81,7 %$6,&6 2) '$7$ &20081,&$7,21 6WUXFWXUH
,QWURGXFWLRQ 2EMHFWLYHV &RQFHSW RI &RPPXQLFDWLRQ 6\VWHP $QDORJ DQG 'LJLWDO &RPPXQLFDWLRQ 'DWD &RPPXQLFDWLRQ 0RGHV
3DJH 1R
6\QFKURQRXV DQG $V\QFKURQRXV 7UDQVPLVVLRQ 6LPSOH[ +DOI 'XSOH[ )XOO 'XSOH[ &RPPXQLFDWLRQ
1HWZRUNLQJ 3URWRFROV DQG 6WDQGDUGV
/D\HULQJ 26, 5HIHUHQFH 0RGHO (QFDSVXODWLRQ (QG WR (QG $UJXPHQW 3URWRFRO 'HVLJQ ,VVXHV
$SSOLFDWLRQV RI &RPSXWHU 1HWZRUNLQJ 6XPPDU\ 5HIHUHQFHV )XUWKHU 5HDGLQJ 6ROXWLRQV $QVZHUV
,1752'8&7,21
7KLV LV WKH ILUVW XQLW RI RXU FRXUVH RQ )XQGDPHQWDOV RI &RPSXWHU 1HWZRUNV ,W ZLOO LQWURGXFH \RX WR VRPH RI WKH EDVLF FRQFHSWV RI GDWD FRPPXQLFDWLRQ DQG FRPSXWHU QHWZRUNLQJ ,Q RWKHU ZRUGV WKRXJK WKLV XQLW ZH ZRXOG OLNH WR H[SODLQ WKH ³:KDW :K\ :KHQ +RZ :KHUH´ RI GDWD FRPPXQLFDWLRQ ,Q WKH EHJLQQLQJ \RX ZLOO EH LQWURGXFHG ZLWK WKH FRQFHSW RI FRPPXQLFDWLRQ DQG ³FRPPXQLFDWLRQ V\VWHP´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
2%-(&7,9(6
$IWHU JRLQJ WKURXJK WKLV XQLW \RX VKRXOG EH DEOH WR x
.QRZ WKH FRQFHSW RI FRPPXQLFDWLRQ V\VWHP
x
8QGHUVWDQG WKH FRPPXQLFDWLRQ V\VWHP DQG LWV FRPSRQHQWV
x
'LIIHUHQWLDWH EHWZHHQ DQDORJ DQG GLJLWDO &RPPXQLFDWLRQ
x
.QRZ GDWD FRPPXQLFDWLRQ PRGHV
x
'LIIHUHQWLDWH EHWZHHQ V\QFKURQRXV DQG DV\QFKURQRXV WUDQVPLVVLRQ
x
'LIIHUHQWLDWH DPRQJ 6LPSOH[ KDOI GXSOH[ IXOO GXSOH[ FRPPXQLFDWLRQ
x
8QGHUVWDQG WKH QHHG RI SURWRFROV DQG VWDQGDUGV
x
.QRZ WKH IXQFWLRQV RI 26, OD\HUV
x
8QGHUVWDQG WKH FRQFHSWV RI HQFDSVXODWLRQ DQG (QG WR HQG DUJXPHQW
x
.QRZ WKH GLIIHUHQW SURWRFRO GHVLJQ LVVXHV
%DVLFV RI 'DWD &RPPXQLFDWLRQ
&RQFHSWV RI &RPPXQLFDWLRQ DQG 1HWZRUNLQJ
x
.QRZ WKH DSSOLFDWLRQV RI FRPSXWHU QHWZRUN
&21&(37 2) &20081,&$7,21 6<67(0
%HIRUH ZH GLVFXVV DERXW ³FRPPXQLFDWLRQ V\VWHP´ DQG LWV FRPSRQHQWV OHW XV XQGHUVWDQG ³FRPPXQLFDWLRQ´ &DQ \RX GHILQH LW ZKDW GHILQLWLRQ ZLOO FRPH ILUVW LQ \RXU PLQG" :KHQ ZH DVNHG VRPH VWXGHQWV DQVZHUV ZHUH OLNH x
'HOLYHU\ RI PHVVDJH
x
3URSHU ZD\ RI SDVVLQJ D VLJQDO WR WKH LQWHQGHG XVHU
x
5LJKW PHVVDJH WR ULJKW SHUVRQ DW ULJKW WLPH WKURXJK ULJKW ZD\
6R PDQ\ ³ULJKWV´ DQG DOO VHHPV WR EH µ5LJKW¶ /HW PH LQIRUP \RX DERXW VRPH GHILQLWLRQV RI FRPPXQLFDWLRQ x
´ &RPPXQLFDWLRQ LV WUDQVIHU RI LQIRUPDWLRQ IURP RQH SHUVRQ WR DQRWKHU ZKHWKHU RU QRW LW HOLFLWV FRQILGHQFH %XW WKH LQIRUPDWLRQ WUDQVIHUUHG PXVW EH XQGHUVWDQGDEOH WR WKH UHFHLYHU ± * * %URZQ
x
7KH LPSDUWLQJ RU H[FKDQJLQJ RI LQIRUPDWLRQ E\ VSHDNLQJ ZULWLQJ RU XVLQJ VRPH RWKHU PHGLXP 2[IRUG 'LFWLRQDU\
$IWHU JRLQJ WKRXJK WKHVH GHILQLWLRQV , DP VXUH QRZ ZH FDQ OLVW WKH FRPSRQHQWV UHTXLUHG IRU VRPH FRPPXQLFDWLRQ x
6HQGHU ZKR LV WU\LQJ WR VHQG D PHVVDJH WR WKH UHFHLYHU"
x
0HVVDJH RU 6LJQDO WKH PHVVDJH LV WKH DFWXDO FRQWHQW IRU FRPPXQLFDWLRQ
x
&RPPXQLFDWLRQ 0HGLXP 7KH PHGLXP LV ZKDW WKH PHVVDJH LV WUDQVPLWWHG RQ 7KH SKRQH V\VWHP LW LV ZLUH 7HOHYLVLRQ DQG UDGLR XVH DLU
x
5HFHLYHU 7KH UHFHLYHU LV WKH WDUJHW RI WKH PHVVDJH
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¶V VHH D EORFN GLDJUDP IRU D FRPPXQLFDWLRQ V\VWHP DV GHSLFWHG LQ WKH )LJXUH 0HVVDJH
(QFRGHU
0HGLXP &KDQQHO 'HFRGHU )LJXUH %ORFN 'LDJUDP RI &RPPXQLFDWLRQ 6\VWHP
0HVVDJH
1RZ FDQ \RX WU\ WR H[SORUH VRPH FRPPXQLFDWLRQ V\VWHPV DURXQG XV" 2N OHW¶V OLVW VRPH x
+XPDQ FRPPXQLFDWLRQV RSHUDWH WKURXJK VSHHFK VLJQV JHVWXUHV ERG\ ODQJXDJH HWF 1RWH WKDW WKH FRPPXQLFDWLRQ PHGLXPV DUH DLU DQG OLJKW
x
7HOHSKRQH V\VWHP DUH D NLQG RI FRPPXQLFDWLRQV V\VWHP ZKLFK ZH XVH LQ GD\ WR GD\ EDVLV LW LV D FROOHFWLRQ RI LQGLYLGXDOV WHOHSKRQH KDQGVHWV IRU WUDQVIRUPLQJ YRLFH LQWR HOHFWULFDO VLJQDOV ZLUHV FRPPXQLFDWLRQ PHGLXP VRPH FRQWUROOLQJ DQG FDOO PDQDJHPHQW GHYLFHV 7HOHSKRQH H[FKDQJH HWF 5HPHPEHU WKDW WKH FRPSRQHQWV RI D FRPPXQLFDWLRQV V\VWHP VHUYH D FRPPRQ SXUSRVH DUH WHFKQLFDOO\ FRPSDWLEOH XVH FRPPRQ SURFHGXUHV UHVSRQG WR FRQWUROV DQG RSHUDWH LQ XQLW\
x
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
%\ QRZ \RX PXVW EH FXULRXV WR NQRZ WKH PHFKDQLVP XVHG IRU FRQYHUWLQJ D PHVVDJH WH[W YLGHR DXGLR HWF LQWR VRPH HOHFWULFDO VLJQDOV +RZ GRHV LW IXQFWLRQ LQ D V\VWHP" /HW XV XQGHUVWDQG WKH FRPPXQLFDWLRQ IURP WKH WHFKQLFDO RU PDWKHPDWLFDO SRLQW RI YLHZ & ( 6KDQQRQ >&ODXGH (OZRRG 6KDQQRQ $SULO ± )HEUXDU\ ZDV DQ $PHULFDQ PDWKHPDWLFLDQ HOHFWURQLF HQJLQHHU DQG FU\SWRJUDSKHU NQRZQ DV WKH IDWKHU RI LQIRUPDWLRQ WKHRU\ @ KDG ZRUNHG RQ VRPH RI WKH IXQGDPHQWDOV LQ WKH FRPPXQLFDWLRQ OLNH x
+RZ WKH V\PEROV RI FRPPXQLFDWLRQ DUH WUDQVPLWWHG EHWZHHQ VHQGHU DQG UHFHLYHU"
x
+RZ WKH PHDQLQJ LV FRQYH\HG WKURXJK WKH WUDQVPLWWHG V\PEROV"
x
:KDW LV WKH HIIHFW RI WKH UHFHLYHG PHDQLQJ"
$FFRUGLQJ WR 6KDQQRQ IROORZLQJ DUH WKH HVVHQWLDO HOHPHQWV RI FRPPXQLFDWLRQ DOVR VKRZQ LQ WKH )LJXUH EHORZ
,QIRUPDWLRQ VRXUFH 6RXUFH WKDW SURGXFHV D PHVVDJH
7UDQVPLWWHU $Q HOHPHQW WKDW IXQFWLRQV RQ WKH PHVVDJH WR JHQHUDWH D VLJQDO ZKLFK FDQ EH GHOLYHUHG WKURXJK D PHGLXP FKDQQHO
&RPPXQLFDWLRQ &KDQQHO WKDW LV D PHGLXP RYHU ZKLFK WKH VLJQDO FDUU\LQJ WKH LQIRUPDWLRQ WKDW FRPSRVHV WKH PHVVDJH LV VHQW
5HFHLYHU $Q HOHPHQW WKDW LQWHUFHSW WKH VLJQDO DQG FRQYHUWV LW EDFN LQWR WKH PHVVDJH
'HVWLQDWLRQ ,W FDQ EH D SHUVRQ PDFKLQH IRU ZKRP ZKLFK WKH PHVVDJH LV LQWHQGHG
%DVLFV RI 'DWD &RPPXQLFDWLRQ
&RQFHSWV RI &RPPXQLFDWLRQ DQG 1HWZRUNLQJ
)LJXUH 6KDQQRQ V GLDJUDP RI D JHQHUDO FRPPXQLFDWLRQV V\VWHP
+HUH WKH QRLVH LV FRQVLGHUHG DV DQ HUURU RU XQGHVLUHG GLVWXUEDQFH WKDW RFFXUV GXULQJ WKH WUDQVPLVVLRQ EHIRUH UHFHLYHU DQG DIWHU WUDQVPLWWHU IURP QDWXUDO DQG VRPHWLPHV PDQ PDGH VRXUFHV
$1$/2* $1' ',*,7$/ &20081,&$7,21
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x $V \RX PD\ NQRZ WKDW DQ DQDORJ LV VRPHWKLQJ FRQWLQXRXV ZKLFK LV KDYLQJ WLPH YDU\LQJ IHDWXUH YDULDEOH $QDORJ VLJQDO LV D UHSUHVHQWDWLRQ RI VRPH WLPH YDU\LQJ TXDQWLW\ )RU H[DPSOH +XPDQ YRLFH FDQ EH FRQVLGHUHG DV DQ DQDORJ VLJQDO ,Q DQDORJ VLJQDOV GDWD DUH UHSUHVHQWHG E\ FRQWLQXRXVO\ YDULDEOH PHDVXUDEOH SK\VLFDO TXDQWLWLHV VXFK DV FXUUHQW YROWDJH RU SUHVVXUH x
$ GLJLWDO VLJQDO LV D SK\VLFDO VLJQDO WKDW LV D UHSUHVHQWDWLRQ RI D VHTXHQFH RI GLVFUHWH YDOXHV IRU H[DPSOH RI D ELW VWUHDP ,Q GLJLWDO WHFKQRORJ\ JHQHUDOO\ D VLJQDO LV FRQYHUWHG LQWR D ELW IRUP UHSUHVHQWHG E\ D VHULHV RI V DQG V 3OHDVH QRWH KHUH WKDW ³ V DQG V DUH QRWKLQJ EXW WZR VWDWHV XVXDOO\ UHSUHVHQWHG E\ VRPH PHDVXUHPHQW RI DQ HOHFWULFDO SURSHUW\ 9ROWDJH LV WKH PRVW FRPPRQ EXW FXUUHQW LV XVHG LQ VRPH ORJLF IDPLOLHV $ WKUHVKROG LV GHVLJQHG IRU HDFK ORJLF IDPLO\
)LJXUH $QDORJ 'LVFUHWH DQG 'LJLWDO &ORFNV
,Q D FRPPXQLFDWLRQ V\VWHP GDWD VLJQDOV DUH SURSDJDWHG IURP RQH SRLQW WR DQRWKHU E\ PHDQV RI HOHFWULFDO VLJQDOV $Q DQDORJ VLJQDO )LJXUH D LV D FRQWLQXRXVO\ YDU\LQJ YROWDJH VLJQDO WKDW PD\ EH SURSDJDWHG RYHU D YDULHW\ RI PHGLD $ GLJLWDO VLJQDO )LJXUH E LV D VHTXHQFH RI GLVFUHWH YDOXHV IRU H[DPSOH DQ\ ELW VWUHDP
%DVLFV RI 'DWD &RPPXQLFDWLRQ
)LJXUH D $QDORJ 6LJQDO
)LJXUH E 'LJLWDO 6LJQDO
$QDORJ DQG GLJLWDO VLJQDOV DUH XVHG WR WUDQVPLW LQIRUPDWLRQ XVXDOO\ WKURXJK HOHFWULF VLJQDOV ,Q ERWK WKHVH V\VWHPV WKH LQIRUPDWLRQ VXFK DV DQ\ WH[W DXGLR RU YLGHR LV WUDQVIRUPHG LQWR HOHFWULF VLJQDOV /HW XV VHH VRPH RI WKH GLIIHUHQFHV EHWZHHQ DQDORJ DQG GLJLWDO V\VWHPV EHORZ LQ WDEOH 7DEOH &RPSDULVRQ EHWZHHQ $QDORJ DQG 'LJLWDO V\VWHP $QDORJ
'LJLWDO
6LJQDOV DUH UHFRUGV ZDYHIRUPV DV WKH\ DUH 6LJQDO RFFXSLHV WKH VDPH RUGHU RI VSHFWUXP DV WKH DQDORJ GDWD
&RQYHUWV DQDORJ ZDYHIRUPV LQWR VHW RI QXPEHUV DQG UHFRUGV WKHP 7KH QXPEHUV DUH FRQYHUWHG LQWR YROWDJH VWUHDP IRU UHSUHVHQWDWLRQ ,Q FDVH RI ELQDU\ LW LV FRQYHUWHG LQ ¶V DQG ¶V
,Q DQDORJ V\VWHPV HOHFWURQLF FLUFXLWV DUH XVHG IRU WUDQVIRUPDWLRQ RI VLJQDOV
,Q WKLV WUDQVIRUPDWLRQ LV GRQH XVLQJ ORJLF FLUFXLWV
$ERXW 1RLVH DQDORJ VLJQDOV DUH PRUH OLNHO\ WR JHW DIIHFWHG DQG UHVXOWV LQ UHGXFLQJ DFFXUDF\
'LJLWDO VLJQDOV DUH OHVV DIIHFWHG EHFDXVH QRLVH UHVSRQVH DUH DQDORJ LQ QDWXUH
$QDORJ VLJQDO LV D FRQWLQXRXV VLJQDO ZKLFK WUDQVPLWV LQIRUPDWLRQ DV D UHVSRQVH WR FKDQJHV LQ SK\VLFDO SKHQRPHQRQ
'LJLWDO VLJQDOV DUH GLVFUHWH WLPH VLJQDOV JHQHUDWHG E\ GLJLWDO PRGXODWLRQ
'DWD WUDQVPLVVLRQ LV QRW RI KLJK TXDOLW\
'DWD WUDQVPLVVLRQ KDV KLJK TXDOLW\
$QDORJ GHYLFHV DUH QRW YHU\ SUHFLVH
'LJLWDO V\VWHPV DUH YHU\ SUHFLVH
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
&RQFHSWV RI &RPPXQLFDWLRQ DQG 1HWZRUNLQJ
FRPSXWHU DGYDQFHPHQW KDV HQDEOHG XVH RI HUURU GHWHFWLRQ DQG HUURU FRUUHFWLRQ WHFKQLTXHV WR UHPRYH GLVWXUEDQFHV DUWLILFLDOO\ IURP GLJLWDO VLJQDOV DQG LPSURYH TXDOLW\ 1RZ GD\V GLJLWDO VLJQDOV KDV EHHQ PRVW SURILFLHQW LQ FHOOXODU SKRQH LQGXVWU\ $QDORJ SKRQHV KDYH EHFRPH VXSHUIOXRXV HYHQ WKRXJK VRXQG FODULW\ DQG TXDOLW\ ZDV EHWWHU
) &KHFN <RXU 3URJUHVV
/LVW WKH HVVHQWLDO HOHPHQWV RI FRPPXQLFDWLRQ V\VWHP $OVR GUDZ DQG H[SODLQ WKH 6KDQQRQ PRGHO RI FRPPXQLFDWLRQ V\VWHP «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
:ULWH DQ\ IRXU GLIIHUHQFHV EHWZHHQ DQDORJ DQG GLJLWDO FRPPXQLFDWLRQ «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
'$7$ &20081,&$7,21 02'(6
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
)LJXUH 6HULDO &RPPXQLFDWLRQ
3DUDOOHO WUDQVPLVVLRQ UHIHUV WR VLPXOWDQHRXV WUDQVPLVVLRQ RI WKH ELWV RYHU WZR RU PRUH VHSDUDWH FKDQQHOV +HUH ZH FDQ WUDQVPLW PXOWLSOH ELWV VLPXOWDQHRXVO\ DV JLYHQ LQ )LJXUH ZKLFK DOORZV IRU KLJKHU GDWD WUDQVIHU UDWHV WKDQ WKDW FDQ EH DFKLHYHG ZLWK VHULDO
WUDQVPLVVLRQ )RU H[DPSOH IRU LQWHUQDO GDWD FRPPXQLFDWLRQ LQ D FRPSXWHU V\VWHP WKLV PHWKRG RI SDUDOOHO WUDQVPLVVLRQ LV XVHG 3DUDOOHO GDWD WUDQVPLVVLRQ LV OHVV UHOLDEOH IRU ORQJ GLVWDQFHV EHFDXVH HUURU FRUUHFWLRQ LV QRW YHU\ VLPSOH DQG HFRQRPLFDO LQ WKLV FDVH
)LJXUH 3DUDOOHO GDWD WUDQVPLVVLRQ
,Q VHULDO WUDQVPLVVLRQ WKH E\WH SOXV WKH SDULW\ ELW DUH WUDQVPLWWHG RQH ELW DIWHU DQRWKHU LQ D FRQWLQXRXV OLQH ,Q SDUDOOHO WUDQVPLVVLRQ ELWV D E\WH SOXV D SDULW\ ELW DUH WUDQVPLWWHG DW WKH VDPH WLPH RYHU QLQH VHSDUDWH SDWKV 7KXV SDUDOOHO WUDQVPLVVLRQ LV JHQHUDOO\ IDVWHU WKDQ VHULDO WUDQVPLVVLRQ
6\QFKURQRXV DQG $V\QFKURQRXV 7UDQVPLVVLRQ 6\QFKURQRXV WUDQVPLVVLRQ PHDQV ERWK UHFHLYHU DQG VHQGHU KDV DQ DJUHHPHQW RU DZDUH DERXW WLPLQJ IRU WKH VHQGLQJ GDWD VR WKDW ERWK VHQGHU DQG UHFHLYHU FDQ FRRUGLQDWH V\QFKURQL]H WKHLU GDWD VLJQDOV $V\QFKURQRXV PHDQV QRW V\QFKURQRXV RU QR FRRUGLQDWLRQ EHWZHHQ VHQGHU DQG UHFHLYHU EHIRUH WUDQVPLVVLRQ &DQ \RX WU\ WR H[SORUH VRPH H[DPSOHV RI 6\QFKURQRXV DQG DV\QFKURQRXV FRPPXQLFDWLRQ WKDW RFFXUV LQ \RXU GD\ WR GD\ OLIH" 7KH DV\QFKURQRXV WUDQVPLVVLRQ XVHV VWDUW DQG VWRS ELWV WR VLJQLI\ WKH EHJLQQLQJ ELW )RU H[DPSOH LI VHQGHU ZDQWV WR VHQG VRPH GDWD ´ LW ZLOO EH DSSHQGHG ZLWK WKH VWDUW DQG VWRS ELW DQG ORRN OLNH :KHUH ZH KDYH DVVXPHG WKDW µ ¶ LV VWDUW ELW DQG µ ¶ LV VWRS ELW $V\QFKURQRXV WUDQVPLVVLRQ ZRUNV ZHOO ZKHUH WKH FKDUDFWHUV DUH WUDQVIHUUHG DW LUUHJXODU LQWHUYDOV H J GDWD HQWU\ IURP WKH NH\ERDUG $V\QFKURQRXV WUDQVPLVVLRQ KDV VRPH DGYDQWDJHV DQG GLVDGYDQWDJHV OLNH x
(DFK LQGLYLGXDO FKDUDFWHU LV FRPSOHWH XQLW KHQFH LI WKHUH LV DQ HUURU LQ D FKDUDFWHU RWKHU VHTXHQFH RI FKDUDFWHUV DUH QRW DIIHFWHG +RZHYHU (UURU LQ VWDUW DQG VWRS ELW V PD\ FDXVH VHULRXV SUREOHPV LQ GDWD WUDQVIHU
x
'RHVQ W UHTXLUH V\QFKURQL]DWLRQ RI ERWK FRPPXQLFDWLRQ VLGHV
x
,W LV FRVW HIIHFWLYH
x
7KH VSHHG RI WUDQVPLVVLRQ LV OLPLWHG
x
/DUJH UHODWLYH RYHUKHDGV D KLJK SURSRUWLRQ RI WKH WUDQVPLWWHG ELWV DUH XQLTXHO\ XVHG IRU FRQWURO SXUSRVHV
,Q FDVH RI V\QFKURQRXV WUDQVPLVVLRQ ZH GR QRW XVH DQ\ VWDUW DQG VWRS ELWV EXW LQVWHDG RI WKDW FORFN VLJQDO HQG FORFN LV EXLOW LQWR HDFK HQG RI WUDQVPLVVLRQ LV EHLQJ XVHG IRU V\QFKURQL]LQJ WKH GDWD WUDQVPLVVLRQ DW ERWK WKH UHFHLYLQJ DQG VHQGLQJ $ FRQVWDQW VWUHDP RI ELWV LV VHQW EHWZHHQ WKH VHQGHU DQG UHFHLYHU $V FORFN V\QFKURQL]DWLRQ PD\ GLVWXUEHG WKH SRVVLELOLW\ RI HUURU LQFUHDVHV LQ V\QFKURQRXV WUDQVPLVVLRQ 6\QFKURQRXV WUDQVPLVVLRQ KDV IROORZLQJ DGYDQWDJHV DQG GLVDGYDQWDJHV
%DVLFV RI 'DWD &RPPXQLFDWLRQ
&RQFHSWV RI &RPPXQLFDWLRQ DQG 1HWZRUNLQJ
x
,Q FRPSDULVRQ WR DV\QFKURQRXV FRPPXQLFDWLRQ LW KDV KLJKHU VSHHGV EHFDXVH WKH V\VWHP KDV OHVVHU SRVVLELOLW\ RI HUURU %XW LI DQ HUURU WDNHV SODFH WKH FRPSOHWH VHW RI GDWD LV ORVW LQVWHDG RI D VLQJOH FKDUDFWHU
x
6HULDO V\QFKURQRXV WUDQVPLVVLRQ LV SULQFLSDOO\ XVHG IRU KLJK VSHHG FRPPXQLFDWLRQ EHWZHHQ FRPSXWHUV EXW LV XQVXLWDEOH ZKHUH WKH FKDUDFWHUV DUH WUDQVIHUUHG DW LUUHJXODU LQWHUYDOV
x
,W LV JLYHV ORZHU RYHUKHDGV DQG WKXV JUHDWHU WKURXJKSXW
x
3URFHVV LV PRUH FRPSOH[
x
,W LV QRW YHU\ FRVW HIIHFWLYH DV KDUGZDUH DUH PRUH H[SHQVLYH
6LPSOH[ +DOI 'XSOH[ )XOO 'XSOH[ &RPPXQLFDWLRQ 7KH GDWD WUDQVPLVVLRQ PRGH RQ WKH FKDQQHO FDQ EH FODVVLILHG LQWR WKUHH ZD\V VLPSOH[ KDOI GXSOH[ DQG IXOO GXSOH[ DV JLYHQ EHORZ LQ )LJXUH 6LPSOH[
7UDQVPLVVLRQ PRGH
+DOI 'XSOH[
)XOO 'XSOH[
)LJXUH 7UDQVPLVVLRQ PRGH
,Q VLPSOH[ WUDQVPLVVLRQ )LJXUH D VLJQDOV DUH WUDQVPLWWHG LQ RQO\ RQH GLUHFWLRQ RQH VWDWLRQ LV D WUDQVPLWWHU DQG WKH RWKHU LV WKH UHFHLYHU ,Q WKH KDOI GXSOH[ RSHUDWLRQ )LJXUH E ERWK VWDWLRQV PD\ WUDQVPLW EXW RQO\ RQH DW D WLPH ,Q IXOO GXSOH[ RSHUDWLRQ )LJXUH F ERWK VWDWLRQV PD\ WUDQVPLW VLPXOWDQHRXVO\ ,Q WKH ODWWHU FDVH WKH PHGLXP LV FDUULHV VLJQDOV LQ ERWK GLUHFWLRQV DW VDPH WLPH
)LJXUH D E F 'LUHFWLRQV RI GDWD WUDQVPLVVLRQ LQ 6LPSOH[ D KDOI GXSOH[ E IXOO GXSOH[ F FRPPXQLFDWLRQ
6LPSOH[ 7UDQVPLVVLRQ 6LPSOH[ WUDQVPLVVLRQ LV RQH ZD\ WUDQVPLVVLRQ $V WKH QDPH LPSOLHV LV VLPSOH LQ WHUP RI SURFHVV DQG KDUGZDUH ,W LV DOVR FDOOHG XQLGLUHFWLRQDO EHFDXVH WKH VLJQDO WUDYHOV LQ RQO\
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
) &KHFN <RXU 3URJUHVV
'LIIHUHQWLDWH EHWZHHQ 6\QFKURQRXV DQG DV\QFKURQRXV WUDQVPLVVLRQ «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
*LYH DQ H[DPSOH RI HDFK FRPPXQLFDWLRQ V\VWHP EDVHG RQ x
6LPSOH[ FRPPXQLFDWLRQ
x
KDOI GXSOH[ FRPPXQLFDWLRQ
x
IXOO GXSOH[ FRPPXQLFDWLRQ
«««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
1(7:25.,1* 35272&2/6 $1' 67$1'$5'6
$OO PRGHV RI FRPPXQLFDWLRQ GHVFULEHG DERYH IROORZ VRPH µVHW RI UXOHV¶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
%DVLFV RI 'DWD &RPPXQLFDWLRQ
&RQFHSWV RI &RPPXQLFDWLRQ DQG 1HWZRUNLQJ
FRXOG EH GLIIHUHQW 7KHUH FRXOG EH PDQ\ VXFK GLIIHUHQFHV 7KH LQFRPSDWLELOLW\ LVVXHV DUH KDQGOHG DW WZR OHYHOV L
+DUGZDUH ,VVXHV
$W WKH KDUGZDUH OHYHO DQ DGGLWLRQDO FRPSRQHQW FDOOHG URXWHU LV XVHG WR FRQQHFW SK\VLFDOO\ GLVWLQFW QHWZRUNV $ URXWHU FRQQHFWV WR WKH QHWZRUN LQ WKH VDPH ZD\ DV DQ\ RWKHU FRPSXWHU $Q\ FRPSXWHU FRQQHFWHG WR WKH QHWZRUN KDV D 1HWZRUN ,QWHUIDFH &DUG 1,& ZKLFK KDV WKH DGGUHVV QHWZRUN LG KRVW LG KDUG FRGHG LQWR LW $ URXWHU LV D GHYLFH ZLWK PRUH WKDQ RQH 1,&V 5RXWHU FDQ FRQQHFW LQFRPSDWLEOH QHWZRUNV DV LW KDV WKH QHFHVVDU\ KDUGZDUH 1,& DQG SURWRFROV LL
6RIWZDUH ,VVXHV
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Å&#x2020; LW ZRXOG PDNH LW YHU\ EXON\ 7KHUHIRUH DOO WKHVH IHDWXUHV DUH ORJLFDOO\ VXE JURXSHG DQG WKHQ WKH VXE JURXSV DUH IXUWKHU JURXSHG LQWR JURXSV FDOOHG OD\HUV (DFK OD\HU KDV DQ LQWHUIDFH ZLWK WKH DGMDFHQW OD\HUV DQG SHUIRUPV VSHFLILF IXQFWLRQV
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
26, 5HIHUHQFH 0RGHO 7KH 26, PRGHO LV EDVHG RQ D SURSRVDO GHYHORSHG E\ WKH ,QWHUQDWLRQDO 6WDQGDUGV 2UJDQL]DWLRQ DV D ILUVW VWHS WRZDUGV LQWHUQDWLRQDO VWDQGDUGL]DWLRQ RI WKH YDULRXV FRPPXQLFDWLRQ IXQFWLRQV DQG VHUYLFHV +HUH FRPPXQLFDWLRQ IXQFWLRQV DUH JURXSHG LQWR ORJLFDO OD\HUV 7KH PRGHO LV FDOOHG WKH ,62 26, ,QWHUQDWLRQDO 6WDQGDUG 2UJDQLVDWLRQ 2SHQ 6\VWHPV ,QWHUFRQQHFWLRQ 5HIHUHQFH 0RGHO EHFDXVH LW GHDOV ZLWK FRQQHFWLQJ RSHQ V\VWHPV ² WKDW LV V\VWHPV WKDW IROORZ WKH VWDQGDUG DUH RSHQ IRU FRPPXQLFDWLRQ ZLWK RWKHU V\VWHPV LUUHVSHFWLYH RI D PDQXIDFWXUHU ,WV PDLQ REMHFWLYHV ZHUH WR DOORZ PDQXIDFWXUHUV RI GLIIHUHQW V\VWHPV WR LQWHUFRQQHFW HTXLSPHQW WKURXJK VWDQGDUG LQWHUIDFHV JOREDOO\ $OORZ VRIWZDUH DQG KDUGZDUH WR LQWHJUDWH ZHOO DQG EH SRUWDEOH RQ GLIIHUHQW V\VWHPV 7KH 26, PRGHO KDV VHYHQ OD\HUV VKRZQ LQ )LJXUH 7KH SULQFLSOHV WKDW ZHUH DSSOLHG WR DUULYH DW WKH VHYHQ OD\HUV DUH DV IROORZV
(DFK OD\HU VKRXOG SHUIRUP D ZHOO GHILQHG IXQFWLRQ
7KH IXQFWLRQ RI HDFK OD\HU VKRXOG EH FKRVHQ ZLWK DQ H\H WRZDUG GHILQLQJ LQWHUQDWLRQDOO\ VWDQGDUGL]HG SURWRFROV
7KH OD\HU ERXQGDULHV VKRXOG EH FKRVHQ WR PLQLPL]H WKH LQIRUPDWLRQ IORZ DFURVV WKH LQWHUIDFHV
$ OD\HU VHUYHV WKH OD\HU DERYH LW DQG LV VHUYHG E\ WKH OD\HU EHORZ LW
7KH VHW RI UXOHV IRU FRPPXQLFDWLRQ EHWZHHQ HQWLWLHV LQ D OD\HU LV FDOOHG SURWRFRO IRU WKDW OD\HU 7KH VHYHQ OD\HUV RI ,62 26, UHIHUHQFH PRGHO DV VKRZQ LQ WKH )LJXUH DUH IROORZLQJ L
3K\VLFDO /D\HU
LL
'DWD /LQN /D\HU
LLL 1HWZRUN /D\HU LY
7UDQVSRUW /D\HU
Y
6HVVLRQ /D\HU
YL
3UHVHQWDWLRQ /D\HU $SSOLFDWLRQ /D\HU
)LJXUH 26, 5HIHUHQFH 0RGHO
D
7KH 3K\VLFDO /D\HU 3K\VLFDO /D\HU GHILQHV IXQFWLRQDO HOHFWULFDO DQG PHFKDQLFDO VSHFLILFDWLRQV RI VLJQDOLQJ FDEOHV DQG FRQQHFWRUV RSWLRQV WKDW SK\VLFDOO\ OLQN WZR QRGHV RQ D QHWZRUN
%DVLFV RI 'DWD &RPPXQLFDWLRQ
&RQFHSWV RI &RPPXQLFDWLRQ DQG 1HWZRUNLQJ
E
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
F
7KH 1HWZRUN /D\HU 7KH QHWZRUN OD\HU HQVXUHV WKDW HDFK SDFNHW WUDYHOV IURP LWV VRXUFHV WR GHVWLQDWLRQ ERWK LQ GLIIHUHQW QHWZRUNV VXFFHVVIXOO\ DQG HIILFLHQWO\ $ NH\ GHVLJQ LVVXH LV GHWHUPLQLQJ KRZ SDFNHWV DUH URXWHG IURP VRXUFH WR GHVWLQDWLRQ 5RXWHV FDQ EH EDVHG RQ VWDWLF WDEOHV WKDW DUH ³ZLUHG LQWR´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
G
7KH 7UDQVSRUW /D\HU 7KH EDVLF IXQFWLRQ RI WKH WUDQVSRUW OD\HU LV WR DFFHSW GDWD IURP WKH VHVVLRQ OD\HU VSOLW LW XS LQWR VPDOOHU XQLWV LI QHHG EH SDVV WKHVH WR WKH QHWZRUN OD\HU DQG HQVXUH WKDW WKH SLHFHV DOO DUULYH FRUUHFWO\ DW WKH RWKHU HQG )XUWKHUPRUH DOO WKLV PXVW EH GRQH HIILFLHQWO\ DQG LQ D ZD\ WKDW LVRODWHV WKH XSSHU OD\HUV IURP WKH LQHYLWDEOH FKDQJHV LQ WKH KDUGZDUH WHFKQRORJ\
7UDQVSRUW /D\HU SURYLGHV ORFDWLRQ DQG PHGLD LQGHSHQGHQW HQG WR HQG GDWD WUDQVIHU VHUYLFH WR VHVVLRQ OD\HU H
7KH 6HVVLRQ /D\HU 7KH PDLQ WDVNV RI WKH VHVVLRQ OD\HU DUH WR SURYLGH x
6HVVLRQ (VWDEOLVKPHQW
x
6HVVLRQ 5HOHDVH ± 2UGHUO\ RU DERUW
x
6\QFKURQL]DWLRQ
x
'DWD ([FKDQJH
x
([SHGLWHG 'DWD ([FKDQJH
7KH VHVVLRQ OD\HU DOORZV XVHUV RQ GLIIHUHQW PDFKLQHV WR HVWDEOLVK VHVVLRQV EHWZHHQ WKHP $ VHVVLRQ DOORZV RUGLQDU\ GDWD WUDQVSRUW DV GRHV WKH WUDQVSRUW OD\HU EXW LW DOVR SURYLGHV HQKDQFHG VHUYLFHV XVHIXO LQ VRPH DSSOLFDWLRQV $ VHVVLRQ PLJKW EH XVHG WR DOORZ D XVHU WR ORJ LQWR D UHPRWH WLPHVKDULQJ V\VWHP RU WR WUDQVIHU D ILOH EHWZHHQ WZR PDFKLQHV 2QH RI WKH VHUYLFHV RI WKH VHVVLRQ OD\HU LV WR PDQDJH GLDORJXH FRQWURO 6HVVLRQV FDQ DOORZ WUDIILF WR JR LQ ERWK GLUHFWLRQV DW WKH VDPH WLPH RU LQ RQO\ RQH GLUHFWLRQ DW D WLPH ,I WUDIILF FDQ RQO\ JR RQH ZD\ DW D WLPH DQDORJRXV WR D VLQJOH UDLOURDG WUDFN WKH VHVVLRQ OD\HU FDQ KHOS LQ NHHSLQJ WUDFN RI ZKRVH WXUQ LW LV
$ UHODWHG VHVVLRQ VHUYLFH LV WRNHQ PDQDJHPHQW )RU VRPH SURWRFROV LW LV HVVHQWLDO WKDW ERWK VLGHV GR QRW DWWHPSW WKH VDPH RSHUDWLRQ DW WKH VDPH WLPH 7R PDQDJH WKHVH DFWLYLWLHV WKH VHVVLRQ OD\HU SURYLGHV WRNHQV WKDW FDQ EH H[FKDQJHG 2QO\ WKH VLGH KROGLQJ WKH WRNHQ PD\ SHUIRUP WKH GHVLUHG RSHUDWLRQ
$QRWKHU VHVVLRQ VHUYLFH LV V\QFKURQL]DWLRQ &RQVLGHU WKH SUREOHP WKDW PLJKW RFFXU ZKHQ WU\LQJ WR GR D KRXU ILOH WUDQVIHU EHWZHHQ WZR PDFKLQHV ZLWK D RQH KRXU PHDQ WLPH EHWZHHQ FUDVKHV $IWHU HDFK WUDQVIHU ZDV DERUWHG WKH ZKROH WUDQVIHU ZRXOG KDYH WR VWDUW RYHU DJDLQ DQG ZRXOG SUREDEO\ IDLO DJDLQ WKH QH[W WLPH DV ZHOO 7R HOLPLQDWH WKLV SUREOHP WKH VHVVLRQ OD\HU SURYLGHV D ZD\ WR LQVHUW PDUNHUV DIWHU WKH DSSURSULDWH FKHFNSRLQWV I
7KH 3UHVHQWDWLRQ /D\HU 8QOLNH DOO WKH ORZHU OD\HUV ZKLFK DUH MXVW LQWHUHVWHG LQ PRYLQJ ELWV UHOLDEO\ IURP KHUH WR WKHUH WKH SUHVHQWDWLRQ OD\HU LV FRQFHUQHG ZLWK WKH V\QWD[ DQG VHPDQWLFV RI WKH LQIRUPDWLRQ WUDQVPLWWHG
$ W\SLFDO H[DPSOH RI D SUHVHQWDWLRQ VHUYLFH LV HQFRGLQJ GDWD LQ D VWDQGDUG DJUHHG XSRQ IRUPDW 0RVW XVHU SURJUDPV GR QRW H[FKDQJH UDQGRP ELQDU\ ELW VWULQJV WKH\ H[FKDQJH WKLQJV VXFK DV SHRSOH¶V QDPHV GDWHV DPRXQWV RI PRQH\ DQG LQYRLFHV 7KHVH LWHPV DUH UHSUHVHQWHG DV FKDUDFWHU VWULQJV LQWHJHUV IORDWLQJ SRLQW QXPEHU DQG GDWD VWUXFWXUHV FRPSRVHG RI VHYHUDO VLPSOHU LWHPV 'LIIHUHQW FRPSXWHUV KDYH GLIIHUHQW FRGHV IRU UHSUHVHQWLQJ FKDUDFWHU VWULQJV H J $6&,, DQG 8QLFRGH LQWHJHUV H J RQH¶V FRPSOHPHQW DQG WZR¶V FRPSOHPHQW DQG VR RQ ,Q RUGHU WR PDNH LW SRVVLEOH IRU FRPSXWHUV ZLWK GLIIHUHQW UHSUHVHQWDWLRQV WR FRPPXQLFDWH WKH GDWD VWUXFWXUH WR EH H[FKDQJHG FDQ EH GHILQHG LQ DQ DEVWUDFW ZD\ DORQJ ZLWK D VWDQGDUG HQFRGLQJ WR EH XVHG 7KH SUHVHQWDWLRQ OD\HU PDQDJHV WKHVH DEVWUDFW GDWD VWUXFWXUH DQG FRQYHUWV IURP WKH UHSUHVHQWDWLRQ XVHG LQVLGH WKH FRPSXWHU WR WKH QHWZRUN VWDQGDUG UHSUHVHQWDWLRQ DQG EDFN ,W DOVR SHUIRUPV WKH WDVN RI HQFU\SWLRQ DQG GHFU\SWLRQ J
$SSOLFDWLRQ /D\HU $SSOLFDWLRQ /D\HU VXSSRUWV IXQFWLRQV WKDW FRQWURO DQG VXSHUYLVH 26, DSSOLFDWLRQ SURFHVVHV VXFK DV VWDUW PDLQWDLQ VWRS DSSOLFDWLRQ DOORFDWH GHDOORFDWH 26, UHVRXUFHV DFFRXQWLQJ FKHFN SRLQW DQG UHFRYHULQJ ,W DOVR VXSSRUWV UHPRWH MRE H[HFXWLRQ ILOH WUDQVIHU SURWRFRO PHVVDJH WUDQVIHU DQG YLUWXDO WHUPLQDO
(QFDSVXODWLRQ (QFDSVXODWLRQ LV D WHFKQLTXH RI LPSOHPHQWLQJ OD\HUHG DUFKLWHFWXUH RI D FRPPXQLFDWLRQ V\VWHP ,Q 26, PRGHO ZH KDYH VHSDUDWHG DOO WKH FRPPXQLFDWLRQ IXQFWLRQV VHUYLFHV LQWR VHYHQ OD\HUV :H NQRZ WKDW D OD\HU VHUYHV WKH OD\HU DERYH LW DQG LV VHUYHG E\ WKH OD\HU EHORZ LW VR WR PDNH LW SRVVLEOH HQFDSVXODWLRQ WHFKQLTXHV LV IROORZHG IRU VHQGLQJ UHFHLYLQJ GDWD EHWZHHQ DQG WKURXJK OD\HUV ,Q HQFDSVXODWLRQ ZH DGG VRPH FRQWURO LQIRUPDWLRQ RU ³+HDGHU 7UDLOHU´ WR D 'DWD 8QLW E\ D FRPPXQLFDWLRQV SURWRFRO 7KLV GDWD DORQJ ZLWK KHDGHU WUDLOHU LV NQRZQ DV 3URWRFRO 'DWD 8QLW 3'8 7KLV KHDGHU WUDLOHU DFWXDOO\ FUHDWHV DQ HQYHORSH IRU WKH 3'8 ZKLFK KDV LWV DGGUHVV DQG DGGUHVVHH
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
%DVLFV RI 'DWD &RPPXQLFDWLRQ
&RQFHSWV RI &RPPXQLFDWLRQ DQG 1HWZRUNLQJ
+HDGHU
+HDGHU /D\HU 'DWD
/D\HU
7UDLOHU
/D\HU +HDGHU
+HDGHU
7UDLOHU
/D\HU 3'8
/D\HU
7UDLOHU
/D\HU 3'8
/D\HU 1 3'8
7UDLOHU
/D\HU 1 &KDQQHO
)LJXUH (QFDSVXODWLRQ
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³FRPSOHWHO\ DQG FRUUHFWO\ LPSOHPHQWHG DW WKH HQG KRVWV 7KH EDVLF FRQFHSW EHKLQG WKH HQG WR HQG SULQFLSOH LV WKDW IRU WZR SURFHVVHV FRPPXQLFDWLQJ ZLWK HDFK RWKHU YLD VRPH FRPPXQLFDWLRQ FKDQQHO WKH UHOLDELOLW\ REWDLQHG IURP WKDW PHDQV FDQQRW EH H[SHFWHG WR EH DEVROXWHO\ DVVRFLDWHG ZLWK WKH UHOLDELOLW\ UHTXLUHPHQWV RI WKH SURFHVVHV 7R EH VSHFLILF ZH FDQ VD\ REWDLQLQJ D YHU\ KLJK µUHOLDELOLW\¶ UHTXLUHPHQWV RI FRPPXQLFDWLQJ SURFHVVHV LQ D VPDOO QHWZRUN LV PRUH FRVWO\ WKDQ REWDLQLQJ WKDW µUHOLDELOLW\¶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
3URWRFRO 'HVLJQ ,VVXHV
)RU FRPPXQLFDWLRQ WR WDNH SODFH SURWRFROV KDYH WR EH DJUHHG XSRQ 'DWD DUH VHQW DQG UHFHLYHG RQ FRPPXQLFDWLQJ V\VWHPV WR HVWDEOLVK FRPPXQLFDWLRQV 3URWRFROV VKRXOG WKHUHIRUH VSHFLI\ UXOHV JRYHUQLQJ WKH WUDQVPLVVLRQ ,Q JHQHUDO WKH IROORZLQJ LVVXHV VKRXOG EH DGGUHVVHG IRU GHVLJQLQJ WKHVH SURWRFROV x 'DWD IRUPDWV 7KH IRUPDW RI GDWD VKRXOG EH ZHOO GHILQHG KRZ WKH ELW VWULQJV DUH GLYLGHG LQ ILHOGV DQG LQ ZKLFK IRUPDW +HUH WKH SDFNHW VL]H DQG IRUPDW 3'8 IRUPDW KHDGHU VL]H DQG IRUPDW VKRXOG EH GHILQHV SURSHUO\ IRU SURSHU FRPPXQLFDWLRQ /HW XV DVVXPH D SRVWDO V\VWHP LQ ZKLFK ZH VSHFLI\ ZKHUH WKH DGGUHVV RI VHQGHU UHFHLYHU VKRXOG EH ZULWWHQ 'LIIHUHQW NLQG RI OHWWHUV DUH UHSUHVHQWHG E\ GLIIHUHQW PHWKRGV OLNH VSHHG SRVW WHOHJUDSK UHJLVWHUHG SRVW ERRN SRVW SRVW FDUG HWF x
$GGUHVV IRUPDWV $GGUHVVHV DUH XVHG WR UHFRJQL]H ERWK WKH VHQGHU DQG WKH SURSRVHG UHFHLYHU 0RVWO\ DGGUHVVHV DOVR D ELW VWULQJ DUH VWXIIHG LQ WKH KHDGHU ILHOG RI WKH SDFNHW WR ILQG ZKHWKHU WKH SDFNHW GDWD DUH LQWHQGHG IRU VRPHRQH RU QRW 7KH UXOHV H[SODLQLQJ WKH SXUSRVH RI WKH DGGUHVV YDOXH DUH FDOOHG DQ DGGUHVVLQJ VFKHPH )RU H[DPSOH LQ WKH SRVWDO V\VWHP WKH PHWKRG DQG VHTXHQFH RI ZULWLQJ DQ DGGUHVV LV ZHOO IRUPXODWHG OLNH QDPH IDWKHU V QDPH KRXVH QXPEHU VWUHHW FLW\ FRXQWU\ SLQ FRGH HWF
x
$GGUHVV PDSSLQJ 6RPHWLPHV SURWRFROV QHHG WR PDS DGGUHVVHV RI RQH VFKHPH RQ DGGUHVVHV RI DQRWKHU VFKHPH :KHQ WKH DGGUHVV IRUPDWV DUH GLIIHUHQW WKDQ PDSSLQJ LV QHHGHG )RU H[DPSOH SK\VLFDO DGGUHVV RI D FRPSXWHU QHHG WR EH PDSSHG ZLWK QHWZRUN DGGUHVV RI D FRPSXWHU
x
5RXWLQJ :KHQ V\VWHPV DUH QRW GLUHFWO\ FRQQHFWHG LQWHUPHGLDU\ V\VWHPV DORQJ WKH URXWH WR WKH LQWHQGHG UHFHLYHU V QHHG WR IRUZDUG PHVVDJHV RQ EHKDOI RI WKH VHQGHU ,Q WKH SRVWDO V\VWHP ZH FDQ VHH WKH SRVW RIILFHV DUH VHOHFWLQJ DQG VRUWLQJ WKH OHWWHU DFFRUGLQJ WR WKH JLYHQ DGGUHVVHV
x
$FNQRZOHGJHPHQWV 6FKHPH ,Q FRQQHFWLRQ RULHQWHG FRPPXQLFDWLRQ FRPPXQLFDWLRQ V\VWHPV ZKHUH FRQQHFWLRQ LV QRW HVWDEOLVKHG EHIRUH FRPPXQLFDWLRQ OLNH HPDLO RU 606 DFNQRZOHGJHPHQW RI FRUUHFW UHFHSWLRQ RI SDFNHWV LV UHTXLUHG $FNQRZOHGJHPHQWV DUH VHQW IURP UHFHLYHUV EDFN WR WKHLU UHVSHFWLYH VHQGHUV LQ WKH VDPH ZD\ RI UHJLVWHUHG SRVWV FRQQHFWLRQ RULHQWHG FRPPXQLFDWLRQ HQVXUH WKH UHOLDELOLW\ E\ DFNQRZOHGJHPHQW
x
'DWD /RVV DQG GDPDJH 7KHUH LV D SRVVLELOLW\ WKDW GDWD LV ORVW RU JHW FRUUXSWHG FKDQJHG IURP WR RU YLFH YHUVD 7R DGGUHVV WKH GDWD ORVV SURWRFROV PD\ LPSOHPHQW DFNQRZOHGJHPHQW VFKHPH 3URWRFROV PD\ XVH WLPHRXW PHFKDQLVP LQ ZKLFK LI GDWD LV QRW UHFHLYHG ZLWKLQ D WLPH IUDPH VHQGHU LV UHTXHVWHG WR UHWUDQVPLW WKH GDWD ,I GDWD LV FRUUXSWHG GLIIHUHQW HUURU FRUUHFWLRQ DQG GHWHFWLRQ PHFKDQLVPV FDQ EH XVHG
x
6HTXHQFH FRQWURO ,Q WKLV ZH ZDQWV WR HQVXUH WKDW WKH SDFNHWV FKXQN RI ELWV DUH UHFHLYHG LQ D FRUUHFW VHTXHQFH RU QRW 7KH SDFNHWV DUH VHQW RQ WKH QHWZRUN LQGLYLGXDOO\ VR VRPH SDFNHWV PD\ JHW ORVW RU GHOD\HG RU WDNH GLIIHUHQW URXWHV WR WKHLU GHVWLQDWLRQ RQ VRPH W\SHV RI QHWZRUNV $V D UHVXOW SLHFHV PD\ DUULYH RXW RI VHTXHQFH QHFHVVDU\ VFKHPH VKRXOG EH LPSOHPHQWHG IRU UHWUDQVPLVVLRQV DQG UHDVVHPEOH WKH SDFNHWV LQ ULJKW RUGHU WR JHW WKH RULJLQDO PHVVDJH
x
)ORZ FRQWURO LV QHHGHG ZKHQ WKH VHQGHU WUDQVPLWV IDVWHU WKDQ WKH UHFHLYHU FDQ SURFHVV WKH WUDQVPLVVLRQV )ORZ FRQWURO FDQ EH LPSOHPHQWHG E\ YDULRXV VFKHPHV ZKLFK \RX ZLOO VWXG\ IXUWKHU LQ WKH FRXUVH
$33/,&$7,216 2) &20387(5 1(7:25.,1*
7KH PDLQ UHDVRQ LV WKDW HDFK FRPSXWHU QHWZRUN LV GHVLJQHG ZLWK D VSHFLILF SXUSRVH 'XH WR DGYDQFHPHQW LQ &RPSXWHU 1HWZRUNV ILHOG ZH DUH QRZ PRYLQJ IURP SHUVRQDOL]HG
%DVLFV RI 'DWD &RPPXQLFDWLRQ
&RQFHSWV RI &RPPXQLFDWLRQ DQG 1HWZRUNLQJ
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x
&DPSXV ZLGH FRPSXWLQJ DQG UHVRXUFHV VKDULQJ
x
&ROODERUDWLYH UHVHDUFK DQG GHYHORSPHQW
x
,QWHJUDWHG V\VWHP IRU GHVLJQ PDQXIDFWXULQJ LQYHQWRU\
x
(OHFWURQLF FRPPHUFH SXEOLVKLQJ DQG GLJLWDO OLEUDULHV
x
0XOWLPHGLD FRPPXQLFDWLRQ WHOH WUDLQLQJ HWF
x
+HDOWK FDUH GHOLYHU\ UHPRWH GLDJQRVLV WHOHPHGLFLQH
x
9LGHR RQ GHPDQG
x
2Q OLQH OHDUQLQJ
) &KHFN <RXU 3URJUHVV
([SODLQ WKH QHHG RI OD\HULQJ LQ WKH GDWD FRPPXQLFDWLRQ SURWRFROV VWDFN «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
/LVW DQG H[SODLQ DQ\ WZR IXQFWLRQV RI HDFK 26, OD\HU «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
6800$5<
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
5()(5(1&(6 )857+(5 5($',1*
&RPSXWHU 1HWZRUNV $ 6 7DQHQEDXP WK (GLWLRQ 3UDFWLFH +DOO RI ,QGLD 1HZ 'HOKL
,QWURGXFWLRQ WR 'DWD &RPPXQLFDWLRQ 1HWZRUNLQJ UG (GLWLRQ %HKURX] )RURX]DQ 7DWD 0F*UDZ +LOO
&RPSXWHU 1HWZRUNLQJ - ) .XURVH . : 5RVV $ 7RS 'RZQ $SSURDFK )HDWXULQJ WKH ,QWHUQHW 3HDUVRQ (GLWLRQ
&RPPXQLFDWLRQV 1HWZRUNV /HRQ *DUFLD DQG :LGMDMD 7DWD 0F*UDZ +LOO
'DWD DQG &RPSXWHU &RPPXQLFDWLRQV :LOOLDQ 6WDOOLQJV WK (GLWLRQ 3HDUVRQ (GXFDWLRQ 1HZ 'HOKL
ZZZ ZLNLSHGLD RUJ
/DUU\ / 3HWHUVRQ &RPSXWHU 1HWZRUNV $ 6\VWHPV $SSURDFK UG (GLWLRQ 7KH 0RUJDQ .DXIPDQQ 6HULHV LQ 1HWZRUNLQJ
62/87,216 $16:(56
) &KHFN <RXU 3URJUHVV
)ROORZLQJ DUH WKH HVVHQWLDO HOHPHQWV RI FRPPXQLFDWLRQ V\VWHP D
,QIRUPDWLRQ VRXUFH 6RXUFH WKDW SURGXFHV D PHVVDJH
E
7UDQVPLWWHU $Q HOHPHQW WKDW IXQFWLRQV RQ WKH PHVVDJH WR JHQHUDWH D VLJQDO ZKLFK FDQ EH GHOLYHUHG WKURXJK D PHGLXP FKDQQHO
F
&RPPXQLFDWLRQ &KDQQHO WKDW LV WKH PHGLXP RYHU ZKLFK WKH VLJQDO FDUU\LQJ WKH LQIRUPDWLRQ WKDW FRPSRVHV WKH PHVVDJH LV VHQW
G
5HFHLYHU $Q HOHPHQW FRQYHUWV WKH VLJQDO EDFN LQWR WKH LQWHQGHG PHVVDJH
%DVLFV RI 'DWD &RPPXQLFDWLRQ
H
&RQFHSWV RI &RPPXQLFDWLRQ DQG 1HWZRUNLQJ
'HVWLQDWLRQ ,W FDQ EH D SHUVRQ PDFKLQH IRU ZKRP ZKLFK WKH PHVVDJH LV LQWHQGHG
'LDJUDP 6KDQQRQ V GLDJUDP RI D JHQHUDO FRPPXQLFDWLRQV V\VWHP
+HUH WKH QRLVH LV FRQVLGHUHG DV DQ HUURU RU XQGHVLUHG GLVWXUEDQFH RFFXUV GXULQJ WKH WUDQVPLVVLRQ EHIRUH UHFHLYHU DQG DIWHU WUDQVPLWWHU IURP QDWXUDO DQG VRPHWLPHV PDQ PDGH VRXUFHV )ROORZLQJ DUH VRPH GLIIHUHQFHV EHWZHHQ DQDORJ DQG GLJLWDO FRPPXQLFDWLRQ
$QDORJ
'LJLWDO
6LJQDOV DUH UHFRUGV ZDYHIRUPV DV WKH\ DUH 6LJQDO RFFXSLHV WKH VDPH RUGHU RI VSHFWUXP DV WKH DQDORJ GDWD
&RQYHUWV DQDORJ ZDYHIRUPV LQWR VHW RI QXPEHUV DQG UHFRUGV WKHP 7KH QXPEHUV DUH FRQYHUWHG LQWR YROWDJH VWUHDP IRU UHSUHVHQWDWLRQ ,Q FDVH RI ELQDU\ LW LV FRQYHUWHG LQ ¶V DQG ¶V
,Q DQDORJ V\VWHPV HOHFWURQLF FLUFXLWV DUH XVHG IRU WUDQVIRUPDWLRQ RI VLJQDOV
,Q WKLV WUDQVIRUPDWLRQ LV GRQH XVLQJ ORJLF FLUFXLWV
$ERXW 1RLVH DQDORJ VLJQDOV DUH PRUH OLNHO\ WR JHW DIIHFWHG DQG UHVXOWV LQ UHGXFLQJ DFFXUDF\
'LJLWDO VLJQDOV DUH OHVV DIIHFWHG EHFDXVH QRLVH UHVSRQVH DUH DQDORJ LQ QDWXUH
'DWD WUDQVPLVVLRQ LV QRW RI KLJK TXDOLW\
'DWD WUDQVPLVVLRQ KDV KLJK TXDOLW\
) &KHFN <RXU 3URJUHVV
)ROORZLQJ DUH WKH PDLQ GLIIHUHQFHV EHWZHHQ 6\QFKURQRXV DQG DV\QFKURQRXV WUDQVPLVVLRQ $V\QFKURQRXV WUDQVPLVVLRQ KDV IROORZLQJ DGYDQWDJHV DQG GLVDGYDQWDJHV x
(DFK LQGLYLGXDO FKDUDFWHU LV FRPSOHWH XQLW KHQFH LI WKHUH LV DQ HUURU LQ D FKDUDFWHU RWKHU VHTXHQFH RI FKDUDFWHUV DUH QRW DIIHFWHG +RZHYHU (UURU LQ VWDUW DQG VWRS ELW V PD\ FDXVH VHULRXV SUREOHPV LQ GDWD WUDQVIHU
x
'RHVQ W UHTXLUH V\QFKURQL]DWLRQ RI ERWK FRPPXQLFDWLRQ VLGHV
x
,W LV FRVW HIIHFWLYH
x
7KH VSHHG RI WUDQVPLVVLRQ LV OLPLWHG
x
/DUJH UHODWLYH RYHUKHDG D KLJK SURSRUWLRQ RI WKH WUDQVPLWWHG ELWV DUH XQLTXHO\ IRU FRQWURO SXUSRVHV
6\QFKURQRXV WUDQVPLVVLRQ KDV IROORZLQJ DGYDQWDJHV DQG GLVDGYDQWDJHV
x
,Q FRPSDULVRQ WR DV\QFKURQRXV FRPPXQLFDWLRQ LW KDV KLJKHU VSHHGV EHFDXVH WKH V\VWHP KDV OHVVHU SRVVLELOLW\ RI HUURU %XW LI DQ HUURU WDNHV SODFH WKH FRPSOHWH VHW RI GDWD LV ORVW LQVWHDG RI D VLQJOH FKDUDFWHU
x
6HULDO V\QFKURQRXV WUDQVPLVVLRQ LV SULQFLSDOO\ XVHG IRU KLJK VSHHG FRPPXQLFDWLRQ EHWZHHQ FRPSXWHUV EXW LV XQVXLWDEOH ZKHUH WKH FKDUDFWHUV DUH WUDQVIHUUHG DW LUUHJXODU LQWHUYDOV
x
/RZHU RYHUKHDG DQG WKXV JUHDWHU WKURXJKSXW
x
3URFHVV LV PRUH FRPSOH[
x
,W LV QRW YHU\ FRVW HIIHFWLYH DV KDUGZDUH DUH PRUH H[SHQVLYH
)ROORZLQJ DUH WKH H[DPSOH IRU HDFK x
6LPSOH[ FRPPXQLFDWLRQ 5DGLR 7HOHYLVLRQ %URDGFDVWLQJ 6\VWHP
x
KDOI GXSOH[ FRPPXQLFDWLRQ ZDON\ WDON\ 6\VWHP
x
IXOO GXSOH[ FRPPXQLFDWLRQ 0RELOH RU WHOHSKRQH V\VWHP
) &KHFN <RXU 3URJUHVV
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
/LVW DQG H[SODLQ DQ\ WZR IXQFWLRQV RI HDFK 26, OD\HU 7KH VHYHQ OD\HUV RI ,62 26, UHIHUHQFH PRGHO DUH L
3K\VLFDO /D\HU
LL
'DWD /LQN /D\HU
LLL 1HWZRUN /D\HU LY
7UDQVSRUW /D\HU
Y
6HVVLRQ /D\HU
YL
3UHVHQWDWLRQ /D\HU
YLL $SSOLFDWLRQ /D\HU D
E
7KH 3K\VLFDO /D\HU x
3K\VLFDO /D\HU GHILQHV HOHFWULFDO DQG PHFKDQLFDO VSHFLILFDWLRQV RI FDEOHV DQG FRQQHFWRUV
x
6SHFLI\ VLJQDOLQJ RSWLRQV IRU VHQGLQJ FRQWURO LQIRUPDWLRQ EHWZHHQ WZR QRGHV RQ D QHWZRUN
7KH 'DWD /LQN /D\HU x
7KH PDLQ WDVN RI WKH GDWD OLQN OD\HU LV WR SURYLGH HUURU IUHH WUDQVPLVVLRQ
%DVLFV RI 'DWD &RPPXQLFDWLRQ
&RQFHSWV RI &RPPXQLFDWLRQ DQG 1HWZRUNLQJ
x
F
G
H
I
J
7KH GDWD OLQN OD\HU FUHDWHV DQG UHFRJQLVHV IUDPH ERXQGDULHV 7KLV FDQ EH DFFRPSOLVKHG E\ DWWDFKLQJ VSHFLDO ELW SDWWHUQV WR WKH EHJLQQLQJ DQG HQG RI WKH IUDPH
7KH 1HWZRUN /D\HU x
7KH QHWZRUN OD\HU HQVXUHV WKDW HDFK SDFNHW WUDYHOV IURP LWV VRXUFHV WR GHVWLQDWLRQ VXFFHVVIXOO\ DQG HIILFLHQWO\ ,W GHWHUPLQLQJ KRZ SDFNHWV DUH URXWHG IURP VRXUFH WR GHVWLQDWLRQ
x
$GGUHVVLQJ LV DQRWKHU LPSRUWDQW WDVN RI WKLV OD\HU 7KH DGGUHVVLQJ XVHG E\ WKH VHFRQG QHWZRUN PD\ EH GLIIHUHQW IURP WKH ILUVW RQH 7KH VHFRQG QHWZRUN PD\ QRW DFFHSW WKH SDFNHW DW DOO EHFDXVH LW LV WRR ODUJH 7KH SURWRFROV PD\ GLIIHU DQG VR RQ ,W LV XS WR WKH QHWZRUN OD\HU WR RYHUFRPH DOO WKHVH SUREOHPV WR DOORZ KHWHURJHQHRXV QHWZRUNV WR EH LQWHUFRQQHFWHG
7KH 7UDQVSRUW /D\HU x
7KH EDVLF IXQFWLRQ RI WKH WUDQVSRUW OD\HU LV WR DFFHSW GDWD IURP WKH VHVVLRQ OD\HU VSOLW LW XS LQWR VPDOOHU XQLWV LI QHHG EH SDVV WKHVH WR WKH QHWZRUN OD\HU DQG WR HQVXUH WKDW WKH SLHFHV DOO DUULYH FRUUHFWO\ DW WKH RWKHU HQG
x
7UDQVSRUW /D\HU SURYLGHV ORFDWLRQ DQG PHGLD LQGHSHQGHQW HQG WR HQG GDWD WUDQVIHU VHUYLFH WR VHVVLRQ DQG XSSHU OD\HUV
7KH 6HVVLRQ /D\HU x
6HVVLRQ (VWDEOLVKPHQW DQG 6HVVLRQ 5HOHDVH ± 2UGHUO\ RU DERUW
x
6\QFKURQL]DWLRQ 'DWD ([FKDQJH DQG ([SHGLWHG 'DWD ([FKDQJH
7KH 3UHVHQWDWLRQ /D\HU x
3UHVHQWDWLRQ OD\HU LV FRQFHUQHG ZLWK WKH V\QWD[ DQG VHPDQWLFV RI WKH LQIRUPDWLRQ WUDQVPLWWHG
x
7KH SUHVHQWDWLRQ OD\HU PDQDJHV WKHVH DEVWUDFW GDWD VWUXFWXUH DQG FRQYHUWV IURP WKH UHSUHVHQWDWLRQ XVHG LQVLGH WKH FRPSXWHU WR WKH QHWZRUN VWDQGDUG UHSUHVHQWDWLRQ DQG EDFN
$SSOLFDWLRQ /D\HU x
$SSOLFDWLRQ /D\HU VXSSRUWV IXQFWLRQV WKDW FRQWURO DQG VXSHUYLVH 26, DSSOLFDWLRQ SURFHVVHV VXFK DV VWDUW PDLQWDLQ VWRS DSSOLFDWLRQ DOORFDWH GHDOORFDWH 26, UHVRXUFHV DFFRXQWLQJ FKHFN SRLQW DQG UHFRYHULQJ
x
,W DOVR VXSSRUWV UHPRWH MRE H[HFXWLRQ ILOH WUDQVIHU SURWRFRO PHVVDJH WUDQVIHU DQG YLUWXDO WHUPLQDO
1234-56-47819:4372-:28-.2;7832<=*>7/*7>?@-
1CDE FGHIJKLMHNJG## 1COE PQRSMHNTSU## 1C1E VSSK#WJI#XJKLYZHNJG### 1C[E XJKLYZHNJG## 1C]E ^_`YNHLKS#XJKLYZHNJG## 1C2E bIScLSGMd#XJKLYZHNJG# 1C\E fgZUS#XJKLYZHNJG## 1CaE hNiNHZY#jJ__LGNMZHNJG## 1CkE hNiNHZY#XJKLYZHNJG#lSMgGNcLSU# 1CeE ^_`YNHLKS#mgNWH#nSdNGi#o^mnp# 1CODEbIScLSGMd#mgNWH#nSdNGi# 1COOEfgZUS#mgNWH#nSdNGi## 1CO1EmL__ZId## 1CO[EqSWSISGMSUrbLIHgSI#qSZKNGi# 1CO]EmJYLHNJGUr^GUsSIU#
5Bt- 324u781;4372--
A90?-25B12# 12# 12# 1\# 1a# 1e# [O# [[# [2# [2# [\# [a# [e# [e# [e#
vYSMHIJGNM#MJ__LGNMZHNJG#gZU#QSMJ_S#ZG#ZGZYJid#WJI#HgS#MJ__LGNMZHNJG#NG#HgS# `ISUSGH#SIZ#JW#SYSMHIJGNM#iZKiSHUC#^U#Z#iSGSIZY#MJGMS`Hw#sS#MZG#UZd#HgZH#HIZGUWSI#JW# NGWJI_ZHNJG#WIJ_#JGS#`YZMS#HJ#ZGJHgSI#NU#MJ__LGNMZHNJGC#^#UNiGNWNMZGH#`JNGH#ZQJLH# MJ__LGNMZHNJG#NU#HgZH#NH#NGTJYTSU#Z#USGKSI#oHIZGU_NHHSIp#ZGK#Z#ISMSNTSIC#PGYd#Z#USGKSI# JI#Z#ISMSNTSI#MZG#GJH#MJ_`YSHS#HgS#`IJMSUU#JW#MJ__LGNMZHNJGC#lgSISWJIS#KLZY#`IJMSUU# JW#xHIZGU_NHHNGi#ZGK#ISMSNTNGiy#JI#xMJKNGi#ZGK#KSMJKNGiy#NGWJI_ZHNJG#MZG#QS#MZYYSK#ZU# MJ__LGNMZHNJG#_ZzNGi#NH#Z#HsJ#sZd#`IJMSUUC#FG#HgNU#LGNH#sS#sNYY#KNUMLUU#ZQJLH# KNWWSISGH#_JKLYZHNJG#ZGK#SGMJKNGi#HSMgGNcLSUC##FG#HgNU#LGNH#QJHg#ZGZYJi#ZGK#KNiNHZY# _JKLYZHNJG#sNYY#QS#KNUMLUUSKC#bLIHgSIw#HgNU#LGNH#sS#sNYY#S{`YJIS#gJs#ZGZYJi#UNiGZY#ZIS# MJGTSIHSK#NGHJ#KNiNHZY#UdUHS_#ZGK#TNMS|TSIUZC#
5B}~ 7 .;43 .=--
^WHSI#iJNGi#HgIJLig#HgNU#LGNHw#dJL#UgJLYK#QS#ZQYS#HJ # E nGJs#HgS#MJGMS`H#JW#_JKLYZHNJG# E GKSIUHZGK#HgS#KNWWSISGH#^GZYJi#XJKLYZHNJG#HSMgGNcLSU# E hNWWSISGHNZHS#QSHsSSG#ZGZYJi#ZGK#KNiNHZY#_JKLYZHNJG# E nGJs#`IJMSUU#JW#ZGZYJi#HJ#KNiNHZY#UNiGZY#MJGTSIUNJG# E GKSIUHZGK#HgS#UZ_`YNGi#ZGK#cLZGHN ZHNJG#`IJMSUU# E nGJs#HgS#KNiNHZY#HJ#ZGZYJi#UNiGZY#MJGTSIUNJG#`IJMSUU# E GKSIUHZGK#HgS#hNiNHZY#XJKLYZHNJG#HSMgGNcLSU#
5B5~ 2..8- 7u-47819:4372---
VJI_ZY#MJ__LGNMZHNJG#UNiGZYU#YJJUS#UHISGiHg#ZU#HgSd#HIZTSY#HJ#HgS#YZIiS#KNUHZGMSUC# SGMSw#sS#JWHSG#HIZGU_NH#HgS#UNiGZYU#HgIJLig#SYSMHIJ_ZiGSHNM#sZTSU#ZGK#sS#LUS# ZGHSGGZU#HJ#ISMJTSI#HgS_#ZH#Z#IS_JHS#`JNGHC##lJ#USGK#HIZGU_NHHNGi#_SUUZiS#UNiGZYU# SWWSMHNTSYd#WJI#YJGi#KNUHZGMSUw#sS#LUS#XJKLYZHNJGC#^H#HgS#ISMSNTSI#SGKw#ZWHSI#ISMSNTNGi# HgS#UNiGZYw#sS#GSSK#HJ#x_JTSy#HgS_#QZMz#HJ#HgS#JINiNGZY#WIScLSGMd#QZGK#oQZUSQZGKp# HgIJLig#KS_JKLYZHNJGC#lgSISWJISw#sS#MZG#USS#HgS#_JKLYZHNJG#HZUz#ZU#xiNTNGi#sNGiUy# 12#
456789*+5,-9,6.,/56+,0-
456789*+,5-, 45../6071*056,162, 38*4556067, ,
89#8:;#<=>9?@A8<9=#@;BBAC;D#E9F;G;?H#8:;#9?<C<=AI#<=>9?@A8<9=#<B#?;8?<;G;J#A8#8:;# ?;K;<G;?#;=JD##
LMNO PQRSTUVWQ3,,
X>8;=H#8:;#@;BBAC;#Y;<=C#K9@@Z=<KA8;J#<B#<8B;I>#A#B<C=AIH#;DCDH#A=#AZJ<9#B<C=AIH#A=J#89# [?9JZK;#A#B<C=AI#8:A8#<B#BZ<8AYI;#>9?#8?A=B@<BB<9=#8:?9ZC:#8:;#K:A==;IH#F;#;>>;K8#B9@;# 8?A=B>9?@A8<9=#9=#8:;#@;BBAC;#B<C=AID##\9JZIA8<9=#<B#8:;#]?9K;BB#Y^#F:<K:#A#[?9[;?8^# 9?#A#[A?A@;8;?#9>#A#B<C=AI#<B#GA?<;J#<=#[?9[9?8<9=#89#A=98:;?#B<C=AID#_:;#9?<C<=AI#B<C=AI# <B#=9?@AII^#?;>;??;J#AB#8:;#@9JZIA8<=C#B<C=AI#A=J#8:;#:<C:#>?;`Z;=K^#B<C=AIH#F:9B;# [?9[;?8<;B#A?;#K:A=C;JH#<B#?;>;??;J#AB#8:;#KA??<;?#B<C=AID#_:;#?;BZI8<=C#B<C=AI#<B#><=AII^# ?;>;??;J#AB#8:;#@9JZIA8;J#B<C=AID## # a9?#;bA@[I;#<=#KAB;#9>#8:;#A@[I<8ZJ;#@9JZIA8<9=H#8:;#A@[I<8ZJ;#9>#8:;#KA??<;?#FAG;#<B# GA?<;J#<=#AKK9?JA=K;#F<8:#8:;#A@[I<8ZJ;#9>#8:;#@;BBAC;#B<C=AIH#F:;?;AB#<=#8:;#A=CI;# @9JZIA8<9=H#[:AB;#A=CI;#9>#8:;#KA??<;?#<B#GA?<;J#F<8:#?;B[;K8#89#8:;#@;BBAC;#B<C=AID# c868-0*+,5-,P52/d1*056,,, eDf \9JZIA8<9=#KA=#B:<>8#8:;#>?;`Z;=K^#B[;K8?Z@#9>#A#@;BBAC;#B<C=AI#<=89#A#YA=J# F:<K:#<B#Y;88;?#BZ<8;J#89#8:;#K:A==;ID#g=8;==AB#9=I^#;>><K<;=8I^#?AJ<A8;#A=J# AJ@<8#B<C=AIBH#F:9B;#FAG;I;=C8:#<B#B<@<IA?#89#8:;<?#[:^B<KAI#A[;?8Z?;D#E;=K;H#89# 8?A=B@<8#A=J#?;K;<G;H#BA^H#G9<K;H#Y^#?AJ<9#F;#=;;J#89#B:<>8#8:;#G9<K;#B<C=AI#89#A# @ZK:#:<C:;?#>?;`Z;=K^#YA=JD# 1Df \9JZIA8<9=#[;?@<8B#8:;#ZB;#9>#@ZI8<[I;b<=CD#\ZI8<[I;b<=C#@;A=B#AII9F<=C# B<@ZI8A=;9ZB#K9@@Z=<KA8<9=#Y^#@ZI8<[I;#ZB;?B#9=#8:;#BA@;#K:A==;ID#a9?# <=B8A=K;H#8:;#?AJ<9#>?;`Z;=K^#B[;K8?Z@#@ZB8#Y;#B:A?;J#A=J#@9JZIA8<9=#AII9FB# ZB;?B#89#B;[A?A8;#8:;@B;IG;B#<=89#YA=JBD# hDf #\9JZIA8<9=#KA=#[?9G<J;#B9@;#K9=8?9I#9G;?#=9<B;#A=J#<=8;?>;?;=K;D#a9?#;bA@[I;# 8:;#;>>;K8#9>#=9<B;#KA=#Y;#K9=8?9II;J#89#A#IA?C;#;b8;=8#Y^#>?;`Z;=K^#@9JZIA8<9=D# \9JZIA8<9=#KA=#Y;#KIABB<><;J#<=89#8F9#KA8;C9?<;B#g=AI9C#\9JZIA8<9=#A=J#i<C<8AI# \9JZIA8<9=D#j;8kB#B;;#F:A8#A?;#8:;B;#g=AI9C#\9JZIA8<9=#A=J#i<C<8AI#\9JZIA8<9=#<=# J;8A<ID# U61d57,P52/d1*056,, g=AI9C#@9JZIA8<9=#<B#8:;#B<@[I;B8#>9?@#9>#8:;#@9JZIA8<9=D#l=#A=AI9C#@9JZIA8<9=H#8:;# @9JZIA8<9=#<B#A[[I<;J#K9=8<=Z9ZBI^#<=#?;B[9=B;#89#8:;#A=AI9C#<=>9?@A8<9=#B<C=AID#_:;# [?9K;BB#9>#8:;#A=AI9C#@9JZIA8<9=#:AB#Y;;=#B:9F=#<=#8:;#a<CZ?;#eH#Y;I9FD#E;?;#8:;# 9?<C<=AI#B<C=AI#A8#8:;#YAB;YA=J#>?;`Z;=K^#:AB#Y;;=#B:<>8;J#89#8:;#Y?9AJYA=J#>?;`Z;=K^# maKn#D## # \9JZIA8<=C#t<C=AI# \9JZIA8;J#t<C=AI#KA??^<=C# gK8<9=#9=#KA??<;?kB#A@[I<8ZJ;H# Gm8nH#A8#YAB# ; Y A = J # 8:;#<=>9?@A8<9=#9>#Gm8nH# > ? ; ` Z ; = K ^ # 9 ? # [ : A B ; # # m>un# Y A=J[ABB#m>vn## # # # # # vA??<;?wxyz # # # # xy xy # x| #
{{
o07/58,pq,,r5578++,5-,*s8,U61d57,P52/d1*056,
12#
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
\]^_ `4abcdef.-4gfeb`dcgh--
<=>?@ABCD#=FCB?GA@FH#I<EJ#@Q#G#ADPNH@TBD#BQDC#@H#D?DPAMFH@P#PF==BH@PGA@FHX#=FQA# PF==FH?U#OFM#AMGHQ=@AA@HR#@HOFM=GA@FH#S@G#G#N@RN#OMDTBDHPU#PGMM@DM#VGSD:##<E#VFMiQ# jU#SGMU@HR#AND#QAMDHRAN#FO#AND#AMGHQ=@AADC#Q@RHG?#@H#MD?GA@FH#AF#AND#@HOFM=GA@FH#jD@HR# QDHA:#YFM#DkG=>?DX#PNGHRDQ#@H#Q@RHG?#QAMDHRAN#=GU#jD#BQDC#AF#Q>DP@OU#AND#QFBHCQ#AF#jD# MD>MFCBPDC#jU#G#?FGC#Q>DGiDMX#FM#AND#?@RNA#@HADHQ@AU#FO#AD?DS@Q@FH#>@kD?Q:#lmHCB?GAFMU# PBMMDHAQl#GMD#AND#@H@A@G?#@=>?D=DHAGA@FHQ#FO#AND#<=>?@ABCD#=FCB?GA@FH:#nNDQD#VDMD#AND# O@MQA#=DANFC#AF#QBPPDQQOB??U#>MFCBPD#TBG?@AU#GBC@F#FSDM#AD?D>NFHD#?@HDQ#@H#9o2pqQ:#nND# Y@RBMD#1#@??BQAMGADQ#AND#>MFPDQQ#FO#=FCB?GA@FHX#jU#QNFV@HR#AND#=FCB?GA@HRX#PGMM@DM#GHC# =FCB?GADC#Q@RHG?Q:#Y@RBMD#rX#OBMANDM#@??BQAMGADQ#AND#<=>?@ABCD#=FCB?GA@FH#>MFPDQQ#jU# SGMU@HR#AND#G=>?@ABCDQ#FO#AND#=FCB?GA@HR#I@H>BA#Q@RHG?J#GHC#>?FAA@HR#AND#PFMMDQ>FHC@HR# =FCB?GADC#Q@RHG?:# #
# 12#
# s+0773-\8--9t-1977+37-u+0,98v-wt-456789*+,0-u+0,98v-/t-456789*36-u+0,98--
456789*+5,-9,6.,/56+,0-
456789*+,5-, 45../6071*056,162, 38*4556067, rsttuvt , wuxysz {|}~zs uyx wuxysz {|}~zs v} wuxysz
#
807/58,9:,,;<,<52/=1*056,40*>,?15@067,1.9=0*/28+,5-,*>8,069/*,+0761=,
;2?16*178+,162,A0+12?16*178+,
BCDEFGEHIJ#KL#BMNOPGQCI#RKCQOEGPKF## STU VKDIWEHI#EWIE#KL#BR#XIYIPDIW#PJ#ZPCIW#G[EF#\R#]IYEQJI#EGMKJN[IWPY# NWKNEHEGPKF# 1TU #BR#PJ#OKFH#CPJGEFYI#NWKNEHEGPKF#]IYEQJI#KL#PGJ#[PH[#NKZIWT## ^TU #BR#VPWYQPG#PJ#G[I#Y[IENIJG#EFC#OIEJG#YKMNOI_`# aTU #BR#YEF#]I#IEJPOb#CIMKCQOEGIC#QJPFH#E#cPKCI#cIGIYGKWT## cPJECDEFGEHIJ#KL#BMNOPGQCI#RKCQOEGPKF## STU BMNOPGQCI#MKCQOEGPKF#PJ#DIWb#MQY[#JIFJPGPDI#GK#FKPJI#EFC#[IFYI#G[I# NIWLKWMEFYI#PJ#DIWb#ZIEdT## 1TU #ePHFEO#KL#BR#PJ#FKG#JGWKFHIW#G[EF#\R#Z[IF#PG#NWKNEHEGIJ#G[WKQH[#EFC#K]JGEYOIT## ^TU #fFOb#KFI#JPCI]EFC#KL#BR#GWEFJMPGJ#gFLKWMEGPKF#ePHFEO`#JK#PG#OKJIJ#NKZIW#KF# KG[IW#JPCI]EFC#EFC#VEWWPIWT#hIFYI#G[I#NKZIW#ILLPYPIFYb#KL#G[I#BMNOPGQCI# RKCQOEGPKF#PJ#DIWb#NKKWT# aTU #iKPJI#MP_IJ#BR#ePHFEO#PF#EMNOPGQCI#Z[IF#PG#NWKNEHEGIJ#PF#LWII#JNEYI#G[EG#PG# MEdIJ#PG#CPLLPYQOGb#GK#WIYKDIW#G[I#KWPHPFEO#JPHFEO#EG#WIYIPDIW#PF#E#[PH[Ob#FKPJb# IFDPWKFMIFGT#
j,,,,,4>876,k5/5,l55758++,m,
ST# n[EG#PJ#G[I#FIIC#LKW#MKCQOEGPKFo## pppppppppppppppppppppppppppppppp# pppppppppppppppppppppppppppppppp# pppppppppppppppppppppppppppppppp# pppppppppppppppppppppppppppppppp# 1T# n[EG#EWI#BFEOKH#MKCQOEGPKF#GIY[FPqQIJo# 12#
11111111111111111111111111111111# 11111111111111111111111111111111# 11111111111111111111111111111111# 23# 456785#9:;<7=>?5#:@?><9=7@83# 11111111111111111111111111111111# 11111111111111111111111111111111# 11111111111111111111111111111111# A3# BC9=#9D5#=C5#<7:7=9=7@8E#@6#9:;<7=>?5#:@?><9=7@8F# 11111111111111111111111111111111# 11111111111111111111111111111111# 11111111111111111111111111111111#
GHIJ KL.MN.OPQ-4RSNTUVWRO-
XD5Y>58Z[#:@?><9=7@8\#X]#7E#^7?5<[#>E5?#6@D#9#_9D75=[#@6#D9?7@#Z@::>87Z9=7@8E# 9;;<7Z9=7@8E3#X]#`D@9?Z9E=E#@8#=C5#abX#`98?E#E=7<<#;D@_7?5#5cZ5;=7@89<<[#C7dC#Y>9<7=[# 9>?7@\#98?#X]#7E#9<E@#>E5?#6@D#9#_9D75=[#@6#6@D:E#@6#=^@#^9[#D9?7@#Z@::>87Z9=7@8E\# 98?#7=#7E#5E;5Z79<<[#>E56><#6@D#:@`7<5#D9?7@#Z@::>87Z9=7@8E\#`578d#>E5?#78#=9c7E\#98?# :98[#@=C5D#6@D:E#@6#_5C7Z<53#78#_75^#@6#7=E#^7?5E;D59?#>E5\#6D5Y>58Z[#:@?><9=7@8\# X]\#7E#98#7:;@D=98=#6@D:#@6#:@?><9=7@8\#?5E;7=5#:98[#6@D:E#@6#?7d7=9<#=D98E:7EE7@8# `578d#>E5?#=C5E5#?9[E3#e78Z5#7=E#67DE=#78=D@?>Z=7@8#=C5#>E5#@6#6D5Y>58Z[#:@?><9=7@8\# X]#C9E#dD@^8#58@D:@>E<[3#f@^#^7?5`98?#X]#7E#E=7<<#D5d9D?5?#9E#9#_5D[#C7dC#Y>9<7=[# =D98E:7EE7@8#:5?7>:#6@D#C7dC#Y>9<7=[#`D@9?Z9E=78d3#X]\#7E#9<E@#^7?5<[#>E5?#6@D# Z@::>87Z9=7@8E#^C5D5#7=#7E#D5E7<758=#=@#_9D79=7@8E#78#E7d89<#E=D58d=C3# # XD5Y>58Z[#]@?><9=7@8#7E#=C5#=5ZC87Y>5#78#^C7ZC\#=C5#6D5Y>58Z[#@6#=C5#Z9DD75D#^9_5#7E# ZC98d5?#78#9ZZ@D?98Z5#^7=C#=C5#g:;<7=>?5#@6#=C5#:@?><9=78d#E7d89<3#hC5#;D@Z5EE#7E# EC@^8#78#=C5#X7d>D5#A#`5<@^3##
K+07ij-kl--K4-ijmijnj,*9*+5,H-
U6o9,*90jn-5p-Kijq7j,/r-456789*+5,12#
#
456789*+5,-9,6.,/56+,0-
456789*+,5-, 45../6071*056,162, 38*4556067, ,
89:;:#<;:#=<>?#<@A<>B<C:D#EF#GDH>C#F;:IG:>J?#=E@GK<BHE>L#89:D:#9<A:#M::>#NH@:K?# GD:@#FE;#=<>?#?:<;DO#<>@#NHKK#;:=<H>#H>#GD:#FE;#=<>?#?:<;DL# PQ R:DHKH:>B#BE#>EHD:S###T>:#EF#B9:#=<H>#<@A<>B<C:D#EF#F;:IG:>J?#=E@GK<BHE>#HD#B9<B# HB#9<D#M::>#GBHKHD:@#M?#B9:#M;E<@J<DBH>C#H>@GDB;?#BE#B<U:#J<;:#EF#>EHD:L#VD#=EDB# >EHD:#HD#<=WKHBG@:#M<D:@O#B9HD#J<>#M:#;:=EA:@#M?#;G>>H>C#B9:#DHC><K#B9;EGC9#<# KH=HB:;#DE#B9<B#E>K?#F;:IG:>J?#A<;H<BHE>D#<WW:<;L#89HD#HD#W;EAH@:@#B9<B#B9:#DHC><K# K:A:K#HD#DGFFHJH:>BK?#9HC9#BE#<KKEN#B9:#DHC><K#BE#M:#KH=HB:@L## PQ R:DHKH:>B#BE#DHC><K#DB;:>CB9#A<;H<BHE>DS####XHC><K#A<;H<BHE>D#<;:#;:@GJ:@#DH>J:# >EHD:#:FF:JB#HD#:KH=H><B:@L#89HD#=:<>D#B9<B#E>:#EF#B9:#<@A<>B<C:D#EF#F;:IG:>J?# =E@GK<BHE>#HD#B9<B#HB#@E:D#>EB#DGFF:;#<=WKHBG@:#A<;H<BHE>D#<D#B9:#DHC><K#K:A:K# A<;H:DO#<>@#HB#=<U:D#YZ#H@:<K#FE;#GD:#H>#=EMHK:#<WWKHJ<BHE>D#N9:;:#DHC><K#K:A:KD# JE>DB<>BK?#A<;?L#89HD#HD#W;EAH@:@#B9<B#B9:#DHC><K#K:A:K#HD#DGFFHJH:>BK?#9HC9#BE# <KKEN#B9:#DHC><K#BE#M:#KH=HB:@L## PQ [E:D#>EB#;:IGH;:#KH>:<;#<=WKHFH:;D#H>#B9:#B;<>D=HBB:;S###VD#E>K?#F;:IG:>J?# J9<>C:D#<;:#;:IGH;:@#BE#M:#J<;;H:@O#<>?#<=WKHFH:;D#H>#B9:#B;<>D=HBB:;#@E#>EB#>::@# BE#M:#KH>:<;L## PQ \><MK:D#C;:<B:;#:FFHJH:>J?#B9<>#=<>?#EB9:;#=E@:DS###89:#GD:#EF#>E>]KH>:<;# <=WKHFH:;DO#:LCL#JK<DD#^O#:BJL#=:<>D#B9<B#B;<>D=HBB:;#:FFHJH:>J?#K:A:KD#NHKK#M:# 9HC9:;#]#KH>:<;#<=WKHFH:;D#<;:#H>9:;:>BK?#H>:FFHJH:>BL## _0+12`16*178+,5-,a58b/867c,d52/e1*056, 89:;:#<;:#<#>G=M:;#EF#@HD]<@A<>B<C:D#BE#B9:#GD:#EF#F;:IG:>J?#=E@GK<BHE>L#XE=:#<;:# J<>#M:#EA:;JE=:#IGHB:#:<DHK?O#MGB#EB9:;D#=<?#=:<>#B9<B#<>EB9:;#=E@GK<BHE>#FE;=<B#HD# =E;:#DGHB<MK:L# PQ R:IGH;:D#=E;:#JE=WKHJ<B:@#@:=E@GK<BE;S###T>:#EF#B9:#=H>E;#@HD]<@A<>B<C:D#EF# F;:IG:>J?#=E@GK<BHE>#HD#B9<B#B9:#@:=E@GK<BE;#HD#<#KHBBK:#=E;:#JE=WKHJ<B:@O#<>@# 9:>J:#DKHC9BK?#=E;:#:fW:>DHA:#B9<>#B9:#A:;?#DH=WK:#@HE@:#@:B:JBE;D#GD:@#FE;# VZL#VKDE#;:IGH;H>C#<#BG>:@#JH;JGHB#<@@D#JEDBL#gEN:A:;#B9HD#HD#E>K?#<>#HDDG:#FE;# B9:#A:;?#KEN#JEDB#M;E<@J<DB#;:J:HA:;#=<;U:BL## PQ XE=:#EB9:;#=E@:D#9<A:#9HC9:;#@<B<#DW:JB;<K#:FFHJH:>J?S###XE=:#W9<D:# =E@GK<BHE>#<>@#IG<@;<BG;:#<=WKHBG@:#=E@GK<BHE>#FE;=<BD#9<A:#<#9HC9:;#DW:JB;<K# :FFHJH:>J?#FE;#@<B<#B;<>D=HDDHE>#B9<B#F;:IG:>J?#D9HFB#U:?H>CO#<#FE;=#EF#F;:IG:>J?# =E@GK<BHE>L#VD#<#;:DGKBO#=EDB#@<B<#B;<>D=HDDHE>#D?DB:=#GD:D#B9:#@HCHB<K# B;<>D=HDDHE>#B:J9>HIG:D#DGJ9#<D#hXi#<>@#jVZL## PQ XH@:M<>@D#:fB:>@#BE#H>FH>HB?#:HB9:;#DH@:S###89:#DH@:M<>@D#FE;#<>#YZ#B;<>D=HDDHE># B9:E;:BHJ<KK?#:fB:>@#EGB#BE#H>FH>HB?L#8E#KH=HB#B9:#M<>@NH@B9#EF#B9:#B;<>D=HDDHE>O# FHKB:;D#<;:#GD:@O#<>@#B9:D:#H>B;E@GJ:#DE=:#@HDBE;BHE>#EF#B9:#DHC><KL## 45.9150+56,5-,ad,162,kd,l516+.0++056,, mEB9#B9:#V=WKHBG@:#<>@#Y;:IG:>J?#ZE@GK<BHE>#9<A:#B9:H;#EN>#<@A<>B<C:D#<>@# @HD<@A<>B<C:DL#gEN:A:;#<#JE=W<;HDE>#EF#B9:#C:>:;<K#W:;FE;=<>J:#HD#D9EN>#H>#B9:# B<MK:#n#M:KENS# , , , , 12#
19283-45--657899+:5,-5;-<4-9,6-=4-
>?@A BC<D.-4EFGH<1IEJ--
KLMNOMPQR#STUOVWXYTP#WPU#XZM#[ZW\M#STUOVWXYTP#WLM#XZM#X]T#^TL_\#T^#XZM#WP`VM# _TUOVWXYTPa#bZM#_WYP#QZWLWQXMLY\XYQ#T^#XZM#WP`VM#_TUOVWXYTP#Y\#XZWX#XZM#W_cVYXOUM#T^# XZM#QWLLYML#^LMNOMPQR#Y\#_WYPXWYPMU#QTP\XWPXd#]ZMLMW\#XZM#^LMNOMPQR#TL#cZW\M#Y\# QZWP`MUa##eP#XZM#cZW\M#_TUOVWXYTPd#XZM#cZW\M#T^#XZM#QWLLYML#]WfM#Y\#\ZY^XMU#YP# WQQTLUWPQM#]YXZ#XZM#W_cVYXOUM#T^#XZM#_TUOVWXYP`#^LMNOMPQRa#[ZW\M#_TUOVWXYTP#Y\#W# ^TL_#T^#_TUOVWXYTP#XZWX#QWP#gM#O\MU#^TL#LWUYT#\Y`PWV\#O\MU#^TL#W#fWLYMXR#T^#LWUYT# QT__OPYQWXYTP\#WccVYQWXYTP\a#h\#YX#]YVV#gM#\MMP#VWXML#XZWX#cZW\M#_TUOVWXYTP#WPU# ^LMNOMPQR#_TUOVWXYTP#WLM#QVT\MVR#VYPiMU#XT`MXZML#WPU#YX#Y\#T^XMP#O\MU#YP#_WPR# XLWP\_YXXML\#WPU#LMQMYfML\#O\MU#^TL#W#fWLYMXR#T^#LWUYT#QT__OPYQWXYTP#WccVYQWXYTP\#^LT_# X]T#]WR#LWUYT#QT__OPYQWXYTP\#VYPi\d#_TgYVM#LWUYT#QT__OPYQWXYTP\#WPU#MfMP# _WLYXY_M#_TgYVM#LWUYT#QT__OPYQWXYTP\a#[ZW\M#_TUOVWXYTP#Y\#WV\T#XZM#gW\Y\#^TL#_WPR# ^TL_\#T^#UY`YXWV#_TUOVWXYTP#gW\MU#WLTOPU#cZW\M#\ZY^X#iMRYP`d#[jk#]ZYQZ#Y\#W#^TL_#T^# cZW\M#_TUOVWXYTPa#h\#fWLYTO\#^TL_\#T^#cZW\M#\ZY^X#iMRYP`#WLM#XZM#^WfTLMU#^TL_#T^# _TUOVWXYTP#^TL#UY`YXWV#TL#UWXW#XLWP\_Y\\YTP\d#XZY\#_WiM\#cZW\M#_TUOVWXYTP#cWLXYQOVWLVR# Y_cTLXWPXa# # lM^TLM#VTTiYP`#WX#cZW\M#_TUOVWXYTP#YX#Y\#^YL\X#PMQM\\WLR#XT#VTTi#WX#cZW\M#YX\MV^a#h#LWUYT# ^LMNOMPQR#\Y`PWV#QTP\Y\X\#T^#WP#T\QYVVWXYP`#QWLLYML#YP#XZM#^TL_#T^#W#\YPM#]WfM#Y\#XZM# gW\Y\#T^#XZM#\Y`PWVa#bZM#YP\XWPXWPMTO\#W_cVYXOUM#^TVVT]\#XZY\#QOLfM#_TfYP`#cT\YXYfM# WPU#XZMP#PM`WXYfMd#LMXOLPYP`#XT#XZM#\XWLX#cTYPX#W^XML#TPM#QT_cVMXM#QRQVM#m#YX#^TVVT]\#XZM# QOLfM#T^#XZM#\YPM#]WfMa#bZY\#QWP#WV\T#gM#LMcLM\MPXMU#gR#XZM#_TfM_MPX#T^#W#cTYPX# WLTOPU#W#QYLQVMd#XZM#cZW\M#WX#WPR#`YfMP#cTYPX#gMYP`#XZM#WP`VM#gMX]MMP#XZM#\XWLX#cTYPX# WPU#XZM#cTYPX#TP#XZM#]WfMa# # [ZW\M#_TUOVWXYTP#]TLi\#gR#_TUOVWXYP`#XZM#cZW\M#T^#XZM#\Y`PWVd#YaMa#QZWP`YP`#XZM#LWXM# WX#]ZYQZ#XZM#cTYPX#_TfM\#WLTOPU#XZM#QYLQVMa#bZY\#QZWP`M\#XZM#cZW\M#T^#XZM#\Y`PWV#^LT_# ]ZWX#YX#]TOVU#ZWfM#gMMP#Y^#PT#_TUOVWXYTP#]W\#WccVYMUa#eP#TXZML#]TLU\#XZM#\cMMU#T^# LTXWXYTP#WLTOPU#XZM#QYLQVM#Y\#_TUOVWXMU#WgTOX#XZM#_MWP#fWVOMa#bT#WQZYMfM#XZY\d#YX#Y\# PMQM\\WLR#XT#QZWP`M#XZM#^LMNOMPQR#T^#XZM#\Y`PWV#^TL#W#\ZTLX#XY_Ma#eP#TXZML#]TLU\#]ZMP# cZW\M#_TUOVWXYTP#Y\#WccVYMU#XT#W#\Y`PWV#XZMLM#WLM#^LMNOMPQR#QZWP`M\#WPU#fYQM#fML\Wa# [ZW\M#WPU#^LMNOMPQR#WLM#YP\McWLWgVR#VYPiMU#W\#cZW\M#Y\#XZM#YPXM`LWV#T^#^LMNOMPQRa# KLMNOMPQR#_TUOVWXYTP#QWP#gM#QZWP`MU#XT#cZW\M#_TUOVWXYTPa#bZM#YP^TL_WXYTP# 12#
456789*+5,-9,6.,/56+,0-
#
456789*+,5-, 45../6071*056,162, 38*4556067, ,
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`;?=G#`a#?L>CD9?=_98?A#G8#CG#=KJE9K9>C#RS# bL>CD9?=?#=>#<=:=C;E#?L>CD9?=_98?#?HND#;?#CD9#c;K;D;#defO#WD9#UD;?9#KG<HE;C=G># ?=:>;E?#D;V9#@99>#=EEH?C8;C9<#=>#CD9#R=:H89#g#;><#R=:H89#h#@9EGBO##
#
i07/58,jk,,l52/m1*067,n0761m,162,*o8,4155085,p1q8,
i07/58,rk,,l52/m1*82,p1q8,
#
#
s,,,,,4o876,t5/5,u55758++,v,
ZOw d9I=>9#R89MH9>NL#SG<HE;C=G>O# xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx# xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx# xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx# xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx# 2Ow yD;C#<G#LGH#F>GB#@L#;>:E9#KG<HE;C=G>z# xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx# xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx# xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx# xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx# # 12#
101 2345"467"89:95459;<=";>"?@A" BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB" BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB" BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB" BBBBBBBBBBBBBBBBBBBBBBBBBBBBBBBB"
CDEF GHIHJKL,MN33OPHMKJHNP,,
Q9R9548"S;::T<9S459;<"9="537"U6;S7==";>"S;::T<9S459;<"9<"V39S3W"537"=9R<48="467" 564<=>7667X"9<"537">;6:";>"X9=S6757">;6:45="645376"534<"537"S;<59<T;T="4<48;R">;6:=0" Q9R9548"S;::T<9S459;<"9="Y76Z"S;::;<"9<"537"U67=7<5"X4Z"S;::T<9S459;<"=Z=57:=" 4<X"537"=9R<48="467"<;6:488Z"564<=:9557X"9<"[9<46Z">;6:45=0"\5"9="48V4Z="74=Z"5;"U6;S7==" 537"X9R9548"9<>;6:459;<"4="S;:U467X"5;"537"4<48;R"=9R<48=W"[7S4T=7";>"53796"X9=S6757" <45T67"4<X"37<S7"537Z"34Y7"[7S;:7":;67"U;UT846"9<"537"787S56;<9S"S;::T<9S459;<0" ];V7Y76W"537"Y;9S7"[4=7X"S;::T<9S459;<"9="?<48;R"9<"<45T67W"537"=9R<48="<77X="5;"[7" S;<Y7657X"9<5;"537"X9R9548">;6:45="5;"U6;S7=="9<"536;TR3"537"X9R9548"S;::T<9S459;<" =Z=57:=0"^37";UU;=957"U6;S7=="34UU7<=W"V3987"67S;<=56TS59<R"537"Y;9S7"=9R<48"45"537" 67S79Y76"7<X0"?"X7Y9S7"S4887X"@;X7:"_@;XT845;6"`"X7:;XT845;6a"9<"537"U6;S7==0"?" :;X7:"_:;XT845;6bX7:;XT845;6a"9="4"X7Y9S7"5345":;XT8457="4<"4<48;R"S466976"=9R<48"5;" 7<S;X7"X9R9548"9<>;6:459;<W"4<X"48=;"X7:;XT8457="=TS3"4"S466976"=9R<48"5;"X7S;X7"537" 564<=:9557X"9<>;6:459;<0"^37"R;48"9="5;"U6;XTS7"4"=9R<48"5345"S4<"[7"564<=:9557X"74=98Z" 4<X"X7S;X7X"5;"67U6;XTS7"537";69R9<48"X9R9548"X4540""^37"[4=9S"U6;S7=="9="X7U9S57X"9<" 537"c9RT67"d"[78;V0""
e*/6fg,Eh,,G*/*987,M4ii6+*.89*4+,jkl9gi,
"
K5m8+98/gl,4n,G*/*987,M4ii6+*.89*4+, o01 p7894[87"S;::T<9S459;<" q01 r7=="=7<=959Y95Z"5;"S34<R7="9<"7<Y96;<:7<548"S;<X959;<="_57:U7645T67W"75S0a" 101 s4=Z":T859U87t9<R" u01 s4=Z"=9R<489<R" v01 w;9S7"4<X"X454"9<57R6459;<" x01 s4=Z"U6;S7==9<R"89y7"7<S6ZU59;<"4<X"S;:U67==9;<" 11"
3456789*4+,8+5, -+.45*+/,
89: ;<=>#=>=?@A#B@CDECA<FG@#AEFH?ECHFI# J9: KL<MH?>#ED#N@COHG@#AEFH?ECHFI# P9: Q@??@C#NHIF<M#?E#REH=@#S<?HE# TU9: ;<=>#S@I@F@C<?HEF#ED#=HIF<M=# V0+12W16*178+,, T9: XFGC@<=@Y#Z<FY[HY?\#C@]LHC@A@F?#DEC#?\@#GEAALFHG<?HEF#G\<FF@M=9# ^9: R@@Y#DEC#BC@GH=HEF#?HAHFI=#_QH?`#G\<C<G?@C`#DC<A@#=>FG\CEFHa<?HEF#F@@Y@Yb# 19: R@@Y#DEC#?\@#cF<MEI#?E#dHIH?<M#<FY#dHIH?<M#?E#cF<MEI#GEFO@C=HEF=# 29: eHI\@C#GEABM@fH?>#ED#?\@#=>=?@A#Y@=HIF### g1.9h067, dHIH?<M#GEAALFHG<?HEF#L=@=#?\@#YH=GC@?@#=HIF<M=i#\@FG@#?\@#F<?LC<M#<F<MEI#=HIF<M=# F@@Y=#?E#Z@#GEFO@C?@Y#?E#?\@#YH=GC@?@#=HIF<M=`#HF#ECY@C#?E#BCEG@==#?\@A#YHIH?<MM>9#jEC# ?\H=`#BLCBE=@#<#?@G\FH]L@#kFE[F#<=#=<ABMHFI#H=#@ABME>@Y9#XF#@M@G?CEFHG# =HIF<M=`#=<ABMHFI#H=#?\@#C@YLG?HEF#ED#<#GEF?HFLEL=#=HIF<M#?E#<#YH=GC@?@#=HIF<M9# c#=<ABM@#C@D@C=#?E#<#O<ML@#EC#=@?#ED#O<ML@=#<?#<#BEHF?#HF#?HA@#<FYlEC#=B<G@9#m\@#BCEG@==# H=#HMML=?C<?@Y#HF#?\@#jHILC@#J#Z@ME[9##
456789*+,5-, 45../6071*056,162, 38*4556067, ,
n07/58,op,,g1.9h067,-55.,*q8,r61h57,g0761h+,
# #
#
N<ABMHFI#H=#?\@#DHC=?#=?@B#?E[<CY=#?\@#YHIH?Ha<?HEF9#eE[@O@C`#HF#ECY@C#?E#GEYHD>#?\@=@# =<ABM@=`#?\@#DM<?#?EB#=<ABMHFI#H=#AE=?#[HY@M>#L=@Y9#m\@#ZMEGk#YH<IC<A#ED#?\@#F<?LC<M# <FY#DM<?#?EB#=<ABMHFI#\<=#Z@@F#=\E[F#HF#?\@#jHILC@#P#Z@ME[9#
# # #
# n07/58,sp,,1t,31*/51h,+1.9h067,
12#
456789*+5,-9,6.,/56+,0-
1+0723-45--67-889*9*5:-;9<:8+,0-
=>?@#A@#B@C#CD@#EFGHI@EJ#CD@E@#EFGHI@E#FK@#CD@>#LMF>CNO@P#FE#H@K#CD@#QRICFB@#I@Q@IE# F>P#SN>FIIT#?R>Q@KC@P#CR#CD@#UN>FKT#?RP@E#CR#HKR?@EE#CD@G#PNBNCFIITV#WDNE#HKR?@EE#FIR>B# ANCD#?RKK@EHR>PN>B#QRICFB@#I@Q@IE#F>P#UN>FKT#?RP@E#FK@#EDRA>#N>#CD@#XNBMK@#Y#U#FURQ@V## Z,9850-*5-[+0+*98-\5,]32;+5,^>#F>FIRB_CR_PNBNCFI#?R>Q@KC@K#`^abJ#^cad#NE#F#P@QN?@#CDFC#?R>Q@KCE#CD@#N>HMC# ?R>CN>MRME#HDTEN?FI#LMF>CNCT#CR#F#PNBNCFI#>MGU@K#CDFC#K@HK@E@>CE#CD@#LMF>CNCTeE# FGHINCMP@V#f>EC@FP#RS#PRN>B#F#EN>BI@#?R>Q@KENR>J#F>#^ab#RSC@>#H@KSRKGE#CD@# ?R>Q@KENR>E#`gEFGHI@Eg#CD@#N>HMCd#H@KNRPN?FIITV#WD@#K@EMIC#NE#F#E@LM@>?@#RS#PNBNCFI# QFIM@E#CDFC#DFQ@#?R>Q@KC@P#F#?R>CN>MRME_CNG@#F>P#?R>CN>MRME_FGHINCMP@#F>FIRB#ENB>FI# CR#F#PNE?K@C@_CNG@#F>P#PNE?K@C@_FGHINCMP@#PNBNCFI#ENB>FIEV#WD@#GREC#?RGGR>IT# @GHIRT@P#^ca#?R>Q@KC@K#NE#CD@#hFGH#UFE@P#?NK?MNCV#fC#ME@E#F#?RGHFKFCRK#CR#?RGHFK@# CD@#QRICFB@#I@Q@IE### [+0+*98-*5-Z,9850-\5,]32;+5,aNBNCFI#CR#F>FIRB#?R>Q@KC@K#NE#CD@#@I@?CKR>N?#?NK?MNCJ#ADN?D#CFi@E#PNBNCFI#N>HMC#F>P# ?R>Q@KCE#CDNE#N>CR#F>#F>FIRB#AFQ@SRKGV#^#?RGGR>#ME@#RS#PNBNCFI_CR_F>FIRB#?R>Q@KC@KE# NE#B@>@KFCNR>#RS#FMPNR#ENB>FIE#SKRG#PNBNCFI#N>SRKGFCNR>#N>#GMEN?#HIFT@KEV#aNBNCFI#QNP@R# ENB>FIE#FK@#?R>Q@KC@P#CR#F>FIRB#N>#C@I@QNENR>#F>P#?@II#HDR>@E#CR#PNEHIFT#?RIRKE#F>P# EDFP@E##
jklm [nonpZq-4r[sqZpnrt-p.\utnvs.w-
WD@K@#FK@#CDK@@#GFxRK#?IFEE@E#RS#PNBNCFI#GRPMIFCNR>#C@?D>NLM@E#ME@P#SRK#CKF>EGNEENR># RS#PNBNCFI#PFCFy# z{ ^GHINCMP@#|DNSC#}@TN>B# z{ XK@LM@>?T#|DNSC#}@TN>B`X|}d# z{ ~DFE@_EDNSC#i@TN>B#`~|}d# ^II#RS#CD@E@#HKR?@EE@E#?R>Q@T#CD@#PFCF#UT#?DF>BN>B#ERG@#FEH@?C#RS#F#?FKKN@K#AFQ@J#N># K@EHR>E@#CR#F#PFCF#ENB>FIV#
jk4m Z4 qnps[.-wun1p- . nto- Zw 7-
^GHINCMP@_EDNSC#i@TN>B#`^|}d#NE#F#SRKG#RS#GRPMIFCNR>#CDFC#K@HK@E@>CE#PNBNCFI#PFCF#FE# QFKNFCNR>E#N>#CD@#FGHINCMP@#RS#F#?FKKN@K#AFQ@V# # ^>T#PNBNCFI#GRPMIFCNR>#E?D@G@#ME@E#F#SN>NC@#>MGU@K#RS#PNECN>?C#ENB>FIE#CR#K@HK@E@>C# PNBNCFI#PFCFV#^|}#ME@E#F#SN>NC@#>MGU@K#RS#FGHINCMP@EJ#@F?D#FEENB>@P#F#M>NLM@#HFCC@K># RS#UN>FKTV# EMFIITJ#@F?D#FGHINCMP@#@>?RP@E#F>#@LMFI#>MGU@K#RS#UNCEV# F?D#HFCC@K>#RS# UNCE#SRKGE#CD@#ETGURI#CDFC#NE#K@HK@E@>C@P#UT#CD@#HFKCN?MIFK#FGHINCMP@V#WD@# P@GRPMIFCRKJ#ADN?D#NE#P@ENB>@P#EH@?NSN?FIIT#SRK#CD@#ETGURI_E@C#ME@P#UT#CD@#GRPMIFCRKJ# 12#
#
456789*+,5-, 45../6071*056,162, 38*4556067, ,
89:9;<=>9?#:@9#A<BC=:D89#EF#:@9#;9G9=H98#?=I>AC#A>8#<AB?#=:#JAGK#:E#:@9#?L<JEC#=:# ;9B;9?9>:?M#:@D?#;9GEH9;=>I#:@9#E;=I=>AC#8A:AN#O;9PD9>GL#A>8#Q@A?9#EF#:@9#GA;;=9;#A;9# K9B:#GE>?:A>:N# # R=K9#S<BC=:D89#TE8DCA:=E>M#SUV#=?#AC?E#C=>9A;#A>8#?9>?=:=H9#:E#A:<E?B@9;=G#>E=?9M# 8=?:E;:=E>?M#B;EBAIA:=E>#GE>8=:=E>?#E>#8=FF9;9>:#;ED:9?#=>#QUWX#YQDJC=G#UZ=:G@98# W9C9B@E>9#X9:ZE;K[#9:GN#\E:@#SUV#<E8DCA:=E>#A>8#89<E8DCA:=E>#B;EG9??9?#A;9# ;9CA:=H9CL#=>9]B9>?=H9N#W@9#SUV#:9G@>=PD9#=?#AC?E#GE<<E>CL#D?98#:E#:;A>?<=:#8=I=:AC# 8A:A#EH9;#EB:=GAC#F=J9;N#OE;#R^_#:;A>?<=::9;?M#J=>A;L#`#=?#;9B;9?9>:98#JL#A#?@E;:#BDC?9# EF#C=I@:#A>8#J=>A;L#a#JL#:@9#AJ?9>G9#EF#C=I@:N#RA?9;#:;A>?<=::9;?#>E;<ACCL#@AH9#A#F=]98# bJ=A?b#GD;;9>:#:@A:#GAD?9?#:@9#89H=G9#:E#9<=:#A#CEZ#C=I@:#C9H9CN#W@=?#CEZ#C9H9C# ;9B;9?9>:?#J=>A;L#aM#Z@=C9#A#@=I@9;cA<BC=:D89#C=I@:#ZAH9#;9B;9?9>:?#J=>A;L#`N#W@9# ?=<BC9?:#A>8#<E?:#GE<<E>#FE;<#EF#SUV#EB9;A:9?#A?#A#?Z=:G@M#D?=>I#:@9#B;9?9>G9#EF#A# GA;;=9;#ZAH9#:E#=>8=GA:9#A#J=>A;L#E>9#A>8#=:?#AJ?9>G9#:E#=>8=GA:9#A#J=>A;L#d9;EN#W@=?# :LB9#EF#<E8DCA:=E>#=?#GACC98#E>cEFF#K9L=>IM#A>8#=?#D?98#A:#;A8=E#F;9PD9>G=9?#:E#:;A>?<=:# TE;?9#GE89N# # TE;9#?EB@=?:=GA:98#9>GE8=>I#?G@9<9?#@AH9#J99>#89H9CEB98#Z@=G@#;9B;9?9>:#8A:A#=># I;EDB?#D?=>I#A88=:=E>AC#A<BC=:D89#C9H9C?N#OE;#=>?:A>G9M##A#FED;cC9H9C#9>GE8=>I#?G@9<9# GA>#;9B;9?9>:#:ZE#J=:?#Z=:@#9AG@#?@=F:#=>#A<BC=:D89e#A>#9=I@:cC9H9C#?G@9<9#GA># ;9B;9?9>:#:@;99#J=:?e#A>8#?E#E>N#W@9?9#FE;<?#EF#A<BC=:D89c?@=F:#K9L=>I#;9PD=;9#A#@=I@# ?=I>ACc:Ec>E=?9#;A:=E#FE;#:@9=;#;9GEH9;LM#A?#JL#:@9=;#>A:D;9#<DG@#EF#:@9#?=I>AC#=?# :;A>?<=::98#A:#;98DG98#BEZ9;N##
fghijklmnom34p,qrskt,umps3v,
O;9PD9>GLc?@=F:#K9L=>I#YOUV[#=?#A#F;9PD9>GL#<E8DCA:=E>#?G@9<9#=>#Z@=G@#8=I=:AC# =>FE;<A:=E>#=?#:;A>?<=::98#:@;EDI@#8=?G;9:9#F;9PD9>GL#G@A>I9?#EF#A#GA;;=9;#ZAH9N##W@9# ?=<BC9?:#OUV#=?#A#J=>A;L##OUV#Y\OUV[N#\OUV#D?9?#A#BA=;#EF#8=?G;9:9#F;9PD9>G=9?#:E# :;A>?<=:#J=>A;L#Ya?#A>8#`?[#=>FE;<A:=E>N#w=:@#:@=?#?G@9<9M#:@9#b`b#=?#GACC98#:@9#<A;K# F;9PD9>GL#A>8#:@9#bab#=?#GACC98#:@9#?BAG9#F;9PD9>GLN## kqu,t516+.0**85, W@9#JCEGK#8=AI;A<#EF#:@9#OUV#<E8DCA:E;#=?#?@EZ>#J9CEZ#=>#O=ID;9#`aN#W@9# <E8DCA:=>I#?=I>AC#A>8#:@9#GA;;=9;#F;9PD9>GL#A;9#F98#:E#:@9#F;9PD9>GL#<E8DCA:E;# G=;GD=:;L#A>8#GE;;9?BE>8=>ICL#:@9#ED:BD:#=?#:;A>?<=::98#=>#:@9#FE;<#EF#A#?=I>AC#Z=:@# HA;=98#F;9PD9>GLN## # #
#
k07/58,hix,,kqu,y52/z1*55,
# 12#
123345678.-869:;-<.=9>?--
@ABCDECAFGH#IDJFKL#M@NOP#FC#B#QFLFHBR#STQURBHFTK#CVADSD#HABH#VTSSUKFVBHDC#HAD#QBHB# WJ#VABKLFKLX#TY#STQURBHFKLX#HAD#ZABCD#TG#HAD#VBYYFDY#[B\D]#^KJ#QFLFHBR#STQURBHFTK# CVADSD#UCDC#B#GFKFHD#KUSWDY#TG#QFCHFKVH#CFLKBRC#HT#YDZYDCDKH#QFLFHBR#QBHB]#@NO#UCDC#B# GFKFHD#KUSWDY#TG#ZABCDCX#DBVA#BCCFLKDQ#B#UKF_UD#ZBHHDYK#FK#HAD#GTYS#TG#B#WFKBYJ#VTQD]## `BVA#ZBHHDYK#TG#WFHC#GTYSC#HAD#CJSWTR#HABH#FC#YDZYDCDKHDQ#WJ#HAD#ZBYHFVURBY#ZABCD]#aK# HAD#THADY#ABKQX#HAD#QDSTQURBHTY#FC#QDCFLKDQ#CZDVFGFVBRRJ#GTY#HAD#CJSWTRECDH#UCDQ#WJ#HAD# STQURBHTY]#bH#QDHDYSFKDC#HAD#ZABCD#TG#HAD#YDVDF\DQ#CFLKBR#BKQ#SBZC#FH#WBVI#HT#HAD# CJSWTR#FH#YDZYDCDKHCX#HAUC#YDVT\DYFKL#HAD#TYFLFKBR#QBHB]#cAFC#YD_UFYDC#HAD#YDVDF\DY#HT#WD# BWRD#HT#VTSZBYD#HAD#ZABCD#TG#HAD#YDVDF\DQ#CFLKBR#HT#B#YDGDYDKVD#CFLKBR]#^KTHADY#CFSZRD# [BJ#TG#TZDYBHFTK#FC#HABH#FKCHDBQ#TG#TZDYBHFKL#[FHA#YDCZDVH#HT#B#VTKCHBKH#YDGDYDKVD# [B\DX#HAD#WYTBQVBCH#VBK#TZDYBHD#[FHA#YDCZDVH#HT#FHCDRG]#dABKLDC#FK#ZABCD#TG#B#CFKLRD# WYTBQVBCH#[B\DGTYS#VBK#WD#VTKCFQDYDQ#HAD#CFLKFGFVBKH#FHDSC]#bK#HAFC#CJCHDSX#HAD# QDSTQURBHTY#QDHDYSFKDC#HAD#VABKLDC#FK#HAD#ZABCD#TG#HAD#YDVDF\DQ#CFLKBR#YBHADY#HABK#HAD# ZABCD#MYDRBHF\D#HT#B#YDGDYDKVD#VBYYFDY#[B\DP#FHCDRG]#NFKVD#HAFC#CVADSD#QDZDKQC#TK#HAD# QFGGDYDKVD#WDH[DDK#CUVVDCCF\D#ZABCDCX#FH#FC#HDYSDQ#QFGGDYDKHFBR#ZABCDECAFGH#IDJFKL# Me@NOP]#e@NO#VBK#WD#CFLKFGFVBKHRJ#CFSZRDY#HT#FSZRDSDKH#HABK#TYQFKBYJ#@NO#CFKVD# HADYD#FC#KT#KDDQ#GTY#HAD#QDSTQURBHTY#HT#AB\D#B#VTZJ#TG#HAD#YDGDYDKVD#CFLKBR#HT# QDHDYSFKD#HAD#DfBVH#ZABCD#TG#HAD#YDVDF\DQ#CFLKBR]## # gFID#BKJ#GTYS#TG#CAFGH#IDJFKLX#HADYD#BYD#QDGFKDQ#CHBHDC#TY#ZTFKHC#HABH#BYD#UCDQ#GTY# CFLKBRFKL#HAD#QBHB#WFHC]#cAD#WBCFV#GTYS#TG#WFKBYJ#ZABCD#CAFGH#IDJFKL#FC#IKT[K#BC#hFKBYJ# @ABCD#NAFGH#ODJFKL#Mh@NOP#TY#FH#FC#TVVBCFTKBRRJ#VBRRDQ#@ABCD#iD\DYCBR#ODJFKL#M@iOP]# ^#QFLFHBR#CFLKBR#BRHDYKBHFKL#WDH[DDK#jk#BKQ#Ek#MTY#k#BKQ#lP#[FRR#VYDBHD#ZABCD#YD\DYCBRCX# F]D]#kml#QDLYDD#ZABCD#CAFGHC#BC#HAD#QBHB#CAFGHC#CHBHD]#cAFC#ABC#WDDK#FRRUCHYBHDQ#FK#HAD# nFLUYD#kk#WDRT[]# # cAD#ZYTWRDS#[FHA#ZABCD#CAFGH#IDJFKL#FC#HABH#HAD#YDVDF\DY#VBKKTH#IKT[#HAD#DfBVH#ZABCD# TG#HAD#HYBKCSFHHDQ#CFLKBR#HT#QDHDYSFKD#[ADHADY#FH#FC#FK#B#SBYI#TY#CZBVD#VTKQFHFTK]#cAFC# [TURQ#KTH#WD#ZTCCFWRD#D\DK#FG#HAD#HYBKCSFHHDY#BKQ#YDVDF\DY#VRTVIC#[DYD#BVVUYBHDRJ# RFKIDQ#WDVBUCD#HAD#ZBHA#RDKLHA#[TURQ#QDHDYSFKD#HAD#DfBVH#ZABCD#TG#HAD#YDVDF\DQ#CFLKBR]# cT#T\DYVTSD#HAFC#ZYTWRDS#@NO#CJCHDSC#UCD#B#QFGGDYDKHFBR#SDHATQ#GTY#DKVTQFKL#HAD# QBHB#TKHT#HAD#VBYYFDY]#cAFC#FC#BVVTSZRFCADQX#GTY#DfBSZRDX#WJ#SBIFKL#B#VABKLD#FK#ZABCD# D_UBR#HT#B#TKDX#BKQ#KT#ZABCD#VABKLD#D_UBR#HT#B#oDYT]#nUYHADY#FSZYT\DSDKHC#VBK#WD# SBQD#UZTK#HAFC#WBCFV#CJCHDS#BKQ#B#KUSWDY#TG#THADY#HJZDC#TG#ZABCD#CAFGH#IDJFKL#AB\D# WDDK#QD\DRTZDQ]#aKD#CFSZRD#FSZYT\DSDKH#VBK#WD#SBQD#WJ#SBIFKL#B#VABKLD#FK#ZABCD# WJ#pl#QDLYDDC#FK#TKD#QFYDVHFTK#GTY#B#TKDX#BKQ#pl#QDLYDDC#HAD#THADY#[BJ#GTY#B#oDYT]#cAFC# YDHBFKC#HAD#kml#QDLYDD#ZABCD#YD\DYCBR#WDH[DDK#TKD#BKQ#oDYT#CHBHDCX#WUH#LF\DC#B#QFCHFKVH# VABKLD#GTY#B#oDYT]#bK#B#WBCFV#CJCHDS#KTH#UCFKL#HAFC#ZYTVDCC#FH#SBJ#WD#ZTCCFWRD#HT#RTTCD# CJKVAYTKFoBHFTK#FG#B#RTKL#CDYFDC#TG#oDYTC#BYD#CDKH]#cAFC#FC#WDVBUCD#HAD#ZABCD#[FRR#KTH# VABKLD#CHBHD#GTY#HAFC#TVVUYYDKVD]#cADYD#BYD#SBKJ#\BYFBHFTKC#TK#HAD#WBCFV#FQDB#TG#ZABCD# CAFGH#IDJFKL]#`BVA#TKD#ABC#FHC#T[K#BQ\BKHBLDC#BKQ#QFCBQ\BKHBLDC#DKBWRFKL#CJCHDS# QDCFLKDYC#HT#VATTCD#HAD#TKD#STCH#BZZRFVBWRD#GTY#BKJ#LF\DK#VFYVUSCHBKVDC]#aHADY# VTSSTK#GTYSC#FKVRUQD#q@NO#MqUBQYBHUYD#ZABCD#CAFGH#IDJFKLP#[ADYD#GTUY#ZABCD#CHBHDC# BYD#UCDQX#DBVA#BH#pl#QDLYDDC#HT#HAD#THADYX#mE@NO#[ADYD#HADYD#BYD#DFLAH#CHBHDC#UCDQ#BKQ# CT#GTYHA]#nTY#BK#DfBSZRD#HAD#TUHZUH#TG#B#h@NO#STQURBHTY#VFYVUFH#GTY#B#klklklk#FKZUH#FC# CAT[K#FK#GFLUYD#kk]# #
12#
456789*+5,-9,6.,/56+,0-
456789*+,5-, 45../6071*056,162, 38*4556067, ,
#
# #
#
807/58,99:,,;<8,5/*9/*,5-,1,=>?@,.52/A1*55,7057/0*,-55,1,9B9B9B9,069/*C,
D,,,,,4<876,E5/5,>55758++,F,
GHI JKLM#LNO#MKO#PQRRONOSM#PQTQMLU#VWPXULMQWS#MOYKSQZXO[\## ]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]# ]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]# ^HI _W`#VLSa#PQRRONOSM#bKL[O#[MLMO[#LNO#X[OP#QS#cdef#LSP#gdef\## ]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]# ]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]# ]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]]# 12#
11111111111111111111111111111111# 123 456#7898:;<#=>7?<;:8>@#8A#BC::CD#:5;@#:5C#E@;<>9#F>7?<;:8>@G# 11111111111111111111111111111111# 11111111111111111111111111111111# 11111111111111111111111111111111# 11111111111111111111111111111111#
HIJHKLM44NOP--
EQ:CD#R>=S<C:8@9#:58A#?@8:#TC#;DC#A?DC#:5;:#6>?#5;UC#?@7CDA:>>7#:5C#:CD=#=>7?<;:8>@2# 456#=>7?<;:8>@#8A#@CC7#8@#>?:#R>==?@8R;:8>@#A6A:C=A2#V@#:58A#?@8:#TC#5;UC#A:?78C7# ;B>?:#78QQCDC@:#=>7?<;:8>@#:CR5@8W?CA#B>:5#;@;<>9#;@7#7898:;<#=>7?<;:8>@#:6SC2#4C# 5;UC#;<A>#78AR?AAC7#78QQCDC@:#:CR5@8W?CA#Q>D#R>@UCD:8@9#:5C#;@;<>9#A89@;<A#8@:>#7898:;<# A6A:C=#;@7#U8RCXUCDA;2#
HIJYKO.Z.O.[\.L]ZMO^_.O-O.N`a[b-
c23defghijklmjinekopq#E2#r2#stujuvthf#w:5#x78:8>@q#yD;R:8RC#z;<<#>Q#V@78;q#{CT# |C<582#}~~12# }23 uike h i euliel titldeffhu ti eul lmjineko u #1D7#x78:8>@q# C5D>? # >D>? ;@q# ;:;#FR D;T#z8<<2# 123defghijklmjineko u q# 2 2# ?D>AC# # 242# >AAq#E# >S#|>T@#ESSD>;R5# C;:?D8@9#:5C#V@:CD@C:q#yC;DA>@#x78:8>@q#}~~12# w23deffhu ti euplmjinekopq# C>@# ;DR8;q#;@7#487 ; ;q# ;:;#FR D;T#z8<<q#}~~~2# 23 titltu ldefghijkldeffhu ti eup #48<<8;@#r:;<<8@9Aq# :5#x78:8>@q#yC;DA>@# x7?R;:8>@q#{CT#|C<582## 23TTT2T8 8SC78;2>D9# 23 ;DD6# 2#yC:CDA>@qldefghijklmjinekop #E#r6A:C=A#ESSD>;R5q#1D7#x78:8>@# 5C# F>D9;@# ;?Q=;@@#rCD8CA#8@#{C:T>D 8@9 2##
HIJ KL M^a [L]N[L .OL -----\ / -P57¡-¢¡50¡ ££-J-
c23 >#AC@7#:D;@A=8::8@9#=CAA;9C#A89@;<A#CQQCR:8UC<6#Q>D#<>@9#78A:;@RCAq#TC#?AC# F>7?<;:8>@2# }23 5C#E@;<>9#=>7?<;:8>@#:CR5@8W?CA#;DC # ; 3 E=S<8:?7C#=>7?<;:8>@# B 3 E@9<C#=>7?<;:8>@# 8 3 DCW?C@R6#=>7?<;:8>@# 88 3 y5;AC#=>7?<;:8>@2# 123 58A#8A#7CQ8@C7#;A#:5C#=>7?<;:8>@q#8@#T58R5#;=S<8:?7C#>Q#R;DD8CD#8A#R5;@9C7#8@# ;RR>D7;@RC#:>#:5C#;=S<8:?7C#>Q#:5C#=>7?<;:8@9#A89@;<2# w23 5C#;=S<8:?7C#=>7?<;:8>@#A?QQCDA#QD>=#:5C#Q><<>T8@9#<8=8:;:8>@A# 12#
456789*+5,-9,6.,/56+,0-
456789*+,5-, 45../6071*056,162, 38*4556067, ,
89: ;<=#>?=@>A#BCD=E#8?#FCGHI8G=J#8G#H<=#?8J=KIGJ?#IGJ#=L=G#IH#M22N# OCJ>AIH8CG#H<=#IGJ#FCGHI8G#CGAP#QQN#C@#H<=#HCHIA#BCD=E#IGJ#<=GF=#H<=# OCJ>AIH8CG#=@@8F8=GFP#8?#BCCER# 889: S>=#HC#BCCE#=@@8F8=GFPT#H<=#HEIG?O8HH=E?#=OBACP8GU#IOBA8H>J=#OCJ>AIH8CG# <IL=#L=EP#BCCE#EIGU=R# 8889: ;<=#E=F=BH8CG#8G#H<8?#OCJ>AIH8CG#8?#GC8?PR#;<=#EIJ8C#E=F=8L=E#B8FV?#>B#IAA# H<=#?>EEC>GJ8GU#GC8?=#IACGU#D8H<#H<=#?8UGIAR#
W,,,,,4X876,Y5/5,Z55758++,[,
MR: \E=]>=GFP#^CJ>AIH8CG#8?#H<=#H=F<G8]>=#8G#D<8F<T#H<=#@E=]>=GFP#C@#H<=#FIEE8=E# DIL=#8?#F<IGU=J#8G#IFFCEJIGF=#D8H<#H<=#_OBA8H>J=#C@#H<=#OCJ>AIH8GU#?8UGIAR# `R: aH#8?#BC??8KA=#HC#FCGL=P#CE#HEIG?O8H#8G@CEOIH8CG#KP#LIEP8GU#8H?#@E=]>=GFP#I?#D=AA# I?#IGUA=#C@#B<I?=R#;<=?=#IE=#VGCDG#I?#@E=]>=GFP#IGJ#B<I?=#OCJ>AIH8CG?# E=?B=FH8L=AP#IGJ#KCH<#FCAA=FH8L=AP#IE=#VGCDG#I?#b_GUA=#^CJ>AIH8CGcR#;<=# @E=]>=GFP#IGJ#B<I?=#OCJ>AIH8CG#?P?H=O?#<IL=#?8O8AIE#F<IEIFH=E8?H8F?#D8H<# O8GCE#J8@@=E=GF=?R# dE8=@8GU#D=#FIG#?IP#IGUA=#OCJ>AIH8CG?#C@#HDC#HPB=?e# 89: \E=]>=GFP#OCJ>AIH8CG# 889: f<I?=#OCJ>AIH8CG# QR: g8O8HIH8CG?#C@#_^e# 89: fCD=E#C@#FIEE8=E#IGJ#C@#CG=#?8J=#KIGJ#8?#>?=A=??R# 889: ;<=#_^#E=F=BH8CG#8?#GC8?PR# 8889: ;<=#dh#8?#O>F<#A=??R# 8L9: iGAP#HDC#jRd?#IE=#ILI8AIKA=R#
W,,,,,4X876,Y5/5,Z55758++,k,
MR: ;<=E=#IE=#H<E==#OIlCE#FAI??=?#C@##J8U8HIA#OCJ>AIH8CG#H=F<G8]>=?#>?=J#@CE# HEIG?O8??8CG#C@#J8U8HIAAP#E=BE=?=GH=J#JIHIe# m: _OBA8H>J=#j<8@H#n=P8GU# m: \E=]>=GFP#j<8@H#n=P8GUo\jn9# m: f<I?=p?<8@H#V=P8GU#ofjn9# `R: dfjn#>?=?#HDC#J8@@=E=GH#B<I?=#?HIH=?#IGJ#=IF<#CG=#J8@@=E?#KCP#Mq2C#T#D<=E=I?#H<=# rfjn#>?=?#@C>E#J8@@=E=GH#B<I?=?#IGJ#=IF<#CG=#J8@@=E?#KP#s2R# QR: 89# aH#8?#=I?P#HC#BECF=??#H<=#J8U8HIA#8G@CEOIH8CGR# # 889# S8U8HIA#?P?H=O?#IE=#A=??#BECG=#HC#GC8?=R# 8889: S8U8HIA#?8UGIA?#FIG#K=#=I?8AP#E=pHEIG?O8HH=JR#
12#
0!
6789/:;/56<98=<>?87@/A7B/2C89DE87@/ 28F6486F+// IJKL MNOPQRSTOUQN$$ IJ3L VWXYTOUZY[$ IJ\L ]S^OU_^Y`UNa$TQNTY_O$$ IJIL bPYcSYNTdefUZU[UQN$]S^OU_^Y`UNa$ IJ2L gUhYefUZU[UQN$]S^OU_^Y`UNa$ IJiL jQRY$fUZU[UQN$]S^OU_^Y`UNa$ IJkL l_mTY$$fUZU[UQN$]S^OU_^Y`UNa$ IJnL loUOTpUNa$$ IJqL ]Y[[maY$loUOTpUNa$$ IJrL jUPTSUO$loUOTpUNa$$ IJ3KL smTtYO$loUOTpUNa$$
IJ3KJ3LjQNNYTOUQN$uY[[$smTtYO$loUOTpUNa$$ IJ3KJ\LjQNNYTOUQN$VPUYNOYR$smTtYO$loUOTpUNa$$
IJ33L lShhmPd$ IJ3\L vYwYPYNTY[xbSPOpYP$vYmRUNa$ IJ3IL lQ^SOUQN[xyN[oYP[$
:Hz{ 879|}B6D98}7//
=0.+/7GH/ 23$ 23$ 2\$ 2I$ 2i$ 2k$ 2n$ 2q$ iK$ i3$ i\$ in$ in$ in$
gpY$hQ[O$wSNRmhYNOm^$NYYR$Qw$mNd$TQhhSNUTmOUQN$[d[OYh$RY[UaN$U[$OQ$TmOYP$OQ$^mPaY$ NShWYP$Qw$S[YP[J$~SO$OpU[$PYcSUPY[$m$^mPaY$NShWYP$Qw$PY[QSPTY[$mNR$^mPaY$WmNRoUROp[$ [S__QPOUNa$hS^OU_^Y$TpmNNY^[J$vYcSUPYhYNO$wQP$^mPaY$NShWYP$Qw$PY[QSPTY[$TmN$WY$hYO$ Uw$OpY$PY[QSPTY[$mPY$mZmU^mW^Y $WSO$OpU[$hmtY[$UO$TQ[O$UNYwwYTOUZYJ$gpYPYwQPY $OpY$mUh$U[$ m^omd[$OQ$S[Y$hUNUhSh$NShWYP$Qw$PY[QSPTY[$mNR$hmtY$OpYUP$SOU^U[mOUQN$OQ$OpYUP$wS^^Y[O$ _QOYNOUm^J$~mNRoUROp$m^omd[$PYhmUN[$m$TPUOUTm^$PY[QSPTY$RSY$OQ$UO[$^UhUOYR$mZmU^mWU^UOd$ mNR$OpYPYwQPY $TQhhSNUTmOUQN$[d[OYh[$OPd$OQ$pmPNY[[$UO[$wS^^Y[O$_QOYNOUm^J$ YOoQPt[$ m^omd[$PYcSUPY$S[$OQ$mTTQhhQRmOY$hS^OU_^Y$[UaNm^[$SOU^U UNa$m$[UNa^Y$_UYTY$Qw$TmW^UNa$ OQ$hmtY$UO$TQ[O$YwwYTOUZY$mNR$PYRSTY$TQh_^Y`UOdJ$gpU[$NYYR$U[$[YYN$OpPQSapQSO$ NYOoQPtUNa$opYOpYP$oY$mPY$Om^tUNa$mWQSO$^QTm^$mPYm$NYOoQPt[$QP$oURY$mPYm$QNY[J$ ]QRYPN$OY^Y_pQNY$[d[OYh[$hS[O$_^mTY$m$^mPaY$NShWYP$Qw$Tm^^[$QZYP$m$^UhUOYR$mhQSNO$ Qw$WmNRoUROp$ UJYJ$m$OPSNt J$~PQmRWmNR$uy [$hS[O$pmZY$[YZYPm^$RUwwYPYNO$Od_Y[$Qw$RmOm$ QN$m$[UNa^Y$oUPY$mO$QNTYJ$$bQP$OpY[Y$m__^UTmOUQN[ $oY$NYYR$OQ$[pmPY$OpY$PY[QSPTY[$mNR$UN$ _mPOUTS^mP$OpY$WmNRoUROpJ$]S^OU_^Y`UNa$mNR$loUOTpUNa$mPY$OpY$OoQ$hQ[O$Uh_QPOmNO$ OYTpNUcSY[$WYUNa$Yh_^QdYR$wQP$OpU[$_SP_Q[Y$UN$OpY$_PY[YNO$Rmd$TQhhSNUTmOUQN$ [d[OYh[$mNR$pmZY$WYYN$RU[TS[[YR$UN$OpY$_PY[YNO$SNUOJ$$
:H { } >D98 >2/
ywOYP$aQUNa$OpPQSap$OpU[$SNUO $dQS$[pQS^R$WY$mW^Y$OQ $ L NQo$OpY$TQNTY_O$Qw$]S^OU_^Y`UNa$mNR$loUOTpUNa$UN$TQh_SOYP$NYOoQPt[$ L NRYP[OmNR$OpY$Wm[UT$hS^OU_^Y`UNa$OYTpNUcSY[$^UtY$bf] $gf] $jf]$mNR$lf]$ L fUwwYPYNOUmOY$WYOoYYN$RUwwYPYNO$Od_Y[$Qw$hS^OU_^Y`UNa$OYTpNUcSY[$ L NQo$OpY$[oUOTpUNa$hYTpmNU[h[$$ L fUwwYPYNOUmOY$WYOoYYN$_mTtYO $TUPTSUO$mNR$hY[[maY$[oUOTpUNa$$ L NRYP[OmNR$OpY$RUwwYPYNO$_mTtYO$[oUOTpUNa$hYTpmNU[h[$ $ $ $ 2!3$
! 56789*7+,9-./0-1/ 2398459-./
456789*+,5-, 45../6071*056,162, 38*4556067, ,
89:; <=>?@A>BC@3D,4E34BA?,,
FG#HIGIJKLM#K#NIOPQN#RKG#RKJJS#TGLS#TGI#UPHGKL#KV#KGS#NTNIGV#PG#VPNIW#XTJ#NQLVPYLI# UPHGKLU#VT#UZKJI#TGI#NIOPQNM#VZI#NIOPQN#NQUV#UTNIZT[#\I#OP]POIOM#HP]PGH#IKRZ# UPHGKL#K#YTJVPTG#T^#VZI#VTVKL#\KGO[POVZW#_QLVPYLI`PGH#aKLUT#bGT[G#KU#_cdPGHe#PU#K# NIVZTO#\S#[ZPRZ#NQLVPYLI#KGKLTH#NIUUKHI#UPHGKLU#TJ#OPHPVKL#OKVK#UVJIKNU#KJI# RTN\PGIO#PGVT#TGI#UPHGKL#T]IJ#K#UZKJIO#NIOPQNW#fZI#\KUPR#KPN#T^#VZI#_QLVPYLI`PGH#PU# VT#UZKJI#KG#I`YIGUP]I#JIUTQJRI#\S#YQVVPGHgQY#NQLVPYLI#UPHGKLU#TG#VZI#UKNI#RZKGGILW# XTJ#I`KNYLIM#PG#VILIRTNNQGPRKVPTGUM#UI]IJKL#VILIYZTGI#RKLLU#NKS#\I#RKJJPIO#QUPGH#TGI# [PJIW#_QLVPYLI`PGH#TJPHPGKVIO#PG#VILIHJKYZS#PG#VZI#hijkUM#KGO#PU#GT[#[POILS#KYYLPIO#PG# OP^^IJIGV#UVJIKNU#T^#RTNNQGPRKVPTGUW#lZIG#UI]IJKL#RTNNQGPRKVPTG#RZKGGILU#KJI# GIIOIO#\IV[IIG#VZI#UKNI#V[T#YTPGVUM#UPHGP^PRKGV#IRTGTNPIU#NKS#\I#JIKLPmIO#\S# UIGOPGH#KLL#VZI#NIUUKHIU#TG#TGI#VJKGUNPUUPTG#^KRPLPVS#n#RKLLIO#NQLVPYLI`PGHW###oU# UZT[G#PG#XPHQJI#hM#G#GQN\IJ#T^#UPHGKLU#^JTN#VZI#LT[#UYIIO#RZKGGILU#ZK]I#\IIG# RTN\PGIO#VT#TGI#UPHZ#UYIIO#LPGb#QUPGH#K#Gph#NQLVPYLI`IJW#lZIJIKU#VZI#TYYTUPVI# YJTRIUU#PU#RKJJPIO#TQV#KV#VZI#TVZIJ#IGOM#[ZIJI#VZI#UPHGKLU#KJI#^QJVZIJ#UIYKJKVIO#PGVT#G# GQN\IJ#T^#LT[#UYIIO#RZKGGILUW#fZPU#TYYTUPVI#YJTRIUU#PU#JI^IJJIO#KU#OINQLVPYLI`PGHW# #
, 6w4¡1668t+, a¢T[# YIIO# ZKGGILUe#
#####################
, 6w4¡1668t+, a¢T[# YIIO# ZKGGILUe#
# q07/58,rs,,</t*09t8u067,162,v8w</t*09t8u067,
fZQUM#_QLVPYLI`PGH#JI^IJU#VT#VZI#K\PLPVS#VT#VJKGUNPV#OKVK#RTNPGH#^JTN#UI]IJKL#YKPJU#T^# IxQPYNIGV#aVJKGUNPVVIJU#KGO#JIRIP]IJUe#RKLLIO#yz{|}~ y}#TG#K#UPGHLI#YZSUPRKL# NIOPQN#aRKLLIO#VZI# |}~ yeW#lZIJIKUM#K# y ~y #PU#VZI#NQLVPYLI`PGH# OI]PRI#VZKV#RTN\PGIU#VZI#UPHGKLU#^JTN#VZI#OP^^IJIGV#VJKGUNPVVIJU#KGO#UIGOU#VZIN#T]IJ# VZI# |}~ yW#o# y ~y #PU#VZI#OI]PRI#[ZPRZ#UIYKJKVIU#UPHGKL#JIRIP]IO# ^JTN#K# |}~ y#PGVT#OP^^IJIGV#UPHGKL#KGO#UIGOU#VZIN#VT#JIRIP]IJUW## # fZIJI#KJI#^TQJ#\KUPR#NQLVPYLI`PGH#VIRZGPxQIUp# XJIxQIGRS#OP]PUPTG#NQLVPYLI`PGH#aX _e## fPNI#OP]PUPTG#_QLVPYLI`PGH#af _e## TOI#OP]PUPTG#_QLVPYLI`PGH#a _e## YKRIgOP]PUPTG#_QLVPYLI`PGH#a _e# XJIxQIGRS#OP]PUPTG#_QLVPYLI`PGHp# KGO[POVZ#PU#OP]POIO#PGVT#OP^^IJIGV#UNKLLIJ# ^JIxQIGRS#\KGOU#aJKGHIeW## fPNI#OP]PUPTG#_QLVPYLI`PGH#af _e#afPNI#ULTVU#KJI#KLLTRKVIO#VT#NIUUKHI#UPHGKLU# PG#KG#GTG#T]IJLKYYPGH#NKGGIJ#PG#VZI#VPNI#OTNKPG#UT#VZKV#PGOP]POQKL#NIUUKHIU# RKG#\I#JIRT]IJIO#^JTN#VPNI#USGRZJTGPmIO#U[PVRZIUe# QKOJKVQJI# KJJPIJ KNYLPVQOI#_QLVPYLI`PGH#a o_ep#f[T#NIUUKHI#UPHGKLU#KJI# VJKGUNPVVIO#PG#VZI#UKNI#^JIxQIGRS#\KGOW#fZI#JIRT]IJS#PU#YTUUP\LI#OQI#VT#VZI# RKJJPIJ#UPHGKLU#\IPGH#TJVZTHTGKLe## 12#
0!
67 89:;$:<=<><9?$@ABC<DB;E<?F$G8H@I$A>;J>$9KKADL$CM;$>NO;$PJ;QA;?KL$RN?:$RAC$ O9:ABNC;$CM;<J$O;>>NF;>$S<CM$:<PP;J;?C$K9:;>$$TH@U$VH@U$8H@U$SM;?$ A>;:$P9J$OABC<DB;$NKK;>>$TH@UW$VH@UW$$;XFXW$YZ@W$V@W$U@W$[<J;B;>>$ ?;CS9J\>$
]/////^5+4_/`a6b/cba.b+dd/e/
fX7 H;P<?;$OABC<DB;E<?FX$ gggggggggggggggggggggggggggggXX$ gggggggggggggggggggggggggggggXX$ gggggggggggggggggggggggggggggXX$ gggggggggggggggggggggggggggggXX$ gggggggggggggggggggggggggggggXX$ hX7 ZCNC;$CM;$<OD9JCN?K;$9P$OABC<DB;E<?FX$ gggggggggggggggggggggggggggggXX$ gggggggggggggggggggggggggggggXX$ gggggggggggggggggggggggggggggXX$ gggggggggggggggggggggggggggggXX$ gggggggggggggggggggggggggggggXX$ 3X7 [MNC$NJ;$CM;$OABC<DB;E<?F$C;KM?<QA;>i$$ gggggggggggggggggggggggggggggXX$ gggggggggggggggggggggggggggggXX$ gggggggggggggggggggggggggggggXX$ gggggggggggggggggggggggggggggXX$ gggggggggggggggggggggggggggggXX$
jkjl mnopqor^`stuvu2uwr/5qxyucxozur{/
VJ;QA;?KL$:<=<><9?$OABC<DB;E<?F$GVH@I$<>$CM;$C;KM?<QA;$A>;:$C9$:<=<:;$CM;$N=N<BNRB;$ RN?:S<:CM$<?C9$N$?AOR;J$9P$>ONBB;J$<?:;D;?:;?C$B9F<KNB$KMN??;B>$S<CM$;NKM$KMN??;B$ MN=<?F$N$>ONBB$RN?:S<:CMX$TM;$O;CM9:$9P$A><?F$N$?AOR;J$9P$KNJJ<;J$PJ;QA;?K<;>$;NKM$ 9P$SM<KM$<>$O9:ABNC;:$RL$N?$<?:;D;?:;?C$>D;;KM$><F?NB$<>$<?$PNKC$PJ;QA;?KL$:<=<><9?$ OABC<DB;E<?FX$TM;$P9BB9S<?F$V<FAJ;$h$:;D<KC>$CM;$RN><K$DJ9K;>>$9P$PJ;QA;?KL$:<=<><9?$ OABC<DB;E<?FW$<?$SM<KM$CM;$C9CNB$RN?:S<:CM$MN>$R;;?$:<=<:;:$<?C9$?|?AOR;J$9P$ :<PP;J;?C$KMN??;B>$N?:$;NKM$9?;$9P$CM;O$S9J\<?F$S<CM$N$>D;K<P<K$RN?:S<:CMX$$ $ TM;$P9BB9S<?F$P<FAJ;$h$:;D<KC>$M9S$CMJ;;$=9<K;|FJN:;$C;B;DM9?;$KMN??;B>$NJ;$ OABC<DB;E;:$A><?F$VH@X$[M;?$ON?L$KMN??;B>$NJ;$OABC<DB;E;:$C9F;CM;JW$2}}}~ $<>$ NBB9KNC;:$C9$;NKM$KMN??;B$C9$\;;D$CM;O$S;BB$>;DNJNC;:X$V<J>C$CM;$=9<K;$KMN??;B>$NJ;$ JN<>;:$<?$PJ;QA;?KLW$;NKM$RL$N$:<PP;J;?C$NO9A?CX$TM;?$CM;L$KN?$R;$K9OR<?;:W$R;KNA>;$ ?9$CS9$KMN??;B>$KN?$9KKADL$CM;$>NO;$D9JC<9?$9P$CM;$>D;KCJAOX$ 9C<K;$CMNC$;=;?$ CM9AFM$CM;J;$NJ;$FND>$GFANJ:$RN?:>I$R;CS;;?$CM;$KMN??;B>W$CM;J;$<>$>9O;$9=;JBND$ R;CS;;?$N: NK;?C$KMN??;B>W$R;KNA>;$CM;$P<BC;J>$:9$?9C$MN=;$>MNJD$;:F;>X$TM<>$9=;JBND$ O;N?>$CMNC$N$>CJ9?F$>D<\;$NC$CM;$;:F;$9P$9?;$KMN??;B$S<BB$R;$P;BC$<?$CM;$N: NK;?C$9?;$N>$ ?9?|CM;JONB$?9<>;X$ $ 2!3$
56789*7+,9-./0-1/ 2398459-./
3456789*+4,+ 34--.5/609/45+051+ 2793445/56+ +
+ + + + + + + + 7/6.47+89++747:.756;+</=/*/45+>.?9/8?7@/56+
AB"CDE"CEFEGHIIJBKGLCKHB"CEGDBHFHMNO"CDE"CHCLF"PLBQRKQCD"LSLKFLPFE"KB"L" GHIIJBKGLCKHB"IEQKJI"KT"QKSKQEQ"KBCH"L"TEUKET"HV"BHBWHSEUFLXXKBM"VUEYJEBGKET"TJPW PLBQT"JTKBM"CDE"VUEYJEBGN"QKSKTKHB"IJFCKXFEZKBM["\LGD"HBE"HV"CDETE"TJPWPLBQT"CDEB" GLUUKET"L"TEXLULCE"TKMBLF["]DKT"LFFHRT"L"TKBMFE"CULBTIKTTKHB"IEQKJI"TJGD"LT"L"GLPFE"HU" HXCKGLF"VKPEU"CH"PE"TDLUEQ"PN"ILBN"TKMBLFT["^B"EZLIXFE"HV"L"TNTCEI"JTKBM"_`a"KT" GLPFE"CEFESKTKHBO"KB"RDKGD"ILBN"CEFESKTKHB"GDLBBEFT"LUE"GLUUKEQ"TKIJFCLBEHJTFN"HB"L" TKBMFE"GLPFE["_`a"KT"LFTH"JTEQ"PN"CEFEXDHBE"TNTCEIT"CH"CULBTIKC"IJFCKXFE"CEFEXDHBE" GLFFT"CDUHJMD"DKMD"GLXLGKCN"CUJBb"FKBETO"GHIIJBKGLCKHBT"TLCEFFKCET"CH"CULBTIKC"IJFCKXFE" GDLBBEFT"HV"QLCL"HB"JXFKBb"LBQ"QHRBFKBb"ULQKH"PELITO"LBQ"PUHLQPLBQ"`cd"IHQEIT"CH" CULBTIKC"FLUME"LIHJBCT"HV"GHIXJCEU"QLCL"CDUHJMD"CRKTCEQ"XLKUT"CEFEXDHBE"FKBETO"LIHBM" ILBN"HCDEU"JTET[_UEYJEBGNWQKSKTKHB"IJFCKXFEZKBM"RHUbT"PETC"RKCD"FHRWTXEEQ"QESKGET[" ]DE"VUEYJEBGN"QKSKTKHB"IJFCKXFEZKBM"TGDEIET"JTEQ"LUHJBQ"CDE"RHUFQ"LUE"SEUN" TCLBQLUQKeEQ["^"RKQE"TXUELQ"TCLBQLUQ"KT"fgO"1hhhWie"ELGD"SHKGE"GDLBBEFT"jkhhhie"VHU" JTEUO"XFJT"CRH"MJLUQ"PLBQT"HV"lhhie"ELGDm"IJFCKXFEZEQ"KBCH"CDE"nh"CH"fho"pie"PLBQ[" aLBN"GLUUKEUT"HVVEU"L"1o"CH"ln"bPXT"FELTEQ"FKBE"TEUSKGE"CH"GJTCHIEUTO"PLTEQ"HB"CDE" MUHJX["]DE"VUEYJEBGN"PLBQ"QKSKTKHB"DLT"PEEB"KFFJTCULCEQ"KB"CDE"_KMJUE"k"CLbKBM"THIE" EZLIXFE"VUEYJEBGKET[""
vwx
tuvwx
7/6.47+q9++r??.*9409/45+4,+7<>+.*/56+,4.4+1/,,74759+6s0557?*+
"
AB"]EFEXDHBNO"CDE"IHTC"RKQEFN"JTEQ"IECDHQ"HV"IHQJFLCKHB"KB"_`a"KT"TKBMFE"TKQEPLBQ" IHQJFLCKHBO"RDKGDO"KB"CDE"GLTE"HV"SHKGE"TKMBLFTO"UEYJKUET"L"PLBQRKQCD"CDLC"KT" LXXUHZKILCEFN"EYJLF"CH"CDLC"HV"CDE"HUKMKBLF"SHKGE"TKMBLF["\LGD"SHKGE"KBXJC"KT"JTJLFFN" LTTKMBEQ"L"PLBQRKQCD"HV"1"pie["]DE"PLBQXLTT"VKFCEUT"VHFFHRKBM"CDE"IHQJFLCHUT"LUE" JTEQ"CH"UETCUKGC"CDE"PLBQ"HV"ELGD"IHQJFLCEQ"TKMBLF"CH"KCT"XUETGUKPEQ"ULBME["]DE"" 11"
0!
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`/ aHb QG7$98768$E@=$?7$@AA7A$;D$;G7$8O8;7F$?O$8<FB:O$@AA<=>$@=D;G76$B@<6$DC$ ;6@=8F<;;76$FDA9:@;D6$@=A$67E7<J76$A7FDA9:@;D68H$$ cHb RUV$8O8;7F$89BBD6;$C9::$A9B:7S$<=CD6F@;<D=$TdD;G$8<A7$8<F9:;@=7D98$ eDFF9=<E@;<D=W$C:DM$MG<EG$<8$67N9<67A$?O$FD8;$DC$@BB:<E@;<D=H$$ _9[01Z0-80.+[/\]/^_5`/ aHb f=$RUV$8O8;7FK$;G7$<=<;<@:$ED8;$<8$G<>GH$QG<8$F@O$<=E:9A7$;G7$E@?:7$?7;M77=$;G7$ ;MD$7=A8$@=A$;G7$@88DE<@;7A$ED==7E;D68$CD6$;G7$E@?:7H$$ cHb I$B6D?:7F$M<;G$D=7$9876$E@=$8DF7;<F78$@CC7E;$;G7$D;G768H$$ gHb h@EG$9876$67N9<678$@$B67E<87$E@66<76$C67N97=EO$CD6$;6@=8F<88<D=$DC$;G7$8<>=@:8H$$
ijkl mn5op_nqn2nrs/5tumnvuownsx/
Q<F7$U<J<8<D=$V9:;<B:7S<=>$TQUVW$<8$@=D;G76$BDB9:@6$F7;GDA$DC$9;<:<y<=>$;G7$ E@B@E<;O$DC$@$BGO8<E@:$EG@==7:$7CC7E;<J7:OH$h@EG$9876$DC$;G7$EG@==7:$<8$@::D;;7A$@$8F@::$ ;<F7$<=;76J@:$A96<=>$MG<EG$<;$F@O$;6@=8F<;$@$F788@>7H$QG98$;G7$;D;@:$;<F7$@J@<:@?:7$<=$ ;G7$EG@==7:$<8$A<J<A7A$@=A$7@EG$9876$<8$@::DE@;7A$@$;<F7$8:D;H$U@;@$C6DF$7@EG$9876$<8$ F9:;<B:7S7A$<=;D$@$C6@F7$MG<EG$<8$;6@=8F<;;7A$DJ76$;G7$EG@==7:H$$f=$QUVK$9876z8$ F788@>78$@67$?9CC767A$@8$;G7O$67E7<J7A$@=A$67@A$C6DF$;G7$?9CC76$A96<=>$<;8$;<F7$8:D;$;D$ F@L7$@$C6@F7H$$QG767CD67$7@EG$9876$E@=$987$;G7$C9::$EG@==7:$?@=AM<A;GH$QG7$EG@==7:$ E@B@E<;O$<8$C9::O$9;<:<y7A$<=$QUV$?O$<=;76:7@J<=>$@$=9F?76$DC$F788@>78$?7:D=><=>$;D$ A<CC767=;$98768$<=;D$D=7$:D=>$F788@>7H$QG<8$F788@>7$87=;$;G6D9>G$;G7$BGO8<E@:$EG@==7:$ F98;$?7$87B@6@;7A$@;$;G7$67E7<J<=>$7=AH$f=A<J<A9@:$EG9=L8$DC$F788@>7$87=;$?O$7@EG$ 9876$8GD9:A$?7$67@887F?:7A$<=;D$@$C9::$F788@>7H$QG7$B6DE788$DC$;G7$Q<F7$A<J<8<D=$ F9:;<B:7S<=>$G@8$?77=$8GDM=$<=$R<>967$2H$$$
$ }G@6<=>$DC$;G7$8<>=@:$<8$@EEDFB:<8G7A$?O$A<J<A<=>$@J@<:@?:7$;6@=8F<88<D=$;<F7$D=$@$ F7A<9F$@FD=>$98768H$RD6$7S@FB:7K$<=$8DF7$ED9=;6<78K$;G7$<=A<J<A9@:$8;@;<D=8$G@J7$ ;MD$:D><E@:$89?$EG@==7:8~$F98<E$@=A$@AJ76;<8<=>H$QG787$;MD$@:;76=@;7$<=$;<F7$D=$;G7$ 8@F7$C67N97=EO$C<68;$@$?968;$DC$F98<EK$;G7=$@$?968;$DC$@AJ76;<8<=>K$;G7=$FD67$F98<E$@=A$ ^9.6{+/k`//m9|+/_9Z9[9\-/56789*7+,9-.//
2!3$
56789*7+,9-./0-1/ 2398459-./
456789*+,5-, 45../6071*056,162, 38*4556067, ,
89#9:;#<=>8#8>?@A?>9:#>8#?>BC#D>E>8>9:#B@F?>GFCH>:I;#J:K9L?@:A?CFMN#<OP#QA:#9:FM#RC# @8CD#K9L#D>I>?AF#DA?A#B@F?>GFCH>:I;#S>:QC#F9QAF#F99G8#GL9D@QC#A:AF9I#8>I:AF8N#A# Q9:ECL8>9:#>8#:CCDCD#KL9B#A:AF9I#?9#D>I>?AF#>:#?=C#C:D#9KK>QC;#T=CLC#AFF#?=C#>:D>E>D@AF# F9QAF#F99G8#Q9BC#?9IC?=CL#?9#RC#Q9BR>:CD#9:?9#9@?I9>:I#?L@QU8;##<=C#<OP#GL9QC88#>8# K@L?=CL#>FF@8?LA?CD#>:#V>I@LC#W#X>?=#?=C#D>I>?AF#DA?A#8?LCAB;# #
Y07/58,Z[,,\070*1],^516+.0++056,/+067,^\_,
#
`99]071*056+,5-,^\_, ab <=C#cOd#ecFC8>9Q=L9:9@8#O>I>?AF#d>CLALQ=Mf#8M8?CBN#AF89#U:9X:#A8#?=C#cgP# ec@F8C#g9DC#P9D@FA?>9:f#8M8?CB8# ab <=C#8M:Q=L9:9@8#D>I>?AF#=>CLALQ=M#eSOdf#h#8M:Q=L9:9@8#9G?>QAF#:C?X9LU>:I# eSijk<f#:C?X9LU#?LA:8B>88>9:#8?A:DALD8;# ab <OP#QA:#RC#K@L?=CL#CH?C:DCD#>:?9#?=C#?>BC#D>E>8>9:#B@F?>GFC#g=A::CF#e<OPlf# 8Q=CBCN#X=CLC#8CECLAF#8?A?>9:8#Q9::CQ?CD#?9#?=C#8ABC#G=M8>QAF#BCD>@BN#K9L# CHABGFC#8=AL>:I#?=C#8ABC#KLCm@C:QM#Q=A::CFN#QA:#Q9BB@:>QA?C;#lGGF>QA?>9:# CHABGFC8#>:QF@DC#?=C#X>DCFM#@8CD##nSP#?CFCG=9:C#8M8?CB# `2o16*178+,5-,^\_, p;b q?#@8C8#A#8>:IFC#F>:U# r;b q?#D9C8#:9?#LCm@>LC#GLCQ>8C#QALL>CL#BA?Q=>:I#A?#R9?=#C:D#9K#?=C#F>:U8;## s;b J8C#9K#?=C#Q=A::CF#QAGAQ>?M#>8#=>I=;## 1;b kAQ=#?9#CHGA:D#?=C#:@BRCL#9K#@8CL8#9:#A#8M8?CB#A?#A#F9X#Q98?;## W;b <=CLC#>8#:9#:CCD#?9#>:QF@DC#>DC:?>K>QA?>9:#9K#?=C#?LAKK>Q#8?LCAB#9:#CAQ=#GAQUC?;## \0+12o16*178+,5-,^\_, p;b <=C#8C:8>?>E>?M#?9#9?=CL#@8CL#>8#ECLM#=>I=#A:D#QA@8C8#GL9RFCB8## r;b q:>?>AF#Q98?#>8#=>I=## s;b <CQ=:>QAF#Q9BGFCH>?M#>8#B9LC##
tuZv 4w\x,\yzy{yw3,_|}^y~}x y3 ,
l8#M9@#BAM#U:9XN#?=C#Q9:QCG?#9K#B@F?>GFC#AQQC88#X=CLC#XC#QA:#AFF9X#8CECLAF# ?LA:8B>??CL8#?9#8C:D#>:K9LBA?>9:#8>B@F?A:C9@8FM#9ECL#A#8>:IFC#Q9BB@:>QA?>9:#Q=A::CF# A:D#>?#AFF9X8#8CECLAF#@8CL8#?9#8=ALC#A#RA:D#9K#KLCm@C:Q>C8#e9L#M9@#QA:#8AM#RA:DX>D?=f;## 12#
0!
5678"9:;:":<=;>?@:<;AB=9C"B;ADEFGFHI">E?">":<;AJ>G"AF?JEH":AD;C;"KLD;=;";>AD" B=>E:CJBB;="J:">::JHE;?">"AF?;"H;E;=>GGI"<:;9?F=>E?FC"AF?;M"BF">GGFL"C9GBJ<G;"9:;=:" BF"N;"C9GBJ<G;O;?"FP;="BD;":>C;"<DI:JA>G"AD>EE;GQ"RI"AFEB=>:BS"BJC;"?JPJ:JFE"C9GBJ<G;" >AA;::"KT678M"?JPJ?;:">AA;::"NI"BJC;S"LDJG;"U=;V9;EAI@?JPJ:JFE"C9GBJ<G;">AA;::" KW678M"?JPJ?;:"JB"NI"U=;V9;EAIQ"5678"J:">"UF=C"FU":<=;>?@:<;AB=9C":JHE>GGJEHS" :JEA;"BD;"CF?9G>B;?"AF?;?":JHE>G"D>:">"C9AD"DJHD;="?>B>"N>E?LJ?BD"BD>E"BD;"?>B>" N;JEH"AFCC9EJA>B;?Q"TDJ:">GGFL:"CF=;"9:;=:"BF"AFCC9EJA>B;"FE"BD;":>C;"E;BLF=X">B" FE;"BJC;"BD>E"JU";>AD"9:;="L>:">GGFBB;?">":<;AJUJA"U=;V9;EAI"=>EH;Q"Y;C;CN;="BD>B" 5678"J:">"?JHJB>G"B;ADEFGFHIS":F">E>GFH":JHE>G:"C9:B"N;"?JHJBJZ;?"N;UF=;"N;JEH" B=>E:CJBB;?"FE"BD;"E;BLF=XQ"
[\]^ 1_`ab..cded1dfg.5hijd_ibkdgl.
mD;E"L;"L>EB"BF"B=>E:CJB"C9GBJ<G;"C;::>H;:"BD=F9HD">EI"FU"BD;"AFCC9EJA>BJFE" C;?J>S"BD;"9GBJC>B;"HF>G"J:"BF"C>OJCJZ;"BD;"9:;"FU"BD;"HJP;E"=;:F9=A;:"K;QHQ"BJC;">E?" U=;V9;EAI"JE"H;E;=>GMQ"nB"JEPFGP;:"H=F9<JEH"C>EI":;<>=>B;"LJ=;:"JEBF">"AFCCFE"A>NG;" ;EAGF:9=;Q"8"A>NG;"BD>B"D>:S"UF=";O>C<G;S"op"BLJ:B;?"<>J=:"JE:J?;"JB"A>E":9<<F=B"op" AD>EE;G:Q"q67"D>:"BD;"9EJV9;">?P>EB>H;"FU"EFB"=;V9J=JEH">EI"C9GBJ<G;OJEH" ;V9J<C;EBQ"nB"J:"9:9>GGI"AFCNJE;?"LJBD"FBD;="C9GBJ<G;OJEH"B;ADEJV9;:"BF"N;BB;="9BJGJZ;" BD;"JE?JPJ?9>G"<DI:JA>G"AD>EE;G:Q"WF=";O>C<G;S"JU"BD;=;">=;":JO"<;=:FE:"JE"BD;"FUUJA;" >E?">GG"FU"BD;C"L>EB"BF"B>GX">B"BD;":>C;"BJC;S"BDJ:"LJGG"HJP;"=J:;"BF"JEB;=U;=;EA;" N;BL;;E"BD;"AFEP;=:>BJFE:Q"TF"=;?9A;"BD;"JEB;=U;=;EA;"BD;I"C>I"?JPJ?;"BD;C:;GP;:" JEBF"BD=;;"H=F9<:"FU"BLFS":9AD"BD>B"BD;"AFEP;=:>BJFE"J:"N;BL;;E";>AD"<>J="FU"<;F<G;Q"nU" BD;"<>J=:"AFEBJE9;"B>GXJEH"LDJG:B":JBBJEH"E;OB"BF";>AD"FBD;=S"BD;"JEB;=U;=;EA;"LF9G?":BJGG" N;"<=;:;EBQ"TD;"N;:B"L>I"UF=";>AD"<>J="BF"AFEP;=:;"LJBD"CJEJC>G"JEB;=U;=;EA;"LF9G?" N;"BF":JB">"U;L"U;;B">L>I"U=FC"BD;"FBD;="<>J=:"KLJBDJE"BD;":>C;"=FFCM">E?"AFEP;=:;Q" TD;I"LF9G?":BJGG"N;":D>=JEH"BD;":>C;"C;?J9C"UF="BD;J="AFEP;=:>BJFE:"N9B"BD;"<DI:JA>G" :<>A;"JE"BD;"=FFC"LF9G?"N;"?JPJ?;?"UF=";>AD"AFEP;=:>BJFEQ"TDJ:"J:"BD;":JC<G;:B" ;O>C<G;"FU"q<>A;"6JPJ:JFE"79GBJ<G;OJEHQ""TD;"AFEA;<B"FU"q67"D>:"N;;E"JGG9:B=>B;?"JE" WJH9=;"rQ"
s9-6t*.]u..1)/3*.c9v9w9x,.56789)7*+9,-..
"
q<>A;"6JPJ:JFE"79GBJ<G;OJEH"J:"BD;"C9GBJ<G;OJEH"B;ADEJV9;"JE"LDJAD"NFBD"BD;"BJC;">E?" U=;V9;EAI"A>E"N;"=;9:;?"NI"B=>E:CJBBJEH"F9="JEUF=C>BJFE"BD=F9HD">"<>=>GG;G":;B"FU" AD>EE;G:Q"" " nE"LJ=;?"AFCC9EJA>BJFES":<>A;@?JPJ:JFE"C9GBJ<G;OJEH":JC<GI"JC<GJ;:"?JUU;=;EB"<FJEB@ BF@<FJEB"LJ=;:"UF="?JUU;=;EB"AD>EE;G:Q"yO>C<G;:"JEAG9?;">E">E>GFH9;":B;=;F">9?JF" A>NG;S"LJBD"FE;"<>J="FU"LJ=;:"UF="BD;"G;UB"AD>EE;G">E?">EFBD;="UF="BD;"=JHDB"AD>EE;GS">E?" >"C9GBJ<>J="B;G;<DFE;"A>NG;"9:9>GGI";C<GFI;?"BF"<=FPJ?;"zqT{"AFEE;ABJFE:"JE" ?JUU;=;EB"DFC;:Q""8EFBD;=";O>C<G;"J:">":LJBAD;?":B>="E;BLF=X":9AD">:"BD;">E>GFH" B;G;<DFE;">AA;::"E;BLF=X"K>GBDF9HD"JE:J?;"BD;"B;G;<DFE;";OAD>EH;"F="N;BL;;E"BD;" ;OAD>EH;:S"FBD;="C9GBJ<G;OJEH"B;ADEJV9;:">=;"BI<JA>GGI";C<GFI;?MQ"nE"LJ=;G;::" AFCC9EJA>BJFES":<>A;@?JPJ:JFE"C9GBJ<G;OJEH"J:">ADJ;P;?"NI"C9GBJ<G;">EB;EE>";G;C;EB:" UF=CJEH">"<D>:;?">==>I">EB;EE>Q"yO>C<G;:">=;"C9GBJ<G;@JE<9B">E?"C9GBJ<G;@F9B<9B" K7n7|MS":JEHG;@JE<9B">E?"C9GBJ<G;@F9B<9B"Kqn7|M">E?"C9GBJ<G;@JE<9B">E?":JEHG;@ F9B<9B"K7nq|M"C9GBJ<G;OJEHQ"" 2#3"
56789)7*+9,-./,0. 1298349,-.
456789*+,5-, 45../6071*056,162, 38*4556067, ,
89:; <=>?4@>3A,,
BCDEFGDHI#JKLMN#O#PQLR#DMSKLEOHE#SLKFQNN#DH#O#FKMMTHDFOEDKH#NRNEQMU#V#NCDEFG#DN# TNQW#EK#FKHHQFE#EGQ#DHFKMDHI#XDHY#EK#EGQ#WQNDLQW#KTEIKDHI#XDHY#OHW#WDLQFEN#EGQ# DHFKMDHI#MQNNOIQ#EK#EGQ#OSSLKSLDOEQ#KTEIKDHI#XDHYU#ZQE#TN#THWQLNEOHW#EGQ#FKHFQSE#KJ# NCDEFGDHI#CDEG#EGQ#GQXS#KJ#O#NDMSXQ#DXXTNELOEDPQ#Q[OMSXQU## # \KHNDWQL#O#ILKTS#KJ#2#SQKSXQ#CDEG#EQXQSGKHQNU#]J#CQ#CQLQ#EK#TNQ#WDLQFE#XDHQN#^QECQQH# OXX#EGQ#SQKSXQ_#CQ#CKTXW#HQQW#`2#WTSXQ[#aCDLQN#EGOE#OXXKC#NDMTXEOHQKTN#ECKbCOR# FKHPQLNOEDKHc#XDHQNU#dGQ#OLDEGMQEDF#DN#SLQEER#NDMSXQ#b#EK#FKHHQFE#6#NT^NFLD^QLN#WDLQFEXR_# CQ#HQQW#6e6fghij#XDHQNU#dGDN#DN#OXLDIGE#ON#XKHI#ON#EGQ#HTM^QL#KJ#NT^NFLD^QLN#DN#XQNN#OHW# EGQ#WDNEOHFQN#OLQ#OXNK#NMOXXU#kTE#DH#EGQ#SLQNQHE#WOR#QXQFELKHDF#FKMMTHDFOEDKH#NRNEQMN_# CQ#OLQ#EOXYDHI#O^KTE#FKHHQFEDHI#EGQ#QHEDLQ#CKLXW#b#K^PDKTNXR#WDLQFE#FKHHQFEDKHN#OLQ# HKE#EGQ#OHNCQLU#lQ#HQQW#EK#WQNDIH#O#NRNEQM_#CGDFG#FOH#FKHHQFE#EGQ#SQKSXQ#JLKM# OHRCGQLQU#mKC_#DJ#CQ#CQLQ#EK#TNQ#O#NCDEFG#DHNEQOW_#CQ#FKTXW#LQWTFQ#EGQ#HTM^QL#KJ# XDHQN#HQQWQW#EK#nTNE#1_#^QFOTNQ#CDEG#2#NT^NFLD^QLN_#EGQLQ#CKTXW#OE#EGQ#MKNE#^Q#nTNE#1# FKHPQLNOEDKHN#NDMTXEOHQKTNXRU#dGQ#NCDEFG#CKTXW#GOPQ#1#XDHQN#DHEQLHOXXR#OHW#DE#CKTXW# TNQ#EGQ#QOFG#XDHQ#EK#FKHHQFE#O#SODL#KJ#NT^NFLD^QLNU#dGDN#GON#^QQH#DXXTNELOEQW#DH#oDITLQ#p# ^QXKCU#
, q07/58,:r,,s,+0.9t8,+40*7u,40*u,vf069/*,162,vf5/*9/*,t068+,,
ZQE#TN#ONNTMQ#EGQ#NCDEFG#DH#EGQ#O^KPQ#WDOILOM#GON#1#DHEQLHOX#XDHQN#V_#k_#\#OHW#wU#BOR# V#DN#^QDHI#TNQW#EK#FKHHQFE#x#EK#p#OHW#k#EK#FKHHQFE#1#EK#yU#mKC#DJ#z#CQLQ#EK#CDNG#EK#IQE# FKHHQFEQW#EK#2_#EGQ#NCDEFG#CKTXW#{SOEFG{#EGQ#QHWN#KJ#\#NK#EGOE#z#OHW#2#OLQ#FKHHQFEQWU# ]HNEQOW_#DJ#|#GOW#XDJEQW#EGQ#SGKHQ#^QJKLQ#EGQ#z#OHW#ELDQW#EK#IQE#FKHHQFEQW#EK#`_#EGQ# NCDEFG#CKTXW#TNQ#\#EK#{SOEFG{#O#FKHHQFEDKH#^QECQQH#|#OHW#`U#lQ#ONNTMQ#EGOE#EGQ#KLWQL# DH#CGDFG#EGQ#XDHQN#V_#k_#\#OHW#w#OLQ#TNQW#DN#DH#OFFKLWOHFQ#CDEG#EGQDL#OXSGO^QEDFOX# KLWQLU#dGDN#ONNTMSEDKH#DN#POXDW#OHW#OHR#KEGQL#KLWQL#CKTXW#HKE#GOPQ#OHR#^QOLDHI#TSKH# EGQ#FKHFQSE#KJ#NCDEFGDHIU#dGQ#JOFE#LQMODHN#EGOE#EGQ#XDHQN#V_#k_#\#OHW#w#OLQ#HKE#JD[QWU# dGQDL#QHWbSKDHEN#FGOHIQ#JLKM#EDMQ#EK#EDMQU#}~ ~ NCDEFGQW #
q07/58, r,,?45,<40*7u8+,40*u, f+/ +750 85+,,
,
\KHNDWQL#`#NTFG#2bNT^NFLD^QL#NCDEFGQN#ON#NGKCH#DH#EGQ#oDITLQ#2U#dGQR#OLQ#NQQMDHIXR# FKHHQFEQW#^R#nTNE#KHQ#XDHQU#kTE#EGDN#XDHQ#DN#O#MTXEDSXQ[QW#XDHQ_#OHW#DN#HKE#NCDEFGQWU#]E#DN# FOXXQW#O#ELTHYU#]E#DN#HKE#NCDEFGQW#^QFOTNQ#DE#OXCORN#FOLLDQN#ELOJJDF#JLKM#NCDEFG#O#NCDEFG# ^U#ZQE#TN#ONNTMQ#EGQ#MTXEDSXQ[QL#DN#FOSO^XQ#KJ#NQHWDHI#1#NDMTXEOHQKTN#FKHPQLNOEDKHN# KPQL#KHQ#XDHQU#dGQH#EGQ#ELTHY#FKTXW#^Q#FOLLRDHI#FKHPQLNOEDKHN#^QECQQH#xbxy_#1b _#2bxx# OHW#ybx`U#dGQ#XDHQN#DHEQLHOX#EK#NCDEFG#O#CKTXW#FKHHQFE#x_1_2#OHW#y#EK#EGQ#MTXEDSXQ[QL# ## 12#
0!
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
^9.6_+/`a/b/29c*7+/d/e/d/239845//
$
KN<;OB<CX$=:FLD$F$V7?L$<8=H?;FC;$?H:7$<C$;7:7OH889C<OF;<HC$C7;NH?IDJ$Y;$7CFA:7D$FCL$ ;NH$9D7?D$;H$OH889C<OF;7$N<;B$7FOB$H;B7?J$UFD<OF::LM$;B7?7$F?7$;B?77$OF;7XH?<7D$HG$ KN<;OB<CX$ FEf g7DDFX7$KN<;OB<CX$ AEf h<?O9<;$KN<;OB<CX$ OEf iFOI7;$KN<;OB<CX$ $ 2!3$
56789*7+,9-./0-1/ 2398459-./
456789*+,5-, 45../6071*056,162, 38*4556067, ,
8#9:;9<:=#>?:=9@#9AB>C>#D#9:;9<:=#EC=?CCF#=@C#:F9BG:FH#DFI#=@C#B<=HB:FH#JD=@>#>B#=@D=# =@C#:F9BG:FH#GC>>DHC#9DF#HB#=B#=@C#B<=J<=#A:FKL#M@C#9:;9<:=#EC=?CCF#DFN#=?B#IC>:;CI# JD=@>#:>#9AB>CI#EN#D#9BF=;BA#>:HFDA#DJJA:CI#=B#=@C#>?:=9@L#OF#GC>>DHC#DFI#JD9KC=# >?:=9@:FHP#=@C#:F9BG:FH#GC>>DHCQJD9KC=#=B#=@C#FBIC#:>#>=B;CI#:F#D#GCGB;N#AB9D=:BFL# M@CF#=@C#>=B;CI#GC>>DHCQJD9KC=#:>#=;DF>RC;;CI#=B#DFB=@C;#IC>:;CI#GCGB;N#AB9D=:BFP# R;BG#?@C;C#=@C#GC>>DHCQJD9KC=#9DF#EC#ICA:SC;CIQRB;?D;ICI#=B#=@C#FCT=#FBIC#B;#=@C# ;C9C:SC;L#M@C#=;DF>RC;#R;BG#=@C#:F9BG:FH#E:F#=B#=@C#B<=HB:FH#E:F#:>#IBFC#?:=@#D# 9BF=;BAQ9BGGDFI#>:HFDAL#
UVWX YZ[[\]Z,[^_`4a_3],,
bC>>DHC#>?:=9@:FH#:>#BFC#BR#=@C#:F:=:DA#GBIC#BR#>?:=9@:FHP#?@:9@#@CAJCI#D#AB=#:F#=@C# J;BA:RC;D=:BF#BR#=@C#CAC9=;:9DA#9BGG<F:9D=:BFL#O=#:>#:F=C;C>=:FH#=B#KFB?#=@D=#CAC9=;:9DA# 9BGG<F:9D=:BF#:F#=@C#RB;G#BR#MCACH;DJ@#D;;:SCI#CD;A:C;#=@DF#=@C#MCACJ@BFCL#cC=#<>#=;N# =B#<FIC;>=DFI#=@C#?B;K:FH#BR#=@C#MCACH;DJ@#>N>=CG#=B#E<:AI#=@C#9BF9CJ=#BR#GC>>DHC# >?:=9@:FHL#dBF>:IC;#=@C#e:H<;C#f2#D>#D#?B;K:FH#GBICA#BR#=@C#MCACH;DJ@#gC=?B;KL#8># DF#CTDGJAC#BR#GC>>DHC#>?:=9@:FHh#8P#iP#jLe#D;C#=@C#GC>>DHC#>?:=9@:FH# FBIC>Q=CACH;DJ@#BRR:9C>L#
k07/58,lmn,,^556067,Y528o,5-,*p8,`8o87519p,[q+*8.+,
#
M@C#r>C;#?@B#?DF=>#=B#>CFI#D#=CACH;DJ@#9BGC>#=B#D#MCACH;DJ@#BRR:9C#?:=@#@:>#GC>>DHC# DFI#@DFI>#:=#BSC;#=B#=@C#9B<F=C;#BJC;D=B;L#gB?#=@C#RBAAB?:FH#>Cs<CF9C>#BR#CSCF=># B99<;h## tu M@:>#GC>>DHC#:>#>B;=CI#BF#=@C#ED>:>#BR#=@C#;C9C:SC;v>#DII;C>>#DFI#9A<EECI#?:=@# B=@C;#GC>>DHC>#GBS:FH#:F#=@C#>DGC#I:;C9=:BFP#:LCLP#:R#:F#=@C#wCA@:v>#=CACH;DJ@# BRR:9C#=@C#BJC;D=B;#;C9C:SC>#f2#GC>>DHC>#RB;#DII;C>>C>#:F#b<GED:P#=@CF#=@CN#D;C# E<FIACI#DFI#D;C#>CF=L## tu M@C#BJC;D=B;#:F#=@:>#9D>C#IBC>#FB=#EB=@C;#:R#=@C#CF=:;C#JD=@#x=B#b<GED:y#:># DSD:ADEAC#B;#FB=L#zC#{<>=#RB;?D;I>#=@:>#GC>>DHC#=B#=@C#FCT=#FBIC#xMCACH;DJ@# |RR:9Cy#:F#=@C#JD=@#xHCFC;DAAN#J;CIC=C;G:FCIyL# tu #M@C#BJC;D=B;#D=#=@C#FCT=#FBIC#;C9C:SC>#DAA#=@C>C#GC>>DHC>P#>=B;C>P#>B;=>#DFI# RB;?D;I>#=@CGL## OF#=@C#BAICF#IDN>P#=@C#>=B;DHC#?D>#IBFC#EN#GDF<DAANL#z<GDF#EC:FH>#=@CF#I:I#=@C# >B;=:FHL#cD=C;#BF#=@C#>=B;DHC#J;B9C>>#?D>#D<=BGD=CI#<>:FH#JDJC;#=DJC>L#M@C#DISDF=DHC# BR#<>:FH#JDJC;#=DJC>#:>#=@D=#=@C#:F9BG:FH#>:HFDA#:>#J<F9@CI#BF=B#:=#D<=BGD=:9DAAN#DFI# =@C#>DGC#=DJC#9DF#EC#I:;C9=AN#RCI#:F=B#=@C#=CACH;DJ@#GD9@:FC#RB;#R<;=@C;#=;DF>G:>>:BFL# OF#=@C#MCACH;DJ@#>N>=CGP#<FA:KC#=CACJ@BFC>P#FB#9:;9<:=>#D;C#>?:=9@CIL#OFRB;GD=:BF#:># =;DF>G:==CI#D>#I:>9;C=C#GC>>DHC>L#}B#=@:>#GC=@BI#BR#>?:=9@:FH#:>#KFB?F#D>#bC>>DHC# }?:=9@:FHL#M@C#:GJB;=DF=#9BF=CT=#:>#~ L#8=#CD9@#FBIC#x=CACH;DJ@# BRR:9Cy#=@C#GC>>DHC#=@D=#D;;:SC>#R;BG#=@C#J;CS:B<>#FBIC#:F#=@C#JD=@#:>#>=B;CI#RB;#>BGC# =:GCP#>B;=CIP#DFI#ICJCFI:FH#BF#=@C#DSD:ADE:A:=N#BR#=@C#JD=@#R;BG#=@:>#FBIC#=B#=@C#FCT=# :F#=@C#JD=@P#=@C#GC>>DHC#:>#RB;?D;ICIL## 12#
0!
67898$:898$;8<=9>?$=8?8@9>A7$BCCD;8E$:7D;7$>;=8F$?DG8$<BF8E$BC$=8?8@9>A7$<8=:B9G$><F$ A89CB9H8F$=78$=>EG$BC$H8EE>@8$E:D=;7D<@I$>E$=78$=8?8A9D<=89E$;>H8J$KB9E8$;BF8$:>E$ 98A?>;8F$LM$H>;7D<8$=8?8@9>A7M$98EN?=D<@$D<$C>E=89$BA89>=DB<EI$O>=89$;BHAN=89E$:898$ D<=9BFN;8F$=B$FB$=78$CN<;=DB<$BC$H8EE>@8$E:D=;7D<@I$PBHAN=89$L>E8F$H8EE>@8$ E:D=;7D<@$DE$E=D??$NE8F$H><M$B9@><DQ>=DB<E$7>RD<@$H><M$?B;>=DB<E$BC$:B9GD<@I$ SB:8R89J$DC$:8$;BHA>98$=78$;BE=J$=78$=8?8@9>A7$DE$?8EE$;BE=?M$=7><$=78$=8?8A7B<8$FN8$=B$ =78$CB??B:D<@$98>EB<ET$U$ VW X8==89$N=D?DQ>=DB<$BC$=9><EHDEEDB<$H8FD>$$ VW 678$H8EE>@8$E:D=;7D<@$DE$FB<8$BR89$FDE=9DLN=8F$=DH8I$$ VW SB@@D<@$YP>A=N9D<@$=78$8<=D98$A>=7Z$FB8E$<B=$B;;N9$D<$H8EE>@8$E:D=;7D<@I$[<?M$ B<8$BC$=78$?D<GE$D<$=78$8<=D98$A>=7$H>M$L8$LNEM$>=$>$@DR8<$=DH8I$$ SB:8R89J$H8EE>@8$E:D=;7D<@$98\ND98E$E=B9>@8$><F$=7DE$H>M$9>DE8]NA$=78$;BE=$BC$=78$ EME=8HEI$$
^_`a bcdbecf/2gcfbhcij//
klmnolpUqrlpnsltu$DE$F8CD<8F$>E$>$H8;7><DEH$>AA?D8F$D<$=8?8;BHHN<D;>=DB<E$YH>D<?M$D<$ vw6xZ$:7898LM$=78$NE89$DE$>??B;>=8F$=78$CN??$NE8$BC$=78$;BHHN<D;>=DB<$;7><<8?$CB9$ =78$FN9>=DB<$BC$=78$;>??I$67>=$DE$DC$=:B$A>9=D8E$:DE7$=B$;BHHN<D;>=8J$=78$;>??D<@$A>9=M$ 7>E$=B$CD9E=$FD>?$=78$<NHL89E$BC$=78$;>??8F$A>9=MI$[<;8$=7BE8$<NHL89E$>98$FD>?8FJ$=78$ B9D@D<>=D<@$8y;7><@8$:D??$CD<F$>$A>=7$=B$=78$=89HD<>=D<@$8y;7><@8J$:7D;7$:D??$D<$=N9<$ CD<F$=78$;>??8F$A>9=MI$zC=89$=78$;D9;ND=$B9$;7><<8?$7>E$L88<$E8=$NAJ$=78<$;BHHN<D;>=DB<$ :D??$=>G8$A?>;8J$=78<$B<;8$=78M$>98$=79BN@7$=78$;7><<8?$:D??$L8$;?8>98FI$67DE$ H8;7><DEH$DE$98C8998F$=B$>E$L8D<@$;B<<8;=DB<]B9D8<=8FI$ $ {BD;8$L8D<@$>$R89M$RD=>?$H8FDNH$BC$7NH><$;BHHN<D;>=DB<J$=8?8A7B<8$:>E$D<R8<=8FI$|=$ A89HD==8F$?B<@$FDE=><;8$RBD;8$;BHHN<D;>=DB<I$678$<88F$BC$>$NE89$=B$=>?G$=B$>$F8ED98F$ A89EB<$BN=$BC$H><M$A89EB<E$B<$>$98>?$=DH8$L>EDE$?8>FE$=B$=78$;B<;8A=$BC$8E=>L?DE7D<@$>$ FD98;=$A>=7$L8=:88<$=78$;>??89$><F$=78$;>??8F$NE89EI$PD9;ND=$E:D=;7D<@$:>E$;B<;8DR8F$=B$ L8$><$>AA9BA9D>=8$=8;7<D\N8$CB9$=78$AN9ABE8I$68?8A7B<8$EME=8HE$NE8$;D9;ND=$E:D=;7D<@$ ?>9@8?M$=B$F>=8$L8;>NE8$D=$E89R8E$=78$AN9ABE8$R89M$:8??I$SB:8R89J$>$H>}B9$F9>:L>;G$BC$ ;D9;ND=$E:D=;7D<@$DE$=78$98\ND98H8<=$BC$>$F8FD;>=8F$A>=7$L8=:88<$=78$;>??D<@$><F$=78$ ;>??8F$A>9=D8EI$67DE$H8><E$98E89RD<@$98EBN9;8E$?DG8$=78$;7>D<$BC$E:D=;78E$><F$ =9><EHDEEDB<$H8FD>$BR89$=78$8<=D98$A>=7I$67DE$DE$BLRDBNE?M$>$;BE=?M$A9BABED=DB<I$$678$ ;D9;ND=$E:D=;7D<@$A9B;8EE$7>E$L88<$D??NE=9>=8F$D<$=78$~D@N98$33J$CB9$=78$=8?8A7B<8$ <8=:B9GI$|<$:7D;7J$=78$A7MED;>?$;B<<8;=DB<E$>98$H>F8$LM$=78$E:D=;7D<@$BCCD;8E$=B$ ;B<<8;=$=78$;>??$BC$=:B$NE89EI$$
9.6 +/ /b9 4698/2398459-./9-/85+/f+7+*5 -+/i+83 /
2!3$
$
56789*7+,9-./0-1/ 2398459-./
456789*+,5-, 45../6071*056,162, 38*4556067, ,
89:#;<=>#=9??;=@A9?B#C>DEA=<F#EGA@=>;E#<:;#E;@#A?#@>;#@;F;C>9?;#?;@G9:H#@9#=:;<@;#<# C>DEA=<F#I=A:=JA@K#L#M><@NE#@>;#O9P#9Q#@>;#EGA@=>A?R#9QQA=;#SGA@=>;E#<:;#E;@#JC#<@#@>;# P;RA??A?R#9Q#@>;#=9??;=@A9?#<?T#U<A?@<A?;T#@>:9JR>9J@#@>;#=9??;=@A9?V#W;@G9:H# :;E9J:=;E#:;E;:X;T#<?T#T;TA=<@;T#Q:9U#E;?T;:#@9#:;=;AX;:V#Y9G;X;:#@>AE#AE#?9@#<#X;:D# ;QQA=A;?@#E@:<@;RD#<E#<#=9??;=@A9?#I>9FTEK#<#C>DEA=<F#FA?;#;X;?#TJ:A?R#IEAF;?=;K# C;:A9TE#ZG>;?#@>;:;#AE#?9@>A?R#@9#@:<?EUA@[# \2]16*178+,5-,4057/0*,^40*7_067`a bc d?=;#@>;#=A:=JA@#><E#P;;?#E;@#JCB#=9UUJ?A=<@A9?#AE#Q<E@#<?T#GA@>9J@#;::9:V## bc e@#AE#>AR>FD#:;FA<PF;# f0+12]16*178+`, bc e?X9FX;E#<#F9@#9Q#9X;:>;<TB#TJ:A?R#=><??;F#E;@#JCV## bc g<AE@E#<#F9@#9Q#P<?TGAT@>B#;EC;=A<F#A?#EC;;=>#G>;:;PD#<#JE;:#AE#E9U;@AU;E# FAE@;?A?RB#<?T#?9@#@<FHA?RV## bc h><??;F#E;@#JC#U<D#@<H;#F9?R;:V# M9#9X;:=9U;#@>;#TAE<TX<?@<R;E#9Q#=A:=JA@#EGA@=>A?RB#C<=H;@#EGA@=>A?R#G<E#A?@:9TJ=;TB# <?T#A?E@;<T#9Q#T;TA=<@A?R#<#=><??;F#@9#9?FD#@G9#C<:@A;E#Q9:#@>;#TJ:<@A9?#9Q#@>;#=<FF#A@# :9J@;E#C<=H;@E#A?TAXATJ<FFD#<E#@>;D#<:;#<X<AF<PF;V#M>AE#U;=><?AEU#AE#:;Q;::;T#@9#<E# P;A?R#=9??;=@A9?F;EE#C<=H;@#EGA@=>A?R#<E#TAE=JEE;T#A?#@>;#?;i@#E;=@A9?V#
j,,,,,4_876,k5/5,l55758++,m,
nVc g:A@;#TAQQ;:;?=;E#P;@G;;?#8op#<?T#MopV# qqqqqqqqqqqqqqqqqqqqqqqqqqqqqVV# qqqqqqqqqqqqqqqqqqqqqqqqqqqqqVV# qqqqqqqqqqqqqqqqqqqqqqqqqqqqqVV# 2Vc g><@#AE#hoprs## qqqqqqqqqqqqqqqqqqqqqqqqqqqqqVV# qqqqqqqqqqqqqqqqqqqqqqqqqqqqqVV# qqqqqqqqqqqqqqqqqqqqqqqqqqqqqVV# qqqqqqqqqqqqqqqqqqqqqqqqqqqqqVV# tVc g><@#AE#hA:=JA@#SGA@=>A?Rs# qqqqqqqqqqqqqqqqqqqqqqqqqqqqqVV# qqqqqqqqqqqqqqqqqqqqqqqqqqqqqVV# qqqqqqqqqqqqqqqqqqqqqqqqqqqqqVV#
uvwxyl\4z{|,^}~|4 ~3 ,,
<=H;@#SGA@=>A?R#AE#@>;#P<=HP9?;#9Q#@>;#C:;E;?@#T<D#=9UUJ?A=<@A9?#EDE@;UEV#M>;# C<=H;@#EGA@=>A?R#G9:HE#9?#@>;#C:A?=ACF;#@><@#@>;#F9?R#U;EE<R;E#<:;#Q:<RU;?@;T#A?@9# EU<FF#EA ;#J?A@EB#H?9G?#<E# V#e@#AE#@>;E;#C<=H;@E#@><@#<:;#@:<?EUA@@;T#A?E@;<T#9Q# @>;#EA?RF;#F9?R#U;EE<R;V#M>AE#U;@>9T#AE#EFAR>@FD#TAQQ;:;?@#Q:9U# 8++178,+40*7_067, <?T#AE#=<FF;T#l1768*,+40*7_067V#8ARJ:;n2#E>9GE#<#U;EE<R;#P:9H;?#T9G?#A?@9#EU<FF# EA ;T#C<=H;@E# nB# 2#q 1V# # 12#
0! 56789*7+,9-./0-1/ 2398459-./
67/ 68/ 69/ 6:/ ;/ ;/ 6-/
<9.6=+/78>//?/5+@@0.+/A=BC+-/9-8B/-/-6DA+=/BE/*04C+8@//
FGHIH$JKLMHNI$KOH$PQR$NOKPISTNNHU$QVHO$NGH$PHNRQOM$TP$NGH$IKSH$SKPPHO$KI$NGH$ SHIIKWHI$TP$SHIIKWH$IRTNLGTPWX$FGH$SQUHY$TI$Z[IN$YTMH$\GKOTPW$]^$NKMTPW$N[OP$KPU$TI$ KPKYQWQ[I$NQ$NGH$LQPVH^QO$]HYN$TP$K$RKOHGQ[IHX$_P$NGTI$LKIH`$NGH$_NHSI$KOH$JTLMHU$aOQS$ NGH$INQOKWH$OQQS$KPU$JYKLHU$QP$NGH$LQPVH^QO$]HYN$HVHO^$NTSH$K$L[INQSHO$SKMHI$KP$ QOUHOX$_P$NGTI$SQUHY`$NGTI$TI$TSJQONKPN$NGKN$bTaaHOHPN$L[INQSHOI$SK^$OHc[HIN$K$UTaaHOHPN$ P[S]HO$Qa$TNHSI$KPU$bTaaHOHPN$[IHOId$TNHSI$SK^$]H$TPNHOIJHOIHU$QP$NGH$LQPVH^QO$]HYN$ eNGH^$KOH$fS[YNTJYHgHUhiX$$\TSTYKOY^$TP$NGH$jKLMHN$\RTNLGTPW`$JKLMHNTkHI$NGH$UKNK$NQ$ NOKPIaHO$KPU$l[YNTJYHg$TN$QPNQ$NGH$RTOHX$FG[I$JKLMHNI$aOQS$UTaaHOHPN$LQPPHLNTQPI$IGKOH$ NGH$IKSH$YTPM$ $ FGH$JKLMHNI$KOH$INQOHU$KPU$aQORKOUHU$KN$HVHO^$PQUHX$m]VTQ[IY^$HVHO^$JKLMHN$PQR$GKI$ NQ$GKVH$NGH$IQ[OLH$KPU$UHINTPKNTQP$KUUOHIIHIX$nVHP$TP$SHIIKWH$IRTNLGTPW$OHJHKNHU$ NOKPISTIITQP$Qa$KUUOHIIHI$KN$HVHO^$PQUH$LQPI[SHI$PHNRQOM$]KPURTUNGX$_P$JKLMHN$ IRTNLGTPW$NGH$QVHOGHKUoRKINKWH$TI$SQOH$]HLK[IH$HVHO^$JKLMHN$TI$PQR$OHc[TOHU$NQ$LKOO^$ NGH$KUUOHIIHI$QP$NGHTO$GHKUX$$FG[I$HKLG$JKLMHN$TI$LQSJQIHU$Qa$NGH$JK^YQKU$eNGH$UKNK$ RH$RKPN$NQ$NOKPISTNi$KPU$K$GHKUHOX/FGH$GHKUHO$LQPNKTPI$TPaQOSKNTQP$[IHa[Y$aQO$ NOKPISTIITQP`$I[LG$KIp$ qr \Q[OLH$eIHPUHOdIi$KUUOHII$$ qr bHINTPKNTQP$eOHLTJTHPNdIi$KUUOHII$ qr jKLMHN$ITkH$ qr \Hc[HPLH$P[S]HO$$ qr nOOQO$LGHLMTPW$TPaQOSKNTQP$ FGH$GHKUHO$TPNOQU[LHI$QVHOGHKUI`$NGKN$TI`$KUUTNTQPKY$]TNI$NQ$]H$IHPNX$$FGHOHaQOH`$TN$TI$ PQN$RTIH$NQ$GKVH$JKLMHNI$NGKN$KOH$NQQ$ISKYYX$_P$NGH$JKLMHN$IRTNLGTPW`$HKLG$LQSJ[NHO$ KNNKLGHU$NQ$K$PHNRQOM$TI$KIITWPHU$K$[PTc[H$P[S]HO$eLKYYHU$KUUOHIIiX$s$JKLMHN$LQPNKTPI$ NGH$KUUOHII$Qa$NGH$LQSJ[NHO$NGKN$IHPN$TN$KPU$NGH$KUUOHII$Qa$NGH$LQSJ[NHO$NQ$RGTLG$TN$TI$ IHPNX$$_P$WHPHOKY`$JKLMHNI$PHHU$PQN$]H$Qa$NGH$IKSH$ITkH`$FGH$_PNHOPHN$jOQNQLQY$IJHLTaTHI$ NGH$SKgTS[S$ITkH$TP$NGH$aQOS$Qa$lKgTS[S$NOKPISTIITQP$[PTN$elFti$KPU$UQHI$PQN$ WTVH$NGH$uQ$STPTS[S$ITkHX$$v[N`$GHKUHO$ITkH$TI$aTgHU$eHXWX`$wx$]^NHI$aQO$Fyjo_j$TP$NGH$ _j$VHOITQP$z$iX$$jKLMHNI$KOH$WHPHOKNHU$]^$NGH$PHNRQOM$GKOURKOH`$GQRHVHO$NGH$ KJJYTLKNTQP$eHXWX`$HSKTYi$UQHI$PQN$MPQR$NGKN$NGH$UKNK$NQ$]H$NOKPISTNNHU$TI$JKLMHNTkHUX$ {GHP$JKLMHNI$KOH$OHLHTVHU`$NGH^$KOH$J[N$NQWHNGHO$]HaQOH$NGH$KJJYTLKNTQP$KLLHIIHI$NGH$ UKNKX$FGH$JOQLHII$TI$IGQRP$TP$NGH$|TW[OH$}3$]HYQR`$RGHOH$s$KPU$v$KOH$NGH$IHPUHO$KPU$ y$KPU$b$KOH$NGH$OHLHTVHOX$$
<9.6=+79>/604C+8/2398459-./~,0D*7+//
2!3$
/
456789*+,5-, 45../6071*056,162, 38*4556067, ,
89#:;<=#<=>#?@>A#B>@@CD>#;E#C#FCGH><#:;<=#<=>#=>CI>A#;@#<9#J>#<ACE@B;<<>I#CK@9L#MA9B# <=;@#F9;E<#9N#O;>:#E><:9AH#JCEI:;I<=#G9E@?B>I#;@#BCP;B?B#;E#FCGH><#@:;<G=;ED#CEI# B;E;B?B#;E#G;AG?;<#@:;<G=;EDL#QCGH><@#9N#<=>#@CB>#B>@@CD>#CA>#KC?EG=>I#;E<9#<=># E><:9AH#;E#FCACKK>K#9O>A#I;NN>A>E<#COC;KCJK>#N9A:CAI#K;EH@#C<#C#E9I>L#R=>@>#FCGH><@# :9?KI#<ACO>K#<=A9?D=#I;NN>A>E<#FC<=@#<9#CAA;O>#C<#<=>#I>@<;EC<;9EL#R=;@#@;B?K<CE>9?@# <ACE@B;@@;9E#9N#FCGH><@#9O>A#I;NN>A>E<#FC<=@#A>@?K<@#;E#N?A<=>A#;BFA9O>B>E<#9N#<=>#K;EH# ?<;K;SC<;9E#G9BFCA>I#<9#<=>#B>@@CD>#@:;<G=;EDL#TE9<=>A#CIOCE<CD>#;@#<=C<#E9#K;EH#;@# >EDCD>I#N9A#C#K9ED#<;B>#@;EG>#<=>#FCGH><@#CA>#9N#@BCKK>A#@;S>#<=CE#<=>#@;EDK>#B>@@CD>L## R=;@#F>AB;<@#J><<>A#@=CA;ED#9N#<=>#K;EH@#CB9ED@<#B?K<;FK>#?@>A@L#U9:>O>A#<=>#@G=>B># V?@<#I;@G?@@>I#=C@#<:9#BCV9A#IAC:JCGH@L#M;A@<KWX#<=>#FCGH><@#9N#<=>#@CB>#B>@@CD># <ACO>K;ED#<=A9?D=#I;NN>A>E<#FC<=@#BCW#CAA;O>#C<#<=>#I>@<;EC<;9E#C<#I;NN>A>E<#<;B>@#I?>#<9# I;NN>A>E<#I>KCW@#>EG9?E<>A>I#;E#I;NN>A>E<#FC<=@L#R=?@#<=>#FCGH><@#BCW#CAA;O>#9?<#9N# 9AI>AL#YE#9AI>A#<9#I>K;O>A#<=>B#<9#<=>#I>@<;EC<;9EX#<=>W#E>>I#<9#J>#9AI>A>I#:=;G=# A>Z?;A>@#>P<AC#FA9G>@@;ED#CEI#@9#B9A>#I>KCWL#R=>W#E>>I#<9#J>#D;O>E#@>Z?>EG>#E?BJ>A@# N9A#A>9AI>A;ED#<=>BL#R=>#@>Z?>EG>#E?BJ>A#;EGA>C@>@#<=>#9O>A=>CI#CEI#A>Z?;A>@#B9A># E><:9AH#JCEI:;I<=L#8>G9EIKWX#@9B>#9N#<=>#FC<=@#BCW#E9<#J>#O>AW#D99I#CEI#@9B># FCGH><@#BCW#D><#K9@<L#R=;@#:9A@>E@#<=>#Z?CK;<WL#R9#;BFA9O>#Z?CK;<WX#<=>W#A>Z?;A># A><ACE@B;@@;9E#:=;G=#;E#<?AE#A>Z?;A>@#B9A>#FA9G>@@;ED#<;B>#CEI#B9A>#JCEI:;I<=L#YE# @F;<>#9N#<=>@>#IAC:JCGH@#<=>#FCGH><#@:;<G=;ED#;@#<=>#B9@<#NCO9A>I#<>G=E;Z?>#;E#<=># FA>@>E<#ICW#G9BB?E;GC<;9E#@W@<>B@L#R=>#JC@;G#A>C@9E@#J>=;EI#<=;@#G=9;G>#CA>[# C\] ^9BF?<>A#<ACNN;G#J>;ED###B9@<KW#<>P<#;@#E9E#A>CK#<;B>##_;E#<=>#J>D;EE;ED#9N#<=># E><:9AH;ED\# J\] ^9BF?<>A#IC<C#<ACNN;G#;@#=;D=KW#J?A@<W#;E#EC<?A># ^9E@;I>A;ED#<=>@>#N>C<?A>@#;<#J>G9B>@#9JO;9?@#<=C<#G;AG?;<#@:;<G=;ED#:C@#E9<#<=>#A;D=<# H;EI#9N#@:;<G=;EDL#`>@@CD>#@:;<G=;ED#GCE#I9#<=>#V9J#J?<#N9A#J><<>A#K;E>#?<;K;SC<;9E# FCGH><#@:;<G=;ED#;@#FA>N>ACJK>L#R=?@#G9BF?<>A#E><:9AH@#?@>I#FCGH><#@:;<G=;EDL#R=># I;NN>A>EG>#J><:>>E#<=>#FCGH><#@:;<G=;ED#CEI#<=>#G;AG?;<#@:;<G=;ED#=C@#J>>E#9?<K;E>I#;E# <=>#RCJK>#aL# #########b1cd8,ef,,g0--858678,c8*4886,*h8,91768*,+40*7h067,162,4057/0*,i40*7h067,, ij35j, k1768*,i40*7h067, 4057/0*,i40*7h067, a# lCEI:;I<=#;@#CKK9GC<>I#IWECB;GCKKWL# M;P>I#JCEI:;I<=#CKK9GC<;9EL# m# QCGH><@#=C@#=>CI>AX#M^8L# n9Eo<#I>CK#:;<=#IC<C#G9E<>E<#CEI# >AA9ApG=>GH;ED# q# l><<>A#J?NN>A;EDL#8W@<>B#GCE#J># 8;BFK>#J?NN>A;ED# 9F>AC<>I#C<#I;NN>A>E<#J;<#AC<>#<9#;E<>Ap E><:9AHL# 2# `CW#J>#B9A>#>G9E9B;GCK#C@#E9<# ^9@<@#B9A>#N9A#=CAI:CA>L# E>>I>I#I>I;GC<>I#G;AG?;<L# 1# R=>#FCGH><#E>>I@#<9#J>#A>p<ACE@B;<<>I# rEG>#G9EE>G<;9E#;@#>@<CJK;@=>IX# >O>AW#<;B>#:=>E#;<#D><@#K9@<X#ICBCD>I# G9BB?E;GC<;9E#;@#NC@<#CEI#CKB9@<# J>N9A>#;<#;@#A>G>;O>I#;E#<=;@#B><=9IL# >AA9AK>@@L# sL# t@>N?K#N9A#J?A@<W#CFFK;GC<;9E@# t@>N?K#N9A#I>KCW#@>E@;<;O># CFFK;GC<;9E@# 41*875508+,5-,k1768*,i40*7h067,, R=>#FCGH><#@:;<G=;ED#;@#JC@;GCKKWX#GC<>D9A;S>I#;E#<=>#N9KK9:;ED#<:9#GC<>D9A;>@[# C\] ^9EE>G<;9E#u>@@#QCGH><#8:;<G=;ED## J\] ^9EE>G<;9E#rA;>E<>I#QCGH><#8:;<G=;ED# 12#
0!
5678679:;,,*378;,.<*==.>/3?*7.1287348,-..
@A###BCDE###FGHI#GJ###BKLAEFDEEDGAM###NLOPIBE###JKGF###L##EGQKOI###FLOCDAI###BG##L### HIEBDALBDGA##FLOCDAI###LKI#BKLAEFDBBIH#LE##NIKRNLOPIB##SLEDEM##FILADAT###BCLB##ILOC## NLOPIB##DE###BKLAEFDBBIH###LAH###KGQBIH###DAHINIAHIABUV##JKGF##LUU###GBCIK##NLOPIBEW##XGM## IYIA##DJ###BCI###EGQKOI###LAH###HIEBDALBDGA###FLOCDAIE##HG###AGB###OCLATIM##KGQBIKE###DA###BCI# FDHHUI###FLV###HIODHI###BG##OCLATI###BCI###KGQBIE##BCLB###HDJJIKIAB##NLOPIBE##JGUUGZ#M## KIEQUBDAT###DA#BCI###HDJJIKIAB###NLOPIBE###KILOCDAT##BCIDK##HIEBDALBDGA#DA#L#HDJJIKIAB#GKHIK# JKGF#BCI#EIAHIK###SIOLQEI#GJ#BCI#HDJJIKIAB#BKLAEFDEEDGA#NLBC#UIATBC#M###HDJJIKIAOI###DA###### BKLAEFDEEDGA###KLBIEM##LAH###BCI##LFGQAB###GJ##OGATIEBDGA#DA#BCI#HDJJIKIAB#NLBCEW##[CDE##DE### DUUQEBKLBIH###DA###BCI###JGUUGZDAT##\DTQKI#]^W###
_8-5`*.7ab..:;,,*378;,.6*==.>/3?*7.1287348,-..
#
@A#BCI#JDTQKI#]^M#X#HIAGBIE#BCI#EGQKOI#LAH#c#HIAGBIE#BCI#HIEBDALBDGAW#d#KINKIEIABE#BCI# KGQBIKM#ZCIKILE#BCI#NLOPIBE#CLYI#SIIA#ECGZA#SV#BCI#LKKGZW#[CKII#NLOPIBE#LKI# BKLAEFDBBIH#JKGF#BCI#ELFI#EGQKOI#FLOCDAI#CILHDAT#BGZLKHE#BCI#ELFI#HIEBDALBDGA# FLOCDAIW#eLOC#KGQBI#GJ#BCI#AIBZGKP#ECGZE#BCI#NLOPIBE#BCLB#CLYI#BKLYIUUIH#GYIK#DBW#@B#DE# OUILK###BCLB#####BCI###NLOPIBE#FLV#LKKDYI###LB###BCI###HIEBDALBDGA###FLOCDAI###DA###LA### GKHIK#HDJJIKIAB###JKGF#BCI#BKLAEFDEEDGA#GKHIKW#XDAOI##BCI##HIBLDUE##GJ##BCDE##KGQBDAT##BLSUI# #OCLATI#ZDBC#BCI#FGYIFIAB#GJ#BCI#NLOPIBEM#BCI#KGQBDAT##GJ#HDJJIKIAB##NLOPIBE##GJBIA# #OCLATIEW#[CI#BKLAEFDEEDGA#NKGOIEE#DAYGUYIE#BCI#JGUUGZDAT#EBINEf# gh [KLAEFDB##iLOPIB#]## gh [KLAEFDB##iLOPIB#j### gh #kk#### gh kkkWW# gh [KLAEFDB##iLOPIB#l### m+/n96*=b. gh io[X#piULAI#oUH#[IUINCGAI#XVEBIFEq# gh r[s#prEVAOCKGAGQE#[KLAEFDEEDGA#sGHIq# gh \KLFI#dIULV# gh sitX#psQUBD#iKGBGOGU#tLSIU#XZDBOCDATq# u8=/0v/,7/-*=.;w.3;,,*378;,6*==.9/3?*7.=287348,-b.. ]Wh exBKL#NKGOIEEDAT#NGZIK#DE#KIyQDKIH#LB#BCI#AGHIE#JGK#LBBLOCDAT#EGQKOI#LAH# HIEBDALBDGA#LHHKIEEIE#ZDBC#IYIKV#NLOPIB#ZCDOC#LUEG#DAOKILEIE#BCI#KIyQDKIH#BDFI# GJ#BKLAEFDEEDGAW## jWh zGAAIOBDGAUIEE#iLOPIB#EZDBOCDAT#KIyQDKIE#GYIKCILH#SDBE#JGK#DAHIxDAT{AQFSIKDAT# BCI#NLOPIBEW## 2!2#
4567896*+8,-./,0. 1287348,-.
456789*+,5-, 45../6071*056,162, 38*4556067, ,
89: ;<=>?@A#B<C#<DDEF?#<@#@G?#H?A@EI<@EJI#EI#<#D<IHJB#B<II?D9#KGEA#D?LMED?A#@G<@#<NN# @G?#<DDEFEIO#P<=>?@A#<D?#A@JD?H#<IH#D?<DD<IO?H9## Q9: RJB?#P<=>?@A#B<C#S?#NJA@#EI#@G?#I?@TJD>9##
UVWXVYZ456687*056,[5086*82,\1768*,]40*7^067,,
_I#@GEA#BJH?#J`#@D<IABEAAEJIa#P<=>?@A#`DJB#<#AJMD=?#B<=GEI?#@J#<#H?A@EI<@EJI#B<=GEI?# <D?#BJF?H#<A#P?D#@G?#AJMD=?#H?A@EI<@EJI#P<ED#S<AEAa#B?<IEIO#@G<@#<NN#P<=>?@A#`DJB#@G?# A<B?#AJMD=?#OJEIO#@J#@G?#A<B?#H?A@EI<@EJI#<D?#@D<IABE@@?H#JF?D#@G?#A<B?#DJM@?A#<IH# @GDJMOG#@G?#A<B?#DJM@?DA9#KGEA#D?AMN@A#EI#G<FEIO#<NBJA@#<#=JIA@<I@#H?N<C#J`# @D<IABEAAEJI#`JD#@G?#HE``?D?I@#P<=>?@A#<IH#@G?#HE``?D?I@#P<=>?@A#D?<=GEIO#@G?ED# H?A@EI<@EJI#EI#JDH?D#
#
b07/58,Wcd,,456687*056,[5086*82,\1768*,]40*7^067,,
_@###EA###=N?<D###`DJB#@G?###<SJF?###eEOMD?#f1#@G<@###<#=ED=ME@#g#NE>?###=JII?=@EJI###G<A#S??I### ?A@<SNEAG?H9###KG?###PDJ=?AA#J`##@D<IABEAAEJI###EI###@G?##<SJF?###=<A?###EA##<NAJ#=<NN?H### hED@M<N#g#iED=ME@##;<=>?@##RTE@=GEIO#<A##E@##EIFJNF?A##@G?###?A@<SNEAGB?I@###J`##<##`Ej?H## P<@G###=<NN?H##hED@M<N###iED=ME@###JD##hED@M<N###iJII?=@EJI###S?@T??I###@G?###AJMD=?###<IH### H?A@EI<@EJI###PDEJD##@J###@G?###@D<IA`?D##J`###P<=>?@A9#KG?#@D<IABEAAEJI#J`#P<=>?@A,EIFJNF?A# @G?#`JNNJTEIO#A@?PAk## # f9: iJII?=@EJI##l?LM?A@### m9: iJII?=@EJI##iJI`EDB##n# 89: KD<IABE@##;<=>?@#f## Q9: #KD<IABE@##;<=>?@#m# 19: ##oo### 29: oooo# p9: #KD<IABE@##;<=>?@#q## r9: #iJII?=@EJI##l?N?<A?### st1.9u8d,, #vKw#q?@TJD>A##
x,,,,,4^876,y5/5,\55758++,U,
f9: z?`EI?#@G?#HE``?D?I=?#S?@T??I#ATE@=G?H#<IH#N?<A?H#NEI?A9# ooooooooooooooooooooooooooooo99# ooooooooooooooooooooooooooooo99# # 12#
0!
678 9:;<$;=>$?@A<B:>C$BDEEFGAB;<ADG?$G><@D=H?I$ JJJJJJJJJJJJJJJJJJJJJJJJJJJJJ77$ JJJJJJJJJJJJJJJJJJJJJJJJJJJJJ77$ K78 LA?BF??$<:>$;CM;G<;N>?$DO$P;BH><$?@A<B:AGN$DM>=$BA=BFA<$?@A<B:AGN7$ JJJJJJJJJJJJJJJJJJJJJJJJJJJJJ77$ JJJJJJJJJJJJJJJJJJJJJJJJJJJJJ77$
QRSST2U55VWX/
9>$:DP>$YDF$EF?<$:;M>$FGC>=?<DDC$<:>$BDGB>P<$DO$EFZ<APZ>[AGN$;GC$?@A<B:AGN7$\?$@>$ CA?BF??>C$]FZ<APZ>[AGN$=>O>=?$<D$<:>$;^AZA<Y$<D$<=;G?EA<$C;<;$BDEAGN$O=DE$?>M>=;Z$P;A=?$ DO$>_FAPE>G<$`<=;G?EA<<>=?$;GC$=>B>AM>=?a$B;ZZ>C$bcdefghhijklmnnhbf$DG$;$?AGNZ>$ P:Y?AB;Z$E>CAFE$`B;ZZ>C$<:>$loplefghhijklmnnhba7$9:>=>;?q$\$rsbtogbhuhv$A?$<:>$ EFZ<APZ>[AGN$C>MAB>$<:;<$BDE^AG>?$<:>$?ANG;Z?$O=DE$<:>$CAOO>=>G<$<=;G?EA<<>=?$;GC$ ?>GC?$<:>E$DM>=$<:>$loplefghhijklmnnhb7$wF=<:>=$AG$<:A?$FGA<$YDF$:;M>$?<FCA>C$$ $ODF=$^;?AB$EFZ<APZ>[AGN$<>B:GA_F>?$;=>$O=>_F>GBY$CAMA?ADG$EFZ<APZ>[AGN$`wL]aq$xAE>$ CAMA?ADG$]FZ<APZ>[AGN$`xL]aq$yDC>$CAMA?ADG$]FZ<APZ>[AGN$`yL]a$;GC$zP;B>{CAMA?ADG$ ]FZ<APZ>[AGN$`zL]a7$\?$YDF$:;M>$?<FCA>C$<:;<$z@A<B:AGN$PZ;Y?$;$M>=Y$AEPD=<;G<$=DZ>$ AG$<>Z>BDEEFGAB;<ADG$G><@D=H?7$|<$>G;^Z>?$;GY$<@D$F?>=?$<D$BDEEFGAB;<>$@A<:$>;B:$ D<:>=7$};?AB;ZZYq$<:>=>$;=>$<:=>>$B;<>ND=A>?$DO$z@A<B:AGN$ZAH>$]>??;N>$z@A<B:AGNq$ yA=BFA<$z@A<B:AGN$;GC$~;BH><$z@A<B:AGN7$
QRS TW W 2 UW W/W V /
78 crgsthvj htdcv fq$\7$z7$ mnhn msr$ <:$ CA<ADGq$~=;B<AB>$ ;ZZ$DO$|GCA;q$ >@$ L>Z:A7$6 K7$ 678 ntvcisktocnjtcj mtmj crrsnokmtocnj j htdcv onp $K=C$ CA<ADGq$}>:=DF $ wD=DF ;Gq$x;<;$]B =;@$ AZZ7$ K78 crgsthvj htdcv onpq$ 7w7$ F=D?>$ $ 797$ D??q$\$xDP$LD@G$\PP=D;B:$ w>;<F=AGN$<:>$|G<>=G><q$~>;=?DG$ CA<ADGq$6 K7$ 78 crrsnokmtocnfj htdcv fq$ >DG$ ;=BA;q$;GC$9AC ; ;q$x;<;$]B =;@$ AZZq$6 7$ 278@@@7@AHAP>CA;7D=N$ ¡78 mtmjmnij crgsthvj crrsnokmtocnf $9AZZA;G$z<;ZZAGN?q$¡<:$ CA<ADGq$~>;=?DG$ CFB;<ADGq$ >@$L>Z:A7$$ 378 ;==Y$ 7$~><>=?DGqj crgsthvj htdcv f¢$\$zY?<>E?$\PP=D;B:q$K=C$ CA<ADG$`x:>$ ]D=N;G$ ;FOE;GG$z>=A>?$AG$ ><@D=HAGNa7$$
QRSQT2£¤U £ 2 V 2¥ W2/ ¦///// 5+4§/X¨6©/ª©¨.©+««/S/
78 ]FZ<APZ>[AGN$A?$<:>$?><$DO$<>B:GA_F>?$<:;<$;ZZD@?$<:>$?AEFZ<;G>DF?$<=;G?EA??ADG$ DO$EFZ<APZ>$?ANG;Z?$;B=D??$;$?AGNZ>$C;<;$ZAGH7$ 678 xD$E;H>$>OOABA>G<$F?>$DO$:AN:$?P>>C$<>Z>BDEEFGAB;<ADG?$ZAG>?q$?DE>$OD=E$DO$ EFZ<APZ>[AGN$A?$F?>C7$]FZ<APZ>[AGN$;ZZD@?$?>M>=;Z$<=;G?EA??ADG$?DF=B>?$<D$?:;=>$ ;$Z;=N>=$<=;G?EA??ADG$B;P;BA<Y7$$ 2!3$
56789*7+,9-./0-1/ 2398459-./
456789*+,5-, 45../6071*056,162, 38*4556067, ,
8#9:;;:<#=>>?@9=A@:<#:B#;C?A@>?DE@<F#@G#@<#?:<FHI=C?#9:;;C<@9=A@:<GJ#KLC<MG# :<#?:<FHI=C?#<DAN:LMG#=LD#I@FI#9=>=9@AO#B@PDLQ#9:=E@=?#:L#;@9L:N=RD#?@<MGJ# KIDGD#?@<MG#9=<#9=LLO#?=LFD#<C;PDLG#:B#R:@9D#=<S#S=A=#AL=<G;@GG@:<# G@;C?A=<D:CG?O#CG@<F#;C?A@>?DE@<FJ# TJU V:CL#P=G@9#;C?A@>?DE@<F#AD9I<@WCDG#=LD#BLDWCD<9O#S@R@G@:<#;C?A@>?DE@<F#XVYZ[Q# K@;D#S@R@G@:<#ZC?A@>?DE@<F#XKYZ[Q#\:SD#S@R@G@:<#ZC?A@>?DE@<F#X\YZ[#=<S# ]>=9DHS@R@G@:<#ZC?A@>?DE@<F#X]YZ[J#
^,,,,,4_876,`5/5,a55758++,b,
cJU VLDWCD<9OHY@R@G@:<#ZC?A@>?DE@<F#XVYZ[#@G#=#B:L;#:B#G@F<=?#;C?A@>?DE@<F#NIDLD# ;C?A@>?D#P=GDP=<S#G@F<=?G#=LD#;:SC?=ADS#:<#S@BBDLD<A#BLDWCD<9O#9=LL@DL#N=RDG# =<S#=SSDS#A:FDAIDL#A:#9LD=AD#=#9:;>:G@AD#G@F<=?J# K@;DHY@R@G@:<#ZC?A@>?DE@<F#XKYZ[#@G#=#AO>D#:B#S@F@A=?#;C?A@>?DE@<F#@<#NI@9I# AN:#:L#;:LD#G@F<=?G#:L#P@A#GALD=;G#=LD#9:;P@<DS#@<A:#S@BBDLD<A#G?:AG#:B#=#BL=;DJ# KL=<G;@GG@:<#:B#BL=;D###9=LL@DG#G@;C?A=<D:CG?O#S=A=#BL:;#GCPH9I=<<D?G#@<#:<D# 9:;;C<@9=A@:<#9I=<<D?Q#PCA#=LD#>IOG@9=??O#A=M@<F#ACL<G#:<#AID#9I=<<D?J# dJU eI=A#@G#\YZ8f## TJU \@L9C@A#GN@A9I@<F#@G#SDB@<DS#=G#=#;D9I=<@G;#=>>?@DS#@<#AD?D9:;;C<@9=A@:<G# IDLDPO#AID#CGDL#@G#=??:9=ADS#AID#BC??#CGD#:B#AID#9:;;C<@9=A@:<#9I=<<D?#B:L#AID# SCL=A@:<#:B#AID#9=??#=<S#ID<9D#=#>IOG@9=?#9:<<D9A@:<#@G#GDAHC>#PDANDD<#AID#9=??DL# =<S#AID#LD9D@RDLJ#
^,,,,,4_876,`5/5,a55758++,g,
cJU h<#GN@A9IDS#?@<D#9:;;C<@9=A@:<GQ#=#?@<M#AI=A#@G#DGA=P?@GIDS#@<#=#GN@A9IDS# <DAN:LMQ#GC9I#=G#AID#@<ADL<=A@:<=?#S@=?HC>#AD?D>I:<D#GOGAD;J# 8#?D=GDS#?@<D#@G#=#GO;;DAL@9#SDS@9=ADS#GDLR@9D#XAID#G=;D#C>GALD=;#=<S# S:N<GALD=;#P=<SN@SAI[#9LD=A@<F#=#>DL;=<D<A#9:<<D9A@:<#PDANDD<#O:CL# >LD;@GDG#=<S#AID#h<ADL<DAJ# dJU h<#AID#GN@A9IDS#9:;;C<@9=A@:<G#<DAN:LMG#S=A=#D<ADL@<F#AID#<DAN:LM#BL:;#=# GA=A@:<#=LD#L:CADS#A:#AID#SDGA@<=A@:<#PO#PD@<F#GN@A9IDS#BL:;#<:SD#A:#<:SDJ#V:L# DE=;>?D#@<#AID#V@FCLD#ci#S=A=#BL:;#GA=A@:<#8#@<AD<SDS#B:L#GA=A@:<#V#=LD#GD<S#A:# <:SD#jJ#KIDO#;=O#AID<#PD#L:CADS#R@=#<:SDG#1#=<S#i#:L#<:SDG#k#=<S#i#A:#AID# SDGA@<=A@:<J#KI@G#@G#9=??DS#GN@A9IDS#9:;;C<@9=A@:<#<DAN:LMGJ#
l07/58,mno,,p0.9q8,p40*7_067,38*4556,,
# 12#
0!
678 9:$ ;9<=$=>>9?9=<?@$9A$BC=DE=CF$G=?DHA=$A9<BI=$<JK=$EJ$<JK=$I9<L$?D<$G=$ K@<DM9?DII@$ANDC=K$G@$MD<@$OD?L=EA$JP=C$E9M=7$9<$JEN=C$ND<K$9<$?9C?H9E$ AQ9E?N9<B$E9M=$J<$D$<JK=$EJ$<JK=$I9<L$9A$OC=RDIIJ?DE=K$HA9<B$A@<?NCJ<JHA$ E9M=$K9P9A9J<$MHIE9OI=S9<B7$ 99:$ T$OD?L=E$AQ9E?N9<B$<=EQJCL$?D<$O=C>JCM$KDED$CDE=$?J<P=CA9J<7$ 999:$ UN=<$ECD>>9?$G=?JM=A$N=DP@$J<$D$?9C?H9E$AQ9E?N9<B$<=EQJCLF$AJM=$?DII=C$ DC=$GIJ?L=KF$J<$EN=$OD?L=E$AQ9E?N9<B$<=EQJCLF$OD?L=EA$DC=$AE9II$D??=OE=KF$ NHE$K=I9P=C@$K=ID@$9<?C=DA=A7$ 9P:$ VC9JC9E9=A$?D<$G=$HA=K7$WNHA$9E$?D<$ECD<AM9E$N9BN=C$OC9JC9E@$OD?L=E$>9CAE7$
2!3$
56789*7+,9-./0-1/ 2398459-./
456789)*5+ 45,,-6.7/).56/60 18)2534.65
61789 4:;;6174<87:1;=>76;? ?)3-7)-38
BC2 DEFEGHIDHGHJKHLMNEMMEOL BCP QRSTUGEVTM BCW XTKEHIHLYZHKHIITIJKHLMNEMMEOL BC[ \]EYTYHLY^LF]EYTY_TYE]NM BCB J`EMGTYZHEK BCa ^JZbHRIT BC1 XJZbHRIT BCc bOHdEHIbHRIT BCe fERTKQgGEUbHRITM BCh ^LF]EYTY_TYE]NM BCP2 bOLLTUGOKM BCPP X]NNHKi BCPW jTkTKTLUTMlf]KGmTKjTHYELF BCP[ XOI]GEOLMlnLM`TKM
@/5815A
9Ao >7p78<q><8<8r<1?;7??7:1
12 12 1P 1P 1W 1[ 1[ 1B 1a 1c 1h cP cP cW
JmTGTKNYEFEGHIKTkTKMGOGmT`HiEGEMUOLVTiTYs]M]HIIiRiHRELHKiUOYTUOLMEMGELF OkHIOLFMGKELFOkPMHLY2MCDEFEGHIGKHLMNEMMEOLOKYEFEGHIUONN]LEUHGEOLMEMH IEGTKHIGKHLMkTKOkYHGHOVTKHgOELGGOgOELGtOKgOELGGON]IGEgOELGuIELv]MELF GKHLMNEMMEOLNTYE]NwM]UmHMUOggTK`EKTMxOgGEUHIkERTKMx`EKTITMMUONN]LEUHGEOLM NTYEHxOKMGOKHFTNTYEHCJmTYHGHGmHGEMGORTGKHLMkTKKTYEMOkGTLKTgKTMTLGTYHMHL TITUGKOyNHFLTGEUMEFLHItM]UmHMHNEUKO`HVTuCDEFEGHIGKHLMNEMMEOLGKHLMkTKM NTMMHFTMYEMUKTGTIiCJmTMTNTMMHFTMHKTKTgKTMTLGTYRiHMTz]TLUTOkg]IMTMVEHH IELTUOYTCDEFEGHIYHGHGKHLMNEMMEOLUHLOUU]KELG`ORHMEUNOYTMsMTKEHIOKgHKHIITIC JmTMTKEHIHLYgHKHIITIGKHLMNEMMEOLEMMmO`LELfEF]KTPRTIO`CDHGH`EGmELH UONg]GTKMiMGTNEMGKHLMNEGGTYVEHgHKHIITINOYTOLR]MTM`EGmGmT`EYGmOkGmT gHKHIITIR]MNHGUmTYGOGmT`OKYME{TOkGmTUONg]GTKMiMGTNCDHGHRTG`TTLUONg]GTK MiMGTNMEM]M]HIIiGKHLMNEGGTYELREGMTKEHINOYTCbOLMTz]TLGIixEGEMLTUTMMHKiGO NHvTHgHKHIITIyGOyMTKEHIUOLVTKMEOLHGHUONg]GTKELGTKkHUT`mTLMTLYELFYHGHkKONH UONg]GTKMiMGTNELGOHLTG`OKvHLYHMTKEHIyGOygHKHIITIUOLVTKMEOLHGHUONg]GTK ELGTKkHUT`mTLKTUTEVELFELkOKNHGEOLkKONHLTG`OKvCJmTGigTOkGKHLMNEMMEOLNOYT ]MTYNHiHIMOYTgTLY]gOLYEMGHLUTHLYKTz]EKTYYHGHKHGTC
9A| :}~=487 =?
nkGTKFOELFGmKO]FmGmEM]LEGxiO]MmO]IYRTHRITGOs LO`GmTUOLUTgGOkUONN]LEUHGEOLNTYE]NM DEkkTKTLGEHGTRTG`TTLXTKEHIHLYZHKHIITIJKHLMNEMMEOL DEkkTKTLGEHGTRTG`TTL\]EYTYHLY^LF]EYTY_TYE]NM LO`GmTkTHG]KTMHLYIENEGHGEOLMOkYEkkTKTLG`EKTYNTYE]NM ^LYTKMGHLYMGmT]MTOkJ`EMGTYZHEKxbOHdEHIHLYfERTKQgGEUbHRITM LO`GmTk]LUGEOLMOk^LF]EYTY_TYE]NM ^LYTKMGHLYGmT]MTOkYEkkTKTLGUOLLTUGOKM 12
012 34567879:;7578848<5793,6336=9
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` CPBRQEKBFaGIFKBLIKGHHKTYKEGEMFIEGEPCFaDWGZCMDITDDBYEGJDC[bKTD]DELCIGEI_CIKZ MFICJGFBIGFBZQPCFRGHMFIHD]DHCPBRQEKBFaGIFKBKBRDXDIDRIDX[ ABZGEGHHDHIEGBCJFCCFKBLJOHIFZHDMFICSOCOGHHPcMFICKEGMPID_RQGEGRIDEUGEDCDBI CFJOHIGBDKOCHPKBXFYYDEDBIRQGBBDHCSTFEDCLYEDNODBRPRQGBBDHCUTFIQFBIQDCGJDRGMHD GCCQKTBFBVFWOED2LKEEGXFKZGIQLGBXCPBRQEKBFaDXIKGRHKR`[dGEGHHDHXD]FRDCQG]DG TFXDEXGIGMOCIQGBCDEFGHXD]FRDCGBXRGBIQDEDYKEDLIEGBCYDEXGIGFBTKEXCKYKBDKE JKEDMPIDCGIGIFJD[
4566789)*+958 ,-.976/
e9f7>-g@3->9*?*8.h*>*??-?)566789)*+958
\CGEDCOHILIQDEDFCGCZDDXOZFBZGEGHHDHIEGBCJFCCFKBMFIEGIDK]DECDEFGHIEGBCJFCCFKB MFIEGID[bKTD]DELIQFCCZDDXOZFCGIEGXDKYY]DECOCRKCICFBRDJOHIFZHDTFEDCRKCIJKED IQGBGCFBWHDTFEDLGBXGCGZGEGHHDHRGMHDWDICHKBWDELIQDCPBRQEKBFaGIFKBIFJFBW MDITDDBJOHIFZHDRQGBBDHCMDRKJDCJKEDCDBCFIF]DIKXFCIGBRD[iQDIFJFBWYKEZGEGHHDH IEGBCJFCCFKBFCZEK]FXDXMPGRKBCIGBIRHKR`FBWCFWBGHCDBIK]DEGCDZGEGIDTFEDTFIQFB IQDZGEGHHDHRGMHDjIQOCZGEGHHDHIEGBCJFCCFKBFCRKBCFXDEDXCPBRQEKBKOC[
01k lm6:4:79:m9lm6:4:,4:6m,3
e9f7>-2@4?*//9n9)*+9585n<>*8/69//958,-.976/
12
456789)*5+ 45,,-6.7/).56/60 18)2534.65
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
[\[ 6]^_6`ab_^c
9KB@<;DF>B=B@AC@<KBD;IGE@;DA;DB>NC=ICH>ID><>DB@<=BJE<BC?M9KB@<;DYF>B=H>JI; B@><GF;CNH>JIB?O<:><B@E@;DNC=<;I;F:C?;HCAAE?BH><BC?@>?DAC@<ACD;=? d<:;=?;<?;<KC=X@MZF>B=CNKB=;@NC=A@>HB=HEB<<:><H>?<=>?@AB<D><>M9:;F>B=@>=; <KB@<;D<CF=CLBD;F=C<;H<BC?>O>B?@<H=C@@<>IXR>?D?CB@;O;?;=><;DJG>De>H;?<F>B=@M Q:;?;I;H<=BH>IHE==;?<NICK@<:=CEO:>KB=;RB<H=;><;@>@A>IIRHB=HEI>=A>O?;<BH NB;ID>=CE?D<:;KB=;MQ:;?<KCKB=;@B?>?;I;H<=BH>IHB=HEB<>=;FI>H;DHIC@; <CO;<:;=R<:;B=A>O?;<BHNB;ID@>=;<:;;S>H<CFFC@B<;CN;>H:C<:;=M9:E@R<:;<KC A>O?;<BHNB;ID@H>?H;I;>H:C<:;=CE<M9:;G>I@CH>?H;ICE<>?GCE<@BD;A>O?;<BH NB;ID@M9KB@<B?O<:;KB=;@H>?;?:>?H;<:B@H>?H;II><BC?;NN;H<Mf@B?OH>?H;II><BC? <CO;<:;=KB<:<KB@<B?O<:;KB=;@RH>JI;D;@BO?;=@H>?;NN;H<BL;IGF=CLBD;@;IN@:B;IDB?O NC=KB=;F>B=@KB<:B?<:;?;<KC=XA;DB>M9:;<KB@<;DF>B=H>JI;B@@:CK?B?PBOE=;gM
h.5-38i862.*)809/.34/jk8
Q:BI;<KB@<;DYF>B=H>JI;B@E@;DJGCID;=<;I;F:C?;?;<KC=X@>?DB@<:;I;>@< ;SF;?@BL;<GF;CNICH>IY>=;>?;<KC=XlmZnoH>JI;RAC@<?;<KC=X@HC?<>B?@CA; <KB@<;DYF>B=H>JIB?O><@CA;FCB?<>IC?O<:;?;<KC=XM pB?H;@CA;<;I;F:C?;@;<@C=D;@X<CFICH><BC?@=;UEB=;AEI<BFI;HC??;H<BC?@R<KB@<;D F>B=B@@CA;<BA;@B?@<>II;DB?<KCC=AC=;F>B=@R>IIKB<:B?>@B?OI;H>JI;MPC=@CA; JE@B?;@@ICH><BC?@R<KB@<;DF>B=B@;?HIC@;DB?>@:B;ID<:><NE?H<BC?@>@>O=CE?DM9:B@ B@X?CK?>@@:B;ID;D<KB@<;DF>B=lp9qoMW=DB?>=GKB=;<C<:;:CA;B@E?@:B;ID;D <KB@<;DF>B=lf9qoM
12
012 34546789
:;<=>?@A?ABC><B?ADE>F><B=?GH<BIHGGH;J>;AHKIHDD?FB?@?D=H;?C>F>;LM:NO IEP@?><EG?A>QGB=EB><IHGDH<?AHKDE>F<HKC>F?<M:NOIEP@?><Q<?A>;EREF>?BS HK;?BCHFJ<MTEI=HKB=??>L=B>;A>R>AQE@IHDD?FC>F?<>;:NOIEP@?><IHR?F?APSE; >;<Q@EB>;LGEB?F>E@MU;EAA>B>H;VB=?C>F?<>;?EI=DE>FEF?BC><B?AEFHQ;A?EI=HB=?F E<<=HC;>;W>LQF?XYEZM
4566789)*+958 ,-.976/
[9\7]-0^345*8._454*`a-/
:NOIEP@?F?@>?<<H@?@SH;B=?IE;I?@@EB>H;?KK?IBDFHAQI?APSB=?BC><B?AC>F?DE>F< BH@>G>B<>L;E@A?LFEAEB>H;IEQ<?APS?@?IBFHGEL;?B>I>;B?FK?F?;I?YTbcZE;AFEA>H KF?dQ?;IS>;B?FK?F?;I?YeWUZMNHKQFB=?FF?AQI?IFH<<BE@JP?BC??;B=?DE>F<>;:NO IEP@?VB=?;QGP?FHKBC><B<>;B=?C>F?DE>F<REF>?<M:NOIEP@?GQ<BKH@@HCDF?I><? <D?I>K>IEB>H;<LHR?F;>;L=HCGE;SBC><B<HFPFE>A<EF?D?FG>BB?AD?FG?B?FY2Mfg K??BZHKIEP@?M
01h _4546789
iNO><<>G>@EFBH:NO>;B=EBB=?C>F?DE>F<EF?BC><B?AEFHQ;A?EI=HB=?FMiNOE@<H =E<<=>?@A>;LEFHQ;AB=?IEP@?BHKQFB=?FDFHB?IB>BKFHG?jB?F;E@>;B?FK?F?;I?MN=? <=>?@A>;LKQFB=?FF?AQI?<B=?I=E;I?HKIFH<<BE@JPQBB=?<=>?@A>;L>;IF?E<?<B=? HR?FE@@A>EG?B?FE;AC?>L=BHKB=?IEP@?MN=?GEj>GQG<?LG?;B@?;LB=HKiNOIEP@? ><kllG?B?F<M i=>?@A?ABC><B?ADE>F><E<D?I>E@J>;AHKIHDD?FB?@?D=H;?C>F>;LQ<?A>;<HG? PQ<>;?<<>;<BE@@EB>H;<Mm;HQB?FIHR?F>;LHF<=>?@A><EAA?ABHB=?HFA>;EFSBC><B?A DE>FB?@?D=H;?C>F?<nB=?<=>?@AKQ;IB>H;<E<ELFHQ;AMN=?iNOIEP@?><<=HC;>; K>LQF?EPHR?>;W>LQF?XYPZM i=>?@A?ABC><B?AoDE>FYiNOZIEP@?IHGP>;?<B=?B?I=;>dQ?<HK<=>?@A>;LVIE;I?@@EB>H;V E;AC>F?BC><B>;LMTEI=DE>FHKC>F?<><CFEDD?A>;EG?BE@@>IKH>@MN=?KHQFDE>F<HK C>F?<B=?;EF?CFEDD?A>;E;HR?FE@@G?BE@@>IPFE>AHFKH>@MUB><Q<QE@@SEkploH=G IEP@?VE<<D?I>K>?AKHFQ<?>;TB=?F;?B;?BCHFJ>;<BE@@EB>H;<MiNOF?AQI?<?@?IBF>IE@ ;H><?PHB=C>B=>;B=?IEP@?YDE>FoBHoDE>FIHQD@>;LVHFIFH<<BE@JZE;AKFHGHQB<>A?B=? IEP@?YTbUE;AeWUZM
q 4r-)st57]5]5\]-//u
kM v?K>;?DEFE@@?@BFE;<G><<>H;M wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww 12
456789)*5+ 45,,-6.7/).56/60 18)2534.65
67 89:;<=9>?>;@AB:C9::9DBC?>9=C:E FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF G7 HIA;A@?;I?A>JAB;A<?:DKLMNDJ?@OMNE FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF FFFFFFFFFFFFFFFFFFFFFFFFFFFFFFFF
PQR 4STUVTW4TXWY
ZDA[9A\]A^\?\9_?;`9:;?>aA9@b]DB:9:;:DK;`D]DB>=];D@:b^=;9:]DB:;@=];?> >9KK?@?B;\c;Da?@C9;9;;DDa?@A;?DJ?@A`9>?@@AB<?DKK@?d=?B]9?:7e;]DB:9:;:DKA ID\\D`D=;?@]c\9B>@9]A\]DB>=];D@;IA;:=@@D=B>:A:9B<\?9BB?@`9@?]DB>=];D@7MI? 9BB?@]DB>=];D@9:I?\>9Ba\A]?^c?9;I?@@?<=\A@\c:aA]?>9B:=\A;9B<@9B<:D@A:D\9> >9?\?];@9]CA;?@9A\7MI?D=;?@]DB>=];D@9:]DJ?@?>`9;IAfA]_?;D@:I9?\>7g:9B<\? ]DA[9A\]A^\?IA:A>9AC?;?@DKK@DCh72;DA^D=;i9B]I7j?]A=:?DK9;::I9?\>9B<b ]DB]?B;@9]]DB:;@=];9DBb]DA[9A\]A^\?9:C=]I\?:::=:]?a;9^\?;D9B;?@K?@?B]?AB> ]@D::k;A\_;IAB9:;`9:;?>aA9@7ZDA[9A\]A^\?]AB^?=:?>DJ?@\DB<?@>9:;AB]?:AB> :=aaD@;:CD@?:;A;9DB:DBA:IA@?>\9B?;IAB;`9:;?>aA9@7 ZDA[9A\]A^\?9:a?@IAa:;I?CD:;J?@:A;9\?;@AB:C9::9DBC?>9=CAB>IA:`9>?:a@?A>=:? 9BA`9>?JA@9?;cDKAaa\9]A;9DB:l;I?CD:;9CaD@;AB;DK;I?:?A@? 9m M?\?J9:9DB>9:;@9^=;9DB 99m 8DB<k>9:;AB]?;?\?aIDB?;@AB:C9::9DB 999m LID@;k@=B]DCa=;?@:c:;?C\9B_: 9Jm 8D]A\g@?An?;`D@_: ZDA[9A\]A^\?9::a@?A>9B<@Aa9>\cA:AC?AB:DK>9:;@9^=;9B<Mo:9<BA\:;D9B>9J9>=A\ IDC?:k]A^\?Mo7g]A^\?Mo:c:;?C]AB]A@@c>Dp?B:D@?J?BI=B>@?>:DKMo ]IABB?\:@AB<9B<=a;DAK?`;?B:DKC9\?:7 ZDA[9A\]A^\?IA:;@A>9;9DBA\\c^??BAB9CaD@;AB;aA@;DK;I?\DB<k>9:;AB]?;?\?aIDB? B?;`D@_7MD>Acb9;9:<?;;9B<@?a\A]?>^cDa;9]A\K9^?@b;?@@?:;@9A\C9]@D`AJ?bAB> :A;?\\9;?7O:9B<K@?d=?B]ck>9J9:9DBC=\;9a\?[9B<bA]DA[9A\]A^\?]AB]A@@cDJ?@ ihbhhhJD9]?]IABB?\::9C=\;AB?D=:\c7ZDA[9A\]A^\?9:A\:D]DCCDB\c=:?>KD@ :ID@;k@AB<?]DBB?];9DB:^?;`??B>?J9]?:7O:9B<>9<9;A\:9<BA\9B<b]DA[9A\]A^\?]AB ^?=:?>;Da@DJ9>?I9<Ik:a??>eqr]IABB?\:DB]DCa=;?@:c:;?C:7g]DkA[9A\]A^\?9: :ID`B9Bs9<=@?t^?\D`7
u.5-38vw45/x./y7/zy8
12
01234567889:;73:217657<26;27=:79;7>95:?92;797657153@26A?BC27=:79;7>95;71 ?D882637976E51DF>562<G5H:;5?@:347H76:53I2<G73771G367<<:;3I85?J2H56G:?371;5? 347351;2F87??7?:1E95>D:9G:1E267;2F895=2<>D:9G:1E?B C27=:79;7>95:?D?5G323671?F:3>23471792E71GG:E:379?:E179?BC27=:79;7>9547? <65KD51;I;4767;356:?3:;?3473765?D856:2632342?52<3@:?35G87:6J71G;71451;5>5 D?5G5<<5;3:H59I734:E456<65KD51;:5?71GG7376735?BL4586:1;:879;21?367:13?21 856<26F71;576573351D73:21J3456F7912:?5J71G:1356F2GD973:2112:?5B M26921ENG:?371;53671?F:??:212<71792E?:E179?J7F89:<:56?765155G5G5H56I<5@ A:92F5356?J@:34;92?56?87;:1E65KD:65G:<4:E456<65KD51;:5?765D?5GBL45D?7>95 ?85;36DF<2671792E?:E179:1E5=351G?327>2D3OPPQRSBM26G:E:379?:E179:1EJ 65857356?765155G5G5H56IA:92F535626?2J@:34;92?56?87;:1E155G5G<264:E456G737 6735?B
4566789)*+958 ,-.976/
TUV WXYZ[\]^X44_Y`[a
b2@G7Ic?283:;79<:>56:?@:G59ID?5G7?7>7;A>215<26153@26AGD532:3?4:E456 G7373671?F:??:216735J9:E4356:1@5:E43J92@:1356<5651;5?J95??1DF>562<65857356? 65KD:65GJ921EG:?371;5;2H567E553;B01283:;793671?F:??:21?I?35F47?34655 ;2F821513?d3459:E43?2D6;5J3453671?F:??:21F5G:DFJ71G345G535;326B C21H513:21799IJ78D9?52<9:E43:1G:;735?7>:3e71G7>?51;52<9:E43:1G:;735?>:3PB L671?F:??:21F5G:DF:?71D9367N34:1<:>562<E97??BL453671?F:3356E5156735?345 9:E438D9?5?>7?5G21345:18D3595;36:;79?:E179BL45G535;32665E5156735?345595;36:;79 ?:E179>7?5G213459:E43?:E179:3G535;3?213453671?F:??:21F5G:DFBfI7337;4:1E7 9:E43?2D6;53221551G2<71283:;79<:>5671G7G535;3263234523456J@547H571 D1:G:65;3:2179G7373671?F:??:21?I?35F34737;;583?71595;36:;79?:E179J;21H563?71G 3671?F:3?:3>I9:E438D9?5J71G345165;21H563?3452D38D33271595;36:;79?:E17973345 65;5:H:1E51GBM:ED651E:H51>92@?42@?283:;79<:>56;7>95B
W9g7h-ij\k+9)*lW9m-h4*ml-
01283:;79<:>56:?734:1no32eo21Fp1712F5356pePNqF5356rJ<95=:>95F5G:DF ;787>952<;21GD;3:1E71283:;7967IBs76:2D?E97??5?71G897?3:;?;71>5D?5G32F7A5 283:;79<:>56?BL4592@5?392??5?47H5>5512>37:15GD?:1E<:>56?2<D93678D65<D?5G ?:9:;7Bt93678D65<:>56:?G:<<:;D9332F71D<7;3D65d4:E456N92??FD93:N;2F821513E97?? <:>56?765F2655;212F:;7971G?3:99862H:G5E22G856<26F71;5Bu97?3:;<:>56:?5H51 95??;2?39I71G;71>5D?5G<26?4263N47D99:1A?J<26@4:;4F2G567359I4:E492??5?765 7;;5837>95B 01283:;79<:>56;7>9547?7;I9:1G6:;79?478571G;21?:?3?2<34655;21;5136:; ?5;3:21?v345;265J345;97GG:1EJ71G345w7;A53BL45;265:?345:1156F2?3?5;3:2171G ;21?:?3?2<21526F265H56I34:1?3671G?J26<:>56?JF7G52<E97??26897?3:;Bx7;4 <:>56:??D662D1G5G>I:3?2@1;97GG:1EJ7E97??26897?3:;;273:1E347347?283:;79 8628563:5?G:<<56513<62F342?52<345;265BL452D356F2?397I56J?D662D1G:1E215267 >D1G952<;97GG5G<:>56?J:?345w7;A53BL45w7;A53:?;2F82?5G2<897?3:;71G23456 12
3456789)4* 34++,5-6.9-45.5/ 0791423-54
11
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`6B=@6BF898@>5F:B8=P:7G>D7=:C7>97:>B7>7G8C:AB6;6C=8?:@78=:B T:AD98a[@QI b,V9-cb4/7XSD;7:5>=8:CC>B658=F8@6DC85D;7:?;8F865CK9>56;:AG7C>D9@8 5>H87G9>DAG7G8@>98:B=:KK898B7?67GCId>P7G8C8F865C5>H8P:7G:B6@6F;8 =8?8B=C>B7G8C79D@7D98>K7G8@>98ISD;7:N5>=8:C@678A>9:Z8=:B7>C78?N:B=8Y 5D;7:5>=86B=A96=8=:B=8Y5>=8I eI U978c-5/7fb,V9c+4/7XgBC78?N:B=8Y5D;7:5>=8E7G8=8BC:7<>K7G8@>98 9856:BC@>BC76B7K9>57G8@8B7897>7G88=A8CI^F865>K;:AG75>H8C7G9>DAG 7G:C@>BC76B7=8BC:7<:B6C796:AG7;:B8DB7:;:7986@G8C 7G8:B789K6@8>K7G8@>98 6B=7G8@;6==:BAI^77G8:B789K6@87G898:C6B6F9D?7@G6BA87>6;>P89=8BC:7< 7G676;789C7G86BA;8>K7G8F865hC5>7:>BIOG87895C78?N:B=8Y98K89C7>7G8 CD==8BB8CC>K7G:C@G6BA8IT:AD98aF8;>PCG>PCH69:>DCF865C[>996<CQ 796H8;:BA7G9>DAG6C78?N:B=8YK:F89IR>58F865C:B7G85:==;8796H8;:BC796:AG7 ;:B8C7G9>DAG7G8@>986B=986@G7G8=8C7:B67:>BP:7G>D798K;8@7:BA>998K96@7:BAI R>58F865CC79:L87G8:B789K6@8>K7G8@>986B=@;6==:BA676B6BA;8C56;;89 7G6B7G8@9:7:@6;6BA;8i7G8C8F865C?8B8796787G8@;6==:BA6B=698;>C7IR7:;; >7G89CG:77G88=A8>K7G8@>98676BA;8CA9867897G6B7G8@9:7:@6;6BA;86B=98K;8@7 F6@L:B7>7G8@>986B=>KK7G8>7G89C:=8EF>DB@:BAF6@L6B=K>97G=>PB7G8 @G6BB8;DB7:;7G8<986@G7G8=8C7:B67:>BI jH89<F86598K;8@7C>KK7G8:B789K6@8676B6BA;88kD6;7>:7C6BA;8>K:B@:=8B@8 6CCG>PB:BT:AD98a[6QIOG8A9867897G86BA;8>K:B@:=8B@8E7G8P:=897G86BA;8 >K98K96@7:>BI^F865P:7G6C56;;896BA;8>K:B@:=8B@8P:;;98kD:985>98 F>DB@8C7>796H8;7G8C658=:C76B@87G6B6F865P:7G6;69A896BA;8>K :B@:=8B@8Il>BC8kD8B7;<E7G8F865P:7G7G8C56;;89:B@:=8B76BA;85DC7796H8; K697G897>986@G7G8=8C7:B67:>BIOG:C=:KK898B@8:B?67G;8BA7G586BC7G67 =:KK898B7F865C699:H8677G8=8C7:B67:>B67=:KK898B77:58CI^C7G8C8=:KK898B7 F865C69898@>5F:B8=677G898@8:H89E7G8<98CD;7:B6C:AB6;7G67:CB>;>BA896B 8Y6@798?;:@6>K7G8C:AB6;7G67P6C796BC5:778=IRD@G6C:AB6;G6CF88B=:C7>978= F<?9>?6A67:>B=8;6<CIOG:C=:C7>97:>B;:5:7C7G86H6:;6F;8=67696786B=56L8C 5D;7:5>=8C78?N:B=8Y@6F;8:B6=8kD678K>9@8976:B?98@:C86??;:@67:>BCI mI n2./7/c-5/7fb4/7X^C8@>B=7<?8>KK:F89E@6;;8=A96=8=N:B=8YE=8@986C8C 7G:C=:C7>97:>B>K7G8C:AB6;7G9>DAG7G8@6F;8IOG8P>9=:B=8YG89898K89C7>7G8 :B=8Y>K98K96@7:>BI^CP8C6P6F>H8E:B=8Y>K98K96@7:>B:C98;678=7>=8BC:7<I^ A96=8=N:B=8YK:F89E7G898K>98E:C>B8P:7GH69<:BA=8BC:7:8CIo8BC:7<:CG:AG8C767
012324025670123652849923528:2:;589<8==>06?0:=6@2:08001229;2A B?;<522CDE:16@:012?FG8306701?:H85?8D=2924:?0>64012G56G8;80?6467=?;10 D28F:A
4566789)*+958 ,-.976/
I9J7K-LMNOP-/5QRP+9)*SI9T-K4*TS-/
U 4V-)WX57KYK5JK-//Z
[A \?:00128GG=?380?64:67]68^?8=38D=2A ________________________________ ________________________________ ________________________________ ________________________________ `A a180?:b?4;=2F6926G0?38=7?D25c ________________________________ ________________________________ ________________________________ ________________________________
def ghigjklk,lkjg,m
g8J79.-.,-.9*Mn4;<?929F29?80584:G6502=23056F8;420?3@8H2:@?016<0<:?4;8 G1>:?38=3649<3065Ab?;48=:852D568938:0016<;18?565@8025o84901<:8528H8?=8D=2 0684>642@1618:892H?3238G8D=2675232?H?4;012FAp12qr :G2305<`[F36H25: 752s<243?2:756FtuvCq\BE06;8FF858>:Ctwxuvox2008u250vy[w uvE849 D2>649C36:F?358>:EAz<064=>752s<243?2:584;?4;756Ft{uv06|wwpuv852<:29 765@?52=2::36FF<4?380?64A YK5P*J*+9585Q}*.95~* -/M 89?6023146=6;>364:?925:012285018::<556<4929 D>0@6=8>25:6780F6:G1252 012056G6:G1252849012?646:G1252Ap12056G6:G1252?: 012G650?646701280F6:G12522^0249?4;6<0@8598GG56^?F802=>twF?=2:756F012 28501 ::<57832Ap12056G6:G125236408?4:@180@2;24258==>01?4 678:8?5A]=6<9:o @?49o02FG2580<52H85?80?64:o849@280125?4;24258=633<5?4012056G6:G1252Ap12 ?646:G1252?:012=8>256701280F6:G12528D6H2012056G6:G1252D<0D2=6@:G832A n4;<?929:?;48=:384058H2=756F012:6<5320692:0?480?64?4:2H258=@8>:Ap1252?: 12
456789)*5+ 45,,-6.7/).56/60 18)2534.65
12
6789:;<78<=6=>?8:@ABC<78<=6=>?8:@=:;D?:EF8GFA?6H><78<=6=>?8:IJ:6789:; <78<=6=>?8:@7=;?8K=LEA>7=LED>H7896H>HED8KEA><87>?8:8G>HE=>M8A<HE7E@H966?:6 >HEE=7>HINHEAED8KFG7EO9E:PCA?6:=DAEM=:=>E?:=DD;?7EP>?8:AG78M>HE>7=:AM?>>?:6 =:>E::==:;G8DD8K>HEP97L=>97E8G>HEE=7>HINHE;?A>=:PE;E<E:;A8:>HE<8KE78G >HEA?6:=DIJ:QBC<78<=6=>?8:@H?6HE7FG7EO9E:PC7=;?8K=LEA7=;?=>E9<K=7;?:>8>HE ?8:8A<HE7EKHE7E>HEC=7E7EGDEP>E;R=PB>8E=7>HINH?A>C<E8G>7=:AM?AA?8:=DD8KAG87 67E=>E7;?A>=:PEAK?>HD8KE7<8KE789><9>IJ:S?:EF8GFQ?6H>T78<=6=>?8:@LE7CH?6H G7EO9E:PCA?6:=DA=7E>7=:AM?>>E;?:A>7=?6H>D?:EA;?7EP>DCG78M=:>E::=>8=:>E::=I U:>E::=AM9A>RE;?7EP>?8:=D@G=P?:6E=PH8>HE7=:;E?>HE7>=DDE:896H87PD8AEE:896H >86E>HE7:8>>8RE=GGEP>E;RC>HEP97L=>97E8G>HEE=7>HI V/0.5W/X8*YZ=;?8K=LEG7EO9E:P?EA=7ERE>KEE:[\]^>8_`]^@=:;9AEA 8M:?;?7EP>?8:=D=:>E::=IaM:?;E7EP>?8:=D=:>E::=<78<=6=>EAA?6:=D?:=DD;?7EP>?8:I NH?AME=:A>H=>>HEAE:;?:6=:;7EPE?L?:6=:>E::=A;8:8>H=LE>8RE=D?6:E;Ib9>?> H=A;?A=;L=:>=6E>88@?>?AA9APE<>?RDE>8?:>E7GE7E:PEKHE7E?:=7=;?8K=LE >7=:AM?>>E;RC8:E=:>E::=M=CRE?:>E7GE7E;RC=:8>HE7=:>E::=>H=>M=CAE:; A?6:=DA9A?:6>HEA=MEG7EO9E:PC87R=:;I Z=;?8K=LEA=7E9AE;G87M9D>?P=A>P8MM9:?P=>?8:A@A9PH=A7=;?8cUd =:;ed 7=;?8f@M=7?>?ME7=;?8@>EDEL?A?8:@P87;DEAA<H8:EA=:;<=6?:6ACA>EMAI g.7352/X8*Ye7EO9E:P?EARE>KEE:_=:;[hh`]^=7EP=DDE;M?P78K=LEAI d?P78K=LEA=7E9:?;?7EP>?8:=DIiHE:=:=:>E::=>7=:AM?>AM?P78K=LEK=LEA@>HEC P=:RE:=778KDCG8P9AE;INH?AME=:A>H=>>HEAE:;?:6=:;7EPE?L?:6=:>E::=A:EE;>8 RE=D?6:E;IJ>A=;L=:>=6E?A>H=>=<=?78G=:>E::=AP=:RE=D?6:E;K?>H89>?:>E7GE7?:6 K?>H=:8>HE7<=?78G=D?6:E;=:>E::=AI NHE<78<=6=>?8:8GM?P78K=LE?AD?:EF8GFA?6H>INHE<78RDEMK?>H>H?A<78<=6=>?8:?A >H=>>8KE7A>H=>=7EG=7=<=7>G78ME=PH8>HE7:EE;>8RELE7C>=DDINHEP97L=>97E8G>HE E=7>H=AKEDD=A8>HE7RD8PB?:68RA>=PDEA;8EA:8>=DD8K>K8AH87>>8KE7A>8 P8MM9:?P=>EIe87D8:6;?A>=:PEP8MM9:?P=>?8:@7E<E=>E7A=7E8G>E::EE;E;IU:8>HE7 ;?A=;L=:>=6E?A>H=>LE7CH?6HG7EO9E:PCM?P78K=LEAP=::8><E:E>7=>EK=DDAI J:=9:?;?7EP>?8:=D=:>E::=@>HE7E=7E>K8>C<EAj>HE<=7=R8D?P;?AH=:;>HEH87:IU <=7=R8D?P;?AH=:>E::=?AR=AE;8:>HE6E8ME>7C8G>HE<=7=R8D=IkLE7CD?:E<=7=DDED>8 >HED?:E8GACMME>7C7EGDEP>A8GG>HEP97LE=>=:6DEAA9PH>H=>=DD>HED?:EA?:>E7AEP>?: =P8MM8:<8?:>P=DDE;G8P9AINHE<=7=R8D?P;?AHK87BA=A=G9::ED@P=>PH?:6=K?;E 7=:6E8GK=LEA=:;;?7EP>?:6>HEM>8=P8MM8:<8?:>I UH87:=:>E::=8:>HE8>HE7H=:;D88BAD?BE=6?6=:>?PAP88<Ia9>68?:6>7=:AM?AA?8:A =7ER78=;P=A>9<=A>EM=:;;EGDEP>E;89>K=7;?:=AE7?EA8G:=778K<=7=DDEDRE=MARC >HEP97LE;HE=;IZEPE?LE;>7=:AM?AA?8:A=7EP8DDEP>E;RC>HEAP88<E;AH=<E8G>HE H87:@?:=M=::E7A?M?D=7>8>HE<=7=R8D?P;?AH@=:;=7E;EGDEP>E;;8K:?:>8>HEA>EMI NHE7E?A=:8>HE7>C<E8GM?P78K=LE>7=:AM?AA?8:K?>H>HE9AE8GA=>EDD?>E7ED=CIJ> 7EO9?7EA6E8FA>=>?8:=7C87R?>K?>H>HEHE?6H>8G[l@m2nBM>8M=>PH>HEE=7>HoA 78>=>?8:IJ>H=A9<D?:B>H=>7EPE?LEA>7=:AM?AA?8:8:8:EG7EO9E:PC=:;=;8K:D?:B>H=> >7=:AM?>A8:=AEP8:;G7EO9E:PCIJ>a<E7=>EA8:=:9MRE78GG7EO9E:PCR=:;AB:8K: =A>7=:A<8:;E7AI J>P=:8<E7=>E?:>K8K=CAj =f T8?:>>8<8?:>F`789:;A>=>?8:>8A=>EDD?>E>86789:;A>=>?8: Rf d9D>?<8?:>cb78=;P=A>D?:BfF`789:;A>=>?8:>8A=>EDD?>E>8M9D>?<DE7EPE?L?:6 A>=>?8:AI
0123456789638:98;1<:<1269=24>>:<126=14<9:2?6928@@:@63=8@8A?4<89B96=8@@1=8 <8=543C9B6<;5138@899DEF9G H8IJ*J-.K*L-/MN<O3638;91P<6@951=?O38Q:8<2189O34>RSSTUV=4WSSXUV Y5678@8<P=?9O34>Z>>=4[SS<>\B26<]8:98;O439?43=^36<P824>>:<126=14<G ?1P?O38Q:8<218926<<4=A8<8=36=856@@9GX?192?6362=8319=12A3878<=91<=83O838<28 ]8=588<4<89_9=8>6<;6<4=?83`69?43=^36<P824>>:<126=14<26<<4=]86OO82=8;]_ 6<4=?839_9=8>1<=?8<8a=344>GX?896>82?6362=8319=12>6C891<O3638;91P<6@9 :98@899O43@4<P36<P824>>:<126=14<GN<O3638;5678926<<4=]8:98;4:=91;86 ]:1@;1<P]826:98=?89:<b936_924<=61<8;1<O3638;5678926<1<=83O83851=?=?8 24>>:<126=14<GX?81<O3638;]6<;B6@>49=WSSXUVB?696<8a28@@8<=A4=8<=16@O43 ;6=6=36<9>19914<Gc:2?651;8]6<;51;=?26<]8:98;=4=36<9>1=;1P1=6@;6=651=?6 783_?1P?;6=636=8GX?81<O3638;d6=6E994216=14<YN3dE\B6<6994216=14<O43 9A4<9431<P=?8:984O1<O3638;56789B?6989=6]@19?8;69=6<;63;O43:91<P=?898 91P<6@9O4324>>:<126=14<]8=588<;8712899:2?69=?8C8_]463;B>128Bef9B6<; A31<=839GN<O3638;91P<6@9;8O1<8;]_=?8N3dE=36<9>1==?34:P?@1<84O91P?=`=?8N3dE A43=4<=?8C8_]463;<88;9=4A41<==4=?8efO43=36<9>19914<422:39G
4566789)*+958 ,-.976/
ghij 4kllm4nkop
X?824<<82=439638=?81<=83O628O4324>>:<126=14<]8=588<24>A:=839q24>A:=839=4 ?:]B951=2?B34:=838=2GN<DEF]69126@@_:98;24<<82=43638;192:998;69O4@@459r ZG ostgu4588-)+5JMvw9=6<;9O4338P19=838;x62CGvwWy1969=6<;63;=_A84O 24<<82=43O43<8=543C26]@89GvwWy24<<82=439638>49=24>>4<@_988<51=? z=?83<8=26]@896<;<8=543C9GvwWy24<<82=439O86=:3881P?=A1<9=45?12?=?8 51389=36<;94O626]@81<=83O6288@82=3126@@_Gc=6<;63;vw^WyA1<^4:=9;8O1<8=?8 6336<P8>8<=4O=?81<;171;:6@51389<88;8;5?8<6==62?1<P24<<82=439=46 26]@8Gvw^Wy24<<82=4396384O=54=_A89r>6@8vw^Wy6<;O8>6@8vw^WyGX?8 {1P:38|9?459vw^Wy24<<82=43G
}9~7J- Mostgu)588-)+5J/
G l4)588-)+5JMX?8 Ff24<<82=43Y 6_4<8=F81@@ f4<28@>6<\19>1<16=:389 Q:12C24<<82=q;1924<<82=v{24<<82=43:98;O43246a16@26]@8GN=O86=:389=54 ]6_4<8=@:P94<=?8O8>6@824<<82=43`>6=1<P1962?1878;51=?4<@_6Q:63=83 =:3<4O=?824:A@1<P<:=G Ff96381;86@@_9:1=8;O4326]@8=83>1<6=14<O43 >1<16=:38^=4^9:]>1<16=:38246a16@26]@8Y8GPGBvT^y|By2B=4vT^Z[2BvT^RZ1\G N=19:98;51=?36;14B=8@871914<B6<;4=?8336;14^O38Q:8<2_8@82=34<128Q:1A>8<=B =89=1<9=3:>8<=9B71;8491P<6@9B6<;5694<286A4A:@6324>A:=83<8=543C 24<<82=43G Ff24<<82=439638>6;8=4>6=2?=?82?6362=8319=121>A8;6<284O 26]@86=81=?83yS4?>943[y4?>9GN=19:9:6@@_6AA@18;O43O38Q:8<2189]8@45 RTUV6<;74@=6P89]8@45ySS 4@=9G
12
456789)*5+ 45,,-6.7/).56/60 18)2534.65
6.5-3878914756687)53*
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`SHIaBSFFDAGG?DCA@CIECDEGEFHA>? SH?JK=CIJSBF?bL=>?@DAGG?DC=AGPUI?ZcDAGG?DCA@DANB@=H?HEBAFRN?@ >AJRK=CID?@EN=DL?@@SF?>E@@?FEHH?N>FRBFSHED@=NBAM?@HF??M?EGJ@S>>?@ >AACPUI?H?DAGG?DCA@HE@?HS=CE>F?LA@Od22eNEGJ][fNNDE>F?HPUI? DAGG?DCA@=HB@?D=H=AGNEJ?CAJ?NEGJ=GTHB?D=L=DEC=AGHPUI?DAN>=GEC=AGALE D?@EN=DL?@@SF?K=CIB@?D=H=AGBAFRN?@IASH=GTB@AM=J?HDAGH=HC?GCFAGT[C?@N N?DIEG=DEFEGJABC=DEFB?@LA@NEGD?P fP gY456687)538UI?hU[ijDAGG?DCA@=HEJ?M?FABN?GCALCI?GAKF?T?GJE@R hUL?@@SF?PhUHCEGJHhSFC=[L=>?@cAGG?DCA@PUI?hUL?@@SF?=G=CHME@=ASH J?H=TGHIEHCI?E>=F=CRCADAGG?DCEGRCI=GTL@AN]L=>?@H=GCI?hUijCA1] L=>?@H=GCI?FEC?HCM?@H=AGHALCI?h`kDAGG?DCA@P
6.5-38lm86.:8359).77/:;8756687)53
12
0 41-)2357454564-//7
28 9:;<;=>?@A=BC;D>EFGHIJ;@K<:>@=I=BI>=<@>E8 LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL M8 9:;<@ENOPABKK>A<B=F LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL Q8 GHIJ;@K<:>RE>BSTPPBKK>A<B=E8 LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL LLLLLLLLLLLLLLLLLLLLLLLLLLLLLLLL
4566789)*+958 ,-.976/
UVWW XY,,Z[3
\S<>=AB?IJ><@K]<:@ERK@<^_BR?RE<:;D>`KBCJ>a]>BSa@SS>=>K<<=;KE?@EE@BK ?>a@R?E^A;bJ>E;KaABKK>A<B=E8cK<:>b>]@KK@K]E>=@;J;KaI;=;JJ>JAB??RK@A;<@BK @E>HIJ;@K>a8cKE>=@;J<=;KE?@EE@BK^b@<E;=>E>K<E>dR>K<@;JJ_BK<:>E;?>A:;KK>J eC@=>f8cKI;=;JJ>J<=;KE?@EE@BK^?RJ<@IJ>b@<EeRER;JJ_gb@<EB=;b_<>hA:;=;A<>=f;=> E>K<E@?RJ<;K>BREJ_BKa@SS>=>K<A:;KK>JEeC@=>E^S=>dR>KA_A:;KK>JEfC@<:@K<:> E;?>A;bJ>8cK<:@ERK@<^C>:;D>E>>K<:;<<=;KE?@EE@BK?>a@;A;Kb>AJ;EE@S@>a;E ]R@a>aB=RK]R@a>a8iC@E<>ajI;@=A;bJ>@E;<_I>BSA;bJ@K]<:;<@ERE>aSB=<>J>I:BK> AB??RK@A;<@BKE;Ka?BE<?Ba>=KG<:>=K><K><CB=`E8PB;H@;JA;bJ>J@`><C@E<>aI;@=^ ABKE@E<EBS<CBABKaRA<B=E^bR<@EABKE<=RA<>aa@SS>=>K<J_<BI>=?@<@<<BBI>=;<>BD>=; C@a>==;K]>BSS=>dR>KA@>E8iBa;_kEBI<@A;JS@b>=@EC@a>J_RE>a;E;b;A`bBK>SB= K><CB=`aR><B@<E:@]:>=a;<;<=;KE?@EE@BK=;<>^J@]:<>=@KC>@]:<^JBC@K<>=S>=>KA>E^ J>EEKR?b>=BS=>I>;<>=E=>dR@=>a^JBK]a@E<;KA>ABD>=;]>><A88lI<@A;JS@b>=@EBS<CB <_I>E@8>8T@K]J>?Ba>BI<@A;JS@b>=;KamRJ<@?Ba>lI<@A;Jn@b>=8nR=<:>=?>a@R?BS AB??RK@A;<@BK@ERK]R@a>a8oK]R@a>a?>a@;<=;KEIB=<>J>A<=B?;]K><@AC;D>E C@<:BR<RE@K];I:_E@A;JABKaRA<B=8T@]K;JE;=>b=B;aA;E<<:BR]:;@=B=C;<>=^;Ka <:RE;=>;D;@J;bJ><B;K_BK>C:B:;E;a>D@A>A;I;bJ>BS=>A>@D@K]<:>?8i:> ABKK>A<B=E;=><:>@K<>=S;A>SB=AB??RK@A;<@BKb><C>>KAB?IR<>=EhAB?IR<>=E<B :Rb^EC@<A:^=BR<>=><A8cKp\Ob;E@A;JJ_RE>aABKK>A<B=8
UVWq [rsr[rt4rXusY[vwr[[rZxytz
28 {|}~ | ^\8T8 } <:Ga@<@BK^ =;A<@A> ;JJBScKa@;^O>C >J:@8M Q8 M8 | | | {|}} | | Q=a Ga@<@BK^N>:=BR nB=BR ;K^i;<;mA =;C @JJ8 Q8 {|}~ | ^ 8n8 R=BE> 898 BEE^\ iBI BCK\II=B;A: n>;<R=@K]<:>cK<>=K><^ >;=EBKGa@<@BK^M Q8 8 {|}} | | ^p>BK ;=A@;^;Ka9@a ; ;^i;<;mA =;C @JJ^ M 8 8 CCC8C@`@I>a@;8B=] 12
456789)*5+ 45,,-6.7/).56/60 18)2534.65
67 89:99;<=>?@A:BC=>??A;DE9:D>;FGHIJJIKLMNKJJILOPQ6NR STINIULQVWKXPUL STYZKNIULQ[W\]WJRI7 17 ^KXX_^7VWNWXPULQ=>?@A:BC`B:a>CbFcdM_PNWePdffXUKZRQgXTSTINIULhiRW jUXOKLkKYleKLLMWXIWPIL[WN\UXmILOn7
opqr stuvwxt1syz1s{|}s
~ 4 874 5-3 35538**q
7 LfKXKJJWJNXKLPeIPPIULQeYJNIfJW INPhYPYKJJ_ INPUXK _NW ZRKXKZNWXnKXW PWLNPIeYJNKLWUYPJ_ULTIllWXWLNZRKLLWJPh\IXWPQlXW YWLZ_ZRKLLWJPn\INRIL NRWPKeWZK JW 27 UJJU\ILOKXWNRWOYITWTNXKLPeIPPIULeWTIYeP In N\IPNWTfKIXQ IIn ZUK IKJZK JWQ IIIn UfNIZKJlI WX g7 MiVIPPIeIJKXNU iVILNRKNNRW\IXWfKIXPKXWN\IPNWTKXUYLTWKZRUNRWX7MiV KJPURKPPRIWJTILOKXUYLTNRWZK JWNUlYXNRWXfXUNWZNINlXUeW NWXLKJ ILNWXlWXWLZW7iRWeK IeYePWOeWLNJWLONRUlMiVZK JWIP eWNWXP7 MRIWJTWTN\IPNWT fKIXhMiVnZK JWZUe ILWPNRWNWZRLI YWPUlPRIWJTILOQ ZKLZWJJKNIULQKLT\IXWN\IPNILO7SKZRfKIXUl\IXWPIP\XKffWTILKeWNKJJIZlUIJ7
~ 4 874 5-3 35538**
7 UJJU\ILOKXWNRWeKILKffJIZKNIULPUl UK IKJZK JW7 In iWJW IPIULTIPNXI YNIUL IIn ^ULO TIPNKLZWNWJWfRULWNXKLPeIPPIUL IIIn MRUXN XYLZUefYNWXP_PNWeJILmP I n ^UZKJdXWK[WN\UXmP 27 MILOJWeUTWYPWPPNWf ILTW lI WXKLTKRIORJ_lUZYPWTPUYXZWUlJIORNNRKN JIeINP WKePNUKPeKJJXKLOWUlKLOJWPQKJJZJUPWNUNRWRUXI ULNKJ7iRWlI WX INPWJlIPeKLYlKZNYXWT\INRKeYZRPeKJJWXTIKeWNWXNRKLNRKNUleYJNIeUTW lI WXPQKLT\INRPY PNKLNIKJJ_JU\WXPTWLPIN_hILTW UlXWlXKZNIULn7iRWTWZXWKPW ILTWLPIN_XWPYJNPILKZXINIZKJKLOJWNRKNIPZJUPWWLUYORNU TWOXWWPNUeKmW NRWfXUfKOKNIULUl WKePTWJK_PKXWLWOJIOI JW7
~ 4 874 5-3 35538**r
7 XW YWLZIWP WN\WWL KLTg KXWZKJJWTeIZXU\K WP7jIZXU\K WPKXW YLITIXWZNIULKJ7HRWLKLKLNWLLKNXKLPeINPeIZXU\K W\K WPQNRW_ZKL W LKXXU\J_lUZYPWT7iRIPeWKLPNRKNNRWPWLTILOKLTXWZWI ILOKLNWLLKPLWWTNU WKJIOLWT7 NPKT KLNKOWIPNRKNKfKIXUlKLNWLLKPZKL WKJIOLWT\INRUYN ILNWXlWXILO\INRKLUNRWXfKIXUlKJIOLWTKLNWLLKP7 iRWfXUfKOKNIULUleIZXU\K WIPJILW Ul PIORN7iRWfXU JWe\INRNRIP fXUfKOKNIULIPNRKNNU\WXPNRKNKXWlKXKfKXNlXUeWKZRUNRWXLWWTNU W WX_NKJJ7 iRWZYX KNYXWUlNRWWKXNRKP\WJJKPUNRWX JUZmILOU PNKZJWPTUWPLUNKJJU\ N\UPRUXNNU\WXPNUZUeeYLIZKNW7 UXJULOTIPNKLZWZUeeYLIZKNIULQXWfWKNWXP KXWUlNWLLWWTWT7dLUNRWXTIPKT KLNKOWIPNRKN WX_RIORlXW YWLZ_eIZXU\K WP ZKLLUNfWLWNXKNW\KJJP7
12
01 23456789::48;9<=5>?9:4;64@AAB79:84AC>:D@EC@:@>;F<4EGF@8H 89::48;IJ@E89::48;KL89::48;9<FE4JM9<89>N@>A8>OA41 21 23@E@E>M@O4<9P;@8E8>OA489::48;9<1QFE3IPFAA89::48;9<;3>;8>:>AE9O4FE4J R@;3JFPA4NM@O4<89::48;@9:1234S789::48;9<89CP<@E4E>P9A?C4<O9J? R@;384<>C@8M4<<FA4O><<4A>EE4COA?PAFE>8<@CP9T4<EA44T4>:J<FOO4<O99;1 234E489::48;9<E><4EF@;>OA4M9<UVWWXC>:J0Y2CC8>OA4E123489::48;9<@E P<48@E@9:C>J4;9J4C>:J@:ZEP48@M@8>;@9:E1
4566789)*+958 ,-.976/
12
81,7 1(7:25. &/$66,),&$7,216 $1' 7232/2*,(6 6WUXFWXUH
3DJH 1R
,QWURGXFWLRQ 2EMHFWLYHV 1HWZRUN RYHUYLHZ
1HWZRUN &ODVVLILFDWLRQV DQG 7RSRORJLHV
&ODVVLILFDWLRQ RI QHWZRUNV /RFDO DUHD QHWZRUN /$1 0HWURSROLWDQ DUHD QHWZRUN PDQ :LGH DUHD QHWZRUN ZDQ
/$1 7RSRORJLHV /$1 0DF $FFHVV 0HWKRGV 1HWZRUN 7\SHV %DVHG RQ 6L]H )XQFWLRQDO &ODVVLILFDWLRQ RI 1HWZRUNV :DQ 7RSRORJLHV :DQ $FFHVV 0HWKRGV 6XPPDU\ 5HIHUHQFHV )XUWKHU 5HDGLQJ 6ROXWLRQV $QVZHUV
,1752'8&7,21
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
2%-(&7,9(6
$IWHU JRLQJ WKURXJK WKLV XQLW \RX VKRXOG EH DEOH WR x
'HILQH DQG FODVVLI\ QHWZRUN
x
GLVWLQJXLVK EHWZHHQ GLIIHUHQW W\SHV RI QHWZRUNV
x
GLIIHUHQWLDWH EHWZHHQ GLIIHUHQW QHWZRUN /$1 DQG :$1 WRSRORJLHV
x
XQGHUVWDQG /$1 DQG :$1 DFFHVV PHWKRGV
1(7:25. 29(59,(:
,Q WKH VLPSOHVW IRUP GDWD WUDQVIHU FDQ WDNH SODFH EHWZHHQ WZR GHYLFHV ZKLFK DUH GLUHFWO\ FRQQHFWHG E\ VRPH IRUP RI FRPPXQLFDWLRQ PHGLXP %XW LW LV QRW SUDFWLFDO IRU WZR GHYLFHV WR EH GLUHFWO\ SRLQW WR SRLQW FRQQHFWHG 7KLV LV GXH WR WKH IROORZLQJ UHDVRQV L
7KH GHYLFHV DUH VLWXDWHG DW UHPRWH SODFHV
LL
7KHUH LV D VHW RI GHYLFHV HDFK RI ZKRP PD\ UHTXLUH WR FRQQHFW WR RWKHUV DW YDULRXV WLPHV
1HWZRUNV DQG 'HYLFHV
6ROXWLRQ WR WKLV SUREOHP LV WR FRQQHFW HDFK GHYLFH WR D FRPPXQLFDWLRQ QHWZRUN &RPSXWHU 1HWZRUNV PHDQV LQWHUFRQQHFWHG VHW RI DXWRQRPRXV V\VWHPV WKDW SHUPLW GLVWULEXWHG SURFHVVLQJ RI LQIRUPDWLRQ ,Q RUGHU WR PHHW WKH QHHGV RI YDULRXV DSSOLFDWLRQV QHWZRUNV DUH DYDLODEOH ZLWK GLIIHUHQW LQWHUFRQQHFWLRQ OD\RXWV DQG SODQV PHWKRGV RI DFFHVV SURWRFROV DQG GDWD FDUU\LQJ FDSDFLWLHV 1HWZRUNV FDQ EH FODVVLILHG RQ WKH EDVLV RI JHRJUDSKLFDO FRYHUDJH
&ODVVLILFDWLRQ RI 1HWZRUNV x
/RFDO $UHD 1HWZRUN /$1
x
0HWURSROLWDQ $UHD 1HWZRUN 0$1
x
:LGH $UHD 1HWZRUN :$1
/RFDO $UHD 1HWZRUN /$1 $ ORFDO DUHD QHWZRUN LV UHODWLYHO\ VPDOOHU DQG SULYDWHO\ RZQHG QHWZRUN ZLWK WKH PD[LPXP VSDQ RI NP WR SURYLGH ORFDO FRQQHFWLYLW\ ZLWKLQ D EXLOGLQJ RU VPDOO JHRJUDSKLFDO DUHD 7KH /$1V DUH GLVWLQJXLVKHG IURP RWKHU NLQGV RI QHWZRUNV E\ WKUHH FKDUDFWHULVWLFV L
6L]H FRYHUDJH DUHD
LL
7UDQVPLVVLRQ WHFKQRORJ\ FRYHUDJH DUHD DQG
LLL 7RSRORJ\
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
$ /RFDO $UHD 1HWZRUN /$1 LV JHQHUDOO\ D SULYDWHO\ RZQHG QHWZRUN ZLWKLQ D VLQJOH RIILFH EXLOGLQJ RU FDPSXV FRYHULQJ D GLVWDQFH RI D IHZ NLORPHWHUV 7KH PDLQ UHDVRQ IRU GHVLJQLQJ D /$1 LV WR VKDUH UHVRXUFHV VXFK DV GLVNV SULQWHUV SURJUDPV DQG GDWD ,W DOVR HQDEOHV WKH H[FKDQJH RI LQIRUPDWLRQ &ODVVLFDOO\ /$1V KDG GDWD UDWHV RI 0HJDELWV
SHU VHFRQG 0ESV /DWHU 0ESV /$1V ZHUH LQWURGXFHG 7RGD\ /$1V ZLWK GDWD UDWHV RI WKRXVDQGV RI 0ESV DUH SRVVLEOH /$1V W\SLFDOO\ FDQ XVH WKH VWDU EXV RU D ULQJ WRSRORJ\ +RZHYHU EXV WRSRORJ\ LV SRSXODU LQ WKH (WKHUQHW /$1V DQG 7RNHQ %XV /$1V DQG ULQJ WRSRORJ\ LV SRSXODU LQ WKH 7RNHQ 5LQJ /$1V RI ,%0 $ PRGLILHG YHUVLRQ RI 7RNHQ 5LQJ LV )LEHU 'LVWULEXWHG 'DWD ,QWHUIDFH )'', 2I WKHVH (WKHUQHW DQG 7RNHQ 5LQJ DUH WKH PRVW SRSXODU /$1V
1HWZRUN &ODVVLILFDWLRQV DQG 7RSRORJLHV
) &KHFN <RXU 3URJUHVV
:KDW DUH YDULRXV W\SHV RI QHWZRUNV" «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
«««««««««««««««««««««««««««««««« :KDW LV WKH GLIIHUHQFH EHWZHHQ %URDGFDVWLQJ DQG 0XOWLFDVWLQJ" «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
/$1 7232/2*,(6
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
1HWZRUNV DQG 'HYLFHV
)LJXUH %XV 7RSRORJ\
,Q D EXV WRSRORJ\ VLJQDOV DUH EURDGFDVW WR DOO VWDWLRQV (DFK FRPSXWHU FKHFNV WKH DGGUHVV RQ WKH VLJQDO GDWD IUDPH DV LW SDVVHV DORQJ WKH EXV ,I WKH VLJQDO V DGGUHVV PDWFKHV WKDW RI WKH FRPSXWHU WKH FRPSXWHU SURFHVVHV WKH VLJQDO ,I WKH DGGUHVV GRHVQ W PDWFK WKH FRPSXWHU WDNHV QR DFWLRQ DQG WKH VLJQDO WUDYHOV GRZQ WKH EXV $GYDQWDJHV RI %XV 7RSRORJ\ 7KH DGYDQWDJHV RI %86 WRSRORJLHV DUH DV IROORZV L
%XV WRSRORJLHV DUH UHODWLYHO\ HDV\ WR LQVWDOO DQG GRQ W UHTXLUH PXFK FDEOLQJ FRPSDUHG WR RWKHU WRSRORJLHV
LL
(DV\ WR FRQQHFW D FRPSXWHU RU SHULSKHUDO WR D OLQHDU EXV
LLL 5HTXLUHV OHVV FDEOH OHQJWK WKDQ D VWDU WRSRORJ\ DV \RX RQO\ QHHG WR FKDLQ WKH VWDWLRQV WRJHWKHU LY
7KHUH LV QR FHQWUDO SRLQW RI IDLOXUH RQ D EXV EHFDXVH WKHUH LV QR VZLWFK
Y
6LPSOH DQG HDV\ WR LPSOHPHQW DQG H[WHQG
YL
)DLOXUH RI RQH VWDWLRQ GRHV QRW DIIHFW RWKHUV
'LVDGYDQWDJHV RI D /LQHDU %XV 7RSRORJ\ 7KH GLVDGYDQWDJHV RI %86 WRSRORJLHV DUH DV IROORZV L
(QWLUH QHWZRUN VKXWV GRZQ LI WKHUH LV D EUHDN LQ WKH PDLQ FDEOH
LL
7HUPLQDWRUV DUH UHTXLUHG DW ERWK HQGV RI WKH EDFNERQH FDEOH
LLL 'LIILFXOW WR LGHQWLI\ WKH SUREOHP LI WKH HQWLUH QHWZRUN VKXWV GRZQ LY
1RW PHDQW WR EH XVHG DV D VWDQG DORQH VROXWLRQ LQ D ODUJH EXLOGLQJ
Y
0DLQWHQDQFH FRVWV PD\ EH KLJKHU LQ WKH ORQJ UXQ
YL
0RUH H[SHQVLYH FDEOLQJ %HFDXVH WKH OLQH LV VKDUHG WKH FDEOH VKRXOG KDYH KLJK EDQGZLGWK
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
1HWZRUN &ODVVLILFDWLRQV DQG 7RSRORJLHV
)LJXUH 6WDU 7RSRORJ\
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
(DV\ WR DGG QHZ VWDWLRQV DV HDFK VWDWLRQ KDV LWV RZQ GLUHFW FDEOH FRQQHFWLRQ WR WKH VZLWFK ,I D FDEOH LV FXW LW RQO\ DIIHFWV WKH FRPSXWHU WKDW ZDV DWWDFKHG WR LW
LL
,W FDQ DFFRPPRGDWH GLIIHUHQW ZLULQJ ,W FDQ EH LQVWDOOHG XVLQJ WZLVWHG SDLU FRD[LDO FDEOH RU ILEHU RSWLF FDEOH
LLL 6LQFH DOO LQIRUPDWLRQ LQ D VWDU WRSRORJ\ JRHV WKURXJK D FHQWUDO SRLQW VWDU WRSRORJLHV DUH HDV\ WR WURXEOHVKRRW $ VWDU FDQ VLPSOLI\ WURXEOHVKRRWLQJ EHFDXVH VWDWLRQV FDQ EH GLVFRQQHFWHG IURP WKH VZLWFK RQH DW D WLPH XQWLO WKH SUREOHP LV LVRODWHG LY
7KH PDLQ DGYDQWDJH LV WKDW RQH PDOIXQFWLRQLQJ QRGH GRHV QRW DIIHFW WKH UHVW RI WKH QHWZRUN
'LVDGYDQWDJHV RI D 6WDU 7RSRORJ\ 7KH DGYDQWDJHV RI VWDU WRSRORJLHV DUH DV IROORZV L
'HSHQGLQJ RQ ZKHUH WKH VZLWFKHV DUH ORFDWHG VWDU QHWZRUNV FDQ UHTXLUH PRUH FDEOH OHQJWK WKDQ D OLQHDU WRSRORJ\
LL
,I WKH VZLWFK FRQFHQWUDWRU VZLWFKHV IDLO QRGHV DWWDFKHG DUH GLVDEOHG
LLL 0RUH H[SHQVLYH WKDQ OLQHDU EXV WRSRORJLHV EHFDXVH RI WKH FRVW RI WKH VZLWFKHV 5LQJ 7RSRORJ\ $OO WKH QRGHV LQ D ULQJ QHWZRUN DUH FRQQHFWHG LQ D FORVHG FLUFOH RI FDEOH DV VKRZQ LQ ILJXUH 0HVVDJHV WKDW DUH WUDQVPLWWHG WUDYHO DURXQG WKH ULQJ XQWLO WKH\ UHDFK WKH FRPSXWHU WKDW WKH\ DUH DGGUHVVHG WR 7KH VLJQDO EHLQJ WUDQVPLWWHG LV UHIUHVKHG E\ HDFK QRGH LQ WKH ULQJ EHWZHHQ WKH VHQGHU DQG UHFHLYHU ,Q D ULQJ QHWZRUN HYHU\ GHYLFH KDV H[DFWO\ WZR QHLJKERUV IRU FRPPXQLFDWLRQ SXUSRVHV
1HWZRUNV DQG 'HYLFHV
)LJXUH 5LQJ 7RSRORJ\
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
*URZWK RI V\VWHP KDV PLQLPDO LPSDFW RQ SHUIRUPDQFH 7KH ULQJ QHWZRUNV FDQ EH ODUJHU WKDQ EXV RU VWDU EHFDXVH HDFK QRGH UHJHQHUDWHV WKH VLJQDO
LL
'HJUDGH QLFHO\ XQGHU KLJK XWLOL]DWLRQ (YHU\ERG\ JHWV WR WDON
LLL )DXOW WROHUDQFH EXLOGV LQWR WKH GHVLJQ FDQ E\SDVV GDPDJHG QRGHV LY
'DWD SDFNHWV WUDYHO DW D JUHDWHU VSHHG
'LVDGYDQWDJHV RI 5LQJ 7RSRORJ\ 7KH GLVDGYDQWDJHV RI ULQJ WRSRORJLHV DUH DV IROORZV L
([SHQVLYH WRSRORJ\
LL
)DLOXUH RI RQH LQWHUIDFH PD\ LPSDFW RWKHUV $ IDLOXUH LQ DQ\ FDEOH RU GHYLFH EUHDNV WKH ORRS DQG ZLOO WDNH GRZQ WKH HQWLUH VHJPHQW
LLL ,W LV FRPSOH[ WR LPSOHPHQW DQG WR H[WHQG WKH QHWZRUN \RX PXVW EUHDN WKH LY
5LQJ ZKLFK EULQJV WKH QHWZRUN GRZQ ,I DQ\ GHYLFH LV DGGHG WR RU UHPRYHG IURP WKH ULQJ WKH ULQJ LV EURNHQ DQG WKH VHJPHQW IDLOV
0HVK 7RSRORJ\ ,Q WKH WRSRORJLHV VKRZQ LQ ILJXUH WKHUH LV RQO\ RQH SRVVLEOH SDWK IURP RQH QRGH WR DQRWKHU QRGH ,I DQ\ FDEOH LQ WKH SDWK LV EURNHQ WKH QRGHV FDQQRW FRPPXQLFDWH ,Q D PHVK WRSRORJ\ HYHU\ GHYLFH KDV D GHGLFDWHG SRLQW WR SRLQW OLQN WR HYHU\ RWKHU GHYLFH 6XFK D QHWZRUN LV FDOOHG FRPSOHWH EHFDXVH EHWZHHQ DQ\ WZR GHYLFHV WKHUH LV D VSHFLDO OLQN RQH FRXOG QRW DGG DQ\ QRQ UHGXQGDQW OLQNV
1HWZRUN &ODVVLILFDWLRQV DQG 7RSRORJLHV
)LJXUH 0HVK 7RSRORJ\
0HVK WRSRORJ\ XVHV ORWV RI FDEOHV WR FRQQHFW HYHU\ QRGH ZLWK HYHU\ RWKHU QRGH ,W LV YHU\ H[SHQVLYH WR ZLUH XS EXW LI DQ\ FDEOH IDLOV WKHUH DUH PDQ\ RWKHU ZD\V IRU WZR QRGHV WR FRPPXQLFDWH ,Q PHVK WRSRORJ\ LI ZH KDYH WR FRQQHFW µQ¶ FRPSXWHUV WKHQ ZH QHHG Q Q FDEOHV FRQQHFWLRQV DQG HDFK FRPSXWHU PXVW KDYH Q (WKHUQHW FDUGV $GYDQWDJHV RI 0HVK 7RSRORJ\ 7KH DGYDQWDJHV RI PHVK WRSRORJ\ DUH DV IROORZV L
5HGXQGDQW OLQNV EHWZHHQ GHYLFHV
LL
*RRG VHFXULW\ ,I WKH OLQH LV QRW WDSSHG RQO\ WKH LQWHQGHG UHFLSLHQW FDQ VHH WKH GDWD
LLL 5HOLDELOLW\ ,QFUHDVLQJ QHWZRUN WUDIILF GRHV QRW DIIHFW WKH VSHHG RI RWKHU FRQQHFWLRQV LY
(DV\ IDXOW LGHQWLILFDWLRQ DQG LVRODWLRQ DQ XQXVDEOH OLQN GRHV QRW LQFDSDFLWDWH WKH HQWLUH V\VWHP
'LVDGYDQWDJHV RI 0HVK 7RSRORJ\ 7KH GLVDGYDQWDJHV RI PHVK WRSRORJ\ DUH DV IROORZV L
(DFK QRGH PXVW KDYH DQ LQWHUIDFH IRU HYHU\ RWKHU GHYLFH
LL
/DUJH DPRXQWV RI FDEOH IRU PDQ\ GHYLFHV WR EH FRQQHFWHG LQ D PHVK HQYLURQPHQW $ PHVK WRSRORJ\ IRU Q GHYLFHV QHHGV Q Q FRQQHFWLRQV ,W LV WKHUHIRUH KDUG WR LQVWDOO DQG H[SHQVLYH EHFDXVH RI WKH H[WHQVLYH FDEOLQJ
LLL 8QOHVV HDFK VWDWLRQ VHQGV WR HYHU\ RWKHU VWDWLRQ IUHTXHQWO\ EDQGZLGWK LV ZDVWHG /LQNV WKDW DUH QRW EHLQJ XVHG LY
$QRWKHU GLVDGYDQWDJH LV WKDW WKHUH LV RQO\ OLPLWHG RI , 2 SRUWV LQ D FRPSXWHU EXW HYHU\ FRQQHFWLRQ QHHGV RQH
7UHH 7RSRORJ\ 7KH WUHH WRSRORJ\ DOVR NQRZQ DV WKH +LHUDUFKLFDO WRSRORJ\ 7KH WUHH WRSRORJ\ LV D FRPELQDWLRQ RI EXV DQG VWDU WRSRORJLHV ,W FRQVLVWV RI JURXSV RI VWDU FRQILJXUHG ZRUNVWDWLRQV FRQQHFWHG WR D OLQHDU EXV EDFNERQH FDEOH 7UHH WRSRORJLHV DOORZ IRU WKH H[SDQVLRQ RI DQ H[LVWLQJ QHWZRUN DQG HQDEOH WR FRQILJXUH D QHWZRUN WR PHHW WKHLU QHHGV 7KH\ DUH YHU\ FRPPRQ LQ ODUJHU QHWZRUNV )LJXUH JLYHQ EHORZ VKRZV D W\SLFDO WUHH WRSRORJ\
1HWZRUNV DQG 'HYLFHV
)LJXUH 7UHH 7RSRORJ\
)RU H[DPSOH D ILOH VHUYHU LV FRQQHFWHG WR D SRUW VZLWFK $ FDEOH JRHV IURP WKH VZLWFK WR D FRPSXWHU URRP ZKHUH LW FRQQHFWV WR DQRWKHU VZLWFK 0DQ\ FDEOHV SDVV IURP WKLV VZLWFK WR WKH FRPSXWHUV LQ WKH FRPSXWHU URRP 7KH QRGH DW WKH KLJKHVW SRLQW LQ WKH KLHUDUFK\ XVXDOO\ D ILOH VHUYHU FRQWUROV WKH QHWZRUN $GYDQWDJHV RI D 7UHH 7RSRORJ\ 7KH DGYDQWDJHV RI WUHH WRSRORJ\ DUH DV IROORZV L
3RLQW WR SRLQW ZLULQJ IRU LQGLYLGXDO VHJPHQWV
LL
6XSSRUWHG E\ VHYHUDO KDUGZDUH DQG VRIWZDUH YHQGRUV
'LVDGYDQWDJHV RI D 7UHH 7RSRORJ\ 7KH GLVDGYDQWDJHV RI WUHH WRSRORJ\ DUH DV IROORZV L
2YHUDOO OHQJWK RI HDFK VHJPHQW LV OLPLWHG E\ WKH W\SH RI FDEOLQJ XVHG
LL
,I WKH EDFNERQH OLQH EUHDNV WKH HQWLUH VHJPHQW JRHV GRZQ
LLL 0RUH GLIILFXOW WR FRQILJXUH DQG ZLUH WKDQ RWKHU WRSRORJLHV &RQVLGHUDWLRQV :KHQ &KRRVLQJ D 7RSRORJ\ 7KH FRQVLGHUDWLRQV ZKLOH FKRRVLQJ WRSRORJLHV DUH DV IROORZV L
&RVW $ OLQHDU EXV QHWZRUN PD\ EH WKH OHDVW H[SHQVLYH ZD\ WR LQVWDOO D QHWZRUN \RX GR QRW KDYH WR SXUFKDVH FRQFHQWUDWRUV
LL
/HQJWK RI FDEOH QHHGHG 7KH OLQHDU EXV QHWZRUN XVHV VKRUWHU OHQJWKV RI FDEOH
LLL )XWXUH JURZWK :LWK D VWDU WRSRORJ\ H[SDQGLQJ D QHWZRUN LV HDVLO\ GRQH E\ DGGLQJ DQRWKHU VZLWFK LY
&DEOH W\SH 7KH PRVW FRPPRQ FDEOH LV XQVKLHOGHG WZLVWHG SDLU ZKLFK LV PRVW RIWHQ XVHG ZLWK EXV VWDU WRSRORJLHV
/$1 0$& $&&(66 0(7+2'6
*RDOV RI 0$& 0HGLXP $FFHVV &RQWURO WHFKQLTXHV DUH GHVLJQHG ZLWK WKH IROORZLQJ JRDOV LQ PLQG x
,QLWLDOLVDWLRQ 7KH WHFKQLTXH HQDEOHV QHWZRUN VWDWLRQV XSRQ SRZHU XS WR HQWHU WKH VWDWH UHTXLUHG IRU RSHUDWLRQ
x
)DLUQHVV 7KH WHFKQLTXH VKRXOG WUHDW HDFK VWDWLRQ IDLUO\ LQ WHUPV RI WKH WLPH LW LV PDGH WR ZDLW XQWLO LW JDLQV HQWU\ WR WKH QHWZRUN DFFHVV WLPH DQG WKH WLPH LW LV DOORZHG WR VSHQG IRU WUDQVPLVVLRQ
x
3ULRULW\ ,Q PDQDJLQJ DFFHVV DQG FRPPXQLFDWLRQV WLPH WKH WHFKQLTXH VKRXOG EH DEOH WR JLYH SULRULW\ WR VRPH VWDWLRQV RYHU RWKHU VWDWLRQV WR IDFLOLWDWH GLIIHUHQW W\SH RI VHUYLFHV QHHGHG
x
/LPLWDWLRQV WR RQH VWDWLRQ 7KH WHFKQLTXHV VKRXOG DOORZ WUDQVPLVVLRQ E\ RQH VWDWLRQ DW D WLPH
x
5HFHLSW 7KH WHFKQLTXH VKRXOG HQVXUH WKDW PHVVDJH SDFNHWV DUH DFWXDOO\ UHFHLYHG QR ORVW SDFNHWV DQG GHOLYHUHG RQO\ RQFH QR GXSOLFDWH SDFNHWV DQG DUH UHFHLYHG LQ WKH SURSHU RUGHU
x
(UURU /LPLWDWLRQ 7KH PHWKRG VKRXOG EH FDSDEOH RI HQFRPSDVVLQJ DQ DSSURSULDWH HUURU GHWHFWLRQ VFKHPH
x
5HFRYHU\ ,I WZR SDFNHWV FROOLGH DUH SUHVHQW RQ WKH QHWZRUN DW WKH VDPH WLPH RU LI QRWLFH RI D FROOLVLRQ DSSHDUV WKH PHWKRG VKRXOG EH DEOH WR UHFRYHU L H EH DEOH WR KDOW DOO WKH WUDQVPLVVLRQV DQG VHOHFW RQH VWDWLRQ WR UHWUDQVPLW
x
5H FRQILJXUDELOLW\ 7KH WHFKQLTXH VKRXOG HQDEOH D QHWZRUN WR DFFRPPRGDWH WKH DGGLWLRQ RU GHOHWLRQ RI D VWDWLRQ ZLWK QR PRUH WKDQ D QRLVH WUDQVLHQW IURP ZKLFK WKH QHWZRUN VWDWLRQ FDQ UHFRYHU
x
&RPSDWLELOLW\ 7KH WHFKQLTXH VKRXOG DFFRPPRGDWH HTXLSPHQW IURP DOO YHQGRUV ZKR EXLOG WR LWV VSHFLILFDWLRQ
x
5REXVWQHVV 7KH WHFKQLTXH VKRXOG HQDEOH D QHWZRUN WR FRQILQH RSHUDWLQJ LQ VSLWH RI D IDLOXUH RI RQH RU VHYHUDO VWDWLRQV
1HWZRUN &ODVVLILFDWLRQV DQG 7RSRORJLHV
7KH 0$& 0HGLXP $FFHVV &RQWURO WHFKQLTXHV FDQ EH EURDGO\ GLYLGHG LQWR IRXU FDWHJRULHV &RQWHQWLRQ EDVHG 5RXQG 5RELQ 5HVHUYDWLRQ EDVHG DQG &KDQQHOL]DWLRQ EDVHG 8QGHU WKHVH IRXU EURDG FDWHJRULHV WKHUH DUH VSHFLILF WHFKQLTXHV DV VKRZQ LQ )LJXUH EHORZ )LJXUH &ODVVLILFDWLRQ RI 0HGLXP $FFHVV &RQWURO WHFKQLTXHV
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
1HWZRUNV DQG 'HYLFHV
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³SROO UHMHFW´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
1HWZRUN &ODVVLILFDWLRQV DQG 7RSRORJLHV
)LJXUH 0HFKDQLVP RI 7RNHQ 3DVVLQJ
,Q FDVH RI WRNHQ ULQJ DV VKRZQ LQ IORZFKDUW RI ILJXUH WRNHQ LV SDVVHG IURP D QRGH WR WKH SK\VLFDOO\ DGMDFHQW QRGH 2Q WKH RWKHU KDQG LQ WKH WRNHQ EXV WRNHQ LV SDVVHG ZLWK WKH KHOS RI WKH DGGUHVV RI WKH QRGHV ZKLFK IRUP D ORJLFDO ULQJ ,Q HLWKHU FDVH D QRGH FXUUHQWO\ KROGLQJ WKH WRNHQ KDV WKH µULJKW WR WUDQVPLW¶ :KHQ LW KDV JRW GDWD WR VHQG LW WUDQVPLWV WKH GDWD DQG WKHQ IRUZDUGV WKH WRNHQ WR WKH QH[W ORJLFDO RU SK\VLFDO QRGH LQ WKH ULQJ ,I D QRGH FXUUHQWO\ KROGLQJ WKH WRNHQ KDV QR GDWD WR VHQG LW VLPSO\ IRUZDUGV WKH WRNHQ WR WKH QH[W QRGH 7KH WRNHQ SDVVLQJ VFKHPH LV HIILFLHQW FRPSDUHG WR WKH SROOLQJ WHFKQLTXH EXW LW UHOLHV RQ WKH FRUUHFW DQG UHOLDEOH RSHUDWLRQ RI DOO WKH QRGHV 7KHUH H[LVWV D QXPEHU RI SRWHQWLDO SUREOHPV VXFK DV ORVW WRNHQ GXSOLFDWH WRNHQ DQG LQVHUWLRQ RI D QRGH UHPRYDO RI D QRGH ZKLFK PXVW EH WDFNOHG IRU FRUUHFW DQG UHOLDEOH RSHUDWLRQ RI WKLV VFKHPH
)
&KHFN <RXU 3URJUHVV :ULWH DQ DGYDQWDJH DQG RQH GLVDGYDQWDJH RI VWDU WRSRORJ\" «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
«««««««««««««««««««««««««««««««« :KDW LV WKH GLIIHUHQFH &RQVLGHUDWLRQV ZKLOH &KRRVLQJ D 7RSRORJ\ IRU D QHWZRUN" «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
1(7:25. 7<3(6 %$6(' 21 6,=(
$V \RX NQRZ WKDW ,Q RUGHU WR PHHW WKH QHHGV RI YDULRXV DSSOLFDWLRQV QHWZRUNV DUH DYDLODEOH ZLWK GLIIHUHQW LQWHUFRQQHFWLRQ OD\RXWV DQG SODQV PHWKRGV RI DFFHVV SURWRFROV DQG GDWD FDUU\LQJ FDSDFLWLHV 1HWZRUNV FDQ EH FODVVLILHG RQ WKH EDVLV RQ VL]H FODVVLILHG
1HWZRUNV DQG 'HYLFHV
DUH IROORZLQJ <RX KDYH DOUHDG\ VWXGLHG WKH EULHI DERXW /$1 0$1 DQG :$1 LQ WKH EHJLQQLQJ RI WKLV XQLW 1RZ LQ WKLV VHFWLRQ OHWV XV DJDLQ GLVFXVV WKHP IXUWKHU 3HUVRQDO DUHD QHWZRUN 3$1
/RFDO DUHD QHWZRUN /$1
0HWURSROLWDQ DUHD QHWZRUN 0$1
:LGH DUHD QHWZRUN :$1
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
/$1 $ ORFDO DUHD QHWZRUN /$1 VXSSOLHV QHWZRUNLQJ FDSDELOLW\ WR D JURXS RI FRPSXWHUV LQ FORVH SUR[LPLW\ WR HDFK RWKHU VXFK DV LQ DQ RIILFH EXLOGLQJ D VFKRRO RU D KRPH $ /$1 LV XVHIXO IRU VKDULQJ UHVRXUFHV OLNH ILOHV SULQWHUV JDPHV RU RWKHU DSSOLFDWLRQV $ /$1 LQ WXUQ RIWHQ FRQQHFWV WR RWKHU /$1V DQG WR WKH ,QWHUQHW RU RWKHU :$1 0RVW ORFDO DUHD QHWZRUNV DUH EXLOW ZLWK UHODWLYHO\ LQH[SHQVLYH KDUGZDUH VXFK DV (WKHUQHW FDEOHV QHWZRUN DGDSWHUV DQG KXEV :LUHOHVV /$1 DQG RWKHU PRUH DGYDQFHG /$1 KDUGZDUH RSWLRQV DOVR H[LVW 6SHFLDOL]HG RSHUDWLQJ V\VWHP VRIWZDUH PD\ EH XVHG WR FRQILJXUH D ORFDO DUHD QHWZRUN )RU H[DPSOH PRVW IODYRUV RI 0LFURVRIW :LQGRZV SURYLGH D VRIWZDUH SDFNDJH FDOOHG ,QWHUQHW &RQQHFWLRQ 6KDULQJ ,&6 WKDW VXSSRUWV FRQWUROOHG DFFHVV WR /$1 UHVRXUFHV
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
)81&7,21$/ &/$66,),&$7,21 2) 1(7:25.6
2Q WKH EDVLV RI IXQFWLRQDO UHODWLRQVKLS QHWZRUN LV FODVVLILHG DV IROORZV
3HHU WR SHHU
&OLHQW VHUYHU
3HHU WR 3HHU 3HHU WR SHHU QHWZRUN RSHUDWLQJ V\VWHPV DOORZ XVHUV WR VKDUH UHVRXUFHV DQG ILOHV ORFDWHG RQ WKHLU FRPSXWHUV DQG WR DFFHVV VKDUHG UHVRXUFHV IRXQG RQ RWKHU FRPSXWHUV +RZHYHU WKH\ GR QRW KDYH D ILOH VHUYHU RU D FHQWUDOL]HG PDQDJHPHQW VRXUFH 6HH ILJXUH JLYHQ EHORZ ,Q
D SHHU WR SHHU QHWZRUN DOO FRPSXWHUV DUH FRQVLGHUHG HTXDO WKH\ DOO KDYH WKH VDPH DELOLWLHV WR XVH WKH UHVRXUFHV DYDLODEOH RQ WKH QHWZRUN 3HHU WR SHHU QHWZRUNV DUH GHVLJQHG SULPDULO\ IRU VPDOO WR PHGLXP ORFDO DUHD QHWZRUNV $SSOH6KDUH DQG :LQGRZV IRU :RUNJURXSV DUH H[DPSOHV RI SURJUDPV WKDW FDQ IXQFWLRQ DV SHHU WR SHHU QHWZRUN RSHUDWLQJ V\VWHPV
1HWZRUN &ODVVLILFDWLRQV DQG 7RSRORJLHV
)LJXUH 3HHU WR 3HHU QHWZRUN
7KH DGYDQWDJHV RI SHHU WR SHHU RYHU FOLHQW VHUYHU 126V LQFOXGH L
1R QHHG IRU D QHWZRUN DGPLQLVWUDWRU
LL
1HWZRUN LV IDVW LQH[SHQVLYH WR VHWXS PDLQWDLQ
LLL (DFK 3& FDQ PDNH EDFNXS FRSLHV RI LWV GDWD WR RWKHU 3&V IRU VHFXULW\ %\ IDU WKH HDVLHVW W\SH RI QHWZRUN WR EXLOG SHHU WR SHHU LV SHUIHFW IRU ERWK KRPH DQG RIILFH XVH
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
,Q D FOLHQW VHUYHU HQYLURQPHQW OLNH :LQGRZV 17 RU 1RYHOO 1HW:DUH ILOHV DUH VWRUHG RQ D FHQWUDOL]HG KLJK VSHHG ILOH VHUYHU 3& WKDW LV PDGH DYDLODEOH WR FOLHQW 3&V 1HWZRUN DFFHVV VSHHGV DUH XVXDOO\ IDVWHU WKDQ WKRVH IRXQG RQ SHHU WR SHHU QHWZRUNV ZKLFK LV UHDVRQDEOH JLYHQ WKH YDVW QXPEHUV RI FOLHQWV WKDW WKLV DUFKLWHFWXUH FDQ VXSSRUW 1HDUO\ DOO QHWZRUN VHUYLFHV OLNH SULQWLQJ DQG HOHFWURQLF PDLO DUH URXWHG WKURXJK WKH ILOH VHUYHU ZKLFK DOORZV QHWZRUNLQJ WDVNV WR EH WUDFNHG ,QHIILFLHQW QHWZRUN VHJPHQWV FDQ EH UHZRUNHG WR PDNH WKHP IDVWHU DQG XVHUV DFWLYLWLHV FDQ EH FORVHO\ PRQLWRUHG 3XEOLF GDWD DQG DSSOLFDWLRQV DUH VWRUHG RQ WKH ILOH VHUYHU ZKHUH WKH\ DUH UXQ IURP FOLHQW 3&V ORFDWLRQV ZKLFK PDNH XSJUDGLQJ VRIWZDUH D VLPSOH WDVN QHWZRUN DGPLQLVWUDWRUV FDQ VLPSO\ XSJUDGH WKH DSSOLFDWLRQV VWRUHG RQ WKH ILOH VHUYHU UDWKHU WKDQ KDYLQJ WR SK\VLFDOO\ XSJUDGH HDFK FOLHQW 3&
1HWZRUNV DQG 'HYLFHV
:$1 7232/2*,(6
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
:$1 $&&(66 0(7+2'6
:$1 DFFHVV PHWKRGV DUH DV IROORZV
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
1HWZRUN &ODVVLILFDWLRQV DQG 7RSRORJLHV
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
)
&KHFN <RXU 3URJUHVV :ULWH WKH DGYDQWDJH RI SHHU WR SHHU RYHU FOLHQW VHUYHU «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
1HWZRUNV DQG 'HYLFHV
/LVW DQ\ WKUHH :$1 DFFHVV PHWKRGV «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
6800$5<
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
5()(5(1&(6 )857+(5 5($',1*
&RPSXWHU 1HWZRUNV $ 6 7DQHQEDXP WK (GLWLRQ 3UDFWLFH +DOO RI ,QGLD 1HZ 'HOKL
,QWURGXFWLRQ WR 'DWD &RPPXQLFDWLRQ 1HWZRUNLQJ UG (GLWLRQ %HKURX] )RURX]DQ 7DWD 0F*UDZ +LOO
&RPSXWHU 1HWZRUNLQJ - ) .XURVH . : 5RVV $ 7RS 'RZQ $SSURDFK )HDWXULQJ WKH ,QWHUQHW 3HDUVRQ (GLWLRQ
&RPPXQLFDWLRQV 1HWZRUNV /HRQ *DUFLD DQG :LGMDMD 7DWD 0F*UDZ +LOO
'DWD DQG &RPSXWHU &RPPXQLFDWLRQV :LOOLDQ 6WDOOLQJV WK (GLWLRQ 3HDUVRQ (GXFDWLRQ 1HZ 'HOKL
ZZZ ZLNLSHGLD RUJ
/DUU\ / 3HWHUVRQ &RPSXWHU 1HWZRUNV $ 6\VWHPV $SSURDFK UG (GLWLRQ 7KH 0RUJDQ .DXIPDQQ 6HULHV LQ 1HWZRUNLQJ
62/87,216 $16:(56 )
)
&KHFN <RXU 3URJUHVV 7KHUH DUH EDVLFDOO\ WZR W\SHV RI QHWZRUNV L
3RLQW WR SRLQW QHWZRUN RU VZLWFKHG QHWZRUNV
LL
%URDGFDVW 1HWZRUNV
%URDGFDVWLQJ UHIHUV WR DGGUHVVLQJ D SDFNHW WR DOO GHVWLQDWLRQV LQ D QHWZRUN ZKHUHDV PXOWLFDVWLQJ UHIHUV WR DGGUHVVLQJ D SDFNHW WR D VXEVHW RI WKH HQWLUH QHWZRUN
&KHFN <RXU 3URJUHVV $GYDQWDJHV RI D 6WDU 7RSRORJ\ 7KH DGYDQWDJHV RI VWDU WRSRORJLHV DUH DV IROORZV L
(DV\ WR DGG QHZ VWDWLRQV DV HDFK VWDWLRQ KDV LWV RZQ GLUHFW FDEOH
LL
FRQQHFWLRQ WR WKH VZLWFK ,I D FDEOH LV FXW LW RQO\ DIIHFWV WKH FRPSXWHU WKDW ZDV DWWDFKHG WR LW ,W FDQ DFFRPPRGDWH GLIIHUHQW ZLULQJ ,W FDQ EH LQVWDOOHG XVLQJ WZLVWHG SDLU FRD[LDO FDEOH RU ILEHU RSWLF FDEOH
1HWZRUN &ODVVLILFDWLRQV DQG 7RSRORJLHV
'LVDGYDQWDJHV RI D 6WDU 7RSRORJ\ 7KH DGYDQWDJHV RI VWDU WRSRORJLHV DUH DV IROORZV
L
'HSHQGLQJ RQ ZKHUH WKH VZLWFKHV DUH ORFDWHG VWDU QHWZRUNV FDQ UHTXLUH PRUH FDEOH OHQJWK WKDQ D OLQHDU WRSRORJ\
LL
,I WKH VZLWFK FRQFHQWUDWRU VZLWFKHV IDLO QRGHV DWWDFKHG DUH GLVDEOHG
7KH FRQVLGHUDWLRQV ZKLOH FKRRVLQJ WRSRORJLHV DUH DV IROORZV L
&RVW $ OLQHDU EXV QHWZRUN PD\ EH WKH OHDVW H[SHQVLYH ZD\ WR LQVWDOO D QHWZRUN \RX GR QRW KDYH WR SXUFKDVH FRQFHQWUDWRUV
LL
/HQJWK RI FDEOH QHHGHG 7KH OLQHDU EXV QHWZRUN XVHV VKRUWHU OHQJWKV RI FDEOH
LLL )XWXUH JURZWK :LWK D VWDU WRSRORJ\ H[SDQGLQJ D QHWZRUN LV HDVLO\ GRQH E\ DGGLQJ DQRWKHU VZLWFK LY
)
&DEOH W\SH 7KH PRVW FRPPRQ FDEOH LV XQVKLHOGHG WZLVWHG SDLU ZKLFK LV PRVW RIWHQ XVHG ZLWK EXV VWDU WRSRORJLHV
&KHFN <RXU 3URJUHVV 7KH DGYDQWDJHV RI SHHU WR SHHU RYHU FOLHQW VHUYHU EDVHG QHWZRUNV DUH L
1R QHHG IRU D QHWZRUN DGPLQLVWUDWRU
LL
1HWZRUN LV IDVW LQH[SHQVLYH WR VHWXS PDLQWDLQ
LLL (DFK 3& FDQ PDNH EDFNXS FRSLHV RI LWV GDWD WR RWKHU 3&V IRU VHFXULW\ %\ IDU WKH HDVLHVW W\SH RI QHWZRUN WR EXLOG SHHU WR SHHU LV SHUIHFW IRU ERWK KRPH DQG RIILFH XVH
:$1 DFFHVV PHWKRGV DUH DV IROORZV L
3DFNHW 6ZLWFKLQJ 3DFNHW VZLWFKLQJ LV XVHG WR RYHUFRPH IURP OLPLWDWLRQV RI FLUFXLW VZLWFKLQJ SDFNHW VZLWFKLQJ KDV HPHUJHG DV WKH VWDQGDUG VZLWFKLQJ WHFKQRORJ\ IRU FRPSXWHU WR FRPSXWHU FRPPXQLFDWLRQV DQG WKHUHIRUH XVHG E\ PRVW RI WKH FRPPXQLFDWLRQ SURWRFROV VXFK DV ; 7&3 ,3 )UDPH 5HOD\ $70 HWF
LL
/HDVH /LQH $ SHUPDQHQW WHOHSKRQH FRQQHFWLRQ EHWZHHQ WZR SRLQWV VHW XS E\ D WHOHFRPPXQLFDWLRQV FRPPRQ FDUULHU
LLL ,6'1 ,QWHJUDWHG 6HUYLFHV 'LJLWDO 1HWZRUN ,6'1 ZDV GHYHORSHG E\ ,78 7LQ ,W LV D VHW RI SURWRFROV WKDW FRPELQHV GLJLWDO WHOHSKRQ\ DQG GDWD WUDQVSRUW VHUYLFHV LY
'6/ 'LJLWDO VXEVFULEHU OLQH '6/ LV D IDPLO\ RI WHFKQRORJLHV WKDW SURYLGH ,QWHUQHW DFFHVV E\ WUDQVPLWWLQJ GLJLWDO GDWD RYHU WKH ZLUHV RI D ORFDO WHOHSKRQH QHWZRUN
3456789*+,-.+/40124*++ +
3345+6+784+93/+5:;<4;+=7/>?8++ 858@25@84++
1BCD EFGHIJKLGMIF" 1BND OPQRLGMSRT" 1B1D OUE"VRWRHRFLR"XIJRY"
1B1BND[\]RHT"MF"G^R"OUE"_IJRY" 1B1B1D[\]RH"N`"G^R"a^]TML\Y"Y\]RH" 1B1BZD[\]RH"1`"G^R"J\G\bYMFc"Y\]RH" 1B1BdD[\]RH"Z`"G^R"FRGeIHc"Y\]RH"" 1B1BfD[\]RH"d`"G^R"GH\FTaIHG"Y\]RH" 1B1BgD[\]RH"f`"G^R"TRTTMIF"Y\]RH" 1B1BhD[\]RH"g`"G^R"aHRTRFG\GMIF"Y\]RH" 1B1BiD[\]RH"h`"G^R"\aaYML\GMIF"Y\]RH"" 1BZD jklmEl"XIJRY" 1BZBND[\]RHT"MF"G^R"jklmEl"_IJRY" 1BZB1DjklmEl"\aaYML\GMIF"Y\]RH" 1BZBZDjklmEl"GH\FTaIHG"Y\]RH" 1BZBdDjklmEl"MFGRHFRG"Y\]RH" 1BZBfDjklmEl"FRGeIHc"\LLRTT"Y\]RH"
;,A4+37*+ 11" 11" 1Z"
1i"
1BdD kI_a\HMTIF"IW"OUE"\FJ"jklmEl"XIJRYT" 1BfD jklmEl"lHIGILIYT"
ZN" Z1"
1BgD UK__\H]" 1BhD VRWRHRFLRTmoKHG^RH"VR\JMFpT" 1BiD UIYKGMIFTmnFTeRHT"
Zi" Zi" Zq"
1BfBNDnaaYML\GMIF"Y\]RH"aHIGILIYT"" 1BfB1DjH\FTaIHG"Y\]RH"aHIGILIYT"" 1BfBZDEFGRHFRG"Y\]RH"aHIGILIYT"
6rst 435u7/3:5473+
EF"IHJRH"WIH"\"LI_aKGRH"GI"TRFJ"MFWIH_\GMIF"GI"\FIG^RH"LI_aKGRHv"\FJ"WIH"G^\G" LI_aKGRH"GI"HRLRMSR"\FJ"KFJRHTG\FJ"G^R"MFWIH_\GMIFv"G^RHR"^\T"GI"RwMTG"\"TRG"IW"HKYRT"IH" TG\FJ\HJT"WIH"G^MT"LI__KFML\GMIF"aHILRTTB""j^RTR"TG\FJ\HJT"RFTKHR"G^\G"S\H]MFp" JRSMLRT"\FJ"aHIJKLGT"L\F"LI__KFML\GR"eMG^"R\L^"IG^RH"ISRH"\F]"FRGeIHcB"j^MT"TRG"IW" TG\FJ\HJT"MT"L\YYRJ"\"FRGeIHc"HRWRHRFLR"_IJRYB"j^RHR"\HR"\"S\HMRG]"IW"FRGeIHcRJ" _IJRYT"LKHHRFGY]"PRMFp"M_aYR_RFGRJB"xIeRSRHv"MF"G^MT"KFMGv"G^R"WILKT"eMYY"PR"IF"G^R" OUE"\FJ"jklmEl"_IJRYTB""
6ryt 7z{>:54|>8+
nWGRH"pIMFp"G^HIKp^"G^MT"KFMGv"]IK"T^IKYJ"PR"\PYR"GI"cFIe`"" }D j^R"TRSRF"Y\]RHT"IW"OUE"HRWRHRFLR"_IJRY" }D ~FJRHTG\FJ"R\L^"Y\]RH"IW"OUE"_IJRY" }D oKFLGMIFT"IW"R\L^"Y\]RH"IW"OUE"_IJRY" }D ~FJRHTG\FJMFp"IW"jklmEl"_IJRY"\FJ"MGT"WIKH"[\]RHT"" }D RG\MY" RTLHMaGMIF"IW"aHIGILIY"KTRJ"MF"R\L^"Y\]RH"""" }D UM_MY\HMGMRT"IW"OUE"\FJ"jklmEl"
6r6t 784+u> >u3:>+=7/>?+
EF"NqiZv"G^R"EFGRHF\GMIF\Y"UG\FJ\HJT"OHp\FM \GMIF" EUO "JRSRYIaRJ"\"_IJRY"L\YYRJ" OaRF"U]TGR_T"EFGRHLIFFRLGMIF" OUE "e^ML^"MT"\"TG\FJ\HJ"HRWRHRFLR"_IJRY"WIH" 11"
45667894:;958#<=;>==8#;>5#=8?#7@=A@#98#:#8=;>5ABC#DE=#65?=F#9@#7@=?#98#?=G=F5H98I# 456'89*'+,-.6-'/0*123'' HA5?74;@#:8?#78?=A@;:8?98I#8=;>5AB@C#J;#9@#:#HA=@4A9H;958#5K#4E:A:4;=A9L98I#:8?# @;:8?:A?9L98I#;E=#K784;958@#5K#:#45667894:;958@#@M@;=6#98#;=A6@#5K#:<@;A:4;958#F:M=A@C# #N969F:A#45667894:;958#K784;958@#:A=#IA57H=?#98;5#F5I94:F#F:M=A@C#O#F:M=A#@=AG=@#;E=# F:M=A#:<5G=#9;#:8?#9@#@=AG=?#<M#;E=#F:M=A#<=F5>#9;C#
PQPQRST8U1V3'W9'XY1'456'/0*12'
ZNJ#?9G9?=@#D=F=45667894:;958@#98;5#N=G=8#[:M=A@#:@#@E5>8#<=F5>#98#;E=#\9I7A=#]# I9G=8#<=F5>C#^:4E#F:M=A#9@#A=@H58@9<F=#K5A#:#H:A;947F:A#:@H=4;#5K#?:;:#45667894:;958C# \5A#=_:6HF=`#58=#F:M=A#6:M#<=#A=@H58@9<F=#K5A#=@;:<F9@E98I#4588=4;958@#<=;>==8# ?=G94=@`#>E9F=#:85;E=A#F:M=A#6:M#<=#A=@H58@9<F=#K5A#=AA5A#4E=4B98I#?7A98I#;A:8@K=AC## # DE=#F:M=A@#5K#;E=#ZNJ#65?=F#:A=#?9G9?=?#98;5#;>5#IA57H@a#;E=#7HH=A#F:M=A@#:8?#F5>=A# F:M=A@C#DE=#7HH=A#F:M=A@#bc5@;#F:M=A@d#K547@#58#7@=A#:HHF94:;958@#:8?#E5>#K9F=@#:A=# A=HA=@=8;=?#58#;E=#456H7;=A@#HA95A#;5#;A:8@H5A;C#DE=#F5>=A#F:M=A@#be=?9:#[:M=A@d# 4584=8;A:;=#58#E5>#;E=#45667894:;958#:4A5@@#:#8=;>5AB#:4;7:FFM#5447A@C#^:4E#F:M=A# E:@#:#@=;#5K#K784;958@#;E:;#:A=#;5#<=#H=AK5A6=?#<M#:#@H=49K94#HA5;545Fb@dC#DE=#ZNJ# A=K=A=84=#65?=F#E:@#:#HA5;545F#@79;#K5A#:FF#5K#9;@#F:M=A@C# # J8#456H7;98I`#:#HA5;545F#9@#:#458G=8;958#5A#@;:8?:A?#;E:;#458;A5F@#5A#=8:<F=@#;E=# 4588=4;958`#45667894:;958`#:8?#?:;:#;A:8@K=A#<=;>==8#;>5#456H7;98I#=8?H598;@C#J8# 9;@#@96HF=@;#K5A6`#:#HA5;545F#4:8#<=#?=K98=?#:@#;E=#A7F=@#I5G=A898I#;E=#@M8;:_`# @=6:8;94@`#:8?#@M84EA589L:;958#5K#45667894:;958C#
fWghV1'Ri''+Y1'456'/0*12'
'
PQPQPST8U1V'Ri'+Y1'-YU3Wj82'T8U1V'
DE=#HEM@94:F#F:M=A`#;E=#F5>=@;#F:M=A#5K#;E=#ZNJ#65?=F`#9@#4584=A8=?#>9;E#;E=# ;A:8@69@@958#:8?#A=4=H;958#5K#;E=#78@;A74;7A=?#A:>#<9;#@;A=:6#5G=A#:#HEM@94:F#6=?976C# J;#?=@4A9<=@#;E=#=F=4;A94:Fk5H;94:F`#6=4E:894:F`#:8?#K784;958:F#98;=AK:4=@#;5#;E=#HEM@94:F# 6=?976`#:8?#4:AA9=@#;E=#@9I8:F@#K5A#:FF#5K#;E=#E9IE=A#F:M=A@C#J;#HA5G9?=@a## 12#
456789*+,-./,051235+,, ,
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`E:#a9Y#8DEM#b9B?>c:L#>@9KB:#L=#K>=:#?9#F=AF=>=E?#D# C;b=E#>;CEDB#>?D?=Q#K>;EC#D#C;b=E#A@M>;PDB#8=:;K8_#
dedefgh-[59,d7,TV5,/-6-i\2.*,\-[59,
j@=#:D?D#B;Ek#BDM=F#AF9b;:=>#=FF9Fl<F==#?FDE><=F#9<#:D?D#<FD8=>#<F98#9E=#E9:=#?9# DE9?@=F#9b=F#?@=#A@M>;PDB#BDM=FQ#DBB9Y;EC#BDM=F>#DL9b=#;?#?9#D>>K8=#b;F?KDBBM#=FF9Fl<F==# ?FDE>8;>>;9E#9b=F#?@=#B;EkS#j9#:9#?@;>Q#?@=#:D?D#B;Ek#BDM=F#AF9b;:=>]## 45 m9-U5,T9-nn23,o8.698\7#?=BB>#?@=#?FDE>8;??;EC#E9:=#?9#p>?9Aq#Y@=E#E9#<FD8=# LK<<=F>#DF=#DbD;BDLB=S## 45 m9-U5,r5WX5.32.67#?FDE>8;?>cF=P=;b=>#<FD8=>#>=sK=E?;DBBMS## 45 m9-U5,t3*.87\5/6U5.67#AF9b;:=>c=uA=P?>#<FD8=#DPkE9YB=:C8=E?>S#v=?=P?># DE:#F=P9b=F>#<F98#=FF9F>#?@D?#9PPKF#;E#?@=#A@M>;PDB#BDM=F#LM#F=?FDE>8;??;EC#E9El DPkE9YB=:C=:#<FD8=>#DE:#@DE:B;EC#:KAB;PD?=#<FD8=#F=P=;A?S## 45 m9-U5,05\2U262.67#PF=D?=>#DE:#F=P9CE;R=>#<FD8=#L9KE:DF;=>S## 45 h2.*,w+6-x\2+VU5.6,-./,T59U2.-628.7#=>?DLB;>@=>#DE:#?=F8;ED?=>#?@=#B9C;PDB# B;Ek#L=?Y==E#?Y9#E9:=>S## 45 m9-U5,w9989,oV53*2.67#P@=Pk>#F=P=;b=:#<FD8=>#<9F#;E?=CF;?MS## 45 y5/2-,-335++,U-.-65U5.67#:=?=F8;E=>#Y@=E#?@=#E9:=#p@D>#?@=#F;C@?p#?9#K>=# ?@=#A@M>;PDB#8=:;K8S## 0-6-,h2.*,rXx,\-[59+, j@=#vD?D#z;Ek#zDM=F#;>#:=>PF;L=:#;E#89F=#:=?D;B#Y;?@#{=:;D#`PP=>>#O9E?F9B#G{`OJ# DE:#z9C;PDB#z;Ek#O9E?F9B#GzzOJ#>KL#BDM=F>|#Y@=F=#zzO#;>#P9E>;:=F#D>#KAA=F#:D?D#B;Ek# BDM=F#DE:#{`O#D>#B9Y=F#:D?D#B;Ek#BDM=F#D>#>@9YE#L=B9Y#;E#?@=#};CKF=#1S# 45 z9C;PDB#z;Ek#O9E?F9B#GzzOJ]#j@=#zzO#;>#P9EP=FE=:#Y;?@#8DEDC;EC#?FD<<;P#G<B9Y# DE:#=FF9F#P9E?F9BJ#9b=F#?@=#A@M>;PDB#8=:;K8#DE:#8DM#DB>9#D>>;CE#>=sK=EP=# EK8L=F>#?9#<FD8=>#DE:#?FDPk#DPkE9YB=:C=8=E?>S#zzO#;>#:=<;E=:#;E#?@=#~ # I1S1#>A=P;<;PD?;9E#DE:#>KAA9F?>#L9?@#P9EE=P?;9EB=>>#DE:#P9EE=P?;9El9F;=E?=:# >=Fb;P=>#K>=:#LM#@;C@=FlBDM=F#AF9?9P9B>S## 45 {=:;D#`PP=>>#O9E?F9B#G{`OJ]#j@=#{`O#>KL#BDM=F#P9E?F9B>#@9Y#D#P98AK?=F#9E# ?@=#E=?Y9Fk#CD;E>#DPP=>>#?9#?@=#:D?D#DE:#A=F8;>>;9E#?9#?FDE>8;?#;?S#
12#
456'89*'+,-.6-'/0*123''
456781'9:'';8<8'=59>'57?@=8A183'
'
9B9BCD=8A18'E:'+F1'G1<H08>'=8A18''
IJK#LKMNOPQ#RSTKP#UPOVWXKY#MJK#Z[L\MWOLSR#SLX#UPO\KX[PSR#]KSLY#OZ#MPSLYZKPPWL^# VSPWS_RK#RKL^MJ#XSMS#YK`[KL\KY#ZPO]#S#YO[P\K#JOYM#OL#OLK#LKMNOPQ#MO#S#XKYMWLSMWOL#JOYM# OL#S#XWZZKPKLM#LKMNOPQa#IJK#LKMNOPQ#RSTKP#UKPZOP]Y#LKMNOPQ#PO[MWL^#Z[L\MWOLYb#SLX# ]W^JM#SRYO#UKPZOP]#ZPS^]KLMSMWOL#SLX#PKSYYK]_RTb#SLX#PKUOPM#XKRWVKPT#KPPOPYa#cO[MKPY# OUKPSMK#SM#MJWY#RSTKPb#YKLXWL^#XSMS#MJPO[^JO[M#MJK#KdMKLXKX#LKMNOPQ#SLX#]SQWL^#MJK# eLMKPLKM#UOYYW_RKa## # f[L\MWOLY#OZ#MJK#LKMNOPQ#RSTKP#WL\R[XKg# hi jOLLK\MWOL#YKM[U# hi kXXPKYYWL^# hi cO[MWL^# hi lK\[PWMT# hi m[SRWMT#OZ#lKPVW\K# hi fPS^]KLMSMWOL# IJK#nKMNOPQ#oSTKP#WXKLMWZWKY#\O]U[MKPY#OL#S#LKMNOPQa#INO#MTUKY#OZ#US\QKMY#SPK#[YKX# SM#MJK#nKMNOPQ#RSTKPp#qSMS#US\QKMY#SLX#cO[MK#[UXSMK#US\QKMYa#qSMS#US\QKMY#SPK#[YKX#MO# MPSLYUOPM#[YKP#XSMS#MJPO[^J#MJK#eLMKPLKM#NOPQa#rPOMO\ORY#[YKX#MO#Y[UUOPM#XSMS#MPSZZW\# SPK#\SRRKX#PO[MKX#UPOMO\ORYa#cO[MK#[UXSMK#US\QKMY#SPK#[YKX#MO#[UXSMK#LKW^J_OPWL^# PO[MKPY#S_O[M#MJK#LKMNOPQ#\OLLK\MKX#MO#SRR#PO[MKPY#NWMJWL#MJK#WLMKPLKM#NOPQa#rPOMO\ORY# MJSM#YKLX#PO[MK#[UXSMKY#SPK#\SRRKX#PO[MWL^#UPOMO\ORYa#IJWY#RSTKP#WY#\OL\KPLKX#NWMJ#MNO# Z[L\MWOLY#cO[MWL^#SLX#fPS^]KLMSMWOL#s#cKSYYK]_RTg# # t07<596:##eM#WY#MJK#UPO\KYY#OZ#YKRK\MWL^#MJK#_KYM#USMJY#WL#S#LKMNOPQ#SROL^#NJW\J#MO# YKLX#XSMS#OL#UJTYW\SR#MPSZZW\#SY#YJONL#WL#fW^[PK#ua#
456781'E:''t07<596'8<'G1<H08>'=8A18'
'
4886v19<8<509'.'t18331v?2A:#WZ#MJK#LKMNOPQ#RSTKP#XKMKP]WLKY#MJSM#S#LKdM#PO[MKPwY# ]SdW][]#MPSLY]WYYWOL#[LWM#xyIz{#YW|K#WY#RKYY#MJSL#MJK#\[PPKLM#ZPS]K#YW|Kb#S#PO[MKP# \SL#ZPS^]KLM#S#ZPS]K#ZOP#MPSLY]WYYWOL#SLX#PK}SYYK]_RT#SM#MJK#XKYMWLSMWOL#YMSMWOLa# 12#
456789*+,-./,051235+,, ,
4545678-959,:;,<=5,<9-.+>896,8-959,
?@A#BCDEFGHCB#IDJAC#GCHKLMAF#BCDEFGDCAEB#BCDEFNAC#HN#MDBD#OABPAAE#AEM#QFACFR#GCHKLMLES# CAILDOIA#MDBD#BCDEFNAC#FACKLTAF#BH#B@A#QGGAC#IDJACFU#?@A#BCDEFGHCB#IDJAC#THEBCHIF#B@A# CAILDOLILBJ#HN#D#SLKAE#ILEV#B@CHQS@#NIHP#THEBCHIR#FASWAEBDBLHEXMAYFASWAEBDBLHER#DEM# ACCHC#THEBCHIU#?@LF#IDJAC#WDEDSAF#B@A#AEMYBHYAEM#THEBCHI#ZNHC#A[DWGIAR#MABACWLELES# P@AB@AC#DII#GDTVABF#@DKA#DCCLKAM\U#]B#AEFQCAF#THWGIABA#MDBD#BCDEFNACU#?@A#^DFLT# ?CDEFGHCB#_DJAC#`ACKLTAF#DCAa# bc d5+8e935,f62g2h-628.,ijeg62>g5k2.lm;#nQIBLGIA#DGGILTDBLHEF#CQE#HE#B@A#FDWA# WDT@LEA#OQB#QFA#MLNNACAEB#GHCBFU# bc o8..53628.,p-.-l5j5.6,i5+6-qg2+=2.l,r,659j2.-62.lm;#?@A#FATHEM#WDsHC# BDFV#HN#?CDEFGHCB#_DJAC#LF#AFBDOILF@LES#THEEATBLHE#OABPAAE#FAEMAC#t#B@A# CATALKAC#OANHCA#MDBD#BCDEFWLFFLHE#FBDCBF#t#BACWLEDBLES#B@A#THEEATBLHE#HETA#B@A# MDBD#BCDEFWLFFLHE#LF#NLELF@AM# bc ug87,o8.698g,iveww592.l,x,y2./872.lm;##zETA#B@A#THEEATBLHE#@DF#HTTQCCAM# DEM#BCDEFNAC#LF#LE#GCHSCAFFR#THESAFBLHE#HN#B@A#MDBD#NIHP#TDE#HTTQC#DB#D# MAFBLEDBLHE#NHC#D#KDCLABJ#HN#CADFHEFU#{HFFLOIA#HGBLHEF#LETIQMAa### |c ?@A#MAFBLEDBLHE#TDE#OATHWA#HKACP@AIWAM#LN#WQIBLGIA#MAKLTAF#DCA#BCJLES#BH# FAEM#LB#MDBD#DB#B@A#FDWA#BLWAU# |c ?@A#MAFBLEDBLHE#TDE#OATHWA#HKACP@AIWAM#LN#B@A#FHQCTA#LF#FAEMLES#NDFBAC# B@DE#LB#TDE#G@JFLTDIIJ#CATALKAU# ?@A#?CDEFGHCB#_DJAC#LF#CAFGHEFLOIA#NHC#GCHKLMLES#NIHP#THEBCHI#BH#DIIAKLDBA#B@A#LFFQA#HN# THESAFBLHE#LE#B@A#MDBD#BCDEFNACU#?PH#WDLE#WAB@HMF#NHC#NIHP#THEBCHI#LETIQMAa## # veww592.l;#^QNNACLES#LF#D#NHCW#HN#MDBD#NIHP#THEBCHI#CASQIDBAM#OJ#B@A#?CDEFGHCB#_DJAC# DF#MAGLTBAM#LE#}LSQCA#~U#]B#LF#CAFGHEFLOIA#NHC#AEFQCLES#B@DB#FQNNLTLAEB#OQNNACF# Z?AWGHCDCJ#nAWHCJ\#DCA#DKDLIDOIA#DB#B@A#MAFBLEDBLHE#NHC#B@A#GCHTAFFLES#HN#MDBD#DEM# B@DB#B@A#MDBD#LF#BCDEFWLBBAM#DB#D#CDBA#B@DB#MHAF#EHB#A[TAAM#P@DB#B@A#OQNNAC#TDE#@DEMIAU##
u2le95,:;,,veww592.l,-6,y89*,
,
y2./872.l;# LEMHPLES#LF#D#NIHP#THEBCHI#FT@AWA#LE#P@LT@#B@A#FHQCTA#THWGQBAC# PLII#WHELBHC#DEM#WDVA#DMsQFBWAEBF#BH#B@A#DWHQEB#HN#LENHCWDBLHE#FAEB#ODFAM#HE# FQTTAFFNQIR#CAILDOIA#CATALGB#HN#MDBD#FASWAEBF#OJ#B@A#MAFBLEDBLHE#THWGQBAC#DF#F@HPE# LE#}LSQCA# U#?@A#FL A#HN#B@A#MDBD#BCDEFWLFFLHER#TDIIAM#B@A# PLEMHP#FL A R#LF# EASHBLDBAM#DB#B@A#BLWA#HN#THEEATBLHE#AFBDOILF@WAEBR#P@LT@#LF#MABACWLEAM#OJ#B@A# DWHQEB#HN#WAWHCJ#HC#OQNNAC#B@DB#LF#DKDLIDOIAU## 12#
456'89*'+,-.6-'/0*123''
'
456781'9:''420;',09<802'='>1258?525<@'<A8076A'B59*0;596'
>1258?21'+8893C08<'DC035<5E1'8FG90;21*6H19<I:#JKLMNOPKQ#RLSTK#OKPUVWTN#KTRVLXRT# QKLMNOPKQ#PY#WLQL#XS#NTMWVMZ#OPNVQVUT#L[\MP]RTWZT^TMQN#XL[\#QP#Q_T#NTMWTK#PM[T#Q_T# WLQL#_LN#KTL[_TW#Q_T#KT[TVUVMZ#NVWT`#VY#Q_T#WLQL#VN#RPNQ#PK#VN#[PKKaOQTW`#L#MTZLQVUT# L[\MP]RTWZT^TMQ#VN#NTMQb#
cdcdefg8@18'9:'+A1'5133509'g8@18'
J_T#NTNNVPM#hLSTK#TNQLXRVN_TN`#^LMLZTN`#LMW#QTK^VMLQTN#NTNNVPMN#iWVYYTKTMQ#YKP^# [PMMT[QVPMNj#XTQ]TTM#LOORV[LQVPMN#LN#Q_TS#VMQTKL[Q#PM#WVYYTKTMQ#_PNQN#PM#L#MTQ]PK\b#kQN# ^LVM#lPX#VN#QP#[PPKWVMLQT#Q_T#NTKUV[T#KTmaTNQN#LMW#KTNOPMNTN#XTQ]TTM#WVYYTKTMQ#_PNQN# YPK#LOORV[LQVPMNb# J_T#NTNNVPM#TNQLXRVN_TW#XTQ]TTM#_PNQN#[LM#XT#nV^ORTo`#_LRY#WaORTo#LMW#YaRR#WaORTop# qr 55HC21s:#nV^ORTo#QKLMN^VNNVPM#VN#RV\T#L#PMTt]LS#NQKTTQ#]_TKT#QKLYYV[#^PUTN#VM# PMRS#PMT#WVKT[QVPMb#nV^ORTo#^PWT#VN#L#PMTt]LStPMRS#QKLMN^VNNVPM`#]_V[_#^TLMN# Q_LQ#WLQL#[LM#YRP]#PMRS#VM#PMT#WVKT[QVPM#YKP^#Q_T#NTMWVMZ#WTUV[T#QP#Q_T#KT[TVUVMZ# WTUV[Tb# qr u82v'w7C21s:#xLRY#yaORTo#VN#RV\T#Q_T#[TMQTK#RLMT#PM#NP^T#Q_KTTtRLMT#KPLWNb#kQ#VN# L#NVMZRT#RLMT#VM#]_V[_#QKLYYV[#[LM#^PUT#VM#PMT#WVKT[QVPM#PK#Q_T#PQ_TK`#XaQ#MPQ#VM# XPQ_#WVKT[QVPMN#LQ#Q_T#NL^T#QV^Tb#xLRYtWaORTo#^PWT#RV^VQN#WLQL#QKLMN^VNNVPM# XT[LaNT#TL[_#WTUV[T#^aNQ#QL\T#QaKMN#aNVMZ#Q_T#RVMTb#J_TKTYPKT`#WLQL#[LM#YRP]# YKP^#z#QP#{#LMW#YKP^#{#QP#z`#XaQ#MPQ#LQ#Q_T#NL^T#QV^Tb## qr 4722'w7C21s:'VN#RV\T#L#^LlPK#_VZ_]LS#]VQ_#Q]P#RLMTN#PY#QKLYYV[`#TL[_#RLMT# L[[P^^PWLQVMZ#QKLYYV[#ZPVMZ#VM#POOPNVQT#WVKT[QVPMNb#|aRRtWaORTo#^PWT# L[[P^^PWLQTN#Q]Pt]LS#NV^aRQLMTPaN#QKLMN^VNNVPM`#]_V[_#^TLMN#Q_LQ#XPQ_# NVWTN#[LM#NTMW#LMW#KT[TVUT#LQ#Q_T#NL^T#QV^Tb#kM#YaRRtWaORTo#^PWT`#WLQL#[LM#YRP]# YKP^#z#QP#{#LMW#{#QP#z#LQ#Q_T#NL^T#QV^Tb## }0<1:#|aRRtWaORTo#QKLMN^VNNVPM#VN`#VM#YL[Q`#Q]P#NV^ORTo#[PMMT[QVPMNp#~MT#[PMMT[QVPM# _LN#QKLYYV[#YRP]VMZ#VM#PMRS#PMT#WVKT[QVPM #Q_T#PQ_TK#[PMMT[QVPM#_LN#QKLYYV[#YRP]VMZ#VM# Q_T#POOPNVQT#WVKT[QVPM#PY#Q_T#YVKNQ#[PMMT[QVPMb#
cdcd fg8@18'e:'+A1'-81319<8<509'g8@18'
J_T#OKTNTMQLQVPM#RLSTK#QKLMNYPK^N#WLQL#VMQP#Q_T#YPK^#Q_LQ#Q_T#LOORV[LQVPM#L[[TOQNb#J_VN# RLSTK#YPK^LQN#LMW#TM[KSOQN#WLQL#QP#XT#NTMQ#L[KPNN#L#MTQ]PK\b#J_VN#RLSTK`#aNaLRRS#OLKQ#PY# LM#POTKLQVMZ#NSNQT^`#Q_LQ#[PMUTKQN#VM[P^VMZ#LMW#PaQZPVMZ#WLQL#YKP^#PMT#OKTNTMQLQVPM# YPK^LQ#QP#LMPQ_TK#iYPK#ToL^ORT`#YKP^#L#QToQ#NQKTL^#VMQP#L#OPOaO#]VMWP]#]VQ_#Q_T# MT]RS#LKKVUTW#QToQjb#J_VN#RLSTK#VN#NP^TQV^TN#[LRRTW#Q_T#NSMQLo#RLSTKb#J_T# KTNTMQLQVPM# hLSTK#VN#KTNOPMNVXRT#YPK#Q_T#YPRRP]VMZ#NTKUV[TNp## qr w8<8'81C81319<8<509:#J_T#OKTNTMQLQVPM#RLSTK#PY#Q_T#~nk#^PWTR#LQ#Q_T#KT[TVUVMZ# [P^OaQTK#VN#LRNP#KTNOPMNVXRT#YPK#Q_T#[PMUTKNVPM#PY# Q_T#ToQTKMLR#YPK^LQ #]VQ_# 12#
456789*+,-./,051235+,, ,
45675#89:9#6;#<=7=6>=8#?<@A#:5=#;=B86BC#7@ADE:=<#:@#@B=#977=D:=8#FG#:5=#@:5=<# H9G=<;#6B#:5=#5@;:#7@ADE:=<I#J9:9#?@<A9:;#6B7HE8=#D@;:;7<6D:K#LMNOOK#@<# POQLRS#;E75#9;#TPNJON#U?EHHG#TV:=B8=8#P6B9<G#N@8=8#J=76A9H#OB:=<759BC=# N@8=WI# XY 0-6-,+53Z926[\#M@A=#:GD=;#@?#=B7<GD:6@B#U9B8#8=7<GD:6@BW#9<=#D=<?@<A=8#9:#:5=# D<=;=B:9:6@B#H9G=<I#]56;#=B;E<=;#:5=#;=7E<6:G#@?#:5=#89:9#9;#6:#:<9>=H;#8@4B#:5=# D<@:@7@H#;:97^I#, XY 0-6-,38_`95++28.\#N@AD<=;;6@B#U9B8#8=7@AD<=;;6@BW#A9G#F=#8@B=#9:#:5=# D<=;=B:9:6@B#H9G=<#:@#6AD<@>=#:5=#:5<@EC5DE:#@?#89:9I##
ababcde-[59,f\,gh5,i``j23-628.,e-[59,,
]5=#9DDH679:6@B#H9G=<#6;#7H@;=;:#:@#:5=#=B8#E;=<K#45675#A=9B;#:59:#F@:5#:5=#kMO# 9DDH679:6@B#H9G=<#9B8#:5=#E;=<#6B:=<97:#86<=7:HG#46:5#:5=#;@?:49<=#9DDH679:6@BI#]56;# H9G=<#6B:=<97:;#46:5#;@?:49<=#9DDH679:6@B;#:59:#6ADH=A=B:#9#7@AAEB679:6BC# 7@AD@B=B:I# # ]5=#LDDH679:6@B#l9G=<#6;#:5=#56C5=;:#H9G=<#6B#:5=#D<@:@7@H#;:97^#9B8#:5=#H9G=<# <=;D@B;6FH=#?@<#6B:<@8E76BC#89:9#6B:@#:5=#kMO#;:97^I#]5=#?EB7:6@B;#@?#LDDH679:6@B# l9G=<#9<=m## XY R=;@E<7=#;59<6BC#9B8#8=>67=#<=86<=7:6@B# XY R=A@:=#?6H=#977=;;# XY R=A@:=#D<6B:=<#977=;;# XY Q=:4@<^#A9B9C=A=B:# XY J6<=7:@<G#;=<>67=;# XY TH=7:<@B67#A=;;9C6BC#U;E75#9;#A96HW#=:7#
abnd gopqrp,st0ue,
]5=#]NvwOv#x@8=H#6;#9#;D=76?679:6@B#?@<#7@ADE:=<#B=:4@<^#D<@:@7@H;#7<=9:=8#6B#:5=# yz{|;#FG#JLRvLK#9B#9C=B7G#@?#:5=#}B6:=8#M:9:=;#J=D9<:A=B:#@?#J=?=B;=I#O:#H968#:5=# ?@EB89:6@B#?@<#LRvLQT]K#45675#49;#:5=#4@<H8~;#?6<;:#468=#9<=9#B=:4@<^#9B8#9# D<=8=7=;;@<#@?#:5=#OB:=<B=:I##
abnb de-[59+,2.,6h5,gopqrp,s8/5j,
]NvwOv#6;#C=B=<9HHG#8=;7<6F=8#9;#59>6BC#?@E<#~H9G=<; #@<#?6>=#6?#4=#6B7HE8=#:5=#F@::@A# D5G;679H#H9G=<I#]5=#H9G=<;#B=9<#:5=#:@D#9<=#H@C679HHG#7H@;=<#:@#:5=#E;=<#9DDH679:6@BK# 456H=#:5@;=#B=9<#:5=#F@::@A#9<=#H@C679HHG#7H@;=<#:@#:5=#D5G;679H#:<9B;A6;;6@B#@?#:5=# 89:9I#
abnbadgopqrp,i``j23-628.,e-[59,
]NvwOv#9DDH679:6@B#H9G=<#D<@:@7@H;#D<@>68=#;=<>67=;#:@#:5=#9DDH679:6@B#;@?:49<=# <EBB6BC#@B#9#7@ADE:=<I#]5=#9DDH679:6@B#l9G=<#68=B:6?6=;#:5=#9DDH679:6@B#<EBB6BC#@B# :5=#7@ADE:=<#:5<@EC5#v@<:#QEAF=<;I# # ]5=#>9<6@E;#D<@:@7@H;#:59:#9<=#E;=8#9:#:5=#LDDH679:6@B#l9G=<#9<=m# XY g5j.56m#]=<A6B9H#TAEH9:6@BK#]=HB=:#6;#9#D<@C<9A#:59:#<EB;#@B#G@E<#7@ADE:=<# 9B8#7@BB=7:;#G@E<#vN#:@#9#;=<>=<#@B#:5=#B=:4@<^I#S@E#79B#:5=B#=B:=<#7@AA9B8;# :5<@EC5#:5=#]=HB=:#D<@C<9A#9B8#:5=G#46HH#F=#=V=7E:=8#9;#6?#G@E#4=<=#=B:=<6BC# :5=A#86<=7:HG#@B#:5=#;=<>=<#7@B;@H=I##v@<:#QEAF=<#m1 # 12#
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`I;@D;J#[;T#H>L;O#BC=D#SIPT;=#7aU# 45 b657#S;DRC=\#89:;#cQ@D;PF#>#E:9;?Dd@;=M;=#>HH:9E>D9C?#DG>D#>::CR@#>::#?;DRC=\# I@;=@#DC#>EE;@@#@G>=;J#A9:;@#@DC=;J#C?#ECPHID;=@#CA#J9AA;=;?D#DQH;@O#]@;=@#E>?# P>?9HI:>D;#@G>=;J#A9:;@#>@#9A#DG;Q#R;=;#@DC=;J#:CE>::Q#C?#DG;#I@;=e@#CR?#G>=J# J9@\O#BC=D#SIPT;=#71Uf2# 45 5/+-7#c9PH:;#g>9:#<=>?@A;=#B=CDCEC:F#>#H=CDCEC:#AC=#@;?J9?L#;hP>9:#P;@@>L;@# T;DR;;?#@;=M;=@O#N?#>JJ9D9C?F#cg<B#9@#L;?;=>::Q#I@;J#DC#@;?J#P;@@>L;@#A=CP#># P>9:#E:9;?D#DC#>#P>9:#@;=M;=O#BC=D#SIPT;=#71i# 45 -4-j7#BC@D#kAA9E;#B=CDCEC:F#>#H=CDCEC:#I@;J#DC#=;D=9;M;#;hP>9:#A=CP#>#P>9:# @;=M;=O#gC@D#;hP>9:#>HH:9E>D9C?@#V@CP;D9P;@#E>::;J#>?#;hP>9:#E:9;?DW#I@;#DG;# BkBF#>:DGCILG#@CP;#E>?#I@;#DG;#?;R;=#NglB#VN?D;=?;D#g;@@>L;#lEE;@@# B=CDCEC:W>@#>#=;H:>E;P;?D#AC=#BkBm#BC=D#SIPT;=#7XXU# 45 +6+-7#<=9M9>:#89:;#<=>?@A;=#B=CDCEC:F#>#@9PH:;#AC=P#CA#DG;#89:;#<=>?@A;=# B=CDCEC:#V8<BWO#<8<B#H=CM9J;@#?C#@;EI=9DQ#A;>DI=;@O#ND#9@#CAD;?#I@;J#TQ#@;=M;=@# DC#TCCD#J9@\:;@@#RC=\@D>D9C?@F#nhD;=P9?>:@F#>?J#=CID;=@O#BC=D#SIPT;=#7o2# 45 pb57#qCP>9?#S>P;#cQ@D;P#VC=#c;=M9E;#C=#c;=M;=WF#>?#N?D;=?;D#@;=M9E;#DG>D# D=>?@:>D;@#JCP>9?#?>P;@#9?DC#NB#>JJ=;@@;@O#r;E>I@;#JCP>9?#?>P;@#>=;# >:HG>T;D9EF#DG;Qe=;#;>@9;=#DC#=;P;PT;=O#<G;#N?D;=?;D#GCR;M;=F#9@#=;>::Q#T>@;J#C?# NB#>JJ=;@@;@O#sM;=Q#D9P;#QCI#I@;#>#JCP>9?#?>P;F#>#qSc#@;=M9E;#PI@D#D=>?@:>D;# DG;#?>P;#9?DC#DG;#EC==;@HC?J9?L#NB#>JJ=;@@O#8C=#;K>PH:;F#DG;#JCP>9?#?>P;# RRRO;K>PH:;OECP#P9LGD#D=>?@:>D;#DC#X2aOXUiO1m1OfO###BC=D#SIPT;=#7im# 45 pY,-7#qQ?>P9E#ZC@D#tC?A9LI=>D9C?#B=CDCEC:F#>#H=CDCEC:#AC=#>@@9L?9?L# JQ?>P9E#NB#>JJ=;@@;@#DC#J;M9E;@#C?#>#?;DRC=\O#[9DG#JQ?>P9E#>JJ=;@@9?LF#># J;M9E;#E>?#G>M;#>#J9AA;=;?D#NB#>JJ=;@@#;M;=Q#D9P;#9D#EC??;ED@#DC#DG;#?;DRC=\O# qQ?>P9E#>JJ=;@@9?L#@9PH:9A9;@#?;DRC=\#>JP9?9@D=>D9C?#T;E>I@;#DG;#@CADR>=;# \;;H@#D=>E\#CA#NB#>JJ=;@@;@#=>DG;=#DG>?#=;`I9=9?L#>?#>JP9?9@D=>DC=#DC#P>?>L;#DG;# D>@\O#BC=D#SIPT;=#7#ouVc;=M;=WFoaVt:9;?DW# 45 v44+-7#rCCD@D=>H#B=CDCEC:#Vrkk<BW#9@#ID9:9w;J#TQ#J9@\:;@@#RC=\@D>D9C?@#DC# L>DG;=#EC?A9LI=>D9C?#9?AC=P>D9C?#A=CP#>#?;DRC=\#@;=M;=O#<G9@#;?>T:;@#DG;# RC=\@D>D9C?#DC#TCCD#R9DGCID#=;`I9=9?L#>#G>=J#C=#A:CHHQ#J9@\#J=9M;O#BC=D#SIPT;=#7# ouVc;=M;=WFoaVt:9;?DW# 45 5b/-7#c9PH:;#S;DRC=\#g>?>L;P;?D#B=CDCEC:F#>#@;D#CA#H=CDCEC:@#AC=#P>?>L9?L# ECPH:;K#?;DRC=\@O#cSgB#RC=\@#TQ#@;?J9?L#P;@@>L;@F#E>::;J#H=CDCEC:#J>D># I?9D@#VBq]@WF#DC#J9AA;=;?D#H>=D@#CA#>#?;DRC=\O#BC=D#SIPT;=#7XoX#
xyjyjz+,-.6-'+{893|0{}'~8 1{'
<G;#H=CDCEC:#:>Q;=# I@D#T;:CR#DG;#lHH:9E>D9C?#:>Q;=#9@#DG;# O#ND#9@#=;@HC?@9T:;#AC=#;?JhDCh;?J#J>D>#9?D;L=9DQO#<=>?@HC=D#_>Q;=# 9J;?D9A9;@#DG;#@;LP;?D@#DG=CILG# VtCPT9?>D9C?#CA#BC=D#SIPT;=# #NOBO# >JJ=;@@WO# <G;#DRC#PC@D#9PHC=D>?D#H=CDCEC:@#;PH:CQ;J#>D#DG9@#:>Q;=#>=;#DG;# 12#
456789*+,-./,051235+,, ,
45 6789:;<::<=9>?=9@7=A>B7=@=C=A>DEFGHI#EFG#JKLMNOPQ#7RA<8SART>UVAAWXVYARZ# C=99RC@<=9:>[\O#7RA<8SAR>:R7]<CR#^_#P\Q`KN\a#bc[b#O[b[#NQ#KPbK[\QdNbbPO#ecP\# bK[\QdNQQNL\#KPQ`fbQ#N\#[\#PKKLK#gP\OhbLhP\O#PKKLK#OPbPibNL\#[\O#iLKKPibNL\jk# lfQLm#EFG#P\[^fPQ#cLQbQ#bL#d[N\b[N\#d`fbNJfPm#QNd`fb[\PL`Q#iL\\PibNL\Qk# 45 n:R7>o8@8p78;>B7=@=C=A>DnoBHI#qcP\#PKKLK#iLKKPibNL\#NQ#\Lb#KPr`NKPOm#stG# JKLMNOPQ#V97RA<8SAR>X8@8p78;>:R7]<CR#giL\\PibNL\fPQQj#bc[b#P\c[\iPQ#\PbeLKu# bcKL`acJ`b#[b#bcP#cLQbhbLhcLQb#bK[\QJLKb#f[_PKk#vbwQ#`QPO#JKNd[KNf_#xLK# S7=8XC8:@<9p>dPQQ[aPQ#LMPK#[#\PbeLKuk#
yz{z|}~ , .659.56, - 59,
EcP#^PQb#u\Le\#EFG vG#JKLbLiLf#[b#bcP#N\bPK\PbeLKu#f[_PK#NQ#bcP# 9@R79R@>B7=@=C=A> DvGHT>ecNic#JKLMNOPQ#bcP#^[QNi#J[iuPb#OPfNMPK_#QPKMNiP#xLK#[ff#EFG vG#\PbeLKuQ#\LOP# [OOKPQQPQm#bcP#vG#NdJfPdP\bQ#[#Q_QbPd#Lx#fLaNi[f#cLQb#[OOKPQQPQ#i[ffPO#vG#[OOKPQQPQk# # EcP#vG#[OOKPQQPQ#[KP#`QPO#^_#bcP#N\bPK\PbeLKu#[\O#cNacPK#f[_PKQ#bL#NOP\bNx_#OPMNiPQ# [\O#bL#JPKxLKd#N\bPK\PbeLKu#KL`bN\ak#vG#NQ#`QPO#^_#[ff#JKLbLiLfQ#N\#bcP#f[_PKQ#[^LMP# [\O#^PfLe#Nb#bL#OPfNMPK#O[b[m#ecNic#dP[\Q#[ff#EFG vG#O[b[#xfLeQ#bcKL`ac#vG#ecP\#Nb#NQ# QP\b#[\O#KPiPNMPOm#KPa[KOfPQQ#Lx#NbQ#xN\[f#OPQbN\[bNL\k# # EcP#^[QNi#JKLbLiLfQ#`QPO#[b#bcP#v\bPK\Pb# [_PK#[KP # 45 vkGk#gv\bPK\Pb#GKLbLiLfj #vb#NQ#[#JKLbLiLf#`QPO#[b#bcP#N\bPK\Pb#f[_PK#Lx#EFG vG# dLOPf#^_#ecNic#O[b[#NQ#P\i[JQ`f[bPO#[\O#NQ#QP\b#xKLd#L\P#iLdJ`bPK#bL#[\LbcPK# L\#bcP#v\bPK\Pbk# 45 l G#glOOKPQQ# PQLf`bNL\#GKLbLiLfj #vb#NQ#`QPO#bL#d[J#bcP#u\Le\#vkGk#[OOKPQQPQ# N\bL#Gc_QNi[f#[OOKPQQk# 45 l Gg PMPKQP#lOOKPQQ# PQLf`bNL\#GKLbLiLfj #vb#NQ#`QPO#bL#d[J#Gc_QNi[f# [OOKPQQ#N\bL#vkGk#[OOKPQQ# 45 vkFk kGkg#v\bPK\Pb#FL\bKLf# PQQ[aP#GKLbLiLfj #vb#NQ#`QPO#bL#QP\O#PKKLK# #iL\bKLf# PQQ[aPQ#N\#bcP#\PbeLKu# 45 vk k kGk#gv\bPK\Pb# KL`J# [\[aPdP\b#GKLbLiLfj #vb#NQ#[#JKLbLiLf#ecNic#NQ#`QPO# bL#xLKd#d`fbNi[Qb#aKL`JQ#N\#[#\PbeLKu#bL#KPiPNMP#d`fbNi[Qb#dPQQ[aPQk#
yz{z }~ ,456789*, 335++, - 59,
EcP#9R@ =7 >8CCR::>A8 R7#NQ#bcP#fLePQb#f[_PK#N\#bcP#EFG vG#dLOPfk#EcNQ#f[_PK#iL\b[N\Q# bcP#JKLbLiLfQ#bc[b#bcP#iLdJ`bPK#`QPQ#bL#OPfNMPK#O[b[#bL#bcP#LbcPK#iLdJ`bPKQ#[\O#OPMNiPQ# bc[b#[KP#[bb[icPO#bL#bcP#\PbeLKuk#EcP#JKLbLiLfQ#[b#bcNQ#f[_PK#JPKxLKd#bcKPP#ONQbN\ib# x`\ibNL\Q # 45 EcP_#OPxN\P#cLe#bL#`QP#bcP#\PbeLKu#bL#bK[\QdNb#[# m#ecNic#NQ#bcP#O[b[#`\Nb# J[QQPO#[iKLQQ#bcP#Jc_QNi[f#iL\\PibNL\k# 45 EcP_#P ic[\aP#O[b[#^PbePP\#bcP#iLdJ`bPK#[\O#bcP#Jc_QNi[f#\PbeLKuk# 45 EcP_#OPfNMPK#O[b[#^PbePP\#beL#OPMNiPQ#L\#bcP#Q[dP#\PbeLKu#`QN\a#bcP#Jc_QNi[f# [OOKPQQk# EcP#\PbeLKu#[iiPQQ#f[_PK#N\if`OPQ#[#f[KaP#\`d^PK#Lx#JKLbLiLfQk# LK#N\Qb[\iPm#bcP# \PbeLKu#[iiPQQ#f[_PK#N\if`OPQ#[ff#bcP#M[KN[bNL\Q#Lx# bcPK\Pb#JKLbLiLfQ#[\O#LbcPK# l # Qb[\O[KOQk#EcNQ#f[_PK#[fQL#N\if`OPQ#bcP#JLJ`f[K#ql #Qb[\O[KOQm#Q`ic#[Q#bcP#GLN\bhbLh GLN\b#GKLbLiLf#gGGGj#[\O# K[dP# Pf[_k# 12#
4567 ,4/-89654:'4;'456'8:<'+,-.6-'/4<=>5'
456'89*'+,-.6-'/0*123''
?@#AB#CDE#FG#@GGE#HIJK#BLG#MIGNAJO@#MDPG@Q#BLGIG#DIG#D#EOKFGI#JH#CJKMDIA@JE@Q#RLACL# CDE#FG#SIDRE#FGBRGGE#BLG#BRJ#KJSGT@#D@#@LJRE#FGTJR#AE#BLG#UAPOIG#VW##XLA@#@GCBAJE# RATT#BLGIGHJIG#FG#HJCO@AEP#JE#LAPLTAPLBAEP#BLG#@AKATDIABAG@#DES#SAHHGIGECG@#FGBRGGE#BLG# YZ[#DES#X\]^[]#KJSGT@W#
;_`ab1'cd''456'e3'+,-.6-'
#
5_f_28b_g_13' XLG#KDAE#@AKATDIABAG@#FGBRGGE#BLG#YZ[#DES#X\]^[]#KJSGT@#AECTOSG#BLG#HJTTJRAEPh# ij XLGk#@LDIG#@AKATDI#DICLABGCBOIGW#l####mJBL#JH#BLG#KJSGT@#@LDIG#D#@AKATDI# DICLABGCBOIGW##XLA@#CDE#FG#ATTO@BIDBGS#Fk#BLG#HDCB#BLDB#FJBL#JH#BLGK#DIG# CJE@BIOCBGS#RABL#TDkGI@W# ij XLGk#@LDIG#D#CJKKJE#DMMTACDBAJE#TDkGIWl#mJBL#JH#BLG#KJSGT@#@LDIG#D#CJKKJE# nDMMTACDBAJE#TDkGInW##oJRGNGI#AE#MIDCBACG#BLA@#TDkGI#AECTOSG@#SAHHGIGEB#@GINACG@# SGMGESAEP#OMJE#GDCL#KJSGTW# ij mJBL#KJSGT@#LDNG#CJKMDIDFTG#BIDE@MJIB#DES#EGBRJIp#TDkGI@Wl#XLA@#CDE#FG# ATTO@BIDBGS#Fk#BLG#HDCB#BLDB#RLDBGNGI#HOECBAJE@#DIG#MGIHJIKGS#FGBRGGE#BLG# MIG@GEBDBAJE#DES#EGBRJIp#TDkGI#JH#BLG#YZ[#KJSGT#@AKATDI#HOECBAJE@#DIG# MGIHJIKGS#DB#BLG#XIDE@MJIB#TDkGI#JH#BLG#X\]^[]#KJSGTW# ij mJBL#KJSGT@#D@@OKG#BLDB#MDCpGB@#DIG#@RABCLGSWl#mD@ACDTTk#BLA@#KGDE@#BLDB# AESANASODT#MDCpGB@#KDk#BDpG#SAHHGIAEP#MDBL@#AE#JISGI#BJ#IGDCL#BLG#@DKG# SG@BAEDBAJEW# ' <_qq1b19r13' XLG#KDAE#SAHHGIGECG@#FGBRGGE#BLG#BRJ#KJSGT@#DIG#D@#HJTTJR@h# 12#
456789*+,-./,051235+,, ,
45 6789:8#8;<=<><?@#A;B#><C@DEB;BE#=<#FB#@=ACEA;E@#A;<GCE#HID>I#=IB#DC=B;CB=#IA@# EBJB?<KBEL##6IB#MN:#O<EB?#I<HBJB;#D@#A#PQBCB;D>R#K;<=<><?S#DCEBKBCEBC=# @=ACEA;ELP# 45 6789:8#><OFDCB@#=IB#K;B@BC=A=D<C#ACE#7IAK=B;#?ATB;#D@@GB@#DC=<#D=@#AKK?D>A=D<C# ?ATB;L# 45 6789:8#><OFDCB@#=IB#MN:#EA=A#?DCU#ACE#KIT@D>A?#?ATB;@#DC=<#=IB#CB=H<;U#A>>B@@# ?ATB;L# 45 6789:8#AKKBA;@#=<#FB#A#@DOK?B;#O<EB?#ACE#=ID@#D@#OADC?T#EGB#=<#=IB#VA>=#=IA=#D=# IA@#VBHB;#?ATB;@L# 45 6789:8#D@#><C@DEB;BE#=<#FB#A#O<;B#>;BEDF?B#O<EB?S#6ID@#D@#OADC?T#EGB#=<#=IB#VA>=# FB>AG@B#6789:8#K;<=<><?@#A;B#=IB#@=ACEA;E@#A;<GCE#HID>I#=IB#DC=B;CB=#HA@# EBJB?<KBE#=IB;BV<;B#D=#OADC?T#QADC@#>;BED=AFD?D=T#EGB#=<#=ID@#;BA@<CL##WIB;B#A@#DC# ><C=;A@=#CB=H<;U@#A;B#C<=#G@GA??T#FGD?=#A;<GCE#=IB#MN:#O<EB?#A@#D=#D@#OB;B?T# G@BE#A@#A#QGDEAC>B#=<<?L#
X,,,,,YZ53*,[8\9,]98^95++,_,
`L5 a<H#=;AC@K<;=#?ATB;#<V#MN:#O<EB?#K;<JDEB#V?<H#><C=;<?#=<#DOK;<JB#=IB#D@@GB#<V# ><CQB@=D<C#DC#=IB#EA=A#=;AC@VB;b# cccccccccccccccccccccccccccccccc# cccccccccccccccccccccccccccccccc# cccccccccccccccccccccccccccccccc# cccccccccccccccccccccccccccccccc# 2L5 W;D=B#=IB#OADC#@DOD?A;D=DB@#FB=HBBC#=IB#6789:8#ACE#MN:#;BVB;BC>B#O<EB?@L# cccccccccccccccccccccccccccccccc# cccccccccccccccccccccccccccccccc# cccccccccccccccccccccccccccccccc#
defg hY]ij],]klhlYlmn,
6;AC@OD@@D<C#7<C=;<?#8;<=<><?#o678p9:C=B;CB=#8;<=<><?#o:8p#D@#A#@B=#<V#K;<=<><?@# EBJB?<KBE#=<#A??<H#><OKG=B;@#<V#A??#@DqB@#V;<O#EDVVB;BC=#JBCE<;@R#;GCCDCQ#EDVVB;BC=# <KB;A=DCQ#@T@=BO@R#=<#><OOGCD>A=B#<;#=<#@IA;B#;B@<G;>B@#A>;<@@#A#CB=H<;UL#r#KA>UB=# @HD=>IDCQ#CB=H<;U#;B@BA;>I#K;<sB>=#HA@#@=A;=BE#FT#=IB#tNr#u<JB;COBC=#DC#=IB#?A=B# `vwx@#DC#`vvx@R#FB>AOB#=IB#O<@=#HDEB?T#G@BE#V<;O#<V#><OKG=B;#CB=H<;UDCQL#6ID@# K;<sB>=#>BC=B;BE#<C#ry8rz{6L#ry8rz{6#D@#FB@=SUC<HC#6789:8#CB=H<;UL#6789:8#D@# =IB#K;DC>DKA?#tz:|#CB=H<;UDCQ#K;<=<><?#ACE#HA@#EB@DQCBE#=<#K;<JDEB#A#;B?DAF?B#BCES =<SBCE#FT=B#@=;BAO#<JB;#AC#GC;B?DAF?B#DC=B;CB=H<;UL#678#D@#A#><CCB>=D<CS<;DBC=BE# K;<=<><?#HID?B#:8#D@#A#><CCB>=D<C?B@@#K;<=<><?L#678#@GKK?DB@#?<QD>#=<#QDJB#A#;B?DAF?B# ><CCB>=D<CS<;DBC=BE#K;<=<><?#AF<JB#:8L#:=#K;<JDEB@#A#JD;=GA?S>D;>GD=#=IA=#=H<#K;<>B@@B@# >AC#G@B#=<#><OOGCD>A=BL#:8#K;<JDEB@#A#><CCB>=D<C?B@@#ACE#GC;B?DAF?B#EB?DJB;T#@T@=BO# ACE#=;AC@VB;#BA>I#EA=AQ;AO#DCEBKBCEBC=?T#DC#=IB#CB=H<;UL#t}8#D@#A#><CCB>=D<C?B@@# ACE#GC;B?DAF?B#K;<=<><?#;GCCDCQ#<JB;#:8L#:=#AEE@#A#>IB>U@GO#=<#:8#V<;#=IB#><C=BC=@#<V# =IB#EA=AQ;AO#ACE#KA@@#OBOFB;@L#:C#=ID@#@B>=D<CR#HB#A;B#Q<DCQ#=<#ED@>G@@#A??#=IB# K;<=<><?@#<V#6789:8#DC#F;DBVL#
12#
3454678991:;7<:/8&=7>0?&,?/</;/12&&
@AB"CDDEFGHIFJK"EHLBM"DMJNFOBP"HDDEFGHIFJKP"IAB"HQFEFIL"IJ"HGGBPP"IAB"PBMNFGBP"JR"IAB" JIABM"EHLBMP"HKO"OBRFKBP"IAB"DMJIJGJEP"IAHI"HDDEFGHIFJKP"SPB"IJ"BTGAHKUB"OHIHV"@ABMB" HMB"WHKL"CDDEFGHIFJK"EHLBM"DMJIJGJEP"HKO"KBX"DMJIJGJEP"HMB"HEXHLP"QBFKU"OBNBEJDBOV" @AB"WHYJM"RSKGIFJKP"JR"CDDEFGHIFJK"ZHLBM"HMB[" \] @MHKPRBM"JR"RFEB"IAHI"WH^B"SD"JR"_BQ"DHUBP" \] `KIBMHGIFNB"RFEB"IMHKPRBMab@cd" \] @MHKPRBM"JR"WHFE"WBPPHUBP"HKO"HIIHGAWBKIP" \] ZJUUFKU"JK"MBWJIBEL"IJ"KBIXJM^P"AJPIP" \] eBPJENFKU"AJPI"KHWB"JR"HK"`c"HOOMBPP" \] fTGAHKUFKU"MJSIFKU"FKRJMWHIFJK"JK"HK"`c"FKIBMKBIXJM^V" \] gJEEBGIFKU"HKO"BTGAHKUFKU"KBIXJM^"WHKHUBWBKI"FKRJMWHIFJKV" @AB"hJPI"GJWWJK"CDDEFGHIFJK"ZHLBM"cMJIJGJEP"HMB[" \] @BEKBI"aiBIXJM^"@BMWFKHE"cMJIJGJE""d" \] b@c"abFEB"@MHKPRBM"cMJIJGJEd" \] jh@cajFWDEB"hHFE"@MHKPRBM"cMJIJGJEd" \] kijakJWHFK"iHWB"jBMNBMd" \] e`caeJSIFKU"`KRJMWHIFJK"cMJIJGJEd" \] jihcajFWDEB"iBIXJM^"hHKHUBWBKI"cMJIJGJEd" l0<m/?n&*0?o:871&,?/</;/1& @AB"DSMDJPB"JR"IAB"@BEKBI"DMJIJGJE"FP"IJ"DMJNFOB"H"RHFMEL"UBKBMHEp"QFqOFMBGIFJKHEp"BFUAIq QFI"QLIBqJMFBKIBO"GJWWSKFGHIFJKP"RHGFEFILV"`IP"DMFWHML"UJHE"FP"IJ"HEEJX"H"PIHKOHMO" WBIAJO"JR"FKIBMRHGFKU"IBMWFKHE"OBNFGBP"HKO"IBMWFKHEqJMFBKIBO"DMJGBPPBP"IJ"BHGA"JIABMV" " @BEKBI"KJI"JKEL"HEEJXP"IAB"SPBM"IJ"EJU"FK"IJ"H"MBWJIB"AJPIp"FI"HEEJXP"IAHI"SPBM"IJ"BTBGSIB" GJWWHKOP"JK"IAHI"AJPIV"@ASPp"HK"FKOFNFOSHE"FK"ZJP"CKUBEBP"GHK"@BEKBI"IJ"H"WHGAFKB"FK" iBX"rJM^"HKO"QBUFK"MSKKFKU"DMJUMHWP"JK"IAB"iBX"rJM^"WHGAFKB"YSPI"HP"IAJSUA"IAB" SPBM"XBMB"HGISHEEL"FK"iBX"rJM^V"" s:10&*?782t0?&,?/</;/1& b@c"abFEB"@MHKPRBM"cMJIJGJEd"FP"IAB"PFWDEBPI"HKO"WJPI"PBGSMB"XHL"IJ"BTGAHKUB"RFEBP" JNBM"IAB"`KIBMKBIV""_ABIABM"LJS"^KJX"FI"JM"KJIp"LJS"WJPI"EF^BEL"SPB"b@c"HEE"IAB"IFWBV" @AB"WJPI"GJWWJK"SPB"RJM"b@c"FP"IJ"uvwxyvzu"RFEBP"RMJW"IAB"`KIBMKBIV""_ABK" uvwxyvzu{x|"H"RFEB"RMJW"IAB"`KIBMKBI"LJS}MB"HGISHEEL"~ zx {x|"IAB"RFEB"IJ"LJSM" GJWDSIBM"RMJW"HKJIABM"GJWDSIBM"JNBM"IAB"`KIBMKBIV""@AFP"FP"XAL"IAB" @"aIMHKPRBMd"FP"FK" b@cV"rJS"WHL"KJI"^KJX"XABMB"IAB"GJWDSIBM"FP"IAHI"IAB"RFEB"FP"GJWFKU"RMJW"QSI"LJS" WJPI"EF^BEL"^KJX"FIP" eZ"JM"`KIBMKBI"HOOMBPPV" " CK"b@c"HOOMBPP"EJJ^P"H"EJI"EF^B"HK" @@cp"JM"_BQPFIBp"HOOMBPP"BTGBDI"FI"SPBP"IAB" DMBRFT" ~ "FKPIBHO"JR" ~~ V" " fTHWDEB"_BQPFIB"HOOMBPP[" AIID[ XXXVFUKJSVHGVFK" fTHWDEB"b@c"PFIB"HOOMBPP[" RID[ XXXVFUKJSVHGVFK" &
345&789&*+,-5,&./9012&&
11"
456789*+,-./,051235+,, ,
12#
425675,8-27,99-.+:59,;9868387, <=>?#@A#B#CDEBF@GDEH#A@IJEDK#FDLFMNBADO#JCPFPQPEK#@R#ST@QT#PRD#PC#IPCD#CDQ@J@DRFA#PU#B# IDAABVD#BCD#AJDQ@U@DO#WBRO#@R#IPAF#QBADA#GDC@U@DO#FP#DL@AFX#BEPRV#S@FT#FTD#IDAABVD#FDLF# BRO#JPAA@NEH#PFTDC#DRQPODO#PNYDQFAZ#>TD#IDAABVD#@A#FTDR#FCBRAUDCCDO#FP#B#CDIPFD# ADCGDC#[A@RV#B#JCPQDO[CD#PU#\[DC@DA#BRO#CDAJPRADA#NDFSDDR#FTD#QE@DRF#BRO#ADCGDCZ# ]@FTDC#BR#DROM[ADC^A#DIB@E#QE@DRFK#BZ_ZBZ#=`a#W=B@E#`ADC#aVDRFXK#PC#B#CDEBH@RV#ADCGDC^A# =>a#W=B@E#>CBRAJPCF#aVDRFAX#QBR#BQF#BA#BR#<=>?#QE@DRFZ# # aR#DIB@E#QE@DRF#_RPSA#FTD#P[FVP@RV#IB@E#<=>?#ADCGDC#UCPI#@FA#QPRU@V[CBF@PRZ#a# CDEBH@RV#ADCGDC#FHJ@QBEEH#ODFDCI@RDA#ST@QT#<=>?#ADCGDC#FP#QPRRDQF#FP#NH#EPP_@RV#[J# FTD#=b#W=B@E#DbQTBRVDX#cd<#CDQPCO#UPC#DBQT#CDQ@J@DRF^A#OPIB@R#RBID#WFTD#JBCF#PU# FTD#DIB@E#BOOCDAA#FP#FTD#C@VTF#PU#FTD#BF#WeX#A@VRXZ#fPRUPCIBRF#=>aA#WRPF#BEEX#UBEE#NBQ_# FP#B#A@IJED#a#CDQPCO#@R#FTD#QBAD#PU#RP#=bZ#WgDEBH@RV#ADCGDCA#QBR#BEAP#ND#QPRU@V[CDO# FP#[AD#B#AIBCF#TPAFZX# # >TD#<=>?#QE@DRF#@R@F@BFDA#B#>f?#QPRRDQF@PR#FP#ADCGDC^A#JPCF#hi#W[REDAA#PGDCC@OODR#NH# QPRU@V[CBF@PRXZ#jF#@A#\[@FD#DBAH#FP#FDAF#BR#<=>?#ADCGDC#[A@RV#FTD#FDERDF#JCPVCBIZ# <=>?#@A#B#kJ[ATk#JCPFPQPE#FTBF#OPDA#RPF#BEEPS#PRD#FP#kJ[EEk#IDAABVDA#UCPI#B#CDIPFD# ADCGDC#PR#ODIBROZ#>P#OP#FT@A#B#IB@E#QE@DRF#I[AF#[AD#?l?1#PC#j=a?Z#aRPFTDC#<=>?# ADCGDC#QBR#FC@VVDC#B#ODE@GDCH#@R#<=>?#[A@RV#]>gdZ# mn65995o6,99-.+:59,;9868387, pHJDCFDLF#>CBRAUDC#?CPFPQPE#Wp>>?X#@A#B#QPII[R@QBF@PRA#JCPFPQPE#UPC#FTD#FCBRAUDC#PU# @RUPCIBF@PR#PR#FTD#@RFCBRDF#BRO#FTD#qPCEO#q@OD#qDNZ#jFA#PC@V@RBE#J[CJPAD#SBA#FP# JCPG@OD#B#SBH#FP#J[NE@AT#BRO#CDFC@DGD#THJDCFDLF#JBVDA#PGDC#FTD#jRFDCRDFZ# # p>>?#@A#B#CD\[DAFrCDAJPRAD#AFBROBCO#NDFSDDR#B#QE@DRF#BRO#B#ADCGDCZ#a#QE@DRF#@A#FTD# DROM[ADCs#FTD#ADCGDC#@A#FTD#SDN#A@FDZ#>TD#QE@DRF#IB_@RV#BR#p>>?#CD\[DAF#M#[A@RV#B#SDN# NCPSADCK#AJ@ODCK#PC#PFTDC#DROM[ADC#FPPE#M#@A#CDUDCCDO#FP#BA#FTD#[ADC#BVDRFZ#>TD# CDAJPRO@RV#ADCGDC#M#ST@QT#AFPCDA#PC#QCDBFDA#CDAP[CQDA#A[QT#BA#p>=t#U@EDA#BRO#@IBVDA# M#@A#QBEEDO#FTD#PC@V@R#ADCGDCZ#jR#NDFSDDR#FTD#[ADC#BVDRF#BRO#PC@V@R#ADCGDC#IBH#ND# ADGDCBE#@RFDCIDO@BC@DAK#A[QT#BA#JCPL@DAK#VBFDSBHAK#BRO#F[RRDEAZ#p>>?#@A#RPF# QPRAFCB@RDO#FP#[A@RV#>f?rj?#BRO#@FA#A[JJPCF@RV#EBHDCAK#BEFTP[VT#FT@A#@A#@FA#IPAF# JPJ[EBC#BJJE@QBF@PR#PR#FTD#jRFDCRDFZ#jRODDO#p>>?#QBR#ND#k@IJEDIDRFDO#PR#FPJ#PU#BRH# PFTDC#JCPFPQPE#PR#FTD#jRFDCRDFK#PC#PR#PFTDC#RDFSPC_AZ#p>>?#PREH#JCDA[IDA#B#CDE@BNED# FCBRAJPCFs#BRH#JCPFPQPE#FTBF#JCPG@ODA#A[QT#V[BCBRFDDA#QBR#ND#[ADOZk# # >HJ@QBEEHK#BR#p>>?#QE@DRF#@R@F@BFDA#B#CD\[DAFZ#jF#DAFBNE@ATDA#B#>CBRAI@AA@PR#fPRFCPE# ?CPFPQPE#W>f?X#QPRRDQF@PR#FP#B#JBCF@Q[EBC#JPCF#PR#B#TPAF#WJPCF#uv#NH#ODUB[EFs#ADD#t@AF# PU#>f?#BRO#`c?#JPCF#R[INDCAXZ#aR#p>>?#ADCGDC#E@AFDR@RV#PR#FTBF#JPCF#SB@FA#UPC#FTD# QE@DRF#FP#ADRO#B#CD\[DAF#IDAABVDZ#`JPR#CDQD@G@RV#FTD#CD\[DAFK#FTD#ADCGDC#ADROA#NBQ_#B# AFBF[A#E@RDK#A[QT#BA#kp>>?rwZw#hvv#lxkK#BRO#B#IDAABVD#PU#@FA#PSRK#FTD#NPOH#PU#ST@QT# @A#JDCTBJA#FTD#CD\[DAFDO#U@EDK#BR#DCCPC#IDAABVDK#PC#APID#PFTDC#@RUPCIBF@PRZ# # >TD#CDBAPR#FTBF#p>>?#[ADA#>f?#BRO#RPF#`c?#@A#NDQB[AD#I[QT#OBFB#I[AF#ND#ADRF#UPC#B# SDNJBVDK#BRO#>f?#JCPG@ODA#FCBRAI@AA@PR#QPRFCPEK#JCDADRFA#FTD#OBFB#@R#PCODCK#BRO# JCPG@ODA#DCCPC#QPCCDQF@PRZ# 085-2.,4-55,459159, >TD#IPAF#NBA@Q#FBA_#PU#cd<#@A#FP#FCBRAEBFD#TPAFRBIDA#FP#j?#BOOCDAADAZ#jR#GDCH#A@IJED# FDCIAK#@F#QBR#ND#QPIJBCDO#FP#B#JTPRD#NPP_Z#cd<#BEAP#TBA#PFTDC#@IJPCFBRF#[ADAZ# # aNPGD#BEEK#cd<#IB_DA#@F#JPAA@NED#FP#BAA@VR#jRFDCRDF#RBIDA#FP#PCVBR@yBF@PRA#WPC# QPRQDCRA#FTDH#CDJCDADRFX#@RODJDRODRF#PU#FTD#JTHA@QBE#CP[F@RV#T@DCBCQTH#CDJCDADRFDO#NH# FTD#R[IDC@QBE#j?#BOOCDAAZ#zDQB[AD#PU#FT@AK#THJDCE@R_A#BRO#jRFDCRDF#QPRFBQF#@RUPCIBF@PR#
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`ab21'c1de0fg'/898h1a19d'-f0d0i02'' _:9PK8#^8;?D7I#j565E8986;#C7D;D4DK#M_^jCR#:=#5#PDPAK57#P7D;D4DK#LD7#68;?D7I# 9565E8986;Q#B;#:=#A=8H#LD7#4DKK84;:6E#:6LD795;:D6#L7D9>#56H#4D6L:EA7:6E>#68;?D7I# H8@:48=>#=A4<#5=#=87@87=>#P7:6;87=>#<AG=>#=?:;4<8=>#56H#7DA;87=#D6#56#B6;8768;#C7D;D4DK# MBCR#68;?D7IQ#Y=:6E#_^jC>#FDA#456#9D6:;D7#68;?D7I#P87LD795648>#5AH:;#68;?D7I# A=5E8>#H8;84;#68;?D7I#L5AK;=#D7#:65PP7DP7:5;8#5448==>#56H#:6#=D98#45=8=#4D6L:EA78# 789D;8#H8@:48=Q#_^jC#:=#H8=:E68H#;D#G8#H8PKDF8H#D6#;<8#K57E8=;#PD==:GK8#6A9G87#DL# 68;?D7I#H8@:48=>#;D#<5@8#9:6:95K#:9P54;#D6#;<8#9565E8H#6DH8=>#;D#<5@8#9:6:95K# ;756=PD7;#78kA:78986;=>#56H#;D#4D6;:6A8#?D7I:6E#?<86#9D=;#D;<87#68;?D7I# 5PPK:45;:D6=#L5:KQ# c1de0fg'l`21'5m3d1a'' ^n_#=;56H=#LD7#^8;?D7I#n:K8#_F=;89>#5#L:K8#=F=;89#H8@8KDP8H#GF#_A6#j:47D=F=;89=># B64Q#B;#:=#5#4K:86;o=87@87#=F=;89#;<5;#5KKD?=#A=87=#;D#5448==#L:K8=#547D==#5#68;?D7I#56H# ;785;=#;<89#5=#:L#;<8F#78=:H8H#:6#5#KD45K#L:K8#H:784;D7FQ#nD7#8O59PK8>#:L#FDA#?878#A=:6E#5# 4D9PA;87#K:6I8H#;D#5#=84D6H#4D9PA;87#@:5#^n_>#FDA#4DAKH#5448==#L:K8=#D6#;<8#=84D6H# 4D9PA;87#5=#:L#;<8F#78=:H8H#:6#5#H:784;D7F#D6#;<8#L:7=;#4D9PA;87Q#\<:=#:=#544D9PK:=<8H# ;<7DAE<#;<8#P7D48==8=#DL#8OPD7;:6E#M;<8#P7D48==#GF#?<:4<#56#^n_#=87@87#P7D@:H8=# 789D;8#4K:86;=#?:;<#5448==#;D#:;=#L:K8=R#56H#9DA6;:6E#M;<8#P7D48==#GF#?<:4<#L:K8# =F=;89=#578#95H8#5@5:K5GK8#;D#;<8#DP875;:6E#=F=;89#56H#;<8#A=87RQ# # \<8#^n_#P7D;D4DK#:=#H8=:E68H#;D#G8#:6H8P86H86;#DL#;<8#4D9PA;87>#DP875;:6E#=F=;89># 68;?D7I#574<:;84;A78>#56H#;756=PD7;#P7D;D4DKQ#\<:=#9856=#;<5;#=F=;89=#A=:6E#;<8#^n_# =87@:48#95F#G8#956AL54;A78H#GF#H:LL8786;#@86HD7=>#A=8#H:LL8786;#DP875;:6E#=F=;89=># 56H#G8#4D6684;8H#;D#68;?D7I=#?:;<#H:LL8786;#574<:;84;A78=Q#\<8=8#H:LL878648=#578# ;756=P5786;#;D#;<8#^n_#5PPK:45;:D6>#56H#;<A=>#;<8#A=87Q##
pqrqps+f893b0fd't8m1f'-f0d0i023''
B6#;<8#\uCoBC#9DH8K>#;<8#;756=PD7;#K5F87#:=#78=PD6=:GK8#LD7#H8K:@87:6E#H5;5#;D#;<8# 5PP7DP7:5;8#5PPK:45;:D6#P7D48==#D6#;<8#<D=;#4D9PA;87=Q#\<:=#:6@DK@8=#9AK;:PK8O:6E#DL# H5;5#L7D9#H:LL8786;#5PPK:45;:D6#P7D48==8=>#:Q8Q#LD79:6E#5#vwxywz{#GF#5HH:6E#=DA748#56H# H8=;:65;:D6#PD7;#6A9G87=#:6#;<8#<85H87#DL#854<#;756=PD7;#K5F87#H5;5#P54I8;Q#\DE8;<87# ?:;<#;<8#=DA748#56H#H8=;:65;:D6#BC#5HH78==#ML7D9#;<8#:6;8768;#K5F87R>#;<8#PD7;#6A9G87=# 4D6=;:;A;8=#5#68;?D7I#=D4I8;>#:Q8Q#56#:H86;:L:45;:D6#5HH78==#DL#;<8#P7D48==J;DJP7D48==# 4D99A6:45;:D6Q# # \<8#95|D7#LA64;:D6=#DL#\756=PD7;#[5F87#578}# ~ B;#=8;=#AP#56H#95:6;5:6=#5#u<5P;87#4D6684;:D6#G8;?886#;?D#H8@:48=Q# ~ B;#456#P7D@:H8#LD7#;<8#78K:5GK8#D7#A678K:5GK8#H8K:@87F#DL#H5;5#547D==#;<8# 4D6684;:D6Q# ~ B;#456#:9PK8986;#LKD?#4D6;7DK#;<7DAE<#785HFo6D;#785HF#=:E65K=#D7# :6HD?:6E#;D# 86=A78#;<5;#;<8#=86H87#HD#6D;#D@87?<8K9#;<8#7848:@87#?:;<#;DD#956F#=8E986;=Q# 12#
456789*+,-./,051235+,, ,
45 67#89:7;<:=>=?#7@=#ABCC=A7;BC?D#E::BF;CG#89:7;<:=#E<<:;AE7;BC?#7B#?;89:7EC=B9?:H# ?=CI#ECI#J=A=;K=#IE7E#7@JB9G@#<BJ7#BJ#?BAL=7#C98M=J?# N@=#OB?7#AB88BC#NJEC?<BJ7#PEH=J#QJB7BAB:?#EJ=R# 45 NSTSQ#UNJEC?8;??;BC#TBC7JB:#QJB7BAB:V# 45 WSXSQ#UW?=J#XE7EGJE8#QJB7BAB:V# Y9-.+Z2++28.,[8.698\,]986838\, NTQ#;?#E#^=:;EM:=#UG9EJEC7==?#7@E7#7@=#IE7E#?=C7#EAJB??#7@=#ABCC=A7;BC#F;::#M=# I=:;K=J=I#=>EA7:H#E?#?=C7D#F;7@B97#8;??;CG#BJ#I9<:;AE7=#IE7EVD#TBCC=A7;BC#BJ;=C7=I#U_C# E<<:;AE7;BC#J=`9=?7?#E#ABCC=A7;BCD#ECI#7@=C#9?=?#;7#aBJ#IE7E#7JEC?a=JV#<JB7BAB:#BC#7@=# 7JEC?<BJ7#:EH=J#7@E7#<JBK;I=?#;CbBJI=J#I=:;K=JH#Ba#IE7E#ECI#E:?B#9?=#M9aa=J;CG#ECI# F;CIBF;CG#7B#;8<:=8=C7#a:BF#ABC7JB:S# c+59,0-6-d9-Z,]986838\, N@=#WXQ#;?#EC#9CJ=:;EM:=#ABCC=A7;BC:=??#<JB7BAB:#Ba#7@=#7JEC?<BJ7#:EH=JS#WXQ#;?# efghijklihD#8=EC?#7@E7#WXQ#IB=?#CB7#<JBK;I=#8=A@EC;?8?#aBJ#=JJBJ#I=7=A7;BC#ECI# =JJBJ#ABJJ=A7;BC#M=7F==C#7@=#?B9JA=#ECI#7@=#I=?7;CE7;BCS#m=AE9?=#Ba#7@;?D#WXQ#97;:;n=I# MECIF;I7@#8BJ=#=aa;A;=C7:H#7@EC#NTQS#opffhqrjpfihssD#8=EC?#7@E7#E#C=7FBJL#CBI=#AEC# AB889C;AE7=#F;7@#ECB7@=J#C=7FBJL#CBI=#9?;CG#WXQ#F;7@B97#a;J?7#C=GB7;E7;CG#ECH# L;CI#Ba#@ECI?@EL;CG#BJ#AJ=E7;CG#E#ABCC=A7;BCS#m=AE9?=#Ba#7@;?D#WXQ#;?#K=JH#=aa;A;=C7# aBJ#<JB7BAB:?#7@E7#?=CI#K=JH#?8E::#E8B9C7?#Ba#IE7E#E7#;JJ=G9:EJ#;C7=JKE:?S#
tuvuwxy.659.56,z-{59,]986838\+,
N@=#NTQ|6Q#;C7=JC=7b:EH=J#a9CA7;BCE:;7H#;CA:9I=?#7JEC?8;77;CG#IE7E#7B#ECI#aJB8#7@=# NTQ|6Q#C=7FBJL#;C7=JaEA=#:EH=JD#JB97;CG#IE7E#7B#7@=#ABJJ=A7#C=7FBJL#ECI#?7E7;BC#BC#7@=# I=?7;CE7;BC#C=7FBJLD#ECI#@ECI:;CG#<EAL=7#=JJBJ?#ECI#aJEG8=C7E7;BCS# y.659.56,]986838\, N@=#6C7=JC=7#QJB7BAB:#;?#7@=#M9;:I;CG#M:BAL#Ba#7@=#6C7=JC=7S#6Q#;?#E#38..53628.\5++, }986838\D#8=EC?#;7#IB=?#CB7#=>A@ECG=#ABC7JB:#;CaBJ8E7;BC#U@ECI?@EL=V#7B#<JBK;I=#=CIb 7Bb=CI#ABC7JB:#Ba#AB889C;AE7;BC?#a:BFS#67#J=:;=?#BC#B7@=J#:EH=J?#7B#<JBK;I=#7@;?# a9CA7;BC#;a#;7#;?#J=`9;J=IS#6Q#E:?B#J=:;=?#BC#B7@=J#:EH=J?#7B#<JBK;I=#=JJBJ#I=7=A7;BC#ECI# ABJJ=A7;BCS#m=AE9?=#Ba#7@;?#6Q#;?#?B8=7;8=?#J=a=JJ=I#7B#E?#EC#~.95\2- \5,}986838\, M=AE9?=#;7#ABC7E;C?#CB#=JJBJ#I=7=A7;BC#ECI#J=ABK=JH#ABI=S#6Q#AEC#M=#J=:;=I#9<BC#7B# EAA9JE7=:H#I=:;K=J#HB9J#IE7E#7B#7@=#ABCC=A7=I#C=7FBJLD#M97#;7#IB=?C 7#A@=AL#F@=7@=J# 7@E7#IE7E#FE?#ABJJ=A7:H#J=A=;K=IS# 67?#a9CA7;BC?#;CA:9I=R# 45 X=a;C;CG#7@=#IE7EGJE8D#F@;A@#;?#7@=#ME?;A#9C;7#Ba#7JEC?8;??;BC#;C#7@=#6C7=JC=7# 45 X=a;C;CG#7@=#6C7=JC=7#EIIJ=??;CG#?A@=8=# 45 OBK;CG#IE7E#M=7F==C#7@=# =7FBJL#_AA=??#PEH=J#ECI#7@=# B?7b7Bb B?7# NJEC?<BJ7#PEH=J# 45 ^B97;CG#IE7EGJE8?#7B#J=8B7=#@B?7?# 45 Q=JaBJ8;CG#aJEG8=C7E7;BC#ECI#J=bE??=8M:H#Ba#IE7EGJE8?# //95++, 5+8\~628.,]986838\, ] , N@=#EIIJ=??#J=?B:97;BC#<JB7BAB:#;?#E#<JB7BAB:#9?=I#MH#7@=#6C7=JC=7#QJB7BAB:#U6QVD# ?<=A;a;AE::H#6QK #U6Q#K=J?;BC# VD#7B#8E<#6Q#C=7FBJL#EIIJ=??=?#7B#7@=#@EJIFEJ=# EIIJ=??=?#9?=I#MH#E#IE7E#:;CL#<JB7BAB:#E?#I=<;A7=I#;C#a;G9J=# S#67#;?#9?=I#F@=C#6QK #;?# 9?=I#BK=J# 7@=JC=7S#_^Q#FBJL?#BC# 7@=JC=7#C=7FBJL?#E?#aB::BF?S# 7@=JC=7#C=7FBJL# 12#
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`abcdefgehicjdklmnlhicoehhlpe#;E#7@8#B;=4B#:<DE87K#Z@8#@;:7#>?7@#7@8# U?V8E#XY#45598::#:8E5:#4E#`abcdeqrsc?E#98:6;E:8#7;#7@8#D9;45=4:7S#4BB;>?EU#7@8# ?E?7?47?EU#58V?=8#7;#<65478#?7:#=4=@8#4E5#69;=885#7;#58B?V89#C8::4U8:#5?98=7BA#7;#7@8# 749U87K#
tuvwx1'yz'{0x|u9v'0}'[\-'
#
\1~1x31'[**x133'\1302w u09'-x0 0]02' \[\- ' 8V89:8#G5598::# 8:;B<7?;E#Y9;7;=;BS#4#ZHY XY#69;7;=;B#7@47#689C?7:#4#6@A:?=4B# 45598::S#:<=@#4:#4E#T7@89E87#45598::S#7;#D8#794E:B4785#?E7;#4E#XY#45598::K# ;:7:#:<=@#4:# 5?:MB8::#>;9M:747?;E:#;L78E#;EBA#ME;>#7@8?9#@495>498#?E789L4=8#45598::8:S#;9#FGH# 45598::S#>@8E#D;;785#D<7#E;7#7@8?9#XY#45598::8:K#Z@8A#C<:7#5?:=;V89#7@8?9#XY# 45598::8:#L9;C#4E#8 789E4B#:;<9=8S#<:<4BBA#4# G Y#:89V89K# # Z;#;D74?E#7@8#XKYK#45598::S#5?:MB8::#>;9M:747?;E:#D9;45=4:7#7@8?9#FGH#45598::#?E#7@8# >@;B8#E87>;9MS#>@8E#7@8# G Y#:89V89#98=8?V8:#7@8#98R<8:7#?7#98:6;E5:#7@8# >;9M:747?;E#>?7@#4#<E?R<8#XKYK#45598::K# 69 1x91 ',09 x02'/1338v1'-x0 0]02' 6,/- ' XE789E87#H;E79;B#F8::4U8#Y9;7;=;B#IXHFYJ#?:#4#69;7;=;B#7?U@7BA#?E78U94785#>?7@#XYK# XHFY#C8::4U8:S#58B?V8985#?E#XY#64=M87:S#498#<:85#L;9#:8E5?EU#eddkdc cnk idkrc oehhlpehc?K8K#?EL;9C47?;E#4D;<7#7@8#:747<:#;L#7@8#E87>;9M#?7:8BLK# ?E=8#XHFY#<:8:#XYS# XHFY#64=M87#58B?V89A#?:#<E98B?4DB8S#:;#@;:7:#=4E_7#=;<E7#;E#98=8?V?EU#XHFY#64=M87:# L;9#4EA#E87>;9M#69;DB8CK# ;C8#;L#XHFY_:#L<E=7?;E:#498#7; ## [990w9]1'91 0x|'1xx0x3 #:<=@#4:#4#@;:7#;9#8E7?98#6;97?;E#;L#7@8#E87>;9M# D8?EU#<E984=@4DB8S#5<8#7;#:;C8#7A68#;L#L4?B<98K#G#ZHY#;9# Y#64=M87#5?98=785# 47#4#6;97#E<CD89#>?7@#E;#98=8?V89#4774=@85#?:#4B:;#986;9785#V?4#XHFYK# [990w9]1'91 0x|']09v13 u09 #W@8E#4#9;<789#D8U?E:#D<LL89?EU#7;;#C4EA# 64=M87:S#5<8#7;#4E#?E4D?B?7A#7;#794E:C?7#7@8C#4:#L4:7#4:#7@8A#498#D8?EU#98=8?V85S#?7# >?BB#U8E89478#XHFY# kgdnec ge n #C8::4U8:K# ?98=785#47#7@8#:8E589S#7@8:8# C8::4U8:#:@;<B5#=4<:8#7@8#9478#;L#64=M87#794E:C?::?;E#7;#D8#:B;>85K# L#=;<9:8S# 12#
456789*+,-./,051235+,, ,
4565789:64#9;;#<86=#>;?7@5#A?56@B#<5CC845C#D;?EF#@8?C5#5G56#<;75#659D;7H# @;645C9:;6I#C;#9B5=#875#?C5F#CJ87:64E=K## LM N++2+6,O98PQR5+S8862.TU#VWXY#C?JJ;79C#86#Z[\]#^?6@9:;6I#DB:@B#_?C9#C56FC#8# J8@H59#;6#8#7;?6F``97:J#a59D556#9D;#B;C9CK#Y:64I#8#@;<<;6#659D;7H# <86845<569#9;;EI#:C#a8C5F#;6#9B:C#^589?75K#Y:64#D:EE#9786C<:9#8#C57:5C#;^#J8@H59CI# <58C?7:64#8G57845#7;?6F``97:J#9:<5C#86F#@;<J?9:64#E;CC#J57@569845CK## LM N..8P.35,O2b58P6+U#V^#86#VY#J8@H59cC#dde#fd:<5#d;#e:G5g#^:5EF#F7;JC#9;#h57;I# 9B5#7;?957#F:C@87F:64#9B5#J8@H59#D:EE#;^956#45657895#86#VWXY#J8@H59#866;?6@:64# 9B:C#^8@9K#d78@5i;?95#:C#8#9;;E#DB:@B#<8JC#659D;7H#7;?95C#a=#C56F:64#J8@H59C# D:9B#C<8EE#dde#G8E?5C#86F#D89@B:64#9B5#VWXY#9:<5;?9#866;?6@5<569CK##
j,,,,,kS53*,l8P9,m98T95++,n,
oKM p;D#F;5C#9B5#pddY#J7;9;@;E#9786C^57#9B5#:6^;7<89:;6#;6#9B5#q;7EF#q:F5#q5ar# # # ssssssssssssssssssssssssssssssss# ssssssssssssssssssssssssssssssss# ssssssssssssssssssssssssssssssss# ssssssssssssssssssssssssssssssss# tKM uvJE8:6#9B5#D;7H:64#;^#wFF75CC#i5C;E?9:;6#Y7;9;@;E#fwiYgK# ssssssssssssssssssssssssssssssss# ssssssssssssssssssssssssssssssss# ssssssssssssssssssssssssssssssss# ssssssssssssssssssssssssssssssss#
nUxy z{||N}l,
dB:C#?6:9#a5486#D:9B#86#:697;F?@9:;6#9;#~>V#75^5756@5#<;F5EK#V9#48G5#F598:E5F# :6^;7<89:;6#8a;?9#G87:;?C#E8=57C#86F#^?6@9:;6C#;^#58@B#E8=57#;^#~>V#75^5756@5#<;F5EK# dB5#?6:9#@;G57C#;6#?6F57C986F:64#;^#B;D#F;5C#9B5#@;<<?6:@89:;6#B8JJ56#:6#8# 659D;7HK#V9#8EC;#@;G575F#dWY VY#<;F5EK#W;<J87:C;6#D8C#<8F5#a59D556#~>V#86F# dWY VY#<;F5EC#8E;64#D:9B#C:<:E87:9:5C#86F#F:^^5756@5CK#>;<5#;^#?C5^?E#J7;9;@;EC#;^# 58@B#E8=57#;^#dWY VY#D575#F5C@7:a5FK##
nU y } } 4k z {}O },} N0 4 z,
oKM tKM 1KM KM ¨KM ªKM 12#
] ] I#wK#>K# # 9B#uF:9:;6I#Y78@9:@5#p8EE#;^#V6F:8I# 5D# 5EB:K#t 1K# ] [ ] ] ] [ ] ] ¡#17F#uF:9:;6I#¢5B7;?h# £;7;?h86I#d898#X@¤78D#p:EEK# ] ] I#¥K£K#¦?7;C5#§#¦KqK#i;CCI#w#d;J# ;D6#wJJ7;8@B# £589?7:64#9B5#V6957659I#Y587C;6#uF:9:;6I#t 1K# ] [ ] ] I#e5;6#¤87@:8I#86F#q:F_8_8I#d898#X@¤78D#p:EEI# t K# © ©] # ] ] [ ] ¡#q:EE:86#>98EE:64CI#ª9B#uF:9:;6I#Y587C;6# uF?@89:;6I# 5D# 5EB:K##
456 7899:#75#;<=<9>?@ABCDEFGHIJBKIHLDJMNO#P#Q:>=<R>#PSS9?8TUA#19V#WVX=X?@#YZU<# 456'89*'+,-.6-'/0*123'' [?9\8@#]8^_R8@@#Q<9X<>#X@#`<=a?9bX@\c5##
defg 54hi+64j5.kj5lmn5' o''''',p1qr's0tu'-u0vu133'w'
x56 ZU<#Z98@>S?9=#78:<9#X>#9<>S?@>Xyz<#_?9#S9?{XVX@\#_z?a#T?@=9?z#=?#8zz<{X8=<#=U<# X>>^<#?_#T?@\<>=X?@#X@#=U<#V8=8#=98@>_<95#Za?#R8X@#R<=U?V>#_?9#_z?a#T?@=9?z# X@Tz^V<O## # |t}}1u~9v # ^__<9X@\#X>#8#_?9R#?_#V8=8#_z?a#T?@=9?z#9<\^z8=<V#y:#=U<#Z98@>S?9=# 78:<9#8>#V<SXT=<V#X@# X\^9<# 5# =#X>#9<>S?@>Xyz<#_?9#<@>^9X@\#=U8=#>^__XTX<@=# y^__<9>#YZ<RS?989:#[<R?9:c#89<#8{8Xz8yz<#8=#=U<#V<>=X@8=X?@#_?9#=U<#S9?T<>>X@\# ?_#V8=8#8@V#=U8=#=U<#V8=8#X>#=98@>RX==<V#8=#8#98=<#=U8=#V?<>#@?=#< T<<V#aU8=#=U<# y^__<9#T8@#U8@Vz<5##
~vtu1'f ''|t}}1u~9v'8 'l0ur'
'
l~9*0 ~9v # X@V?aX@\#X>#8#_z?a#T?@=9?z#>TU<R<#X@#aUXTU#=U<#>?^9T<# T?RS^=<9#aXzz#R?@X=?9#8@V#R8b<#8V ^>=R<@=>#=?#=U<#8R?^@=#?_#X@_?9R8=X?@#><@=# y8><V#?@#>^TT<>>_^zA#9<zX8yz<#9<T<XS=#?_#V8=8#><\R<@=>#y:#=U<#V<>=X@8=X?@# T?RS^=<9#8>#>U?a@#X@# X\^9<#25#ZU<#>X <#?_#=U<#V8=8#=98@>RX>>X?@A#T8zz<V#=U<# aX@V?a#>X < A#X>#@<\?=X8=<V#8=#=U<#=XR<#?_#T?@@<T=X?@#<>=8yzX>UR<@=A#aUXTU#X># V<=<9RX@<V#y:#=U<#8R?^@=#?_#R<R?9:#?9#y^__<9#=U8=#X>#8{8Xz8yz<5##
~vtu1' ' 20 ',09 u02' 'n12~8 ~2~ ' pu0tvp'l~9*0 ~9v'
' 12#
456789*+,-./,051235+,, ,
456 789#:;<=#><:<?;@<A<9>#B9AC99=#A89#DEF#;=G#7HIJFI##:KG9?>#<=L?MG9#A89# NK??KC<=OP# Q6 789R#>8;@9#><:<?;@#;@L8<A9LAM@95#S####TKA8#KN#A89#:KG9?>#>8;@9#;#><:<?;@# ;@L8<A9LAM@95##78<>#L;=#B9#<??M>A@;A9G#BR#A89#N;LA#A8;A#BKA8#KN#A89:#;@9# LK=>A@MLA9G#C<A8#?;R9@>5# Q6 789R#>8;@9#;#LK::K=#;UU?<L;A<K=#?;R9@5S#TKA8#KN#A89#:KG9?>#>8;@9#;# LK::K=#V;UU?<L;A<K=#?;R9@V5##WKC9X9@#<=#U@;LA<L9#A8<>#?;R9@#<=L?MG9># G<NN9@9=A#>9@X<L9>#G9U9=G<=O#MUK=#9;L8#:KG9?5# Q6 TKA8#:KG9?>#8;X9#LK:U;@;B?9#A@;=>UK@A#;=G#=9ACK@Y#?;R9@>5S#78<>#L;=#B9# <??M>A@;A9G#BR#A89#N;LA#A8;A#C8;A9X9@#NM=LA<K=>#;@9#U9@NK@:9G#B9AC99=#A89# U@9>9=A;A<K=#;=G#=9ACK@Y#?;R9@#KN#A89#DEF#:KG9?#><:<?;@#NM=LA<K=>#;@9# U9@NK@:9G#;A#A89#7@;=>UK@A#?;R9@#KN#A89#7HIJFI#:KG9?5# Q6 TKA8#:KG9?>#;>>M:9#A8;A#U;LY9A>#;@9#>C<AL89G5S#T;><L;??R#A8<>#:9;=>#A8;A# <=G<X<GM;?#U;LY9A>#:;R#A;Y9#G<NN9@<=O#U;A8>#<=#K@G9@#AK#@9;L8#A89#>;:9# G9>A<=;A<K=5#
Z,,,,,[\53*,]8^9,_98`95++,a,
b56 WRU9@A9cA#7@;=>N9@#I@KAKLK?#dW77Ie#<>#;#LK::M=<L;A<K=>#U@KAKLK?#NK@#A89# A@;=>N9@#KN#<=NK@:;A<K=#K=#A89#<=A@;=9A#;=G#A89#fK@?G#f<G9#f9B5#FA>#K@<O<=;?# UM@UK>9#C;>#AK#U@KX<G9#;#C;R#AK#UMB?<>8#;=G#@9A@<9X9#8RU9@A9cA#U;O9>#KX9@#A89# F=A9@=9A5# # W77I#<>#;#@9gM9>AJ@9>UK=>9#>A;=G;@G#B9AC99=#;#L?<9=A#;=G#;#>9@X9@5#h#L?<9=A#<># A89#9=GSM>9@i#A89#>9@X9@#<>#A89#C9B#><A95#789#L?<9=A#:;Y<=O#;=#W77I#@9gM9>A#S# M><=O#;#C9B#B@KC>9@i#>U<G9@i#K@#KA89@#9=GSM>9@#AKK?#S#<>#@9N9@@9G#AK#;>#A89#M>9@# ;O9=A5#789#@9>UK=G<=O#>9@X9@#S#C8<L8#>AK@9>#K@#L@9;A9>#@9>KM@L9>#>ML8#;>#W7jk# N<?9>#;=G#<:;O9>#S#<>#L;??9G#A89#K@<O<=#>9@X9@5#F=#B9AC99=#A89#M>9@#;O9=A#;=G# K@<O<=#>9@X9@#:;R#B9#>9X9@;?#<=A9@:9G<;@<9>i#>ML8#;>#U@Kc<9>i#O;A9C;R>i#;=G# AM==9?>5#W77I#<>#=KA#LK=>A@;<=9G#AK#M><=O#7HIJFI#;=G#<A>#>MUUK@A<=O#?;R9@>i# ;?A8KMO8#A8<>#<>#<A>#:K>A#UKUM?;@#;UU?<L;A<K=#K=#A89#F=A9@=9A5#F=G99G#W77I#L;=# B9#V<:U?9:9=A9G#K=#AKU#KN#;=R#KA89@#U@KAKLK?#K=#A89#F=A9@=9Ai#K@#K=#KA89@# =9ACK@Y>5#W77I#K=?R#U@9>M:9>#;#@9?<;B?9#A@;=>UK@Al#;=R#U@KAKLK?#A8;A#U@KX<G9># >ML8#OM;@;=A99>#L;=#B9#M>9G5V# # 7RU<L;??Ri#;=#W77I#L?<9=A#<=<A<;A9>#;#@9gM9>A5#FA#9>A;B?<>89>#;#7@;=>:<>><K=# HK=A@K?#I@KAKLK?#d7HIe#LK==9LA<K=#AK#;#U;@A<LM?;@#UK@A#K=#;#8K>A#dUK@A#m2#BR# G9N;M?Al#>99#k<>A#KN#7HI#;=G#noI#UK@A#=M:B9@>e5#h=#W77I#>9@X9@#?<>A9=<=O#K=# A8;A#UK@A#C;<A>#NK@#A89#L?<9=A#AK#>9=G#;#@9gM9>A#:9>>;O95#nUK=#@9L9<X<=O#A89# @9gM9>Ai#A89#>9@X9@#>9=G>#B;LY#;#>A;AM>#?<=9i#>ML8#;>#VW77IJb5b#422#DpVi#;=G#;# :9>>;O9#KN#<A>#KC=i#A89#BKGR#KN#C8<L8#<>#U9@8;U>#A89#@9gM9>A9G#N<?9i#;=#9@@K@# :9>>;O9i#K@#>K:9#KA89@#<=NK@:;A<K=5# # 456 789#;GG@9>>#@9>K?MA<K=#U@KAKLK?#<>#;#U@KAKLK?#M>9G#BR#A89#F=A9@=9A#I@KAKLK?#dFIei# >U9L<N<L;??R#FIX1#dFI#X9@><K=#1ei#AK#:;U#FI#=9ACK@Y#;GG@9>>9>#AK#A89#8;@GC;@9# ;GG@9>>9>#M>9G#BR#;#G;A;#?<=Y#U@KAKLK?5#FA#<>#M>9G#C89=#FIX1#<>#M>9G#KX9@# qA89@=9A5#hrI#CK@Y>#K=#qA89@=9A#=9ACK@Y>#;>#NK??KC>5#qA89@=9A#=9ACK@Y# ;G;UA9@>#;@9#U@KGML9G#C<A8#;#U8R><L;?#;GG@9>>#9:B9GG9G#<=#A89#8;@GC;@9#L;??9G# A89#j9G<;#hLL9>>#HK=A@K?#djhHe#;GG@9>>5# # j;=MN;LAM@9@>#A;Y9#L;@9#AK#9=>M@9#A89>9#sSBRA9#d1mSB<Ae#;GG@9>>9>#;@9#M=<gM9i# ;=G#qA89@=9A#@9?<9>#K=#A89>9#M=<gM9#<G9=A<N<9@>#NK@#:9>>;O9#G9?<X9@R5#f89=#;=R# G9X<L9#C<>89>#AK#>9=G#G;A;#AK#;=KA89@#A;@O9A#G9X<L9#KX9@#qA89@=9Ai#<A#:M>A#N<@>A# G9A9@:<=9#A89#jhH#;GG@9>>#KN#A8;A#A;@O9A#O<X9=#<A>#FI#;GG@9>>#789>9#FISAKSjhH# ;GG@9>>#:;UU<=O>#;@9#G9@<X9G#N@K:#;=#tu_,3-3\5#:;<=A;<=9G#K=#9;L8#G9X<L95##
12#
45#678#9:;8<#4=#>??@8AA#?B8A#<B6#>CC8>@#:<#>#?8;:D8EA#D>D78F#67>6#?8;:D8#D><<B6# 456'89*'+,-.6-'/0*123'' ?:@8D6#G8AA>98A#6B#67>6#6>@986#H<6:I#:6#BJ6>:<A#>#<8K#G>CC:<9L#MB#?B#67:AF#678# :<:6:>6:<9#?8;:D8#5:@A6#A8<?A#><#NOPQRSTUSVWQXRYZ[\ZVWQ]SVVZ^S#B<#678#IBD>I# AHJ<86L#M78#7BA6#K:67#678#9:;8<#4=#>??@8AA#A8<?A#><#NOPQRS_`aQ:<#@8ACB<A8#6B# 678#J@B>?D>A6F#>IIBK:<9#678#:<:6:>6:<9#?8;:D8#6B#HC?>68#:6A#D>D78#><?#C@BD88?#6B## ?8I:;8@#G8AA>98A#?:@8D6Ib#6B#678#6>@986L#
'
#
12#
456789*+,-./,051235+,, ,
4456,7,89:;5<=>,=40,0=6=,>54?,>=:@A, ;69B36B95, , ,
, ,
, ,
EFGH IJKLMNOPKQMJ# EFRH STUVPKQWVX# EF2H YZ[XQP\]#\JN#^\K\#_QJ`#_\[VL#aVLWQPVX# EFEH bLLML#^VKVPKQMJ#\JN#cMLLVPKQMJ# EF1H d]Me#\JN#bLLML#cMJKLM]# EFgH hVNQOi#jPPVXX#cMJKLM]#khjcl#aOT]\[VL#
EFgFRHcMJKVJKQMJ#T\XVN#iVNQ\#\PPVXX#mLMKMPM]X# EFgF2Hn\JNMi#\PPVXX#mLMKMPM]X# EFgFEHYM]]QJo#T\XVN#hjc#mLMKMPM]X# EFgF1HIbbb#XK\JN\LN#fG2FE#\JN#bKZVLJVK# EFgFgHIbbb#XK\JN\LN#fG2F1#KM`VJ#TOX# EFgFpHIbbb#XK\JN\LN#fG2Fg#KM`VJ#LQJo# EFgFqHjNNLVXX#LVXM]OKQMJ#mLMKMPM]#kjnYl# EFgFfHnVWVLXV#\NNLVXX#LVXM]OKQMJ#mLMKMPM]#knjnYl#
EFpH aOii\L[# EFq nVrVLVJPVXsdOLKZVL#nV\NQJo# # EFqH aM]OKQMJXsjJXeVLX#
7Dtu 546Av04<65v4,
#
#
, ,,8-C5,48+D, 12# 12# 12# 11# 1f# gR#
gg# ########################gp# gp#
jX#[MO#Z\WV#XKONQVN#V\L]QVL#KZ\K#KZV#mZ[XQP\]#]\[VL#mLMWQNVX#\J#V]VPKLQP\]w#iVPZ\JQP\]w# \JN#rOJPKQMJ\]#QJKVLr\PV#KM#KZV#KL\JXiQXXQMJ#iVNQOi#\]XM#KZV#N\K\#]QJ`#]\[VL#KMoVKZVL# eQKZ#mZ[XQP\]#]\[VL#mLMWQNV#\#N\K\#]QJ`#PMJJVPKQMJ#rML#LV]Q\T]V#KL\JXrVL#Mr#N\K\#TQKX#MWVL# \J#QimVLrVPK#mZ[XQP\]#PMJJVPKQMJw#TVKeVVJ#KeM#\NU\PVJK#JMNVXF#IJ#KZQX#OJQKw#eV#eQ]]# XKON[#\TMOK#NVXQoJ#Mr#^\K\#_QJ`#_\[VL#\JN#QKX#hVNQOi#jPPVXX#cMJKLM]#aOT]\[VLF##xZQX# QJP]ONVX#W\LQMOX#mLMKMPM]X#rML#\PZQVWQJo#LV]Q\T]Vw#VrrQPQVJK#PMiiOJQP\KQMJF##IK#\]XM# PMWVLX#KZV#XKON[#Mr#J\KOLV#Mr#VLLMLXw#P\OXVX#\JN#ZMe#KZV[#P\J#TV#NVKVPKVN#\JN#PMLLVPKVNF# xZV#hjc#XOT]\[VL#PMJK\QJX#mLMKMPM]X#eZQPZ#NVKVLiQJV#eZ\K#oMVX#JVyK#MJ#\#iO]KQz \PPVXX#PZ\JJV]F#IJ#KZV#VJN#Mr#KZQX#OJQK#[MO#eQ]]#]V\LJ#\TMOK#eML`QJo#Mr#jnY#\JN#njnY# mLMKMPM]XF#
7D{u v|}@<65~@;,
jrKVL#oMQJo#KZLMOoZ#KZQX#OJQKw#[MO#XZMO]N#TV#\T]V#KM # H JMe#KZV#XVLWQPVX#Mr#mZ[XQP\]#\JN#N\K\#]QJ`#]\[VL# H JNVLXK\JN#KZV#PMJPVmK#Mr#rL\iQJo# H JNVLXK\JN#W\LQMOX#VLLML#Z\JN]QJo#iVKZMNX # H JMe#KZV#nVKL\JXiQXXQMJ#aKL\KVoQVX#\K#N\K\#]QJ`#]\[VL# H JNVLXK\JN#W\LQMOX#r]Me#PMJKLM]#iVKZMNXw# H JNVLXK\JN#KZV#eML`QJo#Mr#hjc#XOTz]\[VL#mLMKMPM]X## H ^QrrVLVJKQ\KV#TVKeVVJ#cahjsc^w#YM]]QJo#\JN#xM`VJ#Y\XXQJoF# H JNVLXK\JN#KZV#eML`QJo#Mr#jnY#\JN#njnY#
7D u 89:;5<=>,=40,0=6=,>54?,>=:@A,;@A~5<@;,
xM#VyPZ\JoV#NQoQK\]#QJrMLi\KQMJ#TVKeVVJ#NVWQPVX#j#\JN# w#eV#LV OQLV#\J# QJKVLPMJJVPKQJo#KL\JXiQXXQMJ#iVNQOi#KM#P\LL[#KZV#V]VPKLQP\]#XQoJ\]X #\#XK\JN\LN#QJKVLr\PV# \JN#KZV#mZ[XQP\]#]\[VL#KM#PMJWVLK#TQKX#QJKM#V]VPKLQP\]#XQoJ\]X#\JN#WQPVzWVLX\F# 12#
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`a$8;FC@MC@:?<9$F<@?:8;$ M@CF<99<9N$D78F7$F:@@A$CH?$<@@C@$FC;?@C=N$I=CD$FC;?@C=$:;G$?7<$:99CF8:?<G$=8;K$ >:;:E<><;?$IH;F?8C;9L$$$67<$G:?:$B=CFK$:=C;E$D8?7$?7<$FC;?@C=$B8?9$89$F:==<G$:$I@:><L$ $ X:?:$=8;K$=:A<@$^_8EH@<$`a$89$G8J8G<G$8;?C$?DC$9HB=:A<@9P$ $ 2bc9*+,-29.3-db.15b,$^YYea$FC;F<@;<G$D8?7$M@CJ8G8;E$:$@<=8:B=<$FC>>H;8F:?8C;$M:@?$ B<?D<<;$?DC$G<J8F<9L$$$S?$89$:=9C$8;JC=J<G$D8?7$I=CD$FC;?@C=$:;G$9<[H<;F8;EL$$67<$YYe$ 89$;C;f:@F78?<F?H@<f9M<F8I8F$:;G$89$?7<$9:><$IC@$:==$STTT$G<I8;<G$Y]g9L$ h4/9ij-k**488-db.15b,-lhkdm-ICFH9<9$C;$><?7CG9$CI$97:@8;E$:$98;E=<$?@:;9>8998C;$ ><G8H>Lg<?DC@K$Y:A<@$ $ $ $$$$$$YYe$ X:?:$Y8;K$Y:A<@$ $ f f f f f f f f f f f f f f f f f $ $ W]e$ $ $ $ s7A98F:=$Y:A<@$ $ $ n9ci54-op--09q989b.-br-0+1+-29.3-2+745-
67<$G:?:$=8;K$=:A<@$M@CJ8G<9$?7<$IH;F?8C;:=$><:;9$?C$?@:;9I<@$G:?:$B<?D<<;$;<?DC@K$ <;?8?8<9$:;G$>8E7?$M@CJ8G<$?7<$><:;9$?C$G<?<F?$:;G$MC998B=A$FC@@<F?$<@@C@9$?7:?$>:A$ CFFH@$8;$?7<$M7A98F:=$=:A<@L$_C==CD8;E$:@<$9C><$CI$?7<$>:8;$9<@J8F<9$M@CJ8G<G$BA$G:?:$$ $ !
23$
3456789*+,-.+/40124*++ +
3456"789:;<" =>? @8,A1-BC"D5E8FGH78I4J5"JK"5:ILJ;6"789:;"M8I8"F8E6:IG"45IJ"K;8N:GO"85M"P;8N:" G95EQ;J54R8I4J5" S>? @T76+U7-587TC"P7JL"EJ5I;J7"M:87G"L4IQ"QJL"IJ"6::F"IQ:"K8GI"G:5M:;"K;JN" JV:;K7JL45W"8"G7JL";:E:4V:;"X9"XHKK:;45W"85M"8E65JL7:MW:N:5I"F;JE:MH;:G>" YQ4G"K7JL"EJ5I;J7"8I"M8I8"7456"789:;"4G"F;JV4M:M"45"8MM4I4J5"IJ"IQ:"J5:"F;JV4M:M" J5"IQ:"I;85GFJ;I"789:;>" Z>? [8878+.4542517-+,-.+278842517-+27.4*C"\8;4JHG"N:IQJMG"HG:M"KJ;":;;J;] M:I:EI4J5"85M"EJ;;:EI4J5G"8;:"^"_8;4I9"X4IO"E9E74E";:MH5M85E9"EQ:E6O"EQ:E6GHNO" `8NN45W"EJM:O":IE>"" 1>? aH7I4F7:"8EE:GG"F;JIJEJ7G"KJ;"EQ855:7]8EE:GG"EJ5I;J7" b>? _Q9G4E87"8MM;:GG45W"cade"8MM;:GG45Wf" g>? hH874I9"JK"i:;V4E:"chJif"EJ5I;J7"
jkjl [mmnm+/[o[Uopn3+q3/+Unmm[Uopn3+
r8I8"IQ8I"4G":4IQ:;"I;85GN4II:M"JV:;"EJNNH54E8I4J5"EQ855:7"J;"GIJ;:M"45"N:NJ;9"4G"5JI" EJNF7:I:79":;;J;"K;::>"Y;85GN4GG4J5"D;;J;G"N89"X:"E8HG:M"X9"N859";:8GJ5G"746:" i4W587"M4GIJ;I4J5"J;"8II:5H8I4J5O"G95EQ;J54R8I4J5"F;JX7:NGO"M4GIJ;I:M"EQ855:7O":IE>" D;;J;"M:I:EI4J5"85M"EJ;;:EI4J5G"8;:"ILJ"M4KK:;:5I"XHI";:78I:M"IQ45WO":;;J;"M:I:EI4J5"4G" IQ:"8X474I9"IJ"M:I:EI":;;J;G"XHI"IQ:":;;J;"EJ;;:EI4J5"Q8G"85"8MM4I4J587"K:8IH;:"IQ8I" :58X7:G"4M:5I4K4E8I4J5"85M"EJ;;:EI4J5"JK"IQ:":;;J;G>"D;;J;"M:I:EI4J5"87L89G"F;:E:M:G" :;;J;"EJ;;:EI4J5>"sJIQ"E85"X:"8EQ4:V:M"X9"Q8V45W":tI;8u";:MH5M85IuEQ:E6"X4IG"45" 8MM4I4J5"IJ"M8I8"M:MHE:"IQ8I"IQ:;:"4G"85":;;J;>" [8878+/4542517-+ v5"IQ:"KJ77JL45W"G:EI4J5"F8;4I9"X4I"85M"ewe"N:IQJMG"KJ;":;;J;"M:I:EI4J5"8;:"M4GEHGG:M>" x,815y+z15*+{45|7.+ _8;4I9"X4I"N:IQJM"4G"V:;9"G4NF7:":;;J;"M:I:EI4J5"N:IQJM"45"IQ:"M4W4I87"EJNNH54E8I4J5>" d"X458;9"M4W4I"E877:M"}F8;4I9~"4G"HG:M"IJ"45M4E8I:"LQ:IQ:;"IQ:"5HNX:;"JK"X4IG"L4IQ"}=~" 45"8"W4V:5"G:I"JK"X4IG"4G":V:5"J;"JMM>"YQ:"F8;4I9"X4I"4G"IQ:5"8II8EQ:M"IJ"J;4W4587"X4IG>"v5" IQ4G"N:IQJM"G:5M:;"8MMG"IQ:"F8;4I9"X4I"IJ":t4GI45W"M8I8"X4IG"X:KJ;:"I;85GN4GG4J5>"dI"IQ:" ;:E:4V:;"G4M:O"4I"EQ:E6G"KJ;"IQ:":tF:EI:M"F8;4I9O"4K"L;J5W"F8;4I9"KJH5MO"IQ:";:E:4V:M" M8I8"4G"M4GE8;M:M"85M";:I;85GN4GG4J5"4G";: H:GI:M>"vI"4G"8"V:;9"G4NF7:"GEQ:N:"IQ8I"E85" X:"HG:M"IJ"M:I:EI"G45W7:"J;"859"JIQ:;"JMMu:V:5"5HNX:;"JK":;;J;G"45"IQ:"JHIFHI>"" " YQ:"F8;4I9"X4I"4G"J579"GH4I8X7:"KJ;"M:I:EI45W":;;J;G "4I"E855JI"EJ;;:EI"859":;;J;GO"8G" IQ:;:"4G"5J"L89"IJ"M:I:;N45:"LQ4EQ"F8;I4EH78;"X4I"4G"EJ;;HFI:M>"YQ:"M8I8"NHGI"X:" M4GE8;M:M":5I4;:79O"85M";:]I;85GN4II:M"K;JN"GE;8IEQ>"PJ77JL45W"8;:"GJN:"JK"IQ:" :t8NF7:G"KJ;"F8;4I9"X4I"N:IQJMG<" " dGGHN:O"G:5M:;"L85IG"IJ"G:5M"GJN:"X4I"GI;:8NG"746:" =" = ="85M"= =" ==>"vK"L:"8;:" HG45W":V:5"F8;4I9"X4I"N:IQJMO"L:"L477"8MM"} ~"L4IQ"IQ:"X4I"GI:8N"Q8V45W":V:5"5HNX:;" JK"= G"JIQ:;L4G:"8MM"}=~>"iJ"JH;"X4I"GI:8NG"L477"X:"EQ85W:M"8KI:;"8MM45W"F8;4I9"X4I"8G" =" = =85M" = =" ==>"dI"IQ:";:E:4V:;"8W845"IQ:"5HNX:;"JK"= G"8;:"EJH5I:M"45"IQ:" J;4W4587"N:GG8W:O"4K"IQ:"F8;4I9"X4I"4G"N4GN8IEQ:M"L:"E85"G89"85":;;J;"Q8G"JEEH;;:M"45" IQ:"N:GG8W:>" HGI"746:"IQ:":V:5"F8;4I9"L:"N89"Q8V:"JMM"F8;4I9"X4I"N:IQJM>"_8;4I9"X4I" N:IQJM"Q8G"N859"74N4I8I4J5GO"746:"4I"E855JI"4M:5I4K9"IQ:":;;J;"4K"NJ;:"IQ85"J5:"X4I"Q8G" X::5"EQ85W:M"J;"F8;4I9"X4I"4IG:7K"Q8G"X::5"EQ85W:M"MH;45W"IQ:"I;85GN4GG4J5>"PH;IQ:;"4I" E855JI"M:I:;N45:"LQ4EQ"X4I"FJG4I4J5"Q8G"8"F;JX7:N>" " 11"
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`?DE>>=$OFA$ M@?P?DE>$QALLEPA$XHYK$?L$LA\E@EOAB$W@MQ$OFA$QMB?W?AB$QALLEPA$XHY]GKT$ $ aAO$CL$OEGA$ELLCQA$ED$AYEQ\>A$WM@$L?Q\>A$BA<?QE>$DCQVA@LZ$?W$=MC$REDO$OM$LADB$LMQA$ DCQVA@$LE=$bc$EDB$B?S?LM@$<MBA$?L$dT$`?@LOZ$QEGA$E>>$>APE>$QALLEPAL$B?S?L?V>A$V=$dT$$ `M@$OFEO$=MC$DAAB$OM$QC>O?\>=$V=$2$OM$PAO$2c$EDB$EBB$e$OM$QEGA$?O$B?S?L?V>A$V=$d$f$2eT$ UFAD$OFA$BEOE$?L$@A<A?SAB$EDB$B?S?BAB$V=$dZ$EDB$?W$OFA@A$?L$DM$@AQE?DBA@Z$?O$QAEDL$ OFA@A$?L$DM$A@@M@T$gW$DM$A@@M@Z$B?S?BA$V=$2$EDB$LA\E@EOA$?O$V=$e$OM$PAO$LADO$QALLEPAT$gW$RA$ @A<A?SA$2dZ$22Z$2bZ$2cZ$RA$<ED$LE=$OFA@A$?L$ED$A@@M@T$hCO$?W$23$?L$@A<A?SABZ$RA$R?>>$DMO$ VA$EV>A$OM$@A<MPD?^A$EL$ED$A@@M@T$$ $ UA$<ED$@A\@ALADO$DNV?O$QALLEPA$EL$ED$DNb$BAP@AA$\M>=DMQ?E>i$ATPTZ$Xfbccbbcbc$ <M@@AL\MDBL$OM$XHYK$f$Yj]$Y2$]$Yd$]$YbT$ $ ;BB$G$V?OL$MW$AYO@E$BEOE$OM$ED$DNV?O$QALLEPAT$ aAO$G$VA$OFA$BAP@AA$MW$LMQA$B?S?LM@$\M>=DMQ?E>$[HGKi$ATPTZ$[HGK$f$Yd]$Ye$]$bT$ $ $ XC>O?\>=$XHYK$f$Yj]$Y2$]$Yd$]$Yb$V=$YGi$WM@$MC@$AYEQ\>AZ$RA$PAO$ $Ybc$]$Yj$]$Yk$]$Y2$HbccbbcbccccKiB?S?BA$@ALC>O$V=$[HGK$HbbcbKi$
$ lADB$bccbbcbcccc$]$bcb$f$bccbbcbcbcbZ$L?D<A$OF?L$QCLO$VA$AYE<O>=$B?S?L?V>A$V=$ [HGKi$ !
$
23$
456789*+,-./,051235+,, ,
# 4567#899:;<#=>#?<@<=A<?#6=BB#?<@<=A<#8#;<998C<#6=DE#<??5?97#>5?#<F8;GB<#?<@<=A<?#E89# ?<@<=A<H#8#;<998C<#IJJIJIIJIJIK#
LM@B=@#@5H<9#E8A<#>8A5?8NB<#G?5G<?D=<9#=O#DE8D#DE<M#8?<#6<BB#9:=D<H#>5?#H<D<@D=OC#N:?9D# <??5?9K#LPL9#8?<#G8?D=@:B8?BM#<89M#D5#=;GB<;<OD#=O#E8?H68?<7#8OH#8?<#DE<?<>5?<# @5;;5OBM#:9<H#=O#H=C=D8B#O<D65?Q9#8OH#9D5?8C<#H<A=@<9#9:@E#89#E8?H#H=9Q#H?=A<9K# R9989,389953628., S8=OBM7#6<#E8A<#D65#<??5?#@5??<@D=5O#;<@E8O=9;9#5O<#=9#T:D5;8D=@#P<G<8D#?<U:<9D# 8OH#8O5DE<?#8GG?58@E#=9#5>#:9=OC#95;<#<??5?#@5??<@D=5O#@5H<9#B=Q<#E8;;=OC#@5H<K# VW68X-623,Y5Z5-6,Y5[W5+6, \D#=9#8O#<??5?#@5OD?5B#;<DE5H#>5?#H8D8#D?8O9;=99=5O#DE8D#;8Q<9#:9<#5>#<??5?]H<D<@D=5O# @5H<97#8@QO56B<HC;<OD#8OH^5?#O<C8D=A<#8@QO56B<HC;<OD#;<998C<97#8OH#D=;<5:D9#D5# C<D#?<B=8NB<#H8D8#D?8O9;=99=5OK#_<O<?8BBM7#6E<O#DE<#9<OH<?#H5<9#O5D#?<@<=A<#DE<# 8@QO56B<HC;<OD#N<>5?<#DE<#D=;<5:D#5@@:?97#=D#?<D?8O9;=D9#DE<#>?8;<#:OD=B#=D#=9#<=DE<?# @5??<@DBM#?<@<=A<H#5?#DE<#<??5?#G<?9=9D9#N<M5OH#8#G?<H<D<?;=O<H#O:;N<?#5># ?<D?8O9;=99=5O9K#`E?<<#DMG<9#5>#TPa#G?5D5@5B9#8?<#bD5G]8OH]68=D#TPa7#_5]c8@Q]4# TPa7#8OH#b<B<@D=A<#P<G<8D#TPa7#DE<9<#;<@E8O=9;9#6<#6=BB#9D:HM#>:?DE<?#=O#DE=9#:O=DK# 12#
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```_``_$F;E$ _`__```_$G<B=I$OFI$F$\FLLC;D$ECIBF;A=$?J$aK$]O=$LC;CLHL$\FLLC;D$ECIBF;A=$J?>$F$ A?E=$CI$BO=$ILFUU=IB$\FLLC;D$ECIBF;A=$G=BQ==;$FUU$NFC>I$?J$Q?>EI$C;$BO=$A?E=K$]O=$ LC;CLHL$\FLLC;D$ECIBF;A=$J?>$F$A?E=M$bcLC;dM$E=B=>LC;=I$CBI$=>>?>$E=B=ABC;D$F;E$ =>>?>$A?>>=ABC;D$AFNFGCUCB<K$\FLLC;D$A?E=I$AF;$efgfhg$bcLC;d$@$_$=>>?>I$F;E$A?>>=AB$ cbcLC;d$@$_$dij$=>>?>IK$$
k-----l64*3-m7n5-55795488-o-
_Kp qOFB$F>=$BO=$IHG@UF<=>I$?J$EFBF$UC;T$UF<=>r$WVNUFC;K$ ssssssssssssssssssssssssssssssss$ ssssssssssssssssssssssssssssssss$ ssssssssssssssssssssssssssssssss$ ssssssssssssssssssssssssssssssss$ jKp tCIB$BO=$I=>PCA=I$?J$EFBF$UC;T$UF<=>K$ ssssssssssssssssssssssssssssssss$ ssssssssssssssssssssssssssssssss$ ssssssssssssssssssssssssssssssss$ ssssssssssssssssssssssssssssssss$ aKp qOFB$CI$NF>CB<$GCB$L=BO?Er$WVNUFC;$CBI$HI=$QCBO$BO=$O=UN$?J$F;$=VFLNU=K$ ssssssssssssssssssssssssssssssss$ ssssssssssssssssssssssssssssssss$ ssssssssssssssssssssssssssssssss$ $ 2Kp WVNUFC;$BO=$HI=$?J$:HB?LFBCA$u=N=FB$u=SH=IB$C;$=>>?>$A?>>=ABC?;K$ ssssssssssssssssssssssssssssssss$ ssssssssssssssssssssssssssssssss$ ssssssssssssssssssssssssssssssss$ !
23$
456789*+,-./,051235+,, ,
4567 89:;,<40,=>>:>,?:4@>:9,
ABCDEFG#CBH#IE#JKGF#BHLMKN#CKNNOPFEL#LONQHR#FNBHGSQGGQKH#LOE#FK#TQF#JEUEJ#ENNKNG#BHL#JKGG# LOE#FK#CKHREGFQKHV#WE#OGE#CXECDGOSG#FK#LEFECF#IQF#JEUEJ#ENNKNGY#BHL#FK#SBQHFBQH# NEJQBIQJQFZ#QHFK#FXE#LBFB#FNBHGSQGGQKH#GFBRE#[E#OGE#\]^_`abcdecfc_gh#BHL#gifc`jgh#FK# GQRHBJ#JKGF#KN#CKNNOPF#kNBSEV##lH#BCDHK[JELRESEHF#mlnop#QG#B#PBCDEF#GEHF#IZ#KHE#XKGF# QH#NEGPKHGE#FK#B#PBCDEF#QF#XBG#NECEQUELV#l#FQSEKOF#QG#B#GQRHBJ#FXBF#BH#lno#FK#B#PBCDEF#FXBF# [BG#GEHF#XBG#HKF#ZEF#IEEH#NECEQUEL#[QFXQH#B#GPECQkQEL#FQSEkNBSEV#qH#FXQG#GECFQKH#[E#[QJJ# LQGCOGG#GEUENBJ#NEFNBHGSQGGQKH#GFNBFERQEGY#[XQCX#BNE#BJGK#CKHGQLENEL#BG#B#kJK[#CKHFNKJ# BHL#ENNKN#CKHFNKJ#SECXBHQGSV# r68s,-./,;-26, tXE#GEHLEN#BJJK[G#KHE#SEGGBRE#FK#IE#FNBHGSQFFELY#CXECDEL#kKN#ENNKNG#BHL#BH#BPPNKPNQBFE# lno#mAKGQFQUE#lCDHK[JELRESEHFp#KN#ulo#muERBFQUE#lCDHK[JELRESEHFp#NEFONHEL#FK# FXE#GEHLQHR#GFBFQKHV##uK#KFXEN#LBFB#SEGGBREG#CBH#IE#FNBHGSQFFEL#OHFQJ#FXE#NECEQUQHR# GFBFQKH#GEHLG#IBCD#B#NEPJZY#FXOG#FXE#HBSE#vtwA#BHL#Wlqt#QG#LENQUEL#kNKS#FXE# KNQRQHBFQHR#GFBFQKH#GEHLQHR#B#SEGGBREY#GFKPPQHR#kONFXEN#FNBHGSQGGQKH#BHL#[BQFQHR#kKN#B# NEPJZV#tXQG#GCXESE#QG#BJGK#GXK[H#QH#kQRONE#x#RQUEH#IEJK[V#
82yz95,{|,r68s,-./,;-26,}986838~,
#
qFG#SB KN#LNB[IBCD#QG#FXE#QLJE#JQHE#FQSE#FXBF#NEGOJFG#[XEH#FXE#GFBFQKHG#BNE#QH#FXE#[BQFQHR# PENQKLV##qk#FXE#lno#QG#JKGF#FXEH#FXE#GEHLQHR#GFBFQKH#NEFNBHGSQFG#FXE#GBSE#SEGGBRE#FK#FXE# NECEQUEN#GQLEV##tXE#NELOHLBHF#FNBHGSQGGQKH#CKOJL#PKGGQIJZ#CNEBFE#B#LOPJQCBFE#kNBSEV###l# FZPQCBJ#BPPNKBCX#FK#GKJUE#FXQG#PNKIJES#QG#FXE#PNKUQGQKH#kKN#B#GE OEHCE#HOSIEN#QH#FXE# XEBLEN#Kk#FXE#SEGGBREV##tXE#NECEQUEN#CBH#FXEH#CXECD#kKN#FXE#GE OEHCE#HOSIEN#FK# LEFENSQHE#Qk#FXE#SEGGBRE#QG#B#LOPJQCBFEV##tXE#vFKP#BHL#WBQF#SECXBHQGS#NE OQNEG#B#UENZ# GSBJJ#GE OEHCE#uOSIENY#GQHCE#KHJZ#KHE#SEGGBRE#QG#KOFGFBHLQHR#BF#BHZ#FQSEV##tXE# GEHLQHR#BHL#NECEQUQHR#GFBFQKH#KHJZ#OGE#B#KHE#IQF#BJFENHBFQHR#GE OEHCE#Kk# #BHL# #FK# SBQHFBQH#FXE#NEJBFQKHGXQP#Kk#FXE#FNBHGSQFFEL#SEGGBRE#BHL#QFG#lnoMulo#GFBFOGV# r~2/2.y,;2./87, , ENE#LBFB#BHL#CKHFNKJ#kNBSEG#kJK[#kNKS#GEHLEN#FK#NECEQUEN#QH#B#SKNE#CKHFQHOKOG#SBHHEN# BHL#GEUENBJ#kNBSEG#CBH#IE#KOFGFBHLQHR#BF#BHZ#KHE#FQSE#BG#LEPQCFEL#QH#kQRONE# V#lJJK[# SOJFQPJE#KOFGFBHLQHR#mOH lnoELp#kNBSEGV# PPEN#IKOHL#KH#OH lnoEL#kNBSEGY#CBJJEL# [QHLK[V#vEHLEN#HEELG#FK#IOkkEN#LBFB#GK#FXBF#Qk#LBFB#QG#JKGFY#QF#CBH#IE#NEGEHFV# ECEQUEN#HEELG#FK#IOkkEN#LBFB#GK#FXBF#Qk#LBFB#QG#NECEQUEL#KOF#Kk#KNLENY#QF#CBH#IE#XEJL#OHFQJ# BJJ#PBCDEFG#BNE#NECEQUEL#QH# JK[#CKHFNKJ#uE FY## K[#CBH#[E#PNEUEHF#GEHLEN#KUENkJK[QHR#NECEQUEN G#IOkkEN # ECEQUEN#FEJJG#GEHLEN#QFG#IOkkEN#GQ E#LONQHR#CKHHECFQKH#GEFOPV# 12#
0! 56789*+,-+./-0+1+-29.32+745-
697854-9:-;9<=,4-;,9/9.7->9./?@-;*64<4-
$
ABC$DEFGHIJDDJGK$HDFDJLG$IFJGDFJGH$F$HCGMJGK$NJGMLN$DBFD$IFJGDFJGH$DBC$GOIPCE$LQ$ QEFICH$JD$JH$RCEIJDDCM$DL$HCGM$DL$DBC$ECSCJTJGK$HDFDJLG$FGM$DBC$ECSCJTJGK$HDFDJLG$FUHL$ IFJGDFJGH$F$ECSCJTJGK$NJGMLN$DBFD$RCEQLEIH$SLIRUCICGDFEV$QOGSDJLGHW$$ABC$DNL$HJMCH$ OHC$DBC$NJGMLN$DL$SLLEMJGFDC$DBC$QULN$LQ$QEFICH$PCDNCCG$CFSB$LDBCEW$$ABC$NJGMLN$ NEFR$FELOGM$JH$OHCM$DL$ECOHC$DBC$HFIC$HCD$LQ$GOIPCEH$QLE$MJQQCECGD$QEFICHW$$$ABCEC$FEC$ HUJMJGK$NJGMLN$DCSBGJXOCHY$ ZW[ \L$]FS^$_$ `W[ aCUCSDJTC$bCRCFD$ c?-d+*3-e-ABJH$JH$F$HUJMJGK$NJGMLN$DCSBGJXOC$FH$HBLNG$JG$QJKOEC$2W$$fD$FUULNH$MFDF$FGM$SLGDELU$ ICHHFKCH$DL$PC$ DEFGHIJDDCM$SLGDJGOLOHUV$NJDBLOD$NFJDJGK$QLE$JDH$FS^GLNUCMKCICGD$QELI$DBC$ECSCJTCEW$ fG$DBC$CTCGD$LQ$CEELE$MCDCSDJLG$FD$DBC$ECSCJTJGK$HJMCg$DBC$CEELGCLOH$ICHHFKC$JH$ ECDEFGHIJDDCMg$FH$NCUU$FH$FUU$LDBCE$QEFICH$DBFD$NCEC$DEFGHIJDDCM$FQDCE$DBC$CEELGCLOH$ ICHHFKCW$$
697854-h:-c?-d+*3-e-;*64<4-
$
aCGMCE$BFH$DL$POQQCE$FUU$OGFS^GLNUCMKCM$RFS^CDHg$PCSFOHC$DBCV$IFV$ECXOJEC$ ECDEFGHIJHHJLGW$bCSCJTCE$IFV$PC$FPUC$DL$FSSCRD$LODiLQiLEMCE$RFS^CDHg$POD$LGUV$OR$DL$JDH$ POQQCE$UJIJDHW$ABC$HCGMCE$GCCMH$DL$HCD$DJICEH$JG$LEMCE$DL$^GLN$NBCG$DL$ECDEFGHIJD$F$ RFS^CD$DBFD$IFV$BFTC$PCCG$ULHD$ !
23$
456789*+,-./,051235+,, ,
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`FG=#>9=#;=F@=B#9E;# ;=F>#EOO#>9=#DBE<=;#:F#:>;#R:F@?RN#:>#B=V;=F@;#>9=#DBE<=#FS<K=B#Q:C=F#KP#>9=#\]^;N# EF@#>9=F#G?F>:FS=;#R9=B=#:>#O=D>#?DDH# # M?R#:D#R=#G?<AEB=#a=O=G>:C=#b=A=E>#K=9EC=;#:F#>9=#;E<=#REP#O:L=#J?VWEGLVM#N#:># EGG=A>;#R9=F#>9=#B=G=:C=B#B=G=:C=;#E#DBE<=#R9:G9#:;#?S>#?D#;=ZS=FG=N#:>#;=F@;#E# abcd[a=O=G>:C=#b=e=G>_#<=;;EQ=H#a=F@=B#B=>BEF;<:>;#?FOP#>9=#B=e=G>=@#AEGL=>#EF@# G?F>:FS=;#R:>9#?>9=B#AEGL=>;H#f=B=#:F#a=O=G>:C=#b=A=E>#<=>9?@#>9=#K?>9#>9=##### a=F@=Bg;#EF@#b=G=:C=Bg;#KSDD=B#;:T=#EB=#=ZSEO#>?#>9=#R:F@?R#;:T=H## # IF#>9=#D?OO?R:FQ#D:QSB=#1N#P?S#GEF#;==#>9E>#>9=#@:DD=B=FG=#K=>R==F#J?#WEGL#M#EF@# a=O=G>:C=#b=A=E>N#K=GES;=#?D#>9=#KSDD=B#DBE<=#1#EF@#hBE<=#i#EB=#;>?B=@#EF@#;=O=G>:C=OP# >9=#B=e=G>#<=;;EQ=#:;#;=F>#?FOP#D?B#DBE<=#j#[R9:G9#RE;#O?;>#:F#>BEF;<:;;:?F_#9?R=C=B# :F#J?#KEGL#M#>9=#B=e=G>#<=;;EQ=#:;#;=F>#D?B#EOO#jN#1#EF@#i#DBE<=;H#
# 12#
k2lm95,no,p8q7-92+8.,r56755.,6s5,t8,u-3*,4,-./,455536215,6575-6,q56s8/,
#
0! -29.36789:;<$=;>;?@$7A?7$7A;$<;@;B7:>;$=;C;?7$D;BA?E:<D$C=F98B;<$G=;?7;=$7A=F8GAC87$7A?E$ 56789*+,-+./-0+1+2+ 7457A;$HF$I?BJ$KL$$6;@;B7:>;$M;C;?7$D;BA?E:<D$=;N8:=;<$?99:7:FE?@$@FG:B$7F$D?:E7?:E$7A;$ <;N8;EB;$FO$7A;$=;B;E7$D;<<?G;$?E9$D;=G;$:7$:E7F$7A;$C=FC;=$C@?B;$?<$7A;$N8;8;$?7$7A;$ =;B;:>;=$;E9L$$
P-----Q64*3-RST5-55SU5488-V-
3LW XYC@?:E$7A;$:DCF=7?EB;$FO$6@:9:EG$Z:E9F[$C=F7FBF@L$\@<F]$^:<7$7A;$7_C;<$FO$ <@:9:EG$[:E9F[$7;BAE:N8;<L$ ````````````````````````````````$ ````````````````````````````````$ ````````````````````````````````$ ````````````````````````````````$ aLW b:<B8<<$7A;$[F=J:EG$FO$<;@;B7:>;$M;C;?7$D;7AF9L$\@<F]$BFDC?=;$:7$[:7A$Hc$$$$$$$ I?BJ$KL$ ````````````````````````````````$ ````````````````````````````````$ ````````````````````````````````$ ````````````````````````````````$
defg hi0jkh-lQQimm-Qnopqn2-rhlQs-mkt2lRiq-
uE$?E_$v=F?9B?<7$E;7[F=J]$J;_$:<<8;$:<$AF[$7F$9;7;=D:E;$[AF$G;7<$7F$8<;$7A;$BA?EE;@$ [A;E$7A;=;$:<$BFDC;7:7:FE$OF=$:7L$$wA;$C=F7FBF@<$8<;9$7F$9;7;=D:E;$[AF$GF;<$E;Y7$FE$?$ D8@7:x?BB;<<$BA?EE;@$v;@FEG$7F$?$<8vx@?_;=$FO$?$b?7?$^:EJ$^?_;=$B?@@;9$y\z$<8v@?_;=L$$
defe{gQS.14.19S.-t+84/-h4/9+-l**488-55S1S*S,8-
zFE7;E7:FE$:<$[A?7$A?CC;E<$?7$?$<7?OO$D;;7:EG$[A;E$<;>;=?@$C;FC@;$<7?=7$7F$<C;?J$?7$7A;$ <?D;$7:D;L$$uE$BFE7;E7:FE$C=F7FBF@]$EF$FE;$BFE7=F@<$8<?G;$FO$7A;$BFDD8E:B?7:FE$BA?EE;@L$$ $ \@@$[F=J<7?7:FE<$FE$?$BFE7;E7:FE$E;7[F=J$<A?=;$?$BFDDFE$7=?E<D:<<:FE$BA?EE;@L$$$ y;<<?G;<$?=;$v=F?9B?<7;9$FE$7A?7$BA?EE;@$?E9$D?_$v;$F>;=A;?=9$v_$?@@$?77?BA;9$ [F=J<7?7:FE<L$$\$[F=J<7?7:FE$=;<CFE9<$FE@_$7F$D;<<?G;$[:7A$:7<$?99=;<<L$y;<<?G;$ :E7;E9;9$OF=$F7A;=$EF9;<$?=;$:GEF=;9L$ $ y;<<?G;$7F$v;$7=?E<D:77;9$?=;$BFE>;=7;9$7F$C?BJ;7<$?E9$?=;$<;E7$[A;E$=;?9_]$[:7AF87$ >;=:O_:EG$7A;$?>?:@?v:@:7_$FO$7A;$BA?EE;@L$$ZA;E$7=?E<D:<<:FE$FO$?$<7?7:FE$F>;=@?C<$[:7A$ 7A?7$FO$?EF7A;=]$BF@@:<:FE$FBB8=<L$$$zF@@:9:EG$C?BJ;7<$[:7A$7A;:=$D;<<?G;<$?=;$ 9;<7=F_;9L$$
defeVgq+./S|-l**488-55S1S*S,8-
uE$=?E9FD$?BB;<<$?CC=F?BA]$?E_$<7?7:FE$:<$EF7$<8C;=:F=$7F$?EF7A;=$<7?7:FE$?E9$EFE;$:<$ ?<<:GE;9$7A;$BFE7=F@$F>;=$?EF7A;=L$\$<7?7:FE$[:7A$?$O=?D;$7F$v;$7=?E<D:77;9$B?E$8<;$7A;$ @:EJ$9:=;B7@_$v?<;9$FE$?$C=FB;98=;$9;O:E;9$v_$7A;$C=F7FBF@$7F$D?J;$?$9;B:<:FE$FE$ [A;7A;=$F=$EF7$7F$<;E9L$$ !
23$
456789*+,-./,051235+,, ,
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`Q<;IBL;#HBFF<=<BC=a#BG#;I@#E@GH@C;?P@#BJ#;I@#HI?CC@F# >?CAQ<A;I#;I?;#Q<FF#>@#L=@A#JBG#;G?C=D<;;<CP#JG?D@=#Q<;IBL;#HBFF<=<BC=O# , _I@#;IGBLPIEL;#`#[a#JBG#ELG@#U\]^U#<=#[#b#c#d#@#e2c##O#_I@#D?R<DLD#;IGBLPIEL;#<=# <=#@TL?F#;B#;I@#;G?JJ<H#FB?AO#:C#H?=@#BJ#[FB;;@A# [D?R#b#fOghi#QI@C#cb#`gj2aO#kI@G@N#ec# U\]^U#;I@#;IGBLPIEL;#<=#[#b#c#d#@c#?CA#;I@#D?R<DLD#;IGBLPIEL;#<=#[D?R#b#fOlmh# QI@C#c#b#gO#_I@#JBFFBQ<CP#J<PLG@#m#=IBQ=#;I@#A<JJ@G@C;#>@;Q@@C#ELG@#?CA#=FB;;@A# U\]^U#>?=@A#BC#;I@#;G?JJ<H#FB?A#?CA#;IGBLPIEL;O#
n2o595,pq,02rr595.6,s56755.,t595,-./,+Z8665/,67896,u+85935,72*2t5/2-v89ow,
xYy6zx0, {@JBG@#A<=HL==<CP#?>BL;#W[|UjW}#`W?GG<@G#[@C=@#|LF;<EF@#UHH@==#Q<;I#WBFF<=<BC# }@;@H;<BCaN#F@;#L=#J<G=;#A<=HL==#?>BL;#=<DEF@#W[|UO#W?GG<@G#[@C=@#|LF;<EF@#UHH@==# 12#
,
0! -29.36789:;$<=$>$9:7$?>@AB$CBDEDFD?$<G$HI<FI$>$GDJA$KAB<L<A=$EIA$>M=AGFA$DL$DEIAB$EB>LL<F$ 56789*+,-+./-0+1+2+ 745MALDBA$EB>G=N<EE<GO$DG$>$=I>BAJ$EB>G=N<==<DG$NAJ<PNQ$RABAS$EIA$7>BB<AB$8AG=A$NA>G=$ EIA$L>FE$EI>E$>$EB>G=N<EEAB$P=A=$LAAJM>FT$LBDN$>$BAFA<KAB$MALDBA$EB@<GO$ED$=AGJ$>G@$ NA==>OAQ$UL$>$F>BB<AB$<=$=AG=AJS$EIA$=E>E<DG$H><E=$LDB$EIA$EB>G=N<==<DG$<G$CBDOBA==$ED$ L<G<=I$MALDBA$<G<E<>E<GO$<E=$DHG$EB>G=N<==<DGQ$:GJ$EIA$9P?E<C?A$:FFA==$NA>G=$EI>E$ NP?E<C?A$=E>E<DG=$>BA$=AGJ<GO$>GJ$BAFA<K<GO$DG$EIA$=>NA$NAJ<PNQ$V>=AJ$DG$J<LLABAGE$ =<EP>E<DG=$DL$NAJ<PN$?<TA$NAJ<PN$MP=@$DB$<J?A$J<LLABAGE$789:$CBDEDFD?=$I>=$MAAG$ JA=<OGAJ$?<TA$GDGWXAB=<=EAGE$789:S$YWXAB=<=EAGE$789:$>GJ$CWXAB=<=EAGE$789:Q$:??$ EIA=A$E@CA=$DL$789:$I>KA$<GALL<F<AGF@$<G$EABN$DL$FD??<=<DG$JAEAFE<DGQ$:==PNA$EI>E$>$ FD??<=<DG$I>=$DFFPBBAJS$EI>G$EIA$FI>GGA?$<=$PG=E>M?A$PGE<?$FD??<J<GO$C>FTAE=$I>KA$MAAG$ LP??@$EB>G=N<EEAJQ$:$=E>GJ>BJ=$>GJ$BP?A=$GAAJ$ED$MA$FBA>EAJ$LDB$=E>E<DG=$?<TA$HIAG$EIA@$ FDP?J$=AGJ$J>E>$>GJ$HIAG$EIA@$FDP?J$GDEQ$$ $ ZI<=$=E>GJ>BJ$<G$789:$<=$7>BB<AB$8AG=A$9P?E<C?A$:FFA==$H<EI$7D??<=<DG$[AEAFE<DGS$ BALABBAJ$ED$>=$789:\7[Q$$ $ ZD$>KD<J$FD??<=<DGS$789:\7[$FDNCA?$=E>E<DG=$ED$]?<=EAG^$ED$EIA$FI>GGA?$MALDBA$ =AGJ<GO$<G$DBJAB$ED$N>TA$=PBA$EI>E$GD$DEIAB$ID=E$DG$EIA$H<BA$<=$=AGJ<GOQ$_IAG$EIA$ FI>GGA?$<=$GDE$MP=@S$=E>E<DG$N>@$=AGJ$<E=$J>E>Q$ZIA$=AGJAB$H<??$EIAG$FDGE<GPA$ED$?<=EAGS$ ED$N>TA$=PBA$EI>E$=AGJ<GO$EIA$J>E>$I>KA$GDE$F>P=AJ$>$FD??<=<DGQ$UL$>$FD??<=<DG$<=$IA>BJS$ =AGJAB=$H<??$=AGJ$>$`>N$=<OG>?$DKAB$EIA$GAEHDBTQ$ZI<=$`>N$=<OG>?$<GJ<F>EA=$ED$>??$DEIAB$ JAK<FA=$DG$EIA$GAEHDBT$=AONAGE$EI>E$EIABA$I>=$MAAG$>$FD??<=<DGS$>GJ$EIA@$=IDP?J$GDE$ =AGJ$J>E>$DGED$EIA$FI>GGA?Q$:LEAB$=AGJ<GO$EIA$`>N$=<OG>?S$A>FI$DL$EIA$=AGJAB=$H<??$H><E$ >$B>GJDN$>NDPGE$DL$E<NA$MALDBA$MAO<GG<GO$EIA$AGE<BA$CBDFA==$DKABQ$789:\7[$ 67>BB<AB$8AG=A$9P?E<C?A$:FFA==$H<EI$7D??<=<DG$[AEAFE<DG;$_I<?A$BAJPF<GO$FI>GGA?$ H>=E>OAQ$UE$<=$H<JA?@$P=AJ$LDB$MP=$EDCD?DO@$a:b=$6Uccc$defQ3S$cEIABGAE;Q$
ghihgj5k,,9.l-m+84/-nop-55k1k*k,8-
XD??<GO$<GKD?KA=$EIA$FI>GGA?$FDGEBD?$DL$>??$HDBT=E>E<DG=$<G$>$GAEHDBTQ$$$ZIA$CB<N>B@$ HDBT=E>E<DG$HI<FI$>FE=$?<TA$>$EA>FIAB$OD<GO$JDHG$EIA$BDH=$DL$EIA$F?>==$BDDN$>=T<GO$A>FI$ =EPJAGE$LDB$IDNAHDBTQ$$_IAG$DGA$=EPJAGE$I>=$>G=HABAJS$EIA$GAqE$<=$O<KAG$>$FI>GFA$ED$ BA=CDGJQ$:$CD??<GO$GAEHDBT$FDGE><G=$EHD$F?>==A=$DL$HDBT=E>E<DG=S$EIA$CB<N>B@$ HDBT=E>E<DG$>GJ$EIA$NP?E<C?A$=AFDGJ>B@$HDBT=E>E<DG=$FDGGAFEAJ$ED$<EQ$$:$MPLLAB$EI>E$F>G$ EANCDB>B<?@$=EDBA$NA==>OA=$<=$>==DF<>EAJ$H<EI$A>FI$=AFDGJ>B@$HDBT=E>E<DGQ$$_IAG$>$ HDBT=E>E<DG$I>=$<GLDBN>E<DG$ED$EB>G=N<ES$EIA$J>E>$<=$C>==AJ$ED$EIA$MPLLABQ$$ZIA$LB>NA=$>BA$ IA?J$PGE<?$EIA$FAGEB>?$FDGEBD??AB$CD??=$EIA$HDBT=E>E<DGQ$$ $ rD??DH<GO$>BA$EHD$CD==<M<?<E<A=$LDB$EIA$C>EI$DL$>$NA==>OA$LBDN$=DNA$ED$JA=E<G>E<DG$ HDBT=E>E<DGs$ tu :??$NA==>OA=$N>@$MA$BAvP<BAJ$ED$C>==$ED$EIA$FAGEB>?$HDBT=E>E<DGS$HI<FI$BDPEA$ EIAN$ED$EIA<B$JA=E<G>E<DGQ$ tu 9A==>OA=$N>@$MA$=AGE$J<BAFE?@Q$ XD??<GO$EAFIG<vPA$F>G$MA$=><J$ED$N><GE><G$>$E<OIE$FDGEBD?$DKAB$EIA$GAEHDBT$BA=DPBFA=$$$$ EI>G$JD$FDGEAGE<DG$M>=AJ$CBDEDFD?=Q$$ wk34.-5+889.lZIA$GAEHDBT$FDGE<GPDP=?@$F<BFP?>EA=$>$=CAF<>?$M<E$C>EEABG$TGDHG$>=$>$EDTAG$>NDGO$>??$EIA$ GDJA=$<G$EIA$GAEHDBTQ$$ $ c>FI$EDTAG$FDGE><G=$GAEHDBT$<GLDBN>E<DGS$FDNCB<=<GO$DL$>$IA>JABS$>$J>E>$L<A?J$>GJ$>$ EB><?ABQ$$$:G@$GDJA$H<??<GO$ED$=AGJ$>$LB>NA$I>=$ED$OB>M$>$EDTAG$L<B=EQ$:LEAB$>$GDJA$I>=$ F>CEPBAJ$>$EDTAG$<E$EB>G=N<E=$<E=$LB>NAQ$$ZIA$LB>NA$<=$BA?>@AJ$M@$>??$<GEABNAJ<>EA$GDJA=$ E<??$<E$BA>FIA=$JA=E<G>E<DGS$HIAG$<E$<=$FDC<AJQ$bDH$?AE$P=$E>?T$>MDPE$=DNA$=E>GJ>BJ=Q$ !
23$
456789*+,-./,051235+,, ,
4565789:::,;6-./-9/,<=>54,-./,:6?59.56,
@A#BCDC#EFGHIEJ#KDLMNOPCK#QRSNOT#ULNVVPDV#FDDO#GBWAPSWD#HLLDCCIEXWWPCPXO#JDADLAYZ## [MDO#CANAPXO#\NOAC#AX#AVNOCKPA]#PA#WPCADOC#AX#AMD#LN^WDZ##@_#AMD#LN^WD#PC#^BC`]#AMD#CANAPXO# \NPAC#BOAPW#PA#aXDC#PTWD]#XAMDV\PCD#PA#AVNOCKPAC#PKKDTPNADW`Z##@_#A\X#XV#KXVD#CANAPXOC# CPKBWANODXBCW`#^DaPO#AVNOCKPAAPOa#XO#NO#PTWD#LN^WD#AMD`#\PWW#LXWWPTDZ###HWW#LXWWPTPOa# CANAPXOC#AMDO#ADVKPONAD#AMDPV#AVNOCKPCCPXOC]#\NPA#N#VNOTXK#APKD#NOT#VDSDNA#AMD#\MXWD# SVXLDCC#NWW#XbDV#NaNPOZ##
4565689:::,;6-./-9/,<=>57,c8*5.,de+,
fXgDO#^BC#LXK^PODC#_DNABVDC#X_#QAMDVODA#NOT#AXgDO#VPOa#UTPCLBCCDT#PO#AMD#ODRA#CDLAPXOYZ## @A#LXK^PODC#AMD#SM`CPLNW#LXO_PaBVNAPXO#X_#QAMDVODA#U^BC#AXSXWXa`Y#NOT#LXWWPCPXO#_VDD# USVDTPLAN^WD#TDWN`Y#_DNABVD#X_#AXgDO#VPOaZ##fXgDO#^BC#PC#N#SM`CPLNW#^BC#AMNA#XSDVNADC#NC# WXaPLNW#VPOa#BCPOa#AXgDOCZ## # @A#PC#N#WPODNV#LN^WD#XOAX#\MPLM#AMD#CANAPXOC#NVD#NAANLMDTZ##[MDO#AMD#WXaPLNW#VPOa#PC# POPAPNWPCDT],AMD#MPaMDCA#OBK^DVDT#CANAPXO#KN`#CDOT#AMD#_PVCA#_VNKD#N_ADV#PA#PC#TXOD]#PA# SNCCDC#SDVKPCCPXO#AX#PAC#PKKDTPNAD#ODPaM^XBV#^`#CDOTPOa#AMD#ODPaM^XBV#N#CSDLPNW# LXOAVXW#_VNKD#LNWWDT#N#AXgDOZ## # fMD#AXgDO#SVXSNaNADC#NVXBOT#AMD#WXaPLNW#VPOa#\PAM#XOW`#AMD#AXgDO#MXWTDV#^DPOa# SDVKPAADT#AX#AVNOCKPA#_VNKDCZ###FPOLD#XOW`#XOD#CANAPXO#NA#N#APKD#MXWTC#AMD#AXgDO]# LXWWPCPXOC#TX#OXA#XLLBVZ####
4565h89:::,;6-./-9/,<=>56,c8*5.,i2.j,
@O#N#AXgDO#VPOa]#AMD#AXgDO#LPVLBWNADC#NVXBOT#AMD#VPOa#\MDODbDV#NWW#CANAPXOC#NVD#PTWDZ##[MDO# N#CANAPXO#\NOAC#AX#AVNOCKPA#N#_VNKD]#PA#PC#VDkBPVDT#AX#CDPlD#AMD#AXgDO#NOT#VDKXbD#PA#_VXK# AMD#VPOa#^D_XVD#AVNOCKPAAPOaZ###fMPC#NLAPXO#PC#TXOD#^`#PObDVAPOa#N#CPOaWD#^PA#PO#AMD#mn^`AD# AXgDO#\MPLM#POCANOAW`#LMNOaDC#PA#POAX#AMD#_PVCA#m#^`ADC#X_#N#OXVKNW#TNAN#_VNKDZ##oDLNBCD# AMDVD#PC#XOW`#XOD#AXgDO]#XOW`#XOD#CANAPXO#LNO#AVNOCKPA#NA#N#aPbDO#POCANOA]#AMBC#CXWbPOa#AMD# LMNOODW#NLLDCC#SVX^WDKZ##
4565p8q//95++,i5+8re628.,s986838r,tqisu,
[D#MNbD#CDDO#AMNA#@v#NTTVDCC#KNgDC#AMD#NTTVDCCPOa#BOP_XVK#XO#AMD#@OADVODAZ#wXBAPOa#X_# SNLgDAC#PC#TXOD#BCPOa#AMD#@v#NTTVDCCDC#X_#AMD#SNLgDAZ#xX\DbDV]#LXKKBOPLNAPXO#PO#N#WXLNW# ODA\XVg#PC#^VXNTLNCA]#\MPLM#PC#TXOD#BCPOa#SM`CPLNW#NTTVDCCZ#fMDVD_XVD]#\MDO#AMD#SNLgDA# VDNLMDC#AMD#TDCAPODT#ODA\XVg]#AMDVD#KBCA#^D#N#SVXLDCC#X_#X^ANPOPOa#AMD#SM`CPLNW#NTTVDCC# LXVVDCSXOTPOa#AX#PAC#@v#NTTVDCC]#X_#N#LXKSBADV#PO#XVTDV#AX#_PONWW`#TDWPbDV#AMD#TNANaVNK#AX# AMD#TDCAPODT#LXKSBADVZ#fMD#SM`CPLNW#NTTVDCC#LXVVDCSXOTPOa#AX#NO#@v#NTTVDCC#PC#VDCXWbDT# ^`#BCPOa#NTTVDCC#VDCXWBAPXO#SVXAXLXW#UHwvYZ#Hwv#KNSC#aPbDO#@v#NTTVDCC#AX#N#SM`CPLNW# NTTVDCC#NC#CMX\O#PO#AMD#yPaBVD#z{#@A#ANgDC#MXCA|C#@v#NTTVDCC#NC#POSBA#NOT#aPbDC#PAC# SM`CPLNW#NTTVDCC#NC#XBASBAZ##
#
}2je95,p~,qis, - +,6?5,9s,-//95++,68,6?5, ? +23-r,-//95++,
# 12#
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
YZ[Z\]^3_3473,`..4377,^37a+b08a-,44a0a9a+,c^`^4d,
T>F9#I@B=BJBK#I<@MB@;9#=><#eBS#<V8J=KA#BIIB9F=<#=B#567L##G=#;8I9#8#I>A9FJ8K#8HH@<99#=B# F=9#G7#8HH@<99#89#9>BED#FD#fFP:@<#gL#h><@<#F9#=>F9#D<<H<HR#5#DBH<#F9#9:IIB9<H#=B#>8?<# F=9#G7#8HH@<99#9=B@<H#BD#F=9#>8@H#HF9CL#iBE<?<@N#=><@<#8@<#9F=:8=FBD9#E><D#=><#>B9=#;8A# DB=#>8?<#>8@H#HF9C#8=#8KKN#MB@#<V8;IK<#8#HF9CK<99#EB@C9=8=FBDL#j:=#8K9BN#E><D#8#>B9=#F9# S<FDP#JBDD<J=<H#=B#=><#D<=EB@C#MB@#=><#MF@9=#=F;<N#8=#8KK#9:J>#=F;<9N#8DH#8#>B9=#HB<9#DB=# CDBE#F=9#G7#8HH@<99L#GD#=>8=#J89<N#6567#MFDH#B:=#=><#G7#8HH@<99N#=>F9#I@BJ<99#F9#9>BED#FD# fFP:@<#gL#
#
k8lb43,\m,^`^4,n*o7,053,o56789*+,*..4377,0a,053,p4,*..4377,
q,,,,,r5392,sab4,44al4377,Y,
tLu vB;I8@<#=><#T>@B:P>I:=#BM#I:@<#8DH#9KB==<H#5wxi5L# yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy# yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy# yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy# zLu {VIK8FD#=><#D<<H#BM#6567L# yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy# yyyyyyyyyyyyyyyyyyyyyyyyyyyyyyyy#
YZ|] }~ `^s,
5M=<@#9=:HAFDP#=>F9#:DF=N#E<#8@<#9:@<#=>8=#AB:#:DH<@9=BBH#=><#9<@?FJ<9#8DH#I@B=BJBK#BM# H8=8#KFDC#K8A<@L#{99<D=F8KKA#F=#I@B?FH<9#=><#M:DJ=FBD8K#;<8D9#=B#=@8D9M<@#H8=8#S<=E<<D# D<=EB@C#<D=F=F<9#8DH#;FP>=#I@B?FH<#=><#;<8D9#=B#H<=<J=#8DH#IB99FSKA#JB@@<J=#<@@B@9#=>8=# ;8A#BJJ:@#FD#=><#I>A9FJ8K#K8A<@L#h<#>8?<#S@F<MKA#HF9J:99<H#?8@FB:9#;<=>BH9#:9<H#MB@# <@@B@ H<=<J=FBD#8DH#JB@@<J=FBD9#8@<#Q#78@F=A#SF=N#JAJKFJ#@<H:DH8DJA#J><JCN#i8;;FDP# JBH<N#<=JL#GD#=>F9#:DF=#AB:#>8?<#9=:HF<H#9B;<#MKBE#JBD=@BK#8DH#<@@B@#JBD=@BK# ;<J>8DF9;#=B#<D9:@<#=><#@<KF8SFKF=A#BM#JB;;:DFJ8=FBDL#GD#=>F9#:DF=#AB:#>8?<#9=:HF<H# 9KFHFDP#EFDHBE#;<J>8DF9;9#;8FDKA#:9<H#MB@#MKBE#JBD=@BK#8=#H8=8#KFDC#K8A<@L#59#AB:# CDBE#=>8=#=><#C<A#F99:<#F9#>BE#=B#H<=<@;FD<#E>B#P<=9#=B#:9<#=><#J>8DD<K#E><D#=><@<#F9# !
22#
456789*+,-./,051235+,, ,
456789:9:5;#<5=#:9>##?;#9@:A#B;:9C#D8#@EF8#A9BG:8G#9@8#7=59545HA#BA8G#95#G898=6:;8#D@5# I58A#;8J9#5;#E#6BH9:KE448AA#4@E;;8H>#?;#9@8#8;G#5<#9@:A#B;:9#D8#@EF8#A9BG:8G#EGG=8AA# =8A5HB9:5;#7=59545HA#95#6E7#L89D88;#?M#EGG=8AA8A#E;G#9@8#7@NA:4EH#EGG=8AA8A#5<#9@8# 6E4@:;8A># #
OPQ,,,RSTSRS4USVWTXRYZSR,RS[0\4],
^>_ x>_ z>_ s>_ 1>_ 2>_ >_ #
`abcdefghifejagklC#m>#n>#opqfqrpdb#s9@#tG:9:5;C#M=E49:48#uEHH#5<#?;G:EC#v8D# w8H@:>#xyyz># {qega|d}e~aqheah peph`abbdq~}pe~aqh hifejagk~q #z=G#tG:9:5;C# 8@=5B # 5=5B E;C# E9E# 4 =ED#u:HH># `abcdefghifejagk~q C# > ># B=5A8# # > ># 5AAC#m# 57#w5D;#m77=5E4@# 8E9B=:;I#9@8#?;98=;89C#M8E=A5;#tG:9:5;C#xyyz># `abbdq~}pe~aqlhifejagklC# 85;# E=4:EC#E;G# :G E EC# E9E# 4 =ED#u:HHC# xyyy># pephpq|h`abcdefgh`abbdq~}pe~aql # :HH:E;#n9EHH:;IAC#29@#tG:9:5;C#M8E=A5;# tGB4E9:5;C#v8D#w8H@:>## DDD>#D: :78G:E>5=I# E==N# >#M898=A5;Ch`abcdefghifejagkl #m#nNA986A#m77=5E4@C#z=G#tG:9:5;# @8# 5=IE;# EB<6E;;#n8=:8A#:;#v89D5= :;I >##
OP , V XY\ 4VW[4V SRV,
,,,,,U 53*, 8 9, 98 95++, ,
^>_ wE9E#H:; #HEN8=#:A#G:F:G8G#:;95#9D5#ABLHEN8=A# #E;G# m ># 8 23-¡, 2.*, U8.698¡# #45;48=;8G#D:9@#7=5F:G:;I#E#=8H:ELH8#4566B;:4E9:5;#7E=9#L89D88;# 9D5#G8F:48A>###?9#:A#EHA5#:;F5HF8G#D:9@#<H5D#45;9=5H#E;G#A8¢B8;4:;I>## @8# #:A# ;5;KE=4@:9849B=8KA784:<:4#E;G#:A#9@8#AE68#<5=#EHH#?ttt#G8<:;8G# mvA>#£5/2 ¤, [335++,U8.698¡,¥£[U¦,<54BA8A#5;#689@5GA#5<#A@E=:;I#E#A:;IH8#9=E;A6:AA:5;# 68G:B6>, # x>_ 5HH5D:;I#E=8#A8=F:48A#7=5F:G8G#LN#GE9E#H:; #HEN8= # : _ T9-¤2. §#t;4E7ABHE9:5;#5<#;89D5= #HEN8=#GE9E#7E4 89A#:;95#<=E68AC#E;G# =E68#AN;4@=5;: E9:5;# :: _ T¡87,U8.698¡§# H5D#45;9=5H#G8EHA#D:9@#@5D#95# 887#9@8#<EA9#A8;G8=#<=56# 5F8=<H5D:;I#E#AH5D#=848:F8=#LN#LB<<8=:;I#E;G#E4 ;5DH8GI868;9# 7=548GB=8A># @:A#<H5D#45;9=5H#E9#GE9E#H:; #HEN8=#:A#7=5F:G8G#:;#EGG:9:5;#95# 9@8#5;8#7=5F:G8G#5;#9@8#9=E;A75=9#HEN8=># ::: _ S9989,/5653628.,-./,389953628.,38/5+§#¨E=:5BA#689@5GA#BA8G#<5=#8==5=K G89849:5;#E;G#45==849:5;A#E=8#©#ME=:9N#L:9C#4N4H:4#=8GB;GE;4N#4@84 C# 4@84 AB6C#uE66:;I#45G8C#894>## :F _ BH9:7H8#E448AA#7=59545HA#<5=#4@E;;8HKE448AA#45;9=5H# F _ M@NA:4EH#EGG=8AA:;I# m #EGG=8AA:;I # F: _ ªBEH:9N#5<#n8=F:48# ª5n #45;9=5H# z>_ ME=:9N#L:9#689@5G#:A#F8=N#A:67H8#8==5=#G89849:5;#689@5G#:;#9@8#G:I:9EH# 4566B;:4E9:5;>#m#L:;E=N#G:I:9#4EHH8G#«7E=:9N¬#:A#BA8G#95#:;G:4E98#D@89@8=#9@8# ;B6L8=#5<#L:9A#D:9@#«^¬#:;#E#I:F8;#A89#5<#L:9A#:A#8F8;#5=#5GG># @8#7E=:9N#L:9#:A#9@8;# E99E4@8G#95#5=:I:;EH#L:9A>#mAAB68#A8;G8=#DE;9#95#A8;G#A568#L:9#A9=8E6A#H: 8#yy^# y^y^#E;G#^y^#yy^^>#?<#D8#E=8#BA:;I#8F8;#7E=:9N#L:9#689@5GC#D8#D:HH#EGG#«y¬#D:9@#
12#
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`$OBC6CNCM;$<B8$L6CO[<?H[G<:6$ T_`U$]C[a<NW[b$T_`U$<?H$L8M8N6:>8$_8O8<6$T_`U$678;8$=8N7<?:;=;$G8$G:MM$ ;6AHP$DAB678B$:?$67:;$A?:6K$
c-----d64*3-efg5-55fh5488-i-
EKY Z?$LM:H:?@$j:?HCG$H<6<$<?H$NC?6BCM$DB<=8;$DMCG$DBC=$;8?H8B$6C$B8N8:>8B$:?$<$ =CB8$NC?6:?ACA;$=<??8B$<?H$;8>8B<M$DB<=8;$N<?$98$CA6;6<?H:?@$<6$<?P$C?8$6:=8K$ TMMCG$=AM6:OM8$CA6;6<?H:?@$kA?[Tlm8Hn$DB<=8;K$oOO8B$9CA?H$C?$A?[Tlm8H$ DB<=8;U$N<MM8H$G:?HCGK$L8?H8B$?88H;$6C$9ADD8B$H<6<$;C$67<6$:D$H<6<$:;$MC;6U$:6$N<?$ 98$B8;8?6K$_8N8:>8B$?88H;$6C$9ADD8B$H<6<$;C$67<6$:D$H<6<$:;$B8N8:>8H$CA6$CD$CBH8BU$:6$ N<?$98$78MH$A?6:M$<MM$O<NW86;$<B8$B8N8:>8H$pMCG$NC?6BCMK$^78$6B<?;=:66:?@$;6<6:C?$ =<:?6<:?;$<$;8?H:?@$G:?HCG$67<6$=<:?6<:?;$678$?A=98B$CD$DB<=8;$:6$:;$O8B=:668H$ 6C$;8?H$6C$678$B8N8:>:?@$;6<6:C?$<?H$678$B8N8:>:?@$;6<6:C?$<M;C$=<:?6<:?;$<$ B8N8:>:?@$G:?HCG$67<6$O8BDCB=;$NC=OM8=8?6<BP$DA?N6:C?;K$$^78$6GC$;:H8;$A;8$ 678$G:?HCG$6C$NCCBH:?<68$678$DMCG$CD$DB<=8;$986G88?$8<N7$C678BK$$^78$G:?HCG$ GB<O$<BCA?H$:;$A;8H$6C$B8A;8$678$;<=8$;86$CD$?A=98B;$DCB$H:DD8B8?6$DB<=8;K$$$$ ! ^78B8$<B8$;M:H:?@$G:?HCG$68N7?:qA8;r$ ! ]C$a<NW$b$ L8M8N6:>8$_8O8<6$ $ sKY ^7:;$=867CH$OBC>:H8;$DCB$<$=CB8$B8D:?8H$<OOBC<N7K$Z?$NC?6B<;6$6C$678$]C$9<NW$ bU$678$C?MP$=8;;<@8;$B86B<?;=:668H$<B8$67C;8$DCB$G7:N7$?8@<6:>8$ <NW?CGM8H@8=8?6$:;$B8N8:>8HK$Z?$67:;$678$;8?H:?@$OBCN8;;$NC?6:?A8;$6C$;8?H$<$ ?A=98B$CD$DB<=8;$;O8N:D:8H$9P$<$G:?HCG$;:t8$8>8?$<D68B$<$DB<=8$MC;;K$o?M:W8$ ]C[a<NW[bU$678$B8N8:>:?@$OBCN8;;$G:MM$NC?6:?A8$6C$<NN8O6$<?H$<NW?CGM8H@8$ DB<=8;$;8?6$<D68B$<?$:?:6:<M$8BBCBu$67:;$:;$678$@8?8B<M$N<;8$CD$678$;M:H:?@$G:?HCG$ OBC6CNCM$G:67$9C67$6B<?;=:6$<?H$B8N8:>8$G:?HCG$;:t8;$@B8<68B$67<?$EK$ $ ^78$B8N8:>8B$OBCN8;;$W88O;$6B<NW$CD$678$;8qA8?N8$?A=98B$CD$678$8<BM:8;6$DB<=8$:6$ 7<;$?C6$B8N8:>8HU$<?H$;8?H;$67<6$?A=98B$G:67$8>8BP$<NW?CGM8H@8=8?6$kTlmn$:6$ ;8?H;K$ZD$<$DB<=8$DBC=$678$;8?H8B$HC8;$?C6$B8<N7$678$B8N8:>8BU$678$;8?H8B$ NC?6:?A8;$6C$;8?H$;A9;8qA8?6$DB<=8;$A?6:M$:6$7<;$8=O6:8H$:6;$G:?HCGK$^78$ B8N8:>8B$NC?6:?A8;$6C$D:MM$:6;$B8N8:>:?@$G:?HCG$G:67$678$;A9;8qA8?6$DB<=8;U$ B8OMP:?@$8<N7$6:=8$G:67$<?$Tlm$NC?6<:?:?@$678$;8qA8?N8$?A=98B$CD$678$8<BM:8;6$ =:;;:?@$DB<=8K$v?N8$678$;8?H8B$7<;$;8?6$<MM$678$DB<=8;$:?$:6;$G:?HCGU$:6$B8[;8?H;$ 678$DB<=8$?A=98B$@:>8?$9P$678$Tlm;U$<?H$678?$NC?6:?A8;$G78B8$:6$M8D6$CDDK$ $ bCG$:D$G8$NC=O<B8$L8M8N6:>8$_8O8<6$987<>8;$:?$678$;<=8$G<P$M:W8$]C[a<NW[b$U$ :6$8wN8O6$G78?$678$B8N8:>8B$B8N8:>8;$<$DB<=8$G7:N7$:;$CA6$CD$;8qA8?N8U$:6$;8?H;$<$ L_xVkL8M8N6:>8$_8y8N6n$=8;;<@8K$L8?H8B$B86B<?;=:6;$C?MP$678$B8y8N68H$O<NW86$ <?H$NC?6:?A8;$G:67$C678B$O<NW86;K$z8B8$:?$L8M8N6:>8$_8O8<6$=867CH$678$9C67$678$ $$$$ L8?H8BF;$<?H$_8N8:>8BF;$9ADD8B$;:t8$<B8$8qA<M$6C$678$G:?HCG$;:t8K$$ !
23$
456789*+,-./,051235+,, ,
12#
4,,,,,5653*,7889,998:95++,;,
<=> ?@ABCD@ECF#GH#F@I#EIAJIKFLDI#BM#F@I#FALKHNGFFIO#MALNIH#F@LF#LAAGPI#HCJJIHHMCQQR# STGF@BCF#JBQQGHGBKHU#BA#F@I#EIAJIKFLDI#BM#F@I#J@LKKIQ#VLKOTGOF@#F@LF#TGQQ#VI# CHIO#MBA#FALKHNGFFGKD#M_A`L]#NI H#TGF@BCF#JBQQGHGBKH=#?@I#F@ABCD@ECF#S#WU#MBA#ECAI# XYZ[X#GH#W#\#]#^#I# #=#?@I#NLaGNCN#F@ABCD@ECF#GH#WNLa#\#b=<2c#T@IK#]\# S<d`U=#e@IAIf#]#GH#IgCL_Q#]FB#F@I#FALMMGJ#QBLO=#hK#JLHI#BM#WQBFFIO#XYZ[X#F@I# F@ABCD@ECF#GH#W#\#]#^#I #LKO#F@I#NLaGNCN#F@ABCD@ECF#GH#WNLa#\#b=ij2#T@IK#]# \#<=## `=> kXkl#NLEH#L#E@RHGJLQ#LOOAIHH#FB#GFH#hl#LOOAIHH=#e@IAI#GH#F@GH#KIIOIOm#X#KBOI# GH#HCEEBHIO#FB#@LPI#GFH#hl#LOOAIHH#HFBAIO#BK#GFH#@LAOnOGHo=#[BTIPIAf#F@IAI#LAI# HGFCLFGBKH#T@IK#F@I#@BHF#NLR#KBF#@LPI#@LAO#OGHo#LF#LQQf#MBA#IaLNEQI#L#OGHoQIHH# TBAoHFLFGBK=#pCF#LQHB#T@IK#L#@BHF#GH#VIGKD#JBKKIJFIO#FB#F@I#KIFTBAo#MBA#F@I#MGAHF# FGNIf#LF#LQQ#HCJ@#FGNIHf#L#@BHF#OBIH#KBF#oKBT#GFH#hl#LOOAIHH=#hK#F@LF#JLHI#kXkl# MGKO#BCF#F@I#hl#LOOAIHH=#
456789)*+,-.5/015*
24345 34467464897:34;.6<3=6> >69?16?95
BCD EFGHIJKLGMIF BCN OPQRLGMSRT BCU EFGRHFRGVIHWMFXYRSMLRT
BCUCN ZRGVIHWMFGRH[\LRL\HJ BCUCU ]IJR^_^IJK`\GIHaJR^IJK`\GIHb BCUCc dReR\GRHT BCUCB fKPT BCUC1 gHMJXRT BCUCh iVMGLj BCUCk l\GRV\m
BCc iK^^\Hm BCB dR[RHRFLRTaoKHGjRHdR\JMFXT BC1 iI`KGMIFTapFTVRHT
5qr 34479.2=4394
@+A548* 12 12 12
hn hn kD
EFGjMTKFMGsmIKVM```R\HFIFS\HMIKTMFGRHFRGVIHWJRSMLRTTKLj\TZEt\J\eGRHTs HIKGRHTsjKPTsTVMGLjRTs^IJR^TsX\GRV\m\FJIGjRHHR`\GRJJRSMLRTCpFRGVIHWMT LIFTMTGTI[\`\HXRHFK^PRHI[GjRLI^^KFML\GMIFJRSMLRTCujRTM^e`RTGJRSMLRGj\GMT KTRJMFGjRLI^^KFML\GMIFMTGjRZEt\J\eGRHVjMLjMT\GG\LjRJVMGjGjRRSRHm LI^eKGRHMF\FRGVIHWCE[mIKV\FGGIPKM`J\vpZsmIKVM``FRRJGIj\SRLI^eKGRHTs jKPTsTVMGLjRTsFRGVIHW\J\eGRHTswuxaiuxL\P`RTsHIKGRHTsMFGRHF\`aRyGRHF\`^IJR^Ts LIFFRLGIHTsL\P`RGRTGRHT\FJL`MeeMFXGII`CujMTKFMGRye`\MFTTI^RI[^ITG`mKTRJ FRGVIHWJRSMLRTC
5qz 9{|6=43<6>
p[GRHXIMFXGjHIKXjGjMTKFMGsmIKTjIK`JPR\P`RGIWFIV} ~ wFJRHTG\FJS\HMIKTFRGVIHWJRSMLRT ~ oKFLGMIFTI[S\HMIKTFRGVIHWJRSMLRT ~ ]RHMGT\FJ`M^MG\GMIFTI[S\HMIKTFRGVIHWJRSMLRT ~ YM[[RHRFLRPRGVRRF`\mRHU\FJ`\mRHcTVMGLjMFXs\FJ ~ ZRGVIHWX\GRV\m\FJMGTM^eIHG\FLRC
5q 34467464897:34;.6<3=6>
tI^eKGRHFRGVIHWL\FPRRTG\P`MTjRJPmKTMFXS\HMIKTFRGVIHWJRSMLRTTKLj\TTKLj \TL\P`RTsZRGVIHWEFGRH[\LRt\HJT_ZEtTbs]IJR^TsdReR\GRHTsfKPTsgHMJXRTs iVMGLjRTs\FJl\GRV\mTCujR[I``IVMFX\HRS\HMIKTMFGRHFRGVIHWJRSMLRTGj\G\HRKTRJ MFPKM`JMFXvpZa pZC
5q qz 456789)3,659 +15=+9-
pFRGVIHWL\HJIHFRGVIHWMFGRH[\LRLIFGHI``RHIHFRGVIHW\J\eGRHIHTM^e`mZEt _FRGVIHWMFGRH[\LRL\HJbMT\eMRLRI[LI^eKGRHj\HJV\HRJRTMXFRJGI\``IVLI^eKGRHT GILI^^KFML\GRISRH\LI^eKGRHFRGVIHW\TTjIVFMFoMXKHRNCEG\LLRTTGI\ FRGVIHWMFX^RJMK^\FJI[GRFeHISMJRT\`IV `RSR`\JJHRTTMFXTmTGR^GjHIKXjGjRKTR I[]pt\JJHRTTRTCEG\``IVTKTRHTGILIFFRLGGIR\LjIGjRHsRMGjRHPmKTMFXL\P`RTIH VMHR`RTT`mC 12
45678576()8*+5, -7.+/70
1+,2873456767)8*4567889/7:98;<64:=
>?@ABCDEFG@HICED@J?KDKGCE@GAAD@LFD@DKGMMGCABIMNADMDCEDOGCDPN?CLIGCK?@OL EQ?ENARSSDOICEG?KGMNRED@TRLUEQDAGFKGLE?CORTIVRIEBGJEQD>EQD@CDELE?CO?@O MD?CLEQ?EMGLECDFKGMNRED@LQ?WD?CDEFG@HICED@J?KDTRIAEICEGEQDMGEQD@TG?@OX YQDCDEFG@HKGCE@GAAD@IMNADMDCELEQDDADKE@GCIKKI@KRIE@B@DVRI@DOEGKGMMRCIK?ED RLICS?LNDKIJIKNQBLIK?AA?BD@?COO?E?AICHA?BD@LE?CO?@OLRKQ?L>EQD@CDEZ[I\]IZG@ YGHDC^ICSXYQILN@GWIODL?T?LDJG@?JRAACDEFG@HN@GEGKGALE?KHZ?AAGFICS KGMMRCIK?EIGC?MGCSLM?AAS@GRNLGJKGMNRED@LGCEQDL?MD_`a?COA?@SD\LK?AD CDEFG@HKGMMRCIK?EIGCLEQ@GRSQ@GRE?TADN@GEGKGALZLRKQ?LbcX YQDabdM?BRLDGCDG@MG@DGJJGR@EDKQCIVRDLEGE@?CLJD@O?E?e f g)hh+5,ILFQD@DEQDdciDP?MICDLEQDLE?ERLGJEQDND@INQD@?ARCOD@N@GS@?M KGCE@GAX f g8),89jj7;4klILFQD@DEQDMIK@GN@GKDLLG@?AD@ELEQDODLISC?EDOND@INQD@?A TB?NNABICSIEL?OO@DLLEGEQDLBLEDMmL?OO@DLLTRLX f 4567882n6o;8+.754klILFQD@DEQDND@INQD@?A?AD@ELEQDMIK@GN@GKDLLG@EQ?EIEIL @D?OBEGE@?CLJD@O?E?X f -+87/6j7j)8p9//700ILFQD@D?CICEDAAISDCEND@INQD@?A?LLRMDLKGCE@GAGJEQD LBLEDMTRLEG?KKDLLMDMG@BOI@DKEABXYQIL@DMGWDLAG?OJ@GMEQDdciTRE @DVRI@DL?LDN?@?EDN@GKDLLG@GCEQDK?@OX
qrsrs t);7j <t);2h96)8k-7j);2h96)8=
uGODMIL?ODWIKDEQ?EKGCWD@ELOISIE?A?CO?C?AGSLISC?AL?LLQGFCICEQD]ISR@DvX `EEQDLGR@KDZMGODMLKGCWD@EOISIE?ALISC?ALEG?JG@MLRIE?TADJG@E@?CLMILLIGCGWD@ ?C?AGSKGMMRCIK?EIGCJ?KIAIEIDLwNRTAIKEDADNQGCDAICDLxX`EEQDODLEIC?EIGCZMGODML KGCWD@EEQDLISC?AT?KHEG?OISIE?AJG@M?EX
1+,287s4t);7j
12
456789)*+,-.5/015*
2345.34 6789:78;6<=>>?@7?ABCD?8>CE9:=E=7?ABCD?8>CEFCG=<=AHI=A?H?BCD?=JKLEE<? GCM?KN=>?OE?A>=@PKH?PE<=EDK>B?AEGHCQCE=@H=E=NA=P?GNAKPE<?DKPPL>CD=ECK>G E?D<>K@KQRLG?HK>=@KD=@=A?=>?EIKAS;TUVFC>EKNA=P?G=WWAKWAC=E?EK=ICH?X=A?= >?EIKAS;YUVF=>HBCD?B?AG=ZUDKPPK>ERW?KNH?BCD?CG=@GKG<KI>C>E<?[CQLA? \Z[KA?O=PW@?]CNRKL<=B?=Y?JJLGC>?GGNAKPRKLAKI><KP?=>H<=B?@?=G?H= HCQCE=@@C>?;W?A<=WG=^X_KANA=DECK>=@^X_@C>?FEK=W<K>?DKPW=>RKA=Q=E?I=R=E =>`>E?A>?EG?ABCD?WAKBCH?A]RKL<=B?=6789:78=ERKLA?>H=>HE<?W<K>? DKPW=>RKAQ=E?I=R<KGE<=G=6789:78=ECEG?>HZ ^<?6<=>>?@7?ABCD?8>CE;678FA?D?CB?G=>HEA=>GPCEGGCQ>=@GNAKP=>HEKE<?YUV @C>?=>HWAKBCH?G=J=AAC?ANKA?@?DEACD=@C>E?AN?A?>D?NAKP?CE<?AGCH?KNE<?L>CEZ^<? 678D=>=@GK?D<K@KKWJ=DSGCQ>=@GNAKPE<?W<K>?DKPW=>RNKAE?GEC>QWLAWKG?GZ ^<?:=E=7?ABCD?8>CE;:78FP=>=Q?G@C>?DK>EAK@]=>HDK>B?AEGC>WLE=>HKLEWLE J?EI??>a7Xb\b6]a7Xccd]KAeZ\fNA=P?GNAKPE<?TUV=>HE<?ECP?XHCBCGCK> PL@ECW@?O?H;^:gF:7hNA=P?GK>E<?^X_@C>?Z^<?:78P=>=Q?GECPC>Q?AAKAG=>H GCQ>=@A?Q?>?A=ECK>Z^<?:78WAKBCH?G=PKH?PX@CS?C>E?AN=D?J?EI??>E<?DKPWLE?A =G:=E=^?APC>=@ijLCWP?>E;:^iF=>HE<?678Z 6<=>>?@G?ABCD?L>CE9H=E=G?ABCD?L>CE;6789:78FCG=WC?D?KNH=E=DKPPL>CD=ECK>G ?jLCWP?>EE<=EW?ANKAPGE<?NK@@KIC>QNL>DECK>Gk l UDEG=G=EA=>GD?CB?A l 6K>>?DEGH=E=E?APC>=EC>Q?jLCWP?>EEKH?HCD=E?HDCADLCEGGLD<=G^_=>H^\Z l U6789:78W?ANKAPGPL@ECW@?OC>Q=>HH?XPL@ECW@?OC>QK>^_=>H^\DCADLCEGZ l g=R<=B?E<?=JC@CEREK=HH=>HHAKWD<=>>?@GNAKP=^_KA^\Z l gKH?A>6789:78mGGW@CEE<?=AACBC>QH=E=GEA?=PC>EKPL@ECW@?BKCD?D<=>>?@G =>H9KAPL@ECW@?H=E=D<=>>?@GZ l n?A?CG=WCDELA?KNE<?J=DSKN=>?OE?A>=@]GE=>HX=@K>?6789:78NKA=^_
uvwvr x5y5+659*
o0pq95rst2345.34.5/015
U95y5+659CG=>?@?DEAK>CDH?BCD?E<=EA?D?CB?G=GCQ>=@=>HA?EA=>GPCEGCE=E=<CQ<?A @?B?@KA<CQ<?AWKI?A]KAK>EKE<?KE<?AGCH?KN=>KJGEALDECK>]GKE<=EE<?GCQ>=@D=> DKB?A@K>Q?AHCGE=>D?GICE<KLEH?QA=H=ECK>]=>?O=PW@?CGG<KI>C>E<?[CQLA?ZcZ z?D=LG?A?W?=E?AGIKASICE<E<?=DEL=@W<RGCD=@GCQ>=@]=>HHK>KE=EE?PWEEKC>E?AWA?E E<?H=E=J?C>QEA=>GPCEE?H]E<?RKW?A=E?K>E<?{<RGCD=@@=R?A]E<?NCAGE@=R?AKNE<? |7`PKH?@Z
12
45678576()8*+5, -7.+/70
1+,2873457677678
89:;<;=>??@9A=B:A>9C:D;:;E?87677678DBF:D;G><<>HA9IF:B9JBEJAK;J?;B9A9IFL M9B9B<>IJ;NA=;:DB:B?O<AGA;FB9A9O@:FAI9B<E;IBEJ<;FF>GA:F9B:@E;PB9B<>I>E JAIA:B<QR MJAIA:B<J;NA=;:DB:B?O<AGA;FCE;FDBO;FCE;:A?;FC>EO;EG>E?FB=>?SA9B:A>9>GB9T>G :D;F;G@9=:A>9F>9BJAIA:B<A9O@:FAI9B<G>EE;:EB9F?AFFA>9R
3UVU3 W2X0
MD@SP=>9=;9:EB:>EQ=>9:BA9F?@<:AO<;O>E:FBFFD>H9A9YAI@E;ZCHDA=DAF@F;J:> =>99;=:J;NA=;FA9BF:BE:>O><>ITR[D;9BOB=\;:BEEAN;FB:>9;O>E:CA:AF=>OA;J:> B<<:D;O>E:F>G:D;D@SR]@:HD;9:D;OB=\;:FBE;=>OA;JC:D;J;F:A9B:A>9BJJE;FFA9 :D;GEB?;J>;F9>:=DB9I;:>BSE>BJ=BF:BJJE;FFR8:J>;F:DAFA9BE@JA?;9:BETHBT^A: FA?O<T=>OA;F:D;JB:B:>B<<>G:D;_>J;F=>99;=:;J:>:D;D@SPSE>BJ=BF:QR
1+,287`4W2X
ab.7567,7075b-+07b.7567,70)cW2X Y><<>HA9IBE;F>?;BJNB9:BI;FB9JJAFBJNB9:BI;F>Gd@SFL ab.7567,704 e 8?OE>N;FO;EG>E?B9=;C;FO;=AB<<TG>ES@EF:T:EBGGA=B9J<BEI;GA<;:EB9FG;EF e f9BS<;F>O:A?@?O;EG>E?B9=;>Ggh8=>?O@:;EF e iGG;EF;BF;>G@F;LYBF:f:D;E9;:D@SFE;j@AE;9>DBEJHBE;>EF>G:HBE;F;::A9IF^ k@F:O<@I:D;?A9 e l;N;EBI;FT>@E\9>H<;JI;>Gf:D;E9;:B9JA9N;F:?;9:A9?B9BI;?;9::>><FB9J BOO<A=B:A>9F -+07b.7567,704 e m>:B<SB9JHAJ:DE;?BA9FGAn;J^BF9;:H>E\:EBGGA=IE>HFCO;EG>E?B9=;F@GG;EF 12
456789)*+,-.5/015*
2 34565789:;<=6=>5:?=6697<=6=>565789:;@9=ABC9:5D=<E@5FGH I5><567J6>74565789:;J679<K@7JE@5?9@@JIJ96A9<=J6I9::5I7:J?7J6>?5:7=J6 7HE5I9C7:=CCJ?79?5:7=J6E9:7I 2 L95I697:5AK?5?9@@JIJ96I 2 M5NKJ:5IO=75>9:HPQ3R?=G@J6>C9:5=?4STTU=I53V?9665?7J96
WXYXZ [90-\5*
345<=J665789:;A5]J?5C9K6A=7745A=7=@J6;@=H5:JI=G:JA>5^34JIA5]J?589:;I=7 =4J>45:@=H5:74=6745:5E5=75:=6A745:5C9:5JI=<9:5?9<E@5DA5]J?5^_74=II9<5 K6A5:I7=6AJ6>9C745A=7=J7:5?5J]5I=6A?=6<=;5=A5?JIJ96G=I5A96745C:=<5IJ7 :5?5J]5I=I79845745:J7655AI79@57745J6C9:<=7J96E=IIF9:?=6:5<9]5745 J6C9:<=7J96C:9<74565789:;^34JI<5=6I74=7745=<9K679C7:=CCJ?96745<5AJK< ?=6G5:5AK?5A=6A745:5C9:5F745KI=G@5G=6A8JA74?=6G5J6?:5=I5A^ U:JA>5I=:5I79:5=6AC9:8=:AA5]J?5I79E:9]JA55::9:A575?7J96`=?9<<967HE59C G:JA>5JII4986J6745aJ>K:51^345H?=E7K:5=6567J:5C:=<5G5C9:5A5?JAJ6>845745:79 CJ@75:9:C9:8=:A745C:=<5F84J?4E:9]JA5I=4J>4@5]5@9C5::9:A575?7J96G5?=KI5= C:=<5bIOMO?45?;IK<?=6G5?=@?K@=75AGH745G:JA>5^U:JA>5I=:54J>4@HIKI?5E7JG@5 79G:9=A?=I7I79:<I^cG:9=A?=I7I79:<9??K:I8456I5]5:=@G:9=A?=I7I=:57:=6I<J775A =7745I=<57J<5^_7?=67=;5KE4K>5G=6A8JA74^
d0\e95fg[90-\5
h-/+,6+\5*+,-.0*+-/+,6+\5*8i[90-\5* a9@@98J6>=:5I9<5=A]=67=>5I=6AAJI=A]=67=>5I9CU:JA>5Ij h-/+,6+\5*g 2 M5@J=GJ@J7H 2 k=6=>5=GJ@J7H 2 l?=@=GJ@J7H .0*+-/+,6+\5*g 2 cG:JA>5?=6697CJ@75:9K7G:9=A?=I77:=CCJ?^ 2 _7J67:9AK?5I2T79mTn @=756?H^ 2 o6@H265789:;I?=6G5@J6;5A8J74=G:JA>5
p qr51)s8e9t98\95**u
S^ vDE@=J6745<5=6J6>9C:5E5=75:IJ6=6=@9>=6AAJ>J7=@IHI75< wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww
12
12 345657864859:5;65<8=5;99>=59:5;65<8=?@A7>9<8=B CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC CCCCCCCCCCCCCCCCCCCCCCCCCCCCCCCC
45678576()8*+5, -7.+/70
DEFEG HI+6/J
K=L>6M4>=59565NO>;PO5Q87;86L?7P98:>M86456@?7L579=@75R8=S=>;<TKU 59978==8=>;648485987?@@75R8=2U?RR?;6QV8=?@=L>6M48=578=4?L;>;648W><S78 X2Y6>=S=896?>RV7?:8;86L?7PV87@?7R5;M8AQZN [ \8<R8;6>;<648;86L?7P5;9M7856>;<=8V57568M?OO>=>?;9?R5>;=2 [ ]89SM>;<M?RV86>6>?;@?7A5;9L>9642 Y;5=L>6M4@75R8^@?7L579>;<>=45;9O89AQ=V8M>5O>_894579L578M5OO89`KVVO>M56>?; \V8M>@>MY;68<75689U>7MS>6`aK\YUb2K\YU68M4;?O?<Q5OO?L=5=>O>M?;M4>V6?A8 V7?<75RR896?V87@?7R=V8M>@>M@S;M6>?;=RSM4@5=687645;6456?@5M4>V V7?<75RR89AQ=?@6L5782
c+,d87efHI+6/J
c)gg)I+5,h876J7H67i0)jHI+6/Jcd5/6+)5+5, k2 l7h85+5, 348;=L>6M4=6576=^648TKU59978==65AO845=;?8;67Q2348;5;?98 675;=R>6=9565?;>6=L>78648TKU59978==?@648;?98>=O857;89AQ\L>6M4 m?76M?;;8M6896?6456;?982Y;64>=L5Q5OO648TKU59978==8=578O857;89AQ 78=V8M6>:8V?76=5;9648=88;67>8=78R5>;>;648M5M48@?75=V8M>@>M6>R82Y@ 9S7>;<64>==V8M>@>M6>R8;?;8L@75R8577>:8=@7?R5;?98TKU59978==8;67Q @?76456;?98>=97?VV89@7?RM5M482 12 c)8Ih8n+5,o c+g678+5, 348;5TKU59978==@?75V?76>=O857;6^V5MP86=59978==896?6456TKU 59978==578@?7L57989?;OQ6?648V?765==?M>5689L>64>6^S=>;<?;8?@648 \L>6M4>;<T864?9=2 22 l))ip.)+nh5/7 \L>6M48=5;9q7>9<8=S=8\V5;;>;<r788m7?6?M?Oa\rmb^=V8M>@>89AQYsss tu12k9^6?V78:8;6O??V=2 HI+6/J+5,v76J)n0 [ H6)87o c)8Ih8nf>;64>=R864?9648=L>6M478M8>:8=M?RVO868@75R82U]U aUQMO>M]89S;95;MQU48MPb^=?S7M859978==5;998=6>;56>?;59978==578 M48MP892 12
456789)*+,-.5/015*
12
2 346569847689:;<=>?@;<ABCADEFDB=:G>;FD;>F>>AA:F>B@>;=:F;=A:FBBD@>> AC;<@CDF?@=>D@H@=I@B=:<@FB@DJKL>AM:AE:F>N9OPQRPPSJ 2 T9+7U5,6T955VW8-0X05-3465698476Y89:;<=>?@;<ABCADEFDB=:G>;FD;>F> >AA:F>C=D>;12Z[;@>AC;<@CDF?@FD@D@H@=I@BF>CDFG?@:;F;=A:AHH\D>\>\FLL[ =:C=D>;12Z[;@>J ]-/+,6+75*+,-.0*+-/+,6+75*8X^70616 _ALLAE=:GFD@>A?@FBIF:;FG@>F:BB=>FBIF:;FG@>AC>E=;H<@>` ]-/+,6+75*8 2 O@B\H@>;<@:\?Z@DACaDAFBHF>;BA?F=:> 2 Q\bbAD;>cdKef>gI=D;\FLLAHFLFD@F:@;EADMgcdKeh=>FLAG=HFLGDA\b=:GAC <A>;>A:A:@AD?AD@dKe>;<F;FLLAE>HA??\:=HF;=A:;AAHH\DZ@;E@@:<A>;> F>=C;<@[E@D@A:;<@>F?@b<[>=HFLdKeJh;<F;HF:<@Lb=:dAG=HFL >@G?@:;F;=A:ACbAD;>ib<[>=HFLbAD;>jJQbL=;;=:G\b;<@ZDAFBHF>;BA?F=:J 2 9:;@LL=G@:;B@I=H@iHA?bFD@B;Ak\Zf>jE<=H<HF:?FM@\>@AClKm ;FZL@CAD RAD;;AmKl?Fbb=:G 2 lA?bFD@B;AaD=BG@>nQE=;H<@>FD@?AD@koEAD=@:;@B;<@D@CAD@Ab@DF;=A:>FD@ L@>>lRp=:;@:>@iaF>=HAb@DF;=A:>j 2 q<@HA>;;A:\?Z@DACbAD;>DF;=A=>Z@>;=J@JCADFH<@Fb@DHA>;[A\G@;>E=;H<@> E=;<?AD@:\?Z@DACbAD;>FIF=LFZL@;<F:OA\;@D>J .0*+-/+,6+75*8 2 eA;F>GAABF>FDA\;@D=:L=?=;=:GaDAFBHF>;> 2 lA??\:=HF;=A:Z@;E@@:cdKef>:@@B=:;@DcdKeDA\;=:GiOA\;@DjnZ\;;<@>@ BF[>;<@D@FD@F:\?Z@DACm\L;=LF[@D>E=;H<@>FIF=LFZL@=:;<@?FDM@;J 2 kF:BL=:Gm\L;=HF>;bFHM@;>:@@B>r\=;@FZ=;ACHA:C=G\DF;=A:F:BbDAb@D B@>=G:=:GJ s+t59u^70616 dF[@Dv>E=;H<=:G\>@>;<@?@B=FFHH@>>HA:;DALFBBD@>>gmKl FBBD@>>hCDA? ;<@ <A>;f>:@;EADM=:;@DCFH@HFDB>ge9l>h;AB@H=B@E<@D@;ACADEFDBCDF?@>JdF[@Dv >E=;H<=:G => <FDBEFD@ ZF>@BnE<=H< ?@F:> >E=;H<@> \>@ FbbL=HF;=A:w>b@H=C=H =:;@GDF;@BH=DH\=;gKQ9l>h;AZ\=LBF:B?F=:;F=:C=L;@D;FZL@>gFL>AM:AE:F>mKl FBBD@>>;FZL@>hJx:@EF[;A;<=:MACFLF[@Dv>E=;H<=>F>F?\L;=wbAD;ZD=BG@J 2 dF[@Dv>E=;H<=:GbDAI=B@>;<@CALLAE=:G`kFDBEFD@wZF>@BZD=BG=:GgmKlh 2 N=D@>b@@B 2 k=G<>b@@B 2 dAELF;@:H[ 2 dAEHA>; dF[@Dv>E=;H<=:G=><=G<L[@CC=H=@:;Z@HF\>@;<@D@=>:A?AB=C=HF;=A:;A;<@BF;F bFHM@;nA:L[;A;<@CDF?@@:HFb>\LF;=A:AC;<@bFHM@;nF:BA:L[E<@:;<@BF;FbFHM@; =>bF>>=:G;<DA\G<B=>>=?=LFD?@B=Fg>\H<F>CDA?P;<@D:@;;A_SS9hJdF[@Dv >E=;H<=:G=>\>@BCADEADMGDA\bHA::@H;=I=;[F:B:@;EADM>@G?@:;F;=A:gZD@FM=:G\b HALL=>=A:BA?F=:>hJq<=>FLLAE>FCLF;;@D:@;EADMB@>=G:E=;<?AD@:@;EADM>@G?@:;> ;<F:;DFB=;=A:FLyzaF>@q><FD@B:@;EADM>JdF[@Dv>E=;H<=:G<F><@Lb@BB@I@LAb:@E HA?bA:@:;>=:;<@:@;EADM=:CDF>;D\H;\D@J
1 23453467489: 2345349743;<=<;>34?@9A4@BCA3?A<DEF9@G7==<G7A@<;9B3G7C93 5@4AC7=HIJ9G7;B3G437A3?A<G437A3B4<7?G79A?<87@;9@;79K@AGE3? @;A34;3AK<4LMNE@9837;9AE7A7==9345349G7;B3D=7G3?@;7G3;A47==<G7A@<;OF3A 7G34A7@;934534G7;9A@==B3D74A<67K<4L>4<CD@;7438<A3B47;GEM 1 P;A47;3A9: I==<K9<4>7;@Q7A@<;RK@?3G=@3;AS934534G<88C;@G7A@<;9B793?<;7 T3BA3GE;<=<>FM NE393;3KA3GE;<=<>@397==<K8<43?7A7A<6=<K<6664<8=<G7=9CB;3A97;?<;A<7 4<CA3?;3AK<4LOKE34374<CA34U9D346<487;G3G7;B3G<83AE3B<AA=3;3GLM V+W+6X6+)50 H7F34Y9K@AGE39E753AE39783=@8@A7A@<;979B4@?>3;3AK<4L9M Z4@?>3?;3AK<4L9B437LCDG<==@9@<;?<87@;9OBCAAE3;3AK<4L4387@;9<;3=74>3 B4<7?G79A?<87@;M2@8@=74=FO=7F34Y9K@AGE39[B4@?>39\G7;;<AB437LCDB4<7?G79A ?<87@;9OKE@GEG7;G7C93D346<487;G3@99C397;?=@8@A9AE39@Q3<6F<C4;3AK<4LM Z4<7?G79A7;?8C=A@G79A9O7=<;>K@AEAE39=<KG<;534>3;G3<69D7;;@;>A433OG7; G7C9387]<4D4<B=38979AE3;3AK<4L>4<K9MZ3G7C93<6AE393D4<B=389O=7F34Y 9K@AGE39G7;;<AG<8D=3A3=F43D=7G34<CA349@;AE3@;A34;3AK<4LM VX^78_`a+6/b IH7F34c9K@AGE@97E@>ERD346<487;G3?35@G36<4;3AK<4L4<CA@;>MH7F34c9K@AGE39 7GAC7==F?@6634534F=@AA=364<84<CA349MIH7F34c9K@AGEG7;9CDD<4AAE397834<CA@;> D4<A<G<=979;3AK<4L4<CA349?<MZ<AE@;9D3GA@;G<8@;>D7GL3A97;?87L3?F;78@G 4<CA@;>?3G@9@<;9B793?<;AE39<C4G37;??39A@;7A@<;7??439939@;9@?3MZ<AEAFD39<6 B<d399E74379@8@=747DD3747;G3M H7F34c9K@AGE39K343G<;G3@53?797A3GE;<=<>FA<@8D4<53<;AE3D346<487;G3<6 4<CA349C93?@;=74>3=<G7=7437;3AK<4L9[HIJ9\=@L3G<4D<47A3@;A47;3A9MNE3L3F ?@66343;G3B3AK33;H7F34c9K@AGE397;?4<CA349=@39@;AE3E74?K743A3GE;<=<>FC93? A<BC@=?AE3C;@AMNE3E74?K743@;9@?37H7F34c9K@AGE834>39AE7A<6A47?@A@<;7= 9K@AGE397;?4<CA349O43D=7G@;>9<83<674<CA34U99<6AK743=<>@GK@AEE74?K743A< <6634B3AA34D346<487;G3@;9<839@AC7A@<;9M H7F34c9K@AGE39<6A3;G<9A=399AE7;A47?@A@<;7=4<CA349Me39@>;3?6<4C93K@AE@;=<G7= ;3AK<4L9O7H7F34c9K@AGEK@==AFD@G7==F;<AD<99399AE3TIJD<4A97;?K@?37437 ;3AK<4L637AC4397A47?@A@<;7=4<CA34K@==7=K7F9E753M H7F34c9K@AGE39G7;B3D=7G3?7;FKE343@;AE3;3AK<4LB3G7C93AE3FE7;?=3E@>ER D346<487;G3HIJA4766@G7;?G7;G<9AR3663GA@53=F43D=7G34<CA349MH7F34c9K@AGE@;> @97==E74?K743RB793?D7GL3A6<4K74?@;>O7;?7==D7GL3A6<4K74?@;>@9E7;?=3?BF E74?K743I2Pf9M gh5/6+)50)iVX^78_0a+6/b jM e3A348@;3D7AE9B793?<;=<>@G7=7??4399@;> YM kC;=7F34cGE3GL9C89[<;E37?34<;=F\ cM l93N@83A<H@53[NNH\ mM n4<G3997;?439D<;?A<7;F<DA@<;@;6<487A@<; 2M lD?7A32@8D=3J3AK<4Lo7;7>383;An4<A<G<=[2Jon\87;7>349K@AE o7;7>383;AP;6<487A@<;Z793[oPZ\@;6<487A@<; 1M n4<5@?323GC4@AF
45678576()8*+5, -7.+/70
12
3456789)*+,-4./04)
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`3Pa? 4=839Q\ 123A3;;C93D@782W1X 79>3;<87O3;=9J<;;A:JH<>3D8:C5789C93D@782:;D3> 83A25:;:B739\1239J<;;A:598<58A3;;97`3<;;:@9W1X 3bC7HJ3588:8><59J78O7D3:^ <CD7:^<5DA:JHC83>D<8<:O3>8239<J3538@:>I^<5D<99C>3982<85:975B;38=H3:6 D<8<2:B9823;753\ W1X 83A25:;:B=79C93D6:>4:82;:A<;<5D@7D3<>3<538@:>I9PKWZ9<5D[WZ9Q 82<89CHH:>8>3<;G87J3O:7A3<5DO7D3:<9@3;;<9D<8<\W1X 79@7D3;=C93D<9< 4<AI4:5383A25:;:B=75A<>>73>538@:>I9<5D;<>B33583>H>7939^4C853O3>43A<J3 H:HC;<><9<;:A<;538@:>IPKWZQ8:H:;:B=\W1X 7927B2;=9A<;<4;3<5D9CHH:>89 8><59J7997:59H33D9:6c\a^da^cee^caa^1dd^dfYY<5Dgga?X4H9\
h/ij84klRST U6/50V/+5V4m/,,n4
o7j548 p:C83>79<538@:>I75BD3O7A3@27A26:>@<>D9D<8<H<AI389<;:5B538@:>I94=C975B 23<D3>9<5D6:>@<>D75Bq>:C875B8<4;398:D383>J7538234398H<828:6:>@<>D823 H<AI389\r:JJ:58=H39:6J:D3>5>:C83>9<>392:@523>375L7BC>3g\p:C83>9@:>I <8823]583>538;<=3>:68231rsq]sJ:D3;:>;<=3>?:6823tM]J:D3;\p:C83>9<;9: H>:O7D37583>A:553A87O78=438@335;7I3<5DC5;7I3J3D7<\W>:C83>79A:553A83D8:<8 ;3<988@:538@:>I9^A:JJ:5;=8@:KWZ9:>[WZ9:><KWZ<5D789]Msu9538@:>I\ M:J3vMK<5DA<4;3J:D3J9^6:>2:J3C93^2<O343357583B><83D@782>:C83>98: <;;:@JC;87H;32:J3A:JHC83>98:<AA399823]583>538\ 11
45678576()8*+5, -7.+/70
1+,2873456)7)87859)26780
4568)82/+5,9)26+5, :;<=>=<?=@A=@;B;A=?;=A>C?DEF<C;;=<AB;GFCH?IJKL@;MNJKLAC@?CHA=?O>= LP@QQ;==MAC<C;RBGH?=QCGB<@Q;=A>C?D@MM?=LL=LOLH<P@LST@MM?=LL=LOAC@QQPCLALC; AP=B;A=?;=A>C?DLCAP@AAP=F<@;<CUUH;B<@A=@<?CLLAP@AB;A=?;=A>C?DV WP=A=?UXYZ[\]^BLHL=MRC?A@DB;G@_@<D=AR?CUC;=M=`B<=@;ML=;MB;GBAAP?CHGP AP=;=A>C?DAC@;CAP=?M=`B<=C;@MBRR=?=;A;=A>C?DVaCHA=?LMC;bA?=@QQF<@?=@ECHA PCLALcAP=FC;QF<@?=@ECHA;=A>C?DL@;MAP=E=LA_@APAC=@<P;=A>C?DVWP=QCGB<@Q ;=A>C?D@MM?=LLCRAP=M=LAB;@ABC;PCLABLHL=MACG=A_@<D=ALAC@;=A>C?DAP?CHGP@ ?CHA=M;=A>C?DO@;MAP=;AP=P@?M>@?=@MM?=LLCRAP=PCLABLHL=MACM=QB`=?AP=_@<D=A R?CU@?CHA=?ACAP=<C??=<AM=LAB;@ABC;PCLAV SRFCH?;=A>C?DP@L;C?CHA=?LOAP=;BALPCHQME=@__@?=;AAP@AFCH@?=;CA?CHAB;GV aCHA=?L?CHA=A?@RRB<AC@QQAP=;=A>C?DLB;FCH?B;A=?;=A>C?DVWCE=@EQ=AC?CHA= _@<D=ALO@?CHA=?UHLAD;C>O@A@UB;BUHUOAP=RCQQC>B;Gd e f=LAB;@ABC;@MM?=LL e K=BGPEC??CHA=?LR?CU>PB<PBA<@;Q=@?;@ECHA?=UCA=;=A>C?DL e TCLLBEQ=?CHA=LAC@QQ?=UCA=;=A>C?DL e WP=E=LA?CHA=AC=@<P?=UCA=;=A>C?D e gC>ACU@B;A@B;@;M`=?BRF?CHAB;GB;RC?U@ABC; e WP=?CHA=?Q=@?;L@ECHA?=UCA=;=A>C?DLR?CU;=BGPEC??CHA=?LC?R?CU@; @MUB;BLA?@AC? JLBABL@Q?=@MFMBL<HLL=MAP@AST?CHAB;GBLE@LB<@QQFCRAP?==AF_=LdLA@AB<?CHAB;GO M=R@HQA?CHAB;G@;MMF;@UB<?CHAB;GV h6i6+/9)26+5, jA@AB<?CHAB;GBLAP=_?C<=LLB;>PB<PAP=LFLA=U;=A>C?D@MUB;BLA?@AC?>CHQM U@;H@QQF<C;RBGH?=;=A>C?D?CHA=?L>BAP@QQAP=B;RC?U@ABC;;=<=LL@?FRC?LH<<=LLRHQ _@<D=ARC?>@?MB;GVWP=@MUB;BLA?@AC?<C;LA?H<ALAP=?CHAB;GA@EQ=B;=`=?F?CHA=?EF _HAAB;GB;AP==;A?B=LRC?=`=?F;=A>C?DAP@A<CHQME=@M=LAB;@ABC;V
12
456789)*+,-.5/015*
.52+34658365 6789:;<=>?;=8@A?9=8BC:<<87=D8E>?;=8?9<:A=>8A?>=EFG=@A=D8<:A=>?;=8=>@87HI: >?;=8>JD8B:<<?=D8>>?;=8A9:@<H8C:;A8@=D:A=D898J8A=B;KH8>?9B8=J?>LH@=A K:=CD@BM:B7@A=D8>89?>8<8AAAN8C@9@CFO8;A8PQRSTUVWXTVYZ[=?A8B7N:CL8=AJ@=D: >8K?=878A=@B:=@?BB8=J?>LB?=@B=D8>?;=@BM=:H<8=?=D8B8\=]D?N>?;=8>F^?;AD?;<7 ?B<I;A8789:;<=>?;=@BM?BA=;HB8=J?>LA_=D?A8J@=D?B<I?B88\@=N:=D?;=?9=D8 B8=J?>LF`?C?B9@M;>8:789:;<=>?;=8aI?;;A8J@<7C:>7A@B=D8B8=J?>L:77>8AA:B7 K:AL<?C:=@?BA?9:A=:=@C>?;=8FGB9:C=aI?;C:Bb;A==D@BL?9:789:;<=>?;=8:A:A=:=@C >?;=8=D:=;A8AJ@<7C:>7A@BA=8:7?9B8=J?>L:B7K:AL@B9?>K:=@?BF `D8AIB=:\9?>c89:;<=>?;=@BM@AdYeWXTVQfgfgfgffgfgfgfhZQiVjXeXWQiYVYZVQWRSkQ .l,+m0158360,n cIB:K@C>?;=@BM@AJD8BN>?=?C?<Aop?;=@BMq>?=?C?<Ar:>8;A87=?9@B7B8=J?>LA:B7 ;N7:=8>?;=@BM=:H<8A?B>?;=8>AF`D@A@A8:A@8>=D:B;A@BMA=:=@C?>789:;<=>?;=@BMaH;= @=s<<C?A=@B=8>KA?9>?;=8>tquN>?C8AA8A:B7H:B7J@7=D?B=D8B8=J?>L<@BLAF`D8 CD@89:7v:B=:M8A?97IB:K@C>?;=@BM?v8>A=:=@C>?;=@BM:>8AC:<:H@<@=I:B7 :7:N=:H@<@=IF67IB:K@C:<<I>?;=87B8=J?>LC:BM>?JK?>8w;@CL<I:B7<:>M8>a:B7@A :H<8=?:7:N==?CD:BM8A@B=D8B8=J?>L=?N?<?MIH>?;MD=:H?;=HI=D@AM>?J=D?>HI =D89:@<;>8?9?B8?>K?>8B8=J?>LC?KN?B8B=AFtD@89:K?BM=D87@A:7v:B=:M8A@A:B @BC>8:A8@BC?KN<8\@=IF
xyzy{ |+657+l
GB:C?KK;B@C:=@?BAB8=J?>LaM:=8J:I@A:B8=J?>LB?788w;@NN879?>@B=8>9:C@BM J@=D:B?=D8>B8=J?>L=D:=;A8A7@998>8B=N>?=?C?<AF 6 M:=8J:IK:IC?B=:@B78v@C8AA;CD:AN>?=?C?<=>:BA<:=?>Aa@KN87:BC8K:=CD@BM 78v@C8Aa>:=8C?Bv8>=8>Aa9:;<=@A?<:=?>Aa?>A@MB:<=>:BA<:=?>A:AB8C8AA:>I=?N>?v@78 AIA=8K @B=8>?N8>:H@<@=IFG=:<A?>8w;@>8A=D88A=:H<@ADK8B=?9K;=;:<<I:CC8N=:H<8 :7K@B@A=>:=@v8N>?C87;>8AH8=J88BH?=DB8=J?>LAF6 N>?=?C?<=>:BA<:=@?B}K:NN@BM M:=8J:I@B=8>C?BB8C=AB8=J?>LAJ@=D7@998>8B=B8=J?>LN>?=?C?<=8CDB?<?M@8AHI N8>9?>K@BM=D8>8w;@>87N>?=?C?<C?Bv8>A@?BAF 6 M:=8J:I@A:B8=J?>LN?@B==D:=:C=A:A:B8B=>:BC8=?:B?=D8>B8=J?>LF~B=D8 GB=8>B8=aM:=8J:I@A:B?78?>A=?NN@BMN?@B=B?78?>:D?A=o8B7]N?@B=rB?78F ?=D=D8 C?KN;=8>A?9GB=8>B8=;A8>A:B7=D8C?KN;=8>A=D:=A8>v8N:M8A=?;A8>A:>8D?A= B?78AaJD@<8=D8B?78A=D:=C?BB8C==D8B8=J?>LA@BH8=J88B:>8M:=8J:IAF ?> 8\:KN<8a=D8 C?KN;=8>A=D:=C?B=>?<=>:99@CH8=J88B C?KN:BI B8=J?>LA?>=D8 C?KN;=8>A;A87HI@B=8>B8=A8>v@C8N>?v@78>AoG qAr=?C?BB8C=;A8>A=?=D8@B=8>B8= :>8M:=8J:IB?78AF GB=D8B8=J?>L9?>:B8B=8>N>@A8a:C?KN;=8>A8>v8>:C=@BM:A:M:=8J:IB?78@A?9=8B A@K;<=:B8?;A<I:C=@BM:A:N>?\IA8>v8>:B7:9@>8J:<<A8>v8>F6 M:=8J:I@A?9=8B :AA?C@:=87J@=DH?=D:>?;=8>aJD@CDLB?JAJD8>8=?7@>8C=:M@v8BN:CL8=?97:=:=D:= :>>@v8A:==D8M:=8J:Ia:B7:AJ@=CDaJD@CD9;>B@AD8A=D8:C=;:<N:=D@B:B7?;=?9=D8 M:=8J:I9?>:M@v8BN:CL8=F ~B:BGqB8=J?>LaC<@8B=AAD?;<7:;=?K:=@C:<<IA8B7GqN:CL8=AJ@=D:78A=@B:=@?B ?;=A@78:M@v8BA;HB8=K:AL=?:B8=J?>LM:=8J:IF6 A;HB8=K:AL789@B8A=D8Gq >:BM8?9:N>@v:=8B8=J?>LF ?>8\:KN<8a@9:N>@v:=8B8=J?>LD:A:H:A8Gq:77>8AA?9 F 12F F :B7D:A:A;HB8=K:AL?9 F F F a=D8B:BI7:=:M?@BM=?:BGq :77>8AA?;=A@78?9 F 12F F J@<<H8 A8B==? =D:=B8=J?>LEAM:=8J:IFOD@<8 9?>J:>7@BM:BGqN:CL8==?:B?=D8>B8=J?>La=D8M:=8J:IK@MD=?>K@MD=B?=N8>9?>K 8=J?>L677>8AA`>:BA<:=@?BF 12
12345267849:279:;4<=>3?349638394@949:63A935:<B9A;B2C9D1<5:232E4F<=A2G3H @2G9C9:HA935:<B934@<334;=A;:A=94G2:I<=>E9;48:9;3J=49:=94K2==954<2=L@;:<=>H G@<5@;543;3;>;49G;?H2EE9:<=>;52==954<2=B94G99=4@9J=49:=94;=A;=<=49:=;M =94G2:IDL85@;3?34966<>@4;M32;54;3;NOKP39:C9:DN?=;6<5O234 K2=E<>8:;4<2=P:24252MQNOKPR<3;7:24252M839AB?=94G2:I9AA9C<593Q5M<9=43R42 2B4;<=C;:<2837;:;6949:3=95933;:?E2:4@95M<9=4342279:;49<=;=J=49:=94P:24252M QJPR=94G2:IDS?83<=>4@<37:24252MH3?3496;A6<=<34:;4<2=G2:IM2;A>:9;4M? A95:9;393H;=AA9C<5935;=B9;AA9A424@9=94G2:IG<4@6<=<6;M2:=26;=8;M 52=E<>8:;4<2=3D
45678576()8*+5, -7.+/70
T UV7/*W)X8Y8),8700Z
[D \]7M;<=4@9;AC;=4;>932E83<=>3G<45@D^M32A<35833<43A<3;AC;=4;>93D ________________________________ ________________________________ ________________________________ ________________________________ `D F@;4<3=94G2:I>;49G;?a\]7M;<= ________________________________ ________________________________ ________________________________ ________________________________
bcd efgghiW
J=4@<38=<4HC;:<283<=49:=94G2:I52672=9=43839A<=;5267849:=94G2:I;:99]7M;<=9AD L2692E4@952672=9=43385@;3jJKH12A96Hk979;49:HO8BHLG<45@;=A4@9<: E8=54<2=3;M2=>G<4@69:<43;=AM<6<4;4<2=3;:95M9;:M?A<358339AD^E49:5267M94<=>4@<3 8=<4?285;=8=A9:34;=A4@9<672:4;=592EC;:<283<=49:=94G2:I<=>A9C<5937;:4<58M;:M? ;44@9=94G2:IM;?9:Dl28@;C9;M32348A<9A4@9A<EE9:9=43G<45@<=>;=A:284<=>694@2A3 <=4@<38=<4Dm@9BM25I2E4@<3528:39@;37:939=49A4@9A94;<M32E4:;=372:4M;?9:;=A ;77M<5;4<2=M;?9:D
bcb inoninpUneqofirsniinh-4pte
[R uvwxyz{|}{z~v| H^DLD { yw 4@\A<4<2=HP:;54<59O;MM2EJ=A<;Hj9G N9M@<D` D `R uvwxyz{|}{z~v| H D D 8:239 DFDk233H^m27N2G=^77:2;5@ 9;48:<=>4@9J=49:=94HP9;:32=\A<4<2=H` D R z|v y z v zv z uvwwy z v }{z~v| S9@:28 2:28 ;=Hm;4; 15 :;GO<MMH[222D R uvwwy z v }{z~v| H 92= ;:5<;H;=AF<A ; ;Hm;4;15 :;GO<MMH` D R z uvwxyz{|uvwwy z v F<MM<;=L4;MM<=>3H14@\A<4<2=HP9;:32= \A85;4<2=Hj9GN9M@<D 1R GGGDG<I<79A<;D2:> 12
456789)*+,-.5/015*
234 56789:645;<45=>?5
@ AB51)C8D9E98F95**G
HI JKLMNMOPQQRKSOTLSPKULVMLMWQ95X5+659VTYLVMZPNNP[SK\YLTK]TW]S^M] QMTKSK\Y_ ` aKTKTNP\]MbSOMLVTLTQcNSZSMYTKSKcRLYS\KTNWM\TW]NMYYPZSLYKTLRWM dTKTNP\PW]S\SLTNeI ` a]S\SLTN]MbSOMLVTLTQcNSZSMYUWMYVTcMYUWMLSQMYUPWcMWZPWQYT OPQfSKTLSPKPZTKgPZLVMYMZRKOLSPKYPKT]S\SLTNSKcRLYS\KTNZPW WMLWTKYQSYYSPKI hI iPNNP[SK\TWMYPQMT]bTKLT\MYTK]]SYT]bTKLT\MYPZjWS]\MY_ <-/+,6+F5*k ` lMNSTfSNSLg ` mTKT\MTfSNSLg ` nOTNTfSNSLg .0*+-/+,6+F5*k ` afWS]\MOTKKPLZSNLMWPRLfWPT]OTYLLWTZZSOI ` JLSKLWP]ROMYh2LPo2p NTLMKOgI ` qKNghKML[PWrYOTKfMNSKrM][SLVTfWS]\M
@ AB51)C8D9E98F95**s
HI iPNNP[SK\TWMYPQMT]bTKLT\MYTK]]SYT]bTKLT\MYPZY[SLOVMY_ <-/+,6+F5*k ` lM]ROMYLVMKRQfMWPZjWPT]OTYL]PQTSKY ` nRccPWLYtuavwYdbSWLRTNNPOTNTWMTKML[PWrdtuaveSYTNP\SOTN \WPRcSK\PZVPYLYPKPKMPWQPWMuavYLVTLTNNP[YOPQQRKSOTLSPKLP POORWfML[MMKVPYLYTYSZLVMg[MWMPKLVMYTQMcVgYSOTNuavIeLVTLOTK VMNcSKuP\SOTNYM\QMKLTLSPKPZcPWLYxcVgYSOTNcPWLYyIncNSLLSK\RcLVM fWPT]OTYL]PQTSKI ` JKLMNNS\MKL]MbSOMxOPQcTWM]LPzRfwYy[VSOVOTKQTrMRYMPZ{am LTfNM ZPW|PWLLPma{QTccSK\ ` {PQcTWM]LPjWS]\MYUn[SLOVMYTWMQPWMz}[PWSMKLM]LVMWMZPWM PcMWTLSPKYTWMNMYY{|~SKLMKYMxjTYSOPcMWTLSPKYy ` VMOPYLLPKRQfMWPZcPWLYWTLSPSYfMYLSIMIZPWTOVMTcMWOPYLgPR\ML Y[SLOVMY[SLVQPWMKRQfMWPZcPWLYTbTSNTfNMLVTKlPRLMWYI .0*+-/+,6+F5*k ` vPLTY\PP]TYTWPRLMWSKNSQSLSK\jWPT]OTYLY ` {PQQRKSOTLSPKfML[MMKtuavwYKMM]SKLMWtuavWPRLSK\xlPRLMWyUfRL LVMYM]TgYLVMWMTWMTKRQfMWPZmRNLSNTgMWY[SLOVMYTbTSNTfNMSKLVM QTWrMLI ` zTK]NSK\mRNLSOTYLcTOrMLYKMM]Y RSLMTfSLPZOPKZS\RWTLSPK cWPcMW ]MYS\KSK\I hI JKTOPQQRKSOTLSPKYKML[PWrU\TLM[TgSYTKML[PWrKP]MM RSccM]ZPW SKLMWZTOSK\[SLVTKPLVMWKML[PWrLVTLRYMY]SZZMWMKLcWPLPOPNYI
12
123456378379:;43<;=5><95??@9A3?BC:4:9:D4C3;?D34:C?E<8B5=3;95 8349A<;2=5><95?EC3459:;>5C45C?EF3@D4<?:D34:C?E:C?<2;3D4C3;?D34:C?3? ;595??3C74:BC:><=5?7?458<;45C:B5C3G<D<47HI43D?:C5J@<C5?4A55?43GD<?A85;4 :F8@4@3DD73995B43GD53=8<;<?4C34<>5BC:95=@C5?G54655;G:4A;546:CK?H1 BC:4:9:D4C3;?D34<:;L83BB<;22345637<;45C9:;;594?;546:CK?6<4A=<FF5C5;4 ;546:CKBC:4:9:D459A;:D:2<5?G7B5CF:C8<;24A5C5J@<C5=BC:4:9:D9:;>5C?<:;?H
45678576()8*+5, -7.+/70
12
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
81,7 75$163257 /$<(5 6WUXFWXUH
,QWURGXFWLRQ 2EMHFWLYH $GGUHVVLQJ 5HOLDEOH GHOLYHU\ )ORZ FRQWURO &RQQHFWLRQ 0DQDJHPHQW 0XOWLSOH[LQJ &RQJHVWLRQ &RQWURO 4XDOLW\ RI &HUYLFHV 4R6 7&3 ZLQGRZ 0DQDJHPHQW 3RUWV 6XPPDU\ 5HIHUHQFHV )XUWKHU 5HDGLQJ 6ROXWLRQ $QVZHUV
,1752'8&7,21
3DJH 1R
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
2%-(&7,9(
$IWHU JRLQJ WKURXJK WKLV XQLW \RX VKRXOG EH DEOH WR x
.QRZ WKH )XQFWLRQV DQG 6HUYLFHV RI WUDQVSRUW OD\HU
x
8QGHUVWDQG WKH :RUNLQJ RI WUDQVSRUW OD\HU
x
8QGHUVWDQG WKH 7&3 :LQGRZ PDQDJHPHQW
x
.QRZ WKH GLIIHUHQW WUDQVSRUW OD\HU GHVLJQ LVVXHV
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
7UDQVSRUW /D\HU
)LJXUH (QG WR (QG GHOLYHU\ RI SDFNHWV
$''5(66,1*
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
8SSHU /D\HUV 6WDFN
8SSHU /D\HUV 6WDFN
8SSHU /D\HUV 6WDFN
8SSHU /D\HUV 6WDFN
8SSHU /D\HUV 6WDFN
8SSHU /D\HUV 6WDFN
7UDQVSRUW
7UDQVSRUW
1HWZRUN
1HWZRUN
'DWD /LQN
'DWD /LQN
3K\VLFDO
3K\VLFDO
)LJXUH 6HUYLFH $FFHVV 3RLQWV
5(/,$%/( '(/,9(5<
,W LV UHVSRQVLEOH IRU UHOLDEOH GHOLYHU\ RI GDWD E\ SURYLGLQJ WKH IROORZLQJ PHWKRGV DOVR VKRZQ LQ ILJXUH x (UURU FRQWURO x 6HTXHQFH FRQWURO x /RVV FRQWURO
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
x
'XSOLFDWLRQ FRQWURO 5HOLDEOH 'HOLYHU\
(UURU &RQWURO
6HTXHQFH &RQWURO
+DVV &RQWURO
'XSOLFDWLRQ &RQWURO
)LJXUH 0HWKRGV RI UHOLDEOH GHOLYHU\ RI SDFNHWV
D
(UURU &RQWURO :KHQ WUDQVIHUULQJ GDWD WKH SULPDU\ JRDO RI UHOLDELOLW\ LI RFFXU FRQWURO 'DWD PXVW EH GHOLYHUHG WR WKHLU GHVWLQDWLRQ ([DFWO\ DV WKH\ RULJLQDWHG IURP WKH VRXUFH 7KH UHDOLW\ RI SK\VLFDO GDWD WUDQVSRUW DUH WKDW ZKLOH SHU FHQW HUURU IUHH GHOLYHU\ LV SUREDEO\ LPSRVVLEOH WUDQVSRUW OD\HU SURWRFROV DUH GHVLJQHG WR FRPH DV FORVH DV SRVVLEOH 0HFKDQLVPV IXOO HUURUV KDQGOLQJ DW WKLV OD\HU DUH EDVHG RQ HUURU GHWHFWLRQ DQG UHWUDQVPLVVLRQ :LWK WKH HUURU KDQGOLQJ SHUIRUPHG XVLQJ DOJRULWKPV LPSOHPHQWHG LQ VRIWZDUH VXFK DV FKHFNVXP ³HUURU GHWHFWLRQ DQG FRUUHFWLRQ´
E
6HTXHQFH &RQWURO 6HFRQG DVSHFW RI UHOLDELOLW\ LPSOHPHQWHG DW WKH WUDQVSRUW OD\HU LV VHTXHQFH FRQWURO 2Q WKH VHQGLQJ HQG WKH WUDQVSRUW OD\HU LV UHVSRQVLEOH IRU HQVXULQJ WKDW GDWD ZLWK UHFHLYHG IURP WKH XSSHU OD\HUV DUH XVDEOH E\ WKH ORZHU OD\HUV 21 WKH UHFHLYLQJ HQG LW LV UHVSRQVLEOH IRU HQVXULQJ WKDW WKH YDULRXV SLHFHV RI D WUDQVPLVVLRQ DUH FRUUHFWO\ UHDVVHPEOHG
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
/RVV &RQWURO 7KH WKLUG DVSHFW RI UHOLDELOLW\ FRYHUHG E\ WKH WUDQVSRUW OD\HU LV ORVV FRQWURO DV GHSLFWHG LQ ILJXUH 7KH WUDQVSRUW OD\HU HQVXUHV DOO SLHFHV RI WKH WUDQVPLVVLRQ DUULYH DW WKH GHVWLQDWLRQ QRW MXVW VRPH RI WKHP :KHQ GDWD KDYH EHHQ VHJPHQWHG IRU GHOLYHU\ VRPH VHJPHQWV PD\ EH ORVW LQ WUDQVPLW 6HTXHQFH QXPEHU DOORZV WKH UHFHLYHU¶V WUDQVSRUW OD\HU SURWRFRO WR LGHQWLI\ DQ\ PLVVLQJ VHJPHQW DQG UHTXHVW LQ GHOLYHU\
7UDQVSRUW /D\HU
)LJXUH /RVV &RQWURO
G
'XSOLFDWLRQ &RQWUROV 7KH IRXUWK DVSHFW RI UHOLDELOLW\ E\ WKH WUDQVSRUW OD\HU LV GXSOLFDWLRQ FRQWURO DV VKRZQ LQ ILJXUH 7UDQVSRUW OD\HU IXQFWLRQV PXVW JXDUDQWHH WKDW QR SODFHV RI GDWD DUULYH DW WKH UHFHLYLQJ V\VWHP GXSOLFDWHG $V WKH\ DOORZ LGHQWLILFDWLRQ RI ODVW SDFNHWV VHTXHQFH QR DOORZV WKH UHFHLYHU WR LGHQWLI\ DQG GLVFDUG GXSOLFDWH VHJPHQWV
)LJXUH 'XSOLFDWLRQ &RQWURO
) &KHFN <RXU 3URJUHVV
:KLFK OD\HU HQVXUHV WKH SURFHVV WR SURFHVV RU HQG WR HQG GHOLYHU\ RI DQ HQWLUH PHVVDJH" ([SODLQ «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
/LVW WKH PHWKRGV RU PHFKDQLVP SURYLGHG E\ 7UDQVSRUW OD\HU IRU UHOLDEOH GHOLYHU\ RI GDWD «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
)/2: &21752/
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
)LJXUH 6OLGLQJ :LQGRZ IRU )ORZ &RQWURO
6RPH SRLQWV DERXW VOLGLQJ ZLQGRZ DW WKH WUDQVSRUW OD\HU DUH DV IROORZV
6HQGHU GRHV QRW KDYH WR VHQG D IXOO ZLQGRZ¶V ZRUWK RI GDWD
$Q DFNQRZOHGJHPHQW FDQ H[SDQG WKH VL]H RI WKH ZLQGRZ EDVHG RQ WKH VHTXHQFH QXPEHU RI WKH DFNQRZOHGJHG GDWD VHJPHQW
7KH VL]H RI WKH ZLQGRZ FDQ EH LQFUHDVHG DV GHFUHDVHG E\ WKH UHFHLYHU
7KH UHFHLYHU FDQ VHQG DFNQRZOHGJHPHQW DW DQ\WLPH
&211(&7,21 0$1$*(0(17
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
&RQQHFWLRQ HVWDEOLVKPHQW
'DWD WUDQVIHU
&RQQHFWLRQ WHUPLQDWLRQ
&RQQHFWLRQ (VWDEOLVKPHQW %HIRUH FRPPXQLFDWLQJ GHYLFH FDQ VHQG GDWD WR WKH RWKHU WKH LQLWLDOL]LQJ GHYLFH PXVW ILUVW GHWHUPLQH WKH DYDLODELOLW\ RI WKH RWKHU WR H[FKDQJH GDWD DQG D SDWKZD\ PXVW EH IRXQG WKURXJK WKH QHWZRUN E\ ZKLFK WKH GDWD FDQ EH VHQW
7KLV VWHS LV FDOOHG FRQQHFWLRQ HVWDEOLVKPHQW &RQQHFWLRQ HVWDEOLVKPHQW UHTXLUHV WKUHH DFWLRQV FDOOHG WKUHH ZD\ KDQGVKDNH DV VKRZQ LQ ILJXUH JLYHQ EHORZ x
7KH FRPSXWHU UHTXHVWLQJ WKH FRQQHFWLRQ VHQGV D FRQQHFWLRQ UHTXHVW SDFNHW WR WKH LQWHQGHG UHFHLYHU
x
7KH UHVSRQGLQJ FRPSXWHU UHWXUQV D FRQILUPDWLRQ SDFNHW WR WKH UHTXHVWLQJ FRPSXWHU
x
7KH UHTXHVWLQJ FRPSXWLQJ UHWXUQV D SDFNHW DFNQRZOHGJLQJ WKH FRQILUPDWLRQ
7UDQVSRUW /D\HU
)LJXUH &RQQHFWLRQ (VWDEOLVKPHQW
&RQQHFWLRQ 7HUPLQDWLRQ 2QFH DOO RI WKH GDWD KDYH EHHQ WUDQVIHUUHG WKH FRQQHFWLRQ PXVW EH WHUPLQDWHG &RQQHFWLRQ WHUPLQDWLRQ DOVR UHTXLUHV WKUHH ZD\ KDQGVKDNH DV VKRZQ LQ ILJXUH x
5HTXHVWLQJ FRPSXWHU VHQGV D GLVFRQQHFWLRQ UHTXHVW SDFNHW
x
5HVSRQGLQJ FRPSXWHUV FRQILUPV WKH GLVFRQQHFWLRQ UHTXHVW
x
7KH UHTXHVWLQJ FRPSXWHU DFNQRZOHGJHV WKH FRQILUPDWLRQ
)LJXUH &RQQHFWLRQ 7HUPLQDWLRQ
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
08/7,3/(;,1*
7R LPSURYH WUDQVPLVVLRQ HIILFLHQF\ WKH WUDQVSRUW OD\HU KDV WKH RSWLRQ RI PXOWLSOH[LQJ 0XOWLSOH[LQJ DW WKLV OD\HU RFFXUV LQ WZR ZD\V DV VKRZQ LQ ILJXUH
8SZDUG PHDQLQJ WKDW PXOWLSOH WUDQVSRUW OD\HU FRQQHFWLRQV XVH WKH VDPH QHWZRUN FRQQHFWLRQ
'RZQZDUG PHDQLQJ WKDW RQH WUDQVSRUW OD\HU FRQQHFWLRQ XVHV PXOWLSOH QHWZRUN FRQQHFWLRQV
8SSHU /D\HUV 6WDFN
8SSHU /D\HUV 6WDFN
8SSHU /D\HUV 6WDFN
8SSHU /D\HUV 6WDFN
7UDQVSRUW /D\HU
7UDQVSRUW /D\HU
2QH 9LUWXDO &LUFXLW
7KUHH 9LUWXDO &LUFXLWV
8SZDUG
'RZQZDUG
)LJXUH 8SZDUG DQG GRZQZDUG 0XOWLSOH[LQJ
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
&21*(67,21 &21752/
&RQJHVWLRQ FRQWURO UHIHUV WR WHFKQLTXHV DQG PHFKDQLVPV WKDW FDQ HLWKHU SUHYHQW FRQJHVWLRQ EHIRUH LW KDSSHQV RU UHPRYH FRQJHVWLRQ DIWHU LW KDV KDSSHQHG &RQJHVWLRQ FRQWURO PHFKDQLVP LV GLYLGHG LQWR WZR EURDG FDWHJRULHV
7UDQVSRUW /D\HU
)LJXUH
2SHQ /RRS 3ROLFHV DUH DSSOLHG WR SUHYHQW FRQJHVWLRQ EHIRUH LW KDSSHQV &ORVHG /RRS 0HFKDQLVP WU\ WR DOOHYLDWH FRQJHVWLRQV DIWHU LW KDSSHQV &RQJHVWLRQ &RQWURO 3ROLF\ 7&3¶V JHQHUDO SROLF\ IRU KDQGOLQJ FRQJHVWLRQ LV EDVHG RQ SKDVHV x
6ORZ VWDUW
x
&RQJHVWLRQ DYRLGDQFH DQG
x
&RQJHVWLRQ GHWHFWLRQ
7KH VHQGHU VWDUWV ZLWK D YHU\ VORZ UDWH RI WUDQVPLVVLRQ EXW LQFUHDVHV WKH UDWH UDSLGO\ WR UHDFK D WKUHVKROG :KHQ WKUHVKROG LV UHDFKHG WKH GDWD UDWH LV UHGXFHG WR DYRLG FRQJHVWLRQ &RQJHVWLRQ $YRLGDQFH $GGLWLYH ,QFUHDVH ,Q WKH FRQJHVWLRQ DYRLGDQFH DOJRULWKP WKH VL]H RI WKH FRQJHVWLRQ ZLQGRZ LQFUHDVHV DGGLWLYHO\ XQWLO FRQJHVWLRQ LV GHWHFWHG &RQJHVWLRQ 'HWHFWLRQ 0XOWLSOLFDWLYH 'HFUHDVH $Q LPSOHPHQWDWLRQ UHDFWV WR FRQJHVWLRQ GHWHFWLRQ LQ RQH RI WKH IROORZLQJ ZD\V
,I GHWHFWLRQ LV E\ WLPH RXW D QHZ VORZ VWDUW SKDVH VWDUWV
,I GHWHFWLRQ LV E\ WKUHH DFNQRZOHGJHPHQWV $FNV D QHZ FRQJHVWLRQ $YRLGDQFH SKDVH VWDUWV
6ORZ 6WDUW ([SRQHQWLDO ,QFUHDVH $W WKH EHJLQQLQJ RI WKH FRQQHFWLRQ VHW WKH FRQJHVWLRQ ZLQGRZ VL]H WR WKH PD[LPXP VHJPHQW VL]H )RU HDFK VHJPHQW WKDW LV DFNQRZOHGJHG LQFUHDVH WKH VL]H RI WKH FRQJHVWLRQ ZLQGRZ E\ RQH PD[LPXP VL]H XQWLO \RX UHDFK D WKUHVKROG RI KDOI WKH DOORZDEOH ZLQGRZ VL]H 7KLV LV VRPH WLPHU FDOOHG VORZ VWDUW ZKLFK LV WRWDOO\ PLVOHDGLQJ EHFDXVH WKH SURFHVV LV QRW VORZ DW DOO
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
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
48$/,7< 2) 6(59,&(6 426
$ VWUHDP RI SDFNHW IURP D VRXUFH WR D GHVWLQDWLRQ LV FDOOHG D IORZ ,Q FRQQHFWLRQ RULHQWHG QHWZRUN DOO WKH SDFNHWV EHORQJLQJ WR D IORZ WKH VDPH URXWH %XW LQ FRQQHFWLRQ OHVV QHWZRUN WKH\ PD\ IROORZ GLIIHUHQW URXWHV 7KH QHHG RI HDFK IORZ FDQ EH FKDUDFWHUL]HG E\ IRXU SULPDU\ SDUDPHWHUV
5HOLDELOLW\ 5HOLDELOLW\ LV WKH DELOLW\ RI D V\VWHP WR SHUIRUP DQG PDLQWDLQ LWV IXQFWLRQV LQ QRUPDO FRQGLWLRQV DV ZHOO DV XQGHU XQH[SHFWHG FRQGLWLRQV
'HOD\ LV GHILQHG DV WKH WLPH LQWHUYDO HODSVHG EHWZHHQ WKH GHSDUWXUHV RI GDWD IURP WKH VRXUFH WR LWV DUULYDO DW WKH GHVWLQDWLRQ
-LWWHU -LWWHU UHIHUV WR WKH YDULDWLRQ LQ WLPH EHWZHHQ SDFNHWV DUULYLQJ DW WKH GHVWLQDWLRQ
%DQGZLGWK UHIHUV WR WKH GDWD UDWH VXSSRUWHG E\ D QHWZRUN FRQQHFWLRQ RU LQWHUIDFH
7HFKQLTXHV WR ,PSURYH 426
2YHU 3URYLVLRQLQJ $Q HDV\ VROXWLRQ LV WR SURYLGH VR PXFK URXWHU FDSDFLW\ EXIIHU VSDFH DQG EDQGZLGWK WKDW WKH SDFNHWV MXVW IO\ WKURXJK FRVWO\
%XIIHULQJ )ORZV FDQ EH EXIIHUHG RQ WKH UHFHLYLQJ VLGH EHIRUH EHLQJ GHOLYHUHG %XIIHULQJ WKRVH GRHV QRW DIIHFWHG WKH UHOLDELOLW\ RI EDQGZLGWK DQG LQFUHDVHV WKH GHOD\ EXW LW VPRRWKHV RXW WKH MLWWHU
6FKHGXOLQJ 3DFNHWV IURP GLIIHUHQW IORZV DUULYH DW D VZLWFK RU URXWHU IRU SURFHVVLQJ $ JRRG VFKHGXOLQJ WHFKQLTXH WUHDWV WKH GLIIHUHQW IORZV LQ D IDLU DQG DSSURSULDWH PDQQHU +HUH ZH GLVFXVV VRPH VFKHGXOLQJ WHFKQLTXHV WR LPSURYH WKH TXDOLW\ RI VHUYLFH VXFK DV L
),)2 4XHXLQJ
LL
3ULRULW\ 4XHXLQJ
LLL :HLJKWHG )DLU 4XHXLQJ
7UDQVSRUW /D\HU
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
7UDIILF 6KDSLQJ D
/HDN\ EXFNHW
E
7RNHQ EXFNHW
7&3 :,1'2: 0$1$*(0(17
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¶V VOLGLQJ ZLQGRZ LV E\WH RULHQWHG 7&3¶V 6OLGLQJ :LQGRZ 7KH VRXUFH GRHV QRW KDYH WR VHQG D IXOO ZLQGRZ¶V ZRUWK RI GDWD 7KH VL]H RI WKH ZLQGRZ FDQ EH LQFUHDVHG RU GHFUHDVHG E\ WKH GHVWLQDWLRQ 7KH GHVWLQDWLRQ FDQ VHQG DQ DFNQRZOHGJHPHQW DW DQ\ WLPH 6LOO\ :LQGRZ 6\QGURPH 6LOO\ :LQGRZ 6\QGURPH LV DQRWKHU SUREOHP WKDW FDQ GHJUDGH WKH 7&3 SHUIRUPDQFH 7KLV SUREOHP RFFXUV ZKHQ WKH VHQGHU WUDQVPLWV GDWD LQ ODUJH EORFNV EXW DQ LQWHUDFWLYH DSSOLFDWLRQ RQ WKH UHFHLYHU VLGH UHDGV GDWD E\WH DW D WLPH DV VKRZQ LQ ILJXUH
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
5HFHLYHU %XIIHU LV )XOO
%\WH 6SDFH %HFRPHV (PSW\
$SSOLFDWLRQ UHDGV E\WH
$ :LQGRZ 8SGDWH 6HJPHQW 6HQW
+HDGHU
$ 1HZ %\WH $UULYHV
+HDGHU
E\WH
5HFHLYHU %XIIHU LV )XOO
)LJXUH 6LOO\ :LQGRZ 6\QGURPH
,QLWLDOO\ WKH UHFHLYHU¶V EXIIHU LV IXOO VR LW VHQGV D ZLQGRZ VL]H WR EORFN WKH VHQGHU
%XW WKH LQWHUDFWLYH DSSOLFDWLRQ UHDGV RQH E\WH IURP WKH EXIIHU VR RQH E\WH VSDFH EHFRPHV HPSW\
7KH UHFHLYLQJ 7&3 VHQGV D ZLQGRZ XSGDWH WR WKH VHQGHU LQIRUPLQJ WKDW LW FDQ VHQG E\WH
7KH VHQGHU VHQGV QHZ E\WH
7KH EXIIHU LV IXOO DJDLQ DQG WKH ZLQGRZ VL]H LV 7KH EHKDYLRU FDQ FRQWLQXH IRUHYHU¶V
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
32576 ,Q FRPSXWHU QHWZRUNLQJ RI FRQQHFWLRQ EDVHG FRPPXQLFDWLRQ SRUW LV OLNH D PHGLXP WKURXJK ZKLFK DQ DSSOLFDWLRQ HVWDEOLVK D FRQQHFWLRQ ZLWK DQRWKHU DSSOLFDWLRQ E\ ELQGLQJ D VRFNHW E\ D SRUW QXPEHU $GGUHVVLQJ WKH LQIRUPDWLRQ DQG WKH SRUW QXPEHU DFFRPSDQLHG WKH GDWD WUDQVIHU RYHU WKH QHWZRUN
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
7UDQVSRUW /D\HU
7&3 DQG 8'3 SRUWV DUH ELW QXPEHU 7KH 7&3 DQG 8'3 SURWRFROV XVH SRUWV WR PDS LQFRPLQJ GDWD WR D SDUWLFXODU SURFHVV UXQQLQJ RQ D FRPSXWHU x 3RUW LV UHSUHVHQWHG E\ D SRVLWLYH ELW LQWHJHU YDOXH x
6RPH SRUWV KDYH EHHQ UHVHUYHG WR VXSSRUW FRPPRQ ZHOO NQRZQ VHUYLFHV o )73 7&3 o 7(/1(7 7&3 o 6073 7&3 o /2*,1 7&3
x
8VHU OHYHO SURFHVV VHUYLFHV JHQHUDOO\ XVH SRUW QXPEHU YDOXH !
7\SHV RI 3RUW
:HOO NQRZQ SRUW WR 7KH\ DUH FRQWUROOHG E\ ,$1$
5HJLVWHUHG 3RUW
'\QDPLF SRUW
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
3RUW QR
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
'R \RX NQRZ" ,I ZH FRQVLGHU WKH UDQJH RI WKH SRUW QXPEHUV WKHUH DUH WR SRUWV DYDLODEOH 7LSV 7KH SRUW QXPEHUV UDQJLQJ IURP DUH UHVHUYHG SRUWV RU ZH FDQ VD\ WKDW DUH UHVWULFWHG SRUWV $OO WKH WR SRUWV DUH UHVHUYHG IRU XVH E\ ZHOO NQRZQ VHUYLFHV VXFK DV )73 WHOQHW DQG KWWS DQG RWKHU V\VWHP VHUYLFHV 7KHVH SRUWV DUH FDOOHG ZHOO NQRZQ SRUWV
) &KHFN <RXU 3URJUHVV
/LVW WKUHH VWDJHV RI &RQQHFWLRQ 2ULHQWHG WUDQVPLVVLRQ «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
&RPSDUH DQG FRQWUDVW EHWZHHQ 8SZDUG DQG 'RZQZDUG 0XOWLSOH[LQJ «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
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
5()(5(1&(6 )857+(5 5($',1*
&RPSXWHU 1HWZRUNV $ 6 7DQHQEDXP WK (GLWLRQ 3UDFWLFH +DOO RI ,QGLD 1HZ 'HOKL
,QWURGXFWLRQ WR 'DWD &RPPXQLFDWLRQ 1HWZRUNLQJ UG (GLWLRQ %HKURX] )RURX]DQ 7DWD 0F*UDZ +LOO
'RXJODV ( &RPHU ,QWHUQHWZRUNLQJ ZLWK 7&3 ,3 9RO 3ULQFLSOHV 3URWRFROV DQG $UFKLWHFWXUH WK (GLWLRQ
-DPHV ) .XURVH &RPSXWHU 1HWZRUNLQJ $ 7RS 'RZQ $SSURDFK )HDWXULQJ WKH ,QWHUQHW UG (GLWLRQ
/DUU\ / 3HWHUVRQ &RPSXWHU 1HWZRUNV $ 6\VWHPV $SSURDFK UG (GLWLRQ 7KH 0RUJDQ .DXIPDQQ 6HULHV LQ 1HWZRUNLQJ
: 5LFKDUG 6WHYHQV 7KH 3URWRFROV 7&3 ,3 ,OOXVWUDWHG 9ROXPH
ZZZ ZLNLSHGLD RUJ
:LOOLDP 6WDOOLQJV 'DWD DQG &RPSXWHU &RPPXQLFDWLRQV 6HYHQWK (GLWLRQ
7UDQVSRUW /D\HU
62/87,21 $16:(56 ) &KHFN <RXU 3URJUHVV
7UDQVSRUW OD\HU PDNHV VXUH WKDW WKH HQWLUH PHVVDJH QRW D VLQJOH SDFNHWV UHFHLYHV LV GHOLYHUHG WR D SURFHVV WKDW LV WKH HQG ODVW HQWLW\ SDUWLFLSDWLQJ LQ PHVVDJH H[FKDQJH 6R LW SURYLGHV SURFHVV WR SURFHVV RU HQG WR HQG GHOLYHU\ RI DQ HQWLUH PHVVDJH
7UDQVSRUW /D\HU LV UHVSRQVLEOH IRU UHOLDEOH GHOLYHU\ RI GDWD LW SURYLGH IROORZLQJ PHWKRGV WR SURYLGH UHOLDEOH GHOLYHU\ RI GDWD x
(UURU FRQWURO
x
6HTXHQFH FRQWURO
x
/RVV FRQWURO
x
'XSOLFDWLRQ FRQWURO
) &KHFN <RXU 3URJUHVV
&RQQHFWLRQ 2ULHQWHG WUDQVPLVVLRQ KDV IROORZLQJ WKUHH VWDJHV L
&RQQHFWLRQ HVWDEOLVKPHQW
LL
'DWD WUDQVIHU
LLL
&RQQHFWLRQ WHUPLQDWLRQ
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
-2./)0)21/2345)*6714)
8479:4973)
>?@A BCDEFGHIDJFC >?>A KLMNIDJONP >?QA RSJDITJCU >?WA XFHDJCUYZUFEJDT[
>?W?>A ]Z^PPJ_JI^DJFCF_XFHDJCUYZUFEJDT[P >?W?QA `FCaYG^bDJONXFHDJCUYZUFEJDT[ cRD^DJIXFHDJCUd >?W?WA efC^[JIXFHDJCUYZUFEJDT[ cYG^bDJONd >?W?gA ]F[b^EJPFChJCiRD^DNjNEPHPeJPD^CINjNIDFEXFHDJCU >?gA ]FCUNPDJFC]FCDEFZ >?g?>A YZUFEJDT[ kFE]FCUNPDJFC]FCDEFZ >?1A `NDSFEiYGGENPPJCU >?1?>A ]Z^PP_HZYGGENPPJCU >?1?QA `NDBe ^CGlFPDBe
2345678)*+,37) )
;+<3)26=) 1 1 V \
>1 Q@
>?VA kE^U[NCD^DJFC >?\A mEEFEnNPP^UJCURNEOJINP
QV Qo
>?oA RH[[^Ef >?rA kHEDTNEXN^GJCU >?>@RFZHDJFCsYCPSNEP
WQ WQ WW
>?\?>A B]npcBCDNECND]FCDEFZnNPP^UNpEFDFIFZd >?\?QA BqnpcBCDNECNDqEFHbnNPP^UNpEFDFIFZd
0=tu .2/43v-w/.32)
YPfFHiCFSxDTNCNDSFEiZ^fNEJPFCNF_DTNJ[bFED^CDZ^fNEPF_KRB[FGNZ?BDJP ENPbFCPJLZN_FEGJ__NENCDD^PiPF_CNDSFEiJCUxLHD[^JCZfJDPEFZNJPDFGNDNE[JCN ^GGENPPNP^CG_JCGJCU^EFHDNLNDSNNC^PFHEIN^CGGNPDJC^DJFCCFGNFELNDSNNCDSF JCDNE[NGJ^DNGNOJINP?BDNPD^LZJPTNP^CG[^JCD^JCP^ZFUJI^ZIFCCNIDJFCLNDSNNCDTNPN DSFCFGNPxNJDTNE^IFCCNIDJFCZNPPFE^IFCCNIDJFCFEJNCDNGIF[[HCJI^DJFC?yTNL^PJI bHEbFPNF_DTNCNDSFEiZ^fNEJPDFbEFOJGN^CNDSFEiDFCNDSFEiIF[[HCJI^DJFC I^b^LJZJDfJCIFCDE^PDDF[^ITJCNDF[^ITJCNIF[[FCbEFOJGNGLfG^D^ZJCNZ^fNE?yTN CNDSFEiZ^fNEIFCDEFZPDTNFbNE^DJFCF_DTNPHLCND?YiNfGNPJUCJPPHNJPGNDNE[JCJCU TFSb^IiNDP^ENEFHDNG_EF[PFHEINDFGNPDJC^DJFC?XFHDNPI^CLNGNDNE[JCNGL^PNGFC PD^DJID^LZNPDT^D^ENzSJENGJCDF{DTNCNDSFEi^CGE^ENZfIT^CUNG?B_DFF[^Cfb^IiNDP ^ENbENPNCDJCDTNPHLCND^DDTNP^[NDJ[NxDTNfSJZZUNDJCFCN^CFDTNE|PS^f_FE[JCU LFDDZNCNIiP?yTNIFCDEFZZJCUPHITIFCUNPDJFC^ZPFLNZFCUPDFDTNCNDSFEiZ^fNE?yTN }H^ZJDfF_PNEOJIN^ZPFGNbNCGPFCCNDSFEiZ^fNEJPPHN? BCDTJPHCJDxSNSJZZPDHGfDTN_HCG^[NCD^ZBPPHNPF_CNDSFEiZ^fNE?yTNPNJPPHNP^EN GNPJUCJCUJCDNE_^INLNDSNNCDTNTFPD^CGDTNCNDSFEixDTNEFHDJCU[NDTFGPxIFCUNPDJFC IFCDEFZ[NDTFGP^CGBCDNECNDSFEiJCUJPPHNP?BCDTJPHCJDSNSJZZPDHGfTFSEFHDJCUJP GFCN^DCNDSFEiZ^fNEHPJCU^G^bDJON^CGCFC^G^bDJON^ZUFEJDT[?~NSJZZ^ZPFGJPIHPP DTN`NDSFEi^GGENPPJCU?kHEDTNExPF[NmEEFEENbFEDJCUbEFDFIFZPB]np^CGBqnpFC CNDSFEiZ^fNESJZZLNGJPIHPPNG?
0=0u 3 1w/. 18))
Y_DNEUFJCUDTEFHUTDTJPHCJDxfFHPTFHZGLN^LZNDF A CFSDTNL^PJIJPPHNPF_CNDSFEiZ^fNE A CGNEPD^CGDTNGJ__NENCDPSJDITJCU[NDTFGPHPNG^DCNDSFEiZ^fNE A CFSDTNEFHDJCU[NIT^CJP[P 1
23456789*+7,-./674* ,-0*1//234,436-* 5,637*
78 9:;<=>?@:;?A<BC:D<>?EC:BC:?=CFG<?AC;> 78 HEII<=<:?E@?<J<?K<<:@;@L?EM<@:;:C:@;@L?EM<@FDC=E?AG 78 N:CKL=CB<>>CIO==C==<LC=?E:DL=C?CBCF>@?:<?KC=PF@Q<=
RSTU VWX+YZX2[*
\>QC]A@M<>?];E<;<@=FE<=E:JFCBP^_]:E?`_?A@?aKE?BAE:DE>]><;?C;<?<=GE:<?A< L@?A?CJ<]><;IC=IC=K@=;E:D?A<E:IC=G@?EC:?C?A<=<B<EM<=bcC]@F>CP:CK?A@??A< aKE?BAE:DG<?AC;>@=<G@E:FQ;EME;<;E:?CdE=B]E?_e<>>@D<@:;f@BP<?>KE?BAE:Dbg: ?AE>><B?EC:_K<KEFF<hLFC=<?A<C?A<=>KE?BAE:DG<BA@:E>GFEP<ME=?]@FBE=B]E?@:; ;@?@D=@Gb iE=?]@FBE=B]E?E>@BC::<B?EC:C=E<:?<;BCGG]:EB@?EC:><=MEB<?A@?E>;<FEM<=<;JQ G<@:>CIL@BP<?GC;<BCGG]:EB@?EC:b\I?<=@BC::<B?EC:C=ME=?]@FBE=B]E?E> <>?@JFE>A<;J<?K<<:?KC:C;<>C=@LLFEB@?EC:L=CB<>><>_@JE?>?=<@GG@QJ<;<FEM<=<; J<?K<<:?A<:C;<>bg?E>>EGEF@=?C?A<BE=B]E?>KE?BAE:DC:FQE:ME=?]@FBE=B]E? L<=G@:<:?jLAQ>EB@FBC::<B?EC:@=<:C?<>?@JFE>A<;bgI=C]?<=I@EF>@FFME=?]@FBE=B]E?> ?A@?L@>>?A=C]DA_?A<I@EF<;=C]?<=@=<?<=GE:@?<;b H@?@D=@GE>CLLC>E?<CIiE=?]@FBE=B]E?_E?E>BC::<B?EC:F<>>><=MEB<b\;@?@D=@GC= L@BP<?:<<;>?CJ<><FIkBC:?@E:<;KE?AC]?@:Q;<L<:;<:BQC:<@=FE<=;@?@k?=@:>I<= J<B@]><?A<=<E>:CBC::<B?EC:CIIEh<;;]=@?EC:J<?K<<:?A<?KCBCGG]:EB@?E:D :C;<>@>>ACK:E:IED]=<^blCFFCKE:Dm@JF<^>ACK?A<;EII<=<:B<J<?K<<:BE=B]E? >KE?BAE:D_ME=?]@FBE=B]E?@:;;@?@D=@Gn +,o23*Rp**q3rr373-43*s34533-*Y374t34*V5344u3-v9*w374t,2*Y374t34*,-0*q,4,v7,x* abyCb Y374t34*V5344u3-v w374t,2*Y374t34 q,4,v7,x ^b H<;EB@?<;L@?AJ<?K<<: yC:k;<;EB@?<; yC:k;<;EB@?<;b ><:;<=@:;=<B<EM<= J<?K<<:><:;<=@:; =<B<EM<=b zb dC::<B?EC:C=E<:?<;{EDAFQ dC::<B?EC:C=E<:?<; dC::<B?EC:F<>> |<FE@JF< `b H@?@?=@:>I<=E:BC:?E:]C]> H@?@?=@:>I<=E: H@?@?=@:>I<=E: IC=Gb L@BP<?> L@BP<?>b }b ~@:;KE;?AE>IEh<;b yC?IE:<;;Q:@GEBb HQ:@GEB b ObDb?<F<LAC:<><=MEB<> a]J:<? g:?<=:<? 1b H@?@?=@:>I<=E:MCEB<IC=Gb H@?@?=@:>I<= m<h?IC=G ]>]@FFQE:?<h?I=CGb b d@FF><?]L;<F@QE> H<F@QeC;<=@?< d@FF><?]L G@hEG]Gb :<DFEDEJF<b b m=@:>GE>>EC:;<F@Q eC;<=@?< e@hEG]G GE:EG]G ?=@:>GE>>EC:;<F@Q b 9:]><;J@:;KE;?AE> ]>? eC;<=@?< yCK@>?<;b K@>?<; * * 1
2345678)*+,37) )
-./073)12)3.740.4)55.446.7/8)9.740+:)4.740.4)+7;)<+4+/7+=)>:3?4)46)7./64@)
1ABC DEFGH2I)J*IEDHGKL)
MNOPQRSTUSVWRXSXTWNOSOWYXZ[\Q]OZR^ZXUWRS_`QV[OW^TZXPWNO^XUZVOPQVNRSOWX WNOaO^WRSQWRXSPQVNRSObcXdWNOQ\_XZRWNPWNQWVNXX^OWNOZXUWO^QSaWNOaQWQ ^WZUVWUZOWNQWWNO]U^OQZOQPQeXZQZOQXTSOWYXZ[\Q]OZaO^R_Sb fWR^WNQW`QZWXTWNOSOWYXZ[\Q]OZZO^`XS^Rg\OTXZaOVRaRS_YNRVNXUW`UW\RSOQS RSVXPRS_`QV[OW^NXU\agOWZQS^PRWWOaXSb <35.73;)h76i374.35)6?)+)D604.7/)J:/67.46=) jbk 3677344.672)MNOZXUWRS_^NXU\agOaXSO`ZX`OZ\]QSaVXZZOVW\]^XWNQWWNO `QV[OW^PQ]ZOQVNWNORZ`ZX`OZaO^WRSQWRXSb lbk m.=i:.4.4,2)MNOZXUWRS_^NXU\agOaXSORSQ^RP`\OPQSSOZ^XWNQWWNOXnOZ NOQaR^Q^\XYQ^`X^^Rg\Ob obk D6p05473552)qSVOQPQeXZSOWYXZ[gOVXPO^X`OZQWRnOdRWPQ]gOOr`OVWOaWX ZUSVXSWRSUXU^\]TXZ]OQZ^YRWNXUWQS]TQR\UZOb sbk m4+p.:.4,2)MNOZXUWRS_Q\_XZRWNP^NXU\agO^WQg\OUSaOZQ\\`X^^Rg\O VRZVUP^WQSVO^b tbk -+.773552)unOZ]SXaOVXSSOVWOaWXWNOSOWYXZ[_OW^QTQRZVNQS_OXT WZQS^PRWWRS_WNORZ`QV[OW^bMNR^R^_OSOZQ\\]aXSOXSQTRZ^WVXPOTRZ^W^OZnO gQ^R^b vbk Ei4.=+:.4,2)MNOZXUWRS_Q\_XZRWNP^^NXU\agOX`WRPQ\RSWOZP^XTWNZXU_N`UW QSaPRSRPRwRS_POQS`QV[OWaO\Q]^bxOZOWNOZOR^QWZQaOXTTQSaXSONQ^WX VNXX^OaO`OSaRS_XSNR^^URWQgR\RW]b
1ABA1C3:+55.?.4+4.67)6?)D604.7/)J:/67.46=5)
yXUWRS_Q\_XZRWNPPQ]gOV\Q^^RTROaQ^TX\\XY^z jbk {aQ`WRnO{\_XZRWNP lbk |XS}QaQ`WRnOQ\_XZRWNP^ J;+i4.~3)+:/67.46=5)U^O^UVNa]SQPRVRSTXZPQWRXSQ^VUZZOSWWX`X\X_]d\XQaaO\Q] OWVWX^O\OVWZXUWO^b 267)+;+i4.~3)+:/67.46=5dZXUWO^SOnOZVNQS_O^XSVORSRWRQ\ZXUWO^NQnOgOOS ^O\OVWOab{\^XdVQ\\Oa^WQWRVZXUWRS_b 1
23456789*+7,-./674* ,-0*1//234,436-* 5,637*
10,/4373*86943-:*12:6734;<*=>6-,<34*86943-:?* @ABCDEFGHACGIJJKLAIEFMGBIHIKEAKJGNOGBABCDEFGHIEACGAKPKOKFQDEMIEAJDNNIBDH RGOOSTCGHGFGAACGIJJKLAIEFIENKJUDAIKENJKUDMVDBGEAJKLAGJHKJNJKUDOOJKLAGJHS WKLAIEFMGBIHIKEUDQXGBCDEFGMRCGEEGARKJYAKPKOKFQDEMZKJAJDNNIBOKDMBCDEFGHS TCGKPAIUI[DAIKEPDJDUGAGJHDJGACGMIHADEBG\ELUXGJKNCKPHDEMGHAIUDAGMAJDEHIA AIUGS ]MDPAI^GJKLAIEFDOFKJIACUHBDEXGNLJACGJBODHHINIGMDHNKOOKRH_ `Sa b.62,430c*dDBCJKLAGJUDYGHIAHJKLAIEFMGBIHIKEHLHIEFKEOQACGOKBDO IENKJUDAIKEIACDHKECDEMSePGBINIBDOOQ\JKLAGJHMKEKAG^GEGfBCDEFG IENKJUDAIKERIACACGIJEGIFCXKJHS gSa h3-47,23i30c*]BGEAJDOI[GMEKMGUDYGHDOOJKLAIEFMGBIHIKEHPGBINIBDOOQACG BGEAJDOI[GMEKMGCDHDBBGHHAKFOKXDOIENKJUDAIKES jSa >3.473k9430c*]OFKJIACUACDALHGHDBKUXIEDAIKEKNOKBDODEMFOKXDO IENKJUDAIKES b.62,430c*@EACIHUGACKM\ACGEKMGMGBIMGHACGJKLAIEFRIACKLAHGGYIEFIENKJUDAIKE NJKUKACGJEKMGSTCGMIHDM^DEADFGIHACDAACGPDBYGAUDQXGHGEAACJKLFCDBKEFGHAGM JKLAGJGHLOAIEFIEDMGODQS eKUGKNACGGfDUPOGHKNACIHAQPGKNDOFKJIACUNKJJKLAIEFDJG_ la m64*n64,46*86943-:c*oKJUKNJKLAIEFIERCIBCACGEKMGHKNDEGARKJYCD^GEK XLNNGJAKHAKJGPDBYGAHIEXGNKJGACGQDJGUK^GMKEAKACGIJNIEDOPJGMGAGJUIEGM MGHAIEDAIKES la @EEKJUDOJKLAIEFHIALDAIKE\RCGEULOAIPOGPDBYGAHBKEAGEMNKJDHIEFOGKLAFKIEF BCDEEGO\PDBYGAHACDADJGEKAXLNNGJGMDJGMJKPPGMAKD^KIMBKEFGHAIKES la pDBYRDJMqGDJEIEF_@EACIHUGACKMACGJKLAIEFADXOGHDAGDBCEKMGFGAH UKMINIGMXQIENKJUDAIKENJKUACGIEBKUIEFPDBYGAHSpDBYRDJMOGDJEIEFJKLAIEF DOFKJIACULHGMNKJJKLAIEFAJDNNIBACDAUDYGHMGBIHIKEHXQDHHLUGACDADBDE KPAIUDOOQJGDBCpACJKLFCrS h3-47,23i30*86943-:* 107,-4,:3c*sEOQKEGEKMGIHJGtLIJGMAKYGGPACGIENKJUDAIKES >3.,07,-4,:3c*@NACGBGEAJDOEKMGFKGHMKREACGGEAIJGEGARKJYIHMKRE\ISGSHIEFOG PKIEAKNNDIOLJGS >3.473k9430c*@AJGBGI^GHIENKJUDAIKENJKUIAHEGIFCXKJIEFEKMGHDEMACGEADYGHACG MGBIHIKEDXKLARCIBCRDQAKHGEMACGPDBYGAS >3.,07,-4,:3.c*@NIEXGARGGEACGIEAGJ^DOIAJGBGI^GHIENKJUDAIKEDEMHGEMHACG PDBYGA\HKUGACIEFBCDEFGHACGEPDBYGAUDQXGMGODQGMS u/43<,2346*n73-43/23* sPAIUDOIAQPJIEBIPOGIHDFGEGJDOHADAGUGEADXKLAKPAIUDOJKLAGHJGFDJMOGHHKNEGARKJY AKPKOKFQKJAJDNNIBS a
v3:973*wc**1-*3x,</23*6y*u/43<,2346*n73-43/23*
1
-./0123212452/67.8912:;<6=2>?@/.A;B./C@1.45.@B2D/;/2D/0;/.3169/21E.D64/02 6@/.A;B@;/0316A169/21FEG/6169/21FHG/024/026@/.A;B@;/0316AFIG/6FHG;BD6 3;BBD;B648/02D;A2169/2J K6@16=2/02;<6=2D/;/2A24/L25;4D;C>.3/0212L;D;<2//21L;C316AI/6H>/024 C69569BM9D2/0;/L./0/02@;/0316AE/6I361;<2//21@;/0316AE/6H>D6C691 D/;1/.48@6.4/N/02@;/0316AE/6HL;D6@/.A;BO.D564/1;M.5/2MJ
2345678)*+,37) )
PQRQST26UVWX+Y4Z[3)\6]4ZU^)W_^67Z4`a)bc4+4Zd)\6]4ZU^e)
K02D2;B861./0ADM646//;f2/02.1169/.48M25.D.64D64A2;D912A24/D;4M2D/.A;/2D 63/02591124//1;33.5;4M/6@6B68CJE4D/2;M/02169/2/6<2/;f24316A64246M2/6/02 6/021.D56A@9/2M.4;M=;452JK0.D.D;BD6f46L4;DD/;/.5169/.48J gJh c`6743i4)j+4`)\6]4ZU^k)l5561M.48/6/0.D;B861./0A<9.BM;81;@063/02 D9<42/>L./02;5046M26381;@012@12D24/.48;169/21;4M2;50;1563/0281;@0 12@12D24/.4856AA94.5;/.64B.42JK65066D2;169/2<2/L224;@;.163169/21D> m9D/3.4MD/02D061/2D/@;/0<2/L224/02A64/0281;@0J KL6L;CD63A2;D91.48M.D/;452h ;Oh n.D/;452.4/21AD63B.4fM2B;CJ <Oh o2;D91.48@;/0B248/0.449A<216306@DJ E4/02A6D/82421;B5;D2>/02B;<2BD64/02;15569BM<256A@9/2M;D; 3945/.6463/02<;4ML.M/0>;=21;82/1;33.556AA94.5;/.6456D/>A2;4 p9292B248/0A2;D912MM2B;C>;4M6/0213;5/61DJ 5Oh q_66XZU^k)l5561M.48/6/0.D;B861./0A2=21C.456A.48@;5f2/.DD24/69/ 642=21C69/86.48B.422r52@//025642./;11.=2M64J 7B66M.4882421;/2D=;D/49A<2163M9@B.5;/2@;5f2/D94B2DDD6A2 A2;D912D;12/;f24/6M;A@/02@1652DDJ?42D950A2;D912.D/60;=2; 06@5694/21564/;.42M.4/0202;M21632;50@;5f2/>L0.50.DM2512A24/2M ;/2;5006@L./0/02@;5f2/<2.48M.D5;1M2ML024/025694/2112;502D s216JK0206@5694/21D069BM<2.4./.;B.s2M/6/02B248/063@;/0316A D69152/6M2D/.4;/.64JE3/02D24M21M62D46/f46L06LB648/02@;/0.D>./ 5;4<2.4./.;B.s2/025694/21/6/02L61D/5;D2>4;A2BC>/0239BBM.;A2/2163 /02D9<42/Jl4;B/214;/.=2/2504.p92361M;AA.48/023B66M.D/6f22@ /1;5f63L0.50@;5f2/D0;=2<2243B66M2M>/6;=6.MD24M.48/02A69/; D2564M/.A2J MOh c3_3d4Z[3)q_66XZU^) E4/0.D;B861./0A/02169/21DM646/D24M2=21C.456A.48@;5f2/69/64 2=21CB.42>64BC64/06D2B.42/0;/;1286.48;@@16r.A;/2BC.41.80/ M.125/.64J K069803B66M.48.D46/@1;5/.5;B.4A6D/;@@B.5;/.64><9/NC2DO.DM62D 0;=2D6A29D2DJ .Oh tU)aZ_Z4+7,)+YY_Zd+4Z6Uik)K12A24M69D16<9D/42DD633B66M.48.D 0.80BCM2D.1;<B2J ..Oh tU)XZi47Zu]43X)X+4+)u+i3)+YY_Zd+4Z6Uk)E/.DD6A2/.A2D4252DD;1C /69@M;/2;BB/02M;/;<;D2D564591124/BC>.4L0.505;D23B66M.48 5;4<29D239BJ vZi+X[+U4+^3ik) gJh n9@B.5;5C 1
3456789*+,8-./0785+ -.1+200345-547.+ 6-748+
89: ;<=><>?@ABBC><D9 E9: F376GH-/41+I7J54.KL+MN>OPADBQ>?NRSB<O>T@QO?UBO?QP?@D>@O><PSSBV<??B T@S>T@?N@QBV?@9 PW: MBCBABDX9 YW: ZBPT=BQQBV?><D [Q@\>BVOO?P?>SPADBQ>?NRB<AXSB<O>T@QO?BCBABDX><PSSBV<?<B??N@ABPT =BQQBV?><D9MN@YPO>S>T@PY@N><T?N@P<PAXO>O>O?NP?=BQPD>\@<A><@]>= SPCPS>?XP<TP\@QPD@=ABU>O^<BU<]>?>OCBOO>YA@?BSBRCV?@?N@R@P< CPS^@?T@APXB<?NP?A><@=QBR_V@V><D?N@BQX9MN@QBV?><DCQBYA@R?N@< Q@TVS@O?B=><T><D?N@QBV?><DPADBQ>?NR?NP?CQBTVS@O?N@R><>RVR P\@QPD@T@APX=BQ?N@OVY<@?9 `BQ?N>O?@SN<>_V@]S@Q?P><><=BQRP?>B<RVO?Y@^<BU<><PT\P<S@9 SW: MBCBABDX TW: MQP==>SaP?Q>b`>c @W: Z><@SPCPS>?XRP?Q>bd>c 1
f gijh f a@P<T@APX 1 g f a@P<CPS^@?O>l@ m f a@P<=ABU><CPS^@?nO@S9oeBB=PQQ>\PA =QPR@B<CPQ?>SVAPQA><@W9 d f dPCPS>?X MUBSBRRB<R@?NBTOPQ@VO@T?BSPASVAP?@?N@ONBQ?@O?CP?NY@?U@@<?UB QBV?@QO9 19: p>O?P<S@\@S?BQQBV?><Doq@AARP<=BQTQBV?><DPADBQ>?NRP<T?N@`BQT`VA^@QOB< PADBQ>?NRW9 89: Z><^O?P?@QBV?><DoYPO@TB<p>^PO?QPrOPADBQ>?NRW9 eBU M kN@Q@ M
stutuvw7.-x45+I7J54.K+23K7845yx+z21-054{4|+ }BV?><DPADBQ>?NROSP<Y@SAPOO>=>@TYPO@TB<><?@Q~TBRP><P<T ><?QP~TBRP><POONBU<><=>DVQ@ED>\@<Y@ABU9 :
:
: : v F4KJ84+uL+ 3-//4 45-547.+7 +87J54.K+-3K7845yx/+
};[m}BV?><D><=BQRP?>B<CQB?BSBA [`m C@<ONBQ?@O?CP?N=>QO? q [mqBQT@QDP?@UPXCQB?BSBA9 12
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`@A>U;JSI>K=@<98G>A;9CL<>:;9D8N><L>I@Q8<V8DCA>ab
c
2345678)*+,37) )
d d
e.
[06573)fg))h5i234)/0+67+Y)
R@ `A@J `A@J `A@J F F n o a q r n o t u a 1 7 o w n x 1 11 1o tFyp tqys t7yu 1
o
R@ `jklm F p q s t n 7 u x s
F q v 7 F
r
[06573)zg))]2)3{+Y|X3)6})/014+233)~33467) 654026)
;A:M;O9H@Q9;9CL<>: ;A:MLO:H>V8A9:r=@ICJ<9H@Q9:H>G>I;TA>=>8N>GVA@J<>8DHL@A@VA@C:>A t 89F ;<Gq;<G7`@A>U;JSI>E;99H@Q<8<:H>V8DCA>pK F =I;8J9:@H;N>rJ9>=G>I;T:@quJ9>= G>I;T:@ t ;<G9@@<- 8J8I;AIT q =I;8J9:@H;N>oJ9>=G>I;T:@FKaJ9>=G>I;T :@ t ;<G9@@< t H;9>9:8J;:>GH89G>I;T:@<>8DHL@CAFKqK7;9pKsKuA>9S>=:8N>ITMtFypKtqy sKt7yuO @QMaO=@ICJ<9H@Q9H@QA@C:>A t G>=8G>9H89<>QA@C:>:@A@C:>A x -RH>A>;A> :HA>>Q;T9 ;O. _V t V@II@Q9I8<> F :H><G>I;T89txytF Fxyp 1ysJ9>=11
3456789*+,8-./0785+ -.1+200345-547.+ 6-748+
89: ;<=>?<@AA@BCADEF=G?HIFEJFAKLDC>MN>GOGMNPQ11N1RSCF8T J9: ;<=>?<@AA@BCADEF=U?HIFEJFAKLDC>UOUMOVQ12N2WSCF8T XDEJFAKLHDSFDCYDKEFDZI[@\\@]HF=^?C@<\@S>H@MADEFDC8I@CFE=^?DE 8@A]SE_`9 aIFCKSF8KA8]AKHD@ECDCbF\<@\SFJ<@\KAAJFCHDEKHD@EcBDHIHIFEFB\@]HDEZ HK[AFKC_`9 d87e34f+7g+h4/5-.54+i45578+j7k54.l+ 1T:m7k.5+57+n.g4.457+d87e34foUDCHKE8FYF8H@\\@]HDEZIKCKCF\D@]CJ\KB[K8p DEDHC\F8FbHDYDHLT;EbK\HD8]AK\cDH\FK8HC\KbDJALH@Z@@JEFBCc[]HCA@BALH@[KJ EFBCTq@AA@BDEZDAA]CH\KHD@ECI@BCKEDSKZDEFJEFHB@\pKEJJFE@HFCHIF JDCHKE8FC<\@S\@]HF\^H@FYF\L@HIF\\@]HF\DEHIF<DZ]\FPTrEHDAE@B FYF\LHIDEZB@\pC<DEFT
s4lk84+tu+m7k.5+57+n.g4.457+d87e34f+
aIFDAA]CH\KHD@ECI@BCHIKHADEp_^cG9DC[\@pFETv@]HF\G@[CF\YFJDHc[]HDEDHC \@]HDEZHK[AFIFCFFCcHIKH\@]HF\>IKCK\@]HFH@^BDHI2I@bCT aIFb\@[AFSDCcHIKH\@]HF\GJ@FCEwHpE@BHIKH>IKC\@]HF\GKCC]88FCC@\DE IDC\@]HDEZHK[AF@EHIF\@]HFH@^T aIKH@88]\C<@AA@BFJ8@]EHoH@oDE<DEDHLb\@[AFSTGK8H]KADxFCIDC\@]HDEZHK[AF KEJHKpFCHIF\@]HFH@^@YF\\@]HF\>T ;EHIFEFyH<DZ]\FRzBF8KECFFHIFEFBJDCHKE8FCH@^T;E>wC\@]HDEZHIF\@]HF H@^8@EHKDEC\@]HF\GKCEFyHI@b\@]HF\cC@D<GIKCDE8\FKCFIDC8@CHCH@^c> DC<@\8FJH@J@C@Tv@]HF\>DE8\FKCFCIDC8@CHH@^K[@]HGQ1N`T {@BBFCFFHIF8@ECF|]FE8F@<HIFJDCH\D[]HFJGFAASKEoq@\Jb\@H@8@A}GF8K]CF \@]HF\GHKpFCHIFbKHI@YF\>H@^cDH]bJKHFCDHC\@]HDEZHK[AFKEJC@@E~ ^HHIFFEJcHIDCb\@[AFSDCZ@DEZH@DSS@[DADxFHIFBI@AFEFHB@\pT 1T: + +
s4lk84+ u+m7k.5+57+n.g4.457+d87e34f+433k/58-547.+
12
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
`29784*a:*1248,83423,5*6775289**
3456789*+,-48* *
0
`755*b,c54*d78*ef*gh4i5jh4i528,5278k********************1248,83423,5*b,c54*d78*ef* h4i5*+284* 17li* h4i5* +284* 17li* 1; 1; 1m 1m 1 1m 1m 1 1S 1S 1 1S 1S 1 .; 1m . . 1m . .m 1m 2 2 1S . .S 1m 2 n 1S 2 .o 1m n p 1q n 2; 1S 2 2m 1S . n; 1S . nm 1S n nS 1S n p; 1S n pm 1S p pS 1m p po 1S q pr 1S p 12
3456789*+,8-./0785+ -.1+200345-547.+ 6-748+ 89: EDFAL L?BL:Z@ ?; =ABaRF@D@:>?<@ABCAF@9D@ :H:>M B?K:L?BF@><L@FD [DZ ?;@9:L?BB:L@AHA@M @? @9: B:@G?>a_AB @9: ;?>[ ?;DC>DZ9_F9?GABC G9AL9 B?K:F D>: L?BB:L@:K@?G9AL9?@9:> B?K:FOqDL9 B?K: @9:B ABK:Z:BK:B@=M LD=L<=D@:F @9:B:]@E:F@=?CALD=ZD@9 ;>?[ A@@?:H:>MZ?FFAE=: K:F@ABD@A?B AB @9: B:@G?>aO89: L?==:L@A?B ?;E:F@ZD@9FGA==@9:B ;?>[ @9: B?K:jF>?<@ABC @DE=:O
89:;<==>?<@ABC@DE=:DFF9?GBDE?H:;?>1I9DF1J:B@>A:FE<@G9:B>?<@ABCAF K?B:9A:>D>L9ALD==M@9:>:D>:?B=MJ:B@>A:FN::B@>A:F;?>=?LD=>?<@:>F2:B@>A:F ;?>>:CA?BFG9AL9D>:L?BFAK:>:KDFFABC=:>?<@:>OI==@9:@>D;;AL;?>>:CA?BP C?:FEM1QRPI=AB:E<@>:F@?;@>D;;ALC?:FEM1SRTQ=AB:O U4/-1V-.5-W4/X+ 1OY 89:>:AFDZ:BD=@M@?E:ZDAKAB@9:;?>[?;ABL>:DF:KZD@9=:BC@9O\?>:]D[Z=: @9:E:F@>?<@:;>?[1I@?^SAFHAD>:CA?BP_E<@GA@99A:>D>L9ALD=>?<@ABCD== @>D;;AL@?>:CA?B^C?:FHAD>:CA?BT_E:LD<F:@9D@AFE:@@:>;?>[?F@K:F@ABD@A?BF AB>:CA?B^O POY `;FABC=:B:@G?>aE:L?[:H:>M=D>C:@9:B[<=@A=:H:=9A:>D>L9MLDBE:<F:KO 89:Z>:F:BL:?;L?BC:F@A?B[:DBF@9D@@9:=?DKAFN@:[Z?>D>A=MbC>:D@:>@9DB@9: >:F?<>L:FLDB9DBK=:O TOY cABaF@D@:d?<@ABC cABae@D@:>?<@ABCZ>?@?L?=FNDBDKDZ@AH:>?<@ABCD=C?>A@9[bK?B?@HA:G B:@G?>aFAB@:>[F?;DKfDL:B@>?<@:>FDBK9?ZL?<B@F_E<@@9:ME<A=KD L?[Z>:9:BFAH:HA:G?;@9:?H:>D==B:@G?>aG9AL9;<==MK:FL>AE:F@9:D== Z?FFAE=:>?<@:FD=?BCGA@9@9:A>L?F@FOgFABC@9:eh\Ne9?>@:F@hD@9\A>F@b D=C?>A@9[_@9:>?<@:>L>:D@:FDi@?Z?=?CALD=KD@DEDF:iG9AL9AFD9A:>D>L9M >:;=:L@ABC@9:B:@G?>a>?<@:>FA@aB?GFDE?<@O`@@9:BZ<@FA@jFF:=;?B@9:@?Z?; @9AF9A:>D>L9M_DBK9DFDL?[Z=:@:ZAL@<>:;>?[A@jF?GBZ:>FZ:L@AH:O 89:L?[Z=:@:G?>aABC?;D=C?>A@9[LDBE:KAHAK:KAB@?\AH:e@:ZFk 1OY lAFL?H:>M?<>B:AC9E?>FDBK=:D>B@9:A>DKK>:FF:FO `B@9AFZ>?L:FFF:BKmn:==?o_ZDLa:@?B:DL9Z?AB@R@?RZ?AB@=AB:OI;@:>>:L:AHABC @9:9:==?ZDLa:@l:F@ABD@A?B_B?K:>:Z=A:FGA@9A@FDKK>:FFO POY p:DF<>:@9:L?F@NK:=DMb@?:DL9B:AC9E?>O e:BKDBmqSnroZDLa:@?H:>@9:=AB:Ol:F@ABD@A?BAF>:s<A>:K@?>:FZ?BK@? mqSnroZDLa:@A[[:KAD@:=MOp:DF<>:@9:@A[:>:s<A>:K;?>@9AF?Z:>D@A?BO TOY S?BF@><L@DZDLa:@L?B@DABABCD==@9AFAB;?>[D@A?B 89:AB;?>[D@A?B@DE=:FD>:L>:D@ABC9DHABCD==K:@DA=F?;B:AC9E?>ABCB?K:FO 2OY e:BK@9AFZDLa:@@?D==?@9:>>?<@:>FO gF:F:=:L@AH:;=??KABCOe:s<:BL:B<[E:>FZ>:H:B@K<Z=ALD@:ZDLa:@F;>?[E:ABC Z>?ZDCD@:KOc?G:>F:s<:BL:B<[E:>FD>:>:f:L@:KDF?EF?=:@: ^OY S?[Z<@:@9:F9?>@:F@ZD@9@?:H:>M?@9:>>?<@:>O lAfaF@>DtFe9?>@:F@hD@9D=C?>A@9[AF<F:K@?K:@:>[AB:@9:F9?>@:F@ZD@9@?:DL9 K:F@ABD@A?BO u9:BD>?<@:><FABCDcABae@D@:Z>?@?L?=_F<L9DBreh\NrZ:Be9?>@:F@hD@9 \A>F@baB?GFDE?<@DL9DBC:?B@9:B:@G?>a_A@GA==E>?DKLDF@@9AFL9DBC: ABF@DB@=M_@9:>:;?>;=??KABC@9:B:@G?>aGA@9@9AFAB;?>[D@A?BO89:AB;?>[D@A?B >?<@:>F>:s<A>:@?E<A=K@9:A>KD@DEDF:FAFZ>?HAK:KAB@9:;?>[?;cABae@D@: DKH:>@AF:[:B@ZDLa:@FNceIhbOd?<@:>FK?B?@DKH:>@AF:@9:A>:B@A>:>?<@ABC @DE=:FvABF@:DK:DL9>?<@:>DKH:>@AF:F?B=MA@FAB;?>[D@A?B>:CD>KABC A[[:KAD@:=MDKfDL:B@>?<@:>FO
wxyxz{|7}0-84/7.+64.9+~5-54+ 48/ /+U4/5-.54+ 45578+ 7 54.W+
12
./ 01234565786491:;7;<=>=7?@1=7;7254 ./ A2B1234565748<=5745C658D<;C@5651<24=7?@1=7;62>EFGD1=DB74 ./ 012345657HAI275J<=3144569B7B155B7962KJ1K5814@47KL=76D5?@1D3B>5<
3456789*+,-48* *
5<C<B<:>D862:74 ./ A2B12345657622<@2D7;7254D622<597MI1B57=7KNOPBB157;412587K6569647;@45 9747255<271:89<=4 ./ A2B123456576BB271:89<=4;@45975=@457K ./ A2B123456576@587251D651<2;7D86214;4D6297@47K5<6Q<1K@2K741=7K 6KR6D72D174 ./ A2B123456572<4CB158<=1S<257D821?@746=7C<4419B7 TQ7258<@:80123U5657C=<5<D<B4J<=3;<=77II1D1725B>HC=<9B7;D626=147O G4@6BB>C=<9B7;4<DD@=D6@47<ID862:7412587275J<=35<C<B<:>VB1234:<@CW K<J2XH62K6BB=<@57=4K<2Y5:75@CK657K1;;7K1657B>D6@47587>;1:8597<2 K1II7=725B1274C77K4H587=7I<=H=<@57=4D<227D57KQ166I645B123J1BB=7D71Q7 58747D862:74I6457=5862587<587=4<264B<J7=B123O/ Z1II7=72557D821?@7486Q79772K7Q7B<C7K5<K76BJ15858747C=<9B7;62K587476=7[ 1O/ Z6;C72@CK657I=7?@72D> \O/ ]6=:75B123W45657@CK65745<;@B51D645 ^O/ G47B123W456576=76817=6=D8>I<=5<C<B<:> _O/ T`D862:7=<@574@;;6=174656=769<=K7=4 2O/ G47]1;7W456;C4GCK6572@;97=12:aD<@257=4 bO/ c626:7C6=5151<24@412:66=76817=6=D8>
defg hi3jklmni3*hi3moi+*
h7pq4r5s7pt*u8725<<;62>C6D37546=71264@9275<=6C6=5<I4@9275HC7=I<=;62D7 K7:=6K7464K7C1D57K12I1:@=7vO]814415@651<214D6BB7KD<2:7451<2O w6D5<=4E6@412:587E<2:7451<2 1O/ c62>12C@5B1274K7;62K12:58746;7<@5C@5B1274O \O/ UB<J=7D71Q7=I645472K7=O ^O/ 0<J962KJ1K58B1274D626B4<D6@47D<2:7451<2O _O/ E<2:7451<21547BIVK@CB1D6D>XO 2O/ ]=6II1D149@=45>O
12
3456789*+,8-./0785+ -.1+200345-547.+ 6-748+
94:;84+<=+5-0-5457+7>+/;?.45+-.1+57.:4/547.+
8
@ABCDEFGABHABFIAJKIGBHGKJDELIDMGNGMDMGBFAFOAHLFDCAIGDEP LQ8 RKDBJAAKPSBAKDBJAAKEAJTFGABFUDCAAMMDEGCBELIDVDGBCMDNDJAKDMFAEAJND FUDKIAVJDWEAFULFHABCDEFGABMADEBAFAHHTILFXGIEFKJLHDABHDFUDEYEFDWGE EDFTKLBMITBBGBCZBAWGMKAIDEHABBDHFGABGEWLMD[SBAKDBJAAKHABFIAJZFAAJE LIDGBHJTMDMFAMDHGMDOUDBFALHHDKFBDOFILXXGHZOUDBFAMGEHLIMKLH\DFELBM OUGHUABDE[]BMWL\GBCEHUDMTJGBCMDHGEGABELFNLIGATEKAGBFEGBFUDBDFOAI\[ ^UDMDHGEGABELIDAXXJGBDMDHGEGABGEBAFVLEDMABHTIIDBFEFLFDAXBDFOAI\HJAED JAAKEAJTFGAB[ ^UDHABHDKFAXXDDMVLH\JAAKGETEDMGBHJAEDMJAAKEAJTFGAB[^UGELKKIALHUULE FUIDDKLIFEZOUDBLKKJYFAFUDHABCDEFGABHABFIAJ[ GQ8 _ABGFAIFUDEYEFDWFAMDFDHFOUDBLBMOUDIDHABCDEFGABAHHTIE[ GGQ8 `LEEFUDGBXAIWLFGABFAKJLHDEOUDIDFUDLHFGABHLBVDFL\DB[ GGGQ8 ]MaTEFEYEFDWAKDILFGABFAHAIIDHFFUDKIAVJDW[
bcdcbe23:7845fg+>78+h7.:4/547.+h7.5873+
^OAWLaAIHIGFDIGABAXHABCDEFGABHABFIAJLID 1[8 ^AMDHIDLEDJALM i[8 ^AGBHIDLEDHLKLHGFY ,8->>45+jf-04.:+kh7.:4/547.+h7.5873+l73457+4.+2,mn+ RBDAXFUDWLGBHLTEDEAXHABCDEFGABGEFULFFILXXGHGEAXFDBVTIEFY[SXUAEFEHATJMVD WLMDFAFILBEWGFLTBGXAIWILFDZHABCDEFGABOATJMVDJDEEHAWWAB[]BAFUDIAKDB JAAKWDFUAMFAUDJKWLBLCDHABCDEFGABGEXAIHGBCFUDKLH\DFFAVDFILBEWGFFDMLFL WAIDKIDMGHFLVJDILFD[^UGELKKIALHUFAHABCDEFGABWLBLCDWDBFGEOGMDJYTEDMGB ]^_ BDFOAI\ELBMGEHLJJDMFILXXGHEULKGBC[ ^ILXXGHEULKGBCGELVATFIDCTJLFGBCFUDLNDILCDILFDoLBMVTIEFGBDEEQAXMLFL FILBEWGEEGAB[ 64-97+p;5945+23:7845fg+ SWLCGBDLVTH\DFOGFULEWLJJUAJDGBFUDVAFFAWLEMDKGHFDMGBXGCTID1q[rAWLFFDI LFOULFILFDDBFDIEFUDVTH\DFZFUDATFXJAOGELFLHABEFLBFILFDZOUDBFUDIDGELBY 12
./01234567810/9:;12<.=190=1567810341>?0@ABC4<<9710=156781034D6CCE/9@ /::303<9/C./0121901239F304?3CC4<G120=143:14/9:34C<40A
IJKL84*MNO*378P,Q*+4,9-*RLS945*
3456789*+,-48* *
H
T=14/>13:1/7/951/??C31:0<?/781047<971?06/CC@U1/7==<40347<991701:0<0=1 910.<285@/939012D/717<90/3939F/C1/8@567810E3A1A/D39301390129/CV6161AWD/ ?/7810/223G14/00=1V6161.=193034D6CCE0=1?/781034:347/2:1:AT=34/22/9F1>190 7/951563C0390<0=1=/2:./2139012D/71AW0./4D3240?2<?<41:5@062912/9:347/CC1: C1/8@567810/CF<230=>/4F3G19D3F62111AH X1/8@567810/CF<230=>7/95169:1240<<:/4YT=1C1/8@5678107<943404<DD39301 V6161.=19/?/7810/223G14E3D0=121342<<><90=1V61613034/??19:1:0<0=1V6161E <0=12.3413034:347/2:1:AB01G12@7C<780378E<91?/78103402/94>3001:ZA
H IJKL84*MMO*+4,9-*RLS945*,QK78J5[P* *
12
3456789*+,8-./0785+ -.1+200345-547.+ 6-748+
218-.5-94+ :;<=>?@AB<C;D=DAAC;EF=C;EGHB=C=>FI@BE>C?JBEIHKE=C;EK;>FKE=ALKAF@E=C<AFMN O4/-18-.5-94/+ 1MN P;EFC;EQHEHE<=LH??RS>KTEC=>BEI<=K>BIEIM UMN VADEC<DE=<C<=FEKE==>BJCA=SEEIHSC;EAHCSHCW;<K;<=FACSA==<G?E<F?E>TJ GHKTEC>?@AB<C;DM ,794.+XY5945+2397845Z[\+:;E?E>TJGHKTEC>?@AB<C;D;>=>B<@<IAHCSHCS>CCEBF>C C;E>]EB>@EB>CERFAD>CCEB;AWGHB=CJC;ECB>LL<K<=M ^FD>FJ>SS?<K>C<AF=R<C<=GECCEBCA>??AWC;EAHCSHCCA=SEEIHS=ADEW;>CW;EF?>B@E GHB=C=>BB<]E=A>DABEL?E_<G?E>?@AB<C;D<=FEEIEIRSBELEB>G?JAFEC;>CFE]EB?A==E= I>C>AFE=HK;>?@AB<C;D<=CATEFGH=>?@AB<C;DM ^FCATEFGHKTEC>?@AB<C;DRC;E?E>TJGHKTEC;A?I=`CATEF=a@EFEB>CEIGJ>K?AKT>CC;E B>CEALAFECATEFE]EBJb:=EKM fghi jgklmino
fghi jgklmino
tunNigrnuNv h wxxnxNigNiyn zm{rniNn|no}Ni ~ ynN m{rni fg xhN grnuh
pniqgorh
cse
49Y84+ \++,794.+XY5945+2397845Z[+
pniqgorh
cde
N
^F>GA]EL<@HBE1URWE=EE>GHKTEC;A?I<F@C;BEECATEF=RW<C;L<]ES>KTEC=W><C<F@CA GECB>F=D<CCEIM AB>S>KTECCAGECB>F=D<CCEIR<CDH=CK>SCHBE>FIIE=CBAJAFECATEFM :;BEEALL<FES>KTEC=;>]E@AFEC;BAH@;RGHCAC;EBCWA>BEW><C<F@LABCATEF=CAGE @EFEB>CEIMN :;ECATEFGHKTEC>?@AB<C;DSBA]<IE=>I<LLEBEFCT<FIALCB>LL<K=;>S<F@C;>FC;E?E>TJ GHKTEC>?@AB<C;DM H=CALHSCAFMS>KTEC=K>FGE=EFC>CAFKER>??AW<F@=ADE GHB=C<FE==<FC;EAHCSHC=CBE>D>FI@<]<F@L>=CEBBE=SAF=ECA=AIIEFGHB=C=AL<FSHCMN CATEFGHKTEC>?@AB<C;DC;BAW=>W>JCATEF=W;EFC;EGHKTECL<??=HSGHCFE]EB I<=K>BI=S>KTEC=M + + 12
.,/04*12*.7943*456945*789*+4,9-*456945* .7943*456945* +4,9-*456945*
9:37 :* 1;< =>?@ABCDEF>GH>@IEJBEHKLEF? MENN?D?JF;*
3456789*+,-48* *
OJF>EHF>?D?EH@FD@M?CNNP?FQ??J G?GCDR@JMP@JMQEMF>@JMI@ST?F AEN?FEG?;* U;< OF@AACQHH@VEJBLIFCG@WEGLGHEX? OF>@HSCJHF@JFFD@NNESM?I?JMEJBCJ CNYJZE;?; PLDHFS@JP?H?JMCN F>?[?@T@B?; HEX?YJZ@FCJS?; \;< =CT?JPLST?FMEHS@DM?MFCT?JQ>?J =>EHMEHS@DMHF>?I@ST?FHQ>?J PLST?FNEAAHLI; PLST?FNEAAH
]*****^_469*`758*a87b84cc*1*
1;< =>?H>CDF?HFI@F>EJDCLFEJBS@JD?N?DFCddd;; @e< =>?A?@HF?WI?JHEV?I@F> Pe< =>?A?@HFMEHF@JFI@F> Se< =>?I@F>QEF>F>?HG@AA?HFJLGP?DCN>CIH Me< fJRCD@SCGPEJ@FECJCN@PCV? dddddddddddddddddddddddddddddddd dddddddddddddddddddddddddddddddd U;< OJMEHF@JS?V?SFCDDCLFEJBg?@S>DCLF?DD?S?EV?HV?SFCDNDCG @e< hV?DRDCLF?DEJF>?J?FQCDT Pe< hV?DRDCLF?DA?HHF>@JFQCLJEFH@Q@R Se< fF@PA?HFCD?MPRF>?HCNFQ@D? Me< OFHJ?EB>PCDCJAR dddddddddddddddddddddddddddddddd dddddddddddddddddddddddddddddddd \;< OJAEJTHF@F?DCLFEJBgNACCMEJB@AACQHS>@JB?HFCP?D?SCDM?MPR @e< fAADCLF?D Pe< i?EB>PCDDCLF?DCJAR Se< jCG?DCLF?DH Me< fAAJ?FQCDTH dddddddddddddddddddddddddddddddd dddddddddddddddddddddddddddddddd k;< OJQ>ES>FRI?CNHQEFS>EJBgMC@AAF>?M@F@BD@GHCN@G?HH@B?NCAACQF>?H@G? S>@JJ?ACN@I@F> @e< lEDSLEFHQEFS>EJB Pe< m@F@BD@GI@ST?FHQEFS>EJB Se< nEDFL@ASEDSLEFI@ST?FHQEFS>EJB Me< o?HH@B?HQEFS>EJB dddddddddddddddddddddddddddddddd dddddddddddddddddddddddddddddddd 12
3456789*+,8-./0785+ -.1+200345-547.+ 6-748+
89: ;<=><?@ABCDEF=?><=GHIEBE?<BBG?=JB>KAK>=?@CDKLBL=>K?BLM=GN KO: P=J>I=?EF=?><=GH QO: RK?KHJKSAK>NB?EF=?><=GH >O: T=J?IKM>=J>I=?AK>NB?EF=?><=GH LO: UBEEKHBEF=?><=GH VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV
WXYZ 3[,\]^_+2``^[aab3c+
bd+-1184//+e48/47./+ fgQB>KSB?<BCDD=>=KMAJC?C>CMDCJ?<B=G?BJGB?=Ghijk9lE?<B=G?BJGB?<KEBmCMmBLnEC <KE?<Bfg9o<BJB<KmBQBBGE=pmBJE=CGEE=G>B=?E=G>BA?=CG9o<JBBmBJE=CGEKJBSK=G9 h9: TBJE=CGqrfgmqO 19: TBJE=CG8rfAm8O k9: TBJE=CGsrfAmsO bd+-1184//4.t+ o<B=LBG?=D=BJIEBL=G?<BfgMK@BJCD?<BoPgufgAJC?C>CMEI=?B?C=LBG?=D@BK><LBm=>B >CGGB>?BL?C?<BfG?BJGB?=E>KMMBL?<BfG?BJGB?KLLJBEECJfgKLLJBEE9 ]^+ lGfgKLLJBEErfAmqO=EKk1vQ=?KLLJBEE?<K?IG=wIBM@KGLIG=mBJEKMM@LBD=GBE?<B >CGGB>?=CGCDK<CE?CJKJCI?BJ?C?<BfG?BJGB?9 o<BJBKJB5x844>CSSCGFK@E=GF<=><fgKLLJBEEBE>KGQBJBAJBEBG?BL9 h9: o<BJB=E?<BQ=GKJ@GC?K?=CGF<=><IEBE?<BQKEB?FCGISQBJE@E?BS?C JBAJBEBG?GISQBJE9 19: o<BJB=E?<BLB>=SKMGC?K?=CGF<=><IEBE?<BQKEB?BGGISQBJE@E?BS?C JBAJBEBG?GISQBJE9 k9: o<BJB=E?<B<BpKLB>=SKMGC?K?=CGF<=><IEBE?<BQKEBE=p?BBGGISQBJE@E?BS?C JBAJBEBG?GISQBJE9 `7+77y+9.76z+ lGfgKLLJBEE=EKk1vQ=?rqvQ@?BEOKLLJBEE9 [{-|034+W+ lEEISBnf}~ EfgKLLJBEE=Ehq19hi291k9hj29o<=EfgKLLJBEE>CGE=E?ECDDCIJ Q@?BE9o<BD=JE?Q@?B<KE?<BmKMIBCDhq19o<BEB>CGLQ@?B<KE?<BmKMIBCDhi29o<B ?<=JLQ@?B<KE?<BmKMIBCD1knKGL?<BDCIJ?<Q@?B<KE?<BmKMIBCDhj9 `7+77y+9.76z+ fgKLLJBEEBEKJBIG=wIB9 12
./011234434023567853769:3436439:0930;:011234413<7634=63>061=6?@=63> ;=663;97=69=9:3.6932639ABC=13D7;34=69:3.6932639;0663D32:0D39:340E3 0112344A F7*-7G*9H76I* B:301123444J0;3=<./DK741L1=2K>1MK>MNO>1MNA 375,5P7HQ*7R*ST*,UU84QQ4Q*
3456789*+,-48* *
*
VW,XYZ4*[* \]^_`abc]abdeffegh_`bijb^kklammambdlenboh_^lpb_ec^che_bcebkeccakqkarhn^fb_ec^che_st 0uv 2wwwwww2wwww2w22wwww2w22222w2222 xA22wwwww22wwwww22www22w2222222222 ;A222ww22222w22w222www2w22w22w2222 1A22222ww22ww22w2222222w22wwww2222 y7ZG5P7H* z323J?0;330;:{2=5J=<|x794C79:7943857D0?36913;7E0?65Ex320610111=94<=2 43J02097=6} 0uv 21MA22A22A1LM xuv 2MLA2L2A1OA1~~ ;uv 1L2A12MA2LMA222 1uv 1KMA2~~A1~2A2~ VW,XYZ4* * \]^_`abc]abdeffegh_`bijb^kklammambdlenbkeccakqkarhn^fb_ec^che_bceboh_^lpb_ec^che_s* 0uv 222A~NAK~AO| xuv 112ALKAOA|1 ;uv 1K2A|A~NA21 1uv O~AK~ALKAO| y7ZG5P7H* abla f^raba^r]bkarhn^fb_ noalbghc]bhcmboh_^lpba h ^fa_c 0uv w22w2222ww222wwwww2w22w2w2ww222w xuv 22w222w2ww2www2wwwwww222w2w2ww2w ;uv 2222www2wwww2wwwww222wwwwwww22ww 1uv w2ww2w22ww2w22w2ww2www2ww2ww222w VW,XYZ4* * h_kbc]aballel bhdb^_p bh_bc]abdeffegh_`bijb^kklammam b 0uv 222A~NAwK~AO| xuv 112ALKAOA|A1w ;uv O~AK~ALw2A2K 1uv 222www2wA1LA2KANO 12
23456789*+7,-./674* ,-0*1//234,436-* 5,637*
B9GGB>GGW@H>?I AK9D@ AVHD@E9BBAJ9H>G9CC?>GG G}9J>HAW@H>?@>HG>?TDJ> }?ATDC>?G9@C>@CVG>?GA@ 9@S9CC?>GGQDHQAV@C9?SY D@GH>9CAUA@ IQDH G>EK>@HGP W @AH9HDA@ DG9GS@H9_AUG}>JDUSD@EWX 9CC?>GG>G9@CH=>D? 9GGAJD9H>C?AVHD@E}?>UD_P WH9}}>@CGHAH=>9CC?>GG9 GB9G=J=9?9JH>?9@CH=> C>JDK9B@VKQ>?AUB>9CD@E QDHGAUH=>?AVHD@E}?>UD_Y >PEPY] 1PMP1PM 1NUA?WXTN
* * 7628436-* 9:; <=>?>9?>@AB>9CD@EF>?A>GD@CAHH>CIC>JDK9B@AH9HDA@LMNO:P Q:; R>K9S@AH=9T>KA?>H=9@UAV?@VKQ>?GD@9@WX9CC?>GGP J:; W@CAHH>CIC>JDK9B@AH9HDA@Y>9J=@VKQ>?DGB>GGH=9@A?>ZV9BHA1OO[\M]DG AVHGDC>H=DG?9@E>P C:; ^KD_HV?>AUQD@9?S@AH9HDA@9@CCAHH>CIC>JDK9B@AH9HDA@DG@AH9BBA`>CP ab,c/23*d* efghijklfjkmnoonpqhikrskgttujvvjvkmunwkxqhguykhnlglqnhklnkfjzgtj{qwgokhnlglqnh|k 9:; ]MMMMMM]MMMM]M]]MMMM]M]]]]]M]]]] Q:; ]]MMMMM]]MMMMM]]MMM]]M]]]]]]]]]] 7628436-* R>?>}B9J>>9J=E?AV}AUNQDHG`DH=DHG=>_9C>JDK9B>ZVDT9B>@HLG>>^}}>@CD_~:P AH>H=9H=>_9C>JDK9B@AH9HDA@@A?K9BBS=9G@A9CC>CG}9J>GA?CAHG[=A`>T>?YM LA?M_:DG9CC>C9HH=>Q>ED@@D@EA?H=>GVQGJ?D}H] 9HH=>>@CHAG=A`H=9HH=> @VKQ>?DGD@=>_9C>JDK9BP 9:; M ]M~M~ A? ]M~M~ ] Q:; M ] \]~ A? ] \]~ ]
2,.. 82*10073..3- *
WX9CC?>GG>GY`=>@GH9?H>C9U>`C>J9C>G9EAYVG>CH=>JA@J>}HAUJB9GG>GP<=DG 9?J=DH>JHV?>DGJ9BB>CJB9GGUVB9CC?>GGD@EPW@H=>KDCI] MGY9@>`9?J=DH>JHV?>YJ9BB>C JB9GGB>GG9CC?>GGD@EY`9GD@H?ACVJ>C9@C`DBB>T>@HV9BBSGV}>?G>C>H=>A?DED@9B 9?J=DH>JHV?>P A`>T>?Y}9?HAUH=>W@H>?@>HDGGHDBBVGD@EJB9GGUVB9CC?>GGD@EYQVHH=> KDE?9HDA@DGT>?SU9GHP 448/,436-*6 *4 3*,0073..*./,43*
*
+, 23* **10073..3.*/37* 2,..* R=>@WX9CC?>GG>G`>?>UD?GHGH9?H>CYH=>SVG>CH=>JA@J>}HAUJB9GG>GP<=>?9@E>AUWX 9CC?>GG>G`>?>CDTDC>CD@HAUDT>JB9GG>G ^GG=A`@D@H=>UDEV?>]\9@C]NY^Y~Y Y Y9@C P B9GG^VG>CV}OM AUH=>9CC?>GGG}9J>YJB9GG~VG>CV}1O YJB9GG VG>CV}]1PO YJB9GG VG>CV} P1O Y9@CJB9GG 9BGAVG>CV} P1O P
11
./0184*234*5668477*89,:47*7;*<=>3*:?,7747*
@ABCDEEFGHBIFJKLMBCALIAINDOODKPQDRRHBOOSBNFKJOTFLOSEDKDNEMLKJTABULHOT SETBVPUTABKGWSBHLKTABULHOTSETBLOSBTCBBKXYZ1[\TABKTABPQDRRHBOOLOLKTAB ]NDOO^HDKJBDOOAFCKLKULJGHBZ_VPULTLOSBTCBBKZ1`YZaZLTLOLK]NDOObVPULTLO SBTCBBKZa1Y112LTLOLKTAB]NDOO]HDKJBVPULTLOSBTCBBK11cY12aLTLOLKTAB]NDOOd HDKJB\DKRLULTLOSBTCBBK1cXY1__\TABKLTSBNFKJOTF]NDOOeV f?,77*/g*64:/h,?*g75,5/7g7*
3456789*+,-48* *
./0184*2i4**f?,7747*7;*<=>3/g*64:/h,?*g75,5/7g*
jk,h9?4* PUPlmnopOPQDRRHBOOLOZcXVZa1V12VZ`XVqFFrLKJDTTALODRRHBOOCBIDKOBBTADTTAB ULHOTSETBLOZcXVsLKIBZcXLOSBTCBBKTABKGWSBHOZ1`YZaZ\CBrKFCTADTLTLOLKTAB ]NDOObHDKJBV f?,77*/g*t/g,8-*g75,5/7g*
./0184*2u4*f?,7747*7;*<=>3/g*t/g,8-*g75,5/7g*
*
^IIFHRLKJTFTABULJGHBZv\CBIDKRBwLIBDWBIADKLOWDOJLwBKULJGHBZ[UFHULKRLKJ TABDRRHBOOINDOOLKSLKDHEKFTDTLFKNLrBx PUULHOTNBUTWFOTSLTLOXTABKLTLOINDOO^ PUULHOTSLTLOZDKROBIFKRSLTLOXTABKLTLOINDOOb PUULHOTTCFSLTODHBZDKRTALHRSLTLOXTABKLTLOINDOO] PUULHOTTAHBBSLTODHBZDKRUFGHTASLTLOXTABKLTLOINDOOd PUDNNTABUFGHSLTODHBZTABKLTLOINDOOe
* 12
3456789*+,8-./0785+ -.1+200345-547.+ 6-748+
849:84+;<=+84.14.9+5>4+-1184//+53-//+4.+?4.-87+.75-547.+ +
!"#$%4'(' )*+,-./,+0,12*30,45.4,+0,5.30,1782:72;<7=2;,.>>20??0?,@/,-A.??,BCD E7%G5I7J' K/,-A.??,B7,*/AL,8,M@4,>0N@/0?,450,-A.?<?8O,,,,P50,20Q.@/@/R,<8,M@4?,.20,.3.@A.MA0,N*2,450, .>>20??O,S@45,<8,M@4?7,+0,-./,5.30,1 *2,1782:72;<7=2;,.>>20??0?O, !"#$%4'T' UVWXYZ[\Y]^_``YabY\_][Y_XXc\``dY .eD fffffff8,ffff8f88,ffff8f88,888f8888, MeD 88fffff8,8fffff88,fff88f88,88888888, -eD 8f8ff888,88f88f88,8fff8f88,f88f8888, >eD 8888ff88,8ff88f88,88888f88,ffff8888, E7%G5I7J' .eD P50,N@2?4,M@4,@?,fO,P5@?,@?,.,-A.??,B,.>>20??O, MeD P50,N@2?4,1,M@4?,.20,8g,450,45@2>,M@4,@?,fO,P5@?,@?,.,-A.??,h,.>>20??O, -eD P50,N@2?4,M@4,@?,8g,450,?0-*/>,M@4,@?,fO,P5@?,@?,.,-A.??,i,.>>20??O, >eD P50,N@2?4,2,M@4?,.20,8?O,P5@?,@?,.,-A.??,j,.>>20??, !"#$%4'k' UVWXYZ[\Y]^_``YabY\_][Y_XXc\``dY .eD 11:O81O82O;:, , MeD 8l<O82Om=O11, , -eD 82O1<O81fO;, >eD 1m1OmO8mO888, , 0eD 8<2O88O:;Om=, E7%G5I7J' .eD P50,N@2?4,ML40,@?,11:,nM04+00/,112,./>,1<leg,450,-A.??,@?,oO, MeD P50,N@2?4,ML40,@?,8l<,nM04+00/,8l1,./>,11<eg,450,-A.??,@?,hO, -eD P50,N@2?4,ML40,@?,82,nM04+00/,f,./>,81:eg,450,-A.??,@?,BO, >eD P50,N@2?4,ML40,@?,1m1,nM04+00/,12f,./>,1mmeg,450,-A.??,@?,jO, 0eD P50,N@2?4,ML40,@?,8<2,nM04+00/,81;,./>,8l8eg,450,-A.??,@?,iO, !"#$%4'p' qWYrs_tu^\YvYw\Y`[aw\XYZ[_ZY]^_``YxY[_`Yyz{Y|y}{~ }~ z} ~ Y_XXc\``\` Y awY]_WY w\Yuca \YZ[V`Y`_t\Yb_]ZY `VW YXaZZ\X X\]Vt_^YWaZ_ZVaW Y E7%G5I7J' P50,.>>20??0?,@/,-A.??,B,2./R0,N2*Q,fOfOfOf,4*,81:O1mmO1mmO1mmO,S0,/00>,4*,?5*+, 45.4,450,>@NN020/-0,M04+00/,450?0,4+*,/ QM02?,@?,1782:72;<7=2;O,P5@?,@?,.,R**>, 0 02-@?0,M0-. ?0,@4,?5*+?, ?,5*+,4*,>0N@/0,450,2./R0,*N,.>>20??0?,M04+00/,4+*, .>>20??0?O,S0,/*4@-0,45.4,+0,.20,>0.A@/R,+@45,M.?0,1m=,/ QM02?,5020O,j.-5,ML40,@/, 450,/*4.4@*/,5.?,.,+0@R54O,P50,+0@R54?,.20,.?,N*AA*+?,, 1m=<7,1m=17,1m=87,1m=f, *+,4*,N@/>,450,@/40R02,3.A 0,*N,0.-5,/ QM027,+0,Q A4@1AL,0.-5,ML40,ML,@4?,+0@R54 , 12
./01/22340056178129:;12281291; 12281296;1228129<=1>6?7>?@:>9?7 AB301/2234005=< CDE40FG13/H11I4DB301D3JK1I4L/01/M2/226:16J1I4340FL1N34K4KG43E4/LE/O0/22 61JP411I43/MP4Q>E4P411>6?7>?@:>9?@J31 R
3456789*+,-48* *
STUTVW345XY*,Z[*\7]5XY*
^MC_/223400B02B`B242BM1J/M41EJ3aCbNM41B2Q/M2/IJ01CbNIJ01B2Q/024cBH142 BMDBPF346@RdI4L4MP1I0JD1I4M41B2`/3O24c4M2BMPJM1I4HL/001I4C_/223400 G4LJMP01JRCMHL/00^1I4M41B2JHHFcB401I4DB301GO14/M21I4IJ01B2JHHFcB401I4 34K/BMBMP1I344GO140RCMHL/00e1I4M41B2JHHFcB401I4DB3011EJGO140/M21I4IJ01B2 JHHFcB401I434K/BMBMP1EJGO140RCMHL/00f1I4DB3011I344GO14024DBM41I4M41B2/M2 1I4L/0134K/BMBMPGO1424DBM401I4IJ01B2RfL/00b/M2g/34MJ12B`B242BM1JM41B2 /M2IJ01B2RdI4DJLLJEBMPDBPF346@0IJE0IJE1I4M41B2/M2IJ01B2/342B`B242BM fL/0040^>e>/M2fR
hijk84*Slm*3456789*XY*,Z[*,*n7]5*XY*7o*Xpqr*st,]]4]*
Y7*-7k*9Z76u* fL/00b/22340040/34F042DJ3KFL1BH/01BMPv1I434B0JMLOJM4GLJHaBM1IB0HL/00/M2 fL/00g/22340040/3434043`42DJ3DF1F34cF3cJ040vKJ01JD1I4GLJHaB0E/0142R CMHL/00DFL/223400BMP1I4M41B2/M2IJ01B2/344/0BLO2B01BMPFB0I/GL4GOLJJaBMP/11I4 C_/223400RAB301OJFI/`41J24143KBM4EIBHIHL/001I4C_/223400G4LJMP01J/M2D3JK 1I434OJFH/M14LLEIBHIc/31B01I4M41B2/M2EIBHIc/31B01I4IJ01B2RCDB1B0BMfL/00 ^>1I4M1I4DB301GO1434c3404M101I4M41B2/M21I4L/011I34434c3404M11I4IJ01B2>/M20J JMR Yi],[q,Z5,j4]*7o*st,]]*oktt*,[[84]]iZj* C1E/0140/LJ1JDC_/22340040/M20BMH41I4CM143M41a44c0P3JEBMPL/3P43>E4H/Mw1 /DDJ321J1I3JE/E/OC_/22340040R dI/1B0EIO/M4E/223400BMP0HI4K4E/024`B042RC1B0H/LL42HL/00L400/223400BMP G4H/F04B12J40Mw1F041I4HL/0040EIBHIE434F042BMHL/00DFL/223400BMPR Y7*-7k*9Z76u* xBLLBJM0JDHL/00^/M2HL/00e/22340040/M2/34E/0142BMHL/00DFLL/223400BMP * Y7*-7k*9Z76u* dI4MFKG43JD/22340040BMHL/00fB00K/LL431I/M1I4M4420JDKJ01J3P/MBy/1BJM0R z{,|}t4*~* 12
3456789*+,8-./0785+ -.1+200345-547.+ 6-748+
89:;<=>;<;=?@ABCDDA;EEFGHIHIHIJK9<D=>;LMCEEJ=>;NM@LBJC<D=>;AC<O;@K=>; CDDA;EE;EH P73Q547.+ R>;LMCEE9ESN;LCTE;=>;K9AE=NU=;9EN;=?;;<IC<DF1GHR>;NM@LB>CEC<;=9D@K FGHR>;CDDA;EE;EAC<O;KA@VFGHIHIHI=@FGH1WWH1WWH1WWH XY-Z034+[\+ 89:;<=>;<;=?@ABCDDA;EEF]1H1FHIHIJK9<D=>;LMCEEJ=>;NM@LBJC<D=>;AC<O;@K=>; CDDA;EE;EH P73Q547.+ R>;LMCEE9E^N;LCTE;=>;K9AE=NU=;9EN;=?;;<F1_C<DF`FHR>;NM@LB>CEC<;=9D@K F]1H1FHR>;CDDA;EE;EAC<O;KA@VF]1H1FHIHI=@F]1H1FH1WWH1WWH XY-Z034+[[+ 89:;<=>;<;=?@ABCDDA;EE11IH]aHG2HIJK9<D=>;LMCEEJ=>;NM@LBJC<D=>;AC<O;@K=>; CDDA;EE;Ebc P73Q547.+ LMCEE9Ed N;LCTE;=>;K9AE=NU=;9EN;=?;;<F`1C<D11]HR>;NM@LB>CEC<;=9D@K 11IH]aHG2HR>;CDDA;EE;EAC<O;KA@V11IH]aHG2HI=@11IH]aHG2H1WWH
e+++++fg459+h7Q8+i87j84//+k+
FHl m>9L>noCDDA;EELMCEE>CEK;?>@E=Ep;A<;=?@AB Cql dMCEES Nql dMCEE^ Lql dMCEEd Dql dMCEEr ssssssssssssssssssssssssssssssss ssssssssssssssssssssssssssssssss 1Hl m>9L>@K=>;K@MM@?9<O9E=AT;CN@T=noCDDA;EE;E Cql n=9ED9:9D;D9<=@;tCL=MU=?@LMCEE;E Nql n=L@<=C9<ECK9t;DM;<O=>>@E=u9D Lql n=?CE;E=CNM9E>;DCECTE;AKA9;<DMU9<=;AKCL; Dql n=9E]1N9=EM@<O ssssssssssssssssssssssssssssssss ssssssssssssssssssssssssssssssss ]Hl m>9L>@K=>;K@MM@?9<O9ELMCEEd>@E=CDDA;EE Cql 1]IHIHIHI Nql F]IHaHaH2 Lql 1IIHFH1H] Dql ]IHaHWH2 ssssssssssssssssssssssssssssssss ssssssssssssssssssssssssssssssss
12
./01 23456738489:3*
;<=>?@ABCDEFGHCI@IICG@G<JFGKGIFL@C?FAIH<=E@AIMNHDCOP@G<HH@<DIB>@?< P<DQ@H<=E@AB<?AIACAD<R@PA>DCKQ><?@ABCDEB>CI@G<JFGKGH<=E@AIFL@FIACC IG<PPMS?@ICPKAFC?FIACG<E@IKD@A>@HDCOP@GTC@I?CAC==KDF?A>@UFDIAHP<=@MV? CA>@DBCDTIWA>@F?A@D?@AI>CKPTKI@<DCKAF?Q<PQCDFA>GA><A<RCFTII@?TF?QH<=E@AI A>DCKQ>?@ABCDEIA><A=<??CA><?TP@A>@GMXCB@R@DWA>FIICPKAFC?FI?CICPKAFC?<A<PPM Y><A><HH@?IFUA>@CDFQF?<PICKD=@H<=E@AFIACCP<DQ@ACO@><?TP@TOZA>@ T@IAF?<AFC??@ABCDE[\>@DCKAF?Q<PQCDFA>G=<?><DTPZOZH<IIA>@T@IAF?<AFC?M ]<IF=<PPZWA>@C?PZICPKAFC?ACA>@HDCOP@GFIAC<PPCBQ<A@B<ZIACOD@<EKHH<=E@AI F?AC^8,_`4a5bc*I@?TF?Q@<=>UD<QG@?A<I<I@H<D<A@F?A@D?@AH<=E@AMXCB@R@DW =C?R@DAF?Q<P<DQ@COd@=AF?ACIG<PPUD<QG@?AIFI=C?IFT@D<OPZ@<IF@DA><?A>@D@R@DI@ HDC=@IIM \BCCHHCIF?QIAD<A@QF@I@JFIAUCDD@=CGOF?F?QA>@UD<QG@?AIO<=EF?ACA>@CDFQF?<P H<=E@AM eMf \D<?IH<D@?AgD<QG@?A<AFC? 1Mf hC?\D<?IH<D@?AgD<QG@?A<AFC? 88,abi,84a5*28,_`4a5,5j7a* \>@UFDIAIAD<A@QZFIACG<E@UD<QG@?A<AFC?=<KI@TOZ<kIG<PPlH<=E@Am?@ABCDE AD<?IH<D@?AAC<?ZIKOI@nK@?A?@ABCDEIA>DCKQ>B>F=>A>@H<=E@AGKIAH<IIC?FAI B<ZACA>@KPAFG<A@T@IAF?<AFC?M\>FICHAFC?FII>CB?F?gFQKD@eop<qMV?A>FI <HHDC<=>WA>@IG<PPlH<=E@A?@ABCDE><IQ<A@B<ZIA><AF?A@DU<=@ACCA>@D?@ABCDEIM Y>@?<?CR@DIFL@TH<=E@A<DDFR@I<A<Q<A@B<ZWA>@Q<A@B<ZOD@<EIFAKHF?AC UD<QG@?AIM;<=>UD<QG@?AFI<TTD@II@TACA>@I<G@@JFAQ<A@B<ZWB>@D@A>@HF@=@I<D@ D@=CGOF?@TMV?A>FIB<ZWH<II<Q@A>DCKQ>A>@IG<PPlH<=E@A?@ABCDE><IO@@?G<T@ AD<?IH<D@?AMrKOI@nK@?A?@ABCDEI<D@?CA@R@?<B<D@A><AUD<QG@?A<AFC?><IC==KDD@TM s7*-7t*9a76u* N\v ?@ABCDEI><R@IH@=F<P><DTB<D@ACHDCRFT@AD<?IH<D@?AUD<QG@?A<AFC?CUH<=E@AI F?AC=@PPI<?TA>@?D@<II@GOPZCU=@PPIF?ACH<=E@AIMV?A>@N\v BCDPTWUD<QG@?A<AFC? FI=<PP@TI@QG@?A<AFC? \D<?IH<D@?AUD<QG@?A<AFC?FIIAD<FQ>AUCDB<DT<II>CB?F?UFQKD@eo<M
2j_t84*.w*,x*88,abi,84a5*^8,_`4a5,5j7a*
3456789*+,-48* *
*
s8,6y,z9*7^*58,abi,84a5*^8,_`4a5,5j7a* eMf \>@@JFAQ<A@B<ZGKIAE?CBB>@?FA><ID@=@FR@T<PPA>@HF@=@IWIC@FA>@D< =CK?AUF@PTCD<?k@?TCUH<=E@AmOFAGKIAO@HDCRFT@TM 1Mf NPPH<=E@AIGKIA@JFARF<A>@I<G@Q<A@B<ZM]Z?CA<PPCBF?QICG@UD<QG@?AIAC UCPPCBC?@DCKA@ACA>@KPAFG<A@T@IAF?<AFC?<?TCA>@DUD<QG@?AI<TFIdCF?ADCKA@M ICG@H@DUCDG<?=@G<ZO@PCIAM 12
3456789*+,8-./0785+ -.1+200345-547.+ 6-748+
89: ;<=>?@ABC<DEF>?GDBHDAGD=IADJKFADI?BAD@D=?DI<LAD=>>DEC<D=MI?GDMADN OA=PEDM?=<=APD@=QRD?@=>>FMP?GABKPG=>DAFD>BO>E=<<@=QRD?MD?SBAR>9 + ,40/+ ;TU ADJKFAD>?A=M>@=ADM?OA=PEDM?=?FBM9 + 37.+,8-./0-84.5+V8-WX4.5-547.+ TGDMBM?A=M>@=ADM?OA=PEDM?=?FBM>?A=?DPLADOA=FM>OABEADQBECFMFMPOA=PEDM?>=? =MLFM?DAEDIF=?DP=?DS=L>9YMQD=@=QRD?G=>CDDMOA=PEDM?DIZD=QGOA=PEDM?F> ?AD=?DI=>?GBKPGF?SDAD=MBAFPFM=<@=QRD?9;<<OA=PEDM?>=AD@=>>DI?GABKPG?GDD[F? P=?DS=L\BAP=?DS=L>]Z=>>GBSMFM^FPKAD_`\C]9aDQBECFM=?FBMBQQKA>BM<L=? ID>?FM=?FBMGB>?9bcSBAR>?GF>S=L9 dBMTA=M>@=ADM?OA=PEDM?=?FBM=<>BG=>>BED@ABC<DE>9^BAD[=E@<DZF?ADJKFAD> DHDALGB>??BCD=C<D?BIBAD=>>DEC<L9eD?=MB?GDA@ABC<DEF>?G=?SGDM?GD<=APD @=QRD?F>OA=PEDM?DI?GD?B?=<BHDAGD=IFMQAD=>D>ZCDQ=K>DD=QGOA=PEDM?EK>?G=HD= GD=IDA9 ;M=IH=M?=PDBO?GF>ED?GBIF>?G=?EK<?F@<DD[F?P=?DS=L>Q=MMBSCDK>DI=MI GFPGDA@DAOBAE=MQDQ=MCD=QGFDHDI fGDM=@=QRD?F>OA=PEDM?DIZ?GDOA=PEDM?>EK>?CDMKECDADIFM>KQG=S=L?G=??GD BAFPFM=<I=?=>?AD=EQ=MCDADQBM>?AKQ?DI9YMDS=LBOMKECDAFMP?GDOA=PEDM?>F>?B K>D=?ADD9bO@=QRD?gEK>?CD>@<F?K@Z?GD@FDQD>=ADQ=<<DIg9gZg9_Zg91D?Q9bO?GD>D OA=PEDM?>?GDE>D<HD>EK>?CDOA=PEDM?DI<=?DABMZ?GD@FDQD>=ADMKECDADIg9g9gZ g9g9_Zg9g91Zh9g9_91D?Q9bODMBKPGOFD<I>G=HDCDDMAD>DAHDIFM?GDGD=IDAOBA?GD SBA>?Q=>D=MIMBIK@<FQ=?D>PDMDA=?DI=MLSGDADZ?GF>>QGDEDF>>KOOFQFDM??BDM>KAD ?G=?=<<?GD@FDQD>Q=MCDQBAADQ?<LAD=>>DEC<DI=??GDID>?FM=?FBMZMBE=??DASG=? BAIDA?GDL=AAFHDFM9 iBSDHDAZFODHDMBMDMD?SBAR<B>D>BAIF>Q=AI>@=QRD?>ZDMIN?BNDMIAD?A=M>EF>>FBM> =ADMDDIDIZSF?GKMOBA?KM=?DDOODQ?>OBA?GDMKECDAFMP>L>?DE9jK@@B>D?G=?=_g1kN CF?@=QRD?F>FMF?F=<<LOA=PEDM?DIFM?BOBKADJK=<N>FlDIOA=PEDM?>Zg9gZg9_Zg91=MI g989^A=PEDM?g9_F><B>?ZCK??GDB?GDA@=A?>=AAFHD=??GDID>?FM=?FBM9mHDM?K=<<LZ?GD >BKAQD?FED>BK?=MIAD?A=M>EF?>?GDBAFPFM=<@=QRD?=P=FM9YM<L?GF>?FED?GDABK?D ?=RDM@=>>D>?GABKPG=MD?SBARSF?G=n_1NCF?<FEF?Z>B?SBOA=PEDM?>=ADPDMDA=?DI9 fGDM?GDMDSOA=PEDM?g9_=AAFHD>=??GDID>?FM=?FBMZ?GDADQDFHDASF<<?GFMR?G=?=<< OBKA@FDQD>=ADMBS=QQBKM?DIOBA=ADQBM>?AKQ??GD@=QRD?FMQBAADQ?<L9
V4Wo84+pq+rs+37.58-./0-84.5+t8-WX4.5-547.+
puvw xyyzy+{x||2}~3}+|xy ~ x|+
puvupw~ { + ~.548.45+ 7.5873+{4//-W4+ 8757573 ++ + TGDbM?DAMD? BM?AB<UD>>=PDcAB?BQB<\b Uc]F>=GD<@DA@AB?BQB<?G=?>K@@BA?>bc SF?GO=QF<F?LOBAmAABAAD@BA?FMPjFE@<DJKDAFD>9 b UcED>>=PD>=AD>DM?FMOB<<BSFMP>F?K=?FBM> 12
./ 0123454647849:433;6824:1<6=52=6<346<;3> ./ 0123612746204?5;2=3;614@2612ABCC28<37:4D4:<6?6;C;80485454647849> ./ E123612746204?:435<82:66121;=66;=235684CC<:;34=1;86288;B62F G7*-7H*9I76J* KLMN<=:;3=<5282543<362784OD486;CKN4==1;03<3C<7B821PF Q12K3628326N8;6;:;ORKNS<=3;652=<73256;A24A=;OB62O?82O<4AO2FQ12DB8D;=2;C 612=2:;368;O92==472=<=6;D8;@<52C225A4:T4A;B6D8;AO29=<3612:;99B3<:46<;3 23@<8;39236>3;66;94T2KN82O<4AO2FQ1282482=6<OO3;7B4843622=6146454647849 0<OOA252O<@2825;84:;368;O92==4720<OOA2826B8325FU;9254647849=94?=6<OOA2 B352O<@28250<61;B643?82D;86;C612<8O;==FQ121<7128O2@2OD8;6;:;O=6146B=2KN 9B=6<9DO29236612<8;0382O<4A<O<6?D8;:25B82=<C82O<4AO2:;99B3<:46<;3<=82VB<825F Q12KLMN92==472=6?D<:4OO?82D;86288;8=<3612D8;:2==<37;C54647849=FQ;4@;<5 612<3C<3<6282782==;C92==472=4A;B692==472=26:F>3;KLMN92==472=482=236 4A;B6KLMN92==472=F QKNU KLMND8;@<52=288;882D;86<37>CO;0:;368;O435C<8=6W1;D746204?825<82:6<;3F X7YZ5Z7I*7[*\]^X*ZI*5_4*I456789*`,-48*
3456789*+,-48* *
aZbH84*cde*X8757f7`Y*7[*\I548I45*`,-48*gh]Xi\Xj*
\]^X*_4,k48*[78l,5* K6:;3=<=6=;CC;OO;0<37C<2O5= ./ Q?D2 ./ L;52 ./ KLMN124528:12:T=B9 ./ m464 dd*dn*dc*do*dp*dq*dr*ds*dt*du*nd*nn*nc*no*np*nq*nr*ns*nt*nu*cd*cn*cc*co*cp*cq*cr*cs*ct*cu*od*on* Q?D2 L;52 KLMN124528:12:T=B9 m464 Q12C<2O5=:43A252=:8<A254=C;OO;0= vF/ h-w4xK6<=;CyA<6=FK6=D2:<C<2=612C;8946;C612KLMN92==472F 1F/ ]7k4xK6<=;CyA<6=FK6CB86128VB4O<C<2=612KLMN92==472F zF/ \]^X*{4,k48*]_4f9YHlxK6<=;Cv|A<6=FK6<=:12:T=B96146:;@28=612KLMN 92==472FQ1<=<=612v|WA<6;32}=:;9DO29236;C612;32}=:;9DO29236=B9;C 612KLMN92==472=6486<370<61612Q?D2C<2O5FQ12:12:T=B9C<2O5=1;BO5A2 :O248256;~28;A2C;827232846<37612:12:T=B9F F/ G,5,xK6<=;C@48<4AO2O23761FK6:;364<3=6125464=D2:<C<:6;61292==4726?D2 <35<:4625A?612Q?D2435L;52C<2O5= 12
3456789*+,8-./0785+ -.1+200345-547.+ 6-748+
,704/+78+9:;<+=4//->4/+ ?@ABCDEFGHII@JHAKLM@NLIMBOHHPNHQRIMB@MRHPNLHNMISTOSKIH@LRSOKUNRH@ ABHAVITGWXBHY@OH Z[ X\F?] Z[ D^_?]@LR Z[ D`?DabcE PNHQRIdRHIAONeHR@eKUHfW XBHX\F?PNHQRNRHLMNPNHIMBHCDEFGHII@JH]MBHD^_?PNHQRSOKUNRHIPTOMBHO NLPKOG@MNKL@eKTMMBH@IIKAN@MHRX\F?PNHQR]@LRMBHD`?DabcE SOKUNRHI@ GHMBKRPKORHMHOGNLNLJMBHNLMHJONMYKPMBHGHII@JHW ,40/+ CDEFGHII@JH@OHIHLM@IS@AVHMIKMBHIH@OH@QIKA@QQHRCDEFS@AVHM CDEFGHII@JHI@OHRNUNRHRNLMKMgKA@MHJKONHI Z[ ?OOKOhOHSKOMNLJGHII@JHIW Z[ iTHOYGHII@JHIW ,40/+ CDEFGHII@JHI@OHNRHLMNPNHReYjMYSHjLTGeHOI XBH48878k8407854.>GHII@JHIOHSKOMSOKeQHGIMB@M@OKTMHOKO@BKIMdRHIMNL@MNKLf G@YHLAKTLMHOWXBHlm487+=4//->4/JHMISHANPNANLPKOG@MNKLPOKG@OKTMHOKO@LKMBHO BKIMWnKOHo@GSQH]MBNIA@LeHTIHReYMBHBKIMIMKRNIAKUHOMBHOKTMHOISOHIHLMNLMBHNO LHMgKOVWXBHBKIMgKTQRIHLR@CDEFpTHOY@IVNLJPKOOKTMHOIMKOHISKLRWXBHKTMHOI SOHIHLMNLMBHLHMgKOVgNQQOHISKLRgNMB@LCDEFOHSQYGHII@JHWXBHBKIMgKTQRJHM NLPKOG@MNKL@eKTMMBHOKTMHOPOKGMBNIOHSQYW qr-=034/+78+48878+8407854.>+=4//->4/++ Z[ _HIMNL@MNKLTLOH@AB@eQH Z[ bKTOAHpTHLAB Z[ XNGHHoAHHRHR Z[ F@O@GHMHOSOKeQHG Z[ sHRNOHAMNKL qr-=034+78+lm487+=4//->4/++ Z[ ?ABKOHpTHIM@LROHSQY Z[ XNGHIM@GSOHpTHIM@LROHSQY Z[ tRROHIIG@IVOHpTHIM@LROHSQY Z[ sKTMHOIKQNANM@MNKL@LR@RUHOMNIHGHLM
uvwvxy9z;<{9.548.45+z87m0+;4//->4+<8757573|+
C}EFNI@SOKMKAKQMB@MG@L@JHIJOKTSGHGeHOIBNSWXBHC}EFSOKMKAKQJNUHIMBH GTQMNA@IMOKTMHOINLPKOG@MNKL@eKTMMBHGHGeHOIBNSIM@MTIKPBKIMIdOKTMHOIf AKLLHAMHRMKMBHLHMgKOVW ,40/+ 12
3456789*+,-48* *
./012/103245678/891:1/0;2404<4=>.37;?@A0B162404<4=5A1C04A566420 :5=0@<8A0@/9D E7FG5G7H*7I*JKLE*GH*5M4*H456789*N,-48* *
O-P4F*7I*Q4FF,R4F*GH*JKLE* .37;B8A0B2110S61A4T:1AA891AU VW 0B1X512SY VW 0B1:1:Z12AB@6216420Y VW 8/C0B1=18[1216420D \B1218210]40S61A4TX512S:1AA891A8AAB4]/@/T@9521^2Y91/128=8/CA61<@8=
_GR`84*abc*O-P4F*7I*d`48-*Q4FF,R4F*GH*JKLE*
*
.37;T28:1T42:80 .0<4/A@A0A4TT4==4]@/9T@1=CA VW \S61 VW 78e@:5:21A64/A10@:1 VW fB1<gA5: VW 324568CC21AA1A hh*hb*ha*hi*hj*hk*hl*hm*hn*ho*bh*bb*ba*bi*bj*bk*bl*bm*bn*bo*ah*ab*aa*ai*aj*ak*al*am*an*ao*ih*ib* \S61 f4C1 .37;fB1<gA5: .C1/0@T@12 32456pCC21AA p<<1AAq1S \B1T@1=CA<8/Z1C1A<2@Z1C8AT4==4]A 2DW O-P4r*.0@A4TsZ@0ADt4==4]@/90S61A4T.37;:1AA891A82164AA@Z=1 12
3456789*+,8-./0785+ -.1+200345-547.+ 6-748+
289 :714;<=>?@ABC>=?8<DEFGHE=HIG@JKLHMJH?=NH??EOHP=Q>?A>HRS>DS>TE=H?>A =QHDHUQ@?=OG@JK>?=@CHKJCR>T@GKG>VE=H8<DERR@=QHGLHMJH?=NH??EOH?P=Q>? A>HRS>??H==@WHG@8 <DELHKRXNH??EOHP=QHYZ[\A>HRS?KHT>A>H?=QH@J=T@NH@A=QHGHMJH?=8 189 ]^_`+:a459/bc;<=>?@AdeC>=?8fQHTQHTg?JN>?=QHdehC>=@DHi? T@NKRHNHD=@A=QH@DHi?T@NKRHNHD=?JN@A=QH<IjkNH??EOH?=EG=>DOU>=Q =QH<IjkfXKH8l@GT@NKJ=>DO=QHTQHTg?JNP=QHTQHTg?JNA>HRS?Q@JRSA>G?= CHTRHEGHS=@m8nQHD=QHSE=EKETgH=>?=GED?N>==HSP=QHTQHTg?JN>?T@NKJ=HS EDS>D?HG=HS>D=@=Q>?A>HRS8nQHD=QHSE=EKETgH=>?GHTH>VHSP=QHTQHTg?JN>? EOE>DT@NKJ=HSEDSVHG>A>HSEOE>D?==QHTQHTg?JNA>HRS8<A=QH=U@TQHTg?JN? S@D@=NE=TQ=QHDEDHGG@GQE?@TTJGGHS8 o89 ]14.54p448;<=>?@A12C>=?8<DET@DA>GNIG@JKLHMJH?=NH??EOHP=QH>SHD=>A>HG A>HRST@D=E>D?WHG@8<DERR@=QHGLHMJH?=NH??EOH?P=QH>SHD=>A>HGA>HRST@D=E>D?E VERJH=@S>?=>DOJ>?Q=QHGHMJH?=AG@N@=QHGGHMJH?=?CX=QH?ENHQ@?=8<DELHKRX NH??EOHP=QH>SHD=>A>HGA>HRST@D=E>D?=QH?ENHVERJHE?>D=QHT@GGH?K@DS>DO LHMJH?=NH??EOH8 q89 ^87b0+21184//;+<=>?+@A12C>=?8<DEFGHE=HIG@JKLHMJH?=NH??EOHP=QHOG@JK ESSGH??A>HRST@D=E>D?WHG@8<DERR@=QHGLHMJH?=NH??EOH?P=QHOG@JKESSGH?? A>HRST@D=E>D?EQ@?=OG@JKESSGH??8<DEFGHE=HIG@JKLHKRXNH??EOHP=QHOG@JK ESSGH??A>HRST@D=E>D?H>=QHGEDHURXERR@TE=HSQ@?=OG@JKESSGH??r>A=QHGHMJH?= >?OGED=HSs@GWHG@r>ASHD>HSs8<DERR@=QHGLHKRXNH??EOH?P=QHOG@JKESSGH?? A>HRST@D=E>D?=QH?ENHQ@?=OG@JKESSGH??E?>D=QHT@GGH?K@DS>DOLHMJH?= NH??EOH8 e89 2554//+t47;fQ>?A>HRS>?@AeoC>=?8<DEFGHE=HIG@JKLHMJH?=NH??EOHP=QH ETTH??gHXA>HRST@D=E>D?WHG@8<DERR@=QHGLHMJH?=NH??EOH?P=QHETTH??gHX A>HRST@D=E>D?=QHETTH??gHXE??>ODHS=@=QHQ@?=OG@JK>SHD=>A>HS>D=QHIG@JK uSSGH??A>HRSrWHG@A@GKJCR>TOG@JK?s8<DEFGHE=HIG@JKLHKRXNH??EOHP=QH ETTH??gHXA>HRST@D=E>D?H>=QHGED@DhWHG@eohC>=DJNCHGr>A=QHGHMJH?=A@GE KG>VE=HOG@JK>?OGED=HSs@GWHG@8<DERR@=QHGLHKRXNH??EOH?P=QHETTH??gHX A>HRST@D=E>D?=QH?ENHETTH??gHXE?>D=QHT@GGH?K@DS>DOLHMJH?=8 v7+77b+9.76w+ <Ijk>?SHA>DHS>DLlFddd28
x;yz {|__2}~+
<D=Q>?JD>=PUH?=JS>HSVEG>@J?SH?>OD>??JH?@ADH=U@GgREXHG8 H=U@GgREXHGKG@V>SH? CH?=G@J=HAG@N?@JGTH=@SH?=>DE=>@DJ?>DOESEK=>VHG@J=>DOERO@G>=QNR>gHS>?=EDTH VHT=@GG@J=>DOEDSR>Dg?=E=HG@J=>DO8u?HG@J?SGEUCETg@AS>?=EDTHVHT=@GG@J=>DO>? T@JD==@>DA>D>=XKG@CRHN8<=>?ER?@GH?K@D?>CRHA@GT@DOH?=>@DT@D=G@RJ?>DORHEgX CJTgH=EDS=@gHDRHEgXCJTgH=ERO@G>=QN8fQHA@JGNE>DKG@=@T@R?=QE=@KHGE=H?@D DH=U@GgREXHGEGHuLkPLuLkP<FjkP<Ijk8 H=U@GgREXHGNE>DRXU@Gg?@D<k ESSGH??8<kESSGH??H?EGH12C>=?8<kESSGH??H?QEVHCHHDS>V>SHS>D=@A>VHTRE??H? DENHRXuP PFP P 8<FjkEDS8<FjkEDS<IjkEGHHGG@GGHK@G=>DOKG@=@T@R?8uLk EDSLuLkEGHJ?HSA@GESSGH??=GED?RE=>@D8
x; z } } 3: { |}, }+} 2v]3^+
d89<D=G@SJT=>@D =@ E=E F@NNJD>TE=>@D H=U@Gg>DOP1GS S>=>@DP HQG@JW l@G@JWEDPfE=EjTIGEU >RR8 12
-./01234567865917:;<=.>.?@A6AB@42 C5D EFG5G1A<H7@I5GI6J@KK1LMAFG@<869 N6KDG.-OO1. 1./N14PK@;E.01267<MA567A65917:GAP9G5D?0HQMHR1K.STH7GAIG3K6;<H7151I1K;<@AF =7IDG56I5476UC5DEFG5G1AV. C./W@26;X.Y471;6<01234567865917:GAPT=?13ZN19A=3371@IDX6@547GAP5D6 MA567A65U17FEFG5G1AV. [./\@77]\.H6567;1A<01234567865917:;T=>];562;=3371@ID<17FEFG5G1AU?D6 ^17P@AY@4L2@AA>67G6;GA865917:GAPV. _./999.9G:G36FG@.17P `./a.bGID@7F>56c6A;<?D6H7151I1K;U?0HQMHMKK4;57@56F<R1K426SV. d./aGKKG@2>5@KKGAP;<N@5@@AF0123456701224AGI@5G1A;<>6c6A5DEFG5G1A.
2345678)*+,37) )
efeghij*klmj2no2ipqri) s)))))tu3v8)w6x7)y76z73{{)e)
S./ -./ 1./ C./ [./
N N = 0 =
s)))))tu3v8)w6x7)y76z73{{)|)
S./ 0 -./ N 1./ 0
11
456789*+,-9./01896, ./2,311456.658/, 7.859,
94:-,;<=>>?@A=B@CD<?=EFG< HIJKLIKJM<
VWXYZ[\]X^ZW# `abc]X^dce# hi^cWX#jcYdcY#kY]l^Xc]X\Yc# mZno^W#ponc#jcYdcY#qmpjr# RSRS_U slc#mpj#Wonc#eto]c# RSRSgU uceZ\Y]c#Yc]ZY[e# RSRSRU ponc#ecYdcYe# RSRS1U ucnZXc#iZv^W#qXciWcXr# RSRSwU slc#XciWcX#otti^]oX^ZW# RSRSxU slc#XciWcX#tYZXZ]Zi# RS1U ucnZXc#yZv^W#qsciWcXr# RS1S_U slc#zs{#otti^]oX^ZW# RS1SgU slc#zs{#tYZXZ]Zi# RSwU z^ic#sYoWe|cY#{YZXZ]Zi#qzs{r# RSxU pcX}ZY~# oWovcncWX# RSxS_U hZW|^v\YoX^ZW#noWovcncWX# RSxSgU uc]ZW|^v\YoX^ZW# RSxSRU mZ]\ncWXoX^ZW# RSxS1U zo\iX#noWovcncWX# RSxSwU uco]X^dc#|o\iX#noWovcncWX# RSxSxU {YZo]X^dc#|o\iX#noWovcncWX# RSxS U {cY|ZYnoW]c#noWovcncWX# RSxS2U jc]\Y^X #noWovcncWX# RSxSfU k]]Z\WX^Wv#noWovcncWX# RSxS_TUjp {#tYZXZ]Zi# RS U ZY[# ^[c# ca#oW[#hi^cWX#jcYdcY#ktti^]oX^ZWe# RS S_U kY]l^Xc]X\Yoi#ZdcYd^c}#q#}}}r# RS2U ic]XYZW^]# o^i# RS2S_U kY]l^Xc]X\Yc#oW[#ecYd^]ce# RS2SgU slc#\ecY#ovcWX# RSfU j\nnoY # RS_TU uc|cYcW]ce z\YXlcY#uco[^Wve# RS__# jZi\X^ZWe# #kWe}cYe# # # # #
>NOM<DPQ<
RSTU RS_U RSgU RSRU
;Q @DBGC AB@CD<
12# 1f# 1f# 1f#
w1# ww# wx#
x_# T# #
R# R# ########### R#
slc#otti^]oX^ZW#io cY#]ZWXo^We#o#doY^cX #Z|#tYZXZ]Zie#XloX#oYc#]ZnnZWi #Wcc[c[#a # \ecYeS#`Wc#}^[ci \ec[#otti^]oX^ZW#tYZXZ]Zi#^e# ss{#q tcY#sc X#sYoWe|cY#{YZXZ]Zir # }l^]l#^e#Xlc#aoe^e#|ZY#Xlc# ZYi[# ^[c# caS# lcW#o#aYZ}ecY#}oWXe#o# ca#tovc #^X# ecW[e#Xlc#Wonc#Z|#Xlc#tovc#^X#}oWXe#XZ#Xlc#ecYdcY#\e^Wv# ss{S#slc#ecYdcY#XlcW#ecW[e# Xlc#tovc#ao]~S#`XlcY#otti^]oX^ZW#tYZXZ]Zie#oYc#\ec[#|ZY#|^ic#XYoWe|cY #cic]XYZW^]#no^i # oW[#WcX}ZY~#Wc}eS#slc#otti^]oX^ZW#io cY#cWoaice#Xlc#\ecY #}lcXlcY#l\noW#ZY#eZ|X}oYc # XZ#o]]cee#Xlc#WcX}ZY~S#VX#tYZd^[ce#\ecY#^WXcY|o]ce#oW[#e\ttZYX#|ZY#ecYd^]ce#e\]l#oe# cic]XYZW^]#no^i #YcnZXc#|^ic#o]]cee#oW[#XYoWe|cY #eloYc[#[oXoaoec#noWovcncWX #oW[# ZXlcY#X tce#Z|#[^eXY^a\Xc[#^W|ZYnoX^ZW#ecYd^]ceS#ktti^]oX^ZW io cY#|\W]X^ZWe#X t^]oii # ^W]i\[c#^[cWX^| ^Wv#]Znn\W^]oX^ZW#toYXWcYe #[cXcYn^W^Wv#YceZ\Y]c#odo^ioa^i^X #oW[# e W]lYZW^ ^Wv#]Znn\W^]oX^ZWS# lcW#^[cWX^| ^Wv#]Znn\W^]oX^ZW#toYXWcYe #Xlc# otti^]oX^ZW#io cY#[cXcYn^Wce#Xlc#^[cWX^X #oW[#odo^ioa^i^X #Z|#]Znn\W^]oX^ZW#toYXWcYe# |ZY#oW#otti^]oX^ZW#XloX#loe#[oXo#XZ#XYoWen^XS# lcW#[cXcYn^W^Wv#YceZ\Y]c#odo^ioa^i^X # Xlc#otti^]oX^ZW#io cY#n\eX#[c]^[c#}lcXlcY#e\||^]^cWX#WcX}ZY~#ZY#Xlc#Yc \ceXc[# ]Znn\W^]oX^ZW#c ^eXeS#sl^e#\W^X#]ZdcYe#Xlc#[cXo^ie#Z|#oii#^ntZYXoWX#|\W]X^ZWe#oW[# 12#
0!
34567843$9:$;<<=78>?79@$=>A45$7@8=BC7@D$C7::454@?$<59?989=3$>6>7=>E=4$7@$;<<=78>?79@$ =>A45F$
566789*+8,-./*012.
GHIJ KLMNOPQRNST
;:?45$D97@D$?U59BDU$?U73$B@7?V$A9B$W7==$E4$>E=4$?9X$ YZ C4:7@4$>@C$[@9W$?U4$:B@8?79@3$9:$;<<=78>?79@$=>A45$$ YZ \@C453?>@C$?U4$W95[7@D$9:$]9^>7@$_>^4$`45645$ YZ a@9W$?U4$:4>?B543$>@C$34567843$9:$b4=@4?$>@C$cbd$$ YZ \@C453?>@C$?U4$_4?W95[$e>@>D4^4@?$733B43$$$ YZ \@C453?>@C7@D$9:$?U4$fff$g=74@?h`45645$>58U7?48?B54$ YZ a@9W$?U4$i^>7=$;58U7?48?B54$>@C$`4567843$
GHjJ OkQNlPTSNmRNmTnmOoQPNOPpmNT
g=74@?h345645$>58U7?48?B54$^4>@3$9@4$95$^954$89^<B?453$73h>54$>8?7@D$>3$8=74@?$9@4$ 89^<B?45$73$E4U>67@D$>3$34564$WU78U$<54:45>E=A$9:$U7DU$89@:7DB5>?79@F$$q@$37^<=4$ W95C3$8=74@?$73$C4:7@4C$>3$54rB43?45$9:$34567843$>@C$345645$73$C4:7@4C$>3$<5967C45$9:$ 34567843F$g=74@?$>@C$`456453$>54$@9?U7@D$EB?$<59D5>^3V$WU78U$D4@45>==A$5B@$9@$ C7::454@?$^>8U7@43h89^<B?453F$$$ $ $ g=74@?$;$ $$g=74@?$ $$ g=74@?$g$ $ $ $ $ $ `45645$ $ $ $ stuvwxTIyTTOztx{|}Sxw~xwTnw t|x |vwxT
fU4@$8=74@?$W>@?3$39^4$7@:95^>?79@$95$W>@?3$?9$<45:95^$39^4$?>3[$EA$345645$7?$U>3$?9$ 89@?>8?$?U4$345645$>3$3U9W@$7@$:7DB54 F$bU454:954V$?U4$8=74@?$7@7?7>==A$@44C3$?U4$>CC5433$ 9:$?U4$345645V$>@C$?5743$?9$89@?>8?$?U4$345645$B37@D$?U>?$>CC5433F$`45645$73$>$<59D5>^$ WU78U$73$>=W>A3$5B@@7@D$>@C$W>7?7@D$?9$34564$8=74@?3F$`45645$W4=89^43$?U4$8=74@?$ 7:$ :544 $>3$?U4$8=74@?$89@?>8?3$7?F$;:?45$89@?>8?7@D$?U4$345645V$?U4$345645$W4=89^43$?U>?$ 8=74@?$ 7:$:544 V$?U4$8=74@?$7@:95^3$>E9B?$7?3$9W@$>CC5433$?9$3456453$39$?U>?$345645$8>@$ 54<=A$?U4$8=74@?$>=39F$$ $ fU4@$E9?U$8=74@?3$>@C$3456453$4 8U>@D4$7^<95?>@?$7@:95^>?79@$?9$4>8U$9?U45$ 89@@48?79@$43?>E=73U43F$$ @84$W7?U$89@@48?79@$95$=7@[$43?>E=73U4CV$E9?U$8=74@?$>@C$ 345645$89B=C$4 8U>@D4$>@A$7@:95^>?79@$W7?U$4>8U$9?U45F$f4$W7==$54>C$^954$C4?>7=3$9:$ 8=74@?h345645$>58U7?48?B54$:B5?U45$7@$?U73$B@7?$CB57@D$C738B3379@$>E9B?$f95C$f7C4$f4EF$
GHGJ K nQlTln NTSNmRNmT lS T
d59D5>^3$?U4954?78>==A$89B=C$54:45$?9$U93?3V$^>7=E9 43V$>@C$9?U45$5439B5843$EA$?U475$ @4?W95[$ 4FDFV$qd $>CC543343V$?U434$>CC543343$>54$U>5C$:95$<49<=4$?9$54^4^E45F$;=39V$ 34@C7@D$4 ^>7=$?9$ $^4>@3$?U>?$7:$ >67 3$q`d$95$95D>@7 >?79@$^9643$ ?U4$^>7=$345645$?9$>$C7::454@?$^>8U7@4$W7?U$>$C7::454@?$qd$>CC5433V$U73$4 ^>7=$>CC5433$ U>3$?9$8U>@D4F$g9@34rB4@?=AV$;`gqq$@>^43$W454$7@?59CB84C$?9$C489B<=4$^>8U7@4$ @>^43$:59^$^>8U7@4$>CC543343F$q@$?U73$W>AV$ >67 3$>CC5433$^7DU?$E4$39^4?U7@D$=7[4$ 5>67 >5?FB83EF4CBF$_4645?U4=433V$?U4$@4?W95[$7?34=:$B@C453?>@C3$9@=A$@B^4578>=$ >CC543343V$39$39^4$^48U>@73^$73$54rB754C$?9$89@645?$?U4$;`gqq$3?57@D3$?9$@4?W95[$ >CC543343F$$ !
23$
456789*+,-9./01896, ./2,311456.658/, 7.859,
# 9:;#<:=>#?@#ABC#DEFDGHIJ#ABCKC#L:M#M?NOP;#:#Q?PCJ#BRMAMSATA#AB:A#P?MACU#:PP#ABC#BRMAM# :@U#ABC?K#VF#:UUKCMMCMS#HWCK;#@?XBAJ#:PP#ABC#BRMAM#LRYPU#QCA=B#?A#QKRN#ABC#M?AC#:A#LB?=B# ?A#L:M#N:?@A:?@CUS#ZRK#:#@CALRK>#RQ#:#QCL#BY@UKCU#P:KXC#A?NCMB:K?@X#N:=B?@CMJ#AB?M# :OOKR:=B#LRK>CU#KC:MR@:<P;#LCPPS# # [RLCWCKJ#LBC@#ABRYM:@UM#RQ#N?@?=RNOYACKM#:@U#F\M#LCKC#=R@@C=ACU#AR#ABC#@CAJ# CWCK;R@C#KC:P?]CU#AB:A#AB?M#:OOKR:=B#=RYPU#@RA#=R@A?@YC#AR#LRK>#QRKCWCKS#ZRK#R@C# AB?@XJ#ABC#M?]C#RQ#ABC#Q?PC#LRYPU#<C=RNC#ARR#P:KXCS#[RLCWCKJ#CWC@#NRKC#?NORKA:@AJ# BRMA#@:NC#=R@QP?=AM#LRYPU#R==YK#=R@MA:@AP;#Y@PCMM#@:NCM#LCKC#=C@AK:PP;#N:@:XCUJ# MRNCAB?@X#Y@AB?@>:<PC#?@#:#BYXC#?@ACK@:A?R@:P#@CALRK>#UYC#AR#ABC#PR:U#:@U#P:AC@=;S#IR# MRPWC#ABCMC#OKR<PCNMJ#^_`abABC#^cdefga_edha`ijkhdl#L:M#?@WC@ACUS# # IBC#CMMC@=C#RQ#mGn#?M#ABC#?@WC@A?R@#RQ#:#B?CK:K=B?=:PJ#URN:?@o<:MCU#@:N?@X#M=BCNC# :@U#:#U?MAK?<YACU#U:A:<:MC#M;MACN#QRK#?NOPCNC@A?@X#AB?M#@:N?@X#M=BCNCS#VA#?M# OK?N:K?P;#YMCU#QRK#N:OO?@X#BRMA#@:NCM#:@U#CoN:?P#UCMA?@:A?R@M#AR#VF#:UUKCMMCM#<YA#=:@# :PMR#<C#YMCU#QRK#RABCK#OYKORMCMS#pCK;#<K?CQP;J#ABC#L:;#mGn#?M#YMCU#:M#QRPPRLMS#IR#N:O# :#@:NC#R@AR#:@#VF#:UUKCMMJ#:@#:OOP?=:A?R@#OKRXK:N#=:PPM#:#P?<K:K;#OKR=CUYKC#=:PPCU#ABC# qhjcrshqJ#O:MM?@X#?A#ABC#@:NC#:M#:#O:K:NCACKS#IBC#KCMRPWCK#MC@UM#:#tmF#O:=>CA#AR#:# PR=:P#mGn#MCKWCKJ#LB?=B#ABC@#PRR>M#YO#ABC#@:NC#:@U#KCAYK@M#ABC#VF#:UUKCMM#AR#ABC# KCMRPWCKJ#LB?=B#ABC@#KCAYK@M#?A#AR#ABC#=:PPCKS#DKNCU#L?AB#ABC#VF#:UUKCMMJ#ABC#OKRXK:N# =:@#ABC@#CMA:<P?MB#:#I\F#=R@@C=A?R@#L?AB#ABC#UCMA?@:A?R@#RK#MC@U#?A#tmF#O:=>CAMS#
uvuvwxyzha^_`a_edha`{e|ha
}:@:X?@X#:#P:KXC#:@U#=R@MA:@AP;#=B:@X?@X#MCA#RQ#@:NCM#?M#:#@R@AK?W?:P#OKR<PCNS#V@#ABC# ORMA:P#M;MACNJ#@:NC#N:@:XCNC@A#?M#UR@C#<;#KC~Y?K?@X#PCAACKM#AR#MOC=?Q;#b?NOP?=?AP;#RK# CTOP?=?AP;l#ABC#=RY@AK;J#MA:AC#RK#OKRW?@=CJ#=?A;J#:@U#MAKCCA#:UUKCMM#RQ#ABC#:UUKCMMCCS## \R@=COAY:PP;J#ABC#V@ACK@CA#?M#U?W?UCU#?@AR#RWCK# 22#AROoPCWCP# cdefgjJ#LBCKC#C:=B# URN:?@#=RWCKM#N:@;#BRMAMS#H:=B#URN:?@#?M#O:KA?A?R@CU#?@AR#MY<#URN:?@MJ#:@U#ABCMC# :KC#QYKABCK#O:KA?A?R@CUJ#:@U#MR#R@S#DPP#ABCMC#URN:?@M#=:@#<C#KCOKCMC@ACU#<;#:#AKCCJ#:M# MBRL@#?@#Z?XYKC# S##IBC#PC:WCM#RQ#ABC#AKCC#KCOKCMC@A#URN:?@M#AB:A#B:WC#@R#MY<#URN:?@M# b<YA#UR#=R@A:?@#N:=B?@CMJ#RQ#=RYKMClS#D#PC:Q#URN:?@#N:;#=R@A:?@#:#M?@XPC#BRMAJ#RK#?A# N:;#KCOKCMC@A#:#=RNO:@;#:@U#=R@A:?@#ABRYM:@UM#RQ#BRMAMS# a #
f qha aa a{cqkfcgac akzha gkhqghka cdefgagedhaj{e|ha
#
IBC#AROoPCWCP#URN:?@M#=RNC#?@#ALR#QP:WRKM # hghqf|#:@U#|c gkqfhjS#IBC#RK?X?@:P# XC@CK?=#URN:?@M#LCKC#=RN#b=RNNCK=?:PlJ#CUY#bCUY=:A?R@:P#?@MA?AYA?R@MlJ#XRW#bABC# RWCK@NC@AlJ#?@A#b=CKA:?@#?@ACK@:A?R@:P#RKX:@?]:A?R@MlJ#N?P#bABC#tSnS#:KNCU#QRK=CMlJ#@CA# b@CALRK>#OKRW?UCKMlJ#:@U#RKX#b@R@OKRQ?A#RKX:@?]:A?R@MlS#IBC#=RY@AK;#URN:?@M#?@=PYUC# R@C#C@AK;#QRK#CWCK;#=RY@AK;J#:M#UCQ?@CU#?@#Vn # S# # 12#
0!
34$56789:8;$<===>$3?@55$ABB;678C$D6E;$48F>$G848;AHIBE;B6J8>$K6BIH878H$C69AL4J>$ 4A98HM>$:LN$O:EJL48JJ8JP>$L4D6$OL4D6;9AKL64P>$4A98$OB86BH8QJ$4A98JP>$A4C$B;6$ OB;6D8JJL64J>$JERS$AJ$C6RK6;J$A4C$HAFM8;JPT$34$ACCLKL64>$KS;88$96;8$JB8RLAHLN8C$K6BI H878H$C69AL4J$F8;8$L4K;6CER8C$AK$KS8$;8UE8JK$6D$R8;KAL4$L4CEJK;L8JT$VS8J8$A;8$A8;6$ OA8;6JBAR8$L4CEJK;MP>$R66B$OR6I6B8;AKL78JP>$A4C$9EJ8E9$O9EJ8E9JPT$WKS8;$K6BIH878H$ C69AL4J$FLHH$:8$ACC8C$L4$KS8$DEKE;8T$ $ @J$A4$AJLC8>$AJ$KS8$34K8;48K$:8R698J$96;8$R6998;RLAH>$LK$AHJ6$:8R698J$96;8$ R64K84KL6EJT$VAX8$B;6>$D6;$8YA9BH8T$3K$FAJ$L4K84C8C$D6;$R8;KLDL8C$B;6D8JJL64AHJT$$ $ 34$G848;AH>$G8KKL4G$A$J8R64CIH878H$C69AL4>$JERS$AJ$4A98I6DIR69BA4MTR69>$LJ$8AJMT$3K$ 98;8HM$;8UEL;8J$G6L4G$K6$A$;8GLJK;A;$D6;$KS8$R6;;8JB64CL4G$K6BIH878H$C69AL4$OR69$L4$ KSLJ$RAJ8P$K6$RS8RX$LD$KS8$C8JL;8C$4A98$LJ$A7ALHA:H8$A4C$46K$J698:6CM$8HJ8QJ$K;AC89A;XT$ 3D$KS8;8$A;8$46$B;6:H89J>$KS8$;8UE8JK8;$BAMJ$A$J9AHH$A44EAH$D88$A4C$G8KJ$KS8$4A98T$ZM$ 46F>$7L;KEAHHM$878;M$R69964$O[4GHLJSP$F6;C$SAJ$:884$KAX84$L4$KS8$R69$C69AL4T$V;M$ S6EJ8S6HC$A;KLRH8J>$A4L9AHJ>$BHA4KJ>$:6CM$BA;KJ>$8KRT$58A;HM$AHH$A;8$KAX84T$ $ [ARS$C69AL4$LJ$4A98C$:M$KS8$BAKS$EBFA;C$D;69$LK$K6$KS8$OE44A98CP$;66KT$VS8$ R69B6484KJ$A;8$J8BA;AK8C$:M$B8;L6CJ$OB;646E4R8C$QC6KQPT$\69AL4$4A98J$RA4$:8$8LKS8;$ A:J6HEK8$6;$;8HAKL78T$@4$A:J6HEK8$C69AL4$4A98$AHFAMJ$84CJ$FLKS$A$B8;L6C$O8TGT>$ 84GTJE4TR69TP>$FS8;8AJ$A$;8HAKL78$648$C68J$46KT$]8HAKL78$4A98J$SA78$K6$:8$L4K8;B;8K8C$ L4$J698$R64K8YK$K6$E4LUE8HM$C8K8;9L48$KS8L;$K;E8$98A4L4GT$34$:6KS$RAJ8J>$A$4A98C$ C69AL4$;8D8;J$K6$A$JB8RLDLR$46C8$L4$KS8$K;88$A4C$AHH$KS8$46C8J$E4C8;$LKT$ $ \69AL4$4A98J$A;8$RAJ8$L4J84JLKL78>$J6$8CE>$[CE>$A4C$[\^$98A4$KS8$JA98$KSL4GT$ ?69B6484K$4A98J$RA4$:8$EB$K6$_`$RSA;ARK8;J$H64G>$A4C$DEHH$BAKS$4A98J$9EJK$46K$ 8YR88C$<22$RSA;ARK8;JT$ $ 34$B;L4RLBH8>$C69AL4J$RA4$:8$L4J8;K8C$L4K6$KS8$K;88$L4$KF6$CLDD8;84K$FAMJT$a6;$8YA9BH8>$ RJTMAH8T8CE$R6EHC$8UEAHHM$F8HH$:8$HLJK8C$E4C8;$KS8$^b$R6E4K;M$C69AL4$AJ$RJTMAH8TRKTEJT$ 34$B;ARKLR8>$S6F878;>$96JK$6;GA4LNAKL64J$L4$KS8$^4LK8C$bKAK8J$A;8$E4C8;$A$G848;LR$ C69AL4>$A4C$96JK$6EKJLC8$KS8$^4LK8C$bKAK8J$A;8$E4C8;$KS8$C69AL4$6D$KS8L;$R6E4K;MT$ VS8;8$LJ$46$;EH8$AGAL4JK$;8GLJK8;L4G$E4C8;$KF6$K6BIH878H$C69AL4J>$:EK$D8F$ 6;GA4LNAKL64J$8YR8BK$9EHKL4AKL64AHJ$C6$LK$O8TGT>$J64MTR69$A4C$J64MT4HPT$ $ [ARS$C69AL4$R64K;6HJ$S6F$LK$AHH6RAK8J$KS8$C69AL4J$E4C8;$LKT$a6;$8YA9BH8>$cABA4$SAJ$ C69AL4J$ARTdB$A4C$R6TdB$KSAK$9L;;6;$8CE$A4C$R69T$VS8$58KS8;HA4CJ$C68J$46K$9AX8$KSLJ$ CLJKL4RKL64$A4C$BEKJ$AHH$6;GA4LNAKL64J$CL;8RKHM$E4C8;$4HT$VSEJ>$AHH$KS;88$6D$KS8$D6HH6FL4G$ A;8$E4L78;JLKM$R69BEK8;$JRL84R8$C8BA;K984KJe$ $ 3Tf RJTMAH8T8CEOgAH8$^4L78;JLKM>$L4$KS8$^4LK8C$bKAK8JP$ <Tf RJT7ET4HOh;Ld8$^4L78;JLK8LK>$L4$VS8$58KS8;HA4CJP$ `Tf RJTX8L6TARTdBOi8L6$^4L78;JLKM>$L4$cABA4P$ V6$R;8AK8$A$48F$C69AL4>$B8;9LJJL64$LJ$;8UEL;8C$6D$KS8$C69AL4$L4$FSLRS$LK$FLHH$:8$ L4RHEC8CT$a6;$8YA9BH8>$LD$A$hjb3$G;6EB$LJ$JKA;K8C$AK$gAH8$A4C$FA4KJ$K6$:8$X46F4$AJ$ 7HJLTRJTMAH8T8CE>$LK$SAJ$K6$G8K$B8;9LJJL64$D;69$FS6878;$9A4AG8J$RJTMAH8T8CET$$ $ bL9LHA;HM>$LD$A$48F$E4L78;JLKM$LJ$RSA;K8;8C>$JAM>$KS8$^4L78;JLKM$6D$56;KS8;4$b6EKS$ \AX6KA>$LK$9EJK$AJX$KS8$9A4AG8;$6D$KS8$8CE$C69AL4$K6$AJJLG4$LK$E4JCT8CET$34$KSLJ$FAM>$ 4A98$R64DHLRKJ$A;8$A76LC8C$A4C$8ARS$C69AL4$RA4$X88B$K;ARX$6D$AHH$LKJ$JE:C69AL4JT$ W4R8$A$48F$C69AL4$SAJ$:884$R;8AK8C$A4C$;8GLJK8;8C>$LK$RA4$R;8AK8$JE:C69AL4J>$JERS$AJ$ RJTE4JCT8CE>$FLKS6EK$G8KKL4G$B8;9LJJL64$D;69$A4M:6CM$SLGS8;$EB$KS8$K;88T$ $ !
566789*+8,-./*012.
23$
456789*+,-9./01896, ./2,311456.658/, 7.859,
9:;<=>#?@AA@BC#@D>:=<E:F<@=:A#G@H=I:D<JCK#=@F#LMNC<O:A#=JFB@DPCQ#R@D#JS:;LAJK#<?#FMJ# O@;LHFJD#CO<J=OJ#:=I#JAJOFD<O:A#J=><=JJD<=>#IJL:DF;J=FC#:DJ#A@O:FJI#<=#FMJ#C:;J# GH<AI<=>#:=I#CM:DJ#FMJ#C:;J#TU9K#FMJN#O:=#=JVJDFMJAJCC#M:VJ#I<CF<=OF#I@;:<=CQ##
WXWXYZ[\]^_`a\b[\a^`c]b
dVJDN#I@;:<=K#BMJFMJD#<F#<C#:#C<=>AJ#M@CF#@D#:#F@LeAJVJA#I@;:<=K#O:=#M:VJ#:#CJF#@?# `\]^_`a\b`\a^`c]b:CC@O<:FJI#B<FM#<FQ#R@D#:#C<=>AJ#M@CFK#FMJ#;@CF#O@;;@=#DJC@HDOJ# DJO@DI#<C#fHCF#<FC#gh#:IIDJCCK#GHF#;:=N#@FMJD#P<=IC#@?#DJC@HDOJ#DJO@DIC#:AC@#JS<CFQ#iMJ=# :#DJC@AVJD#><VJC#:#I@;:<=#=:;J#F@#j9kK#BM:F#<F#>JFC#G:OP#:DJ#FMJ#DJC@HDOJ#DJO@DIC# :CC@O<:FJI#B<FM#FM:F#=:;JQ#lMHCK#FMJ#LD<;:DN#?H=OF<@=#@?#j9k#<C#F@#;:L#I@;:<=# =:;JC#@=F@#DJC@HDOJ#DJO@DICQ# # U#DJC@HDOJ#DJO@DI#<C#:#mnopqrstupQ#UAFM@H>M#FMJN#:DJ#J=O@IJI#<=#G<=:DN#?@D#J??<O<J=ONK# <=#;@CF#JSL@C<F<@=CK#DJC@HDOJ#DJO@DIC#:DJ#LDJCJ=FJI#:C#Ukvgg#FJSFK#@=J#A<=J#LJD# DJC@HDOJ#DJO@DIQ#lMJ#?@D;:F#BJ#B<AA#HCJ#<C#:C#?@AA@BCw# xyz^{|}~ ~|{\ b }{\ ^ } \ b |]]b \ b | _\b lMJ#j@;:<= =:;J#FJAAC#FMJ#I@;:<=#F@#BM<OM#FM<C#DJO@DI#:LLA<JCQ#9@D;:AANK#;:=N# DJO@DIC#JS<CF#?@D#J:OM#I@;:<=#:=I#J:OM#O@LN#@?#FMJ#I:F:G:CJ#M@AIC#<=?@D;:F<@=#:G@HF# ;HAF<LAJ#I@;:<=CQ#lM<C#?<JAI#<C#FMHC#FMJ#LD<;:DN#CJ:DOM#PJN#HCJI#F@#C:F<C?N# HJD<JCQ# lMJ#@DIJD#@?#FMJ#DJO@DIC#<=#FMJ#I:F:G:CJ#<C#=@F#C<>=<?<O:=FQ# # lMJ#l<;J F@ A<VJ#?<JAI#><VJC#:=#<=I<O:F<@=#@?#M@B#CF:GAJ#FMJ#DJO@DI#<CQ#g=?@D;:F<@=# FM:F#<C#M<>MAN#CF:GAJ#<C#:CC<>=JI#:#A:D>J#V:AHJK#CHOM#:C# # FMJ#=H;GJD#@?#CJO@=IC#<=# #I:N Q#g=?@D;:F<@=#FM:F#<C#M<>MAN#V@A:F<AJ#<C#:CC<>=JI#:#C;:AA#V:AHJK#CHOM#:C# # # ;<=HFJ Q## # lMJ#FM<DI#?<JAI#@?#JVJDN#DJC@HDOJ#DJO@DI#<C#FMJ#vA:CCQ#R@D#g=FJD=JF#<=?@D;:F<@=K#<F#<C# :AB:NC#g9Q#R@D#=@=eg=FJD=JF#<=?@D;:F<@=K#@FMJD#O@IJC#O:=#GJ#HCJIK#GHF#<=#LD:OF<OJK# FMJCJ#:DJ#D:DJAN#CJJ=Q# # lMJ#lNLJ#?<JAI#FJAAC#BM:F#P<=I#@?#DJO@DI#FM<C#<CQ#lMJ#;@CF#<;L@DF:=F#FNLJC#:DJ#A<CFJI#<=# l:GAJQ# Q2Q2Qb | \b bb \b `}~a} | bz b[\]^_`a\b[\a^`cb
WXWXWZ |{\b \` \`]b
#
g=#FMJ@DN#:F#AJ:CFK#:#C<=>AJ#=:;J#CJDVJD#O@HAI#O@=F:<=#FMJ#J=F<DJ#j9k#I:F:G:CJ#:=I# DJCL@=I#F@#:AA# HJD<JC#:G@HF#<FQ#g=#LD:OF<OJK#FM<C#CJDVJD#B@HAI#GJ#C@#@VJDA@:IJI#:C#F@#GJ# HCJAJCCQ#RHDFMJD;@DJK#<?#<F#JVJD#BJ=F#I@B=K#FMJ#J=F<DJ#g=FJD=JF#B@HAI#GJ#OD<LLAJIQ# # l@#:V@<I#FMJ#LD@GAJ;C#:CC@O<:FJI#B<FM#M:V<=>#@=AN#:#C<=>AJ#C@HDOJ#@?#<=?@D;:F<@=K#FMJ# j9k#=:;J#CL:OJ#<C#I<V<IJI#<=F@#=@=e@VJDA:LL<=># ^~\]Q# =J#L@CC<GAJ#B:N#F@#I<V<IJ# 12#
0!
345$6785$9:7;5$<9$94=>6$<6$?<@AB5$3C$$D7;4$E=65$;=637<69$9=85$:7B3$=?$345$3B55$76F$ 7G9=$;=637<69$6785$95BH5B9$4=GF<6@$345$<6?=B873<=6$7I=A3$3473$E=65C$$ $ J=B87GGKL$7$E=65$><GG$47H5$=65$:B<87BK$6785$95BH5BL$>4<;4$@539$<39$<6?=B873<=6$?B=8$ 7$?<G5$=6$<39$F<9ML$76F$=65$=B$8=B5$95;=6F7BK$6785$95BH5B9L$>4<;4$@53$345<B$ <6?=B873<=6$?B=8$345$:B<87BK$6785$95BH5BC$N=$<8:B=H5$B5G<7I<G<3KL$9=85$95BH5B9$?=B$7$ E=65$;76$I5$G=;735F$=A39<F5$345$E=65C$
OPQRSTUVWUUXYSZU[\UZ]TU^_`UaYbTUcdYeTUc][fPaQUZ]TUgPhPcP[aUPaZ[Ui[aTcjU
566789*+8,-./*012.
$
k45B5$345$E=65$I=A6F7B<59$7B5$:G7;5F$><34<6$7$E=65$<9$A:$3=$3473$E=65l9$7F8<6<93B73=BC$ N4<9$F5;<9<=6$<9$87F5$<6$G7B@5$:7B3$I795F$=6$4=>$876K$6785$95BH5B9$7B5$F59<B5FL$76F$ >45B5C$$
mUUUUUn]TeoUp[RSUXS[QSTccUqU
rCs t5G5;3$345$B<@43$;4=<;5C$ 7us k4<;4$v7K5B$<9$6=3$:B59563$<6$Nwxyzx$8=F5G{$$ |}u$$}::G<;73<=6$v7K5B$|~u$z635B653$v7K5B$$$ $ $ $ |wu$$NB769:=B3$v7K5B$$$$$$| u$xB5956373<=6$v7K5B$$ $ $ Ius v53$8=93$95@8563$=?$7$6785$<66$ Jt$B5:B595639$$ |}u$$z6F<H<FA7G$J53>=BMC$$|~u$$z6F<H<FA7G$;=8:A35BC$$ |wu$$ =87<6$6785$$$$$$$$$$$$| u$J53>=BM$3K:5C$$ $ $ ;us }FFB599$r C2C C3$I5G=6@9$3=$$ |}u$$wG799$}C$$|~u$$wG799$~C$$ |wu$$wG799$wC$$| u$$wG799$ C$$ $ $ Cs <9;A99UZ45$ Jt$J785$t:7;5{$ $ $ 3Cs kB<35$7$6=35$=6$J785$t5BH5B{$ !
23$
456789*+,-9./01896, ./2,311456.658/, 7.859,
99999999999999999999999999999999# 99999999999999999999999999999999#
:;<= >?@AB?CDAEFGCHB?DG?BIC
JKLMKN#OKPQRNS#T#USKP#NV#WVMMKWN#NV#TM#TWWVUMN#VM#T#PKQVNK#QTWXRMKY#Z#WLRKMN#OPV[PTQ# PUMMRM[#VM#NXK#USKP\S#QTWXRMK#WVQQUMRWTNKS#USRM[#NXK#JKLMKN#OPVNVWVL#]RNX#T#SKP^KP# OPV[PTQ#PUMMRM[#VM#NXK#PKQVNK#QTWXRMKY#
:;<;_=B`aCBabcadCeffbghidgjcC
JXK#USKP#kSTl#mT^Rn#XTS#TM#TWWVUMN#VM#oVNX#NXK#LVWTL#TMp#PKQVNK#QTWXRMKSY# qVP#KrTQOLKs#tmT^Ru#VM#vTPwTSYQWQTSNKPYWT#NlOKS#NKLMKN#VONLToYWTSYQWQTSNKPYWT#TN#XRS# USKP#OPVQONY#xKPKs#vTPwTSYQWQTSNKPYWT#RS#NXK#WLRKMN#TMp#VONLToYWTSYQWQTSNKPYWT#RS#NXK# SKP^KPY#JXK#JKLMKN#WLRKMN#]VULp#OKPvVPQ#T#QKNXVNPKrTNKkn#WTLL#NV#pKNKPQRMK#NXK#yz# TppPKSS#Vv#VONLToYWTSYQWQTSNKPYWTY#JXKM#NXK#WLRKMN#]VULp#WPKTNK#T#SVWwKN#NV# WVQQUMRWTNK#]RNX#NXK#JKLMKN#SKP^KPY#JXK#SKP^KP#OPVQONS#tmT^Ru#vVP#T#LV[RM#RpKMNRvRKP#{# NXK#MTQK#Vv#NXK#USKP\S#TWWVUMN#VM#NXK#PKQVNK#SKP^KP#vVLLV]Kp#ol#T#OTSS]VPpY#JXK# JKLMKN#USKPS#RMNKPTWN#]RNX#NXK#PKQVNK#QTWXRMK#RM#NXK#STQK#]Tl#NXKl#]VULp#RMNKPTWN# ]RNX#NXKRP#LVWTL#QTWXRMKY#JXK#WLRKMN#PKLTlS#mT^R\S#wKlSNPVwKS#NV#NXK#PKQVNK#SKP^KPs#TMp# NXK#PKQVNK#SKP^KP#pRSOLTlS#NXKQ#VM#RNS#OSKUpV#NKPQRMTL#k]XRWX#RS#TWNUTLLl#NXK#pRSOLTl# SWPKKM#VM#NXK#WLRKMN#QTWXRMKnY#
:;<;|=B`aCBabcadC}~jdjhjbC
JXK#JKLMKN#WLRKMN#OPV[PTQ#OKPvVPQS#N]V#RQOVPNTMN#vUMWNRVMS#{#gcda~ihdgc #]RNX#NXK# USKP#NKPQRMTL#VM#NXK#LVWTL#XVSN#TMp#a h`ic gc C a i a #]RNX#NXK#JKLMKN#SKP^KPY#JXK# WLRKMN#WVMMKWNS#NV#OVPN# #VM#NXK#PKQVNK#QTWXRMKs#]XRWX#RS#NXK#OVPN#MUQoKP#PKSKP^Kp# vVP#JKLMKN#SKP^KPSY#JXK#J z#WVMMKWNRVM#OKPSRSNS#vVP#NXK#pUPTNRVM#Vv#NXK#LV[RM#SKSSRVMY# JXK#WLRKMN#TMp#NXK#SKP^KP#QTRMNTRM#NXK#WVMMKWNRVMs#K^KM#]XKM#NXK#USKP#RMNKPPUONS#NXK# NPTMSvKP#Vv#pTNTs#vVP#KrTQOLK#ol#XRNNRM[# Y# RMWK#JKLMKN#RS#pKSR[MKp#NV#]VPw#V^KP# N]V#XVSNS#VM#pRvvKPKMN#OLTNvVPQSs#NXK#OPVNVWVL#TSSUQKS#NXTN#NXK#N]V#XVSNS#PUM#T# KN]VPw# RPNUTL#JKPQRMTL#k JnYJXK#J z#WVMMKWNRVM#RS#SKN#UO#TWPVSS#NXKSK#N]V# J#NKPQRMTLSY#JXK# J#RS#T#^KPl#SRQOLK#WXTPTWNKP#pK^RWK#]RNX#T#wKloVTPp#TMp#T# OPRMNKP#{#pTNT#NlOKp#ol#NXK#USKP#VM#NXK#wKloVTPp#RS#NPTMSLTNKp#ol#NXK#WLRKMN#SVvN]TPK# RMNV# J#vVPQTN#TMp#SKMN#^RT#RNS# J#NKPQRMTL#NV#NXK#SKP^KPs#TMp#pTNT#PKWKR^Kp#RM# J#vVPQTN#vPVQ#NXK#SKP^KP#RS#NPTMSLTNKp#ol#NXK#WLRKMN#RMNV#NXK#LVWTL#QTWXRMK#vVPQTN# TMp#VUNOUN#NV#NXK#OPRMNKPY# # JXK# J#NKPQRMTLS#VM#NXK#N]V#XVSNS#KrWXTM[K#pTNT#RM#NXK# {oRN# Y Y#^TPRTMN#Vv#NXK# Z yy#vVPQTNs#]RNX#KTWX#WXTPTWNKP#SKMN#TS#TM#VWNKN#]RNX#NXK#vRPSN#oRN#SKN#NV { { Y# VQK#WVMNPVL#RMvVPQTNRVMs#SUWX#TS#KMp{Vv{LRMK#RMpRWTNRVMs#RS#NPTMSQRNNKp#TS#NXK# WXTPTWNKP#SK UKMWK# m#kWTPPRT[K#PKNUPMn#vVLLV]Kp#ol#TM# q#kLRMKvKKpnY# TWX#JKLMKN# WVMNPVL#QKSST[K#SNTPNS#]RNX#NXK#SOKWRTL#VWNKN#kyMNKPOPKN#TS# VQQTMp#kyZ nn#VWNKN#Vv#TLL# Sn#NV#KMSUPK#NXTN#NXK#PKWRORKMN#RMNKPOPKNS#NXK#SUoSK UKMN#VWNKNS#TS#T#WVQQTMpY# NXKP]RSKs#KTWX#VWNKN#RS#RMNKPOPKNKp#TS#pTNT#kKY[Ys#T#USKP#wKlSNPVwKnY# KMpRM[#WVMNPVL# QKSST[KS#VM#NXK#STQK#WVMMKWNRVM#TS#NXK#pTNT#RS#PKvKPPKp#NV#TS# Y#JXK# RMRNRTL#WVMNPVL#QKSST[KS#oKN]KKM#NXK#WLRKMN#TMp#NXK#SKP^KP#TPK#USKp#NV#KrWXTM[K# RMvVPQTNRVM#ToVUN#NXKRP#WTOToRLRNRKS#kJKLMKN#VONRVM#MK[VNRTNRVMnY#qVP#KrTQOLKs#NXK# WLRKMN#QTl#RMpRWTNK#NXK#NlOK#TMp#SOKKp#Vv#RNS#NKPQRMTLs#TMp#]XKNXKP#pTNT#RS#NV#oK#SKMN# VMK#WXTPTWNKP#VP#VMK#LRMK#TN#T#NRQKY#ZvNKP#NXK#WTOToRLRNRKS#KrWXTM[Ks#NXK#SKP^KP#RMSNPUWNS# NXK#WLRKMN#NV#SKMp#T#LV[RM#RpKMNRvRKP#TMp#OTSS]VPpY# MWK#NXK#TUNXKMNRWTNRVM#WVQOLKNKSs# NXK#USKP#RMNKPTWNS#pRPKWNLl#]RNX#NXK#PKQVNK#QTWXRMKY#JXK#WLRKMN#TOOLRWTNRVM#PKLTlS#USKP# wKlSNPVwKS#NV#NXK#SKP^KPs#TMp#NXK#SKP^KP#PKLTlS#NXK#VUNOUN#oTWw#NV#NXK#WLRKMNs#USRM[# RMoTMp#SR[MTLRM[s#]RNX#NXK#RMNKPOPKNTNRVM#NXTN#WVQQTMpS#vVLLV]#NXK#yZ #VWNKN#Vv#TLL# VMKSY#JKLMKN#WTMMVN#PKLl#VM#NXK#WVM^KMNRVMTL#pTNT#SNPKTQ#TLVMK#NV#WTPPl#SUWX#WVMNPVL# SK UKMWKS#oKN]KKM#WLRKMN#TMp#SKP^KPY## 12#
0!
2345 6789:;<=>?69<:@<A;AB=8:C6;@D:
4556789*7+,-.9/01-
EFG#HIIJKL#H#MLNO#PJ#QJRS#TUINL#PJ#HVW#TOJX#H#ONXJPN#XHQYUVNZ#FYN#QIUNVP#ROJ[OHX# HILJ#LNVWL#QJXXHVWL#PJ#PYN#LNO\NO#ROJ[OHX#PJ#QJJOWUVHPN#PYN#QJRSUV[#JT#TUINL#]NPKNNV# PYN#PKJ#XHQYUVNL#JV#]NYHIT#JT#PYN#MLNOZ#
2343^5;_`:6;@:=aabcdefcgh:
FYN#EFG#QIUNVP#QJVVNQPL#PJ#PYN#ONXJPN#XHQYUVN#KYUQY#ROJXRPL#PYN#MLNO#PJ#NVPNO#H# IJ[UV#UWNVPUTUNO#HVW#H#RHLLKJOWZ#iJKN\NOj#LJXN#MLNOL#XHS#VJP#YH\N#PYNUO#JKV# HQQJMVPL#JV#PYN#ONXJPN#XHQYUVNZ#FJ#[OHVP#HQQNLL#PJ#H#]OJHW#LNP#JT#MLNOLj#XHVS#EFG# LNO\NOL#YH\N#H#LRNQUHI#HQQJMVP#kNZ[Z#lmnmopnqrs#PYHP#WJNL#VJP#ONtMUON#RHLLKJOW# UVTJOXHPUJVZ#uVLPNHWj#PYN#MLNO#IJ[L#UV#MLUV[#vqwrxyJO#YUL#NXHUI#HWWONLL#HL#RHLLKJOWZ# FYN#EFG#LNO\NO#QJJOWUVHPNL#HQQNLL#PJ#H#QJIINQPUJV#JT#TUINL#UV#\HOUJML#WUONQPJOUNLZ#uV# QHLN#JT#HVJVSXJML#EFGj#PYN#LNO\NO#PSRUQHIIS#YHL#H#LRNQUHI#WUONQPJOSj#KUPY#JVN#JO#XJON# LM]WUONQPJOUNLj#PYHP#QHV#]N#HQQNLLNW#]S#PYN#QIUNVPZ#FYN#MLNO#IJ[[NW#UVPJ#PYN#EFG#LNO\NO# QHV#POH\NOLN#PYOJM[Y#PYN#WUONQPJOUNL#JT#TUINL#JV#PYN#ONXJPN#XHQYUVNj#HVW#LNVW#JO# ONQNU\N#TUINLZ#FYUL#UL#PSRUQHIIS#WJVN#\UH#PYN#QJXXHVWzIUVN#UVPNOTHQNZ#FYN#UVPNOTHQN#XHS# HILJ#HIIJK#PYN#QIUNVP#PJ#LNVW#JO#ONQNU\N#XMIPURIN#TUINL#KUPY#H#LUV[IN#QJXXHVWZ#{NQNVP# EFG#QIUNVP#HRRIUQHPUJVL#ROJ\UWN#H#XNVMz]HLNW#[OHRYUQHI#MLNO#UVPNOTHQNZ#EJO#UVLPHVQNj#H# |N]#]OJKLNO#HIIJKL#MLNOL#PJ#LRNQUTS#PYN#WNLUONW#TUIN#HL#HV#}{~# kNZ[ZjTPR TPRZJRPIH]ZQHLZXQXHLPNOZQH XUWPNOXZRWTsZ#uV#PYUL#QHLNj#PYN#KN]#]OJKLNO# QJVVNQPL#PJ#PYN#EFG#LNO\NO#HL#HV#HVJVSXJML#MLNO#HVW#LNVWL#H#LNtMNVQN#JT#EFG# QJXXHVWL#PJ#TNPQY#PYN#ONtMNLPNW#TUINZ#
2343 5;_`:6;@:a gfgdgb:
EFG#WUTTNOL#TOJX#JPYNO#HRRIUQHPUJVL#LMQY#HL#FNIVNP#LUVQN#UP#MLNL#LNRHOHPN#F G# QJVVNQPUJVL#TJO#QJVPOJI#HVW#WHPHZ#{NQHII#PYHP#UV#FNIVNP#]JPY#QJVPOJI#UVTJOXHPUJV#HVW# WHPH#HON#LNVP#J\NO#PYN#LHXN#F G#QJVVNQPUJV#MLUV[#UVz]HVW#LU[VHIUV[Z#FYN#PKJ#F G# QJVVNQPUJVL#UV#EFG#HON # Z ;_`:dghf gb:dghh`dfcgh#UL#NLPH]IULYNW#UV#PYN#VJOXHI#QIUNVPzLNO\NO#THLYUJVZ#uV# PYUL#QHLNj#PYN#LNO\NO#WJNL#H# lrr wyn wmykUL#IULPNVUV[s#JV#RJOP# #TJO#EFGj#HVW# KHUPL#TJO#PYN#QIUNVP#QJVVNQPUJVZ#FYN#QIUNVP#WJNL#HV#l x wyn wmykPYN VW# YHVWLYH N#UV#H#F G#QJVVNQPUJVs#PJ#NLPH]IULY#PYN#QJVPOJI#QJVVNQPUJVZ#FYN#QIUNVP# MLNL#HV#NRYNXNOHI#RJOP#VMX]NO#kH]J\N# s#TJO#PYN#QJVPOJI#QJVVNQPUJVZ#FYUL# QJVPOJI#QJVVNQPUJV#LPHSL#MR#TJO#PYN#NVPUON#PUXN#PYHP#PYN#QIUNVP#QJXXMVUQHPNL#KUPY# PYUL#LNO\NOZ#FYUL#QJVVNQPUJV#UL#MLNW#TJO#QJXXHVWL#TOJX#PYN#QIUNVP#PJ#PYN#LNO\NO# HVW#TJO#PYN#LNO\NO L#ONRIUNLZ#FYN#uG#PSRN#JT#LNO\UQN#TJO#PYN#QJVPOJI#QJVVNQPUJV# LYJMIW#]N#PJ#XUVUXU N#WNIHS#UV#RHLLUV[#PYNLN#QJXXHVWL#J\NO#PYN#F G# QJVVNQPUJVZ# # Z =: efe:dghh`dfcgh#UL#QONHPNW#NHQY#PUXN#H#TUIN#UL#POHVLTNOONW#]NPKNNV#PYN#QIUNVP# HVW#PYN#LNO\NOZ#FYN#uG#PSRN#JT#LNO\UQN#TJO#PYN#WHPH#QJVVNQPUJV#LYJMIW#]N#PJ# XH UXU N#PYOJM[YRMP#LUVQN#PYUL#QJVVNQPUJV#UL#TUIN#POHVLTNOj#HVW#KN#KHVP#PJ#LNVW# PYUL#NVPUON#TUIN#J\NO#H#YU[Y#]HVWKUWPY#IUVNZ#FYN#LRNQUTUQHPUJV#JT#EFG#UVQIMWNL# XJON#PYHV# #WUTTNONVP#QJXXHVWLj#KYUQY#HON#POHVLXUPPNW#J\NO#PYN#QJVPOJI# QJVVNQPUJV#UV# F# uu#TJOXHPZ#FYN#QJXXHVWL#HON#VJP#QHLNzLNVLUPU\N#HVW# XHS#YH\N#HO[MXNVPL #NHQY#QJXXHVW#NVWL#KUPY#H#PKJ#QYHOHQPNO#LNtMNVQN#JT#H# QHOOUH[N#ONPMOV#k {s#TJIIJKNW#]S#H#IUVN#TNNW#k~EsZ#uP#XMLP#]N#NXRYHLU NW#YNON# PYHP#PYNLN#QJXXHVWL#HON#WUTTNONVP#TOJX#PYN#QJXXHVWL#PSRNW#]S#PYN#MLNO#HP#PYN# UVPNOTHQN#ROJ\UWNW#]S#PYN#QIUNVPZ#FOHVLTNOOUV[#H#LUV[IN#TUIN#TJO#UVLPHVQN#ONtMUONL# JVIS#H#LUV[IN#MLNOzIN\NI#QJXXHVW#kNZ[Zj# qxyJO#vwxsj#]MP#PYUL#LUV[IN#QJXXHVW# POU[[NOL#PYN#QIUNVP#PJ#LNVW#H#LNP#JT#EFG#QJXXHVWL#PJ#PYN#LNO\NOZ#FYN#EFG#LNO\NO# ONLRJVWL#PJ#NHQY#QJXXHVW#KUPY#H#PYONNzWU[UP#ONRIS#QJWN#kTJO#PYN#EFG#QIUNVPs#HVW# HV#JRPUJVHI#PN P#XNLLH[N#kTJO#PYN#MLNOsZ# !
22#
456789*+,-9./01896, ./2,311456.658/, 7.859,
#
9:;#<=>?@=A#<=>>;<?B=>#C;@DBD?D#=E;@#F#D;GH;><;#=I#J9K#<=LLF>MDN#FD#?:;#<AB;>?# F>M#?:;#D;@E;@#<=>?B>H;#?:;B@#MBFA=OH;P#9:;#?QCB<FA#B>?;@F<?B=>#D?F@?D#RB?:#F# <=LLF>M#?:F?#BM;>?BIB;D#?:;#HD;@#=>#?:;#D;@E;@#LF<:B>;#I=AA=R;M#SQ#F>=?:;@# <=LLF>M#?=#D;>M#?:;#HD;@#CFDDR=@MP#9:;#F@OHL;>?D#I=@#?:;D;#<=LLF>MD#F@;# OA;F>;M#I@=L#?:;#HD;@TD#B>CH?#U:BD#F<<=H>?#>FL;#F>M#CFDDR=@MVP#9:;#D;@E;@#HD;D# ?:BD#B>I=@LF?B=>#?=#E;@BIQ#R:;?:;@#?:;#HD;@#:FD#F>#FH?:=@BW;M#F<<=H>?#=>#?:;# @;L=?;#LF<:B>;N#F>M#B>#?:;#<FD;#=I#F>=>QL=HD#J9K#M;<BM;D#=>#?:;#D;?#=IXYZ[XZ \MB@;<?=@B;D#?=#R:B<:#?:;#F>=>QL=HD#OH;D?#:FD#F<<;DDP#9:;#>;]?#D;?#=I# <=LLF>MD#M;C;>MD#=>#?:;#HD;@#@;GH;D?#?=#D;>MN#@;<;BE;N#=@#EB;R#?:;#IBA;D#B>#F# C@;D;>?#MB@;<?=@QP# # 9:;#F<?HFA#IBA;#UMF?FV#?@F>DI;@#HD;D#F#D;CF@F?;#9^K#<=>>;<?B=>#;D?FSABD:;M#SQ#?:;# :=D?#D;>MB>O#?:;#MF?FP#J=@#B>D?F><;N#BI#?:;#HD;@#RF>?D#?=#@;?@B;E;#?:;#IBA;# _`abcd_efaghI@=L#?:;#@;L=?;#D;@E;@N#?:;#D;@E;@#B>B?BF?;D#?:;#<@;F?B=>#=I#?:;#9^K# MF?F#<=>>;<?B=>P#i>#<FD;N#?:;#HD;@#RF>?D#?=#CH?#F#IBA;#B>?=#?:;#@;L=?;#LF<:B>;N#B?# BD#?:;#<AB;>?#R:=#B>B?BF?;D#?:;#<@;F?B=>#=I#?:;#9^K#<=>>;<?B=>P#9:;#MF?F# <=>>;<?B=>#BD#HDHFAAQ#;D?FSABD:;M#=>#C=@?#[j#=>#?:;#D;@E;@#LF<:B>;P#i>#?:;# I=@L;@#<FD;#UR:;>#?:;#IBA;#BD#?=#S;#@;?@B;E;M#I@=L#?:;#D;@E;@VN#?:;#D;@E;@#M=;D#>=?# k>=R#?:;#M;D?B>F?B=>#C=@?#I=@#?:;#J9K#<AB;>?P#l=#S;I=@;#D;>MB>O#?:;#<=LLF>M#?=# @;?@B;E;#?:;#IBA;N#?:;#<AB;>?#B>D?@H<?D#B?D#=C;@F?B>O#DQD?;L#?=#FAA=<F?;#F#C=@?# >HLS;@#UFS=E;#Xj[\V#I=@#DH<:#F#?@F>DF<?B=>P#9:BD#B>I=@LF?B=>#BD#OBE;>#?=#?:;# D;@E;@#EBF#?:;#<=>?@=A#<=>>;<?B=>P#9:;#MF?F#<=>>;<?B=>#BD#<@;F?;M#UHDB>O#?:;# HDHFA#9^K#\#RFQ#:F>MD:Fk;VN#F>M#?:;#D;@E;@#R@B?;D#?:;#<=>?;>?D#=I#?:;#IBA;N#F>M# <A=D;D#?:;#<=>>;<?B=>P#9:;#<AB;>?#@;FMD#?:;#SQ?;D#I@=L#B?D#D=<k;?#HC?=#?:;#;>M#=I# IBA;#UmnJV#<:F@F<?;@P#oAD=N#H>ABk;#9;A>;?N#J9K#M=;D#>=?#@;GHB@;#?:;#MF?F#?@F>DI;@# ?=#p#SB?#ol^ii#<:F@F<?;@D#Uqr9#I=@LF?Vs#B?#F<?HFAAQ#C;@LB?D#F#RBM;#@F>O;#=I#MF?F# ?QC;D#B><AHMB>O#SB>F@Q#IBA;DP#9:;#<AB;>?#@;GH;D?D#?:;#I=@L#=I#MF?F#?@F>DI;@#HDB>O# ?:;#<=>?@=A#<=>>;<?B=>P#i>#C@F<?B<;N#;F<:#MF?F#?@F>DI;@#@;GHB@;D#F#D;CF@F?;#9^K# <=>>;<?B=>P#i>#<=>?@FD?N#?:;#<=>?@=A#<=>>;<?B=>#<F>#C;@DBD?#F<@=DD#LHA?BCA;#MF?F# ?@F>DI;@DP##
tuvw xyz{|}~ x y yxz
;#<F>#M;IB>;# FD#L=>B?=@B>ON#?;D?B>ON#<=>IBOH@B>ON#F>M# ?@=HSA;D:==?B>O#>;?R=@k#<=LC=>;>?D#?=#L;;?#F#D;?#=I#@;GHB@;L;>?D#M;IB>;M#SQ#F># =@OF>BWF?B=>P#9:;D;#@;GHB@;L;>?D#B><AHM;#?:;#DL==?:N#;IIB<B;>?#=C;@F?B=>#=I#?:;# >;?R=@k#?:F?#C@=EBM;D#?:;#C@;M;IB>;M#GHFAB?Q#=I#D;@EB<;#I=@#HD;@DP#9=#F<<=LCABD:#?:BD# ?FDkN#F#>;?R=@k#LF>FO;L;>?#DQD?;L#HD;D#:F@MRF@;N#D=I?RF@;N#F>M#:HLF>DP#i>#?:BD# <:FC?;@N#IB@D?#R;#S@B;IAQ#MBD<HDD#?:;#IH><?B=>D#=I#F#>;?R=@k#LF>FO;L;>?#DQD?;LP#9:;># R;#<=><;>?@F?;#=>#?:;#L=D?#<=LL=>#LF>FO;L;>?#DQD?;LN#?:;#lBLCA;#q;?R=@k# F>FO;L;>?#K@=?=<=A#Ulq KVP# # ;#<F>#DFQ#?:F?#?:;#IH><?B=>D#C;@I=@L;M#SQ#F#>;?R=@k#LF>FO;L;>?#DQD?;L#<F>#S;# MBEBM;M#B>?=# #<=>IBOH@F?B=>#LF>FO;L;>?N#IFHA?#LF>FO;L;>?N# C;@I=@LF><;#LF>FO;L;>?N#D;<H@B?Q#LF>FO;L;>?N#F>M#F<<=H>?B>O#LF>FO;L;>?P#
tuvu w
o#AF@O;#>;?R=@k#BD#HDHFAAQ#LFM;#HC#=I#:H>M@;MD#=I#;>?B?B;D#?:F?#F@;#C:QDB<FAAQ#=@# A=OB<FAAQ#<=>>;<?;M#?=#=>;#F>=?:;@P#9:;D;#;>?B?B;D#:FE;#F>#B>B?BFA#<=>IBOH@F?B=>#R:;># ?:;#>;?R=@k#BD#D;?#HCN#SH?#<F>#<:F>O;#RB?:#?BL;P# ;Dk?=C#<=LCH?;@D#LFQ#S;#@;CAF<;M# SQ#=?:;@Ds#FCCAB<F?B=>#D=I?RF@;#LFQ#S;#HCMF?;M#?=#F#>;R;@#E;@DB=>s#F>M#HD;@D#LFQ# L=E;#I@=L#=>;#O@=HC#?=#F>=?:;@P#9:;# DQD?;L#LHD?# k>=RN#F?#F>Q#?BL;N#?:;#D?F?HD#=I#;F<:#;>?B?Q#F>M#B?D#@;AF?B=>#?=#=?:;@#;>?B?B;DP# ^=>IBOH@F?B=>#LF>FO;L;>?#<F>#S;#MBEBM;M#B>?=#?R=#DHSDQD?;LD #@;<=>IBOH@F?B=>#F>M# M=<HL;>?F?B=>P# 12#
0!
34546789:;<=>?@ABC>;<D
EFGHIJKLMNOPKHIQ$RSKGS$TFOIU$OVWMUPKIL$PSF$IFPRHNX$GHTYHIFIPU$OIV$JFOPMNFUQ$GOI$ZF$ O$VOK[\$HGGMNNFIGF$KI$O$[ONLF$IFPRHNX]$^SFNF$ONF$PSNFF$P\YFU$HJ$NFGHIJKLMNOPKHI_$ SONVRONF$NFGHIJKLMNOPKHIQ$UHJPRONF$NFGHIJKLMNOPKHIQ$OIV$MUFN`OGGHMIP$NFGHIJKLMNOPKHI]$ aONVRONF$NFGHIJKLMNOPKHI$GHbFNU$O[[$GSOILFU$PH$PSF$SONVRONF]$cHN$FdOTY[FQ$O$VFUXPHY$ GHTYMPFN$TO\$IFFV$PH$ZF$NFY[OGFV]$e$NHMPFN$TO\$IFFV$PH$ZF$THbFV$PH$OIHPSFN$YONP$HJ$ PSF$IFPRHNX]$e$UMZ$IFPRHNX$TO\$ZF$OVVFV$HN$NFTHbFV$JNHT$PSF$IFPRHNX]$e[[$PSFUF$ IFFV$PSF$PKTF$OIV$OPPFIPKHI$HJ$IFPRHNX$TOIOLFTFIP]$fI$O$[ONLF$IFPRHNXQ$PSFNF$TMUP$ZF$ UYFGKO[KgFV$YFNUHIIF[$PNOKIFV$JHN$hMKGX$OIV$FJJKGKFIP$SONVRONF$NFGHIJKLMNOPKHI]$ iIJHNPMIOPF[\Q$PSKU$P\YF$HJ$NFGHIJKLMNOPKHI$GOIIHP$ZF$OMPHTOPFV$OIV$TMUP$ZF$TOIMO[[\$ SOIV[FV$GOUF$Z\$GOUF]$ $ jHJPRONF$NFGHIJKLMNOPKHI$GHbFNU$O[[$GSOILFU$PH$PSF$UHJPRONF]$cHN$FdOTY[FQ$IFR$ UHJPRONF$TO\$IFFV$PH$ZF$KIUPO[[FV$HI$UFNbFNU$HN$G[KFIPU]$eI$HYFNOPKIL$U\UPFT$TO\$IFFV$ MYVOPKIL]$cHNPMIOPF[\Q$THUP$UHJPRONF$NFGHIJKLMNOPKHI$GOI$ZF$OMPHTOPFV]$cHN$FdOTY[FQ$ MYVOPKIL$OI$OYY[KGOPKHI$HI$UHTF$HN$O[[$G[KFIPU$GOI$ZF$F[FGPNHIKGO[[\$VHRI[HOVFV$JNHT$ PSF$UFNbFN]$ $ iUFN`OGGHMIP$NFGHIJKLMNOPKHI$KU$IHP$UKTY[\$OVVKIL$HN$VF[FPKIL$MUFNU$HI$O$U\UPFT]$kHM$ TMUP$O[UH$GHIUKVFN$PSF$MUFN$YNKbK[FLFUQ$ZHPS$OU$OI$KIVKbKVMO[$OIV$OU$O$TFTZFN$HJ$O$ LNHMY]$cHN$FdOTY[FQ$O$MUFN$TO\$SObF$NFOV$OIV$RNKPF$YFNTKUUKHI$RKPS$NFLONV$PH$UHTF$ JK[FUQ$ZMP$HI[\$NFOV$YFNTKUUKHI$RKPS$NFLONV$PH$HPSFN$JK[FU]$iUFN`OGGHMIP$NFGHIJKLMNOPKHI$ GOI$ZFQ$PH$UHTF$FdPFIPQ$OMPHTOPFV]$cHN$FdOTY[FQ$KI$O$GH[[FLF$HN$MIKbFNUKP\Q$OP$PSF$ ZFLKIIKIL$HJ$FOGS$hMONPFN$HN$UFTFUPFNQ$IFR$UPMVFIPU$ONF$OVVFV$PH$PSF$U\UPFT]$^SF$ UPMVFIPU$ONF$IHNTO[[\$LNHMYFV$OGGHNVKIL$PH$PSF$GHMNUFU$PSF\$POXF$HN$PSF$TOWHNU$PSF\$ YMNUMF]$
566789*+8,-./*012.
345437l;:@m9<CBC>;<D
^SF$HNKLKIO[$IFPRHNX$GHIJKLMNOPKHI$OIV$FOGS$UMZUFhMFIP$GSOILF$TMUP$ZF$NFGHNVFV$ TFPKGM[HMU[\]$^SKU$TFOIU$PSOP$PSFNF$TMUP$ZF$VHGMTFIPOPKHI$JHN$SONVRONFQ$UHJPRONFQ$ OIV$MUFN$OGGHMIPU]$nBAopBA9Do;:@m9<CBC>;<DIHNTO[[\$KIbH[bFU$PRH$UFPU$HJ$ VHGMTFIPU_$TOYU$OIV$UYFGKJKGOPKHIU]$qOYU$PNOGX$FOGS$YKFGF$HJ$SONVRONF$OIV$KPU$ GHIIFGPKHI$PH$PSF$IFPRHNX]$^SFNF$GOI$ZF$HIF$LFIFNO[$TOY$PSOP$USHRU$PSF$[HLKGO[$ NF[OPKHIUSKY$ZFPRFFI$FOGS$UMZ`IFPRHNX]$^SFNF$GOI$O[UH$ZF$O$UFGHIV$LFIFNO[$TOY$PSOP$ USHRU$PSF$YS\UKGO[$[HGOPKHI$HJ$FOGS$UMZ`IFPRHNX]$cHN$FOGS$UMZ$IFPRHNXQ$PSFIQ$PSFNF$ ONF$HIF$HN$THNF$TOYU$PSOP$USHR$O[[$YKFGFU$HJ$FhMKYTFIP]$^SF$TOYU$MUF$UHTF$XKIV$HJ$ UPOIVONVKgOPKHI$PH$ZF$FOUK[\$NFOV$OIV$MIVFNUPHHV$Z\$GMNNFIP$OIV$JMPMNF$YFNUHIIF[]$rOGS$ YKFGF$HJ$SONVRONF$O[UH$IFFVU$PH$ZF$VHGMTFIPFV]$^SFNF$TMUP$ZF$O$UFP$HJ$UYFGKJKGOPKHIU$ JHN$FOGS$YKFGF$HJ$SONVRONF$GHIIFGPFV$PH$PSF$IFPRHNX]$^SFUF$UYFGKJKGOPKHIU$TMUP$ KIG[MVF$KIJHNTOPKHI$UMGS$OU$SONVRONF$P\YFQ$UFNKO[$IMTZFNQ$bFIVHN$sOVVNFUU$OIV$YSHIF$ IMTZFNtQ$PKTF$HJ$YMNGSOUFQ$OIV$RONNOIP\$KIJHNTOPKHI]$e[[$UHJPRONF$TMUP$O[UH$ZF$ VHGMTFIPFV]$jHJPRONF$VHGMTFIPOPKHI$KIG[MVFU$KIJHNTOPKHI$UMGS$OU$PSF$UHJPRONF$P\YFQ$ PSF$bFNUKHIQ$PSF$PKTF$KIUPO[[FVQ$OIV$PSF$[KGFIUF$OLNFFTFIP]$qHUP$HYFNOPKIL$U\UPFTU$ SObF$O$MPK[KP\$PSOP$O[[HRU$PSF$VHGMTFIPOPKHI$HJ$MUFN$OGGHMIPU$OIV$PSFKN$YNKbK[FLFU]$^SF$ TOIOLFTFIP$TMUP$TOXF$UMNF$PSOP$PSF$JK[FU$RKPS$PSKU$KIJHNTOPKHI$ONF$MYVOPFV$OIV$ UFGMNFV]$jHTF$HYFNOPKIL$U\UPFTU$NFGHNV$OGGFUU$YNKbK[FLFU$KI$PRH$VHGMTFIPU$HIF$ USHRU$O[[$JK[FU$OIV$OGGFUU$P\YFU$JHN$FOGS$MUFNu$PSF$HPSFN$USHRU$PSF$[KUP$HJ$MUFNU$PSOP$ SObF$O$YONPKGM[ON$OGGFUU$PH$O$JK[F]$
3454v7wB@xCDyB<B?9m9<CD
zHTY[Fd$IFPRHNXU$PHVO\$ONF$TOVF$MY$HJ$SMIVNFVU$OIV$UHTFPKTFU$PSHMUOIVU$HJ$ GHTYHIFIPU]${NHYFN$HYFNOPKHI$HJ$PSF$IFPRHNX$VFYFIVU$HI$PSF$YNHYFN$HYFNOPKHI$HJ$FOGS$ GHTYHIFIP$KIVKbKVMO[[\$OIV$KI$NF[OPKHI$PH$FOGS$HPSFN]$wB@xCDmB<B?9m9<CDKU$PSF$ONFO$ HJ$IFPRHNX$TOIOLFTFIP$PSOP$SOIV[FU$PSKU$KUUMF]$eI$FJJFGPKbF$JOM[P$TOIOLFTFIP$U\UPFT$ SOU$PRH$UMZU\UPFTU_$NFOGPKbF$JOM[P$TOIOLFTFIP$OIV$YNHOGPKbF$JOM[P$TOIOLFTFIP]$ !
23$
456789*+,-9./01896, ./2,311456.658/, 7.859,
9:;:<=>?@ABCD?EF@GHBEI@J@K?L?JBE
M#NOPQRSTO#UPVWR#XPYPZOXOYR#[\[ROX#S[#NO[]^Y[S_WO#U^N#`OROQRSYZa#S[^WPRSYZa#Q^NNOQRSYZa# PY`#NOQ^N`SYZ#UPVWR[b#cR#dPY`WO[#[d^NReRONX#[^WVRS^Y[#R^#UPVWR[b#fdO#USN[R#[RO]#RPgOY#_\#P# NOPQRSTO#UPVWR#XPYPZOXOYR#[\[ROX#S[#R^#`OROQR#RdO#OhPQR#W^QPRS^Y#^U#RdO#UPVWRb#M#UPVWR#S[# `OUSYO`#P[#PY#P_Y^NXPW#Q^Y`SRS^Y#SY#RdO#[\[ROXb#idOY#P#UPVWR#^QQVN[a#OSRdON#RdO# [\[ROX#[R^][#j^NgSYZ#]N^]ONW\#^N#RdO#[\[ROX#QNOPRO[#OhQO[[STO#ONN^N[b#M#Z^^`#OhPX]WO# ^U#P#UPVWR#S[#P#`PXPZO`#Q^XXVYSQPRS^Y#XO`SVXb#fdS[#UPVWR#XP\#SYRONNV]R# Q^XXVYSQPRS^Y#^N#]N^`VQO#OhQO[[STO#ONN^N[b# # fdO#YOhR#[RO]#RPgOY#_\#P#NOPQRSTO#UPVWR#XPYPZOXOYR#[\[ROX#S[#R^#S[^WPRO#RdO#UPVWRb#M# UPVWRa#SU#S[^WPRO`a#V[VPWW\#PUUOQR[#^YW\#P#UOj#V[ON[b#MURON#S[^WPRS^Ya#RdO#PUUOQRO`#V[ON[# PNO#SXXO`SPROW\#Y^RSUSO`#PY`#ZSTOY#PY#O[RSXPRO`#RSXO#^U#Q^NNOQRS^Yb#fdO#RdSN`#[RO]#S[# R^#Q^NNOQR#RdO#UPVWRb#fdS[#XP\#SYT^WTO#NO]WPQSYZ#^N#NO]PSNSYZ#RdO#UPVWR\# Q^X]^YOYRk[lbMURON#RdO#UPVWR#S[#Q^NNOQRO`a#SR#XV[R#_O#`^QVXOYRO`b#fdO#NOQ^N`#[d^VW`# [d^j#RdO#OhPQR#W^QPRS^Y#^U#RdO#UPVWRa#RdO#]^[[S_WO#QPV[Oa#RdO#PQRS^Y#^N#PQRS^Y[#RPgOY#R^# Q^NNOQR#RdO#UPVWRa#RdO#Q^[Ra#PY`#RSXO#SR#R^^g#U^N#OPQd#[RO]b#m^QVXOYRPRS^Y#S[#OhRNOXOW\# SX]^NRPYR#U^N#[OTONPW#NOP[^Y[n# op fdO#]N^_WOX#XP\#NOQVNb#m^QVXOYRPRS^Y#QPY#dOW]#RdO#]NO[OYR#^N#UVRVNO# P`XSYS[RNPR^N#^N#ROQdYSQSPY#[^WTO#P#[SXSWPN#]N^_WOXb# op fdO#UNOqVOYQ\#^U#RdO#[PXO#gSY`#^U#UPSWVNO#S[#PY#SY`SQPRS^Y#^U#P#XPr^N#]N^_WOX#SY# RdO#[\[ROXb#cU#P#UPVWR#dP]]OY[#UNOqVOYRW\#SY#^YO#Q^X]^YOYRa#SR#[d^VW`#_O# NO]WPQO`#jSRd#P#[SXSWPN#^YOa#^N#RdO#jd^WO#[\[ROX#[d^VW`#_O#QdPYZO`#R^#PT^S`#RdO# V[O#^U#RdPR#R\]O#^U#Q^X]^YOYRb# op fdO#[RPRS[RSQ#S[#dOW]UVW#R^#PY^RdON#]PNR#^U#YORj^Ng#XPYPZOXOYRa#]ONU^NXPYQO# XPYPZOXOYRb#
9:;:;=stu@ABCD?EF@GHBEI@J@K?L?JBE
vN^PQRSTO#UPVWR#XPYPZOXOYR#RNSO[#R^#]NOTOYR#UPVWR[#UN^X#^QQVNNSYZb#MWRd^VZd#RdS[#S[#Y^R# PWjP\[#]^[[S_WOa#[^XO#R\]O[#^U#UPSWVNO[#QPY#_O#]NO`SQRO`#PY`#]NOTOYRO`b#w^N#OhPX]WOa# SU#P#XPYVUPQRVNON#[]OQSUSO[#P#WSUORSXO#U^N#P#Q^X]^YOYR#^N#P#]PNR#^U#P#Q^X]^YOYRa#SR#S[#P# Z^^`#[RNPROZ\#R^#NO]WPQO#SR#_OU^NO#RdPR#RSXOb#M[#PY^RdON#OhPX]WOa#SU#P#UPVWR#dP]]OY[# UNOqVOYRW\#PR#^YO#]PNRSQVWPN#]^SYR#^U#P#YORj^Nga#SR#S[#jS[O#R^#QPNOUVWW\#NOQ^YUSZVNO#RdO# YORj^Ng#R^#]NOTOYR#RdO#UPVWR#UN^X#dP]]OYSYZ#PZPSYb#
9:;:x=s?tyutL@JA?EI@J@K?L?JBE
s?tyutL@JA?EL@J@K?L?JBzEjdSQd#S[#QW^[OW\#NOWPRO`#R^#UPVWR#XPYPZOXOYRa#RNSO[#R^# X^YSR^N#PY`#Q^YRN^W#RdO#YORj^Ng#R^#OY[VNO#RdPR#SR#S[#NVYYSYZ#P[#OUUSQSOYRW\#P[#]^[[S_WOb# vONU^NXPYQO#XPYPZOXOYR#RNSO[#R^#qVPYRSU\#]ONU^NXPYQO#_\#V[SYZ#[^XO#XOP[VNP_WO# qVPYRSR\#[VQd#P[#QP]PQSR\a#RNPUUSQa#RdN^VZd]VRa#^N#NO[]^Y[O#RSXOb# {@|@ACB}E ~YO#UPQR^N#RdPR#XV[R#_O#X^YSR^NO`#_\#P#]ONU^NXPYQO#XPYPZOXOYR#[\[ROX#S[#RdO# QP]PQSR\#^U#RdO#YORj^Ngb# TON\#YORj^Ng#dP[#P#WSXSRO`#QP]PQSR\a#PY`#RdO#]ONU^NXPYQO# XPYPZOXOYR#[\[ROX#XV[R#OY[VNO#RdPR#SR#S[#Y^R#V[O`#P_^TO#RdS[#QP]PQSR\b#w^N#OhPX]WOa# SU#P# M #S[#`O[SZYO`#U^N# #[RPRS^Y[#PR#PY#PTONPZO#`PRP#NPRO#^U # _][a#SR#jSWW#Y^R# ^]ONPRO#]N^]ONW\#SU# #[RPRS^Y[#PNO#Q^YYOQRO`#R^#RdO#YORj^Ngb#fdO#`PRP#NPRO#jSWW# `OQNOP[O#PY`#_W^QgSYZ#XP\#^QQVNb# E t@yyCAE 12#
0!
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`YVa`_[bcd_[ e;=JB9=;$@7<;$7=$9B4<5EEC$<;5=>4;?$64B<$@I;$@7<;$5$>=;4$4;f>;=@=$5$=;4N78;$@B$@I;$ @7<;$@I;$=;4N78;$7=$O459@;?G$g@I;4$658@B4=$=>8I$5=$85J587@C$59?$@456678$859$566;8@$@I;$ 4;=JB9=;$@7<;G$];46B4<598;$<595O;<;9@$<B97@B4=$@I;$5N;45O;$4;=JB9=;$@7<;$59?$@I;$ J;5KhIB>4$4;=JB9=;$@7<;G$i9C$7984;5=;$79$4;=JB9=;$@7<;$7=$5$N;4C$=;47B>=$8B9?7@7B9$5=$ 7@$7=$59$79?785@7B9$@I5@$@I;$9;@AB4K$7=$AB4K79O$5:BN;$7@=$85J587@CG$
566789*+8,-./*012.
jklkmno_pWUcZq[rsasX_d_aZ[
o_pWUcZq[dsasX_d_aZ[7=$4;=JB9=7:E;$6B4$8B9@4BEE79O$588;==$@B$@I;$9;@AB4K$:5=;?$B9$ @I;$J4;?;679;?$JBE78CG$$
jklktnuppVWaZcaX[rsasX_d_aZ[
i88B>9@79O$<595O;<;9@$7=$@I;$8B9@4BE$B6$>=;4=v$588;==$@B$9;@AB4K$4;=B>48;=$@I4B>OI$ 8I54O;=G$w9?;4$588B>9@79O$<595O;<;9@R$79?7N7?>5E$>=;4=R$?;J54@<;9@=R$?7N7=7B9=R$B4$ ;N;9$J4Bx;8@=$54;$8I54O;?$6B4$@I;$=;4N78;=$@I;C$4;8;7N;$64B<$@I;$9;@AB4KG$yI54O79O$ ?B;=$9B@$9;8;==547EC$<;59$85=I$@459=6;4z$7@$<5C$<;59$?;:7@79O$@I;$?;J54@<;9@=$B4$ ?7N7=7B9=$6B4$:>?O;@79O$J>4JB=;=G$3B?5CR$B4O597{5@7B9=$>=;$59$588B>9@79O$ <595O;<;9@$=C=@;<$6B4$@I;$6BEEBA79O$4;5=B9=D$ |} H@$J4;N;9@=$>=;4=$64B<$<B9BJBE7{79O$E7<7@;?$9;@AB4K$4;=B>48;=G$ |} H@$J4;N;9@=$>=;4=$64B<$>=79O$@I;$=C=@;<$79;66787;9@ECG$ |} ~;@AB4K$<595O;4=$859$?B$=IB4@h$59?$EB9Oh@;4<$JE59979O$:5=;?$B9$@I;$?;<59?$ 6B4$ |} ~;@AB4K$>=;G$
jklk no r [ UVZVpV [
798;$7@$A5=$?;N;EBJ;?$79$ 3 R$@I;$ 7<JE;$~;@AB4K$ 595O;<;9@$]4B@B8BE$I5=$ :;8B<;$@I;$?;$658@B$=@59?54?$6B4$79@;49;@AB4K$<595O;<;9@G$ 798;$7@$7=$5$=7<JE;$ =BE>@7B9R$4;f>7479O$E7@@E;$8B?;$@B$7<JE;<;9@R$N;9?B4=$859$;5=7EC$:>7E?$ ~ ]$5O;9@=$@B$ @I;74$J4B?>8@=G$ ~ ]$7=$;F@;9=7:E;R$5EEBA79O$N;9?B4=$@B$;5=7EC$5??$9;@AB4K$ <595O;<;9@$6>98@7B9=$@B$@I;74$;F7=@79O$J4B?>8@=G$ ~ ]$5E=B$=;J545@;=$@I;$ <595O;<;9@$548I7@;8@>4;$64B<$@I;$548I7@;8@>4;$B6$@I;$I54?A54;$?;N78;=R$AI78I$ :4B5?;9=$@I;$:5=;$B6$<>E@7N;9?B4$=>JJB4@G$];4I5J=$<B=@$7<JB4@59@R$>9E7K;$B@I;4$=Bh 85EE;?$=@59?54?=R$ ~ ]$7=$9B@$5$<;4;$J5J;4$=J;876785@7B9R$:>@$59$7<JE;<;9@5@7B9$@I5@$ 7=$A7?;EC$5N57E5:E;$@B?5CG$3B$K9BA$<B4;$5:B>@$ ~ ]$CB>$<5C$4;6;4$@B$676@I$=;<;=@;4$ 8B>4=;$ y h 2 $~;@AB4K$J4BO45<<79O$59?$i?<797=@45@7B9G$ $ ~ ]$7=$:5=;?$B9$@I;$<595O;4 5O;9@$<B?;E$8B9=7=@79O$B6$5$<595O;4R$59$5O;9@R$5$ ?5@5:5=;$B6$<595O;<;9@$796B4<5@7B9R$<595O;?$B:x;8@=$59?$@I;$9;@AB4K$J4B@B8BEG$3I;$ <595O;4$J4BN7?;=$@I;$79@;4658;$:;@A;;9$@I;$I><59$9;@AB4K$<595O;4$59?$@I;$ <595O;<;9@$=C=@;<G$3I;$5O;9@$J4BN7?;=$@I;$79@;4658;$:;@A;;9$@I;$<595O;4$59?$@I;$ JIC=785E$?;N78;L=M$:;79O$<595O;?$L=;;$@I;$7EE>=@45@7B9$5:BN;MG$$ !
23$
456789*+,-9./01896, ./2,311456.658/, 7.859,
3,68156.4,.9:;<=>?>@AAB= CD EFGHIFIJKL#MNHH#OPQR#GSTKTUTHV## CD OKTSIL#WJX#SIKSYIZIL#FWJW[IFIJK#XWKW#WL#XIMYJIX#\]#K^I#QWJW[IFIJK#EJMTSFWKYTJ# _WLIV## CD `WJ#WL]JU^STJTNLH]#LY[JWH#WJ#IZIJK#KT#K^I#FWJW[IS## CD `WJ#\I#W#GSTa]#MTS#LTFI#JTJbOPQR#FWJW[IW\HI#JIKcTSd#JTXIV## e=<Bfgh@A=i@;@9:j=>?>@AAB= CD EFGHIFIJKIX#WL#W#PIKcTSd#QWJW[IFIJK#OKWKYTJ#kK^I#PQOl## CD EFGHIFIJKL#MNHH#OPQR#RSTKTUTH#m\HI#KT## CD nNIS]#W[IJKL## CD oIK#SILGTJLIL#MSTF#W[IJKL## CD OIKpL#ZWSYW\HIL#YJ#W[IJKL## CD mUdJTcHIX[IpL#WL]JU^STJTNL#IZIJKL#MSTF#W[IJKLV##
q=====rs:ht=uv>j=wjv9j:??=x=
yVD OIHIUK#K^I#SY[^K#U^TYUIV# WlD z{R#XTIL#JTK#NLI######################################################### kml#{cT#KSWJLMIS#FTXIV## k_l#`TJKSTH#UTJJIUKYTJ#KT#SIFTKI#UTFGNKIS#\IMTSI#MYHI#UWJ#\I#KSWJLMISSIXV## k`l#|LIS#}WKW[SWF#RSTKTUTHV## k}l#mNK^TSY~WKYTJ#TM#W#NLIS#K^STN[^#HT[YJ#WJX#GWLLcTSX#ZISYMYUWKYTJV## # # \lD RSTKTUTH#NLIX#KT#FTJYKTS#WJX#UTJKSTH#JIKcTSd#XIZYUIL#TGISWKIL#WK ## kml##mGGHYUWKYTJ#HW]IS###k_l#{SWJLGTSK#HW]IS## k`l##PIKcTSd#HW]IS########k}l#}WKW# YJd#HW]IS## # # VD }YLUNLL#{`R#UTJJIUKYTJL#YJ#z{RV# # # VD ^WK#YL#UTJMY[NSWKYTJ#FWJW[IFIJK#YJ#UTFGNKIS#JIKcTSd#FWJW[IFIJK # # #
12#
0!
3456 789:;7<:=;7=>;?@:;AB<=@C;D=9E=9; ?FFB<A?C<8@D;
566789*+8,-./*012.
GHI$JKLMN$JONI$JIP$OQ$RS$RLTHOUITUVLRM$WLRXIYKLZ$WKL$RTTIQQOS[$MOSZIN$NKTVXISUQ$ Q\LIRN$KVU$K]IL$XOMMOKSQ$KW$XRTHOSIQ$RMM$K]IL$UHI$^SUILSIU_$^S$UHI$MRQU$NITRNI$KS$QK$OU$ YISU$WLKX$PIOS[$R$YR`$UK$NOQULOPVUI$HO[HaISIL[`$\H`QOTQ$NRUR$UK$UHI$R\\MOTRUOKS$UHRU$ XOMMOKSQ$KW$\IK\MI$UHOSZ$KW$RQ$PIOS[$bGHI$^SUILSIU_b$^UQ$ISKLXKVQ$\K\VMRLOU`$QUIXQ$ WLKX$UHI$WRTU$UHRU$OU$HRQ$R$TKMKLWVM$[LR\HOTRM$OSUILWRTI$UHRU$OQ$IRQ`$WKL$PI[OSSILQ$UK$VQIc$ RSN$OU$\LK]ONIQ$RS$ISKLXKVQ$YIRMUH$KW$OSWKLXRUOKS$KS$RMXKQU$I]IL`$TKSTIO]RPMI$ QVPdITU_$ $ GHI$JIP$eRMQK$ZSKYS$RQ$777f$PI[RS$OS$3ghg$RU$ijklc$UHI$jVLK\IRS$TISUIL$WKL$ SVTMIRL$LIQIRLTH_$ijkl$HRQ$QI]ILRM$RTTIMILRUKLQ$RU$YHOTH$MRL[I$UIRXQ$KW$QTOISUOQUQ$ WLKX$UHI$\RLUOTO\RUOS[$jVLK\IRS$TKVSULOIQ$TRLL`$KVU$LIQIRLTH$OS$\RLUOTMI$\H`QOTQ_$GHIQI$ UIRXQ$KWUIS$HR]I$XIXPILQ$WLKX$HRMW$R$NKmIS$KL$XKLI$TKVSULOIQ_$nKQU$Io\ILOXISUQ$RLI$ HO[HM`$TKX\MIo$RSN$LIpVOLI$`IRLQ$KW$RN]RSTI$\MRSSOS[$RSN$IpVO\XISU$TKSQULVTUOKS_$ GHI$JIP$[LIY$KVU$KW$UHI$SIIN$UK$HR]I$UHIQI$MRL[I$UIRXQ$KW$OSUILSRUOKSRMM`$NOQ\ILQIN$ LIQIRLTHILQ$TKMMRPKLRUI$VQOS[$R$TKSQURSUM`$THRS[OS[$TKMMITUOKS$KW$LI\KLUQc$PMVI\LOSUQc$ NLRYOS[Qc$\HKUKQc$RSN$KUHIL$NKTVXISUQ_$ $ GHI$OSOUORM$\LK\KQRM$WKL$R$YIP$KW$MOSZIN$NKTVXISUQ$TRXI$WLKX$ijkl$\H`QOTOQU$GOX$ qILSILQarII$OS$nRLTH$3ghg_$GHI$WOLQU$eUIoUaPRQINf$\LKUKU`\I$YRQ$K\ILRUOKSRM$3h$ XKSUHQ$MRUIL_$^S$sITIXPIL$3gg3c$R$\VPMOT$NIXKSQULRUOKS$YRQ$[O]IS$RU$UHI$t`\ILUIoU$ bg3$TKSWILISTI$OS$uRS$vSUKSOKc$GIoRQ_$ $ GHOQ$NIXKSQULRUOKS$RSN$OUQ$RUUISNRSU$\VPMOTOU`$TRV[HU$UHI$RUUISUOKS$KW$KUHIL$ LIQIRLTHILQc$YHOTH$MIN$nRLT$vSNLIIQQIS$RU$UHI$wSO]ILQOU`$KW$^MMOSKOQ$UK$QURLU$ NI]IMK\OS[$UHI$WOLQU$[LR\HOTRM$PLKYQILc$nKQROT_$^U$YRQ$LIMIRQIN$OS$xIPLVRL`$3ggy_$ nKQROT$YRQ$QK$\K\VMRL$UHRU$R$`IRL$MRUILc$vSNLIIQQIS$MIWU$UK$WKLX$R$TKX\RS`c$lIUQTR\I$ iKXXVSOTRUOKSQ$iKL\_c$YHKQI$[KRM$YRQ$UK$NI]IMK\$TMOISUQc$QIL]ILQc$RSN$KUHIL$JIP$ QKWUYRLI_$JHIS$lIUQTR\I$YISU$\VPMOT$OS$3ggzc$OS]IQUKLQc$R\\RLISUM`$UHOSZOS[$UHOQ$YRQ$ UHI$SIoU$nOTLKQKWUc$\RON${3_z$POMMOKS$WKL$UHI$QUKTZ_$GHOQ$LITKLN$YRQ$RMM$UHI$XKLI$ QVL\LOQOS[$PITRVQI$UHI$TKX\RS`$HRN$KSM`$KSI$\LKNVTUc$YRQ$K\ILRUOS[$NII\M`$OS$UHI$ LINc$RSN$HRN$RSSKVSTIN$OS$OUQ$\LKQ\ITUVQ$UHRU$OU$NON$SKU$Io\ITU$UK$XRZI$R$\LKWOU$WKL$UHI$ WKLIQIIRPMI$WVUVLI_$xKL$UHI$SIoU$UHLII$`IRLQc$lIUQTR\I$lR]O[RUKL$RSN$nOTLKQKWUbQ$ ^SUILSIU$jo\MKLIL$IS[R[IN$OS$R$bPLKYQIL$YRLcb$IRTH$KSI$UL`OS[$WLRSUOTRMM`$UK$RNN$XKLI$ WIRUVLIQ$eRSN$UHVQ$XKLI$PV[Qf$UHRS$UHI$KUHIL$KSI_$^S$3gghc$vXILOTR$|SMOSI$PKV[HU$ lIUQTR\I$iKXXVSOTRUOKSQ$iKL\_$WKL${}_~$POMMOKSc$UHVQ$ISNOS[$lIUQTR\IbQ$PLOIW$MOWI$RQ$ RS$OSNI\ISNISU$TKX\RS`_$ $ ^S$3gg}c$ijkl$RSN$n_^_G_$QO[SIN$RS$R[LIIXISU$QIUUOS[$V\$UHI$7 ;7 ;7 ; A ;eQKXIUOXIQ$RPPLI]ORUIN$RQ$73Afc$RS$KL[RSOmRUOKS$NI]KUIN$UK$WVLUHIL$ NI]IMK\OS[$UHI$JIPc$QURSNRLNOmOS[$\LKUKTKMQc$RSN$ISTKVLR[OS[$OSUILK\ILRPOMOU`$ PIUYIIS$QOUIQ_$qILSILQarII$PITRXI$UHI$NOLITUKL_$uOSTI$UHISc$QI]ILRM$HVSNLIN$ VSO]ILQOUOIQ$RSN$TKX\RSOIQ$HR]I$dKOSIN$UHI$TKSQKLUOVX_$vMUHKV[H$UHILI$RLI$SKY$XKLI$ PKKZQ$RPKVU$UHI$JIP$UHRS$`KV$TRS$QHRZI$R$QUOTZ$RUc$UHI$PIQU$\MRTI$UK$[IU$V\aUKaNRUI$ OSWKLXRUOKS$RPKVU$UHI$JIP$OQ$eSRUVLRMM`f$KS$UHI$JIP$OUQIMW_$$
3454 6? ;8 ; ;777 ;
xLKX$UHI$VQILQb$\KOSU$KW$]OIYc$UHI$JIP$TKSQOQUQ$KW$R$]RQUc$YKLMNYONI$TKMMITUOKS$KW$ NKTVXISUQ$KL$7 ; c$KWUIS$dVQU$TRMMIN$ ;WKL$QHKLU_$jRTH$\R[I$XR`$TKSUROS$ MOSZQ$UK$KUHIL$\R[IQ$RS`YHILI$OS$UHI$YKLMN_$wQILQ$TRS$WKMMKY$R$MOSZ$P`$TMOTZOS[$KS$OUc$ YHOTH$UHIS$URZIQ$UHIX$UK$UHI$\R[I$\KOSUIN$UK_$GHOQ$\LKTIQQ$TRS$PI$LI\IRUIN$ OSNIWOSOUIM`_$GHI$ONIR$KW$HR]OS[$KSI$\R[I$\KOSU$UK$RSKUHILc$SKY$TRMMIN$ c$YRQ$ !
23$
456789*+,-9./01896, ./2,311456.658/, 7.859,
9:;<:=<>#?@#A#;9B9C:AD@#EFGFHF#IDCJ<BBCD#CJ#<K<L=D9LAK#<:M9:<<D9:MN#OA::<;AD#PQBRN#9:# STUVN#KC:M#?<JCD<#=R<#G:=<D:<=#WAB#9:;<:=<>F# XAM<B#AD<#;9<W<>#W9=R#A#IDCMDAY#LAKK<>#A#Z[\]^_[N#CJ#WR9LR#G:=<D:<=#`aIKCD<D#A:># b<=BLAI<#bA;9MA=CD#AD<#=WC#ICIQKAD#C:<BF#HR<#?DCWB<D#J<=LR<B#=R<#IAM<#D<cQ<B=<>N# 9:=<DID<=B#=R<#=<a=#A:>#JCDYA==9:M#LCYYA:>B#C:#9=N#A:>#>9BIKA@B#=R<#IAM<N#IDCI<DK@# JCDYA==<>N#C:#=R<#BLD<<:F#d<?#IAM<BN#B=AD=B#W9=R#A#=9=K<N#LC:=A9:#BCY<#9:JCDYA=9C:N#A:># <:>B#W9=R#=R<#<eYA9K#A>>D<BB#CJ#=R<#IAM<fB#YA9:=A9:<DF#g=D9:MB#CJ#=<a=#=RA=#AD<#K9:hB#=C# C=R<D#IAM<BN#LAKK<>#ijk_[lmno^N#AD<#CJ=<:#R9MRK9MR=<>N#?@#Q:><DK9:9:MN#>9BIKA@9:M#=R<Y# 9:#A#BI<L9AK#LCKCDN#CD#?C=RF#HC#JCKKCW#A#K9:hN#=R<#QB<D#IKAL<B#=R<#YCQB<#LQDBCD#C:#=R<# R9MRK9MR=<>#AD<AN#WR9LR#LAQB<B#=R<#LQDBCD#=C#LRA:M<N#A:>#LK9LhB#C:#9=F#pK=RCQMR#:C:# MDAIR9LAK#?DCWB<DBN#BQLR#AB#q@:aN#<a9B=N#=R<@#AD<#:C=#AB#ICIQKAD#AB#MDAIR9LAK#?DCWB<DBF# OC9L<e?AB<>#?DCWB<DB#AD<#AKBC#?<9:M#><;<KCI<>F# r HR<#?AB9L#YC><K#CJ#RCW#=R<#d<?#WCDhB#9B#BRCW:#9:#s9MQD<#UN#t<D<#=R<#?DCWB<D#9B# >9BIKA@9:M#A#d<?#IAM<#C:#=R<#LK9<:=#YALR9:<F#dR<:#=R<#QB<D#LK9LhB#C:#A#K9:<#CJ#=<a=# =RA=#9B#K9:h<>#=C#A#IAM<#C:#=R<#uvwxywz{|B<D;<DN#=R<#?DCWB<D#JCKKCWB#=R<#R@I<DK9:h#?@# B<:>9:M#A#Y<BBAM<#=C#=R<#uvwxywz{|B<D;<D#ABh9:M#9=#JCD#=R<#IAM<F#dR<:#=R<#IAM<# ADD9;<BN#9=#9B#>9BIKA@<>F#GJ#=R9B#IAM<#LC:=A9:B#A#R@I<DK9:h#=C#A#IAM<#C:#=R<#}~ ywz{| B<D;<D#=RA=#9B#LK9Lh<>#C:N#=R<#?DCWB<D#=R<:#B<:>B#A#D<cQ<B=#=C#=RA=#YALR9:<#JCD#=R<# IAM<N#A:>#BC#C:#9:><J9:9=<K@F#
m [_r rr i_rk [ ^r\ r i_r _Zr \ _l r
r
i_r lm_n r m _r G:#<BB<:L<N#A#?DCWB<D#9B#A#IDCMDAY#=RA=#LA:#>9BIKA@#A#d<?#IAM<#A:>#LA=LR#YCQB<# LK9LhB#=C#9=<YB#C:#=R<#>9BIKA@<>#IAM<F#dR<:#A:#9=<Y#9B#B<K<L=<>N#=R<#?DCWB<D#JCKKCWB# =R<#R@I<DK9:h#A:>#J<=LR<B#=R<#IAM<#B<K<L=<>F#HR<D<JCD<N#=R<#<Y?<>><>#R@I<DK9:h#:<<>B# A#WA@#=C#:AY<#A:@#C=R<D#IAM<#C:#=R<#d<?F#XAM<B#AD<#:AY<>#QB9:M# ^r nm \[ r _^\ [ _r \ \[^ F#p#=@I9LAK# q#9B#R==I WWWFA?L>FLCY IDC>QL=BFR=YK# # G=#9B#BQJJ9L9<:=#=C#h:CW#=RA=#A# q#RAB#=RD<<#IAD=B #=R<#:AY<#CJ#=R<#IDC=CLCK# N#=R<# bg#:AY<#CJ#=R<#YALR9:<#WR<D<#=R<#IAM<#9B#KCLA=<># yuvwxywz{ N#A:># QBQAKK@ # =R<#:AY<#CJ#=R<#J9K<#LC:=A9:9:M#=R<#IAM<# zx w y {¡ F# # dR<:#A#QB<D#LK9LhB#C:#A#R@I<DK9:hN#=R<#?DCWB<D#LADD9<B#CQ=#A#B<D9<B#CJ#B=<IB#9:#CD><D#=C# J<=LR#=R<#IAM<#IC9:=<>#=CF#gQIICB<#=RA=#A#QB<D#9B#?DCWB9:M#=R<#d<?#A:>#J9:>B#A#K9:h#C:# G:=<D:<=#=<K<IRC:@#=RA=#IC9:=#=C#GH fB#RCY<#IAM<N#WR9LR#9B# ¢££ y¤ yz ¥£ z{¦£¤§x¦}y {¡F#q<=#QB#=DAL<#=R<#B=<IB#=RA=#CLLQD#WR<:#=R9B#K9:h#9B# B<K<L=<>F# SF¨ HR<#?DCWB<D#><=<DY9:<B#=R<# q# ?@#B<<9:M#WRA=#WAB#B<K<L=<> F# 12#
0!
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`6]a$HUD8:K:8D8:^$R;=D$9:;<=8:=$7>W8$UIR8:;I=$ 9IDD;U=$>UG$C8>DI:8=$D;$R>?8$HD$8>=H8:$D;$U>WHJ>D8$D78$b894$];=D$7>W8$>$9IDD;U$C;:$ J;HUJ$9>T?$D;$D78$K:8WH;I=$K>J8^$>$9IDD;U$C;:$J;HUJ$C;:<>:G$D;$D78$U8ZD$K>J8$c;UL\$ ;K8:>DHW8$>CD8:$D78$I=8:$7>=$J;U8$9>T?$C:;R$HDd^$>UG$>$9IDD;U$C;:$J;HUJ$=D:>HJ7D$D;$D78$ I=8:e=$;<U$=D>:D$K>J84$];=D$9:;<=8:=$7>W8$>$9IDD;U$;:$R8UI$HD8R$D;$=8D$>$9;;?R>:?$;U$ >$JHW8U$K>J8$>UG$>U;D78:$;U8$D;$GH=KL>\$D78$LH=D$;C$9;;?R>:?=^$R>?HUJ$HD$K;==H9L8$D;$ :8WH=HD$>U\$;C$D78R$<HD7$;UL\$>$C8<$R;I=8$TLHT?=4$F>J8=$T>U$>L=;$98$=>W8G$D;$GH=?$;:$ K:HUD8G4$AIR8:;I=$;KDH;U=$>:8$J8U8:>LL\$>W>HL>9L8$C;:$T;UD:;LLHUJ$D78$=T:88U$L>\;ID$ >UG$=8DDHUJ$W>:H;I=$I=8:$K:8C8:8UT8=4$ $ EU$>GGHDH;U$D;$7>WHUJ$;:GHU>:\$D8ZD$cU;D$IUG8:LHU8Gd$>UG$7\K8:D8ZD$cIUG8:LHU8Gd^$b89$ K>J8=$T>U$>L=;$T;UD>HU$HT;U=^$LHU8$G:><HUJ=^$R>K=^$>UG$K7;D;J:>K7=4$f>T7$;C$D78=8$T>U$ c;KDH;U>LL\d$98$LHU?8G$D;$>U;D78:$K>J84$SLHT?HUJ$;U$;U8$;C$D78=8$8L8R8UD=$T>I=8=$D78$ 9:;<=8:$D;$C8DT7$D78$LHU?8G$K>J8$>UG$GH=KL>\$HD$;U$D78$=T:88U^$D78$=>R8$>=$TLHT?HUJ$;U$ D8ZD4$bHD7$HR>J8=$=IT7$>=$K7;D;=$>UG$R>K=^$<7HT7$K>J8$H=$C8DT78G$U8ZD$R>\$G8K8UG$ ;U$<7>D$K>:D$;C$D78$HR>J8$<>=$TLHT?8G$;U4$ $ A;D$>LL$K>J8=$T;UD>HU$`6]a4$_$K>J8$R>\$T;U=H=D$;C$>$C;:R>DD8G$G;TIR8UD$HU$F@g$ C;:R>D^$>U$HT;U$HU$hEg$C;:R>D^$>$K7;D;J:>K7$HU$iFfh$C;:R>D^$>$=;UJ$HU$]F3$C;:R>D^$>$ WHG8;$HU$]Ffh$C;:R>D^$;:$>U\$;U8$;C$7IUG:8G=$;C$;D78:$CHL8$D\K8=4$BHUT8$=D>UG>:G$ `6]a$K>J8=$R>\$LHU?$D;$>U\$;C$D78=8^$D78$9:;<=8:$7>=$>$K:;9L8R$<78U$HD$8UT;IUD8:=$ >$K>J8$HD$T>UU;D$HUD8:K:8D4$ $ j>D78:$D7>U$R>?HUJ$D78$9:;<=8:=$L>:J8:$>UG$L>:J8:$9\$9IHLGHUJ$HU$HUD8:K:8D8:=$C;:$>$ :>KHGL\$J:;<HUJ$T;LL8TDH;U$;C$CHL8$D\K8=^$R;=D$9:;<=8:=$7>W8$T7;=8U$>$R;:8$J8U8:>L$ =;LIDH;U4$b78U$>$=8:W8:$:8DI:U=$>$K>J8^$HD$>L=;$:8DI:U=$=;R8$>GGHDH;U>L$HUC;:R>DH;U$ >9;ID$D78$K>J84$67H=$HUC;:R>DH;U$HUTLIG8=$D78$]E]f$D\K8$;C$D78$K>J84$F>J8=$;C$D\K8$ klmknokpqr>:8$sI=D$GH=KL>\8G$GH:8TDL\^$>=$>:8$K>J8=$HU$>$C8<$;D78:$9IHLDtHU$D\K8=4$EC$D78$ ]E]f$D\K8$H=$U;D$;U8$;C$D78$9IHLDtHU$;U8=^$D78$9:;<=8:$T;U=ILD=$HD=$D>9L8$;C$]E]f$ D\K8=$D;$D8LL$HD$7;<$D;$GH=KL>\$D78$K>J84$$ $ 678:8$>:8$D<;$K;==H9HLHDH8=u$KLIJtHU=$>UG$78LK8:$>KKLHT>DH;U=4$_$67vwxyz{H=$>$T;G8$ R;GIL8$D7>D$D78$9:;<=8:$C8DT78=$C:;R$>$=K8TH>L$GH:8TD;:\$;U$D78$GH=?$>UG$HU=D>LL=$>=$>U$ 8ZD8U=H;U$D;$HD=8LC^$>=$HLLI=D:>D8G$HU$gHJI:8$Nc>d$|8T>I=8$KLIJtHU=$:IU$HU=HG8$D78$ 9:;<=8:^$D78\$7>W8$>TT8==$D;$D78$TI::8UD$K>J8$>UG$T>U$R;GHC\$HD=$>KK8>:>UT84$_CD8:$D78$ KLIJtHU$7>=$G;U8$HD=$s;9$cI=I>LL\$>CD8:$D78$I=8:$7>=$R;W8G$D;$>$GHCC8:8UD$b89$K>J8d^$D78$ KLIJtHU$H=$:8R;W8G$C:;R$D78$9:;<=8:e=$R8R;:\4$ !
566789*+8,-./*012.
23$
456789*+,-9./01896, ./2,311456.658/, 7.859,
#
9:;<=>?@A??BCD?E?F=GHI>=?JK<;L:MN?BFD?E?O>KJ>=?CJJK:PCQ:GMN?
RSTU#VWXYZ[W#USZ#S#Z[\#X]#^WXT[_`W[Z#\US\#Saa#^a`bcdeZ#f`Z\#df^a[f[e\#ZX#\U[#VWXYZ[W# TSe#TSaa#\U[#^a`bcdeg#hXW#[iSf^a[j#\U[W[#dZ#\k^dTSaak#S#^WXT[_`W[#\U[#VWXYZ[WlZ#VSZ[# TX_[#TSaaZ#\X#Z`^^ak#\U[#^a`bcde#Yd\U#_S\S#\X#_dZ^aSkg#mUdZ#Z[\#X]#^WXT[_`W[Z#dZ#\U[# ^a`bcdelZ#de\[W]ST[#Se_#dZ#VWXYZ[W#Z^[Td]dTg# # ne#S__d\dXej#\U[#VWXYZ[W#fSo[Z#S#Z[\#X]#d\Z#XYe#^WXT[_`W[Z#SpSdaSVa[#\X#\U[#^a`bcdej#\X# ^WXpd_[#Z[WpdT[Z#\X#^a`bcdeZg#mk^dTSa#^WXT[_`W[Z#de#\U[#VWXYZ[W#de\[W]ST[#SW[#]XW# SaaXTS\deb#Se_#]W[[deb#f[fXWkj#_dZ^aSkdeb#S#f[ZZSb[#Xe#\U[#VWXYZ[WlZ#Z\S\`Z#ade[j#Se_# q`[Wkdeb#\U[#VWXYZ[W#SVX`\#^SWSf[\[WZg# # r[]XW[#S#^a`bcde#TSe#V[#`Z[_j#d\#f`Z\#V[#deZ\Saa[_g#mU[#`Z`Sa#deZ\SaaS\dXe#^WXT[_`W[#dZ# ]XW#\U[#`Z[W#\X#bX#\X#\U[#^a`bcdelZ#s[V#Zd\[#Se_#_XYeaXS_#Se#deZ\SaaS\dXe#]da[g#te# sde_XYZj#\UdZ#dZ#\k^dTSaak#S#Z[a]c[i\WST\deb#ud^#]da[#Yd\U#[i\[eZdXe#vwxwg#sU[e#\U[#ud^# ]da[#dZ#_X`Va[#TadTo[_j#S#ad\\a[#^WXbWSf#S\\STU[_#\X#\U[#]WXe\#X]#\U[#ud^#]da[#dZ#[i[T`\[_g# mUdZ#^WXbWSf#`eud^Z#\U[#^a`bcde#Se_#TX^d[Z#d\#\X#\U[#VWXYZ[WlZ#^a`bcde#_dW[T\XWkg#mU[e# d\#fSo[Z#\U[#S^^WX^WdS\[#TSaaZ#\X#W[bdZ\[W#\U[#^a`bcdelZ#ynyR#\k^[#Se_#\X#SZZXTdS\[#\U[# ^a`bcde#Yd\U#d\g#te#z{n|j#\U[#deZ\Saa[W#dZ#X]\[e#S#ZU[aa#ZTWd^\#\US\#USe_a[Z#\U[#TX^kdeb# Se_#W[bdZ\WS\dXeg# # mU[#X\U[W#YSk#\X#[i\[e_#S#VWXYZ[W#dZ#\X#`Z[#S#O>KJ>=?CJJK:PCQ:GMg#mUdZ#dZ#S#TXf^a[\[# ^WXbWSfj#W`eedeb#SZ#S#Z[^SWS\[#^WXT[ZZg#n\#dZ#daa`Z\WS\[_#de#hdb`W[#}~V g# deT[#\U[#U[a^[W# dZ#S#Z[^SWS\[#^WXbWSfj#d\#X]][WZ#eX#de\[W]ST[#\X#\U[#VWXYZ[W#Se_#fSo[Z#eX#`Z[#X]# VWXYZ[W#Z[WpdT[Zg#neZ\[S_j#d\#`Z`Saak# `Z\#STT[^\Z#\U[#eSf[#X]#S#ZTWS\TU#]da[#YU[W[#\U[# TXe\[e\#]da[#USZ#V[[e#Z\XW[_j#X^[eZ#\U[#]da[j#Se_#_dZ^aSkZ#\U[#TXe\[e\Zg#mk^dTSaakj# U[a^[WZ#SW[#aSWb[#^WXbWSfZ#\US\#[idZ\#de_[^[e_[e\ak#X]#\U[#VWXYZ[Wj#Z`TU#SZ# _XV[lZ# TWXVS\# [S_[W#]XW#_dZ^aSkdeb# h#]da[Z#XW#ydTWXZX]\#sXW_g# Xf[#^WXbWSfZ#~Z`TU#SZ# TWXVS\ #USp[#S#^a`bcde#\US\#depXo[Z#\U[#U[a^[W#d\Z[a]g# # ySek#U[a^[W#S^^adTS\dXeZ#`Z[#\U[#ynyR#\k^[# g# #TXeZd_[WSVa[#e`fV[W#X]# Z`V\k^[Z#USp[#V[[e#_[]de[_j#]XW#[iSf^a[j# ]XW# h#]da[Z#Se_# ]XW#sXW_#]da[Zg#ne#\UdZ#YSkj#S#z #TSe#^Xde\#_dW[T\ak#\X#S# h#XW# sXW_#]da[j#Se_#YU[e#\U[#`Z[W#TadToZ#Xe#d\j# TWXVS\#XW#sXW_#dZ#S`\XfS\dTSaak#Z\SW\[_# Se_#USe_[_#\U[#eSf[#X]#S#ZTWS\TU#]da[#TXe\Sdedeb#\U[#TXe\[e\#\X#V[#_dZ^aSk[_g# XeZ[q`[e\akj#VWXYZ[WZ#TSe#V[#TXe]db`W[_#\X#USe_a[#S#pdW\`Saak#`eadfd\[_#e`fV[W#X]# _XT`f[e\#\k^[Z#Yd\U#eX#TUSeb[Z#\X#\U[#VWXYZ[Wg#yX_[We#s[V#Z[Wp[WZ#SW[#X]\[e# 12#
0!
3456789:;<$=7>?$?95<:;<@$46$>AB;C@9D>AB;$34ED75F>745@$F5<$5;=$45;@$F:;$46>;5$F<<;<$ ;G;:A$>7E;$F$5;=$B:48:FE$7@$75@>FHH;<I$ $ J;HB;:$FBBH73F>745@$F:;$54>$:;@>:73>;<$>4$9@758$>?;$KLLMNOKPNQRSTUTV$>AB;I$W<4D;$ X?4>4@?4B$9@;@$NYKZ[\]^L_QPQ`_QLSF5<$a;FH$b5;$XHFA;:$7@$3FBFDH;$46$?F5<H758$ KcdNQ\YLef$64:$;gFEBH;I$ $ b5$h75<4=@f$=?;5$F$B:48:FE$7@$75@>FHH;<$45$>?;$34EB9>;:f$7>$:;87@>;:@$>?;$TUTV$ >AB;@$7>$=F5>@$>4$?F5<H;I$i?7@$E;3?F57@E$H;F<@$>4$3456H73>$=?;5$E9H>7BH;$G7;=;:@$F:;$ FGF7HFDH;$64:$@4E;$@9D>AB;f$@93?$F@$jNd[Q\YLZI$h?F>$?FBB;5@$7@$>?F>$>?;$HF@>$B:48:FE$ >4$:;87@>;:$4G;:=:7>;@$;g7@>758$kTUTV$>AB;f$?;HB;:$FBBH73F>745l$F@@437F>745@f$3FB>9:758$ >?;$>AB;$64:$7>@;H6I$W@$F$345@;m9;53;f$75@>FHH758$F$5;=$B:48:FE$EFA$3?F58;$>?;$=FA$F$ D:4=@;:$?F5<H;@$;g7@>758$>AB;@I$ $ b5$noUpf$>?7@$:;87@>:F>745$B:43;@@$7@$8;5;:FHHA$54>$F9>4EF>73I$i?;$9@;:$E9@>$ EF59FHHA$9B<F>;$3;:>F75$3456789:F>745$67H;@I$i?7@$FBB:4F3?$H;F<@$>4$E4:;$=4:q$D9>$ 6;=;:$@9:B:7@;@I$ $ r:4=@;:@$3F5$FH@4$4B;5$H43FH$67H;@f$:F>?;:$>?F5$6;>3?758$>?;E$6:4E$:;E4>;$h;D$ @;:G;:@I$s753;$H43FH$67H;@$<4$54>$?FG;$TUTV$>AB;@f$>?;$D:4=@;:$5;;<@$@4E;$=FA$>4$ <;>;:E75;$=?73?$BH98t75$4:$?;HB;:$>4$9@;$64:$>AB;@$4>?;:$>?F5$7>@$D97H>t75$>AB;@$@93?$F@$ P[]P\_PYMSF5<$NYKZ[\uL[ZI$i4$?F5<H;$H43FH$67H;@f$?;HB;:@$3F5$D;$F@@437F>;<$=7>?$F$67H;$ ;g>;5@745$F@$=;HH$F@$=7>?$F$TUTV$>AB;I$h7>?$>?;$@>F5<F:<$3456789:F>745f$4B;5758$ vQQwLdvS=7HH$4B;5$7>$75$W3:4DF>$F5<$4B;5758$xKywdQOS=7HH$4B;5$7>$75$h4:<I$s4E;$ D:4=@;:@$9@;$>?;$TUTV$>AB;f$>?;$67H;$;g>;5@745f$F5<$;G;5$7564:EF>745$>Fq;5$6:4E$>?;$ 67H;$7>@;H6$>4$89;@@$>?;$TUTV$>AB;I$U5$BF:>739HF:f$U5>;:5;>$VgBH4:;:$:;H7;@$E4:;$?;FG7HA$ 45$>?;$67H;$;g>;5@745$>?F5$45$>?;$TUTV$>AB;$=?;5$7>$3F5I$ $ J;:;f$>44f$3456H73>@$3F5$F:7@;$@753;$EF5A$B:48:FE@$F:;$=7HH758f$75$6F3>f$;F8;:f$>4$ ?F5<H;f$@FAf$wYLZI$z9:758$75@>FHHF>745f$B:48:FE@$75>;5<;<$64:$B:46;@@745FH@$46>;5$ <7@BHFA$3?;3qD4g;@$64:$>?;$TUTV$>AB;@$F5<$;g>;5@745@$>?;A$F:;$B:;BF:;<$>4$?F5<H;$>4$ FHH4=$>?;$9@;:$>4$@;H;3>$>?;$FBB:4B:7F>;$45;@$F5<$>?9@$54>$4G;:=:7>;$;g7@>758$ F@@437F>745@$DA$F337<;5>I$X:48:FE@$F7E;<$F>$>?;$345@9E;:$EF:q;>$F@@9E;$>?F>$>?;$9@;:$ <4;@$54>$?FG;$F$3H9;$=?F>$F$TUTV$>AB;$7@$F5<$@7EBHA$8:FD$;G;:A>?758$>?;A$3F5$ =7>?49>$:;8F:<$>4$=?F>$B:;G749@HA$75@>FHH;<$B:48:FE@$?FG;$<45;I$ $ i?;$FD7H7>A$>4$;g>;5<$>?;$D:4=@;:$=7>?$F$HF:8;$59ED;:$46$5;=$>AB;@$7@$345G;57;5>$D9>$ 3F5$FH@4$H;F<$>4$>:49DH;I$h?;5$U5>;:5;>$VgBH4:;:$6;>3?;@$F$67H;$=7>?$;g>;5@745$[][f$7>$ :;FH7{;@$>?F>$>?7@$67H;$7@$F5$;g;39>FDH;$B:48:FE$F5<$>?;:;64:;$?F@$54$?;HB;:I$i?;$ 4DG749@$F3>745$7@$>4$:95$>?;$B:48:FEI$J4=;G;:f$>?7@$349H<$D;$F5$;54:E49@$@;39:7>A$ ?4H;I$WHH$F$EFH73749@$h;D$@7>;$?F@$>4$<4$7@$B:4<93;$F$h;D$BF8;$=7>?$B73>9:;@$46f$@FAf$ E4G7;$@>F:@$4:$@B4:>@$?;:4;@f$FHH$46$=?73?$F:;$H75q;<$>4$F$G7:9@I$W$@758H;$3H73q$45$F$ B73>9:;$>?;5$3F9@;@$F5$95q54=5$F5<$B4>;5>7FHHA$?4@>7H;$;g;39>FDH;$B:48:FE$>4$D;$ 6;>3?;<$F5<$:95$45$>?;$9@;:|@$EF3?75;I$i4$B:;G;5>$95=F5>;<$89;@>@$H7q;$>?7@f$U5>;:5;>$ VgBH4:;:$3F5$D;$3456789:;<$>4$D;$@;H;3>7G;$FD49>$:955758$95q54=5$B:48:FE@$ F9>4EF>73FHHAf$D9>$54>$FHH$9@;:@$95<;:@>F5<$?4=$>4$EF5F8;$>?;$3456789:F>745I$ }~ o4=$H;>$9@$>Fq;$F$H44q$F>$>?;$@;:G;:$@7<;I$W@$=;$@F=$FD4G;f$=?;5$>?;$9@;:$>AB;@$75$F$ na $4:$3H73q@$45$F$H75;$46$?AB;:>;g>f$>?;$D:4=@;:$BF:@;@$>?;$na $F5<$75>;:B:;>@$>?;$ BF:>$D;>=;;5$_PPL \\SF5<$>?;$5;g>$@HF@?$F@$F$zos$5FE;$>4$H44q$9BI$W:E;<$=7>?$>?;$UX$ F<<:;@@$46$>?;$@;:G;:f$>?;$D:4=@;:$;@>FDH7@?;@$F$i X$3455;3>745$>4$B4:>$ $45$>?F>$ @;:G;:I$i?;5$7>$@;5<@$4G;:$F$34EEF5<$345>F75758$>?;$:;@>$46$>?;$na f$=?73?$7@$>?;$ 5FE;$46$F$67H;$45$>?F>$@;:G;:I$i?;$@;:G;:$>?;5$:;>9:5@$>?;$67H;$64:$>?;$D:4=@;:$>4$ <7@BHFAI$ $ !
566789*+8,-./*012.
23$
3456789*+,8-./0785+ -.1+200345-547.+ 6-748+
89:";<:=;"<9><"<9:";:?@:?"=:?AB?C;"DE"D<;"C>DE"FBB=">?:">;"ABFFBG;H" IJK LMM:=<">"8NO"MBEE:M<DBE"A?BC">"MFD:E<"P>"Q?BG;:?RJ" SJK T:<"<9:"E>C:"BA"<9:"ADF:"?:UV:;<:WJ" XJK T:<"<9:"ADF:"PA?BC"WD;YRJ" ZJK [:<V?E"<9:"ADF:"<B"<9:"MFD:E<J" \JK [:F:>;:"<9:"8NO"MBEE:M<DBEJ" " ]BW:?E"^:Q";:?@:?;"9>@:"CB?:"A:><V?:;_"QV<"DE":;;:EM:_"<9D;"D;"G9><">"^:Q";:?@:?" WB:;J" " L"=?BQF:C"GD<9"<9D;"W:;D`E"D;"<9><":@:?a"?:UV:;<"?:UVD?:;"C>YDE`">"WD;Y">MM:;;"<B"`:<" <9:"ADF:J"89:"?:;VF<"D;"<9><"<9:"^:Q";:?@:?"M>EEB<";:?@:"CB?:"?:UV:;<;"=:?";:MBEW"<9>E" D<"M>E"C>Y:"WD;Y">MM:;;:;J"" " bE:"BQ@DBV;"DC=?B@:C:E<"PV;:W"Qa">FF"^:Q";:?@:?;R"D;"<B"C>DE<>DE">"M>M9:"DE"C:CB?a" BA"<9:"cdCB;<"?:M:E<Fa"V;:W"ADF:;J"e:AB?:"`BDE`"<B"WD;Y"<B"`:<">"ADF:_"<9:";:?@:?"M9:MY;" <9:"M>M9:J"fA"<9:"ADF:"D;"<9:?:_"D<"M>E"Q:";:?@:W"WD?:M<Fa"A?BC"C:CB?a_"<9V;":FDCDE><DE`" <9:"WD;Y">MM:;;J"LF<9BV`9":AA:M<D@:"M>M9DE`"?:UVD?:;">"F>?`:">CBVE<"BA"C>DE"C:CB?a" >EW";BC:":g<?>"=?BM:;;DE`"<DC:"<B"M9:MY"<9:"M>M9:">EW"C>E>`:"D<;"MBE<:E<;_"<9:" ;>@DE`;"DE"<DC:">?:"E:>?Fa">FG>a;"GB?<9"<9:"B@:?9:>W">EW":g=:E;:J" " 89:"E:g<";<:="AB?"QVDFWDE`">"A>;<:?";:?@:?"D;"<B"C>Y:"<9:";:?@:?"CVF<D<9?:>W:WJ"fE"BE:" W:;D`E_"<9:";:?@:?"MBE;D;<;"BA">"A?BE<h:EW"CBWVF:"<9><">MM:=<;">FF"DEMBCDE`"?:UV:;<;" >EW"id=?BM:;;DE`"CBWVF:;_">;";9BGE"DE"jD`V?:"1J"89:"idk"I"<9?:>W;">FF"Q:FBE`"<B"<9:" ;>C:"=?BM:;;";B"<9:"=?BM:;;DE`"CBWVF:;">FF"9>@:">MM:;;"<B"<9:"M>M9:"GD<9DE"<9:" =?BM:;;l">WW?:;;";=>M:J"^9:E">"?:UV:;<"MBC:;"DE_"<9:"A?BE<":EW">MM:=<;"D<">EW"QVDFW;">" ;9B?<"?:MB?W"W:;M?DQDE`"D<J"f<"<9:E"9>EW;"<9:"?:MB?W"<B"BE:"BA"<9:"=?BM:;;DE`"CBWVF:;J" fE">EB<9:?"=B;;DQF:"W:;D`E_"<9:"A?BE<":EW"D;":FDCDE><:W">EW":>M9"=?BM:;;DE`"CBWVF:" <?D:;"<B">MUVD?:"D<;"BGE"?:UV:;<;_"QV<">"FBMYDE`"=?B<BMBF"D;"<9:E"?:UVD?:W"<B"=?:@:E<" MBEAFDM<;J"
"
mnopqrstussvswpxynyzqr{|r|s}r~s rq rqs nyzs{s q ysr |s{ |s q r n osw |pxr s
89:"=?BM:;;DE`"CBWVF:"AD?;<"M9:MY;"<9:"M>M9:"<B";::"DA"<9:"ADF:"E::W:W"D;"<9:?:J"fA";B_"D<" V=W><:;"<9:"?:MB?W"<B"DEMFVW:">"=BDE<:?"<B"<9:"ADF:"DE"<9:"?:MB?WJ"fA"D<"D;"EB<"<9:?:_"<9:" =?BM:;;DE`"CBWVF:";<>?<;">"WD;Y"B=:?><DBE"<B"?:>W"D<"DE<B"<9:"M>M9:"P=B;;DQFa"WD;M>?WDE`" ;BC:"B<9:?"M>M9:W"ADF:;"<B"C>Y:"?BBC"AB?"D<RJ"^9:E"<9:"ADF:"MBC:;"DE"A?BC"<9:"WD;Y_"D<" D;"=V<"DE"<9:"M>M9:">EW">F;B";:E<"Q>MY"<B"<9:"MFD:E<J" " 89:">W@>E<>`:"BA"<9D;";M9:C:"D;"<9><"G9DF:"BE:"B?"CB?:"=?BM:;;DE`"CBWVF:;">?:" QFBMY:W"G>D<DE`"AB?">"WD;Y"B=:?><DBE"<B"MBC=F:<:"P>EW"<9V;"MBE;VCDE`"EB"NO "<DC:R_" B<9:?"CBWVF:;"M>E"Q:">M<D@:Fa"GB?YDE`"BE"B<9:?"?:UV:;<;J"bA"MBV?;:_"<B"`:<">Ea"?:>F" 11"
0!
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`<9DG$;<9$DAD<9I$ 2IZ W9;D<$;<9$69VF9=;9B$5A>9$O674$B3=GI$ 3IZ S9;9643:9$;<9$TNTQ$;E59$;7$3:D?FB9$3:$;<9$69=57:=9I$ aIZ XAG9$DA69$7O$43=D9??A:97F=$7BB=$A:B$9:B=I$ bIZ P9;F6:$;<9$695?E$;7$;<9$D?39:;I$ YcIZ TAG9$A:$9:;6E$3:$;<9$=96896$?7>I$ defghi$3=$:99B9B$H9DAF=9$;<9$3:D743:>$69VF9=;$4AE$:7;$D7:;A3:$;<9$AD;FA?$:A49$7O$;<9$ O3?9$A=$A$?3;96A?$=;63:>I$W76$9jA45?9C$D7:=3B96$;<9$kPl$mnnopqqrrrstusvwsxyC$M<3D<$<A=$ A:$945;E$O3?9$:A49I$N;$<A=$;7$H9$9j5A:B9B$;7$=749$B9OAF?;$O3?9$:A49I$R?=7C$47B96:$ H67M=96=$DA:$=59D3OE$;<9$F=96z=$B9OAF?;$?A:>FA>9${9I>IC$N;A?3A:$76$Q:>?3=<|C$M<3D<$ 4AG9=$3;$57==3H?9$O76$;<9$=96896$;7$=9?9D;$A$J9H$5A>9$3:$;<A;$?A:>FA>9C$3O$A8A3?AH?9I$N:$ >9:96A?C$:A49$9j5A:=37:$3=$:7;$VF3;9$=7$;6383A?$A=$3;$43><;$A;$O36=;$A559A6C$BF9$;7$A$ 8A639;E$7O$D7:89:;37:=$AH7F;$O3?9$:A43:>I$ $ defgh}$D7:=3=;=$7O$8963OE3:>$;<9$D?39:;z=$3B9:;3;EI$X<3=$=;95$3=$:99B9B$O76$5A>9=$;<A;$A69$ :7;$A8A3?AH?9$;7$;<9$>9:96A?$5FH?3DI$J9$M3??$B3=DF==$7:9$MAE$7O$B73:>$;<3=$?A;96$3:$;<3=$ D<A5;96I$ $ defgh~$D<9DG=$;7$=99$3O$;<969$A69$69=;63D;37:=$7:$M<9;<96$;<9$69VF9=;$4AE$H9$=A;3=O39B$ >389:$;<9$D?39:;z=$3B9:;3;E$A:B$?7DA;37:I$ ;95$^$D<9DG=$;7$=99$3O$;<969$A69$A:E$ADD9==$ 69=;63D;37:=$A==7D3A;9B$M3;<$;<9$5A>9$3;=9?OI$NO$A$D96;A3:$O3?9${9I>IC$smn tt uu|$3=$569=9:;$ 3:$;<9$B369D;76E$M<969$;<9$B9=369B$5A>9$3=$?7DA;9BC$3;$4AE$69=;63D;$ADD9==$;7$;<9$O3?9$;7$ 5A6;3DF?A6$B74A3:=C$O76$9jA45?9C$7:?E$F=96=$O674$3:=3B9$;<9$D745A:EI$ defg h h h $3:87?89$>9;;3:>$;<9$5A>9I$ ;95$2$:99B=$;7$H9$AH?9$;7$<A:B?9$4F?;35?9$ B3=G$69AB=$A;$;<9$=A49$;349I$ $ !
566789*+8,-./*012.
23$
456789*+,-9./01896, ./2,311456.658/, 7.859,
9:;<=>#?@#ABCDE#FGEGHI?J?JK#ELG#MNMO#EPQG#RHCI#ELG#R?SG#GTEGJ@?CJU#R?H@E#RGV#VCHF@#CR# ELG#R?SGU#A#WCJR?KDHAE?CJ#R?SGU#AJF#QC@@?BSP#CELGH#@CDHWG@X## # 9:;<=Y#?@#RCH#A#ZAH?GEP#CR#I?@WGSSAJGCD@#EA@[@U#@DWL#A@#BD?SF?JK#A#D@GH#QHCR?SG#CH# KAELGH?JK#WGHEA?J#@EAE?@E?W@X# # 9:;<=\#?@#VLGHG#ELG#HG@DSE#?@#@GJE#BAW[#AJF#@EGQ#]^#IA[G@#AJ#GJEHP#?J#ELG#@P@EGI#SCK# RCH#AFI?J?@EHAE?ZG#QDHQC@G@X#_DWL#SCK@#WAJ#SAEGH#BG#I?JGF#RCH#ZASDABSG#?JRCHIAE?CJ# ABCDE#D@GH#BGLAZ?CHU#RCH#GTAIQSGU#ELG#CHFGH#?J#VL?WL#QGCQSG#AWWG@@#ELG#QAKG@X# # NR#ECC#IAJP#HG`DG@E@#WCIG#?J#GAWL#@GWCJFU#ELG#abc#V?SS#JCE#BG#ABSG#EC#LAJFSG#ELG# QHCWG@@?JK#SCAFU#JC#IAEEGH#LCV#IAJP#F?@[@#AHG#D@GF#?J#QAHASSGSX#dLG#@CSDE?CJ#?@#EC#AFF# ICHG#JCFG@#eWCIQDEGH@fU#QC@@?BSP#V?EL#HGQS?WAEGF#F?@[@#EC#AZC?F#LAZ?JK#ELG#F?@[@# BGWCIG#ELG#JGTE#BCEESGJGW[X#dL?@#SGAF@#EC#ELG#g;hi;h=jkhl=ICFGS#CR#m?KDHG#nX#o#RHCJE# GJF#@E?SS#AWWGQE@#?JWCI?JK#HG`DG@E@#BDE#@QHAP@#ELGI#CZGH#IDSE?QSG#abc@#HAELGH#ELAJ# IDSE?QSG#ELHGAF@#EC#HGFDWG#ELG#SCAF#CJ#GAWL#WCIQDEGHX#dLG#?JF?Z?FDAS#IAWL?JG@#IAP# ELGI@GSZG@#BG#IDSE?ELHGAFGF#AJF#Q?QGS?JGF#A@#BGRCHGX#
pqrsh;=>t==u=g;hi;h=jkhlv=
=
wJG#QHCBSGI#V?EL#@GHZGH#RAHI@#?@#ELAE#ELGHG#?@#JC#SCJKGH#A#@LAHGF#WAWLG#BGWAD@G#GAWL# QHCWG@@?JK#JCFG#LA@#?E@#CVJ#IGICHP#DJSG@@#AJ#GTQGJ@?ZG#@LAHGFxIGICHP# IDSE?QHCWG@@CH#?@#D@GFX#wJG#VAP#EC#WCDJEGH#EL?@#QGHRCHIAJWG#SC@@#?@#EC#LAZG#A#RHCJE# GJF#[GGQ#EHAW[#CR#VLGHG#?E#@GJF@#GAWL#HG`DG@E#AJF#@GJF#@DB@G`DGJE#HG`DG@E@#RCH#ELG# @AIG#QAKG#EC#ELG#@AIG#JCFGX#yC?JK#EL?@#IA[G@#GAWL#JCFG#A#@QGW?AS?@E#?J#WGHEA?J#QAKG@# @C#ELAE#WAWLG#@QAWG#?@#JCE#VA@EGF#BP#LAZ?JK#GZGHP#R?SG#?J#GZGHP#WAWLGX#oJCELGH# QHCBSGI#V?EL#@GHZGH#RAHI@#?@#ELAE#ELG#WS?GJEz@#dab#WCJJGWE?CJ#EGHI?JAEG@#AE#ELG#RHCJE# GJFU#@C#ELG#HGQSP#ID@E#KC#ELHCDKL#ELG#RHCJE#GJFX#dL?@#@?EDAE?CJ#?@#FGQ?WEGF#?J#m?KDHG# 2eAfU#VLGHG#ELG#?JWCI?JK#HG`DG@E#e]f#AJF#CDEKC?JK#HGQSP#e{f#BCEL#QA@@#ELHCDKL#ELG# RHCJE#GJFX# # _CIGE?IG@#A#EH?W[U#WASSGF#|}~= k jjU#?@#D@GF#EC#KGE#AHCDJF#EL?@#QHCBSGIX# ?EL#EL?@# EH?W[U#ELG#dab#GJF#QC?JE#?@#QA@@GF#EC#ELG#QHCWG@@?JK#JCFG#@C#?E#WAJ#HGQSP#F?HGWESP#EC#ELG# WS?GJEU#@LCVJ#?J#m?KDHG#2eBfX#dL?@#LAJFCRR#?@#FCJG#?J#A#VAP#ELAE#?@#EHAJ@QAHGJE#EC#ELG# WS?GJEX#
=
pqrsh;=Yt== k = hlk =h; s;g: h;< =l;ggkr;=g; s; ;v= =9; s; ;= ; =|}~= k jj=qg= sg; v=
12#
0!
34456 789:;$<:=>$<;?@AB:;$C;D>DEDF$G7<<CH$IA$JA:K$L?I@F8$>D$>;?@AB:;$K?>?$D@$MD;FK$MIK:$ M:NO$<P:$EDLL?@KA$B;DL$>P:$EFI:@>$?;:$:LN:KK:K$I@$?$;:QJ:A>$L:AA?R:$O<P:$ED@>:@>A$ DB$>P:$;:QJ:A>$L:AA?R:$?;:$:LN:KK:K$I@$?$;:A9D@A:$L:AA?R:O$7<<C$JA:A$>P:$A:;SIE:A$ DB$<TC$?>$9D;>$UVO$ $ 7<<C$IA$?$A>?>:F:AA$9;D>DEDF$AI@E:$:?EP$>;?@A?E>ID@$IA$I@K:9:@K:@>$DB$>P:$9;:SIDJA$ >;?@A?E>ID@O$<P:$<TC$ED@@:E>ID@$N:>W::@$>P:$EFI:@>$?@K$>P:$A:;S:;$IA$:A>?NFIAP:K$BD;$ :S:;8$9?R:O$X>$KD:A$@D>$;:L:LN:;$?@8>PI@R$?NDJ>$>P:$9;:SIDJA$;:QJ:A>O$Y::9I@R$7<<C$ A>?>:F:AA$W?A$?IL:K$?>$L?ZI@R$>P:$M:N$AIL9F:O$ $ [?L9F:$7<<C$;:QJ:A>$?@K$;:A9D@A:$>;?@A?E>ID@$IA$APDW@$N:FDW\$
]^_`ab6cd6634456abe`bfg6hij6abfklifb6
566789*+8,-./*012.
$
mA$APDW@$I@$BIRJ;:$3$?NDS:n$>P:$op<$EDLL?@K$;:QJ:A>A$>P:$W:N$A:;S:;$?>$ WWWOL8A:;S:;OEDL$BD;$?@$IL?R:$BIF:$IL?R:q$O<P:$7<<CrqOV$I@KIE?>:A$>P?>$>P:$ N;DWA:;$JA:A$>P:$qOV$S:;AID@$DB$>P:$7<<C$9;D>DEDFO$ $ <P:$BI;A>$FI@:$DB$;:A9D@A:$I@KIE?>:A$>P?>$>P:$A:;S:;$IA$?FAD$JAI@R$7<<C$S:;AID@$qOV$O>P:$ ;:>J;@$EDK:$DB$sVV$I@KIE?>:A$>P?>$>P:$A:;S:;$9;DE:AA:K$>P:$;:QJ:A>$AJEE:AABJFF8O$ t:QJ:A>$L:AA?R:$E?@$N:$DB$BDFFDWI@R$>89:A\$ $ ubgvlj6 wxg^li6 op<$ t:QJ:A>A$?$KDEJL:@>$B;DL$>P:$A:;S:;$ 7pmy$ t:QJ:A>$I@BD;L?>ID@$?NDJ>$>P:$KDEJL:@>$NJ>$@D>$>P:$ KDEJL:@>$I>A:FBz$IO:O$P:?K$DB$>P:$7<{|$9?R:$ C}[<$ [:@KA$ADL:$I@BD;L?>ID@$B;DL$EFI:@>$>D$A:;S:;O$X>$?99:@KA$ >P:$K?>?$>D$>P:$:=IA>I@R$KDEJL:@>O$ C~<$ [:@KA$?$KDEJL:@>$B;DL$>D$A:;S:;O$X>$;:9F?E:A$>P:$:=IA>I@R$ KDEJL:@>O$$ <tmTp$ pEPD:A$>P:$I@EDLI@R$;:QJ:A>$ T} pT<$ t:A:;S:K$ }C<X} $ p@QJI;:$?NDJ>$?S?IF?NF:$D9>ID@A$ !
23$
456789*+,-9./01896, ./2,311456.658/, 7.859,
9:;< =>=?@ABCD?EFGD>E
HIJKLMNOPK#QRPIS#NM#TUVWXYS#RZ#PL#PZ#[ON\O#LN#PLZ#QRO]#^ROZS#_RZ#`JJO#RMNaOb#^NM#NcJM# L\N#bJKRbJZd#eJ^NMJ#fgg2S#PL#\RZ#QNZLI]#aZJb#PO#RKRbJQPRd#haMPOi#L_J#fgg2ZS#PL# `JKRQJ#[ON\O#LN#L_J#ja`IPK#RL#IRMiJ#ROb#iMJ\#JkjNOJOLPRII]#LN#L_J#jNPOL#\_JMJ#L_J# OaQ`JM#N^#JlQRPIZ#ZJOL#jJM#bR]#ON\#PZ#cRZLI]#QNMJ#L_RO#L_J#OaQ`JM#N^#mnWXYEVWXYEoPdJdS# jRjJMp#IJLLJMZd# # HlQRPIS#IP[J#QNZL#NL_JM#^NMQZ#N^#KNQQaOPKRLPNOS#_RZ#PLZ#N\O#KNOcJOLPNOZ#ROb#ZL]IJZd# qO#jRMLPKaIRMS#PL#PZ#cJM]#PO^NMQRI#ROb#_RZ#R#IN\#L_MJZ_NIb#N^#aZJd#rJNjIJ#\_N#\NaIb# OJcJM#bMJRQ#N^#KRIIPOi#aj#NM#JcJO#\MPLPOi#R#IJLLJM#LN#R#sJM]#qQjNMLROL#rJMZNO#bN#ONL# _JZPLRLJ#^NM#R#ZJKNOb#LN#ZJOb#R#ZINjjPI]l\MPLLJO#JlQRPId# # HlQRPI#PZ#^aII#N^#tRMiNO#ZaK_#RZ#euv#oe]#u_J#vR]pS#wxuyz#owNIIPOi#xO#u_J#yINNM# zRai_POipS#ROb#q{|x#oqO#{]#|aQ`IJ#xjPOPNOpd#{RO]#jJNjIJ#RIZN#aZJ#IPLLIJ#}~ qq# Z]Q`NIZ#KRIIJb#mVXYT mENM#TV X nmEPO#L_JPM#JlQRPId## u_J#^PMZL#JlQRPI#Z]ZLJQZ#ZPQjI]#KNOZPZLJb#N^#^PIJ#LMROZ^JM#jMNLNKNIZS#\PL_#L_J# KNOcJOLPNO#L_RL#L_J#^PMZL#IPOJ#N^#JRK_#QJZZRiJ#oPdJdS#^PIJp#KNOLRPOJb#L_J#MJKPjPJOL Z# RbbMJZZd#}Z#LPQJ#\JOL#NOS#L_J#IPQPLRLPNOZ#N^#L_PZ#RjjMNRK_#`JKRQJ#QNMJ#N`cPNaZd# ~NQJ#N^#L_J#KNQjIRPOLZ#\JMJ#RZ#^NIIN\Z # fd ~JObPOi#R#QJZZRiJ#LN#R#iMNaj#N^#jJNjIJ#\RZ#POKNOcJOPJOLd#{RORiJMZ#N^LJO#OJJb# L_PZ#^RKPIPL]#LN#ZJOb#QJQNZ#LN#RII#L_JPM#Za`NMbPORLJZd# d {JZZRiJZ#_Rb#ON#POLJMORI#ZLMaKLaMJS#QR[POi#KNQjaLJM#jMNKJZZPOi#bP^^PKaILd#yNM# JkRQjIJS#P^#R#^NM\RMbJb#QJZZRiJ#\RZ#POKIabJb#PO#L_J#`Nb]#N^#RONL_JM#QJZZRiJS# JkLMRKLPOi#L_J#^NM\RMbJb#jRML#^MNQ#L_J#MJKJPcJb#QJZZRiJ#\RZ#bP^^PKaILd# d u_J#NMPiPORLNM#oZJObJMp#OJcJM#[OJ\#P^#R#QJZZRiJ#RMMPcJb#NM#ONLd# d q^#ZNQJNOJ#\RZ#jIROOPOi#LN#`J#R\R]#NO#`aZPOJZZ#^NM#ZJcJMRI#\JJ[Z#ROb#\ROLJb# RII#POKNQPOi#JlQRPI#LN#`J#_RObIJb#`]#_PZ#ZJKMJLRM]S#L_PZ#\RZ#ONL#JRZ]#LN#RMMROiJd# d u_J#aZJM#POLJM^RKJ#\RZ#jNNMI]#POLJiMRLJb#\PL_#L_J#LMROZQPZZPNO#Z]ZLJQ#MJ aPMPOi# aZJMZ#^PMZL#LN#JbPL#R#^PIJS#L_JO#IJRcJ#L_J#JbPLNM#ROb#POcN[J#L_J#^PIJ#LMROZ^JM# jMNiMRQd# d qL#\RZ#ONL#jNZZP`IJ#LN#KMJRLJ#ROb#ZJOb#QJZZRiJZ#KNOLRPOPOi#R#QPkLaMJ#N^#LJkLS# bMR\POiZS#^RKZPQPIJS#ROb#cNPKJd#
9:;: <G X T TEWn E T X TmE
qO#L_PZ#ZJKLPNO#\J#\PII#jMNcPbJ#RO#NcJMcPJ\#N^#\_RL#JlQRPI#Z]ZLJQZ#KRO#bN#ROb#_N\# L_J]#RMJ#NMiROP Jbd#u_J]#ONMQRII]#KNOZPZL#N^#L\N#Za`Z]ZLJQZ #L_J# mT EW Tn mS#\_PK_# RIIN\#jJNjIJ#LN#MJRb#ROb#ZJOb#JlQRPIS#ROb#L_J#VTmmW TE Wnm T EW Tn mS#\_PK_#QNcJ# L_J#QJZZRiJZ#^MNQ#L_J#ZNaMKJ#LN#L_J#bJZLPORLPNOd#u_J#aZJM#RiJOLZ#RMJ#INKRI#jMNiMRQZ# L_RL#jMNcPbJ#R#KNQQRObl`RZJbS#QJOal`RZJbS#NM#iMRj_PKRI#QJL_Nb#^NM#POLJMRKLPOi#\PL_# L_J#JlQRPI#Z]ZLJQd#u_J#QJZZRiJ#LMROZ^JM#RiJOLZ#RMJ#L]jPKRII]#Z]ZLJQ# WTV nmS#L_RL#PZS# jMNKJZZJZ#L_RL#MaO#PO#L_J#`RK[iMNaObd#u_JPM#tN`#PZ#LN#QNcJ#JlQRPI#L_MNai_#L_J#Z]ZLJQd# u]jPKRII]S#JlQRPI#Z]ZLJQZ#ZajjNML# X TE WmX E n X nmd# # ? V mX X nEMJ^JMZ#LN#L_J#jMNKJZZ#N^#KMJRLPOi#QJZZRiJZ#ROb#ROZ\JMZd#}IL_Nai_#RO]# LJkL#JbPLNM#KRO#`J#aZJb#^NM#L_J#`Nb]#N^#L_J#QJZZRiJS#L_J#Z]ZLJQ#PLZJI^#KRO#jMNcPbJ# RZZPZLROKJ#\PL_#RbbMJZZPOi#ROb#L_J#OaQJMNaZ#_JRbJM#^PJIbZ#RLLRK_Jb#LN#JRK_#QJZZRiJd# yNM#JkRQjIJS#\_JO#ROZ\JMPOi#R#QJZZRiJS#L_J#JlQRPI#Z]ZLJQ#KRO#JkLMRKL#L_J# 12#
0!
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`5;9$57$T@5A@$ A37>54?89537$3>$<=C5N=4E$5;$5?F349879$87<$?8E$=N=7$@8N=$C=68C$;5675>5A87A=$a:\=CCP$ b3D4$c3734P$?E$=B?85C$;E;9=?$5;$739$N=4E$4=C58RC=P$;3$O$6D=;;$9@=$=C=A94375A$;DRF3=78$ ^D;9$639$C3;9$;3?=T@=4=:dG$ $ eYfVghiYZ[M57A3?576$?=;;86=;$5;$7==<=<$;3$F=3FC=$A87$4=8<$9@=54$=B?85CG$j3?=95?=;$ A37N=4;537$5;$4=QD54=<$34$8$;F=A58C$N5=T=4$?D;9$R=$57N3k=<P$>34$=`8?FC=P$5>$9@=$ ?=;;86=$5;$8$l3;9jA45F9$>5C=$34$<56595m=<$N35A=G$j5?FC=$A37N=4;537;$87<$>34?899576$84=$ ;3?=95?=;$899=?F9=<$8;$T=CCG$ $ eYfVWfYXYWZM5;$9@=$>578C$;9=F$87<$A37A=47;$T@89$9@=$4=A5F5=79$<3=;$T59@$9@=$?=;;86=$ 8>9=4$4=A=5N576$59G$l3;;5R5C595=;$57ACD<=$9@43T576$59$8T8E$R=>34=$4=8<576P$9@43T576$59$ 8T8E$8>9=4$4=8<576P$;8N576$59P$87<$;3$37G$O9$;@3DC<$8C;3$R=$F3;;5RC=$93$4=945=N=$87<$ 4=4=8<$;8N=<$?=;;86=;P$>34T84<$9@=?P$34$F43A=;;$9@=?$57$39@=4$T8E;G$ $ O7$8<<59537$93$9@=;=$R8;5A$;=4N5A=;P$;3?=$=B?85C$;E;9=?;P$=;F=A58CCE$579=478C$A34F3489=$ 37=;P$F43N5<=$8$N845=9E$3>$8<N87A=<$>=89D4=;G$n=9$D;$^D;9$R45=>CE$?=79537$8$>=T$3>$ 9@=;=G$\@=7$F=3FC=$?3N=$34$T@=7$9@=E$84=$8T8E$>34$;3?=$F=453<$3>$95?=P$9@=E$?8E$ T879$9@=54$=B?85C$>34T84<=<P$;3$9@=$;E;9=?$;@3DC<$R=$8RC=$93$<3$9@5;$8D93?895A8CCEG$ o3;9$;E;9=?;$8CC3T$D;=4;$93$A4=89=$phYgqWrKfM93$;934=$57A3?576$=B?85CG$s3??87<;$ 84=$7==<=<$93$A4=89=$87<$<=;943E$?85CR3`=;P$57;F=A9$9@=$A379=79;$3>$?85CR3`=;P$57;=49$ 87<$<=C=9=$?=;;86=;$>43?$?85CR3`=;P$87<$;3$37G$ $ s34F3489=$?8786=4;$3>9=7$7==<$93$;=7<$8$?=;;86=$93$=8A@$3>$9@=54$;DR34<5789=;P$ AD;93?=4;P$34$;DFFC5=4;G$S@5;$65N=;$45;=$93$9@=$5<=8$3>$8$phYgYZ[MgYfXP$T@5A@$5;$8$C5;9$3>$ =B?85C$8<<4=;;=;G$\@=7$8$?=;;86=$5;$;=79$93$9@=$?85C576$C5;9P$5<=795A8C$A3F5=;$84=$ <=C5N=4=<$93$=N=4E37=$37$9@=$C5;9G$
566789*+8,-./*012.
tuvuwxyzKM{fKLM|[KZXM
}B?85C$;E;9=?;$@8N=$9T3$R8;5A$F849;P$8;$T=$@8N=$;==7~$XzKM fKLMh[KZXf$87<$XzKM pKffh[KMXLhZfJKLMh[KZXfG$O7$9@5;$;=A9537P$T=$T5CC$C33k$89$9@=$D;=4$86=79;G$ $D;=4$86=79$ 5;$734?8CCE$8$F43648?$a;3?=95?=;$A8CC=<$8$?85C$4=8<=4d$9@89$8AA=F9;$8$N845=9E$3>$ A3??87<;$>34$A3?F3;576P$4=A=5N576P$87<$4=FCE576$93$?=;;86=;P$8;$T=CC$8;$>34$ ?875FDC89576$?85CR3`=;G$j3?=$D;=4$86=79;$@8N=$8$>87AE$?=7DB$34$5A37B<45N=7$ 579=4>8A=$9@89$4=QD54=;$8$?3D;=P$T@=4=8;$39@=4;$=`F=A9$3BA@848A9=4$A3??87<;$>43?$9@=$ k=ER384<G$ D7A95378CCEP$9@=;=$84=$9@=$;8?=G$j3?=$;E;9=?;$84=$?=7DB34$5A37B<45N=7$ RD9$8C;3$@8N=$k=ER384<$;@349AD9;G$ KZ YZ[M phYgM S3$;=7<$87$=B?85C$?=;;86=P$8$D;=4$?D;9$F43N5<=$9@=$?=;;86=P$9@=$<=;95789537$8<<4=;;P$ 87<$F3;;5RCE$;3?=$39@=4$F848?=9=4;G$$ UKh YZ[M phYgM SEF5A8CCEP$T@=7$8$D;=4$86=79$5;$;9849=<$DFP$59$C33k;$89$9@=$D;=4:;$?85CR3`$>34$57A3?576$ =B?85C$R=>34=$<5;FC8E576$87E9@576$37$9@=$;A4==7G$S@=7$59$?8E$8773D7A=$9@=$7D?R=4$3>$ !
23$
456789*+,-9./01896, ./2,311456.658/, 7.859,
9:;;<=:;#>?#@A:#9<>BCDE#DF#G>;HB<I#<#D?:JB>?:#;K99<FI#DL#:<MA#D?:#<?G#N<>@#LDF#<# MD99<?GO# PQRSTUVWXVWTYPZ[\]VTQ^Z]TRW^_U`VWTSWabaca]dT eDF#:9<>B#9:;;<=>?=f#:g:FI#GD9<>?#9<>?@<>?;#<?#:9<>B#;:Fg:FO#hA:#;:Fg:F#FK?;# HFD@DMDB;#;DL@N<F:#@A<@#:?<CB:#:9<>B#MD99K?>M<@>D?O#hA:F:#<F:#@ND#9<>?#:9<>B;# HFD@DMDB;i#jkj#<?G#lmhjO#n:M<K;:#CD@A#@A:#:9<>B#HFD@DMDB#;DL@N<F:#HFD=F<9;#FK?#D?# ;:Fg:F#MD9HK@:F;f#@A:#;:Fg:F#MD9HK@:F;#<F:#@A:9;:Bg:;#M<BB:G#jkj#;:Fg:F#<?G#lmhj# ;:Fg:FO#o#;>?=B:#;:Fg:F#M<?#AD;@#CD@A#@A:#jkj#<?G#lmhj#;:Fg:F#HFD=F<9;O# lmhj#>;#@A:#p?@:F?:@#HFD@DMDB#K;:G#@D#@F<?;L:F#:B:M@FD?>M#9<>B#C:@N::?#MD9HK@:F;O# hA:#;:MD?G#=:?:F<@>D?#DL#lmhj#>;#M<BB:G#qlmhj#rLDF#qE@:?G:G#lmhjsf#CK@#@A:# G>LL:F:?M:;#<F:#?D@#>9HDF@<?@#LDF#@A>;#>?@FDGKM@>D?O## # p@#<M@K<BBI#@F<?;L:F;#@A:#:9<>B#9:;;<=:#LFD9#@A:#lmhj#;:Fg:F#DL#@A:#;:?G:F#@D#@A:# lmhj#;:Fg:F#DL#@A:#F:M>H>:?@O#p@;#9<>?#tDC#>;#@D#M<FFI#@A:#9:;;<=:#C:@N::?#@A:#;:?G:F# <?G#@A:#F:M:>g:FO#p@#K;:;#hujvpj#K?G:F?:<@AO#hA<@#>;f#>@#FK?;#D?#@DH#DL#hujvpjO# o@#@A:#;:?G:Fw;#;>@:f#<?#lmhj#;:Fg:F#@<x:;#@A:#9:;;<=:#;:?@#CI#<#K;:Fw;#MD9HK@:FO# hA:#lmhj#;:Fg:F#<@#@A:#;:?G:Fw;#:?G#@A:?#@F<?;L:F;#@A:#9:;;<=:#@D#@A:#lmhj#;:Fg:F#DL# @A:#F:M>H>:?@O# # hA:#lmhj#;:Fg:F#<@#@A:#F:M>H>:?@w;#:?G#@<x:;#@A:#9:;;<=:#<?G#;@DF:;#>@#>?#@A:# <HHFDHF><@:#K;:Fw;#9<>BCDEO#
yTTTTTz{Vc|T}a~WTSWa WVUUT T
O l:B:M@#@A:#F>=A@#MAD>M:## <s p?@:F?:@w;#>?>@><B#G:g:BDH9:?@#N<;#;KHHDF@:G#CIi# ros#o jo qh# rns#n>BB# D=:F;# rus#n>BB# <@:;# r s#m>MFD;DL@# # # Cs A<@#<F:#@A:#K;:;#DL#@A:#p?@:F?:@ # ros#uD99K?>M<@>D?# rns#p?LDF9<@>D?# :@F>:g<B# rus#jF:;:?@<@>D?#DL#p?LDF9<@>D?## r s#oBB#DL#@A:#<CDg:# # # Ms ?:@#GD9<>?#>;#K;:G#LDF# ros#qGKM<@>D?<B#>?;@>@K@>D?# rns#p?@:F?:@#>?LF<;@FKM@KF:#<?G#;:Fg>M:#HFDg>G:F;# rus#p?@:F?<@>D?<B#DF=<?> <@>D?;# r s# D?:#DL#@A:#<CDg:# # # 2O >LL:F:?@><@:#C:@N::?#A@@H#<?G#L@HO#
12#
0!
33333333333333333333333333333333$ 33333333333333333333333333333333$
566789*+8,-./*012.
4567 89::;<=>
?@AB$CDEFGHIHB$DJK$LABCJBBADM$DM$I@H$NFFGACNIADM$GNOHKP$$QMCGJLH$ALHMIAROAMS$ CDEEJMACNIADM$FNKIMHKBT$LHIHKEAMAMS$KHBDJKCH$NUNAGNVAGAIOT$NML$BOMC@KDMAWAMS$ CDEEJMACNIADMP$X@HM$ALHMIAROAMS$CDEEJMACNIADM$FNKIMHKBT$I@H$NFFGACNIADM$GNOHK$ LHIHKEAMHB$I@H$ALHMIAIO$NML$NUNAGNVAGAIO$DR$CDEEJMACNIADM$FNKIMHKB$RDK$NM$NFFGACNIADM$ YAI@$LNIN$ID$IKNMBEAIP$X@HM$LHIHKEAMAMS$KHBDJKCH$NUNAGNVAGAIOT$I@H$NFFGACNIADM$GNOHK$ EJBI$LHCALH$Y@HI@HK$BJRRACAHMI$MHIYDKZ$DK$I@H$KH[JHBIHL$CDEEJMACNIADM$H\ABIBP$?@H$ JMAI$UHKO$YHGG$LHRAMHB$I@H$CDMCHFI$DR$]^_$NML$UNKADJB$AMIHKMHI$NML$CDEEJMACNIADM$ KHGNIHL$ABBJHB$GAZH$YYYT$HENAGAMS$BOBIHET$`?aT$?HGMHI$HICP$?D$ZMDY$RJKI@HK$NVDJI$ LARRHKHMI$NFFGACNIADM$GNOHK$FKDIDCDG$BIJLHMIB$ENO$KHRHK$ID$I@H$CDJKBH$ENIHKANG$DR$bc_d efgh$^HIYDKZ$aKDSKNEEAMS$NML$iLEAMABIKNIADM$
45jk><lml<lnol8pm9<qrl<><l;stnu>
vPwQMIKDLJCIADM$ID$]NIN$cDEEJMACNIADM$x$^HIYDKZAMST$3KL$yLAIADMT$bH@KDJW$ `DKDJWNMT$?NIN$zC{KNY$|AGGP$ gPwcDEFJIHK$^HIYDKZBT$iP$_P$?NMHMVNJE$}I@$yLAIADMT$aKNCIACH$|NGG$DR$QMLANT$^HY$ ]HG@AP$gee3P$ 3Pw]DJSGNB$yP$cDEHKT$QMIHKMHIYDKZAMS$YAI@$?ca~Qa$ DGPvh$aKAMCAFGHBT$aKDIDCDGBT$NML$ iKC@AIHCIJKH$ }I@$yLAIADM P$$ }Pw NEHB$`P$ JKDBHT$cDEFJIHK$^HIYDKZAMSh$i$?DFd]DYM$iFFKDNC@$`HNIJKAMS$I@H$ QMIHKMHI$ 3KL$yLAIADM P$$ fPw NKKO$ P$aHIHKBDMT$cDEFJIHK$^HIYDKZBh$i$_OBIHEB$iFFKDNC@T$3KL$yLAIADM$ ?@H$ zDKSNM$ NJRENMM$_HKAHB$AM$^HIYDKZAMS P$$ PwYYYP$YAZAFHLANPDKS$ 2PwXP$ AC@NKL$_IHUHMBT$?@H$aKDIDCDGB$ ?ca~Qa$QGGJBIKNIHLT$ DGJEH$v P$ PwXAGGANE$_INGGAMSBT$]NIN$NML$cDEFJIHK$cDEEJMACNIADMBT$_HUHMI@$yLAIADMP$
45jj>8 9qt n8>p>;n8 l<8> >>>>>o >= > >j>
vPw $ $ gPw
!
N $ ]$ V $ b$ C $ c$ zNMNSAMS$N$GNKSH$NML$CDMBINMIGO$C@NMSAMS$BHI$DR$MNEHB$AB$N$MDMIKAUANG$FKDVGHEP$ QM$I@H$FDBING$BOBIHET$MNEH$ENMNSHEHMI$AB$LDMH$VO$KH[JAKAMS$GHIIHKB$ID$BFHCARO$ AEFGACAIGO$DK$H\FGACAIGO $I@H$CDJMIKOT$BINIH$DK$FKDUAMCHT$CAIOT$NML$BIKHHI$NLLKHBB$ DR$I@H$NLLKHBBHHP$cDMCHFIJNGGOT$I@H$QMIHKMHI$AB$LAUALHL$AMID$DUHK$gee$IDFdGHUHG$ T$Y@HKH$HNC@$LDENAM$CDUHKB$ENMO$@DBIBP$yNC@$LDENAM$AB$FNKIAIADMHL$ AMID$BJV$LDENAMBT$NML$I@HBH$NKH$RJKI@HK$FNKIAIADMHLT$NML$BD$DMP$iGG$I@HBH$ LDENAMB$CNM$VH$KHFKHBHMIHL$VO$N$IKHHP$?@H$IDFdGHUHG$LDENAMB$CDEH$AM$IYD$ RGNUDKBh$ $NML$ P$ 23$
456789*+,-9./01896, ./2,311456.658/, 7.859,
9:; <#=>?@AB#?CDB#=BEFBE#GHIAJ#GH?KC>?#KLB#B?K>EB#MNO#JCKCPC=B#C?J#EB=QH?J#KH#CAA# RIBE>B=#CPHIK#>K:#S?#QECGK>GBT#KL>=#=BEFBE#UHIAJ#PB#=H#HFBEAHCJBJ#C=#KH#PB#I=BAB==:# VIEKLBEDHEBT#>W#>K#BFBE#UB?K#JHU?T#KLB#B?K>EB#S?KBE?BK#UHIAJ#PB#GE>QQABJ:#XH# CFH>J#KLB#QEHPABD=#C==HG>CKBJ#U>KL#LCF>?@#H?AY#C#=>?@AB#=HIEGB#HW#>?WHEDCK>H?T# KLB#MNO#?CDB#=QCGB#>=#J>F>JBJ#>?KH#?H?ZHFBEACQQ>?@#[\]^_:#<#`H?B#U>AA#LCFB# H?B#QE>DCEY#?CDB#=BEFBET#UL>GL#@BK=#>K=#>?WHEDCK>H?#WEHD#C#W>AB#H?#>K=#J>=aT#C?J# H?B#HE#DHEB#=BGH?JCEY#?CDB#=BEFBE=T#UL>GL#@BK#KLB>E#>?WHEDCK>H?#WEHD#KLB# QE>DCEY#?CDB#=BEFBE:#XH#>DQEHFB#EBA>CP>A>KYT#=HDB#=BEFBE=#WHE#C#`H?B#GC?#PB# AHGCKBJ#HIK=>JB#KLB#`H?B:#
bcccccde^fgch\ijckj\lj^__cmc
n:; Co# pqo# # Po# p<o# r:; XUH#Xqs#GH??BGK>H?=#>?#VXs#CEBt# >o; ue^cf\]vj\wcf\]]^fvx\]#>=#B=KCPA>=LBJ#>?#KLB#?HEDCA#GA>B?KZ=BEFBE# WC=L>H?:#S?#KL>=#GC=BT#KLB#=BEFBE#JHB=#C#yz{{|}~ y~ p>=#A>=KB?>?@o#H?#QHEK# rn#WHE#VXsT#C?J#UC>K=#WHE#KLB#GA>B?K#GH??BGK>H?:#XLB#GA>B?K#JHB=#C?#z |}~ y~ pKLBr?J#LC?J=LCaB#>?#C#Xqs#GH??BGK>H?o#KH#B=KCPA>=L#KLB#GH?KEHA# GH??BGK>H?:#XLB#GA>B?K#I=B=#C?#BQLBDBECA#QHEK#?IDPBE#pCPHFB#n r9o#WHE# KLB#GH?KEHA#GH??BGK>H?:#XL>=#GH?KEHA#GH??BGK>H?#=KCY=#IQ#WHE#KLB#B?K>EB# K>DB#KLCK#KLB#GA>B?K#GHDDI?>GCKB=#U>KL#KL>=#=BEFBE:#XL>=#GH??BGK>H?#>=# I=BJ#WHE#GHDDC?J=#WEHD#KLB#GA>B?K#KH#KLB#=BEFBE#C?J#WHE#KLB#=BEFBE =# EBQA>B=:#XLB#Ss#KYQB#HW#=BEF>GB#WHE#KLB#GH?KEHA#GH??BGK>H?#=LHIAJ#PB#KH# D>?>D>`B#JBACY#>?#QC==>?@#KLB=B#GHDDC?J=#HFBE#KLB#Xqs#GH??BGK>H?:# >>o; c v cf\]]^fvx\]#>=#GEBCKBJ#BCGL#K>DB#C#W>AB#>=#KEC?=WBEEBJ#PBKUBB?#KLB# GA>B?K#C?J#KLB#=BEFBE:#XLB#Ss#KYQB#HW#=BEF>GB#WHE#KLB#JCKC#GH??BGK>H?# =LHIAJ#PB#KH#DC >D>`B#KLEHI@LQIK#=>?GB#KL>=#GH??BGK>H?#>=#W>AB#KEC?=WBET# C?J#UB#UC?K#KH#=B?J#KL>=#B?K>EB#W>AB#HFBE#C#L>@L#PC?JU>JKL#A>?B:#XLB# =QBG>W>GCK>H?#HW#VXs#>?GAIJB=#DHEB#KLC?#9 #J>WWBEB?K#GHDDC?J=T#UL>GL# CEB#KEC?=D>KKBJ#HFBE#KLB#GH?KEHA#GH??BGK>H?#>?#N X#<OqSS#WHEDCK:#XLB# GHDDC?J=#CEB#?HK#GC=BZ=B?=>K>FB#C?J#DCY#LCFB#CE@IDB?K= #BCGL# GHDDC?J#B?J=#U>KL#C#KUH#GLCECGKBE#=BRIB?GB#HW#C#GCEE>C@B#EBKIE?#pq o# WHAAHUBJ#PY#C#A>?B#WBBJ#p Vo:#SK#DI=K#PB#BDQLC=>`BJ#LBEB#KLCK#KLB=B# GHDDC?J=#CEB#J>WWBEB?K#WEHD#KLB#GHDDC?J=#KYQBJ#PY#KLB#I=BE#CK#KLB# >?KBEWCGB#QEHF>JBJ#PY#KLB#GA>B?K:#XEC?=WBEE>?@#C#=>?@AB#W>AB#WHE#>?=KC?GB# EBRI>EB=#H?AY#C#=>?@AB#I=BEZABFBA#GHDDC?J#pB:@:T#y HE# ~ oT#PIK#KL>=#=>?@AB# GHDDC?J#KE>@@BE=#KLB#GA>B?K#KH#=B?J#C#=BK#HW#VXs#GHDDC?J=#KH#KLB#=BEFBE:# XLB#VXs#=BEFBE#EB=QH?J=#KH#BCGL#GHDDC?J#U>KL#C#KLEBBZJ>@>K#EBQAY#GHJB# pWHE#KLB#VXs#GA>B?Ko#C?J#C?#HQK>H?CA#KB K#DB==C@B#pWHE#KLB#I=BEo:# # 9:; d\] xlij vx\]c ] l^ ^]vc=Y=KBD#DI=K#a?HUT#CK#C?Y#K>DBT#KLB#=KCKI=#HW#BCGL# B?K>KY#C?J#>K=#EBACK>H?#KH#HKLBE#B?K>K>B=:#qH?W>@IECK>H?#DC?C@BDB?K#GC?#PB# J>F>JBJ#>?KH#KUH#=IP=Y=KBD=t#EBGH?W>@IECK>H?#C?J#JHGIDB?KCK>H?:# # ^f\] xlij vx\]T#UL>GL#DBC?=#CJ I=K>?@#KLB#?BKUHEa#GHDQH?B?K=#C?J#WBCKIEB=T# GC?#PB#C#JC>AY#HGGIEEB?GB#>?#C#ACE@B#?BKUHEa:#XLBEB#CEB#KLEBB#KYQB=#HW# EBGH?W>@IECK>H?t#LCEJUCEB#EBGH?W>@IECK>H?T#=HWKUCEB#EBGH?W>@IECK>H?T#C?J#I=BEZ CGGHI?K#EBGH?W>@IECK>H?:# CEJUCEB#EBGH?W>@IECK>H?#GHFBE=#CAA#GLC?@B=#KH#KLB# LCEJUCEB:#VHE#B CDQABT#C#JB=aKHQ#GHDQIKBE#DCY#?BBJ#KH#PB#EBQACGBJ:#<#EHIKBE# DCY#?BBJ#KH#PB#DHFBJ#KH#C?HKLBE#QCEK#HW#KLB#?BKUHEa:#<#=IP#?BKUHEa#DCY#PB# CJJBJ#HE#EBDHFBJ#WEHD#KLB#?BKUHEa:# # XLB#HE>@>?CA#?BKUHEa#GH?W>@IECK>H?#C?J#BCGL#=IP=BRIB?K#GLC?@B#DI=K#PB# EBGHEJBJ#DBK>GIAHI=AY:#XL>=#DBC?=#KLCK#KLBEB#DI=K#PB#JHGIDB?KCK>H?#WHE# LCEJUCEBT#=HWKUCEBT#C?J#I=BE#CGGHI?K=:# j j^c \fi ^]v vx\]c?HEDCAAY# 12#
0!
34567589$:;6$98:9$6<$=6>?@84:9A$@BC9$B4=$9C8>3<3>B:3649D$EBC9$:FB>G$8B>H$C38>8$ 6<$HBF=;BF8$B4=$3:9$>6448>:364$:6$:H8$48:;6FGD$IH8F8$>B4$J8$648$K848FB7$@BC$ :HB:$9H6;9$:H8$76K3>B7$F87B:3649H3C$J8:;884$8B>H$9?JL48:;6FGD$IH8F8$>B4$B796$J8$ B$98>64=$K848FB7$@BC$:HB:$9H6;9$:H8$CHM93>B7$76>B:364$6<$8B>H$9?JL48:;6FGD$N6F$ 8B>H$9?J$48:;6FGO$:H84O$:H8F8$BF8$648$6F$@6F8$@BC9$:HB:$9H6;$B77$C38>89$6<$ 8P?3C@84:D$IH8$@BC9$?98$96@8$G34=$6<$9:B4=BF=3QB:364$:6$J8$8B937M$F8B=$B4=$ ?4=8F9:66=$JM$>?FF84:$B4=$<?:?F8$C8F964487D$RB>H$C38>8$6<$HBF=;BF8$B796$488=9$ :6$J8$=6>?@84:8=D$IH8F8$@?9:$J8$B$98:$6<$9C8>3<3>B:3649$<6F$8B>H$C38>8$6<$ HBF=;BF8$>6448>:8=$:6$:H8$48:;6FG$
566789*+8,-./*012.
S.....TUVWXYZ[\]Y^][_]V``YaY
bDc Bd$ efd$ Jd$ egd$ >d$ ehd$ $ iDc NIj$B4=$kIIj$;8F8$=85876C8=$:6$@BG8$l4:8F48:$:FB49@399364$J8::8FD$NIj$39$ ?98=$:6$8m>HB4K8$<3789$J8:;884$>6@C?:8F$B>>6?4:9O$:6$:FB49<8F$<3789$J8:;884$B4$ B>>6?4:$B4=$B$=89G:6C$>6@C?:8F$e?C76B=dO$6F$:6$B>>899$96<:;BF8$BF>H3589$64$:H8$ l4:8F48:D$$l:n9$B796$>6@@647M$?98=$:6$=6;476B=$CF6KFB@9$B4=$6:H8F$<3789$:6$M6?F$ >6@C?:8F$<F6@$6:H8F$98F58F9D$$l:$:FB49<8F9$<3789$34$:;6$=3<<8F84:$<6F@B:9$fohll$ <6F$:8m:$<3789$B4=$p34BFM$<6F@B:$<6F$J34BFM$<3789D$IH39$B776;9$B$?98F$:6$C8F<6F@$ JB93>$<378$B4=$=3F8>:6FM$@B4BK8@84:$6C8FB:3649$9?>H$B9$=878:34KO$>6CM34KO$6F$ F84B@34KD$kIIj$39$?98=$CF3@BF37M$34$:6=BMq9$96>38:M$B9$B$98:$6<$F?789$<6F$ 8m>HB4K34K$<3789$e:8m:O$KFBCH3>$3@BK89O$96?4=O$53=86O$B4=$6:H8F$@?7:3@8=3B$<3789d$ 64$:H8$r6F7=$r3=8$r8JD$l:$B796$CF653=89$B>>899$:6$6:H8F$CF6:6>679$73G8$NIjO$ oEIjO$ssIjO$rfloO$t6CH8FO$I8748:O$B4=$Isui2vD$$R9984:3B7$>64>8C:9$:HB:$BF8$ CBF:$6<$kIIj$34>7?=8$eB9$3:9$4B@8$3@C7389d$:H8$3=8B$:HB:$<3789$>B4$>64:B34$ F8<8F84>89$:6$6:H8F$<3789$;H698$9878>:364$;377$873>3:$B==3:364B7$:FB49<8F$F8P?89:9D$ f4M$;8J$98F58F$@B>H348$>64:B349O$34$B==3:364$:6$:H8$kIEw$B4=$6:H8F$<3789$3:$ >B4$98F58O$B4$kIIj$=B8@64O$B$CF6KFB@$:HB:$39$=893K48=$:6$;B3:$<6F$kIIj$ F8P?89:9$B4=$HB4=78$:H8@$;H84$:H8M$BFF358D$ $ $
!
23$
456789)*+9,-./896 ,-01//234,6385,659
748+9 4:+;<=>1??58@1+8<4A A69B46B95 EFG HIJKLMNOJPLI EFQ RSTUOJPVUW EFX HIJUKIUJYZZ[PO\JPLIW
EFXFQ ]^\P[ EFXFX _`\JJPIa EFb cLOP\[dUJeLKfPIa EFbFQ h[LaW EFbFX RI[PIU^N[JPZ[\iUKa\^PIa EFbFb j\OUSLLf EFbFE]^UKaPIakKUIMW EFbFl_`\K\OJUKPWJPOWLmWLOP\[dUJeLKfPIa
EFE n\P[e\inUWUKV\JPLIciWJU^ EFl HImLK^\JPLIc`\KPIa EF2 ][UOJKLIPOpLVUKI\IOU EF1 RI[PIUqKLOUWWPIa\IM_L[[\SLK\JPLIW EFo rLSP[UYZZ[PO\JPLIW EFg cN^^\Ki EFQG nUmUKUIOUWsjNKJ`UKnU\MPIaW EFQQcL[NJPLIWsYIWeUKW
9Dt 84+=<u7@+8<4
?,C548.D 12 12 12 1g ol gQ gX gl go QGG QGG QGQ
HIJ`PWNIPJeU\KUOLIOUIJK\JPIaLIJ`UfPIMLm\ZZ[PO\JPLIWJ`\J\KUNWUMLI J`U8-659-56FHJPWJ`UZ\KJLmIUJeLKfZKLJLOL[vPIJ`UWUIWUJ`\JJ`UiUwO`\IaU ^UWW\aUWePJ`J`UPKZUUKWLILJ`UK^\O`PIUWx\IMZ\KJLmJK\MPJPLI\[\ZZ[PO\JPLI ZKLaK\^vPIJ`UWUIWUJ`\JJ`UiPIJUK\OJePJ`J`UePIMLePIaWiWJU^yJ`UmP[UWiWJU^y \IMN[JP^\JU[iyJ`UNWUKxFHJPIO[NMUWWL^ULmJ`U^LWJZLZN[\KIUJeLKf\ZZ[PO\JPLIW \V\P[\S[UJLM\izPfU{k`U|LK[M|PMU|US\IM]^\P[UJOF|U`\VU\[WLMPWONWWUM WL^ULmJ`UKU\[}JP^U\ZZ[PO\JPLIW[PfUWLOP\[IUJeLKfPIayO`\JJPIayn\P[e\i nUWUKV\JPLIWiWJU^yrLSP[UYZZ[PO\JPLIWUJOF
9D~ < :@+8 :A
YmJUKaLPIaJ`KLNa`J`PWNIPJiLNeP[[SU\S[UJL{ MUmPIUJ`U[LaPO\[WJKNOJNKULmJ`UHIJUKIUJYZZ[PO\JPLIW MUmPIUJ`UWJKNOJNKU\IMeLKfPIaLmIUJeLKf\ZZ[PO\JPLIW MUmPIUJ`UOLIOUZJLmPImLK^\JPLIW`\KPIa MPWONWWJ`US\WPOmU\JNKUWLm]}pLVUKI\IOU \IM MUmPIUJ`UV\KPLNWOL^ZLIUIJWLm^LSP[UYZZ[PO\JPLIW
9D 84+:=4:+1??58@1+8<4A
k`UHIJUKIUJPW\a[LS\[WiWJU^LmPIJUKOLIIUOJUMOL^ZNJUKIUJeLKfWJ`\JNWUWJ`U WJ\IM\KMHIJUKIUJZKLJLOL[WNPJUvLmJUIO\[[UMk_qsHqy\[J`LNa`ILJ\[[\ZZ[PO\JPLIWNWU k_qxJLWUKVUSP[[PLIWLmNWUKWeLK[MePMUFHJPW\IUJeLKfLmIUJeLKfWJ`\JHcrR ] Lm^P[[PLIWLmZKPV\JUyZNS[POy\O\MU^POySNWPIUWWy\IMaLVUKI^UIJIUJeLKfWyLm[LO\[ JLa[LS\[WOLZUyJ`\J\KU[PIfUMSi\SKL\M\KK\iLmU[UOJKLIPOyePKU[UWW\IMLZJPO\[ IUJeLKfPIaJUO`IL[LaPUWFk`UHIJUKIUJO\KKPUW\IUwJUIWPVUK\IaULmPImLK^\JPLI 12
123451623789321:;623<356=73>=2;8>21?@;8A29=BC21>2D>9465E28>34F>=2G41@9 G;92G2HIGGGJ789>=2;8F173>156>512>435CC41>2E7;@K L43>>179;>;487@64EE58;67>;483E29;7;86@59;8M>2@2C=482<E53;6<F;@E<789 >2@2:;3;48712123=7C29411292F;829HB>=2N8>2182><M;:;8MH;1>=>482O321:;623356= 73P4;624:21N8>2182>Q14>464@IP4NQJ789N8>2182>Q14>464@R2@2:;3;48INQRPJK S2O3C7C21<H44A7894>=21C1;8>C5H@;3=;8M712797C>;8M>4G2H3;>2>26=84@4MB<41 712123=7C29;8>4H@4MM;8M789O2HF2293KR=2N8>2182>=73287H@297897662@217>29 82OF41E34F=5E78;8>2176>;483>=145M=;83>78>E2337M;8M<N8>2182>F415E3< 789346;7@82>O41A;8MKT8@;823=4CC;8M=73H44E29H4>=F41E7U4112>7;@45>@2>3789 3E7@@71>;3783789>179213KV53;8233?>4?H53;8233789F;8786;7@321:;62348>=2N8>2182> 7FF26>35CC@B6=7;8376143328>;12;8953>1;23K R=241;M;834F>=2N8>2182>1276=H76A>41232716=4F>=2WXYZ3<64EE;33;4829HB >=2[8;>29\>7>23M4:218E28>;864@@7H417>;48O;>=C1;:7>264EE216;7@;8>2123>3>4 H5;@914H53><F75@>?>4@2178><7899;3>1;H5>2964EC5>2182>O41A3KR=2F589;8M4F782O [K\KH76AH482HB>=2S7>;487@\6;2862]45897>;48;8>=2WX^Z3<73O2@@73C1;:7>2 F589;8MF414>=2164EE216;7@H76AH4823<@29>4O41@9O;92C71>;6;C7>;48;8>=2 92:2@4CE28>4F82O82>O41A;8M>26=84@4M;23<789>=2E21M214FE78B82>O41A3K R=264EE216;7@;_7>;484FO=7>O73HB>=2WXXZ378;8>2187>;487@82>O41A1235@>29;8 ;>3C4C5@71;_7>;48789;8641C417>;48;8>4:;1>57@@B2:21B73C26>4FE49218=5E78@;F2K `34FaZWW<E412>=78aKaH;@@;48C24C@2b8271@B7>=;194Fc71>=d3C4C5@7>;48e 532 >=2321:;6234F>=2N8>2182>K R=2N8>2182>=7384628>17@;_29M4:2187862;82;>=21>26=84@4M;67@;EC@2E28>7>;4841 C4@;6;23F41766233789537M2f276=6483>;>528>82>O41A32>3;>34O83>7897193KT8@B >=24:211276=;8M92F;8;>;4834F>=2>O4C1;86;C7@87E23C7623;8>=2N8>2182>< >=2N8>2182>Q14>464@79912333C762789>=2g4E7;8S7E2\B3>2E<7129;126>29HB7 E7;8>7;82141M78;_7>;48<>=2N8>2182>h41C417>;48F41`33;M829S7E23789 S5EH213INh`SSJKR=2>26=8;67@58921C;88;8M7893>789719;_7>;484F>=26412 C14>464@3INQ:i789NQ:YJ;37876>;:;>B4F>=2N8>2182>c8M;8221;8MR73A ]4162INcR]J<7848?C14F;>41M78;_7>;484F@4432@B7FF;@;7>29;8>2187>;487@C71>;6;C78>3 >=7>78B482E7B73346;7>2O;>=HB648>1;H5>;8M>26=8;67@2DC21>;32K N8>2182>;373=41>F41E4F>=2>26=8;67@>21E;8>2182>O41A<>=21235@>4F ;8>21648826>;8M64EC5>2182>O41A3O;>=3C26;7@M7>2O7B341145>213KR=2N8>2182>;3 7@344F>2812F21129>473>=2S2>K R=2>21E>=2N8>2182><O=2812F211;8M>4>=228>;12M@4H7@3B3>2E4FNQ82>O41A3<=73 H228>127>29737C14C218458789O1;>>28O;>=78;8;>;7@67C;>7@@2>>21KN8>=2E29;7 789C4C5@7165@>512<7>1289=737@3492:2@4C29>412M719;>737M2821;6>21E41 64EE488458789>=53O1;>2;>73j>=2;8>2182>j<O;>=45>67C;>7@;_7>;48K\4E2M5;923 3C26;FB>=7>>=2O4193=45@9H267C;>7@;_297378458H5>84>67C;>7@;_297378 79U26>;:2K R=2>21E3N8>2182>789G41@9G;92G2H7124F>285329;82:21B97B3C226=O;>=45> E56=9;3>;86>;48Kk4O2:21<>=2N8>2182>789>=2G41@9G;92G2H71284>482789>=2 37E2KR=2N8>2182>23>7H@;3=237M@4H7@97>764EE58;67>;4833B3>2EH2>O228 64EC5>213KN8648>173><>=2G2H;34824F>=2321:;62364EE58;67>29:;7>=2N8>2182>K N>;3764@@26>;484F;8>21648826>299465E28>3IO2HC7M23J7894>=21123451623<@;8A29 HB=BC21@;8A3789[lm3KN8799;>;48>4>=2G2H<>=2N8>2182>7@34C4O2137E5@>;>592 4F4>=21321:;623<;86@59;8MI7E48M4>=213J2E7;@<F;@2>1783F21<82O3M145C3<789 48@;82M7E23KG2H321:;6236782D;3>7C71>F14E>=2;8>2182><356=73487C1;:7>2 ;8>1782>K
3456789)**+,-.5,7/0
11
456789)*+9,-./896 ,-01//234,6385,659
789:;<9=;9<>??@ABC=9><9=D?9EFGF?F<HF;A@=IF;C8@J=B>;K?@L><F@;M9BN9LF>??HAF<8 <89BN=9>K@DJ;O9<9=9K8FC8PBN99KL@;;9L<F@;BQ789:;<9=;9<L>;G9>LL9BB9K>?O@B< >;HA89=9GH;JO9=@JBO9>;BMF;L?JKF;C<8=@JC8O@GF?9:;<9=;9<K9RFL9BQS@GF?9 N8@;9BMK><>L>=KBM8>;K89?KC>O9L@;B@?9B>;KL9??J?>==@J<9=B>??@AJB9=B<@ L@;;9L<<@<89:;<9=;9<AF=9?9BB?HQTF<8F;<89?FOF<><F@;BFON@B9KGHBO>??BL=99;B >;K@<89=?FOF<9KD>LF?F<F9B@DBJL8N@LI9<PBFU9KK9RFL9BM<89B9=RFL9B@D<89:;<9=;9<M F;L?JKF;C9O>F?>;K<89A9GMO>HG9>R>F?>G?9QV9=RFL9N=@RFK9=BO>H=9B<=FL<<89 B9=RFL9B@DD9=9K>;KO@GF?9K><>L8>=C9BO>HG9BFC;FDFL>;<?H8FC89=<8>;@<89=>LL9BB O9<8@KBQ WKJL><F@;>?O><9=F>?><>???9R9?BD=@ON=9PBL8@@?<@N@B<PK@L<@=>?FB>R>F?>G?9D=@O A9GBF<9BQWE>ON?9B=>;C9D=@OXY99GF9BM<8=@JC8BL8@@?>;K8FC8PBL8@@?=9RFBF@; CJFK9BMRF=<J>?J;FR9=BF<F9BM<@>LL9BB<@<@NP9;KBL8@?>=?H?F<9=><J=9<8=@JC8<89?FI9B @DZ@@C?9VL8@?>=Q[@=KFB<>;L99KJL><F@;M89?NAF<88@O9A@=I>;K@<89= >BBFC;O9;<BMB9?DPCJFK9K?9>=;F;CMA8F?F;C>A>HBN>=9<FO9M@=\JB<?@@IF;CJNO@=9 K9<>F?@;>;F;<9=9B<F;CD>L<MF<8>B;9R9=G99;9>BF9=D@=N9@N?9<@>LL9BB9KJL><F@;>? F;D@=O><F@;><>;H?9R9?D=@O>;HA89=9Q789:;<9=;9<F;C9;9=>?>;K<89T@=?KTFK9 T9GF;N>=<FLJ?>=>=9FON@=<>;<9;>G?9=B@DG@<8D@=O>?>;KF;D@=O>?9KJL><F@;Q 789?@AL@B<>;K;9>=?HF;B<>;<>;9@JBB8>=F;C@DFK9>BMI;@A?9KC9M>;KBIF??B8>B O>K9L@??>G@=><FR9A@=IK=>O><FL>??H9>BF9=MAF<8<8989?N@DL@??>G@=><FR9B@D<A>=9Q ]@<@;?HL>;>C=@JNL89>N?HL@OOJ;FL><9>;KB8>=9FK9>BGJ<<89AFK9=9>L8@D<89 :;<9=;9<>??@ABBJL8C=@JNBO@=99>BF?H<@D@=OQ^;9E>ON?9@D<8FBFB<89D=99 B@D<A>=9O@R9O9;<MA8FL88>BN=@KJL9KM>O@;C@<89=<8F;CBM_F;JEMS@UF??>[F=9D@EM >;K`N9;`DDFL9Q@=CQ:;<9=;9<L8><MA89<89=F;<89D@=O@D>;:aXL8><=@@O@= L8>;;9?MRF>>;F;B<>;<O9BB>CF;CBHB<9OM@=>B@LF>?;9<A@=IF;CA9GBF<9M>??@AB L@??9>CJ9B<@B<>HF;<@JL8F;>R9=HL@;R9;F9;<A>HA89;A@=IF;C><<89F=L@ONJ<9=B KJ=F;C<89K>HQS9BB>C9BL>;G99EL8>;C9K9R9;O@=9bJFLI?H>;KL@;R9;F9;<?H<8>; RF>9O>F?Q789B9BHB<9OBO>H>??@ADF?9B<@G99EL8>;C9KMK=>AF;CB>;KFO>C9B<@G9 B8>=9KM@=R@FL9>;KRFK9@L@;<>L<G9<A99;<9>OO9OG9=BQ
cdedf gh,32
W?9L<=@;FLO>F?FB@;9@D<89O@B<N@NJ?>=<@@?BO>K9>R>F?>G?9<8=@JC8<89:;<9=;9<Q:< FB>;9DDFLF9;<>;K9DD9L<FR9O9>;B@D;9<A@=IL@OOJ;FL><F@;Qi@JL>;L>??F<>B>; 9?9L<=@;FLN@B<>?BHB<9OQ`;9@D<89O@B<R>?J>G?9D9><J=9B@DL@OOJ;FL><F;CRF> 9O>F?FB<8><F<FB>BH;L8=@;@JBMO9>;F;C<89=9LFNF9;<;99K;@<G9><>L@ONJ<9=<@ =9L9FR9<89O9BB>C9H@JB9;KQ789O9BB>C9AF??G9B<@=9K>;K>R>F?>G?9<@G9=9>K A89;<89=9LFNF9;<FB=9>KH<@=9>KF<Q:;@=K9=<@B9;K>;K=9L9FR99O>F?MH@JOJB< 8>R9>LL9BB<@>;WO>F?>LL@J;<Q
cdede jk,663-l
X8><<F;CO>H=9D9=<@>;HIF;K@DL@OOJ;FL><F@;@R9=<89:;<9=;9<<8><@DD9=B>=9>? <FO9KF=9L<<=>;BOFBBF@;@D<9E<PG>B9KO9BB>C9BD=@OB9;K9=<@=9L9FR9=M89;L9<89 K9?>HD@=RFBJ>?>LL9BB<@<89B9;<O9BB>C9B8>??;@<8>ON9=<89D?@A@D L@OOJ;FL><F@;BF;>;H@D<89KF=9L<F@;BQ`;?F;9L8><O>H>KK=9BBN@F;<P<@P N@F;<L@OOJ;FL><F@;B>BA9??>BOJ?<FL>B<L@OOJ;FL><F@;BD=@O@;9B9;K9=<@O>;H =9L9FR9=B>;KR@FL9>;KRFK9@L8><@=O>HG9>D9><J=9@D>T9GL@;D9=9;LF;CB9=RFL9Q `;?F;9L8><F;>?9BB9=B<=F;C9;<K9DF;F<F@;O>HG9N=FO>=F?H>;HKF=9L<<9E<PG>B9K@= RFK9@PG>B9KmA9GL>OBnM@;9P@;P@;9L8><@=@;9P<@PO>;HC=@JNL8><mD@=O>??H>?B@ I;@A;>BH;L8=@;@JBL@;D9=9;LF;CnMJBF;C<@@?BBJL8>BF;B<>;<O9BB9;C9=BM:;<9=;9< a9?>HX8><M<>?I9=B>;KN@BBFG?HSopBQ7899EN=9BBF@;@;?F;9L8><L@O9BD=@O<89 A@=KL8><A8FL8O9>;BqF;D@=O>?L@;R9=B><F@;qQ`;?F;9L8><F;L?JK9BA9GPG>B9K >NN?FL><F@;B<8><>??@AL@OOJ;FL><F@;P@D<9;KF=9L<?H>KK=9BB9KMGJ<>;@;HO@JBP G9<A99;JB9=BF;>OJ?<FPJB9=9;RF=@;O9;<QT9GL@;D9=9;LF;CFB>O@=9BN9LFDFL 12
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`aD"Z5?=":=A?G 822H7"86J4A:53M"HA3C">A:6G?2G>A:6":239687A?5237"5?"57"36:677A8C"?2"B6"AB46"?2"=A96" bI5:N":239687A?523"A7"5>"?=6"J68723"<686"J86763?c"72"HA3C"J62J46"46A83"?2"?CJ6"A7" bI5:N4C"A7"?=6C"<2I4@"328HA44C"7J6AND"d85?5:7"A86"<A8C"?=A?"?=57":A7IA4">28H"2>"7J66:=" 57"B653M"I76@"72"HI:="?=A?"5?"<544"742<4C"?AN6"2968":2HH23"M8AHHA8c"=2<6968;"7I:="A" :=A3M6"=A7"C6?"?2"B6"7663D"Z5?="?=6"53:86A753M"J2JI4A?523"2>"234536":=A?G822H7"?=686" =A7"B663"A"HA77596"M82<?="2>"36<"<28@7":86A?6@"28"74A3M"<28@7;"HA3C"2>"?=6H" @2:IH63?6@"23"?=6"<6B75?6"e8BA3"f5:?523A8C"234536":=A??53M":A3"B6"@6>536@"A7g" " "hij"klm"lnlopqrkso"trulj"rv"orttwksoipsrk"xqryrzl"jstsniq"ik{slpslj"itrk|jp" oqspsoj"m}r"l{xqljj"orkolqk"p}ip"~rwk|"xlrxnl"iql"ip"qsjz "lkuik|lqlu" ~"i"qsjsk|" psul"rv"skvrqtipsrk"rylq"m}so}"p}l"pqiuspsrkin"orkpqrnj"rv"xqskp"tlusi"iku"p}l" |wiqusikj"rv"zkrmnlu|l"}iyl"kr"orkpqrn"rk"sp "
456789)"*++,-./6-801"
" UR* "4 R4 "
PA3C"J62J46"I76"?=6"Z284@"Z5@6"Z6B"?2"A::677"36<7;"<6A?=68"A3@"7J28?7"86J28?7;"?2" J4A3"A3@"B22N"9A:A?5237"A3@"?2">53@"2I?"H286"AB2I?"?=658"53?6867?7D" 62J46"I76":=A?;" H677AM53M"A3@"6HA54"?2"HAN6"A3@"7?AC"53"?2I:="<5?=">8563@7"<284@<5@6;"72H6?5H67"53" ?=6"7AH6"<AC"A7"72H6"J86952I74C"=A@"J63"JA47D"W=6"[3?6836?"=A7"7663"A"M82<53M" 3IHB68"2>"Z6B"@67N?2J7;"<=686"I7687":A3"A::677"?=658">5467"A3@"76??53M7"95A"?=6" [3?6836?D" " 2:5A4"36?<28N53M"<6B75?67"7I:="A7" A:6B22N;"W<5??68;"A3@"PC JA:6"=A96":86A?6@" 36<"<AC7"?2"72:5A45 6"A3@"53?68A:?;"72H6"2>"?=676"72:5A4"36?<28N53M"M82IJ7"A86" @6J5:?6@"53"?=6" 5MI86"`D"e7687"2>"?=676"75?67"A86"AB46"?2"A@@"A"<5@6"9A856?C"2>" 53>28HA?523"?2"JAM67;"?2"JI87I6":2HH23"53?6867?7;"A3@"?2":2336:?"<5?="2?=687D"[?"57" A472"J2775B46"?2">53@"6L57?53M"A:bIA53?A3:67;"?2"A442<":2HHI35:A?523"AH23M"6L57?53M" M82IJ7"2>"J62J46D" 5?67"45N6" 53N6@[3">27?68":2HH68:5A4"A3@"BI753677":2336:?5237D" 2IWIB6"A3@" 45:N8"7J6:5A45 6"53"I7687O"95@627"A3@"J=2?2M8AJ=7D"
"
12"
456789)*+9,-./896 ,-01//234,6385,659
738995:;<8=58>6?5<843,2-56789)3-88989/.
@ABCDEBFDBEAGHIBBDGJGKLFLMENBEOLFNBPHMFBGQEPRPESHPDQBPEHPDQBTEPLDUVPEA BDEBFEGPDPDWHLQPGNBXTBFPJBDEHHMQAGHYZ[HGD\Y]]HIBPDWQLD\MQEB\LD MDPRBFHPESHBFRBFHUGD\AMJLF^FBNGEB\ZHBDBEWFLMTHFBQBPRPDWJMQAEFGOOPQ_@L\GSU JGDSCDEBFDBEOLFMJHAGRBHBQEPLDH\BRLEB\ELWGJBHGD\OMDDSRP\BLH`HALFE QGFELLDHPDEABOLFJLOaNGHAJLRPBHGFBGNHLTLTMNGF_]RBFbJPNNPLDTBLTNBMHBINLWH LFJBHHGWBILGF\HGHGJBGDHLOQLJJMDPQGEPLDGD\OLFEABHAGFPDWLOP\BGH_@AB TLFDLWFGTASGD\WGJINPDWPD\MHEFPBHAGRBEGcBDG\RGDEGWBLOEABdLFN\dP\BdBIU GD\LOEBDTFLRP\BGHPWDPOPQGDEHLMFQBLOG\RBFEPHPDWFBRBDMBOLFLEABF VBIHPEBH_eNEALMWAJGDSWLRBFDJBDEHAGRBGEEBJTEB\ELFBHEFPQEILEAPD\MHEFPBHfMHB LOEABCDEBFDBEUPDWBDBFGNEAPHAGHOGPNB\ELHELTEABPFVP\BHTFBG\TLTMNGFPES_
ghih: j288.
kNLWPHGVBIHPEBVABFBBDEFPBHGFBVFPEEBDGHQLJJBDEGFSLFDBVHLDGTGFEPQMNGF HMIKBQEHMQAGHOLL\UTLNPEPQHULFNLQGNDBVH`HLJBOMDQEPLDGHJLFBTBFHLDGNLDNPDB \PGFPBH_eESTPQGNINLWQLJIPDBHEBXEUPJGWBHUGD\NPDcHELLEABFINLWHUVBITGWBHUGD\ LEABFJB\PGFBNGEB\ELPEHELTPQ_@ABGIPNPESOLFFBG\BFHELNBGRBQLJJBDEHPDGD PDEBFGQEPRBOLFJGEPHGDPJTLFEGDETGFELOJGDSINLWH_YLHEINLWHGFBTFPJGFPNS EBXEMGNUGNEALMWAHLJBOLQMHLDGFEUTALELWFGTAHURP\BLHGD\JMHPQGD\GFBTGFELOG VP\BFDBEVLFcLOHLQPGNJB\PG_]DBLOEABkNLWWPDWHBFRPQBDGJB\kNLWWBFPH \BTPQEB\PDEABaPWMFBl_
738995m;n-58>6?5j28883-8.59o345-,=50j288859
12
23455675685967675:4:;39<6=>67?@;A9=647B986=<?C4D?8=E?=?AE76A93F9<<6?<84G H<6=67597@:;F368E67547367?BHE6AE?7A4;<95?88=;@?7=8=4I??:9<?A4<@4G=E?6< 6@?9897@=E67I6754D?<=6C?J234556759384G9A636=9=?<?9@?<8=456D?A<6=6A93G??@F9AI 4797>=4:6AB<?9@?<8A979@@A4CC?7=8BHE?<?<?9@?<8A97F?=?9AE?<8B4=E?<8=;@?7=8 4<9H6@?<D6?H?<8JK?9AE?<88E4;3@67D?8=659=?=E?:4=?7=6934GF3458BC?@69L8E9<675 8?<D6A?897@4=E?<84A69384G=H9<?BHE6AEA97F?;8?@A<?9=?7?H3?9<7675 4::4<=;76=6?8JM=;@?7=8A979384;8?=E?F345898F345A97:<4D6@?9:?<847938:9A? 47367?B=498IN;?8=6478BA4CC?7=474=E?<N;?8=6478B:;F368EH4<IB97@367I=44=E?< H?F84;<A?8JO4H?D?<9F3457??@7P=F?<?8=<6A=?@=4986753?9;=E4<B6=A97C?<5? @6GG?<?7=I67@84G6@?98B67A3;@675G?334H8=;@?7=8B=?9AE?<8B97@8;FQ?A=8:?A69368=8J R7?S9C:3?TE==:TUU?@;JF3458JA4CUJ V,8WW-0W+,/6X89Y /,6590/6-Z51/95X8,,87-0W[ \ ]4<@^<?88J4<56874==E?473>F3455675:39=G4<C4;==E?<?JKE?<?9<?8?D?<93 :4:;39<93=?<79=6D?8J_6<8=4G933=E?<?68]4<@^<?88JA4CJ`?9<7E?<?9F4;= ]4<@^<?88J4<5D8J]4<@^<?88JA4CJ \ a4453?b823458:4=23455?<68974=E?<:4:;39<4:=647JM??E?<?9F6=47=E? @6GG?<?7A?F?=H??7]4<@^<?884<23455?<J \ K;CF3<68974=E?<:4:;39<AE46A?JcG>4;b<?H47@?<675HE6AE47=4:6AIBAE?AI K;CF3<D8]4<@^<?889<=6A3?J \ a4453?4GG?<23455?<BHE6AE68?98>H9>=4A4339F4<9=?B@68A;88B4<8E9<?>4;< =E4;5E=8H6=E4=E?<8Jc7=E?G4334H6758?A=647H?H633@68A;88E4H=4A<?9=?9 F345B97@@68A;88=E?C967G?9=;<?84G23455?<J defeg h0,-05Yi,6-+,/j59W/Y-0W R74=E?<9<?94G3?68;<?9A=6D6=>47=E?c7=?<7?=68C;3=6:39>?<59C675JKE68G4<C4G <?A<?9=647A<?9=?8A4CC;76=6?8BHE?<?:?4:3?4G93395?897@4<65678?7Q4>=E?G98=L :9A?@H4<3@4GC;3=6:39>?<59C?8JKE?8?<975?G<4Ckklm^a=4G6<8=L:?<847 8E44=?<8BG<4C<43?L:39>675D6@?459C?8=447367?59CF3675J]E63?47367?59C675E98 F??79<4;7@867A?=E?2nop8BC4@?<7C4@?84G47367?59C675F?597H6=E8;F8A<6:=647 8?<D6A?88;AE98a9C?M:>97@k^39>?<Jq47L8;F8A<6F?<8H?<?36C6=?@=4A?<=967=>:?8 4G59C?:39>4<A?<=96759C?8Jk97>:?4:3?;8?=E?c7=?<7?==49AA?8897@@4H7349@ C;86ABC4D6?897@4=E?<H4<I8G4<=E?6<?7Q4>C?7=97@<?39S9=647J_<??97@G??LF98?@ 8?<D6A?8?S68=G4<9334G=E?8?9A=6D6=6?8B;8675A?7=<936r?@8?<D?<897@@68=<6F;=?@:??<L =4L:??<=?AE743456?8JM4C?4G=E?8?84;<A?8?S?<A68?C4<?A9<?H6=E<?8:?A==4=E? 4<6567939<=68=8PA4:><65E=8=E974=E?<8J c7=?<7?=;895?E98F??7A4<<?39=?@=4;8?<8P347?367?88J`47?3>:?4:3?=?7@=4;8?=E? c7=?<7?=98974;=3?=G4<=E?6<G??3675897@=48E9<?=E?6<8=4<6?8H6=E4=E?<8B8;AE9867 =E?sc9C347?3>H63397>47?8:?9I=4C?s=E<?9@J t>F?<L8?A=9<69768C6897?H4<5976r9=64793G4<CHE6AE67D43D?8TsE65E3>@68:?<8?@ 8C9335<4;:84G:<9A=6=647?<8=E9=C9><?C96739<5?3>9747>C4;8H6=E67=E?39<5?< 84A693A47=?S=97@4:?<9=?67<?39=6D?8?A<?A>BHE63?8=633367I?@<?C4=?3>=4939<5?< 7?=H4<I4GF?36?D?<8HE48E9<?98?=4G:<9A=6A?897@=?S=8B97@4G=?79A4CC47 @?D4=647=49:9<=6A;39<3?9@?<JlD?<8?988;::4<=?<8:<4D6@?G;7@67597@8;::4<=u @4C?8=6A:<9A=6=647?<8@68=<6F;=?=<9A=8B:9<=6A6:9=?679A=84G<?868=97A?B97@8E9<? 67G4<C9=64747=E?67=?<79386=;9=647H6=E4;=86@?<8Jt433?A=6D?3>BC?CF?<897@ :<9A=6=647?<84G8;AE8?A=8A478=<;A=D69F3?D6<=;93A4CC;76=6?84GG96=EB?SAE975675 :?<84793=?8=6C476?897@?759567567A433?A=6D?8=;@>D69?C963B47L367?AE9=<44C8 97@H?FLF98?@C?8895?F49<@8Js R18.-/,056789)-0W159Z-.5689747367?8?<D6A?B:39=G4<CB4<86=?=E9=G4A;8?847 G9A636=9=675=E?F;63@6754G84A6937?=H4<I84<84A693<?39=64789C475:?4:3?HE4BG4<
456789)*++,-./6-801
12
456789)*+9,-./896 ,-01//234,6385,659
789:;<7=>?9@7ABC7@7>C>=9DCAEACA7>=F9DGH@IJBK>=I@@79<L<AM7DIBB7DCAIB>NO>IDA9< B7CPI@G>7@EAD7DIB>A>C>IM9@7;@7>7BC9CAIBIM79D?J>7@QIMC7B9;@IMA<7R=?A>S?7@ >IDA9<<ABG>=9BK9E9@A7CTIM9KKACAIB9<>7@EAD7>NUI>C>IDA9<B7CPI@G>7@EAD7> 9@7P7FLF9>7K9BK;@IEAK7:79B>MI@J>7@>CIABC7@9DCIE7@C?7VBC7@B7C=>JD?9>7L :9A<9BKAB>C9BC:7>>9HABHNWB<AB7DI::JBACT>7@EAD7>9@7>I:7CA:7>DIB>AK7@7K9>9 >IDA9<B7CPI@G>7@EAD7=C?IJH?AB9F@I9K7@>7B>7=>IDA9<B7CPI@G>7@EAD7J>J9<<T :79B>9BABKAEAKJ9<LD7BC7@7K>7@EAD7P?7@79>IB<AB7DI::JBACT>7@EAD7>9@7H@IJ;L D7BC7@7KNXIDA9<B7CPI@GABH>AC7>9<<IPJ>7@>CI>?9@7AK79>=9DCAEACA7>=7E7BC>=9BK ABC7@7>C>PAC?ABC?7A@ABKAEAKJ9<B7CPI@G>N Y?7:9ABCT;7>IM>IDA9<B7CPI@GABH>7@EAD7>9@7C?I>7C?9CDIBC9ABD9C7HI@T;<9D7> Q>JD?9>MI@:7@>D?II<T79@I@D<9>>:9C7>R=:79B>CIDIBB7DCPAC?M@A7BK>QJ>J9<<T PAC?>7<MLK7>D@A;CAIB;9H7>R=9BK9@7DI::7BK9CAIB>T>C7:<ABG7KCIC@J>CNZI;J<9@ :7C?IK>BIPDI:FAB7:9BTIMC?7>7=PAC?[9D7FIIG=YPACC7@9BK\IIH<7]PAK7<T J>7KPI@<KPAK7N XI:7>IDA9<B7CPI@G>?9E79KKACAIB9<M79CJ@7>=>JD?9>C?79FA<ACTCI D@79C7H@IJ;>C?9C>?9@7DI::IBABC7@7>C>I@9MMA<A9CAIB>=J;<I9KI@>C@79:<AE7EAK7I>= 9BK?I<KKA>DJ>>AIB>ABMI@J:>N\7I>IDA9<B7CPI@GABHDILI;C>VBC7@B7C:9;;ABH >7@EAD7>CII@H9BA^7J>7@;9@CADA;9CAIB9@IJBKH7IH@9;?ADM79CJ@7>9BKC?7A@9CC@AFJC7>N Y?7@7A>9C@7BKCIP9@K>:I@7ABC7@I;7@9FA<ACTF7CP77B>IDA9<B7CPI@G><7KFT C7D?BI<IHA7>>JD?9>W;7BV_9BKW;7BXIDA9<NVB:I>C:IFA<7DI::JBACA7>=:IFA<7 ;?IB7J>7@>D9BBIPD@79C7C?7A@IPB;@IMA<7>=:9G7M@A7BK>=;9@CADA;9C7ABD?9C @II:>=D@79C7D?9C@II:>=?I<K;@AE9C7DIBE7@>9CAIB>=>?9@7;?ICI>9BKEAK7I>=9BK >?9@7F<IH>FTJ>ABHC?7A@:IFA<7;?IB7NXI:7DI:;9BA7>;@IEAK7PA@7<7>>>7@EAD7> C?9C9<<IPC?7A@DJ>CI:7@>CIFJA<KC?7A@IPB:IFA<7DI::JBACT9BKF@9BKAC`IB7IM C?7:I>C;I;J<9@PA@7<7>>>7@EAD7>MI@>IDA9<B7CPI@GABHABaI@C?O:7@AD9A> [9D7FIIGUIFA<7N bcdcd e,45f88) OC;@7>7BC=[9D7FIIGA>IB7IMC?7;I;J<9@XIDA9<a7CPI@GABH>AC7>J>7KFT:A<<AIB> IM;7I;<79@IJBKC?7PI@<K=7>;7DA9<<TTIJBH;7I;<7ABD<JKABHTIJ@<79@B7@>CI DIBB7DCCI79D?IC?7@`[AHJ@7g>?IP>C?7hIHABSXAHBJ;;9H7MI@[9D7FIIGNY?A>>AC7 A>9M@779BK7MM7DCAE7P9TIMDI::JBAD9CAIBIBL<AB7PAC?TIJ@<79@B7@>NiIJD9B=MI@ 789:;<7=>7BKC?7:7>>9H7>=9>>AHB:7BC>9BKIBL<AB7@7>IJ@D7>MI@TIJ@>JFj7DCNY?7T ABCJ@BD9BDI::JBAD9C7PAC?TIJFT;I>CABHkJ7>CAIB>7CDN
e3lm95dn58l3-op3l-m//,l5q89e,45f88)
12
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`?_CNG>>;<?RC<>;<=C< ZCA>NEEKJ?GG=CO>REB>WYYN?GG?E@D=E<E;NHR?PEIaYWWQb@:DB?GMaYWaM<=> ?RCL>TNC;>P;EA?CGR>P?C@><JEBKcdefghgif=CPN>AER><=><=?BPGCBL>;<;EA?CG @><JEBK?@<=>j@?<>Pk<C<>;Q ^ERDC@?>;=CO>N>LF@<ER>BL>NF;?@>;;<>A=@EGEL?>;C@P;EGF<?E@;M;FA=C;AGEFP AERDF<?@LMJ?<=;EA?CG@><JEBK?@LAE@A>D<;Qb@;<>CPEIAE@@>A<?@L?@P?O?PFCG;NC;>P E@;EA?CG?@<>B>;<MAERDC@?>;CB>P>O>GED?@L?@<>BCA<?O>AERRF@?<?>;<=C<AE@@>A< ?@P?O?PFCG;NC;>PE@;=CB>PNF;?@>;;@>>P;EB>_D>B?>@A>;QlC@HDBEO?P>;D>A?CG?m>P @><JEBK?@L<EEG;C@PCDDG?AC<?E@;<=C<AC@N>CAA>;;>PO?C<=>?BJ>N;?<>;M;FA= C;[?@K>Pb@Qn<=>B;AERDC@?>;M;FA=C;lE@;<>BQAERM=CO>N>>@;<>CP?GHP>O>GED?@LC REB>S;EA?CG?m>PSI>>G<E<=>?BACB>>BA>@<>B;?<>;<E=CB@>;;;ER>EI<=>DEJ>BEI ;EA?CG@><JEBK?@L;?<>;QV=>;>REB>NF;?@>;;B>GC<>P;?<>;=CO><=>?BEJ@ @ER>@AGC<FB>IEB<=>RE;<DCB<NF<<=>RE;<AERRE@@CR?@LAE@O>@<?E@;CB> SoEAC<?E@CGp><JEBK?@Lk?<>;SEBSoEAC<?E@CGl>P?Cp><JEBK;SMJ?<=<=>IEBR>B REB>AGE;>GH<?>P<E?@P?O?PFCG@><JEBK?@LB>GC<?E@;=?D;NC;>PE@;EA?CG@><JEBK?@L DB?@A?DG>;Q qrshitsuhgLC?@>PDEDFGCB?<HC;?<CGGEJ>PIEBF;>B;<ESA=>AKT?@S<EDGCA>;<=C<<=>H CB>IB>vF>@<?@LC<<=C<RER>@<Qwrxuyyu?;C@E<=>B;FA=;>BO?A><=C<IF@A<?E@;?@ RFA=<=>;CR>JCH<=C<ZEFB;vFCB>PE>;MG>O>BCL?@L<=>z`k?@D=E@>;<EAB>C<>C GEAC<?E@TNC;>PF;>B>_D>B?>@A>Q^G?_<BM<=EFL=?@<=>B>CGT<?R>;DCA>M?;CG;EC GEAC<?E@TNC;>P;EA?CG@><JEBK?@L;?<>M;?@A>>O>@<;AB>C<>PNHF;>B;CB>CF<ERC<?ACGGH L>E<CLL>PMC@PF;>B;AC@O?>J>O>@<;EAAFBB?@L@>CBNH<=BEFL=<=>^G?_<B?`=E@>CDDQ U>A>@<GHM{>GDC@@EF@A>P?<;>@<BC@A>?@<E<=>GEAC<?E@TNC;>P;EA?CG@><JEBK?@L;DCA> <=BEFL=A=>AKT?@;J?<=<=>?BREN?G>CDD|J=><=>BEB@E<<=?;N>AER>;P><B?R>@<CG<E ZEFB;vFCB>EBzEJCGGC?;H><<EN>;>>@MC;?<?;;<?GGAE@;?P>B>PC@>J;DCA>?@<=> b@<>B@><<>A=@EGELH?@PF;<BHQ n@>DEDFGCBF;>IEB<=?;@>J<>A=@EGELH?;;EA?CG@><JEBK?@LN><J>>@NF;?@>;;>;Q ^ERDC@?>;=CO>IEF@P<=C<;EA?CG@><JEBK?@L;?<>;;FA=C;ZCA>NEEKC@PVJ?<<>BCB> LB>C<JCH;<ENF?GP<=>?BNBC@P?RCL>Q V=>B>CB>I?O>RC}EBF;>;IEBNF;?@>;;>;C@P;EA?CGR>P?C~<EAB>C<>NBC@PCJCB>@>;;M C;C@E@G?@>B>DF<C<?E@RC@CL>R>@<<EEGMIEBB>ABF?<?@LM<EG>CB@CNEF<@>J <>A=@EGEL?>;C@PAERD><?<EB;MC@PC;CG>CPL>@>BC<?E@<EEG<E?@<>BA>D<DE<>@<?CG DBE;D>A<;QV=>;>AERDC@?>;CB>CNG><EPB?O><BCII?A<E<=>?BEJ@E@G?@>;?<>;J=?G> >@AEFBCL?@L<=>?BAE@;FR>B;C@PAG?>@<;<E=CO>P?;AF;;?E@;E@=EJ<E?RDBEO>EB A=C@L>DBEPFA<;EB;>BO?A>;Q 2343 /9/.659-16-.18 18.-/,456789)-07 8.-/,056789)1/091.-50.5
456789)*++,-./6-801
12
456789)*+9,-./896 ,-01//234,6385,659
12
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` A@aBH<=M;>;DOGC9 O9H;9AM=;G>HCFA<ERa>;C=A>;G9O<TH8=>bccd@AO>DC:;C_e` A@A>G=>HCHH>;?H<9 O9HSfSIF:=M:=9;>=>M<H;9H@<ABgg` C:<HH8H;<9H;<G=H<R^HMH>C9COD=H9:;TH 9:AF>C:;C9AM=;G>HCFA<E9H<T=MH9J<AT=DHAJJA<CO>=C=H9F=C:=>J<A@H99=A>;G HDOM;C=A>IMO<<=MOGOBHDOM;C=A>I;>DGH;<>=>?RhAFHTH<IC:H<H;<HMA>9C<;=>C9=>C:=9 ;<H;R 55,9-3-iV.5.736j3-50V4,638kDOM;CA<9;>D;DTAM;CH9A@>HFD=?=C;GG=CH<;M8;<HMA>@=DH>CC:;C9AM=;G>HCFA<E=>? H>MAO<;?H9C:HDHTHGAJBH>CA@C<;>9@H<;KGHICHM:>=M;GI;>D9AM=;G9E=GG9A@T;GOH=> @A<B;G;>D=>@A<B;GGH;<>=>?Rl>;@A<B;GGH;<>=>?H>T=<A>BH>CI?A;G9A<AKmHMC=TH9 ;<HDHCH<B=>HDK8;>AOC9=DHDHJ;<CBH>CA<;?H>M8RXFHHC=>?I=>9C;>CBH99;?=>?I A<KGA??=>?H>:;>MH99CODH>C=>TAGTHBH>CRSCODH>C9F:AFAOGD>AC>A<B;GG8 J;<C=M=J;CH=>MG;99;<HBA<H;JCCAJ;<C;EHC:<AO?:9AM=;G>HCFA<E9H<T=MH9R fHCFA<E=>?;GGAF9J;<C=M=J;>C9C:HAJJA<CO>=C8@A<mO9CP=>PC=BHGH;<>=>?;>D:=?:H< GHTHG9A@H>?;?HBH>CRX:HO9HA@SfS9;GGAFHDOM;CA<9CAH>:;>MHC:HJ<H9M<=KHD MO<<=MOGOBRn:H>GH;<>=>?HNJH<=H>MH9;<H=>@O9HD=>CA;FHK9=CHI9CODH>C9OC=G=QH HTH<8D;8@A<@O>I9CODH>C9<H;G=QHC:;CGH;<>=>?M;>;>D9:AOGDKH;J;<CA@HTH<8D;8 G=@HRlCDAH9>AC:;THCAKH9HJ;<;CH;>DO>;CC;M:HDRl>@A<B;GGH;<>=>?MA>9=9C9A@C:H GH;<>H<9HCC=>?C:H?A;G9;>DAKmHMC=TH9RlC:;9KHH>MG;=BHDC:;CBHD=;>AGA>?H<mO9C =>@GOH>MHAO<MOGCO<HRX:H8;<HAO<MOGCO<HRn=C:9OM:;:=?:>OBKH<A@O9H<9KHCFHH> C:H;?H9A@oePo1I;>OBKH<A@9E=GG9;<HDHTHGAJHDRp;<C=M=J;>C9:A>HCHM:>=M;G9E=GG9 =>M:AA9=>?CA>;T=?;CHC:<AO?:9AM=;G>HCFA<E=>?9H<T=MH9RX:=9=>MGODH9HGHBH>C;<8 =CHB99OM:;99H>D=>?;>=>9C;>CBH99;?HA<OJD;C=>?;9C;CO9RX:HDHTHGAJBH>C9A@ >HFBHD=;9E=GG9;<HJ;<;BAO>C=>:HGJ=>?8AOC:>;T=?;CHC:HD=?=C;GFA<GDF=C: MA>@=DH>MHRSAM=;G>HCFA<E=>?9H<T=MH9@A9CH<GH;<>=>?C:<AO?:Lp;<C=M=J;CA<8 qOGCO<HRLaJ;<C=M=J;CA<8MOGCO<HMA>9=9C9A@;9J;MHC:;C;GGAF9H>?;?HBH>CI9:;<=>?I BH>CA<=>?I;>D;>AJJA<CO>=C8@A<9AM=;G=>CH<;MC=A>Rp;<C=M=J;>C9A@9AM=;G>HCFA<E 9H<T=MH9;T;=GA@C:=9AJJA<CO>=C8Rl>@A<B;GGH;<>=>?I=>C:H@A<B9A@J;<C=M=J;CA<8;>D 9AM=;GGH;<>=>?A>G=>HI=9;>HNMHGGH>CCAAG@A<CH;M:H<9CA9>H;E=>B;CH<=;G;>D=DH;9 C:;C9CODH>C9F=GG=DH>C=@8F=C:;>DC:H<H@A<HI=>;9HMA>D;<8B;>>H<I9CODH>C9F=GG
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
456789)*++,-./6-801
[\[ ]*N^_*`]aMa]b*cNd4M`Mcae
f=>563ABA5492;479:7=<6F;45@46?C29:gGh6?P5492<4A53735E4:9=696i6?94976= @=534;47723Gj=>F46C=BA=62963:549653735E4:9=6735E9F37=546A=>:23:D=5:;4: @4::35Gk37J9:3:;3F=@96C>J=DF;34JD495796?=@37:9F49529637@4583:P47>B7:46:942 6>@B35=DJ47736C35746?E979:=57A3:U=>563ABA:5496Gl=<3E35P4:5496:54E3297B=:; 74D3mF=@D=5:4B2346?F;34JGi6?946J3=J232983:=:54E32BA:5496GhU=>563ABA:5496 :4837A=>:=>6345:;:;3=:;35<973>63WJ2=53?79:3746?@A7:35937=DQ=:;35i6?94Gh7 D4547:;35492<4A53735E4:9=696i6?9497F=6F3563?P:;353453@A594?=J:9=674:=637 ?97J=742Gj=>F46C=BA=62963:549653735E4:9=67A7:3@=546A5492<4A53735E4:9=6 B==896C=>:23:7F4::353?3E35A<;353G l=<3E35Pi6?9465492<4A:9F83:53735E4:9=6976=@=534:3?9=>7U=BGf>7:24AA=>5 ;46?7=646A5492<4A53735E4:9=6B==896C=>:23:45=>6?A=>46?@483A=>5<4A:=:;3 ?9DD3596CU=>563AGV9:;:;3=673:=D=629635492<4A53735E4:9=67A7:3@:;96C7C=:@>F; 79@J235D=5:;3J47736C357:=B==85492<4A:9F83:7=62963G i6?9465492<4A97<=5896C96F37746:2A:=36?=<79@J2A:;3B37:735E9F37:=:;3 J47736C35796i6?94Gh6A=63<9:;47A7:3@F46;4E3549253735E4:9=6967:46:2A<9:;6= ;47723Gl=<3E35P:;353453427=7A7:3@7=D@4896C5492<4A53735E4:9=636n>95AD5=@ E95:>422A46AJ24F3<9:;A=>5F=@J>:35GI;9797;=<:;3<;=237A7:3@=D B==896C5492<4A:9F83:7C=:34793596:35@7=D4FF3779B929:A46?4DD=5?4B929:AGj=>453 6=2=6C3553n>953?:=7<34:46?D53:=E35:5496:9F83:53735E4:9=696i6?94Go=546A 96n>95A=5D=5:;4:@4::3546A96D=A=>53n>95353C45?96C5492<4A53735E4:9=67U>7:2=C =6:=:;3=DD9F94279:3=Di6?9465492<4A746?A=><922;4E39:G 12
456789)*+9,-./896 ,-01//234,6385,659
12
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`aK9<98>:KV2aVbc1 J8H>BC9C@K>D9@<EJVadV1ebF<KKC:;C@E><EACK<:McccVfedD@C8;A9E<@KOg::?<HH=89 E<@@8CKK>BCeO1aI8HH8>:F<KKC:;C@K<:MehcB8HH8>:9>:K>DD@C8;A9OiD9ACffB8HH8>: F<KKC:;C@KNA>EH8BI<I><@M>:C>D1V`cb9@<8:KC<EAM<=V<I>?9``bVbbbA<GC @CKC@GCM<EE>BB>M<98>:KOjAC8@Y>?@:C=KE<:K9<@98:<:=F<@9>DL:M8<<:MC:M8:<:= >9AC@F<@9VN89A9@<GCH98BCK<KH>:;<Ke1A>?@K<:MM8K9<:ECK?F9>KCGC@<H9A>?K<:M J8H>BC9C@KOjACEA<HHC:;C8K9>F@>G8MC<@CKC@G<98>:K=K9CB9A<9E<:K?FF>@9K?EA< A?;CKE<HC>D>FC@<98>:Kk @C;<@MHCKK>DNAC9AC@89_KBC<K?@CMI=J8H>BC9C@KV F<KKC:;C@:?BIC@KV@>?98:;E>BFHCl89=V>@K8BFH=9ACKACC@KE<HC>DL:M8<O jACB<8:EA<HHC:;CK8:D@>:9>D9ACL:M8<:@<8HN<=K<@Cm n T@>G8MC<@CKC@G<98>:K=K9CB9A<9CDD8E8C:9H=KC@GCKB>@C9A<:A<HD<B8HH8>: FC>FHCC<EAM<= n o:K?@CB<l8B?B?F98BCK>@CKC@G<98>:p98EJC98:;p8:W?8@=<FFH8E<98>:8K <G<8H<IHCceld n q@C<9C<rCIK89C9A<9E<:<EE>BB>M<9CB>@C9A<:>:CB8HH8>:A89KFC@M<= n j@<GCH8:;>:s8;AjCEA:>H>;=L:M8<:Q<8HN<=K8K>:C>D9ACB>K9<MG<:ECM B8:8K9@8CK8:L:M8<VN89A<:8::>G<98GC<:MCl9C:K8GCLjC:G8@>:BC:9k <:M< HC<M8:;XCM;C@CKC@G<98>:K=K9CBF>NC@CMI=sTgHFA<7C@GC@K=K9CBK@?::8:; 9ACsTiFC:tu7v >FC@<98:;K=K9CB<:MsTQCH8<IHCj@<:K<E98>:Q>?9C@ SQjQUB8MMHCN<@COq>:K8MC@9ACKE>FC>D9AC>FC@<98>:O n w>>MjCEA:>H>;=BC<:K;>>MKC@G8EC8:fh12V9ACu8:8K9@=>DQ<8HN<=K CK9<IH8KACM9ACqC:9@CD>@Q<8HN<=L:D>@B<98>:7=K9CBKSqQL7U<K<:?BI@CHH< D>@<HHE>BF?9C@<E98G898CK>:L:M8<:Q<8HN<=KOqQL78K@CKF>:K8IHCD>@ MCK8;:8:;VMCGCH>F8:;<:M8BFHCBC:98:;<HHB<Y>@E>BF?9C@K=K9CBKD>@9AC Q<8HN<=KOr89A89K>N:QxyCDD>@9VqQL7A<KICE>BC<D@>:9@?::C@8:89KD8CHMO i:C>DqQL7_KJC=9CEA:8E<H<EA8CGCBC:9K8K<K>FA8K98E<9CM@CKC@G<98>:<:M 98EJC98:;<FFH8E<98>:E<HHCMq>?:9@=Xr8MCzC9N>@JD>@o:A<:ECMQCKC@G<98>: <:Mj8EJC98:;SqizqoQjUVNA8EA@?:K>:9ACiFC:tu7gHFA<7C@GC@ FH<9D>@BOqC:9@CD>@Q<8HN<=L:D>@B<98>:7=K9CBK<9L:M8<:Q<8HN<=KV {iFC:tu78K<:Cl9@CBCH=@?;;CM<:M@CH8<IHC>FC@<98:;K=K9CBOL9KI?8H9X8: <?M898:;DC<9?@CF@>G8MCK?KN89AClECHHC:9KCE?@89=O{jACF@8B<@=EA<HHC:;CD>@ qQL78K9>F@>G8MC<:CDD8E8C:9F<KKC:;C@KC@G8ECI=C:K?@8:;B<l8B?B?F98BC D>@89K@CKC@G<98>:p98EJC98:;<:M8:W?8@=<FFH8E<98>:OjACQ<8HN<=B?K9F@CF<@C EA<@9K9A<9B<FF<KKC:;C@KN89A9AC8@KC<9KV<:MB?K9F>K99ACKCEA<@9K>?9K8MC C<EAE><EAOqizqoQjK>D9N<@CC:<IHCK9ACF@CF<@<98>:>DKJCHC9>:EA<@9K8: <MG<:ECD>@C<EA9@<8:D>@9AC:Cl99A@CCY>?@:C=M<=KOL:M8<:Q<8HN<=_KE?@@C:9 qizqoQj<FFH8E<98>:@CF@CKC:9K<K9C<M=F@>;@CKK8>:>D?K8:;9ACH<9CK9 9CEA:>H>;8CK<G<8H<IHCOL:9ACB8MXfh1bKVL:M8<:Q<8HN<=KD8@K9E>BF?9C@8RCM89K @CKC@GCM98EJC98:;>FC@<98>:>:tg|K=K9CBK@?::8:;tu7OjA8KN<KM>:C D@>BD8GC@C;8>:<HF<KKC:;C@@CKC@G<98>:EC:9@CKVC<EA>DNA8EAN<K<K9<:MX <H>:CK89CN89A89K>N:H>E<HM<9<I<KCOy?@8:;9ACB8MX9>H<9CfhhbKVqQL7 8:9@>M?ECMqizqoQjVNA8EAH8:JCM9ACD8GCF<KKC:;C@@CKC@G<98>:EC:9@CKK>
2342567658692:;<627=5>?4@A7242:>@>=B@9:4@C4:DE4A7;>FD9G6:77F692>4@A >23657242:>@=5>?47:@HD6E:@9>EIJKLMKNCO=5>?KCBP347G66@4GD62> :?Q5>862367658:;672>236Q4776@H65GA>==65:@H7:@HD6RE:@9>E7658:;62>236 Q4776@H657ICOCH:867236F765D>;42:>@254@7Q456@;A=>52369:725:GF269 9424G4767A726?IO3F7S23656765842:>@=5>?>@67242:>@2>4@A>23657242:>@;4@ G6H:86@=5>?47:@HD6E:@9>E;>865:@H2365>F@925:QSE3:;3?64@7Q4776@H657 >@DA34862>724@9:@>@6TF6F6IB@9:4@54:DE4A7Q65=>5?845:>F77658:;672>236 Q4776@H657GAF7:@H:@=>5?42:>@26;3@>D>HAS2367645647=>DD>E7U :V W4776@H65C6765842:>@PA726?P>DF2:>@ ::V X@56765869O:;<62:@HPA726?=>5C4:DE4A7 :::V Y>G:D6O:;<62:@H :8V Z6GO:;<62:@H 8V [:>7<RG4769O:;<62:@H 8:V K6@254D:\69]^AG5:9VO:;<62:@HPA726? 8::V O:?6O4GD64@9P;369FD:@HPA726? 8:::V O54==:;Y4@4H6?6@2PA726?7 :_V W4776@H65B@=>5?42:>@`:7QD4APA726? a7?>564@9?>56Q6>QD62F5@692>236Z6G2>=:@9:@=>5?42:>@4G>F2845:>F7 7658:;67SB@9:4@C4:DE4A796;:9692>Q5>8:96:@=>5?42:>@56D42692>Q4776@H65 56765842:>@72>236QFGD:;>865236B@265@62IB@bcccSKCBP967:H@694@9:?QD6?6@269 B@9:4@C4:DE4A7d>E@Z6G7:26SE3:;356;6:8674724HH65:@HeIb?:DD:>@3:27Q6594AI O367:26:73>7269GAKCBP4@95F@7>@236LQ6@fYPaDQ34P65865QD42=>5?I B@eg1hSKYKP>=2E456;>?Q4@A]47FG7:9:45A;>?Q4@A>=OaOaK>@7FD24@;A P658:;67V9686D>Q69BYWCNPPS23654:DE4A56765842:>@7A726?G4769>@D:@6 254@74;2:>@Q5>;677:@H]LiOWVS=>5236B@9:4@C4:DE4A7SE3:;3347G66@7F;;677=FDDA >Q6542:@H:27:@;6eg12IP:@;6236@S3>E6865S2367A726?347F@965H>@64?4j>5 ;34@H6=>5@62E>5<:@H4DD@>967:@23654:DE4A@62E>5<IO36;F556@27>=2E456:7 KLMKNCOS:?QD6?6@269GA236K6@256=>5C4:DE4AB@=>5?42:>@PA726?7]KCBPVI O36:?Q4;2>=BYWCNPPkKLMKNCO>@2367A726?d7F765747E6DD47>@236B@9:4@ C4:DE4A7347G66@256?6@9>F7IO36G6@6=:27:@;DF967FG724@2:4D748:@H7:@ 254@7Q>5242:>@;>7274@9:@56765842:>@2:?6S26D67;>Q:;=456G6@6=:27=>5;DF7265 j>F5@6A7S569F;69?4DQ54;2:;64@9S4G>864DDS4?>965@S6==:;:6@24@9;>@86@:6@2 7A726?I l>5236C4:DE4A7S23656:77FG724@2:4D569F;2:>@:@;>72Q652:;<62:77F69S?4@Q>E65 748:@H7]4mcQ65;6@2:@;56476:@254@74;2:>@734@9D69Q6594AVS748:@H7:@7Q4;6 56TF:569SD6777256@F>F7E>5<S3:H365Q5>9F;2:8:2A4@9=6E65655>57:@=456 ;>?QF242:>@S;>@;677:>@;4D;FD42:>@7S62;I BYWCNPP:7G6:@H6@34@;69Q5>4;2:86DASF7:@H72426R>=R236R45256D42:>@4D9424G476 ?4@4H6?6@27A726?7>@>Q6@7A726?7IO366@34@;69BYWCNPP:7GF:D245>F@94@ C`nYP;>564@97FQQ>527=FDD;D:6@2R76586545;3:26;2F56IB2;4@4D7>E>5<>@ ;3454;265RG4769265?:@4D7]F769:@23656765842:>@4@9;3452:@H?>9FD67V:@43>72R G47696@8:5>@?6@2I O364QQD:;42:>@347G66@967:H@69474@>Q6@9:725:GF2:>@7A726?S7>234223694244@9 254@74;2:>@8>DF?6;4@G676H56H4269G62E66@?FD2:QD63>727:267IM62E>5<:@H:74@ :@3656@2=642F56>=2364QQD:;42:>@I
456789)*++,-./6-801
12
3456789)*8+,-.785 +,/0..123+527, 4+548
11
6 789:;<=>??@ABCDEF9GEH@IJJAFCKAC8LFEJ8MGI@9FMHC9FBEG9NOP:QEHR G8EFEGC9FSKE@9RC9FTMHEU@VD8MG8EGCE@BFAHCS9HR@MH@CEUU9RECC89KAAWMHL GAIHC9F@CAGEC9FCAJE@@9HL9FF9XI9@C@Y 6 78M@@ABCDEF9GAHBAFT@CAAJ9H@CEHREFR@YZ9HG9VMCGEHK9MHC9FBEG9RCAAC89F EJJUMGECMAH@UMW9EMFUMH9F9@9F[ECMAH@\@C9T@V8AC9UF9@9F[ECMAH@\@C9T@V9CGYV D8MG8EF9EU@AKE@9RAHAJ9H@CEHREFR@Y 6 789:;<=>??@ABCDEF9M@]JEFET9CFMG]MHC9FT@ABRECEEHRKI@MH9@@FIU9@VBAF BEF9GATJICECMAHVF9BIHRFIU9@VGEHG9UUECMAHVKF9EW^AIFH9\FIU9@V9CGYZ9F9V KI@MH9@@FIU9@EF9EU@AW9JCE@RECEMC9T@MHC89KEGWS9HRF9JA@MCAF\MH@C9ERAB K9MHLJEFCABC89EJJUMGECMAHUALMGY789F9BAF9VC89@\@C9TGEHEK@AFKG8EHL9@MH KI@MH9@@FIU9@MTT9RMEC9U\VDMC8AIC8E[MHLCAF9L9H9FEC9C89AK^9GCGAR9Y 6 789EJJUMGECMAHM@@9GIF9RELEMH@CMHCFI@MAHK\CDASU9[9UI@9FEIC89HCMGECMAH@E@ C89CAJTA@CLIEFRY_9UADMCVC89RECEM@@9GIF9RBFAT9`C9FHEUEGG9@@C8FAIL8 TIUCMJU9SU9[9UJFM[MU9L9@YaRECE9HGF\JCMAHBEGMUMC\M@E[EMUEKU9EGFA@@C89 bacCAJF9[9HC8EGWMHLY 6 7MGW9CMHLBAF:HRMEH=EMUDE\@ aUTA@CdeTMUUMAHABC89dfTMUUMAHJ9AJU9D8ATC89=EMUDE\@CFEH@JAFC@9[9F\RE\ CFE[9UAHIHF9@9F[9RCMGW9C@YZEHRUMHLC89T8E@K99HE8IL9JFAKU9TY789:HRMEH =EMUDE\@JUEH@CAGA[9FgehTAF9@CECMAH@MHijjkSjlVEHR9H@IF9C8ECECACEUABkVjjj @CECMAH@8E[9P7?E@AB;EFG8hdVijjgYPHF9@9F[9RCMGW9C@D9F99EFUM9FABB9F9RAHU\ CDA8AIF@K9BAF9C89@G89RIU9RR9JEFCIF9ABCFEMH@Y78M@HACAHU\GEI@9R MHGAH[9HM9HG9CAJE@@9HL9F@NE@C89\DEMCMHUAHLXI9I9@CAJIFG8E@9C89MFCMGW9C@Q KICMCEU@AEBB9GC9RC89:=ER[9F@9U\MHC9FT@ABUA@@MHF9[9HI9@VGITK9F@AT9 F9JAFCMHLEHRMHJAAFR9TEHREHEU\@M@Yb8MU9@AT9ABC89CFEMH@FEHA[9FGFADR9RVC89 AC89F@D9HCJEFCMEUU\[EGEHCY 789MTJU9T9HCECMAHABP7?9UMTMHEC9RC899EFUM9FUEJ@9@MHCMGW9CMHLEHR89UJ9RC89 :=CA@IK@CEHCMEUU\GAHCFAUA[9FGFADRMHLY789@\@C9TGATJFM@9REH9CDAFWAB C9FTMHEU@D89F9BFATC89JE@@9HL9F@GAIURKI\IHF9@9F[9RCMGW9C@BAFEH\^AIFH9\hj RE\@MHER[EHG9Y 789PHF9@9F[9R7MGW9CMHL?\@C9TEUUAD9RER[EHG9JUEHHMHLEHRFECMAHEUEHEU\@M@AB JE@@9HL9FR9TEHR@BAFIHF9@9F[9RGAEG89@Y:CEU@A89UJ9RC89:=CA9BB9GCM[9U\ TAHMCAF@EU9ABCMGW9C@AH[EFMAI@CFEMH@EHRF9LIUEC9C89CFEMHGEJEGMCM9@CAC89 BUIGCIECMHLR9TEHR@ABJE@@9HL9F@YbMC8EHELLF9@@M[9I@9ABU9ERMHL8EFRDEF9VRECE TEHEL9T9HCEHRH9CDAFWC9G8HAUAL\V:=GAIUR@IGG9@@BIUU\ERRF9@@C89H99R@ABC89 JE@@9HL9F@ABIHF9@9F[9RCFEMH@Y aH9CDAFWGA[9FMHLkhVdejFAIC9WT@NE@AH;EFG8hdVijjiQVC89:HRMEH =EMUDE\@CFE[9F@9C89U9HLC8EHRKF9ERC8ABC89GAIHCF\Y>[9HC8AIL8C89FEMUDE\@ 8E[9K99HRM[MR9RMHCAmAH9@BAFK9CC9FTEHEL9T9HCEHRBIHGCMAHEUMC\VC89FEMUDE\ F9@9F[ECMAH@AFC89JFAG9@@BAFKAAWMHLCFEMHCMGW9C@M@G9HCFEUU\GATJIC9FM@9RY nJ9FECMHLdeVeeeCFEMH@REMU\VC89:=o7oAF:HRMEH=EMUDE\oEC9FMHLEHR7AIFM@T oAFJAFECMAHpMTMC9RV9H@IF9@C8ECCFEMH@G89RIU9EHRCFEMHCMTMHL@F9TEMHJFATJCY:H 9BB9GCV:HRMEH=EMUDE\@M@C89UEFL9@CFEMUDE\@\@C9TMHC89DAFURCAK9BIHGCMAHMHL IHR9FE@MHLU9TEHEL9T9HCY Y 789TA@CGA@C9BBMGM9HCTAR9ABCFEH@JAFCV:HRMEH=EMUDE\@9H^A\JF9B9F9HG9A[9F AC89FJIKUMGCFEH@JAFC@\@C9T@YP@9R9`C9H@M[9U\BAFJE@@9HL9FEHRBF9ML8CCFEH@B9FV :HRMEH=EMUDE\@JFA[9@MC@9UBC89BAF9FIHH9FMHC89CFEH@JAFC@9GCAFE@C89TA@C EBBAFREKU9VGAH[9HM9HCEHRD9UUGAHH9GC9RH9CDAFWYbMC8C8AI@EHR@ABFEMUDE\ @CECMAH@EGFA@@C89GAIHCF\V@IJ9FMAF@EB9C\@CEHREFR@VUAD9F9H[MFAHT9HCEU8EmEFREHR F9UECM[9U\UADCFEMHBEF9V:HRMEH=EMUDE\@M@C89BMF@CG8AMG9BAFCFEH@B9FLAAR@EHR GATTARMCM9@ Y
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
456789)*++,-./6-801
[-\]95^_`abcb80,-059/-,6-.)5695159d/6-801e165f
2473N;E4@HCC6;749B;EE;9B6D697C54A6UKg746EFUKh746EFUKi746EFUKK3;4EK;EF j566I6E;9:k696E;549D@C75@9B:4C7;9G67E;49C;9:;9@736EE;9B6@JC6;7;N;45;?4547> 49736D67E@7E;49C=47349HE?;9;E6;CF73689:4;9<;45=;>C@JJ6EC;I5673@E;@J G3@4G6CSLE;N6556ECG;97;A67364EI4GA;9:69l@>736G@9N69469G6;9:;JJ@E:;?4547>@J 734CD@:6@J7E;9CI@E7S L3654C7@Jf/m89`0n-/0a/-,7/eo80514C;CJ@55@=Cp b5069/,`0n-/0a/-,7/e1_L34C4C736@5:6C7@J89:4;9E;45=;>R@96C;9:@96@J736 5;EB6C7@J736gqR@96CJ@ED6:?>89:4;9E;45=;>CS r/16590`0n-/0a/-,7/e1_L36s;C76E9<;45=;>Ms<QR@964C@96@J7364DI@E7;97 89:4;9<;45=;>R@96CS247347C36;:VH;E76EC49t@5A;7;F736s;C76E9u@964C:4N4:6: JHE736E497@J@HE:4N4C4@9C9;D65>v;5:Fw@=E;3FUC;9C@5;9:j6;5:;3J@E?6776E =@EA49BS 4896x590`0n-/0a/-,7/e1_874C@96@J7369496@5:6ER@96C@J89:4;9<;45=;>CSZ6= y6534F7369;74@9;5G;I47;5@J89:4;C6EN6C;C36;:VH;E76EC@J734C89:4;9<;45=;>u@96 z8]6x590`0n-/0a/-,7/e1_L34C4C736J4EC7R@96J@ED6:;J76E89:4;B@754?6E;76: 12
456789)*+9,-./896 ,-01//234,6385,659
789:;8<=<>?@ABCDE9A=?C8FGFH<IF@I<BJIKL9FCJI>C>=IMB<>?CH9FNO8<BPQRP1SP MKT9:M<FI=<9F97IBJIK>97=?8CC>=I=C>D U5.659-V-03,-W,327,6.XY?<>GFH<IF8I<BJIK>Z9FC<>I:9F[>==?C:9>=?A>=B<F[ IFHB<\CBK8I<BFC=J98]>97=?CT9AF=8KDY?C?CIH^AI8=C8>97_C>=C8FGFH<IF@I<BJIK <>><=AI=CH<F`A:MI<T<=KD
a bc54)d8e9f98g95..h
PD ECBCT==?C8<[?=T?9<TCD Ii _?<T?97=?C79BB9J<F[<HCF=<7<C>I>OCT<7<TJCMOI[CIFH<=>T9:OA=C89F =?C_CMj Ni _CM><=C ;i _CM><=CIHH8C>> ki l@m ni n9:I<FoI:C pppppppppppppppppppppppppppppppp pppppppppppppppppppppppppppppppp Mi _?I==KOC97=CBCT9::AF<TI=<9F>?I8HJI8CIBB9J>K9A=9ITTC>>=?CJCMj Ni ;89J>C8 ;i `9HC: ki qYrO89=9T9B ni G@k pppppppppppppppppppppppppppppppp pppppppppppppppppppppppppppppppp Ti Y?C:I<B>C8\C8I>HC7<FCH<F=?C=Cs=A>C>=?CttttttttttO89=9T9BD Ni uYYr ;i qYr ki rvr ni E`Yr pppppppppppppppppppppppppppppppp pppppppppppppppppppppppppppppppp wD n<>TA>>>=IFHI8H>97C:I<BO89=9T9Bj pppppppppppppppppppppppppppppppp pppppppppppppppppppppppppppppppp pppppppppppppppppppppppppppppppp pppppppppppppppppppppppppppppppp xD _8<=CIF9=C9F>9T<IBFC=J98]<F[>C8\<TCj pppppppppppppppppppppppppppppppp pppppppppppppppppppppppppppppppp pppppppppppppppppppppppppppppppp pppppppppppppppppppppppppppppppp 12
234 546789*:574;<*854=
456789)*++,-./6-801
>?@ABCDEFA?GHDBF?IJKGLBFMKGNEHKKOLHD?IKA@JDEDMKEPKK?QDBFARGABID?FSDEFA?GT UKAUVKD?JEKLH?AVAIFKGWX YHKBKDBKGKQKBDVEZUKGA@F?@ABCDEFA?GHDBF?I[ \ >?@ABCDEFA?GHDBKJMZF?JFQFJRDVG]GRLHDGDQFJKAGHDBKJA?^DLKMAA_AB `ARYRMKaX \ >?@ABCDEFA?GHDBKJMZABID?FSDEFA?G]GRLHDGEHKbcc@KKJA@D?A?VF?KPKDEHKB BKUABEaX \ >?@ABCDEFA?GHDBKJMKEPKK?@FBCPDBKdGA@EPDBK]cRLHDGEHK>eDJJBKGGKGA@ DQDFVDMVK?KEPAB_?AJKGABEHKDQDFVDMFVFEZA@JFG_GUDLKaX YHKDJQK?EA@PFJKJFGEBFMREKJ?KEPAB_GTF?EBD?KEGTLBAGGfUVDE@ABCLACUDEFMFVFEZT DUUVFLDEFA?UABEF?ITD?JGED?JDBJFSDEFA?A@>eUBAEALAVGHDQKDVV@DLFVFEDEKJEHKHRIK IBAPEHF?IVAMDVF?@ABCDEFA?GHDBF?IX gHK?FELACKGEAUKBGA?DVF?@ABCDEFA?HAPKQKBT?ACDEEKBHAPKDGZFEFGEAUABEEHK DLERDVJDEDTEHKBKDBKVDPGF?CAGELAR?EBFKGUBAHFMFEF?IEHKGHDBF?IA@UKBGA?DVJDED PFEHAREKOUVFLFEUKBCFGGFA?MKF?IIBD?EKJX>?EHKhcD?JiRBAUKFEFGDLBFCF?DV A@@K?GKEAGHDBKD?ZUKBGA?DVJDEDDMARED?ZA?KPFEHAREGRLHKOUVFLFEUKBCFGGFA?X X YHKBKFGUVK?EZA@AEHKBF?@ABCDEFA?GHDBF?IEHDEJAKG?AE@DVVR?JKBEHKVDPD?J F?@ABCDEFA?GHDBF?IFGF?LBKDGF?IDGCABK?KEPAB_GD?JABID?FSDEFA?GLA??KLED?J F?@ABCDEFA?MKLACKGKDGFKBEAGHDBKDLBAGGEHKF?EKB?KEX jDEDPDG@ABCKBVZ@BKkRK?EVZ_KUEF?GFVAGD?JA@EK??AEGHDBKJDCA?IAEHKBK?EFEFKG JRKEAFEGUBAUBFKEDBZT?A?fUABEDMVK@ABCDEABEHKF?DMFVFEZEAFCUABEdKOUABEJDEDXiQK? GFCUVKFEKCGGRLHDGJDEKGPKBKGEABKJF?DPHAVKBD?IKA@JF@@KBK?E@ABCDEGCD_F?I EHKGHDBF?IA@GRLHDGFCUVK@FKVJDUAEK?EFDV?FIHECDBKXYHKGDCKDUUVFKJEADPHAVK BD?IKA@JDEDTD?JKQK?F@FEPDGLACUDEFMVKFEPDGA@EK??AEUAGGFMVKEAUHZGFLDVVZ EBD?G@KBEHKJDED@BACA?KUVDE@ABCEAD?AEHKBX X YAJDZEHKGKUBAMVKCGHDQKDVVMKK?LAJKJARED?JF?@ABCDEFA?GHDBF?IFGLACCA? MKEPKK?LACUREKB?KEPAB_GlF?@ABCDEFA?GHDBF?IHDGMKLACKKGUKLFDVVZUBKQDVK?EJRK EAGALFDV?KEPAB_F?IXYHKGKm2GELK?ERBZ?KEPAB_CAJKVGDLEFQKVZK?LARBDIKEHK GHDBF?IA@F?@ABCDEFA?DLBAGGGALFDV?KEPAB_GX ^DLKMAA_HDGnopCFVVFA?DLLAR?EGT`ARYRMKHDGAQKBqppCFVVFA?D?JEHKAEHKB GALFDV?KEPAB_F?IGFEKGD?JDUUVFLDEFA?GHDQKKGEDMVFGHKJMKEPKK?EHKCDGHDBF?I ?KEPAB_A@AQKBDMFVVFA?UKAUVKX>?EKBCGA@F?@ABCDEFA?GHDBF?IEHFGFGDIVAMDV UBAUABEFA?PFEHDVCAGE2pr A@EHKPABVJsGUAURVDEFA?GHDBF?IF?@ABCDEFA?DLBAGG LACCA??KEPAB_GBKIRVDBVZX X t@EKBEHKEKBBABFGEDEEDL_GA@cKUEKCMKB22EHTF?@ABCDEFA?GHDBF?IMKLDCKA?KA@EHK h?FEKJcEDEKGIAQKB?CK?EsGIADVGF?JKQKVAUF?IEHKFBBKGARBLKGEAEBZEADQKBEGRLH DEBALFEFKGX>EPDGCD?JDEKJDCA?IIAQKB?CK?EDIK?LFKGD?JJKUDBECK?EGEHDE UKBGA??KVLBKDEKDCKEHAJAVAIZ@ABBKIRVDBVZGHDBF?IBKVKQD?EF?@ABCDEFA?XYHKhc ?KKJKJF?@ABCDEFA?GHDBF?IFCUBAQKCK?EGEABKGUA?JEAQDBFARGEHBKDEGCABK K@@KLEFQKVZXYHKVKGGA?PDGVKDB?KJEHDEPHK?F?@ABCDEFA?FGHADBJKJF?GEKDJA@ GHDBKJTEHAGK?KKJF?IFECDZ?AEMKDMVKEABKDLEF?DEFCKVZCD??KBhGF?IF?@ABCDEFA? GHDBF?IF?EKVVFIK?EVZHDGMKK?GHAP?EAMKDCABKK@@KLEFQKPDZEACD?DIKD?Z ABID?FSDEFA?lDIAQKB?CK?EABDMRGF?KGGX X 12
456789)*+9,-./896 ,-01//234,6385,659
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
XYZ [5[\+]^4_\`^a[]414\[
7>?@>AHD@H:9=;=8BH:9<:KH;8789:;<=>?:8=8KO:<<D8?C=>?:8bHCA8:E:B?H@@DCA =@78>H;8H>Ic:C=Ed;H=eH>L:;P@I<:G?EH@H>CNGFf:MH;8<H8>>:?<J;:MH>AH H99HC>?MH8H@@IH99?C?H8CFI@H;M?CHKHE?MH;F=8K>:J;:<:>HKH<:C;=CFNghf:MH;8<H8> C=8>;=8@9:;<C?>?UH8@H;M?CHIJ;:M?KH=CCH@@>:?89:;<=>?:8>:H<J:LH;C?>?UH8@I H8=GEH>AH?;J=;>?C?J=>?:8?8B:MH;8<H8>=8KH8A=8CHC?>?UH8HC:8:<?C=8K@:C?=E :JJ:;>D8?>?H@I@:>A=>>AHFC=8<=PHGH>>H;E?MH@I9:;>AH<@HEMH@=8K9:;>AH8HT> BH8H;=>?:8Nf:MH;8<H8>@=;H@JHC?=E?UHK?8@>?>D>?:8@>A=>C:8>;?GD>H>:B:MH;8=8CHN iHJ;H@H8>=>?MHB:MH;8<H8>@@HHP=8K;HCH?MHC?>?UH8@DJJ:;>IGD>>AHF=E@:8HHK>AH =C>?MHC::JH;=>?:8:9>AH?;JDGE?C@H;M=8>@Nf:MH;8=8CH?@>AH:D>C:<H:9J:E?>?C@I J:E?C?H@I=8KJ;:B;=<@N bAHJ;?<=;FKHE?MH;F<:KHE@:9Hhf:MH;8<H8>C=8GHK?M?KHK?8>:j k f:MH;8<H8>h>:hO?>?UH8:;f:MH;8<H8>h>:hO:8@D<H;Rf2OS k f:MH;8<H8>h>:hlD@?8H@@Rf2lS k f:MH;8<H8>h>:hf:MH;8<H8>Rf2fS k f:MH;8<H8>h>:hg<JE:FHH@Rf2gS m?>A?8H=CA:9>AH@H?8>H;=C>?:8K:<=?8@I9?MHP?8K@:9=C>?M?>?H@>=PHJE=CHj nN 789:;<?8B>AHC?>?UH8 2N iHJ;H@H8>?8B>AHC?>?UH8 oN g8C:D;=B?8B>AHC?>?UH8>:M:>H pN O:8@DE>?8B>AHC?>?UH8 qN 78M:EM?8B>AHC?>?UH8 bAHDE>?<=>HB:=E:9>AHghf:MH;8<H8>?@>:GH=GEH>::99H;=8?8C;H=@HKJ:;>9:E?::9 JDGE?C@H;M?CH@>:C?>?UH8@?8=8H99?C?H8>=8KC:@>H99HC>?MH<=88H;NghB:MH;8<H8> =EE:L@9:;B:MH;8<H8>>;=8@J=;H8CFNf:MH;8<H8>>;=8@J=;H8CF?@?<J:;>=8>GHC=D@H?> =EE:L@>AHJDGE?C>:GH?89:;<HK=G:D>LA=>>AHB:MH;8<H8>?@L:;P?8B:8=@LHEE=@ >AHJ:E?C?H@>AHF=;H>;F?8B>:?<JEH<H8>Nr?<JEH>=@P@<=FGHH=@?H;>:JH;9:;< >A;:DBAHEHC>;:8?CB:MH;8<H8>=CCH@@Ns=8FCA=8BH@I@DCA=@<=;?>=E@>=>D@:; =KK;H@@CA=8BH@C=8GH=E:8BJ;:CH@@=8K>=PH=E:>:9J=JH;L:;P9:;C?>?UH8@Ngh B:MH;8<H8>=EE:L@>AH@H>=@P@>:GHJH;9:;<HKH99?C?H8>EFL?>A<:;HC:8MH8?H8CH>: 12
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
456789)*++,-./6-801
12
456789)*+9,-./896 ,-01//234,6385,659
738995:;456789)194<365469958=>?@8A59-,-45BC89945;<66/;DD777BE,/36B88AB3-
FGHIJKLMNGNOHPKHNQJONLJRKSSJOOHTIJUVWNGLTPPJHPNJQJWNUJOKGLUNGXJLNGWTPMKHNTG SKGGTYZJOHTPJLNGLKHKZKOJOQJPO[OIKPLSTVNJOOHTPJLNGQKPNT[OUTSKHNTGO\ ]GLNQNL[KUOYNHILNOKZNUNHNJOTPSTGLNHNTGOGTUTG^JPIKQJHTZJMTZNUJHTZJKSHNQJNG ^TQJPGMJGHKGLSKGZJNGHIJSTMWTPHTWHIJNPTYGITMJO\ _IJVPNMKP`LJUNQJP`MTLJUOTWJabTQJPGMJGHKPJSUKOONWNJLLJVJGLNG^TGYIT ZJGJWNHO\]GHIJLJQJUTVMJGHTWV[ZUNSOJSHTPTPVPNQKHJOJSHTPVTPHKUOKGLVUKHWTPMORK O`OHJMNOSPJKHJLHIKHZJGJWNHOKUUSTGOHNH[JGHO\cNHNdJGOGJJLNG^HTPJGJYHIJNPQJINSUJ PJ^NOHPKHNTGIKQJKSTGQJGNJGHYK`HTKSSTMVUNOINHYINUJKUPJKL`JG^K^JLNGMJJHNG^ HIJPJ^[UKHTP`NGOVJSHNTGPJe[NPJMJGH\FGZJIKUWTWK^TQJPGMJGHVKPHGJPRZ[ONGJOO VPTQNLJOYIKHIKOHPKLNHNTGKUU`RKGLOTUJU`RMKGK^JLZ`^TQJPGMJGHKGLSKG[OJHINO OJPQNSJHT^JGJPKHJVPTWNHTPKHHPKSHGJYS[OHTMJPO\bTQJPGMJGHK^JGSNJOKPJPJUNJQJL TWHIJSTOHKGLSTMVUJfNH`TWIKQNG^HTVPTSJOOHIJHPKGOKSHNTGO\ _TLJQJUTVHIJOJV[ZUNSOJSHTPVTPHKUOTPVUKHWTPMOR^TQJPGMJGHOIKQJHIJSITNSJHT NGHJPGKUU`LJQJUTVKGLMKGK^JRT[HOT[PSJRTPON^GKOJUWaW[GLNG^STGHPKSH\_IJOJUWa W[GLNG^MTLJUSPJKHJOVTPHKUOHIKHVK`WTPHIJMOJUQJOHIPT[^ISTGQJGNJGSJWJJOWTP SJPHKNGJa^TQJPGMJGHHPKGOKSHNTGORXGTYGKOOJUWaW[GLNG^VTPHKUO\ gTSNKUGJHYTPXNG^NOKGJMJP^NG^KPJKWTPJaLJMTSPKS`\_IJOTSNKUGJHYTPXNG^JGHP` VTNGHNOYNHINGHIJSNHNdJGOhJGQNPTGMJGHKGLHIJJG^K^JMJGHNOTGHIJSNHNdJGOhHJPMO\ iPTVTGJGHOTWJa^TQJPGMJGHVJPSJNQJ^TQJPGMJGH[OJTWOTSNKUGJHYTPXOKOKMJLN[M HTIJUV^TQJPGMJGHKSHMTPJUNXJHIJV[ZUNSNHOJPQJO\jfKMVUJOSKGZJWT[GLKH KUMTOHJQJP`OHKHJ^TQJPGMJGHVTPHKUHIPT[^IkKSJZTTXR_YNHHJPR KGLlT[_[ZJYNL^JHO\bTQJPGMJGHKGLNHOK^JGHOKUOTIKQJHIJTVVTPH[GNH`HTWTUUTY SNHNdJGOHTMTGNHTPOKHNOWKSHNTGYNHIOJPQNSJOHIJ`PJSJNQJ\_IPT[^ImNOHgJPQORngg WJJLORMTZNUJMJOOK^NG^RMNSPTaZUT^^NG^OJPQNSJOKGLZUT^OR^TQJPGMJGHKGLNHO K^JGSNJOSKGOIKPJNGWTPMKHNTGHTSNHNdJGOYITOIKPJSTMMTGNGHJPJOHOKGLSTGSJPGO\ bTQJPGMJGHNOKUOTZJ^NGGNG^HT_YNHHJP\ >?@8A59-E5-67899E 12
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
456789)*++,-./6-801
J%%%%%KL5NO%P8R9%T98U95VV%W%
X:% $&$#'%'0$%(!*0'%#0)!#$:% 5>% Y0/%2)%.$%-')($%!"8)(,5'!)"Z%A)%($8$(%')%!'[%% 9E>%Y0$"%5%2$#!-!)"%!-%')%6$%,52$%)(%')%#)"8!(,%5%85#':% 9\>%<8%'0$%)(!*!"5&%25'5%!-%&)-'%)(%#)((17'$2:%% 9;>%%E"5&/D$%')%,5H$%-),$%!"'$(7($'5'!)"3%$C7&5"5'!)"%)(%($-)&1'!)"% .!'0%!':%% 9@>%@!-'(!61'$%8)(%81('0$(%1-$%% 9]>%%E&&%)8%'0$%56)+$:% ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^% ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^% 6>% _)-'%)8%'0$%$&$#'()"!#%75/,$"'%-/-'$,-%)"%!"'$("$'%1-$%````````%')% $"-1($%#)"8!2$"'!5&!'/%5"2%-$#1(!'/%)8%'0$%75/,$"'%!"8)(,5'!)":% 9E>%a15"'1,%;),71'!"*% 9\>%;(/7')*(570/% 9;>%\)'0%9E>%b%9\>% 9@>%c)"$%)8%'0$%56)+$% ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^% ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^% #>% E"%$&$#'()"!#%#0$#H%6))H%2$+!#$%!-%5%#),6!"5'!)"%)8% 9E>%d5(2.5($%5"2%5%2!*!'5&%-!*"5'1($% 9\>% )8'.5($%5"2%!"8)(,5'!)"%56)1'%1-$(%% 9;>% $#1($%05(2.5($%5"2%-)8'.5($% 9@>%c)"$%)8%'0$%56)+$% ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^% ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^% e:% @!-#1--%'0$%f)5&4-%)8%$B*)+$(",$"'Z% ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^% ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^% ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^% ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^% g:% Y(!'$%5%")'$%)"%-)#!5&%"$'.)(H!"*%-$(+!#$Z% ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^% 12
456789)*+9,-./896 ,-01//234,6385,659
77777777777777777777777777777777 77777777777777777777777777777777 77777777777777777777777777777777
89: ;45<4=>?;@=AA<4B14C@;551D;?1+<;4A
EFGHGIJKL8-23-5LMNOL8PP23-5LQMRKSKHTRUVGOMKL8-W23-5LMNOL8PPW23-5LXFMYG KZG[U\U[JGMNUN]KUNIG]MIOHS[SJZ^HGIHG[FNSRS]TMNOHGRG[SJJ^NU[MHUSNK_`N ]GNGIMRaLSNRUNGLUNOU[MHGKMKHMHGS\[SNNG[HUYUHTabFURGLS\\RUNGLUNOU[MHGKM OUK[SNNG[HGOKHMHG_`N[SJJSN^KM]GaLSNRUNGLS\HGNIG\GIKHSHFG`NHGINGHSI HFGcSIROcUOGcGd_ EFG[SN[GZHKFMYGFSbGYGIdGGNGeHGNOGO\ISJHFGUI[SJZ^HUN]MNO HGRG[SJJ^NU[MHUSNJGMNUN]KUNHSHFGMIGMS\F^JMNUNHGIM[HUSNMNO[SNYGIKMHUSNa K^[FHFMHGYGNS\\RUNG[MNdG^KGOUN[SNHIMKHHSHFG[SJJSN^KM]GS\SNRUNG_fSI GeMJZRGaOUK[^KKUSNKHMgUN]ZRM[GO^IUN]Md^KUNGKKJGGHUN]MIGLSNRUNGLabFURGUKK^GK HFMHOSNSH[SN[GINMRRZMIHU[UZMNHKS\HFGJGGHUN]KFS^ROdGLHMgGNS\\RUNGLh [SNHUN^GOS^HKUOGS\HFGJGGHUN]_ ESdG[SNKUOGIGOSNRUNGaSNGS\HFG\SRRSbUN]J^KHMZZRTHSMOGYU[Gi j kNOGIHFGOUIG[H[SNHISRS\MNSHFGIOGYU[G j kNOGIHFGOUIG[H[SNHISRS\HFGlmlnop bUHFbFU[FUHUKMKKS[UMHGO j qYMURMdRG\SIUJJGOUMHG^KGSNOGJMNOdTHFGKTKHGJbUHFS^HF^JMN UNHGIYGNHUSN j rSNNG[HGOHSMKTKHGJaMNOUKUNSZGIMHUSN j f^N[HUSNMRMNOIGMOT\SIKGIYU[G `N[SNHIMKHaMOGYU[GHFMHUKS\\RUNGJGGHKNSNGS\HFGKG[IUHGIUMQG_]_aUHKJMUNZSbGI KS^I[GUKOUK[SNNG[HGOSIH^INGOS\\aSIUHUKS\\sZSbGIX_ qNSNRUNGKTKHGJUKOU\\GIK\ISJMNS\\RUNGKTKHGJUNHFMHHGJZRMHGKMIGGJZRSTGO bFGNGYGIHFG^KGIUNKGIHK[SNHGNHUNHSMbGdZM]G\SIZ^dRU[MHUSN_EFGKGHGJZRMHGK MIGMKMUOHSdGtSNOGJMNOuUNHFMHHFGTMIGMZZRUGOMKZGIHFG^KGIuKIGv^UIGJGNHK_ rSNHGNHUKKHSIGOUNMOMHMdMKGbFU[FUKMJMNOMHSITIGv^UIGJGNHaGKZG[UMRRTU\HFG ^KGIbUKFGKHSYUGbaMJGNOSI^Z]IMOGHFMH[SNHGNH_ EGJZRMHGZIS[GKKUN]HMgGKZRM[GMKMNObFGNIGv^GKHGO[SJZMIGOHSS\\RUNG KTKHGJKbFU[FZIGsZIS[GKKMRRS\HFGUI[SNHGNHMNOMZZRTHFGUIHGJZRMHGKdG\SIGFMNO_ wNGMOYMNHM]GS\MNSNRUNGZIS[GKKUN]UKUHKGeHGNKUdURUHTbFU[FJGMNK]IGMHGI \^N[HUSNMRUHTUNHFG\SIJS\MOOsSNuKK^[FMKUJM]G]MRRGIUGKa\SI^JabUgUKMNOdRS]K_ EFUKK[MRMdURUHTUKMNUJZSIHMNH\GMH^IGS\HFGKGHTZGKS\rxy_ wHFGIMOYMNHM]GKUN[R^OGi j EFG^KGIYUGbK[SNHGNHUNIGMRsHUJGQZ^dRUKFGOX j EFG^KGIUKSNRTKFSbNIGRGYMNH[SNHGNHaG_]_[SNHGNHbFU[FUKS^HS\OMHGUK bUHFOIMbNSN[GUHFMKIGM[FGOUHuKtKGRRdTOMHGu_ j EFG[SNHGNH[MNdGM[[GKKGOdTJ^RHUZRGM^HFSIKzGOUHSIKUNMYMIUGHTS\ RS[MHUSNK_ j rSNHGNH[MNdGJMUNHMUNGO\ISJMNTRS[MHUSNbFU[FFMKUNHGINGHM[[GKK_ 12
23456789:549;6;3:9;<=46>9<9;4?:8@AB54C9A67:8D56786>=4E>6E?C8@45B4;6 ;34>C@;;3C;4F4E<;:?4CB94EF:479C=CD4G;3C;=CD4:9E4;E:4F45>E6?;345C;CHC94 73:@39A6795678;34=E6@499:8D9=4454I=6848;:CAA<J 23:99<9;4?E4KB:E49C>C9;@6884@;:68C85C8B=;65C;4HE6794E49=4@:CAA<:8E4DCE5 ;6@68;48;@E4C;:68JL6;36>;3494CE4:?=E6F:8DCAA;34;:?4HB;=4E>6E?C8@49=4459 CE4KB:@M4E68CA6@CA@6?=B;4EC9B945>6EC86>>A:849<9;4?J N8,,/O89/6-80:976EM:8D;6D4;34E;6C@3:4F4CD6CAJP;:9CE4@BE9:F4=E6@499734E4 ;766E?6E4=46=A46E6EDC8:QC;:68976EM;6D4;34E;6E4CA:Q493CE45D6CA9GR;3:9:9 ?6E4;3C8;34:8;4E94@;:686>@6??68D6CA99448:8@6S6=4EC;:F4F48;BE49GHB;C544=G @6AA4@;:F4G54;4E?:8C;:68;6E4C@3C8:548;:@CA6HT4@;:F4JU69;@6AACH6EC;:68 E4KB:E49A4C54E93:=GCA;36BD3;34>6E?6>A4C54E93:=@C8H496@:CA7:;3:8 C54@48;ECA:Q45C854DCA:;CE:C8DE6B=JP8=CE;:@BACEG;4C?9;3C;76EM@6AACH6EC;:F4A< @C86H;C:8DE4C;4EE496BE@49GE4@6D8:;:68C85E47CE57348>C@:8D@6?=4;:;:68>6E >:8:;4E496BE@49JV6AACH6EC;:68:9CA96=E4948;:86==69:8DD6CA94I3:H:;:8D;3486;:68 6>C5F4E9CE:CA@6AACH6EC;:68G;36BD3;3:9:986;C@6??68@C94>6EB9:8D;3476E5J W;EB@;BE45?4;36596>@6AACH6EC;:6848@6BECD4:8;E69=4@;:686>H43CF:6EC85 @6??B8:@C;:68J23494?4;36599=4@:>:@CAA<C:?;6:8@E4C94;349B@@4996>;4C?9C9 ;34<48DCD4:8@6AACH6EC;:F4=E6HA4?96AF:8DJX6E?9GEBHE:@9G@3CE;9C85DEC=39CE4 B94>BA:8;34949:;BC;:689;66HT4@;:F4A<56@B?48;=4E968CA;EC:;97:;3;34D6CA6> :?=E6F:8D=4E>6E?C8@4:8@BEE48;C85>B;BE4=E6T4@;9J YZ+518[N8,,/O89/6-801\ ]98^5.6_/0/`5_506 aE6T4@;UC8CD4?48;54F4A6=45>E6?5:>>4E48;>:4A596>C==A:@C;:68:8@AB5:8D @689;EB@;:68G48D:844E:8DGC8554>4894J b5/90-0`.8__c0-6Z dA4CE8:8D@6??B8:;<:9CDE6B=6>=46=A473693CE4@6??684?6;:689GFCAB496E H4A:4>9GCE4C@;:F4A<48DCD45:8A4CE8:8D;6D4;34E>E6?4C@36;34EGC85H<3CH:;BC;:68J WB@3@6??B8:;:493CF4H4@6?4;34;4?=AC;4>6EC@636E;S HC945G:8;4E5:9@:=A:8CE<C==E6C@3;63:D34E45B@C;:68J23:9?C<H4HC94568C8 C5FC8@45M:856>45B@C;:68CA6Ee=45CD6D:@CAe549:D8J;34=CE;:@:=C8;96>A4CE8:8D @6??B8:;<?B9;>44A96?4948946>A6<CA;<C85H4A68D:8D;6;34DE6B=R?4?H4E93:=f ;3C;5E:F4;34:E549:E4;6M44=76EM:8DC8534A=:8D6;34E9GCA96;34;3:8D9;3C;;34 =CE;:@:=C8;56:8?B9;C>>4@;73C;3C==4845:8;34@6??B8:;<G;3C;?4C89GC8C@;:F4 C8586;TB9;CE4C@;:F4=4E>6E?C8@4R:8>AB48@4fJL49:549CA4CE8:8D@6??B8:;<?B9; D:F4;34@3C8@4;6;34=CE;:@:=C8;9;6?44;=CE;:@BACE84459R>BA>:AA?48;fH<4I=E499:8D =4E968CA6=:8:689GC9M:8D>6E34A=6E9=4@:>:@:8>6E?C;:68C8593CE49;6E:496>4F48;9 7:;3=CE;:@BACE:99B4:8@AB545R4?6;:68CA@6884@;:689f4?6;:68CA4I=4E:48@49J gc1-0511 V6AACH6EC;:68:8HB9:8499@C8H4>6B85H6;3:8;4ESC85:8;ECS6EDC8:QC;:68C85EC8D49 >E6?;349:?=A:@:;<6>C=CE;84E93:=C85@E675>B85:8D;6;34@6?=A4I:;<6> C?BA;:8C;:68CA@6E=6EC;:68JV6AACH6EC;:68H4;7448;4C??4?H4E9CAA679>6EH4;;4E @6??B8:@C;:687:;3:8;346EDC8:QC;:68C85;3E6BD36B;;349B==A<@3C:89JP;:9C7C< 6>@66E5:8C;:8D5:>>4E48;:54C9>E6?8B?4E6B9=46=A4;6D484EC;4C7:54FCE:4;<6> M867A45D4JV6AACH6EC;:687:;3C94A4@;45>47>:E?9C96==6945;6@6AACH6EC;:687:;3 CACED48B?H4E6>5:>>4E48;>:E?93CF4H44893678;6=69:;:F4A<:?=C@;>:E? =4E>6E?C8@4C85:886FC;:686B;@6?49J234E4@48;:?=E6F4?48;:8;4@386A6D<3C9 =E6F:545;3476EA57:;33:D39=445:8;4E84;G7:E4A499@6884@;:68GC8574HSHC945 @6AACH6EC;:68;66A9A:M4HA6D9GC857:M:9GC853C9C99B@3@E4C;45Ch?C99 @6AACH6EC;:68Jha46=A4>E6?CAA6F4E;3476EA5CE44>>:@:48;A<CHA4;6@6??B8:@C;4C85
456789)*++,-./6-801
12
456789)*+9,-./896 ,-01//234,6385,659
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`7K@7<B;77;BD<:?BO;B>CE?JJ9K?:9><?B<B>;E8B?J?AH ;BE?OI977;79K:?9=:9BA;?F>??J7>89>;B9KJ;A:?@I7?FI;?IJ;>?G?:N>?A;>8;: <BEJ@=<BA7?E<9JB;>G?:N<BAC<B7>9B>O;779A<BAC>;9O7I9E;7CG;K789:<BAC9@=<? E?BF;:;BE<BACD<=;?C9B=>;J;I8?BHLa:?9=JH=;F<B;=C9BH>;E8B?J?AH>89>F9E<J<>9>;7 J<BN<BA?F>G??:O?:;8@O9B7>?G?:N>?A;>8;:E9BK;E?B7<=;:;=9E?JJ9K?:9><D; >??JLb<N<I;=<9CaJ?A7C;D;BMG<>>;:9:;E?JJ9K?:9><D;>??J7Lc9BHJ9:A;E?OI9B<;7 9:;=;D;J?I<BA;B>;:I:<7;E?JJ9K?:9><?B7>:9>;A<;79B=7>9B=9:=<W<BA?B9E?JJ9K?:9><?B IJ9>F?:O>?9JJ?G>8;<:;OIJ?H;;7CE@7>?O;:79B=I9:>B;:7>?<B>;JJ<A;B>JHE?BB;E>9B= <B>;:9E>L
def ghij5P1kk5jl1+jh4m
no8p325,//234,638-q?:o8p325,//r<797?F>G9:;9IIJ<E9><?B=;7<AB;=>?:@B ?B7O9:>I8?B;7C>9KJ;>E?OI@>;:79B=?>8;:O?K<J;=;D<E;7LM8;H9:;9D9<J9KJ; >8:?@A89IIJ<E9><?B=<7>:<K@><?BIJ9>F?:O7CG8<E89:;>HI<E9JJH?I;:9>;=KH>8;?GB;: ?F>8;O?K<J;?I;:9><BA7H7>;OC7@E897>8;nIIJ;nII\>?:;CR??AJ;UJ9HCb<B=?G7 U8?B;c9:N;>IJ9E;9B=aJ9ENa;::HnIIb?:J=L\?O;9II79:;F:;;CG8<J;?>8;:7 89D;9I:<E;Ls7@9JJHC>8;H9:;=?GBJ?9=;=F:?O>8;IJ9>F?:O>?9>9:A;>=;D<E;C7@E8 979B<U8?B;CaJ9ENa;::HCnB=:?<=I8?B;?:b<B=?G7U8?B;tCK@>7?O;><O;7>8;H E9BK;=?GBJ?9=;=>?J;77O?K<J;E?OI@>;:7C7@E897J9I>?I7?:=;7N>?I7Lu?:9II7 G<>89I:<E;CA;B;:9JJH9I;:E;B>9A;CvwZxwyCA?;7>?>8;=<7>:<K@><?BI:?D<=;:q7@E8 97<M@B;7rC9B=>8;:;7>A?;7>?>8;I:?=@E;:?F>8;9IIL M8;I?I@J9:<>H?FO?K<J;9IIJ<E9><?B7897E?B><B@;=>?:<7;C97>8;<:@79A;897K;E?O; <BE:;97<BAJHI:;D9J;B>9E:?77O?K<J;I8?B;@7;:7L u?:O?K<J;9IIJ<E9><?B7C>8;F<[;=>;J;I8?B;7H7>;O<7B?>7@<>9KJ;Lc?K<J;I8?B;79:; E@::;B>JH<BG<=;7I:;9=@7;F?:D?<E;9B=G<JJ7??BK;<BG<=;7I:;9=@7;F?:=9>9LM8; F<:7>A;B;:9><?BG979B9J?AC=?O<B9>;=KHncU\LM8;7;E?B=A;B;:9><?BG97=<A<>9JC G<>8_ZncU\CR\cC9B=T_cn>8;O9X?:?I><?B7LM8;>8<:=A;B;:9><?BG<JJK; =<A<>9J9B=K97;=?BK:?9=K9B=T_cnL nB9J>;:B9><D;7H7>;OF?:B;>G?:N9EE;77<7>8;E9KJ;>;J;D<7<?B7H7>;OCG8<E8897 A:9=@9JJH;D?JD;=F:?O9E?OO@B<>H9B>;BB9>?8HK:<=F<K;:E?9[LU?>;B><9JJHC<> 12
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`Ga=@34<C@963 <EE55BC8<5>1?=D1<><;D3:<F35G X bcV8,[\@83;35@12;1@8?14D>5_<;41?53495=33>3>214>95C16347` H1;9D3<EED9C<@91=>363D1EF3=@95@83E41C355;7?89C8<EED9C<@91= 512@?<4395>363D1E3>214D1?OE1?348<=>83D>>369C35A5BC8<5E3451=<D>9:9@<D <5595@<=@5A3=@34E4953>9:9@<D<5595@<=@514F1;9D3E81=35GP8353<EED9C<@91=5C<= ;3E43O9=5@<DD3>1=E81=35>B49=:F<=B2<C@B43A>1?=D1<>3>;7CB5@1F345241F 6<491B5F1;9D3512@?<43>95@49;B@91=ED<@214F5A14>3D96343><5?3;<EED9C<@91=5B59=: 534634O59>314CD93=@O59>3E41C3559=:_3G:Gd<6<NC49E@`@1E4169>3<=e<EED9C<@91=OD9I3e 3KE3493=C3?9@89=<f3;;41?534G
3456789)**+,-.5,7/0
g Sh4-9i7j8k87l8400m
nG N3D3C@@8349:8@C819C3G <` f8<@>1@83D3@@345LNH CB443=@D7F3<=o _R` LD1;<DNE3C9<DH1;9D3 _p` L43<@34N75@3Fq5H1;9D3 _r` LD1;<DN75@3F5214H1;9D3r1FFB=9C<@91=5 _s` t1=312@83<;163u vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv ;` J1?95@895E41;D3F51D63>9=<=<D1:B3C3DDBD<4=3@?14Io _a` p<53N@<@91=C1=@9=B1B5D7@4<=5F9@5@83H1;9D3a>3=@929C<@91= tBF;34_Hat`<=>43C3963>;7@83F1;9D3E81=3G _aa` H1;9D3E81=3C1=@9=B1B5D7@4<=5F9@5@83N9:=<DRB>91P1=3 _NRP`<=>43C3963>;7@83;<535@<@91=G _aaa` w634<DD59Q312@83CDB5@34959=C43<53> _ax` a=C43<59=:@83;<=>?9>@8<DD1C<@3>@13<C8B534G vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv C` f87>135LNH B53PsHRA<51EE153>@1rsHRo 11
456789)*+9,-./896 ,-01//234,6385,659
789 :;<=>?@ ABCDEB==<FGHI@JABC=KLBDDMKN<FBCBOPELQDE< BRR<CCCSCL<OT 7889 UI@JQCV<LL<ML;B=HI@JT 78889 HI@JQC=KLM<BEES=<<F<FQ=WPMKD<T 78X9 HI@JQCLKK<YD<=CQN<LKQODE<O<=LT 7J9 8B=F888 7Z9 8K=ES 7H9 88B=F888 7I9 8B=F8X [[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[ [[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[ \T :;BLQCRKEEBVKMBLQK=]IQCRPCCQ=F<LBQET [[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[ [[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[ [[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[ [[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[ [[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[ ^T IQCRPCCL;<BFNB=LB_<CK`@KVQE<BDDEQRBLQK=C] [[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[ [[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[ [[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[ [[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[ [[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[[
abc deff1gh
U;QCRKODE<L<CKPMFQCRPCCQK=K=L;<Q=LMKFPRLKMSRK=R<DLCK`i<LAKMjJDDEQRBLQK=CT U;<Q=L<M=<LBMR;QL<RLPM<FQCRPCC<FQ=L;<P=QLGA<;BN<BECKFQCRPCC<F::: B=F <OBQE`KMOBLCQ=F<LBQETU;<Q=`KMOBLQK=_QN<=K=NBMQKPCLKDQRCCPR;BC8=`KMOBLQK= ?;BMQ=_GkBQEABSk<C<MNBLQK=?SCL<OGWl>KN<M=B=R<G?KRQBEi<LAKMjQ=_Gm=EQ=< nMKR<CCQ=_<LRT:<;BN<BECKQ=REPF<CL;<FQCRPCCQK=CVBC<FK=EBL<CLLM<=FCB=F L<R;=KEK_SPC<F`KML;<Q=L<M=<LBDDEQRBLQK=C7@KVQE<JDDEQRBLQK=C9A;QR;;<EDCL;< M<BFCLKj<<DSKPMj=KAE<F_<PDLKFBL<T8=BFFQLQK=LK`PML;<MM<BFQ=_CB=FL<CLL;<QM CjQEECoP<CLQK=B=CA<MC<CCQK=CBM<Q=REPF<FBLL;<<=FK`<BR;C<RLQK=CT8=L;<=<YL VEKRjK`L;QCRKPMC<GSKPAQEEE<BM=`P=FBO<=LBEF<LBQEC`KMC<LLQ=_PDBCOBEEEKRBE BM<B=<LAKMjQ=REPFQ=_AQM<FB=FAQM<E<CCC<LPDTi<YLVEKRjAQEEBECKRKN<ML;< `KP=FBLQK=BEF<LBQECK`=<LAKMjC<RPMQLSDMKLKRKECB=FAQM<E<CC=<LAKMjQ=_T
abpq grsrgr4trduseg+vrggr1wx4y
1T 8=LMKFPRLQK= LK IBLB HKOOP=QRBLQK= z i<LAKMjQ=_G^MF WFQLQK=GZ<;MKP{ |KMKP{B=GUBLB@R>MBA}QEET \T HKODPL<Mi<LAKMjCGJT?TUB=<=VBPO ~L; WFQLQK=GnMBRLQR<}BEEK`8=FQBGi<A I<E;QT\22^T 122
23 456789:;3<5=>?@ABC>?B>CD5?EFB7DFCGH<IJAIK5831LI?FBMFN8>:@I?5C5M58:@9BO P?MGFC>MC6?>QRCG;OFCF5BS3 R3 T9=>:U3V6?5:>@<5=N6C>?W>CD5?EFB7LPH5NX45DBPNN?59MGU>9C6?FB7CG> ABC>?B>CQ2?O;OFCF5BS3 Y3 Z9??[Z3I>C>?:5B@<5=N6C>?W>CD5?E:LP\[:C>=:PNN?59MG@2?O;OFCF5BQHG> ]5?79BV96^=9BB\>?F>:FBW>CD5?EFB7S3 _3 DDD3DFEFN>OF935?7 `3 a3bFMG9?O\C>c>B:@HG>I?5C5M58:QH<IJAIA886:C?9C>O@K586=>1S3 d3 aF88F9=\C988FB7:@49C99BO<5=N6C>?<5==6BFM9CF5B:@\>c>BCG;OFCF5B3
456789)*++,-./6-801
efgg hijklmi4hn*4hopqh r st5.)u8v9w98x9511g
13 9S Q4S yS QzS MS Q<S {3 HG>=9FB:C9BO9?O:CG9C?>89C>C5CG>N?5C5M58:5^>=9F8C?9B:=F::F5B9BO ?>M>NCF5B9?>L FS hF=N8>]9F8H?9B:^>?I?5C5M58Q\]HISXDGFMGF:6:>ODFCGCG>H<IJAI N?5C5M58:6FC>|ACG9: C?9OFCF5B988[y>>B8F=FC>OC5CG>C>}Cy9:>O >8>MC?5BFM=>::97>:3 FFS ~68CFN6?N5:>ABC>?B>C]9F8;}C>B:F5BQ]A];SXaGFMG9885D:CG> C?9B:=F::F5B9BO?>M>NCF5B5^=9F8CG9CM5BC9FB:c9?F56:C[N>:5^O9C9@ :6MG9::N>>MG@F=97>:@9BO=5CF5BcFO>5|ACF:9B>D>?:C9BO9?OCG9B \H]I9BO6:>:=6MG5^FC:y9:FMN?5C5M583 FFFS hJ]A];Q\>M6?>]A];S3b\P49C9:>M6?FC[M?>9C>O\J]A];DGFMG :6NN5?C:>BM?[NC>O>X=9F8C?9B:^>?9BOOF7FC988[:F7B>O>8>MC?5BFM=9F83 23 P18.-/,056789)-0x159 -.5F:9B5B8FB>:>?cFM>@N89C^5?=@5?:FC>CG9C^5M6:>: 5B^9MF8FC9CFB7CG>y6F8OFB75^:5MF98B>CD5?E:5?:5MF98?>89CF5B:9=5B7N>5N8> DG5@^5?>}9=N8>@:G9?>FBC>?>:C:@9MCFcFCF>:@y9ME7?56BO:@5??>98X8F^> M5BB>MCF5B:3P:5MF98B>CD5?E:>?cFM>M5B:F:C:5^9?>N?>:>BC9CF5B5^>9MG6:>? Q5^C>B9N?5^F8>S@GF:JG>?:5MF988FBE:@9BO9c9?F>C[5^9OOFCF5B98:>?cFM>:3]5:C :5MF98B>CD5?E:>?cFM>:9?>D>yXy9:>O9BON?5cFO>=>9B:^5?6:>?:C5FBC>?9MC 5c>?CG>ABC>?B>C@:6MG9:>X=9F89BOFB:C9BC=>::97FB73 B8FB> M5==6BFC[:>?cFM>:9?>:5=>CF=>:M5B:FO>?>O9:9:5MF98B>CD5?E:>?cFM>@ CG567GFB9y?59O>?:>B:>@:5MF98B>CD5?E:>?cFM>6:6988[=>9B:9BFBOFcFO698X M>BC>?>O:>?cFM>DG>?>9:5B8FB>M5==6BFC[:>?cFM>:9?>7?56NXM>BC>?>O3\5MF98 B>CD5?EFB7:FC>:9885D6:>?:C5:G9?>FO>9:@9MCFcFCF>:@>c>BC:@9BOFBC>?>:C: DFCGFBCG>F?FBOFcFO698B>CD5?E:3
r st5.)u8v9w98x9511
13 9S Q4S yS QzS MS QzS {3 8/, 18 5 x8 590 506
121
56789)*+,)-./09)7 -.1200345-749. 6-76)
89:;<=><?:@;<A:B9C:9DEF>>G:;B:=D:BHFDFI:9J=BDFHFJ=DF<9KLMB<N;MDM: F9D:B9:DOJ:<J>:?B<C=>><A:BDM:H<N9DBPH=9F9D:B=HDEFDMJ<>FDFHF=9Q<BJNG>FH Q:BA=9DQ=9RC=S:DM:FBA<FH:QM:=BRKT><;;F9;=9RF9D:B=HDFA:QNBA:PQEF>> =>><EJ<>FDFHF=9Q<BJNG>FHQ:BA=9DQD<Q::DM:AF:EQ<?DM:J:<J>:DM:PB:JB:Q:9D <9=9P;FA:9FQQN:KUM=DB<<CQH=9J>=H:HFDFI:9QF9B:=>@DFC:H<9D=HDEFDM :>:HD:R<??FHF=>QODM:FB<??FH:Q<BJB<AFR:DM:CEFDMDM:C:=9QD<B:J>=H:DM:C GPF9D:B=HDF9;RFB:HD>PEFDMJNG>FHQ:BA=9DQO=>><EF9;A<D:BQD<M=A:=RFB:HD FCJ=HD=9RF9?>N:9H:F9DM:FB;<A:B9C:9DKLM:Q:D:HM9<><;F:QH=9HB:=D:=C<B: DB=9QJ=B:9D;<A:B9C:9DO=>><EF9;A<D:BQD<FCC:RF=D:>PQ::M<E=9REMPDM:FB B:JB:Q:9D=DF<9F9DM:H=JFD=>FQA<DF9;DM:E=PDM:P=B:KLMFQM:>JQA<D:BQG:DD:B R:HFR:EM<D<A<D:?<BF9DM:?NDNB:<BM<ED<M:>JDM:JNG>FHQ:BA=9DQG:H<C: C<B:JB<RNHDFA:KV;<A:B9C:9DH<N>RDM:<B:DFH=>>PC<A:C<B:D<E=BRQ= DBN:R:C<HB=HPEFDMDM:JB<J:B=JJ>FH=DF<9<?:@;<A:B9C:9DK WK V/954-3.6789)*4.X/6)Y456FQ=9<9>F9:Q:BAFH:OJ>=D?<BCO<BQFD:DM=D?<HNQ:Q <9?=HF>FD=DF9;DM:GNF>RF9;<?Q<HF=>9:DE<BSQ<BQ<HF=>B:>=DF<9Q=C<9;J:<J>: EM<O?<B:Z=CJ>:OQM=B:F9D:B:QDQO=HDFAFDF:QOG=HS;B<N9RQO<BB:=>@>F?: H<99:HDF<9QKVQ<HF=>9:DE<BSQ:BAFH:H<9QFQDQ<?=B:JB:Q:9D=DF<9<?:=HMNQ:B [<?D:9=JB<?F>:\OMFQ]M:BQ<HF=>>F9SQO=9R=A=BF:DP<?=RRFDF<9=>Q:BAFH:QK^<QD Q<HF=>9:DE<BSQ:BAFH:Q=B:E:G@G=Q:R=9RJB<AFR:C:=9Q?<BNQ:BQD<F9D:B=HD <A:BDM:_9D:B9:DOQNHM=Q:@C=F>=9RF9QD=9DC:QQ=;F9;K89>F9: H<CCN9FDPQ:BAFH:Q=B:Q<C:DFC:QH<9QFR:B:R=Q=Q<HF=>9:DE<BSQ:BAFH:O DM<N;MF9=GB<=R:BQ:9Q:OQ<HF=>9:DE<BSQ:BAFH:NQN=>>PC:=9Q=9F9RFAFRN=>@ H:9D:B:RQ:BAFH:EM:B:=Q<9>F9:H<CCN9FDPQ:BAFH:Q=B:;B<NJ@H:9D:B:RK`<HF=> 9:DE<BSF9;QFD:Q=>><ENQ:BQD<QM=B:FR:=QO=HDFAFDF:QO:A:9DQO=9RF9D:B:QDQ EFDMF9DM:FBF9RFAFRN=>9:DE<BSQK
a bc65*d9e)f)9X)6//g
1K =\ [U\ G\ [h\ H\ [V\ 3K b933-i9)-749.FQE<BSF9;D<;:DM:BD<=HMF:A:=;<=>K_DFQ=B:HNBQFA:JB<H:QQ EM:B:DE<<BC<B:J:<J>:<B<B;=9FI=DF<9QE<BSD<;:DM:BD<B:=>FI:QM=B:R ;<=>QO[DMFQFQC<B:DM=9DM:F9D:BQ:HDF<9<?H<CC<9;<=>QQ::9F9H<@<J:B=DFA: A:9DNB:QOGND=R::JOH<>>:HDFA:OR:D:BCF9=DF<9D<B:=HM=9FR:9DFH=><Gj:HDFA:K ^<QDH<>>=G<B=DF<9B:kNFB:Q>:=R:BQMFJO=>DM<N;MDM:?<BC<?>:=R:BQMFJH=9G: Q<HF=>EFDMF9=R:H:9DB=>FI:R=9R:;=>FD=BF=9;B<NJK_9J=BDFHN>=BOD:=CQDM=D E<BSH<>>=G<B=DFA:>PH=9<GD=F9;B:=D:BB:Q<NBH:QOB:H<;9FDF<9=9RB:E=BREM:9 ?=HF9;H<CJ:DFDF<9?<B?F9FD:B:Q<NBH:QKU<>>=G<B=DF<9FQ=>Q<JB:Q:9DF9 <JJ<QF9;;<=>Q:ZMFGFDF9;DM:9<DF<9<?=RA:BQ=BF=>H<>>=G<B=DF<9ODM<N;MDMFQFQ 9<D=H<CC<9H=Q:?<BNQF9;DM:E<BRK`DBNHDNB:RC:DM<RQ<?H<>>=G<B=DF<9 :9H<NB=;:F9DB<QJ:HDF<9<?G:M=AF<B=9RH<CCN9FH=DF<9KLM:Q: C:DM<RQQJ:HF?FH=>>P=FCD<F9HB:=Q:DM:QNHH:QQ<?D:=CQ=QDM:P:9;=;:F9 H<>>=G<B=DFA:JB<G>:CQ<>AF9;Kl<BCQOBNGBFHQOHM=BDQ=9R;B=JMQ=B:NQ:?N>F9 DM:Q:QFDN=DF<9QD<<Gj:HDFA:>PR<HNC:9DJ:BQ<9=>DB=FDQEFDMDM:;<=><? FCJB<AF9;J:B?<BC=9H:F9HNBB:9D=9R?NDNB:JB<j:HDQK WK ^<GF>:VJJQ=B:F9D:B9:D=JJ>FH=DF<9QR:QF;9:RD<BN9<9QC=BDJM<9:Q=9R<DM:B C<GF>:R:AFH:QKC<GF>:=JJ>FH=DF<9QM:>JNQ:BQGPH<99:HDF9;DM:CD<_9D:B9:D Q:BAFH:QC<B:H<CC<9>P=HH:QQ:R<9R:QSD<J<B9<D:G<<SH<CJND:BQKmMF>: <JJ<BDN9FDF:Q=G<N9ROE:M=A:FR:9DF?F:RDMB::=RA=9D=;:Q<?NQF9;C<GF>:=JJQ ?<BP<NBGNQF9:QQnQJ::ROA<>NC:<?F9?<BC=DF<9O=9R=RA:BDFQF9;K
123
81,7 %8,/',1* $ 6,03/( 1(7:25. 6WUXFWXUH
%XLOGLQJ $ 6LPSOH 1HWZRUN
3DJH 1R
,QWURGXFWLRQ 2EMHFWLYHV 6WUXFWXUH &DEOLQJ
$VVHPEOLQJ SDWFK FDEOH
,QWHJUDWLQJ +RPH &RPSXWHUV
+RZ WR FRQQHFW WZR FRPSXWHUV E\ XVLQJ FURVV RYHU FDEOH" +RZ WR VKDUH GDWD EHWZHHQ WZR FRPSXWHUV"
&UHDWLQJ D VPDOO 1HWZRUN
+RZ WR FRQQHFW FRPSXWHUV XVLQJ KXE VZLWFK " +RZ WR FUHDWH FOXVWHU RI VZLWFKHV KXEV " +RZ WR FRQILJXUH D ZLUHOHVV QHWZRUN"
&DVH 'HVLJQLQJ 'HYHORSPHQW RI 6PDOO 1HWZRUNV 6XPPDU\ 6ROXWLRQV $QVZHUV 5HIHUHQFHV
,1752'8&7,21
&RPSXWHU 1HWZRUNV IRUPV WKH EDVLV RI WKH SUHVHQW GD\¶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³'HVLJQLQJ 'HYHORSPHQW RI VPDOO QHWZRUNV´ WKURXJK WKLV FDVH \RX ZLOO EH DEOH WR XQGHUVWDQG WKH SUDFWLFDO XWLOLW\ DQG EHQHILW RI WKLV XQLW ,Q D ZLUHG FRPSXWHU QHWZRUN WKH VWUXFWXUHG FDEOLQJ IRUPV WKH EDFNERQH RI WKH QHWZRUN 7KLV XQLW VWDUWV ZLWK WKH GLVFXVVLRQ RYHU VWUXFWXUHG FDEOLQJ ZKLFK LV ODWHU H[WHQGHG WR WKH GHSWK RI FRPSXWHU QHWZRUNV VXLWDEOH IRU \RXU OHYHO
2%-(&7,9(6
$IWHU JRLQJ WKURXJK WKLV XQLW \RX ZLOO EH DEOH WR x
,GHQWLI\ WKH SURPLQHQW SUREOHPV DVVRFLDWHG ZLWK QHWZRUNLQJ
x
3URSRVH EDVLF QHWZRUN VROXWLRQ IRU WKH LGHQWLILHG QHWZRUN SUREOHPV
x
3HUIRUP EDVLF KDUGZDUH VWUXFWXULQJ UHTXLUHG IRU QHWZRUN OD\RXW DQG
x
3HUIRUP VRIWZDUH VHWWLQJV UHTXLUHG WR PDNH D ZRUNDEOH QHWZRUN
6758&785( &$%/,1*
7KH WHUP VWUXFWXUHG FDEOLQJ LV UHODWHG WKH FDEOLQJ DQG FRQQHFWLYLW\ SURGXFWV XVHG WR LQWHJUDWH YRLFH GDWD YLGHR HWF RYHU /$1 /RFDO $UHD 1HWZRUN 7KH FDEOHV DQG FRQQHFWLYLW\ SURGXFWV DUH GHVLUHG WR EH XVHG LQ D V\VWHPDWLF ZD\ VXFK WKDW WKH RUJDQL]HG FDEOLQJ V\VWHP FDQ EH HDVLO\ XQGHUVWRRG E\ LQVWDOOHUV QHWZRUN DGPLQLVWUDWRUV DQG DQ\ RWKHU WHFKQLFLDQ WKDW GHDOV ZLWK FDEOLQJ 7R PDLQWDLQ WKH
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
ZRUOG ZLGH FRGH RI FRQGXFW IRU VWUXFWXUHG FDEOLQJ VWDQGDUGV DUH ODLG E\ LQGXVWU\ YL] 7KH (,$ 7,$ (OHFWURQLF ,QGXVWULHV $VVRFLDWLRQ 7HOHFRPPXQLFDWLRQ ,QGXVWU\ $VVRFLDWLRQ DQG ,62 ,(& ,QWHUQDWLRQDO 6WDQGDUGV 2UJDQL]DWLRQ ,QWHUQDWLRQDO (OHFWURWHFKQLFDO &RPPLVVLRQ KDYH FUHDWHG LQGXVWU\ VWDQGDUGV IRU FDEOLQJ 7KHVH VWDQGDUGV UHVXOWV WKH VWDQGDUGL]HG FDEOLQJ DUFKLWHFWXUHV ZKLFK DOORZV D VLQJOH GHOLYHU\ PHWKRG WR EH GHVLJQHG IRU VXSSRUW DQG VHUYLFHV LQ WKH ZRUNVSDFH +RZHYHU WR HQVXUH WKH HIILFLHQW DQG HIIHFWLYH VWUXFWXUHG FDEOLQJ GHVLJQ WKUHH UXOHV DUH DGYLVHG WR EH IROORZHG
/RRN IRU D FRPSOHWH FRQQHFWLYLW\ &RQQHFWLYLW\ LQFOXGHV DOO WKH V\VWHPV WKDW DUH GHVLJQHG WR FRQQHFW URXWH PDQDJH DQG LGHQWLI\ FDEOHV LQ VWUXFWXUHG FDEOLQJ V\VWHPV
3ODQ IRU IXWXUH JURZWK 7KH QXPEHU RI FDEOHV LQVWDOOHG VKRXOG DOVR PHHW IXWXUH UHTXLUHPHQWV &DWHJRU\ H &DWHJRU\ DQG ILEHU RSWLF VROXWLRQV VKRXOG EH FRQVLGHUHG WR HQVXUH WKDW WKH IXWXUH QHHGV ZLOO EH PHW
)UHHGRP RI FKRLFH LQ YHQGRUV (YHQ WKRXJK D FORVHG DQG SURSULHWDU\ V\VWHP PD\ EH OHVV H[SHQVLYH LQLWLDOO\ WKLV FRXOG HQG XS EHLQJ PXFK PRUH FRVWO\ RYHU WKH ORQJ WHUP $ QRQ VWDQGDUG V\VWHP IURP D VLQJOH YHQGRU PD\ PDNH LW PRUH GLIILFXOW WR PDNH PRYHV DGGV RU FKDQJHV DW D ODWHU WLPH
%HIRUH DSSO\LQJ WKH UXOHV WR HQVXUH UHDVRQDEO\ JRRG FDEOLQJ PHFKDQLVP ZH QHHG WR GR VRPH KRPH ZRUN UHODWHG WR WKH OHQJWK RI FDEOHV UHTXLUHG 1XPEHU RI %XQGOHV VHFRQGO\ W\SH RI FDEOH UHTXLUHG YL] VKLHOGHG RU XQVKLHOGHG 873 8QVKLHOGHG 7ZLVWHG 3DLU FDEOH )XUWKHU ZH QHHG WR FKRRVH WKH FDEOH DV SHU WKH GLVWDQFH L H IRU a P OHQJWK RI QHWZRUN FRYHUDJH FDW H RSWLRQ RI FDEOH LV ILQH EXW IRU a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³ SRVLWLRQ FRQGXFWRU´ FRQILJXUDWLRQ 5HIHU WR ILJXUH WR PDS 5- ZLWK WKH 3 & FRQILJXUDWLRQ
)LJXUH 3 & FRQQHFWRU SOXJ FRPPRQO\ UHIHUUHG DV 5-
,Q (WKHUQHW QHWZRUNV WKHVH 5- SOXJV DQG MDFNV IRUP D PRGXODU JHQGHUHG FRQQHFWRU V\VWHP WKDW KHOSV LQ PDNLQJ G\QDPLF DOWHUDWLRQV LQ QHWZRUN FRPSRQHQWV LQ D IDVW DQG HDV\ ZD\ 7KH PDOH SOXJV DQG IHPDOH MDFNV DUH KHOG WRJHWKHU E\ D VSULQJ ORDGHG WDE²FDOOHG D KRRN²WKDW NHHSV WKHP VHFXUHO\ LQ SODFH ZKLOH LQ XVH EXW DOORZV WKHP WR EH HDVLO\ XQSOXJJHG ZKHQ FKDQJHV DUH PDGH WR D QHWZRUN V\VWHP RU ZRUN DUHD 7KH SDWFK FRUGV XVHG LQ PRVW (WKHUQHW V\VWHPV DUH FRQVWUXFWHG XVLQJ 873 8QVKLHOGHG 7ZLVWHG 3DLU FDEOH 873 FDEOH FRQVLVWV RI HLJKW LQVXODWHG FRSSHU FRUH FRQGXFWRUV JURXSHG LQWR IRXU SDLUV ZLWK HDFK SDLU WZLVWHG WRJHWKHU DORQJ WKH FDEOH¶V OHQJWK 7KH FRQGXFWRU SDLUV DQG LQGLYLGXDO FRQGXFWRUV LQ 873 FDEOHV DUH UHSUHVHQWHG E\ D FRORU FRGH WKDW DVVLJQV D SULPDU\ FRORU²EOXH RUDQJH JUHHQ RU EURZQ²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¶V IOH[LELOLW\ DQG GXUDELOLW\
%XLOGLQJ $ 6LPSOH 1HWZRUN
)LJXUH 873 &DEOH &URVV 6HFWLRQ )LJXUH &$7 ( 873 &DEOH
<RX PLJKW EH WKLQNLQJ ZKDW¶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¶V HQYLURQPHQW 7KH FRQGXFWRU SDLUV LQVLGH D WZLVWHG SDLU FDEOH LQIOXHQFH RQH DQRWKHU WKURXJK D W\SH RI (0, FDOOHG FURVVWDON &URVVWDON RFFXUV ZKHQ WKH HOHFWURPDJQHWLF ILHOG JHQHUDWHG E\ RQH SDLU LV ODUJH HQRXJK WKH SDLU¶V VLJQDO LV VWURQJ HQRXJK WR FURVV RYHU WR WKH ORFDWLRQ RI D QHLJKERULQJ SDLU <RX DUH UHTXLUHG WR JR WKURXJK WKH IROORZLQJ NH\ SRLQWV JLYHQ LQ WKH IRUP RI QRWHV EHORZ 7KHVH NH\ SRLQWV ZLOO OHW \RX WR XQGHUVWDQG YDULRXV DVSHFWV UHODWHG WR WKH YDULRXV TXHVWLRQV ZKLFK PLJKW EH ERJJOLQJ LQ \RXU PLQG OLNH ³+RZ WKH QXPEHU RI WXUQV LQ WKH 873 UHODWHV WR LWV SHUIRUPDQFH " ´ 2U ³ :KDW LV WKH UHOHYDQFH RI VKLHOGLQJ WKH &DEOH"´ 2U ³ :KDW DUH WKH YDULRXV ,((( DQG (,$ 7,$ FDEOLQJ 6WDQGDUGV KRZ WKH\ GLIIHU "´ 2U ³ :KHQ WR XVH ZKLFK W\SH RI FDEOH"´ 2U ³ :KDW LV WKH GLIIHUHQFH EHWZHHQ &$7 &$7 H &DW FDEOHV ZKHQ WR XVH ZKLFK FDEOH"´ LQ WKH GLVFXVVLRQ EHORZ ZH WU\ WR DQVZHU DOO WKHVH TXHVWLRQV
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
127(
+RZ WKH QXPEHU RI WXUQV LQ WKH 873 UHODWHV WR LWV SHUIRUPDQFH " 7KH JUHDWHU WKH QXPEHU RI FRQGXFWRU WZLVWV WKH EHWWHU D FDEOH¶V LPPXQLW\ WR (0, DQG 5), 7KLV LPPXQLW\ JHWV HYHQ EHWWHU ZKHQ WKH QXPEHU RI WZLVWV SHU XQLW OHQJWK WKH WZLVW UDWH LV YDULHG DPRQJ WKH IRXU SDLUV )RU H[DPSOH PDQXIDFWXUHUV RI KLJKHU JUDGH FDEOHV HPSOR\ YDULDWLRQV LQ WKH WZLVW UDWHV RI LQGLYLGXDO FRQGXFWRU SDLUV XVLQJ D GLIIHUHQW WZLVW UDWH IRU HDFK RI WKH IRXU SDLUV LQ RUGHU WR PLQLPL]H WKH FURVVWDON EHWZHHQ WKHP
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
:KDW DUH WKH YDULRXV ,((( FDEOLQJ 6WDQGDUGV KRZ WKH\ GLIIHU" %DVH 7 DQG %DVH 7 DUH WKH ,((( ,QVWLWXWH RI (OHFWULFDO DQG (OHFWURQLFV (QJLQHHUV VWDQGDUGV GHILQLQJ WKH HOHFWULFDO DQG SK\VLFDO FKDUDFWHULVWLFV RI WZLVWHG SDLU FDEOLQJ IRU XVH LQ 0ESV 0HJDELWV SHU VHFRQG DQG 0ESV (WKHUQHW FRQQHFWLRQV 7KH ³7´ VWDQGV IRU 7ZLVWHG SDLU DQG WKHVH WZR (WKHUQHW FRQQHFWLRQV XVH ZLUH SDLUV DQG WR WUDQVPLW DQG UHFHLYH LQIRUPDWLRQ FRUUHVSRQGLQJ WR WKH RUDQJH DQG JUHHQ WZLVWHG SDLU FRQGXFWRUV VKRZQ LQ )LJXUH 1RZDGD\V ZH XVH WKH *LJDELW (WKHUQHW RU %DVH 7 ZKHUH DOO IRXU FRQGXFWRU SDLUV VKRZQ LQ )LJXUH DERYH DUH XVHG WR WUDQVPLW DQG UHFHLYH LQIRUPDWLRQ VLPXOWDQHRXVO\
:KDW DUH WKH YDULRXV (,$ 7,$ FDEOLQJ 6WDQGDUGV KRZ WKH\ GLIIHU" $ DQG % DUH (,$ 7,$ (OHFWURQLFV ,QGXVWU\ $VVRFLDWLRQ 7HOHFRPPXQLFDWLRQV ,QGXVWU\ $VVRFLDWLRQ ZLULQJ VWDQGDUGV VSHFLI\LQJ WZR GLIIHUHQW 5- SLQ DVVLJQPHQWV IRU WKH RUDQJH DQG JUHHQ FRQGXFWRU SDLUV LQ &DWHJRU\ W\SH WZLVWHG SDLU FDEOHV 7KH ZLULQJ IRU WZR GLIIHUHQW FRQGXFWRU SLQ FRQILJXUDWLRQV LV VKRZQ LQ )LJXUH DQG WKH VDPH DUH WDEXODWHG LQ 7DEOH EHORZ <RX VKRXOG REVHUYH WKDW WKH (WKHUQHW SDWFK FRUGV ZLWK FRQQHFWRUV ZLUHG XVLQJ WKH VDPH VWDQGDUG RQ ERWK HQGV DUH UHIHUUHG DV ³6WUDLJKW 7KURXJK &DEOH´ DQG WKRVH ZLWK GLIIHUHQW VWDQGDUGV DUH UHIHUUHG DV ³&URVVRYHU FDEOH´ ,Q %ULHI WR FUHDWH D VWUDLJKW WKURXJK FDEOH \RX OO KDYH WR XVH HLWKHU 7 $ RU 7 % RQ ERWK HQGV RI WKH FDEOH 7R FUHDWH D FURVV RYHU FDEOH \RX OO ZLUH 7 $ RQ RQH HQG DQG 7 % RQ WKH RWKHU HQG RI WKH FDEOH 7KH JHQHUDO VWUXFWXULQJ RI 6WUDLJKW 7KURXJK DQG &URVV 2YHU &DEOH LV VKRZQ LQ )LJXUH EHORZ
)LJXUH $ DQG % DUH (,$ 7,$ ZLULQJ VWDQGDUGV VSHFLI\LQJ GLIIHUHQW 5- SLQ DVVLJQPHQWV
%XLOGLQJ $ 6LPSOH 1HWZRUN
7DEOH :LULQJ 'LDJUDP IRU (,$ 7,$ 6WDQGDUGV D DQG E 3DLU
:LUH :KLWH %OXH :KLWH %OXH %OXH :KLWH :KLWH *UHHQ :KLWH *UHHQ *UHHQ :KLWH :KLWH 2UDQJH :KLWH 2UDQJH 2UDQJH :KLWH :KLWH %URZQ :KLWH %URZQ %URZQ :KLWH $ :LULQJ 'LDJUDP
3LQ
3DLU
:LUH :KLWH %OXH :KLWH %OXH %OXH :KLWH :KLWH 2UDQJH :KW 2UDQJH 2UDQJH :KLWH :KLWH *UHHQ :KLWH *UHHQ *UHHQ :KLWH :KLWH %URZQ :KLWH %URZQ %URZQ :KLWH % :LULQJ 'LDJUDP
3LQ
)LJXUH 6WUDLJKW 7KURXJK &DEOH DQG &URVV 2YHU &DEOH
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
&RPSXWHU WR &RPSXWHU 6ZLWFK WR 6ZLWFK &RPSXWHU WR 0RGHP &RPSXWHU WR 6ZLWFK 6ZLWFK 7R 5RXWHU
± ± ± ± ±
&URVVRYHU &URVVRYHU 6WUDLJKW 7KURXJK 6WUDLJKW 7KURXJK %RWK LI SUREOHPV JR ZLWK &URVVRYHU
:KDW LV WKH GLIIHUHQFH EHWZHHQ &$7 H FDEOHV ZKHQ WR XVH ZKLFK FDEOH" 0DNLQJ WKH FKRLFH EHWZHHQ W\SHV RI (WKHUQHW FDEOHV DYDLODEOH IRU QHWZRUNLQJ DQG FRQQHFWLQJ WKHLU FRPSXWHUV WR WKH ,QWHUQHW YL] &DW &DW H DQG &DW FDEOHV FDQ EH FRQIXVLQJ 7R GLVWLQJXLVK EHWZHHQ WKH YDULRXV W\SHV RI FDEOHV \RX KDYH WR XQGHUVWDQG WKH QRPHQFODWXUH WKH WHUP &DW EHLQJ VKRUW IRU ³&DWHJRU\´ ZKHUHDV WKH QXPEHUV DQG OHWWHUV WR IROORZ DUH DOO XVHG WR LQGLFDWH SHUIRUPDQFH 7KHVH SHUIRUPDQFH GHVLJQDWLRQV PDNH LW HDVLHU WR FKRRVH WKH ULJKW W\SH IRU YDULRXV SXUSRVHV VXFK DV QHWZRUNLQJ FRPSXWHUV WRJHWKHU RU XVLQJ SHULSKHUDOV LQFOXGLQJ KXEV DQG URXWHUV $OO WKUHH W\SHV RI FDEOHV &DW &DW H
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
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
$VVHPEOLQJ 3DWFK &DEOH %\ OHDUQLQJ WKH WKHRUHWLFDO DVSHFWV RI VWUXFWXUHG FDEOLQJ \RX PLJKW EH H[KDXVWHG 6R OHW V DSSO\ RXU OHDUQW VNLOOV LQ D SUDFWLFDO PDQQHU MXVW IROORZ WKH LQVWUXFWLRQV JLYHQ EHORZ DQG \RX ZLOO EH DEOH WR SURGXFH \RXU RZQ SDWFK FDEOH DVVHPEO\ 6WHSV WR DVVHPEOH 3DWFK &DEOH
&XW WKH FDEOH WR WKH OHQJWK WKDW \RX ZLOO QHHG
%XLOGLQJ $ 6LPSOH 1HWZRUN
6NLQ WKH FDEOH DERXW ´ GRZQ
5HPRYH DOO RI WKH WZLVWV LQ WKH FDEOHV SDLUV 8Q WZLVW HDFK SDLU DQG VWUDLJKWHQ HDFK ZLUH EHWZHHQ WKH ILQJHUV
&DW FDEOH KDV D FHQWHU VSLQH WKDW QHHGV WR EH UHPRYHG 3XOO RQ WKH VSLQH DQG IROG WKH SDLUV EDFN 7KHQ FXW WKH VSLQH DV FORVH WR WKH FDEOHV HQG DV SRVVLEOH 7KH SURFHVV LV VKRZQ LQ VWHSV $ % & ' WR EH H[HFXWHG VHTXHQWLDOO\
3ODFH WKH ZLUHV LQ WKH RUGHU RI RQH RI WKH WZR GLDJUDPV VKRZQ LQ )LJXUH DERYH L H IRU (,$ 7,$ % RU $ +HUH ZH KDYH FKRVHQ WKH % GLDJUDP ZKLFK LV E\ IDU WKH PRVW SRSXODU ,I \RX DUH XQVXUH JR ZLWK WKH % ZLULQJ
%ULQJ DOO RI WKH ZLUHV WRJHWKHU XQWLO WKH\ WRXFK +ROG WKH JURXSHG DQG VRUWHG ZLUHV WRJHWKHU WLJKWO\ EHWZHHQ WKH WKXPE DQG WKH IRUHILQJHU $W WKLV SRLQW UHFKHFN WKH ZLULQJ VHTXHQFH ZLWK WKH GLDJUDP
&XW WKH ZLUHV RQ D YHU\ VKDUS DQJOH WR PDNH LW HDVLHU WR LQVWDOO WKH ORDG EDU LQ WKH QH[W VWHS
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
,QVHUW WKH ORDGEDU RQ WKH ZLUHV RQH ZLUH DW D WLPH 7KLV LV ZK\ ZH UHFRPPHQGHG FXWWLQJ WKH ZLUHV RQ DQ DQJOH
&KHFN WKH ZLULQJ VHTXHQFH RQH PRUH WLPH 7KDQ VOLGH WKH ORDG EDU GRZQ DOO WKH ZD\ DQG PDNH D VWUDLJKW FXW DERXW SDVW WKH ORDGEDU $ SHUIHFWO\ VWUDLJKW FXW LV HVVHQWLDO KHUH
,QVHUW WKH FRQQHFWRU RQWR WKH ORDGEDU DVVHPEO\ +ROG WKH SOXJ ZLWK WKH FRSSHU FRQQHFWRUV XS DQG WKH ORFNLQJ FOLS IDFLQJ GRZQ ,Q WKLV FRQILJXUDWLRQ WKH %URZQ 3DLU RI ZLUHV VKRXOG EH WR WKH ULJKW VLGH
)RU &ULPSLQJ SXVK WKH FRQQHFWRU DOO RI WKH ZD\ LQ DQG WKHQ VTXHH]H GRZQ DOO WKH ZD\ RQ WKH FULPSHU 5HPRYH WKH FRQQHFWRU IURP WKH FULPSHU ERG\
5HSHDW WKH SURFHGXUH RQ WKH RWKHU HQG RI WKH FDEOH XVLQJ WKH VDPH ZLULQJ GLDJUDP 127( ,I \RX ZLVK WR PDNH D FURVVRYHU FDEOH WKDQ XVH WKH RWKHU GLDJUDP LQ WKLV FDVH $ 7HVW WKH FDEOH XVLQJ D KLJK TXDOLW\ IRXU SDLU /$1 FDEOH WHVWHU
1RZ \RX DUH SHUIHFWO\ UHDG\ WR GR VWUXFWXUHG FDEOLQJ DQG GHVLJQ WKH QHWZRUN RI \RXU RZQ 7R SHUIRUP WKH VWUXFWXUHG FDEOLQJ LQ D EXLOGLQJ RU VR \RX QHHG WR UHIHU WR )LJXUH JLYHQ EHORZ ,W ZLOO FOHDU \RXU XQGHUVWDQGLQJ UHODWHG WR VWUXFWXUHG FDEOLQJ LQ ELJ OD\RXWV WKXV LW UHODWHV WR WKH UROH RI VWUXFWXUHG FDEOLQJ LQ QHWZRUN GHVLJQ 7KH )LJXUH H[SODLQV WKDW 2QFH WKH FRQQHFWLRQ IURP WKH
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
%XLOGLQJ $ 6LPSOH 1HWZRUN
FRQQHFW D URXWHU WR WKH SRLQW
FRQQHFWLRQ IURP WKH VHUYLFH &$7 &$7 &DEOHV
RI FRQQHFWLRQ JLYHQ E\ VHUYLFH SURYLGHU WKHQ RXWSXW RI WKH URXWHU LV WR EH JLYHQ WR WKH QHWZRUN VHUYHU
RXWSXW RI WKH QHWZRUN VHUYHU
VZLWFKHV ZKLFK LQ WXUQ DUH
LV FRQQHFWHG WR WKH VZLWFK VZLWFKHV DUH VWRUHG LQ WKH , 2 ER[HV DQG WKH RXWSXW RI WKH VZLWFK LV
FRQQHFWHG WR WKH ZLUHOHVV DFFHVV SRLQWV
&RPSXWHU V\VWHP FRQQHFWHG WR WKH QHWZRUN
) &KHFN <RXU 3URJUHVV
'LIIHUHQWLDWH EHWZHHQ 6WUDLJKW 7KURXJK &DEOH DQG &URVVRYHU &DEOH" «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
,GHQWLI\ WKH VXLWDEOH FDEOH L H VWUDLJKW WKURXJK FURVVRYHU FDEOH UHTXLUHG WR FRQQHFW WKH IROORZLQJ D E F G H
&RPSXWHU WR &RPSXWHU 6ZLWFK WR 6ZLWFK &RPSXWHU WR 0RGHP &RPSXWHU WR 6ZLWFK 6ZLWFK 7R 5RXWHU
«««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
'LIIHUHQWLDWH EHWZHHQ %DVH 7 DQG %DVH 7 ,((( VWDQGDUGV RI WZLVWHG SDLU FDEOLQJ «««««««««««««««««««««««««««««««« «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
,17(*5$7,1* +20( &20387(56
(OHFWURQLF HQYLURQPHQW RI DQ\ KRXVH LQYROYHV ZLUHG RU ZLUHOHVV FRQQHFWLYLW\ DPRQJ YDULRXV GHYLFHV YL] FRPSXWHUV WKHPVHOYHV EHWZHHQ FRPSXWHUV DQG SULQWHUV HWF 6LQFH \RX KDG DOUHDG\ VWXGLHG WKH FRQFHSW RI VWUXFWXUHG FDEOLQJ \RX DUH H[SHFWHG WR ILUVWO\ XQGHUVWDQG ³+RZ WKH SDWFK FDEOHV FDQ EH XVHG WR GLUHFWO\ FRQQHFW WKH FRPSXWHUV"´ WKHQ ZH ZLOO H[WHQG RXU GLVFXVVLRQ LQ WKH VXEVHTXHQW VHFWLRQ WR OHW \RX XQGHUVWDQG ³+RZ VZLWFKHV RU +XEV FDQ EH XVHG WR FRQQHFW WKH FRPSXWHU V\VWHPV"´ DQG LQ WKH VLPLODU PDQQHU ZH ZLOO SURFHHG IRU WKH GHYHORSPHQW RI ZLUHOHVV QHWZRUNV WRR 6R OHW V VWDUW RXU GLVFXVVLRQ ZLWK ³+RZ WR FRQQHFW WZR FRPSXWHUV VLPSO\ E\ FURVV RYHU FDEOH ZLWKRXW URXWHU RU VZLWFK "´ 7KH VWHSV DUH OLVWHG EHORZ MXVW IROORZ WKHP DQG \RX ZLOO JHW LW GRQH
+RZ WR &RQQHFW 7ZR &RPSXWHUV E\ 8VLQJ &URVV 2YHU &DEOH" 7KLV VHFWLRQ LQYROYHV WKH FRQQHFWLYLW\ RI WKH FRPSXWHUV WKURXJK D FURVV RYHU FDEOH ZLWKRXW XVLQJ WKH QHWZRUN GHYLFHV OLNH VZLWFK RU KXE +RZHYHU ZH ZLOO GLVFXVV WKH HVWDEOLVKPHQW RI FRPSXWHU QHWZRUN E\ XVLQJ WKH QHWZRUN GHYLFHV LQ RXU VXEVHTXHQW VHFWLRQ ,Q WKLV XQLW ZH DUH DVVXPLQJ WKDW WKH XVHU DUH KDYLQJ :LQGRZV RSHUDWLQJ V\VWHP 67(36
6ZLWFK 21 WKH FRPSXWHUV
&RQQHFW ERWK FRPSXWHUV ZLWK D FURVV RYHU FDEOH &DW KDYLQJ 5- FRQQHFWRU FULPSHG DW LWV ERWK HQGV
*R WR FRQWURO SDQHO
&OLFN RQ QHWZRUN FRQQHFWLRQV
5LJKW FOLFN RQ FDEOH FRQQHFWLRQV
&OLFN SURSHUWLHV
3LFN LQWHUQHW SURWRFRO 7&3 ,3 SUHVV SURSHUWLHV
&OLFN RQ FKRRVH IROORZLQJ ,3 DGGUHVV ,3 DGGUHVV FKRRVH
1HWZRUN LV
3UHVV RN DQG FORVH 1RZ UHSHDW WKH VWHSV WR RQ WKH RWKHU FRPSXWHU EXW FKRRVH GLIIHUHQW ,3 DGGUHVV VD\ LW LV
1RZ WHVW WKH FRQQHFWLRQ E\ XVLQJ FPG FRPPDQG x
*R WR VWDUW
x
&OLFN 5XQ
x
7\SH FPG
x
7\SH SLQJ ,3 DGGUHVV LI \RX DUH RQ V\VWHP ZLWK ,3 L H SLQJ
x
,I LW VD\V WLPH RXW WKDW PHDQV WKDW \RX GRQ¶W KDYH D FRQQHFWLRQ ZLWK RWKHU FRPSXWHU
%XLOGLQJ $ 6LPSOH 1HWZRUN
,QWHUFRQQHFWLYLW\ IDFLOLWDWHV WKH GDWD VKDULQJ DPRQJ WKH FRPSXWHUV 6R \RX DUH UHTXLUHG WR XQGHUVWDQG ³+RZ WR VKDUH WKH GDWD DPRQJ WKH FRPSXWHUV FRQQHFWHG WR HDFK RWKHU LQ HLWKHU PRGH L H ZLUHG RU ZLUHOHVV ´ -XVW IROORZ WKH VWHSV OLVWHG EHORZ DQG \RX ZLOO JHW WKH GDWD VKDUHG DPRQJ WKH FRPSXWHUV OLVWHG VWHSV ZRUN IRU ERWK ZLUHG DQG ZLUHOHVV FRQQHFWLRQV
+RZ WR 6KDUH 'DWD %HWZHHQ 7ZR &RPSXWHUV" ,Q WKLV VHFWLRQ ZH DUH JRLQJ WR H[SORLW RQH RI WKH EDVLF QHHG RI FRPSXWHU QHWZRUN L H WKH VKDULQJ RI GDWD EHWZHHQ WKH FRPSXWHUV 7KH VHFWLRQ JLYHV \RX WKH VWHSZLVH JXLGDQFH WR SHUIRUP WKH WDVN RI GDWD VKDULQJ ,Q WKLV XQLW ZH DUH DVVXPLQJ WKDW WKH XVHU DUH KDYLQJ :LQGRZV RSHUDWLQJ V\VWHP 67(36
$VVLJQ ,3 DGGUHVV WR ERWK FRPSXWHUV LQ WKH VDPH PDQQHU DV GLVFXVVHG DERYH
*R WR FRQWURO SDQHO
&KRRVH QHWZRUN DQG LQWHUQHW RSWLRQ
+RZ FKRRVH QHWZRUN DQG VKDULQJ FHQWHU RSWLRQ
&KRRVH PDQDJH QHWZRUN FRQQHFWLRQV RSWLRQ
5LJKW FOLFN DUHD FRQQHFWLRQ DQG VHOHFW SURSHUWLHV RSWLRQ
6HOHFW 7&3 ,39 DQG FOLFN SURSHUWLHV
6HOHFW ³8VH WKH IROORZLQJ ,3 DGGUHVV´ VD\ LW EH VD\ VXEQHW PDVN LV QRZ FOLFN RN
1RZ FOLFN FORVH
&ORVH WKH QHWZRUN FRQQHFWLRQV ZLQGRZ &ORVH WKH QHWZRUN DQG VKDULQJ FHQWHU ZLQGRZ &ORVH WKH QHWZRUN DQG LQWHUQHW RSWLRQ ZLQGRZ &RQQHFW ERWK FRPSXWHUV E\ FDEOH D E
IRU GLIIHUHQW GHYLFHV VWUDLJKW FDEOH H J 6ZLWFK ĺ &RPSXWHU IRU VDPH GHYLFHV &URVV RYHU FDEOH 1RZ \RX KDYH WR VKDUH IROGHU RU ILOH WKDW \RX ZDQW WR DFFHVV IURP RWKHU FRPSXWHU L
&UHDWH D IROGHU VD\ RQ GHVNWRS
LL
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
5LJKW FOLFN WKH IROGHU DQG FKRRVH SURSHUWLHV
LLL 6HOHFW WKH VKDULQJ WDEV LY
6HOHFW WKH DGYDQFHG VKDULQJ EXWWRQ
Y
&KHFN WKH VKDUH WKLV IROGHU RSWLRQ
YL
3UHVV WKH SHUPLVVLRQ EXWWRQ
YLL &KHFN WKH SHUPLVVLRQ VD\ IXOO FRQWURO &KDQJH 5HDG WR EH DOORZHG RU GHQ\ YLLL &OLFN WKH DSSO\ EXWWRQ IRU DOO RSHQLQJ \RX PDGH LQ VKDULQJ VHFWLRQ DQG WKHQ ILQDOO\ FORVH WKH VKDULQJ SURSHUWLHV WDE 7XUQ ILOH VKDULQJ 21 D
*R WR FRQWURO SDQHO
E
6HOHFW QHWZRUN DQG VKDULQJ FHQWHU
F
7XUQ 21 WKH ILOH VKDULQJ RSWLRQ DQG FOLFN DSSO\
G
&KRRVH WKH RSWLRQ ³1R PDNH WKH QHWZRUN WKDW , DP FRQQHFWHG WR D SULYDWH QHWZRUN´ LI \RX GRQ¶W ZDQW GDWD WR EH VKDUHG E\ $OO 2WKHUZLVH FKRRVH ³<HV WXUQ RQ ILOH VKDULQJ IRU DOO SXEOLF QHWZRUNV´
H
)RU VHFXULW\ \RX PD\ DFWLYDWH WKH ³3DVVZRUG SURWHFWHG VKDULQJ´ E\ WXUQLQJ 21 WKH SDVVZRUG SURWHFWHG VKDULQJ DQG FOLFN DSSO\
I
1RZ FORVH DOO WKH ZLQGRZV WDEV RSHQHG WLOO WKH DERYH WDVN LV GRQH
7R DFFHVV IROGHU WKDW \RX KDYH VKDUHG D
*R WR RWKHU FRPSXWHU E\ W\SLQJ
E
6HOHFW VKDUH IROGHU LFRQ
F
&UHDWH QHZ IROGHU DQG FORVH WKH RSHQHG ZLQGRZV
7R JHW RWKHU FRPSXWHU RQ WR \RXU VFUHHQ D
7\SH RU 5XQ PVWVF FRPPDQG LQ WKH VHDUFK RSWLRQ
E
5HPRWH GHVNWRS RSWLRQ JHW DFWLYDWHG
F
7\SH WKH ,3 RI WKH FRPSXWHUV \RX ZDQW WR FRQQHFW WR VD\ LQ WKH FRPSXWHU VHFWLRQ DQG FOLFN FRQQHFW
1RZ \RX FDQ VKDUH WKH GDWD RI
C
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
VHJPHQW $ KXE IXQFWLRQV DW WKH SK\VLFDO OD\HU RI WKH 26, PRGHO LW PHUHO\ UHJHQHUDWHV WKH HOHFWULFDO VLJQDO WKDW LV SURGXFHG E\ D VHQGLQJ ZRUNVWDWLRQ ,W LV D VKDUHG GHYLFH ZKLFK PHDQV LI DOO XVHUV DUH FRQQHFWHG WR D 0ESV (WKHUQHW KXE WKHQ DOO WKH XVHUV VKDUH WKH VDPH EDQGZLGWK RI 0ESV $V PRUH XVHUV DUH SOXJJHG LQWR WKH VDPH KXE WKH HIIHFWLYH DYHUDJH EDQGZLGWK WKDW HDFK XVHU KDV GHFUHDVHV 6:,7&+ 6ZLWFK LV DQRWKHU LPSRUWDQW GHYLFH ZKHQ ZH WDON DERXW FRPSXWHU QHWZRUN RQ EURDGHU VSHFWUXP ,W LV XVHG DW WKH VDPH SODFH DV KXE LV EXW WKH RQO\ GLIIHUHQFH EHWZHHQ WKH WZR LV WKDW VZLWFK SRVVHVV VZLWFKLQJ WDEOH ZLWK LQ LW 6ZLWFKLQJ WDEOHV VWRUH WKH 0$& DGGUHVVHV RI HYHU\ FRPSXWHU LW LV FRQQHFWHG WR DQG VHQG WKH GDWD WR RQO\ UHTXHVWHG DGGUHVV XQOLNH KXE ZKLFK EURDGFDVWV WKH GDWD WRR DOO WKH SRUWV
%XLOGLQJ $ 6LPSOH 1HWZRUN
127(
$ VZLWFK IXQFWLRQV DW WKH VDPH 26, OD\HU DV WKH EULGJH WKH GDWD OLQN OD\HU ,Q IDFW D VZLWFK FDQ EH FRQVLGHUHG D PXOWL SRUW EULGJH :KLOH D EULGJH IRUZDUGV WUDIILF EHWZHHQ WZR QHWZRUN VHJPHQWV WKH VZLWFK KDV PDQ\ SRUWV DQG IRUZDUGV WUDIILF EHWZHHQ WKRVH SRUWV 2QH JUHDW GLIIHUHQFH EHWZHHQ D EULGJH DQG D VZLWFK LV WKDW D EULGJH GRHV LWV MRE WKURXJK VRIWZDUH IXQFWLRQV ZKLOH D VZLWFK GRHV LWV MRE WKURXJK KDUGZDUH LPSOHPHQWDWLRQ 7KXV D VZLWFK LV PRUH HIILFLHQW WKDQ D EULGJH DQG XVXDOO\ FRVWV PRUH
6ZLWFKHV DUH LQWURGXFHG WR SDUWLWLRQ D QHWZRUN VHJPHQW LQWR VPDOOHU VHJPHQWV VR WKDW EURDGFDVW WUDIILF FDQ EH UHGXFHG DQG PRUH KRVWV FDQ FRPPXQLFDWH DW WKH VDPH WLPH 7KLV LV FDOOHG PLFUR VHJPHQWDWLRQ DQG LW LQFUHDVHV WKH RYHUDOO QHWZRUN EDQGZLGWK ZLWKRXW GRLQJ PDMRU XSJUDGH WR WKH LQIUDVWUXFWXUH
+XE LV 8QPDQDJHG GHYLFH ZKHUH DV VZLWFK FDQ EH D PDQDJHG RU XQPDQDJHG %RWK VXSSRUW IXOO GXSOH[ FRPPXQLFDWLRQ L H DQ\ FRPSXWHU FDQ VHQG GDWD WR DQ\ RWKHU FRPSXWHU FRQQHFWHG WKURXJK WKH FRQQHFWLQJ GHYLFH 7KH GHYLFHV FDQ KDYH SRUWV DQG \RX PD\ FRQQHFW WZR RU PRUH WKDQ WZR VZLWFKHV RU KXEV WR IRUP WKH FOXVWHU RI QHWZRUNV 7R D 1 SRUW KXE VZLWFK RQH SRUW PD\ EH XVHG WR FRQQHFW WR WKH VHUYHU DQG RWKHU 1 SRUWV PD\ EH XVHG WR FRQQHFW WKH FOLHQW GHYLFHV
\RX DUH QRW GHVLUHG WR FRQILJXUH WKH +8% 6:,7&+ WKH\ JRW DXWRPDWLFDOO\ DGDSWHG WR WKH QHWZRUNV XQOLNH WKH FDVH RI 5RXWHUV DQG $FFHVV SRLQWV ZKHUH \RX QHHG WR H[SOLFLWO\ FRQILJXUH WKH QHWZRUN
+RZ WR &RQQHFW &RPSXWHUV 86,1* +8% 6:,7&+ " ,Q VHFWLRQ ZH GLVFXVVHG +RZ WR FRQQHFW FRPSXWHUV XVLQJ FURVV RYHU FDEOH" LQ WKLV VHFWLRQ ZH DUH H[WHQGLQJ WKH FRQFHSW RI WKH FRPSXWHUV FRQQHFWLYLW\ WKURXJK QHWZRUN GHYLFHV OLNH KXE VZLWFKHV 7KH VWHSV GHVLUHG WR EH SHUIRUPHG DUH JLYHQ EHORZ
&RQQHFW WKH KXE WR WKH SRZHU VRXUFH WKURXJK LWV DGDSWHU DQG VZLWFK LW 21
7DNH 6WUDLJKW FDEOHV ZLWK 5- FRQQHFWRU FRQQHFWHG WR LWV ERWK HQGV XVH LW WR FRQQHFW WKH 1HWZRUN ,QWHUIDFH &DUG 1,& RI DOO FRPSXWHU V\VWHP WR WKH GLIIHUHQW SRUWV RI +XE VZLWFK DV VKRZQ LQ WKH ILJXUH EHORZ
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
6ZLWFK 21 WKH FRPSXWHUV
*R WR FRQWURO SDQHO
&OLFN RQ QHWZRUN FRQQHFWLRQV
5LJKW FOLFN RQ FDEOH FRQQHFWLRQV
&OLFN SURSHUWLHV
3LFN LQWHUQHW SURWRFRO 7&3 ,3 SUHVV SURSHUWLHV
&OLFN RQ FKRRVH IROORZLQJ ,3 DGGUHVV
,3 DGGUHVV FKRRVH 1HWZRUN LV 3UHVV RN DQG FORVH 1RZ UHSHDW WKH VWHSV WR RQ WKH RWKHU FRPSXWHU EXW FKRRVH GLIIHUHQW ,3 DGGUHVV VD\ IRU VHFRQG FRPSXWHU DQG VR RQ 1RZ WHVW WKH FRQQHFWLRQ E\ XVLQJ FPG FRPPDQG D
*R WR VWDUW
E
&OLFN 5XQ
F
7\SH FPG
G
7\SH SLQJ ,3 DGGUHVV LI \RX DUH RQ V\VWHP ZLWK ,3 L H SLQJ
H
,I LW VD\V WLPH RXW WKDW PHDQV WKDW \RX GRQ¶W KDYH D FRQQHFWLRQ ZLWK RWKHU FRPSXWHU
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¶V QRUPDO SRUW E\ XVLQJ VWUDLJKW FDEOH ILQDOO\ WKH\ DUH DOO FRQQHFWHG WR QHWZRUN DQG DEOH WR DFFHVV ,QWHUQHW 7KH /(' RQ WKH VZLWFK ZLOO VKRZ \RX ZKLFK SRUWV DUH FRQQHFWHG
+RZ WR &RQILJXUH D :LUHOHVV 1HWZRUN" $IWHU JRLQJ WKURXJK WKH VHFWLRQV JLYHQ DERYH \RX PLJKW KDYH XQGHUVWRRG WKH HIIRUWV LQYROYHG LQ WKH GHYHORSPHQW RI DQ\ ZLUHG QHWZRUN 6R WR VLPSOLI\ WKH FRPSOH[LWLHV RI ZLUHG QHWZRUNV WKH WHFKQRORJ\ KDV H[SORUHG WKH RSWLRQ RI ZLUHOHVV QHWZRUN ZKLFK LQYROYHV RQH PRUH QHWZRUN GHYLFH L H $FFHVV 3RLQW ,Q WKLV VHFWLRQ ZH ZLOO OHW \RX XQGHUVWDQG WKH FRQILJXUDWLRQ RI ZLUHOHVV QHWZRUN 7KH VWHSV WR FRQILJXUH D ZLUHOHVV QHWZRUN DUH JLYHQ EHORZ
6ZLWFK RQ WKH FRPSXWHU DQG $FFHVV SRLQW
$FWLYDWH WKH ZLUHOHVV QHWZRUN PRGH RI FRPSXWHUV
&RQQHFW $FFHVV SRLQW WR WKH FRPSXWHU WKURXJK VWUDLJKW FDEOH
2SHQ WKH ZHE EURZVHU
7\SH WKH ,3 DGGUHVV RI $FFHVV SRLQW JLYHQ ZLWK WKH DFFHVV SRLQW DW WKH SODFH ZKHUH 85/ LV W\SHG DQG SUHVV HQWHU
$FFHVV SRLQW ZLQGRZ ZLOO EH RSHQHG
*HQHUDWH 66,' DQG 3DVVZRUG IURP WKH RSHQHG $FFHVV SRLQW ZLQGRZ
3LQJ WKH DFFHVV SRLQW WKURXJK \RX FRPSXWHU E\ W\SLQJ ³SLQJ LS DGGUHVV RI DFFHVV SRLQW´ IURP WKH FRPPDQG SURPSW VXFFHVVIXO UHVSRQVH DVVXUHV WKH FRQQHFWLYLW\
1RZ \RX PD\ GLVFRQQHFW WKH ZLUHG FRQQHFWLRQ EHWZHHQ WKH FRPSXWHU DQG WKH DFFHVV SRLQW
%XLOGLQJ $ 6LPSOH 1HWZRUN
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
) &KHFN <RXU 3URJUHVV 7UXH )DOVH D
6ZLWFK LV XVHG WR SDUWLWLRQ WKH QHWZRUN
E
+XE LV DQ XQPDQDJHG GHYLFH
F
+XEV 6ZLWFKHV JRW DXWRPDWLFDOO\ DGDSWHG WR WKH QHWZRUNV
G
5RXWHUV DQG $FFHVV SRLQWV DUH UHTXLUHG WR EH FRQILJXUHG H[SOLFLWO\
H
$ VZLWFK FDQ EH FRQVLGHUHG D PXOWL SRUW EULGJH «««««««««««««««««««««««««««««««« ««««««««««««««««««««««««««««««««
&$6( '(6,*1,1* '(9(/230(17 RI 60$// 1(7:25.6
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
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
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
SUREOHPV LQ D WDEXODU IRUPDW 7$6. ,GHQWLI\ VROXWLRQV ERWK KDUGZDUH DQG VRIWZDUH ZKLFK PD\ EH XVHG WR UHVROYH WKH LGHQWLILHG SUREOHPV ,GHQWLI\ WKH FRVW HIIHFWLYH VROXWLRQ \RX ZLVK WR LPSOHPHQW MXVWLI\ \RXU FKRLFH ZLWK VXLWDEOH DUJXPHQWV 7$6. 3UHSDUH D VXPPDUL]HG UHTXLUHPHQW UHSRUW WDUJHWLQJ WKH LGHQWLILHG SUREOHP ZLWK WKH SURSRVHG VROXWLRQ LQ WKH IRUP RI D WDEOH VR DV WR VLPSOLI\ GHFLVLRQ PDNLQJ DW PDQDJHPHQW HQG
%XLOGLQJ $ 6LPSOH 1HWZRUN
62/87,216 72 7+( $66,*1(' 7$6.6 /DFN RI NQRZOHGJH UHODWHG WR QHWZRUNLQJ DQG UHODWHG WHFKQLTXHV LV WKH SULPH FDXVH RI SUREOHPV LQ WKH HQWLUH FDPSXV RI WKH HGXFDWLRQDO LQVWLWXWLRQ 7HFKQLFDO :RUNIRUFH RI WKH LQVWLWXWH LV XQDZDUH RI QHWZRUN GHYLFHV DQG WKHLU XVDJH YL]
ZKHUH WR JR IRU ZLUHG QHWZRUNLQJ DQG ZKHUH IRU ZLUHOHVV QHWZRUNLQJ
ZKLFK VHUYHUV DUH WR EH GHVLJQHG YL] '16 %DFNXS VHUYHU HWF
QRQ DZDUHQHVV RI ILUHZDOOV RU FRQWHQW ILOWHULQJ VRIWZDUH
KRZ WR DGPLQLVWHU WKH QHWZRUN FRQQHFWLRQ GLUHFWO\ FRPLQJ IURP WKH VHUYLFH SURYLGHU
$SDUW IURP WKH PHQWLRQHG ODFXQDV LQ WKH H[LVWLQJ QHWZRUN RI WKH FDPSXV WKHUH DUH PDQ\ PRUH GHILFLHQFLHV ZH ZLOO GLVFXVV WKHP DV WKH GLVFXVVLRQ SURFHHGV )URP WKH JLYHQ &DVH ZH LGHQWLILHG IROORZLQJ SUREOHPV SHUVLVWV LQ WKH UHVSHFWLYH DUHDV DQG VXE DUHDV
(QWLUH &DPSXV D
7KH FRQQHFWLYLW\ IURP VHUYLFH SURYLGHU LV ZLUHG FRQQHFWLYLW\ DV D UHVXOW RI ZKLFK DV DQG ZKHQ WKH FRQQHFWLRQ FDEOH JRW GDPDJHG GXH WR H[FDYDWLRQ WKH HQWLUH FDPSXV JRW GLVFRQQHFWHG IURP WKH LQWHUQHW VHUYLFHV
E
7KH EDQGZLGWK GLVWULEXWLRQ LV RSHQ LQ WKH VHQVH WKH OHDVH OLQH IURP WKH VHUYLFH SURYLGHUV URXWHU LV GLUHFWO\ FDWHULQJ WKH LQVWLWXWHV DFFHVV SRLQWV WKXV WKH EDQGZLGWK FDQ EH XVHG E\ WKH SHUVRQV RXWVLGH WKH LQVWLWXWLRQDO SUHPLVHV DQG WKLV LV TXLWH XQVDIH EHFDXVH VRPHRQH LW¶V D VHFXULW\ DEXVH IRU WKH LQVWLWXWLRQDO QHWZRUN
F
)XUWKHU WKH XVDJH RI EDQGZLGWK E\ RXWVLGHUV OHDGV WR QHWZRUN FKRNLQJ L H QHWZRUN KDQJRXW
G
6WXGHQWV HTXLSSHG ZLWK ODSWRSV ZHUH FKDQJLQJ WKH LS DGGUHVVHV WKXV LS FRQIOLFW LV D IUHTXHQW LVVXH RI WKH UHVSHFWLYH QHWZRUN
H
1R ,QWUDQHW RU H[WUDQHW ZHE IDFLOLW\ WRWDO UHOLDQFH RQ ,QWHUQHW 7KXV LQ WKH DEVHQFH RI ,QWHUQHW FRQQHFWLYLW\ HQWLUH FRPPXQLFDWLRQ LV RQ VWDQGE\ PRGH
I
&RPSDUDWLYHO\ ORZ EDQGZLGWK DV GHVLUHG IRU YLGHR FRQIHUHQFLQJ RU RQOLQH OHFWXUHV
+RVWHO D
2Q &DPSXV +RVWHO 6LQFH WKHUH LV QR FRQWURO RYHU WKH EDQGZLGWK UHJXODWLRQ WKH XVHUV DUH FRQVXPLQJ WKH DYDLODEOH EDQGZLGWK IRU QRQ ± DFDGHPLF MREV YL] RQOLQH
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
E
L
7KH ,QWHUQHW FRQQHFWLYLW\ LV JLYHQ WKURXJK EURDGEDQG FRQQHFWLRQ WKH SRVLWLRQLQJ RI WKH EURDGEDQG GHYLFH LV QRW VDIH WKXV WKH XVHUV ZHUH DEOH WR KDFN WKH GHYLFH SDVVZRUG E\ XVLQJ KDFNLQJ VRIWZDUH E\ GLUHFWO\ FRQQHFWLQJ WKHLU V\VWHPV WR WKH EURDGEDQG GHYLFH WKURXJK WKH QHWZRUN FDEOH
LL
7KH EURDGEDQG FRQQHFWLRQ ZDV RYHUORDGHG WKXV WKH ,QWHUQHW VSHHG LV VORZHG GRZQ
&RPSXWHU /DE D
E
F
JDPLQJ PRYLHV GRZQORDG HWF 2II &DPSXV +RVWHO
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
$FFRXQWV 6HFWLRQ D
7KH EDFNXS LV WDNHQ RQ WKH &' '9'V LI SULRU WR WDNH WKH EDFNXS V\VWHP FUDVKHV RXW DQG WKHQ QRWKLQJ FDQ EH GRQH
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
(QWLUH &DPSXV D
6ROXWLRQ WR FRQQHFWLYLW\ SUREOHP 7KH FDPSXV VKRXOG KDYH ZLUHOHVV OHDVH OLQH DQG QRW WKH ZLUHG RQH RU PD\ KDYH ERWK W\SHV EHFDXVH ZLUHG FRQQHFWLYLW\ KDV LWV RZQ DGYDQWDJH UHODWHG WR WKH VSHHG RI RSHUDWLRQ
E
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
F
6ROXWLRQ WR XVDJH RI EDQGZLGWK E\ RXWVLGHUV 7KH URXWHU VKRXOG EH SURWHFWHG E\ QHFHVVDU\ 66,' 6HUYLFH 6HW ,GHQWLILHU QXPEHU DQG SDVVZRUG SURWHFWLRQ PHFKDQLVP ZKLFK SUHYHQWV RXWVLGHUV IURP DFFHVVLQJ WKH QHWZRUN FRQQHFWLYLW\
G
6ROXWLRQ WR LS FRQIOLFW 7R JHW ULG RI WKH LS FRQIOLFW SUREOHP ZH PD\ ELQG WKH DOORWWHG LS DGGUHVV ZLWK WKH 0DF LG RI WKH ODSWRS 25 ZH PD\ NHHS WKH DGPLQLVWUDWLYH ULJKWV ZLWK WKH V\VWHP DGPLQLVWUDWRU DQG OHW WKH VWXGHQW WR DFW DV D XVHU VR QR SHUPLVVLRQV DUH DYDLODEOH WR FKDQJH WKH LS DGGUHVV
H
6ROXWLRQ WR WRWDO UHOLDQFH RQ ,QWHUQHW 7KH LQVWLWXWH PXVW GHVLJQ DW OHDVW D PDLO VHUYHU VXFK WKDW WKH LQ FDPSXV FRPPXQLFDWLRQ JRHV RQ ZLWKRXW KLQGUDQFH )XUWKHU WKH\ VKRXOG GHVLJQ DQ LQWUDQHW ZHEVLWH EHFDXVH HYHU\WKLQJ FDQQRW EH IRU SXEOLF GRPDLQ
I
/RZ %DQGZLGWK %DQGZLGWK UHTXLUHPHQW LV WR EH UHZRUNHG DV SHU WKH XVDJH DQG WKH FRQQHFWLRQ FDSDFLW\ LV WR EH UHYLVHG IURP PESV WR WKH UHTXLUHG RQH
%XLOGLQJ $ 6LPSOH 1HWZRUN
+RVWHO D
2Q &DPSXV +RVWHO 6LQFH WKH RQ FDPSXV KRVWHO LV YHU\ PXFK LQ SUHPLVHV VR WKH VROXWLRQ WR WKH EDQGZLGWK GLVWULEXWLRQ GLVFXVVHG DERYH VROYHV WKLV SUREOHP 7KH VRIWZDUH ILUHZDOO KDYH WKH IHDWXUH WR DOORW WKH EDQGZLGWK WR WKH SDUWLFXODU VHULHV RI LS DGGUHVVHV ZKLFK PD\ EH DOORWWHG WR WKH VWXGHQWV RU WHDFKHUV WKH\ DUH KDYLQJ PDQ\ RWKHU RSWLRQV WRR
E
2II &DPSXV +RVWHO L
LL
%URDGEDQG FRQQHFWLRQ VDIHW\ 7KH EURDGEDQG GHYLFH VKRXOG EH SURWHFWHG E\ LQVWDOOLQJ DQ , 2 %R[ PRXQWHG FORVH WR FHLOLQJ WKXV WKH VWXGHQWV FDQQRW DFFHVV WKH SRUW FRQQHFWLRQV RI WKH EURDGEDQG GHYLFH 2YHUORDGHG EURDGEDQG FRQQHFWLRQ 7ZR VROXWLRQV DUH SRVVLEOH HLWKHU ZH VKRXOG JR IRU RQH PRUH EURDGEDQG FRQQHFWLRQ ZKLFK LQFXUV D UHFXUULQJ FRVW WR WKH LQVWLWXWLRQ 7KH RWKHU VROXWLRQ LV WKDW ZH LQVWDOO D VZLWFK IRU WKH WRS IORRU RI WKH KRVWHO ZKHUH ZLUHG FRQQHFWLYLW\ LV SURYLGHG WKLV LQYROYHV RQH WLPH FRVW RI VZLWFK DQG FDEOLQJ IXUWKHU WKH DGYDQWDJH RI PRELOLW\ LV FXUWDLOHG
&RPSXWHU /DE D
,W LV DGYLVHG WKDW WKH FRPSXWHU ODEV VKRXOG KDYH ZLUHG FRQQHFWLYLW\
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
1HWZRUN 7UDQVSRUW DQG $SSOLFDWLRQ /D\HU
E
5HFROOHFWLQJ WKH GDWD +HUH LV WKH UHTXLUHPHQW WR GHVLJQ D '16 'RPDLQ 1DPH 6HUYHU ZKHUH VRPH PHPRU\ VSDFH LV DOORWWHG WR HDFK VWXGHQW ZKLFK PD\ EH DFFRUGLQJ WR WKHLU UROO QXPEHUV RU VR 7KXV WKURXJK '16 VWXGHQWV DUH DOZD\V DEOH WR ZRUN LQ WKHLU DOORWWHG VSDFH DQG FDQ UHFROOHFW WKH MRE GRQH LQ SUHYLRXV FODVV %XW WKHUH LV D UHTXLUHPHQW RI 2Q /LQH 8SV ZLWK WKH '16 VHUYHU EHFDXVH LI WKH SRZHU JRHV 2II WKHQ UHVWDUW RI '16 LV WLPH FRQVXPLQJ
F
'DWD 3RUWDELOLW\ $JDLQ '16 ZLOO EH WKH VROXWLRQ IRU DFFHVVLELOLW\ RI GDWD LQ FODVV URRPV RU ODEV RU DQ\ZKHUH HOVH WKXV ZH FDQ EORFN WKH 86% SRUWV DQG OHW WKH HQWLUH QHWZRUN EH PDQDJHG WKURXJK '16 DQG ,QWUDQHW
$FFRXQWV 6HFWLRQ D
%DFNXS RQ &' '9'V $ %DFNXS VHUYHU LV GHVLUHG WR EH GHVLJQHG IRU VROYLQJ WKLV SUREOHP
6800$5<
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
62/87,216 $16:(56
) &KHFN <RXU 3URJUHVV
7KH VWUDLJKW WKURXJK FDEOHV DUH XVHG ZKHQ FRQQHFWLQJ 'DWD 7HUPLQDWLQJ (TXLSPHQW '7( WR 'DWD &RPPXQLFDWLRQV (TXLSPHQW '&( VXFK DV FRPSXWHUV DQG URXWHUV WR PRGHPV JDWHZD\V RU KXEV (WKHUQHW 6ZLWFKHV 7KH FURVV RYHU FDEOHV DUH XVHG ZKHQ FRQQHFWLQJ '7( WR '7( RU '&( WR '&( HTXLSPHQW VXFK DV FRPSXWHU WR FRPSXWHU FRPSXWHU WR URXWHU RU JDWHZD\ WR KXE FRQQHFWLRQV 7KH '7( HTXLSPHQW WHUPLQDWHV WKH VLJQDO ZKLOH '&( HTXLSPHQW GRHV QRW
D
&RPSXWHU WR &RPSXWHU
±
&URVVRYHU
E
6ZLWFK WR 6ZLWFK
±
&URVVRYHU
F
&RPSXWHU WR 0RGHP
±
6WUDLJKW 7KURXJK
G
&RPSXWHU WR 6ZLWFK
±
6WUDLJKW 7KURXJK
H
6ZLWFK 7R 5RXWHU
±
%RWK LI SUREOHPV JR ZLWK &URVVRYHU
%XLOGLQJ $ 6LPSOH 1HWZRUN
%DVH 7 DQG %DVH 7 DUH WKH ,((( ,QVWLWXWH RI (OHFWULFDO DQG (OHFWURQLFV (QJLQHHUV VWDQGDUGV GHILQLQJ WKH HOHFWULFDO DQG SK\VLFDO FKDUDFWHULVWLFV RI WZLVWHG SDLU FDEOLQJ IRU XVH LQ 0ESV 0HJDELWV SHU VHFRQG DQG 0ESV (WKHUQHW FRQQHFWLRQV 7KH ³7´ VWDQGV IRU 7ZLVWHG SDLU DQG WKHVH WZR (WKHUQHW FRQQHFWLRQV XVH ZLUH SDLUV DQG WR WUDQVPLW DQG UHFHLYH LQIRUPDWLRQ FRUUHVSRQGLQJ WR WKH RUDQJH DQG JUHHQ WZLVWHG SDLU 1RZDGD\V ZH XVH WKH *LJDELW (WKHUQHW RU %DVH 7 ZKHUH DOO IRXU FRQGXFWRU SDLUV DUH XVHG WR WUDQVPLW DQG UHFHLYH LQIRUPDWLRQ VLPXOWDQHRXVO\
) &KHFN <RXU 3URJUHVV 7UXH )DOVH
D
7UXH
E
7UXH
F
7UXH
G
7UXH
5()(5(1&(6
:(%/,1.6 x
KWWS ZZZ DQGFDEOH FRP ILOHV 8QGHUVWDQGLQJ(WKHUQHW3DWFK&RUGV SGI
x
KWWS HQ ZLNLSHGLD RUJ ZLNL 6WUXFWXUHGBFDEOLQJ
x
KWWS ZZZ ODQVKDFN FRP PDNH FDW ( DVS[
x
KWWS ZZZ LSORFDWLRQ QHW WRROV UM ZLULQJ SKS
(%22.6 x
&LVFR 1HWZRUNLQJ $FDGHP\ 3URJUDP &&1$ 1HWZRUNLQJ %DVLFV Y
x
,3 1HWZRUN 'HVLJQ *XLGH IURP ,%0 E\ 0DUWLQ : 0XUKDPPHU .RN .HRQJ /HH 3D\DP 0RWDOOHEL 3DROR %RUJKL .DUO :R]DEDO
38*645 45 78956*+,,85 5-,16+955*, 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
=3>8,?,>38@AB=48>A3,8A,3C8DA@E, FGHIJKLHKMGLN# # O*5/7*/58,
,
1RST JUVWXYZ[V\XU# 1R]T ^_`a[V\bac# 1R1T dR1e#FW[f\Va[VZWa# 1RgT FVh#iaVjXWk# 1RmT Jnbm#oUY#Jnb2#^baWb\aj# 1RmR]THpoccac#Xq#Jn#FYYWacc# 1ReT NZhhoWr# 1R2T NXpZV\XUcsFUcjaWc#
?Qtu >38@AB=48>A3,
P178,35Q, 12# 12# 12# 1l# m]# me# me#
JU#Vfa#c\hvpacV#qXWhw#YoVo#VWoUcqaW#[oU#Voka#vpo[a#_aVjaaU#VjX#Yab\[ac#jf\[f#oWa#Y\Wa[Vpr# [XUUa[VaY#_r#cXha#qXWh#Xq#[XhhZU\[oV\XU#haY\ZhR##xZV#\V#\c#UXV#vWo[V\[op#qXW#VjX# Yab\[ac#VX#_a#Y\Wa[Vpr#vX\UV#VX#vX\UV#[XUUa[VaYw#_a[oZca#Xq#VjX#WaocXUc#y\z#Vfa#Yab\[ac# oWa#baWr#qoW#ovoWV#oUY#y\\z#VfaWa#\c#o#caV#Xq#Yab\[acw#ao[f#Xq#jfXh#hor#Wa{Z\Wa#VX#[XUUa[V# VX#XVfaWc#oV#boW\XZc#V\hacR#NXpZV\XU#VX#Vf\c#vWX_pah#\c#VX#[XUUa[V#ao[f#Yab\[a#VX#o# [XhhZU\[oV\XU#UaVjXWkR###Fc#rXZ#kUXj#[XhvZVaW#UaVjXWkc#haoUc#\UVaW[XUUa[VaY#caV#Xq# oZVXUXhXZc#[XhvZVaWcw#\U#XWYaW#VX#haaV#Vfa#UaaYc#Xq#boW\XZc#ovvp\[oV\XUcw#UaVjXWkc#oWa# obo\po_pa#j\Vf#Y\qqaWaUV#\UVaW[XUUa[V\XU#porXZVc#oUY#vpoUcw#haVfXYc#Xq#o[[accw#vWXVX[Xpc# oUY#YoVo#[oWWr\U|#[ovo[\V\acR#iaVjXWk#oW[f\Va[VZWa#\c#o#[XhvpaVa#Yac\|U#Xq#o# [XhhZU\[oV\XUc#UaVjXWkR#nW\hoW\pr#ja#[oU#cor#VfoV#\V#\c#o#qWohajXWk#qXW#Vfa# cva[\q\[oV\XU#Xq#o#UaVjXWk}c#vfrc\[op#[XhvXUaUVcw#Vfa\W#qZU[V\XUop#XW|oU\~oV\XU#oUY# [XUq\|ZWoV\XUR#iaVjXWk#oW[f\Va[VZWa#opcX#\U[pZYac#Vfa#XvaWoV\XUop#vW\U[\vpac#oUY# vWX[aYZWacR#Kf\c#ZU\V#\c#oU#\UVWXYZ[V\XU#VX#UaVjXWk#oW[f\Va[VZWaw#\U#jf\[f#ja#j\pp# Y\c[Zcc#o_XZV#Y\qqaWaUV#UaVjXWk#oW[f\Va[VZWac#p\ka#dR1ew# Woha#Gaporw#FK R# ZWVfaWw#\V# [XbaWc#Jnbm#oUY#Jnb2#vWXVX[Xp#YaVo\pc #ja#j\pp#opcX#Y\c[Zcc#Vfa#ha[foU\chc#qXW# \hvpahaUV\U|sYavpXr\U|#Jnb2R##
?Q u A C48> CO,
FqVaW#|X\U|#VfXZ|f#Vf\c#ZU\Vw#rXZ#cfXZpY#_a#o_pa#VX # T MUYaWcVoUY\U|#Vfa#jXWk\U|#Xq#boW\XZc#iaVjXWk#oW[f\Va[VZWac## T Y\qqaWaUV\oVa#_aVjaaU#dR1ew# Woha#Gapor#oUY#FK #FW[f\Va[VZWa## T UXj#Vfa#qZU[V\XUc#Xq#dR1ew# Woha#Gapor#oUY#FK #poraWc# T Yac[W\_a#fXj#dR1ew# Woha#Gapor#oUY#FK #vWXVX[Xpc#jXWkc # T UXj#Vfa#UaaY#Xq#Jnb2#vWXVX[Xp# T HXhvoWa#_aVjaaU#Vfa#Jnbm#oUY#Jnb2#
?Q?u Q? ,9@4 >8C48=@C,
xaqXWa#Y\c[Zcc\U|#o_XZV#dR1ew#ja#j\pp#WaqWacf#XZW#kUXjpaY|a#o_XZV#cj\V[f\U|# Va[fU\{ZacR#Fc#rXZ#hor#kUXj#qXppXj\U|#oWa#Vfa#_oc\[#cj\V[f\U|#Va[fU\{Zac # 4057/0*,O40*7 067 ,H\W[Z\V#cj\V[f\U|#\c#ZcaY#\U#Vfa#VapavfXUa#UaVjXWkc#VX#VWoUch\V# bX\[a#oUY#YoVo#c\|UopcR#KX#aUo_pa#crU[fWXU\caY#VWoUch\cc\XUw#[\W[Z\V#cj\V[f\U|# acVo_p\cfac#o#YaY\[oVaY#[XUUa[V\XU#_aVjaaU#Vfa#caUYaW#oUY#Wa[a\baW#\UbXpbaY#\U#Vfa# YoVo#VWoUcqaW#XbaW#Vfa#UaVjXWkR##Fc#o#WacZpVw#Vfa#[XUUa[V\XU#[XUcZhac#UaVjXWk# 12#
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`_ab_cJ#;<=>=#=65<#765D=9#56@#96D=#6@:#769<#9<>?KE<#9<=#@=9;?>D#6A#F?@E#6A# 9<=:#6FF#>=65<#9<=#L=A98@698?@M## 1M] deb`f_ghiebjfe`J#;<=>=#6FF#9<=#765D=9A#6>=#>?K9=L#9<>?KE<#9<=#A6C=#769<#;89<?K9# <6B8@E#9<=#769<#L=L8569=LM#Z<=#769<#A=EC=@9A#C6:#56>>:#C6@:#B8>9K6F#58>5K89AM# T696E>6C#6FF?;A#H?>#L:@6C85#<6@LF8@E#?H#5?@E=A98?@#6@L#@?#56FF#A=9K7#8A# @=5=AA6>:M#k8>9K6F#58>5K89A#6FF?;#H?>#A=XK=@58@EJ#=>>?>#6@L#HF?;#5?@9>?FM## lM1m#8A#6@#?FL#A96@L6>L#7>?9?5?F#AK89=#H?>#765D=9#U6A=L#;8L=#6>=6#@=9;?>DM#Z<=#?FL# @=9;?>DA#C68@F:#9=F=5?CCK@85698?@A#5?C76@8=A#6@L#WZnoA#p6K9?C69=L#9=FF=># C65<8@=Aq#;=>=#H?FF?;8@E#lM1m#7>?9?5?FA#H?>#765D=9#A;895<8@E#U6A=L#@=9;?>DM#Z<=A=# rWsoA#6>=#<6B8@E#765D=9tA;895<8@E#=I5<6@E=A#6@L#F=6A=L#5?CCK@85698?@#5<6@@=FAM#W9# 7>=A=@9#lM1m#7>?9?5?FA#<6A#U==@#>=7F65=L#U:#?9<=>#U=99=>#6@L#F=AA#5?C7F=I#7>?9?5?FA#?H# ZuvwSv#AK89#<?;=B=>J#9<=#A=>B85=#8A#A98FF#8@#KA=#6@L#HK@598?@8@E#8@#A?C=#7F65=A#6@L# 677F85698?@AM#x?C=#A9KL=@9#6>=#8@9=>=A9=L#9?#D@?;#9<69#;<:#89#8A#56FF=L#;89<#AK5<#@6C=# lM1my#Z<=#>=6A?@#8A#S@9=>@698?@6F#Z=F=5?CCK@85698?@#z@8?@#pSZzq#7KUF8A<=A#A?C=# A=>8=A#?H#9=5<@856F#U??DAJ#6C?@E#9<=A=#9=5<@856F#U??DAG#9<=>=#8A#6#F6>E=>#A=9#?H#ltx=>8=A# A7=58H85698?@A#?@#7KUF85#L696#@=9;?>DAM#Z<=#lM1m#A7=58H85698?@#8A#?@F:#6#76>9#?H#9<69#lt x=>8=A#A7=58H85698?@#?@#7KUF85#L696#@=9;?>DAM## # Z<=#5?CC?@#7=>5=798?@#H?>#L=B=F?7C=@9#?H#lM1m#;6A#9?#L=B=F?7#6#K@8B=>A6F#A96@L6>L# H?>#765D=9#A;895<8@E#@=9;?>DM#lM1m#L?=A#@?9#A7=58H:#<?;#9<=#@=9;?>D#?7=>69=A# 8@9=>@6FF:G#89#A7=58H8=A#?@F:#9<=#8@9=>H65=#U=9;==@#7KUF85#A;895<=L#@=9;?>DA#6@L#9<=# KA=>AM#WA#A<?;@#U=F?;#8@#9<=#H8EK>=#TZV#pL696#9=>C8@6F#=XK87C=@9q#8A#6#KA=>wAKUA5>8U=>J# TuV#pL696#5?CCK@85698?@A#=XK87C=@9q#8A#6#L=B85=#U=9;==@#6#@=9;?>D#6@L#KA=>J#8@# E=@=>6F#89#8A#n{TVn#L=B85=J#TxV#6>=#@?9<8@E#UK9#L696#A;895<8@E#=I5<6@E=A#8@#6#765D=9# A;895<8@E#U6A=L#rWsM#
|,Q*7/-}R--~ -./60871-O59-,64-+8 85/564-
# 12#
38*645 45 78956*+,,85 5-,16+955*, 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
=>?@,0+,+9870-082,56,A,:1<85+B, CDE FGHIJKLM#MLHNO# 1DE PLQL#MJRS#MLHNO# TDE UNQVWOS#MLHNO# XD1Y#UNQVWOS#ZOW[J\NI#QGN#]NLRI#^WO#QGNIN#_INOI#`Pabc#QW#KW]]_RJKLQN#VJQG#NLKG# WQGNOD#dR#QGN#KWRQNeQ#W^#XD1Y#PLQL#MJRS#LR\#UNQVWOS#fLHNOIg#LR#XD1Y#Phb#JI#QGN#MWKLM# RNQVWOS#RW\N#QW#VGJKG#QGN#Pab#JI#KWRRNKQN\D#aGN#XD1Y#ZOWQWKWM#\N^JRNI#QGN#O_MNI#^WO# QGN#KW]]_RJKLQJWR#iNQVNNR#QGN#Pab#LR\#QGN#PhbD#jW_#]LH#LkLJR#RWQN#QGLQ# KW]]_RJKLQJWR#VJQGJR#QGN#lmU#]LH#iN#NRQJONMH#iH#IW]N#WQGNO#]NKGLRJI]D#nWMMWVJRk# LON#\NQLJMI#W^#NLKG#MLHNO#W^#XD1Yo# pE FGHIJKLM#MLHNOo#qZNKJ^H#QGN#ZGHIJKLMg#NMNKQOJKLM#LR\#JRQNO^LKN#iNQVNNR#GWIQ#LR\# RNQVWOSD#dQ#LMIW#IZNKJ^JNI#^_RKQJWRLM#LR\#ZOWKN\_OLM#KGLOLKQNOJIQJKI#QW#KWRQOWM#QGN# ZGHIJKLM#MJRS#iNQVNNR#L#Pab#LR\#L#PhbD#hW]]WR#J]ZMN]NRQLQJWR#JI# XD1CZOWQWKWMD# pE PLQL#MJRS#MLHNOo#PNLM#VJQG#\LQL#QOLRI]JIIJWR#W[NO#LR#iNQVNNR#_INO#Nr_JZ]NRQ# LR\#OW_QNOID#bOOWO#KWRQOWM#LR\#^MWV#KWRQOWM#LON#JQI#]LJR#ONIZWRIJiJMJQJNID#aGJI# MLHNO#KWRIJIQI#W^#QGN#MJRS#LKKNII#ZOWKN\_ON#^WO#\LQL#JRQNOKGLRkN#WR#QGN#MJRS# iNQVNNR#L#Pab#LR\#L#PhbD# pE UNQVWOS#MLHNOo#QGJI#MLHNO#IZNKJ^H#L#ZLKSNQsMLHNO#ZOWQWKWM#^WO#NeKGLRkJRk#KWRQOWM# LR\#_INO#\LQL#ZLKSNQI#QW#^WO]#L#ZLKSNQsIVJQKGJRk#RNQVWOS#iLIN\#WR#[JOQ_LM#KLMMID# dQ#GLI#]LJR#^_RKQJWRI#MJSN##m\\ONIIJRkg#nMWV#KWRQOWMg#PNMJ[NOH#KWR^JO]LQJWRg#NQKD# mMIWg#JQ#LMMWV#QW#NIQLiMJIGN\#tJOQ_LM#hJOK_JQ#LR\#INR\#ZLKSNQ#ONMJLiMHD# # XD1Y#JI#KWRRNKQJWR#WOJNRQN\#LOKGJQNKQ_ON#LR\#I_ZZWOQ#IVJQKGN\#[JOQ_LM#KJOK_JQI#`qthc#LR\# ZNO]LRNRQ#[JOQ_LM#KJOK_JQI#`FthcD#qVJQKGN\#[JOQ_LM#KJOK_JQI#LON#NIQLiMJIGN\#WR#QGN#RNN\# iLIJID#qth#JI#NIQLiMJIGN\#VGNR#L#KLMM#JI#]L\N#LR\#iOWSNR#\WVR#L^QNO#QGN#KLMM#JI# KW]ZMNQN\D#uR#QGN#WQGNO#GLR\g#ZNO]LRNRQ#[JOQ_LM#KJOK_JQI#LON#LM]WIQ#MNLIN\#SJR\#W^# KWRRNKQJWRIg#VGJKG#ZOW[J\N#L#\N\JKLQN\#KWRRNKQJWR#iNQVNNR#PabvID#XD1Y#INIIJWRI#LON# NIQLiMJIGN\#VGNR#WRN#Pab#\N[JKN#KWRQLKQI#LRWQGNO#QW#ONr_NIQ#L#KW]]_RJKLQJWR#INIIJWRD# aGN#Pab#\N[JKN#QGLQ#ONKNJ[NI#QGN#ONr_NIQ#KLR#NJQGNO#LKKNZQ#WO#ON^_IN#QGN#KWRRNKQJWRD#d^# QGN#ONr_NIQ#JI#LKKNZQN\g#QGN#QVW#IHIQN]I#iNkJR#^_MMs\_ZMNe#JR^WO]LQJWR#QOLRI^NOD#bJQGNO# Pab#\N[JKN#KLR#QNO]JRLQN#QGN#KWRRNKQJWRD#m^QNO#QGN#INIIJWR#JI#QNO]JRLQN\g#LRH#^_OQGNO# KW]]_RJKLQJWR#ONr_JONI#QGN#NIQLiMJIG]NRQ#W^#L#RNV#INIIJWRD#
?>Aw xy9z{,y{;9|,
nOL]N#}NMLH#JI#L#[JOQ_LMsKJOK_JQ#iLIN\#lmU#QGLQ#VLI#\NIJkRN\#QW#ZOW[J\N#]WON#N^^JKJNRQ# QOLRI]JIIJWR#IKGN]N#QGLR#XD1YD#dQ#ZOW[J\NI#KWRRNKQJWR#WOJNRQN\#INO[JKNI#LQ#ONLIWRLiMN# IZNN\#LR\#MWV#KWIQD#dRQNONIQJRkMH#JR#nOL]N#ONMLHg#QGN#ZLKSNQI#LON#RWV#W^#[LOJLiMN#MNRkQG# `KLMMN\#LI#^OL]Ng#VGJKG#JI#L#ONLIWR#I_KG#LOKGJQNKQ_ON#JI#RL]N\#n}m~b#}bfmjc#VJQG# MNII#W[NOGNL\ID#qW]N#W^#QGN#]LJR#\OLViLKSI#W^#XD1Y#LON#LI#^WMMWVo# CDE XD1Y#GLI#L#MWV# #SiZI#\LQL#OLQNg# dR#C #dQ#VLI#[NOH#MNII # 1DE XD1Y#GLI#NeQNRIJ[N#^MWV#hNRQOLM#LR\#NOOWO#KNRQOLM#LQ#iWQG#QGN#\LQL#MJRS#LR\# RNQVWOS#MLHNO#` NKL_IN#JR#C s2 #L[LJMLiMN#]N\JL#VLI#]WON#ZOWRN#W^#QGNIN# NOOWOI#LR\#LR#Wi NKQJ[N#W^#XD1Y#VLI#QW#\N[NMWZ#L#kMWiLM#IHIQN]#VGJKG#]LH#GL[N# ]WON#ZWIIJiJMJQH#W^#NOOWOIcD#dQ#KONLQNI#MLOkN#W[NOGNL\#LR\#IMWV#QOLRI]JIIJWRD# TDE XD1Y#VLI#\NIJkRN\#^WO#ZOJ[LQN#_INg#RWQ#^WO#dRQNORNQ#`Z_iMJK#_INcD#dQ#GLI#JQI#LVR# RNQVWOS#MLHNO#LR\#dRQNORNQ#GLI#JQI#LVR#GNRKN#ZLKSNQ#JI#NRKLZI_MLQN\#JR#XD1Y#LR\# QGLR#dRQNORNQg#VGJKG#JRKONLIN#W[NOGNL\ID# 12#
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`U9OFI=9#@A7O#U69=I<QF#MJKFW#U76@I>Q:76:;#DI@A#aG1VG# [GT H@#A7F#966<6#C9@9>@I<O#7@#C7@7#:IOE#:7;96#<O:;G# bT K<#5:<D#><O@6<:W#K<#966<6#><O@6<:W#K<#69c@67OF8IFFI<O#U<:I>;G# bT H?#?6789#IF#C787P9CW#I@#IF#C6<UU9CG# K<D#>7O#;<Q#7OFD96#DA;#56789#\9:7;#IF#?7F@96#@A7O#aG1Vd#eA9#7OFD96#IF#PI=9O#7B<=9# B9>7QF9#I@#A7F#?9D96#<=96A97CF#<?#966<6#><O@6<:#7OC#?:<D#><O@6<:G#
f,g*7/-hi--./60871-27+3,6/+6*7/-8j-f7kl/-m/nko-
#
HO#56789#\9:7;#97>A#QF96pFQBF>6IB96#P9@F#7#:97F9C#:IO9#@<#7#56789#\9:7;#O<C9W#A<D9=96# @A9#@67OF8IFFI<O#U7@AF#769#>A7OP9C#?69qQ9O@:;#7OC#@AIF#IF#@<@7::;#@67OFU769O@#@<#@A9#QF96FG# 56789#\9:7;#IF#QF9C#?<6#B<@A#=<I>9#7OC#C7@7#@67OF8IFFI<OG#r969W#@A9#C7@7#IF#U7>E9C#IO# =76I7B:9cFI]9#QOI@F#>7::9C#s?6789Fs#7OC#O9>9FF76;#966<6c><669>@I<O#:9?@#?<6#@A9#9OC#QOI@FG# HO#56789#69:7;#8<F@#<?#@A9#F96=I>9F#769#B7F9C#<O#U9687O9O@#=I6@Q7:#>I6>QI@#LtuvNW#DAI>A# PI=9F#7#?99:#P<<C#?7>@<6#@A7@#@A9;#A7=9#7#:97F9C#:IO9#><OO9>@I<O#7@#=96;#:<D#><F@G#JF#D9# CIF>QFF9C#976:I96W#56789#69:7;#<U967@9#IO#<O:;#UA;FI>7:#7OC#C7@7#:IOE#:7;96W#F<#@A7@#I@#>7O# 97FI:;#B9#QF9C#7F#B7>EB<O9cO9@D<6E#@<#<@A96#U6<@<><:F#A7=9#O9@D<6E#:7;96G#56789#\9:7;# :7;96F#769R# SGT tA;FI>7:#_7;96R#eA9#6<:9#<?#UA;FI>7:#:7;96#IF#FI8I:76#DI@A#<@A96#76>AI@9>@Q69FG# r<D9=96#IO#?6789#69:7;#O<#FU9>I?I>#U6<@<><:#IF#C9?IO9C#?<6#UA;FI>7:#:7;96#@<#PI=9# 12#
38*645 45 78956*+,,85 5-,16+955*, 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
12#
=>?@ABA>ACD#EFG#B?CC?H#IJFF?ICAKACD#LACM#JCM?H#EHIMAC?ICNH?OP#QC#ONRRJHCO#EFD#J=#CM?# RHJCJIJ>#H?IJSFAT?G#BD#UVWQP#XUY?HAIEF#VECAJFE>#WCEFGEHG#QFOCACNC?Z# [P\ ]ECE#^AF_#^ED?H`#aHEY?#b?>ED#NO?O#OAYR>?#RHJCJIJ>#CMEC#GJ?O#FJC#ONRRJHC#a>JL# cJFCHJ>d#?HHJH#cJFCHJ>d#JF>D#AC#MEO#?HHJH#G?C?ICAJF#Y?IMEFAOYP#eJL?K?Hd#CM?# ?HHJH#IJHH?ICAJF#AO#>?=C#=JH#CM?#?FGfNO?H#YEIMAF?OP# g55.1*,5-,g51.8,, hEIM#aHEY?#b?>ED#iHJCJIJ>#GECE#NFAC#Xi]jZ#IJFOAOCO#J=#CM?#=J>>JLAFS#=A?>GO`# # k# lm# KEHAEB>?# lm# k# g:17, 92258++, n6-55.1*05 g4q, g:17, 6, op, # q*15*,162,r62,g:17s,a>ES#aA?>G#AO#k#BAC#OAT?d#NO?G#CJ#R?H=JHY#tODFIMHJFATECAJFu#LMAIM# AFGAIEC?O#CM?#B?SAFFAFS#EFG#?FG#J=#CM?#=HEY?P#i>?EO?#H?=?H#CJ#CM?#NFAC#l#J=#B>JI_#ld#LM?H?# L?#MEK?#SAK?F#OAYA>EH#?@EYR>?#J=#OCEHC#EFG#?FG#BACO#NO?G#=JH#EODFIMHJFJNO# IJYYNFAIECAJFP#vNC#LMEC#LA>>#MERR?F#A=#CM?#=>ES#BAC#RECC?HF#LMAIM#L?#EH?#NOAFS#=JH#?FG# JH#OCEHC#E#IJYYNFAIECAJF#JIINHO#AF#B?CL??F#CM?#=>ESOP#wJ#EKJAG#AC#L?#NO?#BAC#OCN==AFS#EFG# G?fOCN==AFS#RHJI?GNH?O#EC#CM?#OJNHI?#EFG#G?OCAFECAJF#H?OR?ICAK?>DP# , g51.8,4x876,q8y/8678,zg4q{s,wMAO#AO#E#lm#BACO#aA?>Gd#LMAIM#IEHHA?O#lm#BACO#J=#IDI>AI# H?GNFGEFID#IM?I_#XcbcZ#NO?G#EC#?EIM#OLACIMAFS#FJG?#AF#CM?#F?CLJH_#=JH#?HHJH#G?C?ICAJFP## , n6-55.1*056s,wMAO#=A?>G#AO#E#KEHAEB>?#OAT?#=A?>G#B?IENO?#NO?H#IEF#O?FG#EFD#GECE#BACO#AF# CMAO#=A?>GP#wMAO#AO#CM?#EICNE>#GECE#LMAIM#F?CLJH_#LA>>#REOO#JF#CJ#H?I?AK?HP, , 92258++s,,8x0+,0+,1,|},~0*,55, ,~<*8+,-08:2,x1 067,-5::54067,-08:2+,06+028,5-,12258++s, # ]^cQ#c b# hU# ]^cQ# ahcV#vhcV# ]h# hU# m# l# l# # l# l# l# l# #### ;4ns#]ECE#>AF_#IJFF?ICAJF#AG?FCA=A?H#NO?G#CJ#AG?FCA=D#KAHCNE>#IAHINAC#AF#CM?#aHEY?# b?>EDP# # ]^cQ#=A?>G#AO#J=#l2#BAC#OAT?#R>EI?G#EC#CLJ#RJOACAJFO#AF#CM?#EGGH?OO#=A?>G#EO#SAK?F#B?>JL`# AZ\ wM?#lOC#]^cQ#AO#CM?#m#BACO#J=#=AHOC#vDC?O#J=#EGGH?OO#=A?>G# AAZ\ wM?#[FG#]^cQ#AO#CM?#=AHOC# #BACO#J=#O?IJFG#vDC?O#J=#EGGH?OO#=A?>G# 45..162 8+956+8,z4 {`#wMAO#AO#E#l#BAC#=A?>GP#QC#AO#RHJKAG?G#=JH#NRR?H#>ED?HO#CJ# AG?FCA=D#LM?CM?H#tE#=HEY?u#AO#E#IJYYEFG#JH#E#H?ORJFO?P#XwMAO#AO#FJC#=JH#aHEY?#b?>EDZ# r *86282,92258++s#wMAO#AO#l#BAC#=A?>Gd#LMAIM#AF=JHY#CM?#RHJCJIJ>O#EBJNC#CM?#EGGH?OOd# ONIM#EO`# \ Q=d#hU# #2#`#UFJCM?H#EGGH?OO#BDC?##AO#CJ#=J>>JLPX?@C?FG?G#EGGH?OO#IEF#B?#[ #BAC# JH#1[#BACZ# \ Q=d#hU# #l#`#cNHH?FC#BDC?#AO#CM?#=AFE>#EGGH?OO# gr43,zg554152,r 9:070*,45678+*056,35*0-071*056{s#ahcV#BAC#IEF#B?#O?C#XtluZ#BD# EFD#OLACIM#J=#CM?#F?CLJH_#CJ#AFGAIEC?#CMEC#CHE==AI#AO#IJFS?OC?G#AF#CM?#=HEY?O#CHEK?>>AFS# CJLEHGO#CM?#G?OCAFECAJF#YEIMAF?P#wMAO#BAC#AF=JHYO#CM?#G?OCAFECAJF#CMEC#IJFS?OCAJF#MEO# JIINHH?Gd#OJ#G?OCAFECAJF#OMJN>G#AO#H?EGD#=JH#G?>ED#JH#REI_?C#>JOOP# #
456789*+6,85-68-./60871567.-859+10979-6:;<,+,6-785=/46,85-.86,>,+96,85?@-ABCD#EFG#HIJK#FLMFNHGO# 27+3,6/+6*7/4NKLPOJGFKL#FL#H#DOGQKRST#ABCD#EFG#NHL#EO#JOG#UV2WX#EY#HLY#JQFGNZ#K[#GZO#LOGQKRS#GK# FLMFNHGO#GZHG#GRH[[FN#FJ#NKLPOJGOM#FL#GZO#[RH\OJ#GRH]OIIFLP#GKQHRMJ#GZO#JK^RNO#\HNZFLOT# _ZFJ#EFG#FL[KR\J#GZO#JOLMOR#\HNZFLO#GZHG#NKLPOJGFKL#ZHM#KNN^RROM#FL#GZO#LOGQKRS`# ZOLNO#JIKQaMKQL#GZO#bRKNOJJFLP#GK#bRO]OLG#[^RGZOR#MOIHY#KR#bHNSOG#IKJJT# # c,4+979-6<,=,d,<,6e-8c6?@-_ZFJ#FJ#H#2#EFG#[FOIM`#QZFNZ#FLMFNHGOJ#GZO#bRFKRFGY#K[#H#[RH\OT# #fK\OGF\O`#JQFGNZOJ#ZH]O#GK#MFJNHRM#[RH\O#UIFSO#NKLPOJGFKLXT#g[#hB#FJ#JOG#GK#V2W`# JQFGNZ#\HY#MFJNHRM#GZO#[RH\O#FL#bRKEIO\HGFN#JFG^HGFKL#OIJO#FG#FJ#]ORY#F\bKRGHLG#[RH\O# HLM#JZK^IM#LKG#EO#MFJNHRMOMT# i79j/-k/<9e-40,6+3,5=@-lORO#FJ#HL#OmH\bIO#K[#JQFGNZFLP#EOFLP#MKLO#FL#GZO#[RH\O#ROIHY#JQFGNZn# o9d</-p@--i79j/-k/<9e-q0,6+3,5=-c96945+8j,5=r*6=8,5=gLGOR[HNO# hsCg# gLGOR[HNO# hsCg# t# uv# 2w# 1u# t# 2t2# 2t# 2xu# t# # # # # gLGOR[HNO#t#ZHJ#RONOF]OM#t#bSGJ#QFGZ#hsCg##]HI^OJ#uv#HLM#2t2T`#_HEIO#\HFLGHFLOM#EY# JQFGNZ#JZKQ#GZHG#H#bSG#HRRF]FLP#HG#FLGOR[HNO#t#QFGZ#hsCg#y#uv#JZK^IM#EO#JK^GOM#GK# FLGOR[HNO#2w#QFGZ#hsCg#y#1uT#U_HEIO#GOIIJ#GZO#zRH\O#{OIHY#ZKQ#GK#[KRQHRM#zRH\OJ# [RK\#FLNK\FLP#FLGOR[HNO#GK#K^GPKFLP#bHGZX# 785=/46,85-785678<-,5-i79j/-k/<9e_ZO#zRH\O#{OIHY#LOGQKRS#FJ#MOJFPLOM#GK#ZHLMIO#E^JGY#MHGH`#QZOLO]OR#M^O#GK#GZO#ZFPZ# IKHM#HLM#MHGH#E^RJGJ#FL#JK\O#JOR]FNOJ`#[RH\OaROIHY#LOGQKRSJ#bRK]FMOJ#JK\O#O[[ONGF]O# \ONZHLFJ\J#GK#NKLGRKI#GZO#NKLPOJGFKLT#{O\O\EOR`#[IKQ#NKLGRKI#FJ#LKG#bOR[KR\OM#FL# MHGH#IFLS#IHYOR#K[#zRH\O#{OIHY#JK#NKLPOJGFKL#H]KFMHLNO#\ONZHLFJ\#HJ#PF]OL#EOIKQ#FJ# ^JOM#FL#zRH\O#{OIHYn# # CKLPOJGFKL#H]KFMHLNO#FJ#MKLO#GZRK^PZ#JZHRFLP#FL[KR\HGFKL#EOGQOOL#JOLMOR|RONOF]OR# LKMOJ#HEK^G#EHNSQHRM|[KRQHRM#NKLPOJGFKL#LKGF[FNHGFKL#FL#GZO#LOGQKRSn# }~ {ONOF]OR#NHL#JOLM#ABCD#EFG#HJ#H#bHRG#K[#KLO#K[#GZO# C #UHNSLKQIOMPO\OLGXT# LY#zRH\O#{OIHY#JQFGNZ`#JOLM#H#JbONFHI#bHNSOG#ZH]FLP#ABCD#EFG#GK#GZO#JOLMOR`# JK#GZHG#JOLMOR#\HY#HNG#HNNKRMFLPIYT# }~ _ZRK^PZ#zBCD#EFG`#QO#NHL#QHRL#GZO#MOJGFLHGFKL#GZHG#NKLPOJGFKL#ZHJ#KNN^RROM`# hOJGFLHGFKL#NHL#JOLM# C #QFGZ#ABCD#EFG#fOGT# IJK`#MOIHY#FL#JOLMFLP# C `# \HY#[KRNO#GZO#JOLMOR#[KR#MOIFEORHGO#MOIHY#FL#JOLMFLP#[^RGZOR#MHGH#HLM# NKLJO ^OLGIY#ROM^NO#NKLPOJGFKLT#
-----73/+1- 8*7- 78=7/44-p-
2T~ hF[[OROLGFHGO#EOGQOOL#]FRG^HI#NFRN^FG#HLM#MHGHPRH\T# # # # # 12#
38*645 45 78956*+,,85 5-,16+955*, 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
# 2=> ?@ABCDE#FEGHEEI#JK?#CIL#MK?#@N#O=2PQ# RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR# RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR# RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR# RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR# 1=> SDTGE#CIU#N@VD#LTNNEDEIWEX#FEGHEEI#O=2P#CIL#YDCAE#ZE[CU=# # RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR# RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR# RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR# RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR# \=> ]^B[CTI#G_E#VXEL#@N#Y]?`#CIL#a]?`#TI#YDCAE#ZE[CU=# RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR# RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR# RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR# RRRRRRRRRRRRRRRRRRRRRRRRRRRRRRRR#
bcde 98f,3g8hijk,
9+<67l5565/+,8516+-85,f528,m98fn#TX#C#N@DA#@N#LCGC#GDCIXATXXT@I#G_CG#C[[@HX# o@TWEp#oTLE@#CIL#LCGC#G@#FE#XEIG#C[@Iq#G_E#XCAE#IEGH@Dr=#sI#W@IGDCXG#G@#tuvp#TI#G_E# BCXGp#o@TWEp#oTLE@#CIL#LCGC#HEDE#GDCIXNEDDEL#VXTIq#XEBCDCGE#IEGH@DrX=##Y@D#E^CAB[Ep# o@TWE#HCX#GDCIXATGGEL#@oED#G_E#B_@IEp#oTLE@#@oED#WCF[E#IEGH@DrX#CIL#LCGC#@oED#CI# TIGEDIEG#H@Dr=##tuv#_CX#TGX#XTAT[CDTGTEX#HTG_#G_E#NDCAE#DE[CUp#BCDGTWV[CD[U#TI#G_E#GEDA# @N#LCGC#VITG#XTwEp#NDCAE#DEB[CU#VXEL#C#oCDTCF[E#[EIq_#LCGC#VITG#WC[[EL#NDCAE=#xI#G_E# W@IGDCDUp#tuv#VXEL#NT^EL#LCGC#VITG#ICAEL#CX#yWE[[zp#HE#WCI#XCU#tuv#CX#?E[[{ZE[CU# TI#CIC[@qU#G@#NDCAE#DE[CU=# # tuv#HCX#EAEDqEL#CX#C#oTCF[E#GEW_I@[@qU#N@D#ENNEWGToE#GDCIXATXXT@I#@N#o@TWEp#oTLE@# CIL#LCGC=##J@AE#@N#TGX#NECGVDEX#CDE|# }> tuv#TX#C#BCWrEG#IEGH@Dr#[TrE#O=2Pp#NDCAE#DE[CU=## }> tuv#TIGEqDCGEX#C[[#LTNNEDEIG#GUBEX#@N#GDCNNTW#TIG@#@IE#IEGH@Dr=# }> tuv#XVBB@DGX#AV[GTB[E^TIq#@N#AV[GTB[E#[@qTWC[#W@IIEWGT@IX#@oED#XTIq[E#B_UXTWC[# W_CIIE[=# }> tuv#L@EX#I@G#BD@oTLE#N[@H#?@IGD@[#CIL#EDD@D#W@IGD@[#CG#LCGC#[TIr#[CUED=## }> tuv#WCI#XEDoE#CX#C#~t`#@D#St`#FCWrF@IE#HTG_@VG#DE VTDTIq#CIU#IEGH@Dr# DEB[CWEAEIG=# }> tuv#WCI#FE#VXEL#TI#E^TXGTIq#B_UXTWC[#W_CIIE[X#CIL#IEGH@DrX=#aEWCVXE#tuv# HCX#LEoE[@BEL#G@#_CoE#XVW_#C#HTLE#DCIqE#@N#W@ABCGTFT[TGU#HTG_#E^TXGTIq# IEGH@DrXp#TGX#TAB[EAEIGCGT@I#L@EX#I@G#DE VTDE#DEB[CWEAEIG#@D#@oED{FVT[LTIq#@N# GE[EB_@IEp#LCGC#@D#WCF[E#IEGH@DrX=#sG#TX#C[X@#W@ABCGTF[E#HTG_#HTDE[EXX#CIL# XCGE[[TGE#W@AAVITWCGT@IX=# 12#
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`="_aVAE;"C;??"<;=>;@"=K>"bc" VAE;9"OH">=E=dQ":<BC<"C=K"=C<B;X;"VOE<"<BP<;@">=E="@=E;"=K>"?;99"E@=K9TB99BOK">;?=AL" e<=E":=9"9O"9M;CB=?"=VODE"fbc"VAE;9Sg"WOT;"M;OM?;"9=A"E<=E"hW"E;?;COTTDKBC=EBOK" O@P=KBJ=EBOK9":=KE9"ib"VAE;9"^;??"VDE"E<;"jD@OM;=K9"=K>"[=M=K;9;"E;?;COTTDKBC=EBOK" O@P=KBJ=EBOK9":=KE"1k"VAE;9"^;??L"WO"=9"="COTM@OTB9;Q"bc"VAE;":=9">;CB>;>L"" " " _"]AE;" bc"VAE;9" " z;=>;@" {=E="hKBE" " l+m96.,no,145,6.77,
e;"<=X;"X=@BOD9"=>X=KE=P;9"OH"D9BKP"HBI;>"9BJ;"9T=??"^;??Q"?BN;"BE"@;>DC;>"ZD;DBKP" >;?=A"HO@"="<BP<"M@BO@BEA"C;??L"F<B9"COKC;ME"9BTM?BHB;9"E<;"BTM?;T;KE=EBOK"OH"9:BEC<BKP" T;C<=KB9T"BK"<=@>:=@;L"F<;"HBI;>"C;??"9BJ;";K9D@;9"E<=E"EBT;aC@BEBC=?"BKHO@T=EBOK"9DC<" =9"XOBC;"O@"XB>;O"B9"KOE"=>X;@9;?A"=HH;CE;>"VA"?OKP">=E="H@=T;9"O@"M=CN;E9L"8?9OQ"E<;" C;??"<;=>;@"B9"O@P=KBJ;>"HO@";HHBCB;KE"9:BEC<BKPQ"XB@ED=?aCB@CDBE"B>;KEBHB;@9"=K>"<;=>;@" ;@@O@"C<;CN9L" " 8FG"C;??"<=9"E:O"HO@T=E9"HO@"D9;@"EO"K;E:O@N"BKE;@H=C;"=K>"K;E:O@N"EO"K;E:O@N" BKE;@H=C;"=9"9<O:K"BK"E<;"RBPD@;"bp"
l+m96.,qo,,r-3,s48,--3,7t,145,
,
42.,u.s8.6,l76vs5, F<;"9E@DCED@;"OH"E<;"<;=>;@"B9">BHH;@;KE"BK"hwx"=K>"wwxL""xK"E<;"K;E:O@NaK;E:O@N" BKE;@H=C;Q"E<;"XB@ED=?"M=E<"B>;KEBHB;@"HB;?>"B9";IM=K>;>"H@OT"c"EO"yk"VBE9L"
11"
38*645 45 78956*+,,85 5-,16+955*, 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
,
=,
>,
?,
E868507,F:54,456*55:G,
@,
A,
B,
C,
H05*/1:,I1*J,K286*0-085,
D,
,
H05*/1:,I1*J,K286*0-085, H05*/1:,4J1668:,K286*0-085, H05*/1:,4J1668:,K286*0-085, H05*/1:,4J1668:,K286*0-085, I1<:512,8<98,KL, 4;I, M81285,N5555,456*55:,
,
=,
>,
F07/58,BO,,P+85Q68*4556,K6*85-178,
?,
@,
A,
B,
C,
H05*/1:,I1*J,K286*0-085, H05*/1:,I1*J,K286*0-085, H05*/1:,4J1668:,K286*0-085, H05*/1:,4J1668:,K286*0-085, H05*/1:,4J1668:,K286*0-085, I1<:512,8<98,KL,,,4;I, M81285,N5555,456*55:, K3FRST98KR3,I9U;R9L,VA=,W<*8+X, F07/58,AO,,38*4556Q68*4556,06*85-178,
D,
YZ[\]#^_`#a__b#c[#[dZ#edcfce[Zfg][ge]#_h#Zced#_h#[dZ#hgZai]#_h#[dZ#dZciZf#h_fjc[#_h#c^# klm#eZaan# E868507,F:54,456*55:,VEF4X, ldZ#opq#hgZai#_h#[dZ#dZciZf#g]#_^ar#iZhg^Zi#cef_]]#[dZ#stu#c^i#i_Z]#^_[#cvvZcf#g^#[dZ# ttun# wxyz{|}y~ u[#e_^[f_a]#[dZ#[fchhge#ha_`#cef_]]#[dZ#stun# H05*/1:,I1*J,K286*0-085,VHIKX, ldZ# u#g]#c^# g[#hgZai#h_f#[dZ#stu#c^i#c# g[#hgZai#h_f#[dZ#ttun# wxyz{|}y~ u[#e_^][g[ [Z]#c#f_ [g^ #hgZai#h_f#[dZ#^Z[`_fb#c^i#g]# ]Zi#[_#giZ^[ghr# gf[ ca#vc[d]n# u^#c^#giaZ#eZaa #[dZ# u#g]#]Z[#[_#caa# \]n## l_ Z[dZf#`g[d#[dZ# gf[ ca#qdc^^Za#uiZ^[ghgZf #[dZ# u#vf_ giZ]#c# ^g Z#a_eca# giZ^[ghgec[g_^#h_f#[dZ#[fc^]jg]]g_^n# , 12#
456789*+6,85-68-./608715,76*67-83655/7-49/56,9,/7-:584;27+3,6/+6*7/4<=#>?#@#ABCD>=#E>FGH#I?FH#=J#>HFK=>EL#@#M>N=I@G#OP@KKFGQ#RJN#>HGF#OFGG?S#=PF#TU<#>?#?F=#=J#@GG# VW?Q# XYZ[\]^Z_ `a <=#EIKO=>JK?#@?#@#?FNM>OF#@OOF??#bJ>K=#@KH#>=#>?#I?FH#EJN#NJI=>Kc#=J#@KH#ENJd#=PF# FKH#I?FNQ# `a eJcF=PFN#f>=P#=PF#T>N=I@G#g@=P#<HFK=>E>FNS#=PF#TU<#bNJM>HF?#@#IK>hIF#GJO@G# >HFK=>E>O@=>JK#EJN#=PF#=N@K?d>??>JKQ# i6j7869-kjl/-49/56,9,/7-:ik4;ePF#ge<#E>FGH#>KH>O@=F?#=PF#=LbF#JE#>KEJNd@=>JK#>K#=PF#>KEJNd@=>JK#E>FGHQ##ePF#M@GIF#>K# F@OP#JE#=PF#=PNFF#D>=?#JE#ge<#>KH>O@=F#H>EEFNFK=#OJKH>=>JK?Q# `a m>=#A#>?#?F=#=J#A#=J#>HFK=>EL#JbFN@=>JKS#@Hd>K>?=N@=>JKS#JN#d@>K=FK@KOF#OFGG?#n>QFQ# @KL=P>Kc#J=PFN#=P@K#H@=@#OFGG?oQ## # `a m>=#p#>?#?F=#=J#A#=J#>KH>O@=F#=P@=#OJKcF?=>JK#f@?#FqbFN>FKOFH#DL#@#H@=@#OFGG#>K# =N@K?d>??>JK#@KH#>?#JKGL#M@G>H#fPFK#D>=#r#>?#?F=#=J#VQ## `a m>=#1#>?#I?FH#=J#OJKMFL#>KEJNd@=>JK#DF=fFFK#FKHCI?FN?Q# 8/77-s844-i7,87,6j-:8si;ePF#ACD>=#Utg#E>FGH#>?#I?FH#EJN#>KH>O@=>JK#JE#=PF#bN>JN>=L#JE#=PF#OFGGQ#<=#>?#I?FH#=J# bNJM>HF#cI>H@KOF#=J#=PF#KF=fJNu#>K#=PF#FMFK=#JE#OJKcF?=>JKQ##vPFK#?F=#=J#M@GIF#AS#>=# >KH>O@=F?#=P@=#=PF#OFGG#d@L#DF#H>?O@NHFH#f>=P>K#=PF#KF=fJNu#fPFK#OJKcF?=>JK#JOOIN?Q## vPFK#=PF#Utg#M@GIF#>?#?F=#=J#VS#>=#>KH>O@=F?#=P@=#=PF#OFGG#>?#JE#NFG@=>MFGL#P>cP#bN>JN>=L# @KH#?PJIGH#DF#H>?O@NHFH#JKGL#>K#?>=I@=>JK?#fPFK#KJ#@G=FNK@=>MF#>?#@M@>G@DGFQ# w/69/7-x7787-8856787-:wx8;y@OP#ze{#OFGG#>KOGIHF?#@K#|CD>=#}yU#=P@=#>?#O@GOIG@=FH#D@?FH#JK#=PF#NFd@>K>Kc#1p# D>=?#JE#=PF#PF@HFNQ## XYZ[\]^Z_ `a <=#HF=FO=?#@GG#?>KcGFCD>=#FNNJN?#@KH#?JdF#dIG=>bGFCD>=#FNNJN?Q#z?#@K#ze{#OFGG#>?# NFOF>MFH#@=#@#?f>=OPS#=PF#}yU#JE#=PF#OFGG#>?#OJdb@NFH#@KH#@GG#OFGG?#f>=P#}yU# H>?ONFb@KO>F?#nFNNJN?o#@NF#H>?O@NHFHQ#UFGG?#f>=P#?>KcGFCD>=#FNNJN?#d@L#DF#?ID~FO=# =J#FNNJN#OJNNFO=>JK#>E#?IbbJN=FH#JN#H>?O@NHFHQ#vPFK#@#OFGG#>?#b@??FH#=PNJIcP#=PF# ?f>=OP#@KH#=PF#Tg< TU<#M@GIF?#@NF#@G=FNFHS#=PF#}yU#>?#NFO@GOIG@=FH#EJN#=PF#OFGG# bN>JN#=J#DF>Kc#b@??FH#JI=#=J#=PF#bJN=Q# 2k -s6j/74ze{#>?#@#OJKKFO=>JKC>KMFK=FH#bNJ=JOJGQ#ze{#P@?#@#G@LFNFH#?=NIO=INF#=P@=#>?#?>d>G@N#=J# =PF# CG@LFNH# <#dJHFGQ#}JfFMFNS#ze{#JKGL#@HHNF??F?#=PF#EIKO=>JK@G>=L#JE#=PF#=fJ# GJfF?=#G@LFN?#JE#=PF# <#dJHFGS#>QFQ# `a ePF#bPL?>O@G#G@LFN#@KH## `a ePF#H@=@#G>Ku#G@LFNQ# zb@N=#ENJd#=PF?F#=fJ#G@LFN?S#@GG#J=PFN#G@LFN?#JE#=PF# <#dJHFG#@NF#>NNFGFM@K=#>K#ze{S# @?#=PF?F#G@LFN?#@NF#JKGL#b@N=#JE#=PF#FKO@b?IG@=FH#>KEJNd@=>JK#bJN=>JK#JE#=PF#OFGG#fP>OP# >?#KJ=#I?FH#DL#=PF#ze{#KF=fJNuQ#<K#ze{S#=PNFF#G@LFN?#P@KHGF#=PF#EIKO=>JK@G>=L#JE#=PF# =fJ#GJfFN# <#G@LFN?Q#
12#
38*645 45 78956*+,,85 5-,16+955*, 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
=07/58,>?,,98@,162,ABC,@528:,
#
DEF GH<+071:,;1<85?#IJK#LJMNDOPQ#QPMKR#SKTDUKN#VJK#NLKODTDOPVDWU#WT#P#VRPUNXDNNDWU# XKSDYX#ZOWLLKR[#TD\KR#WLVDO[#OWP]DPQ[#^_`[#aDRKQKNNE#PUS#P#NDbUPQ#KUOWSDUb# NOJKXK#PUS#KQKOVRDOPQ#VW#WLVDOPQ#VRPUNTWRXPVDWUc##dV#LRWeDSKN#OWUeKRbKUOK#aDVJ# LJMNDOPQ#VRPUNLWRV#LRWVWOWQN#NYOJ#PN#fghiI#PN#aKQQ#PN#VJK#XKOJPUDNX#TWR# VRPUNTWRXDUb#VJK#TQWa#WT#OKQQN#DUVW#P#TQWa#WT#\DVNc#IJK#jIk#TWRX#JPN#QKTV#XWNV# WT#VJK#NLKODTDOPVDWU#TWR#VJDN#QKeKQ#VW#VJK#DXLQKXKUVKRc# DDEF 8H8,98@,;1<85?,IJK#jIk#QPMKR#SKPQN#aDVJ#OKQQN#PUS#OKQQ#VRPUNLWRVc##dV#SKTDUKN# VJK#QPMWYV#WT#P#OKQQ#PUS#VKQQN#aJPV#VJK#JKPSKR#TDKQSN#XKPUc##IJK#NDlK#WT#P#OKQQ#DN# m1#\MVKN#Zm#\MVKN#WT#JKPSKR#PUS#no#\MVKN#WT#LPMQWPSEc##pKOPYNK#KPOJ#OKQQ#DN#VJK# NPXK#NDlK#PUS#PQQ#PRK#RKQPVDeKQM#NXPQQ[#SKQPM#PUS#WVJKR#LRW\QKXN#aDVJ# XYQVDLQK]DUb#SDTTKRKUV#NDlKS#LPOqKVN#PRK#PeWDSKSc# dV#PQNW#SKPQN#aDVJ#KNVP\QDNJXKUV#PUS#RKQKPNK#WT#eDRVYPQ#ODROYDVNc##`WUbKNVDWU# OWUVRWQ#DN#PQNW#QWOPVKS#JKRKc##dV#RKNKX\QKN#VJK#UKVaWRq#QPMKR#WT#VJK#gfd#XWSKQ#PN# DV#JPN#bWV#VJK#OJPRPOVKRDNVDON#WT#VJK#UKVaWRq#QPMKR#LRWVWOWQ#WT#gfd#XWSKQ#QDqK# rWYVDUb[#faDVOJDUb[#iUS#VW#KUS#eDRVYPQ#ODROYDV#NKV#YL#PUS#IRPTTDO#XPUPbKXKUVc# # faDVOJKN#DU#jIk#LRWeDSK#\WVJ#NaDVOJDUb#PUS#XYQVDLQK]DUbc#j#`KQQ#TWRXPV#WT# jIk#sPMKR#PRK#SDNVDUbYDNJKS#PN[thd#ZtNKR#hKVaWRq#dUVKRTPOKE#PUS#hhd# ZhKVaWRquhKVaWRq#dUVKRTPOKE# # dU#\WVJ#OPNKN#VJK#OKQQ#OWUNDNVN#WT#P#m#\MVK#JKPSKR#TWQQWaKS#\M#P#no#\MVKN#LPMu QWPS#\YV#VJK#VaW#JKPSKRN#PRK#NQDbJVQM#SDTTKRKUVc# # DDDEF 98@,9219*1*056,;1<85?,IJK#jIk#jSPLVPVDWU#sPMKR#ZjjsE#XPLN#VJK#JDbJKRu QKeKQ#SPVP#DUVW#jIk#OKQQN#VW#\K#VRPUNLWRVKS#WeKR#VJK#jIk#UKVaWRq[#DcKc#VJDN# QPMKR#NKbXKUVN#VJK#SPVP#PUS#PSSN#PLLRWLRDPVK#KRRWR#OWUVRWQ#DUTWRXPVDWU#PN# UKOKNNPRMc#dV#DN#SKLKUSKUV#WU#VJK#VMLK#WT#NKReDOKN#ZeWDOK[#SPVP#KVOcE#\KDUb# VRPUNLWRVKS#\M#VJK#JDbJKR#QPMKRc## # jIk#DN#OWUUKOVDWU#WRDKUVKS#PUS#PQQWaN#VJK#YNKR#VW#NLKODTM#VJK#RKNWYROKN# RKvYDRKS#WU#P#LKRuOWUUKOVDWU#\PNDN#ZLKR#fw`E#SMUPXDOPQQMc#IJKRK#PRK#VJK#TDeK# OQPNNKN#WT#NKReDOK#SKTDUKS#TWR#jIk#ZPN#LKR#jIk#_WRYX#thd#ncx#NLKODTDOPVDWUEc## 12#
456789*+6,85-68-./60871256-7/78,+/-9:;44/427+3,6/+6*7/47/78,+/-9:;44-<*;:,6=-8>-7/78,+/-?;7;@/6/7-# # ABCDEFCE#GHE#IFEJ# ALM#OPFDD#HD#QDJR#SBI#JTQPFEHCU#OHIOQHE#DVHEOWHCUX#YWJ# OJPP#IFEJ#HD#OBCDEFCE#VHEW#EHTJX#ALM#FZZPHOFEHBCD#FIJ# KALMN## DJCDHEH[J#EB#OJPP\RJPF]#[FIHFEHBCX#^_FTZPJD#BS# FZZPHOFEHBCD#EWFE#OFC#QDJ#ALM#FIJ#EJPJZWBCJ#EIFSSHO#KHXJX# C_`a#bGZDNc#[HRJB#OBCSJIJCOHCU#FCR#EJPJ[HDHBCX# # # # dFIHFGPJ#GHE#IFEJeCBC\ dLM\fMY#OPFDD#FPPBVD#QDJID#EB#DJCR#EIFSSHO#FE#F#IFEJ#EWFE# IJFP#EHTJ#KdLMefMYN##[FIHJD#VHEW#EHTJ#RJZJCRHCU#BC#EWJ#F[FHPFGHPHE]#BS#QDJI# HCSBITFEHBCX#gEFEHDEHOFP#TQPEHZPJ_HCU#HD#ZIB[HRJR#EB#TFbJ# BZEHTQT#QDJ#BS#CJEVBIb#IJDBQIOJDX#hQPEHTJRHF#J\TFHP#HD# FC#J_FTZPJ#BS#dLMefMYX# ## # # dFIHFGPJ#GHE#IFEJeIJFP# YWHD#OPFDD#HD#DHTHPFI#EB#dLMefMY#GQE#HD#RJDHUCJR#SBI# EHTJ#KdLMeMYN## FZZPHOFEHBCD#EWFE#FIJ#DJCDHEH[J#EB#OJPP\RJPF]#[FIHFEHBCX# ^_FTZPJD#SBI#IJFP\EHTJ#dLM#FIJ#[BHOJ#VHEW#DZJJOW# FOEH[HE]#RJEJOEHBC#KgijN#FCR#HCEJIFOEH[J#OBTZIJDDJR# [HRJBX## # # # i[FHPFGPJ#GHE#IFEJ# iLM#OPFDD#ZIB[HRJD#IFEJ\GFDJR#SPBV#OBCEIBP#FCR#HD#FHTJR# FE#RFEF#EIFSSHO#DQOW#FD#SHPJ#EIFCDSJI#FCR#J\TFHPX#iPEWBQUW# KiLMN## EWJ#DEFCRFIR#RBJD#CBE#IJkQHIJ#EWJ#OJPP#EIFCDSJI#RJPF]#FCR# OJPP\PBDD#IFEHB#EB#GJ#UQFIFCEJJR#BI#THCHTHlJRc#HE#HD# RJDHIFGPJ#SBI#DVHEOWJD#EB#THCHTHlJ#RJPF]#FCR#PBDD#FD# TQOW#FD#ZBDDHGPJX#jJZJCRHCU#QZBC#EWJ#DEFEJ#BS# OBCUJDEHBC#HC#EWJ#CJEVBIbc#EWJ#DBQIOJ#HD#IJkQHIJR#EB# OBCEIBP#HED#IFEJX#YWJ#QDJID#FIJ#FPPBVJR#EB#RJOPFIJ#F# THCHTQT#OJPP#IFEJc#VWHOW#HD#UQFIFCEJJR#EB#EWJ# OBCCJOEHBC#G]#EWJ#CJEVBIbX## # # # mCDZJOHSHJR#GHE#IFEJ# mLM#OPFDD#HD#VHRJP]#QDJR#EBRF]#SBI#YAnopnX## # KmLMN## # # YWJ#iYh#qBIQT#WFD#HRJCEHSHJR#OJIEFHC#EJOWCHOFP#ZFIFTJEJID#EB#GJ#FDDBOHFEJR#VHEW#F# OBCCJOEHBCX## # jJZJCRHCU#BC#EWJ#E]ZJ#BS#RFEFc#DJ[JIFP#E]ZJD#BS#iir#PF]JID#WF[J#GJJC#RJSHCJRX## sBVJ[JIc#CB#iir#HD#IJDEIHOEJR#EB#F#DZJOHSHO#RFEF#OPFDD#BI#E]ZJt#FPP#E]ZJD#BS#RFEF#OBQPR# OBCOJH[FGP]#GJ#WFCRPJR#G]#FC]#BS#EWJ#iirDX#YWJ#[FIHBQD#iir#ZIBEBOBPD#RJSHCJR#FIJu# vXw iir#v## xXw iir#x## 1Xw iir#1oa#KPF]JI#1#FCR#a#VJIJ#TJIUJR#EB#F[BHR#SQCOEHBC#B[JIPFZZHCUN# aXw iir#y## #
12#
38*645 45 78956*+,,85 5-,16+955*, 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
12#
=>?@#A>BCD#EF#GHI#JK#FLDM@CD#NJOJNCN#JPME#MQE#KLRA>BCDK# ST UGV#WUCXYCPM>MJEP#>PN#VC>KKCYRABZ# ST [U#W[EPOCDXCP?C#ULRA>BCDZ\# ]87.86*1*056,^,_81++8.`:<a#H@JK#JK#M@C#AEQCD#b>DM#EF#M@C#GGc\##H@C#UGV# KLRA>BCD#RDC>dK#b>?dCMK#Lb#JPME#?CAAK#EP#M@C#MD>PKYJKKJEP#KJNC#>PN#bLMK#M@CY# R>?d#MEXCM@CD#>X>JP#>M#M@C#NCKMJP>MJEP\##eM#?>P#>NN#@C>NCDK#>PN#MD>JACDK#ME#M@C#N>M># LPJMK#XJOCP#ME#JM#RB#M@C#[U#ME#FEDY#b>BAE>NK\##eM#JK#R>KJ?>AAB#?EP?CDPCN#QJM@# ?CAAK\# # 456f8578678,]/`:1<85a##H@C#[U#KLRA>BCD#Y>dCK#JM#bEKKJRAC#ME#@>OC#GHI# KBKMCYK#EFFCD#NJFFCDCPM#dJPN#EF#KCDOJ?CK#ME#NJFFCDCPM#>bbAJ?>MJEPK\##H@C#[U#JK# DCKbEPKJRAC#FED#>??CbMJPX#RJM#KMDC>YK#ED#>DRJMD>DB#ACPXM@#YCKK>XCK#FDEY#M@C# >bbAJ?>MJEP#>PN#RDC>dJPX#M@CY#JPME#LPJMK#EF#gg#ED#g2#RBMCK#FED#MD>PKYJKKJEP\# h556067,5-,98i,, j@CP#>#LKCD#KCPNK#N>M>#EOCD#M@C#GHI#PCMQEDdk#M@C#@JX@CDlACOCA#N>M>#LPJM#JK#b>KKCN# NEQP#ME#M@C#[EPOCDXCP?C#ULRA>BCD#EF#M@C#GGc#c>BCDk#Q@J?@#bDCb>DCK#M@C#N>M>#FED#M@C# GHI#c>BCD#>??EDNJPX#ME#M@C#NCKJXP>MCN#GGc#bDEME?EA\#H@C#N>M>#JK#M@CP#b>KKCN#NEQP#ME# M@C#UCXYCPM>MJEP#>PN#VC>KKCYRAB#ULRA>BCD#EF#M@C#GGc#c>BCDk#Q@J?@#NJOJNCK#M@C#N>M># LPJM#JPME#>bbDEbDJ>MCAB#KJmCN#KCXYCPMK\## # H@CKC#KCXYCPMK#>DC#M@CP#b>KKCN#NEQP#ME#M@C#GHI#c>BCDk#Q@J?@#NCFJPCK#>P# >bbDEbDJ>MC#?CAA#@C>NCD#FED#C>?@#KCXYCPM#>PN#CP?>bKLA>MCK#M@C#@C>NCD#>PN#b>BAE>N# KCXYCPM#JPME#>#n1lRBMC#GHI#?CAA\#H@C#?CAAK#>DC#M@CP#b>KKCN#NEQP#ME#M@C#o@BKJ?>A# c>BCDk#Q@J?@#KMDC>YK#M@C#?CAAK#>M#>P#>bbDEbDJ>MC#b>?C#FED#M@C#MD>PKYJKKJEP#YCNJLY# RCJPX#LKCNk#>NNJPX#CYbMB#?CAAK#>K#PCCNCN\## GHI#?JD?LJM#?EPPC?MJEPK#>DC#EF#MQE#MBbCKp## q\T rJDML>A#o>M@K#>PN# s\T rJDML>A#[@>PPCAK\# G#OJDML>A#?@>PPCA#JK#>#LPJNJDC?MJEP>A#bJbC#Y>NC#Lb#FDEY#M@C#?EP?>MCP>MJEP#EF#># KCtLCP?C#EF#?EPPC?MJEP#CACYCPMK\#G#OJDML>A#b>M@,756+0+*+,5-,1,+8*,5-,*u8+8,f05*/1:, 7u1668:+v,,=>?@#OJDML>A#?@>PPCA#>PN#OJDML>A#b>M@#@>K#>P#JNCPMJFJCD#>KKE?J>MCN#QJM@#JM\# rJDML>A#b>M@#JK#JNCPMJFJCN#RB#rJDML>A#o>M@#eNCPMJFJCDK#WroeZ#>PN#>#OJDML>A#?@>PPCA#JK# JNCPMJFJCN#RB#>#rJDML>A#[@>PPCA#eNCPMJFJCD#Wr[eZ\##GAA#?@>PPCAK#QJM@JP#>#KJPXAC#b>M@# YLKM#@>OC#NJKMJP?M#?@>PPCA#JNCPMJFJCDK#RLM#Y>B#@>OC#M@C#K>YC#?@>PPCA#JNCPMJFJCD#>K# ?@>PPCAK#JP#NJFFCDCPM#OJDML>A#b>M@K\## # GP#JPNJOJNL>A#?@>PPCA#?>P#M@CDCFEDC#RC#LPJtLCAB#JNCPMJFJCN#RB#JMK#OJDML>A#?@>PPCA#>PN# OJDML>A#b>M@#PLYRCD\##[CAA#KCtLCP?C#JK#Y>JPM>JPCN#M@DELX@#>#OJDML>A#?@>PPCA# ?EPPC?MJEP\# GHI#?EPPC?MJEPK#?>P#RC#?>MCXEDJKCN#JPME#MQE#MBbCKp# JZT wxyz{|{x|}xyz{~ xzz {yxz ,#H@CKC#>DC#M@C#?EPPC?MJEPK#Q@J?@#?EPPC?M#MQE# GHI#CPNlKBKMCYK\#UL?@#?EPPC?MJEPK#?>P#RC#LPJNJDC?MJEP>A#ED#RJNJDC?MJEP>A\## JJZT wxyz{|{x| {y}xyz{~ xzz {yxz ~H@CKC#>DC#M@C#?EPPC?MJEPK~Q@J?@#?EPPC?MK#># KJPXAC#KELD?C#CPNlKBKMCY#dPEQP#>K#M@C#DEEM#PENCZ#ME#YLAMJbAC#NCKMJP>MJEP#CPNl KBKMCYK#WdPEQP#>K#AC>OCKZ\## H@C#R>KJ?#EbCD>MJEP#EF#>P#GHI#KQJM?@#JK#OCDB#KJYbAC#ME#LPNCDKM>PN\### q\T H@C#GHI#KQJM?@#DC?CJOCK#>#?CAA#>?DEKK#>#AJPd#EP#>#dPEQP#r[e#ED#roe#O>ALC\#
5-68-./60871567 89:#;8<#=>?@A9#BCCD=#EF#@9:#ACGG:A@?CG#HIBE:#?G#I#BCAIB#@JIG=BI@?CG#@IKB:#@C# 456789*+6,827 +3,6/+6*7/4L:@:JM?G:#@9:#CE@NC?GN#FCJ@#OCJ#FCJ@=P#CQ#@9:#ACGG:A@?CG#IGL#@9:#G:>#RSTURVT# HIBE:#CQ#@9:#ACGG:A@?CG#CG#@9I@#B?GD6# 167 89:#;8<#=>?@A9#@9:G#J:@JIG=M?@=#@9:#A:BB#CG#@9I@#CE@NC?GN#B?GD#>?@9#@9:# IFFJCFJ?I@:#ACGG:A@?CG#?L:G@?Q?:J=6## 89:#MIGG:J#?G#>9?A9#@9:#BCAIB#@JIG=BI@?CG#@IKB:=#IJ:#=:@#EF#L:@:JM?G:#@9:#@>C# QEGLIM:G@IB#@WF:=#CQ#;8<#ACGG:A@?CG=X## Y7 Z[\]^_[_`abc\`d^eafg__[h`cg_iajZbfkl#;#SRV#?=#I#ACGG:A@?CG#=:@#EF#KW#=CM:# :m@:JGIB#M:A9IG?=Mn#@WF?AIBBW#G:@>CJD#MIGIN:M:G@n#?G#>9?A9#I#=:@#CQ#=>?@A9:=# K:@>::G#IG#;8<#=CEJA:#IGL#L:=@?GI@?CG#;8<#=W=@:M#IJ:#FJCNJIMM:L#>?@9#@9:# IFFJCFJ?I@:#RSTURVT#HIBE:=6## Y7 opc`hq[rabc\`d^eafg__[h`cg_iajobfkl#;G#sRV#?=#I#ACGG:A@?CG#@9I@#?=#=:@#EF# IE@CMI@?AIBBW#@9JCEN9#I#=?NGIBB?GN#FJC@CACB6#sRV=#LC#GC@#J:tE?J:#@9:#MIGEIB# ?G@:JIA@?CG#G::L:L#@C#=:@#EF#SRV=#IGL#I=#=EA9n#IJ:#B?D:BW#@C#K:#MEA9#MCJ:# >?L:BW#E=:L6## u7vww,+-x85678y;G#;8<#G:@>CJD#G::L=#:QQ?A?:G@#8JIQQ?A#VCG@JCB#M:A9IG?=M=#@C#IBBCAI@:#G:@>CJD# J:=CEJA:=#?G#=EA9#I#>IW#I=#@C#=:FIJI@:#@JIQQ?A#QBC>=#IAACJL?GN#@C#@9:#HIJ?CE=#=:JH?A:# ABI==:=#IGL#@C#ACF:#>?@9#FC@:G@?IB#:JJCJ=#>?@9?G#@9:#G:@>CJD#I@#IGW#@?M:6## ./60871-z/48*7+/-{v5v|/}/56~-- :@>CJD# :=CEJA:#MIGIN:M:G@#L:IB=#>?@9# IBBCAI@?CG#CQ#G:@>CJD#J:=CEJA:=#?G#=EA9#I#>IW#@9I@##@JIQQ?A#?=#=:FIJI@:L#CG#@9:#KI=?=#CQ# @9:#=:JH?A:#A9IJIA@:J?=@?A=6##;#@CCB#CQ#G:@>CJD#J:=CEJA:#MIGIN:M:G@#>9?A9#AIG#K:# E=:L#QCJ#8JIQQ?A#VCG@JCB#?=#@9:- ,76*vy- v63-6/+35, */6##;#H?J@EIB#FI@9#ACGG:A@?CG# ORSVP#NJCEF=#=:H:JIB#H?J@EIB#A9IGG:B#ACGG:A@?CG=#ORVVP=##@CN:@9:J#=EA9#@9I@#CGBW#@9:# ACBB:A@?H:#@JIQQ?A#CQ#IG#:G@?J:#H?J@EIB#FI@9#9I=#@C#K:#9IGLB:L6##TG#@9?=#@WF:#CQ#=:@EFn# FJ?CJ?@W#ACG@JCB#AIG#K:#=EFFCJ@:L#KW#J:INNJ:NI@?GN##@JIQQ?A#@WF:=#J:tE?J?GN#L?QQ:J:G@# tEIB?@?:=#CQ#=:JH?A:#@9JCEN9#H?J@EIB#FI@9=6#<:==IN:=#QCJ#@9:#CF:JI@?CG#CQ#@JIQQ?A#ACG@JCB# AIG#K:#MCJ:#:I=?BW#L?=@J?KE@:Ln##I#=?GNB:#M:==IN:#J:Q:JJ?GN#@C#IBB#@9:#H?J@EIB#A9IGG:B=# >?@9?G#I#H?J@EIB#FI@9#>?BB#LC6# # x855/+6,85-29},44,85-x85678y~-VCGG:A@?CG#;LM?==?CG#VCG@JCB#?=#@9:#=:@#CQ#IA@?CG=# @ID:G#KW#@9:#G:@>CJD#?G#FJC@:A@?GN#?@=:BQ#QJCM#:mA:==?H:#?GFE@#BCIL=6## 9:G#I#E=:J# J:tE:=@=#I#G:>#H?J@EIB#FI@9#ACGG:A@?CG#CJ#H?J@EIB#A9IGG:B#ACGG:A@?CGn#@9:#E=:J#G::L=#@C# =F:A?QW#@9:#@JIQQ?A#A9IJIA@:J?=@?A=#?G#KC@9#L?J:A@?CG=#QCJ#@9I@#ACGG:A@?CG6##89:#G:@>CJD# :=@IKB?=9:=#=EA9#I#ACGG:A@?CG#CGBW#?Q#=EQQ?A?:G@#G:@>CJD#J:=CEJA:=#IJ:#IHI?BIKB:#@C# :=@IKB?=9#@9:#:GL @C :GL#ACGG:A@?CG#>?@9#@9:#J:tE?J:L#tEIB?@W#CQ#=:JH?A:6#89:#INJ::L# tEIB?@W#CQ#=:JH?A:#QCJ#IGW#CQ#@9:#:m?=@?GN#A9IGG:B=#ME=@#GC@#K:#IQQ:A@:L#KW#@9:#G:># ACGG:A@?CG6## # 4v|/- v7v}/6/7-x85678y-v59-./60871- v7v}/6/7-x85678y~-;Q@:J#I#ACGG:A@?CG#?=# IAA:F@:L#KW#@9:#VCGG:A@?CG#;LM?==?CG#VCG@JCB#QEGA@?CGn#@9:# SV#QEGA@?CG#CQ# G:@>CJD#MCG?@CJ=#@9:#ACGG:A@?CG#@C#A9:AD#>9:@9:J#@9:#@JIQQ?A#ACGQCJM=#@C#@9:#@JIQQ?A# ACG@JIA@6# 89:#MI?G#FEJFC=:#CQ# SVU SV#?=#@C#FJC@:A@#@9:#G:@>CJD#J:=CEJA:=#QJCM#IG#CH:JBCIL# CG#CG:#ACGG:A@?CG#@9I@#>CEBL#IQQ:A@#@9:#tEIB?@W#CQ#=:JH?A:#CQ#C@9:J#IBJ:ILW#:=@IKB?=9:L# ACGG:A@?CG=6# =IN:#SIJIM:@:J#VCG@JCB#O SVP#IGL# :@>CJD#SIJIM:@:J#VCG@JCB#O SVP# LC#@9:#=IM:# CK#I@#L?QQ:J:G@#?G@:JQIA:=6#89:# SV#QEGA@?CG#?=#F:JQCJM:L#I@#@9:# Tn# >9?B:#@9:# SV#QEGA@?CG#?=#F:JQCJM:L#I@#@9:# T6#### # EGA@?CG=#F:JQCJM:L#KW#@9:# =IN:#FIJIM:@:J#ACG@JCB#?GABEL:X# Y7 V9:AD?GN#@9:#HIB?L?@W#CQ#RSTURVT#HIBE:=6##
12#
38*645 45 78956*+,,85 5-,16+955*, 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
=> ?@ABC@DBAE#CFG#CDHIIBJ#K@LMNG#GACGDBAE#CFG#AGCO@DP#ID@N#HLL#HJCBKG#QR#HAS#QT# J@AAGJCB@AU#C@#GAUMDG#CFHC#CFG#HEDGGS#VHDHNGCGDU#HDG#A@C#KB@LHCGSW## => ?@ABC@DBAE#CFG#C@CHL#K@LMNG#@I#CFG#HJJGVCGS#CDHIIBJ#@A#CFG#HJJGUU#LBAPW## => XGCGJCBAE#KB@LHCB@AU#@I#J@ACDHJCGS#YHEDGGSZ#VHDHNGCGD#KHLMGU#HAS#CHPBAE# HVVD@VDBHCG#HJCB@AUW# [50550*<,456*55:\,,RDB@DBC]#J@ACD@L#BU#HA#BNV@DCHAC#IMAJCB@A#HU#BCU#NHBA#@^_GJCBKG#BU#C@# SBUJHDS#L@OGD#VDB@DBC]#JGLLU#BA#@DSGD#C@#VD@CGJC#CFG#VGDI@DNHAJG#@I#FBEFGD`VDB@DBC]#JGLLUW# # 45678+*056,456*55:\,T@AEGUCB@A#BU#H#UCHCG#@I#AGCO@DP#OFGDGBA#CFG#AGCO@DP#DGU@MDJGU# HDG#@KGDL@HSGSW##aFBU#UBCMHCB@A#BASBJHCGU#CFHC#CFG#AGCO@DP#BU#A@C#H^LG#C@#EMHDHACGG#CFG# AGE@CBHCGS#bMHLBC]#@I#UGDKBJG#C@#CFG#GUCH^LBUFGS#J@AAGJCB@AU#HAS#C@#CFG#AGO#J@AAGJCB@A# DGbMGUCUW##ca?#T@AEGUCB@A#J@ACD@L#DGIGDU#C@#CFG#NGHUMDGU#CHPGA#^]#CFG#AGCO@DP#C@# NBABNBdG#CFG#BACGAUBC]e#UVDGHS#HAS#SMDHCB@A#@I#AGCO@DP#J@AEGUCB@AW## fW> cU#H#FBEF`^HASOBSCF#NGSBMN#OBCF#L@O#SGLH]#HAS#CFG#JHVH^BLBC]#C@#^G#UOBCJFGS#@D# D@MCGS#C@#H#UVGJBIBJ#SGUCBAHCB@Ae#ca?#VD@KBSGU#H#MABI@DNBC]#CFHC#NGGCU#CFG#AGGSU# @I#CFG#CGLGVF@AGe#JH^LG#CGLGKBUB@Ae#KBSG@#HAS#SHCH#BASMUCDBGUW#aFBU#MABKGDUHL# J@NVHCB^BLBC]#NHPGU#BC#V@UUB^LG#C@#BACGDJ@AAGJC#CFG#AGCO@DPU#g#U@NGCFBAE#CFHC#BU# A@C#JMDDGACL]#V@UUB^LG#^GJHMUG#@I#CFG#KHDB@MU#CDHAUNBUUB@A#UCHASHDSU#MUGS#^]#GHJF# BASMUCD]W# hW> iAG#@I#CFG#PG]#HSKHACHEGU#@I#ca?#BU#BCU#H^BLBC]#C@#CDHAUNBC#KBSG@#OBCF@MC#JDGHCBAE# H#_BCCGD]#VBJCMDG#@D#L@UBAE#CFG#U]AJFD@ABUHCB@A#@I#CFG#U@MAS#HAS#VBJCMDGW#aFBU#BU# V@UUB^LG#SMG#C@#VD@VGD#DGU@MDJG#HLL@JHCB@A#HAS#HSNBUUB@A#J@ACD@LW# jW> ca?#HLU@#VD@KBSGU#S]AHNBJ#^HASOBSCF#I@D#^MDUC]#CDHIIBJW# 1W> aGLGVF@AG#AGCO@DPU#J@AAGJC#GHJF#CGLGVF@AG#C@#GKGD]#@CFGD#CGLGVF@AG#MUBAE#H# SGSBJHCGS#VHCFe#^MC#JHDD]#AHDD@O#^HASOBSCF#UBEAHLUW#TH^LG#AGCO@DPU#JHDD]# ^D@HS^HAS#UBEAHLUe#^MC#@AL]#J@AAGJC#UM^UJDB^GDU#C@#JGACDHLBUGS#L@JHCB@AUW#a@#^MBLS# H#AGCO@DP#CFHC#O@MLS#VD@KBSG#H#SGSBJHCGS#J@AAGJCB@A#^GCOGGA#UGASGD#HAS#DGJGBKGD# I@D#^D@HS^HAS#J@NNMABJHCB@AU#O@MLS#^G#VD@FB^BCBKGL]#GkVGAUBKGW#l@D#CFBU#DGHU@Ae# ca?#UGGNU#C@#^G#CFG#^GUC#F@VG#UBAJG#BC#JHA#MUG#GkBUCBAE#AGCO@DPU#C@#SGLBKGD# UBNVLG#K@BJG#HAS#SHCH#HU#OGLL#HU#J@NVLGk#HAS#CBNG`UGAUBCBKG#CGLGKBUB@A#UBEAHLUW# ca?#JHA#HLU@#FHASLG#^B`SBDGJCB@AHL#J@NNMABJHCB@AU#GHUBL]W# mW> nALBPG#VHJPGC#UOBCJFBAEe#ca?#BU#SGUBEAGS#I@D#FBEF`VGDI@DNHAJG#NMLCBNGSBH# AGCO@DPBAEW#
o,,,,,4p876,q5/5,[55758++,r,
fW> sFHC#HDG#QRt#HAS#QTt#BA#ca?#AGCO@DPu#sDBCG#CFG#BNV@DCHAJG#@I#GHJFW# vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv# vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv# vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv# vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv# hW> wkVLHBA#F@O#ca?#LH]GDU#HDG#SBKBSGS#BAC@#UM^`LH]GDUW# vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv# vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv# vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv# 12#
5678 49:;-2.<-49:=->?@A?4@B-
CDE#FGHIJGK#LMJN#MO#PDE#QRPEGREP#HS#PM#FGMTHUE#JR#JVSPGJWP#THEX#MO#PDE#WMIFNEYHPHES# HRTMNTEU#HR#HPZ#QRPEGREP#I[SP#JFFEJG#JS#SHRLNE#REPXMG\#MO#WMIF[PEGSZ#]P#PDE#SJIE#PHIE# REPXMG\#JUIHRHSPGJPMGS#MG#[SEGS#I[SP#VE#OGEE#PM#WDMMSE#DJGUXJGE#MG#TJGHM[S# HRPEGREPXMG\HRL#PEWDRMNMLHES#NH\E#^PDEGREP_#CM\ER#GHRL#EPWZ#`HOOEGERP#REPXMG\HRL# # ## PEWDRMNMLHES#DJTE#UHOOEGERP#FDKSHWJN#JUUGESSHRL#IEWDJRHSISZ#CDEGEOMGE_#HUERPHOKHRL#J# WMIF[PEG#MR#QRPEGREP#HS#J#WDJNNERLEZ#CM#DJTE#[RHOMGI#JUUGESSHRL#OMG#WMIF[PEGS#MTEG#PDE# QRPEGREP_#Qa#SMOPXJGE#UEOHRES#JR#Qa#JUUGESS#XDHWD#HS#J#NMLHWJN#JUUGESSZ#bMX_#XDER#J# WMIF[PEG#XJRPS#PM#WMII[RHWJPE#PM#JRMPDEG#WMIF[PEG#MR#PDE#QRPEGREP_#HP#WJR#[SE#NMLHWJN# JUUGESS#JRU#HS#RMP#VMPDEGEU#XHPD#PDE#FDKSHWJN#JUUGESS#MO#PDE#UESPHRJPHMR#JRU#DERWE#PDE# OMGIJP#JRU#SHcE#MO#UJPJ#FJW\EPZ##
456789*+6,85-68-./6087127+3,6/+6*7/4-
5676d8efg44/4-8h-49-2997/44-
QRPEGREP#JUUGESSES#JGE#ij#VHPS#NMRL_#XGHPPER#JS#OM[G#VKPES#SEFJGJPEU#VK#FEGHMUS## kO[NN#SPMFSlZ#CDEK#WJR#GJRLE#OGMI#mZmZ#mZm#PM#jjiZ#jnnZ#jnnZ#jnnZ#QPoS#XMGPD#RMPHRL#PDJP# Qa#JUUGESSES#JGE#SPMGEU#HR#VHLpERUHJR#OMGIJP_#XHPD#PDE#IMSP#SHLRHOHWJRP#VKPE#OHGSP_#GEJU# NEOP#PM#GHLDPZ#CDHS#WMRPGJSPS#XHPD#PDE#NHPPNEpERUHJR#OMGIJP#[SEU#MR#QRPENp#VJSEU#SKSPEIS# OMG#SPMGHRL#ijp#VHP#R[IVEGSZ#CDHS#IHRMG#FMHRP#WJR#WJ[SE#J#NMP#MO#PGM[VNE#OMG#aq# FGMLGJIIEGS#JRU#MPDEGS#XMG\HRL#XHPD#GJX#Qa#UJPJ#HO#PDEK#OMGLEPZ# Qa#JUUGESSES#WMIFGHSE#PXM#FJGPS_#PDE#REPXMG\#Q`#JRU#PDE#DMSP#Q`Z#]R#Qa#JUUGESS#WJR# HUERPHOK#J#REPXMG\#kHO#PDE#DMSP#FJGP#HS#JNN#cEGMl#MG#JR#HRUHTHU[JN#DMSPZ#CDE#UHTHUHRL#NHRE# VEPXEER#PDE#REPXMG\#Q`#JRU#PDE#DMSP#Q`#HS#RMP#WMRSPJRPZ#QRSPEJU_#Qa#JUUGESSES#JGE#SFNHP# HRPM#OHTE#WNJSSES_#XDHWD#JNNMX#OMG#J#SIJNN#R[IVEG#MO#TEGK#NJGLE#REPXMG\S_#J#IEUH[I# R[IVEG#MO#IEUH[Ip#SHcEU#REPXMG\S#JRU#J#NJGLE#R[IVEG#MO#SIJNN#REPXMG\SZ#CDE#WNJSSES# MO#Qa#JUUGESS#JGE#VGHEONK#EYFNJHREU#VENMX_#PDE#SPG[WP[GE#MO#PDESE#WNJSSES#JGE#JNSM#SDMXR# HRZ# # 492997/44efg44]# # q# `# ^#
z,s3- r87~g6- Ag5s/- .86-8h- .86-8h- g 6- 9*7 84/./60871- -z846- z8464>79/7{,6|4}{,64- {,64m# bZ Z Z # 2ZmZmZm#PM# x# j1# jj1pj# EX#NJGLE# 2j ZmZmZm# MGLJRHSJPHMRS# 2 2_m# bZbZ Z # 2jyZ2ZmZm#PM# 21# 2 # j pj# EUH[IpSHcE# 2 2Zjn1ZmZm# MGLJRHSJPHMRS# y 2_2_m# bZbZbZ # 2 jZmZ2Zm#PM# j2# y# jpj# ENJPHTENK#SIJNN# jjiZjnnZjn1Zm# MGLJRHSJPHMRS# 2_2_2_m# b ]# jj1ZmZmZm#PM# b ]# b ]# b ]# [NPHWJSP#LGM[FS# ji ZjnnZjnnZjnn# k q#222jl# 2_2_2_2# b ]# j1mZmZmZm#PM# b ]# b ]# b ]# [P[GE# SE# jn1ZjnnZjnnZjnn# k^YFEGHIERPJNl# r,s*7/-;t-efg44/4-8h-49:;-g997/44-
Qa#OMNNMXS#PDESE#G[NES#PM#UEPEGIHRE#PDE#JUUGESS#WNJSSu# vw efg44-2t#QO#PDE#OHGSP#VHP#MO#JR#Qa#JUUGESS#HS#m_#HP#HS#PDE#JUUGESS#MO#J#WNJSS#]# REPXMG\Z#CDE#OHGSP#VHP#MO#J#WNJSS#]#JUUGESS#HUERPHOHES#PDE#JUUGESS#WNJSSZ#CDE#REYP# x#VHPS#HUERPHOK#PDE#REPXMG\_#JRU#PDE#NJSP#j1#VHPS#HUERPHOK#PDE#DMSPZ#CDEGE#JGE# OEXEG#PDJR#2jy#WNJSSES#J#REPXMG\#R[IVEGS_#V[P#EJWD#WNJSS#]#REPXMG\#WJR#VE# WMIFMSEU#MO#IHNNHMRS#MO#DMSPSZ# 12#
38*645 45 78956*+,,85 5-,16+955*, 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
12#
=> 4:1++,?@#AB#CDE#BFGHC#2#IFCH#JB#CDE#KLLGEHH#KGE#M#NO#FC#FH#K#PQKHH#R#SECTJGU#KLLGEHHV# WDE#BFGHC#2#IFCH#FLESCFBX#PQKHHY#CDE#SEZC#M1#IFCH#FLESCFBX#CDE#SECTJGUO#KSL#CDE#QKHC# M[#IFCH#FLESCFBX#CDE#DJHCV#WDEGE#KGE#CDJ\HKSLH#JB#PQKHH#R#SECTJGU#S\]IEGH#KSL# EKPD#PQKHH#R#SECTJGU#PKS#PJSCKFS#CDJ\HKSLH#JB#DJHCHV# => 4:1++,4@,AB#CDE#BFGHC#^#IFCH#JB#CDE#KLLGEHH#KGE#M#M#NO#FC#FH#K#PQKHH#_#SECTJGU# KLLGEHHV#AS#K#PQKHH#_#KLLGEHHO#CDE#BFGHC#^#IFCH#KGE#PQKHH#FLESCFBFEGHY#CDE#SEZC#2M#IFCH# KGE#CDE#SECTJGU#KLLGEHHO#KSL#CDE#QKHC#`#IFCH#FLESCFBX#CDE#DJHCV#WDEGE#KGE#]FQQFJSH# JB#PQKHH#_#SECTJGU#S\]IEGHO#I\C#EKPD#PQKHH#_#SECTJGU#FH#PJ]aJHEL#JB#BETEG# CDKS#2b1#DJHCHV# => 4:1++,c@,AB#CDE#BFGHC#1#IFCH#JB#CDE#KLLGEHH#KGE#M#M#M#NO#FC#FH#K#]\QCFPKHC#KLLGEHHV# WDEHE#KLLGEHHEH#KGE#HJ]ECF]EH#PKQQEL#PQKHH#d#KLLGEHHEHO#I\C#CDEX#LJSeC#GEKQQX# GEBEG#CJ#HaEPFBFP#SECTJGUHV#f\QCFPKHC#KLLGEHHEH#KGE#\HEL#CJ#KLLGEHH#gGJ\aH#JB# PJ]a\CEGH#KQQ#KC#JSE#CF]EV#f\QCFPKHC#KLLGEHHEH#FLESCFBX#K#gGJ\a#JB#PJ]a\CEGH# CDKC#HDKGE#K#PJ]]JS#KaaQFPKCFJSO#H\PD#KH#K#hFLEJ#PJSBEGESPEO#KH#JaaJHEL#CJ#K# gGJ\a#JB#PJ]a\CEGH#CDKC#HDKGE#K#PJ]]JS#SECTJGUV# => 4:1++,i@#AB#CDE#BFGHC#BJ\G#IFCH#JB#CDE#KLLGEHH#KGE#M#M#M#MO#FC#FH#K#HaEPFKQ#GEHEGhEL# KLLGEHHV#WDEHE#KLLGEHHEH#KGE#PKQQEL#PQKHH#j#KLLGEHHEHO#I\C#CDEX#LJSeC#GEKQQX#GEBEG# CJ#HaEPFBFP#SECTJGUHV#kJ#S\]IEGH#KGE#P\GGESCQX#KHHFgSEL#FS#CDFH#GKSgEV# Al#KLLGEHHEH#KGE#\H\KQQX#TGFCCES#KH#BJ\G#LEPF]KQ#S\]IEGH#HEaKGKCEL#IX#LJCH#maEGFJLHnV# jKPD#JB#CDE#BJ\G#S\]IEGH#FH#FS#CDE#GKSgE#No2bb#mCDE#LEPF]KQ#hKQ\EH#aJHHFIQE#BJG#K#HFSgQE# IXCEnV#REPK\HE#CDE#IFCH#CDKC#FLESCFBX#PQKHH#KGE#PJSCFg\J\H#TFCD#CDE#SECTJGU#IFCH#JB#CDE# KLLGEHHO#TE#PKS#Q\]a#CDE]#CJgECDEG#KSL#QJJU#KC#CDE#KLLGEHH#KH#PJ]aJHEL#JB#B\QQ#IXCEH#JB# SECTJGU#KLLGEHH#KSL#B\QQ#IXCEH#JB#DJHC#KLLGEHHV#AB#CDE#hKQ\E#JB#CDE#BFGHC#IXCE#FHp# => qEHH#CDKS#M2`O#CDE#KLLGEHH#FH#PQKHH#rY#CDE#BFGHC#IXCE#FH#CDE#SECTJGU#S\]IEGO#KSL# CDE#SEZC#CDGEE#IXCEH#KGE#CDE#DJHC#KLLGEHHV# => sGJ]#M2`#CJ#MtMO#CDE#KLLGEHH#FH#PQKHH#RY#CDE#BFGHC#CTJ#IXCEH#FLESCFBX#CDE#SECTJGUO# KSL#CDE#QKHC#CTJ#IXCEH#FLESCFBX#CDE#DJHCV# => sGJ]#Mt2#CJ#22^O#CDE#KLLGEHH#FH#PQKHH#_Y#CDE#BFGHC#CDGEE#IXCEH#KGE#CDE#SECTJGU# KLLGEHHO#KSL#CDE#QKHC#IXCE#FH#CDE#DJHC#S\]IEGV# => sGJ]#221#CJ#2^tO#CDE#KLLGEHH#FH#]\QCFPKHCV#WDEGE#FH#SJ#SECTJGU#aKGCV#WDE#ESCFGE# KLLGEHH#FLESCFBFEH#K#HaEPFBFP#]\QCFPKHC#gGJ\aV# => uGEKCEG#CDKS#2^tO#CDE#KLLGEHH#FH#GEHEGhELV# WJ#QEKGS#B\GCDEG#KIJ\C#Al#KLLGEHH#KSL#_Adv#XJ\#PKS#HEE#CDE#PJ\GHE#]KCEGFKQ#JB#R_wo N[Mp#W_lxAl#aGJgGK]]E#TDFPD#XJ\#TFQQ#HC\LX#FS#XJ\G#SEZC#HE]EHCEGV# yz{|,}{85{084, ~FCD#CDE#KLhKSPE]ESC#FS#CDE#CEPDSJQJgFEHO#]JIFQEoDKSLDEQL#LEhFPEH#KSL#E]EGgFSg# KaaQFPKCFJSHO##FC#FH# \FCE#EhFLESC#CDKC#HJJS#CDE#Al#KLLGEHHEH#aGJhFLEL#IX#Alh1#KGE#SJC# H\BBFPFESCV#AS#CDE#GEPESC#B\C\GE#TE#PKS#JaEGKCE#KSL#\HE#hKGFJ\H#H]KGC#LEFPEH#mQFUE#W O# sGFLgEHO#PK]EGKHO#r_HO#aDJSEO#]JIFQEHO#ECPnV#jKPD#JB#H\PD#LEhFPEH#TFQQ#GE \FGE#K#\SF \E# Al#KLLGEHHO#TDFPD#TFQQ#FSPGEKHE#CDE#LE]KSL#JB#Al#KLLGEHHEH#EZaJSESCFKQQXV# ## WDE#S\]IEG#JB#Alh1#\SF \E#KLLGEHHEH#FH#SJC#CDKC#QKGgE#FS#GEQKCFJS#CJ#CDE#P\GGESC#GKCE#JB# EZaKSHFJS#JB#CDE#ASCEGSECV#_JSHE \ESCQXO#K#SET#KLLGEHHFSg#HXHCE]#DKH#IEES#LEhFHEL# TDFPD#FH#K#aKGC#JB#ASCEGSEC#lGJCJMP2`J##QV#hEGHFJS#[#mAlh[nO#TDFPD#\HEH#M2`oIFC#KLLGEHHEHO# ]EKSH#CJ^C2KQ#KLLGEHHEH#TFQQ#IE#2 V#Alh1#\HEH#^2oIFC#KLLGEHHEHO#]EKSH#CJCKQ#2K`L#LGEHHEH# TFQQ#IE#2 #KGJ\SL#1O2t1Ot[ O2t[#\SF \E#KLLGEHHEHV#Alh[#DKH#KQ]JHC# VtZMN CF]EH#]JGE# KLLGEHHEH#CDKS#Alh1V# # AC#FH#aJHHFIQE#CDKC#Alh[#TJ\QL#SJC#IE#\HEL#JG#F]aQE]ESCEL#PJ]aQECEQX#FS#CDE#PJ]FSg# PJ\aQE#JB#XEKGHV#WDFH#Alh[#mASCEGSEC#lGJCJPJQ#hEGHFJS#[n#FH#K#GEhFHFJS#JB#CDE#EKGQFEG#
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a87bc6! ?;3C13E<;6A;;1E3H1I521R3.4:P3DEE21;;1;3D21365/;<;035I31<TS03T25AJ;35I3I5A23 S1KDE16<LD73E<T<0;3;1JD2D01E3H@36575/;38U9R3I5231KDLJ713 GQQMUQEHOUOVD2UQQ1GUQQQQUODG1UQ2WQUW221>3d10;3;1130S13H<0365LJ5;<0<5/35I3D/3.4:P3 DEE21;;R3D;3C13B/5C31D6S3S1KDE16<LD73;S5A7E3H135I313H<0;31D6SR3</3D3T25AJ3C13SD:13 I5A23S1KDE16<LD73H<0;3S1/613D3T25AJ3SD;3MP3H<0;>3e5C3C13SD:13O3T25AJ;3;53MP3 LA70<J713C<0S3O3<;3MGO3H<0;>3?/@3.4:P3DEE21;;3LD@3H1321EA61E3D/E3</012J2101E3A;</T3 0S13I5775C</T32A71;U3 YZ f<2;030S</T3<;371DE</T3g1251;3I25L30S13T25AJ;35I3S1KDE16<LD73E<T<0;36D/3H13 21L5:1ER3;<L<7D230530S136A221/6@3CS121371DE</T3g125;3D213/50S</T>3f5231KDLJ71R3 65/:12030S13T25AJ3QQ2P30532P>3 YZ ?7CD@;321L1LH1230SD03S1KDE16<LD73E<T<0;3</30S13T25AJ;3D213/5036D;1X;1/;<0<:13]A;03 7<B130S1363J25T2DLL</Th31>T>R30S13T25AJ;3QOij3D/E3QOEH3D213;DL1>3 YZ e1K03@5A3LD@3L12T13;A661;;<:13T25AJ;35I35/13523L5213g1251;R3A;</T3D3E5AH713 6575/38UU93053</E<6D0130S135L<001E3T25AJ;>33jA0R3E5AH7136575/3LD@35/7@3H13A;1E3 5/613</3D/@3T<:1/3DEE21;;3 [S13</<0<D73J2561;;3D/E3I1C3<LJ71L1/0D0<5/35I3.4:P3SD:13H11/3E5/1R3HA03;0<7730S13 02D/;<0<5/3J2561;;35I321J7D6</T3I25L3.4:13C<0S3.4:P3C<77365/0</A13I52365AJ7135I3@1D2;>3 k13LA;0365/;<E1230SD03D03J21;1/03.4:13<;3HD6BH5/135I3./012/10R321J7D6</T3<0R3<;3/503D/3 1D;@3J2561;;>3i1I</<017@3<03C<773H13E5/13;75C302D/;<0<5/3I25L35/13;0DT13053D/50S12>3 f5775C</T3D2130S13DJJ25D6S1;3H1</T3A;1E3I52321J7D6</T3I25L3.4:13C<0S3.4:PU3 M>Z 425056573[2D/;7D0<5/3 G>Z iAD733.43_0D6B3 2>Z [A//17</T3 l7868)8m!n7c5-mc6+85! d<B13D/@350S123J25056573H50S3.4:13D/E3.4:P3D213A;</T30S1<235C/3S1DE12;>33[S1213D213 E<II121/03B</E;35I3.4:13053.4:P302D/;7D052;3J5;;<H713
12#
279534 34 678459*++74 4,+05*8449+ 034 51--. +88859/609/45+051+ 279;34 :0 74+45/56+ +
<= >?"@ABCAD"EDBFGHBEIDJ"KE"E@A">?"HBLADM"NA"DAOHBPAG">?Q1"@ABCAD"RL">?QS"@ABCAD" E@DITU@"EDFGHBEVIFW">?"@ABCAD"EDBFGHBEID"VG"GVXVHBD"EI"YKZM"YAENID["KCCDAGG" ZDBFGHBEIDW" <= Z\?"DAHBLJ"KE"E@A"Z\?"HBLADM"NA"PBF"EDBFGXVE">?Q1"Z\?"PIFFAPEVIF"EI">?QS" Z\?"PIFFAPEVIFM"BFC"QVPA"QADGBM"DAUBDCHAGG"I]"E@A"BOOHVPBEVIF"ODIEIPIH"TGAC" IQAD"Z\?W"" <= KOOHVPBEVIF"UBEANBLJ">F"E@VG"EAP@FIHIUL"NA"NID[G"VF"BOOHVPBEVIF"ODIEIPIH"HBLAD" ^GTP@"BG"_Z?M"`ZZ?aM"BFC"TGAG"BOOHVPBEVIF"ODIEIPIHbGOAPV]VP"XAP@BFVGX"]ID" ODIEIPIH"EDBFGHBEVIFW" ?DIEIPIH"EDBFGHBEVIF"XBL"VFEAD]ADA"NVE@"BF"IRcAPEVQA"I]"AFCbEIbAFC"EDBFGOBDAFPL"VF" FAENID["PIXXTFVPBEVIFGW"KHGIM"E@A"TGA"I]"ODIEIPIH"EDBFGHBEIDG"PBTGA"ODIRHAXG"NVE@" YKZ"BFC"HVXVE"E@A"TGA"I]"BCCDAGGVFUW" d.09+ef+*9065++ >F"CTBH">?"GEBP["VXOHAXAFEBEVIFM"NA"NVHH"TGA"RIE@">?Q1"BFC">?QS"ODIEIPIH"GEBP[G" EIUAE@AD"BE"E@A">FEADFAE"HBLADW"gTBH">?"GEBP["GAAXG"EI"RA"B"]BVD"GIHTEVIF"]ID">?QS" VXOHAXAFEBEVIFM"BG"VE"BQIVCG"XBFL"PIXOHAhVEVAG"BFC"IQAD@ABCGW"gTBHbGEBP[AC"@IGEG" DTFFVFU"IF"B"CTBHbGEBP["FAENID["BHHIN"BOOHVPBEVIFG"EI"XVUDBEA"IFA"BE"B"EVXA"]DIX">?Q1" EI">?QSW""KOOHVPBEVIFG"BFC"CAQVPAG"^E@BE"BDA"FIE"TOUDBCAC"BPPIDCVFU"EI">?QS"GEBP[a"PBF" PIAhVGE"NVE@"TOUDBCAC">?QS"BOOHVPBEVIFG"IF"E@A"GBXA"FAENID["GLGEAXW""" >F"CTBH"GEBP["NA"NVHH"FAAC"E@A"CAQVPAG"@BQVFU"PBOBRVHVEL"I]"@BFCHVFU"RIE@">?Q1"BFC" >?QS"PBF"TGA"BFL">?Q1"ID">?QSM"CAOAFCVFU"IF"E@A"DAiTVDAXAFEW"gTBH"GEBP["BOODIBP@" NVHH"RA"PIGEHL"BFC"VF"GIXA"PBGAG"FAENID["CAQVPAG"XBL"FIE"GTOOIDE"E@VG"XOHAXAFEBEVIFW"" 7.5579/56+ >F"ETFFAHVFUM"NA"XABF"EI"AFPBOGTHBEA"E@A"OBP[AEG"I]"IFA"ODIEIPIH"VFEI"E@A"OBP[AEG"I]" BFIE@AD"ODIEIPIHW"jIXAE@VFU"HV[AG"[AAOVFU"IFA"HAEEAD"AFQAHIOA"VFEI"BFIE@AD"AFQAHIOAW" KGGTXA"B"GVETBEVIF"BG"G@INF"VF"E@A"]VUTDA"N@AF"ENI"VGIHBEAC">?QS"FAENID[G"FAAC"EI" PIXXTFVPBEA"IQAD"BF">?Q1"FAENID[M"CTBHbGEBP["DITEADG"BE"E@A"FAENID["ACUAG"PBF"RA" TGAC"EI"GAE"TO"B"ETFFAH"N@VP@"AFPBOGTHBEAG"E@A">?QS"OBP[AEG"NVE@VF">?Q1"BFC" PIXXTFVPBEA"^RAENAAF"ENI">?QS"FAENID[Ga"NVE@ITE"TOCBEVFU"E@A"VFEADbXACVBEIDL" >?Q1"FAENID["VF]DBGEDTPETDAW""
k/6.47+lm+7.5579/56+n76o05/*-+,44+efpq+
r+++++3o765+s4.4+f44647**+t+
"
uW= gVGPTGG"E@A"FAAC"I]">?QSW" vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv" vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv" vvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvv"
11"
456789*+6,85-68-./60871567 89:;<=>#?@A#BC<;#D?<EF#<::GH<E@#IHG#JKLM#=N:;ANA>?<?=H>6# 27+3,6/+6*7/4OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO# OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO# OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO# OOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO#
PQRS TUVV2WX-
YA?ZHGF#<GE@=?AE?CGA#=D#<#EHN:;A?A#BAD=[>#HI#<#EHNNC>=E<?=H>D#>A?ZHGF6#KG=N<G=;\# ZA#E<>#D<\#?@<?#=?#=D#<#IG<NAZHGF#IHG#?@A#D:AE=I=E<?=H>#HI#<#>A?ZHGF]D#:@\D=E<;# EHN:H>A>?D^#?@A=G#IC>E?=H><;#HG[<>=_<?=H>#<>B#EH>I=[CG<?=H>6#J>#?@=D#C>=?#\HC#@<LA# ;A<G>?#<`HC?#a652^#bG<NA#cA;<\#<>B#def#dGE@=?AE?CGAD6#a652#=D#<>#H;B#D?<>B<GB# :GH?HEH;#DC=?A#IHG#:<EFA?#`<DAB#Z=BA#<GA<#>A?ZHGF6#e@A#H;B#>A?ZHGFD#N<=>;\#?A;Ag EHNNC>=E<?=H>D#EHN:<>=AD#<>B#defhD#i<C?HN<?AB#?A;;AG#N<E@=>ADj#ZAGA#IH;;HZ=>[# a652#:GH?HEH;D#IHG#:<EFA?#DZ=?E@=>[#`<DAB#>A?ZHGF6#bG<NA#cA;<\#=D#<#L=G?C<;gE=GEC=?# `<DAB#kdY#?@<?#Z<D#BAD=[>AB#?H#:GHL=BA#NHGA#AII=E=A>?#?G<>DN=DD=H>#DE@ANA#?@<># a6526#J?#:GHL=BAD#EH>>AE?=H>#HG=A>?AB#DAGL=EAD#<?#GA<DH><`;A#D:AAB#<>B#;HZ#EHD?6# dD\>E@GH>HCD#eG<>DIAG#fHBA#idefj#=D#<#IHGN#HI#B<?<#?G<>DN=DD=H>#?@<?#<;;HZD#LH=EA^# L=BAH#<>B#B<?<#?H#`A#DA>?#<;H>[#?@A#D<NA#>A?ZHGF6#J>#EH>?G<D?#?H#def^#=>#?@A#:<D?^# LH=EA^#L=BAH#<>B#B<?<#ZAGA#?G<>DIAGGAB#CD=>[#DA:<G<?A#>A?ZHGFD6#J>#?@=D#C>=?#\HC#@<LA# <;DH#D?CB=AB#<`HC?#JlK#<>B#B=IIAGA>?#<BBGADD#DE@ANAD#HI#emKnJK#:GH?HEH;D#DC=?D6#YHZ# \HC#F>HZ#?@<?#?@A#>CN`AG#HI#JKL1#C>=oCA#<BBGADDAD#=D#>H?#?@<?#;<G[A#=>#GA;<?=H>#?H#?@A# ECGGA>?#G<?A#HI#A9:<>D=H>#HI#?@A#J>?AG>A?6#mH>DAoCA>?;\^#<#>AZ#<BBGADD=>[#D\D?AN#@<D# `AA>#BAL=DAB#Z@=E@#=D#<#:<G?#HI#J>?AG>A?#KGpH5?qH##6EH;#LAGD=H>#M#iJKLMj^#Z@=E@#CDAD#p5qg`=?# <BBGADDAD^#NA<>D#?H?<;#<BBGADDAD#Z=;;#`A#5 6##J>#?@=D#C>=?#\HC#@<LA#<;DH#;A<G>?#<`HC?# B=IIAGA>?#<::GH<E@AD^#Z@=E@#E<>#`A#CDAB#IHG#GA:;<E=>[#IGHN#JKL1#Z=?@#JKLM6#
PQrS TstUu4s.Tv2.TwxWTy-----z3/+1-X8*7-{78|7/44-P-
p67 }<?<[G<N#<;;HZD#IHG#B\><N=E#@<>B;=>[#HI#EH>[AD?=H>#<>B#>H#E<;;#DA?C:#=D# >AEADD<G\6#~=G?C<;#E=GEC=?D#<;;HZ#IHG#DAoCA>E=>[^#AGGHG#<>B#I;HZ#EH>?GH;6## 567 a652#=D#EH>>AE?=H>#HG=A>?AB#<GE@=?AE?CGA#<>B#DC::HG?#DZ=?E@AB#L=G?C<;#E=GEC=?D# il~mj#<>B#:AGN<>A>?#L=G?C<;#E=GEC=?D#iK~mj6#lZ=?E@AB#L=G?C<;#E=GEC=?D#<GA# AD?<`;=D@AB#H>#?@A#>AAB#`<D=D6#l~m#=D#AD?<`;=D@AB#Z@A>#<#E<;;#=D#N<BA#<>B# `GHFA>#BHZ>#<I?AG#?@A#E<;;#=D#EHN:;A?AB6# >#?@A#H?@AG#@<>B^#:AGN<>A>?#L=G?C<;# E=GEC=?D#<GA#<;NHD?#;A<DAB#F=>B#HI#EH>>AE?=H>D^#Z@=E@#:GHL=BA#<#BAB=E<?AB# EH>>AE?=H>#`A?ZAA>#}e8hD6# 67 bH;;HZ=>[#<GA#?@A#B=IIAGA>EAD#`A?ZAA>#a652#<>B#bG<NA#cA;<\ # 7 bG<NA#cA;<\#H:AG<?AD#<#@=[@AG#D:AAB## 7 bG<NA#GA;<\#H:AG<?A#=>#H>;\#:@\D=E<;#<>B#B<?<#;=>F#;<\AG6#iDH#=?#E<>#A<D=;\# `A#CDAB#<D#`<EF`H>A#>A?ZHGF#?H#H?@AG#:GH?HEH;D#@<LA#>A?ZHGF#;<\AG#Z=?@# ;ADD#HLAG@A<BDj# 7 bG<NA#cA;<\#<;;HZD#`CGD?\#B<?<6#J?#NA<>D#=I#<?#DHNA#:H=>?#;<G[A#<NHC>?#HI# B<?<#=D#DA>?#`\#DHNAH>A#?@<>#>A?ZHGF#D@HC;B#<`;A#?H#@<>B;A#=?#:GH:AG;\6# 7 bG<NA#GA;<\#<;;HZ#<#bG<NA#D=_A#HI# #`\?AD^#Z@=E@#E<>#<EEHNNHB<?AD# <;;# dY#bG<NA#D=_AD6# 7 J?#=D#;ADD#A9:A>D=LA#?@<>#a6526# 12#
38*645 45 78956*+,,85 5-,16+955*, 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
=> ?@#ABC#DEEFE#GD@DH@IFJ#B@#GB@B#KIJL#KBMDE#FJKMN# 1N> OPQR#BJG#SPQR#BED#TCDG#IJ#OEBUD#VDKBM#UBIJKM#WFE#HFJXDC@IFJ#HFJ@EFK# YZ43,[Y554152,Z\9:070*,45678+*056,35*0-071*056]^#OPQR#_I@#HBJ#_D#CD@# `abcd#_M#BJM#CeI@HA#FW#@AD#JD@eFEL#@F#IJGIHB@D#@AB@#@EBWWIH#IC#HFJXDC@DG#IJ#@AD# WEBUDC#@EBfDKKIJX#@FeBEGC#@AD#GDC@IJB@IFJ#UBHAIJDN#gAIC#_I@#IJWFEUC#@AD# GDC@IJB@IFJ#@AB@#HFJXDC@IFJ#ABC#FHHTEEDGh#CF#GDC@IJB@IFJ#CAFTKG#IC#EDBGM#WFE# GDKBM#FE#iBHLD@#KFCCN## # jZ43,[j1764152,Z\9:070*,45678+*056,35*0-071*056]^,SPQR#_I@#BKCF#IJGIHB@D# HFJXDC@IFJ#IJ#B#RD@eFELN#SPQR#_I@#HBJ#_D#CD@#`abcd#_M#BJM#CeI@HA#FW#@AD# JD@eFEL#@F#IJGIHB@D#@AB@#@EBWWIH#IC#HFJXDC@DG#IJ#@AD#WEBUDC#@EBfDKKIJX#@FeBEGC#@AD# CFTEHD#UBHAIJDN#gAIC#_I@#IJWFEUC#@AD#CDJGDE#UBHAIJD#@AB@#HFJXDC@IFJ#ABG# FHHTEEDG#IJ#@AD#JD@eFELh#ADJHD#CKFekGFeJ#@AD#iEFHDCCIJX#@F#iEDfDJ@#WTE@ADE# GDKBM#FE#iBHLD@#KFCCN#
l,,,,,4m876,n5/5,o55758++,p,
bN> qIE@TBK#rB@A#?GDJ@IWIDE#`qr?d#IC#BJ#sk_I@#WIDKG#WFE#@AD#tR?#BJG#B#buk_I@#WIDKG#WFE# @AD#RR?N#?@#HFJC@I@T@DC#B#EFT@IJX#WIDKG#WFE#@AD#JD@eFEL#BJG#IC#TCDG#@F#IGDJ@IWM# fIE@TBK#iB@ACN#?J#BJ#IGKD#HDKKh#@AD#qr?#IC#CD@#@F#BKK#vwCN#gFXD@ADE#eI@A#@AD#qIE@TBK# QABJJDK#?GDJ@IWIDEh#@AD#qr?#iEFfIGDC#B#TJIxTD#KFHBK#IGDJ@IWIHB@IFJ#WFE#@AD# @EBJCUICCIFJN# # # qIE@TBK#QABJJDK#?GDJ@IWIDE#`qQ?d#IC#B#b2k_I@#WIDKG#TCDG#@F#IGDJ@IWM#B#fIE@TBK# HABJJDKN#OFE#IGKD#HDKKCh#@AD#qQ?#IC#CD@#@F#BKK#vwCN#?@#WTJH@IFJC#BC#B#CDEfIHD#BHHDCC# iFIJ@#BJG#I@#IC#TCDG#WFE#EFT@IJX#@F#BJG#WEFU#@AD#DJG#TCDEN#8578*m85,40*m,*m8, y05*/1:,o1*m,z286*0-085{,*m8,y4z,955|028+,1,/60}/8,:571:,0286*0-071*056,-55, *m8,*516+.0++056~, # uN> PBHA#KBMDE#FW# g #IC#WTE@ADE#GIfIGDG#IJ@F#@eF#CT_KBMDEC# V#` DXUDJ@B@IFJ# BJG#VDBCCDU_KMd#BJG#Q #`QFJfDEXDJHD# T_KBMDEdN# # 87.86*1*056, , 81++8. :<^, gAIC#IC#@AD#KFeDE#iBE@#FW#@AD# N##gAD# V# CT_KBMDE#_EDBLC#iBHLD@C#Ti#IJ@F#HDKKC#FJ#@AD#@EBJCUICCIFJ#CIGD#BJG#iT@C#@ADU# _BHL#@FXD@ADE#BXBIJ#B@#@AD#GDC@IJB@IFJN##?@#HBJ#BGG#ADBGDEC#BJG#@EBIKDEC#@F#@AD#GB@B# TJI@C#XIfDJ#@F#I@#_M#@AD#Q #@F#WFEU#iBMKFBGCN##?@#IC#_BCIHBKKM#HFJHDEJDG#eI@A# HDKKCN# # # 456|8578678, / :1<85^##gAD#Q #CT_KBMDE#UBLDC#I@#iFCCI_KD#@F#ABfD# g # CMC@DUC#FWWDE#GIWWDEDJ@#LIJG#FW#CDEfIHDC#@F#GIWWDEDJ@#BiiKIHB@IFJCN##gAD#Q #IC# EDCiFJCI_KD#WFE#BHHDi@IJX#_I@#C@EDBUC#FE#BE_I@EBEM#KDJX@A#UDCCBXDC#WEFU#@AD# BiiKIHB@IFJ#BJG#_EDBLIJX#@ADU#IJ@F#TJI@C#FW#11#FE#1s#_M@DC#WFE#@EBJCUICCIFJN#
l,,,,,4m876,n5/5,o55758++, ,
bN> I@A#@AD#BGfBJHDUDJ@#IJ#@AD#@DHAJFKFXIDCh#UF_IKDkABJGADKG#GDfIHDC#BJG#DUDEXIJX# BiiKIHB@IFJCh##I@#IC#xTI@D#DfIGDJ@#@AB@#CFFJ#@AD#?r#BGGEDCCDC#iEFfIGDG#_M#?rf1#BED# JF@#CTWWIHIDJ@N#?J#@AD#EDHDJ@#WT@TED#eD#HBJ#FiDEB@D#BJG#TCD#fBEIFTC#CUBE@#GDIHDC# `KILD#gqh#OEIGXDCh#HBUDEBCh# QCh#iAFJDh#UF_IKDCh#D@HdN#PBHA#FW#CTHA#GDfIHDC#eIKK# EDxTIED#B#TJIxTD#?r#BGGEDCCh#eAIHA#eIKK#IJHEDBCD#@AD#GDUBJG#FW#?r#BGGEDCCDC# D iFJDJ@IBKKMN## # gAD#JTU_DE#FW#?rf1#TJIxTD#BGGEDCCDC#IC#JF@#@AB@#KBEXD#IJ#EDKB@IFJ#@F#@AD#HTEEDJ@# EB@D#FW#D iBJCIFJ#FW#@AD#?J@DEJD@N#QFJCDxTDJ@KMh#B#JDe#BGGEDCCIJX#CMC@DU#ABC# _DDJ#GDfICDG#eAIHA#IC#B#iBE@#FW#?J@DEJD@#rEF@FHFK#fbDusE#C#NIFJ#2#`?rf2dh#eAIHA#TCDC# busk_I@#BGGEDCCDCh#UDBJC#@F@BK#BGGEDCCDC#eIKK#_D#u N#?rf1#TCDC# uk_I@#
12#
566789989:#;85<9#=>=5?#566789989#@A ?#?#B8#CDC#57>E<6#1:CF1:FG2:CFG#E<AHE8# C Q 566789989I#JKLG#M59#5?;>9=#2IFNOP =A;89#;>78#566789989#=M5<#JKL1I#
# # CIR J<#6E5?#JK#9=5ST#A;U?8;8<=5=A><:#@8#@A??#E98#B>=M#JKL1#5<6#JKLG#U7>=>S>?#9=5ST9# =>V8=M87#5=#=M8#J<=87<8=#?5W87I#XE5?#JK#9=5ST#988;9#=>#B8#5#Y5A7#9>?E=A><#Y>7#JKLG# A;U?8;8<=5=A><:#59#A=#5L>A69#;5<W#S>;U?8NA=A89#5<6#>L87M8569I#XE5?Z9=5ST86# M>9=9#7E<<A<V#><#5#6E5?Z9=5ST#<8=@>7T#5??>@#5UU?AS5=A><9#=>#;AV75=8#><8#5=#5#=A;8# Y7>;#JKL1#=>#JKLGI##[UU?AS5=A><9#5<6#68LAS89#\=M5=#578#<>=#EUV75686#5SS>76A<V#=># JKLG#9=5ST]#S5<#S>8NA9=#@A=M#EUV75686#JKLG#5UU?AS5=A><9#><#=M8#95;8#<8=@>7T# 9W9=8;I### # J<#6E5?#9=5ST#@8#@A??#<886#=M8#68LAS89#M5LA<V#S5U5BA?A=W#>Y#M5<6?A<V#B>=M#JKL1# 5<6#JKLG#S5<#E98#5<W#JKL1#>7#JKLG:#68U8<6A<V#><#=M8#78HEA78;8<=I#XE5?#9=5ST# 5UU7>5SM#@A??#B8#S>9=?W#5<6#A<#9>;8#S5989#<8=@>7T#68LAS89#;5W#<>=#9EUU>7=#=MA9# A;U?8;8<=5=A><I##
456789*+6,85-68-./6087127+3,6/+6*7/4-
12#
45 78956*+,,85 5-,16+955*, 38*645 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
=3>8,?,>38@AB=48>A3,8A,C>@D;DEE, 93B,FAG>;D,3D8CA@HE,, E*5/7*/58,,
KLMN OPQRSTUVQWSP#XYZQ[\Z# KLML]N^WR[T#_S\\UPWV`QWSP#XYZQ[\# KLMLaN^WR[b[ZZ#_S\\UPWV`QWSP#XYZQ[\# KL]N cde[VQWf[Z# KLaN ^WR[b[ZZ#_S\\UPWV`QWSP#XYZQ[\Z# KLaL]Nh`iWPi#XYZQ[\# KLaLaN_SRTb[ZZ#j[b[klSP[#XYZQ[\# KLaLKN_[bbUb`R#mSdWb[#XYZQ[\# KLaL1NnbU[QSSQl## KLaLgN^WR[b[ZZ#oSV`b#pR[`#q[QrSRs#t^opqu## KLKN ^WR[b[ZZ#v[P[R`QWSPZ# KLKL]NwWRZQ#v[P[R`QWSP#t]vu#x## KLKLaNX[VSPT#v[P[R`QWSP#tavu#x## KLKLKNyfSbUQWSP#jS#mWT#Sz#X[VSPT#v[P[R`QWSP#taLgvu#x## KLKL1NjlWRT#v[P[R`QWSP#tKvu#x## KL1N OPQRSTUVQWSP#QS#_[bbUb`R#mSdWb[#XYZQ[\Z#x#vXm# KLgN _ST[#|WfWZWSP#mUbQWkb[#pVV[ZZ#t_|mpu# KL{N _[bbUb`R#XYZQ[\#|[ZWiP#wUPT`\[PQ`b# KL{L]NwR[~U[PVY# [UZ[# KL{LaN `PT czz#`PT#XWiP`b#XQR[PiQl# KL{LKNOPQ[Rz[R[PV[# KL{L1N_Sf[R`i[#`PT#_`k`VWQY#O\kRSf[\[PQZ# KL N XU\\`RY# KL2N XUii[ZQ[T# [`TWPi# KL}N XSbUQWSPZ# #pPZr[RZ#
?J >38@AB=48>A3,E E8DFE,
I178,35+J, 12#
gM# g]# g1# g{# g}# {M# {1# {1# {g#
_S\\UPWV`QWSP#XYZQ[\Z#[P`db[Z#QrS#SR#\SR[#k[RZSP#QS#VS\\UPWV`Q[#[`Vl#SQl[R## WRR[Zk[VQWf[#Sz#Ql[WR#i[SiR`klWV#bSV`QWSP#TWZQ`PV[L#jlWZ#WZ#SPbY#d[V`UZ[#Sz# VS\\UPWV`QWSP#Q[VlPSbSiY##rlWVl#kRSfWT[#ZUVl#Z[`\b[ZZ#Z[RfWV[#QS#Ql[WR#VUZQS\[RZL# jl[R[zSR[ #QlWZ#VS\\UPWV`QWSP#Z[RfWV[#l`Z#QR[\[PTSUZbY#iRSrP#`\SPi#k[Skb[#WP#Ql[# k`ZQ#z[r#Y[`RZ#`Z#WQ#l`Z#[bW\WP`Q[T#Ql[#SdZQ`Vb[#V`UZ[T#dY#i[SiR`klWV#TWZQ`PV[# d[Qr[[P#k[Skb[L#qSr#Ql[R[#`R[#\ST[Z#Sz#QlWZ#VS\\UPWV`QWSP#ZYZQ[\#QlRSUil#rlWVl# QlWZ#Z[RfWV[#V`P#d[#kRSfWT[TL#jl[#zWRZQ#SP[#WZ#Ql[#rWR[T#VS\\UPWV`QWSP#ZYZQ[\#`PT#Ql[# SQl[R#SP[#WZ#rWR[b[ZZ#VS\\UPWV`QWSP#ZYZQ[\L#hb[`Z[#PSQ[#Ql`Q#WP#QlWZ#Vl`kQ[R #Ql[#Q[R\Z# rWR[b[ZZ #`PT# V[bbUb`R #`R[#UZ[T#WPQ[RVl`Pi[`dbYL#nSQl#`R[#UZ[T#WP##fW[r#Sz#\SdWbWQYL# mSR[Sf[R #WP#`bb#TW`iR`\Z #`#TSQQ[T#bWP[#R[kR[Z[PQZ#`#rWR[b[ZZ#bWPs#rl[R[`Z#`#ZSbWT#bWP[# R[kR[Z[PQZ#`#rWR[T#VS\\UPWV`QWSP#bWPsL#
?J J C0582,45../6071*056,E<+*8.,
jl[#C0582,45../6071*056,E<+*8.#T[k[PTZ#ZSb[bY#SP#rWR[Z#`Z#[#`bb#Ql[#UZ[RZ#tSR# VS\\UPWV`QSRZu#`R[#VSPP[VQ[T#QS#[`Vl#SQl[R#QlRSUil#rWR[ZL#jl[#QYkWV`b#[ `\kb[### twWiUR[#]u#Sz#ZUVl#rWR[T#VS\\UPWV`QWSP#ZYZQ[\#V`P#d[#`#oSV`b#pR[`#q[QrSRs#topqu# rl[R[#k[Skb[#`R[#VS\\UPWV`QWPi#`PT#bWPs[T#rWQl#[`Vl#SQl[R#QlRSUil#rWR[ZL#^WR[#V`P# d[#`#V`db[#rWR[ #SkQWV`b#rWR[#SR#`PY#SQl[R#QYk[#Sz#rWR[L##
12#
0! 56789*+,7-96.79./-801022. 36*.495-10.60779882
$
9-:+80.;<../-80*.=9>>+6-,37-96.?@270>2.
ABCCBDEFG$HIJ$KLJ$M892.9N./-80*.=9>>+6-,37-96.?@270>OP$ QR SEIJT$KJULFBCBGV$LHW$GBBT$THKH$KIHFWXJI$WYJJTZ$ QR [K$EW$\BIJ$WJU]IJ$HW$UB\YHIJT$KB$DEIJCJWW$KJULFBCBGV$HW$KLJ$THKH$KIHFWXJI$KH^JW$ YCHUJ$EF$DEIJT$\JTE]\Z$ _LJ$,962.9N./-80*.=9>>+6-,37-96.?@270>$HIJOP$ QR _LJ$YBWEKEBF$BX$H$]WJI$`JUB\JW$XEaJT$T]J$KB$HKKHUL\JFK$DEKL$H$DEIJZ$ QR bW$WB\J$DEIJW$HIJ$]FTJIGIB]FTc$EK$EW$TEXXEU]CK$KB$YJIXBI\$KLJEI$\HEFKJFHFUJ$HW$ BFJ$LHdJ$KB$TEG$KLJ$GIB]FT$KB$IJYHEI$EKZ$$
ef;fgh/-801022.=9>>+6-,37-96.?@270>.
[F$/-801022.=9>>+6-,37-96.?@270>c$UB\\]FEUHKEBF$\JTE]\$EW$KLJ$WYHUJ$HFT$FBK$ KLJ$DEIJWZ$iHUL$]WJI$UB\\]FEUHKJW$DEKL$JHUL$BKLJI$KLIB]GL$H$DEIJCJWW$CEF^Z$_LEW$CEF^$ UHF$`J$H$IHTEB$CEF^$DLEUL$KVYEUHCCV$DBI^W$BF$jHTEB$AIJk]JFUV$ljAm$UBFUJYKZ$_LJ$ KVYEUHC$JaH\YCJ$BX$H$DEIJCJWW$UB\\]FEUHKEBF$WVWKJ\$UHF$`J$H$\B`ECJ$WVWKJ\$lAEG]IJ$ nm$CE^J$oCB`HC$pVWKJ\$XBI$qB`ECJ$rB\\]FEUHKEBF$lopqm$sj$rBTJ$tEdEWEBF$q]CKEYCJ$ bUUJWW$lrtqbm$EF$DLEUL$KLJ$UB\\]FEUHKEBF$WEGFHCW$KIHdJC$KLIB]GL$HEI$\JTE]\Z$$
9-:+80.g<../-801022.=9>>+6-,37-96.?@270>..
$
ABCCBDEFG$HIJ$KLJ$M892.9N./-801022.=9>>+6-,37-96.?@270>OP$ QR SEIJCJWW$FJKDBI^$YIBdETJW$\B`ECEKV$KB$EKW$]WJIWZ$ QR uWJIW$HIJ$XIJJ$XIB\$DEIJW$HFT$KLEW$IJT]UJW$KLJEI$JXXBIK$KB$\HFHGJ$HFT$\HEFKHEF$ KLJ\Z$ _LJ$,962.9N./-801022.=9>>+6-,37-96.?@270>$HIJOP$ QR _LJ$KJULFBCBGV$EW$CJWW$WJU]IJ$HW$KLJ$DLBCJ$UB\\]FEUHKEBF$KH^JW$YCHUJ$EF$HF$ BYJF$DEIJCJWW$\JTE]\$$ QR _LJ$THKH$KIHFWXJI$WYJJT$EW$CBD$HW$UB\YHIJT$KB$DEIJT$KJULFBCBGVZ$ QR _LJ$k]HCEKV$BX$FJKDBI^$HFT$WEGFHCW$TJYJFT$BF$KLJ$DJHKLJI$UBFTEKEBF$HW$IHEFV$ WJHWBF$TJdEHKJ$KLJ$WEGFHCW$EF$HEI$DLEUL$TJGIHTJW$KLJ$YJIXBI\HFUJ$BX$H$DEIJCJWW$ FJKDBI^Z$$ $ !
23$
45 78956*+,,85 5-,16+955*, 38*645 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
=528+,5-,>058:8++,45../6071*056,?<+*8.#@A#BCDEE#F@BGDAHI# JIBK@GI#LM#HLAB#LM#N@OIEIBB#AIGNLOPQ#GR@B#GIHRALELST#UBDSI#@B#@AHOIDB@AS#FDT#VT#FDT# DAF#OIDHR@AS#GL#IWIOT#KILKEI#FUI#GL#@GB#DFWDAGDSI#LM#SIGG@AS#KILKEI#MOII#MLOC#N@OIB# DAF#KOLW@F@AS#GRIC#CLV@E@GTX#YRIOIMLOIQ#LUO#MLHUB#NI#N@EE#VI#LA#Z@OIEIBB# YIHRALELSTX#[LNQ#NI#N@EE#F@BHUBB#GRI#GNL#CLFIB#@A#NR@HR#D#N@OIEIBB#GIHRALELST# NLOPBX## \] 9778++,^506*,_9^`,>058:8++,45../6071*056,?<+*8.#ab# YRI#M@OBG#CLFI#@B#HDEEIF#9778++,^506*,_9^`,>058:8++,45../6071*056,?<+*8.c# dA#GR@B#eHHIBB#fL@AG#gefh#N@OIEIBB#HLCCUA@HDG@LA#BTBGIC#gi@SUOI#jhQ#GRI#FDGD# GODABMIO#GDPIB#KEDHI#MOLC#BLUOHI#gkBIO#lh#GL#FIBG@ADG@LA#gkBIO#mh#GROLUSR#DA# eHHIBB#fL@AGX#YR@B#DHHIBB#KL@AG#HDA#VI#D##CLFIC#LO#D#BN@GHR#IGHX#YR@B#DHHIBB# KL@AG#FIH@FIB#GRI#KDGR#MLO#FDGD#GODABMIO#GL#MLEELNQ#FDGD#GODABMIO#BKIIFQ#HDEHUEDGIB# GRI#BRLOGIBG#KDGR#IGH#MOLC#BLUOHI#gkBIO#lh#GL#FIBG@ADG@LA#gkBIO#mhX#[L#GNL#UBIOB# LO#CLOI#UBIOB#HDA#HLCCUA@HDGI#F@OIHGET#LO#N@GRLUG#DA#DHHIBB#KL@AG#@A#GR@B#CLFIX# YRI#InDCKEI#LM#eHHIBB#fL@AG#gefh#N@OIEIBB#GIHRALELST#@B#D#N@OIEIBB#oe[# AIGNLOP#NRIOI#O#D#CLFIC#FIH@FIB#GRI#KDGR#DAF#GODABMIOB#GRI#FDGD#MLOC#kBIO#l#GL# kBIO#mX#
p07/58,qa,,9778++,^506*,_9^`,>58:8++,45../6071*056,?<+*8.,
#
\] 92br57,4058:8++,45../6071*056,?<+*8.,ab, YRI#BIHLAF#CLFI#@B#eFsRLH#N@OIEIBB#HLCCUA@HDG@LA#BTBGIC#CLFIX#dA#GR@B#CLFI# gi@SUOI#thQ#GRI#FDGD#GODABMIO#GDPIB#KEDHI#F@OIHGET#MOLC#BLUOHI#gkBIO#lh#GL# FIBG@ADG@LA#gkBIO#mhX#YRIOI#@B#AL#AIIF#LM#DHHIBB#KL@AG#@A#GR@B#GTKI#LM#CLFIX# uWIOT#UBIO#@A#GR@B#AIGNLOP#CLFI#HLCCUA@HDGIB#F@OIHGET#N@GR#IDHR#LGRIOX#vUHR# GTKIB#LM#AIGNLOP#DOI#GICKLODOT#DAF#@GB#IBGDVE@BRCIAG#@B#WIOT#wU@HP#DB#HLCKDOIF# GL#DHHIBB#KL@AG#CLFIX#YRIBI#AIGNLOPB#DOI#BUHHIBBMUE#NRIOI#GRIOI#@B#D# OIwU@OICIAG#LM#GICKLODOT#AIGNLOP#LAET#MLO#MIN#FDTBX##
p07/58,xa,,92br57,>058:8++,45../6071*056,?<+*8.,
qcyz {|}~48 ~?,
eMGIO#SL@AS#GROLUSR#GR@B#UA@G#TLU#N@EE#VI#DVEI#GL # \] FIM@AI#GRI#N@OIF#DAF#N@OIEIBB#HLCCUA@HDG@LA#BTBGICB # \] F@BHUBB#GRI#WDO@LUB#N@OIEIBB#HLCCUA@HDG@LA#BTBGICB # 12#
#
0!
9: 9: 9: 9:
56789*+,7-96.79./-801022. 36*.495-10.60779882
;<=>?<$@A<$B>C<D<EE$F<?<CG@>H?EI$$ ;<=>?<$@A<$JDHKGD$LME@<N$OHK>D<$PJLOQI$$ ;<=>?<$RH;<$S>T>E>H?$OUD@>VD<$WXX<EE$PRSOWQI$G?;$ ;<=>?<$X<DDUDGC$EME@<N$;<E>F?$=U?;GN<?@GDY$
Z[\] /5^_`_aa.bc44d65bef5c6.agaf_4a.
hA<$@<XA?HDHFM$AGE$FCHB?$@C<N<?;HUEDM$G?;$@A<$XH?E<iU<?X<$H=$BA>XA$>E$NH;<C?$ B>C<D<EE$XHNNU?>XG@>H?$@AG@$AGE$A<DV<;$>?$<CG;>XG@>?F$@A<$;>EG;TG?@GF<E$H=$@A<$@MV>XGD$ B>C<D<EE$XHNNU?>XG@>H?$EME@<NE$EUXA$GE$VGF>?F$EME@<N$G?;$XHC;D<EE$@<D<VAH?<$ EME@<NY$hA<$<jGNVD<E$H=$NH;<C?$B>C<D<EE$XHNNU?>XG@>H?$EME@<NE$GC<$R<DDUDGC$ OHK>D<$LME@<Nk$lDU<@HH@Ak$G?;$m>C<D<EE$nHXGD$WC<G$o<@BHCp$PmnWoQY$l<DHB$F>T<?$ GC<$@A<$=<B$<jGNVD<E$H=$m>C<D<EE$RHNNU?>XG@>H?$LME@<NE$BA>XA$B<$B>DD$;>EXUEE$>?$ KC><=qr$
Z[\[s]t3u-6u.av270w.
xGF>?F$EME@<NE$GC<$@A<$EME@<NE$BA>XA$KCHG;XGE@E$@A<$N<EEGF<E$@H$>@E$UE<C$=HC$ V<C=HCN>?F$G?M$GX@>H?Y$LUXA$N<EEGF<$XG?$K<$G$E<CT>X<$N<EEGF<$>?$BA>XA$G$UE<C$XG?$ EUKEXC>K<$@H$G$N>EE<;$XGDD$GD<C@$E<CT>X<k$XGDD<C$@U?<$E<CT>X<k$>?@<C?<@$E<CT>X<$HC$G?M$ H@A<C$EUXA$E<CT>X<Y$hA>E$N<EEGF<$>E$KCHG;XGE@$@H$@A<$UE<CE$>?$G$E<CT>X<$GC<G$UE>?F$EGN<$ KGE<$E@G@>H?EY$RHT<CGF<$H=$G$VGF>?F$EME@<N$XG?$K<$H=$G$CG?F<$H=$y$@H$2$pN$HC$>@$XG?$ XHT<C$G$B>;<$GC<G$UE>?F$B>;<$GC<G$VGF>?F$EME@<NEY$
Z[\[\]b98*1022.f010z{960.av270w.
RHC;D<EE$h<D<VAH?<$EME@<N$XH?E>E@E$H=$G$DG?;D>?<$@<D<VAH?<$BA>XA$>E$G$=>j<;$VHC@$$ P|>FUC<$2QY$hA>E$DG?;D>?<$>E$XH??<X@<;$@H$@A<$@<D<VAH?<$<jXAG?F<$XGDD<;$xUKD>X$ LB>@XA<;$h<D<VAH?<$o<@BHCp$PxLhoQY$hA<$DG?;D>?<$@<D<VAH?<$AGE$G$B>C<D<EE$PHC$ XHC;D<EEQ$AG?;E<@$BA>XA$>E$XH??<X@<;$@H$@A<$DG?;D>?<$@<D<VAH?<$@ACHUFA$G$CG;>H$D>?pY$ hA<C<=HC<k$@ACHUFA$@A>E$XHC;D<EE$EME@<Nk$@A<$UE<C$AGE$@A<$=C<<;HN$@H$NHT<$BA>D<$H?$G$ XGDDY$lU@$@A>E$AGE$G$CG?F<$HC$;>E@G?X<$D>N>@G@>H?$BA>XA$>E$GCHU?;$=<B$@<?E$H=$N<@<CE$ H?DMY$
}-u+80.~ ..b98*1022.f010z{960.av270w.
$
Z[\[Z]b011+138.495-10.av270w.
R<DDUDGC$OHK>D<$LME@<NE$<CG;>XG@<E$@A<$;>E@G?X<$D>N>@G@>H?$>NVHE<;$KM$G$XHC;D<EE$ @<D<VAH?<$EME@<NY$ ?$@A>E$NHK>D<$EME@<N$P|>FUC<$ Qk$G$UE<C$XG?$<GE>DM$NHT<$=CHN$H?<$ VDGX<$@H$G?H@A<C$BA>D<$H?$G$XGDD$B>@AHU@$F<@@>?F$;>EXH??<X@<;$=CHN$XGDDY$hA<$UE<C$>E$ XH?E@G?@DM$XH??<X@<;$@H$@A<$XGDD<;$UE<C$@ACHUFA$CG;>H$D>?pEY$WE$@A<$UE<C$VGEE<E$=CHN$ H?<$GC<G$PHC$X<DDQ$@H$G?H@A<C$GC<G$PHC$G?H@A<C$X<DDQk$@A<$lGE<$L@G@>H?$RH?@CHDD<C$PlLRQ$ H=$H?<$X<DD$>?=HCNE$lGE<$L@G@>H?$RH?@CHDD<C$PlLRQ$H=$H@A<C$X<DD$GKHU@$@A<$XGDD$@CG?E=<CY$ T<CM$X<DD$AGE$G@$D<GE@$H?<$lLRY$|UC@A<C$GDD$@A<E<$lLR$GC<$XH??<X@<;$@H$OHK>D<$ LB>@XA>?F$R<?@<C$POLRQY$W?;$=>?GDDM$GDD$OLR$GC<$XH??<X@<;$@H$xLhoY$$. !
23$
45 78956*+,,85 5-,16+955*, 38*645 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
CDEDFGH:/8*55*I,,
=07/58,>?,,48::/:15,@5A0:8,B<+*8.,
,
JK#LMKNOKKPL#QRSTPU#VWOPXSSXY#ZS[\K#S]#QL^YSN#_SLP#M]#ZYMNY#XYP#]PXZS[\#MK#`S[_PL# aOMN\Wb#Q]L#MK#S`#XP_cS[Q[b#RQKMKd#VWOPXSSXY#XPNY]SWSeb#MK#N[PQXPL#Rb#Q#XPWPNS_# NS_cQ]b#NQWWPL#f[MNKKS]#M]#ghhid#jX#ZQK#LPTPWScPL#M]#S[LP[#XS#NS]]PNX#XZS#LPTMNPK# ZMXYSOX#ZM[PKd#kYP#[Q]eP#M]#ZYMNY#VWOPXSSXY#XPNY]SWSeb#ZS[\K#MK#S`#gl#_PXP[K#mS[#nl# `PPX#Qcc[Sop#S]Wbd#kYP#]Q_P#qVWOPXSSXYr#MK#Q`XP[#XP]XY^NP]XO[b#\M]e#sQ[QWL#j#S`# tP]_Q[\#Q]L#cQ[XK#S`#uS[ZQb#ZYS#O]MXPL#tQ]MKY#X[MRPK#M]XS#Q#KM]eWP#\M]eLS_d#kYP# M_cWMNQXMS]#MK#XYQX#VWOPXSSXY#LSPK#XYP#KQ_P#ZMXY#NS__O]MNQXMS]K#c[SXSNSWKU#O]MXM]e# XYP_#M]XS#S]P#O]MTP[KQW#KXQ]LQ[Ld# # VWOPXSSXY#ZS[\K#S]#2di#vsw#jxy#RQ]L#mj]LOKX[MQWU#xNMP]XM`MN#Q]L#yPLMNQW#RQ]Lp# ZYMNY#LMTMLPK#XYP#LQXQ#M]XS#cQ[XK#Q]L#KP]LK#MX#S]#Oc#XS#zh#RQ]LKd#jX#OKPK#{[PaOP]Nb# sSccM]e#xc[PQL#xcPNX[O_#m{sxxp#ZMXY#kM_P#tMTMKMS]#tOcWPoM]e#mkttp#XPNY]MaOP#QX# XYP#[QXP#S`#g|ll#YScK}KPNd#yS[PSTP[U#XYP#_SLOWQXMS]#XPNY]MaOP#P_cWSbPL#MK#vOQKKMQ]# {[PaOP]Nb#xYM`X#~PbM]e#mv{x~p#ZYMNY#ZQK#XYP#S]Wb#QTQMWQRWP#_SLOWQXMS]#XPNY]MaOP# QX#XYP#XM_P#S`#VWOPXSSXYd#tQXQ#[QXP#MK#Q[SO]L#g2 #yRcK#myPeQ#VMXK#cP[#xPNS]Lp#Q]L# NQ]#KOccS[X#Oc#XS# #LPTMNPK#KM_OWXQ]PSOKWb#M]#yQKXP[^xWQTP#_SLPd#VWOPXSSXY#YQK# TP[KMS]K#KXQ[XPL#`[S_#TP[KMS]#gdl#XS#TP[KMS]#idld##
CDED G 058:8++,;571:,9581,38*4556, ;93 ,,
Ju#MK#Q#WSNQW#Q[PQ#]PXZS[\#ROX#XYP#P]L#cSM]X#QX#ZYMNY#XYP#OKP[#ePXK#XYP#KP[TMNP#MK#Q# ZM[PWPKK#P]Ld#JK#bSO#NQ]#KPP#M]#RPWSZ#{MeO[P#zU#XYP#OKP[#MK#NS]]PNXPL#XS#JNNPKK# SM]X# XY[SOeY#Q#ZM[PWPKK#WM]\d#kYP##JNNPKK#cSM]X#MK#`O[XYP[#NS]]PNXPL#XS#Q# Ju#WM]P#ZYMNY#MK# ZM[PLd#kYP[P`S[PU#M]# JuU#S]Wb#XYP#WQKX#P]L#MK#ZM[PWPKK#Q]L#[PKX#MK#ZM[PL#]PXZS[\d##
=07/58, ?,, 058:8++,;571:,9581,38*4556,,
J u#XPNY]SWSeb#ZS[\K#S]#jfff# l2dgg#KXQ]LQ[Ld# S_cS]P]XK#S`# l2dgg#Q[P#VQKMN# xP[TMNP#xPX#mVxxpU#foXP]LPL#xP[TMNP#xPX#mfxxpU#JNNPKK# SM]X#mJ p#Q]L#tMKX[MROXMS]# xbKXP_K#mtxpd# P#ZMWW#]SZ#LMKNOKK#XYPKP#NS_cS]P]XK#M]#R[MP`d# VQKMN#xP[TMNP#xPX#mVxxp# #Vxx#NS]XQM]K#S]P#S[#_S[P#_SRMWP#OKP[#m{MeO[P# # #hpd#Vxx# NQ]#ZS[\#M]#XZS#_SLPKd# ]P#MK#M]LPcP]LP]X#_SLP#M]#ZYMNY#QWW#OKP[K#Q[P#NS]]PNXPL#XS# PQNY#SXYP[#LM[PNXWbd#kYP#SXYP[#_SLP#MK#M]`[QKX[ONXO[P#_SLP#M]#ZYMNY#QWW#OKP[K# NS__O]MNQXP#XY[SOeY#Q]#JNNPKK# SM]X#mJ pd# # JNNPKK# SM]X# #J]#J #NQ]#RP#Q#_SLP_U#[SOXP[#S[#Q#KZMXNY#XY[SOeY#ZYMNY#OKP[K# NS__O]MNQXP#ZMXY#PQNY#SXYP[d# YP]#Q#]PXZS[\#P_cWSbK#XYMK#NS_cS]P]XU#XYQX#]PXZS[\# MK#NQWWPL#M]`[QKX[ONXO[P#_SLPd#JWW#XYP#LQXQ#cQKKPK#XY[SOeY#XYMK#J d# 12#
#
0! 56789*+,7-96.79./-801022. 36*.495-10.60779882
9-:+80.;<..=>>./-7?9+7.@,022.A9-67.B@AC............9-:+80.D<..=>>./-7?.@,022.A9-67B@AC.
$
EFGHIJHJ$KHLMNOH$KHG$PEKKQ$R$STT$UHVWLWGH$XKK$PHNGYHL$NI$NIJHVHIJHIG$Z[JH$[L$NI$ NI\LWUGL]OG]LH$Z[JHQ$^YHI$O[IIHOGHJ$G[$HWOY$[GYHL$NU$OWTTHJ$WI$EFGHIJHJ$KHLMNOH$KHG$ P_N`]LH$abQc$ dNUGLNe]GN[I$KfUGHZ$PdKQ$g$dNUGLNe]GN[I$UfUGHZ$O[IIHOGU$Sh$[\$JN\\HLHIG$EKKc$iYNU$ NIOLHWUHU$IHG^[Lj$O[MHLW`H$WU$WTT$GYH$]UHLU$[\$JN\\HLHIG$XKK$^NTT$eH$O[IIHOGHJ$^NGY$ HWOY$[GYHL$GYL[]`Y$dK$P_N`]LH$abQc$STT$GYH$TNIjU$O[IIHOGNI`$ShU$G[$dK$OWI$eH$ ^NLHTHUU$[L$^NLHJc$
$
9-:+80.kl<..mn706*0*.>08o-,0.>07.Bm>>C.36*.p-278-5+7-96.>q270r2Bp>C.
s.....t?0,8.u9+8.A89:8022.k.
acv >7370.w8+0.98.93120$ WQv xNLHJ$O[ZZ]INOWGN[I$UfUGHZU$WLH$THUU$UHO]LH$GYWI$^NLHTHUU$ O[ZZ]INOWGN[I$UfUGHZc$$$$$$$$$$$$$$ eQv xNLHTHUU$O[ZZ]INOWGN[I$UfUGHZU$WLH$HWUf$G[$UHG$]Vc$$$$$$$$$ $ OQv dWGW$GLWIU\HL$UVHHJ$NU$THUU$NI$^NLHTHUU$O[ZZ]INOWGN[I$UfUGHZc$$$$ JQv SJRY[O$^NLHTHUU$O[ZZ]INOWGN[I$UfUGHZ$]UHU$WI$WOOHUU$V[NIG$\[L$]UHLU$$ G[$`HG$O[IIHOGHJ$G[$HWOY$[GYHLc$ HQv yI$xNLHTHUU$z[OWT$SLHW${HG^[Lj$PxzS{Q|$HWOY$V[NIG$NU$W$^NLHTHUU$V[NIGc$ \Qv XWUNO$KHLMNOH$KHG$PXKKQ$VL[MNJHU$GYH$WeNTNGf$\[L$WTT$SOOHUU$h[NIG$PShUQ$G[$ `HG$O[IIHOGHJ$G[$HWOY$[GYHLc$ }cv dNUO]UU$We[]G$XT]HG[[GY$iHOYI[T[`f~$ c$ c$ c$ c$ $ $ !
! ! ! ! ! !
23$
45 78956*+,,85 5-,16+955*, 38*645 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
=>? @ABCDEF#GHI#JHKLCMNN#OMCMBGHFM#PQNRMS#IHKTNU# VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV> VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV># VVVVVVVVVVVVVVVVVVVVVVVVVVVVVVVV>#
WXWY Z[\];]^^,_]3]\98[`3^,
JMCCaCDK#bHcECM#PQNRMS#GDN#dHSM#D#CHFe#IDQ#DN#DR#BKMNMFR#NdMFDKEHf#MgMKQ#BMKNHF# dDKKEMN#D#dMCCaCDK#BGHFM#EF#GENhGMK#GDFL>#OGEN#RKMSMFLHaN#eKHIRG#GDN#MNRDcCENGML#RGM# eKHIRG#Hi#dMCCaCDK#RMdGFHCHeQ>#jKHS#D#dHKLCMNN#BGHFM#IGEdG#eDgM#SHcECERQ#RH#aNMKN# caR#HFCQ#Hi#NGHKR#LENRDFdM#EF#SMRMKN#RH#D#cDNEd#BGHFM#IGEdG#GDN#HgMKdHSM#RGM# LENDLgDFRDeM#Hi#NGHKR#KDFeM#dHKLCMNN#BGHFM>#kFL#FHI#RHLDQf#D#cDNEd#dMCCaCDK#BGHFM#EN# dHFgMKRML#RH#D#NSDKR#SaCRESMLED#dMCCaCDK#BGHFM#IGEdG#EN#aNML#FHR#HFCQ#iHK#SDTEFe# dDCCN#caR#EN#aNML#RH#dCEdT#BEdRaKMNf#CENRMF#NHFeNf#KMdHKL#gHEdMf#dGMdTEFe#SDECN#MRd>#lF#RGEN# NMdREHFf#IM#IECC#LKDI#QHaK#DRRMFREHF#RHIDKLN#RGM#MSMKeEFe#eMFMKDREHFN#Hi#D#IEKMCMNN# dMCCaCDK#BGHFM># # mMiHKM#NRDKREFe#IERG#eMFMKDREHFNf#IM#IECC#LENdaNN#RGM#RIH#dGDFFMC#DddMNN#RMdGFHCHeEMN# n#OESM#oEgENEHF#baCREBCM#kddMNN#pOobkq#DFL#jKMraMFdQ#oEgENEHF#baCREBCM#kddMNN# pjobkq#IGEdG#DKM#aNML#EF#RGMNM#eMFMKDREHFN># # stuvwuxyz{|}~} } x{ w } u{ yyu { s| {DCCHdDRMN#EFLEgELaDC#iKMraMFdQ#dGDFFMC# RH#DF#EFLEgELaDC#aNMK#DR#D#RESM>#@DdG#aNMK#eMRN#D#iKMraMFdQ#dGDFFMC#IGMFMgMK#RGM#aNMK# LMSDFLN#iHK#ER>#kFQ#HRGMK#aNMK#dDFFHR#aNM#RGM#NDSM#iKMraMFdQ#dGDFFMC#aFREC#RGM# DNNEeFML#dGDFFMC#EN#eEgMF#cDdT#cQ#RGM#aNMK#RH#RGM#BHHC#Hi#iKMMCQ#DgDECDcCM#iKMraMFdQ# dGDFFMC>### } u{|}~} } x{ w } u{ yyu { | {LEgELMN#DF#EFLEgELaDC#iKMraMFdQ#dGDFFMC#EFRH# FaScMK#Hi#RESM#NCHRN>#OGMNM#RESM#NCHRN#DKM#RGMF#DCCHdDRML#RH#aNMKN#HF#LMSDFL># FCETM# jobkf#HFM#HK#SHKM#aNMK#dDF#NGDKM#RGM#NDSM#iKMraMFdQ#dGDFFMC>#@DdG#NCHR#EN#aNML# MERGMK#iHK#RKDFNSERREFe#HK#KMdMEgEFe#NEeFDCN>#OGMKMiHKMf#RGM#LDRD#RKDFNSENNEHF#EN#FHFn dHFREFaHaN#EF#FDRaKM#IGEdG#SDTMN#RGM#GDFLnHii#NESBCMK>#JHFNMdaREgM#NCHRN#DKM#aNML#RH# RKDFNSER#RGM#LDRD>{
WXWX Y 05+*,_86851*056, _ , ,,
jEKNR# MFMKDREHF#DCNH#dDCCML# #EN#cDNML#HF#DFDCHe#jKMraMFdQ#bHLaCDREHF#pjbq#DFL# jKMraMFdQ#oEgENEHF#baCREBCM#kddMNN#pjobkq># #aNMN#dEKdaER#NIERdGML#RMdGFHCHeQ# DFL#dDSM#EF# >#kddHKLEFe#RH#RGEN#eMFMKDREHFf#MDdG#aNMK#GDN#DCCHdDRML#IERG#D# LMLEdDRML#iKMraMFdQ#dGDFFMC>#bHKMHgMKf#RGEN#eMFMKDREHF#SDLM#NHCMCQ#RH#BKHgELM#gHEdM# NMKgEdMN#RH#ERN#aNMKN>#lR#IDN#FHR#EFRMFLML#iHK#DFQ#LDRD#NMKgEdMN>#OGMNM#CDdTML#iMDRaKMN#EF# #IMKM#RGM#cEeeMNR#KMDNHF#cMGEFL#RGM#KENM#Hi#PMdHFL# MFMKDREHF#p q>#
WXWX Y^87562,_86851*056, _ , ,,
PMdHFL# MFMKDREHF#BKHgELMN#RGM#gHEdM#DN#IMCC#DN#LDRD#NMKgEdMN#RH#ERN#aNMKN># FCETM# f# FH#aNMK#GDN#DCCHdDRML#LMLEdDRML#iKMraMFdQ#dGDFFMC># #aNMN#LEeERDC#SHLaCDREHF# RMdGFEraM#DFL#SaCREBCM#DddMNN#RMdGFEraMN#CETM#OESM#oEgENEHF#baCREBCM#kddMNN# pOobkq#DFL#JHLM#oEgENEHF#baCREBCM#kddMNN#pJobkq># #dDSM#EF# #DFL#aNMN# dEKdaER#NIERdGML#RMdGFHCHeQ>#@gMKQ#aNMK#EF# #aNMN#D#RESMnNGDKEFe#iKMraMFdQ#dGDFFMC># lF#RGEN#eMFMKDREHFf#RGMKM#DKM#=#Oobk#NRDFLDKLN#IGEdG#DKM# # CHcDC#PQNRMS#bHcECM# p Pbqf#lFRMKES#PRDFLDKL# = #plP# = q#DFL# DdEiEd#oEeERDC#JMCCaCDK#p oJq#DFL#HFM# Jobk#NRDFLDKL#dDCCML# #Jobk#HK#lFRMKES#PRDFLDKL# 1#plP# 1q#Jobk># ? { z u { } u{ # #jHK#MgMKQ# # ¡#KDLEH#dGDFFMCf#RGMKM#DKM# # RESMN#NCHRRML#aNMKN># #Oobk#NRDFLDKL# Pb#EN#aNML#EF#dHaFRKEMN#CETM#@aKHBMf# kaNRKDCEDf#kNED#DFL#PHaRG#kSMKEdD>#lR#EN#DCNH#aNML#EF#lFLED# 12#
0! +6,85-68-.,7/0/1189 :;<=>?@AB<C;DC>DAEFGAH:BAEFGI#J#KLM#NONMP#QR#STU#MVWXL#YZV[[N\]#^ZNMN#VMN#Q# 456275899*-38 4,0/-5/668771 ^X_N`#`\L^^NW#a`NM`b#cd#efgh#`^V[WVMW#ij#kQl#X`#a`NW#X[#YLa[^MXN`#\XmN# ha`^MV\XV]#nLM^Z#h_NMXYV#V[W#jLa^Z#h_NMXYVb#ij#kQl#X`#V\`L#m[Lo[#V`#pj# fXqX^V\#rN\\a\VM#spjfrt#LM#nLM^Z#h_NMXYV[#fXqX^V\#rN\\a\VM#snhfrtb## 89 uCv?w?vAx?y?<CzA{=zz|zC>AHux{I#}#eZX`#X`#V#~V V[N`N#`^V[WVMW#V[W#X`#ONMP#`X_X\VM# ^L#ij#kQl#oX^Z#VMLa[W#2R#_X\\XL[#a`NM`# 89 #{x A >A:;<=>?@AB<C;DC>DA AH:BA IA{x #}#KLM#NONMP#kbc2#gTU# YZV[[N\]#^ZNMN#VMN#a #^L#l #a`NM`#oZXYZ#VMN#LM^ZLqL[V\\P#YLWNWb#eZX`#`^V[WVMW#X`# V\`L#m[Lo[#V`#rfgh [N#V[W#X`#a`NW#X[#ha`^MV\XV]#SLMNV#nLM^Z#h_NMXYV]# ~V V[]#rZX[V#V[W#jLa^Z#h_NMXYVb##-
80*6,85-68-3,9-8 - /+859- /5/726,85- - --
h ^NM#^ZN#`NYL[W#qN[NMV^XL[#YL_N`#cb2d#V[W#X[^MLWaYNW#X[#^ZN#PNVM#cRRRb#cb2d#X`# X[^N[WNW# LM# V`^NM#WV^V#MV^N`#oZXYZ#VMN#MN aXMNW# LM#`a LM^X[q#_LWNM[#X[^NM[N^# V \XYV^XL[`b# X`^X[q#cd#N aX _N[^#X`#_LWX XNW#s L^Z#ZVMWoVMN#V[W#`L ^oVMNt#^L# `a LM^#cb2d#`NMOXYN`# LM#N[ZV[YNW#WV^V#MV^N`b# [ZV[YNW#MV^V#MV^N`#VMN# MLOXWNW# LM# `NMOXYN`#`aYZ#V`#oN # MLo`X[q]#_L X\N#YL__NMYN]#NJ_VX\#`NMOXYN`#V[W#\LYV^XL[# V`NW# _L X\N#`NMOXYN`b#cb2d#V\`L#`a LM^`#oN # MLo`X[q#^NYZ[L\LqP#\XmN# XMN\N``# h \XYV^XL[# ML^LYL\#s h tb# cb2# MLOXWN`#^ZMNN#efgh#a qMVWN`#oZXYZ#VMN#V`# L\\Lo`J## 89 ?y AB ==DA{?>v|?<AB ?<v =DAxC<CAH B{BxIA¡Ah`#^ZN#[V_N#`aqqN`^`]#^ZX`# efgh#a qMVWN#X`#V#YXMYaX^#`oX^YZNW#^NYZ[L\LqP#V[W# MLOXWN`#ZXqZNM#WV^V#` NNW# MV^N`#V`#YL_ VMNW#^L#cdb#eZX`#^NYZ[L\LqP#a qMVWN#X`#^ZN# XM`^#V^^N_ ^#^L# MLOXWN# N^^NM#WV^V#MV^N`# LM#djgb#¢V^ZNM#^ZV[#V\\LYV^X[q#V#`X[q\N#^X_N#`\L^#^L#V#`X[q\N# a`NM]#^ZN#ZXqZNM#WV^V#MV^N`#VMN# MLOXWNW#^L#a`NM`# P# MLOXWX[q#YL[`NYa^XON#^X_N# `\L^`b#eZX`#^NYZ[L\LqP#V\`L#^VmN`#YVMN#L #NMMLM#YL[^ML\#YLWX[q#V\qLMX^Z_b## 89 =;=>CzA Cv£=<A¤CD? AB=>¥?v=AH u¤BIA¡Ap[\XmN#Tjrjf]#^ZX`#efgh#a qMVWN#X`# V# VYmN^# V`NW#^NYZ[L\LqPb#d ¢j#`a LM^`#_LMN#a`NM`#V`#YL_ VMNW#^L#Tjrjfb# i^#a`N`#cd#efgh#_LWa\V^XL[# LM_V^# a^#MNWN X[N`#VXM#X[^NM VYN# LM# N^^NM# VYmN^#WV^V#VYYN``b#i^#X`#_LMN#`aX^V \N# LM#[L[#MNV\#^X_N#V \XYV^XL[`#\XmN# MN^MXNOV\#L #N_VX\]# V N`#V[W#V`P__N^MXY#oN # MLo`X[qb#i[`^V\\V^XL[#L #X[^NM[N^# qV^NoVP#V[W#[No#MLa^NM`#V^# V`N#`^V^XL[#X`#_V[WV^LMP# LM#a`X[q#^ZX`#^NYZ[L\LqPb#A 89 ¦; C;v=DAxC<CA>C<=§Aw >A B A¦¥ z|<? ;AH¦x ¦IA¡A fd # MLOXWN`# N^^NM#WV^V# MV^N`#^ZV[#d ¢j# P#a`X[q#[No#WXqX^V\#_LWa\V^XL[#^NYZ[X aN#YV\\NW#¨J jS# s ZV`N#jZX ^#SNPX[qtbeZX`#X`#X_ \N_N[^NW# P#a qMVWX[q#ZVMWoVMN#V[W#`L ^oVMN# V^# V`N#`^V^XL[b#eZX`#^NYZ[L\LqP#X`#V\`L#YV\\NW#V`# [ZV[YNW#d ¢jb#nX[N# WX NMN[^#VXM#X[^NM VYN# LM_V^`#VMN#WN X[NW# P# fd #m[Lo[#V`#ga\^X \N# _LWa\V^XL[#V[W#rLWX[q#jYZN_N`#sgrjt#oX^Z#NMMLM#YL[^ML\# ML^NY^XL[b#
© ª«,79- /5/726,85- - --
Qd#X`#WN`Xq[NW#^L# MLOXWN#ZXqZNM#WV^V#MV^N`#oX^Z#_aYZ#VOVX\V \N#oXWNM# V[WoXW^Zb#i^# a`N`# VYmN^#`oX^YZNW#^NYZ[L\LqP#V[W#a`NM`#a`N`#`_V\\NM# V[WoXW^Zb#eZX`#qN[NMV^XL[# V\\Lo`#^ZN#XWN[^X XYV^XL[#L #a`NM¬`#\LYV^XL[b#eZN#Qd#^NYZ[L\LqP# MLOXWN`#^ZN#`NMOXYN`# \XmN#^MV[` VMN[^#MLV_X[q]#YL__a[XYV^XL[#a`X[q#LXYN# ONM#i[^NM[N^# ML^LYL\#s i t]# MNYNXON`#\XON#_a`XY]#X[^NMVY^XON#\XON#oN #`N``XL[`]# N^^NM#[N^oLMm#YV VYX^P]#_a\^X# _NqVJ X^#X[^NM[N^#VYYN``]#MNVWX\P#VOVX\V \N#X[^NM[N^#VYYN``#V[W#`X_a\^V[NLa`#N YZV[qN# L #OLXYN#V[W#WV^V# VYmN^`#a`X[q#V#`X[q\N#YN\\a\VM#_L X\Nb# # eZN#V LON#WX`Ya``NW# XMN\N``#qN[NMV^XL[`#VMN#YL_ VMNW# N\Lo#X[#^ZN# LM_#L #V# YL_ VMX`L[#eV \N#kb# ª240/-®¯-°8±²27,185-4/66//5-.,7/0/11- /5/726,851- -® ³- ³- -259- !
22#
45 78956*+,,85 5-,16+955*, 38*645 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
# =>, C6*552/782,06, DEFG# <815# 45../6071*056,QRMSTRK# UVRKSWLX# O8*P52, \`Za# O52/:1*056, I^ b M L 887P60_/8, eZcXTTL`\^KSRZd^### h85i078+,
?>, DEEG# QRMSTRK# UVRKSWLX# fRaRK\`# eZXT`\KRZ^#
KW#jZRSL# jZRSL#kLMlRSL# YZ \ ^ X #f\K\# Z^`d# kLMlRSLk#
fLXRS\KLX# fd^\mRS# 4P1668:, MLcTL^Sd# QW\^^L`# 9++076.86*, bQW \^^L`# IkkRa^mL^K# o#pfeI# UK\^X\MXk#q# es#[fQs# n# rU h*162152+, tU#Do2#\^X#D# QfeI# UK\^X\MX#
?@A>, HGGG# YZKW#[\S]LK# \^X#QRMSTRK# UVRKSWLX# fRaRK\`# eZXT`\KRZ^# \^X#UWRJK# gLdR^a# YZKW#jZRSL# \^X#f\K\# kLMlRSLk#VRKW# J\kKLM#X\K\# M\KLk# fd^\mRS# QW\^^L`# IkkRa^mL^K# o#pfeI# UK\^X\MXk#q# uUQUfs# r[vU#\^X# wfrw#
B>, IJKLM#HGGN# [\S]LK# UVRKSWLX# fRaRK\`# eZXT`\KRZ^# \^X#UWRJK# gLdR^a# YZKW#jZRSL# \^X#f\K\# kLMlRSLk#VRKW# J\kKLM#X\K\# M\KLk# fd^\mRS# QW\^^L`# IkkRa^mL^K# wfrw#\^X#xn QfeI#
B@yz C38{|}~48C|3,8|,4 ;;~;9{,O| C; ,h h8 Oh, ,>hO,
ZV#\#X\ds#LlLMdZ^L#Rk#XL L^XL^K#Z^#\#SL``T`\M# WZ^L# S\``LX#mZ R`L #KZ#aLK# SZ^^LSKLX#KZ#ZKWLM# LMkZ^ #pWRk#SZ^^LSKRlRKd#\mZ^a#TkLMk#Rk#VRML`Lkk#R^#^\KTML #UTSW# SZmmT^RS\KRZ^#Rk#JTM^RkWLX# d#KWL#kK\^X\MXk#`R]L#rUe# r`Z \`#UdkKLm#eZ R`L s# QfeI# QZXL#fRlRkRZ^#eT`KR `L#ISSLkk #LKS #pWRk#VRML`Lkk#`R^]#Rk#S\``LX#KWL#v\XRZ# R^] #I``#KWL#SZmmT^RS\KRZ^# LKVLL^#TkLMk#K\]Lk# `\SL#KWMZTaW#KWRk#M\XRZ#`R^]#\^X#R^# Z L^#VRML`Lkk#mLXRTm#S\``LX#KWL#QZmmZ^#IRM#t^KLMJ\SL# QIt #pWL#SZ^SL K#ZJ#r`Z \`# UdkKLm#JZM#eZ R`L#QZmmT^RS\KRZ^# rUe #V\k#R^KMZXTSLX#R^#DEEG# d#KWL#wTMZ L\^# SZT^KMd #bMZm#KWL^s#KWRk#kK\^X\MX#\SSL KLX#VRXL`d#\^X#TKR`R LX# d#kLlLM\`#SZT^KMRLk # # rUe#^LKVZM]#SZ^kRkKk#ZJ#kLlLM\`#SZm Z^L^Kk#VWRSW#\ML#\k#JZ``ZVk # # eZ R`L#UK\KRZ^# eU #n#pWRk#Rk#KWL#XLlRSL#VWRSW#Rk#TkLX# d#KWL#rUe#TkLM#\^X#Rk# ZMK\ `Ls#km\``s#`RaWKnVLRaWK#\^X#W\^XnWL`X#XLlRSL # # Y\kL#pM\^kSLRlLM#UK\KRZ^# YpU #n#tK#Rk#KWL#SL``#KZVLM#VWRSW#Rk#`ZS\KLX#Z^#KWL#MZZJ# d# KWL#kLMlRSL# MZlRXLMk#KZ# MZlRXL#^LKVZM]#KZ#RKk#TkLMk #I#YpU#Rk#SZ^^LSKLX#KZ#eU# d# VRML`Lkk#M\XRZ#`R^]k # # Y\kL#UK\KRZ^#QZ^KMZ``LM# YUQ #n#pWRk#SZ^KMZ`k#Z^L#ZM#mZML#YpU#\^X#Rk#SZ^^LSKLX#KZ# KWLm #pWRk#SZ^^LSKRlRKd#Rk#KWMZTaW#VRMLk ##YpU#\^X#YUQ#KZaLKWLM#S\``LX#Y\kL#UK\KRZ^# YU # # eZ R`L#UVRKSWR^a#QL^KML# eUQ #q#I#eUQ#Rk#SZ^^LSKLX#KZ#^Tm LM#ZJ#YUQ#\^X# m\^\aLk#KWL#S\``#MZTKR^a# MZSLkk # # 12#
0! ,7-96.79./-801022. 9:;<=>;?@A;?B>$C=>;D=$E9:CF$G$9:;<=>;?@A;?B>$C=>;D=$?H$D=HIB>H?JK=$LBD$A:;<=>;?@A;?>M$ 5673869**+.49 5-10.60779882 A$K=M?;?NA;=$:H=D$EH:JH@D?J=DF$A>O$AKHB$IDBP?O=H$QRSTJ?;$A:;<=>;?@A;?B>$U=V$;B$:H=DW$ XBN=$YB@A;?B>$Z=M?H;=D$EXYZF$G$[<?H$?H$A$OA;AJAH=$\<?@<$H;BD=H$;<=$:H=D]H$ ?>LBDNA;?B>$A>O$?;H$KB@A;?B>$?>LBDNA;?B>W$[<?H$IDBP?O=H$:H=D$A>$^_`^$E^>;=D>A;?B>AK$ _BJ?K=$`:JH@D?J=D$^O=>;?;VF$>:NJ=D$;B$?O=>;?LV$?;H$:H=DW$^>$B;<=D$\BDOHa$;<=$AD=A$;B$ \<?@<$A$H:JH@D?J=D$J=KB>MH$?H$HAP=O$?>$XYZW$ $ b?H?;BD$YB@A;?B>$Z=M?H;=D$EbYZF$G$[<?H$OA;AJAH=$@B>;A?>H$;<=$?>LBDNA;?B>$AJB:;$ H:JH@D?J=D$\<B$P?H?;=O$;<=$AD=A$BL$A$IAD;?@:KAD$_`C$A>O$H;BD=H$;<=$^_`^$E^>;=D>A;?B>K$ NBJ?K=$H:JH@D?J=D$?>O=>;?;VF$>:NJ=D$;=NIBDAD?KVW$ $ cI=DA;?B>$_A?>;=>A>@=$C=>;=DH$Ec_CF$G$[<=$BI=DA;?B>$BL$=A@<$_`a$d[`a$d`C$A>O$ _`C$?H$NB>?;BD=O$A>O$NA?>;A?>=O$JV$;<?H$@=>;D=W$ $ `:JH@D?J=D$^O=>;?;V$_BO:K=$E`^_F$G$[<?H$?H$A$D=NBPAJK=$QeU$BD$fRU$@<?I$EBD$A$HNAKK$ HNAD;$@ADOF$\<?@<$A$H=DP?@=$IDBP?O=D$IDBP?O=H$;B$?;H$H:JH@D?J=DW$^;$?H$:H=O$?>$_`$;B$ A@@=HH$;<=$g`_$H=DP?@=H$K?U=$@AKK?>Ma$N=HHAM?>M$=;@W$ $ h:JK?@$i=;\BDUH$G$[<?H$@B>H?H;H$BL$>=;\BDUH$K?U=$h`[i$Eh:JK?@$`\?;@<=O$[=K=I<B>=$ i=;\BDUFa$jA;A$i=;\BDUa$^`ji$E^>;=MDA;=O$`=DP?@=H$O?M?;AK$i=;\BDUF$;B$\<?@<$_`C$ ?H$@B>>=@;=OW$ $ d=KB\$M?P=>$k?M:D=$QQ$?H$;<=$AD@<?;=@;:D=$BL$g`_$@B>;A?>?>M$AKK$;<=$AJBP=$O=H@D?J=O$ @BNIB>=>;HW$g`_$@BNN:>?@A;?B>$BI=DA;=H$B>$lmm$_XnoQSmm$_Xn$H;A>OADOH$A>O$ :H=H$;=@<>?p:=H$K?U=$kjj$EkD=p:=>@V$j?P?H?B>$j:IK=q?>MF$A>O$[j_9$E[?N=$ j?P?H?B>$_:K;?IK=$9@@=HHFW$
r-s+80.ttu..v19531.wx270y.495-10.zvw4{.|8,}-70,7+80..
$
`=P=DAK$M=>=DA;?B>H$K?U=$Qg$Ek?DH;$g=>=DA;?B>Fa$Rg$E`=@B>O$g=>=DA;?B>Fa$fg$E[<?DO$ g=>=DA;?B>F$?>$g`_$<AH$=PBKP=O$O:D?>M$;<=$IAH;$V=ADHW$~P=>$;<B:M<$;<=$g`_$ >=;\BDU$?H$:;?K?n=O$JV$AKNBH;$=P=DV$@B:>;DV$;<=H=$OAVH$J:;$;<?H$H;A>OADO$<AH$HBN=$ P:K>=DAJ?K?;?=H$\<?@<$AD=$=qIKB?;=O$JV$A>$?>;D:O=D$;B$M=;$;<=$A@@=HH$?>;B$;<=$>=;\BDU$BD$ O?H;:DJ$?;H$BI=DA;?B>W$[<=$DAO?B$K?>U$J=;\==>$;<=$_`$A>O$d[`$?H$;<=$NBH;$@D:@?AK$IB?>;$ \<=D=$A>$?>;D:O=D$;AU=H$AOPA>;AM=W$`:@<$P:K>=DAJ?K?;?=H$AD=$K?H;=O$J=KB\W$ +160835-1-7-02.-6.vw4. 9yy+6-,37-96. [<=$g`_$H;A>OADO$<AH$HBN=$ID?>@?IK=H$BL$H=@:D?;V$K?U=$H:JH@D?J=D$?O=>;?;V$ @B>L?O=>;?AK?;Va$:H=$BL$A$`^_$AH$H=@:D?;V$NBO:K=a$H:JH@D?J=D$?O=>;?;V$A:;<=>;?@A;?B>a$ :H=$BL$;D?IK=;H$A>O$H;D=AN$@?I<=D?>M$BL$:H=D$;DALL?@$ $:H=D$@B>;DBK$OA;AW$9>$?>;D:O=D$ ;AU=H$A>$:>LA?D$AOPA>;AM=$J=;\==>$A$K=M?;?NA;=$H:JH@D?J=D$A>O$;<=$\?D=K=HH$DAO?B$K?>U$ A>O$JD=A@<=H$;<=$H=@:D?;V$ID?>@?IK=H$BL$g`_W$[<?H$JD=A@<$BL$ID?>@?IK=$?H$O:=$;B$;<=$$ kBKKB\?>M$P:K>=DAJ?K?;?=H$ID=H=>;$?>$g`_$>=;\BDU T$$ !
23$
45 78956*+,,85 5-,16+955*, 38*645 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
=> ?@ABCBDDEFGH@IEJ@KL#M#NOO#PQR#STUUVWXSYPXTW#XZ#PY[XW\#]OYSR#PQ^TV\Q#PQR# UR_XVU#T`#YX^a#NW#XWP^V_R^#SYW#RYZXOb#XWPR^SR]P#PQR#STUUVWXSYPXTW#cRPdRRW#PdT# ZVcZS^XcR^Z#T^#cRPdRRW#Y#ZVcZS^XcR^#YW_#XPZ#STWWRSPR_#efga# => hKDBijABEklmknmkoEkCpIA@qrs#M#tgu#ZPYW_Y^_#VZRZ#PQ^RR#YO\T^XPQUZa#Nv# YO\T^XPQU#XZ#VZR_#`T^#YVPQRWPXSYPXW\#PQR#ZVcZS^XcR^#PQ^TV\Q#Y#wx2ycXP# YVPQRWPXSYPXTW#[Rba#N1#YO\T^XPQU#XZ#VZR_#`T^#RWS^b]PXTW#YW_#_RS^b]PXTW#]^TSRZZ# YW_#N2#YO\T^XPQU#XZ#VZR_#`T^#\RWR^YPXW\#^YW_TU#[RbZa#uYWb#XWP^V_R^#YPPYS[Z# PQRZR#PQ^RR#YO\T^XPQUZ#PT#[WTd#YcTVP#PQR#dQTOR#]^TSR_V^Ra#z{R^b#ZR^{XSR# ]^T{X_R^#[RR]Z#PQRZR#YO\T^XPQUZ#STW`X_RWPXYOa#eVP#UTZP#T`#PQR#XWP^V_R^|Z#PY^\RPZ# PQR#YO\T^XPQU#T`#tgua# => }KB~ G EkjqrBKq@iGq@IKEy# W#tgu#WRPdT^[ #TWOb#Y#efg#SYW#YVPQRWPXSYPR#Y# ZVcZS^XcR^#cVP#Y#ZVcZS^XcR^#SYWWTP#YVPQRWPXSYPR#Y#efga#fQR#]^TcORU#Y^XZRZ#dQRW# YW#XWP^V_R^#STU]^TUXZRZ#Y#efg#YW_#XU]TZRZ#YPPYS[#PQ^TV\Q#PQXZ#efg#TW# OR\XPXUYPR#ZVcZS^XcR^a# => CIK@KpEI E h E GAH#M#NW#XWP^V_R^#SYW#SOTWR# T^#UY[R#Y#ST]b#T`#Y#g u#SY^_ # cb# VZP#_R^X{XW\#Y#wx2ycXP#YVPQRWPXSYPXTW#[Rb#`^TU#PQR#OR\XPXUYPR#ZVcZS^XcR^|Z# g u#SY^_a#fQXZ#^RZVOPZ#XW#UXZVZXW\#PQR#g u#`T^#`^YV_VORWP#]V^]TZRa# => IEhKqBpA@q EI E GqG#y# W#tgu#ZPYW_Y^_ #PQR#YVPQRWPXSYPXTW#YW_#STW`X_RWPXYOXPb# T`#Y#ZVcZS^XcR^#XZ#UYXWPYXWR_#cVP#PQR^R#XZ#WT#ZRSV^XPb#]^T{X_R_#`T^#XWPR\^XPb#T`# PQR#_YPYa#NW#XWP^V_R^#SYW#RYZXOb#SQYW\R#PQR#_YPY#dXPQ#ZTUR#`Y[R#_YPYa# 92 16*178+,5-, , => tgu#XZ#YO^RY_b#VZR_#dT^O_dX_R#dXPQ#UXOOXTWZ#T`#ZVcZS^XcR^Za# => WPR^WYPXTWYO#^TYUXW\#YOOTdZ#ZVcZS^XcR^#PT#VZR#Y#ZXW\OR#UTcXOR#]QTWR#PQ^TV\QTVP# RZPR^W#zV^T]Ra# uN#dT^[Z#XW#NZXY #cVP#WTP#XW# ^YWSR #tR^UYWb #PQR# a a# YW_#TPQR^#]T]VOY^#zV^T]RYW#_RZPXWYPXTWZa# => tgu#XZ#UYPV^R#dQXSQ#ZPY^PR_#XW#PQR#UX_y2 Z#dQXSQ#XZ#UT^R#ZPYcOR#WRPdT^[#dXPQ# ^TcVZP#`RYPV^RZa# uN#XZ#ZPXOO#cVXO_XW\#XPZ#WRPdT^[a# X > tgu Z#UYPV^XPb#URYWZ#RW\XWRR^Z#SVP#PQRX^#PRRPQ#`T^#PQR#PRSQWTOT\b#PT# S^RYPR#YW#VWSTWZSXTVZ#]^R`R^RWSRa# => fQR#Y{YXOYcXOXPb#T`#gVcZS^XcR^# _RWPXPb#uT_VORZ #dQXSQ#Y^R#ZUY^P#SY^_Z#PQYP# ]^T{X_R#ZRSV^R#_YPY#RWS^b]PXTW#dQXSQ#\X{RZ#tgu#UTcXOR#STUUR^SR# Y_{YWPY\RZa## , 0+12 16*178+,5-, , => YS[#T`#YSSRZZ#PT#NUR^XSYW#UY^[RPa#
,,,,,4 876, 5/5, 55758++, ,
wa> *1*8,85/8,55, 1:+8# X > zWQYWSR_# YPY#^YPRZ#`T^#tZU#z{TOVPXTW# z tz #]^T{X_RZ#cRPPR^# _YPY#^YPRZ#PQYW#tRWR^YO#¡YS[RP#¢Y_XT#gR^{XSR# t¡¢g a## # XX > tOTcYO#gbZPRU#uTcXOR# tgu #Y^^X{R_#XW#xa1#ta## XXX > £TUR# TSYPXTW#¢R\XZPR^# £ ¢ #YW_#¤XZXPT^# TSYPXTW#¢R\XZPR^# ¤ ¢ #Y^R#PQR#STU]TWRWPZ#T`#uTcXOR#gdXPSQXW\# RWPR^# ug a### X{ > xt#]^T{X_RZ#_YPY#ZR^{XSRZ#TWOba# ############### { > WPR^XU#gPYW_Y^_#wv¥# g#wv¥ #XZ#XWP^T_VSR_#XW#vta########################## #############
12#
¦¦
0! 56789*+,7-96.79./-801022. 9:; <=>?@AB$CDE$9DE$9:2D$@FG$HD$IBFBA@JK=FL:$ 36*.495-10.60779882 MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM: MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM:$ MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM:$ H:; NO?P@KF$DQR$@ASTKJBSJUAB$VKJT$@$GK@IA@>:$ MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM: MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM:$ MMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM:$
WXYZ [\]^.]5_5`5\6.4abc5db^.e[[^``.f[]4eg.
<=GB$hKiKLK=F$RUPJK?PB$jSSBLL$k<hRjl$LJ@AJBG$KF$C33H$VTBF$JTB$mKALJ$<hRj$ LJ@FG@AG$nQo32$KLLUBG:$nF$C332E$<hRj$JBSTF=P=Ip$?UJ$KFJ=$S=>>BASK@PKq@JK=F$KF$ r=FI$s=FI$@FG$j>BAKS@$=F$P@AIB$LS@PB:$nF$j?AKPE$9ttCE$<TKF@$uFKS=>$vBI@F$J=$ S=FLJAUSJ$<hRj$FBJV=AwLxJTB$P@AIBLJ$KF$JTB$V=APG:$jJ$?ABLBFJE$<hRj$S=>>BASK@P$ FBJV=AwL$@AB$BLJ@vPKLTBG$KF$@v=UJ$yt$S=UFJAKBL$=A$@AB@$VTKST$KL$@??A=OK>@JBPp$9tz$=m$ @PP$ULBAL$KF$JTB$V=APG:$ $ <=GB$hKiKLK=F$RUPJK?PB$jSSBLL$KL$@$>UPJK?PB$@SSBLL$v@LBG$JBSTF=P=Ip$VTKST$?A=iKGBL$ C:92$Rrq$v@FGVKGJT$?BA$S@AAKBA:$nJL$ABULB$m@SJ=A$KL$C$k{KIUAB$C9l$VTBAB$@L$DQR$ABULB$ m@SJ=A$$KL$|E$<hRj$KL$@i@KP@vPB$=F$=?BA@JKFI$mAB}UBFSp$y2tE$~ttE$C3tt$Rrq:$nJ$ ?A=iKGBL$KFTBABFJPp$LU?BAK=A$ABSBKiB$LBFLKJKiKJp$k@??A=O:$oC9C$G l:$nF$<hRjE$JTBAB$KL$ @$JA@GB=mm$vBJVBBF$<@?@SKJpE$<=iBA@IB$@FG$ U@PKJp:$nJ$ULBL$?ABSKLB$?=VBA$S=FJA=P$ @PI=AKJT>L$VTKST$>KFK>KqBL$KFJBAmBABFSB:$nJ$T@L$>UPJK?PB$GKiBALKJKBL$PKwB$KJ$ABSBKiBL$ L?@JK@P$GKiBALKJp$JTA=UIT$JV=$ABSBKiB$@FJBFF@LE$?@JT$GKiBALKJp$JTA=UIT$A@wB$ABSBKiBALE$ mAB}UBFSp$GKiBALKJp$JTA=UIT$L?AB@G$L?BSJAU>$@FG$JK>B$GKiBALKJp$JTA=UIT$KFJBAPB@iKFI:$ nF$<hRjE$B@ST$ULBA$T@L$@$UFK}UB$ $k LBUG=$ =KLBl$S=GB:$N@ST$ULBA$JA@FL>KJL$KJL$ KFm=A>@JK=F$J=$=JTBA$ULBAL$vp$L?AB@GKFI$VKJT$UFK}UB$S=GB:$<hRj$JBSTF=P=Ip$ULBL$ hKABSJ$QB}UBFSB$Q?AB@G$Q?BSJAU>$khQQQl$uFPKwB$=JTBA$SBPPUP@A$JBSTF=P=IKBL$PKwB$ DQRE$B@ST$ULBA$KL$LB?@A@JBG$vp$@$S=GB$F=J$vp$JK>B$LP=J$@FG$mAB}UBFSp$LP=J:$R=AB=iBAE$ B@ST$ULBA$LT@AB$JTB$L@>B$v@FGVKGJT$@L$JTB$ $S=GB$LB?@A@JBL$@FG$KL=P@JBL$B@ST$ULBA$ @FG$JTBABm=AB$?ABiBFJL$m=A>$KFJBAmBABFSB:$
- +80. ..[9*0.]- -2-96.4+17- 10.e,,022.f[]4eg. 80 +06, .e119,37-96.
$
<hRj$JBSTF=P=Ip$S@F$vB$ULBG$m=A$K>?PB>BFJKFI$ $k KABPBLL$ =S@P$ ==?l:$ NOKLJKFI$P@FGPKFB$=?BA@J=AL$S@F$BOJBFG$JTBKA$FBJV=Aw$VKJT$ :$<BPPUP@A$=?BA@J=AL$ S@F$S@?KJ@PKqB$=F$JTBKA$SUAABFJ$FBJV=Aw$J=$GBPKiBA$ABLKGBFJK@P$LBAiKSB$VKJT$ :$ BV$ LBAiKSB$?A=iKGBAL$S@F$}UKSwPp$GB?P=p$F=FoJA@GKJK=F@P$ $L=PUJK=FL$J=$A@?KGPp$>BBJ$@$ S=>>UFKJp L$JBPB?T=Fp$FBBGL:$ !
23$
45 78956*+,,85 5-,16+955*, 38*645 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
92=16*178+,5-,4>?9,067:/28@, AB CDEFGHIGJ#EGKKLKHF#EMNNLDOEHPOMDI#IGELFOPQR# AB SFMTOJGI#IONLKPHDGMLI#EMDTGFIHPOMDIR# AB CDEFGHIGJ#GUUOEOGDEQ#IM#PVHP#PVG#EHFFOGF#EHD#IGFTG#NMFG#ILWIEFOWGFIR# AB XNHKKGF#YVMDGIR# AB ZM[#YM[GF#FG\LOFGNGDPI#HDJ#KOPPKG#EGKK]PM]EGKK#EMMFJODHPOMD#DGGJGJ#WQ# MYGFHPMFIR# AB ^_PGDJGJ#FGHEV#]#WGDGUOEOHK#PM#FLFHK#LIGFI#IOPLHPGJ#UHF#UFMN#EGKKIR# AB `IGI#aOFGEP#XG\LGDEG#XYFGHJ#XYGEPFLN#baXXXc#PGEVDMKMdQ# AB SFMTOJGI#IMUP#e#IMUPGF#VHDJMUU#MU#H#LIGF#EFMIIODd#WGP[GGD#EGKKLKHF#FGdOMD# AB `IGI#FHfG#FGEGOTGF# AB SFMTOJGI#VOdV#\LHKOPQ#TMOEG#PM#OPI#LIGFI# AB gHI#YM[GF#EMDPFMK# AB hOTGI#WGPPGF#EMTGFHdG#HFGH#DGP[MFf# AB gHI#H#TGFQ#IONYKG#DGP[MFf#YKHDDODd#MU#EGKKI# AB SFMTOJGI#INMMPV#NOdFHPOMD#PM#ih#HDJ#PVG#MYGFHPMFjI#WGDGUOP#OI#YFMPGEPGJR# >0+12=16*178+,5-,4>?9,067:/28@, AB aLG#PM#OPI#YFMYFOGPHFQ#DHPLFGk#HKK#MU#lamnoI#UKH[I#HFG#DMP#fDM[D#PM#PVG# GDdODGGFODd#EMNNLDOPQR# AB lamn#OI#FGKHPOTGKQ#DG[k#HDJ#PVG#DGP[MFf#OI#DMP#HI#NHPLFG#HI#hXmR# AB lamn#EHDDMP#MUUGF#ODPGFDHPOMDHK#FMHNODdk#H#KHFdG#hXm#HJTHDPHdGR# AB gOdVGF#IYGEPFLN#FG\LOFGNGDPR#
p,,,,,4q876,r5/5,s55758++,t,
uRB ^_YKHOD#VM[#UFG\LGDEOGI#HFG#HKKMEHPGJ#OD#lMJG#aOTOIOMD#mLKPOYKG#nEEGII# blamncv# wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwR wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwR# wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwR# xRB ZOIP#HKK#HJTHDPHdGI#HDJ#JOIHJTHDPHdGI#MU#lMJG#aOTOIOMD#mLKPOYKG#nEEGII# blamncR# wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwR wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwR# wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwR#
tyz{ 4|;;};9~, r 8|?,>| 3, }3>9?|389;,
VOI#IGEPOMD#JOIELIIGI#HWMLP#PVG#WHIOE#ULDJHNGDPHKI#MU#EGKKLKHF#IQIPGNI#[VOEV#HFG# ONYMFPHDP#OD#JGIOdDODd#H#EGKKLKHF#IQIPGNR#XLEV#ULDJHNGDPHKI#EMDEGYPI#HFG#UFG\LGDEQ# FGLIGk#VHDJ]MUU#HDJ#IOdDHK#IPFGDdPV#PVFGIVMKJk#CDPGFUGFGDEGk#HDJ#lMTGFHdG#e#lHYHEOPQ# ONYFMTGNGDPIR# G#[OKK#JOIELII#PVGIG#WHIOEI#MU#EGKKLKHF#JGIOdD#ULDJHNGDPHKI#MDG#WQ# MDG## 12#
0!
9:;:<=>80?+06,@.A0+20.
BCD$EFGHIJKJLM$NIOJKOFP$EHF$GJIGFQE$JR$RSFTUFIGM$SFUPFV$WP$EHF$IXYF$PULLFPEPZ$EHF$ LNOFI$RSFTUFIGNFP$XSF$UPF[$XLXNI$XI[$XLXNI$NI$[NRRFSFIE$GFKKP$PJ$XP$EJ$PFSOF$YJSF$UPFSP$ XE$X$ENYFV$W$LFJLSXQHNG$XSFX$NP$[NON[F[$NIEJ$KXSLF$HF\XLJIXK$GFKKP$]IJE$NI$QSXGENGF^$XI[$ EHFI$EHF$RSFTUFIGNFP$XSF$XKKJEEF[$EJ$FXGH$GFKKV$_XGH$$GKUPEFS$HXP$EJEXK$JR$`$PYXKK$ HF\XLJIXK$GFKKP$]aNLUSF$3b^V$cI$EHNPZ$FXGH$JR$$EHF$GFKK$NI$GKUPEFS$UPFP$$[NRRFSFIE$ RSFTUFIGNFP$PJ$XP$EJ$XOJN[$NIEFSRFSFIGF$XI[$SFUPFP$EHFY$NI$$GFKK$NI$[NRRFSFIE$GKUPEFSP$NI$ JS[FS$EJ$QSJON[F$PFSONGF$EJ$XKK$UPFSPV$_XGH$KXSLF$GFKK$HXP$RSFTUFIGM$PEXSENIL$RSJY$3$EJ$`V$ dHF$PYXKKFS$NIIFS$YJPE$JR$FXGH$KXSLF$GFKK$NP$XKKJEEF[$EHF$RSFTUFIGM$3$XI[$EHFI$ RSFTUFIGM$e$EJ$NEP$PYXKK$GFKK$fHNGH$NP$XE$EHF$EJQ$JR$EHF$NIIFS$YJPE$]JS$GFIESXK^$PYXKK$ GFKKV$gJfZ$EHF$IF\E$RSFTUFIGM$NP$b$fHNGH$NP$GKJGh$fNPF$IF\E$XI[$PJ$JIV$
>-i+80.<9j..>80?+06,@.A0+20.k96,0l7.
56789*+,7-96.79./-801022. 36*.495-10.60779882
$
dHNP$NP$EHF$fXM$HJf$EHF$RSFTUFIGNFP$XSF$SFUPF[$NI$JS[FS$EJ$PFSOF$YJSF$XI[$YJSF$UPFSPV$ DJSFJOFSZ$EHF$SFXPJI$JR$[NON[NIL$EHF$XSFX$NIEJ$HF\XLJIXK$GFKKP$EHXI$[NON[NIL$NE$NIEJ$ ESNXILKFZ$GNSGKF$JS$SFGEXILKF$NP$EHXE$EHF$HF\XLJI$HXP$KXSLFPE$XSFX$RJS$X$LNOFI$SX[NUPV$ WKPJ$EHF$XSFX$JR$UINE$NP$QSJQJSENJIXK$EJ$IUYmFS$JR$mXPF$PEXENJIP$fHNGH$NP$FTUXK$EJ$EHF$ QSJQJSENJIXK$EJ$PFEUQ$GJPE$JR$mXPF$PEXENJIP$XI[$EHF$IUYmFS$JR$IFNLHmJSP$EJ$X$PNILKF$UINE$ NP$X$fXM$JR$HXI[nJRR$fHNGH$FTUXKP$EJ$EHF$QSJQJSENJIXK$EJ$mXPF$PEXENJI$IFEfJShNIL$XI[$ GJIESJK$GJYQKF\NEMV$
9:;:o=p36*q9rr.36*.s-i631.s7806i7t.
uXI[nJRR$NP$X$fXM$EJ$ESXIPRFS$X$UPFSvP$GXKKP$JIF$RSJY$JIF$GFKK$EJ$XIJEHFSV$cE$NP$XKPJ$ hIJfI$XP$wuXI[nJOFSx$JR$X$UPFS$RSJY$JIF$mXPF$PEXENJI$EJ$XIJEHFSV$dHFSF$XSF$EfJ$EMQFP$ JR$HXI[nJRRPV$yIF$NP$z{|}~ { } $NI$fHNGH$EHF$GHXIIFK$NI$EHF$F\NPENIL$GFKK$fHNGH$EHF$ UPFS$NP$XmJUE$EJ$KFXOF$NP$SFKFXPF[$RNSPE$XI[$JIKM$EHFI$EHF$GHXIIFK$NI$EHF$EXSLFE$GFKK$NP$ FILXLF[V$dHFSFRJSFZ$EHF$GJIIFGENJI$EJ$EHF$F\NPENIL$GFKK$NP$mSJhFI$mFRJSF$JS$ XP $EHF$ GJIIFGENJI$EJ$EHF$EXSLFE$NP$YX[F RJS$EHNP$SFXPJI$PUGH$HXI[JOFSP$XSF$XKPJ$hIJfI$ XP$ | { | { V$uXS[$HXI[JOFSP$XSF$NIEFI[F[$EJ$mF$NIPEXIEXIFJUP$NI$JS[FS$EJ$ YNINYN F$EHF$[NPSUQENJI$EJ$EHF$GXKKV$ HFI$EHF$YJmNKF$NP$mFEfFFI$mXPF$PEXENJIPZ$EHFI$ EHF$YJmNKF$GXI$PfNEGH$fNEH$XIM$JR$EHF$mXPF$PEXENJIPZ$PJ$EHF$mXPF$PEXENJIP$mJUIGF$EHF$ KNIh$fNEH$EHF$YJmNKF$mXGh$XI[$RJSEHV$dHNP$NP$GXKKF[$ V$ $ W$ ~ { } $NP$JIF$NI$fHNGH$EHF$GHXIIFK$NI$EHF$F\NPENIL$GFKK$NP$SFEXNIF[$XI[$UPF[$RJS$ X$fHNKF$NI$QXSXKKFK$fNEH$EHF$GHXIIFK$NI$EHF$EXSLFE$GFKKV$cI$EHNP$GXPF$EHF$GJIIFGENJI$EJ$EHF$ EXSLFE$NP$FPEXmKNPHF[$mFRJSF$EHF$GJIIFGENJI$EJ$EHF$F\NPENIL$NP$mSJhFIZ$HFIGF$EHNP$ HXI[JOFS$NP$GXKKF[$ { | | { V$dHF$NIEFSOXKZ$[USNIL$fHNGH$EHF$EfJ$GJIIFGENJIP$ XSF$UPF[$NI$QXSXKKFKZ$YXM$mF$mSNFR$JS$PUmPEXIENXKV$CJRE$HXI[JOFSP$YXM$NIOJKOF$UPNIL$ !
23$
45 78956*+,,85 5-,16+955*, 38*645 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
=>??@=AB>?C#A>#D>E@#AFG?#AH>#=@IICJ#=>??@=AB>?C#A>#AFE@@K#L>ME#>E#D>E@#=@IIC#=G?#N@# DGB?AGB?@O#NP#>?@#QF>?@#GA#AF@#CGD@#ABD@R#SF@?#G#=GII#BC#B?#G#CAGA@#>L#C>LA#FG?O>T@EK# AF@#CBU?GI#>L#AF@#N@CA#>L#GII#MC@O#=FG??@IC#=G?#N@#MC@O#L>E#AF@#=GII#GA#G#UBT@?#D>D@?A# >E#GII#AF@#CBU?GIC#=G?#N@#=>DNB?@O#A>#QE>OM=@#G#=I@GE@E#=>QP#>L#AF@#CBU?GIR#VF@#IGAA@E#BC# D>E@#GOTG?AGU@>MCK#G?O#HF@?#CM=F#=>DNB?B?U#BC#Q@EL>ED@O#N>AF#B?# AF@#O>H?IB?W#XL>EHGEO#IB?WY#G?O#AF@#MQIB?W#XE@T@EC@#IB?WY#AF@#FG?O>T@E#BC#A@ED@O# GC#Z[\]^_R#`>LA@E#FG?O>T@EC#GE@#Q>CCBNI@#HF@?#AF@#=@IIC#B?T>IT@O#B?#AF@#FG?O>T@EC#FGT@# G#CB?UI@#=@II#CBA@R# # VF@#aM@CAB>?#GEBC@C#F@E@#BC#HF@?#A>#DGW@#G#FG?O>LL#>E#G#FG?O>T@Eb#VF@#G?CH@E#A>#AFBC# aM@CAB>?#BC#NGC@O#>?#AF@#ZcdefghZ]_^ed]i#G?O#AF@#jcecjkjh]i_^Zi[glhmfgk^#>L#AF@# CAE@?UAF#E@aMBE@OR#n>?CBO@E#G#CBDQI@#C=@?GEB>#B?#HFB=F#G#MC@E#BC#D>TB?U#LE>D#o#QIG=@# A>#p#QIG=@R#VF@#MC@E#BC#>?#=GIIR#q>H#GC#AF@#MC@E#BC#D>TB?UK#AF@#=@II#QF>?@#BC#=>?CAG?AIP# IB?W@O#HBAF#AF@#NGC@#CAGAB>?#HBAF#AF@#LMII#CBU?GI#CAE@?UAFR#oC#AF@#MC@E#D>T@C#GHGP#LE>D# AF@#@rBCAB?U#NGC@#CAGAB>?K#UEGOMGIIP#AF@#CBU?GI#CAE@?UAF#W@@QC#>?#O@=E@GCB?U#HBAF#AF@# OBCAG?=@R#q>H#AF@#Q>B?A#HBII#=>D@#HF@E@#AF@#CAE@?UAF#N@=>D@C#C>#I>H#AFGA#AF@# DB?BDMD#AFE@CF>IO#TGIM@#HFB=F#BC#DGB?AGB?B?U#AF@#IB?WC#HBAF#@rBCAB?U#NGC@#CAGAB>?#FGC# E@G=F@O#s@E>#I@T@IR#o?O#AFBC#AFE@CF>IO#TGIM@#BC#B?=E@GCB?U#B?#=>EE@CQ>?O@?=@#HBAF#AF@# ?@H#>E#AGEU@A#NGC@#CAGAB>?#HFB=F#BC#@?>MUF#A>#DGB?AGB?#AF@#=GII#AFE>MUF#AF@#EGOB>#IB?WCR#
tuvutwx6*85-858678,
y?A@EL@E@?=@#BC#AF@#OBCAMENG?=@#=GMC@O#B?#AF@#D@OBMD#A>#O@UEGO@#AF@#aMGIBAP#>L#C@ETB=@R# VF@#E@GC>?#N@FB?O#AFBC#B?A@EL@E@?=@#=G?#N@#G#=GII#B?#?@BUFN>EB?U#=@IICK#NGC@#CAGAB>?C# >Q@EGAB?U#>?#CGD@#LE@aM@?=PK#>E#G?P#>AF@E#D>NBI@#B?#AF@#CGD@#=@IIR#`M=F#B?A@EL@E@?=@# BC#AF@#=>?C@aM@?=@#>L#=E>CC#AGIW#HF@E@#G#=GII@E#U@AC#=>??@=A@O#A>#G?>AF@E#M?B?A@?O@O# =GII@O#QGEAPR#y?#=@IIMIGE#CPCA@DK#B?A@EL@E@?=@#=G?#N@#G#z[{zifee^gh|e]^_\^_^e}^#>E# ~l f}^e]hzifee^gh|e]^_\^_^e}^ h h z[{zifee^gh|e]^_\^_^e}^hBC#=GMC@O#OM@#A>#AF@#LE@aM@?=P#E@MC@#QF@?>D@?>?#GC#AF@# NGC@#CAGAB>?C#HFB=F#GE@#>Q@EGAB?U#GA#AF@#CGD@#LE@aM@?=P#=GMC@C#B?A@EL@E@?=@R#oC# O@C=EBN@O#GN>T@#AF@#=>?=@QA#>L#LE@aM@?=P#E@MC@K#@G=F#=@II#FGC#NGC@#CAGAB>?#HFB=F#BC# >Q@EGAB?U#>?#G#LE@aM@?=PR#VFBC#B?A@EL@E@?=@#O@UEGO@C#AF@#E@=@BT@E#Q@EL>EDG?=@#GC#AF@# CBU?GI#GEEBT@C#LE>D#N>AF#B?A@?O@O#AEG?CDBAA@E#G?O#M?O@CBE@O#AEG?CDBAA@E#HFB=F#GE@# >Q@EGAB?U#>?#CGD@#LE@aM@?=PR## # ~l f}^e]hzifee^gh|e]^_\^_^e}^hBC#=GMC@O#NP#@rAEG?@>MC#Q>H@E#LE>D#G#CBU?GI#B?#G?# GO G=@?A#=FG??@I#G?O#BC#=GMC@O#OM@#A>#AF@#NGC@#CAGAB>?C#HFB=F#GE@#>Q@EGAB?U#GA#GO G=@?A# LE@aM@?=B@CR#VF@#E@GC>?#N@FB?O#AFBC#B?A@EL@E@?=@#=G?#N@#B?GO@aMGA@#LBIA@EB?UK#BDQE>Q@E# AM?B?U#>E#Q>>E#LE@aM@?=P#=>?AE>IR#VFBC#=G?#N@#FG?OI@O#NP#GQQIPB?U#AF@#A@=F?>I>UB@C# IBW@#QE>Q@E#=FG??@I#GCCBU?D@?A#G?O#=GE@LMI#LBIA@EB?UR#h
tuvu w45 85178,162,419170*<,x.955 8.86*+,
VF@#=@IIMIGE#CPCA@D#=>?CAG?AIP#?@@OC#BDQE>T@D@?AC#B?#>EO@E#A>#N@AA@E#C@ETB=@#XB?#A@EDC# >L#CBU?GI#CAE@?UAF #=>T@EGU@#G?O#E@GOBIP#GTGBIGNI@#C@ETB=@# #=GQG=BAPY#A>#BAC#MC@ECR#VFBC# =G?#N@#G=FB@T@O#NP#AH>#A@=F?>I>UB@C# #z^ggh gc]]ced#G?O#z^ggh ^}][_ced#L>E#=GQG=BAP# BDQE>T@D@?AC#G?O# ^ ^f]^_Z#L>E#=>T@EGU@#BDQE>T@D@?AR# h z^ggh gc]]ced# # MCA#IBW@#AF@#?GD@K#AFBC#A@=F?>I>UP#CQIBAC#G#CB?UI@#=@II#B?A>#?MDN@E#>L# CDGII#=@IICR# ?@#=@II#DGP#N@#OBTBO@O#B?A>#AFE@@#CDGII@E#=@IIC#C>#AFGA#AF@#=GQG=BAP#>L# MC@EC#=G?#N@#FG?OI@O#@GCBIP#G?O#GII#MC@EC#U@A#C@ET@O#CBDMIAG?@>MCIPR# >E@>T@EK#AF@#GII# CQIBAA@O#=@II#XGC#CF>H?#B?#E@O#=>I>E#B?# BUME@# Y#FGC#BAC#>H?#NGC@#CAGAB>?CR##
12#
0! 56789*+,7-96.79./-801022. 36*.495-10.60779882
9-:+80.;<=..>011.?@01-77-6:.
$
AB$CDE$FGHIEJ$KL$IMBE$BCMCNKF$DMB$NFOJEMBEPQ$CDE$$CJMFBHNCCEP$RKSEJ$KL$IMBE$BCMCNKF$$NB$ JEPGOEPT$UDNB$NB$IEOMGBE$KL$CDE$JEMBKF$KL$BHMVV$OKWEJMXE$MJEM$SDNOD$NB$CDE$JEXNKF$KL$ BRVNCCEP$OEVVT$UDNB$NB$PKFE$CK$DMFPVE$WMJYFNX$HKINVNCYT$LMBCEJ$GBEJ$MJE$DMFPVE$IY$VMJXEJ$ BEVVB$MFP$BVKS$HKWNFX$GBEJB$MJE$PEMVC$IY$BHMVV$OEVVBT$ $ Z[\\]^[_`abcde$f$AB$CDE$FMHE$BGXXEBCBQ$M$BNFXVE$OEVV$NB$PNWNPEP$NFCK$BHMVV$BEOCKJB$MC$ MFXVE$KL$ghi$PEXJEE$KJ$2i$PEXJEET$jDEF$M$OEVV$NB$BEOCKJEP$NFCK$BNk$BHMVV$OEVVBQ$CDNB$ BEOCKJNFX$NB$OMVVEP$2i$PEXJEE$BEOCKJNFXT$jDEF$M$OEVV$NB$BEOCKJEP$NFCK$CDJEE$BHMVV$OEVVBQ$ CDNB$BEOCKJNFX$NB$OMVVEP$ghi$PEXJEE$BEOCKJNFX$lmNXGJE$gn$o$g2pT$UDNB$NB$MF$MFKCDEJ$SMY$ KL$NHRJKWNFX$OMRMONCY$KL$M$RMJCNOGVMJ$OEVVT$qKJEKWEJQ$ghi$PEXJEE$BEOCKJNFX$JEPGOEB$OKr ODMFFEV$NFCEJLEJEFOE$MB$CDE$MFCEFFMB$GBEP$NF$CDE$CEODFKVKXY$MJE$PNJEOCNKFMV$MFCEFFMB$ MFP$FKC$KHFNrPNJEOCNKFMV$MFCEFFMT$sNJEOCNKFMV$MFCEFFM$BNXFMVB$MJE$PNJEOCEP$NF$M$ RMJCNOGVMJ$PNJEOCNKF$SDEJE$MB$MF$tHFNrPNJEOCNKFMV$MFCEFFM$BNXFMVB$MJE$PNJEOCEP$NF$MVV$ PNJEOCNKFB$EuGMVVYT$
9-:+80.;v=..>011.wx.y0:800.?0,798-6:. .
9-:+80.;w=..>011.;zx.y0:800.?0,798-6:.
$
{[|[}`[b~$f$UDNB$CEODFKVKXY$NB$EHRVKYEP$NF$KJPEJ$CK$NHRJKWE$OKWEJMXE$KL$M$OEVVGVMJ$ BNCET$$ MPNK$JEREMCEJB$MJE$GBEP$CK$RJKWNPE$EkCEFPEP$JMFXE$MC$CDE$RVMOEB$SDEJE$ CDE$BNXFMVB$LMOE$KIBCMOVE$MFP$MJE$PNLLNOGVC$CK$JEMOD$VN E$NF$IGNVPNFXBQ$ IMBEHEFCB$ECOT$AB$JEREMCEJB$MJE$INrPNJEOCNKFMV$MFP$DMB$JMFXE$EkCEFBNKF$ OMRMINVNCYQ$CDE$BNXFMV$JEMODEB$CDE$CMJXEC$RVMOEB$EMBNVYT$
.....> 0,8. 9+8. 89:8022.<.
gT ?7370. 8+0.98.93120$ Np UKCMV$KL$ $BHMVV$OEVVB$MJE$FEEPEP$CK$HM E$M$KFE$VMJXE$OEVV$NF$KJPEJ$$ ! CK$JEGBE$CDE$LJEuGEFOYT$$ $$$$$$ $$ $ NNp UDJEBDKVP$VEWEV$PEOJEMBEB$MB$CDE$GBEJ$HKWEB$MSMY$LJKH$EkNBCNFX$$ ! $$$$$$$$$$$$$$$$$$$IMBE$BCMCNKFBT$$ $$$$$$ $$$$ $ $$$$$$$$$$$$$$$ $$$ NNNp MJP$ MFPrKLL$JEVNEB$KF$CDE$OKFOERC$KL$IJEM $IELKJE$HM ET$$$$$$$$$$$$$$$$$$$$$$!$$$ $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $ !
23$
45 78956*+,,85 5-,16+955*, 38*645 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
=>?@ ABCDEFGH#IJDGGFK#LGHFMNFMFGEFO=P#EDQPFB#BQF#HR#NMFSQFGET#MFQPF# ERGEFUHV# ############### # # >?@ WRHJ#IFKK#XUK=HH=GY#DGB#IFKK#XFEHRM=GY#DMF#HJF#PRKQH=RG#NRM#ER>FMDYF# =ZUMR>FZFGHV# [V@ \]UKD=G#HJF#B=NNFMFGEF#^FH_FFG#ABCDEFGH#IJDGGFK#LGHFMNFMFGEF#DGB#IR`IJDGGFK# LGHFMNFMFGEFa# bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbV bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbV# bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbV# cV@ dJDH#=P#IFKK#XFEHRM=GYa#XHDHF#=HP#HTUFa# bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbV bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbV# bbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbbV# #
efgh ijkk9lm,
nJ=P#ERZUKFHFP#RQM#B=PEQPP=RG#RG#HJF#d=MFKFPP#IRZZQG=EDH=RG#oFH_RMpP#_J=EJ# =GEKQBFP#LGBFUFGBFGH#qRBF#DGB#AB`JRE#qRBFV##rQMHJFMs#_F#B=PEQPPFB#>DM=RQP# _=MFKFPP#ERZZQG=EDH=RG#PTPHFZP#PQEJ#DP#tDY=GY#XTPHFZs#IRMBKFPP#nFKFUJRGF# XTPHFZPs#IFKKQKDM#qR^=KF#XTPHFZPs#uKR^DK#XTPHFZ#qR^=KF#vuXq?s#DGB#IRBF#w=>=P=RG# qQKH=UKF#AEEFPP#vIwqA?V#AKPRs#_F#B=PEQPPFB#HJF#>DM=RQP#_=MFKFPP#YFGFMDH=RGP#NMRZ# xu#vr=MPH#uFGFMDH=RG?s#[us#[Vyu#DGB#cu#DGB#ERZUDMFB#HJFPF#_=HJ#FDEJ#RHJFM#=G#HJF# NRMZ#RN#D#HD^KFV#AH#HJF#FGB#RN#D#QG=Hs#>DM=RQP#EFKKQKDM#BFP=YG#NQGBDZFGHDK#JD>F#^FFG# B=PEQPPFB#_J=EJ#ER>FMP#ERGEFUHP#K=pF#NMFSQFGET#MFQPFs#JDGB`RNNPs#IR>FMDYF#DGB# IDUDE=HT#=ZUMR>FZFGHP#DGB#LGHFMNFMFGEFV# nJF#=GNRMZDH=RG#Y=>FG#RG#>DM=RQP#HRU=EP##EDG#^F#PQUUKFZFGHFB#_=HJ#DBB=H=RGDK# MFDB=GYV#zR_F>FMs#_=MFKFPP#HFEJGRKRYT#=P#>FMT#URUQKDM#DGB#QPFNQK#HJFPF#BDTP#DGB# UMR>=BFP#ZR^=K=HT#HR#HJF#QPFMP#NKT=GY#MFYQKDMKT#NMRZ#RGF#UKDEF#R#DGRHJFMV#
ef{h ij||}i8}~,l}9~ 3|,
xV@ DUUDURMHs#nJFRBRMF#XV#[ yV## O O O O O O O OtFDMPRG#tMFGH=EF#zDKK#RN#LGB=D#vtzL?# [V@ XZ=HJs# =EJDMB# F=HJV#[ 1V## O O O O O V##nDHD#qEuMD_`z=KK#tQ^K=EDH=RG# cV@ tDKDG=>FKQ##DGB#oDppFFMDGV#[ V## O O O ##tzL# ¡FDMG=GY#t>HV#¡HB# 2V@ XEJ=KKFMs#¢REJFG#zV#[ cV##,£¤¥¦§¨© V##ABB=PRG`#dFPKFT# tQ^K=EDH=RGP# yV@ XEJ_DMHªs#q=PEJDV#[ yV## O O O #tMFPP# XTGB=EDHF#RN#HJF#«G=>FMP=HT#RN#IDZ^M=BYF# 1V@ ¬=CDT# V#uDMYs#FHKV#d=MFKFPP#IRZZQG=EDH=RG#s#tFDMPRG# V@ ___V_=p=UFB=DVRMY# 12#
0!
9:; <=>??@ABCD$E@??@>F:$GHHI$$JKLMNMOOPQRSSTUKVWXKRUOPWUYPZMX[RL\OD$]^>_C`A$ abcd>=@`A$eAb@>$
fghi jklmn5k6j.o.p6j/qrj.
56789*+,7-96.79./-801022. 36*.495-10.60779882
s.....tu0,8.v9+8.w89x8022.y.
z:; $ $ $ $ $ G:;
@{$ |>?C^$ @@{$ }_c^$ @@@{$ }_c^$ @~{$ |>?C^$ ~{$ |>?C^$ ~@{$ |>?C^$ ?c^=``= $ `_ C$`A$>b `d$F`b^$@A$ @d $= ^$A^= `_ $@C$ `_F^b$ c@d ? $>Ab$@C$ ` $=^F `_>_ $ >C@C:$ ?c^=``= $=^d A`?`B $@C$d_^>=^b$ $>$=^?^d`F$d`F >A $ d>??^b$a_@dCC`A$@A$zII :$e=$ >C$b^~^?` ^b$@A$`_b^_$=`$d`AA^d=$= `$b^~@d^C$ @= `c=$ @_^C:$} ^$_>AB^$@A$ @d $ ?c^=``= $=^d A`?`B $ `_ C$@C$` $zH$F^=^_C$ `_$ H$ ^^=$> _` {$`A? :$} ^$A>F^$ ?c^=``= $@C$> =^_$=^A= d^A=c_ $ @AB$ >_>?b$e$` $ ^AF>_ $>Ab$ >_=C$` $ `_ > $ `$cA@=^b$ >A@C $=_@ ^C$@A=`$>$ C@AB?^$ @ABb`F:$} ^$@F ?@d>=@`A$@C$= >=$ ?c^=``= $b`^C$= ^$C>F^$ @= $ d`FFcA@d>=@`AC$ _`=`d`?CD$cA@=@AB$= ^F$@A=`$`A^$cA@~^_C>?$C=>Ab>_b:$ $ ?c^=``= $ `_ C$`A$G: $ $e< $ >Ab$ eAbcC=_@>?D$<^d@^A=@ @d$>Ab$ ^b@d>?$ >Ab{$ @d $b@~@b^C$= ^$b>=>$@A=`$ >_=C$>Ab$C^AbC$@=$`A$c $=`$ I$ >AbC:$e=$cC^C$ |_^ c^Ad $ ` @AB$< _^>b$< ^d=_cF$ | <<{$ @= $}@F^$ @~@C@`A$ c ?^ @AB$ } {$=^d A@ c^$>=$= ^$_>=^$` $z2HH$ ` C C^d:$ `_^`~^_D$= ^$F`bc?>=@`A$ =^d A@ c^$^F ?` ^b$@C$ c>CC@>A$|_^ c^Ad $< @ =$ ^ @AB$ |< {$ @d $ >C$= ^$ `A? $>~>@?> ?^$F`bc?>=@`A$=^d A@ c^$>=$= ^$=@F^$` $ ?c^=``= :$ >=>$_>=^$@C$ >_`cAb$zG9$ C$ ^B>$ @=C$ ^_$<^d`Ab{$>Ab$d>A$Cc `_=$c $=`$9$b^~@d^C$ C@Fc?=>A^`cC? $@A$ >C=^_ <?>~^$F`b^:$ ?c^=``= $ >C$~^_C@`AC$C=>_=^b$ _`F$ ~^_C@`A$z:H$=`$~^_C@`A$ :H:$$ $ :; `_b?^CC$}^?^ `A^$C C=^F$d`AC@C=C$` $>$?>Ab?@A^$=^?^ `A^$ @d $@C$>$ @ ^b$ `_=:$} @C$?>Ab?@A^$@C$d`AA^d=^b$=`$= ^$=^?^ `A^$^ d >AB^$d>??^b$]c ?@d$ < @=d ^b$}^?^ `A^$ ^= `_ $ ]<} {:$} ^$?>Ab?@A^$=^?^ `A^$ >C$>$ @_^?^CC$ `_$d`_b?^CC{$ >AbC^=$ @d $@C$d`AA^d=^b$=`$= ^$?>Ab?@A^$=^?^ `A^$= _`cB $>$ _>b@`$?@A :$} ^_^ `_^D$= _`cB $= @C$d`_b?^CC$C C=^FD$= ^$cC^_$ >C$= ^$ _^^b`F$=`$ F`~^$ @?^$`A$>$d>??:$ c=$= @C$ >C$>$_>AB^$`_$b@C=>Ad^$?@F@=>=@`A$ @d $@C$>_`cAb$ ^ $=^AC$` $F^=^_C$`A? :$
s.....tu0,8.v9+8.w89x8022. .
z:; @{$ }_c^$ @@{$ |>?C^$ @@@{$ }_c^$ @~{$ |>?C^$ @~{; |>?C^:$ $ $ $ G:; `F >_@C`A$ ^= ^^A$z D$G D$G:3 $>Ab$ $ !
23$
34 678459*++74 4,+05*8449+ 279534 034 51--. +88859/609/45+051+ 279;34 :0 74+45/56+ +
11"
" " <=+ >=+ >?@=+ A=+ CDDF" GFFF" HIJKL"GFFM" B59441.671+/5+ CDEF" ;704" 34--.5/609/45+PQLRSQJ" PQLRSQJ" XYJV"Z[R\KJ"[]W" Z[R\KJ" TUQJRVKW" TUQJRVKW" PQLRSQJ"TUQJRVKW" TUQJRVKW" N79O41+ eQ`QJ[_" N41.909/45+ H][_Y`" eQ`QJ[_" eQ`QJ[_" 776O5/^.7+ aLKbSK]Rc" dYWS_[JQY]" dYWS_[JQY]"[]W" dYWS_[JQY]" TVQIJ"fKcQ]`" []W"TVQIJ" dYWS_[JQY]"" fKcQ]`" XYJV"iYQRK" iY Q R K " XY J V " iY Q R K " XY J V " iY Q R K " [ ] W " g74h/67*+ jKLkQRK"Y]_c" []W"e[J[" e[J["jKLkQRKj" []W"e[J[" jKLkQRKj" UQJV"I[jJKL"W[J[" jKLkQRKj"UQJV" I[jJKL"W[J[" L[JKj" L[JKj" ec][lQR" eKWQR[JKW" ec][lQR" ec][lQR" 3O05579+ PV[]]K_" 8**/65-759+ aLKbSK]Rc" PV[]]K_" PV[]]K_" PV[]]K_" HjjQ`]lK]J" HjjQ`]lK]J" HjjQ`]lK]J" veqv"[]W"wm n"oedH" n"oedH" g9051041*+ m" TJ[]W[LWj"p" TJ[]W[LWj"p" PedH" qTdr"ZePr" tTPTer"qZuT" sT"Cn1"[]W"C"[]W"veqv" PedH" TJ[]W[LW" " nxy qTd"]KJUYL\"RY]jQjJj"YI"jKkKL[_"RYlzY]K]Jj"UVQRV"[LK"[j"IY__YUj{" " dY|Q_K"TJ[JQY]"}dT~"m"oVQj"Qj"JVK"WKkQRK"UVQRV"Qj"SjKW"|c"JVK"qTd"SjKL"[]W"Qj" zYLJ[|_Kr"jl[__r"_Q`VJmUKQ`VJ"[]W"V[]WmVK_Wx" " X[jK"oL[]jRKQkKL"TJ[JQY]"}XoT~"m"sJ"Qj"JVK"RK__"JYUKL"UVQRV"Qj"_YR[JKW"Y]"JVK" LYYI"|c"JVK"jKLkQRK"zLYkQWKLj"JY"zLYkQWK"]KJUYL\"JY"QJj"SjKLjx"H"XoT"Qj" RY]]KRJKW"JY"dT"|c"UQLK_Kjj"L[WQY"_Q]\jx" " X[jK"TJ[JQY]"PY]JLY__KL"}XTP~"m"oVQj"RY]JLY_j"Y]K"YL"lYLK"XoT"[]W"Qj" RY]]KRJKW"JY"JVKlx"oVQj"RY]]KRJQkQJc"Qj"JVLYS`V"UQLKjx""XoT"[]W"XTP"JY`KJVKL" R[__KW"X[jK"TJ[JQY]"}XT~x" " dY|Q_K"TUQJRVQ]`"PK]JLK"}dTP~"p"H"dTP"Qj"RY]]KRJKW"JY"]Sl|KL"YI"XTP"[]W" l[][`Kj"JVK"R[__"LYSJQ]`"zLYRKjjx" " HSJVK]JQR[JQY]"PK]JLK"}HSP~"p"HSJVK]JQR[JQY]"PK]JLK"Qj"LKjzY]jQ|_K"IYL" [SJVK]JQR[JQ]`"["_K`QJQl[JK"SjKL"}jS|jRLQ|KL~"[]W"[_jY"zLYkQWKj"CGEm|QJ" [SJVK]JQR[JQY]"\Kc"JY"SjKLx" " tYlK" YR[JQY]"uK`QjJKL"}t u~"p"oVQj"Qj"["W[J[|[jK"UVQRV"jJYLKj"JVK"SjKL j" Q]IYLl[JQY]"[]W"QJj"_YR[JQY]"Q]IYLl[JQY]x"oVQj"zLYkQWKj"SjKL"[]"sdTs" }s]JKL][JQY][_"dY|Q_K"TS|jRLQ|KL"sWK]JQJc~"]Sl|KL"JY"QWK]JQIc"QJj"SjKLx"s]"YJVKL" UYLWjr"JVK"[LK["JY"UVQRV"["jS|jRLQ|KL"|K_Y]`j"Qj"j[kKW"Q]"t ux" " iQjQJYL" YR[JQY]"uK`QjJKL"}i u~"p"oVQj"W[J[|[jK"RY]J[Q]j"JVK"Q]IYLl[JQY]"[|YSJ" jS|jRLQ|KL"UVY"kQjQJKW"JVK"[LK["YI"["z[LJQRS_[L"dTP"[]W"jJYLKj"JVK"sdTs"]Sl|KL" JKlzYL[LQ_cx" " zKL[JQY]"d[Q]JK][]RK"PK]JKLj"} dP~"p"oVK"YzKL[JQY]"YI"K[RV"dTr"XoTr"XTP" []W"dTP"Qj"lY]QJYLKW"[]W"l[Q]J[Q]KW"|c"JVQj"RK]JLKx"
0!
$
56789*+,7-96.79./-801022. 9:;<=>?;@>$AB@CD?DE$FGB:H@$I9AFJ$K$LM?<$?<$N$>@OGPN;H@$Q2R$G>$STR$=M?U$IG>$N$ 36*.495-10.60779882
<ONHH$<ON>D$=N>BJ$VM?=M$N$<@>P?=@$U>GP?B@>$U>GP?B@<$DG$?D<$<:;<=>?;@>W$AD$?<$:<@B$ ?C$F9$DG$N==@<<$DM@$X9F$<@>P?=@<$H?R@$=NHH?CYZ$O@<<NY?CY$@D=W$ $ [:;H?=$\@DVG>R<$K$LM?<$=GC<?<D<$G]$C@DVG>R<$H?R@$[9L\$I[:;H?=$9V?D=M@B$ L@H@UMGC@$\@DVG>RJZ$^NDN$\@DVG>RZ$A9^\$IACD@Y>ND@B$9@>P?=@<$B?Y?DNH$ \@DVG>RJ$DG$VM?=M$F9_$?<$=GCC@=D@BW$ $ `@HGV$Y?P@C$a?Y:>@$QQ$?<$DM@$N>=M?D@=D:>@$G]$X9F$=GCDN?C?CY$NHH$DM@$N;GP@$ B@<=>?;@B$=GOUGC@CD<W$X9F$=GOO:C?=ND?GC$GU@>ND@<$GC$bcc$FdefQgcc$Fde$ <DNCBN>B<$NCB$:<@<$D@=MC?h:@<$H?R@$a^^$Ia>@h:@C=E$^?P?<?GC$^:UH@i?CYJ$NCB$ L^Fj$IL?O@$^?P?<?GC$F:HD?UH@$j==@<<JW$
k.....lm0,8.n9+8.o89p8022.q.
QWr _GB@$^?P?<?GC$F:HD?UH@$j==@<<$?<$N$O:HD?UH@$N==@<<$;N<@B$D@=MCGHGYE$VM?=M$ U>GP?B@<$QWTs$Fde$;NCBV?BDM$U@>$=N>>?@>W$AD$>@:<@<$]N=DG>$Q$Ia?Y:>@$QTJ$VM@>@$ N<$X9F$>@:<@<$]N=DG>$G]$3Z$_^Fj$?<$NPN?HN;H@$GC$GU@>ND?CY$]>@h:@C=E$tscZ$gccZ$ Qbcc$FdeW$AD$:<@<$uvAF$_N>B$NCB$U>GP?B@<$?CM@>@CDHE$<:U@>?G>$>@=@?P@$ <@C<?D?P?DE$INUU>GiW$wQTQ$B`JW$AC$_^FjZ$DM@>@$?<$N$D>NB@G]]$;@DV@@C$_NUN=?DEZ$ _GP@>NY@$NCB$x:NH?DEW$AD$:<@<$U>@=?<@$UGV@>$=GCD>GH$NHYG>?DMO<$VM?=M$ O?C?O?e@<$?CD@>]@>@C=@W$AD$MN<$O:HD?UH@$B?P@><?D?@<$H?R@$?D$>@=@?P@<$<UND?NH$ B?P@><?DE$DM>G:YM$DVG$>@=@?P@$NCD@CCN<Z$UNDM$B?P@><?DE$DM>G:YM$>NR@$>@=@?P@><Z$ ]>@h:@C=E$B?P@><?DE$DM>G:YM$<U>@NB$<U@=D>:O$NCB$D?O@$B?P@><?DE$DM>G:YM$ ?CD@>H@NP?CYW$AC$_^FjZ$@N=M$:<@>$MN<$N$:C?h:@$[\$I[<@:BG$\G?<@J$=GB@W$yN=M$ :<@>$D>NC<O?D<$?D<$?C]G>OND?GC$DG$GDM@>$:<@><$;E$<U>@NB?CY$V?DM$:C?h:@$=GB@W$ _^Fj$D@=MCGHGYE$:<@<$^?>@=D$9@h:@C=@$9U>@NB$9U@=D>:O$I^999J$?<$:<@BW$ vCH?R@$GDM@>$=@HH:HN>$D@=MCGHGY?@<$H?R@$X9FZ$@N=M$:<@>$?<$<@UN>ND@B$;E$N$=GB@$ CGD$;E$D?O@$<HGD$NCB$]>@h:@C=E$<HGDW$FG>@GP@>Z$@N=M$:<@>$<MN>@$DM@$<NO@$ ;NCBV?BDM$N<$DM@$[\$=GB@$<@UN>ND@<$NCB$?<GHND@<$@N=M$:<@>$NCB$DM@>@]G>@$ U>@P@CD<$]G>O$?CD@>]@>@C=@W$v<@>$Ni?<$<MGV<$=:O:HND?P@$<?YCNH$<D>@CYDM$G]$NHH$ :<@><W$
z-p+80.{|}..l9*0.~- -2-96.4+17- 10. ,,022. l~4 .z80 +06, . 119,37-96.
$
TWr aGHHGV?CY$N>@$DM@$NBPNCDNY@<$NCB$B?<NBPNCDNY@<$G]$_^Fj$w$$ jBPNCDNY@<$G]$_^Fj$?C=H:B@ $ r AC=>@N<@B$=@HH:HN>$=GOO:C?=ND?GC<$<@=:>?DEW$ r 9?O:HDNC@G:<$=GCP@><ND?GC<W$ r AC=>@N<@B$@]]?=?@C=EZ$O@NC?CY$DMND$DM@$=N>>?@>$=NC$<@>P@$OG>@$<:;<=>?;@><W$ r 9ONHH@>$UMGC@<W$ r GV$UGV@>$>@h:?>@O@CD<$NCB$H?DDH@$=@HHwDGw=@HH$=GG>B?CND?GC$C@@B@B$;E$ GU@>NDG><W$ !
23$
45 78956*+,,85 5-,16+955*, 38*645 145 62../ ,9996:071*056,162, 38*<45 ;1 85,56067, ,
?@ABCDBD#EBFGH#I#JBCBKLGLFM#AN#EOEFM#OPBEP#PLAOFABD#KFE#KENQ#GBMMPR# SPBP#TLEBGA#UBVOBCGB#UWEBFD#UWBGAEOQ#XTUUUY#ABGHCNMNZ[# \EN]LDBP#PNKA#^#PNKABE#HFCDNKK#NK#F#OPBE#GENPPLCZ#JBA_BBC#GBMMOMFE#EBZLNC# SPBP#EF`B#EBGBL]BE# aFP#F#]FELFJMB#EFAB#]NGNDBE## \EN]LDBP#HLZH#VOFMLA[#]NLGB#AN#LAP#OPBEP# aFP#WN_BE#GNCAENM# bL]BP#JBAABE#GN]BEFZB#FEBF#CBA_NE`# aFP#F#]BE[#PLQWMB#CBA_NE`#WMFCCLCZ#NK#GBMMP# \EN]LDBP#PQNNAH#QLZEFALNC#AN#cb#FCD#AHB#NWBEFANEdP##JBCBKLA#LP#WENABGABDR# TLPFD]FCAFZBP#NK#eTfg#LCGMODBh# => TOB#AN#LAP#WENWELBAFE[#CFAOEBi#FMM#NK#eTfgjP#KMF_P#FEB#CNA#`CN_C#AN#AHB# BCZLCBBELCZ#GNQQOCLA[R# => eTfg#LP#EBMFAL]BM[#CB_i#FCD#AHB#CBA_NE`#LP#CNA#FP#QFAOEB#FP#bUfR# => eTfg#GFCCNA#NKKBE#LCABECFALNCFM#ENFQLCZi#F#MFEZB#bUf#FD]FCAFZB# => => => => => => => => => =>
k,,,,,4l876,m5/5,n55758++,o,
pR> LY# qFMPB# LLY# rEOB# LLLY# qFMPB# L]Y# qFMPB# L]Y> qFMPBR# sR> tuvtwxyyz{|}y~z z zy z|LP#GFOPBD#DOB#AN#AHB#KEBVOBCG[#EBOPB#WHBCNQBCNC#FP# AHB#JFPB###PAFALNCP#_HLGH#FEB#NWBEFALCZ#FA#AHB#PFQB#KEBVOBCG[#GFOPBP# LCABEKBEBCGBR#gP#DBPGELJBD#FJN]B#AHB#GNCGBWA#NK#KEBVOBCG[#EBOPBi#BFGH#GBMMP#HFP# JFPB#PAFALNCP#_HLGH#FEB#NWBEFALCZ#NC#KEBVOBCGLBPR#rHLP#LCABEKBEBCGB#DBZEFDBP#AHB# EBGBL]BE#WBEKNEQFCGB#FP#AHB#PLZCFM#FEEL]BP#KENQ#JNAH#LCABCDBD#AEFCPQLAABE#FCD# OCDBPLEBD#AEFCPQLAABE#_HLGH#LP#NWBEFALCZ#NC#PFQB#KEBVOBCG[R# | x zy~|twxyyz{|}y~z z zy z|LP#GFOPBD#J[#B@AEFCBNOP#WN_BE#KENQ#F#PLZCFM#LC# FC#FD FGBCA#GHFCCBM#FCD#LP#GFOPBD#DOB#AN#AHB#JFPB#PAFALNCP#_HLGH#FEB#NWBEFALCZ# FA#FD FGBCA#KEBVOBCGLBPR#rHB#EBFPNC#JBHLCD#AHLP#LCABEKBEBCGB#GFC#JB#LCFDBVOFAB# KLMABELCZi#LQWENWBE#AOCLCZ#NE#WNNE#KEBVOBCG[#GNCAENMR#rHLP#GFC#JB#HFCDMBD#J[# FWWM[LCZ#AHB#ABGHCNMNZLBP#ML`B#WENWBE#GHFCCBM#FPPLZCQBCA#FCD#GFEBKOM#KLMABELCZR# TFAF#?CGE[WALNC#UAFCDFED#XT?UY#LP#F#P[QQBAELGI`B[#JMNG`#GLWHBE#WOJMLPHBD#J[# AHB# FALNCFM# CPALAOAB#NK#UAFCDFEDP#FCD#rBGHCNMNZ[#X UrY#LC#p R#T?U#HFP# JBBC#AHB#QNPA#_LDBM[#OPBD#P[QQBAELGI`B[#JMNG`#GLWHBE#PLCGB#LAP#WOJMLGFALNCR# cR> tz{{| z ~u y # #gP#AHB#CFQB#POZZBPAPi#F#PLCZMB#GBMM#LP#DL]LDBD#LCAN#PQFMM#PBGANEP# FA#FCZMB#NK#ps #DBZEBB#NE#1 #DBZEBBR# HBC#F#GBMM#LP#PBGANEBD#LCAN#AHEBB#PQFMM# GBMMPi#AHLP#PBGANELCZ#LP#GFMMBD#ps #DBZEBB#PBGANELCZR# HBC#F#GBMM#LP#PBGANEBD#LCAN# PL@#PQFMM#GBMMPi#AHLP#PBGANELCZ#LP#GFMMBD#1 #DBZEBB#PBGANELCZ#XqLZOEB#p #^#p1YR# rHLP#LP#FC#FCNAHBE#_F[#NK#LQWEN]LCZ#GFWFGLA[#NK#F#WFEALGOMFE#GBMMR#fNEBN]BEi#ps # DBZEBB#PBGANELCZ#EBDOGBP#GNIGHFCCBM#LCABEKBEBCGB#FP#AHB#FCABCCFP#OPBD#LC#AHB# ABGHCNMNZ[#FEB#DLEBGALNCFM#FCABCCFP#FCD#CNA#NQCLIDLEBGALNCFM#FCABCCFR#
12#
0! ,7-96.79./-801022. 9:;<=>:?@AB$A@><@@A$C:D@ABC$A;<$E:;<=><E$:@$>F<$GA;>:=HBA;$E:;<=>:?@$IF<;<$AC$A@$ 5673869**+.49 5-10.60779882 JK@:LE:;<=>:?@AB$A@><@@A$C:D@ABC$A;<$E:;<=><E$:@$ABB$E:;<=>:?@C$<MHABBNO$$
!
23$
3456789*4+ 34,,-5.6/9.45/50 1792434.55
61789 1:8;<=>?:36=78@ ?93-69-37 CDE FGHIJKLMHNJGHJOPMLINHQ CDS TUVPMHNWPX CDY ZQ[PXJ\OPMLINHQ
CDYDS ][[^NM_HNJGOPMLINHQ CDYDY `Ja[LHPIOPMLINHQ CDYDb c_H_OPMLINHQ CDYDC FG\JIa_HNJGOPMLINHQ CDYDd ePHfJIgOPMLINHQ
A/5714*B RE RS RS
CDb ePPKJ\OPMLINHQ CDC OPMLINHQOPIWNMPX
RY Rb
CDd ]LHiPGHNM_HNJG_GKmINW_MQ CDl n^JMg`N[iPI_GKOHIP_a`N[iPI CDR mLU^NM_GKmINW_HPoPQ`IQ[HJhI_[iQ CDq FGHIJKLMHNJGHJkO]rcsO_GKtcd CDp OLaa_IQ CDSE OLhhPXHPKkP_KNGh CDSS OJ^LHNJGXu]GXfPIX
RC RR Rp qS qC qC qd
CDCDS `JG\NKPGHN_^NHQ CDCDY ]W_N^_UN^NHQ CDCDb FGHPhINHQ CDCDC ]LHiPGHNM_HNJG CDCDd eJGjkP[LKN_HNJG CDCDl THiPIOPIWNMPX
9Bv 718=<w6387<18<?:36=78@
xXPJ\HPMiGJ^JhQ_aJGh[PJ[^PNXNGMIP_XNGhK_QUQK_QDOLMiHPMiGJ^JhNPX_IP `Ja[LHPIXrFGHPIGPHyJIePHfJIgzrtJUN^P[iJGPr{_[HJ[XrZ_U^PHXr|_IKjKNXgPHMD ZiPXPHPMiGJ^JhNPXi_WPNGHPIG_^_GKP}HPIG_^aPaJIQfiNMiMJGH_NGXP^PMHIJGNMK_H_D ZiNXK_H_M_GUPMJG\NKPGHN_^r[LU^NMJI[INW_HPDeJfrHiPXPMLINHQJ\XLMiK_H_ UPMJaPXa_GK_HJIQ\JI_^^LXPIXXJ_XHJ[IPWPGHNH\IJa_GQ\JIaJ\_HH_MgfiNMiM_G a_gPHiNXK_H_MJIIL[HPKDZiPIP\JIPrOPMLINHQNX_WPIQPXXPGHN_^[_IHJ\K_QjHJjHJK_Q _MHNWNHNPXDeJfrfPfN^^XH_IHfNHiKP\NGNGhHiPHPIa~OPMLINHQ D OPMLINHQM_GUPKP\NGPKUQHiP\J^^JfNGhXH_HPaPGHX HiPXH_HPJ\UPNGhXPMLIP [IPM_LHNJGXH_gPGHJPGXLIP_h_NGXHHiP\HrPX[NJG_hPrPHM [IJHPMHNJGJ\_XXPHX \IPP\IJaK_GhPIJI_HH_MgJIHiIP_H \JIaJ\[IJHPMHNJG TWPI_^^rOPMLINHQPGXLIPXHi_H_^^[IJMPXXPXfJIg_XP}[PMHPKDFHNXHiPaJXHMINHNM_^ \_MHJI_GKi_XaNGNa_^XH_GK_IKfiNMiXiJL^KUPa_NGH_NGPKUQ_GNGKNWNKL_^JI JIh_GN _HNJGDZiNXUINGhXIP^N_UN^NHQrX_\PHQ_GK_XXLI_GMPJ\UPNGh[IJHPMHPKD FGHiNXLGNHrQJLfN^^UPNGHIJKLMPKHJHQ[PXJ\XPMLINHQ_GKNHXXPIWNMPX^NgP `JG\NKPGHN_^NHQr]W_N^_UN^NHQrFGHPhINHQr]LHiPGHNM_HNJGr_GKeJGjkP[LKN_HNJGPHMDFG _KKNHNJGrQJLfN^^UPNGHIJKLMPKHJHiPMJGMP[HXJ\`IQ[HJhI_[iQ_GK`IQ[HJ^JhQ fiNMi\LIHiPIKP\NGPHiPf_QNGfiNMiPGMIQ[HNJG_GKKPMIQ[HNJGM_GUPKJGPD]^XJr mLU^NM_GKmINW_HPoPQ`IQ[HJhI_[iQ_IPNGHIJKLMPK_H^_HPIXH_hPXD NG_^^QrfPfN^^ KNXMLXX_UJLHHiPmLU^NM_GKmINW_HPoPQ`IQ[HJhI_[iQ_^hJINHiaX^NgPkO]rcsO_GK tcdD 12
/01 234567895*
456789)*5+,9-6.
:;<=>?@AB?<C>@D?C<CAEDBA<F@DGAHHI=JIH=<@K L M=;AB=<C=N=OD>A<FJBMA<E<FP=EQ L M=;AB=<C=N=OD>A<FN=>RAO=EQ L MAEODEESH@OTOAPC=>JBMN<>=JUVAPC=>Q L M=;AB=<C=M=;AB=<C=V>FP<@?>JPCFJBMV>FP<@H@?F L M=;AB=WDIHAOJBMW>ARJ<=X=FV>FP<@?>JPCFQJBM L Y=;AB=ZN:[Y\NJBM]Y^_
/0` 7ab5*2c*56de87a
fB;@>UJ<A@Bg=OCB@H@?FhfgiN=OD>A<FjO@BEAE<E@;;@HH@GAB?<FP=EK 2_ :PPHAOJ<A@BE=OD>A<F[ k_ V@UPD<=>E=OD>A<F[ l_ YJ<JE=OD>A<F[ m_ fB;@>UJ<A@BE=OD>A<F ^_ n=<G@>TE=OD>A<F
/0`01 oppq-+r6-8s*5+,9-6.
:PPHAOJ<A@BE=OD>A<FP>=R=B<EJ<<JOTJBMRDHB=>JIAHA<A=E@BJBJPPHAOJ<A@B_gCAE JPPHAOJ<A@BOJBI=JU@IAH=JPPHAOJ<A@B@>JBF@<C=>JPPHAOJ<A@BEDOCJEG=I JPPHAOJ<A@B=<O_gC=E=OD>A<F@;JBJPPHAOJ<A@B>=UJABE<C>@D?C@D<A<EHA;=OFOH=;>@U ABA<AJHPCJE=<@A<E>DBBAB?PCJE=h@>JPPHAOJ<A@BPCJE=iJBM@BUJAB<=BJBO=PCJE=<@@_
/0`0` 68tp,659*5+,9-6.
V@UPD<=>E=OD>A<FAEJI@D<E=OD>AB?JO@UPD<=>EFE<=UhY=ET<@P@>uJP<@P=<Oi@>J C@E<_gCAE<FP=@;E=OD>A<F=BED>=EJO@UPD<=>RA>DE;>==GA<C<C=C=HP@;JBJB<AvRA>DE E@;<GJ>=_]@>=@R=>[JO@UPD<=>EC@DHMDE=?=BDAB=JBMDPMJ<=ME@;<GJ>=JBM CJ>MGJ>=_:HE@A<EC@DHMI=P>@<=O<=MGA<CJPJEEG@>M_gCAE<FP=@;E=OD>A<FAEJ;@>U @;O@UPD<=>E=OD>A<F_
/0`0w xr6r*5+,9-6.
YJ<JN=OD>A<FABR@HR=EE=OD>A<F@;=H=O<>@BAOMJ<JGCAOCAEP>=E=B<@BJBFCJ>MvMAETEy E=O@BMJ>FE<@>J?==A<C=>@;O@UPD<=>EFE<=U@>@BB=<G@>T[@BE=>R=>[=<O_NDOC E=OD>A<FOJBI=AUPH=U=B<=MIFDEAB?PJEEG@>ME[O>FP<@?>JPCFh<C>@D?C=BO>FP<A@B JBMM=O>FP<A@Bi[IA@U=<>AOJD<C=B<AOJ<A@B[@><C>@D?CJOO=EEO@B<>@HHAE<=<O_
/0`0/ 8sz89tr6-8s*5+,9-6.
fB;@>UJ<A@BN=OD>A<FAEM=;AB=MJEP>@<=O<A@B@;AB;@>UJ<A@BJBMAB;@>UJ<A@B EFE<=UE;>@UDBJD<C@>A{=MJOO=EE[DE=[MAEOH@ED>=[MAE>DP<A@B[U@MA;AOJ<A@B[P=>DEJH[ ABEP=O<A@B[>=O@>MAB?@>M=E<>DO<A@B_gCAEABR@HR=EE=OD>A<F@;=H=O<>@BAOMJ<JGCAOCAE P>=E=B<@BJBFMJ<JIJE=@>;AH=ABJBF=H=O<>@BAOU=U@>F_|YJ<JN=OD>A<F}JBM |fB;@>UJ<A@BN=OD>A<F}J>=DE=MAB<=>OCJB?=JIHFJBMJ>=JHU@E<EAUAHJ>_ 12
3456789*4+ 34,,-5.6/9.45/50 1792434.55
67879 1792434:76-3.9;
<=>?@ABC=DEAF>G>HB=IDHA=@JHK=>?@ABLF>IHII@DFH>=MNA@D=II=IHKMHFOI>@I=DEA= F>PQRFIK=>?@ABDHKS=HK@ATHKFUH>F@KHVWD@ONHKGFK>=AKHVK=>?@AB@AHKG=X>=AKHV K=>?@ABPYVVMH>H?RFDRFID@OFKTFKIFM=>R=K=>?@ABHKMT@FKT@E>IFM=>R=K=>?@AB FIHKHVGU=MHKMO@KF>@A=M>@B==N>R=K=>?@ABMHKT=AJA==PZ@A=@[=AL=[=AGNA@D=II ?RFDRFINHA>@J>R=K=>?@ABFIHVI@O@KF>@A=MP
\ 3]764^4-3_34537**`
aP :9/97b3-743c/d*7 He <H>F@KHVC=DEAF>GFINHA>@JZ@K=>HAGC=DEAF>GP Se <=>?@ABC=DEAF>GO@KF>@AIMH>HFKD@OFKTFKIFM=HK=>?@ABHI ?=VVHIT@FKT@E>IFM=>R=K=>?@ABP De fKJ@AOH>F@KHKMMH>HI=DEAF>GHA=HVO@I>>R=IHO=>GN=@J I=DEAF>GP Me YNNVFDH>F@KI=DEAF>GLg@ONE>=AI=DEAF>GLhH>HI=DEAF>GLHKM <=>?@ABI=DEAF>GiHVV>R=I=HA=NHA>@JfKJ@AOH>F@KI=DEAF>GP =e YNNVFDH>F@KV=[=VI=DEAF>G>HVBIM=HVI?F>RHVV>R=HNNVFDH>F@K@J O@SFV=L?=S=>DP Je fKJ@AOH>F@KC=DEAF>GM=HVI?F>RFKJ@AOH>F@KNA=I=K>H>K=>?@AB @KVGP jP h=JFK=C=DEAF>GFKG@EA@?K>=AOIk llllllllllllllllllllllllllllllll llllllllllllllllllllllllllllllll llllllllllllllllllllllllllllllll llllllllllllllllllllllllllllllll mP n@?D@ONE>=AI=DEAF>GHKMMH>HI=DEAF>GMFJJ=AJA@O=HDR@>R=Ak llllllllllllllllllllllllllllllll llllllllllllllllllllllllllllllll llllllllllllllllllllllllllllllll
67o 1ppqrc:p3stub^
QR=vE=I>F@K?RFDRHAFI=IR=A=FI?RG>R=A=FIHK==M@JI=DEAF>GkQR=J@VV@?FKT [EVK=AHSFVF>F=INA@>=D>F@KIHA=>R=HKI?=A>@>R=vE=I>F@Kw x Q@FI@VH>=MH>HJA@OT=>>FKTRHDB=MLD@AAEN>=MLEKHE>R@AFU=MHDD=IIL EKHE>R@AFU=MO@MFJF=MLEKHE>R@AFU=MM=V=>=M=>D x Q@OHFK>HFKD@KJFM=K>FHVF>GLH[HFVHSFVF>GHKMFK>=TAF>G@JMH>H x Q@NA=[=K>=V=D>A@KFDOHFVJA@OT=>>FKTRHDB=MHKMEKHE>R@AFU=MHDD=II x Q@NA@>=D>=HIGNHII?@AMIHKMNFKIS=FKTDAHDB=M
x Q@=AHMFDH>=[EVK=AHSFVF>F=Iy?=HBK=IIeFK>R=IGI>=O@AMH>H 12
/0/ *1234567*148521*
456789)*5+,9-6.
9:;<=><?;;@><A;B>?C>DE;@>B>:?F;:>=@GH:><DEFHF?F>I;JDIKI?>B;<=D?D;< :>?L;<M>?AN?C><>D<>OBDP;<I>AG<F?KI><@FA>IQRFSG<>TUVW;:JF=>:?FDHF?KN9:?>S<F?KN X@DFHDEFHF?KNY;:Z[>\G=FD?F;:D:=XG?C>:?FAD?F;:LCFACD<>DIJ;HH;LI]
/0/0` 28de-f5d6-gh-6.
^-_,95`a*5+,9-6.*59b-+5c
W;:JF=>:?FDHF?KB>D:IM>>\F:SF:J;<BD?F;:I>A<>?J<;BG:DG?C;<Fi>=DAA>IID:=FI \<;EDEHK?C>B;I?A;BB;:DI\>A?;JF:J;<BD?F;:I>AG<F?Kj9?FIFB\;<?D:??;\<;?>A? A;:JF=>:?FDHF:J;<BD?F;:jX:;<SD:FiD?F;::>>=I?;SGD<=DSDF:I??C;I>BDHFAF;GI DA?F;:I?CD?>:=D:S><?C>A;:JF=>:?FDHF?K;JF?IF:J;<BD?F;:jR;<>kDB\H>ND:DAA;G:? GI><FIDG?C;<Fi>=?;I>>CFIDAA;G:??<D:IDA?F;:;:HF:>D:=:;;?C><DAA;G:?GI><AD: DAA>II?CFI=D?DDIF?FIA;:JF=>:?FDHj
/0/0l 5d65_9-6.
9:J;<BD?F;::>>=I?;E>ACD:S>=A;:I?D:?HKj9:DED:MNLC>:DAGI?;B><=>\;IF?I;< LF?C=<DLIB;:>KN?C>EDHD:A>;J?C>F<DAA;G:?:>>=I?;E>ACD:S>=j9:?>S<F?KB>D:I ?CD?ACD:S>IIC;GH=E>=;:>;:HKEKDG?C;<Fi>=GI><ID:=?C<;GSCDG?C;<Fi>= B>ACD:FIBIjm;<>;@><N?C>ACD:S>IIC;GH=S>?<>JH>A?>=D?DHH?C>>:=I;:LCFAC?C> ACD:S>=F:J;<BD?F;:FIDAA>II>=j
/0/0n obg-hgp-h-6.
qC>?CF<=A;B\;:>:?;JF:J;<BD?F;:I>AG<F?KI><@FA>IFID@DFHDEFHF?KjqC>F:J;<BD?F;: A<>D?>=D:=I?;<>=EKD:;<SD:FiD?F;::>>=I?;E>D@DFHDEH>?;DG?C;<Fi>=GI><ID:= D\\HFAD?F;:Ij9:J;<BD?F;:FIGI>H>IIFJF?FI:;?D@DFHDEH>;DG?C;<Fi>=GI><Ij 9:J;<BD?F;::>>=I?;E>ACD:S>=A;:I?D:?HKNLCFACB>D:I?CD?F?BGI?E>DAA>IIFEH>?; ?C;I>DG?C;<Fi>=?;DAA>IIF?jr:D@DFHDEFHF?K;JF:J;<BD?F;:FIPGI?DICD<BJGH?;D: ;<SD:FiD?F;:DIDHDAM;JA;:JF=>:?FDHF?K;<F:?>S<F?Kj9BDSF:>LCD?L;GH=CD\\>:?;D ED:MFJ?C>AGI?;B><IA;GH=:;?DAA>II?C>F<DAA;G:?IJ;<?<D:IDA?F;:IjqC><>J;<>N F:J;<BD?F;:IC;GH=E>DAA>IIFEH>D:=GI>DEH>G\;:D\\<;\<FD?>=>BD:=EKD: DG?C;<Fi>=GI><D:=D@DFHDEFHF?KFI?C>\<>@>:?F;:;JG:DG?C;<Fi>=LF?CC;H=F:S;J F:J;<BD?F;:j
/0/0/ o,6s5d6-+g6-8d
XG?C>:?FAD?F;:FI?C>\<;A>IIEKLCFACD\><I;:;<;?C><>:?F?K\<;@>I?CD?F?FILC; Q;<LCD?UF?IDKIF?FIjR;<>kDB\H>NDED:MDG?C>:?FAD?>ID\><I;:;<>:?F?K?CD?=>DH E>J;<>?<D:IJ><<F:SI;B>?CF:S@DHGDEH>NIGACDIF:J;<BD?F;:;<B;:>KN?;;<J<;BNF?j XG?C>:?FAD?F;:FIDACF>@>=EK\<>I>:?F:SI;B>G:FtG>F=>:?FJKF:S>:?F?K?;?C> >:=\;F:??CD?FIG:=><?DMF:S?C>\<;A>IIjX:>kDB\H>;J?CFI\<;A>IIFI?C>LDKK;G DG?C>:?FAD?>K;G<I>HJLF?CD:Xqm ZC><>K;GF:I><?K;G<ED:MAD<=QI;B>?CF:SK;G CD@>UD:=>:?><K;G<\><I;:DHF=>:?FJFAD?F;::GBE><Qu9YVu><I;:DH9=>:?FJFAD?F;: YGBE><NI;B>?CF:SK;GM:;LUjX:;?C><>kDB\H>AD:E>?C>DG?C>:?FAD?F;:\<;A>II 12
3456789*4+ 34,,-5.6/9.45/50 1792434.55
6789:;<=;>>7?@ABC@AD<E>;E9FG7?D;H9AD99:;<=;II89EE;@IG7?J@7KAD9 >7889EL7@I<@M;>>7?@AL;EEK78IA7;>>9EEAD9;>>7?@AB
NONOP 145QR78-0./9.45
S7@T89L?I<;A<7@<EAD9L89H9@A<7@769<AD98AD9E9@I9878AD989>9<H98I9@G<@M; A8;@E:<AA9I:9EE;M9BUEGEA9::?EAV9;V=9A7L87H9AD;A>98A;<@:9EE;M9EK989E9@A ;@I89>9<H9IBS7@T89L?I<;A<7@<E76A9@<:L=9:9@A9IVG?E<@MI<M<A;=E<M@;A?89EBW78 9X;:L=9F;?E98UE9@A;:9EE;M9A7?E98YBUA=;A98EA;M9F?E98UED7?=I@7AI9@G76 D;H<@ME9@AAD9:9EE;M9A7?E98YB ZAD98[9>?8<AG[98H<>9\ ]667**345934^ U>>9EE>7@A87=:9;@E>7@A87=76;>>9EEAD87?MD<I9@A<6<>;A<7@;@I;?AD9@A<>;A<7@BU EGEA9:@99IEA7V9;V=9A7<I9@A<6G;@I;?AD9@A<>;A9?E98E678;>>9EEA7I;A;F ;LL=<>;A<7@E;@ID;8IK;89BC@;=;8M9EGEA9:AD989:;GV9;>7:L=9XEA8?>A?89 I9A98:<@<@MKD<>D?E98E;@I;LL=<>;A<7@ED;H9;>>9EEA7KD<>D7V_9>AEB`D<E<EI7@9 AD87?MDU>>9EEa7@A87=b<EAcUabdBW789X;:L=9F;@;>>7?@AD7=I98KD<=9>D9>J<@M D<EI;A;7@=<@9>;@7@=GH<9KI;A;V?A>;@@7A:7I<6G<AB`D<E<EV9>;?E976AD989;E7@ 76;>>9EEM<H9@A7AD9?E987@AD9V;E<E76D<E87=9;@I<I9@A<AGB
e 3f764g4-3h34537**i
jB k9/97l3-743m/^*7 <d a7@6<I9@A<;=<AG:9;@EA7D<I9AD9I;A;687:9H98G7@9B <<d UH;<=;V<=<AG7689E7?8>9E78I;A;I96<@9EAD9E9>?8<AGE98H<>9 nUH;<=;V<=<AGoB <<<d U?AD9@A<>;A<7@<E;V7?AnKD;AG7?J@7Ko;@InKD;AG7?D;H9oB <Hd p@;?AD78<q9I;>>9EE<E;AGL976H?=@98;V<=<AGB Hd r;<@A;<@<@M>7@6<I9@A<;=<AGF;H;<=;V<=<AG;@I<@A9M8<AG76I;A;;89 AD97@976AD9L;8;:9A98E678;89s?<89:9@A76E9>?8<AGB tB u<E>?EE;==AD9L7EE<V=9H?=@98;V<=<A<9EKD<>D>;@V9;AD89;AA7<@678:;A<7@v wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww xB yD;AI7G7??@I98EA;@IVG[9>?8<AG[98H<>9Ev wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww wwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww
NOP ]zl{|1l}3]l}~1]1 hR} ]3g
U?AD9@A<>;A<7@;@I 8<H;>G89698A7AD9L87V=9:E769@E?8<@MAD;A>7::?@<>;A<7@ A;J9EL=;>97@=GV9AK99@;?AD78<q9I;@I;?AD9@A<>;A9I?E98E78AD98<MDAL;8A<9E K<AD7?AI<E>=7E<@M<@678:;A<7@A7?@;?AD78<q9I?E98EB`D989<E:?>D@99I9IE9>?8<AG 12
/0123452675628/09:3781;2365<805/735/;030=92/>37?@348=;0A8::B0;A0587<0/C684 /04?DD852/730=34?DD852/772?95;E239<?F G65<805/735/;0348H9:3/08=/0928>/;644875/;0/43::3@;65/=805/1?/0E5<8648230= @348=;0</4/=805/1/735/;0IE/>/0E37784430=2/E<545;5<86482FJ05</44875/;0IA8A/:: =/476443@;65<;A30365<805/735/;0730@8=;08A/5<5<8<8:9;1/=805/1/735/;0F K,6L5M6-+N6-8MOPQ5M6-R-+N6-8M J=805/1/735/;0/43::3@;65@8/0E3@:85;/=805/1??;6248:15;37;D9658230=/4 3@4;:658:?844805/3:S T GUVI8S@30B/0E/=805/1/8436482A/5<5<8<8:9;1WJX T G778445;8SD3/:I7;D96582377;6054I/=805/1/8436482A/5<5<8<8:9;13 9344A;2= T G778445;9824;03:/01;2D35/;0Y8FEFI45311;2456=8059;253:Z 48MO+8[\,659-Q5M6-R-+N6-8M T ]30B58::82B0;A4?;6@?4/E<5 T ]30B58::827<87B4?;629/756283E3/04539<;5;J^ T ]30B@37B;11/787;D932847<8C684/E0356285;;08;0287;2= T G::8H3D9:84;1@/;D852/7/=805/1/735/;0F _8[\,659PQ5M6-R-+N6-8M T `;AA8/=805/1?3<6D305;37;D96582a T b48203D8cW344A;2=4Y7;DD;0ZI T U;B80I8FEFGUV 732=I T d2?95;E239</792;5;7;:4I T d;D@/035/;04I8FEF5;B8030=9344A;2=I T ]/;D852/74I8FEF1378287;E0/5/;0I1/0E8292/054I30=285/03c/2/447304 e9-fN+. `30=:/0E648292/>37?30=D3/053/0/0E648248762/5?3285;6E<534B45;=;FJ0D;45;1 5<873484I/5/4=;085<2;6E<3587<0/C6873::8=gd2?95;E239<?hF _9.\68i9N\L./4=81/08=34392;7844;17;0>824/;0;19:3/030=283=3@:858H55; 7/9<8230=Y60283=3@:8Z58H573::8=8072?95/;0Fj;28H3D9:8I/0j/E628kI5<89:3/058H5 gJ3D=;/0E@7312;D/E0;6h/47;0>8258=5;7/9<8258H5gl=9E2:Cm81=/629:mC2Hh@? 64/0Ed384327/9<8272?95;E239</73:E;2/5<Dn
456789)*5+,9-6.
o-i,95pqe98+5rr8RsM+9.\6-8M
12
3456789*4+ 34,,-5.6/9.45/50 1792434.55
6763789.4589:;<=>?@<99?A@?BC<>:8BD@8=;<>EBFGB><EFEHI<:<J::?=IE8BEBF ><EFEHI<:<J:K@EII<FF<@>L=:8?BMNOBD8C<BP8DG><QR@8=;<>:<J:STF=D>IUV<AF8G>= IVU>JW89@?BC<>:<F:?=IE8B:<J:SOEXF?8BDH@EA>?X8DB?GWY8:;:;<;<I=?A F<@>L=:8?B=>?@<99N ZI<E9<B?:<[\?:;:;<=>?@<99S]B@>L=:8?BWEBFS^<@>L=:8?BWE><=<>A?>X<FY8:;:;< ;<I=?AE_<LN]8:;<>:;<9EX<_<L89G9<FA?>H?:;<B@>L=:8?BK@EII<F9LXX<:>8@?> =>8CE:<_<L<B@>L=:8?BM?>9<=E>E:<_<L9K?B<A?><B@>L=:8?BEBF?:;<>?B<A?> F<@>L=:8?BME><G9<F@EII<F:;<E9LXX<:>8@?>=GHI8@_<L<B@>L=:8?BN
`.5-37abc3467**4+6763789.45
33789/5/d7*.*89:;<><C<>9<=>?@<99?A@>L=:?D>E=;LNO:X<EB9EBE::E@_<>:>8<9:? A8BF:;<=IE8B:<J:A>?X@E=:G><F@8=;<>:<J:N\G::;<E::E@_<>F?<9:;89Y8:;?G:EBL _<LNe;<_<L899<@G><FEBFE::E@_<>F?<9B?:;EC<EBL_8BF?AE@@<99:?:;<_<LNf< ?BIL;E9:;<@8=;<>:<J:?BY;8@;;<E==I8<9><C<>9<<BD8B<<>8BDN ZI<E9<g?:<[e;<><89EC<>LI8::I<F8AA<><B@<H<:Y<<BS^<@>L=:8?BWEBF Sh>L=:EBEIL989WE98BH?:;:;<@E9<9R:;<E8X89:?_B?Y?>:?A8BF:;<=IE8B:<J: H<;8BF@8=;<>:<J:NOBF<@>L=:8?BR:;<_<L89EIYEL9ECE8IEHI<:?:;<G9<>Y;?YEB:9:? F<@>L=::;<@8=;<>:<J:N\G:8B@E9<?A@>L=:EBEIL989R:;<><89B?9G@;_<LECE8IEHI<:? F<@>L=:@8=;<>:<J:NOB:;8998:GE:8?BR8:89:;<E::E@_<>EBFB?::;<G9<>Y;?YEB:9:? A8BF:;<@8=;<>:<J:SY8:;?G:_<LW8B?>F<>:?H><E_:;<@8=;<>EID?>8:;XY;8@;89G9<F :?@?BC<>::;<=IE8B:<J:8B:?EBGB><EFEHI<@8=;<>:<J:Ne;<XE8BX?:8C<89:?E::E@_ :;<9L9:<XY8:;Y>?BD8B:<B98?B9NOB@E9<?AF<@>L=:8?B=E>:R:;<G9<>G9<9:;<_<L:? F<@>L=::;<=IE8B:<J:EBF:;<><89B?9G@;Y>?BD8B:<B98?BNe;<G9<>Y8:;E_<L89 EIYEL9@?B98F<><FE9>8D;:?>EG:;?>8:8C<=<>9?B:?F<@>L=::;<@8=;<>:<J:8B:?8:9 @?>><9=?BF8BD=IE8B:<J:N 337894d45789:;<@?XH8BE:8?B?Ah>L=:?D>E=;LEBFh>L=:EBEIL989KP8DG><iMN
`.5-37jb337894d457
h>L=:?D>E=;Lk:;<=>?@<99?A<B@>L=:8?B@EBH<lLXX<:>8@Kl<@><:m<L?>Z>8CE:< m<LMEBFn9LXX<:>8@Y;8@;Y8IIH<F89@G99<F8BF<:E8I8B@?X8BD9<@:8?B9N
o 3p764q4-3c34537**a
rN f?YSnG:;<B:8@E:8?BW@EBH<=>?C<F:;>?GD;SOF<B:8A8@E:8?BWs tttttttttttttttttttttttttttttttt tttttttttttttttttttttttttttttttt
12
./ 01223435637389335:4;<8=>4?<@;?5A:4;<8?5?B;C1C/ DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD E/ 032153F564;<81=5?5A0364;<81=5G DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD DDDDDDDDDDDDDDDDDDDDDDDDDDDDDDDD
3456789)4*+8,5-
HIJ KLMNOP3Q)RSTPU NVWXTS)
Y=99391BBA1C6ZCC8@3[38@=A159@16@8@3<B?1583\81C6=5]3483A158=61<@3483\8/ ^5C=[3[38@=AC_<B?1583\81C843?83A?C5Z[34=ZCZ518C=47B=6`C?5A8@35181C 6=5]3483A158=61<@3483\8/aZ815C=[3[38@=AC_<B?1583\81CA1]1A3A158=718C?5A 8@3C3718C15A1]1AZ?BB;?43>1]35?C15<Z88=8@3[38@=A9@16@6=5]348C3?6@C15>B3718 8=8@361<@3483\8/b=8@3432=43_8@343?4389=61<@34[38@=ACcaB=6`:1<@34?5A b843?[:1<@34d159@16@<B?1583\81C>1]35?C15<Z815=4A348=6=5]3488@3[8=8@314 6=443C<=5A15>61<@3483\8/ aB=6`:1<@34_?C8@35?[3CZ>>3C8C_8?`3C15<Z8c1/3/<B?1583\8d?5AA1]1A3C8@3<B?15 83\8158=5Z[734=2Z518C=47B=6`C/e283443631]15>15<Z8_<B?1583\8?C?Z518=47B=6` 1C3564;<83A918@8@3`3;?5A6=5]348C188=?61<@3483\8/f=43\?[<B3_cf1>Z43gd8@3 <B?1583\8h^?[A=15>76?24=[1>5=Zi1C6=5]3483A8=61<@3483\8hjA<>4Bkl32A1Z4< Blk4\i^28@1C61<@3483\81C<4=AZ63A7;ZC15>aB=6`61<@34_8@358@1C61<@34843?8C8@3 <B?1583\8?Ch^i?C214C8Z518=47B=6`_h?[i?CC36=5AZ518_hA=15>i?C8@14AZ518_h76?i ?C2=Z48@Z518_h24=[i?C2128@Z518_?5Ah1>5=Zi?CB?C8?5AC1\8@Z518/m@3 6=443C<=5A15>61<@3483\8<4=AZ63A?ChjA<>4Bkl32A1Z4<Blk4\i9@343hji1C8@3 61<@3483\82=4214C8Z518_hA<i1C8@361<@34<4=AZ63A2=4C36=5AZ518_h>4Bkli?C8@3 61<@342=48@14AZ518_h32Ai1C61<@342=42=Z48@Z518_h1Z4<i61<@342=42128@Z518?5A hBlk4\i61<@342=4B?C8Z518/
n,o+84pqKr7*9N,st48
Y=99391BBA1C6ZCC?A]?58?>3C?5AA1C?A]?58?>3C=2aB=6`:1<@34u 11
3456789*4+ 34,,-5.6/9.45/50 1792434.55
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`9:BH@K=>8=M8HB9C?=> 8=Z8_aMCU>Gbc=;M9L>CGcb>Z`7;8?9:B9C?=>8=Z89:C>HMLB=MFEL:9@UX8>=<AB9C?=>T 8?=@8?9:B9C?=>8>=<8:=<B?<GC?<F=8<:<:9@UG=F98<@MBH@K=>8:=<B?F98H@=<;8=> <@H8?=>8HB9C?=>8=Z8D_7`<:;9>:8F98T_<`<::=BH@MF98T_A`<:8?9>MF98T_M`<:;HL>8? F98T_H`<:;9;8?F98<@M:HH@Dd?=BH>>=:CH@M9@UB9C?=>8=Z8C>HMLB=M<:_aMCU>Gbc =;M9L>CGcb>Z`J?=>=_a`9:8?=B9C?=>8=Z8;H>;9>:8F98T_M`;H>:=BH@MF98T_C`9:8?= B9C?=>C>HMLB=M;H>8?9>MF98T_U`B9C?=>8=Z8;H>;HL>8?F98T_>`B9C?=>;H>;9;8?F98<@M :HH@G9I=8?9:DOG=<:=@H8=8?<8J=?<K=8<I=@8?9:=Z<ACG=;H>:9ACG9B98ED\G:HJ= ?<K=L:=MN<=:<>B9C?=>B>EC8HU><C?9B<GUH>98?A;H>FH8?8?=:8>=<AD
e1'f47ghi947$j 318374
12
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
456789)*5+,9-6.
_`a bcdefOF4]bgfhFijkjlOglbimngFbol
jJ+9.P6-8JIJG]5+9.P6-8Jp q;7@UC<30;36<D270;:2@630;0>59<93;<09>0@A^794425973CD2@<2X<^1D37D79;;0<T2 29634U8;52@6<005TU8;98<D0@36252;<3<3261D2@296r27@UC<30;36<D2C@072660> 70;:2@<3;=2;7@UC<2559<9T97W3;<03<60@3=3;94>0@A^603<79;T28;52@6<005V s06<6278@3<U<27D;040=326@24U^<060A252=@22^0;2;7@UC<30;0><2X<0@59<9Vt0@ 2X9AC42^2;7@UC<30;3686253;<D27@29<30;0>72@<3>379<269;553=3<9463=;9<8@26^>0@ <D26278@26<0@9=20>627@2<60@<@9;6C0@<0>3;>0@A9<30;Vq;7@UC<30;79;T29;U<D3;= >@0A963AC42C@072660>68T6<3<8<3;=0;27D9@97<2@>0@9;0<D2@^3;1D37D7962<D2W2U 36<D268T6<3<8<30;@842^<060A270AC42XA9<D2A9<379494=0@3<DAV[<36<0T29668A25 <D9<<D2A0@253>>3784<36<0527@UC<<D273CD2@<2X<^<D2T2<<2@VY@952\0>>\3><D2 94=0@3<DA36<0070AC42X9;53<<9W26<0040;=<0862^0@@2u83@26W2U6<D9<9@2<00 49@=2<06<0@229634U^3<T270A263AC@97<3794<0862VYD2@2369;2259T949;72T2<122; <D26<@2;=<D0><D22;7@UC<30;v<D9<36^D0153>>3784<3<36>0@60A20;2<053670:2@<D2 94=0@3<DA9;5<D2W2U^9;529620>862VYD2@29@2<10A93;<UC260>2;7@UC<30;3;862 >0@70AC8<2@6278@3<U^@2>2@@25<0966UAA2<@379;596UAA2<@37W2U2;7@UC<30;` *.NN569-+k5. ?UAA2<@37W2U7@UC<0=@9CDU^9460794425C@3:9<20@627@2<W2U7@UC<0=@9CDU^36<D2 74966377@UC<0=@9CD378620>W2U6w x2@2<D269A2W2U368625<02;7@UC<9;5527@UC<<D259<9V[;=3:2;t3=8@21^y62@z 9;5y62@{T0<D862669A2627@2<|6D9@25W2U<02;7@UC<9;5527@UC<<D2A2669=2V 12
3456789*4+ 34,,-5.6/9.45/50 1792434.55
6.5-37789:,,793.6;<3.=/97>7:33:89453/8?:
@*:,,793.6>7: ABCDEFFGHIJKLGEKIEMHNOICMPEQRJSSGIGBHLGEDCIGTDGRSNIGBKIEMHJBOCBR RGKIEMHJBOCFGDDCOGUABHPCHKCDGQNBGLGEKCBVGFCRGMTVWJKKCWWGRHPGMTVWJKLGE XPJWGHPGNHPGIJDLGMHMIJYCHGLBNXBCDMIJYCHGLGEUZPGIGCIGCRYCBHCOGDHNHPJD MTVWJK[LGE\MIJYCHG[LGECIICBOGFGBHQNSHGBIGSGIIGRHNCDMTVWJKLGEKIEMHNOICMPEU]^_ ZPGBGKGDDJHENSRJDHIJVTHJBODGKIGHLGEDHNWCIOGBTFVGIDNSTDGIDJDGWJFJBCHGRQCBR ]`_HPGCWONIJHPFKCBVGTDGRSNICTHPGBHJKCHJNBCDXGWWCDSNIKIGCHJBOKJMPGIHGaHUAB OJYGBbJOTIGcQdDGIeHCLGDMWCJBHGaHCBRGBKIEMHDJHXJHPMTVWJKLGENSdDGIf XPJKPJDMTVWJKCWWECYCJWCVWGUgPGBdDGIfIGKGJYGDKJMPGIHGaHQJHRGKIEMHDHPGKJMPGI HGaHXJHPJHDNXB]hIJYCHGijGKIGHkGE_U
6.5-37l8@*:,,793.6>7:33:89453/8?:
34,8/3.*45m7927759:,,793.6/50@*:,,793.633:89453/8?: n jEFFGHIJKoIEMHNOICMPETDGDDJBOWGLGEHNGBKIEMHCBRRGKIEMHRCHCXPGIGCD eDEFFGHIJKoIEMHNOICMPETDGDMTVWJKLGEHNGBKIEMHHPGRCHCCBRMIJYCHGLGE HNRGKIEMHJHU n jEFFGHIJKLGEKIEMHNOICMPEJDFTKPSCDHGIHPCBCDEFFGHIJKLGEGBKIEMHJNBU n jEFFGHIJKLGEKIEMHNOICMPERNGDBNHIGpTJIGCWNHNSKNFMTHGIIGDNTIKGDXPGB KNFMCIGRHNMTVWJKLGEGBKIEMHJNBXPJKPTDGDTMFNIGKNFMTHGIIGDNTIKGDU n ABjEFFGHIJKoIEMHNOICMPEQDGKIGHLGEGaKPCBOGJDCMINVWGFUfTHJB CDEFFGHIJKKIEMHNOICMPEQHPGIGJDBNDTKPLGEGaKPCBOGMINVWGFU n ABjEFFGHIJKoIEMHNOICMPEQNIJOJBCBRCTHPGBHJKJHENSFGDDCOGKCBBNHVG OTCICBHGGRXPGIGCDeDEFFGHIJKoIEMHNOICMPEMINYJRGDFGHPNRSNIFGDDCOG CTHPGBHJKCHJNBQRGHGKHJNBNSHCFMGIJBOQBNB[IGMTRJCHJNBU n jEFFGHIJKoIEMHNOICMPEMIGYGBHDXJRGDMIGCRFGDDCOGDGKTIJHEKNFMINFJDG VTHJBeDEFFGHIJKoIEMHNOICMPEQXJRGDMIGCRDGKTIJHEKNFMINFJDGJDMNDDJVWGU
q 3?764r4-3<34537**s ^U 99/97t3-7436/u*7
12
/0 1233456/7842962:5;<6=:>2?@4@5A;B/CC464D5E42C;6 4D762:5/;D=DBB4762:5/;DF //0 GH;7E9/:>46/@@H;A465>=D1564=39/:>46F ///0 I?JH/7E42=DBI6/K=54E42=645>4:=65;C=@233456/7E42 762:5;<6=:>2F /K0 9/:>4654L5/@5>4;?5:?5;C5>4:6;74@@7=HH4BMND762:5/;DOF
456789)*5+,9-6.
K0 P?5>4D5/7/52;C34@@=<4@/@<?=6=D544BJ2=@233456/7E42 962:5;<6=:>2F QF R/@7?@@=BK=D5=<4@=DBB/@=BK=D5=<4@;CGH;7E=DB1564=39/:>46@S TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT UF 15=545>4B/CC464D74J45A44D1233456/7=DBP@233456/7962:5;<6=:>2S TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT TTTTTTTTTTTTTTTTTTTTTTTTTTTTTTTT
VWX Y4Z[\]^_ZY\4Z\[*`ab]c`4]]d*
]e6edf+9.g6-8f*6efhe9hi]d*j R=5=ND762:5/;D15=DB=6BkRN10A=@B4K4H;:4B=@=@5=DB=6BC;67;33?D/7=5/;D@ =DBB=5=:6;5475/;DJ2=DlGm 64@4=67>54=3n/D64@:;D@45;=:?JH/764o?4@5C;6 :6;:;@=H@J25>4pG1q5>4p=5/;D=HG?64=?;C15=DB=6B@kA>/7>/@D;AED;AD=@ pl1r0FRN1A=@B4K4H;:4B/D5>42stu@J25>4p=5/;D=HG?64=?;C15=DB=6B@A/5>5>4 >4H:;C5>4p=5/;D=H147?6/52P<4D72Fl5@:?6:;@4/@5;:6;K/B4=@5=DB=6B345>;BC;6 :6;5475/D<@4D@/5/K47;33467/=H=DB?D7H=@@/C/4BB=5=FlGm 764=54B5>4C/6@5B6=C5;C 5>4=H<;6/5>3n7=HH/D</5vw9lxNyFRN1;CC/7/=HH2J47=34=C4B46=H@5=DB=6B/D p;K43J46;C2stzF r>4R=5=ND762:5/;D15=DB=6BkRN10/@=@233456/7qE42JH;7E7/:>46:?JH/@>4BJ2 5>4p=5/;D=HlD@5/5?54;C15=DB=6B@=DBr47>D;H;<2kpl1r0/D2sttFRN1>=@J44D5>4 3;@5A/B4H2?@4B@233456/7qE42JH;7E7/:>46@/D74/5@:?JH/7=5/;DF RN15=E4@z{J/5:H=/D54L57;DK465@/5/D5;z{J/57/:>4654L55A/ 5>5>4>4H:;Cz{J/5 E42kx/<?64s0A>/7>/@H=54664B?74B5;|zJ/5E42=@4K4621>J/5;Cz{J/5/@ B/@7=6B4B5;C;63=E42;C|{J/5FP@RN1/@=JH;7E7/:>46n/55=E4@:H=/D54L5=@JH;7E ;Cz{J/5F 12
3456789*4+ 34,,-5.6/9.45/50 1792434.55
6.5-37789/9/:563;89.45<9/50/30=9:<>
?<@ ABCDEFGFEHIIJKLDMNOPMQMDRSJLTFEKUPVDWWJLJGKQJHEFLJXEJVWPLJGMLHRKDPGFGV VJMLHRKDPGYZ[KUFEVJ\JOPRJVNHAPG?D\JEK]CVD<SFIDLFGV^JPGFLV@VOJIFGDG _`aaZCXEJLPWABCMSPPEJEKUPOFLbJRLDIJGXINJLEFGVKSJGMFOMXOFKJEKSJ RLPVXMKPWKUPOFLbJRLDIJGXINJLEZcSJRLDIJWFMKPLEIXEKNJQJRKEJMLJKZCGHPGJ MFGXEJKSJRXNODMQJHKPJGMLHRKFIJEEFbJ]NXKUDKSMXLLJGKOHRXNODESJVIJKSPVE]DW KSJRXNODMQJHDEOFLbJJGPXbS]PGOHEPIJPGJUDKSQGPUOJVbJPWKSJRLDIJWFMKPLEMFG WJFEDNOHVJMPVJKSJIJEEFbJZdSJKSJLNLJFQDGbABCJGMLHRKDPGDEFESFLVFE WFMKPLDGbDEFGPRJGeXJEKDPGQGPUGFEKSJABCRLPNOJIZcSJWPOOPUDGbEKJREFLJ DG\PO\JVDGABCKPMFOMXOFKJJGMLHRKDPGQJHFGVVJMLHRKDPGQJHZ f gSPPEJKUPOFLbJRLDIJGXINJLEhFGVi f jXOKDROHhFGViKPbJKSJLKPbJKk f gSPPEJKSJJGMLHRKDPGQJHl]EXMSKSFKlFGVThm_YnTim_YFLJLJOFKD\JOH RLDIJZ f cUPGXINJLEFLJLJOFKD\JOHRLDIJDWKSJHSF\JGPMPIIPGWFMKPLbLJFKJLKSFG PGJopqlqoohrpstoiupss f gPIRXKJVJMLHRKDPGQJHvEXMSKSFK f vwlxyvTThm_YnTim_YY f gPGEKLXMKRXNODMQJHFETl]kYFGVMPGEKLXMKMDRSJLKJnK]z{hlxyvoks f gPGEKLXMKRLD\FKJQJHFETv]kYFGVMPGEKLXMKROFDGKJnK]h{zvxyvoks |PUUJUDOOKFQJKUPRLDIJGXINJLEKPWDGVKSJRXNODMFGVRLD\FKJQJHFGVMDRSJL KJnKFGVROFDGKJnKZ f gSPPEJKUPOFLbJRLDIJGXINJLEh{}pFGVi{~ f jXOKDROHhFGViKPbJKSJLKPbJKk{}p ~ { f gSPPEJKSJJGMLHRKDPGQJHl]EXMSKSFKlFGVThm_YnTim_YFLJLJOFKD\JOH RLDIJZ ohrps{o}prps{} oirps{o~ rps{~ ohrpstoirpsw} ~ { p gSPPEDGbFLJOFKD\JOHRLDIJGXINJLNJKUJJGpqlq p USDMSDEGPKF IXOKDROJPW _ ZdJMFGMSPPEJJw_a f gPIRXKJVJMLHRKDPGQJHVEXMSKSFK f v{p xyvo p s{ ~ f gPGEKLXMKRXNODMQJHFEop sFGVMPGEKLXMKMDRSJLKJnK]z{}~p xyv o s{ 12
/ 012345674859:;4<=<>;3?@ABCDC@CCE;2F7123456748G;924<H4IJK@ALM@ABC NOP?C@CCEKQB R5SSTU5V-U5S6W X<Y15<34;5492Z[\]I^<^9GGY9534F937633;_164`;3abcdefghijOgc^`97`4;=<3 92864;8G;924<H415;k<33;Z<;2F712:<5439441;`;3`:;G6<^94`4`<`<G81Y`;3` ;GZ1594`klm;3`n62749123;5<7;GG<FopgqrsbtefghijOgcu;34`<`;3`:;G6<I^`97` 934`<5<36G41Y712:<54<F8G;924<H4IhbggOivqhOgwqxiqPvbhy414`<8G;924<H415 k<33;Z<z{:<5>k<33;Z<851F67<3F9YY<5<24`;3`:;G6<l|14^1F9YY<5<248G;92 k<33;Z<37;2`;:<3;k<`;3`:;G6<l}9k9G;5G>I~2<`;3`:;G6<_<G12Z34112<8G;92 4<H4k<33;Z<12G>l `<RVWR5SSTU5 V-U5S6 U89-6 93;^9F<G>63<F75>841Z5;8`97`;3` Y62749124`;4851F67<3; 1 _94 _>4< `;3`:;G6<l[\]`;3_<<2<k8G1><F92; ^9F<:;59<4>1Y3<76594>;88G97;49123I;2F93;G3171kk12G>63<F417`<7=F;4; 924<Z594>l[\]^;3F<39Z2<F_> 12 9:<3492 415<8G;7<;2<;5G9<5`;3` Y6274912I[\ l 2[\]`;3`934>897;GG><H85<33<F;3;`<H;F<79k;G26k_<5I2 F9Z943G12Zl `<Y1GG1^92Z;5<4`<34<83Y15[<33;Z<\9Z<34];GZ1594`k [\]4;=<3928641Y;5_945;5>G<2Z4`;2FZ<43_51=<29241_G17=31Y39 <] _943l 4 851F67<31648641Y 1_943l / 88<2F8;FF92Z_94331 qg id NOPB @ 8;FF<Fk<33;Z< _943G<33 4`;2;2924<Z<5k6G498G9<F_>] / 88<2FG<2Z4` ; _945<85<3<24;49121Y4`<G<2Z4`414`<159Z92;Gk<33;Z< _<Y15<4`<8;FF92Z 414;GG<2Z4`1Yk<33;Z<= ] _943 / 2949;G9 <[\_6YY<5 1 _94_6YY<5`1GF3924<5k<F9;4<;2FY92;G5<36G43 2 _945<Z934<53I X0\ / 517<33k<33;Z<92] _94_G17=3 / 5162F31Y8517<3392Z / }9k9G;534567465<_64F9YY<5<24G1Z97;GY6274912 / {;7`5162F4;=<34`<] _9492864;2F:;G6<31Y X0\;2Fk1F9Y9<3 X0\ / ~64864 Y51k4`<G;3434;Z<93; 1 _94F9Z<34 / {:<5>_941Y8G;924<H492YG6<27<3<:<5>_941Y4`<4`<`;3`71F< / 01k8G<H5<8<4949121Y4`<_;397Y62749123 62G9=<G>4`;44^15;2F1kk<33;Z<3 ^16GF`;:<39k9G;55<Z6G;5949<3 / [\]93;334512Z;381339_G<Y15 1 _94F9Z<34 9:<34 3712 <7465< 05>841Z5;8`977`<7=36k93 634;3;5<Z6G;57`<7=36k8514<7434`<5<7<9:<5Y51k ;779F<24;G7`;2Z<3414`<k<33;Z<I;75>841Z5;8`977`<7=36k8514<7434`<5<7<9:<5 Y51kk;G9791637`;2Z<3414`<k<33;Z<l~2< ^;>Y6274912Z9:<2;75>841Z5;8`97 7`<7=36kY15;k<33;Z<I9493:9546;GG>9k81339_G<41Y9Z65<164^`;4k<33;Z< 851F67<F4`;47`<7=36k 949321471k864;4912;GG>Y<;39_G<41Y92F4^1k<33;Z<34`;4 `;3`414`<3;k<75>841Z5;8`977`<7=36kl Y>16;5<Z9:<2;7`<7=36kY15;k<33;Z<;2F>16;5<;_G<4171k864<<H;74G>4`< 3;k<7`<7=36kY154`;4k<33;Z<I4`<29493`9Z`G>G9=<G>4`93k<33;Z<851F67<F4`< 7`<7=36k>16^<5<Z9:<2l
456789)*5+,9-6.
5+)¡8,9¢98U95SSW 12
3456789*4+ 34,,-5.6/9.45/50 1792434.55
67 89/9793-743:/;*7 67 <=>=?@ABCD>EF@G>=@H=BHI<?GJEK=KCLLM>BEANOMCPQFAO AEDRMB7 S7 TGUV=KHMWMQFDMHE@6XYZ7 [7 TGUEK=@M\=LDQMF]KCLLM>BEANOMCPQFAOAEDRMB7 ^7 TGU>=OMK>VFQ=B_MDBELM@`LPMBK=KE>KE@D`>7 a7 bMKK=_M<E_MK>aIb<aJEK=cd@MNV=CR=KR]`@A>EF@e7 S7 <EKA`KK=PF`><=>=?@ABCD>EF@G>=@H=BHI<?GJf gggggggggggggggggggggggggggggggg gggggggggggggggggggggggggggggggg gggggggggggggggggggggggggggggggg gggggggggggggggggggggggggggggggg [7 ?\DQ=E@TGUVE>R>RMRMQDF]=@M\=LDQMf gggggggggggggggggggggggggggggggg gggggggggggggggggggggggggggggggg gggggggggggggggggggggggggggggggg gggggggggggggggggggggggggggggggg
hij 8kllmno
pREKAFLDQM>MKF`BHEKA`KKEF@F@>RME@>BFH`A>FBCAF@AMD>KF]GMA`BE>C7pRMGMA`BE>C GMBWEAMKHEKA`KKMHE@>RM`@E>=BM>RMP=KEAL=@H=>FBCKMBWEAMKP`>>RMBMA=@PMF>RMB KMBWEAMK]FBKMA`BE>C7pRMBM=BML=@CF>RMBKMBWEAMKK`AR=KUAAMKKEPEQE>Cq U`>RFBEr=>EF@M>A7bFBMFWMBq>RMKMA`BE>C=@HW=BEF`KABCD>F_B=DRC=Q_FBE>RLK=BM E@>BFH`AMH=@HHMKE_@MHE@FBHMB>FDBMWM@>D=KKEWM=@H=A>EWM=>>=AOKQEOMb=@NE@N >RMNLEHHQM=>>=AOqsB`>MtFBAM=>>=AOq<M@E=QF]GMBWEAMI<dGJq<EK>BEP`>MH<M@E=QF] GMBWEAMI<<dGJquEB`KqvFBLqpBFw=@xFBKMM>A7 pRME@]FBL=>EF@_EWM@F@W=BEF`K>FDEAKK`AR=KyBCD>F_B=DREAUQ_FBE>RLqsQFAO=@H G>BM=LyEDRMBKqGMA`BE>C=>>=AOKqu`Q@MB=PEQE>EMKqTGUq<?Gqb<aM>AEKM\R=`K>EWM CM>A=@PMK`DDQMLM@>MHVE>R=HHE>EF@=QBM=HE@_7xFVMWMBqGMA`BE>CEK=@MLMB_E@_ ]EMQH=@HELDQMLM@>=>EF@F]KMA`BE>CA=@PM=AREMWMHPC`KE@_W=BEF`KKMA`BE>C>FFQK QEOMz@>B`KEF@<M>MA>EF@=@H{BMWM@>EF@GCK>MLKIz<{GJq?@A=KMq{BFAMKKuEMVMBM>A7
hi|} 8k~~ 89 n m 1~ 12
G>=QQE@_KqvEQQE=LS 7 q {M=BKF@{BM@>EAMx=QQy=LPBEH_M {M=BKF@?H`A=>EF@z@A7 =R=>MqU>`Q7S [7 7p=>=bA B=VNxEQQ {`PQEA=>EF@7 GAR@MEMBqsB`AM7S Z7 vEQMC{`PQEA=>EF@K7 tMB_`KF@q EMQK7GAR@MEMBqsB`AM7=@H FR@Fqp=H=CFKRE7S 6 7 ¡¢FR@vEQMC£GF@K
/ / / / / / /
012341567819:;<=><9:4156?1@;1=AB<C;5<96D;E<FGGF= HIJKLMNOIPQMRJST UMRVWJIXLYYQZRPWJRLZRZWUQ[\RP]LM\^_`Z^a^RJRLZb=>9<5c;C<d1:: e;Bcf56d19f:@g=15@0912h<6D;CE;=FGGi=jZkLMYWJRLZOIPQMRJSlWZWmIYIZJ nWZ^[LLNog;3c8p@;c;f5=q2<9r1C8>2r:;C1c;f5h= ?fh<5r<9s6tfc8u=15@?<4u6v1w;@=OIPQMRZm]I[OIMVRPIxKRJy]OzOIPQMRJST {IzYSxJRkSRZm ]OzOIPQMRJSo]OzUL\RPSoO|l}o~l} ORmZWJQMIoWZ^ ~l} aZPMS JRLZ >3:<<s<967819:<h >=15@ >3:<<s<96A819; 1 9<5C<=FGG OIPQMRJS RZ XLY QJRZm6e8;9@p@;c;f5=>9<5c;C<d1::>2r:;C1c;f5 p::;h6t215;c1=AB<<@6e;4=15@79f <::6 ;::;14>=FGG = yIjZJIMZIJOIPQMRJS QR^I[LLNT MLYU\WZZRZmJL{I \LSYIZJo qC1@<4;C>9<hh 7151w156tf85p=FGG = yI QZ^WYIZJW\xLkHIJKLMNOIPQMRJS q9c<C8 df2h<= = ;E;B<@;1=Cf4
456789)*5+,9-6.
* 4* 4* * 5+) 8,9 98 95
= 1 g1:h< r e92< C e92< @ g1:h< < e92< 3 g1:h< F= A<C29;cuC15r<@<3;5<@ruc8<3f::f ;5shc1c<4<5ch / c8<hc1c<f3r<;5sh<C29< / B9<C12c;f5hc1E<5cf<5h29<1s1;5hcc8<3c6<hB;f51s<6<cC / B9fc<Cc;f5f31hh<ch / 39<<39f4@15s<9f91cc1CEf9c89<1c / 3f94f3B9fc<Cc;f5 = 8¡¢,659*5+,9-6. 7f4B2c<9h<C29;cu;h1rf2ch<C29;5s1Cf4B2c<9huhc<4£v<hEcfBf9 1BcfB<cC f918fhc=e8;hcuB<f3h<C29;cu<5h29<h1Cf4B2c<9@15s<939<<15@Cf5c1;5h5f w;92hru2h;5s15c;¤w;92hhf3c 19<=Df9<fw<961Cf4B2c<9h8f2:@2h<s<52;5< 15@2B@1c<@hf3c 19<15@819@ 19<=q:hf;ch8f2:@r<B9fc<Cc<@ ;c8B1hh f9@= e8;hcuB<f3h<C29;cu;h13f94f3Cf4B2c<9h<C29;cu= i= ¥¦6¦*5+,9-6. v1c1A<C29;cu;5wf:w<hh<C29;cuf3<:<Cc9f5;C@1c1 8;C8;hB9<h<5cf515u3;:<63f:@<96 f9s15;§1c;f565<c f9E6Cf4B2c<9huhc<46<:<Cc9f5;C41;:6819@¤@;hE<cC=A2C8h<C29;cu C15r<;4B:<4<5c<@ru2h;5sB1hh f9@h6C9uBcfs91B8u£c89f2s8<5C9uBc;f515@ @<C9uBc;f5 6r;f4<c9;C12c8<5c;C1c;f56f9c89f2s81CC<hhCf5c9f::;hc<cC=
5+) 8,9 98 95 ¨
= ; g1:h<
12
3456789*4+ 34,,-5.6/9.45/50 1792434.55
667 89:; 6667 89:; 6<7 89:; <7 =>?@;A BA =C??CD6EF>9;GH;I:?E;9>J6?6G6;@K L 8C6@C?>G;M>G>N9COF;GG6EFH>PQ;MRPC99:SG;MR:E>:GHC96T;M>PP;@@R :E>:GHC96T;MOCM6N6;MR:E>:GHC96T;MM;?;G;M;GP L 8CO>6EG>6EPCEN6M;EG6>?6GUR><>6?>J6?6GU>EM6EG;F96GUCNM>G> L 8CS9;<;EG;?;PG9CE6PO>6?N9COF;GG6EFH>PQ;M>EM:E>:GHC96T;M>PP;@@ L 8CS9CG;PG;>@US>@@DC9M@>EMS6E@J;6EFP9>PQ;M
L 8C;9>M6P>G;<:?E;9>J6?6G6;@VD;>QE;@@76EGH;@U@G;OC9M>G>
WA XEC9M;9GCC<;9PCO;>??GH;<:?E;9>J6?6G6;@CN>@U@G;OC9M>G>C9E;GDC9Q;GPR GH;9;>9;YO>ZC9@;P:96GU@;9<6P;@[\CEN6M;EG6>?6GURXEG;F96GUR]<>6?>J6?6GUR ^CEK_;S:M6>G6CE>EM]:GH;EG6P>G6CEAXN>??GH;@;N6<;J>@6P@;P:96GU@;9<6P;@>9; ;E@:9;MGH;EGH;@U@G;OC9E;GDC9QC9M>G>D6??J;N9;;CN<69:@RM>EF;9;GPA
` 3a764b4-3c34537**d
eA f-9a759.6/9.45gh0759.+.6/9.45 XM;EG6N6P>G6CE6@>??>JC:GJ;6EF>J?;GC6M;EG6NUUC:9@;?NGC>PCOS:G;9>EM6@ >J@C?:G;?U;@@;EG6>?K L ]8iR;KJ>EQ6EF6M;EG6N6;@>:@;9D6GHGH;H;?SCNjX^ L ]PP;@@GC;KO>6?RPCOS:G;9>PPC:EG@R6M;EG6N6;@>:@;9D6GHGH;H;?SCN> S>@@DC9M L ]PP;@@GCS;9@CE>?6ENC9O>G6CEV;AFAR@G>NNC9@G:M;EGSC9G>?7 145g64,8-973.0759.+.6/9.45 L k>EQG;??;9QECD@UC:JU@6FHG L k>EQG;??;9PH;PQ@UC:9S6PG:9;>F>6E@G>SHCGCXl L k>EQJ>PQCNN6P;PCOS>9;@PH;m:;@6FE>G:9;GCCE;CE9;PC9M L ]??;n>OS?;@CNJ6CO;G96P6M;EG6N6P>G6CEA 34,8-973h0759.+.6/9.45 L oCDD;6M;EG6NU>H:O>EGC>PCOS:G;9p L q@;9E>O;rj>@@DC9M@VPCOOCE7R L 8CQ;ER;AFA]8i P>9MR L \9USGCF9>SH6PS9CGCPC?@R L \COJ6E>G6CE@R;AFAGCQ;E>EMS>@@DC9MR L k6CO;G96P@R;AFAN>P;9;PCFE6G6CERN6EF;9S96EG@R>EM9;G6E>r696@@P>E@ BA 33s89453/8as6@M;N6E;M>@>S9CP;@@CNPCE<;9@6CECNS?>6E>EM9;>M>J?;G;nG GCP6SH;9>EM:E9;>M>J?;G;nGVP>??;M;EP9USG6CE7A=C9;n>OS?;R6E=6F:9;BRGH; S?>6EG;nGtX>OMC6EFJP>N9CO6FEC:u6@PCE<;9G;MGCP6SH;9G;nGtvMSF9?mZ ;NM6:9S?Zm9nuJU:@6EF\>;@>9P6SH;9P9USGCF9>SH6P>?FC96GHOw
12
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
456789)*5+,9-6.
^ /_5+)`8,9a98b9544c
dC 5] SBI69 55] SBI69 555] N:K9 5;] SBI69 ;] N:K9C eC S=II=M5FAB:9789BH;BF7BA96BFHH56BH;BF7BA96=?LI=>GBFHf7:9BEZ5<89:g hij1261b548kl38+)/-0_59m n D756?B679:78BF67:9BE>5<89:C n D?BF@RI=>G>=F7B5F6BF@7:BF6E5665=F9::=:789F57M5IIF=78B;9B??9>7=F =789:RI=>G6C n D756F=76K??5>59F75F8B:HMB:9RK7EB@R9K69H7=>=FF9>7G9@R=B:H7= Zop\>9F7:BI<:=>966KF57] n LI=>G>5<89:6>BFR99B659:7=5E<I9E9F75F6=?7MB:9TR9>BK69789:956F= R57EBF5<KIB75=FI5G95F67:9BE>5<89:M85>85675E9>=F6KE5FA<:=>966 BFH7:9B76HB7B5F>=E<K79:g65q9HRI=>G6 n LI=>GZ5<89:56E=:96K57BRI95F7:BH5FAB<<I5>B75=F6C n f8=:7RI=>G6B77899FH=?BE966BA9>BFBI6=R9BHH9HM578RIBFG=:q9:= 67B7K6C [-41ij1261b548kl38+)/-0_59m n D?7M=6BE9KF57=:RI=>G6=?<IB5F79J756789:9T789F789>5<89:<:=HK>96 6BE9>5<89:79J7?=:KF576=:RI=>G6C n D7569B6@7=5F69:7=:H9I979KF576rRI=>G6C n LI=>G9F>:@<75=FEB@R9E=:96K6>9<75RI97=>:@<7BFBI@656B77B>GB6 >=E<B:9H7=67:9BE>5<89:B6RI=>G>5<89:<:=;5H9667:=FA85F767= B77B>G9:R9>BK697M=6BE9KF576<:=HK>96BE9>5<89:79J7C n LI=>G9F>:@<75=F56E=:96K6>9<75RI97=:9<IB@B6>=E<B:97=67:9BE 9F>:@<75=FC hij1261b548k*6951s /-0_59m 12
234567893* 23++,4-5.8-34.4/ 0681323-44
5 6789:;<=>?98=@@A=7:BC9DE8?:8FG:89=;>C9;9H7:7=EH:@EHCI9H<8I>7=EH :HFF9<8I>7=EHF:7:EH9B=7:7:7=;9J 5 6789:;<=>?98=@C9@@@A@<9>7=BC97E<8I>7:H:CI@=@7?:HBCE<K<=>?98:@ BCE<K<=>?98>8EL=F9@@78EHM?=H7@7E:77:<K98B9<:A@97GE@:;9AH=7@ >8EFA<9@:;9<=>?9879N7J 5 6789:;<=>?98=@C9@@7ELACH98:BC97E=H@987=EHE8F9C97=EHEDAH=7@J 5 O?=@<=>?98<:HB9;E899:@=CI:H:CIP9F;:7?9;:7=<:CCIJ 5 Q7=@;E89@A=7:BC9DE8;=C=7:8I:>>C=<:7=EH@J 5 Q7=@C9@@A@9DACDE8:77:<K98@:@@:;9>C:=H79N7=@9H<8I>79FBA7=H@=HMC9 =HF=L=FA:CB=7@:HFHE7=HAH=7@J 5 69CDR@IH<?8EHEA@@789:;<=>?98@:89HEHR>98=EF=<B9<:A@99:<?K9I <?:8:<798=@DAH<7=EHF9>9HF9H7EH7?99H7=89>89<9F=HM;9@@:M9@789:;J 5 69CDS@IH<?8EHEA@<=>?98>8E79<7:M:=H@7:CC7I>9ED:A7?9H7=<=7I7?89:7@ B9<:A@9:HI<?:HM97E7?9<=>?9879N7:DD9<7@7?9K9I@789:; T-9./U.48.463*V826.+ 2-7W62X 5 QDFA8=HM78:H@;=@@=EHY:HIB=7=@CE@7E8B9<E;9988EH9EA@Y7?9H=7=@ F=DD=<AC77E89R:88:HM9:HF<ECC9<7:CC7?9<EHL9879F<=>?9879N7G?=<?=H 897A8H;:I89@AC7=H89R78:H@;=@@=EHED7?99H7=89>C:=H79N7J Q7=@@CEG987?:HBCE<KBA7<:HB9<EHD=MA89F7E;:K9;E89D:@7BI=;>C9;9H79F =H@>9<=:C>A8>E@9?:8FG:89<:>:BC9ED9H<8I>7=EH@9L98:C;=CC=EHB=7@DE8 @9<EHFJ 5 Q7=@HE7@A=7:BC9DE87?9@ED7G:89J ZJ 23+7.2-934[681664V\++682-5.4/]9\++682-522\78342.7W\ 5 6I;;978=<^8I>7EM8:>?IA@9@@=HMC9K9I7E9H<8I>7:HFF9<8I>7F:7: G?989:@_@I;;978=<^8I>7EM8:>?IA@9@>ABC=<K9I7E9H<8I>77?9F:7: :HF>8=L:79K9I7EF9<8I>7=7J 5 6I;;978=<K9I<8I>7EM8:>?I=@;A<?D:@7987?:H:@I;;978=<K9I 9H<8I>7=EHJ 5 6I;;978=<K9I<8I>7EM8:>?IFE9@HE789`A=89:CE7ED<E;>A79889@EA8<9@ G?9H<E;>:89F7E>ABC=<K9I9H<8I>7=EHG?=<?A@9@A>;E89<E;>A798 89@EA8<9@J 5 QH6I;;978=<^8I>7EM8:>?IY@9<897K9I9N<?:HM9=@:>8EBC9;JaA7=H :@I;;978=<<8I>7EM8:>?IY7?989=@HE@A<KK9I9N<?:HM9>8EBC9;J 5 QH6I;;978=<^8I>7EM8:>?IYE8=M=H:HF:A7?9H7=<=7IED;9@@:M9<:HHE7B9 MA:8:H799FG?989:@_@I;;978=<^8I>7EM8:>?I>8EL=F9@;97?EFDE8 ;9@@:M9:A7?9H7=<:7=EHYF979<7=EHED7:;>98=HMYHEHR89>AF=:7=EHJ 5 6I;;978=<^8I>7EM8:>?I>89L9H7@G=F9@>89:F;9@@:M9@9<A8=7I <E;>8E;=@9BA7=H_@I;;978=<^8I>7EM8:>?IYG=F9@>89:F@9<A8=7I <E;>8E;=@9=@>E@@=BC9J
b 2W653c3,2d2342699e fJ =g O8A9 ==g h:C@9
11
///0 12345 /60 7895 60 7895: ;: 7<5=2>2?@A8BC>/D@E>2@F28FG=?E0/424BHH5>8/AIJ5BK3DAJA/C<58C9K3/4<5F KB><5L2>/D@23M@4>/>9>5DNE>2@F28F42@F75A<@D3DOBGLME70/@P2QQ:=?E<24 K55@><5HD4>R/F53B945F4BHH5>8/AIJ5BK3DAJA/C<584/@A5/>4C9K3/A2>/D@: =?E>2J54STK/>C32/@>5U>AD@658>4/>/@>DSTK/>A/C<58>5U>R/><><5<53CDNST K/>J5BG1/O98520R</A<32>5885F9A5F>DVSK/>J5B245658B1><K/>DNSTK/>/4 F/4A28F5F>DND8H2J5BDNVTK/>:W4=?E/42K3DAJA/C<58X/>>2J54C32/@>5U>24 K3DAJDNSTK/>: Y: ZEW/42@24BHH5>8/AK3DAJA/C<58G24>RDF/NN585@>J5B4285945FND8 5@A8BC>/D@2@FF5A8BC>/D@0:M>R24F5653DC5FKBZD@[/654>XWF/ *<2H/82@F\5D@28F]F35H2@/@P2QQ:LDRZEWR/><2@5U2HC35: ^ _<DD45>RD328O5C8/H5@9HK584`abc2@Fdaef ^ g93>/C3B`2@Fd>DO5><58>DO5>habciefafjff ^ _<DD45><55@A8BC>/D@J5BkX49A<><2>k2@FG`IP0UGdIP02858532>/653B C8/H5: l m`ncoambcncoabp l mdncoamefncoaej l m`ncoqmdncorbpiejafcjp l _<DD4/@O28532>/653BC8/H5@9HK58K5>R55@csksfcjpR</A</4 @D>2H93>/C35DNYP;t:u5A2@A<DD455rPQ ^ _DHC9>5F5A8BC>/D@J5Bv49A<><2> ^ vacwxyvmfcjpoajwef ^ _D@4>89A>C9K3/AJ5B24mcwzfjffo2@FAD@4>89A>A/C<58>5U>X{a becw xyvmfjffoajw|p ^ _D@4>j8w9efA>C8/62>5J5B24mjwefzfjffo2@FAD@4>89A>C32/@>5U>X`a jw|p xyvmfjffoabe
456789)*5+,9-6.
12