Territorialidade, politica e turismo: estudo de caso do pólo turístico Cabo Branco-PB

89:; <=>>?<@>AB?=CAC=DEF@B?<?GAE=E<H>?IJ@KE=I<HC@EC=EGAI@EC@EFLB@E

<H>MI<?G@EGAN@EN>AOG@PFNE

QRSTU;VWXU;YZ[\];YSW^;_Z;`[ab][RZ;cZRRSW;d]eSfgh_;

QRSTU;VWXU;i[aa[Zj;VZR[Z;_];V]Wkl[eZ;ma]nZj_R]fg8E ; >=IHJ@E;

mW;QSa[e[XZW;_];olR[W\S;bSaeZ_ZW;ZS;_]W]jbSab[\]jeS;_];e]RR[epR[SWq;XS\S;QpaSW; [j_leSR]W;_S;elR[W\Sq;rZjsZ;]WtZuS;_];_[WXlWWvS;jSW;wWeZ_SW;xRZW[a][RSW;XS\S; Zae]RjZe[bZ;_];_]W]jbSab[\]jeS;WpX[Sq;]XSjy\[XS;];Z\x[]jeZaU;z;wWeZ_S;_Z;QZRZ[xZq; _]jeRS;_]WeZ;t]RWt]Xe[bZq;_]W]jbSab];S;QRS{]eS;|;QpaS;olR}We[XS;~ZxS;cRZjXSq; ZWW]jeZ_S;jS;a[eSRZa;tZRZ[xZjSq;Wla;_S;\lj[X}t[S;_];YSvS;Q]WWSZq;tR]b]j_S;Z; [\taZjeZuvS;_];]kl[tZ\]jeSW;_];sSWt]_Zr]\q;X]jeRS;_];XSjb]ju]Wq;W]eSR]W; R]W[_]jX[Z[Wq;tZRkl]Wq;_]jeR];SleRSWU;wWe];]Wel_S;b[WZ;ZtR]W]jeZR;R]Ta]n]W;[j[X[Z[W; ZX]RXZ;_Z;[\taZjeZuvS;_S;QRS{]eS;TR]je];€;bZaSR[ZuvS;WpX[S|lRxZjZ|Z\x[]jeZa;_S; e]RR[epR[SU;m;\]eS_SaSr[Z;]\tR]rZ_Z;Z;T[\;_];W];ZaXZjuZR;S;Sx{]e[bS;tRStSWeS;TS[;_S; e[tS;klZa[eZe[bS;ZeRZb^W;_];t]Wkl[WZW;x[xa[SrR‚T[XZW;];]Wel_S;_]WXR[e[bS;_];XZWSq; ZeRZb^W;_];b[W[eZW;_];XZ\tS;Z;T[\;_];[_]je[T[XZR;ZW;Zu]W;{‚;R]Za[Z_ZW;_Z;[jWeZaZuvS; _S;QpaSU;~SjXal[|W];kl];]WW];jSbS;ZRRZj{S;e]RR[eSR[Za;elR}We[XS;tRStSWeS;tZRZ;Z;QZRZ[xZ; ^;b[‚b]a;jZ;\]_[_Z;]\;kl];R]SRrZj[Z;S;]WtZuS;WpX[S|lRxZjS;bZaSR[Zj_S;S;e]RR[epR[S; ];[jXR]\]jeZj_S;S;elR[W\S;jS;wWeZ_SU;

Fƒ„ƒ…†ƒ‡Pˆ‰ƒ…ŠKEQaZj]{Z\]jeS;elR}We[XS‹;zRrZj[ZuvS;e]RR[eSR[Za‹;olR[W\S;Œ\Sx[a[‚R[SU;

>=IHJ=OE

iZW;tSa}e[XZW;_];elR[W\S;_[R[r[_ZW;Za;_]WZRRSaaS;_];aSW;e]RR[eSR[SWq;XS\S;[j_lXeSR]W;_]; aSW;ŽŽ;‘’“”•–—˜Žq;rZjZ;]WtZX[S;]j;_[WXlW[Sj]W;]j;aSW;]WeZ_SW;xRZW[a]™SW;XS\S; ljZ;Zae]RjZe[bZ;_];_]WZRRSaaS;WSX[Zaq;]XSjp\[XS;š;Z\x[]jeZaU;wa;]WeZ_S;_];QZRZ}xZ;; sZX[Z;]WeZ;t]RWt]Xe[bZq;_]WZRRSaaZ;]a;tRSš]XeS;|;ŽŽ“›•–œ”—Ž“žŸ Ž“¡–Ÿ¢Žq;lx[XZ_S; ]j;aZ;XSWeZ;_]a;wWeZ_Sq;Za;WlR;_];aZ;X[l_Z_;_];YSvS;Q]WWSZq;kl];tR]b^;aZ; [\taZjeZX[pj;_];]kl[tZ\[]jeSW;sSe]a]RSWq;X]jeRS;_];XSjb]jX[Sj]Wq;SjZW; R]W[_]jX[Za]Wq;tZRkl]Wq;]jeR];SeRSWU;wWe];]Wel_[S;e[]j];XS\S;Sx{]e[bS;tR]W]jeZR;[_]ZW; [j[X[Za]W;ZX]RXZ;_];aZ;]{]XlX[pj;_]a;tRSš]XeS;];Wl;R]aZX[pj;XSj;aZ;R]Xlt]RZX[pj;WSX[Zaq; lRxZjZ;š;Z\x[]jeZa;_]a;_]We[jSU;iZ;\]eS_SaSr}Z;le[a[Z_Z;tZRZ;ZaXZjZR;]a;Sx{]e[bS;sZ; W[_S;XlZa[eZe[bZ;XSj;aZ;[jb]We[rZX[pj;x[xa[SrR‚T[XZ;š;]Wel_[S;_];XZWS;_]WXR[te[bSq;Z; eRZb^W;_];b[W[eZW;_];XZ\tS;tZRZ;[_]je[T[XZR;aZW;ZXX[Sj]W;šZ;]\tR]j_[_ZW;]j;aZ; [jWeZaZX[pj;_]a;ŽŽU;`];XSjXalš];kl];]We];jl]bS;ZRR]raS;e]RR[eSR[Za;tRStl]WeS;tZRZ;]a; elR[W\S;]j;QZRZ}xZ;]W;TZXe[xa];XS\S;aZ;R]SRrZj[ZX[pj;š;taZj[T[XZX[pj;WSX[S|lRxZjZ; Z_]\‚W;_];bZaSRZR;]a;XR]X[]je];elR[W\S;]j;]a;]WeZ_SU;

Fƒ„ƒ£†ƒ‡Pˆ„ƒ…ŠK;QaZj[T[XZX[pj;olR}We[XZ‹;zRrZj[ZX[pj;e]RR[eSR[Za‹;olR[W\S‹;olR[W\S; Œj\Sx[a[ZR[S;

fgh_{;QRST]WWSR;_S;ŒjWe[eleS;¤]_]RZa;_];`]Rr[t];¥Œ¤`¦U;c]a;]\;olR[W\S;¥§¤~¨¦U;V];]\;©]XlRWSW;}

dZelRZ[W;¥§¤~¨¦U;w|\Z[aª;{Z[\]Wxj«r\Z[aUXS\;

fg8_{;QRST]WWSRZ;_S;ŒjWe[eleS;¤]_]RZa;_];`]Rr[t]U;c]a;]\;olR[W\S;¥§dŒo¦U;V];]\;¬]W]jbSab[\]jeS;];}

V][S;m\x[]je];¥§¤`¦U;w|\Z[aª;a[aa[Zj­\]Wkl[eZ«sSe\Z[aUXS\; ®

89:; <=>?@ABCDEFGC>

HIJ;KLMNOIJ;PQIJ;I;MRSNJOI;TPQUIR;VWJMPXRW;YIOI;ROP;VPJ;PMNZNVPVWJ;XRW; OPNJ;YSWJYW;QI;[SPJNL\;PJJIYNPVP;];JRPJ;^WLW_PJ;Y`QNYPJ\;aPMSNObQNI;YRLMRSPL;W;P; UIJaNMPLNVPVW;VW;JWR;aIZIc;dWRJ;eJMPVIJ;aSIYRSPO;NQZWJMNS;QP;OWLUISNP;VW;JRP;NQfSPg WJMSRMRSP;aIS;OWNI;VP;WLP^ISPhiI;VW;jILNMNYPJ;VW;kRSNJOI\;PMSPZlJ;VP;aSWaPSPhiI;VW; aSITSPOPJ;W;WJMSPMlTNPJ;YPaP_WJ;VW;VWJWQZILZWS;I;JWMIS;MRSmJMNYI;W;SWISTPQN_PS;JWRJ; WJaPhIJ\;;

naINPVIJ;QI;VNJYRSJI;VP;YSNPhiI;VW;PLMWSQPMNZPJ;PI;VWJWQZILZNOWQMI;JoYNIg RS^PQI;NOaLPQMPO\;pRQMPOWQMW;P;WJJWJ;QIZIJ;YWQqSNIJ;VW;PMNZNVPVWJ;MRSmJMNYPJ;W;VW; LP_WS\;WJaPhIJ;VW;OISPVNP\;YWQMSI;VW;YIQZWQhrWJ\;aPSXRWJ\;VWQMSW;IRMSPJ\;TWSPQVI; QIZIJ;PSSPQpIJ;MWSSNMISNPNJ;TWSPVISWJ;VW;NOaPYMIJ;QP;JRP;WJMSRMRSP;JoYNIgWJaPYNPL;XRW; VWZWO;JWS;PQPLNJPVIJ;WO;JRPJ;ZWSMWQMWJ;g;PO^NWQMPL\;JIYNPL\;WYIQbONYI\;aILNMNYI\; YRLMRSPL\;NOI^NLNqSNIJc;;

HWJMP;aWSJaWYMNZP\;I;sIZWSQI;VI;eJMPVI;VP;jPSPm^P\;JI^;SWJaIQJP^NLNVPVW;VP; eOaSWJP;jPSPN^PQP;VW;kRSNJOI;dcnc\;WLP^ISP;I;jSIpWMI;t;joLI;kRSmJMNYI;uP^I; [SPQYI\;LIYPLN_PVI;QI;LNMISPL;aPSPN^PQI;I^pWMNZPQVI;aSIOIZWS;I;VWJWQZILZNOWQMI;VI; JWTOWQMI;MRSmJMNYI;QI;eJMPVIc;vRMSISP\;I;OWJOI;WSP;YIQUWYNVI;YIOI;jSIpWMI; uIOaLWwI;kRSmJMNYI;uIJMP;VI;dIL\;YIQYW^NVI;WO;xyzz\;ZNJPQVI;aSIaISYNIQPS; PLMWSQPMNZPJ;PI;VWJWQZILZNOWQMI;JIYNIWYIQbONYI;P;jPSPm^P\;PaSIZWNMPQVI;PJ; aIMWQYNPLNVPVWJ;VI;LNMISPL;JRL;VW;{IiI;jWJJIP\;OPNJ;aSWYNJPOWQMW;PJ;SWTNrWJ; LIYPLN_PVPJ;WQMSW;IJ;SNIJ;nSPMR;W;uRNqc;

|WYWQMWOWQMW\;I;}[n~n\;PMSPZlJ;VI;IfmYNI;Q998€y9y;VW;‚8;VW;PTIJMI;VW; ‚99y\;];dƒ„e~n;t;dRaWSNQMWQV`QYNP;eJMPVRPL;VW;nVONQNJMSPhiI;VI;~WNI;nO^NWQMW; VWYNVNR;JRJaWQVWS;I;WO^PSTI;PI;aSIpWMI;NQNYNPVI;WO;;xyyx\;aIS;QiI;I^JWSZPS;PJ; SWYIOWQVPhrWJ;VW;aSWJWSZPhiI;PO^NWQMPL;aPSP;ROP;I^SP;VW;MPL;aISMWc;nJJNO\;fIN; NQfISOPQVI;P;eOaSWJP;jPSPN^PQP;VW;kRSNJOI;dcnc\;XRW;P;OWJOP\;YROaSNR;MIVPJ;PJ; PhrWJ;SWfWSWQMWJ;P;|WYRaWSPhiI;VIJ;fLRwIJ;VIJ;SNIJ;{PYPSPal;W;nSPMR;W;WQYPONQUIR; I;|WLPMoSNI;VW;„WMPLUPOWQMI;VPJ;nMNZNVPVWJ;VW;|WYRaWSPhiI;nO^NWQMPL;…j|n„†\; WwNT`QYNPJ;aPSP;P;LN^WSPhiIc;

nJJNO\;WJMW;WJMRVI;ZNJP;PaSWJWQMPS;SWfLWwrWJ;NQNYNPNJ;PYWSYP;VP;NOaLPQMPhiI; VI;jSIpWMI;fSWQMW;];ZPLISN_PhiI;JoYNIgRS^PQPgPO^NWQMPL;VI;MWSSNMoSNIc;

898: ;<= >?@ABACADEF==

G:HIJKLKMKNOP:IHQRINPLP:P:SOH:LI:TI:PMUPVWPR:K:KXYIJOZK:ITJ[:LITUROJP:IH: \IVU]IR^:_``a^:TIVLK:LK:JOQK:bcPMOJPJOZP^:KVLI:SKRPH:TIMIUOKVPLPT:UKVUIQWdIT: JIeROUPT:PUIRUP:LK:KXYIJK:LI:ITJcLKf:

G:QITbcOTP:UKVJP:LI:LKOT:HKHIVJKTg::

_h:icVLPHIVJPWjK:JIeROUP^:XPTI:LI:UKVkIUOHIVJK:I:UKHQRIIVTjK:LK:KXYIJK: LI:ITJcLKf:lPRP:JPM^:cJOMOmPHKT:UKHK:QRKUILOHIVJKT:HIJKLKMeNOUKT: QITbcOTP:LKUcHIVJPM:IH:Z[ROPT^:LIVJRI:bcPOTg:

:

n: lITbcOTP:XOXMOKNR[SOUP:I:LI:OVSKRHPWdIT:UKVJOLPT:IH:XPVUKT:LI:LPLKT: KSOUOPOT:I:LI:RIUKVkIUOLP:UKVSOPXOMOLPLI^:UKHK:K:oVTJOJcJK:pRPTOMIORK:LI:qIKNRPSOP:I: rTJPJsTJOUP:topqrhu:vVOZIRTOLPLI:iILIRPM:LP:lPRPOXP:tvilphu:oVTJOJcRK:iILIRPM:LI: lPRPOXP:toilphu:rHQRITP:LI:GTTOTJwVUOP:xyUVOUP:I:rzJIVTjK:{cRPM:LP:lPRPsXP: tr|G{xr{}lph:I:KcJRKT:XPVUKT:LI:LPLKT:LI:IVJOLPLIT:NKZIRVPHIVJPOT^:VPT: ITSIRPT:HcVOUOQPM^:ITJPLcPM:I:SILIRPMu:

n: ~KMIJP:LI:KcJRKT:LPLKT:TIUcVL[ROKT^:P:QPRJOR:LI:SKVJIT:XOXMOKNR[SOUPT:I: LKUcHIVJPOT^:RIUKVkIUOLPHIVJI:UKVSO[ZIOT^::UKHK::QcXMOUPWdIT:ITQIUOPMOmPLPT^:: MOZRKT^::RIZOTJPT^:XKMIJOVT::I:KcJRKT::JOQKT:LI::OVSKRHPWjK:LKT:eRNjKT:RIMPUOKVPLKT:PK: JcROTHK:t|OVOTJyROK:LK:xcROTHK^:r|p{Gxv{^:rHQRITP:lPRPsXP:LI:xcROTHK: tlpxv{h^:Glrxv{^:IJUfh::Kc::T::TcPT::[RIPT::UKHQMIHIVJPRIT::I::bcI:JIVkPH:: RIMPWjK::UKH::K::JcROTHK^::UKHK::K:|OVOTJyROK::LK:|IOK::GHXOIVJI:t||Gh^:oVTJOJcJK: pRPTOMIORK:LI:|IOK:GHXOIVJI:I:{IUcRTKT:€PJcRPOT:{IVKZ[ZIOT:topG|Gh^:pPVUK: €PUOKVPM:LI:\ITIVZKMZOHIVJK:rUKVHOUK:I:‚KUOPM:tp€\‚h:I::‚r€G{u:PMyH:LP: PV[MOTI:ITQIUsSOUPT:LKT:LKUcHIVJKT:PUPLwHOUKT:bcI:JRPJPH:LKT:OHQPUJKT:PLZOVLKT: LP:OVTJPMPWjK:LK:leMK:xcRsTJOUK:~PXK:pRPVUK:t|ƒv{G^:„99`u:{ƒ~…G^:„99†u: lr\{ƒ‚G^:_```h:OLIVJOSOUPVLK:LOTUcTTdIT:TKXRI^:OHQPUJKT:PJcPOT:I:ScJcRKT:QPRP:P: [RIP:LK:QRKYIJKf=

n: ~KMIJP:LI:LPLKT:QROH[ROKT^:IH:UPHQK^:YcVJK:PKT:PJKRIT:IVZKMZOLKT^: QROVUOQPMHIVJI:VPT:UKHcVOLPLIT:MKUPOT^:QKR:HIOK:LI:bcITJOKV[ROKT:I:IVJRIZOTJPT:VjK‡ ITJRcJcRPLKTf:

89:; <=;>?@ABC;BD?EFG@GHC;BD;EI?CJ;I@FIHK?;BD;HG?G@I?;BD;EILMC;I;NGL;BD;GBDO@GNGEIF;

I?;IPQD?;RS;FDITGUIBI?;BI;GO?@ITIPVC;BC;WXTCY; Z

[\Z]^__`ab_`cd`ece^Z^Zfbdga`hciZjZklmb_anoh`cZebZpqacebZobZfcm^dZebZ r^q^osbds`l^oabZ]t_gqa`hbZ

u?;vDFFG@XFGC?;D;WXTC?;vAFw?@GEC?;?VC;D?MIPC?;D;TCEIG?;MFCLC@CFD?;D; MFCBA@CFD?;BD;HITCFD?J;EAT@AFI?J;ECOxDEGLDO@C?J;MCBDFD?J;GBDO@GBIBD?J;FGyADUI?Y; >zMDFG{OEGI?;xALIOI?;EIMIUD?;BD;MFCBAUGF;DODF|GI;yAD;NCF@ITDPI;C;LCBDTC;BD; |D?@VC;ECCMDFIBIJ;MFCLCHDOBC;DODF|GI;yAD;NCF@ITDPI;C;LCBDTC;BD;|D?@VC; ECCMDFIBIJ;MFCLCHDOBC;I;MIF@GEGMIPVC;ECO?EGDO@DJ;I;GO@DFHDOPVC;GO@DTG|DO@D;OC; TCEITJ;I;CF|IOGUIPVC;?CEGIT;@FIO?NCFLIBCFI;D;IA@}OCLI;LIOGND?@IBI;OC?;D?MIPC?; BI?;BDEG?QD?;ECTD@GHI?;DL;TCEIG?;D;D?MIPC?;BI;|D?@VC;BC;MFCED??C;BD; BD?DOHCTHGLDO@C;?A?@DO@SHDT;~>€‚W>J;<99ƒ=;

„??GLJ;C;MFCED??C;BD;@DFFG@CFGITGUIPVC;|DFD;AL;NDO}LDOC;GO@DFD??IO@D;yAD; NIHCFDED;yAD;EIBI;FD|GVCJ;CA@FCFI;BDNGOGBIJ;@DL;AL;NCEC;DL;IT|AO?;DTDLDO@C?J; BD?MDF@IOBC;I?;LIG?;BGHDF?I?;MC??G…GTGBIBD?;MIFI;C?;@GMC?;BD;@AFG?LC;MC??wHDG?Y;

†C;yAD;BGU;FD?MDG@C;IC;@AFG?LCJ;‡AOxI;~<99ˆ=;BD?EFDHD;yAD; ECO@FIFGILDO@D;‰;DHCTAPVC;HDFGNGEIBI;OC?;?D@CFD?;FD?@IO@D?J;I;GO@DFHDOPVC;BC;>?@IBC; TGLG@CAŠ?D;BAFIO@D;LAG@C?;IOC?;‰;MFCLCPVC;GO@DFOIEGCOIT;D;‰;EFGIPVC;BD;D?@wLATC?;IC; ?DA;BD?DOHCTHGLDO@C;MCF;?D;FDECOxDEDF;yAD;?DOBC;AL;GLMCF@IO@D;LDGC;BD;C…@DOPVC; BD;BGHG?I?J;IRABIHI;I;HDOEDF;I?;BGNGEATBIBD?;DECO}LGEI?;D;I;NGOIOEGIF;C;MFCED??C;BD; BD?DOHCTHGLDO@CY;

>O@FD@IO@CJ;IT|AO?;?D@CFD?;NCFLATIBCFD?;BD;MCTw@GEI;DECO}LGEI;OVC; FDECOxDEGIL;C;@AFG?LC;ECLC;I@GHGBIBD;DECO}LGEI;D;?AI;LCBD?@I;BGLDO?VC;OVC; RA?@GNGEIHIL;GO@DFHDOPQD?;?G|OGNGEI@GHI?J;NIUDOBC;ECL;yAD;C;|FIA;BD;DzG|{OEGI;DL; @DFLC?;BD;|D?@VC;OVC;LDFDED??D;EAGBIBC;D?MDEGITY;

‹DO@FD;C?;HSFGC?;MFCED??C?;MDTC?;yAIG?;I;I@GHGBIBD;@AFw?@GEI;MI??CA;DL; ?AI;DHCTAPVCJ;NCG;MC??wHDT;yAD;I?;MFXMFGI?;CFGDO@IPQD?;MCTw@GEI?;BC?;|CHDFOC?; ?CNFD??DL;IT@DFIPQD?;?G|OGNGEI@GHI?J;TDHIOBC;I;GLMCF@IO@D?;LABIOPI?;OI;DTDGPVC;BI?; ?AI?;SFDI?;BD;GO@DFHDOPVC;D;BD;MIMDT;BC;@AFG?LCŒ;DOyAIO@C;I@K;C;NGOIT;BC?;IOC?;89;C; LIG?;GLMCF@IO@D;C…RD@GHC;I@FG…AwBC;IC;@AFG?LC;NCG;C;BD;ECO@FG…AGF;MIFI;IALDO@IF;C?;

89:; <=>?@A;BC;DEFEA=A;B;=GB>H=I;@A;DJKELEGA;L=CME=EAN;=;O=IGEI;D@A;=>@A;P9;B;:9N;O=AA@H; =;L@>AEDBI=IQAB;RHB;HC;DB;ABHA;=GIEMHG@A;C=EA;ECO@IG=>GBA;J;@;DB;=SHD=I;=;IBLHOBI=I; @;=GI=A@;D=A;IB<ETBA;CB>@A;DBAB>F@UFED=A;@H;BC;DBLUV>E@N;D=>D@QABN;=@;CBAC@; GBCO@N;HC=;<I=>DB;W>K=AB;X;LIE=YZ@;D@A;BCOIB<@A;RHB;<=I=>GB[;\]^_`aN;b99cd;

aGH=UCB>GBN;=KEIC=;]H>?=;\b99cdN;RHB;=UJC;D=A;DECB>ATBA;BL@>eCEL=AN; IB=UY=CQAB;G=CMJCN;=A;DECB>ATBA;LHUGHI=EAN;O@UVGEL=AN;A@LE=EA;B;=CMEB>G=EA;D@; GHIEAC@;RHB;DBFBC;CBIBLBI;HC=;C=E@I;=GB>YZ@;O@I;O=IGB;D@;fAG=D@[;]@C;BKBEG@N;U?B; J;IBL@>?BLED@;HC;ECO@IG=>GB;O=OBU;>=;L@>ABIF=YZ@;B;F=U@IEg=YZ@;D@;O=GIECe>E@; LHUGHI=U;B;=CMEB>G=U;BN;=@;CBAC@;GBCO@N;HC;E>AGIHCB>G@;DB;B>IERHBLECB>G@;LHUGHI=U; B;A@LE=U;D=A;O@OHU=YTBAN;>Z@;Ah;D@A;FE=S=>GBAN;C=A;G=CMJC;D@A;IBAEDB>GBAN;=GI=FJA; D=;LIE=YZ@;DB;K@IC=A;DB;U=gBI;AHALBOGVFBEA;DB;IBAO@>DBIBC;=@A;=>ABE@A;E>DEFEDH=EA; B;L@UBGEF@A[;fC;=U<H>A;L=A@AN;L@>GHD@N;@;GHIEAC@;O@DB;ABI;G=CMJC;HC;=<B>GB;DB; OBIFBIAZ@;A@LE=U;B;LHUGHI=U;\=LHUGHI=YZ@N;GHIEAC@;ABiH=Ud;B;DB;DB<I=D=YZ@;D@; =CMEB>GB;B;D@;O=GIECe>E@;LHUGHI=UN;@;RHB;G=CMJC;BiE<B;HC=;E>GBIFB>YZ@;D@A; O@DBIBA;OjMUEL@A[;

_@;D@CV>E@;O@UVGEL@N;BiOUEL=;]H>?=;\b99cdN;@;GHIEAC@;DBABCOB>?=;L=D=; FBg;C=EA;HC;K=G@I;BAGI=GJ<EL@;DB;IBU=LE@>=CB>G@;E>GBI>=LE@>=UN;O@DB>D@;L@>AGIHEI;HC; E>AGIHCB>G@;D@A;fAG=D@AN;BC;O=IGELHU=IN;>=;=SHD=;=@;ABH;DBAB>F@UFECB>G@; BL@>eCEL@;@H;>=;=GB>H=YZ@;D@A;DBABRHEUVMIE@A;KE>=>LBEI@A;B>GIB;BUBA[;k@I;AH=;FBgN; =A;DECB>ATBA;BL@>eCEL=A;GI=DELE@>=UCB>GB;=O@>G=D=A;=@;GHIEAC@;UECEG=F=CQAB;=; BFEDB>LE=I;@A;<=>?@A;BC;DEFEA=AN;@A;ABHA;BKBEG@A;CHUGEOUEL=D@IBA;B;=;LIE=YZ@;DB; BCOIB<@AN;C=A;=GH=UCB>GBN;AH=;ECO@IGl>LE=;J;IBL@>?BLED=;=GI=FJA;D=;DEFBIAEKEL=YZ@; BL@>eCEL=N;>@;DBAB>F@UFECB>G@;IB<E@>=U;B;>@;BAGVCHU@;DB;E>FBAGECB>G@A;>Z@; DEIBG=CB>GB;IBU=LE@>=D@A;L@C;@;ABG@I[;k@I;jUGEC@N;@;RHB;DBGBICE>=;=;IB=UEg=YZ@;DB; HC=;FE=<BC;>Z@;J;G=>G@;@;L@>AHC@;DB;MB>A;B;ABIFEY@A;OI@DHgED@A;OBU=;E>ELE=GEF=; OIEF=D=;L@C@;=;?@AOBD=<BCN;=;DEFBIAZ@;@H;=UECB>G=YZ@N;C=A;AECN;>=;C=E@I;O=IGB; D@A;L=A@AN;@;DBAKIHGB;DB;BiOBIEW>LE=A;DBOB>DB>GBA;DB;K=G@IBA;>=GHI=EAN;LHUGHI=EA;B; A@LE=EA;RHB;AB;E>ALIBFBC;>=;BAKBI=;DB;=GH=YZ@;D@;fAG=D@;=;RHBC;L=MB;=; IBAO@>A=MEUED=DB;DB;FBU=I;OBU=;AH=;OIBABIF=YZ@;B;F=U@IEg=YZ@[;

mHMEBA;\b99cdN;CB>LE@>=;RHB;=@;AB;EC=<E>=I;=A;CBG=A;OIE>LEO=EA; ECOUBCB>G=D@I=A;DB;HC=;BAGI=GJ<E=;DB;DBAB>F@UFECB>G@;DB;DBAGE>@;GHIVAGEL@N;HC;D@A; OIE>LEO=EA;@MSBGEF@A;J;CBU?@I=I;=;RH=UED=DB;DB;FED=;D=;O@OHU=YZ@;B;@;GBIIEGhIE@;@>DB;=; BiOBIEW>LE=;@L@IIB[;

89:; <=;>=>?@A=;?>;BC?;D=CE?F;C>G;F?HGIJ=;DGF>K@LMG;?@AF?;=;>?L=;G>NL?@A?; ?;=;ACFLO>=P;OCFQLFR;G;OCOA?@AGNLHLSGS?;M=>=;C>;>?SLGS=F;L>T=FAG@A?;@?OO?; TF=M?OO=P;?ULOAL@S=;S?OOG;V=F>G;?H?>?@A=O;BC?;T=OOLNLHLAGFJ=;C>G;CALHLWGIJ=;VCACFG; S?OO?O;F?MCFO=OX;

<?OA?;T=@A=;Y;BC?;G=;O?;F?T=FAGF;G=;A?F>=;OCOA?@AGNLHLSGS?P;G;F?VH?UJ=;G;O?F; V?LAG;O?FR;G;S?;BC?;=;S?O?@E=HEL>?@A=;S?EG;O?F;MGTGW;S?;TF=OO?QCLF;S?;V=F>G; TFGALMG>?@A?;T?F>G@?@A?P;M=>=;C>;TF=M?OO=;S?;GC>?@A=;S?;TF=SCA=P;>?HD=FLG;S=O; L@SLMGS=F?O;O=MLGLO;?;TF?O?FEGIJ=;G>NL?@AGH;Z[\]^_P;`::abX;c?Md?F;Z`:::P;TXe`b; S?OMF?E?;BC?;G;@=IJ=;S?;S?O?@E=HEL>?@A=;OCOA?@ARE?H;E?>;O?@S=;CALHLWGSG;M=>=f;

gXXXh;T=FAGS=FG;S?;C>;@=E=;TF=i?A=;TGFG;G;O=ML?SGS?P;MGTGW;S?;QGFG@ALFP;@=; TF?O?@A?;?;@=;VCACF=P;G;O=NF?ELEj@MLG;S=O;QFCT=O;O=MLGLO;?;SG;@GACF?WGX; kFG@OV=F>GlO?P;QFGSGALEG>?@A?P;?>;C>G;MGA?Q=FLGlMDGE?P;G>THG>?@A?; SLECHQGSG;ZGAY;>?O>=;C>;>=SLO>=bP;L@GCQCFG@S=;C>G;ELG;GHA?F@GALEG;=@S?; AFG@OLAG>;SLV?F?@A?O;QFCT=O;O=MLGLO;?;S?;L@A?F?OO?;M=>=P;T=F;?U?>TH=P; T=HmALM=OP;TF=VLOOL=@GLO;S=O;O?A=F?O;TnNHLM=O;?;TFLEGS=OP;?M=H=QLOAGOP; ?M=@=>LOAGOP;GQj@MLGO;VL@G@M?LFGO;>CHALHGA?FGLOP;QFG@S?O;?>TF?OGO;?AMX;; ;

o;@?M?OOLSGS?;S?;C>G;F?HGIJ=;F?@=EGSG;M=>;=;>?L=;G>NL?@A?;?;=;F?M?@A?; L@A?F?OO?;?>;S?O?@E=HEL>?@A=;OCOA?@ARE?H;E?>;O?@S=;M=@OAFCmSG;S?OS?;=O;G@=O;p9; S=;OYMCH=;TGOOGS=X;\;F?HGAqFL=;r\CF;s=>>=@;tCACF?r;?>LALS=;T?H=;u=FHSvwxyz{{zx|v x|v}|~zx|y€|v‚|ƒv„€~€…x†y€|v‡vˆw}}vZ`:‰pb;S?VL@LC;S?O?@E=HEL>?@A=; OCOA?@ARE?H;M=>=;rS?O?@E=HEL>?@A=;BC?;OGALOVGW;GO;@?M?OOLSGS?O;S=;TF?O?@A?;O?>; M=>TF=>?A?F;GO;DGNLHLSGS?O;S?;Q?FGIŠ?O;VCACFGO;TGFG;OGALOVGW?F;OCGO;TFqTFLGO; @?M?OOLSGS?OrX;

\O;M=>T=@?@A?O;S=;S?O?@E=HEL>?@A=;OCOA?@ARE?H;GTF?O?@AGS=;@=;‹?HGAqFL=; Œvwxyyx|vŽ€;OJ=f;

;^OAGN?H?ML>?@A=;S?;HL>LA?O;?M=HqQLM=O;?;TGSFŠ?O;>GLO;?BCLAGALE=O; ;‹?SLOAFLNCLIJ=;SG;GALELSGS?;?M=@K>LMG;?;F?H=MGIJ=;S?;F?MCFO=O; ;s=@AF=H?;S?;T=TCHGIJ=;

;s=@O?FEGIJ=;S=O;F?MCFO=O;NROLM=O;

;oM?OO=;>GLO;?BCLAGALE=;G=O;F?MCFO=O;?;?OV=FI=O;@=;GC>?@A=;S?;A?M@=H=QLG; TGFG;CORlHGO;>GLO;?V?ALEG>?@A?;

89:; <;=>?>@;@>AB@CDCE;

<;FGH>@CGIGAJ@;JC;>CKLAG>CE; <;MGNGOGPJ@;GOKJA?DC;JQH>@CDCE; <;RDN?@DSJ@;J;ADOBNGQJQ>E;

<;TOKSJ;>C?@B?B@J;Q>;KDSU?GAJ;NJAGDNJSVGN?>@NJAGDNJSE; <;WGJXGSGQJQ>;>ADNYOGAJE;

<;ZBJSGQJQ>;JOXG>N?JS;>;TBQG?D@GJ;JOXG>N?JS[;

\];KJ@J;J;RDOGCC^D;MBNQGJS;CDX@>;M>GD;TOXG>N?>;>;F>C>NHDSHGO>N?D;_; RMMTF`;D;Q>C>NHDSHGO>N?D;CBC?>N?]H>S;L;>N?>NQGQD;ADODa;

bO;>CID@cD;Q>;?@JNCID@OJc^D`;ND;dBJS;J;>eKSD@Jc^D;QDC; @>AB@CDC`;J;QG@>c^D;QDC;GNH>C?GO>N?DC`;J;D@G>N?Jc^D;QJ;>HDSBc^D; ?>ANDSfgGAJ;>;J;OBQJNcJ;GNC?G?BAGDNJS;C>;hJ@ODNGPJO;>;@>ID@cJO;D; KD?>NAGJS;K@>C>N?>;>;IB?B@D`;J;IGO;Q>;J?>NQ>@;iC;N>A>CCGQJQ>C;>;JC; JCKG@Jcj>C;hBOJNJC[;kJKBQ;=blRmMTnn`;9oop`;K[;98qr[;

T;bNG^D;MBNQGJS;KJ@J;J;RDNC>@HJc^D;_;sbRn`;D;Q>C>NHDSHGO>N?D; CBC?>N?]H>S;?>O;J;C>gBGN?>;Q>IGNGc^Da;

t;D;Q>C>NHDSHGO>N?D;CBC?>N?]H>S;;BO;K@DA>CCD;dB>;K>@OG?>;D; Q>C>NHDSHGO>N?D;C>O;Q>g@JQJ@;DB;>CgD?J@;DC;@>AB@CDC;dB>;D;?D@NJO; KDCCUH>S[;uJ@J;?JS`;g>@>NAGJOvC>;DC;@>AB@CDC;Q>;ODQD;J;dB>;>C?>C; KDCCJO;C>;@>g>N>@J@;JD;O>COD;@G?OD;>O;dB>;C^D;B?GSGPJQDC`;DB; KJCCJNQD;J;B?GSGPJ@`;>O;H>P;Q>;BO;@>AB@CD;dB>;C>;@>g>N>@J; S>N?JO>N?>`;BO;@>AB@CD;dB>;C>;@>g>N>@>;OJGC;@JKGQJO>N?>[;F>CCJ; ID@OJ`;DC;@>AB@CDC;KDQ>O;C>@HG@;JC;g>@Jcj>C;K@>C>N?>C;>;IB?B@JC; kwMx`;9ooqr;

y>Az>@;k9ooor;JIG@OJ;dB>;D;AJOGNhD;J;C>@;C>gBGQD`;dB>;KJ@>A>;C>@;D;GQ>JS`;L; JdB>S>;>O;dB>;JC;N>A>CCGQJQ>C;QDC;g@BKDC;CDAGJGC;KDCCJO;C>@;J?>NQGQJC;J;KJ@?G@;QJ; g>C?^D;Q>ODA@]?GAJ;QJ;QGH>@CGQJQ>`;NBNAJ;K>@Q>NQD;Q>;HGC?J;D;ADN{BN?D;QJ; CDAG>QJQ>[;T;QG@>c^D`;KDGC`;QD;Q>C>NHDSHGO>N?D;CBC?>N?]H>S;Q>GeJ;Q>;C>@;JdB>SJ; SGN>J@`;|NGAJ`;dB>;JCCBOGB;D;Q>C>NHDSHGO>N?D;QDOGNJN?>;J?L;NDCCDC;QGJCE;N^D;OJGC; J;OJ@AhJ;Q>;?DQDC;>O;BOJ;Cf;QG@>c^D`;OJC;D;@>ADNh>AGO>N?D;>;J;J@?GABSJc^D;Q>; QGI>@>N?>C;ID@OJC;Q>;D@gJNGPJc^D;>;Q>OJNQJC;ADOD;XJC>`;CBC?>N?]ABSD;Q>;BOJ; H>@QJQ>G@J;CBC?>N?JXGSGQJQ>[;

uJ@J;K@>H>NG@;DC;GOKJA?DC;JOXG>N?JGC;QD;?B@GCOD`;J;Q>g@JQJc^D;QDC;@>AB@CDC; >;J;@>C?@Gc^D;QD;C>B;AGASD;Q>;HGQJ`;L;K@>AGCD;ADNA>N?@J@;DC;>CID@cDC;>O;BO; Q>C>NHDSHGO>N?D;CBC?>N?]H>S`;CDX@>?BQD;ND;dB>;C>;@>I>@>;JD;J?@J?GHD;?B@UC?GAD[;

899: ;<=>?@ABB:C9DDEF:AGHBIA:J<K:H=:>HB>KLIH=:MK:MK=KBNHONL@KBIH:=<=IKBIPNKO: K:MK:I<QL=@H:=<=IKBIPNKO:K=IRH:LBIL@A@KBIK:OLSAMH=:A:=<=IKBIATLOLMAMK:MH:@KLH: A@TLKBIKU:V==H:GHQJ<K:H:MK=KBNHONL@KBIH:MH:I<QL=@H:K@:GAQIL><OAQW:MKGKBMK:MA: GQK=KQNAXRH:K:MA:NLATLOLMAMK:MK:=K<=:QK><Q=H=:MK:TA=KU:YB>HBIQAQ:H:KJ<LOZTQLH:KBIQK: H=:LBIKQK==K=:K>HB[@L>H=:J<K:H:I<QL=@H:K=IL@<OA:K:<@:MK=KBNHONL@KBIH:MA:AILNLMAMK: J<K:GQK=KQNK:H:@KLH:A@TLKBIK:BRH:\:IAQK]A:]P>LOW:GQLB>LGAO@KBIK:GHQJ<K:=K<:>HBIQHOK: MKGKBMK:MK:>QLI\QLH=:K:NAOHQK=:=<T^KILNH=:K:MK:<@A:GHOZIL>A:A@TLKBIAO:K:I<QZ=IL>A: AMKJ<AMAU::

_:MK=KBNHONL@KBIH:=<=IKBIPNKO:MH:I<QL=@H:MKNKW:KBIRHW:>HB=LMKQAQ:A:SK=IRH: MK:IHMH=:H=:A@TLKBIK=W:H=:QK><Q=H=:K:A=:>H@<BLMAMK=:QK>KGIHQA=W:MK:@HMH:A: AIKBMKQ:`=:BK>K==LMAMK=:K>HB[@L>A=W:=H>LAL=W:NLNKB>LAL=:K:K=I\IL>A=W:AO\@:MA: LBIKSQLMAMK:><OI<QAOW:H=:GQH>K==H=:K>HOaSL>H=:K==KB>LAL=:K:A:MLNKQ=LMAMK:TLHOaSL>A: MH=:@KLH=:?<@ABH=:K:A@TLKBIAL=W:=K^A@:@ABILMH=:AIQAN\=:MH=:IK@GH=U:bK==A:]HQ@A: \:GH==ZNKO:IKQ:>AQA>IKQZ=IL>A=:K=GK>Z]L>A=:GAQA:H:MK=KBNHONL@KBIH:=<=IKBIAMH:MH: I<QL=@HW:>H@H:Hc:

d:;K=GKLIH:AH:@KLH:A@TLKBIK:BAI<QAOc:H:I<QL=@H:BRH:GHMK:>HOH>AQ:K@:QL=>H:H<: ASQKMLQ:LQQKNKQ=LNKO@KBIK:A=:QKSLeK=:BA=:J<AL=:=K:MK=KBNHONKf:

d:gAQ@HBLA:KBIQK:A:><OI<QA:K:H=:A=GK>IH=:=H>LAL=:MA:>H@<BLMAMK:QK>KGIHQAc: =K@:ASQKMLhOA:H<:IQAB=]HQ@PhOAf:

d:bL=IQLT<LXRH:KJiLIAILNA:MH=:TKBK]Z>LH=:MH:I<QL=@H:KBIQK:A:>H@<BLMAMK: QK>KGIHQAW:H=:I<QL=IA=:K:H=:K@GQK=PQLH=:MH:=KIHQU:

j@:I<QL=IA:@AL=:QK=GHB=PNKO:K:AIKB>LH=HW:QK>KGILNH:`=:J<K=IeK=:MA: >HB=KQNAXRH:A@TLKBIAOW:=KB=ZNKO:`=:LBIKQAXeK=:>H@:A=:>H@<BLMAMK=:QK>KGIHQA=W: KM<>AMH:GAQA:=KQ:@KBH=:>HB=<@L=IA:K:AMHIAQ:<@A:GH=I<QA:HQLKBIAMA:GAQA:H: KBIKBML@KBIH:K:A:>H@GQKKB=RH:MH=:GHNH=:K:OH>AL=:NL=LIAMH=U:

;<=>?@ABB:C9DDEFW:GHBMKQAW:>HOH>ABMH:J<K:H:MK=KBNHONL@KBIH:I<QZ=IL>H: =a:MKNK:H>HQQKQ:>H@H:>HB=KJikB>LA:MK:<@A:GHOZIL>A:MK:GOABK^A@KBIH:><LMAMH=AW: BRH:>AO>AMA:AGKBA=:BA:TAOABXA:MK:GASA@KBIH=:MH=:GAZ=K=:K@:MK=KBNHONL@KBIH:H<: BA:QKOAXRH:MK:><=IH=:K:TKBK]Z>LH=U:YOK:MKNK:K=IQ<I<QAQh=K:=HTQK:LM\LA=:K:GQLB>ZGLH=:MK: TK@hK=IAQ:K:MA:]KOL>LMAMK:MA=:GK==HA=U:_=:GQHTOK@A=:=H>LAL=:MH=:GAZ=K=:BRH: GHMKQRH:=KQ:=HO<>LHBAMH=:=K@:<@A:K>HBH@LA:]HQIK:K:K@:>QK=>L@KBIH:K:H:I<QL=@H: GHMK:>HBIQLT<LQ:GAQA:>QLPhOAU::

89:; <==>;?@=AB;C>@=;DE=FBG=H?EI;E;JBG=J@EGKE;JBC;>;FDLFD@>;G>KMDEN>;O>; >K@?@O>OE;KMDP=K@J>;@GJBDFBD>;G>;DEI>QAB;RBCECSG>KMDEN>T;KMD@=CBSKMD@=K>T;MC>; =@GKBG@>;GEJE==HD@>;F>D>;B;>FDB?E@K>CEGKB;OE==>;>K@?@O>OET;KBC>GOB;B;?@=@K>GKE;>KM>I; JBCB;MC;F>DJE@DB;F>D>;B;OE=EG?BI?@CEGKB;KMDP=K@JB;O>;IBJ>I@O>OEU;VBD;@==B;W;XME;>=; O@?ED=>=;JBCMG@O>OE=;YM=J>C;EZFIBD>D;B;KMD@=CB;JBCB;[BDC>;OE;CEIRBD@>;O>; XM>I@O>OE;OE;?@O>;OE;=EM=;@GKE\D>GKE=T;B;XME;KD>G=JEGOE;>B;CEDB;OE=[DMKE;OE;YBG=; =ED?@QB=;FEIB;?@=@K>GKE;BM;CE=CB;];=@CFIE=;EJBGBC@J@O>OE;OB=;E[E@KB=;O>;C>@BD; FDE=EGQ>;OE;JBG=MC@OBDE=;GB;OE=K@GBU;

^NNBG@;_9``ab;EGKEGOE;B;OE=EG?BI?@CEGKB;OB;KMD@=CB;OE;MC;OEKEDC@G>OB; IBJ>I;JBCB;=EGOB;>FEG>=;B;cJDE=J@CEGKB;OB;=EKBD;XM>GOB;JBCF>D>OB;>;MC;FEDPBOB; >GKED@BDdU;e;OE=EG?BI?@CEGKB;OB;KMD@=CBT;FBD;=@;=LT;GAB;=E;JBG=K@KM@;EC;[>KBD;OE; OE=EG?BI?@CEGKB;DE\@BG>IU;

V>D>;EIET;B;KMD@=CB;F>==>;>;JBG=K@KM@D;[>KBD;OE;OE=EG?BI?@CEGKB;DE\@BG>I; XM>GOB;F>==>;>;EZ@=K@D;B;OE=EG?BI?@CEGKB;KMDP=K@JBT;BM;=Ef>T;>;\ED>QAB;OE;E[E@KB=;OE; EGJ>OE>CEGKBT;\ED>OB=;FEI>;>K@?@O>OE;KMDP=K@J>T;XME;IE?>C;];=MFED>QAB;O>=; JBGO@QgE=;OE;>KD>=B;EJBGhC@JB;DE\@BG>IU;

iEGOB;>==@CT;RH;@GO@J>QgE=;OE;XME;>;>K@?@O>OE;KMDP=K@J>;FB==M@;MC;JI>DB; FBKEGJ@>I;F>D>;>;FDBCBQAB;OB;OE=EG?BI?@CEGKB;DE\@BG>IT;FD@GJ@F>ICEGKE;>B;=E; JBG=@OED>D;XME;B=;E[E@KB=;FB=@K@?B=;=BYDE;>;E=KDMKMD>;FDBOMK@?>;DE\@BG>I;BJBDDEC;EC; FD>NB;C>@=;IBG\BT;>KD>?W=;O>;JD@>QAB;OE;MC;>CY@EGKE;FDBFPJ@B;];@CFI>GK>QAB;OE; BMKDB=;K@FB=;OE;>K@?@O>OE=;_^jk^iT;9``:T;FU;l:bU;

;

mnopqrstuvwxroqoyzr{srr|qro

mn}no~o€txos‚ƒruz{xo„v…xo†‚v‡{xoo

e;VLIB;ˆMDP=K@JB;‰>YB;jD>GJB;FB==M@;HDE>;FDBfEK>O>;OE;lŠ‹;REJK>DE=T; >JDE=J@O>;MC>;HDE>;OE;EZF>G=AB;OE;JEDJ>;OE;9Œ‹;REJK>DE=T;XME;KBK>I@N>C;8lŒ; REJK>DE=U;iEDH;@CFI>GK>OB;G>;NBG>;I@KBDGE>;=MI;OB;ŽMG@JPF@B;OE;BAB;VE==B>T;=BYDE; B;FDBCBGKLD@B;OE;‰>YB;jD>GJBT;G>=;FDBZ@C@O>OE=;O>;VBGK>;OE;iE@Z>=U;i@KM>=E;>B; =MI;OE;BAB;VE==B>T;EC;MC>;[>@Z>;>Of>JEGKE;];J>F@K>I;F>D>@Y>G>U;e;IBJ>I;GBK>Y@I@N> =E;FBD;JBG=K@KM@D;MC>;[>@Z>;FD@?@IE\@>O>;O>;BDI>;C>DPK@C>T;XME;>FDE=EGK>;[>IW=@>=T; C>G\MEN>@=T;E=KMHD@B=;E;F>DJEI>=;OE;?E\EK>QAB;OE;\D>GOE;YEIEN>;E;EC;YBC;E=K>OB;

89:; <=;>?=@=?ABCDEF;G;H=I=JB;KLMNKB;=;B;>?EONPN<B<=;<=;QEDE;R=@@EB;@DE;SN<B@;KEPE; TE?S=@;B>=IE@;B;TBAE?;<B;NP>IBMSBCDE;<E;RUIE;VQWXW;RYZZWG[;\]]^_F;

W;=P>?==M<NP=MSE;>?=AL;9`;a?=B@;<=;bE@>=<Bc=P[;`;a?=B@;KEP=?KNBN@[;9; K=MS?E;<=;KEMA=MCd=@[;\;>B?ef=@;<=;Sf?N@PE;=KEIUcNKE;=;<=;IBJ=?[;8;a?=B@;<=; BMNPBCDE;Sf?g@SNKB[;9;KBP>E;<=;cEIT=;=;:;@=SE?=@;?=@N<=MKNBN@F;YON@S=P;MB;a?=B;B@; >?BNB@;<E;G??BNBI[;ZEI;=;QBKB?B>h[;BIhP;<E@;RB?ef=@;YKEIUcNKE@;<E@;iNE@;G?BSf;=; QBKB?B>hF;j;>?=AN@SE[;BNM<B[;fP;RB?ef=;k=PaSNKE;KEP;9]];b=KSB?=@;B;@=?; NP>IBMSB<E;MB;a?=B;<=;=O>BM@DE;<E;P=@PEF;

;

lmnmopqrsqtuqvowxwywzwvoqow{|zy}~vo|qszow{|szx}z€~o~o‚ƒ~„q}~o

…=AN<E;†;a?=B;>E@@fN?;fPB;?NKB;H=I=JB;KLMNKB[;S?B<fJN<B;=P;a?=B@;A=?<=@;=; ?NE@[;fP;<E@;>?NP=N?E@;c?BM<=@;NP>BKSE@;@=?a;MB;bB?PEMNB;>BN@Bcg@SNKB;‡;<=AN<E;†; <=@KB?BKS=?NJBCDE;<=;>B?S=;<=@SB;B>U@;EKf>BCDE;<B;a?=BF;;

G;a?=B;EM<=;@=?a;NP>IBMSB<E;E;RUIE;kf?g@SNKE;ˆBHE;‰?BMKE;=@Sa;IEKBINJB<B; MfPB;?=cNDE;<=;kBHfI=N?E[;EM<=;B;A=c=SBCDE;>?=<EPNMBMS=;h;ŠIE?=@SB;Y@SBKNEMBI; Z=PN<=KN<fBI[;SBPHhP;KEMb=KN<B;KEPE;ˆ=??B<DE;VQWXW;RYZZWG[;\]]^_F;Y@@B; a?=B;A=P;@=M<E;B>?E>?NB<B;=P;@=f@;=@>BCE@;ABJNE@;=;a?=B@;A=?<=@;KEP;>EfKB; >?=EKf>BCDE;BPHN=MSBIF;

W@;?=@fISB<E@;<E;=@Sf<E;PE@S?BP;ef=;B;a?=B;<=;ˆBHE;‰?BMKE;BNM<B; B>?=@=MSB;?=>?=@=MSBSNAB@;KEPfMN<B<=@;<B;TBfMB;@NIA=@S?=;?=cNEMBI[;>?NMKN>BIP=MS=; =P;?=IBCDE;BE@;BMNPBN@;<=;>=ef=ME;>E?S=[;SBN@;KEPE;E@;>=ef=ME@;PBPgT=?E@[;BA=@[; BMTgHNE@;=;>=ef=ME@;?h>S=N@F;G;BANTBfMB;<B;a?=B;PE@S?Ef‹@=;?BJEBA=IP=MS=; ?=>?=@=MSB<BF;…=S=KSEf‹@=;B;M=K=@@N<B<=;NP>?=@KNM<gA=I[;AN@BM<E;†;>?=@=?ABCDE;<B; TBfMB;IEKBI[;<=;@=;=@SBH=I=K=?;KE??=<E?=@;=KEIUcNKE@;=MS?=;B@;PBMKbB@;<=; A=c=SBCDE;B<ŒBK=MS=@;BE@;?NE@;G?BS[;QBKB?B>h;=;ˆfNa[;B;>=?PBM=K=?=P; >?=@=?AB<B@F;

W;MgA=I;<=;AN<B;<E@;PE?B<E?=@;<B;Ž?=B;<=;MS=?A=MCDE;AB?NB;HB@SBMS=[;=P; TfMCDE;<E;IEKBI;=;SN>E;<=;EKf>BCDEF;ŠE?BP;N<=MSNTNKB<E@;efBS?E;TEKE@;<=;NMAB@DE;MB; a?=B;<E;YP>?==M<NP=MSE;=;Aa?NE@;@DE;E@;BSE?=@;@EKNBN@;=MAEIAN<E@;KEP;B;ef=@SDEF; YON@S=P;<=@<=;PE?B<E?=@;BMSNcE@;BSh;MEAB@;NMAB@d=@F;

89:; <=;>?@=;ABC;DEF;@GC==F;@F;HIJF;KBLM=N?GF;=EF;CO;P?=N@;DBPJ@;C;C=NEF; @=Q@JN@D@=R;ST;@=;ABC;D?LCG?FU@O;P@L@;@=;HL@?@=;@F;VFLNC;C;WT;@ABCJ@=;ABC;LBO@O; P@L@;F;=BJX;CO;D?LCYEF;@F;<CLFPFLNFX;GFOF;@;>?@;CZPLC==@;[C=NC;\;]C=NC;^GFO;:X_; `OaX;ABC;J?b@;F;HIJF;c;de;_fgR;

];PL?UG?P@J;@GC==F;DF;=?=NCO@;>?TL?F;DF;HIJF;PF==B?;8X8;hOR;<=;>?@=; =CGBUDTL?@=;PF==BCO;9:X:;hO;C;?UNCLJ?b@O;@=;D?>CL=@=;iFU@=;PLFjCN@D@=;P@L@;F;HIJF; KBLM=N?GFR;

KFD@=;=C;CUGFUNL@O;GFO;P@>?OCUN@YEF;@=QTJN?G@R;VF;ABC;=C;LCQCLC;c;?UQL@k C=NLBNBL@X;jT;=C;CUGFUNL@O;?U=N@J@DF=;F=;PF=NC=;GFO;JBO?UTL?@=;ABC;=BPL?LEF; ?JBO?U@YEF;PlmJ?G@;P@L@;@;>?@;PL?UG?P@JR;STX;U@=;PLFZ?O?D@DC=;DF;COPLCCUD?OCUNFX; BO@;=BmC=N@YEF;@m@?Z@DFL@;DC;CUCLb?@;CJnNL?G@;DC;8o;`>FJN=R;

p?=@UDF;@F;@m@=NCG?OCUNF;DC;TbB@X;WT;BO@;=Bmk@DBNFL@;DC;TbB@;PFNT>CJX; GFO;GCLD@;DC;:Xf;`O;DC;CZNCU=EFX;@JnO;DC;eC=CL>@;qBmNCLLrUC@;P@L@;fRggg;O;

VC==@;Q@=C;n;?OPFLN@UNC;=@J?CUN@L;ABC;FGFLLCO;F=;?OP@GNF=;PF=?N?>F=;ABC; jB=N?Q?G@L@O;@;DCG?=EF;PFJMN?G@;DC;?U=N@J@YEF;DF;sOPLCCUD?OCUNFX;N@?=;GFOF;@; bCL@YEF;DC;GCLG@;DC;9Rggg;COPLCbF=;D?LCNF=R;sUNLCN@UNFX;LCGFOCUD@k=C;ABC;@; @m=FLYEF;D@;OEFkDCkFmL@;JFG@J;PCJ@;@N?>?D@DC;NBLM=N?G@;=Cj@;PLCGCD?D@;DC; AB@J?Q?G@YEFR;

<;?OPJCOCUN@YEF;DF;HIJF;=CLT;PLCGCD?D@;DC;UF>C;PLFbL@O@=;DC;GFUNLFJC; @Om?CUN@J;P@L@;@;O?N?b@YEF;C;GFUNLFJC;DF=;?OP@GNF=;UCb@N?>F=;DCGFLLCUNC=;D@=;Q@=C=; DC;?U=N@J@YEF;C;FPCL@YEF;;

<;Fm=CL>@YEF;DC==@=;OCD?D@=;C;PLFbL@O@=;?OPJ?G@;PL?UG?P@JOCUNC;U@; GFOP@N?m?J?t@YEF;DF;PLFjCNF;BLm@UM=N?GF;GFO;BO@;iFU@;GFUNMbB@;DC;HLC=CL>@YEF;@; =CL;?UNCbL@D@;PCJF=;H@LABC=;s=N@DB@?=;DF;L?F;<L@NB;C;DF;L?F;u@G@L@PnX;vLC@=;DC; HLC=CL>@YEF;HCLO@UCUNC;C;F;GFLLCDFL;CGFJIb?GF;ABC;Q@LT;@;?UNCLJ?b@YEF;DC==@=; TLC@=R;;

uT;CO;Q@=C;DC;?OPJ@UN@YEFX;F;wCUNLF;DC;wFU>CUYxC=;DC;uFEF;HC==F@X;bCL@LT; ?OPFLN@UNC=;?OP@GNF=;=FG?@?=;C;CGFUyO?GF=;UF;OBU?GMP?F;=CD?@UDF;C>CUNF=;NnGU?GFk G?CUNMQ?GF=;DC;bL@UDC;PFLNCX;bCL@UDF;COPLCbF;C;LCUD@R;]m=CL>@k=C;N@OmnO;ABC; WFB>C;@;>@JFL?t@YEF;DF=;NCLLCUF=;PLIZ?OF=;@F;JFG@JR;

89:; <;=>?@ABC;D@EC;FG@HICJ;K>L@AC;MK>?NH@MC;O;INPHIN@;K;KQKH?C>;?RIHNICJ INKH?STNIC>;MK;LKUVK;HC;LCG?KW;NH@VXVG@M@;KY;Z[[\;K;@GUVN?K?@M@;LCG;]>I@G; ^NKYK_KG;>KHMC;VY@;NHCQ@MCG@;CEG@;LK`C;GKHCYK;MC;>KV;NMK@`Na@MCGW;QPY; ICH?GNEVNHMC;L@G@;@;Q@`CGNa@ABC;VGE@H@;K;ICH>KUVKH?K;CIVL@ABC;M@;GKXNBCb;

<;CIVL@ABC;M@;cGK@;ICY;KMNTNI@AdK>;K;CV?GC>;KUVNL@YKH?C>;MKQK;QN>@G;O; YSHNY@;@`?KG@ABC;MC;YKNC;H@?VG@`;K;O;YSHNY@;NYLKGYK@EN`Na@ABC;MC;>C`CW;L@G@;UVK;C; Q@`CG;IPHNIC;LGK>KH?K;>K;>CEGKLCHe@;O;TV?VG@;L@N>@XKY;@H?GCLCTNa@M@W;K;L@G@;UVK;@; I@L@INM@MK;MK;>VLCG?K;MK;I@M@;`CI@`;HBC;>Kf@;Kg?G@LC`@M@b;

]V?GC;NYL@I?C;CE>KGQ@MC;>KGc;@?G@QR>;M@;ICH>?GVABC;MC>;KUVNL@YKH?C>; eC?K`KNGC>;UVK;MKQKY;GK>LKN?@G;@>;ICHMNAdK>;NYLC>?@>;LK`@;H@?VGKa@;XKG@HMC;C; YSHNYC;NYL@I?C;HKX@?NQC;KY;>V@>;NH>?@`@AdK>b;=>?K>;GKLGK>KH?@Gc;VY@;HCQ@;TCGY@; MK;NHIGKYKH?@G;C;YKGI@MC;NYCEN`NcGNCW;@?G@QR>;MC;Ie@Y@MC;hiVGN>YC;NYCEN`NcGNCj; YCM@`NM@MK;MK;LGCMVABC;NYCEN`NcGN@;GK`@INCH@M@;ICY;@;>KXYKH?@ABC;MC>;K>L@AC>; kKY;LGc?NI@>;>CIN@N>;MK;`@aKGW;lINCW;MK>I@H>CW;@`NYKH?@ABCW;K?Ibm;K;@;LC>>NEN`NM@MK;MK; HCQC>;I@LN?@N>W;@MQNHMC>;MK;NHQK>?NMCGK>;Kg?KGHC>W;>Kf@Y;K>?K>;XGVLC>;CV;NHMNQSMVC>b;

;

nopoq rstuvwxsyzuq{|u}wtw~vwsq|q€‚yzuqƒuq„vu…†uq‡qˆswvvuq‰t†wŠts‚uq‹s}uq ˆvs‚Œuq

<;cGK@;MC;LGCfK?C;QKY;Q@`CGNa@HMCJ>K;LCG;YKNC;M@>;@AdK>;fc;GK@`Na@M@>;K; LGKQN>?@>;LK`@;NYL`@H?@ABC;MC;YK>YCb;Y;MC>;E@NGGC>;LKG?KHIKH?K;O;cGK@;C;<`?NL`@HC; MC;D@EC;FG@HIC;QKY;>KHMC;@?NHXNMC;LK`@;K>LKIV`@ABC;NYCEN`NcGN@W;QN>@HMC;`VIGC>; @`?C>;K;GcLNMC>b;ŽK>?K;YCMCW;KgL@HMKYJ>K;C>;ICHMCYSHNC>;QKG?NI@N>;k>K?CG;HCG?Km;K; LGNHINL@`YKH?K;C>;ICHMCYSHNC>;GK>NMKHIN@N>;eCGNaCH?@N>b;;

];CQKGHC;VHNINL@`;QKY;QKHMKHMCW;HC>;‘`?NYC>;@HC>W;@;NY@XKY;MC;<`?NL`@HC; ICYC;VY;?KGGN?lGNC;MK;LGCfKABC;@C;MK>KHQC`QNYKH?C;>lINCJVGE@HC;QC`?@MC;@; LGK>KGQ@ABC;MC;YKNCJ@YENKH?KW;UV@`NM@MK;MK;QNM@;K;?VGN>YCb;<>>NYW;C;IGK>INYKH?C; MC;E@NGGCW;@ICYL@He@;ICH>?GVAdK>;MK;YCG@MN@>;MK;`VgC;@?G@SM@>;LK`@;MNQV`X@ABC;M@; YSMN@;UVK;V>@;ICYC;@?G@?NQCW;@;LGK>KHA@;MC;hQKGMKjW;M@;EK`@;L@N>@XKY;`N?CG’HK@W; @>>KXVG@HMC;VY@;KgIK`KH?K;UV@`NM@MK;MK;QNM@;K;M@;NYL`@H?@ABC;MC;LGCfK?C;

DCY;N>>CW;@;K>LKIV`@ABC;NYCEN`NcGN@;MC;`CI@`;R;QN>SQK`;KY;I@YL@He@>;MK; LVE`NINM@MK;K;Y@G“K?NHX;>CEGK;@;LGK>KHA@;MC;QKGMK;K;M@;UV@`NM@MK;MK;QNM@b;

898: ;:<=>??@:A@:BCD>EC=F@:G=<@:H?=FI@:EJ?AJK:L?=FAJ:E@?MN@:A=:OK=:I@<J?DK?=: PJLJD=C:F=DK?=CQ:E=?=:=:I@FOD?KMN@:AJ:I@FA@RSF>@O:?JO>AJFI>=>O:T@?>U@FD=>O:D=R<VR: E?JP>OD@O:F@:AJI?JD@:RKF>I>E=C:WXYZY[\]]WX:BE^O:=:I@FOD?KMN@:A=:_OD=MN@:G=<@: H?=FI@Q:=OO>R:I@R@:=:RKA=FM=:CJL=C:A=:IC=OO>`>I=MN@:A=aKJC=:b?J=:K?<=F=Q:aKJ: E=OO@K:AJ:c@F=:AJ:dJOD?>MeJO:BA>I>@F=>OQ:E=?=:c@F=:AJ:BAJFO=RJFD@:f?>@?>Db?>@Q:@: <=>??@:OJ:D@?F@K:=:L?=FAJ:PJAJDJ:A=O:I@FOD?KD@?=O:C@I=>O:J:=D?=>K:D=R<VR:=CLKR=O: I@FOD?KD@?=O:OJA>=A=O:JR:@KD?@O:JOD=A@O:gBh_iBjkd_Q:\]9]lX:

:

mno pqrqstuvwxyo

Bh_iBjkd_Q:zBj_{{B|:k}j}cQ:dB~~B_h|:HBdH;cB:kB:G;{BQ:h_;jBdk;|: {}h€BQ:h‚}B:ƒX:B€Bd_{:kBX:„…†w‡…xuˆo‰xŠˆo‹sxuvˆoqŒoˆŽˆoqyyˆxo xsx‘Šxo‹sxyw…’o“qy†Žˆo”sŠxuxoqo•x…ˆsw–x—Žˆo˜ŒˆŠw…w™swxošˆo›qwˆœ„ŒŠwqu†qX: k>OE@FSPJC:JR:žžžXŸ ¡ ¢£¢¤¢¥¦§¨©ª«¬¡¦¥¦­© ¢¨®¯°¨±²©¦§§ª³±´µ¬´¶¬·´¸´±

HBdH;{BQ:BA=KD@:‚@RJOX:sˆš¹—Žˆošˆoºy‡x—ˆoqo»sxuyrˆsŒx—¼qyo”sŠxuxyouˆo ½w†ˆsx…o¾¹…ošqoˆŽˆoqyyˆxo¿o‹n:k>OOJ?D=MN@:AJ:ƒJOD?=A@X:À~djQ:\]]W:

H_GÁ_dQ:k>F>U=?:~J?R>=F@:g;?LXlX:ÂqyquȅÃwŒqu†ˆoy¹y†qu†™Ãq…’:FJIJOO>A=AJ: J[@K:E@OO><>C>A=AJÄ:\X:_AX:{=FD=:G?KU:A@:{KC:_kÀj}{GQ:9ÅÅÅX:

H_j_€}k_{Q:}?JCJF@:f@?D@X:;:f?@AJDK?ÆG_:@:EC=FJÇ=RJFD@:DJ??>D@?>=C:A@:DK?>OR@: I@R@:I=O@:AJ:EC=FJÇ=RJFD@:L@PJ?F=RJFD=C:F@:GJ=?b:}F:d;kd}‚À_{Q:BAÈ?:HX: »¹swyŒˆoqoÉqˆÉsxrwx’:?J`CJÊeJO:DJ^?>I=O:J:JF`@aKJO:?JL>@F=>OX:{N@:f=KC@:ËKI>DJIQ: 9ÅÅ8X:

H_j}Q:ƒb?>@:G=?C@OX:„u™…wyqoqy†s¹†¹sx…ošˆo†¹swyŒˆ¨:{N@:f=KC@:{_jBGQ:\]]9X: GB}k_jQ:‚J?=CAX:_|:GBdB€Bj_{Q:‚J?=CA@:dX:pqvˆuywšqsx—¼qyošˆovˆuvqw†ˆošqo šqyquȅÃwŒqu†ˆn:G=Ê>=O:A@:{KC:_kÀG{Q:9ÅÌÌX:

GBdBQ:d@<J?D@:HKOD@OX:_C:DK?>OR@:È:C@O:E?@IJO@O:AJ:D?=FO`@?R=I>^F:DJ??>D@?>=C±}F: d;kd}‚À_{Q:BAÈ?:HX:»¹swyŒˆoqoÉqˆÉsxrwx:?J`CJÊeJO:DJ^?>I=O:J:JF`@aKJO: ?JL>@F=>OX:{N@:f=KC@:ËKI>DJIQ:9ÅÅ8X:

GB€BG;Q:GX±K?>OR@:?K?=C:J:AJOJFP@CP>RJFD@:C@I=C±}FX:d;kd}‚À_{Q:BAÈ?:HX: »¹swyŒˆoqoÉqˆÉsxrwx:?J`CJÊeJO:DJ^?>I=O:J:JF`@aKJO:?JL>@F=>OX:{N@:f=KC@:ËKI>DJIQ: 9ÅÅ8X:

GdÀcQ:dX:GX:ˆ…‘†wvxošqo†¹swyŒˆoqo†qssw†ÍswˆX:{N@:f=KC@:G@FDJÊD@Q:\]]]X::

_jkd_{Q:BX:€X:Îo‡…xuqÏxŒqu†ˆovˆŒˆowuy†s¹Œqu†ˆošqovˆuš¹—Žˆo‡ˆ…‘†wvxošˆo ºy†xšˆ’ošˆovqu†sx…w–xšˆoxˆo‡xs†wvw‡x†wÈoqoyq¹yosqr…qЈyouˆo‡…xuqÏxŒqu†ˆo †¹swy†wvˆouxoxsx‘ŠxX:}F:}:{>RE^O>@:j@?AJOD>F@:AJ:K?>OR@:{J?D=FJÇ@:;:K?>OR@: O@I>=C:J:=CDJ?F=D>P=O:E=?=:@:AJOJFP@CP>RJFD@:A@:OJR>Æb?>A@Q:\]]9Q:Ñ@N@:fJOO@=X:}: {>RE^O>@:AJ:K?>OR@:{J?D=FJÇ@Q:\]]9X:PX:}X:EX:\9Æ\9:

~Bd}B{Q:€X:‰™yywˆoŠ¹yvxowuÃqy†wšˆsqyo‡xsxoÍ…ˆošˆo‰xŠˆo‹sxuvˆX:;:j@?DJQ: f@CSD>I=Q:]\:=L@X:\]]YX:

ËBhhQ:ƒ>IT=JC:GX:…xuqÏxŒqu†ˆo†¹s‘y†wvˆ:E@CSD>I=OQ:E?@IJOO@O:J:?JC=I>@F=RJFD@O¨: {N@:f=KC@:G@FDJÊD@Q:\]]9X:G@CJMN@:K?>OR@:G@FDJÊD@X:

89:; <=>=;?@AA=BC;DEFGHIJKLIMNFOPEOQRSFTOPIOQGEUEKVWGIOXWJKYKZISOPEO[FNFO QETTFIO\O]EYGEVIGKIOPEO^PWYIMNFOEO_WSVWGI`;abbc;

d=efB`;BC;gC;hCi;jBfhkB`;lC;jCC;QFSmVKYITOQnoSKYITOPEOpWGKTqFOEO ]WTVEJVIoKSKPIPErOsOQRSFOpWGmTVKYFO_IoFOtGIJYFO^qOuJvSKTEw;helxef`;yz{;b|;}; zC;b|;};<~z{€abb;

?@‚f=AB`;kC;lC;uOHETVNFOIqoKEJVISOEOFOQRSFOpWGmTVKYFO_IoFOtGIJYFrOƒqIO IoFGPIHEqOTFoGEOPETEJ„FS„KqEJVFOEOqEKFOIqoKEJVEw;9C;‚…††‡ˆ‰yŠ‹{; Œd‡†‰ˆy{;‡Ž;‚‡†‡z{…Ž‡z‰{;‡;d‡…{;BŽ‘…‡z‰‡’;};?ˆ{“ˆyŽy;‡;?”†•jˆy~yŠ‹{; ‡Ž;‚‡†‡z{…Ž‡z‰{;‡;d‡…{;BŽ‘…‡z‰‡`;ez…‡ˆ†…y‡;–‡‡ˆy;y;?yˆy—‘y`;<{‹{; ?‡††{y`;9C;;

?@f@kfB`;h˜††…{;BC;AC;uOVGI™EVRGKIOPIOZFSmVKYIOPEOVWGKTqFOEqOXKJITOšEGIKTOEOFO ZIZESOPFOQFPEGO›EHKTSIVK„FOEqOTWIOVGIJTUFGqIMNFw;Œ‚…††‡ˆ‰yŠ‹{;‡;Ž‡†‰ˆy{’C; œ‡{;{ˆ…ž{z‰‡Ÿ;9C;‚…† {z—‡;‡Ž;¡‰‰ Ÿ€€;¢¢¢C£ ‰~ˆC£{ŽC‘ˆ¤C;B£‡††{;‡Ž;9¥;Žy…{; abb9C;

f=‚fkje@A`;BC;œC;pWGKTqFOEOETZIMFrOGWqFOIOWqOYFJ¦EYKqEJVFO VGIJTPKTYKZSKJIGC;A‹{;?y~{Ÿ;~£…‰‡£`;9C;

feAhdB§§`;‚{ˆ…†;¨yz;‡;d‡‡z‡C;pWGKTqFOEOZSIJE™IqEJVFOTWTVEJVv„ESŸ;y;  ˆ{‰‡Š‹{;{;Ž‡…{;yŽ‘…‡z‰‡©ªhyŽ …†`;A?Ÿ;?y …ˆ~†`;9:C;

]u_«]¬

O

­

HJIJY®w

;

@£{‡†‡z{

…

Ž‡z‰

{Ÿ

;

YGETYEGO

TEqO

PETV

GWK

Gw

;

]NFO

QIWS

Fr

O

¯°GV

K

YE¬

O

±²³´w

O

¨BfjBA`;dyˆ…y;B~“~†‰y;d~z…ŽC;µETEJ„FS„KqEJVFOGEHKFJISOEqO¶WETVNFrO{;œy…·{; A‹{;–ˆyz£…†£{;ˆ‡…†y{C;Œx‡†‡;‡;{~‰{ˆy{’C;f…{;hyˆ{Ÿ;e§@A?`;9C;;

¨k@kfB`;l—£…{;¨y¸ˆ…{;l…Žy;¨…‡…ˆyC;pWGKTqFOYFqFOISVEGJIVK„IOPEOPETEJ„FS„KqEJVFO JFOqWJKYmZKFOPEOQFMFODEPFJPFC;‚…††‡ˆ‰yŠ‹{;Œd‡†‰ˆy{;‡Ž;‚‡†‡z{…Ž‡z‰{;‡; d‡…{;BŽ‘…‡z‰‡’•ez…‡ˆ†…y‡;–‡‡ˆy;‡;A‡ˆ“… ‡`;A‡ˆ“… ‡`;abbbC;