# JEFFERIES LLC X-17A-5 (2021-01-29) — Broker-dealer annual report

- Company: JEFFERIES LLC
- Form: X-17A-5
- Filed: 2021-01-29
- Period: 2020-11-30
- Accession: 0000200403-21-000001
- CIK: 200403
- File #: 8-15074
- Material weakness: No
- Auditor: Deloitte & Touche LLP
- Auditor location: New York, NY
- Contact: Kevin Galvin
- Phone: 212-707-6304
- Website: deloitte.com
- Signed by: Matt Larson (Executive Vice President and Chief Financial Officer)

Original filing: https://www.sec.gov/Archives/edgar/data/200403/000020040321000001/jefferiesllcfy20public.pdf

---

{0}------------------------------------------------

### #\*"+\$\$

### +"&?

### '&+'\$",+,,%&,'"&&"\$'&","'& +'&'.%\* & "&(&&,-",'\*+P\*('\*,

9<54@EBCE1>DD?\*E<515E>45BD85 +53EB9D95CH381>753D?6 1>4\*57E<1D9?>7E>45BD85 ?==?49DIH381>753D 1C1(-\$"'-%&,

{1}------------------------------------------------

**Deloitte & Touche LLP**  30 Rockefeller Plaza New York, NY 10112-0015 USA

Tel: +1 212 492 4000 Fax: +1 212 489 1687 www.deloitte.com

## **REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Board of Directors and Member of Jefferies LLC:

## **Opinion on the Financial Statement**

We have audited the accompanying consolidated statement of financial condition of Jefferies LLC (the "Company") as of November 30, 2020, and the related notes (collectively referred to as the "financial statement"). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of November 30, 2020, in conformity with accounting principles generally accepted in the United States of America.

## **Basis for Opinion**

This financial statement is the responsibility of the Company's management. Our responsibility is to express an opinion on the Company's financial statement based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statement is free of material misstatement, whether due to error or fraud.

Our audit included performing procedures to assess the risks of material misstatement of the financial statement, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statement. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statement. We believe that our audit provides a reasonable basis for our opinion.

January 28, 2021

We have served as the Company's auditor since 2017.

{2}------------------------------------------------

| %%&%                                                                                                             |              |
|------------------------------------------------------------------------------------------------------------------|--------------|
| 1C81>431C85AE9F1<5>DC                                                                                            | <br><br><br> |
| 1C81>4C53EB9D95CC57B571D541>4?>45@?C9D6?BB57E<1D?BI@EB@?C5C?B<br>45@?C9D54G9D83<51B9>71>445@?C9D?BI?B71>9J1D9?>C | <br><br>     |
| 9>1>391<9>CDBE=5>DC?G>54<br>1D619BF1<E5<br>9>3<E49>7C53EB9D95C@<54754?6<br><br>                                  | <br><br><br> |
| +53EB9D95C2?BB?G54                                                                                               | <br><br><br> |
| +53EB9D95C@EB381C54E>45B17B55=5>DCD?B5C5<<                                                                       | <br><br><br> |
| *5359F12<5C                                                                                                      |              |
| B?;5BC<br>451<5BC1>43<51B9>7?B71>9J1D9?>C                                                                        | <br><br>     |
| ECD?=5BC                                                                                                         | <br><br><br> |
| 55C<br>9>D5B5CD1>4?D85B                                                                                          | <br><br>     |
| E56B?=1669<91D5C                                                                                                 | <br><br>     |
| (B5=9C5C1>45AE9@=5>D<br>>5D                                                                                      | <br><br>     |
| ??4G9<<                                                                                                          | <br><br><br> |
| 'D85B1CC5DC                                                                                                      | <br><br>     |
| ,?D1<1CC5DC                                                                                                      | <br><br><br> |
| &% \$H%#'&+                                                                                                      |              |
| \$""\$","+                                                                                                       |              |
| +8?BDD5B=2?BB?G9>7C                                                                                              | <br><br>     |
| 9>1>391<9>CDBE=5>DCC?<4<br>>?DI5D@EB381C54<br>1D619BF1<E5                                                        | <br><br><br> |
| +53EB9D95C<?1>54                                                                                                 | <br><br><br> |
| +53EB9D95CC?<4E>45B17B55=5>DCD?B5@EB381C5                                                                        | <br><br><br> |
| 'D85BC53EB5469>1>39>7C9>3<E45C<br>1D619BF1<E51>4<br>B5<1D54D?3?>C?<941D54<br>."C                                 | <br><br>     |
| (1I12<5C                                                                                                         |              |
| B?;5BC1>4451<5BC                                                                                                 | <br><br>     |
| ECD?=5BC                                                                                                         | <br><br><br> |
| E5D?(1B5>D1>41669<91D5C                                                                                          | <br><br>     |
| \$51C5<9129<9D95C                                                                                                | <br><br>     |
| 33BE545H@5>C5C1>4?D85B<9129<9D95C                                                                                | <br><br><br> |
| ,?D1<<9129<9D95C                                                                                                 | <br><br><br> |
| +E2?B49>1D54<9129<9D95C                                                                                          | <br><br><br> |
| %5=25BPC5AE9DI                                                                                                   | <br><br><br> |
|                                                                                                                  |              |

{3}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! !(\$**

### **!\$ ,&! %%!"\$% &&!**

**!=3-95E-?5:9-90@>591>>**M#5665B95C\$\$ND85?=@1>IO9C1G8?<<I?G>54CE2C9491BI?6#5665B95C B?E@\$\$D85-(1B5>D- G89389>DEB>9C1G8?<<I?G>54CE2C9491BI?6#5665B95C9>1>391< B?E@">3 N#5665B95CO ?BD85 N-<D9=1D5 (1B5>DO 1 49F5BC96954 8?<49>7 3?=@1>I9>3?B@?B1D549>D85 CD1D5 ?6 &5G 0?B;1>45>717549>1F1B95DI?62EC9>5CC5C,85?=@1>I9CB579CD5B54G9D8D85+53EB9D95C1>4H381>75 ?==9CC9?> N+O 1C 1 2B?;5B451<5B E>45BD85 +53EB9D95CH381>753D ?6 D85 N3DO 1>49C B579CD5B54 1C 1 EDEB5C ?==9CC9?> %5B381>D N%O G9D8 D85 ?==?49DI EDEB5C ,B149>7 ?==9CC9?> N,O ,85 ?=@1>I 9C 1 =5=25B ?6 D85 9>1>391< ">4ECDBI \*57E<1D?BI ED8?B9DI N"&\*O1>4D85&1D9?>1<EDEB5CCC?391D9?>N&O"&\*9CD8545C97>1D545H1=9>9>71ED8?B9DI 6?BD85?=@1>I1>4D85&9CD8545C97>1D54C5<6B57E<1D?BI?B71>9J1D9?>6?BD85?=@1>I1C1>%

,85?=@1>I?@5B1D5C1C1>9>CD9DED9?>1<C53EB9D95C2B?;5B451<5B1>4%1>49C=1>17541C1C9>7<5 B5@?BD12<5 2EC9>5CC C57=5>D ">F5CD=5>D 1>;9>7 1>4 1@9D1< %1B;5DC ,85 ">F5CD=5>D 1>;9>7 1>4 1@9D1<%1B;5DCB5@?BD12<52EC9>5CCC57=5>D@B?F945CC5F5B1<DI@5C?669>1>391<C5BF935C 9>3<E49>7C1<5C DB149>7 69>1>39>7 1>4=1B;5D=1;9>7 13D9F9D95C9> 5AE9DI 8978 I95<4 3?B@?B1D5 2?>4 =?BD7175213;54 1>4 1CC5D213;54 =E>939@1< 7?F5B>=5>D 1>4 175>3I 3?>F5BD92<5 1>4 9>D5B>1D9?>1< C53EB9D95C ,85 ">F5CD=5>D1>;9>71>41@9D1<%1B;5DC B5@?BD12<52EC9>5CCC57=5>D1<C?@B?F945C9>F5CD=5>D21>;9>7 C5BF935C3?=@B9C54?6C53EB9D95CE>45BGB9D9>71>449CDB92ED9?>1>4 69>1>391<14F9C?BIC5BF935C 9>3<E49>7 14F935?>=5B75BC1>413AE9C9D9?>C B531@9D1<9J1D9?>C1>4B5CDBE3DEB9>7C 1CG5<<1C6E>41=5>D1<B5C51B38 1>4@B9=52B?;5B175C5BF935C

**->5> :2 "=1>19?-?5:9**M ,85 133?=@1>I9>7 ?>C?<941D54 +D1D5=5>D ?6 9>1>391< ?>49D9?> 81C 255> @B5@1B54 9> 133?B41>35 G9D8 -+ 75>5B1<<I 1335@D54 133?E>D9>7 @B9>39@<5C N-+ (O ,85C5 @B9>39@<5C B5AE9B5 =1>175=5>D D? =1;5 1 >E=25B ?6 5CD9=1D5C 1>4 1CCE=@D9?>C D81D =1I 16653D D85 1=?E>DC B5@?BD54 9> D85 ?>C?<941D54 +D1D5=5>D ?6 9>1>391< ?>49D9?> 1>4 133?=@1>I9>7 >?D5C ,85 =?CD9=@?BD1>D?6D85C55CD9=1D5C1>41CCE=@D9?>CB5<1D5D?619BF1<E5=51CEB5=5>DC 3?=@5>C1D9?>1>4 25>569DC 7??4G9<<1>49>D1>792<51CC5DC D85129<9DID?B51<9J54565BB54D1H1CC5DC1>4D85B53?7>9D9?>1>4 =51CEB5=5>D?6E>35BD19>D1H@?C9D9?>C<D8?E78D85C51>4?D85B5CD9=1D5C1>41CCE=@D9?>C1B521C54?> D8525CD1F19<12<59>6?B=1D9?> 13DE1<B5CE<DC3?E<425=1D5B91<<I49665B5>D6B?=D85C55CD9=1D5C

**:9>:750-?5:9**M,85?=@1>I3?>C?<941D5C5>D9D95CD81D=55DD854569>9D9?>?61F1B912<59>D5B5CD5>D9DI N."O6?BG89389D9CD85@B9=1BI25>569391BI,85@B9=1BI25>569391BI9CD85@1BDIG8?81CD85@?G5BD? 49B53DD8513D9F9D95C?61."D81D=?CDC97>96931>D<I9=@13DD855>D9DIPC53?>?=93@5B6?B=1>351>4G8? 81C1> ?2<971D9?>D?12C?B2<?CC5C ?6D855>D9DI ?B1 B978DD? B5359F525>569DC 6B?=D855>D9DID81D3?E<4 @?D5>D91<<I25C97>96931>DD?D855>D9DI">C9DE1D9?>CG85B5D85?=@1>I81CC97>96931>D9>6<E5>35 2ED>?D 3?>DB?< ?61>5>D9DID81D4?5C>?DAE1<96I1C1." 9D1@@<95CD855AE9DI=5D8?4?6133?E>D9>7?B619BF1<E5 133?E>D9>7 @EBCE1>D D? D85 619B F1<E5 ?@D9?> 5<53D9?> E>45B -+ ( +55 &?D5 .1B912<5 ">D5B5CD >D9D95C 6?B6EBD85B49C3ECC9?>?>."C

<<=1D5B91<9>D5B3?=@1>I133?E>DC1>4DB1>C13D9?>C1B55<9=9>1D549>3?>C?<941D9?>

**%@.>1<@19? 1A19?>**M%1>175=5>D 81C 5F1<E1D54 5F5>DC 1>4DB1>C13D9?>CD81D ?33EBB54 CE2C5AE5>DD? &?F5=25B D8B?E78D8541D5D89C?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>G1C9CCE54"> #1>E1BI D85?=@1>IPC?1B4?69B53D?BC453<1B54131@9D1<49CDB92ED9?>?6=9<<9?> 6B?= D85 ?=@1>ID?9DC (1B5>D G8938 G1C @194 ?> #1>E1BI ,85 ?=@1>I 45D5B=9>54D81DD85B5 G5B5 >? ?D85B 5F5>DC ?B DB1>C13D9?>C 4EB9>7 CE38 @5B9?4 B5AE9B9>7 B53?7>9D9?> ?B 49C3<?CEB5 9> D85 ?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>

{4}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

#### **% &!' & "!%**

**->4<@5A-719?>**M1C85AE9F1<5>DC9>3<E458978<I<9AE949>F5CD=5>DC 9>3<E49>7=?>5I=1B;5D6E>4C 1>435BD96931D5C?645@?C9D >?D85<46?BB5C1<5G9D8?B979>1<=1DEB9D95C?6D8B55=?>D8C?B<5CC

**->4 -90 %1/@=5?51> %13=13-?10 -90 :9 1;:>5? 2:= \$13@7-?:=D "@=;:>1> := 1;:>5?10 )5?4 71-=593-901;:>5?:=D!=3-95E-?5:9>**M">133?B41>35G9D8\*E<53?6D85+53EB9D95CH381>75 3D D85 ?=@1>I 1C 1 2B?;5B451<5B 31BBI9>7 3<95>D 133?E>DC 9C CE2:53D D? B5AE9B5=5>DC B5<1D54 D? =19>D19>9>7 31C8 ?B AE1<96954 C53EB9D95C9> 1 C57B571D54 B5C5BF5 133?E>D 6?BD85 5H3<EC9F5 25>569D ?69DC 3<95>DC "> 1449D9?> 35BD19> 5H381>75 1>4
?B 3<51B9>7 ?B71>9J1D9?>C B5AE9B5 31C8 1>4
?B C53EB9D95CD? 25 45@?C9D542ID85?=@1>ID?3?>4E3D41ID?41I13D9F9D95C

**:=1539@==19/D&=-9>7-?5:9**MCC5DC1>4<9129<9D95C?6D85?=@1>IPC6?B597>2B1>3881F9>71>?> -+4?<<1B6E>3D9?>1<3EBB5>3I1B5DB1>C<1D541D5H381>75B1D5C1DD855>4?6D85I51B

**59-9/5-79>?=@819?>-90-5=(-7@1**M9>1>391<9>CDBE=5>DC?G>541>49>1>391<9>CDBE=5>DCC?<4 >?DI5D@EB381C541B5B53?B4541D619BF1<E5 59D85B1CB5AE9B542I133?E>D9>7@B?>?E>35=5>DC?BD8B?E78 D85619BF1<E5?@D9?>5<53D9?>,85C59>CDBE=5>DC@B9=1B9<IB5@B5C5>DD85?=@1>IPCDB149>713D9F9D95C1>4 9>3<E45 2?D8 31C8 1>4 45B9F1D9F5 @B?4E3DC ,85 619B F1<E5 ?6 169>1>391< 9>CDBE=5>D 9C D85 1=?E>D D81D G?E<425B5359F54D?C5<<1>1CC5D?B@194D?DB1>C65B1<9129<9DI9>1>?B45B<IDB1>C13D9?>25DG55>=1B;5D @1BD939@1>DC1DD85=51CEB5=5>D41D5D855H9D@B935

 *'!\*''.*"> 45D5B=9>9>7 619B F1<E5 D85?=@1>I=1H9=9J5CD85 EC5 ?6 ?2C5BF12<59>@EDC 1>4=9>9=9J5CD85EC5?6E>?2C5BF12<59>@EDC2IB5AE9B9>7D81D?2C5BF12<59>@EDC25EC54G85>1F19<12<5 '2C5BF12<59>@EDC1B59>@EDCD81D=1B;5D@1BD939@1>DCG?E<4EC59>@B939>7D851CC5D?B<9129<9DI21C54?> =1B;5D41D1?2D19>546B?=9>45@5>45>DC?EB35C->?2C5BF12<59>@EDCB56<53DD851CCE=@D9?>CD81D=1B;5D @1BD939@1>DCG?E<4EC59>@B939>7D851CC5D?B<9129<9DI45F5<?@5421C54?>D8525CD9>6?B=1D9?>1F19<12<59> D85 39B3E=CD1>35C ,85 ?=@1>I 1@@<95C 1 895B1B38ID? 31D57?B9J59DC 619B F1<E5 =51CEB5=5>DC 2B?;5> 4?G>9>D?D8B55<5F5<C21C54?>D85DB1>C@1B5>3I?69>@EDC1C6?<<?GC

\$5F5<M)E?D54@B935C1B51F19<12<59>13D9F5=1B;5DC 6?B945>D931<1CC5DC?B<9129<9D95C1DD85 B5@?BD5441D5.1<E1D9?>14:ECD=5>DC1>42<?3;49C3?E>DC1B5>?D1@@<954D?\$5F5<9>CDBE=5>DC

\$5F5<M(B939>79>@EDC?D85BD81>AE?D54@B935C9>13D9F5=1B;5DC G89381B559D85B49B53D<I?B 9>49B53D<I?2C5BF12<51DD85B5@?BD5441D5,85>1DEB5?6D85C569>1>391<9>CDBE=5>DC9>3<E4531C8 9>CDBE=5>DC 6?B G8938 AE?D54 @B935C 1B5 1F19<12<5 2ED DB1454 <5CC 6B5AE5>D<I 45B9F1D9F5 9>CDBE=5>DC 6?B G8938 619B F1<E5C 81F5 255> 45B9F54 EC9>7 =?45< 9>@EDC D81D 1B5 49B53D<I ?2C5BF12<5 9> D85 =1B;5D ?B 31> 25 45B9F54 @B9>39@1<<I 6B?= ?B 3?BB?2?B1D54 2I ?2C5BF12<5 =1B;5D41D1 1>49>CDBE=5>DCD81D1B5619BF1<E54EC9>7?D85B69>1>391<9>CDBE=5>DC D85@1B1=5D5BC ?6G893831>2549B53D<I?2C5BF54

\$5F5< M ">CDBE=5>DC D81D 81F5 <9DD<5 D? >? @B939>7 ?2C5BF129<9DI 1D D85 B5@?BD54 41D5 ,85C5 69>1>391< 9>CDBE=5>DC 1B5 =51CEB54 EC9>7 =1>175=5>DPC 25CD 5CD9=1D5 ?6 619B F1<E5 G85B5 D85 9>@EDC 9>D? D85 45D5B=9>1D9?> ?6 619B F1<E5 B5AE9B5 C97>96931>D =1>175=5>D :E47=5>D ?B 5CD9=1D9?>

5BD19> 69>1>391< 9>CDBE=5>DC 81F5 294 1>4 1C; @B935C D81D 31> 25 ?2C5BF54 9> D85 =1B;5D@<135 ?B 69>1>391<9>CDBE=5>DCG8?C59>@EDC1B521C54?>2941C;@B935C D85 69>1>391<9>CDBE=5>D9CF1<E541DD85 @?9>DG9D89>D852941C;B1>75D81D=55DCD85?=@1>IPC25CD5CD9=1D5?6619BF1<E5,85?=@1>IEC5C @B935C 1>4 9>@EDC D81D 1B5 3EBB5>D 1D D85 =51CEB5=5>D 41D5 ?B 69>1>391< 9>CDBE=5>DC D81D 4? >?D 81F5 B5149<I45D5B=9>12<5 619BF1<E5CEC9>7AE?D54=1B;5D@B935C D8545D5B=9>1D9?>?6 619BF1<E59C21C54?> D85 25CD 1F19<12<5 9>6?B=1D9?> D1;9>7 9>D? 133?E>D D85 DI@5C ?6 69>1>391< 9>CDBE=5>DC 3EBB5>D 69>1>391< 9>6?B=1D9?> B5CDB93D9?>C 96 1>I ?> 49C@?C9D9?>C 619B F1<E5C ?6 E>45B<I9>7 69>1>391< 9>CDBE=5>DC 1>4 AE?D1D9?>C6?BC9=9<1B9>CDBE=5>DC

{5}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

,85 F1<E1D9?> ?6 69>1>391< 9>CDBE=5>DC =1I 9>3<E45 D85 EC5 ?6 F1<E1D9?> =?45<C 1>4 ?D85B D538>9AE5C 4:ECD=5>DC D? F1<E1D9?>C 45B9F54 6B?= F1<E1D9?> =?45<C 1B5 @5B=9DD54 21C54 ?> =1>175=5>DPC :E47=5>D G8938D1;5C9>D?3?>C945B1D9?>D85651DEB5C?6D8569>1>391<9>CDBE=5>DCE381C9DC3?=@<5H9DI D85 =1B;5D 9> G8938 D85 69>1>391< 9>CDBE=5>D 9C DB1454 1>4 E>45B<I9>7 B9C; E>35BD19>D95C 12?ED =1B;5D 3?>49D9?>C4:ECD=5>DC 6B?=D85@B93545B9F54 6B?=1F1<E1D9?>=?45< B56<53D=1>175=5>DPC:E47=5>D D81D?D85B@1BD939@1>DC9>D85=1B;5D6?BD8569>1>391<9>CDBE=5>D259>7=51CEB541D619BF1<E5G?E<41<C? 3?>C945B9> F1<E9>7D81D C1=5 69>1>391<9>CDBE=5>D ,?D85 5HD5>DD81D F1<E1D9?>9C 21C54 ?> =?45<C ?B 9>@EDC D81D 1B5 <5CC ?2C5BF12<5 ?B E>?2C5BF12<5 9> D85 =1B;5D D85 45D5B=9>1D9?> ?6 619B F1<E5 B5AE9B5C =?B5:E47=5>D

,851F19<129<9DI?6?2C5BF12<59>@EDC31>F1BI1>49C16653D542I1G945F1B95DI?6613D?BC 9>3<E49>7 6?B 5H1=@<5 D85DI@5?669>1>391<9>CDBE=5>D1>4=1B;5D3?>49D9?>CCD85?2C5BF129<9DI?6@B935C1>49>@EDC =1I381>75 6?B1 69>1>391<9>CDBE=5>D 6B?= @5B9?4D? @5B9?4 D89C3?>49D9?>=1I31EC51DB1>C65B ?61> 9>CDBE=5>D1=?>7D85 619BF1<E5895B1B38I<5F5<C,85457B55?6:E47=5>D5H5B39C549>45D5B=9>9>7 619B F1<E59C7B51D5CD6?B9>CDBE=5>DC31D57?B9J54G9D89>\$5F5<

**\$1/15A-.71 2=:8 -90 "-D-.71 ?: @>?:81=>**M \*5359F12<5 6B?= 1>4 @1I12<5 D? 3ECD?=5BC 9>3<E45C 1=?E>DC B5359F12<5 1>4 @1I12<5 ?> 3ECD?=5BCP C53EB9DI 1>4 =1B79> DB1>C13D9?>C +53EB9D95C ?G>54 2I 3ECD?=5BC1>485<41C3?<<1D5B1< 6?BD85C5 B5359F12<5C1>41C=1B79> 6?BDB149>71B5>?D B56<53D549>D85 ?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>

**\$1/15A-.712=:8-90"-D-.71?:=:61=>1-71=>-9071-=593!=3-95E-?5:9>**M\*5359F12<5C6B?= 1>4@1I12<5CD?2B?;5BC 451<5BC1>43<51B9>7?B71>9J1D9?>C9>3<E4545@?C9DC?631C81>4
?BC53EB9D95CG9D8 5H381>75 3<51B9>7 ?B71>9J1D9?>C D? =55D =1B79> B5AE9B5=5>DC 1=?E>DC 4E5 D? ?B 6B?= 3<51B9>7 ?B71>9J1D9?>C 6?B 419<I F1B91D9?> C5DD<5=5>DC C53EB9D95C 619<54D?45<9F5B ?B B5359F5 B5359F12<5C 1>4 @1I12<5C 6?B 655C 1>4 3?==9CC9?>C 1>4 >5D B5359F12<5C ?B @1I12<5C 1B9C9>7 6B?= E>C5DD<54 C53EB9DI DB1>C13D9?>C

**%1/@=5?51>:==:B10-90%1/@=5?51>:-910**M+53EB9D95C2?BB?G541>4C53EB9D95C<?1>541B531BB9541D D851=?E>DC?631C83?<<1D5B1<14F1>3541>4B5359F549>3?>>53D9?>G9D8D85DB1>C13D9?>C1>4133?E>D54 6?B1C3?<<1D5B1<9J5469>1>39>7DB1>C13D9?>C">3?>>53D9?>G9D82?D8DB149>71>42B?;5B17513D9F9D95C D85 ?=@1>I2?BB?GCC53EB9D95CD?3?F5BC8?BDC1<5C1>4D?3?=@<5D5DB1>C13D9?>C9>G89383ECD?=5BC81F5 619<54 D? 45<9F5B C53EB9D95C 2I D85 B5AE9B54 C5DD<5=5>D 41D5 1>4 <5>4C C53EB9D95C D? ?D85B 2B?;5BC 1>4 451<5BC6?BC9=9<1B@EB@?C5C,85?=@1>I81C1>13D9F5C53EB9D95C2?BB?G541>4<5>49>7=1D38542??; 2EC9>5CC 9> G8938 9D 2?BB?GC C53EB9D95C 6B?= ?>5 @1BDI 1>4 <5>4C D85= D? 1>?D85B @1BDI /85> D85 ?=@1>I2?BB?GCC53EB9D95C 9D75>5B1<<I@B?F945C31C8D?D85<5>45B1C3?<<1D5B1< G89389C B56<53D549> D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>1C+53EB9D95C2?BB?G54+9=9<1B<I G85>D85?=@1>I <5>4CC53EB9D95CD?1>?D85B@1BDI D81D@1BDI@B?F945C31C8D?D85?=@1>I1C3?<<1D5B1< G89389CB56<53D54 9>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>1C+53EB9D95C<?1>54,859>9D91<3?<<1D5B1<14F1>354 ?B B5359F54 1@@B?H9=1D5C ?B 9C 7B51D5B D81> D85 619B F1<E5 ?6 D85 C53EB9D95C 2?BB?G54 ?B <?1>54 ,85 ?=@1>I =?>9D?BC D85 619B F1<E5 ?6 D85 C53EB9D95C 2?BB?G54 1>4 <?1>54 ?> 1 419<I 21C9C 1>4 B5AE5CDC 1449D9?>1<3?<<1D5B1<?BB5DEB>C5H35CC3?<<1D5B1< 1C1@@B?@B91D5

**%1/@=5?51> "@=/4->10 '901= 3=11819?> ?: \$1>177 -90 %1/@=5?51> %:70 '901= 3=11819?> ?: \$1;@=/4->1**M+53EB9D95C@EB381C54E>45B17B55=5>DCD?B5C5<<1>4+53EB9D95CC?<4E>45B17B55=5>DCD? B5@EB381C5 3?<<53D9F5<I NB5@?CO 1B5 133?E>D54 6?B 1C 3?<<1D5B1<9J54 69>1>39>7 DB1>C13D9?>C 1>4 1B5 B53?B4541DD859B3?>DB13D54B5C1<5?BB5@EB381C51=?E>D@<EC133BE549>D5B5CD\*5@?C1B5@B5C5>D549>D85 ?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>?>1>5D21C9C2I3?E>D5B@1BDI G85B5@5B=9DD542I-+ ( ,85 ?=@1>I =?>9D?BC D85 619B F1<E5 ?6 D85 E>45B<I9>7 C53EB9D95C 419<I F5BCEC D85 B5<1D54 B5359F12<5 ?B @1I12<5 21<1>35C +8?E<4 D85 619B F1<E5 ?6 D85 E>45B<I9>7 C53EB9D95C 453<9>5 ?B 9>3B51C5 1449D9?>1<3?<<1D5B1<9CB5AE5CD54?B5H35CC3?<<1D5B1<9CB5DEB>54 1C1@@B?@B91D5

{6}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

**!22>1??593:21=5A-?5A159-9/5-79>?=@819?>-90%1/@=5?51>59-9/5933=11819?>**M,?=1>175 D85 ?=@1>IPC 5H@?CEB5 D? 3B549D B9C; 1CC?391D54 G9D8 9DC 45B9F1D9F5 13D9F9D95C 1>4 C53EB9D95C 69>1>39>7 DB1>C13D9?>C D85?=@1>I=1I5>D5B9>D?">D5B>1D9?>1<+G1@C1>45B9F1D9F5CC?391D9?> ">3N"+O =1CD5B>5DD9>717B55=5>DC =1CD5BC53EB9D95C<5>49>717B55=5>DC =1CD5BB5@EB381C517B55=5>DC?BC9=9<1B 17B55=5>DC1>43?<<1D5B1<1BB1>75=5>DCG9D83?E>D5B@1BD95C=1CD5B17B55=5>D3B51D5C1C9>7<53?>DB13D E>45BG89381<<DB1>C13D9?>C25DG55>DG?3?E>D5B@1BD95C1B55H53ED541<<?G9>76?BDB145177B571D9?>1>41 C9>7<5 >5D @1I=5>D ?2<971D9?> %1CD5B 17B55=5>DC @B?F945 @B?D53D9?> 9> 21>;BE@D3I 9> 35BD19> 39B3E=CD1>35C 1>4 G85B5 <571<<I 5>6?B3512<5 5>12<5 B5359F12<5C 1>4 @1I12<5C G9D8 D85 C1=5 3?E>D5B@1BDID?25C5DD<54?B?D85BG9C55<9=9>1D542I1@@<I9>71=?E>DC4E51719>CD1<<?B1@?BD9?>?61> 1=?E>D4E56B?=D853?E>D5B@1BDI?B1D89B4@1BDI

->45BD85?=@1>IPC"+=1CD5B>5DD9>717B55=5>DC 9DDI@931<<I1<C?5H53ED5C3B549DCE@@?BD1>>5H5C G8938 @B?F945 6?B 3?<<1D5B1< 59D85B 9> D85 6?B= ?6 31C8 ?B C53EB9D95C D? 25 @?CD54 2I ?B @194 D? 1 3?E>D5B@1BDI 21C54 ?> D85 619B F1<E5 ?6 D85 45B9F1D9F5 B5359F12<5 ?B @1I12<5 21C54 ?> D85 B1D5C 1>4 @1B1=5D5BC5CD12<9C8549>D853B549DCE@@?BD1>>5H

"> D85 5F5>D ?6 D85 3?E>D5B@1BDIPC 4561E<D @B?F9C9?>C ?6 D85 =1CD5B 17B55=5>D @5B=9D 1335<5B1D9?> 1>4 D5B=9>1D9?>?61<<?EDCD1>49>7DB1>C13D9?>C3?F5B542ID8517B55=5>DCE38D81D1C9>7<51=?E>D9C?G54 2I ?BD? D85>?>4561E<D9>7@1BDI">1449D9?> 1>I3?<<1D5B1<@?CD5431>251@@<954D?D85>5D?2<971D9?>C G9D81>I5H35CCB5DEB>541>4D853?<<1D5B1<9J54@1BDI81C1B978DD?<9AE941D5D853?<<1D5B1<>IB5C94E1< 3<19=16D5B>5DD9>79CDB51D541<?>7G9D8?D85BE>C53EB543<19=C9>21>;BE@D3I3?EBD

,853?>49D9?>CCE@@?BD9>7D85<571<B978D?6?66C5D=1IF1BI6B?=?>5<571<:EB9C493D9?>D?1>?D85B1>4D85 5>6?B35129<9DI ?6 =1CD5B >5DD9>7 17B55=5>DC 1>4 21>;BE@D3I <1GC 9> 35BD19> 3?E>DB95C ?B 9> 35BD19> 9>4ECDB95C 9C >?D 6B55 6B?= 4?E2D ,85 B978D ?6 ?66C5D 9C 45@5>45>D 2?D8 ?> 3?>DB13D <1G E>45B D85 7?F5B>9>7 1BB1>75=5>D 1>4 3?>C9CD5>3I G9D8 D85 21>;BE@D3I <1GC ?6 D85 :EB9C493D9?> G85B5 D85 3?E>D5B@1BDI 9C <?31D54 ">4ECDBI <571< ?@9>9?>C G9D8 B5C@53D D? D85 5>6?B35129<9DI ?6 35BD19> CD1>41B4 @B?F9C9?>C9>B5C@53D9F5:EB9C493D9?>C1B5B5<954E@?>1C1@1BD?6=1>179>73B549DB9C;">31C5CG85B5D85 ?=@1>I81C>?D45D5B=9>541>17B55=5>DD?255>6?B3512<5 D85B5<1D541=?E>DC1B5>?D?66C5D%1CD5B >5DD9>7 17B55=5>DC 1B5 1 3B9D931< 3?=@?>5>D ?6 D85 ?=@1>IPC B9C; =1>175=5>D @B?35CC5C 1C @1BD ?6 B54E39>73?E>D5B@1BDI3B549DB9C;1>4=1>179>7<9AE949DIB9C;

,85?=@1>I9C 1<C? 1 @1BDID? 3<51B9>7 17B55=5>DC G9D8 F1B9?EC 35>DB1< 3<51B9>7 @1BD95C ->45BD85C5 1BB1>75=5>DC D8535>DB1<3<51B9>73?E>D5B@1BDI6139<9D1D5CC5DD<5=5>D25DG55>3?E>D5B@1BD95C21C54?>D85 >5D@1I12<5?G54?BB5359F12<54E51>4 G9D8B5C@53DD?419<IC5DD<5=5>D 31C89C75>5B1<<I?><IB5AE9B54 D? 25 45@?C9D54 D? D85 5HD5>D ?6 D85 >5D 1=?E>D "> D85 5F5>D ?6 4561E<D 1 >5D D5B=9>1D9?> 1=?E>D 9C 45D5B=9>54 21C54 ?> D85 =1B;5D F1<E5C ?6 1<< ?EDCD1>49>7 @?C9D9?>C 1>4 D85 3<51B9>7 ?B71>9J1D9?> ?B 3<51B9>7 =5=25B @B?F945C 6?B D85 <9AE941D9?> 1>4 C5DD<5=5>D ?6 D85 >5D D5B=9>1D9?> 1=?E>D 1=?>7 1<< 3?E>D5B@1BD95CD?D85?@5>3?>DB13DC?BDB1>C13D9?>C

\*565B D? &?D5 5B9F1D9F5 9>1>391< ">CDBE=5>DC 1>4 &?D5 ?<<1D5B1<9J54 ,B1>C13D9?>C 6?B 6EBD85B 9>6?B=1D9?>

**"=185>1> -90 <@5;819?** M (B5=9C5C 1>4 5AE9@=5>D 1B5 45@B5391D54 EC9>7 D85 CDB1978D<9>5 =5D8?4 ?F5B D85 5CD9=1D54 EC56E< <9F5C ?6 D85 B5<1D54 1CC5DC 75>5B1<<I D8B55 D? D5> I51BC \$51C58?<4 9=@B?F5=5>DC 1B5 1=?BD9J54 EC9>7 D85 CDB1978D<9>5 =5D8?4 ?F5B D85 D5B= ?6 D85 B5<1D54 <51C5C ?B D85 5CD9=1D54 EC56E< <9F5C ?6 D85 1CC5DC G89385F5B 9C C8?BD5B (B5=9C5C 1>4 5AE9@=5>D 9>3<E45C 9>D5B>1<<I 45F5<?@54C?6DG1B5,8531BBI9>7F1<E5C?69>D5B>1<<I45F5<?@54C?6DG1B5 B514I 6?B9DC9>D5>454EC51B5 45@B5391D54?F5BD85B5=19>9>7EC56E<<965

{7}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

D &?F5=25B 6EB>9DEB5 69HDEB5C 1>4 5AE9@=5>D 1=?E>D54 D?  =9<<9?> 1>4 <51C58?<4 9=@B?F5=5>DC 1=?E>D54 D?  =9<<9?> 33E=E<1D54 45@B5391D9?> 1>4 1=?BD9J1D9?> G1C  =9<<9?>1D&?F5=25B 

**1->1>** M ,85 ?=@1>I 14?@D54 D85 9>1>391< 33?E>D9>7 +D1>41B4C ?1B4 N+O 33?E>D9>7 +D1>41B4C-@41D5N+-O&? \$51C5CD85N>5G<51C5CD1>41B4O?>535=25B ,85C5 <51C5@?<93IE@41D5C1B51@@<954EC9>71=?496954B5DB?C@53D9F51@@B?138

?B<51C5CG9D81>?B979>1<D5B=<?>75BD81>?>5I51B <51C5<9129<9D95C1B59>9D91<<IB53?7>9J54?>D85<51C5 3?==5>35=5>D 41D5 21C54 ?> D85 @B5C5>D F1<E5 ?6 D85 6EDEB5 =9>9=E= <51C5 @1I=5>DC ?F5B D85 <51C5 D5B= 9>3<E49>7>?><51C53?=@?>5>DCCE381C69H543?==?>1B51=19>D5>1>353?CDC1>4?D85B69H543?CDC 6?B 75>5B1<<I1<<<51C5C3?BB5C@?>49>7 B978D?6EC5 N\*'-O1CC5D9C9>9D91<<I B53?7>9J545AE1<D?D85 <51C5<9129<9DI14:ECD546?B1>I<51C5@B5@1I=5>DC 9>9D91<49B53D3?CDC1>4<51C59>35>D9F5C,85\*'-1CC5DC 1B59>3<E4549> (B5=9C5C 1>4 5AE9@=5>D 1>4D85<51C5<9129<9D95C 1B59>3<E4549>\$51C5<9129<9D95C9>D85 ?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>

,8549C3?E>DB1D5CEC549>45D5B=9>9>7D85@B5C5>DF1<E5?6<51C5CB5@B5C5>DD85?=@1>IPC3?<<1D5B1<9J54 2?BB?G9>7B1D53?>C945B9>75138<51C5PCD5B=1>43EBB5>3I?6@1I=5>D,85<51C5D5B=9>3<E45C?@D9?>CD? 5HD5>4 ?BD5B=9>1D5D85<51C5G85>9D9C B51C?>12<I 35BD19>D81DD85?=@1>IG9<< 5H5B39C5D81D ?@D9?> 5BD19><51C5C81F5B5>5G1<?@D9?>CD81D31>255H5B39C541DD8549C3B5D9?>?6D85?=@1>I

\*565BD?4?@D5433?E>D9>7+D1>41B4C25<?G1>4&?D5 \$51C5C 6?B6EBD85B9>6?B=1D9?>

## **::0B577-909?-935.71>>1?>**

*\$\$,!!* M ??4G9<< B5@B5C5>DC D85 5H35CC 13AE9C9D9?> 3?CD ?F5B D85 619B F1<E5 ?6 >5D D1>792<5 1>4 9>D1>792<5 1CC5DC 13AE9B54 ??4G9<< 9C >?D 1=?BD9J54 1>4 9C CE2:53D D? 1>>E1< 9=@19B=5>D D5CD9>7 ?> E7ECDCD?B25DG55>1>>E1<D5CDC961>5F5>D?B381>759>39B3E=CD1>35?33EBCD81DG?E<4=?B5<9;5<I D81> >?D B54E35 D85 619B F1<E5 ?6 1 B5@?BD9>7 E>9D 25<?G 9DC 31BBI9>7 F1<E5 "> D5CD9>7 6?B 7??4G9<< 9=@19B=5>D D85 ?=@1>I 81C D85 ?@D9?> D? 69BCD 1CC5CC AE1<9D1D9F5 613D?BC D? 45D5B=9>5 G85D85B D85 5H9CD5>35 ?65F5>DC ?B39B3E=CD1>35C<514D?1 45D5B=9>1D9?>D81D9D9C=?B5<9;5<ID81> >?DD81DD85 619B F1<E5 ?6 1 B5@?BD9>7 E>9D 9C <5CC D81> 9DC 31BBI9>7 1=?E>D "6 16D5B 1CC5CC9>7 D85 D?D1<9DI ?6 5F5>DC 1>4 39B3E=CD1>35C D85?=@1>I3?>3<E45CD81D9D9C>?D=?B5<9;5<ID81>>?DD81DD85619BF1<E5?61B5@?BD9>7 E>9D9C<5CCD81>9DC31BBI9>71=?E>D D85>@5B6?B=9>7D85DG?CD5@9=@19B=5>DD5CD9C>?DB5AE9B54"69D9C 3?>3<E454 ?D85BG9C5 D85 ?=@1>I 9C B5AE9B54 D? @5B6?B= D85 DG?CD5@ 9=@19B=5>D D5CD ,85 7??4G9<< 9=@19B=5>DD5CD9C@5B6?B=542I3?=@1B9>7D855CD9=1D54 619BF1<E5?6D85?=@1>IG9D89DC B5C@53D9F5 31BBI9>7 F1<E5 "6D85 5CD9=1D54 619B F1<E5 5H3554CD85 31BBI9>7 F1<E5 7??4G9<<9C >?D9=@19B54 "6D85 5CD9=1D54619BF1<E59C<5CCD81>D8531BBI9>7F1<E5 6EBD85B1>1<IC9C9C>535CC1BID?45D5B=9>5D851=?E>D ?69=@19B=5>D 96 1>I 2I 3?=@1B9>7D859=@<954 619B F1<E5 ?6D85?=@1>IPC 7??4G9<<D?D85 31BBI9>7 F1<E5?6D85?=@1>IPC7??4G9<<

,85 619B F1<E5 ?6 D85 ?=@1>I 9C 21C54 ?> G945<I 1335@D54 F1<E1D9?> D538>9AE5C D81D D85 ?=@1>I 25<95F5C=1B;5D@1BD939@1>DCG?E<4EC5 1<D8?E78D85F1<E1D9?>@B?35CCB5AE9B5CC97>96931>D:E47=5>D1>4 ?6D5>9>F?<F5CD85EC5?6C97>96931>D5CD9=1D5C1>41CCE=@D9?>C,85=5D8?4?<?795CD85?=@1>IED9<9J5C 9>5CD9=1D9>7D85619BF1<E59>3<E45=1B;5DF1<E1D9?>=5D8?4CD81D9>3?B@?B1D5@B935D?51B>9>7C1>4@B935 D?2??;=E<D9@<5C?63?=@1B12<55H381>75DB14543?=@1>95C1>4=E<D9@<5C?6=5B75B1>413AE9C9D9?>C?6 C9=9<1B2EC9>5CC5C,855CD9=1D5C1>41CCE=@D9?>CEC549>45D5B=9>9>7619BF1<E53?E<481F51C97>96931>D 56653D?>G85D85B?B>?D1>9=@19B=5>D381B759CB53?B4541>4D85=17>9DE45?6CE381381B754F5BC5 =1B;5D?B53?>?=935F5>DC3?E<4B5CE<D9>9=@19B=5>D381B75C9>6EDEB5@5B9?4C

*#)#!(()(*M ">D1>792<51CC5DC 455=54D? 81F5 69>9D5<9F5C1B51=?BD9J54?>1 CDB1978D<9>5 21C9C ?F5BD859B5CD9=1D54EC56E<<9F5C G85B5D85EC56E<<9659CD85@5B9?4?F5BG8938D851CC5D9C5H@53D54D? 3?>DB92ED549B53D<I ?B9>49B53D<I D?D856EDEB531C86<?GC">D1>792<51CC5DC1B5B5F95G546?B9=@19B=5>D

{8}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

?> 1> 9>D5B9= 21C9C G85> 35BD19> 5F5>DC ?B 39B3E=CD1>35C 5H9CD ?B 1=?BD9J12<5 9>D1>792<5 1CC5DC 9=@19B=5>D 5H9CDC G85> D85 31BBI9>7 1=?E>D ?6 D85 9>D1>792<5 1CC5D 5H3554C 9DC 619B F1<E5 D <51CD 1>>E1<<I D85B5=19>9>7EC56E<<9659C5F1<E1D54

>9>D1>792<51CC5DG9D81>9>4569>9D5EC56E<<9659C>?D1=?BD9J542ED1CC5CC546?B9=@19B=5>D1>>E1<<I ?B =?B56B5AE5>D<I G85>5F5>DC?B381>75C9>39B3E=CD1>35C?33EB9>4931D9>7D81D9D9C=?B5<9;5<ID81>>?D D81DD859>4569>9D5<9F54 1CC5D9C9=@19B54 "=@19B=5>D 5H9CDCG85>D85 31BBI9>7 1=?E>D 5H3554C9DC 619B F1<E5">D5CD9>76?B9=@19B=5>D D85?=@1>I81CD85?@D9?>D?69BCD@5B6?B=1AE1<9D1D9F51CC5CC=5>DD? 45D5B=9>5G85D85B9D9C=?B5<9;5<ID81> >?DD81D1>9=@19B=5>D5H9CDC "69D9C 45D5B=9>54D81D9D9C >?D =?B5<9;5<ID81> >?DD81D 1>9=@19B=5>D 5H9CDC 1 AE1>D9D1D9F59=@19B=5>DD5CD9C >?D >535CC1BI "69D9C 3?>3<E454?D85BG9C5 D85?=@1>I9CB5AE9B54D?@5B6?B=1AE1>D9D1D9F59=@19B=5>DD5CD

">D1>792<51CC5DC1B59>3<E4549>'D85B1CC5DC9>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>,85 ?=@1>IPC1>>E1<9>4569>9D5<9F549>D1>792<51CC5D9=@19B=5>DD5CD9>741D59CE7ECDCD,?D855HD5>D1> 9=@19B=5>D<?CC9CB53?7>9J54 D85<?CC5CD12<9C85CD85>5G3?CD21C9C?6D851CC5DD81D9C1=?BD9J54?F5B D85B5=19>9>7EC56E<<965?6D81D1CC5D 961>I+E2C5AE5>DB5F5BC1<?69=@19B=5>D<?CC5C9C>?D@5B=9DD54

\*565BD?&?D5 ??4G9<<1>4">D1>792<5CC5DC 6?B6EBD85B9>6?B=1D9?>

**9/:81&-C1>**M,85?=@1>I9C1 C9>7<5=5=25B<9=9D54<9129<9DI3?=@1>IDB51D541C1 49CB571B454 5>D9DI6?B6545B1<1>4CD1D59>3?=5D1H@EB@?C5C,85?=@1>IPCB5CE<DC?6?@5B1D9?>C1B59>3<E4549>D85 3?>C?<941D54 545B1< 1>4 1@@<9312<5 CD1D5 9>3?=5 D1H B5DEB>C 69<54 2I D85 -<D9=1D5 (1B5>D =?E>DC @B?F94546?B9>3?=5D1H5C1B521C54?>9>3?=5B5@?BD546?B3?>C?<941D5469>1>391<CD1D5=5>D@EB@?C5C1>4 4?>?D>535CC1B9<IB5@B5C5>D1=?E>DC3EBB5>D<I@1I12<5

565BB54 D1H 1CC5DC 1>4 <9129<9D95C 1B5 B53?7>9J54 6?B D85 6EDEB5 D1H 3?>C5AE5>35C 1DDB92ED12<5 D? 49665B5>35C 25DG55> D85 3?>C?<941D54 69>1>391< CD1D5=5>D 31BBI9>7 1=?E>DC ?6 5H9CD9>7 1CC5DC 1>4 <9129<9D95C1>4D859BB5C@53D9F5D1H21C5C565BB54D1H1CC5DC1>4<9129<9D95C1B5=51CEB54EC9>75>13D54D1H B1D5C5H@53D54D?1@@<ID?D1H12<59>3?=59>D85I51BC9>G8938D8?C5D5=@?B1BI49665B5>35C1B55H@53D54 D?25B53?F5B54?BC5DD<54,85B51<9J1D9?>?64565BB54D1H1CC5DC9C1CC5CC541>41F1<E1D9?>1<<?G1>359C B53?B454D?D855HD5>DD81D9D9C=?B5<9;5<ID81>>?DD81D1>I@?BD9?>?6D854565BB54D1H1CC5DG9<<>?D25 B51<9J54

,85 ?=@1>I B53?B4C E>35BD19> D1H @?C9D9?>C EC9>7 1 DG?CD5@ @B?35CC 9 9D 45D5B=9>5C G85D85B 9D 9C =?B5<9;5<ID81> >?DD81DD85D1H @?C9D9?>CG9<< 25 CECD19>54 ?>D85 21C9C ?6D85D538>931<=5B9DC ?6D85 @?C9D9?> 1>4 99 6?B D8?C5 D1H @?C9D9?>C D81D =55D D85 =?B5<9;5<ID81>>?D B53?7>9D9?> D8B5C8?<4 9D B53?7>9J5C D85 <1B75CD 1=?E>D ?6 D1H 25>569D D81D 9C =?B5 D81> @5B35>D <9;5<I D? 25 B51<9J54 E@?> E<D9=1D5C5DD<5=5>DG9D8D85B5<1D54D1H1ED8?B9DI

**13-7\$1>1=A1>**M">D85>?B=1<3?EBC5?62EC9>5CC D85?=@1>I81C255>>1=54 6B?=D9=5D?D9=5 1C 1 4565>41>D9><571< 1>4 B57E<1D?BI @B?35549>7C ,85?=@1>I9C 1<C?9>F?<F54 6B?=D9=5D?D9=5 9> ?D85B 5H1=C 9>F5CD971D9?>C 1>4 C9=9<1B B5F95GC 2?D8 6?B=1< 1>4 9>6?B=1< 2I 7?F5B>=5>D1< 1>4 C5<6 B57E<1D?BI175>395CB571B49>79DC2EC9>5CC5C 35BD19>?6G8938=1IB5CE<D9>:E47=5>DC C5DD<5=5>DC 69>5C @5>1<D95C?B?D85B9>:E>3D9?>C

,85?=@1>IB53?7>9J5C1<9129<9DI6?B13?>D9>75>3I9>33BE545H@5>C5C1>4?D85B<9129<9D95CG85>9D9C @B?212<5 D81D 1 <9129<9DI 81C 255> 9>3EBB54 1>4 D85 1=?E>D ?6 <?CC 31> 25 B51C?>12<I 5CD9=1D54 "6 D85 B51C?>12<55CD9=1D5?61@B?212<5<?CC9C1 B1>75 D85?=@1>I133BE5CD85=?CD<9;5<I1=?E>D?6CE38 <?CC 1>496CE381=?E>D9C>?D45D5B=9>12<5 D85>D85?=@1>I133BE5CD85=9>9=E=9>D85B1>751CD85 <?CC 133BE1<,85 45D5B=9>1D9?> ?6D85 ?ED3?=5 1>4<?CC 5CD9=1D5C B5AE9B5C C97>96931>D:E47=5>D ?>D85 @1BD?6=1>175=5>D,85?=@1>I25<95F5CD81D1>I?D85B=1DD5BC6?BG89389D81C45D5B=9>541<?CCD? 25 @B?212<5 1>4 B51C?>12<I 5CD9=12<5 1B5 >?D =1D5B91< D? D85 ?>C?<941D54 +D1D5=5>D ?6 9>1>391< ?>49D9?>

{9}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

"> =1>I 9>CD1>35C 9D 9C >?D @?CC92<5 D? 45D5B=9>5 G85D85B 1>I<?CC 9C @B?212<5 ?B 5F5> @?CC92<5 ?B D? 5CD9=1D5 D85 1=?E>D ?6 1>I <?CC ?B D85 C9J5 ?6 1>I B1>75 ?6 <?CC %1>175=5>D 25<95F5C D81D 9> D85 177B571D5 D85 @5>49>7 <571< 13D9?>C ?B B57E<1D?BI @B?35549>7C 1>4 1>I ?D85B 5H1=C 9>F5CD971D9?>C ?B C9=9<1BB5F95GC2?D86?B=1<1>49>6?B=1<C8?E<4>?D81F51=1D5B91<14F5BC556653D?>D85?>C?<941D54 +D1D5=5>D?69>1>391<?>49D9?>">1449D9?> =1>175=5>D25<95F5CD81D1>I1=?E>D?6@?D5>D91<<?CC?B B1>75 ?6 @?D5>D91<<?CC9>5H35CC ?6G81D 81C 255> @B?F94549>D85?>C?<941D54+D1D5=5>D ?69>1>391< ?>49D9?>D81D3?E<425B51C?>12<I5CD9=1D549C>?D=1D5B91<

**%1/@=5?5E-?5:9/?5A5?51>**M,85?=@1>I5>7175C9>C53EB9D9J1D9?>13D9F9D95CB5<1D54D?=?BD7175213;54 1>4?D85B1CC5D213;54C53EB9D95C,B1>C65BC?669>1>391<1CC5DCD?C53EB546E>49>7F5893<5C1B5133?E>D54 6?B1CC1<5CG85>D85?=@1>I81C B5<9>AE9C8543?>DB?<?F5BD85DB1>C65BB541CC5DC,85?=@1>I=1I B5D19> 9>D5B5CDC 9> D85 C53EB9D9J54 69>1>391< 1CC5DC 1C ?>5 ?B =?B5 DB1>385C ?6 D85 C53EB9D9J1D9?> ,85C5 B5D19>549>D5B5CDC1B59>3<E4549>9>1>391<9>CDBE=5>DC?G>549>D85?>C?<941D54+D1D5=5>D?69>1>391< ?>49D9?>1D619BF1<E5

/85>1DB1>C65B?61CC5DC4?5C>?D=55DD853B9D5B91?61C1<5 D85?=@1>I133?E>DC6?BD85DB1>C65B1C1 C53EB542?BB?G9>71>43?>D9>E5CD?B53?7>9J5D851CC5DC?61C53EB542?BB?G9>79>9>1>391<9>CDBE=5>DC ?G>541>4B53?7>9J5CD851CC?391D5469>1>39>79>'D85BC53EB5469>1>39>7C9>D85?>C?<941D54+D1D5=5>D ?69>1>391<?>49D9?>

### **\$1/19?//:@9?5931A17:;819?>**

### *"'!&!&!\$%&""#&!'&'\$\$"%*

*#\$" -(* "> 535=25B D85 + 9CCE54 +- &? ">3?=5 ,1H5C ,?@93 +9=@<96I9>7D8533?E>D9>76?B">3?=5,1H5C,85?2:53D9F5?6D857E941>359CD?C9=@<96ID85133?E>D9>7 6?B9>3?=5D1H5C 2I B5=?F9>735BD19>5H35@D9?>CD?D85 75>5B1<@B9>39@<5C9>,?@93 1>4D? @B?F945 =?B5 3?>C9CD5>D 1@@<931D9?> D? 9=@B?F5 D85 3?=@1B129<9DI ?6 69>1>391< CD1D5=5>DC ,85 7E941>35 9C 56653D9F51C?6D852579>>9>7?669C31<,85?=@1>I9C3EBB5>D<I5F1<E1D9>7D859=@13D?6D85>5G 7E941>35?>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>

*\$#(\$!)\$#* "> '3D?25B D85 + 9CCE54 +- &? ?>C?<941D9?> ,1B75D54 "=@B?F5=5>DCD? \*5<1D54 (1BDI E941>35 6?B .1B912<5 ">D5B5CD >D9D95C ,85 7E941>35 B5AE9B5C9>49B53D 9>D5B5CDC85<4D8B?E78B5<1D54@1BD95CE>45B3?==?>3?>DB?<1BB1>75=5>DC253?>C945B54?>1@B?@?BD9?>1< 21C9C 6?B 45D5B=9>9>7G85D85B 655C @194D? 4539C9?>=1;5BC1>4C5BF935 @B?F945BC1B5 F1B912<59>D5B5CDC ,85?=@1>I14?@D54D857E941>351C?6D852579>>9>7?6 69C31<1>4D8514?@D9?>494>?D81F51 =1D5B91<9=@13D?>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>

*#)'#!(\$),'*">E7ECD D85+9CCE54+-&? ">D1>792<5CM ??4G9<<1>4 'D85BM ">D5B>1<-C5 +?6DG1B5ECD?=5BPC33?E>D9>7 6?B "=@<5=5>D1D9?>?CDC ">3EBB549> 1<?E4 ?=@ED9>7 BB1>75=5>D ,81D "C 1 +5BF935 ?>DB13D ,85 7E941>35 1=5>4C D85 4569>9D9?> ?6 1 8?CD9>7 1BB1>75=5>D1>4B5AE9B5CD81DD853ECD?=5B9>18?CD9>71BB1>75=5>DD81D9C1C5BF9353?>DB13D31@9D1<9J5 35BD19>9=@<5=5>D1D9?> 3?CDC 1C96D85 1BB1>75=5>DG1C 1>9>D5B>1<EC5 C?6DG1B5 @B?:53D,85?=@1>I 14?@D54D857E941>351C?6D852579>>9>7?669C31<1>45<53D54D?1@@<ID857E941>35@B?C@53D9F5<ID? 9=@<5=5>D1D9?>3?CDC9>3EBB5416D5BD8514?@D9?>41D5,8514?@D9?>494>?D81F51=1D5B91<9=@13D?>D85 ?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>?>D8514?@D9?>41D5

*##)!#(*">E7ECD D85+9CCE54+-&? ?=@5>C1D9?>M\*5D9B5=5>D 5>569DC M 569>54 5>569D (<1>C M 5>5B1< 9C3<?CEB5 B1=5G?B; M 81>75C D? D85 9C3<?CEB5 \*5AE9B5=5>DC6?B569>545>569D(<1>C,85?2:53D9F5?6D857E941>359CD?9=@B?F5D8556653D9F5>5CC?6 49C3<?CEB5 B5AE9B5=5>DC?>4569>5425>569D@5>C9?>@<1>C1>4?D85B@?CDB5D9B5=5>D@<1>C,85?=@1>I 14?@D54D857E941>351C?6D852579>>9>7?669C31<1>4D8514?@D9?>494>?D81F51=1D5B91<9=@13D ?>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>

{10}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

*\$\$,!!* "> #1>E1BI D85 + 9CCE54 +- &? +9=@<96I9>7 D85 ,5CD 6?B ??4G9<< "=@19B=5>D G8938C9=@<9695C7??4G9<<9=@19B=5>DD5CD9>7,85?=@1>I14?@D54D857E941>351C?6D85 2579>>9>7?669C31<1>4D8514?@D9?>494>?D81F51=1D5B91<9=@13D?>D85?>C?<941D54+D1D5=5>D ?69>1>391<?>49D9?>

 *##!
#()'\*"#)(1')\$(((*">#E>5 D85+9CCE54+-&? %51CEB5=5>D ?6B549D\$?CC5C?>9>1>391<">CDBE=5>DC,857E941>35@B?F945C6?B5CD9=1D9>73B549D<?CC5C?>69>1>391< 1CC5DC=51CEB541D1=?BD9J543?CD2I9>DB?4E39>71>1@@B?13821C54?>5H@53D54<?CC5C?F5BD8569>1>391< 1CC5DC5>D9B5<965 B53?B4541D9>35@D9?>?B@EB381C5,85?=@1>I14?@D54D85>5G3B549D<?CC7E941>35 ?> 535=25B 1>4 1@@<954 1 =?496954 B5DB?C@53D9F5 1@@B?138 D8B?E78 1 3E=E<1D9F556653D 14:ECD=5>DD? B5D19>5451B>9>7CE@?>14?@D9?>DDB1>C9D9?>?>535=25B D85>5G133?E>D9>7 7E941>35C 14?@D9?> B5CE<D54 9> 1 453B51C5 9> D85 @B?F9C9?> 6?B 3B549D <?CC5C ?6  =9<<9?> G9D8 1 3?BB5C@?>49>79>3B51C59> B5D19>5451B>9>7C?6=9<<9?> >5D?6D1H,85453B51C5G1C1DDB92ED12<5D? 1@@<I9>7 1 B5F9C54 @B?F9C9?>9>7 =5D8?4?<?7I 21C54 ?> 89CD?B931< <?CC 5H@5B95>35 6?B D85 ?=@1>IPC 9>F5CD=5>D21>;9>7655B5359F12<5C

,85 ?=@1>I 81C 45D5B=9>54 5H@53D54 3B549D <?CC5C D? 25 9==1D5B91< E@?> 14?@D9?> 6?B D85 ?D85B 69>1>391<9>CDBE=5>DCG9D89>D85C3?@5?6D857E941>35C97>96931>D@?BD9?>?6D8569>1>391<9>CDBE=5>DC G9D89> D85 C3?@5 ?6 D85 7E941>35 B5@B5C5>D C53EB54 69>1>39>7 B5359F12<5C B5F5BC5 B5@EB381C5 C53EB54 2?BB?G9>7 1>4=1B79><?1> 17B55=5>DCD81D 1B5 CE2CD1>D91<<I 3?<<1D5B1<9J54 ?BD85 C53EB54 69>1>39>7 B5359F12<5C D85 ?=@1>I 81C 3?>3<E454 D81D D85 9=@13D E@?> 14?@D9?> G1C 9==1D5B91< 2531EC5 D85 3?>DB13DE1<3?<<1D5B1<=19>D5>1>35@B?F9C9?>CB5AE9B5D81DD853?E>D5B@1BDI3?>D9>E1<<I14:ECDD851=?E>D ?63?<<1D5B1<9J1D9?>C53EB9>7D853B549D5H@?CEB5?>D85C53?>DB13DC?<<1D5B1<9J1D9?><5F5<C6?BD85C53EB54 69>1>39>7 B5359F12<5C 1B5 9>9D91<<I 5CD12<9C854 21C54 E@?> D85 3?E>D5B@1BDI D85 DI@5 ?6 1335@D12<5 3?<<1D5B1< D81D 9C =?>9D?B54 419<I 1>4 14:ECD54 D? =9D971D5 D85 @?D5>D91< ?6 1>I 3B549D <?CC5C ?B D85 B5=19>9>7 69>1>391< 9>CDBE=5>DC G9D89> D85 7E941>35C C3?@5 D85 5H@53D54 3B549D <?CC5C G5B5 1<C? 45D5B=9>54D?259==1D5B91<3?>C945B9>7D853?E>D5B@1BDIC3B549DAE1<9DI 1>9>C97>96931>D89CD?BI?63B549D <?CC5C ?BD85C8?BDD5B=>1DEB5?6D853B549D5H@?CEB5C

### *"#&"'!&!&!\$%*

*'# ) \$'"*"> %1B38 D85 + 9CCE54 +- &? \*565B5>35 \*1D5\*56?B= ,?@93139<9D1D9?>?6D856653DC?6\*565B5>35\*1D5\*56?B=?>9>1>391<\*5@?BD9>7,89C7E941>35 @B?F945C ?@D9?>1< 5H35@D9?>C 6?B 1@@<I9>7 -+ ( D? 3?>DB13DC 85475 133?E>D9>7 B5<1D9?>C89@C ?B ?D85BDB1>C13D9?>C16653D542IB565B5>35B1D5B56?B=,85?=@1>I14?@D54D857E941>35?>+5@D5=25B 1>4D8514?@D9?>814>?9=@13D?>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>

*((* ,85 ?=@1>I 14?@D54 D85 >5G <51C5 CD1>41B4 ?> 535=25B EC9>7 1 =?496954 B5DB?C@53D9F5DB1>C9D9?>1@@B?138,85?=@1>I5<53D54>?DD?B51CC5CCG85D85B5H9CD9>73?>DB13DC1B5?B 3?>D19> <51C5C ?B D85 <51C5 3<1CC96931D9?> 1>4 9>9D91< 49B53D 3?CDC ?6 5H9CD9>7 <51C5C E@?> DB1>C9D9?> D DB1>C9D9?> ?> 535=25B D85 14?@D9?> ?6 D89C CD1>41B4 B5CE<D54 9> D85 B53?7>9D9?> ?6 ?@5B1D9>7 \*'-1CC5DC?6=9<<9?>1>4?@5B1D9>7<51C5<9129<9D95C?6=9<<9?>B56<53D549>(B5=9C5C1>4 5AE9@=5>D 1>4 \$51C5 <9129<9D95C 9> D85 ?>C?<941D54 +D1D5=5>D ?6 9>1>391< ?>49D9?> B5C@53D9F5<I 9>1>35<51C5\*'-1CC5DC1>469>1>35<51C5<9129<9D95CG5B5>?D=1D5B91<1>41B5B56<53D549>(B5=9C5C1>4 5AE9@=5>D1>4\$51C5<9129<9D95C9>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?> B5C@53D9F5<I

{11}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

## **% %#'( &%**

9>1>391<1CC5DC3<1CC969541C31C81>431C85AE9F1<5>DCD81D1B5455=542ID85?=@1>IPC=1>175=5>DD? 2575>5B1<<IB5149<I3?>F5BD92<59>D?31C81D&?F5=25B 1B51C6?<<?GC9>D8?EC1>4C

| 1C89>21>;C                  | <br><br>     |
|-----------------------------|--------------|
| %?>5I=1B;5D9>F5CD=5>DC      | <br><br><br> |
| ,?D1<31C81>431C85AE9F1<5>DC | <br><br><br> |
| 1C81>4C53EB9D95CC57B571D54  | <br><br>     |

 ">3<E45C 45@?C9DC ?6  =9<<9?> D81D 1B5 C57B571D54 9> 133?B41>35 G9D8 \*E<5 3 ?6 D85 3D G8938 CE2:53DCD85?=@1>I 1C 1 2B?;5B451<5B 31BBI9>7 3ECD?=5B 133?E>DCD? B5AE9B5=5>DC B5<1D54D?=19>D19>9>7 31C8?BAE1<96954C53EB9D95C9>1C57B571D54B5C5BF5133?E>D6?BD855H3<EC9F525>569D?69DC3ECD?=5BC

{12}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

### **\$('%!%'\$%**

,856?<<?G9>79C1CE==1BI?6D85?=@1>IPC69>1>391<1CC5DC1>4<9129<9D95CD81D1B5133?E>D546?B1D619B F1<E5?>1B53EBB9>721C9C 5H3<E49>7">F5CD=5>DC1D619BF1<E521C54?>>5D1CC5DF1<E5N&.O?6 =9<<9?>1D&?F5=25B 2I<5F5<G9D89>D85619BF1<E5895B1B38I9>D8?EC1>4C

|                                                                                | \$5F5<   | \$5F5<   | \$5F5<   | ?E>D5B@1BDI1>4<br>1C8?<<1D5B1<<br>&5DD9>7 | ,?D1<    |
|--------------------------------------------------------------------------------|----------|----------|----------|-------------------------------------------|----------|
| >>1?>                                                                          |          |          |          |                                           |          |
| 9>1>391<9>CDBE=5>DC?G>54                                                       |          |          |          |                                           |          |
| ?B@?B1D55AE9DIC53EB9D95C                                                       | <br><br> | <br><br> | <br><br> | <br>M                                     | <br><br> |
| ?B@?B1D5452DC53EB9D95C                                                         | M        | <br><br> | <br><br> | <br>M                                     | <br><br> |
| 'C1>4\$'C                                                                      | <br>M    | <br><br> | <br><br> | <br>M                                     | <br><br> |
| -+7?F5B>=5>D1>46545B1<175>3I<br>C53EB9D95C                                   | <br><br> | <br><br> | <br>M    | <br>M                                     | <br><br> |
| %E>939@1<C53EB9D95C                                                            | <br>M    | <br><br> | <br>M    | <br>M                                     | <br><br> |
| +?F5B597>?2<971D9?>C                                                           | <br>     | <br><br> | <br>M    | <br>M                                     | <br><br> |
| *5C945>D91<=?BD7175213;54C53EB9D95C                                            | M        | <br><br> | <br><br> | <br>M                                     | <br><br> |
| ?==5B391<=?BD7175213;54C53EB9D95C                                              | <br>M    | <br><br> | <br><br> | <br>M                                     | <br><br> |
| 'D85B1CC5D213;54C53EB9D95C                                                     | <br>M    | <br><br> | <br>     | <br>M                                     | <br><br> |
| \$?1>C1>4?D85BB5359F12<5C                                                      | M        | <br>M    | <br><br> | <br>M                                     | <br><br> |
| 5B9F1D9F5C                                                                     | <br>     | <br><br> | <br>     | <br><br>                                  | <br>     |
| ">F5CD=5>DC1D619BF1<E5                                                         | <br>M    | <br>M    | <br><br> | <br>M                                     | <br><br> |
| ,?D1<69>1>391<9>CDBE=5>DC?G>54<br>5H3<E49>7">F5CD=5>DC1D619BF1<E5<br>21C54?>&. | <br><br> | <br><br> | <br><br> | <br><br>                                  | <br>     |
| 5-.575?51>                                                                     |          |          |          |                                           |          |
| 9>1>391<9>CDBE=5>DCC?<4<br>>?DI5D<br>@EB381C54                                 |          |          |          |                                           |          |
| ?B@?B1D55AE9DIC53EB9D95C                                                       | <br><br> | <br><br> | <br>M    | <br>M                                     | <br><br> |
| ?B@?B1D5452DC53EB9D95C                                                         | M        | <br><br> | <br>     | <br>M                                     | <br><br> |
| -+7?F5B>=5>D1>46545B1<175>3I<br>C53EB9D95C                                   | <br><br> | <br>M    | <br>M    | <br>M                                     | <br><br> |
| +?F5B597>?2<971D9?>C                                                           | M        | <br><br> | <br>M    | <br>M                                     | <br><br> |
| *5C945>D91<=?BD7175213;54C53EB9D95C                                            | M        | <br>     | <br>M    | <br>M                                     | <br>     |
| ?==5B391<=?BD7175213;54C53EB9D95C                                              | <br>M    | <br>M    | <br>     | <br>M                                     | <br>     |
| 5B9F1D9F5C                                                                     | <br>     | <br><br> | <br>     | <br><br>                                  | <br>     |
| ,?D1<69>1>391<9>CDBE=5>DCC?<4<br>>?DI5D@EB381C54                               | <br>     | <br><br> | <br>     | <br><br>                                  | <br>     |
| 'D85BC53EB5469>1>39>7C                                                         | M        | <br>M    | <br><br> | <br>M                                     | <br><br> |

 \*5@B5C5>DC3?E>D5B@1BDI1>431C83?<<1D5B1<>5DD9>713B?CCD85<5F5<C?6D85619BF1<E5895B1B38I6?B@?C9D9?>CG9D8D85C1=5 3?E>D5B@1BDI

{13}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

,856?<<?G9>79C145C3B9@D9?>?6D85F1<E1D9?>21C9C 9>3<E49>7F1<E1D9?>D538>9AE5C1>49>@EDC EC549> =51CEB9>7D85?=@1>IPC69>1>391<1CC5DC1>4<9129<9D95CD81D1B5133?E>D546?B1D619BF1<E5?>1B53EBB9>7 21C9C

### *\$'%\$') &\*).\*')(*

- K H381>75,B1454 AE9DI +53EB9D95C H381>75DB1454 5AE9DI C53EB9D95C 1B5 =51CEB54 21C54 ?> AE?D543<?C9>75H381>75 @B935C G89381B5 75>5B1<<I ?2D19>54 6B?=5HD5B>1< @B939>7 C5BF935C 1>4 1B5 31D57?B9J54 G9D89> \$5F5< ?6D85 619B F1<E5 895B1B38I ?D85BG9C5D85I 1B5 31D57?B9J54 G9D89> \$5F5< ?6 D85 619B F1<E5 895B1B38I ,? D85 5HD5>D D85C5 C53EB9D95C 1B5 13D9F5<I DB1454 F1<E1D9?> 14:ECD=5>DC1B5>?D1@@<954
- K &?>H381>75,B1454 AE9DI +53EB9D95C &?>5H381>75DB1454 5AE9DI C53EB9D95C 1B5 =51CEB54 @B9=1B9<IEC9>72B?;5BAE?D1D9?>C @B939>741D1 6B?=5HD5B>1<@B939>7C5BF935C1>4@B935C?2C5BF54 6B?= B535>D<I 5H53ED54 =1B;5D DB1>C13D9?>C 1>4 1B5 31D57?B9J54 G9D89> \$5F5< ?6 D85 619B F1<E5 895B1B38I /85B5 CE38 9>6?B=1D9?> 9C >?D 1F19<12<5 >?>5H381>75DB1454 5AE9DI C53EB9D95C 1B5 31D57?B9J54 G9D89> \$5F5< ?6 D85 619B F1<E5 895B1B38I 1>4 =51CEB54 EC9>7 F1<E1D9?> D538>9AE5C 9>F?<F9>7 AE?D54 @B935C ?6 ?B=1B;5D 41D1 6?B3?=@1B12<53?=@1>95C C9=9<1B3?=@1>I B1D9?C1>4 =E<D9@<5C @B935
1B>9>7C 256?B5 9>D5B5CD D1H5C 45@B5391D9?> 1>4 1=?BD9J1D9?> N",O @B935
2??;F1<E5 49C3?E>D5431C86<?G1>1<IC5C1>4DB1>C13D9?>@B935C?2C5BF546B?=CE2C5AE5>D 69>1>39>7?B31@9D1<9CCE1>352ID853?=@1>I/85>EC9>7@B939>741D1?63?=@1B12<53?=@1>95C :E47=5>D =ECD 25 1@@<954 D? 14:ECD D85 @B939>7 41D1 D? 133?E>D 6?B 49665B5>35C 25DG55> D85 =51CEB54 C53EB9DI 1>4D85 3?=@1B12<5 C53EB9DI 9CCE5B=1B;5D 31@9D1<9J1D9?> I95<4 49F945>4 B1D5 75?7B1@8931<3?>35>DB1D9?>
- K AE9DI/1BB1>DC&?>5H381>75DB14545AE9DIG1BB1>DC1B5=51CEB54@B9=1B9<IEC9>7@B939>741D1 6B?= 5HD5B>1< @B939>7 C5BF935C @B935C ?2C5BF54 6B?= B535>D<I 5H53ED54 =1B;5D DB1>C13D9?>C 1>4 2B?;5B AE?D1D9?>C 1>4 1B5 31D57?B9J54 G9D89> \$5F5< ?6 D85 619B F1<E5 895B1B38I /85B5 CE38 9>6?B=1D9?>9C>?D1F19<12<5 >?>5H381>75DB14545AE9DIG1BB1>DC1B575>5B1<<I31D57?B9J54G9D89> \$5F5<?6D85619BF1<E5895B1B38I1>41B5=51CEB54EC9>7D85<13;+38?<5C=?45<G9D8;5I9>@EDC 9=@13D9>7D85F1<E1D9?>9>3<E49>7D85E>45B<I9>7C53EB9DI@B935 9=@<954F?<1D9<9DI 49F945>4I95<4 9>D5B5CDB1D53EBF5 CDB9;5@B9351>4=1DEB9DI41D5

### *\$'%\$'))\*')(*

K ">F5CD=5>D B145 ?B@?B1D5 ?>4C ">F5CD=5>D 7B145 3?B@?B1D5 2?>4C 1B5 =51CEB54 @B9=1B9<I EC9>7 @B939>7 41D1 6B?= 5HD5B>1< @B939>7 C5BF935C 1>4 2B?;5B AE?D1D9?>C G85B5 1F19<12<5 @B935C ?2C5BF54 6B?= B535>D<I 5H53ED54 =1B;5D DB1>C13D9?>C 1>4 2?>4 C@B514C ?B 3B549D 4561E<D CG1@ C@B514C ?6D859CCE5B 14:ECD54 6?B 21C9C 49665B5>35C 25DG55>D85 CG1@ 3EBF5 1>4D85 2?>4 3EBF5 ">F5CD=5>D7B1453?B@?B1D52?>4C=51CEB54EC9>7D85C5F1<E1D9?>=5D8?4C1B531D57?B9J54G9D89> \$5F5< ?6D85 619B F1<E5 895B1B38I "6 2B?;5B AE?D5C @B939>741D1 ?B C@B514 41D19C >?D1F19<12<5 1<D5B>1D9F5 F1<E1D9?> D538>9AE5C 1B5 EC54 9>3<E49>7 31C8 6<?G =?45<C 9>3?B@?B1D9>7 9>D5B5CD B1D5 3EBF5C C9>7<5 >1=5 ?B9>45H3B549D 4561E<D CG1@3EBF5C 6?B3?=@1B12<59CCE5BC1>4 B53?F5BI B1D5 1CCE=@D9?>C">F5CD=5>D7B1453?B@?B1D52?>4C=51CEB54EC9>71<D5B>1D9F5F1<E1D9?>D538>9AE5C1B5 31D57?B9J54G9D89>\$5F5<?B\$5F5<?6D85 619BF1<E5895B1B38I1>41B51<9=9D54@?BD9?>?6D85 ?=@1>IPC9>F5CD=5>D7B1453?B@?B1D52?>4C

{14}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

K !978095<4?B@?B1D51>4?>F5BD92<5?>4C C97>96931>D @?BD9?> ?6D85?=@1>IPC 8978 I95<4 3?B@?B1D51>43?>F5BD92<52?>4C1B531D57?B9J54G9D89>\$5F5<?6D85619BF1<E5895B1B38I1>41B5 =51CEB54@B9=1B9<IEC9>72B?;5BAE?D1D9?>C1>4@B939>741D16B?=5HD5B>1<@B939>7C5BF935C G85B5 1F19<12<5 1>4 @B935C ?2C5BF54 6B?= B535>D<I 5H53ED54 =1B;5D DB1>C13D9?>C ?6 9>CD9DED9?>1< C9J5 /85B5 @B939>7 41D19C<5CC ?2C5BF12<5 F1<E1D9?>C1B531D57?B9J54G9D89>\$5F5< ?6D85 619B F1<E5 895B1B38I1>41B521C54?>@5>49>7DB1>C13D9?>C9>F?<F9>7D859CCE5B?B3?=@1B12<59CCE5BC @B935C 9=@<954 6B?= 1>9CCE5BPC CE2C5AE5>D 69>1>39>7 ?B B531@9D1<9J1D9?> =?45<C9>3?B@?B1D9>7 69>1>391< B1D9?C1>4@B?:53D5431C86<?GC?6D859CCE5B1>4=1B;5D@B935C6?B3?=@1B12<59CCE5BC

### *\$!!)'!/)!)\$#(#\$!!)'!/\$#!)\$#(*

?<<1D5B1<9J54 452D ?2<971D9?>C N'CO 1>4 3?<<1D5B1<9J54 <?1> ?2<971D9?>C N\$'CO 1B5 =51CEB54 21C54 ?> @B935C ?2C5BF54 6B?= B535>D<I5H53ED54=1B;5DDB1>C13D9?>C ?6D85 C1=5 ?B C9=9<1B C53EB9DI ?B 21C54?>F1<E1D9?>CB5359F546B?=D89B4@1BDI2B?;5BC?B41D1@B?F945BC1>41B531D57?B9J54G9D89>\$5F5< ?B\$5F5< ?6D85 619B F1<E5 895B1B38I 45@5>49>7 ?>D85 ?2C5BF129<9DI 1>4 C97>96931>35 ?6D85 @B939>7 9>@EDC.1<E1D9?>D81D9C21C54?>B535>D<I5H53ED54=1B;5DDB1>C13D9?>C?6C9=9<1BC53EB9D95C9>3?B@?B1D5C 1449D9?>1<B5F95G1>41>1<IC9C?6@B939>79>@EDC1>43?=@1B129<9DI3B9D5B91 9>3<E49>7 2ED>?D<9=9D54D? 3?<<1D5B1<DI@5 DB1>385DI@5 B1D9>7 ?B979>1D9?>I51B @B5@1I=5>DB1D5C 4561E<DB1D5C1>4<?CCC5F5B9DI

### *\$+'#"#)# '!#.\*')(*

- K -+ ,B51CEBI +53EB9D95C -+ ,B51CEBI C53EB9D95C 1B5 =51CEB54 21C54 ?> AE?D54 =1B;5D @B935C ?2D19>546B?=5HD5B>1<@B939>7C5BF935C1>431D57?B9J54G9D89>\$5F5<?6D85619BF1<E5895B1B38I
- K -+75>3I52D+53EB9D95C1<<12<51>4>?>31<<12<5-+175>3I452D C53EB9D95C1B5=51CEB54 @B9=1B9<I21C54?>AE?D54=1B;5D@B935C?2D19>546B?=5HD5B>1<@B939>7C5BF935C1>41B575>5B1<<I 31D57?B9J54G9D89>\$5F5<?B\$5F5<?6D85619BF1<E5895B1B38I

### *\*#%!\*')(*

%E>939@1<C53EB9D95C1B5=51CEB5421C54?>AE?D54@B935C?2D19>546B?=5HD5B>1<@B939>7C5BF935C1>41B5 75>5B1<<I31D57?B9J54G9D89>\$5F5<?6D85619BF1<E5895B1B38I

### *\$+'#!)\$#(*

+?F5B597> 7?F5B>=5>D ?2<971D9?>C 1B5=51CEB54 21C54 ?> AE?D54=1B;5D @B935C ?2D19>54 6B?= 5HD5B>1< @B939>7 C5BF935C G85B5 1F19<12<5 ?B B535>D<I 5H53ED54 9>45@5>45>D DB1>C13D9?>C ?6 3?=@1B12<5 C9J5 +?F5B597> 7?F5B>=5>D ?2<971D9?>C G9D8 3?>C945B1D9?> 79F5> D? D85 3?E>DBI ?6 9CCE1>35 1B5 75>5B1<<I 31D57?B9J54G9D89>\$5F5<?6D85619BF1<E5895B1B38I

### *(#)!\$') \*')(*

K 75>3I \*5C945>D91< %?BD717513;54 +53EB9D95C N\*%+O 75>3I \*%+ 9>3<E45 =?BD7175 @1CCD8B?E78 C53EB9D95C 69H54 1>4 14:ECD12<5 B1D5 3?<<1D5B1<9J54 =?BD7175 ?2<971D9?>C 1>4 @B9>39@1<?><I 1>4 9>D5B5CD?><I 9>3<E49>7 9>F5BC5 9>D5B5CD?><I C53EB9D95C 75>3I \*%+ 1B5 75>5B1<<I =51CEB54 EC9>7 B535>D DB1>C13D9?>C @B939>7 41D1 6B?= 5HD5B>1< @B939>7 C5BF935C ?B 5H@53D54 6EDEB5 31C8 6<?G D538>9AE5C D81D 9>3?B@?B1D5 @B5@1I=5>D =?45<C 1>4 ?D85B @B5@1I=5>D 1CCE=@D9?>CD?1=?BD9J5D85E>45B<I9>7=?BD7175<?1>3?<<1D5B1<1>41B531D57?B9J54G9D89>\$5F5< ?B\$5F5<?6D85619BF1<E5895B1B38I,85?=@1>IEC5C@B935C?2C5BF546B?=B535>D<I5H53ED54 DB1>C13D9?>CD?45F5<?@=1B;5D3<51B9>7C@B5141>4I95<43EBF51CCE=@D9?>C.1<E1D9?>9>@EDCG9D8 B571B4D?D85 E>45B<I9>7 3?<<1D5B1<9>3?B@?B1D5 613D?BC CE38 1CG5978D54 1F5B175 3?E@?> <?1>D? F1<E5 3B549DC3?B5C 75?7B1@893<?31D9?> =1H9=E=1>41F5B175<?1>C9J5 ?B979>1D?B C5BF935B1>4 G5978D541F5B175<?1>175

{15}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

K &?>75>3I\*%+,85619BF1<E5?6>?>175>3I\*%+9C45D5B=9>54@B9=1B9<IEC9>749C3?E>D54 31C86<?G=5D8?4?<?795C1>4C53EB9D95C1B531D57?B9J54G9D89>\$5F5<?B\$5F5<?6D85619BF1<E5 895B1B38I 21C54 ?> D85 ?2C5BF129<9DI 1>4 C97>96931>35 ?6 D85 @B939>7 9>@EDC EC54 (5B6?B=1>35 1DDB92ED5C ?6 D85 E>45B<I9>7 =?BD7175 <?1>C 1B5 5F1<E1D54 D? 5CD9=1D5 @B939>7 9>@EDC CE38 1C @B5@1I=5>D B1D5C 4561E<D B1D5C 1>4 D85 C5F5B9DI ?6 3B549D <?CC5C DDB92ED5C ?6 D85 E>45B<I9>7 =?BD7175 <?1>C D81D 16653D D85 @B939>7 9>@EDC 9>3<E45 2ED 1B5 >?D <9=9D54 D? G5978D54 1F5B175 3?E@?> 1F5B175 1>4 =1H9=E= <?1> C9J5 <?1>D?F1<E5 3B549D C3?B5C 4?3E=5>D1D9?> DI@5 75?7B1@893<?31D9?>G5978D541F5B175<?1>175?B979>1D?BC5BF935B89CD?B931<@B5@1I=5>D 4561E<D 1>4<?CCC5F5B9DI5H@5B95>35?6D85=?BD7175<?1>@??<1>445<9>AE5>3IB1D5095<43EBF5CEC549> D8549C3?E>D5431C86<?G=?45<C1B521C54?>?2C5BF54=1B;5D@B935C6?B3?=@1B12<5C53EB9D95C1>4 @E2<9C8549>D5B5CD B1D541D1D?5CD9=1D5=1B;5DI95<4C ">1449D9?> 2B?;5BAE?D5C G85B51F19<12<5 1B51<C?B565B5>354D?3?=@1B5@B935C@B9=1B9<I?>9>D5B5CD?><IC53EB9D95C

*\$""'!\$') \*')(*

- K 75>3I ?==5B391< %?BD717513;54 +53EB9D95C N%+O ?F5B>=5>D &1D9?>1< %?BD7175 CC?391D9?> N &%O @B?:53D<?1> 2?>4C 1B5 =51CEB54 21C54 ?>9>@EDC 3?BB?2?B1D54 6B?= 1>4 25>38=1B;54 D? ?2C5BF54 @B935C ?6 B535>D C53EB9D9J1D9?> DB1>C13D9?>C ?6 C9=9<1B C53EB9D95C G9D8 14:ECD=5>DC9>3?B@?B1D9>7 1> 5F1<E1D9?> ?6 F1B9?EC 613D?BC 9>3<E49>7 @B5@1I=5>D C@554C 4561E<D B1D5C 1>4 31C8 6<?G CDBE3DEB5C 1C G5<< 1C D85 <9;5<98??4 ?6 @B939>7 <5F5<C 9> D85 3EBB5>D =1B;5D 5>F9B?>=5>D 545B1< &1D9?>1< %?BD7175 CC?391D9?> N&%O 5<571D54 ->45BGB9D9>7 1>4 +5BF939>7 N-+O =?BD7175213;54 C53EB9D95C 1B5 75>5B1<<I =51CEB54 2I EC9>7 @B935C ?2C5BF54 6B?= B535>D<I5H53ED54=1B;5DDB1>C13D9?>CD?5CD9=1D5=1B;5D3<51B9>7C@B514<5F5<C 6?B@EB@?C5C ?65CD9=1D9>7 619B F1<E5 &% @B?:53D<?1> 2?>4C1>4&%-+=?BD7175213;54 C53EB9D95C 1B531D57?B9J54G9D89>\$5F5<?6D85619BF1<E5895B1B38I
- K &?>75>3I%+&?>175>3I%+1B5=51CEB54 EC9>7 @B939>7 41D1 ?2D19>54 6B?=5HD5B>1< @B939>7C5BF935C @B935C?2C5BF546B?=B535>D<I5H53ED54=1B;5DDB1>C13D9?>C?B21C54?>5H@53D54 31C86<?G=?45<CD81D9>3?B@?B1D5E>45B<I9>7<?1>3?<<1D5B1<381B13D5B9CD93C1>4@5B6?B=1>35&?> 75>3I%+1B531D57?B9J54G9D89>\$5F5<?B\$5F5<?6D85619BF1<E5895B1B38I45@5>49>7?> D85?2C5BF129<9DI?6D85E>45B<I9>79>@EDC

### *)'(() \*')(*

'D85B 1CC5D213;54 C53EB9D95C N+O 9>3<E45 2ED 1B5 >?D <9=9D54 D? C53EB9D95C 213;54 2I 1ED? <?1>C 3B549D31B4 B5359F12<5C CDE45>D<?1>C1>4 ?D85B3?>CE=5B<?1>C1>41B531D57?B9J54G9D89> \$5F5< ?B\$5F5< ?6D85 619B F1<E5 895B1B38I.1<E1D9?>C1B5@B9=1B9<I 45D5B=9>54 EC9>7 @B939>7 41D1 ?2D19>54 6B?= 5HD5B>1< @B939>7 C5BF935C 2B?;5B AE?D5C 1>4 @B935C ?2C5BF54 6B?= B535>D<I 5H53ED54 =1B;5D DB1>C13D9?>C "> 1449D9?> B535>D DB1>C13D9?> 41D1 6B?= 3?=@1B12<5 451<C 9C 45@<?I54D?45F5<?@=1B;5D3<51B9>7I95<4C1>43E=E<1D9F5<?CC1CCE=@D9?>C,853E=E<1D9F5<?CC 1CCE=@D9?>C1B521C54?>D851>1<IC9C?6D85E>45B<I9>73?<<1D5B1<1>43?=@1B9C?>CD?51B<95B451<C 6B?=D85C1=59CCE5BD?71E75D85B5<1D9F5@5B6?B=1>35?6D85451<

### *\$#(#)'+!(*

*0* ?B@?B1D5 \$?1>C ?B@?B1D5 <?1>C 31D57?B9J54 G9D89> \$5F5< ?6 D85 619B F1<E5 895B1B38I 1B5 =51CEB5421C54?>@B935AE?D1D9?>CD81D1B53?>C945B54D?25<5CCDB1>C@1B5>D =1B;5D@B935C6?B452D C53EB9D95C ?6 D85 C1=5 3B549D?B 1>4 5CD9=1D5C ?6 6EDEB5 31C8 6<?GC 9>3?B@?B1D9>7 1CCE=@D9?>C B571B49>73B549D?B4561E<D1>4B53?F5BIB1D5C1>43?>C945B1D9?>?6D859CCE5BPC31@9D1<CDBE3DEB5

{16}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

*'+)+(*

- K \$9CD545B9F1D9F5?>DB13DC\$9CD5445B9F1D9F53?>DB13DCD81D1B513D9F5<IDB14541B5=51CEB5421C54 ?> AE?D54 5H381>75 @B935C 2B?;5B AE?D5C ?B F1>9<<1 ?@D9?> F1<E1D9?> =?45<C CE38 1C <13; +38?<5C EC9>7?2C5BF12<5F1<E1D9?>9>@EDC6B?=D85@B9>39@1<=1B;5D?B3?>C5>CEC@B939>7C5BF935C H381>75AE?D5C1>4
?BF1<E1D9?>9>@EDC1B575>5B1<<I?2D19>546B?=5HD5B>1<F5>4?BC1>4@B939>7 C5BF935C B?;5B AE?D5C 1B5 F1<941D54 49B53D<I D8B?E78 ?2C5BF12<5 1>4 DB14512<5 AE?D5C \$9CD54 45B9F1D9F5 3?>DB13DC D81D EC5 E>14:ECD54 5H381>75 3<?C5 @B935C 1B5 75>5B1<<I 31D57?B9J54 G9D89> \$5F5< ?6D85 619B F1<E5 895B1B38I<< ?D85B<9CD54 45B9F1D9F53?>DB13DC1B5 75>5B1<<I31D57?B9J54 G9D89>\$5F5<?6D85619BF1<E5895B1B38I
- K 'F5BD85?E>D5B N',O 5B9F1D9F5 ?>DB13DC ', 45B9F1D9F5 3?>DB13DC 1B5 75>5B1<<I F1<E54 EC9>7 =?45<C G8?C5 9>@EDC B56<53D 1CCE=@D9?>C D81D D85 ?=@1>I 25<95F5C =1B;5D @1BD939@1>DC G?E<4EC59>F1<E9>7D8545B9F1D9F59>13EBB5>DDB1>C13D9?>/85B51F19<12<5 F1<E1D9?>9>@EDC1B5 31<92B1D546B?=?2C5BF12<5=1B;5D41D1?B=1>I',45B9F1D9F53?>DB13DC D85F1<E1D9?>=?45<C 4?>?D9>F?<F5=1D5B91<CE2:53D9F9DI1CD85=5D8?4?<?795C4?>?D5>D19<C97>96931>D:E47=5>D1>4D85 9>@EDC D? F1<E1D9?> =?45<C 4? >?D 9>F?<F5 1 8978 457B55 ?6 CE2:53D9F9DI 1C D85 F1<E1D9?> =?45< 9>@EDC 1B5 B5149<I ?2C5BF12<5 ?B 31> 25 45B9F54 6B?= 13D9F5<I AE?D54 =1B;5DC ', 45B9F1D9F5 3?>DB13DC1B5@B9=1B9<I31D57?B9J54G9D89>\$5F5<?6D85619BF1<E5895B1B38I79F5>D85?2C5BF129<9DI 1>4C97>96931>35?6D859>@EDCD?D85F1<E1D9?>=?45<C/85B5C97>96931>D9>@EDCD?D85F1<E1D9?>1B5 E>?2C5BF12<5 45B9F1D9F59>CDBE=5>DC1B531D57?B9J54G9D89>\$5F5<?6D85619BF1<E5895B1B38I

', ?@D9?>C 9>3<E45 ', 5AE9DI 6?B597> 5H381>75 1>4 9>D5B5CD B1D5 ?@D9?>C =51CEB54 EC9>7 F1B9?ECF1<E1D9?>=?45<C CE381C<13;+38?<5C G9D8;5I9>@EDC9>3<E49>7D85E>45B<I9>7C53EB9DI @B935 6?B597> 5H381>75 C@?D B1D5 9=@<954 F?<1D9<9DI 9>D5B5CD B1D5 3EBF5 CDB9;5 @B935 1>4=1DEB9DI 41D5 9C3?E>D54 31C8 6<?G =?45<C 1B5 ED9<9J54 D? =51CEB5 35BD19> ', 45B9F1D9F5 3?>DB13DC 9>3<E49>7D85F1<E1D9?>C?6D85?=@1>IPC9>D5B5CDB1D5CG1@C G89389>3?B@?B1D5?2C5BF12<59>@EDC B5<1D54D?9>D5B5CDB1D53EBF5C 1>4F1<E1D9?>C?6D85?=@1>IPC6?B597>5H381>756?BG1B4C G8938 9>3?B@?B1D5?2C5BF12<59>@EDCB5<1D54D?6?B597>3EBB5>3IC@?DB1D5C1>46?BG1B43EBF5C

#### *#+()"#)() '!\**

">F5CD=5>DC 1D 619B F1<E5 9>3<E45C 9>F5CD=5>DC 9> 85475 6E>4C 1>4 @B9F1D5 5AE9DI 6E>4C G8938 1B5 =51CEB541DD85&.?6D856E>4C @B?F94542ID856E>4=1>175BC1>41B55H3<E4546B?=D85619BF1<E5 895B1B38I">F5CD=5>DC1D619BF1<E51<C?9>3<E4549B53D5AE9DI9>F5CD=5>DC9>@B9F1D53?=@1>95C G89381B5 =51CEB54 1D 619B F1<E5 EC9>7 F1<E1D9?> D538>9AE5C 9>F?<F9>7 AE?D54 @B935C ?6 ?B =1B;5D 41D1 6?B 3?=@1B12<5 3?=@1>95C C9=9<1B 3?=@1>I B1D9?C 1>4 =E<D9@<5C @B935
", @B935
2??; F1<E5 49C3?E>D54 31C8 6<?G 1>1<IC5C 1>4 DB1>C13D9?> @B935C ?2C5BF54 6?B CE2C5AE5>D 69>1>39>7 ?B 31@9D1< 9CCE1>352ID853?=@1>I9B53D5AE9DI9>F5CD=5>DC9>@B9F1D53?=@1>95C1B531D57?B9J54G9D89>\$5F5< ?B\$5F5<?6D85619BF1<E5895B1B38I

{17}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

,85 6?<<?G9>7 D12<5 @B5C5>DC 9>6?B=1D9?> 12?ED D85 ?=@1>IPC 9>F5CD=5>DC 9> 5>D9D95C D81D 81F5 D85 381B13D5B9CD93C?61>9>F5CD=5>D3?=@1>I1D&?F5=25B 9>D8?EC1>4C

|                | 19B.1<E5 |      |  | ->6E>454<br>?==9D=5>DC |
|----------------|----------|------|--|------------------------|
| AE9DIE>4C      |          |      |  |                        |
| %E<D91CC5DE>4C |          | <br> |  | M                      |
| 'D85BE>4C      |          |      |  | M                      |
| ,?D1<          |          | <br> |  |                        |

- /85B5 619B F1<E5 9C 31<3E<1D54 21C54 ?> &. 619B F1<E5 81C 255> 45B9F54 6B?= 5138 ?6 D85 6E>4CP 31@9D1< CD1D5=5>DC
- ,89C31D57?BI@B9=1B9<I9>3<E45C9>F5CD=5>DC9>5AE9DI6E>4CD81D9>F5CD9>D855AE9DI?6F1B9?EC6?B597>@B9F1D5 3?=@1>95C9>D853?>CDBE3D9?> C?6DG1B5 C?<ED9?>C1>4 B5D19< 6??4 CE@@<95BC,859>F5CD=5>DC9>D89C31D57?BI 31>>?D25B5455=549>CD514 49CDB92ED9?>C1B5B5359F54D8B?E78D85<9AE941D9?>?6D85E>45B<I9>71CC5DC?6D85 6E>4CG89381B5@B9=1B9<I5H@53D54D?25<9AE941D549>1@@B?H9=1D5<I?>5I51B
- ,89C 31D57?BI 9>3<E45C 1> 9>F5CD=5>D 9> 1 85475 6E>4 D81D 9>F5CDC <?>7 1>4 C8?BD @B9=1B9<I 9> =E<D91CC5D C53EB9D95C9>4?=5CD931>49>D5B>1D9?>1<=1B;5DC9>2?D8D85@E2<931>4@B9F1D5C53D?BCD&?F5=25B ?6D85619BF1<E5?69>F5CD=5>DC9>D89C31D57?BI31>>?D25B5455=54

#### *)'\*' ###(*

'D85BC53EB5469>1>39>7CD81D1B5133?E>D546?B1D619BF1<E51B53<1CC96954G9D89>\$5F5<?6D85619BF1<E5 895B1B38I 19B F1<E5 9C 21C54 ?> 5CD9=1D5C ?6 6EDEB5 31C8 6<?GC 9>3?B@?B1D9>7 1CCE=@D9?>C B571B49>7 B53?F5BIB1D5C

### *'!&&&( 
!"\$ &"! "'& !!& !"%\$( 
!#'&% '% ! ( \$ ' %'\$ !&%&"( \$-*

,85 D12<5 25<?G @B5C5>DC 9>6?B=1D9?> ?> D85 F1<E1D9?> D538>9AE5C C97>96931>D E>?2C5BF12<5 9>@EDC 1>4 D859B B1>75C 6?BD85?=@1>IPC 69>1>391< 1CC5DC 1>4<9129<9D95C CE2:53DD?D8B5C8?<4<5F5<C B5<1D54D?D85 =1B;5DF1<E5?6D85@?C9D9?>C85<4 =51CEB541D619BF1<E5?>1B53EBB9>721C9CG9D81C97>96931>D\$5F5< 21<1>35,85B1>75?6E>?2C5BF12<59>@EDC3?E<449665BC97>96931>D<I13B?CC49665B5>D69B=C79F5>D85B1>75 ?6@B?4E3DC13B?CC49665B5>D69B=C9>D8569>1>391<C5BF935CC53D?B,859>@EDC1B5>?DB5@B5C5>D1D9F5?6D85 9>@EDCD81D3?E<481F5255>EC549>D85F1<E1D9?>?61>I?>569>1>391<9>CDBE=5>D*-*D859>@EDEC546?B F1<E9>7?>569>1>391<9>CDBE=5>DG9D89>1@1BD93E<1B3<1CC?669>1>391<9>CDBE=5>DC=1I>?D251@@B?@B91D5 6?B F1<E9>7 ?D85B 69>1>391< 9>CDBE=5>DC G9D89> D81D 79F5> 3<1CC 449D9?>1<<I D85 B1>75C ?6 9>@EDC @B5C5>D54 25<?G C8?E<4 >?D 25 3?>CDBE54 D? B5@B5C5>D E>35BD19>DI B571B49>7 D85 619B F1<E5C ?6 D85 ?=@1>IPC 69>1>391< 9>CDBE=5>DC B1D85B D85 B1>75 ?6 9>@EDC 9C B56<53D9F5 ?6 D85 49665B5>35C 9> D85 E>45B<I9>7381B13D5B9CD93C?6D8569>1>391<9>CDBE=5>DC9>513831D57?BI

?B35BD19>31D57?B95C D85?=@1>I81C@B?F94541G5978D541F5B175?6D859>@EDC1<<?31D5421C54?>D85 619BF1<E5C?6D8569>1>391<9>CDBE=5>DC3?=@B9C9>7D8531D57?BI,85?=@1>I4?5C>?D25<95F5D81DD85 B1>75?BG5978D541F5B175?6D859>@EDC9C9>4931D9F5?6D85 B51C?>12<5>5CC?6E>35BD19>DI?69DC\$5F5< 619BF1<E5C,85B1>751>4G5978D541F5B1751B54B9F5>2ID859>49F94E1<69>1>391<9>CDBE=5>DCG9D89>5138 31D57?BI1>4D859B B5<1D9F549CDB92ED9?>9>D85@?@E<1D9?>,8549C3<?C549>@EDCG85>3?=@1B54G9D8D85 9>@EDC1C49C3<?C549>?D85B@5B9?4CC8?E<4>?D255H@53D54D?>535CC1B9<I259>4931D9F5?6381>75C9>D85 ?=@1>IPC 5CD9=1D5C ?6 E>?2C5BF12<5 9>@EDC 6?B 1 @1BD93E<1B 69>1>391< 9>CDBE=5>D 1C D85 @?@E<1D9?> ?6 69>1>391<9>CDBE=5>DC 3?=@B9C9>7D85 31D57?BI G9<< F1BI 6B?= @5B9?4D? @5B9?4 21C54 ?> @EB381C5C 1>4 C1<5C?669>1>391<9>CDBE=5>DC4EB9>7D85@5B9?41CG5<<1CDB1>C65BC9>D?1>4?ED?6\$5F5<5138@5B9?4

{18}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

| 59-9/5-79>?=@819?>!B910         |  | -5=(-7@1<br>59?4:@>-90> | (-7@-?5:9&1/495<@1 | %539525/-9?'9:.>1=A-.71<br>9;@?<br>> | 9;@?<br>\$-931 | )1534?10<br>A1=-31 |
|---------------------------------|--|-------------------------|--------------------|--------------------------------------|----------------|--------------------|
| :=;:=-?11<@5?D>1/@=5?51>        |  | <br>                    |                    |                                      |                |                    |
| &?>5H381>75DB1454<br>C53EB9D95C |  |                         | %1B;5D1@@B?138     | ",=E<D9@<5                           |                | <br>M              |
| :=;:=-?101.?>1/@=5?51>          |  | <br>                    | %1B;5D1@@B?138     | (B935                                |                | <br>M              |
|                                 |  |                         | +35>1B9?1>1<IC9C   | CD9=1D54B53?F5BI@5B35>D175           |                | <br>M              |
| !>-90!>                         |  | <br>                    | 9C3?E>D5431C86<?GC | ?>CD1>D@B5@1I=5>DB1D5                |                | M                  |
|                                 |  |                         |                    | ?>CD1>D4561E<DB1D5                   |                | M                  |
|                                 |  |                         |                    | \$?CCC5F5B9DI                        |                | M                  |
|                                 |  |                         |                    | 9C3?E>DB1D5 I95<4                    |                |                    |
| :-9>-90:?41==1/15A-.71>         |  | <br>                    | +35>1B9?1>1<IC9C   | CD9=1D54B53?F5BI@5B35>D175           |                |                    |
| 9A1>?819?>-?2-5=A-7@1           |  | <br>                    |                    |                                      |                |                    |
| (B9F1D55AE9DIC53EB9D95C         |  |                         | %1B;5D1@@B?138     | (B935                                |                | <br>               |
| !?41=>1/@=10259-9/593>          |  |                         | +35>1B9?1>1<IC9C   | CD9=1D54B53?F5BI@5B35>D175           |                |                    |

,85619BF1<E5C?635BD19>\$5F5<1CC5DC1>4<9129<9D95CD81DG5B545D5B=9>5421C54?>D89B4@1BDI@B939>7 9>6?B=1D9?>1B55H3<E4546B?=D8512?F5D12<5D&?F5=25B 1CC5D5H3<EC9?>C3?>C9CD54?6 =9<<9?> 3?=@B9C54 ?6 3?B@?B1D5 5AE9DI C53EB9D95C \*%+ %+ ?D85B + 1>4 45B9F1D9F5C D &?F5=25B <9129<9DI5H3<EC9?>C3?>C9CD54?6=9<<9?> 3?=@B9C54?63?B@?B1D5452DC53EB9D95C %+1>445B9F1D9F5C

#### *#')#).\$ '!\*(\*'"#)'\$"(\$##)#\$('+!
#%\*)(*

?B B53EBB9>7 619B F1<E5 =51CEB5=5>DC 31D57?B9J54 G9D89> \$5F5< ?6 D85 619B F1<E5 895B1B38I D85 E>35BD19>DI ?6 D85 619B F1<E5 =51CEB5=5>D D? 381>75C 9> C97>96931>D E>?2C5BF12<5 9>@EDC 1>4 9>D5BB5<1D9?>C89@C25DG55>D8?C5E>?2C5BF12<59>@EDC961>I1B545C3B925425<?G

- K ?B@?B1D55AE9DI C53EB9D95C 3?B@?B1D5452D C53EB9D95C1>4@B9F1D55AE9DI C53EB9D95C EC9>71=1B;5D 1@@B?138 F1<E1D9?>D538>9AE5 C97>96931>D9>3B51C5 453B51C59>D85 @B935 ?6D853?B@?B1D5 452D C53EB9D95C ?B @B9F1D5 5AE9DI C53EB9D95C G?E<4 B5CE<D 9> 1 C97>96931>D<I 89785B <?G5B 619B F1<E5 =51CEB5=5>DC97>96931>D9>3B51C5453B51C59>D85",=E<D9@<5B5<1D54D?3?B@?B1D55AE9DI C53EB9D95CG?E<4B5CE<D9>1C97>96931>D<I<?G5B89785B619BF1<E5=51CEB5=5>D
- K ?B@?B1D5452DC53EB9D95C <?1>C1>4?D85B B5359F12<5C1>4?D85BC53EB54 69>1>39>7CEC9>7C35>1B9? 1>1<IC9CC97>96931>D9>3B51C5453B51C59>D85@?CC92<5B53?F5BIB1D5C?6D8531C86<?G?ED3?=5C E>45B<I9>7D859>F5CD=5>DG?E<4B5CE<D9>1C97>96931>D<I89785B<?G5B619BF1<E5=51CEB5=5>D6?B D8569>1>391<9>CDBE=5>D
- K 'C 1>4 \$'C EC9>7 1 49C3?E>D54 31C8 6<?G F1<E1D9?> D538>9AE5 C97>96931>D 9>3B51C5 453B51C59>9C?<1D9?>9>D85 3?>CD1>D 4561E<D B1D5 ?B<?CC C5F5B9DI G?E<4 B5CE<D9> 1 C97>96931>D<I <?G5B 89785B 619B F1<E5 =51CEB5=5>D ,85 9=@13D ?6 381>75C 9> D85 3?>CD1>D @B5@1I=5>D B1D5 G?E<4 81F5 49665B9>7 9=@13DC 45@5>49>7 ?> D85 31@9D1< CDBE3DEB5 1>4 DI@5 ?6 D85 C53EB9DI C97>96931>D 9>3B51C5 453B51C5 9> D85 49C3?E>D B1D5
C53EB9DI I95<4 G?E<4 B5CE<D 9> 1 C97>96931>D<I <?G5B89785B619BF1<E5=51CEB5=5>D

#### *\$'#&"! &"!*

,85?=@1>I81C5<53D54D85 619BF1<E5?@D9?> 6?B1<<<?1>C1>4<?1>3?==9D=5>DC=1452I9DC31@9D1< =1B;5DC2EC9>5CC5C1>49>3?>>53D9?>G9D89DCC53EB9D9J1D9?>13D9F9D95C\$?1>C1>4<?1>3?==9D=5>DC1B5 =1>1754?>1619BF1<E521C9C1>41B59>3<E4549>9>1>391<9>CDBE=5>DC?G>541>49>1>391<9>CDBE=5>DC C?<4 >?DI5D@EB381C549>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>,85 619BF1<E5?@D9?>81C

{19}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

255> 5<53D54 6?B 35BD19> ?D85B C53EB54 69>1>39>7C D81D 1B9C5 9> 3?>>53D9?> G9D8 D85 ?=@1>IPC C53EB9D9J1D9?>13D9F9D95C1>4?D85BCDBE3DEB5469>1>39>7C

,851=?E>D2IG89383?>DB13DE1<@B9>39@1<5H355454619BF1<E56?BD85C5<?1>C1>4?D85BB5359F12<5CG1C =9<<9?>1D&?F5=25B G89389>3<E45C=9<<9?>?>>?>133BE1<CD1DEC1>441IC?B 7B51D5B@1CD4E5,85177B571D5619BF1<E5?6<?1>C1>4?D85BB5359F12<5C?>>?>133BE1<CD1DEC1>441IC ?B7B51D5B@1CD4E5G1C=9<<9?>1D&?F5=25B ,851=?E>D2IG89383?>DB13DE1<@B9>39@1< 5H355454619BF1<E56?BD85C5?D85BC53EB5469>1>39>7CG1C=9<<9?>1D&?F5=25B 

### *%%&%!&%%'\$&\$'"!"!\$'\$\$!%%*

5BD19> 1CC5DC G5B5 =51CEB54 1D 619B F1<E5 ?> 1 >?>B53EBB9>7 21C9C 1>4 1B5 >?D9>3<E4549>D85D12<5C 12?F5 ,85C5 1CC5DC 9>3<E45 5H381>75 ?G>5BC89@ 9>D5B5CDC ,85 6?<<?G9>7 D12<5 @B5C5>DC D8?C5 1CC5DC =51CEB541D 619BF1<E5?>1>?>B53EBB9>721C9C 6?BG8938D85?=@1>I B53?7>9J541>?>B53EBB9>7 619B F1<E514:ECD=5>D4EB9>7D85I51B5>454&?F5=25B 9>D8?EC1>4C

|                           | 1BBI9>7.1<E5<br>1D |          |
|---------------------------|--------------------|----------|
|                           | &?F5=25B<br><br>   | \$5F5<   |
| H381>75?G>5BC89@9>D5B5CDC | <br><br>           | <br><br> |

 ,85 619B F1<E5 ?6D85C5 5H381>75=5=25BC89@C9C 21C54 ?> ?2C5BF54 AE?D54 C1<5C @B935C 6?B 51389>49F94E1< =5=25BC89@+55&?D5 ??4G9<<1>4">D1>792<5CC5DC

### *!!
!%&\$' !&%"&%'\$&\$'*

5BD19>?6D85?=@1>IPC69>1>391<9>CDBE=5>DC1B5>?D31BB9541D619BF1<E52ED1B5B53?B4541D1=?E>DC D81D 1@@B?H9=1D5 619B F1<E5 4E5D?D859B<9AE94 ?B C8?BDD5B= >1DEB5 1>4 75>5B1<<I >57<9792<5 3B549D B9C; ,85C5 69>1>391< 1CC5DC 9>3<E45 1C8 1>4 31C8 5AE9F1<5>DC 1>4 1C8 1>4 C53EB9D95C C57B571D54 1>4 ?> 45@?C9D 6?B B57E<1D?BI @EB@?C5C ?B 45@?C9D54 G9D8 3<51B9>7 1>4 45@?C9D?BI ?B71>9J1D9?>C 1>4 G?E<4 75>5B1<<I25@B5C5>D54G9D89>\$5F5<?6D85619BF1<E5895B1B38I1C81>4C53EB9D95CC57B571D541>4?> 45@?C9D 6?B B57E<1D?BI @EB@?C5C ?B 45@?C9D54 G9D8 3<51B9>7 1>4 45@?C9D?BI ?B71>9J1D9?>C 9>3<E45C -+ ,B51CEBIC53EB9D95CG9D81619BF1<E5?6=9<<9?>1D&?F5=25B 

\*5359F12<5CLB?;5BC 451<5BC1>43<51B9>7?B71>9J1D9?>C \*5359F12<5CLECD?=5BC \*5359F12<5CL55C 9>D5B5CD1>4?D85B (1I12<5CLB?;5BC1>4451<5BC1>4(1I12<5CLECD?=5BC 1B5133?E>D54 6?B1D3?CD @<EC133BE549>D5B5CDB1D85BD81>619BF1<E58?G5F5B D85B53?B4541=?E>DC1@@B?H9=1D5619BF1<E54E5D? D859B<9AE94?BC8?BDD5B=>1DEB5

### **\$(&( %&\$' &%**

**!22-7-9/1%411?\$5>6**M,85?=@1>I81C3?>DB13DE1<3?==9D=5>DC1B9C9>79>D85?B49>1BI3?EBC5?6 2EC9>5CC 6?B C53EB9D95C <?1>54 ?B @EB381C54 E>45B 17B55=5>DC D? B5C5<< B5@EB381C5 17B55=5>DC 6EDEB5 @EB381C5C1>4C1<5C?66?B597>3EBB5>395C C53EB9D95CDB1>C13D9?>C?>1G85>9CCE5421C9C1>4E>45BGB9D9>7 138 ?6 D85C5 69>1>391< 9>CDBE=5>DC 1>4 13D9F9D95C 3?>D19>C F1BI9>7 457B55C ?6 ?6621<1>35 C855D B9C; G85B52ID85619BF1<E5C?6D85C53EB9D95CE>45B<I9>7D8569>1>391<9>CDBE=5>DC=1I259>5H35CC?6 ?B<5CC D81> D853?>DB13D1=?E>D,85C5DD<5=5>D?6D85C5DB1>C13D9?>C9C>?D5H@53D54D?81F51=1D5B91<56653D?> D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>

**1=5A-?5A159-9/5-79>?=@819?>**M,85?=@1>IPC45B9F1D9F513D9F9D95C1B5 B53?B4541D 619BF1<E59> D85 ?>C?<941D54 +D1D5=5>D ?6 9>1>391< ?>49D9?> 9> 9>1>391< 9>CDBE=5>DC ?G>54 1>4 9>1>391< 9>CDBE=5>DCC?<4 >?DI5D@EB381C54 >5D?631C8@194?BB5359F54E>45B3B549DCE@@?BD17B55=5>DC1>4?>1

{20}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

>5D3?E>D5B@1BDI21C9CG85>1<571<<I5>6?B3512<5B978DD??66C5D5H9CDCE>45B1=1CD5B>5DD9>717B55=5>D ,85?=@1>I5>D5BC9>D?45B9F1D9F5DB1>C13D9?>CD?C1D9C6ID85>554C?69DC3<95>DC1>4D?=1>1759DC?G> 5H@?CEB5 D? =1B;5D 1>4 3B549D B9C;C B5CE<D9>7 6B?= 9DC DB149>7 13D9F9D95C +55 &?D5 19B .1<E5 9C3<?CEB5C 1>4 &?D5 ?==9D=5>DC 1>4 E1B1>D55C 6?B 1449D9?>1< 49C3<?CEB5C 12?ED 45B9F1D9F5 69>1>391<9>CDBE=5>DC

5B9F1D9F5C1B5CE2:53DD?F1B9?ECB9C;CC9=9<1BD??D85B69>1>391<9>CDBE=5>DC 9>3<E49>7=1B;5D 3B549D1>4 ?@5B1D9?>1< B9C; ,85 B9C;C ?6 45B9F1D9F5C C8?E<4 >?D 25 F95G54 9> 9C?<1D9?> 2ED B1D85B C8?E<4 25 3?>C945B54?>1>177B571D521C9C1<?>7G9D8D85?=@1>IPC?D85BDB149>7B5<1D5413D9F9D95C,85?=@1>I =1>175CD85B9C;C1CC?391D54G9D845B9F1D9F5C?>1>177B571D521C9C1<?>7G9D8D85B9C;C1CC?391D54G9D8 @B?@B95D1BIDB149>71C@1BD?69DC69B=G945B9C;=1>175=5>D@?<9395C

">3?>>53D9?>G9D89DC45B9F1D9F513D9F9D95C D85?=@1>I=1I5>D5B9>D?"+=1CD5B>5DD9>717B55=5>DC ?B C9=9<1B 17B55=5>DC G9D8 3?E>D5B@1BD95C +55 &?D5 +97>96931>D 33?E>D9>7 (?<9395C 6?B 1449D9?>1< 9>6?B=1D9?>B571B49>7D85?66C5DD9>7?645B9F1D9F53?>DB13DC

,85 6?<<?G9>7D12<5@B5C5>DCD85 619BF1<E51>4 B5<1D54>E=25B?645B9F1D9F53?>DB13DC1D&?F5=25B 31D57?B9J54 2I DI@5 ?6 45B9F1D9F5 3?>DB13D 1>4 D85 @<1D6?B= ?> G8938 D85C5 45B9F1D9F5C 1B5 DB1>C13D54,85619BF1<E5?61CC5DC
<9129<9D95CB5@B5C5>DCD85?=@1>IPCB5359F12<5
@1I12<56?B45B9F1D9F5 69>1>391< 9>CDBE=5>DC 7B?CC ?6 3?E>D5B@1BDI >5DD9>7 1>4 31C8 3?<<1D5B1< B5359F54 1>4 @<54754 ,85 6?<<?G9>7 D12<5 1<C? @B?F945C 9>6?B=1D9?> B571B49>7 D85 5HD5>D D? G8938 E>45B 5>6?B3512<5 =1CD5B >5DD9>7 1BB1>75=5>DC CE38 21<1>35C 1B5 @B5C5>D54 >5D 9> D85 ?>C?<941D54 +D1D5=5>D ?6 9>1>391< ?>49D9?>1C1@@B?@B91D5 E>45B-+ (1>4 D855HD5>DD?G8938 ?D85B B978DC ?6 C5D?661CC?391D54 G9D8D85C51BB1>75=5>DC5H9CD1>43?E<481F51>56653D?>D85?=@1>IPC69>1>391<@?C9D9?>9>D8?EC1>4C 5H35@D3?>DB13D1=?E>DC

|                                                             | &?F5=25B<br> |          |                      |  |              |                      |  |  |
|-------------------------------------------------------------|--------------|----------|----------------------|--|--------------|----------------------|--|--|
|                                                             |              |          | CC5DC                |  | \$9129<9D95C |                      |  |  |
|                                                             |              | 19B.1<E5 | &E=25B?6<br>?>DB13DC |  | 19B.1<E5     | &E=25B?6<br>?>DB13DC |  |  |
| AE9DI3?>DB13DC                                              |              |          |                      |  |              |                      |  |  |
| H381>75DB1454                                               |              | <br>     | <br><br><br>         |  | <br>         | <br><br>             |  |  |
| 9<1D5B1<',                                                  |              | <br>     | <br>                 |  | <br>         | <br>                 |  |  |
| ">D5B5CDB1D53?>DB13DC                                       |              |          |                      |  |              |                      |  |  |
| H381>75DB1454                                               |              | <br>     | <br><br>             |  |              | <br><br>             |  |  |
| <51B54',                                                    |              | <br>     | <br>                 |  | <br>         | <br>                 |  |  |
| 9<1D5B1<',                                                  |              | <br>     | <br><br>             |  | <br>         | <br>                 |  |  |
| ?B597>5H381>753?>DB13DC                                     |              |          |                      |  |              |                      |  |  |
| H381>75DB1454                                               |              | M        | <br>M                |  | M            | <br>                 |  |  |
| 9<1D5B1<',                                                  |              |          | <br>                 |  |              | <br>                 |  |  |
| ,?D1<7B?CC45B9F1D9F51CC5DC <9129<9D95C                      |              |          |                      |  |              |                      |  |  |
| H381>75DB1454                                               |              | <br>     |                      |  | <br>         |                      |  |  |
| <51B54',                                                    |              | <br>     |                      |  | <br>         |                      |  |  |
| 9<1D5B1<',                                                  |              | <br>     |                      |  | <br>         |                      |  |  |
| =?E>DC?66C5D9>D85?>C?<941D54+D1D5=5>D<br>?69>1>391<?>49D9?> |              |          |                      |  |              |                      |  |  |
| H381>75DB1454                                               |              | <br>     |                      |  | <br>         |                      |  |  |
| <51B54',                                                    |              | <br>     |                      |  | <br>         |                      |  |  |
| 9<1D5B1<',                                                  |              | <br>     |                      |  | <br>         |                      |  |  |
| &5D1=?E>DC@5B?>C?<941D54+D1D5=5>D?6<br>9>1>391<?>49D9?>     |              | <br>     |                      |  | <br>         |                      |  |  |

{21}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

- H381>75DB145445B9F1D9F5C9>3<E4545B9F1D9F5C5H53ED54?>1>?B71>9J545H381>75<51B54',45B9F1D9F5C 9>3<E45 45B9F1D9F5C 5H53ED54 29<1D5B1<<I 1>4 CE2C5AE5>D<I >?F1D54 D? 1>4 3<51B54 D8B?E78 35>DB1< 3<51B9>7 3?E>D5B@1BD95C9<1D5B1<',45B9F1D9F5C9>3<E4545B9F1D9F5C5H53ED541>4C5DD<5429<1D5B1<<IG9D8?EDD85EC5?6 1>?B71>9J545H381>75?B35>DB1<3<51B9>73?E>D5B@1BDI
- &E=25B ?6 5H381>75DB1454 3?>DB13DC =1I9>3<E45 ?@5> 6EDEB5C 3?>DB13DC ,85 E>C5DD<54 619B F1<E5 ?6D85C5 6EDEB5C3?>DB13DC9C9>3<E4549>\*5359F12<5C6B?=
(1I12<5CD?2B?;5BC 451<5BC1>43<51B9>7?B71>9J1D9?>C9>D85 ?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>
- =?E>DC>5DD549>3<E452?D8>5DD9>72I3?E>D5B@1BDI1>46?B31C83?<<1D5B1<@194?BB5359F54
- ,85?=@1>I81C>?DB5359F54?B@<547541449D9?>1<3?<<1D5B1<E>45B=1CD5B>5DD9>717B55=5>DC1>4
?B?D85B 3B549D CE@@?BD 17B55=5>DC D81D 9C 5<9792<5 D? 25 ?66C5D 25I?>4 G81D 81C 255> ?66C5D 9> D85 ?>C?<941D54 +D1D5=5>D?69>1>391<?>49D9?>

 *'+)+(* ,85 D12<5 25<?G C5DC 6?BD8 2I B5=19>9>7 3?>DB13D =1DEB9DI D85 619B F1<E5 ?6 ', 45B9F1D9F51CC5DC1>4<9129<9D95C1D&?F5=25B 9>D8?EC1>4C

|                                | ',5B9F1D9F5CC5DC |         |       |      |  |      |  |      |  |  |
|--------------------------------|------------------|---------|-------|------|--|------|--|------|--|--|
|                                |                  | L%?>D8C | ,?D1< |      |  |      |  |      |  |  |
| AE9DI?@D9?>C1>46?BG1B4C        |                  | <br>    |       | <br> |  | M    |  | <br> |  |  |
| ?B597>3EBB5>3IC@?DC1>46?BG1B4C |                  |         |       | M    |  | M    |  |      |  |  |
| ">D5B5CDB1D56?BG1B4C           |                  | <br>    |       | M    |  | <br> |  | <br> |  |  |
| ,?D1<                          |                  | <br>    |       | <br> |  | <br> |  | <br> |  |  |

 D&?F5=25B D85?=@1>I85<45H381>75DB145445B9F1D9F51CC5DCG9D81619BF1<E5?6=9<<9?> G89381B5>?D9>3<E4549>D89CD12<5

- ',45B9F1D9F51CC5DC9>D85D12<512?F51B57B?CC?63?<<1D5B1< B5359F54',45B9F1D9F51CC5DC1B5 B53?B454 >5D?63?<<1D5B1<B5359F549>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>D&?F5=25B 31C8 3?<<1D5B1<B5359F54G1C=9<<9?>
- 5B9F1D9F5619BF1<E5C9>3<E453?E>D5B@1BDI>5DD9>7G9D89>@B?4E3D31D57?BI

{22}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

|                                | ',5B9F1D9F5\$9129<9D95C |         |  |        |                     |   |       |      |  |
|--------------------------------|-------------------------|---------|--|--------|---------------------|---|-------|------|--|
|                                |                         | L%?>D8C |  | L051BC | B51D5B,81><br>051BC |   | ,?D1< |      |  |
| AE9DI?@D9?>C1>46?BG1B4C        |                         | <br>    |  |        |                     | M |       | <br> |  |
| ?B597>3EBB5>3IC@?DC1>46?BG1B4C |                         |         |  | M      |                     | M |       |      |  |
| ">D5B5CDB1D56?BG1B4C           |                         | <br>    |  | M      |                     |   |       | <br> |  |
| ,?D1<                          |                         | <br>    |  |        |                     |   |       | <br> |  |

 D &?F5=25B D85 ?=@1>I 85<4 5H381>75DB1454 45B9F1D9F5 <9129<9D95C G9D8 1 619B F1<E5 ?6  =9<<9?> G89381B5>?D9>3<E4549>D89CD12<5

5B9F1D9F5619BF1<E5C9>3<E453?E>D5B@1BDI>5DD9>7G9D89>@B?4E3D31D57?BI

,85 6?<<?G9>7 D12<5 @B5C5>DC D85 3?E>D5B@1BDI 3B549D AE1<9DI G9D8 B5C@53D D? D85 619B F1<E5 ?6 D85 ?=@1>IPC',45B9F1D9F51CC5DC1D&?F5=25B 9>D8?EC1>4C

?E>D5B@1BDI3B549DAE1<9DI

| ?B89785B | <br><br> |
|----------|----------|
| D?       | <br><br> |
| ?B<?G5B  | <br><br> |
| ->B1D54  | <br><br> |
| ,?D1<    | <br><br> |

 ,85?=@1>I ED9<9J5C9>D5B>1< 3B549D B1D9>7C 45D5B=9>54 2I9DC\*9C;%1>175=5>D 45@1BD=5>DB549D B1D9>7C 45D5B=9>54 2I \*9C; %1>175=5>D EC5 =5D8?4?<?795C D81D @B?4E35 B1D9>7C 75>5B1<<I 3?>C9CD5>D G9D8 D8?C5 @B?4E3542I5HD5B>1<B1D9>7175>395C

**=105?\$5>6**M">D85>?B=1<3?EBC5?62EC9>5CC D85?=@1>I9C9>F?<F549>D855H53ED9?> C5DD<5=5>D 1>469>1>39>7?6F1B9?EC3ECD?=5B1>4@B9>39@1<C53EB9D95CDB1>C13D9?>CECD?=5B13D9F9D95C1B5DB1>C13D54 ?> 1 31C8 =1B79> ?B 45<9F5BIF5BCEC@1I=5>D 21C9C +53EB9D95C DB1>C13D9?>C 1B5 CE2:53D D? D85 B9C; ?6 3?E>D5B@1BDI ?B 3ECD?=5B >?>@5B6?B=1>35 ,B1>C13D9?>C 1B5 3?<<1D5B1<9J54 2I D85 E>45B<I9>7 C53EB9DI D85B52I B54E39>7 D85 1CC?391D54 B9C; D? 381>75C 9> D85 =1B;5D F1<E5 ?6 D85 C53EB9DI D8B?E78 C5DD<5=5>D 41D5

,85?=@1>IC55;CD?3?>DB?<D85B9C;1CC?391D54G9D8D85C5DB1>C13D9?>C2I5CD12<9C89>71>4=?>9D?B9>7 3B549D <9=9DC 1>4 2I =?>9D?B9>7 3?<<1D5B1< 1>4 DB1>C13D9?> <5F5<C 419<I ,85 ?=@1>I =1I B5AE9B5 3?E>D5B@1BD95CD?45@?C9D1449D9?>1<3?<<1D5B1<?B B5DEB>3?<<1D5B1<@<54754 ">D8531C5?61754 C53EB9D95C 619<54D?B5359F5 D85?=@1>I=1I E>45B9>4ECDBIB57E<1D9?>C @EB381C5D85E>45B<I9>7C53EB9D95C9>D85 =1B;5D1>4C55;B59=2EBC5=5>D6?B1>I<?CC5C6B?=D853?E>D5B@1BDI

**:9/19?=-?5:9:2=105?\$5>6**MC1C53EB9D95C69B= D85?=@1>IPC13D9F9D95C1B55H53ED54@B9=1B9<I G9D8 1>4 ?> 2581<6 ?6 ?D85B 69>1>391< 9>CD9DED9?>C 9>3<E49>7 2B?;5BC 1>4 451<5BC 21>;C 1>4 ?D85B 9>CD9DED9?>1<3ECD?=5BC?>35>DB1D9?>C?63B549DB9C;31>2516653D542I381>75C9>53?>?=93 9>4ECDBI?B 75?7B1@8931< 613D?BC ,85 ?=@1>I C55;CD? 3?>DB?<9DC 3B549D B9C; 1>4D85 @?D5>D91< B9C; 3?>35>DB1D9?> D8B?E78 1 F1B95DI ?6 B5@?BD9>7 1>4 3?>DB?< @B?354EB5C 9>3<E49>7 D8?C5 45C3B9254 9> D85 @B53549>7 49C3ECC9?>?63B549DB9C;

### **!&\$,&\$ %&! %**

,85?=@1>IPCB5@EB381C517B55=5>DC1>4C53EB9D95C2?BB?G9>71>4<5>49>71BB1>75=5>DC1B575>5B1<<I B53?B454 1D 3?CD 9> D85 ?>C?<941D54 +D1D5=5>D ?6 9>1>391< ?>49D9?> G8938 9C 1 B51C?>12<5 1@@B?H9=1D9?> ?6 D859B 619B F1<E5C 4E5 D? D859B C8?BDD5B= >1DEB5 ,85 ?=@1>I 5>D5BC 9>D? C53EB54

{23}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

2?BB?G9>71>4<5>49>71BB1>75=5>DCD??2D19>3?<<1D5B1<>535CC1BID?56653DC5DD<5=5>D 69>1>359>F5>D?BI @?C9D9?>C =55D 3ECD?=5B >554C ?B B5<5>4 1C @1BD ?6 9DC 451<5B ?@5B1D9?>C ,85 ?=@1>I =?>9D?BC 9DC 5H@?CEB5D?3B549DB9C;1CC?391D54G9D8D85C5DB1>C13D9?>C2I5>D5B9>79>D?=1CD5B>5DD9>717B55=5>DC,85 ?=@1>I=?>9D?BCD85619BF1<E5?6D85C53EB9D95C<?1>541>42?BB?G54?>1419<I21C9C1C3?=@1B54G9D8 D85 B5<1D54 @1I12<5 ?B B5359F12<5 1>4 B5AE5CDC 1449D9?>1< 3?<<1D5B1< ?B B5DEB>C 5H35CC 3?<<1D5B1< 1C 1@@B?@B91D5 ,85 ?=@1>I @<5475C 69>1>391< 9>CDBE=5>DC 1C 3?<<1D5B1< E>45B B5@EB381C5 17B55=5>DC C53EB9D95C <5>49>7 17B55=5>DC 1>4 ?D85B C53EB54 1BB1>75=5>DC 9>3<E49>7 3<51B9>7 1BB1>75=5>DC ,85 17B55=5>DC G9D8 3?E>D5B@1BD95C 75>5B1<<I 3?>D19> 3?>DB13DE1< @B?F9C9?>C 1<<?G9>7 D85 3?E>D5B@1BDI D85 B978D D? C5<< ?B B5@<5475 D85 3?<<1D5B1< (<54754 C53EB9D95C ?G>54 D81D 31> 25 C?<4 ?B B5@<54754 2I D85 3?E>D5B@1BDI1B59>3<E4549>9>1>391<9>CDBE=5>DC?G>54 1D619BF1<E51>4>?D541C+53EB9D95C@<547549> D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>

"> 9>CD1>35C G85B5 D85 ?=@1>I B5359F5C C53EB9D95C 1C 3?<<1D5B1< 9> 3?>>53D9?> G9D8 C53EB9D95C6?B C53EB9D95CDB1>C13D9?>C9>G8938D85?=@1>I9CD85<5>45B?6C53EB9D95C1>49C@5B=9DD54D?C5<<?BB5@<5475 D85C53EB9D95CB5359F541C3?<<1D5B1< D85?=@1>IB5@?BDCD85619BF1<E5?6D853?<<1D5B1<B5359F541>4D85 B5<1D54?2<971D9?>D?B5DEB>D853?<<1D5B1<9>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>

,85 6?<<?G9>7 D12<5C C5D 6?BD8 D85 31BBI9>7 F1<E5 ?6 C53EB9D95C <5>49>7 1BB1>75=5>DC 1>4 B5@EB381C5 17B55=5>DC2I3<1CC?63?<<1D5B1<@<547541>4 B5=19>9>73?>DB13DE1<=1DEB9DI1D&?F5=25B 9> D8?EC1>4C

|                                          | +53EB9D95C<br>\$5>49>7<br>*5@EB381C5<br>BB1>75=5>DC<br>7B55=5>DC |  | ,?D1<    |              |
|------------------------------------------|------------------------------------------------------------------|--|----------|--------------|
| ?<<1D5B1<(<54754                         |                                                                  |  |          |              |
| ?B@?B1D55AE9DIC53EB9D95C                 | <br><br><br>                                                     |  | <br>     | <br><br><br> |
| ?B@?B1D5452DC53EB9D95C                   | <br><br>                                                         |  | <br><br> | <br><br><br> |
| %?BD7175213;541>41CC5D213;54C53EB9D95C   | <br>M                                                            |  | <br><br> | <br><br><br> |
| -+7?F5B>=5>D1>46545B1<175>3IC53EB9D95C | <br><br>                                                         |  | <br><br> | <br><br><br> |
| %E>939@1<C53EB9D95C                      | <br>M                                                            |  | <br>     | <br><br>     |
| +?F5B597>?2<971D9?>C                     | <br>M                                                            |  | <br>     | <br><br>     |
| ,?D1<                                    | <br><br><br>                                                     |  | <br><br> | <br><br>     |
|                                          |                                                                  |  |          |              |

|                                   | ?>DB13DE1<%1DEB9DI |                           |         |      |     |          |                   |      |  |          |  |
|-----------------------------------|--------------------|---------------------------|---------|------|-----|----------|-------------------|------|--|----------|--|
|                                   |                    | 'F5B>978D1>4<br>?>D9>E?EC | -@D?1IC |      | 1IC |          | B51D5BD81><br>1IC |      |  | ,?D1<    |  |
| +53EB9D95C<5>49>7<br>1BB1>75=5>DC |                    | <br>                      |         | M    |     | <br>     |                   | <br> |  | <br><br> |  |
| *5@EB381C517B55=5>DC              |                    | <br><br>                  |         | <br> |     | <br><br> |                   | <br> |  | <br><br> |  |
| ,?D1<                             |                    | <br><br>                  |         | <br> |     | <br><br> |                   | <br> |  | <br><br> |  |

,85?=@1>IB5359F5CC53EB9D95C1C3?<<1D5B1<E>45BB5C1<517B55=5>DC C53EB9D95C2?BB?G9>7DB1>C13D9?>C 1>4 3ECD?=5B =1B79> <?1>C ,85 ?=@1>I 1<C? B5359F5C C53EB9D95C 1C 3?<<1D5B1< 9> 3?>>53D9?> G9D8 C53EB9D95C6?BC53EB9D95C DB1>C13D9?>C 9> G8938 9D 9C D85 <5>45B ?6 C53EB9D95C "> =1>I 9>CD1>35C D85 ?=@1>I9C@5B=9DD542I3?>DB13DD?B58I@?D8531D5D85C53EB9D95CB5359F541C3?<<1D5B1<,85C5C53EB9D95C =1I 25 EC54D? C53EB5 B5@EB381C5 17B55=5>DC 5>D5B9>D? C53EB9D95C<5>49>7DB1>C13D9?>C C1D9C6I=1B79> B5AE9B5=5>DC?>45B9F1D9F5DB1>C13D9?>C?B3?F5BC8?BD@?C9D9?>CD&?F5=25B D851@@B?H9=1D5

{24}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

619B F1<E5 ?6 C53EB9D95C B5359F54 1C 3?<<1D5B1< 2I D85 ?=@1>I D81D =1I 25 C?<4 ?B B5@<54754 2I D85 ?=@1>IG1C1@@B?H9=1D5<I29<<9?>D&?F5=25B 1CE2CD1>D91<@?BD9?>?6D85C53EB9D95C B5359F542ID85?=@1>I814255>C?<4?BB5@<54754

#### *())#\$\*')( ###'"#)(*

,?=1>175D85?=@1>IPC5H@?CEB5D?3B549DB9C;1CC?391D54G9D8C53EB9D95C69>1>39>7DB1>C13D9?>C 9D=1I 5>D5B 9>D? =1CD5B >5DD9>7 17B55=5>DC 1>4 3?<<1D5B1< 1BB1>75=5>DC G9D8 3?E>D5B@1BD95C 5>5B1<<I DB1>C13D9?>C 1B5 5H53ED54 E>45B CD1>41B4 9>4ECDBI 17B55=5>DC 9>3<E49>7 2ED >?D <9=9D54 D? =1CD5B C53EB9D95C <5>49>7 17B55=5>DC C53EB9D95C <5>49>7 DB1>C13D9?>C 1>4 =1CD5B B5@EB381C5 17B55=5>DC B5@EB381C5 DB1>C13D9?>C +55 &?D5 +97>96931>D 33?E>D9>7 (?<9395C 6?B 1449D9?>1< 9>6?B=1D9?> B571B49>7D85?66C5DD9>7?6C53EB9D95C69>1>39>717B55=5>DC

,856?<<?G9>7D12<5@B?F945C9>6?B=1D9?>B571B49>7B5@EB381C517B55=5>DC1>4C53EB9D95C2?BB?G9>71>4 <5>49>71BB1>75=5>DCD81D1B5B53?7>9J549>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>1>4D85 5HD5>DD?G8938 E>45B 5>6?B3512<5=1CD5B >5DD9>7 1BB1>75=5>DC CE38 21<1>35C 1B5 @B5C5>D54 >5D9>D85 ?>C?<941D54 +D1D5=5>D ?6 9>1>391< ?>49D9?> 1C 1@@B?@B91D5 E>45B -+ ( 1>4 D85 5HD5>D D? G8938 ?D85B B978DC ?6 C5D?66 1CC?391D54 G9D8 D85C5 1BB1>75=5>DC 5H9CD 1>4 3?E<4 81F5 1> 56653D ?> D85 ?=@1>IPC69>1>391<@?C9D9?>9>D8?EC1>4C

|                                     | &?F5=25B<br>   |          |                                                                 |          |                                                                       |          |                                              |      |                       |          |          |          |
|-------------------------------------|----------------|----------|-----------------------------------------------------------------|----------|-----------------------------------------------------------------------|----------|----------------------------------------------|------|-----------------------|----------|----------|----------|
|                                     | B?CC<br>=?E>DC |          | &5DD9>79><br>?>C?<941D54<br>+D1D5=5>D?6<br>9>1>391<<br>?>49D9?> |          | &5D=?E>DC<br>9><br>?>C?<941D54<br>+D1D5=5>D?6<br>9>1>391<<br>?>49D9?> |          | 449D9?>1<<br>=?E>DC<br>F19<12<56?B<br>+5D?66 |      | F19<12<5<br>?<<1D5B1< |          | &5D=?E>D |          |
| >>1?>                               |                |          |                                                                 |          |                                                                       |          |                                              |      |                       |          |          |          |
| +53EB9D95C2?BB?G9>7<br>1BB1>75=5>DC |                | <br><br> |                                                                 | M        |                                                                       | <br><br> |                                              | <br> |                       | <br>     |          | <br><br> |
| *5F5BC5B5@EB381C5<br>17B55=5>DC     |                | <br><br> |                                                                 | <br><br> |                                                                       | <br><br> |                                              | <br> |                       | <br><br> |          | <br>     |
| 5-.575?51>                          |                |          |                                                                 |          |                                                                       |          |                                              |      |                       |          |          |          |
| +53EB9D95C<5>49>7<br>1BB1>75=5>DC   |                | <br><br> |                                                                 | M        |                                                                       | <br><br> |                                              | <br> |                       | <br>     |          | <br>     |
| *5@EB381C517B55=5>DC                |                | <br><br> |                                                                 | <br><br> |                                                                       | <br><br> |                                              | <br> |                       | <br><br> |          | <br>     |

- ->45B =1CD5B >5DD9>7 17B55=5>DC G9D8 9DC 3?E>D5B@1BD95C D85 ?=@1>I 81C D85 <571< B978D ?6 ?66C5D G9D8 1 3?E>D5B@1BDI G8938 9>3?B@?B1D5C 1<< ?6 D85 3?E>D5B@1BDIPC ?EDCD1>49>7 B978DC 1>4 ?2<971D9?>C E>45B D85 1BB1>75=5>D,85C521<1>35CB56<53D1449D9?>1<3B549DB9C;=9D971D9?>D81D9C1F19<12<52I13?E>D5B@1BDI9>D85 5F5>D?613?E>D5B@1BDIPC4561E<D 2EDG89381B5>?D>5DD549>D8521<1>35C855D2531EC5?D85B>5DD9>7@B?F9C9?>C ?6-+ (1B5>?D=5D
- ">3<E45CC53EB9D95CB5359F54?B@194E>45B3?<<1D5B1<1BB1>75=5>DCG9D83?E>D5B@1BD95CD81D3?E<425<9AE941D54 9>D855F5>D?613?E>D5B@1BDI4561E<D1>4D8EC?66C5D1719>CD13?E>D5B@1BDIPCB978DC1>4?2<971D9?>CE>45BD85 B5C@53D9F5B5@EB381C517B55=5>DC?BC53EB9D95C2?BB?G9>7?B<5>49>71BB1>75=5>DC
- =?E>DC9>3<E45 =9<<9?>?6C53EB9D95C2?BB?G9>71BB1>75=5>DC 6?BG8938D85?=@1>I81CB5359F54 C53EB9D95C3?<<1D5B1<?6 =9<<9?> 1>4=9<<9?>?6B5@EB381C517B55=5>DC 6?BG8938D85?=@1>I 81C @<54754 C53EB9D95C 3?<<1D5B1< ?6  =9<<9?> G8938 1B5CE2:53D D? =1CD5B >5DD9>7 17B55=5>DC 2ED D85 ?=@1>I81C>?D45D5B=9>54D8517B55=5>DCD?25<571<<I5>6?B3512<5

{25}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

### **%'\$&,&! &(&%**

,85 ?=@1>I 5>7175C 9> C53EB9D9J1D9?> 13D9F9D95C B5<1D54 D? =?BD7175213;54 1>4 ?D85B 1CC5D213;54 C53EB9D95C ">9DC C53EB9D9J1D9?> 13D9F9D95C D85?=@1>IDB1>C65BCD85C5 1CC5DCD? C@5391< @EB@?C5 5>D9D95C N+(CO1>413DC1CD85@<135=5>D?BCDBE3DEB9>7175>D6?BD8525>569391<9>D5B5CDCC?<4D?9>F5CD?BC2ID85 +( C97>96931>D @?BD9?> ?6 D85 C53EB9D9J1D9?> DB1>C13D9?>C 1B5 D85 C53EB9D9J1D9?> ?6 1CC5DC 9CCE54 ?B 7E1B1>D5542I-+7?F5B>=5>D175>395C,85C5+(C75>5B1<<I=55DD853B9D5B91?6."C8?G5F5B D85 ?=@1>I75>5B1<<I4?5C>?D3?>C?<941D5D85+(C1C9D9C>?D3?>C945B54D85@B9=1BI25>569391BI6?BD85C5 +(C+55&?D5 .1B912<5">D5B5CD>D9D95C 6?B6EBD85B49C3ECC9?>?>."C1>4D8545D5B=9>1D9?>?6D85 @B9=1BI25>569391BI

,85 ?=@1>I 133?E>DC 6?B 9DC C53EB9D9J1D9?> DB1>C13D9?>C 1C C1<5C @B?F9454 9D 81C B5<9>AE9C854 3?>DB?< ?F5BD85DB1>C65BB541CC5DC,85?=@1>I75>5B1<<IB5359F5C31C8@B?3554C9>3?>>53D9?>G9D8D85DB1>C65B ?6 1CC5DC D? 1> +( ,85 ?=@1>I =1I 8?G5F5B 81F5 3?>D9>E9>7 9>F?<F5=5>D G9D8 D85 DB1>C65BB54 1CC5DC G8938 9C <9=9D54 D? B5D19>9>7 ?>5 ?B =?B5 DB1>385C ?6 D85 C53EB9D9J1D9?> @B9=1B9<I C5>9?B 1>4 CE2?B49>1D54452DC53EB9D95C9>D856?B=?6=?BD7175213;541>4?D85B1CC5D213;54C53EB9D95C?B\$'C ,85C5C53EB9D95C1B59>3<E4549>9>1>391<9>CDBE=5>DC?G>54 1D619BF1<E59>D85?>C?<941D54+D1D5=5>D ?69>1>391<?>49D9?>C1>41B575>5B1<<I9>9D91<<I31D57?B9J541C\$5F5<G9D89>D85619BF1<E5895B1B38I ?B 6EBD85B 9>6?B=1D9?> ?> 619B F1<E5 =51CEB5=5>DC 1>4 D85 619B F1<E5 895B1B38I B565B D? &?D5 +97>96931>D33?E>D9>7(?<9395C 1>4&?D5 19B.1<E59C3<?CEB5C 85B59>

,856?<<?G9>7D12<5@B5C5>DC13D9F9DIB5<1D54D?D85?=@1>IPCC53EB9D9J1D9?>CD81DG5B5133?E>D546?B1C C1<5C9>G89389D8143?>D9>E9>79>F?<F5=5>D9>=9<<9?>C

|                                     | 051B>454<br>&?F5=25B<br> |
|-------------------------------------|--------------------------|
| ,B1>C65BB541CC5DC                   | <br><br>                 |
| (B?3554C?>>5GC53EB9D9J1D9?>C        | <br><br>                 |
| 1C86<?GCB5359F54?>B5D19>549>D5B5CDC | <br>                     |

,85?=@1>I 81C >? 5H@<939D ?B9=@<939D 1BB1>75=5>DCD? @B?F945 1449D9?>1< 69>1>391< CE@@?BDD?D85C5 +(C 81C >? <9129<9D95C B5<1D54 D? D85C5 +(C 1>4 4? >?D 81F5 1>I ?EDCD1>49>7 45B9F1D9F5 3?>DB13DC 5H53ED549>3?>>53D9?>G9D8D85C5C53EB9D9J1D9?>13D9F9D95C1D&?F5=25B 

,85 6?<<?G9>7 D12<5 CE==1B9J5C D85 ?=@1>IPC B5D19>54 9>D5B5CDC 9> +(C G85B5 D85 ?=@1>I 81C DB1>C65BB541CC5DC1>481F53?>D9>E9>79>F?<F5=5>D1>4B5359F54C1<5133?E>D9>7DB51D=5>D9>=9<<9?>C

|                         | D&?F5=25B<br> |            |  |                   |  |  |  |
|-------------------------|---------------|------------|--|-------------------|--|--|--|
| +53EB9D9J1D9?>,I@5      |               | ,?D1<CC5DC |  | *5D19>54">D5B5CDC |  |  |  |
| -+7?F5B>=5>D175>3I*%+ |               |            |  |                   |  |  |  |
| -+7?F5B>=5>D175>3I%+  |               | <br>       |  |                   |  |  |  |
| \$'C                    |               | <br>       |  |                   |  |  |  |

,?D1< 1CC5DC B5@B5C5>D D85 E>@194 @B9>39@1< 1=?E>D ?6 1CC5DC 9> D85 +(C 9> G8938 D85 ?=@1>I 81C 3?>D9>E9>7 9>F?<F5=5>D 1>4 1B5 @B5C5>D54 C?<5<I D? @B?F945 9>6?B=1D9?> B571B49>7 D85 C9J5 ?6 D85 DB1>C13D9?>C1>4D85C9J5?6D85E>45B<I9>71CC5DCCE@@?BD9>7D85?=@1>IPCB5D19>549>D5B5CDC 1>41B5>?D 3?>C945B54B5@B5C5>D1D9F5?6D85B9C;?6@?D5>D91<<?CCCC5DCB5D19>549>3?>>53D9?>G9D81C53EB9D9J1D9?> DB1>C13D9?>B5@B5C5>DD85619BF1<E5?6D85C53EB9D95C?6?>5?B=?B5DB1>385C9CCE542I1>+( 9>3<E49>7 C5>9?B1>4CE2?B49>1D54DB1>385C,85?=@1>IPCB9C;?6<?CC9C<9=9D54D?D89C619BF1<E51=?E>DG89389C 9>3<E4549>D?D1<9>1>391<9>CDBE=5>DC?G>549>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>

{26}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

<D8?E78>?D?2<971D54 9>3?>>53D9?>G9D8C53?>41BI=1B;5D=1;9>713D9F9D95CD85?=@1>I=1I=1;51 =1B;5D9>D85C53EB9D95C9CCE542ID85C5+(C">D85C5=1B;5D=1;9>7DB1>C13D9?>C D85?=@1>I2EICD85 C53EB9D95C6B?=1>4C5<<CD85C5C53EB9D95CD?9>F5CD?BC+53EB9D95C@EB381C54D8B?E78D85C5=1B;5D=1;9>7 13D9F9D95C 1B5 >?D 3?>C945B54 D? 25 3?>D9>E9>7 9>F?<F5=5>D 9> D85C5 +(C D? D85 5HD5>D D85 ?=@1>I @EB381C54 C53EB9D95CD8B?E78D85C5=1B;5D=1;9>7 13D9F9D95C 1>4D85?=@1>I9C >?D 455=54D? 25D85 @B9=1BI25>569391BI?6D85." D85C5C53EB9D95C1B59>3<E4549>175>3I1>4>?>175>3I=?BD7175213;54 1>4 1CC5D213;54 C53EB9D9J1D9?>C 9> D85 >?>3?>C?<941D54 ."C C53D9?> @B5C5>D54 9> &?D5 .1B912<5 ">D5B5CD>D9D95C

## **(\$ &\$%& &&%**

."C1B55>D9D95C9>G89385AE9DI9>F5CD?BC<13;D85381B13D5B9CD93C?613?>DB?<<9>769>1>391<9>D5B5CD."C 1B53?>C?<941D54 2ID85 @B9=1BI 25>569391BI,85 @B9=1BI 25>569391BI9CD85 @1BDIG8? 81C 2?D8 D85 @?G5BD?49B53DD8513D9F9D95C?61."D81D=?CDC97>96931>D<I9=@13DD855>D9DIPC53?>?=93@5B6?B=1>35 1>41>?2<971D9?>D?12C?B2<?CC5C?6D855>D9DI?B1B978DD?B5359F525>569DC6B?=D855>D9DID81D3?E<4 @?D5>D91<<I25C97>96931>DD?D855>D9DI

,85?=@1>IPC9>F?<F5=5>DG9D8."C1B9C5C@B9=1B9<I6B?=

- K (EB381C5C?6C53EB9D95C9>3?>>53D9?>G9D8D85?=@1>IPCDB149>71>4C53?>41BI=1B;5D=1;9>7 13D9F9D95C
- K \*5D19>549>D5B5CDC85<41C1B5CE<D?6C53EB9D9J1D9?>13D9F9D95C
- K 3D9>71C@<135=5>D175>D1>4
?BE>45BGB9D5B9>3?>>53D9?>G9D83<95>DC@?>C?B54C53EB9D9J1D9?>C
- K 9>1>39>7?6175>3I1>4>?>175>3I=?BD7175213;541>4?D85B1CC5D213;54C53EB9D95C1>4
- K ">F5CD=5>DC9>F1B9?EC9>F5CD=5>DF5893<5C

,85?=@1>I45D5B=9>5CG85D85B9D9CD85@B9=1BI25>569391BI?61."E@?>9DC9>9D91<9>F?<F5=5>DG9D8 D85."1>4D85?=@1>IB51CC5CC5CG85D85B9D9CD85@B9=1BI25>569391BI?61."?>1>?>7?9>721C9C ,85?=@1>IPC45D5B=9>1D9?>?6G85D85B9D9CD85@B9=1BI25>569391BI?61."9C21C54E@?>D85 613DC 1>439B3E=CD1>35C6?B5138."1>4B5AE9B5C:E47=5>D,85?=@1>IPC3?>C945B1D9?>C9>45D5B=9>9>7D85 ."PC=?CD C97>96931>D13D9F9D95C1>4G85D85B9D81C@?G5BD?49B53DD8?C513D9F9D95C9>3<E45 2ED1B5>?D <9=9D54D? D85."PC@EB@?C51>445C97>1>4D85B9C;C@1CC54D8B?E78D?9>F5CD?BC D85F?D9>79>D5B5CDC?6 D85." =1>175=5>D C5BF9351>4
?B?D85B17B55=5>DC?6D85." 9>F?<F5=5>D9>D85."PC9>9D91<45C97> 1>4 D85 5H9CD5>35 ?6 5H@<939D ?B 9=@<939D 69>1>391< 7E1B1>D55C "> C9DE1D9?>C G85B5 D85 ?=@1>I 81C 45D5B=9>54D81DD85@?G5B?F5BD85."PCC97>96931>D13D9F9D95C9CC81B54 D85?=@1>I1CC5CC5CG85D85B9D 9CD85@1BDIG9D8D85@?G5B?F5BD85=?CDC97>96931>D13D9F9D95C"6D85?=@1>I9CD85@1BDIG9D8D85@?G5B ?F5B D85 =?CD C97>96931>D 13D9F9D95C 9D =55DC D85 N@?G5BO 3B9D5B91 ?6 D85 @B9=1BI 25>569391BI "6 D85 ?=@1>I 4?5C >?D 81F5 D85 @?G5B ?F5B D85 =?CD C97>96931>D 13D9F9D95C ?B 9D 45D5B=9>5C D81D 4539C9?>C B5AE9B5 3?>C5>D ?6 5138 C81B9>7 @1BDI D85?=@1>I 4?5C >?D=55DD85 N@?G5BO 3B9D5B91 ?6D85 @B9=1BI 25>569391BI

,85 ?=@1>I 1CC5CC5C 9DC F1B912<5 9>D5B5CDC 9> 1 ." 2?D8 9>49F94E1<<I 1>4 9> 177B571D5 D? 45D5B=9>5 G85D85B9D 81C 1> ?2<971D9?>D? 12C?B2<?CC5C ?6 ?B 1 B978DD?B5359F5 25>569DC 6B?=D85 ."D81D 3?E<4 @?D5>D91<<I 25 C97>96931>DD?D85 ." ,85 45D5B=9>1D9?> ?6 G85D85BD85 ?=@1>IPC F1B912<59>D5B5CD9C C97>96931>D D? D85 ." B5AE9B5C :E47=5>D "> 45D5B=9>9>7 D85 C97>96931>35 ?6 D85 ?=@1>IPC F1B912<5 9>D5B5CD 9D 3?>C945BC D85 D5B=C 381B13D5B9CD93C 1>4 C9J5 ?6 D85 F1B912<5 9>D5B5CDC D85 45C97> 1>4 381B13D5B9CD93C ?6 D85 ." 9DC 9>F?<F5=5>D 9> D85 ." 1>4 9DC =1B;5D=1;9>7 13D9F9D95C B5<1D54 D? D85 F1B912<59>D5B5CDC

{27}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

#### *"!%"& %*

,856?<<?G9>7D12<5@B5C5>DC9>6?B=1D9?>12?EDD85?=@1>IPC3?>C?<941D54."C1D&?F5=25B 9>=9<<9?>C,851CC5DC1>4<9129<9D95C9>D85D12<5C25<?G1B5@B5C5>D54@B9?BD?3?>C?<941D9?>1>4D8EC1 @?BD9?>?6D85C51CC5DC1>4<9129<9D95C1B55<9=9>1D549>3?>C?<941D9?>

|                                            | +53EB54E>49>7<br>.5893<5C |
|--------------------------------------------|---------------------------|
| +53EB9D95C@EB381C54E>45B17B55=5>DCD?B5C5<< | <br>                      |
| ,?D1<1CC5DC                                | <br>                      |
| 'D85BC53EB5469>1>39>7C                     | <br>                      |
| ,?D1<<9129<9D95C                           | <br>                      |

 +53EB9D95C @EB381C54 E>45B 17B55=5>DC D? B5C5<< B5@B5C5>D 1=?E>DC 4E5 E>45B 3?<<1D5B1<9J54 DB1>C13D9?>C ?> B5<1D543?>C?<941D545>D9D95C G89381B55<9=9>1D549>3?>C?<941D9?>

*\*' \*##!(*,85?=@1>I9CD85@B9=1BI25>569391BI?61CC5D213;5469>1>39>7F5893<5CD? G8938 9D C5<<C 175>3I 1>4 >?>175>3I B5C945>D91< 1>4 3?==5B391< =?BD7175 <?1>C 1>4 1CC5D213;54 C53EB9D95C @EBCE1>DD?D85D5B=C ?61=1CD5B B5@EB381C517B55=5>D,85?=@1>IPC F1B912<59>D5B5CDC9> D85C5 F5893<5C 3?>C9CD ?6 9DC 3?<<1D5B1< =1B79> =19>D5>1>35 ?2<971D9?>C E>45B D85 =1CD5B B5@EB381C5 17B55=5>D G8938D85?=@1>I=1>175C 1>4 B5D19>549>D5B5CDC9>C53EB9D95C9CCE54,851CC5DC?6D85C5 ."C3?>C9CD?6 B5F5BC5 B5@EB381C517B55=5>DC G89381B51F19<12<5 6?BD8525>569D?6D85F5893<5PC452D 8?<45BC

#### *"!"!%"& %*

,856?<<?G9>7D12<5@B5C5>DC9>6?B=1D9?>12?EDD85?=@1>IPCF1B912<59>D5B5CDC9>>?>3?>C?<941D54."C 9>=9<<9?>C

|                                        | &?F5=25B<br> |  |              |   |       |                      |         |      |
|----------------------------------------|--------------|--|--------------|---|-------|----------------------|---------|------|
|                                        | 1BBI9>7=?E>D |  |              |   |       | %1H9=E=<br>H@?CEB5D? |         |      |
|                                        | CC5DC        |  | \$9129<9D95C |   | \$?CC |                      | ."CC5DC |      |
| \$'C                                   |              |  |              | M |       |                      |         | <br> |
| ?>CE=5B<?1>1>4?D85B1CC5D213;54F5893<5C |              |  |              | M |       |                      |         |      |
| ">F5CD=5>DF5893<5C                     |              |  |              | M |       |                      |         | <br> |
| ,?D1<                                  |              |  |              | M |       |                      |         | <br> |

,85?=@1>IPC=1H9=E=5H@?CEB5D?<?CC?6D5>49665B6B?=D8531BBI9>7F1<E5?6D85F1B912<59>D5B5CDC ,85 =1H9=E= 5H@?CEB5 D? <?CC 9C 45@5>45>D ?> D85 >1DEB5 ?6 D85?=@1>IPC F1B912<5 9>D5B5CDC 9> D85 ."C 1>4 9C <9=9D54 D? D85 >?D9?>1< 1=?E>DC ?6 35BD19> B5=19>9>7 3?==9D=5>DC ,85 ?=@1>IPC =1H9=E=5H@?CEB5D?<?CC4?5C>?D9>3<E45D85?66C5DD9>725>569D?61>I69>1>391<9>CDBE=5>DCD81D=1I25 ED9<9J54 D? 85475 D85 B9C;C 1CC?391D54 G9D8 D85 ?=@1>IPC F1B912<5 9>D5B5CDC 1>4 9C >?D B54E354 2I D85 1=?E>D?63?<<1D5B1<85<41C@1BD?61DB1>C13D9?>G9D81."

*(* CC5DC 3?<<1D5B1<9J9>7 D85 \$'C 9>3<E45 21>; <?1>C @1BD939@1D9?> 9>D5B5CDC 1>4 CE29>F5CD=5>D 7B1451>4C5>9?BC53EB54-+<?1>C,85?=@1>IE>45BGB9D5CC53EB9D95C9CCE549>\$'DB1>C13D9?>C?> 2581<6?6C@?>C?BC1>4@B?F945C14F9C?BIC5BF935CD?D85C@?>C?BC"DCF1B912<59>D5B5CDC9>3?>>53D9?>G9D8 \$'CG85B59D 81C 255>9>F?<F549> @B?F949>7 E>45BGB9D9>71>4
?B14F9C?BI C5BF935C3?>C9CD ?6DB149>7 @?C9D9?>C9>C53EB9D95C9CCE549>1\$'DB1>C13D9?>

*(() !(* ,85 ?=@1>I ?G>C C53EB9D95C 9CCE54 2I D85 F5893<5C ?6 G8938 D85 E>45B<I9>7 1CC5DC3?<<1D5B1<9J9>7D85F5893<5C1B5@B9=1B9<I3?=@B9C54?6E>C53EB543?>CE=5B9>CD1<<=5>D<?1>C1>4

{28}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

DB1453<19=C,85?=@1>I=1I@B?F945CDBE3DEB9>71>414F9C?BIC5BF935C1>413D1C1>E>45BGB9D5B?B @<135=5>D 175>D 6?B C53EB9D95C 9CCE54 2I D85 F5893<5C ,85 ?=@1>I 4?5C >?D 3?>DB?< D85 13D9F9D95C ?6 D85C55>D9D95C

*#+()"#)!(*,85?=@1>I8145AE9DI3?==9D=5>DCD?9>F5CD=9<<9?>9>F1B9?EC9>F5CD=5>D F5893<5C ?6G8938 =9<<9?>G1C 6E>454,8531BBI9>7 F1<E5 ?6D85?=@1>IPC5AE9DI9>F5CD=5>DC G1C=9<<9?>,85?=@1>IPC5H@?CEB5D?<?CC9C<9=9D54D?9DC31BBI9>7F1<E51>4E>6E>4545AE9DI 3?==9D=5>D ,85C5 @B9F1D5 9>F5CD=5>D F5893<5C 81F5 1CC5DC @B9=1B9<I 3?>C9CD9>7 ?6 @B9F1D5 1>4 @E2<93 5AE9DI9>F5CD=5>DC 452D9>CDBE=5>DC1>4F1B9?EC?9<1>471C1CC5DC

*\$') #)'(() \*' \*##!(*">3?>>53D9?>G9D8D85?=@1>IPC C53?>41BI DB149>7 1>4 =1B;5D =1;9>7 13D9F9D95C D85 ?=@1>I 2EIC 1>4 C5<<C 175>3I 1>4 >?>175>3I =?BD7175213;54 C53EB9D95C 1>4 ?D85B 1CC5D213;54 C53EB9D95C G8938 1B5 9CCE54 2I D89B4@1BDI C53EB9D9J1D9?> +(C 1>4 1B5 75>5B1<<I 3?>C945B54 F1B912<5 9>D5B5CDC 9> ."C +53EB9D95C 9CCE54 2I C53EB9D9J1D9?> +(C 1B5 213;54 2I B5C945>D91< =?BD7175 <?1>C -+ 175>3I 3?<<1D5B1<9J54 =?BD7175 ?2<971D9?>C 3?==5B391<=?BD7175<?1>C 'C1>4\$'C1>4?D85B3?>CE=5B<?1>C CE381C9>CD1<<=5>D B5359F12<5C 1ED?<?1>C1>4CDE45>D<?1>C,85C5C53EB9D95C1B5133?E>D546?B1D619BF1<E51>49>3<E4549> 9>1>391<9>CDBE=5>DC?G>549>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>,85?=@1>I81C>? ?D85B9>F?<F5=5>DG9D8D85B5<1D54+(C1>4D85B56?B54?5C>?D3?>C?<941D5D85C55>D9D95C

,85?=@1>I1<C?5>7175C9>E>45BGB9D9>7 @<135=5>D1>4CDBE3DEB9>713D9F9D95C6?BD89B4@1BDIC@?>C?B54 C53EB9D9J1D9?> DBECDC 75>5B1<<I D8B?E78 175>3I &% N1>>95 %15O 545B1< !?=5 \$?1> %?BD7175 ?B@?B1D9?> NB54495 %13O ?B &% N 9>>95 %15O ?B >?>175>3IC@?>C?B54 +(C 1>4 =1I @EB381C5<?1>C?B=?BD7175213;54C53EB9D95C6B?=D89B4@1BD95CD81D1B5CE2C5AE5>D<IDB1>C65BB549>D?D85 C53EB9D9J1D9?>DBECDC,85C53EB9D9J1D9?>C1B5213;542IB5C945>D91<1>43?==5B391<=?BD7175 8?=55AE9DI 1>41ED?<?1>C,85?=@1>I4?5C>?D3?>C?<941D5175>3IC@?>C?B54C53EB9D9J1D9?>C1C9D4?5C>?D81F5 D85@?G5BD?49B53DD8513D9F9D95C?6D85+(CD81D=?CDC97>96931>D<I9=@13DD859B53?>?=93@5B6?B=1>35 EBD85B D85?=@1>I9C>?DD85C5BF935B?6>?>175>3IC@?>C?B54C53EB9D9J1D9?>C1>4D85B56?B54?5C>?D 81F5 @?G5B D? 49B53D D85 =?CD C97>96931>D 13D9F9D95C ?6 D85 +(C 1>4 133?B49>7<I 4?5C >?D 3?>C?<941D5 D85C5 5>D9D95C ,85 ?=@1>I =1I B5D19> E>C?<4 C5>9?B 1>4
?B CE2?B49>1D54 9>D5B5CDC 1D D85 D9=5 ?6 C53EB9D9J1D9?>9>D856?B=?6C53EB9D95C9CCE542ID85+(C

D&?F5=25B D85?=@1>I 85<4 =9<<9?> ?6 175>3I=?BD7175213;54 C53EB9D95C 1>4  =9<<9?> ?6 >?>175>3I =?BD7175213;54 1>4 ?D85B 1CC5D213;54 C53EB9D95C 1C 1 B5CE<D ?6 9DC C53?>41BIDB149>7 1>4 =1B;5D =1;9>7 13D9F9D95C 1>4 E>45BGB9D9>7 @<135=5>D 1>4 CDBE3DEB9>7 13D9F9D95C 1>4B5C53EB9D9J1D9?>13D9F9D95C,85?=@1>IPC=1H9=E=5H@?CEB5D?<?CC?>D85C5C53EB9D95C9C<9=9D54D? D8531BBI9>7F1<E5?69DC9>F5CD=5>DC9>D85C5C53EB9D95C,85C5=?BD7175213;541>4?D85B1CC5D213;54 C53EB546E>49>7F5893<5C49C3ECC541B5>?D9>3<E4549>D8512?F5D12<53?>D19>9>79>6?B=1D9?>12?EDD85 ?=@1>IPCF1B912<59>D5B5CDC9>>?>3?>C?<941D54."C

{29}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

## **\$( \$! "+ &! \$!\$% \$% \$ !\$ ,&! %**

,856?<<?G9>79C1CE==1BI?6D85=1:?B31D57?B95C?6B5359F12<56B?= 1>4@1I12<5D? 2B?;5BC 451<5BC 1>43<51B9>7?B71>9J1D9?>C1D&?F5=25B 9>D8?EC1>4C

|                                    | *5359F12<5 |      |  | (1I12<5 |  |  |
|------------------------------------|------------|------|--|---------|--|--|
| ,B145C9>@B?35CC?6C5DD<5=5>D<br>>5D |            | <br> |  | M       |  |  |
| %1B79>6B?=1669<91D5C1>42B?;5BC     |            | <br> |  | <br>    |  |  |
| +53EB9D95C619<54D?45<9F5B B5359F5  |            | <br> |  | <br>    |  |  |
| <51B9>7?B71>9J1D9?>C               |            |      |  | M       |  |  |
| 'D85B                              |            | <br> |  | <br>    |  |  |
| ,?D1<                              |            | <br> |  | <br>    |  |  |

### **!!) & %%&%**

### *\$\$,!!
"%'"#)()#*

D &?F5=25B 7??4G9<< 1=?E>D54 D?  =9<<9?> ,85 ?=@1>IPC 1>>E1< 7??4G9<< 9=@19B=5>D D5CD9>7 1D E7ECD 494 >?D 9>4931D5 1>I 7??4G9<< 9=@19B=5>D 4F5BC5 =1B;5D ?B 53?>?=93 5F5>DC 3?E<4 B5CE<D9>9=@19B=5>D 381B75C9> 6EDEB5 @5B9?4C CD9=1D9>7D85 619B F1<E5 ?6D85 ?=@1>I B5AE9B5C =1>175=5>D :E47=5>D ,85 5CD9=1D54 619B F1<E5 ?6 D85 ?=@1>I G1C 45D5B=9>54 EC9>7 1 =1B;5D F1<E1D9?> =5D8?4 D81D 9>3?B@?B1D5C @B935D?51B>9>7C 1>4 @B935D?2??; =E<D9@<5C ?6 3?=@1B12<5@E2<933?=@1>95C->45BD85=1B;5DF1<E1D9?>1@@B?138 D85;5I1CCE=@D9?>C1B5D85C5<53D54 =E<D9@<5C1>4D85?=@1>IPC9>D5B>1<<I45F5<?@546?B531CDC?66EDEB5@B?69D129<9DI 7B?GD81>4B5DEB>?> 5AE9DI "> 1449D9?> 1C D85 619B F1<E5C 45D5B=9>54 E>45B D85 =1B;5D F1<E1D9?> 1@@B?138 B5@B5C5>D 1 >?>3?>DB?<<9>79>D5B5CD D85?=@1>I1@@<95413?>DB?<@B5=9E=D?1BB9F51DD855CD9=1D54619BF1<E5?>1 3?>DB?<<9>721C9C

### *#)#!(()(*

">D1>792<51CC5DC1B59>3<E4549>'D85B1CC5DC9>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>,85 6?<<?G9>7D12<5@B5C5>DCD857B?CC31BBI9>71=?E>D 381>75C9>31BBI9>71=?E>D >5D31BBI9>71=?E>D1>4 G5978D54 1F5B175 1=?BD9J1D9?> @5B9?4 ?6 945>D96912<5 9>D1>792<5 1CC5DC 1D &?F5=25B 9> D8?EC1>4C

|                                                          | B?CC3?CD | "=@19B=5>D<br><?CC5C | 33E=E<1D54<br>1=?BD9J1D9?> | &5D31BBI9>7<br>1=?E>D | /5978D54<br>1F5B175<br>B5=19>9>7<br><9F5CI51BC |
|----------------------------------------------------------|----------|----------------------|----------------------------|-----------------------|------------------------------------------------|
| ECD?=5BB5<1D9?>C89@C                                     | <br>     | <br>M                | <br><br>                   | <br>                  | <br>                                           |
| ,B145>1=5                                                | <br><br> | <br>M                | <br><br>                   | <br>                  | <br>                                           |
| H381>751>43<51B9>7?B71>9J1D9?><br>=5=25BC89@9>D5B5CDC1>4 |          |                      |                            |                       |                                                |
| B579CDB1D9?>C                                            | <br><br> | <br>                 | M                          | <br><br>              | &                                              |
| ,?D1<                                                    | <br>     | <br>                 | <br>                       | <br>                  |                                                |

,85?=@1>I@5B6?B=549DC1>>E1<9=@19B=5>DD5CD9>7?69>D1>792<51CC5DCG9D81>9>4569>9D5EC56E<<965 G89383?>C9CDC?65H381>751>43<51B9>7?B71>9J1D9?>=5=25BC89@9>D5B5CDC1>4B579CDB1D9?>C 1DE7ECD  ,85 ?=@1>I 5<53D54 D? @5B6?B= AE1>D9D1D9F5 1CC5CC=5>DC ?6 =5=25BC89@ 9>D5B5CDC 1>4 B579CDB1D9?>C D81D 81F5 1F19<12<5 AE?D54 C1<5C @B935C 1C G5<< 1C 35BD19> ?D85B =5=25BC89@ 9>D5B5CDC 1>4

{30}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

B579CDB1D9?>C D81D 81F5 453<9>54 9> ED9<9J1D9?> 1>4 AE1<9D1D9F5 1CC5CC=5>DC G5B5 @5B6?B=54 ?> D85 B5=19>45B?6D859>4569>9D5<9659>D1>792<51CC5DC">1@@<I9>7D85AE1>D9D1D9F51CC5CC=5>DC D85?=@1>I B53?7>9J549=@19B=5>D<?CC5C?>35BD19>5H381>75=5=25BC89@9>D5B5CDC1>4B579CDB1D9?>C/9D8B571B4D? D85 AE1<9D1D9F5 1CC5CC=5>DC ?6 D85 B5=19>9>7 9>4569>9D5<965 9>D1>792<5 1CC5DC 21C54 ?> D85 ?=@1>IPC 1CC5CC=5>D?6=1B;5D3?>49D9?>C D85ED9<9J1D9?>?6D851CC5DC1>4D85B5@<135=5>D3?CDC1CC?391D54G9D8D85 1CC5DC D85 ?=@1>I 81C 3?>3<E454 D81D 9D 9C >?D =?B5 <9;5<I D81> >?D D81D D85 9>D1>792<5 1CC5DC 1B5 9=@19B54

### **%!\$&&\$!\$\$!) % \$&&+**

+8?BDD5B= 2?BB?G9>7C 3?>C9CD ?6 21>;<?1>CD81D 1B5 @1I12<5 ?> 45=1>4 1>4 75>5B1<<I 251B9>D5B5CD 1D C@B514C ?F5B D85 6545B1< 6E>4C B1D5 1>; <?1>C 1D &?F5=25B D?D1<54  =9<<9?> D &?F5=25B D85G5978D541F5B1759>D5B5CDB1D5?>C8?BDD5B=2?BB?G9>7C?EDCD1>49>7G1C @5B1>>E=,85?=@1>IPC+8?BDD5B=2?BB?G9>7C1B5B53?B4541D3?CD9>D85?>C?<941D54+D1D5=5>D?6 9>1>391<?>49D9?> G89389C1B51C?>12<51@@B?H9=1D9?>?6D859B619BF1<E5C4E5D?D859B<9AE941>4C8?BD D5B=>1DEB5

,85 1>; ?6 &5G 0?B; %5<<?> 17B55C D? =1;5 B5F?<F9>7 9>DB141I 3B549D 14F1>35C N">DB141I B549D 139<9DIO6?B1>177B571D53?==9DD541=?E>D?6=9<<9?>,85">DB141IB549D6139<9DI9CCDBE3DEB54 C?D81D14F1>35C1B575>5B1<<IB5@194256?B5D855>4?651382EC9>5CC41I!?G5F5B 961>14F1>359C>?D B5@194 2I D85 5>4 ?6 1>I 2EC9>5CC 41I D85 14F1>35 9C 3?>F5BD54 D? 1> ?F5B>978D <?1> ">DB141I <?1>C 133BE59>D5B5CD1D1B1D5?6">D5B5CD9C381B75421C54?>D85>E=25B?6=9>ED5C9>141ID8514F1>35 9C?EDCD1>49>7'F5B>978D<?1>C1B5381B7549>D5B5CD1DD8521C5 B1D5@<EC?>1419<I21C9C,8521C5 B1D59CD8589785B?6D856545B1<6E>4CB1D5@<EC?BD85@B9=5B1D59>56653D1DD81DD9=5,85">DB141I B549D 139<9DI 3?>D19>C 69>1>391< 3?F5>1>DC G8938 9>3<E45C 1 =9>9=E= B57E<1D?BI >5D 31@9D1< B5AE9B5=5>D 6?B D85 ?=@1>I D &?F5=25B D85 ?=@1>IG1C 9> 3?=@<91>35 G9D8 1<< 452D 3?F5>1>DCE>45BD85">DB141IB549D139<9DI

#### **&%%'!\$ &&!%! \$\$&!\$%**

D&?F5=25B D85?=@1>I81C?EDCD1>49>72?BB?G9>7C?6 =9<<9?>9>177B571D5 6B?= D85 (1B5>D E>45B CE2?B49>1D54 <?1> 17B55=5>DC ,85 CE2?B49>1D54 <?1> 17B55=5>DC 3?>C9CD ?6 D85 6?<<?G9>79>=9<<9?>C

|                                            | 'EDCD1>49>7<br>=?E>D | %1DEB9DI |  |
|--------------------------------------------|----------------------|----------|--|
|                                            |                      |          |  |
| 1C8CE2?B49>1D54<?1>17B55=5>D               | <br><br>             | @B9<<br> |  |
| *5F?<F9>7>?D51>431C8CE2?B49>1D9?>17B55=5>D | <br>                 | @B9<<br> |  |
| *5F?<F9>7>?D51>431C8CE2?B49>1D9?>17B55=5>D | <br>M                | %1I<br>  |  |
| ,?D1<                                      | <br><br>             |          |  |

 <sup>,89</sup>C 17B55=5>D 814 1> 9>9D91< C9H I51B D5B= 251BC 9>D5B5CD 1D 1 B1D5 ?6  @5B 1>>E= 1>4 1ED?=1D931<<I 5HD5>4C 6?B 1449D9?>1< ?>5 I51B @5B9?4C E><5CC C@5396954 13D9?>C 1B5D1;5> @B9?BD?D85 =1DEB9DI 41D5 2ID85 ?=@1>I?B(1B5>D

 ,85 ?=@1>I 81C 1 D5> I51B  =9<<9?> B5F?<F9>7 >?D5 1>4 31C8 CE2?B49>1D9?> 17B55=5>D =?E>DC 2?BB?G54E>45BD89C17B55=5>D251B9>D5B5CD1D1B1D517B5541DD85D9=5?6D8514F1>351>41B5D?25B5@1949> 6E<<2I@B9< 

{31}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

 ,85 ?=@1>I 81C 1 D5> I51B  =9<<9?> B5F?<F9>7 >?D5 1>4 31C8 CE2?B49>1D9?> 17B55=5>D =?E>DC 2?BB?G54E>45BD89C17B55=5>D251B9>D5B5CD1D1B1D517B5541DD85D9=5?6D8514F1>351>41B5D?25B5@1949> 6E<<2I%1I D&?F5=25B D85B5G5B5>?2?BB?G9>7C?EDCD1>49>7E>45BD89C17B55=5>D

=?E>DC 2?BB?G54 2I D85 ?=@1>I E>45B D85 CE2?B49>1D54 <?1> 17B55=5>DC 81F5 255> 1@@B?F54 2I "&\*1>4D85& 1>4D85B56?B5 AE1<96I1C31@9D1<9>3?=@ED9>7>5D31@9D1<E>45B+\*E<53 &5D 1@9D1< E>45B D85 3D N\*E<5 3O ,? D85 5HD5>D D81D CE38 2?BB?G9>7C 1B5 B5AE9B54 6?B D85 ?=@1>IPC3?>D9>E543?=@<91>35G9D8=9>9=E=>5D31@9D1<B5AE9B5=5>DC D85I=1I>?D25B5@194

### **%%**

,85 ?=@1>I 5>D5BC 9>D? <51C5 1>4 CE2<51C5 17B55=5>DC @B9=1B9<I 6?B ?66935 C@135 13B?CC <?31D9?>C G9D89>D85-+9>1>35<51C5\*'-1CC5DC1>469>1>35<51C5<9129<9D95C1B5>?D=1D5B91<">6?B=1D9?>B5<1D54 D??@5B1D9>7<51C5C9>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>1D&?F5=25B G1C1C 6?<<?GC9>D8?EC1>4C 5H35@D<51C5D5B=1>449C3?E>DB1D5

| (B5=9C5C1>45AE9@=5>D*'-1CC5DC | <br><br> |
|-------------------------------|----------|
| /5978D541F5B175               |          |
| *5=19>9>7<51C5D5B=9>I51BC     |          |
| 9C3?E>DB1D5                   |          |

,85 6?<<?G9>7 D12<5 @B5C5>DC D85 =1DEB9D95C ?6 D85 ?=@1>IPC ?@5B1D9>7 <51C5 <9129<9D95C 1>4 1 B53?>39<91D9?>D?D85 \$51C5<9129<9D95C9>3<E4549>D85 ?>C?<941D54 +D1D5=5>D ?6 9>1>391< ?>49D9?> 1D &?F5=25B 9>D8?EC1>4C

| 9C31<051B                                                        | \$51C5\$9129<9D95C |
|------------------------------------------------------------------|--------------------|
|                                                                  | <br><br>           |
|                                                                  | <br><br>           |
|                                                                  | <br><br>           |
|                                                                  | <br><br>           |
|                                                                  | <br><br>           |
| 1>4D85B516D5B                                                    | <br><br>           |
| ,?D1<E>49C3?E>D5431C86<?GC                                       | <br><br>           |
| \$5CC9665B5>3525DG55>E>49C3?E>D541>449C3?E>D5431C86<?GC          | <br><br>           |
| '@5B1D9>7<51C5C1=?E>D9>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?> | <br><br>           |
| 9>1>35<51C5C1=?E>D9>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>    | <br>               |
| ,?D1<1=?E>D9>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>           | <br><br>           |

{32}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

### **! &\$& % ! &\$&!%&%)&'%&!\$%**

### *\$#)')!#(*

,85 D9=9>7 ?6 D85 ?=@1>IPC B5F5>E5 B53?7>9D9?> =1I 49665B 6B?= D85 D9=9>7 ?6 @1I=5>D 2I D85 ?=@1>IPC3ECD?=5BC,85?=@1>IB53?B4C1B5359F12<5G85>B5F5>E59CB53?7>9J54@B9?BD?@1I=5>D 1>481F51>E>3?>49D9?>1< B978DD?D85@1I=5>D<D5B>1D9F5<I G85>@1I=5>D@B53545CD85@B?F9C9?>?6 D85 B5<1D54 C5BF935C D85 ?=@1>I B53?B4C 4565BB54 B5F5>E5 E>D9< D85 @5B6?B=1>35 ?2<971D9?>C 1B5 C1D9C6954

,85 ?=@1>I 814 B5359F12<5C B5<1D54 D? B5F5>E5C 6B?= 3?>DB13DCG9D8 3ECD?=5BC ?6  =9<<9?> 1D &?F5=25B ,85?=@1>I814>?C97>96931>D9=@19B=5>DCB5<1D54D?D85C5B5359F12<5C4EB9>7D85 I51B5>454&?F5=25B 

,85?=@1>IPC4565BB54B5F5>E5@B9=1B9<IB5<1D5CD?B5D19>5B1>4=9<5CD?>5655CB5359F549>9>F5CD=5>D 21>;9>7 14F9C?BI 5>7175=5>DC G85B5 D85 @5B6?B=1>35 ?2<971D9?> 81C >?D I5D 255> C1D9C6954 565BB54 B5F5>E5 1D &?F5=25B G1C  =9<<9?> 1>4 G1C B53?B454 9> 33BE54 5H@5>C5C 1>4 ?D85B <9129<9D95C9>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>

### *\$#)')\$()(*

,85 ?=@1>I 31@9D1<9J5C 3?CDC D? 6E<69<< 3?>DB13DC 1CC?391D54 G9D8 9>F5CD=5>D 21>;9>7 14F9C?BI 5>7175=5>DC G85B5 D85 B5F5>E5 9C B53?7>9J54 1D 1 @?9>D 9> D9=5 1>4 D85 3?CDC 1B5 45D5B=9>54 D? 25 B53?F5B12<5D&?F5=25B 31@9D1<9J543?CDCD? 6E<69<<13?>DB13DG5B5 =9<<9?> G89381B5 B53?B4549>\*5359F12<5CL55C 9>D5B5CD1>4?D85B9>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>

### **!&\*%**

,85?=@1>I9C1C9>7<5=5=25B<9=9D54<9129<9DI3?=@1>IDB51D541C149CB571B4545>D9DI6?B6545B1<1>4 CD1D5 9>3?=5 D1H @EB@?C5C 565BB54 9>3?=5 D1H 1CC5DC 1>4 <9129<9D95C 1B5 @B?F9454 6?B D5=@?B1BI 49665B5>35C 25DG55> D85 D1H 21C9C ?6 1> 1CC5D ?B <9129<9DI 1>4 9DC B5@?BD54 1=?E>D 9> D85 ?>C?<941D54 +D1D5=5>D?69>1>391<?>49D9?>,85C5D5=@?B1BI49665B5>35CB5CE<D9>D1H12<5?B454E3D92<51=?E>DC9> 6EDEB5I51BC1>41B5=51CEB54ED9<9J9>7D1HB1D5CD81DG9<<259>56653DG85>CE3849665B5>35C1B55H@53D54 D?B5F5BC5

,853E=E<1D9F5D1H56653DC?6D5=@?B1BI49665B5>35CD81D79F5B9C5D?C97>96931>D@?BD9?>C?6D854565BB54 D1H1CC5DC1>4<9129<9D95C1B5@B5C5>D5425<?G9>D8?EC1>4C

|                                              | &?F5=25B<br> |  |
|----------------------------------------------|--------------|--|
| 565BB54D1H1CC5DC                             |              |  |
| ?=@5>C1D9?>1>425>569DC                       | <br><br>     |  |
| '@5B1D9>7<51C5<9129<9D95C                    | <br><br>     |  |
| 'D85B1CC5DC                                  | <br><br>     |  |
| ,?D1<4565BB54D1H1CC5DC                       | <br><br>     |  |
| 565BB54D1H<9129<9D95C                        |              |  |
| '@5B1D9>7<51C5B978D?6EC51CC5DC               | <br><br>     |  |
| =?BD9J1D9?>?69>D1>792<5C                     | <br><br>     |  |
| 'D85B<9129<9D95C                             | <br><br>     |  |
| ,?D1<4565BB54D1H<9129<9D95C                  | <br><br>     |  |
| &5D4565BB54D1H1CC5D<br>9>3<E4549>'D85B1CC5DC | <br><br>     |  |

{33}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

%1>175=5>D25<95F5C9D9C=?B5<9;5<ID81>>?DD81DD85?=@1>IG9<<75>5B1D5CE669395>DD1H12<59>3?=5 9> D85 6EDEB5 D? B51<9J5 D85 4565BB54 D1H 1CC5D 1>4 D85B56?B5 >? F1<E1D9?> 1<<?G1>35 9C B5AE9B54 1D &?F5=25B 

,85?=@1>IPCE>B53?7>9J54D1H25>569DC1B5B53?B4541DD85?=@1>I1>4C5DD<54G9D8D85(1B5>D,85 D?D1<1=?E>D ?6 E>B53?7>9J54 25>569DC1DDB92ED12<5D?D85?=@1>ID81D 96 B53?7>9J54 G?E<416653DD85 56653D9F5D1HB1D59C=9<<9?>>5D?6545B1<25>569D1D&?F5=25B 

,85?=@1>I9CE>45B5H1=9>1D9?>9>?D85B=1:?BD1H:EB9C493D9?>C,85?=@1>I4?5C>?D5H@53DD81D D85B5C?<ED9?>?6D85C55H1=9>1D9?>CG9<<81F51=1D5B91<56653D?>9DC69>1>391<@?C9D9?> 2ED3?E<481F51 =1D5B91<9=@13D?>9DCB5CE<DC?6?@5B1D9?>C6?BD85@5B9?49>G8938CE38B5C?<ED9?>?33EBC"D9CB51C?>12<I @?CC92<5D81D G9D89>D85>5HDDG5<F5=?>D8C F1B9?ECD1H5H1=9>1D9?>CG9<<253?>3<E4541>4CD1DED5C?6 <9=9D1D9?>G9<<5H@9B5G8938G?E<481F5D8556653D?6B54E39>7D8521<1>35?6E>B53?7>9J54D1H25>569DC2I =9<<9?>

,85D12<5 25<?G CE==1B9J5CD85 51B<95CDD1H I51BCD81D B5=19> CE2:53DD? 5H1=9>1D9?>9>D85=1:?BD1H :EB9C493D9?>C9>G8938D85?=@1>I?@5B1D5C

| @=5>05/?5:9  | &-C+1-= |
|--------------|---------|
| ->9D54+D1D5C |         |
| &5G#5BC5I    |         |
| &5G0?B;+D1D5 |         |
| &5G0?B;9DI   |         |

### **!& &% '\$ &%**

### *" & !&%*

,856?<<?G9>7D12<5CE==1B9J5CD85?=@1>IPC3?==9D=5>DC1D&?F5=25B 9>=9<<9?>C

|                            | H@53D54%1DEB9DI1D5 |      |  |   |         |   |         |   |               |   |                   |      |
|----------------------------|--------------------|------|--|---|---------|---|---------|---|---------------|---|-------------------|------|
|                            |                    |      |  |   | 1>4<br> |   | 1>4<br> |   | 1>4<br>\$1D5B |   | %1H9=E=<br>(1I?ED |      |
| ->45BGB9D9>73?==9D=5>DC    |                    |      |  | M |         | M |         | M |               | M |                   |      |
| ?BG1B4CD1BD9>7B5F5BC5B5@?C |                    | <br> |  | M |         | M |         | M |               | M |                   | <br> |
| ?BG1B4CD1BD9>7B5@?C        |                    | <br> |  | M |         | M |         | M |               | M |                   | <br> |
| ,?D1<                      |                    |      |  | M |         | M |         | M |               | M |                   | <br> |

 D &?F5=25B  =9<<9?> G9D89> 6?BG1B4 CD1BD9>7 C53EB9D95C @EB381C54 E>45B 17B55=5>DC D? B5C5<< 1>4  =9<<9?> G9D89> 6?BG1B4 CD1BD9>7 C53EB9D95CC?<4 E>45B 17B55=5>DC D? B5@EB381C5 C5DD<54 G9D89>D8B552EC9>5CC41IC

*#',')#\$"")"#)(1*">3?>>53D9?>G9D89>F5CD=5>D21>;9>713D9F9D95C D85?=@1>I=1I6B?= D9=5D?D9=5@B?F945E>45BGB9D9>73?==9D=5>DCD?3<95>DC9>3?>>53D9?>G9D831@9D1<B19C9>7DB1>C13D9?>C

 *\$',')')#+'(%\$(#%\$(1*,85?=@1>I5>D5BC9>D?3?==9D=5>DCD?D1;5@?CC5CC9?> ?6C53EB9D95CG9D817B55=5>DCD?B5C5<<?>16?BG1B4CD1BD9>721C9C1>4D?C5<<C53EB9D95CG9D817B55=5>DCD? B5@EB381C5 ?> 1 6?BG1B4 CD1BD9>7 21C9C D81D 1B5 @B9=1B9<I C53EB54 2I -+ 7?F5B>=5>D 1>4 175>3I C53EB9D95C

{34}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

### *'\$!&%*

*'+)+\$#)')(1*,85?=@1>I81CGB9DD5>5AE9DI@ED?@D9?>CD81D=55DD85133?E>D9>74569>9D9?> ?617E1B1>D55E>45B-+ (,85=1H9=E=@1I?ED?>D85C53?>DB13DC31>>?D25AE1>D96954C9>35D85 9>3B51C59>5AE9DIC53EB9DI@B935C1B5>?D3?>DB13DE1<<I<9=9D542ID85D5B=C?6D853?>DB13DCCE38 D85 ?=@1>I 81C 49C3<?C54 >?D9?>1< F1<E5C 1C 1 =51CEB5 ?6 D85 =1H9=E= @?D5>D91< @1I?ED E>45B D85C5 3?>DB13DC

,856?<<?G9>7D12<5CE==1B9J5CD85>?D9?>1<1=?E>DC1CC?391D54G9D8D85?=@1>IPC45B9F1D9F53?>DB13DC =55D9>7D854569>9D9?>?617E1B1>D55E>45B-+ (1D&?F5=25B 9>=9<<9?>C

|                                        | H@53D54%1DEB9DI1D5 |      |  |  |         |  |         |   |               |   |                   |      |
|----------------------------------------|--------------------|------|--|--|---------|--|---------|---|---------------|---|-------------------|------|
| E1B1>D55,I@5                           |                    |      |  |  | 1>4<br> |  | 1>4<br> |   | 1>4<br>\$1D5B |   | ,?D1<<br>&?D9?>1< |      |
| 5B9F1D9F53?>DB13DC>?>3B549D<br>B5<1D54 |                    | <br> |  |  |         |  |         | M |               | M |                   | <br> |

"D9C=1>175=5>DPC25<956D81D>?D9?>1<1=?E>DC75>5B1<<I?F5BCD1D55H@53D54@1I?ED1>4D81D619BF1<E5?6 D85C53?>DB13DC9C1=?B5B5<5F1>D=51CEB5?6D85?=@1>IPC?2<971D9?>CD&?F5=25B D85619B F1<E5 ?6 45B9F1D9F53?>DB13DC=55D9>7D85 4569>9D9?> ?61 7E1B1>D559C1<9129<9DI ?61@@B?H9=1D5<I  =9<<9?> ,85 ?=@1>I CE2CD1>D91<<I =9D971D5C 9DC 5H@?CEB5 D? =1B;5D B9C; ?> D85C5 3?>DB13DC D8B?E78 85475C CE381C?D85B45B9F1D9F53?>DB13DC1>4
?B31C89>CDBE=5>DC,85?=@1>I=1>175CB9C;1CC?391D54 G9D8 45B9F1D9F5 3?>DB13DC =55D9>7 D85 4569>9D9?> ?6 1 7E1B1>D55 3?>C9CD5>D G9D8 9DC B9C; =1>175=5>D @?<9395C

*)'\*'#)(1*,85?=@1>I9C1=5=25B?6F1B9?EC5H381>75C1>43<51B9>78?EC5C">D85>?B=1< 3?EBC5?62EC9>5CCD85?=@1>I@B?F945C7E1B1>D55CD?C53EB9D95C3<51B9>78?EC5C1>45H381>75C,85C5 7E1B1>D55C 75>5B1<<I 1B5 B5AE9B54 E>45B D85 CD1>41B4 =5=25BC89@ 17B55=5>DC CE38 D81D =5=25BC 1B5 B5AE9B54D?7E1B1>D55D85@5B6?B=1>35?6?D85B=5=25BC449D9?>1<<I 961=5=25B253?=5CE>12<5D? C1D9C6I9DC?2<971D9?>CD?D853<51B9>78?EC5 ?D85B=5=25BCG?E<425B5AE9B54D?=55DD85C5C8?BD61<<C,? =9D971D5 D85C5 @5B6?B=1>35 B9C;C D85 5H381>75C 1>4 3<51B9>7 8?EC5C ?6D5> B5AE9B5 =5=25BC D? @?CD 3?<<1D5B1<,85?=@1>IPC?2<971D9?>CE>45BCE387E1B1>D55C3?E<45H3554D853?<<1D5B1<1=?E>DC@?CD54 ,85=1H9=E= @?D5>D91<<9129<9DI E>45BD85C51BB1>75=5>DC31>>?D 25 AE1>D96954 8?G5F5B D85 @?D5>D91< 6?BD85?=@1>ID?25B5AE9B54D?=1;5@1I=5>DCE>45BCE387E1B1>D55C9C455=54B5=?D533?B49>7<I >? <9129<9DI 81C 255> B53?7>9J54 6?B D85C5 7E1B1>D55C 449D9?>1<<I D85 ?=@1>I @B?F945C 35BD19> 9>45=>96931D9?>C 9> 3?>>53D9?> G9D8 D89B4@1BDI 3<51B9>7 1>4 5H53ED9?> 1BB1>75=5>DC G85B52I 1 D89B4 @1BDI =1I 3<51B 1>4 C5DD<5 DB1>C13D9?>C ?> 2581<6 ?6 3<95>DC ,85C5 9>45=>96931D9?>C 75>5B1<<I 81F5 CD1>41B4 3?>DB13DE1< D5B=C 1>4 1B5 5>D5B54 9>D? 9> D85 ?B49>1BI 3?EBC5 ?6 2EC9>5CC ,85 ?=@1>IPC ?2<971D9?>9>B5C@53D?6CE38DB1>C13D9?>C1B5C53EB542ID851CC5DC9>D853<95>DPC133?E>D 1CG5<<1C1>I @B?3554C B5359F54 6B?= D85 DB1>C13D9?>C 3<51B54 1>4 C5DD<54 ?> 2581<6 ?6 D85 3<95>D !?G5F5B D85 ?=@1>I25<95F5CD81D9D9CE><9;5<ID85?=@1>IG?E<481F5D?=1;51>I=1D5B91<@1I=5>DCE>45BD85C5 1BB1>75=5>DC1>4>?=1D5B91<<9129<9D95CB5<1D54D?D85C59>45=>96931D9?>C81F5255>B53?7>9J54

{35}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

### **\$&"\$&+&\$ %&! %**

">D85?B49>1BI3?EBC5?62EC9>5CC D85?=@1>I?2D19>C14F1>35C 6B?=D85(1B5>D G89381B575>5B1<<I @1I12<5 ?> 45=1>4,85?=@1>I @B?F945C F1B9?ECDB149>7 C53EB9D95C<5>49>7 3<51B9>7 5H53ED9?>1>4 14=9>9CDB1D9F5C5BF935CD?CE2C9491B95C?6D85(1B5>D1>4D85-<D9=1D5(1B5>D,85(1B5>DC5DD<5C35BD19>?6 D85C521<1>35CG9D8D85CE2C9491B95C?>2581<6?6D85?=@1>I">1449D9?> D85(1B5>DC5DD<5CD85@1I=5>D ?6F1B9?EC75>5B1<1>414=9>9CDB1D9F5 C5BF935CG9D835BD19>?6D85?=@1>IPC1669<91D5C?>2581<6?6D85 ?=@1>I

1<1>35CG9D8B5<1D54@1BD95CB56<53D549>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>1B5C5D6?BD8 25<?G9>D8?EC1>4C

|                                                      |  | &?F5=25B<br><br> |  |  |
|------------------------------------------------------|--|------------------|--|--|
| >>1?>                                                |  |                  |  |  |
| 9>1>391<9>CDBE=5>DC?G>54<br>1D619BF1<E5              |  | <br>             |  |  |
| +53EB9D95C2?BB?G54                                   |  | <br>             |  |  |
| +53EB9D95C@EB381C54E>45B17B55=5>DCD?B5C5<<           |  | <br><br>         |  |  |
| *5359F12<5CB?;5BC<br>451<5BC1>43<51B9>7?B71>9J1D9?>C |  |                  |  |  |
| *5359F12<5C55C<br>9>D5B5CD1>4?D85B                   |  | <br>             |  |  |
| *5359F12<5CE56B?=1669<91D5C                          |  | <br>             |  |  |

### **5-.575?51>**

| +53EB9D95C<?1>54                          | <br><br> |
|-------------------------------------------|----------|
| +53EB9D95CC?<4E>45B17B55=5>DCD?B5@EB381C5 | <br><br> |
| (1I12<5CECD?=5BC                          | <br><br> |
| (1I12<5CE5D?(1B5>D1>41669<91D5C           | <br><br> |
| 33BE545H@5>C5C1>4?D85B<9129<9D95C         | <br><br> |

**&=-059371-=-9/1 -9008595>?=-?5A1/?5A5?51>**M%1>175=5>D 25<95F5C 1=?E>DC 1B9C9>7D8B?E78 B5<1D54@1BDIDB1>C13D9?>C1B5B51C?>12<51>41@@B?H9=1D51=?E>DCD81DG?E<481F5255>B53?B45496D85 ?=@1>I ?@5B1D54 1C 1> E>1669<91D54 5>D9DI =?E>DC E5 D? 1>4 E5 6B?= 1669<91D5C 1B5 @5B9?4931<<I C5DD<549> 31C8,85?=@1>I 81C 5>D5B549>D? 5H@5>C5 C81B9>7 17B55=5>DCG9D8 CE2C9491B95C 1>4 ?D85B 1669<91D5C ?6 D85 (1B5>D 1>4 -<D9=1D5 (1B5>D 449D9?>1<<I D85 ?=@1>I 81C 5>D5B54 9>D? 3<51B9>7 1>4 5H53ED9?>17B55=5>DCG9D8#5665B95C">D5B>1D9?>1<\$9=9D54N#"\$O

**1.?%1/@=5?51>:2?41"-=19?-90'7?58-?1"-=19?**M">3?>>53D9?>G9D89DC31@9D1<=1B;5DC13D9F9D95C 6B?= D9=5 D? D9=5 D85 ?=@1>I =1;5C 1 =1B;5D 9> <?>7D5B= 452D C53EB9D95C ?6 D85 (1B5>D 1>4 D85 -<D9=1D5 (1B5>D *-* D85 ?=@1>I 2EIC 1>4 C5<<C 452D C53EB9D95C 9CCE54 2I 9DC (1B5>D 1>4 -<D9=1D5 (1B5>DD&?F5=25B 1@@B?H9=1D5<I=9<<9?>1>4=9<<9?>?6452DC53EB9D95C9CCE542I D85(1B5>D1B59>3<E4549>9>1>391<9>CDBE=5>DC?G>541>49>1>391<9>CDBE=5>DCC?<4 >?DI5D@EB381C54 B5C@53D9F5<I 9>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?> 1>4=9<<9?>?6452D9CCE542ID85 -<D9=1D5(1B5>D1B59>3<E4549>9>1>391<9>CDBE=5>DC?G>549>D85?>C?<941D54+D1D5=5>D?69>1>391< ?>49D9?>

**1=6-05-:881=/5-7:=?3-31:70593-F1=6-05-G**MD&?F5=25B 9>D85>?B=1< 3?EBC5?69DCC53EB9D95C=1B;5D7B?E@2EC9>5CCD85?=@1>I8143?==9D=5>DCD?@EB381C5=9<<9?> 9>175>3I%+6B?=5B;1491 G89389C@1BD91<<I?G>542ID85(1B5>D

{36}------------------------------------------------

#### **!&%&!! %!&%&& &! ! &! ! & ' !(\$**

**9A1>?819?> 59 1031 @90>** M ,85 ?=@1>I 81C 1> 9>F5CD=5>D 9> 1 85475 6E>4 =1>1754 2I 1> 1669<91D5?6D85-<D9=1D5(1B5>D?6=9<<9?>1D&?F5=25B 9>3<E4549>9>1>391<9>CDBE=5>DC ?G>549>D85?>C?<941D54+D1D5=5>D?69>1>391<?>49D9?>

**!225/1=> 5=1/?:=> -90 8;7:D11>**M \*5359F12<5C 6B?= 1>4 @1I12<5C D? 3ECD?=5BC 9>3<E45 21<1>35C 1B9C9>7 6B?=?66935BCP 49B53D?BCP1>45=@<?I55CP9>49F94E1<C53EB9DIDB1>C13D9?>C,85C5DB1>C13D9?>C1B5 CE2:53DD?D85 C1=5 B57E<1D9?>C1C1<<3ECD?=5BDB1>C13D9?>C1>41B5 @B?F9454 ?> CE2CD1>D91<<ID85 C1=5 D5B=C

### **\$'&!\$+\$#'\$ &%**

,85 ?=@1>I 9C 1 B579CD5B54 2B?;5B451<5B 1>4 % 1>4 133?B49>7<I 9C CE2:53D D? D85 >5D 31@9D1< B5AE9B5=5>DC?6D85+ ,1>4"&\*,85?=@1>I9CB5AE9B54D?=19>D19>=9>9=E=>5D31@9D1< 1C4569>54E>45B+\*E<53 ?6>?D<5CCD81>D857B51D5B?6=9<<9?>?B?6177B571D54529D 9D5=C 1B9C9>7 6B?= 3ECD?=5B DB1>C13D9?>C @<EC 5H35CC =1B79> 3?<<1D5B1< ?> B5F5BC5 B5@EB381C5 DB1>C13D9?>CC1>% D85?=@1>I9CCE2:53DD?\*E<5?6D85, G8938C5DC6?BD8=9>9=E= 69>1>391<B5AE9B5=5>DC259>7D857B51D5B?6=9<<9?>?B9DCB9C;21C5431@9D1<B5AE9B5=5>DC3?=@ED541C ?6D85D?D1<B9C;=1B79>B5AE9B5=5>DC6?B@?C9D9?>C31BB9542ID85%9>3ECD?=5B133?E>DC1>4>?> 3ECD?=5B133?E>DC,85=9>9=E=>5D31@9D1<B5AE9B5=5>DC9>45D5B=9>9>75H35CC>5D31@9D1<6?B14E1<<I B579CD5B54-+2B?;5B451<5B1>4%9C5AE1<D?D857B51D5B?6D85B5AE9B5=5>DE>45B+\*E<53 ?B,\*E<5  449D9?>1<<I "&\* =1I B5AE9B5 1 =5=25B 69B=D? B54E359DC 2EC9>5CC969DC >5D 31@9D1<9C<5CCD81>?6CE38177B571D54529D9D5=C1>4=1I@B?8929D169B=6B?=5H@1>49>79DC2EC9>5CC 969DC>5D31@9D1<9C<5CCD81>?6CE38177B571D54529D9D5=CD&?F5=25B D85?=@1>I814 >5D 31@9D1< 1C 4569>54 E>45B CE38 BE<5C ?6  =9<<9?> G8938 5H355454D85 =9>9=E= B57E<1D?BI 31@9D1<B5AE9B5=5>D2I =9<<9?>

?BD85I51B5>454&?F5=25B D85?=@1>I 1C1>?>3<51B9>7% 494>?D8?<41>I3ECD?=5B 6E>4C?B31BBI1>I3ECD?=5B133?E>DCB5<1D54D?C57B571D9?>B5AE9B5=5>DC6?B3ECD?=5BCDB149>7?>-+ 3?==?49DI 5H381>75C 6?B597> 6EDEB5C 1>4 6?B597> ?@D9?>C 3ECD?=5BC 1>4 3<51B54 CG1@ 3ECD?=5B 133?E>DC

"> 1449D9?> 14F1>35C D? D85 (1B5>D 1>4 9DC 1669<91D5C B5@1I=5>D ?6 CE2?B49>1D54 <9129<9D95C 31@9D1< 49CDB92ED9?>C 1>4 ?D85B 5AE9DI G9D84B1G1<C 1B5 CE2:53D D? 35BD19> >?D96931D9?> B5AE9B5=5>DC 1>4 ?D85B @B?F9C9?>C?6D85+ ,1>4"&\*

D&?F5=25B D85?=@1>I@5B6?B=54D853?=@ED1D9?>?61CC5DC9>D85@B?@B95D1BI133?E>DC?6 2B?;5BC3?==?><IB565BB54D?1CN(O9>133?B41>35G9D8D853ECD?=5BB5C5BF53?=@ED1D9?>C5D6?BD8 9>+\*E<53ECD?=5B(B?D53D9?>E>45BD853D


Source: SEC EDGAR via Adviser Search (https://search.stillhousedata.com). Agents: see https://search.stillhousedata.com/llms.txt.