Electronics Workbench Circuit File
Version: 5
Charset: ANSI
Description: 
"Two-stage common-emitter amplifier with a common collector output." 
"Voltage gain (approx) = 205" 
"Low 3dB frequency = 120Hz." 
"For vin of 20 mv (p-p) at 1000Hz., vout is 4.1v(p-p)" 
"" 

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<2D8<0H9@=45<DDDHH05D0L=4I@D@345<;D74KHC
HE4NDBLFHL8C@G@04440D@@105H48D@10C4J8488HAH3@74;87H=HAH905HK8K<78
IDB4?D?H@HG@E8L4F8=@280DA8K@24N<8D98C474>@5<<@54GDK<;@K8C0N0=<ALB
<60=DI84HA44<=@KHA05D<<4064NDA4B@:D2D:0H8I@C4C<J8C0GH9DD<@<6H7DHH
M0L0H8DD=@74HLF@EH486H<4N00@<4;<=4=480F88H><?0<8FL30BH3L68<DN4=D1
<30E0AD>48<2LKLFDK8H8B0?4L8@H9D;HB@<88HH8J@<48<<L5H98C<54>DH@D8N@
F0;850JD54A<:@E8I4K<J8ALL0MHHH20946<0L5H98B<4484<L904@LL@DB4A<LH@
D4@=HLH48;06@9HF<A<ML048DI02<G010>D@870JDCH9@IHC8FLO89<8L1@C8NL@D
LDI074N@JDF4=@C0D@244<FLG0L@8D44>8<H20B80@NL;<N<I0:@E4984HOHC0KH8
@K8F<<@F4H@60?H=09@1H3D4L>DK8=HA8C430><G8>4IDBH0<7478<HH0;@1<68I8
F@@0:4N<1L1@2L6H><OD20F<E43<1L4H>4>0@4:<7H6DM4ND3860=H=8ND3L6H<0I
8O4;H68=HB8@4ND@DILG8@0?L$000@80@0B@@<B<60=DI8@0B008888@3868<DH8F
02404D8@488K8140@B@60>8M070E4J<0H8@38206<<0486@EHC47440L@M0G@=LAL
A@685D<0J@O@0<H<@DID;@7LH@=@981@C8N8NHH40D9HO4J@D@JL=<H0G0E4JD?LK
0@054LL?<I4G0940HJHBL;06D?4;<G@K0B8EDNHL8K@14FL>D<@L@0@OHE@@<2<O0
F<5H4H=840ID786H@450M<08OH04$000@38500004B81L:0H8I0D4L<D@9H3<20=4
80I0E00428KL509@C<7440L@M0C0040<<@ALA@685D<0JHOL4L2L6H><OD20F<546
4=0I8K<0L2L70LD:<B<;HEL04L<DH:HOL<40<DHC@ML4DL<4H34;0;L<8JDL@1DC4
68=@I4:H?<>4MH>0;8>8I8@0B008888@K8G810H<8H4@@8L<K4786@@47LM<I@8@F
HMH9H=<44><CLBL2H3064:4E@24J<9H0@6D>LI40@98K@2D2<CDN4NLE4KD;@78=8
C80D=@I82DA@G@A<1HOD<8I0K@8L5<MDG<2D64D<7DC4=DF@B0I40@5L9DGLI0N@3
L<@K@1HO00L$000@K8@0900<488H1@201D2@@000I40L50<4L@@@=46<0L@@3@3D6
@3<2LD<9@A<306HK<@404F<1L0@9@I@H4HDADC868ND=DHH9@CDJHKHA8C4M4E0CL
305HM<OL6@O45HGD<@J86<J4J<N4><N86DGD3<<H98IL4HI4G094G8EH5LF4=8N8@
H9@34FH<@E<GD70E<705DO@I8@0B008888@K8G810H<8H4@@804M070E43<7DJD0@
H8>D2@2<2<6DE4DLC<JH249D>HF47DK<0L2<8<@DL0L444C<I03HA8:42<IDI<48J
<:80HJ<480L8<DDJ4@@B86<:4K@EH6H0D58C@14O00L$000@<8@0C004080HI0>H<
0G0E0O40<0HI@:H<@K@00J4800410B0?8M09<E@C8G@44:<@H5DK4=85LO4MH>428
DH9D3420:880A090;<2L<4K0A0H@FD@8288H1H3D4L>DK8@090;<CH=@486@EHC47
440L@M0A0;4LH<8B@=424@<LH;HFHFLMDNDDHE@C004:<K@O4H48D9@A@D<84I8D4
C0E094@LK@8@><LH=HA<148H3HE8A4M@3D3864MD44C<MDH02@1L2<0L2L6L=8I8J
@FL346<>D58B8BH9LI@A07@8LGD9<5LC4N@9@N@:@<4BLL@H4B43L64L80@C8NDA@
IH3064MD1@306H><A434MLI0=@D<@D9@JHG46@OD48J<?LA0G03DN01L$000@80@0
N@H494C06H<D80900444481DC468<4K0A000J480D4N@OD004DA@3@789HM8F@04B
40H8@1@C810AD=<<H1H107478=8@0B00408@H1<3060<8@0=@4D8HC42H60=@I8BD
50JHBL;06D?4;<GHK0B8EDNHL8L8@@K<7<68<@48?<>LNLFD:@5LML54C07HMHL4G
<O8O@64JLO8KH>46L84I4;D6<@42<>LD<><KHI@?08<LH3@:46<;H><<42<HDOD>8
>0@4:<7H6DM46D9@>@:<E@K4<L0<0H9@F0F<9H9DL0ILG830;014GHJH0DO@0<$00
0@806@?48<DH1@3<201D2@@000E4@LGDL@G<HL94C06H<D8090044448=D;D@@<44
<28JL18983074>@C@J@=40<481D10346L2438JLI@3@20>8>@I@@004F88L8HC42H
60=8OH@4L4H8<HEH3L<86H4D0H9D?4O<L008DL?@=8J8M<6D<0K@J@M87L=@H0B@N
<GD>4@4ND4DJH20FL1H9HL0IL7874@47HM<MH?@D0IL7864H4K@G8>@:@@@9DK4D8
L<@HIH;@5H18O00L$000@80M@04J4800410B0?8=028<HA@C@6L8HK<509<NHH@N@
ML>428DH=D?D900444D8@DBD64<<8@L87814?4:<HL1DC47440J8M0I004D8@D1@2
064<HK0=@E<<HKLA@307080I0A0>4J<7L3<64K<GHHDADC<G0?@@HD@B46<DH9H38
G8G0CH;0?LNH2@<4:<FH5@G4D46<2LKL2HD4E@;0<0I0K<78=H3L3<4<>8O43H50=
L<<A<3840<0?H5@046L>L>H?<70:4M8N@8D=0;0GHK8H0@D7DGH60>8M070E4J<FH
O@@4C0B42<K4NL0D:@K8<8GH6L<HHH1<60K<5DEDA0@DE@@@<4:<DL1@107478<8;
H2DE4;<B<6L<@I8F0E4L8FHA8<<>4L@B8K<D4MDL4486D8HF@=<ALB@68<HB82004
240@@@A0C0;0<H8DJL?HIL2@78<4M0J@KDNLE07H=<N<@D1H3@78>8H<EHA4H8=4=
45<L<0D4H<8G@>D<L@H9DC0F<F0D@B8LHI<K0384<0<885H3@MDK@I094A<K83DL8
=@402<8HIH3L;48LDHC@;0B@HL>8O@5@4LJ<H@1D3L?<JH7D1@<D44I07H:HJ4K43
0N01L$000@2@@000A47D6@?48<DH1@3<4L<4K8B@04440D@@10244038D82@C0884
L1@CD78><80D@04042<ED34B<60<8E<6L74;4346<2H54F<GH101D@HG@=40<2LDD
I8;HF@?0D0@@B48<HL94CDFHO<0D4L<8FL6L><J8J094N<HH=D?DM4C0G4=<<@J0B
004<8@H9@F@78:HH8F0E4;<E0I4J4242<JDKHJH:<2DFL:DG8I4J49<MHG@FH0LA<
J@30J4CH7D:8I8C094880@8@202048<04898308DM<>0A43<;L3DGLG<B88H9HC4G
4O07@B4K@>4NLE8>01<3DC@FLJ40H1D2068NLJ09@:@5DAD?4H<LH9D3DG4M0N@C8
>0GHD@44A<KHIDMDH8N<0D5H3@E8H4N<HD9@C064>@KH:HO0CHC0=0MDN8H8J@3H8
DB@J0J8<<3034J46H><I8C@9D143@405L78>4@0G0K4?H3DK4I@944H3054404H?0
54F0K4@0?L$000@2@@000I4@L7H1DM4C@;@6D146<8HIH3<D<=DB@0494N@K09<GH
?<C@@@=4;<3L:880A0;0<4<DI@30B4G09H88KHJ@>48<<H1HA06@78>8@0=0440<8
@1@3460?LI@00444<<L;LA@386LND<LH<LH5L3840=@L@H@<D6@4@ADC@64>DJ8J0
HDNDH@O8F@DL10C<F8<DID1DCDG4O0FH10<DHD188<KHJH>4O<K030B4I<NL80?43
<?<J@0004N<8<1@C8MDI4O@A0:0BD:@D8K0L89D3<G0F0HL2H8H1H3D4L>DK8BH3L
206<F478DD7H5L40J82HJ<GD606<OH@<;4BL5<2<E4AHBD60=@M8B@04448L8LI@A
<48>D=<N8@H9@346H:DK@:H=4E@A@;@>83<F@7D;0D@HHA06HMDB4:8HH9@284840
@8@020242<I<C@M0C8MLC4884L1@CDG8O<3HJD<L=DGHJ0@48<8L=HK068:4705D=
D<DG@H08@A@FLMHI@F014><2HBH:@J8?@34;<<<<@80I0@DD<CD3<74=4:4G<8<C@
N<B4=02DIL>46D8LIHG8H0242<3HAH3L;HI46@24H<HLCHH<;0N@F820<@3LE<<H<
<H07L$000@80@0H@3HO86@:0A0J0D8I43<68<DK07014J<DH1@1054408@A000A4:
@<018CD60>@M8I@04B40H0@9@F@<H9@H8A0EDKHL@<@<DI@;0D@I@:4@83<N8DH1D
;@B@58?<J4L8@4288H1H3D4L>DK8MH2LC@A0KDKHI@948<4LID3<FLNDDD<<LHEHB
424L<0HA03468J4M8;014H<DH=HD44H8L8L9@:@?<;<9L:DK@:HM44H8L5LG4N<K8
3H5@:8<<8@?<NH9054<<4H1424208480A0@0A450<46@04@L8LK@O0M8O0KDBD6@>
8I8I@HDLLA4L@AHG<:L@D;<M0L0G@AD6H=0@0B0G4@L<0D8=8=49HC4F<54@40<L@
8DM<GLEDC<;D64;<C<O4944H<8G464=LK0G@E44<2LCD88L<C85L=4I0D8>L><7<I
L?@@43<E4H@8@B@18CH5L<HH8A@D4N<FHH8NLH@8@=<BL2LDHNH50O@104D0DC8M0
:4?D1@>D7DD8:85H6@ND10O00L$000@80N@=4D0000@90L8A0K<B<><>86DL@9D3<
7040A4KD;HN8KD0<4DA@3@789HM8F@04B40H8@A@C@K08H=LLHD@D4B<LHADK<@HM
0C004080HA0346DK<A4>40<HH1@C4G048:HH8F0E4:<0H@@3@3D643<AHM<J<L@1D
C468=@E8G0ED@HG4<LKL40C0G0LH?<ELMDN4<8;8<8KDK44<DDA@C44@8@800@044
488=8K420A4M<AD6<GH@<>428DH=DM4B8;8HLK078:<M0@@D4:<>LGLL<O@1D54BD
2HI0>0E4@@0HIH08H88H1HC<;074@<C498E@@8G098=0H8E<28306H84:<4D9484;
@4D6<<4:D141HC8K0D8J0:854L03L$000@80@030N8DH9DC<6L=H806@:0K0683LN
HL8MH7D:8I8C094880@8@202048B8I@A04428JLE<5L<HJHL@1DC468=@C@@@=4:<
FH2HM<30;<<L18CD60>@M8I@04B40H0@9@F85DC4O43H@49<>HHH?800983074>@C
@J@=4?<=H6<<@<83<GDC4B<@H9HK8=DBH8HHLI@<<C8840<0LA0306H=HL0H@@@K4
<<4D1@C<G84D8LAHAHC01DHLNDFDJ<E8G0EDHH;D?<><=@DH20:4A4:D20:LI49DG
0:@:8<<<H:@282<;<B@:D:80<<@N@G@E8I8E@A0442<@@2@60<D@H9@J0:H@09D;0
2D<0D<0H9DB0:H4030B<4<L03L$000@M8F@04B40H@@A@304038500004B81L:0KH
I@948<4LID3<FL1DJ4640<0@1@206<=8L00024H<@HADC0K048:HH8F0E4:<0H@@3
@3D6@ELK020305H=8OHHDN@=<N8@H9@346H:DK@:HH4K@B<A4A4=L6HL@9DC<FHHL
AL=4F42L>LMLB4:8HH9@284840@8@02064<D0H1@B4G0;H?D:4@8>428DH=DE4B8;
8HLK078:<M0@@D4:<>LGLL<O@9D<HGH8LL0B8CDF43H@0288H1H3DDLE8>8E@ED24
:@<HF<CD306H=8I0H014@<I8;@H0B0:46<BLC8F8A8:4DH0D1@C<D0D<4@546<<8@
8FDB8<HH88HFH:H281D3<6D848L<L:4>8K0@@@0IHJ8FH2H@H5DM0=024;HM8D804
8<4H10=4D44HD@F@10O00L$000@80@0B@H<2@78<4M0J@C40<481D1030403850L@
4H?DA4JDB06L=DL0B8CDNHB8ML3H50<4L@J0>4:8DLMDG4I4I0A4=DN@<H9H3878=
4KHG0=DA0AHC4HL6@H<<H7<64O<<H<8A<6@?48<DH1@C<58=HM<>0KLM4A0A4N<D0
ODJ<NHO@645DF4OHMHB4:8HH9@284840@8@020244D0L1DB4G0KHD@OD4D304L<4K
8B@EDHD7898K<;830FHK0L840D00DC@F0=884HH1DC<40D@@DC4L0EH@DC<N0=844
HH9@20J8@89@>0JL48BHLD:4FD20D<4HJHD0L0D0@DC0B0J048L03L$000@I8@@<4
4<088@0<0D4080N8<418CD60>@M8I@04B40H0@9@F89D;L<86DL@9D3<G0<@DLGDG
0I@D0@@B48<HL94CDFHLL4HD<4HFHJ4C<74=4M0D@?4L<FH4478<H3HJ<1@C<MDH@
F0040<HL9D;@B44H=LI0B@<4:<HD=D3DMH7<3D64>43HF@?LK8CH7LDH4DJHKL7D:
8I8C094880@8@202048D8L@@0A46D54=4?L14HH94C06H<D=<F4AHJ8B00D4<5DJ0
@@:LA<O0D8D0D00D3@74H4;D1<6<L4J@88AD3@6H<8@8B02H>0@8G<2H<@H8E80D3
@74>0@8B02H=HH8E88DH07L$000@K8B@04440D@@A06@<@I8@@<44<088@0<0D408
0N8<418CD60>@M8I@04B40H0@9@F89D;L<86DL@9D3<G0<@DLGDG0I@D0@@B48<HL
94CDFHLL2H2<B<ODADKHI@948<4LID3<FL1DJ464N<C0<HK0=@4L8H1D3@6<=8L8A
8;05D>D>D9<B8K@5<H@G@4H6H@44H=LA<2DC<58=HE<<8EHB<B0A4:8>0NLF@7D?H
9@9<E@G<?<D@B@64B<@@10A0D00D:8B83460F4784DID5L847414E<980@3<BDKD@
@:D;D6L=HI08@:D:LIDJDED=8@L8LOD>D442<FD50:@B@444<4L;05<4<0H9D?02D
;8O@<4J4909@=0M8A@189H10M03<C@D04<2HAH4<=0@00HIH5<K0F0<42<?8380@O
@0<$000@80@0I@<41LA00H18NDE@0L54<DI@4@44084810102484D@L020A4M<JD2
L6<=<N8@H9@346H9HH8F@54;<A<>DB@FHFD60=@F4HDDHJ0148<DLIH3@20=480H0
4@K<B8541@?4J<0H5HK434M<2D50<4L@J0>4:8DLMDG4HDA0A4=DN@<H9H3878=4K
HG0=DA0AHC4HL6@H<0HIH?8E4<40<HH9@;@:4G<E8A8K<78K@>L78<8L87@=0OLF@
7D?L9@9<70F@200D@L9D:0JL889D;06D:0@<4HJHC0L0D0@4C8L09H2L6LL4J888I
D=0@40H9H=@:460J00824346@H4;D1<6H<4D<ALC4J4081DC820J848L03L$000@8
06@:000084@3LNHL8MH7D:8I8C094880@8@202048A0I0C04428JLE<5L<HJHL@1D
C468=@C@@@=4:<FH2HM<50=D=<<4K0<8A<9DD42<@H9HCD7440J8@0@094FH4D:<3
0N8DH1D;@F86<JH5<:0H8I0D4L<D@9HK<><D<A4MDN<<H9H3878=4KHG0=D@0AHC4
8L6@H<<H7<64=8J0@0242<:LJ@=HE8L8FH1HNLC<AHC070OLK<6L=DIL3L?H1DI00
@>D1DK0@@9<0<6DD<@43470>0L8A8;05D:D>D9<A8K@5<8HML;0ODL<:@AH;02048
18<0@82<08M80L3<:DID@@ADFH>08H:D6@=888:0:D68D4E8E8D4D0EDE83068<4:
86LL03L$000@<HH@C004488HAD3460<@@0=0D0000@907H;014H<DH9H3420>8>@6
H4H0H10C0G09H9DKHB054H<DHA8C<6@>@LH@090?<G<C4O0>H8<KHF@=4N<HH5DEH
HD;HK@GD8L98346<94A0@01008888@B<306H8@L8?8ND8D14I094C0FHDD94=83D<
<M<9@D42<@H9HKDODALN<6LC4O43H@49<>HHH?800983074>@C@J@=4?<MHM<34JL
M0IDK@884DMD6H5LJ@<<BH3468D<L86H>8@8E@A8=8@8FDA8F4>H8H:0ALIDE04LH
H1DC<E0M8E4K4603460ED5HC060E4GLEH<@D82H@DA0:8E@I@@014JH98C4@42<5H
HDJ@H034HDI@H@284L5<2H5H188L=01H24BD9@B4B42<68580DO@0<$000@80@0J@
H<2@78<4M0J@C40<481DA030403850L@4H?DA4JDB06L=DL0B8CDNHB8ML3H50<4L
@J0>4:8DLMDG4L4H@NH?46<4L1DCD6@=LK@6H80HL1@206080I@F0K49HA@3860>8
H0H@2DF428@H9DCD6840L@M05@B<K07H9DKHB054H<DHA8K<=8K@ED50IDNL;@K<L
<HDF@H@G8F88L98346<94A0@01008880@1@B4G0IHD@9494KD<8D8@LB@=H<8H8DH
CL3870D<3L386L:4ND4<F<L4ND2@8<4HM0M09<I89@C0N@MH<0C@@@=4;<C8D@JH6
4FH5HN@:DB@2<5HNDK@F@?8<@J00@9DO83<N8H@A42<C@L08HC<F0J4D@L42D9@=@
:4JH:DID6<@<548LJ0D43434748D@<@0?L$000@80@0N@D49L0<@D>8OHJ0L@1DC4
68=@C@@@=4:<0H@@2@20488@@0H@F@C8884L1@CD78><80D@0404B<=@9<<H6HL@9
D3<G0<@DLGDG0I@D0@@B48<HL94CDFHLL4H2<K<LLIDC@6@>@J8G@>4K<003D6<AL
=0@HID>H<8J0I0840<4LEHA0BD60=@M8BH1@G4:LA0;47D60>4OH2L7<:@>4;<6D>
<CD4H:8H4KDJ<NH00645DF4MHMHB4:8HH9@284840@82H70:H<@L@H@M82@E0:0C4
AD3@74H4;0<D70H4;8<D64L4:8;49DE<M@@H9D:@BDJD7@6<C0>8@@8<?D64D4E45
HE4L0ED=H5@=D48E0M<0HIHE0?<4DL8J@1DO00L$000@H8F0E4:<0H@@3@3D6480H
000J4800410B0?@=0N8@H9@346H:DK@D@D46<0L8@;8B@<H8<KHF@=4N<HH5DEHHD
;HK@GD8L98346<94A0@0100888H@B04L9HC@K@20A4M<JH2L6<C<884L1@CDG80LA
81<B8E@?0;0>0I4IHK0>0D0@@B48<HL94CDFHLL2H0<4LFHJ4C<G48D58MDIH5@08
6<AL=48HIDO8A884H<8H9@E@<DE@A8GH<@6HG@0464<@@8AHOHD@I0@@94ML1HHH9
4C0FHDD94=83D<<M<88;LHDF0E4HL<H7<64=0J@F0>42<:DGD<08@3<6084ADOH<H
H89<?L6D<@J00@9DOD9@B4@42<G8N@2D2<E858HDK8;4JD14O00L$000@KHG004B4
8HHL1@206080I@F0K49H1@386@=@H@00J4800410B0?@F028@H9DCD6840L@M0E0K
460C4NDKH60C07H<8586@?48<DH1@C<58=HJ8J0C4?<H8>D4D2<FDI0B06L=DK83H
68DHHD;HK@GD8L98346<94A0@0100888@@2D346L8@L8?8ND8D14IH94C0FH4D84=
83D<<M<9@D42<@H9HKDGDA8N<6LC4O43H@49<>HHH?800983074>@C@J@=4?<=H64
<H<83<GDC4;<I0DD4D2@4<6<A8C4B40<4LE8<8:DML>0E0GHGH<H88:<8D9DI<78=
0E<904H;@58A8=42DJDE014F858C814JH58@HAD08=@L0A@?8N468<LNDI@2@;01L
@LC8M<844H:@D4K<:0O0D074L03L$000@I8F0>428DH9D3420:880A02004D8@408
2040O460@D9H3078>DLH@0900<084HK4DH5LF438N8DH1D;@F8J<;H;@<H:0H8I0D
4L<D@9HK<><F<A4MDN<<H9H3878=4KHG0=D@0AHC48L6@D<<H7<64=0I0I0B42<:L
H@98306H>D9<@HK@5<H@G@4HHHNL7D9DKHB05D38:DK@:HHD;@4LA4:@>0JLF@7D?
H9@9<E@E<?<D@B@64B<@@10A0D00D0HB<C<;0;DB8<HBLB0H498:D6@L4:8BD9DE<
E84H:HOH70KDHD@@DHEHA0I0A01404?DDD=D5D1@;<F0J4809@K0=0;@FD20<<4H1
0=4044HG0=<L44H=@>01HLL;8A0<42<3H?014:D5DH@I0G49404OL$000@2@@000I
4@L7H1DI4;4B<6L<@I8F0>428DH9D3420:880A090K<;8306H4880<8O89DD42<@H
9HCD7440J8@0@094FH4D:<30N8DH1D;@F8J<;H;@<H:0H8I0D4L<D@9HK<><E<A4M
DN<<H9H3878=4KHG0=D@0AHC48L6@H<0H1H2064=0H0I0>42<:LJ@=HE8L8FH1HNL
C<AHC070OLK<6L=DIL3LJ<28M<M<3H54<DI@4@440848=0D4280D0L9DE@7484:H0
<64<8H8E<@D346@84901<6<H4;DA<F0J40LIDFD604<HL9DE@<8H4801<84D@K@0@
>L5D<8;43H@D7H<H8H1<68>0@8AD2H04OL$000@8@:0G444088@0<0D4080N8D45L
<HJHL@1DC468=@C@@@=4:<0H@@2@2048J8FH2H@H5DFHK02@78<4M0J@C40<481D1
0C0<@;<68@D44=LK8H04D7<MDHD<D0H4DA@3@789HM8F@7DFLC<K07H=LLHD@D4B<
LHADK<0HM0C0?48@6<=@FH2<<<0H1H3<6D>48DE@BHE8G84D8DAHIHHHH@O@00J<8
L2@7<:D>4;<@DG<OD4868:4A<MHG8FH@LA<=4A4>D<@ALB@68<HB8200424F@0094
480<4L0@2@1@6HI8A0A4FD6DF888<0I08@:DI09@J47<3@18E@0LC4J0:D742@I02
D=@:@4H2<E<;L:@BDKDC0B42<2H1DH@@@DHIHD8L0B014M8J088HH9@;0FD<0L<@H
9D2@5D08OH04$000@K0:@>4B<@HIH3@20=4>@H@00040<8@0<0D4080N8<4I0C<6H
=DKHG0HDFDK0A<G<NL9054<<4H1424208480A0A0@84<@H90;@ELGHC0;4B<6L<@I
8F0>428DH9DK4;8E@D<F@ED@D<4A<5D6H@D9H3078>DNL4@IH@<<@A8?<145HK434
M<2D50<4L@J0>4:8DLMDG4I4D0A4=DN@<H=H44B4>H5<2H:86<AL=4@HID>H<8FHK
4AD5<=8:L8<;H1<60H4;D1<6D<4JD88ADC8;0@<@8@82H=HL@0@>L5DK0@@:D1<6@
>0K@0@445DL00@>L5D<89DAHE@8D28:H0<OH04$000@80@0M@=4N8@H9@346H:DK@
D@D46<0L8@383D6480H000J480<4K8M8<4I0C<6H=DKHG0HDFDK0A<G<NL9054<<4
H1424208480A0A0>8L<@H90;@ELGHC0G4@<>428DH9DK4;8E@D<F@ED@D<4A<5D6H
@D9H3078>DNL4@IH@<<@A8?<145HK434M<2D50<4L@J0>4:8DLMDG4I4H0A4=DN@<
H=H44B4>H5<2H:86<AL=4@HID>H<8I@=@4L4HEH5070=0H44HG0=<444LE@;8E@>L
E@<8H4841<6D84;D1<6<F4NH8LJHH8A@C840D@0DC8L0EH8D5@28D8=844HH1D344
004OL$000@38500004B81L9DKHB054H<DHA8C<6@>@LH@090D<4<0H10304064ID@
HG@=4J<LHAD;<;@A<GDG0?<ALB@68<HB82004240@@@A0506L<HA0H@NDM8A<28A@
B<60=DI8JH<83DDD=D5D1@;<=@F454>@H8J0E4G<4L>43H4@:<K@9<>0I4IH;0EL8
0144<@LAHB<78=DIL9D4HJH?H:0KHI@5D4@J8=HHD88=8LH64IDF0K49HA@3460>0
L@H@2DF4;8M8M8BH4@7478=0JHA<1<3068=8LH:8:<:H64I8F@@0<42<:L3@1@2@4
L8D@H9D10503H>@B@2@2<5H4DJDH0344DJ4H@M8C@:@>8ODEHA0C8?0OD@<@4I8DH
I0G014JH58C<A4JD5LA8I84L3<3474>0I@8@:D;4IDE0O88LA@685<M<084@:H;0H
484@420DD>@H07L$000@LH@0900<080HA00H1880@0J@8<;L<86DL@9D3<G0<@DLG
DL@G<0L983074>@C@J@=4?<=H6<=H<83<GDC4B<@H9HC86L=H3<D8<<LH64IDE0K4
9H1@3474<@<8H8M@F428@H9DCD6840L@M0E0K4N0=<NHHD50F<F85HOL<8=86@?48
<DH1@C<58=H5<><8LM0A0A4><E0KDJDNH60645DF4MHMLB4:8HH9@284840@8@020
648D8H1DB4G0KHD@644D304L<4K8BH48E4>DA@ED6<@D9H3078>DD4ED00C4>054@
00HIH2D@0D<4H:HE8E@@0C040D@285<68=@@8FH98<HH8E8B83<74=0@8DH98B8@8
G098F4HH8L:HI49@E@IHD4E<:8H07L$000@80@0B@H<3H201D2@J8O40L54<DI@4@
44084810102494<@J@20A4M<JD2L6<=<N8@H9@346H9HH8F@54;<A<>DA@ED6<@D9
H3078>DLH@0900<084HK4BHI@=@I0C<6H>0I4IH;01L80144<@LAHB<78=DIL=D8H
9D=@D<6L><J8J094N<HH=D8<>@I@7@DH346@>0@0A044H<@H1DC@G048:HH8F0E4;
<>8L@M0A0K4>0;@;L7<EDA8K<=8K@FD6LHLG0K0KH=<?<G@C0BH>0E0H@58?0E<4@
8H9HG0:@:8<<<H:@882<5<<L60:<A4:@408L4D68<@@8E098=00854603HN01L$00
0@=0L000248<8HAD3874806@:000084@3LE@@@<4:<DL1@107478<86H3@JLDLI43
<68<DK0:@>4B<@HIH3@20=4=L0H2<JL=@I0C<6H=DKHG0HDFDK0A<G<NL9054<<4H
1424208480A0F048@<@H90;@ELGH50H47014J<FH>@94ED<<=@CD54>@H8J0E4G<K
L>4OH4H6<KL4<>0I4IH;01L80144<@LAHB<78=DIL=D0H9D=@D<6L><1<GDF@K<G@
:0C4?49@6<ED283874=@@8DH98B8@8G098<HH8E<:8?@:4>0:<I49@J0:HA49@;0:
D68L<4HJHO@L00HL<H480DD@0?L$000@80@000J4DL@4H8EL7H1@?4J<0H1H90<8F
LBL?@NL80144<@LAHB<78=D80D@0464L<4HFHJ4C<74=4M0D@?4L<FH4478<H@0@0
;47L6DK<A444<<0H9@=@245<<4K0J@540<88AHAHC81DGL<H;LA@685<M<N85LDH8
HB<6L<@I8F0E4L8FH68LHCH>@I8<8C8MLEHFH@LA4=4A4>D?LALB@68<HB8200424
0@@@A05468=0A0H@ND4HAD54H47014J<FH2@94ED<<=@CD54>@H8J0E4G<KL>4OH@
HBH08=@H8E8H0L88D2<D@2D602<E@2D402<=<;H2@0DL0A@08<0<8A<F808=0;8>D
60;@J@H@M<3L3@:@4H2<F@:DAHFD6D@8I8=@@HJ8<8H@H014@<I8;@H0B0:46<BLC
8F8A8:4DH0D9@5@OHB<980HO@0<$000@J8M0A004080HA00H1880@0L@H<B06L=DK
8G@>4A<=<F42L>LMLB4:8HH9@284840@8@020448DHH1@B4G0;H?D64F<4H=LI0B@
<4L<4@9@C<F8FD;0HLK078:<M0@@D4:<<L1HA0F@70?LB<C4ML24G0<@<LE@0LD0@
@B48<HL94CDFHLL6H4<4HFHJ4C<74=4M0D@KDLH@DI8I@<<C8<4F<CD3068<0J@E0
A45<=8FL:@>4;<@LO<3HE878A<>88<4H0@>@BHFHFD60=@848LA<;0O<4<=8448HA
H3@6884901<6484;D1<68>8H8E<8D?@:4>0J0089@>0JL089H;0FD@0H<@H9D:@5D
08OH04$000@M0I@04B48H8L1@2060806@:000084@3L@HG@=4J<LHAD;<;@A<GDG0
?<ALB@68<HB82004240@@@A0506H>8A0H@NDM8A<C46D?48<DH1@3<4L<4K8B@EDH
D7898K<;830FHK0<8:<M0@@D4:<>L9LL87@90DHG0BLL0B8CDF4;H@4288H1H3D4L
>DK8CHC<A@C<K08H=LLHD@D4B<>H5<2H:86<AL=4@HID>H<8H@H004<<4HEHE0;D:
DHD9D;8=0=<044LG0=<H44HE@;8G0842<=<:0>0J0H89D>0JL889D;0FD;0K@F4:@
1@1H;8F014MH;8D014EL2H<8<8A<08OH04$000@C8G@44:<@H9D2D6L=4M0I@04B4
8H8L1@2060806@:000084@3L@HG@=4J<LHAD;<;@A<GDG0?<ALB@68<HB82004240
@@@A0506H=8A0H@NDM8A<C47<304L<4K8B@EDHD7898K<;830FHK0<8:<M0@@D4:<
>L9LL87@90DHG0BLL0B8CDF4;H@4288H1H3D4L>DK8CHC<A@C4K08H=LLH2H28=4F
L<844KDH0186<H<<H7<64<8J@E0242<:L2@3@F@802<K@FD402<:H5DJ0H0@42<@@
F@602<J@FD202<=<?L<@5DI0E0A45<<8FDJ@JD5D94>8EL30KD<<2<H@E4GD3H<@D
82@@@A028B8I0B014044D@8ADI8=H48E03<N01L$000@J8J094N<HH1DA06@78<H@
0@004<8@HID>H<8H@=@8L0HA00H1880@0L@@<BD60=@M8B@04448L8LID@H?L@0M4
4<DH;LB<6L<@I8F0E4L8FH18LHCH=@;DI08@5D68L@9DC<FH@LA<=4F42L>LMLB4:
8HH9@284840@8@020B48@8H1@B4G0;H?D:4@8><28DH=DI4B8;8HLK078:<M0@@D4
:<>LELL8O@9D<HGH8LL0B8CDF43H@0288H1H3D4L>DK8CH;<1@C8K08H=LLHD8544
@8H9H;06@282<C878D<<82<08O898K<;830FHD0D<@4C8>0=4@00HIH6D40D<@H9D
J0J48020E440EL@DC0F0J4<DF@204<HL9@J0J4882@3<6884:4A<@0?L$000@NH@0
=0D0000@907H80144<@LAHB<78=D80D@04:42<K<LLIDC@6@>@J8G@>4K<003D6<8
0H00064H<0H1H2064<8H@C0042<:LD@I43<68<DK0:@>4;<0L><5L2<0<4@FHK4B0
6L=DK8CH7LDH4DJHJL7D:8I8C094880@8@202048D8K0A04428JLE<5L98609HH8F
@54;<A<>DB@FHFD60=@F4HDDHJ0148<DLMHCHH@?4B09@>45LH44D7<H<D0@4306L
L4J888ID=004HH9D=@:460J008B43070H4;D1<6H<4D<ALC4J4H81@C840D@@DC<D
0EH8DE@G4246D004<8LAHC040D@04C<40DL84H07L$000@80@0I@<41LA00H18NDC
@0<B@60>8M070E4J<0H8@38206HF4?DKHI@948<4LID3<FL1DJ0640<0@1@206<=8
FH2<0<8HAH3<70>48DE@@@<4:<DL1@10G4:LA0?41DC0G0;H9DKHB054H<DHA8K<E
8C0M<4@B4181@?4J<DHMDN4<<;8<8;DKD4<DDA@C44@8@800@0444@8A41DB4G0:H
?D:488>828DH=DE4B4;8DLK078:<M0@@D4:<>L1LL8?@9D<HGH6LL0B8CD<4:0JD9
@G0:@<D0<<L:@6DD<4H0@:D4D2<E8E83818K8E8A8442<5H>DHD1@HDL0I0A45DI8
M8B8=4>DH<D4LHO8C8149DND6@5DF4D0ED<8K0508@DH:D4@4<4L90E830N01L$00
0@B82004240@@@A04H64<8A000J4800410B0?@M0A<C46D?48<DH1@3<4L<4K8B@0
444FDAHF4>DDHJ0148<DLIH3@20=480H04@K<B8C41D?4J<0H5HK4=45L5H6<50<4
L@J0>4:8DL5D7HNLO<G@C4B<@H9HC86L=H3<D0<<LHED<HK0=@4L0HA@3<6H=@L8A
8;014H<DH=HI4B0D<D<<HH<<@JH;<I@M<H0H@4L=<K<:@>4;<HDG<OL6868:4A<MH
@0FH@LA@=4A4>D=0ALB@68<H:D54:H<@I00@=<DDI@H014BL<8=8L0A@<8<@I@8@:
D9@9@C0:@AHJ03@4858C4482<H82@2D2<E858@D9DCDDH503<70F4DH0L6<>DH0@@
8LADJ0DLELC0N0J8>L04>02<:DGLH<LL<4@89@NL0HO@0<$000@80@0J@8<B<6L<@
I8F0E4L84H1DCD7440J8M0A004080HA00H18G4>DILB06L=DK8G@>4A<=<F42L>LM
LB4:8HH9@284840@8@020448D@H1@B4G0;H?D64><0LL<4@9@C<F8FD;0HLK078:<
M0@@D4:<>LGLL<O@9D<HGH8LL0B8CDF43H@0288H1H3D4L>DK8CH;<9H=@CL6L><1
<EDF@K<G<:0C0?48@6<=HL000240<@HAD306@>48DE@@@<4:<FL<@I08DJ45D30E0
<<I02<4L9H=@H8D<:HM0M<584H;@G8E8K4=H04:D4<4LFH50M<E8LHC4H4B@4<K0=
088A8A@C0<09D6<68L4:8BL9DE<=<0H9H:@>DKL9<4H=@58EH:LD@@820:4C4:D:0
:H74L03L$000@M8F@04B40H@@1@201D2@@000I40L50=LLHD@D4B<LHADK<0HM0C0
04080HA0346HK<A404@<0HAHC8G048:HH8F0E4:<0H@@K@5<H@E@KHG8@0A4=<JHL
@1DC468=@E8G0EDC8G49H2<E4H0B06L=DK83H40DHHD;HK@GD8L98346<94A0@010
0888@@2D34608@L8?8ND8D14I894C0FHDD9H=83D<<M<9@D42<@H9HKDGDA0N<6LC
4O43H@49<>HHH?800983074>@C@;8<D64L4:8;49DE<I@4H:HA8E@F8C8<L0H:<AH
>0E05L4H6@JD4D2DG@JDBD2<5H>DKDH034>DIDH@2H<D>D4<M02H1@J@64L@A42<4
L6DL4:45<10J01@9HK0=06LO85HD0=@D8M89<LHGD0<><84@L6H<8L@@@0H=D08OH
04$000@2@@000I4@L54>@H8J0E46<0L8@382060806@D@=DO828E<44=LK8H04D7<
MD4DKL7D:0H8I0D4L<D@9HK<><H<A4MDN<<H9H3878=4KHG0=D@0AHC48L6@H<<H7
<64<0I@E0642<:LH@98306H>DI8@0B0D<4<4HIHJL7D9DKHB054H<DHA8K<=8K@ED
50IDNL;@K<L<HDF@H@G8F88L98346<94A0@01008880@1@B4G0IHD@94H4806L6<<
4J<9L1DC@J49L9@E@4DH49@7L:<<@H8D@<L0LL<4@9@K<J84DFDAHF4>DE498<888
:DDD;07<D<J8BL1@386L:4JD:4F<L48D>0KLH4N@241HFDJLBD9@J@D820:4A8BD3
074D4E<:@I0:8:@9@5@?@8L:0A@I@504H0H1HC8E0A8:DGDH<D4O8O8C814C<A804
OL$000@80@0M@K40<D8@4H8?@O440DDA@C44@8@800@0444D8941@3048>4GDO8<8
<H9DKHB054H<HH94C06H<D=<F4AHF4>DDHJ0148<DLIH3@20=480H04@K<B8C41D?
4J<0H5HK434M<0450<4L@J0>4:8DLMDG4HDB0A4=DN@<H9H3878=4KHG0=DA0AHC4
HL6@4<<HG<HD4<0HADC0G048:HH8F0E4;<>8L@M0E@D4C070GLA<N<E8G0EDLH;D?
@G<C4O0NHG<D<MD>4<<;8H8D8D8C@<0EDCHC4>0E4HH0HIH:D0<4<0L9H:@JDI@F@
=8L4:4>47DI08@541024:D1DE414JHE8F814BLE8=8@H28<0L0E01484:D4<2D@@A
0E8C0@8FHE8=048E838N01L$000@K@@090D<<<0H103040<HK0=@4L0H1@306@<@@
0=0D0000@907H6@?48<DH1@C<58=HJ8J0C4?<C4C0BLHD6@3<N8DH9DC<6L=H>45D
NHL8MH7D:8I8C094880@8@202048A0H@E04428JLE<5L98609HH8F@54;<A<>DB@F
HFD60=@F4HDDHJ0148<DLMHCHH@?4B09@>45LH44D7<<<GD084DA@3@789HM8F@7D
FL306HF4ADKHI@5D4@J8G@HD=0448LIH;H20J8009D>0JLH09DG06@:00<LL38D0A
4:D5070=0<04HE0=<D04H=@>@G0OH>0L0C01478O8A<<80<4HG0J<849@0@1D08OH
04$000@J8J094N<HH1DA06@78<H@0@004<8@H1D3@40>8L0B0K4880<0D4080N8D4
I43<68<DK0:@>4;<>L><EL280<4@FHK4B06L=DK8CH7DDHHD;HK@GD8L98346<94A
0@01008888@B@38748@L8?8ND8D14HH94C06H<D=<F4AHJ8FH2H@H5DFHK02@78<4
M0J@KDB<701LB854MH4DG0<@<LE@:LD0@@B48<HL94CDFHLL2HD<4HFHJ4C<G4701
DJ0;@0<6L=8K@0@3D1D0@B4:82<K@6D802<5H1DK0=@4LHL9D?@9D60J000:D>0JL
7LBHFD24>D<LD<8H9@;@1DE<DDDH=H94B0D<D<0HI0HH8L=L60N4;8H@E4GH5H<@D
82H@DA0<8B8I0@01404LD88;8B4@0?L$000@80@0B@0<B@60>8M070E4J<0H8@382
064<0@0=0D0B0NH=DH0C<74=4M0D@?4L<FH4478<H@0=@J01@C<MDL@E0@40<4LEH
@HBD60=@M8B@0444NL08645LA4IDELI43<68<DK0:@>4;<=D><CD@89@B@088<KHF
@=4?<N@C02H?<>4NL3H54<DI@4@44084810102494<8L@20A4M<JD2L4D504L<4K8
BH58E4>DA@ED6<@D9H3078>DNL48IHKL<@LH?<0@5HK434M<8488;D68<@H8E85H3
46D<4J4;L9@=0M85<981DC@20J0:LK8JHH8F00D3D1DI@@@:<0<6@=@<82D181H38
G014MH38D014DL0H<HL@I0148838F01448380@O@0<$000@O86@:00008D@3H@HG@
=40<0L4@F4K<9<GH?<D0@@B48<HL94CD6H40J8@0B0:42<K<M0IDC@6@>@J8G@>4K
<203D6<80H00064H<<H7<74<HFHA<E<J4L@1DC468=@E8G0EDG<G4:LA4?4:D9@N<
?DJ<NHM@645DF4GHMHB4:8HH9@284840@8@02024DD8H1DB4G0KHD@MD4D304L<4K
8B@EDHD7898K<;830FHK0<8:<M0@@D4:<>L9LL87@105D1D<89DAHE004346L<H@8
B00H=0@8G<0H=HH8E8@4C0;0<<@8@<0H<H@8G<0H>0H8E4@4306@F4180D0L1DI00
@141D08OH04$000@80@0M@M4J<80<4FH741@?4J<0H1H90<8FLBL?@NL80144<@LA
HB<78=D80D@04444<4LFHJ4C<74=4M0D@?4L<FH4478<H@0@004<8@HID>H>8H0H0
842<:LD<I43<68<DK0:@>4;<>L><EL28N<E8C0LHO<DHMDK4<<;8<8?DKD4<DDA@C
44@8@800@04444898AD3048>4GD94K<9<609HH8F@54;<A<>DB@FHFD60=@F4HDDH
J0148<DLMHCHH@?420:838C0A4FD7LE80H<@H@0@441DH00@>L1D<89DAHDH043@7
4=8L00@3L1DJ0I014M838B0144L7DL0H0>4D<4HEH@HJD:8:DFLD@I0J484F<3H;@
H0B0:46<BLC8F8A8:4DH0D1@C<D0D<6@5464>0H8D<>@H07L$000@C8G@44:<@HAD
B<60=DI8@0B00888@@10201D2@@000I4@L54>@H8J0E46<0L8@382060I46H?DA4J
DB06L=DL0B8CDNHL868@<288H1H3D4L>DK8CHC<A@C0K08H=LLHD@D4B<LHADK<@H
M0C0?49@6<=8L000@40<HL1@C4G038:HH8F0E4;<68L@M0D0?4H4M8@4L4D84HIHB
<GDFH942DFL:DGLK<>@H@H@6LKL6D=DAL3HJ<28M<M83H54<DI@4@440848=0@464
4D8H9HE@7H94J<9<F0<0DDEH346H<4:<>L7<70=HK0I0A4E8EHC8:4N<AL30<D:HH
@B004285<C@L0D07HC@D0EDGHC<F0E81L4H:HC8L0E4GHC<D0ED?H5@I@8D:03LID
D4BH1D386<:4JD2L:<JD14O00L$000@80@0B@8<B<6L<@I8F0E4L84H1DCD7440J8
M0A004080HA00H18=45L208<KHF@=4N<HH5DEHHD;HK@GD8L98346<94A0@010088
8@@BD30708@L8?8NDHDI@3DA@B<60=DI8JH<83D<<M<9@D42<@H9HKDODAHN<6LC4
O43H@49<>HHH?800983074>@C@J@=4?<=H6<<H<83<GDC4;<M0DDKDLH@D=80<5<I
@1@387080L0E0@42<=<785<<4K0J@5D34>8JL9D9@;@;L60:08L:820:L0L9D;0JD
24L<4HA0E8L<4H=0E<D<4HC@M8D0:42<5<;L60:<@L:D60:D4LL03L$000@80@0M@
@4288H1H3D4L>DK8@0900<488H1H201D2@DHDD3HD0G@C4B<@H9HC86L=H3<D8<<0
H103040<HJ@=@0L0LAD3464>46DE@@@<4:<DL1@1074783<A<MDJ<L@1DC468=@E8
G0EDGHG4LLKH40C0G0<H8<KHF@=4?<F@C02H?<>4NL3H54<DI@4@440848101024:
8<8K@20A4M<JD2L4D304L<4K8BH5HE4>DA@ED6<@D9H3078>DNL7<IHKL<@LH?<0@
5HK434M<84I0E00<0H9H20:D@L9DF0:H<L@418BL78=0L000@4F<9D=@9D60:<@L:
D20:L0L9D70JD44F<2L6@JDB42@9H>D08OH04$000@K07014J<DH1@1054408@A00
0J4800410B0?@C0884L1@CD78><80D@0404B<=@J<BL;01D?4J<0H5HK4=45L5H6<
50<4L@J0>4:8DLMDG4IDC0A4=DN@<H9H3878=4KHG0=DA0IH0H:HC0346@>0@0H04
44<8H9H;@1D5<<4K0J@5D34>8>@H@00242<JLDLI43<68<DK0:@>4;<ODG<NDLH30
NLK8><=DAL2HJ<28M<I83H54<DI@4@440848=084B44@8H9DE@F494J<98F0D0DD1
HC4>0E8F<O0K00@9D>D;00D>4>DK@@@9<3D6DK<H4044<4LBHG@;43D6D808HHLE<
E4I@A830688490?D:<<8K00@=DND<<M43L:D?D6<F4DH@L;LOD@0?L$000@I8F0E4
L84H1DCD7440J8M0A004080HA00H1880@0L@H<B06L=DK8G@>4A<=<F42L>LMLB4:
8HH9@284840@8@020644D8H1DB4G0;H?D64F<4H=LI0BH4L4L<4K8B@EDHD78HHJH
C4884L1@CDG8O<3DLL=L68N<7D08BLM@A@ND00B@60>8M070E4J<NHK@<@H@H@6H?
86<FLJ09<G<ID1<BDC4HL6@D<0H1H206L>8L0G0A4E<<44D1@C<G84D8<AH1HC82L
;@:L5H=8L8>D=LC<88;H;D6@84;<KD;0;<4<E0I<<H7<6L>8H0D014@<G8;@H0B0:
46<BLC8F8A8:4DH0D1@C<D0D<40E4L09D4H6<<44<J<50100L9D=@9D60J0:L2@38
7044D0ELF@ED@D<41<0H380@O@0<$000@80@0@0288H1H3D4L>DK8@0900<<80H1@
201D2@6HB41L:0KHI@948<4LID3<FL1DJ4640<<@@<<HK0=@LLHHAD3<70>46DC8G
@44:<@H9D2DFL>D6LNL586480<82<30N8DH9DK<F<HLF@K0A<G<NL9054<<4H1424
208480A0A088L<@H90;@ELGH50H47014J<DH=@5DJH:4K8JHH8F0HD2HC<884L1@C
DG8?<28LL8468HDGD0@BLM@A@ND58D4043474<4JD80A@C840D@04C<L0EH845@E<
4<=8H08H1DC440D@@4C8L0EH@4C<>0=8D00H9H5@FD@8@<0H=0@8E80H04OL$000@
80@0I@04983074>@C@J@=40<481D10346H806@:0E09DKDM0IDC@6@>@J8G@>4K<2
03D6<80H00064H<<H7<6L=8L8=<6@?48<DH1@C<58=HM<=HMH:D<8;H2DJ<=@I0C<
6H=DIL3HJ<<85LMHKH4<DDA@C44@8@800@04444818AD3448>4GDO8D80@L<4@9@C
<F8FD;08L=4;<1<H<2H;<=@18CD60>@M8MH94C@0LI42@NL28;@F86<JHE<D@0H=8
H8E404C89LH48L0<68H4;D0<6@<4JD009@E@64H4840<64H4;D@<;0:H8LJ@H0A@3
46L84900<6084:<@<@0?L$000@80@0L@0<B@60>8M070E4J<0H8@382068<@@0=0D
0B0=@N@<H9H3878=4KHG0=DA0AH3440<0@0C0<4F<CD3<68=HJ0H@JD=0N8@H9@34
6H:DK@JHKDK@E<H@G@58DHK4B06L=DK8CH7DDHHD;HK@GD8L98346<94A0@010088
88@B@34748@L8?8ND8D14HH94C06H<D=<F4AHJ8FH2H@H5DFHK02@78<4M0J@KDB<
701LB854MH4DG0<@<LE@:L141DH@H@K83L:D0<64<8L8=8;05D:D>D9<A8K@1<8HM
LK0O@>458EL0LC4500D44D8@04@64=08880@4<0D<EHC<>0E8G8?0L08@:D:DID:D
ED58@L8LND>D442<FD50<@2@642<E@2D242<1<FL:4BD04D<4HM0H07@E8:0D0>D@
DN4@0?L$000@806@:000084@3LDHJ0148<DLIH3@20=480H04@K<N@4D:H8<KHF@@
49<>HK8A<I<1@983074>@C@J@=4?<=H64=8<83<GDC4B<@H9HC86L=H3<D8<<LH64
IDD0@40<H@1D306@<@L8=86@?48<DH1@C<58=HM<?HGLM4A0A4N<GL?DJ<NHM@645
DF4GHMHB4:8HH9@284840@8@020248@181DB4G0KHD@MD4D304L<4K8B@EDHD7898
K<;830FHK0L840D0@4C0>0=4H00H1H206H>8K@I0147838A0680<4LE0=<206H78F
@OH<8K00@44ODKD0@>L78G014BL0H=8EH043@6H<H@8AH0HA0H@B0141D1D08OH04
$000@H8F02404D8@4082040O460@D9H3078>DLH@0900<084HK4DH5LF438N8DH1D
;@F8J<;H;@<H:0H8I0D4L<D@9HK<><A<<42<K<M0IDC@6@>@J8G@>4K<203D6<AL=
4@HID>H=@L0B0A414F8DLI43<68<DK0:@>4;<NLO<9D8L9@C@OLMDC<FH<LAL=4A4
ND>DALB@68<HB82004240@@@104864<8<8ID94K8;H@8>428DH9DK4;8E@D<F@ED@
<AL0H=0H8E4GL3<6L=H@8B0OH<0@8G8OH<4<<G@C8J4CL9DE@68E@BHC8G84D84MH
0DD<><?0=03<F4408@J@HL@@4H0@:@1L6H=8C8143<5DL4;@9D68<888:09D6844D
@<HH07L$000@80@0M@B4:8HH9@284840@8@02064@@@H10201D2@DHDD3HO8<8<H9
DKHB054H<HH94C06H<D=<GL9HF4>DDHJ0148<DLIH3@20=480H04@K<B8C41D?4J<
0H5HK4=45L5H6<50<4L@J0>4:8DLMDG4HDB0A4=DN@<H9H3878=4KHG0=DA0AHC4H
L6@4<<H7<6H=@K@H0A4E<<44D1@C<G84D8<AHIH38A4A4N<G470EHA8K<=8KDGDFL
C<A4=LGL5<K83H6DDH4DJHFDD@=8C8L00@=DJDI@@@9<6D68D<C8306DH4:D6D6LH
4;8FD;03<4<E0HDLH=8E4:42<9<@8E@BHC82<2<9@E<144H9@=8EL5<C4E08D44D8
1@5<64843<98I@H@H8?80@DDJ@H014O00L$000@80K0E0044<0LA00H1880@0L@@<
BD60=@M8B@04448L8L1@2060>4?DC8G@44:<@H9D2D6L=4M0I@04B42HDDK4B06L=
DK8G@>4A<=<F42L>LMLB4:8HH9@284840@8@020644DHH1@B4G0;H?D:4@8>428DH
=DM4B8;8HLK078:<M0@@D4:<>LGL@4A094FH4D6<KL4<>0I4IH;01L80144<@LAHB
<78=DIL1D4LFHILC<G4@D:HK8MD;D50I@K@4@6<=@FH<<@<@H1DC<D0E418C0N0E0
B0M82D2<7DD@N@282<6HKDJ@E@ML0894HH9@:@KDI0E@IH?8A4442<>@>@4D4D0H9
DM0J87<<@JDA<8D>00@JDK@A@=8<0<8ID1H<HN@6HL@A42<DL60E42@0@=064?D04
OL$000@80@0B@0<B@6L><J8J094N<HH1DA06@78<H@0@004<88HID>H=@I@G0>40<
8@0<@DF@0@105<<4K0J@540<88AHAH3840<8;H:8ALC0?H9DKHB054H<DHA8K<E8C
<?<5864N4ID@HG@=4J<NHM0645DNHL8MH7D:8I8C094880@8@202048D@H@C04428
JLE<5L98609HH8F@5D:D:8M<30;<<L18CD60>@M8MH>LC@GLI4I@NL10;@F86<JH0
<:0H8I0D4L<D@9HK<><B<A4MDA<:LBDIDE0980H9D:@:D6L50@H9@K0J@;<EL900D
44D85HE<H0A@G8<@K@A014HHM8B814JHM8HHM82L2498I0D0@42<@@D44@E8E804O
L$000@80@0N@D4I43<68<DK07014J<DH1@1054408@A000J480D4N@OD60@D9H307
8>DLH@0900<084HK4DH5LF438N8DH1D;@F8J<;H;@<H:0H8I0D4L<D@9HK<><I<A4
MDN<<H9H3878=4KHG0=D@0AHC48L6@L<0H1H206H<@I0E0A4E<<44D1@C<G8DD9@A
HAHC0707LA<F<E8G0EDOH;DA8J8?@ELFD7D;89@9<E@3<?<D@B@64B<@@10A0D00D
K<B04L9HC@I@H@38C@6@5L30M0540H9HG0>@:D><;DJLB<9@:@;D6L4H<HGDH@H@N
H0H0<KD94A4242<3HCD@<385DH8DH38C<MDK0A0642<9<E4<08H1<6084ADKH<HH8
98=L60>8K00@8<KD08OH04$000@A0@0100888H@B@30688@@0=0D0000@907HN@HD
I@C8G@44:<@HADB<60=DI8@0B0;8HLK078:<M0@@D4:<<L1HA06@40<8B8=DI4I@@
HG@=40<BLM@F@2LBL34B@60>8M070E4J<NHK@<0<8O<G@C4B<@H9HC86L=H3<D0<<
LHED<HK0=@HL0HA@346<>46DE@@@<4:<FLB@I4J4:4F<I@I0E@LL6808J<8L2@G<:
@>4;<DDG<OH6868:4A<MHGHFH0LA@=4A4>D<HALB@68<HB8;844:H<8H@@@EH8864
OH@HB@88<8<8FDA0D02@C4MDJ@I0>42<=<?8:HE8M83@1HFDJLJL9@=0E8DLA49DJ
0:HAD9@G0:@2<6<E8B4>42<;@:D:<2<E@:D1<3<BDK4H004D80H1H3@6@EL14O00L
$000@80@0L@@<BD60=@M8B@04448LHL1@206480H0O@J08044J4E<I43<68<DK0:@
>4B<@HIH3@20=45L402<DDH0B06L=DK8G@>4A<=<F42L>LMLB4:8HH9@284840@8@
02064<@@H90;@E<GH50447414J<FHJ@90ED:<=@CD54>@H8J0E4G<0L>4GH4H6<KL
3<>0I4IH;0OL84144<@LAHB<78=DILID4HFHILC<G4@D98K8=D3DN<:HA0346DK<E
4@4L<8H9@;@9D=0E034E4408@J@H@2@F@JD8@2<5H6DK4A@C8<@L0@@8D=L64D4E4
4L487444D0DLF@ED@D<41<6HG8A<143<5D8L?L6L>0J@0@3LODL40@;LOD0<OH04$
000@8080144<@LAHB<78=D80D@0424L<0HA00H1880@0L@0<B@6L><J8J094N<HH=
D8<>@I@00040<H@A@387080J@G0648<4HEH8HB<6L<@I8F0E4L8FHMHLH;H4DLH:D
64ID@HG@=4J<NHM@645DNHL8MH7D:8I8C094880@8@202048A0K@20A4=<JD2L4D2
@4L<4K8B@EDOD7894K<;830FHK0<8:<M0@@D4:<>L5LL8O@9LDHG0@LL0B8CDF43H
4DN@:L2<5HKDK4;@>L6H=@L@0@3DKD8DEDH0D0EHGL3064<4JD001@C<40D@@4C8L
0EH84K0M0@4LH38E084<<4HM0=040A0B@C4<0E<84H07L$000@80@000044DA@3@7
89HM8F@04B40H8@1@38403850G@D<3@D0G@C4B<@H9HC86L=H3<D8<<0H103040<H
K0=@DL8H1D3060>46DC8G@44:<@H9D2DFL>D6LNL586480<8C<1D?4J<DHMDK4<<;
8M@HDKD?<D@B@64B<@@10A040408@:0C44428JLE85L98509HH8F@54;<O<>DB8FH
FD60=@F4HDDHJ0148<DLMH;HH@O4CL9@>41LH44D7<<<7D98M0ML4HC@G8D<642<;
<H<=8E4E4;<28L@M0E00448LH0LC07HH8D4O8G8B0A4;82@48A894288<4H0@B@1<
6HA8A0A4FD6DD868<HK@H@B85D5<<<DHM03@1HNDJL@<9@M0E85<4H;0E<9<@H9@;
0JD;DG@840LHH8DC4842<=8603LN01L$000@80@0I@<418CD60>@M8I@04B40H0@1
@201D2@=8I<CHGHH@=8I0C<6H>0I49H?<I4>L1LB@60>8M070E4J<NHK@<@I@H@6H
?86<4L1DCD6@=LK@6H8@<L0<5<I@1@C<MDJ@B0840<4LEH8HB<6L<@I8F0E4L8FHM
HNLC<AHC070OLK<6L=DIL3HJ<28M<M<3H54<DI@4@440848101024:4<HI@20A4M<
9DK8;H@8>428DH9DK4;8E@D<F@ED@D<4A<5D1H0838D014DL0H<8L0E0148838B01
4MH38H@C83@:D0<68<@@8B00H<8@8G<0H=@H8E404306D>8@8B00H<08894@<@0?L
$000@80@0L@H<2@78<4M0J@C40<481D1030403850L@4H?DA4JDB06L=DL0B8CDNH
B8ML3H50<4L@J0>4:8DLMDG4I4G0A4=DN@<H9H3878=4KHG0=DA0AHC4HL6@H<<H7
<6@>8L@F0A4E<J4L@1DC468=@E8G0EDO<ODDH4<4HIHOLNH9DK<F<HLF@H@O8G88L
98346<94A0@01008888@2@34748@L8?8B<FHBL<0C@@@=4:<FH2HM<50=D=<<4K0<
8A<@<@00H>0H8E8@4346<84900<70H4;D0<74L4J@00AHC<;0<<@8@<0H=H@8G80H
<H<8MDALE804C0;0;01<1H38F0142D1D08OH04$000@8@@0=0D0000@907H9@D42<
@H9HCD7440J8@0@094FHM49<E@@HG@=40<BLM@F@2LBL34B@60>8M070E4J<NHK@<
HH@H@6H?86<4L1DCD6@=LK@6H8@HLI@<<C8<4F<3D386L=0J0H@JD=0N8@H9@346H
:DK@JHOD?HJ<242<LL?LO<DHMDK4<<;8<8?DKD4<DDA@C44@8@800@044448A8A@C
8;0><B8FHBL<0C@@@=4:<FH2HM<50=D=<<4K0@8AD0H<@<8MDALE0043<6HF418F4
;8E8M8BH2@7478=0JH@<1<C0@D?L5H6D<D2DD<9@1<306H848L=4:8<8H0@@@0J88
48LH4F0:4:<1DC@5<500H9H302@0@>8;DG4E0A4JL7D30E0=<98A@C0<0EDEHC4;0
HH8@:4NL<@:8D<8H9D:@>DJDA@C8?LH@50F<48@H1@B0;0L4H@E83LN01L$000@80
H000J4800410B0?@30N8DH9DC<6L=H>45DNHL8MH7D:8I8C094880@8@202048DHH
@@04428JLE<5L<HJHL@1DC468=@C@@@=4:<FH2HM<30;<<L18CD60>@M8I@04B42H
LL=L68N<7D08BLM@A@ND00B@60>8M070E4J<NHK@<HK@H@6H?86<4L1DCDF@K<5@A
DAHC4HL6@D<<H7<6@=0L@B0A4E<<44D1@C<G84D8<AHAH3840<8;HF85L8HC42D64
M<4D4HEHDH=D:@HD=DBDML0@3D6444E8GHC@D0ED?8E@EH24:@8L0<LLE8B<B42<:
D>D6484902D:H84C@48<HH8E4AH346H=@@8DH78B8@8FD7804OL$000@J8@0C0840
<8@0<0D4080N804I8C<74=4M0D@?4L<0H8@383D6<80H0G@3<1H206@<HH0C0A4E<
<44D1@C<78<D80I0J4240<8@9@;@CL4H=LI0B@<4:<HD=DNDID7DNL0HH4H@6D3<N
8DH9DK<D<HDF@K0A<G<NL9054<<4H1424208480A090B88<4@EH:D;LB@:0C@@@=4
;<?8D@JH54FHIH2@78<4M0J@KDLL70;LB<C4ML1DG0<@<LE@OLD0@@B48<HL94CDF
HLL6HD<4HC@E8B0842<=<>H60:<@D:DJ0:H8DA@C@>0E4D8<H7<6@<@H@G014C8E8
B018I@E0F8CHF4:03@J@:@@42<78E80@O@0<$000@80@0N@<418CD60>@M8I@04B4
0H0@1@201D2@981L20?DA4JDB06L=DL0B8CDNHB8ML3H50<4L@J0>4:8DLMDG4IDE
0A4=DN@<H9H3878=4KHG0=DA0AHC4HL6@@<0H1H206@<8I@A0A4E<<44D1@C<78<D
80I0J4K4;0=@CL4H=LI0B@<4:<HD=DNDMLJHC<<<K@=<ILFD7D;89@9<E@5<?<D@B
@64B<@@10A040408@;0H44428JLC86@E<@@L84@9@K<J84<FD9HF4>D84802D6@L4
:@0D1@3<7084:<2D94H4;<2D6<<4:D0D9@5@74@<C858=@@8FH58<@H8E0A83474=
0<8=<88;HBD@0?L$000@80@0K00<D8@4H8>HA4@<B@68<HB82004240@@@105<6H8
@L8;8NDHDI@C8G@44:<@HADB<60=DI8JH?HCD<8M<9@D42<@H9HCD7440J8@0@094
FH4D6<3<N8DH1D;@F86<JH?L:0H8I0D4L<D@9HK<><C<>42<K<M0IDC@6@>@J8G@>
4K<203D6<AL=48HID>H<HL0G0B42<:LH<98306H>D9<@H3@3D6D80H@G@<@;LA@68
5<<8I0O@A<<8D<58=HE<?@4LM0A0A4><DH;DJDNH40645DL4:0KD2@C@D0ED78C<F
0E85H4HFH4H=0E83HF@549D4HJHF@50E8H<74M4KDC0A4E878C8:H341@2L6DN4?8
0L0D:DJ40@=D:D<<F80LO@0<$000@80@0@0N8<H9H3878=4KHG004B48HHL1@2060
80I@F0K4=H;LIH2H3850=@703LE@@@<4:<DL1@107478=0JH@<1<3068=8LH:8:<:
H64I8F@@0<42<:LE@I43<68<DK0:@>4;<24><AL480H90=@988<KHF@=4?<K0C02H
?<>4NL3H54<DI@4@440848101024:8=@A0H@FDM8A<28A8B<60=D9<B8J@78HDJHC
4884L1@CDG8O<3@LL=<68N<GD04BLM@A@ND3LB@60>8M070E4J<NHK@<HH@H@6H8H
:@AHA@C<D0D<E<5068=08880;L=4;<1<H<2H>@6@A0FD7LD80H=8K0D0148838B01
4M838B0B42<:H1DH0H@:85<70=0004HI0=420N01L$000@80@0I@<41LA00H18NDC
@0<B@60>8M070E4J<0H8@382068>0<83<GDC4B<@H9HC86L=H3<D8<<0H103040<H
K0=@<L0HADC4K0389DKHB054H<DHA8K<G8C<?<BDC0:LHD6@3<N8DH9DK<F<HLF@H
@O8G88L98346<94A0@01008888@B@30708@L8?8ND8D14HH94C06H<D=<F4AHJ8FH
2H@H5DFHK02@78<4M0J@KDB<701LB854MH4DG0<@<L706@>02<9H1DI@G0:42<@@6
@<02<K@6D<02<:H1DH@B0148838D014MH38H@F878D80H<@J0I0148838B014<838
0@O@0<$000@38500004:81L?<8028ML3H50<4L@J0>4:8DL1DA06@40<@J0H@6H?8
6<4L1DCD6@=LK@6H8@HL1@206080I@F0K4IHA@3070=@L8=86@?48<DH1@C<58=HM
<=HMH:D<8;H2DJ<=@I0C<6H=DIL3HJ<28M<M<3H54<DI@4@440848101024:4<8H0
20A4M<JD2L4D304L<4K8B@EDHD7898K<;830FHK0<8:<M0@@D4:<>L9LL87@90DHG
0BLL0B8CDL4J0H09@;06DA0EL141838H014MHO8B<14DLOH<0K0H@38282@N@<L2<
J@ND2L2<=<?<6@ODI4I0B4L<4HEH@HJD:8:DFLD@I0GD<0>@1HALG8IL3<DD408@J
@BL@@4H0@J@ALEH=8H07L$000@<0@0=0D0000@907DN@4D:H8<KHF@@49<>HK89<G
H?<D0@@B48<HL94CD6H40J8@0G0A4MDN<<H9H3878=4KHG0=D@0AH34405<H@1@C<
MDI0I064@<4HEH@HBD60=@M8B@04448L8L1D20647LH0N@24J<ELI43<68<DK0:@>
4;<>D><9LFD5H<@D82HKD=D=D1L2HJ<28M<H@3H54<DI@4@44084810102494<@A0
H@FD4H1D58D47414J<FHL@90ED:<=@CD54>@H8J0E4G<8L>4GH@HB@28<8<8>DALE
0103@74<8H8D8A4C0J0J@2D:D50M058=D=<<4K0@8AHOH=8H8DD7L3870JL?L5LM0
M05LA0:@B0JL40BHHD:4M0>01DK@F0A4:D5030=040189D70ND1LO00L$000@H8F@
540<88181024=4I0B@14H<8H0@A00H1880@0L@H<2@78<4M0J@C40<481D10C0<@C
<GHH@=8I0C<6H>0I49H?<>4C484144<@LAHB<78=DILED4HFHILC<74=4M0D@?4L<
FH0478<H3HJ41@3<7080I0G0048<4HEH8HB<FLDD@09D2DFL>DGLIL>@H@H@O4KH?
H=4?<NHC0BH;07LNL9054<<4H142420841<@D5068F4<H4@=D5HD4700D6<KDHDG0
14BLOH=8EH7L3<6@>8@8AHOHA0K00@>LODK4@@ADN4K<5DH0<0<8=<@8@8OH=0@8G
8OH=0H8E4G<C89L848LNL604<7@L03L$000@I8@0B008888@3868<DH8F02404D8@
4082040O460@D9H3078>DLH@0900<084HK4DH5LF438N8DH1D;@F8J<;H;@<H:0H8
I0D4L<D@9HK<><F<A4MDN<<H9H3878=4KHG0=D@0AHC48L6@D<<H7<68=8J@H@@@K
0<<FDJ@J@5D14>85L20N<B8K0;H9DKH2H1<6H:DK@:HK<;@DLA0:@>0FLF@7D?89@
9<E@C<?<D@B@64B<@@10A0D00D082<C4;07DB84HBLB0C@@@=4=<JD@<ADC8<HH8D
D4H3<70:L2<A@C<20:@B<9@E0E8=450=0E<54@H9@G0:@2D><J<J4F0842<:D:D68
ED=870:@;@;L6<D4E4C84H6@84;<FDF0:4@8I@E00H8H9@10E42HN01L$000@LH@0
90D<8<0HA03440<0@0=0D0000@907H1@?4J<DHID3<FLG02H?<>4NL3H54<DI@4@4
408481010249D<@A0H@FDM8A<C46D?48<DH1@3<4L<4K8B@EDOD78HDJHC4884L1@
CDG8O<3HLL=<68N<GD04BLM@A@ND3LB@60>8M070E4J<2HCLO<?DKHI@948<4LMDF
H5H:@<<AH346HK<B464<<0H9H;@1D5<<4K0J@5D<D>8>@J@00248<<H7DHDG@1@9@
?@E8FH9<2DFL:D38FDJLBD9@J@D820:4@H2DC8<0ED9@G@0H242@:8F<GH<@I0I0:
42<:D4464<4:86D88><A0E0<858@@544H4H:@:D14C<388<6468=8I00@9D6DH0@@
8L@DJ0DLD<C050G80DO@0<$000@J8J094N<HH1DA06@78<H@0@004<88H1D3@40<@
I0@0B40<8@0<0D4080N8H498306H>DI8@0B0D<8<0HA0C0ND288<4HEH:LB<6L<@I
8F0E4L8FHK8LHCH88I@:<H@6@3<N8DH9DK<D<HHF@K0A<G<NL9054<<4H14242084
80A0B0888<4@EH:D;LB@:0C@@@=4;<;8D@JH54FHIH2@78<4M0J@KDLL70;LB<C4M
L1DG0<@<LE@OLD0@@B48<HL94CDFHLLAHJD0<B@6L><>4=8G4G4;8<8L0F0A4E8:H
0@CD@8@438@H7@>4L88@4H7@58@DGHCH<8H8DDDLC8MD2H606H<HD8M8E4LH?4H4B
@4<M0J04H9@G80L6DK8H@486<@8C8=@8H9D64F44H<L6DID1@E@@D9<FD<LAH:820
48E8F81818E80HO@0<$000@80@0M0J<80<4C<?830N8DH1D3@B0H@=H5LO4MH@428
8H1H3D4L>DK8@0900<884HFHILC<74=4M0D@?4L<FH0478<H@0@004<8@HID>H<@H
0E0>42<:LH<98306H>DI8@0B0?<@4C0JD;4=L60>4IDC8G@44:<@H9D2DFL:D64JL
94482DK@6D=DAL3LJ<28M<M83H54<DI@4@440848101024:H<8A0H@FD4HID5H447
414J<FH:@94ED:<=@CD54>@H8J0E4G<0L>4GH@HB@E8<8H8DDE8C8:4JD1@C8E0E8
E8?4;H60LD10@LK8<888:<9D:884;<9D74L4:8J<1DC@E<544H:HMHE@<H0@CD@8@
438@H7@>4L82@4HBD@800=DL0@@AD8HM<5<8H1HC<K0C8E@5<C41D@8343014786@
60><?D0<OH04$000@2@@000I4@L7H1DI4;4B<6L<@I8F0>428DH9D3420:880A020
0428J<=818CD60>@M8I@04B40H0@9@F85DC4K4B06L=DL0B8CDNHL868@<288H1H3
D4L>DK8CH3<9H=@CL6L><J8J094N<HH=D0<>@I@7@D8346HK<A4B48<8H9D;@1D5<
<4K0J@5D<D>8>@H@H@O4;4C@:DHD=DNDML:8B@LH?<EDMDJ4<8;8<8KDK04<DDA@C
44@8@800@5DK0<0<81DA@:<44N@ND682<6HKDJ@E@EL3070>0I00@9DKD9@A414AL
?H<4DHD<C0:0:D4DJHHHA0>@@@4<8H9H:@6DJ@=@B0I@?8AHEH<0H8D@MHG8B8A4;
82@48I8F0682<G8I8@@5@HDH@C014BL88<@EHB03<6D=@D858:@ND1D@<I804OL$0
00@>@I000640<0@1@201D2@@000I4@L44=LK8F@?4L<2HJL<85LMHKH4<DDA@C44@
8@800@0444D8941@B4G0:H?D64F<4H=LI0B@<4L<4@9@C<F8FD;LDLK078:<M0@@D
4:<<L1HA0F@70;LB<C4ML1DG0<@<LE@OLD0@@B48<HL94CDFHLL2H8<4HFHJ4C<74
=4M0D@KD;H=4>@HH4@6<<8FH2<L<LH:<9@1D5<<4K0J@5D34>8JL9L9@G@?HMDG05
8=HE<>DNL88;06D6<H4;8FD;07D48E0HD0HIH08I8HH9DE@I4;45D6<ED:H?0J@;<
1L68:418888@9D8<84C<08=@H8DDDHC8M<IH8HADC<20:@6<:884A0E0A454K0E83
4N01L$000@H8I0D4L<D@9H3<20=480J000J4800410B0?@@0N8<H9H3878=4KHG0=
D@0AH3440<0@0C0<4F<CD306H<8<8=<6@?48<DH1@C<58=HM<=HMH:D<8;H2DJ<=@
I0C<6H=DIL3HJ<<85LMHKH4<DDA@C44@8@800@0444@8901@B4G0:H?D:488>428D
H9DK4K8ELB<F@ED@D<4A<5D6H@D9H3078>DNL48IHOL<@A8?<105HK434M<24E0:@
NL@D50C@O8E<>44<4HO0M0=L4HG0M<ML4H;@O8E<@4><ODHDH0147HO8E<14M8O8E
<143<H<EL7<386DF46DH480>L:48438L404OL$000@M070E4J<0H8@382064<8@0=
0D0000@907H80?46<4L1DCD6@=LK@6H8@HL1@206080I@F0@4F<;H<HL@B0A4E<J4
L@1DC468=@E8G0EDG<G4:LED5HC0G0<H8<KHF@=4?<NHC02H?<>4NL3H54<DI@4@4
40848101024:4<HA0H@FDM8A<28A8B<60=DI8JH?HCDD@=D5D1@;<=@F454>@H8J0
E4G<2L>4OH4L:<K@8<>0I4IH;0AL80144<BLND:L2<5HODJ4A@OH<@L@0@3DOD0DB
4282<K@6D802<6H78=@4L@H1@3@6H848L0<:@H4;D?L6L<4JDCDA@C4G038:H9<9D
KDB8408L8LID0H?L@0M44<3@E8EL1<C4E08D44D8C0D@:0:05@6@B@10O00L$000@
80@00064L@9D3<70403850O@M@H<;HN8KD0<4DA@3@789HM8F@04B40H8@1@C0K08
H=LLHD@D4B<LHADK<@HM0C004F8846<=@FH2<4<@H9D=@1D5<<4K0J@540<88MH0D
<8;H28K<E<I43<68<DK0:@>4;<=D><CD@89@B@@8G<DHMDJ4<<;8<8;DKD4<DDA@C
44@8@800@044448I41@B4G0:H?D:488>828DH=DE4B4;8DLK078:<M0@@D4:<>L1L
L8?@9D<H1HGLE8<@I0@@:<:D60>8K@@@8D>L64D4E4E<506D44D0E<F@ED@D<41<7
8O8C<14E<OH<HJ00@3LODKD0@>LOD<<IDADDHGL3@6L<8@8ALMH>888:HNL@0?L$0
00@M0J@C40<481D10304038500004:81L?DA4JDB06L=DL0B8CDNHB8ML3H50<4L@
J0>4:8DLMDG4I4E0A4=DN@<H9H3878=4KHG0=DA0AHC4HL6@H<<H7<74<0L0H@BD=
0N8@H9@346H:DK@JHND7HJ<242<LL?<O<DDMDG4<<;8<8ODK@4<DDA@C44@8@800@
04444898A@3048>4GD94G<9<609HH8F@54;<A<>DB@FHFD60=@F4HDDHJ0141<>DO
DK4@@:4?L70=0<82D141HO8C<14MHO8G<14D<OH=HL0B01488O8E<14MHO8HLD870
D8OH<8L@0@44ODKD@@E@OH04OL$000@M0J@C40<481D10304038500004:81L?DA4
JDB06L=DL0B8CDNHB8ML3H50<4L@J0>4:8DLMDG4I4I0A4=DN@<H9H3878=4KHG0=
DA0AHC4HL6@H<<H7<6H=8K0H@BD=0N8@H9@346H:DK@JHND7HJ<242<LL?<O<DDMD
G4<<;8<8ODK@4<DDA@C44@8@800@04444898A@3@48>4GD94G<9<609HH8F@54;<A
<>DB@FHFD60=@F4HDDHJ0141<>4ODIDH@K83L9D?L6D>8I@0@3LODI4A014MHO8A<
14DLOHN4A80@0LODID0@>DODI4@@B<N4=0J0G0A45<<4FDJ@J@5D14>8>@J0E@7L2
L60<@J@I@DDDHE@<8B@=4042<?@<0C4B@C890I80HO@0<$000@80@0B@8<B<6L<@I
8F0>428DH9D3420:880A02004D8@488K814H@2@78<4M0J@C40<481D10C0<@C<GH
H@=8I0C<6H>0I49H?<>4C484144<@LAHB<78=DIL9D8H9@=@D<6L><J8J094N<HH=
D8<>@I@7@DH346D>0@0D004@<4HEH@@BD60=@M8BH6874783<;<OLJD04H<8D9DC@
2LHD3H:DK@:HND5HJ<242<KL?@FLF@7D>H9@9<E@C<?<D@B@64B<@@10A0D00DK4B
@C4;07DB84H0L746DIDF014C<C8K<C4842<5<><:H:<IDE0NL8LA@685<<8I000A4
ED1418=8E<14K8=8G<14D<K8<@K@H014IH=8G<14K8=8B<14BLK8=0L03@L8J@8@:
D;<I@E024N01L$000@2@@000I4@L4H=LI0B@<4:<HD9D3878><80D@J4240<0@1@2
01DI4<H8<KHF@=4N<HH5DEHHD;HK@GD8L98346<94A0@0100888@@BD3848>4EDO8
<8LH1HHD94C06H<D=<GL9HF4>DDHJ0148<DLMH7HHLO4C8I@?@=LH04D7<<<OD0L4
DA@3@789HM8F@7DFL346<F4ADKHI@5DF@J8=HML88F4@42D<H0H1D3@40<8J@B0A4
5<<44D1@C<G8DD9@MH78A4A4M<1<0H=89018KH=8D014D<38>0L@0@9L2DK@0@=D2
DJ@@@:40D68=@@8DH18E@@8EL1804OL$000@M070E4J<0H8@382064>8@0=0D0000
@907H80?46<4L1DCD6@=LK@6H8@HL1@206080I@E0K4IH9@;@045<<4K0J@540<88
AHAHC06DA8M<J<L@1DC468=@E8G0EDAHG4<LKD40C0G0<H8<KHF@=4?<C@C02H?<>
4NL3H54<DI@4@440848101024:8=HA0H@FDM8A<28A8B<60=D9<ALJ@78HDJHC488
4L1@CDG8O<3@LL=<C8G4A@<D0<8D9H386L>@DHB@D4;<J0G0746<:LI82<5H30@8L
H9DC864<D=DCD3440<<=4L@4<BLG<F8<H18C@F0FD0L4DI@C46888L@E@HD?4D0=4
L<L@G@8D=@=@1L=0?4N<6HO@400<0H9@=H=@JL?<684@ADC@64>DJ8J0>D;L>HF<>
DAHL@?0FLDD>LA@?0;48468K@I@H0@<0LAL1H349H<HL@@0842<4<JL284D:LM0DH
4HFH=<1DBH6L7478=02H006L;@K0B0:4DH8D1@C<7<@D0HI03H345HJLCHA<3868=
<G<3DC4:42D1D2L70=8KH9L<H6D6H1LDLHL1DG0:4:<4L6<=<6<5D:<@@@HID2H<0
L0G@IDA@346<LD28><B4JL1<I@:@9@1<306L5<00I0B090A@685<<HH0B@1<I@N@B
@6<J4N<F<@@C8>D?4=@IH9@M4K44@346LE4@D2430D8A@C4F8?D=HH<H8A0:81@G@
F8947<4@>4<<LH=D30KLJ4NHH4B@EL3H<0J05@N0=HK0H@J0HD2@6@=LMH707D:45
@H434?4L<@H5H0LAHLD444H<4H@B83@A400ILC4<<@8I0942<@H5D3H94J8M0ADB<
;8H@H@>0?L1LBD7@>0I8L8247420@@ID3<G46HIDADC0?D7024L05@L03L$000@80
@0N@D4I43<68<DK0@0=0D0:0>H40NHB8ML3H4L<4K8B@04440D@@A040>8J8@@<44
<28JL=89838GD1D980<D88DA@C8G06H:@N8H09D3<C0G04H8<KHF0?44<NL5H64=@
K@A0K4@L2<J<E@5LELM4M098K8>8L0LH5@5DA4>484B<60=HM8BH>H?@>@84M8J0?
4C<G0N45D<<48F8O0:8:8I8I0?4K<D0F8O0=8:<M0D@<4A<3014B468=@I8L8A<A<
8<<D:<F@OHK8B@>48<<LEHF@4LC@B@H@ID3@78>8M8DH6LE8<DD0@@B48<HL=4?D3
L6<8H;H:0KH:H84383D6<NL9@A@386H>0@0I004H<4H@8=LD424B49@J@A0=@J0E@
703<6D>848HD6<L@9D3<G0N0HD@02<3<8<3878=4KHG0<DLLJ4A034LLID4@5<;01
4H<DH9H3420>8>@H@H@A4JD8@:HHD=DADHL@DK0JH?<D4MD24H8@08L:8I8C09488
0@8@202048<0<8N0BDK87L=@28@H9HCDG470>H@DA0K414>D48C4=D8HIHFH>8J0H
@:@0@4<F<1D?4L8H@I4A@C<J0684@2@=0A04H>L0DO@0<$000@80@00004LDID3@2
0=4>@I@00040<8@A@306H>0@0I084@<0HA00H18MLO<D45LAL@HG@=40<BL>HK49<
IL<L2H8H1H3D4L>DK8:H<<ID<<G8:H:83878=4KHG0LD?0<@H@=@1<HL9D9@0D5<<
4K0J@540<88AHAHC0FL4LG86@?48<DH1@C<58=H=<7@=HH@FHKH1<=DALB0=0A0N4
=8ALB@68<HB82004240@@@A0449LC@70C4@48<4@K4C@;8F@<L18CD60>@M83H6L3
46<8@1@242<0H8<J@;@:H70>0@0D0>42<<<8L6HL@ID3<ID8L>@<<;L2<ED4@0@N@
444D8H9D>@3D78204L<4K8BH6HE4>DADE4A4DHLD3H4H<4H@JH=H5894D494J@0H1
40DK@E0>42<:D046HH49@046HH48<046<44DL@0C4N0H02838641<@H3<6424<4M4
60I@0D9HC0J@;H1L68D4DL<HH07L$000@@HH@2004D8@4082040NDJ0BL;06D?48<
DH1@3<4L<4K8B@04440D@@909@AD54>@H8J0E46<0L8@382060I44H9@H8A0EDKD:
@3868B<E09D:<3<N8DH1D;@K8<D5LC41DB@60>8M070E4J<NHH@<H<8G8G@C4B<@H
9HC86L=H3<DDF<J4LD4D0HA@3<6D80K0F0B4B<E@<04D1@C<G84D88MHMD=0G0D0?
494A@DL=DD<58=HE<<DEHN<B<A4=LGLFLK83H6DJ420L<OD3H54<DI@4@440848M0
2HE8143H58B814742DHD@@848D6D3<4@4<0LIHFH<@K@8@:<>4?DI0@0040<4@3LJ
4:D2H2<=858B8280<4L=0E0G4H888AL68L4:42DAH3<7080K@E0442<:D9D74L4:@
N4D88H5<14140DB89@1D>D0DB8D02<58:02<0<4<:4D0101@3840=@NH0<OH04$00
0@806@:00008D@3HE@@@<4:<DL1@107478<8@0@094>H=4N8@H9@346H:DK@D@D46
<0L8@;8?@E<44=LK8F@?4L<BH=@F0BL?@NL9054<<4H1424208480A0B0248<4@K4
E05LF4C8884L1@CDG8HLA<A<DDID2L78>0M0I054H8DH9@K<L@4D4D8H1H5L6064K
4JLBL346H<4IH48<DB8LHI<K0:88LFH10D<F@>44<4L5DEH5<NDOLFH@<9<G<<8=@
0D4DA@3@789HM8BHL4C8A<A4M4N8<H9H3878=46L;H383D6<80J@00B40<0LIH>H<
H<808<LO46L9@0HI@HHN<245@D@G@JHJ44DMDI0C@@@=4;<78D@JH6DDH4HE8>060
144<FH>H:<G4H8B8G@1D?D6DHDB0B40<0LA03<70B4:D:D2<8H2DCL7L;8945050<
04H?0E0=LAD9@60:43LAH3<7080J0G0:42<:D>D64L4D@<0M0E85L4H;H@4@0?L$0
00@2@@000E4@L4H=LI0B@<4L<4@9@C<6840D@@02044088@8<K8=018CD60>@M8I@
04B40H0@9@F814B<60<8=<6LBDD@I04@=8NDLDJ4B06L=DL0J85H?<I4=@D0@@B48
<HL94CDFH4L2H2<J<LDIDC@6@>@J8G@>4K<503D6<80J@00B40<0L1H206@<8I04@
1<;014H<DH=H94B<D<F<<470<0H000I48LD8GLMD:DHD=D:DMH303D64>4EDNL:@K
<<<4H38<87@KL4<DDA@C44@8@800@KD7864<0<8>@985D1D942DBD@DD0C8<HH8D0
M8N82HD<0H1D3@40<HL0G0A4DH5HC4A<284<:8C@78M<8<4HJ@J@J8<@4H=0E0D@=
80<K@@8A<;8=@EHBH386084:45D64848@5D><M0C@4DL<0@0<NDK@F0G4?8>04888
<LE8;HH07L$000@80@0N@D4I43<68<DK0:@>4B<@HIH3@20=4>@I000K40<0<8@0<
@DJ81<H@B06L=DK8G@>49<6HK09<GH?<D@B@64B<@@10A040408@6@B444B8=@J@B
L;07<6H4L<4K8B@EDN<G8HDJ@C0884L1@CDG8O<282L3@B<60<8=<6LBDE8@0C08<
LL=@E488N4DH1HCDB@8@EH6@KH;D0<BL>HHDG008983074>@C@J@=4?<6@7464;DK
HI@5D@@J8=HKD@8<<LHL4HDF0B4F<5D3@6H642DE@@@<4:<FL?0I4J4242<LL?4C@
E8F4ED44D0D8449LC@70C4:42<;DLD=0K8@@A044>0H8<@A0C<ND><4<@L9@B06<0
@9@J064;<9@30I@:HF<846@6L3<9D:@F<KL1@<H74LL4<G8>45LA8:H2808HHB<88
2<K8I01D245DJD@@@L?4<@EH4D3<6D64=01D0D:H0@O@0<$000@80@000F40L8@0<
@D=LLD40DDA@C44@8@800@044448981@B4<@D<GHH@E8I43<68<DK07014J<DH=@C
DJLAD1@6L6<N0L0H4D<8<@HB<3474<0J0H@<@60@D9H3078>DLH@0900<084HK4@@
9430F46DC@=@E@:0B4942@DL>41D?4J<0H5HMDA8>41DB@60>8M070E4J<NHJ@=8<
8G8G@C4B<@H9HC86L=H3<DD<<LHH4L@F0@40<@@1D3074I4@8>H:82DFL>DG4>L>@
H@H@?4O4D0K8CH6<J4200HEDB8IH0D2LEDB8H81424ED<81@A8JL981@3070K<C8>
42<:<H498306H>DA<B<;@G@2HD4EDF8449LC@70A4642<;D@4=0G8@HA044<HH8<@
A@3464=0@0F0440<4LI0348<0H9@90C0GLDLID2L78>0M0I054H8DH9@;<@D2H;H>
42@;L7L<HK0@@74A<B@8LC85L<<9<2DK448A8J8HHADC@F@G0EH:0B4405@N8H<04
8<0H103<645D@@@0?L$000@80@0N@H498306H>DI8@0B0D<<<0H10345H<@@0@0O4
D4@488=40DD8I43<68<DK0:@>4B<@HIH3@20=4:<20KL=HI0C<6H=DKHG04D3<M@4
DKL7D:8I8C094880@8@202048@HJ020946HM8A<ALIL94C0FH<D9@=8KD<8=89@D4
2<@H9HKD?DA81<AH9430F4FDC<988<<828FD=4M8?<1@5HMDA8N420B@60>8M070E
4J<NHH@<8<8G8G@C4;<50DDKDMH64:41D2074>0L000>4D<HH9DF840E<FL<46DED
;<?0J@;@1L64J4988880=D:8>0@8@HK8D@E@@DCHM8<HL@@@84ODLD5D@H1@306@8
0L0F0:42<9D0464<4:464FH6D0@:@202<0H2DD8M8DLID2L78>0M0I054H8DH9@;<
9<5@@H1D5L6064K4JLBL346H<4IH48<DB8LHI<K0:88LFH10D<F@>44<4L5DEH5<;
090H48H9HJ0B<H89D?0DD10O00L$000@2@@000E4@L6H;LM0H0D44<DL10C<68=D8
00@044488981@3<;H<8A000J4B0=@<L@H9DC06<><80D@04042<JL4DIDBL64=LK@
B004442LDDAD3<74=4>4;DO8N8=0I0C<6H>0=4BLGD<@5H:0H8I0D4L<D@=H34EHG
4C4C05H=LLHD@D4B<FHO@6L98<LD<=H@0A004H<0H1H206@=0I04@5<;014H<DH9H
K4>8?LO<O8K@@L301L6D?48<DH1@C<58=HE<<4EHF<B<A4=LGLDLK83H6<J420L<O
43H54<DI@4@4438ED1DC4A4J46@FDF8H@LL4@9@K<684@FD=H646DDHJ0148<DL5H
@8J8C0@@24;<G<E46@D@5@54=HE0E0504L1@=85H=L70>8J000<4@<8H9D6@2DHD@
@8DCDK0JH20J0;HA@C8M0K88LJD5D0854I40@<L:8HH:05H;H?H6L=8L0M@I<A49H
886D84@L@@E@L8F@1@=42858F82H:<5<A4K<E8@0:<NHA43<78:<KHJ@B46<DHM@K
87D1878<DL@I@DD:D04OL$000@80@0K00<D8@4H8>HO420<H1@A06@40<0L8;<6@1
4><0H@@3@2064N4;DD0D0146<DLM@?DF4JDI0D@C48<LLADB4C050E4C0A4A4C0=8
<<<4988D4H:85868:4:<B4A4C098;L;HJ<J4B06L=DL0J8@830OD80144<@LAHB<7
8=D1L3H2<24B@6L><J8J094N<HH=DD<>@I@00:4F<8468>8L000844<8H9DF8@8BD
60=@M8MH3<CD9DH<04F<9@N<B4M0JLL@1DC468=@E8G0EDC8G4DL242<JL?8=LFD7
D=8D844BH?LD@B@64B<@@10A040408@90F44428J4C@28BLB<60=DI<C0J@G8HDJ@
C0884L1@CD78><N4F8<8288H=@MDDH>8@DD0942@@LA0C8>8H8D0LHN82@4<8HIHF
H=@K@H@:@<@6D<<>D18=DMD1D?4L8H@949@>@:DD8M4340@A@600<<H;<6L<@@8D4
24I<5DM030<84H@86404OL$000@M0D@?4L<0H8@383D6<80H00024<<8H1@3840=H
J0E004D8@4082040ND<04D1@C<78<D80I0J424N<NH8@BL4H=LI0B@<4:<HD9D387
8><IL34K<=8I0C<6H=DALB0=0F0BL?@NL9054<<4H1424208480A05@>L48I48H?D
A4JD2@78<4M0J@7D;H;@5@=DGHJ0@48<8L9H246H<DK84H5L546<G@H@H@L@;H7L<
HK0@@74A<B@8LC85L<<9<2DK448A8J8HHADC@F@G0EHJ@NLK<1D5HMDA8F42<B@60
>8M070E4;<8H=<5H4LDHI<C<74=464N8G<04F<ED3468642DH490?H8<CH70>4480
<4L4@D@1408@HF014CH@HG014DH@HI0B4F<3D3<6L84J4106H84HL106<<4<82L30
60=02H?@741DA004OL$000@80@0N@H498306H>DI8@0B0D<4<0H1030403850B@4H
40C8G@44:<@H9D2D6L=4M0I@04B42HKL=8I0C<6H=DKHG04D3<M@4DKL7D:8I8C09
4880@8@202048<8I020946HM89<E@DHJ0148<DLMHN4L8<8=4N<@D1H3@78>8A8F0
54J<6H?48DB4L44D4H4HNLO864H<4HI@;4D@7@J8?@34;<E8I02H:4B@6H=HL@D@H
D>DDDGHKL=H>0=4:LA@CDD0@@B48<HL94KD68;8><7464;DKHI@948<4LMD@H9<D<
<<LHI4HDD0@4F<ED3<68642DH490?H8<CH70>448D<4H4@D@14?D8<2HD8MDK00@8
L4<J00@3D4<L0@@HL106DM<L<HH1@C440<L0@C0<0I8>464<8L@=@=<4HI@C@1LO0
0L$000@KHB054H<DHA8C<6@>@LH@090D<4<0H10304038500004:81L8<KHF@=4N<
HH5DK4<05LO4MHB4:8HH9@284840@8@02064L@A42<4L68<HA04@C<ND4D:H:<M0@
@D4:<NLG0I4C0=4NL0<@09<G<<848@<288H1H3D4L>DK8CH1<9H9@BL6L><A<:<K8
KD;05@<HCH;@A@306LM<8L0H1HC8<@0D5<<4K0J@540<885HKH789D44=D10C0D0<
<FHC@60C4ED<H;<6H=H<858@8B4K4ID0H6884HL206<<460H@ID@8=<0H1H3@40=0
J0H@K0B41D;4;L643<0D2<2HL<JHCL9@?@?<50303<0HL<787H4L<4K8BH44E4>DA
<E4A4DHH43H4H<4H@JH=H581D549<8H1008A@8D0<<H;<6<H4ALF404OL$000@CH7
0>4>88<0@A00H1880@0J@8<;L<86D@D9H3078>DLH@0900<084HMD9LG<1D?4J<0H
5HMDF8BLI@1L983074>@C@J@=4?<5H7464;DKHI@948<4LID3<FLADJ864N<L@<8I
@@0K42H1DC@C018:HH8F0E4:<0H@@3@3D64I4J0?<C8G@44:<@H9D2DFL6DGH<LN4
EDNL88K<4<4@38<8G@K84<DDA@C44@8@800@0444<8M08HH014G88HC0>42<1@ADB
02<:@AD204<<L;<70=0@8D424I<74M038283@K44@@H9@606D0@9HH07L$000@>0I
@00<48<8H1H201D2@@000E40L5<<4K0J@540<88AHAH3040<0B8;DC8G@44:<@H9D
2D6L=4M0I@04B42HKL=8I0C<6H=DKHG04D3<M@4DKL7D:8I8C094880@8@202048@
H7@>4L84@8H1DB4<@F<GHH@=818CD60>@M83H6L346<MD?H00>0=4:L9@<@:0H8I0
D4L<D@9HK<><HD;000I8C<G4HD54MD=H5@2H6<9L5H8LIH>H>0J00@8D4<K00@:<4
<L0H014C88HG014FHM@84L<4H5038044LK0F8HL9@>06@889H6H48L03L$000@80@
0M@M4J<80<4FH749@D42<@H9HCD7440J8@0@004B8C<J8=H8<KHF@@49<G<M@DDLL
3H50<4L@J0>4:8DLMDG4L@H@>@?46<4L1DCD6@=LK@6H98HLI@B<I<B4F<CD346L6
40DE@@@<4:<DL1@107478<8B8@4NL6@?48<DH1@C<58=H=<?0ELL8;<ML@4FHDL9L
6@H@?0F@8L98346<94A0@0100888H@B04L9HC@I0@044B8=@1H188HC014AL44<8I
0B0;46@>0L@E014>8HHI01414J<NLF@O4880L1H3D748DK0B@=4C<E@@@MH6LEL70
JDJLCL346H<4IH4H2LC@G05H=4GHA@5D>D<@A<607HN48HG4B4B<2HJL2D1@D@804
<0L1D206L=0@8CD2@>088:L1868@41H54I@A0840<8@1DC0:0B048L03L$000@J8J
0C40<48ADAH3040<0@0=0D0000@907D1@?4J<DHID3<FL<@@<GDL@G<8L98346<94
A0@0100888@@1@B4<@CLGHH@=818CD60>@M83H5D5HB86H;LM0H0D44<DL10C<68=
DB<BDB@3070G@H@H@<@;L;L<HK0@@74A<B@94C85L<<9<2D3420>8:4K8G0B4B<2H
JLBDO8?LG<H4DD;D64>H@8288H1H3D4L>DI<>0IDIDI0A4=4N<<H9H3878=46L;H3
83D6<9L5L0H1@306@80J0I0:4B<E@<04D1@C<78<DI<44;H549DKHB054H<DHA8;<
A09820DL8D109400@H2LC0404<84K4;@944<DLI@;@M49DK0MDMH;D:4HD0DLL=DF
@886<N80<440<4H5HE@74<DIH=85L3@40<HI0G@CD9DA@E09<3@C<6L>DL@L8=DC8
:0A<0L;4?@2LFL1<KL2LG0J46L9H7L?01<F@60<<M0G@EDNHCH305H<0H@E0<48<4
HK45@5LK43@A4C8L4FDK8I@;0CDI0C8;8IDLH:HB<;4CL1DD4;4KLEDJ00@4L6<I0
5@>@64J48<JLA@FDKH:<0<4LM4:DH07L$000@80@0C0:<LHI@3@20=4>@J000@40<
@@A@3<6H80H@=@0L8H1D201D2@6H:01L<<KHF0?4:<8L=H7D@0@0946HG4B<8H9HC
45L=4I0L8G<G0?48<FH64>0800@044408@H90F81DCH5L<HH8A@D4N<FHK8?<<8G0
@004@<8H9HF8:L;HF86L=DJ<BLHL14BH>HK49<<H0<LLEDK8>8@L@4D0642<LL:4A
@LD=D>D:@A<HDD0141DE<LD@@HD=86@<8K0G01418BHC<G4LD<@48;<GDF8<HJ@K@
B@LD30@@?018@H1<3@64<HL@E0642<K4M8>LD<444<4H94H<B060=4=LE4E094=8C
HC88@LHJHE<1498G@3H;<K0A0:42<B<6@KH@@G0MH2064@41@B0E0@@K4M0@84D4H
F834D4IL1D68>0L0G0A49HO@50KD<46L44L03L$000@J8M0D004F8<LLH@L304038
500004:81L><I8C@C40<68ED3<24H<0H1@207080J@4@C<AD?4H<LH9D3DG4ND0D0
84HK4L@9H3874<DGHD@44A<MLL8LH1DK4HHH004240@@@103048I46H?0GHC0146<
@HIHK<=8ML@4L408HLA@C43LI4=H?464KD=HH@D0440<@L9DK8ED5LAL2<7HMDF8B
LI@1DIH;<FD><J4B4G4DL643H4L9D684<<LK8I4B0A4=0JHF8141DJ<L@@@HL6@64
=8K@I014@<=4>8H@F0<4H<HH9D=0C4HHLH3HC8:40<4@8HO4<8KHED;LL@=8<8=@9
HC028H<K860C848HH9D>@><<8284D5D9HF@@DA0:D=<DH4H5884I0C@I0=H28I@1L
3HH@1H1HBHG0G4EL=8I0@@@4AL<H28E@1D7D9<H@H014>8JHA014O00L$000@80I@
E004480HA00H1880@0J@H<C@68<LLH@090D<8<0H103@40=@I@4@O<A@?4H<LH9D3
DG41DED9D9@FD7<=4L@B@O4B8@HM@=D<0B8;DK@G@44K<307040@8@02024L<@H90
F81LCH5L<HH8A@D4N<FH=8L@L8?@B42LF49D;L3H4L90K8<D5LC41DC@FL>420ID3
D;@6<6@<@L87@905DK8B03470:45D181D=<L00@6D9<L@A@4D=HH8<014C8I0BH0@
48O0>L2LBH@4386H80<850BD;88D<HG028IDE830HLH<=4:4>0L<LL5DK8:<@<4H1
@>0480H9@:@OH@HA8:D=8@8C<:D<HMH6<C4MD<<0@B8L@E<3074A4GH@0?L$000@8
0A@?4H<LH9D3D7440J8@0@004D8@4082040ND>04LADC@68;LJ8B0HD>L>4N<@H=@
<<L0@0100888@@A@3048I47H?0GHC0146<@HIHK<E8M@@4L408@L1@3<60>0K@4@G
<LD@DDL;<;L3HHL@LF@I<;H686L70=LLHBH2H3D6@80H@C0K40DD8<HADH@4@?<ID
54><6HID<@@0H004<8@H9DF85LJ@9@14AL34<8?HB014@L34F4KDD4<4HHBLF45L5
0C4<44HG85464?H4@ED9DF@@D@H8D=8MHF<C8MDID8@F@=09LAHC@:0FH909DF0F<
M0D@@D2<0H?HH8A4M41<6DA<H00@6L=<K@K@;L6<>8H8<01DC8305HH@;02<N01L$
000@2@@000E4@L7<=4L@B@O4B8@H1@A06@40<0@0=090G<G0?48<FH64>0800@044
408@H90F81DCH5L<HH8A@D4N<8H1HI0CHC0<@C<G@A0=DO8N87044J85H?<I4=@L0
G@C4;<BH>@J0E@FDC<<L8<<<0HA0C4<@EL74<DIHDHC41D20683<<HF<H@JH0D1HC
@MDFH4HL<4H;4<<I@3<6H=LM8BHMD482<@<4HK42D8H2<L@0@6L2<L0K@;L6<>0L8
D82@2<2HKHFLF4A46468FD58HHN4L0IH5<68FL<@3<64>43H4@5D888<4H10;40<@
HA<3@6L=@K@D0A4<49DJ8J850KDD4<40HC4?<?4O<D824ALI@201L9H:@:<<88@14
D<54>0@83<ILI@A@D<<0H8H06<6LL4LL;4H07L$000@I0@0900<080HA00H1880@0
J@@<C<6L<@I8?@@40<4810102468<0A04@O<L0O4<84HI@3078=LL@@0M@@4L4480
L1H3<6<<0H@4@G<LD@DDL;<;L3HKD944<DL5@MDF8BLI@1DIHC<G4DD8D0L1D2068
=8>H@4E0642<LLGD74<DIHDH?4L<5<440H9@9@D<64=LK0G@E44<2L=LNL0@N44D5
D5@LH@@H4B@M0JH@HC88D=HCH9D1DC860;0D@4H4H=0E0;44<8H9D>0F<10IH?D:H
D<0HA0C4A02HMDC4>42<I82HH414>H2HED543860>4:4:8A<6HI@4HHHL@B0F<A09
@:0F<I0I@246L>030KD486@>088JLD8@0?L$000@8@H02004D8@4082040ND@0LLA
<C460<<M0G@B40<F84L@H1<3068<8I0H0946HI<1<9<F<GH7@G8B<8H9H;4K8<D5L
C434C@6L><80D@J4840<H@A@3440<0@0E0<4N<54J4=<9HC4F<K89@<H@DG0K4KD0
<D<4HK4=DI@3<6H=LM8BHEDF@G05@2<IHBL6@<@N4;DK@G@44K<307040@8@02024
0<4L1@DH8D6H041@2L74=0J0O@10746<:HL@74D<C4F460H<;4M0<<O888IDK8>0>
04<78=L8<I@C8KD6D:D4<4H5H98A@6D64?D@424=<J@C@N8<@I@8@LHKL98G0A498
3864643H@@B<8@=H@8C<:D=@@0A@40D8;<4@0H1@C4:0@H9<6<>42H0DO@0<$000@
GHC0146<@HIH3<7440?<<8@0=0D0000@907DL@8D=@J<BL8L>LJ8I0549<G<M@4DF
<@4N<<H1HA06@78=0@0C0<4F<1<@@A@C4G050LHB@74C<<H6880L0=@:@9DF8ILC0
6L=@KHJ@5D9L=480H04@C<4H@@5L=4I0L8G<G0?48<FH64>0800@044448HH1@B4<
@3LG@D0<<J4<8;41@<8L@H@?4:45@;8CLBD20><E<JHCL1@386<44=@5DC0J0F4B@
1<3060=0H@4@O@181D2<L@K@@HC<2DID@@3<108@9H9@;LF0F<68F@E@84F<I@2H?
<:@KHA@4D=HI0@@6814I40@7<=<1HJL=0@82<;@@L@H8D04OL$000@L@@0M@A404D
8@4082040><M0I<D<7<=4L@B@DD;DNHJ8><1LC@6L><80D@J4840<0@1DC4<L0<0<
@@9@F8JDC@68<LJ<I<LH9D<8H0E@IL1L6H:<H0@H9DF8HHC06L=@KHJ@5D7<=494?
L=8<0;LJ8B0GD1<9@F8A<C<6L<@3<0<0L8@202048>0A04@K<L0O4<84HI@3078=L
<<3L305H>0I@C0O4B4M@BH2LK<1D0H1HC8@@KLD4<8N8EDB42<LL:064?<?D6HF8M
@J@00@40<8@AHC<40<@;H9@C8702<L@H0;42H>888ID0@6<ALD@4HIHF<J@O83<A<
<H@<M<A<0HAHC8E04HD0141D6<L@@@@LC<<8L@@0A49438I<IDDD5<8L9@M0C4?0O
<KD8@6@><F0H08H9H60684D78BL881D?8JDK@486<>8H8<024386064ADE4:D649D
<4F@109@705@18O00L$000@38500004:81L?4GHC0146<@HIH3<7440?<<8@0L@6H
?D?4>@4LADC@F8F@I<;H?8MH@4N<<H1HA06@78=0@0D0:40<H@I@6H=@@0@094NHC
8:<LH=@C8I400@4F<B864?DHHG@<4N<DH=H?498A<5<CH20GHD@44A<MLL8LH1DK4
HHH004240@@@103048I46H?0243D1H=4=<K@7@3<C8G030HDB8@D?8L440<<<HG<1
DG804N<:DA@C@A0:HA<A4I4308HI<HDG0A4=H7D305H>0I@C0O424K4F@M40HH<4H
M4?LE0C0GDI0I@E0A4I@AD8D=84H586L88KHC@D0H43D6<=<004L68BL6H588LID7
<JDE004N<BD1@C480AL14<<5D3874249D30307@B@0@54301@O00L$000@80@0N@4
4IL2L6<<4HHJ0?44<0L<@9L1@201D2@=8B<GH7@G8B<8H9H;4K8<D5L7DNLH0?46<
0L8@383D6@80J0I00488<HAL9@68MLCH74<DIH=8N<8HK@E0?4G<3060<HB8KDHHG
@<4N<DH=H74900<084HK46@L4?@948<2HKLHDID3<F8AD@40<48101024608@B8=D
N048K828I8:HE8;4<H=<580H9@8@5<I4A@64D4=@1DC460;0H<0D1@386D?<J4EDA
@=L1H2DM<2L2D3870>43H4L?454<LDD6L9@8H9H606854;0N0J0I@3HC8A02HB8G4
6D<8087<JHA0347HI<A4=@IDO43@J<2LO@<044L03L$000@2@@000C48<CL@H68G8
B<8H9H34B07@K<9<IL7D>0KHI@04B48H0L1D206D<@@0M@A4K43H9@F8JLC@68<LF
D;4I@3H306D80L0=@4L4LK4=DI@3<6H=LM8I0ED?L;@BH14LL9<38F8O05H=HKHB0
=D1@3@208480A0A0@48<4@K40LIL2L6<<4HHJ0?4;<BD7D64I46H?424K<88H<:86
<FL:@ADC0A0BHB8=49<<<388<ID5860H4IHD87D6@=8L8D8D@2HH4K4:0<0HLC8KD
B<5858=4@HAL=HJ@@@68G4JD0@6LA<J@1@G4I4@@@<K@>888C4CL840H=H08OH04$
000@80@0J@0<C@6L><80D@J4840<8@1D3<40<@FH:40<0@1@201D2@>8EL74<DIHD
H?4L<<8NHH0H@6@38N<@HIDC<78>83<A@E<>H4LADC@68;LJ8B0HD>L>4N<@H=@<<
L0@01008888@1@3@48I47H?0GHC0146<@HIHK<E8M@A494FHI4A<K0DH5LAL2<4@M
DF8BLI@BH;8LDLH:HC4242<J4E8NDK450C@@D30IHFH=H88K4I8B0F4201@2L74=0
J0O@1074M<IDE@50C<I0G@G8DD<@@8B0DDFL@LA@3460=H<82@AD6D4<FH7<6@I@@
06<H@B<2<C@A00L4HG0249DIH70I84H5H98=8J45D@<2<A@E@L4088H1D3@7064A@
A8F468GH74;@JH0LO@0<$000@80@0O@00LLID3@20=4>@J000:44<0L10C47D6D80
H000J480D43<?LC0:<LH=@C86L5H0H10C@C07H<<KHF0?4:<8L=H8<>4HDMHD@B4:
<LH9<38F8O05H=HKHB0=D1@3@208480A0@044B8=@@<LLA<C460<<M0G@EDNHCHC0
<@C<G@A0=DO8M8;06H94K@I@D46<DD1@3D78=4K@MH=H=DF4BLBH=8:8@L=D0<C8J
H9L34G4F@4DJ4O@NH?<?@NLI44@;<:H2H3@58?4L048>@F428@H9DKDDHI4;D6D64
LD90N@C868FH7HI8;8BHADC4O4B<I0DL5LALA@J@>46<LH9034FL60?42<2<H<BD6
0>H74F038605<1L4H9H08:<N8F@=4;<=0I0I4?<3H5D64C4:@>4B<@H5HN<70A8F8
?<CHI@34B<@H1DC<FLMDG@KDL@A0KH@4=8HHF404J87HE@HH68002<LL9HJD<818H
@@0M4:H64<@L85<9@94D<2L=<<4M85LD4644@D87LA0@@D42<NH70<8J@A@DD;L:H
H8I@L<?@<4:<JH?8@0M4N<3DB4D8G8N88H1H;430H@0@FD@8IHH08@=L=@NL60:D3
878=41<<D7@2HIH=D=4K@G8M<EH4DK8:87L:8G<J@6@F<K<HD=01@848D9H3D78=0
E0@@24H<2H;49L88KHG@<4:<0@1L3@G4@4HL30O0J<4@I@C@FD702LJ810C0G@74B
<<H9@J0KDB@8L5L78G8C<5<LHK8IDH8><68>4=068@@IDC<64=<@DM064?8<@LD0@
0DO@0<$000@80A0H0@<2L?<2004D8@4082040ND004D1@3D78<DL@G004242@M8<D
@HF0;46<0L=8KD2494<<0L8@382060I48H9@KHC@946<HHA0C@68>4M8B@>46<4H1
L107478<8K00024F<3H<8@0B0L4D80H1D3<6<>8B@=4644<HH1@206@;@I0D0K4G8
<L6@80I@>0?4D<346LCLH4H004D8@HI<>H3<:H6<F<C<LLB4L<<HJ<:<8D<H38I4G
0844<DH6HG8;4346L<HL0F0K41@3474B<KLAD3070=HCH?06<<HG82<I@78LDIHHL
E@A4:LC0C@BD@40<8HIHD@0HF<<@L4E@K@N<A<E4?4G89@1DC4J@@<JD<D4<DL@HI
<LHM4E<<<K4;@94L<@HI@C<7<94K@C0?45<0DNHJ888:0KHI@948<4LID3<6L40J8
M0K@I@0D?86D:L<H04B00<8HIDF8@<F<GLJ8=@BHILF8GD0H1<EH3@643<;L=@M<B
D70L8H8E@40><M0CH7098009LLHA@94H<@H=D0<HHG@@4:<NH809LG4FL88H@D@OD
EHG@B48<LH90K4O0GLH4BD4@8<4HK4K87@2DH@9D306H?4N@B@B4A<;0@0A8C@78>
@J0:0144<@H9D;4H@=H9DM8F05D<@C8B@D45<?4J4K@?86@64?H8H>4:<I@28B4N<
686@I4388HM8G034I<=HB<74IDI0D0>4B<M@4HL@1D;4ID14@L1D3<40=@IHED?0>
D8024A8E0HHHH70E4J<NH=@=@A8<@=H9H=@68=HMH4H386<J4=8BHJ<O8E8:46<8D
=0K01@7LL08@E<44N<C8DD3<FHC8:4;DI@0HDLI0I@F06D=8L0D4HL@HL0>@986<<
0D8DL:@6<8D>0H8BL>89@4H4<0H9HG0A808OH04$000@80K@00040<@@1@3874K<=
LA<8HAD3440<8J0M@=<D0000@I03@D010>4:8DL1DA06@78=@@0H0C44870>0DHA0
ADC0IDA8>40<4L;8J4=8ELCL3464CD:8AD386@J4A<H@@0C4586D6D54C<60@@2L4
<<HE8L0>@;870<0H8:48DLH:D=0I0@0M4586D=HH8:0<D<HE8J@>@;86H>8J0@@D4
=80<<0G81HIHA<2H64C4E06D=8H8;<H<4HG@6D=H48JLM0E<C<40=HH8F0I46<4LI
D3@E<=DJD546<:L?8MDDDM430?4:<8L9HC868>8M4CLM0?@EL78=HI030B4:<4H1H
I0O8A8040<0H9@F@9H:DK@D@D4;<=4=4M<C<M@6DDD1D3@FHC@1<9H=@FHK@3864K
<5D@L4@A@K@9D744<2<;DE@BH5078:<HH2HE4F8NLHDD@B@H@1DKD@HH0@4A8B818
2@6@<4LHB@E4K88D2H;LAL94386L<DAHI0140<0L5D;8EL40<@M@@@>46<FHJ4=0E
DC@G@44;<<H@8L8;8:0ED386L><J8B@5D<<9LL0J094N<HH5DA<2484KH7D:DB81@
7D6DC4G03H:<M02H;@>@E0D@=4;<24>85<H80D1@C030;<DLK<3<G0<@F<C8G0LH=
4;@1L<DL0D874:DC<84?4;<N0E<NH>4@894L@3@3H50J<283L9DB<60?0L4A0:D?8
D<LH2<D@=H649@F<G4B8F<;834N01L$000@80@0I@D49L0<@DO0:4B044<4K@@@<4
B<<L9HC87440G4HD;H?8MHC4884LA@3@788HL@B@A40<881HA0C0A0?DE8G0948<F
L@HJ8@0@0A4=<NH0H5HLL:4<H8D9@H@JHC@ID9@9@EL7<<DI8H0D4B80L9H;4?@>8
9HM8F@24:<8H=HADJH<L>8E@=@9@5LE<1DD06<<D=@L4C47@64MH><N8@H9@;4H8A
@;0><3H:838GD10@448E4A4I0B0G4>444F8=8KHJ@B46<DH=@K410A8JDEL>HC43<
>DEL=LJ@JH0D60@8B@FD:<386L<<L@4H1L2L6D:4?8I48@1D8H4H5@H4I0@@4<30C
4600D:<<L9H34F81008GD<@>4?H4LJ@BHNH80I<;0C86L=H@48DI86428L<A4KD0H
34B4:42D94K<K@K8F8I<1438H@;D9D=4I<4H;09430N01L$000@80@0J@H<2@78=L
L030B4:<4H9H2D6L=4M0I@04B40HH@1@201D2@J8;H>LI8B@@48<4D1LC@F8NL@49
4NH>4:8DLADC068>8=<F@7HB<8<1@C0C0;H:H3<80<LI8C060=@B<8L9@9@;8=LM8
I034K<A0D0K0@@KHB08D=044DDA@;4F@5H:09<3@J@OD;0JHK8@@B4B<DLI8C@68<
@N4=HH@ND8LN0F<>H74:8HH=DGD@@5D90L@L8D8M8I<4<E0ND2@DH9D34G84L38CD
J8?H?<I4@@@HG@=40<LL=D:DG0D4A<L0>8IH38H4DDM46<@D=HG<FD402LE4:4246
L<@=LA<>4F0K<4@>46<8H=HI8G4E0A4B8F8;DA@6D6LC8D8A01@14L<4H1@C<7@><
J8I@HD?<AHA8B@409HI4JHC0<@@8H8B4<L;4><K<K0>DN40@1HCDF@0DK@;@F86D8
HID7D:DB81@7D5<C4G0CHJH2DBD6@=DI8L8>DEL0@I8AD;@H0@0A4N4N@OHG@>490
3<AD=4FD34B@6L=4K@J08D48<@48LLA0DL9@1<C03054NH6@14@<2LAH;0DD6L=87
H84M82H8<4<FDL@A@>470DDN@90L85D?@A8F@LH0<E4N41@9<>H<H>0A8D@>@IHDL
I@A8C0I0ID24847H5@H0F42LN01L$000@C@J@=44<DHA@C@54>@I8H0C40<481DA0
3060<0@0=0D0000@907H;0=D20CD54<<H8F054C<KH<@DLGHG@DH4<58>8H8G0C4<
<FHFHA@J@>46<@H9HC86L=H=4F4GD<@6H94K@9@?4:<8LIHK0I81408282<AHBD6L
=@M0@@74A<20@HB<6L<@24189454<<2HEDI<B<78>@J4D8DD=H@8;884I8=05D24=
L:4KDC0L@B8L8J<9LALD<=07DB@D8ND;018FLDD@HBH2074<DK@J0GD5<DH:H286L
>0A<9@B86H>0I8B014L<<H9@;4?@N<9D189L6L4<=4K@B0AD?4LHD8NDADF4:43<1
4?48<0L5DIHHD:@24:<9<H0C@6@>@J8K0MDI<A<E8:@F0L4H83H488<N464:H2LC<
F0?<2HH4=08<KHF@@4N<HH=D4@A0ID=L=894B08<HLA0C@68>480I0HD4D9<O<:@>
4;<M048=0G47HKHH0LD7@I8E@A0A4K0C8F<C4A4M4>DDL9@3470:@N8H08D>06L9@
603L34DH:<84=4;8M0JLJ@J0<8HD2H3DDL3DJ<2<6<:8M8G09D:@68I4:H:@<L50G
4DHK4H8D44HHHD4HDALM@5D>4H8B4<H1H3D74=4H@J@6DK08@201D3<6H<404OL$0
00@M0B@04B40H0@1@201D2@@000E40L58=0L@B@C4@<LH1D3<6840L@@0A094NH>4
N8@H=@3D0DHDBD48684@A@C<60=@N8I@946<2L441D5484C@B8ED64I40@@D4<1LG
41D=@9@346L>@CHH0D4B<LH=DI<<@E<GDL@G<DL98B8D4<L4D2<JL<<18CD60>8M0
:094J<DHM@6HHD8@C89H=LL0>84<2L60<0<87@GD7L=L;@1L<DL0:@C4:<@H5@KHN
<K81@I8C<F@4DJ<BH@0A4J@7@748L44<D;8H0E0A4=<JH4@1@;H70<8BDKHE0O40@
E4;<1@J<=@EHL@A@>4;0;LA@4@KHH8DL90=<IHA0C@68>4N4M@94>HE8L84H1D;D0
@GH:@DD><7H<D:HH@8@=HIH;4IDH@>HG<:<FHI0:0I40<2L@4O@DLD@78=DH@B@B4
=<2<D<94I4=8@<M09@342<@H9D;430>@908L:@I8F@ED40>8H8J0E4;<O83D705DA
HJ4?4A8K8D0;<88HH9D?@D<48=HI048FH94L8<HA@;@G@B8CDE@0<HDG82DC0@@EL
@0?L$000@80@000844D9DC<68:<M0B@@4:<<D9H346840J8@0@004D8@4H8G<I864
IDD0G@94L<@HIHK@;<HD@0A4J@7@74@4B0K<D0685D<0J@H@6D=<280H5L3@F498=
LJ@?@@8J@D4N<6HIDLH989H64I4=H?DA4:DB044=LL0J094N<HHID;@F8KD;H;@H8
:D248H1H3D4<>8I8H@9DF0I0CDE8G094=<2<<<KD;HKL2DC8N<54F<484H>8><IH=
84HFHK<CDF88D@H983H70<D:448>4:8DLADC068>8=D<86@54;4=D20CD54<<H8F0
541<@<1HM4A0A8C@F00D;HC868=HM0J8E830GD:@9468N@2@<@B83D=DM@>0N4:HH
LO06<JHLD6H5H9<54HHDLN0J0407@>@1L1LCDH<88JLF0J0649@>@L<L@1DC4F8N0
609H38GD1008AL4@C45<=LL@I@D46<4@=@@D8LBD1@BD6L=@I85H7@<<D<>HA@9<L
<L<28A<A<=8=03DF4148<2LH40L:@J0I05D7H=03<8@2H9L;08@I<BHC<60=@N8I@
946<2L=LA8D0C0HHC0B@H41<?404OL$000@A@I0542<0L@@3@2064I8E@A0040<8@
0<0D4080N8<418CD6L>0J<E@A8C<6@>@LH@0900<<84HFHK<CD68<DL0:0I40<DLM
@CDF4O470E4J<8H9@34G4JD;<KLI4FD48F4KDE@6HA0IHB@64<4K04HCLC0<@DLGH
G@BHF4=@AHI0140<0L=D5D4D>4<<LHED2@K<9<6<C4@8LHID3DFLD@ML4DA<54=4K
8J@<42<@H9HC86L=HCHH0ID<D5H98HH@D<@34EH706L<<I8EH3L305H14ELJH9HC<
68;LLH=HL<O<I0G094K<@@24K<N@;8FD68;8H@B094K<A@84><BH=08<B<=0;<>HM
@CHD<4@A<A47HCD=43<346D=43L68<DI@@@44C<DHG01H><24784HM0C8@<040<4H
24L<;DMH48>D74J<4HAD;<2@DLH494<<8L9H;49HB8E0?D;<H8D80@6<I014J<0H=
HF@AHN<LHO4=<MDB<4@:8B06<0L9D3D6L>@@D3@A4N01<FHFH?0I4J0>4N<DH5DGH
@<;@9DCLM0<0HL5DND381@C<8@;DB4=<G828F8D4J<4H1@;HD@4H=0A<=<I4O0<8F
L=8L<A8345HA49H<LK0G@248<2DHD4D<8KHB054N<HD9DCD6H;LL0G@94L<@H5H08
0H@@E4;<A8GH78;@1@BHDLH4BL68=HH8A0HD442@;DJ@2@M8D@34?<8L886D<@J8I
@@4H<4H9@CH5L=LL0J08D9808=HB45L4L>8J8C@74:<8H5H7HK4186L@L5HFH6DJ4
I<IDK<I810;<20=<<<3@B4F494J<4H1D;D;@BLFL@D<HC468N<DD9DC46H=LL@L@:
D?L0<OH04$000@2@@000C4H<3@78<DH8B0I4N<FDEDF05D@0900<480HA0@HJ810A
HC@68<<J8I@94N<HH5DEHA<C46L>8HHB@O428<@M09D<0J84H?8I8I0?4N<4DADC<
6@>@GHA@ED5DF8G0:H>@J8F@EDMDH<@0?<7L68<DN0L8?8JL?HIDBLJD8<C0C<40<
028ADH8G014H<LH9<C078>@KHL8I8H4=DI8K@58EL@D5L<DE<L@I<3<F<2D6<FHO0
B@>4A<5<L4DH9HC<5L>0KHBH3<G81064I@145<CHC4A<E<GLL<M@@@24=<JL:L=4A
<50GDB47<CD=4;<?H74EDC030I<F4A4E4GHHDNDB0?4ALC8G01H6@N45HGL@D9D=@
:8=DH8L054<<@L=HJ@ALL@>LD8NL=D<@<808GLJ<3<70<4K0H8B0E<N@8H>0<@78I
41D@LI0D@5DL@I@84:<HL1D;D9HB@<0F074>8HHD8M44LI@C064>@>4<4A4I4;<=H
LHI@HDLDL@LHID2<7094JDLL4@=DI4I48<LDIDB06L=D=<2LCLL0=@:0LHM@6@:DD
H943478=0KHB0HDDD;@28IH?@ED3@G8DH;@F8:4KL=@CLOH0DO@0<$!365c3e9c