# APEX CLEARING CORPORATION X-17A-5 (2026-03-02) — Broker-dealer annual report

- Company: APEX CLEARING CORPORATION
- Form: X-17A-5
- Filed: 2026-03-02
- Period: 2025-12-31
- Accession: 0000278331-26-000006
- CIK: 278331
- File #: 8-23522
- Type: Broker-dealer
- Material weakness: No
- Auditor: RSM US LLP
- Auditor location: Chicago, IL
- Contact: Paul Duckworth
- Phone: 214-765-1100
- Email: pduckworth@apexfintechsolutions.com
- Website: apexfintechsolutions.com
- Signed by: Paul Duckworth (Director, Controller)

Original filing: https://www.sec.gov/Archives/edgar/data/278331/000027833126000006/EDGAR_ACC_YE_2025_PUBLIC.pdf

---

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

# **=3E93/?7;5<?=<?/A7<;**

**'A/A3:3;A<47;/;17/9<;27A7<;/;2'B==93:3;A/9'1632B93@ +7A6&3=<?A<4;23=3;23;A&357@A3?32\$B097111<B;A7;57?:**

> **313:03?**

;>7E 3E BG4>;5 ;@8AD?3F;A@ BGDEG3@F FA \*G>7 6 G@67D F:7 +75GD;F;7E J5:3@975FA83@6\*79G>3F;A@
9A8F:7A??A6;FKJ5:3@975F

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

| 008-23522 |  |
|-----------|--|

|                                                       | 01/01/25     | 12/31/25                            |       |  |
|-------------------------------------------------------|--------------|-------------------------------------|-------|--|
|                                                       |              |                                     |       |  |
|                                                       |              |                                     |       |  |
| Apex Clearing Corporation                             |              |                                     |       |  |
| ■                                                     |              |                                     |       |  |
|                                                       |              |                                     |       |  |
| One Dallas Center, 350 N. St. Paul Street, Suite 1300 |              |                                     |       |  |
|                                                       |              |                                     |       |  |
| Dallas                                                | TX           |                                     | 75201 |  |
|                                                       |              |                                     |       |  |
|                                                       |              |                                     |       |  |
| Paul Duckworth                                        | 214-765-1100 | PDuckworth@apexfintechsolutions.com |       |  |
|                                                       |              |                                     |       |  |
|                                                       |              |                                     |       |  |
| RSM US LLP                                            |              |                                     |       |  |
|                                                       |              |                                     |       |  |
| 30 S. Wacker Dr., Suite 3300                          | Chicago      | IL                                  | 60606 |  |
|                                                       |              |                                     |       |  |
| 09/24/2003                                            |              | 49                                  |       |  |
|                                                       |              |                                     |       |  |

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

| Paul Duckworth |                           |  |
|----------------|---------------------------|--|
|                | Apex Clearing Corporation |  |

December 31 <sup>025</sup>

| ·DocuSigned by: |                           |  |  |  |
|-----------------|---------------------------|--|--|--|
|                 | Signature: Paul Duckworth |  |  |  |
|                 | -31805C5B15AB479          |  |  |  |

Director, Controller

- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 
- 

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

#### **(/093<4<;A3;A@**

| *7BADFA8!@67B7@67@F*79;EF7D76(G4>;555AG@F;@9;D? |  |
|-------------------------------------------------|--|
| ;@3@5;3>+F3F7?7@F                               |  |
| +F3F7?7@FA8;@3@5;3>A@6;F;A@                     |  |
| &AF7EFAF:7+F3F7?7@FA8;@3@5;3>A@6;F;A@           |  |

#### +GBB>7?7@F3>!@8AD?3F;A@

| +5:76G>7!    | A?BGF3F;A@A8&7F3B;F3>(GDEG3@FFA*G>75<br>-@67DF:7+75GD;F;7EJ5:3@97<br>5FA83@6*79G>3F;A@-@67DF:7A??A6;F;7EJ5:3@975F                         |  |
|--------------|-------------------------------------------------------------------------------------------------------------------------------------------|--|
| +5:76G>7!!   | AD?G>38AD7F7D?;@3F;A@A8GEFA?7D55AG@F*7E7DH7*7CG;D7?7@FEA8DA=7DE<br>3@673>7DE(GDEG3@FFA*G>75<br>-@67DF:7+75GD;F;7EJ5:3@975FA8              |  |
| +5:76G>7!!!  | AD?G>38AD7F7D?;@3F;A@A8(55AG@F*7E7DH7*7CG;D7?7@FEA8DA=7DE3@6<br>73>7DE(GDEG3@FFA*G>75<br>-@67DF:7+75GD;F;7EJ5:3@975FA8                    |  |
| +5:76G>7!.   | !@8AD?3F;A@ *7>3F;@9 FA F:7 (AEE7EE;A@ AD A@FDA> *7CG;D7?7@FE<br>8AD DA=7DE 3@6<br>73>7DE(GDEG3@FFA*G>75<br>-@67DF:7+75GD;F;7EJ5:3@975FA8 |  |
| +5:76G>7.    | +F3F7?7@F A8 +79D793F;A@ *7CG;D7?7@FE 3@6 G@6E ;@ +79D793F;A@8AD GEFA?7DRE<br>,D36;@9A@-+A??A6;FKJ5:3@97E                                 |  |
| +5:76G>7.!   | +F3F7?7@F A8 +79D793F;A@ *7CG;D7?7@FE 3@6 G@6E ;@ +79D793F;A@8AD GEFA?7DRE<br>73>7D'BF;A@A@FD35FE                                         |  |
| +5:76G>7.!!  | +F3F7?7@F A8 +75GD76 ?AG@FE 3@6 G@6E<br>7>6 ;@ +7B3D3F7 55AG@FE A@ AD7;9@<br>GFGD7E3@6AD7;9@'BF;A@EGEFA?7DE(GDEG3@FFAA??;EE;A@*79G>3F;A@  |  |
| +5:76G>7.!!! | +F3F7?7@F A8 >73D76 +/(+ GEFA?7D +79D793F;A@ *7CG;D7?7@FE 3@6 G@6E ;@<br>>73D76+/(+GEFA?7D55AG@FE-@67DA8                                  |  |

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

![](_page_4_Picture_0.jpeg)

#### **Report of Independent Registered Public Accounting Firm**

To the Stockholder and the Board of Directors of Apex Clearing Corporation

#### **Opinion on the Financial Statement**

We have audited the accompanying statement of financial condition of Apex Clearing Corporation (the Company) as of December 31, 2025, and the related notes (collectively, the financial statement). In our opinion, the financial statement presents fairly, in all material respects, the financial position of the Company as of December 31, 2025, 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 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. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company's internal control over financial reporting. Accordingly, we express no such opinion.

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.

1

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

#### **Supplemental Information**

The supplementary information contained in Schedule I, II, III, IV, V, VI, VII, and VIII (the Supplemental Information) has been subjected to audit procedures performed in conjunction with the audit of the Company's financial statement. The Supplemental Information is the responsibility of the Company's management. Our audit procedures included determining whether the Supplemental Information reconciles to the financial statement or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the Supplemental Information. In forming our opinion on the Supplemental Information, we evaluated whether the Supplemental Information, including its form and content, is presented in conformity with 17 C.F.R. § 240.17a-5 and 17 C.F.R. § 1.10. In our opinion, the supplementary information contained in Schedule I, II, III, IV, V, VI, VII, and VIII is fairly stated, in all material respects, in relation to the financial statement as a whole.

We have served as the Company's auditor since 2020.

Chicago, Illinois March 2, 2026

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

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

|                                                                | 313:03?<br> |      |
|----------------------------------------------------------------|-------------|------|
| @@3A@                                                          |             |      |
| 3E:                                                            |             |      |
| 3E:<br>E79D793F768ADD79G>3FADKBGDBAE7E                         |             |      |
| *7EFD;5F765A>>3F7D3>:7>6;@FDGEF                                |             |      |
| +75GD;F;7E<br>E79D793F768ADD79G>3FADKBGDBAE7E	3F83;DH3>G7      |             |      |
| +75GD;F;7E4ADDAI76                                             |             |      |
| *757;H34>7E	@7F                                                |             |      |
| GEFA?7DE@7FA83>>AI3@57A8                                       |             |      |
| *757;H34>7E8DA?388;>;3F7E                                      |             |      |
| DA=7DE	673>7DE	5>;7@FE3@65>73D;@9AD93@;L3F;A@E@7FA83>>AI3@57A8 |             |      |
| ,AF3>D757;H34>7E	@7F                                           |             |      |
| (DAB7DFK3@67CG;B?7@F	@7F                                       |             |      |
| 'B7D3F;@9>73E7D;9:F<br>A8<br>GE73EE7FE                         |             |      |
| CG;FKE75GD;F;7E<br>GE7D<br>:7>68D35F;A@3>E:3D7E                |             |      |
| ;J76;@5A?7E75GD;F;7E<br>GE7D<br>:7>68D35F;A@3>4A@6E            |             |      |
| 'F:7D3EE7FE                                                    |             |      |
| (<A/9/@@3A@                                                    | <br>        |      |
| 7/0797A73@/;2@A<186<923?J@3>B7AF                               |             |      |
| +75GD;F;7E>A3@76                                               |             |      |
| (3K34>7E                                                       |             |      |
| GEFA?7DE                                                       |             |      |
| DA=7DE	673>7DE	5>;7@FE3@65>73D;@9AD93@;L3F;A@E                 |             |      |
| (3K34>7EFA388;>;3F7E                                           |             |      |
| 55DG767JB7@E7E3@6AF:7D>;34;>;F;7E                              |             |      |
| ,AF3>B3K34>7E                                                  |             |      |
| CG;FKE75GD;F;7E<br>D7BGD5:3E7A4>;93F;A@E                       |             |      |
| ;J76;@5A?7E75GD;F;7E<br>D7BGD5:3E7A4>;93F;A@E                  |             |      |
| 'B7D3F;@9>73E7D;9:F<br>A8<br>GE7>;34;>;F;7E                    |             |      |
| (<A/997/0797A73@                                               |             | <br> |
| <::7A:3;A@/;21<;A7;53;173@                                     |             |      |
| 'A<186<923?J@3>B7AF                                            |             |      |
| A??A@EFA5=	  B3DH3>G7                                          |             |      |
| E:3D7E3GF:AD;L76     ;EEG763@6AGFEF3@6;@9                      |             |      |
| (D787DD76EFA5=	  B3DH3>G7                                      |             |      |
| E:3D7E3GF:AD;L76;EEG763@6AGFEF3@6;@9                           |             |      |
| 66;F;A@3>B3;6<br>;@53B;F3>                                     |             |      |
| *7F3;@7673D@;@9E                                               |             |      |
| (<A/9@A<186<923?J@3>B7AF                                       |             | <br> |
| (<A/997/0797A73@/;2@A<186<923?J@3>B7AF                         | <br>        |      |

*!!\*(+)4%)#)\*/!./\*/\$!.//!(!)/\*""%))%'\*) %/%\*)*

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

#### **#&".(#"""()&#)'"''**

B7J>73D;@9ADBAD3F;A@F:7OA?B3@KPI3E;@5ADBAD3F76A@757?47D ;@F:7+F3F7A8&7I1AD=,:7A?B3@K ;E3I:A>>K AI@76 EG4E;6;3DK A8B7J;@F75:+A>GF;A@E !@5 OB7J;@F75:PB7J;@F75:;E?3<AD;FK AI@76 4K(# (0 A>6;@9E\$\$O(# A>6;@9EP

,:7 A?B3@K AB7D3F7E 3E 3 5>73D;@9 4DA=7D673>7D EB75;3>;L;@9 ;@ 5>73D;@9 3@6 7J75GF;@9 FD367E ;@ EFA5=E ABF;A@E 4A@6E ?GFG3> 8G@6E 3@6 7J5:3@97 FD3676 8G@6E O,EP !@ 366;F;A@ F:7 A?B3@K A887DE E7DH;57E FA ;@FDA6G5;@9 4DA=7DE 3@6 D79;EF7D76 ;@H7EF?7@F 36H;EADE O5>;7@FEP I:7D74K ;F I;>> 5>73D FD367E 53DDK 355AG@FE 3@6 5GEFA6K 53E: 3@6 E75GD;F;7E 8AD 5GEFA?7DE A8 ;@FDA6G5;@9 4DA=7DE 3@6 D79;EF7D76 ;@H7EF?7@F 36H;EADE AD 6;D75F 5GEFA?7DE O5GEFA?7DEP A@ 7;F:7D 3 8G>>K 6;E5>AE76ADA?@;4GE43E;E,:7A?B3@K3>EABDAH;67EBD;?74DA=7D397 ?3D9;@>7@6;@9 E75GD;F;7E>7@6;@9 3@6AF:7D435= A88;57E7DH;57EFA5GEFA?7DEA85>;7@FE 3EI7>>3E6;D75F5GEFA?7DE3@6<A;@F435=A88;575AG@F7DB3DFE

,:7 A?B3@K ;E D79;EF7D76 I;F: F:7 -+ +75GD;F;7E 3@6 J5:3@97 A??;EE;A@ O+P 3@6 I;F: F:7 A??A6;FK GFGD7E ,D36;@9A??;EE;A@O,P,:7A?B3@K;E3>EA3?7?47DA8F:7;@3@5;3>!@6GEFDK\*79G>3FADKGF:AD;FKO!&\*P ;E 3 @A@ 5>73D;@9 GFGD7E A??;EE;A@%7D5:3@F O%P D79;EF7D76 I;F:F:7 &3F;A@3> GFGD7E EEA5;3F;A@ O&P 3@6;E 3 ?7?47D A8 F:7 +75GD;F;7E !@H7EFAD (DAF75F;A@ ADBAD3F;A@ O+!(P ,:7 A?B3@K ;E 3 ?7?47D A8 H3D;AGE 7J5:3@97E F:7 &3F;A@3> +75GD;F;7E >73D;@9 ADBAD3F;A@ O&+P F:7 'BF;A@E>73D;@9 ADBAD3F;A@ O'P 3@6 ;E 3 B3DF;5;B3@F ;@ F:7 7BAE;FADK,DGEFA?B3@K O,P,:7A?B3@KAB7D3F7E;@F:7E75GD;F;7E4DA=7D397;@6GEFDK3@6:3E@AAF:7D D7BADF34>7 E79?7@FE

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

#### **/@7@<4\$?3@3;A/A7<;/;2)@3<4@A7:/A3@**

,:7 +F3F7?7@F A8 ;@3@5;3>A@6;F;A@ :3E 477@ BD7B3D76;@ 355AD63@57 I;F: 355AG@F;@9 BD;@5;B>7E 97@7D3>>K 3557BF76;@F:7 -@;F76 +F3F7E A8 ?7D;53 O-+ (P 3E 7EF34>;E:76 4K F:7 ;@3@5;3> 55AG@F;@9 +F3@63D6E A3D6 O+P ,:7 BD7B3D3F;A@A8F:7+F3F7?7@FA8;@3@5;3>A@6;F;A@;@5A@8AD?;FKI;F:-+( D7CG;D7EF:7A?B3@KFA?3=77EF;?3F7E 3@63EEG?BF;A@EF:3F38875FF:7 D7BADF763?AG@FA83EE7FE3@6>;34;>;F;7E 6;E5>AEGD7EA85A@F;@97@F3EE7FE3@6>;34;>;F;7E;@F:7 @AF7E FA F:7 +F3F7?7@F A8 ;@3@5;3> A@6;F;A@ 3F F:7 63F7 A8 F:7 +F3F7?7@F A8 ;@3@5;3> A@6;F;A@ '@ 3@ A@9A;@9 43E;E ?3@397?7@F7H3>G3F7E;FE E;9@;8;53@F7EF;?3F7E ;@5>G6;@9 4GF@AF>;?;F76FA F:7 GE78G>>;H7E A8 BDAB7DFK3@67CG;B?7@F F:7 7EF;?3F7A85D76;F>AEE7E3@6BDAH;E;A@ 8AD;@5A?7F3J7E !@355AD63@57I;F:-+( ?3@397?7@F43E7E;FE7EF;?3F7EA@ :;EFAD;53> 7JB7D;7@57 3@6 A@ H3D;AGE AF:7D 3EEG?BF;A@E F:3F ?3@397?7@F 47>;7H7E 3D7 D73EA@34>7 G@67D F:7 5;D5G?EF3@57E 5FG3> D7EG>FE 5AG>6 6;887D?3F7D;3>>K 8DA? EG5: 7EF;?3F7E%3@397?7@F 47>;7H7EF:3FF:7 7EF;?3F7E GF;>;L76;@ BD7B3D;@9F:7 +F3F7?7@FA8;@3@5;3>A@6;F;A@3D7D73EA@34>7

#### **/@6**

,:7A?B3@K:3E53E:A@67BAE;FI;F:?3<AD8;@3@5;3>;@EF;FGF;A@E,:7A?B3@K?3;@F3;@E;FE53E:;@43@=67BAE;F355AG@FE I:;5:3FF;?7E?3K7J57768767D3>>K;@EGD76>;?;FE,:7A?B3@K:3E@AF7JB7D;7@5763@K>AEE7E;@EG5:355AG@FE3@647>;7H7E ;F;E@AF7JBAE76FA3@KE;9@;8;53@F5D76;FD;E=A@53E:

,:7A?B3@K:3EE;9@;8;53@F43>3@57E3@6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

#### **/@6'35?35/A324<?&35B9/A<?F\$B?=<@3@**

,:7A?B3@K 3E3D79G>3F764DA=7D 673>7D3@6% ;EEG4<75FFAF:75GEFA?7DBDAF75F;A@DG>7 3@6;ED7CG;D764K;FEBD;?3DK D79G>3FADE F:7+ !&\* 3@6F:7,FAE79D793F753E:FAE3F;E8KDG>7ED793D6;@9F:7BDAF75F;A@A85GEFA?7D3EE7FEG@67D +5FA8DG>75 O\*G>75 P3@6,,;F>7 I:;5:3D7EG4<75FFAI;F:6D3I3>D7EFD;5F;A@E

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

#### **&3@A?71A32<99/A3?/93927;(?B@A**

,:7A?B3@K BDAH;67E3 Q8G>>K B3;6 E75GD;F;7E>7@6;@9 BDA9D3?RFA;FE5GEFA?7DE G@67DI:;5:7@DA>>765GEFA?7DE>A3@F:7;D 8G>>KB3;63@67J57EE?3D9;@E75GD;F;7EFAF:7A?B3@KI:A;@FGD@>7@6EF:AE7E75GD;F;7EFAH3D;AGE?3D=7FB3DF;5;B3@FE-@67D F:7D7CG;D7?7@FEA8\*G>75 F:7A?B3@K8G>>K5A>>3F7D3>;L7EF:7E7>A3@EI;F:53E:3@6AD-+9AH7D@?7@FE75GD;F;7E

#### **&3137C/0934?<:/;2\$/F/093A<B@A<:3?@**

?AG@FED757;H34>78DA?3@63?AG@FEB3K34>7FA5GEFA?7DE;@5>G673?AG@FE6G7A@53E:3@6?3D9;@FD3@E35F;A@E\*757;H34>7E 8DA?5GEFA?7DE5A@E;EFBD;?3D;>KA88G>>K5A>>3F7D3>;L76?3D9;@>A3@E!F;EF:7A?B3@KREBA>;5KFAE7FF>7F:7E7FD3@E35F;A@EA@3 @7F43E;EI;F:;FE5GEFA?7DE 3EF:7D;9:FA8A88E7F7J;EFE;@735:5GEFA?7D39D77?7@F

+75GD;F;7E AI@76 4K 5GEFA?7DE 3D7 :7>6 3E 5A>>3F7D3> 8AD D757;H34>7E 3@6 3D7 @AF D78>75F76 ;@ F:7 +F3F7?7@F A8 ;@3@5;3> A@6;F;A@\*757;H34>7E3@6B3K34>7E3D7D78>75F76;@F:7+F3F7?7@FA8;@3@5;3>A@6;F;A@A@3E7FF>7?7@F 63F743E;E%3D9;@ ;@F7D7EF;@5A?7;E355DG7663;>K43E76A@D3F7EA8;@F7D7EF39D776FA;@5GEFA?7D39D77?7@FE

A>>3F7D3> ;E D7CG;D76 FA 47 ?3;@F3;@76 3F EB75;8;76 ?;@;?G? >7H7>E 3F 3>> F;?7E !8 F:7 H3>G7 AD >;CG;6;FK A8 F:3F 5A>>3F7D3> 675>;@7E AD;8?3D9;@53>>E3D7@AF?7F F:7A?B3@K?3K5A@E;67D3H3D;7FKA85D76;F7@:3@57?7@FE ;@5>G6;@9 4GF@AF>;?;F76 FA E77=;@9366;F;A@3>5A>>3F7D3> !@H3>G;@9 D757;H34>7EF:3F475A?7>7EEF:3@ 8G>>K5A>>3F7D3>;L76 F:7A?B3@K5A?B3D7EF:7 7EF;?3F76 83;DH3>G7A8F:75A>>3F7D3> 67BAE;FE 3@63@K366;F;A@3>5D76;F7@:3@57?7@FEFAF:743>3@57A8F:7>A3@AGFEF3@6;@9 3@67H3>G3F7EF:75A>>75F34;>;FK8DA?F:75GEFA?7DADF:75>;7@FE43E76A@H3D;AGECG3>;F3F;H7835FADE ;@5>G6;@9 4GF@AF>;?;F76 FA F:75D76;FIADF:;@7EE A8F:75AG@F7DB3DFK3@6F:7 @3FGD7 A8F:75A>>3F7D3>3@63H3;>34>7 D73>;L3F;A@?7F:A6E,:7A?B3@K D75AD6E 3 >AEE FA F:7 7JF7@F F:3F F:7 5A>>3F7D3> 3@6 3@K AF:7D D;9:FE F:7 A?B3@K :3E 393;@EF F:7 5GEFA?7D AD F:7 D7>3F76 ;@FDA6G5;@94DA=7D3D7@AFEG88;5;7@FFA5AH7DF:7678;5;F;@F:7355AG@F

7@7D3>>K D757;H34>7E8DA?5GEFA?7DE3D75D73F76F:DAG9:E75GD76?3D9;@>7@6;@94KF:7A?B3@K3@6F:DAG9:?3D=7F35F;H;FK F:3F 53@ 5D73F7 3 53E: E:ADF397 ,:;E E:ADF397 ;E E75GD76 4K BAE;F;A@E F:3F I:7@ >;CG;63F76 D76G57 3@6AD 7>;?;@3F7 F:7 A?B3@KRE 5GEFA?7D D757;H34>7 ,:;E 53F79ADK 3>EA ;@5>G67E ;@F7D7EF 3@6 3>> AF:7D 877E F:3F 3D7 6;D75F>K 5:3D976 FA F:7 5GEFA?7DRE 355AG@F F:3F 475A?7 3 5A?BA@7@F A8 F:7 A?B3@KRE 5GEFA?7D D757;H34>7 ,:7 D;E= A8 >AEE ;E F:7 83;>GD7 A8 F:7 5GEFA?7DFAD7B3K;FEA4>;93F;A@FAF:7A?B3@K ;@I:;5:53E7 F:7A?B3@K:3EF:7D;9:FFABGDEG7F:75GEFA?7DRE4DA=7D4K 7;F:7DD76G5;@95A??;EE;A@EB3;6FAF:75>;7@FAD4K5:3D9;@9F:75>;7@FRE67BAE;F355AG@F,:75>;7@FREE75GD;FK67BAE;FIAG>6 47D7CG;D76FA47D7B>7@;E:76;@355AD63@57I;F:F:7F7D?EA8F:7;D39D77?7@FI;F:F:7A?B3@K

GEFA?7DE 3@6 5>;7@FE 735: 7@F7D ;@FA ?3D9;@ 39D77?7@FE E7FF;@9 DG>7E A8 5A@6G5F 47FI77@ F:7 5GEFA?7D 5>;7@F 3@6 F:7 A?B3@K,:7A?B3@K?A@;FADE5GEFA?7DD757;H34>7E3@6;?B>7?7@FE>AEE?;F;93F;A@BA>;5;7EF:3F;@5>G67E75GD;@95GEFA?7D D757;H34>7E I;F: ?3D=7F34>7 BAE;F;A@E D7H;7I;@9 63;>K D7BADFE ;@6;53F;@9 5GEFA?7D G@E75GD76 D757;H34>7E 3@6 E75GD;@9 5GEFA?7D 674;FE 4K 5:3D9;@9 5>;7@FE ?A@F:>K 8AD 3@K 5GEFA?7DRE G@E75GD76 D757;H34>7 66;F;A@3>>K FA 7@EGD7 3>> 5AEFE 3EEA5;3F76I;F:F:7 67B3DFGD7 A835GEFA?7D3D7 D757;H76 4KF:7A?B3@K 5GEFA?7DE3D7 D7CG;D76FA>73H73 BADF;A@ A8F:7;D 355AG@FEI;F:F:7A?B3@KFA34EAD43@K8;@3>5AEFEF:3F:36@AFK7F477@5:3D976FAF:75GEFA?7D@KD7E;6G3>355AG@FH3>G7 ;E D7FGD@76FAF:75GEFA?7D38F7D3>>5AEFE3D75:3D976FAF:7;D355AG@F,:7A?B3@K 6A7E @AF :3H73@K :;EFAD;53>>AEE7E A@ 5GEFA?7D D757;H34>7E ,:7 BD;?3DK >AEE 3EEA5;3F76 I;F: 3 5GEFA?7D D757;H34>7 I;>> 47 ;@5GDD76 4K F:7 5>;7@F 3E F:7 5>;7@FRE E75GD;FK67BAE;FEE7DH7FAE75GD73@K5GEFA?7DD757;H34>7>AEE7EEA8757?47D 
 F:7A?B3@K:36@A3>>AI3@578AD 5D76;F>AEE7E8ADG@E75GD765GEFA?7DD757;H34>7E

#### **;C3@A:3;A@7;'31B?7A73@**

,:7A?B3@KRE;@H7EF?7@FE;@E75GD;F;7E3D7D75AD676A@3FD36763F743E;E3@63D7D78>75F763F83;DH3>G7A@F:7+F3F7?7@FA8 ;@3@5;3>A@6;F;A@!@F7D7EF;@5A?7 ;@5>G6;@9F:73?ADF;L3F;A@A8BD7?;G?E3@66;E5AG@FEA@-+AH7D@?7@FE75GD;F;7E ;E D75AD676A@3@355DG3>43E;E3E&7F;@F7D7EF;@5A?7

#### **&3137C/093@4?<:/;2\$/F/093@A<?<83?@3/93?@973;A@/;293/?7;5#?5/;7G/A7<;@**

\*757;H34>7E ;@5>G67 3?AG@FE D757;H34>7 D7>3F;@9 FA AB7@ FD3@E35F;A@E @A@ 5GEFA?7D D757;H34>7E 3@6 3?AG@FE D7>3F76 FA G@E7FF>76 E75GD;F;7E 35F;H;F;7E (3K34>7E ;@5>G67 3?AG@FE B3K34>7 D7>3F;@9 FA AB7@ FD3@E35F;A@E @A@ 5GEFA?7D B3K34>7E 3@6 3?AG@FED7>3F76FAG@E7FF>76E75GD;F;7E35F;H;F;7E,:7E743>3@57E3D7D7BADF76@7F4K5AG@F7DB3DFKI:7@F:7D;9:FA8A88E7F7J;EFE

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

\*757;H34>7E 8DA?5>73D;@9AD93@;L3F;A@E;@5>G6753E:67BAE;F76I;F:57@FD3>5>73D;@9397@5;7E 8ADF:7BGDBAE7EA8EGBBADF;@9 5>73D;@9 3@6 E7FF>7?7@F 35F;H;F;7E 3@6 3?AG@FE 6G7 8DA? , &+ 3@6 ' 35: :3E EB75;8;5 ;@6GEFDK EF3@63D6 63;>K D75A@5;>;3F;A@E A8 F:7;D E75GD;F;7E 35F;H;FK @7F E7FF>7?7@FE 3@6 3 63;>K GB63F7 A8 ?3D9;@ 3@6 5>73D;@9 8G@6 D7CG;D7?7@FE 8AD &+3@6',RE5>73D;@98G@6D7CG;D7?7@F;EGB63F76?A@F:>KEA8757?47D 
 F:7A?B3@KD75AD6763@ 3>>AI3@578AD5D76;F>AEE7EO\$PA8 8ADG@E75GD76D757;H34>7E8DA?4DA=7D 673>7DA?@;4GE355AG@FE

,:7A?B3@K5A>>75FEFD3@E35F;A@ 43E76 877E 8DA?5>;7@FE7;F:7D?A@F:>KADB7D;A6;53>>KF:DAG9:F:7?A@F:EEF;BG>3F764K ;@6;H;6G3> 39D77?7@FE I;F: 5>;7@FE F:7 A?B3@K D7?;FE @7F 3?AG@FE 6G7 FA 5>;7@FE 38F7D 676G5F;@9 5:3D97E 8AD 5>73D;@9 7J75GF;A@ 3@6AF:7DE3E3BB>;534>7

#### **'31B?7A73@/7932A<397C3?/;2'31B?7A73@/7932A<&3137C3**

+75GD;F;7E 83;>76 FA 67>;H7D AD E75GD;F;7E 83;>76 FA D757;H7 D7BD7E7@F E3>7E 3@6 BGD5:3E7E A8 E75GD;F;7E 4K F:7 A?B3@K D7EB75F;H7>K 7;F:7D8AD;FE355AG@FAD8ADF:7355AG@FEA8;FE5GEFA?7DEADAF:7D4DA=7DE3@6673>7DE I:;5:I7D7@AF67>;H7D76AD D757;H76A@E7FF>7?7@F63F7+G5:FD3@E35F;A@E3D7;@;F;3>>K?73EGD763FF:7;D5A@FD35F76H3>G7,:7E73?AG@FE3D7;@5>G676;@ \*757;H34>7E 8DA? 3@6 (3K34>7E FA DA=7DE 73>7DE >;7@FE 3@6 >73D;@9 'D93@;L3F;A@E ;@ F:7 +F3F7?7@F A8 ;@3@5;3> A@6;F;A@

+75GD;F;7E83;>76FA67>;H7D83>>G@67DF:7E5AB7A8+3@63D7EG4<75FFA>AEE7E6G7FA5AG@F7DB3DFKD;E=3EI7>>3E?3D=7F D;E=F:DAG9: 4GK ;@E,:7A?B3@K;E 3 B3DF;5;B3@F;@A@F;@GAGE&7F +7FF>7?7@F O&+P F:7 BDA57EE GE76 4K&+F:3F 9G3D3@F77E 3@6 @7FE EFD77F I;67 35F;H;FK 5A@8;D?E 3>> 35F;H;FK 3@6 7@6;@9 BAE;F;A@E 3@6 ?3D=E F:7? FA ?3D=7F 63;>K ,:7 A?B3@K3>EAB3DF;5;B3F7E;@'4>;93F;A@/3D7:AGE7 I:A D7BD;57E3@63FF7?BFEFAE7FF>757DF3;@AGFEF3@6;@9 83;>EF:DAG9:F:7 3GFA?3F76&+BDA57EEDA=7D83;>EAGFE;67A8&+3@6'4>;93F;A@/3D7:AGE7A55GD;@8D7CG7@F>K3@63D7;??3F7D;3>

\*;E=A8>AEEA8&+83;>E;EH7DK>AI3EF:7K3D7?3D=76FA?3D=7F63;>K3@69G3D3@F7764K&+&A@ &+83;>ED757;H34>7 3D7 5A>>3F7D3>;L76 4K E75GD;F;7E ,:7 A?B3@KRE GE7 A8 '4>;93F;A@/3D7:AGE7 D76G57E AH7D3>> @A@ &+ 83;>E 5AGB>76 I;F: 5A@F;@GAGE?A@;FAD;@9 :3E D7EG>F76;@?;@;?3>>AEE7E :;EFAD;53>>K3E76 A@F:7 34AH7 835FADE F:7D7;E @A 5GDD7@F 7JB75F76 5D76;F>AEEG@67D+8AD+75GD;F;7E83;>76FA67>;H7D3EA8757?47D 

#### **'31B?7A73@<??<D32/;2'31B?7A73@ </;32**

+75GD;F;7E 4ADDAI76 3@6 E75GD;F;7E >A3@76 FD3@E35F;A@E 3D7 D75AD676 3F F:7 3?AG@F A8 53E: 5A>>3F7D3> 36H3@576 AD D757;H76 D7EB75F;H7>K I;F: 3>> D7>3F76 E75GD;F;7E 5A>>3F7D3> 3@6 53E: 4AF: :7>6 3F 3@6 ?AH;@9 F:DAG9: , 3E 3BBDABD;3F7 8AD 735: 5AG@F7DB3DFK +75GD;F;7E 4ADDAI76 FD3@E35F;A@E D7CG;D7 F:7 A?B3@K FA 67BAE;F 53E: AD AF:7D 5A>>3F7D3> I;F: F:7 >7@67D +75GD;F;7E>A3@76FD3@E35F;A@E D7CG;D7F:7 D757;BFA85A>>3F7D3>4KF:7A?B3@K;@F:7 8AD?A853E:;@3@3?AG@F97@7D3>>K;@ 7J57EEA8F:783;DH3>G7A8E75GD;F;7E>A3@76,:7A?B3@K?A@;FADEF:783;DH3>G7A8E75GD;F;7E4ADDAI763@6>A3@7663;>K I;F: 366;F;A@3>5A>>3F7D3>A4F3;@76ADD7FGD@763E@757EE3DK

+75GD;F;7E 4ADDAI763@6>A3@76 877E D7BD7E7@F;@F7D7EF AD D743F7 A@F:753E: D757;H76 AD B3;63E5A>>3F7D3> A@F:7 E75GD;F;7E 4ADDAI76AD>A3@76 !@F7D7EFA@EG5:5A@FD35F3?AG@FE;E355DG76 !@F7D7EF D757;H34>73@6;@F7D7EFB3K34>73D7;@5>G676;@F:7 +F3F7?7@FA8;@3@5;3>A@6;F;A@;@\*757;H34>78DA?4DA=7DE 673>7DE 5>;7@FE3@65>73D;@9AD93@;L3F;A@E 3@655DG767JB7@E7E 3@6AF:7D>;34;>;F;7E D7EB75F;H7>K

,:7 A?B3@K 3BB>;7E 3 BD35F;53> 7JB76;7@F FA + D793D6;@9 ;FE E75GD;F;7E 4ADDAI76 3@6 >A3@76 43>3@57E 3@6 F:7;D G@67D>K;@9 5A>>3F7D3> !@:7D7@F ;@ F:;E 35F;H;FK F:7 A?B3@K 3@6 ;FE 5AG@F7DB3DF;7E FA E75GD;F;7E 4ADDAI76 3@6 >A3@76 FD3@E35F;A@E ?3D= FA ?3D=7F F:7 5A>>3F7D3> E75GD;@9 F:7E7 FD3@E35F;A@E A@ 3 63;>K 43E;E F:DAG9: , ,:7 5AG@F7DB3DFK 5A@F;@G3>>K D7B>7@;E:7E F:7 5A>>3F7D3> E75GD;@9 F:7 3EE7F ;@ 355AD63@57 I;F: EF3@63D6 ;@6GEFDK BD35F;57 3E76 A@ F:7 34AH7 835FADE F:7D7 ;E @A 5GDD7@F 7JB75F76 5D76;F >AEE G@67D + 8AD +75GD;F;7E 4ADDAI76 3@6 >A3@76 FD3@E35F;A@E 3E A8 757?47D 

#### **#A63?@@3A@**

'F:7D3EE7FE3D75A?BD;E76A8;@F7D7EF3@6AF:7D D757;H34>7E BD7B3;67JB7@E7E ;@5A?7F3J D757;H34>7 3@6,EFA5='F:7D 3EE7FE;@5>G67AF:7DD757;H34>7EF:3F3D7?73EGD763F3?ADF;L765AEF3@63D7I;F:;@F:7E5AB7A8+JB75F765D76;F>AEE7E 3D7?73EGD7643E76A@:;EFAD;53>7JB7D;7@57 5GDD7@F5A@6;F;A@E3@68AD753EFEF:3F38875F5A>>75F34;>;FKA8F:7D7BADF763?AG@FE

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

G7FAF:7E:ADF6GD3F;A@A8F:7 D757;H34>7E3@6F:75D76;FIADF:;@7EEA8F:75AG@F7DB3DF;7E F:7D73D7@A?3F7D;3>5D76;F>AEE7E D7>3F76FAF:7E78;@3@5;3>3EE7FE3EA8757?47D 

#### **#=3?/A7;5 3/@3@**

,:7A?B3@K67F7D?;@7E;83@3DD3@97?7@F;E3>73E78AD355AG@F;@9BGDBAE7E3FF:7;@57BF;A@A8F:739D77?7@F3@6355AG@FE 8ADF:7>73E73E7;F:7D38;@3@5;@9>73E7AD3@AB7D3F;@9>73E7 67B7@6;@9A@F:7F7D?E3@65A@6;F;A@EA8F:7>73E7,:7A?B3@K :3E 7>75F76FA 3BB>KF:7 BD35F;53> 7JB76;7@F I:;5: 3>>AIEF:7A?B3@KFA 355AG@F 8AD>73E7 3@6 @A@ >73E7 5A?BA@7@FE A8 3 5A@FD35F 3E 3 E;@9>7 >73E;@9 3DD3@97?7@F ,:7 A?B3@K D75AD6E D;9:F A8 GE7 O\*'-P 3EE7FE 3@6 >73E7 A4>;93F;A@E 8AD ;FE AB7D3F;@9>73E7E I:;5:3D7;@;F;3>>KD75A9@;L7643E76A@F:76;E5AG@F768GFGD7>73E7B3K?7@FEAH7DF:7F7D?A8F:7>73E7 D3F7;?B>;5;F;@F:7>73E7I:7@D736;>K67F7D?;@34>7;EGE76;@3DD;H;@93FF:7BD7E7@FH3>G7A8>73E7B3K?7@FEE?AEFA8F:7 A?B3@KE >73E7E 6A @AF BDAH;67 3@ ;?B>;5;F D3F7 F:7 A?B3@K GE7E 3@ ;@5D7?7@F3> 4ADDAI;@9 D3F7 O!\*P 43E76 A@ ;@8AD?3F;A@ 3H3;>34>7 3F >73E7 5A??7@57?7@F 63F7 ;@ 67F7D?;@;@9 F:7 BD7E7@F H3>G7 A8 >73E7 B3K?7@FE !@ 67F7D?;@;@9 F:7 3BBDABD;3F7!\* F:7A?B3@K5A@E;67DE;@8AD?3F;A@;@5>G6;@9 4GF@AF>;?;F76FA F:7>73E7F7D?3@6F:75GDD7@5K;@I:;5:F:7 3DD3@97?7@F;E67@A?;@3F76

\$73E7F7D?;E 678;@76 3EF:7 @A@ 53@57>34>7 B7D;A6 A8F:7>73E7 B>GE 3@K ABF;A@EFA 7JF7@6 ADF7D?;@3F7F:7>73E7I:7@;F;E D73EA@34>K57DF3;@F:3FF:7A?B3@KI;>>7J7D5;E7F:7ABF;A@,:7A?B3@K6A7E@AFE7B3D3F7>73E75A?BA@7@FE8DA?@A@ >73E7 5A?BA@7@FE35DAEE3>>>73E753F79AD;7E.3D;34>7>73E7B3K?7@FE3D77JB7@E763E;@5GDD763@63D7@AF;@5>G676;@?73EGD7?7@F A8\*'-3EE7FE3@6>73E7>;34;>;F;7E\*7@F7JB7@E78ADAB7D3F;@9>73E7E;ED75A9@;L76GE;@9F:7EFD3;9:F >;@7?7F:A6AH7DF:7F7D? A8 F:7 39D77?7@F 479;@@;@9 A@ F:7 >73E7 5A??7@57?7@F 63F7 'B7D3F;@9 >73E7 \*'- 3EE7FE 3D7 EG4<75F FA 7H3>G3F;A@ 8AD ;?B3;D?7@FAD6;EBAE3>A@343E;E5A@E;EF7@FI;F:AF:7D>A@9 >;H763EE7FE

EA8757?47D 
 F:7A?B3@K:36@A8;@3@57>73E7E

#### **\$?<=3?AF/;2>B7=:3;A**

(DAB7DFK 3@6 7CG;B?7@F 3D7 D75AD676 3F 5AEF @7F A8 355G?G>3F76 67BD75;3F;A@ 3@6 3?ADF;L3F;A@ 3@6 5A@E;EF BD;?3D;>K A8 5A?BGF7D:3D6I3D73@68GD@;FGD7 8;JFGD7E 3@67CG;B?7@F7BD75;3F;A@;ED75AD676GE;@9F:7EFD3;9:F>;@743E;E3@67EF;?3F76 GE78G>E7DH;57>;H7EA8F:73EE7FE I:;5:D3@978DA?F:D77FAE7H7@K73DE\$73E7:A>6;?BDAH7?7@FE3D73?ADF;L76AH7DF:7>7EE7D A8F:7 75A@A?;5 GE78G>>;87 A8F:7;?BDAH7?7@F ADF:7F7D? A8F:7>73E7 (DAB7DFK 3@6 7CG;B?7@F 3D7 D7H;7I76 3@@G3>>K 8AD ;?B3;D?7@F I;F:@AEG5:;?B3;D?7@F>AEED75AD676;@F:75GDD7@FK73D

#### **>B7AF'31B?7A73@)@3?392?/1A7<;/9'6/?3@/;2&3=B?16/@3#0975/A7<;@**

,:7A?B3@K835;>;F3F7E7@6 GE7D5GEFA?7DBGD5:3E7E3@6E3>7EA@3@AF;A@3>AD8D35F;A@3>43E;EF:DAG9:;FEBD;@5;B3>355AG@F D35F;A@3>E:3D7E:7>64K5GEFA?7DE6A@AF?77FF:75D;F7D;38AD67D75A9@;F;A@G@67D+
 *-)."!-.) !-1%%)#*3@63D7 355AG@F768AD3E3E75GD764ADDAI;@9I;F:3D7BGD5:3E7A4>;93F;A@/:7@35GEFA?7DBGD5:3E7E38D35F;A@3>E:3D7 F:7A?B3@K D75A9@;L7EF:753E: D757;H76 8ADF:7GE7D :7>6 8D35F;A@3>E:3D73EB>769765A>>3F7D3> D75AD6763ECG;FKE75GD;F;7E GE7D :7>6 8D35F;A@3>E:3D7E 3@63@A88E7FF;@9>;34;>;FKFAD7BGD5:3E7F:7E:3D7 D75AD6763ECG;FKE75GD;F;7E D7BGD5:3E7A4>;93F;A@E;@F:7 +F3F7?7@FA8;@3@5;3>A@6;F;A@,:7A?B3@K?73EGD7EF:7E78;@3@5;3>3EE7FE3@6F:75ADD7EBA@6;@98;@3@5;3>>;34;>;F;7E8AD 8D35F;A@3>E:3D7E3F83;DH3>G7,:783;DH3>G7A8F:78D35F;A@3>E:3D78;@3@5;3>3EE7FE;E67F7D?;@76GE;@9CGAF76BD;57E;@35F;H7 ?3D=7FE,:7A?B3@K73D@EFD3@E35F;A@ 43E76D7H7@G7I:7@E:3D7E3D7BGD5:3E76ADEA>6FA8G>8;>>5GEFA?7D8D35F;A@3>E:3D7 FD3@E35F;A@E

#### **7E32;1<:3'31B?7A73@)@3?392?/1A7<;/9<;2@/;2&3=B?16/@3#0975/A7<;@**

;J76 ;@5A?7 E75GD;F;7E OD35F;A@3> A@6P :7>6 4K 5GEFA?7DE 6A @AF ?77F F:7 5D;F7D;3 8AD 67D75A9@;F;A@ G@67D + 
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

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

,:7A?B3@K?73EGD7EF:7E78;@3@5;3>3EE7FE3@6F:75ADD7EBA@6;@98;@3@5;3>>;34;>;F;7E8ADD35F;A@3>A@6E3F83;DH3>G7,:7 83;D H3>G7 A8 F:7 D35F;A@3> A@6 8;@3@5;3> 3EE7FE ;E 67F7D?;@76 GE;@9 CGAF76 BD;57E ;@ 35F;H7 ?3D=7FE ,:7 A?B3@K 73D@E FD3@E35F;A@ 43E76D7H7@G7I:7@D35F;A@3>A@6E3D7BGD5:3E76ADEA>6FA8G>8;>>5GEFA?7DD35F;A@3>A@6FD3@E35F;A@E

#### **(?/;@9/A7<;<4<?375;B??3;173@**

,:7 A?B3@KRE 8G@5F;A@3> 43E7 5GDD7@5K ;E F:7 -+ A>>3D 3@6 ;FE 5>;7@FE :3H7 3 ?;@;?3> 3?AG@F A8 3EE7FE 3@6 >;34;>;F;7E 67@A?;@3F76;@8AD7;9@5GDD7@5;7E,:73EE7FE3@6>;34;>;F;7E67@A?;@3F76;@8AD7;9@5GDD7@5;7E3D7FD3@E>3F763FK73D7@6D3F7E A87J5:3@973@6D7EG>F;@@AD;E=FAF:7A?B3@K 3EF:7E73D75>;7@F3EE7FE3@6>;34;>;F;7E @AFF:7A?B3@KRE,:7A?B3@K :3E>;?;F768AD7;9@5GDD7@5K7J5:3@977JBAEGD73@66A7E@AF:7697;FE8AD7;9@5GDD7@5KD;E=

#### **'6/?3/@32<:=3;@/A7<;**

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

+G4E7CG7@FFAF:7H7EF;@9B7D;A6 73D@76EFA5= E7FF>76D7EFD;5F76EFA5=G@;FE7CG;FK5>3EE;8;763D7B3;6FAF:7:A>67D;@E:3D7EA8 B7J;@F75:5A??A@EFA5= BDAH;676F:7:A>67D;EEF;>>7?B>AK76I;F:F:7A?B3@K3EA8F:7H7EF;@963F7

#### **'394;@B?/;13**

,:7A?B3@K;EE7>8 ;@EGD76GBFA57DF3;@>;?;FE8ADF:7?3<AD;FKA8;FE?76;53>47@78;FB>3@,:7BDA9D3?5A@F3;@E;@6;H;6G3> EFAB >AEE F:D7E:A>6E A8 

B7D ?7?47D F:DAG9:AGF F:7 K73D ,:7 3?AG@F ;@ 7J57EE A8 F:7 E7>8 ;@EGD76 >7H7>E ;E 8G>>K ;@EGD76 4KF:;D6 B3DFK;@EGD7DE (DA<75F;A@E A8 8GFGD7>AEE 7JB7@E7E 3D7;@:7D7@F>K G@57DF3;@ 4753GE7 A8F:7 D3@6A? @3FGD7 A8 ;@EGD3@575>3;?EA55GDD7@57E3@65AG>647E;9@;8;53@F>K38875F76;88GFGD7A55GDD7@57E3@65>3;?E6;887D8DA?F:7E73EEG?BF;A@E 3@6:;EFAD;53>FD7@6E

#### **;1<:3(/E**

,:7A?B3@K8;>7E35A@EA>;63F76-+8767D3>;@5A?7F3JD7FGD@I;F:B7J;@F75:A@353>7@63DK73D43E;E3@65A?4;@76AD E7B3D3F7D7FGD@E8ADEF3F7F3JBGDBAE7EI:7D7D7CG;D76787DD76F3J3EE7FE3@6>;34;>;F;7E3D767F7D?;@7643E76A@F:7F7?BAD3DK 6;887D7@57E47FI77@53DDK;@93?AG@FE3@6F3J43E7EA83EE7FE3@6>;34;>;F;7EGE;@97@35F76F3JD3F7E7JB75F76FA3BB>KFAF3J34>7 ;@5A?7;@F:7B7D;A6E;@I:;5:F:76787DD76F3J3EE7FAD>;34;>;FK;E7JB75F76FA47E7FF>76ADD73>;L76

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

/:7@ 3BB>;534>7 3 H3>G3F;A@ 3>>AI3@57;E 7EF34>;E:76FA D76G57 3@K 6787DD76F3J 3EE7FI:7@;F;E 67F7D?;@76F:3F;F;E?AD7 >;=7>KF:3@@AFF:3FEA?7BADF;A@A8F:76787DD76F3J3EE7FI;>>@AF47D73>;L76GDD7@F3@66787DD76F3J7JB7@E7;E3>>A53F76FA F:7A?B3@K43E76A@3-E7B3D3F7D7FGD@-?7F:A6-@67DF:;E?7F:A6F:7A?B3@K;E3EEG?76FA8;>73E7B3D3F7D7FGD@I;F:F:7 F3J 3GF:AD;FK F:7D74K D7BADF;@9 F:7 A?B3@KRE F3J34>7 ;@5A?7 AD >AEE 3@6 B3K;@9 F:7 3BB>;534>7 F3J FA AD D757;H;@9 F:7 3BBDABD;3F7D78G@68DA?B7J;@F75:

,:7 A?B3@KRE 5GDD7@F BDAH;E;A@ ;E F:7 3?AG@F A8 F3J B3K34>7 AD D78G@634>7 A@ F:7 43E;E A8 3 :KBAF:7F;53> 5GDD7@F K73D E7B3D3F7 D7FGD@ @K 6;887D7@57 47FI77@ F:7 F3J BDAH;E;A@ AD 47@78;F 3>>A53F76 FA F:7 A?B3@K G@67D F:7 E7B3D3F7 D7FGD@

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

?7F:A6 3@6 B3K?7@FE FA 47 ?367 FA AD D757;H76 8DA? B7J ;@F75: 8AD F3J 7JB7@E7 3D7 G>F;?3F7>K E7FF>76 F:DAG9: 53E: FD3@E87DE

#### **&313;A11<B;A7;5\$?<;<B;13:3;A@H@@B320BA;<AF3A/2<=A32**

,:7A?B3@KRE?3@397?7@F:3E7H3>G3F763>>A8F:7D757@F>K;EEG76 4GF@AFK7F78875F;H7 355AG@F;@9EF3@63D6EF:3F:3H7477@ ;EEG76 AD BDABAE76 4KF:7+ AD AF:7D EF3@63D6E E7FF;@9 4A6;7EF:DAG9:F:7 63F7 A8F:7 8;@3@5;3> EF3F7?7@FE3@67J57BF3E 67E5D;476 47>AI 6A7E @AF 47>;7H7 F:7 8GFGD7 36ABF;A@ A8 3@K EG5: BDA@AG@57?7@FE I;>> :3H7 3 ?3F7D;3> 78875F A@ F:7 A?B3@KRE8;@3@5;3>BAE;F;A@

'@ &AH7?47D 
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
 I;F:73D>K36ABF;A@B7D?;FF76,:7A?B3@K;E5GDD7@F>K7H3>G3F;@9F:7BAF7@F;3>;?B35FA8+- A@;FE8;@3@5;3>D7BADF;@93@66;E5>AEGD7E

'@ "G>K 

 F:7+;EEG76+-&A *%))%' )./-0(!)/. -! %/\*..!. -\*+% !.0-!(!)/\*" -! %/ \*..!."\*- \*0)/. !!%1'! ) \*)/-/ ..!/.* O+- P ,:7 3?7@6?7@FE;@ +- BDAH;67 3 BD35F;53> 7JB76;7@F F:3F 3>>AIE 7@F;F;7E FA 3EEG?7 5GDD7@F 75A@A?;5 5A@6;F;A@E 3E A8 F:7 43>3@57 E:77F 63F7 I;>> D7?3;@ G@5:3@976 F:DAG9:AGF F:7 D73EA@34>7 3@6 EGBBADF34>7 8AD753EF B7D;A6 I:7@ 7EF;?3F;@9 7JB75F76 5D76;F >AEE7E 8AD 7>;9;4>7 8;@3@5;3> 3EE7FE ;@5>G6;@9FD367 D757;H34>7E 3@6 5A@FD35F 3EE7FE +- ;E 78875F;H7 8AD 8;E53> B7D;A6E 479;@@;@9 38F7D 757?47D 
,:7A?B3@K;E;@F:7BDA57EEA87H3>G3F;@9F:7;?B35FA8+-A@;FE8;@3@5;3>EF3F7?7@FE

#### **&313;A11<B;A7;5\$?<;<B;13:3;A@H2<=A32**

'@ 757?47D 
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

'@%3D5: 
 F:7+;EEG76+- *\*(+!)./%\*)/\*&\*(+!)./%\*)-\*+%
\*+!++'%/%\*)\*" -\*"%/. )/!-!./) %(%'-2- .*O+-P I:;5:5>3D;8;7E:AI3@7@F;FK67F7D?;@7EI:7F:7D3BDA8;FE;@F7D7EFAD E;?;>3D3I3D6;EI;F:;@F:7 E5AB7 A8+ AD @AF3 E:3D7 43E76 B3K?7@F3DD3@97?7@F 3@6F:7D78AD7I;F:;@F:7 E5AB7 A8 AF:7D 9G;63@57 ,:7 9G;63@57 ;@ +- 3BB>;7E FA 3>> 7@F;F;7E F:3F ;EEG7 BDA8;FE ;@F7D7EF 3I3D6E 3E 5A?B7@E3F;A@ FA 7?B>AK77EAD@A@7?B>AK77E;@7J5:3@978AD9AA6EADE7DH;57E+-I3E78875F;H78AD3@@G3>B7D;A6E479;@@;@938F7D 757?47D 
,:7A?B3@K36ABF76F:;EEF3@63D6A@"3@G3DK 

'@%3D5: 
 F:7+;EEG76+- *\* %"%/%\*)(+-\*1!(!)/.5(!) (!)/./\*!(\*1!!"!-!)!./\*/\$! \*)!+/ //!(!)/.* O+- P+- 5A@F3;@E 3?7@6?7@FEFAF:7 +55AG@F;@9 +F3@63D6EA6;8;53F;A@ F:3FD7?AH7D787D7@57EFAH3D;AGE+A@57BFE+F3F7?7@FE!@?AEF;@EF3@57E F:7D787D7@57E3D77JFD3@7AGE3@6@AFD7CG;D76 FA G@67DEF3@6 AD3BB>KF:7 9G;63@57 !@ AF:7D;@EF3@57E F:7 D787D7@57EI7D7 GE76;@ BD;AD+F3F7?7@FEFA BDAH;67 9G;63@57;@ 57DF3;@FAB;53>3D73E+-I3E78875F;H78AD8;E53>K73DE479;@@;@938F7D757?47D 
,:7A?B3@K36ABF76 F:;EEF3@63D6A@"3@G3DK 

,:7D7I3E@A;?B35FA@F:7A?B3@KRE;@3@5;3>+F3F7?7@FE8DA?D757@F>K36ABF76355AG@F;@9EF3@63D6E

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

#### **'"')&(''&()"&& &) (#"'**

,:7 A?B3@K ;E 3 D79;EF7D76 4DA=7D 673>7D 3@6 ;E EG4<75F FA \*G>7 5 G@67D F:7 +75GD;F;7E J5:3@97 5F A8 F:7 5GEFA?7D BDAF75F;A@ DG>7 O\*G>7 5 P\*G>7 5 D7CG;D7EF:7?3;@F7@3@57 3@6 B7D;A6;5 67BAE;F ADI;F:6D3I3> A8 53E: 3@6AD CG3>;8;76 E75GD;F;7E 3E 678;@76 ;@ EB75;3> D7E7DH7 355AG@FE 8AD F:7 7J5>GE;H7 47@78;FE A8 5GEFA?7DE 3@6 BDABD;7F3DK 355AG@FEA84DA=7DEAD673>7DE O(EP3E:3@6CG3>;8;76E75GD;F;7E:7>6 8ADF:77J5>GE;H747@78;FA85GEFA?7DE3@6(E G@67D\*G>75 5A@E;EFA8F:78A>>AI;@9

|                             | 313:03?<br>  |
|-----------------------------|--------------|
| GEFA?7DEM3E:                | <br>         |
| GEFA?7DM)G3>;8;76E75GD;F;7E |              |
| -+,D73EGD;7E                | <br>         |
| (M3E:                       | <br>         |
| (<A/9                       | <br><br><br> |

66;F;A@3>>K F:7A?B3@K;E EG4<75FFA53E: E79D793F;A@ D7CG;D7?7@FE G@67D,\*79G>3F;A@ 3E: E79D793F76 G@67D ,\*79G>3F;A@5A@E;EFEA8F:78A>>AI;@9

|                    | 313:03?<br>  |
|--------------------|--------------|
| ,E79D793F7653E:    | <br>         |
| 3E::7>63F5>73D;@9% | <br>         |
| (<A/9              | <br><br><br> |

!@5>G676;@F:7+F3F7?7@FA8;@3@5;3>A@6;F;A@;@3E:ME79D793F768ADD79G>3FADKBGDBAE7E

 !@5>G676;@F:7+F3F7?7@FA8;@3@5;3>A@6;F;A@;@+75GD;F;7E E79D793F768ADD79G>3FADKBGDBAE7E 3F83;DH3>G7

!@5>G676;@F:7+F3F7?7@FA8;@3@5;3>A@6;F;A@;@\*757;H34>7E8DA?5GEFA?7DE

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

#### **&3137C/093@**

\*757;H34>7E8DA?4DA=7DE 673>7DE 5>;7@FE3@65>73D;@9AD93@;L3F;A@E5A@E;EFA8F:78A>>AI;@9

|                                         | 313:03?<br>  |
|-----------------------------------------|--------------|
| 7BAE;FEI;F:5>73D;@9AD93@;L3F;A@E        | <br>         |
| ,D3@E35F;A@<br>43E76D7H7@G7D757;H34>7E  | <br>         |
| 'F:7DD757;H34>7E8DA?4DA=7DE3@6673>7DE   | <br>         |
| *757;H34>7E8DA?5>;7@FE	@7FA83>>AI3@57A8 | <br>         |
| %A@7K?3D=7F8G@6E                        | <br>         |
| *757;H34>7E8ADE75GD;F;7E83;>76FA67>;H7D | <br>         |
| (<A/9                                   | <br><br><br> |

\*757;H34>78DA?4DA=7DE 673>7DE 5>;7@FE3@65>73D;@9AD93@;L3F;A@E3D75A@E;67D76B3EF6G7I:7@B3K?7@FE3D7@AFD757;H76A@ 3 F;?7>K 43E;E ;@ 355AD63@57 I;F: F:7 A?B3@KRE 5D76;F F7D?E 55AG@FE 5A@E;67D76 G@5A>>75F;4>7 3D7 ID;FF7@ A88 ,:7 A?B3@KRE7EF;?3F7A8F:73>>AI3@578AD5D76;F>AEE7E;E43E76A@:;EFAD;53>7JB7D;7@57 ;FE7H3>G3F;A@A8F:75GDD7@FEF3FGEA8 D757;H34>7E 3@6G@GEG3>5;D5G?EF3@57E ;83@K

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

,:78A>>AI;@9BD7E7@FEF:735F;H;FK;@F:7A?B3@KRE3>>AI3@578AD5D76;F>AEE7E8ADD757;H34>7E8DA?4DA=7DE 673>7DE 5>;7@FE 3@65>73D;@9AD93@;L3F;A@E

|                                               | 313:03?<br> |
|-----------------------------------------------|-------------|
| >>AI3@573F479;@@;@9A8B7D;A6                   | <br>        |
| (>GE5D76;F>AEE7JB7@E78ADF:75GDD7@FB7D;A6      | <br>        |
| \$7EEID;F7<br>A88E5:3D976393;@EFF:73>>AI3@57E | <br>        |
| 99<D/;13/A3;2<4=3?7<2                         | <br><br>    |

#### **\$/F/093**

(3K34>7EFA4DA=7DE 673>7DE 5>;7@FE3@65>73D;@9AD93@;L3F;A@E5A@E;EFA8F:78A>>AI;@9

|                                      | 313:03?<br>  |
|--------------------------------------|--------------|
| (3K34>7EFA5>;7@FE                    | <br>         |
| 'F:7DB3K34>7EFA4DA=7DEAD673>7DE      | <br>         |
| (3K34>7E8ADE75GD;F;7E83;>76FAD757;H7 | <br>         |
| (<A/9                                | <br><br><br> |

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

(DAB7DFK3@67CG;B?7@F @7F5A@E;EFA8F:78A>>AI;@9

|                                               | 313:03?<br>  |
|-----------------------------------------------|--------------|
| A?BGF7D:3D6I3D7                               | <br>         |
| \$73E7:A>6;?BDAH7?7@FE                        | <br>         |
| 3B;F3>;L76;@F7D@3>GE7EA8FI3D767H7>AB?7@F5AEFE | <br>         |
| GD@;FGD7	8;JFGD7E	3@67CG;B?7@F                | <br>         |
| (<A/9=?<=3?AF/;23>B7=:3;A                     | <br><br>     |
| \$7EE55G?G>3F7667BD75;3F;A@3@63?ADF;L3F;A@    | <br>         |
| \$?<=3?AF/;23>B7=:3;A;3A                      | <br><br><br> |

## **"(("#"" ''('""" ('**

+G4EF3@F;3>>K3>>A8F:7A?B3@KREE75GD;F;7E4ADDAI;@93@6E75GD;F;7E>7@6;@935F;H;FK;EFD3@E35F76G@67D?3EF7D39D77?7@FE F:3F ?3K 3>>AI 8AD @7F E7FF>7?7@F ;@ F:7 AD6;@3DK 5AGDE7 A8 4GE;@7EE 3E I7>> 3E A88E7FF;@9 A8 3>> 5A@FD35FE I;F: 3 9;H7@ 5AG@F7DB3DFK;@F:77H7@FA86783G>F4KA@7A8F:7B3DF;7E AI7H7D 8AD8;@3@5;3>EF3F7?7@FBGDBAE7E F:7A?B3@K6A7E@AF@7F 43>3@57ED7>3F76FAF:7E78;@3@5;3>;@EFDG?7@FE,:7E78;@3@5;3>;@EFDG?7@FE3D7BD7E7@F76A@39DAEE43E;E;@F:7+F3F7?7@FA8 ;@3@5;3>A@6;F;A@

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

,:7BAF7@F;3>78875FA8D;9:FEA8E7FA883EEA5;3F76I;F:F:7A?B3@KRED75A9@;L763EE7FE3@6>;34;>;F;7E;E3E8A>>AIE

|                    | ?<@@:<B;A@<br><4&31<5;7G32<br>@@3A@/;2<br>7/0797A73@ | ?<@@:<B;A@<br>#44@3A7;A63<br>'A/A3:3;A<4<br>7;/;17/9<br><;27A7<; | "3A:<B;A@<br>\$?3@3;A327;A63<br>'A/A3:3;A<4<br>7;/;17/9<br><;27A7<; | <99/A3?/9<br>&3137C32<?<br>\$932532 | "3A<br>:<B;A |
|--------------------|------------------------------------------------------|------------------------------------------------------------------|---------------------------------------------------------------------|-------------------------------------|--------------|
| @<4313:03?<br>     |                                                      |                                                                  |                                                                     |                                     |              |
| @@3A@              |                                                      |                                                                  |                                                                     |                                     |              |
| +75GD;F;7E4ADDAI76 |                                                      | <br>N                                                            |                                                                     |                                     |              |
| 7/0797A73@         |                                                      |                                                                  |                                                                     |                                     |              |
| +75GD;F;7E>A3@76   |                                                      | <br>N                                                            |                                                                     |                                     |              |

?AG@FED7BD7E7@FD75A9@;L763EE7FE3@6>;34;>;F;7EF:3F3D7EG4<75FFA7@8AD5734>7?3EF7D39D77?7@FEI;F:D;9:FEA8E7FA88

\*7BD7E7@FEF:783;DH3>G7A85A>>3F7D3>F:7A?B3@K:36D757;H76ADB>76976G@67D7@8AD5734>7?3EF7D39D77?7@FE

 \*7BD7E7@FEF:73?AG@F8ADI:;5: ;@F:753E7A8@7FD75A9@;L763EE7FE F:7A?B3@K:36@AFD757;H765A>>3F7D3> 3@6;@F:7 53E7A8@7FD75A9@;L76>;34;>;F;7E F:7A?B3@K:36@AFB>769765A>>3F7D3>

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

+ + 
 *%- '0! !.0-!(!)/.* 7EF34>;E:7E 3 8D3?7IAD= 8AD ?73EGD;@9 83;D H3>G7 3@6 7EF34>;E:7E 3 83;D H3>G7 :;7D3D5:KI:;5:BD;AD;F;L7EF:7;@BGFEFAH3>G3F;A@F75:@;CG7E3;DH3>G7;EF:7BD;57F:3FIAG>647D757;H76FAE7>>3@3EE7FAD F:7BD;57B3;6FAFD3@E87D3>;34;>;FK;@3@AD67D>KFD3@E35F;A@47FI77@?3D=7FB3DF;5;B3@FE3FF:7?73EGD7?7@F63F783;DH3>G7 ?73EGD7?7@F 3EEG?7EF:7FD3@E35F;A@FA E7>>F:7 3EE7F ADFD3@E87DF:7>;34;>;FK A55GDE;@F:7 BD;@5;B3>?3D=7F 8ADF:7 3EE7F AD >;34;>;FKAD ;@F:734E7@57A83BD;@5;B3>?3D=7F F:7?AEF36H3@F397AGE?3D=7F.3>G3F;A@F75:@;CG7EF:3F3D75A@E;EF7@FI;F: F:7?3D=7F ;@5A?7 AD5AEF3BBDA35: 3EEB75;8;764K+
3D7GE76FA?73EGD783;DH3>G7

,:783;DH3>G7:;7D3D5:KBD;AD;F;L7EF:7;@BGFEFAH3>G3F;A@F75:@;CG7EGE76FA?73EGD783;DH3>G7;@FAF:D774DA36>7H7>E

- \$7H7> !@BGFE3D7CGAF76BD;57E;@35F;H7?3D=7FE8AD;67@F;53>3EE7FEAD>;34;>;F;7EF:3FF:7A?B3@K:3EF:734;>;FKFA 3557EE3FF:7?73EGD7?7@F63F7.3>G3F;A@A8F:7E7;@EFDG?7@FE6A7E@AFD7CG;D73:;9:679D77A8<G69?7@F 3E F:7H3>G3F;A@E3D743E76A@CGAF76BD;57E;@35F;H7?3D=7FEF:3F3D7D736;>K3@6D79G>3D>K3H3;>34>7
- \$7H7> !@BGFE AF:7DF:3@ CGAF76 BD;57E;@ 35F;H7 ?3D=7FEF:3F 3D7 7;F:7D 6;D75F>K AD;@6;D75F>K A4E7DH34>7 3E A8F:7 ?73EGD7?7@F63F7 EG5:3ECGAF76BD;57E8ADE;?;>3D3EE7FEAD>;34;>;F;7E CGAF76BD;57E;@?3D=7FEF:3F3D7@AF 35F;H7ADAF:7D;@BGFEF:3F3D7A4E7DH34>7AD53@475ADDA4AD3F764KA4E7DH34>7?3D=7F63F38ADEG4EF3@F;3>>K F:78G>>F7D?EA8F:73EE7FEAD>;34;>;F;7E,:7E78;@3@5;3>;@EFDG?7@FE3D7H3>G764KCGAF76BD;57EF:3F3D7>7EE 8D7CG7@F>KD78D7E:76F:3@F:AE7;@35F;H7?3D=7FEAD4K?A67>EF:3FGE7H3D;AGE3EEG?BF;A@E67D;H768DA?AD EGBBADF764K63F3F:3F;E97@7D3>>KA4E7DH34>7;@F:7?3D=7FB>357.3>G3F;A@E;@F:;E53F79ADK3D7;@:7D7@F>K >7EE D7>;34>7 F:3@ F:AE7 67F7D?;@76 4K CGAF76 ?3D=7F BD;57E 6G7 FA F:7 679D77 A8 EG4<75F;H;FK ;@HA>H76 ;@ 67F7D?;@;@9 3BBDABD;3F7 ?7F:A6A>A9;7E 3@6 3BB>;534>7 G@67D>K;@9 3EEG?BF;A@E J3?B>7E A8 A4E7DH34>7 ;@BGFE AF:7D F:3@ CGAF76 BD;57E 8AD F:7 3EE7F AD >;34;>;FK 3D7 ;@F7D7EF D3F7E 3@6 K;7>6 5GDH7E A4E7DH34>7 3F 5A??A@>KCGAF76;@F7DH3>E HA>3F;>;F;7E BD7B3K?7@FEB776E >AEEE7H7D;F;7E 5D76;FD;E=E 3@66783G>FD3F7E
- \$7H7> .3>G3F;A@E 43E76 A@ ;@BGFE F:3F 3D7 G@A4E7DH34>7 3@6 @AF 5ADDA4AD3F76 4K ?3D=7F 63F3 ,:7E7 8;@3@5;3> ;@EFDG?7@FE :3H7 E;9@;8;53@F ;@BGFE F:3F 53@@AF 47 H3>;63F76 4K D736;>K 67F7D?;@34>7 63F3 3@6 97@7D3>>K ;@HA>H75A@E;67D34>7<G69?7@F4K?3@397?7@F

,:7 >7H7> A8 ;@BGF GE76 8AD H3>G;@9 E75GD;F;7E ;E @AF @757EE3D;>K 3@ ;@6;53F;A@ A8 F:7 D;E= 3EEA5;3F76 I;F: ;@H7EF;@9 ;@ F:AE7 E75GD;F;7E

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

,:7A?B3@KRE 3EE7FE 3@6>;34;>;F;7E?73EGD76 3F 83;D H3>G7 A@ 3 D75GDD;@9 43E;E;@5>G67 E75GD;F;7E E79D793F76 8AD D79G>3FADK BGDBAE7E ?A@7K?3D=7F8G@6E 8D35F;A@3>7CG;FKE75GD;F;7E3@68;J76;@5A?7E75GD;F;7E

,:783;DH3>G7EA8?A@7K?3D=7F8G@6E3@68D35F;A@3>7CG;FKE75GD;F;7E3D767F7D?;@764KD787D7@57FAF:7CGAF76?3D=7FBD;57 B7DG@;F;@35F;H7?3D=7FE?G>F;B>;764KF:7@G?47DA8G@;FE:7>6I;F:AGF5A@E;67D3F;A@A8FD3@E35F;A@5AEFE,:7CGAF76?3D=7F BD;57E GE76 FA 67F7D?;@7 F:7 83;D ?3D=7F H3>G7E 3D7 43E76 A@ ?3D=7F BD;57E BG4>;E:76 4K 7J5:3@97E 3@6 5>73D;@9 :AGE7E AD AF:7DI;E74DA36>K6;EFD;4GF76;@35F;H7?3D=7FE

,:7 83;D H3>G7E A8 -+ 9AH7D@?7@F 3@6 8D35F;A@3> 8;J76 ;@5A?7 E75GD;F;7E 3D7 67F7D?;@76 GE;@9 BD;5;@9 ?A67>E F:3F GE7 A4E7DH34>7;@BGFEBDAH;6764K4DA=7DEAD673>7DEAD5>73D;@9AD93@;L3F;A@E

\$;34;>;F;7E ?73EGD76 3F 83;D H3>G7 A@ 3 D75GDD;@9 43E;E ;@5>G67 D7BGD5:3E7 >;34;>;F;7E D7>3F76 FA GE7D :7>6 8D35F;A@3> E:3D7E A8 7CG;FK E75GD;F;7E 3@6 GE7D :7>6 8D35F;A@3> 4A@6E A8 8;J76 ;@5A?7 E75GD;F;7E ,:7 A?B3@K :3E 7>75F76 F:7 83;D H3>G7 ABF;A@ BGDEG3@F FA + *%))%' )./-0(!)/.* 8AD F:7 D7BGD5:3E7 >;34;>;F;7E FA ?3F5: F:7 ?73EGD7?7@F 3@6 355AG@F;@9 A8 F:7 D7>3F76 GE7D :7>6 8D35F;A@3> E:3D7E 3@6 GE7D :7>6 8D35F;A@3> 4A@6E ,:7 83;D H3>G7E A8 F:7 D7BGD5:3E7 >;34;>;F;7E 3D7 43E76 A@ CGAF76 ?3D=7F BD;57E AD AF:7D A4E7DH34>7 ?3D=7F 63F3 5A@E;EF7@F I;F: F:7 D7>3F76 GE7D :7>6 8D35F;A@3> E:3D7E 3@6 GE7D :7>6 8D35F;A@3>4A@6E

,:7 8A>>AI;@9 F34>7 EG??3D;L7E F:7 3EE7FE ?73EGD76 3F 83;D H3>G7 A@ 3 D75GDD;@9 43E;E 43E76 A@ F:7 F:D77 F;7D 83;D H3>G7 :;7D3D5:K

|                                                         | 3C39 |      | 3C39 |   | 3C39 |   | (<A/9 |      |
|---------------------------------------------------------|------|------|------|---|------|---|-------|------|
| 313:03?<br>                                             |      |      |      |   |      |   |       |      |
| @@3A@                                                   |      |      |      |   |      |   |       |      |
| -+9AH7D@?7@FE75GD;F;7E                                  |      | N    |      |   |      | N |       |      |
| CG;FKE75GD;F;7E<br>GE7D<br>:7>68D35F;A@3>E:3D7E         |      |      |      | N |      | N |       |      |
| ;J76;@5A?7E75GD;F;7E<br>GE7D<br>:7>68D35F;A@3><br>4A@6E |      | N    |      |   |      | N |       |      |
| %A@7K?3D=7F8G@6E                                        |      |      |      | N |      | N |       |      |
| (<A/947;/;17/9/@@3A@                                    |      | <br> | <br> |   | <br> | I | <br>  | <br> |
| 7/0797A73@                                              |      |      |      |   |      |   |       |      |
| CG;FKE75GD;F;7E<br>D7BGD5:3E7A4>;93F;A@E                |      |      |      | N |      | N |       |      |
| ;J76;@5A?7E75GD;F;7E<br>D7BGD5:3E7<br>A4>;93F;A@E       |      | N    |      |   |      | N |       |      |
| (<A/947;/;17/997/0797A73@                               |      | <br> | <br> |   | <br> | I | <br>  | <br> |

 !@5>G676;@+75GD;F;7E E79D793F768ADD79G>3FADKBGDBAE7E 3F83;DH3>G7;@F:7+F3F7?7@FA8;@3@5;3>A@6;F;A@

 !@5>G676 ;@ \*757;H34>7E 8DA? 4DA=7DE 673>7DE 5>;7@FE 3@6 5>73D;@9 AD93@;L3F;A@E ;@ F:7 +F3F7?7@F A8 ;@3@5;3> A@6;F;A@

,:7D7I7D7@AFD3@E87DE47FI77@>7H7>E6GD;@9F:7B7D;A6EBD7E7@F76

#### **# (&**

,:7A?B3@KD757;H7E5A>>3F7D3>;@5A@@75F;A@I;F:?3D9;@>7@6;@9 E75GD;F;7E4ADDAI76 3@6D7H7DE7D7BGD5:3E739D77?7@FE -@67DH3D;AGE39D77?7@FE F:7A?B3@K;EB7D?;FF76FAB>7697F:7E75GD;F;7E:7>63E5A>>3F7D3> GE7F:7E75GD;F;7EFA7@F7D;@FA E75GD;F;7E >7@6;@9 3DD3@97?7@FE AD 67>;H7DF:7 E75GD;F;7EFA 5AG@F7DB3DF;7EFA 5AH7D E:ADF BAE;F;A@E,:7 5A>>3F7D3> B>76976;@ E75GD;F;7E>7@6;@9FD3@E35F;A@E;E?3D=76FA?3D=7FA@363;>K43E;E3@6@AFEG4<75FFAF7D?5A??;F?7@FE

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

,:7A?B3@KRE5A>>3F7D3>G@67D?3D9;@>7@6;@93@6E75GD;F;7E4ADDAI76;E3E8A>>AIE

|                                                      | 313:03?<br> |
|------------------------------------------------------|-------------|
| 557EE;4>75A>>3F7D3>8DA??3D9;@>7@6;@9                 | <br>        |
| 557EE;4>75A>>3F7D3>8DA?E75GD;F;7E4ADDAI76            | <br>        |
| A>>3F7D3>GF;>;L76FAEGBBADFE75GD;F;7E>7@6;@95A@FD35FE | <br>        |
| A>>3F7D3>B>76976;@E75GD;F;7E>7@6;@9                  | <br>        |

#### **'#&((&!#&&#+"'**

E A8757?47D 
 F:7A?B3@K :36 E:ADF F7D? 43@=5D76;F 835;>;F;7EI;F: E7H7@ 8;@3@5;3>;@EF;FGF;A@EI;F:3H3;>34>7 4ADDAI;@953B35;FKA8?;>>;A@3FH3D;34>7F7D?E 3@6366;F;A@3>9G;67>;@753B35;FK8DA?FIA8;@3@5;3>;@EF;FGF;A@E,:7D7 I7D7@A3?AG@FE6D3I@3EA8757?47D 

|                | 313:03?<br>           |                          |          |                        |                      |              |
|----------------|-----------------------|--------------------------|----------|------------------------|----------------------|--------------|
|                | <::7AA32<br>);@31B?32 | );1<::7AA32<br>);@31B?32 |          | );1<::7AA32<br>'31B?32 | (<A/9<br>/1797AF'7G3 | E=7?3<br>/A3 |
| 35;>;FK        | <br>N                 |                          |          |                        |                      | &A@7         |
| 35;>;FK        | <br>N                 |                          |          | <br>N                  | <br>                 | &A@7         |
| 35;>;FK        | <br>                  |                          | N        | <br>N                  | <br>                 | "3@G3DK      |
| 35;>;FK        | <br>N                 |                          |          |                        |                      | &A@7         |
| +K@6;53F7\$;@7 |                       |                          | N        | <br>N                  |                      | BD;>         |
|                | <br><br><br><br>      |                          | <br><br> | <br><br><br>           | <br><br><br>         |              |

'@ "3@G3DK 
 F:7 A?B3@K 7@F7D76 ;@FA F:7 8;8F: 3?7@6?7@F 3@6 ?A6;8;53F;A@ FA D7HA>H;@9 39D77?7@F O35;>;FK ?7@6769D77?7@FPI;F:38;@3@5;3>;@EF;FGF;A@ 7JF7@6;@9F:7?3FGD;FK63F7FA"3@G3DK 
EA8757?47D 
 F:7A?B3@KI3E;@6783G>FA8F:7BDAH;E;A@E;@F:735;>;FKD7HA>H;@95D76;F39D77?7@FO\$A3@9D77?7@FP63F76&AH7?47D 
 3E3?7@676 D7>3F;@9FA35:3@97;@5A@FDA> O+B75;8;76783G>FP 3E678;@76;@F:7\$A3@9D77?7@F,:7A?B3@K A4F3;@763>;?;F76I3;H7D8DA?F:78;@3@5;3>;@EF;FGF;A@ I:7D74KF:7+B75;8;76783G>FI3EI3;H764KF:78;@3@5;3>;@EF;FGF;A@ A@"3@G3DK 

'@ BD;> 
 F:7 A?B3@K 7@F7D76 ;@FA F:7 @;@F: 3?7@6?7@F FA 3 5D76;F 39D77?7@F O+K@6;53F7 \$;@7P I;F: 57DF3;@ 8;@3@5;3> ;@EF;FGF;A@E F:3F D7@7I76 F:7 5A??;FF76 G@E75GD76 D7HA>H;@9 >7@6;@9 835;>;FK 3@6 7JF7@6;@9 F:7 ?3FGD;FK 63F7 FA BD;> 

,:7 A?B3@K :3E 3 67?3@6 BDA?;EEADK @AF7 I;F: 3 8;@3@5;3> ;@EF;FGF;A@ O35;>;FK P F:3F BDAH;67E 3@ G@5A??;FF76 3@6 G@E75GD76D7HA>H;@95D76;F835;>;FKF:3FB7D?;FEF:7A?B3@KFA4ADDAI3FF:76;E5D7F;A@A8F:78;@3@5;3>;@EF;FGF;A@,:7D3F7A8 ;@F7D7EFB7D3@@G?8AD735:>A3@?367FAF:7A?B3@KG@67D35;>;FK;E67F7D?;@76A@363;>K43E;E8AD735:63KF:3FEG5: >A3@3?AG@FD7?3;@EAGFEF3@6;@9,:763;>K;@F7D7EFD3F7;E67F7D?;@7643E76A@F:7D3F7CGAF764KF:78;@3@5;3>;@EF;FGF;A@3@6 39D77647FI77@F:7A?B3@K3@6F:78;@3@5;3>;@EF;FGF;A@

,:7A?B3@K:3E3@G@5A??;FF76 E75GD76D7HA>H;@95D76;F835;>;FKI;F:38;@3@5;3>;@EF;FGF;A@OG;67>;@735;>;FKP I;F:3 H3D;34>7>A3@E;L73?AG@F3>A@9I;F:3D3@97A8;@F7D7EFD3F7E 735:FA4767F7D?;@763FF:7F;?7A8F:7>A3@6D3I6AI@3@63F F:76;E5D7F;A@A8F:78;@3@5;3>;@EF;FGF;A@

7DF3;@835;>;F;7EI7D7F7D?;@3F76;@BD;ADK73DE

#### **''**

,:7A?B3@KRE>73E7EBD;?3D;>K5A@E;EFA8A88;57EB357EEA8757?47D 
 F:7I7;9:F76 3H7D397D7?3;@;@9>73E7F7D? A@F:7E7>73E7E;E3BBDAJ;?3F7>KK73DE3@6F:7I7;9:F76 3H7D3976;E5AG@FD3F7GE76FA?73EGD7F:7>73E7>;34;>;F;7E;E

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

EA8757?47D 
 F:7AB7D3F;@9>73E7D;9:F A8 GE73EE7F;E 

3@6F:7AB7D3F;@9>73E7>;34;>;FK;E JB7@E7 8DA? AB7D3F;@9 >73E7E ;E 53>5G>3F76 3@6 D75A9@;L76 A@ 3 EFD3;9:F >;@7 43E;E AH7D F:7 3BB>;534>7 >73E7 B7D;A6E 5A@E;67D;@9D7@F5A@57EE;A@E >73E7;@57@F;H7E 3@67E53>3F;@9D7@FF7D?E,:7A?B3@KRE>73E739D77?7@FE6A@AF5A@F3;@3@K D7E;6G3>H3>G79G3D3@F77E D7EFD;5F;A@E AD5AH7@3@FE

,:7A?B3@K:3E@A@ 53@57>34>7AB7D3F;@9>73E7E8AD;FEA88;57E3@6D7@F3>7CG;B?7@F3@6:3E7>75F76@AFFAE7B3D3F7>73E73@6 @A@ >73E75A?BA@7@FEE A8757?47D 
 8GFGD7 G@6;E5AG@F7653E: 8>AIE D7>3F76FA AB7D3F;@9>73E7 B3K?7@FE3D73E 8A>>AIE

|                                                        | #=3?/A7;5 3/@3<br><::7A:3;A@ |  |
|--------------------------------------------------------|------------------------------|--|
|                                                        | <br>                         |  |
|                                                        | <br>                         |  |
| (<A/9B;27@1<B;A324BAB?31/@649<D@?39/A32A<93/@3=/F:3;A@ | <br>                         |  |
| \$7EE!?BGF76;@F7D7EF                                   | <br>                         |  |
| \$?3@3;AC/9B3<4A6393/@397/0797A73@                     | <br>                         |  |

#### **#!!(!"('#"(""'")&"('**

DA?F;?7FAF;?7 F:7A?B3@K?3K475A?7;@HA>H76;@H3D;AGE>793>?3FF7DE3@6D79G>3FADK;@CG;D;7EAD7J3?;@3F;A@E;@F:7 AD6;@3DK 5AGDE7 A8 5A@6G5F;@9 4GE;@7EE ,:7 A?B3@K :3E 3@ 355DG3> A8 
 ?;>>;A@ 8AD >793> 3@6 D79G>3FADK ;@CG;D;7E 4K !&\*3EA8757?47D 

GD;@9F:7K73D7@676757?47D 
 F:7A?B3@KB3;6?;>>;A@FA!&\*8AD>793>3@6D79G>3FADK?3FF7DE

,:7A?B3@K;E D7CG;D76FA 6;E5>AE7;@8AD?3F;A@34AGF;FE A4>;93F;A@E G@67D57DF3;@ 9G3D3@F773DD3@97?7@FEG3D3@F77E3D7 678;@763E5A@FD35FE3@6;@67?@;8;53F;A@39D77?7@FEF:3F5A@F;@97@F>KD7CG;D739G3D3@FADFA?3=7B3K?7@FE8ADF:79G3D3@F776 B3DFK43E76A@5:3@97E;@3@G@67D>K;@9E75GD;FKEG5:3E3@;@F7D7EFAD8AD7;9@7J5:3@97D3F7 E75GD;FKAD5A??A6;FKBD;57 3@ ;@67J ADF:7 A55GDD7@57 AD @A@A55GD7@57 A83 EB75;8;767H7@F D7>3F76FA3@3EE7F >;34;>;FK AD7CG;FK E75GD;FK A83 9G3D3@F776 B3DFK,:7K3D7 8GDF:7D678;@763E5A@FD35FEF:3F5A@F;@97@F>KD7CG;D7F:79G3D3@FADFA?3=7B3K?7@FEFAF:79G3D3@F776B3DFK 43E76 A@ 3@AF:7D 7@F;FKRE 83;>GD7 FA B7D8AD? G@67D 3@ 39D77?7@F 3E I7>> 3E ;@6;D75F 9G3D3@F77E A8 ;@674F76@7EE A8 AF:7DE G3D3@F77E?3674K35>73D;@94DA=7D 673>7D53@473D76G5F;A@FAD79G>3FADK&7F3B;F3>

,:7'BF;A@>73D;@9ADBAD3F;A@ O'P;E 8AD?763E3?GFG3>5A?B3@K I:7D7?7?47DE39D77FA 8G@63@AF:7D?7?47DRE 678;5;F;8F:3F?7?47DRE5>73D;@98G@6:3E477@7JF;@9G;E:76,:7':3E@AF:363E;9@;8;53@F;EEG7I;F:3?7?47DRE678;5;F ,:7A?B3@K F:7D78AD7 53@@AF7EF;?3F73@K9G3D3@F77A4>;93F;A@3EEA5;3F76I;F:F:7'?7?47DE:;BGDF:7D ?3@397?7@F 47>;7H7EF:7 7JBAEGD7FA 47 D7?AF7 3@6F:7D78AD7 F:7A?B3@K 6A7E @AFF3=7 3 D76G5F;A@FA D79G>3FADK &7F3B;F3> 8ADF:;E 9G3D3@F77@AD:3E3D7E7DH7477@7EF34>;E:76;@F:7+F3F7?7@FA8;@3@5;3>A@6;F;A@

EBD7H;AGE>K6;E5>AE76 F:7A?B3@K;E3?7?47DA857DF3;@5>73D;@9AD93@;L3F;A@EEEA5;3F76I;F:;FEEF3@63D6?7?47DE:;B 39D77?7@FE F:7A?B3@K?3K 47 D7CG;D76FA B3K3 BDABADF;A@3F7E:3D7 A8F:7 8;@3@5;3> A4>;93F;A@E A83@AF:7D?7?47DI:A ?3K6783G>FA@;FEA4>;93F;A@EFAF:75>73D;@9AD93@;L3F;A@/:;>7F:7DG>7E9AH7D@;@96;887D7@F7J5:3@97?7?47DE:;BEH3DK ;@ 97@7D3> F:7 A?B3@KRE 9G3D3@F77 A4>;93F;A@E IAG>6 3D;E7 A@>K ;8 F:7 5>73D;@9 AD93@;L3F;A@ :36 BD7H;AGE>K 7J:3GEF76 ;FE D7EAGD57E !@ 366;F;A@ 3@K EG5: 9G3D3@F77 A4>;93F;A@ IAG>6 47 3BBADF;A@76 3?A@9 F:7 AF:7D @A@6783G>F;@9 ?7?47DE A8 F:7 5>73D;@9 AD93@;L3F;A@ @K BAF7@F;3> 5A@F;@97@F >;34;>;FK G@67D F:7E7 ?7?47DE:;B 39D77?7@FE 53@@AF 47 7EF;?3F76 ,:7 A?B3@K:3E@AFD75AD6763@K5A@F;@97@F>;34;>;FK;@F:7+F3F7?7@FA8;@3@5;3>A@6;F;A@8ADF:7E739D77?7@FE3@647>;7H7E F:3F3@KBAF7@F;3>D7CG;D7?7@FFA?3=7B3K?7@FEG@67DF:7E739D77?7@FE;ED7?AF7

## **'&\$(**

,:7A?B3@KREE:3D753B;F3>5A@E;EFEA85A??A@EFA5=3@6BD787DD76EFA5=GF:AD;L765A??A@EFA5=;@5>G67E

E:3D7E I;F:3B3DH3>G7A8

B7DE:3D7,:7D73D75GDD7@F>K

E:3D7EAGFEF3@6;@9GF:AD;L76BD787DD76EFA5=;@5>G67E E:3D7EI;F:3B3DH3>G7A8

B7DE:3D7,:7D7;E5GDD7@F>KA@7E:3D7AGFEF3@6;@9

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

,:7A?B3@KB3;66;H;67@6EA8 

FAB7J;@F75:6GD;@9F:7K73D7@676757?47D 

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

'@74DG3DK 
 F:7A3D6A8;D75FADEA8B7J;@F75:36ABF76F:7B7J;@F75:+A>GF;A@E !@5CG;FK!@57@F;H7(>3@ O+CG;FK(>3@PI:;5:3GF:AD;L76F:79D3@F;@9A8GBFA 

E:3D7EA8B7J;@F75:RE5A??A@EFA5=3EE:3D7 43E76 5A?B7@E3F;A@FA7>;9;4>7B3DF;5;B3@FE 3EABF;A@EFABGD5:3E7E:3D7EA85A??A@EFA5=;@F:78AD?A8;@57@F;H7EFA5=ABF;A@EAD @A@CG3>;8;76 EFA5= ABF;A@E EFA5= 3BBD75;3F;A@ D;9:FE O+\*EP ;@ F:7 8AD? A8 F3@67? +\*E AD 8D77EF3@6;@9 +\*E EFA5= 3I3D6E;@F:78AD?A8D7EFD;5F76EFA5=3I3D6EO\*+I3D6EP D7EFD;5F76EFA5=G@;F3I3D6EO\*+-EPADAF:7DEFA5=3I3D6E3@6 B7D8AD?3@573I3D6E+:3D7E9D3@F76G@67DF:7+CG;FK(>3@I;>>47;EEG768DA?3GF:AD;L764GFG@;EEG76E:3D7E

,:7 + CG;FK (>3@ ;E 36?;@;EF7D76 4K F:7 A?B7@E3F;A@ A??;FF77 A8 B7J ;@F75:RE A3D6 A8 ;D75FADE ,:7 A?B7@E3F;A@ A??;FF77 :3E 6;E5D7F;A@3DK 3GF:AD;FK FA 67F7D?;@7 F:7 7>;9;4;>;FK FA B3DF;5;B3F7 ;@ F:7 + CG;FK (>3@ 3@6 7EF34>;E:7EF:7F7D?E3@65A@6;F;A@E A8F:73I3D6E ;@5>G6;@9F:7 @G?47D A83I3D6E 9D3@F76FA735: B3DF;5;B3@F3@63>> AF:7D F7D?E3@65A@6;F;A@E3BB>;534>7FAEG5:3I3D6E;@;@6;H;6G3>9D3@F39D77?7@FE

#### **&3@A?71A32'A<18);7AD/?2@**

,:78A>>AI;@9F34>7EG??3D;L7EF:735F;H;FK8AD\*+-E8ADF:7K73D7@676757?47D 

|                                                     | "B:03?<4&')@ |  | +3756A32/C3?/53<br>5?/;A2/A34/7?C/9B3 |  |
|-----------------------------------------------------|--------------|--|---------------------------------------|--|
| );C3@A32/A313:03?<br>                               | <br>         |  |                                       |  |
| D3@F76                                              | <br>         |  |                                       |  |
| &7F9D3@F76G@;FEA87?B>AK77EFD3@E87DD76AGFA8F:7A?B3@K | <br>         |  |                                       |  |
| .7EF76                                              | <br>         |  |                                       |  |
| AD87;F76                                            | <br>         |  |                                       |  |
| );C3@A32/A313:03?<br>                               | <br>         |  |                                       |  |

\*+-E9D3@F763D7H3>G76A@F:763F7A89D3@F43E76A@F:783;DH3>G7A8F:7B7J;@F75:RE5A??A@EFA5=3@6:3H7@ABGD5:3E7 BD;578ADF:7D75;B;7@F,:783;DH3>G7A8B7J;@F75:RE5A??A@EFA5=I3E67F7D?;@7643E76A@3@;@67B7@67@FH3>G3F;A@A8 F:7B7J;@F75:RE5A??A@EFA5=

\*+-ED7BD7E7@FF:7D;9:FFAD757;H7A@7E:3D7A8F:7A?B3@KRE5A??A@EFA5=GBA@H7EF;@9 \*+-EI7D79D3@F76FAF:7 A?B3@KRE 7?B>AK77E G@67D F:7 + CG;FK (>3@ 8AD F:7 K73D 7@676 757?47D 
 \*+-E :3H7 F;?7 43E76 9D3676 H7EF;@9F7D?EA88AGDK73DEI;F:H7EF;@9EF3DF;@9A@"3@G3DK 
3@6 \*+-E:3H7F;?7 43E769D3676 H7EF;@9 F7D?EA88AGDK73DEI;F:H7EF;@9EF3DF;@9A@+7BF7?47D 

#### **'A<18#=A7<;@**

GD;@9F:7K73D7@676757?47D 
 B7J;@F75:9D3@F76 EFA5=ABF;A@EFA57DF3;@A8F:7A?B3@KRE7?B>AK77E F:3FH7EFAH7D3 K73DB7D;A63@6 
EFA5=ABF;A@EF:3FH7EFAH7D3 ?A@F:B7D;A6'BF;A@E3D77JB7@E76A@3EFD3;9:F >;@7 43E;EAH7DF:7 D7CG;D76E7DH;57B7D;A6 43E76A@F:77EF;?3F7683;DH3>G7A8F:73I3D6A@F:763F7A89D3@F,:7E7ABF;A@E3D7 EG4<75FFA9D3676H7EF;@9 479;@@;@9A@F:7 8;DEF3@@;H7DE3DKA8F:79D3@F63F7 EA>A@93EF:77?B>AK77 D7?3;@E5A@F;@GAGE>K 7?B>AK764KF:7A?B3@K,:7?3J;?G?F7D?A8F:7E7EFA5=ABF;A@E;EF7@K73DE

,:783;DH3>G7A8F:7EFA5=ABF;A@E9D3@F766GD;@9F:7K73D7@676757?47D 
I3E7EF;?3F76A@F:79D3@F63F7GE;@9F:7 >35= +5:A>7EABF;A@ BD;5;@9?A67>I;F:F:78A>>AI;@93EEG?BF;A@E

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

| *;E=<br>8D77;@F7D7EFD3F7              |  |      |  |  |
|---------------------------------------|--|------|--|--|
| ;H;67@6K;7>6                          |  |      |  |  |
| JB75F76EFA5=BD;57HA>3F;>;FK           |  |      |  |  |
| JB75F76>;87A8EFA5=ABF;A@E;@K73DE      |  | <br> |  |  |
| 3;DH3>G7A8EFA5=ABF;A@E9D3@F76B7DE:3D7 |  | <br> |  |  |

,:7 7JB75F76 >;87 A8 ABF;A@E D7BD7E7@FE F:7 I7;9:F76 3H7D397 B7D;A6 A8 F;?7 F:3F F:7 7CG;FK 3I3D6E 3D7 7JB75F76 FA 47 AGFEF3@6;@9,:7D;E= 8D77;@F7D7EFD3F73EEG?BF;A@EI3E43E76A@BD;5;@93@6K;7>6EA@-@;F76+F3F7E,D73EGD;7EI;F:3?3FGD;FK 7CG3>FAF:77JB75F76>;87A8F:7EFA5=ABF;A@E 3@6;8G@3H3;>34>7 F:7D3F7I3E;@F7DBA>3F76GE;@9F:7@73D7EFFIA=@AI@F;?7 B7D;A6,:77JB75F76EFA5=BD;57HA>3F;>;FK3EEG?BF;A@I3E43E76A@3@3@3>KE;EA8F:7A4E7DH76;?B>;76HA>3F;>;FKA83E7FA8 9G;67>;@75A?B3@;7E

,:7 8A>>AI;@9F34>7 BDAH;67E3 EG??3DK A8F:735F;H;FK 8AD EFA5= ABF;A@E3I3D676FAF:7A?B3@KRE7?B>AK77E 8ADF:7 K73D 7@676757?47D 

|                                                     | "B:03?<4<=A7<;@ | +3756A32C3?/53<br>E3?17@3\$?713 |  | +3756A32C3?/53<br>&3:/7;7;5<br><;A?/1AB/9(3?:@<br>-3/?@ |  |
|-----------------------------------------------------|-----------------|---------------------------------|--|---------------------------------------------------------|--|
| #BA@A/;27;5/@<4313:03?<br>                          | <br>            |                                 |  |                                                         |  |
| D3@F76                                              | <br>            |                                 |  |                                                         |  |
| &7F9D3@F76G@;FEA87?B>AK77EFD3@E87DD76AGFA8F:7A?B3@K | <br>            |                                 |  |                                                         |  |
| .7EF76                                              | <br>            |                                 |  |                                                         |  |
| AD87;F76                                            | <br>            |                                 |  |                                                         |  |
| #BA@A/;27;5/@<4313:03?<br>                          | <br>            |                                 |  | <br>                                                    |  |
|                                                     |                 |                                 |  |                                                         |  |
| E3?17@/093/@<4313:03?<br>                           | <br>            |                                 |  | <br>                                                    |  |

## **"#!(,'**

,:7A?B3@K;E;@5>G676;@F:75A@EA>;63F768767D3>;@5A?7F3JD7FGD@8;>764KF:7B7J;@F75:,:7A?B3@K8;>7E;FEAI@ EF3F73@6>A53>F3JD7FGD@E;@H3D;AGE<GD;E6;5F;A@E

EA8757?47D 
 F:7A?B3@K:3E@A-+8767D3>@7FAB7D3F;@9>AEE53DDK8ADI3D6E3@6@A-+EF3F73@6>A53>@7F AB7D3F;@9>AEE 53DDK8ADI3D6E &A H3>G3F;A@ 3>>AI3@57 I3E D75AD676 3E A8 757?47D 
 3EF:7F7?BAD3DK 6;887D7@57E 6;E5>AE7647>AID7>3F7FA6787DD76;@5A?7F3J3EE7FEF:3F3D7?AD7>;=7>KF:3@@AFFA47D73>;L76;@8GFGD7K73DE,:7@7F6787DD76 F3J3EE7FEA8 3D7;@5>G676;@'F:7D3EE7FE;@F:7+F3F7?7@FA8;@3@5;3>A@6;F;A@

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

,:75A?BA@7@FEA8F:7@7F6787DD76F3J3EE7FE3@6>;34;>;F;7E3D73E8A>>AIE

|                             | 313:03?<br>  |
|-----------------------------|--------------|
| 343??32;1<:3(/E@@3A@        |              |
| +FA5=43E765A?B7@E3F;A@      | <br>         |
| +F3F7;@5A?7F3J7E            | <br>         |
| 'B7D3F;@9>73E7>;34;>;F;7E   | <br>         |
| ,3J5D76;F53DDK8ADI3D6       | <br>         |
| !?B3;D?7@F                  | <br>         |
| >>AI3@578AD5D76;F>AEE7E     | <br>         |
| 55DG767JB7@E7E              | <br>         |
| (<A/92343??32A/E/@@3A@      | <br><br>     |
| 343??32;1<:3(/E 7/0797A73@  |              |
| -@D73>;L76>AEE              | <br>         |
| (DAB7DFK7CG;B?7@F           | <br>         |
| 'B7D3F;@9>73E7*'-3EE7FE     | <br>         |
| !@F7D@3>>K67H7>AB76EA8FI3D7 | <br>         |
| (D7B3;67JB7@E7E             | <br>         |
| (<A/92343??32A/E97/0797A73@ | <br><br><br> |
| "3A2343??32A/E/@@3A@        | <br><br>     |

,:7A?B3@KD75A9@;L7E3@6?73EGD7E;FEG@D75A9@;L76F3J47@78;FE3@63EE7EE7EF:7>;=7>;:AA6 43E76A@F:7;DF75:@;53>?7D;F F:3FF3JBAE;F;A@EI;>>47EGEF3;@76GBA@7J3?;@3F;A@43E76A@F:7835FE 5;D5G?EF3@57E 3@6;@8AD?3F;A@3H3;>34>73FF:77@6A8 735:B7D;A6,:7?73EGD7?7@FA8G@D75A9@;L76F3J47@78;FE;E36<GEF76I:7@@7I;@8AD?3F;A@;E3H3;>34>7ADI:7@3@7H7@F A55GDEF:3FD7CG;D7E35:3@97!@
 F:7A?B3@K;@5D73E76F:743>3@57A8F:7G@D75A9@;L76F3J47@78;FED7>3F76FA57DF3;@ BAE;F;A@EA@F:7A?B3@KREEF3F7F3JD7FGD@E

D75A@5;>;3F;A@A8F:7479;@@;@93@67@6;@93?AG@FEA8G@D75A9@;L76F3J47@78;FE;E3E8A>>AIE

|                           | 313:03?<br> |  |
|---------------------------|-------------|--|
| 3>3@573F479;@@;@9A8K73D   |             |  |
| DAEE;@5D73E7E             |             |  |
| ,3JBAE;F;A@E;@5GDD7@FK73D |             |  |
| ,3JBAE;F;A@E;@BD;ADK73D   |             |  |
| 3>3@573F7@6A8K73D         |             |  |

!@5>G676;@F:743>3@57A8G@D75A9@;L76F3J47@78;FE3EA8757?47D 
3D7 A8F3J47@78;FEF:3F ;8D75A9@;L76 IAG>638875FF:778875F;H7F3JD3F7!F;ED73EA@34>KBAEE;4>7F:3FF:7FAF3>3?AG@FA8G@D75A9@;L76F3J47@78;FEI;>>675D73E74K I;F:;@F:7@7JF?A@F:E,:;E7JB75F765:3@97;EBD;?3D;>K3FFD;4GF34>7FAF:73@F;5;B3F765A@5>GE;A@A83@;@5A?7 F3J 3G6;F ;@ &7I 1AD= ;FK 5AH7D;@9 F:7 

 F:DAG9: 
 F3J K73DE ,:7 675D73E7 IAG>6 D7EG>F 8DA? F:7 B3K?7@F A8 366;F;A@3>F3J7E 3@6F:7 D7>73E7 A8 D7E7DH7E GBA@F:7 8AD?3> 5>AE;@9 A8F:7 3G6;F 5K5>7/7 D75A9@;L7;@F7D7EF 3@6 B7@3>F;7E 355DG76D7>3F76FAF:7G@D75A9@;L76F3J47@78;FE3E;@5A?7F3J7JB7@E7

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

ADF:7 K73D7@676757?47D 
 F:7A?B3@K?367;@5A?7F3J B3K?7@FE @7F A8 D78G@6E D757;H76FAB7J;@F75: D7>3F76FAF:78A>>AI;@9<GD;E6;5F;A@E

| 767D3>;@5A?7F3J                             | <br>     |
|---------------------------------------------|----------|
| +F3F73@6>A53>;@5A?7F3J7EB3;6D78G@6ED757;H76 |          |
| &7I1AD=                                     | <br>     |
| &7I1AD=;FK                                  | <br>     |
| 'F:7D                                       | <br>     |
| ;1<:3A/E3@=/72;3A<4?34B;2@?3137C32          | <br><br> |

EA8757?47D 
 97@7D3>>KF:7B3EFF:D77K73DED7?3;@EG4<75FFA7J3?;@3F;A@4KH3D;AGEF3J<GD;E6;5F;A@EG@67DF:7 EF3FGF7A8>;?;F3F;A@E!@&7I1AD=3@6&7I1AD=;FK F:7EF3FGF7A8>;?;F3F;A@E:3E477@7JF7@6768ADF3JK73DE

3@6 6G7FA3@3?7@676F3JD7FGD@8;>;@93@63@A@9A;@9;@5A?7F3J3G6;F,:7AGF5A?7A8F:77J3?;@3F;A@;E@AFK7F67F7D?;@34>7 :AI7H7D F:7A?B3@K3@F;5;B3F7EF:3F3@K36<GEF?7@FEI;>>@AFD7EG>F;@3?3F7D;3>5:3@97

## **!\$ #-"(\$ "**

B7J ;@F75: +7DH;57 \$\$ OB7J ;@F75: +7DH;57P 3 I:A>>K AI@76 EG4E;6;3DK A8 B7J ;@F75: BDAH;67E 3 678;@76 5A@FD;4GF;A@
=7?B>AK7747@78;FB>3@F:7O(>3@PF:3F5AH7DEEG4EF3@F;3>>K3>>7?B>AK77E-@67DF:7(>3@ F:7A?B3@K ?3K?3=736;E5D7F;A@3DK?3F5:5A@FD;4GF;A@>>7?B>AK77E3D77>;9;4>7FAB3DF;5;B3F7;@F:7(>3@ 43E76A@?77F;@957DF3;@397 3@6F7D?A87?B>AK?7@FD7CG;D7?7@FE

## **& (\$&('(&"'(#"'**

,:7A?B3@KD79G>3D>K7@F7DE;@FA57DF3;@7JB7@E7E:3D;@939D77?7@FEI;F:I:A>>K AI@76EG4E;6;3D;7EA8B7J;@F75: 3@6 E:3D7E EGBBADF 8G@5F;A@E 3@6 36?;@;EFD3F;H7 E7DH;57E I;F: B7J ;@F75: 3@6 57DF3;@ A8 ;FE 388;>;3F7E I:7D74K F:7E7 7@F;F;7E 5:3D97F:7A?B3@K 8AD 3?A@9AF:7DF:;@9E B3EEF:DAG9:5AEFE8ADF:;D6B3DFKH7@6ADEF:3F3D7E:3D763?A@9EFF:77@F;F;7E D7@F3@6D7>3F76AB7D3F;@97JB7@E7E3@6F3J7E 5AEFED7>3F76FAF75:@A>A9K3@65AEFED7>3F76FA7?B>AK77E7DH;57E

B7J;@F75: F:7A?B3@K3@6735:A8B7J;@F75:REEG4E;6;3D;7EFA97F:7DF:7O+DAGBP?3;@F3;@3EGBBADFE7DH;57E 39D77?7@FO++P63F7674DG3DK 
 3E3?7@676A@"3@G3DK 
 I;F:(#DAGB\$\$(O(#DAGBP 3 ?;@AD;FKE:3D7:A>67DA8B7J;@F75:3@63@388;>;3F7A8(# A>6;@9E 3@6(#+7DH;57E\$\$O(#+7DH;57EP 3@ 388;>;3F7 A8 (# A>6;@9E I:7D74K G@67D F:7 F7D?E A8 F:7 ++ (# DAGB 3@6 (# +7DH;57E BDAH;67 H3D;AGE EGBBADF3@6AF:7DE7DH;57EFAF:7+DAGB3@63D77@F;F>76FA877E3@6AF:7DB3KAGFEBGDEG3@FFAF:7F7D?EA8F:7++

'@'5FA47D 
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

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

,:78A>>AI;@9F34>7EG??3D;L7EF:7B3K34>7E6G7FAB7J;@F75:3@6I:A>>K AI@76EG4E;6;3D;7EA8B7J;@F75:D75AD6763E (3K34>7FA388;>;3F7E;@F:7+F3F7?7@FA8;@3@5;3>A@6;F;A@

|                               | 313:03?<br>  |
|-------------------------------|--------------|
| B7J;@F75:                     | <br>         |
| B7J;@F75:+A>GF;A@E-#\$;?;F76  | <br>         |
| B7J;@F75:+7DH;57E\$\$         | <br>         |
| B7J;@F75:(:;>;BB;@7E!@5       | <br>         |
| B7J;@F75:DA=7D397+7DH;57E\$\$ | <br>         |
| (<A/9=/F/093@2B3A</44797/A3@  | <br><br><br> |

#### **&3137C/093@2B34?<:/44797/A3@**

,:7A?B3@K3>EABDAH;67EH3D;AGEEGBBADF3@6AF:7DE7DH;57EFAI:A>>K AI@76EG4E;6;3D;7EA8B7J;@F75:3@6;E7@F;F>76FA 877E3@6AF:7DB3KAGFEBGDEG3@FFAE:3D76E7DH;5739D77?7@FEO++P ADD7;?4GDE7?7@FE8ADA@9A;@9EGBBADF5AEFE3@6H7@6AD AGF A8 BA5=7F7JB7@E7EB3;6A@47:3>8A8B7J;@F75:AD3@KA8;FE388;>;3F767@F;F;7E

,:78A>>AI;@9F34>7EG??3D;L7EF:7D757;H34>7E6G78DA?B7J;@F75:ADI:A>>K AI@76EG4E;6;3D;7EA8B7J;@F75:D75AD676 ;@F:7+F3F7?7@FA8;@3@5;3>A@6;F;A@3E\*757;H34>7E8DA?388;>;3F7E

|                                   | 313:03?<br> |
|-----------------------------------|-------------|
| B7J;@F75:,75:@A>A9;7E\$\$         | <br>        |
| B7J+;>H7D\$\$                     | <br>        |
| ;@,DA@	!@5                        | <br>        |
| 6H;EADD5:	!@5                     | <br>        |
| (<A/9?3137C/093@2B34?<:/44797/A3@ | <br><br>    |

## **\$/=7A/9!/;/53:3;A**

,:7A?B3@K3@6(#3B;F3>%3@397?7@F\$\$ O3B%3@P?3;@F3;@35>73D;@939D77?7@F 8AD5>73D;@93@67J75GF;A@ E7DH;57E BDAH;676 4K F:7 A?B3@K 3B%3@ E:3D7E 5A??A@ AI@7DE I;F: (# A>6;@9E '@ "3@G3DK 
 F:7 A?B3@K 7@F7D76;@FA 3<A;@F 435= A88;57 O"'P 3DD3@97?7@F I;F:3B%3@ -@67DF7D?E A8F:7 "' 3B%3@ BGD5:3E76 BD787DD76 EFA5= 8DA? F:7 A?B3@K 8AD 

 E A8 757?47D 
 F:7 A?B3@K :36 3 D757;H34>7 A8 8DA? 3B%3@F:3F;ED75AD676;@\*757;H34>7E8DA?4DA=7DE673>7DE 5>;7@FE3@65>73D;@9AD93@;L3F;A@E;@F:7+F3F7?7@FA8;@3@5;3> A@6;F;A@EA8757?47D 
 3B%3@ :363@7F5D76;F43>3@57;@F:7;D(355AG@FE3FF:7A?B3@KA8 F:3F3D7;@5>G676;@(3K34>7EFA5GEFA?7DE;@F:7+F3F7?7@FA8;@3@5;3>A@6;F;A@

#### *-*

!@5>G676;@B3K34>7EFA5GEFA?7DE;@F:7+F3F7?7@FA8;@3@5;3>A@6;F;A@3EA8757?47D 
I7D7355AG@FEB3K34>7FA 6;D75FADE A88;57DE 3@6 F:7;D 388;>;3F7E A8 ,:7D7 I7D7 @A 355AG@FE D757;H34>7 8DA? 6;D75FADE A88;57DE 3@6 F:7;D 388;>;3F7E,:7A?B3@K?3K7JF7@65D76;FFAF:7E7D7>3F76B3DF;7E;@5A@@75F;A@I;F:?3D9;@3@6E75GD;F;7E>A3@E+G5:>A3@E 3D7 ; ?367 ;@ F:7 AD6;@3DK 5AGDE7 A8 4GE;@7EE ;; 3D7 ?367 A@ EG4EF3@F;3>>K F:7 E3?7 F7D?E ;@5>G6;@9 ;@F7D7EF D3F7E 3@6 5A>>3F7D3> 3EF:AE7BD7H3;>;@93FF:7F;?78AD5A?B3D34>7>A3@EI;F:B7DEA@E@AFD7>3F76FAF:7A?B3@K 3@6;;;6A@AF;@HA>H7 ?AD7F:3@F:7@AD?3>D;E=A85A>>75F34;>;FKADBD7E7@FAF:7DG@83HAD34>7873FGD7E

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

,:7 A?B3@K AB7D3F7E 3 E;@9>7 >;@7 A8 4GE;@7EE 3E 3 5>73D;@9 4DA=7D 673>7D I:;5: 5A?BD;E7E E7H7D3> 5>3EE7E A8 E7DH;57E ;@5>G6;@95>73D;@93@67J75GF;@9 A8FD367E 53DDK;@9355AG@FE3@65GEFA6K53E:3@6 E75GD;F;7E 8AD5GEFA?7DE A@7;F:7D3 8G>>K

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

6;E5>AE76 AD A?@;4GE 43E;E 3@6 3>EA BDAH;6;@9 BD;?7 4DA=7D397 ?3D9;@ >7@6;@9 E75GD;F;7E >7@6;@9 3@6 AF:7D 435= A88;57 E7DH;57E

,:7A?B3@K:3E;67@F;8;76F:7 736A8;@3@573EF:75:;78AB7D3F;@9675;E;A@?3=7D O'%P I:AGE7E@7F;@5A?7FA 7H3>G3F7 F:7 D7EG>FE A8 F:7 4GE;@7EE BD76A?;@3@F>K ;@ F:7 8AD753EF;@9 BDA57EE FA ?3@397 F:7 A?B3@K 66;F;A@3>>K F:7 '%GE7E7J57EE@7F53B;F3>3E6;E5>AE76;@&AF7 *!#0'/\*-4!,0%-!(!)/.* I:;5:;E@AF3?73EGD7A8BDA8;F3@6>AEE FA ?3=7AB7D3F;A@3>675;E;A@EI:;>7?3;@F3;@;@953B;F3>367CG35K

,:7 A?B3@K :3E 67F7D?;@76 F:3F ;F :3E A@7 D7BADF34>7 E79?7@F ;@ 355AD63@57 I;F: + 
 *!#(!)/ !+\*-/%)#* ,:7 355AG@F;@9BA>;5;7EGE76FA?73EGD7F:7BDA8;F3@6>AEEA8F:7E79?7@F3D7F:7E3?73EF:AE767E5D;476;@&AF7 *0((-4\*" %#)%"%)/\*0)/%)#\*'%%!.*EF:7A?B3@KREAB7D3F;A@E5A?BD;E7A83E;@9>7D7BADF;@9E79?7@F F:7E79?7@F3EE7FE3D7 D78>75F76A@F:7+F3F7?7@FA8;@3@5;3>A@6;F;A@E3EOFAF3>3EE7FEP

#### **'""('&\*\$&#\*&'**

'@ "3@G3DK 
 7@F7D76 ;@FA 3 %3EF7D +7DH;57E 9D77?7@F O%+P I;F: DA36D;697 ;@3@5;3> +A>GF;A@E !@5 ODA36D;697P,:7E7DH;57EFA47BDAH;6764KDA36D;697AD;FE388;>;3F7E I;>>47BDAH;676G@67DID;FF7@E5:76G>7EO+7DH;57 +5:76G>7P I:;5: I;>> 47 9AH7D@76 4K F:7 F7D?E 3@6 5A@6;F;A@E A8 F:7 %+ ,:7 %+ I;>> 5A@F;@G7 G@F;> 3>> +7DH;57 +5:76G>7EFAF:7%+:3H77JB;D76AD:3H7477@F7D?;@3F76,:7F7D?A8735:+7DH;57+5:76G>7E:3>>479;@A@F:778875F;H7 63F7A8EG5:+7DH;57+5:76G>73@65A@F;@G78ADF:7B7D;A6678;@76F:7D7;@:3E7@F7D76;@FAH3D;AGE+7DH;57+5:76G>7EI;F: DA36D;697 G@67D I:;5: E7DH;57E 3D7 BDAH;676 FA I;F: 7JB;D3F;A@ 63F7E F:3F D3@97 8DA? +7BF7?47D 
 FA 757?47D 

#### **&) (#&-&%)&!"('**

,:7A?B3@K;E34DA=7D 673>7DEG4<75FFAF:7+-@;8AD?&7F3B;F3>\*G>7O\*G>75 PG@67DF:7+75GD;F;7EJ5:3@97 5FA83@6AB7D3F7E3E3@8GFGD7E5A??;EE;A@?7D5:3@FEG4<75FFAF:7,%;@;?G?3B;F3>\*7CG;D7?7@FO\*79G>3F;A@ P-@67DF:7?AD7D7EFD;5F;H7A8F:7E7DG>7E F:7A?B3@K;ED7CG;D76FA?3;@F3;@O@7F53B;F3>P7CG;H3>7@FFAF:79D73F7DA8 

 A8 399D793F7 674;F;F7?E 3D;E;@9 8DA? 5GEFA?7DFD3@E35F;A@E ADF:7 9D73F7D A8F:7 EG? A8 A8F:7 8GFGD7E 5GEFA?7D D;E=?3;@F7@3@57?3D9;@ D7CG;D7?7@FB>GEA8F:7 8GFGD7E@A@ 5GEFA?7D D;E=?3;@F7@3@57?3D9;@ D7CG;D7?7@FAD 

3EF:7E7F7D?E3D7678;@766<GEF76&7F3B;F3> 399D793F7674;F;F7?E 3@6D;E=?3;@F7@3@57?3D9;@D7CG;D7?7@FE 5:3@9763;>K

,:7F34>747>AIEG??3D;L7E@7F53B;F3> ?;@;?G?@7F53B;F3> 3@67J57EE@7F53B;F3>

|                  | 313:03?<br> |
|------------------|-------------|
| &7F3B;F3>        | <br>        |
| %;@;?G?&7F3B;F3> | <br>        |
| J57EE&7F3B;F3>   | <br>        |

E3@% F:7A?B3@K?GEF?3;@F3;@3D;E=43E76@7F53B;F3>D7CG;D7?7@F@AF>7EEF:3@
A8,?;@;?G?@7F53B;F3> D7CG;D7?7@FB7D,\*G>7,:7A?B3@KRE?;@;?G?@7F53B;F3>D7CG;D7?7@F;E 3EA8757?47D 

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

!@F:7@AD?3>5AGDE7A84GE;@7EE F:7A?B3@KBGD5:3E7E3@6E7>>EE75GD;F;7E3@6B>7697EADD757;H7E5A>>3F7D3>3E4AF:BD;@5;B3> 3@6397@F!83B3DFKFA3FD3@E35F;A@83;>EFA8G>8;>>;FE5A@FD35FG3>A4>;93F;A@ F:7A?B3@K?3K;@5GD3>AEE;8F:7?3D=7FH3>G7 A8F:7E75GD;FK;E6;887D7@F8DA?F:75A@FD35F3?AG@FA8F:7FD3@E35F;A@/:7@F:7A?B3@K35FE3EBD;@5;B3> ;FFD367EH3D;AGE 8;@3@5;3> ;@EFDG?7@FE 3@6 7@F7DE ;@FA H3D;AGE ;@H7EF?7@F 35F;H;F;7E ;@5>G6;@9 FD73EGDK E75GD;F;7E 35: A8 F:7E7 8;@3@5;3> ;@EFDG?7@FE5A@F3;@H3DK;@9679D77EA8A88 43>3@57E:77FD;E=I:7D74K5:3@97E;@F:7?3D=7FH3>G7EA8F:7E75GD;F;7EADAF:7D G@67D>K;@98;@3@5;3>;@EFDG?7@FE?3K47;@7J57EEA8F:73?AG@FED75A9@;L76;@F:7+F3F7?7@FA8;@3@5;3>A@6;F;A@

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

#### **<99/A3?/97;/;13**

,:7A?B3@K ?3K 47 D7CG;D76FA B>7697 7>;9;4>7 5A>>3F7D3> I;F:;FE 43@=;@9 AD E75GD;F;7E>7@6;@9 5AG@F7DB3DF;7E AD 57@FD3> 5>73D;@9AD93@;L3F;A@E!@F:77H7@F35AG@F7DB3DFK;EG@34>7FA?77F;FE5A@FD35FG3>A4>;93F;A@FAD7FGD@B>769765A>>3F7D3> F:7 A?B3@K?3K477JBAE76FAF:7D;E=A835CG;D;@9F:7G@67D>K;@9E75GD;F;7E3FBD7H3;>;@9?3D=7FH3>G7E>>E75GD;F;7E>7@6;@9 5AG@F7DB3DFK 39D77?7@FE 3D7 E75GD76 4K E75GD;F;7E AD 53E: 3F AD ;@ 7J57EE A8 3?AG@FE >A3@76 ,:7 A?B3@K 3@6 ;FE 5AG@F7DB3DF;7E 5A@FDA> F:;E D;E= 4K ?A@;FAD;@9 F:7 ?3D=7F H3>G7 A8 E75GD;F;7E B>76976 A@ 3 63;>K 43E;E 3@6 4K D7CG;D;@9 36<GEF?7@FEA85A>>3F7D3>>7H7>E;@F:77H7@FA87J57EE?3D=7F7JBAEGD7 !F;EF:7A?B3@KREBA>;5KFAB7D;A6;53>>K D7H;7IF:7 5D76;FEF3@6;@9A85AG@F7DB3DF;7EI;F:I:;5:;F5A@6G5FE4GE;@7EE

#### **B@A<:3?!/?57;**

!@F:7 7H7@F 3 5GEFA?7D AD 4DA=7D 83;>EFA E3F;E8K;FE A4>;93F;A@E F:7A?B3@K?3K 47 D7CG;D76FA BGD5:3E7 AD E7>> 8;@3@5;3> ;@EFDG?7@FE3FBD7H3;>;@9?3D=7FBD;57EFA8G>8;>>F:75GEFA?7DREAD4DA=7DREA4>;93F;A@E,:7A?B3@KE77=EFA5A@FDA>F:7D;E=E 3EEA5;3F76I;F:;FE5GEFA?7D3@64DA=7D35F;H;F;7E4KD7CG;D;@9F:7?3;@F7@3@57A8?3D9;@5A>>3F7D3>;@5A?B>;3@57I;F:H3D;AGE D79G>3FADK 3@6 ;@F7D@3> 9G;67>;@7E ,:7 A?B3@K ?A@;FADE D7CG;D76 ?3D9;@ >7H7>E 3@6 :3E 7EF34>;E:76 9G;67>;@7E FA D7CG;D7 5GEFA?7DE 3@6 4DA=7DEFA 67BAE;F 366;F;A@3> 5A>>3F7D3> ADFA D76G57 BAE;F;A@E I:7@ @757EE3DK%3@397?7@F 47>;7H7EF:3FF:7 ?3D9;@67BAE;FE3@65A>>3F7D3>:7>63EA8757?47D 
I7D7367CG3F7FA?;F;93F7F:7D;E=A8?3F7D;3>>AEEF:3F5AG>647 5D73F764KBAE;F;A@E:7>63FF:3FF;?7

,:7A?B3@KREBA>;5K;EFA5A@F;@G3>>K?A@;FAD;FE?3D=7F7JBAEGD73@65AG@F7DB3DFKD;E=3@6FAB7D;A6;53>>KD7H;7IF:75D76;F EF3@6;@9 A8 3>> B3DF;7E I;F: I:;5: ;F 5A@6G5FE 4GE;@7EE ;@5>G6;@9 5>;7@FE 6;D75F 5GEFA?7DE 3@6 5GEFA?7DE AD 5GEFA?7DE ;@FDA6G576A@38G>>K6;E5>AE7643E;E4K;@FDA6G5;@94DA=7D673>7DE F:7A?B3@KFKB;53>>K:3E35A@FD35FG3>D;9:FA8D75AH7DK 8DA? EG5: ;@FDA6G5;@9 4DA=7D673>7DE ;@ F:7 7H7@F A8 @A@B7D8AD?3@57 4K F:7 5GEFA?7D ,:7 A?B3@K 53@ A88E7F 3EEA5;3F76 5>;7@F43>3@57EI;F:F:7;D3BB>;534>75>;7@F43>3@57E;8D7CG;D76AD3BB>;534>7!@97@7D3> F:7A?B3@KD7CG;D7E3D;E=67BAE;F 8DA?;@FDA6G5;@94DA=7D 673>7DE !@F:77H7@FF:75GEFA?7DAD;@FDA6G5;@94DA=7D 673>7D6A7E@AFB7D8AD? 3@6F:73EEA5;3F76 D;E=67BAE;F;E;@EG88;5;7@FFA5AH7DF:77JBAEGD7 F:7A?B3@K;E3FD;E=A8>AEE66;F;A@3>>K ;8F:7A?B3@K A@47:3>8A8;FE 5>;7@FE 3@6 5GEFA?7DE :3E EA>6 E75GD;F;7EF:3F;F 6A7E @AF 5GDD7@F>K AI@ ;FI;>> 47 A4>;93F76FA BGD5:3E7 EG5: E75GD;F;7E 3F 3 8GFGD763F7,:7A?B3@K?3K;@5GD3>AEE;8;FE5GEFA?7DE6A@AFB7D8AD?3@6F:7 83;DH3>G7A8F:7EA>6E75GD;F;7E;@5D73E7E EG4E7CG7@FFA757?47D 

,:7A?B3@KRE5GEFA?7D5>73D3@573@6 E7FF>7?7@F35F;H;F;7E;@5>G67F:73557BF3@573@65>73D3@57 A87CG;F;7E 8;J76;@5A?7 8GFGD7E 3@6 ABF;A@ 5A@FD35FE 8AD ;FE 5GEFA?7DE I:;5: 3D7 BD;?3D;>K ;@EF;FGF;A@3> 5A??7D5;3> 7J5:3@97 ?7?47DE 3@6 D7F3;> 5GEFA?7DE;@FDA6G5764KD79;EF7D76;@FDA6G5;@94DA=7D 673>7DE 3@66;D75F5GEFA?7DE,:7A?B3@K9G3D3@F77EFAF:7D7EB75F;H7 5>73D;@9 :AGE7E AD AF:7D 4DA=7D 673>7DE ;FE 5GEFA?7DER B7D8AD?3@57 G@67D F:7E7 5A@FD35FE !@ 355AD63@57 I;F: D79G>3FADK D7CG;D7?7@FE 3@6 ?3D=7F BD35F;57 F:7 A?B3@K D7CG;D7E ;FE 5GEFA?7DE FA ?77F 3F 3 ?;@;?G? F:7 ?3D9;@ D7CG;D7?7@FE 7EF34>;E:764KD79G>3FADK4A6;7E,:7E735F;H;F;7E?3K7JBAE7F:7A?B3@KFAA8843>3@57E:77FD;E=;@F:77H7@FF:75GEFA?7D ;EG@34>7FA8G>8;>>;FE5A@FD35FG3>A4>;93F;A@

E A8 757?47D 
 F:7 A?B3@K 6;6 @AF :3H7 E;9@;8;53@F 5A@57@FD3F;A@E A8 5D76;F D;E= I;F: 3@K 5>;7@F 5GEFA?7D AD 5AG@F7DB3DFKADI;F:3@K9DAGBA85>;7@FE 5GEFA?7DEAD5AG@F7DB3DF;7E

#### **')'%)"(\*"('**

,:7A?B3@K7H3>G3F7EEG4E7CG7@F7H7@FEF:DAG9:F:763F7A@I:;5:F:7+F3F7?7@FA8;@3@5;3>A@6;F;A@I3E;EEG76'F:7D F:3@F:7 47>AI;F7?E F:7D7 :3H7 477@ @A ?3F7D;3> EG4E7CG7@F 7H7@FEF:3F A55GDD76 6GD;@9F:;E B7D;A6F:3F 5AG>6 D7CG;D7 3@ 36<GEF?7@FFAF:7E78;@3@5;3>EF3F7?7@FE

'@ "3@G3DK 
 F:7 A?B3@K 7@F7D76 ;@FA F:7 I3;H7D 3@6 E;JF: 3?7@6?7@F 3@6 ?A6;8;53F;A@ FA D7HA>H;@9 5D76;F 39D77?7@F O35;>;FK ?7@676 9D77?7@FP I;F: 3 8;@3@5;3>;@EF;FGF;A@ 7JF7@6;@9F:7 ?3FGD;FK 63F7FA "3@G3DK -@67DF:7F7D?E3@65A@6;F;A@EA8F:735;>;FK?7@6769D77?7@F F:7A?B3@KA4F3;@763>;?;F76I3;H7D8AD3H;A>3F;A@ 6G7FA35:3@97;@5A@FDA>3FB7J;@F75:3@6F:739D77?7@FI3E?A6;8;76FAGB63F7F:7678;@;F;A@A835:3@97;@5A@FDA>A8F:7 AI@7DE:;BA8F:7A?B3@K3@6B7J;@F75:

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

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

#### **\$, &"#&\$#&(#" '1632B93 <:=BA/A7<;<4"3A/=7A/9\$B?@B/;AA<&B931
);23?A63'31B?7A73@E16/;531A<4
/;2&35B9/A7<; );23?A63<::<27A73@E16/;531A**

|                                                                                                                                  | 313:03?<br>  |
|----------------------------------------------------------------------------------------------------------------------------------|--------------|
| "3A/=7A/9                                                                                                                        |              |
| ,AF3>EFA5=:A>67DRE7CG;FK                                                                                                         | <br>         |
| +G4AD6;@3F764ADDAI;@9E3>>AI34>7;@5A?BGF3F;A@A8@7F53B;F3>                                                                         | <br>N        |
| (<A/91/=7A/9/;2/99<D/093@B0<?27;/A320<??<D7;5@                                                                                   | <br><br>     |
| 32B1A7<;@/;2	<?16/?53@                                                                                                           |              |
| "<;/99<D/093/@@3A@                                                                                                               |              |
| *757;H34>7E8DA?4DA=7D<br>673>7DE                                                                                                 | <br>         |
| ,5A??A@EFA5=                                                                                                                     | <br>         |
| ;J763EE7FE                                                                                                                       | <br>         |
| *757;H34>7E8DA?5GEFA?7DE                                                                                                         | <br>         |
| 'F:7D                                                                                                                            | <br>         |
| (<A/9;<;/99<D/093/@@3A@                                                                                                          | <br><br>     |
| 66;F;A@3>5:3D97E8AD5GEFA?7DER3@6@A@<br>5GEFA?7DERE75GD;FK355AG@FE                                                                | <br>         |
| 66;F;A@3>5:3D97E8AD5GEFA?7DER3@6@A@<br>5GEFA?7DER5A??A6;FK355AG@FE                                                               | <br>         |
| 97683;>E<br>FA<br>67>;H7D                                                                                                        | <br>         |
| 'F:7D676G5F;A@E                                                                                                                  | <br>         |
| (<A/9232B1A7<;@/;2	<?16/?53@                                                                                                     | <br><br><br> |
|                                                                                                                                  |              |
| "3A1/=7A/9034<?36/7?1BA@<;@31B?7A73@=<@7A7<;@                                                                                    | <br>         |
| 3;D5GFA@E75GD;F;7E                                                                                                               | <br>         |
| "3A/=7A/9                                                                                                                        | <br><br>     |
|                                                                                                                                  |              |
| &7F53B;F3>D7CG;D7?7@F<br>D73F7DA8A8399D793F76674;F;F7?E3EE:AI@;@A?BGF3F;A@8AD<br>7F7D?;@3F;A@A8*7E7DH7*7CG;D7?7@FEA@+5:76G>7!!AD | <br>         |
| E13@@"3A/=7A/9                                                                                                                   | <br>         |
|                                                                                                                                  |              |
| (7D57@F397A8@7F53B;F3>FA399D793F76674;F;F7?E                                                                                     |              |
|                                                                                                                                  |              |
| &7F53B;F3>;@7J57EEA8A85A?4;@76399D793F76674;FE                                                                                   | <br>         |

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

## **\$, &"#&\$#&(#"**

**'1632B93**

**<:=BA/A7<;<4"3A/=7A/9\$B?@B/;AA<&B931
);23?A63'31B?7A73@E16/;531A<4
/;2&35B9/A7<; );23?A63<::<27A73@E16/;531A**

|                                                                                     | 313:03?<br>  |
|-------------------------------------------------------------------------------------|--------------|
| <:=BA/A7<;<49A3?;/A7C3"3A/=7A/9&3>B7?3:3;A(                                         |              |
|                                                                                     |              |
| ?AG@FA85GEFA?7DD;E=?3;@F7@3@57?3D9;@D7CG;D7?7@F                                     | <br>         |
| A85GEFA?7DD;E=?3;@F7@3@57?3D9;@D7CG;D7?7@F                                          | <br>         |
| (<A/99A3?;/A7C3"3A/=7A/9&3>B7?3:3;A                                                 | <br><br>     |
|                                                                                     |              |
| D73F7DA8                                                                            |              |
| A8F:7@A@<br>5GEFA?7DD;E=?3;@F7@3@57?3D9;@D7CG;D7?7@FG@67DF:7A??A6;FKJ5:3@975F<br>AD | <br>         |
| A8399D793F7674;F;F7?E3EE:AI;@AD?G>38AD*7E7DH7*7CG;D7?7@FEBGDEG3@FFA*G>75<br>        | <br>         |
| "3A/=7A/9&3>B7?3:3;A                                                                | <br>         |
|                                                                                     |              |
| E13@@"3A/=7A/9                                                                      | <br><br><br> |
|                                                                                     |              |
| "3A/=7A/97;E13@@<4<br><4A63?7@80/@321/=7A/9?3>B7?3:3;AB;23?A63<::<27AF<br>E16/;531A | <br><br>     |

&AF7,:7D73D7@A?3F7D;3>6;887D7@57E47FI77@F:734AH75A?BGF3F;A@8ADF:767F7D?;@3F;A@A8&7F53B;F3>BGDEG3@FFA\*G>7 5 G@67DF:7+75GD;F;7EJ5:3@975FA83@6\*79G>3F;A@G@67DF:7A??A6;F;7EJ5:3@975F3@6F:7 5ADD7EBA@6;@9G@3G6;F765A?BGF3F;A@;@5>G676;@F:73?7@676B7J>73D;@9ADBAD3F;A@RE(3DF!!A8AD?0 8;>76A@"3@G3DK 

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

## **\$, &"#&\$#&(#"**

**'1632B93**

#### **<?:B9/4<?3A3?:7;/A7<;<4B@A<:3?11<B;A&3@3?C3&3>B7?3:3;A@<4?<83?@/;23/93?@\$B?@B/;AA<&B93 1

);23?A63'31B?7A73@E16/;531A<4**

|                                                                                                                                 | 313:03?<br>  |
|---------------------------------------------------------------------------------------------------------------------------------|--------------|
| ?327A/9/;13@                                                                                                                    |              |
| D775D76;F43>3@57E3@6AF:7D5D76;F43>3@57E;@5GEFA?7DERE75GD;FK355AG@FE                                                             | <br>         |
| %A@;7EB3K34>7393;@EF5GEFA?7DERE75GD;F;7E>A3@76                                                                                  | <br>         |
| GEFA?7DERE75GD;F;7E83;>76FAD757;H7                                                                                              | <br>         |
| D76;F43>3@57E;@8;D?355AG@FEI:;5:3D73FFD;4GF34>7FABD;@5;B3>E3>7EFA5GEFA?7DE                                                      | <br>         |
| %3D=7FH3>G7A8E:ADFE75GD;FK5AG@F6;887D7@57EAH7D 53>7@63D63KEA>6                                                                  | <br>         |
| %3D=7FH3>G7A8E:ADFE75GD;F;7E3@65D76;FE;@3>>EGEB7@E7355AG@FEAH7D 4GE;@7EE63KE                                                    | <br>         |
| %3D=7FH3>G7A8E75GD;F;7EB>76976FAF:7'BF;A@E>73D;@9ADBAD3F;A@8AD3>>ABF;A@5A@FD35FE<br>ID;FF7@ADBGD5:3E76;@5GEFA?7D355AG@FE        | <br>         |
| (<A/9?327AA3:@                                                                                                                  | <br><br><br> |
|                                                                                                                                 |              |
| 307A/9/;13@                                                                                                                     |              |
| 74;F43>3@57E;@5GEFA?7DER53E:3@6?3D9;@355AG@FE7J5>G6;@9G@E75GD76355AG@FE3@6355AG@FE<br>6AG4F8G>A85A>>75F;A@                      | <br>         |
| +75GD;F;7E4ADDAI76FA78875FG3F7E:ADFE3>7E4K5GEFA?7DE3@6E75GD;F;7E4ADDAI76FA?3=767>;H7DK<br>A@5GEFA?7DERE75GD;F;7E83;>76FA67>;H7D | <br>         |
| 3;>76FA67>;H7DA85GEFA?7DEE75GD;F;7E@AFA>67DF:3@ 53>7@63D63KE                                                                    | <br>         |
| %3D9;@D7CG;D763@6A@67BAE;FI;F:'8AD3>>ABF;A@5A@FD35FEID;FF7@ADBGD5:3E76;@5GEFA?7D<br>355AG@FE                                    | <br>         |
| 99D793F774;F!F7?E                                                                                                               | <br>         |
| \$7EE5:3D97                                                                                                                     | <br>         |
| (<A/9307AA3:@                                                                                                                   | <br><br><br> |
| E13@@<4A<A/91?327A@<C3?A<A/92307A@                                                                                              | <br><br>     |
|                                                                                                                                 |              |
| ?AG@F:7>6A@67BAE;F;@<br>*7E7DH73@=55AG@F<br>;@5>G6;@9H3>G7A8CG3>;8;76E75GD;F;7EM<br>757?47D                                     | <br>         |
| ?AG@FA867BAE;FI;F:6D3I3><br>                                                                                                    | <br>         |
| 99<D/093/:<B;A7;&3@3?C3/;811<B;A/4A3?23=<@7A                                                                                    | <br><br><br> |

&AF7 ,:7D7 3D7 @A ?3F7D;3> 6;887D7@57E 47FI77@ F:7 34AH7 5A?BGF3F;A@ 8AD F:7 67F7D?;@3F;A@ A8 GEFA?7D \*7E7DH7 D7CG;D7?7@FE BD7B3D76 4K F:7 A?B3@K 3E A8 757?47D 
 3@6 F:7 A?B3@KRE 5ADD7EBA@6;@9 3?7@676 G@3G6;F76B3DF!!A8AD?0 8;>76I;F:!&\*A@"3@G3DK 

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

#### **\$, &"#&\$#&(#" '1632B93 <?:B9/4<?3A3?:7;/A7<;<4\$11<B;A&3@3?C3&3>B7?3:3;A@<4?<83?@/;23/93?@\$B?@B/;AA<&B931 );23?A63'31B?7A73@E16/;531A<4**

|                                                                                                                | 313:03?<br> |
|----------------------------------------------------------------------------------------------------------------|-------------|
| ?327A/9/;13@                                                                                                   |             |
| D775D76;F43>3@57E3@6AF:7D5D76;F43>3@57E;@(E75GD;FK355AG@FE                                                     | <br>        |
| %A@;7EB3K34>7393;@EF(E75GD;F;7E>A3@76                                                                          | <br>        |
| (E75GD;F;7E83;>76FAD757;H7                                                                                     | <br>        |
| +:ADF+3>7EFA(                                                                                                  | <br>        |
| 'F:7D                                                                                                          | <br>        |
| (<A/9\$?327A@                                                                                                  | <br>        |
|                                                                                                                |             |
| 307A/9/;13@                                                                                                    |             |
| 74;F43>3@57E;@(53E:3@6?3D9;@355AG@FE7J5>G6;@9G@E75GD76355AG@FE3@6355AG@FE<br>6AG4F8G>A85A>>75F;A@              | <br>        |
| +75GD;F;7E4ADDAI76FA78875FG3F7E:ADFE3>7E4K(3@6E75GD;F;7E4ADDAI76FA?3=767>;H7DKA@<br>(E75GD;F;7E83;>76FA67>;H7D | <br>        |
| 3;>76FA67>;H7DA8(E75GD;F;7E@AFA>67DF:3@ 53>7@63D63KE                                                           | <br>        |
| %3D9;@D7CG;D763@6A@67BAE;FI;F:'BF;A@E>73D;@9ADBAD3F;A@8AD3>>ABF;A@5A@FD35FEID;FF7@AD<br>BGD5:3E76;@(355AG@FE   | <br>        |
| (<A/9\$307A@                                                                                                   | <br>        |
| E13@@<4A<A/9\$1?327A@<C3?A<A/9\$2307A@                                                                         | <br>        |
|                                                                                                                |             |
| ?AG@F:7>6A@67BAE;F;@(D7E7DH743@=355AG@FM757?47D                                                                | <br>        |
| ?AG@FA867BAE;F<br>                                                                                             | <br>N       |

**"3D/:<B;A7;\$?3@3?C30/;8/11<B;A/4A3?23=<@7A** 

&AF7,:7D73D7@A?3F7D;3>6;887D7@57E47FI77@F:734AH75A?BGF3F;A@8ADF:767F7D?;@3F;A@A8(\*7E7DH7D7CG;D7?7@FE BD7B3D764KF:7A?B3@K3EA8757?47D 
 3@6F:7A?B3@KRE5ADD7EBA@6;@93?7@676G@3G6;F76B3DF!!A8 AD?0 8;>76I;F:!&\*A@"3@G3DK 

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

#### **\$, &"#&\$#&(#" '1632B93\* ;4<?:/A7<;&39/A7;5A<A63\$<@@3@@7<;<?<;A?<9&3>B7?3:3;A@4<??<83?@/;23/93?@\$B?@B/;AA<&B931 );23?A63'31B?7A73@E16/;531A<4**

|                                                                                                                                                                                                                                                                                | 313:03?<br> |       |          |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------------|-------|----------|
|                                                                                                                                                                                                                                                                                | !/?83A*/9B3 |       | "<<4A3:@ |
| GEFA?7DER8G>>KB3;6E75GD;F;7E3@67J57EE?3D9;@E75GD;F;7E@AF;@F:7A?B3@KRE<br>BAEE7EE;A@AD5A@FDA>3EA8757?47D	 8ADI:;5:;@EFDG5F;A@EFAD76G57FA<br>BAEE7EE;A@AD5A@FDA>:36477@;EEG763EA8757?47D	 	4GF8ADI:;5:F:7<br>D7CG;D7635F;A@I3E@AFF3=7@I;F:;@F:7F;?78D3?7EEB75;8;76G@67D*G>75<br> |             | N<br> | N        |
| GEFA?7DER8G>>KB3;6E75GD;F;7E3@67J57EE?3D9;@E75GD;F;7E8ADI:;5:;@EFDG5F;A@EFA<br>D76G57FABAEE7EE;A@AD5A@FDA>:36@AF477@;EEG763EA8757?47D	 	7J5>G6;@9<br>;F7?E3D;E;@98DA?OF7?BAD3DK>39EF:3FD7EG>F8DA?@AD?3>4GE;@7EEAB7D3F;A@EP3E<br>B7D?;FF76G@67D*G>75<br>                        |             | N<br> | N        |

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

#### **\$, &"#&\$#&(#" '1632B93\* 'A/A3:3;A<4'35?35/A7<;&3>B7?3:3;A@/;2B;2@7;'35?35/A7<;4<?B@A<:3?J@(?/27;5<;)'<::<27AF E16/;53@**

|                                                                      | 313:03?<br> |
|----------------------------------------------------------------------|-------------|
| '35?35/A7<;&3>B7?3:3;A                                               |             |
| &7F\$7697D3>3@57                                                     |             |
| 3E:                                                                  | <br>        |
| &7F-@D73>;L76(DA8;F;@'B7@GFGD7EA@FD35FE                              | <br>        |
| J5:3@97FD3676ABF;A@E                                                 |             |
| 66?3D=7FH3>G7A8AB7@ABF;A@5A@FD35FEBGD5:3E76A@35A@FD35F?3D=7F         | <br>        |
| 76G5F?3D=7FH3>G7A8AB7@ABF;A@5A@FD35FE9D3@F76EA>6A@35A@FD35F?3D=7F    | <br>        |
| 6655AG@FE\$;CG;63F;@9FA378;5;F3@655AG@FEI;F:74;F3>3@57E<br>DAEE?AG@F | <br>        |
| :<B;A&3>B7?32A<3'35?35/A32                                           | <br>        |
|                                                                      |             |
| B;2@<;3=<@7A7;'35?35/A7<;                                            |             |
| 7BAE;FE;@+79D793F76G@6E3@=55AG@FE                                    |             |
| 3E:                                                                  | <br>        |
| &7FCG;F;7EI;F:AF:7D%E                                                |             |
| &7F\$;CG;63F;@9CG;FK                                                 | <br>        |
| (<A/9:<B;A7;'35?35/A7<;                                              | <br>        |
| E13@@347173;1FB;2@7;'35?35/A7<;                                      | <br>        |
|                                                                      |             |
| %3@397?7@F,3D97F?AG@F8ADJ57EEG@6E;@+79D793F;A@                       | <br>        |
| E13@@347173;1FB;2@7;'35?35/A7<;#C3?);23?!/;/53:3;A(/?53AE13@@        | <br>        |

&AF7,:7D73D7@A?3F7D;3>6;887D7@57E47FI77@F:734AH75A?BGF3F;A@8ADF:767F7D?;@3F;A@A8E79D793F;A@D7CG;D7?7@FE3@6 8G@6E;@E79D793F;A@BGDEG3@FFAD79G>3F;A@EG@67DF:7A??A6;FKJ5:3@975F3@6F:75ADD7EBA@6;@9G@3G6;F763@6 3?7@6765A?BGF3F;A@;@5>G676;@B7J>73D;@9ADBAD3F;A@RE(3DF!!A8AD?0 3E8;>76A@"3@G3DK 

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

## **\$, &"#&\$#&(#" '1632B93\***

**'A/A3:3;A<4'35?35/A7<;&3>B7?3:3;A@/;2B;2@7;'35?35/A7<;4<?B@A<:3?J@3/93?#=A7<;<;A?/1A@**

|                                                                | 313:03?<br> |
|----------------------------------------------------------------|-------------|
| ?AG@FD7CG;D76FA47E79D793F76;@355AD63@57I;F:A??;EE;A@D79G>3F;A@ | <br>N       |
|                                                                |             |
| G@6E;@E79D793F76355AG@FE                                       |             |
| 3E:                                                            | <br>N       |
| +75GD;F;7E3F?3D=7F                                             | <br>N       |
| ,AF3>                                                          | <br>N       |
|                                                                |             |
| E13@@2347173;1F4B;2@7;@35?35/A7<;EG4FD35F>;@758DA?>;@7         | <br>N       |

&AF7,:7D73D7@A?3F7D;3>6;887D7@57E47FI77@F:734AH75A?BGF3F;A@8ADF:767F7D?;@3F;A@A8E79D793F;A@D7CG;D7?7@FE3@6 8G@6E;@E79D793F;A@BGDEG3@FFAD79G>3F;A@EG@67DF:7A??A6;FKJ5:3@975F3@6F:75ADD7EBA@6;@9G@3G6;F763@6 3?7@6765A?BGF3F;A@;@5>G676;@B7J>73D;@9ADBAD3F;A@RE(3DF!!A8AD?0 3E8;>76A@"3@G3DK 

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

#### **\$, &"#&\$#&(#"**

#### **'1632B93\***

#### **'A/A3:3;A<4'31B?32:<B;A@/;2B;2@3927;'3=/?/A311<B;A@<;<?375;BAB?3@/;2<?375;#=A7<;@ B@A<:3?@\$B?@B/;AA<<::7@@7<;&35B9/A7<;**

|                                                                                                                                          | 313:03?<br> |
|------------------------------------------------------------------------------------------------------------------------------------------|-------------|
| <?375;BAB?3@/;2<?375;#=A7<;@'31B?32:<B;A@                                                                                                |             |
|                                                                                                                                          |             |
| ?AG@F*7CG;D76FA47+7FE;67(GDEG3@FFA\$3I	*G>7AD*79G>3F;A@A83AD7;9@AH7D@?7@FAD3<br>*G>7A83+7>8<br>*79G>3FADK'D93@;L3F;A@GF:AD;L76,:7D7G@67D | <br><br>I   |
| &7F\$7697D3>3@57<br>AD7;9@GFGD7E3@6AD7;9@'BF;A@E<br>>>GEFA?7DE                                                                           |             |
| 3E:                                                                                                                                      | <br>N       |
| +75GD;F;7E                                                                                                                               | <br>N       |
| &7F-@D73>;L76(DA8;F\$AEE;@'B7@GFGD7EA@FD35FE,D3676A@3AD7;9@A3D6A8,D367                                                                   | <br>N       |
| J5:3@97,D3676'BF;A@E                                                                                                                     |             |
| %3D=7F.3>G7A8'B7@'BF;A@A@FD35FE(GD5:3E76A@3AD7;9@A3D6A8,D367                                                                             | <br>N       |
| %3D=7F.3>G7A8'B7@'BF;A@A@FD35FED3@F76+A>6A@3AD7;9@A3D6A8,D367                                                                            | <br>N       |
| &7FCG;FK678;5;F                                                                                                                          | <br>N       |
| 55AG@FE\$;CG;63F;@9FA378;5;F3@655AG@FEI;F:74;F3>3@57E<br>DAEE?AG@F                                                                       | <br>N       |
| \$7EE?AG@F'88E7F4KGEFA?7D'I@76+75GD;F;7E                                                                                                 | <br>N       |
| ?AG@F*7CG;D76FA7+7FE;673EF:7+75GD76?AG@F                                                                                                 | <br>N       |
| ?3/A3?<4:<B;A&3>B7?32A<03'3A@723A</<?375;B?7@271A7<;0<C3<? 7;3                                                                           | <br>I       |
|                                                                                                                                          |             |
| B;2@<;3=<@7A7;'3=/?/A3&35B9/A7<;<br>11<B;A@                                                                                              |             |
| 3E:;@3@=E                                                                                                                                |             |
| 3@=E\$A53F76;@F:7-@;F76+F3F7E                                                                                                            | <br>N       |
| 'F:7D3@=E)G3>;8;76-@67D*79G>3F;A@                                                                                                        |             |
| &3?7E222222222222222222222222222                                                                                                         | <br>N       |
| +75GD;F;7E                                                                                                                               |             |
| !@+387=77B;@9I;F:3@=E\$A53F76;@F:7-@;F76+F3F7E                                                                                           | <br>N       |
| !@+387=77B;@9I;F:'F:7D3@=E)G3>;8;76-@67D*79G>3F;A@                                                                                       |             |
| &3?7E222222222222222222222222222                                                                                                         | <br>N       |
| CG;F;7EI;F:*79;EF7D76GFGD7EA??;EE;A@%7D5:3@FE                                                                                            |             |
| 3E:                                                                                                                                      | <br>N       |
| +75GD;F;7E                                                                                                                               | <br>N       |
| -@D73>;L763;@\$AEEA@'B7@GFGD7EA@FD35FE                                                                                                   | <br>N       |
| .3>G7A8\$A@9'BF;A@A@FD35FE                                                                                                               | <br>N       |
| .3>G7A8+:ADF'BF;A@A@FD35FE                                                                                                               | <br>N       |
| ?AG@F 7>64K>73D;@9'D93@;L3F;A@E8ADAD7;9@A3D6EA8,D367                                                                                     |             |
| &3?7E222222222222222222222222222                                                                                                         |             |
| 3E:                                                                                                                                      | <br>N       |
| +75GD;F;7E                                                                                                                               | <br>N       |
| -@D73>;L763;@\$AEEA@'B7@GFGD7EA@FD35FE                                                                                                   | <br>N       |
| .3>G7A8\$A@9'BF;A@A@FD35FE                                                                                                               | <br>N       |
| .3>G7A8+:ADF'BF;A@A@FD35FE                                                                                                               | <br>N       |

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

#### **\$, &"#&\$#&(#"**

**'1632B93\***

**'A/A3:3;A<4'31B?32:<B;A@/;2B;2@3927;'3=/?/A311<B;A@<;<?375;BAB?3@/;2<?375;#=A7<;@ B@A<:3?@\$B?@B/;AA<<::7@@7<;&35B9/A7<;** 

|                                                                                    | 313:03?<br> |
|------------------------------------------------------------------------------------|-------------|
| ?AG@F 7>64K%7?47DEA8AD7;9@A3D6EA8,D367                                             |             |
| &3?7E222222222222222222222222222                                                   |             |
| 3E:                                                                                | <br>N       |
| +75GD;F;7E                                                                         | <br>N       |
| -@D73>;L763;@\$AEEA@'B7@GFGD7EA@FD35FE                                             | <br>N       |
| .3>G7A8\$A@9'BF;A@A@FD35FE                                                         | <br>N       |
| .3>G7A8+:ADF'BF;A@A@FD35FE                                                         | <br>N       |
| 55AG@FEI;F:'F:7D7BAE;FAD;7E7E;9@3F764K3AD7;9@A3D6A8,D367                           |             |
| &3?7E222222222222222222222222222                                                   | <br>N       |
| +79D793F76G@6EA@ 3@67E5D;472222222222222222222222222222                            | <br>N       |
| (<A/9B;2@7;'3=/?/A3'31A7<;<br>11<B;A@                                              | <br>N       |
| J57EE78;5;7@5K+7FE;67G@6E8AD+75GD76?AG@F+G4FD35F\$;@7+75GD76+F3F7?7@F8DA?<br>\$;@7 | <br>N       |
| %3@397?7@F,3D97F?AG@F8ADJ57EEG@6E;@+7B3D3F7 55AG@FE-@3G6;F76                       |             |
| J57EE78;5;7@5KG@6E;@+7B3D3F7 55AG@FE'H7D-@67D%3@397?7@F,3D97FJ57EE<br>-@3G6;F76    | <br>N       |
|                                                                                    |             |

&AF7B7J6A7E@FA887DAD7;9@GFGD7E3@6AD7;9@'BF;A@EGEFA?7D55AG@FEG@67DA??;EE;A@\*79G>3F;A@

&AF7,:7D73D7@A?3F7D;3>6;887D7@57E47FI77@F:734AH75A?BGF3F;A@8AD67F7D?;@3F;A@A8G@6E 7>6;@+7B3D3F755AG@FE 8ADAD7;9@GFGD7E3@6AD7;9@'BF;A@EGEFA?7DEBGDEG3@FFA D79G>3F;A@EG@67DF:7A??A6;FKJ5:3@975F3@6 F:75ADD7EBA@6;@9G@3G6;F763@63?7@6765A?BGF3F;A@;@5>G676;@B7J>73D;@9ADBAD3F;A@E(3DF!!AD?0 3E8;>76A@"3@G3DK 

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

#### **\$, &"#&\$#&(#" '1632B93\* 'A/A3:3;A<493/?32'+\$'B@A<:3?'35?35/A7<;&3>B7?3:3;A@/;2B;2@7;93/?32'+\$'B@A<:3?11<B;A@ );23?<4**

|                                                                                     | 313:03?<br> |
|-------------------------------------------------------------------------------------|-------------|
| 93/?32'+\$'B@A<:3?&3>B7?3:3;A@                                                      |             |
| &7F>7697D43>3@57                                                                    |             |
| 3E:                                                                                 | <br>N       |
| +75GD;F;7E3F?3D=7F                                                                  | <br>N       |
| &7FG@D73>;L76BDA8;F\$AEE;@AB7@5>73D76+/(+67D;H3F;H7E                                | <br>N       |
| >73D76+/(+ABF;A@E                                                                   |             |
| %3D=7FH3>G7A8AB7@5>73D76+/(+ABF;A@5A@FD35FEBGD5:3E76                                | <br>N       |
| %3D=7FH3>G7A8AB7@+/(+ABF;A@5A@FD35FE9D3@F76EA>6                                     | <br>N       |
| &7F7CG;FK678;5;F366>;@7E	3@6                                                        | <br>N       |
| 55AG@FE>;CG;63F;@9FA3678;5;F3@6355AG@FEI;F:674;F43>3@57E<br>9DAEE3?AG@F             | <br>N       |
| \$7EE3?AG@FA88E7F4K5GEFA?7DAI@76E75GD;F;7E                                          | <br>N       |
| ?AG@FD7CG;D76FA47E79D793F768AD5>73D76+/(+5GEFA?7DE366>;@7E3@6                       | <br>N       |
|                                                                                     |             |
| B;2@7;93/?32'+\$'B@A<:3?'35?35/A3211<B;A@                                           |             |
| 7BAE;FE;@5>73D76+/(+5GEFA?7DE79D793F76355AG@FE3F43@=E                               |             |
| 3E:                                                                                 | <br>N       |
| +75GD;F;7ED7BD7E7@F;@9;@H7EF?7@FEA85>73D76+/(+5GEFA?7DE8G@6E3F?3D=7F                | <br>N       |
| +75GD;F;7E:7>68ADB3DF;5G>3D5>73D76+/(+5GEFA?7DE;@>;7GA853E:3F?3D=7F                 | <br>N       |
| %3D9;@EA@67BAE;FI;F:67D;H3F;H7E5>73D;@9AD93@;L3F;A@E;@5>73D76+/(+5GEFA?7DE79D793F76 |             |
| F<br>3E:                                                                            | <br>N       |
| +75GD;F;7ED7BD7E7@F;@9;@H7EF?7@FEA85>73D76+/(+5GEFA?7DE8G@6E3F?3D=7F                | <br>N       |
| +75GD;F;7E:7>68ADB3DF;5G>3D5>73D76+/(+5GEFA?7DE;@>;7GA853E:3F?3D=7F                 | <br>N       |
| &7FE7FF>7?7@F8DA?FA67D;H3F;H7E5>73D;@9AD93@;L3F;A@E                                 | <br>N       |
| >73D76+/(+ABF;A@E                                                                   |             |
| .3>G7A8AB7@5>73D76+/(+>A@9ABF;A@5A@FD35FE                                           | <br>N       |
| .3>G7A8AB7@5>73D76+/(+E:ADFABF;A@5A@FD35FE                                          | <br>N       |
| &7FCG;F;7EI;F:AF:7D%E                                                               |             |
| &7F\$;CG;63F;@9CG;FK                                                                | <br>N       |
| +75GD;F;7ED7BD7E7@F;@9;@H7EF?7@FEA85>73D76+/(+5GEFA?7DE8G@6E3F?3D=7F                | <br>N       |
| +75GD;F;7E:7>68ADB3DF;5G>3D5>73D76+/(+5GEFA?7DE;@>;7GA853E:3F?3D=7F                 | <br>N       |
| >73D76+/(+8G@6EA@:3@667E5D;4722222222222222222                                      | <br>N       |
| ,AF3>3?AG@F;@5>73D76+/(5GEFA?7DE79D793F;A@366>;@7EF:DAG9:                           | <br>N       |
| J57EE678;5;7@5K8G@6E;@5>73D76+/(+5GEFA?7DE79D793F;A@EG4FD35F>;@78DA?>;@7            | <br>N       |
| %3@397?7@F,3D97F?AG@F8ADJ57EE8G@6E;@5>73D76+/(+E79D793F;A@355AG@FEG@3G6;F76         | <br>N       |
| J57EE678;5;7@5K8G@6E;@5>73D76+/(+E79D793F76355AG@FEAH7DG@67D%3@397?7@F,3D97F        |             |
| J57EEG@3G6;F76                                                                      | <br>N       |

&AF7B7J6A7E@FA887D5>73D76+/(+GEFA?7D55AG@FEG@67DA8

&AF7 ,:7D7 3D7 @A ?3F7D;3> 6;887D7@57E 47FI77@ F:7 34AH7 5A?BGF3F;A@ 8AD 67F7D?;@3F;A@ A8 >73D76 +I3BE GEFA?7D +79D793F;A@ \*7CG;D7?7@FE 3@6 G@6E ;@ >73D76 +I3BE GEFA?7D 55AG@FE G@67D 8 A8 BGDEG3@F FA D79G>3F;A@EG@67DF:7A??A6;FKJ5:3@975F3@6F:75ADD7EBA@6;@9G@3G6;F763@63?7@6765A?BGF3F;A@;@5>G676 ;@B7J>73D;@9ADBAD3F;A@E(3DF!!AD?0 3E8;>76A@"3@G3DK


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