$(6!7*:'1D!!*-!./,1'1&!.,-&$.&!7*&#!.*:*/*$-!%,%0/$&*,-1A! ! "#$%&'(!)*+#&! ",-./01*,-! 2U3! ! ! !

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`7,V5'1%2($,K%00J2"K(>"%27, , /'0+,O>JC+,_J"C57,899a7,:B*52,>*5,B5(',b1"Kc,%I,N*5,/'0+,d2"I%'0,"1,]5eJ"'5C7L, *>>)FQQEEE7('0+1>JC+&J"C57K%0QK%2>52>QV'5)f;%'f!(1"KfN'("2"2&QV'5)fI%'f#(1"KfJ2"I%'01Q E*52?>*5?E5('?%I?>*5?('0+71*>0$,[$(1>,(KK5115C,89--Q-9Q-R\7, , /11%K"(>5C,V'5117,ZQ8WQ899g7,:O%$C"5'1,"2,h'(e,1>"$$,#J+"2&,>*5"',%E2,#%C+,('0%'7L,!"#$%&'()7, *>>)FQQEEE7J1(>%C(+7K%0Q25E1QE%'$CQ"'(eQ899g?9Z?8W?#%C+?('0%'fG7*>0,[$(1>,K">5C, ZQ8.Q89-8\7, , !(*',i,!(*'7,899-7,:;(0"$"51,(2C,O5$I?O(K'"I"K5F,/$>5'2(>"P5,6%C5$1,(2C,65(2"2&1,I%',;(0"$+, N*5%'+7L,O%K"($,;%'K517,.R,bgcF,-8Z-?-8a`7, , !('2513,MJ$"(2,=7,(2C,/C(0,=2>%J17,89-8QZQ-R7,:/>>(KU,VJ>1,;%KJ1,%2,6J$>")$5,H5)$%+052>17L, *(++$",-..,$/&0-1(+7, *>>)FQQ%2$"257E1j7K%0Q('>"K$5QO!-999-g8g9a8.98Z9Z`-8R9ga..8R-Ra-88RRWWRag7*>0$k('>"K$ 5N(#1lZH('>"K$5,b$(1>,(KK5115C,89-8QgQ8gc7, , !(>("$$53,_5%'&517,-R`R7,N*5%'+,%I,]5$"&"%27,S5E,T%'UF,m%25,!%%U17, , !5KU5'3,D%E('C,(2C,]5J#52,D"$$,b5C1c7,-Rg`7,;(0"$+3,6(''"(&53,(2C,V('52>*%%C7,!%1>%2F,H7,47, D5(>*7, , !5$$(*3,]%#5'>7,-RW.7,:4"P"$,]5$"&"%2,"2,/05'"K(7L,H(5C($J17,RWb-cF-?8-7, , !5$$(*3,]%#5'>,S73,]"K*('C,6(C1523,B"$$"(0,67,OJ$$"P(23,/22,OE"C$5'3,(2C,O>5P52,67,N")>%27, -R`a7,D(#">1,%I,>*5,D5('>F,h2C"P"CJ($"10,(2C,4%00">052>,"2,/05'"K(2,n"I57,S5E,T%'UF,D(')5', (2C,]%E7,, ,

!"#$"%&'()*+, , -.., !5'&5'3,H(2"5$$57,89--7,:4%225K>"2&,(,S5E,_525'(>"%2,%I,0"$">('+,E"C%E17L, *>>)FQQEEE7K227K%0Q89--QdOQ9aQ8WQK22*5'%517C(P"170"$">('+7E"C%E1Q"2C5G7*>0$,[$(1>, (KK5115C,MJ$+,-83,89--\7, , !$(J3,V5>5'7,-R..7,:/,6(K'%1%K"%$%&"K($,N*5%'+,%I,O%K"($,O>'JK>J'57L,/05'"K(2,M%J'2($,%I, O%K"%$%&+7,`ZF-7, , !$%K*3,6(J'"K5,(2C,M%2(>*(2,V(''+7,-R`87,H5(>*,(2C,>*5,]5&525'(>"%2,%I,n"I57,S5E,T%'UF, 4(0#'"C&5,d2"P5'1">+,V'5117, , !%$>(21U"3,nJK,(2C,n(J'52>,N*oP52%>7,-RRR7,:N*5,O%K"%$%&+,%I,4'">"K($,4()(K">+7L,=J'%)5(2, M%J'2($,%I,O%K"($,N*5%'+7,8bZcF,ZaR?Z..7, , !%2C+3,D(''+7,899g7,:V%1>0%C5'2"10,(2C,>*5,O%J'K5,%I,6"$">('+,O>'52&>*,"2,>*5,/2&$%,B51>7L, /'05C,;%'K51,i,O%K"5>+7,Z-FZ7, , !%113,V(J$"257,-RRR7,/0#"&J%J1,n%11F,n5('2"2&,>%,$"P5,E">*,J2'51%$P5C,&'"5I7,4(0#'"C&5F, D('P('C,d2"P5'1">+,V'5117,, , !%11('C3,M(051,D7,O7,-Rg`7,:B*(>,B(',"1,O>"$$,H%"2&,>%,>*5,;(0"$+3L,"2,!5KU5'3,D%E('C,(2C, ]5J#52,D"$$,b5C1c7,;(0"$+3,6(''"(&53,(2C,V('52>*%%C7,!%1>%2F,H7,47,D5(>*7, ,,, !%J'C"5J3,V"5''57,89997,V(1K($"(2,65C">(>"%217,O>(2I%'CF,O>(2I%'C,d2"P5'1">+,V'5117, , !%E0(23,N%07,89--3,@K>%#5',a7,:_(),_'%E1,!5>E552,6"$">('+3,4"P"$"(21,@2,B('7L,S(>"%2($, VJ#$"K,](C"%7,*>>)FQQEEE72)'7%'&Q89--Q-9Q9aQ-g-9`gZa`Q&()?&'%E1?#5>E552?0"$">('+? K"P"$"(21?%2?E(',[$(1>,(KK5115C,89--Q-9Q-R\7, , !%E0(23,N%07,89--3,MJ$+,W7,:/,N5(K*5',n5(P51,>*5,4$(11'%%0,I%',/I&*(2"1>(27L,S(>"%2($,VJ#$"K, ](C"%7,*>>)FQQEEE72)'7%'&Q89--Q9.Q9WQ-Z.g`9.aZQ(?>5(K*5'?$5(P51?>*5?K$(11'%%0?I%'? (I&*(2"1>(2,[$(1>,(KK5115C,89--Q-9Q-R\7, , !%E0(23,N%07,89-8QgQ8g7,:d7O7,6"$">('+,B(&51,!(>>$5,/&("21>,6"1K%2CJK>7L,S(>"%2($,VJ#$"K, ](C"%7,*>>)FQQEEE72)'7%'&Q89-8Q9gQ8gQ-a-8--a9-QJ?1?0"$">('+?E(&51?#(>>$5?(&("21>? 0"1K%2CJK>,b$(1>,(KK5115C,89-8QgQ8gc7, , !5'2>%23,D($7,899.Q.Q8W7,:h2,)%$"K+,1E">K*3,;%'>,n5E"1,@p1,E55U$+,050%'"($,'">517L,%2.$".(,,+.$ %34.57,*>>)FQQ15(>>$5>"05172E1%J'K57K%0Q*>0$Q$%K($25E1Q899Z`9WZWZfI%'>$5E"18W07*>0$,[$(1>, (KK5115C,89-8QaQa\, , !'%E23,M5II7,-RWg7,;$(>,O>(2$5+7,!%1>%2F,D(')5',4%$$"217,, ,

!"#$"%&'()*+, , -.`, !'%E23,M5II'5+7,89-8QZQ-RQ,:B5'5,6J$>")$5,H5)$%+052>1,(,;(K>%',"2,/I&*(2,p"$$"2&1L,V!O, S5E1*%J'7,*>>)FQQEEE7)#17%'&Q25E1*%J'Q##Q0"$">('+Qj(2?jJ25-8Q(KKJ15C8f9Z?-R7*>0$,b$(1>, (KK5115C,89-8QgQ8gc7, , !J'5(J,%I,n(#%',O>(>"1>"K17,89--7,:S(>"%2($,4521J1,%I,;(>($,@KKJ)(>"%2($,h2jJ'"51,"2,89-9, bV'5$"0"2('+,]51J$>1c7L,,*>>)FQQEEE7#$17&%PQ25E17'5$5(15Q)CIQKI%"7)CI, , !J'&5113,='251>,B7,(2C,D('P5+,M7,n%KU57,-RaZ7,N*5,;(0"$+F,I'%0,"21>">J>"%2,>%,K%0)(2"%21*")7, O(2,;'(2K"1K%F,/05'"K(2,!%%U,4%0)(2+7, , !J1*(>q3,/0+7,89-97,:N'%%),H"P%'K5,](>51,n5P5$,"2,89-97L, *>>)FQQEEE70"$">('+7K%0Q25E1Q('>"K$5Q>'%%)?C"P%'K5?'(>51?$5P5$?"2?89-97*>0$,[$(1>,(KK5115C, 89-8QgQR\7, , 4(15+3,_5%'&53,_525'($7,899`7,:/05'"K(A1,/'0+,"2,(2,='(,%I,V5'1"1>52>,4%2I$"K>7L,/'0+, 6(&(q"257, *>>)FQQEEE7(J1(7%'&Q)J#$"K(>"%21Q('0+0(&(q"25Q('K*"P5Q899`Q-9QH%KJ052>1Q4(15+f-99`7) CI,[$(1>,(KK5115CC,89-8QgQR\7, , 4*(2C'(3,/2">(,5>,($7,899`7,:d2C5'1>(2C"2&,>*5,h0)(K>,%I,H5)$%+052>,%2,4*"$C'52,(2C, ;(0"$"517L,452>5',I%',6"$">('+,D5($>*,V%$"K+,]515('K*7,O(2>(,6%2"K(F,](2C7, *>>)FQQEEE7'(2C7%'&QK%2>52>QC(0Q'(2CQ)J#1QE%'U"2&f)()5'1Q899`Q]/SHfB]aWW7)CI,b$(1>, (KK5115C,gQ-9Q89-8c7, , 4*5'$"23,/2C'5E,M7,899g7,:N*5,H5"21>">J>"%2($"q(>"%2,%I,/05'"K(2,6(''"(&57L,M%J'2($,%I,6(''"(&5, (2C,;(0"$+7,WWF`g`?`W-7, , 4*5'$"23,/2C'5E,M7,899R7,N*5,6(''"(&5?_%?/'%J2CF,>*5,O>(>5,%I,6(''"(&5,(2C,>*5,;(0"$+,"2,>*5, d2">5C,O>(>51,N%C(+7,S5E,T%'UF,p2%)I7, , 4$(C"13,6('U7,899`,:OJII5'"2&,>%,!5K%05,DJ0(2L,"2,V"KU5'"2&,(2C,]%1(>",5C17,OJII5'"2&,(2C,=P"$F, N*5,HJ'U*5"0"(2,n5&(K+7,!5'&*(*2,!%%U1F,S5E,T%'U7,, , 4%0I%'>3,65&(27,899`7,H%"2&,N"05,N%&5>*5'F,n%P5,(2C,I(0"$+,"2,>*5,1*(C%E,%I,>*5,)'"1%27, d2"P5'1">+,%I,4*"K(&%,V'511F,4*"K(&%7, , 4%2&'511"%2($,]515('K*,O5'P"K5,]5)%'>,I%',4%2&'5117,899`7,:S(>"%2($,_J('C,V5'1%225$,(2C, H5)$%+052>1F,;(K>,O*55>7L,*>>)FQQEEE7I(17%'&Q1&)QK'1Q2(>15KQ]O88ga-7)CI,[$(1>,(KK5115C, 89--Q-9Q-R\7, , 4%15'3,n5E"1,/7,-R.g7,_'55C+,h21>">J>"%217,S5E,T%'UF,N*5,;'55,V'5117, ,

!"#$"%&'()*+, , -.R, 4'%E$5+3,p5P"2,M7,-RR`7,h2>5&'(>"2&,>*5,@25,/'0+,4%2K5)>7,4('$"1$5,!(''(KU13,V/F,/'0+,B(', 4%$$5&57, , H($5+3,M7,_7,-RRR7,O%K"($,B%'U,V'(K>"K51,"2,>*5,6"$">('+7,!"2&*(0>%2F,N*5,D(E%'>*,V'5117, , H('E"23,M("25,n7,899W7,:]5(K*"2&,@J>,>%,>*5,;(0"$"51,%I,N*%15,E*%,O5'P5F,>*5,O@;/],V'%j5K>7L, V'%I511"%2($,V1+K*%$%&+F,]515('K*,(2C,V'(K>"K57,Z.,bacF,g`-?g7, , H(P"13,/'K*"5,n7,M'3,4%00(2C,O&>7,6(j7,89-93,MJ$+,887,:D%E,b(2C,E*+c,E5,1>('>3,52C,%J',C(+7L, ;%'>,D%%C,O52>"25$7,, , H5I5215,(2C,r5>5'(21,!'("2,h2jJ'+,452>5'7,89-9,*>>)FQQEEE7*5($>*70"$Qn"#'('"51QN!h? N%>($1QC%C?>#"?>%>($?15'P"K5?J)C(>5C?--98-.7j)&,[$(1>,(KK5115C,MJ$+,-83,89--\7, , H5I5215,6(2)%E5',H(>(,452>5'7,89-97,:d7O7,/K>"P5,HJ>+,6"$">('+,H5(>*1,s,-R`9,>*'%J&*,89-9L, b(1,%I,H5K50#5',8.3,89-9c7, , H5)('>052>,%I,H5I5215,b(J>*%',J2U2%E2c7,899R7,:H50%&'()*"K1,899RF,V'%I"$5,%I,>*5,6"$">('+, 4%00J2">+7L,B(1*"2&>%23,H747F,@II"K5,%I,>*5,H5)J>+,d2C5',O5K'5>('+,%I,H5I52157, , H5)('>052>,%I,H5I5215,b(J>*%',J2U2%E2c7,89-87,:6"$">('+,;(0"$+,OJ))%'>7L, *>>)FQQEEE7C5I52157&%PQ*%05QI5(>J'51Q89-8Q98-8fI(0"$+1J))%'>Q,b$(1>,(KK5115C,89-8QgQ8Rc7, , H510%2C3,6(>>*5E7,899.7,@2,>*5,;"'5$"25F,$"P"2&,(2C,C+"2&,E">*,E"$C$(2C,I"'5I"&*>5'17,4*"K(&%F, d2"P5'1">+,%I,4*"K(&%,V'5117, , HJKUE%'>*3,H(''5$$3,n>7,4%$7,899R7,:/II5K>1,[1"K\,%I,6J$>")$5,H5)$%+052>1,%2,;(0"$"517L,O>'(>5&+, ]515('K*,V'%j5K>7,d7O7,/'0+,B(',4%$$5&5F,4('$"1$5,!(''(KU13,V/7, HJ'U*5"03,=0"$57,-R`g7,N*5,H"P"1"%2,%I,n(#%',"2,O%K"5>+7,S5E,T%'UF,;'55,V'5117, , HJ'U*5"03,=0"$57,899-7,=$5052>('+,;%'01,%I,]5$"&"%J1,n"I57,S5E,T%'UF,@GI%'C,d2"P5'1">+,V'5117, , HP%'(U3,V5>J$(7,89-8Q-Qa7,:S(>"%2($,_J('C,C5)$%+052>,152C%II,#5K%051,(2,%$C,(2C,50%>"%2($, '">J($7L,N*5,B(1*"2&>%2,V%1>7,*>>)FQQEEE7E(1*"2&>%2)%1>7K%0Q$%K($Q2(>"%2($?&J('C? C5)$%+052>?152C%II?#5K%051?(2?%$C?(2C?50%>"%2($?'">J($Q89-8Q9-Q9aQ&ht/;"q5CVf1>%'+7*>0$, b$(1>,(KK5115C,89-8QgQ8ac7, , =$"(13,S%'#5'>7,-RRg7,N*5,4"P"$"q"2&,V'%K511F,1%K"%&525>"K,(2C,)1+K*%&525>"K,"2P51>"&(>"%217, 6($C52F,!$(KUE5$$7, , =)1"2&?/2C5'1%23,_%1>(7,899-7,:O%K"($,;%J2C(>"%21,%I,V%1>?h2CJ1>'"($,=K%2%0"51L,"2,_'J1U+3, O%K"($,O>'(>"I"K(>"%27,!%J$C5'F,B51>P"5E,V'5117, , !"#$"%&'()*+, , -`9, =2$%53,4+2>*"(7,-R`Z7,H%51,p*(U",!5K%05,T%Ju,!%1>%2F,O%J>*,=2C,V'5117, , =GJ03,D7,=7,(2C,M7,=7,4%$$7,899`7,/,4"P"$"(2,4%J215$%'A1,V'"05',I%',4%J215$"2&,r5>5'(217,H55', V('U3,STF,n"2J1,VJ#$"K(>"%213,h2K7, , ;"5$C13,n51$"5,n5+$(2C7,899-7,@J>,%2,>*5,H55),!$J5F,B%0523,6523,(2C,>*5,@K5(21,N*5+,;"1*7, S5E,T%'UF,O>7,6('>"2A1,V'5117,, , ;"1K*5'3,4$(JC57,89-97,6(C5,"2,/05'"K(F,(,1%K"($,*"1>%'+,%I,/05'"K(2,KJ$>J'5,(2C,K*('(K>5'7, 4*"K(&%F,d2"P5'1">+,%I,4*"K(&%,V'5117, , ;%JK(J$>3,6"K*5$7,-RR97,D"1>%'+,%I,O5GJ($">+3,r%$J05,hF,/2,h2>'%CJK>"%27,S5E,T%'UF,r"2>(&5, !%%U17, , ;%JK(J$>3,6"K*5$7,-RRa7,H"1K")$"25,i,VJ2"1*F,N*5,!"'>*,%I,>*5,V'"1%27,S5E,T%'UF,r"2>(&57,, , ;'5JC3,O"&0J2C7,-R-a7,:N*%J&*>1,I%',>*5,N"051,%2,B(',(2C,H5(>*7L,O>(2C('C,=C">"%2,%I,>*5, 4%$$5K>5C,B%'U1,%I,O"&0J2C,;'5JC7,n%2C%2F,D%&('>*,V'5117, , ;'5JC3,O"&0J2C7,-RaR,b-R8-c7,_'%J),V1+K*%$%&+,(2C,>*5,/2($+1"1,%I,>*5,=&%7,S5E,T%'UF,S%'>%27,, , ;'5JC3,O"&0J2C7,899a7,4"P"$"q(>"%2,(2C,h>1,H"1K%2>52>17,S5E,T%'UF,S%'>%27, , ;'"2KJ?6($$(13,4'"2(7,89-97,:6J$>")$5,H5)$%+052>1,"2,O%$C"5'1,n"2U5C,>%,h2K'5(15C,]"1U,%I,VNOH7L, 65C1K()5,65C"K($,S5E17,*>>)FQQEEE705C1K()57K%0QP"5E('>"K$5Q.-`Za`,b$(1>,(KK5115C, 89-8QgQ8gc7, _($3,]5JP7,-R``7,:h1'(5$7L,h2,N*5,6"$">('+F,6%'5,>*(2,jJ1>,(,j%#u,=C">5C,#+,6%1U%1,i,B%%C7, B(1*"2&>%2F,!5'&(0%2?!'(115+7, , _(0%'(23,/C(07,-RR97,:4"P"$,]5$"&"%2,"2,/05'"K(2,OK*%%$17L,O%K"%$%&+,%I,]5$"&"%27,a-,bZcF,8Za? 8aW7, , _5'1%23,p(>*$552,7,89-97,N*5,d2I"2"1*5C,]5P%$J>"%2F,D%E,(,S5E,_525'(>"%2,h1,]51*()"2&, ;(0"$+3,B%'U3,(2C,_52C5',"2,/05'"K(7,S5E,T%'UF,@GI%'C,d2"P5'1">+,V'5117, , _"##13,H5#%'(*,5>,($7,899.7,:4*"$C,6($>'5(>052>,"2,=2$"1>5C,O%$C"5'1A,;(0"$"51,HJ'"2&,4%0#(>? ]5$(>5C,H5)$%+052>17L,M%J'2($,%I,>*5,/05'"K(2,65C"K($,/11%K"(>"%2,bM/6/c7,8R`,bacF,a8`?aZa7, , _"CC5213,/2>*%2+7,-RR87,N*5,N'(21I%'0(>"%2,%I,h2>"0(K+F,O5GJ($">+3,n%P53,(2C,='%>"K"10,"2, 6%C5'2,O%K"5>"517,O>(2I%'CF,O>(2I%'C,d2"P5'1">+,V'5117, ,

!"#$"%&'()*+, , -`-, _$(2q3,M(0517,899.Q8Q-87,Xh21J'&52>1,O>5))"2&,d),=II%'>1,>%,H%E2,d7O7,D5$"K%)>5'1,"2,h'(eX7, 6.7$8&-9$%34.57, *>>)FQQEEE72+>"0517K%0Q899.Q98Q-8QE%'$CQ0"CC$55(1>Q-8K%)>5'17*>0$uf'v-i%'5Iv1$%&"27,, , _%II0(23,='P"2&7,-RW-7,/1+$J01F,511(+1,%2,>*5,1%K"($,1">J(>"%2,%I,052>($,)(>"52>1,(2C,%>*5', "20(>517,S5E,T%'UF,/2K*%',!%%U17, , _%P5'2052>,/KK%J2>(#"$">+,@II"K5,89--7,:h2K'5(15C,@P5'1"&*>,%I,NJ">"%2,/11"1>(2K5,V'%&'(0,h1, S55C5C7L,*>>)FQQEEE7&(%7&%PQ)'%CJK>1Q_/@?--?Z99,b$(1>,(KK5115C,89-8QgQ8Rc7, , _'%113,N5''"7,89--Q-Q-`7,:/2,/'0+,B"I5,]5I$5K>1,%2,*5,652,/'5,_%257L,S(>"%2($,VJ#$"K, ](C"%7,*>>)FQQEEE72)'7%'&Q89--Q9-Q-`Q-Z8RZ-`8RQ(2?('0+?E"I5?'5I$5K>1?%2?E*52?>*5?052? ('5?&%25,b$(1>,(KK5115C,gQ-WQ89-8c7, , D($>"25'3,p('$7,-R``7,:OE">q5'$(2CL,"2,N*5,6"$">('+F,6%'5,>*(2,jJ1>,(,j%#u,=C">5C,#+,6%1U%1,i, B%%C7,B(1*"2&>%2F,!5'&(0%2?!'(115+7, , D5I$"2&3,p"0#5'$+7,89-9QZQ-87,:T%J2&,r5>5'(21,]5>J'2"2&,D%05,>%,;5E,M%#17L, *>>)FQQEEE7012#K70127K%0Q"CQZa`g-aR-Q21Q#J1"2511?K('55'1Q>Q+%J2&?P5>5'(21?'5>J'2"2&? *%05?I5E?j%#1Qk7N)RNtR..&m/,[$(1>,(KK5115C,89--Q-9Q-R\7, , D"$$3,]5J#527,-RgR7,;(0"$"51,d2C5',O>'511F,/CjJ1>052>1,>%,>*5,K'"151,%I,E(',15)('(>"%2,(2C, '5>J'27,D(')5',i,!'%1F,S5E,T%'U7, , D%K*1K*"$C3,/'$"57,-R.R7,=0%>"%2,B%'U3,;55$"2&13,(2C,O%K"($,O>'JK>J'57,/05'"K(2,M%J'2($,%I, O%K"%$%&+7,`a,bZc,aa-,?a.a7, , D%II0(23,;'(2U7,899.7,:!'"C&"2&,>*5,4"P"$?6"$">('+,_()7L,/'05C,;%'K51,M%J'2($7, *>>)FQQEEE7('05CI%'K51j%J'2($7K%0Q899.Q-8QZ-ggWWW,[$(1>,(KK5115C,89--Q-9Q-R\7, , D%J15,%I,]5)'5152>(>"P51,-9.>*,4%2&'5117,899-7,D%J15,%I,4%2&'511,]51%$J>"%2,Z9-7, *>>)FQQ>*%0(17$%K7&%PQK&"?#"2QeJ5'+Qqu'-9.FD8gO=8?99-.F,[$(1>,(KK5115C,89--Q-9Q-R\7, , DJ#5'>3,D52'",(2C,6('K5$,6(J117,-RWg7,O(K'"I"K5F,h>1,S(>J'5,(2C,;J2K>"%27,4*"K(&%F,d2"P5'1">+,%I, 4*"K(&%,V'5117, , h1(+3,]"K*('C7,-RW`7,:N*5,OJ#0('"25'1A,B"P51,O+2C'%057L,V1+K*"(>'"K,tJ('>5'$+7,g8Fg7, , M(2%E">q3,6%''"17,-RW97,N*5,V'%I511"%2($,O%$C"5'F,(,1%K"($,(2C,)%$">"K($,)%'>'(">7,S5E,T%'UF,;'55, V'5117, , p('25+3,!52j(0"2,(2C,M%*2,O7,4'%E27,899.7,:;(0"$"51,d2C5',O>'511F,/2,/11511052>,%I,H(>53, N*5%'+3,(2C,]515('K*,%2,6(''"(&5,(2C,H"P%'K5,"2,>*5,6"$">('+7L,O(2>(,6%2"K(F,](2C,S(>"%2($, !"#$"%&'()*+, , -`8, H5I5215,]515('K*,h21>">J>57, *>>)FQQEEE7'(2C7%'&QK%2>52>QC(0Q'(2CQ)J#1Q0%2%&'()*1Q899.Q]/SHf6_aRR7)CI,[$(1>, (KK5115CC,89-8QgQR\7, , p5225C+3,H(P"C7,899a3,MJ$+,8a7,:N*5,!51>,/'0+,B5,4(2,!J+7L,%2.$6.7$8&-9$%34.57, , p"5'U5&(('C3,O%'527,-R`a7,;5(',(2C,N'50#$"2&7,n%2C%2F,V52&J"2, , n()$(2K*53,M7,(2C,M7?!7,V%2>($"17,-R.Z7,N*5,n(2&J(&5,%I,V1+K*%(2($+1"17,S5E,T%'UF,S%'>%27,, , n('5(J3,/225>>57,899Z7,d25eJ($,4*"$C*%%C1F,4$(113,'(K53,(2C,I(0"$+,$"I57,d2"P5'1">+,%I,4($"I%'2"(, V'511F,!5'U5$5+7, , n(1K*3,4*'"1>%)*5'7,-R.R7,N*5,4J$>J'5,%I,S('K"11"10F,/05'"K(2,$"I5,"2,(2,(&5,%I,C"0"2"1*"2&, 5G)5K>(>"%217,S5E,T%'UF,S%'>%27, , n5$(2C3,/225,(2C,6('"?M(2(,:6?ML,@#%'%K%25(J7,89-93,;5#'J('+,8W7,:/05'"K(2,B(',(2C, 6"$">('+,@)5'(>"%21,4(1(J$>"51F,n"1>1,(2C,O>(>"1>"K17L,B(1*"2&>%23,H747F,4%2&'511"%2($,]515('K*, O5'P"K57,, , n50%2C13,M(0517,899-7,H5(CI($$F,_525'(>"%21,%I,n%&&"2&,"2,>*5,V(K"I"K,S%'>*E51>7,6"11%J($F, 6%J2>,V'511,VJ#$"1*"2&,4%0)(2+7,, , n51>5'3,V(>'"K"(,6H,4@n73,5>,($7,,89-97,:N*5,n%2&,B(',(2C,V('52>($,4%0#(>,H5)$%+052>F,=II5K>1, %2,6"$">('+,4*"$C'52,(2C,/>?D%05,O)%J1517L,M%J'2($,%I,>*5,/05'"K(2,/K(C50+,%I,4*"$C*%%C, (2C,/C%$51K52>,V1+K*"(>'+7,gRbgcF,Z-9?Z897, n5P"3,6('&('5>7,-RR.7,4%2152>3,H"1152>3,(2C,V(>'"%>"107,S5E,T%'UF,4(0#'"C&5,d2"P5'1">+,V'5117, , n"03,S73,_%$"25$$"3,H73,i,4*%3,67,b899.c7,:B%'U"2&,('%J2C,>*5,0"$">('+L,'5P"1">5CF,O)%J15, 50)$%+052>,"2,>*5,8999,K521J1,C(>(7,,]5>'"5P5C,I'%0, *>>)FQQEEE7'(2C7%'&Q)J#1Q0%2%&'()*1Q899.Q]/SHf6_aWW7)CI,[$(1>,(KK5115C,MJ$+,-83,89--\7, , 6(K$5(23,/$("',(2C,_$52,=$C5'7,899.7,:6"$">('+,O5'P"K5,"2,>*5,n"I5,4%J'157L,/22J($,]5P"5E,%I, O%K"%$%&+,ZZF-.a?-RW7, , 6(22*5"03,D5'0(227,-Rg-7,:4'"05,"2,B('>"05,=2&$(2C7L,/22($1,%I,>*5,/05'"K(2,/K(C50+,%I, V%$">"K($,(2C,O%K"($,OK"52K57,r%$,8-.7, , 6('UJ13,!'"(27,899R3,/)'"$,--7,:d7O7,6"$">('+,4%0#(>1,]"1"2&,6%>%'K+K$5,;(>($">"517L, *>>)FQQEEE72)'7%'&Q>50)$(>51Q1>%'+Q1>%'+7)*)u1>%'+hCv-98RR9-.R,[$(1>,(KK5115C, 89--Q-9Q-R\7, ,

!"#$"%&'()*+, , -`Z, 6('>"23,](K*5$7,89-8QgQ`7,:H"10"115CF,6"$">('+,;(0"$"51,]5J2">53,;(K5,>*5,;J>J'57L,S(>"%2($, VJ#$"K,](C"%7,*>>)FQQEEE72)'7%'&Q89-8Q9gQ9`Q-a9-.Z-agQC"10"115C?0"$">('+?I(0"$"51?'5J2">5? I(K5?>*5?IJ>J'5,b$(1>,(KK5115C,89-8QgQ8ac7, , 6(>1(U"13,/)*'%C">57,-R``7,r"5>2(0,B"P51F,E%052,(2C,K*"$C'52,1J'P"P"2&,$"I5,E">*,P5>5'(21, 1JII5'"2&,)%1>,>'(J0(>"K,1>'511,C"1%'C5'7,p521"2&>%2F,B%%C#"25,D%J157, , 6(J113,6('K5$,(2C,D52'",!5JK*(>7,-R.R7,O5(1%2($,r('"(>"%21,%I,>*5,=1U"0%1F,(,1>JC+,"2,1%K"($, 0%')*%$%&+7,!%1>%2F,]%J>$5C&5,i,p5&(2,V(J$7, , 6(+3,65'5C">*,(2C,D52'+,p7,n557,:!5'U5$5+,;"'5,N'JKU1,O>'"))5C,%I,;$(&17L,%2.$"(1$:-(1;35;&$ <2-&13;+.7,89,O5)>50#5',899-7,b)3,/-c, , 6(+5'3,D%$$+7,-RRW7,!5$%2&"2&,>%,>*5,/'0+F,4(0),;%$$%E5'1,(2C,4%00J2">+,CJ'"2&,>*5, /05'"K(2,]5P%$J>"%27,4%$J0#"(F,d2"P5'1">+,%I,O%J>*,4('%$"2(,V'5117, , 6K4$J'53,V5&&+7,-RRR7,V(>*E(+1,>%,>*5,;J>J'5F,/,]5P"5E,%I,6"$">('+,;(0"$+,]515('K*7,OK'(2>%2, 6"$">('+,;(0"$+,h21>">J>57,6('+E%%C,4%$$5&5F,OK'(2>%23,V5221+$P(2"(7,, , ???????,-RR`7,:6"$">('+,4%00J2">+,4%*51"%27L,6"$">('+,;(0"$+,h21>">J>5F,6('+E%%C,4%$$5&53, OK'(2>%23,V5221+$P(2"(7, , 6Kh$P(253,]%#7,89--7,:O%$C"5'1,>%,#5&"2,89-8,E">*,2"25?0%2>*,C5)$%+052>17L, EEE7('0+70"$Q('>"K$5QWZ9.ZQ,b$(1>,(KK5115C,89-8QgQ8gc7, 655U5'3,6('>"27,89-97,N*5,@(U$(2C,/'0+,!(15F,(2,%'($,*"1>%'+7,!5'U5$5+F,!(2K'%I>,n"#'('+7, 65'%$$(3,/2C+7,89-97,:]5$(>"%2($,6("2>52(2K5,HJ'"2&,6"$">('+,H5)$%+052>1F,V5'1)5K>"P51,%I, B"P51,%I,H5)$%+5C,dO,O%$C"5'17L,M%J'2($,%I,/))$"5C,4%00J2"K(>"%2,]515('K*7,Z`F-7,V),g?8W7, , 6"$">('+,DJ#3,89-97,:/'0+,]%>(>"%2,6%C5$,@II5'1,h2K'5(15C,HE5$$,N"057L,EEE70"$">('+*J#7, 4%0Q('>"K$57KI0u"Cv8-`,b$(1>,(KK5115C,89-8QgQ--c7, , 6"$$#(2U3,M%*27,-RRa7,:O>%'"51,%I,O(K'"I"K5,I'%0,B5$$*(J152,>%,_"'('C7L,N*5%'+3,4J$>J'53,i, O%K"5>+,-87,, , 6"$$13,47,B'"&*>7,-Rg97,O">J(>5C,/K>"%21,(2C,r%K(#J$('"51,%I,6%>"P57,/05'"K(2,O%K"%$%&"K($, ]5P"5E7,a,bWc,R9g?R-Z7, , 6%2"q3,H(P57,899g3,-8Q-Z7,:](>5,%I,_J('C,H5(>*1,D"&*5'7L,!"#$%&'()7, *>>)FQQEEE7J1(>%C(+7K%0Q25E1QE%'$CQ899g?-8?-Z?&J('C?C5(>*1fG7*>0,[$(1>,(KK5115C, 89--Q-9Q-R\7, , 6%%'53,D('%$C,(2C,M%15)*,n7,_($$%E(+7,-RR87,B5,B5'5,O%$C"5'1,@2K5,???,(2C,T%J2&F,h(,H'(2&3, >*5,#(>>$5,>*(>,K*(2&5C,>*5,E(',"2,r"5>2(07,S5E,T%'UF,](2C%0,D%J157,, !"#$"%&'()*+, , -`g, , 6%1U%13,4*('$51,(2C,;'(2U,]7,B%%C,b5C1c7,-R``7,N*5,6"$">('+F,6%'5,>*(2,jJ1>,(,j%#u, B(1*"2&>%2F,!5'&(0%2?!'(115+7, , S(C5$1%23,N*5%C%'57,899a7,N'("25C,>%,p"$$F,O%$C"5'1,(>,B('7,!($>"0%'5F,M%*2,D%)U"21,d2"P5'1">+, V'5117, ,, S(>"%2($,VJ#$"K,](C"%7,b(J>*%',J2U2%E2c7,MJ$+,W3,89--7,:!+,>*5,SJ0#5'1F,N%C(+A1,0"$">('+7L, *>>)FQQEEE72)'7%'&Q89--Q9.Q9ZQ-Z.aZW---Q#+?>*5?2J0#5'1?>%C(+1?0"$">('+,[$(1>,(KK5115C, MJ$+,-83,89--\7, , S5E#+3,M7,D73,5>,($7,899a7,:V%1">"P5,(2C,S5&(>"P5,4%215eJ52K51,%I,6"$">('+,H5)$%+052>7L, 6"$">('+,65C"K"257,-.93,`-a?`-R7, , S5E)%'>3,;'(2U,(2C,M%15)*,4(''%$$7,899a7,:h'(e,P5'1J1,r"5>2(0F,/,4%0)('"1%2,%I,VJ#$"K, @)"2"%27L,_($$J),S5E1,O5'P"K57,*>>)FQQEEE7&($$J)7K%0Q)%$$Q-`9R.Q"'(e?P5'1J1?P"5>2(0? K%0)('"1%2?)J#$"K?%)"2"%27(1)G,b$(1>,(KK5115C,89-8QgQ8`c7, , @II"K5,%I,>*5,d2C5'15K'5>('+,%I,H5I52153,V5'1%225$,(2C,]5(C"2511,899R7,:H50%&'()*"K1,899RF, V'%I"$5,%I,>*5,6"$">('+,4%00J2">+7L,*>>)FQQK170*I7C%C70"$QK%2>52>QC(PQ0*IQt@n? n"#'('+QVH;Q6D;Qt@nl89]51%J'K51Q]5)%'>1Q899RfH50%&'()*"K1f]5)%'>7)CI,[$(1>,(KK5115C, MJ$+,-83,89--\7, , @II"K5,%I,>*5,d2C5'15K'5>('+,%I,H5I52153,V5'1%225$,(2C,]5(C"25117,89--7,:V%)J$(>"%2, ]5)'5152>(>"%2,"2,>*5,6"$">('+,O5'P"K51F,/))52C"G,H,D"1>%'"K($,H(>(7L, *>>)FQQ)'*%057C5I52157&%PQ6VVQ/44=OOh@Sl89V@nh4TQV%)]5)899RQ())52C"GCQCf9W7*>0$, [$(1>,(KK5115C,MJ$+,-83,89--\7, , V5('$0(23,4*51>5',/7,-R.97,:O5)('(>"%2,]5(K>"%21,%I,6(''"5C,B%0527L,/05'"K(2,M%J'2($,%I, V1+K*"(>'+7,-8WF.7, , V5E,]515('K*,452>5',89--,B(',(2C,O(K'"I"K5,"2,>*5,V%1>?RQ--,='(F,N*5,6"$">('+?4"P"$"(2,_(), *>>)FQQEEE7)5E1%K"($>'52C17%'&Q89--Q-9Q9aQE('?(2C?1(K'"I"K5?"2?>*5?)%1>?R--? 5'(QWQkK*()>5'?a?>*5?)J#$"K?(2C?>*5?0"$">('+u1'Kv)'K?*5(C$"25,b$(1>,(KK5115C,89-8QgQZ9c7, , V%)53,O>5)*52,M7,-RR87,:/&()5,(2C,*J0(2,2(>J'5F,K%2>'"#J>"%21,I'%0,,25%?C('E"21"07,,O%K"($, OK"52K5,h2I%'0(>"%27,Z-,bZc,a9R?a8R7, , V%)52%53,H(P"C7,-RRg7,:OK(2C"2(P"(2,B5$I('57L,O%K"5>+7,Z-FW7,))7,.`?`-7, , V%)52%53,H(P"C,5>,($7,-RRW7,V'%0"151,>%,p55)F,C5K$"25,(2C,'525E($,%I,0(''"(&5,"2,/05'"K(7, n(2*(0F,]%E0(2,i,n">>$5I"5$C,VJ#$"1*5'17,

!"#$"%&'()*+, , -`a, V%E5'13,]%C7,899a7,:H5)$%+052>,](>51F,h'(e,(2C,/I&*(2"1>(2,I'%0,O5)>50#5',--3,899-,>%,Z-, @K>%#5',899g7,*>>)FQQJ10"$">('+7(#%J>7K%0Q%CQ>5''%'"10Q(QC5)$%+052>'(>517*>0,[$(1>, (KK5115C,89--Q-9Q-R\7, , V'"51>,i,DJ$$3,;5#'J('+,-`3,899.3,:O%$C"5'1,;(K5,S5&$5K>3,;'J1>'(>"%2,(>,/'0+A1,N%),65C"K($, ;(K"$">+7L,*(5231=,&1$>&5,, , tJ"223,O('(*7,899R7,:N*5,N'(21I%'0(>"%2,%I,6%'($1,"2,6('U5>1F,H5(>*3,!525I">13,(2C,>*5, =GK*(2&5,%I,n"I5,h21J'(2K5,V%$"K"517L,/05'"K(2,M%J'2($,%I,O%K"%$%&+7,--g7, , ]52(JC3,4'("&,(2C,!'52>,]52(JC7,899a7,:@II,>%,B('F,;'%0,]J'($,/'U(21(1,>%,!(&*C(CL, bC%KJ052>('+,I"$0c7,, ]"5II3,V*"$")7,-RaR7,;'5JCF,>*5,0"2C,%I,(,0%'($"1>7,S5E,T%'UF,r"U"2&,V'5117, , ]"P5'13,B7,D73,4()>7,-R-`3,;5#'J('+,87,:/2,/CC'511,%2,>*5,]5)'511"%2,%I,B(',=G)5'"52K57L,N*5, n(2K5>7,, , ]%#"21%23,M511"K(7,89-8QZQ-87,:M%#$511,"2,hC(*%F,S(>"%2($,_J('C,O%$C"5'1,O55U,H5)$%+052>,"2, ;(K5,%I,M%#,6('U5>7L,S(>"%2($,VJ#$"K,](C"%7, *>>)FQQ1>(>5"0)(K>72)'7%'&Q"C(*%Q89-8Q9ZQ-8Qj%#$511?"2?"C(*%?2(>"%2($?&J('C?1%$C"5'1?155U? C5)$%+052>?"2?I(K5?%I?j%#?0('U5>Q,b$(1>,(KK5115C,89-8QgQ8gc7, , ]JCC"KU3,O('(7,-RRa7,6(>5'2($,N*"2U"2&F,>%E('C,(,)%$">"K1,%I,)5(K57,!%1>%2F,!5(K%2,V'5117,, , O($(03,]5"*(27,899`7,:6"11"%2,;"'1>3,N'%%)1,/$E(+17L, *>>)FQQ>*5(05'"K(21K5257K%0Q899`Q9.Q-9Q0"11"%2?I"'1>?>'%%)1?($E(+1,[$(1>,(KK5115C,6('K*,`3, 89-8\7, , O(0)$53,H%J&3,6(1>5',O5'&52(>7,89-97,:O>JC+,'5P5($1,)(>'"%>"K3,(K>"P5,U"C1,1JII5',$511, C5)$%+052>,1>'5117L,*>>)FQQEEE7('0+70"$Q('>"K$5QZZ.-8Q,b$(1>,(KK5115C,89-8QgQ-Wc7, , O(0)1%23,]%#5'>,(2C,M%*2,n(J#7,-RRW7,:O%K"%5K%2%0"K,/K*"5P5052>1,"2,>*5,n"I5,4%J'15,%I, H"1(CP(2>(&5C,652F,6"$">('+,O5'P"K5,(1,(,NJ'2"2&,V%"2>3,4"'K(,-Rg9?-RWa7L,/05'"K(2, O%K"%$%&"K($,]5P"5E,W-bZc,Zg.?ZW.7, , Ow2K*5q?M(2U%E1U"3,6('>x27,899`7,4'(KU1,"2,>*5,V(P5052>F,O%K"($,4*(2&5,(2C,]51"$"52K5,"2,V%%', S5"&*#%'*%%C17,!5'U5$5+F,d2"P5'1">+,%I,4($"I%'2"(,V'5117, , OK*J003,B($>5'^,!5$$3,!'JK5^,=2C5'3,6%'>52^,(2C,]"K53,]%157,899g7,:=G)5K>(>"%213,d153,(2C, =P($J(">%2,%I,4%00J2"K(>"%2,65C"(,(0%2&,H5)$%+5C,V5(K5U55)5'17L,/'05C,;%'K51,i,O%K"5>+7, Z9Fg7,V),WgR?WW87, ,

!"#$"%&'()*+, , -`W, OK%>>3,6('P"2,(2C,O>(2I%'C,67,n+0(27,-RW`7,:/KK%J2>17L,/05'"K(2,O%K"%$%&"K($,]5P"5E7,ZZ,b-c, gW?W87, , O5&($3,H(P"C,(2C,6(C+,B5K*1$5',O5&($7,899g7,:/05'"K(A1,6"$">('+,V%)J$(>"%27L,V%)J$(>"%2, !J$$5>"2,aRFg7, O*5$>%23,p"07,899-7,N*5,B5$K%057,bC%KJ052>('+,I"$0c,/1*$(2CF,NE%,O*%51,V'%CJK>"%217, , O*5'"I3,,6Jq(I5',5>,($7,-RW-7,N*5,]%##5'1,4(P5,=G)5'"052>F,"2>5'&'%J),K%2I$"K>,(2C,K%%)5'(>"%27, 6"CC$5>%E2F,B51$5+(2,d2"P5'1">+,V'5117, , O$(>5'3,V*"$")7,-RWZ7,:@2,O%K"($,]5&'511"%27L,/05'"K(2,O%K"%$%&"K($,]5P"5E7,8`,bZc,ZZR?ZWg7, ,, O$%(2,B%'U,(2C,;(0"$+,]515('K*,S5>E%'U7,899R7,:tJ51>"%21,(2C,/21E5'1,(#%J>,6"$">('+, ;(0"$"51F,/,O$%(2,B%'U,(2C,;(0"$+,]515('K*,S5>E%'U,;(K>,O*55>7L, *>>)FQQEI25>E%'U7#K75CJQ)CI1Q0"$">('+I(0"$"517)CI,[$(1>,(KK5115C,MJ$+,-83,89--\7, , O0">*3,H%'%>*+7,899a7,h21>">J>"%2($,=>*2%&'()*+F,/,O%K"%$%&+,I%',V5%)$57,B($2J>,4'55UF, /$>(6"'(,V'5117, , O>%JII5'3,O(0J5$,5>,($7,-RgR7,N*5,/05'"K(2,O%$C"5'F,/CjJ1>052>,CJ'"2&,/'0+,n"I5,r%$J05,h7, V'"2K5>%2F,V'"2K5>%2,d2"P5'1">+,V'5117, , O>%JII5'3,O(0J5$,5>,($7,-Ra97,N*5,/05'"K(2,O%$C"5'F,4%0#(>,(2C,">1,(I>5'0(>*,r%$J05,hh7, V'"2K5>%2F,V'"2K5>%2,d2"P5'1">+,V'5117, , OE"C$5'3,/227,899-7,N($U,%I,n%P5F,D%E,4J$>J'5,6(>>5'17,4*"K(&%F,d2"P5'1">+,%I,4*"K(&%,V'5117, , N(23,6"K*5$$57,899.QaQZ-7,:O%05,/'0+,)%1>1,>%,52C,"2C"P"CJ($,050%'"($17L,/'0+,N"0517, *>>)FQQEEE7('0+>"0517K%0Q25E1Q899.Q9aQ('0+f050%'"($f9.9aZ-EQ,[$(1>,(KK5115C, 89-8QaQa\, , d7O7,4521J1,!J'5(J7,89--7,:O>(>5,i,4%J2>+,tJ"KU,;(K>17L, *>>)FQQeJ"KUI(K>17K521J17&%PQeICQ1>(>51Qg`Qg`ZR-g`7*>0$,[$(1>,(KK5115C,89--Q-9Q-R\7, , dO,/'0+,]515('K*,h21>">J>5,I%',>*5,!5*(P"%'($,(2C,O%K"($,OK"52K517,899.7,:6('">($,O>(>J1,-Ra8,s, 899.7L,EEE7('0+70"$QKI1KQC%K1Q6('">($O>(>J1R-89.7))>,[$(1>,(KK5115C,MJ$+,-83,89--\7, , r("15+3,O>5P527,899R7,:6%>"P(>"%2,(2C,MJ1>"I"K(>"%2F,/,HJ($?V'%K511,6%C5$,%I,4J$>J'5,"2,/K>"%27L, /05'"K(2,M%J'2($,%I,O%K"%$%&+7,--gbWc,-W.a?-.-a7, , r5>M%#17,89-9Q-8Q8g7,:d2"2>52C5C,4%215eJ52K51,/II5K>"2&,_J('C,i,]515'P5,=0)$%+052>7L, *>>)FQQP5>j%#17K%0Q05C"(Q89-9Q-8Q8gQZ`9-Q,[$(1>,(KK5115C,89--Q-9Q-R\7, , !"#$"%&'()*+, , -`., B($q5'3,6"K*(5$7,-R.-7,@#$"&(>"%21F,511(+1,%2,C"1%#5C"52K53,E('3,(2C,K">"q521*")7,S5E,T%'UF,, O"0%2,i,OK*J1>5'7,, , B5#5'3,6(G7,-R.`7,=K%2%0+,(2C,O%K"5>+7,!5'U5$5+F,d2"P5'1">+,%I,4($"I%'2"(,V'5117, , B5K*1$5'?O5&($3,6(C+7,-R``,:N*5,6"$">('+,(2C,>*5,;(0"$+,(1,_'55C+,h21>">J>"%217L,b"2,6%1U%1,i, B%%C1c7,N*5,6"$">('+F,6%'5,>*(2,jJ1>,(,j%#u,B(1*"2&>%2F,!5'&(0%2?!'(115+7, , B5K*1$5',O5&($3,6(C+7,-R`W7,:N*5,6"$">('+,(2C,>*5,;(0"$+,(1,_'55C+,h21>">J>"%217L,/'05C, ;%'K51,i,O%K"5>+7,-ZF-,)),R?Z`7, , B5"21>5"23,n(J'"5,(2C,4*'"1>"25,B*">5,b5C1c7,-RR.7,B"P51,i,B(''"%'1F,E%052,(2C,>*5,0"$">('+,"2, >*5,d2">5C,O>(>51,(2C,4(2(C(7,B51>)%'>F,!5'&"2,i,_('P5+7,, , B5"113,=J&52"(,5>,($7,89-97,:4$"2"K($,V'(K>"K5,E">*,6"$">('+,;(0"$"51,(2C,r5>5'(21F,/,6%C5$,I%', ]51"$"52K+,!J"$C"2&7L,V()5',)'5152>5C,(>,S(>"%2($,/11%K"(>"%2,I%',O%K"($,B%'U,s,4($"I%'2"(, /22J($,4%2I5'52K53,89-97, , B"$$5'3,]%##7,899R7,:_'%J)1,]5E('C,h2C"P"CJ($,O(K'"I"K5F,N*5,O>(>J1,O%$J>"%2,>%,>*5,4%$$5K>"P5, /K>"%2,V'%#$507L,/05'"K(2,O%K"%$%&"K($,]5P"5E,.gF-7, , B%2&3,n5%2('C,(2C,O>5)*52,_5''(17,89-97,:N*5,=II5K>1,%I,6J$>")$5,H5)$%+052>1,%2,/'0+, /C%$51K52>17L,O>'(>5&"K,O>JC"51,h21>">J>57,d7O7,/'0+,B(',4%$$5&5F,4('$"1$5,!(''(KU13,V/7, EEE7('0+70"$7,899ZQ.Q8Z7,:_527,p5(25,V'511,!'"5I"2&,%2,V$(21,>%,]%>(>5,;%'K51,"2,h'(e7L, EEE7('0+70"$QI5(>J'51Q]%>(>"2&h'(e;%'K51QC5I(J$>7*>07,b$(1>,(KK5115C,89-8QgQ8gc7, , m5$$"q5'3,r"P"(2(7,-R.R7,6%'($1,(2C,6('U5>1F,>*5,C5P5$%)052>,%I,$"I5,"21J'(2K5,"2,>*5,d2">5C, O>(>517,S5E,T%'UF,4%$J0#"(,d2"P5'1">+,V'5117, , m"0#('C%3,V*"$")7,899.7,N*5,nJK"I5',=II5K>F,J2C5'1>(2C"2&,*%E,&%%C,)5%)$5,>J'2,5P"$7,S5E,T%'UF, ](2C%0,D%J157, , m%'%+(3,_'5&&7,89-8QZQ8-7,:6J$>")$5,C5)$%+052>1,5II5K>,J2U2%E2,%2,>'%%)17L,!"#$%&'()7,, , , ,

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

!""#$%&*)+,)-'.#%/0#)12)+$3#45)7/#(3&1$()

+8) 9#00):#);)0&330#);<1/3)=1/4)<;'>?41/$%8)

;) -.$/$!0/$!123!4/256!-.07!&'&!123/!#0/$%7)!&2!42/!82/96!-.07!80)!123/!(.':&.22&! :'9$6!;27)!24!#$2#:$!'%!7.$!5':'70/1!0/$!7.$!(.':&/$%!24!0/51!42:9

++8) @16)%&%)=1/)'1:#)31)<#);)(10%A()6&2#B)

;) >28!&'&!123!5$$76!-.$%6!

<) -.07!077/0(7$&!123!72!.'56!!

') >28!80)!.$!:'9$!#/$?'23)!@214/'$%&)6!>28!80)!.$!&'44$/$%76!

%) -0)!.$!'%?2:?$&!8'7.!7.$!5':'70/1!8.$%!123!5$76!=4!)2A!.28!&2!123!7.'%9!7.07!4'7! '%72!7.$!077/0(7'2%6!!=%!8.07!801)6!

#) =4!.$!80)%B7!0:/$0&1!'%!7.$!5':'70/1A!8.07!&'&!123!4$$:!0@237!.')!&$(')'2%!72!C2'%6!!

2) >28!823:&!123!)01!7.07!123/!4$$:'%D)!0@237!.'5!@$'%D!'%!7.$!5':'70/1!.0?$!(.0%D$&! )'%($!7.$%6! +++8) C.;3)&();)(10%A()6&2#B)

;) E$42/$!123!@$(05$!0!)2:&'$/B)!8'4$A!8.07!8$/$!123/!$F#$(707'2%)6!-.$%!123! @$(05$!0!)2:&'$/B)!8'4$A!8.07!8$/$!)25$!24!7.$!7.'%D)!123!/$0:'G$&!8$/$!D2'%D!72! @$!$F#$(7$&!24!1236!-.2!$F#$(7$&!7.$)$!7.'%D)!4/25!1236!!

<) >0?$!123!077$%&$&!0%!"/51!H05':1!I$05!E3':&'%D!82/9).2#!2/!0%1!27.$/! $?$%7)J#/2D/05)!7.07!.$:#$&!123!9%28!.28!72!@$!0%!0/51!8'4$6!

') -.07!')!0!D22&!0/51!8'4$6!I$::!5$!0@237!)25$!)#23)$)!123!7.'%9!0/$!D22&!0/51! 8'?$)

) K25$!42:9)!.0?$!72:&!5$!7.07!0!@0&!0/51!8'4$!')!2%$!8.2!(25#:0'%)

%) L2$)!'7!709$!0!)#$('0:!8250%!72!@$!50//'$&!72!0!)2:&'$/!2/!(0%J).23:&!$?$/1!8250%! @$!0@:$!72!&2!8.07!123!&26!

! "##$%&'($)! ! *+,! ) H/25!8.$/$!&2!123!D$7!123/!)7/$%D7.!72!@$!0%!0/51!)#23)$6!

#) >28!&2!123!7.'%9!24!123/)$:46!0)!0!N'?':'0%6!O':'70/1!&$#$%&$%76!O':'70/1! #$/)2%%$:6!PF!!8.$%!0)9$&!42/!=L!

2) >28!8$::!&2!123!9%28!123/!.3)@0%&B)!(2::$0D3$)6!I.$'/!405':'$)6!!

?) L2!123!$?$/!4'%&!7.07!123!0/$!C$0:23)!24!7.$!@2%&!123/!.3)@0%&!.0)!8'7.!.')!0/51! (2::$0D3$)6!

.) K25$!)01!7.07!0%!0/51!8'4$!.0)!72!0(($#7!7.07!'%!.$/!50//'0D$A!7.$!0/51!(25$)! 4'/)70)!7.07!@$$%!7.$!(0)$!'%!123/!/$:07'2%).'#6!

&) =4!'7!')!7/3$!42/!123A!.28!&2!123!C3)7'41!7.076!

=4!'7B)!%27!7/3$A!.28!&2!123!/$)')7!7.$!#/$))3/$)!7.07!823:&!509$!'7!7/3$6!

) >28!&2$)!123/!)#23)$!4$$:!0@237!7.$!)01'%DA!Q=%!0%!0/51!50//'0D$A!7.$!0/51!(25$)! 4'/)7R6!

D) !-.07!&2!123/!4/'$%&)J405':1!%27!'%!7.$!5':'70/1!7.'%9!24!123!@$'%D!50//'$&!72!0! )2:&'$/6!

>) -.07!.0?$!123!%27'($&!7.07!7.$1!3%&$/)70%&!0@237!@$'%D!0!5':'70/1!)#23)$6!L2%B7! 3%&$/)70%&6!

0) -.07!0/$!)25$!24!7.$!5$52/0@:$!/$0(7'2%)!123!.0?$!D277$%!8.$%!123!72:&!42:9)! 123!8$/$!0!5':'70/1!)#23)$6!"/$!7.$/$!#$2#:$!123!&2%B7!!7$::6!

:) -.07B)!7.$!@$)7!#0/7!24!@$'%D!50//'$&!72!0!)2:&'$/6!I.$!82/)76!!

+E8) F;4##4).&(314=)

;) K70/7'%D!4/25!%28!0%&!82/9'%D!@0(9!72!8.$%!123!4'/)7!5$7!123/!.3)@0%&A!8.$/$! .0?$!123!:'?$&6!

<) >28!50%1!7'5$)!.0)!.$!&$#:21$&6!-.$/$!&'&!123!:'?$!8.$%!.$!80)!&$#:21$&6!

) K25$!)01!7.07!7.$!5':'70/1!#/$4$/)!7.07!)#23)$)!)701!%$0/!7.$'/!)2:&'$/)B!@0)$!&3/'%D! &$#:215$%7

"##$%&'($)! ! *,M! F) -.07!&2$)!.$!&26!V$:07'?$!72!27.$/)!'%!.')!3%'7A!.28!&0%D$/23)!')!.')!C2@6!>28!&2! 123!9%28!7.')6!

) L2!123!7.'%9!7.$!"/51!7/'$)!72!0))'D%!50//'$&!)2:&'$/)!72!:$))!&0%D$/23)!C2@)6! K2:&'$/)!8'7.!(.':&/$%6!=4!%27!).23:&!'76! ) L2!123!7.'%9!U30/&!3%'7)!0/$!'%!0)!53(.!&0%D$/!0)!/$D3:0/!"/51!3%'7)6!

) >0)!123/!U30/&!)2:&'$/!@$$%!&$#:21$&!8'7.'%!7.$!WK6!I2!8.07!9'%&!24!5'))'2%)6! >28!247$%6!>28!&0%D$/23)6! G) SXYKPN!/$5'%&$/Z!%2!)#$('4'(!&07$)A!:2(07'2%)A!%05$)!24!3%'7)A!/0%9)T!

E8) F;$)=1/)4#';00)6.#$)=1/)2&4(3).#;4%)12);)(10%)&$)=1/4)("1/(#A()/$&3)<#&$?) &$D/4#%B))

!) L'&!)J.$!.0?$!0!)#23)$A!405':16!>28!(:2)$:1!&'&!123!9%28!7.$56!!

H) >28!&'&!123!/$)#2%&6!

F) >28!&'&!7.$!5':'70/1!(2553%'71!/$)#2%&6!I.$!(2550%&6!I.$!HVU6!N.0#:0'%(16!

G) >28!&'&!42:9)!237)'&$!24!7.$!5':'70/1!/$)#2%&6!!U2?$/%5$%76!N.3/(.$)6!K(.22:)6! [$7$/0%)!D/23#)6!N'?'(!D/23#)6!

I) L2!0%1!27.$/!'%C3/$&!)2:&'$/)!)70%&!237!'%!123/!5$52/16!

J) X?$/!7.$!#0)7!1$0/)A!8'7.!27.$/!'%C3/$&!)2:&'$/)A!.28!.0?$!7.$!801)!'%!8.'(.!7.$! (2553%'7'$)!/$)#2%&!(.0%D$&6!>0?$!7.$!801)!123!/$)#2%&!(.0%D$&6!

K) >28!.0?$!7.$'/!:2))$)!044$(7$&!1236!\23/!)#23)$6!>28!&2!123!&$0:!8'7.!7.')!:2))6!

@) L2!123!)$%)$!7.07!0::!:2))$)!0/$!$]30::1!.2%2/$&6!K.23:&!7.$1!@$6!I.$!L2L!/$4$/)! 72!&$07.)!0%&!'%C3/'$)!0)!2((3//'%D!3%&$/!$'7.$/!.2)7':$!2/!%2%!.2)7':$!(2%&'7'2%)!^! .28!&2$)!7.07!&'44$/$%($!044$(7!7.$!8.07!7.2)$!'%C3/'$)!2/!4070:'7$)!5$0%!72!7.$! (2553%'716!I2!1236!

E+8) C.#$).;5#)=1/)<##$):1(3)6144&#%)3.;3)=1/4)./(<;$%)6;()&$)%;$?#4B)

;) -.$/$!8$/$!123!:'?'%D6!

<) -.07!8$/$!123!52)7!04/0'&!246!Y.1)'(0:A!P527'2%0:A!0%&!2/!K#'/'730:!'%C3/16!H070:'716!

') L'&!123/!4$0/!42/!.'5!(.0%D$!7.$!801!123!8$/$!:'?'%D6!>286!

"##$%&'($)! ! *,*! %) I2!8.25!&'&!123!73/%!42/!)3##2/76!-.07!&'&!7.$1!&2!72!.$:#!1236!N.3/(.6!HVU6! L2(72/6!K#23)$B)!$5#:21$/J(2::$0D3$)6!H05':16!H/'$%&)6!-2/9!(2::$0D3$)6!X7.$/! )2:&'$/)6!

#) -.25!&'&!123!0?2'&6!-.16!

2) -$/$!123!'%?2:?$&!8'7.!.')!3%'7B)!405':1!/$0&'%$))!D/23#!SHVUT!07!7.07!7'5$6!

) -.2!:$0&)!7.$!HVU6!>28!&'&!)J.$!(25$!72!@$!7.$!HVU!:$0&$/6!

?) L2!123!/$(0::!0%1!#0/7'(3:0/!&/$05)!2/!&01!&/$05)!4/25!7.07!#$/'2&!2/!0@237!7.07! #$/'2&!24!7'5$6!

.) "/$!7.$/$!0%1!52?'$)A!)2%D)A!@229)A!#/01$/)A!)72/'$)!7.07!.$:#$&!123!'%!7.07!#$/'2&6!

&) "/$!7.$/$!0%1!52?'$)A!)2%D)A!@229)A!)72/'$)!7.07!5'D.7!$F#:0'%!72!)25$2%$!$:)$! 8.07!123!8$%7!7./23D.!'%!7.07!#$/'2&6!-.07!&2!123!7.'%9!24!"/51!-'?$)6!

E++8) L#1";4%=);$%)M#;$&$?))

) L'&!123!$?$/!&')(3))!7.$!&0%D$/)!24!5':'70/1!)$/?'($!8'7.!.'56!-0)!7.$/$!)25$7.'%D! .$!)0'&!7.07!)70%&)!237!'%!123/!5'%&6!-'7.!27.$/!8'?$)6!X7.$/!#$2#:$6!-.07!&'&! 123!70:9!0@2376!

) ")!0!(23#:$A!&'&!123!509$!#:0%)!42/!7.$!#2))'@':'71!24!'%C3/1!2/!4070:'716!

) >28!&2!123!7.'%9!123/!/$:07'2%).'#!.0)!@$$%!044$(7$&!@1!7.')!#2))'@':'716!

) I.$!#2))'@':'71!24!'%C3/1!2/!4070:'71!')!0!#0/7!24!@$'%D!0!)2:&'$/

) L2!123!7.'%9!7.$!"/51!.0)!#/$#0/$&!123!42/!7.$!#2))'@':'71!24!123/!.3)@0%&B)!'%C3/1! 2/!&$07.6!-.07!823:&!123!(.0%D$!0@237!7.$!801!7.07!7.$!"/51!#/$#0/$)!)2:&'$/)! 0%&!405':'$)!42/!7.$!#2))'@':'71!24!'%C3/16!

) >28!.0)!7.$!80/!044$(7$&!&$(')'2%)!123!0%&!.$!.0?$!50&$!0@237!123/!405':16!

) >28!&2!123!4$$:!0@237!.0?'%D!(.':&/$%!'%!0!7'5$!24!80/6!

) ")!0!50%J8250%!8'7.!0!8'4$J.3)@0%&!0%&!(.':&/$%A!&2!123!$?$/!7.'%9!.$J).$!.0)!0! &371!2/!/$)#2%)'@':'71!%27!72!#37!.'5J.$/)$:4!'%!.0/5B)!801A!72!4'%&!0!)04$/!

"##$%&'($)! ! *,_! 2((3#07'2%6!

) K25$!)01!7.07!7.$!D/$07$)7!%35@$/!24!(0)30:7'$)!'%!7.')!80/!.0)%B7!@$$%!'%&'?'&30:)! @37!/$:07'2%).'#)

) K25$!42:9)!70:9!0@237!7.$!#/2@:$5)!24!'%4'&$:'71!2/!a)7/01'%DB!'%!7.$!5':'70/1! (2553%'71

) L2!123!$?$/!82//1!0@237!.28!7.$!?'2:$%($!123/!)#23)$!$F#$/'$%($)!5'D.7!(.0%D$! .'5J.$/6!

) L2$)!123/!)#23)$!).0/$!7.2)$!$F#$/'$%($)!8'7.!1236!-23:&!123!#/$4$/!7.07!.$J).$! &'&J&'&!%27!).0/$!7.$56!

) L2!123!).0/$!$?$/17.'%D!7.07!D2$)!2%!07!.25$!&3/'%D!&$#:215$%7!8'7.!123/! )#23)$6!

E+++8) N#'1?$&3&1$)

;) -.07!D$)73/$!50&$!@1!)25$2%$!8'7.'%!7.$!5':'70/1!b0)!2##2)$&!72!('?':'0%c! (2553%'71!.0)!723(.$&!123!52)76!!

-'7.'%!7.$!('?':'0%!(2553%'716!

<) L2!123!7.'%9!52/$!#$2#:$!).23:&!@$!0)9$&!72!)$/?$!7.$'/!(23%7/1!:'9$!123!0%&!123/! .3)@0%&!&26!K.23:&!7.$/$!@$!0!&/0476!

') -.$%!123/!.3)@0%&!')!&$#:21$&A!&2!123!&')#:01!0!@:3$!)70/!@0%%$/6!"%1!27.$/!)'D%)! 7.07!123!0/$!0!)2:&'$/B)!8'4$6!

%) I.$!D2?$/%5$%7!/$($%7:1!:'47$&!7.$!@0%!2%!#.272D/0#.'%D!(0)9$7)!/$73/%'%D!4/25! 2?$/)$0)A!#/2?'&$&!7.07!7.$!405':1!.0)!(2%)$%7$&

) L2!123!4$$:!7.07!123/!.3)@0%&!/$($'?$)!7.$!/$(2D%'7'2%!7.07!.$!&$)$/?$)6!L2!123! /$($'?$!7.$!/$(2D%'7'2%!7.07!123!&$)$/?$6!

) L2!123!)$%)$!7.07!7.$!"5$/'(0%!#$2#:$!0##/$('07$!8.07!123!0%&!123/!.3)@0%&!&26!

"##$%&'($)! ! *,`! +O8) @16):;$=)3&:#().;()=1/4)./(<;$%)4#PF1::&((&1$#%Q)4#P#$0&(3#%B))

;) -$/$!7.2)$!&$(')'2%)!123!/$0(.$&!0)!0!(23#:$6!>286!!

<) L2!123!80%7!.'5!72!)701!'%!7.$!5':'70/16!!

') =4!%27!%28A!8.$%!823:&!123!80%7!.'5!72!:$0?$6!!-.$%!8'::!.$!0%&!123!.0?$!&2%$! a$%23D.B!42/!7.$!(23%7/16! %) -.07!(23:&!123!)$$!.'5!&2'%D!27.$/!7.0%!)$/?'%D!'%!7.$!5':'70/16!

O8)) G#:1?4;".&'()

;) \2E! K#23)$B)!\2E!!!!!!!!!!!!!!!K#23)$)B)!/0%9Z!$%:')7$&!!!%(2!!!80//0%7!!!244'($/!

X((3#07'2%! ! K#23)$B)! O27.$/B)! H07.$/B)!

P&3(07'2%! ! K#23)$B)! O27.$/B)H07.$/B)!

P7.%'('71!!!!!!!!!!!!!!!!!!!!!!>28!40/!&2!123!:'?$!4/25!7.$!%$0/$)7!5':'70/1!'%)70::07'2%6!

V$:'D'2%!

Y0/$%7)B!5':'70/1!)7073)!

\$0/!50//'$&!

) F1$'0/(&1$)

;) =)!7.$/$!0%17.'%D!123!823:&!:'9$!72!0&&6!

"%1!]3$)7'2%)!123!.0?$6!

"%1!(255$%7)!2%!7.$!]3$)7'2%)!=!0)9$&!^!7.$!82/&'%DA!'%7$%7A!$7(6!

<) >0?'%D!(25#:$7$&!7.$!'%7$/?'$8A!823:&!123!/$(255$%&!'7!72!0%27.$/!)#23)$6!-.1! 2/!8.1!%276!

N23:&!123!/$4$/!5$!72!27.$/!)#23)$)!7.07!=!(23:&!'%7$/?'$86!

!

!""#$%&*)++,)R;3.()12)#$0&(3:#$3);$%)'1::&((&1$!

I.$!82/&'%D)!24!7.$!(3//$%7!207.!24!$%:')75$%7!0%&!207.!42/!(255'))'2%$&!244'($/)!0/$!0)! 42::28)Z! "##$%&'($)! ! *,d! f=A!gggggA!&2!)2:$5%:1!)8$0/!b2/!044'/5c!7.07!=!8'::!)3##2/7!0%&!&$4$%&!7.$!N2%)7'737'2%!24!7.$! W%'7$&!K707$)!0D0'%)7!0::!$%$5'$)A!42/$'D%!0%&!&25$)7'(h!7.07!=!8'::!@$0/!7/3$!40'7.!0%&!0::$D'0%($! 72!7.$!)05$h!0%&!7.07!=!8'::!2@$1!7.$!2/&$/)!24!7.$!Y/$)'&$%7!24!7.$!W%'7$&!K707$)!0%&!7.$!2/&$/)! 24!7.$!244'($/)!0##2'%7$&!2?$/!5$A!0((2/&'%D!72!/$D3:07'2%)!0%&!7.$!W%'42/5!N2&$!24!O':'70/1! i3)7'($

=!05!0%!"5$/'(0%!K2:&'$/

=!05!0!-0//'2/!0%&!0!5$5@$/!24!0!7$05

=!8'::!0:801)!#:0($!7.$!5'))'2%!4'/)7<)

=!8'::!%$?$/!0(($#7!&$4$07<)

=!8'::!%$?$/!]3'7<)

=!8'::!%$?$/!:$0?$!0!40::$%!(25/0&$<)

=!05!&')('#:'%$&A!#.1)'(0::1!0%&!5$%70::1!723D.A!7/0'%$&!0%&!#/24'('$%7!'%!51!80//'2/!70)9)!0%&! &/'::)

=!05!0%!$F#$/7!0%&!=!05!0!#/24$))'2%0:

=!)70%&!/$0&1!72!&$#:21A!$%D0D$A!0%&!&$)7/21!7.$!$%$5'$)!24!7.$!W%'7$&!K707$)!24!"5$/'(0!'%! (:2)$!(25@07

=!05!0!D30/&'0%!24!4/$$&25!0%&!7.$!"5$/'(0%!801!24!:'4$

=!05!0%!"5$/'(0%!K2:&'$/

"##$%&'($)! ! *,e! .77#ZJJ888<0/51)73&1D3'&$<(25J(2%7$%7JY/$#gH2/gE0)'(gI/0'%'%DJY/$#g42/g@0)'(gD$%$/0:g' %42/507'2%J7.$m)2:&'$/)m(/$$&<).75:! ! !""#$%&*)+E,)S8-8)!4:=)C&2#)F4##%)

"37.2/!W%9%28%!

=!05!7.$!8'4$!24!0%!"5$/'(0%!K2:&'$/

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