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ƚŚǀĞ͕ǁŚŝĐŚƌƵŶƐŶŽƌƚŚͬƐŽƵƚŚ͘DĞĂĚŽǁsŝĞǁƌŝǀĞǁŝůůƐƚƵď ŝŶƚŽƚŚĞĂĚũĂĐĞŶƚĞĂƐƚĞƌŶƉƌŽƉĞƌƚǇ͘ĂƌŶĞǇ͛ƐWůĂĐĞǁŝůůƌƵŶŶŽƌƚŚͬƐŽƵƚŚ͕ĐŽŶŶĞĐƚŝŶŐĞĂƵƐ ƌŝǀĞĂŶĚDĞĂĚŽǁsŝĞǁƌŝǀĞŽŶƚŚĞĞĂƐƚĞƌŶƐŝĚĞŽĨƚŚĞƉƌŽƉĞƌƚǇ͘ DĞĂĚŽǁƌŝǀĞĂŶĚĞĂƵƌŝǀĞǁŝůůƐƚƵďŝŶƚŽƚŚĞĂĚũĂĐĞŶƚĞĂƐƚĞƌŶůŽƚƚŽƉƌŽǀŝĚĞĂŶĂĐĐĞƐƐ ƉŽŝŶƚĨŽƌĨƵƚƵƌĞ͕ƵŶƉůĂŶŶĞĚĚĞǀĞůŽƉŵĞŶƚ͘ ƌŝƚĞƌŝĂ&͘KŶĂŶĚŽĨĨͲƐŝƚĞƉƵďůŝĐĨĂĐŝůŝƚŝĞƐĂƌĞĂĚĞƋƵĂƚĞ͕ŽƌǁŝůůďĞĂĚĞƋƵĂƚĞŝĨƚŚĞ ĚĞǀĞůŽƉŵĞŶƚŝƐƉŚĂƐĞĚŝŶ͕ƚŽƐĞƌǀĞƚŚĞƉƌŽƉĞƌƚŝĞƐƵŶĚĞƌĐŽŶƐŝĚĞƌĂƚŝŽŶĂŶĚǁŝůůƉƌŽǀŝĚĞ ĂĐĐĞƐƐƚŽĂĚũŽŝŶŝŶŐůĂŶĚŝŶĂŵĂŶŶĞƌƚŚĂƚǁŝůůĂůůŽǁĚĞǀĞůŽƉŵĞŶƚŽĨƚŚŽƐĞĂĚũŽŝŶŝŶŐůĂŶĚƐ ŝŶĂĐĐŽƌĚǁŝƚŚƚŚŝƐŽƌĚŝŶĂŶĐĞ͘ ϭ͘^ƚƌĞĞƚƐǇƐƚĞŵĂĚĞƋƵĂĐǇƐŚĂůůďĞďĂƐĞĚŽŶƚŚĞƐƚƌĞĞƚƐǇƐƚĞŵΖƐĂďŝůŝƚǇƚŽƐĂĨĞůǇ ĂĐĐŽŵŵŽĚĂƚĞƚƌŝƉƐĨƌŽŵĞǆŝƐƚŝŶŐĂŶĚƉůĂŶŶĞĚůĂŶĚƵƐĞƐŽŶƚŚĞĞǆŝƐƚŝŶŐĂŶĚƉƌŽƉŽƐĞĚ ƐƚƌĞĞƚƐǇƐƚĞŵǁŝƚŚŽƵƚĐƌĞĂƚŝŶŐƐĂĨĞƚǇŚĂǌĂƌĚƐ͕ŐĞŶĞƌĂƚŝŶŐĂƵƚŽƐƚĂĐŬŝŶŐƚŚĂƚďůŽĐŬƐ ĚƌŝǀĞǁĂǇƐŽƌŝŶƚĞƌƐĞĐƚŝŽŶƐ͕ŽƌĚŝƐƌƵƉƚŝŶŐƚƌĂĨĨŝĐĨůŽǁŽŶĂŶǇƐƚƌĞĞƚ͕ĂƐŝĚĞŶƚŝĨŝĞĚŝŶƚŚĞ ƚƌĂĨĨŝĐŝŵƉĂĐƚƌĞƉŽƌƚ͕ŝĨƌĞƋƵŝƌĞĚďǇ^ĞĐƚŝŽŶϲϭ͘ϱϮϯ;Ϳ͘ĂƉĂĐŝƚǇĨƌŽŵŝŵƉƌŽǀĞŵĞŶƚƐŝŶ ƚŚĞĨŝƌƐƚϯǇĞĂƌƐŽĨƚŚĞϲͲǇĞĂƌ/WƐŚĂůůďĞŝŶĐůƵĚĞĚŝŶƚŚĞĂƐƐĞƐƐŵĞŶƚŽĨĂĚĞƋƵĂĐǇ͘ 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ƚƌĞĞĨŽƌĞǀĞƌǇϱϬͲĨƚŽĨĨƌŽŶƚĂŐĞ͘WƌŝŽƌƚŽƚŚĞƌĞĐŽƌĚŝŶŐŽĨƚŚĞ&ŝŶĂů WůĂƚ͕ƚŚĞĂƉƉůŝĐĂŶƚƐŚĂůůĞŝƚŚĞƌŵĂŬĞĂƉĂǇŵĞŶƚƚŽƚŚĞZŽĐŚĞƐƚĞƌ WĂƌŬƐĂŶĚZĞĐƌĞĂƚŝŽŶĞƉĂƌƚŵĞŶƚƚŽƉůĂŶƚƚŚĞƌĞƋƵŝƌĞĚŶƵŵďĞƌŽĨ ďŽƵůĞǀĂƌĚƚƌĞĞƐ͕ŽƌĞǆĞĐƵƚĞĂŶĚƌĞĐŽƌĚĂŽƵůĞǀĂƌĚdƌĞĞ'ƌĞĞŶ &ĂĐŝůŝƚŝĞƐĂŐƌĞĞŵĞŶƚ͕ǁŚŝĐŚǁŝůůŝŶĐůƵĚĞĂƉůĂŶƚŝŶŐƉůĂŶĂƉƉƌŽǀĞĚďǇ ƚŚĞWĂƌŬƐĞƉĂƌƚŵĞŶƚ͘ ^ƵďƐƚĂŶƚŝĂů>ĂŶĚůƚĞƌĂƚŝŽŶ ^>/EdZKhd/KE͗ dŚĞƉƌŽũĞĐƚŵĞĞƚƐƚŚĞƚŚƌĞƐŚŽůĚŽĨĂ^ƵďƐƚĂŶƚŝĂů>ĂŶĚůƚĞƌĂƚŝŽŶ;^>Ϳ͘WƵƌƐƵĂŶƚƚŽŝƚǇŽĚĞ ΑϲϮ͘ϭϭϬϭ;ϮͿ;ϭͿ;ĚͿ͕ĂŶ^>ŝƐƌĞƋƵŝƌĞĚǁŚĞƌĞǀĞƌƚŚĞƌĞŝƐ͞ĂŵŽǀĞŵĞŶƚŽĨϱϬϬĐƵďŝĐǇĂƌĚƐŽƌ ŵŽƌĞŽĨĞĂƌƚŚƚŚĂƚŝŶǀŽůǀĞƐĂĐŚĂŶŐĞŝŶŶĂƚƵƌĂůŽƌƉƌĞͲĞǆŝƐƚŝŶŐŐƌĂĚĞƐŽĨƚĞŶŽƌŵŽƌĞǀĞƌƚŝĐĂů ĨĞĞƚĨŽƌĂŶǇƉŽƌƚŝŽŶŽĨĂƉĂƌĐĞů͘͟ ^>&/E/E'^͗ WůĂŶŶŝŶŐ^ƚĂĨĨƌĞǀŝĞǁĞĚƚŚĞ^>ĞǆĞŵƉƚŝŽŶƌĞƋƵĞƐƚĨŽƌĐŽŵƉůŝĂŶĐĞǁŝƚŚŝƚǇŽĚĞΑϲϮ͘ϭϭϬϱ͕ ǁŚŝĐŚƐƚĂƚĞƐƚŚĂƚƚŚĞŝƚǇƐŚĂůůĂƉƉƌŽǀĞĂĐŽŶĚŝƚŝŽŶĂůƵƐĞƉĞƌŵŝƚĂƵƚŚŽƌŝǌŝŶŐĂŶĞǆĐĂǀĂƚŝŽŶ ĂĐƚŝǀŝƚǇŽŶůǇŝĨĂůůƚŚĞĨŝŶĚŝŶŐƐǁŝƚŚƌĞƐƉĞĐƚƚŽƚŚĞƉƌŽƉŽƐĞĚĂĐƚŝǀŝƚǇĂƌĞŵĂĚĞ͕ŝŶĂĚĚŝƚŝŽŶƚŽƚŚŽƐĞ ůŝƐƚĞĚŝŶΑϲϭ͘ϭϰϲ͘ WůĂŶŶŝŶŐƐƚĂĨĨƌĞĐŽŵŵĞŶĚƐĂƉƉƌŽǀĂůďĂƐĞĚŽŶƚŚĞĨŝŶĚŝŶŐƐůŝƐƚĞĚďĞůŽǁ͘ ϲϮ͘ϭϭϬϱ&ŝŶĚŝŶŐƐ͗ 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W,͗ϱϬϳ͘ϯϮϴ͘ϮϵϱϬͮ&y͗ϱϬϳ͘ϯϮϴ͘ϮϰϬϭͮĐŽŵŵƵŶŝƚǇĚĞǀĞůŽƉŵĞŶƚΛƌŽĐŚĞƐƚĞƌŵŶ͘ŐŽǀ ǁǁǁ͘ƌŽĐŚĞƐƚĞƌŵŶ͘ŐŽǀͬĐŽŵŵƵŶŝƚǇĚĞǀĞůŽƉŵĞŶƚ 3DFNHW3J *D ĐƚŝǀŝƚǇƚŚĂƚŵŝŐŚƚŝŵƉĂĐƚĂŝƌƋƵĂůŝƚǇǁŝůůĐŽŵƉůǇǁŝƚŚĂůůĂƉƉůŝĐĂďůĞDW ƌĞŐƵůĂƚŝŽŶƐĂŶĚƌĞƋƵŝƌĞŵĞŶƚƐ͘ĞĂƌƌĞĞŬǁŝůůďĞƉƌŽƚĞĐƚĞĚƚŚƌŽƵŐŚĂƉƉƌŽǀĞĚ ĞƌŽƐŝŽŶĐŽŶƚƌŽůĂŶĚďĞƐƚŵĂŶĂŐĞŵĞŶƚƉƌĂĐƚŝĐĞƐ͘ŽŶƐƚƌƵĐƚŝŽŶĂĐƚŝǀŝƚŝĞƐĂŶĚŐƌĂĚŝŶŐ ǁŝůůŶŽƚŝŵƉĂĐƚŐƌŽƵŶĚǁĂƚĞƌ͘ŽŶƐƚƌƵĐƚŝŽŶĂĐƚŝǀŝƚŝĞƐǁŝůůďĞŽĨĂŶŝŶƚĞƌŵĞĚŝĂƚĞ ĚƵƌĂƚŝŽŶĂŶĚĂůůƐůŽƉĞƐǁŝůůďĞƐƚĂďŝůŝǌĞĚǁŝƚŚŝŶϭϰĚĂǇƐŽƌĂƚƚŚĞĞŶĚŽĨƚŚĞŐƌĂĚŝŶŐ ĂĐƚŝǀŝƚǇ͕ǁŚŝĐŚĞǀĞƌĐŽŵĞƐĨŝƌƐƚ͘ ͘dŚĞƉƌŽƉŽƐĞĚƵƐĞǁŝůůŶŽƚĂĚǀĞƌƐĞůǇĂĨĨĞĐƚƚŚĞƐĐĞŶŝĐƋƵĂůŝƚǇŽĨZŽĐŚĞƐƚĞƌŽƌƚŚĞ ŶĂƚƵƌĂůůĂŶĚƐĐĂƉĞƐ͕ĞŶǀŝƌŽŶŵĞŶƚ͕ǁŝůĚůŝĨĞĂŶĚǁŝůĚůŝĨĞŚĂďŝƚĂƚ͖ŽƌŝĨƐƵĐŚĞĨĨĞĐƚƐĂƌĞ ĂŶƚŝĐŝƉĂƚĞĚƚŽŽĐĐƵƌ͕ƚŚĞƌĞĐůĂŵĂƚŝŽŶƉůĂŶƉƌŽǀŝĚĞƐĨŽƌĂĚĞƋƵĂƚĞƌĞƐƚŽƌĂƚŝŽŶŽĨƚŚĞ ƐŝƚĞĨŽůůŽǁŝŶŐĐŽŵƉůĞƚŝŽŶŽĨƚŚĞĞǆĐĂǀĂƚŝŽŶĂĐƚŝǀŝƚǇ͖ dŚĞƉƌŽƉŽƐĞĚŐƌĂĚŝŶŐŝƐŶĞĐĞƐƐĂƌǇĨŽƌĚĞǀĞůŽƉŵĞŶƚŽĨĂůŽǁͲĚĞŶƐŝƚǇƌĞƐŝĚĞŶƚŝĂůƐƵďĚŝǀŝƐŝŽŶ͕ dŚĞƉƌŽƉŽƐĞĚƐƵďĚŝǀŝƐŝŽŶƚŚĂƚǁŝůůĨŽůůŽǁƚŚĞŐƌĂĚŝŶŐĂĐƚŝǀŝƚǇŝƐĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞŝƚǇ͛Ɛ >ĂŶĚhƐĞWůĂŶ͕ĂŶĚƚŚĞƐƵƌƌŽƵŶĚŝŶŐůŽǁͲĚĞŶƐŝƚǇƌĞƐŝĚĞŶƚŝĂůĐŚĂƌĂĐƚĞƌŽĨƚŚĞƐƵƌƌŽƵŶĚŝŶŐ 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3DFNHW3J *D dŚĞŐƌĂĚŝŶŐĂĐƚŝǀŝƚǇŝƐƐŝŵŝůĂƌƚŽdŚĞƌĞĞŬǀŝĞǁDĞĂĚŽǁƐƐƵďĚŝǀŝƐŝŽŶǁŝůůďĞĚĞǀĞůŽƉĞĚŝŶ ƉŚĂƐĞƐ͕ůŝŵŝƚŝŶŐƚŚĞǀŽůƵŵĞŽĨŵĂƚĞƌŝĂůŵŽǀĞĚĨŽƌĞĂĐŚƐƵĐĐĞƐƐŝǀĞƉŚĂƐĞ͕ĂŶĚŵŽǀŝŶŐ ĨĂƌƚŚĞƌĂǁĂǇĨƌŽŵĐƵƌƌĞŶƚĞǆŝƐƚŝŶŐĚĞǀĞůŽƉŵĞŶƚĂƐƚŚĞƉŚĂƐĞƐƉƌŽŐƌĞƐƐ͘dŚŝƐǁŽƌŬǁŝůůŶŽƚ ƵŶĚƵůǇĂĨĨĞĐƚƚŚĞƵƐĞĂŶĚĞŶũŽǇŵĞŶƚŽĨĂĚũĂĐĞŶƚƉƌŽƉĞƌƚŝĞƐ͘ ,͘dŚĞƐŝƚĞƉůĂŶƉƌŽǀŝĚĞƐĨŽƌĂĚĞƋƵĂƚĞďƵĨĨĞƌƐĂŶĚƐĐƌĞĞŶŝŶŐǇĞĂƌͲƌŽƵŶĚĨƌŽŵƵŶƐŝŐŚƚůǇ ĨĞĂƚƵƌĞƐŽĨƚŚĞĞǆĐĂǀĂƚŝŽŶŽƉĞƌĂƚŝŽŶ͖ dŚĞĞǆĐĂǀĂƚŝŽŶŽƉĞƌĂƚŝŽŶǁŝůůƌĞƐƵůƚŝŶĐƵƚƐĂŶĚĨŝůůƐĂƐŝĚĞŶƚŝĨŝĞĚŽŶƚŚĞĂƚƚĂĐŚĞĚ ŵĂƉ͘dŚĞƐĞĂƌĞĂƐŝŵƉĂĐƚĞĚĂƌĞŝŶƚĞƌŶĂůƚŽƚŚĞƉƌŽũĞĐƚƐŝƚĞĂŶĚĂƌĞĂƌĞƐƵůƚŽĨƚŚĞ ƌŽĂĚŶĞƚǁŽƌŬ͕ĐŽŶĨŽƌŵŝŶŐƚŽƚŚĞĞǆŝƐƚŝŶŐŐƌĂĚĞƐĂůŽŶŐƚŚĞƉƌŽũĞĐƚƉĞƌŝŵĞƚĞƌ͕ĂŶĚ ƌĂŝƐŝŶŐŚŽƵƐŝŶŐĞůĞǀĂƚŝŽŶƐĂďŽǀĞƚŚĞϭϬϬͲǇĞĂƌK,tD͘ /͘dŚĞƌĞĐůĂŵĂƚŝŽŶƉůĂŶƉƌŽǀŝĚĞƐĨŽƌĂĚĞƋƵĂƚĞĂŶĚĂƉƉƌŽƉƌŝĂƚĞƌĞƐƚŽƌĂƚŝŽŶĂŶĚ ƐƚĂďŝůŝǌĂƚŝŽŶŽĨĐƵƚĂŶĚĨŝůůĂƌĞĂƐ͖ dŚĞŐƌĂĚŝŶŐƉůĂŶǁŝůůƉƌŽǀŝĚĞĨŽƌƉƌŽƉĞƌƌĞƐƚŽƌĂƚŝŽŶĂŶĚƉĞƌŵĂŶĞŶƚƐƚĂďŝůŝǌĂƚŝŽŶŝŶ ĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞĐŽĚĞƐŽĨƚŚĞŝƚǇŽĨZŽĐŚĞƐƚĞƌ͘ &ŽůůŽǁŝŶŐƚŚĞŐƌĂĚŝŶŐĂĐƚŝǀŝƚǇƚŚĞƐŝƚĞǁŝůů ďĞĂůŽǁͲĚĞŶƐŝƚǇƌĞƐŝĚĞŶƚŝĂůŶĞŝŐŚďŽƌŚŽŽĚ͘ĂĐŚůŽƚǁŝůůďĞƌĞƋƵŝƌĞĚƚŽŵĞĞƚƚŚĞŵŝŶŝŵƵŵ ůĂŶĚƐĐĂƉĞĂƌĞĂƌĞƋƵŝƌĞŵĞŶƚƐŝŶƚŚĞ>ĂŶĚĞǀĞůŽƉŵĞŶƚDĂŶƵĂů͕ĂŶĚďŽƵůĞǀĂƌĚƚƌĞĞƐǁŝůůďĞƌĞƋƵŝƌĞĚ ĂůŽŶŐĂůůƉƵďůŝĐƐƚƌĞĞƚƐ͘ :͘dŚĞĞǆĐĂǀĂƚŝŽŶĂĐƚŝǀŝƚǇǁŝůůŶŽƚƌĞƐƵůƚŝŶŶĞŐĂƚŝǀĞŝŵƉĂĐƚƐŽŶĚƌĂŝŶĂŐĞƉĂƚƚĞƌŶƐŽƌ ƐƚŽƌŵǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚĨĂĐŝůŝƚŝĞƐ͖ dŚĞŐƌĂĚŝŶŐǁŝůůŶŽƚƌĞƐƵůƚŝŶŶĞŐĂƚŝǀĞŝŵƉĂĐƚƐƚŽƚŚĞĚƌĂŝŶĂŐĞƉĂƚƚĞƌŶƐĂŶĚǁŝůů ƉƌŽŵŽƚĞŝŶĨŝůƚƌĂƚŝŽŶĂƐĂƉƌŝŵĂƌǇŵĞĐŚĂŶŝƐŵĨŽƌƐƚŽƌŵǁĂƚĞƌƚƌĞĂƚŵĞŶƚĚƵĞƚŽƐĂŶĚǇ ŝŶͲƐŝƚƵƐŽŝůƐ͘ƚĞŵƉŽƌĂƌǇƐƚŽƌŵǁĂƚĞƌĨĂĐŝůŝƚǇǁŝůůďĞĐŽŶƐƚƌƵĐƚĞĚƚŽƐƵƉƉŽƌƚWŚĂƐĞƐ/Ͳ///͘ ƉĞƌŵĂŶĞŶƚƐƚŽƌŵǁĂƚĞƌĨĂĐŝůŝƚǇǁŝůůďĞĐŽŶƐƚƌƵĐƚĞĚƚŽƐƵƉƉŽƌƚƚŚĞĨƵůůƉƌŽũĞĐƚ͘tĂƚĞƌƋƵĂůŝƚǇ ƌĞƋƵŝƌĞŵĞŶƚƐǁŝůůďĞĂƐƐĞƐƐĞĚĂƚĞĂĐŚĨƵƚƵƌĞƉŚĂƐĞƚŽǀĞƌŝĨǇƚŚĞƚĞŵƉŽƌĂƌǇĨĂĐŝůŝƚǇŝƐ ƐƵĨĨŝĐŝĞŶƚůǇƐŝǌĞĚƵŶƚŝůƐƵĐŚĂƚŝŵĞƚŚĂƚƚŚĞƉĞƌŵĂŶĞŶƚƐƚŽƌŵǁĂƚĞƌĨĂĐŝůŝƚǇƐǇƐƚĞŵŝƐ ƉĞƌŵŝƚƚĞĚĂŶĚĐŽŶƐƚƌƵĐƚĞĚ͘ <͘dŚĞƉƌŽƉŽƐĞĚĂĐƚŝǀŝƚǇǁŝůůŵŝŶŝŵŝǌĞŝŵƉĂĐƚƐŽŶƐŝŶŬŚŽůĞƐ͕ǁĞƚůĂŶĚƐĂŶĚŽƚŚĞƌŶĂƚƵƌĂů ĨĞĂƚƵƌĞƐĂĨĨĞĐƚŝŶŐŐƌŽƵŶĚǁĂƚĞƌŽƌƐƵƌĨĂĐĞǁĂƚĞƌƋƵĂůŝƚǇ͖ ŽŵŵƵŶŝƚǇĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚͮŝƚǇ,ĂůůͮϰϬϬϭtĞƐƚZŝǀĞƌWŬǁǇͮZŽĐŚĞƐƚĞƌDEϱϱϵϬϭ W,͗ϱϬϳ͘ϯϮϴ͘ϮϵϱϬͮ&y͗ϱϬϳ͘ϯϮϴ͘ϮϰϬϭͮĐŽŵŵƵŶŝƚǇĚĞǀĞůŽƉŵĞŶƚΛƌŽĐŚĞƐƚĞƌŵŶ͘ŐŽǀ ǁǁǁ͘ƌŽĐŚĞƐƚĞƌŵŶ͘ŐŽǀͬĐŽŵŵƵŶŝƚǇĚĞǀĞůŽƉŵĞŶƚ 3DFNHW3J *D dŚĞĂƌĞĂŽĨŐƌĂĚŝŶŐĚŽĞƐŶŽƚĐŽŶƚĂŝŶƐŝŶŬŚŽůĞƐ͘dŚĞĂƉƉůŝĐĂŶƚ͛ƐŶĂƌƌĂƚŝǀĞƐƚĂƚĞƐ 'ĞŽƚĞĐŚŶŝĐĂůďŽƌŝŶŐƐĚŽŝŶĚŝĐĂƚĞƐŚĂůůŽǁŐƌŽƵŶĚǁĂƚĞƌŝŶƐŽŵĞůŽĐĂƚŝŽŶƐ͕ǁŚŝĐŚǁŝůůďĞ ĂǀŽŝĚĞĚǁŚĞƌĞĨĞĂƐŝďůĞ͘^ŽŵĞǁĞƚůĂŶĚĨĞĂƚƵƌĞƐĂƌĞƵŶĂǀŽŝĚĂďůĞĂŶĚǁŝůůďĞŵŝƚŝŐĂƚĞĚĂƐ ƌĞƋƵŝƌĞĚĨŽƌĚŝƐƚƵƌďĞĚĂƌĞĂƐĂƐƌĞƋƵŝƌĞĚďǇƉĞƌŵŝƚƚŝŶŐĂŐĞŶĐŝĞƐ͘ >͘dŚĞŝŶƚĞŶƐŝƚǇĂŶĚƚŚĞĂŶƚŝĐŝƉĂƚĞĚĚƵƌĂƚŝŽŶŽĨƚŚĞƉƌŽƉŽƐĞĚĞǆĐĂǀĂƚŝŽŶĂĐƚŝǀŝƚǇŝƐ ĂƉƉƌŽƉƌŝĂƚĞĨŽƌƚŚĞƐŝǌĞĂŶĚůŽĐĂƚŝŽŶŽĨƚŚĞĂĐƚŝǀŝƚǇ͖ dŚĞŝŶƚĞŶƐŝƚǇĂŶĚĚƵƌĂƚŝŽŶŽĨƚŚĞĞǆĐĂǀĂƚŝŽŶĂĐƚŝǀŝƚŝĞƐĂƌĞŐĞŶĞƌĂůůǇůŝŵŝƚĞĚƚŽƚŚĞ ŐƌĂĚŝŶŐĂƌĞĂƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĞƉŚĂƐĞĚŐƌĂĚŝŶŐĂĐƚŝǀŝƚŝĞƐ͘dŚĞ^>ƚƌŝŐŐĞƌƐĨŽƌƚŚŝƐƉƌŽũĞĐƚ ĂƌĞƚǇƉŝĐĂůůǇĚƵĞƚŽƚŚĞǀŽůƵŵĞŽĨŵĂƚĞƌŝĂůŵŽǀĞĚĂĐƌŽƐƐƚŚĞĨƵůůƉƌŽũĞĐƚƐŝƚĞĂĐƌŽƐƐ ŵƵůƚŝƉůĞƉŚĂƐĞƐǁŝƚŚŝŶĨŽƵƌĐŽŶƐƚƌƵĐƚŝŽŶƐĞĂƐŽŶƐ͘ D͘WĞƌŵĂŶĞŶƚĂŶĚŝŶƚĞƌŝŵĞƌŽƐŝŽŶĂŶĚƐĞĚŝŵĞŶƚĐŽŶƚƌŽůƉůĂŶƐŚĂǀĞďĞĞŶĂƉƉƌŽǀĞĚďǇ ƚŚĞŝƚǇ͖ WĞƌŵĂŶĞŶƚĂŶĚŝŶƚĞƌŝŵ;ĚƵƌŝŶŐĐŽŶƐƚƌƵĐƚŝŽŶͿĞƌŽƐŝŽŶͬƐĞĚŝŵĞŶƚĂƚŝŽŶĐŽŶƚƌŽůǁŝůůďĞ ƉƌŽǀŝĚĞĚĂƐĂƉĂƌƚŽĨĞĂĐŚŐƌĂĚŝŶŐƉůĂŶ͕ǁŚŝĐŚƐŚĂůůďĞĂƉƉƌŽǀĞĚďĞĨŽƌĞƐƵďŵŝƚƚĂůŽĨĂ&ŝŶĂů WůĂƚĨŽƌĞĂĐŚƉŚĂƐĞŽĨĚĞǀĞůŽƉŵĞŶƚ͘͘ 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