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ƉƵďůŝĐŝŶƚĞƌĞƐƚĞĚĂƌĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŚĞĨŝŶĂůĚĞǀĞůŽƉŵĞŶƚƉůĂŶĂƐƐƵďŵŝƚƚĞĚ͘  ϲϮ͘ϳϬϳ^ƚĂŶĚĂƌĚƐĨŽƌƉƉƌŽǀĂůĨŽƌ&ŝŶĂůĞǀĞůŽƉŵĞŶƚWůĂŶ  ϲϮ͘ϳϬϲ ůůƚŚĞĐƌŝƚĞƌŝĂůŝƐƚĞĚŝŶŚĂƐďĞĞŶĂĚĚƌĞƐƐĞĚĂŶĚƉƌĂĐƚŝĐĂůƐŽůƵƚŝŽŶƐƐĂƚŝƐĨŝĞĚƚŚĂƚĂƌĞĐŽŶƐŝƐƚĞŶƚ ǁŝƚŚƚŚĞƉƵďůŝĐŝŶƚĞƌĞƐƚĞĚĐĂŶďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŚĞĨŝŶĂůĚĞǀĞůŽƉŵĞŶƚƉůĂŶĂƐƐƵďŵŝƚƚĞĚ͘  ϲϮ͘ϳϬϴ^ƵďĚ͘Ϯ&ŝŶĚŝŶŐƐĨŽƌWƌĞůŝŵŝŶĂƌLJĞǀĞůŽƉŵĞŶƚWůĂŶ͗  ^ƵďĚŝǀŝƐŝŽŶϭ͘dŚĞŽŵŵŝƐƐŝŽŶĂŶĚŽƵŶĐŝůƐŚĂůůĂƉƉƌŽǀĞĂƚLJƉĞ///ƌĞƐƚƌŝĐƚĞĚĚĞǀĞůŽƉŵĞŶƚƉůĂŶŝĨŝƚ ĚĞƚĞƌŵŝŶĞƐƚŚĞƉůĂŶƐĂƚŝƐĨŝĞƐĂůůŽĨƚŚĞWƌĞůŝŵŝŶĂƌLJĞǀĞůŽƉŵĞŶƚWůĂŶĨŝŶĚŝŶŐƐƉƌŽǀŝĚĞĚŝŶƐƵďĚŝǀŝƐŝŽŶϮ ĂŶĚĂůůŽĨƚŚĞ&ŝŶĂůĞǀĞůŽƉŵĞŶƚWůĂŶĨŝŶĚŝŶŐƐƉƌŽǀŝĚĞĚŝŶƐƵďĚŝǀŝƐŝŽŶϯ͘  ͘ĂƉĂĐŝƚLJŽĨWƵďůŝĐ&ĂĐŝůŝƚŝĞƐ͗ dŚĞĞdžŝƐƚŝŶŐŽƌĨƵƚƵƌĞƉůĂŶŶĞĚƵƚŝůŝƚŝĞƐŝŶƚŚĞĂƌĞĂĂƌĞĂĚĞƋƵĂƚĞƚŽ   ƐĞƌǀĞƚŚĞƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚ͘  dŚĞƌĞĂƌĞĞdžŝƐƚŝŶŐƵƚŝůŝƚŝĞƐŝŶƚŚĞĂƌĞĂǁŚŝĐŚĂƌĞĂĚĞƋƵĂƚĞƚŽƐĞƌǀĞƚŚĞƉƌŽƉŽƐĞĚ x  ĚĞǀĞůŽƉŵĞŶƚ͘^ĂŶŝƚĂƌLJƐĞǁĞƌ͕ƐƚŽƌŵƐĞǁĞƌ͕ǁĂƚĞƌ͕ĞůĞĐƚƌŝĐĂŶĚŐĂƐĂƌĞĞdžŝƐƚŝŶŐĂŶĚ ĂǀĂŝůĂďůĞŝŶ^ĐŽƚƚƌŝǀĞ͘dŚĞƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚǁŝůůĐŽŶŶĞĐƚƚŽƚŚĞƐĞƵƚŝůŝƚŝĞƐ͘Ŷ KǁŶĞƌͬŽŶƚƌĂĐƚǁŝůůďĞƌĞƋƵŝƌĞĚĨŽƌĂŶLJŽŶͲƐŝƚĞƉƵďůŝĐŝŵƉƌŽǀĞŵĞŶƚƐ͘  ͘'ĞŽůŽŐŝĐ,ĂnjĂƌĚƐ͗ dŚĞĞdžŝƐƚĞŶĐĞŽĨĂƌĞĂƐŽĨŶĂƚƵƌĂůŽƌŐĞŽůŽŐŝĐŚĂnjĂƌĚ͕ƐƵĐŚĂƐƵŶƐƚĂďůĞƐůŽƉĞƐ͕  ƐŝŶŬŚŽůĞƐ͕ĨůŽŽĚƉůĂŝŶĞƚĐ͕͘ŚĂǀĞďĞĞŶŝĚĞŶƚŝĨŝĞĚĂŶĚƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƚŚĞƐĞĂƌĞĂƐŚĂƐďĞĞŶ  ƚĂŬĞŶŝŶƚŽĂĐĐŽƵŶƚŽƌǁŝůůďĞĂĚĚƌĞƐƐĞĚŝŶƚŚĞWŚĂƐĞ//ƉůĂŶƐ͘  dŚĞƌĞĂƌĞŶŽŬŶŽǁŶŐĞŽůŽŐŝĐŚĂnjĂƌĚƐǁŝƚŚŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚƐŝƚĞ x  ͘EĂƚƵƌĂů&ĞĂƚƵƌĞƐ͗ &ŽƌĚĞǀĞůŽƉŵĞŶƚƐŝŶǀŽůǀŝŶŐŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶ͕ƚŚĞĂƌƌĂŶŐĞŵĞŶƚŽĨďƵŝůĚŝŶŐƐ͕ [[411,2013,424,2065][11][B,I,][Arial]] ƉĂǀĞĚĂƌĞĂƐĂŶĚŽƉĞŶƐƉĂĐĞŚĂƐ͕ƚŽƚŚĞĞdžƚĞŶƚƉƌĂĐƚŝĐĂů͕ƵƚŝůŝnjĞĚƚŚĞĞdžŝƐƚŝŶŐƚŽƉŽŐƌĂƉŚLJĂŶĚ  ĞdžŝƐƚŝŶŐĚĞƐŝƌĂďůĞǀĞŐĞƚĂƚŝŽŶŽĨƚŚĞƐŝƚĞ͘  dŚĞƉƌŽƉŽƐĞĚƉƌŽũĞĐƚŽƉƚŝŵĂůůLJƵƚŝůŝnjĞƐƚŚĞĞdžŝƐƚŝŶŐƐƵƌĨĂĐĞŐƌĂĚŝŶŐŝŶǁŚŝĐŚƚŚĞƌĞŝƐĂ x  ĂƉƉƌŽǀĞĚŵĂƐƐŐƌĂĚŝŶŐƉůĂŶǁŚŝĐŚǁĂƐĂƉƉƌŽǀĞĚďLJƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌǁŚĞŶƚŚĞ ƐƵďĚŝǀŝƐŝŽŶǁĂƐƉůĂƚƚĞĚŝŶϮϬϭϮ͘dŚĞƌĞŝƐĐƵƌƌĞŶƚůLJŶŽǀĞŐĞƚĂƚŝŽŶŽŶƐŝƚĞǁŝƚŚƚŚĞ ĞdžĐĞƉƚŝŽŶŽĨĞƐƚĂďůŝƐŚĞĚƚƵƌĨŐƌĂƐƐĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨĞƌŽƐŝŽŶĐŽŶƚƌŽů dŚĞƚŽƉŽŐƌĂƉŚLJŽĨƚŚĞƐŝƚĞƐůŽƉĞƐyyĨĞĞƚĨƌŽŵƚŚĞŶŽƌƚŚĞƌŶƉƌŽƉĞƌƚLJůŝŶĞƚŽƐŽƵƚŚĞƌŶ x  ƉƌŽƉĞƌƚLJůŝŶĞ͘  ͘ZĞƐŝĚĞŶƚŝĂůdƌĂĨĨŝĐ/ŵƉĂĐƚ͗ tŚĞŶůŽĐĂƚĞĚ/ŶƌĞƐŝĚĞŶƚŝĂůĂƌĞĂ͕ƚŚĞƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚ͗ [[416,2750,429,2802][11][B,I,][Arial]] ϭ͘tŝůůŶŽƚĐĂƵƐĞƚƌĂĨĨŝĐǀŽůƵŵĞƐƚŽĞdžĐĞĞĚƉůĂŶŶĞĚĐĂƉĂĐŝƚŝĞƐŽŶůŽĐĂůƌĞƐŝĚĞŶƚŝĂůƐƚƌĞĞƚƐ͖  Ϯ͘tŝůůŶŽƚŐĞŶĞƌĂƚĞĨƌĞƋƵĞŶƚƚƌƵĐŬƚƌĂĨĨŝĐŽŶůŽĐĂůƌĞƐŝĚĞŶƚŝĂůƐƚƌĞĞƚƐ͖ĂŶĚ  dĞĐŚŶŽůŽŐLJƌŝǀĞEt͕ZŽĐŚĞƐƚĞƌ͕DŝŶŶĞƐŽƚĂ WĂŐĞϮ  3DFNHW3J *F dŽǁŶĞƌ^ĞůĨ^ƚŽƌĂŐĞZĞƐƚƌŝĐƚĞĚĞǀĞůŽƉŵĞŶƚ   ϯ͘tŝůůŶŽƚĐƌĞĂƚĞĂĚĚŝƚŝŽŶĂůƚƌĂĨĨŝĐĚƵƌŝŶŐĞǀĞŶŝŶŐĂŶĚŶŝŐŚƚƚŝŵĞŚŽƵƐĞƐŽŶůŽĐĂů  ƌĞƐŝĚĞŶƚŝĂůƐƚƌĞĞƚƐ͘ dŚĞƐŝƚĞŝƐůŽĐĂƚĞĚŝŶĂŶĂƌĞĂŽĨŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůƵƐĞƐ͘dŚĞĞdžŝƐƚŝŶŐƉƵďůŝĐ x  ŝŶĨƌĂƐƚƌƵĐƚƵƌĞǁĂƐďƵŝůƚƚŽĐŽŵŵĞƌĐŝĂůƌŽĂĚǁĂLJƐƚĂŶĚĂƌĚƐĂŶĚĚĞƐŝŐŶĞĚƚŽŚĂŶĚůĞ ͘Dͬ͘W͘D͘ǀŽůƵŵĞƐŽĨǀĞŚŝĐƵůĂƌƚƌĂĨĨŝĐĂŶĚƚƌƵĐŬƚƌĂĨĨŝĐ͘dŚĞƌĞǁŝůůďĞŶŽƌĞƐŝĚĞŶƚŝĂů ƚƌĂĨĨŝĐĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚŝƐďƵƐŝŶĞƐƐƵƐĞ͘  dŚĞƉƌŽũĞĐƚǁŝůůŽŶůLJĐƌĞĂƚĞŽŶĞĐƵƌďĐƵƚ͘ x   ͘dƌĂĨĨŝĐ'ĞŶĞƌĂƚŝŽŶ/ŵƉĂĐƚ͗ ŶƚŝĐŝƉĂƚĞĚƚƌĂĨĨŝĐŐĞŶĞƌĂƚĞĚďLJƚŚĞĚĞǀĞůŽƉŵĞŶƚǁŝůůŶŽƚĐĂƵƐĞƚŚĞ [[410,852,423,904][11][B,I,][Arial]] ĐĂƉĂĐŝƚLJŽĨĂĚũĂĐĞŶƚƐƚƌĞĞƚƐƚŽďĞĞdžĐĞĞĚĞĚ͕ĂŶĚĐŽŶĐĞƉƚƵĂůŝŵƉƌŽǀĞŵĞŶƚƐƚŽƌĞĚƵĐĞƚŚĞŝŵƉĂĐƚ  ŽĨĂĐĐĞƐƐƉŽŝŶƚƐŽŶƚŚĞƚƌĂĨĨŝĐƐůŽǁŽĨĂĚũĂĐĞŶƚƐƚƌĞĞƚƐŚĂǀĞďĞĞŶŝĚĞŶƚŝĨŝĞĚǁŚĞƌĞŶĞĞĚĞĚ͘ ƚƌĂĨĨŝĐŝŵƉĂĐƚǁĂŝǀĞƌǁĂƐŐƌĂŶƚĞĚďLJƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌŶŐŝŶĞĞƌĚƵĞƚŽƚŚĞ x  ĂŶƚŝĐŝƉĂƚĞĚůŽǁŐĞŶĞƌĂƚŝŽŶŽĨƚƌĂĨĨŝĐƚƌŝƉƐďLJƚŚĞƐĞůĨƐƚŽƌĂŐĞĨĂĐŝůŝƚLJ͘  &͘,ĞŝŐŚƚ/ŵƉĂĐƚƐ͗ &ŽƌĚĞǀĞůŽƉŵĞŶƚƐŝŶǀŽůǀŝŶŐŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶ͕ƚŚĞŚĞŝŐŚƚƐĂŶĚƉůĂĐĞŵĞŶƚŽĨ [[409,1240,422,1292][11][B,I,][Arial]] ƉƌŽƉŽƐĞĚƐƚƌƵĐƚƵƌĞƐĂƌĞĐŽŵƉĂƚŝďůĞǁŝƚŚƚŚĞƐƵƌƌŽƵŶĚŝŶŐĚĞǀĞůŽƉŵĞŶƚ͘&ĂĐƚŽƌƐƚŽĐŽŶƐŝĚĞƌ  ŝŶĐůƵĚĞ͗ ϭ͘tŝůůƚŚĞƐƚƌƵĐƚƵƌĞďůŽĐŬƐƵŶůŝŐŚƚĨƌŽŵƌĞĂĐŚŝŶŐĂĚũĂĐĞŶƚƉƌŽƉĞƌƚŝĞƐĚƵƌŝŶŐĂŵĂũŽƌŝƚLJŽĨ  ƚŚĞĚĂLJĨŽƌŽǀĞƌĨŽƵƌŵŽŶƚŚƐŽƵƚŽĨƚŚĞLJĞĂƌ͖ĂŶĚ͖ ůůƐƚƌƵĐƚƵƌĞƐǁŝůůďĞϭƐƚŽƌLJŝŶŚĞŝŐŚƚĂŶĚǁŝůůŶŽƚĐƌĞĂƚĞƐŚĂĚŽǁƐƐƵĨĨŝĐŝĞŶƚƚŽŚŝŶĚĞƌ x  ƐƵŶůŝŐŚƚƚŽƐƵƌƌŽƵŶĚŝŶŐĞdžŝƐƚŝŶŐďƵƐŝŶĞƐƐĞƐŶŽƌĨƵƚƵƌĞďƵƐŝŶĞƐƐƚŽƚŚĞǁĞƐƚ͘ Ϯ͘tŝůůƐŝƚŝŶŐŽĨƚŚĞƐƚƌƵĐƚƵƌĞƐƵďƐƚĂŶƚŝĂůůLJďůŽĐŬǀŝƐƚĂƐĨƌŽŵƚŚĞƉƌŝŵĂƌLJĞdžƉŽƐƵƌĞƐŽĨ  ĂĚũĂĐĞŶƚƌĞƐŝĚĞŶƚŝĂůĚǁĞůůŝŶŐƐĐƌĞĂƚĞĚĚƵĞƚŽĚŝĨĨĞƌĞŶĐĞƐŝŶĞůĞǀĂƚŝŽŶ͘ EŽƚĂƉƉůŝĐĂďůĞ͘ x   '͘^ĞƚďĂĐŬƐ͗ &ŽƌĚĞǀĞůŽƉŵĞŶƚƐŝŶǀŽůǀŝŶŐŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶ͕ƉƌŽƉŽƐĞĚƐĞƚďĂĐŬƐĂƌĞƌĞůĂƚĞĚƚŽ [[417,2020,430,2072][11][B,I,][Arial]] ďƵŝůĚŝŶŐŚĞŝŐŚƚĂŶĚďƵůŬŝŶĂŵĂŶŶĞƌĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĂƚƌĞƋƵŝƌĞĚĨŽƌƉĞƌŵŝƚƚĞĚƵƐĞƐŝŶƚŚĞ  ƵŶĚĞƌůLJŝŶŐnjŽŶŝŶŐĚŝƐƚƌŝĐƚ͘ ^ĞƚďĂĐŬƐĐŽŵƉůLJǁŝƚŚƚŚĞDͲϭDŝdžĞĚŽŵŵĞƌĐŝĂůͲ/ŶĚƵƐƚƌŝĂůŝƐƚƌŝĐƚ͘ x   ,͘/ŶƚĞƌŶĂů^ŝƚĞĞƐŝŐŶ͗ &ŽƌĚĞǀĞůŽƉŵĞŶƚƐŝŶǀŽůǀŝŶŐŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶ͕ƚŚĞƉƌĞůŝŵŝŶĂƌLJƐŝƚĞůĂLJŽƵƚ [[416,2352,429,2404][11][B,I,][Arial]] ŝŶĚŝĐĂƚĞƐĂĚĞƋƵĂƚĞďƵŝůĚŝŶŐƐĞƉĂƌĂƚŝŽŶĂŶĚĚĞƐŝƌĂďůĞŽƌŝĞŶƚĂƚŝŽŶŽĨƚŚĞďƵŝůĚŝŶŐƐƚŽŽƉĞŶ  ƐƉĂĐĞƐ͕ƐƚƌĞĞƚĨƌŽŶƚĂŐĞƐŽƌŽƚŚĞƌĨŽĐĂůƉŽŝŶƚƐ͘ dŚĞƐŝƚĞĚĞƐŝŐŶƉƌŽǀŝĚĞƐŐŽŽĚŝŶƚĞƌŶĂůƐŝƚĞƌĞůĂƚŝŽŶƐŚŝƉ͘dŚĞƉůĂĐĞŵĞŶƚĂŶĚƐĞƉĂƌĂƚŝŽŶ x  ŽĨƚŚĞƉƌŽƉŽƐĞĚƐƚŽƌĂŐĞƵŶŝƚƐƉƌŽǀŝĚĞƚŚĞŽƉƚŝŵĂůǀĞŚŝĐƵůĂƌĐŝƌĐƵůĂƚŝŽŶĨŽƌƚŚĞ ŝŶƚĞŶĚĞĚƵƐĞƌƐĂůŽŶŐǁŝƚŚĂůůƌĞƋƵŝƌĞĚƐĂĨĞƚLJǀĞŚŝĐůĞƐ͘  /͘^ĐƌĞĞŶŝŶŐĂŶĚƵĨĨĞƌŝŶŐ͗ dŚĞĐŽŶĐĞƉƚƵĂůƐĐƌĞĞŶŝŶŐĂŶĚďƵĨĨĞƌLJĂƌĚƐƉƌŽƉŽƐĞĚĂƌĞĂĚĞƋƵĂƚĞƚŽ [[400,2796,413,2848][11][B,I,][Arial]] ƉƌŽƚĞĐƚƚŚĞƉƌŝǀĂĐLJŽĨƌĞƐŝĚĞŶƚƐŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚŽƌƐƵƌƌŽƵŶĚŝŶŐƌĞƐŝĚĞŶƚŝĂůĂƌĞĂƐĨƌŽŵƚŚĞ ŝŵƉĂĐƚŽĨŝŶƚĞƌŝŽƌƚƌĂĨĨŝĐĐŝƌĐƵůĂƚŝŽŶĂŶĚƉĂƌŬŝŶŐĂƌĞĂƐ͕ƵƚŝůŝƚLJĂƌĞĂƐƐƵĐŚĂƐƌĞĨƵƐĞƐƚŽƌĂŐĞ͕ŶŽŝƐĞ dĞĐŚŶŽůŽŐLJƌŝǀĞEt͕ZŽĐŚĞƐƚĞƌ͕DŝŶŶĞƐŽƚĂ WĂŐĞϯ  3DFNHW3J *F dŽǁŶĞƌ^ĞůĨ^ƚŽƌĂŐĞZĞƐƚƌŝĐƚĞĚĞǀĞůŽƉŵĞŶƚ   ŽƌŐůĂƌĞĞdžĐĞĞĚŝŶŐƉĞƌŵŝƐƐŝďůĞƐƚĂŶĚĂƌĚƐ͕ƉŽƚĞŶƚŝĂůƐĂĨĞƚLJŚĂnjĂƌĚƐ͕ƵŶǁĂŶƚĞĚƉĞĚĞƐƚƌŝĂŶͬďŝĐLJĐůĞ  ĂĐĐĞƐƐ͕ŽƌƚŽƐƵďĚƵĞĚŝĨĨĞƌĞŶĐĞƐŝŶĂƌĐŚŝƚĞĐƚƵƌĞĂŶĚďƵůŬďĞƚǁĞĞŶĂĚũĂĐĞŶƚůĂŶĚƵƐĞƐ͘ dŚĞŝŶƚĞƌŶĂůƐŝƚĞĚĞƐŝŐŶŽƉƚŝŵŝnjĞƐƚŚĞƐŝƚĞǁŝƚŚƚŚŽƵŐŚƚĨƵůƉůĂĐĞŵĞŶƚĂŶĚƐĞƉĂƌĂƚŝŽŶŽĨ x  ƚŚĞďƵŝůĚŝŶŐƐƚŽƉƌŽǀŝĚĞƚŚĞĚĞƐŝƌĞĚǀĂƌŝĞƚLJĂŶĚŵŝdžŽĨƵŶŝƚƚLJƉĞƐĂŶĚďƵŝůĚŝŶŐĨŽŽƚƉƌŝŶƚƐ͘  dŚĞĚƌŝǀĞǁĂLJƚŽƚŚĞƉƌŝŵĂƌLJĐůŝŵĂƚĞĐŽŶƚƌŽůůĞĚďƵŝůĚŝŶŐǁŝůůŚĂǀĞĂŵŝdžŽĨĐĂŶŽƉLJĂŶĚ x  ŽƌŶĂŵĞŶƚĂůƚƌĞĞƐƚŽǀŝƐƵĂůůLJƐŽĨƚĞŶƚŚĞŚĂƌĚƐĐĂƉĞĂŶĚƉƌŽǀŝĚĞĂĚĞĞƉĞƌďƵĨĨĞƌLJĂƌĚƚŚĂŶ ũƵƐƚƉĞƌŝŵĞƚĞƌƉůĂŶƚŝŶŐƐ͘dŚĞƌĞǁŝůůďĞŽƌŶĂŵĞŶƚĂůůĂŶĚƐĐĂƉĞƚŽĨƌĂŵĞƚŚĞĞŶƚƌĂŶĐĞ ŵŽŶƵŵĞŶƚƐŝŐŶĂŐĞůŽĐĂƚĞĚƚŽƚŚĞƐŽƵƚŚŽĨƚŚĞĚƌŝǀĞǁĂLJĂůŽŶŐǁŝƚŚůĂŶĚƐĐĂƉŝŶŐĂƚƚŚĞ ďƵŝůĚŝŶŐĞŶƚƌĂŶĐĞ͘  dŚĞƉƌŝŵĂƌLJǀĞŚŝĐƵůĂƌĂĐĐĞƐƐŐĂƚĞƐƚŽƚŚĞďĂůĂŶĐĞŽĨƚŚĞƐŝƚĞǁŝůůďĞǁƌŽƵŐŚƚŝƌŽŶǁŝƚŚ x  ĂƵƚŽŵĂƚŝĐŬĞLJƌĞĂĚĞƌƐĨŽƌďŽƚŚĞŶƚƌĂŶĐĞĂŶĚĞdžŝƚŝŶŐŽĨƚŚĞƐĞĐƵƌĞĚĂƌĞĂƐ͘  dŚĞƌĞǁŝůůĂůƐŽďĞƉĞĚĞƐƚƌŝĂŶŐĂƚĞƐƚŽĂĐĐĞƐƐƚŚĞƐŝƚĞƚŽƐĞƉĂƌĂƚĞƚŚĞƉĞĚĞƐƚƌŝĂŶĨƌŽŵƚŚĞ x  ǀĞŚŝĐƵůĂƌƵƐĞƌ͘  ^ĞĐƵƌŝƚLJŽĨƚŚĞƐŝƚĞŝƐĂƐƐƵƌĞĚǁŝƚŚĂƉĞƌŝŵĞƚĞƌϲ͛ƚĂůůĐŚĂŝŶůŝŶŬĨĞŶĐĞůŝŶŬĞĚƚŽƚŚĞ x  ŽƵƚĞƌŵŽƐƚďƵŝůĚŝŶŐƐƚŽĐƌĞĂƚĞƚŚĞĞŶĐůŽƐƵƌĞĂƌĞĂƐŽŶƚŚĞĞĂƐƚĞƌŶ͕ŶŽƌƚŚĞƌŶĂŶĚǁĞƐƚĞƌŶ ďŽƵŶĚĂƌŝĞƐ͘  :͘KƌĚŝŶĂŶĐĞZĞƋƵŝƌĞŵĞŶƚƐ͗ dŚĞƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚŝŶĐůƵĚĞƐĂĚĞƋƵĂƚĞĂŵŽƵŶƚƐŽĨŽĨĨͲƐƚƌĞĞƚ [[403,1540,416,1592][11][B,I,][Arial]] ƉĂƌŬŝŶŐĂŶĚůŽĂĚŝŶŐĂƌĞĂƐĂŶĚ͕ŝŶƚŚĞĐĂƐĞŽĨŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶ͕ƚŚĞƌĞŝƐĂĚĞƋƵĂƚĞůĂŶĚƐĐĂƉĞĚ  ĂƌĞĂƚŽŵĞĞƚŽƌĚŝŶĂŶĐĞƌĞƋƵŝƌĞŵĞŶƚƐ͘ dŚĞƚŽƚĂůĂŵŽƵŶƚŽĨůĂŶĚƐĐĂƉĞĂƌĞĂĞdžĐĞĞĚƐƚŚĞŵŝŶŝŵƵŵƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚĞ x  ƵŶĚĞƌůLJŝŶŐnjŽŶŝŶŐ͘ dŚĞƉĂƌŬŝŶŐƉƌŽǀŝĚĞĚĂůŝŐŶƐǁŝƚŚŽƌĚŝŶĂŶĐĞƌĞƋƵŝƌĞĚƉĂƌŬŝŶŐ͘ x   dŚĞƌĞĂƌĞĞdžƚĞƌŶĂůďŝŬĞƌĂĐŬƐůŽĐĂƚĞĚŽƵƚƐŝĚĞŽĨƚŚĞĞŶƚƌĂŶĐĞŐĂƚĞƐĨŽƌƚŚŽƐĞǁŚŽǁŝƐŚ x  ƚŽĂĐĐĞƐƐƚŚĞƐŝƚĞŝŶĂŶŽŶͲŵŽƚŽƌŝnjĞĚǀĞŚŝĐůĞ͘  dŚĞƌĞŝƐĐƵƌƌĞŶƚůLJŶŽĂďŝůŝƚLJƚŽƉĂƌŬĐĂƌƐŽŶ^ĐŽƚƚZŽĂĚEt͘dŚĞƌĞŝƐĂǁĞůůĚĞĨŝŶĞĚ x  ĐŝƌĐƵůĂƚŝŽŶƌŽƵƚĞƚŚƌŽƵŐŚŽƵƚƚŚĞƐŝƚĞĨŽƌĂůůŵŽĚĞƐŽĨƚƌĂĨĨŝĐ͘  <͘'ĞŶĞƌĂůŽŵƉĂƚŝďŝůŝƚLJ͗ dŚĞƌĞůĂƚŝŽŶƐŚŝƉŽĨƚŚĞĂĐƚƵĂůĂƉƉĞĂƌĂŶĐĞ͕ŐĞŶĞƌĂůĚĞŶƐŝƚLJĂŶĚŽǀĞƌĂůů [[413,2352,426,2404][11][B,I,][Arial]] ƐŝƚĞĚĞƐŝŐŶŽĨƚŚĞƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚƐŚŽƵůĚďĞĐŽŵƉĂƌĞĚƚŽƚŚĞĞƐƚĂďůŝƐŚĞĚƉĂƚƚĞƌŶŽĨ njŽŶŝŶŐ͕ƚŚĞĐŚĂƌĂĐƚĞƌŽĨƚŚĞƐƵƌƌŽƵŶĚŝŶŐŶĞŝŐŚďŽƌŚŽŽĚĂŶĚƚŚĞĞdžŝƐƚŝŶŐůĂŶĚĨŽƌŵƐŽĨƚŚĞĂƌĞĂ  ƚŽĚĞƚĞƌŵŝŶĞƚŚĞŐĞŶĞƌĂůĐŽŵƉĂƚŝďŝůŝƚLJŽĨƚŚĞĚĞǀĞůŽƉŵĞŶƚǁŝƚŚŝƚƐƐƵƌƌŽƵŶĚŝŶŐƐ͘ dŚĞƐƵƌƌŽƵŶĚŝŶŐĐŚĂƌĂĐƚĞƌŝƐƚŝĐƐŽĨƚŚĞĚĞǀĞůŽƉŵĞŶƚĂĚũŽŝŶŝŶŐƚŚĞƉƌŽũĞĐƚƐŝƚĞĂůŝŐŶ x  ǀĞƌLJĐůŽƐĞůLJǁŝƚŚƚŚĞƵƐĞĚĞƐŝŐŶĂƚŝŽŶŽĨƚŚĞ>ĂŶĚhƐĞWůĂŶĨŽƌƚŚĞhƌďĂŶ^ĞƌǀŝĐĞƌĞĂ͘ dŚĂƚĚĞĨŝŶŝƚŝŽŶŶŽƚĞƐƚŚĞĨŽůůŽǁŝŶŐ͕͞>ŝŐŚƚ/ŶĚƵƐƚƌŝĂůͬƵƐŝŶĞƐƐWĂƌŬĂƌĞĂĂƌĞŝŶƚĞŶĚĞĚ ƚŽƉƌŽǀŝĚĞĂƚƚƌĂĐƚŝǀĞ͕ŚŝŐŚƋƵĂůŝƚLJŝŶĚƵƐƚƌŝĂůͬďƵƐŝŶĞƐƐƉĂƌŬĚĞǀĞůŽƉŵĞŶƚǁŝƚŚůŽǁĞƌ ƚƌĂĨĨŝĐŐĞŶĞƌĂƚŝŽŶĐŚĂƌĂĐƚĞƌŝƐƚŝĐƐƚŚĂŶƚLJƉŝĐĂůŝŶĚƵƐƚƌŝĂůŽƌĐŽŵŵĞƌĐŝĂůĂƌĞĂƐďĞĐĂƵƐĞ ŽĨƚŚĞĚĞƐƚŝŶĂƚŝŽŶŽƌŝĞŶƚĂƚŝŽŶŽĨƚŚĞƵƐĞƐŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚ͗ dĞĐŚŶŽůŽŐLJƌŝǀĞEt͕ZŽĐŚĞƐƚĞƌ͕DŝŶŶĞƐŽƚĂ WĂŐĞϰ  3DFNHW3J *F dŽǁŶĞƌ^ĞůĨ^ƚŽƌĂŐĞZĞƐƚƌŝĐƚĞĚĞǀĞůŽƉŵĞŶƚ     >ŝŐŚƚŝŶĚƵƐƚƌŝĂůͬďƵƐŝŶĞƐƐWĂƌŬĂƌĞĂƐĂƌĞŝŶƚĞŶĚĞĚƚŽƉƌŽǀŝĚĞĂŚĂƌŵŽŶŝŽƵƐ  R ƚƌ ĂŶƐŝƚŝŽŶƚŽĂĚũĂĐĞŶƚůŽǁĞƌŝŶƚĞŶƐŝƚLJůĂŶĚƵƐĞƐďLJ͙͘ĐŽŶĚƵĐƚŝŶŐŵŽƐƚďƵƐŝŶĞƐƐ ĂĐƚŝǀŝƚŝĞƐĂŶĚƐƚŽƌĂŐĞǁŝƚŚŝŶďƵŝůĚŝŶŐƐ͙͘  >͘EŽŶͲsĞŚŝĐƵůĂƌĂŶĚůƚĞƌŶĂƚŝǀĞDŽĚĞƐŽĨdƌĂǀĞů͗ dŚĞƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚŝŶĐŽƌƉŽƌĂƚĞƐ  ƉĞĚĞƐƚƌŝĂŶŽƌŝĞŶƚĞĚͲƐƉĂĐĞ͕ƉƌŽǀŝĚĞƐĚŝƌĞĐƚĂŶĚĐŽŶǀĞŶŝĞŶƚƉĞĚĞƐƚƌŝĂŶĂĐĐĞƐƐƚŽƚŚĞďƵŝůĚŝŶŐ ĞŶƚƌĂŶĐĞ;ƐͿĨƌŽŵƉƵďůŝĐƚƌĂŝůƐ͕ƉƵďůŝĐƐŝĚĞǁĂůŬƐ͕ĂŶĚŽŶŽƌŽĨĨͲƐŝƚĞƉĂƌŬŝŶŐĂƌĞĂƐ͕ŝŶĐŽƌƉŽƌĂƚĞƐ ĂƉƉƌŽƉƌŝĂƚĞĚƉĞĚĞƐƚƌŝĂŶƐĂĨĞƚLJĨĞĂƚƵƌĞƐ͕ƉƌŽǀŝĚĞƐĐŽŶǀĞŶŝĞŶƚƉĞĚĞƐƚƌŝĂŶĂĐĐĞƐƐĨŽƌƚƌĂŶƐŝƚ ƉĂƚƌŽŶƐ͕Žƌ͕ŝĨĂƉƉƌŽƉƌŝĂƚĞ͕ĂĐĐĞƐƐĨŽƌƚƌĂŶƐŝƚǀĞŚŝĐůĞƐ͕ĂŶĚƉƌŽǀŝĚĞƐĂĚĞƋƵĂƚĞďŝĐLJĐůĞĂĐĐĞƐƐ͘ ŽŶƐŝĚĞƌĂƚŝŽŶƐŚĂůůĂůƐŽďĞŐŝǀĞŶ͕ƚŽƉƌŽǀŝĚŝŶŐĚĞƐŝŐŶĂƚĞĚŵŽƚŽƌŝnjĞĚƐĐŽŽƚĞƌƉĂƌŬŝŶŐŝĨ  ĂƉƉƌŽƉƌŝĂƚĞƚŽƚŚĞĐŽŶƚĞdžƚŽĨƚŚĞĚĞǀĞůŽƉŵĞŶƚƚŚĞƵƐĞ͕ůŽĐĂƚŝŽŶ͕ƚLJƉĞŽĨŝŶĚŝǀŝĚƵĂůƐƐĞƌǀĞĚͿ͘  dŚŝƐƌĞƐƚƌŝĐƚĞĚĚĞǀĞůŽƉŵĞŶƚƐƵŐŐĞƐƚƐƚŚĂƚƚŚĞŵĂũŽƌŝƚLJŝĨŶŽƚĂůůƉŽƚĞŶƚŝĂůƵƐĞƌƐŽĨƚŚĞ x  ƐĞůĨͲƐƚŽƌĂŐĞĨĂĐŝůŝƚLJǁŝůůƌĞƋƵŝƌĞǀĞŚŝĐůĞƐŝŶǁŚŝĐŚƚŚĞLJǁŝůůŚĂǀĞĐŽŶƚĂŝŶĞĚŝƚĞŵƐ ĚĞƐŝƌĞĚƚŽƐƚŽƌĞŽƌĂďŝůŝƚLJƚŽƌĞƚƌŝĞǀĞƐƚŽƌĞĚŝƚĞŵƐĨƌŽŵƚŚĞĨĂĐŝůŝƚLJ͘  dŚĞƉƌŽƉŽƐĞĚǁŝĚƚŚŽĨƚŚĞŽŶĞǁĂLJĚƌŝǀĞĂŝƐůĞƐƉƌŽǀŝĚĞƐĂĚĞƋƵĂƚĞƐĞƉĂƌĂƚŝŽŶŽĨ x  ǀĞŚŝĐůĞƐĂŶĚƉĞĚĞƐƚƌŝĂŶƐǁŚŽŵĂLJďĞůŽĂĚŝŶŐŽƌƵŶůŽĂĚŝŶŐƚŚĞŝƌŐŽŽĚƐĂŶĚŵĂƚĞƌŝĂůƐ͘ dŚĞƉƌŽƉŽƐĞĚŐƌĂĚĞŽĨƚŚĞƉĂǀĞŵĞŶƚĨŽƌƚŚĞĞdžƚĞƌŶĂůůLJĂĐĐĞƐƐĞĚƵŶŝƚƐŝƐǁŝƚŚŽƵƚĂ ƌĂŝƐĞĚƐƵƌĨĂĐĞƚŽĂůůŽǁĨŽƌĐĂƌƚƐĂŶĚĞĂƐĞŽĨůŽĂĚŝŶŐͬƵŶůŽĂĚŝŶŐ͘  dƌĂĨĨŝĐƐŝŐŶƐǁŝƚŚƉŽƐƚĞĚƐƉĞĞĚůŝŵŝƚƐǁŝůůďĞĚŝƐƚƌŝďƵƚĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞƐŝƚĞƚŽ x  ŵĂŝŶƚĂŝŶĂƐĂĨĞĞŶǀŝƌŽŶŵĞŶƚ͘  ŶŽŶƐŝƚĞŵĂŶĂŐĞƌĂŶĚŵĂŝŶƚĞŶĂŶĐĞƉĞƌƐŽŶǁŝůůďĞŽŶĚƵƚLJƚŚƌŽƵŐŚƚŚĞďƵƐŝŶĞƐƐĚĂLJ x  ƚŽĞŶĨŽƌĐĞĐŽŵƉůŝĂŶĐĞǁŝƚŚƐƉĞĞĚƌĞƋƵŝƌĞŵĞŶƚƐĂŶĚƐĂĨĞĂŶĚƌĞĂƐŽŶĂďůĞƵƐĞŽĨƚŚĞ ƐŝƚĞ͘  ϲϮ͘ϳϬϴ^ƵďĚ͘ϯ&ŝŶĚŝŶŐƐĨŽƌ&ŝŶĂůĞǀĞůŽƉŵĞŶƚWůĂŶ͗ ͘WƵďůŝĐ&ĂĐŝůŝƚLJĞƐŝŐŶ͗  dŚĞǁĂƚĞƌƵƚŝůŝƚLJǁŝůůďĞƉƵďůŝĐƚŚƌŽƵŐŚƚŚĞƐŝƚĞĂŶĚĂĚĚŽŶĞǁŚŝĐŚǁŝůůƌĞƋƵŝƌĞŽŶĞ x  ŚLJĚƌĂŶƚŝƚLJKǁŶĞƌŽŶƚƌĂĐƚ͘^ĂŶŝƚĂƌLJƐĞǁĞƌǁŝůůďĞƉƌŝǀĂƚĞƚŚƌŽƵŐŚƚŚĞƐŝƚĞĂŶĚǁŝůů ŵĂŬĞĂƉƌŝǀĂƚĞĐŽŶŶĞĐƚŝŽŶŝŶ^ĐŽƚƚƌŝǀĞ͘^ƚŽƌŵƐĞǁĞƌǁŝůůďĞƉƌŝǀĂƚĞĂŶĚƵƚŝůŝnjĞĂŶ ĞdžŝƐƚŝŶŐϮϭ͟ƐƚŽƌŵƉŝƉĞĂƚƚŚĞƐŽƵƚŚǁĞƐƚĐŽƌŶĞƌŽĨƚŚĞƐŝƚĞƚŽĐŽŶŶĞĐƚƚŽƚŚĞƉƵďůŝĐ ŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚǁŝůůĞdžƚĞŶĚƚŽƚŚĞĂĚũĂĐĞŶƚůŽƚƚŽƚŚĞǁĞƐƚ͘ůĞĐƚƌŝĐĂŶĚŐĂƐǁŝůůĨĞĞĚ ŽĨĨ^ĐŽƚƚƌŝǀĞƚŽƐĞƌǀĞƚŚĞƐŝƚĞ͘  ͘'ĞŽůŽŐŝĐ,ĂnjĂƌĚ͗  ĚĚƌĞƐƐĞĚŝŶϲϮϳϬϴ^ƵďĚ͘Ϯ&ŝŶĚŝŶŐƐĨŽƌWƌĞůŝŵŝŶĂƌLJĞǀĞůŽƉŵĞŶƚWůĂŶĂďŽǀĞ͗ x   ͘ĐĐĞƐƐĨĨĞĐƚ͗  ĚĞƋƵĂƚĞƐĞƉĂƌĂƚŝŽŶĨƌŽŵĞdžŝƐƚŝŶŐƐƚƌĞĞƚŝŶƚĞƌƐĞĐƚŝŽŶƐĂŶĚƚŚĞƉƌŽƉŽƐĂůĨŽƌƚŚĞ x  ĞŶƚƌĂŶĐĞƚŽƚŚĞƐŝƚĞƚŽŽĐĐƵƌĨƌŽŵƚŚĞƐŝŶŐƵůĂƌƉƌŝǀĂƚĞĚƌŝǀĞǁĂLJŵŝŶŝŵŝnjĞƐƉŽƚĞŶƚŝĂů ĐŽŶĨůŝĐƚƐ͘  dĞĐŚŶŽůŽŐLJƌŝǀĞEt͕ZŽĐŚĞƐƚĞƌ͕DŝŶŶĞƐŽƚĂ WĂŐĞϱ  3DFNHW3J *F dŽǁŶĞƌ^ĞůĨ^ƚŽƌĂŐĞZĞƐƚƌŝĐƚĞĚĞǀĞůŽƉŵĞŶƚ    ͘WĞĚĞƐƚƌŝĂŶŝƌĐƵůĂƚŝŽŶ͗  dŚĞƉůĂŶŝŶĐůƵĚĞƐĂŚĂŶĚŝĐĂƉĂĐĐĞƐƐŝďůĞƌŽƵƚĞƚŽƚŚĞƉƌŽƉŽƐĞĚĐůŝŵĂƚĞĐŽŶƚƌŽůůĞĚ x  ďƵŝůĚŝŶŐ͘/ŶĂĚĚŝƚŝŽŶ͕ŝƚŝƐĂŶƚŝĐŝƉĂƚĞĚƚŚĂƚƚŚĞĚŝƐƚƌŝďƵƚŝŽŶŽĨ,ĂŶĚŝĐĂƉĂĐĐĞƐƐŝďůĞ ƐƚŽƌĂŐĞƵŶŝƚƚŚƌŽƵŐŚŽƵƚƚŚĞƐŝƚĞǁŽƵůĚĂůůŽǁƵŶƌĞƐƚƌŝĐƚĞĚĂĐĐĞƐƐƚŽƚŚĞƵŶŝƚǁŝƚŚƚŚĞ ĂďŝůŝƚLJƚŽƉĂƌŬĂǀĞŚŝĐůĞĂĚũĂĐĞŶƚƚŚĞƵŶŝƚĂŶĚƵŶůŽĂĚǁŝƚŚŽƵƚĐŽŶƐƚƌŝĐƚŝŽŶŽĨ ĚĞƐŝŐŶĂƚĞĚƉĂƌŬŝŶŐŽŶůLJůŽĐĂƚŝŽŶƐ͘  ͘&ŽƵŶĚĂƚŝŽŶĂŶĚ^ŝƚĞWůĂŶƚŝŶŐƐ͗  ůĂŶĚƐĐĂƉĞƉůĂŶŚĂƐďĞĞŶƉƌĞƉĂƌĞĚƚŚĂƚĐƌĞĂƚĞƐǀŝƐƵĂůŝŶƚĞƌĞƐƚŝŶƚŚĞǀĂƌŝĞƚŝĞƐŽĨ x  ƐŚƌƵďƐ͕ĐĂŶŽƉLJĂŶĚŽƌŶĂŵĞŶƚĂůƚƌĞĞ͕ĂŶĚŽƌŶĂŵĞŶƚĂůŐƌĂƐƐĞƐƉƌŝŵĂƌŝůLJĂƚƚŚĞŵŽƐƚ ǀŝƐƵĂůůLJĂĐĐĞƐƐŝďůĞĂƌĞĂŽĨƚŚĞƐŝƚĞǁŚŝĐŚŝƐƚŚĞŵĂŝŶĞŶƚƌLJƐĞƋƵĞŶĐĞƚŽƚŚĞĨĂĐŝůŝƚLJ͘͘/ƚ ŝƐďĞůŝĞǀĞĚƚŚĂƚƚŚĞĂĚĚŝƚŝŽŶŽĨƚŚĞůĂŶĚƐĐĂƉĞŵĂƚĞƌŝĂůǁŝůůŝŶďĞĐƌĞĂƚĞĂŶĂƚƚƌĂĐƚŝǀĞ ƐŝƚĞ͘  &͘^ŝƚĞ^ƚĂƚƵƐ͗  dŚŝƐƐŝƚĞǁŝůůďĞĂƉůĂƚƚĞĚƐŝŶŐůĞůŽƚĂŶĚŝƐƉůĂŶŶĞĚƚŽƌĞŵĂŝŶƵŶĚĞƌŽŶĞŽǁŶĞƌƐŚŝƉ͘ x   '͘^ĐƌĞĞŶŝŶŐĂŶĚƵĨĨĞƌLJĂƌĚƐ͗  ĚĚƌĞƐƐĞĚŝŶϲϮϳϬϴ^ƵďĚ͘Ϯ&ŝŶĚŝŶŐƐĨŽƌWƌĞůŝŵŝŶĂƌLJĞǀĞůŽƉŵĞŶƚWůĂŶĂďŽǀĞ͗ x   ,͘&ŝŶĂůƵŝůĚŝŶŐĞƐŝŐŶ͗  dŚĞĨŝŶĂůďƵŝůĚŝŶŐĚĞƐŝŐŶŝƐƚŚĞƉůĂŶƉƌĞƐĞŶƚĞĚǁŝƚŚƚŚŝƐĂƉƉůŝĐĂƚŝŽŶ͘dŚĞƐŝƚĞǁŝůůďĞ x  ďƵŝůƚŝŶƚǁŽƉŚĂƐĞƐ͘dŚĞĞŶƚŝƌĞƉƌŽƉŽƐĞĚďƵŝůĚŽƵƚŽĨƚŚĞĚĞǀĞůŽƉŵĞŶƚŝƐĐŽŶƚĂŝŶĞĚ ǁŝƚŚŝŶƚŚŝƐĂƉƉůŝĐĂƚŝŽŶ͘  /͘/ŶƚĞƌŶĂůŝƌĐƵůĂƚŝŽŶƌĞĂƐ͗  ĚĚƌĞƐƐĞĚŝŶϲϮϳϬϴ^ƵďĚ͘Ϯ&ŝŶĚŝŶŐƐĨŽƌWƌĞůŝŵŝŶĂƌLJĞǀĞůŽƉŵĞŶƚWůĂŶĂďŽǀĞ͗ x   :͘KƌĚŝŶĂŶĐĞZĞƋƵŝƌĞŵĞŶƚƐ͗  ĚĚƌĞƐƐĞĚŝŶϲϮϳϬϴ^ƵďĚ͘Ϯ&ŝŶĚŝŶŐƐĨŽƌWƌĞůŝŵŝŶĂƌLJĞǀĞůŽƉŵĞŶƚWůĂŶĂďŽǀĞ͗ x   <͘EŽŶͲsĞŚŝĐƵůĂƌĂŶĚůƚĞƌŶĂƚŝǀĞdƌĂǀĞůDŽĚĞƐ͗  ĚĚƌĞƐƐĞĚŝŶϲϮϳϬϴ^ƵďĚ͘Ϯ&ŝŶĚŝŶŐƐĨŽƌWƌĞůŝŵŝŶĂƌLJĞǀĞůŽƉŵĞŶƚWůĂŶĂďŽǀĞ͗ x   ϲϮ͘ϳϭϮDŽĚŝĨŝĐĂƚŝŽŶƐ͗ dŚĞŽƵŶĐŝůŵĂLJǁĂŝǀĞƚŚĞŶĞĞĚƚŽƐĂƚŝƐĨLJĐĞƌƚĂŝŶĂƉƉƌŽǀĂůĐƌŝƚĞƌŝĂ͘  dŚĞƉůĂŶĚĞŵŽŶƐƚƌĂƚĞƐƚŚĂƚƚŚĞƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚƵƐĞǁŚŝůĞĂĐĐĞƐƐĂďůĞďLJƉĞĚĞƐƚƌŝĂŶƐŽƌ x  ŶŽŶŵŽƚŽƌŝnjĞĚǀĞŚŝĐůĞƐ͘dŚĞĂŶƚŝĐŝƉĂƚĞĚƵƐĞƌǁŝůůďĞŝŶƐŽŵĞƚLJƉĞŽĨŵŽƚŽƌŝnjĞĚǀĞŚŝĐůĞǁŚŝĐŚ ǁŝůůďĞƚƌĂǀĞůŝŶŐǀĞƌLJƐƉĞĐŝĨŝĐĂůůLJƚŽƚŚĞůŽĐĂƚŝŽŶŽĨƚŚĞƐƚŽƌĂŐĞƵŶŝƚ͘/ƚŝƐƵŶůŝŬĞůLJƚŚĂƚĨŽŽƚ ƚƌĂĨĨŝĐŽĨĂƐƵĨĨŝĐŝĞŶƚŶƵŵďĞƌŽĨƵƐĞƌƐǁŽƵůĚŶĞĐĞƐƐŝƚĂƚĞƚŚĞĚĞůŝŶĞĂƚŝŽŶŽĨĂŵĂƌŬĞĚ ƉĞĚĞƐƚƌŝĂŶƌŽƵƚĞǁŝƚŚŝŶƚŚĞĞŶĐůŽƐĞĚƐƚŽƌĂŐĞĨĂĐŝůŝƚLJ͘   ϲϮ͘ϲϰϬŽŶƵƐĞŶƐŝƚLJŽƌ&ůŽŽƌƌĞĂ ϭ͘tŝƚŚĂƌĞƐƚƌŝĐƚĞĚĚĞǀĞůŽƉŵĞŶƚƚŚĞƌĞŝƐŶŽƚŚƌĞƐŚŽůĚƚŽĞdžĐĞĞĚĨŽƌĞŶƐŝƚLJŽƌ&ůŽŽƌƌĞĂƌ  ZĂƚŝŽƐ͘ dĞĐŚŶŽůŽŐLJƌŝǀĞEt͕ZŽĐŚĞƐƚĞƌ͕DŝŶŶĞƐŽƚĂ WĂŐĞϲ  3DFNHW3J *F dŽǁŶĞƌ^ĞůĨ^ƚŽƌĂŐĞZĞƐƚƌŝĐƚĞĚĞǀĞůŽƉŵĞŶƚ     ϲϮ͘ϲϱϴůůĞǀĞůŽƉŵĞŶƚ͗ dŚĞĐƌŝƚĞƌŝĂŝŶƚŚŝƐƉĂƌĂŐƌĂƉŚŵĂLJďĞĐŽŶƐŝĚĞƌĞĚĨŽƌŐƌĂŶƚŝŶŐďŽŶƵƐĚĞŶƐŝƚLJŝŶ ĂůůĚĞǀĞůŽƉŵĞŶƚƐ͘  ϭ͘^ƚŽƌŵtĂƚĞƌDĂŶĂŐĞŵĞŶƚ͗ dŚĞĚĞǀĞůŽƉĞƌƉƌŽǀŝĚĞƐŽŶͲƐŝƚĞŽƌŽĨĨͲƐŝƚĞŝŵƉƌŽǀĞŵĞŶƚƐƚŽ  ƐƚŽƌŵǁĂƚĞƌĨĂĐŝůŝƚŝĞƐƚŚĂƚǁŝůůŵŝŶŝŵŝnjĞĞdžŝƐƚŝŶŐĨůŽŽĚŝŶŐ͕ĞƌŽƐŝŽŶŽƌƐŝůƚĂƚŝŽŶƉƌŽďůĞŵƐƌĞƐƵůƚŝŶŐ ĨƌŽŵŽďƐŽůĞƚĞŽƌŶŽŶͲĞdžŝƐƚŝŶŐƐƚŽƌŵǁĂƚĞƌĨĂĐŝůŝƚŝĞƐƵƉŽƌĚŽǁŶƐƚƌĞĂŵĨƌŽŵƚŚĞƚƌĂĐƚŝŶ ƋƵĞƐƚŝŽŶ͖ŽƌƚŚĞĚĞǀĞůŽƉĞƌƉƌŽǀŝĚĞƐŝŵƉƌŽǀĞŵĞŶƚƐƐƵĐŚĂƐŽǀĞƌͲƐŝnjĞĚƌĞƚĞŶƚŝŽŶďĂƐŝŶƐ͕ĐŚĂŶŶĞů ŝŵƉƌŽǀĞŵĞŶƚƐ͕ŽƌƌĞĐŚĂƌŐĞĨĂĐŝůŝƚŝĞƐǁŚŝĐŚƌĞĚƵĐĞŽƌĞůŝŵŝŶĂƚĞĞdžŝƐƚŝŶŐĨůŽŽĚŝŶŐ͕ĞƌŽƐŝŽŶŽƌ ƐŝůƚĂƚŝŽŶĐĂƵƐĞďLJƵƌďĂŶĚĞǀĞůŽƉŵĞŶƚĞŝƚŚĞƌƵƉŽƌĚŽǁŶƐƚƌĞĂŵ͘dŚĞŝƚLJŽƵŶĐŝůƐŚĂůůĚĞƚĞƌŵŝŶĞ ƚŚĂƚƚŚĞĞdžŝƐƚŝŶŐƉƌŽďůĞŵƐĂƌĞƐƵĨĨŝĐŝĞŶƚƚŽŐƌĂŶƚƚŚĞďŽŶƵƐ͕ďĂƐĞĚƵƉŽŶƚŚĞƌĞĐŽŵŵĞŶĚĂƚŝŽŶŽĨ  ƚŚĞŝƚLJŶŐŝŶĞĞƌ͘ dŚĞƉƌŽũĞĐƚƐŝƚĞǁŝƚŚƚŚĞ/ŶĚƵƐƚƌŝĂů>ĂŶĚhƐĞĂŶĚŽŶŝŶŐĚĞƐŝŐŶĂƚŝŽŶĂŶƚŝĐŝƉĂƚĞĚƚŚĂƚ x  ƚŚĞƉŽƚĞŶƚŝĂůĚĞǀĞůŽƉŵĞŶƚǁŽƵůĚŚĂǀĞĂŝŶƚĞŶƐĞŝŵƉĞƌǀŝŽƵƐƐƵƌĨĂĐĞŝŶŬĞĞƉŝŶŐǁŝƚŚ ƚŚĞƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚ͘ ^ƚŽƌŵǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚǁŝůůƵƚŝůŝnjĞĂƌĞŐŝŽŶĂůĚĞƚĞŶƚŝŽŶďĂƐŝŶůŽĐĂƚĞĚũƵƐƚĞĂƐƚŽĨ x  ƚŚĞƐŝƚĞƚŚĂƚŚĂŶĚůĞƐƐƚŽƌŵǁĂƚĞƌĨŽƌƚŚĞEŽƌƚŚtĞƐƚŽŵŵĞƌĐŝĂů͘ƐĞĐŽŶĚĂƌLJƉŽŶĚ ŚĂƐďĞĞŶƉƌŽƉŽƐĞĚƚŽĂĐĐŽŵŵŽĚĂƚĞƚŚĞŶĞǁƐƚŽƌŵǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚƐƚĂŶĚĂƌĚƐ ǁŚŝĐŚǁŝůůďĞůŽĐĂƚĞĚƚŽƚŚĞǁĞƐƚŽĨƚŚĞĞŶƚƌLJĚƌŝǀĞĂŶĚǁŝůůƉƌŽǀŝĚĞƌĂƚĞĐŽŶƚƌŽůĨŽƌ ƚŚĞƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚ͘  Ϯ͘dŚĞĚĞǀĞůŽƉŵĞŶƚƉƌŽƉŽƐĞƐƚŽŝŶƚĞŐƌĂƚĞƚŚĞƌĞƵƐĞŽĨĂŶĞdžŝƐƚŝŶŐƐƚƌƵĐƚƵƌĞǁŚŝĐŚŚĂƐďĞĞŶǀĂĐĂŶƚ  ĨŽƌϮϰĐŽŶƐĞĐƵƚŝǀĞŵŽŶƚŚƐ͘ EKdWW>/> x  ϯ͘ĂƐĞŵĞŶƚƐĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞĨůŽŽĚĐŽŶƚƌŽůƉƌŽũĞĐƚĂƌĞƉƌŽǀŝĚĞĚ͕ŽƌŽƚŚĞƌďĂŶŬƚƌĞĂƚŵĞŶƚŽƌ  ƌŝǀĞƌďĞĂƵƚŝĨŝĐĂƚŝŽŶǁŚŝĐŚǁŝůůƌĞƐƵůƚŝŶŝŶĐƌĞĂƐĞĚƵƐĂŐĞŽĨƚŚĞĂƌĞĂĂůŽŶŐĞdžŝƐƚŝŶŐƐƚƌĞĂŵƐĨŽƌ ǁĂůŬŝŶŐ͕ƐŝƚƚŝŶŐ͕ŽƌŽƚŚĞƌŵĞĂŶƐŽĨƉĂƐƐŝǀĞƌĞĐƌĞĂƚŝŽŶĂƌĞĚĞǀĞůŽƉĞĚ͘ EKdWW>/> x  ^ƚƌĞĞƚ/ŵƉƌŽǀĞŵĞŶƚƐ͗ ϰ͘^ƚƌĞĞƚ/ŵƉƌŽǀĞŵĞŶƚƐŶŽƌŵĂůůLJƉƌŽǀŝĚĞĚďLJƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌĂƌĞ  ĐŽŶƐƚƌƵĐƚĞĚ͕ĚĞĚŝĐĂƚĞĚŽƌƉĂŝĚĨŽƌďLJƚŚĞĚĞǀĞůŽƉĞƌ͘džĂŵƉůĞƐŝŶĐůƵĚĞƚŚĞƉƌŽǀŝƐŝŽŶŽĨƌŝŐŚƚͲŽĨͲ ǁĂLJĨŽƌĂƌƚĞƌŝĂůƐƚƌĞĞƚƐďĞLJŽŶĚƚŚĂƚŶŽƌŵĂůůLJƌĞƋƵŝƌĞĚƚŽďĞĚĞĚŝĐĂƚĞĚ͕ŽƌƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶŽƌ ƉĂLJŵĞŶƚĨŽƌƚƵƌŶůĂŶĞƐ͕ƐŝŐŶĂůůŝŐŚƚƐ͕ŝŶĐƌĞĂƐĞĚƉĂǀĞŵĞŶƚĚĞƉƚŚƐ͕ĞƚĐ͘ dŚĞƌĞǁŝůůŶŽƚďĞĂŶLJŶĞǁƉƵďůŝĐƐƚƌĞĞƚŝŵƉƌŽǀĞŵĞŶƚƐǁŝƚŚƚŚŝƐƉƌŽũĞĐƚŝŶĐůƵĚŝŶŐƚƌĂĨĨŝĐ x  ƐŝŐŶĂůƐĂŶĚƚƵƌŶůĂŶĞƐ͘ hƚŝůŝƚLJ^ĞƌǀŝĐĞ͗ x dŚĞĚĞǀĞůŽƉŵĞŶƚŝĨƚŚĞƐŝƚĞǁŝůůůĞĂĚƚŽŝŶĐƌĞĂƐĞĚĞĨĨŝĐŝĞŶĐLJŝŶƚŚĞ  ĞdžŝƐƚŝŶŐƉƵďůŝĐƵƚŝůŝƚLJĚĞůŝǀĞƌLJƐLJƐƚĞŵŽƌƚŚĞŵŽƌĞĞĨĨŝĐŝĞŶƚƵƐĞŽĨĂůƌĞĂĚLJĞdžŝƐƚŝŶŐ ƵƚŝůŝƚŝĞƐ͘dŚŝƐŵĞĂŶƐ͕ĂͿƚŚĂƚƚŚĞŶĞĐĞƐƐĂƌLJƵƚŝůŝƚŝĞƐĂůƌĞĂĚLJĞdžŝƐƚŽŶƚŚĞƉƌŽƉĞƌƚLJƚŽďĞ ƐĞƌǀĞĚ͕ŽƌďͿƚŚĞĚĞǀĞůŽƉŵĞŶƚŽĨƚŚĞƉƌŽƉĞƌƚLJǁŝůůƉƌŽǀŝĚĞĂŶĞĐĞƐƐĂƌLJůŝŶŬŽƌ  ĐŽŶŶĞĐƚŝŽŶƚŽĐŽŵƉůĞƚĞƚŚĞƐLJƐƚĞŵŽƌŝŵƉƌŽǀĞƐĞƌǀŝĐĞ͘ dŚĞĞdžŝƐƚŝŶŐƉƵďůŝĐƐĂŶŝƚĂƌLJƐĞǁĞƌ͕ǁĂƚĞƌŵĂŝŶ͕ƐƚŽƌŵǁĂƚĞƌ͕ĞůĞĐƚƌŝĐĂŶĚŐĂƐŚĂǀĞƚŚĞ x  ĐĂƉĂĐŝƚLJƚŽƐĞƌǀĞƚŚĞƉƌŽũĞĐƚĨƌŽŵ^ĐŽƚƚZŽĂĚEt͘  dĞĐŚŶŽůŽŐLJƌŝǀĞEt͕ZŽĐŚĞƐƚĞƌ͕DŝŶŶĞƐŽƚĂ WĂŐĞϳ  3DFNHW3J *F dŽǁŶĞƌ^ĞůĨ^ƚŽƌĂŐĞZĞƐƚƌŝĐƚĞĚĞǀĞůŽƉŵĞŶƚ   ϱ͘/ŶƚĞŐƌĂƚĞĚWůĂŶŶŝŶŐ͗ dŚĞƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚŝŶǀŽůǀĞƐƚŚĞŝŶƚĞŐƌĂƚĞĚĚĞǀĞůŽƉŵĞŶƚŽĨĂƐŝƚĞ   ǁŚŝĐŚŝƐĂŵŝŶŝŵƵŵŽĨŽŶĞĂĐƌĞŝŶƐŝnjĞĂŶĚůŽĐĂƚĞĚŝŶĂŶĞƐƚĂďůŝƐŚĞĚĚŝƐƚƌŝĐƚ͘ 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