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May 18, 2015 Agenda Packet
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ůŝŵŝŶĂƚŝŽŶϮϬϭϯϮϬϭϰ tYWWĐŽŶŶĞĐƚŝŽŶƐƚŽƚŚĞƐĂŶŝƚĂƌLJƐĞǁĞƌϭϯϮϱ ŝůůŝĐŝƚĚŝƐĐŚĂƌŐĞƌĞƐƉŽŶƐĞƐϭϳϭϴ ŝůůĞŐĂůĚƵŵƉŝŶŐĐŽŵƉůĂŝŶƚƐϲϭϮ ĚƌLJǁĞĂƚŚĞƌŽƵƚĨĂůůŝŶƐƉĞĐƚŝŽŶƐ;^ ŝƐƚƌŝĐƚͿϮϳϴϭϮϱϱ йŽĨĂůůŽƵƚĨĂůůƐ ϮϮϭϬϬ ŝůůŝĐŝƚĚŝƐĐŚĂƌŐĞƐĨŽƵŶĚϬϬ ŽƵƚĨĂůůƐƌĞƉĂŝƌĞĚĐŽŵƉůĞƚĞĚ;ͺͺͺйŽĨƐŝƚĞƐŝŶƐƉĞĐƚĞĚͿ ϱϵϲϬ ŐĂůůŽŶƐŽĨƐĞǁĂŐĞĐŽůůĞĐƚĞĚĂƚtĂƚĞƌZĞĐůĂŵĂƚŝŽŶWůĂŶƚĚƵŵƉƐƚĂƚŝŽŶϯϬ͕ϮϱϬϯϯ͕ϳϬϬ ĚŝƐĐŽǀĞƌŝĞƐŽĨŝŵƉƌŽƉĞƌĐŽŶŶĞĐƚŝŽŶƐƚŽƚŚĞƐƚŽƌŵƐĞǁĞƌƐLJƐƚĞŵϯϬ ŚĂnjĂƌĚŽƵƐƐƉŝůůƌĞƐƉŽŶƐĞƐďLJƚŚĞZŽĐŚĞƐƚĞƌ&ŝƌĞĞƉĂƌƚŵĞŶƚϮϰϵϮϮϱ ƐĂŶŝƚĂƌLJƐĞǁĞƌŽǀĞƌĨůŽǁƌĞƐƉŽŶƐĞƐϮϰ ŐĂůůŽŶƐŽĨƐĞǁĂŐĞĚŝƐĐŚĂƌŐĞĚĨƌŽŵƉŝƉĞϮϮϬϬ ŐĂůůŽŶƐŽĨƐĞǁĂŐĞĚŝƐĐŚĂƌŐĞĚƚŽƌĞĐĞŝǀŝŶŐǁĂƚĞƌƐ ϬϬ ϮϬϭϯϮϬϭϰ DŝŶŝŵƵŵŽŶƚƌŽůDĞĂƐƵƌĞϰͲŽŶƐƚƌƵĐƚŝŽŶ^ŝƚĞ^ƚŽƌŵǁĂƚĞƌDĂŶĂŐĞŵĞŶƚ ĞƌŽƐŝŽŶĂŶĚƐĞĚŝŵĞŶƚĐŽŶƚƌŽů; ^ͿĐŽŵƉůĂŝŶƚƐϳϭϰ ĐŽŵŵĞƌĐŝĂůĂŶĚƐƵďĚŝǀŝƐŝŽŶ ^ƉůĂŶƐƌĞǀŝĞǁĞĚǁŝƚŚŐƌĂĚŝŶŐƉůĂŶƐϳϮϭϬϵ ŝĚůĞƐŝƚĞƐ;ƉƌĞǀŝŽƵƐůLJĂƉƉƌŽǀĞĚĐŽŵŵĞƌĐŝĂůƐŝƚĞƐĂŶĚƐƵďĚŝǀŝƐŝŽŶƐͿϯϬϯϮ ŝŶĚŝǀŝĚƵĂůůŽƚ ^ƉůĂŶƐƌĞǀŝĞǁĞĚǁŝƚŚĂƉƉƌŽǀĞĚŐƌĂĚŝŶŐƉůĂŶƐϮϰϯϱ ĂĐƚŝǀĞĐŽŵŵĞƌĐŝĂů͕ƐƵďĚŝǀŝƐŝŽŶĂŶĚŝƚLJƉƌŽũĞĐƚƐŝƚĞƐǁŝƚŚĐŽŶƐƚƌƵĐƚŝŽŶƉĞƌŵŝƚƐϲϵϵϮ ĐŽŵŵĞƌĐŝĂůƐŝƚĞƐ ϱϯϳϬ ƐƵďĚŝǀŝƐŝŽŶƐϭϬϭϭ ŝƚLJƉƌŽũĞĐƚƐ ϲϭϭ ^ŝŶƐƉĞĐƚŝŽŶƐďLJŝƚLJƐƚĂĨĨϭϯϱϯϵϯ ŝƚLJ ^ŝŶƐƉĞĐƚŝŽŶƐƉĞƌĂĐƚŝǀĞĐŽŵŵĞƌĐŝĂůͬƐƵďĚŝǀŝƐŝŽŶͬŝƚLJƉƌŽũĞĐƚůŽƚƐŝƚĞ ϭ͘ϵϲϰ͘ϯ ^ŝŶƐƉĞĐƚŝŽŶƐďLJĐŽŶƚƌĂĐƚŽƌƐůŽŐŐĞĚŝŶWĞƌŵŝdƌĂĐŬϯϭϵϮϱϬ йŽĨŝƚLJĂŶĚĐŽŶƚƌĂĐƚŽƌ ^ŝŶƐƉĞĐƚŝŽŶƐƉĂƐƐĞĚ ϳϴ͘ϲϲϯ͘Ϭ ĂĐƚŝǀĞŝŶĚŝǀŝĚƵĂůůŽƚƐŝƚĞƐ;сϮϬϭϰďƵŝůĚŝŶŐƉĞƌŵŝƚƐнƉĞƌŵŝƚƚĞĚƐŝƚĞƐĐĂƌƌŝĞĚŽǀĞƌͿϰϯϮϱϬϰ ƐƵďĚŝǀŝƐŝŽŶƐǁŝƚŚĂĐƚŝǀĞĐŽŶƐƚƌƵĐƚŝŽŶ ϭϭϮϵϵ ďƵŝůĚĞƌƐǁŝƚŚĂĐƚŝǀĞĐŽŶƐƚƌƵĐƚŝŽŶϳϴϳϱ ^ŝŶƐƉĞĐƚŝŽŶƐĂƚŝŶĚŝǀŝĚƵĂůůŽƚƐŝƚĞƐǁŝƚŚŝŶƐƉĞĐƚŝŽŶƌĞƉŽƌƚƐƐƵďŵŝƚƚĞĚϭϭϱϬϳϳϲ ŝŶƐƉĞĐƚŝŽŶƐŝŶEtZŽĐŚĞƐƚĞƌϯϮϵϮϰϮ ŝŶƐƉĞĐƚŝŽŶƐŝŶE ZŽĐŚĞƐƚĞƌϮϱϲϮϭϯ ŝŶƐƉĞĐƚŝŽŶƐŝŶ^tZŽĐŚĞƐƚĞƌϰϱϯϮϯϬ ŝŶƐƉĞĐƚŝŽŶŝŶ^ ZŽĐŚĞƐƚĞƌϭϭϮϵϭ ŝƚLJ ^ŝŶƐƉĞĐƚŝŽŶƐƉĞƌĂĐƚŝǀĞŝŶĚŝǀŝĚƵĂůůŽƚƐŝƚĞϮ͘ϳϭ͘ϱ ^ĞŶĨŽƌĐĞŵĞŶƚĂĐƚŝŽŶƐ;ĐŽŵŵĞƌĐŝĂůĂŶĚƐƵďĚŝǀŝƐŝŽŶƐŝƚĞƐͿϰϴ ĚĞĨŝĐŝĞŶĐLJůĞƚƚĞƌƐϰϰ ĐŽƌƌĞĐƚŝŽŶŽƌĚĞƌƐϬϮ ƐƚŽƉǁŽƌŬǁĂƌŶŝŶŐƐϬϮ ƐƚŽƉǁŽƌŬŽƌĚĞƌƐϬϮ ϳϭ ^ĞŶĨŽƌĐĞŵĞŶƚĂĐƚŝŽŶƐ;ŝŶĚŝǀŝĚƵĂůůŽƚƐŝƚĞƐͿ ƐƚŽƉǁŽƌŬǁĂƌŶŝŶŐƐϳϭ ƐƚŽƉǁŽƌŬŽƌĚĞƌƐϬϬ ϮŽĨϰ 3DFNHW3J (D ZŽĐŚĞƐƚĞƌΖƐ^ƚŽƌŵǁĂƚĞƌWĞƌŵŝƚZĞƉŽƌƚŽĨWƌŽŐƌĞƐƐĨŽƌϮϬϭϰ͗ΗLJƚŚĞEƵŵďĞƌƐΗ DŝŶŝŵƵŵŽŶƚƌŽůDĞĂƐƵƌĞϱͲWŽƐƚ ͲŽŶƐƚƌƵĐƚŝŽŶ^ƚŽƌŵǁĂƚĞƌDĂŶĂŐĞŵĞŶƚϮϬϭϯϮϬϭϰ ƉůĂŶŶŝŶŐƌĞĨĞƌƌĂůƐƚŽƌĞǀŝĞǁĚĞǀĞůŽƉŵĞŶƚŝŵƉĂĐƚƐŽŶƐƚŽƌŵǁĂƚĞƌϮϭϬϮϮϱ ĐŽŵŵĞƌĐŝĂůƐŝƚĞŐƌĂĚŝŶŐƉůĂŶƐƌĞǀŝĞǁĞĚϱϲϭϬϬ ƐƵďĚŝǀŝƐŽŶƐŝƚĞŐƌĂĚŝŶŐƉůĂŶƐƌĞǀŝĞǁĞĚϭϲϵ ŐƌĂĚŝŶŐƉůĂŶƐĂƉƉƌŽǀĞĚĨŽƌĐŽŵŵĞƌĐŝĂůĂŶĚƐƵďĚŝǀŝƐŝŽŶƐŝƚĞƐϲϴϳϲ ŐƌĂĚŝŶŐƉĞƌŵŝƚƐŝƐƐƵĞĚϱϭϯϵ ǁĞƚůĂŶĚĂƉƉůŝĐĂƚŝŽŶƐƌĞǀŝĞǁĞĚϴϭϲ ǁĞƚĂŶĚĂƉƉůŝĐĂƚŝŽŶƐŝŶĞĐŽƌĂŚ ĚŐĞƐĞƚƚŝŶŐϭϰ ĂĐƚŝǀĞŝŶĚŝǀŝĚƵĂůůŽƚƐŝƚĞƐϰϮϰϯϬϲ ŝŶĚŝǀŝĚƵĂůůŽƚŐƌĂĚŝŶŐƉůĂŶƐƌĞǀŝĞǁĞĚĂŶĚĂƉƉƌŽǀĞĚϮϰϯϮ ŝŶĚŝǀŝĚƵĂůůŽƚŐƌĂĚŝŶŐͬĚƌĂŝŶĂŐĞŝŶƐƉĞĐƚŝŽŶƐϭϭϱϬϳϴϱ ϯϲϰϯϳϯ ƐƚŽƌŵǁĂƚĞƌƉŽŶĚƐŝŶZŽĐŚĞƐƚĞƌ ĐŝƚLJϭϮϮϭϮϱ ĞĂƐĞŵĞŶƚ ϭϳϭϳ ƚƌĂŶƐŝƚŝŽŶϰϲϰϰ ƉƌŝǀĂƚĞ ϭϯϴϭϰϬ ĐŽƵŶƚLJϲϲ ƐƚĂƚĞ ϯϱϯϱ ŝƚLJƐƚŽƌŵǁĂƚĞƌƉŽŶĚƐŝŶƐƉĞĐƚĞĚϭϬϯϭϯϲ йŽĨŝƚLJƉŽŶĚƐŝŶƐƉĞĐƚĞĚ ϳϱϵϲ ƚƌĂŶƐŝƚŝŽŶƉŽŶĚƐĂĐĐĞƉƚĞĚ;EĂŵĞ͗ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͿϭϯ ŽƚŚĞƌƐƚŽƌŵǁĂƚĞƌDWƐ;ĂůůŽǁŶĞƌƐͿϮϬϴϮϭϯ ďŝŽƐǁĂůĞƐϴϴ ĐĂƚĐŚďĂƐŝŶƐƵŵƉƐ ϴϴ ĐŽŶƐƚƌƵĐƚĞĚǁĞƚůĂŶĚƐϯϯ ĨŝůƚƌĂƚŝŽŶƚƌĞŶĐŚĞƐ ϯϯ ĨůŽĂƚŝŶŐƚƌĞĂƚŵĞŶƚǁĞƚůĂŶĚŝƐůĂŶĚƐϯϱ ŐƌŝƚĐŚĂŵďĞƌƐ ϭϬϭϬ ŝŶĨŝůƚƌĂƚŝŽŶƚƌĞŶĐŚĞƐϯϰϯϰ ŝŶƚĞƌŶĂůĞŶŐĞƌŐLJĚŝƐƐŝƉĂƚŽƌƐ ϯϯ ƉĞƌŵĞĂďůĞƉĂǀĞƌƐϯϯ ƉŽƌŽƵƐƉĂǀĞŵĞŶƚ ϴϴ ƌĂŝŶŐĂƌĚĞŶƐϱϳϲϯ ƌŽĐŬĐŚĞĐŬƐ ϰϰ ƐŵĂůůďĂƐŝŶƐϱϯϱϯ ƵŶĚĞƌŐƌŽƵŶĚĚĞƚĞŶƚŝŽŶ ϲϳ ŽƚŚĞƌ;Ğ͘Ő͕͘ƉƌŝǀĂƚĞůŝĨƚƐƚĂƚŝŽŶ͕ƵŶĚĞƌŐƌŽƵŶĚĐŝƐƚĞƌŶ͕ĞƚĐ͘Ϳϱϲ ŽƚŚĞƌŝƚLJ Ͳ ŽǁŶĞĚƐƚŽƌŵǁĂƚĞƌDWƐŝŶƐƉĞĐƚĞĚϯϲϰϴ йŽĨŽƚŚĞƌƐƚŽƌŵǁĂƚĞƌDWƐƚŚĂƚĂƌĞŝƚLJ Ͳ ŽǁŶĞĚϲϵϭϬϬ ŶĞǁ͕ƚƌŝĂůďĞƐƚŵĂŶĂŐĞŵĞŶƚƉƌĂĐƚŝĐĞƐ;DWƐͿŝŵƉůĞŵĞŶƚĞĚϯϬ ĚĞƐĐƌŝďĞ͗ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ ĨĞĞƚŽĨƐƚŽƌŵƐĞǁĞƌŝŶZŽĐŚĞƐƚĞƌ;ĂůůŽǁŶĞƌƐͿ͖сͺͺͺͺŵŝůĞƐϮ͕Ϯϳϯ͕ϴϯϯϮ͕Ϯϵϲ͕ϮϲϬ ŶƵŵďĞƌŽĨĂƐƐŽĐŝĂƚĞĚƐƚŽƌŵƐĞǁĞƌƐƚƌƵĐƚƵƌĞƐŝŶZŽĐŚĞƐƚĞƌ;ĂůůŽǁŶĞƌƐͿϯϯ͕ϯϬϮϯϯ͕Ϭϭϰ ŵĂŶŚŽůĞƐ ϴ͕ϭϮϳϴ͕ϮϭϬ ĐĂƚĐŚďĂƐŝŶƐϭϲ͕ϬϮϬϭϲ͕ϮϴϬ ďůŝŶĚƚŝĞƐ ϭ͕Ϭϭϰϭ͕ϭϮϱ ŝŶůĞƚƐϯ͕Ϯϰϲϯ͕ϰϴϴ ŽƵƚůĞƚƐ ϯ͕ϭϰϯϯ͕ϮϯϬ ŽƵƚĨĂůůƐϭ͕ϳϱϮϭ͕ϳϰϳ ϯŽĨϰ 3DFNHW3J (D ZŽĐŚĞƐƚĞƌΖƐ^ƚŽƌŵǁĂƚĞƌWĞƌŵŝƚZĞƉŽƌƚŽĨWƌŽŐƌĞƐƐĨŽƌϮϬϭϰ͗ΗLJƚŚĞEƵŵďĞƌƐΗ DŝŶŝŵƵŵŽŶƚƌŽůDĞĂƐƵƌĞϲͲ'ŽŽĚ,ŽƵƐĞŬĞĞƉŝŶŐĂŶĚWŽůůƵƚŝŽŶWƌĞǀĞŶƚŝŽŶϮϬϭϯϮϬϭϰ ŝƚLJĨĂĐŝůŝƚLJŝŶƐƉĞĐƚŝŽŶƐϭϲϮϮ ŝƚLJŽƉĞŶƐƉĂĐĞƐͬƉĂƌŬŝŶŐůŽƚƐŝŶƐƉĞĐƚĞĚϭϲϭϲ ƐŝƚĞƐǁŝƚŚĞdžƉŽƐĞĚƐƚŽĐŬƉŝůĞƐŽƌƐƚŽƌĂŐĞĂŶĚŵĂƚĞƌŝĂůŚĂŶĚůŝŶŐĂƌĞĂƐŝŶƐƉĞĐƚĞĚϴϴ ƐƚƌƵĐƚƵƌĂůƉŽůůƵƚŝŽŶĐŽŶƚƌŽůĚĞǀŝĐĞƐ;ĐĂƚĐŚďĂƐŝŶƐǁŝƚŚƐƵŵƉƐͿĐůĞĂŶĞĚϴϴ ĂŶŶƵĂůŝŶƐƉĞĐƚŝŽŶƐͬĚƌĂŝŶĐůĞĂŶŝŶŐͬƐǁĞĞƉŝŶŐŽĨϱƉĂƌŬŝŶŐƌĂŵƉƐďLJŝƚLJĐŽŶƚƌĂĐƚŽƌϱϱ ůĂŶĞŵŝůĞƐŽĨƐƚƌĞĞƚƐƐǁĞƉƚϭϮ͕ϳϬϭϭϭ͕ϲϲϮ 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Ğ͘/ƐƚƌĂŶƐŝƚŽƉĞƌĂƚĞĚŽƌƉůĂŶŶĞĚƚŽŽƉĞƌĂƚĞŝŶƚŚĞƉƌŽũĞĐƚĂƌĞĂ͍ zĞƐ͕ƐĞĞĐ͘ Ĩ͘/ĨLJĞƐ͕ǁŝůůƚŚĞƉƌŽũĞĐƚĂĐĐŽŵŵŽĚĂƚĞĂĐĐĞƐƐƚŽƚƌĂŶƐŝƚĨŽƌƚƌĂŶƐŝƚƵƐĞƌƐ͍ zĞƐ͕ƐĞĞĐ͘ ĞŵĂŶĚ Ő͘tŚĂƚƚƌŝƉŐĞŶĞƌĂƚŽƌƐ;ĞdžŝƐƚŝŶŐĂŶĚĨƵƚƵƌĞͿĂƌĞŝŶƚŚĞǀŝĐŝŶŝƚLJŽĨƚŚĞƉƌŽƉŽƐĞĚƉƌŽũĞĐƚƚŚĂƚ ŵŝŐŚƚĂƚƚƌĂĐƚƚƌĂŶƐŝƚĐƵƐƚŽŵĞƌƐ͕ǁĂůŬĞƌƐ͕ŽƌďŝŬĞƌƐ͍ƌĞƚŚĞƐĞĞŵƉůŽLJĞĞƐ͕ƐƚƵĚĞŶƚƐ͕ǀŝƐŝƚŽƌƐ ŽƌŽƚŚĞƌƐ͍ zĞƐ͕ƐĞĞĐ͘ ŽůůŝƐŝŽŶƐ Ś͘/ŶƚŚĞƉƌŽũĞĐƚĚĞƐŝŐŶ͕ŚĂǀĞLJŽƵĐŽŶƐŝĚĞƌĞĚĐŽůůŝƐŝŽŶƐŝŶǀŽůǀŝŶŐǀĞŚŝĐůĞƐ͕ƉĞĚĞƐƚƌŝĂŶƐĂŶĚ ďŝĐLJĐůŝƐƚƐĂůŽŶŐƚŚĞƌŽƵƚĞŽĨƚŚĞĨĂĐŝůŝƚLJ͍/ĨƐŽ͕ǁŚĂƚƌĞƐŽƵƌĐĞƐŚĂǀĞLJŽƵĐŽŶƐƵůƚĞĚ͍ zĞƐ͕/ĨƚŚĞƉƌŽũĞĐƚŝƐŶŽƚĐŽŶƐƚƌƵĐƚĞĚ͕ƚƌĂĨĨŝĐǁŝůůĐŚŽŽƐĞŽƚŚĞƌĐŽƌƌŝĚŽƌƐ͕ƚŚĞƌĞďLJ ŝŶĐƌĞĂƐŝŶŐĐŽŶŐĞƐƚŝŽŶĂŶĚĂĐĐŝĚĞŶƚƐŽŶƉĂƌĂůůĞůƌŽƵƚĞƐƐƵĐŚĂƐ^ƚƌŝĚŐĞƚƐZŽĂĚ͘ W>E^͕WK>// ^EWZK ^^ ///͘ WůĂŶƐ Ă͘ŽĂŶLJĂĚŽƉƚĞĚƉůĂŶƐĐĂůůĨŽƌƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƚƌĂŶƐŝƚĂĐĐĞƐƐŽƌƐĞƌǀŝĐĞ͕ƉĞĚĞƐƚƌŝĂŶ͕Žƌ 3DFNHW3J )F ďŝĐLJĐůĞĨĂĐŝůŝƚŝĞƐŽŶ͕ĐƌŽƐƐŝŶŐ͕ŽƌĂĚũĂĐĞŶƚƚŽƚŚĞƉƌŽƉŽƐĞĚĨĂĐŝůŝƚLJͬƉƌŽũĞĐƚ͍/ĨLJĞƐ͕ůŝƐƚƚŚĞ ĂƉƉůŝĐĂďůĞƉůĂŶ;ƐͿĂŶĚƐĞĐƚŝŽŶ;ƐͿ͘ zĞƐ͕ZŽĐŚĞƐƚĞƌƌĞĂŝĐLJĐůĞDĂƐƚĞƌWůĂŶĨŽƌƉĞƌŝŵĞƚĞƌƌŽƵƚĞƐ͘ 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'ƵŝĚĞĨŽƌƚŚĞĞǀĞůŽƉŵĞŶƚŽĨŝĐLJĐůĞ&ĂĐŝůŝƚŝĞƐ'ƵŝĚĞĨŽƌƚŚĞWůĂŶŶŝŶŐ͕ ĞƐŝŐŶ͕ĂŶĚKƉĞƌĂƚŝŽŶŽĨWĞĚĞƐƚƌŝĂŶ&ĂĐŝůŝƚŝĞƐ x DŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨdƌĂŶƐƉŽƌƚĂƚŝŽŶ ŝŬĞǁĂLJ&ĂĐŝůŝƚLJĞƐŝŐŶDĂŶƵĂů x EĂƚŝŽŶĂůƐƐŽĐŝĂƚŝŽŶŽĨŝƚLJdƌĂŶƐƉŽƌƚĂƚŝŽŶKĨĨŝĐŝĂůƐ;EdKͿ hƌďĂŶŝŬĞǁĂLJĞƐŝŐŶ 'ƵŝĚĞ Ő͘ƌĞƚŚĞƌĞĂŶLJĐŝƚLJ͕ĐŽƵŶƚLJ͕ƐƚĂƚĞŽƌĨĞĚĞƌĂůƉŽůŝĐŝĞƐƚŚĂƚĐĂůůĨŽƌŝŶĐŽƌƉŽƌĂƚŝŶŐƚƌĂŶƐŝƚƵƐĞƌƐ͕ ƉĞĚĞƐƚƌŝĂŶĂŶĚͬŽƌďŝĐLJĐůĞĨĂĐŝůŝƚŝĞƐŝŶƚŽƚŚŝƐƉƌŽũĞĐƚ͍/ĨƐŽǁŚĂƚĂƌĞƚŚĞLJĂŶĚŚĂǀĞƚŚĞƐĞ zĞƐƐĞĞ ƉŽůŝĐĞƐďĞĞŶĨŽůůŽǁĞĚ͍ Ś͘ŽĞƐƚŚĞƉƌŽũĞĐƚŵĞĞƚƐƚƌĞĞƚ͕ǀĞŚŝĐůĞ͕ƚƌĂŶƐŝƚ͕ƉĞĚĞƐƚƌŝĂŶĂŶĚͬŽƌďŝĐLJĐůĞĨĂĐŝůŝƚLJĂƉƉůŝĐĂďůĞ zĞƐƐĞĞ ĚĞƐŝŐŶƐƚĂŶĚĂƌĚƐŽƌŐƵŝĚĞůŝŶĞƐ͍/ĨŶŽƚ͕ƉůĞĂƐĞĞdžƉůĂŝŶǁŚLJ͘ ŝ͘/ĨƚŚĞƌĞŚĂǀĞďĞĞŶĂŶLJƐƚĂŬĞŚŽůĚĞƌŽƌƉƵďůŝĐŵĞĞƚŝŶŐƐĚƵƌŝŶŐǁŚŝĐŚƚŚĞƉƌŽƉŽƐĞĚƉƌŽũĞĐƚ ŚĂƐďĞĞŶĚŝƐĐƵƐƐĞĚ͕ǁŚĂƚĐŽŵŵĞŶƚƐŚĂǀĞďĞĞŶŵĂĚĞƌĞŐĂƌĚŝŶŐĨĞĂƚƵƌĞƐĨŽƌĂůůŵŽĚĞƐŽĨ zĞƐďŽƚŚƚŚĞŶĞŝŐŚďŽƌŚŽŽĚĂŶĚƚŚĞĐŽƵŶĐŝůƌĞƉĂƌĞŝŶĂŐƌĞĞŵĞŶƚǁŝƚŚƚŚĞϰͲůĂŶĞ ƚƌĂǀĞů͍ ůĂLJŽƵƚ͕ĚĞůĂLJŝŶŐƚŚĞďŝŬĞůĂŶĞŵĂƌŬŝŶŐƵŶƚŝůĂĨƵƚƵƌĞĚĂƚĞ͘ /s͘d, WZK: d WƌŽũĞĐƚ^ĐŽƉĞ Ă͘tŚĂƚĨĞĂƚƵƌĞƐ͕ŝĨĂŶLJ͕ĂƌĞŝŶĐůƵĚĞĚĨŽƌƚƌĂĨĨŝĐĐĂůŵŝŶŐ͕ƉůĂĐĞͲŵĂŬŝŶŐ͕ƚƌĂŶƐŝƚŽƉĞƌĂƚŝŽŶƐ͕ 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>ĂŶĚhƐĞWůĂŶŵĞŶĚŵĞŶƚηZϮϬϭϰ Ͳ ϬϬϴ>hW͕ŽŶŝŶŐŝƐƚƌŝĐƚŵĞŶĚŵĞŶƚηZϮϬϭϰ Ͳ ϬϭϲĂŶĚ'ĞŶĞƌĂů ĞǀĞůŽƉŵĞŶƚWůĂŶZϬϬϯϭϱ'WďLJWĂƵůDĞŝĞƌ͘dŚĞĂƉƉůŝĐĂŶƚŚĂƐƉƌŽƉŽƐĞĚƚŽĐŚĂŶŐĞƚŚĞůĂŶĚƵƐĞ ĚĞƐŝŐŶĂƚŝŽŶŽŶϲ͘ϮϭĂĐƌĞƐĨƌŽŵ͞ůŽǁĚĞŶƐŝƚLJƌĞƐŝĚĞŶƚŝĂů͟ƚŽ͞ĐŽŵŵĞƌĐŝĂů͟ĂŶĚŽŶϰϬ͘ϴϯĂĐƌĞƐĨƌŽŵ ͞ůŽǁĚĞŶƐŝƚLJƌĞƐŝĚĞŶƚŝĂů͟ƚŽ͞ŵĞĚŝƵŵĚĞŶƐŝƚLJƌĞƐŝĚĞŶƚŝĂů͘͟ZĞ Ͳ njŽŶĞϲ͘ϮϭĂĐƌĞƐĨƌŽŵƚŚĞZ Ͳ ϭy;ŵŝdžĞĚ ƐŝŶŐůĞĨĂŵŝůLJĞdžƚƌĂͿƚŽƚŚĞͲ ϭ;ƌĞƐƚƌŝĐƚĞĚĐŽŵŵĞƌĐŝĂůͿĚŝƐƚƌŝĐƚƐĂŶĚϰϬ͘ϴϯĂĐƌĞƐƚŽZ Ͳ ϯ;ŵĞĚŝƵŵĚĞŶƐŝƚLJ ƌĞƐŝĚĞŶƚŝĂůͿĚŝƐƚƌŝĐƚ͘'ĞŶĞƌĂůĞǀĞůŽƉŵĞŶƚWůĂŶĚĞƐŝŐŶĂƚĞƐƚŚĞĐŽŵŵĞƌĐŝĂůĂƌĞĂĂŶĚƌĞƐŝĚĞŶƚŝĂů ĚĞŶƐŝƚŝĞƐ͘dŚĞƉƌŽƉĞƌƚLJŝƐůŽĐĂƚĞĚĂůŽŶŐƚŚĞƐŽƵƚŚƐŝĚĞŽĨŽƵŶƚƌLJůƵďZŽĂĚ͕ĂůŽŶŐƚŚĞĞĂƐƚƐŝĚĞŽĨ ƚŚ ϰϱ^ƚƌĞĞƚ^tĂŶĚǁĞƐƚŽĨtĞƐƚŝƌĐůĞƌŝǀĞ͘ Dƌ͘dũŽƐƐĞŵƉƌĞƐĞŶƚĞĚƚŚĞƐƚĂĨĨƌĞƉŽƌƚ͕ĚĂƚĞĚƉƌŝůϭϱ͕ϮϬϭϱ͕ƚŽƚŚĞŽŵŵŝƐƐŝŽŶ͘dŚĞƐƚĂĨĨƌĞƉŽƌƚŝƐŽŶ ĨŝůĞĂƚƚŚĞZŽĐŚĞƐƚĞƌ Ͳ KůŵƐƚĞĚWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚ͘ DƐ͘tŝůƐŽŶĂƐŬĞĚĨŽƌĐůĂƌŝĨŝĐĂƚŝŽŶŝŶĂĐƌĞƐ͘ Dƌ͘dũŽƐƐĞŵŶŽƚĞĚƚŚĞŝŶĐůƵƐŝŽŶŽĨƚŚĞƌŝŐŚƚ Ͳ ŽĨ Ͳ ǁĂLJĨŽƌĐĂůĐƵůĂƚŝŶŐ͘ 3DFNHW3J )E 3DJH &LW\3ODQQLQJDQG=RQLQJ&RPPLVVLRQ0LQXWHV+HDULQJ'DWH $SULO Dƌ͘'ŽŽĚĞŶďĞƌŐĞƌĂƐŬĞĚĂďŽƵƚƚŚĞůĞƚƚĞƌŽĨŵĂƉƌĞǀŝƐŝŽŶ͘ Dƌ͘dũŽƐƐĞŵŶŽƚĞĚƚŚĞƌŽĂĚǁĂLJůŽĐĂƚŝŽŶ͖ƚŚĞƉƌŽĐĞĚƵƌĞŽĨďƌŝŶŐŝŶŐŝŶĨŝůů͖ƚŚĞĂƉƉůŝĐĂŶƚŚĂƐĐŚĂŶŐĞĚƚŚĞ ƌŽĂĚ͖ĐŚĂŶŐĞƐŝŶƚŚĞĚĞŶƐŝƚLJ͖ĂŶĚƚŚĞůĂLJŽƵƚŽĨƚŚĞŐĞŶĞƌĂůĚĞǀĞůŽƉŵĞŶƚƉůĂŶ͘ Dƌ͘'ŽŽĚĞŶďĞƌŐĞƌŽƉĞŶĞĚƚŚĞƉƵďůŝĐŚĞĂƌŝŶŐ͘ Dƌ͘ŝůůdŽŝŶƚŽŶ͕ĐŽŶƐƵůƚĂŶƚ͕t^ʹDĐ'ŚŝĞΘĞƚƚƐ/ŶĐ͘ϭϲϰϴdŚŝƌĚǀĞŶƵĞ^ ͕ZŽĐŚĞƐƚĞƌDEϱϱϵϬϰ͕ ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘;ƐůŝĚĞƐŚŽǁƉƌĞƐĞŶƚĂƚŝŽŶŽŶĨŝůĞĂƚƚŚĞZŽĐŚĞƐƚĞƌ Ͳ KůŵƐƚĞĚWůĂŶŶŝŶŐ ĞƉĂƌƚŵĞŶƚͿ,ĞŶŽƚĞĚƚŚĞƐƚƵĚLJŚĂƐďĞĞŶĐŽŵƉůĞƚĞĚƐŽƚŚĞƉůĂŶƐŚŽǁƐǁŚĂƚĂƌĞĂĐĂŶďĞĚĞǀĞůŽƉŵĞŶƚ͖ ĐƵƌƌĞŶƚƌĂŝŶĨĂůůĚĞƐŝŐŶĂƚŝŽŶƐŚĂǀĞďĞĞŶƵƐĞĚĨŽƌĐĂůĐƵůĂƚŝŽŶƐ͖ĂŶĚEZŚĂƐƌĞǀŝĞǁĞĚƚŚĞƉƌŽũĞĐƚ͘,Ğ ƌĞǀŝĞǁĞĚƚŚĞĂƐƉĞĐƚƐŽĨƚŚĞƉƌŽũĞĐƚŝŶƌĞůĂƚŝŽŶƚŽƚŚĞĨůŽŽĚǁĂLJůŝŵŝƚƐ͖ĚĞǀĞůŽƉŝŶŐƚŚĞϯϴ͘ĐƌĞƐ͖ĂĐĐĞƐƐ ƉŽŝŶƚƐĐŽŵŝŶŐĂŶĚŐŽŝŶŐĨƌŽŵƚŚĞƉƌŽƉĞƌƚLJ͖ƌĞ Ͳ njŽŶŝŶŐƉƌŽƉŽƐĞĚ͖ĂŶĚĂƐƉĞĐƚƐŽĨƚŚĞ>ĂŶĚhƐĞWůĂŶ ŵĞŶĚŵĞŶƚ͘ DƐ͘DĞĞŬĂƐŬĞĚĂďŽƵƚƚŚĞŐƌŽƵŶĚǁĂƚĞƌƐůĞǀĞůŽŶƚŚĞƉƌŽƉĞƌƚLJ͘ Dƌ͘:ĞĨĨƌŽďĞƌŐ͕ĐŽŶƐƵůƚĂŶƚ͕t^Ͳ DĐ'ŚŝĞΘĞƚƚƐ/ŶĐ͘ϭϲϰϴdŚŝƌĚǀĞŶƵĞ^ ͕ZŽĐŚĞƐƚĞƌDEϱϱϵϬϰ͘,Ğ ƐƚĂƚĞĚƚŚĞŐƌŽƵŶĚǁĂƚĞƌůĞǀĞůƐĂƌĞƚŚĞƐĂŵĞĂƐƚŚĞĨůŽŽĚǁĂLJ͘ Dƌ͘dŽŝŶƚŽŶĐŽŶƚŝŶƵĞĚŚŝƐƉƌĞƐĞŶƚĂƚŝŽŶǁŝƚŚƚŚĞůĂLJŽƵƚŽĨƚŚĞƉƌŽƉŽƐĞĚnjŽŶĞĐŚĂŶŐĞƐďĞŝŶŐŚĞĂƌĚ͘,Ğ ŶŽƚĞĚƚŚĞƉƌŽũĞĐƚŵĞĞƚƐƚŚĞůŽĐĂƚŝŽŶĂůĐƌŝƚĞƌŝĂ͖ŵĞĞƚŝŶŐƚŚĞƉŽůŝĐŝĞƐĂŶĚŐŽĂůƐŽĨƚŚĞŚŽƵƐŝŶŐƉůĂŶ͖ njŽŶŝŶŐŽƌĚŝŶĂŶĐĞĐƌŝƚĞƌŝĂ͖ĂůůŽĨƚŚĞĐŽŶĚŝƚŝŽŶƐŝŶƚŚĞ'WĂƌĞƌĞůĂƚĞĚƚŽƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶĂŶĚƉůĂƚĞdžĐĞƉƚ ŽŶĚŝƚŝŽŶEŽ͘ϵƐŚŽǁŝŶŐǁŚŝĐŚǁŝůůďĞĐŽŵƉůŝĞĚǁŝƚŚ͖ĂŶĚĂƐŬĞĚĨŽƌƚŚĞƌŝŐŚƚƚŽĂŶƐǁĞƌƋƵĞƐƚŝŽŶƐďLJƚŚĞ ƉƵďůŝĐ͘ Dƌ͘'ŽŽĚĞŶďĞƌŐĞƌĂƐŬĞĚĂďŽƵƚƌĞĐŽŵŵĞŶĚĂƚŝŽŶƚŚĂƚŝƐƉĞŶĚŝŶŐǁŝƚŚƚŚĞEZ͖ǁŚĂƚŚĂƉƉĞŶƐŝĨƚŚĞLJ ĚŽŶ͛ƚĂƉƉƌŽǀĞ͘ Dƌ͘dŽŝŶƚŽŶŶŽƚĞĚƚŚĞǁŽƌƐĞ Ͳ ĐĂƐĞƐĐĞŶĂƌŝŽǁŽƵůĚďĞƚŚĞŶĞĞĚĨŽƌŵŽƌĞĨůŽŽĚŵŝƚŝŐĂƚŝŽŶĂƌĞĂ͘ Dƌ͘:ŽŚŶtĂĚĞ͕ƌĞƐŝĚŝŶŐĂƚϰϮϮϵĞƌŬƐŚŝƌĞZŽĂĚ^t͕ZŽĐŚĞƐƚĞƌDEϱϱϵϬϮ͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘ ,ĞǁĂƐĐŽŶĐĞƌŶĞĚĂďŽƵƚƋƵĞƐƚŝŽŶƐŽŶƚŚĞƉƌŽũĞĐƚǁŚŝĐŚĂƌĞƵŶĂŶƐǁĞƌĞĚ͖ŚĞĂƐŬĞĚǁŚLJĂƐƉĞĐŝĂůĚŝƐƚƌŝĐƚ ĐŽƵůĚŶŽƚďĞĂŶŽƉƚŝŽŶĨŽƌƚŚĞĂƌĞĂ͖ƌĞĐŽŵŵĞŶĚĞĚƚŚĞŽŵŵŝƐƐŝŽŶƚŽĐŽŶƚŝŶƵĞƚŚĞƉƌŽũĞĐƚƵŶƚŝůĂŶ ĂŶƐǁĞƌŝƐƌĞĐĞŝǀĞĚĨƌŽŵƚŚĞEZ͘ Dƌ͘:ŝŵ^ĞǁĂƌĚ͕ƌĞƐŝĚĞƐĂƚϰϮϯϱĞƌŬƐŚŝƌĞZŽĂĚ^t͕ZŽĐŚĞƐƚĞƌDEϱϱϵϬϮ͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘ ,ĞĞdžƉƌĞƐƐĞĚĐŽŶĐĞƌŶǁŝƚŚƚŚĞŝŶĂĚĞƋƵĂĐŝĞƐŽĨƚŚĞƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚ͖ŚĞǁŽƵůĚůŝŬĞƚŽƐĞĞƚŚĞ EZ͕ƚŚĞĚĞǀĞůŽƉĞƌ͕ĂŶĚƚŚĞŶĞŝŐŚďŽƌŚŽŽĚƐŝƚĚŽǁŶĂŶĚĚŝƐĐƵƐƐŝŽŶƚŚĞŽƉƚŝŽŶƐĨŽƌƚŚĞƉƌŽƉĞƌƚLJ͘ Dƌ͘>ĞŝŐŚ:ŽŚŶƐŽŶ͕ƌĞƐŝĚĞƐĂƚϰϭϵϭĞƌŬƐŚŝƌĞZŽĂĚ^t͕ZŽĐŚĞƐƚĞƌDEϱϱϵϬϮ͕ĂĚĚƌĞƐƐĞĚƚŚĞ ŽŵŵŝƐƐŝŽŶ͘,ĞƐƚĂƚĞĚŚŝƐĐŽŶĐĞƌŶǁĂƐǁŝƚŚƚŚĞǁĞƚĂƌĞĂƐŽĨƚŚĞƉƌŽƉĞƌƚLJ͖ƚŚĞǁĂƚĞƌďĂƐŝŶƐŽŶƚŚĞĞĂƐƚ ĞŶĚŽĨƚŚĞƉƌŽƉĞƌƚLJďĞŝŶŐĨŝůůĞĚ͖ĂŶĚŽŶĐĞƚŚĞƉƌŽƉĞƌƚLJŝƐnjŽŶĞĚZ Ͳ ϯŝƚŝƐĚŝĨĨŝĐƵůƚƚŽĐŚĂŶŐĞĂŐĂŝŶ͘ Dƌ͘DĂƚƚWƵĨĨĞƌ͕ƌĞƐŝĚĞƐĂƚϰϬϱϯĞƌŬƐŚŝƌĞZŽĂĚ^t͕ZŽĐŚĞƐƚĞƌDEϱϱϵϬϮ͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘ ,ĞĞdžƉƌĞƐƐĞĚŚŝƐĐŽŶĐĞƌŶǁŝƚŚƚŚĞƉƌŽƉŽƐĞĚŵŝƚŝŐĂƚŝŽŶŽĨƚŚĞƉƌŽƉĞƌƚLJĂŶĚƚŚĞůĂĐŬŽĨƐŽŝůďŽƌŝŶŐƐďĞŝŶŐ ƚĂŬĞŶ͖ƚŚĞĞŶƚŝƌĞƉƌŽƉĞƌƚLJŝƐŝŶĂĨůŽŽĚƉůĂŝŶĂƌĞĂ͖ƚŚĞĐŽŵŵƵŶŝĐĂƚŝŽŶŽĨƚŚĞĚĞǀĞůŽƉĞƌǁŝƚŚƚŚĞ ŶĞŝŐŚďŽƌŚŽŽĚŶŽƚŝĨŝĐĂƚŝŽŶŽĨĂŵĞĞƚŝŶŐŚĂƐďĞĞŶŶŽƚƚĂŬĞŶƉůĂĐĞ͕ŽŶůLJĂĨĞǁƉĂƌƚŝĞƐŵĞƚƉƌŝǀĂƚĞůLJ͖ŚĞ 3DFNHW3J )E 3DJH &LW\3ODQQLQJDQG=RQLQJ&RPPLVVLRQ0LQXWHV+HDULQJ'DWH $SULO ŶŽƚĞĚƚŚĞƌĞŚĂƐďĞĞŶƚŚĞƌĞĐŽŵŵĞŶĚĂƚŝŽŶƚŽƚŚĞĚĞǀĞůŽƉĞƌĨŽƌĂƐƉĞĐŝĂůĚŝƐƚƌŝĐƚ͖ĞdžƉƌĞƐƐĞĚĐŽŶĐĞƌŶƐ ǁŝƚŚƚŚĞĨůŽŽĚŝŶŐǁŚŝĐŚŽĐĐƵƌƐŝŶƚŚĞĂƌĞĂĂŶĚŚŽǁƚŚŝƐƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚǁŝůůĂĨĨĞĐƚĨůŽǁƐ͘ DƐ͘DĞĞŬŵĂĚĞƚŚĞŵŽƚŝŽŶĨŽƌĂϱ Ͳ ŵŝŶƵƚĞƌĞĐĞƐƐ͘Dƌ͘^ŝŵƐƐĞĐŽŶĚĞĚ͘dŚĞŵŽƚŝŽŶĐĂƌƌŝĞĚ ƵŶĂŶŝŵŽƵƐůLJ͘ Dƌ͘'ŽŽĚĞŶďĞƌŐĞƌĐĂůůĞĚƚŚĞŵĞĞƚŝŶŐďĂĐŬƚŽŽƌĚĞƌĂƚϳ͗ϮϱƉŵ͘ DƐ͘ ǀĞZŝĐŚĞƌ͕ƌĞƐŝĚŝŶŐĂƚϰϱϱϲ>ŽŽŬŽƵƚWůĂĐĞEt͕ZŽĐŚĞƐƚĞƌDEϱϱϵϬϭ͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘ ^ŚĞĞdžƉƌĞƐƐĞĚĐŽŶĐĞƌŶǁŝƚŚƚŚĞƵƐĞŽĨƚŚĞůĂŶĚ͕ŝƐĚĞǀĞůŽƉŵĞŶƚƚŚĞďĞƐƚƵƐĞŽĨƚŚĞƉƌŽƉĞƌƚLJ͖ƐŚĞǁŽƵůĚ ƉƌŽƉŽƐĞĚĂƐŐƌĞĞŶƐƉĂĐĞ͖ƵƐĞƚŽŚĞůƉƌĞŝŶƐƚŝƚƵƚĞǁĞƚůĂŶĚƐ͖ŝĨƚŚĞƌĞĚĞǀĞůŽƉŵĞŶƚŝƐŶĞĐĞƐƐĂƌLJƐŚĞǁŽƵůĚ ďĞŝŶĨĂǀŽƌŽĨƚŚĞƐƉĞĐŝĂůĚŝƐƚƌŝĐƚŽƉƚŝŽŶ͘ Dƌ͘'ƌĞŐdŚŽŵƉƐŽŶ͕ƌĞƐŝĚŝŶŐĂƚϯϳϰϳĞƌŬƐŚŝƌĞƌŝǀĞ^t͕ZŽĐŚĞƐƚĞƌ͕DEϱϱϵϬϮ͕ĂĚĚƌĞƐƐĞĚƚŚĞ ĐŽŵŵŝƐƐŝŽŶ͘,ĞĞdžƉƌĞƐƐĞĚĐŽŶĐĞƌŶǁŝƚŚƚŚĞĨůŽŽĚƐƚƵĚLJďĞŝŶŐĚŽŶĞĐŽŵƉůĞƚĞůLJĂŶĚĐŽƌƌĞĐƚůLJ͖ĂŶĚŚĞ ŶŽƚĞĚƚŚĞŽƌŝŐŝŶĂůƌĞĐŽŵŵĞŶĚĂƚŝŽŶďLJƚŚĞƐƚĂĨĨǁĂƐĚĞŶŝĂů͕ĂŶĚƚŚĞŶĂƐŬĞĚǁŚLJƚŚŝƐƌĞĐŽŵŵĞŶĚĂƚŝŽŶ ŚĂƐĐŚĂŶŐĞĚ͖ŚŝƐƌĞĐŽŵŵĞŶĚĂƚŝŽŶǁĂƐƵŶƚŝůƚŚĞĚĞĐŝƐŝŽŶĨƌŽŵƚŚĞEZŝƐƌĞĐĞŝǀĞĚƚŚĞŽŵŵŝƐƐŝŽŶ ƐŚŽƵůĚŶŽƚŵĂŬĞĂƌĞĐŽŵŵĞŶĚĂƚŝŽŶ͘ Dƌ͘'ŽŽĚĞŶďĞƌŐĞƌŶŽƚĞĚƚŚĞƌŽĂĚǁĂLJůŽĐĂƚŝŽŶĂŶĚƐƚŽƌŵǁĂƚĞƌƉŽŶĚƐŚĂǀĞĐŚĂŶŐĞĚ͕ƐŽƚŚĞ ƌĞĐŽŵŵĞŶĚĂƚŝŽŶŚĂƐďĞĞŶƌĞǀŝƐĞĚ͘ Dƌ͘'ĂƌLJDĞƵůůĞƌ͕ƌĞƐŝĚŝŶŐĂƚϯϵϰϯĞƌŬƐŚŝƌĞZŽĂĚ^t͕ZŽĐŚĞƐƚĞƌDEϱϱϵϬϮ͕ĂĚĚƌĞƐƐĞĚƚŚĞ ŽŵŵŝƐƐŝŽŶ͘,ĞƌĞĐŽŵŵĞŶĚƐƚŚĞŽŵŵŝƐƐŝŽŶƚŽŚŽůĚŽĨĨƵŶƚŝůĂĚĞĐŝƐŝŽŶŝƐƌĞĐĞŝǀĞĚďLJEZ͖ĂŶĚƚŚĞ ĐŽŶĐĞƉƚŽĨƚŚĞŶŽƚŝĨŝĐĂƚŝŽŶƉƌŽĐĞƐƐďLJƚŚĞWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚŶĞĞĚƐƚŽďĞůŽŽŬĞĚƚŽƌĞĂĐŚĂĚĚŝƚŝŽŶĂů ĂĨĨĞĐƚĞĚƉĂƌƚŝĞƐ͘ ƚŚ Dƌ͘:ĞĨĨ,ŽĂŐ͕ƌĞƐŝĚŝŶŐĂƚϲϭϳϰϰǀĞŶƵĞŽƵƌƚ^t͕ZŽĐŚĞƐƚĞƌ͕DEϱϱϵϬϮ͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘ ,ĞƐƚĂƚĞĚƚŚŝƐĂƌĞĂŝƐŶŽƚďƵŝůĚĂďůĞĂƌĞĂďĞĐĂƵƐĞŽĨƚŚĞĨůŽŽĚŝŶŐǁŚŝĐŚĐĂŶŽĐĐƵƌ͖ĂŶĚŝŶƉĂƐƚĚĞĐŝƐŝŽŶƐ ŚĂǀĞďĞĞŶŵĂĚĞďĞĐĂƵƐĞŽĨƚŚĞĨůŽŽĚŝŶŐƚŚĂƚŽĐĐƵƌƐ͘ Dƌ͘:ŝŵ^ĞǁĂƌĚ͕ƌĞƐŝĚĞƐĂƚϰϮϯϱĞƌŬƐŚŝƌĞZŽĂĚ^t͕ZŽĐŚĞƐƚĞƌDEϱϱϵϬϭ͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘ ,ĞĞdžƉƌĞƐƐĞĚƚŚĞŶĞĞĚĨŽƌĂŶƐǁĞƌƐŽĨƋƵĞƐƚŝŽŶƐďĞĨŽƌĞƚŚĞŽŵŵŝƐƐŝŽŶŵĂŬĞƐĂĚĞĐŝƐŝŽŶŽŶƚŚĞ ƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚ͘ Dƌ͘:ĞĨĨƌŽďĞƌŐ͕ĐŽŶƐƵůƚĂŶƚ͕ůŽĐĂƚĞĚĂƚt^Ͳ DĐ'ŚŝĞΘĞƚƚƐ͕ϭϲϰϴdŚŝƌĚǀĞŶƵĞ^ ͕ZŽĐŚĞƐƚĞƌDE ϱϱϵϬϰ͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘,ĞĞdžƉůĂŝŶĞĚƚŚĞƉƌŽĐĞƐƐďLJǁŚŝĐŚĂEZƉƌŽũĞĐƚŝƐƚĂŬĞŶ͖ŚĞŐĂǀĞĂ ĚĞƚĂŝůĞĚŚŝƐƚŽƌLJŽĨƚŚĞƉƌŽƉĞƌƚLJĨƌŽŵǁŚĞŶƚŚĞƌĞǁĂƐĂŐŽůĨĐŽƵƌƐĞƉƌĞƐĞŶƚ͖ƚŽŐŽŝŶŐƚŽƚŚĞŝƚLJĂŶĚƚŚĞ EZĨŽƌƉŽƐƐŝďůĞŽǁŶĞƌƐŚŝƉŽĨĐƌĞĂƚŝŶŐĂŶŽƉĞŶƐƉĂĐĞ͖ĂŶĚŚĞĂƐŬĞĚƚŚĞŽŵŵŝƐƐŝŽŶĨŽƌĂƉƉƌŽǀĂůŽĨƚŚĞ ĚĞǀĞůŽƉŵĞŶƚĂƉƉůŝĐĂƚŝŽŶƐ͘ Dƌ͘'ŽŽĚĞŶďĞƌŐĞƌĂƐŬĞĚĨŽƌĐůĂƌŝĨŝĐĂƚŝŽŶŽŶĂŵĞŵŽƌĞŐĂƌĚŝŶŐƚŚĞ>KDZ͘ Dƌ͘ƌŽďĞƌŐŶŽƚĞĚƚŚĞŵĞŵŽƐƚĂƚĞƐŝĨƚŚĞEZĐŽŵĞƐďĂĐŬǁŝƚŚĂĚĞĐŝƐŝŽŶƚŚĞƌĞĂŶLJƚŚŝŶŐŽƚŚĞƌƚŚĂŶŶŽ ŶĞƚƌŝƐĞƚŚĞŶƚŚĞĨůŽŽĚƉůĂŝŶǁŽƵůĚŚĂǀĞƚŽďĞĐŚĂŶŐĞĚ͘dŚĞŶĂ>KDZǁŽƵůĚďĞŶĞĞĚĞĚ͖ƚŚĞLJĂƌĞ ĐŽŵŵŝƚƚŝŶŐƚŽĂŶŽŶĞƚ Ͳ ƌŝƐĞ͘ Dƌ͘^ŝŵƐĂƐŬĞĚĂďŽƵƚƚŚĞĚĞůĂLJƐĂŶĚĐŽŶƚĞŶƚŝŽŶƐƌĞůĂƚŝŽŶƐǁŝƚŚƚŚĞŶĞŝŐŚďŽƌƐ͖ŚĞĞdžƉƌĞƐƐĞĚƚŚĞ ĐŽŶĐĞƌŶŽĨƐƚŝůůƵŶĂŶƐǁĞƌĞĚƋƵĞƐƚŝŽŶƐĂŶĚŝŶƋƵŝƌĞĚŝŶƚŽƚŚĞůĞƚƚĞƌĨƌŽŵƚŚĞEZĂƐĞdžƉĞƌƚƐ͘ 3DFNHW3J )E 3DJH &LW\3ODQQLQJDQG=RQLQJ&RPPLVVLRQ0LQXWHV+HDULQJ'DWH $SULO Dƌ͘ƌŽďĞƌŐƌĞǀŝĞǁĞĚƚŚĞƚŝŵĞůŝŶĞŽĨƚŚĞƌĞƋƵĞƐƚĨŽƌĚĞůĂLJƚŚĞŶďĞŝŶŐĚĞŶŝĞĚ͖ŚĞƚŚĞŶŶŽƚĞĚƚŚĞEZ ŵŽĚĞůǁĂƐŶŽƚĂǀĂŝůĂďůĞĨŽƌƚŚĞŵƚŽŵŽǀĞŽŶůLJďLJƚŚĞŝƌŽǁŶ͖ŚĞŶŽƚĞĚƚŚĞŵŽĚĞůŝƐŶŽǁĐŽŵƉůĞƚĞĚ ƐŚŽǁŝŶŐĨůŽŽĚŵŝƚŝŐĂƚŝŽŶĂŶĚƚŚĞĐƌŝƚĞƌŝĂƚŚĞLJĂƌĞďƌŝŶŐŝŶŐĨŽƌǁĂƌĚŝƐďĞŝŶŐŵĞƚǁŚŝĐŚŝƐƐĞƚďLJƚŚĞEZ͘ ŝƐĐƵƐƐŝŽŶĂŵŽŶŐƚŚĞŽŵŵŝƐƐŝŽŶĞŶƐƵĞĚƌĞŐĂƌĚŝŶŐƚŚĞůĂĐŬŽĨŶŽƚƌĞĐĞŝǀŝŶŐĂŶŽĨĨŝĐŝĂůĂƉƉƌŽǀĂůďLJƚŚĞ EZ͕ŽƌŝƐƐŝŵƉůLJŚĂǀŝŶŐƚŚĞEZĨůŽŽĚƉůĂŝŶŵŽĚĞůƐŚŽǁŝŶŐƚŚĞĚĞǀĞůŽƉŵĞŶƚŶŽƚŚĂǀŝŶŐĂŶLJŝŵƉĂĐƚ ǁŝƚŚŝŶƚŚĞĨůŽŽĚǁĂLJnjŽŶĞĂĚĞƋƵĂƚĞ͘ DƐ͘DĞĞŬĂƐŬĞĚŝĨƚŚĞEZŚĂƐĂƚŝŵĞůŝŶĞŽƌĨƵŶĚŝŶŐŝƐƉƵůůĞĚŚŽǁƚŚŝƐǁŽƵůĚĂĨĨĞĐƚƚŚĞƉƌŽũĞĐƚ͘ Dƌ͘ƌŽďĞƌŐŶŽƚĞĚƚŚĞEZǁĂŶƚƐƚŽĚŽƚŚĞŝƌǁŽƌŬŝŶƚŚĞĨĂůůŽƌĚƵƌŝŶŐƚŚĞǁŝŶƚĞƌǁŝƚŚůŽǁĨůŽǁƐ͖ƚŚĞ EZŝƐƉƌĞƉĂƌŝŶŐĚŽĐƵŵĞŶƚƐ͖ĨƵŶĚŝŶŐŝƐƐĞĐƵƌĞĚƚŚƌŽƵŐŚ:ƵůLJŽĨϮϬϭϲ͖ƚŚĞƌĞĂƌĞŵĂŶLJƉƌŽũĞĐƚƐǁŚŝĐŚĂƌĞ 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ƌĞƐŝĚĞŶƚŝĂů͟ƚŽ͞ŵĞĚŝƵŵĚĞŶƐŝƚLJƌĞƐŝĚĞŶƚŝĂů͟ŝƐĂƉƉƌŽǀĞĚ͕ƌĞnjŽŶŝŶŐϰϬ͘ϴϯĂĐƌĞƐŽĨůĂŶĚƚŽZ Ͳ ϯ ;DĞĚŝƵŵĞŶƐŝƚLJZĞƐŝĚĞŶƚŝĂůͿǁŽƵůĚďĞĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞ͞ŵĞĚŝƵŵĚĞŶƐŝƚLJƌĞƐŝĚĞŶƚŝĂů͟ ůĂŶĚƵƐĞĚĞƐŝŐŶĂƚŝŽŶ͘/ĨƚŚĞ>ĂŶĚhƐĞWůĂŶĂŵĞŶĚŵĞŶƚŝƐŶŽƚĂƉƉƌŽǀĞĚ͕ƚŚĞƉƌŽƉŽƐĞĚ ƌĞnjŽŶŝŶŐǁŽƵůĚďĞŝŶĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞ>ĂŶĚhƐĞWůĂŶ͘ ϭͿdŚĞĐƌŝƚĞƌŝĂŽĨƚŚŝƐƐƵďĚŝǀŝƐŝŽŶĂůƐŽĂƉƉůLJƚŽƚŚŽƐĞĂŵĞŶĚŵĞŶƚƐƚŽƚŚĞnjŽŶŝŶŐŵĂƉĨŝůĞĚďLJ [[378,2028,391,2085][12][,I,][Arial]] ĨŽƌŵĂůƉĞƚŝƚŝŽŶ͘,ŽǁĞǀĞƌ͕ĂŶĂŵĞŶĚŵĞŶƚŵƵƐƚƐĂƚŝƐĨLJĂůůŽĨƚŚĞĨŽůůŽǁŝŶŐĐƌŝƚĞƌŝĂ͗ ĂͿƚŚĞƉĞƌŵŝƚƚĞĚƵƐĞƐĂůůŽǁĞĚǁŝƚŚŝŶƚŚĞƉƌŽƉŽƐĞĚnjŽŶŝŶŐĚŝƐƚƌŝĐƚǁŝůůďĞĂƉƉƌŽƉƌŝĂƚĞŽŶƚŚĞ [[378,2211,391,2268][12][,I,][Arial]] ƐƵďũĞĐƚƉƌŽƉĞƌƚLJĂŶĚĐŽŵƉĂƚŝďůĞǁŝƚŚĂĚũĂĐĞŶƚƉƌŽƉĞƌƚŝĞƐĂŶĚƚŚĞŶĞŝŐŚďŽƌŚŽŽĚ͖ĂŶĚ WƌŽƉŽƐĞĚͲ ϭ͗ hƐĞƐĂůůŽǁĞĚǁŝƚŚŝŶƚŚĞͲ ϭnjŽŶŝŶŐĚŝƐƚƌŝĐƚǁŝůůďĞĂƉƉƌŽƉƌŝĂƚĞŽŶƚŚĞƉƌŽƉĞƌƚLJĂƐƚŚĞ ĚŝƐƚƌŝĐƚŝƐŝŶƚĞŶĚĞĚƚŽŵĂŝŶƚĂŝŶĂŶĚƉƌŽǀŝĚĞĨŽƌĂƌĞĂƐŽĨůŽǁŝŶƚĞŶƐŝƚLJďƵƐŝŶĞƐƐƵƐĞƐƚŚĂƚĂƌĞ ůŽĐĂƚĞĚĂĚũĂĐĞŶƚƚŽƌĞƐŝĚĞŶƚŝĂůĂƌĞĂƐ͕ďƵƚĂůŽŶŐŵĂũŽƌƚŚŽƌŽƵŐŚĨĂƌĞƐƐŽĂƐŶŽƚƚŽĞŶĐŽƵƌĂŐĞ ĐƵƐƚŽŵĞƌƚƌĂĨĨŝĐƚŚƌŽƵŐŚƚŚĞĂĚũĂĐĞŶƚƌĞƐŝĚĞŶƚŝĂůĂƌĞĂƐ͘ĞƚĂŝůĞĚƐŝƚĞƉůĂŶͬnjŽŶŝŶŐƌĞǀŝĞǁ ǁŝůůŽĐĐƵƌĂƚĂĨƵƚƵƌĞĚĂƚĞ͕ĨŽůůŽǁŝŶŐƐƵďŵŝƚƚĂůŽĨĚĞƚĂŝůĞĚƐŝƚĞƉůĂŶĂƉƉůŝĐĂƚŝŽŶƐďLJƚŚĞ ĂƉƉůŝĐĂŶƚ͘ DƵĐŚŽĨƚŚŝƐƐŝƚĞŝƐĞŶĐŽŵƉĂƐƐĞĚďLJƚŚĞĂƌĞĂĚĞƐŝŐŶĂƚĞĚĂƐ&ůŽŽĚWƌŽŶĞĨŽƌĂƐĐĂĚĞƌĞĞŬ͘ WůĂĐĞŵĞŶƚŽĨĨŝůůŽŶƚŚŝƐƉƌŽƉĞƌƚLJǁŝůůƌĞƋƵŝƌĞĂĐŽŶĚŝƚŝŽŶĂůƵƐĞƉĞƌŵŝƚ͘ƚƚŚĞƚŝŵĞŽĨ 3DFNHW3J )E 3DJH &LW\3ODQQLQJDQG=RQLQJ&RPPLVVLRQ0LQXWHV+HDULQJ'DWH $SULO ĚĞǀĞůŽƉŵĞŶƚĂƐŝƚĞĐĂƉĂĐŝƚLJĐĂůĐƵůĂƚŝŽŶ;^ĞĐƚŝŽŶϲϭ͘ϱϯϬŽĨ>DͿǁŝůůŶĞĞĚƚŽďĞĐŽŵƉůĞƚĞĚ ĨŽƌĂŶLJĚĞǀĞůŽƉŵĞŶƚƉƌŽƉŽƐĞĚƚŽĚĞƚĞƌŵŝŶĞǁŚĂƚƚŚĞŶĞƚďƵŝůĚĂďůĞĂƌĞĂŝƐ͘dŚĞŶĞƚ ďƵŝůĚĂďůĞĂƌĞĂŝƐĂŶĂĚũƵƐƚŵĞŶƚƚŽƚŚĞƚŽƚĂůƐŝƚĞĂƌĞĂďĂƐĞĚŽŶĐŚĂƌĂĐƚĞƌŝƐƚŝĐƐƚŚĂƚĐŽŶƐƚƌĂŝŶ ĚĞǀĞůŽƉŵĞŶƚƉŽƚĞŶƚŝĂů͘dŚĞĂƉƉůŝĐĂŶƚ͛ƐĐŽŶƐƵůƚĂŶƚŝĚĞŶƚŝĨŝĞƐƚŚĞŶĞƚďƵŝůĚĂďůĞĂƌĞĂĨŽƌƚŚĞ ƉƌŽƉŽƐĞĚͲ ϭƚŽďĞϰ͘ϮϳĂĐƌĞƐ͘ ĞǀĞůŽƉŵĞŶƚŝŶƚŚĞ^ŚŽƌĞůĂŶĚŝƐƚƌŝĐƚŝƐƐƵďũĞĐƚƚŽŵĞĞƚŝŶŐƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨ^ĞĐƚŝŽŶƐ ϲϮ͘ϭϬϬϬŽĨƚŚĞ>D͘/ŶĐůƵĚĞĚ͕ĂƌĞƌĞŐƵůĂƚŝŽŶƐĨŽƌƐƚŽƌŵǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚ͕ǀĞŐĞƚĂƚŝŽŶ ƌĞŵŽǀĂůĂŶĚĂůŝŵŝƚĂƚŝŽŶŽĨϮϱйŝŵƉĞƌǀŝŽƵƐƐƵƌĨĂĐĞ͘ WƌŽƉŽƐĞĚZ Ͳ ϯ͗ ĐĐŽƌĚŝŶŐƚŽƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌŽŶŝŶŐKƌĚŝŶĂŶĐĞ͕ƚŚĞZ Ͳ ϯŽŶŝŶŐŝƐƚƌŝĐƚŝƐŝŶƚĞŶĚĞĚƚŽ ŵĂŝŶƚĂŝŶĂƌĞĂƐĚĞǀĞůŽƉĞĚƉƌĞĚŽŵŝŶĂŶƚůLJǁŝƚŚŵƵůƚŝ Ͳ 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ŽĨƚŚĞ>D͘/ŶĐůƵĚĞĚ͕ĂƌĞƌĞŐƵůĂƚŝŽŶƐĨŽƌƐƚŽƌŵǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚ͕ǀĞŐĞƚĂƚŝŽŶƌĞŵŽǀĂůĂŶĚĂ ůŝŵŝƚĂƚŝŽŶŽĨϮϱйŝŵƉĞƌǀŝŽƵƐƐƵƌĨĂĐĞ͘ ďͿƚŚĞƉƌŽƉŽƐĞĚĂŵĞŶĚŵĞŶƚĚŽĞƐŶŽƚŝŶǀŽůǀĞƐƉŽƚnjŽŶŝŶŐ͘;^ƉŽƚŽŶŝŶŐŝŶǀŽůǀĞƐƚŚĞ [[378,2105,391,2162][12][,I,][Arial]] ƌĞĐůĂƐƐŝĨŝĐĂƚŝŽŶŽĨĂƐŝŶŐůĞůŽƚŽƌƐĞǀĞƌĂůƐŵĂůůůŽƚƐƚŽĂĚŝƐƚƌŝĐƚǁŚŝĐŚŝƐĚŝĨĨĞƌĞŶƚƚŚĂŶƚŚĂƚ ĂƐƐŝŐŶĞĚƚŽƐƵƌƌŽƵŶĚŝŶŐƉƌŽƉĞƌƚŝĞƐ͕ĨŽƌƌĞĂƐŽŶƐŝŶĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞƉƵƌƉŽƐĞƐƐĞƚĨŽƌƚŚŝŶ ƚŚŝƐŽƌĚŝŶĂŶĐĞ͕ƚŚĞƐƚĂƚĞĞŶĂďůŝŶŐůĞŐŝƐůĂƚŝŽŶ͕ŽƌƚŚĞĚĞĐŝƐŝŽŶƐŽĨĐŽƵƌƚƐŝŶƚŚŝƐƐƚĂƚĞͿ͘ WƌŽƉŽƐĞĚͲ ϭ dŚĞĂŵĞŶĚŵĞŶƚƚŽͲ ϭǁŽƵůĚďĞĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞZŽĐŚĞƐƚĞƌhƌďĂŶ^ĞƌǀŝĐĞƌĞĂ>ĂŶĚ hƐĞWůĂŶŝĨZϮϬϭϰ Ͳ ϬϬϴ>hWŝƐĂƉƉƌŽǀĞĚĂƐ͞ĐŽŵŵĞƌĐŝĂů͕͟ĂŶĚǁŽƵůĚŶŽƚďĞĐŽŶƐŝĚĞƌĞĚƐƉŽƚ njŽŶŝŶŐ͘ WƌŽƉŽƐĞĚZ Ͳ ϯ dŚĞĂŵĞŶĚŵĞŶƚƚŽZ Ͳ ϯǁŽƵůĚďĞĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞZŽĐŚĞƐƚĞƌhƌďĂŶ^ĞƌǀŝĐĞƌĞĂ>ĂŶĚ hƐĞWůĂŶŝĨZϮϬϭϰ Ͳ ϬϬϴ>hWŝƐĂƉƉƌŽǀĞĚĂƐ͞ŵĞĚŝƵŵĚĞŶƐŝƚLJƌĞƐŝĚĞŶƚŝĂů͕͟ĂŶĚǁŽƵůĚŶŽƚďĞ ĐŽŶƐŝĚĞƌĞĚƐƉŽƚnjŽŶŝŶŐ͘ 3DFNHW3J )E 3DJH &LW\3ODQQLQJDQG=RQLQJ&RPPLVVLRQ0LQXWHV+HDULQJ'DWH $SULO ŝƐĐƵƐƐŝŽŶĞŶƐƵĞĚĂŵŽŶŐƚŚĞŽŵŵŝƐƐŝŽŶŝŶƌĞŐĂƌĚƐƚŽƚŚĞ'ĞŶĞƌĂůĞǀĞůŽƉŵĞŶƚWůĂŶŝŶĐůƵĚŝŶŐ 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ĂĚũŽƵƌŶĞĚƚŚĞŵĞĞƚŝŶŐĂƚϴ͗ϰϬƉ͘ŵ͘ ZĞƐƉĞĐƚĨƵůůLJ^ƵďŵŝƚƚĞĚ͗ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ DŝƚnjŝĂŬĞƌ͕WůĂŶŶŝŶŐŝƌĞĐƚŽƌDƌ͘tĂĚĞ'ŽŽĚĞŶďĞƌŐĞƌ͕ŚĂŝƌ ďĚ 3DFNHW3J )F ZĞĨ͗>ĂŶĚhƐĞWůĂŶŵĞŶĚŵĞŶƚηZϮϬϭϰͲϬϬϴ>hW͕ŽŶŝŶŐŝƐƚƌŝĐƚŵĞŶĚŵĞŶƚηZϮϬϭϰͲϬϭϲĂŶĚ'ĞŶĞƌĂů ĞǀĞůŽƉŵĞŶƚWůĂŶZϬϬϯϭϱ'WďLJWĂƵůDĞŝĞƌ͘ ĞĂƌŽƵŶĐŝůDĞŵďĞƌƐ͕ /ǁŽƵůĚůŝŬĞƚŽĂĚĚƚŽƚŚĞĐŽŶĐĞƌŶƐŽĨŵLJŶĞŝŐŚďŽƌƐ͘WůĞĂƐĞĐŽŶƐŝĚĞƌƚŚĂƚƚŚĞƌĞĨĞƌĞŶĐĞĚ ƉƌŽƉĞƌƚLJƐŚŽƵůĚŶŽƚďĞnjŽŶĞĚƚŽĂůůŽǁĚĞŶƐĞƌĞƐŝĚĞŶƚŝĂůĚĞǀĞůŽƉŵĞŶƚĨŽƌƚŚĞƌĞĂƐŽŶƐĐŝƚĞĚŝŶ ƚŚĞZŽĐŚĞƐƚĞƌhƌďĂŶ^ĞƌǀŝĐĞƌĞĂ>ĂŶĚhƐĞWůĂŶ ;ŚƚƚƉ͗ͬͬǁǁǁ͘ƌŽĐŚĞƐƚĞƌŵŶ͘ŐŽǀͬŚŽŵĞͬƐŚŽǁĚŽĐƵŵĞŶƚ͍ŝĚсϰϳϭϴͿ͘ dŚĞƉƌŽƉĞƌƚLJďĞŝŶŐĚŝƐĐƵƐƐĞĚŐĞŶĞƌĂůůLJůŝĞƐǁŝƚŚŝŶƚŚĞ& DĨůŽŽĚƉůĂŝŶŽƌϭϬϬͲLJĞĂƌĨůŽŽĚnjŽŶĞ ;^ĞĞ&ŝŐƵƌĞϭͿ͘ &ŝŐƵƌĞϭ& D&ůŽŽĚDĂƉ͕ŽŶĞ ŝƐǁŝƚŚŝŶϭϬϬLJĞĂƌĨůŽŽĚĞůĞǀĂƚŝŽŶ͘^ŽƵƌĐĞ& D dŚĂƚĂƌĞĂŚĂƐƐĞĞŶƐŝŐŶŝĨŝĐĂŶƚĨůŽŽĚŝŶŐĂƐƌĞĐĞŶƚůLJĂƐ^ĞƉƚĞŵďĞƌϮϬϭϬ;^ĞĞ&ŝŐƵƌĞϮͿ͘ 3DFNHW3J )F ZĞĨ͗>ĂŶĚhƐĞWůĂŶŵĞŶĚŵĞŶƚηZϮϬϭϰͲϬϬϴ>hW͕ŽŶŝŶŐŝƐƚƌŝĐƚŵĞŶĚŵĞŶƚηZϮϬϭϰͲϬϭϲĂŶĚ'ĞŶĞƌĂů ĞǀĞůŽƉŵĞŶƚWůĂŶZϬϬϯϭϱ'WďLJWĂƵůDĞŝĞƌ͘ ƌĚ 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