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ǆƚĞƌŝŽƌƐŝĚĞǁĂůŬůŝŐŚƚŝŶďŽůůĂƌĚƐ;ϮϳϳϭϬĨŝǆƚƵƌĞƐĂŶĚůĂŵƉƐ ǀŽůƚ͕&>Ϳ ǆƚĞƌŝŽƌƐŝĚĞǁĂůŬůŝŐŚƚƐŝŶƐƚĂŝƌǁĂǇ;ϮϳϳϮĨŝǆƚƵƌĞƐĂŶĚůĂŵƉƐ ǀŽůƚ͕&>Ϳ ^ĞĞĂƉƉĞŶĚŝĐĞƐĨŽƌŽƌŝŐŝŶĂůďƵŝůĚŝŶŐůŝŐŚƚŝŶŐĚƌĂǁŝŶŐƐ͕ŽƌŝŐŝŶĂůĞůĞĐƚƌŝĐĂůƐĐŚĞĚƵůĞĂŶĚ ƐƉƌĞĂĚƐŚĞĞƚǁŝƚŚĐŽƵŶƚƐŽĨĨŝǆƚƵƌĞƐĂŶĚůĂŵƉƐ͘ Ϯ^Z/Wd/KEK&tKZ< Ϯ͘ϭWƌŽũĞĐƚ^ĐŚĞĚƵůĞ hƉŽŶĂǁĂƌĚĂŶĚĂĨƚĞƌƌĞĐĞŝƉƚŽĨĂƉƉůŝĐĂďůĞƉƌŽŽĨŽĨŝŶƐƵƌĂŶĐĞĂŶĚůŝĐĞŶƐŝŶŐ͕ƚŚĞŝƚǇŽĨZŽĐŚĞƐƚĞƌ ƐŚĂůůƐŝŐŶƚŚĞƐƵĐĐĞƐƐĨƵůďŝĚĚĞƌ͛ƐƉƌŽƉŽƐĂů͕ǁŚŝĐŚǁŝůůƐĞƌǀĞĂƐƚŚĞEŽƚŝĐĞƚŽWƌŽĐĞĞĚ;EdWͿ͘ůůǁŽƌŬ ƐŚĂůůďĞĐŽŵƉůĞƚĞĚǁŝƚŚŝŶϲϬĐĂůĞŶĚĂƌĚĂǇƐĨƌŽŵƚŚĞEdW͘ Ϯ͘Ϯ/ŶƐƵƌĂŶĐĞ hƉŽŶĂǁĂƌĚ͕sĞŶĚŽƌƐŚĂůůƐƵďŵŝƚƉƌŽŽĨŽĨŝŶƐƵƌĂŶĐĞŝŶƚŚĞĂŵŽƵŶƚƐĚĞƐĐƌŝďĞĚďĞůŽǁ͗ ϭͿŽŵŵĞƌĐŝĂů'ĞŶĞƌĂů>ŝĂďŝůŝƚǇ/ŶƐƵƌĂŶĐĞ͘ sĞŶĚŽƌƐŚĂůůďĞƌĞƋƵŝƌĞĚƚŽŵĂŝŶƚĂŝŶŝŶƐƵƌĂŶĐĞ ƉƌŽƚĞĐƚŝŶŐsĞŶĚŽƌĨƌŽŵĐůĂŝŵƐĨŽƌĚĂŵĂŐĞƐĨŽƌďŽĚŝůǇŝŶũƵƌǇ͕ŝŶĐůƵĚŝŶŐƐŝĐŬŶĞƐƐŽƌĚŝƐĞĂƐĞ͕ĚĞĂƚŚ ĂŶĚĨŽƌĐĂƌĞĂŶĚůŽƐƐŽĨƐĞƌǀŝĐĞƐĂƐǁĞůůĂƐĨƌŽŵĐůĂŝŵƐĨŽƌƉƌŽƉĞƌƚǇĚĂŵĂŐĞ͕ŝŶĐůƵĚŝŶŐůŽƐƐŽĨ ƵƐĞǁŚŝĐŚŵĂǇĂƌŝƐĞĨƌŽŵŽƉĞƌĂƚŝŽŶƐƵŶĚĞƌƚŚĞĐŽŶƚƌĂĐƚǁŚĞƚŚĞƌƚŚĞŽƉĞƌĂƚŝŽŶƐĂƌĞďǇƚŚĞ sĞŶĚŽƌŽƌƐƵďĐŽŶƚƌĂĐƚŽƌŽƌďǇĂŶǇŽŶĞĚŝƌĞĐƚůǇŽƌŝŶĚŝƌĞĐƚůǇĞŵƉůŽǇĞĚďǇƚŚĞsĞŶĚŽƌƉƵƌƐƵĂŶƚƚŽ ƚŚĞĐŽŶƚƌĂĐƚ͘ DŝŶŝŵƵŵŝŶƐƵƌĂŶĐĞůŝŵŝƚƐĂƌĞĂƐĨŽůůŽǁƐ͗ x ΨϮ͕ϬϬϬ͕ϬϬϬʹƉĞƌŽĐĐƵƌƌĞŶĐĞ x ΨϮ͕ϬϬϬ͕ϬϬϬʹĂŶŶƵĂůĂŐŐƌĞŐĂƚĞ x ΨϮ͕ϬϬϬ͕ϬϬϬʹĂŶŶƵĂůĂŐŐƌĞŐĂƚĞʹWƌŽĚƵĐƚƐͬŽŵƉůĞƚĞĚKƉĞƌĂƚŝŽŶƐ dŚĞĨŽůůŽǁŝŶŐĐŽǀĞƌĂŐĞƐŵƵƐƚďĞŝŶĐůƵĚĞĚ͗ x WƌĞŵŝƐĞƐĂŶĚKƉĞƌĂƚŝŽŶƐŽĚŝůǇ/ŶũƵƌǇĂŶĚWƌŽƉĞƌƚǇĂŵĂŐĞ x WĞƌƐŽŶĂůĂŶĚĚǀĞƌƚŝƐŝŶŐ/ŶũƵƌǇ x ůĂŶŬĞƚŽŶƚƌĂĐƚƵĂů>ŝĂďŝůŝƚǇ x WƌŽĚƵĐƚƐĂŶĚŽŵƉůĞƚĞĚKƉĞƌĂƚŝŽŶƐ>ŝĂďŝůŝƚǇ x ŝƚǇŽĨZŽĐŚĞƐƚĞƌ͕DEŶĂŵĞĚĂƐĂŶĚĚŝƚŝŽŶĂů/ŶƐƵƌĞĚ͕ƚŽƚŚĞĞǆƚĞŶƚƉĞƌŵŝƚƚĞĚďǇůĂǁ ϮͿŽŵŵĞƌĐŝĂůƵƚŽ>ŝĂďŝůŝƚǇ/ŶƐƵƌĂŶĐĞ͘ sĞŶĚŽƌƐŚĂůůŵĂŝŶƚĂŝŶŝŶƐƵƌĂŶĐĞƉƌŽƚĞĐƚŝŶŐsĞŶĚŽƌĨƌŽŵ ĐůĂŝŵƐĨŽƌĚĂŵĂŐĞƐĨŽƌďŽĚŝůǇŝŶũƵƌǇĂƐǁĞůůĂƐĨƌŽŵĐůĂŝŵƐĨŽƌƉƌŽƉĞƌƚǇĚĂŵĂŐĞƌĞƐƵůƚŝŶŐĨƌŽŵ ƚŚĞŽǁŶĞƌƐŚŝƉ͕ŽƉĞƌĂƚŝŽŶ͕ŵĂŝŶƚĞŶĂŶĐĞŽƌƵƐĞŽĨĂůůŽǁŶĞĚ͕ŚŝƌĞĚ͕ĂŶĚŶŽŶͲŽǁŶĞĚĂƵƚŽƐǁŚŝĐŚ ŵĂǇĂƌŝƐĞĨƌŽŵŽƉĞƌĂƚŝŽŶƐƵŶĚĞƌƚŚĞĐŽŶƚƌĂĐƚ͕ĂŶĚŝŶĐĂƐĞĂŶǇǁŽƌŬŝƐƐƵďĐŽŶƚƌĂĐƚĞĚƚŚĞsĞŶĚŽƌ ŵƵƐƚƌĞƋƵŝƌĞƚŚĞƐƵďĐŽŶƚƌĂĐƚŽƌƚŽƉƌŽǀŝĚĞŽŵŵĞƌĐŝĂůƵƚŽŵŽďŝůĞ>ŝĂďŝůŝƚǇŝŶƐƵƌĂŶĐĞŵĞĞƚŝŶŐ ƚŚĞƐĞƌĞƋƵŝƌĞŵĞŶƚƐ͘ ϯ 3DFNHW3J (E ZĞƋƵĞƐƚĨŽƌWƌŽƉŽƐĂůƐ ŝƚǇ,Ăůů>ŝŐŚƚŝŶŐZĞƉůĂĐĞŵĞŶƚ /ŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵůŝŵŝƚƐĂƌĞĂƐĨŽůůŽǁƐ͗ x ΨϮ͕ϬϬϬ͕ϬϬϬʹƉĞƌŽĐĐƵƌƌĞŶĐĞŽŵďŝŶĞĚ^ŝŶŐůĞ>ŝŵŝƚĨŽƌŽĚŝůǇ/ŶũƵƌǇĂŶĚWƌŽƉĞƌƚǇĂŵĂŐĞ x /ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĨŽůůŽǁŝŶŐĐŽǀĞƌĂŐĞƐŵƵƐƚďĞŝŶĐůƵĚĞĚ͗ KǁŶĞĚ͕,ŝƌĞĚĂŶĚEŽŶͲŽǁŶĞĚƵƚŽŵŽďŝůĞƐ R ϯͿtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶĂŶĚŵƉůŽǇĞƌ͛Ɛ>ŝĂďŝůŝƚǇ/ŶƐƵƌĂŶĐĞ͘ sĞŶĚŽƌƐŚĂůůŵĂŝŶƚĂŝŶtŽƌŬĞƌƐ͛ ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞĨŽƌĂůůŝƚƐĞŵƉůŽǇĞĞƐĂŶĚ͕ŝŶĐĂƐĞĂŶǇǁŽƌŬŝƐƐƵďĐŽŶƚƌĂĐƚĞĚ͕ǁŝůů ƌĞƋƵŝƌĞŝƚƐƐƵďĐŽŶƚƌĂĐƚŽƌ;ƐͿƚŽƉƌŽǀŝĚĞtŽƌŬĞƌƐŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞŝƐĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞ ƐƚĂƚƵƚŽƌǇƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂ͕ŝŶĐůƵĚŝŶŐŽǀĞƌĂŐĞ͕ŵƉůŽǇĞƌ͛Ɛ>ŝĂďŝůŝƚǇ͘ /ŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵůŝŵŝƚƐĂƌĞĂƐĨŽůůŽǁƐ͗ x ΨϭϬϬ͕ϬϬϬʹŽĚŝůǇ/ŶũƵƌǇďǇŝƐĞĂƐĞƉĞƌĞŵƉůŽǇĞĞ x ΨϱϬϬ͕ϬϬϬʹŽĚŝůǇ/ŶũƵƌǇďǇŝƐĞĂƐĞĂŐŐƌĞŐĂƚĞ x ΨϭϬϬ͕ϬϬϬʹŽĚŝůǇ/ŶũƵƌǇďǇĐĐŝĚĞŶƚ Ϯ͘ϯWƌŽũĞĐƚZĞƋƵŝƌĞŵĞŶƚƐ Ϯ͘ϯ͘ϭ/ŶŝƚŝĂůWƌŽũĞĐƚ^ƚĞƉƐ x dŚĞsĞŶĚŽƌǁŝůůŚŽůĚĂŶŝŶŝƚŝĂůŵĞĞƚŝŶŐǁŝƚŚƚŚĞŝƚǇƚĞĂŵƚŽƌĞĐŽŶĨŝƌŵƉƌŽũĞĐƚŐŽĂůƐ͕ƐĞƚĂ ƉƌĞůŝŵŝŶĂƌǇŵĂƐƚĞƌƐĐŚĞĚƵůĞĨŽƌĂůůǁŽƌŬ͕ĂŶĚĂĚĚƌĞƐƐĂŶǇƋƵĞƐƚŝŽŶƐŽƌŝƐƐƵĞƐĨƌŽŵĞŝƚŚĞƌ ƚŚĞsĞŶĚŽƌƚĞĂŵŽƌƚŚĞŝƚǇƚĞĂŵ͘ x dŚĞsĞŶĚŽƌǁŝůůƌĞǀŝĞǁŝƚǇ,ĂůůůŝŐŚƚŝŶŐƐǇƐƚĞŵĚŽĐƵŵĞŶƚĂƚŝŽŶǁŝƚŚƚŚĞŝƚǇƚĞĂŵ͕ǁĂůŬ ƚŚƌŽƵŐŚƚŚĞĨĂĐŝůŝƚǇĂŶĚĐŽŶĨŝƌŵƚŚĞĐŽƵŶƚƐŽĨůĂŵƉƐĂŶĚĨŝǆƚƵƌĞƐ͘WƌŽƉŽƐĂůƉƌŝĐŝŶŐŵĂǇďĞ ĂĚũƵƐƚĞĚĂƚƚŚŝƐƚŝŵĞƚŽŵĂƚĐŚĨŝĞůĚǀĞƌŝĨŝĞĚĐŽƵŶƚƐ͘ Ϯ͘ϯ͘ϮKŶŐŽŝŶŐWƌŽũĞĐƚDĞĞƚŝŶŐƐĂŶĚŽĐƵŵĞŶƚĂƚŝŽŶ x tŚĞŶƚŚĞůŝŐŚƚŝŶŐƌĞƚƌŽĨŝƚǁŽƌŬĐŽŵŵĞŶĐĞƐƚŚĞsĞŶĚŽƌǁŝůůŚŽůĚǁĞĞŬůǇƐƚĂƚƵƐŵĞĞƚŝŶŐƐ ǁŝƚŚƚŚĞŝƚǇƚĞĂŵƚŽƉƌŽǀŝĚĞĂƐƚĂƚƵƐŽĨǁŽƌŬƚŽĚĂƚĞǀĞƌƐƵƐƚŚĞŝŶŝƚŝĂůƉƌŽũĞĐƚƐĐŚĞĚƵůĞĂŶĚ ĚŝƐĐƵƐƐĂŶǇƐƉĞĐŝĨŝĐƋƵĞƐƚŝŽŶƐŽƌĐŽŶĐĞƌŶƐǁŚŝĐŚŚĂǀĞĂƌŝƐĞŶƐŝŶĐĞƚŚĞůĂƐƚŵĞĞƚŝŶŐ͘/Ĩ ƋƵĞƐƚŝŽŶƐŽƌĐŽŶĐĞƌŶƐĐĂŶŶŽƚďĞŝŵŵĞĚŝĂƚĞůǇĂĚĚƌĞƐƐĞĚŝŶƚŚĞǁĞĞŬůǇŵĞĞƚŝŶŐ͕ƚŚĞŶƚŚĞ sĞŶĚŽƌƚĞĂŵǁŝůůĐƌĞĂƚĞĂůŝƐƚŽĨŽƉĞŶƋƵĞƐƚŝŽŶƐĂŶĚͬŽƌĐŽŶĐĞƌŶƐĨŽƌƌĞǀŝĞǁĂƚƐƵďƐĞƋƵĞŶƚ ŵĞĞƚŝŶŐƐ͘dŚĞƐĞǁĞĞŬůǇŵĞĞƚŝŶŐƐŵĂǇďĞŚĞůĚŝŶƉĞƌƐŽŶŽƌǀŝĂƚĞůĞĐŽŶĨĞƌĞŶĐĞ͘ x ƵƌŝŶŐƚŚĞƉƌŽũĞĐƚŵĞĞƚŝŶŐƐƚŚĞsĞŶĚŽƌǁŝůůŝŶĨŽƌŵƚŚĞŝƚǇŽĨƚŚĞǁŽƌŬĂƌĞĂƐǁŚŝĐŚǁŝůůďĞ ĂĐĐĞƐƐĞĚŝŶĐŽŵŝŶŐĚĂǇƐ͘ x ƵƌŝŶŐƚŚĞƉƌŽũĞĐƚƚŚĞsĞŶĚŽƌǁŝůůŵĂŬĞƚŚĞŝƚǇƚĞĂŵĂǁĂƌĞŽĨĂŶǇĂĚĚŝƚŝŽŶĂůŽƉƉŽƌƚƵŶŝƚŝĞƐ ĨŽƌůŝŐŚƚŝŶŐĞŶĞƌŐǇƐĂǀŝŶŐƐƚŚĂƚĂƌĞĚŝƐĐŽǀĞƌĞĚĚƵƌŝŶŐƚŚĞƉƌŽũĞĐƚǁŽƌŬ͘ x ƚƚŚĞĐŽŵƉůĞƚŝŽŶŽĨƚŚĞƉƌŽũĞĐƚƚŚĞsĞŶĚŽƌƚĞĂŵǁŝůůŚŽůĚĂĐůŽƐĞŽƵƚŵĞĞƚŝŶŐǁŝƚŚƚŚĞŝƚǇ ƚĞĂŵƚŽĞŶƐƵƌĞĂůůŝƐƐƵĞƐĂŶĚĐŽŶĐĞƌŶƐĂƌĞĂĚĚƌĞƐƐĞĚ͘ Ϯ͘ϯ͘ϯEŽƚŝĨŝĐĂƚŝŽŶŽĨWƌŽďůĞŵƐ sĞŶĚŽƌƐŚĂůůŝŵŵĞĚŝĂƚĞůǇŶŽƚŝĨǇƚŚĞŝƚǇŽĨĂŶǇĂŶĚĂůůŝƐƐƵĞƐƚŚĂƚŵĂǇƌĞƐƵůƚŝŶĂĚĞůĂǇŽĨƚŚĞ ƉƌŽũĞĐƚĂŶĚͬŽƌŝŵƉĂĐƚƚŚĞƋƵĂůŝƚǇŽĨƚŚĞǁŽƌŬ͘ 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dŚĞŝƚǇƐŚĂůůƉĞƌĨŽƌŵĨŝŶĂůŝŶƐƉĞĐƚŝŽŶǁŝƚŚŝŶϯϬĐĂůĞŶĚĂƌĚĂǇƐŽĨƌĞƋƵĞƐƚďǇŽŶƚƌĂĐƚŽƌ͘ Ϯ͘ϯ͘ϳtĂƌƌĂŶƚǇ ƚĐŽŵƉůĞƚŝŽŶŽĨŝŶƐƚĂůůĂƚŝŽŶĂŶĚƉƌŝŽƌƚŽĨŝŶĂůŝŶƐƉĞĐƚŝŽŶ͕ĂůůǁĂƌƌĂŶƚŝĞƐƐŚĂůůďĞŝƐƐƵĞĚŝŶ ĂĐĐŽƌĚĂŶĐĞǁŝƚŚŝŶĚƵƐƚƌǇƉƌĂĐƚŝĐĞ͘ Ϯ͘ϰZŽĐŚĞƐƚĞƌWƵďůŝĐhƚŝůŝƚǇ;ZWhͿZĞďĂƚĞ sĞŶĚŽƌƐŚĂůůƉƌĞƉĂƌĞĂŶĚƐƵďŵŝƚĂůůĂƉƉůŝĐĂďůĞƌĞďĂƚĞĨŽƌŵƐƚŽZWhŽŶďĞŚĂůĨŽĨƚŚĞŝƚǇ͘ZĞďĂƚĞƐ ƐŚĂůůďĞƉĂǇĂďůĞƚŽƚŚĞŝƚǇŽĨZŽĐŚĞƐƚĞƌ͘ŶĞƐƚŝŵĂƚĞĚƌĞďĂƚĞĂŵŽƵŶƚƐŚĂůůďĞƐŚŽǁŶŽŶsĞŶĚŽƌ͛Ɛ ƐƵďŵŝƚƚĞĚƉƌŽƉŽƐĂů͘ ϯ/E^dZhd/KE^dKWW>/Ed^ ϯ͘ϭWƌŽƉŽƐĂůƐ dŚĞƉƌŽƉŽƐĂůŵƵƐƚďĞƐŝŐŶĞĚďǇĂŶŽĨĨŝĐĞƌŽĨǇŽƵƌĨŝƌŵǁŝƚŚƚŚĞĂƵƚŚŽƌŝƚǇƚŽĐŽŵŵŝƚƚŚĞĨŝƌŵ͘ůů ƉƌŽƉŽƐĂůƐƐŚĂůůŝŶĐůƵĚĞƚŚĞĨŽůůŽǁŝŶŐŝŶĨŽƌŵĂƚŝŽŶ͗ x ůŝƐƚŽĨŬĞǇŝŶĚŝǀŝĚƵĂůƐǁŚŽǁŝůůďĞŝŵƉůĞŵĞŶƚŝŶŐƚŚŝƐƉƌŽũĞĐƚĂŶĚƚŚĞŝƌƋƵĂůŝĨŝĐĂƚŝŽŶƐĂŶĚ ĞǆƉĞƌŝĞŶĐĞ͘ x ĚĞƐĐƌŝƉƚŝŽŶŽĨƚŚĞsĞŶĚŽƌ͛ƐƉƌŽũĞĐƚĞǆƉĞƌŝĞŶĐĞƉůƵƐƌĞĨĞƌĞŶĐĞƐĨŽƌƚŚƌĞĞƐŝŵŝůĂƌƉƌŽũĞĐƚƐŝŶ ƚŚĞůĂƐƚĨŝǀĞǇĞĂƌƐ͘/ŶĐůƵĚĞĂĚĞƐĐƌŝƉƚŝŽŶŽĨƚŚĞƉƌŽũĞĐƚĂŶĚƉƌŽũĞĐƚƐŝǌĞĨŽƌĞĂĐŚ͘ x ĨŝǆĞĚĨĞĞƉƌŽƉŽƐĂůĨŽƌƚŚĞƉƌŽũĞĐƚƐĐŽƉĞǁŝƚŚƚŚĞĨŽůůŽǁŝŶŐďƌĞĂŬĚŽǁŶŽĨĐŽƐƚƐ͘dŚĞƚŽƚĂů ŽĨƚŚĞĨŽůůŽǁŝŶŐϮϴŝƚĞŵƐ;ĨŽƵƌƐĞĐƚŝŽŶƐĞĂĐŚǁŝƚŚƐĞǀĞŶĐŽƐƚƐͿŵƵƐƚƐƵŵƚŽƚŚĞƚŽƚĂůŽĨƚŚĞ ĨŝǆĞĚĨĞĞƉƌŽƉŽƐĂů͘ 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ZEDE^ZZ͕W/EηϱϵZEDE^ZZ͕W/EηϳϭZEDE^ZZ͕W/EηϳϮ ,/Z^dKZ'͕W/Eηϲϰ WZ/sdK&&/͕W/Eηϳϱ Z<ZKKD͕W/Eηϳϯ ,>>tz͕W/Eηϲϲ ZEͲ^dKZ'ZEͲ^dKZ' </d,E͕W/Eηϳϲ ZEͲ>K^d :2& ZĞĨ͘ ϭϬϰϭϬϲϭϬϳϭϬϴϭϭϬϭϭϰϭϭϲϭϭϳϭϭϴϭϮϬϭϮϰϭϮϲ >ŝŶĞϭϬϭϭϬϮϭϬϯϭϬϱϭϬϵϭϭϭϭϭϮϭϭϯϭϭϱϭϭϵϭϮϭϭϮϮϭϮϯϭϮϱ (E 3DFNHW3JƵŵĞŶ͕ϰĨƚĞdĞĐŚ>dƵďĞ͕ϰϬϬϬ<͕>>ŝƐƚĞĚ͕ϭϮϬͬϮϳϳs͕ϭϬͲzĞĂƌZdZK͕>dh͕Ϯyϭϱt͕ϭ͕ϵϵϴ>ƵŵĞŶ͕ϰĨƚĞdĞĐŚ>dƵďĞ͕ϰϬϬϬ<͕>>ŝƐƚĞĚ͕ϭϮϬͬϮϳϳs͕ϭϬͲzĞĂƌZdZK͕>dh͕Ϯyϭϱt͕ϭ͕ϵϵϴ >ƵŵĞŶ͕ϰĨƚĞdĞĐŚ>dƵďĞ͕ϰϬϬϬ<͕>>ŝƐƚĞĚ͕ϭϮϬͬϮϳϳs͕ϭϬͲzĞĂƌZdZK͕>dh͕Ϯyϭϱt͕ϭ͕ϵϵϴ>ƵŵĞŶ͕ϰĨƚĞdĞĐŚ>dƵďĞ͕ϰϬϬϬ<͕>>ŝƐƚĞĚ͕ϭϮϬͬϮϳϳs͕ϭϬͲzĞĂƌZdZK͕>dh͕Ϯyϭϱt͕ϭ͕ϵϵϴ>ƵŵĞŶ͕ϰ ĨƚĞdĞĐŚ>dƵďĞ͕ϰϬϬϬ<͕>>ŝƐƚĞĚ͕ϭϮϬͬϮϳϳs͕ϭϬͲzĞĂƌ EK^^͕ZŽŽŵǁĂƐŶŽƚĂĐĐĞƐƐŝďůĞĂŶĚƚŚĞƌĞĨŽƌĞŶŽƚŝŶĐůƵĚĞĚŝŶƉƌŽũĞĐƚƐĐŽƉĞEK^^͕ZŽŽŵǁĂƐŶŽƚĂĐĐĞƐƐŝďůĞĂŶĚƚŚĞƌĞĨŽƌĞŶŽƚŝŶĐůƵĚĞĚŝŶƉƌŽũĞĐƚƐĐŽƉĞ ZĞƚƌŽĨŝƚĞƐĐƌŝƉƚŝŽŶ &ŝŶŝƐŚ͕ϭϬϬ͕ϬϬϬнŚŽƵƌůŝĨĞĞǆƉĞĐƚĂŶĐǇ͕ϭϬzĞĂƌtĂƌƌĂŶƚǇ &ĂĐƚŽƌǇ/ŶƐƚĂůůĞĚWŚŽƚŽĞůů͕ϭϬͲzĞĂƌtĂƌƌĂŶƚǇ&ĂĐƚŽƌǇ/ŶƐƚĂůůĞĚWŚŽƚŽĞůů͕ϭϬͲzĞĂƌtĂƌƌĂŶƚǇ ϱϬ͕ϬϬϬ,ŽƵƌ^ƵƉĞƌ>ŽŶŐ>ŝĨĞ͕ϭϬzĞĂƌtĂƌƌĂŶƚǇϱϬ͕ϬϬϬ,ŽƵƌ^ƵƉĞƌ>ŽŶŐ>ŝĨĞ͕ϭϬzĞĂƌtĂƌƌĂŶƚǇϱϬ͕ϬϬϬ,ŽƵƌ^ƵƉĞƌ>ŽŶŐ>ŝĨĞ͕ϭϬzĞĂƌtĂƌƌĂŶƚǇ ^</W͕EŽƚ/ŶĐůƵĚĞĚŝŶƉƌŽũĞĐƚ^</W͕EŽƚ/ŶĐůƵĚĞĚŝŶƉƌŽũĞĐƚ^</W͕EŽƚ/ŶĐůƵĚĞĚŝŶƉƌŽũĞĐƚ^</W͕EŽƚ/ŶĐůƵĚĞĚŝŶƉƌŽũĞĐƚ >ŝƐƚĞĚ͕ϭϬͲzĞĂƌtĂƌƌĂŶƚǇ>ŝƐƚĞĚ͕ϭϬͲzĞĂƌtĂƌƌĂŶƚǇ zĞĂƌtĂƌƌĂŶƚǇzĞĂƌtĂƌƌĂŶƚǇzĞĂƌtĂƌƌĂŶƚǇzĞĂƌtĂƌƌĂŶƚǇzĞĂƌtĂƌƌĂŶƚǇzĞĂƌtĂƌƌĂŶƚǇ tĂƌƌĂŶƚǇtĂƌƌĂŶƚǇtĂƌƌĂŶƚǇtĂƌƌĂŶƚǇtĂƌƌĂŶƚǇtĂƌƌĂŶƚǇ /ŶĚƵƐƚƌŝĂů,ŽŽĚĞĚ&ŝǆƚƵƌĞ͕ϭΖǆϰΖ͕Ϯǆ&ϯϮdϴ͕ůĞĐƚƌŽŶŝĐEŽƌŵĂůWŽǁĞƌ/ŶĚƵƐƚƌŝĂů,ŽŽĚĞĚ&ŝǆƚƵƌĞ͕ϭΖǆϰΖ͕Ϯǆ&ϯϮdϴ͕ůĞĐƚƌŽŶŝĐEŽƌŵĂůWŽǁĞƌ EK^^͕ZŽŽŵǁĂƐŶŽƚĂĐĐĞƐƐŝďůĞĂŶĚƚŚĞƌĞĨŽƌĞŶŽƚŝŶĐůƵĚĞĚŝŶEK^^͕ZŽŽŵǁĂƐŶŽƚĂĐĐĞƐƐŝďůĞĂŶĚƚŚĞƌĞĨŽƌĞŶŽƚŝŶĐůƵĚĞĚŝŶ KƵƚĚŽŽƌ͕^ŝŐŶ&ŝǆƚƵƌĞ͕&ůƵŽƌĞƐĐĞŶƚ͕ϲǆ&ϲϰdϭϮ,K͕DĂŐŶĞƚŝĐĂůůĂƐƚ͕KƵƚĚŽŽƌ͕^ŝŐŶ&ŝǆƚƵƌĞ͕&ůƵŽƌĞƐĐĞŶƚ͕ϰǆ&ϳϮdϭϮ,K͕DĂŐŶĞƚŝĐĂůůĂƐƚ͕KƵƚĚŽŽƌ͕^ŝŐŶ&ŝǆƚƵƌĞ͕&ůƵŽƌĞƐĐĞŶƚ͕ϲǆ&ϲϰdϭϮ,K͕DĂŐŶĞƚŝĐĂůůĂƐƚ ͕KƵƚĚŽŽƌ͕^ŝŐŶ&ŝǆƚƵƌĞ͕&ůƵŽƌĞƐĐĞŶƚ͕ϰǆ&ϳϮdϭϮ,K͕DĂŐŶĞƚŝĐĂůůĂƐƚ͕ KƵƚĚŽŽƌ͕ZĞĐĞƐƐĞĚĂŶ͕ϴΗEŽŵŝŶĂůKƉĞŶŝŶŐ͕DĞƚĂů,ĂůŝĚĞ͕ϭϳϱǁ͕KƵƚĚŽŽƌ͕ZĞĐĞƐƐĞĚĂŶ͕ϴΗEŽŵŝŶĂůKƉĞŶŝŶŐ͕DĞƚĂů,ĂůŝĚĞ͕ϭϳϱǁ͕ KƵƚĚŽŽƌ͕'ůŽďĞ&ŝǆƚƵƌĞ͕WŽůĞDŽƵŶƚĞĚ͕DĞƚĂů,ĂůŝĚĞ͕WƵůƐĞ^ƚĂƌƚKƵƚĚŽŽƌ͕'ůŽďĞ&ŝǆƚƵƌĞ͕tĂůůDŽƵŶƚĞĚ͕DĞƚĂů,ĂůŝĚĞ͕WƵůƐĞ^ƚĂƌƚKƵƚĚŽŽƌ͕'ůŽďĞ&ŝǆƚƵƌĞ͕WŽůĞDŽƵŶƚĞĚ͕DĞƚĂů,ĂůŝĚĞ͕WƵůƐĞ^ƚĂƌƚ KƵƚĚŽŽƌ͕^ƵƌĨĂĐĞĂŶŽƉǇ͕ϭϮΗǆϭϮΗ͕DĞƚĂů,ĂůŝĚĞ͕ϳϬǁ͕ϭϮϬͬϮϳϳǀ WƌŝƐŵĂƚŝĐ'ƌŝĚdƌŽĨĨĞƌ͕ϭΖǆϰΖ͕Ϯǆ&ϯϮdϴ͕ůĞĐƚƌŽŶŝĐEŽƌŵĂůWŽǁĞƌWƌŝƐŵĂƚŝĐ'ƌŝĚdƌŽĨĨĞƌ͕ϭΖǆϰΖ͕Ϯǆ&ϯϮdϴ͕ůĞĐƚƌŽŶŝĐEŽƌŵĂůWŽǁĞƌWƌŝƐŵĂƚŝĐ'ƌŝĚdƌŽĨĨĞƌ͕ϭΖǆϰΖ͕Ϯǆ&ϯϮdϴ͕ůĞĐƚƌŽŶŝĐEŽƌŵĂůWŽǁĞ ƌWƌŝƐŵĂƚŝĐ'ƌŝĚdƌŽĨĨĞƌ͕ϮΖǆϰΖ͕ϯǆ&ϯϮdϴ͕ůĞĐƚƌŽŶŝĐEŽƌŵĂůWŽǁĞƌ KƵƚĚŽŽƌ͕ŽďƌĂ,ĞĂĚ͕DĞƚĂů,ĂůŝĚĞ͕ϮϱϬǁ͕ϭϮϬͬϮϳϳǀ͕&ŝǆƚƵƌĞKƵƚĚŽŽƌ͕ŽďƌĂ,ĞĂĚ͕DĞƚĂů,ĂůŝĚĞ͕ϮϱϬǁ͕ϭϮϬͬϮϳϳǀ͕&ŝǆƚƵƌĞ :Ăƌ&ŝǆƚƵƌĞ͕tĂůůDŽƵŶƚĞĚ͕/ŶĐĂŶĚĞƐĐĞŶƚ͕ϲϬǁ͕ϭϮϬǀ KƵƚĚŽŽƌ͕tĂůůWĂĐŬ͕DĞƚĂů,ĂůŝĚĞ͕ϮϱϬǁ͕ϭϮϬͬϮϳϳǀKƵƚĚŽŽƌ͕tĂůůWĂĐŬ͕DĞƚĂů,ĂůŝĚĞ͕ϮϱϬǁ͕ϭϮϬͬϮϳϳǀKƵƚĚŽŽƌ͕tĂůůWĂĐŬ͕DĞƚĂů,ĂůŝĚĞ͕ϮϱϬǁ͕ϭϮϬͬϮϳϳǀKƵƚĚŽŽƌ͕tĂůůWĂĐŬ͕DĞƚĂů,ĂůŝĚĞ͕ϮϱϬǁ͕ϭϮϬͬϮϳϳǀ ǆŝƐƚŝŶŐ&ŝǆƚƵƌĞĞƐĐƌŝƉƚŝŽŶ KƵƚĚŽŽƌ͕tĂůůWĂĐŬ͕/ŶĐĂŶĚĞƐĐĞŶƚ͕ϲϬǁ͕ϭϮϬǀ LQJOLQHE\OLQH 0F.LQVWU\&R//& DĞƚĂů,ĂůŝĚĞ͕ϳϬǁ͕ϭϮϬͬϮϳϳǀDĞƚĂů,ĂůŝĚĞ͕ϳϬǁ͕ϭϮϬͬϮϳϳǀDĞƚĂů,ĂůŝĚĞ͕ϳϬǁ͕ϭϮϬͬϮϳϳǀ DŽƵŶƚĞĚWŚŽƚŽĞůůDŽƵŶƚĞĚWŚŽƚŽĞůů ĂůůĂƐƚ͕ϭϮϬͬϮϳϳǀĂůůĂƐƚ͕ϭϮϬͬϮϳϳǀĂůůĂƐƚ͕ϭϮϬͬϮϳϳǀĂůůĂƐƚ͕ϭϮϬͬϮϳϳǀĂůůĂƐƚ͕ϭϮϬͬϮϳϳǀĂůůĂƐƚ͕ϭϮϬͬϮϳϳǀ /LJKW ƉƌŽũĞĐƚƐĐŽƉĞƉƌŽũĞĐƚƐĐŽƉĞ ϭϮϬͬϮϳϳǀϭϮϬͬϮϳϳǀϭϮϬͬϮϳϳǀϭϮϬͬϮϳϳǀϭϮϬͬϮϳϳǀϭϮϬͬϮϳϳǀ ± ± YƚǇ ϰϬϬϳϲϰϲϰϳϳϳ ϭϱϭϭϭϮϱϮϭϮϯϵϵϭϭ &LW\RI5RFKHVWHU0D\R&LYLF&HQWHU $SSHQGL[ KƉͬ,ƌƐͬzƌ ϭϳϳϳϭϳϳϳϭϳϳϳϭϳϳϳϭϳϳϳϭϳϳϳϭϳϳϳϭϳϳϳϭϳϳϳϰϯϴϬϰϯϴϬϰϯϴϬϰϯϴϬϰϯϴϬϰϯϴϬϰϯϴϬϰϯϴϬϰϯϴϬϰϯϴϬϰϯϴϬϰϯϴϬϰϯϴϬϰϯϴϬϰϯϴϬϰϯϴϬϰϯϴϬ *(63:RUN2UGHU&RQWUDFW </d,E;Ϯ>K<ZKKD^Ϳ͕W/EηϴϮ ydZ/KZͲZ/s/E'Zt>>ϭydZ/KZͲZ/s/E'Zt>>Ϯ ydZ/KZͲKs^Zs/KKZ^ >ŽĐĂƚŝŽŶ </d,EKWEK&&/͕W/Eηϴϭ ydZ/KZͲd,dZEKWzydZ/KZͲ>KE'^/t>< ydZ/KZͲD/EEdZEydZ/KZͲD/EEdZEydZ/KZͲD/EEdZE ydZ/KZͲ^/EdZEydZ/KZͲ^/EdZE :E/dKZΖ^>K^d͕W/EηϴϬ :E/dKZ^>K^d͕W/Eηϴϱ </d,E&ZZ͕W/Eηϴϯ >/EE^dKZ'͕W/Eηϳϴ ydZ/KZͲ^Zs/>Kd KWEK&&/͕W/Eηϴϲ ydZ/KZͲKZEZ ydZ/KZͲ/EWZ< &/Z^d/͕W/Eηϴϰ ydZ/KZͲ^/'EϭydZ/KZͲ^/'EϭydZ/KZͲ^/'EϮydZ/KZͲ^/'EϮ WEdZz͕W/Eηϳϵ :2& ZĞĨ͘ ϭϮϳϭϮϴϭϯϬϭϯϰϭϯϲϭϯϳϭϯϴϭϰϬϭϰϰϭϰϲϭϰϳϭϰϴϭϱϬ >ŝŶĞϭϮϵϭϯϭϭϯϮϭϯϯϭϯϱϭϯϵϭϰϭϭϰϮϭϰϯϭϰϱϭϰϵϭϱϭϭϱϮ (E 3DFNHW3JdƵďĞ͕ϰϬϬϬ<͕>>ŝƐƚĞĚ͕ϭϮϬͬϮϳϳs͕ϭϬͲzĞĂƌZdZK͕>dh͕Ϯyϭϱt͕ϭ͕ϵϵϴ>ƵŵĞŶ͕ϰĨƚĞdĞĐŚ>dƵďĞ͕ϰϬϬϬ<͕>>ŝƐƚĞĚ͕ϭϮϬͬϮϳϳs͕ϭϬͲzĞĂƌZdZK͕>dh͕ϯyϭϱt͕ϭ͕ϵϵϴ>ƵŵĞŶ͕ϰĨƚĞdĞĐŚ >dƵďĞ͕ϰϬϬϬ<͕>>ŝƐƚĞĚ͕ϭϮϬͬϮϳϳs͕ϭϬͲzĞĂƌZdZK͕>dh͕ϯyϭϱt͕ϭ͕ϵϵϴ>ƵŵĞŶ͕ϰĨƚĞdĞĐŚ>dƵďĞ͕ϰϬϬϬ<͕>>ŝƐƚĞĚ͕ϭϮϬͬϮϳϳs͕ϭϬͲzĞĂƌZdZK͕>dh͕ϯyϭϱt͕ϭ͕ϵϵϴ>ƵŵĞŶ͕ϰĨƚĞdĞĐŚ>dƵďĞ͕ ϰϬϬϬ<͕>>ŝƐƚĞĚ͕ϭϮϬͬϮϳϳs͕ϭϬͲzĞĂƌZdZK͕>dh͕ϯyϭϱt͕ϭ͕ϵϵϴ>ƵŵĞŶ͕ϰĨƚĞdĞĐŚ>dƵďĞ͕ϰϬϬϬ<͕>>ŝƐƚĞĚ͕ϭϮϬͬϮϳϳs͕ϭϬͲzĞĂƌZdZK͕>dh͕ϯyϭϱt͕ϭ͕ϵϵϴ>ƵŵĞŶ͕ϰĨƚĞdĞĐŚ>dƵďĞ͕ϰϬϬϬ<͕ >>ŝƐƚĞĚ͕ϭϮϬͬϮϳϳs͕ϭϬͲzĞĂƌZdZK͕>dh͕ϯyϭϱt͕ϭ͕ϵϵϴ>ƵŵĞŶ͕ϰĨƚĞdĞĐŚ>dƵďĞ͕ϰϬϬϬ<͕>>ŝƐƚĞĚ͕ϭϮϬͬϮϳϳs͕ϭϬͲzĞĂƌZdZK͕>dh͕ϯyϭϱt͕ϭ͕ϵϵϴ>ƵŵĞŶ͕ϰĨƚĞdĞĐŚ>dƵďĞ͕ϰϬϬϬ<͕>>ŝƐƚĞĚ ͕ϭϮϬͬϮϳϳs͕ϭϬͲzĞĂƌZdZK͕>dh͕ϯyϭϱt͕ϭ͕ϵϵϴ>ƵŵĞŶ͕ϰĨƚĞdĞĐŚ>dƵďĞ͕ϰϬϬϬ<͕>>ŝƐƚĞĚ͕ϭϮϬͬϮϳϳs͕ϭϬͲzĞĂƌ (E 3DFNHW3JĂƌĂďŽůŝĐ'ƌŝĚdƌŽĨĨĞƌ͕ϮΖǆϰΖ͕ϯǆ&ϯϮdϴ͕ůĞĐƚƌŽŶŝĐEŽƌŵĂůWŽǁĞƌWĂƌĂďŽůŝĐ'ƌŝĚdƌŽĨĨĞƌ͕ϮΖǆϰΖ͕ϯǆ&ϯϮdϴ͕ůĞĐƚƌŽŶŝĐEŽƌŵĂůWŽǁĞƌWĂƌĂďŽůŝĐ'ƌŝĚdƌŽĨĨĞƌ͕ϮΖǆϰΖ͕ϯǆ&ϯϮdϴ͕ůĞĐƚƌŽŶŝĐE ŽƌŵĂůWŽǁĞƌWĂƌĂďŽůŝĐ'ƌŝĚdƌŽĨĨĞƌ͕ϮΖǆϰΖ͕ϯǆ&ϯϮdϴ͕ůĞĐƚƌŽŶŝĐEŽƌŵĂůWŽǁĞƌWĂƌĂďŽůŝĐ'ƌŝĚdƌŽĨĨĞƌ͕ϮΖǆϰΖ͕ϯǆ&ϯϮdϴ͕ůĞĐƚƌŽŶŝĐEŽƌŵĂůWŽǁĞƌWĂƌĂďŽůŝĐ'ƌŝĚdƌŽĨĨĞƌ͕ϮΖǆϰΖ͕ϯǆ&ϯϮdϴ͕ůĞĐƚƌŽŶŝĐ EŽƌŵĂůWŽǁĞƌWĂƌĂďŽůŝĐ'ƌŝĚdƌŽĨĨĞƌ͕ϮΖǆϰΖ͕ϯǆ&ϯϮdϴ͕ůĞĐƚƌŽŶŝĐEŽƌŵĂůWŽǁĞƌWĂƌĂďŽůŝĐ'ƌŝĚdƌŽĨĨĞƌ͕ϮΖǆϰΖ͕ϯǆ&ϯϮdϴ͕ůĞĐƚƌŽŶŝĐEŽƌŵĂůWŽǁĞƌWĂƌĂďŽůŝĐ'ƌŝĚdƌŽĨĨĞƌ͕ϮΖǆϰΖ͕ϯǆ&ϯϮdϴ͕ůĞĐƚƌŽŶ 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