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3DFNHW3J 'D s/͘ZĞƉŽƌƚŝŶŐ dŚĞ^ĂŶĚƌĞĞŬ'ƌŽƵƉ͕>ƚĚ͘ǁŝůůƉƌŽǀŝĚĞƋƵĂƌƚĞƌůǇƌĞƉŽƌƚƐŽŶƉƌŽŐƌĂŵƵƚŝůŝǌĂƚŝŽŶ͘ EŽŝŶĨŽƌŵĂƚŝŽŶŽŶŝŶĚŝǀŝĚƵĂůĞŵƉůŽǇĞĞƐǁŝůůďĞƌĞůĞĂƐĞĚŽƵƚƐŝĚĞŽĨdŚĞ^ĂŶĚƌĞĞŬ 'ƌŽƵƉǁŝƚŚŽƵƚƚŚĞǁƌŝƚƚĞŶĐŽŶƐĞŶƚŽĨƚŚĞĞŵƉůŽǇĞĞ͘ s//͘ZĞƚĂŝŶĞƌŽƐƚ dŚĞĂŶŶƵĂůƌĞƚĂŝŶĞƌĐŚĂƌŐĞĚďǇdŚĞ^ĂŶĚƌĞĞŬ'ƌŽƵƉ͕>ƚĚ͘ĨŽƌƚŚĞĞŵƉůŽǇĞĞƐĞƌǀŝĐĞƐŝƐ ĂƐĨŽůůŽǁƐ͗ EƵŵďĞƌŽĨĞŵƉůŽǇĞĞƐ͗ϴϰϰ ŽƐƚƉĞƌĞŵƉůŽǇĞĞ͗ΨϮϮ͘ϬϬ ZĞƚĂŝŶĞƌ&ĞĞ;ŝĨĂƉƉůŝĐĂďůĞͿ͗ΨE фϳϱĞŵƉůŽǇĞĞƐ ŶŶƵĂůWŽŶƚƌĂĐƚŽƐƚ͗Ψϭϴ͕ϱϲϴ͘ϬϬ dĞƌŵŽĨŽŶƚƌĂĐƚ͗ϭ͘ϭ͘ϮϬϭϲƚŽϭϮ͘ϯϭ͘ϮϬϭϴ ^ƚĂƌƚĂƚĞƚŽŶĚĂƚĞ dŚĞ^ĂŶĚƌĞĞŬ'ƌŽƵƉǁŝůůďŝůůƐĞŵŝ Ͳ ĂŶŶƵĂůůǇĂŶĚǁŝůůƌĞƋƵĞƐƚĞŵƉůŽǇĞĞĐŽƵŶƚƐŽŶĞ ŵŽŶƚŚƉƌŝŽƌƚŽďŝůůŝŶŐ͘ s///͘KƉƚŝŽŶĂů^ĞƌǀŝĐĞƐWƌŝĐŝŶŐ ^ĞĞƉƉĞŶĚŝǆ/ĨŽƌŽƉƚŝŽŶĂůƐĞƌǀŝĐĞƐƉƌŝĐŝŶŐ͘ /s͘&ĞĞĨŽƌKŶŐŽŝŶŐŽƵŶƐĞůŝŶŐ WĂǇŵĞŶƚĨŽƌĂŶǇŽŶŐŽŝŶŐĐŽƵŶƐĞůŝŶŐƐĞƌǀŝĐĞƐďĞǇŽŶĚƚŚĞŝŶŝƚŝĂůĂƐƐĞƐƐŵĞŶƚƐĐƌĞĞŶŝŶŐ ǁŝůůďĞƚŚĞƌĞƐƉŽŶƐŝďŝůŝƚǇŽĨƚŚĞĞŵƉůŽǇĞĞͬĨĂŵŝůǇŵĞŵďĞƌ͘ y͘DŽĚŝĨŝĐĂƚŝŽŶŽƌdĞƌŵŝŶĂƚŝŽŶŽĨŽŶƚƌĂĐƚ dŚŝƐĐŽŶƚƌĂĐƚŵĂǇďĞŵŽĚŝĨŝĞĚŝŶǁƌŝƚŝŶŐĂƚĂŶǇƚŝŵĞďǇƚŚĞŵƵƚƵĂůĐŽŶƐĞŶƚŽĨƚŚĞ ƉĂƌƚŝĞƐ͘ ŝƚŚĞƌŝƚǇŽĨZŽĐŚĞƐƚĞƌŽƌdŚĞ^ĂŶĚƌĞĞŬ'ƌŽƵƉ͕>ƚĚ͘ŵĂǇĐĂŶĐĞůƚŚŝƐĂŐƌĞĞŵĞŶƚĂƚĂŶǇ ƚŝŵĞƵƉŽŶϵϬĚĂǇŶŽƚŝĐĞ͕ŝŶǁƌŝƚŝŶŐ͕ƚŽƚŚĞŽƚŚĞƌƉĂƌƚǇ͘ŝƚǇŽĨZŽĐŚĞƐƚĞƌǁŝůůďĞ ƌĞƐƉŽŶƐŝďůĞĨŽƌĂůůĨĞĞƐŽĨdŚĞ^ĂŶĚƌĞĞŬ'ƌŽƵƉ͕>ƚĚ͘ĂŶĚĐŽƐƚƐŝŶĐƵƌƌĞĚďǇdŚĞ^ĂŶĚ ƌĞĞŬ'ƌŽƵƉ͕>ƚĚ͘WƵƌƐƵĂŶƚƚŽƚŚŝƐŐƌĞĞŵĞŶƚ͕ƚŚƌŽƵŐŚƚŚĞĚĂƚĞŽĨƚĞƌŵŝŶĂƚŝŽŶ͘ 3DJH 3DFNHW3J 'D y/͘,/WŽŵƉůŝĂŶĐĞ dŚĞ^ĂŶĚƌĞĞŬ'ƌŽƵƉ͕>ƚĚ͘ŚĂƐŝŵƉůĞŵĞŶƚĞĚĂŶĚŝƐŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚƚŚĞ,ĞĂůƚŚ /ŶƐƵƌĂŶĐĞWŽƌƚĂďŝůŝƚǇĂŶĚĐĐŽƵŶƚĂďŝůŝƚǇĐƚŽĨϭϵϵϲ;,/W͕ƉƵďůŝĐůĂǁηϭϬϰ Ͳ ϭϵϭͿĂŶĚ ŝƚƐĂŵĞŶĚŵĞŶƚƐ͘ y//͘/ŶƐƵƌĂŶĐĞ dŚĞ^ĂŶĚƌĞĞŬ'ƌŽƵƉ͕>ƚĚ͘ƐŚĂůůŵĂŝŶƚĂŝŶ͕ƚŚƌŽƵŐŚŽƵƚƚŚĞƚĞƌŵŽĨƚŚŝƐĐŽŶƚƌĂĐƚ͕ƉƌŽĨĞƐƐŝŽŶĂů ůŝĂďŝůŝƚǇĂŶĚƐƵĐŚŽƚŚĞƌŝŶƐƵƌĂŶĐĞĂƐƐŚĂůůďĞƐƵĨĨŝĐŝĞŶƚƚŽŝŶƐƵƌĞŝƚƐŽďůŝŐĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐ ĐŽŶƚƌĂĐƚ͕ĂŶĚƐŚĂůůƉƌŽǀŝĚĞĞǀŝĚĞŶĐĞŽĨƚŚĂƚŝŶƐƵƌĂŶĐĞƚŽƚŚĞŝƚǇŽĨZŽĐŚĞƐƚĞƌƵƉŽŶŝƚƐƌĞƋƵĞƐƚ͘ y///͘/ŶĚĞŵŶŝĨŝĐĂƚŝŽŶ ĂĐŚƉĂƌƚǇƐŚĂůůŝŶĚĞŵŶŝĨǇĂŶĚŚŽůĚƚŚĞŽƚŚĞƌƉĂƌƚǇŚĂƌŵůĞƐƐĨƌŽŵĂŶĚĂŐĂŝŶƐƚĂŶǇĂŶĚĂůů ůŽƐƐĞƐ͕ĐůĂŝŵƐ͕ůŝĂďŝůŝƚǇ͕ĚĂŵĂŐĞƐ͕ĞǆƉĞŶƐĞƐŽƌŽƚŚĞƌŽďůŝŐĂƚŝŽŶƐ;ŝŶĐůƵĚŝŶŐ͕ǁŝƚŚŽƵƚůŝŵŝƚĂƚŝŽŶ͕ ƌĞĂƐŽŶĂďůĞĂƚƚŽƌŶĞǇ͛ƐĨĞĞƐͿŝŶĐƵƌƌĞĚďǇƚŚĞŽƚŚĞƌƉĂƌƚǇĂŶĚƚŚĞŝƌƌĞƐƉĞĐƚŝǀĞŽĨĨŝĐĞƌƐ͕ĚŝƌĞĐƚŽƌƐ͕ ĞŵƉůŽǇĞĞƐ͕ĂŶĚŽƚŚĞƌĂŐĞŶƚƐĂƌŝƐŝŶŐŽƵƚŽĨ;ĂͿƚŚĞƉĂƌƚǇ͛ƐŶĞŐůŝŐĞŶĐĞŽƌŝŶƚĞŶƚŝŽŶĂůŵŝƐĐŽŶĚƵĐƚ 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