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Dƌ͘:ŝŵŽŽŬ͕ƌĞƐŝĚŝŶŐĂƚϮϰϮƌŽŽŬƐƚŽŶĞƌŝǀĞ^͕ZŽĐŚĞƐƚĞƌDŝŶŶĞƐŽƚĂϱϱϵϬϰ͕ĂĚĚƌĞƐƐĞĚƚŚĞ ŽŵŵŝƐƐŝŽŶ͘,ĞƐƚĂƚĞĚĐŽŶĐĞƌŶƐǁŝƚŚŵĂŝŶƚĞŶĂŶĐĞŽŶƚŚĞƌŽĂĚǁĂǇ͘ tŝƚŚŶŽŽŶĞĞůƐĞǁŝƐŚŝŶŐƚŽďĞŚĞĂƌĚ͕Dƌ͘tĂůƚĞƌƐĐůŽƐĞĚƚŚĞƉƵďůŝĐŚĞĂƌŝŶŐ͘ DƐ͘DĞĞŬŵŽǀĞĚƚŽƌĞĐŽŵŵĞŶĚĂƉƉƌŽǀĂůŽĨ'ĞŶĞƌĂůĞǀĞůŽƉŵĞŶƚW>EηZϬϬϯϯϰ'WǁŝƚŚƚŚĞ ƐƚĂĨĨ Ͳ ƌĞĐŽŵŵĞŶĚĞĚĨŝŶĚŝŶŐƐ͘DƐ͘tŝůƐŽŶƐĞĐŽŶĚĞĚƚŚĞŵŽƚŝŽŶ͘dŚĞŵŽƚŝŽŶĐĂƌƌŝĞĚƵŶĂŶŝŵŽƵƐůǇ͘ KE/d/KE^͗ ϭ͘ĐĐĞƐƐĐŽŶƚƌŽůƐŚĂůůďĞĚĞĚŝĐĂƚĞĚĂůŽŶŐŽƵŶƚǇ^ƚĂƚĞŝĚ,ŝŐŚǁĂǇϵ͘ Ϯ͘^ƵŶŶǇĚĂůĞŵƵƐƚďĞƐŚŽǁŶƚŽďĞĐŽŶƐŝƐƚĞŶƚǁŝƚŚKůŵƐƚĞĚŽƵŶƚǇZŝŐŚƚŽĨtĂǇWůĂƚϮϬϰ ϯ͘ďǇƉĂƐƐůĂŶĞǁŝůůďĞƌĞƋƵŝƌĞĚƉƌŝŽƌƚŽĐŽŶƐƚƌƵĐƚŝŽŶŽĨƉŚĂƐĞ///ŽĨƚŚĞĚĞǀĞůŽƉŵĞŶƚ͘ ϰ͘ŵŽŶĞƚĂƌǇĐŽŶƚƌŝďƵƚŝŽŶƚŽǁĂƌĚƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶŽĨĂƚǁŽǁĂǇůĞĨƚƚƵƌŶůĂŶĞŝƐƌĞƋƵŝƌĞĚ͘ ϱ͘&ŝƌĞŚǇĚƌĂŶƚƐĂƌĞƌĞƋƵŝƌĞĚƉƌŝŽƌƚŽďƵŝůĚŝŶŐĐŽŶƐƚƌƵĐƚŝŽŶĂƚĂŶĂǀĞƌĂŐĞŽĨϱϬϬĨĞĞƚƐƉĂĐŝŶŐ͘ Dƌ͘'ŽŽĚĞŶďĞƌŐĞƌŵŽǀĞĚƚŽƌĞĐŽŵŵĞŶĚĂƉƉƌŽǀĂůŽĨWƌĞůŝŵŝŶĂƌǇWůĂƚηZϮϬϭϲ Ͳ ϬϬϮW>dǁŝƚŚƚŚĞ ƐƚĂĨĨ Ͳ ƌĞĐŽŵŵĞŶĚĞĚĨŝŶĚŝŶŐƐĂŶĚ͘DƐ͘DĞĞŬƐĞĐŽŶĚĞĚƚŚĞŵŽƚŝŽŶ͘dŚĞŵŽƚŝŽŶĐĂƌƌŝĞĚ ƵŶĂŶŝŵŽƵƐůǇ͘ KE/d/KE^͗ ϭ͘'ƌĂĚŝŶŐΘƌĂŝŶĂŐĞWůĂŶĂƉƉƌŽǀĂůŝƐƌĞƋƵŝƌĞĚƉƌŝŽƌƚŽƌĞĐŽƌĚŝŶŐŽĨƚŚĞ&ŝŶĂůWůĂƚ͘ Ϯ͘ǆĞĐƵƚŝŽŶŽĨĂŝƚǇ Ͳ KǁŶĞƌŽŶƚƌĂĐƚĂŶĚĞĚŝĐĂƚŝŽŶŽĨĂŶǇĂƉƉůŝĐĂďůĞƉƵďůŝĐĞĂƐĞŵĞŶƚƐŝƐƌĞƋƵŝƌĞĚ ƉƌŝŽƌƚŽ&ŝŶĂůWůĂƚƐƵďŵŝƚƚĂů͘ ϯ͘WƵďůŝĐĞĂƐĞŵĞŶƚƐĂƌĞƌĞƋƵŝƌĞĚĨŽƌĂůůƉƵďůŝĐƵƚŝůŝƚŝĞƐĂŶĚĂŶǇƉƵďůŝĐĚƌĂŝŶĂŐĞĂŶĚŵƵƐƚďĞƐŚŽǁŶŽŶ ƚŚĞƉůĂƚ͘ ϰ͘ĐĐĞƐƐĐŽŶƚƌŽůƐŚĂůůďĞĚĞĚŝĐĂƚĞĚĂůŽŶŐ^,ϵĂŶĚƚŚĞƌŝŐŚƚŽĨǁĂǇƌĞƋƵŝƌĞĚĨŽƌƚŚĞƌĞ Ͳ ĂůŝŐŶŵĞŶƚ ƐŚĂůůďĞĚĞĚŝĐĂƚĞĚ͘ ϱ͘dŚĞĂƉƉƌŽǀĂůŽĨƌŽŽŬĞƐƚŽŶĞƌŝǀĞĂĐĐĞƐƐŽŶ^,ϵĂůůŽǁĞĚĨŽƌƚŚĞĚĞĨĞƌƌĞĚĐŽŶƐƚƌƵĐƚŝŽŶŽĨĂ ďǇƉĂƐƐůĂŶĞƵŶƚŝůWŚĂƐĞ///ŽĨƚŚĞĚĞǀĞůŽƉŵĞŶƚ͘ ϲ͘ŵŽŶĞƚĂƌǇĐŽŶƚƌŝďƵƚŝŽŶƚŽǁĂƌĚƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶŽĨĂdǁŽ Ͳ tĂǇůĞĨƚƚƵƌŶůĂŶĞŝƐƌĞƋƵŝƌĞĚ͘ ϳ͘KƵƚůŽƚĐĂŶŶŽƚďĞĚĞǀĞůŽƉĞĚƵŶƚŝůƌĞ Ͳ ƉůĂƚƚĞĚ͘ DƐ͘DĞĞŬŵŽǀĞĚƚŽƌĞĐŽŵŵĞŶĚĂƉƉƌŽǀĂůŽĨ^ƵďƐƚĂŶƚŝĂů>ĂŶĚůƚĞƌĂƚŝŽŶǁŝƚŚƐƚĂĨĨĨŝŶĚŝŶŐƐ͘DƐ͘ ^ĞĂďƌŽŽŬƐĞĐŽŶĚĞĚƚŚĞŵŽƚŝŽŶ͘dŚĞŵŽƚŝŽŶĐĂƌƌŝĞĚƵŶĂŶŝŵŽƵƐůǇ͘ ϱ Ͳ ŵŝŶƵƚĞƐƌĞĐĞƐƐƚĂŬĞŶ͘ Dƌ͘tĂůƚĞƌƐĂƐŬĞĚĨŽƌĐŽŶĨŝƌŵĂƚŝŽŶĨƌŽŵĐŽŵŵŝƐƐŝŽŶŝŶƌĞĐĞŝƉƚŽĨĂŶĞŵĂŝůďǇƌǇĂŶ>ĂǁǁŝƚŚŝƚǇ dƌĂŶƐŝƚƌĞĨĞƌƌĂůĐŽŵŵĞŶƚƐ͘ŽŶĨŝƌŵĂƚŝŽŶǁĂƐƌĞĐĞŝǀĞĚďǇĂůůĐŽŵŵŝƐƐŝŽŶĞƌƐ͘ >ĂŶĚhƐĞWůĂŶηZϮϬϭϲ Ͳ ϬϬϭ>hW͕ŽŶŝŶŐŝƐƚƌŝĐƚŵĞŶĚŵĞŶƚηZϮϬϭϲ Ͳ ϬϬϭ͕ĂŶĚdǇƉĞ///͕WŚĂƐĞ// 'ĞŶĞƌĂůĞǀĞůŽƉŵĞŶƚWůĂŶηZϬϬϯϯϯ'WďǇ:ŽƐĞƉŚĞǀĞůŽƉŵĞŶƚƚŽďĞŬŶŽǁŶĂƐsĂůůĞǇŚŝŐŚ͘dŚĞ 3DFNHW3J )I 3DJH &LW\3ODQQLQJDQG=RQLQJ&RPPLVVLRQ0LQXWHV+HDULQJ'DWH)HEUXDU\ ĂƉƉůŝĐĂŶƚŚĂƐƉƌŽƉŽƐĞĚƚŽĐŚĂŶŐĞƚŚĞůĂŶĚƵƐĞĚĞƐŝŐŶĂƚŝŽŶŽŶĂƉƉƌŽǆŝŵĂƚĞůǇϮ͘ϲĂĐƌĞƐĨƌŽŵΗ>Žǁ ĞŶƐŝƚǇZĞƐŝĚĞŶƚŝĂůΗƚŽΗDĞĚŝƵŵĞŶƐŝƚǇZĞƐŝĚĞŶƚŝĂů͘ΗdŚĞĂƉƉůŝĐĂŶƚŚĂƐƉƌŽƉŽƐĞĚĂŵĞŶĚŝŶŐƚŚĞ ŽŶŝŶŐŝƐƚƌŝĐƚŽŶƚŚĞƉƌŽƉĞƌƚǇĨƌŽŵƚŚĞZ Ͳ Ϯ>ŽǁĞŶƐŝƚǇZĞƐŝĚĞŶƚŝĂůŝƐƚƌŝĐƚƚŽZ Ͳ ϯDĞĚŝƵŵĞŶƐŝƚǇ ZĞƐŝĚĞŶƚŝĂů͘WƌŽƉŽƐĂůŝŶĐůƵĚĞƐϮ͘ϲĂĐƌĞƐƚŽďĞĚĞǀĞůŽƉĞĚĨŽƌŽŶĞŵƵůƚŝ Ͳ ĨĂŵŝůǇƌĞƐŝĚĞŶƚŝĂůůŽƚ͘dŚĞ ƉƌŽƉĞƌƚǇŝƐůŽĐĂƚĞĚĂƚƚŚĞŶŽƌƚŚǁĞƐƚĐŽƌŶĞƌŽĨsĂůůĞǇŚŝŐŚZŽĂĚEtĂŶĚ<ĞŶŽƐŚĂƌŝǀĞEt͘ Dƌ͘ƵƌŚŽƉƉƌĞƐĞŶƚĞĚƚŚĞƐƚĂĨĨƌĞƉŽƌƚ͕ĚĂƚĞĚ&ĞďƌƵĂƌǇϭϴ͕ϮϬϭϲ͕ƚŽƚŚĞŽŵŵŝƐƐŝŽŶ͘dŚĞƐƚĂĨĨƌĞƉŽƌƚŝƐ ŽŶĨŝůĞĂƚƚŚĞZŽĐŚĞƐƚĞƌ Ͳ KůŵƐƚĞĚWůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚ͘Dƌ͘ƵƌŚŽƉĂƐŬĞĚĨŽƌĂŶǇŽŶĞŝŶƚŚĞĂƵĚŝĞŶĐĞŝŶ ƌĞŐĂƌĚƐƚŽƚŚĞĚĞǀĞůŽƉŵĞŶƚ͘dŚĞƌĞǁĞƌĞŶŽƌĞƉůŝĞƐ͘ Dƌ͘tĂůƚĞƌƐŽƉĞŶĞĚƚŚĞƉƵďůŝĐŚĞĂƌŝŶŐ͘ Dƌ͘ŚƌŝƐ^ƚŽŬŬĂ͕ƌĞƉƌĞƐĞŶƚŝŶŐ:ŽƐĞƉŚĞǀĞůŽƉŵĞŶƚ͕ůŽĐĂƚĞĚĂƚϴϮϭŽƵŐůĂƐǀĞŶƵĞ͕DŝŶŶĞĂƉŽůŝƐ͕ DŝŶŶĞƐŽƚĂ͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘,ĞŶŽƚĞĚƚŚĞǇĂƌĞŝŶĂŐƌĞĞŵĞŶƚǁŝƚŚĂůůĐŽŶĚŝƚŝŽŶƐĂŶĚŝƐ ĂǀĂŝůĂďůĞĨŽƌĂŶǇƋƵĞƐƚŝŽŶƐ͘ DƐ͘DĞĞŬĂƐŬĞĚĂďŽƵƚĂƚƚĞŶĚĂŶĐĞƚŽƚŚĞŶĞŝŐŚďŽƌŚŽŽĚŵĞĞƚŝŶŐ͘ Dƌ͘^ƚŽŬŬĂŶŽƚĞĚƚŚĞǇĚŝĚĂĚĚŵŽƌĞƚŚĂŶƌĞƋƵŝƌĞĚŝŶǀŝƚĂƚŝŽŶƐĨŽƌĂƚƚĞŶĚĂŶĐĞŽĨƚŚĞŶĞŝŐŚďŽƌŚŽŽĚ ŵĞĞƚŝŶŐ͘ tŝƚŚŶŽŽŶĞĞůƐĞǁŝƐŚŝŶŐƚŽďĞŚĞĂƌĚ͕Dƌ͘tĂůƚĞƌƐĐůŽƐĞĚƚŚĞƉƵďůŝĐŚĞĂƌŝŶŐ͘ DƐ͘tŝůƐŽŶŵŽǀĞĚƚŽƌĞĐŽŵŵĞŶĚĂƉƉƌŽǀĂůŽĨ>ĂŶĚhƐĞWůĂŶηZϮϬϭϲ Ͳ ϬϬϭ>hWǁŝƚŚƚŚĞƐƚĂĨĨ Ͳ ƌĞĐŽŵŵĞŶĚĞĚĨŝŶĚŝŶŐƐ͘Dƌ͘'ŽŽĚĞŶďĞƌŐĞƌƐĞĐŽŶĚĞĚƚŚĞŵŽƚŝŽŶ͘dŚĞŵŽƚŝŽŶĐĂƌƌŝĞĚ ƵŶĂŶŝŵŽƵƐůǇ͘ &/E/E'^͗ Ϳ,ĂǀŝŶŐůĞǀĞůƚŽĨĂŝƌůǇƌŽůůŝŶŐƚĞƌƌĂŝŶ͕ŽƵƚƐŝĚĞĨůŽŽĚƉƌŽŶĞŽƌƉŽŽƌůǇĚƌĂŝŶĞĚĂƌĞĂƐ͕ŽƌĂƌĞĂƐ ǁŝƚŚƐƚĞĞƉƐůŽƉĞƐ͘ dŚĞƉƌŽƉĞƌƚǇŚĂƐĨĂŝƌůǇůĞǀĞůƚĞƌƌĂŝŶ͘dŚĞƌĞŝƐĂůŽǁƐƉŽƚŽŶƚŚĞƐŽƵƚŚǁĞƐƚĐŽƌŶĞƌŽĨ ƚŚĞƉƌŽƉĞƌƚǇǁŚĞƌĞƚŚĞƉƌŽƉŽƐĞĚƐƚŽƌŵǁĂƚĞƌƌĞƚĞŶƚŝŽŶƉŽŶĚŝƐůŽĐĂƚĞĚ͘dŚĞ ƌĞŵĂŝŶĚĞƌŽĨƚŚĞƐŝƚĞƐůŽƉĞƐƵƉƚŽƚŚĞŶŽƌƚŚĞĂƐƚ͘dŚĞŵĂũŽƌŝƚǇŽĨƚŚĞƐŝƚĞŚĂƐĂŐƌĂĚĞ ĐŚĂŶŐĞŽĨĂďŽƵƚϭϰĨĞĞƚ͕ŽƌϰƉĞƌĐĞŶƚ͘dŚĞƐŝƚĞŝƐŶŽƚůŽĐĂƚĞĚŶĞĂƌĂŶǇĨůŽŽĚƉƌŽŶĞŽƌ ƉŽŽƌůǇĚƌĂŝŶĞĚĂƌĞĂƐ͘ Ϳ/ŶĐůŽƐĞƉƌŽǆŝŵŝƚǇƚŽĐŽŵŵĞƌĐŝĂůĂƌĞĂƐ͕ĞŵƉůŽǇŵĞŶƚĐĞŶƚĞƌƐ͕ƌĞĐƌĞĂƚŝŽŶĂƌĞĂƐ͕ŽƌŽƚŚĞƌ ĨĂĐŝůŝƚŝĞƐƚŚĂƚƐĞƌǀĞƐŵĂůůĞƌŚŽƵƐĞŚŽůĚƐ͘ dŚĞƉƌŽƉĞƌƚǇŝƐĂƉƉƌŽǆŝŵĂƚĞůǇĂƋƵĂƌƚĞƌŵŝůĞĨƌŽŵĐŽŵŵĞƌĐŝĂů͕ĞŵƉůŽǇŵĞŶƚĐĞŶƚĞƌƐ ĂŶĚƌĞĐƌĞĂƚŝŽŶĂƌĞĂƐ͘DĂǇŽůŝŶŝĐĨĂĐŝůŝƚǇŝƐůŽĐĂƚĞĚƐŽƵƚŚĞĂƐƚŽĨƚŚŝƐƐŝƚĞ͕ǁŝƚŚ ŶƵŵĞƌŽƵƐŽĨĨŝĐĞ͕ƌĞƚĂŝů͕ĂŶĚĐŽŵŵĞƌĐŝĂůƵƐĞƐůŽĐĂƚĞĚĂůŽŶŐtĞƐƚŝƌĐůĞƌŝǀĞEt͘dŚĞ /DĐĂŵƉƵƐŝƐĂďŽƵƚĂŵŝůĞƚŽƚŚĞĞĂƐƚŽĨƚŚŝƐƐŝƚĞ͘dŚĞƉƌŽƉĞƌƚǇŝƐůŽĐĂƚĞĚŚĂůĨĂŵŝůĞ ĨƌŽŵƚŚĞŽƵŐůĂƐdƌĂŝů͘ Ϳ,ĂǀŝŶŐŐŽŽĚĂĐĐĞƐƐďǇŵĞĂŶƐŽĨĐŽůůĞĐƚŽƌ͕ĂƌƚĞƌŝĂů͕ĂŶĚĞǆƉƌĞƐƐǁĂǇƐƚƌĞĞƚĂŶĚƚƌĂŶƐŝƚ ƐǇƐƚĞŵƐƚŽĞŵƉůŽǇŵĞŶƚĐĞŶƚĞƌƐ͕ĐŽŵŵĞƌĐŝĂůĂƌĞĂƐ͕ĂŶĚĐŽŵŵƵŶŝƚǇĨĂĐŝůŝƚŝĞƐ͘ 3DFNHW3J )I 3DJH &LW\3ODQQLQJDQG=RQLQJ&RPPLVVLRQ0LQXWHV+HDULQJ'DWH)HEUXDU\ dŚĞƉƌŽƉĞƌƚǇŚĂƐĨƌŽŶƚĂŐĞŽŶsĂůůĞǇŚŝŐŚZŽĂĚEtǁŚŝĐŚƉƌŽǀŝĚĞƐĂĐŽŶŶĞĐƚŝŽŶƚŽ tĞƐƚŝƌĐůĞƌŝǀĞEt͘ŽƚŚƚŚŽƌŽƵŐŚĨĂƌĞƐƉƌŽǀŝĚĞŐŽŽĚĂĐĐĞƐƐĂŶĚĐŽŶŶĞĐƚŝǀŝƚǇƚŽ ĞŵƉůŽǇŵĞŶƚĐĞŶƚĞƌƐŝŶƚŚĞĂƌĞĂ͕ĐŽŵŵĞƌĐŝĂůŶŽĚĞƐ͕ĂŶĚĐŽŵŵƵŶŝƚǇĨĂĐŝůŝƚŝĞƐ͘dŚĞƐŝƚĞ ŝƐŶŽƚĐƵƌƌĞŶƚůǇƐĞƌǀĞĚďǇĚŝƌĞĐƚƚƌĂŶƐŝƚƐĞƌǀŝĐĞ͘dŝŵŝŶŐŽĨƚƌĂŶƐŝƚƐĞƌǀŝĐĞƚŽƚŚŝƐ ƉƌŽƉĞƌƚǇǁŝůůŝŶƉĂƌƚďĞĚĞƉĞŶĚĞŶƚŽŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨĂďƵƚƚŝŶŐƉƌŝǀĂƚĞůĂŶĚƐ͘ ͿƵĨĨĞƌĞĚĨƌŽŵƚŚĞĂĚǀĞƌƐĞŝŶĨůƵĞŶĐĞƐŽĨĐŽŵŵĞƌĐŝĂů͕ŝŶĚƵƐƚƌŝĂů͕ĂŶĚŽƚŚĞƌŝŶĐŽŵƉĂƚŝďůĞ ĂĐƚŝǀŝƚŝĞƐ͘ ƵƌƌĞŶƚůǇƚŚĞƌĞĂƌĞŶŽĐŽŵŵĞƌĐŝĂůŽƌŝŶĚƵƐƚƌŝĂůƵƐĞƐĂƌŽƵŶĚƚŚĞĂƌĞĂĨƌŽŵǁŚŝĐŚƚŚĞ ƉƌŽƉĞƌƚǇǁŽƵůĚŶĞĞĚƚŽďĞďƵĨĨĞƌĞĚĨƌŽŵ͘dŚĞŶŽƌƚŚĂŶĚĞĂƐƚĚĞǀĞůŽƉŵĞŶƚƐĂƌĞ ƌĞƐŝĚĞŶƚŝĂůŝŶŶĂƚƵƌĞ͘ DƐ͘tŝůƐŽŶŵŽǀĞĚƚŽƌĞĐŽŵŵĞŶĚĂƉƉƌŽǀĂůŽĨŽŶŝŶŐŝƐƚƌŝĐƚŵĞŶĚŵĞŶƚηZϮϬϭϲ Ͳ ϬϬϭǁŝƚŚƚŚĞ ƐƚĂĨĨ Ͳ ƌĞĐŽŵŵĞŶĚĞĚĨŝŶĚŝŶŐƐ͘DƐ͘DĞĞŬƐĞĐŽŶĚĞĚƚŚĞŵŽƚŝŽŶ͘dŚĞŵŽƚŝŽŶĐĂƌƌŝĞĚƵŶĂŶŝŵŽƵƐůǇ͘ &/E/E'^͗͗ ^ƵďĚ͘Ϯ͘dŚĞĐƌŝƚĞƌŝĂŽĨƚŚŝƐƐƵďĚŝǀŝƐŝŽŶĂƉƉůǇƚŽƚŚŽƐĞĂŵĞŶĚŵĞŶƚƐƚŽƚŚĞǌŽŶŝŶŐŵĂƉĨŝůĞĚ ďǇĨŽƌŵĂůƉĞƚŝƚŝŽŶ͘ŶĂŵĞŶĚŵĞŶƚŶĞĞĚŽŶůǇƐĂƚŝƐĨǇŽŶĞŽĨƚŚĞĨŽůůŽǁŝŶŐĐƌŝƚĞƌŝĂ͗ ĂͿdŚĞĂƌĞĂ͕ĂƐƉƌĞƐĞŶƚůǇǌŽŶĞĚ͕ŝƐŝŶĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞƉŽůŝĐŝĞƐĂŶĚŐŽĂůƐŽĨƚŚĞ [[356,1397,369,1450][11][,I,][Arial]] ŽŵƉƌĞŚĞŶƐŝǀĞWůĂŶ͖ ďͿdŚĞĂƌĞĂǁĂƐŽƌŝŐŝŶĂůůǇǌŽŶĞĚĞƌƌŽŶĞŽƵƐůǇĚƵĞƚŽĂƚĞĐŚŶŝĐĂůŽƌĂĚŵŝŶŝƐƚƌĂƚŝǀĞĞƌƌŽƌ͖ [[356,1565,369,1618][11][,I,][Arial]] ĐͿtŚŝůĞďŽƚŚƚŚĞƉƌĞƐĞŶƚĂŶĚƉƌŽƉŽƐĞĚǌŽŶŝŶŐĚŝƐƚƌŝĐƚƐĂƌĞĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞWůĂŶ͕ƚŚĞ [[352,1677,365,1730][11][,I,][Arial]] ƉƌŽƉŽƐĞĚĚŝƐƚƌŝĐƚďĞƚƚĞƌĨƵƌƚŚĞƌƐƚŚĞƉŽůŝĐŝĞƐĂŶĚŐŽĂůƐŽĨƚŚĞŽŵƉƌĞŚĞŶƐŝǀĞWůĂŶĂƐ ĨŽƵŶĚŝŶŚĂƉƚĞƌƐϮĂŶĚϯŽĨƚŚĞZŽĐŚĞƐƚĞƌhƌďĂŶ^ĞƌǀŝĐĞƌĞĂ>ĂŶĚhƐĞWůĂŶ͕ŚĂƉƚĞƌ ϯŽĨƚŚĞ,ŽƵƐŝŶŐWůĂŶ͕ĂŶĚŚĂƉƚĞƌϭϬŽĨƚŚĞZKK'>ŽŶŐZĂŶŐĞdƌĂŶƐƉŽƌƚĂƚŝŽŶWůĂŶ͖ Žƌ ĚͿdŚĞĂƌĞĂŚĂƐĐŚĂŶŐĞĚŽƌŝƐĐŚĂŶŐŝŶŐƚŽƐƵĐŚĂĚĞŐƌĞĞƚŚĂƚŝƚŝƐŝŶƚŚĞƉƵďůŝĐŝŶƚĞƌĞƐƚƚŽ [[356,2012,369,2065][11][,I,][Arial]] ƌĞǌŽŶĞƐŽĂƐƚŽĞŶĐŽƵƌĂŐĞĚĞǀĞůŽƉŵĞŶƚŽƌƌĞĚĞǀĞůŽƉŵĞŶƚŽĨƚŚĞĂƌĞĂ͘ ĞͿdŚĞĂƌĞĂŝŶĐůƵĚĞƐůĂŶĚƐŝĚĞŶƚŝĨŝĞĚĂƐĞĐŽƌĂŚĚŐĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚŚĂƉƚĞƌϱϵĂŶĚ [[355,2180,368,2233][11][,I,][Arial]] ĂƉƉůŝĐĂƚŝŽŶŽĨƚŚĞƐŝƚĞĐĂƉĂĐŝƚǇĐĂůĐƵůĂƚŝŽŶƉƵƌƐƵĂŶƚƚŽ^ĞĐƚŝŽŶϲϭ͘ϱϯϭǁŽƵůĚƉƌŽǀŝĚĞ ĨŽƌďĞŶĞĨŝĐŝĂůĚĞǀĞůŽƉŵĞŶƚƚŚĂƚŵĂŝŶƚĂŝŶƐƚǇƉŝĐĂůƵƌďĂŶĚĞŶƐŝƚǇǁŚŝůĞƉƌĞƐĞƌǀŝŶŐ ŚĂďŝƚĂƚĂŶĚƉƌŽƚĞĐƚŝŶŐƉƌŽĐĞƐƐĞƐƚŚĂƚŵĂŝŶƚĂŝŶŐƌŽƵŶĚǁĂƚĞƌƋƵĂůŝƚǇĂŶĚƋƵĂŶƚŝƚǇ͘ dŚĞZŽĐŚĞƐƚĞƌhƌďĂŶ^ĞƌǀŝĐĞƌĞĂ>ĂŶĚhƐĞWůĂŶĚĞƐŝŐŶĂƚĞƐƚŚŝƐƉƌŽƉĞƌƚǇĂƐ ĂƉƉƌŽƉƌŝĂƚĞĨŽƌ͞ůŽǁĚĞŶƐŝƚǇ͟ƚǇƉĞƐŽĨƵƐĞƐ͘>ĂŶĚhƐĞWůĂŶĂŵĞŶĚŵĞŶƚŝƐďĞŝŶŐ ĐŽŶƐŝĚĞƌĞĚĐŽŶĐƵƌƌĞŶƚǁŝƚŚƚŚŝƐĂƉƉůŝĐĂƚŝŽŶ͘/ĨƚŚĞ>ĂŶĚhƐĞWůĂŶĂŵĞŶĚŵĞŶƚĨƌŽŵ ͞ůŽǁĚĞŶƐŝƚǇƌĞƐŝĚĞŶƚŝĂů͟ƚŽ͞ŵĞĚŝƵŵĚĞŶƐŝƚǇƌĞƐŝĚĞŶƚŝĂů͟ŝƐĂƉƉƌŽǀĞĚ͕ƌĞǌŽŶŝŶŐϮ͘ϲ ĂĐƌĞƐŽĨůĂŶĚƚŽZ Ͳ ϯDĞĚŝƵŵĞŶƐŝƚǇZĞƐŝĚĞŶƚŝĂůǁŽƵůĚďĞĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞ ͞ŵĞĚŝƵŵĚĞŶƐŝƚǇƌĞƐŝĚĞŶƚŝĂů͟ůĂŶĚƵƐĞĚĞƐŝŐŶĂƚŝŽŶ͘/ĨƚŚĞ>ĂŶĚƵƐĞWůĂŶĂŵĞŶĚŵĞŶƚ ŝƐŶŽƚĂƉƉƌŽǀĞĚ͕ƚŚĞƉƌŽƉŽƐĞĚƌĞǌŽŶŝŶŐǁŽƵůĚŶŽƚďĞĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞ>ĂŶĚhƐĞ WůĂŶ͘dŚĞZ Ͳ ϯŽŶŝŶŐĚĞƐŝŐŶĂƚŝŽŶŝƐĐŽŶƐŝƐƚĞŶƚǁŝƚŚǌŽŶŝŶŐŝŶƚŚĞĂƌĞĂĂŶĚĞŶĐŽƵƌĂŐĞƐ ĚĞǀĞůŽƉŵĞŶƚĂŶĚŝŶĨŝůůŽĨǀĂĐĂŶƚůĂŶĚ͘ 3DFNHW3J )I 3DJH &LW\3ODQQLQJDQG=RQLQJ&RPPLVVLRQ0LQXWHV+HDULQJ'DWH)HEUXDU\ ^ƵďĚ͘ϯ͘dŚĞĐƌŝƚĞƌŝĂŽĨƚŚŝƐƐƵďĚŝǀŝƐŝŽŶĂůƐŽĂƉƉůǇƚŽƚŚŽƐĞĂŵĞŶĚŵĞŶƚƐƚŽƚŚĞǌŽŶŝŶŐ ŵĂƉĨŝůĞĚďǇĨŽƌŵĂůƉĞƚŝƚŝŽŶ͘,ŽǁĞǀĞƌ͕ĂŶĂŵĞŶĚŵĞŶƚŵƵƐƚƐĂƚŝƐĨǇĂůůŽĨƚŚĞĨŽůůŽǁŝŶŐ ĐƌŝƚĞƌŝĂ͗ ͘dŚĞƉĞƌŵŝƚƚĞĚƵƐĞƐĂůůŽǁĞĚǁŝƚŚŝŶƚŚĞƉƌŽƉŽƐĞĚǌŽŶŝŶŐĚŝƐƚƌŝĐƚǁŝůůďĞĂƉƉƌŽƉƌŝĂƚĞŽŶ [[357,498,370,551][11][,I,][Arial]] ƚŚĞƐƵďũĞĐƚƉƌŽƉĞƌƚǇĂŶĚĐŽŵƉĂƚŝďůĞǁŝƚŚĂĚũĂĐĞŶƚƉƌŽƉĞƌƚŝĞƐĂŶĚƚŚĞŶĞŝŐŚďŽƌŚŽŽĚ͖ ĂŶĚ ĐĐŽƌĚŝŶŐƚŽƚŚĞŝƚǇŽĨZŽĐŚĞƐƚĞƌŽŶŝŶŐKƌĚŝŶĂŶĐĞ͕ƚŚĞZ Ͳ ϯŽŶŝŶŐŝƐƚƌŝĐƚŝƐ ŝŶƚĞŶĚĞĚƚŽŵĂŝŶƚĂŝŶĂƌĞĂƐĚĞǀĞůŽƉĞĚƉƌĞĚŽŵŝŶĂŶƚůǇǁŝƚŚŵƵůƚŝ Ͳ ƵŶŝƚƌĞƐŝĚĞŶƚŝĂů ďƵŝůĚŝŶŐƐŽƵƚƐŝĚĞŽĨƚŚĞĞŶƚƌĂůĞǀĞůŽƉŵĞŶƚŽƌĞ͕ŽƌĂƌĞĂƐŽĨĞǆŝƐƚŝŶŐůŽǁĚĞŶƐŝƚǇ ĚĞǀĞůŽƉŵĞŶƚǁŚĞƌĞƚŚĞŶĞĞĚƚŽĞŶĐŽƵƌĂŐĞƌĞĚĞǀĞůŽƉŵĞŶƚŚĂƐďĞĞŶŝĚĞŶƚŝĨŝĞĚŽŶ ƚŚĞ>ĂŶĚhƐĞWůĂŶ͘dŚĞZ Ͳ ϯŽŶŝŶŐŝƐƚƌŝĐƚĚĞƐŝŐŶĂƚŝŽŶƉƌŽǀŝĚĞƐĂďƵĨĨĞƌĨŽƌƐŝŶŐůĞ ĨĂŵŝůǇƌĞƐŝĚĞŶƚŝĂůĨƌŽŵĐŽŵŵĞƌĐŝĂůƵƐĞƐ͘dŚŝƐǌŽŶĞĐŚĂŶŐĞƌĞƋƵĞƐƚǁŽƵůĚƉƌŽǀŝĚĞ ĂƐĞƉĂƌĂƚŝŽŶďĞƚǁĞĞŶƚŚĞĐŽŵŵĞƌĐŝĂůƵƐĞƐĂĐƌŽƐƐsĂůůĞǇŚŝŐŚZŽĂĚEtƚŽƚŚĞ ĞǆŝƐƚŝŶŐƐĞŶŝŽƌůŝǀŝŶŐĨĂĐŝůŝƚǇŶŽƌƚŚŽĨƚŚĞƉƌŽƉĞƌƚǇ͘ ͘dŚĞƉƌŽƉŽƐĞĚĂŵĞŶĚŵĞŶƚĚŽĞƐŶŽƚŝŶǀŽůǀĞƐƉŽƚǌŽŶŝŶŐ͘;^ƉŽƚŽŶŝŶŐŝŶǀŽůǀĞƐƚŚĞ 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Dƌ͘tĂůƚĞƌƐĂƐŬĞĚĂďŽƵƚĂŶĂĚũŽŝŶŝŶŐŶĞŝŐŚďŽƌŚŽŽĚŚĂƐĂǁĂůŬŝŶŐƉĂƚŚǁŝƚŚƉĂŝŶƚŝŶŐƐǁŽƌŶŽĨĨ͖ŚĞ ĂƐŬĞĚŝĨƚŚĞƵƉŬĞĞƉŽĨƚŚĞŵĂƌŬŝŶŐŽŶƚŚĞƚƌĂŝůƐǇƐƚĞŵǁŽƵůĚďĞĂŐƌĞĞĂďůĞ͘ Dƌ͘'ƌŝĨĨŝŶŶŽƚĞĚŚĞǁŽƵůĚďĞŝŶĂŐƌĞĞŵĞŶƚǁŝƚŚĂŶĂĚĚĞĚĐŽŶĚŝƚŝŽŶ͘ DƐ͘DĞĞŬĂƐŬĞĚǁŚǇĂƐƉĞĐŝĂůĚŝƐƚƌŝĐƚŽƉƚŝŽŶ͘ Dƌ͘'ƌŝĨĨŝŶŶŽƚĞĚƚŚĞĚĞǀĞůŽƉĞƌƐͬŽǁŶĞƌƐ͕ƚŚĞWůƵŶŬĞƚƚ&ĂŵŝůǇ͕ǁĂŶƚƐƚŽĂƐƐƵƌĞƚŚĞŶĞŝŐŚďŽƌŚŽŽĚǁŚĂƚŝƐ ďĞŝŶŐƉƌŽƉŽƐĞĚĚŽĞƐŶŽƚŚĂǀĞƚŚĞŽƉƚŝŽŶŽĨďĞŝŶŐƌĞǀŝƐĞĚ͖ŝĨĂƌĞǌŽŶŝŶŐƚŽĂŶZ Ͳ ϭƚŚŝƐŚĂƐƚŚĞŽƉƚŝŽŶĨŽƌ ĐŚĂŶŐĞŝĨĂŶŽƚŚĞƌĚĞǀĞůŽƉĞƌǁŽƵůĚĂĐƋƵŝƌĞƚŚĞůĂŶĚ͘ ƚŚ DƐ͘<ĂƚŚǇ<ƵŚůŵĂŶŶ͕ƌĞƐŝĚĞƐĂƚϭϰϮϵϮϴ^ƚƌĞĞƚ^t͕ZŽĐŚĞƐƚĞƌ͕DEϱϱϵϬϮ͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘ ^ŚĞŝƐƐƉĞĂŬŝŶŐŽŶďĞŚĂůĨŽĨƚŚĞĂŵďĞƌǁŽŽĚĂŶĚ>ĂƌŵĂƌŶĞŝŐŚďŽƌŚŽŽĚĂƐƐŽĐŝĂƚŝŽŶƐ͘^ŚĞŶŽƚĞĚƚŚĞ ƌĞǀŝƐŝŽŶƐƚŚĞŶĞŝŐŚďŽƌŚŽŽĚǁŽƵůĚůŝŬĞƚŽŚĂǀĞĂĐŬŶŽǁůĞĚŐĞĚ;ƚŚĞĚĞƚĂŝůƐŽŶĨŝůĞŝŶƚŚĞŵĞĞƚŝŶŐƉĂĐŬĞƚ ƚŚ ĂƐƐƵďŵŝƚƚĞĚͿ͖ŝĨĂĐĐĞƐƐŝƐŵĂĚĞŽŶϮϴ^ƚƌĞĞƚƚŚĞŶƚŚƌŽƵŐŚĂŵďĞƌtŽŽĚĂŶĚ>ĂƌŵĂƌƚŚĞ ƚŚ ŶĞŝŐŚďŽƌŚŽŽĚǁŽƵůĚůŝŬĞƚŽƐĞĞƚŚĞϭϱ^ƚƌĞĞƚǀĞŶƵĞǁŝĚĞŶĂŶĚŝŵƉƌŽǀĞŵĞŶƚƐŵĂĚĞ͘ Dƌ͘ƵƌŐĂsĞŐĞ͕ƌĞƐŝĚŝŶŐĂƚϯϭϭϬ^ŚĞƌďƵƌŶWůĂĐĞ^t͕ZŽĐŚĞƐƚĞƌDEϱϱϵϬϮ͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘ ,ĞŶŽƚĞĚĂĐŽŶĐĞƌŶǁŝƚŚƚŚĞŝŶĐƌĞĂƐĞŝŶƚƌĂĨĨŝĐŝŶƚŚĞĂƌĞĂŽǀĞƌƚŚĞƉĂƐƚϭϮǇĞĂƌƐ͖ǁŝƚŚƚŚĞƉƌŽƉŽƐĞĚ ĚĞǀĞůŽƉŵĞŶƚƚŚŝƐǁŝůůŽŶůǇŵĂŬĞĐŽŶĚŝƚŝŽŶƐǁŽƌƐĞ͘,ĞĂůƐŽĂƐŬĞĚĂďŽƵƚǁŚĞƌĞƚŚĞƐƚŽƌŵǁĂƚĞƌǁŝůů ĚƌĂŝŶƚŽ͘ Dƌ͘ŵŝƚ'ŚŽƐŚ͕ƌĞƐŝĚŝŶŐĂƚϯϭϮϮ^ŚĞƌŵĂŶWůĂĐĞ͕ZŽĐŚĞƐƚĞƌDEϱϱϵϬϮ͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘,Ğ ƐƚĂƚĞĚƚŚĞĐŽŶĐĞƌŶĨŽƌƚŚĞŝŶĐƌĞĂƐĞƚƌĂĨĨŝĐƐĂĨĞƚǇĂŶĚǁŝƚŚƚŚĞŽŶůǇĂĐĐĞƐƐǁŝůůĐĂƵƐĞŽďƐƚƌƵĐƚŝŽŶƐŝŶ ƚƌĂĨĨŝĐĂŶĚƌĞƐŝĚĞŶƚƐĂĨĞƚǇ͘ Dƌ͘ĂŶ>ĞŝǀŝĐŬ͕ƌĞƐŝĚĞƐĂƚϭϯϭϱtŝĐŬůŽǁ>ĂŶĞ^t͕ZŽĐŚĞƐƚĞƌDEϱϱϵϬϮ͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘ ,ĞĞǆƉƌĞƐƐĞĚǁŝƚŚƚŚĞŝŶĐƌĞĂƐĞŽĨƚƌĂĨĨŝĐƚŽƚŚĞĂƌĞĂƌŽĂĚǁĂǇƐǁŝůůĐĂƵƐĞƐĂĨĞƚǇĐŽŶĐĞƌŶƐ͘ DƐ͘^ƵŶĂŶĚĂ<ĂŶĞ͕ƌĞƐŝĚĞƐĂƚϭϯϭϱtŝĐŬůŽǁ>ĂŶĞ^t͕ZŽĐŚĞƐƚĞƌDEϱϱϱϵϬϮ͕ĂĚĚƌĞƐƐĞĚƚŚĞ ŽŵŵŝƐƐŝŽŶ͘^ŚĞĞǆƉƌĞƐƐĞĚĐŽŶĐĞƌŶĨŽƌƚŚĞŝŶĐƌĞĂƐĞĚƚƌĂĨĨŝĐĐĂƵƐŝŶŐƐĂĨĞƚǇĂŶĚƚƌĂĨĨŝĐĐŽŶŐĞƐƚŝŽŶ͖ƐŚĞ ƐƵŐŐĞƐƚĞĚĞĂĐŚŶĞŝŐŚďŽƌŚŽŽĚŚĂǀĞƚŚĞŝƌŽǁŶĐŽŵŵŽŶĞŶƚƌĂŶĐĞͬĞǆŝƚƐ͘ Dƌ͘'ĞŽĨĨ'ƌŝĨĨŝŶ͕ĐŽŶƐƵůƚĂŶƚǁŝƚŚ'ͲƵďĞĚ͕ϭϰϬϳϬ,ŝŐŚǁĂǇϱϮ^͕ŚĂƚĨŝĞůĚDEϱϱϵϮϯ͕ĂĚĚƌĞƐƐĞĚƚŚĞ ŽŵŵŝƐƐŝŽŶ͘,ĞƌĞǀŝĞǁĞĚƚŚĞĐŽŵŵĞŶƚƐŵĂĚĞďǇƚĞƐƚŝŵŽŶǇ͖ƚŚĞǇĂƌĞŝŶĂŐƌĞĞŵĞŶƚǁŝƚŚŶŽ ĐŽŶƐƚƌƵĐƚŝŽŶƚƌĂĨĨŝĐƚŽƚŚĞĞĂƐƚ͖ƚŚĞƐƚŽƌŵǁĂƚĞƌǁŝůůďĞĚŝǀĞƌƚĞĚƚŽƚŚĞŶŽƌƚŚĞŶĚŽĨƚŚĞƉƌŽƉĞƌƚǇǁŚĞƌĞ ƚŚ ĂďĂƐŝŶǁŝůůďĞďƵŝůƚ͖ƚŚĞƚŽƉŽŐƌĂƉŚǇĂŶĚĞĐŽƌĂŚ^ŚĂůĞůŝŵŝƚƐƚŚĞƉŽƐƐŝďŝůŝƚǇƚŽĂĐĐĞƐƐŽĨĨŽĨϭϴǀĞŶƵĞ͘ ƚŚ DƐ͘<ĂƚŚǇ<ƵŚůŵĂŶŶ͕ƌĞƐŝĚĞƐĂƚϭϰϮϵϮϴ^ƚƌĞĞƚ^t͕ZŽĐŚĞƐƚĞƌ͕DEϱϱϵϬϮ͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘ ^ŚĞŶŽƚĞĚƚŚĞŶĞŝŐŚďŽƌŚŽŽĚŝƐŶŽƚĂŐĂŝŶƐƚƚŚĞĚĞǀĞůŽƉŵĞŶƚ͖ŝĨĂĐŽŶŶĞĐƚŝŽŶŝƐďĞŝŶŐŵĂĚĞ͖ƚŚĞŶƚŚĞǇ ǁĂŶƚƚŚĞŝƌƐƚƌĞĞƚƐƵƉŐƌĂĚĞĚƚŽŚĂŶĚůĞƚŚĞŝŶĐƌĞĂƐĞŝŶƚƌĂĨĨŝĐ͘ Dƌ͘,ƵŐƵĞƐ^ŝĐŽƚƚĞ͕ƌĞƐŝĚŝŶŐĂƚϮϳϬϱƌŝĂƌŽƵƌƚ^t͕ZŽĐŚĞƐƚĞƌDEϱϱϵϬϮ͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘ ,ĞŶŽƚĞĚĂĐŽŶĐĞƌŶŽĨƚŚĞƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚĐĂƵƐŝŶŐĂŶǇƚǇƉĞŽĨĂƐƐĞƐƐŵĞŶƚƐƚŽĞǆŝƐƚŝŶŐƉƌŽƉĞƌƚǇ ǀĂůƵĞƐ͘ 3DFNHW3J )K 3DJH &LW\3ODQQLQJDQG=RQLQJ&RPPLVVLRQ0LQXWHV+HDULQJ'DWH)HEUXDU\ DƐ͘ĂŬĞƌŶŽƚĞĚƚŚĞƵƌďĂŶƐĞĐƚŝŽŶƐƚƌĞĞƚƐǁŝƚŚƉƵďůŝĐƐŝĚĞǁĂůŬŽŶďŽƚŚŽĨƚŚĞƌŝŐŚƚŽĨǁĂǇŝƐƚŚĞ ƐƚĂŶĚĂƌĚ͖ƌƵƌĂůĚĞƐŝŐŶŝƐĂŶĞǆĐĞƉƚŝŽŶ͘^ŽĐŽŶƐŝĚĞƌĂƚŝŽŶŽĨƌƵƌĂůĚĞƐŝŐŶŝŶƚŚŝƐĂƌĞĂŝƐĂŶĞǆĐĞƉƚŝŽŶƚŽƚŚĞ ƐƚĂŶĚĂƌĚ͘^ŚĞĞǆƉůĂŝŶĞĚƚŚĞŝŵƉƌŽǀĞŵĞŶƚƐŽŶĂŶĚŽĨĨ Ͳ ƐŝƚĞŝƐŝŶƚŚĞƉƵƌǀŝĞǁŽĨƚŚĞ'W͖ƚŚĞǇĂƌĞ ďĞĐĂƵƐĞƉƵďůŝĐĨĂĐŝůŝƚŝĞƐŶĞĞĚƚŽďĞĞǀĂůƵĂƚĞĚĨŽƌƚŚĞĚĞǀĞůŽƉŵĞŶƚŽŶĂŶĚŽĨĨƐŝƚĞ͖ƚŚĞƐĞĂƌĞŝƚĞŵƐ ǁŚŝĐŚŶĞĞĚƚŽďĞƌĞƐŽůǀĞĚďĞĨŽƌĞƚŚĞĨŝŶĂůƉůĂƚ͘ Dƌ͘ZĂŶĚĂůů'ƌŽƐƐ͕ƌĞƐŝĚŝŶŐĂƚϯϭϭϱƌĂĞŵŽƌĞ>ĂŶĞ^t͕ZŽĐŚĞƐƚĞƌDEϱϱϵϬϮ͕ĂĚĚƌĞƐƐĞĚƚŚĞ ŽŵŵŝƐƐŝŽŶ͘,ĞĂƐŬĞĚĨŽƌƉƵďůŝĐƐĂĨĞƚǇĐŽŶĐĞƌŶƐ͖ŝĨĞŵĞƌŐĞŶĐǇĂŶĚͬŽƌƉŽůŝĐĞĂŐĞŶĐŝĞƐĂƌĞŶŽƚŝĨŝĞĚŽĨ ƚŚŝƐƉŽƚĞŶƚŝĂůĚĞǀĞůŽƉŵĞŶƚ͘ Dƌ͘tĂůƚĞƌƐƐƚĂƚĞĚŐĞŶĐǇƌĞĨĞƌƌĂůĐŽŵŵĞŶƚƐĂƌĞŝŶĐůƵĚĞĚŝŶƚŚĞƐƚĂĨĨƌĞƉŽƌƚ͘ DƐ͘ĂŬĞƌĐŽŵŵĞŶƚĞĚƚŚĞĐŽŶƐŝĚĞƌĂƚŝŽŶĨŽƌĂĐĐĞƐƐďǇĞŵĞƌŐĞŶĐǇǀĞŚŝĐůĞƐĂƌĞĂůƌĞĂĚǇŝŶƚĞŐƌĂƚĞĚŝŶƚŽ ƚŚĞƐƚĂŶĚĂƌĚƌĞƋƵŝƌĞŵĞŶƚƐĨŽƌĐŽŶŶĞĐƚŝǀŝƚǇ͖ǁŚŝĐŚŝƐǁŚǇ^ŚĞƌďƵƌŶŝƐĐŽŶŶĞĐƚĞĚƚŽƚŚĞWůƵŶŬĞƚƚ ƉƌŽƉĞƌƚǇĨŽƌŵĞĞƚŝŶŐƐƚĂŶĚĂƌĚƌĞƋƵŝƌĞŵĞŶƚƐ͘ Dƌ͘ƵƌŐĂsĞŐĞ͕ƌĞƐŝĚŝŶŐĂƚϯϭϭϬ^ŚĞƌďƵƌŶWůĂĐĞ^t͕ZŽĐŚĞƐƚĞƌDEϱϱϵϬϮ͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘ ,ĞĞǆƉƌĞƐƐĞĚƚŚĞĐŽŶĐĞƌŶĨŽƌƚƌĂĨĨŝĐƐĂĨĞƚǇďĞŝŶŐĂĐƵƌƌĞŶƚŝƐƐƵĞĂŶĚǁŝůůŽŶůǇďĞĐŽŵĞŵŽƌĞĚŝĨĨŝĐƵůƚŝŶ ƚŚĞĨƵƚƵƌĞ͘ Dƌ͘'ĞŽĨĨ'ƌŝĨĨŝŶ͕ĐŽŶƐƵůƚĂŶƚǁŝƚŚ'ͲƵďĞĚ͕ϭϰϬϳϬ,ŝŐŚǁĂǇϱϮ^͕ŚĂƚĨŝĞůĚDEϱϱϵϮϯ͕ĂĚĚƌĞƐƐĞĚƚŚĞ ŽŵŵŝƐƐŝŽŶ͘,ĞŶŽƚĞĚƐƚĂĨĨĐŽŶĚŝƚŝŽŶŶŽ͘ϭϲƚŚĞǇŚĂǀĞĂŐƌĞĞĚƚŽǁŚŝĐŚĂĐŬŶŽǁůĞĚŐĞƐƐŽŵĞ ƐƵďƐƚĂŶĚĂƌĚĐŽŶĚŝƚŝŽŶƐĂŶĚƚŚĞǇǁŝůůďĞǁŽƌŬŝŶŐǁŝƚŚWƵďůŝĐtŽƌŬƐ͖ƚŚĞĂĚĚŝƚŝŽŶĂůĂĐĐĞƐƐĚŽĞƐĂůůŽǁĨŽƌ ĞŵĞƌŐĞŶĐǇǀĞŚŝĐůĞƐĂŶĚĂůůĞǀŝĂƚĞƐŽŵĞŽĨƚŚĞƚƌĂĨĨŝĐĐŽŶĐĞƌŶƐ͘ Dƌ͘tĂůƚĞƌƐĂƐŬĞĚǁŚǇƚŚŝƐƉŝĞĐĞŽĨůĂŶĚƐŚŽƵůĚďĞĂƉƉƌŽǀĞĚĨŽƌĂƐƉĞĐŝĂůĚŝƐƚƌŝĐƚ͘ Dƌ͘'ƌŝĨĨŝŶŶŽƚĞĚƚŚŝƐŝƐƚŚĞůĂƐƚƉŝĞĐĞŽĨůĂŶĚŝŶƚŚŝƐƉĂƌƚŝĐƵůĂƌĂƌĞĂ͖ĂŶĚǁŝƚŚůĂƌŐĞĂŵŽƵŶƚƐŽĨĂƌĞĂƐŽĨ ĞĐŽƌĂŚ^ŚĂůĞƚŚĞĚĞǀĞůŽƉĞƌĨĞĞůƐƚŚĞƉƌŽƉŽƐĞĚůĂǇŽƵƚĂůůŽǁƐĨŽƌĂǀŽŝĚŝŶŐŽĨƚŚĞƐĞĂƌĞĂƐ͘ tŝƚŚŶŽŽŶĞĞůƐĞǁŝƐŚŝŶŐƚŽďĞŚĞĂƌĚ͕Dƌ͘tĂůƚĞƌƐĐůŽƐĞĚƚŚĞƉƵďůŝĐŚĞĂƌŝŶŐ͘ ŝƐĐƵƐƐŝŽŶĞŶƐƵĞĚĂŵŽŶŐƚŚĞĐŽŵŵŝƐƐŝŽŶŝŶƌĞŐĂƌĚƐƚŽƚŚĞƉŽƐŝƚŝǀĞĂƐƉĞĐƚƐŽĨƚŚĞƉƌŽƉŽƐĞĚ ĚĞǀĞůŽƉŵĞŶƚ͖ƚŚĞĂĐĐĞƐƐƉŽŝŶƚƐŝŶĂŶĚŽƵƚŽĨƚŚĞĂĚũŽŝŶŝŶŐĚĞǀĞůŽƉŵĞŶƚĂŶĚƉƌŽƉŽƐĞĚƐĞĞŵĂĚĞƋƵĂƚĞ͖ ĂŶĚƚŚĞƐƉĞĐŝĂůĚŝƐƚƌŝĐƚƐĞĞŵƐĂƉƉƌŽƉƌŝĂƚĞĨŽƌƚŚĞĚĞǀĞůŽƉŵĞŶƚ͘ DƐ͘DĞĞŬŵŽǀĞĚƚŽƌĞĐŽŵŵĞŶĚĂƉƉƌŽǀĞĚŽĨ^ƉĞĐŝĂůŝƐƚƌŝĐƚηZϮϬϭϲ Ͳ ϬϬϭ^ǁŝƚŚƚŚĞƚǁŽ ŵŽĚŝĨŝĐĂƚŝŽŶƐƉƌŽƉŽƐĞĚďǇƐƚĂĨĨ͖ĂŶĚƚŚĞĂĚĚŝƚŝŽŶĂůĨŝŶĚŝŶŐůĂŶŐƵĂŐĞŶŽƚĞĚŝŶƚŚĞĞŵĂŝůĚĂƚĞĚ &ĞďƌƵĂƌǇϮϯ͕ϮϬϭϲĂŶĚƐƚĂĨĨ Ͳ ƌĞĐŽŵŵĞŶĚĞĚĨŝŶĚŝŶŐƐ͘Dƌ͘^ŝŵƐƐĞĐŽŶĚĞĚƚŚĞŵŽƚŝŽŶ͘dŚĞŵŽƚŝŽŶ ĐĂƌƌŝĞĚƵŶĂŶŝŵŽƵƐůǇ͘ KE/d/KE^͗ ϭ͘dŚĞ^ŶĞĞĚƐƚŽĞƐƚĂďůŝƐŚĂƐƚƌŽŶŐĞƌĐŽŶŶĞĐƚŝŽŶďĞƚǁĞĞŶƚŚĞŽŶ Ͳ ƐŝƚĞĚŝĨĨŝĐƵůƚĂŶĚƵŶŝƋƵĞ ƚĞƌƌĂŝŶĂŶĚƐƚĂŶĚĂƌĚƐƉƌŽƚĞĐƚŝŶŐƐƵĐŚƉŚǇƐŝĐĂůĨĞĂƚƵƌĞƐ͘dŚĞĂƉƉůŝĐĂŶƚĐŽƵůĚĐŽŶƐŝĚĞƌŝŶƐĞƌƚŝŶŐ ƌĞƐƚƌŝĐƚŝǀĞŐƌĂĚŝŶŐŐƵŝĚĞůŝŶĞƐŽƌƉƌŽƚĞĐƚŝŶŐĞǆŝƐƚŝŶŐƚƌĞĞƐǁŝƚŚŝŶƚŚĞƚĞǆƚŽĨƚŚĞŽƌĚŝŶĂŶĐĞ͘ ŶŽƚŚĞƌŝĚĞĂŝƐƚŽƐƵďŵŝƚĂďƵŝůĚŝŶŐĞŶǀĞůŽƉĞƐŝƚĞƉůĂŶ͕ƚŝĞĚƚŽƚŚĞƐƉĞĐŝĂůĚŝƐƚƌŝĐƚŽƌĚŝŶĂŶĐĞ͕ ǁŚŝĐŚǁŽƵůĚŚĂǀĞƚŚĞĞĨĨĞĐƚŽĨůŝŵŝƚŝŶŐŐƌĂĚŝŶŐĂŶĚĐŽŶƐƚƌƵĐƚŝŽŶƚŽǁŝƚŚŝŶƚŚĞƐĞƐƉĞĐŝĂů ƐĞƚďĂĐŬƐ͕ǁŚŝĐŚŝŶĞĨĨĞĐƚǁŽƵůĚƉƌŽƚĞĐƚƚŚĞŵĂũŽƌŝƚǇŽĨƚŚĞĞǆŝƐƚŝŶŐƚƌĞĞůŝŶĞĂŶĚƐůŽƉĞƐ͘ 3DFNHW3J )K 3DJH &LW\3ODQQLQJDQG=RQLQJ&RPPLVVLRQ0LQXWHV+HDULQJ'DWH)HEUXDU\ Ϯ͘^ĞĐƚŝŽŶϲϰt͘ϮϮϬ^ƵďĚ͘ϰ;ͿƐŚŽƵůĚďĞƐƚƌƵĐŬĨƌŽŵƚŚĞƉƌŽƉŽƐĂů͖ĞĂƐĞŵĞŶƚƐĂƌĞƌĞŐƵůĂƚĞĚ ƚŚƌŽƵŐŚƚŚĞƐƵďĚŝǀŝƐŝŽŶƐĞĐƚŝŽŶƐŽĨƚŚĞ>DŶŽƚŝŶƐƉĞĐŝĂůĚŝƐƚƌŝĐƚŽƌĚŝŶĂŶĐĞƐ͘ DƐ͘DĞĞŬŵŽǀĞĚƚŽƌĞĐŽŵŵĞŶĚĂƉƉƌŽǀĂůŽĨ'ĞŶĞƌĂůĞǀĞůŽƉŵĞŶƚWůĂŶηZϬϬϯϯϱ'WǁŝƚŚƚŚĞ ƐƚĂĨĨ Ͳ ƌĞĐŽŵŵĞŶĚĞĚĐŽŶĚŝƚŝŽŶƐĨŽƌϭ Ͳ ϮϰĂŶĚĂƌĞǀŝƐŝŽŶƚŽĐŽŶĚŝƚŝŽŶŶŽ͘ϵ͘DƐ͘tŝůƐŽŶƐĞĐŽŶĚĞĚƚŚĞ ŵŽƚŝŽŶ͘dŚĞŵŽƚŝŽŶĐĂƌƌŝĞĚƵŶĂŶŝŵŽƵƐůǇ͘ KE/d/KE^͗ ϭ͘WĞƌŽƵŶƚǇWƵďůŝĐtŽƌŬƐ͕ƌŝŐŚƚŽĨǁĂǇĚĞĚŝĐĂƚŝŽŶǁŝůůďĞƌĞƋƵŝƌĞĚĨŽƌĨƵƚƵƌĞŽƵŶƚǇZŽĂĚϭϰϳĂŶĚ ƚƌĂŝůĞǆƉĂŶƐŝŽŶ͘WĞƌŝƚǇWƵďůŝĐtŽƌŬƐ͕ƚŚĞƌĞŝƐĂŶŽďůŝŐĂƚŝŽŶĨŽƌƉƌŽǀŝĚŝŶŐƉĞĚĞƐƚƌŝĂŶĨĂĐŝůŝƚŝĞƐ ĂůŽŶŐƚŚĞĞŶƚŝƌĞĞǆŝƐƚŝŶŐĨƌŽŶƚĂŐĞƐŽĨƚŚĞWƌŽƉĞƌƚǇĂďƵƚƚŝŶŐϭϴƚŚǀĞŶƵĞ^tĂŶĚϭϱƚŚǀĞ^t͘ 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ĂĚĚƌĞƐƐŝŶŐƚŚĞƐƚĂŶĚĂƌĚƐŽĨƚŚĞŽƌĚŝŶĂŶĐĞŝŶĐůƵĚĞĚǁŝƚŚƚŚĞ'W͘ ϵ͘dŚĞŶŽƌƚŚƉĂƌĐĞůƐŚŽƵůĚďĞĞŝƚŚĞƌďĞůĂďĞůĞĚĂƐŽŶĞůŽƚŽƌƚǁŽƐĞƉĂƌĂƚĞůŽƚƐǁŝƚŚŽŶĞďĞŝŶŐĂŶ ŽƵƚůŽƚ͘ ϭϬ͘>ŽƚϭϵŵĂǇŶŽƚďĞďƵŝůĚĂďůĞĂŶĚͬŽƌƚŚĞƌĞŵĂǇďĞƌĞƐƚƌŝĐƚŝŽŶƐŽŶƚŚĞďƵŝůĚĂďůĞůŽĐĂƚŝŽŶĚĞƉĞŶĚŝŶŐ ŽŶǁĞƚůĂŶĚ͕ĂŶĚƐůŽƉĞĨĞĂƚƵƌĞƐ͖ƚŚŝƐƐŚĂůůďĞƌĞƐŽůǀĞĚǁŝƚŚƉůĂŶŶŝŶŐƉƌŝŽƌƚŽ&ŝŶĂůWůĂƚƐƵďŵŝƚƚĂů͘ ϭϭ͘dŚĞƉƌŽƉŽƐĞĚŝƐůĂŶĚǁŝƚŚŝŶƚŚĞĞǆƚĞŶƐŝŽŶŽĨ^ŚĞƌďƵƌŶ>ĂŶĞ^tŽŶƚŚĞŶŽƌƚŚĞƌŶŵŽƐƚĐƵů Ͳ ĚĞ Ͳ ƐĂĐ ƐŚĂůůƐĂƚŝƐĨǇƚŚĞĐƌŝƚĞƌŝĂĨŽƌŝƐůĂŶĚƐĨŽƵŶĚŝŶ^ĞĐƚŝŽŶϲϰ͘ϮϮϲ͘DĂŝŶƚĞŶĂŶĐĞŽďůŝŐĂƚŝŽŶƐƐŚĂůůďĞ ƌĞƐŽůǀĞĚƉƌŝŽƌƚŽ&ŝŶĂůWůĂƚƐƵďŵŝƚƚĂů͘ ϭϮ͘KŶ Ͳ ƐƚƌĞĞƚƐŝŐŶĂŐĞƐŚĂůůďĞƉŽƐƚĞĚƉĞƌ&ŝƌĞĞƉĂƌƚŵĞŶƚĐŽŵŵĞŶƚƐƌĞŐĂƌĚŝŶŐƚŚĞǁŝĚƚŚŽĨƐƚƌĞĞƚƐ͘ ϭϯ͘ŶǇƐƚŽƌŵǁĂƚĞƌĨĂĐŝůŝƚŝĞƐƐŚĂůůďĞƌĞƋƵŝƌĞĚƚŽŚĂǀĞĂĚƌĂŝŶĂŐĞĞĂƐĞŵĞŶƚ͘ ƚŚ ϭϰ͘dŚĞ'ĞŶĞƌĂůĞǀĞůŽƉŵĞŶƚWůĂŶŝĚĞŶƚŝĨŝĞƐϭϴǀĞŶƵĞ^tͬŽƵŶƚǇZŽĂĚϭϰϳĂƐĂĐŽůůĞĐƚŽƌƐƚƌĞĞƚ͖ŝƚ ŝƐĂ^ĞĐŽŶĚĂƌǇhƌďĂŶƌƚĞƌŝĂů͘dŚĞ'WƐŚĂůůďĞƌĞǀŝƐĞĚƚŽŝĚĞŶƚŝĨǇƚŚŝƐ͘ ϭϱ͘KŶƚŚĞƉƌĞůŝŵŝŶĂƌǇƉůĂƚ͕ĐĂůĐƵůĂƚĞĂŶĚŝĚĞŶƚŝĨǇƚŚĞƌĂĚŝŝŽĨƉƌŽƉŽƐĞĚĐƵů Ͳ ĚĞ Ͳ ƐĂĐƐ͖ƐŚĂůůƐĂƚŝƐĨǇƚŚĞ >DƐƚĂŶĚĂƌĚƐĂŶĚ&ŝƌĞĞƉĂƌƚŵĞŶƚƐƚĂŶĚĂƌĚƐ͘ 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