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ĂĚĚŝƚŝŽŶĂůƐĞƌǀŝĐĞŝƐŽƉĞƌĂƚĞĚƚŽƐĞƌǀĞƚŚĞƐĐŚŽŽůƐ͕ŝŶĐƌĞĂƐĞƚŚĞĂŵŽƵŶƚŽĨ&ĞĚĞƌĂůĨŽƌŵƵůĂĨƵŶĚƐ ;^ĞĐƚŝŽŶϱϯϬϳͿĂǀĂŝůĂďůĞƚŽZWdĂŶĚƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂŝƐĞǆƉĞĐƚĞĚƚŽƉƌŽǀŝĚĞĨƵŶĚŝŶŐĨŽƌůŽĐĂů ƚƌĂŶƐŝƚƐĞƌǀŝĐĞŝŶĐƌĞĂƐĞƐƚŚƌŽƵŐŚŽƵƚƚŚĞƐƚĂƚĞ͘ƐŝĚĞďĞŶĞĨŝƚŝƐƚŚĂƚŚĂǀŝŶŐƐĐŚŽŽůƐƚƵĚĞŶƚƐƵƚŝůŝǌĞZWd ďƵƐĞƐǁŝůůŐŝǀĞƚŚĞŵĞǆƉĞƌŝĞŶĐĞŝŶƵƐŝŶŐƉƵďůŝĐƚƌĂŶƐŝƚƐĞƌǀŝĐĞƐ͕ŵĂŬŝŶŐŝƚŵŽƌĞůŝŬĞůǇƚŚĂƚƚŚĞǇǁŝůůƵƐĞ ƚƌĂŶƐŝƚƐĞƌǀŝĐĞƐĂƐĂĚƵůƚƐ͘ĨŝŶĂůďĞŶĞĨŝƚŝƐƚŚĂƚƉƌŽǀŝĚŝŶŐƐĐŚŽŽůƚƌĂŶƐƉŽƌƚĂƚŝŽŶǁŝůůďĞĂŶŽǀĞƌĂůů ĞǆƉĂŶƐŝŽŶŽĨZWdƐĞƌǀŝĐĞƐƚŚĂƚĂƌĞŶŽƚĨŽĐƵƐĞĚŽŶŽǁŶƚŽǁŶZŽĐŚĞƐƚĞƌ͘dŚĞƐĐŚŽŽůŽƌŝĞŶƚĞĚƌŽƵƚĞƐ ĐŽƵůĚĞǆƉĂŶĚƚŽďĞĐŽŵĞĂĨƵůůĐƌŽƐƐƚŽǁŶƌŽƵƚĞŶĞƚǁŽƌŬ͘ ZW^ŚĂƐĂŐŽĂůƚŽŚĂǀĞƚŚĞďĞůůƚŝŵĞƐĨŽƌĂůůƐĐŚŽŽůƐƚŽďĞĂƉƉƌŽǆŝŵĂƚĞůǇƚŚĞƐĂŵĞƚŝŵĞ͘ƵƌƌĞŶƚůǇ ĞůĞŵĞŶƚĂƌǇƐĐŚŽŽůƐƐƚĂƌƚĂƚĂĚŝĨĨĞƌĞŶƚƚŝŵĞƚŚĂŶŵŝĚĚůĞĂŶĚŚŝŐŚƐĐŚŽŽůƐƚƵĚĞŶƚƐĚƵĞƚŽƚŚĞŶƵŵďĞƌŽĨ ǇĞůůŽǁďƵƐĞƐĂǀĂŝůĂďůĞ͘,ĂǀŝŶŐŵŝĚĚůĞĂŶĚŚŝŐŚƐĐŚŽŽůƐƚƵĚĞŶƚƐƌŝĚĞZWdďƵƐĞƐǁŝůůĂůůŽǁǇĞůůŽǁďƵƐĞƐ ƚŽĨŽĐƵƐŽŶƚŚĞŶĞĞĚƐƚŚĂƚZWdĐĂŶŶŽƚŵĞĞƚ͕ƚƌĂŶƐƉŽƌƚŝŶŐĞůĞŵĞŶƚĂƌǇƐĐŚŽŽůƐƚƵĚĞŶƚƐĂŶĚƐƚƵĚĞŶƚƐƚŚĂƚ ĂƌĞƵŶĂďůĞƚŽďĞƐĞƌǀĞĚďǇZWd͘dŚŝƐǁŝůůĂůůŽǁZW^ƚŽŵĞĞƚƚŚĞŐŽĂůŽĨŚĂǀŝŶŐĂůůƐĐŚŽŽůƐƐƚĂƌƚĂƚƚŚĞ ƐĂŵĞƚŝŵĞŝŶĂŶŝŶĞǆƉĞŶƐŝǀĞŵĂŶŶĞƌ͘ůƐŽ͕ĚĞƉĞŶĚŝŶŐŽŶƚŚĞŵĞƚŚŽĚŽĨĨƵŶĚŝŶŐƐĐŚŽŽůƚƌĂŶƐƉŽƌƚĂƚŝŽŶ͕ ƚŚŝƐĐŽƵůĚŝŵƉƌŽǀĞŽǀĞƌĂůůĂĐĐĞƐƐƚŽƚƌĂŶƐƉŽƌƚĂƚŝŽŶĨŽƌƐƚƵĚĞŶƚƐĨŽƌŽƚŚĞƌƚƌŝƉƉƵƌƉŽƐĞƐ͕ŝŶĐůƵĚŝŶŐƉĂƌƚͲ ƚŝŵĞũŽďƐĂŶĚƐŽĐŝĂůĂĐƚŝǀŝƚŝĞƐ͘ KŶĞŵĂũŽƌĐŽŶĐĞƌŶŝƐƚŚĞĂǀĂŝůĂďŝůŝƚǇŽĨďƵƐĞƐĨŽƌZWdƚŽƉƌŽǀŝĚĞƚŚŝƐƐĞƌǀŝĐĞĂŶĚƚŚĞĂďŝůŝƚǇƚŽƐƚŽƌĞĂŶĚ ŵĂŝŶƚĂŝŶƚŚĞďƵƐĞƐ͘ƵƌƌĞŶƚƐĐŚŽŽůƐƚĂƌƚƚŝŵĞƐĐŽƌƌĞƐƉŽŶĚƚŽƚŚĞƉĞĂŬDĐŽŵŵƵƚĞƉĞƌŝŽĚ͕ǁŚĞŶZWd ƵƚŝůŝǌĞƐŵŽƐƚŽĨƚŚĞĨůĞĞƚƚŽƐĞƌǀĞĐŽŵŵƵƚĞƌƐ͘^ĞƌǀŝĐĞĐŽƵůĚďĞĂĐĐŽŵŵŽĚĂƚĞĚďǇĐŚĂŶŐŝŶŐƐĐŚŽŽůďĞůů ƚŝŵĞƐƐŽƚŚĂƚƐĐŚŽŽůƐƐƚĂƌƚůĂƚĞƌŝŶƚŚĞŵŽƌŶŝŶŐ͕ĂůůŽǁŝŶŐĨŽƌĂŵŽĚĞƐƚŝŶĐƌĞĂƐĞŝŶƚŚĞZWdĨůĞĞƚ͘ǀĞŶ ǁŝƚŚĂŵŽĚĞƐƚŝŶĐƌĞĂƐĞŝŶƚŚĞZWdĨůĞĞƚƐŝǌĞ͕ZWdǁŝůůŶĞĞĚƚŽĞǆƉĂŶĚƚŚĞWƵďůŝĐtŽƌŬƐĂŶĚdƌĂŶƐŝƚ KƉĞƌĂƚŝŽŶƐĞŶƚĞƌ;WtdKͿƚŽƉƌŽƉĞƌůǇƐƚŽƌĞĂŶĚŵĂŝŶƚĂŝŶƚŚĞĨůĞĞƚ͘ ZW^ǁŽƵůĚǁĂŶƚƚŽŝŵƉůĞŵĞŶƚƐĞƌǀŝĐĞĂƚƚŚĞƐƚĂƌƚŽĨƚŚĞϮϬϭϴͬϮϬϭϵƐĐŚŽŽůǇĞĂƌ͘dŚŝƐǁŽƵůĚƉƌŽǀŝĚĞ ƚŝŵĞĨŽƌZW^ƚŽŵŽĚŝĨǇƚŚĞĐŽŶƚƌĂĐƚŝƚŚĂƐǁŝƚŚƚŚĞƐĐŚŽŽůďƵƐŽƉĞƌĂƚŽƌ͘dŚŝƐǁŽƵůĚĂůƐŽƉƌŽǀŝĚĞ ƐƵĨĨŝĐŝĞŶƚƚŝŵĞĨŽƌZWdƚŽƉƌŽĐƵƌĞĞǆƉĂŶƐŝŽŶďƵƐĞƐƚŽƐĞƌǀĞƚŚĞƐĐŚŽŽůĚŝƐƚƌŝĐƚ͘dŚĞƌĞǁŽƵůĚďĞĂůĂƌŐĞ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2124,3037,2251,3093][11][,I,][Calibri]]WĂŐĞϭ 3DFNHW3J (D ƵƉͲĨƌŽŶƚĐŽƐƚĨŽƌZWdƚŽŽƉĞƌĂƚĞƚŚŝƐƐĞƌǀŝĐĞǁŚŝĐŚǁŽƵůĚŝŶĐůƵĚĞŚŝƌŝŶŐĂŶĚƚƌĂŝŶŝŶŐĂĚĚŝƚŝŽŶĂůďƵƐ ŽƉĞƌĂƚŽƌƐ͕ĂůŽŶŐǁŝƚŚǀĞŚŝĐůĞƉƵƌĐŚĂƐĞƐ͘^ƚŽƌĂŐĞĂŶĚŵĂŝŶƚĞŶĂŶĐĞǁŝůůĂůƐŽŶĞĞĚƚŽďĞĐŽŶƐŝĚĞƌĞĚŝŶ ŝŵƉůĞŵĞŶƚŝŶŐƚŚŝƐƐĞƌǀŝĐĞ͘dŚĞƉůĂŶŶĞĚĞǆƉĂŶƐŝŽŶŽĨƚŚĞWtdKŵĂǇƐŚŽƵůĚƉƌŽǀŝĚĞĐĂƉĂĐŝƚǇƚŽƐƚŽƌĞ ĂŶĚŵĂŝŶƚĂŝŶďƵƐĞƐ͕ďƵƚŐĞŶĞƌĂůƐĞƌǀŝĐĞŝŶĐƌĞĂƐĞƐǁŝůůůŝŬĞůǇƌĞƋƵŝƌĞƚŚĂƚƚŚĞĨĂĐŝůŝƚǇďĞĨƵƌƚŚĞƌĞǆƉĂŶĚĞĚ͘ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2124,3037,2251,3093][11][,I,][Calibri]]WĂŐĞϮ 3DFNHW3J (D ʹ dŚĞĨŝƌƐƚƚĂƐŬŽĨƚŚĞƐĐŚŽŽůďƵƐƐƚƵĚǇŝƐƚŽĐŽůůĞĐƚŝŶĨŽƌŵĂƚŝŽŶŽŶƐƚƵĚĞŶƚƐĂŶĚƚŚĞƚƌĂŶƐŝƚŶĞƚǁŽƌŬ͘ ZŽĐŚĞƐƚĞƌWƵďůŝĐ^ĐŚŽŽůƐƉƌŽǀŝĚĞĚĚĂƚĂŽŶƐƚƵĚĞŶƚŚŽŵĞůŽĐĂƚŝŽŶƐďǇƐĐŚŽŽůĨŽƌƐƚƵĚĞŶƚƐƚŚĂƚĂƌĞ ƌĞŐŝƐƚĞƌĞĚƚŽƌŝĚĞǇĞůůŽǁďƵƐĞƐ͘/ŶĨŽƌŵĂƚŝŽŶĐŽůůĞĐƚĞĚĂŶĚĂŶĂůǇƐŝƐĐŽŶĚƵĐƚĞĚĨŽƌƚŚĞdWǁĂƐƚŚĞŽƚŚĞƌ ĚĂƚĂŝƚĞŵĐŽůůĞĐƚĞĚ͘dŚŝƐŝŶĨŽƌŵĂƚŝŽŶŝƐƵƐĞĚƚŽŝĚĞŶƚŝĨǇƚŚĞĐƵƌƌĞŶƚĂŶĚƉƌŽƉŽƐĞĚƌŽƵƚĞƐƚŚĂƚƐĞƌǀĞ ĞĂĐŚƐĐŚŽŽůĂƐǁĞůůĂƐƚŚĞŶƵŵďĞƌŽĨƐƚƵĚĞŶƚƐƚŚĂƚĂƌĞƌĞŐŝƐƚĞƌĞĚƚŽƌŝĚĞǇĞůůŽǁďƵƐĞƐƚŚĂƚůŝǀĞǁŝƚŚŝŶ ǁĂůŬŝŶŐĚŝƐƚĂŶĐĞŽĨƚŚĞƌŽƵƚĞƐ͘dŚŝƐŝŶĨŽƌŵĂƚŝŽŶŝƐƉƌĞƐĞŶƚĞĚďĞůŽǁ͘ ʹǤͳ dŽƵŶĚĞƌƐƚĂŶĚǁŚŽĐĂŶƵƐĞZWdďƵƐĞƐƚŽĂĐĐĞƐƐŵŝĚĚůĞĂŶĚŚŝŐŚƐĐŚŽŽůƐŝƚŝƐŝŵƉŽƌƚĂŶƚƚŽŬŶŽǁǁŚŝĐŚ ƌŽƵƚĞƐƐĞƌǀĞĞĂĐŚƐĐŚŽŽů͘dŚĞƌŽƵƚĞƐƚŚĂƚŽƉĞƌĂƚĞǁŝƚŚŝŶЬŵŝůĞŽĨĞĂĐŚƐĐŚŽŽůĂŶĂůǇǌĞĚĂƌĞƉƌĞƐĞŶƚĞĚ ďĞůŽǁŽŶdĂďůĞϭ͘dŚŝƐƚĂďůĞƉƌĞƐĞŶƚƐƚŚĞĐƵƌƌĞŶƚĂŶĚdWƌŽƵƚĞƐƚŚĂƚƐĞƌǀĞĞĂĐŚƐĐŚŽŽů͘dŚĞĨŽůůŽǁŝŶŐ ƐĞĐƚŝŽŶƐĚĞƐĐƌŝďĞƐĞƌǀŝĐĞĂƚĞĂĐŚŝŶĚŝǀŝĚƵĂůƐĐŚŽŽů͘ dĂďůĞϭ͗ZWdZŽƵƚĞƐƚŚĂƚ^ĞƌǀĞĂĐŚ^ĐŚŽŽů ^ĐŚŽŽůƵƌƌĞŶƚZŽƵƚĞEĞƚǁŽƌŬWƌŽƉŽƐĞĚZŽƵƚĞEĞƚǁŽƌŬ ĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůϭϲϭϮ͕ϭϲ͕ϵϭ :ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůϭϮ͕ϭϬϳϮ :ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůϵ͕ϭϬ͕ϭϴϲϮ͕ϲϰ͕ϳϮ <ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽůEŽŶĞEŽŶĞ >ŽƵƌĚĞƐ,ŝŐŚ^ĐŚŽŽůϵϲϮ DĂǇŽ,ŝŐŚ^ĐŚŽŽůϱϮϲ ZŽĐŚĞƐƚĞƌĞŶƚƌĂů>ƵƚŚĞƌĂŶ^ĐŚŽŽůϭϭ͕ϭϬϳϰ͕ϳϮ ZĞƐƵƌƌĞĐƚŝŽŶ>ƵƚŚĞƌĂŶ^ĐŚŽŽůϭϭϵϭ͕ϳϰ ZŽĐŚĞƐƚĞƌůƚĞƌŶĂƚŝǀĞ>ĞĂƌŶŝŶŐĞŶƚĞƌϭϱ͕ϭϰ͕ϳ͕ϲϴϰ͕ϯϵ͕ϯϮ͕ϯϭ ^ĐŚĂĞĨĞƌĐĂĚĞŵǇEŽŶĞϭϮ tŝůůŽǁƌĞĞŬDŝĚĚůĞ^ĐŚŽŽůϱϮϲ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2124,3037,2251,3093][11][,I,][Calibri]]WĂŐĞϯ 3DFNHW3J (D ʹǤͳǤͳ ĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůŝƐůŽĐĂƚĞĚŝŶŶŽƌƚŚĞĂƐƚZŽĐŚĞƐƚĞƌ͕ŶĞĂƌƚŚĞŝŶƚĞƌƐĞĐƚŝŽŶŽĨsŝŽůĂƌŝǀĞEĂŶĚĂƐƚ ŝƌĐůĞƌŝǀĞ͘&ŝŐƵƌĞϭƐŚŽǁƐƚŚĂƚĐƵƌƌĞŶƚůǇŽŶůǇZŽƵƚĞϭϲƐĞƌǀĞƐĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽů͘dŚĞdW ƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐ͕ĂƐƐŚŽǁŶŽŶ&ŝŐƵƌĞϮ͕ŚĂǀĞƚŚƌĞĞƌŽƵƚĞƐƐĞƌǀŝŶŐĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůǁŚŝĐŚŐƌĞĂƚůǇ ŝŶĐƌĞĂƐĞƐƚŚĞŶƵŵďĞƌŽĨŶĞŝŐŚďŽƌŚŽŽĚƐƚŚĂƚŚĂǀĞŽŶĞͲƐĞĂƚĂĐĐĞƐƐƚŽƚŚŝƐŚŝŐŚƐĐŚŽŽů͘ &ŝŐƵƌĞϭ͗ZŽƵƚĞƐƚŚĂƚ^ĞƌǀĞĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůʹƵƌƌĞŶƚEĞƚǁŽƌŬ &ŝŐƵƌĞϮ͗ZŽƵƚĞƐƚŚĂƚ^ĞƌǀĞĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůʹWƌŽƉŽƐĞĚEĞƚǁŽƌŬ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2124,3037,2251,3093][11][,I,][Calibri]]WĂŐĞϰ 3DFNHW3J (D ʹǤͳǤʹ ƚŚ :ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůŝƐůŽĐĂƚĞĚŝŶƚŚĞ:ŽŚŶĚĂŵƐŶĞŝŐŚďŽƌŚŽŽĚŶĞĂƌƚŚĞŝŶƚĞƌƐĞĐƚŝŽŶŽĨϭϱ Ɛƚ ǀĞŶƵĞEtĂŶĚϯϭ^ƚƌĞĞƚEt͘&ŝŐƵƌĞϯƐŚŽǁƐƚŚĂƚƚŚĞĐƵƌƌĞŶƚZŽƵƚĞƐϭϬĂŶĚĂƌĞůŽĐĂƚĞĚǁŝƚŚŝŶЬ ŵŝůĞŽĨƚŚŝƐƐĐŚŽŽů͘dŚĞƉƌŽƉŽƐĞĚZŽƵƚĞϳϮǁŝůůƐĞƌǀĞ:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůĂƐƐŚŽǁŶŽŶ&ŝŐƵƌĞϰ͘ dŚĞŝŵƉĂĐƚŝƐƚŚĂƚƚŚĞƌĞĂƌĞĨĞǁĞƌĂƌĞĂƐƚŚĂƚĐĂŶĂĐĐĞƐƐƚŚŝƐŵŝĚĚůĞƐĐŚŽŽů͘ &ŝŐƵƌĞϯ͗ZŽƵƚĞƐƚŚĂƚ^ĞƌǀĞ:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůʹƵƌƌĞŶƚEĞƚǁŽƌŬ &ŝŐƵƌĞϰ͗ZŽƵƚĞƐƚŚĂƚ^ĞƌǀĞ:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůʹWƌŽƉŽƐĞĚEĞƚǁŽƌŬ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2124,3037,2251,3093][11][,I,][Calibri]]WĂŐĞϱ 3DFNHW3J (D ʹǤͳǤ͵ ƚŚƚŚ :ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůŝƐůŽĐĂƚĞĚEŽƌƚŚǁĞƐƚZŽĐŚĞƐƚĞƌŶĞĂƌƚŚĞŝŶƚĞƌƐĞĐƚŝŽŶŽĨϭϯ^ƚƌĞĞƚĂŶĚϭϯ ǀĞŶƵĞEt͘&ŝŐƵƌĞϱƐŚŽǁƐƚŚĂƚZŽƵƚĞƐϵ͕ϭϬ͕ĂŶĚϭϴĂƌĞǁŝƚŚŝŶЬŵŝůĞŽĨƚŚĞƐĐŚŽŽů͘tŚŝůĞƚŚĞƌĞĂƌĞĂ ŶƵŵďĞƌŽĨƌŽƵƚĞƐĚŽŽƉĞƌĂƚĞĂůŽŶŐd,ϱϮ͕ĂŶĚĂƌĞƐŚŽǁŶŽŶƚŚĞŵĂƉ͕ƚŚĞǇĚŽŶŽƚŚĂǀĞĂƐƚŽƉůŽĐĂƚĞĚ ĐůŽƐĞƚŽƚŚĞƐĐŚŽŽů͘&ŝŐƵƌĞϲƐŚŽǁƐƚŚĞƉƌŽƉŽƐĞĚƌŽƵƚĞƐƚŚĂƚZŽƵƚĞƐϲϮ͕ϲϰ͕ĂŶĚϳϮƐĞƌǀĞ:ŽŚŶDĂƌƐŚĂůů ,ŝŐŚ^ĐŚŽŽůǁŚŝůĞƚŚĞƌĞĂƌĞĂŶƵŵďĞƌŽĨƌŽƵƚĞƐƚŚĂƚŽƉĞƌĂƚĞŽŶd,ϱϮŶĞĂƌƚŚĞƐĐŚŽŽůƚŚĂƚĚŽŶŽƚŚĂǀĞ ĂƐƚŽƉ͘ &ŝŐƵƌĞϱ͗ZŽƵƚĞƐƚŚĂƚ^ĞƌǀĞ:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůʹƵƌƌĞŶƚEĞƚǁŽƌŬ &ŝŐƵƌĞϲ͗ZŽƵƚĞƐƚŚĂƚ^ĞƌǀĞ:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůʹWƌŽƉŽƐĞĚEĞƚǁŽƌŬ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2124,3037,2252,3093][11][,I,][Calibri]]WĂŐĞϲ 3DFNHW3J (D ʹǤͳǤͶ ƚŚ >ŽƵƌĚĞƐ,ŝŐŚ^ĐŚŽŽůŝƐůŽĐĂƚĞĚŝŶEŽƌƚŚǁĞƐƚZŽĐŚĞƐƚĞƌŶĞĂƌƚŚĞŝŶƚĞƌƐĞĐƚŝŽŶŽĨϭϵ^ƚƌĞĞƚEtĂŶĚ sĂůůĞǇŚŝŐŚƌŝǀĞEt͘KŶůǇZŽƵƚĞϵĐƵƌƌĞŶƚůǇƐƚŽƉƐǁŝƚŚŝŶЬŵŝůĞŽĨƚŚĞƐĐŚŽŽůĂƐƐŚŽǁŶŽŶ&ŝŐƵƌĞϳ͘ &ŝŐƵƌĞϴƐŚŽǁƚŚĂƚŽŶůǇZŽƵƚĞϲϮƐĞƌǀĞƐ>ŽƵƌĚĞƐ,ŝŐŚ^ĐŚŽŽů͘ &ŝŐƵƌĞϳ͗ZŽƵƚĞƐƚŚĂƚ^ĞƌǀĞ>ŽƵƌĚĞƐ,ŝŐŚ^ĐŚŽŽůʹƵƌƌĞŶƚEĞƚǁŽƌŬ &ŝŐƵƌĞϴ͗ZŽƵƚĞƐƚŚĂƚ^ĞƌǀĞ>ŽƵƌĚĞƐ,ŝŐŚ^ĐŚŽŽůʹWƌŽƉŽƐĞĚEĞƚǁŽƌŬ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2124,3037,2254,3093][11][,I,][Calibri]]WĂŐĞϳ 3DFNHW3J (D ʹǤͳǤͷ DĂǇŽ,ŝŐŚ^ĐŚŽŽůŝƐůŽĐĂƚĞĚŝŶ^ŽƵƚŚǁĞƐƚZŽĐŚĞƐƚĞƌŝŶƚŚĞDĞĂĚŽǁWĂƌŬŶĞŝŐŚďŽƌŚŽŽĚŶĞĂƌƚŚĞ ƚŚƚŚ ŝŶƚĞƌƐĞĐƚŝŽŶŽĨϭϭǀĞŶƵĞ^ĂŶĚϭϱ^ƚƌĞĞƚ^͘KŶůǇZŽƵƚĞϱĐƵƌƌĞŶƚůǇƐƚŽƉƐǁŝƚŚŝŶЬŵŝůĞŽĨƚŚĞ ƐĐŚŽŽůĂƐƐŚŽǁŶŽŶ&ŝŐƵƌĞϵ͘&ŝŐƵƌĞϭϬƐŚŽǁƚŚĂƚŽŶůǇZŽƵƚĞϮϲƐĞƌǀĞƐDĂǇŽ,ŝŐŚ^ĐŚŽŽů͘ &ŝŐƵƌĞϵ͗ZŽƵƚĞƐƚŚĂƚ^ĞƌǀĞDĂǇŽ,ŝŐŚ^ĐŚŽŽůʹƵƌƌĞŶƚEĞƚǁŽƌŬ &ŝŐƵƌĞϭϬ͗ZŽƵƚĞƐƚŚĂƚ^ĞƌǀĞDĂǇŽ,ŝŐŚ^ĐŚŽŽůʹWƌŽƉŽƐĞĚEĞƚǁŽƌŬ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2124,3037,2252,3093][11][,I,][Calibri]]WĂŐĞϴ 3DFNHW3J (D ʹǤͳǤ͸ ƚŚ ZŽĐŚĞƐƚĞƌĞŶƚƌĂů>ƵƚŚĞƌĂŶ^ĐŚŽŽůŝƐůŽĐĂƚĞĚŶĞĂƌƚŚĞŝŶƚĞƌƐĞĐƚŝŽŶŽĨůƚŽŶ,ŝůůƐƌŝǀĞEtĂŶĚϵ ǀĞŶƵĞEtŝŶƚŚĞůƚŽŶ,ŝůůƐŶĞŝŐŚďŽƌŚŽŽĚŽĨEŽƌƚŚǁĞƐƚZŽĐŚĞƐƚĞƌ͘&ŝŐƵƌĞϭϭƐŚŽǁƐƚŚĂƚĐƵƌƌĞŶƚ ZŽƵƚĞƐϭϬĂŶĚϭϭĂƌĞǁŝƚŚŝŶЬŵŝůĞŽĨƚŚĞƐĐŚŽŽů͘&ŝŐƵƌĞϭϮƐŚŽǁƐƚŚĂƚƉƌŽƉŽƐĞĚZŽƵƚĞƐϳϮĂŶĚϳϰĂƌĞ ǁŝƚŚŝŶЬŵŝůĞŽĨƚŚĞƐĐŚŽŽů͘ &ŝŐƵƌĞϭϭ͗ZŽƵƚĞƐƚŚĂƚ^ĞƌǀĞZŽĐŚĞƐƚĞƌĞŶƚƌĂů>ƵƚŚĞƌĂŶ^ĐŚŽŽůʹƵƌƌĞŶƚEĞƚǁŽƌŬ &ŝŐƵƌĞϭϮ͗ZŽƵƚĞƐƚŚĂƚ^ĞƌǀĞZŽĐŚĞƐƚĞƌĞŶƚƌĂů>ƵƚŚĞƌĂŶ^ĐŚŽŽůʹWƌŽƉŽƐĞĚEĞƚǁŽƌŬ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2124,3037,2252,3093][11][,I,][Calibri]]WĂŐĞϵ 3DFNHW3J (D ʹǤͳǤ͹ dŚĞZŽĐŚĞƐƚĞƌůƚĞƌŶĂƚŝǀĞ>ĞĂƌŶŝŶŐĞŶƚĞƌŝƐůŽĐĂƚĞĚŶĞĂƌƚŚĞŝŶƚĞƌƐĞĐƚŝŽŶŽĨtŽŽĚůĂŬĞƌŝǀĞ^ĂŶĚ ƚŚ ϯϱ^ƚƌĞĞƚ^ŝŶZŽĐŚĞƐƚĞƌ͘dŚŝƐƌŽƵƚĞŝƐĐƵƌƌĞŶƚůǇĚŝƌĞĐƚůǇƐĞƌǀĞĚďǇZŽƵƚĞƐϲDŝĚĚĂǇ͕ϳEŝŐŚƚ͕ĂŶĚϭϰ͘ KƚŚĞƌǀĂƌŝĂƚŝŽŶƐŽĨZŽƵƚĞϲĂƐǁĞůůĂƐƚŚĞϭϱŝƌĞĐƚŽƉĞƌĂƚĞŶĞĂƌďǇŽŶƌŽĂĚǁĂǇďƵƚĚŽŶŽƚŚĂǀĞĂƐƚŽƉ ŶĞĂƌƚŚĞƐĐŚŽŽů͘dŚĞĐƵƌƌĞŶƚƌŽƵƚĞƐĂƌĞƐŚŽǁŶŽŶ&ŝŐƵƌĞϭϯ͘&ŝŐƵƌĞϭϰƐŚŽǁƐƚŚĞƉƌŽƉŽƐĞĚƌŽƵƚĞƐƚŚĂƚ ƐĞƌǀĞƚŚĞƐĐŚŽŽůǁŚŝĐŚŝŶĐůƵĚĞZŽƵƚĞϯϭ͕ǁŝƚŚZŽƵƚĞƐϯϮ͕ϯϵ͕ĂŶĚϴϰŽƉĞƌĂƚŝŶŐĂůŽŶŐƌŽĂĚǁĂǇ͘ &ŝŐƵƌĞϭϯ͗ZŽƵƚĞƐƚŚĂƚ^ĞƌǀĞZŽĐŚĞƐƚĞƌůƚĞƌŶĂƚŝǀĞ>ĞĂƌŶŝŶŐĞŶƚĞƌʹƵƌƌĞŶƚEĞƚǁŽƌŬ &ŝŐƵƌĞϭϰ͗ZŽƵƚĞƐƚŚĂƚ^ĞƌǀĞZŽĐŚĞƐƚĞƌůƚĞƌŶĂƚŝǀĞ>ĞĂƌŶŝŶŐĞŶƚĞƌʹWƌŽƉŽƐĞĚEĞƚǁŽƌŬ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2251,3093][11][,I,][Calibri]]WĂŐĞϭϬ 3DFNHW3J (D ʹǤͳǤͺ (D ʹǤͳǤͻ ^ĐŚĂĞĨĞƌĐĂĚĞŵǇŝƐůŽĐĂƚĞĚŝŶEŽƌƚŚĞĂƐƚZŽĐŚĞƐƚĞƌŶĞĂƌƚŚĞĞŶƚƵƌǇ,ŝůůƐŶĞŝŐŚďŽƌŚŽŽĚĞĂƐƚŽĨ ĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůŶĞĂƌƚŚĞŝŶƚĞƌƐĞĐƚŝŽŶŽĨsŝŽůĂƌŝǀĞEĂŶĚ^ĐŚĂĞĨĞƌ>ĂŶĞE͘ƵƌƌĞŶƚƌŽƵƚĞƐĚŽ ŶŽƚŽƉĞƌĂƚĞǁŝƚŚŝŶЬŵŝůĞŽĨƚŚĞƐĐŚŽŽů͕ďƵƚƚŚĞƉƌŽƉŽƐĞĚZŽƵƚĞϭϲǁŝůůƉƌŽǀŝĚĞĂĐĐĞƐƐƚŽƚŚĞƐĐŚŽŽůĂƐ ƐŚŽǁŶŽŶ&ŝŐƵƌĞϭϳ͘ &ŝŐƵƌĞϭϳ͗ZŽƵƚĞƐƚŚĂƚ^ĞƌǀĞ^ĐŚĂĞĨĞƌĐĂĚĞŵǇʹWƌŽƉŽƐĞĚEĞƚǁŽƌŬ ʹǤͳǤͳͲ ƚŚŶĚ <ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽůŝƐůŽĐĂƚĞĚŝŶEŽƌƚŚĞĂƐƚZŽĐŚĞƐƚĞƌŽŶϭϳǀĞŶƵĞEĞĂƐƚŽĨϮǀĞŶƵĞE͘dŚĞƌĞ ĂƌĞŶŽďƵƐƌŽƵƚĞƐ͕ĐƵƌƌĞŶƚŽƌƉƌŽƉŽƐĞĚ͕ůŽĐĂƚĞĚǁŝƚŚŝŶЬŵŝůĞŽĨƚŚŝƐƐĐŚŽŽů͘ƌŽĂĚǁĂǇǀĞŶƵĞŝƐƐĞƌǀĞĚ ďǇZWdďƵƐĞƐ͕ďƵƚŝƚŝƐůŽĐĂƚĞĚŵŽƌĞƚŚĂŶЬŵŝůĞĨƌŽŵƚŚĞƐĐŚŽŽů͘ ʹǤʹ dŽĚĞƚĞƌŵŝŶĞƚŚĞƐƚƵĚĞŶƚƐƚŚĂƚĐŽƵůĚƵƐĞĞĂƐŝůǇƵƐĞZWdƐĞƌǀŝĐĞƐƚŽĂĐĐĞƐƐŵŝĚĚůĞĂŶĚŚŝŐŚƐĐŚŽŽůƐƚŚĞ ŚŽŵĞůŽĐĂƚŝŽŶƐ͘^ƚƵĚĞŶƚƐƚŚĂƚĂƌĞƌĞŐŝƐƚĞƌĞĚƚŽƵƐĞǇĞůůŽǁďƵƐĞƐǁŚŽůŝǀĞǁŝƚŚŝŶĂƋƵĂƌƚĞƌŵŝůĞŽĨĂďƵƐ ƌŽƵƚĞƚŚĂƚƐĞƌǀĞƐƚŚĞƌĞƐĐŚŽŽůŝƐĐŽŶƐŝĚĞƌĞĚĞĂƐŝůǇƐĞƌǀĞĚ͘dŚŝƐĂŶĂůǇƐŝƐǁĂƐĐŽŶĚƵĐƚĞĚďĂƐĞĚŽŶƚŚĞ ĐƵƌƌĞŶƚZWdŶĞƚǁŽƌŬĂƐǁĞůůĂƐƚŚĞŶĞƚǁŽƌŬƉƌŽƉŽƐĞĚŝŶƚŚĞdW͘dŚŝƐŝƐƉƌĞƐĞŶƚĞĚďĞůŽǁŽŶdĂďůĞϮ͘ dŚŝƐƚĂďůĞƐŚŽǁƐƚŚĂƚƚŚĞŶĞǁŶĞƚǁŽƌŬǁŝůůƌĞƐƵůƚŝŶĂϲйŝŶĐƌĞĂƐĞŝŶƚŚĞŶƵŵďĞƌŽĨƐƚƵĚĞŶƚƐƚŚĂƚůŝǀĞ ĂůŽŶŐĂďƵƐƌŽƵƚĞƚŚĂƚƐĞƌǀĞƐƚŚĞŝƌƐĐŚŽŽů͘dŚĞƐĐŚŽŽůǁŝƚŚƚŚĞďŝŐŐĞƐƚŝŶĐƌĞĂƐĞŝƐĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽů͕ ǁŚŝůĞ:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůĂŶĚDĂǇŽ,ŝŐŚ^ĐŚŽŽůǁŝůůƐĞĞĂĚĞĐƌĞĂƐĞŝŶƚŚĞŶƵŵďĞƌŽĨƐƚƵĚĞŶƚƐ ƚŚĂƚůŝǀĞĂůŽŶŐĂďƵƐůŝŶĞƚŚĂƚƐĞƌǀĞƐƚŚĞƐĐŚŽŽů͘ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2250,3093][11][,I,][Calibri]]WĂŐĞϭϮ 3DFNHW3J (D dĂďůĞϮ͗^ƚƵĚĞŶƚƐZĞŐŝƐƚĞƌĞĚƚŽZŝĚĞzĞůůŽǁƵƐĞƐƚŚĂƚ>ŝǀĞtŝƚŚŝŶЬDŝůĞŽĨĂƵƐZŽƵƚĞƚŚĂƚ^ĞƌǀĞƐƚŚĞ^ĐŚŽŽůƚŚĞǇƚƚĞŶĚ ^ĐŚŽŽůdŽƚĂůƵƌƌĞŶƚZŽƵƚĞWƌŽƉŽƐĞĚŚĂŶŐĞWĞƌĐĞŶƚ ^ƚƵĚĞŶƚƐEĞƚǁŽƌŬZŽƵƚĞEĞƚǁŽƌŬŚĂŶŐĞ ĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůϲϮϲϰϵϭϰϲϵϳϭϵϴй :ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůϴϴϮϮϭϳϳϴͲϭϯϵͲϲϰй :ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůϵϳϲϰϬϵϰϵϵϵϬϮϮй <ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽůϲϭϴϬϬϬϬй DĂǇŽ,ŝŐŚ^ĐŚŽŽůϳϱϭϲϮͲϰͲϲϳй tŝůůŽǁƌĞĞŬDŝĚĚůĞ^ĐŚŽŽůϵϯϯϭϬϮϭϬϮϬϬй dŽƚĂůϰ͕ϳϴϲϳϴϯϴϮϳϰϰϲй ʹǤ͵ dŚŝƐƐĞĐƚŝŽŶƉƌĞƐĞŶƚƐĂŶĂŶĂůǇƐŝƐŽĨƐƚƵĚĞŶƚŽƌŝŐŝŶƐŝŶƌĞůĂƚŝŽŶƚŽƚŚĞďƵƐƌŽƵƚĞƐƚŚĂƚƐĞƌǀĞĞĂĐŚƐĐŚŽŽů͘ dŚŝƐĂŶĂůǇƐŝƐŝƐĚŽŶĞƚŚƌŽƵŐŚŵĂƉƉŝŶŐŽĨƐƚƵĚĞŶƚŚŽŵĞůŽĐĂƚŝŽŶƐĂůŽŶŐǁŝƚŚĂĚĞƐĐƌŝƉƚŝŽŶŽĨƚŚĞƐĐŚŽŽů ĐĂƚĐŚŵĞŶƚĂƌĞĂ͘ĞůŽǁŝƐƚŚĞĂŶĂůǇƐŝƐďǇƐĐŚŽŽů͘ ʹǤ͵Ǥͳ >ŽƵƌĚĞƐ,ŝŐŚ^ĐŚŽŽůŝƐĂƉƌŝǀĂƚĞƐĐŚŽŽůƚŚĞƌĞĨŽƌĞƐƚƵĚĞŶƚŚŽŵĞůŽĐĂƚŝŽŶƐǁĞƌĞŶŽƚƉƌŽǀŝĚĞĚŽƌ ĂŶĂůǇǌĞĚ͘ƐĂƉƌŝǀĂƚĞƐĐŚŽŽů͕ƚŚĞƌĞŝƐŶŽƐƉĞĐŝĨŝĐĐĂƚĐŚŵĞŶƚĂƌĞĂĂŶĚƐƚƵĚĞŶƚƐĂƌĞůŝŬĞůǇĐŽŵŝŶŐĨƌŽŵ ŵĂŶǇĚŝƐƉĞƌƐĞĚůŽĐĂƚŝŽŶƐƚŚƌŽƵŐŚŽƵƚƐŽƵƚŚĞĂƐƚĞƌŶDŝŶŶĞƐŽƚĂ͘ ʹǤ͵Ǥʹ ZŽĐŚĞƐƚĞƌĞŶƚƌĂů>ƵƚŚĞƌĂŶŝƐĂƉƌŝǀĂƚĞƐĐŚŽŽůƚŚĞƌĞĨŽƌĞƐƚƵĚĞŶƚŚŽŵĞůŽĐĂƚŝŽŶƐǁĞƌĞŶŽƚƉƌŽǀŝĚĞĚŽƌ ĂŶĂůǇǌĞĚ͘ƐĂƉƌŝǀĂƚĞƐĐŚŽŽů͕ƚŚĞƌĞŝƐŶŽƐƉĞĐŝĨŝĐĐĂƚĐŚŵĞŶƚĂƌĞĂĂŶĚƐƚƵĚĞŶƚƐĂƌĞůŝŬĞůǇĐŽŵŝŶŐĨƌŽŵ ŵĂŶǇĚŝƐƉĞƌƐĞĚůŽĐĂƚŝŽŶƐƚŚƌŽƵŐŚŽƵƚƐŽƵƚŚĞĂƐƚĞƌŶDŝŶŶĞƐŽƚĂ͘ ʹǤ͵Ǥ͵ ZŽĐŚĞƐƚĞƌůƚĞƌŶĂƚŝǀĞ>ĞĂƌŶŝŶŐĞŶƚĞƌŚĂƐĂůĂƌŐĞĐĂƚĐŚŵĞŶƚĂƌĞĂƚŚĂƚĞŶĐŽŵƉĂƐƐĞƐƚŚĞĞŶƚŝƌĞŝƚǇŽĨ ZŽĐŚĞƐƚĞƌ͘^ƚƵĚĞŶƚŚŽŵĞůŽĐĂƚŝŽŶƐǁĞƌĞŶŽƚƉƌŽǀŝĚĞĚĨŽƌƚŚŝƐƐĐŚŽŽůƚŚĞƌĞĨŽƌĞĂĐĂƚĐŚŵĞŶƚĂƌĞĂǁĂƐ ŶŽƚŵĂƉƉĞĚ͘ ʹǤ͵ǤͶ ^ĐŚĂĞĨĞƌĐĂĚĞŵǇŝƐĂƉƌŝǀĂƚĞƐĐŚŽŽůƚŚĞƌĞĨŽƌĞƐƚƵĚĞŶƚŚŽŵĞůŽĐĂƚŝŽŶƐǁĞƌĞŶŽƚƉƌŽǀŝĚĞĚŽƌĂŶĂůǇǌĞĚ͘ ƐĂƉƌŝǀĂƚĞƐĐŚŽŽů͕ƚŚĞƌĞŝƐŶŽƐƉĞĐŝĨŝĐĐĂƚĐŚŵĞŶƚĂƌĞĂĂŶĚƐƚƵĚĞŶƚƐĂƌĞůŝŬĞůǇĐŽŵŝŶŐĨƌŽŵŵĂŶǇ ĚŝƐƉĞƌƐĞĚůŽĐĂƚŝŽŶƐƚŚƌŽƵŐŚŽƵƚƐŽƵƚŚĞĂƐƚĞƌŶDŝŶŶĞƐŽƚĂ͘ ʹǤ͵Ǥͷ dŚĞĐĂƚĐŚŵĞŶƚĂƌĞĂŽĨĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůŝƐƉƌĞƐĞŶƚĞĚŽŶ&ŝŐƵƌĞϭϴĂŶĚƚŚĞĐĂƚĐŚŵĞŶƚĂƌĞĂŽĨ<ĞůůŽŐŐ DŝĚĚůĞ^ĐŚŽŽůŝƐƉƌĞƐĞŶƚĞĚŽŶ&ŝŐƵƌĞϭϵ͘dŚĞĨŝŐƵƌĞƐƐŚŽǁƚŚĂƚƚŚĞĐĂƚĐŚŵĞŶƚĂƌĞĂŽĨƚŚĞƐĞƐĐŚŽŽůƐŝƐ ƚŚ ƉƌŝŵĂƌŝůǇĂƌĞĂƐĞĂƐƚŽĨd,ϱϮĂŶĚŶŽƌƚŚŽĨϭϮ^ƚƌĞĞƚ^͘dŚĞĐĂƚĐŚŵĞŶƚĂƌĞĂĞǆƚĞŶĚƐďĞǇŽŶĚƚŚĞ ZŽĐŚĞƐƚĞƌĐŝƚǇůŝŵŝƚƐ͕ŝŶĐůƵĚŝŶŐĂƌĞĂƐĂƐĨĂƌŶŽƌƚŚĂƐKƌŽŶŽĐŽ͘dŚĞĂƌĞĂƐƚŚĂƚŚĂǀĞĂůĂƌŐĞĐůƵƐƚĞƌŽĨ ƐƚƵĚĞŶƚƐŝŶĐůƵĚĞƚŚĞŶĞŝŐŚďŽƌŚŽŽĚƐŽĨsŝŬŝŶŐWĂƌŬ͕EŽƌƚŚZŝǀĞƌŽƵƌƚ͕ĂƐƚ^ŝĚĞWŝŽŶĞĞƌƐ͕ŶĞĂƌƚŚĞ ƚŚ ŝŶƚĞƌƐĞĐƚŝŽŶŽĨƌŽĂĚǁĂǇǀĞŶƵĞEŽƌƚŚͬϭϰ^ƚƌĞĞƚE͕ĂŶĚƚŚĞĂƌĞĂďŽƵŶĚĞĚďǇd,ϱϮͬĂŶĚĞůZŽĂĚ ƚŚƚŚ EtͬϭϴǀĞŶƵĞEtͬϱϱ^ƚƌĞĞƚEt͘ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2250,3093][11][,I,][Calibri]]WĂŐĞϭϯ 3DFNHW3J (D &ŝŐƵƌĞϭϴ͗ĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůĂƚĐŚŵĞŶƚƌĞĂ &ŝŐƵƌĞϭϵ͗<ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽůĂƚĐŚŵĞŶƚƌĞĂ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2250,3093][11][,I,][Calibri]]WĂŐĞϭϰ 3DFNHW3J (D ʹǤ͵Ǥ͸ :ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůĂŶĚ:ŽŚŶDĂƌƐŚĂůůŚĂǀĞĂǀĞƌǇƐŝŵŝůĂƌĐĂƚĐŚŵĞŶƚĂƌĞĂ͘DŽƐƚƐƚƵĚĞŶƚƐƚŚĂƚ ĂƚƚĞŶĚƚŚĞƐĞƚǁŽƐĐŚŽŽůƐƌĞƐŝĚĞŝŶƚŚĞEŽƌƚŚǁĞƐƚƋƵĂĚƌĂŶƚŽĨZŽĐŚĞƐƚĞƌ͕ĂƐƐŚŽǁŶŽŶ&ŝŐƵƌĞϮϬĂŶĚϮϭ͘ ƚŚƚŚ tŚŝůĞŵŽƐƚůŝǀĞǁĞƐƚŽĨd,ϱϮ͕ƚŚĞƌĞĂƌĞĐůƵƐƚĞƌƐŽĨƐƚƵĚĞŶƚƐůŽĐĂƚĞĚĂůŽŶŐϭϴŶĞĂƌϰϴ^ƚƌĞĞƚEt͘ EĞŝŐŚďŽƌŚŽŽĚƐƚŚĂƚƐĞƌǀĞĂƐƚŚĞĐĂƚĐŚŵĞŶƚĂƌĞĂĨŽƌƚŚĞƐĞƚǁŽƐĐŚŽŽůƐŝŶĐůƵĚĞŽƵŶƚƌǇůƵď͕EŽƌƚŚǁĞƐƚ ZŽĐŚĞƐƚĞƌ͕'ŽůĨǀŝĞǁ͕ĂŶĚ<ƵƚǌŬǇWĂƌŬ͘ &ŝŐƵƌĞϮϬ͗:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůĂƚĐŚŵĞŶƚƌĞĂ &ŝŐƵƌĞϮϭ͗:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůĂƚĐŚŵĞŶƚƌĞĂ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2250,3093][11][,I,][Calibri]]WĂŐĞϭϱ 3DFNHW3J (D ʹǤ͵Ǥ͹ (D ͵ ŶĂŶĂůǇƐŝƐŽĨĚĂƚĂƚĞůůƐƵƐƚŚĂƚƚŚĞƌĞŵĂǇŶĞĞĚƚŽďĞĂĨƵƌƚŚĞƌĞǆƉĂŶƐŝŽŶŽĨZWdƐĞƌǀŝĐĞƐƚŽƐƵƉƉŽƌƚ ƉƌŽǀŝĚŝŶŐƚƌĂŶƐƉŽƌƚĂƚŝŽŶƚŽƐĐŚŽŽůƐ͘dŚĞƌĞĂƌĞƚŚƌĞĞĨĂĐƚŽƌƐƚŚĂƚĐŽŶƚƌŝďƵƚĞƚŽƚŚĞŶĞĞĚĨŽƌĂĚĚŝƚŝŽŶĂů ƐĞƌǀŝĐĞ͘dŚĞĨŝƌƐƚĨĂĐƚŽƌŝƐƚŚĞŶƵŵďĞƌŽĨƐƚƵĚĞŶƚƐƚŚĂƚŶĞĞĚƚŽďĞƚƌĂŶƐƉŽƌƚĞĚ͕ǁŚŝĐŚŝƐŚŝŐŚůŝŐŚƚĞĚŝŶ ƚŚĞƉƌĞǀŝŽƵƐĐŚĂƉƚĞƌ͘dŚĞƐĞĐŽŶĚĨĂĐƚŽƌŝƐƚŚĂƚƚŚĞƚŝŵĞƐƚŚĂƚƐĐŚŽŽůƐƐƚĂƌƚĚŽĐŽƌƌĞƐƉŽŶĚǁŝƚŚƉĞĂŬ ĐŽŵŵƵƚĞƚŝŵĞƐ͕ĂůƚŚŽƵŐŚZW^ŝƐĐŽŶƐŝĚĞƌŝŶŐĐŚĂŶŐŝŶŐƚŚĞƐĞƚŝŵĞƐ͘dŚĞĨŝŶĂůĨĂĐƚŽƌŝƐƚŚĂƚƚŚĞŚŽŵĞ ůŽĐĂƚŝŽŶƐŽĨƐƚƵĚĞŶƚƐĂƌĞƐƉƌĞĂĚŽƵƚĞŶŽƵŐŚƚŚĂƚŶŽƐŝŶŐůĞďƵƐƌŽƵƚĞĐĂŶĐŽŶŶĞĐƚĂůůƐƚƵĚĞŶƚƐƚŽƚŚĞ ƐĐŚŽŽůƐ͘dŚĞƐĞĨĂĐƚŽƌƐĂƌĞĂŶĂůǇǌĞĚďĞůŽǁ͘ ͵Ǥͳ dŚĞƚƌĂŶƐƉŽƌƚĂƚŝŽŶŶĞĞĚĨŽƌƚŚĞŵĂũŽƌŝƚǇŽĨƐĐŚŽŽůƐƚƵĚĞŶƚƐŝƐƚŽĂƌƌŝǀĞĂƚƐĐŚŽŽůƐŝŶƚŝŵĞĨŽƌƐĐŚŽŽůƐƚĂƌƚ ƚŝŵĞƐĂŶĚƚŽĚĞƉĂƌƚƚŚĞƐĐŚŽŽůƐŚŽƌƚůǇĂĨƚĞƌƚŚĞƐĐŚŽŽůĚĂǇĞŶĚƐ͘^ŽŵĞƐƚƵĚĞŶƚƐǁŽƵůĚƐƚĂǇůĂƚĞƌĨŽƌ ĞǆƚƌĂĐƵƌƌŝĐƵůĂƌĂĐƚŝǀŝƚŝĞƐ͘dĂďůĞϯƉƌĞƐĞŶƚƐƚŚĞĐƵƌƌĞŶƚƐĐŚŽŽůƐƚĂƌƚĂŶĚĞŶĚƚŝŵĞƐ͘^ĐŚŽŽůƐƚĂƌƚƚŝŵĞƐĂƌĞ ďĞƚǁĞĞŶϳ͗ϯϬĂŶĚϴ͗ϬϬDĂŶĚƚŚŝƐƚŝŵĞƉĞƌŝŽĚĚŽĞƐĐŽƌƌĞƐƉŽŶĚǁŝƚŚƉĞĂŬĐŽŵŵƵƚĞƚŝŵĞƐ͕ǁŚĞƌĞƚŚĞ ŵĂǆŝŵƵŵŶƵŵďĞƌƐŽĨďƵƐĞƐĂƌĞŽƉĞƌĂƚŝŶŐ͘^ĐŚŽŽůĞŶĚƚŝŵĞƐĂƌĞďĞƚǁĞĞŶϮ͗ϯϬWDĂŶĚϯ͗ϬϬWDǁŚŝĐŚŝƐ ƚŚĞƚŝŵĞƉĞƌŝŽĚǁŚĞŶƐĞƌǀŝĐĞŝƐĐŚĂŶŐŝŶŐĨŽƌŵŵŝĚĚĂǇƐĞƌǀŝĐĞůĞǀĞůƐƚŽĞǀĞŶŝŶŐƉĞĂŬĐŽŵŵƵƚĞƉĞƌŝŽĚ ƐĞƌǀŝĐĞůĞǀĞůƐ͘ZŽĐŚĞƐƚĞƌWƵďůŝĐ^ĐŚŽŽůƐŝƐĐŽŶƐŝĚĞƌŝŶŐĐŚĂŶŐŝŶŐƚŚĞďĞůůƚŝŵĞƐƚŽƚŝŵĞƐƚŚĂƚďĞƐƚǁŽƌŬ ǁŝƚŚZWdƚŽƐƵƉƉŽƌƚƐĞƌǀŝĐĞ͘ dĂďůĞϯ͗ƵƌƌĞŶƚ^ĐŚŽŽů^ƚĂƌƚĂŶĚŶĚdŝŵĞƐ ^ĐŚŽŽů^ĐŚŽŽů^ƚĂƌƚdŝŵĞƐ^ĐŚŽŽůŶĚdŝŵĞƐ ĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůϳ͗ϰϬDϯ͗ϬϯWD :ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůϳ͗ϰϬDϮ͗ϯϬWD :ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůϳ͗ϰϬDϯ͗ϬϯWD <ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽůϳ͗ϰϬDϮ͗ϯϬWD >ŽƵƌĚĞƐ,ŝŐŚ^ĐŚŽŽůϳ͗ϱϱDϮ͗ϰϱWD DĂǇŽ,ŝŐŚ^ĐŚŽŽůϳ͗ϰϬDϯ͗ϬϯWD ZŽĐŚĞƐƚĞƌĞŶƚƌĂů>ƵƚŚĞƌĂŶ^ĐŚŽŽůϳ͗ϰϱDϮ͗ϰϱWD ZĞƐƵƌƌĞĐƚŝŽŶ>ƵƚŚĞƌĂŶ^ĐŚŽŽůϳ͗ϱϬDϮ͗ϯϱWD ^ĐŚĂĞĨĞƌĐĂĚĞŵǇϳ͗ϰϱDϮ͗ϱϬWD tŝůůŽǁƌĞĞŬDŝĚĚůĞ^ĐŚŽŽůϳ͗ϰϬDϮ͗ϯϬWD ĞƐŝĚĞƐƐĐŚŽŽůƐƐƚĂƌƚĂŶĚĞŶĚƚŝŵĞƐĐŽƌƌĞƐƉŽŶĚŝŶŐǁŝƚŚƉĞĂŬĐŽŵŵƵƚŝŶŐƚŝŵĞƐ͕ĂƐĞĐŽŶĚĐŽŶĐĞƌŶŝƐƚŚĂƚ ŵŝĚĚůĞƐĐŚŽŽůĂŶĚŚŝŐŚƐĐŚŽŽůƐƚĂƌƚĂŶĚĞŶĚƚŝŵĞƐĂƌĞǀĞƌǇĐůŽƐĞ͘dŚĞŝŵƉůŝĐĂƚŝŽŶŝƐƚŚĂƚŚŝŐŚƐĐŚŽŽů ƐƚƵĚĞŶƚƐĂŶĚŵŝĚĚůĞƐĐŚŽŽůƐƚƵĚĞŶƚƐǁŽƵůĚŶĞĞĚƚŽďĞĐĂƌƌŝĞĚŽŶďŽĂƌĚƚŚĞƐĂŵĞƚƌŝƉĂŶĚƚŚĂƚƚƌŝƉ ǁŽƵůĚŶĞĞĚƚŽƐĞƌǀĞďŽƚŚƚŚĞŚŝŐŚƐĐŚŽŽůĂŶĚŵŝĚĚůĞƐĐŚŽŽů͘dŚŝƐǁŽƵůĚŵŽƐƚůŝŬĞůǇƌĞƐƵůƚŝŶǀĞƌǇ ĐƌŽǁĚĞĚĐŽŶĚŝƚŝŽŶƐŽŶďŽĂƌĚďƵƐĞƐƚŚĂƚƐĞƌǀĞƐĐŚŽŽůƐĂŶĚƚŚĞŶĞĞĚƚŽƐĞƌǀĞƚǁŽĚŝĨĨĞƌĞŶƚƐĐŚŽŽů ůŽĐĂƚŝŽŶƐ͘KŶĞŽĨƚŚĞŐŽĂůƐƚŚĂƚZW^ŚĂƐŝƐƚŽŚĂǀĞĂůůƐĐŚŽŽůƐƐƚĂƌƚĂƚƚŚĞƐĂŵĞƚŝŵĞ͘ ͵Ǥʹ tŚŝůĞƚŚĞƉŽƚĞŶƚŝĂůƐƚƵĚĞŶƚƐƐĞƌǀĞĚƉƌĞƐĞŶƚĞĚŝŶƚŚĞƉƌĞǀŝŽƵƐĐŚĂƉƚĞƌĂƌĞďĂƐĞĚŽŶƐƚƵĚĞŶƚƐƚŚĂƚĐŽƵůĚ ĂĐĐĞƐƐƐĐŚŽŽůƐǁŝƚŚŽƵƚƚƌĂŶƐĨĞƌƌŝŶŐďĞƚǁĞĞŶďƵƐĞƐ͘DŽƌĞƐƚƵĚĞŶƚƐǁŽƵůĚďĞĂďůĞƚŽĂĐĐĞƐƐƐĐŚŽŽůƐŝĨ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2253,3093][11][,I,][Calibri]]WĂŐĞϭϳ 3DFNHW3J (D ƚŚĞǇǁĞƌĞƚŽƚƌĂŶƐĨĞƌŝŶŽǁŶƚŽǁŶZŽĐŚĞƐƚĞƌ͘ŶĂůƚĞƌŶĂƚŝǀĞƚŽƚƌĂŶƐĨĞƌƐŝƐƚŽĚĞǀĞůŽƉƌŽƵƚĞŝŶƚĞƌůŝŶĞƐ͕ ǁŚĞƌĞĂďƵƐĞŶƚĞƌƐĚŽǁŶƚŽǁŶĂƐŽŶĞƌŽƵƚĞĂŶĚĚĞƉĂƌƚƐĚŽǁŶƚŽǁŶŽŶĂĐŽŵƉůĞƚĞůǇĚŝĨĨĞƌĞŶƚƌŽƵƚĞ͕ƚŽ ĂůůŽǁƐŽŵĞƐƚƵĚĞŶƚƐƚŽĂĐĐĞƐƐƐĐŚŽŽůƐǁŝƚŚŽƵƚƚƌĂŶƐĨĞƌƌŝŶŐďĞƚǁĞĞŶďƵƐĞƐ͘ĞůŽǁĂƌĞƉŽƚĞŶƚŝĂů ŝŶƚĞƌůŝŶĞƐĨŽƌĞĂĐŚƐĐŚŽŽůƚŽďĞƐƚƐĞƌǀĞƉĂƐƐĞŶŐĞƌƐĚĞƐƚŝŶĞĚƚŽƚŚĞŵŝĚĚůĞĂŶĚŚŝŐŚƐĐŚŽŽůƐ͘ ͵ǤʹǤͳ ĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůǁŝůůďĞŶĞĨŝƚŐƌĞĂƚůǇĨƌŽŵƚŚĞƉƌŽƉŽƐĞĚďƵƐŶĞƚǁŽƌŬǁŚŝůĞ<ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽůǁŝůů ĐŽŶƚŝŶƵĞƚŽŶŽƚďĞĚŝƌĞĐƚůǇƐĞƌǀĞĚďǇĂŶǇďƵƐƌŽƵƚĞ͘ĂƐĞĚŽŶƚŚĞĐƵƌƌĞŶƚŶĞƚǁŽƌŬ͕ƚŚĞƌŽƵƚĞƐƚŚĂƚ ǁŽƵůĚƐĞƌǀĞƐƚƵĚĞŶƚƐǁŚŽĂƚƚĞŶĚĞŶƚƵƌǇ,ŝůůƐ,ŝŐŚ^ĐŚŽŽůĂŶĚ<ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽůĂƌĞZŽƵƚĞƐϭ͕Ϯ͕ ϰ͕ϭϭ͕ϭϮ͕ϭϲ͕ĂŶĚϭϳ͘dŽƐĞƌǀĞ<ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽůƚŚĞƐĞƌŽƵƚĞƐǁŽƵůĚŚĂǀĞƚŽŝŶƚĞƌůŝŶĞǁŝƚŚZŽƵƚĞϭ ĂŶĚĚĞǀŝĂƚĞƚŽƐĞƌǀĞƚŚĞƐĐŚŽŽů͘dŽƐĞƌǀĞĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůƚŚĞƐĞƌŽƵƚĞƐǁŽƵůĚŚĂǀĞƚŽŝŶƚĞƌůŝŶĞǁŝƚŚ ZŽƵƚĞϭϲ͘ hŶĚĞƌƚŚĞƉƌŽƉŽƐĞĚŶĞƚǁŽƌŬ<ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽůǁŝůůĐŽŶƚŝŶƵĞƚŽďĞďĞǇŽŶĚЬŵŝůĞĨƌŽŵĂďƵƐƐƚŽƉ ϭ ĂŶĚĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůǁŝůůďĞƐĞƌǀĞĚďǇZŽƵƚĞƐϭϮ͕ϭϲ͕ĂŶĚϵϭ͘ZŽƵƚĞƐϮϮ͕Ϯϰ͕ĂŶĚϳϰĐŽƵůĚŝŶƚĞƌůŝŶĞ ǁŝƚŚĞŝƚŚĞƌZŽƵƚĞƐϭϮŽƌϭϲŝŶŽǁŶƚŽǁŶZŽĐŚĞƐƚĞƌƚŽĨĂĐŝůŝƚĂƚĞƚƌĂǀĞůƚŽĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽů͘ WĂƐƐĞŶŐĞƌƐŽŶZŽƵƚĞϭĐĂŶĞĂƐŝůǇƚƌĂŶƐĨĞƌƚŽZŽƵƚĞϭϮŽƌϵϭŽƵƚƐŝĚĞŽĨŽǁŶƚŽǁŶZŽĐŚĞƐƚĞƌƚŽĂĐĐĞƐƐ ĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽů͘ŶǇƐĞƌǀŝĐĞƚŽ<ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽůǁŝůůƌĞƋƵŝƌĞƚŚĞƌŽƵƚĞƚŽĚĞǀŝĂƚĞƚŽƐĞƌǀĞƚŚĞ ƐĐŚŽŽů͘ ͵ǤʹǤʹ dŚĞƉƌŽƉŽƐĞĚŶĞƚǁŽƌŬĐŚĂŶŐĞǁŝůůŚĂǀĞǀĞƌǇůŝƚƚůĞŝŵƉĂĐƚŽŶ:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůĂŶĚ:ŽŚŶĚĂŵƐ DŝĚĚůĞ^ĐŚŽŽů͕ǁŝƚŚĂƐůŝŐŚƚƌĞĚƵĐƚŝŽŶŝŶƚŚĞŶƵŵďĞƌŽĨƐƚƵĚĞŶƚƐƚŚĂƚĐŽƵůĚƐĞƌǀĞĞĂĐŚƐĐŚŽŽů͘ĂƐĞĚŽŶ ƚŚĞĐƵƌƌĞŶƚŶĞƚǁŽƌŬ͕ƚŚĞƌŽƵƚĞƐƚŚĂƚǁŽƵůĚƐĞƌǀĞƚŚĞƐƚƵĚĞŶƚƐĂƚ:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůĂƌĞZŽƵƚĞƐ ϵ͕ϭϬ͕ĂŶĚϭϴ͘dŽƐĞƌǀĞ:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůƚŚĞƐĞƌŽƵƚĞƐǁŽƵůĚŝŶƚĞƌůŝŶĞǁŝƚŚZŽƵƚĞƐϴ͕ϭϭ͕ĂŶĚ ϭϵ͘:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůŝƐůŽĐĂƚĞĚŶĞĂƌZŽƵƚĞƐϭϬĂŶĚϭϮ͘dŽƐĞƌǀĞ:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽů ZŽƵƚĞƐϭϬĂŶĚϭϮǁŽƵůĚŶĞĞĚƚŽŝŶƚĞƌůŝŶĞǁŝƚŚZŽƵƚĞƐϴ͕ϵ͕ϭϭ͕ϭϴ͕ĂŶĚͬŽƌϭϵ͘ ŽƚŚ:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůĂŶĚ:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůĂƌĞƐĞƌǀĞĚďǇZŽƵƚĞϳϮƵŶĚĞƌƚŚĞ ƉƌŽƉŽƐĞĚŶĞƚǁŽƌŬ͘:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůŝƐĂůƐŽƐĞƌǀĞĚďǇZŽƵƚĞƐϲϮĂŶĚϲϰ͘dŽƐĞƌǀĞ:ŽŚŶ DĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůZŽƵƚĞƐϲϮ͕ϲϰ͕ĂŶĚϳϮǁŽƵůĚŶĞĞĚƚŽŝŶƚĞƌůŝŶĞǁŝƚŚZŽƵƚĞƐϱϮ͕ϱϰ͕ϳϯ͕ĂŶĚͬŽƌϳϰ͘ dŽƐĞƌǀĞ:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůZŽƵƚĞϳϮǁŽƵůĚŚĂǀĞƚŽŝŶƚĞƌůŝŶĞǁŝƚŚZŽƵƚĞƐϱϮ͕ϱϰ͕ϲϮ͕ϲϱ͕ϳϯ͕ ĂŶĚͬŽƌϳϰ͘ ͵ǤʹǤ͵ (D ͵Ǥ͵ ĂƐĞĚŽŶƚŚĞĂŶĂůǇƐŝƐŽĨĐƵƌƌĞŶƚƐĞƌǀŝĐĞĂŶĚƐƚƵĚĞŶƚŚŽŵĞůŽĐĂƚŝŽŶƐŝƚǁŝůůďĞĚŝĨĨŝĐƵůƚƚŽƐĞƌǀĞƐŝŐŶŝĨŝĐĂŶƚ ǀŽůƵŵĞƐŽĨƐƚƵĚĞŶƚƐŽŶƚŚĞĐƵƌƌĞŶƚƌŽƵƚĞŶĞƚǁŽƌŬ͘dŚĞƐĐŚŽŽůƐƚĂƌƚĂŶĚĞŶĚƚŝŵĞƐĐŽƌƌĞƐƉŽŶĚǁŝƚŚ ƉĞĂŬĐŽŵŵƵƚĞƚŝŵĞƐŝŵƉĂĐƚŝŶŐĐĂƉĂĐŝƚǇ͖ŚŽǁĞǀĞƌ͕ŽĨƚĞŶƚŝŵĞƐƚŚĞƐĐŚŽŽůůŽĐĂƚŝŽŶƐĂƌĞĂǁĂǇĨƌŽŵ ŽǁŶƚŽǁŶĂŶĚŵĂŶǇŽĨƚŚĞƐƚƵĚĞŶƚƐǁŽƵůĚďĞƚƌĂǀĞůŝŶŐŝŶƚŚĞŽƉƉŽƐŝƚĞĚŝƌĞĐƚŝŽŶŽĨƉĞĂŬƚƌĂĨĨŝĐ͘dŚĞ ŚŽŵĞůŽĐĂƚŝŽŶƐŽĨƐƚƵĚĞŶƚƐĂƌĞĚŝƐƉĞƌƐĞĚƚŚĂƚĂůŽƚŽĨƐƚƵĚĞŶƚƐǁŽƵůĚĞŝƚŚĞƌŶĞĞĚƚŽƚƌĂŶƐĨĞƌĂƚƚŚĞ ŽǁŶƚŽǁŶdƌĂŶƐŝƚĞŶƚĞƌ͕ŽƌŽƚŚĞƌůŽĐĂƚŝŽŶ͕ŽƌĂůĂƌŐĞŶƵŵďĞƌŽĨƌŽƵƚĞƐǁŝůůŶĞĞĚƚŽŝŶƚĞƌůŝŶĞƚŽƐĞƌǀĞ ƐĐŚŽŽůƐ͘ĂƐĞĚŽŶƚŚĞƌŽƵƚĞŶĞƚǁŽƌŬ͕ŝƚŵĂǇďĞŵŽƌĞĐŽƐƚĞĨĨĞĐƚŝǀĞƚŽĐƌĞĂƚĞĂƐĞƌǀŝĐĞƉůĂŶƚŚĂƚŚĂƐ ƌŽƵƚĞƐƚŚĂƚĐŽŶŶĞĐƚĐůƵƐƚĞƌƐŽĨƐƚƵĚĞŶƚƐƚŽƚŚĞƐĐŚŽŽůƚŚĞǇĂƚƚĞŶĚ͘ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2251,3093][11][,I,][Calibri]]WĂŐĞϭϵ 3DFNHW3J (D Ͷ dŚĞĨŽĐƵƐŽĨƚŚĞƐĞƌǀŝĐĞƉůĂŶŝƐƚŽƐĞƌǀĞƐƚƵĚĞŶƚƐĂƚƐŝǆƐĐŚŽŽůƐŝŶZŽĐŚĞƐƚĞƌ͖ĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽů͕DĂǇŽ ,ŝŐŚ^ĐŚŽŽů͕:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽů͕tŝůůŽǁƌĞĞŬDŝĚĚůĞ^ĐŚŽŽů͕:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽů͕ĂŶĚ <ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽů͘dŚĞƐĞĂƌĞƚŚĞƐĐŚŽŽůƐƚŚĂƚƐƚƵĚĞŶƚŚŽŵĞůŽĐĂƚŝŽŶƐĨŽƌƐƚƵĚĞŶƚƐƚŚĂƚĂƌĞ ƌĞŐŝƐƚĞƌĞĚĨŽƌǇĞůůŽǁďƵƐĞƐǁĞƌĞƉƌŽǀŝĚĞĚĨŽƌ͘dŽƐĞƌǀĞƚŚĞƐĞƐĐŚŽŽůƐƐŝǆƚĞĞŶŶĞǁĐƌŽƐƐƚŽǁŶƌŽƵƚĞƐ ǁĞƌĞĚĞǀĞůŽƉĞĚƚŚĂƚǁŽƵůĚƉƌŽǀŝĚĞƐĞƌǀŝĐĞƚŚĂƚǁŽƵůĚĂƌƌŝǀĞĂƚĞĂĐŚƐĐŚŽŽůƉƌŝŽƌƚŽƚŚĞƐƚĂƌƚŽĨĐůĂƐƐĞƐ ĂŶĚĚĞƉĂƌƚƚŚĞƐĐŚŽŽůƐƐŚŽƌƚůǇĂĨƚĞƌĐůĂƐƐĞƐĨŝŶŝƐŚ͘KŶĞƚƌŝƉǁŽƵůĚŽƉĞƌĂƚĞŝŶƚŚĞŵŽƌŶŝŶŐƉĞƌŝŽĚƚŚĂƚ ǁŽƵůĚďĞƚŝŵĞĚƚŽĂƌƌŝǀĞĂƚƚŚĞƐĐŚŽŽůĂƉƉƌŽǆŝŵĂƚĞůǇϭϬŵŝŶƵƚĞƐďĞĨŽƌĞƐĐŚŽŽůƐƐƚĂƌƚ͘/ŶƚŚĞĂĨƚĞƌŶŽŽŶ ĂƚƌŝƉǁŝůůŽƉĞƌĂƚĞƚŚĂƚǁŽƵůĚĚĞƉĂƌƚƚŚĞƐĐŚŽŽůĂƉƉƌŽǆŝŵĂƚĞůǇϭϬŵŝŶƵƚĞƐĂĨƚĞƌƐĐŚŽŽůƐĞŶĚ͘/Ŷ ŝŶƐƚĂŶĐĞƐǁŚĞŶĂƌŽƵƚĞƐĞƌǀĞƐŵƵůƚŝƉůĞƐĐŚŽŽůƐ͕ŝƚǁŽƵůĚďĞƐĐŚĞĚƵůĞĚďĂƐĞĚŽŶƚŚĞůĂƐƚƐĐŚŽŽůƐĞƌǀĞĚŝŶ ƚŚĞŵŽƌŶŝŶŐĂŶĚƚŚĞĨŝƌƐƚƐĐŚŽŽůƐĞƌǀĞĚŝŶƚŚĞĂĨƚĞƌŶŽŽŶ͘ĞƐŝĚĞƐƚŚĞƐĞŶĞǁƌŽƵƚĞƐ͕ĐƵƌƌĞŶƚZWdƌŽƵƚĞƐ ƚŚĂƚƐĞƌǀĞƐĐŚŽŽůƐǁŝůůĐŽŶƚŝŶƵĞƚŽƐĞƌǀĞƚŚĞƐĐŚŽŽůƐĂŶĚƐĞƌǀĞƐƚƵĚĞŶƚƐĂƚƚŚĞƐĐŚŽŽů͘ŵĂũŽƌŝƐƐƵĞ ǁŝƚŚƐĞƌǀŝĐĞƚŽƐĐŚŽŽůƐŝƐƚŚĂƚƚŚĞƐĐŚŽŽůƐƐƚĂƌƚƚŝŵĞƐĐŽƌƌĞƐƉŽŶĚǁŝƚŚƉĞĂŬĐŽŵŵƵƚĞƚŝŵĞƐŝŶ ZŽĐŚĞƐƚĞƌ͘dŚĞŝŵƉůŝĐĂƚŝŽŶŝƐƚŚĂƚƐĞƌǀŝĐĞƚŽƐĐŚŽŽůƐǁŝůůƌĞƋƵŝƌĞĂĚĚŝƚŝŽŶĂůďƵƐĞƐ͕ďĞǇŽŶĚǁŚĂƚŝƐ ŽƉĞƌĂƚŝŶŐŝŶDƉĞĂŬƐĞƌǀŝĐĞ͕ƚŽƉƌŽǀŝĚĞƐĞƌǀŝĐĞƚŽƐĐŚŽŽůƐ͘dŚŝƐŝƐƐƵĞŝƐŶŽƚĂƐƉƌŽŶŽƵŶĐĞĚĚƵƌŝŶŐƚŚĞ ĂĨƚĞƌŶŽŽŶƐĂƐƐĐŚŽŽůƐĚŝƐŵŝƐƐƚŽǁĂƌĚƐƚŚĞďĞŐŝŶŶŝŶŐŽĨƚŚĞWDƉĞĂŬƉĞƌŝŽĚ͕ƚŚĞƌĞĨŽƌĞZWdďƵƐĞƐĐŽƵůĚ ƐĞƌǀĞƐĐŚŽŽůƐďĞĨŽƌĞƐƚĂƌƚŝŶŐƚŚĞŝƌĂĨƚĞƌŶŽŽŶƌĞŐƵůĂƌƌŽƵƚĞƐ͘ dĂďůĞϰƉƌĞƐĞŶƚƐƚŚĞŶƵŵďĞƌŽĨƐƚƵĚĞŶƚƐƚŚĂƚĐĂŶďĞƐĞƌǀĞĚďǇZWd͘dŚŝƐƚĂďůĞƐŚŽǁƐƚŚĂƚƚŚĞƌŽƵƚĞƐ ƐĞƌǀĞĂƉƉƌŽǆŝŵĂƚĞůǇϳϱйŽĨƐƚƵĚĞŶƚƐƚŚĂƚĂƌĞƌĞŐŝƐƚĞƌĞĚĨŽƌǇĞůůŽǁďƵƐĞƐ͘dŚĞŶƵŵďĞƌŽĨƐƚƵĚĞŶƚƐĂŶĚ ƚŚĞƉĞƌĐĞŶƚĂŐĞŽĨƐƚƵĚĞŶƚƐƚŚĂƚĐĂŶďĞƐĞƌǀĞĚǀĂƌǇĨƌŽŵƐĐŚŽŽůƚŽƐĐŚŽŽůƌĂŶŐŝŶŐĨƌŽŵϰϵйŽĨĞŶƚƵƌǇ ,ŝŐŚ^ĐŚŽŽů͛ƐƉŽƉƵůĂƚŝŽŶƚŚĂƚŝƐƌĞŐŝƐƚĞƌĞĚƚŽƵƐĞǇĞůůŽǁďƵƐĞƐƚŽϴϯйŽĨtŝůůŽǁƌĞĞŬDŝĚĚůĞ^ĐŚŽŽů͛Ɛ ƉŽƉƵůĂƚŝŽŶƚŚĂƚŝƐƌĞŐŝƐƚĞƌĞĚƚŽƵƐĞǇĞůůŽǁďƵƐĞƐ͘dŚĞƉŽƚĞŶƚŝĂůƌŝĚĞƌƐŚŝƉŽĨĞĂĐŚŽĨƚŚĞƐĞƌŽƵƚĞƐ͕ƚŽƚĂů ŶƵŵďĞƌŽĨƐƚƵĚĞŶƚƐŵƵůƚŝƉůŝĞĚďǇƚǁŽĂƐƐƚƵĚĞŶƚƐŶĞĞĚƚŽŐĞƚƚŽĂŶĚĨƌŽŵƚŚĞƐĐŚŽŽů͕ǁŽƵůĚƌĂŶŬ ĂŵŽŶŐƐƚƐŽŵĞŽĨƚŚĞŚŝŐŚĞƐƚƌŝĚĞƌƐŚŝƉƌŽƵƚĞƐŝŶƚŚĞZWdƐǇƐƚĞŵ͕ĂŶĚƚŚŝƐǁŽƵůĚďĞĂŵŽŶŐŽŶůǇƚǁŽƚƌŝƉƐ ƉĞƌƌŽƵƚĞ͘dŚŝƐǁŽƵůĚƌĞƐƵůƚŝŶƚŚĞƐŝǆƚĞĞŶŶĞǁĐƌŽƐƐƚŽǁŶƌŽƵƚĞƐƚŚĂƚĂƌĞĚĞƐŝŐŶĞĚƚŽƐĞƌǀĞƐĐŚŽŽůƐƚŽ ďĞƚŚĞŵŽƐƚƉƌŽĚƵĐƚŝǀĞƌŽƵƚĞƐŝŶƚŚĞƐǇƐƚĞŵ͘dŚĂƚďĞŝŶŐƐĂŝĚ͕ǀĞŚŝĐůĞĐĂƉĂĐŝƚǇǁŽƵůĚůŝŵŝƚƚŚĞŶƵŵďĞƌ ŽĨƐƚƵĚĞŶƚƐƚŚĂƚĐŽƵůĚĂĐƚƵĂůůǇďĞƐĞƌǀĞĚ͘ dŚĞƌĞĂƌĞƚǁŽŝƐƐƵĞƐǁŝƚŚƉƌŽǀŝĚŝŶŐƚŚŝƐƐĞƌǀŝĐĞ͘dŚĞĨŝƌƐƚŝƐƐƵĞŝƐƚŚĂƚZWdďƵƐĞƐĚŽŶŽƚŚĂǀĞƚŚĞ ĐĂƉĂĐŝƚǇƚŽĐĂƌƌǇƚŚĞŶƵŵďĞƌŽĨƉĂƐƐĞŶŐĞƌƐƚŚĂƚǁŽƵůĚŶĞĞĚƚŽĂĐĐĞƐƐĂƐĐŚŽŽůĂƚŽŶĞƚŝŵĞĂƐĂϰϬͲĨŽŽƚ Ϯ ďƵƐŚĂƐĂĐĂƉĂĐŝƚǇŽĨĂďŽƵƚϲϬƉĂƐƐĞŶŐĞƌƐĂŶĚĂϲϬͲĨŽŽƚĂƌƚŝĐƵůĂƚĞĚ͕ǁŚŝĐŚZWdĚŽĞƐŶŽƚĐƵƌƌĞŶƚůǇŚĂǀĞ͕ ϯ ǁŽƵůĚŚĂǀĞƚŚĞĐĂƉĂĐŝƚǇƚŽĐĂƌƌǇĂďŽƵƚϵϬƉĂƐƐĞŶŐĞƌƐ͘dŚĞƐĞĐŽŶĚŝƐƐƵĞŝƐƚŚĂƚƉƌŽǀŝĚŝŶŐƐĞƌǀŝĐĞƚŽ ƐĐŚŽŽůƐŝƐƚŚĂƚƚŚĞWtdKŵŝŐŚƚŶŽƚŚĂǀĞƚŚĞĐĂƉĂĐŝƚǇƚŽƐƚŽƌĞĂŶĚŵĂŝŶƚĂŝŶďƵƐĞƐ͘dŚĞĐƵƌƌĞŶƚĨĂĐŝůŝƚǇ ŚĂƐĂĐĂƉĂĐŝƚǇŽĨϲϬďƵƐĞƐǁŝƚŚƐŚŽƌƚͲƚĞƌŵƉůĂŶƐƚŽĞǆƉĂŶĚƚŚĞĨĂĐŝůŝƚǇƚŽƐƚŽƌĞĂŶĚŵĂŝŶƚĂŝŶϴϰďƵƐĞƐ͖ ŚŽǁĞǀĞƌƐĞƌǀŝĐĞƉůĂŶƐŚĂǀĞĂƌĞƋƵŝƌĞŵĞŶƚĨŽƌϴϲďƵƐĞƐďǇϮϬϮϭ͘ ĞůŽǁŝƐĂĚĞƐĐƌŝƉƚŝŽŶŽĨƚŚĞZWdƌĞŐƵůĂƌƌŽƵƚĞƐĞƌǀŝĐĞƚŽĞĂĐŚŽĨƚŚĞƐĐŚŽŽůƐĂŶĚƚŚĞƐŝǆƚĞĞŶĐƌŽƐƐƚŽǁŶ ƌŽƵƚĞƐ͘/ŶĐůƵĚĞĚŝŶƚŚĞƐĞĚĞƐĐƌŝƉƚŝŽŶƐĂƌĞŵĂƉƐŽĨďƵƐƌŽƵƚĞƐƚŚĂƚǁŽƵůĚƚƌĂŶƐƉŽƌƚƐƚƵĚĞŶƚƐĂůŽŶŐ ŽǀĞƌůĂŝĚŽŶĂďĂƐĞƚŚĂƚƐŚŽǁƐƐƚƵĚĞŶƚŚŽŵĞůŽĐĂƚŝŽŶƐ͘ Ϯ ZŽƵŐŚůǇϭϱϬйŽĨƐĞĂƚĞĚĐĂƉĂĐŝƚǇŽĨĂďƵƐ ϯ ZŽƵŐŚůǇϭϱϬйŽĨƐĞĂƚĞĚĐĂƉĂĐŝƚǇŽĨƚŚĞďƵƐ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2251,3093][11][,I,][Calibri]]WĂŐĞϮϬ 3DFNHW3J 3DFNHW3J (D ͶǤͳ Ȁ ĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůĂŶĚ<ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽůƐĞƌǀĞƚŚĞƐĂŵĞĂƌĞĂƐ͕ǁŚŝĐŚŝƐŵŽƐƚŽĨŶŽƌƚŚĞƌŶ ZŽĐŚĞƐƚĞƌĂŶĚƐƵƌƌŽƵŶĚŝŶŐĂƌĞĂƐ͕ƐƚƌĞƚĐŚŝŶŐŶŽƌƚŚƚŽKƌŽŶŽĐŽ͘ĞĐĂƵƐĞŽĨƚŚĞůĂƌŐĞƐĐŚŽŽůĐĂƚĐŚŵĞŶƚ ĂƌĞĂ͕ŵƵĐŚŽĨŝƚŽƵƚƐŝĚĞŽĨƚŚĞŝƚǇŽĨZŽĐŚĞƐƚĞƌĂŶĚZWdƐĞƌǀŝĐĞĂƌĞĂ͕ŚĂǀĞƚŚĞĨĞǁĞƐƚƐƚƵĚĞŶƚƐƚŚĂƚ ĐŽƵůĚďĞƐĞƌǀĞĚďǇZWdďƵƐĞƐ͘ĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůŝƐƐĞƌǀĞĚďǇZŽƵƚĞƐϭϮ͕ϭϲ͕ĂŶĚϵϭ͘<ĞůůŽŐŐDŝĚĚůĞ ^ĐŚŽŽůŝƐŶŽƚǁŝƚŚŝŶĂЬŵŝůĞŽĨĂďƵƐƌŽƵƚĞ͘ĞƐŝĚĞƐƚŚĞZWdƌĞŐƵůĂƌƌŽƵƚĞƐƚŚĂƚƐĞƌǀĞƚŚĞƐĐŚŽŽůƐƚǁŽ ŶĞǁĐƌŽƐƐƚŽǁŶƌŽƵƚĞƐĐŽƵůĚƐĞƌǀĞĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůĂŶĚƚŚƌĞĞƌŽƵƚĞƐĐŽƵůĚƐĞƌǀĞ<ĞůůŽŐŐDŝĚĚůĞ ^ĐŚŽŽů͘dŚĞƐĞĨŝǀĞĐƌŽƐƐƚŽǁŶƌŽƵƚĞƐĂƌĞ͗ ĞŶƚƵƌǇEŽƌƚŚǁĞƐƚʹƚŚŝƐƌŽƵƚĞĐŽŶŶĞĐƚƐĞŶƚƵƌǇ,ŝůůƐ,ŝŐŚ^ĐŚŽŽůĂŶĚƚŚĞŶĞŝŐŚďŽƌŚŽŽĚƐEŽƌƚŚ ƚŚ ŽĨϯϳ^ƚƌĞĞƚEtďĞƚǁĞĞŶtĞƐƚZŝǀĞƌZŽĂĚĂŶĚd,ϱϮ ĞŶƚƵƌǇtĞƐƚʹƚŚŝƐƌŽƵƚĞĐŽŶŶĞĐƚĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůĂŶĚŶĞŝŐŚďŽƌŚŽŽĚƐĂůŽŶŐůƚŽŶ,ŝůůƐ ƌŝǀĞ <ĞůůŽŐŐĂƐƚʹƚŚŝƐƌŽƵƚĞĐŽŶŶĞĐƚƐ<ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽůĂŶĚŶĞŝŐŚďŽƌŚŽŽĚƐĞĂƐƚŽĨƚŚĞƐĐŚŽŽů <ĞůůŽŐŐEŽƌƚŚǁĞƐƚʹdŚŝƐƌŽƵƚĞĐŽŶŶĞĐƚƐ<ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽůĂŶĚŶĞŝŐŚďŽƌŚŽŽĚƐĂůŽŶŐůƚŽŶ ƚŚ ,ŝůůƐZŽĂĚƌŝǀĞĂŶĚEŽƌƚŚŽĨϯϳ^ƚƌĞĞƚEtďĞƚǁĞĞŶtĞƐƚZŝǀĞƌZŽĂĚĂŶĚd,ϱϮ <ĞůůŽŐŐ^ŽƵƚŚʹƚŚŝƐƌŽƵƚĞĐŽŶŶĞĐƚƐ<ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽůĂŶĚƚŚĞŶĞŝŐŚďŽƌŚŽŽĚƐƐŽƵƚŚŽĨƚŚĞ ƐĐŚŽŽůĂŶĚĞĂƐƚŽĨƌŽĂĚǁĂǇǀĞŶƵĞEŽƌƚŚ dŚĞƌŽƵƚĞƐƐĞƌǀŝŶŐĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůĂŶĚ<ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽůĂƌĞƉƌĞƐĞŶƚĞĚŽŶ&ŝŐƵƌĞϮϰ͘ &ŝŐƵƌĞϮϰ͗ZŽƵƚĞƐ^ĞƌǀŝŶŐĞŶƚƵƌǇ,ŝŐŚ^ĐŚŽŽůĂŶĚ<ĞůůŽŐŐDŝĚĚůĞ^ĐŚŽŽů [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2250,3093][11][,I,][Calibri]]WĂŐĞϮϮ 3DFNHW3J (D ͶǤʹ Ȁ :ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůĂŶĚ:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůƐĞƌǀĞƚŚĞƐĂŵĞĂƌĞĂƐ͕ǁŚŝĐŚŝŶĐůƵĚĞĐĞŶƚƌĂů ZŽĐŚĞƐƚĞƌĂŶĚĂƌĞĂƐǁĞƐƚŽĨd,ϱϮ͘:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůŝƐĚŝƌĞĐƚůǇƐĞƌǀĞĚďǇZŽƵƚĞƐϲϮ͕ϲϰ͕ĂŶĚ ϳϮ͘:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůŝƐĚŝƌĞĐƚůǇƐĞƌǀĞĚďǇZŽƵƚĞϳϮ͘ĞƐŝĚĞƐƚŚĞZWdƌĞŐƵůĂƌƌŽƵƚĞƐƚŚĂƚƐĞƌǀĞ ƚŚĞƐĐŚŽŽůƐĨŽƵƌŶĞǁĐƌŽƐƐƚŽǁŶƌŽƵƚĞƐĐŽƵůĚƐĞƌǀĞ:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůĂŶĚ:ŽŚŶĚĂŵƐDŝĚĚůĞ ^ĐŚŽŽů͘dŚĞƐĞĨŽƵƌĐƌŽƐƐƚŽǁŶƌŽƵƚĞƐĂƌĞ͗ :ŽŚŶDĂƌƐŚĂůůEŽƌƚŚʹŽŶŶĞĐƚƐ:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůͬ:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůĂŶĚ ŶĞŝŐŚďŽƌŚŽŽĚƐĂůŽŶŐtĞƐƚZŝǀĞƌZŽĂĚĂŶĚŶĞŝŐŚďŽƌŚŽŽĚƐŶŽƌƚŚŽĨϰϭ^ƚƌĞĞƚEtĞĂƐƚŽĨd,ϱϮ :ŽŚŶDĂƌƐŚĂůůEŽƌƚŚǁĞƐƚʹŽŶŶĞĐƚƐ:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůͬ:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůĂŶĚ Ɛƚ ŶĞŝŐŚďŽƌŚŽŽĚƐǁĞƐƚŽĨd,ϱϮŶŽƌƚŚŽĨϰϭ^ƚƌĞĞƚEt :ŽŚŶDĂƌƐŚĂůů^ŽƵƚŚǁĞƐƚʹŽŶŶĞĐƚƐ:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůͬ:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůĂŶĚ ŶĚ ƚŚĞŽƵŶƚƌǇůƵďƐƚĂƚĞƐĂƌĞĂĂŶĚŽƚŚĞƌŶĞŝŐŚďŽƌŚŽŽĚƐĂůŽŶŐϮ^ƚƌĞĞƚ^t :ŽŚŶDĂƌƐŚĂůůtĞƐƚʹŽŶŶĞĐƚƐ:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůͬ:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůĂŶĚ ŶĞŝŐŚďŽƌŚŽŽĚƐǁĞƐƚŽĨd,ϱϮĂůŽŶŐsĂůůĞǇŚŝŐŚƌŝǀĞEt dŚĞƌŽƵƚĞƐƐĞƌǀŝŶŐ:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůĂŶĚ:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽůĂƌĞƉƌĞƐĞŶƚĞĚŽŶ&ŝŐƵƌĞ Ϯϱ͘ &ŝŐƵƌĞϮϱ͗ZŽƵƚĞƐ^ĞƌǀŝŶŐ:ŽŚŶDĂƌƐŚĂůů,ŝŐŚ^ĐŚŽŽůĂŶĚ:ŽŚŶĚĂŵƐDŝĚĚůĞ^ĐŚŽŽů [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2250,3093][11][,I,][Calibri]]WĂŐĞϮϯ 3DFNHW3J (D ͶǤ͵ Ȁ (D &ŝŐƵƌĞϮϲ͗ZŽƵƚĞƐ^ĞƌǀŝŶŐDĂǇŽ,ŝŐŚ^ĐŚŽŽůĂŶĚtŝůůŽǁƌĞĞŬDŝĚĚůĞ^ĐŚŽŽů ͶǤͶ dŚĞŽƉĞƌĂƚŝŶŐƉůĂŶĂƐƐƵŵĞƐƚŚĂƚƐĞƌǀŝĐĞǁŝůůŽƉĞƌĂƚĞƚŚƌĞĞƚŝŵĞƐĂĚĂǇ͘dŚĞĨŝƌƐƚƚŝŵĞƉĞƌŝŽĚǁŽƵůĚďĞ ũƵƐƚĂĨƚĞƌƚŚĞDƉĞĂŬĐŽŵŵƵƚĞƉĞƌŝŽĚ͕ŝŶƚŝŵĞƚŽĚĞůŝǀĞƌƐƚƵĚĞŶƚƐƚŽƐĐŚŽŽůƉƌŝŽƌƚŽƐĐŚŽŽůƐƚĂƌƚƚŝŵĞƐ͘ dŚĞƐĞĐŽŶĚƉĞƌŝŽĚǁŽƵůĚďĞƚŽƉŝĐŬƵƉƐƚƵĚĞŶƚƐƌŝŐŚƚĂĨƚĞƌƐĐŚŽŽůůĞƚƐŽƵƚǁŚŝĐŚĐŽƌƌĞƐƉŽŶĚƐƚŽƚŚĞ ďĞŐŝŶŶŝŶŐŽĨWDƉĞĂŬĐŽŵŵƵƚĞƉĞƌŝŽĚ͘dŚĞƚŚŝƌĚƚŝŵĞƉĞƌŝŽĚǁŝůůďĞǁŚĞŶĂĨƚĞƌƐĐŚŽŽůĂĐƚŝǀŝƚŝĞƐ ĐŽŶĐůƵĚĞǁŚŝĐŚĐŽƌƌĞƐƉŽŶĚƐǁŝƚŚƚŚĞĞŶĚŽĨƚŚĞWDƉĞĂŬĐŽŵŵƵƚĞƉĞƌŝŽĚ͘ZWdƌĞŐƵůĂƌƌŽƵƚĞƐǁŝůů ďĞŶĞĨŝƚĨƌŽŵĂĚĚŝƚŝŽŶĂůƌŝĚĞƌƐŚŝƉĨƌŽŵƐĐŚŽŽůƐƚƵĚĞŶƚƐ͕ďƵƚƌŝĚĞƌƐŚŝƉŝƐŶŽƚƉƌŽũĞĐƚĞĚƚŽďĞŚŝŐŚĞŶŽƵŐŚ ƚŽƌĞƋƵŝƌĞĂĚĚŝƚŝŽŶĂůƚƌŝƉƐ͘ dŚĞĞƐƚŝŵĂƚĞŽĨƚŚĞŶƵŵďĞƌŽĨďƵƐĞƐƌĞƋƵŝƌĞĚĨŽƌĞĂĐŚƌŽƵƚĞŝƐďĂƐĞĚŽŶƚŚĞDƚƌŝƉƐ͘dŚŝƐŝƐƚŚĞƚŝŵĞ ƉĞƌŝŽĚǁŚĞŶƚŚĞŐƌĞĂƚĞƐƚŶƵŵďĞƌŽĨƉĞŽƉůĞǁŽƵůĚďĞƵƐŝŶŐƚŚĞƐĞƌǀŝĐĞĂƐĂůůƐƚƵĚĞŶƚƐǁŽƵůĚĂƌƌŝǀĞĂƚ ƐĐŚŽŽůĂƚƚŚĞƐĂŵĞƚŝŵĞ͘/ƚŝƐĂƐƐƵŵĞĚƚŚĂƚĂůůŵŝĚĚůĞƐĐŚŽŽůƐƚƵĚĞŶƚƐĂŶĚϳϬйŽĨŚŝŐŚƐĐŚŽŽůƐƚƵĚĞŶƚĞƐ ƌĞŐŝƐƚĞƌĞĚƚŽƵƐĞƐĐŚŽŽůďƵƐĞƐǁŽƵůĚƵƐĞZWdďƵƐĞƐƚŽŐĞƚƚŽƐĐŚŽŽů͕ǁŚŝĐŚŝƐƌĞĨůĞĐƚĞĚŝŶƚŚĞĂĚũƵƐƚĞĚ ƉƌŽũĞĐƚĞĚŶƵŵďĞƌŽĨƐƚƵĚĞŶƚƐƐĞƌǀĞĚŝŶdĂďůĞϱ͘dŚĞƌĞĨŽƌĞƚŚĞĐĂƉĂĐŝƚǇŽĨĂZWdďƵƐŽŶƚŚĞƐĞƌŽƵƚĞƐŝƐ ĂƐƐƵŵĞĚƚŽďĞϲϬƉĂƐƐĞŶŐĞƌƐǁŚŝĐŚŝƐĂƉƉƌŽǆŝŵĂƚĞůǇϭϱϬйŽĨƚŚĞƐĞĂƚĞĚůŽĂĚŽĨƚŚĞďƵƐ͘/ŶƚŚĞD [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2250,3093][11][,I,][Calibri]]WĂŐĞϮϱ 3DFNHW3J (D ƉĞƌŝŽĚ͕ϱϬďƵƐĞƐǁŽƵůĚďĞƌĞƋƵŝƌĞĚƚŽƚƌĂŶƐƉŽƌƚƐƚƵĚĞŶƚƐƚŽƐĐŚŽŽů͘/ƚŝƐĂƐƐƵŵĞĚĂƉƉƌŽǆŝŵĂƚĞůǇϱϱйŽĨ ƚŚĞƐƚƵĚĞŶƚƐǁŽƵůĚƵƐĞƚŚĞďƵƐƚŽŐĞƚŚŽŵĞĂĨƚĞƌƐĐŚŽŽůĞŶĚƐĂŶĚϰϱйƐƚĂǇĨŽƌĂĨƚĞƌƐĐŚŽŽůĂĐƚŝǀŝƚŝĞƐ ƚŚĞƌĞĨŽƌĞϮϳďƵƐĞƐĂƌĞŶĞĞĚĞĚŝŵŵĞĚŝĂƚĞůǇĂĨƚĞƌƐĐŚŽŽůĂŶĚϮϯďƵƐĞƐĂƌĞŶĞĞĚĞĚĨŽƌĂĐƚŝǀŝƚŝĞƐ͘dŚĞ ŶƵŵďĞƌŽĨďƵƐĞƐƉĞƌƌŽƵƚĞƚŚĂƚĨŽƌŵƚŚŝƐŽƉĞƌĂƚŝŶŐƉůĂŶŝƐƉƌĞƐĞŶƚĞĚŽŶdĂďůĞϱ͘ dĂďůĞϱ͗sĞŚŝĐůĞƐZĞƋƵŝƌĞĚĨŽƌ^ĐŚŽŽů^ĞƌǀŝĐĞ ZŽƵƚĞĚũƵƐƚĞĚEƵŵďĞƌŽĨDEƵŵďĞƌŽĨĨƚĞƌEƵŵďĞƌŽĨ ϰ WƌŽũĞĐƚĞĚƵƐĞƐ^ĐŚŽŽůƵƐĞƐĐƚŝǀŝƚǇƵƐĞƐ ^ƚƵĚĞŶƚƐ^ĞƌǀĞĚ ĞŶƚƵƌǇEŽƌƚŚǁĞƐƚϴϲϮϭϭ ĞŶƚƵƌǇtĞƐƚϳϭϮϭϭ :ŽŚŶDĂƌƐŚĂůůEŽƌƚŚϮϳϭϰϮϮ :ŽŚŶDĂƌƐŚĂůůEŽƌƚŚǁĞƐƚϰϵϯϴϰϰ :ŽŚŶDĂƌƐŚĂůů^ŽƵƚŚǁĞƐƚϯϬϱϱϯϮ :ŽŚŶDĂƌƐŚĂůůtĞƐƚϭϴϱϯϮϭ <ĞůůŽŐŐĂƐƚϭϲϮϯϮϭ <ĞůůŽŐŐEŽƌƚŚǁĞƐƚϭϭϬϮϭϭ <ĞůůŽŐŐ^ŽƵƚŚϭϮϰϮϭϭ DĂǇŽEĞĂƌtĞƐƚϭϯϭϮϭϭ DĂǇŽEŽƌƚŚϮϯϳϰϮϮ DĂǇŽEŽƌƚŚǁĞƐƚϴϲϮϭϭ DĂǇŽ^ŽƵƚŚϭϮϰϮϭϭ DĂǇŽ^ŽƵƚŚĞĂƐƚϭϮϯϮϭϭ DĂǇŽ^ŽƵƚŚǁĞƐƚϭϲϵϯϮϭ DĂǇŽtĞƐƚϮϬϱϰϮϮ dŽƚĂůϮ͕ϴϴϮϱϬϮϳϮϯ ϰ ĂƐĞĚŽŶĂϭ͘ϱůŽĂĚĨĂĐƚŽƌĨŽƌĂϰϬͲĨŽŽƚďƵƐ͕ǁŚŝĐŚŝƐϲϬƉĂƐƐĞŶŐĞƌƐ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2251,3093][11][,I,][Calibri]]WĂŐĞϮϲ 3DFNHW3J (D ͷ dŚŝƐƐĞĐƚŝŽŶƉƌĞƐĞŶƚƐƚŚĞŽƉĞƌĂƚŝŶŐĐŽƐƚƐĂŶĚƉŽƚĞŶƚŝĂůƌĞǀĞŶƵĞƐŽƵƌĐĞƐĨŽƌƐĞƌǀŝĐĞƚŽZŽĐŚĞƐƚĞƌWƵďůŝĐ ^ĐŚŽŽůƐ͘dŚĞŽƉĞƌĂƚŝŶŐĐŽƐƚƐĂƌĞďĂƐĞĚŽŶƚŚĞŝŵƉůĞŵĞŶƚĂƚŝŽŶŽĨƐŝǆƚĞĞŶƌŽƵƚĞƐĚĞƐĐƌŝďĞĚƉƌĞǀŝŽƵƐůǇ͘ ĂƉŝƚĂůĐŽƐƚƐĂƌĞďĂƐĞĚŽŶŵĂũŽƌĐĂƉŝƚĂůĞǆƉĞŶĚŝƚƵƌĞƐƌĞƋƵŝƌĞĚƚŽŝŵƉůĞŵĞŶƚƐĞƌǀŝĐĞ͘&ŝŶĂůůǇƉŽƚĞŶƚŝĂů ƌĞǀĞŶƵĞƐŽƵƌĐĞƐĂƌĞƉƌĞƐĞŶƚĞĚƚŽĨŝŶĂŶĐĞƚŚĞŽƉĞƌĂƚŝŽŶŽĨƚŚĞŶĞǁďƵƐƌŽƵƚĞƐƚŚĂƚǁŽƵůĚƚƌĂŶƐƉŽƌƚ ZŽĐŚĞƐƚĞƌWƵďůŝĐ^ĐŚŽŽů;ZW^ͿƐƚƵĚĞŶƚƐ͘ ͷǤͳ KƉĞƌĂƚŝŶŐĐŽƐƚƐĂƌĞďĂƐĞĚŽŶƚŚĞĐŽƐƚŵŽĚĞůƚŚĂƚǁĂƐĚĞǀĞůŽƉĞĚĨŽƌƚŚĞdƌĂŶƐŝƚĞǀĞůŽƉŵĞŶƚWůĂŶ͘dŚŝƐ ĐŽƐƚŵŽĚĞůŝƐďĂƐĞĚŽŶƌĞǀĞŶƵĞŚŽƵƌƐŽĨƐĞƌǀŝĐĞ͕ĚŝƐƚĂŶĐĞƚƌĂǀĞůĞĚ͕ĂŶĚŶƵŵďĞƌŽĨďƵƐĞƐŽƉĞƌĂƚĞĚ͘/ƚŝƐ ĂƐƐƵŵĞĚƚŚĂƚƚŚĞƌĞŐƵůĂƌZWdƌŽƵƚĞƐǁŽƵůĚŶŽƚƐĞĞĂŶǇĐŚĂŶŐĞƚŽĐŽƐƚƐ͘dŚĞƐŝǆƚĞĞŶŶĞǁƌŽƵƚĞƐƚŚĂƚ ĂƌĞĚĞƐŝŐŶĞĚƚŽƐĞƌǀĞƐĐŚŽŽůƐǁŽƵůĚŽƉĞƌĂƚĞĂƉƉƌŽǆŝŵĂƚĞůǇϭϴϬĚĂǇƐƉĞƌǇĞĂƌ͘dĂďůĞϲƉƌĞƐĞŶƚƐƚŚĞ ƉƌŽũĞĐƚĞĚŽƉĞƌĂƚŝŶŐĐŽƐƚƐĨŽƌƚŚĞƐŝǆƚĞĞŶƐĐŚŽŽůƌŽƵƚĞƐŝŶƚŚĞĨŝǀĞǇĞĂƌƐĨŽƌŵϮϬϭϳĂŶĚϮϬϮϭ͕ĂůŽŶŐǁŝƚŚ ƚŚĞĨĂĐƚŽƌƐƚŚĂƚŝŶĨůƵĞŶĐĞƚŚĞŽƉĞƌĂƚŝŶŐĐŽƐƚƐ͘ dĂďůĞϲ͗KƉĞƌĂƚŝŶŐŽƐƚĨŽƌϭϲZŽƵƚĞƐKƌŝĞŶƚĞĚƚŽ^ĐŚŽŽůƐ dƌŝƉdƌŝƉŶŶƵĂůŶŶƵĂů ,ŽƵƌƐDŝůĞƐƵƐĞƐ,ŽƵƌƐDŝůĞƐϮϬϭϳϮϬϭϴϮϬϭϵϮϬϮϬϮϬϮϭ ϭ͘ϰϮϮϭ͘ϮϴϮϱϭϬϳ͕ϲϲϭΨϯϳ͕ϱϳϬΨϯϴ͕ϲϯϮΨϯϵ͕ϲϵϰΨϰϬ͕ϳϲϳΨϰϭ͕ϴϮϮ ĞŶƚƵƌǇEŽƌƚŚǁĞƐƚ ϭ͘ϬϬϭϯ͘ϬϮϮϯϲϬϰ͕ϲϴϳΨϮϴ͕ϬϰϰΨϮϴ͕ϴϰϬΨϮϵ͕ϲϯϲΨϯϬ͕ϰϰϯΨϯϭ͕Ϯϯϳ ĞŶƚƵƌǇtĞƐƚ ϭ͘ϬϬϭϮ͘ϴϱϱϵϬϬϭϭ͕ϱϲϱΨϲϵ͕ϵϮϮΨϳϭ͕ϵϬϰΨϳϯ͕ϴϵϬΨϳϱ͕ϵϬϬΨϳϳ͕ϴϴϬ :ŽŚŶDĂƌƐŚĂůůEŽƌƚŚ ϭ͘Ϯϱϭϳ͘ϴϵϴϭ͕ϴϬϬϮϱ͕ϳϲϮΨϭϯϰ͕ϴϴϲΨϭϯϴ͕ϳϬϭΨϭϰϮ͕ϱϮϭΨϭϰϲ͕ϯϴϮΨϭϱϬ͕ϭϴϬ :ŽŚŶDĂƌƐŚĂůůEŽƌƚŚǁĞƐƚ ϭ͘ϱϬϮϮ͘ϬϮϱϭ͕ϯϱϬϭϵ͕ϴϭϴΨϵϳ͕ϲϳϭΨϭϬϬ͕ϰϮϴΨϭϬϯ͕ϭϴϱΨϭϬϱ͕ϵϳϬΨϭϬϴ͕ϳϬϯ :ŽŚŶDĂƌƐŚĂůů^ŽƵƚŚǁĞƐƚ ϭ͘Ϯϱϭϲ͘ϱϳϯϲϳϱϴ͕ϵϰϴΨϰϵ͕ϲϵϵΨϱϭ͕ϭϬϰΨϱϮ͕ϱϬϵΨϱϯ͕ϵϮϵΨϱϱ͕ϯϮϰ :ŽŚŶDĂƌƐŚĂůůtĞƐƚ ϭ͘ϯϯϭϴ͘ϳϰϯϳϮϬϭϬ͕ϭϮϬΨϱϮ͕ϵϬϯΨϱϰ͕ϯϵϴΨϱϱ͕ϴϵϯΨϱϳ͕ϰϬϱΨϱϴ͕ϴϴϵ <ĞůůŽŐŐĂƐƚ ϭ͘ϱϬϮϭ͘ϭϱϮϱϰϬϳ͕ϲϭϰΨϯϴ͕ϲϴϭΨϯϵ͕ϳϳϮΨϰϬ͕ϴϲϮΨϰϭ͕ϵϲϰΨϰϯ͕Ϭϰϱ <ĞůůŽŐŐEŽƌƚŚǁĞƐƚ ϭ͘ϯϯϭϳ͘ϵϲϮϰϴϬϲ͕ϰϲϲΨϯϰ͕ϵϮϭΨϯϱ͕ϵϬϳΨϯϲ͕ϴϵϯΨϯϳ͕ϴϵϬΨϯϴ͕ϴϲϴ <ĞůůŽŐŐ^ŽƵƚŚ Ϭ͘ϴϯϭϬ͘ϲϴϮϯϬϬϯ͕ϴϰϱΨϮϰ͕ϲϲϰΨϮϱ͕ϯϲϱΨϮϲ͕ϬϲϵΨϮϲ͕ϳϴϯΨϮϳ͕ϰϴϳ DĂǇŽEĞĂƌtĞƐƚ ϭ͘ϭϳϭϱ͘ϰϴϰϴϰϬϭϭ͕ϭϰϲΨϲϮ͕ϵϱϳΨϲϰ͕ϳϯϳΨϲϲ͕ϱϮϬΨϲϴ͕ϯϮϯΨϳϬ͕Ϭϵϱ DĂǇŽEŽƌƚŚ ϭ͘ϬϬϭϮ͘ϲϲϮϯϲϬϰ͕ϱϱϴΨϮϳ͕ϴϴϰΨϮϴ͕ϲϳϰΨϮϵ͕ϰϲϲΨϯϬ͕ϮϲϳΨϯϭ͕Ϭϱϲ DĂǇŽEŽƌƚŚǁĞƐƚ ϭ͘ϳϱϮϲ͘ϭϬϮϲϯϬϵ͕ϯϵϲΨϰϰ͕ϯϵϯΨϰϱ͕ϲϰϰΨϰϲ͕ϴϵϰΨϰϴ͕ϭϱϲΨϰϵ͕ϯϵϯ DĂǇŽ^ŽƵƚŚ ϭ͘ϳϱϮϯ͘ϲϳϮϲϯϬϴ͕ϱϮϭΨϰϯ͕ϯϭϬΨϰϰ͕ϱϮϴΨϰϱ͕ϳϰϰΨϰϲ͕ϵϳϮΨϰϴ͕ϭϳϯ DĂǇŽ^ŽƵƚŚĞĂƐƚ ϭ͘ϭϳϭϲ͘ϯϭϯϲϯϬϴ͕ϴϬϳΨϰϳ͕ϳϳϯΨϰϵ͕ϭϮϱΨϱϬ͕ϰϳϵΨϱϭ͕ϴϰϵΨϱϯ͕ϭϵϲ DĂǇŽ^ŽƵƚŚǁĞƐƚ ϭ͘Ϭϴϭϯ͘Ϭϲϯϱϴϱϳ͕ϬϱϮΨϰϯ͕ϴϰϲΨϰϱ͕ϬϴϲΨϰϲ͕ϯϮϴΨϰϳ͕ϱϴϯΨϰϴ͕ϴϭϴ DĂǇŽtĞƐƚ ϱϬϭϭ͕ϯϭϬϭϱϱ͕ϵϲϱΨϴϯϵ͕ϭϮϰΨϴϲϮ͕ϴϰϰΨϴϴϲ͕ϱϴϰΨϵϭϬ͕ϱϴϬΨϵϯϰ͕ϭϲϱ dŽƚĂů ͷǤʹ dŚĞƉƌŝŵĂƌǇĐĂƉŝƚĂůƌĞƐŽƵƌĐĞƌĞƋƵŝƌĞĚǁŝůůďĞĂĚĚŝƚŝŽŶĂůďƵƐĞƐ͘/ĚĞĂůůǇ͕ƐŽŵĞŽĨƚŚĞďƵƐĞƐǁŽƵůĚďĞ ŝŶƚĞƌůŝŶĞĚǁŝƚŚƌĞŐƵůĂƌƌŽƵƚĞƐ͖ϮϴďƵƐĞƐĂƌĞĂǀĂŝůĂďůĞƐŽĂŶĂĚĚŝƚŝŽŶĂůϮϮďƵƐĞƐǁŽƵůĚŶĞĞĚƚŽďĞ ϱ ƉƵƌĐŚĂƐĞĚ͘dŚĞƌĞĨŽƌĞƚŚŝƐƉůĂŶĂƐƐƵŵĞƐƚŚĂƚĂůůƚŚĞďƵƐĞƐƚŚĂƚǁŝůůďĞŶĞĞĚĞĚƚŽƉƌŽǀŝĚĞƐĞƌǀŝĐĞƚŽ ϱ ^ƉĂƌĞďƵƐĞƐǁŝůůŶŽƚďĞƌĞƋƵŝƌĞĚĂƐƚŚĞĂĚĚŝƚŝŽŶĂůϮϮďƵƐĞƐǁŝůůŶŽƚŝŶĐƌĞĂƐĞƚŚĞŶƵŵďĞƌŽĨǀĞŚŝĐůĞƐŽƉĞƌĂƚĞĚŝŶ ŵĂǆŝŵƵŵƐĞƌǀŝĐĞ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2253,3093][11][,I,][Calibri]]WĂŐĞϮϳ 3DFNHW3J (D ƐĐŚŽŽůƐǁŝůůďĞŶĞǁďƵƐĞƐ͕ďĞǇŽŶĚƚŚĞĐƵƌƌĞŶƚĨůĞĞƚ͘ůƐŽ͕ŶŽƚŽŶůǇǁŝůůZWdŶĞĞĚďƵƐĞƐƚŽƉƌŽǀŝĚĞƚŚĞ ƐĞƌǀŝĐĞ͕ďƵƚƐƉĂƌĞďƵƐĞƐǁŝůůďĞƌĞƋƵŝƌĞĚƚŽŵĂŝŶƚĂŝŶĂƉƌŽƉĞƌƐƉĂƌĞƐƌĂƚŝŽ͕ƚŚĞƌĞĨŽƌĞŶŝŶĞƚĞĞŶĂĚĚŝƚŝŽŶĂů ďƵƐĞƐǁŝůůŶĞĞĚƚŽďĞƉƵƌĐŚĂƐĞĚŝŶŽƌĚĞƌƚŽŽƉĞƌĂƚĞƐŝǆƚĞĞŶďƵƐĞƐƚŽƐĞƌǀĞZW^͘dŚŝƐŝƐŚŝŐŚůŝŐŚƚĞĚŽŶ dĂďůĞϲ͘ƵƐĞƐǁŽƵůĚŶĞĞĚƚŽďĞƌĞƉůĂĐĞĚĞǀĞƌǇĨŝĨƚĞĞŶǇĞĂƌƐ͘ůůďƵƐĞƐĂƌĞĂƐƐƵŵĞĚƚŽďĞϰϬͲĨŽŽƚ ďƵƐĞƐ͘ ĞƐŝĚĞƐďƵƐĞƐ͕ƚŚĞŽƚŚĞƌĐĂƉŝƚĂůĐŽƐƚĨŽƌƚŚĞƐĞƐŝǆƚĞĞŶƌŽƵƚĞƐǁŝůůďĞďƵƐƐƚŽƉƐŝŐŶƐ͘/ŶŵĂŶǇŝŶƐƚĂŶĐĞƐ ƚŚĞƌŽƵƚĞƐǁŝůůďĞƵƚŝůŝǌŝŶŐƚŚĞƐĂŵĞďƵƐƐƚŽƉƐĂƐƚŚĞƌĞŐƵůĂƌZWdƌŽƵƚĞƐ͖ŚŽǁĞǀĞƌ͕ƐŽŵĞŽĨƚŚĞƐĞƌŽƵƚĞƐ ǁŝůůƐĞƌǀĞŶĞǁĂůŝŐŶŵĞŶƚƐƚŚĂƚĂƌĞŶŽƚƐĞƌǀĞĚďǇZWdƌŽƵƚĞƐ͘ƵƐƐƚŽƉƐŝŐŶƐǁŝůůŶĞĞĚƚŽďĞŝŶƐƚĂůůĞĚĂƚ ďƵƐƐƚŽƉůŽĐĂƚŝŽŶƐƚŽŝĚĞŶƚŝĨǇǁŚĞƌĞďƵƐĞƐǁŝůůƉŝĐŬƵƉĂŶĚůĞƚƉĂƐƐĞŶŐĞƌƐŽĨĨƚŚĞďƵƐ͘dŚĞďƵƐƐƚŽƉƐŝŐŶƐ ĂƌĞŚŝŐŚůŝŐŚƚĞĚŽŶdĂďůĞϲ͘hƉƚŽϱϬĂĚĚŝƚŝŽŶĂůďƵƐƐƚŽƉƐŝŐŶƐǁŝůůŶĞĞĚƚŽďĞƉƵƌĐŚĂƐĞĚ͘ &ƵŶĚŝŶŐĨŽƌƚŚŝƐĐĂƉŝƚĂůƉůĂŶǁŝůůĐŽŵĞĨƌŽŵĂĐŽŵďŝŶĂƚŝŽŶŽĨůŽĐĂůƐŽƵƌĐĞƐĂŶĚƐƚĂƚĞƐŽƵƌĐĞƐ͘dŚĞ^ƚĂƚĞ ŽĨDŝŶŶĞƐŽƚĂǁŝůůƉĂǇĨŽƌĂƉƉƌŽǆŝŵĂƚĞůǇϴϬйŽĨƚŚĞĐŽƐƚŽĨďƵƐĞƐ͘ůůƌĞŵĂŝŶŝŶŐĐŽƐƚƐĂƌĞĨƌŽŵůŽĐĂů ƐŽƵƌĐĞƐ͕ĂƐŚŝŐŚůŝŐŚƚĞĚŽŶdĂďůĞϳ͘>ŽĐĂůĨƵŶĚŝŶŐ͕ǁŚŝĐŚĂƌĞĂƉƉƌŽǆŝŵĂƚĞůǇΨϭ͘ϳϴŵŝůůŝŽŶ͕ĐĂŶĐŽŵĞĨƌŽŵ ƚĂǆůĞǀŝĞƐŽƌĚŝƌĞĐƚĨƵŶĚŝŶŐĨƌŽŵZW^͘ dĂďůĞϳ͗ĂƉŝƚĂůŽƐƚƐZĞůĂƚĞĚdŽƵƐĞƐ ƵƐĞƐƵƐ^ƚŽƉdŽƚĂů ^ŝŐŶƐ EƵŵďĞƌZĞƋƵŝƌĞĚĨŽƌ^ĞƌǀŝĐĞϮϮϳϱ hŶŝƚŽƐƚΨϰϲϱ͕ϬϬϬΨϱϬ dŽƚĂůŽƐƚΨϭϬ͕ϮϯϬ͕ϬϬϬΨϯ͕ϳϱϬΨϭϬ͕Ϯϯϯ͕ϳϱϬ ^ƚĂƚĞ^ŽƵƌĐĞƐΨϴ͕ϭϴϰ͕ϬϬϬΨϬΨϴ͕ϭϴϰ͕ϬϬϬ >ŽĐĂů^ŽƵƌĐĞƐΨϮ͕Ϭϰϲ͕ϬϬϬΨϯ͕ϳϱϬΨϮ͕Ϭϰϵ͕ϳϱϬ ͷǤ͵ dŚĞŽƉĞƌĂƚŝŶŐĐŽƐƚĨŽƌƚŚĞƐŝǆƚĞĞŶďƵƐƌŽƵƚĞƐŝƐĂƉƉƌŽǆŝŵĂƚĞůǇΨϮϳϭƚŚŽƵƐĂŶĚŝŶϮϬϭϳ͕ŐƌŽǁŝŶŐƚŽΨϯϬϭ ƚŚŽƵƐĂŶĚďǇƚŚĞǇĞĂƌϮϬϮϭ͘ƐƚŚŝƐƐĞƌǀŝĐĞǁŽƵůĚďĞŽƉĞŶƚŽƚŚĞŐĞŶĞƌĂůƉƵďůŝĐŝƚŝƐƌĞĂƐŽŶĂďůĞƚŚĂƚ ƐƚĂƚĞĂŶĚĨĞĚĞƌĂůĨƵŶĚŝŶŐƐŽƵƌĐĞƐĐŽƵůĚďĞƵƐĞĚƚŽĨƵŶĚƚŚĞŵĂũŽƌŝƚǇŽĨƚŚĞƐĞƌǀŝĐĞĐŽƐƚ͘dĂďůĞϴ ƉƌĞƐĞŶƚƐĂŶŽƉĞƌĂƚŝŶŐĨƵŶĚŝŶŐƉůĂŶƚŚĂƚĨƵŶĚƐƚŚĞƐĞƐŝǆƚĞĞŶƌŽƵƚĞƐŝŶƚŚĞƐĂŵĞŵĂŶŶĞƌĂƐŚŽǁZWdŝƐ ĨƵŶĚĞĚďĂƐĞĚŽŶƚŚĞdW͘dŚĞůŽĐĂůĨƵŶĚŝŶŐƐŽƵƌĐĞƐƌĂŶŐĞĨƌŽŵĂƉƉƌŽǆŝŵĂƚĞůǇΨϴϮƚŚŽƵƐĂŶĚŝŶϮϬϭϳƚŽ ũƵƐƚŽǀĞƌΨϵϭƚŚŽƵƐĂŶĚďǇϮϬϮϭ͘dŚĞƌĞĂƌĞĂŶƵŵďĞƌŽĨŽƉƚŝŽŶƐĨŽƌƉƌŽǀŝĚŝŶŐƚŚĞůŽĐĂůĨƵŶĚŝŶŐƚŚŝƐ ƐĞƌǀŝĐĞ͘dŚĞƐĞŝŶĐůƵĚĞĨƵŶĚŝŶŐƚŚĞƐĞƌǀŝĐĞƐŽůĞůǇƚŚƌŽƵŐŚĨĂƌĞƐ͕ZW^ƌĞŝŵďƵƌƐĞŵĞŶƚƐĂŶĚĨƵŶĚŝŶŐ ƐŽƵƌĐĞƐ͕ŽƌŐĞŶĞƌĂůĐŝƚǇĨƵŶĚƐĨŽƌƐĞƌǀŝĐĞ͘/ƚŝƐĂƐƐƵŵĞĚƚŚĂƚƚŚĞƐĞƐĞƌǀŝĐĞƐǁŽƵůĚŶŽƚďĞĨƵŶĚĞĚƚŚƌŽƵŐŚ ŝŶĐƌĞĂƐĞĚƐƚĂƚĞŽƌ&ĞĚĞƌĂůŽƉĞƌĂƚŝŶŐƐŽƵƌĐĞƐ͘ dĂďůĞϴ͗KƉĞƌĂƚŝŽŶƐ&ƵŶĚŝŶŐ ϮϬϭϳϮϬϭϴϮϬϭϵϮϬϮϬϮϬϮϭ KƉĞƌĂƚŝŶŐŽƐƚΨϮϳϬ͕ϱϵϮΨϮϳϴ͕ϮϰϬΨϮϴϱ͕ϴϵϯΨϮϵϯ͕ϲϮϴΨϯϬϭ͕ϮϮϵ ^ƚĂƚĞ&ƵŶĚŝŶŐ^ŽƵƌĐĞƐΨϭϴϬ͕ϯϵϱΨϭϴϱ͕ϰϵϯΨϭϵϬ͕ϱϵϱΨϭϵϱ͕ϳϱϮΨϮϬϬ͕ϴϭϵ &ĞĚĞƌĂů&ƵŶĚŝŶŐ^ŽƵƌĐĞƐΨϴ͕ϭϭϴΨϴ͕ϯϰϳΨϴ͕ϱϳϳΨϴ͕ϴϬϵΨϵ͕Ϭϯϳ >ŽĐĂů&ƵŶĚŝŶŐ^ŽƵƌĐĞƐΨϴϮ͕ϬϴϬΨϴϰ͕ϯϵϵΨϴϲ͕ϳϮϭΨϴϵ͕ϬϲϳΨϵϭ͕ϯϳϯ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2251,3093][11][,I,][Calibri]]WĂŐĞϮϴ 3DFNHW3J (D ͷǤ͵Ǥͳ dŚĞĨŝƌƐƚŽƉƚŝŽŶŝƐĨŽƌĨĂƌĞƐƚŽƉĂǇĨŽƌƚŚĞůŽĐĂůĐŽƐƚƐŽĨƚŚĞƐŝǆƚĞĞŶďƵƐƌĂƚĞƐ͘ZWdĐƵƌƌĞŶƚůǇŚĂƐĂĨĂƌĞ ƉŽůŝĐǇƚŚĂƚĐŚĂƌŐĞƐǇŽƵƚŚ;ĂŐĞƐϲƚŚƌŽƵŐŚϭϴͿĂůŽǁĞƌĨĂƌĞ͕ĂƐǁĞůůĂƐĚŝƐĐŽƵŶƚĞĚƉĂƐƐĞƐĨŽƌƐƚƵĚĞŶƚƐĂƚ ZŽĐŚĞƐƚĞƌŽŵŵƵŶŝƚǇdĞĐŚŶŝĐĂůŽůůĞŐĞ;ZdͿĂŶĚhŶŝǀĞƌƐŝƚǇŽĨDŝŶŶĞƐŽƚĂͲZŽĐŚĞƐƚĞƌ;hDZͿ͘dŚĞƐĞ ĨĂƌĞƐĂƌĞƐŚŽǁŶŽŶdĂďůĞϵ͘dŚŝƐƐĂŵĞĨĂƌĞƉŽůŝĐǇĐŽƵůĚďĞĂƉƉůŝĞĚĨŽƌƐƚƵĚĞŶƚƐĞƌǀŝĐĞƐŽŶƚŚĞƐŝǆƚĞĞŶ ŶĞǁƌŽƵƚĞƐĂƐǁĞůůĂƐƌĞŐƵůĂƌZWdƌŽƵƚĞƐ͘WĂƐƐĞƐĐŽƵůĚďĞƉƵƌĐŚĂƐĞĚďǇƚŚĞƐĐŚŽŽůĚŝƐƚƌŝĐƚƚŽĚŝƐƚƌŝďƵƚĞ ŽƌƐĞůůƚŽƐƚƵĚĞŶƚƐ͘ dĂďůĞϵ͗ƵƌƌĞŶƚ^ƚƵĚĞŶƚŐĞ&ĂƌĞKƉƚŝŽŶƐ &ĂƌĞdǇƉĞŽƐƚ zŽƵƚŚ;ŐĞϲͲϭϴͿ&ĂƌĞΨϭ͘ϬϬ zŽƵƚŚ;ŐĞϲͲϭϴͿϭϬͲZŝĚĞdŝĐŬĞƚΨϴ͘ϬϬ ϵϬĂǇ^ƚƵĚĞŶƚWĂƐƐΨϲϬ͘ϬϬ ϭϮϬĂǇWĂƐƐΨϴϬ͘ϬϬ ϭϱϬĂǇWĂƐƐΨϭϬϬ͘ϬϬ ͷǤ͵Ǥʹ ŵŽĚĞůƵƐĞĚďǇĂŶƵŵďĞƌŽĨƐĐŚŽŽůĚŝƐƚƌŝĐƚƐŝŶDŝŶŶĞƐŽƚĂŝƐĨŽƌƚƌĂŶƐŝƚƉƌŽǀŝĚĞƌƐƚŽƌĞĐĞŝǀĞĂ ƌĞŝŵďƵƌƐĞŵĞŶƚĨƌŽŵƚŚĞƐĐŚŽŽůĚŝƐƚƌŝĐƚĨŽƌƚŚĞŶƵŵďĞƌŽĨƐƚƵĚĞŶƚƐĐĂƌƌŝĞĚ͘dŚŝƐĂůůŽǁƐƐƚƵĚĞŶƚƐƚŽƌŝĚĞ ĨŽƌĨƌĞĞŽŶďŽĂƌĚďƵƐĞƐ͕ůŝŬĞůǇďǇƵƐŝŶŐĂƐƚƵĚĞŶƚŝĚĞŶƚŝĨŝĐĂƚŝŽŶĐĂƌĚĂƐĂďƵƐƉĂƐƐ͕ĂŶĚZWdǁŽƵůĚŶĞĞĚƚŽ ĐŽůůĞĐƚŝŶĨŽƌŵĂƚŝŽŶƌĞŐĂƌĚŝŶŐƚŚĞŶƵŵďĞƌŽĨƐƚƵĚĞŶƚďŽĂƌĚŝŶŐƐƚŚĂƚŽĐĐƵƌ͘ZWdǁŽƵůĚďŝůůZW^ďĂƐĞĚŽŶ ĂŶĞŐŽƚŝĂƚĞĚƌĂƚĞƉĞƌƐƚƵĚĞŶƚƚƌŝƉƌĂƚĞ͘ ͷǤ͵Ǥ͵ dĂďůĞϳƉƌĞƐĞŶƚƐĂůŽĐĂůĐŽƐƚŽĨΨϴϮ͕ϬϬϬĨŽƌƐĞƌǀŝĐĞŽŶƚŚĞƐŝǆƚĞĞŶƌŽƵƚĞƐ͕ǁŚŝĐŚǁŝůůŝŶĐƌĞĂƐĞƚŽũƵƐƚŽǀĞƌ Ψϵϭ͕ϬϬϬďǇƚŚĞǇĞĂƌϮϬϮϭ͘ZW^ĐŽƵůĚĚŝƌĞĐƚůǇĐŽŶƚƌĂĐƚǁŝƚŚZWdƚŽƉĂǇƚŚŝƐĂŵŽƵŶƚ͘/ŶƌĞƚƵƌŶZWdǁŽƵůĚ ďĞĂďůĞƚŽŽƉĞƌĂƚĞƚŚĞƐĞƌǀŝĐĞĂŶĚĂůůŽǁƐƚƵĚĞŶƚƐƚŽƌŝĚĞĂŶǇƐĞƌǀŝĐĞĨŽƌĨƌĞĞ͘^ƚƵĚĞŶƚƐĐŽƵůĚŚĂǀĞĨƌĞĞ ƚƌĂŶƐƉŽƌƚĂƚŝŽŶĂƚĂůůƚŝŵĞƐŽƌŽŶůǇĚƵƌŝŶŐĐĞƌƚĂŝŶŚŽƵƌƐƚŚĂƚĐŽƌƌĞƐƉŽŶĚǁŝƚŚƚƌĂŶƐƉŽƌƚĂƚŝŽŶƚŽĂŶĚĨƌŽŵ ƐĐŚŽŽůƐ͘^ƚƵĚĞŶƚƐǁŽƵůĚďĞƌĞƋƵŝƌĞĚƚŽĐĂƌƌǇƐĐŚŽŽůŝĚĞŶƚŝĨŝĐĂƚŝŽŶĐĂƌĚƐǁŝƚŚƚŚĞŵƚŽďĞƵƐĞĚĂƐďƵƐ ƉĂƐƐ͘ŶƵŵďĞƌŽĨƐĐŚŽŽůĚŝƐƚƌŝĐƚƐƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵŶƚƌǇŚĂǀĞƐŝŵŝůĂƌĂƌƌĂŶŐĞŵĞŶƚƐǁŝƚŚƚƌĂŶƐŝƚ ƉƌŽǀŝĚĞƌƐ͘ ͷǤ͵ǤͶ ĨŝŶĂůĂůƚĞƌŶĂƚŝǀĞǁŽƵůĚďĞƚŽĨƵŶĚƐĞƌǀŝĐĞĚŝƌĞĐƚůǇĨƌŽŵƚŚĞĨƵŶĚƐƚŚĂƚZWdĂůƌĞĂĚǇĐŽůůĞĐƚƐ͕ĂŶĚ ŝŶĐŽƌƉŽƌĂƚĞƚŚĞƐĞƌŽƵƚĞƐŝŶƚŽƚŚĞŐĞŶĞƌĂůZWdďƵĚŐĞƚ͘ZW^ǁŽƵůĚŶŽƚďĞƌĞƐƉŽŶƐŝďůĞĨŽƌĨƵŶĚŝŶŐƐĞƌǀŝĐĞ ĂƚĂůů͘^ƚƵĚĞŶƚƐǁŽƵůĚďĞƌĞƐƉŽŶƐŝďůĞĨŽƌƉƵƌĐŚĂƐŝŶŐĨĂƌĞƐĂŶĚƉĂƐƐĞƐŽŶƚŚĞŝƌŽǁŶ͕ƵŶůĞƐƐĂĐŝƚǇĨƵŶĚĞĚ ƉĂƐƐƉƌŽŐƌĂŵŝƐĚĞǀĞůŽƉĞĚ͘^ƚƵĚĞŶƚƐǁŽƵůĚďĞĞůŝŐŝďůĞŽŶůǇĨŽƌƚŚĞǇŽƵƚŚĨĂƌĞƐĂŶĚǇŽƵƚŚƚŝĐŬĞƚƐ͕ŶŽƚ ĨŽƌƚŚĞůŽŶŐͲƚĞƌŵƐƚƵĚĞŶƚƉĂƐƐĞƐƚŚĂƚĂƌĞĂǀĂŝůĂďůĞƚŽĐŽůůĞŐĞƐƚƵĚĞŶƚƐ͘ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2251,3093][11][,I,][Calibri]]WĂŐĞϮϵ 3DFNHW3J (D ͸ dŚŝƐĐŚĂƉƚĞƌĞǆƉůŽƌĞƐƉŽƚĞŶƚŝĂůŝŶƐƵƌĂŶĐĞ͕ůŝĂďŝůŝƚǇ͕ĚŝƐĐŝƉůŝŶĞ͕ĂŶĚƌĞŐƵůĂƚŽƌǇĐŽŶĐĞƌŶƐĨŽƌƚŚĞŝƚǇŽĨ ZŽĐŚĞƐƚĞƌ͕DŝŶŶĞƐŽƚĂƚƌĂŶƐŝƚƐǇƐƚĞŵŝŶƌĞůĂƚŝŽŶƚŽĂƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞZŽĐŚĞƐƚĞƌWƵďůŝĐ^ĐŚŽŽůƐ ƌĞŐĂƌĚŝŶŐƚƌĂŶƐƉŽƌƚĂƚŝŽŶƐĞƌǀŝĐĞƐ͘/ŶƉƌĞƉĂƌĂƚŝŽŶŽĨƚŚŝƐĐŚĂƉƚĞƌKDŝĚĞŶƚŝĨŝĞĚƚƌĂŶƐŝƚƉƌŽǀŝĚĞƌƐŝŶ ƚŚĞƐƚĂƚĞŽĨDŝŶŶĞƐŽƚĂ͕ǁŚŝĐŚŚĂǀĞĞƐƚĂďůŝƐŚĞĚƉĂƌƚŶĞƌƐŚŝƉƐǁŝƚŚƐĐŚŽŽůĚŝƐƚƌŝĐƚƐ͘KDĐŽŶĚƵĐƚĞĚ ŝŶƚĞƌǀŝĞǁƐǁŝƚŚƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐĨƌŽŵƚŚĞƚƌĂŶƐŝƚĂŐĞŶĐŝĞƐĂŶĚƐĐŚŽŽůĚŝƐƚƌŝĐƚƐǁŝƚŚƌĞƐƉŽŶƐŝďŝůŝƚǇ ĂƐƐŽĐŝĂƚĞĚǁŝƚŚĞƐƚĂďůŝƐŚŝŶŐĂŶĚŝŵƉůĞŵĞŶƚŝŶŐƚŚĞƐĞƉĂƌƚŶĞƌƐŚŝƉƐ͘/ŶĂĚĚŝƚŝŽŶ͕KDƌĞǀŝĞǁĞĚ ƌĞůĞǀĂŶƚĨĞĚĞƌĂůƐƚĂƚƵƚĞƐĂŶĚŐƵŝĚĂŶĐĞƌĞůĂƚĞĚƚŽƉƵďůŝĐƚƌĂŶƐƉŽƌƚĂƚŝŽŶĂŶĚƐĐŚŽŽůďƵƐŝŶŐ͘ ͸Ǥͳ KDƐƉŽŬĞǁŝƚŚƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐĨƌŽŵ^ƚ͘ůŽƵĚDĞƚƌŽƵƐ͕DĞƚƌŽdƌĂŶƐŝƚ͕ĂŶĚDŝŶŶĞĂƉŽůŝƐWƵďůŝĐ ^ĐŚŽŽůƐƚŽĚŝƐĐƵƐƐƚŚĞƉĂƌƚŶĞƌƐŚŝƉƐƚŚĞǇŚĂǀĞǁŝƚŚƐĐŚŽŽůĚŝƐƚƌŝĐƚƐͬƚƌĂŶƐŝƚĂŐĞŶĐŝĞƐ͘dŚĞƌĞĂƌĞĂǀĂƌŝĞƚǇ ŽĨǁĂǇƐƉĂƌƚŶĞƌƐŚŝƉƐďĞƚǁĞĞŶƐĐŚŽŽůĚŝƐƚƌŝĐƚƐĂŶĚƚƌĂŶƐŝƚĂŐĞŶĐŝĞƐŚĂǀĞďĞĞŶŝŵƉůĞŵĞŶƚĞĚŝŶ DŝŶŶĞƐŽƚĂ͘ ͸ǤͳǤͳǤ ^ƚ͘ůŽƵĚDĞƚƌŽƵƐŝƐƚŚĞƚƌĂŶƐŝƚƉƌŽǀŝĚĞƌĨŽƌƚŚĞŐƌĞĂƚĞƌ^ƚ͘ůŽƵĚƌĞŐŝŽŶ͘/ŶĐůƵĚĞĚǁŝƚŚŝŶDĞƚƌŽƵƐ͛Ɛ ƐĞƌǀŝĐĞĂƌĞĂĂƌĞƉŽƌƚŝŽŶƐŽĨƚŚƌĞĞƐĐŚŽŽůĚŝƐƚƌŝĐƚƐ͗^ƚ͘ůŽƵĚƌĞĂ^ĐŚŽŽůŝƐƚƌŝĐƚ͕^ĂƌƚĞůůͲ^ƚ͘^ƚĞƉŚĞŶ͕ĂŶĚ ^ĂƵŬZĂƉŝĚƐͲZŝĐĞWƵďůŝĐ^ĐŚŽŽůƐ͘tŚŝůĞ^ƚ͘ůŽƵĚDĞƚƌŽƵƐƉƌŽǀŝĚĞƐƚƌĂŶƐŝƚƐĞƌǀŝĐĞƚŽƐĐŚŽŽůƐŝŶĂůů ƚŚƌĞĞĚŝƐƚƌŝĐƚƐ͕ŝƚŽŶůǇŚĂƐĂĨŽƌŵĂůƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚƚŚĞ^ƚ͘ůŽƵĚƌĞĂ^ĐŚŽŽůŝƐƚƌŝĐƚ͘dŚƌŽƵŐŚƚŚŝƐ ƉĂƌƚŶĞƌƐŚŝƉ^ƚ͘ůŽƵĚƐĐŚŽŽůƐƉƵƌĐŚĂƐĞďƵƐƉĂƐƐĞƐĨŽƌƐƚƵĚĞŶƚƐǁŚŽǁŽƵůĚƋƵĂůŝĨǇĨŽƌďƵƐŝŶŐŽŶƐĐŚŽŽů ďƵƐĞƐ͘^ƚ͘ůŽƵĚDĞƚƌŽďƵƐƚƌĂĐŬƐƚŚĞƵƐĂŐĞŽĨƚŚĞƉĂƐƐĞƐĂŶĚŝƐƌĞŝŵďƵƌƐĞĚďǇƚŚĞ^ƚ͘ůŽƵĚƌĞĂ^ĐŚŽŽů ŝƐƚƌŝĐƚŽŶĂƉĞƌƚƌŝƉďĂƐŝƐ͘^ƚ͘ůŽƵĚƌĞĂ^ĐŚŽŽůŝƐƚƌŝĐƚƉĂǇƐΨϬ͘ϵϬƉĞƌƚƌŝƉ͕^ƚ͘ůŽƵĚDĞƚƌŽďƵƐĞƐĐĂƐŚ ĨĂƌĞŝƐΨϭ͘Ϯϱ͘dŚĞƉĂƌƚŶĞƌƐŚŝƉďĞƚǁĞĞŶDĞƚƌŽƵƐĂŶĚ^ƚ͘ůŽƵĚƌĞĂ^ĐŚŽŽůƐŚĂƐďĞĞŶŐŽŝŶŐŽŶŵŽƌĞ ƚŚĂŶϯϬǇĞĂƌƐ͘ ͸ǤͳǤʹ /ŶϮϬϭϮ͕DĞƚƌŽdƌĂŶƐŝƚĂŶĚDŝŶŶĞĂƉŽůŝƐWƵďůŝĐ^ĐŚŽŽůƐĞǆƉĂŶĚĞĚƚŚĞŝƌƉĂƌƚŶĞƌƐŚŝƉ͘ƐƉĂƌƚŽĨƚŚŝƐ ĞǆƉĂŶĚĞĚƉĂƌƚŶĞƌƐŚŝƉDŝŶŶĞĂƉŽůŝƐWƵďůŝĐ^ĐŚŽŽůƐĚŝƐĐŽŶƚŝŶƵĞĚƉƌŽǀŝĚŝŶŐĚĞĚŝĐĂƚĞĚƐĐŚŽŽůďƵƐƐĞƌǀŝĐĞ ƚŽŚŝŐŚƐĐŚŽŽůƐ͘/ŶƐƚĞĂĚƐƚƵĚĞŶƚƐƚƌĂǀĞůŝŶŐƚŽĂŶĚĨƌŽŵƐĐŚŽŽůŶŽǁƵƐĞDĞƚƌŽdƌĂŶƐŝƚƐĞƌǀŝĐĞƐ͘ƐƉĂƌƚ͕ ŽĨƚŚŝƐƉƌŽŐƌĂŵƐƚƵĚĞŶƚƐǁŚŽƋƵĂůŝĨǇƌĞĐĞŝǀĞĂĨƌĞĞƚƌĂŶƐŝƚƉĂƐƐ͕ĂůůƐƚƵĚĞŶƚƐǁŚŽĚŽŶ͛ƚƋƵĂůŝĨǇĂƌĞ ĞůŝŐŝďůĞƚŽƉƵƌĐŚĂƐĞĂĚŝƐĐŽƵŶƚĞĚƚƌĂŶƐŝƚƉĂƐƐĨŽƌΨϯϬϬƉĞƌǇĞĂƌ͕ƚŚĞŶĞŐŽƚŝĂƚĞĚƌĂƚĞƉĂŝĚďǇDŝŶŶĞĂƉŽůŝƐ WƵďůŝĐ^ĐŚŽŽůƐ͘dŚĞĞůŝŐŝďŝůŝƚǇƌĞƋƵŝƌĞŵĞŶƚƐĨŽƌƐƚƵĚĞŶƚƐƚŽƋƵĂůŝĨǇĨŽƌĂĨƌĞĞďƵƐƉĂƐƐĂƌĞ͗ ^ƚƵĚĞŶƚƐǁŚŽƋƵĂůŝĨǇĨŽƌĨƌĞĞĂŶĚƌĞĚƵĐĞĚůƵŶĐŚĂŶĚĂƌĞǁŝƚŚŝŶƚŚĞϮͲŵŝůĞǁĂůŬǌŽŶĞŽĨƚŚĞŝƌ ƐĐŚŽŽů͘ ^ƚƵĚĞŶƚƐǁŚŽůŝǀĞǁŝƚŚŝŶƚŚĞĂƚƚĞŶĚĂŶĐĞǌŽŶĞŽĨƚŚĞŝƌƐĐŚŽŽů͕ďƵƚŽƵƚƐŝĚĞƚŚĞǁĂůŬͲǌŽŶĞ͘ ^ƚƵĚĞŶƚƐǁŚŽĂƌĞĞŶƌŽůůĞĚŝŶĂĐŝƚǇͲǁŝĚĞƉƌŽŐƌĂŵĂŶĚŽƵƚƐŝĚĞƚŚĞǁĂůŬͲǌŽŶĞŽĨƚŚĞŝƌƐĐŚŽŽů͘ ƐĂƉĂƌƚŽĨƚŚŝƐƉƌŽŐƌĂŵDĞƚƌŽdƌĂŶƐŝƚǁŽƌŬĞĚǁŝƚŚDŝŶŶĞĂƉŽůŝƐWƵďůŝĐ^ĐŚŽŽůƐƚŽŝĚĞŶƚŝĨǇĞǆŝƐƚŝŶŐ ƚƌĂŶƐŝƚƌŽƵƚĞƐ͕ǁŚŝĐŚĐŽƵůĚďĞƵƐĞĚďǇƐƚƵĚĞŶƚƐƚŽŐĞƚƚŽĂŶĚĨƌŽŵƐĐŚŽŽů͘&ŽƌƐŽŵĞƌŽƵƚĞƐDĞƚƌŽ dƌĂŶƐŝƚŚĂƐĂĚĚĞĚĂĚĚŝƚŝŽŶĂůƚƌŝƉƐƚŽĂĐĐŽŵŵŽĚĂƚĞƚŚĞĂĚĚŝƚŝŽŶĂůĚĞŵĂŶĚĂƚƉĞĂŬƚŝŵĞƐ;ďĞĨŽƌĞĂŶĚ ĂĨƚĞƌƐĐŚŽŽůͿ͕ƐŽŵĞŽĨƚŚĞƐĞĂĚĚŝƚŝŽŶĂůƚƌŝƉƐŚĂǀĞŵŝŶŽƌĚĞǀŝĂƚŝŽŶƐƚŽƚŚĞƌŽƵƚĞƚŽďĞƚƚĞƌƐĞƌǀĞƚŚĞŚŝŐŚ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2251,3093][11][,I,][Calibri]]WĂŐĞϯϬ 3DFNHW3J (D ƐĐŚŽŽů͘dŚĞƉƌŝŵĂƌǇŵŽƚŝǀĂƚŝŽŶĨŽƌƚŚĞƐǁŝƚĐŚĨƌŽŵĚĞĚŝĐĂƚĞĚƐĐŚŽŽůďƵƐĞƐƚŽƉƌŽǀŝĚŝŶŐƚƌĂŶƐŝƚƉĂƐƐĞƐ ǁĂƐĞƋƵŝƚǇ͘DŽƌĞƚŚĂŶϲϬйŽĨƚŚĞƐƚƵĚĞŶƚƐĞŶƌŽůůĞĚŝŶDŝŶŶĞĂƉŽůŝƐWƵďůŝĐ^ĐŚŽŽůƐĂƌĞĞůŝŐŝďůĞĨŽƌĨƌĞĞŽƌ ƌĞĚƵĐĞĚůƵŶĐŚĞƐ͘WƵƌĐŚĂƐŝŶŐƚƌĂŶƐŝƚƉĂƐƐĞƐĨŽƌƚƌĂŶƐƉŽƌƚĂƚŝŽŶĞůŝŐŝďůĞƐƚƵĚĞŶƚƐĂůůŽǁĞĚƚŚĞDŝŶŶĞĂƉŽůŝƐ WƵďůŝĐ^ĐŚŽŽůƐƚŽƵƐĞŝƚƐƚƌĂŶƐƉŽƌƚĂƚŝŽŶďƵĚŐĞƚƚŽŝŶĐƌĞĂƐĞƚŚĞŵŽďŝůŝƚǇŽĨƚŚĞƐƚƵĚĞŶƚƐǁŝƚŚƚŚĞŵŽƐƚ ůŝŵŝƚĞĚŵŽďŝůŝƚǇ͕ƌĂƚŚĞƌƚŚĂŶƐŝŵƉůǇƵƐŝŶŐƚŚĞĚŝƐƚĂŶĐĞĨƌŽŵƐĐŚŽŽůĂƐƚŚĞĐƌŝƚĞƌŝĂ͘dŚĞƚƌĂŶƐŝƚƉĂƐƐĞƐĐĂŶ ďĞƵƐĞĚĨŽƌŶŽŶͲƐĐŚŽŽůƌĞůĂƚĞĚƚƌŝƉƐ͕ƉƌŽǀŝĚŝŶŐƐƚƵĚĞŶƚƐǁŝƚŚĂĐĐĞƐƐƚŽũŽďƐĂŶĚŽƚŚĞƌŶŽŶͲƐĐŚŽŽůƌĞůĂƚĞĚ ŽƉƉŽƌƚƵŶŝƚŝĞƐ͘ ͸ǤͳǤ͵ȋ Ȍ DĞƚƌŽdƌĂŶƐŝƚƉƌŽǀŝĚĞƐƚƌĂŶƐŝƚƉĂƐƐĞƐƚŽĂŶǇƐĐŚŽŽůŽƌƐĐŚŽŽůĚŝƐƚƌŝĐƚǁŝƚŚŝŶŝƚƐƐĞƌǀŝĐĞĂƌĞĂƚŚĂƚǁŝƐŚĞƐ ƚŽŽĨĨĞƌƉĂƐƐĞƐƚŽƐƚƵĚĞŶƚƐ͘ƵĞƚŽƚŚĞƐŝǌĞŽĨƚŚĞŽƚŚĞƌƐĐŚŽŽůĚŝƐƚƌŝĐƚƐĂŶĚͬŽƌƚŚĞĂǀĂŝůĂďŝůŝƚǇŽĨ ƚƌĂŶƐƉŽƌƚĂƚŝŽŶŽƉƚŝŽŶƐƚŚĞŽƚŚĞƌƐĐŚŽŽůĚŝƐƚƌŝĐƚƐŐĞŶĞƌĂůůǇĚŽŶ͛ƚƌĞƋƵŝƌĞƌŽƵƚĞŵŽĚŝĨŝĐĂƚŝŽŶĂŶĚͬŽƌƚŚĞ ƵƐĞŽĨƚƌŝƉƉĞƌƐƚŽŵĞĞƚƚŚĞŝŶĐƌĞĂƐĞĚĚĞŵĂŶĚĨŽƌƐĞƌǀŝĐĞ͘dŚĞƉƌŽŐƌĂŵŝƐŵĂŶĂŐĞĚƐŝŵŝůĂƌůǇƚŽƚŚĂƚŽĨ DĞƚƌŽdƌĂŶƐŝƚƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚDŝŶŶĞĂƉŽůŝƐWƵďůŝĐ^ĐŚŽŽůƐ͕ŝŶƚŚĂƚƐĐŚŽŽůƐƉƵƌĐŚĂƐĞƉĂƐƐĞƐĨŽƌƐƚƵĚĞŶƚƐ ĂŶĚƚŚĞƐƚƵĚĞŶƚƐĂƌĞƌĞƋƵŝƌĞĚƚŽƐŝŐŶƐĂŵĞĐŽĚĞŽĨĐŽŶĚƵĐƚƉŽůŝĐǇ͘DĞƚƌŽdƌĂŶƐŝƚǁŽƌŬƐǁŝƚŚƚŚĞƐĐŚŽŽůƐ ƚŽĂƉƉƌŽƉƌŝĂƚĞůǇŵĂƚĐŚƚŚĞůĞǀĞůŽĨƐĞƌǀŝĐĞƚŽƚŚĞƌŝĚĞƌƐŚŝƉĚĞŵĂŶĚĂůŽŶŐǀĂƌŝŽƵƐƌŽƵƚĞƐ͘ ͸Ǥʹ EĞŝƚŚĞƌDĞƚƌŽdƌĂŶƐŝƚ͕DĞƚƌŽƵƐ͕ŶŽƌDŝŶŶĞĂƉŽůŝƐWƵďůŝĐ^ĐŚŽŽůƐŚĂǀĞƐƉĞĐŝĂůŝŶƐƵƌĂŶĐĞƌĞŐĂƌĚŝŶŐƚŚĞ ƚƌĂŶƐƉŽƌƚĂƚŝŽŶŽĨƐƚƵĚĞŶƚƐŽŶƚŚĞƉƵďůŝĐƚƌĂŶƐŝƚǀĞŚŝĐůĞƐ͘&ŽƌƚŚĞƚƌĂŶƐŝƚĂŐĞŶĐŝĞƐ͕ƚŚĞƐƚƵĚĞŶƚƐĂƌĞ ĐŽŶƐŝĚĞƌĞĚĂƐŽƚŚĞƌƌŝĚĞƌƐ͖ƚŚĞƚƌĂŶƐŝƚĂŐĞŶĐŝĞƐƐŚĂƌĞƚŚĞƐĂŵĞůŝĂďŝůŝƚǇĨŽƌƚƌĂŶƐƉŽƌƚŝŶŐƚŚĞƐƚƵĚĞŶƚƐĂƐ ĂŶǇŽƚŚĞƌƉĂƐƐĞŶŐĞƌƐ͘ƐƉĂƌƚŽĨDĞƚƌŽƵƐ͛ƐĐŽŶƚƌĂĐƚǁŝƚŚƚŚĞ^ƚ͘ůŽƵĚƌĞĂ^ĐŚŽŽůƐŝƚƐƚĂƚĞƐƚŚĂƚ DĞƚƌŽƵƐĂĐĐĞƉƚƐ͙͞ůŝĂďŝůŝƚǇŽĨŝƚƐĞůĨĂŶĚƚŚĂƚŽĨƚŚĞŝƐƚƌŝĐƚ͕ĨŽƌĚĂŵĂŐĞƚŽƉƌŽƉĞƌƚǇŽƌŝŶũƵƌǇƚŽ ƉĞƌƐŽŶƐ͕ǁŚŝĐŚŵĂǇŽĐĐƵƌĚƵƌŝŶŐDĞƚƌŽƵƐŽƉĞƌĂƚŝŽŶƐ͙͘͟dŚĞĂŐƌĞĞŵĞŶƚŐŽĞƐŽŶƚŽĐůĂƌŝĨǇůŝĂďŝůŝƚǇŝŶ ƚŚĞĨŽůůŽǁŝŶŐŵĂŶŶĞƌ͗ dŚĞŝƐƚƌŝĐƚ͕ŽƌŝƚƐĂƵƚŚŽƌŝǌĞĚƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐ͕ƐŚĂůůŶŽƚŝŶĂŶǇǁĂǇŽƌŝŶĂŶǇŵĂŶŶĞƌďĞ ĂŶƐǁĞƌĂďůĞŽƌƐƵĨĨĞƌůŽƐƐ͕ĚĂŵĂŐĞ͕ĞǆƉĞŶƐĞŽƌůŝĂďŝůŝƚǇĨŽƌĂŶǇůŽƐƐŽƌĚĂŵĂŐĞƚŚĂƚŵĂǇŽĐĐƵƌĂƐ ĂƌĞƐƵůƚŽĨƚŚĞƚƌĂŶƐƉŽƌƚĂƚŝŽŶƐĞƌǀŝĐĞƌĞƋƵŝƌĞĚďǇƚŚŝƐŐƌĞĞŵĞŶƚ͘DĞƚƌŽƵƐƐŚĂůůĂƐƐƵŵĞĂůů ůŝĂďŝůŝƚǇŽĨĞǀĞƌǇŬŝŶĚŽƌŶĂƚƵƌĞĂƌŝƐŝŶŐĨƌŽŵƚŚĞĂĐƚƵĂůƚƌĂŶƐƉŽƌƚŝŶŐŽĨƐƚƵĚĞŶƚƐĂŶĚƐŚĂůů ŝŶĚĞŵŶŝĨǇƚŚĞŝƐƚƌŝĐƚŽƌŝƚƐĂƵƚŚŽƌŝǌĞĚƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐĨŽƌĂůůůŝĂďŝůŝƚǇŽĨĂŶǇŬŝŶĚĂƌŝƐŝŶŐĨƌŽŵ ƚŚĞĂĐƚƵĂůƚƌĂŶƐƉŽƌƚŝŶŐŽĨƐƚƵĚĞŶƚƐ͘dŚĞŝƐƚƌŝĐƚƐŚĂůůŚŽůĚDĞƚƌŽƵƐŚĂƌŵůĞƐƐĨƌŽŵĂŶĚ ŝŶĚĞŵŶŝĨǇDĞƚƌŽƵƐĨƌŽŵĂůůůŝĂďŝůŝƚǇĨŽƌĐůĂŝŵƐŶŽƚĂƌŝƐŝŶŐĨƌŽŵƚŚĞĂĐƚƵĂůƚƌĂŶƐƉŽƌƚĂƚŝŽŶŽĨ ƐƚƵĚĞŶƚƐĂŶĚƐĂŝĚŝŶĚĞŵŶŝĨŝĐĂƚŝŽŶƐŚĂůůŝŶĐůƵĚĞ͕ďƵƚŶŽƚďĞůŝŵŝƚĞĚƚŽĐůĂŝŵƐŵĂĚĞĂŐĂŝŶƐƚƚŚĞ ŝƐƚƌŝĐƚĨŽƌƚŽƌƚŝŽƵƐĂĐƚƐŽĨƐƚƵĚĞŶƚƐĂŶĚĨŽƌƚŚĞŶĞŐůŝŐĞŶƚƐƵƉĞƌǀŝƐŝŽŶŽĨƐƚƵĚĞŶƚƐ͘ ĐŽƉǇŽĨƚŚĞĂŐƌĞĞŵĞŶƚŝƐŝŶŝŶĐůƵĚĞĚŝŶƉƉĞŶĚŝǆ͘ ͸Ǥ͵ ͸Ǥ͵Ǥͳ WƌŝŽƌƚŽƌĞĐĞŝǀŝŶŐĂƚƌĂŶƐŝƚƉĂƐƐƚŚƌŽƵŐŚĂƐĐŚŽŽůĚŝƐƚƌŝĐƚDĞƚƌŽdƌĂŶƐŝƚƌĞƋƵŝƌĞƐĂůůƐƚƵĚĞŶƚƐƚŽƐŝŐŶĂ ŽĚĞŽĨŽŶĚƵĐƚƉŽůŝĐǇ͕ƉƉĞŶĚŝǆ͘dŚĞƉŽƐƐŝďůĞĐŽŶƐĞƋƵĞŶĐĞƐĨŽƌǀŝŽůĂƚŝŶŐƚŚĞŽĚĞŽĨŽŶĚƵĐƚ ĚĞƉĞŶĚŽŶƚŚĞƐĞǀĞƌŝƚǇŽĨƚŚĞŽĨĨĞŶƐĞĂŶĚƚŚĞŶƵŵďĞƌŽĨǀŝŽůĂƚŝŽŶƐ͘ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2250,3093][11][,I,][Calibri]]WĂŐĞϯϭ 3DFNHW3J (D ǆĂŵƉůĞƐŽĨŵŝŶŽƌŝŶĨƌĂĐƚŝŽŶƐ͗ĞǆĐĞƐƐŝǀĞŶŽŝƐŝŶĞƐƐ͖ƐǁĞĂƌŝŶŐͬƉƌŽĨĂŶŝƚǇ͖ůŝƚƚĞƌŝŶŐ͖ƐƉŝƚƚŝŶŐ͖ƉůĂǇͲ ĨŝŐŚƚŝŶŐͬƌŽƵŐŚͲŚŽƵƐŝŶŐ͖ŽƌƌĞĨƵƐŝŶŐƚŽƵƐĞŚĞĂĚͲƉŚŽŶĞƐǁŚŝůĞůŝƐƚĞŶŝŶŐƚŽŵƵƐŝĐ͘ WŽƐƐŝďůĞĐŽŶƐĞƋƵĞŶĐĞƐ͗ǁĂƌŶŝŶŐƐĂŶĚͬŽƌůŽƐƐŽĨ'ŽͲdŽ^ƚƵĚĞŶƚWĂƐƐƉƌŝǀŝůĞŐĞƐĨŽƌƵƉƚŽ R ϯǁĞĞŬƐĞǆĐĞƉƚĨŽƌƚƌĂǀĞůƚŽĂŶĚĨƌŽŵƐĐŚŽŽů͘ ǆĂŵƉůĞƐŽĨŵĂũŽƌŝŶĨƌĂĐƚŝŽŶƐ͗ƵƐĞĂŶĚƉŽƐƐĞƐƐŝŽŶŽĨƚŽďĂĐĐŽ͖ƵƐĞŽĨůŝŐŚƚĞƌƐ͕ŵĂƚĐŚĞƐŽƌŽƚŚĞƌ ĨůĂŵŵĂďůĞŽďũĞĐƚƐ͖ƉŽƐƐĞƐƐŝŽŶŽĨĂůĐŽŚŽůŽƌĚƌƵŐƐ͖ĨĂŝůƵƌĞƚŽĨŽůůŽǁĚƌŝǀĞƌ͛ƐĚŝƌĞĐƚŝŽŶƐ͖ǀĞƌďĂů ƚŚƌĞĂƚƐ͖ǀĂŶĚĂůŝƐŵ͖ƉŚǇƐŝĐĂůĂŐŐƌĞƐƐŝŽŶƚŽǁĂƌĚŽƚŚĞƌƐ͖ŽƌƉŽƐƐĞƐƐŝŽŶŽĨĂǁĞĂƉŽŶ͘ WŽƐƐŝďůĞĐŽŶƐĞƋƵĞŶĐĞƐ͗ĚĞĂĐƚŝǀĂƚŝŽŶŽĨƐƚƵĚĞŶƚƉĂƐƐ͖ůŽƐƐŽĨĂůůƌŝĚĞƌƐŚŝƉƉƌŝǀŝůĞŐĞƐĨŽƌ R ϯϬĚĂǇƐŽƌŵŽƌĞ͖ŽƌďĞŝŶŐďĂŶŶĞĚĨƌŽŵĂůůDĞƚƌŽdƌĂŶƐŝƚƉƌŽƉĞƌƚǇŝŶĐůƵĚŝŶŐďƵƐĞƐ͕ ƚƌĂŝŶƐ͕ĂŶĚƐƚŽƉƐ͘ ͸Ǥ͵Ǥʹ EĞŝƚŚĞƌDĞƚƌŽƵƐ͕DĞƚƌŽdƌĂŶƐŝƚ͕ŶŽƌDŝŶŶĞĂƉŽůŝƐWƵďůŝĐ^ĐŚŽŽůƐŚĂǀĞĞǆƉĞƌŝĞŶĐĞĚƐŝŐŶŝĨŝĐĂŶƚ ƉƌŽďůĞŵƐǁŝƚŚďĞŚĂǀŝŽƌŽĨƐƚƵĚĞŶƚƐŽƌŽƚŚĞƌƚƌĂŶƐŝƚƉĂƐƐĞŶŐĞƌƐĂƐƚŚĞǇŝŶƚĞƌĂĐƚǁŝƚŚƐƚƵĚĞŶƚƐ͘ ĞŚĂǀŝŽƌͬĚŝƐĐŝƉůŝŶĞǁĂƐĂŶĂƌĞĂŽĨĐŽŶĐĞƌŶĨŽƌDŝŶŶĞĂƉŽůŝƐWƵďůŝĐ^ĐŚŽŽůƐŝŶůĞĂĚƵƉƚŽƚŚĞĚĞĐŝƐŝŽŶƚŽ ĞŶŐĂŐĞŝŶƚŚĞƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚDĞƚƌŽdƌĂŶƐŝƚ͘,ŽǁĞǀĞƌ͕ŝŶŐĞŶĞƌĂůƚŚĞĨĞĂƌƐŚĂǀĞŶŽƚŵĂƚĞƌŝĂůŝǌĞĚ͕ǁŚŝůĞ ƚŚĞǇĚŽƌĞĐĞŝǀĞĐŽŵƉůĂŝŶƚƐŽĨƐƚƵĚĞŶƚƐŵŝƐďĞŚĂǀŝŶŐĂŶĚŶŽŶͲƐƚƵĚĞŶƚƐƉĂƐƐĞŶŐĞƌƐďĞŝŶŐƌƵĚĞƚŽ ƐƚƵĚĞŶƚƐŽƌĂĐƚŝŶŐŝŶĂƉƉƌŽƉƌŝĂƚĞůǇĂƌŽƵŶĚƐƚƵĚĞŶƚƐ͘dŚŝƐŚĂƐŶ͛ƚďĞĞŶĂƐŝŐŶŝĨŝĐĂŶƚƉƌŽďůĞŵŽƌĂƚĂ ƐŝŐŶŝĨŝĐĂŶƚůǇŚŝŐŚĞƌƌĂƚĞƚŚĂŶŝƚŽĐĐƵƌƌĞĚƉƌĞǀŝŽƵƐůǇŽŶĚĞĚŝĐĂƚĞĚƐĐŚŽŽůďƵƐĞƐŽƌDĞƚƌŽƚƌĂŶƐŝƚǀĞŚŝĐůĞƐ͘ tŚĞŶĂŶŝŶĐŝĚĞŶƚŽŶďƵƐĞƐŽĐĐƵƌƐŝŶǀŽůǀŝŶŐƚŚĞƐƚƵĚĞŶƚƐDĞƚƌŽdƌĂŶƐŝƚƉƌŽǀŝĚĞƐƚŚĞƐĐŚŽŽůŽƌƐĐŚŽŽů ĚŝƐƚƌŝĐƚǁŝƚŚǀŝĚĞŽĂŶĚƉĂƐƐŝŶĨŽƌŵĂƚŝŽŶĂƐĂƉƉƌŽƉƌŝĂƚĞ͘dŚĞƐĐŚŽŽůƐƚŚĞŶĚĞƚĞƌŵŝŶĞƚŚĞĂƉƉƌŽƉƌŝĂƚĞ ƌĞƐƉŽŶƐĞ͘ ͸ǤͶ /ŶĚĞǀĞůŽƉŝŶŐĂƉĂƌƚŶĞƌƐŚŝƉďĞƚǁĞĞŶĂƐĐŚŽŽůĚŝƐƚƌŝĐƚĂŶĚƉƵďůŝĐƚƌĂŶƐŝƚƉƌŽǀŝĚĞƌďŽƚŚƉĂƌƚŝĞƐŵƵƐƚďĞ ĂǁĂƌĞŽĨƚŚĞĨĞĚĞƌĂůƌĞƋƵŝƌĞŵĞŶƚƐ͘/ŶƉĂƌƚŝĐƵůĂƌ͕ϰϵ&ZΑϲϬϱŝĚĞŶƚŝĨŝĞƐƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐƌĞŐĂƌĚŝŶŐ ƉƵďůŝĐƚƌĂŶƐŝƚƉƌŽǀŝĚŝŶŐƐĐŚŽŽůďƵƐŽƉĞƌĂƚŝŽŶƐ͘ƵƌƌĞŶƚůĂǁƐƚĂƚĞƐĂŶ&dŐƌĂŶƚĞĞ͙͞ǁŝůůŶŽƚĞŶŐĂŐĞŝŶ ƐĐŚŽŽůďƵƐŽƉĞƌĂƚŝŽŶƐĞǆĐůƵƐŝǀĞůǇĨŽƌƚŚĞƚƌĂŶƐƉŽƌƚĂƚŝŽŶŽĨƐƚƵĚĞŶƚƐĂŶĚƐĐŚŽŽůƉĞƌƐŽŶŶĞů͕ŝŶ ĐŽŵƉĞƚŝƚŝŽŶǁŝƚŚƉƌŝǀĂƚĞƐĐŚŽŽůďƵƐŽƉĞƌĂƚŽƌƐ;ϰϵ&ZΑϲϬϱ͘ϭ;ďͿͿ͘͟dŚĞĞǆĐĞƉƚŝŽŶƚŽƚŚŝƐŝƐƚŚĂƚƚŚĞ ƚƌĂŶƐŝƚƉƌŽǀŝĚĞĚŵƵƐƚĚĞŵŽŶƐƚƌĂƚĞƚŽƚŚĞƐĂƚŝƐĨĂĐƚŝŽŶŽĨƚŚĞ&d͕ϰϵ&ZΑϲϬϱ͘ϭϭ͘ dŚĂƚŝƚŽƉĞƌĂƚĞƐĂƐĐŚŽŽůƐǇƐƚĞŵŝŶŝƚƐƵƌďĂŶĂƌĞĂĂŶĚĂůƐŽŽƉĞƌĂƚĞƐĂƐĞƉĂƌĂƚĞĂŶĚĞǆĐůƵƐŝǀĞ ƐĐŚŽŽůďƵƐƉƌŽŐƌĂŵĨŽƌƚŚĂƚƐĐŚŽŽůƐǇƐƚĞŵ͖Žƌ dŚĂƚƉƌŝǀĂƚĞƐĐŚŽŽůďƵƐŽƉĞƌĂƚŽƌƐŝŶƚŚĞƵƌďĂŶĂƌĞĂĂƌĞƵŶĂďůĞƚŽƉƌŽǀŝĚĞĂĚĞƋƵĂƚĞ ƚƌĂŶƐƉŽƌƚĂƚŝŽŶ͕ĂƚĂƌĞĂƐŽŶĂďůĞƌĂƚĞ͕ĂŶĚŝŶĐŽŶĨŽƌŵĂŶĐĞǁŝƚŚĂƉƉůŝĐĂďůĞƐĂĨĞƚǇƐƚĂŶĚĂƌĚƐ͖Žƌ dŚĂƚŝƚŝƐĂƐƚĂƚĞŽƌůŽĐĂůƉƵďůŝĐďŽĚǇŽƌĂŐĞŶĐǇƚŚĞƌĞŽĨ;ŽƌĂĚŝƌĞĐƚƉƌĞĚĞĐĞƐƐŽƌŝŶŝŶƚĞƌĞƐƚǁŚŝĐŚ ŚĂƐĂĐƋƵŝƌĞĚƚŚĞĨƵŶĐƚŝŽŶŽĨƐŽƚƌĂŶƐƉŽƌƚŝŶŐƐĐŚŽŽůĐŚŝůĚƌĞŶĂŶĚƉĞƌƐŽŶŶĞůĂůŽŶŐǁŝƚŚĨĂĐŝůŝƚŝĞƐƚŽ ďĞƵƐĞĚƚŚĞƌĞĨŽƌͿǁŚŽǁĂƐƐŽĞŶŐĂŐĞĚŝŶƐĐŚŽŽůďƵƐŽƉĞƌĂƚŝŽŶƐ͗ /ŶƚŚĞĐĂƐĞŽĨĂŐƌĂŶƚŝŶǀŽůǀŝŶŐƚŚĞƉƵƌĐŚĂƐĞŽĨďƵƐĞƐͲĂŶǇƚŝŵĞĚƵƌŝŶŐƚŚĞϭϮͲŵŽŶƚŚ R ƉĞƌŝŽĚŝŵŵĞĚŝĂƚĞůǇƉƌŝŽƌƚŽƵŐƵƐƚϭϯ͕ϭϵϳϯ͘ /ŶƚŚĞĐĂƐĞŽĨĂŐƌĂŶƚĨŽƌĐŽŶƐƚƌƵĐƚŝŽŶŽƌŽƉĞƌĂƚŝŶŐŽĨĨĂĐŝůŝƚŝĞƐĂŶĚĞƋƵŝƉŵĞŶƚŵĂĚĞ R ƉƵƌƐƵĂŶƚƚŽƚŚĞ&dĐƚĂƐĂŵĞŶĚĞĚ;ϰϵh͘^͘͘ϭϲϬϭ[[1626,2855,1745,2911][11][,I,][Calibri]]ĞƚƐĞƋ [[1745,2855,2248,2911][11][,,][Calibri]]͘Ϳ͕ĂŶǇƚŝŵĞĚƵƌŝŶŐƚŚĞϭϮͲ ŵŽŶƚŚƉĞƌŝŽĚŝŵŵĞĚŝĂƚĞůǇƉƌŝŽƌƚŽEŽǀĞŵďĞƌϮϲ͕ϭϵϳϰ͘ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2250,3093][11][,I,][Calibri]]WĂŐĞϯϮ 3DFNHW3J (D ͸ǤͶǤͳ ŶŽƚŚĞƌŝŵƉŽƌƚĂŶƚĞǆĞŵƉƚŝŽŶƵƐĞĚďǇƚƌĂŶƐŝƚĂŐĞŶĐŝĞƐŝƐƚŚƌŽƵŐŚƚŚĞƵƐĞŽĨƚƌŝƉƉĞƌƐĞƌǀŝĐĞƐ͘dŚĞ&d ĚĞĨŝŶĞƐƚƌŝƉƉĞƌƐĞƌǀŝĐĞĂƐ͗ ͙ƌĞŐƵůĂƌůǇƐĐŚĞĚƵůĞĚŵĂƐƐƚƌĂŶƐƉŽƌƚĂƚŝŽŶƐĞƌǀŝĐĞǁŚŝĐŚŝƐŽƉĞŶƚŽƚŚĞƉƵďůŝĐ͕ĂŶĚǁŚŝĐŚŝƐ ĚĞƐŝŐŶĞĚŽƌŵŽĚŝĨŝĞĚƚŽĂĐĐŽŵŵŽĚĂƚĞƚŚĞŶĞĞĚƐŽĨƐĐŚŽŽůƐƚƵĚĞŶƚƐĂŶĚƉĞƌƐŽŶŶĞů͕ƵƐŝŶŐ ǀĂƌŝŽƵƐĨĂƌĞĐŽůůĞĐƚŝŽŶƐŽƌƐƵďƐŝĚǇƐǇƐƚĞŵƐ͘ƵƐĞƐƵƐĞĚŝŶƚƌŝƉƉĞƌƐĞƌǀŝĐĞŵƵƐƚďĞĐůĞĂƌůǇŵĂƌŬĞĚ ĂƐŽƉĞŶƚŽƚŚĞƉƵďůŝĐĂŶĚŵĂǇŶŽƚĐĂƌƌǇĚĞƐŝŐŶĂƚŝŽŶƐƐƵĐŚĂƐƐĐŚŽŽůďƵƐŽƌƐĐŚŽŽůƐƉĞĐŝĂů͘dŚĞƐĞ ďƵƐĞƐŵĂǇƐƚŽƉŽŶůǇĂƚĂŐƌĂŶƚĞĞŽƌŽƉĞƌĂƚŽƌΖƐƌĞŐƵůĂƌƐĞƌǀŝĐĞƐƚŽƉ͘ůůƌŽƵƚĞƐƚƌĂǀĞůĞĚďǇ ƚƌŝƉƉĞƌďƵƐĞƐŵƵƐƚďĞǁŝƚŚŝŶĂŐƌĂŶƚĞĞΖƐŽƌŽƉĞƌĂƚŽƌΖƐƌĞŐƵůĂƌƌŽƵƚĞƐĞƌǀŝĐĞĂƐŝŶĚŝĐĂƚĞĚŝŶƚŚĞŝƌ ƉƵďůŝƐŚĞĚƌŽƵƚĞƐĐŚĞĚƵůĞƐ;ϰϵ&ZΑϲϬϱ͘ϯͿ͘ /ĨZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚĐŚŽŽƐĞƐƚŽƵƚŝůŝǌĞƚƌŝƉƉĞƌƐƚŽƉƌŽǀŝĚĞƐĞƌǀŝĐĞƚŽƐĐŚŽŽůƐƚŚĞƌĞĂĐŽƵƉůĞŽĨŬĞǇ ƚŚŝŶŐƐƚŚĂƚŶĞĞĚƚŽďĞƚĂŬĞŶŝŶƚŽĐŽŶƐŝĚĞƌĂƚŝŽŶǁŚĞŶƐĞƚƚŝŶŐƵƉƚŚĞƐĞƌǀŝĐĞƐ͘dŚĞƐĞƌǀŝĐĞƐŶĞĞĚƐƚŽďĞ ŽƉĞŶƚŽƚŚĞŐĞŶĞƌĂůƉƵďůŝĐ͕ƌŽƵƚĞƐŵƵƐƚďĞƉĂƌƚŽĨƚŚĞƌĞŐƵůĂƌƐĞƌǀŝĐĞƌŽƵƚĞĂŶĚŝŶĐůƵĚĞĚŽŶƚŚĞ ƉƵďůŝƐŚĞĚƌŽƵƚĞƐĐŚĞĚƵůĞ͘dƌĂŶƐŝƚǀĞŚŝĐůĞƐĐĂŶŽŶůǇƐƚŽƉĂƚĚĞƐŝŐŶĂƚĞĚďƵƐƐƚŽƉƐ͘/ĨĂƐƚŽƉŝƐĚŝƌĞĐƚůǇŝŶ ĨƌŽŶƚŽĨĂƐĐŚŽŽůƚŚĞƐƚŽƉŶĞĞĚƐƚŽďĞĂĐĐĞƐƐŝďůĞƚŽƚŚĞŐĞŶĞƌĂůƉƵďůŝĐĂŶĚĐůĞĂƌůǇŵĂƌŬĞĚůŝŬĞĂůůŽƚŚĞƌ ƐƚŽƉƐŝŶƚŚĞƐǇƐƚĞŵ͘dƌĂŶƐŝƚǀĞŚŝĐůĞƐĐĂŶŶŽƚďĞŵĂƌŬĞĚŝŶĂŶǇǁĂǇƚŽŝĚĞŶƚŝĨǇŝƚĂƐĂƐĐŚŽŽůƚƌŝƉŽƌŽƚŚĞƌ ŵĂƌŬŝŶŐƚŚĂƚǁŽƵůĚĚĞƚĞƌŐĞŶĞƌĂůƉƵďůŝĐƵƐĞŽĨƚŚĞƐĞƌǀŝĐĞ͘dŚĞŶĂŵĞŽĨƚŚĞƐĐŚŽŽůĐĂŶŽŶůǇďĞŝŶĐůƵĚĞ 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ƉƌŽƉŽƐĞĚƐĐŚŽŽůďƵƐŽƉĞƌĂƚŝŽŶƐ͕ĂŶĚƚŚĞŶƵŵďĞƌŽĨǁĞĞŬĚĂǇƐƚŚŽƐĞďƵƐĞƐǁŝůůďĞĂǀĂŝůĂďůĞ ĨŽƌƐĐŚŽŽůďƵƐŽƉĞƌĂƚŝŽŶƐ͘ ƐƚĂƚĞŵĞŶƚŽĨƚŚĞƚŝŵĞ͕ĚĂƚĞ͕ĂŶĚƉůĂĐĞŽĨƉƵďůŝĐŚĞĂƌŝŶŐƐƚŽďĞŚĞůĚŽŶƚŚĞĂƉƉůŝĐĂƚŝŽŶ ĨŽƌĂƐƐŝƐƚĂŶĐĞ͘ ƐƚĂƚĞŵĞŶƚƐĞƚƚŝŶŐĨŽƌƚŚƌĞĂƐŽŶƐƚŚĞZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚĨĞĞůƐŝƚƐŚŽƵůĚďĞĂůůŽǁĞĚƚŽ ĞŶŐĂŐĞŝŶƐĐŚŽŽůďƵƐŽƉĞƌĂƚŝŽŶƐƵŶĚĞƌϰϵ&ZΑϲϬϱ͘ϭϭ [[300,3037,1277,3093][11][,I,][Calibri]]ZŽĐŚĞƐƚĞƌWƵďůŝĐdƌĂŶƐŝƚ^ĐŚŽŽůdƌĂŶƐƉŽƌƚĂƚŝŽŶ^ƚƵĚǇ [[2101,3037,2250,3093][11][,I,][Calibri]]WĂŐĞϯϯ 3DFNHW3J (D ŽƉŝĞƐŽĨƚŚĞŝŶĨŽƌŵĂƚŝŽŶƉƌŽǀŝĚĞĚƚŽƚŚĞ&d͕ĚĞƐĐƌŝďĞĚĂďŽǀĞ͕ŵƵƐƚďĞŬĞƉƚĂƚZŽĐŚĞƐƚĞƌWƵďůŝĐ dƌĂŶƐŝƚ͛ƐŽĨĨŝĐĞĂŶĚĂǀĂŝůĂďůĞƚŽƚŚĞƉƵďůŝĐĚƵƌŝŶŐƌĞŐƵůĂƌďƵƐŝŶĞƐƐŚŽƵƌƐ͘ ͸Ǥͷ /ŶǀĂƌŝŽƵƐĐŽŵŵƵŶŝƚŝĞƐŝŶDŝŶŶĞƐŽƚĂŚŝŐŚƐĐŚŽŽůƐƚƵĚĞŶƚƐƌĞůǇƵƉŽŶƉƵďůŝĐƚƌĂŶƐŝƚƐĞƌǀŝĐĞƐƚŽƚƌĂǀĞůƚŽ ĂŶĚĨƌŽŵƐĐŚŽŽůĂŶĚƐĐŚŽŽůƌĞůĂƚĞĚĂĐƚŝǀŝƚŝĞƐ͘tŚŝůĞĐŽŶĐĞƌŶƐŽĨďĞŚĂǀŝŽƌŽĨƐƚƵĚĞŶƚĂŶĚŐĞŶĞƌĂůƉƵďůŝĐ ƚƌĂŶƐŝƚƌŝĚĞƌƐŚĂƐďĞĞŶƌĂŝƐĞĚĂƐĂĐŽŶĐĞƌŶ͕ŝƚŝƐŐĞŶĞƌĂůůǇĂůĂƌŐĞĐŽŶĐĞƌŶƚŚĂƚŚĂƐŶŽƚŵĂƚĞƌŝĂůŝǌĞĚŝŶ ŝŶĐŝĚĞŶƚƐŽƌƐĞƌŝŽƵƐĐŽŶĐĞƌŶƐǁŚĞŶƚŚĞƚƌĂŶƐŝƚĂŐĞŶĐǇĂŶĚƐĐŚŽŽůƐǁŽƌŬƚŽŐĞƚŚĞƌƚŽĞŶĨŽƌĐĞďĞŚĂǀŝŽƌĂů ŝƐƐƵĞƐ͘ 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DƐ͘^ŽƐĂŶŽƚĞĚWtĚŝĚŶŽƚŚĂǀĞĐŽŵŵĞŶƚƐƌĞŐĂƌĚŝŶŐƚŚĞĞǆŝƐƚŝŶŐǁŝĚƚŚŽĨƚŚĞĚƌŝǀĞǁĂǇ͘ Dƌ͘DŽŚƐĂƐŬĞĚĂďŽƵƚƚŚĞĐƵƌƌĞŶƚƐŝĚĞǁĂůŬǁŚĞƌĞƐƚĂĨĨŝƐƐƵŐŐĞƐƚŝŶŐĂůĂŶĚƐĐĂƉĞĂƌĞĂ͘ _3DJH 3DFNHW3J *K ŝƚǇWůĂŶŶŝŶŐĂŶĚŽŶŝŶŐŽŵŵŝƐƐŝŽŶDŝŶƵƚĞƐ,ĞĂƌŝŶŐĂƚĞ͗:ĂŶƵĂƌǇϮϰ͕ϮϬϭϴ DƐ͘^ŽƐĂƐƚĂƚĞĚƚŚĞŝŵĂŐĞƐŚŽǁƐǁĂƐĐƵƌƌĞŶƚůǇĞǆŝƐƚƐ͕ĂŶĚǁŚĂƚŝƐƐŚŽǁŽŶƚŚĞƐŝƚĞƉůĂŶŝƐŶŽƚǁŚĂƚ ĐƵƌƌĞŶƚůǇĞǆŝƐƚƐ͘ Dƌ͘ŶŐĞůŶŽƚĞĚƚŚĞŽŶůǇĂĚĚŝƚŝŽŶĂůůĂŶĚƐĐĂƉĞďĞŝŶŐƌĞƋƵĞƐƚĞĚďǇƐƚĂĨĨŝƐĐƵƌƌĞŶƚůǇĂƉĂƌŬŝŶŐůŽƚƐƉĂĐĞ ŶŽƚĞĚŽŶƚŚĞƉůĂŶ͘ DƐ͘tŝůƐŽŶŽƉĞŶĞĚƚŚĞƉƵďůŝĐŚĞĂƌŝŶŐ͘ Dƌ͘DĂƌŬtĞůĐŚ͕'ͲƵďĞĚŶŐŝŶĞĞƌ͕ϭϰϬϳϬ,ŝŐŚǁĂǇϱϮ͕ŚĂƚĨŝĞůĚDE͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘,Ğ ĞǆƉůĂŝŶĞĚƚŚĞƉƌŽũĞĐƚĚĞƚĂŝůƐ͕ŶŽƚĞĚƚŚŝƐƉƌŽũĞĐƚŝƐĚŝĨĨĞƌĞŶƚďĞĐĂƵƐĞƚŚĞďƵŝůĚŝŶŐŝƐĐƵƌƌĞŶƚůǇŝŶƉůĂĐĞ͕ƚŚĞ ĂƉƉůŝĐĂŶƚƉůĂŶƐƚŽďƌŝŶŐƚŚĞƉƌŽƉĞƌƚǇŝŶƚŽĐŽŵƉůŝĂŶĐĞƐƵĐŚĂƐĂĚĚŝŶŐƚƌĂƐŚĞŶĐůŽƐƵƌĞƐ͕ĂŶĚůĂŶĚƐĐĂƉŝŶŐ͘ ,ĞĂůƐŽƌĞƋƵĞƐƚĞĚĂŵŽĚŝĨŝĐĂƚŝŽŶƚŽĐŽŶĚŝƚŝŽŶŶŽ͘ϱ͕ĂƐŬĞĚĨŽƌĐŚĂŶŐŝŶŐƚŚĞǁŽƌĚŝŶŐĨƌŽŵ͞ŵƵƐƚďĞ ĂƉƉƌŽǀĞĚ͟ƚŽ͞ŵĂǇďĞƌĞƋƵŝƌĞĚ͖͟ŚĞƉƌŽĐĞĞĚĞĚƚŽƌĞǀŝĞǁƚŚĞƌĞŵĂŝŶŝŶŐƐƚĂĨĨĐŽŶĚŝƚŝŽŶƐ͘,ĞŶŽƚĞĚƚŚĞǇ ĂƌĞŝŶĂŐƌĞĞŵĞŶƚǁŝƚŚƐƚĂĨĨĐŽŶĚŝƚŝŽŶƐĞǆĐĞƉƚĨŽƌƚŚĞƌĞƋƵĞƐƚĞĚŵŽĚŝĨŝĐĂƚŝŽŶƚŽĐŽŶĚŝƚŝŽŶŶŽ͘ϱ͘ Dƌ͘ƵƌƐƚĂƐŬĞĚĂďŽƵƚƚŚĞƐŝǌĞŽĨƚŚĞǁĂƚĞƌůŝŶĞƐĞƌǀŝĐĞ͘ Dƌ͘tĞůĐŚŶŽƚĞĚƚŚĞůŝŶĞŝƐŶŽƚƐƵĨĨŝĐŝĞŶƚƚŽƐĞƌǀĞĨŝƌĞĨůŽǁĂŶĚǁŝůůŶĞĞĚƚŽďĞŝŶĐƌĞĂƐĞĚƚŚĞƐŝǌĞ͘ DƐ͘<Ăƌŝ&ƌŝĞĚĞƌŝĐŚƐ͕ƌĞƐŝĚŝŶŐĂƚϭϬϴϭϳϭϭϬ ƚŚ ^ƚƌĞĞƚ^͕ŚĂƚĨŝĞůĚ͕DE͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘^ŚĞ ƉƌĞƐĞŶƚĞĚŝŶĨŽƌŵĂƚŝŽŶŽŶĂƌĞŶƚĂůƉƌŽƉĞƌƚǇ͕dŚĞWĂƌŬĞƌ͕ƚŚĞǇƌĞĐĞŶƚůǇƌĞŵŽĚĞůĞĚĂŶĚŶŽƚĞĚƚŚĞŝƌ ƐƵĐĐĞƐƐ͘^ŚĞƌĞǀŝĞǁĞĚƚŚĞďĂĐŬŐƌŽƵŶĚŽĨƌĞŶƚĂůƉƌŽƉĞƌƚŝĞƐǁŚŝĐŚƚŚĞǇŵĂŶĂŐĞ͕ƐŚĞƐƚĂƚĞĚƚŚĞǇĨĞĞů ĐŽŶĨŝĚĞŶƚŝŶďĞŝŶŐĂďůĞƚŽĨŝůůƚŚĞŵŝĐƌŽͲƵŶŝƚƐ͘ Dƌ͘,ŝůůĂƐŬĞĚĂďŽƵƚƚŚĞƉĂƌŬŝŶŐĨŽƌƚĞŶĂŶƚƐ͘ DƐ͘&ƌŝĞĚĞƌŝĐŚĞǆƉůĂŝŶĞĚƚŚĞŝƌƉĂƌŬŝŶŐĂƌƌĂŶŐĞŵĞŶƚƐĂŶĚůŽĐĂƚŝŽŶƐĨŽƌƚĞŶĂŶƚƐ͘ Dƌ͘,ŝůůƋƵĞƐƚŝŽŶĞĚĂďŽƵƚŶĞĞĚƐƚŚĂƚĐĂŶĐŚĂŶŐĞĨŽƌƚŚĞƚĞŶĂŶƚŝŶƌĞŐĂƌĚƚŽƉĂƌŬŝŶŐ͘ DƐ͘&ƌŝĞĚĞƌŝĐŚĐŽŵŵĞŶƚĞĚŽŶƚŚĞŝƌƌĞƐŽƵƌĐĞƐĂǀĂŝůĂďůĞĨŽƌƉŽƐƐŝďŝůŝƚǇƉƌŽǀŝĚŝŶŐĂĚĚŝƚŝŽŶĂůƉĂƌŬŝŶŐ͘ Dƌ͘ĂƐƚƌŽĂƐŬĞĚĂďŽƵƚƚĞƌŵƐŽĨƚŚĞƌĞŶƚĂůƵŶŝƚƐ͘ DƐ͘&ƌŝĞĚƌŝĐŚŶŽƚĞĚƚŚĞƵŶŝƚƐĂƌĞŵŽŶƚŚƚŽŵŽŶƚŚƌĞŶƚĂůƐĂƚƚŚĞWĂƌŬĞƌ͖ƚŚĞĨĂĐŝůŝƚǇďĞŝŶŐƌĞǀŝĞǁĞĚǁŝůů ďĞƚŚƌĞĞŵŽŶƚŚƚĞƌŵƐ͘ Dƌ͘DŽŚƐĂƐŬĞĚĂďŽƵƚƚŚĞĂǀĞƌĂŐĞƌĂƚĞƐŽĨƚŚĞƵŶŝƚƐ͘ DƐ͘&ƌŝĞĚƌŝĐŚƐŶŽƚĞĚƚŚĞǇůŝŬĞƚŽƐƚĂǇĂĨĨŽƌĚĂďůĞƌĂƚĞƐŽĨĂƌŽƵŶĚΨϴϱϬͬŵŽŶƚŚŝŶĐůƵĚŝŶŐĂƉĂƌŬŝŶŐƐƉĂĐĞ͘ DƐ͘tŝůƐŽŶŝŶƋƵŝƌĞĚĂďŽƵƚƚŚĞƐƚĂĨĨĐŽŶĚŝƚŝŽŶŶŽ͘ϱƌĞƋƵĞƐƚĨŽƌŵŽĚŝĨŝĐĂƚŝŽŶŝŶǀĞƌďĂŐĞ͘ Dƌ͘ŶŐĞůƐƵŐŐĞƐƚĞĚǀĞƌďŝĂŐĞƚŽƚŚĞŽŶĚŝƚŝŽŶEŽ͘ϱ͘ Dƌ͘DĂƌŬtĞůĐŚ͕ĐŽŶƐƵůƚĂŶƚǁŝƚŚ'ͲƵďĞĚ͕ϭϰϬϳϬ,ŝŐŚǁĂǇϱϮ͕ŚĂƚĨŝĞůĚ͕DE͕ĂĚĚƌĞƐƐĞĚƚŚĞ ŽŵŵŝƐƐŝŽŶ͘,ĞƐƚĂƚĞĚƚŚĞǇĂƌĞŝŶĂŐƌĞĞŵĞŶƚǁŝƚŚƚŚĞƐƵŐŐĞƐƚĞĚǀĞƌďĂŐĞŽĨŽŶĚŝƚŝŽŶŶŽ͘ϱ͘ _3DJH 3DFNHW3J *K ŝƚǇWůĂŶŶŝŶŐĂŶĚŽŶŝŶŐŽŵŵŝƐƐŝŽŶDŝŶƵƚĞƐ,ĞĂƌŝŶŐĂƚĞ͗:ĂŶƵĂƌǇϮϰ͕ϮϬϭϴ tŝƚŚŶŽŽŶĞĞůƐĞǁŝƐŚŝŶŐƚŽďĞŚĞĂƌĚ͕DƐ͘tŝůƐŽŶĐůŽƐĞĚƚŚĞƉƵďůŝĐŚĞĂƌŝŶŐ͘ Dƌ͘ƵƌƐƚŵŽǀĞĚƚŽƌĞĐŽŵŵĞŶĚĂƉƉƌŽǀĂůŽĨŽŶĚŝƚŝŽŶĂůhƐĞWĞƌŵŝƚͲ/ŶĐĞŶƚŝǀĞĞǀĞůŽƉŵĞŶƚ WƌĞůŝŵŝŶĂƌǇWůĂŶηϮϬϭϳͲϬϯϱhWǁŝƚŚƚŚĞƐƚĂĨĨͲƌĞĐŽŵŵĞŶĚĞĚĨŝŶĚŝŶŐƐĂŶĚĐŽŶĚŝƚŝŽŶƐǁŝƚŚƌĞǀŝƐŝŽŶ ƚŽŽŶĚŝƚŝŽŶEŽ͘ϱ͘Dƌ͘DŽŚƐƐĞĐŽŶĚĞĚƚŚĞŵŽƚŝŽŶ͘dŚĞŵŽƚŝŽŶĐĂƌƌŝĞĚƵŶĂŶŝŵŽƵƐůǇ͘ KE/d/KE^͗ ϭ͘ŶƵƉĚĂƚĞĚ^ŝƚĞWůĂŶŵƵƐƚďĞƐƵďŵŝƚƚĞĚǁŝƚŚƚŚĞĨŽůůŽǁŝŶŐŵŽĚŝĨŝĐĂƚŝŽŶƐ͗ Ă͘dŚĞůŽĐĂƚŝŽŶŽĨĂƐŚĂƌĞĚĐĂƌŽŶƐŝƚĞ͘ ď͘dŚĞůŽĐĂƚŝŽŶĂŶĚŶƵŵďĞƌŽĨďŝĐǇĐůĞƉĂƌŬŝŶŐƐƉĂĐĞƐƌĞƋƵŝƌĞĚƚŽŽĨĨƐĞƚƚŚĞŶƵŵďĞƌŽĨ ǀĞŚŝĐůĞƉĂƌŬŝŶŐƐƉĂĐĞƌĞĚƵĐƚŝŽŶƐŐƌĂŶƚĞĚďǇƚŚĞDͲWK͘ Đ͘/ĨĂŶĞǁǁĂƚĞƌƐĞƌǀŝĐĞŝƐƌĞƋƵŝƌĞĚĨŽƌƚŚĞƉůĂŶŶĞĚƐƉƌŝŶŬůĞƌƐǇƐƚĞŵ͕ƚŚĞŶĞǁǁĂƚĞƌ ƐĞƌǀŝĐĞŵƵƐƚďĞƐŚŽǁŶŽŶƚŚĞƉůĂŶŝŶĂŶĂƉƉƌŽǀĞĚůŽĐĂƚŝŽŶĂŶĚƉƌŽƉĞƌƐŝǌĞ͘ Ě͘dŚĞĞůŝŵŝŶĂƚŝŽŶŽĨƉĂƌŬŝŶŐƐƉĂĐĞ͞ϭ͟ƌĞƉůĂĐĞĚǁŝƚŚĂϲĨŽŽƚůĂŶĚƐĐĂƉĞďƵĨĨĞƌ͘ Ğ͘ŽƌƌĞĐƚŝŽŶŽĨƚŚĞƐŝƚĞƉůĂŶƚŽƐŚŽǁƚŚĞĐŽƌƌĞĐƚƐŝĚĞǁĂůŬǁŝĚƚŚŝŶĨƌŽŶƚŽĨƚŚĞĞĂƐƚĞƌŶƐŝĚĞ ŽĨƚŚĞƌĞĐƌĞĂƚŝŽŶƐƉĂĐĞ͘ Ϯ͘WƌŝŽƌƚŽŽƵŶĐŝůƉƉƌŽǀĂů͕ƚŚĞĂƉƉůŝĐĂŶƚŵƵƐƚĐŽƌƌĞĐƚƚŚĞůŽĐĂƚŝŽŶŽĨƚŚĞĞĂƐƚƉƌŽƉĞƌƚǇůŝŶĞŽŶ ƚŚĞ^ŝƚĞWůĂŶ͕ŽƌƐƵďŵŝƚĚŽĐƵŵĞŶƚĂƚŝŽŶƚŽƉůĂŶŶŝŶŐƐƚĂĨĨƚŽĐŽŶĨŝƌŵƚŚĞĐƵƌƌĞŶƚůŽĐĂƚŝŽŶ͘ ϯ͘WƌŝŽƌƚŽďƵŝůĚŝŶŐƉĞƌŵŝƚĂƉƉƌŽǀĂů͕ĂWŚŽƚŽŵĞƚƌŝĐWůĂŶƐŚĂůůďĞƐƵďŵŝƚƚĞĚƚŽƐŚŽǁƚŚĂƚƚŚĞ ƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚŵĞĞƚƐƚŚĞůŝŐŚƚŝŶŐƐƚĂŶĚĂƌĚƐĨŽƌĂŵƵůƚŝͲĨĂŵŝůǇƌĞƐŝĚĞŶƚŝĂůďƵŝůĚŝŶŐŝŶ ƚŚĞͲ&ZǌŽŶŝŶŐĚŝƐƚƌŝĐƚ͘ ϰ͘WƌŝŽƌƚŽďƵŝůĚŝŶŐƉĞƌŵŝƚĂƉƉƌŽǀĂů͕Ă>ĂŶĚƐĐĂƉĞĂŶĚŵĞŶŝƚŝĞƐWůĂŶƐŚĂůůďĞƐƵďŵŝƚƚĞĚƚŽƐŚŽǁ ƚŚĞĞǆŝƐƚŝŶŐůĂŶĚƐĐĂƉŝŶŐĂŶĚĂŵĞŶŝƚŝĞƐŽŶƐŝƚĞ͕ĂŶĚĂŶĞǁůĂŶĚƐĐĂƉĞƉůĂŶƚĞƌǁŝƚŚƉƌŽƉŽƐĞĚ ƐƉĞĐŝĞƐƚŚĂƚǁŝůůƌĞƉůĂĐĞƚŚĞƉĂƌŬŝŶŐƐƉĂĐĞŝŶƚŚĞŶŽƌƚŚĞĂƐƚĐŽƌŶĞƌŽĨƚŚĞƉĂƌŬŝŶŐĂƌĞĂ͘ ϱ͘'ƌĂĚŝŶŐĂŶĚƌĂŝŶĂŐĞWůĂŶ͕ŝĨƌĞƋƵŝƌĞĚďǇWƵďůŝĐtŽƌŬƐ͕ŵƵƐƚďĞĂƉƉƌŽǀĞĚďĞĨŽƌĞŝƐƐƵĂŶĐĞŽĨ ĂďƵŝůĚŝŶŐƉĞƌŵŝƚ͘ ϲ͘WƌŝŽƌƚŽďƵŝůĚŝŶŐƉĞƌŵŝƚĂƉƉƌŽǀĂů͕ƉĂǇŵĞŶƚƐŚĂůůďĞŐŝǀĞŶƚŽƚŚĞŝƚǇWĂƌŬƐĂŶĚZĞĐƌĞĂƚŝŽŶ ĞƉĂƌƚŵĞŶƚĨŽƌϲďŽƵůĞǀĂƌĚƚƌĞĞƐ͘ 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ůĂŶŐƵĂŐĞŝŶƚŚĞĐŽŵƉƉůĂŶƉĞƌƚĂŝŶŝŶŐƚŽƚŚĞĚĞƐŝŐŶŽĨŐƌŽǁƚŚĂƌĞĂƐ͖ƐƵƉƉŽƌƚƐƚŚĞƉƌŝŵĂƌǇƚƌĂŶƐŝƚ ŶĞƚǁŽƌŬƐ͕ĂĐŬŶŽǁůĞĚŐĞĚƚŚĞůŽĐĂƚŝŽŶƐŽĨƚŚĞŶĞƚǁŽƌŬƐĂŶĚǁŽƵůĚůŝŬĞƚŽƐĞĞĂĚĚŝƚŝŽŶĂůůŽĐĂƚŝŽŶƐďĞ ĂĚĚĞĚƚŽƚŚĞŶĞƚǁŽƌŬ͖ƚŚĞĚĞƐŝŐŶŽĨĂĚĚŝƚŝŽŶĂůĞĚŐĞŐƌŽǁƚŚŶĞĞĚƐƚŽďĞůŽŽŬĞĚĂƚĂŶĚŵĂƉƚŚĞĂƌĞĂƐŽĨ ŶŽŶ Ͳ ĚĞǀĞůŽƉĂďůĞĂƌĞĂƐƐŽƚŚĞǇĐĂŶďĞƉƌĞƐĞƌǀĞĚ͘ Dƌ͘tĂůƚĞƌƐƐƚĂƚĞĚŚĞůŽŽŬĞĚĂƚƚŚĞƐĂŵĞŝƐƐƵĞƐĂŶĚƌĞĐĞŝǀĞĚĂƌĞƐƉŽŶƐĞĨƌŽŵDƐ͘'ŽƐůĞĞ͘ Dƌ͘DĂƐƚĞƌƉŽůĞĐŽŶƚŝŶƵĞĚ͕ĂƐŬŝŶŐŝĨƚŚĞĐŽƌĞŶĞŝŐŚďŽƌŚŽŽĚƐůĂŶĚƵƐĞǁŽƵůĚďĞƵƉĚĂƚĞĚ͖ƚŚĞƌĞĂƌĞ ŝŶƐƚĂŶĐĞƐǁŚĞƌĞƚŚĞůĂŶĚƵƐĞĚŽĞƐŶŽƚŵĂƚĐŚƚŚĞŶĞŝŐŚďŽƌŚŽŽĚƐ͖ƚŚĞ/ŵĂŐŝŶĞ<ƵƚǌŬǇƉůĂŶƐƚŝůůŝŶĞĨĨĞĐƚ͕ ǁŝůůƚŚĞƌĞďĞĂƌĞƉůĂĐĞŵĞŶƚŽƌǀŽŝĚĞĚ͘ Dƌ͘tĂůƚĞƌƐĂƐŬĞĚĂďŽƵƚǁŚĞŶƚŚĞƐŵĂůůĂƌĞĂƉůĂŶƐǁŽƵůĚďĞĚĞǀĞůŽƉĞĚ͘ DƐ͘ĂŬĞƌƌĞƐƉŽŶĚĞĚǁŝƚŚĂƉŽƐƐŝďůĞƚŝŵĞůŝŶĞĨŽƌĂƐŵĂůůĂƌĞĂƉůĂŶ͘ Dƌ͘'ĂƌǇDĞůŝŶĞ͕ƌĞƐŝĚŝŶŐŝŶZŽĐŚĞƐƚĞƌ͕DE͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘,ĞĐŽŵŵĞŶƚĞĚĂďŽƵƚƚŚĞůĂĐŬ ŽĨǁŚĂƚĂƌĞƚŚĞĐŽƐƚƐŽĨŝŵƉůĞŵĞŶƚŝŶŐƚŚĞĐŽŵƉƌĞŚĞŶƐŝǀĞƉůĂŶ͕ƚŚĞƌĞĂƌĞŵĂŶǇŵŽĚĞƐŽĨƚƌĂŶƐƉŽƌƚĂƚŝŽŶ ďĞŝŶŐƌĞǀŝĞǁĞĚ͕ŚĞƐƚĂƚĞĚŝĨƚŚĞĚĞĞƉƉŽĐŬĞƚƐĂƌĞĐŽŵŝŶŐĨƌŽŵĚŽǁŶƚŽǁŶďƵƐŝŶĞƐƐĞƐǁŚǇǁŽƵůĚƚŚĞƌĞ ďĞĞůŝŵŝŶĂƚŝŽŶŽĨƐŽŵĂŶǇƉĂƌŬŝŶŐĂƌĞĂƐŶĞĞĚĞĚĨŽƌƚŚĞĞŵƉůŽǇŵĞŶƚĚŽǁŶƚŽǁŶ͘ _3DJH 3DFNHW3J *G ŝƚǇWůĂŶŶŝŶŐĂŶĚŽŶŝŶŐŽŵŵŝƐƐŝŽŶDŝŶƵƚĞƐ,ĞĂƌŝŶŐĂƚĞ͗EŽǀĞŵďĞƌϮϵ͕ϮϬϭϴ Dƌ͘:ĂŶdŚƌŽŶĚƐŽŶ͕ƌĞƐŝĚŝŶŐĂƚϵϮϱEŽƌƚŚǁĂǇ>ĂŶĞE͕ZŽĐŚĞƐƚĞƌ͕DE͕ĂĚĚƌĞƐƐĞĚƚŚĞŽŵŵŝƐƐŝŽŶ͘,Ğ ĂƐŬĞĚĂďŽƵƚƚŚĞĐŽƐƚƐŽĨƚŚĞƉůĂŶ͕ĐŽƐƚƐŽĨůŝǀŝŶŐŝŶZŽĐŚĞƐƚĞƌĐŽŶƚŝŶƵĞƚŽŐŽƵƉ͖ƚŚĞŵŽĚĞƐŽĨ ƚƌĂŶƐƉŽƌƚĂƚŝŽŶĂƌĞůŝŵŝƚĞĚďĞĐĂƵƐĞŽĨƚŚĞǁŝŶƚĞƌŵŽŶƚŚƐ͖ŶĂƌƌŽǁŝŶŐŽĨƐƚƌĞĞƚƐĂƌĞŐŽŝŶŐƚŽďĞĂĚĚŝƚŝŽŶĂů ĐŽƐƚĨŽƌŵĂŝŶƚĂŝŶŝŶŐŽĨƚŚŽƐĞƌŽĂĚƐ͘,ĞĂƐŬĞĚŝƐƚŚŝƐǁŚĂƚƚŚĞƉƵďůŝĐǁĂŶƚƐ͖ƉƌŝǀĂƚĞŵŽŶĞǇƐŚŽƵůĚďĞ ĐŽŵŝŶŐĨŽƌǁĂƌĚ͖ƚĂǆƉĂǇĞƌƐĐĂŶ͛ƚƚĂŬĞŽŶŵŽƌĞŝŶĐƌĞĂƐĞƐŝŶƚŚĞƚĂǆĞƐƉĂŝĚ͘ tŝƚŚŶŽŽŶĞĞůƐĞǁŝƐŚŝŶŐƚŽďĞŚĞĂƌĚ͕DƐ͘DĞĞŬĐůŽƐĞĚƚŚĞƉƵďůŝĐŚĞĂƌŝŶŐ͘ Dƌ͘tĂůƚĞƌƐƐƚĂƚĞĚƚŚĞƉůĂŶŝƐŐŽŽĚ͖ŚĂƉƉǇǁŝƚŚƌĞƐƉŽŶƐĞƐĨƌŽŵƚŚĞWůĂŶŶŝŶŐ^ƚĂĨĨ͖ƐŵĂůůĂƌĞĂƉůĂŶƐĂƌĞ ŐŽŝŶŐƚŽďĞŶĞĞĚĞĚĨŽƌƚŚĞƚƌĂŶƐŝƚŽƌŝĞŶƚĞĚĂƌĞĂƐ͕ƐƉĞĐŝĨŝĐĂůůǇĂƌĞĂƐůŝŬĞƚŚĞĂƌĞĂďĞƚǁĞĞŶYƵĂƌƌǇ,ŝůů ĂŶĚƚŚĞŽůůĞŐĞ͖ŚŽƉŝŶŐƚŚĞƌĞƐŽƵƌĐĞƐĐĂŶďĞĨŽƵŶĚƚŽǁŽƌŬǁŝƚŚƚŚĞĂƌĞĂƐŽĨĐŽŶĐĞƌŶ͘ Dƌ͘'ŽŽĚĞŶďĞƌŐĞƌĂĚĚƌĞƐƐĞĚƚŚĞƐƉĞĐŝĨŝĐĂĐĐĞƐƐŝďŝůŝƚǇĐŽŶĐĞƌŶƐďĞŝŶŐŝŶĐůƵĚĞĚŝŶƚŚĞŽŶŝŶŐKƌĚŝŶĂŶĐĞ Žƌ>ĂŶĚĞǀĞůŽƉŵĞŶƚ>ĂŶĚDĂŶƵĂůǀĞƌƐƵƐƚŚĞŽŵƉWůĂŶ͘,ĞĂƐŬĞĚWůĂŶŶŝŶŐ^ƚĂĨĨŝĨƚŚĞǇǁŽƵůĚĐŽŶƐŝĚĞƌ ƐŽŵĞŽĨƚŚĞĂĚŽƉƚĞĚŶĞŝŐŚďŽƌŚŽŽĚǀŝƐŝŽŶƉůĂŶƐƚŽďĞ^ŵĂůůƌĞĂƉůĂŶƐƚŚĂƚǁŽƵůĚĐŽŶƚŝŶƵĞĂůŽŶŐŝĨƚŚŝƐ ƉůĂŶŝƐƵƉĚĂƚĞĚ͘ DƐ͘ĂŬĞƌŶŽƚĞĚƚŚĞƐŚĞƵŶĚĞƌƐƚĂŶĚƐƚŚĞŶĞŝŐŚďŽƌŚŽŽĚƉůĂŶƐǁĞƌĞĂĚŽƉƚĞĚĂůŽŶŐǁŝƚŚƚŚĞZŽĐŚĞƐƚĞƌ hƌďĂŶ^ĞƌǀŝĐĞƌĞĂ>ĂŶĚhƐĞWůĂŶ͕ƚŚĞǇǁŽƵůĚŐŽĂǁĂǇƵŶůĞƐƐĂƐĞƉĂƌĂƚĞĂĐƚŝŽŶǁĂƐƚĂŬĞŶ͘ Dƌ͘'ŽŽĚĞŶďĞƌŐĞƌĐŽŵŵĞŶƚĞĚƚŚĞƉůĂŶŝƐŵŽǀŝŶŐŝŶƚŚĞƌŝŐŚƚĚŝƌĞĐƚŝŽŶ͖ďŝŐŐĞƐƚŝƐƐƵĞŽĨŝŵƉŽƌƚĂŶĐĞŝƐ ĨŽƌƚŚĞŽŵŵŝƐƐŝŽŶƚŽƌĞǀŝĞǁƚŚĞƉůĂŶĞǀĞƌǇϱ Ͳ ǇĞĂƌƐ͕ǁŚŝĐŚŚĂƐŶŽƚďĞĞŶŚĂƉƉĞŶŝŶŐĐƵƌƌĞŶƚůǇ͖ĂŶĚƚŚĞ WůĂŶŶŝŶŐĞƉĂƌƚŵĞŶƚŚĂǀŝŶŐƚŚĞĨƵŶĚƐĂǀĂŝůĂďůĞƚŽƌĞǀŝĞǁ͘ DƐ͘tŝůƐŽŶĐŽŵŵĞŶƚĞĚŝŶĂŐƌĞĞŵĞŶƚǁŝƚŚƚŚĞƌĞǀŝĞǁŽĨƚŚĞŽŵƉƌĞŚĞŶƐŝǀĞWůĂŶďĞŝŶŐĚŽŶĞ͖ĂŶĚ ǁŽƵůĚůŝŬĞƚŽƐĞĞƚŚĞƉůĂŶŵŽǀĞĨŽƌǁĂƌĚ͘ Dƌ͘ƵƌƐƚĐŽŵŵĞŶƚĞĚŽŶƚŚĞůĞŶŐƚŚŽĨƚŚĞƚŝŵĞŝƚŚĂƐƚĂŬĞŶƚŽŐĞƚƚŽǁŚĞƌĞƚŚĞǇĂƌĞĐƵƌƌĞŶƚůǇ͖Ă ĐŽŶĐĞƌŶŽĨĐŽƐƚǁĂƐĞǆƉƌĞƐƐĞĚ͕ĂŶĚŵŝŶĚĨƵůƚŽŶŽƚŽǀĞƌ Ͳ ƉƌŝĐĞƚŚĞĐŽŵŵƵŶŝƚǇǁŝƚŚƚŚĞŝŵƉůĞŵĞŶƚĂƚŝŽŶ ŽĨƚŚĞƉůĂŶ͘ Dƌ͘,ŝůůŶŽƚĞĚƚŚĞƉůĂŶŝƐĂŐƌĞĂƚǀŝƐŝŽŶĨŽƌƚŚĞĐŽŵŵƵŶŝƚǇ͖ŶŽƚĞĚĐŽŶĐĞƌŶĨŽƌƚŚĞŶĞĞĚŽĨĂĨĨŽƌĚĂďůĞ ŚŽƵƐŝŶŐĂŶĚƚŚĞĐŽƐƚŝƚŝƐŐŽŝŶŐƚŽƚĂŬĞƚŽďƌŝŶŐƚŚĞǀŝƐŝŽŶƚŽƌĞĂůŝƚǇ͘ DƐ͘DĞĞŬĂƐŬĞĚĂďŽƵƚƚŚĞŽŵƉƌĞŚĞŶƐŝǀĞWůĂŶŵĞŶƚŝŽŶŝŶŐƚŚĞŽƵŶƚǇ,ŽƵƐŝŶŐƉůĂŶĂŶĚƚŚĞƌĞůĂƚŝŽŶ ďĞƚǁĞĞŶƚŚĞƚǁŽƉůĂŶƐ͘ DƐ͘ĂŬĞƌƉƌŽǀŝĚĞĚĂĐŽŵŵĞŶƚǁŝƚŚĂďƌŽĂĚĞƌƉƌŽƐƉĞĐƚŝǀĞŽĨƚŽƚĂůĐŽƐƚŽĨůŝǀŝŶŐĂŶĚƚŚĞĐŚĂůůĞŶŐĞŽĨĂ ƐƚƵĚǇǁŝƚŚĐŽŵŵƵŶŝƚǇĞŶŐĂŐĞŵĞŶƚƐƉĂŶŶŝŶŐŽǀĞƌƚŚƌĞĞǇĞĂƌƐ͖ĞĂƌůǇĚĞƚĂŝůƐŵĂǇďĞĨŽƌŐŽƚƚĞŶŽǀĞƌƚŚĂƚ ƚŝŵĞ͘ĂƌůǇŝŶƚŚĞƉůĂŶŶŝŶŐƉƌŽĐĞƐƐ͕ĂƐĐĞŶĂƌŝŽƉůĂŶŶŝŶŐĞĨĨŽƌƚǁĂƐĐŽŶĚƵĐƚĞĚ͖ĂƚƌĞŶĚƐŐƌŽǁƚŚƉĂƚƚĞƌŶ ĂŶĚĂŵŽƌĞĐŽŵƉĂĐƚŐƌŽǁƚŚƉĂƚƚĞƌŶǁĞƌĞĂĚĚƌĞƐƐĞĚ͘tŚŝůĞƚŚĞƉůĂŶǁŝůůŶŽƚďĞĂďůĞƚŽĞůŝŵŝŶĂƚĞĐŽƐƚ͕ ƚŚĞƐĐĞŶĂƌŝŽƐƐŚŽǁĞĚƚŚĂƚĂŵŽƌĞĐŽŵƉĂĐƚŐƌŽǁƚŚƉĂƚƚĞƌŶǁŝůůĐŽƐƚůĞƐƐƚŚĂŶĐŽŶƚŝŶƵŝŶŐƚŚĞŐƌŽǁƚŚ ƉĂƚƚĞƌŶƐǁĞ͛ǀĞĞǆƉĞƌŝĞŶĐĞĚƵƉƚŽŶŽǁ͘ Dƌ͘ĂƐƚƌŽƐƵŐŐĞƐƚĞĚƚŚĞĐŚĂŶŐĞƵŶĚĞƌƐĞĐƚŝŽŶ'ŽĂůƐĂŶĚWŽůŝĐŝĞƐϮ͘ϭǁŚĞƌĞŝƚƐƚĂƚĞƐ͞ŶƐƵƌĞĂůůƉĞŽƉůĞ ŚĂǀĞĂĨĂŝƌĂŶĚĞƋƵĂůĂĐĐĞƐƐ͟ĐŚĂŶŐĞƚŚĞǁŽƌĚ͞ĞƋƵĂů͟ƚŽ͞ĞƋƵŝƚĂďůĞ͖͟ďǇĐŚĂŶŐŝŶŐƚŚĞǀĞƌďĂŐĞŝƚŵĂǇ ŽƉĞŶƵƉƚŚĞŝĚĞĂŽĨĚŽǁĞŝŶǀĞƐƚŵŽƌĞƚŚĂŶůĂŶĚƚƌƵƐƚƌĂƚŚĞƌƚŚĂŶƚŚĞƉĞŽƉůĞ͖ĞƋƵŝƚĂďůĞŝŵƉůŝĞƐŽƉĞŶŝŶŐ ƵƉƚŚĞŝĚĞĂŽĨŚĞůƉŝŶŐŽƵƚĞǀĞƌǇŽŶĞ͕ŚĞůƉŝŶŐƉĞŽƉůĞǁŝƚŚĚŝƐĂďŝůŝƚŝĞƐ͕ŽƉĞŶŝŶŐƵƉŵŽƌĞŚŽƵƐŝŶŐŽƉƚŝŽŶƐ͖ _3DJH 3DFNHW3J *G ŝƚǇWůĂŶŶŝŶŐĂŶĚŽŶŝŶŐŽŵŵŝƐƐŝŽŶDŝŶƵƚĞƐ,ĞĂƌŝŶŐĂƚĞ͗EŽǀĞŵďĞƌϮϵ͕ϮϬϭϴ 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