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May 18, 2020 Agenda Packet
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ǁŝƚŶĞƐƐƚŚŝƐŽǀĞƌƚŚĞLJĞĂƌƐĂƐƌ͘tĞŶƚĞΖƐŚŽƵƐĞ͕ĂĐƌŽƐƐƚŚĞƐƚƌĞĞƚĨƌŽŵŽƵƌŚŽƵƐĞ͕ǁĞŶƚĨƌŽŵĂ 3DFNHW3J $ ŵƵĐŚďĞůŽǀĞĚŚŽŵĞƚŽĂƌĞŶƚĂůĨŽƌĂƚůĞĂƐƚϱŵĞŶ͕ũƵƐƚŽƵƚŽĨĐŽůůĞŐĞ͘dŚĞƉƌŽƉĞƌƚLJŚĂƐ ĚĞĐůŝŶĞĚ͘ŶĚƚŚĞŵĂŶLJĐŽŵƉůĂŝŶƚƐĨƌŽŵƚŚĞŶĞŝŐŚďŽƌƐƚŽƚŚĞƉƌŽƉĞƌƚLJŵĂŶĂŐĞŵĞŶƚĐŽŵƉĂŶLJ ĂƌĞŶĞǀĞƌƌĞƐŽůǀĞĚ͘/ŵĂLJĂĚĚƚŚĂƚƚŚŝƐƉƌŽƉĞƌƚLJŝƐŽǁŶĞĚďLJƚǁŽĚŽĐƚŽƌƐ͘/ǁŽŶĚĞƌŚŽǁƚŚĞLJ ǁŽƵůĚĨĞĞůŝĨǁĞƉƵƌĐŚĂƐĞĚĂŚŽƵƐĞŶĞdžƚƚŽƚŚĞŝƌƐĂŶĚůĞƚŝƚĚĞĐůŝŶĞ͘KZĂůůŽǁĞĚϱƌĞŶƚĞƌƐŝŶŽŶĞ ƉƌŽƉĞƌƚLJǁŝƚŚϱĐĂƌƐ͕ŽƌŵŽƌĞ͘ΗŚƌŝƐƚĞůZŝĐŚƚĞƌ Η/ŚĂǀĞŚĂĚƚŚŝƐĐŽŶĐĞƌŶĨŽƌŵĂŶLJLJĞĂƌƐ͘/ůŝǀĞŽŶϭϲƚŚǀĞ^t͕ĂŶĚǁĞƉƌŽďĂďůLJŚĂǀĞϯϱйŽƌ ŵŽƌĞƌĞŶƚĂůĂŶĚŝƌŶƐ͊dŚĂŶŬƐΗ^ƚĞǀĞ<ƌŝĞƌ ΗtĞůůƐĂŝĚ͊Η ƌŝĐŽƌŝƐĐŚ ZĞƐƉĞĐƚĨƵůůLJƐƵďŵŝƚƚĞĚ͕ ^ƵƐĂŶtĞƐĐŽƚƚ ϱϮϬϭϱƚŚǀĞ^t ZŽĐŚĞƐƚĞƌ͕DEϱϱϵϬϮ ĐĞůů͗;ϱϬϳͿϮϲϭͲϵϲϵϬ &ƌŽŵ͗ ŽŶEŽƌĚŝŶĞфĚŵŶŽƌĚŝŶĞΛŐŵĂŝů͘ĐŽŵх ^ĞŶƚ͗ DŽŶĚĂLJ͕DĂLJϭϴ͕ϮϬϮϬϭϮ͗ϯϳWD dŽ͗ DŝĐŚĂĞůtŽũĐŝŬфǀŽƚĞǁŽũĐŝŬΛŐŵĂŝů͘ĐŽŵх Đ͗ ŝůĚĞƌďĂĐŬ͕DĂƌŬфŵďŝůĚĞƌďĂĐŬΛƌŽĐŚĞƐƚĞƌŵŶ͘ŐŽǀх͖ĂŵƉŝŽŶ͕EŝĐŚŽůĂƐ фEĂŵƉŝŽŶΛƌŽĐŚĞƐƚĞƌŵŶ͘ŐŽǀх͖ŝŶĂŚ&ƌĂŶnjфĚŝŶĂŚ͘ĨƌĂŶnjΛďLJƌŽŶ͘ŬϭϮ͘ŵŶ͘ƵƐх͖,ĞůĞŶDŽŶƐĞĞƐ фŚŵŽŶƐĞĞƐϰϮϱΛŐŵĂŝů͘ĐŽŵх͖:ŽŚŶƐŽŶ͕ŶŶĂůŝƐƐĂфů:ŽŚŶƐŽŶΛƌŽĐŚĞƐƚĞƌŵŶ͘ŐŽǀх͖:ŽůĞŶĞ&ŽŶŐ 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hŶŝƚdLJƉĞƌŽŽŵƐηŽĨhŶŝƚƐ^Ƌ&ƚZĞŶƚhƚŝůŝƚŝĞƐZĞŶƚZĞŶƚ>ŝŵŝƚ/ŶĐŽŵĞ>ŝŵŝƚ ϴϯ ϭZϭ͘ϬϬϱϲϰϲϲϱϭϳϯϰϲϬйDd^WϯϬйDd^W ϴϯ ϭZϭ͘ϬϬϰϲϰϲϲϱϭϳϯϰϲϬйDd^WϯϬйDd^W ϭϬϵ ϮZϭ͘ϬϬϮϬϵϭϮϵϰϳϭ͕ϬϱϲϱϬйDd^WϲϬйDd^W ϭϬϵ ϮZϭ͘ϬϬϭϭϵϭϮϭ͕ϭϱϴϭ͕ϮϲϳϲϬйDd^WϲϬйDd^W dĞŶĂŶƚƐƉĂLJŚĞĂƚ͕ĞůĞĐƚƌŝĐĂŶĚĐŽŽŬŝŶŐ͘ ,ŽƵƐŝŶŐ^ƵƉƉŽƌƚĂƐƐŝƐƚĂŶĐĞŝƐΨϳϯϰƉĞƌŵŽŶƚŚ͘ 3DFNHW3J )D y,//d' ^ŽƵƌĐĞƐĂŶĚhƐĞƐ;ŽŶƐƚƌƵĐƚŝŽŶĂŶĚWĞƌŵĂŶĞŶƚͿ 3DFNHW3J )D ϰƚŚ^ƚ͘ǁŽƌŬŬͺϬϯͲϮϳͲϮϬ ^KhZ ^ dŽƚĂůĞǀĞůŽƉŵĞŶƚŽƐƚĨƌŽŵĞǀĞůŽƉŵĞŶƚŽƐƚƐƚĂď͗Ψϭϭ͕ϮϮϱ͕ϳϱϮ KE^dZhd/KE^KhZ ^ dĞƌŵ ;DŽŶƚŚƐͿZĂƚĞŵŽƵŶƚWĞƌhŶŝƚŽŵŵŝƚƚĞĚ EĂŵĞŽĨ^ŽƵƌĐĞEŽƚĞƐ 'D,&ϰ͘ϮϱϬйϲ͕ϱϬϬ͕ϬϬϬϭϲϮ͕ϱϬϬ Ϭ Ϭ Ϭ Ϭ dŽƚĂůŽŶƐƚƌƵĐƚŝŽŶ&ŝŶĂŶĐŝŶŐϲ͕ϱϬϬ͕ϬϬϬϭϲϮ͕ϱϬϬ W ZDE EdW/d>^KhZ ^K&&hE/E' EŽƚĞƐ dĞƌŵ/ŶĐůƵĚĞŝŶ ; ŶƚĞƌŝŶĨŽĂďŽƵƚƐƚĂƚƵƐĂŶĚ ;zĞĂƌƐͿZĂƚĞŵŽƵŶƚWĞƌhŶŝƚŽŵŵŝƚƚĞĚ,d'ĂƉ ŶĚ>ŽĂŶ EĂŵĞŽĨ^ŽƵƌĐĞ ĞƐƚŝŵĂƚĞĚƚŝŵŝŶŐŽĨĨƵŶĚŝŶŐͿ &ŝƌƐƚDŽƌƚŐĂŐĞϯϬϰ͘ϱϬϬйϮ͕ϰϱϱ͕ϬϬϬϲϭ͕ϯϳϱ 'ĞŶĞƌĂůWĂƌƚŶĞƌĂƐŚϬ ^LJŶĚŝĐĂƚŝŽŶWƌŽĐĞĞĚƐϴ͕ϭϱϭ͕ϳϯϵϮϬϯ͕ϳϵϯ ^ƚĂƚĞ,ŝƐƚŽƌŝĐWƌŽĐĞĞĚƐϬ &ĞĚĞƌĂů,ŝƐƚŽƌŝĐWƌŽĐĞĞĚƐϬ ĞĨĞƌƌĞĚ>ŽĂŶZĞƋƵĞƐƚ Ϭ ^ĂůĞƐdĂdžZĞďĂƚĞϮϲϴ͕ϮϬϱϲ͕ϳϬϱ ŶĞƌŐLJZĞďĂƚĞƐϯϬ͕ϬϬϬϳϱϬ ŽĂůŝƚŝŽŶĨŽƌZŽĐŚĞƐƚĞƌƌĞĂ,ŽƵƐŝŶŐϯϬϬ͘ϬϬϬйϯϮϬ͕ϬϬϬϴ͕ϬϬϬ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ ĞĨĞƌƌĞĚĞǀĞůŽƉĞƌ&ĞĞϴϬϴϮϬ dŽƚĂůWĞƌŵĂŶĞŶƚ&ŝŶĂŶĐŝŶŐϭϭ͕ϮϮϱ͕ϳϱϮϮϴϬ͕ϲϰϰ &hE/E''WZ D/E/E'ϬϬ E tKZ/d/KE>Z Ed>^^/^dE KZKW Zd/E'^h^/z&hE/E' ^ĞĐƵƌĞĚŽƌ K^&ƵŶĚŝŶŐhƐĞƉƉůŝĞĚĨŽƌ dLJƉĞŽĨ^ŽƵƌĐĞEĂŵĞŽĨ^ŽƵƌĐĞdĞƌŵ;zĞĂƌƐͿηŽĨhŶŝƚƐŶŶƵĂůŵŽƵŶƚWĞƌhŶŝƚ Ϭ Ϭ Ϭ Ϭ dŽƚĂůWƌŽƉŽƐĞĚZĞŶƚĂůƐƐŝƐƚĂŶĐĞŽƌKƉĞƌĂƚŝŶŐ^ƵďƐŝĚLJ&ƵŶĚŝŶŐ ϬϬϬ /d/KE>K^d^EKd/E>h /EdKd> s >KWD EdK^d DŝŶŶĞƐŽƚĂ,ŽƵƐŝŶŐϭƐƚDŽƌƚŐĂŐĞ ƐĐƌŽǁZĞƋƵŝƌĞŵĞŶƚƐ ŵŽƵŶƚ KƉĞƌĂƚŝŶŐĞĨŝĐŝƚ ƐĐƌŽǁϬ /ŶƐƵƌĂŶĐĞ ƐĐƌŽǁ dĂdž ƐĐƌŽǁ KƚŚĞƌ KƚŚĞƌ Dy/DhD>>Kt> Z dhZEKE Yh/dz ĞǀĞůŽƉŵĞŶƚƐǁŝƚŚƐLJŶĚŝĐĂƚŝŽŶƉƌŽĐĞĞĚƐϬ ĞǀĞůŽƉŵĞŶƚƐǁŝƚŚŶŽƐLJŶĚŝĐĂƚŝŽŶƉƌŽĐĞĞĚƐϬ ĞǀĞůŽƉŵĞŶƚƐǁŝƚŚĚĞŵŝŶŝŵƵƐĂŵŽƵŶƚŽĨƐLJŶĚŝĐĂƚŝŽŶƉƌŽĐĞĞĚƐϬ DĂŶƵĂů ŶƚƌLJ džƉůĂŝŶ͗ tŽƌŬŬ^ŽƵƌĐĞƐͲWĂŐĞϭŽĨϮ ϯͬϮϳͬϮϬϮϬϮ͗ϰϮWD 3DFNHW3J )D ϰƚŚ^ƚ͘ǁŽƌŬŬͺϬϯͲϮϳͲϮϬ &>KtK&&hE^ /ŶĞĂĐŚĐŽůƵŵŶŽĨƚŚĞ&ůŽǁŽĨ&ƵŶĚƐ͕dŽƚĂůůů^ŽƵƌĐĞƐĂŶĚdŽƚĂůhƐĞƐŵƵƐƚďĞĞƋƵĂů͘ ŵŽƵŶƚƵƌŝŶŐŽŶƐƚ ŶĚŽĨŽŶƐƚ^ƚĂďŝůŝnjĂƚŝŽŶĂƐŚ&ůŽǁŽŵŵĞŶƚ EĂŵĞŽĨ^ŽƵƌĐĞůŽƐŝŶŐ KE^dZhd/KE^KhZ ^ 'D,&ϲ͕ϱϬϬ͕ϬϬϬϱ͕ϵϴϲ͕ϰϬϰ;ϰ͕ϮϬϳ͕ϬϰϯͿ;ϭ͕ϳϳϴ͕ϱϱϯͿ Ϭ Ϭ Ϭ Ϭ ŵŽƵŶƚƵƌŝŶŐŽŶƐƚ ŶĚŽĨŽŶƐƚ^ƚĂďŝůŝnjĂƚŝŽŶĂƐŚ&ůŽǁŽŵŵĞŶƚ W ZDE Ed^KhZ ^ůŽƐŝŶŐ &ŝƌƐƚDŽƌƚŐĂŐĞϮ͕ϰϱϱ͕ϬϬϬϮ͕ϰϱϱ͕ϬϬϬ Ϭ ^LJŶĚŝĐĂƚŝŽŶWƌŽĐĞĞĚƐϴ͕ϭϱϭ͕ϳϯϵϭ͕ϲϯϬ͕ϯϰϴϰ͕ϴϵϭ͕Ϭϰϯϭ͕ϲϯϬ͕ϯϰϴ Ϭ Ϭ Ϭ ^ĂůĞƐdĂdžZĞďĂƚĞϮϲϴ͕ϮϬϱϮϲϴ͕ϮϬϱ ŶĞƌŐLJZĞďĂƚĞƐϯϬ͕ϬϬϬϯϬ͕ϬϬϬ ŽĂůŝƚŝŽŶĨŽƌZŽĐŚĞƐƚĞƌƌĞĂ,ŽƵƐŝŶŐϯϮϬ͕ϬϬϬϭϱϯ͕ϴϰϭϭϲϲ͕ϭϱϵ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ Ϭ ĞĨĞƌƌĞĚĞǀĞůŽƉĞƌ&ĞĞϴϬϴ dŽƚĂůŽŶƐƚƌƵĐƚŝŽŶ^ŽƵƌĐĞƐϲ͕ϱϬϬ͕ϬϬϬ Ϭϱ͕ϵϴϲ͕ϰϬϰ;ϰ͕ϮϬϳ͕ϬϰϯͿ;ϭ͕ϳϳϴ͕ϱϱϯͿϬ dŽƚĂůWĞƌŵ^ŽƵƌĐĞƐϭϭ͕ϮϮϱ͕ϳϱϮ ϭ͕ϳϴϰ͕ϭϴϴϮ͕ϲϮϭ͕ϭϱϵϰ͕ϴϵϭ͕Ϭϰϯϭ͕ϵϮϴ͕ϱϱϯϬ dŽƚĂůůů^ŽƵƌĐĞƐϭϳ͕ϳϮϱ͕ϳϱϮϭ͕ϳϴϰ͕ϭϴϴϴ͕ϲϬϳ͕ϱϲϰϲϴϰ͕ϬϬϬϭϱϬ͕ϬϬϬϬ ŵŽƵŶƚƵƌŝŶŐŽŶƐƚ ŶĚŽĨŽŶƐƚ^ƚĂďŝůŝnjĂƚŝŽŶĂƐŚ&ůŽǁŽŵŵĞŶƚ h^ ^ůŽƐŝŶŐ ĐƋƵŝƐŝƚŝŽŶϱϵϲ͕ϭϴϲϱϵϲ͕ϭϴϲ EĞǁŽŶƐƚƌƵĐƚŝŽŶϳ͕ϯϲϳ͕ϰϲϲϳ͕ϯϲϳ͕ϰϲϲ ZĞŚĂďϬ ŽŶƚƌĂĐƚŽƌ&ĞĞƐϴϴϰ͕ϵϵϵϴϴϰ͕ϵϵϵ ŽŶƚŝŶŐĞŶĐLJϯϯϬ͕ϬϵϵϯϯϬ͕Ϭϵϵ ŶǀŝƌŽŶŵĞŶƚĂůďĂƚĞŵĞŶƚϮϱ͕ϬϬϬϮϱ͕ϬϬϬ WƌŽĨĞƐƐŝŽŶĂů&ĞĞƐ;^ŽĨƚŽƐƚƐͿϲϲϮ͕ϳϬϲϲϲϮ͕ϳϬϲ ĞǀĞůŽƉĞƌ&ĞĞϳϱϬ͕ϬϬϬϭϱϬ͕ϬϬϬϰϱϬ͕ϬϬϬϭϱϬ͕ϬϬϬ ^LJŶĚŝĐĂƚŝŽŶ&ĞĞƐϬ &ŝŶĂŶĐŝŶŐ&ĞĞƐϯϳϱ͕Ϯϵϲϯϳϱ͕Ϯϵϲ ZĞƐĞƌǀĞƐϮϯϰ͕ϬϬϬϮϯϰ͕ϬϬϬ dŽƚĂůhƐĞƐϭϭ͕ϮϮϱ͕ϳϱϮϭ͕ϳϴϰ͕ϭϴϴϴ͕ϲϬϳ͕ϱϲϰϲϴϰ͕ϬϬϬϭϱϬ͕ϬϬϬϬ ŝĨĨĞƌĞŶĐĞ ϬϬϬϬϬ tŽƌŬŬ^ŽƵƌĐĞƐͲWĂŐĞϮŽĨϮ ϯͬϮϳͬϮϬϮϬϮ͗ϰϮWD 3DFNHW3J )D ϰƚŚ^ƚ͘ǁŽƌŬŬͺϬϯͲϮϳͲϮϬĚĞǀĞůŽƉŵĞŶƚĐŽƐƚƐ s >KWD EdK^d^ /ŶƚĞƌͲ ϰйϵй,ŝƐƚŽƌŝĐ ŵĞĚ͘ ƌĞĚŝƚĂƐŝƐƌĞĚŝƚĂƐŝƐƌĞĚŝƚƐĂƐŝƐ dŽƚĂůŽƐƚƐWĞƌhŶŝƚŽŵŵĞŶƚƐ ŽƐƚƐ Yh/^/d/KEŽƌZ &/EE y/^d/E' d >ĂŶĚϱϮϴ͕ϲϴϲϭϯ͕Ϯϭϳ džŝƐƚŝŶŐ^ƚƌƵĐƚƵƌĞƐ ĞŵŽůŝƚŝŽŶϲϳ͕ϱϬϬϭ͕ϲϴϴϲϳ͕ϱϬϬ ĐƋƵŝƐŝƚŝŽŶͬZĞĨŝŶĂŶĐĞ^ƵďƚŽƚĂůϱϵϲ͕ϭϴϲ ϭϰ͕ϵϬϱ ϲϳ͕ϱϬϬ ^ƉĞĐŝĂůƐƐĞƐƐŵĞŶƚƐ KƚŚĞƌ KƚŚĞƌ ,ŽůĚŝŶŐŽƐƚƐ ,ŽůĚŝŶŐŽƐƚƐ ĐƋƵŝƐŝƚŝŽŶͬZĞĨŝŶĂŶĐĞdŽƚĂůϱϵϲ͕ϭϴϲϭϰ͕ϵϬϱϲϳ͕ϱϬϬ KE^dZhd/KE EĞǁŽŶƐƚƌƵĐƚŝŽŶ ZĞƐŝĚĞŶƚŝĂůϲ͕ϱϳϵ͕Ϭϱϰϭϲϰ͕ϰϳϲϲ͕ϱϳϵ͕Ϭϱϰ 'ĂƌĂŐĞƐΨƉĞƌƐƚĂůů͗ ĐĐĞƐƐŽƌLJ^ƚƌƵĐƚƵƌĞƐ KŶ^ŝƚĞtŽƌŬϳϴϴ͕ϰϭϮϭϵ͕ϳϭϬϳϴϴ͕ϰϭϮ KĨĨ^ŝƚĞtŽƌŬ KƚŚĞƌ KƚŚĞƌ EĞǁŽŶƐƚƌƵĐƚŝŽŶ^ƵďƚŽƚĂůϳ͕ϯϲϳ͕ϰϲϲϭϴϰ͕ϭϴϳϳ͕ϯϲϳ͕ϰϲϲ ZĞŚĂďŝůŝƚĂƚŝŽŶ ZĞƐŝĚĞŶƚŝĂů 'ĂƌĂŐĞƐΨƉĞƌƐƚĂůů ĐĐĞƐƐŽƌLJ^ƚƌƵĐƚƵƌĞƐ KŶ^ŝƚĞtŽƌŬ KĨĨ^ŝƚĞtŽƌŬ KƚŚĞƌ KƚŚĞƌ ZĞŚĂďŝůŝƚĂƚŝŽŶ^ƵďƚŽƚĂů EĞǁĂŶĚZĞŚĂďŝůŝƚĂƚŝŽŶ^ƵďƚŽƚĂůϳ͕ϯϲϳ͕ϰϲϲϭϴϰ͕ϭϴϳϳ͕ϯϲϳ͕ϰϲϲ 'ĞŶĞƌĂůZĞƋƵŝƌĞŵĞŶƚƐϳ͘ϰϳйϱϱϬ͕ϬϬϬϭϯ͕ϳϱϬϱϱϬ͕ϬϬϬ ďŽǀĞ^ƚĚ͘ ŽŶƚƌĂĐƚŽƌΖƐKǀĞƌŚĞĂĚϬ͘ϮϬйϭϱ͕ϬϬϬϯϳϱϭϱ͕ϬϬϬ ŽŶƚƌĂĐƚŽƌΖƐWƌŽĨŝƚϰ͘ϯϰйϯϭϵ͕ϵϵϵϴ͕ϬϬϬϯϭϵ͕ϵϵϵ ŽŶƐƚƌƵĐƚŝŽŶŽŶƚƌĂĐƚŵŽƵŶƚϴ͕ϮϱϮ͕ϰϲϱ ϮϬϲ͕ϯϭϮ ϴ͕ϮϱϮ͕ϰϲϱ ŽŶƐƚƌƵĐƚŝŽŶŽŶƚŝŶŐĞŶĐLJϰ͘ϬϬйϯϯϬ͕Ϭϵϵϴ͕ϮϱϮϯϯϬ͕Ϭϵϵ dŽƚĂůŽŶƐƚƌƵĐƚŝŽŶŽƐƚƐϴ͕ϱϴϮ͕ϱϲϰϮϭϰ͕ϱϲϰϴ͕ϱϴϮ͕ϱϲϰ Es/ZKED Ed>d D Ed ^ŽŝůďĂƚĞŵĞŶƚ >ĞĂĚďĂƚĞŵĞŶƚ ƐďĞƐƚŽƐďĂƚĞŵĞŶƚ KƚŚĞƌϮϱ͕ϬϬϬϲϮϱϮϱ͕ϬϬϬ ďĂƚĞŵĞŶƚŽŶƚŝŶŐĞŶĐLJ;ŐĞŶĐLJĚĞƚĞƌŵŝŶĞĚͿ ďĂƚĞŵĞŶƚdŽƚĂůϮϱ͕ϬϬϬϲϮϱϮϱ͕ϬϬϬ tŽƌŬŬĞǀĞůŽƉŵĞŶƚŽƐƚƐͲWĂŐĞϭŽĨϯ ϯͬϮϳͬϮϬϮϬϭ͗ϭϴWD 3DFNHW3J )D ϰƚŚ^ƚ͘ǁŽƌŬŬͺϬϯͲϮϳͲϮϬĚĞǀĞůŽƉŵĞŶƚĐŽƐƚƐ s >KWD EdK^d^ /ŶƚĞƌͲ ϰйϵй,ŝƐƚŽƌŝĐ ŵĞĚ͘ ƌĞĚŝƚĂƐŝƐƌĞĚŝƚĂƐŝƐƌĞĚŝƚƐĂƐŝƐ dŽƚĂůŽƐƚƐWĞƌhŶŝƚŽŵŵĞŶƚƐ ŽƐƚƐ WZK& ^^/KE>& ^ ƌĐŚŝƚĞĐƚΖƐ&ĞĞdŽƚĂůϮϳϮ͕ϯϯϭϯ͘ϯй ƌĐŚŝƚĞĐƚΖƐ&ĞĞͲĞƐŝŐŶϳϱйϮϬϰ͕Ϯϰϵϱ͕ϭϬϲϮϬϰ͕Ϯϰϵ ƌĐŚŝƚĞĐƚΖƐ&ĞĞͲ^ƵƉĞƌǀŝƐŝŽŶϮϱйϲϴ͕Ϭϴϯϭ͕ϳϬϮϲϴ͕Ϭϴϯ ƌĐŚŝƚĞĐƚΖƐZĞŝŵďƵƌƐĞĂďůĞƐϱ͕ϬϬϬϭϮϱϱ͕ϬϬϬ DĂƌŬĞƚŝŶŐϴ͕ϬϬϬϮϬϬ ^ƵƌǀĞLJƐϵ͕ϬϬϬϮϮϱϱ͕ϬϬϬ ^ŽŝůŽƌŝŶŐƐϱ͕ϬϬϬϭϮϱϱ͕ϬϬϬ WĂLJŵĞŶƚΘWĞƌĨŽƌŵĂŶĐĞŽŶĚWƌĞŵŝƵŵϴϯ͕ϮϬϬϮ͕ϬϴϬϴϯ͕ϮϬϬ ƵŝůĚŝŶŐWĞƌŵŝƚ;ƐͿ ^ĞǁĞƌͲtĂƚĞƌĐĐĞƐƐŚĂƌŐĞϰ͕ϮϳϱϭϬϳϰ͕Ϯϳϱ KƚŚĞƌ>ŽĐĂů&ĞĞƐWůĂŶƚ/ŶǀĞƐƚŵĞŶƚ&ĞĞ͕^tDϭϭϴ͕ϳϬϬϮ͕ϵϲϴϭϭϴ͕ϳϬϬ ƉƉƌĂŝƐĂů&ĞĞϵ͕ϬϬϬϮϮϱϲ͕ϬϬϬ ŶĞƌŐLJƵĚŝƚϭϴ͕ϬϬϬϰϱϬϭϴ͕ϬϬϬ ŶĞƌŐLJŽŶƐƵůƚĂŶƚ ŶǀŝƌŽŶŵĞŶƚĂůƐƐĞƐƐŵĞŶƚϱ͕ϬϬϬϭϮϱ ŽƐƚĞƌƚŝĨŝĐĂƚŝŽŶͬƵĚŝƚϭϱ͕ϬϬϬϯϳϱϮ͕ϬϬϬ DĂƌŬĞƚ^ƚƵĚLJϱ͕ϮϬϬϭϯϬϰ͕ϬϬϬ dĂdžƌĞĚŝƚ&ĞĞƐ;йŽĨĐƌĞĚŝƚƐͿϲϱ͕ϬϬϬϭ͕ϲϮϱ ŽŵƉůŝĂŶĐĞ&ĞĞƐ;ϭƐƚLJĞĂƌͿ &ƵƌŶŝƐŚŝŶŐƐĂŶĚ ƋƵŝƉŵĞŶƚϭϬ͕ϬϬϬϮϱϬϭϬ͕ϬϬϬ >ĞŐĂů&ĞĞƐϯϬ͕ϬϬϬϳϱϬϭϬ͕ϬϬϬ ZĞůŽĐĂƚŝŽŶŽƐƚƐ KƚŚĞƌ&ĞĞƐ KƚŚĞƌ&ĞĞƐ KƚŚĞƌ&ĞĞƐ KƚŚĞƌ&ĞĞƐ WƌŽĨĞƐƐŝŽŶĂů&ĞĞƐdŽƚĂůϲϲϮ͕ϳϬϲϭϲ͕ϱϲϴϱϰϯ͕ϱϬϲ s >KW Z& ĞǀĞůŽƉĞƌ&ĞĞϳϱϬ͕ϬϬϬϭϴ͕ϳϱϬϳϱϬ͕ϬϬϬ WƌŽĐĞƐƐŝŶŐŐĞŶƚ KǁŶĞƌΖƐŽŶƐƚƌƵĐƚŝŽŶZĞƉƌĞƐĞŶƚĂƚŝǀĞ KƚŚĞƌŽŶƐƵůƚĂŶƚ&ĞĞƐ KƚŚĞƌ ĞǀĞůŽƉĞƌ&ĞĞdŽƚĂů ϳ͘Ϯй ϳϱϬ͕ϬϬϬϭϴ͕ϳϱϬϳϱϬ͕ϬϬϬ ^zE/dKZͬ/Es ^dKZ& ^ KƌŐĂŶŝnjĂƚŝŽŶ&ĞĞƐ ƌŝĚŐĞ>ŽĂŶ dĂdžKƉŝŶŝŽŶ ƵĞŝůŝŐĞŶĐĞ&ĞĞƐ KƚŚĞƌ&ĞĞƐ ^LJŶĚŝĐĂƚŽƌͬ/ŶǀĞƐƚŽƌ&ĞĞƐdŽƚĂů tŽƌŬŬĞǀĞůŽƉŵĞŶƚŽƐƚƐͲWĂŐĞϮŽĨϯ ϯͬϮϳͬϮϬϮϬϭ͗ϭϴWD 3DFNHW3J )D ϰƚŚ^ƚ͘ǁŽƌŬŬͺϬϯͲϮϳͲϮϬĚĞǀĞůŽƉŵĞŶƚĐŽƐƚƐ s >KWD EdK^d^ /ŶƚĞƌͲ ϰйϵй,ŝƐƚŽƌŝĐ ŵĞĚ͘ ƌĞĚŝƚĂƐŝƐƌĞĚŝƚĂƐŝƐƌĞĚŝƚƐĂƐŝƐ dŽƚĂůŽƐƚƐWĞƌhŶŝƚŽŵŵĞŶƚƐ ŽƐƚƐ &/EE/E'K^d^ ŽŶƐƚƌƵĐƚŝŽŶWĞƌŝŽĚŽƐƚƐ ,ĂnjĂƌĚĂŶĚ>ŝĂďŝůŝƚLJ/ŶƐƵƌĂŶĐĞϮ͕ϬϬϬϱϬϮ͕ϬϬϬ ŽŶƐƚƌƵĐƚŝŽŶ/ŶƚĞƌĞƐƚĂƚ͗ϭϴϬ͕ϬϬϬϰ͕ϱϬϬϭϰϬ͕ϬϬϬ ƵŝůĚĞƌΖƐZŝƐŬ/ŶƐƵƌĂŶĐĞϮϯ͕ϮϵϲϱϴϮϮϯ͕Ϯϵϲ dĂdžĞƐƵƌŝŶŐŽŶƐƚƌƵĐƚŝŽŶϭϬ͕ϬϬϬϮϱϬϱ͕ϬϬϬ DŝŶŶĞƐŽƚĂ,ŽƵƐŝŶŐƌŝĚŐĞ>ŽĂŶKƌŝŐŝŶĂƚŝŽŶ&ĞĞ ŽŶƐƚƌƵĐƚŝŽŶ>ŽĂŶKƌŝŐŝŶĂƚŝŽŶ&ĞĞϲϱ͕ϬϬϬϭ͕ϲϮϱϲϬ͕ϬϬϬ DŝŶŶĞƐŽƚĂ,ŽƵƐŝŶŐŽŶƐƚƌƵĐƚŝŽŶKǀĞƌƐŝŐŚƚ&ĞĞ KƚŚĞƌ/ŶƐƉĞĐƚŝŽŶ&ĞĞϭϱ͕ϬϬϬϯϳϱϭϱ͕ϬϬϬ KƚŚĞƌ WĞƌŵĂŶĞŶƚ&ŝŶĂŶĐŝŶŐŽƐƚƐ DŝŶŶĞƐŽƚĂ,ŽƵƐŝŶŐϭƐƚDŽƌƚŐĂŐĞƉƉůŝĐĂƚŝŽŶ&ĞĞ DŝŶŶĞƐŽƚĂ,ŽƵƐŝŶŐϭƐƚDŽƌƚŐĂŐĞKƌŝŐŝŶĂƚŝŽŶ&ĞĞ ,hͬ&,D/W ,hͬ&, džĂŵ&ĞĞ ,hͬ&,/ŶƐƉĞĐƚŝŽŶ&ĞĞ KƚŚĞƌWĞƌŵĂŶĞŶƚKƌŝŐŝŶĂƚŝŽŶ&ĞĞϮϱ͕ϬϬϬϲϮϱ DŽƌƚŐĂŐĞ/ŶƐƵƌĂŶĐĞWƌĞŵŝƵŵ ŽŶĚ/ƐƐƵĂŶĐĞ&ĞĞ ŽŶĚŽƵŶƐĞů hŶĚĞƌǁƌŝƚĞƌŽƵŶƐĞů dƌƵƐƚĞĞ&ĞĞ ZĂƚŝŶŐŐĞŶĐLJ KƚŚĞƌŽŶĚ&ĞĞƐ dŝƚůĞĂŶĚZĞĐŽƌĚŝŶŐϮϱ͕ϬϬϬϲϮϱϭϱ͕ϬϬϬ KƚŚĞƌŽŶƐƚƌƵĐƚŝŽŶůŽĂŶĨĞĞƐ͕ĂƚƚŽƌŶĞLJϭϬ͕ϬϬϬϮϱϬϳ͕ϬϬϬ KƚŚĞƌ^ŽĨƚĐŽƐƚĐŽŶƚŝŶŐĞŶĐLJϮϬ͕ϬϬϬϱϬϬϭϱ͕ϬϬϬ KƚŚĞƌ &ŝŶĂŶĐŝŶŐŽƐƚƐdŽƚĂůϯϳϱ͕Ϯϵϲϵ͕ϯϴϮϮϴϮ͕Ϯϵϲ dKd>DKZd'' > K^d^ϭϬ͕ϵϵϭ͕ϳϱϮϮϳϰ͕ϳϵϰϭϬ͕ϮϱϬ͕ϴϲϲ Z ^ Zs ^EEKEͲDKZd'' > K^d^ KƉĞƌĂƚŝŶŐZĞƐĞƌǀĞϮϭϵ͕ϬϬϬϱ͕ϰϳϱ ZĞŶƚhƉZĞƐĞƌǀĞϭϱ͕ϬϬϬϯϳϱ EŽŶͲDŽƌƚŐĂŐĞĂďůĞŽƐƚƐdŽƚĂůϮϯϰ͕ϬϬϬϱ͕ϴϱϬ dKd> s >KWD EdK^d dŽƚĂůĞǀĞůŽƉŵĞŶƚŽƐƚƐϭϭ͕ϮϮϱ͕ϳϱϮϮϴϬ͕ϲϰϰ dŽƚĂůĂƐŝƐĨŽƌdĂdžƌĞĚŝƚƐϭϬ͕ϮϱϬ͕ϴϲϲ dŽƚĂů/ŶƚĞƌŵĞĚŝĂƌLJŽƐƚƐ ϭϯ͘ϴϲй ϭ͕ϱϱϱ͕ϴϮϳ йŽĨƚŽƚĂů tŽƌŬŬĞǀĞůŽƉŵĞŶƚŽƐƚƐͲWĂŐĞϯŽĨϯ ϯͬϮϳͬϮϬϮϬϭ͗ϭϴWD 3DFNHW3J )D y,//d'ͲϮ KƉĞƌĂƚŝŶŐĂƐŚ&ůŽǁWƌŽĨŽƌŵĂ 3DFNHW3J 3DFNHW3J )D ϰƚŚ^ƚ͘ǁŽƌŬŬͺϬϯͲϮϳͲϮϬĐĂƐŚĨůŽǁ ϯͬϮϳͬϮϬϮϬϭ͗ϭϳWD ϯϮ͕ϵϯϰϲϬ͕ϱϬϰ ϱϵϰ͕ϯϱϭϭϯ͕ϭϵϱ ϭϯ͕ϭϵϱ ϰϮ͕ϱϮϴ ϰϮ͕ϱϮϴ ϱϰ͕ϳϱϲϭϭϳ͕ϮϮϲϰϴ͕ϰϬϯϯϬ͕ϮϱϮϯϳ͕ϴϭϱϭϵ͕Ϭϱϵϭϴ͕ϬϬϬϯϬ͕ϲϬϬϭϮϯ͕ϰϮϵϮϳ͕ϳϲϬ ϭ͘ϭϳ Ϯϱ͕ϰϴϯ ϭ͘ϭϳ ϯ͕ϬϮϱ ϮϮ͕ϰϱϳ ϱϵϰ͕ϯϱϭϱϲϱ͕Ϭϭϴϰϭϴ͕ϵϰϳϭϰϲ͕Ϭϳϭϭϳϲ͕ϲϳϭϭϱϭ͕ϭϴϴϮϱ͕ϰϴϯ zĞĂƌϭϱ ZĞŶƚ ϰϭ͕ϲϵϰϭϴ͕ϱϬϰ ϭϮ͕ϵϯϲϯϮ͕Ϯϴϴϱϯ͕ϭϲϭϰϲ͕ϵϵϯϮϵ͕ϯϳϭϯϲ͕ϳϭϯϱϴ͕ϳϰϭϭϴ͕ϬϬϬϯϬ͕ϲϬϬϮϳ͕ϳϲϬϮϱ͕ϳϲϴ ϱϴϮ͕ϲϵϳ ϱϴϮ͕ϲϵϳϭϮ͕ϵϯϲϰϭ͕ϲϵϰϱϱϯ͕ϵϯϵ ϭϭϯ͕ϴϭϭ ϭϰϲ͕ϯϱϲϭϳϲ͕ϵϱϲ ϭϮϯ͕ϰϮϵ ϭϱϭ͕ϭϴϴϭ͘ϭϳϮϱ͕ϳϲϴϭ͘ϭϳ Ϯ͕ϵϯϳ ϮϮ͕ϴϯϭ ϰϬϳ͕ϱϴϯ zĞĂƌϭϰ ηhŶŝƚƐ ϰϱ͕ϲϮϰϯϱ͕ϲϰϰ ϱϳϭ͕ϮϳϮϭϮ͕ϲϴϮ ϭϮ͕ϲϴϮ ϰϬ͕ϴϳϳ ϰϬ͕ϴϳϳ ϯϭ͕ϲϱϱϱϭ͕ϲϭϯϭϭϬ͕ϰϵϲϮϴ͕ϱϭϱϭϳ͕ϵϲϱϱϳ͕ϬϯϬϭϴ͕ϬϬϬϯϬ͕ϲϬϬϭϮϯ͕ϰϮϵϮϳ͕ϳϲϬ ϭ͘ϭϳϮϱ͕ϵϰϳ Ϯϱ͕ϵϰϳ ϭ͘ϭϳ Ϯ͕ϴϱϮ Ϯϯ͕Ϭϵϱ ϱϳϭ͕ϮϳϮϱϰϯ͕Ϭϳϴϭϰϲ͕ϱϯϱϭϳϳ͕ϭϯϱϭϱϭ͕ϭϴϴ ϯϵϲ͕ϱϰϯ zĞĂƌϭϯ &ůŽŽƌWůĂŶ ϭϮ͕ϰϯϰ ϰϬ͕Ϭϳϱϯϭ͕ϬϯϱϱϬ͕ϭϬϵϰϰ͕ϮϵϱϮϳ͕ϲϴϱϯϰ͕ϲϬϲϭϳ͕ϰϰϭϱϱ͕ϯϲϵϭϴ͕ϬϬϬϯϬ͕ϲϬϬϮϳ͕ϳϲϬϮϲ͕ϬϮϮ ϱϲϬ͕ϬϳϬ ϱϲϬ͕ϬϳϬϭϮ͕ϰϯϰϰϬ͕ϬϳϱϱϯϮ͕ϰϮϵ ϭϬϳ͕Ϯϳϴ ϯϴϱ͕ϴϭϵϭϰϲ͕ϲϭϬϭϳϳ͕ϮϭϬ ϭϮϯ͕ϰϮϵ ϭϱϭ͕ϭϴϴϭ͘ϭϳϮϲ͕ϬϮϮϭ͘ϭϳ Ϯ͕ϳϲϴ Ϯϯ͕Ϯϱϰ zĞĂƌϭϮ ϭϬϰ͕ϭϱϰ ϱϰϵ͕ϬϴϵϭϮ͕ϭϵϬ ϭϮ͕ϭϵϬ ϯϵ͕ϮϵϬ ϯϵ͕ϮϵϬ ϯϬ͕ϰϮϲϰϴ͕ϲϱϬϰϯ͕ϬϬϱϮϲ͕ϴϳϴϯϯ͕ϱϵϴϭϲ͕ϵϯϯϱϯ͕ϳϱϳϭϴ͕ϬϬϬϯϬ͕ϲϬϬϭϮϯ͕ϰϮϵϮϳ͕ϳϲϬ ϭ͘ϭϳϮϲ͕ϬϬϬ Ϯϲ͕ϬϬϬ ϭ͘ϭϳ Ϯ͕ϲϴϴ Ϯϯ͕ϯϭϮ ϱϰϵ͕ϬϴϵϱϮϭ͕ϵϴϵϯϳϱ͕ϰϬϭϭϰϲ͕ϱϴϴϭϳϳ͕ϭϴϴϭϱϭ͕ϭϴϴ zĞĂƌϭϭ ZĞŶƚ ϭϭ͕ϵϱϭϯϴ͕ϱϭϵϮϵ͕ϴϯϬϰϳ͕Ϯϯϯϰϭ͕ϳϱϯϮϲ͕ϬϵϱϯϮ͕ϲϭϵϭϲ͕ϰϰϬϱϮ͕ϭϵϭϭϴ͕ϬϬϬϯϬ͕ϲϬϬϮϳ͕ϳϲϬϮϱ͕ϴϴϱ ϱϯϴ͕ϯϮϮ ϱϯϴ͕ϯϮϮϭϭ͕ϵϱϭϯϴ͕ϱϭϵϱϭϭ͕ϳϱϰ ϭϬϭ͕ϭϮϬ ϯϲϱ͕Ϯϴϭ ϭϮϯ͕ϰϮϵ ϭϱϭ͕ϭϴϴϭ͘ϭϳϮϱ͕ϴϴϱϭ͘ϭϳ Ϯ͕ϲϭϬ Ϯϯ͕Ϯϳϲ ϭϰϲ͕ϰϳϯϭϳϳ͕Ϭϳϯ zĞĂƌϭϬ ηhŶŝƚƐ ϯϳ͕ϳϲϰϮ͕ϱϯϰ ϱϮϳ͕ϳϲϳϭϭ͕ϳϭϳ ϭϭ͕ϳϭϳϯϳ͕ϳϲϰ Ϯϵ͕Ϯϰϱϰϱ͕ϴϱϳϵϴ͕ϭϳϱϰϬ͕ϱϯϳϮϱ͕ϯϯϱϯϭ͕ϲϲϵϭϱ͕ϵϲϭϱϬ͕ϲϳϭϭϴ͕ϬϬϬϯϬ͕ϲϬϬϭϮϯ͕ϰϮϵϮϳ͕ϳϲϬ ϭ͘ϭϳϮϱ͕ϲϴϮ Ϯϱ͕ϲϴϮ ϭ͘ϭϳϮϯ͕ϭϰϴ ϱϮϳ͕ϳϲϳϱϬϭ͕ϳϮϬϯϱϱ͕ϰϱϬϭϰϲ͕ϮϳϬϭϳϲ͕ϴϳϬϭϱϭ͕ϭϴϴ zĞĂƌϵ &ůŽŽƌWůĂŶ Ϯϱ͕ϯϵϰ ϭϭ͕ϰϴϳϯϳ͕ϬϮϯϮϴ͕ϲϳϭϰϰ͕ϱϮϭϵϱ͕ϯϭϱϯϵ͕ϯϱϲϮϰ͕ϱϵϳϯϬ͕ϳϰϳϭϱ͕ϰϵϲϰϵ͕ϭϵϱϭϴ͕ϬϬϬϯϬ͕ϲϬϬϮϳ͕ϳϲϬ ϱϭϳ͕ϰϭϵ ϱϭϳ͕ϰϭϵϭϭ͕ϰϴϳϰϵϭ͕ϴϴϮϯϰϱ͕ϵϬϬ ϭϮϯ͕ϰϮϵ ϭϱϭ͕ϭϴϴϭ͘ϭϳϮϱ͕ϯϵϰϭ͘ϭϳ Ϯ͕ϰϲϬ ϮϮ͕ϵϯϱ ϯϳ͕ϬϮϯϭϰϱ͕ϵϴϯϭϳϲ͕ϱϴϯ zĞĂƌϴ ϱϬϳ͕Ϯϳϯϭϭ͕ϮϲϮ ϭϭ͕ϮϲϮ ϯϲ͕Ϯϵϳ ϯϲ͕Ϯϵϳ Ϯϴ͕ϭϬϵϰϯ͕ϮϮϱϵϮ͕ϱϯϵϯϴ͕ϮϭϬϮϯ͕ϴϴϭϮϵ͕ϴϱϭϭϱ͕Ϭϰϱϰϳ͕ϳϲϮϭϴ͕ϬϬϬϯϬ͕ϲϬϬϭϮϯ͕ϰϮϵϮϳ͕ϳϲϬ ϭ͘ϭϳϮϱ͕ϬϮϳ Ϯϱ͕ϬϮϳ ϭ͘ϭϳ Ϯ͕ϯϴϴ ϮϮ͕ϲϯϵ ϰϴϮ͕Ϯϯϳϯϯϲ͕ϲϮϮϭϰϱ͕ϲϭϱϭϳϲ͕Ϯϭϱϭϱϭ͕ϭϴϴ ϱϬϳ͕Ϯϳϯ zĞĂƌϳ ZĞŶƚ ϴϵ͕ϴϰϰϮϰ͕ϱϴϰ ϭϭ͕Ϭϰϭϯϱ͕ϱϴϲϮϳ͕ϱϱϴϰϭ͕ϵϲϲϯϳ͕ϬϵϳϮϯ͕ϭϴϱϮϴ͕ϵϴϮϭϰ͕ϲϬϳϰϲ͕ϯϳϭϭϴ͕ϬϬϬϯϬ͕ϲϬϬϮϳ͕ϳϲϬ ϰϵϳ͕ϯϮϳ ϰϵϳ͕ϯϮϳϭϭ͕Ϭϰϭϯϱ͕ϱϴϲϰϳϮ͕ϳϴϮϯϮϳ͕ϲϬϵϭϰϱ͕ϭϳϮϭϳϱ͕ϳϳϮ ϭϮϯ͕ϰϮϵ ϭϱϭ͕ϭϴϴϭ͘ϭϲϮϰ͕ϱϴϰϭ͘ϭϲ Ϯ͕ϯϭϵ ϮϮ͕Ϯϲϲ ηhŶŝƚƐ zĞĂƌϲ ϭϬ͕ϴϮϰ ϰϴϳ͕ϱϳϱ ϭϬ͕ϴϮϰ ϯϰ͕ϴϴϴ ϯϰ͕ϴϴϴ Ϯϳ͕ϬϭϴϰϬ͕ϳϰϯϴϳ͕ϮϮϳϯϲ͕ϬϭϲϮϮ͕ϱϭϬϮϴ͕ϭϯϴϭϰ͕ϭϴϭϰϱ͕ϬϮϬϭϴ͕ϬϬϬϯϬ͕ϲϬϬϭϮϯ͕ϰϮϵϮϳ͕ϳϲϬ ϭ͘ϭϲϮϰ͕ϬϳϬ Ϯϰ͕ϬϳϬ ϭ͘ϭϲ Ϯ͕Ϯϱϭ Ϯϭ͕ϴϭϵ ϰϴϳ͕ϱϳϱϰϲϯ͕ϱϭϭϯϭϴ͕ϴϱϰϭϰϰ͕ϲϱϴϭϳϱ͕Ϯϱϴϭϱϭ͕ϭϴϴ zĞĂƌϱ &ůŽŽƌWůĂŶ ϯϰ͕ϮϬϰ ϭϬ͕ϲϭϮϮϲ͕ϰϴϴϯϵ͕ϱϱϳϴϰ͕ϲϴϲϯϰ͕ϵϲϳϮϭ͕ϴϱϱϮϳ͕ϯϭϴϭϯ͕ϳϲϴϰϯ͕ϳϬϵϭϴ͕ϬϬϬϯϬ͕ϲϬϬϮϳ͕ϳϲϬϮϯ͕ϰϴϳ ϰϳϴ͕Ϭϭϱ ϰϳϴ͕ϬϭϱϭϬ͕ϲϭϮϯϰ͕ϮϬϰϯϭϬ͕ϯϰϴϭϰϰ͕Ϭϳϱϭϳϰ͕ϲϳϱ ϭϮϯ͕ϰϮϵ ϭϱϭ͕ϭϴϴϭ͘ϭϲϮϯ͕ϰϴϳϭ͘ϭϲ Ϯ͕ϭϴϱ Ϯϭ͕ϯϬϭ ϰϱϰ͕ϰϮϯ zĞĂƌϰ ĂƐŚ&ůŽǁͲWĂŐĞϭŽĨϮ ^,&>Kt ϵϰϳϭ͕ϭϱϴ ϭϬ͕ϰϬϰ ϰϲϴ͕ϲϰϮ ϭϬ͕ϰϬϰ ϯϯ͕ϱϯϯϮϱ͕ϵϲϴϯϴ͕ϰϬϱϴϮ͕ϮϮϬϯϯ͕ϵϰϵϮϭ͕ϮϭϴϮϲ͕ϱϮϯϭϯ͕ϯϲϳϰϮ͕ϰϯϲϭϴ͕ϬϬϬϯϬ͕ϲϬϬϭϮϯ͕ϰϮϵϮϳ͕ϳϲϬ ϭ͘ϭϱϮϮ͕ϴϯϵ ϮϮ͕ϴϯϵ ϭ͘ϭϱ Ϯ͕ϭϮϮ ϮϬ͕ϳϭϴ ϰϲϴ͕ϲϰϮϯϯ͕ϱϯϯϯϬϮ͕Ϭϴϱϭϰϯ͕ϰϮϳϭϳϰ͕ϬϮϳϭϱϭ͕ϭϴϴ ϰϰϱ͕ϱϭϯ zĞĂƌϯ ZĞŶƚ ϮϬϭϭ ϭϬ͕ϮϬϬϯϮ͕ϴϳϲϮϱ͕ϰϱϵϯϳ͕Ϯϴϲϳϵ͕ϴϮϱϯϮ͕ϵϲϬϮϬ͕ϲϬϬϮϱ͕ϳϱϬϭϮ͕ϵϳϴϰϭ͕ϮϬϬϭϴ͕ϬϬϬϯϬ͕ϲϬϬϮϳ͕ϳϲϬϮϮ͕ϭϯϭ ϰϱϵ͕ϰϱϯ ϭϬ͕ϮϬϬϯϮ͕ϴϳϲϰϯϲ͕ϳϳϳϮϵϰ͕ϬϱϴϭϰϮ͕ϳϭϵϭϳϯ͕ϯϭϵ ϭϮϯ͕ϰϮϵ ϭϱϭ͕ϭϴϴϭ͘ϭϱϮϮ͕ϭϯϭϭ͘ϭϱ Ϯ͕ϬϲϬ ϮϬ͕Ϭϳϭ ϰϱϵ͕ϰϱϯ ηhŶŝƚƐ zĞĂƌϮ ϰϱϬ͕ϰϰϰ ϭϬ͕ϬϬϬ ϭϬ͕ϬϬϬ ϯϮ͕Ϯϯϭ ϯϮ͕Ϯϯϭ Ϯϰ͕ϵϲϬϯϲ͕ϮϬϬϳϳ͕ϱϬϬϯϮ͕ϬϬϬϮϬ͕ϬϬϬϮϱ͕ϬϬϬϭϮ͕ϲϬϬϰϬ͕ϬϬϬϭϴ͕ϬϬϬϯϬ͕ϲϬϬϭϮϯ͕ϰϮϵϮϳ͕ϳϲϬ ϭ͘ϭϰϮϭ͕ϯϲϱ Ϯϭ͕ϯϲϱ ϭ͘ϭϰ Ϯ͕ϬϬϬ ϭϵ͕ϯϲϱ ϰϱϬ͕ϰϰϰϮϴϲ͕ϮϲϬϭϱϭ͕ϭϴϴ 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dŽƚĂůKƚŚĞƌ/ŶĐŽŵĞ EĞƚZĞŶƚĂů/ŶĐŽŵĞ dĞŵƉŽƌĂƌLJ/ŶĐŽŵĞ dŽƚĂůĞďƚ^ĞƌǀŝĐĞ ZĞĂů ƐƚĂƚĞdĂdžĞƐ dŽƚĂůZĞŶƚĂů>ŽƐƐ džƉĞŶƐĞ/ŶĨůĂƚŽƌ WĂƌŬŝŶŐsĂĐĂŶĐLJ /ŶĐŽŵĞ/ŶĨůĂƚŽƌ WĂƌŬŝŶŐ/ŶĐŽŵĞZĞŶƚĂůsĂĐĂŶĐLJ ZĞŶƚĂů/ŶĐŽŵĞ&ŝƌƐƚDŽƌƚŐĂŐĞ EĞƚĂƐŚ&ůŽǁ d^ Zs/ dŽƚĂůhŶŝƚƐ ĂƐŚ&ůŽǁ yW E^ ^ /ŶƐƵƌĂŶĐĞ ĂƉZĂƚĞ ZĞƐĞƌǀĞƐ /EKD hƚŝůŝƚŝĞƐ KƚŚĞƌ KƚŚĞƌKƚŚĞƌ tŽƌŬŬ KƚŚĞƌKƚŚĞƌKƚŚĞƌKƚŚĞƌ D/W )D dŚƌĞĞZŝǀĞƌƐŽŵŵƵŶŝƚLJĐƚŝŽŶKǀĞƌǀŝĞǁ dŚƌĞĞZŝǀĞƌƐŽŵŵƵŶŝƚLJĐƚŝŽŶ͕/ŶĐ͕͘ŝŶĐŽƌƉŽƌĂƚĞĚŝŶϭϵϲϲ͕ŝƐĂŶŽŶ Ͳ ƉƌŽĨŝƚŚƵŵĂŶ ƐĞƌǀŝĐĞŽƌŐĂŶŝnjĂƚŝŽŶǁŝƚŚĂŵŝƐƐŝŽŶ͞ƚŽǁŽƌŬǁŝƚŚĐŽŵŵƵŶŝƚLJƉĂƌƚŶĞƌƐƚŽĂĚĚƌĞƐƐďĂƐŝĐ ŚƵŵĂŶŶĞĞĚƐŽĨƉĞŽƉůĞŝŶŽƵƌƐĞƌǀŝĐĞĂƌĞĂ͕ƚŚĞƌĞďLJŝŵƉƌŽǀŝŶŐƚŚĞƋƵĂůŝƚLJŽĨůŝĨĞŽĨƚŚĞ ŝŶĚŝǀŝĚƵĂů͕ĨĂŵŝůLJĂŶĚĐŽŵŵƵŶŝƚLJ͘͟WƌŽŐƌĂŵƐĂĚŵŝŶŝƐƚĞƌĞĚďLJdŚƌĞĞZŝǀĞƌƐŝŶĐůƵĚĞ,ĞĂĚ ^ƚĂƌƚ͕^ĞŶŝŽƌdƌĂŶƐƉŽƌƚĂƚŝŽŶ͕,ŽŵĞĞůŝǀĞƌĞĚDĞĂůƐ͕&ĂŵŝůLJ^ĞůĨ^ƵĨĨŝĐŝĞŶĐLJĂŶĚƌŝƐŝƐ WƌŽŐƌĂŵƐ͕WƵďůŝĐdƌĂŶƐƉŽƌƚĂƚŝŽŶ͕^ĞŶŝŽƌ^ĞƌǀŝĐĞƐ͕tĞĂƚŚĞƌŝnjĂƚŝŽŶ͕ ŶĞƌŐLJƐƐŝƐƚĂŶĐĞ͕ dƌĂŶƐŝƚŝŽŶĂů,ŽƵƐŝŶŐ͕ĂŶĚ,ŽƵƐŝŶŐĂŶĚŽŵŵƵŶŝƚLJĞǀĞůŽƉŵĞŶƚ͘ ,ŽƵƐŝŶŐĞǀĞůŽƉŵĞŶƚ džƉĞƌŝĞŶĐĞ >ĞĚďLJ:ĞŶŶŝĨĞƌ>ĂƌƐŽŶ͕dŚƌĞĞZŝǀĞƌƐŚĂƐĞdžƉĞƌŝĞŶĐĞŝŶƐƵĐĐĞƐƐĨƵůůLJůĞǀĞƌĂŐŝŶŐĐŽŵƉůĞdž 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ŝŶĐƌĞĂƐŝŶŐƚŚĞƌĞŐŝŽŶ͛ƐƐƚŽĐŬŽĨĂĨĨŽƌĚĂďůĞǁŽƌŬĨŽƌĐĞŚŽƵƐŝŶŐĂŶĚƉƌĞƐĞƌǀŝŶŐƚŚĞ ƌĞŐŝŽŶ͛ƐƐƚŽĐŬŽĨĨĞĚĞƌĂůůLJĂƐƐŝƐƚĞĚƌĞŶƚĂůŚŽƵƐŝŶŐ͘ dŚĞĂŐĞŶĐLJŚĂƐĞdžƉĞƌŝĞŶĐĞǁŽƌŬŝŶŐǁŝƚŚĂǁŝĚĞĂƌƌĂLJŽĨĨŝŶĂŶĐŝŶŐŵĞĐŚĂŶŝƐŵƐŝŶĐůƵĚŝŶŐ ĨĞĚĞƌĂů>Žǁ/ŶĐŽŵĞ,ŽƵƐŝŶŐdĂdžƌĞĚŝƚƐ͖ĨĞĚĞƌĂůĂŶĚƐƚĂƚĞ,ŝƐƚŽƌŝĐdĂdžƌĞĚŝƚƐ͖EĞǁ DĂƌŬĞƚƐdĂdžƌĞĚŝƚƐ͖,KD ͕'͕ĂŶĚE^WĨƵŶĚƐĨƌŽŵ,h͖ǀĂƌŝŽƵƐƐƚĂƚĞƐŽƵƌĐĞƐ ŝŶĐůƵĚŝŶŐWZ/&ĂŶĚ ,ĚĞĨĞƌƌĞĚůŽĂŶƐ͖ĂŶĚůŽĐĂůƐŽƵƌĐĞƐƐƵĐŚĂƐdĂdž/ŶĐƌĞŵĞŶƚ &ŝŶĂŶĐŝŶŐĂŶĚĞŵƉůŽLJĞƌĂŶĚůŽĐĂůƉŚŝůĂŶƚŚƌŽƉŝĐŐŝĨƚƐ͘^ŽƵƌĐĞƐĨŽƌƌĞŶƚĂůĚĞǀĞůŽƉŵĞŶƚƐ ĂůƐŽŽĨƚĞŶŝŶĐůƵĚĞŵŽƌƚŐĂŐĞĨŝŶĂŶĐŝŶŐĨƌŽŵůŽĐĂůůĞŶĚĞƌƐŽƌƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂ͕ ĚĞĨĞƌƌĞĚůŽĂŶƐĨƌŽŵ'ƌĞĂƚĞƌDŝŶŶĞƐŽƚĂ,ŽƵƐŝŶŐ&ƵŶĚ͕&ĞĚĞƌĂů,ŽŵĞ>ŽĂŶĂŶŬŽĨĞƐ DŽŝŶĞƐĨƵŶĚƐ͕Žƌh^ĞƉĂƌƚŵĞŶƚŽĨŐƌŝĐƵůƚƵƌĞ͛ƐZƵƌĂůĞǀĞůŽƉŵĞŶƚƉƌŽŐƌĂŵ͘ ĂĐŚŽĨ ƚŚĞƐĞƉƌŽŐƌĂŵƐŚĂƐĐŽŵƉůĞdžĂƉƉůŝĐĂƚŝŽŶ͕ĐůŽƐŝŶŐ͕ĂŶĚƌĞƉŽƌƚŝŶŐƌĞƋƵŝƌĞŵĞŶƚƐƚŚĂƚƚŚĞ 3DFNHW3J )D ƐƚĂĨĨĂƚdŚƌĞĞZŝǀĞƌƐĂƌĞĞdžƉĞƌŝĞŶĐĞĚŝŶĂĚŵŝŶŝƐƚĞƌŝŶŐ͘dŚƌĞĞZŝǀĞƌƐŽĨƚĞŶĂƐƐĞŵďůĞƐĂƐ ŵĂŶLJĂƐƚĞŶƐŽƵƌĐĞƐŽŶĂƐŝŶŐůĞƉƌŽũĞĐƚĂŶĚŵĂŶĂŐĞƐƚŚĞĐŽŵƉůĞdžŝŶƚĞƌĂĐƚŝŽŶŽĨƚŚĞ ǀĂƌŝŽƵƐƐŽƵƌĐĞƐƚŚƌŽƵŐŚĐůŽƐŝŶŐĂŶĚĚƵƌŝŶŐĐŽŵƉůŝĂŶĐĞĂŶĚŽŶ Ͳ ŐŽŝŶŐƌĞƉŽƌƚŝŶŐ͘ 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ŽĂůŝƚŝŽŶĨŽƌZŽĐŚĞƐƚĞƌƌĞĂ,ŽƵƐŝŶŐ͕'ƌĞĂƚĞƌ DŝŶŶĞƐŽƚĂ,ŽƵƐŝŶŐ&ƵŶĚ͕ĂŶĚEĂƚŝŽŶĂů ƋƵŝƚLJ &ƵŶĚ;E &ͿʹǁŝƚŚƚĂdžĐƌĞĚŝƚƐĂǁĂƌĚĞĚƚŚƌŽƵŐŚ DŝŶŶĞƐŽƚĂ,ŽƵƐŝŶŐ&ŝŶĂŶĐĞŐĞŶĐLJ͘ &ŽdžWŽŝŶƚĞdŽǁŶŚŽŵĞƐ ŝŶƵƐƚŝŶŝƐĂƚĂdžĐƌĞĚŝƚ ƉƌŽũĞĐƚƚŚĂƚĐŽŶƚĂŝŶƐϯϴƵŶŝƚƐŽĨĂĨĨŽƌĚĂďůĞ ŚŽƵƐŝŶŐĨŽƌĨĂŵŝůŝĞƐ͘dŚŝƐƉƌŽũĞĐƚŝŶĐůƵĚĞƐϰ ƉĞƌŵĂŶĞŶƚƐƵƉƉŽƌƚŝǀĞŚŽƵƐŝŶŐƵŶŝƚƐ͕ǁŝƚŚ WƌŽũĞĐƚĂƐĞĚ^ĞĐƚŝŽŶϴĨŽƌ>ŽŶŐdĞƌŵ ,ŽŵĞůĞƐƐĨĂŵŝůŝĞƐǁŝƚŚdŚƌĞĞZŝǀĞƌƐĂƐƚŚĞŽŶ Ͳ ƐŝƚĞƐĞƌǀŝĐĞƉƌŽǀŝĚĞƌ͘&ŝŶĂŶĐŝŶŐĨŽƌƚŚŝƐƉƌŽũĞĐƚ ŝŶĐůƵĚĞƐůŽĐĂůŐƌĂŶƚĨƵŶĚƐĨƌŽŵhDK^͕d/& ĨƌŽŵƚŚĞŝƚLJŽĨƵƐƚŝŶ͕ĂŐƌĂŶƚĨƌŽŵƚŚĞ ,ŽƌŵĞů&ŽƵŶĚĂƚŝŽŶ͕ĂůĂŶĚĚŽŶĂƚŝŽŶĨƌŽŵƚŚĞ ƵƐƚŝŶ,Z͕ĨƵŶĚŝŶŐĨƌŽŵDŝŶŶĞƐŽƚĂ,ŽƵƐŝŶŐ &ŝŶĂŶĐĞŐĞŶĐLJ͕ĂŶĚtĞůůƐ&ĂƌŐŽ͘ŽŶƐƚƌƵĐƚŝŽŶ ǁĂƐĐŽŵƉůĞƚĞŝŶ^ĞƉƚĞŵďĞƌϮϬϭϵ͘ ϯ 3DFNHW3J )D ŐĂƐƐŝnjdŽǁŶŚŽŵĞƐ ŝŶƌŽŽŬƐƚŽŶŝƐĂƚĂdž ĐƌĞĚŝƚƉƌŽũĞĐƚƚŚĂƚĐŽŶƚĂŝŶƐϯϬƵŶŝƚƐŽĨ ĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐĨŽƌĨĂŵŝůŝĞƐ͘dŚŝƐƉƌŽũĞĐƚ ŝŶĐůƵĚĞƐϰƉĞƌŵĂŶĞŶƚƐƵƉƉŽƌƚŝǀĞŚŽƵƐŝŶŐ ƵŶŝƚƐ͕ǁŝƚŚWƌŽũĞĐƚĂƐĞĚ^ĞĐƚŝŽŶϴ͘dŚƌĞĞ ZŝǀĞƌƐŝƐƚŚĞƉƌŽũĞĐƚ͛ƐĚĞǀĞůŽƉŵĞŶƚ ĐŽŶƐƵůƚĂŶƚĂŶĚdƌŝ Ͳ sĂůůĞLJŽŵŵƵŶŝƚLJ ĐƚŝŽŶŝƐƚŚĞŽǁŶĞƌĂŶĚƐĞƌǀŝĐĞƉƌŽǀŝĚĞƌ͘ &ŝŶĂŶĐŝŶŐĨŽƌƚŚŝƐƉƌŽũĞĐƚŝŶĐůƵĚĞƐůŽĐĂů 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ŵŝdžĞĚƵƐĞĚĞǀĞůŽƉŵĞŶƚŝŶWŝŶĞ/ƐůĂŶĚƚŚĂƚ ŝŶĐůƵĚĞƐĂϮϰ Ͳ ƵŶŝƚĂƉĂƌƚŵĞŶƚďƵŝůĚŝŶŐ͘ tĂnjƵǁĞĞƚĂtŽŽĚƐƉĂƌƚŵĞŶƚƐĐŽŶƚĂŝŶƐĂŵŝdž ŽĨƵŶŝƚƚLJƉĞƐĂŶĚŝŶĐŽŵĞůĞǀĞůƐ͕ĂŶĚďƌŝŶŐƐ ƚŽŐĞƚŚĞƌĂǀĂƌŝĞƚLJŽĨƌĞƐŽƵƌĐĞƐ͕ŝŶĐůƵĚŝŶŐĂŶ D,&ĨŝƌƐƚŵŽƌƚŐĂŐĞ͕ŚĂůůĞŶŐĞ&ƵŶĚƐ͕&ŝƌƐƚ ,ŽŵĞƐ͕'D,&͕dĂdž/ŶĐƌĞŵĞŶƚ&ŝŶĂŶĐŝŶŐ;d/&Ϳ͕ ĂŶĚƉƌŝǀĂƚĞŝŶǀĞƐƚŽƌĞƋƵŝƚLJ͘ ϱ 3DFNHW3J )D dŚĞtĂnjƵǁĞĞƚĂtŽŽĚƐĚĞǀĞůŽƉŵĞŶƚĂůƐŽŝŶĐůƵĚĞƐϯϯƐŝŶŐůĞ Ͳ ĨĂŵŝůLJŚŽŵĞƐƚŚĂƚǁĞƌĞ ĂĨĨŽƌĚĂďůĞƚŽĨĂŵŝůŝĞƐĞĂƌŶŝŶŐĂƐůŝƚƚůĞĂƐΨϭϬ͘ϬϬĂŶŚŽƵƌ͘dŚĞŚŽŵĞƐĂƌĞƉĂƌƚŽĨ&ŝƌƐƚ ,ŽŵĞƐƉƌŽŐƌĂŵ͕ǁŚŝĐŚƉƌŽǀŝĚĞĚŐĂƉĨŝŶĂŶĐŝŶŐƚŽŵĂŶLJďƵLJĞƌƐŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚ͕ĂŶĚ ƉƌŽǀŝĚĞĚĂƵŶŝƋƵĞĨŝŶĂŶĐŝŶŐŽƉƉŽƌƚƵŶŝƚLJďLJƉůĂĐŝŶŐƐĞǀĞƌĂůŽĨƚŚĞŚŽŵĞƐŝŶƚŽƚŚĞ ŽŵŵƵŶŝƚLJ>ĂŶĚdƌƵƐƚ;>dͿ͘dŚĞŚŽŵĞƐǁĞƌĞĐŽŵƉůĞƚĞĂŶĚƐŽůĚďĞƚǁĞĞŶϮϬϬϮĂŶĚ ϮϬϬϱ͘ ĂŐůĞZŝĚŐĞƉĂƌƚŵĞŶƚƐ ŽƉĞŶĞĚ:ƵŶĞϭ͕ϮϬϬϱ͘ ĞǀĞůŽƉĞĚďLJdŚƌĞĞZŝǀĞƌƐ͕ ĂŐůĞZŝĚŐĞŝƐĂŶĞǁ ϰϴ Ͳ ƵŶŝƚŵƵůƚŝĨĂŵŝůLJĂƉĂƌƚŵĞŶƚďƵŝůĚŝŶŐƚŚĂƚ ĂĐĐŽŵŵŽĚĂƚĞƐďŽƚŚŝŶĚŝǀŝĚƵĂůƐĂŶĚĨĂŵŝůŝĞƐĂŶĚ ƐĞƌǀĞƐƚŚŽƐĞǁŝƚŚŝŶĐŽŵĞƐďĞůŽǁϲϬйŽĨƚŚĞ ƌĞĂDĞĚŝĂŶ͘&ŝǀĞŽĨƚŚĞƵŶŝƚƐĂƌĞƐĞƚĂƐŝĚĞĨŽƌ ŚŽƵƐĞŚŽůĚƐĞĂƌŶŝŶŐůĞƐƐƚŚĂŶϯϬйŽĨƚŚĞĂƌĞĂ ŵĞĚŝĂŶŝŶĐŽŵĞƚŚƌŽƵŐŚƚŚĞDZ/&ƉƌŽŐƌĂŵ͘ &ŝŶĂŶĐŝŶŐĨŽƌƚŚĞĚĞǀĞůŽƉŵĞŶƚǁĂƐƉƌŽǀŝĚĞĚďLJ D,&͕'D,&͕ůŽĐĂůĞŵƉůŽLJĞƌƐ͕ZĞĚtŝŶŐ,Z͕ ĂŶĚEĂƚŝŽŶĂůĞǀĞůŽƉŵĞŶƚŽƵŶĐŝů͛ƐĞƋƵŝƚLJĨƵŶĚ͘ dŚĞƐƵĐĐĞƐƐĨƵůƉƌŽũĞĐƚƌĞŵĂŝŶƐĨƵůůLJŽĐĐƵƉŝĞĚ͘ ,ĂƌǀĞƐƚZŝĚŐĞ͕ ĂŵŝdžĞĚ Ͳ ŝŶĐŽŵĞĚĞǀĞůŽƉŵĞŶƚŝŶ WůĂŝŶǀŝĞǁǁĂƐĐŽŵƉůĞƚĞĚŝŶϮϬϬϱ͘,ĂƌǀĞƐƚZŝĚŐĞ ŽĨĨĞƌƐďŽƚŚƐŝŶŐůĞ Ͳ ĨĂŵŝůLJŚŽŵĞŽǁŶĞƌƐŚŝƉĂŶĚŶĞǁ ƌĞŶƚĂůƚŽǁŶŚŽŵĞƐ͘ϮϭƐŝŶŐůĞĨĂŵŝůLJŚŽŵĞƐǁĞƌĞ ďƵŝůƚƵƐŝŶŐĐŽŶƐƚƌƵĐƚŝŽŶƵƐŝŶŐĨƵŶĚƐĨƌŽŵ'ƌĞĂƚĞƌ DŝŶŶĞƐŽƚĂ,ŽƵƐŝŶŐ&ƵŶĚ͘dŚĞϮϰ Ͳ ƵŶŝƚƌĞŶƚĂů ƚŽǁŶŚŽŵĞƉƌŽũĞĐƚǁĂƐĨŝŶĂŶĐĞĚďLJD,&͕'D,&͕ &ŝƌƐƚ,ŽŵĞƐ͕ĂŶĚEĂƚŝŽŶĂůĞǀĞůŽƉŵĞŶƚŽƵŶĐŝů͛Ɛ ĞƋƵŝƚLJĨƵŶĚ͘dŚĞŝƚLJŽĨWůĂŝŶǀŝĞǁŝƐƉƌŽǀŝĚŝŶŐd/& ŽŶƚŚĞĞŶƚŝƌĞĚĞǀĞůŽƉŵĞŶƚ͘ ůŽǀĞƌWĂƚĐŚƉĂƌƚŵĞŶƚƐ /ŶϮϬϬϲ͕dŚƌĞĞZŝǀĞƌƐĐŽŵƉůĞƚĞĚŝŶ^ƚ͘ŚĂƌůĞƐ͕ĂƉƌĞƐĞƌǀĂƚŝŽŶ ĂŶĚƌĞŚĂďŝůŝƚĂƚŝŽŶŽĨϯϮƵŶŝƚƐŽĨĂĨĨŽƌĚĂďůĞƌĞŶƚĂůŚŽƵƐŝŶŐ͘WƌĞƐĞƌǀŝŶŐh^ZƵƌĂů ĞǀĞůŽƉŵĞŶƚĨĞĚĞƌĂůĨƵŶĚƐŝŶƚŚĞƉƌŽũĞĐƚ͕dŚƌĞĞZŝǀĞƌƐƉƵƌĐŚĂƐĞĚƚŚĞƉƌŽũĞĐƚĨƌŽŵĂ ƉƌŝǀĂƚĞŽǁŶĞƌĂŶĚĐŽŶĚƵĐƚĞĚŵŽĚĞƌĂƚĞƌĞŚĂďŝůŝƚĂƚŝŽŶŽŶƚŚĞďƵŝůĚŝŶŐ͘&ƵŶĚŝŶŐĨŽƌƚŚĞ ƉƌŽũĞĐƚĐĂŵĞĨƌŽŵh^ZƵƌĂůĞǀĞůŽƉŵĞŶƚ͕&ŝƌƐƚ,ŽŵĞƐ͕'D,&ĂŶĚD,&͘ ϲ 3DFNHW3J )D dƌĂŝůƐŝĚĞƉĂƌƚŵĞŶƚƐ /ŶĞĐĞŵďĞƌϮϬϬϲ͕dŚƌĞĞZŝǀĞƌƐĐůŽƐĞĚŽŶƚŚĞĂĐƋƵŝƐŝƚŝŽŶŽĨĂŶĚ dŽǁŶŚŽŵĞƐ͕ĂϭϭϬ Ͳ ƵŶŝƚŵŝdžĞĚ Ͳ ŝŶĐŽŵĞƌĞŶƚĂůƉƌŽũĞĐƚŝŶůďĞƌƚ>ĞĂ͘tŝƚŚΨϴ͘ϮŵŝůůŝŽŶ ƌĂŝƐĞĚƚŚƌŽƵŐŚƚĂdžĐƌĞĚŝƚƐ͕ƉƌŝǀĂƚĞďĂŶŬĨŝŶĂŶĐŝŶŐ͕D,&͕'D,&ĂŶĚůŽĐĂůĨƵŶĚŝŶŐ ƐŽƵƌĐĞƐ͕dŚƌĞĞZŝǀĞƌƐĐŽŵƉůĞƚĞĚĂŵĂũŽƌƌĞŚĂďŝůŝƚĂƚŝŽŶŽĨƚŚĞϱϬƐĞŶŝŽƌƵŶŝƚƐĂŶĚϲϬ ƚŽǁŶŚŽŵĞƵŶŝƚƐŝŶϮϬϬϳ͘dŚĞƉƌŽũĞĐƚŝƐĂƌĞŶĞǁĞĚƐŽƵƌĐĞŽĨǁŽƌŬĨŽƌĐĞŚŽƵƐŝŶŐŝŶƚŚĞ ĐŽŵŵƵŶŝƚLJ͕ǁŝƚŚϴϬƵŶŝƚƐŽĨƉƌŽũĞĐƚ Ͳ ďĂƐĞĚƌĞŶƚĂůĂƐƐŝƐƚĂŶĐĞƉƌĞƐĞƌǀĞĚ͘ %HIRUHDQGDIWHUSKRWRVRI7UDLOVLGHWRZQKRPHVLQ$OEHUW/HD ^ŽƵƚŚƐŝĚĞƉĂƌƚŵĞŶƚƐ ŝŶ>ŽŶƐĚĂůĞ͗/ŶĞĐĞŵďĞƌ ϮϬϬϵ͕dŚƌĞĞZŝǀĞƌƐǁŽƌŬĞĚǁŝƚŚh^ZƵƌĂů ĞǀĞůŽƉŵĞŶƚĂŶĚƚŚĞŽǁŶĞƌŽĨ^ŽƵƚŚƐŝĚĞ ƚŽĨĂĐŝůŝƚĂƚĞƚŚĞƚƌĂŶƐĨĞƌŽĨƚŚĞƉƌŽƉĞƌƚLJŝŶŽƌĚĞƌƚŽ ƉƌĞƐĞƌǀĞƚŚĞĨĞĚĞƌĂůĂƐƐŝƐƚĂŶĐĞƚŚĂƚŬĞĞƉƐƌĞŶƚƐ ĂĨĨŽƌĚĂďůĞƚŽůŽǁ Ͳ ŝŶĐŽŵĞƚĞŶĂŶƚƐ͘&ƵŶĚŝŶŐĨŽƌƚŚĞ ϭϮ Ͳ ƵŶŝƚƉƌĞƐĞƌǀĂƚŝŽŶƉƌŽũĞĐƚĐĂŵĞĨƌŽŵh^ZƵƌĂů ĞǀĞůŽƉŵĞŶƚ͕D,&͕'D,&ĂŶĚĂĚŽŶĂƚŝŽŶŽĨ ĞƋƵŝƚLJĨƌŽŵƚŚĞƐĞůůĞƌ͘ ƌŝĚŐĞZƵŶdŽǁŶŚŽŵĞƐ ŝŶĂŶŶŽŶ&ĂůůƐǁĂƐĂĐƋƵŝƌĞĚ ŝŶůĂƚĞϮϬϭϬ͘dŚĞϭϴ Ͳ ƵŶŝƚƌĞŶƚĂůƚŽǁŶŚŽŵĞƉƌŽũĞĐƚ ǁĂƐĨŝŶĂŶĐĞĚǁŝƚŚΨϮ͘ϱŵŝůůŝŽŶĨƌŽŵD,&͕'D,&͕ ƚŚĞ,KD ƌĞŶƚĂůƌĞŚĂďŝůŝƚĂƚŝŽŶƉƌŽŐƌĂŵĂŶĚƚŚĞ ĨĞĚĞƌĂůtĞĂƚŚĞƌŝnjĂƚŝŽŶƉƌŽŐƌĂŵ͘ZĞŶŽǀĂƚŝŽŶƐ ŝŶĐůƵĚĞĚŶĞǁƐŝĚŝŶŐ͕ǁŝŶĚŽǁƐ͕ĞŶĞƌŐLJŝŵƉƌŽǀĞŵĞŶƚƐ͕ ĐĂďŝŶĞƚƐ͕ĂƉƉůŝĂŶĐĞƐĂŶĚŝŶƚĞƌŝŽƌĨŝŶŝƐŚĞƐ͕ĐŽŵƉůĞƚĞĚ ŝŶϮϬϭϭ͘ ϳ 3DFNHW3J )D EŽƌƚŚĂŶĚ^ŽƵƚŚKĂŬ ŝŶEŽƌƚŚĨŝĞůĚ͕DE͗h^ZƵƌĂůĞǀĞůŽƉŵĞŶƚ;ZͿWƌĞƐĞƌǀĂƚŝŽŶ EŽƌƚŚKĂŬĂŶĚ^ŽƵƚŚKĂŬƉĂƌƚŵĞŶƚƐĂƌĞĨĞĚĞƌĂůůLJ Ͳ ĂƐƐŝƐƚĞĚĂĨĨŽƌĚĂďůĞƌĞŶƚĂůŚŽƵƐŝŶŐ ƉƌŽũĞĐƚƐƚŚĂƚǁĞƌĞďƵŝůƚŝŶƚŚĞŵŝĚ Ͳ ϭϵϴϬƐǁŝƚŚh^ZƵƌĂůĞǀĞůŽƉŵĞŶƚ;ZͿĨŝŶĂŶĐŝŶŐ͘ /ŶŽƌĚĞƌƚŽŬĞĞƉƚŚĞƐĞĂĨĨŽƌĚĂďůĞƵŶŝƚƐŝŶƚŚĞZƉƌŽŐƌĂŵ͕dŚƌĞĞZŝǀĞƌƐƐĞĐƵƌĞĚƚĂdž ĐƌĞĚŝƚĨƵŶĚŝŶŐŝŶϮϬϭϱƚŽƉƵƌĐŚĂƐĞƚŚĞƉƌŽƉĞƌƚŝĞƐĂŶĚƉƌĞƐĞƌǀĞƚŚŝƐĐƌŝƚŝĐĂůůLJ Ͳ ŶĞĞĚĞĚ ĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐĐŽŵƉůĞdžĨŽƌƚŚĞEŽƌƚŚĨŝĞůĚĐŽŵŵƵŶŝƚLJ͘ŽŶƐƚƌƵĐƚŝŽŶǁĂƐĐŽŵƉůĞƚĞ ŝŶƐƉƌŝŶŐŽĨϮϬϭϳ͘ ϴ 3DFNHW3J )D dŚƌĞĞZŝǀĞƌƐŽŵŵƵŶŝƚLJĞǀĞůŽƉŵĞŶƚ^ƚĂĨĨ džƉĞƌŝĞŶĐĞ :ĞŶŶLJ>ĂƌƐŽŶ͕ džĞĐƵƚŝǀĞŝƌĞĐƚŽƌ :ĞŶŶLJŝƐƚŚĞ džĞĐƵƚŝǀĞŝƌĞĐƚŽƌĂƚdŚƌĞĞZŝǀĞƌƐŽŵŵƵŶŝƚLJĐƚŝŽŶ͘:ĞŶŶLJǁŽƌŬƐǁŝƚŚ ĐŽŵŵƵŶŝƚŝĞƐůĂƌŐĞĂŶĚƐŵĂůůƚŽƉƌŽǀŝĚĞĐŽŵŵƵŶŝƚLJĚĞǀĞůŽƉŵĞŶƚ͕ŚŽƵƐŝŶŐ͕ ƚƌĂŶƐƉŽƌƚĂƚŝŽŶ͕ĞĂƌůLJĐŚŝůĚŚŽŽĚĞĚƵĐĂƚŝŽŶ͕ĨĂŵŝůLJĂŶĚƐĞŶŝŽƌƐƵƉƉŽƌƚƐĞƌǀŝĐĞƐ͕ĂŶĚ ĞĐŽŶŽŵŝĐŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌŝŶĚŝǀŝĚƵĂůƐĂŶĚĨĂŵŝůŝĞƐ͘WƌŝŽƌƚŽƐƚĂƌƚŝŶŐŚĞƌƌŽůĞĂƐ džĞĐƵƚŝǀĞŝƌĞĐƚŽƌŝŶ:ĂŶƵĂƌLJϮϬϭϳ͕:ĞŶŶLJƐƉĞŶƚϭϱLJĞĂƌƐĂƐƚŚĞŽŵŵƵŶŝƚLJ ĞǀĞůŽƉŵĞŶƚŝƌĞĐƚŽƌĂƚdŚƌĞĞZŝǀĞƌƐ͘/ŶƚŚĂƚƌŽůĞ͕ƐŚĞĚĞǀĞůŽƉĞĚƉƌŽũĞĐƚƐĂĐƌŽƐƐƚŚĞ ŚŽƵƐŝŶŐĐŽŶƚŝŶƵƵŵ͕ŝŶĐůƵĚŝŶŐŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶĂŶĚƉƌĞƐĞƌǀĂƚŝŽŶŽĨƌĞŶƚĂůƚŽǁŶŚŽŵĞƐ͕ ĂƉĂƌƚŵĞŶƚƐ͕ƐŝŶŐůĞĨĂŵŝůLJŚŽŵĞƐ͕ƐƵƉƉŽƌƚŝǀĞŚŽƵƐŝŶŐ͕ĂŶĚĐŽŵŵƵŶŝƚLJůĂŶĚƚƌƵƐƚŚŽŵĞƐ͘ :ĞŶŶLJŚĂƐŽǀĞƌƐĞĞŶƚŚĞƉůĂŶŶŝŶŐ͕ĨƵŶĚŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚŽĨŽǀĞƌϲϱϬƵŶŝƚƐŽĨ ĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐ͕ŐĞŶĞƌĂƚŝŶŐŽǀĞƌΨϳϯŵŝůůŝŽŶŝŶƉƌŝǀĂƚĞĂŶĚƉƵďůŝĐŝŶǀĞƐƚŵĞŶƚŝŶƚŚĞ ƌĞŐŝŽŶ͘^ŚĞĂůƐŽůĂƵŶĐŚĞĚĂĐŽŵƉƌĞŚĞŶƐŝǀĞƐĞƚŽĨŝŶŶŽǀĂƚŝǀĞŚŽŵĞŽǁŶĞƌƐŚŝƉƐĞƌǀŝĐĞƐ ĚĞƐŝŐŶĞĚƚŽŝŶĐƌĞĂƐĞŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌŚŽƵƐĞŚŽůĚƐŽĨĐŽůŽƌĂŶĚ,ŝƐƉĂŶŝĐĞƚŚŶŝĐŝƚLJ͕ĂŶ ŝŶŝƚŝĂƚŝǀĞƚŚĂƚŚĂƐƌĞƐƵůƚĞĚŝŶϰϬϬŶĞǁŚŽŵĞďƵLJĞƌƐŝŶƚŚĞƚĂƌŐĞƚĚĞŵŽŐƌĂƉŚŝĐ͘WƌŝŽƌƚŽ ũŽŝŶŝŶŐdŚƌĞĞZŝǀĞƌƐ͕:ĞŶŶLJǁĂƐƚŚĞŚŝĞĨKƉĞƌĂƚŝŶŐKĨĨŝĐĞƌĂƚ'ƌĞĂƚĞƌDŝŶŶĞƐŽƚĂ ,ŽƵƐŝŶŐ&ƵŶĚ͕ĂƐƚĂƚĞǁŝĚĞŶŽŶƉƌŽĨŝƚŝŶƚĞƌŵĞĚŝĂƌLJĐŽŵŵŝƚƚĞĚƚŽƐƵƉƉŽƌƚŝŶŐƚŚĞĐƌĞĂƚŝŽŶ ŽĨĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐĨŽƌǁŽƌŬŝŶŐĨĂŵŝůŝĞƐƚŚƌŽƵŐŚŽƵƚDŝŶŶĞƐŽƚĂ͘:ĞŶŶLJŚĂƐĂĨƌŽŵ ƌĂŬĞhŶŝǀĞƌƐŝƚLJĂŶĚĂŶDĨƌŽŵƚŚĞhŶŝǀĞƌƐŝƚLJŽĨDŝŶŶĞƐŽƚĂΖƐ,ƵŵƉŚƌĞLJ^ĐŚŽŽůŽĨ WƵďůŝĐĨĨĂŝƌƐ͘^ŚĞŝƐĂůĞĂĚĞƌŝŶƚŚĞŚŽƵƐŝŶŐĨŝĞůĚŝŶDŝŶŶĞƐŽƚĂ͕ƐŝƚƚŝŶŐŽŶŵĂŶLJůŽĐĂůĂŶĚ ƐƚĂƚĞǁŝĚĞŚŽƵƐŝŶŐĐŽŵŵŝƚƚĞĞƐ͘ >ĞĂŚ,Ăůů͕ŽŵŵƵŶŝƚLJĞǀĞůŽƉŵĞŶƚŝƌĞĐƚŽƌ >ĞĂŚũŽŝŶĞĚdŚƌĞĞZŝǀĞƌƐŽŵŵƵŶŝƚLJĐƚŝŽŶŝŶ:ĂŶƵĂƌLJϮϬϭϳĂƐƚŚĞŽŵŵƵŶŝƚLJ ĞǀĞůŽƉŵĞŶƚŝƌĞĐƚŽƌ͘>ĞĂŚǁŽƌŬƐǁŝƚŚĐŽŵŵƵŶŝƚŝĞƐƚŽĐƌĞĂƚĞĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐ ŽƉƉŽƌƚƵŶŝƚŝĞƐĂŶĚŽǀĞƌƐĞĞƐŚŽŵĞďƵLJĞƌͬĨŝŶĂŶĐŝĂůĐŽƵŶƐĞůŝŶŐƐĞƌǀŝĐĞƐ͕ĂƐǁĞůůĂƐƚŚĞ ŶĞƌŐLJWƌŽŐƌĂŵƐĚŝǀŝƐŝŽŶ͘ƚdŚƌĞĞZŝǀĞƌƐ͕>ĞĂŚŚĂƐŽǀĞƌƐĞĞŶƚŚĞĚŝǀŝƐŝŽŶ͛ƐǁŽƌŬŽŶ ŵƵůƚŝƉůĞƚĂdžĐƌĞĚŝƚƌĞŶƚĂůŚŽƵƐŝŶŐĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚƐ͕ĞdžƉĂŶĚĞĚƚŚĞƉĞƌŵĂŶĞŶƚ ƐƵƉƉŽƌƚŝǀĞŚŽƵƐŝŶŐƉƌŽŐƌĂŵ͕ĚĞǀĞůŽƉĞĚŝŶ Ͳ ŚŽƵƐĞĞdžƉĞƌƚŝƐĞŝŶĚĞǀĞůŽƉŝŶŐĂĨĨŽƌĚĂďůĞ ŚŽƵƐŝŶŐƵŶŝƚƐĨŽƌƉĞƌƐŽŶƐǁŝƚŚĚŝƐĂďŝůŝƚŝĞƐ͕ĂŶĚŵĂŶĂŐĞĚƚŚĞƉƌŽũĞĐƚƉůĂŶŶŝŶŐĂŶĚ ƉƌŽũĞĐƚŵĂŶĂŐĞŵĞŶƚƉƌŽĐĞƐƐĞƐĨŽƌĂŶƵŵďĞƌŽĨĐŽŵƉůĞdžŵƵůƚŝ Ͳ ĨĂŵŝůLJƉƌŽũĞĐƚƐ͘WƌŝŽƌƚŽ ũŽŝŶŝŶŐdŚƌĞĞZŝǀĞƌƐ͕ƐŚĞŵĂŶĂŐĞĚ,ŽƵƐŝŶŐĞǀĞůŽƉŵĞŶƚ͕,ŽŵĞŽǁŶĞƌƐŚŝƉͬ&ŽƌĞĐůŽƐƵƌĞ WƌĞǀĞŶƚŝŽŶ͕WƌŽƉĞƌƚLJDĂŶĂŐĞŵĞŶƚ͕,ŽŵĞůĞƐƐͬƌŝƐŝƐ,ŽƵƐŝŶŐ͕ĂŶĚWĞƌŵĂŶĞŶƚ ^ƵƉƉŽƌƚŝǀĞ,ŽƵƐŝŶŐĨŽƌƚŚĞƌƌŽǁŚĞĂĚ ĐŽŶŽŵŝĐKƉƉŽƌƚƵŶŝƚLJŐĞŶĐLJ; KͿŝŶƌƵƌĂů EŽƌƚŚĞĂƐƚDŝŶŶĞƐŽƚĂ͘ƵƌŝŶŐŚĞƌϵLJĞĂƌƐĂƚ K͕>ĞĂŚĚĞǀĞůŽƉĞĚĐƌĞĂƚŝǀĞŚŽƵƐŝŶŐ 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[[1120,2087,1137,2144][12][,I,][Arial]] [[1137,2087,1564,2144][12][,I,][Arial]]WLPHRUUHJXODUSDUW [[1562,2087,1579,2144][12][,I,][Arial]] [[1579,2087,2096,2144][ 12][,I,][Arial]]WLPHVHUYLFHZLWKWKH&L [[2096,2087,2136,2144][12][,I,][Arial]]W\ [[2135,2087,2323,2144][12][,I,][Arial]]H[FHSW WKRVHZKRDUHGLVFKDUJHGIRUFDXVHVKDOOFRQYHUWIRUW\SHUFHQW RIWKHHPSOR\HH¶V [[315,2202,860,2259][12][,I,][Arial]]ILUVWWZHOYHKXQGUHG [[861,2202,2309,2259][12][,I,][Arial]] KRXUVRIDFFXPXODWHGEXWXQXVHGVLFNOHDYHEDODQFHXSRQVHS [[315,2260,2320,2317][12][,I,][Arial]]DUDWLRQRIHPSOR\PHQW7KLVDPRXQWVKDOOEHGHSRVLWHGLQWRDQLQGLYLGXDO0LQQHVRWD6WDWH [[315,2317,2308,2374][12][,I,][Arial]]5HWLUHPHQW6\VWHP 0656 +HDOWK&DUH6DYLQJV3ODQ +&63 DQGFDOFXODWHGDWWKHHP SOR\HH¶VUHJXODUUDWHR[[810,2375,1425,2432][12][,I,][Arial]]ISD\DWWLPHRIVHSDUDWLRQ [[1427,2375,1440,2432][12][,I,][Arial]] [[315,2432,328,2489][12][,I,][Arial]] [[315,2490,329,2547][12][,I,][Arial]], [[329,2490,349,2547][12][,I,][Arial]]I [[343,2490,383,2547][12][,I,][Arial]]Q [[382,2490,553,2547][12][,I,][Arial]]FDVHRI [[552,2490,1203,2547][12][,I,][Aria l]]DQDFWLYHHPSOR\HHEHFRPHV [[1202,2490,1443,2547][12][,I,][Arial]]SHUPDQHQW [[1441,2490,1479,2547][12][,I,][Arial]]O\ [[1477,2490,1490,2547][12][,I,][Arial]] [[1488,2490,1606,2547][12][,I,][Aria l]]GLVDE [[1608,2490,1676,2547][12][,I,][Arial]]OHG [[1675,2490,1749,2547][12][,I,][Arial]]LOLW\ [[1747,2490,2323,2547][12][,I,][Arial]]DVGHWHUPLQHGE\3(5$ [[315,2547,808,2604][12][,I,][Arial]]RIDQDFWLYHHPSOR\HH [[808,2547,1598,2604][12][,I,][Arial]]ZLWKWHQ FRQWLQXRXV\HDUVRIIXOO [[1597,2547,1614,2604][12][,I,][Arial]] [[1613,2547,2031,2604][12][,I,][Arial]]WLPHRUUHJXODUSDUW [[2030,2547,2047,2604][12][,I,][Arial]] [[2046,2547,2322,2604][12][,I,] [Arial]]WLPHVHUYLFH [[315,2605,589,2662][12][,I,][Arial]]ZLWKWKH&LW\ [[588,2605,2322,2662][12][,I,][Arial]]DQDPRXQWHTXDOWRRQHKXQGUHGSHUFHQW RIXQXVHGVLFNOHDYHZLOOEH [[315,2662,2320,2719][12][,I,][Arial]]GHSRVLWHGLQD0656+HDOWK&DUH6DYLQJV3ODQIRUWKHXVHRIWKHHPSOR\HHDVJRYHUQHG [[315,2720,2320,2777][12][,I,][Arial]]E\0656UXOHV,QFDVHRIWKHGHDWKRIDQDFWLYHHPSOR\HHZKRKDVDGHSHQGHQW V DQ [[315,2777,521,2834][12][,I,][Arial]]DPRXQWH [[523,2777,2321,2834][12][,I,][Arial]]TXDOWRRQHKXQGUHGSHUFHQW RIWKHXQXVHGVLFNOHDYHEDODQFHZLOOEHSDLG [[315,2835,1995,2892][12][,I,][Arial]]LQFDVK OHVVUHTXLUHG6WDWHDQG)HGHUDOZLWKKROGLQJV WRWKHGHSHQGHQW V [[1997,2835,2010,2892][12][,I,][Arial]] $UWLFOH,QVXUDQF H6HFWLRQ%XSGDWHWKH&LW\¶VFRQWULEXWLRQWRKHDOWKLQVXUDQFHPRQWKO\ SUHPLXPDVIROORZV ,82(3DUNVDQG5HFUHDWLRQ3DJH 3DFNHW3J )D [[390,238,903,295][12][,I,][Arial]]%DVLF0HGLFDO3ODQ7LHU [[898,238,911,295][12][,I,][Arial]] [[990,238,1016,295][12][,I,][Arial]] [[1017,238,1030,295][12][,I,][Arial]] [[1140,238,1206,295][12][ ,I,][Arial]] [[1207,238,1625,295][12][,,][FEF827E384D]]&LW\¶V0RQWKO\&RVW [[1623,238,1636,295][12][,I,][Arial]] [[390,295,724,352][12][,I,][Arial]](PSOR\HH2QO\ [[721,295,734,352][12][,I,][Arial]] [[840,295,853,352][12][,I,][Arial]] [[990,295,1003,352][12][,I,][Arial]] [[1140,295,1153,352][12][,I,][Arial]] [[1290,295,1303,352][12][,I,][Arial]] [[1304,295,1443,352][12][,I,][Arial]] [[1442,295,1455,352][12][,I,][Arial]] [[390,353,828,410][12][,I,][Arial]](PSOR\HH6SRXVH [[829,353,842,410][12][,I,][Arial]] [[840,353,853,410][12][,I,][Arial]] [[990,353,1003,410][12][,I,][Arial]] [[1140,353,1206,410][12][,I,][Aria l]] [[1207,353,1220,410][12][,I,][Arial]] [[1290,353,1303,410][12][,I,][Arial]] [[1304,353,1443,410][12][,I,][Arial]] [[1442,353,1455,410][12][,I,][Arial]] [[390,410,876,467][12][,I,][Arial]](PSOR\HH&KLOG UHQ [[876,410,889,467][12][,I,][Arial]] [[990,410,1003,467][12][,I,][Arial]] [[1140,410,1153,467][12][,I,][Arial]] [[1290,410,1369,467][12][,I,][Arial]] [[1370,410,1383,467][12][,I,][Arial]] [[1440,410,1578,467][12][,I,][Arial]] [[1579,410,1592,467][12][,I,][Arial]] [[390,468,536,525][12][,I,][Arial]])DPLO\ [[534,468,547,525][12][,I,][Arial]] [[540,468,553,525][12][,I,][Arial]] [[690,468,703,525][12][,I,][Arial]] [[840,468,853,525][12][,I,][Arial]] [[990,468,1003,525][12][,I,][Arial]] [[1140,468,1219,525][12][,I,][Arial]] [[1220,468,1233,525][12][,I,][Arial]] [[1290,468,1428,525][12][,I,][Arial]] [[1429,468,1442,525][12][,I,][Aria l]] [[390,525,403,582][12][,I,][Arial]] [[390,583,490,640][12][,I,][Arial]]+LJK [[491,583,508,640][12][,I,][Arial]] [[507,583,1028,640][12][,I,][Arial]]'HGXFWLEOH0HGLFDO3ODQ [[1029,583,1042,640][12][,I,][Arial]] [[390,640,724,697][12][,I,][Arial]](PSOR\HH2QO\ [[721,640,734,697][12][,I,][Arial]] [[840,640,853,697][12][,I,][Arial]] [[990,640,1003,697][12][,I,][Arial]] [[1140,640,1153,697][12][,I,][Arial]] [[1290,640,1428,697][12][,I,][Arial]] [[1429,640,1442,697][12][,I,][Arial]] [[390,698,662,755][12][,I,][Arial]](PSOR\HH [[663,698,828,755][12][,I,][Arial]]6SRXVH [[829,698,842,755][12][,I,][Arial]] [[840,698,853,755][12][,I,][Arial]] [[990,698,1003,755][12][,I,][Arial]] [[1140,698,1219,755][12][,I,][Arial]] [[1220,698,1233,755][12][,I,][Arial]] [[1290,698,1428,755][12][,I,][Arial]] [[1429,698,1442,755][12][,I,][Arial]] [[390,755,876,812][12][,I,][Arial]](PSOR\HH&KLOG UHQ [[876,755,889,812][12][,I,][Arial]] [[990,755,1003,812][12][,I,][Arial]] [[1140,755,1153,812][12][,I,][Arial]] [[1290,755,1369,812][12][,I,][Arial]] [[1370,755,1383,812][12][,I,][Arial]] [[1440,755,1578,812][12][,I,][Arial]] [[1579,755,1592,812][12][,I,][Arial]] [[390,813,536,870][12][,I,][Arial]])DPLO\ [[534,813,547,870][12][,I,][Arial]] [[540,813,553,870][12][,I,][Arial]] [[690,813,703,870][12][,I,][Arial]] [[840,813,853,870][12][,I,][Arial]] [[990,813,1003,870][12][,I,][Arial]] [[1140,813,1219,870][12][,I,][Arial]] [[1220,813,1233,870][12][,I,][Arial]] [[1290,813,1428,870][12][,I,][Arial]] [[1429,813,1442,870][12][,I,][Aria l]] [[240,870,253,927][12][,I,][Arial]] [[581,931,866,988][12][,I,][Arial]]0HGLFDO3ODQ [[867,931,880,988][12][,I,][Arial]] [[1209,931,1733,988][12][,,][FEF827E384D]]&LW\¶V0RQWKO\3UHPLXP [[1734,931,1747,988][12][,I,][Arial]] [[1748,931,2017,988][12][,I,][Arial]]&RQWULEXWLRQ [[2018,931,2042,988][12][,I,][Arial]] [[2037,931,2050,988][12][,I,][Arial]] [[414,994,940,1051][12][,I,][Arial]]%DVLF0HGLFDO3ODQ7LHU [[937,994,950,1051][12][,I,][Arial]] [[1079,994,1396,1051][12][,I,][Arial]](IIHFWLYH [[1396,994,1409,1051][12][,I,][Arial]] [[1454,994,1770,1051][12][,I,][Arial]](IIHFWLYH [[1771,994,1784,1051][12][,I,][Arial]] [[1829,994,2146,1051][12][,I,][Arial]](IIHFWLYH [[2146,994,2159,1051][12][,I,][Arial]] [[414,1058,769,1115][12][,I,][Arial]](PSOR\HH2QO\ [[767,1058,780,1115][12][,I,][Arial]] [[1159,1058,1328,1115][12][,I,][Arial]] 6,1496][12][,I,][Arial]] [[1159,1439,1328,1496][12][,I,][Arial]] )D [[315,180,2321,237][12][,I,][Arial]]JUDQWHGWLPHRIIDVQHHGHGLQWKHHYHQWRIDGHDWKLQWKHLPPHGLDWHIDPLO\EXWQRWWRH[FHHG [[315,238,2320,295][12][,I,][Arial]]WKUHH GD\VRIIZLWKSD\DQGQRWEHFRXQWHGDJDLQVWYDFDWLRQRUVLFNOHDYH,PPHGLDWH [[315,295,966,352][12][,I,][Arial]]IDPLO\VKDOOEHGHILQHGDVWKH [[967,295,2311,352][12][,,][FEF827E384D]]HPSOR\HH¶VVSRXVHDQGHPSOR\HH¶VVSRXVH¶VFKLOGUHQEURWK [[315,353,595,410][12][,I,][Arial]]HUVEURWKHUV [[596,353,613,410][12][,I,][Arial]] [[612,353,650,410][12][,I,][Arial]]LQ [[651,353,668,410][12][,I,][Arial]] [[668,353,1086,410][12][,I,][Arial]]OD ZVLVWHUVVLVWHUV [[1087,353,1104,410][12][,I,][Arial]] [[1103,353,1141,410][12][,I,][Arial]]LQ [[1142,353,1159,410][12][,I,][Arial]] [[1159,353,2201,410][12][,I,][Arial]]ODZSDUHQWVJUDQGSDUHQ WVJUDQGFKLOGUHQVWHS [[2203,353,2220,410][12][,I,][Arial]] [[2219,353,2310,410][12][,I,][Arial]]FKLO [[315,410,867,467][12][,I,][Arial]]GUHQDQGOHJDOJXDUGLDQ [[868,410,881,467][12][,I,][Arial]] $UWLFOH7HUPPRGLI\WRUHIOHFWDWKUHH\HDUDJUHHPHQWIRU [[315,640,385,697][12][,I,][Arial]]7KL [[385,640,1503,697][12][,I,][Arial]]V$JUHHPHQWVKDOOEHLQHIIHFWIURP-DQXDU\ [[1504,640,1559,697][12][,I,][Arial]] [[1560,640,1617,697][12][,I,][Aria l]]6DIHW\6HFWLRQ$PRGLI\DVIROORZVWRUHIOHFWDQDQQXDOSURUDWLRQIRUHPSOR\HHV OHDYLQJSULRUWRWKHHQGRIWKHFRQWUDFWF\FOHDQGLQFUHDVHWKHVDIHW\UHLPEXUVHPHQWWR )D [[315,180,363,237][12][,I,][Arial]]' [[364,180,377,237][12][,I,][Arial]] [[390,180,2323,237][12][,I,][Arial]]$OOJHQHUDOZDJHJULGDGMXVWPHQWVZLOOEHHIIHFWLYHWKHILUVWIXOOSD\SHULRGRI-DQXDU\ IRUDOO [[390,238,708,295][12][,I,][Arial]]FRQWUDFW\HDUV [[709,238,722,295][12][,I,][Arial]] [[315,295,328,352][12][,I,][Arial]] [[315,353,361,410][12][,I,][Arial]]$ [[362,353,375,410][12][,I,][Arial]] [[390,353,2321,410][12][,I,][Arial]]1HZKLUHVQRUPDOO\VWDUWDWQLQHW\SHUFHQW RIWKHKRXUO\UDWH$IWHUVL[ PRQWKV [[390,410,525,467][12][,I,][Arial]]QLQHW\ [[524,410,541,467][12][,I,][Arial]] [[541,410,2321,467][12][,I,][Arial]]ILYHSHUFHQW RIWKHKRXUO\UDWHLVSDLGDQGDIWHURQH \HDUWKHIXOOKRXUO\ [[390,468,647,525][12][,I,][Arial]]UDWHLVSDLG [[649,468,662,525][12][,I,][Arial]] [[315,525,328,582][12][,I,][Arial]] [[315,583,361,640][12][,I,][Arial]]$ [[363,583,409,640][12][,I,][Arial]]( [[410,583,423,640][12][,I,][Arial]] 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[[1649,870,1685,927][12][,I,][Arial]]7 [[1680,870,1693,927][12][,I,][Arial]] [[1696,870,1938,927][12][, I,][Arial]]WKHSURPRW [[1937,870,2323,927][12][,I,][Arial]]HGHPSOR\HHZLOO [[390,928,672,985][12][,I,][Arial]]EHSODFHGLQ [[674,928,903,985][12][,I,][Arial]]LRQFDUULHV [[904,928,917,985][12][,I,][Arial]] [[918,928,1095,985][12][,I,][Arial]]DVL[ [[1096,928,1113,985][12][,I,][Arial]] [[1113,928,1737,985][12][,I,][Arial]]PRQWKSUREDWLRQDU\SHULRG [[1738,928,1751,985][12][,I,][Arial]] [[315,985,328,1042][12][,I,][Arial]] [[315,1043,358,1100][12][,I,][Arial]]) [[360,1043,373,1100][12][,I,][Arial]] [[390,1043,472,1100][12][,I,][Arial]])XOO [[471,1043,488,1100][12][,I,][Arial]] [[487,1043,2321,1100][12][,I,][Arial]]W LPHHPSOR\HHVUHJXODUO\DVVLJQHGWRWKHSRVLWLRQVRIJROIFRXUVHVXSHULQWHQGHQWV [[390,1100,641,1157][12][,I,][Arial]]PHFKDQLFV [[651,1100,2321,1157][12][,I,][Arial]]DQGXWLOLW\PDLQWHQDQFHZRUNHUVZKRSURYLGHWKHLURZQWRROVHTXLSPHQW [[390,1158,1656,1215][12][,I,][Arial]]VKDOOEHUHLPEXUVHGILYHKXQGUHGGROODUV SHUFR [[1658,1158,1940,1215][12][,,][FEF827E384D]]QWUDFW\HDU« [[1944,1158,1985,1215][12][,I,][Arial]] [[1986,1158,1999,1215][12][,I,][Arial]] [[315,1215,328,1272][12][,I,][Arial]] [[315,1273,367,1330][12][,I,][Arial]]* [[368,1273,381,1330][12][,I,][Arial]] [[390,1273,2230,1330][12][,I,][Arial]](PSOR\HHVVKDOOEHSDLGIRUDOOKRXUVZRUNHGEH\RQGWZRWKRXVDQGHLJKW\ [[2233,1273,2246,1330][12][,I,][Arial]] [[315,1330,328,1387][12][,I,][Arial]] [[315,1388,363,1445][12][,I,][Arial]]+ [[365,1388,378,1445][12][,I,][Arial]] [[390,1388,1006,1445][12][,I,][Arial]]7KH&LW\ZLOOPDNHDRQH [[1004,1388,2321,1445][12][,I,][Arial]] WLPHSD\PHQWRIVL[W\GROODUV WRDQ\/RFDO [[390,1445,2321,1502][12][,I,][Arial]]HPSOR\HHZRUNLQJLQ3DUNVDQG5HFUHDWLRQRUWKH0D\R&LYLF&HQWHUZKRVHSRVLWLRQ UHTXLUHVD&RPPHUFLDO'ULYHU¶V/LFHQVH &'/ DVGHWHUPLQHG[[1741,1503,1767,1560][12][,I,][Arial]] [[1769,1503,1837,1560][12][,I,][Arial]] [[1838,1503,1851,1560][12][,I,][Arial]] $UWLFOH /LPLWHG$SSRLQWPHQWGLVFXVVLRQFKDQJHWKHPD[LPXPKRXUO\OLPLWDQGSD\ UDWHVDVIROORZV [[315,1790,2320,1847][12][,I,][Arial]])RUWKHSXUSRVHRIWKLV$JUHHPHQWHPSOR\HHVKLUHGRQDOLPLWHGDSSRLQWPHQWZRUNLQJXS [[315,1848,369,1905][12][,I,][Arial]]WR [[375,1848,683,1905][12][,I,][Arial]]RQHWKRXVDQG [[682,1848,749,1905][12][,I,][Arial]]HLJ [[749,1848,792,1905][12][,I,][Arial]]KW [[791,1848,804,1905][12][,I ,][Arial]] [[808,1848,993,1905][12][,I,][Arial]]KXQGUHG [[992,1848,1005,1905][12][,I,][Arial]] [[1010,1848,1030,1905][12][,I,][Arial]] [[1027,1848,1054,1905][12][,I,][Arial]] [[1055,1848,1068,1905][12][,I,][Arial]] [[1068,1848,1096,1905][12][,I,][Arial]] [[1096,1848,1124,1905][12][,I,][Arial]] [[1124,1848,2322,1905][12][,I,][Ar ial]] KRXUVRIDQ\\HDUVKDOOEHH[FOXGHGIURPEHQHILW [[315,1905,782,1962][12][,I,][Arial]]SURYLVLRQVRIWKLV$JU [[779,1905,2322,1962][12][,I,][Arial]]HHPHQW6DLGHPSOR\HHVVKDOOQRWEHHOLJLEOHIRULQVXUDQFHYDFDWLRQ [[315,1963,2320,2020][12][,I,][Arial]]VLFNOHDYHKROLGD\VDQGRWKHUEHQHILWSURYLVLRQVFRQWDLQHGLQWKLV$JUHHPHQW%HJLQQLQJ [[315,2020,514,2077][12][,I,][Arial]]GD\VL[W\ [[513,2020,530,2077][12][,I,][Arial]] [[529,2020,1250,2077][12][,I,][Arial]]HLJKW RIHDFKFDOHQGDU\HDU [[1247,2020,1260,2077][12][,I,][Arial]] [[1261,2020,1274,2077][12][,I,][Arial]] [[1277,2020,1935,2077][12][,I,][Arial]]VDLGHPSOR\HHVVKDOOUHFHLYH [[1940,2020,2310,2077][12 ][,I,][Arial]]DUDWHRISD\HV [[315,2078,431,2135][12][,I,][Arial]]WDEOLV [[432,2078,2320,2135][12][,I,][Arial]]KHGE\PDQDJHPHQWWKDWPD\QRWH[FHHGHLJKW\SHUFHQW RIWKHUDWHRISD\ [[315,2135,580,2192][12][,I,][Arial]]HVWDEOLVKHG [[579,2135,1023,2192][12][,I,][Arial]]IRU*UDGH6WHS$ [[1022,2135,1418,2192][12][,I,][Arial]]WKHFRUUHVSRQGLQJ [[1418,2135,1431,2192][12][,I,][ Arial]] [[1429,2135,1644,2192][12][,I,][Arial]]ZDJHUDWH [[1646,2135,1659,2192][12][,I,][Arial]] [[1656,2135,1925,2192][12][,I,][Arial]]QRWHGEHORZ [[1923,2135,1946,2192][12][,I,][Arial]] [[1944,2135,2322,2192][12][,I,][Arial]]IRUKRXUVZRUNHG [[315,2193,439,2250][12][,I,][Arial]]XSWR [[441,2193,551,2250][12][,I,][Arial]]HLJKW [[549,2193,562,2250][12][,I,][Arial]] [[563,2193,780,2250][12][,I,][Arial]]KXQGUHG [[777,2193,805,2250][12][,I,][Arial]] [[805,2193,1029,2250][12][,I,][Arial]] KRXUV [[1030,2193,1056,2250][12][,I,][Arial]] [[1058,2193,1071,2250][12][,I,][Arial]] [[315,2250,328,2307][12][,I,][Arial]] [[390,2308,693,2365][12][,I,][Arial]]-DQXDU\ [[694,2308,751,2365][12][,I,][Arial]] [[1258,2595,1271,2652][12][B,I,][Arial]] [[1271,2595,1284,2652][12][,,][Arial]] $GGHQGXPV$DQG%GHOHWHERWKDGGHQGXPHQWLUHO\DQGUHSODFHZLWKDQHZZDJHJULGZKLFK UHIOHFWVDJHQHUDOZDJHLQFUHDVHRILQDQGDQGD )D [[1217,181,1230,238][12][B,I,][Arial]] [[697,238,1246,295][12][B,I,][Arial]],][Arial]] [[1823,813,1836,870][12][,I,][Arial]] [[1354,870,1367,927][12][,I,][Arial]] [[1517,870,1672,927][12][,I,][Arial]] )D [[1038,181,1396,238][12][B,I,][Arial]] [[413,813,426,870][12][B,I,][Arial]] [[1359,813,1372,870][12][,I,][Arial]] [[1594,813,1607,870][12][,I,][Arial]] [[1922,813,1935,870][12][,I,][Arial]] [[1359,870,1372,927][12][,I,][Arial]] [[1517,870,1669,927][12][,I,][Arial]] )D [[710,181,1259,238][12][B,I,][Arial]]+RXUO\3D\5DWHV [[1260,181,1277,238][12][B,I,][Arial]] [[1277,181,1290,238][12][B,I,][Arial]] [[1291,181,1729,238][12][B,I,][Arial]]0D\R&LYLF&HQWHU [[1724,181,1737,238][12][B,I,][Arial]] [[1052,238,1383,295][12][B,I,][Arial]],QFUHDVH [[1383,238,1396,295][12][B,I,][Arial]] [[1217,296,1230,353][12][B,I,][Arial]] [[762,353,958,410][12][B,I,][Arial]]3RVLWLRQ [[959,353,972,410][12][B,I,][Arial]] [[1359,353,1372,410][12][,I,][Arial]] [[1454,353,1735,410][12][B,I,][Arial]]+RXUO\5DWH [[1734,353,1747,410][12][B, I,][Arial]] [[1922,353,1935,410][12][,I,][Arial]] [[1594,410,1607,467][12][,I,][Arial]] [[1922,410,1935,467][12][,I,][Arial]] [[861,411,874,468][12][B,I,][Arial]] [[1359,411,1372,468][12][B,I,][Arial]] [[413,468,656,525][12][B,I,][Arial]]&XVWRGLDQ [[657,468,670,525][12][B,I,][Arial]] [[1359,468,1372,525][12][,I,][Arial]] [[1517,468,1671,525][12][,I,][Arial]] [[1670,468,1683,525][12][,I,][Ar ial]] [[1922,468,1935,525][12][,I,][Arial]] [[1359,525,1372,582][12][,I,][Arial]] [[1594,525,1607,582][12][,I,][Arial]] [[1922,525,1935,582][12][,I,][Arial]] [[413,526,426,583][12][B,I,][Arial]] [[413,583,626,640][12][B,I,][Arial]]%XLOGLQJ [[627,583,1120,640][12][B,I,][Arial]]0DLQWHQDQFH:RUNHU [[1116,583,1129,640][12][B,I,][Arial]] [[1359,583,1372,640][12][,I,][Arial]] [[1517,583,1670,64 0][12][,I,][Arial]] [[1670,583,1683,640][12][,I,][Arial]] [[1922,583,1935,640][12][,I,][Arial]] [[1359,640,1372,697][12][,I,][Arial]] [[1594,640,1607,697][12][,I,][Arial]] [[1922,640,1935,697][12][,I,][Arial]] [[413,641,426,698][12][B,I,][Arial]] [[413,698,680,755][12][B,I,][Arial]]&UHZ&KLHI [[674,698,687,755][12][B,I,][Arial]] [[1359,698,1372,755][12][,I,][Arial]] [[1517,698,1669,755][12][,I,][Arial]] [[1670,698,1683,755][12][,I,][A rial]] [[1922,698,1935,755][12][,I,][Arial]] [[1359,755,1372,812][12][,I,][Arial]] [[1594,755,1607,812][12][,I,][Arial]] [[1922,755,1935,812][12][,I,][Arial]] [[413,756,426,813][12][B,I,][Arial]] [[990,813,1003,870][12][B,I,][Arial]] [[990,871,1625,928][12][B,I,][Arial]] +285/<3$<5$7(6 [[1627,871,1640,928][12][,I,][Arial]] [[1217,928,1230,985][12][B,I,][Arial]] [[710,986,1259,1043][12][B,I,][Arial]] +RXUO\3D\5DWHV [[1260,986,1277,1043][12][B,I,][Arial]] [[1277,986,1290,1043][12][B,I,][Arial]] [[1291,986,1729,1043][12][B,I,][Arial]]0D\R&LYLF&HQWHU [[1724,986,1737,1043][12][B,I,][Arial]] [[1038,1043,1396,1100][12][B,I,][Arial]]670,1503,1683,1560][12][,I,][Arial]] [[1922,1503,1935,1560][12][,I,][Arial]] [[1359,1560,1372,1617][12][,I,][Arial]] [[1594,1560,1607,1617][12][,I,][Arial]] [[1922,1560,1935,1617][12][,I,][Arial]] [[413,1561,426,1618][12][B,I,][Arial]] [[297,1618,310,1675][12][B,I,][Arial]] [[705,1676,1178,1752][16][B,I,][Arial]]$''(1'80$ [[1177,1676,1214,1752][16][,,][FEF2C7D4454]]± [[1216,1676,1235,1752][16][B,I,][Arial]] [[1234,1676,1845,1752][16][B,I,][Arial]]3DUNV 5HFUHDWLRQ [[1846,1676,1865,1752][16][B,I,][Arial]] [[625,2408,1926,2465][12][B,I,][Arial]]:DJH*ULG(IIHFWLYH)LUVW)XOO3D\3HULRG-DQXDU\ [[1926,2408,1939,2465][12][B,I,][Arial]] [[530,2505,667,2562][12][B,I,][Arial]]:RUN [[340,2562,485,2619][12][B,I,][Arial]]*UDGH [[485,2562,498,2619][12][B,I,][Arial]] [[530,2562,683,2619][12][B,I,][Arial]]3RLQWV [[683,2562,696,2619][12][B,I,][Arial]] [[784,2562,965,2619][12][B,I,] [Arial]]$6WDUW [[963,2562,976,2619][12][B,I,][Arial]] [[1015,2562,1172,2619][12][B,I,][Arial]]%\U [[1168,2562,1181,2619][12][B,I,][Arial]] [[1228,2562,1385,2619][12][B,I,][Arial]]&\U [[1381,2562,1394,2619][12][B,I,][Arial]] [[1434,2562,1591,2619][12][B,I,][Arial]]'\U [[1587,2562,1600,2619][12][B,I,][Arial]] [[1632,2562,1786,2619][12][B,I,][Arial]](\U [[1782,2562,1795,2 619][12][B,I,][Arial]] [[1832,2562,1984,2619][12][B,I,][Arial]])\U [[1979,2562,1992,2619][12][B,I,][Arial]] [[2042,2562,2202,2619][12][B,I,][Arial]]*\U [[2197,2562,2210,2619][12][B,I,][Aria l]] [[530,2632,626,2689][12][,I,][Arial]] [[628,2632,645,2689][12][,I,][Arial]] [[644,2632,727,2689][12][,I,][Arial]] [[727,2632,740,2689][12][,I,][Arial]] [[398,2633,425,2690][12][B,I,][Arial]] [[426,2633,439,2690][12][B,I,][Arial]] [[785,2641,951,2698][12][,I,][Arial]] rial]] [[1600,2641,1613,2698][12][,I,][Arial]] [[1632,2641,1798,2698][12][,I,][Arial]] [[1799,2641,1812,2698][12][,I,][Arial]] [[1832,2641,1998,2698][12][,I,][Arial]] [[1999,2641,2012,2698][12][,I,][Arial]] [[2042,2641,2208,2698][12][,I,][Arial]] )D [[530,191,615,248][12][,I,][Arial]],][Arial]] [[785,430,798,487][12][,I,][Arial]] [[1015,430,1028,487][12][,I,][Arial]] [[1228,430,1241,487][12][,I,][Arial]] [[1434,430,1447,487][12][,I,][Arial] ] [[1632,430,1645,487][12][,I,][Arial]] [[1832,430,1845,487][12][,I,][Arial]] [[2042,430,2055,487][12][,I,][Arial]] [[340,516,1639,573][12][B,I,][Arial]]:DJH*ULG(IIHFWLYH)LUVW)XOO3D\3HULRG-DQXDU\ [[1641,516,1654,573][12][B,I,][Arial]] [[530,613,667,670][12][B,I,][Arial]]:RUN [[340,670,485,727][12][B,I,][Arial]]*UDGH [[485,670,498,727][12][B,I,][Arial]] [[530,670,683,727][12][B,I,][Arial]]3RLQWV [[683,670,696,727][12][B,I,][Arial]] [[784,670,965,727][12][B,I,][Arial]]$ 6WDUW [[963,670,976,727][12][B,I,][Arial]] [[1015,670,1172,727][12][B,I,][Arial]]%\U [[1168,670,1181,727][12][B,I,][Arial]] [[1228,670,1385,727][12][B,I,][Arial]]&\U [[1381,670,1394,727][1 2][B,I,][Arial]] [[1434,670,1591,727][12][B,I,][Arial]]'\U [[1587,670,1600,727][12][B,I,][Arial]] [[1632,670,1786,727][12][B,I,][Arial]](\U [[1782,670,1795,727][12][B,I,][Arial]] [[1832,670,1984,727][12][B,I,][Arial]])\U [[1979,670,1992,727][12][B,I,][Arial]] [[2042,670,2202,727][12][B,I,][Arial]]*\U [[2197,670,2210,727][12][B,I,][Arial]] [[530,740,626,797][12][,I,][Arial]] [[628,740,645,797][12][,I,][Arial]] [[644,740,727,797][12][,I,][Arial]] [[727,740,740,797][12][,I,][Arial]] [[398,741,425,798][12][B,I,][Arial]] [[426,741,439,798][12][B,I,][Arial]] [[785,749,951,806][12][,I,][Arial]] [[952,749,965,806][12][,I,][Arial]] [[1015,749,1181,806][12][,I,][Arial]] [[1182,749,1195,806][12][,I,][Arial]] [[1228,749,1394,806][12][,I,][Arial ]] [[1395,749,1408,806][12][,I,][Arial]] [[1434,749,1599,806][12][,I,][Arial]] [[1600,749,1613,806][12][,I,][Arial]] [[1632,749,1798,806][12][,I,][Arial]] [[1799,749,1812,806][ 12][,I,][Arial]] [[1832,749,1998,806][12][,I,][Arial]] [[1999,749,2012,806][12][,I,][Arial]] [[2042,749,2208,806][12][,I,][Arial]]25,857][12][B,I,][Arial]] [[530,800,543,857][12][,I,][Ari al]] [[785,838,798,895][12][,I,][Arial]] [[1015,838,1028,895][12][,I,][Arial]] [[1228,838,1241,895][12][,I,][Arial]] [[1434,838,1447,895][12][,I,][Arial]] [[1632,838,1645,895][12][,I,][Arial]] [[1832,838,1845,895][12][,I,][Arial]] [[2042,838,2055,895][12][,I,][Arial]] [[530,894,613,951][12][,I,][Arial]] [[614,894,631,951][12][,I,][Arial]] [[630,894,713,951][12][,I,][Arial]] [[713,894,726,951][12][,I,][Arial]] [[398,895,426,952][12][B,I,][Arial]] [[426,895,439,952][12][B,I,][Arial]] [[785,903,951,960][12][,I,][Arial]] [[952,903,965,960][12][,I,][Arial]] [[1015,903,1181,960][12][,I,][Arial]] [[1182,903,1195,960][12][,I,][Arial]] [[1228,903,1394,960][12][,I,][Arial ]] [[1395,903,1408,960][12][,I,][Arial]] [[1434,903,1599,960][12][,I,][Arial]] [[1600,903,1613,960][12][,I,][Arial]] [[1632,903,1798,960][12][,I,][Arial]]057,1195,1114][12][,I,][Ari al]] [[1228,1057,1394,1114][12][,I,][Arial]] )D [[297,180,572,237][12][,I,][Arial]]ILYHFHQWV [[573,180,601,237][12][,I,][Arial]] [[600,180,844,237][12][,I,][Arial]] SHUKRXU [[839,180,852,237][12][,I,][Arial]] [[853,180,866,237][12][,I,][Arial]] [[867,180,1409,237][12][,I,][Arial]]LIUHTXHVWHGE\WKH8QLRQ [[1410,180,1423,237][12][,I,][Arial]] [[1423,180,1436,237][12][,I,][Arial]] [[1437,180,2323,237][12][,I,][Arial]]DQGDQ\DPRXQWRYHUWKHPLQLPXPPXVW [[297,238,1077,295][12][,I,][Arial]]EHDJUHHGXSRQEHWZHHQWKHSDUWLHV [[1076,238,1089,295][12][,I,][Arial]] 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ƚƌĂŶƐŝƚŝŽŶƐďĞƚǁĞĞŶƐŝĚĞǁĂůŬĂŶĚĐƌŽƐƐǁĂůŬĂƌĞĂƐĚĂƚĞďĂĐŬŵĂŶLJĚĞĐĂĚĞƐ͘ƵƌƌĞŶƚůLJĂůůƉƵďůŝĐƐƚƌĞĞƚ ĐƌŽƐƐǁĂůŬƐͬƐŝĚĞǁĂůŬƚƌĂŶƐŝƚŝŽŶƐŚĂǀĞƌĂŵƉĞĚĂƌĞĂƐ͘ ĂĐŚƌĂŵƉŝƐŽŶĞŽĨƐĞǀĞƌĂůĚĞƐŝŐŶƐŐĞŶĞƌĂůůLJ ĚĞƉĞŶĚĞŶƚŽŶƚŚĞĞƌĂŽĨŝƚƐŝŶƐƚĂůůĂƚŝŽŶ͘ KůĚĞƌƉĞĚĞƐƚƌŝĂŶƌĂŵƉƚƌĂŶƐŝƚŝŽŶƐĂƌĞĐŽŶƐƚƌƵĐƚĞĚŽĨĐŽŶĐƌĞƚĞŽƌĂƐƉŚĂůƚǁŝƚŚƌĂŵƉƐŽĨůĞƐƐƚŚĂŶϭϮй͘ ŽŶĐƌĞƚĞƌĂŵƉƐǁĞƌĞŝŶƐƚĂůůĞĚǁŚĞƌĞĐŽŶĐƌĞƚĞĐƵƌďǁĞƌĞƉƌĞƐĞŶƚ͘ƐƉŚĂůƚƌĂŵƉƐǁĞƌĞŝŶƐƚĂůůĞĚǁŚĞƌĞ ŶŽĐƵƌďĞdžŝƐƚƐ͘dŚĞŽůĚĞƌĐŽŶĐƌĞƚĞƌĂŵƉƐĚŽŶŽƚŚĂǀĞƚĞdžƚƵƌĞĚŽƌĐŽůŽƌĐŽŶƚƌĂƐƚĞĚƐůŽƉĞĂƌĞĂƐ͘ ,ŽǁĞǀĞƌ͕ďŽƚŚƐƚLJůĞƐĂůůŽǁĨŽƌƚŚĞƐŝĚĞǁĂůŬƚŽĐƌŽƐƐǁĂůŬƚƌĂŶƐŝƚŝŽŶĨƌĞĞŽĨǀĞƌƚŝĐĂůďĂƌƌŝĞƌƐ͘ /ŶƚŚĞĞĂƌůLJϭϵϵϬ͛ƐƚŽϮϬϬϳ͕ĂůůƉĞĚĞƐƚƌŝĂŶƌĂŵƉƐǁĞƌĞŝŶƐƚĂůůĞĚƵƐŝŶŐĐŽůŽƌĐŽŶƚƌĂƐƚĞĚĞdžƉŽƐĞĚ ĂŐŐƌĞŐĂƚĞƌĂŵƉƐůŽƉĞĂƌĞĂ͘dŚŝƐƐƚLJůĞŽĨƌĂŵƉǁĂƐƵƐĞĚĨŽƌĂůůŶĞǁƌĂŵƉƐĐŽŶƐƚƌƵĐƚĞĚĚƵƌŝŶŐƚŚĂƚĞƌĂ ĂŶĚƚŽƌĞƉůĂĐĞŽůĚĞƌƐƚLJůĞƉĞĚĞƐƚƌŝĂŶƌĂŵƉƐŝŶƐƚƌĞĞƚĐŽŶƐƚƌƵĐƚŝŽŶƉƌŽũĞĐƚĂƌĞĂƐ͘DĂŶLJŽĨƚŚĞƐĞƌĂŵƉƐ ŚĂǀĞĂϯϲ͟ǁŝĚĞƌĂŵƉďŽƚƚŽŵǁŚŝĐŚǁĂƐƚŚĞƐƚĂŶĚĂƌĚĂƚƚŚĞƚŝŵĞ͘ ^ŝŶĐĞϮϬϬϳ͕ĂůůŶĞǁƌĂŵƉƐĂƌĞĐŽŶƐƚƌƵĐƚĞĚǁŝƚŚĂŵŝŶŝŵƵŵŽĨϰϴ͟ƌĂŵƉďŽƚƚŽŵ͕ϭ͗ϭϮŵĂdžŝŵƵŵƌĂŵƉ Ɛů ŽƉĞ͕ĂŶĚϮϰ͟džϰϴ͟ƚƌƵŶĐĂƚĞĚĚŽŵĞĂƌĞĂƐĂƚƚŚĞďŽƚƚŽŵŽĨƚŚĞƌĂŵƉƐ͘/ŶĂĚĚŝƚŝŽŶƚŽŝŶƐƚĂůůŝŶŐƚŚŝƐ ƐƚĂŶĚĂƌĚƌĂŵƉĚĞƐŝŐŶĨŽƌŶĞǁƌĂŵƉƐ͕ƉĞĚĞƐƚƌŝĂŶƌĂŵƉƐǁŚŝĐŚĂƌĞďĞŝŶŐƌĞƉĂŝƌĞĚĂƌĞƌĞĐŽŶƐƚƌƵĐƚĞĚ ŵĞĞƚŝŶŐƚŚŝƐĐƵƌƌĞŶƚƐƚĂŶĚĂƌĚ͘KĨƚŚĞĂƉƉƌŽdžŝŵĂƚĞůLJϭϬ͕ϬϬϬƉĞĚĞƐƚƌŝĂŶƌĂŵƉƐŝŶZŽĐŚĞƐƚĞƌ͕ ĂƉƉƌŽdžŝŵĂƚĞůLJϱϬϬƉĞĚĞƐƚƌŝĂŶƌĂŵƉƐŵĞĞƚƚŚĞĐƵƌƌĞŶƚƐƚĂŶĚĂƌĚŝŶĐůƵĚŝŶŐƚŚĞƚƌƵŶĐĂƚĞĚĚŽŵĞƐ͘ /ƚŝƐƚŚĞĐŝƚLJ͛ƐƉƌĂĐƚŝĐĞĂŶĚƉŽůŝĐLJƚŽƌĞƉůĂĐĞƉĞĚĞƐƚƌŝĂŶƌĂŵƉƐŶŽƚŵĞĞƚŝŶŐĐƵƌƌĞŶƚƐƚĂŶĚĂƌĚƐĐŽŶĐƵƌƌĞŶƚ ǁŝƚŚƐƚƌĞĞƚĐŽŶƐƚƌƵĐƚŝŽŶŽƌƌĞĐŽŶƐƚƌƵĐƚŝŽŶƉƌŽũĞĐƚƐƌĞŐĂƌĚůĞƐƐŽĨƚŚĞĨƵŶĚŝŶŐƐŽƵƌĐĞ͖ĨĞĚĞƌĂůĨƵŶĚŝŶŐ͕ ƐƚĂƚĞĂŝĚĨƵŶĚŝŶŐŽƌĐŝƚLJĨƵŶĚŝŶŐ͘dŚĞĐŝƚLJĚŽĞƐŶŽƚƌĞƉůĂĐĞƉĞĚĞƐƚƌŝĂŶƌĂŵƉƐǁŚĞŶŵĂŝŶƚĞŶĂŶĐĞ ĂĐƚŝǀŝƚŝĞƐƐƵĐŚĂƐƐĞĂůĐŽĂƚŝŶŐŽƌŵŝůůĂŶĚƚŚŝŶŽǀĞƌůĂLJƉƌŽũĞĐƚƐŽĐĐƵƌƵŶůĞƐƐƚŚĞƌĂŵƉŚĂƐƐŝŐŶŝĨŝĐĂŶƚůLJ ĚĞƚĞƌŝŽƌĂƚĞĚĂŶĚƌĞƋƵŝƌĞƐƌĞƉůĂĐĞŵĞŶƚ͘ dŚĞĐŝƚLJŚĂƐƚŚĞŐŽĂůƚŽĂŶŶƵĂůůLJŝŶƐƉĞĐƚϱйƚŽϳйŽĨĞdžŝƐƚŝŶŐƐŝĚĞǁĂůŬƐĨŽƌƚƌŝƉƉŝŶŐŚĂnjĂƌĚĚĞĨĞĐƚƐ͘/Ŷ ϮϬϬϴ͕ĂŶŝŶƚĞŶƐĞĞĨĨŽƌƚŽĨƐŝĚĞǁĂůŬŝŶƐƉĞĐƚŝŽŶǁĂƐĐŽŵƉůĞƚĞĚĂŶĚϰϬйŽĨƚŚĞƐŝĚĞǁĂůŬƐǁĞƌĞŝŶƐƉĞĐƚĞĚ͘ ƐƉĂƌƚŽĨƚŚĞŝŶƐƉĞĐƚŝŽŶƉƌŽĐĞƐƐ͕ƉĞĚĞƐƚƌŝĂŶƌĂŵƉĂƌĞĂƐĂƌĞĂůƐŽŝŶƐƉĞĐƚĞĚĂŶĚƌĂŵƉƐǁŚŝĐŚŚĂǀĞ ŝĚĞŶƚŝĨŝĞĚŚĂnjĂƌĚƐĂƌĞƐĐŚĞĚƵůĞĚĨŽƌƌĞƉůĂĐĞŵĞŶƚ͘ZĞƉůĂĐĞŵĞŶƚŽĨƚŚĞƐĞƌĂŵƉƐǁŝůůŵĞĞƚƚŚĞĐƵƌƌĞŶƚ ƐƚĂŶĚĂƌĚƐŝŶĐůƵĚŝŶŐĂŵŝŶŝŵƵŵŽĨϰϴ͟ƌĂŵƉďŽƚƚŽŵ͕ϭ͗ϭϮŵĂdžŝŵƵŵƌĂŵƉƐůŽƉĞ͕ĂŶĚϮϰ͟džϰϴ͟ ƚƌƵŶĐĂƚĞĚĚŽŵĞĂƌĞĂƐĂƚƚŚĞďŽƚƚŽŵŽĨƚŚĞƌĂŵƉƐ͘ ϰͮWĂŐĞ 3DFNHW3J )E /ŶƐƵŵŵĂƌLJ͕ƉĞĚĞƐƚƌŝĂŶƌĂŵƉƐŵĞĞƚŝŶŐĐƵƌƌĞŶƚƐƚĂŶĚĂƌĚƐĂƌĞŝŶƐƚĂůůĞĚŽŶĂůůŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶĨĂůůŝŶŐ ǁŝƚŚŝŶƚŚĞƉƌŽũĞĐƚůŝŵŝƚƐĨŽƌĂůůƐƚƌĞĞƚĐŽŶƐƚƌƵĐƚŝŽŶ͕ƌĞĐŽŶƐƚƌƵĐƚŝŽŶƉƌŽũĞĐƚƐ͕ĂŶĚǁŚĞŶĞǀĞƌĂƉĞĚĞƐƚƌŝĂŶ ƌĂŵƉĂƌĞĂďĞĐŽŵĞƐĚĞĨĞĐƚŝǀĞĂŶĚŽƌŚĂnjĂƌĚŽƵƐ͘ dŚĞĞƐƚŝŵĂƚĞůŝĨĞŽĨƐŝĚĞǁĂůŬĂŶĚƉĞĚĞƐƚƌŝĂŶƌĂŵƉƐŝƐϰϬLJĞĂƌƐ͖ƚŚĞƌĞĨŽƌĞ͕ĨŽůůŽǁŝŶŐƚŚŝƐƚƌĂŶƐŝƚŝŽŶƉůĂŶ͕ ĂůůƌĂŵƉƐǁŝůůŵĞĞƚĐƵƌƌĞŶƚƐƚĂŶĚĂƌĚƐďLJϮϬϰϳǁŝƚŚĂŶĞƐƚŝŵĂƚĞĚĐŽƐƚŽĨΨϮϴ͕ϳϬϬ͕ϬϬϬ͘ ǦǦŝŶƐƚĂůůĂƚŝŽŶŝƐĂƌĞƋƵŝƌĞĚƉĂƌƚŽĨƚŚĞŚŽŵĞĐŽŶƐƚƌƵĐƚŝŽŶ͘^ŝŶĐĞ ƚŚĞĞŶƚŝƌĞƚLJŽĨĂƐƵďĚŝǀŝƐŝŽŶŝƐŶŽƚďƵŝůƚĂƚŽŶĞƚŝŵĞ͕ƉĞƌŝŽĚŝĐŐĂƉƐŝŶƚŚĞƐŝĚĞǁĂůŬƐLJƐƚĞŵĚŽŽĐĐƵƌ͘dŚĞ ŝƚLJŚĂƐĂƉŽůŝĐLJŽĨƌĞƋƵŝƌŝŶŐŝŶĨŝůůŽĨƚŚĞƐĞŐĂƉƐ͕ďŽƚŚŝŶŶĞǁĞƌĂŶĚŽůĚĞƌƐƵďĚŝǀŝƐŝŽŶƐƚŽĐŽŵƉůĞƚĞƚŚĞ ƐŝĚĞǁĂůŬŶĞƚǁŽƌŬ͘ĞƚĞƌŵŝŶĂƚŝŽŶŽĨƚŝŵŝŶŐĨŽƌƐŝĚĞǁĂůŬŐĂƉĐŽŵƉůĞƚŝŽŶŝŶĐůƵĚĞƐĂƉƌŝŽƌŝƚŝnjĂƚŝŽŶŽĨĞĂĐŚ ŐĂƉŝŶƚŚĞƉĞĚĞƐƚƌŝĂŶĂĐĐĞƐƐƐLJƐƚĞŵ͘ƌŝƚĞƌŝĂƵƐĞĚƚŽĞƐƚĂďůŝƐŚƚŚĞƐĞƉƌŝŽƌŝƚŝĞƐŝŶĐůƵĚĞ͗ƐƚƌĞĞƚ ĐůĂƐƐŝĨŝĐĂƚŝŽŶ͕ƐĐŚŽŽůǁĂůŬŝŶŐnjŽŶĞ͕ƉĂƌŬƉƌŽdžŝŵŝƚLJ͕ďƵƐƌŽƵƚĞƉƌŽdžŝŵŝƚLJ͕ĞdžŝƐƚŝŶŐƐŝĚĞǁĂůŬĂŐƌĞĞŵĞŶƚƐ͕ ůĂŶĚƵƐĞ͕ĚĞǀĞůŽƉŵĞŶƚĚĞŶƐŝƚLJ͕ĂŶĚĂǀĂŝůĂďůĞĂůƚĞƌŶĂƚŝǀĞƌŽƵƚĞƐ͘ KĐĐĂƐŝŽŶĂůůLJ͕ĂĨŝdžĞĚŽďƐƚƌƵĐƚŝŽŶĞdžŝƐƚƐǁŝƚŚŝŶƚŚĞĐŝƚLJƐŝĚĞǁĂůŬƐLJƐƚĞŵ͘dŚĞĐƵƌƌĞŶƚƉŽůŝĐLJŝƐƚŽƉƌŽǀŝĚĞ ĂŵŝŶŝŵƵŵĐůĞĂƌĂŶĐĞŽĨϰͲĨŽŽƚƉĂƐƐĞĚĂŶLJŽďƐƚƌƵĐƚŝŽŶ;ƉŽůĞƐ͕ƐŝŐŶƐ͕ĂŶĚĨŝƌĞŚLJĚƌĂŶƚƐĂƌĞƚŚĞŵŽƐƚ ĐŽŵŵŽŶůLJŽĐĐƵƌƌŝŶŐŽďƐƚƌƵĐƚŝŽŶƐͿ͘ƐĂƉĂƌƚŽĨƐƚƌĞĞƚƌĞĐŽŶƐƚƌƵĐƚŝŽŶƉƌŽũĞĐƚƐ͕ŽďƐƚƌƵĐƚŝŽŶƐĂƌĞ ƌĞŵŽǀĞĚŽƌĐůĞĂƌĂŶĐĞƐŵĂdžŝŵŝnjĞĚƚŽƚŚĞĞdžƚĞŶƚƚŚĂƚƌŝŐŚƚŽĨǁĂLJŝƐĂǀĂŝůĂďůĞ͘ sĞƌƚŝĐĂůŽďƐƚƌƵĐƚŝŽŶƐŝŶƚŚĞĨŽƌŵŽĨƐƚĂŝƌǁĂLJƐĞdžŝƐƚŝŶƚŚĞĐŝƚLJƐŝĚĞǁĂůŬƐLJƐƚĞŵ͘/ŶŶĞĂƌůLJĂůůŝŶƐƚĂŶĐĞƐ͕ĂŶ ĂůƚĞƌŶĂƚŝǀĞƌŽƵƚĞǁŝƚŚŽƵƚƚŚĞǀĞƌƚŝĐĂůŽďƐƚƌƵĐƚŝŽŶĞdžŝƐƚƐǁŝƚŚŝŶĂƐŚŽƌƚĚŝƐƚĂŶĐĞ͘/ŶƚŚƌĞĞůŽĐĂƚŝŽŶƐ ǁŝƚŚŝŶƚŚĞĐŝƚLJƐŝĚĞǁĂůŬƐLJƐƚĞŵƚŚĞĂůƚĞƌŶĂƚŝǀĞƌŽƵƚĞŝƐŵŽƌĞĚŝƐƚĂŶĐĞ͘DŽĚŝĨŝĐĂƚŝŽŶƐŽĨƚŚĞƐŝĚĞǁĂůŬ ϱͮWĂŐĞ 3DFNHW3J )E ĨĂĐŝůŝƚŝĞƐĂƚƚŚĞƐĞƚŚƌĞĞůŽĐĂƚŝŽŶƐƚŽĞůŝŵŝŶĂƚĞƚŚĞǀĞƌƚŝĐĂůŽďƐƚƌƵĐƚŝŽŶĂƌĞŶŽƚƉƌĂĐƚŝĐĂůďĞĐĂƵƐĞŽĨ ƚŽƉŽŐƌĂƉŚŝĐĂŶĚƌŝŐŚƚŽĨǁĂLJůŝŵŝƚĂƚŝŽŶƐ͘ ^ŝĚĞǁĂůŬƐĂƌĞƚLJƉŝĐĂůůLJĐŽŶƐƚƌƵĐƚĞĚǁŝƚŚĂŵĂdžŝŵƵŵĐƌŽƐƐƐůŽƉĞŽĨϮй͘tŝƚŚŝŶƚŚĞƐŝĚĞǁĂůŬƐLJƐƚĞŵ ƚŚĞƌĞĞdžŝƐƚƐŽŵĞƐĞŐŵĞŶƚƐǁŝƚŚŐƌĞĂƚĞƌĐƌŽƐƐƐůŽƉĞ͘dŚĞƐĞƐĞŐŵĞŶƚƐĂƌĞŚŝƐƚŽƌŝĐĂůůLJůŽĐĂƚĞĚŝŶ ĚƌŝǀĞǁĂLJƐǁŚĞƌĞƚŚĞƌŝŐŚƚŽĨǁĂLJǁŝĚƚŚĚŽĞƐŶŽƚƉĞƌŵŝƚďŽƚŚϮйƐŝĚĞǁĂůŬĐƌŽƐƐƐůŽƉĞĂŶĚĨƵŶĐƚŝŽŶĂů ĚƌŝǀĞǁĂLJƐ͘ƵƌŝŶŐƌĞĐŽŶƐƚƌƵĐƚŝŽŶŽĨƚŚĞĚƌŝǀĞǁĂLJƐŝŶƚŚĞƐĞůŽĐĂƚŝŽŶƐ͕ƚŚĞƉƌŽƉĞƌƚLJŽǁŶĞƌŐƌĂŶƚƐĂŶ ĞĂƐĞŵĞŶƚĂŶĚƌĞƌŽƵƚĞƐƚŚĞƐŝĚĞǁĂůŬƐĞŐŵĞŶƚŽŶƚŽƉƌŝǀĂƚĞƉƌŽƉĞƌƚLJƐŽƚŚĂƚďŽƚŚƚŚĞϮйƐŝĚĞǁĂůŬĐƌŽƐƐ ƐůŽƉĞĂŶĚƚŚĞĨƵŶĐƚŝŽŶĂůŝƚLJŽĨƚŚĞĚƌŝǀĞǁĂLJĐĂŶďĞŵĂŝŶƚĂŝŶĞĚ͘ dŚĞƌĞĂƌĞϭϰϲdƌĂĨĨŝĐ^ŝŐŶĂůƐǁŝƚŚŝŶƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ͘ ĂĐŚƐŝŐŶĂůŝnjĞĚŝŶƚĞƌƐĞĐƚŝŽŶƚLJƉŝĐĂůůLJŚĂƐϰ ƉĞĚĞƐƚƌŝĂŶĐƌŽƐƐŝŶŐƐ͘dŚĞƐĞƐŝŐŶĂůƐĂƌĞůŽĐĂƚĞĚŽŶƌŽĂĚǁĂLJƐƵŶĚĞƌũƵƌŝƐĚŝĐƚŝŽŶŽĨDŝŶŶĞƐŽƚĂ ĞƉĂƌƚŵĞŶƚŽĨdƌĂŶƐƉŽƌƚĂƚŝŽŶ;DŶKdͿ͕KůŵƐƚĞĚŽƵŶƚLJ͕ĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ͘KĨĂůůƚŚĞƐŝŐŶĂůƐŝŶ ƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ͕ϯϭйĂƌĞƵŶĚĞƌƚŚĞũƵƌŝƐĚŝĐƚŝŽŶŽĨDŶKd͕ϮϮйĂƌĞƵŶĚĞƌƚŚĞũƵƌŝƐĚŝĐƚŝŽŶŽĨ KůŵƐƚĞĚŽƵŶƚLJ͕ĂŶĚϰϳйĂƌĞƵŶĚĞƌƚŚĞũƵƌŝƐĚŝĐƚŝŽŶŽĨƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ͘DĂŝŶƚĞŶĂŶĐĞĂŐƌĞĞŵĞŶƚƐ ǁŝƚŚDŶKdĂŶĚǁŝƚŚKůŵƐƚĞĚŽƵŶƚLJĚĞůŝŶĞĂƚĞƚŚĞƐŝŐŶĂůŵĂŝŶƚĞŶĂŶĐĞĂŶĚĐŽƐƚƐŚĂƌŝŶŐ ƌĞƐƉŽŶƐŝďŝůŝƚŝĞƐĨŽƌƚŚĞũŽŝŶƚũƵƌŝƐĚŝĐƚŝŽŶĂůƚƌĂĨĨŝĐƐŝŐŶĂůƐ͘ ĐĐĞƐƐŝďůĞWĞĚĞƐƚƌŝĂŶ^ŝŐŶĂůƐ;W^ͿĂƌĞŝŶƚĞŶĚĞĚƚŽĂƐƐŝƐƚďůŝŶĚ͕ǀŝƐƵĂůůLJŝŵƉĂŝƌĞĚ͕ĂŶĚŽƚŚĞƌĚŝƐĂďůĞĚ ƉĞƌƐŽŶƐŽĨĂůůĂŐĞƐƚŽĐƌŽƐƐĂƚĚĞƐŝŐŶĂƚĞĚƐƚƌĞĞƚƐĂŶĚŝŶƚĞƌƐĞĐƚŝŽŶƐ͘dŚĞZŽĐŚĞƐƚĞƌdƌĂĨĨŝĐĞƉĂƌƚŵĞŶƚ ŚĂƐĐŽŵƉůĞƚĞĚƚŚĞƚƌĂĨĨŝĐƐŝŐŶĂůĞƋƵŝƉŵĞŶƚŝŶǀĞŶƚŽƌLJ͖ƚŚĞƉĞĚĞƐƚƌŝĂŶƌĂŵƉƐĂƚƚŚĞƐĞůŽĐĂƚŝŽŶƐŚĂǀĞ ďĞĞŶĂĚĚƌĞƐƐĞĚŝŶĂƐĞƉĂƌĂƚĞƐĞĐƚŝŽŶŽĨƚŚĞZŽĐŚĞƐƚĞƌdƌĂŶƐŝƚŝŽŶWůĂŶ͘ dŚĞĞdžŝƐƚŝŶŐƚƌĂĨĨŝĐƐŝŐŶĂůƐŝŶZŽĐŚĞƐƚĞƌƌĂŶŐĞŝŶĂŐĞĨƌŽŵĂŶŽƌŝŐŝŶĂůŝŶƐƚĂůůĂƚŝŽŶĚĂƚĞŽĨϭϵϲϭƚŽŶĞǁ ƐŝŐŶĂůƐǁŚŝĐŚĂƌĞĂĚĚĞĚƚŽƚŚĞŝƚLJƐLJƐƚĞŵĂƚƚŚĞƌĂƚĞŽĨĂƉƉƌŽdžŝŵĂƚĞůLJϮŶĞǁƐŝŐŶĂůƐƉĞƌLJĞĂƌ͘ ZŽĐŚĞƐƚĞƌĐƵƌƌĞŶƚůLJŚĂƐϮϴƐŝŐŶĂůŝnjĞĚŝŶƚĞƌƐĞĐƚŝŽŶƐǁŝƚŚW^͘ůůŽĨƚŚĞƐŝŐŶĂůƐŝŶZŽĐŚĞƐƚĞƌŚĂǀĞĐŽƵŶƚͲ ĚŽǁŶƚŝŵĞƌƐĨŽƌƚŚĞƉĞĚĞƐƚƌŝĂŶŝŶĚŝĐĂƚŝŽŶƐ͕ďƵƚƚŚĞƌĞĂƌĞĂŶƵŵďĞƌŽĨůŽĐĂƚŝŽŶƐǁŚĞƌĞƚŚĞƉĞĚĞƐƚƌŝĂŶ ƉŚĂƐĞŝƐƉƌŽŐƌĂŵŵĞĚƚŽĐŽŵĞƵƉĞĂĐŚĐLJĐůĞĂŶĚƚŚĞƌĞĂƌĞŶŽƉƵƐŚďƵƚƚŽŶƐƚŽĂĐƚŝǀĂƚĞƚŚĞƉĞĚĞƐƚƌŝĂŶ ŝŶĚŝĐĂƚŝŽŶƐ͘ /ƚŝƐƚŚĞŝƚLJ͛ƐƉƌĂĐƚŝĐĞĂŶĚƉŽůŝĐLJƚŽƌĞƉůĂĐĞƉĞĚĞƐƚƌŝĂŶƐLJƐƚĞŵƐŶŽƚŵĞĞƚŝŶŐƚŚĞĐƵƌƌĞŶƚƐƚĂŶĚĂƌĚƐ ĐŽŶĐƵƌƌĞŶƚǁŝƚŚƐƚƌĞĞƚƌĞĐŽŶƐƚƌƵĐƚŝŽŶƉƌŽũĞĐƚƐŽƌƐŝŐŶĂůŵŽĚŝĨŝĐĂƚŝŽŶƉƌŽũĞĐƚƐƌĞŐĂƌĚůĞƐƐŽĨƚŚĞĨƵŶĚŝŶŐ ƐŽƵƌĐĞ͖ĨĞĚĞƌĂůĨƵŶĚŝŶŐ͕ƐƚĂƚĞĂŝĚĨƵŶĚŝŶŐŽƌĐŝƚLJĨƵŶĚŝŶŐ͘dŚĞĐŝƚLJĚŽĞƐŶŽƚƌĞƉůĂĐĞƚƌĂĨĨŝĐƐŝŐŶĂů ĐŽŵƉŽŶĞŶƚƐǁŚĞŶŵĂŝŶƚĞŶĂŶĐĞƐƚƌĞĞƚƉƌĞƐĞƌǀĂƚŝŽŶĂĐƚŝǀŝƚŝĞƐƐƵĐŚĂƐƐĞĂůĐŽĂƚŝŶŐŽƌŵŝůůĂŶĚƚŚŝŶ ŽǀĞƌůĂLJƉƌŽũĞĐƚƐŽĐĐƵƌ͘ dŚĞŝƚLJŚĂƐƚŚĞŐŽĂůƚŽƌĞƉůĂĐĞƚǁŽŽůĚĞƌƐŝŐŶĂůƐLJƐƚĞŵƐĂŶĚƌĞƚƌŽĨŝƚƚǁŽĞdžŝƐƚŝŶŐƐŝŐŶĂůƐLJƐƚĞŵƐǁŝƚŚ W^͕ĞĂĐŚLJĞĂƌĂƐĨƵŶĚŝŶŐĂůůŽǁƐ͘ ϲͮWĂŐĞ 3DFNHW3J )E /ĨĂƌĞƋƵĞƐƚĨŽƌW^ŝƐƌĞĐĞŝǀĞĚ͕ŝƚLJ^ƚĂĨĨǁŝůůŝŶǀĞƐƚŝŐĂƚĞĞĂĐŚƌĞƋƵĞƐƚĨŽƌƚŚĞŝŶƐƚĂůůĂƚŝŽŶŽĨĂŶ ĐĐĞƐƐŝďůĞWĞĚĞƐƚƌŝĂŶ^ŝŐŶĂůƐ;W^ͿďĂƐĞĚŽŶĞǀĂůƵĂƚŝŶŐƚŚĞŝŶƚĞƌƐĞĐƚŝŽŶƵƐŝŶŐƚŚĞE,ZWϯͲϲϮ 'ƵŝĚĞůŝŶĞƐĨŽƌĐĐĞƐƐŝďůĞWĞĚĞƐƚƌŝĂŶ^ŝŐŶĂůƐΗW^WƌŝŽƌŝƚŝnjĂƚŝŽŶdŽŽůΗ͘ƐƵŵŵĂƌLJŽĨƚŚĞĞǀĂůƵĂƚŝŽŶ ĐƌŝƚĞƌŝĂĂƌĞůŝƐƚĞĚďĞůŽǁ͗ ƌŝƚŝĐĂů/ŶƚĞƌƐĞĐƚŝŽŶĂŶĚdƌĂĨĨŝĐŽŶĚŝƚŝŽŶƐŝŶĐůƵĚĞƐƵĐŚĨĂĐƚŽƌƐĂƐ͗ /ŶƚĞƌƐĞĐƚŝŽŶŽŶĨŝŐƵƌĂƚŝŽŶ͗WĞĚĞƐƚƌŝĂŶƐǁŚŽĂƌĞďůŝŶĚŽƌǀŝƐƵĂůůLJŝŵƉĂŝƌĞĚƵƐĞƚŚĞƐŽƵŶĚŽĨƚƌĂĨĨŝĐ ŵŽǀŝŶŐďĞƐŝĚĞƚŚĞŵĂƐĂŶĂůŝŐŶŵĞŶƚĐƵĞĂŶĚĂƐĂĐƵĞĨŽƌĚĞƚĞƌŵŝŶŝŶŐǁŚĞŶƚŚĞƚƌĂĨĨŝĐƐŝŐŶĂů ĐŚĂŶŐĞƐ͘ 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KĨĨͲWĞĂŬdƌĂĨĨŝĐWƌĞƐĞŶĐĞ͗dƌĂĨĨŝĐǀŽůƵŵĞŵĂLJŝŵƉĞĚĞŽƌĂƐƐŝƐƚǀŝƐƵĂůůLJŝŵƉĂŝƌĞĚƉĞĚĞƐƚƌŝĂŶƐ͘dƌĂĨĨŝĐ ĨůŽǁƚŚĂƚŝƐǀĞƌLJůŝŐŚƚŽƌĞƌƌĂƚŝĐ;ǁŚŝĐŚŵŽƐƚŽĨƚĞŶŽĐĐƵƌƐŝŶŽĨĨͲƉĞĂŬƉĞƌŝŽĚƐͿŵĂŬĞƐŝƚĚŝĨĨŝĐƵůƚƚŽƵƐĞ ƚƌĂĨĨŝĐƐŽƵŶĚƚŽƌĞĐŽŐŶŝnjĞƐŝŐŶĂůĐŚĂŶŐĞƐ͘ ϳͮWĂŐĞ 3DFNHW3J )E ŝƐƚĂŶĐĞƚŽůƚĞƌŶĂƚŝǀĞĐĐĞƐƐŝďůĞƌŽƐƐŝŶŐ;ǁŝƚŚW^Ϳ͗/ĨƚŚĞƌĞŝƐĂŶŽƚŚĞƌƐŝŐŶĂůŝnjĞĚĐƌŽƐƐǁĂůŬǁŝƚŚ W^ŝŶĐůŽƐĞƉƌŽdžŝŵŝƚLJƚŽƚŚĞŝŶƚĞƌƐĞĐƚŝŽŶďĞŝŶŐƌĂƚĞĚ͕ƚŚĞŝŶƚĞƌƐĞĐƚŝŽŶƐŚŽƵůĚƌĞĐĞŝǀĞĂůŽǁĞƌƐĐŽƌĞ ƚŚĂŶĂƐŝŵŝůĂƌŝŶƚĞƌƐĞĐƚŝŽŶǁŚĞƌĞƚŚĞƌĞŝƐŶŽŶĞĂƌďLJĐƌŽƐƐŝŶŐĂůƚĞƌŶĂƚŝǀĞ͘ WĞĚĞƐƚƌŝĂŶWƵƐŚďƵƚƚŽŶ>ŽĐĂƚŝŽŶ;ĞŝƚŚĞƌĐŽƌŶĞƌͿ͘ ZĞƋƵĞƐƚƐĨŽƌĐĐĞƐƐŝďůĞWĞĚĞƐƚƌŝĂŶ^ŝŐŶĂůƐ͗ZĞƋƵĞƐƚƐĨŽƌĂŶW^ŵĂLJĐŽŵĞĨƌŽŵĂƉĞĚĞƐƚƌŝĂŶǁŚŽŝƐ ǀŝƐƵĂůůLJŝŵƉĂŝƌĞĚŽƌĨƌŽŵĂŶKƌŝĞŶƚĂƚŝŽŶĂŶĚDŽďŝůŝƚLJƉƌŽĨĞƐƐŝŽŶĂů͘dŚĞƐĞƌĞƋƵĞƐƚƐĂƌĞƵƐƵĂůůLJǀĞƌLJ ƐƉĞĐŝĨŝĐͲƚŚĞŝŶĚŝǀŝĚƵĂůŶĞĞĚƐƚŽƚƌĂǀĞůĨƌŽŵƚŚĞŝƌŚŽŵĞƚŽƚŚĞŝƌǁŽƌŬƉůĂĐĞĂŶĚŶĞĞĚƐƚŽĐƌŽƐƐƚŚŝƐ ƐƚƌĞĞƚƵƐŝŶŐƚŚŝƐĐƌŽƐƐǁĂůŬ͘^ƵĐŚƌĞƋƵĞƐƚƐƐŚŽƵůĚŝŶĐƌĞĂƐĞƚŚĞƉƌŝŽƌŝƚLJĨŽƌW^͘ dƌĂŶƐŝƚŝŽŶWƌŽĐĞƐƐ͗ ůůŶĞǁĂŶĚƌĞĐŽŶƐƚƌƵĐƚĞĚƚƌĂĨĨŝĐƐŝŐŶĂůƐǁŝůůďĞĐŽŶƐƚƌƵĐƚĞĚǁŝƚŚƚŚĞW^ƐLJƐƚĞŵƐ͘dŚĞĞdžŝƐƚŝŶŐŝƚLJ ƐŝŐŶĂůƐǁŝůůďĞƉƌŝŽƌŝƚŝnjĂƚŝŽŶƵƐŝŶŐƚŚĞE,ZWϯͲϲϮ'ƵŝĚĞůŝŶĞƐĨŽƌĐĐĞƐƐŝďůĞWĞĚĞƐƚƌŝĂŶ^ŝŐŶĂůƐΗW^ WƌŝŽƌŝƚŝnjĂƚŝŽŶdŽŽů͟ĂŶĚƚŚĞĞdžŝƐƚŝŶŐƐŝŐŶĂůƐ;ŶŽƚƐĐŚĞĚƵůĞĚĨŽƌƌĞĐŽŶƐƚƌƵĐƚŝŽŶǁŝƚŚŝŶƚŚĞŶĞdžƚϱLJĞĂ ƌƐͿ ǁŝůůďĞƵƉŐƌĂĚĞĚǁŝƚŚĂŶW^͕ĂƐĨƵŶĚŝŶŐŝƐĂǀĂŝůĂďůĞ͘ >ŽĐĂƚŝŽŶƐǁŚĞƌĞŝƚŝƐĚĞƚĞƌŵŝŶĞĚƚŚĂƚƚŚĞƚƌĂĨĨŝĐƐŝŐŶĂůƉĞĚĞƐƚƌŝĂŶƉƵƐŚďƵƚƚŽŶƐŚĂǀĞĂĐĐĞƐƐŝďŝůŝƚLJ ďĂƌƌŝĞƌƐǁŝůůďĞĐŚĂŶŐĞĚƚŽƉƌŽǀŝĚĞƉĞĚĞƐƚƌŝĂŶƉŚĂƐĞƌĞĐĂůůƵŶƚŝůƚŚĞďĂƌƌŝĞƌĐĂŶďĞƌĞŵŽǀĞĚ͘ ZĞƋƵĞƐƚƐĨŽƌW^ŝŶƐƚĂůůĂƚŝŽŶƐǁŝůůďĞĞǀĂůƵĂƚĞĚƵƐŝŶŐƚŚĞE,ZWϯͲϲϮ'ƵŝĚĞůŝŶĞƐĨŽƌĐĐĞƐƐŝďůĞ WĞĚĞƐƚƌŝĂŶ^ŝŐŶĂůƐΗW^WƌŝŽƌŝƚŝnjĂƚŝŽŶdŽŽůΗ͘dŚĞƌĞƋƵĞƐƚĞĚůŽĐĂƚŝŽŶǁŝůůďĞĞǀĂůƵĂƚĞĚďLJƚŚĞŝƚLJ ŶŐŝŶĞĞƌĂŶĚŝƚLJdƌĂĨĨŝĐ ŶŐŝŶĞĞƌĂŐĂŝŶƐƚƚŚĞƌĂŶŬŝŶŐŽĨƚŚĞƐŝŐŶĂůƐĂůƌĞĂĚLJƉƌŝŽƌŝƚŝnjĞĚƚŽƐĞĞŝĨƚŚĞ ƌĞƋƵĞƐƚĞĚůŽĐĂƚŝŽŶŵĞĞƚƐŽƌĞdžĐĞĞĚƐƚŚĞƌĂŶŬŝŶŐƐŽĨƚŚĞƉůĂŶŶĞĚůŽĐĂƚŝŽŶƐĨŽƌƚŚĂƚLJĞĂƌ͕ĂŶĚŝĨŝƚLJ͕ KůŵƐƚĞĚŽƵŶƚLJ͕ĂŶĚDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨdƌĂŶƐƉŽƌƚĂƚŝŽŶ͛ƐƌĞƐŽƵƌĐĞƐĂƌĞĂǀĂŝůĂďůĞ͘ ŶW^ǁŝůůďĞŝŶƐƚĂůůĞĚŝĨƚŚĞƌĂŶŬŝŶŐŽĨƚŚĞƌĞƋƵĞƐƚĞĚůŽĐĂƚŝŽŶƐŵĞĞƚƐŽƌĞdžĐĞĞĚƐƚŚĞĂǀĞƌĂŐĞƌĂŶŬŝŶŐƐ ŽĨƚŚĞĞdžŝƐƚŝŶŐ͕ŝŶͲƉůĂĐĞ͕ĐĐĞƐƐŝďůĞWĞĚĞƐƚƌŝĂŶ^ŝŐŶĂůƐ͖ĂŶĚǁŝƚŚƚŚĞƌĞĐŽŵŵĞŶĚĂƚŝŽŶŽĨƚŚĞŝƚLJ ŶŐŝŶĞĞƌĂŶĚŝƚLJdƌĂĨĨŝĐ ŶŐŝŶĞĞƌ͖ĂŶĚŝĨŝƚLJ͕KůŵƐƚĞĚŽƵŶƚLJ͕ĂŶĚDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ dƌĂŶƐƉŽƌƚĂƚŝŽŶĨŝŶĂŶĐŝĂůƌĞƐŽƵƌĐĞƐĂƌĞĂǀĂŝůĂďůĞ͘ dŚĞƌĞƐƵůƚŽĨĨŽůůŽǁŝŶŐƚŚĞŝƚLJŐŽĂůƚŽƌĞƉůĂĐĞŽƌƌĞƚƌŽĨŝƚĨŽƵƌĐƵƌƌĞŶƚůLJĞdžŝƐƚŝŶŐƚƌĂĨĨŝĐƐŝŐŶĂůƐƉĞƌLJĞĂƌ ǁŝůůďĞƚŚĂƚ͕ĂůůŝƚLJƐŝŐŶĂůƐĂƌĞĞdžƉĞĐƚĞĚƚŽŵĞĞƚƚŚĞĐƵƌƌĞŶƚƐƚĂŶĚĂƌĚƐďLJϮϬϰϰ͕ĂƚĂŶĞƐƚŝŵĂƚĞĚĐŽƐƚŽĨ Ψϳ͕ϮϬϱ͕ϬϬϬ͘ ϴͮWĂŐĞ 3DFNHW3J )E ŚĞƌĂĐŽŵƉůĂŝŶƚŚĂƐďĞĞŶĨŝůĞĚǁŝƚŚƚŚĞĞƉĂƌƚŵĞŶƚŽĨ:ƵƐƚŝĐĞŽƌŽƚŚĞƌ ĨĞĚĞƌĂůŽƌƐƚĂƚĞĐŝǀŝůƌŝŐŚƚƐĂŐĞŶĐLJŽƌĐŽƵƌƚ͘ /ĨĂĐŽŵƉůĂŝŶƚŚĂƐďĞĞŶĨŝůĞĚ͕ƚŚĞŶĂŵĞŽĨƚŚĞĂŐĞŶĐLJŽƌĐŽƵƌƚǁŚĞƌĞƚŚĞĐŽŵƉůĂŝŶƚǁĂƐĨŝůĞĚ͕ ƚŚĞĚĂƚĞƚŚĞĐŽŵƉůĂŝŶƚǁĂƐĨŝůĞĚ͕ĂŶĚƚŚĞŶĂŵĞĂĚĚƌĞƐƐĂŶĚƚĞůĞƉŚŽŶĞŶƵŵďĞƌŽĨƚŚĞĐŽŶƚĂĐƚ ƉĞƌƐŽŶǁŝƚŚƚŚĞĂŐĞŶĐLJǁŝƚŚǁŚŝĐŚƚŚĞĐŽŵƉůĂŝŶƚǁĂƐĨŝůĞĚ͘ tŝƚŚŝŶϭϱĐĂůĞŶĚĂƌĚĂLJƐĂĨƚĞƌƌĞĐĞŝƉƚŽĨƚŚĞĐŽŵƉůĂŝŶƚ͕ƚŚĞWƵďůŝĐtŽƌŬƐŝƌĞĐƚŽƌŽƌƚŚĞŝƌĚĞƐŝŐŶĞĞǁŝůů ŵĞĞƚǁŝƚŚƚŚĞĐŽŵƉůĂŝŶĂŶƚƚŽĚŝƐĐƵƐƐƚŚĞĐŽŵƉůĂŝŶƚĂŶĚƚŚĞƉŽƐƐŝďůĞƌĞƐŽůƵƚŝŽŶƐ͘tŝƚŚŝŶϭϱĐĂůĞŶĚĂƌ ĚĂLJƐŽĨƚŚĞŵĞĞƚŝŶŐ͕ƚŚĞWƵďůŝĐtŽƌŬƐŝƌĞĐƚŽƌŽƌƚŚĞŝƌĚĞƐŝŐŶĞĞǁŝůůƌĞƐƉŽŶĚŝŶǁƌŝƚŝŶŐ͕ĂŶĚǁŚĞƌĞ ĂƉƉƌŽƉƌŝĂƚĞ͕ŝŶĂĨŽƌŵĂƚĂĐĐĞƐƐŝďůĞƚŽƚŚĞĐŽŵƉůĂŝŶĂŶƚ͕ƐƵĐŚĂƐůĂƌŐĞƉƌŝŶƚ͕ƌĂŝůůĞ͕ŽƌĂƵĚŝŽƚĂƉĞ͘dŚĞ ϵͮWĂŐĞ 3DFNHW3J )E ƌĞƐƉŽŶƐĞǁŝůůĞdžƉůĂŝŶƚŚĞƉŽƐŝƚŝŽŶŽĨƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌĂŶĚŽĨĨĞƌŽƉƚŝŽŶƐĨŽƌƐƵďƐƚĂŶƚŝǀĞƌĞƐŽůƵƚŝŽŶŽĨ ƚŚĞĐŽŵƉůĂŝŶƚ͘ /ĨƚŚĞƌĞƐƉŽŶƐĞďLJƚŚĞWƵďůŝĐtŽƌŬƐŝƌĞĐƚŽƌŽƌƚŚĞŝƌĚĞƐŝŐŶĞĞĚŽĞƐŶŽƚƐĂƚŝƐĨĂĐƚŽƌŝůLJƌĞƐŽůǀĞƚŚĞŝƐƐƵĞ͕ ƚŚĞĐŽŵƉůĂŝŶĂŶƚĂŶĚͬŽƌƚŚĞŝƌĚĞƐŝŐŶĞĞŵĂLJĂƉƉĞĂůƚŚĞĚĞĐŝƐŝŽŶǁŝƚŚŝŶϭϱĐĂůĞŶĚĂƌĚĂLJƐĂĨƚĞƌƌĞĐĞŝƉƚŽĨ ƚŚĞƌĞƐƉŽŶƐĞƚŽƚŚĞŝƚLJĚŵŝŶŝƐƚƌĂƚŽƌŽƌƚŚĞŝƌĚĞƐŝŐŶĞĞ͘ tŝƚŚŝŶϭϱĐĂůĞŶĚĂƌĚĂLJƐĂĨƚĞƌƌĞĐĞŝƉƚŽĨƚŚĞĂƉƉĞĂů͕ƚŚĞŝƚLJĚŵŝŶŝƐƚƌĂƚŽƌŽƌŚŝƐͬŚĞƌĚĞƐŝŐŶĞĞǁŝůůŵĞĞƚ ǁŝƚŚƚŚĞĐŽŵƉůĂŝŶĂŶƚƚŽĚŝƐĐƵƐƐƚŚĞĐŽŵƉůĂŝŶƚĂŶĚƉŽƐƐŝďůĞƌĞƐŽůƵƚŝŽŶƐ͘tŝƚŚŝŶϭϱĐĂůĞŶĚĂƌĚĂLJƐĂĨƚĞƌ ƚŚĞŵĞĞƚŝŶŐ͕ƚŚĞŝƚLJĚŵŝŶŝƐƚƌĂƚŽƌŽƌŚŝƐͬŚĞƌĚĞƐŝŐŶĞĞǁŝůůƌĞƐƉŽŶĚŝŶǁƌŝƚŝŶŐ͕ĂŶĚ͕ǁŚĞƌĞĂƉƉƌŽƉƌŝĂƚĞ͕ ŝŶĂĨŽƌŵĂƚĂĐĐĞƐƐŝďůĞƚŽƚŚĞĐŽŵƉůĂŝŶĂŶƚ͕ǁŝƚŚĂĨŝŶĂůƌĞƐŽůƵƚŝŽŶŽĨƚŚĞĐŽŵƉůĂŝŶƚ͘ ůůǁƌŝƚƚĞŶĐŽŵƉůĂŝŶƚƐƌĞĐĞŝǀĞĚďLJƚŚĞWƵďůŝĐtŽƌŬƐŝƌĞĐƚŽƌŽƌƚŚĞŝƌĚĞƐŝŐŶĞĞ͕ĂƉƉĞĂůƐƚŽƚŚĞŝƚLJ ĚŵŝŶŝƐƚƌĂƚŽƌŽƌƚŚĞŝƌĚĞƐŝŐŶĞĞ͕ĂŶĚƌĞƐƉŽŶƐĞƐĨƌŽŵƚŚĞƐĞƚǁŽŽĨĨŝĐĞƐǁŝůůďĞƌĞƚĂŝŶĞĚďLJƚŚĞŝƚLJŽĨ ZŽĐŚĞƐƚĞƌůĞƌŬ͛ƐKĨĨŝĐĞĨŽƌĂƚůĞĂƐƚƚŚƌĞĞLJĞĂƌƐ͘ ϭϬͮWĂŐĞ 3DFNHW3J )E KDW>/EEd/E&KZDd/KE 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ǁŝƚŶĞƐƐƚŚŝƐŽǀĞƌƚŚĞLJĞĂƌƐĂƐƌ͘tĞŶƚĞΖƐŚŽƵƐĞ͕ĂĐƌŽƐƐƚŚĞƐƚƌĞĞƚĨƌŽŵŽƵƌŚŽƵƐĞ͕ǁĞŶƚĨƌŽŵĂ 3DFNHW3J +G ŵƵĐŚďĞůŽǀĞĚŚŽŵĞƚŽĂƌĞŶƚĂůĨŽƌĂƚůĞĂƐƚϱŵĞŶ͕ũƵƐƚŽƵƚŽĨĐŽůůĞŐĞ͘dŚĞƉƌŽƉĞƌƚLJŚĂƐ ĚĞĐůŝŶĞĚ͘ŶĚƚŚĞŵĂŶLJĐŽŵƉůĂŝŶƚƐĨƌŽŵƚŚĞŶĞŝŐŚďŽƌƐƚŽƚŚĞƉƌŽƉĞƌƚLJŵĂŶĂŐĞŵĞŶƚĐŽŵƉĂŶLJ ĂƌĞŶĞǀĞƌƌĞƐŽůǀĞĚ͘/ŵĂLJĂĚĚƚŚĂƚƚŚŝƐƉƌŽƉĞƌƚLJŝƐŽǁŶĞĚďLJƚǁŽĚŽĐƚŽƌƐ͘/ǁŽŶĚĞƌŚŽǁƚŚĞLJ ǁŽƵůĚĨĞĞůŝĨǁĞƉƵƌĐŚĂƐĞĚĂŚŽƵƐĞŶĞdžƚƚŽƚŚĞŝƌƐĂŶĚůĞƚŝƚĚĞĐůŝŶĞ͘KZĂůůŽǁĞĚϱƌĞŶƚĞƌƐŝŶŽŶĞ ƉƌŽƉĞƌƚLJǁŝƚŚϱĐĂƌƐ͕ŽƌŵŽƌĞ͘ΗŚƌŝƐƚĞůZŝĐŚƚĞƌ Η/ŚĂǀĞŚĂĚƚŚŝƐĐŽŶĐĞƌŶĨŽƌŵĂŶLJLJĞĂƌƐ͘/ůŝǀĞŽŶϭϲƚŚǀĞ^t͕ĂŶĚǁĞƉƌŽďĂďůLJŚĂǀĞϯϱйŽƌ ŵŽƌĞƌĞŶƚĂůĂŶĚŝƌŶƐ͊dŚĂŶŬƐΗ^ƚĞǀĞ<ƌŝĞƌ ΗtĞůůƐĂŝĚ͊Η ƌŝĐŽƌŝƐĐŚ ZĞƐƉĞĐƚĨƵůůLJƐƵďŵŝƚƚĞĚ͕ ^ƵƐĂŶtĞƐĐŽƚƚ ϱϮϬϭϱƚŚǀĞ^t ZŽĐŚĞƐƚĞƌ͕DEϱϱϵϬϮ ĐĞůů͗;ϱϬϳͿϮϲϭͲϵϲϵϬ &ƌŽŵ͗ ŽŶEŽƌĚŝŶĞфĚŵŶŽƌĚŝŶĞΛŐŵĂŝů͘ĐŽŵх ^ĞŶƚ͗ DŽŶĚĂLJ͕DĂLJϭϴ͕ϮϬϮϬϭϮ͗ϯϳWD dŽ͗ DŝĐŚĂĞůtŽũĐŝŬфǀŽƚĞǁŽũĐŝŬΛŐŵĂŝů͘ĐŽŵх Đ͗ ŝůĚĞƌďĂĐŬ͕DĂƌŬфŵďŝůĚĞƌďĂĐŬΛƌŽĐŚĞƐƚĞƌŵŶ͘ŐŽǀх͖ĂŵƉŝŽŶ͕EŝĐŚŽůĂƐ фEĂŵƉŝŽŶΛƌŽĐŚĞƐƚĞƌŵŶ͘ŐŽǀх͖ŝŶĂŚ&ƌĂŶnjфĚŝŶĂŚ͘ĨƌĂŶnjΛďLJƌŽŶ͘ŬϭϮ͘ŵŶ͘ƵƐх͖,ĞůĞŶDŽŶƐĞĞƐ фŚŵŽŶƐĞĞƐϰϮϱΛŐŵĂŝů͘ĐŽŵх͖:ŽŚŶƐŽŶ͕ŶŶĂůŝƐƐĂфů:ŽŚŶƐŽŶΛƌŽĐŚĞƐƚĞƌŵŶ͘ŐŽǀх͖:ŽůĞŶĞ&ŽŶŐ 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