Electronics Workbench Circuit File
Version: 5
Charset: ANSI
Description: 
"" 

EncryptionType: 2
UsingVectorGraphics: 0
/000@D0I0?4D<DHI@3078;L=8?@A404D8@4@8GD7L80@030B88HIHC078=4M040542
<@H9@34G4MHE0?D?<B8G0D4K<2@6L<4K0980DE<IDC0B<LHAD3<20=480J@A024:<
98=0?4N<DHADB4F0BDN8FH8H3<@D0<DH>@BD98:<L0BHG<6@<HJ8A@BDEH3@=DILJ
@O89<;<:49HKH@0B008880@2L24:8@@9@=4244<8LAH3@5D3L6L8L4@2LMD=DCDLH
I0OH7H8<;HJD>0248<4H:4D0I03D64;LD@B@C48<FL88BHH8G<IDDDAD14GLNH701
4J<DH=@B870H8LHADK0680H28:<CL90;4JD004DI@C@G454ADM4K<6@78=0J<<<AH
1H5H;@I8BHF<C830OLNL:H1HC<60?0@8F0EDE06@40;4G<747@F4;<I@I<0<C4F8O
0FH0D00J@HHG0D4A<ML;8=D<4I07@>4H<4H5L98644<<4M8F0D46<2LDDIDB@78<8
:4?8;05D<@M8B@8D58JDL@=DM48L>0>L<<A0D@C40<2LDDI4B0D06<50B8N<H8I08
DN<88286L><245@38DLK4HDNL@048L@14;@@@7884C@=89L4H=LID;<ODDD4<0HID
O<H8>8L@3@O8M8;06H9@J8A0B4;<;@N8D8207L6<1H94B8O8K0B@=DC83<G8I0J@J
<4@I@30G4;<<@9@;4F84LDH7L24@<2D4<:@;8I@H@J0=<ALB06L>DK@B0;D8478>8
@0=044><;0GD7H=HJ@H0K408AD3840>02H186@=L:4F<=L@H1DC8G09@0D:8L8?8<
8ODA0<H9<L@F8<8G<44=LM<?060A@=D1HO00L$000@80@000F40L8@0<@D=L>40L5
0=LLH@090D<D<0H10C03L=HJ@A00448@L1@206@:4I8N@8D=060L@9D3<G050:D:4
D<1<4<@LAHB<78=DI<2L10C<I07H9<8<4LID3<FL?<<4<H3404644<<H=4B<448<4
H;8445<<4K0J@540<88MH:D<8G0D0<4F<8LDHCDAL:@DLI43<68<DK0:@>4;<24><
3D8D9@N@F8K<EHMD?H8D=8A@=0I43H54<DI@4@4408481010249@<8A08@5<A0D8>
HN4AHB<60=DA<CHJ@C88DI@<<18CD60>@M8MH:0:@JL64144<FH?8B<2<2<C490?4
8<C@GL<HH8I0KL4DDDHHA@3<40=0I@8@D8=<1@?LK4>0:40<8H1HC8D0I<:L8<J4:
@1D:8?@6D<@4H30N<2D1HC020LL<LH07L$000@K@D@D46<0L8@383D6<80H@0004N
<8<0<0D4080<81L8<KHF@=4N<HH5D;8D<GD=07D?<D@B@64B<@@10A040408@1@A4
4428ED80;LD@2H9DKHB054H<HH94C06H<D=<G@<H24N<C0884L1@CDG87<2@JD>D9
@H8A0EDKHL@A@307H98M0;<1@5H98:D8@1<84144<@LAHB<78=DNL949HH@=H=LLH
D@D4B<>HFD8HHH4D<D8HI@7H386@=@D82DF828@H9DKD889DAHAHC0E0NHFHCHE81
87L48BL@@D8D07D>4L88@4HO@?@10ALO0H4:4086<<@0824N8@L0038@8BLO@<HH8
5@04C40D201DC<20B<48L03L$000@I0B@<4:<HD9D3878><80D@J4240<0@1@201D
2@@000A47D1@?4J<DHID3<FL=0ADNHD8NDM@B4:8HH9@284840@8@020848<4@;8G
LGH905DDHJ0148<DLMHGH8LND;4C<5L>@L0J0B4:<@@9DC4FHA4<8A01@5L6024<<
ED3<6<=@H8C@@D4DAD6@;LHH2H7H<@80I0@DD<CD3<74=4:4G<D<70?HADH48DE4A
8E04450<4L@J0>4:8DLMDEHC0B42<F4KDC<74=4M0D@;D6@=4>@I@K@7L6H=8J@00
84D<4H<8445<<4K0J@54;<L8J4?4E<I4;<60L8G0C4<0H<>464@49DAHC<>4><9HE
<144@>0C89@50>078L03L$000@H8J0E46<0L8@382060806@:000084@NHJ0LH1<3
D70>@L@2@<4:<DH1DA040408@1@A4L40D@H90J@58<HK0@@741<9<38=4GHA@?4L<
@H1@10G4>0F@><4<4L5D=8FLGH101D@HG@=40<2LDDI8;HF@;0D0@@B48<HL94CDF
HG<<88H9HH@>H=LLHD@D4B<FH4@JHCLAHC4O<<L@HA@3040=0L08@E<<<4D1@C<78
<D9<B@AHC0E0FH=8N8@H9@346H:DK@:HM4G88H5LG41DK83H5@:8<<8@C<NH9054<
<4H14J410:D9@8@L48DJ4?@IL2@G8:0L06@DLDDED5@A0><;HB<60<<L@G@34;8C4
8D<D1@;DK0K4LL=DH@:D0<<@G08D0HA0C@;D64H45420C41H@@0HADC@<02D=8E0M
08HADC01H@L4HA@L4L8>L:LJ8I0546<2LCL4L:8;0>LEL18FL5<L0K8BD@0?L$000
@=0@0A0O4D4LHAL0H1880@0H@3HLHB@746<0L8@383D6880L0E@EL3<6DJ418A@?4
H<LH9D3DG4ND0@084H;8F<7<=4L@B@O4B8@H5@?86L6L=LI0JH1L3@208480A0A04
428ED3DCH5L<HH8A@D4N<FHH8NLH@>044@<8HA@306<J4A8L@@DFD90;L@@@H>45<
98BDGD=0B4H4?43<?DJ400446<18B0A4=89D:4CLID:@F0;44L70808H<868245<8
<;D846<<4:@60?@A80@2LBDID7@2HC860E4;<JD;01L687L@8AL=8=0H898O4A0C0
9DE834I4JDB0:H2<9DM<288H6DHDG074DD@8F@C8=008OH04$000@806@:000084@
NHB0LLA<C460<<M0G@B40<F88L4H98G<GH101DMHD@B4:<2HDDI8;HF@=0L0G@C40
<48AD1H3840?<<H@0A004084H;8@D74<DIHDH<@;4H0;41L6H>8D82D30N<@HIDC<
G84D4D5D=8MHN4J0BL6@<@J4G<G4?48<FH?HL0@01008880@1DB4=0MDN028O8A0L
488@HAD306424?D9LE830@HD8B0:H;DID0D0@4H9@E8F<G4K@=0BHO4I<J@=@N<5D
<8=4E05<504HA@18@H9LB4L0D8F8C0:4:<9D30JD6H0<<HI0J8=8F<144@E<7@:0<
D4HA@58E<@4><98D8945430N01L$000@80@0H@3DHHG@<4N<DHAH3@20=480H000J
48044GH2LA07<=4L@B@O4B8@H5@?86L6L=LI0JH1L3@208480A0B04428ED3DCH5L
<HH8A@D4N<FHH8NLH@8@=<BL2LDH>H?DF41D>4?<>89HEHC8:H@HC@6L8HK<509<D
HFD2L2LALB<60=DM<8<=864@0<80@98A<C4;03<10?4:<HL1DC4G40DB<AH3@40;8
I000>4@<0H10C45DK@E0>40<H@1@3@70><D<K4F@386HO<<HK0I0A4I<<D903874<
<M8D@D4A<M<A4ND<D9L246H<DI<A83<78><N4=D24I8A8OD@HG@EDL<:DA8J83@E4
?@1LB@FLF484ID?4G4FLK0NLK4F0;4K@<4B@MHNH?0J<0H5HM@J4@DB48<HL94CDF
H6<J@9@E@;HE4KL1<C0F@HD?09LI@K@0<6H=0K@0044@<0H9HF@88:HH8F0E4:<0H
@@3@3D64:4I4D8M4<@H4DHA8K<58AHFDB49<=H@LFH@LA<J@30J4EH7D:8I8C0948
86@G0842<246L:4F@KL6<@D9H3078>DLHD84<8DC<5L>@L0J0B43<6H9D2@8<<8?0
@4A430=<KDC0<42<LH5@5@=4D@O468FHN0447<28H<J0IHADC@F@E0KD84@HL<04O
L$000@80@0O@00LDIDC@6@>@J8G@>40<48ADAH3440<0@0F0:4F<3D3870806@:0M
0LHL@H498306H>DI8@0B0D<4<LH8DB4G86D?48<DH1@C<58=HE<<@MHM448BL30N8
DH9DK<@<8D=8F@2LED<LALB@68<HB82004240@@@A03448J4O8ND8D=864@D9H307
8>DNL7DE8ILK8?@D40<@LAHC@48=@I8F@9D2@9H9<;<345L6024L<ED7<6<=@H8C@
@D4DBD6@;LHHJH303420>8L4=0LL8H9H;8J@MH506H;@><>0:4E848=818983074>
@C@J@=4G<5<<HL@8@=@ALLDG@3460K<B484<<4HB0H00H6884@D1D@HI00@7H74EH
@H1@C4>D6LL<4HM0>47@L03L$000@80@0N@<41LA00H18<D9D3HD@B@64B<@@10A0
40408@H@20A4JHEL5L:8A<54>@H8J0E46<0L8@382060J4M8FDO4880L1H3D748DK
0B@=4C<50@HI@N0082<64JHG864H<4HI@;4;0J890N<<DI@3<6L<@80I0@DD<CD3<
74=4:4G<D<70=HI0C<6H>0:4E848=810983074>@C@J@=4G<5<<H48>H?<6<4L1DC
DF@4DGLGH>@JHJL1D206H>0H@00240<@L9@F@88:HH8F0E4:<FH8@;LFD;H<0D8K8
EHI43<68<DK0:@>4;<;4><CD701@<DFL:4K<H<8L=81@3LG<1@@D00K<K87<9HH8F
@5D4H:8=<2H649L?0C02LO@@@<H0H1DC<H0A0J0I00@AH@@2HN01L$000@80@0H@3
HD0G@C4B<@H9HC86L=H80D@J4640<0@1@206D<8K000644<@H1@201D2@482@F828
@H9DCD6840L@;H4DLH>D<0D8:D=0N8@H9@346H:DK@:HJH;@4L1H8<C444=LK8F@7
D?@D@8H?<J4?8NH9054<<4H1424208480A030688<4@;8@4GHM0KH>428DH=D64B4
;8F<A0?49@D42<@H9HKD3DA8LH?8B@L@>L38;@B@E8A09H@8288H1H3D4L>DK83H9
<9HH@MH;0D4F4848<0HA0C460149<9@;0@D24G44@2@HDNHH@A4B<C0N01<44E0I<
9L8H9H408<?H68@43<O40<OH04$000@J8M0C004080H103<6@<@@0A064F<EL@408
2040F40L5<<4K0J@540<88AHAHC0:L8DM8JHL@1DC468=@E8G0948<<L1HA0F@M04
D@HG@=4J<LHAD;<F@8H?<J4?8NH9054<<4H1424208480A030N8H@A4B<3448J4=8
N@8D=864@D9H3078>DNL4@C80L:4E8ML7DG050:D24GD0D4DA@3@789HM8F@7DBHC
@A0KDKHI@5D:0J8=H<8BD@0A@3@6880I@B0149@90@04H604@043<6<=@083428E0
145@94804HD@@04DL03L$000@806@?48<DH1@C<58=HJ8J0C40<48ADAH3040<0@0
=0D0000@90M@<4I0C<6H=DKHG08D=<F@2LED<LALB@68<HB82004240@@@A0449LC
@70F44428ED8H;LD@2H:<M0@@D4:<>L9LD8?420DDO8KH@<A<:82DJ4;<:0H8I0D4
L<D@9HK<<<F4A4K0MDIDK@084DMD4H5HJ0<H@05@<0=8L0E@A<306H=HD82DF828@
H9DCD6840L@G8189@:@4DL84@189<;41098A0949@O0DD=8ML7014J<FHC090ED;4
H@7@H49<=0>8H850F@<D948H1H3440<8I@B014ALJ048L<54?0<4IL9DJ0HL;HO04
D408<4H9@K01<241408OH04$000@80@04@1L8<KHF@=4N<HH1DA00H18>4;D7LM@8
DM<K44<DDA@C44@8@800@0444<8I02<4L9H>0A08@E<J42LE4HD2@78<4M0J@C40<
481D10C050ND:4E8ML7DG050:D24GD0D4DA@3@789HM8F@7D2HC<A0KDKHI@948<4
LMD4H98D<<<0HA03040<@J0B0K4AH1DC4=0@DE@@@<4:<DL1@10G4EH082<ID@47D
9DKHB054H<DHA8K<I8C85<A44<BL@DD0@@C0I0@@;LE8NHAHB<60=DA<A4J@C88DI
@2<H@@DFH5@IDH0;42L6<<@482H0H>DD4C414F888J<4@I@3074=LA<BHK<;8388<
2L>HD4?<3<KDJD0034E4KDE0G430<8L000842<7@H80DO@0<$000@80@0M@@4N8<H
1HA06@78=8@0B00408LHAL3464>0@0A004D8@4H8>@4H1H?D24386@146<8HIHC<4
4=LK@J0=DAL5H98FDGD503DA4:0<8782@3<6H<41D2@GLG<B88H9HC4G4O07@B408
G8?<:DG0GD0LJLKHD<;4=8NL;HI@6H<@D8BD30N<@HIDC<78>8M<NHA890ID2<J0B
L6@<@J4G<G4?48<FH?HL0@0100888@@1@B4=0MDN0?@64G<?@KH:H70G4=0C8MDI4
1<:<?<2@GH@HBH5H5<4H8H9D:0J8HD9@D0882L6LD<1<C4E0NH@DG85H=0082DG8H
0G45D>8H8I0D@@0?L$000@3850000428?<G0B<8H9HC45L=4I0@0900<080H90D@=
H=HKHB0ED3L7040@8@020648<4@;87<7@;LI@@@348<LLAD3@B07D64J4K8LD@DE4
;D;L@@@HN46898BDGD=0J4H0?46<FL30M4D00408LLF4H@5@586<J498A@?4H<LH9
D3DG4M04H0DJH>@44><C<48K8<H9HC4F<54<4><KLK@9@2D346D7LI48@E@1@@@E8
5<<LM0EH4HF09@>L648<;L64=0D8K830:DCL@0?L$000@80@0J@H<CD6@>8I8?@94
8<0H8@382060806@:0I0;DO4L0LH1DK4O8@40<481010246<8@D8FDH<N<HD9@C06
4>@KHI004K42<2<ED;D;HC0K8ND8D=0305LD<:@K4A<2H1DC@6L><A<B41HC8BD;H
>@<@@0E0A4M8DL64=LK0G@E44<2LKDD@80C85H5<<8<H3<6H84943L68@41<?DI0C
@=4<8L@8@FDJ4C@68<L:<6@58H0;44L70K<;HMDFDA<;034M8=8D<14=@E0=DDHM8
2H68O80@O@0<$000@80K@944<DLI@BL6@<@80D@04040<8@0<0D4080<81L=HKHB0
ED3L7040@8@020848<4@;87<7@;LI@@@348<LLAD3@B07D64J4K8LD@DE4;D;L@@@
HN46898BDGD=0J4H0?46<FL30M4D0;4=46<FL8L1@C8E0GH38N<@HIDC<78>8J4ID
18F@M48<0HA0C8E0NH0D8H>D34H<HDG01498O8C014;@M0H<DHM82<A@:098DHM02
<N01L$000@80@04@1L?0GHC0146<@HIH3<7440?<<8@0=0D020JLO<8<;HC0K8ND8
D=0>04LADC@F850:DNHD88D0<LLID3@20=4>@J0E@6@3@40<0FH;4<4<@D8JD30N<
@HIDC<G8<D54MD2DB4C84LD@5L=4I0D8>L><N<@H=@ODH004240@@@103448J4K8@
<G47H5<M84HE8?DD4EHA<C080@D5H<@H0:@DH8DF@J4C@68<L:<H@LH7HB8@4N<J8
MDID?@<D2<70DH04C4:4:49HC0:D@HF<CDC8B0:H74L03L$000@80@0H@3HK@G@44
:<LH1<3@208480A0C044088@0<@D10MDN0?@642<<H1@CD6L>880NHH@8@=<BL2LD
H>H?DF41D>4?<>89HEHC8:H@HC@6L8HK<509<DHFD2L2LALB<60=DM<8<=864@0<8
0@98A<C8;03<10?4:<HL1DC47440J8M0I004D8@D1@206D9<34ID>H<8H0B0K4HHA
@3@64<D:L0<8LIDLHOHH@<@6<4@ADC@64>DJ8J0HDNDH@O8F<DL10C<F8<DI41DCD
G4O0FH10<DHD088<KHJHN4=88D=4AH:@GH0LI8K<K0F4L@H0O@G0B<<@H@@@:DG8K
<L89D3<G0F0HL2H8H1H3D4L>DK8BHKLFDA4M@N<0848=D64KD1<6<NL;L1H306L9<
3L1DC<=0@DE@@@<4:<DL1@107478<8;H2DE4;<J<I4@89D2DFL:D3@9<4<BLK@1H=
D1L2LE464D8;D?<D@B@64B<@@=0>0H<4H48=HD8=0GL<L18CD60>@M8MH?<:@CLFD
O4880L1H3DG4<4IL8@644@@H2LC0A0F4JHAD346H<4IHH8B88HC85L<<1<3LF84<6
41@MDK@I094A<K83D4@745H0H9D8@J0A8L4?0H07L$000@3850000428?<=0N8@H9
@346H:DK@D@D46<0L8@383D6480H000A4:@<8I0C<6H=DKHG08D=<F@2LED<LALB@
68<HB82004240@@@A03848J4O8ND8D=864@D9H3078>DNL7DE8ILK8?@D40<@LAHC
@48=@I8F@9D2@8<<8?0A4A430=<KDC0<42<LH5@5@=4D@O468FHN0440<885H3@MD
K@I094A<K83DHDN4=<1@5H98:D8@1D84144<@LAHB<78=D>LHDA@C@A0MDKHI@948
<4LMDD894D<<<LHOHF4>4L<<HKDIDE0A4:HI098306H>DI8BH?0>@KH0H4LAHD<14
5H3@4LH<1<9@<0B<L<=0L@C@L<=0H@0@2870=H4HD8200<OH04$000@O86@:00008
4@NH60@D9H3078>DLH@0900<080H90D@<H=DGHJ0@48<8L9H246H<DK8@01008880
@2<34;H<0A08@ED<8@H9DC0F<F0D@B4LHI<C06L=HI0@0B01<8L7<6L>8J8D8>H8L
>4K@B06L=DL0D8:@K4A<2H1<B@60>8M070E4J<>H:LI@I0A4K0MHIDC@6@>@J8BHH
@O8J<64><OLI@F0@4F<AL4HD8K<E@@@<4:<DL=@A4J<242<JD;H9DKHB054H<DHA8
K<58;HKLM04DFL8<K<H<8D=8A@=0JL3H54<DI@4@4438L4B8A450H@B0LDG0446@@
49LAHA<:4F<CD346@<808143@2L2<:@70IH=4=45<1<<46H0@O@0<$000@806@:00
0084@NHJ0LH9<C85L=HL@D@04440L0@9@B@=H?D24381@?4J<0H5H98BDGD=0F480
144<@LAHB<78=D80:HK@9@H@=H=LLHD@D4B<LHADK<O8J8;4;L6L80L@D0<40<8@A
@C<90GHMLF428@H9DCDF84DO85864>L7D<8@D4H=LI0B@<4:<HD=D<DID>DL860B@
KD8H=D1L3LE464D8ID?<D@B@64B<@@10A040408@1@A44428ED40A8?8HD7<9HH8F
@5D4H:8=<2H64AL54>@H8J0E4G<8<H48L=0=@H8506@6480L0A@J0K00@6H@@@H54
204@F@>0D8?<;4G8848<<H;DHDE014=@D07<L03L$000@<@A000J4800410B0K08<
;LD@2H9DKHB054H<HH94C06H<D809004442864AL54>@H8J0E46<0L8@382060:4C
8D<4@6LL@9D3<G050:DNHD88D084DA@3@789HM8F@7D2HC<A0KDKHI@948<4LID3<
FLNDDD<<LHGHF4244<0HA0346<B4?@KL<<4D1@C<G88D88MH:DM<0D4HC80<HD>@:
DK@:HJH;@4L1H8<K4=DJ@NHN0B4384<K8G@8L98346<94A0@01008880@:<4090=0
<HH8506@6L80J@C0<40<8@1@C@H0@HJ01@C4140@D8;<1@206@4<6@6LH49@=004O
L$000@KHG004J4800410B0K0H<;HF@CH7D:8I8C094880@8@202048C0I@20A4:HD
05L:8A<4H=LI0B@<4L<4@9@C<F86D;HF<A0?49@D42<@H9HCD7440J8@0@0A4J83@
4DG444=LK8H08DE4A8M04@50<4L@J0>4:8DLMDF4I@8@M@NH<H9H3878=4JL9D38C
DND;DBH<HK0B0K42LD<4H;8445<<4K0J@5D28>8EL28N<G8901H2@J<:D>4;<;4><
CD701@<DFL:4;<A014ID20C8H0ALJ0K0@@:D=0<@I@;@=0<H48E83DI@@D@H54204
@F@>0D8K<1D2064>8H@M@H<1424D40DO@0<$000@80@0L@8<B<6L<@I8F0E4L84H1
DCD7440J8M0C004480H10C03L38504@18M8<4I0C<6H=DKHG08D=<F@2LED<LALB@
68<HB82004240@@@A0446D8@D82DM0A<J@J8KH>428DH9DK438EL;4H@7@DHJ0148
<DLMH1H8D><7D98N87<1D5H98:D8@4L84144<@LAHB<78=DALHD4H<8FL6L><J8J0
94G<=H:D9D74G<<8K0E0A4:HHL98306H>DA<C8;@?0<@1L;HH8H82@1028BHC@601
8=<;4A8848<0H10346<24JDIH882<2<:HD48@5H148D6@?4L8H@949@O0@D24N@4D
20<<4H9@K02<0<4@L03L$000@<0@0=0D0000@90M@D4I43<68<DK0:@>4B<@HIH3@
20=4>@H@00A4;0<8I0C<6H=DKHG08D=<F@2LED<LALB@68<HB82004240@@@A0449
LC@70B44428ED8H;LD@2H:<M0@@D4:<>L9LD8?420DDO8KH@<A<:82DJ4;<:0H8I0
D4L<D@9HK<<<I4A4K0MDIDK@084DMD4H5HJ0<HMH3<3870=@@0B064D<4H;8445<<
4K0J@540<885HG8K8H49<086<@44D14I@B0149@90@04H604@@4306@<@@8BH0@04
OL$000@806@:000084@NHF02LED<LALB@68<HB82004240@@@A0449LC@70E44428
ED8H;LD@2H:<M0@@D4:<<L1HA06@40<0D8J@8LE46HL@9D3<G050:D24GD0D4DA@3
@789HM8F@7DBHC@A0KDKHI@948<4LID3<FLNDDD<<LHGHD4B44<0HA0306<=8D82D
F828@H9DCD6840L@M0A0A4LHN8CH4H=LI0B@<4:<HD=D2D=L>LN@B8K<D0MDL4889
D086H@44414H@D0440<4@:044GLC<H0283H082DN8H<I4N80LO@0<$000@80@04@1
H?D3850H@M@><C0884L1@CD78><80D@04040<4@88><B@=88<KHF@@4A<:8<D5L98
HL3H50<4L@J0>4:8DLMDF4L@8@M@NH<H9H3878=4KHG0ED5L3D6<NL1DAH3@6H80I
0C0A4L@O<3H5<<4K0J@540<88AHAHC0=05HML=4N8@H9@346H:DK@:HN4>H8L5LG4
1DK83H5H:8<<8@C<NH9054<<4H1424208480A030N8H@A4B<3@48J4=8084<28C04
4D<4H2044@43060@44D54H@0@5HD@202<K8:80@O@0<$000@3850000428><30N8D
H1D3@B0109DNHD8>@M@@4288H1H3D4L>DK8@0900<484L<8FL6L><J8J094N<HH=D
?DM4C004080H103@74=@@0C0:42<EDAHBD60=@M8B@04448L8LI@A<48>D=<N8@H9
@346H:DK@:HI4K@J<8D5HG4N<K83H5@:8<<8@?<NH9054<<4H1424208480A030N8
H@A4B<30688@D82DM4A<J@<818CD60>@M8MH9D6@5LD8:@=<28<HA@C@FL4DHD=D5
DADD41<G<@@KHHH=@6D808H7464<0H@=@H4HH1D206@H4543@C43@IH1@3464H458
L0>0@0I@;05D4HA@@4L8>L:LJ8I0546<2LCL4L:880>LEL18FLNLL0K8?<6@NLO8K
H8L4HBL74<DIHDH@HID3D2D<<<HCDI0O@O8I84H;8DD64=LK0G@E44<2LBDEHJD2D
;LJ8B08DMLLH>H>@O<086L0@2H2<B4>0N0?@64G<60G@ED>0>8J4<@K0B<2LDHNH5
03@180DBD0<OH04$000@L0G@C40<48AD1H3840>8@0@00448LH1<201D2@@000A47
DA@?4H<LH9D3DG4>D?<8DD@<H>LJ8I054N<4D1D;4N@=H=HKHB0ED3L7040@8@020
848<4@;87<7@;LI@@@348<LL=D@DB<A<M8D<G@60FDM<A<J060;H8HE4F82L5D;88
8BL2D4<H<4HE8?DD4EH1<C<80@D5H<LHH3HC45L84903L6<@41<?DI@1@N<H00@4D
LH0D68N@846<I@2<2<;HLH0DO@0<$000@80@0H@3DMHD@B4:<LH9<386840J8@0@0
04D8@488?@6<20=HKHB0ED3L7040@8@020248<4@;87<7@;LI@@@348<LLAD3@B07
D64J4K8LD@DE4;D;L@@@HN46898BDGD=0J4H0?46<FL30M4D0;4M45L?<<HD8K8=0
I@3<6H=LM8I08D6L5<0@N@442<G0J08LIDMD24L<0H10C440D@9L40@<?4=8@H?4>
0@8B87H=8082LO8G034LHF4A4M8=<I0M82<N01L$000@I8?@@40<48101024648@@
0=0D0000@90M@04IL2L6<<4HHJ0?44<0L<@9L9@F@>H?4<4=8JL2LD4H4CD6@>8I8
D8:@K4A<2H1DC@6L><80D@J484F<J8>0@0@0K4@HIDDL906DHHG@<4N<DH=H;498A
<K87@44?D948<2HGDC<C<6L<@8D3L6D@41<?DL@A@7H<@D8O838M8O8C014=@M0><
3DH@0@4DLH0D5HN@44F<M0I@A@AH84CD?404OL$000@80@0D@@L7@;LI@@@348<LL
AD3@B07D64806@:090>HOHJ02LD4H4CD6@>8I8D8:@K4A<J8F40LIHC<7440J8M0D
00488<H8DI@E@206LJ4L8MH34N<@HIDC<G8<D541D10C0=0ID2<J8BL6@<@J4G<G4
?48<FH?HL0@01008888@1@B4=0MDN0H8<@:8:0J<@LI@MD248<4HE8ADD4EHALC8H
0@H7H?<<8H@0@4DLH0D68N@7458NLL03@14@450?D08OH04$000@80@0B@H<CD6@>
8I8@0=0D0B0OH?DK0A<J8F40LIHC<7440J8M0D00488<H2LI@6H<H>HD<JD30N<@H
IDC<78>8M<O8A890ID2<J8BL6@<@J4G<G4?48<FH?HL0@01008888@1DB4=0MDN0?
@642<<H1@CDFL2DGH4L4H;8G<G@60FDM<A<J020<8O8E@50C40DIH9@40;43L6DFL
0L9H:@7L8<;D2L6H@41D;DI000>42<JDGH80D@5H04OL$000@L0G@C40<48AD1H38
40<@K0M@08640<0HI0CH0H1880@0H@3HLHB@74C<D8ND280<0@AHC@KD=DIDO@4@2
<F4J8C06L=@KHJ@B4;<LLE0I4K@944<DLI@BL6@<@J4G<G4?48<FH?HL0@0100888
@@1DB4=0MDN0?@642<<H1@CDFL2DGH4L4H;8G<G@60FDM<A<J060;H8HE4F82L5D;
8:8MD0DCHA@C8E0GH0H8HND>4><?<L08@FD5LJ@>D:42<K0J0@D1@206L84A4;4@4
1<;D08OH04$000@<@L000040<@@1@C8;D403850000428?<30N<@HIDC<78>880D@
GD48:8F<7<=4L@B@O4B8@H5@?86L6L=LI0JH1L3@208480A0E04428ED3DCH5L<HH
8A@D4N<FHH8NLH@8@=<BL2LDH>H?D2438HHI<50:DNHD88D0<LLIDK@<8D@><<<L4
7@38346L80I@0@C8ND44F<4L4LE8ADLHB@74C<486HNL24AHC@546<6<M88LE@1@@
@E8=D8HI@H0BLC460E85DHHI@78H8E4E8F<14@@E43DFL=L4HL03L$000@2@@000E
4@L7H1DM4E894C064>8KH30=DD<1@90D8HL;HN8KDL<4@9@K<O8B008880@2@4<:@
;8I@20A4=<4DL@9D3D6L<@LH@090D<4<0LA02H6880K@E0K49H1@386480L0F0K48
81D3<6<N<D<K4K0:HC<680<0L9@;@7H8<J8I034:<4L1D;D;@9LE@9L?<A8F054;<
JHK@J0C4A<=LA<:0:HE@60L@=D3DFLALAD24G4?@1LB@FLF4<D14@0O4048L1DC@H
DH40HID?HB@G8D@68HD4H=LK8H0@D7DGH60>8M070E4J<FHO@2L=074B4?D;L80DD
5DLH?<<<LH;HD0:4L<0H10346@B4O@KL<<4D1@C<78<D80I0J4240<4@:HMHD8C<6
L<@I8F0E4L8FHA8<<>4L@B8K<D4MDL4486D8HF@=<ALB@68<HB82004240@@@10C<
;0<H8DJL?HIL2@78<4M0J@KDNLE07H=<N<@D1H3@78>8H<EHA4<8901@5L6024<<E
D3<6<=@H8C@@D4DAD6@;LHH2H7H<@80I0@DD<CD3<74=4:4G<@<4@HLHDD0@42<90
L0G0C860>07@L03L$000@80@0H@3DDHJ0148<DLIH3@20=480H000J48044GH2LA0
6H;LM0H0D44<DL10C<68=D800@0444<8901@5L648@D8:H64H<4HI@;4;0J890N<<
DI@3<6L<@80I0@DD<CD3<74=4:4G<ND8D=060L@9D3<G050:DNHD8HD084DA@3@78
9HM8F@KD2D6<>848FH?<6<4L1DCDF@4DF4OH>@I@K@7L6H=0L0E@G<346LJ418;41
4H<DH9HK428DL4<4HE8GDC8G@44:<@H9D2DFL:DG@GHJ49<=H@LFH@LA<J@30J4EH
7D:8I8C094886@H88D2<:4A0:4F@1L34AHB<L40D4HF0I4>46L=@H@0@4870=H4HE
0>0C@J<J8:H2HL8=@10O00L$000@80@0H@3DK8?@94N<HDADC@6@40L@@0@004D8@
488=@ELGH101D@HG@=40<2LDDI8;HB@AH7D:0H8I0D4L<D@9H3<B02D6L4<4L<8G<
6L><J8J094N<HH=DODM4C0G4?L<HK0B0K46LL<4H;8445<<4K0J@54;<L8>@H@8@>
<?<9LB<6L<@I8F0E4L8FHA8LHCH60>8I4MDJ0NH>0B4384<K8FD8L98346<94A0@0
100888@@1@B4=0OD:4F@KL6<@D9H3078>DNL7DE8ILK8?@D40<@LAHC@48=@I8F@9
D2@8<<H?0@4A430=<KDC0<42<LH5@5@=4D@O468FHN044A<I8@DD0IL>464<8NHJ4
G0A4M0>H60LHG0C0D0H8>49@@45DAH8LM81HO00L$000@8080?46<4L1DCD6@=LK@
@090D<<<0HA03<40=0L@A00448HH1D3<403850000428?<F028@H9DCD6840L@;HF
D;H<0?H8@E8J0L@1DC468=@E8G0EDE@G49H3@@H688<KHF@=4?<O090ADNHD8NDM@
B4:8HH9@284840@8@020644@@H90F@08?DJ4GDL<4@9@K<<848FD<H24N<C0884L1
@CDG87<2@IDND50I4ML6@G050:D24CD0@4DA@3@789HM8F@7DBHC4A0KD6488;<BH
=@J0B0;4:L64<@083<884<2<502@C8346D=@084<886<2<M@@D2HN01L$000@80@0
M@K40<D8@4H8?@640L50<4L@J0>4:8DL1DA06@40=@48>H?<6<4L1DCD6@=LK@JHB
LAH3440<0@0E0244<0HA03468241<;414H<DH9H3420>8EL;8EL>D0L2<ED88B<6L
<@I8F0E4L8FHF8LH78>430I81@?4J<DHMDL44<6D8HF@?4ALB@68<HB82004240@@
@104H648@D82DM0A<MH3D4L<4K82H2<E46DA<C0HL2@78<4M0J@KDD4=0EH8L94?H
DLH48DE418;DD4;D50>8I0=@HL@H9@<08<=0<@087L88B<2<:H>@D<84H<0H10346
8>0H84<6@64<42D98L@B8202@KDB04L9HC@8800AD444<84H07L$000@K8H004J48
00410B0C0H<;HB@AH7D:0H8I0D4L<D@9H3<20=480L@8@M@NH<H9H3878=4KHG0ED
5L3D6<80H00084@<@H1D2064<HI08@5<<@4D1@C<78<D80I0J424N<E890KDC8G@4
4:<@H9D2DFL:D6@NL@@B49<1@?4J<DHMDL4486D8HF@=4ALB@68<HB82004240@@@
A0449LC@70B44428ED8H;LD@2H:<M0@@D4:<>L9LD8?420DDO8KH0L3L14I@B0642
<A0B0H09@L094@880@@O@=0@8GHO@=@<8G80<OH04$000@80@0N@04I8C<74=4M0D
@?4L<0H8@383D6<80H000448<@H1D206<?L6@:050ODM4H498306H>DI8@0B0?<BD
C0JL@4A4:HD4I43<68<DK0:@>4;<;4><CD701@<D@HG@=4J<NHN0B438MD8DM<K44
<DDA@C44@8@800@0444@8I41@B4=00DO8D8?<HL94C0FHHD8@=8ID48LH64@D9H30
78>D>L50C8M<:4B8=<28<HA@C@FL8DI<=D5DADD4A<:83DJ4AHA<>0KDJD00=4E4@
4D0<4@<LH380HDD:0I<=L?4H4:40<0LA0C@5DJ40@DL<0<8K8L80L18DLFDN4G<5<
=4L@B@C4A<IL2<54D0G<:L@DK<?<>0MDOD@80H4L3@D@6HDLI@K4B@F0?4@4306HK
<5D1864<H0HEL<@48JH38N<@HIDC<78>8:4M4:LKDN44D1D;4N@=H=H4LAH5L>0@<
F<E0G0@8LLA<K4@DL8=D@DB<A<4HHLCHG@60FD8LL4:@50E45D<L>@8H2<JDGH@@5
H04OL$000@806@:000084@NH>04LADC@68;LJ8B004B40H0@9@F@=H=HKHB0ED3L7
040@8@020<48<4@;87<7@;LI@@@348<LLAD3@B07D64J4K8LD@DE4;D;L@@@HN468
98BDGD=0J4H0?46<FL30M4D0;4=460FL8LI@NH<@D8JD30N<@HIDC<78>8J4ID18F
@M4F<D8>0D8K82LM8G8D014;@M088<HC04H4HE8EL@4:4DHB474E8K@0@2<DH0DO@
0<$000@KHB054N<0D1HA040408@K02004D8@4082040F40L7@;LI@@@348<LLAD3@
B07D64J4K8LD@DE4;D;L@@0H>LJ8I054A<:8<D5L;86@>0KHI@04B48H0LID98C<0
408<HC<2D0H4H;8AD64=LK0G@E4;<BHJ8D86H9L90;LJ8B08DMLLHBHM8D<4HF0D4
1L3440=HD8O83430JD<D>L@4208<4H50M42<I080E4C88L7<><ID0@>4LH0DO@0<$
000@80@04@1H?4GHC0146<@HIH3<7440?<<8@0=0D020J<G8DL5L88@<7<=4L@B@8
DE4F82LDD<<1LC@6L><80D@J484F<J8=8@0B0K40H1H2060J4=8I@54><6H8D=@MH
D<3470M<FHDLLHNDK<8H5@6DLH1DC<6L>DA<9L;8J@>@L<B85L=4I0D8>L><N<@H=
@ODH004240@@@A03848J4K8L4@D94OLD0DHO8M05@4LE8?DD4EH1<C4H0@D5H=H=H
ILND1<3L5DI0@0;48L70K<C<B42<E@=0484H>0D4OHJ0OD602H7HNDJ4C0@4><ND3
<4HK0@@B0K804OL$000@MHD@B4:<LH9<386840J8@0@004D8@4082040F40L6L=LI
0JH1L3@208480A0E04428ED3DCH5L<HH8A@D4N<8H1HI0CHC0=0MDN8H8J@EH5LFH
44=H9LIHI4:DJ<I8B0N<HH=03<<DI4F@NHL8L8>428DH=D?D905D0H:HA@80=4842
<=<0<44=LM8G0446<FL<0J8B40<8@1<3440=HL00084F<3D3@6<=@@0C0>4B<=L6D
=8L0N@3DB<I<B06@>8HHJ@948<2LJL2<M<I<CH48=@I8BH2D6L>@LHL8K<48B@2DO
<1D?4;<HLE<2@DD74:8O43H50=L<<@<C8N<>81L1HC48DH8HHI@L81HD<>@FLHLC<
6H>0<4AL5HA@3@789HM8F@CDD4<HL@8@NH?<04B<FH30MLI4F8;H78=0L@=@<L@H9
@E@M8ND<04D1@C<78<D80I0J4242<BD5@C89H2H=@E8G0EDL8;03<G4L@>H=0?<G0
90AD24MDK84<DDA@C44@8@@<C<?0DH8@JL?HIL2@78<4M0J@C4A<AH2@=DGHJ0@48
<8L=HK06@:41@A4L40D4H<8E@>D<<@H9DC0F<F0D@B4LHI<K0H8@LM@901@8<7<6L
>8J8D8>H0L84AHG<644<LH3@AL0@=H04OL$000@80@0F028@H9DCD6840L@M0A004
080HA00H18C<AL7D6@?48<DH1@C<58=HJ8J0C40<485D?8A444=LK8F@?4L<2HEDJ
4;HF@CH7D:8I8C094880@8@202048<HA08@M<JL2LE4HD2@78<4M0J@KDNLE07H=<
N<@D1H3@78>8A8F054J<6H:41@A4L44D4H<8E@>D<<@H9DC0F<F0D@B4LHI<K0H8@
L1@10G4>0F@><4<4L5D=8>L2@HLEL64G050:D246D0@4DA@3@789HM8F@KD2D6<>8
48FH?<6<4L1DCDF@A<4HADAHC4O<<L0HA@C<?D68<@D82D0H<<AHB<145H3@4LH<1
<9@<0B<L<=0L@=@4LHH1DC@8008HL1<M@0DO@0<$000@80@0H@3@O86@:0A0=DK06
<@D9H3078>DLH@0900<080H90D@<H=DGHJ0@48<8L9H246H<DK8@0100888@@B<6L
=HI8?0@44428FDAH346H<4IHH8B898C85L<<=<A@1@10G4>0F@><4<4L5D=8>L2@3
<1@?4J<0H5H98BDGD=0F480144<@LAHB<78=D>LHD9@H@=H=LLHD@D4B<FHL@JLBL
IHO85H9<6H<8I000444<@L9DF@88:HH8F0E4:<FH8@;L4DLH>D24=DJLL@1DC468=
@E8G0EDE@G49H3@@HF8K<E0MDL44<6D8HF@?4ALB@68<HB820AD@01@A4A450@0=0
=@=@ML7014J<FHC090ED;4H@7@L4<4<HN02<C83474@428D4B414O@105DD8K@>48
8><0<0@1DC@1<MDE0C0H8@0?L$000@80@0H@3@E@@@<4:<DL1@107478<H@0A0040
8LH@L0H18F4OD?<C8G@44:<@H9D2D6L=4M0I@04B42HCH688<KHF@=4N<HH5D;8D<
GD=07D?<D@B@64B<@@10A040408@60A44428ED80;L>@ML7014J<FHC090ED;4H@7
@DHJ0148<DLMH1H8D><7D98N87<1D5H98:D8@4L84144<@LAHB<78=DAL4D4L<8FL
6L><J8J094G<=HD<LHF88@0<@L1@2064=@I08@5<I@882<2<:HD48@5H1484J41D?
4L8H@540@@@24N@4D600<@H9D4088086884;L@8A0M8HD94L0LH685L80<@H@@@94
086<04OL$000@80H@0004N<8<0<0D4080<81L9DKHB054H<DHA8C<6@>@LH@090D<
<<4H3@<D@HG@=4J<LHAD;<F@8H?<J4?8NH9054<<4H1424208480A0<0488<4@;8@
4GHM0KH>428DH9DK438EL;4H@7@DHJ0148<DLMH1H8D><7D98N87<1D5H98:D8@4L
84144<@LAHB<78=DAL4D4L<8FL6L><J8J094G<=HD<LHF84@4<@L1D206<<0K08@5
<<@4D1@C<G88D88AHAHC0F0184D>89410A8=HI02<4L9H<HH85LA@D05L@4306H<@
082428D0145H28=028<HA@C@FL4DH4=D5DADD41<G<@@KHHH<@6D80;87440=@0H7
@@<8@D0@0?L$000@80@0I@04I8C<7440J8M0E004880H10C07L<HH0=@4D0HA00H1
8FD6L3LO8486@=028<HA@C@6L8<KHG0D4K<3H;DB@=8?<:47828D4:HO0N8@88<8H
9H@L8<2<HH>0N4G<5<=4L@B@C4A<IL2<54E@G<:L@DK<2D>0MDI8J8:0><:LL@;@J
L902DHHG@<4N<DHAHK@G8G@40:8N<@@N<4D1D;4N@=H=HKHB0ED3L7040@8@02084
8<4@;87<7@;LI@5HDLFL2D9H5HC8F0NLL@@DE47D18CL8<9<AL2D2<D<4HE8?DLHB
@74C<386H:<H4HH1D2070K<EDK<BH<@48BH@HG8K8<H082D=8ALGH>8D8K82H?0D@
?LH07L$000@80H0?46<0L8@383D6@80K@00040<8@1H206<806@:000084@NH60LH
1DC<6L>DL@JHLD0DB4C8KD944<DLI@BL6@<@J4G<G4?48<FH?HL0@01008880@1DB
4=0MDN0?@642<<H1@CDFL2DGH4L4H;8G<G@60FDM<A<J060;H8HE4F82L5D;8JH0<
IH<<G4A4M8<<E0M<444HB0D40LC4K<2@J46H><I8C@9D14C<O<<H8HA@C<:42DI@E
09H4H<8=D40:@=D64D<E830648414?HI00@5HN@14O00L$000@<0@0A0K44<N<940
<0D4080<81L<<KHF0?4:<8L1HA06@40<0D86DG<B<8H9HC45L=4I0D8>L><N<@H=@
ODH004240@@@A03048J4K8L4O4<84HI@3078=L5<C@;@:@3LLD@DE4;D;L@@@HN46
898BDGD=0J4H0?46<FL30M4D0;4M42D;4<0K08@FD5LJ@>D442<G0J0@DI@>D@42<
B@>@14<@60I<I@MDG4?H24=D6@DLI@K42@F4G4AL<@L0H0G4E8<8H0=@FL6DC<80F
8M8=08HND2D2HN01L$000@<0@0=0D0000@90M@<49HC46<><80D@J4<40<8@1@206
8>0L0M@=LGL=H;<F8A4:H=4I@3<6H=LM8I0ED6<B0A0I4K@944<DLI@BL6@<@J4G<
G4?48<FH?HL0@0100888@@1@B4=0MDN0?@642<<H1@CDFL2DGH4L4H;8G<G@60FDM
<A<=DA0K<B<><>8JDF@68L@G@64K88H;468EDGDG0?0C@@@=4;<3L:8A<@42D4<:@
;8J0H@K880I0C<78=HI08H0H7480F@B004L8HHID>H>02H306H>0J@0084><C4GLD
<K4A0386D3<6HH<4H:H188<J8I034:<4L1D;D;@9LE@7L?<A8F054;<BHK@J0C4A<
=LA<:0:H5@60L@=D3DEL:HB@LH90LD?<D0G@AD3D=8IHJ<7<M<<H>4H<64F<G0H<5
0L4MDN4DH1D;@K0D<1<4<@LAHB<78=D<LE@3474B4OD;HH0D@5DHH?<F8E@BLAHC4
O<5D8H1HC4=0@DE@@@<4:<DL1@107478<8D8B88LJ<I4@<9D2DFL:D3@=<4<BLK@1
H=D1L2LE464D8;D?<D@B@64B<@@=0>02@ILC@M0K8MLC4884L1@CD78><J4B4D<ID
2L78>0M0I01DC<4HA84464G@H08@A@FD=HI@F014><2HBH6@J8?@34;<O0B03DC4<
4=0LL8H9H;8J@MH60><7@L03L$000@80@0K00<D8@4H8>HF40L50<4L@J0>4:8DL1
DA06@40<HL@8@=@NL<H9H3878=4KHG0ED7L3D6<80H000<48<<H7<64>8I08@5<<@
4D1@C<78<D80I0J424N<E890KDC8G@44:<@H9D2DFL:D6@NL@@B49<1@?4J<DHMDL
4486D8HF@=<ALB@68<HB82004240@@@A03448J4O8ND8D=864@D9H3078>DNL7DE8
ILK8?@D40<@LAHC@48=@I8F@9D2@8<<8?0A4A430=<KDC0<42<LH5@5@=4D@O468F
HN0440<885H3@MDK@I094A<K83DHDN4=<1@5H98:D90><;@A@347080J0@0>42<90
L070C4L0H8>468G@H00@6H747H20AD0H9H10>878L03L$000@J8J0C40<48ADAH30
40<0@0=0D0000@90M@<4I0C<6H=DKHG08D=<F@2LED<LALB@68<HB82004240@@@A
03048J4O8ND8D=864@D9H3078>DNL7DE8ILK8?@D40<@LAHC@48=@I8F@9D2@9H9<
;<345L6024L<ED7<6<=@H8C@@D4DBD6@;LHHJH303420>8L4=0LL8H9H;8J@MH506
H;@><>0:4E848=818983074>@C@J@=4G<5<<H48>H?<6<4L1DCDF@A<4LADIHO85H
9<6D<0I00024H<4H<8445<<4K0J@54;<D8EL38CH8LF@;DB<6L<@I8F0E4L8:HK42
<BHF820<@CLD420<0<<?<HL94C0FHHD8@=8ID48LH141L6<@<CLJ0I0H014B@10AD
9@>02H;8H07L$000@80@0H@3@NH@0=0D020K<F40L983074>@C@J@=40<481D10C<
A0KDKHI@948<4LID3<FLNDDD<<0HA0C<ND2@8<0H103@68J4M8;014H<DH9H3420>
85L280<0@I@AL902DC8G@44:<@H9D2DFLBD6<JL=4H<:0<HI0C<6H=D1L3HE464D8
GD?<D@B@64B<@@10A040408@60A44428ED80;L>@ML7014J<FHC090ED;4H@7@DHJ
0148<DLMH1H8D><7D98N87<1D5H98:D501<I<A@C<H0A0F0I00@?H@@4D4LA@H808
J<H8682<4H<4A414E<6048BL@@D0K0@H7@>4L82@08=01<GLO@04OL$000@80@0O@
60L@9D3<70403850N@C<3HNHD8>@M@@4288H1H3D4L>DK8@0900<484L<8FL6L><J
8J094N<HH=D?DM4C004080H103<64<@@0C0442<EDAHBD60=@M8B@04448L8LI@A<
48>D=<N8@H9@346H:DK@:HI4K@J<8D5HG4N<K83H5@:8<<8@?<NH9054<<4H14242
08480A030N8H@A42<3448J4=8N@8D=864@D9H3078>DNL4@C80L:4E8@<B8O@<8K@
F0148@90<04H604@@4346L@41D14J00@2L146@146<8HIHK<B8L0FHBHHHJ0@D;D8
8=L<<F8384004OL$000@<H@0@004880H10C@=DHD00J4800410B0C08<;L@@0H9DH
8A@B4N<<HI03<6L>@K<D<A<:8=D5L98HL3H50=LLH@090D<D<LH044H203860<8@8
:DE02DGHG@K0G0@4J<L4J0@@64;@O@MH983874<DLHL8N<8@18M<MH:DL4>H0D;@G
<F86@J@K@2D64<@EH=LD@28<<KHF0?4:<8L=HKD;H24E4?408O8B8@H5@?86L6L=L
I0JH1L3@208480A0D04428ED3DCH5L<HBLJDK<184L2L9DM0?<N8H8J@3H@DKLD4D
DI<C44D4HE8?DD4EHA<C480@D5H=@8H2L688494BL40HDE@@0?L$000@80@0I@L49
H3874<D806@:0E0><7HM@8DM4K00<LLID3@20=4>@J000>40<0@1@2064<8@0C0A4
:H<8I@3<6H=LM8I0EDK<5<486D9L80;LJ8B08DMLLHLH1DK4O8@40<481010246<8
@D8FDH<N<HD9@C064>@KH:HO0CHC0=0MDN8H8J@EH5L888<50M408<L>@442<B@>@
842<E0J08DIH<<H4A4M8<<E0M<444HB0D40LC42D0L2<JDGH80DL5H04OL$000@=0
@0A004F<1<H@ID3L1D2@@000A47DA@?4H<LH9D3D7440J8@0@0A4JHM@9H3874<DG
HD@44A<KHIDID3<F8ND0<0L8@202048<8A08@=<@LLLA<C460<<M0G@ED>0>8:4?D
B@2LDH>H?D2438HHI<50:DNHD88D0<LLIDK@<8D@J<G8B0G4;D24MD6<DLI@K4J@F
0G4?L<HFH;46L6@G<;<B4A4;03430:DO4HH=LD<4HK@=8B<24H<4H;0E4=H4H>0D4
G8C4K<4<4LE@=8EL2<C@98<46H@42DI80HO@0<$000@80@04@1H?D3850H@M@?<MH
D@B4:<0H4@88B<GD503D?<L0G@C40<48AD1H3840<8>HH400<4N<4L:8A474<DIHD
H<H?DH@0044H<<H7DL0=@4L8HIHG@24=<AD?4H<LH9D3DG4FDA<C8>0;@N84D1D;4
N@=H=HKHB0ED3L7040@8@020448<4@;87<7@;LI@@@348<LL=D@DMLA4A4JH5H5L9
@MDN4E8HLMDI474G4=8;834>8KH30=D2<4<:4E@M@C@@@=4;<3L:8A<042@4<:@;8
J@H@K880I0C<78=HI08H2H7480F@B004L8<H:LA<306L9<98A@306<80J0D0:46<7
LC8;D6D=@J000640<4LJH:48<J8I034:<4L1D;D;@9L0@IH50H8DH=@;4><8<<L5H
GH5D289<K<188<KHJHN4E8@DC<CHD0C8CH=8IHK<GDHD1H@HID28<@F<AL4HA@J8K
H5H=LK8H0@D7D@060>8M070E4J<>H@HC<B42<K4OL0D;@K8D8G48L<H0HGL<HK@00
44@<0H9HF@88:HH8F0E4:<0H@@3@3D64:4I4DHM4<@H<DHA8K<58AHJDB49<=H@LF
H@LA<J@30J4EH7D:8I8C094886@G0@<2<24>L:4F@KL6<@D9H3078>DLHD84<9DC<
5L>@L0J0B43<FH9D2@8<<8?0@4A430=<KDC0<42<LH5@5@=4D@O4682HN01L$000@
KHG0440<881H1030403850000428?<=0N<4DID2L6L>8J8D8>HM<A<J0<0I0C<6H>
0:4E8M@8DA<0D983074>@C@J@=40<F8L8<HL@8@=@NL<H9H3878=49<<8ODM4C0G4
?L=@J0B004480H1DC@=0@DE@@@<4:<DL=@A4J<242<JD;H9DKHB054H<DHA8K<58C
8?<H8I04DFL8<K<H<8D=8A@=0JL3H54<DI@4@4408481010246L8@D8ND8LJ4?HIL
2@78<4M0J@KDNLM0L8D80<@LAHC@48=@I8F@9D2@8<<8?0A4A430=<KDC0<42<LH5
@5@=4D@O4682H=0L4703474K<B474;<080L3@<L2<;@709H@H2LC0H030HL0<OH04
$000@80@04@1L:0KHI@948<4LID3<6L40J8M0C004080H103@64=H@0C0644<0HA0
0H18>4:D7L;014H<DH9H3420>8>@6H1@4H;8FL4H=LI0B@<4:<HD=D2DID7D<4L@2
88<KHF@=4?<G090ADNHD8NDM@B4:8HH9@284840@8@020:48<4@;8GLGH905DDHJ0
148<DLMHGH8LND;4C<5L>@L0J0B4:<@@9DC4FHA4<8I01@5L6024<<ED3<6<=@H8C
@@D4DAD6@;LHH2H7H<@80I0@DD<CD3<74=4:4G<D<70?HADH48DE4A8E04450<4L@
J0>4:8DLMDEHC0B42<F47DBHL<<8H0@0:4><IHG<144@>03H9D:0L47@DLDDED5@N
0I41H6@<8I00@64>010O00L$000@2@@000A47DM@04J420DD<LALB@68<HB820042
40@@@A03448J4O8ND8D=864@D9H3078>DLH@0900<084H;8GD6H;LM0H0D44<DL10
C<68=D2<HD2038;H<048HH;86L<HK0@@741<9<38=4GHA@?4L<@H1@10G4>0F@><4
<4L5D=8>L2@HL1D?4J<0H5H98:D8@1D84144<@LAHB<78=D>LHDA@C@A0MDKHI@94
8<4L=D94E@7L3D6<NL9LA@3<68M<=H8H9@F@88:HH8F0E4:<FHH@M4A0A4=8EL4H=
LI0B@<4:<HD=D2DEL=LN@B8K<D4MDL4486D@HALL<<@@81<HLJD0@7H74EH<HJLI@
K42470L0F@C0D0H8M4@0?L$000@C@G@>4:<HH1<1@24403850000428?<=0N<HD1@
C<60<LLH@0900<084H=8FL6@;LHHJH303420>8L4=0LL8H9H;8J@=H?D24381@?4J
<0H5H98BDGD=0F480144<@LAHB<78=D>LHD9@H@=H=LLHD@D4B<FHL@JLBLIHO8G8
04H8HHAD3040<8K@I0A4:HI098306H>DI8BHM0E<JH1<9@:@K<6D?48<DH1@C<58=
H5<=<EH2<@LD4M@6H=8?<O090AD24=DKH4<DDA@C44@8@800@0444<8909@8@048@
:4EL?0HL94C0FHHD8@=8ID48LH64@D9H3078>DB4G42<O@@@<HHHI@10AD9D<08<=
0<@08@488;<BH>0L0B0;4:L64<@@8A4J008OH04$000@80@0D@@L44=LK8F@?4L<0
H8@0<@D<@9L3LNHD8NDM@B4:8HH9@284840@8@02064<@@H90F@08?DB4;86@?48<
DH1@3<4L<4K8B@EDN4C88DI@<<18CD60>@M8I@04B40H0@9@B@LH50I4ML6@G050:
D24CD0@4DA@3@789HM8F@7DBHC4A0KDKHI@948<4LMDG894D<F<GHI<28AD3<6HM<
58@H9@F@88:HH8F0E4;<4@L@;H4DLH>DB43@50DHE<L8FHF8LH78>430I888:4=0=
008@D884<><D40@88@@DH4HI0189DB<60<<L@G@5D;8=H=<=41@;DK0@DMH=D>@:L
0<D@DDKHAH1DC<=<30<8D408OH04$000@80@0L@H<3H201D2@28>L7D80?46<0L8@
383D6D80I000040<8@A@3060=@@0G0K48D2<DD9H;L@@0H9DH8A@B4N<<HI03<6L>
@K<D<A<:83DDH>0<83HAHI@0@282<JH805<;03<G0F08L2H8H1H3D4L>DK8BH1L20
6HB4?DBD@H9HK8<8GLOL<HMHFL346@M<<8@H9@H@88:HH8F0E4:<0H@@K@E<HH546
0J4586@?48<DH1@C<58=H5<=<EH2<@LD4M@6H=8?<O090AD24=DKH4<DDA@C44@8@
800@0444@8941@B4=00D:4J@5<KH>428DH=D64B4;8F<A0?49@D42<@H9HKD3DA8L
H?8N02<C83<6D<8084<884<2<102@C83040<@I@M@A<<48<4H7@881<O00L$000@<
H@0A00408LH@L0H1880@0H@3HC8G@44:<@H9D2D6L=4M0I@04B48H4L5@<D@HG@=4
J<LHAD;<F@8H?<J4?8NH9054<<4H1424208480A0<0688<4@;8@4GHM0KH>428DH9
DK438EL;4H@7@DHJ0148<DLMH1H8D><7D98N87<1D5H98:D8@4L84144<@LAHB<78
=DAL4D4L<8FL6L><J8J094G<=HD<LHF84@0<@LI@7H346HJ418;414H<DH=HB4B0D
<4<4HE@88A4;@28@8D83<N8H@A4B<C0N01<4<M09<40HH1@C480@@0@<@@8GH0@24
94304LH408DHHHID4D<02<4H?@8@0LAH@0?L$000@80@000J4L@1DC468=@E8G094
8<<L1HA06@78<H@0A00408LH@L0H18MLA@7<1@?4J<DHID3<FL=0ADNHD8NDM@B4:
8HH9@284840@8@020H4@@@H90F@08?DB4;8K87<9HH8F@54;<L<6DA<C0HL2@78<4
M0J@KDD4=0EH8L94?HDLH48DE4A8M04@50<4L@J0>4:8DLMDF4L@8@M@NH<H9H387
8=4JL=DJ@;@BH=@I0F00488HH1@C4=0@DE@@@<4:<FL90I0J4242<:DKH70D48@5H
1484J41D?4L8H@I49@O0@D24N@4D608<HH9@4088@820H098:0BL@01@3@68H488@
8@0?L$000@80@0D@@L44=LK8F@?4L<0H8@0<@D<@9L3LNHD8NDM@B4:8HH9@28484
0@8@02064L@A42<4L6D8@D8JDM0A<J@<818CD60>@M8I@04B40H0@9@B@O850JDNL
3H;@B@E8A0KH@8288H1H3D4L>DK83H9<9HH@=H=LLHD@D4B<>H2<DDJ464><KLK0C
0240<8@A@3468J418;414H<DH9H3420>8>@H@8@><?49LB<6L<@I8F0E4L8FHA8FL
7<?894A098H04H604@043470<@@00@58L@>L2<;0H88<D080OH@0?L$000@800@04
44<8I02<4L9H>0A000J4800410B0K08<;LD@2H:<M0@@D4:<<L1HA06@40<0D8J@8
LE46HL@9D3<G050:DNHD8@D0<4DA@3@789HM8F@7D2HC<A0KDKHI@948<4LID3<FL
NDDD<<LHGHA404F<5H<HI08@5@<@4D1@C<78<D80I0GD98I@M<4874F0DLI43<68<
DK0:@>4;<;4><CD701@<DFL:4K<H<8L=8A@=0N<3H54<DI@4@44381464E414GL:@
MD3D4L<4K82H2<E46DA<C04L4@@@2HGLG<B88H9HC4G4O07@B4M@>8NLE8>0N<28C
@FL:428ID0D>@5LI4?@A4:H<<I@3<6H=LM8I08D>DFH@HN@4D1D;4N@=H=HJLIH2L
G0B4BD9D8@EDL0O4<84HI@3078=L5<?@9L9@F@>H?4<4=8AL48E020J<<L8DI4A01
498O8G014MHO80@O@0<$000@80@0N@04IHC<7440J8M0D004488H1@2060K<H0K40
DD8@488=49D1L<<KHF0?4:<8L=H;D;L24E4K4CD6@>8I8?@948<2HGDC<C<6L<@M<
0L1HA040408@J@20A4JH1HIL2L6<<4HHJ0?4;<L4L@D8O8505L9@MDO8486@A@BL:
4E8M@8DA<BHJ@<LN@A8=0CL74<DIHDH@HID1<H@G0;44L6880I@E0O4984H<8=4E0
E<AD4H>0D46HC4D4@DC<D08@1<6<@41D?DIH5@6@:4=D1@>D?DL00@0HN@14O00L$
000@80H0?46<0L8@383D6@80H@C004080H103474K<0<J4800410B0K0H<C06L=@K
HJ@B4;<JL:L8@=8>H4LADC@68;LJ8B08DMLLHLH1DK4O8@40<48101024688@D8FD
H<N<HD9@C064>@KH:H70G4E07HI81<:<G<GH101DL<<DB@58?<J4D84DND;4:468=
8D8K830M8O8F014;@M0@<DH685LD8ADLHB@74C<486HNL24IHG8H804@88HI@E03L
A@J@2H2<G0:0C<IDE0MD4HA@=8ELJLE0=H8HID:L6H8490=D6LH49HMD@0?L$000@
806@:000084@LHF02LDD<<1LC@6L><80D@J4840<8@A@3<40<0@0B0:4F<3<EDHHC
06L=@KHJ@B4;<JL:L8@=8>H4LADC@68;LJ8B08DMLLHLH1DK4O8@40<481010246H
8@D8FDH<N<HD9@C064>@KH:HO0CHC0=0MDN8H8J@EH5L88H<?03458O8B004><?<H
@I0A4M8=<<0:@3L64:DCLA06H@HG87H=H082LO8C034J@B81498I@@<2<K0J04LL0
3L$000@<@@0I004080HA00H1880@0H@3HHHG@<4N<DHAH3@20=4:4C<KD944<DLI@
BL6@<@J4G<G4?48<FH?HL0@01008880@1HB4=0MDN0?@642<<H1@CDFL2DGH4L4H;
8G<G@60FDM<A<J060;H8HE4F82L5D3870=LLH2H4<3D6@80I0?@;444>008J4O8C0
K4HH9@:@;L0<D<O8E034?DH00@4D?DK00@5HN@<4><?<I0B0142DJ@0HO@0<$000@
80@0O@>04LADC@68;LJ8B004B40H0@1@201D2@G84D?4>0N<@H=@ODH004240@@@A
03<48J4K8L4O4<84HI@3078=LL@@0M@A4A4JH5H5L9@MDO8486@A@BL:4E8M@8DA<
0HIHC<G4HD900L1D2068=@>H@4I0A4M8DL64=LK0G@E44<2LKDD@80C85H=H3HADI
@EHC480F87H>0=HIL>D4@2<=0JH8LI@D07H;0645LL03L$000@2@@000A47DL0O4<
84HI@3078=LL@@0M@A404D84498G<G@60FDM<A<J0L09H3874<D:4E8M@8DA<0HIH
C<7440J8M0D004880HIHMH18:40<0@9@F@38><I8C@9D24C<O<A00HID?8EHG<C4=
DFH4@2<F4J@C06L=@KHJ@5D7H=4:4J<AD9<GHD@44A<KHIDID3<F8ND0<0L8@2020
48=HA08@=<1L1HE8HLMDI474G4=8;834>8KH30=D2<4<:4E@M@C@@@=4;<3L:8A<@
42D4<:0;8I@H@K880I0C<78=HI08H1H7480F@B004L8LH>8=DHLHHI@<HI@G0I4FL
386H=8O8AHI4<D903874<<M8D@D4A<M<A4H0148DK0B@5D5<=HM0I@HDFL8D<8<4K
<=LI0K<78;HDD>0J<1L:@J<=L30GLFLK0HLO4HD3D:HD85D7L=DL0H83H;D3074>@
C@J@=47<8<EL;D:@GL2L60=4A<N4CH5@M<DDF<KHK<5DOD;0JDM<H498306H>DI8@
0B0D<4<4H58;46@CD5@K0:@>4;<HDF46H>8I4MDJ0NH>0B4384<K8FD8L98346<94
A00H6LN49@A4EHODCH54>@H8J0E46<2L3D54K8?@D40<@LAHK@F0=44D0<OH04$00
0@80A03028H<1<1@24403850000428?<=0N<HD1@C<60<LLH@0900<084H=8FL6@;
LHHG@>48<0H@@;@70K8G4B4B<2HFD;<;L@@0H8<KHF@@4A<:8<D5L;85@:0H8I0D4
L<D@9HK<;D644<4L<8G<6L><J8J094;<28M<9LHLI@OD:<L<HHIDG8B<442<EDB0B
D60=@M8B@5D>478<8D8K8E<I43<68<DK0:@>4;<HDM<3<GDL@>H=0?<G090AD24MD
K84<DDA@C44@8@800@0444884HD820D<=0GL<L18CD60>@M8H848:0>@L0J0B4:<@
@9DC4FHA4>8AHA<14A@>8;@A@3<70@40@AH8L2D<8I0>8C@J<J8:H2HD@447HL03L
$000@80@0M@34N8DH1D3@201D2@<H9D3@NHD8>@M@@4288H1H3D4L>DK8@0900<<8
4H<8FL6L><J8J094N<HH=D?DM4E@5L3040=0K@F004888H1HC<=0@DE@@@<4:<DL1
@10G4:LA4?43DC0=02DC8G@44:<@H9D2DFLBD6DJLA4H<:0>H3<FD7D?@D@HHA06H
MLB4:8HH9@284840@8@020644@@H90F@08?DJ4GDL<4@9@K<<848FD<H24N<C0884
L1@CDG87<2@IDND50I48<9<=024LDAH2<C83<40=8K0;@=0<8H@0@68@@@H54204@
6@74<48DNL109D1@3<68L424C8C0F0184D>89450D8I<2<4L9H4440A@>09020N01
L$000@80@0M0J<80<4C<C0H<B06L=DL0@08@=0F82LDD<<1LB@60>8M070E4J<0H8
@38207424G<GDC4B<@H9HC86L=HM<9<HL1@206080J@F0<40<H@1@306HJ418;414
H<DH9H3420>8>@H@G@58:8FL4H=LI0B@<4:<HD=D2DID7D<4L@B8K<D0MDL4486D8
HF@=4ALB@68<HB82004240@@@A0449LC@70B44428ED4HA858?<DHJ0148<DLMHCH
8@N<40H@4DA0E0;HC@0@=H@0C0@48<0H103464<4B8<0KD8HOD>0982@BHF820B@2
0:<1090JDKH>428DH=D64B4;8F<A0?4@8BLJ0H8A<GD24;8L008?<<H@81LNH08OH
04$000@806@:000084@LHF02LDD<<1LB@60>8M070E4J<0H8@38207424G<GDC4B<
@H9HC86L=HM<9<HL1@206080I@H0440<8@1@3<68J418;414H<DH9H3420>8>@H@G
@58:8FL4H=LI0B@<4:<HD=D2DID7D<4L@288<KHF@=4?<G090AD24=DK84<DDA@C4
4@8@800@0444<8I02<4L9H=0A08@E<J42LE4HD2@78<4M0J@KDB<=03H8@E4JH4@I
@3074=L9<@8K<;8388<2L>H14GDADI4=8@0A@>8<@@0F0K4:H9@>0188@DH0<C404
D<4H;0@D38=H5H5@6D3@C860@HA<KL;D944<DLI@;@?@CH90<4KDGD58K@EH@0=<:
LJ0K@6<60HL<88@?@30N<@HIDC<78>8:4;4;@H<O4B8@H5@?86LFLL<K@2LG044FL
C4A0L@@@LLA<K4LDN@FHH8I48D2<NHCHG@60FD8LL4><=0M4F4<8=HD8K82H8H7D0
8OH04$000@I8?@948<0H8@382060806@:000084@NHL0LH1DK4O8@40<481010246
88@D8FDH<N<HD9@C064>@KHI004K42<2<ED;D;HC0K8ND8D=0>04LADC@F850:DNH
D88D0<LLIDK@<8D@@<0HA0C8K<L80HA0C4=02DHHG@<4N<DHAH;@>@><4H;@L09<1
L6HALDD4HE8ALD4EH@LC080@H3H<@=H:<8@K<I@54><6H4DD<A8C4=DL0=@1<LHIL
K88D5@1D@@E8M@LH58A<642<?HFDH<D8>8H07L$000@K0G@E44<0L8@382060806@
:000084@NH>04LADC@68;LJ8B08DMLLHLH1DK4O8@40<48101024688@D8FDH<N<H
D9@C064>@KH:HO0CHC0=0MDN8H8J@EH5L88H<?034DDI8;HF@=0L0G@C4;<A@>@J0
00@4><;<L@00642<EDH8C0FLJ0JHH<9@408<AL2D2<0<4HE8CLD4EHA<C080@D5H6
LC@1@206H:4MD1<A@M8F848<08HGLA06HC8:<LH=@A8K0K@8L6<=HJHB4I@M<@H8H
=@H8DH?8H07L$000@3850000428?<G0B<8H9HC45L=4I0@0900<080H90D@=H=HKH
B0ED3L7040@8@020248<4@;87<7@;LI@@@348<LLAD3@B07D64J4K8LD@DE4;D;L@
@@HN46898BDGD=0J4H0?46<FL30M4D0;4=468FL8L9H:@O<I@54><6H6D=@MHCL34
6LM<F@1H<8JH=D9<6HJ458AD?4H<LH9D3DG4M0G8@L@0I8<H@8BLI8>4?<>89HEHC
8:H@HC@6L8HK<H@90285<6<4L<4K8JH@LJ@<800HD10B@2H6@F46H20N8DHAH3<F8
B4841H205D<@@0H0;420I0A0G43@=0FH6@4<DLNLCL=8J@F0K43@3<6D>4K41@944
<<L9@CD6@>@>47D2470D010C<F8<DI41DCDG4O0FH90E@=<1<1@?4;<HLE<2D=HG8
@4=8G8E4749LIL;860<HFH60><G<J0@@BD?0I<;L3<G0F00L208H1H3D4L>DK8IH=
06<>848O<GL@09<;<6@NLI0I@7D>4<<HHIDG8C<A4I09@:HH8F0E4:<0H@@3@3D64
:4I4DDM4L@H8DHA8K<58AHJDB49<=H@LFH@LA<J@30J4EH7D:8I8C094886@70<<2
<0D<L04OL$000@80@000J4DL@4H8ELG0H<2@78<4M0J@C40<481D103040B4C8FDO
4880L1H3D748DK0B@=40<481010248<<8?0@44428FDA8346H<4IHH8B88HC85L<<
KHG0440<885H3@MDK@I094A<K83DHD>48<KHF@@4A<:8<D5L;85@:0H8I0D4L<D@9
HK<;D644<4L<8G<6L><J8J094;<28M<9LHLI@ODB<8<<H;DI@D0242<EDB0BD60=@
M8B@5D>478<8D8K8E<I43<68<DK0:@>4;<HDM<3<GDL@>H=0?<G090AD24MDK84<D
DA@C44@8@4<;@6D24@D30F83@LLF@F@BD0D7HK4D08HID>H<@J@B0144@F0049D:0
<4@<4468D4I8N4@0?L$000@L@@0@004D8@4082040F4@L6H;LJ8?@>44<4L1D90H@
=H?D24381@?4J<0H5H98BDGD=0F480144<@LAHB<78=D80:HK@A@C@A0MDKHI@948
<4LID3<FLNDDL<<LHOHE4:4L<0HA0306D<@D82DF828@H9DCDF84D9H8L9@:@?<6D
?48<DH1@C<58=HE<=0MH144<BLK@1H=D1L2LE464D8;D?<D@B@64B<@@10A040408
@I@20A4JH3L8DO<7D:<M0@@D4:<>LKLD<A<A<1H3@78>8A8F054J<6H:41@B4L44D
4H<8E@>D<<@H9DC0F<F0D@B4LHI<K0H8@L5@582L@87HHLI4A044F<ALHH9@40@4L
<<@@81<HLIDN0082<;0L<?0H07L$000@80@0B@0<B@6L><J8J094N<HH1DA06@78<
H@0@004<88HADC<?D6<<8@0=0D0B0:HB@@<BD60=@M8B@04448L<LH<<0D8>D=<N8
@H9@346H:DK@:HJ4K@2<8H5H64L@9DC<FH@LA<J@=05L;8IL3H54<DI@4@4408481
01024648@D8NDM<A<J@<818CD60>@M8MH?<:@CLFDO4880L1H3D748DK0B@=4C<50
@HJ0N0082<64JHG864H<4HI@;4;0J890N<<D=@L48<0H@@;@70K8G4B4B<2HFD7<A
8L<JL30;@B@E8A038@8288H1H3D4L>DK8MHA8C4A0KDF4C@@H0<8HI@G8A8<42<3H
9HELK<N070C@M@109<;410F8I<:010F0EDGDL<4@9@K<<848FD<H24N<@@@L?4H49
H=0=H@0E0B48<0HA03070<@083<884<2<>HD40DO@0<$000@806@?48<DH1@3<4L<
4K8B@04440D@@1024403850000428?<C0884L1@CD78><80D@04042<DD;4;L@@0H
8<KHF@@4A<:8<D5L;84@:0H8I0D4L<D@9HK<<<C4A4K0MDIDC@6@>@J8G@>4;<;L7
8M<M<0H10346D<8@0A0@48<4H;8445<<4K0J@5D28>8EL;85L60J43@00:89D:LHD
=D<DID>DL860B@KD8H=D1L3LE464D8ID?<D@B@64B<@@10A040408@1@C4A4509<2
@ND@00@=8@@FH5@J4B044F<EH<8K00@6H@@@H4HI0189DB<60<<L@G@5D;8=H=<=4
1@;DK0@DMH=D>@:L0<<@D@2H0<HHI@2H=@K@00842<C@H8B4?470682<909@500H1
8O00L$000@80@0I@<41LA00H18ND9@3@D0G@C40<48ADAH3840<8@0@004880HA03
468K<A<A4:8DD5L88@<44=LK8H08DE4A838;<3074>@C@J@=4;<?H80K08@NH:L38
78=4KHG0KD0<6<L<G<C@<DG8>@482HF828@H9DCD6840L@;H6DAH@4A4:HD4I43<6
8<DK0:@>4;<;4><CD701@<DFL:4K<H<8L=8A@=0N<3H54<DI@4@4408481010249@
<8A08@5<A0D8;HN4AHB<60=DA<A4J@C88DI@<<18CD60>@M8MH:06@JL@<CLJ0K0G
014B@10AD9@40:0=0@L6H6@M<48@H9DN02L;8H07L$000@80@0O@40DDA@C44@8@8
00@0444@8I41@24403850>@9LN8J02LE48DB<6L<@I8F0>428DH9DK438EL;4H@7@
DHJ0148<DLIH3@20=480H08@=4AHB8K@B06L=DL0D8:@K4A<2H14B@60>8M070E4J
<NH;0>848>H?<6<4L1DCD6@=LK@JHBLAHC4O<8H0HA@C0?D68=HD82DF828@H9DKD
48448L8L9@6@BLA<E4E8G0EDL8MDAH;H>83<F@7D;@D@HHA06H4D8D6LL@A42<4L6
4L42L8HJ0BL80A@346H@41014I00@?D1448E82L4LH408@H8H1HC4MDK0@@143L:<
0D4HE@28@DDD5@0@4DH@@@DH902DN01L$000@80@04@1L?D3850H@OD7L6@?48<DH
1@3<4L<4K8B@04440D@@102440B4189@D42<@H9HCD7440J8@0@0A4J83@4DG444=
LK8H08DE4F82L5D2850<4L@J0>4:8DLMDF4L@8@M@NH<H9H3878=4KHG0ED5L3D6<
NL9D1D386880I0C0<42<EDB0BD60=@M82H147478<8D8G4;@9@:DHD=D2D=L>LN@B
8K<D0MDL4486D8HF@=4ALB@68<HB82004240@@@A0449LC@70C4A4E0>@6@<40@?D
14I@B0149@90@04H604@043460<8083428E014EL0@04OL$000@80@0M@C4884L1@
CD78><80D@04040<8@0<@D=4903@O8486@30N8DH1D;@B@58?<:478NH80144<@LA
HB<78=DAL4D4L<8FL6L><J8J094N<HH=D?DM4C0G4=L=8J0F00448HH1@C<=0@DE@
@@<4:<DL1@107478<8D8G4G@DLI43<68<DK0:@>4;<HDK<3DGDL@6H=0?<G090AD2
4=DK84<DDA@C44@8@800@0444<8I02<4L9H=@A08@E<A4D898B0BL@01@C00DI01@
C480@@O@=H088<N81L3H082DN8H<144HN8HLMLEHD@0DO@0<$000@L@B@C40<D8@4
082040A4H<;HO@GLLL9HK8G88D=4A8:@FH0LIHK<I890D<@<0HA03<40<0@0A0:4F
<3<EDH@C06L=@KHJ@B4;<FL:L8@=8CH@0GHD@44A<KHIDID3<F8ND0<0L8@202048
=@A08@=<@LLLA<C460<<M0G@ED>0>8:4?DB@2LDH>H?DD4EDI<A8@4A4=8C<74<DI
HDH@@ID1<H@H0;40L70K<=DF<4DC4A0DDD4EHF8C880@DI8>0=HI<>D402<@@>@84
2<I0J0LDI@642<B@>@642<O8G80@O@0<$000@80@0B@8<CL0H18M4K<@L7<=4L@B@
04A4J0<@5L98HL3H70=LLH@090D<@<0HA03@40<0@0A0>40<@@9@F@28<<KHF0?4:
<8L=HKD;H24E4?408O8B8@H5@?86L6L=LI0JH1L3@208480A0B04428ED3DCH5L<H
H8A@D4N<FHH8NLH@8@=<BL2LDHNH20JL<DHDH@H01498G8C014:@M0480HI@601D9
D:@;L8<;D3L64@41D?D:HB@A@C0E06H@HG87H=0@8F47H04OL$000@2@@000A47DH
0?46<0L8@383D6@80H@B004080H10C4MDFLJ420DDHHC@68<L:<H@<H;DNHL@C004
08<LKD<L<D2<EDJ8C06L=@KHJ@B4;<LLE0I4K@944<DLI@BL6@<@J4G<G4?48<FH?
HL0@0100888H@1@B4=0MDN0?@642<<H1@CDFL2DGH4L4H;8G<G@60FDM<A<J060;H
8HE4F82L5D;8E8FHC4:4C<9@C0JD;H2L64=0@8B@K8<@082L=8D<E4=8B<144@M<L
<LHNHA0<42<JDJLH0A47H04OL$000@80@04@1H>LJ8I0540<D8@4889@I<CHGD503
D?<L0G@C40<48AD1H3840<8L00004F<1DC<9LB4=8A@?4H<LH9D3DG4>DADK87@44
?D948<2HGDC<C<6L<@M<0L1HA040408@I@20A4JH1HIL2L6<<4HHJ0?4;<L4?<<8D
8FDI<1<:<G<GH101DD4D@1L3460D<ALC@E0GH@HG87H=0082LO8E@10C42DD84H50
645LJ0D4ALC4<4>8L0BD?404OL$000@80@0O@00LLID3@20=4>@J000448<0HA034
40<8K@M@08J480D43<B<@L64=LK0G@E44<FLEH80H08@=<>H4LADC@68;LJ8B08DM
LLHLH1DK4O8@40<48101024688@D8FDH<N<HD9@C064>@KH:H70G4E07HI81<:<G<
GH101DL<<DB@58?<J4D8DDO8C0G47D<8L@8@FD64J@ND642<G0J0<L>L8DHDH074B
<0<HLO8E0G47DJLB49@D0;43L64@<@@N0605LL03L$000@J8@0@004D8@4082040F
4@L7<=4L@B@O4B8@H1@90L@=H=HKHB0ED3L7040@8@020648<4@;87<7@;LI@@@34
8<LLAD3@B07D64J4K8LD@DE4;D;L@@@HN46898BDGD=0J4H0?46<FL30M4D004888
HIDMH18242<JD8H><I8C@9D24C<O<A08HADC@JLB4C4BD9@H@:8<<KHF0?4:<8L5H
G80H@400JDL<NHL@C@;@6DED1@74=LA@FHA4B450:H>H9HH8F@ED1LE4HD00A8245
85D=0<8=D40L@9D3D6L<@4<@L3@40;8I000<4N<9<A@C4MDKDG0>40<8@AD386<N<
D<K4C@386HC<6<L<8H9H;@7H8<J8I034:<4L1D;D;@9L0@IH50H8DH=@;4><8<<L5
HGH5D289<K<188<KHJHN4E8@DC<CHD0C8CH=8IHK<GDHDG8AL<HN4MH@LBDC0I<:L
3<G0F0HL2L8H1H3D4L>DK8IH=06HB4OD;HH0D@5DHH?<<8LHM@:04<<L;L1@C<A0@
DE@@@<4:<DL1@10G4:LC424H<0DAH3@60>0K8@H90>DC89H>H=@E8G0EDA0G4284D
>8K4=DJL>HGL486D8HF@<@ALB@68<HB8203D7<04OL$000@8@60C444088@0<0D40
80<81L?DB4;86@?48<DH1@3<4L<4K8B@04440D@@90H@7@DHJ0148<DLIH3@20=48
0H08@=4AHB8K@B06L=DL0D8:@K4A<2H14B@60>8M070E4J<NH;0<H48>H?<6<4L1D
CD6@=LK@JHBLIHO8G8K40<4<0HA03070<@D82DF828@H9DKD4844NL5870;@J@B0B
4F<CH<0D874:DA@:4HD=DDDID>D1@64J4I<=HFLFHO<2@E464D82D?<D@B@64B<@@
10A040408@1@A4140@18>L;4E8648<<H;DH4I014BL>0HDF0L4F8CH>0@8F0B00<8
450<@2<:H44D<04F<5H<HI0@@:<I0=@K@H0B42<78881HO00L$000@80@0H@3D@HG
@=4J<LHAD3<201D2@L8O<@0K0A<JHF<8L98346<94A0@01008880@B<3048J418N@
8D=8J4L@1DC468=@C@@@=4:<FHHH=<2H64AL54>@H8J0E46<0L8@382060:4C8D<4
@GLJ<L0D8:@8D>@28B@60>8M070E4J<NH;0=@48>H?<6<4L1DCDF@M<4HADAH3440
<8@0B084F<5L@H1DC4=0@DE@@@<4:<FL90I09DBD345H<@H0I0;43460J43@5<0HE
4L8FH48LH98B@I0<DD450<@68@43L44C<14D<B0KDE@4LC@1<K49D8@;H4D@@9@0H
1@2L6D>8H@C014G8886H2@302@N8F84@H<8HI@G8@8B42<:<30N01L$000@80@0N@
H498306H>DI8@0B0D<<<0HA03474;@I@G024@<0H10C03L3850B@NHN@J0L@1DC46
8=@E8G0948<<L1HA0F@2LA<A4;H<HI0C<6H=DKHG08D=<F@2LED<LALB@68<HB820
04240@@@A0446@8@D82DM0A<MH3D4L<4K82H7DE46DA<C0HL2@78<4M0J@KDD4=0E
H8L94?HDLH48DE4A8M04@50<4L@J0>4:8DLMDF4K08@M@NH<H9H3878=4JL=DJ@;@
BH<8J0A004<8@HA@C@=0@D1444F<L4480LA@3@6@>8@8EHB0640D@8@@=@4HD88@N
4H8<HH<LH30AD;8C0@D5D4HE@H8A4;@28@8L8F<14GLM0L4B4?<9LC<5L>@L0J0B4
:<@@9DC4FHA4H8=4=45<L<0D4H<8G@>D<L@H9DC0F<F0D@B8LHI<K0384<0<885H8
8?<H07L$000@80@0O@J0LH9<C85L=HL@D@04440L0@1@201D2@G84D7DN@8D=060L
@9D3<G050:DNHD8>@M@@4288H1H3D4L>DK8@0E@G0347424K<GDC4B<@H9HC86L=H
M<9LHLI@OD<<L<@H1@2064=0L08@5<<@4D1@C<78<D9<C@AHC0=0=HML=4N8@H9@3
46H:DK@:HJ4K@2<8H5HG43DK83H5H:8<<8@G<NH9054<<4H1424208480A0E04428
ED7LA8NH?<DHJ0148<DLMHGH8LND;4C<5L>@L0J0B4:<@@9DC4FHA4@8I41@5L602
4<<ED3<6<=@H8C@@D4DAD6@;LHH2H7H<@:4G420N@74=H@H1@C4ODE0@DH4C0L<=0
@81<HLHD0@48743HN01L$000@80D@J4640<0@1@206@>8K@00648<8H1H201D2@@0
00A47D;014H<DH9H3420>8>@H@G@58:8FL4H=LI0B@<4:<HD9D3878><9L30G4H@B
06L=DK8G@>4A<JH=05L;8IL3H54<DI@4@4408481010246<8@D8NDM<A<J@<818CD
60>@M8MH?<:@CLFDO4880L1H3D748DK0B@=4C<50@HI@N0082<64JHG864H<4HI@;
4;0J890N<<D=@L48<0H@@;@70K8G4B4B<2HFD7<A8L<JL30;@B@E8A038@8288H1H
3D4L>DK8MHA8C4A0G@08LDIDC@6@>@J85H;8LD703468>0IH>470@40@AHB<145H3
@8L2<O0L@G03068@L=074H4BHL<04OL$000@80@0H@3DD@B@64B<@@10A040408@H
@2004D8@488?@6<20?DB4;89@D42<@H9HCD7440J8@0@0A4:HELID2L78>0M0I054
H8DH9@K<8@H4@@@H2LC0A0F4JHAD346H<4IHH8B88HC85L<<KHG0440<885H3@MDK
@I094A<K83DHD>48<KHF@@4A<:8<D5L;85@:0H8I0D4L<D@9HK<;DB42<F4K<C<74
=4M0D@5DO4NDDD<<LHGHC4244<0H103468>0D82DF828@H9DCDF84D988L9@:@;<6
D?48<DH1@C<58=HE<?0;DD<BLK@0H=D1L2LE464D89D949H3<N8H@A4:<=0F<4<70
9840HH1@C480@@0@<@088<28F0:48<0H10C4B0B<40L03L$000@I8F0E4L84H1DCD
7440J8M0A004080HA00H1880@0H@3H@HG@=4J<LHAD;<F@8H?<J4?8NH9054<<4H1
424208480A030N8H@A4B<3448J4=8N@8D=864@D9H3078>DNL4@C80L:4E8ML7DG0
50:D24GD0D4DA@3@789HM8F@7DBHC@A0KDKHI@5D:0J8=HL808=DLHGHF4:48<0HA
03468<HD82DF828@H9DCD6840L@D8E<EDI43<F8404D04C8H0B00@<HH@A014<@90
D04H:0@@1L6H1<B0306<<@@8E40@04OL$000@80@08@709054<<4H1424208480A0
30N8H@A42<3<48806@:0A0:0D45L:8A<54>@H8J0E46<0L8@382060:4M8D<:@3<N
8DH1D;@B@58?<J4H8@4288H1H3D4L>DK83H9<9HH@=H=LLHD@D4B<LHADK<O8J864
><KLI@A024F<9L4H;83D5<<4K0J@540<88AHAHC0=0MHMH=4N8@H9@346H:DK@:HM
46H8L5LG4N<K83H5@:8<<8@?<L8LD>L2<30B8CL1DC<80@HO@>0@8A<O@C8@@344<
LL=D94>0;<9<<<M0H85HCDFL64;41DB0:4A@1@206@=8K000242<C@885DGLLDLDH
HIDGH3@6@I<6D700D2<J<2HI<14O00L$000@=0@0A004D8@408204064@LGHK0@HO
0KDBD6@>8I8I@HDLLF42L4DADG<:L8D=4A8:@FH0LIHK<I890D<6<CH@40488<H2L
9@F@28><I8C@JD3870M<6D@D=@482H34N<@HIDC<78>8M<386DHD?0MD9<38F8M0K
DK@G@44;<7L>0800@0444D8@H90F@>H?0GHC0146<@HIHK<184L2L9DK47D?4<4=8
ALBL6LJ@J@O<L44H9@M8;DEDGDKD>D8DF<EH;<F<C46410E4IL4H:0D4GHC4:43L9
HK050FL;H>89HL8H0F8=8D<B<C4F0:4=89LIDG80@O@0<$000@80J@@00488<H3<4
0<8NHK000J4800410B0K0H<C06L=@KHJ@B40<481D10C0=0IDMHD@B4:<LH9<38F8
M0KDK@G@44;<7L>0800@0444<8@H90F@>H?0GHC0146<@HIHK<18KL2<2<ED;D;HC
0K8ND8D=0305LD<:@K4A<2H1DC@6L><A<B41HC8M<00<H>@A0=0CL74<DIH=81D3@
40<@;H0@@@9DH@D8:0:L9L9D408<GDJ<:49DC0J@G<;8?<G<M<E8@HIDBDK0KL089
D20:83L9DD088?D70ALLD4H=@E82LBDI@;@G434HDG01488E8B<14>4JD0<OH04$0
00@80@04@1H?D3850H@M@?<MHD@B4:<0H4@88B<GD503D?<L0G@C40<48AD1H3840
<8J@00440<@@1D2060J498I@54><:H=8@0H0;4?L7080I@B0A4:H<@I@3<6H=LM8I
0ED=<J@2@L<FD5L=4I0D8>L><N<@H=@ODH004240@@@103848J4K8L4O4<84HI@30
78=L5<?@9L9@F@>H?4<4=81L=DNDK0F@?824ODA@:D=LKDI@D01488M8E414;@E0L
LLH?8B0144<NDJDI034M88L5@18>DNDK00@5HJ@@<J<=8@D8LGD446<C@E4288<<H
2@442<@8=80LO@0<$000@80D@04040<8@0<0D4080<81L=HKHB054N<0D1HA04040
8@K020A4JH1HIL2L6<<4HHJ0?44<0L<@9L9@F@>H?4<4=8JL2LD4H4CD6@>8I8D8:
@K4A<2H1DC@6L><A<B41HC8BD@H0<H@I@6H=HD8O8=8I@3<6H=LM8I08D6L=<88O8
B8@H5@F0DDALC@K<2<;42L><I8C@JD387080NHNLI08@6@6LJ@:D8<2<K0:0ADI@N
DA4=0;L:41DIHOD<<H<LHM8A8;42L64FDCH9DD0;4@4H<EHC8>0H0=HH07L$000@M
8I004B40H0@1@201D2@@000A47DK@944<DLI@BL6@<@J4G<G4?48<FH?HL0@01008
880@1DB4=0MDN0?@642<<H1@CDFL2DGH4L4H;8G<G@60FDM<A<J060;H8HE4F82L5
D3870=LLH2H4<3D6@80I05@78687L48O8=49HC4F<;8F<7H=8DH189D8@B<AD?4H<
LH5DB@JD:<2<G0:0=L8D?HF004<84HB0E@1LC4K<><3DI40@C8ND246<N02@<HLH0
DO@0<$000@80@04@1L>LJ8I054N<4D1D3420=480H000J48044EHND0L6L=LI0JH1
L3@208480A0E04428ED3DCH5L<HH8A@D4N<8H1HI0CHC0=0MDN8H8J@EH5L88H<?0
34DDI8;HF@=0L0G@C4;<A@>@J000448<<H>L1L9D:@3<ID54><6H8D=@MHD<3<745
L:<<<LH4LC4A0BDHHG@<4N<DHAH;@>@OD0<=4=8C<G47D>0H8E0F83064>8;H4@@H
1@C@<0DDG8C0H0@DM8=8=H1L3464<4:@KL1@306<:LGL54ID4H208HL4G0OD><H07
L$000@80@0J@8<CL0H18?4JD4@I@3074=LA@FH:40H4@J4<<5LO4MH>428DH=D?D9
00444H8A824505D=8A0H@FD28N8DHAH3<68><80D@J4B40<8@1<3440=@K000440<
<H7<6L=0@0C0@40<<L=H6@C<:HL<<H:<<HK0@0A4I<<D903874<<M8D@D4A<M<A4N
D<D9L246H<DI<A83<78><N4=D24I8A8OD@HG@EDL<NHF46448BLML@4N86H6HE004
08LH8LK<4<4H98:4:8ND<8@L6L=DL0H83H;43074>@C@J@=4;<7H5<4@F8EL1<D@F
@HD?HOLID00>4F<CH<0MHF<386LJ418;414H<DH9H3420>8EL28J<IH8DE8J0L@1D
C468=@E8G0EDE@G49H3@@HF8K<E0MDL44<6D8HF@?4ALB@68<HB82004240@@@104
H6<F49@A@EH;HN45H:<4<<83H:<M0@@D4:<>L@LD8G43HO@@@<H<HC0D<@H9@<08<
=0<@@8DHJ008OH04$000@80@0I@<4I0C<6H>0806@:0E0><7HM@8DM4K00<4DA@3@
789HM8F@04B40H@@9DH@=H=LLHD@D4B<LHADK<O8J8640<H@1D2064<0JH8DA@386
LJ418;414H<DH9H3420>8EL280<0@I@AL902DC8G@44:<@H9D2DFLBD6DJLA4H<:0
>H3<FD7D?@D@HHA06HMLB4:8HH9@284840@8@020H44@@H90F@08?DJ4GDL<4@9@K
<<848FD<H24N<C0884L1@CDG87<2@IDND50I48<9<=0<HH850F@<D94HHA@C0>D2D
8<4HB0446@8<<@087L88B<2<:HD4C4<4><D4@D94;0<8H858A@I04DD450FH4L9HC
@K0@@;L10<4B07LL03L$000@80@000J4DL@4H8ELL@<4I0C<6H>080486@K4A<J8F
40L983074>@C@J@=40<481DA0C@A0KDKHI@948<4LID3<FLNDDD<<0H103040<HK0
A0K44L8<4H;8445<<4K0J@540<88AHIHO8@<A4JHEDI43<68<DK0:@>4;<8D><9L3
0G4L@6H=0?<G090AD24=DK84<DDA@C44@8@800@0444<8I02<4L9H<HA08@E<A4D8
I8CH54>@H8J0E4G<4LJ47@10>414I@@@:D086@>05H@4C06094F0=HD<?H704D189
<;45098504HO@:8FD>LC@@@=4;<9@D@JH5@<8CHL04DF@N0<8AL1DC0H00HNHJ00@
3DM@0DO@0<$000@L0@0=0D0000@90I@<45L98HL3H50<4L@J0>4:8DL1DA06@40>8
48>H?<6<4L1DCD6@=LK@JHBLAH3440<0@0F0044<0HA03468J4M8;014H<DH9H342
0>8>@JH2L9@F@=H9DKHB054H<DHA8K<58C4?<G8I04D@HG@=4J<NH<0B4384<K8F<
8L98346<94A0@0100888H@B04L9HC@J@20A4:HD<5L:8A<54>@H8J0E4G<4LJ47@A
0:8?DML@<A<O@<8083<N8A<147@I43LC0B0@09@>0B480B<60<<L@G@5D14=H=<=4
1@;DK04DN@6H4HE<0468DHB<04<88H1@C@@0?L$000@80H@00J4800410B0C08<;L
@@0H8<KHF@@4A<:8<D5L98HL3H50<4L@J0>4:8DL1DA06@40<HL@8@=@NL<H9H387
8=4KHG0ED7L3D6<80H0E@FL3<68O<<HL08@5<<@4D1@C<78<D80I0J424N<E890KD
C8G@44:<@H9D2DFL:D6@NL@@B49<=H@LFH@LA<J@30J4EH7D:8I8C094880@8@202
048=0A08@M<ALD8ODCH54>@H8J0E4G<ML:4?DJHLH1<3D70>@L@2@<4:<DH=DD8<0
48H<1<9@H@;0M<HH1@C<60<L<4944<IDBLF4@D1L3420>8L4=0LL8H9H;8J@MH40I
0>46H<8082<3@6L2<;@70=H4HN0I4>464BDL<04OL$000@806@:000084@NH<04D1
@C<78<D80I0J4240<0@9@F@=H9DKHB054H<DHA8C<6@>@LH@090A<;H<8I0C<6H=D
KHG08D=<F@2LED<LALB@68<HB82004240@@@103448J4O8ND8D=864@D9H3078>DN
L7DE8ILK8?@D40<@LAHC@48=@I8F@9D2@9@<8?0@4A430=<KDC0<42<LH5@5@=4D@
O468FHN0440<885H3@MDK@I094A<K83DHDN4=<1@5H98:D8@1D84144<@LAHB<78=
D>LHDA@C@A0MDKHI@948<4LMDD894D<<<LHOHA4248<0H103870@40@9HA<1458C@
LHF@F@BD0D>4IH=<28<HA@C@6L8<5<F<E0A@D41<7<O<G@ADG0=8@0B0?4=@6H=@K
@00644<0H1H206@H454C@C428=H7LE@H4L8>L:LJ8I00DO@0<$000@I8I@04J4800
410B0H@<45LOHKL><4LADC@F8509DB4I8NHH0?4;<34=4>@J00004N<8<I@9@B498
I@54><6H6D=@JH3LA03@6<80L00044D<LH4LC<=0@DHHG@<4N<DHAHK@788H9D6D=
HO0B8@H5@?86L6L=LI0JH1L3@208480A0A04428ED3DCH5L<HH8A@D4N<FHH8NLH@
8@=<BL2LDH>H?DD4E@EHC0J46<E8AL8D:D68:L9<A@C0A0LH0D88:D44N<;0=8H8E
418306D@4<<:DI@1@NDH00@74E80DO@0<$000@80@04@1L=HKHB054N<0D1HA0404
08@H@2004D8@488;@ML1L?0GHC0146<@HIH3<7440?<<8D8FDI<1<:<G<GH101DMH
D@B4:<2HDDI8;HF@=0L0G@C40<48AD1H3840?<5<HH0H10C0=02DLHB@74C<28685
L200<4H<8@464=LK0G@E4;<:8J8D8LH3H1L?D948<2HGD7<D418C880@D58=8@05@
N0>8H8E018346<H490BDH00DFDK0;@2D6LL4D@BHC08068FDK00064><BDD8E<28N
01L$000@LH@090D<8<0H103@40<8H@E004D8@4082040F4@L64=LK0G@E44<FLCH8
0H08@=<>H4LADC@68;LJ8B08DMLLHLH1DK4O8@40<481010246@8@D8FDH<N<HD9@
C064>@KH:HO0CHC0=0MDN8H8J@EH5L88H<?034DDI8;HF@=0L0G@ADN4=0@0G0?45
@70:4=D6<DLI@;4:D<D7DL@8@M@1L>D6DI@0@58J@@00<L@G8G014B<58=@MHCL34
6H8<:D6<7LI40@C8:D3H;DH88DND@4AH80BH5804OL$000@80@0N@L49H3874<D80
6@:050>L74M@8DM4K00<LLID3@20=4>@J000B40<@@1@2064>0@0@0A4:H<89HC4F
<E4<4F<OH80I@=@F<EH<@J@O@4@2<F4J8C06L=@KHJ@B4;<LLE0I4HH2D;LJ8B08D
MLLHLH1DK4O8@40<48101024648@D8FDH<N<HD9@C064>@KH:HO0CHC0=0MDN8H8J
@EH5L888<50E45@0HI@>D:<2<4HBDI4A@58=808I<M8;@0L40=0H8E0AHC0D08@7D
68@41D>DI@O@10BL78>0;H2DC@J@14O00L$000@806@:000084@NH@0LLA<C460<<
M0G@B40<F84L4H;8G<G@60FDM<A<J0L09H3874<D:4E8M@8DA<0HIHC<7440J8M0D
0;4=46880H0=@F<H8H08@E<64DLI@K42@F4G4AL>8I@00;40L64K<=@HD4H;8D464
=LK0G@E4;<H8J8D8DH38:L?@948<2HGDC<C<6L<@M<0L1HA040408@I02014;858H
LMDI474G4=8;834>8KH30=D2<4<94E@I@C@@@=4;<3L:8A<@42D4<:@;8J@H@K880
I0C<78=HI08H?47480F@B004L8HHID>H<8I0;@3H64<HJ@00:44<8LI@6@H084F<J
DBH80I@D0A4BDHHB06@>8HHJ@948<2LJL2<@44<A8F054;<4HK@J0C4A<=LA<H@I8
FHH@B0FL>DG@?8L4DH4<E0DHD<C8N<?0=L64D8@4L<4HI@8@;<7HK8H0@D7DFH60>
8M070E4J<>H0H8LD@K@OD;DD0DD5D@H?<<00HI068>4><O@B4:48<4H;8445<<4K0
J@540<88MH:D<8H0>064H<8H1@C8>H7@:8CDDHB<3<C<58=H5<<8EHD<A0A4;H>HK
<FDKDEL90AD245DK44<DDA@C44@8@@<2D9@:4F42<8DMDL8;DDH=H9@CH@0?L$000
@80@0J@H<2@78<4M0J@C40<481D1030403850L@DH?@<0288H9@346H40D@@020H4
@@@H90B@>H?D24381@?4J<0H5H98BDGD=0J480144<@LAHB<78=DNLA49DH@=H=LL
HD@D4B<LHADK<O8J8640<H@1D2068=0H@O@>42<EDB0BD60=@M8B@0444NL5864<0
G0C0<44<0HIDEDA4=0BD4H=LI02H5H:DK@:HH@;@8L242<GDM@FH=<G<;LB4384<;
8F88L98346<94A0@010G8G8<848E43<9DMDL83D4L<4K8B@AD3024N<@@CLGL<@@8
1H?LLD@@B4GL9<I81D306H80I@B0141L;LHD@@BD1LB49<88:0H0@H7@>4L82@1DF
L:40D3L3HJ4@<D<O@=0L@0@?<1408OH04$000@I8C094880@8@202048@H7@>4L8D
@@H10201D2@@000A47DN@8D=864@D9H3078>DLH@0900<084H98?DB@=88<KHF@@4
A<:8<D5L;870:0H8I0D4L<D@9HK<<<I4A4K0MDIDC@6@>@J8G@>4;<;L78<HMH3<3
46<=@@0C0442<EDAHBD60=@M8B@04448L8L9@6@>LNL6@?48<DH1@C<58=HE<>@C<
D<BLK@?4=D1L2HE464D87D?<D@<8L@2L2<N@LD6L2<:HO4JDF004@80HAHC0N0I0G
L5H<8I0>004F<EH<@;H3@9H54;L3@GD5@2@DD1H0494K<7<9HH8F@5D?8:8=<2H64
9L?0@@G<@L9430F4JDC<C@24H<0L7LGHD8>42<:HOHC8L4L8@HA@386D>0@81@?L0
<OH04$000@80@000F40L8@0<@D=LN40L54<DI@4@4408481010248<<@A08@5<J02
LE48DB<6L<@I8F0>428DH9DK438EL;4H@7@DHJ0148<DLIH3@20=480H08@=<HH4@
A@K0M89D9H8<<H48LDAD28K8B06L=DL0D8:@8DF@20B@60>8M070E4J<>HCLL@8@M
@NH<H9H3878=4KHG0ED5L3D6<>LA<A@346H80J0I0442<EDB0BD60=@M82H=8>8>@
H@8@FDFLND:@HD=D2D=L>8N@B8K<D0MDL4486D@H:4J0CH70>418047H@@8LO@20B
LH09@;04D@00<LL28H0242<3H14JH9D1@345H<0J@F044N<M8>098O8L8M0<DD450
G4C8L0A4LH=0L48<CDGLL48DFL3<64=H@0E0040<4L=@M01HO00L$000@806@:000
084@NHJ0L@1DC468=@E8G0948<<L1HA06@78<8@0@0A4:H<8I0C<6H=DKHG08D=<F
@2LED<LALB@68<HB82004240@@@A03848J4O8ND8D=864@D9H3078>DNL7DE8ILK8
?@D40<@LAHC@48=@I8F@9D2@9@<@?0@4A430=<KDC0<42<LH5@5@=4D@O468FHN04
40<885H3@MDK@I094A<K83DHDN4=<1@5H98:D8@1D84144<@LAHB<78=D>LHDA@C@
A0MDKHI@948<4LMDD894D<<<LHOHA4044<0H1H206D<0K08@E<<@4D1@C<78<D9<4
078AL@<2<LLJ40@2DIH3<:8H<9<9@<0B<N<<@J0G074HLL40@2870=H4HB8200<OH
04$000@80@0M0J<80<4C<K0H<2@78<4M0J@C40<481D103040B4C8FDO4880L1H3D
748DK0B@=40<481010249@<8?0@44428FDA8346H<4IHH8B88HC85L<<KHG0440<8
85H3@MDK@I094A<K83DHD>48<KHF@@4A<:8<D5L;85@:0H8I0D4L<D@9HK<;D644<
4L<8G<6L><J8J094;<28M<9LHLI@OD4<D<0H103874<HD8JDF428@H9DCDF84D988
L9@:@;<6D?48<DH1@C<58=HE<>@;DD<BLK@0H=D1L2HE464D89D?<D@B@64B<@@=0
@@984HD8N088BHJ<C@BHFHF8H04LLLKDA0>40<0@1DC@8008LLHD0@2DIH<<48H<5
<=8E@B0L0>@H07L$000@806@:000084@NHJ0LH9<C85L=HL@D@04440L0@9@B@=H?
D24386@146<8HIHC<44=LK@J0=DAL5H98FDGD=0F484?46<0L8@383D6D80I@7@6H
3440<8H0=@4L4H70@D;8?HAL5L@H1@C@1HA04H700D2@B<0<D8@4L<4HE@04L<>L:
LJ8I0546<2LCL4L:8<0>LEL18FL7<L0K83D6@>L<<AL9D6@6HMDC4:<LH=@98JH<L
:4C8846<?@6<N<B<9@H@98<<KHF0?4:<8L=HCDD<4H3<6L?@948<2HGDC<C<6L<@M
<0L1HA040408@I020A4JH1HIL2LF<1<I4K<184L2LAD3H?<N8H8J@3H@D><D4D@EH
C0J46DE8AL8D;D6880L0;@1D6D84902D64H4;LBD@0?L$000@80@00004LLID3@20
=4>@J000440<8@1@206D?L6@:0?0:<K@<49HC4F<54;41L70M<080H9@F@08<<KHF
0?4:<8L=H7D@48@=@>H4LADC@68;LJ8B08DMLLHLH1DK4O8@40<48101024648@D8
FDH<N<HD9@C064>@KH:H70G4E0=HI81<:<G<GH101DL<<DB@58?<J4D8<D:DI@A@9
8=@D8K8:LJ@;4CL<D=D8HIHG8MDE4B4N<BD9@40;4MDD4A0C@60E4G@3HI<:8A@C<
ND@02<JDMD:0:L9D9D408<6D6<AL2L3HJD0HO8H@H0:42<M@:D14O00L$000@80@0
N@44IL2L6<<4HHJ0?44<0L<@9L1@201D2@98:L74N@8D=0>04LADC@F850:DNHD8>
@M@@4N<<H1HA06@78=0@0E004880HA03440<0D8:DC0:<LH=@98JH>L;4D8<42<F4
H0C06L=@KHJ@5D54=4:4><AL@LGHD@44A<KHIDID3<F8ND0<0L8@202048<8A08@=
<@L2L4H?D@8C458=@3H1<9HC0:@;4ILND20D<<H7DI08@>D7<J@:D6<2<7HJDH0>0
B44<HLA@346L=H@8E8K8=H@HOH<4:@C<1@C0<0DDFHC8N0E8GDN@NH@<E8K8>0EHC
<C<>0E8=D<H7DL0@@:<MD@0?L$000@2@@000A47DK@944<DLI@BL6@<@80D@04040
<8@8<B@=H=HKHB0ED3L7040@8@020648<4@;87<7@;LI@@@348<LLAD3@B07D64;@
H0@0@4L<HH9DF@48?4<45DJ82LD4<4K@A8:8<D5L;8<@>0KHI@5D:878=0@0H004<
80H10C4E0BHC0:<LH=@98JH<L7DHDI0A4;0<0I@3<6H=LM8I08DJL4030E03H7H2D
@<A<58>83H9<A@C<60E4H<<H58L@F@C8<HGHB8148H=8D<14:@E05D8HIDMD:42<8
HFDI4B0@4><FDJDA@D@=@@8B0I8<8@8BLI8>4?<H07L$000@O86@:00008D@3HI4J
DB06L=DL0@04@>H?<I4>L1LB@60>8M070E4J<0H8@38206@<8<83<GDC4B<@H9HC8
6L=H3<D8<<0H103040<HK@=@8L0H9@;@0D5<<4K0J@540<88AHIHC8HLNH=4N8@H9
@346H:DK@:HILK@N<8H=0GHHLK83H54DH4DJH@D7D:8I8C094880@8@202048E02@
=4088D@H90;@>LJ8F@7D:<M0@@D4:<NL80>484@8A@AH<H@8E8?H<888:4GL68BH1
D2@74=4K@J0C4:8@H=HD4L<LHI@;@549LO0=010C86L=4HHB@FDN<1<OHK028O4I0
LDEHE@C4084L=@MD8414><DHA@2074=<>43H=0K87074=L243<K<0<;8KHG@AD60I
4@004B<3<K<NDCH1@944<<L9@CD6@>@KDBLKD;@2<<DI@B@MD><3<>L4<K06<88?<
;864=@J81H94K@C0?43<9<H0F@4DK<BHEL3H<0J0H0:4L<@H9DA@:DDH2H10>LC@C
H50:H188HKHG0D4I<@4<<?4A<943064<DK0H8847H9HH8F@5D8D:880A010;8F0@D
<4A<LDB054=4N@HH945D<8J@H@FDD4B80L9H;47@@L@LNHK0G@B4=<J<K@A0K4@L2
<3D2D9DB@F0?038N01L$000@H8F@540<8818102484L@D@14H<8H0@A00H1880@0L
@H<B@6@?83<B@0H8@A<306D>4=DE0L@@4C<6H60>49D@HG@<4N<8HMH;D<8K0G024
F<1L4LDH;4;L;HJ<J4BDF@LDH0ID;4;8<85L;4E@94306L>D9<7<7HG840>DM0G@9
DK@O02H9DKHB0548<2H;L98983474=L3<:@2H;L=D18CD6@=@244<44:8@H9D;4?@
>4>4E0=@A8JH;LC<68=HM0I@BDNH@@B<A<K<K0>8B4<@I@3<FLE0:H>45848F4<8@
@98A<C430B4105D04=HI0:H9H383D6@2LMDCHE<648<<HC4D<242<L<3HE8@D9LC<
6@=HD<IDA<6HF0=H=@J@00149<@4C0;8<0@H9D3018:HN07@<4M46LJ<OD<4N8D83
HA4>H8<KHF@=49<M82LE<LLN0@<C44@8@800@2DCD2LE@30KD4<J4NDA4H48DBD0@
B@60>8M070E4J<6HG@4D2<J<LHIDC@6@>@J8MHO<286L><FLI@D0<4><O4KDI094:
HF0;84@M8B@04448L@L9@E<C<4@LDE4AD9D2DFLJD3<@4;LAD:06<8L:<3@G<:<E<
98M@I@F0C038:<M0@@D4:<<L5HAHF0D4D8F<C4F0M09@0H1@C@NLH<A4:47DO@78B
<94?83DN01L$000@80@030N8DH9DC<6L=H806@:0K0F83HNHB8ML3H54<DI@4@440
8481010249D<8A04@3<ND4D:H9DKHB054H<HH94C06H<DM<G@=H646DDHJ0148<DL
IH3@20=480H0D@9D=46H94K@I@D44<DL=HEDG4D49<?<<<O@0<4DA@3@789HM<O<G
@=0<8G8G@7D6D3D6<9LELHH1@3@40<8I0I0946@DL24=L74G0N08D242<3<8D3878
=4JL?LL8E404H8LHJ4I@G09470GLHL98306H>D1<3474783<2HD<0HI@0HN824ELG
<58=HE<6HMHA8A4=<1D04:494@DG0E0?<C0@@24;<G<E4D@<D5@:43<4858HH4@AH
:<B41@B0247H386<<@48E<G0LH=@J@>0442<6H6DJL>D7DH@8@5414044D;0@DG@2
8B8G0ED3D70<DCLG0D46<LD9D3D74<<I8EHMLN<D8:<8HIH;@70G@24<H5@CH48J<
D894C0F<0D6@982L50=0H8I@;DBD70;LNHB0946<@LIH3<4<64:4:8642<2<64JDH
HH8B@A89@D@:@<@D8DH482<64:D58;L@88H04OL$000@KHF@@40<D8@4082040><K
09<IL7D:0H8I0D4L<D@9H3<20=480I@I0A4=4N<<H9H3878=4KHG0=DC@AH3440<0
@0H0840<8@1@386<=@B80DE@@@<4:<DL1@107478<8KHCDM0J8L@1DC468=@E8G0E
DD4G4<LA@=D6DF@N@F@7D?DD844HHE<7D:8I8C094880@8@202048>0A04@O<N@4D
:H:<M0@@D4:<NL=0>4B4F@O4880L1H3D748DK0B@=4C<E@D@H@N0082<B<?<ODC0<
42<LH5@:83H=4GHA@5D6D<@A<40983<6L>8J8L8G8:8KL4D>46<FL7@JD=4:<HH1D
;DO04@:82<5<9DB4CDAD3<7080H@E0>42<5DD8D4F0N85H7@7@6<<<<H7<64=0L0H
@:@0@4<KH34N8H@A4B<C0B0L0=DA030244H88C884><@8E8042<4<;H6068H@9D90
28:@B<34;H>4584L10184L>@1438;HO4HD@@84>H6DI<I0I@14A48HA@3<4004OL$
000@38500004:81L:HH8F0E4:<0H@@3@3D6D80H@E0040<0H907H280DC8G@44:<@
H9D2D6L=4M0I@04B48H8L9@;@E<44=LK8F@?4L<BH=@F0BL?@NL9054<<4H142420
8480A0B0488<4@K4E05L7H5H4L<4K8BH1HE4>DA<E464@D9H3078>DNL445H704H<
4H@JH=H58=4349<J@DHE4ML64G0F@5<HH8<:0H8I0D4L<D@9HK<2<I<A4M4N8<H=H
D4BD>HG<2L186<1LFD@0=L4LHHA@C4C0A8E@<HE@7HD4EDG4449LC@70E4A4EH8HK
0>@2@B@B@608@>@;@I0H8D84L3<6H>0JH3L1D3068J4N@K@F@C03LJ4ND;D3L68D4
DHFLDH20DL><A0M01@4L5@O8G8>4><?DIDA0<42<L@300D4H4@3024O8E0>44<4L3
@E014O00L$000@<8@0@004D8@4082040NDJ0L@1DC468=@E8G0948<<L1HA06@78F
4ED@HG@=4J<LHAD;<F8H4;HN8KD4<DDA@C44@8@800@0444<8I02<4L9H>8A04@?<
ND4D:H:<M0@@D4:<NLE0I4A0=4NLL<@<9<G<<8L8@8288H1H3D4L>DK8CH9<9H9@B
L6L><A<9<K8;D;0K@<HCHK@1DC4MDH@C0642<:<H498306H>DI8@0B0A<FL5@N@AD
204<4HC038H84H?038L84H4@A@K0H<4@A@K0F8;LOD6D28@@4HB45DN@>D@@@<LH7
8D8@42<1@>D6@2<>@643D3@AD90>84LL03L$000@80@0M0J<80<4C<?8C0884L1@C
D78><80D@04040<4@6LDDKD@HG@=40<BL>HK49<IL7D:0H8I0D4L<D@9HK<><I4A4
M4N8<H9H3878=4KHG0=DB@AHC44L<L8<<H7<64=0L0H@:@F028@H9DCD6840L@M0A
094@HKHJ<L@1DC468=@E8G0EDN47DA<=LGD2LK83H44J420L<JD3H54<DI@4@4408
481010248<CH70>4@88<4@K43<6H4<NH60144<FHM@:L?LAD0@C494<@1<?D3DJD@
014C878F814743DHD0@2<3DI4F0G4AH<HI@0@8<3DI4@@@@AH84H8A0L0I0:864<0
@8A<4404OL$000@80D@04@40<8@0<0D4080M804I8C<74=4M0D@?4L<FH:478<H@0
F0K440C0ND24D<0H1HC4<@0D5<<4K0J@540<88AHAH3040<0B8;DC8G@44:<@H9D2
DFL6D6HNLC@F4ED@HG@=4J<NH10A40H?<I4>LALB@68<HB82004240@@@103048I4
7H?DA4JD2@78<4M0J@7D;868:8K8ODG0L0J8EHC0?0D0@@B48<HL94CDFHLL684<4
L1@DHELG@3864=0=H78306D84IH>@6<44<4O8CH6H;LM0H0D44<DL10C<68=DB<:D
B<34;H>458EL3L6<=@H8C@C4A<LLM0HHD@O468FHJ@B05D@8O0D@3<LD8H9H;8;@:
L20B03LAHC8D0507LC4B0B@KLB@64=LL0B@N4282<<@4@54C<5<=4L@B@C45<GD14
O<KDGD5<E8K0L0G@AD>H=0CH?@9L1@C<G0F0LHB@AD;<>@6H480H10C4KD4DL0LH2
D0LHL8@H428HHLH9D3DG4?0L<4LL@L8802HKLHDMD@8N80D5H18J@H8;<H0@D348<
LL=DFDNL:H=0H07L$000@38500004:81L?4GHC0146<@HIH3<7440?<<8@0L@6H?D
?4>@4LADC@F8F@I<;H?8MH@4N<<H1HA06@78=0@0@0?45H64>8GH4D;8ID54><6HG
D=@KH94LH1<206DM<FH5DC<<@@464=LK0G@E4;<AHJ8L8>89D90;LJ8B0HD>L>4N<
@H=@<<L0@0100888@@1@B4<@3<G@A06H@DF8FD=<GD9@I4@0A4=05DC464I89D10;
<<84HI0;4F80LLL@8A4<HHDO8C014<41<K@0@6D1<I01@?LH@H@HD90EDG0A4>088
K0286084IHB84<A89@C@F0:<9<1HKL647@1HHHO@18O00L$000@L@B@04J4800410
B074M@DDLL3H70=LLH@090D<@<0HA03440<0@0H0O4BDM06@DLI@K4F@F8?4C<C0=
DJHA<A@C8ND48F<4L8H9@F8HHC06L=@KHJ@B4;<FLND88B<M@>84L=D74O0B8@HM@
=D<0B8;DK@G@44K<307040@8@020>48<4@K40HIL2L6<<4HHJ0?4;<BD7D60;@L@I
0<40<LH@42<KDN828KD14OLN@LD>408@HILE@6D2<L<LHFH8D641D9H6D=D?DI4F0
44J<DHAD44=H48C8E84H6@I@4@2<KD9@64;@H0@0644<4L8HC4:06HN4DHE8A4I0?
D6@D<1<C4LH=8A@CDE4LD646H@HJ4>860L4F43@9H30E@KH603864=@28:8@H@@74
?<<05HL@30B82L:<C81<44=@5DC@60;03<2@?06@084D4<4HIHOLB@8L>0DHN<0LC
@D0H@D<F0;430N01L$000@80@0M0J<80<4C<74K@944<DL1@90CHMDDDLL3H70=LL
H@090D<@<0HA03840<0@0B044N<54J4=89HC4F<K8G<:46L80H@M@H4:4B<=@6HLH
1DC<6L>DL@JH6L5HHL@@N84D1D;4?@2L6L=LI06H0H1HA040408@K@2094FHH4N<H
D9@C064>@KH:H?<9L9@F89D;HH@FHB0F0EHCD8@2<2LD<;0HL0H103@40=0DHB<1D
C0CL<8K@G014<4E<H4@@H4=85H<@<8B@A@64<48<=0L0E0B42<=8DHB4K46<2<B4L
L<<C8C0LDG@:0G8046<6D<@@8E@;4<8K0F0<4B<B07@8@I@68><7H@H@4I<<@=HL8
FHH<<D6@<H88K05@68D4HH;D6D=@881@5L<8H0K@4<64<<=H2@J<IH@DM41@882HH
L;<34N01L$000@HHJ0?44<0L<@9L1@201D2@@000C48<;L3HKD944<DL5@MDF8BLC
H?<L0G@C40<48AD1HC8FD;H2<6880H00064B<=@6DDLI@K4N@F8?4O8ODND>4F<?H
;<A084B<5@60LH1DC<6L>DI<:4K8N<4DC84HD@5L=4I0L8G<G0?48<FH64>0800@0
44408@H90F81DCH5L<HH8D8K0F@4L5L<8;<=0;07<:HA8:42<2LDD;0G@447080J0
H014N@;0><<4H<A4I0@<1DMDC4442<H8JHB014=HJHM@KH586024O4NL<H40=0J@G
@CD9D<0@LILG<<HFH642<LL84B80@@4049<08OH04$000@2@@000C4H<3H201DLDK
@0<LLID3@20=4>@J00024D<0H10C4=DFH0LB<M@6DDLI@K46@GL1L10C<C07H<<KH
F0?4:<8L=H8<>4HDMHD@B4:<LH9<38F8O05H=HKHB0=D1@3@208480A0@044B8=@@
<LLA<C460<<M0G@EDNHCHC0<@C<G@A0=DO8N87044J8EHE0JHF034=<J@@@H43874
@43D=<L0A@6D=HH8<0AD3064D4=@24C4L0<HB4C@F4109H:0L8<<>0F<@HI@68;<J
<E0O@3<<8E4:4N<=H68EL446<@@18;DE<ID8@FL381@2L74>8J@D0>4D<4H30C02@
N01L$000@80I0@0K40D68AL0H1880@0J@H<C@68<LLH@090D<H<0HA03040O<>0@0
E084N<:41@C8<@@464=LK0G@E44<FLCHILBL=0>84LADC@68;LJ8B0HD>L>4N<@H=
@<<L0@0100888H@1@B4<@3<7@;LI@@@348<LL=DFDNLH@4@K<L@8D=@J<BLHL14B4
>HK49<<H0<LL=DC@;L?@<@JH<@L42H4<4HIH@<<8N4O<6H=@4HDH64J@5@082<K@5
@48><A<L0@@H4386HD4=@A4C<J0FDD@=@B8G0C48<<L983478>@J8G0KDKDK8B8F0
;8B<78=@3<J0F@?HI8I08D6D:@J<7DGHO<64@@;4;4>0E0L@@4A<J0HD98306H>DC
<4H8LDLN4F460><044<4HIH64:<HHJH;L;4I<F@646<>4=098@DIH903D6L<<AHB@
>41<B<<L6464;@14<<BLH<E<;4?464<0L8D@644D9LC<FH@DCHC@G@LLJ428B<942
D6L=4M058MLD<?8L8I4C@64=4K0F0?4K<IH3<G0I0A@0@LDED88O8?D:0><3LJ4I@
308DD<0H?L6L=L6D:<FL70MDD@J4A<FD60NDBLJ03028J43L8@H8J014?<3@6404O
L$000@=8@0=0246<1<3040<H>HHD=@ELDHC@?DC0K44DF<DL<H5H1D2@@000C48<;
L3H;D?44<@LI@B468=H=4D<GDN@K@0<4D1@3D78<DL@28GDF4KD?<B8G0948<4L9D
306H40J83H70DHALB46@=HKD4D8H9DF85DND<<1LJ4A81<;<;L78M<<LDH7860IH8
D>4242D74>DM0D0D4288H1@C<F8E0MH28N8LH1DC<48?0L0I004240@@@10B4<@CL
4H<4LHE@HDG4B08HH0L@IDC46@<<@8MHDH7@?81<8DJ@70E@6HE@9HC4G4>HN<I8A
HH@<@B8F8M@34H8LHIDC06D9DKHB054A<JL4<5<>L9LL4H4A<7D<8;@1D38<D9<H4
C874:0M<AH9038G<?0ELK<708HL@B@A4;<K0G434B<0L@@3@3D64=@E8:0J0>084D
<@HAD3074I8F@C024<<LH6<346@<HL@N@A@<HH<;@L0=@HH1DC4IL<02H:06D;@FH
K<F0C8C4KD5@@0;@L@G0040<<L<H64<@DHB<A@3<6@<8=84L3<5H=HI@H0>4N<9H6
8>8L0I@I@0H1@3868M4G@4468>0M8;@D<F8E4:4LD=@8HAD38747DC<?4343<70=@
K0C094BHH4947D;0KH=@L@J@<0N4=@5<C<5<=4K@B0?4><4LA43<6<=LDD40H46H:
0KHI@3D:LKHG0CD=D6LN<N0FDN0ELC83<74;<EHL05DFDO@J<F8F05DI<ADD0K4N@
F8;8I0JL4<>4H@0D;404LHJ07D=DB@O0CHI@34B<@H1DK<0HA@?40<>LO8J464J<:
0C88@8<@H@8=47D34I04@;<<<N424ED40A4C0=0KDA@J@>46<BH<<F8A4=DJD2@N0
1L$000@M8F0D4B<DH943478<DL@@090D<<<0HA0306480I0D0K41HA00H1880@0I@
84I03<68<DKDI0LHGD=0K@4@7<7DC46<4H1D3<6H=LK<?40<:L5<H0E@24C4F@;L;
LKD802408FD;HDDHD;HC8>D<<C@J@=4?<3H6HIL6<0L3<7080K@M@A8640<4H;8HD
98=@9@ADC8NDKL1HADC8?<H8HH9DF@C8<DG4?H>0K0@@ED<HK@;L10K@9@B434705
L688<4H;824C854880<DL:<AHHD:4:<E8C44870L49<74DHB8240<4L=@8D=HDH10
ADC@1HGHI0D82LH4C44870CDB81D3070J4KD;4MD@L2<J<54JDD0<42<GD90I@10J
LA@C8C8:@9D30H8A<34845@O89HM<8H9H70E88H60<HK@A034IHH8040<4H1@3@3H
845D<@>8DH=8BL9D30E8J06@GDJ0E@78B0G<E@HH1@C8A06D=8H8;<H<4HG@6D=H4
8JL2@M@1<L84H1@C<7@><J8I@F4K8:HCDF89030<@L@9D3D74=4@LIDO@4L78KLE<
AH3<688HL@B@A40<F8GH<8H0@09430BLM0:@HD9D38G8BDBHBH@@CH7D:<K8H0<4I
<G4L0H@<HI<ED24F<KD>890H8I0KDB@6<68J4HD=8A4D86<<D=@B43HO@@4H@D@B@
H@MD801H1H:@B@:@D0D0146<DL5@L03L$000@E8I@548<0H8@382060806@:00008
D@3HC0D@>4:<LHA0C@60>0J0D8ND1888HH9H306L<<3<ADJHI8I43<68<DM<1L@@1
03448I44H:@E<IHIDC@6@<DK@J0?408@L9HC8FL5DB<EDNHB8MLCH5894@HCHCH9@
;@AL54>@H8I0D48<4D9DK<A8B8;<=H;@H0@0242<KLMD1D;@F8;49D;@N<6@EH@L6
8>0J4C@E<IDD0G@5D;0M0I@GD:D1@C090IDB<N<J4H@50J<283L9DB<60?0L4A0:D
?8D<LH2<D@=H649@F<G4B86<HH98?D?49D8L84@H@@>42<@H9DCH74=414HD<<2@=
HJD30B4:<4H=H@88HM@:<HD9D;8C<38L<OH50CDN<50F<484H<8=<IH<H4HDHJLCD
F88D@D983H70<D24C0E@9H3<64<DL@K8B@50J8F0K80078:<HH2H3H<DN40H1H2DH
8880L:<J8M08D102@949D8@@HI@AD1<B4:DN<DHAHC@64<DI<8H:0E@?HFDI<K@E0
7<J@A@K0M81D;@0@54=<DL6@=HHHI06DE4<<K0;@?<I48@1D8H4H5@H4I0@@4<30C
4600D:<2L1HI09<F@4@J@BHNH80L@0HN888@8>804OL$000@80@00064@D9H3074>
@A@I0542<DLA8C<6@>@LH@0900<080HA00H18MLM<<<?DG@@4C<;H40L@@0A0:4<H
8D9@H@JHC@ID9@9@EL7<<DI8H0D4B80L9H;4?@>89HM8F@24:<8H=HADJH<L>8E@=
@9@5LE<1DD06<<D9@30FHI44<4HK4HL90A@4L>H3<<@8@8HBD74<DI0L8B<LLJHG<
1D@HA<C@C0>0KHB0546<BLO@MD4DKLG<5DAD;H0@2LNDLD6D3D:L:<K8F8945<<82
8D@68A@9824O<083L28C8N8DHAHC@F4AD10A89D?04DL<;<9054<<2HED1<J@280L
>D7LBHFDFH0D9<;H6@OHHHND8LN0F<>H74:8HH=DGD@@5D90L@L8D8DH@800FDCHH
8F@548<NL8@D<:<:@@438N8DH1DC@FL:DL4@H5H@8I<74=<0@BLDHEL?46L:@A4J0
E0A03<F8?0FH>@C<4@=HHHI06D54J@8@94K45HHHC83<9D:48@@H@@>42<@H9DCH7
4=424M0@@A8B@409HI4JHC0<@@8H8B4<L;4><K<K0>DN40@1HCDF@0D7@5@E0:84D
I4J0F<B8A48DLHM0A898C86H<DN4G8:L08GD64L03L$000@I8@0B00<08@H1<3060
<8@0=0D0000@907H:094J<DHI@2@78<DL0:@C4:<@H1@A0F@NDA0J81@I8C<6@=HM
0I@GD:D1@C090IDB<N<J4H@50J<088H9D;@F<4H<4N0H824E<N@8HID4L903D78=L
J<=@EHL@A@>4;0;L<82D<@I03<70>@J8G@>46<BL=@FL2LBL>0:D@@B48<HLA0C@6
8>42<5@>8DL58=HJ8K8H@;0FLJL>L@DLH?@I8E@A0A4K@C@F<C8A4MD>HDL=@B4D4
B80L9H;4B@90C@J@=44<DHA@;@C<309D98:H3<8@<LI8C060=@I8H8D08<78D8484
L=@@4<LFHFHA@J@>46<6HO8DLHD64789<L8<HI8C<78>8HH:H9H:0C@:LE@G@<4;<
H0C@8D10H<I43<F810@DD@B@64A<JHLD943DG8=0J4:86L84ED40<DF@BHA0FLE0=
H9@>894N4M4DLHL:4F@3H98J4?85@@DK<:88<9<A0C@68=HM0L80D5@A43<G08D4H
943<70<DI0@@>46<2H@4BL6L547@KDA@D@>48<6HLH8DD0J8N@ADF4:43<14?48<0
L5DIHHD:@24:<9<H0C@6@>@J8K0MDI<A<E8:@F0L4H83H488<6D8HH07L$000@2@@
000E40L54<DK0@@D4B<HH9H3420=480H000J4B0FH34N8DH1DC@6L=HI8G0D40<48
50EHIL2@78<4L@J06448DL9@3@20>880H@8@M@:<HD9D3878><N4A4JLHL3<G0C@8
LC42D6424;<><6H6<64GDMHB@540<@L983HG010MH>8:8DLADC068>8=<F@7HB<<<
<D<<?8;4=D00CD54<<H8F09DCH@@O<O8N8E0=4D4;L:<8<A<2DC<FLF@JL;HB@C0C
HC0B4:8HL=DD8B894FHD8N8FHJ8L@@@>46<FH882H1H6D641H5D?H<@=LA4N40HB4
6@><M0I0944<DH1HCDF@LD2@8D6@=@2L?80@2<:0844<DLI@3@F@1D48A<2LA4B<6
L<@I8L80DAL=024>0;<A0L@C4B<2H8470E09014L8B@=@AD944H503@?4=HH8HHIH
4@9LL0HH;4><I4JH30FDNH:@94682@EL?4<40@58=4K8B@HDM<;D;4B<3<G4@0042
<L<M4OD?4L<>0:@BDG4I<2LM<?4=D0HLD9D386L>@B4;0C0I0K4L@J8084H@H9L<L
D460?0L4A0:D?8D<LH2<D@=H646@749<IH30@L:<98AD4@KHH8DL9030L060?@>03
85H701H3<C@@L0D2HH80H5<1D9<04OL$000@M09@342<@H9D3420=480H@00J4800
410B0?8M0I<=<78D8:8DH1DC@68>8H8J0E44<DLI@B@7<<DI8H0DDHDNHB8K4DHI0
2@78<4L@J004440L@@A@C<O08H8DK@B08D=@B<H@IDK0HHI0HDO4KDI478:0E@;<C
@G@44;<5@@8@0@094FH40684@A@K<48B@<L9HC8G4JLHH6@D8484DA0:<F86D4HC4
D0>0L@;4A0G4=D9@346L>@CHH0D4B<LH=DI<<@=<A@:4?<E84@34?8:H68>47DED3
L58=4K8B@KDL8C090J<M41D;@=HL@080H9@A@DLNLLLADM<F4D0E868DL1@;4G@LL
FD34B@6L=49<DH5D042<E4?4>8AHI@I8F@@0:42<JLE@9430G@>0H@58GD:4N<14:
8FL30DHK4;@I434BD8H4<A4FLN054J8C86<48DL9@;@7@=<B<CDE8G0948<2L@45L
:DM4C@9LC42D64B4C<><:H6<F4KD8<34:@N8H054A<28A4B<78=DH@B@B4=<2<D<9
4I4=8@<4400;LC438:4243HA4<H<4D0:4?0=0283H38@@@LMHL4D4><;0M0K8CD04
OL$000@I8H004440L8@A@685D<0J@00J4800410B0?810:8@LIHC<54>@3<6@DLI8
C@68<@80D@ED?LF8BLB<6L<@I8I@4D?L?<I4>LILB@6@?8I8CHH49@;@B<48=@I8F
@54L<@H=H8D@420448<4@1@CD<HH8J4M44HDH:<;L;HJ<J4BD6L>8LHJ03428FHK0
J8E830:L:0?4;<0D>8H8G034;<GL0D6<HHB0F4M@B4H44@;<1@ED4<6H<4M0HHNHC
05H:@J0I05DI0J06HA0=@B@9<NH44;8FHK@@@<4B<<L9HC8G4?00D0@HD6@HHD@K@
@06L>0M0D@?4L<2H3HG4J4144<@LAHJ4>82H2L3L6HK4E4A8C<6@>@24489HO<18I
DO4B@;4242<G474<LADLDF454>LI8B@@48<4D1L;@0@ODEHA078=DH@B@B4=<O8AD
44<0<8G<;4=D20CD54<<1<A8F8?0KD4<>0D4=@AHI0140<0L=D5D4D>4<<LHED2@4
L>@6D0DIDC<7<=H94KL9<2H:<J8F@E47<1L5H@LDL70O42834J44D;41@@H9<H8E<
FDJ<DHI@BL74>@AD;868=HJ86H<4H@6HGD:H>4L838@<LH5@98I<>8<<NLI8B87D4
HK8>@DH=D<@28L@8HDHA@C4F0D4?488@4M4602LD4<<@8ED743060<02864KHLD5H
:8BL6<=DJ8G0HDG4089H387<>8I8>8NHG0FH106HB<2<DH1DK@M03DLLMLN<JHG8<
L9LBHC8@<DHAH3<G8@0?L$000@80I004240<8@0<0D4080LH80DL9@3<G06LB0>4B
<M0L0LH9D;<?@0L74>@KHF0GD4DJ4H4AH;<MD90DH6<FL98B<:0A@685D<0J@4@G8
F@14@<2LE4143874<DLHD0O4<8FL;8M0KH=<@H9<D8J<346H=LH@:08D>4@4C06L<
@I8?@>4:<DLID2L70=LJ8BHFD7440J8:H3H1@C0F@;<C0G8DDM8E<H<94A<N4O@1D
GHB@>42<8HM@;DA4;8>@:4:<E0B<<HM@3D<@J83LC46@><L0F014B<LLI<3<70>@B
4B8@0;<L@I<A4C@6@<LIHB@B4A<9LFHH8IDD4A<=D9DN@>8N<FH68H82HH@K8C0>H
34N<HHAD3D6H=4K8D@D4A<M<N8FHJ05@:<<HGHF@54J<LHADC@G@70?L5L2@<4I0B
HN@FHH8FHA0I<>8BLA@5D18=45<3<JLHD=@NDAD5D0H84@HL8J8J0;<O8KH?@94L<
FHM@?DKD=L<@F4=85LJDFD3DFHGD3LC468?0>4GD=<GLLHI<M844D810C@K<88MD=
<O02<E<J@DHI@EDF8F0B43LK4;0=@IHK0L8:<HH5DEH4@3@5@604LE@?0<H5HEH?H
2@2H8HE@;DALH8D<M4ADK@M49@K<N8I<=4HDH@;0AH9D9@0@MHG@@LI@?<J@H@>DD
0A4>LO45D=@<8B<CHA0I8K0D43<ND4<O4CDM03D48H@0@?H<LD48DJ@;@94=88LI0
8D1H;43@BHI4C4@<DHAH;<A8GD0@@<IDB46<2H9D7L<4HHA@D40<28N01L$000@J8
@0@004D8@4082040><20B<0L9HC074><806H544H=DL4LHID2<7094M0B@B40<28:
<@LAHC@7@:@KH1@?4J<FH>HHHJ0HD6D98L<FHAHIHI014K<8HB<68>@J0G@44A<9<
E4A@C<6<;L5<@L=H?DD@?4L<BH=@J@6LK<DL?L04OL$!adc76c3f