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January 4, 2021 Agenda Packet
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ŝŶƐƉĞĐƚŝŽŶĂƚƚŚĞĞŶĚŽĨƚŚĞƉƌŽũĞĐƚ ŶƐƵƌŝŶŐĐŽŵƉůĞƚŝŽŶŽĨĂůůŚĞĂůƚŚLJŚŽŵĞƐŝŶƚĞƌǀĞŶƚŝŽŶƐĨŽƌƚŚĞƵŶŝƚ͘dŚĞƐĐŽƉĞŽĨǁŽƌŬĨŽƌ x ŚĞĂůƚŚLJŚŽŵĞƐŝŶƚĞƌǀĞŶƚŝŽŶƐǁŝůůďĞĚĞƚĞƌŵŝŶĞĚďLJƚŚĞ^ƚĂƚĞ͕ŝŶĐŽŶƐƵůƚĂƚŝŽŶǁŝƚŚƚŚĞ'ƌĂŶƚĞĞ DĂŝŶƚĂŝŶŝŶŐĐŽŵƉůĞƚĞŐƌĂŶƚĨŝůĞƐĨŽƌĞĂĐŚƵŶŝƚĂŶĚƉƌŽǀŝĚŝŶŐƚŚĞĐŽŵƉůĞƚĞĚŐƌĂŶƚĨŝůĞƚŽƚŚĞ x ^ƚĂƚĞŝŵŵĞĚŝĂƚĞůLJƵƉŽŶĐŽŵƉůĞƚŝŽŶŽĨƚŚĞƵŶŝƚ͘dŚĞ^ƚĂƚĞĂŶĚ,hŵĂLJƌĞƋƵĞƐƚŽƌŝŶƐƉĞĐƚƵŶŝƚ ĨŝůĞƐŝŶǁŚŽůĞŽƌŝŶƉĂƌƚĂƚĂŶLJƚŝŵĞĚƵƌŝŶŐƚŚĞƉƌŽũĞĐƚ WƌŽŵŽƚĞĂǀĂŝůĂďůĞƚƌĂŝŶŝŶŐŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌďƵŝůĚĞƌƐĂŶĚĐŽŶƚƌĂĐƚŽƌƐƚŽďĞĐŽŵĞĐĞƌƚŝĨŝĞĚŝŶ x ůĞĂĚĂďĂƚĞŵĞŶƚĂŶĚZZW WĂŐĞϰŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )D ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ŽŶĚƵĐƚĐŽŵŵƵŶŝƚLJĞĚƵĐĂƚŝŽŶŽŶƚŚĞŚĞĂůƚŚĞĨĨĞĐƚƐŽĨůĞĂĚŚĂnjĂƌĚƐĂŶĚƚŚĞĂǀĂŝůĂďŝůŝƚLJŽĨůĞĂĚ x ŚĂnjĂƌĚƌĞĚƵĐƚŝŽŶĨƵŶĚŝŶŐ ŽůůĂďŽƌĂƚĞǁŝƚŚƚŚĞ^ƚĂƚĞƚŽĞŶƐƵƌĞƚŚĂƚĞůŝŐŝďůĞƵŶŝƚƐĂƌĞŝĚĞŶƚŝĨŝĞĚƐŽƚŚĂƚůĞĂĚŚĂnjĂƌĚ x ƌĞĚƵĐƚŝŽŶĂĐƚŝǀŝƚŝĞƐĂƌĞĐŽŵƉůĞƚĞĚŽŶĂƚůĞĂƐƚϯϭĞůŝŐŝďůĞƵŶŝƚƐǁŝƚŚŝŶƚŚĞŐƌĂŶƚƉĞƌŝŽĚ ŽŵƉůLJǁŝƚŚĂůůĂƉƉůŝĐĂďůĞƐƚĂƚĞĂŶĚĨĞĚĞƌĂůůĂǁƐĂŶĚƌĞŐƵůĂƚŝŽŶƐ͕ĂƐǁĞůůĂƐ,hƉŽůŝĐŝĞƐĂŶĚ x ƉƌŽĐĞĚƵƌĞƐ ϯ͘dŝŵĞ 'ƌĂŶƚĞĞŵƵƐƚĐŽŵƉůLJǁŝƚŚĂůůƚŚĞƚŝŵĞƌĞƋƵŝƌĞŵĞŶƚƐĚĞƐĐƌŝďĞĚŝŶƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͘/ŶƚŚĞ ƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕ƚŝŵĞŝƐŽĨƚŚĞĞƐƐĞŶĐĞ͕ĂŶĚĨĂŝůƵƌĞƚŽŵĞĞƚĂĚĞĂĚůŝŶĞ ŵĂLJďĞĂďĂƐŝƐĨŽƌĂĚĞƚĞƌŵŝŶĂƚŝŽŶďLJD,͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞƚŚĂƚ'ƌĂŶƚĞĞŚĂƐŶŽƚ ĐŽŵƉůŝĞĚǁŝƚŚƚŚĞƚĞƌŵƐŽĨƚŚĞŐƌĂŶƚ͘ 'ƌĂŶƚĞĞŝƐƌĞƋƵŝƌĞĚƚŽƉĞƌĨŽƌŵĂůůŽĨƚŚĞĚƵƚŝĞƐƌĞĐŝƚĞĚĂďŽǀĞǁŝƚŚŝŶƚŚĞŐƌĂŶƚƉĞƌŝŽĚ͘D,ŝƐ ŶŽƚŽďůŝŐĂƚĞĚƚŽĞdžƚĞŶĚƚŚĞŐƌĂŶƚƉĞƌŝŽĚ͘ ϰ͘ŽŶƐŝĚĞƌĂƚŝŽŶĂŶĚWĂLJŵĞŶƚ ϰ͘ϭ͘ŽŶƐŝĚĞƌĂƚŝŽŶ [[453,1418,466,1475][12][B,I,][Arial]] D,ǁŝůůƉĂLJĨŽƌĂůůƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚďLJ'ƌĂŶƚĞĞƵŶĚĞƌƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚĂƐ ĨŽůůŽǁƐ͗ ϰ͘ϭ͘ϭ͘ŽŵƉĞŶƐĂƚŝŽŶ͘ [[641,1651,654,1708][12][B,I,][Arial]] 'ƌĂŶƚĞĞǁŝůůďĞƉĂŝĚĂĐĐŽƌĚŝŶŐƚŽƚŚĞďƌĞĂŬĚŽǁŶŽĨĐŽƐƚƐĐŽŶƚĂŝŶĞĚŝŶdžŚŝďŝƚ͕ ǁŚŝĐŚŝƐĂƚƚĂĐŚĞĚĂŶĚŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽƚŚŝƐĂŐƌĞĞŵĞŶƚ͘ ϰ͘ϭ͘Ϯ͘dŽƚĂůKďůŝŐĂƚŝŽŶ [[641,1884,654,1941][12][B,I,][Arial]] dŚĞƚŽƚĂůŽďůŝŐĂƚŝŽŶŽĨD,ĨŽƌĂůůĐŽŵƉĞŶƐĂƚŝŽŶĂŶĚƌĞŝŵďƵƌƐĞŵĞŶƚƐƚŽ 'ƌĂŶƚĞĞƵŶĚĞƌƚŚŝƐĂŐƌĞĞŵĞŶƚǁŝůůŶŽƚĞdžĐĞĞĚΨϱϬϳ͕ϭϴϮ͘ϳϴ͘ ϰ͘ϭ͘ϯ͘dƌĂǀĞůdžƉĞŶƐĞƐ [[641,2117,654,2174][12][B,I,][Arial]] 'ƌĂŶƚĞĞǁŝůůďĞƌĞŝŵďƵƌƐĞĚĨŽƌƚƌĂǀĞůĂŶĚƐƵďƐŝƐƚĞŶĐĞĞdžƉĞŶƐĞƐŝŶƚŚĞƐĂŵĞ ŵĂŶŶĞƌĂŶĚŝŶŶŽŐƌĞĂƚĞƌĂŵŽƵŶƚƚŚĂŶƉƌŽǀŝĚĞĚŝŶƚŚĞĐƵƌƌĞŶƚ͞ŽŵŵŝƐƐŝŽŶĞƌ͛Ɛ WůĂŶ͟ƉƌŽŵƵůŐĂƚĞĚďLJƚŚĞŽŵŵŝƐƐŝŽŶĞƌŽĨDŝŶŶĞƐŽƚĂDĂŶĂŐĞŵĞŶƚĂŶĚƵĚŐĞƚ ;͞DD͟Ϳ͘'ƌĂŶƚĞĞǁŝůůŶŽƚďĞƌĞŝŵďƵƌƐĞĚĨŽƌƚƌĂǀĞůĂŶĚƐƵďƐŝƐƚĞŶĐĞĞdžƉĞŶƐĞƐ ŝŶĐƵƌƌĞĚŽƵƚƐŝĚĞDŝŶŶĞƐŽƚĂƵŶůĞƐƐŝƚŚĂƐƌĞĐĞŝǀĞĚD,͛ƐƉƌŝŽƌǁƌŝƚƚĞŶĂƉƉƌŽǀĂů ĨŽƌŽƵƚŽĨƐƚĂƚĞƚƌĂǀĞů͘DŝŶŶĞƐŽƚĂǁŝůůďĞĐŽŶƐŝĚĞƌĞĚƚŚĞŚŽŵĞƐƚĂƚĞĨŽƌ ĚĞƚĞƌŵŝŶŝŶŐǁŚĞƚŚĞƌƚƌĂǀĞůŝƐŽƵƚŽĨƐƚĂƚĞ͘ ϰ͘ϭ͘ϰ͘ƵĚŐĞƚDŽĚŝĨŝĐĂƚŝŽŶƐ [[641,2716,654,2773][12][B,I,][Arial]] DŽĚŝĨŝĐĂƚŝŽŶƐŐƌĞĂƚĞƌƚŚĂŶϭϬƉĞƌĐĞŶƚŽĨĂŶLJďƵĚŐĞƚůŝŶĞŝƚĞŵŝŶƚŚĞŵŽƐƚ ƌĞĐĞŶƚůLJĂƉƉƌŽǀĞĚďƵĚŐĞƚ;ůŝƐƚĞĚŝŶϰ͘ϭ͘ϭĂŶĚϰ͘ϭ͘ϯŽƌŝŶĐŽƌƉŽƌĂƚĞĚŝŶdžŚŝďŝƚͿ ƌĞƋƵŝƌĞƐƉƌŝŽƌǁƌŝƚƚĞŶĂƉƉƌŽǀĂůĨƌŽŵD,ĂŶĚŵƵƐƚďĞŝŶĚŝĐĂƚĞĚŽŶƐƵďŵŝƚƚĞĚ ƌĞƉŽƌƚƐ͘&ĂŝůƵƌĞƚŽŽďƚĂŝŶƉƌŝŽƌǁƌŝƚƚĞŶĂƉƉƌŽǀĂůĨŽƌŵŽĚŝĨŝĐĂƚŝŽŶƐŐƌĞĂƚĞƌƚŚĂŶ ϭϬƉĞƌĐĞŶƚŽĨĂŶLJďƵĚŐĞƚůŝŶĞŝƚĞŵŵĂLJƌĞƐƵůƚŝŶĚĞŶŝĂůŽĨŵŽĚŝĨŝĐĂƚŝŽŶƌĞƋƵĞƐƚ͕ WĂŐĞϱŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )D ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ůŽƐƐŽĨĨƵŶĚƐ͕ŽƌďŽƚŚ͘DŽĚŝĨŝĐĂƚŝŽŶƐĞƋƵĂůƚŽŽƌůĞƐƐƚŚĂŶϭϬƉĞƌĐĞŶƚŽĨĂŶLJ ďƵĚŐĞƚůŝŶĞŝƚĞŵĂƌĞƉĞƌŵŝƚƚĞĚǁŝƚŚŽƵƚƉƌŝŽƌĂƉƉƌŽǀĂůĨƌŽŵD,ƉƌŽǀŝĚĞĚƚŚĂƚ ƐƵĐŚŵŽĚŝĨŝĐĂƚŝŽŶŝƐŝŶĚŝĐĂƚĞĚŽŶƐƵďŵŝƚƚĞĚƌĞƉŽƌƚƐĂŶĚƚŚĂƚƚŚĞƚŽƚĂůŽďůŝŐĂƚŝŽŶ ŽĨD,ĨŽƌĂůůĐŽŵƉĞŶƐĂƚŝŽŶĂŶĚƌĞŝŵďƵƌƐĞŵĞŶƚƐƚŽ'ƌĂŶƚĞĞƐŚĂůůŶŽƚĞdžĐĞĞĚ ƚŚĞƚŽƚĂůŽďůŝŐĂƚŝŽŶůŝƐƚĞĚŝŶϰ͘ϭ͘Ϯ ϰ͘Ϯ͘dĞƌŵƐŽĨWĂLJŵĞŶƚ [[453,735,466,792][12][B,I,][Arial]] ϰ͘Ϯ͘ϭ͘/ŶǀŽŝĐĞƐ [[641,796,654,853][12][B,I,][Arial]] D,ǁŝůůƉƌŽŵƉƚůLJƉĂLJ'ƌĂŶƚĞĞĂĨƚĞƌ'ƌĂŶƚĞĞƉƌĞƐĞŶƚƐĂŶŝƚĞŵŝnjĞĚ ŝŶǀŽŝĐĞĨŽƌƚŚĞƐĞƌǀŝĐĞƐĂĐƚƵĂůůLJƉĞƌĨŽƌŵĞĚĂŶĚD,͛ƐƵƚŚŽƌŝnjĞĚ ZĞƉƌĞƐĞŶƚĂƚŝǀĞĂĐĐĞƉƚƐƚŚĞŝŶǀŽŝĐĞĚƐĞƌǀŝĐĞƐ͘/ŶǀŽŝĐĞƐŵƵƐƚďĞ ƐƵďŵŝƚƚĞĚŝŶĂƚŝŵĞůLJĨĂƐŚŝŽŶĂŶĚĂĐĐŽƌĚŝŶŐƚŽƚŚĞĨŽůůŽǁŝŶŐƐĐŚĞĚƵůĞ͗ hƉŽŶƋƵĂƌƚĞƌůLJĐŽŵƉůĞƚŝŽŶŽĨƚŚĞƐĞƌǀŝĐĞƐŽƵƚůŝŶĞĚŝŶ^ĞĐƚŝŽŶϮ͕ 'ƌĂŶƚĞĞ͛ƐƵƚŝĞƐ͕ƚŚĞŝŶǀŽŝĐŝŶŐĂŶĚƉĂLJŵĞŶƚƐĐŚĞĚƵůĞǁŝůůďĞĚƵĞďLJƚŚĞ ϮϬ ƚŚŽĨƚŚĞŵŽŶƚŚ;ŽƌƚŚĞŶĞdžƚďƵƐŝŶĞƐƐĚĂLJͿĨŽůůŽǁŝŶŐƚŚĞĐůŽƐĞŽĨƚŚĞ ƋƵĂƌƚĞƌ͗KĐƚŽďĞƌʹĞĐĞŵďĞƌ͕:ĂŶƵĂƌLJʹDĂƌĐŚ͕Ɖƌŝůʹ:ƵŶĞ͕:ƵůLJʹ ^ĞƉƚĞŵďĞƌ͘ [[225,1456,237,1513][12][B,I,][Times New Roman]] ϰ͘Ϯ͘Ϯ͘&ĞĚĞƌĂů&ƵŶĚƐ [[641,1514,654,1571][12][B,I,][Arial]] WĂLJŵĞŶƚƐƵŶĚĞƌƚŚŝƐĂŐƌĞĞŵĞŶƚǁŝůůďĞŵĂĚĞĨƌŽŵĨĞĚĞƌĂůĨƵŶĚƐ ŽďƚĂŝŶĞĚďLJD,ƚŚƌŽƵŐŚdŝƚůĞy͕&ŶƵŵďĞƌϭϰ͘ϵϬϬŽĨƚŚĞ,ŽƵƐŝŶŐ ĂŶĚŽŵŵƵŶŝƚLJĞǀĞůŽƉŵĞŶƚĐƚŽĨϭϵϵϮ͕ŝŶĐůƵĚŝŶŐƉƵďůŝĐůĂǁĂŶĚĂůů ĂŵĞŶĚŵĞŶƚƐ͘dŚĞEŽƚŝĐĞŽĨ'ƌĂŶƚǁĂƌĚ;E'ͿŶƵŵďĞƌŝƐDE>,ϬϳϮϳͲ ϭϵ͘'ƌĂŶƚĞĞŝƐƌĞƐƉŽŶƐŝďůĞĨŽƌĐŽŵƉůŝĂŶĐĞǁŝƚŚĂůůĨĞĚĞƌĂůƌĞƋƵŝƌĞŵĞŶƚƐ ŝŵƉŽƐĞĚŽŶƚŚĞƐĞĨƵŶĚƐĂŶĚĂĐĐĞƉƚƐĨƵůůĨŝŶĂŶĐŝĂůƌĞƐƉŽŶƐŝďŝůŝƚLJĨŽƌĂŶLJ ƌĞƋƵŝƌĞŵĞŶƚƐŝŵƉŽƐĞĚďLJ'ƌĂŶƚĞĞ͛ƐĨĂŝůƵƌĞƚŽĐŽŵƉůLJǁŝƚŚĨĞĚĞƌĂů ƌĞƋƵŝƌĞŵĞŶƚƐ͘/ĨĂƚĂŶLJƚŝŵĞĨĞĚĞƌĂůĨƵŶĚƐďĞĐŽŵĞƵŶĂǀĂŝůĂďůĞ͕ƚŚŝƐ ĂŐƌĞĞŵĞŶƚƐŚĂůůďĞƚĞƌŵŝŶĂƚĞĚŝŵŵĞĚŝĂƚĞůLJƵƉŽŶǁƌŝƚƚĞŶŶŽƚŝĐĞŽĨďLJ D,ƚŽ'ƌĂŶƚĞĞ͘/ŶƚŚĞĞǀĞŶƚŽĨƐƵĐŚĂƚĞƌŵŝŶĂƚŝŽŶ͕'ƌĂŶƚĞĞŝƐĞŶƚŝƚůĞĚ ƚŽƉĂLJŵĞŶƚ͕ĚĞƚĞƌŵŝŶĞĚŽŶĂƉƌŽƌĂƚĂďĂƐŝƐ͕ĨŽƌƐĞƌǀŝĐĞƐƐĂƚŝƐĨĂĐƚŽƌŝůLJ ƉĞƌĨŽƌŵĞĚ ϰ͘ϯ͘ŽŶƚƌĂĐƚŝŶŐĂŶĚŝĚĚŝŶŐZĞƋƵŝƌĞŵĞŶƚƐ [[453,2358,466,2415][12][B,I,][Arial]] ϰ͘ϯ͘ϭ͘DƵŶŝĐŝƉĂůŝƚŝĞƐ [[641,2419,654,2476][12][B,I,][Arial]] ŐƌĂŶƚĞĞƚŚĂƚŝƐĂŵƵŶŝĐŝƉĂůŝƚLJʹĚĞĨŝŶĞĚĂƐĂĐŽƵŶƚLJ͕ƚŽǁŶ͕ĐŝƚLJ͕ƐĐŚŽŽůĚŝƐƚƌŝĐƚ ŽƌŽƚŚĞƌŵƵŶŝĐŝƉĂůĐŽƌƉŽƌĂƚŝŽŶŽƌƉŽůŝƚŝĐĂůƐƵďĚŝǀŝƐŝŽŶŽĨD,ĂƵƚŚŽƌŝnjĞĚďLJůĂǁ ƚŽĞŶƚĞƌŝŶƚŽĐŽŶƚƌĂĐƚƐͲŝƐƐƵďũĞĐƚƚŽƚŚĞĐŽŶƚƌĂĐƚŝŶŐƌĞƋƵŝƌĞŵĞŶƚƐƐĞƚĨŽƌƚŚ ƵŶĚĞƌDŝŶŶ͘^ƚĂƚ͘Αϰϳϭ͘ϯϰϱ͘WƌŽũĞĐƚƐƚŚĂƚŝŶǀŽůǀĞĐŽŶƐƚƌƵĐƚŝŽŶǁŽƌŬĂƌĞƐƵďũĞĐƚ ƚŽƚŚĞĂƉƉůŝĐĂďůĞƉƌĞǀĂŝůŝŶŐǁĂŐĞůĂǁƐ͕ŝŶĐůƵĚŝŶŐƚŚŽƐĞƵŶĚĞƌDŝŶŶ͘^ƚĂƚ͘ Αϭϳϳ͘ϰϭ͕Ğƚ͘ƐĞƋ͘ ϰ͘ϯ͘Ϯ͘EŽŶͲŵƵŶŝĐŝƉĂůŝƚŝĞƐ [[641,2896,654,2953][12][B,I,][Arial]] WĂŐĞϲŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )D ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ 'ƌĂŶƚĞĞƐƚŚĂƚĂƌĞŶŽƚŵƵŶŝĐŝƉĂůŝƚŝĞƐŵƵƐƚĂĚŚĞƌĞƚŽƚŚĞĨŽůůŽǁŝŶŐƐƚĂŶĚĂƌĚƐŝŶ ƚŚĞĞǀĞŶƚƚŚĂƚĚƵƚŝĞƐĂƐƐŝŐŶĞĚƚŽ'ƌĂŶƚĞĞĂƌĞƚŽďĞƐƵďĐŽŶƚƌĂĐƚĞĚŽƵƚƚŽĂƚŚŝƌĚ ƉĂƌƚLJ͗ ŝ͘ŶLJƐĞƌǀŝĐĞƐŽƌŵĂƚĞƌŝĂůƐƚŚĂƚĂƌĞĞdžƉĞĐƚĞĚƚŽĐŽƐƚΨϭϬϬ͕ϬϬϬŽƌŵŽƌĞ ŵƵƐƚƵŶĚĞƌŐŽĂĨŽƌŵĂůŶŽƚŝĐĞĂŶĚďŝĚĚŝŶŐƉƌŽĐĞƐƐĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞ ƐƚĂŶĚĂƌĚƐƐĞƚĨŽƌƚŚƵŶĚĞƌDŝŶŶ͘^ƚĂƚ͘ĐŚ͘ϭϲ͘ ŝŝ͘^ĞƌǀŝĐĞƐŽƌŵĂƚĞƌŝĂůƐƚŚĂƚĂƌĞĞdžƉĞĐƚĞĚƚŽĐŽƐƚďĞƚǁĞĞŶΨϮϱ͕ϬϬϬĂŶĚ Ψϵϵ͕ϵϵϵŵƵƐƚďĞĐŽŵƉĞƚŝƚŝǀĞůLJĂǁĂƌĚĞĚďĂƐĞĚŽŶĂŵŝŶŝŵƵŵŽĨƚŚƌĞĞ ǀĞƌďĂůƋƵŽƚĞƐŽƌďŝĚƐ͘ ŝŝŝ͘^ĞƌǀŝĐĞƐŽƌŵĂƚĞƌŝĂůƐƚŚĂƚĂƌĞĞdžƉĞĐƚĞĚƚŽĐŽƐƚďĞƚǁĞĞŶΨϭϬ͕ϬϬϬĂŶĚ ΨϮϰ͕ϵϵϵŵƵƐƚďĞĐŽŵƉĞƚŝƚŝǀĞůLJĂǁĂƌĚĞĚďĂƐĞĚŽŶĂŵŝŶŝŵƵŵŽĨƚǁŽ ǀĞƌďĂůƋƵŽƚĞƐŽƌďŝĚƐŽƌĂǁĂƌĚĞĚƚŽĂƚĂƌŐĞƚĞĚǀĞŶĚŽƌ͘ ŝǀ͘'ƌĂŶƚĞĞŵƵƐƚƚĂŬĞĂůůŶĞĐĞƐƐĂƌLJĂĨĨŝƌŵĂƚŝǀĞƐƚĞƉƐƚŽĂƐƐƵƌĞƚŚĂƚƚĂƌŐĞƚĞĚ ǀĞŶĚŽƌƐĨƌŽŵďƵƐŝŶĞƐƐĞƐǁŝƚŚĂĐƚŝǀĞĐĞƌƚŝĨŝĐĂƚŝŽŶƐƚŚƌŽƵŐŚƚŚĞĨŽůůŽǁŝŶŐ ĞŶƚŝƚŝĞƐĂƌĞƵƐĞĚǁŚĞŶƉŽƐƐŝďůĞ͗ DŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨĚŵŝŶŝƐƚƌĂƚŝŽŶ͛ƐĞƌƚŝĨŝĞĚdĂƌŐĞƚĞĚ ϭͿ 'ƌŽƵƉ͕ĐŽŶŽŵŝĐĂůůLJŝƐĂĚǀĂŶƚĂŐĞĚĂŶĚsĞƚĞƌĂŶͲKǁŶĞĚsĞŶĚŽƌ >ŝƐƚ;ŚƚƚƉ͗ͬͬǁǁǁ͘ŵŵĚ͘ĂĚŵŝŶ͘ƐƚĂƚĞ͘ŵŶ͘ƵƐͬƉƌŽĐĞƐƐͬƐĞĂƌĐŚͬͿ͖ ϮͿDĞƚƌŽƉŽůŝƚĂŶŽƵŶĐŝů͛ƐdĂƌŐĞƚĞĚsĞŶĚŽƌůŝƐƚ͗DŝŶŶĞƐŽƚĂhŶŝĨŝĞĚ ĞƌƚŝĨŝĐĂƚŝŽŶWƌŽŐƌĂŵ;ŚƚƚƉƐ͗ͬͬŵŶƵĐƉ͘ŵĞƚĐ͘ƐƚĂƚĞ͘ŵŶ͘ƵƐͬͿ͖Žƌ ϯͿ^ŵĂůůƵƐŝŶĞƐƐĞƌƚŝĨŝĐĂƚŝŽŶWƌŽŐƌĂŵƚŚƌŽƵŐŚ,ĞŶŶĞƉŝŶŽƵŶƚLJ͕ ZĂŵƐĞLJŽƵŶƚLJ͕ĂŶĚŝƚLJŽĨ^ƚ͘WĂƵů͗ĞŶƚƌĂůĞƌƚŝĨŝĐĂƚŝŽŶWƌŽŐƌĂŵ ;ŚƚƚƉƐ͗ͬͬǁǁǁ͘ƐƚƉĂƵů͘ŐŽǀͬĚĞƉĂƌƚŵĞŶƚƐͬŚƵŵĂŶͲƌŝŐŚƚƐͲĞƋƵĂůͲ ĞĐŽŶŽŵŝĐͲŽƉƉŽƌƚƵŶŝƚLJͬĐŽŶƚƌĂĐƚͲĐŽŵƉůŝĂŶĐĞͲďƵƐŝŶĞƐƐͲ ĚĞǀĞůŽƉŵĞŶƚͬĐĞŶƚƌĂů͘ ǀ͘'ƌĂŶƚĞĞŵƵƐƚŵĂŝŶƚĂŝŶǁƌŝƚƚĞŶƐƚĂŶĚĂƌĚƐŽĨĐŽŶĚƵĐƚĐŽǀĞƌŝŶŐĐŽŶĨůŝĐƚƐŽĨ ŝŶƚĞƌĞƐƚĂŶĚŐŽǀĞƌŶŝŶŐƚŚĞĂĐƚŝŽŶƐŽĨŝƚƐĞŵƉůŽLJĞĞƐĞŶŐĂŐĞĚŝŶƚŚĞ ƐĞůĞĐƚŝŽŶ͕ĂǁĂƌĚŝŶŐĂŶĚĂĚŵŝŶŝƐƚƌĂƚŝŽŶŽĨĐŽŶƚƌĂĐƚƐ͘ ǀŝ͘'ƌĂŶƚĞĞŵƵƐƚŵĂŝŶƚĂŝŶƐƵƉƉŽƌƚĚŽĐƵŵĞŶƚĂƚŝŽŶŽĨƚŚĞƉƵƌĐŚĂƐŝŶŐŽƌ ďŝĚĚŝŶŐƉƌŽĐĞƐƐƵƚŝůŝnjĞĚƚŽĐŽŶƚƌĂĐƚƐĞƌǀŝĐĞƐŝŶƚŚĞŝƌĨŝŶĂŶĐŝĂůƌĞĐŽƌĚƐ͕ ŝŶĐůƵĚŝŶŐƐƵƉƉŽƌƚĚŽĐƵŵĞŶƚĂƚŝŽŶũƵƐƚŝĨLJŝŶŐĂƐŝŶŐůĞͬƐŽůĞƐŽƵƌĐĞďŝĚ͕ŝĨ ĂƉƉůŝĐĂďůĞ͘ ǀŝŝ͘EŽƚǁŝƚŚƐƚĂŶĚŝŶŐƉĂƌƚƐ;ŝͿƚŚƌŽƵŐŚ;ŝǀͿĂďŽǀĞ͕D,ŵĂLJǁĂŝǀĞƚŚĞĨŽƌŵĂů ďŝĚĚŝŶŐƉƌŽĐĞƐƐƌĞƋƵŝƌĞŵĞŶƚƐǁŚĞŶ͗ WĂŐĞϳŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )D ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ sĞŶĚŽƌƐŝŶĐůƵĚĞĚŝŶƌĞƐƉŽŶƐĞƚŽĂĐŽŵƉĞƚŝƚŝǀĞŐƌĂŶƚƌĞƋƵĞƐƚĨŽƌ x ƉƌŽƉŽƐĂůƉƌŽĐĞƐƐǁĞƌĞĂƉƉƌŽǀĞĚĂŶĚŝŶĐŽƌƉŽƌĂƚĞĚĂƐĂŶĂƉƉƌŽǀĞĚ ǁŽƌŬƉůĂŶĨŽƌƚŚĞŐƌĂŶƚŽƌ dŚĞƌĞŝƐŽŶůLJŽŶĞůĞŐŝƚŝŵĂƚĞŽƌƉƌĂĐƚŝĐĂůƐŽƵƌĐĞĨŽƌƐƵĐŚŵĂƚĞƌŝĂůƐ x ŽƌƐĞƌǀŝĐĞƐĂŶĚ'ƌĂŶƚĞĞŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĂƚƚŚĞǀĞŶĚŽƌŝƐ ĐŚĂƌŐŝŶŐĂĨĂŝƌĂŶĚƌĞĂƐŽŶĂďůĞƉƌŝĐĞ͘ ǀŝŝŝ͘WƌŽũĞĐƚƐƚŚĂƚŝŶǀŽůǀĞĐŽŶƐƚƌƵĐƚŝŽŶǁŽƌŬŽĨΨϮϱ͕ϬϬϬŽƌŵŽƌĞ͕ĂƌĞƐƵďũĞĐƚ ƚŽĂƉƉůŝĐĂďůĞƉƌĞǀĂŝůŝŶŐǁĂŐĞůĂǁƐ͕ŝŶĐůƵĚŝŶŐƚŚŽƐĞƵŶĚĞƌDŝŶŶ͘^ƚĂƚ͘ ΑΑϭϳϳ͘ϰϭƚŚƌŽƵŐŚϭϳϳ͘ϰϰ͘ ŝdž͘'ƌĂŶƚĞĞŵƵƐƚŶŽƚĐŽŶƚƌĂĐƚǁŝƚŚǀĞŶĚŽƌƐǁŚŽĂƌĞƐƵƐƉĞŶĚĞĚŽƌĚĞďĂƌƌĞĚ ŝŶDŝŶŶĞƐŽƚĂ͘dŚĞůŝƐƚŽĨĚĞďĂƌƌĞĚǀĞŶĚŽƌƐŝƐĂǀĂŝůĂďůĞĂƚ͗ ŚƚƚƉ͗ͬͬǁǁǁ͘ŵŵĚ͘ĂĚŵŝŶ͘ƐƚĂƚĞ͘ŵŶ͘ƵƐͬĚĞďĂƌƌĞĚƌĞƉŽƌƚ͘ĂƐƉ͘ ϱ͘ŽŶĚŝƚŝŽŶƐŽĨWĂLJŵĞŶƚ ůůƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞĚďLJ'ƌĂŶƚĞĞƉƵƌƐƵĂŶƚƚŽƚŚŝƐĂŐƌĞĞŵĞŶƚŵƵƐƚďĞƉĞƌĨŽƌŵĞĚƚŽƚŚĞ ƐĂƚŝƐĨĂĐƚŝŽŶŽĨD,͕ĂƐĚĞƚĞƌŵŝŶĞĚŝŶƚŚĞƐŽůĞĚŝƐĐƌĞƚŝŽŶŽĨŝƚƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞ͘ &ƵƌƚŚĞƌ͕ĂůůƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞĚďLJ'ƌĂŶƚĞĞŵƵƐƚďĞŝŶĂĐĐŽƌĚǁŝƚŚĂůůĂƉƉůŝĐĂďůĞĨĞĚĞƌĂů͕ƐƚĂƚĞ͕ ĂŶĚůŽĐĂůůĂǁƐ͕ŽƌĚŝŶĂŶĐĞƐ͕ƌƵůĞƐĂŶĚƌĞŐƵůĂƚŝŽŶƐ͘ZĞƋƵŝƌĞŵĞŶƚƐŽĨƌĞĐĞŝǀŝŶŐŐƌĂŶƚĨƵŶĚƐŵĂLJ ŝŶĐůƵĚĞ͕ďƵƚĂƌĞŶŽƚůŝŵŝƚĞĚƚŽ͗ĨŝŶĂŶĐŝĂůƌĞĐŽŶĐŝůŝĂƚŝŽŶƐŽĨƉĂLJŵĞŶƚƐƚŽ'ƌĂŶƚĞĞƐ͕ƐŝƚĞǀŝƐŝƚƐŽĨ 'ƌĂŶƚĞĞ͕ƉƌŽŐƌĂŵŵĂƚŝĐŵŽŶŝƚŽƌŝŶŐŽĨǁŽƌŬƉĞƌĨŽƌŵĞĚďLJ'ƌĂŶƚĞĞĂŶĚƉƌŽŐƌĂŵĞǀĂůƵĂƚŝŽŶ͘ 'ƌĂŶƚĞĞǁŝůůŶŽƚďĞƉĂŝĚĨŽƌǁŽƌŬƚŚĂƚD,ĚĞĞŵƐƵŶƐĂƚŝƐĨĂĐƚŽƌLJ͕ŽƌƉĞƌĨŽƌŵĞĚŝŶǀŝŽůĂƚŝŽŶŽĨ ĨĞĚĞƌĂů͕ƐƚĂƚĞŽƌůŽĐĂůůĂǁ͕ŽƌĚŝŶĂŶĐĞ͕ƌƵůĞŽƌƌĞŐƵůĂƚŝŽŶ͘ ϲ͘ƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞƐ ϲ͘ϭ͘^ƚĂƚĞ͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞ [[453,1978,466,2035][12][B,I,][Arial]] D,͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞĨŽƌƉƵƌƉŽƐĞƐŽĨĂĚŵŝŶŝƐƚĞƌŝŶŐƚŚŝƐĂŐƌĞĞŵĞŶƚ ŝƐ^ƚĞƉŚĂŶŝĞzĞŶĚĞůů͕,Z/^ƵƉĞƌǀŝƐŽƌΘWƌŽũĞĐƚŝƌĞĐƚŽƌ͕WKŽdžϲϰϵϳϱ^ƚ͘WĂƵů͕ DEϱϱϭϲϰͲϬϵϳϱ͕ϲϱϭͲϮϬϭͲϰϴϵϰ͕^ƚĞƉŚĂŶŝĞ͘LJĞŶĚĞůůΛƐƚĂƚĞ͘ŵŶ͘ƵƐ͕ŽƌƚŚĞŝƌ ƐƵĐĐĞƐƐŽƌ͕ĂŶĚŚĂƐƚŚĞƌĞƐƉŽŶƐŝďŝůŝƚLJƚŽŵŽŶŝƚŽƌ'ƌĂŶƚĞĞ͛ƐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚĞ ĨŝŶĂůĂƵƚŚŽƌŝƚLJƚŽĂĐĐĞƉƚƚŚĞƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞĚƵŶĚĞƌƚŚŝƐĂŐƌĞĞŵĞŶƚ͘/ĨƚŚĞ ƐĞƌǀŝĐĞƐĂƌĞƐĂƚŝƐĨĂĐƚŽƌLJ͕D,͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞǁŝůůĐĞƌƚŝĨLJ ĂĐĐĞƉƚĂŶĐĞŽŶĞĂĐŚŝŶǀŽŝĐĞƐƵďŵŝƚƚĞĚĨŽƌƉĂLJŵĞŶƚ͘ ϲ͘Ϯ͘'ƌĂŶƚĞĞ͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞ [[453,2517,466,2574][12][B,I,][Arial]] 'ƌĂŶƚĞĞ͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞŝƐLJŶƚŚŝĂ^ƚĞŝŶŚĂƵƐĞƌ͕ŽŵŵƵŶŝƚLJ ĞǀĞůŽƉŵĞŶƚŝƌĞĐƚŽƌ͕ϰϬϬϭtĞƐƚZŝǀĞƌWŬǁLJEt͕^ƵŝƚĞϭϬϬ͕ZŽĐŚĞƐƚĞƌ͕DE ϱϱϵϬϭ͕ϱϬϳͲϯϮϴͲϮϬϭϱ͕ĐƐƚĞŝŶŚĂƵƐĞƌΛƌŽĐŚĞƐƚĞƌŵŶ͘ŐŽǀ͕ŽƌƚŚĞŝƌƐƵĐĐĞƐƐŽƌ͘ 'ƌĂŶƚĞĞ͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞŚĂƐĨƵůůĂƵƚŚŽƌŝƚLJƚŽƌĞƉƌĞƐĞŶƚ'ƌĂŶƚĞĞŝŶ ĨƵůĨŝůůŵĞŶƚŽĨƚŚĞƚĞƌŵƐ͕ĐŽŶĚŝƚŝŽŶƐ͕ĂŶĚƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚŝƐĂŐƌĞĞŵĞŶƚ͘/Ĩ 'ƌĂŶƚĞĞƐĞůĞĐƚƐĂŶĞǁƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞĂƚĂŶLJƚŝŵĞĚƵƌŝŶŐƚŚŝƐ ĂŐƌĞĞŵĞŶƚ͕'ƌĂŶƚĞĞŵƵƐƚŝŵŵĞĚŝĂƚĞůLJŶŽƚŝĨLJD,ŝŶǁƌŝƚŝŶŐ͕ǀŝĂĞͲŵĂŝůŽƌ ůĞƚƚĞƌ͘ WĂŐĞϴŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )D ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ϳ͘ƐƐŝŐŶŵĞŶƚ͕ŵĞŶĚŵĞŶƚƐ͕tĂŝǀĞƌ͕ĂŶĚ'ƌĂŶƚŐƌĞĞŵĞŶƚŽŵƉůĞƚĞ ϳ͘ϭ͘ƐƐŝŐŶŵĞŶƚ [[453,441,466,498][12][B,I,][Arial]] 'ƌĂŶƚĞĞƐŚĂůůŶĞŝƚŚĞƌĂƐƐŝŐŶŶŽƌƚƌĂŶƐĨĞƌĂŶLJƌŝŐŚƚƐŽƌŽďůŝŐĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐĂŐƌĞĞŵĞŶƚ ǁŝƚŚŽƵƚƚŚĞƉƌŝŽƌǁƌŝƚƚĞŶĐŽŶƐĞŶƚŽĨD,͘ ϳ͘Ϯ͘ŵĞŶĚŵĞŶƚƐ [[453,674,466,731][12][B,I,][Arial]] /ĨƚŚĞƌĞĂƌĞĂŶLJĂŵĞŶĚŵĞŶƚƐƚŽƚŚŝƐĂŐƌĞĞŵĞŶƚ͕ƚŚĞLJŵƵƐƚďĞŝŶǁƌŝƚŝŶŐ͘ŵĞŶĚŵĞŶƚƐ ǁŝůůŶŽƚďĞĞĨĨĞĐƚŝǀĞƵŶƚŝůƚŚĞLJŚĂǀĞďĞĞŶĞdžĞĐƵƚĞĚĂŶĚĂƉƉƌŽǀĞĚďLJD,ĂŶĚ'ƌĂŶƚĞĞ͘ ϳ͘ϯ͘tĂŝǀĞƌ [[453,907,466,964][12][B,I,][Arial]] /ĨD,ĨĂŝůƐƚŽĞŶĨŽƌĐĞĂŶLJƉƌŽǀŝƐŝŽŶŽĨƚŚŝƐĂŐƌĞĞŵĞŶƚ͕ƚŚĂƚĨĂŝůƵƌĞĚŽĞƐŶŽƚǁĂŝǀĞƚŚĞ ƉƌŽǀŝƐŝŽŶŽƌD,͛ƐƌŝŐŚƚƚŽĞŶĨŽƌĐĞŝƚ͘ ϳ͘ϰ͘'ƌĂŶƚŐƌĞĞŵĞŶƚŽŵƉůĞƚĞ [[453,1141,466,1198][12][B,I,][Arial]] dŚŝƐĂŐƌĞĞŵĞŶƚĐŽŶƚĂŝŶƐĂůůƚŚĞŶĞŐŽƚŝĂƚŝŽŶƐĂŶĚĂŐƌĞĞŵĞŶƚƐďĞƚǁĞĞŶD,ĂŶĚ 'ƌĂŶƚĞĞ͘EŽŽƚŚĞƌƵŶĚĞƌƐƚĂŶĚŝŶŐƌĞŐĂƌĚŝŶŐƚŚŝƐĂŐƌĞĞŵĞŶƚ͕ǁŚĞƚŚĞƌǁƌŝƚƚĞŶŽƌŽƌĂů͕ ŵĂLJďĞƵƐĞĚƚŽďŝŶĚĞŝƚŚĞƌƉĂƌƚLJ͘ ϴ͘>ŝĂďŝůŝƚLJ 'ƌĂŶƚĞĞŵƵƐƚŝŶĚĞŵŶŝĨLJĂŶĚŚŽůĚŚĂƌŵůĞƐƐD,͕ŝƚƐĂŐĞŶƚƐ͕ĂŶĚĞŵƉůŽLJĞĞƐĨƌŽŵĂůůĐůĂŝŵƐŽƌ ĐĂƵƐĞƐŽĨĂĐƚŝŽŶ͕ŝŶĐůƵĚŝŶŐĂƚƚŽƌŶĞLJƐ͛ĨĞĞƐŝŶĐƵƌƌĞĚďLJD,͕ĂƌŝƐŝŶŐĨƌŽŵƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨ ƚŚŝƐĂŐƌĞĞŵĞŶƚďLJ'ƌĂŶƚĞĞŽƌ'ƌĂŶƚĞĞ͛ƐĂŐĞŶƚƐŽƌĞŵƉůŽLJĞĞƐ͘dŚŝƐĐůĂƵƐĞǁŝůůŶŽƚďĞĐŽŶƐƚƌƵĞĚ ƚŽďĂƌĂŶLJůĞŐĂůƌĞŵĞĚŝĞƐ'ƌĂŶƚĞĞŵĂLJŚĂǀĞĨŽƌD,͛ƐĨĂŝůƵƌĞƚŽĨƵůĨŝůůŝƚƐŽďůŝŐĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐ ĂŐƌĞĞŵĞŶƚ͘EŽƚŚŝŶŐŝŶƚŚŝƐĐůĂƵƐĞŵĂLJďĞĐŽŶƐƚƌƵĞĚĂƐĂǁĂŝǀĞƌďLJ'ƌĂŶƚĞĞŽĨĂŶLJŝŵŵƵŶŝƚŝĞƐ ŽƌůŝŵŝƚĂƚŝŽŶƐŽĨůŝĂďŝůŝƚLJƚŽǁŚŝĐŚ'ƌĂŶƚĞĞŵĂLJďĞĞŶƚŝƚůĞĚƉƵƌƐƵĂŶƚƚŽDŝŶŶ͘^ƚĂƚ͘ĐŚ͘ϰϲϲ͕Žƌ ĂŶLJŽƚŚĞƌƐƚĂƚƵƚĞŽƌůĂǁ͘ ϵ͘^ƚĂƚĞƵĚŝƚƐ dŚĞƌĞůĞǀĂŶƚŬƐ͕ƌĞĐŽƌĚƐ͕ĚŽĐƵŵĞŶƚƐ͕ĂŶĚĂĐĐŽƵŶƚŝŶŐƉƌŽĐĞĚƵƌĞƐĂŶĚƉƌĂĐƚŝĐĞƐŽĨ'ƌĂŶƚĞĞ ĂŶĚĂŶLJŽƚŚĞƌƉĂƌƚLJĂƌĞƐƵďũĞĐƚƚŽĞdžĂŵŝŶĂƚŝŽŶƵŶĚĞƌDŝŶŶ͘^ƚĂƚ͘Αϭϲ͘ϵϴ͕ƐƵďĚ͘ϴ͕ďLJD, ĂŶĚƚŚĞDŝŶŶĞƐŽƚĂ^ƚĂƚĞƵĚŝƚŽƌŽƌƚŚĞDŝŶŶĞƐŽƚĂ>ĞŐŝƐůĂƚŝǀĞƵĚŝƚŽƌ͕ĂƐĂƉƉƌŽƉƌŝĂƚĞ͕ĨŽƌĂ ŵŝŶŝŵƵŵŽĨƐŝdžLJĞĂƌƐĨƌŽŵƚŚĞĞŶĚŽĨƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕ƌĞĐĞŝƉƚĂŶĚĂƉƉƌŽǀĂůŽĨĂůůĨŝŶĂů ƌĞƉŽƌƚƐ͕ŽƌƚŚĞƌĞƋƵŝƌĞĚƉĞƌŝŽĚŽĨƚŝŵĞƚŽƐĂƚŝƐĨLJĂůůƐƚĂƚĞĂŶĚƉƌŽŐƌĂŵƌĞƚĞŶƚŝŽŶƌĞƋƵŝƌĞŵĞŶƚƐ͕ ǁŚŝĐŚĞǀĞƌŝƐůĂƚĞƌ͘ ϭϬ͘'ŽǀĞƌŶŵĞŶƚĂƚĂWƌĂĐƚŝĐĞƐĂŶĚĂƚĂŝƐĐůŽƐƵƌĞ ϭϬ͘ϭ͘'ŽǀĞƌŶŵĞŶƚĂƚĂWƌĂĐƚŝĐĞƐ [[478,2511,491,2568][12][B,I,][Arial]] 'ƌĂŶƚĞĞĂŶĚD,ŵƵƐƚĐŽŵƉůLJǁŝƚŚƚŚĞDŝŶŶĞƐŽƚĂ'ŽǀĞƌŶŵĞŶƚĂƚĂWƌĂĐƚŝĐĞƐĐƚ͕ DŝŶŶ͘^ƚĂƚ͘ĐŚ͘ϭϯ͕ĂƐŝƚĂƉƉůŝĞƐƚŽĂůůĚĂƚĂƉƌŽǀŝĚĞĚďLJD,ƵŶĚĞƌƚŚŝƐĂŐƌĞĞŵĞŶƚ͕ĂŶĚ ĂƐŝƚĂƉƉůŝĞƐƚŽĂůůĚĂƚĂĐƌĞĂƚĞĚ͕ĐŽůůĞĐƚĞĚ͕ƌĞĐĞŝǀĞĚ͕ƐƚŽƌĞĚ͕ƵƐĞĚ͕ŵĂŝŶƚĂŝŶĞĚ͕Žƌ ĚŝƐƐĞŵŝŶĂƚĞĚďLJ'ƌĂŶƚĞĞƵŶĚĞƌƚŚŝƐĂŐƌĞĞŵĞŶƚWƵƌƐƵĂŶƚƚŽDŝŶŶ͘^ƚĂƚ͘Αϭϯ͘Ϭϱ͕ ƐƵďĚ͘ϭϭ;ĂͿ͘dŚĞĐŝǀŝůƌĞŵĞĚŝĞƐŽĨDŝŶŶ͘^ƚĂƚ͘Αϭϯ͘ϬϴĂƉƉůLJƚŽƚŚĞƌĞůĞĂƐĞŽĨƚŚĞĚĂƚĂ ƌĞĨĞƌƌĞĚƚŽŝŶƚŚŝƐĐůĂƵƐĞďLJĞŝƚŚĞƌ'ƌĂŶƚĞĞŽƌD,͘ /Ĩ'ƌĂŶƚĞĞƌĞĐĞŝǀĞƐĂƌĞƋƵĞƐƚƚŽƌĞůĞĂƐĞƚŚĞĚĂƚĂƌĞĨĞƌƌĞĚƚŽŝŶƚŚŝƐĐůĂƵƐĞ͕'ƌĂŶƚĞĞŵƵƐƚ ŝŵŵĞĚŝĂƚĞůLJŶŽƚŝĨLJD,͘D,ǁŝůůŐŝǀĞ'ƌĂŶƚĞĞŝŶƐƚƌƵĐƚŝŽŶƐĐŽŶĐĞƌŶŝŶŐƚŚĞƌĞůĞĂƐĞŽĨ WĂŐĞϵŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )D ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ƚŚĞĚĂƚĂƚŽƚŚĞƌĞƋƵĞƐƚŝŶŐƉĂƌƚLJďĞĨŽƌĞĂŶLJĚĂƚĂŝƐƌĞůĞĂƐĞĚ͘'ƌĂŶƚĞĞ͛ƐƌĞƐƉŽŶƐĞƚŽƚŚĞ ƌĞƋƵĞƐƚŵƵƐƚĐŽŵƉůLJǁŝƚŚƚŚĞĂƉƉůŝĐĂďůĞůĂǁ͘ ϭϬ͘Ϯ͘ĂƚĂŝƐĐůŽƐƵƌĞ [[478,552,491,609][12][B,I,][Arial]] 'ƌĂŶƚĞĞĐŽŶƐĞŶƚƐƚŽĚŝƐĐůŽƐƵƌĞŽĨŝƚƐƐŽĐŝĂůƐĞĐƵƌŝƚLJŶƵŵďĞƌ͕ĨĞĚĞƌĂůĞŵƉůŽLJĞĞƚĂdž ŝĚĞŶƚŝĨŝĐĂƚŝŽŶŶƵŵďĞƌ͕ŽƌDŝŶŶĞƐŽƚĂƚĂdžŝĚĞŶƚŝĨŝĐĂƚŝŽŶŶƵŵďĞƌͲͲǁŚŝĐŚŵĂLJŚĂǀĞĂůƌĞĂĚLJ ďĞĞŶƉƌŽǀŝĚĞĚƚŽD,ͲͲƚŽĨĞĚĞƌĂůĂŶĚƐƚĂƚĞƚĂdžĂŐĞŶĐŝĞƐĂŶĚƐƚĂƚĞƉĞƌƐŽŶŶĞůŝŶǀŽůǀĞĚ ŝŶƚŚĞƉĂLJŵĞŶƚŽĨƐƚĂƚĞŽďůŝŐĂƚŝŽŶƐƉƵƌƐƵĂŶƚƚŽDŝŶŶ͘^ƚĂƚ͘ΑϮϳϬ͘ϲϱ͕ƐƵďĚ͘ϯ͕ĂŶĚĂůů ŽƚŚĞƌĂƉƉůŝĐĂďůĞůĂǁƐ͘dŚĞƐĞŝĚĞŶƚŝĨŝĐĂƚŝŽŶŶƵŵďĞƌƐŵĂLJďĞƵƐĞĚŝŶƚŚĞĞŶĨŽƌĐĞŵĞŶƚŽĨ ĨĞĚĞƌĂůĂŶĚƐƚĂƚĞƚĂdžůĂǁƐǁŚŝĐŚĐŽƵůĚƌĞƐƵůƚŝŶĂĐƚŝŽŶƌĞƋƵŝƌŝŶŐ'ƌĂŶƚĞĞƚŽĨŝůĞƐƚĂƚĞƚĂdž ƌĞƚƵƌŶƐĂŶĚƉĂLJĚĞůŝŶƋƵĞŶƚƐƚĂƚĞƚĂdžůŝĂďŝůŝƚŝĞƐ͕ŝĨĂŶLJ͘ ϭϭ͘KǁŶĞƌƐŚŝƉŽĨƋƵŝƉŵĞŶƚ ŝƐƉŽƐŝƚŝŽŶŽĨĂůůĞƋƵŝƉŵĞŶƚƉƵƌĐŚĂƐĞĚƵŶĚĞƌƚŚŝƐŐƌĂŶƚƐŚĂůůďĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚϮ&ZϮϬϬ͘ &ŽƌĂůůĞƋƵŝƉŵĞŶƚŚĂǀŝŶŐĂĐƵƌƌĞŶƚƉĞƌƵŶŝƚĨĂŝƌŵĂƌŬĞƚǀĂůƵĞŽĨΨϱ͕ϬϬϬŽƌŵŽƌĞ͕D,ƐŚĂůů ŚĂǀĞƚŚĞƌŝŐŚƚƚŽƌĞƋƵŝƌĞƚƌĂŶƐĨĞƌŽĨƚŚĞĞƋƵŝƉŵĞŶƚ͕ŝŶĐůƵĚŝŶŐƚŝƚůĞ͕ƚŽƚŚĞ&ĞĚĞƌĂů'ŽǀĞƌŶŵĞŶƚ ŽƌƚŽĂŶĞůŝŐŝďůĞŶŽŶͲ&ĞĚĞƌĂůƉĂƌƚLJŶĂŵĞĚďLJD,͘dŚŝƐƌŝŐŚƚǁŝůůŶŽƌŵĂůůLJďĞĞdžĞƌĐŝƐĞĚďLJD, ŽŶůLJŝĨƚŚĞƉƌŽũĞĐƚŽƌƉƌŽŐƌĂŵĨŽƌǁŚŝĐŚƚŚĞĞƋƵŝƉŵĞŶƚǁĂƐĂĐƋƵŝƌĞĚŝƐƚƌĂŶƐĨĞƌƌĞĚĨƌŽŵŽŶĞ ŐƌĂŶƚĞĞƚŽĂŶŽƚŚĞƌ͘ ϭϮ͘KǁŶĞƌƐŚŝƉŽĨDĂƚĞƌŝĂůƐĂŶĚ/ŶƚĞůůĞĐƚƵĂůWƌŽƉĞƌƚLJZŝŐŚƚƐ ϭϮ͘ϭ͘KǁŶĞƌƐŚŝƉŽĨDĂƚĞƌŝĂůƐ [[478,1629,491,1686][12][B,I,][Arial]] D,ƐŚĂůůŽǁŶĂůůƌŝŐŚƚƐ͕ƚŝƚůĞĂŶĚŝŶƚĞƌĞƐƚŝŶĂůůŽĨƚŚĞŵĂƚĞƌŝĂůƐĐŽŶĐĞŝǀĞĚŽƌĐƌĞĂƚĞĚďLJ 'ƌĂŶƚĞĞ͕ŽƌŝƚƐĞŵƉůŽLJĞĞƐŽƌƐƵďŐƌĂŶƚĞĞƐ͕ĞŝƚŚĞƌŝŶĚŝǀŝĚƵĂůůLJŽƌũŽŝŶƚůLJǁŝƚŚŽƚŚĞƌƐĂŶĚ ǁŚŝĐŚĂƌŝƐĞŽƵƚŽĨƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕ŝŶĐůƵĚŝŶŐĂŶLJŝŶǀĞŶƚŝŽŶƐ͕ ƌĞƉŽƌƚƐ͕ƐƚƵĚŝĞƐ͕ĚĞƐŝŐŶƐ͕ĚƌĂǁŝŶŐƐ͕ƐƉĞĐŝĨŝĐĂƚŝŽŶƐ͕ŶŽƚĞƐ͕ĚŽĐƵŵĞŶƚƐ͕ƐŽĨƚǁĂƌĞĂŶĚ ĚŽĐƵŵĞŶƚĂƚŝŽŶ͕ĐŽŵƉƵƚĞƌďĂƐĞĚƚƌĂŝŶŝŶŐŵŽĚƵůĞƐ͕ĞůĞĐƚƌŽŶŝĐĂůůLJ͕ŵĂŐŶĞƚŝĐĂůůLJŽƌ ĚŝŐŝƚĂůůLJƌĞĐŽƌĚĞĚŵĂƚĞƌŝĂů͕ĂŶĚŽƚŚĞƌǁŽƌŬŝŶǁŚĂƚĞǀĞƌĨŽƌŵ;͞ŵĂƚĞƌŝĂůƐ͟Ϳ͘ 'ƌĂŶƚĞĞŚĞƌĞďLJĂƐƐŝŐŶƐƚŽD,ĂůůƌŝŐŚƚƐ͕ƚŝƚůĞĂŶĚŝŶƚĞƌĞƐƚƚŽƚŚĞŵĂƚĞƌŝĂůƐ͘'ƌĂŶƚĞĞ ƐŚĂůů͕ƵƉŽŶƌĞƋƵĞƐƚŽĨD,͕ĞdžĞĐƵƚĞĂůůƉĂƉĞƌƐĂŶĚƉĞƌĨŽƌŵĂůůŽƚŚĞƌĂĐƚƐŶĞĐĞƐƐĂƌLJƚŽ ĂƐƐŝƐƚD,ƚŽŽďƚĂŝŶĂŶĚƌĞŐŝƐƚĞƌĐŽƉLJƌŝŐŚƚƐ͕ƉĂƚĞŶƚƐŽƌŽƚŚĞƌĨŽƌŵƐŽĨƉƌŽƚĞĐƚŝŽŶ ƉƌŽǀŝĚĞĚďLJůĂǁĨŽƌƚŚĞŵĂƚĞƌŝĂůƐ͘dŚĞŵĂƚĞƌŝĂůƐĐƌĞĂƚĞĚƵŶĚĞƌƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚďLJ 'ƌĂŶƚĞĞ͕ŝƚƐĞŵƉůŽLJĞĞƐŽƌƐƵďŐƌĂŶƚĞĞƐ͕ŝŶĚŝǀŝĚƵĂůůLJŽƌũŽŝŶƚůLJǁŝƚŚŽƚŚĞƌƐ͕ƐŚĂůůďĞ ĐŽŶƐŝĚĞƌĞĚ͞ǁŽƌŬƐŵĂĚĞĨŽƌŚŝƌĞ͟ĂƐĚĞĨŝŶĞĚďLJƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐŽƉLJƌŝŐŚƚĐƚ͘ůůŽĨ ƚŚĞŵĂƚĞƌŝĂůƐ͕ǁŚĞƚŚĞƌŝŶƉĂƉĞƌ͕ĞůĞĐƚƌŽŶŝĐ͕ŽƌŽƚŚĞƌĨŽƌŵ͕ƐŚĂůůďĞƌĞŵŝƚƚĞĚƚŽD,ďLJ 'ƌĂŶƚĞĞ͘/ƚƐĞŵƉůŽLJĞĞƐĂŶĚĂŶLJƐƵďŐƌĂŶƚĞĞƐƐŚĂůůŶŽƚĐŽƉLJ͕ƌĞƉƌŽĚƵĐĞ͕ĂůůŽǁŽƌĐĂƵƐĞ ƚŽŚĂǀĞƚŚĞŵĂƚĞƌŝĂůƐĐŽƉŝĞĚ͕ƌĞƉƌŽĚƵĐĞĚŽƌƵƐĞĚĨŽƌĂŶLJƉƵƌƉŽƐĞŽƚŚĞƌƚŚĂŶ ƉĞƌĨŽƌŵĂŶĐĞŽĨ'ƌĂŶƚĞĞ͛ƐŽďůŝŐĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚǁŝƚŚŽƵƚƚŚĞƉƌŝŽƌ ǁƌŝƚƚĞŶĐŽŶƐĞŶƚŽĨD,͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞ͘ ϭϮ͘Ϯ͘/ŶƚĞůůĞĐƚƵĂůWƌŽƉĞƌƚLJZŝŐŚƚƐ [[478,2827,491,2884][12][B,I,][Arial]] 'ƌĂŶƚĞĞƌĞƉƌĞƐĞŶƚƐĂŶĚǁĂƌƌĂŶƚƐƚŚĂƚŵĂƚĞƌŝĂůƐƉƌŽĚƵĐĞĚŽƌƵƐĞĚƵŶĚĞƌƚŚŝƐŐƌĂŶƚ ĂŐƌĞĞŵĞŶƚĚŽŶŽƚĂŶĚǁŝůůŶŽƚŝŶĨƌŝŶŐĞƵƉŽŶĂŶLJŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƌŝŐŚƚƐŽĨĂŶŽƚŚĞƌ ŝŶĐůƵĚŝŶŐďƵƚŶŽƚůŝŵŝƚĞĚƚŽƉĂƚĞŶƚƐ͕ĐŽƉLJƌŝŐŚƚƐ͕ƚƌĂĚĞƐĞĐƌĞƚƐ͕ƚƌĂĚĞŶĂŵĞƐ͕ĂŶĚƐĞƌǀŝĐĞ WĂŐĞϭϬŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )D ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ŵĂƌŬƐĂŶĚŶĂŵĞƐ͘'ƌĂŶƚĞĞƐŚĂůůŝŶĚĞŵŶŝĨLJĂŶĚĚĞĨĞŶĚD,͕Ăƚ'ƌĂŶƚĞĞ͛ƐĞdžƉĞŶƐĞ͕ ĨƌŽŵĂŶLJĂĐƚŝŽŶŽƌĐůĂŝŵďƌŽƵŐŚƚĂŐĂŝŶƐƚD,ƚŽƚŚĞĞdžƚĞŶƚƚŚĂƚŝƚŝƐďĂƐĞĚŽŶĂĐůĂŝŵ ƚŚĂƚĂůůŽƌƉĂƌƚƐŽĨƚŚĞŵĂƚĞƌŝĂůƐŝŶĨƌŝŶŐĞƵƉŽŶƚŚĞŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƌŝŐŚƚƐŽĨ ĂŶŽƚŚĞƌ͘'ƌĂŶƚĞĞƐŚĂůůďĞƌĞƐƉŽŶƐŝďůĞĨŽƌƉĂLJŵĞŶƚŽĨĂŶLJĂŶĚĂůůƐƵĐŚĐůĂŝŵƐ͕ĚĞŵĂŶĚƐ͕ ŽďůŝŐĂƚŝŽŶƐ͕ůŝĂďŝůŝƚŝĞƐ͕ĐŽƐƚƐ͕ĂŶĚĚĂŵĂŐĞƐŝŶĐůƵĚŝŶŐ͕ďƵƚŶŽƚůŝŵŝƚĞĚƚŽ͕ƌĞĂƐŽŶĂďůĞ ĂƚƚŽƌŶĞLJĨĞĞƐĂƌŝƐŝŶŐŽƵƚŽĨƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕ĂŵĞŶĚŵĞŶƚƐĂŶĚƐƵƉƉůĞŵĞŶƚƐ ƚŚĞƌĞƚŽ͕ǁŚŝĐŚĂƌĞĂƚƚƌŝďƵƚĂďůĞƚŽƐƵĐŚĐůĂŝŵƐŽƌĂĐƚŝŽŶƐ͘/ĨƐƵĐŚĂĐůĂŝŵŽƌĂĐƚŝŽŶĂƌŝƐĞƐ ŽƌŝŶ'ƌĂŶƚĞĞ͛ƐŽƌD,͛ƐŽƉŝŶŝŽŶŝƐůŝŬĞůLJƚŽĂƌŝƐĞ͕'ƌĂŶƚĞĞƐŚĂůůĂƚD,͛ƐĚŝƐĐƌĞƚŝŽŶ ĞŝƚŚĞƌƉƌŽĐƵƌĞĨŽƌD,ƚŚĞƌŝŐŚƚŽƌůŝĐĞŶƐĞƚŽĐŽŶƚŝŶƵĞƵƐŝŶŐƚŚĞŵĂƚĞƌŝĂůƐĂƚŝƐƐƵĞŽƌ ƌĞƉůĂĐĞŽƌŵŽĚŝĨLJƚŚĞĂůůĞŐĞĚůLJŝŶĨƌŝŶŐŝŶŐŵĂƚĞƌŝĂůƐ͘dŚŝƐƌĞŵĞĚLJƐŚĂůůďĞŝŶĂĚĚŝƚŝŽŶƚŽ ĂŶĚƐŚĂůůŶŽƚďĞĞdžĐůƵƐŝǀĞŽĨŽƚŚĞƌƌĞŵĞĚŝĞƐƉƌŽǀŝĚĞĚďLJůĂǁ͘ ϭϯ͘tŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶ 'ƌĂŶƚĞĞĐĞƌƚŝĨŝĞƐƚŚĂƚŝƚŝƐŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚDŝŶŶ͘^ƚĂƚ͘Αϭϳϲ͘ϭϴϭ͕ƐƵďĚ͘Ϯ͕ǁŚŝĐŚƉĞƌƚĂŝŶƐƚŽ ǁŽƌŬĞƌƐ͛ĐŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞ͘'ƌĂŶƚĞĞ͛ƐĞŵƉůŽLJĞĞƐĂŶĚĂŐĞŶƚƐ͕ĂŶĚĂŶLJ ĐŽŶƚƌĂĐƚŽƌŚŝƌĞĚďLJ'ƌĂŶƚĞĞƚŽƉĞƌĨŽƌŵƚŚĞǁŽƌŬƌĞƋƵŝƌĞĚďLJƚŚŝƐ'ƌĂŶƚŐƌĞĞŵĞŶƚĂŶĚŝƚƐ ĞŵƉůŽLJĞĞƐ͕ǁŝůůŶŽƚďĞĐŽŶƐŝĚĞƌĞĚ^ƚĂƚĞĞŵƉůŽLJĞĞƐ͘ŶLJĐůĂŝŵƐƚŚĂƚŵĂLJĂƌŝƐĞƵŶĚĞƌƚŚĞ DŝŶŶĞƐŽƚĂtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶĐƚŽŶďĞŚĂůĨŽĨƚŚĞƐĞĞŵƉůŽLJĞĞƐ͕ĂŶĚĂŶLJĐůĂŝŵƐŵĂĚĞďLJ ĂŶLJƚŚŝƌĚƉĂƌƚLJĂƐĂĐŽŶƐĞƋƵĞŶĐĞŽĨĂŶLJĂĐƚŽƌŽŵŝƐƐŝŽŶŽŶƚŚĞƉĂƌƚŽĨƚŚĞƐĞĞŵƉůŽLJĞĞƐ͕ĂƌĞŝŶ ŶŽǁĂLJD,͛ƐŽďůŝŐĂƚŝŽŶŽƌƌĞƐƉŽŶƐŝďŝůŝƚLJ͘ ϭϰ͘WƵďůŝĐŝƚLJĂŶĚŶĚŽƌƐĞŵĞŶƚ ϭϰ͘ϭ͘WƵďůŝĐŝƚLJ [[478,1701,491,1758][12][B,I,][Arial]] ŶLJƉƵďůŝĐŝƚLJŐŝǀĞŶƚŽƚŚĞƉƌŽŐƌĂŵ͕ƉƵďůŝĐĂƚŝŽŶƐ͕ŽƌƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞĚƌĞƐƵůƚŝŶŐĨƌŽŵƚŚŝƐ ŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕ŝŶĐůƵĚŝŶŐ͕ďƵƚŶŽƚůŝŵŝƚĞĚƚŽ͕ŶŽƚŝĐĞƐ͕ŝŶĨŽƌŵĂƚŝŽŶĂůƉĂŵƉŚůĞƚƐ͕ƉƌĞƐƐ ƌĞůĞĂƐĞƐ͕ƌĞƐĞĂƌĐŚ͕ƌĞƉŽƌƚƐ͕ƐŝŐŶƐ͕ĂŶĚƐŝŵŝůĂƌƉƵďůŝĐŶŽƚŝĐĞƐƉƌĞƉĂƌĞĚďLJŽƌĨŽƌ'ƌĂŶƚĞĞ ŽƌŝƚƐĞŵƉůŽLJĞĞƐŝŶĚŝǀŝĚƵĂůůLJŽƌũŽŝŶƚůLJǁŝƚŚŽƚŚĞƌƐ͕ŽƌĂŶLJƐƵďŐƌĂŶƚĞĞƐƐŚĂůůŝĚĞŶƚŝĨLJ D,ĂƐƚŚĞƐƉŽŶƐŽƌŝŶŐĂŐĞŶĐLJĂŶĚƐŚĂůůŶŽƚďĞƌĞůĞĂƐĞĚǁŝƚŚŽƵƚƉƌŝŽƌǁƌŝƚƚĞŶĂƉƉƌŽǀĂů ďLJD,͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞ͕ƵŶůĞƐƐƐƵĐŚƌĞůĞĂƐĞŝƐĂƐƉĞĐŝĨŝĐƉĂƌƚŽĨĂŶ ĂƉƉƌŽǀĞĚǁŽƌŬƉůĂŶŝŶĐůƵĚĞĚŝŶƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͘ ϭϰ͘Ϯ͘ŶĚŽƌƐĞŵĞŶƚ [[478,2239,491,2296][12][B,I,][Arial]] 'ƌĂŶƚĞĞŵƵƐƚŶŽƚĐůĂŝŵƚŚĂƚD,ĞŶĚŽƌƐĞƐŝƚƐƉƌŽĚƵĐƚƐŽƌƐĞƌǀŝĐĞƐ͘ ϭϱ͘dĞƌŵŝŶĂƚŝŽŶ ϭϱ͘ϭ͘dĞƌŵŝŶĂƚŝŽŶďLJD,Žƌ'ƌĂŶƚĞĞ [[478,2472,491,2529][12][B,I,][Arial]] D,Žƌ'ƌĂŶƚĞĞŵĂLJĐĂŶĐĞůƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚĂƚĂŶLJƚŝŵĞ͕ǁŝƚŚŽƌǁŝƚŚŽƵƚĐĂƵƐĞ͕ ƵƉŽŶƚŚŝƌƚLJ;ϯϬͿĚĂLJƐǁƌŝƚƚĞŶŶŽƚŝĐĞƚŽƚŚĞŽƚŚĞƌƉĂƌƚLJ͘ ϭϱ͘Ϯ͘dĞƌŵŝŶĂƚŝŽŶĨŽƌĂƵƐĞ [[478,2705,491,2762][12][B,I,][Arial]] /Ĩ'ƌĂŶƚĞĞĨĂŝůƐƚŽĐŽŵƉůLJǁŝƚŚƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕D,ŵĂLJ ƚĞƌŵŝŶĂƚĞƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚǁŝƚŚŽƵƚƉƌĞũƵĚŝĐĞƚŽƚŚĞƌŝŐŚƚŽĨD,ƚŽƌĞĐŽǀĞƌĂŶLJ ŵŽŶĞLJƉƌĞǀŝŽƵƐůLJƉĂŝĚ͘dŚĞƚĞƌŵŝŶĂƚŝŽŶƐŚĂůůďĞĞĨĨĞĐƚŝǀĞĨŝǀĞďƵƐŝŶĞƐƐĚĂLJƐĂĨƚĞƌD, ŵĂŝůƐ͕ďLJĐĞƌƚŝĨŝĞĚŵĂŝů͕ƌĞƚƵƌŶƌĞĐĞŝƉƚƌĞƋƵĞƐƚĞĚ͕ǁƌŝƚƚĞŶŶŽƚŝĐĞŽĨƚĞƌŵŝŶĂƚŝŽŶƚŽ 'ƌĂŶƚĞĞĂƚŝƚƐůĂƐƚŬŶŽǁŶĂĚĚƌĞƐƐ͘ WĂŐĞϭϭŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )D ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ϭϱ͘ϯ͘dĞƌŵŝŶĂƚŝŽŶĨŽƌ/ŶƐƵĨĨŝĐŝĞŶƚ&ƵŶĚŝŶŐ [[478,380,491,437][12][B,I,][Arial]] D,ŵĂLJŝŵŵĞĚŝĂƚĞůLJƚĞƌŵŝŶĂƚĞƚŚŝƐĂŐƌĞĞŵĞŶƚŝĨŝƚĚŽĞƐŶŽƚŽďƚĂŝŶĨƵŶĚŝŶŐĨƌŽŵƚŚĞ DŝŶŶĞƐŽƚĂůĞŐŝƐůĂƚƵƌĞŽƌŽƚŚĞƌĨƵŶĚŝŶŐƐŽƵƌĐĞ͖ŽƌŝĨĨƵŶĚŝŶŐĐĂŶŶŽƚďĞĐŽŶƚŝŶƵĞĚĂƚĂ ůĞǀĞůƐƵĨĨŝĐŝĞŶƚƚŽĂůůŽǁĨŽƌƚŚĞƉĂLJŵĞŶƚŽĨƚŚĞǁŽƌŬƐĐŽƉĞĐŽǀĞƌĞĚŝŶƚŚŝƐĂŐƌĞĞŵĞŶƚ͘ dĞƌŵŝŶĂƚŝŽŶŵƵƐƚďĞďLJǁƌŝƚƚĞŶŽƌĨĂĐƐŝŵŝůĞŶŽƚŝĐĞƚŽ'ƌĂŶƚĞĞ͘D,ŝƐŶŽƚŽďůŝŐĂƚĞĚƚŽ ƉĂLJĨŽƌĂŶLJǁŽƌŬƉĞƌĨŽƌŵĞĚĂĨƚĞƌŶŽƚŝĐĞĂŶĚĞĨĨĞĐƚŝǀĞĚĂƚĞŽĨƚŚĞƚĞƌŵŝŶĂƚŝŽŶ͘ ,ŽǁĞǀĞƌ͕'ƌĂŶƚĞĞǁŝůůďĞĞŶƚŝƚůĞĚƚŽƉĂLJŵĞŶƚ͕ĚĞƚĞƌŵŝŶĞĚŽŶĂƉƌŽƌĂƚĂďĂƐŝƐ͕ĨŽƌ ƐĞƌǀŝĐĞƐƐĂƚŝƐĨĂĐƚŽƌŝůLJƉĞƌĨŽƌŵĞĚƚŽƚŚĞĞdžƚĞŶƚƚŚĂƚĨƵŶĚƐĂƌĞĂǀĂŝůĂďůĞ͘D,ǁŝůůŶŽƚďĞ ĂƐƐĞƐƐĞĚĂŶLJƉĞŶĂůƚLJŝĨƚŚŝƐĂŐƌĞĞŵĞŶƚŝƐƚĞƌŵŝŶĂƚĞĚďĞĐĂƵƐĞŽĨƚŚĞĚĞĐŝƐŝŽŶŽĨƚŚĞ DŝŶŶĞƐŽƚĂůĞŐŝƐůĂƚƵƌĞ͕ŽƌŽƚŚĞƌĨƵŶĚŝŶŐƐŽƵƌĐĞ͕ŶŽƚƚŽĂƉƉƌŽƉƌŝĂƚĞĨƵŶĚƐ͘D,ŵƵƐƚ ƉƌŽǀŝĚĞ'ƌĂŶƚĞĞŶŽƚŝĐĞŽĨƚŚĞůĂĐŬŽĨĨƵŶĚŝŶŐǁŝƚŚŝŶĂƌĞĂƐŽŶĂďůĞƚŝŵĞŽĨD,ƌĞĐĞŝǀŝŶŐ ŶŽƚŝĐĞŽĨƚŚĞƐĂŵĞ͘ ϭϲ͘'ŽǀĞƌŶŝŶŐ>Ăǁ͕:ƵƌŝƐĚŝĐƚŝŽŶ͕ĂŶĚsĞŶƵĞ dŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕ĂŶĚĂŵĞŶĚŵĞŶƚƐĂŶĚƐƵƉƉůĞŵĞŶƚƐƚŽŝƚ͕ƐŚĂůůďĞŐŽǀĞƌŶĞĚďLJƚŚĞ ůĂǁƐŽĨƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂ͘sĞŶƵĞĨŽƌĂůůůĞŐĂůƉƌŽĐĞĞĚŝŶŐƐĂƌŝƐŝŶŐŽƵƚŽĨƚŚŝƐŐƌĂŶƚ ĂŐƌĞĞŵĞŶƚ͕ŽƌĨŽƌďƌĞĂĐŚƚŚĞƌĞŽĨ͕ƐŚĂůůďĞŝŶƚŚĞƐƚĂƚĞŽƌĨĞĚĞƌĂůĐŽƵƌƚǁŝƚŚĐŽŵƉĞƚĞŶƚ ũƵƌŝƐĚŝĐƚŝŽŶŝŶZĂŵƐĞLJŽƵŶƚLJ͕DŝŶŶĞƐŽƚĂ͘ ϭϳ͘KƚŚĞƌWƌŽǀŝƐŝŽŶƐ ϭϳ͘ϭ͘ŽŶƚƌĂĐƚŽƌĞďĂƌŵĞŶƚ͕^ƵƐƉĞŶƐŝŽŶĂŶĚZĞƐƉŽŶƐŝďŝůŝƚLJĞƌƚŝĨŝĐĂƚŝŽŶ [[478,1579,491,1636][12][B,I,][Arial]] &ĞĚĞƌĂůƌĞŐƵůĂƚŝŽŶϮ&ZWĂƌƚϮϬϬ͘ϭϮƉƌŽŚŝďŝƚƐD,ĨƌŽŵƉƵƌĐŚĂƐŝŶŐŐŽŽĚƐŽƌƐĞƌǀŝĐĞƐ ǁŝƚŚĨĞĚĞƌĂůŵŽŶĞLJĨƌŽŵǀĞŶĚŽƌƐǁŚŽŚĂǀĞďĞĞŶƐƵƐƉĞŶĚĞĚŽƌĚĞďĂƌƌĞĚďLJƚŚĞ&ĞĚĞƌĂů 'ŽǀĞƌŶŵĞŶƚ͘^ŝŵŝůĂƌůLJ͕DŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐ͕ƐĞĐƚŝŽŶϭϲ͘Ϭϯ͕^ƵďĚŝǀŝƐŝŽŶϮ͕ƉƌŽǀŝĚĞƐƚŚĞ ŽŵŵŝƐƐŝŽŶĞƌŽĨĚŵŝŶŝƐƚƌĂƚŝŽŶǁŝƚŚƚŚĞĂƵƚŚŽƌŝƚLJƚŽĚĞďĂƌĂŶĚƐƵƐƉĞŶĚǀĞŶĚŽƌƐǁŚŽ ƐĞĞŬƚŽĐŽŶƚƌĂĐƚǁŝƚŚD,͘ sĞŶĚŽƌƐŵĂLJďĞƐƵƐƉĞŶĚĞĚŽƌĚĞďĂƌƌĞĚǁŚĞŶŝƚŝƐĚĞƚĞƌŵŝŶĞĚ͕ƚŚƌŽƵŐŚĂĚƵůLJ ĂƵƚŚŽƌŝnjĞĚŚĞĂƌŝŶŐƉƌŽĐĞƐƐ͕ƚŚĂƚƚŚĞLJŚĂǀĞĂďƵƐĞĚƚŚĞƉƵďůŝĐƚƌƵƐƚŝŶĂƐĞƌŝŽƵƐŵĂŶŶĞƌ͘ /ŶƉĂƌƚŝĐƵůĂƌ͕ƚŚĞ&ĞĚĞƌĂů'ŽǀĞƌŶŵĞŶƚĞdžƉĞĐƚƐD,ƚŽŚĂǀĞĂƉƌŽĐĞƐƐŝŶƉůĂĐĞĨŽƌ ĚĞƚĞƌŵŝŶŝŶŐǁŚĞƚŚĞƌĂǀĞŶĚŽƌŚĂƐďĞĞŶƐƵƐƉĞŶĚĞĚŽƌĚĞďĂƌƌĞĚ͕ĂŶĚƚŽƉƌĞǀĞŶƚƐƵĐŚ ǀĞŶĚŽƌƐĨƌŽŵƌĞĐĞŝǀŝŶŐĨĞĚĞƌĂůĨƵŶĚƐ͘ LJƐŝŐŶŝŶŐƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕'ƌĂŶƚĞĞĐĞƌƚŝĨŝĞƐƚŚĂƚŝƚĂŶĚŝƚƐƉƌŝŶĐŝƉĂůƐ͗ Ă͘ƌĞŶŽƚƉƌĞƐĞŶƚůLJĚĞďĂƌƌĞĚ͕ƐƵƐƉĞŶĚĞĚƉƌŽƉŽƐĞĚĨŽƌĚĞďĂƌŵĞŶƚ͕ĚĞĐůĂƌĞĚ ŝŶĞůŝŐŝďůĞ͕ŽƌǀŽůƵŶƚĂƌŝůLJĞdžĐůƵĚĞĚĨƌŽŵƚƌĂŶƐĂĐƚŝŶŐďƵƐŝŶĞƐƐďLJŽƌǁŝƚŚĂŶLJ ĨĞĚĞƌĂů͕ƐƚĂƚĞŽƌůŽĐĂůŐŽǀĞƌŶŵĞŶƚĂůĚĞƉĂƌƚŵĞŶƚŽƌĂŐĞŶĐLJ͖ ď͘,ĂǀĞŶŽƚǁŝƚŚŝŶĂƚŚƌĞĞͲLJĞĂƌƉĞƌŝŽĚƉƌĞĐĞĚŝŶŐƚŚŝƐĂŐƌĞĞŵĞŶƚ͗ĂͿďĞĞŶĐŽŶǀŝĐƚĞĚ ŽĨŽƌŚĂĚĂĐŝǀŝůũƵĚŐŵĞŶƚƌĞŶĚĞƌĞĚĂŐĂŝŶƐƚƚŚĞŵĨŽƌĐŽŵŵŝƐƐŝŽŶŽĨĨƌĂƵĚŽƌĂ ĐƌŝŵŝŶĂůŽĨĨĞŶƐĞŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚŽďƚĂŝŶŝŶŐ͕ĂƚƚĞŵƉƚŝŶŐƚŽŽďƚĂŝŶŽƌ ƉĞƌĨŽƌŵŝŶŐĂƉƵďůŝĐ;ĨĞĚĞƌĂů͕ƐƚĂƚĞŽƌůŽĐĂůͿƚƌĂŶƐĂĐƚŝŽŶŽƌĐŽŶƚƌĂĐƚ͖ďͿǀŝŽůĂƚĞĚ ĂŶLJĨĞĚĞƌĂůŽƌƐƚĂƚĞĂŶƚŝƚƌƵƐƚƐƚĂƚƵƚĞƐ͖ŽƌĐͿĐŽŵŵŝƚƚĞĚĞŵďĞnjnjůĞŵĞŶƚ͕ƚŚĞĨƚ͕ ĨŽƌŐĞƌLJ͕ďƌŝďĞƌLJ͕ĨĂůƐŝĨŝĐĂƚŝŽŶŽƌĚĞƐƚƌƵĐƚŝŽŶŽĨƌĞĐŽƌĚƐ͕ŵĂŬŝŶŐĨĂůƐĞƐƚĂƚĞŵĞŶƚƐ ŽƌƌĞĐĞŝǀŝŶŐƐƚŽůĞŶƉƌŽƉĞƌƚLJ͖ WĂŐĞϭϮŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )D ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ Đ͘ƌĞŶŽƚƉƌĞƐĞŶƚůLJŝŶĚŝĐƚĞĚŽƌŽƚŚĞƌǁŝƐĞĐƌŝŵŝŶĂůůLJŽƌĐŝǀŝůůLJĐŚĂƌŐĞĚďLJĂ ŐŽǀĞƌŶŵĞŶƚĂůĞŶƚŝƚLJĨŽƌ͗ĂͿĐŽŵŵŝƐƐŝŽŶŽĨĨƌĂƵĚŽƌĂĐƌŝŵŝŶĂůŽĨĨĞŶƐĞŝŶ ĐŽŶŶĞĐƚŝŽŶǁŝƚŚŽďƚĂŝŶŝŶŐ͕ĂƚƚĞŵƉƚŝŶŐƚŽŽďƚĂŝŶŽƌƉĞƌĨŽƌŵŝŶŐĂƉƵďůŝĐ;ĨĞĚĞƌĂů͕ ƐƚĂƚĞŽĨůŽĐĂůͿƚƌĂŶƐĂĐƚŝŽŶ͖ďͿǀŝŽůĂƚŝŶŐĂŶLJĨĞĚĞƌĂůŽƌƐƚĂƚĞĂŶƚŝƚƌƵƐƚƐƚĂƚƵƚĞƐ͖Žƌ ĐͿĐŽŵŵŝƚƚŝŶŐĞŵďĞnjnjůĞŵĞŶƚ͕ƚŚĞĨƚ͕ĨŽƌŐĞƌLJ͕ďƌŝďĞƌLJ͕ĨĂůƐŝĨŝĐĂƚŝŽŶŽƌĚĞƐƚƌƵĐƚŝŽŶ ŽĨƌĞĐŽƌĚƐ͕ŵĂŬŝŶŐĨĂůƐĞƐƚĂƚĞŵĞŶƚŽƌƌĞĐĞŝǀŝŶŐƐƚŽůĞŶƉƌŽƉĞƌƚLJ͖ĂŶĚ Ě͘ƌĞŶŽƚĂǁĂƌĞŽĨĂŶLJŝŶĨŽƌŵĂƚŝŽŶĂŶĚƉŽƐƐĞƐƐŶŽŬŶŽǁůĞĚŐĞƚŚĂƚĂŶLJ ƐƵďĐŽŶƚƌĂĐƚŽƌ;ƐͿƚŚĂƚǁŝůůƉĞƌĨŽƌŵǁŽƌŬƉƵƌƐƵĂŶƚƚŽƚŚŝƐŐƌĂŶƚͬĐŽŶƚƌĂĐƚĂƌĞŝŶ ǀŝŽůĂƚŝŽŶŽĨĂŶLJŽĨƚŚĞĐĞƌƚŝĨŝĐĂƚŝŽŶƐƐĞƚĨŽƌƚŚĂďŽǀĞ͘ ϭϳ͘Ϯ͘ƵĚŝƚZĞƋƵŝƌĞŵĞŶƚƐ [[478,1030,491,1087][12][B,I,][Arial]] ϭϳ͘Ϯ͘ϭ͘ &Žƌ'ƌĂŶƚĞĞƐƚŚĂƚĂƌĞƐƚĂƚĞŽƌůŽĐĂůŐŽǀĞƌŶŵĞŶƚƐ͕ŶŽŶͲƉƌŽĨŝƚŽƌŐĂŶŝnjĂƚŝŽŶƐ͕Žƌ [[667,1091,680,1148][12][B,I,][Arial]] ͗ /ŶĚŝĂŶdƌŝďĞƐ ŝ͘/Ĩ'ƌĂŶƚĞĞĞdžƉĞŶĚƐƚŽƚĂůĨĞĚĞƌĂůĂƐƐŝƐƚĂŶĐĞŽĨΨϳϱϬ͕ϬϬϬŽƌŵŽƌĞƉĞƌLJĞĂƌ͕ 'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽ͗ĂͿŽďƚĂŝŶĞŝƚŚĞƌĂƐŝŶŐůĞĂƵĚŝƚŽƌĂƉƌŽŐƌĂŵͲƐƉĞĐŝĨŝĐ ĂƵĚŝƚŵĂĚĞĨŽƌƚŚĞĨŝƐĐĂůLJĞĂƌŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞƚĞƌŵƐŽĨƚŚĞ^ŝŶŐůĞ ƵĚŝƚĐƚŽĨϭϵϴϰ͕ĂƐĂŵĞŶĚĞĚ;ϯϭh͘^͘͘ĐŚ͘ϳϱͿĂŶĚϮ&ZWĂƌƚϮϬϬ͖ĂŶĚ͕ ďͿƚŽĐŽŵƉůLJǁŝƚŚƚŚĞ^ŝŶŐůĞƵĚŝƚĐƚŽĨϭϵϴϰ͕ĂƐĂŵĞŶĚĞĚ;ϯϭh͘^͘͘ ĐŚ͘ϳϱͿĂŶĚϮ&ZWĂƌƚϮϬϬ͘ ƵĚŝƚƐƐŚĂůůďĞŵĂĚĞĂŶŶƵĂůůLJƵŶůĞƐƐ'ƌĂŶƚĞĞŝƐĂƐƚĂƚĞŽƌůŽĐĂů ŐŽǀĞƌŶŵĞŶƚƚŚĂƚŚĂƐ͕ďLJ:ĂŶƵĂƌLJϭ͕ϭϵϴϳ͕ĂĐŽŶƐƚŝƚƵƚŝŽŶĂůŽƌƐƚĂƚƵƚŽƌLJ ƌĞƋƵŝƌĞŵĞŶƚĨŽƌůĞƐƐĨƌĞƋƵĞŶƚĂƵĚŝƚƐ͘&ŽƌƚŚŽƐĞŐŽǀĞƌŶŵĞŶƚƐ͕ƚŚĞĨĞĚĞƌĂů ĐŽŐŶŝnjĂŶƚĂŐĞŶĐLJƐŚĂůůƉĞƌŵŝƚďŝĞŶŶŝĂůĂƵĚŝƚƐ͕ĐŽǀĞƌŝŶŐďŽƚŚLJĞĂƌƐ͕ŝĨƚŚĞ ŐŽǀĞƌŶŵĞŶƚƐŽƌĞƋƵĞƐƚƐ͘/ƚƐŚĂůůĂůƐŽŚŽŶŽƌƌĞƋƵĞƐƚƐĨŽƌďŝĞŶŶŝĂůĂƵĚŝƚƐ ďLJƐƚĂƚĞŽƌůŽĐĂůŐŽǀĞƌŶŵĞŶƚƐƚŚĂƚŚĂǀĞĂŶĂĚŵŝŶŝƐƚƌĂƚŝǀĞƉŽůŝĐLJĐĂůůŝŶŐ ĨŽƌĂƵĚŝƚƐůĞƐƐĨƌĞƋƵĞŶƚƚŚĂŶĂŶŶƵĂů͕ďƵƚŽŶůLJĂƵĚŝƚƐƉƌŝŽƌƚŽϭϵϴϳŽƌ ĂĚŵŝŶŝƐƚƌĂƚŝǀĞƉŽůŝĐŝĞƐŝŶƉůĂĐĞƉƌŝŽƌƚŽ:ĂŶƵĂƌLJϭ͕ϭϵϴϳ͘ ŝŝ͘&Žƌ'ƌĂŶƚĞĞƐƚŚĂƚĂƌĞŝŶƐƚŝƚƵƚŝŽŶƐŽĨŚŝŐŚĞƌĞĚƵĐĂƚŝŽŶŽƌŚŽƐƉŝƚĂůƐ͗ ŝŝŝ͘/Ĩ'ƌĂŶƚĞĞĞdžƉĞŶĚƐƚŽƚĂůĚŝƌĞĐƚĂŶĚŝŶĚŝƌĞĐƚĨĞĚĞƌĂůĂƐƐŝƐƚĂŶĐĞŽĨ ΨϳϱϬ͕ϬϬϬŽƌŵŽƌĞƉĞƌLJĞĂƌ͕'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽŽďƚĂŝŶĂĨŝŶĂŶĐŝĂůĂŶĚ ĐŽŵƉůŝĂŶĐĞĂƵĚŝƚŵĂĚĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚϮ&ZWĂƌƚϮϬϬ͘dŚĞĂƵĚŝƚƐŚĂůů ĐŽǀĞƌĞŝƚŚĞƌƚŚĞĞŶƚŝƌĞŽƌŐĂŶŝnjĂƚŝŽŶŽƌĂůůĨĞĚĞƌĂůĨƵŶĚƐŽĨƚŚĞ ŽƌŐĂŶŝnjĂƚŝŽŶ͘ ŝǀ͘dŚĞĂƵĚŝƚŵƵƐƚĚĞƚĞƌŵŝŶĞǁŚĞƚŚĞƌ'ƌĂŶƚĞĞƐƉĞŶƚĨĞĚĞƌĂůĂƐƐŝƐƚĂŶĐĞ ĨƵŶĚƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚĂƉƉůŝĐĂďůĞůĂǁƐĂŶĚƌĞŐƵůĂƚŝŽŶƐ͘ ϭϳ͘Ϯ͘Ϯ͘dŚĞĂƵĚŝƚƐŚĂůůďĞŵĂĚĞďLJĂŶŝŶĚĞƉĞŶĚĞŶƚĂƵĚŝƚŽƌ͘ŶŝŶĚĞƉĞŶĚĞŶƚĂƵĚŝƚŽƌŝƐĂ ƐƚĂƚĞŽƌůŽĐĂůŐŽǀĞƌŶŵĞŶƚĂƵĚŝƚŽƌŽƌĂƉƵďůŝĐĂĐĐŽƵŶƚĂŶƚǁŚŽŵĞĞƚƐƚŚĞ ŝŶĚĞƉĞŶĚĞŶĐĞƐƚĂŶĚĂƌĚƐƐƉĞĐŝĨŝĞĚŝŶƚŚĞ'ĞŶĞƌĂůĐĐŽƵŶƚŝŶŐKĨĨŝĐĞ͛Ɛ͞^ƚĂŶĚĂƌĚƐ ĨŽƌƵĚŝƚŽĨ'ŽǀĞƌŶŵĞŶƚĂůKƌŐĂŶŝnjĂƚŝŽŶƐ͕WƌŽŐƌĂŵƐ͕ĐƚŝǀŝƚŝĞƐ͕ĂŶĚ&ƵŶĐƚŝŽŶƐ͘͟ WĂŐĞϭϯŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )D ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ϭϳ͘Ϯ͘ϯ͘dŚĞĂƵĚŝƚƌĞƉŽƌƚƐŚĂůůƐƚĂƚĞƚŚĂƚƚŚĞĂƵĚŝƚǁĂƐƉĞƌĨŽƌŵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞ ƉƌŽǀŝƐŝŽŶƐŽĨϮ&ZWĂƌƚϮϬϬ͘ dŚĞƌĞƉŽƌƚŝŶŐƌĞƋƵŝƌĞŵĞŶƚƐĨŽƌĂƵĚŝƚƌĞƉŽƌƚƐƐŚĂůůďĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞ ŵĞƌŝĐĂŶ/ŶƐƚŝƚƵƚĞŽĨĞƌƚŝĨŝĞĚWƵďůŝĐĐĐŽƵŶƚĂŶƚƐ͛;/WͿĂƵĚŝƚŐƵŝĚĞ͕͞ƵĚŝƚƐ ŽĨ^ƚĂƚĞĂŶĚ>ŽĐĂů'ŽǀĞƌŶŵĞŶƚĂůhŶŝƚƐ͕͟ŝƐƐƵĞĚŝŶϭϵϴϲ͘dŚĞ&ĞĚĞƌĂů'ŽǀĞƌŶŵĞŶƚ ŚĂƐĂƉƉƌŽǀĞĚƚŚĞƵƐĞŽĨƚŚĞĂƵĚŝƚŐƵŝĚĞ͘ /ŶĂĚĚŝƚŝŽŶƚŽƚŚĞĂƵĚŝƚƌĞƉŽƌƚ͕'ƌĂŶƚĞĞƐŚĂůůƉƌŽǀŝĚĞĐŽŵŵĞŶƚƐŽŶƚŚĞĨŝŶĚŝŶŐƐ ĂŶĚƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐŝŶƚŚĞƌĞƉŽƌƚ͕ŝŶĐůƵĚŝŶŐĂƉůĂŶĨŽƌĐŽƌƌĞĐƚŝǀĞĂĐƚŝŽŶƚĂŬĞŶ ŽƌƉůĂŶŶĞĚĂŶĚĐŽŵŵĞŶƚƐŽŶƚŚĞƐƚĂƚƵƐŽĨĐŽƌƌĞĐƚŝǀĞĂĐƚŝŽŶƚĂŬĞŶŽŶƉƌŝŽƌ ĨŝŶĚŝŶŐƐ͘/ĨĐŽƌƌĞĐƚŝǀĞĂĐƚŝŽŶŝƐŶŽƚŶĞĐĞƐƐĂƌLJ͕ĂƐƚĂƚĞŵĞŶƚĚĞƐĐƌŝďŝŶŐƚŚĞƌĞĂƐŽŶ ŝƚŝƐŶŽƚƐŚŽƵůĚĂĐĐŽŵƉĂŶLJƚŚĞĂƵĚŝƚƌĞƉŽƌƚ͘ ϭϳ͘Ϯ͘ϰ͘'ƌĂŶƚĞĞĂŐƌĞĞƐƚŚĂƚƚŚĞŐƌĂŶƚŽƌ͕ƚŚĞ>ĞŐŝƐůĂƚŝǀĞƵĚŝƚŽƌ͕ƚŚĞ^ƚĂƚĞƵĚŝƚŽƌ͕ĂŶĚ ĂŶLJŝŶĚĞƉĞŶĚĞŶƚĂƵĚŝƚŽƌĚĞƐŝŐŶĂƚĞĚďLJƚŚĞŐƌĂŶƚŽƌƐŚĂůůŚĂǀĞƐƵĐŚĂĐĐĞƐƐƚŽ 'ƌĂŶƚĞĞ͛ƐƌĞĐŽƌĚƐĂŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĂƐŵĂLJďĞŶĞĐĞƐƐĂƌLJĨŽƌƚŚĞŐƌĂŶƚŽƌ ƚŽĐŽŵƉůLJǁŝƚŚƚŚĞ^ŝŶŐůĞƵĚŝƚĐƚŵĞŶĚŵĞŶƚƐŽĨϭϵϴϰ͕ĂƐĂŵĞŶĚĞĚ;ϯϭh͘^͘ ŽĚĞŚĂƉƚĞƌϳϱͿĂŶĚϮ&ZWĂƌƚϮϬϬ͘ ϭϳ͘Ϯ͘ϱ͘/ĨƉĂLJŵĞŶƚƐƵŶĚĞƌƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚǁŝůůďĞŵĂĚĞĨƌŽŵĨĞĚĞƌĂůĨƵŶĚƐ ŽďƚĂŝŶĞĚďLJD,ƚŚƌŽƵŐŚƚŚĞŵĞƌŝĐĂŶZĞĐŽǀĞƌLJĂŶĚZĞŝŶǀĞƐƚŵĞŶƚĐƚŽĨϮϬϬϵ ;WƵďůŝĐ>ĂǁϭϭϭͲϱͿ͕'ƌĂŶƚĞĞŝƐƌĞƐƉŽŶƐŝďůĞĨŽƌĐŽŵƉůŝĂŶĐĞǁŝƚŚĂůůĨĞĚĞƌĂů ƌĞƋƵŝƌĞŵĞŶƚƐŝŵƉŽƐĞĚŽŶƚŚĞƐĞĨƵŶĚƐ͘'ƌĂŶƚĞĞŵƵƐƚŝĚĞŶƚŝĨLJƚŚĞƐĞĨƵŶĚƐ ƐĞƉĂƌĂƚĞůLJŽŶƚŚĞƐĐŚĞĚƵůĞŽĨĞdžƉĞŶĚŝƚƵƌĞƐŽĨĨĞĚĞƌĂůĂǁĂƌĚƐ;^&Ϳ͕ĂŶĚŵƵƐƚ ĂůƐŽĂĐĐĞƉƚĨƵůůĨŝŶĂŶĐŝĂůƌĞƐƉŽŶƐŝďŝůŝƚLJŝĨŝƚĨĂŝůƐƚŽĐŽŵƉůLJǁŝƚŚĨĞĚĞƌĂů ƌĞƋƵŝƌĞŵĞŶƚƐ͘dŚĞƐĞƌĞƋƵŝƌĞŵĞŶƚƐŝŶĐůƵĚĞ͕ďƵƚĂƌĞŶŽƚůŝŵŝƚĞĚƚŽ͕dŝƚůĞ///͕ƉĂƌƚ ͕ŽĨƚŚĞŶĞƌŐLJWŽůŝĐLJĂŶĚŽŶƐĞƌǀĂƚŝŽŶĐƚ;ϰϮh͘^͘͘ΑϲϯϮϭ͕ĞƚƐĞƋ͘ĂŶĚ ĂŵĞŶĚŵĞŶƚƐƚŚĞƌĞƚŽͿ͖h͘^͘ĞƉĂƌƚŵĞŶƚŽĨŶĞƌŐLJ&ŝŶĂŶĐŝĂůƐƐŝƐƚĂŶĐĞZƵůĞƐ;ϭϬ &ZWĂƌƚϲϬϬͿ͖ĂŶĚdŝƚůĞϮŽĨƚŚĞŽĚĞŽĨ&ĞĚĞƌĂůZĞŐƵůĂƚŝŽŶƐ͘ ϭϳ͘Ϯ͘ϲ͘'ƌĂŶƚĞĞƐŽĨĨĞĚĞƌĂůĨŝŶĂŶĐŝĂůĂƐƐŝƐƚĂŶĐĞĨƌŽŵƐƵďƌĞĐŝƉŝĞŶƚƐĂƌĞĂůƐŽƌĞƋƵŝƌĞĚƚŽ ĐŽŵƉůLJǁŝƚŚƚŚĞ^ŝŶŐůĞƵĚŝƚĐƚŵĞŶĚŵĞŶƚƐŽĨϭϵϴϰ͕ĂƐĂŵĞŶĚĞĚ;ϯϭh͘^͘͘ Ś͘ϳϱͿĂŶĚϮ&ZϮϬϬ͘ ϭϳ͘Ϯ͘ϳ͘dŚĞ^ƚĂƚĞŵĞŶƚŽĨdžƉĞŶĚŝƚƵƌĞƐĨŽƌŵĐĂŶďĞƵƐĞĚĨŽƌƚŚĞƐĐŚĞĚƵůĞŽĨĨĞĚĞƌĂů ĂƐƐŝƐƚĂŶĐĞ͘ ϭϳ͘Ϯ͘ϴ͘'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽƌĞƚĂŝŶĚŽĐƵŵĞŶƚĂƚŝŽŶƚŽƐƵƉƉŽƌƚƚŚĞƐĐŚĞĚƵůĞŽĨĨĞĚĞƌĂů ĂƐƐŝƐƚĂŶĐĞĨŽƌĂƚůĞĂƐƚĨŽƵƌ;ϰͿLJĞĂƌƐ͘ ϭϳ͘Ϯ͘ϵ͘'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽĨŝůĞƌĞƋƵŝƌĞĚĂƵĚŝƚƌĞƉŽƌƚƐǁŝƚŚŝŶŶŝŶĞ;ϵͿŵŽŶƚŚƐŽĨ'ƌĂŶƚĞĞ͛Ɛ ĨŝƐĐĂůLJĞĂƌĞŶĚ͘ WĂŐĞϭϰŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )D ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ZĞĐŝƉŝĞŶƚƐŽĨŵŽƌĞƚŚĂŶΨϳϱϬ͕ϬϬϬŝŶĨĞĚĞƌĂůĨƵŶĚƐĂƌĞƌĞƋƵŝƌĞĚƵŶĚĞƌϮ&Z WĂƌƚϮϬϬƚŽƐƵďŵŝƚŽŶĞĐŽƉLJŽĨƚŚĞĂƵĚŝƚƌĞƉŽƌƚǁŝƚŚŝŶϯϬĚĂLJƐĂĨƚĞƌŝƐƐƵĂŶĐĞƚŽ ƚŚĞĐĞŶƚƌĂůĐůĞĂƌŝŶŐŚŽƵƐĞĂƚƚŚĞĨŽůůŽǁŝŶŐĂĚĚƌĞƐƐ͗ ƵƌĞĂƵŽĨƚŚĞĞŶƐƵƐ ĂƚĂWƌĞƉĂƌĂƚŝŽŶŝǀŝƐŝŽŶ ϭϮϬϭĂƐƚϭϬ^ƚƌĞĞƚ ƚŚ :ĞĨĨĞƌƐŽŶǀŝůůĞ͕/ŶĚŝĂŶĂϰϳϭϯϮ ƚƚŶ͗^ŝŶŐůĞƵĚŝƚůĞĂƌŝŶŐŚŽƵƐĞ ϭϳ͘ϯ͘ƌƵŐͲ&ƌĞĞtŽƌŬƉůĂĐĞ [[478,968,491,1025][12][B,I,][Arial]] 'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽĐŽŵƉůLJǁŝƚŚƚŚĞƌƵŐͲ&ƌĞĞtŽƌŬƉůĂĐĞĐƚŽĨϭϵϴϴ͕ǁŚŝĐŚŝƐ ŝŵƉůĞŵĞŶƚĞĚĂƚϯϰ&ZWĂƌƚϴϱ͕ƐƵďƉĂƌƚ&͘ ϭϳ͘ϰ͘>ŽďďLJŝŶŐ [[478,1202,491,1259][12][B,I,][Arial]] 'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽĐŽŵƉůLJǁŝƚŚƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨϯϭh^ΑϭϯϱϮ͘'ƌĂŶƚĞĞŵƵƐƚŶŽƚƵƐĞ ĂŶLJĨĞĚĞƌĂůĨƵŶĚƐĨƌŽŵD,ƚŽƉĂLJĂŶLJƉĞƌƐŽŶĨŽƌŝŶĨůƵĞŶĐŝŶŐŽƌĂƚƚĞŵƉƚŝŶŐƚŽ ŝŶĨůƵĞŶĐĞĂŶŽĨĨŝĐĞƌŽƌĞŵƉůŽLJĞĞŽĨĂĨĞĚĞƌĂůĂŐĞŶĐLJ͕ĂŵĞŵďĞƌŽĨŽŶŐƌĞƐƐ͕ĂŶŽĨĨŝĐĞƌ ŽƌĞŵƉůŽLJĞĞŽĨŽŶŐƌĞƐƐ͕ŽƌĂŶLJĞŵƉůŽLJĞĞŽĨĂŵĞŵďĞƌŽĨŽŶŐƌĞƐƐŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚ ƚŚĞĂǁĂƌĚŝŶŐŽĨĂŶLJĨĞĚĞƌĂůĐŽŶƚƌĂĐƚ͕ƚŚĞŵĂŬŝŶŐŽĨĂŶLJĨĞĚĞƌĂůŐƌĂŶƚ͕ƚŚĞŵĂŬŝŶŐŽĨĂŶLJ ĨĞĚĞƌĂůůŽĂŶ͕ƚŚĞĞŶƚĞƌŝŶŐŝŶƚŽŽĨĂŶLJĐŽŽƉĞƌĂƚŝǀĞĂŐƌĞĞŵĞŶƚŽƌƚŚĞĞdžƚĞŶƐŝŽŶ͕ ĐŽŶƚŝŶƵĂƚŝŽŶ͕ƌĞŶĞǁĂů͕ĂŵĞŶĚŵĞŶƚ͕ŽƌŵŽĚŝĨŝĐĂƚŝŽŶŽĨĂŶLJĨĞĚĞƌĂůĐŽŶƚƌĂĐƚ͕ŐƌĂŶƚ͕ůŽĂŶ͕ ŽƌĐŽŽƉĞƌĂƚŝǀĞĂŐƌĞĞŵĞŶƚ͘/Ĩ'ƌĂŶƚĞĞƵƐĞƐĂŶLJĨƵŶĚƐŽƚŚĞƌƚŚĂŶƚŚĞĨĞĚĞƌĂůĨƵŶĚƐĨƌŽŵ D,ƚŽĐŽŶĚƵĐƚĂŶLJŽĨƚŚĞĂĨŽƌĞŵĞŶƚŝŽŶĞĚĂĐƚŝǀŝƚŝĞƐ͕'ƌĂŶƚĞĞŵƵƐƚĐŽŵƉůĞƚĞĂŶĚ ƐƵďŵŝƚƚŽD,ƚŚĞĚŝƐĐůŽƐƵƌĞĨŽƌŵƐƉĞĐŝĨŝĞĚďLJD,͘&ƵƌƚŚĞƌ͕'ƌĂŶƚĞĞŵƵƐƚŝŶĐůƵĚĞ ƚŚĞůĂŶŐƵĂŐĞŽĨƚŚŝƐƉƌŽǀŝƐŝŽŶŝŶĂůůĐŽŶƚƌĂĐƚƐĂŶĚƐƵďĐŽŶƚƌĂĐƚƐĂŶĚĂůůĐŽŶƚƌĂĐƚŽƌƐĂŶĚ ƐƵďĐŽŶƚƌĂĐƚŽƌƐŵƵƐƚĐŽŵƉůLJĂĐĐŽƌĚŝŶŐůLJ͘ ϭϳ͘ϱ͘ƋƵĂůŵƉůŽLJŵĞŶƚKƉƉŽƌƚƵŶŝƚLJ [[478,2045,491,2102][12][B,I,][Arial]] 'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽĐŽŵƉůLJǁŝƚŚƚŚĞdžĞĐƵƚŝǀĞKƌĚĞƌϭϭϮϰϲ͞ƋƵĂůŵƉůŽLJŵĞŶƚ KƉƉŽƌƚƵŶŝƚLJ͟ĂƐĂŵĞŶĚĞĚďLJdžĞĐƵƚŝǀĞKƌĚĞƌϭϭϯϳϱĂŶĚƐƵƉƉůĞŵĞŶƚĞĚďLJƌĞŐƵůĂƚŝŽŶƐ Ăƚϰϭ&ZWĂƌƚϲϬ͘ ϭϳ͘ϲ͘ŽƐƚWƌŝŶĐŝƉůĞƐ [[478,2339,491,2396][12][B,I,][Arial]] 'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽĐŽŵƉůLJǁŝƚŚƚŚĞƉƌŽǀŝƐŝŽŶƐϮ&ZWĂƌƚϮϬϬƌĞŐĂƌĚŝŶŐĐŽƐƚƉƌŝŶĐŝƉůĞƐ ĨŽƌĂĚŵŝŶŝƐƚƌĂƚŝŽŶŽĨƚŚŝƐŐƌĂŶƚĂǁĂƌĚĨŽƌĞĚƵĐĂƚŝŽŶĂůŝŶƐƚŝƚƵƚŝŽŶƐ͕ƐƚĂƚĞĂŶĚůŽĐĂů ŐŽǀĞƌŶŵĞŶƚƐĂŶĚ/ŶĚŝĂŶƚƌŝďĂůŐŽǀĞƌŶŵĞŶƚƐŽƌŶŽŶͲƉƌŽĨŝƚŽƌŐĂŶŝnjĂƚŝŽŶƐ͘ ϭϳ͘ϳ͘ZŝŐŚƚƐƚŽ/ŶǀĞŶƚŝŽŶƐʹdžƉĞƌŝŵĞŶƚĂů͕ĞǀĞůŽƉŵĞŶƚĂůŽƌZĞƐĞĂƌĐŚtŽƌŬ [[478,2633,491,2690][12][B,I,][Arial]] 'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽĐŽŵƉůLJǁŝƚŚϯϳ&ZWĂƌƚϰϬϭ͕͞ZŝŐŚƚƐƚŽ/ŶǀĞŶƚŝŽŶƐDĂĚĞďLJ EŽŶƉƌŽĨŝƚKƌŐĂŶŝnjĂƚŝŽŶƐĂŶĚ^ŵĂůůƵƐŝŶĞƐƐ&ŝƌŵƐhŶĚĞƌ'ŽǀĞƌŶŵĞŶƚ'ƌĂŶƚƐ͕ŽŶƚƌĂĐƚƐ ĂŶĚŽŽƉĞƌĂƚŝǀĞŐƌĞĞŵĞŶƚƐ͟ĂŶĚĂŶLJŝŵƉůĞŵĞŶƚŝŶŐƌĞŐƵůĂƚŝŽŶƐŝƐƐƵĞĚďLJƚŚĞĂǁĂƌĚŝŶŐ ĂŐĞŶĐLJ͘ ϭϳ͘ϴ͘ůĞĂŶŝƌĐƚ [[478,2989,491,3046][12][B,I,][Arial]] WĂŐĞϭϱŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )D ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ 'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽĐŽŵƉůLJǁŝƚŚĂůůĂƉƉůŝĐĂďůĞƐƚĂŶĚĂƌĚƐ͕ŽƌĚĞƌƐŽƌƌĞŐƵůĂƚŝŽŶƐŝƐƐƵĞĚ ƉƵƌƐƵĂŶƚƚŽƚŚĞůĞĂŶŝƌĐƚĂƐĂŵĞŶĚĞĚ;ϰϮh͘^͘͘ΑϳϰϬϭ͕ĞƚƐĞƋ͘ͿĂŶĚƚŚĞ&ĞĚĞƌĂů tĂƚĞƌWŽůůƵƚŝŽŶŽŶƚƌŽůĐƚĂƐĂŵĞŶĚĞĚ;ϯϯh͘^͘͘ΑϭϮϱϭ͕ĞƚƐĞƋ͘Ϳ͘sŝŽůĂƚŝŽŶƐƐŚĂůůďĞ ƌĞƉŽƌƚĞĚƚŽƚŚĞ&ĞĚĞƌĂůǁĂƌĚŝŶŐŐĞŶĐLJZĞŐŝŽŶĂůKĨĨŝĐĞŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂů WƌŽƚĞĐƚŝŽŶŐĞŶĐLJ;WͿ͘ ^ŝŐŶĂƚƵƌĞƐŽŶĨŽůůŽǁŝŶŐƉĂŐĞ WĂŐĞϭϲŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )D ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ϭ͘^ƚĂƚĞŶĐƵŵďƌĂŶĐĞsĞƌŝĨŝĐĂƚŝŽŶ [[264,512,277,569][12][B,I,][Arial]] /ŶĚŝǀŝĚƵĂůĐĞƌƚŝĨŝĞƐƚŚĂƚĨƵŶĚƐŚĂǀĞďĞĞŶĞŶĐƵŵďĞƌĞĚĂƐƌĞƋƵŝƌĞĚ ďLJDŝŶŶ͘^ƚĂƚ͘ΑΑϭϲ͘ϭϱĂŶĚϭϲ͘Ϭϱ͘ LJ͗ WƌŝŶƚŶĂŵĞ͗ ĂƚĞ͗ ^t/&dŽŶƚƌĂĐƚͬWKEŽ;ƐͿ͘ Ϯ͘'ƌĂŶƚĞĞ [[264,1176,277,1233][12][B,I,][Arial]] 'ƌĂŶƚĞĞĐĞƌƚŝĨŝĞƐƚŚĂƚƚŚĞĂƉƉƌŽƉƌŝĂƚĞƉĞƌƐŽŶƐ;ƐͿŚĂǀĞĞdžĞĐƵƚĞĚƚŚĞŐƌĂŶƚ ĂŐƌĞĞŵĞŶƚŽŶďĞŚĂůĨŽĨ'ƌĂŶƚĞĞĂƐƌĞƋƵŝƌĞĚďLJĂƉƉůŝĐĂďůĞĂƌƚŝĐůĞƐ͕ďLJůĂǁƐ͕ ƌĞƐŽůƵƚŝŽŶƐ͕ŽƌŽƌĚŝŶĂŶĐĞƐ͘ LJ͗ WƌŝŶƚŶĂŵĞ͗ dŝƚůĞ͗ ĂƚĞ͗ LJ͗ WƌŝŶƚŶĂŵĞ͗ dŝƚůĞ͗ ĂƚĞ͗ ϯ͘DŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚ 'ƌĂŶƚŐƌĞĞŵĞŶƚĂƉƉƌŽǀĂůĂŶĚĐĞƌƚŝĨŝĐĂƚŝŽŶƚŚĂƚ^ƚĂƚĞĨƵŶĚƐŚĂǀĞďĞĞŶ ĞŶĐƵŵďĞƌĞĚĂƐƌĞƋƵŝƌĞĚďLJDŝŶŶ͘^ƚĂƚ͘ΑΑϭϲ͘ϭϱĂŶĚϭϲ͘Ϭϱ͘ LJ͗;ǁŝƚŚĚĞůĞŐĂƚĞĚĂƵƚŚŽƌŝƚLJͿ WƌŝŶƚŶĂŵĞ͗ dŝƚůĞ͗ ĂƚĞ͗ ŝƐƚƌŝďƵƚŝŽŶ͗ ŐĞŶĐLJʹKƌŝŐŝŶĂů;ĨƵůůLJĞdžĞĐƵƚĞĚͿ'ƌĂŶƚŐƌĞĞŵĞŶƚ WĂŐĞϭϳŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )D ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ 'ƌĂŶƚĞĞ ^ƚĂƚĞƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞ WĂŐĞϭϴŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ DŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚ zŽƵŚĂǀĞƌĞĐĞŝǀĞĚĂŐƌĂŶƚĂǁĂƌĚĨƌŽŵƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚ;D,Ϳ͘/ŶĨŽƌŵĂƚŝŽŶĂďŽƵƚ ƚŚĞŐƌĂŶƚĂǁĂƌĚ͕ŝŶĐůƵĚŝŶŐĨƵŶĚŝŶŐĚĞƚĂŝůƐ͕ĂƌĞŝŶĐůƵĚĞĚďĞůŽǁ͘ŽŶƚĂĐƚLJŽƵƌD,'ƌĂŶƚDĂŶĂŐĞƌŝĨ LJŽƵŚĂǀĞƋƵĞƐƚŝŽŶƐĂďŽƵƚƚŚŝƐĐŽǀĞƌƐŚĞĞƚ͘ dd,DEd͗ 'ƌĂŶƚŐƌĞĞŵĞŶƚ KEdd&KZD,͗ :ĂŵĞƐĚŬŝŶƐŽŶ͕ϲϱϭͲϮϬϭͲϰϵϭϲ͕ũĂŵĞƐ͘ĂĚŬŝŶƐŽŶΛƐƚĂƚĞ͘ŵŶ͘ƵƐ 'ƌĂŶƚĞĞ^t/&d/ŶĨŽƌŵĂƚŝŽŶ'ƌĂŶƚŐƌĞĞŵĞŶƚ/ŶĨŽƌŵĂƚŝŽŶ&ƵŶĚŝŶŐ/ŶĨŽƌŵĂƚŝŽŶ 'ƌĂŶƚŐƌĞĞŵĞŶƚͬWƌŽũĞĐƚŐƌĞĞŵĞŶƚ EĂŵĞŽĨD,'ƌĂŶƚĞĞ͗dŽƚĂů'ƌĂŶƚ&ƵŶĚƐ;ĂůůĨƵŶĚŝŶŐƐŽƵƌĐĞƐͿ͗ EƵŵďĞƌ͗ zŽƵĐĂŶĨŝŶĚƚŚŝƐŝŶĨŽƌŵĂƚŝŽŶŝŶ Ψ ŝƚLJŽĨZŽĐŚĞƐƚĞƌϱϬϳ͕ϭϴϮ͘ϳϴ ƚŚĞŐƌĂŶƚĂŐƌĞĞŵĞŶƚŚĞĂĚĞƌ 'ƌĂŶƚĞĞ^t/&dsĞŶĚŽƌEƵŵďĞƌ͗ WĞƌŝŽĚŽĨWĞƌĨŽƌŵĂŶĐĞ^ƚĂƌƚĂƚĞ͗ ʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ EĂŵĞŽĨ&ĞĚĞƌĂůǁĂƌĚŝŶŐŐĞŶĐLJh͘^͘ĞƉĂƌƚŵĞŶƚŽĨ,ŽƵƐŝŶŐĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚ &EĂŵĞ͗ &EĂŵĞĂŶĚEƵŵďĞƌ>ĞĂĚ,ĂnjĂƌĚZĞĚƵĐƚŝŽŶ'ƌĂŶƚWƌŽŐƌĂŵ &EƵŵďĞƌ͗ ;ĂƚĂůŽŐŽĨ&ĞĚĞƌĂůŽŵĞƐƚŝĐƐƐŝƐƚĂŶĐĞͿϭϰ͘ϵϬϬ &ĞĚĞƌĂůǁĂƌĚ/ĚĞŶƚŝĨŝĐĂƚŝŽŶEƵŵďĞƌ DE>,ϬϳϮϳͲϭϵ ;&/EͿͬ'ƌĂŶƚŽƌ͛ƐWĂƐƐͲƚŚƌŽƵŐŚEƵŵďĞƌ &ĞĚĞƌĂůǁĂƌĚĂƚĞ ϵͬϮϬͬϭϵ ;ĂƚĞD,ƌĞĐĞŝǀĞĚĨĞĚĞƌĂůŐƌĂŶƚͿ dŽƚĂůŵŽƵŶƚŽĨ&ĞĚĞƌĂůǁĂƌĚZĞĐĞŝǀĞĚďLJ Ψϯ͕ϯϬϬ͕ϬϬϬ͘ϬϬ D, WĂŐĞϮŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ DŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚ 'ƌĂŶƚŐƌĞĞŵĞŶƚ dŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚŝƐďĞƚǁĞĞŶƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂ͕ĂĐƚŝŶŐƚŚƌŽƵŐŚŝƚƐŽŵŵŝƐƐŝŽŶĞƌŽĨƚŚĞ ĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚ;͞D,͟ͿĂŶĚdŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ;͞'ƌĂŶƚĞĞ͟Ϳ͘'ƌĂŶƚĞĞ͛ƐĂĚĚƌĞƐƐŝƐϰϬϬϭt ZŝǀĞƌWŬǁLJ͕^ƵŝƚĞϭϬϬ͕ZŽĐŚĞƐƚĞƌ͕DEϱϱϵϬϭ͘ ϭ͘D,ŝƐĞŵƉŽǁĞƌĞĚƚŽĞŶƚĞƌŝŶƚŽƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚƵŶĚĞƌDŝŶŶ͘^ƚĂƚ͘Αϭϰϰ͘ϬϳϰϮĂŶĚ 06 ͘ [B,I,][Arial]] DĂƌĐŚϯϭ͕ϮϬϮϯ͕ŽƌƵŶƚŝůĂůůŽďůŝŐĂƚŝŽŶƐŚĂǀĞďĞĞŶĨƵůĨŝůůĞĚƚŽƚŚĞƐĂƚŝƐĨĂĐƚŝŽŶŽĨD,͕ ǁŚŝĐŚĞǀĞƌŽĐĐƵƌƐĨŝƌƐƚ͘ ϭ͘ϯ͘^ƵƌǀŝǀĂůŽĨdĞƌŵƐ [[453,2934,466,2991][12][B,I,][Arial]] dŚĞĨŽůůŽǁŝŶŐĐůĂƵƐĞƐƐƵƌǀŝǀĞƚŚĞĞdžƉŝƌĂƚŝŽŶŽƌĐĂŶĐĞůůĂƚŝŽŶŽĨƚŚŝƐŐƌĂŶƚĐŽŶƚƌĂĐƚ͗ ϴ͘>ŝĂďŝůŝƚLJ͖ϵ͘^ƚĂƚĞƵĚŝƚƐ͖ϭϬ͘'ŽǀĞƌŶŵĞŶƚĂƚĂWƌĂĐƚŝĐĞƐĂŶĚĂƚĂŝƐĐůŽƐƵƌĞ͖ϭϭ͘ WĂŐĞϯŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ 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ŝŶƐƉĞĐƚŝŽŶĂƚƚŚĞĞŶĚŽĨƚŚĞƉƌŽũĞĐƚ ŶƐƵƌŝŶŐĐŽŵƉůĞƚŝŽŶŽĨĂůůŚĞĂůƚŚLJŚŽŵĞƐŝŶƚĞƌǀĞŶƚŝŽŶƐĨŽƌƚŚĞƵŶŝƚ͘dŚĞƐĐŽƉĞŽĨǁŽƌŬĨŽƌ x ŚĞĂůƚŚLJŚŽŵĞƐŝŶƚĞƌǀĞŶƚŝŽŶƐǁŝůůďĞĚĞƚĞƌŵŝŶĞĚďLJƚŚĞ^ƚĂƚĞ͕ŝŶĐŽŶƐƵůƚĂƚŝŽŶǁŝƚŚƚŚĞ'ƌĂŶƚĞĞ DĂŝŶƚĂŝŶŝŶŐĐŽŵƉůĞƚĞŐƌĂŶƚĨŝůĞƐĨŽƌĞĂĐŚƵŶŝƚĂŶĚƉƌŽǀŝĚŝŶŐƚŚĞĐŽŵƉůĞƚĞĚŐƌĂŶƚĨŝůĞƚŽƚŚĞ x ^ƚĂƚĞŝŵŵĞĚŝĂƚĞůLJƵƉŽŶĐŽŵƉůĞƚŝŽŶŽĨƚŚĞƵŶŝƚ͘dŚĞ^ƚĂƚĞĂŶĚ,hŵĂLJƌĞƋƵĞƐƚŽƌŝŶƐƉĞĐƚƵŶŝƚ ĨŝůĞƐŝŶǁŚŽůĞŽƌŝŶƉĂƌƚĂƚĂŶLJƚŝŵĞĚƵƌŝŶŐƚŚĞƉƌŽũĞĐƚ WƌŽŵŽƚĞĂǀĂŝůĂďůĞƚƌĂŝŶŝŶŐŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌďƵŝůĚĞƌƐĂŶĚĐŽŶƚƌĂĐƚŽƌƐƚŽďĞĐŽŵĞĐĞƌƚŝĨŝĞĚŝŶ x ůĞĂĚĂďĂƚĞŵĞŶƚĂŶĚZZW WĂŐĞϰŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ŽŶĚƵĐƚĐŽŵŵƵŶŝƚLJĞĚƵĐĂƚŝŽŶŽŶƚŚĞŚĞĂůƚŚĞĨĨĞĐƚƐŽĨůĞĂĚŚĂnjĂƌĚƐĂŶĚƚŚĞĂǀĂŝůĂďŝůŝƚLJŽĨůĞĂĚ x ŚĂnjĂƌĚƌĞĚƵĐƚŝŽŶĨƵŶĚŝŶŐ ŽůůĂďŽƌĂƚĞǁŝƚŚƚŚĞ^ƚĂƚĞƚŽĞŶƐƵƌĞƚŚĂƚĞůŝŐŝďůĞƵŶŝƚƐĂƌĞŝĚĞŶƚŝĨŝĞĚƐŽƚŚĂƚůĞĂĚŚĂnjĂƌĚ x ƌĞĚƵĐƚŝŽŶĂĐƚŝǀŝƚŝĞƐĂƌĞĐŽŵƉůĞƚĞĚŽŶĂƚůĞĂƐƚϯϭĞůŝŐŝďůĞƵŶŝƚƐǁŝƚŚŝŶƚŚĞŐƌĂŶƚƉĞƌŝŽĚ ŽŵƉůLJǁŝƚŚĂůůĂƉƉůŝĐĂďůĞƐƚĂƚĞĂŶĚĨĞĚĞƌĂůůĂǁƐĂŶĚƌĞŐƵůĂƚŝŽŶƐ͕ĂƐǁĞůůĂƐ,hƉŽůŝĐŝĞƐĂŶĚ x ƉƌŽĐĞĚƵƌĞƐ ϯ͘dŝŵĞ 'ƌĂŶƚĞĞŵƵƐƚĐŽŵƉůLJǁŝƚŚĂůůƚŚĞƚŝŵĞƌĞƋƵŝƌĞŵĞŶƚƐĚĞƐĐƌŝďĞĚŝŶƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͘/ŶƚŚĞ ƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕ƚŝŵĞŝƐŽĨƚŚĞĞƐƐĞŶĐĞ͕ĂŶĚĨĂŝůƵƌĞƚŽŵĞĞƚĂĚĞĂĚůŝŶĞ ŵĂLJďĞĂďĂƐŝƐĨŽƌĂĚĞƚĞƌŵŝŶĂƚŝŽŶďLJD,͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞƚŚĂƚ'ƌĂŶƚĞĞŚĂƐŶŽƚ ĐŽŵƉůŝĞĚǁŝƚŚƚŚĞƚĞƌŵƐŽĨƚŚĞŐƌĂŶƚ͘ 'ƌĂŶƚĞĞŝƐƌĞƋƵŝƌĞĚƚŽƉĞƌĨŽƌŵĂůůŽĨƚŚĞĚƵƚŝĞƐƌĞĐŝƚĞĚĂďŽǀĞǁŝƚŚŝŶƚŚĞŐƌĂŶƚƉĞƌŝŽĚ͘D,ŝƐ ŶŽƚŽďůŝŐĂƚĞĚƚŽĞdžƚĞŶĚƚŚĞŐƌĂŶƚƉĞƌŝŽĚ͘ ϰ͘ŽŶƐŝĚĞƌĂƚŝŽŶĂŶĚWĂLJŵĞŶƚ ϰ͘ϭ͘ŽŶƐŝĚĞƌĂƚŝŽŶ [[453,1418,466,1475][12][B,I,][Arial]] D,ǁŝůůƉĂLJĨŽƌĂůůƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚďLJ'ƌĂŶƚĞĞƵŶĚĞƌƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚĂƐ ĨŽůůŽǁƐ͗ ϰ͘ϭ͘ϭ͘ŽŵƉĞŶƐĂƚŝŽŶ͘ [[641,1651,654,1708][12][B,I,][Arial]] 'ƌĂŶƚĞĞǁŝůůďĞƉĂŝĚĂĐĐŽƌĚŝŶŐƚŽƚŚĞďƌĞĂŬĚŽǁŶŽĨĐŽƐƚƐĐŽŶƚĂŝŶĞĚŝŶdžŚŝďŝƚ͕ ǁŚŝĐŚŝƐĂƚƚĂĐŚĞĚĂŶĚŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽƚŚŝƐĂŐƌĞĞŵĞŶƚ͘ ϰ͘ϭ͘Ϯ͘dŽƚĂůKďůŝŐĂƚŝŽŶ [[641,1884,654,1941][12][B,I,][Arial]] dŚĞƚŽƚĂůŽďůŝŐĂƚŝŽŶŽĨD,ĨŽƌĂůůĐŽŵƉĞŶƐĂƚŝŽŶĂŶĚƌĞŝŵďƵƌƐĞŵĞŶƚƐƚŽ 'ƌĂŶƚĞĞƵŶĚĞƌƚŚŝƐĂŐƌĞĞŵĞŶƚǁŝůůŶŽƚĞdžĐĞĞĚΨϱϬϳ͕ϭϴϮ͘ϳϴ͘ ϰ͘ϭ͘ϯ͘dƌĂǀĞůdžƉĞŶƐĞƐ [[641,2117,654,2174][12][B,I,][Arial]] 'ƌĂŶƚĞĞǁŝůůďĞƌĞŝŵďƵƌƐĞĚĨŽƌƚƌĂǀĞůĂŶĚƐƵďƐŝƐƚĞŶĐĞĞdžƉĞŶƐĞƐŝŶƚŚĞƐĂŵĞ ŵĂŶŶĞƌĂŶĚŝŶŶŽŐƌĞĂƚĞƌĂŵŽƵŶƚƚŚĂŶƉƌŽǀŝĚĞĚŝŶƚŚĞĐƵƌƌĞŶƚ͞ŽŵŵŝƐƐŝŽŶĞƌ͛Ɛ WůĂŶ͟ƉƌŽŵƵůŐĂƚĞĚďLJƚŚĞŽŵŵŝƐƐŝŽŶĞƌŽĨDŝŶŶĞƐŽƚĂDĂŶĂŐĞŵĞŶƚĂŶĚƵĚŐĞƚ ;͞DD͟Ϳ͘'ƌĂŶƚĞĞǁŝůůŶŽƚďĞƌĞŝŵďƵƌƐĞĚĨŽƌƚƌĂǀĞůĂŶĚƐƵďƐŝƐƚĞŶĐĞĞdžƉĞŶƐĞƐ ŝŶĐƵƌƌĞĚŽƵƚƐŝĚĞDŝŶŶĞƐŽƚĂƵŶůĞƐƐŝƚŚĂƐƌĞĐĞŝǀĞĚD,͛ƐƉƌŝŽƌǁƌŝƚƚĞŶĂƉƉƌŽǀĂů ĨŽƌŽƵƚŽĨƐƚĂƚĞƚƌĂǀĞů͘DŝŶŶĞƐŽƚĂǁŝůůďĞĐŽŶƐŝĚĞƌĞĚƚŚĞŚŽŵĞƐƚĂƚĞĨŽƌ ĚĞƚĞƌŵŝŶŝŶŐǁŚĞƚŚĞƌƚƌĂǀĞůŝƐŽƵƚŽĨƐƚĂƚĞ͘ ϰ͘ϭ͘ϰ͘ƵĚŐĞƚDŽĚŝĨŝĐĂƚŝŽŶƐ [[641,2716,654,2773][12][B,I,][Arial]] DŽĚŝĨŝĐĂƚŝŽŶƐŐƌĞĂƚĞƌƚŚĂŶϭϬƉĞƌĐĞŶƚŽĨĂŶLJďƵĚŐĞƚůŝŶĞŝƚĞŵŝŶƚŚĞŵŽƐƚ ƌĞĐĞŶƚůLJĂƉƉƌŽǀĞĚďƵĚŐĞƚ;ůŝƐƚĞĚŝŶϰ͘ϭ͘ϭĂŶĚϰ͘ϭ͘ϯŽƌŝŶĐŽƌƉŽƌĂƚĞĚŝŶdžŚŝďŝƚͿ ƌĞƋƵŝƌĞƐƉƌŝŽƌǁƌŝƚƚĞŶĂƉƉƌŽǀĂůĨƌŽŵD,ĂŶĚŵƵƐƚďĞŝŶĚŝĐĂƚĞĚŽŶƐƵďŵŝƚƚĞĚ ƌĞƉŽƌƚƐ͘&ĂŝůƵƌĞƚŽŽďƚĂŝŶƉƌŝŽƌǁƌŝƚƚĞŶĂƉƉƌŽǀĂůĨŽƌŵŽĚŝĨŝĐĂƚŝŽŶƐŐƌĞĂƚĞƌƚŚĂŶ ϭϬƉĞƌĐĞŶƚŽĨĂŶLJďƵĚŐĞƚůŝŶĞŝƚĞŵŵĂLJƌĞƐƵůƚŝŶĚĞŶŝĂůŽĨŵŽĚŝĨŝĐĂƚŝŽŶƌĞƋƵĞƐƚ͕ WĂŐĞϱŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ůŽƐƐŽĨĨƵŶĚƐ͕ŽƌďŽƚŚ͘DŽĚŝĨŝĐĂƚŝŽŶƐĞƋƵĂůƚŽŽƌůĞƐƐƚŚĂŶϭϬƉĞƌĐĞŶƚŽĨĂŶLJ ďƵĚŐĞƚůŝŶĞŝƚĞŵĂƌĞƉĞƌŵŝƚƚĞĚǁŝƚŚŽƵƚƉƌŝŽƌĂƉƉƌŽǀĂůĨƌŽŵD,ƉƌŽǀŝĚĞĚƚŚĂƚ ƐƵĐŚŵŽĚŝĨŝĐĂƚŝŽŶŝƐŝŶĚŝĐĂƚĞĚŽŶƐƵďŵŝƚƚĞĚƌĞƉŽƌƚƐĂŶĚƚŚĂƚƚŚĞƚŽƚĂůŽďůŝŐĂƚŝŽŶ ŽĨD,ĨŽƌĂůůĐŽŵƉĞŶƐĂƚŝŽŶĂŶĚƌĞŝŵďƵƌƐĞŵĞŶƚƐƚŽ'ƌĂŶƚĞĞƐŚĂůůŶŽƚĞdžĐĞĞĚ ƚŚĞƚŽƚĂůŽďůŝŐĂƚŝŽŶůŝƐƚĞĚŝŶϰ͘ϭ͘Ϯ ϰ͘Ϯ͘dĞƌŵƐŽĨWĂLJŵĞŶƚ [[453,735,466,792][12][B,I,][Arial]] ϰ͘Ϯ͘ϭ͘/ŶǀŽŝĐĞƐ [[641,796,654,853][12][B,I,][Arial]] D,ǁŝůůƉƌŽŵƉƚůLJƉĂLJ'ƌĂŶƚĞĞĂĨƚĞƌ'ƌĂŶƚĞĞƉƌĞƐĞŶƚƐĂŶŝƚĞŵŝnjĞĚ ŝŶǀŽŝĐĞĨŽƌƚŚĞƐĞƌǀŝĐĞƐĂĐƚƵĂůůLJƉĞƌĨŽƌŵĞĚĂŶĚD,͛ƐƵƚŚŽƌŝnjĞĚ ZĞƉƌĞƐĞŶƚĂƚŝǀĞĂĐĐĞƉƚƐƚŚĞŝŶǀŽŝĐĞĚƐĞƌǀŝĐĞƐ͘/ŶǀŽŝĐĞƐŵƵƐƚďĞ ƐƵďŵŝƚƚĞĚŝŶĂƚŝŵĞůLJĨĂƐŚŝŽŶĂŶĚĂĐĐŽƌĚŝŶŐƚŽƚŚĞĨŽůůŽǁŝŶŐƐĐŚĞĚƵůĞ͗ hƉŽŶƋƵĂƌƚĞƌůLJĐŽŵƉůĞƚŝŽŶŽĨƚŚĞƐĞƌǀŝĐĞƐŽƵƚůŝŶĞĚŝŶ^ĞĐƚŝŽŶϮ͕ 'ƌĂŶƚĞĞ͛ƐƵƚŝĞƐ͕ƚŚĞŝŶǀŽŝĐŝŶŐĂŶĚƉĂLJŵĞŶƚƐĐŚĞĚƵůĞǁŝůůďĞĚƵĞďLJƚŚĞ ϮϬ ƚŚŽĨƚŚĞŵŽŶƚŚ;ŽƌƚŚĞŶĞdžƚďƵƐŝŶĞƐƐĚĂLJͿĨŽůůŽǁŝŶŐƚŚĞĐůŽƐĞŽĨƚŚĞ ƋƵĂƌƚĞƌ͗KĐƚŽďĞƌʹĞĐĞŵďĞƌ͕:ĂŶƵĂƌLJʹDĂƌĐŚ͕Ɖƌŝůʹ:ƵŶĞ͕:ƵůLJʹ ^ĞƉƚĞŵďĞƌ͘ [[225,1456,237,1513][12][B,I,][Times New Roman]] ϰ͘Ϯ͘Ϯ͘&ĞĚĞƌĂů&ƵŶĚƐ [[641,1514,654,1571][12][B,I,][Arial]] WĂLJŵĞŶƚƐƵŶĚĞƌƚŚŝƐĂŐƌĞĞŵĞŶƚǁŝůůďĞŵĂĚĞĨƌŽŵĨĞĚĞƌĂůĨƵŶĚƐ ŽďƚĂŝŶĞĚďLJD,ƚŚƌŽƵŐŚdŝƚůĞy͕&ŶƵŵďĞƌϭϰ͘ϵϬϬŽĨƚŚĞ,ŽƵƐŝŶŐ ĂŶĚŽŵŵƵŶŝƚLJĞǀĞůŽƉŵĞŶƚĐƚŽĨϭϵϵϮ͕ŝŶĐůƵĚŝŶŐƉƵďůŝĐůĂǁĂŶĚĂůů ĂŵĞŶĚŵĞŶƚƐ͘dŚĞEŽƚŝĐĞŽĨ'ƌĂŶƚǁĂƌĚ;E'ͿŶƵŵďĞƌŝƐDE>,ϬϳϮϳͲ ϭϵ͘'ƌĂŶƚĞĞŝƐƌĞƐƉŽŶƐŝďůĞĨŽƌĐŽŵƉůŝĂŶĐĞǁŝƚŚĂůůĨĞĚĞƌĂůƌĞƋƵŝƌĞŵĞŶƚƐ ŝŵƉŽƐĞĚŽŶƚŚĞƐĞĨƵŶĚƐĂŶĚĂĐĐĞƉƚƐĨƵůůĨŝŶĂŶĐŝĂůƌĞƐƉŽŶƐŝďŝůŝƚLJĨŽƌĂŶLJ ƌĞƋƵŝƌĞŵĞŶƚƐŝŵƉŽƐĞĚďLJ'ƌĂŶƚĞĞ͛ƐĨĂŝůƵƌĞƚŽĐŽŵƉůLJǁŝƚŚĨĞĚĞƌĂů ƌĞƋƵŝƌĞŵĞŶƚƐ͘/ĨĂƚĂŶLJƚŝŵĞĨĞĚĞƌĂůĨƵŶĚƐďĞĐŽŵĞƵŶĂǀĂŝůĂďůĞ͕ƚŚŝƐ ĂŐƌĞĞŵĞŶƚƐŚĂůůďĞƚĞƌŵŝŶĂƚĞĚŝŵŵĞĚŝĂƚĞůLJƵƉŽŶǁƌŝƚƚĞŶŶŽƚŝĐĞŽĨďLJ D,ƚŽ'ƌĂŶƚĞĞ͘/ŶƚŚĞĞǀĞŶƚŽĨƐƵĐŚĂƚĞƌŵŝŶĂƚŝŽŶ͕'ƌĂŶƚĞĞŝƐĞŶƚŝƚůĞĚ ƚŽƉĂLJŵĞŶƚ͕ĚĞƚĞƌŵŝŶĞĚŽŶĂƉƌŽƌĂƚĂďĂƐŝƐ͕ĨŽƌƐĞƌǀŝĐĞƐƐĂƚŝƐĨĂĐƚŽƌŝůLJ ƉĞƌĨŽƌŵĞĚ ϰ͘ϯ͘ŽŶƚƌĂĐƚŝŶŐĂŶĚŝĚĚŝŶŐZĞƋƵŝƌĞŵĞŶƚƐ [[453,2358,466,2415][12][B,I,][Arial]] ϰ͘ϯ͘ϭ͘DƵŶŝĐŝƉĂůŝƚŝĞƐ [[641,2419,654,2476][12][B,I,][Arial]] ŐƌĂŶƚĞĞƚŚĂƚŝƐĂŵƵŶŝĐŝƉĂůŝƚLJʹĚĞĨŝŶĞĚĂƐĂĐŽƵŶƚLJ͕ƚŽǁŶ͕ĐŝƚLJ͕ƐĐŚŽŽůĚŝƐƚƌŝĐƚ ŽƌŽƚŚĞƌŵƵŶŝĐŝƉĂůĐŽƌƉŽƌĂƚŝŽŶŽƌƉŽůŝƚŝĐĂůƐƵďĚŝǀŝƐŝŽŶŽĨD,ĂƵƚŚŽƌŝnjĞĚďLJůĂǁ ƚŽĞŶƚĞƌŝŶƚŽĐŽŶƚƌĂĐƚƐͲŝƐƐƵďũĞĐƚƚŽƚŚĞĐŽŶƚƌĂĐƚŝŶŐƌĞƋƵŝƌĞŵĞŶƚƐƐĞƚĨŽƌƚŚ ƵŶĚĞƌDŝŶŶ͘^ƚĂƚ͘Αϰϳϭ͘ϯϰϱ͘WƌŽũĞĐƚƐƚŚĂƚŝŶǀŽůǀĞĐŽŶƐƚƌƵĐƚŝŽŶǁŽƌŬĂƌĞƐƵďũĞĐƚ ƚŽƚŚĞĂƉƉůŝĐĂďůĞƉƌĞǀĂŝůŝŶŐǁĂŐĞůĂǁƐ͕ŝŶĐůƵĚŝŶŐƚŚŽƐĞƵŶĚĞƌDŝŶŶ͘^ƚĂƚ͘ Αϭϳϳ͘ϰϭ͕Ğƚ͘ƐĞƋ͘ ϰ͘ϯ͘Ϯ͘EŽŶͲŵƵŶŝĐŝƉĂůŝƚŝĞƐ [[641,2896,654,2953][12][B,I,][Arial]] WĂŐĞϲŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ 'ƌĂŶƚĞĞƐƚŚĂƚĂƌĞŶŽƚŵƵŶŝĐŝƉĂůŝƚŝĞƐŵƵƐƚĂĚŚĞƌĞƚŽƚŚĞĨŽůůŽǁŝŶŐƐƚĂŶĚĂƌĚƐŝŶ ƚŚĞĞǀĞŶƚƚŚĂƚĚƵƚŝĞƐĂƐƐŝŐŶĞĚƚŽ'ƌĂŶƚĞĞĂƌĞƚŽďĞƐƵďĐŽŶƚƌĂĐƚĞĚŽƵƚƚŽĂƚŚŝƌĚ ƉĂƌƚLJ͗ ŝ͘ŶLJƐĞƌǀŝĐĞƐŽƌŵĂƚĞƌŝĂůƐƚŚĂƚĂƌĞĞdžƉĞĐƚĞĚƚŽĐŽƐƚΨϭϬϬ͕ϬϬϬŽƌŵŽƌĞ ŵƵƐƚƵŶĚĞƌŐŽĂĨŽƌŵĂůŶŽƚŝĐĞĂŶĚďŝĚĚŝŶŐƉƌŽĐĞƐƐĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞ ƐƚĂŶĚĂƌĚƐƐĞƚĨŽƌƚŚƵŶĚĞƌDŝŶŶ͘^ƚĂƚ͘ĐŚ͘ϭϲ͘ ŝŝ͘^ĞƌǀŝĐĞƐŽƌŵĂƚĞƌŝĂůƐƚŚĂƚĂƌĞĞdžƉĞĐƚĞĚƚŽĐŽƐƚďĞƚǁĞĞŶΨϮϱ͕ϬϬϬĂŶĚ Ψϵϵ͕ϵϵϵŵƵƐƚďĞĐŽŵƉĞƚŝƚŝǀĞůLJĂǁĂƌĚĞĚďĂƐĞĚŽŶĂŵŝŶŝŵƵŵŽĨƚŚƌĞĞ ǀĞƌďĂůƋƵŽƚĞƐŽƌďŝĚƐ͘ ŝŝŝ͘^ĞƌǀŝĐĞƐŽƌŵĂƚĞƌŝĂůƐƚŚĂƚĂƌĞĞdžƉĞĐƚĞĚƚŽĐŽƐƚďĞƚǁĞĞŶΨϭϬ͕ϬϬϬĂŶĚ ΨϮϰ͕ϵϵϵŵƵƐƚďĞĐŽŵƉĞƚŝƚŝǀĞůLJĂǁĂƌĚĞĚďĂƐĞĚŽŶĂŵŝŶŝŵƵŵŽĨƚǁŽ ǀĞƌďĂůƋƵŽƚĞƐŽƌďŝĚƐŽƌĂǁĂƌĚĞĚƚŽĂƚĂƌŐĞƚĞĚǀĞŶĚŽƌ͘ ŝǀ͘'ƌĂŶƚĞĞŵƵƐƚƚĂŬĞĂůůŶĞĐĞƐƐĂƌLJĂĨĨŝƌŵĂƚŝǀĞƐƚĞƉƐƚŽĂƐƐƵƌĞƚŚĂƚƚĂƌŐĞƚĞĚ ǀĞŶĚŽƌƐĨƌŽŵďƵƐŝŶĞƐƐĞƐǁŝƚŚĂĐƚŝǀĞĐĞƌƚŝĨŝĐĂƚŝŽŶƐƚŚƌŽƵŐŚƚŚĞĨŽůůŽǁŝŶŐ ĞŶƚŝƚŝĞƐĂƌĞƵƐĞĚǁŚĞŶƉŽƐƐŝďůĞ͗ DŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨĚŵŝŶŝƐƚƌĂƚŝŽŶ͛ƐĞƌƚŝĨŝĞĚdĂƌŐĞƚĞĚ ϭͿ 'ƌŽƵƉ͕ĐŽŶŽŵŝĐĂůůLJŝƐĂĚǀĂŶƚĂŐĞĚĂŶĚsĞƚĞƌĂŶͲKǁŶĞĚsĞŶĚŽƌ >ŝƐƚ;ŚƚƚƉ͗ͬͬǁǁǁ͘ŵŵĚ͘ĂĚŵŝŶ͘ƐƚĂƚĞ͘ŵŶ͘ƵƐͬƉƌŽĐĞƐƐͬƐĞĂƌĐŚͬͿ͖ ϮͿDĞƚƌŽƉŽůŝƚĂŶŽƵŶĐŝů͛ƐdĂƌŐĞƚĞĚsĞŶĚŽƌůŝƐƚ͗DŝŶŶĞƐŽƚĂhŶŝĨŝĞĚ ĞƌƚŝĨŝĐĂƚŝŽŶWƌŽŐƌĂŵ;ŚƚƚƉƐ͗ͬͬŵŶƵĐƉ͘ŵĞƚĐ͘ƐƚĂƚĞ͘ŵŶ͘ƵƐͬͿ͖Žƌ ϯͿ^ŵĂůůƵƐŝŶĞƐƐĞƌƚŝĨŝĐĂƚŝŽŶWƌŽŐƌĂŵƚŚƌŽƵŐŚ,ĞŶŶĞƉŝŶŽƵŶƚLJ͕ ZĂŵƐĞLJŽƵŶƚLJ͕ĂŶĚŝƚLJŽĨ^ƚ͘WĂƵů͗ĞŶƚƌĂůĞƌƚŝĨŝĐĂƚŝŽŶWƌŽŐƌĂŵ ;ŚƚƚƉƐ͗ͬͬǁǁǁ͘ƐƚƉĂƵů͘ŐŽǀͬĚĞƉĂƌƚŵĞŶƚƐͬŚƵŵĂŶͲƌŝŐŚƚƐͲĞƋƵĂůͲ ĞĐŽŶŽŵŝĐͲŽƉƉŽƌƚƵŶŝƚLJͬĐŽŶƚƌĂĐƚͲĐŽŵƉůŝĂŶĐĞͲďƵƐŝŶĞƐƐͲ ĚĞǀĞůŽƉŵĞŶƚͬĐĞŶƚƌĂů͘ ǀ͘'ƌĂŶƚĞĞŵƵƐƚŵĂŝŶƚĂŝŶǁƌŝƚƚĞŶƐƚĂŶĚĂƌĚƐŽĨĐŽŶĚƵĐƚĐŽǀĞƌŝŶŐĐŽŶĨůŝĐƚƐŽĨ ŝŶƚĞƌĞƐƚĂŶĚŐŽǀĞƌŶŝŶŐƚŚĞĂĐƚŝŽŶƐŽĨŝƚƐĞŵƉůŽLJĞĞƐĞŶŐĂŐĞĚŝŶƚŚĞ ƐĞůĞĐƚŝŽŶ͕ĂǁĂƌĚŝŶŐĂŶĚĂĚŵŝŶŝƐƚƌĂƚŝŽŶŽĨĐŽŶƚƌĂĐƚƐ͘ ǀŝ͘'ƌĂŶƚĞĞŵƵƐƚŵĂŝŶƚĂŝŶƐƵƉƉŽƌƚĚŽĐƵŵĞŶƚĂƚŝŽŶŽĨƚŚĞƉƵƌĐŚĂƐŝŶŐŽƌ ďŝĚĚŝŶŐƉƌŽĐĞƐƐƵƚŝůŝnjĞĚƚŽĐŽŶƚƌĂĐƚƐĞƌǀŝĐĞƐŝŶƚŚĞŝƌĨŝŶĂŶĐŝĂůƌĞĐŽƌĚƐ͕ ŝŶĐůƵĚŝŶŐƐƵƉƉŽƌƚĚŽĐƵŵĞŶƚĂƚŝŽŶũƵƐƚŝĨLJŝŶŐĂƐŝŶŐůĞͬƐŽůĞƐŽƵƌĐĞďŝĚ͕ŝĨ ĂƉƉůŝĐĂďůĞ͘ ǀŝŝ͘EŽƚǁŝƚŚƐƚĂŶĚŝŶŐƉĂƌƚƐ;ŝͿƚŚƌŽƵŐŚ;ŝǀͿĂďŽǀĞ͕D,ŵĂLJǁĂŝǀĞƚŚĞĨŽƌŵĂů ďŝĚĚŝŶŐƉƌŽĐĞƐƐƌĞƋƵŝƌĞŵĞŶƚƐǁŚĞŶ͗ WĂŐĞϳŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ sĞŶĚŽƌƐŝŶĐůƵĚĞĚŝŶƌĞƐƉŽŶƐĞƚŽĂĐŽŵƉĞƚŝƚŝǀĞŐƌĂŶƚƌĞƋƵĞƐƚĨŽƌ x ƉƌŽƉŽƐĂůƉƌŽĐĞƐƐǁĞƌĞĂƉƉƌŽǀĞĚĂŶĚŝŶĐŽƌƉŽƌĂƚĞĚĂƐĂŶĂƉƉƌŽǀĞĚ ǁŽƌŬƉůĂŶĨŽƌƚŚĞŐƌĂŶƚŽƌ dŚĞƌĞŝƐŽŶůLJŽŶĞůĞŐŝƚŝŵĂƚĞŽƌƉƌĂĐƚŝĐĂůƐŽƵƌĐĞĨŽƌƐƵĐŚŵĂƚĞƌŝĂůƐ x ŽƌƐĞƌǀŝĐĞƐĂŶĚ'ƌĂŶƚĞĞŚĂƐĞƐƚĂďůŝƐŚĞĚƚŚĂƚƚŚĞǀĞŶĚŽƌŝƐ ĐŚĂƌŐŝŶŐĂĨĂŝƌĂŶĚƌĞĂƐŽŶĂďůĞƉƌŝĐĞ͘ ǀŝŝŝ͘WƌŽũĞĐƚƐƚŚĂƚŝŶǀŽůǀĞĐŽŶƐƚƌƵĐƚŝŽŶǁŽƌŬŽĨΨϮϱ͕ϬϬϬŽƌŵŽƌĞ͕ĂƌĞƐƵďũĞĐƚ ƚŽĂƉƉůŝĐĂďůĞƉƌĞǀĂŝůŝŶŐǁĂŐĞůĂǁƐ͕ŝŶĐůƵĚŝŶŐƚŚŽƐĞƵŶĚĞƌDŝŶŶ͘^ƚĂƚ͘ ΑΑϭϳϳ͘ϰϭƚŚƌŽƵŐŚϭϳϳ͘ϰϰ͘ ŝdž͘'ƌĂŶƚĞĞŵƵƐƚŶŽƚĐŽŶƚƌĂĐƚǁŝƚŚǀĞŶĚŽƌƐǁŚŽĂƌĞƐƵƐƉĞŶĚĞĚŽƌĚĞďĂƌƌĞĚ ŝŶDŝŶŶĞƐŽƚĂ͘dŚĞůŝƐƚŽĨĚĞďĂƌƌĞĚǀĞŶĚŽƌƐŝƐĂǀĂŝůĂďůĞĂƚ͗ ŚƚƚƉ͗ͬͬǁǁǁ͘ŵŵĚ͘ĂĚŵŝŶ͘ƐƚĂƚĞ͘ŵŶ͘ƵƐͬĚĞďĂƌƌĞĚƌĞƉŽƌƚ͘ĂƐƉ͘ ϱ͘ŽŶĚŝƚŝŽŶƐŽĨWĂLJŵĞŶƚ ůůƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞĚďLJ'ƌĂŶƚĞĞƉƵƌƐƵĂŶƚƚŽƚŚŝƐĂŐƌĞĞŵĞŶƚŵƵƐƚďĞƉĞƌĨŽƌŵĞĚƚŽƚŚĞ ƐĂƚŝƐĨĂĐƚŝŽŶŽĨD,͕ĂƐĚĞƚĞƌŵŝŶĞĚŝŶƚŚĞƐŽůĞĚŝƐĐƌĞƚŝŽŶŽĨŝƚƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞ͘ &ƵƌƚŚĞƌ͕ĂůůƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞĚďLJ'ƌĂŶƚĞĞŵƵƐƚďĞŝŶĂĐĐŽƌĚǁŝƚŚĂůůĂƉƉůŝĐĂďůĞĨĞĚĞƌĂů͕ƐƚĂƚĞ͕ ĂŶĚůŽĐĂůůĂǁƐ͕ŽƌĚŝŶĂŶĐĞƐ͕ƌƵůĞƐĂŶĚƌĞŐƵůĂƚŝŽŶƐ͘ZĞƋƵŝƌĞŵĞŶƚƐŽĨƌĞĐĞŝǀŝŶŐŐƌĂŶƚĨƵŶĚƐŵĂLJ ŝŶĐůƵĚĞ͕ďƵƚĂƌĞŶŽƚůŝŵŝƚĞĚƚŽ͗ĨŝŶĂŶĐŝĂůƌĞĐŽŶĐŝůŝĂƚŝŽŶƐŽĨƉĂLJŵĞŶƚƐƚŽ'ƌĂŶƚĞĞƐ͕ƐŝƚĞǀŝƐŝƚƐŽĨ 'ƌĂŶƚĞĞ͕ƉƌŽŐƌĂŵŵĂƚŝĐŵŽŶŝƚŽƌŝŶŐŽĨǁŽƌŬƉĞƌĨŽƌŵĞĚďLJ'ƌĂŶƚĞĞĂŶĚƉƌŽŐƌĂŵĞǀĂůƵĂƚŝŽŶ͘ 'ƌĂŶƚĞĞǁŝůůŶŽƚďĞƉĂŝĚĨŽƌǁŽƌŬƚŚĂƚD,ĚĞĞŵƐƵŶƐĂƚŝƐĨĂĐƚŽƌLJ͕ŽƌƉĞƌĨŽƌŵĞĚŝŶǀŝŽůĂƚŝŽŶŽĨ ĨĞĚĞƌĂů͕ƐƚĂƚĞŽƌůŽĐĂůůĂǁ͕ŽƌĚŝŶĂŶĐĞ͕ƌƵůĞŽƌƌĞŐƵůĂƚŝŽŶ͘ ϲ͘ƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞƐ ϲ͘ϭ͘^ƚĂƚĞ͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞ [[453,1978,466,2035][12][B,I,][Arial]] D,͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞĨŽƌƉƵƌƉŽƐĞƐŽĨĂĚŵŝŶŝƐƚĞƌŝŶŐƚŚŝƐĂŐƌĞĞŵĞŶƚ ŝƐ^ƚĞƉŚĂŶŝĞzĞŶĚĞůů͕,Z/^ƵƉĞƌǀŝƐŽƌΘWƌŽũĞĐƚŝƌĞĐƚŽƌ͕WKŽdžϲϰϵϳϱ^ƚ͘WĂƵů͕ DEϱϱϭϲϰͲϬϵϳϱ͕ϲϱϭͲϮϬϭͲϰϴϵϰ͕^ƚĞƉŚĂŶŝĞ͘LJĞŶĚĞůůΛƐƚĂƚĞ͘ŵŶ͘ƵƐ͕ŽƌƚŚĞŝƌ ƐƵĐĐĞƐƐŽƌ͕ĂŶĚŚĂƐƚŚĞƌĞƐƉŽŶƐŝďŝůŝƚLJƚŽŵŽŶŝƚŽƌ'ƌĂŶƚĞĞ͛ƐƉĞƌĨŽƌŵĂŶĐĞĂŶĚƚŚĞ ĨŝŶĂůĂƵƚŚŽƌŝƚLJƚŽĂĐĐĞƉƚƚŚĞƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞĚƵŶĚĞƌƚŚŝƐĂŐƌĞĞŵĞŶƚ͘/ĨƚŚĞ ƐĞƌǀŝĐĞƐĂƌĞƐĂƚŝƐĨĂĐƚŽƌLJ͕D,͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞǁŝůůĐĞƌƚŝĨLJ ĂĐĐĞƉƚĂŶĐĞŽŶĞĂĐŚŝŶǀŽŝĐĞƐƵďŵŝƚƚĞĚĨŽƌƉĂLJŵĞŶƚ͘ ϲ͘Ϯ͘'ƌĂŶƚĞĞ͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞ [[453,2517,466,2574][12][B,I,][Arial]] 'ƌĂŶƚĞĞ͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞŝƐLJŶƚŚŝĂ^ƚĞŝŶŚĂƵƐĞƌ͕ŽŵŵƵŶŝƚLJ ĞǀĞůŽƉŵĞŶƚŝƌĞĐƚŽƌ͕ϰϬϬϭtĞƐƚZŝǀĞƌWŬǁLJEt͕^ƵŝƚĞϭϬϬ͕ZŽĐŚĞƐƚĞƌ͕DE ϱϱϵϬϭ͕ϱϬϳͲϯϮϴͲϮϬϭϱ͕ĐƐƚĞŝŶŚĂƵƐĞƌΛƌŽĐŚĞƐƚĞƌŵŶ͘ŐŽǀ͕ŽƌƚŚĞŝƌƐƵĐĐĞƐƐŽƌ͘ 'ƌĂŶƚĞĞ͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞŚĂƐĨƵůůĂƵƚŚŽƌŝƚLJƚŽƌĞƉƌĞƐĞŶƚ'ƌĂŶƚĞĞŝŶ ĨƵůĨŝůůŵĞŶƚŽĨƚŚĞƚĞƌŵƐ͕ĐŽŶĚŝƚŝŽŶƐ͕ĂŶĚƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚŝƐĂŐƌĞĞŵĞŶƚ͘/Ĩ 'ƌĂŶƚĞĞƐĞůĞĐƚƐĂŶĞǁƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞĂƚĂŶLJƚŝŵĞĚƵƌŝŶŐƚŚŝƐ ĂŐƌĞĞŵĞŶƚ͕'ƌĂŶƚĞĞŵƵƐƚŝŵŵĞĚŝĂƚĞůLJŶŽƚŝĨLJD,ŝŶǁƌŝƚŝŶŐ͕ǀŝĂĞͲŵĂŝůŽƌ ůĞƚƚĞƌ͘ WĂŐĞϴŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ϳ͘ƐƐŝŐŶŵĞŶƚ͕ŵĞŶĚŵĞŶƚƐ͕tĂŝǀĞƌ͕ĂŶĚ'ƌĂŶƚŐƌĞĞŵĞŶƚŽŵƉůĞƚĞ ϳ͘ϭ͘ƐƐŝŐŶŵĞŶƚ [[453,441,466,498][12][B,I,][Arial]] 'ƌĂŶƚĞĞƐŚĂůůŶĞŝƚŚĞƌĂƐƐŝŐŶŶŽƌƚƌĂŶƐĨĞƌĂŶLJƌŝŐŚƚƐŽƌŽďůŝŐĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐĂŐƌĞĞŵĞŶƚ ǁŝƚŚŽƵƚƚŚĞƉƌŝŽƌǁƌŝƚƚĞŶĐŽŶƐĞŶƚŽĨD,͘ ϳ͘Ϯ͘ŵĞŶĚŵĞŶƚƐ [[453,674,466,731][12][B,I,][Arial]] /ĨƚŚĞƌĞĂƌĞĂŶLJĂŵĞŶĚŵĞŶƚƐƚŽƚŚŝƐĂŐƌĞĞŵĞŶƚ͕ƚŚĞLJŵƵƐƚďĞŝŶǁƌŝƚŝŶŐ͘ŵĞŶĚŵĞŶƚƐ ǁŝůůŶŽƚďĞĞĨĨĞĐƚŝǀĞƵŶƚŝůƚŚĞLJŚĂǀĞďĞĞŶĞdžĞĐƵƚĞĚĂŶĚĂƉƉƌŽǀĞĚďLJD,ĂŶĚ'ƌĂŶƚĞĞ͘ ϳ͘ϯ͘tĂŝǀĞƌ [[453,907,466,964][12][B,I,][Arial]] /ĨD,ĨĂŝůƐƚŽĞŶĨŽƌĐĞĂŶLJƉƌŽǀŝƐŝŽŶŽĨƚŚŝƐĂŐƌĞĞŵĞŶƚ͕ƚŚĂƚĨĂŝůƵƌĞĚŽĞƐŶŽƚǁĂŝǀĞƚŚĞ ƉƌŽǀŝƐŝŽŶŽƌD,͛ƐƌŝŐŚƚƚŽĞŶĨŽƌĐĞŝƚ͘ ϳ͘ϰ͘'ƌĂŶƚŐƌĞĞŵĞŶƚŽŵƉůĞƚĞ [[453,1141,466,1198][12][B,I,][Arial]] dŚŝƐĂŐƌĞĞŵĞŶƚĐŽŶƚĂŝŶƐĂůůƚŚĞŶĞŐŽƚŝĂƚŝŽŶƐĂŶĚĂŐƌĞĞŵĞŶƚƐďĞƚǁĞĞŶD,ĂŶĚ 'ƌĂŶƚĞĞ͘EŽŽƚŚĞƌƵŶĚĞƌƐƚĂŶĚŝŶŐƌĞŐĂƌĚŝŶŐƚŚŝƐĂŐƌĞĞŵĞŶƚ͕ǁŚĞƚŚĞƌǁƌŝƚƚĞŶŽƌŽƌĂů͕ ŵĂLJďĞƵƐĞĚƚŽďŝŶĚĞŝƚŚĞƌƉĂƌƚLJ͘ ϴ͘>ŝĂďŝůŝƚLJ 'ƌĂŶƚĞĞŵƵƐƚŝŶĚĞŵŶŝĨLJĂŶĚŚŽůĚŚĂƌŵůĞƐƐD,͕ŝƚƐĂŐĞŶƚƐ͕ĂŶĚĞŵƉůŽLJĞĞƐĨƌŽŵĂůůĐůĂŝŵƐŽƌ ĐĂƵƐĞƐŽĨĂĐƚŝŽŶ͕ŝŶĐůƵĚŝŶŐĂƚƚŽƌŶĞLJƐ͛ĨĞĞƐŝŶĐƵƌƌĞĚďLJD,͕ĂƌŝƐŝŶŐĨƌŽŵƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨ ƚŚŝƐĂŐƌĞĞŵĞŶƚďLJ'ƌĂŶƚĞĞŽƌ'ƌĂŶƚĞĞ͛ƐĂŐĞŶƚƐŽƌĞŵƉůŽLJĞĞƐ͘dŚŝƐĐůĂƵƐĞǁŝůůŶŽƚďĞĐŽŶƐƚƌƵĞĚ ƚŽďĂƌĂŶLJůĞŐĂůƌĞŵĞĚŝĞƐ'ƌĂŶƚĞĞŵĂLJŚĂǀĞĨŽƌD,͛ƐĨĂŝůƵƌĞƚŽĨƵůĨŝůůŝƚƐŽďůŝŐĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐ ĂŐƌĞĞŵĞŶƚ͘EŽƚŚŝŶŐŝŶƚŚŝƐĐůĂƵƐĞŵĂLJďĞĐŽŶƐƚƌƵĞĚĂƐĂǁĂŝǀĞƌďLJ'ƌĂŶƚĞĞŽĨĂŶLJŝŵŵƵŶŝƚŝĞƐ ŽƌůŝŵŝƚĂƚŝŽŶƐŽĨůŝĂďŝůŝƚLJƚŽǁŚŝĐŚ'ƌĂŶƚĞĞŵĂLJďĞĞŶƚŝƚůĞĚƉƵƌƐƵĂŶƚƚŽDŝŶŶ͘^ƚĂƚ͘ĐŚ͘ϰϲϲ͕Žƌ ĂŶLJŽƚŚĞƌƐƚĂƚƵƚĞŽƌůĂǁ͘ ϵ͘^ƚĂƚĞƵĚŝƚƐ dŚĞƌĞůĞǀĂŶƚŬƐ͕ƌĞĐŽƌĚƐ͕ĚŽĐƵŵĞŶƚƐ͕ĂŶĚĂĐĐŽƵŶƚŝŶŐƉƌŽĐĞĚƵƌĞƐĂŶĚƉƌĂĐƚŝĐĞƐŽĨ'ƌĂŶƚĞĞ ĂŶĚĂŶLJŽƚŚĞƌƉĂƌƚLJĂƌĞƐƵďũĞĐƚƚŽĞdžĂŵŝŶĂƚŝŽŶƵŶĚĞƌDŝŶŶ͘^ƚĂƚ͘Αϭϲ͘ϵϴ͕ƐƵďĚ͘ϴ͕ďLJD, ĂŶĚƚŚĞDŝŶŶĞƐŽƚĂ^ƚĂƚĞƵĚŝƚŽƌŽƌƚŚĞDŝŶŶĞƐŽƚĂ>ĞŐŝƐůĂƚŝǀĞƵĚŝƚŽƌ͕ĂƐĂƉƉƌŽƉƌŝĂƚĞ͕ĨŽƌĂ ŵŝŶŝŵƵŵŽĨƐŝdžLJĞĂƌƐĨƌŽŵƚŚĞĞŶĚŽĨƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕ƌĞĐĞŝƉƚĂŶĚĂƉƉƌŽǀĂůŽĨĂůůĨŝŶĂů ƌĞƉŽƌƚƐ͕ŽƌƚŚĞƌĞƋƵŝƌĞĚƉĞƌŝŽĚŽĨƚŝŵĞƚŽƐĂƚŝƐĨLJĂůůƐƚĂƚĞĂŶĚƉƌŽŐƌĂŵƌĞƚĞŶƚŝŽŶƌĞƋƵŝƌĞŵĞŶƚƐ͕ ǁŚŝĐŚĞǀĞƌŝƐůĂƚĞƌ͘ ϭϬ͘'ŽǀĞƌŶŵĞŶƚĂƚĂWƌĂĐƚŝĐĞƐĂŶĚĂƚĂŝƐĐůŽƐƵƌĞ ϭϬ͘ϭ͘'ŽǀĞƌŶŵĞŶƚĂƚĂWƌĂĐƚŝĐĞƐ [[478,2511,491,2568][12][B,I,][Arial]] 'ƌĂŶƚĞĞĂŶĚD,ŵƵƐƚĐŽŵƉůLJǁŝƚŚƚŚĞDŝŶŶĞƐŽƚĂ'ŽǀĞƌŶŵĞŶƚĂƚĂWƌĂĐƚŝĐĞƐĐƚ͕ DŝŶŶ͘^ƚĂƚ͘ĐŚ͘ϭϯ͕ĂƐŝƚĂƉƉůŝĞƐƚŽĂůůĚĂƚĂƉƌŽǀŝĚĞĚďLJD,ƵŶĚĞƌƚŚŝƐĂŐƌĞĞŵĞŶƚ͕ĂŶĚ ĂƐŝƚĂƉƉůŝĞƐƚŽĂůůĚĂƚĂĐƌĞĂƚĞĚ͕ĐŽůůĞĐƚĞĚ͕ƌĞĐĞŝǀĞĚ͕ƐƚŽƌĞĚ͕ƵƐĞĚ͕ŵĂŝŶƚĂŝŶĞĚ͕Žƌ ĚŝƐƐĞŵŝŶĂƚĞĚďLJ'ƌĂŶƚĞĞƵŶĚĞƌƚŚŝƐĂŐƌĞĞŵĞŶƚWƵƌƐƵĂŶƚƚŽDŝŶŶ͘^ƚĂƚ͘Αϭϯ͘Ϭϱ͕ ƐƵďĚ͘ϭϭ;ĂͿ͘dŚĞĐŝǀŝůƌĞŵĞĚŝĞƐŽĨDŝŶŶ͘^ƚĂƚ͘Αϭϯ͘ϬϴĂƉƉůLJƚŽƚŚĞƌĞůĞĂƐĞŽĨƚŚĞĚĂƚĂ ƌĞĨĞƌƌĞĚƚŽŝŶƚŚŝƐĐůĂƵƐĞďLJĞŝƚŚĞƌ'ƌĂŶƚĞĞŽƌD,͘ /Ĩ'ƌĂŶƚĞĞƌĞĐĞŝǀĞƐĂƌĞƋƵĞƐƚƚŽƌĞůĞĂƐĞƚŚĞĚĂƚĂƌĞĨĞƌƌĞĚƚŽŝŶƚŚŝƐĐůĂƵƐĞ͕'ƌĂŶƚĞĞŵƵƐƚ ŝŵŵĞĚŝĂƚĞůLJŶŽƚŝĨLJD,͘D,ǁŝůůŐŝǀĞ'ƌĂŶƚĞĞŝŶƐƚƌƵĐƚŝŽŶƐĐŽŶĐĞƌŶŝŶŐƚŚĞƌĞůĞĂƐĞŽĨ WĂŐĞϵŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ƚŚĞĚĂƚĂƚŽƚŚĞƌĞƋƵĞƐƚŝŶŐƉĂƌƚLJďĞĨŽƌĞĂŶLJĚĂƚĂŝƐƌĞůĞĂƐĞĚ͘'ƌĂŶƚĞĞ͛ƐƌĞƐƉŽŶƐĞƚŽƚŚĞ ƌĞƋƵĞƐƚŵƵƐƚĐŽŵƉůLJǁŝƚŚƚŚĞĂƉƉůŝĐĂďůĞůĂǁ͘ ϭϬ͘Ϯ͘ĂƚĂŝƐĐůŽƐƵƌĞ [[478,552,491,609][12][B,I,][Arial]] 'ƌĂŶƚĞĞĐŽŶƐĞŶƚƐƚŽĚŝƐĐůŽƐƵƌĞŽĨŝƚƐƐŽĐŝĂůƐĞĐƵƌŝƚLJŶƵŵďĞƌ͕ĨĞĚĞƌĂůĞŵƉůŽLJĞĞƚĂdž ŝĚĞŶƚŝĨŝĐĂƚŝŽŶŶƵŵďĞƌ͕ŽƌDŝŶŶĞƐŽƚĂƚĂdžŝĚĞŶƚŝĨŝĐĂƚŝŽŶŶƵŵďĞƌͲͲǁŚŝĐŚŵĂLJŚĂǀĞĂůƌĞĂĚLJ ďĞĞŶƉƌŽǀŝĚĞĚƚŽD,ͲͲƚŽĨĞĚĞƌĂůĂŶĚƐƚĂƚĞƚĂdžĂŐĞŶĐŝĞƐĂŶĚƐƚĂƚĞƉĞƌƐŽŶŶĞůŝŶǀŽůǀĞĚ ŝŶƚŚĞƉĂLJŵĞŶƚŽĨƐƚĂƚĞŽďůŝŐĂƚŝŽŶƐƉƵƌƐƵĂŶƚƚŽDŝŶŶ͘^ƚĂƚ͘ΑϮϳϬ͘ϲϱ͕ƐƵďĚ͘ϯ͕ĂŶĚĂůů ŽƚŚĞƌĂƉƉůŝĐĂďůĞůĂǁƐ͘dŚĞƐĞŝĚĞŶƚŝĨŝĐĂƚŝŽŶŶƵŵďĞƌƐŵĂLJďĞƵƐĞĚŝŶƚŚĞĞŶĨŽƌĐĞŵĞŶƚŽĨ ĨĞĚĞƌĂůĂŶĚƐƚĂƚĞƚĂdžůĂǁƐǁŚŝĐŚĐŽƵůĚƌĞƐƵůƚŝŶĂĐƚŝŽŶƌĞƋƵŝƌŝŶŐ'ƌĂŶƚĞĞƚŽĨŝůĞƐƚĂƚĞƚĂdž ƌĞƚƵƌŶƐĂŶĚƉĂLJĚĞůŝŶƋƵĞŶƚƐƚĂƚĞƚĂdžůŝĂďŝůŝƚŝĞƐ͕ŝĨĂŶLJ͘ ϭϭ͘KǁŶĞƌƐŚŝƉŽĨƋƵŝƉŵĞŶƚ ŝƐƉŽƐŝƚŝŽŶŽĨĂůůĞƋƵŝƉŵĞŶƚƉƵƌĐŚĂƐĞĚƵŶĚĞƌƚŚŝƐŐƌĂŶƚƐŚĂůůďĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚϮ&ZϮϬϬ͘ &ŽƌĂůůĞƋƵŝƉŵĞŶƚŚĂǀŝŶŐĂĐƵƌƌĞŶƚƉĞƌƵŶŝƚĨĂŝƌŵĂƌŬĞƚǀĂůƵĞŽĨΨϱ͕ϬϬϬŽƌŵŽƌĞ͕D,ƐŚĂůů ŚĂǀĞƚŚĞƌŝŐŚƚƚŽƌĞƋƵŝƌĞƚƌĂŶƐĨĞƌŽĨƚŚĞĞƋƵŝƉŵĞŶƚ͕ŝŶĐůƵĚŝŶŐƚŝƚůĞ͕ƚŽƚŚĞ&ĞĚĞƌĂů'ŽǀĞƌŶŵĞŶƚ ŽƌƚŽĂŶĞůŝŐŝďůĞŶŽŶͲ&ĞĚĞƌĂůƉĂƌƚLJŶĂŵĞĚďLJD,͘dŚŝƐƌŝŐŚƚǁŝůůŶŽƌŵĂůůLJďĞĞdžĞƌĐŝƐĞĚďLJD, ŽŶůLJŝĨƚŚĞƉƌŽũĞĐƚŽƌƉƌŽŐƌĂŵĨŽƌǁŚŝĐŚƚŚĞĞƋƵŝƉŵĞŶƚǁĂƐĂĐƋƵŝƌĞĚŝƐƚƌĂŶƐĨĞƌƌĞĚĨƌŽŵŽŶĞ ŐƌĂŶƚĞĞƚŽĂŶŽƚŚĞƌ͘ ϭϮ͘KǁŶĞƌƐŚŝƉŽĨDĂƚĞƌŝĂůƐĂŶĚ/ŶƚĞůůĞĐƚƵĂůWƌŽƉĞƌƚLJZŝŐŚƚƐ ϭϮ͘ϭ͘KǁŶĞƌƐŚŝƉŽĨDĂƚĞƌŝĂůƐ [[478,1629,491,1686][12][B,I,][Arial]] D,ƐŚĂůůŽǁŶĂůůƌŝŐŚƚƐ͕ƚŝƚůĞĂŶĚŝŶƚĞƌĞƐƚŝŶĂůůŽĨƚŚĞŵĂƚĞƌŝĂůƐĐŽŶĐĞŝǀĞĚŽƌĐƌĞĂƚĞĚďLJ 'ƌĂŶƚĞĞ͕ŽƌŝƚƐĞŵƉůŽLJĞĞƐŽƌƐƵďŐƌĂŶƚĞĞƐ͕ĞŝƚŚĞƌŝŶĚŝǀŝĚƵĂůůLJŽƌũŽŝŶƚůLJǁŝƚŚŽƚŚĞƌƐĂŶĚ ǁŚŝĐŚĂƌŝƐĞŽƵƚŽĨƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕ŝŶĐůƵĚŝŶŐĂŶLJŝŶǀĞŶƚŝŽŶƐ͕ ƌĞƉŽƌƚƐ͕ƐƚƵĚŝĞƐ͕ĚĞƐŝŐŶƐ͕ĚƌĂǁŝŶŐƐ͕ƐƉĞĐŝĨŝĐĂƚŝŽŶƐ͕ŶŽƚĞƐ͕ĚŽĐƵŵĞŶƚƐ͕ƐŽĨƚǁĂƌĞĂŶĚ ĚŽĐƵŵĞŶƚĂƚŝŽŶ͕ĐŽŵƉƵƚĞƌďĂƐĞĚƚƌĂŝŶŝŶŐŵŽĚƵůĞƐ͕ĞůĞĐƚƌŽŶŝĐĂůůLJ͕ŵĂŐŶĞƚŝĐĂůůLJŽƌ ĚŝŐŝƚĂůůLJƌĞĐŽƌĚĞĚŵĂƚĞƌŝĂů͕ĂŶĚŽƚŚĞƌǁŽƌŬŝŶǁŚĂƚĞǀĞƌĨŽƌŵ;͞ŵĂƚĞƌŝĂůƐ͟Ϳ͘ 'ƌĂŶƚĞĞŚĞƌĞďLJĂƐƐŝŐŶƐƚŽD,ĂůůƌŝŐŚƚƐ͕ƚŝƚůĞĂŶĚŝŶƚĞƌĞƐƚƚŽƚŚĞŵĂƚĞƌŝĂůƐ͘'ƌĂŶƚĞĞ ƐŚĂůů͕ƵƉŽŶƌĞƋƵĞƐƚŽĨD,͕ĞdžĞĐƵƚĞĂůůƉĂƉĞƌƐĂŶĚƉĞƌĨŽƌŵĂůůŽƚŚĞƌĂĐƚƐŶĞĐĞƐƐĂƌLJƚŽ ĂƐƐŝƐƚD,ƚŽŽďƚĂŝŶĂŶĚƌĞŐŝƐƚĞƌĐŽƉLJƌŝŐŚƚƐ͕ƉĂƚĞŶƚƐŽƌŽƚŚĞƌĨŽƌŵƐŽĨƉƌŽƚĞĐƚŝŽŶ ƉƌŽǀŝĚĞĚďLJůĂǁĨŽƌƚŚĞŵĂƚĞƌŝĂůƐ͘dŚĞŵĂƚĞƌŝĂůƐĐƌĞĂƚĞĚƵŶĚĞƌƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚďLJ 'ƌĂŶƚĞĞ͕ŝƚƐĞŵƉůŽLJĞĞƐŽƌƐƵďŐƌĂŶƚĞĞƐ͕ŝŶĚŝǀŝĚƵĂůůLJŽƌũŽŝŶƚůLJǁŝƚŚŽƚŚĞƌƐ͕ƐŚĂůůďĞ ĐŽŶƐŝĚĞƌĞĚ͞ǁŽƌŬƐŵĂĚĞĨŽƌŚŝƌĞ͟ĂƐĚĞĨŝŶĞĚďLJƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐŽƉLJƌŝŐŚƚĐƚ͘ůůŽĨ ƚŚĞŵĂƚĞƌŝĂůƐ͕ǁŚĞƚŚĞƌŝŶƉĂƉĞƌ͕ĞůĞĐƚƌŽŶŝĐ͕ŽƌŽƚŚĞƌĨŽƌŵ͕ƐŚĂůůďĞƌĞŵŝƚƚĞĚƚŽD,ďLJ 'ƌĂŶƚĞĞ͘/ƚƐĞŵƉůŽLJĞĞƐĂŶĚĂŶLJƐƵďŐƌĂŶƚĞĞƐƐŚĂůůŶŽƚĐŽƉLJ͕ƌĞƉƌŽĚƵĐĞ͕ĂůůŽǁŽƌĐĂƵƐĞ ƚŽŚĂǀĞƚŚĞŵĂƚĞƌŝĂůƐĐŽƉŝĞĚ͕ƌĞƉƌŽĚƵĐĞĚŽƌƵƐĞĚĨŽƌĂŶLJƉƵƌƉŽƐĞŽƚŚĞƌƚŚĂŶ ƉĞƌĨŽƌŵĂŶĐĞŽĨ'ƌĂŶƚĞĞ͛ƐŽďůŝŐĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚǁŝƚŚŽƵƚƚŚĞƉƌŝŽƌ ǁƌŝƚƚĞŶĐŽŶƐĞŶƚŽĨD,͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞ͘ ϭϮ͘Ϯ͘/ŶƚĞůůĞĐƚƵĂůWƌŽƉĞƌƚLJZŝŐŚƚƐ [[478,2827,491,2884][12][B,I,][Arial]] 'ƌĂŶƚĞĞƌĞƉƌĞƐĞŶƚƐĂŶĚǁĂƌƌĂŶƚƐƚŚĂƚŵĂƚĞƌŝĂůƐƉƌŽĚƵĐĞĚŽƌƵƐĞĚƵŶĚĞƌƚŚŝƐŐƌĂŶƚ ĂŐƌĞĞŵĞŶƚĚŽŶŽƚĂŶĚǁŝůůŶŽƚŝŶĨƌŝŶŐĞƵƉŽŶĂŶLJŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƌŝŐŚƚƐŽĨĂŶŽƚŚĞƌ ŝŶĐůƵĚŝŶŐďƵƚŶŽƚůŝŵŝƚĞĚƚŽƉĂƚĞŶƚƐ͕ĐŽƉLJƌŝŐŚƚƐ͕ƚƌĂĚĞƐĞĐƌĞƚƐ͕ƚƌĂĚĞŶĂŵĞƐ͕ĂŶĚƐĞƌǀŝĐĞ WĂŐĞϭϬŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ŵĂƌŬƐĂŶĚŶĂŵĞƐ͘'ƌĂŶƚĞĞƐŚĂůůŝŶĚĞŵŶŝĨLJĂŶĚĚĞĨĞŶĚD,͕Ăƚ'ƌĂŶƚĞĞ͛ƐĞdžƉĞŶƐĞ͕ ĨƌŽŵĂŶLJĂĐƚŝŽŶŽƌĐůĂŝŵďƌŽƵŐŚƚĂŐĂŝŶƐƚD,ƚŽƚŚĞĞdžƚĞŶƚƚŚĂƚŝƚŝƐďĂƐĞĚŽŶĂĐůĂŝŵ ƚŚĂƚĂůůŽƌƉĂƌƚƐŽĨƚŚĞŵĂƚĞƌŝĂůƐŝŶĨƌŝŶŐĞƵƉŽŶƚŚĞŝŶƚĞůůĞĐƚƵĂůƉƌŽƉĞƌƚLJƌŝŐŚƚƐŽĨ ĂŶŽƚŚĞƌ͘'ƌĂŶƚĞĞƐŚĂůůďĞƌĞƐƉŽŶƐŝďůĞĨŽƌƉĂLJŵĞŶƚŽĨĂŶLJĂŶĚĂůůƐƵĐŚĐůĂŝŵƐ͕ĚĞŵĂŶĚƐ͕ ŽďůŝŐĂƚŝŽŶƐ͕ůŝĂďŝůŝƚŝĞƐ͕ĐŽƐƚƐ͕ĂŶĚĚĂŵĂŐĞƐŝŶĐůƵĚŝŶŐ͕ďƵƚŶŽƚůŝŵŝƚĞĚƚŽ͕ƌĞĂƐŽŶĂďůĞ ĂƚƚŽƌŶĞLJĨĞĞƐĂƌŝƐŝŶŐŽƵƚŽĨƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕ĂŵĞŶĚŵĞŶƚƐĂŶĚƐƵƉƉůĞŵĞŶƚƐ ƚŚĞƌĞƚŽ͕ǁŚŝĐŚĂƌĞĂƚƚƌŝďƵƚĂďůĞƚŽƐƵĐŚĐůĂŝŵƐŽƌĂĐƚŝŽŶƐ͘/ĨƐƵĐŚĂĐůĂŝŵŽƌĂĐƚŝŽŶĂƌŝƐĞƐ ŽƌŝŶ'ƌĂŶƚĞĞ͛ƐŽƌD,͛ƐŽƉŝŶŝŽŶŝƐůŝŬĞůLJƚŽĂƌŝƐĞ͕'ƌĂŶƚĞĞƐŚĂůůĂƚD,͛ƐĚŝƐĐƌĞƚŝŽŶ ĞŝƚŚĞƌƉƌŽĐƵƌĞĨŽƌD,ƚŚĞƌŝŐŚƚŽƌůŝĐĞŶƐĞƚŽĐŽŶƚŝŶƵĞƵƐŝŶŐƚŚĞŵĂƚĞƌŝĂůƐĂƚŝƐƐƵĞŽƌ ƌĞƉůĂĐĞŽƌŵŽĚŝĨLJƚŚĞĂůůĞŐĞĚůLJŝŶĨƌŝŶŐŝŶŐŵĂƚĞƌŝĂůƐ͘dŚŝƐƌĞŵĞĚLJƐŚĂůůďĞŝŶĂĚĚŝƚŝŽŶƚŽ ĂŶĚƐŚĂůůŶŽƚďĞĞdžĐůƵƐŝǀĞŽĨŽƚŚĞƌƌĞŵĞĚŝĞƐƉƌŽǀŝĚĞĚďLJůĂǁ͘ ϭϯ͘tŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶ 'ƌĂŶƚĞĞĐĞƌƚŝĨŝĞƐƚŚĂƚŝƚŝƐŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚDŝŶŶ͘^ƚĂƚ͘Αϭϳϲ͘ϭϴϭ͕ƐƵďĚ͘Ϯ͕ǁŚŝĐŚƉĞƌƚĂŝŶƐƚŽ ǁŽƌŬĞƌƐ͛ĐŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞ͘'ƌĂŶƚĞĞ͛ƐĞŵƉůŽLJĞĞƐĂŶĚĂŐĞŶƚƐ͕ĂŶĚĂŶLJ ĐŽŶƚƌĂĐƚŽƌŚŝƌĞĚďLJ'ƌĂŶƚĞĞƚŽƉĞƌĨŽƌŵƚŚĞǁŽƌŬƌĞƋƵŝƌĞĚďLJƚŚŝƐ'ƌĂŶƚŐƌĞĞŵĞŶƚĂŶĚŝƚƐ ĞŵƉůŽLJĞĞƐ͕ǁŝůůŶŽƚďĞĐŽŶƐŝĚĞƌĞĚ^ƚĂƚĞĞŵƉůŽLJĞĞƐ͘ŶLJĐůĂŝŵƐƚŚĂƚŵĂLJĂƌŝƐĞƵŶĚĞƌƚŚĞ DŝŶŶĞƐŽƚĂtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶĐƚŽŶďĞŚĂůĨŽĨƚŚĞƐĞĞŵƉůŽLJĞĞƐ͕ĂŶĚĂŶLJĐůĂŝŵƐŵĂĚĞďLJ ĂŶLJƚŚŝƌĚƉĂƌƚLJĂƐĂĐŽŶƐĞƋƵĞŶĐĞŽĨĂŶLJĂĐƚŽƌŽŵŝƐƐŝŽŶŽŶƚŚĞƉĂƌƚŽĨƚŚĞƐĞĞŵƉůŽLJĞĞƐ͕ĂƌĞŝŶ ŶŽǁĂLJD,͛ƐŽďůŝŐĂƚŝŽŶŽƌƌĞƐƉŽŶƐŝďŝůŝƚLJ͘ ϭϰ͘WƵďůŝĐŝƚLJĂŶĚŶĚŽƌƐĞŵĞŶƚ ϭϰ͘ϭ͘WƵďůŝĐŝƚLJ [[478,1701,491,1758][12][B,I,][Arial]] ŶLJƉƵďůŝĐŝƚLJŐŝǀĞŶƚŽƚŚĞƉƌŽŐƌĂŵ͕ƉƵďůŝĐĂƚŝŽŶƐ͕ŽƌƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞĚƌĞƐƵůƚŝŶŐĨƌŽŵƚŚŝƐ ŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕ŝŶĐůƵĚŝŶŐ͕ďƵƚŶŽƚůŝŵŝƚĞĚƚŽ͕ŶŽƚŝĐĞƐ͕ŝŶĨŽƌŵĂƚŝŽŶĂůƉĂŵƉŚůĞƚƐ͕ƉƌĞƐƐ ƌĞůĞĂƐĞƐ͕ƌĞƐĞĂƌĐŚ͕ƌĞƉŽƌƚƐ͕ƐŝŐŶƐ͕ĂŶĚƐŝŵŝůĂƌƉƵďůŝĐŶŽƚŝĐĞƐƉƌĞƉĂƌĞĚďLJŽƌĨŽƌ'ƌĂŶƚĞĞ ŽƌŝƚƐĞŵƉůŽLJĞĞƐŝŶĚŝǀŝĚƵĂůůLJŽƌũŽŝŶƚůLJǁŝƚŚŽƚŚĞƌƐ͕ŽƌĂŶLJƐƵďŐƌĂŶƚĞĞƐƐŚĂůůŝĚĞŶƚŝĨLJ D,ĂƐƚŚĞƐƉŽŶƐŽƌŝŶŐĂŐĞŶĐLJĂŶĚƐŚĂůůŶŽƚďĞƌĞůĞĂƐĞĚǁŝƚŚŽƵƚƉƌŝŽƌǁƌŝƚƚĞŶĂƉƉƌŽǀĂů ďLJD,͛ƐƵƚŚŽƌŝnjĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞ͕ƵŶůĞƐƐƐƵĐŚƌĞůĞĂƐĞŝƐĂƐƉĞĐŝĨŝĐƉĂƌƚŽĨĂŶ ĂƉƉƌŽǀĞĚǁŽƌŬƉůĂŶŝŶĐůƵĚĞĚŝŶƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͘ ϭϰ͘Ϯ͘ŶĚŽƌƐĞŵĞŶƚ [[478,2239,491,2296][12][B,I,][Arial]] 'ƌĂŶƚĞĞŵƵƐƚŶŽƚĐůĂŝŵƚŚĂƚD,ĞŶĚŽƌƐĞƐŝƚƐƉƌŽĚƵĐƚƐŽƌƐĞƌǀŝĐĞƐ͘ ϭϱ͘dĞƌŵŝŶĂƚŝŽŶ ϭϱ͘ϭ͘dĞƌŵŝŶĂƚŝŽŶďLJD,Žƌ'ƌĂŶƚĞĞ [[478,2472,491,2529][12][B,I,][Arial]] D,Žƌ'ƌĂŶƚĞĞŵĂLJĐĂŶĐĞůƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚĂƚĂŶLJƚŝŵĞ͕ǁŝƚŚŽƌǁŝƚŚŽƵƚĐĂƵƐĞ͕ ƵƉŽŶƚŚŝƌƚLJ;ϯϬͿĚĂLJƐǁƌŝƚƚĞŶŶŽƚŝĐĞƚŽƚŚĞŽƚŚĞƌƉĂƌƚLJ͘ ϭϱ͘Ϯ͘dĞƌŵŝŶĂƚŝŽŶĨŽƌĂƵƐĞ [[478,2705,491,2762][12][B,I,][Arial]] /Ĩ'ƌĂŶƚĞĞĨĂŝůƐƚŽĐŽŵƉůLJǁŝƚŚƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕D,ŵĂLJ ƚĞƌŵŝŶĂƚĞƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚǁŝƚŚŽƵƚƉƌĞũƵĚŝĐĞƚŽƚŚĞƌŝŐŚƚŽĨD,ƚŽƌĞĐŽǀĞƌĂŶLJ ŵŽŶĞLJƉƌĞǀŝŽƵƐůLJƉĂŝĚ͘dŚĞƚĞƌŵŝŶĂƚŝŽŶƐŚĂůůďĞĞĨĨĞĐƚŝǀĞĨŝǀĞďƵƐŝŶĞƐƐĚĂLJƐĂĨƚĞƌD, ŵĂŝůƐ͕ďLJĐĞƌƚŝĨŝĞĚŵĂŝů͕ƌĞƚƵƌŶƌĞĐĞŝƉƚƌĞƋƵĞƐƚĞĚ͕ǁƌŝƚƚĞŶŶŽƚŝĐĞŽĨƚĞƌŵŝŶĂƚŝŽŶƚŽ 'ƌĂŶƚĞĞĂƚŝƚƐůĂƐƚŬŶŽǁŶĂĚĚƌĞƐƐ͘ WĂŐĞϭϭŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ϭϱ͘ϯ͘dĞƌŵŝŶĂƚŝŽŶĨŽƌ/ŶƐƵĨĨŝĐŝĞŶƚ&ƵŶĚŝŶŐ [[478,380,491,437][12][B,I,][Arial]] D,ŵĂLJŝŵŵĞĚŝĂƚĞůLJƚĞƌŵŝŶĂƚĞƚŚŝƐĂŐƌĞĞŵĞŶƚŝĨŝƚĚŽĞƐŶŽƚŽďƚĂŝŶĨƵŶĚŝŶŐĨƌŽŵƚŚĞ DŝŶŶĞƐŽƚĂůĞŐŝƐůĂƚƵƌĞŽƌŽƚŚĞƌĨƵŶĚŝŶŐƐŽƵƌĐĞ͖ŽƌŝĨĨƵŶĚŝŶŐĐĂŶŶŽƚďĞĐŽŶƚŝŶƵĞĚĂƚĂ ůĞǀĞůƐƵĨĨŝĐŝĞŶƚƚŽĂůůŽǁĨŽƌƚŚĞƉĂLJŵĞŶƚŽĨƚŚĞǁŽƌŬƐĐŽƉĞĐŽǀĞƌĞĚŝŶƚŚŝƐĂŐƌĞĞŵĞŶƚ͘ dĞƌŵŝŶĂƚŝŽŶŵƵƐƚďĞďLJǁƌŝƚƚĞŶŽƌĨĂĐƐŝŵŝůĞŶŽƚŝĐĞƚŽ'ƌĂŶƚĞĞ͘D,ŝƐŶŽƚŽďůŝŐĂƚĞĚƚŽ ƉĂLJĨŽƌĂŶLJǁŽƌŬƉĞƌĨŽƌŵĞĚĂĨƚĞƌŶŽƚŝĐĞĂŶĚĞĨĨĞĐƚŝǀĞĚĂƚĞŽĨƚŚĞƚĞƌŵŝŶĂƚŝŽŶ͘ ,ŽǁĞǀĞƌ͕'ƌĂŶƚĞĞǁŝůůďĞĞŶƚŝƚůĞĚƚŽƉĂLJŵĞŶƚ͕ĚĞƚĞƌŵŝŶĞĚŽŶĂƉƌŽƌĂƚĂďĂƐŝƐ͕ĨŽƌ ƐĞƌǀŝĐĞƐƐĂƚŝƐĨĂĐƚŽƌŝůLJƉĞƌĨŽƌŵĞĚƚŽƚŚĞĞdžƚĞŶƚƚŚĂƚĨƵŶĚƐĂƌĞĂǀĂŝůĂďůĞ͘D,ǁŝůůŶŽƚďĞ ĂƐƐĞƐƐĞĚĂŶLJƉĞŶĂůƚLJŝĨƚŚŝƐĂŐƌĞĞŵĞŶƚŝƐƚĞƌŵŝŶĂƚĞĚďĞĐĂƵƐĞŽĨƚŚĞĚĞĐŝƐŝŽŶŽĨƚŚĞ DŝŶŶĞƐŽƚĂůĞŐŝƐůĂƚƵƌĞ͕ŽƌŽƚŚĞƌĨƵŶĚŝŶŐƐŽƵƌĐĞ͕ŶŽƚƚŽĂƉƉƌŽƉƌŝĂƚĞĨƵŶĚƐ͘D,ŵƵƐƚ ƉƌŽǀŝĚĞ'ƌĂŶƚĞĞŶŽƚŝĐĞŽĨƚŚĞůĂĐŬŽĨĨƵŶĚŝŶŐǁŝƚŚŝŶĂƌĞĂƐŽŶĂďůĞƚŝŵĞŽĨD,ƌĞĐĞŝǀŝŶŐ ŶŽƚŝĐĞŽĨƚŚĞƐĂŵĞ͘ ϭϲ͘'ŽǀĞƌŶŝŶŐ>Ăǁ͕:ƵƌŝƐĚŝĐƚŝŽŶ͕ĂŶĚsĞŶƵĞ dŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕ĂŶĚĂŵĞŶĚŵĞŶƚƐĂŶĚƐƵƉƉůĞŵĞŶƚƐƚŽŝƚ͕ƐŚĂůůďĞŐŽǀĞƌŶĞĚďLJƚŚĞ ůĂǁƐŽĨƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂ͘sĞŶƵĞĨŽƌĂůůůĞŐĂůƉƌŽĐĞĞĚŝŶŐƐĂƌŝƐŝŶŐŽƵƚŽĨƚŚŝƐŐƌĂŶƚ ĂŐƌĞĞŵĞŶƚ͕ŽƌĨŽƌďƌĞĂĐŚƚŚĞƌĞŽĨ͕ƐŚĂůůďĞŝŶƚŚĞƐƚĂƚĞŽƌĨĞĚĞƌĂůĐŽƵƌƚǁŝƚŚĐŽŵƉĞƚĞŶƚ ũƵƌŝƐĚŝĐƚŝŽŶŝŶZĂŵƐĞLJŽƵŶƚLJ͕DŝŶŶĞƐŽƚĂ͘ ϭϳ͘KƚŚĞƌWƌŽǀŝƐŝŽŶƐ ϭϳ͘ϭ͘ŽŶƚƌĂĐƚŽƌĞďĂƌŵĞŶƚ͕^ƵƐƉĞŶƐŝŽŶĂŶĚZĞƐƉŽŶƐŝďŝůŝƚLJĞƌƚŝĨŝĐĂƚŝŽŶ [[478,1579,491,1636][12][B,I,][Arial]] &ĞĚĞƌĂůƌĞŐƵůĂƚŝŽŶϮ&ZWĂƌƚϮϬϬ͘ϭϮƉƌŽŚŝďŝƚƐD,ĨƌŽŵƉƵƌĐŚĂƐŝŶŐŐŽŽĚƐŽƌƐĞƌǀŝĐĞƐ ǁŝƚŚĨĞĚĞƌĂůŵŽŶĞLJĨƌŽŵǀĞŶĚŽƌƐǁŚŽŚĂǀĞďĞĞŶƐƵƐƉĞŶĚĞĚŽƌĚĞďĂƌƌĞĚďLJƚŚĞ&ĞĚĞƌĂů 'ŽǀĞƌŶŵĞŶƚ͘^ŝŵŝůĂƌůLJ͕DŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐ͕ƐĞĐƚŝŽŶϭϲ͘Ϭϯ͕^ƵďĚŝǀŝƐŝŽŶϮ͕ƉƌŽǀŝĚĞƐƚŚĞ ŽŵŵŝƐƐŝŽŶĞƌŽĨĚŵŝŶŝƐƚƌĂƚŝŽŶǁŝƚŚƚŚĞĂƵƚŚŽƌŝƚLJƚŽĚĞďĂƌĂŶĚƐƵƐƉĞŶĚǀĞŶĚŽƌƐǁŚŽ ƐĞĞŬƚŽĐŽŶƚƌĂĐƚǁŝƚŚD,͘ sĞŶĚŽƌƐŵĂLJďĞƐƵƐƉĞŶĚĞĚŽƌĚĞďĂƌƌĞĚǁŚĞŶŝƚŝƐĚĞƚĞƌŵŝŶĞĚ͕ƚŚƌŽƵŐŚĂĚƵůLJ ĂƵƚŚŽƌŝnjĞĚŚĞĂƌŝŶŐƉƌŽĐĞƐƐ͕ƚŚĂƚƚŚĞLJŚĂǀĞĂďƵƐĞĚƚŚĞƉƵďůŝĐƚƌƵƐƚŝŶĂƐĞƌŝŽƵƐŵĂŶŶĞƌ͘ /ŶƉĂƌƚŝĐƵůĂƌ͕ƚŚĞ&ĞĚĞƌĂů'ŽǀĞƌŶŵĞŶƚĞdžƉĞĐƚƐD,ƚŽŚĂǀĞĂƉƌŽĐĞƐƐŝŶƉůĂĐĞĨŽƌ ĚĞƚĞƌŵŝŶŝŶŐǁŚĞƚŚĞƌĂǀĞŶĚŽƌŚĂƐďĞĞŶƐƵƐƉĞŶĚĞĚŽƌĚĞďĂƌƌĞĚ͕ĂŶĚƚŽƉƌĞǀĞŶƚƐƵĐŚ ǀĞŶĚŽƌƐĨƌŽŵƌĞĐĞŝǀŝŶŐĨĞĚĞƌĂůĨƵŶĚƐ͘ LJƐŝŐŶŝŶŐƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕'ƌĂŶƚĞĞĐĞƌƚŝĨŝĞƐƚŚĂƚŝƚĂŶĚŝƚƐƉƌŝŶĐŝƉĂůƐ͗ Ă͘ƌĞŶŽƚƉƌĞƐĞŶƚůLJĚĞďĂƌƌĞĚ͕ƐƵƐƉĞŶĚĞĚƉƌŽƉŽƐĞĚĨŽƌĚĞďĂƌŵĞŶƚ͕ĚĞĐůĂƌĞĚ ŝŶĞůŝŐŝďůĞ͕ŽƌǀŽůƵŶƚĂƌŝůLJĞdžĐůƵĚĞĚĨƌŽŵƚƌĂŶƐĂĐƚŝŶŐďƵƐŝŶĞƐƐďLJŽƌǁŝƚŚĂŶLJ ĨĞĚĞƌĂů͕ƐƚĂƚĞŽƌůŽĐĂůŐŽǀĞƌŶŵĞŶƚĂůĚĞƉĂƌƚŵĞŶƚŽƌĂŐĞŶĐLJ͖ ď͘,ĂǀĞŶŽƚǁŝƚŚŝŶĂƚŚƌĞĞͲLJĞĂƌƉĞƌŝŽĚƉƌĞĐĞĚŝŶŐƚŚŝƐĂŐƌĞĞŵĞŶƚ͗ĂͿďĞĞŶĐŽŶǀŝĐƚĞĚ ŽĨŽƌŚĂĚĂĐŝǀŝůũƵĚŐŵĞŶƚƌĞŶĚĞƌĞĚĂŐĂŝŶƐƚƚŚĞŵĨŽƌĐŽŵŵŝƐƐŝŽŶŽĨĨƌĂƵĚŽƌĂ ĐƌŝŵŝŶĂůŽĨĨĞŶƐĞŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚŽďƚĂŝŶŝŶŐ͕ĂƚƚĞŵƉƚŝŶŐƚŽŽďƚĂŝŶŽƌ ƉĞƌĨŽƌŵŝŶŐĂƉƵďůŝĐ;ĨĞĚĞƌĂů͕ƐƚĂƚĞŽƌůŽĐĂůͿƚƌĂŶƐĂĐƚŝŽŶŽƌĐŽŶƚƌĂĐƚ͖ďͿǀŝŽůĂƚĞĚ ĂŶLJĨĞĚĞƌĂůŽƌƐƚĂƚĞĂŶƚŝƚƌƵƐƚƐƚĂƚƵƚĞƐ͖ŽƌĐͿĐŽŵŵŝƚƚĞĚĞŵďĞnjnjůĞŵĞŶƚ͕ƚŚĞĨƚ͕ ĨŽƌŐĞƌLJ͕ďƌŝďĞƌLJ͕ĨĂůƐŝĨŝĐĂƚŝŽŶŽƌĚĞƐƚƌƵĐƚŝŽŶŽĨƌĞĐŽƌĚƐ͕ŵĂŬŝŶŐĨĂůƐĞƐƚĂƚĞŵĞŶƚƐ ŽƌƌĞĐĞŝǀŝŶŐƐƚŽůĞŶƉƌŽƉĞƌƚLJ͖ WĂŐĞϭϮŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ Đ͘ƌĞŶŽƚƉƌĞƐĞŶƚůLJŝŶĚŝĐƚĞĚŽƌŽƚŚĞƌǁŝƐĞĐƌŝŵŝŶĂůůLJŽƌĐŝǀŝůůLJĐŚĂƌŐĞĚďLJĂ ŐŽǀĞƌŶŵĞŶƚĂůĞŶƚŝƚLJĨŽƌ͗ĂͿĐŽŵŵŝƐƐŝŽŶŽĨĨƌĂƵĚŽƌĂĐƌŝŵŝŶĂůŽĨĨĞŶƐĞŝŶ ĐŽŶŶĞĐƚŝŽŶǁŝƚŚŽďƚĂŝŶŝŶŐ͕ĂƚƚĞŵƉƚŝŶŐƚŽŽďƚĂŝŶŽƌƉĞƌĨŽƌŵŝŶŐĂƉƵďůŝĐ;ĨĞĚĞƌĂů͕ ƐƚĂƚĞŽĨůŽĐĂůͿƚƌĂŶƐĂĐƚŝŽŶ͖ďͿǀŝŽůĂƚŝŶŐĂŶLJĨĞĚĞƌĂůŽƌƐƚĂƚĞĂŶƚŝƚƌƵƐƚƐƚĂƚƵƚĞƐ͖Žƌ ĐͿĐŽŵŵŝƚƚŝŶŐĞŵďĞnjnjůĞŵĞŶƚ͕ƚŚĞĨƚ͕ĨŽƌŐĞƌLJ͕ďƌŝďĞƌLJ͕ĨĂůƐŝĨŝĐĂƚŝŽŶŽƌĚĞƐƚƌƵĐƚŝŽŶ ŽĨƌĞĐŽƌĚƐ͕ŵĂŬŝŶŐĨĂůƐĞƐƚĂƚĞŵĞŶƚŽƌƌĞĐĞŝǀŝŶŐƐƚŽůĞŶƉƌŽƉĞƌƚLJ͖ĂŶĚ Ě͘ƌĞŶŽƚĂǁĂƌĞŽĨĂŶLJŝŶĨŽƌŵĂƚŝŽŶĂŶĚƉŽƐƐĞƐƐŶŽŬŶŽǁůĞĚŐĞƚŚĂƚĂŶLJ ƐƵďĐŽŶƚƌĂĐƚŽƌ;ƐͿƚŚĂƚǁŝůůƉĞƌĨŽƌŵǁŽƌŬƉƵƌƐƵĂŶƚƚŽƚŚŝƐŐƌĂŶƚͬĐŽŶƚƌĂĐƚĂƌĞŝŶ ǀŝŽůĂƚŝŽŶŽĨĂŶLJŽĨƚŚĞĐĞƌƚŝĨŝĐĂƚŝŽŶƐƐĞƚĨŽƌƚŚĂďŽǀĞ͘ ϭϳ͘Ϯ͘ƵĚŝƚZĞƋƵŝƌĞŵĞŶƚƐ [[478,1030,491,1087][12][B,I,][Arial]] ϭϳ͘Ϯ͘ϭ͘ &Žƌ'ƌĂŶƚĞĞƐƚŚĂƚĂƌĞƐƚĂƚĞŽƌůŽĐĂůŐŽǀĞƌŶŵĞŶƚƐ͕ŶŽŶͲƉƌŽĨŝƚŽƌŐĂŶŝnjĂƚŝŽŶƐ͕Žƌ [[667,1091,680,1148][12][B,I,][Arial]] ͗ /ŶĚŝĂŶdƌŝďĞƐ ŝ͘/Ĩ'ƌĂŶƚĞĞĞdžƉĞŶĚƐƚŽƚĂůĨĞĚĞƌĂůĂƐƐŝƐƚĂŶĐĞŽĨΨϳϱϬ͕ϬϬϬŽƌŵŽƌĞƉĞƌLJĞĂƌ͕ 'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽ͗ĂͿŽďƚĂŝŶĞŝƚŚĞƌĂƐŝŶŐůĞĂƵĚŝƚŽƌĂƉƌŽŐƌĂŵͲƐƉĞĐŝĨŝĐ ĂƵĚŝƚŵĂĚĞĨŽƌƚŚĞĨŝƐĐĂůLJĞĂƌŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞƚĞƌŵƐŽĨƚŚĞ^ŝŶŐůĞ ƵĚŝƚĐƚŽĨϭϵϴϰ͕ĂƐĂŵĞŶĚĞĚ;ϯϭh͘^͘͘ĐŚ͘ϳϱͿĂŶĚϮ&ZWĂƌƚϮϬϬ͖ĂŶĚ͕ ďͿƚŽĐŽŵƉůLJǁŝƚŚƚŚĞ^ŝŶŐůĞƵĚŝƚĐƚŽĨϭϵϴϰ͕ĂƐĂŵĞŶĚĞĚ;ϯϭh͘^͘͘ ĐŚ͘ϳϱͿĂŶĚϮ&ZWĂƌƚϮϬϬ͘ ƵĚŝƚƐƐŚĂůůďĞŵĂĚĞĂŶŶƵĂůůLJƵŶůĞƐƐ'ƌĂŶƚĞĞŝƐĂƐƚĂƚĞŽƌůŽĐĂů ŐŽǀĞƌŶŵĞŶƚƚŚĂƚŚĂƐ͕ďLJ:ĂŶƵĂƌLJϭ͕ϭϵϴϳ͕ĂĐŽŶƐƚŝƚƵƚŝŽŶĂůŽƌƐƚĂƚƵƚŽƌLJ ƌĞƋƵŝƌĞŵĞŶƚĨŽƌůĞƐƐĨƌĞƋƵĞŶƚĂƵĚŝƚƐ͘&ŽƌƚŚŽƐĞŐŽǀĞƌŶŵĞŶƚƐ͕ƚŚĞĨĞĚĞƌĂů ĐŽŐŶŝnjĂŶƚĂŐĞŶĐLJƐŚĂůůƉĞƌŵŝƚďŝĞŶŶŝĂůĂƵĚŝƚƐ͕ĐŽǀĞƌŝŶŐďŽƚŚLJĞĂƌƐ͕ŝĨƚŚĞ ŐŽǀĞƌŶŵĞŶƚƐŽƌĞƋƵĞƐƚƐ͘/ƚƐŚĂůůĂůƐŽŚŽŶŽƌƌĞƋƵĞƐƚƐĨŽƌďŝĞŶŶŝĂůĂƵĚŝƚƐ ďLJƐƚĂƚĞŽƌůŽĐĂůŐŽǀĞƌŶŵĞŶƚƐƚŚĂƚŚĂǀĞĂŶĂĚŵŝŶŝƐƚƌĂƚŝǀĞƉŽůŝĐLJĐĂůůŝŶŐ ĨŽƌĂƵĚŝƚƐůĞƐƐĨƌĞƋƵĞŶƚƚŚĂŶĂŶŶƵĂů͕ďƵƚŽŶůLJĂƵĚŝƚƐƉƌŝŽƌƚŽϭϵϴϳŽƌ ĂĚŵŝŶŝƐƚƌĂƚŝǀĞƉŽůŝĐŝĞƐŝŶƉůĂĐĞƉƌŝŽƌƚŽ:ĂŶƵĂƌLJϭ͕ϭϵϴϳ͘ ŝŝ͘&Žƌ'ƌĂŶƚĞĞƐƚŚĂƚĂƌĞŝŶƐƚŝƚƵƚŝŽŶƐŽĨŚŝŐŚĞƌĞĚƵĐĂƚŝŽŶŽƌŚŽƐƉŝƚĂůƐ͗ ŝŝŝ͘/Ĩ'ƌĂŶƚĞĞĞdžƉĞŶĚƐƚŽƚĂůĚŝƌĞĐƚĂŶĚŝŶĚŝƌĞĐƚĨĞĚĞƌĂůĂƐƐŝƐƚĂŶĐĞŽĨ ΨϳϱϬ͕ϬϬϬŽƌŵŽƌĞƉĞƌLJĞĂƌ͕'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽŽďƚĂŝŶĂĨŝŶĂŶĐŝĂůĂŶĚ ĐŽŵƉůŝĂŶĐĞĂƵĚŝƚŵĂĚĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚϮ&ZWĂƌƚϮϬϬ͘dŚĞĂƵĚŝƚƐŚĂůů ĐŽǀĞƌĞŝƚŚĞƌƚŚĞĞŶƚŝƌĞŽƌŐĂŶŝnjĂƚŝŽŶŽƌĂůůĨĞĚĞƌĂůĨƵŶĚƐŽĨƚŚĞ ŽƌŐĂŶŝnjĂƚŝŽŶ͘ ŝǀ͘dŚĞĂƵĚŝƚŵƵƐƚĚĞƚĞƌŵŝŶĞǁŚĞƚŚĞƌ'ƌĂŶƚĞĞƐƉĞŶƚĨĞĚĞƌĂůĂƐƐŝƐƚĂŶĐĞ ĨƵŶĚƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚĂƉƉůŝĐĂďůĞůĂǁƐĂŶĚƌĞŐƵůĂƚŝŽŶƐ͘ ϭϳ͘Ϯ͘Ϯ͘dŚĞĂƵĚŝƚƐŚĂůůďĞŵĂĚĞďLJĂŶŝŶĚĞƉĞŶĚĞŶƚĂƵĚŝƚŽƌ͘ŶŝŶĚĞƉĞŶĚĞŶƚĂƵĚŝƚŽƌŝƐĂ ƐƚĂƚĞŽƌůŽĐĂůŐŽǀĞƌŶŵĞŶƚĂƵĚŝƚŽƌŽƌĂƉƵďůŝĐĂĐĐŽƵŶƚĂŶƚǁŚŽŵĞĞƚƐƚŚĞ ŝŶĚĞƉĞŶĚĞŶĐĞƐƚĂŶĚĂƌĚƐƐƉĞĐŝĨŝĞĚŝŶƚŚĞ'ĞŶĞƌĂůĐĐŽƵŶƚŝŶŐKĨĨŝĐĞ͛Ɛ͞^ƚĂŶĚĂƌĚƐ ĨŽƌƵĚŝƚŽĨ'ŽǀĞƌŶŵĞŶƚĂůKƌŐĂŶŝnjĂƚŝŽŶƐ͕WƌŽŐƌĂŵƐ͕ĐƚŝǀŝƚŝĞƐ͕ĂŶĚ&ƵŶĐƚŝŽŶƐ͘͟ WĂŐĞϭϯŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ϭϳ͘Ϯ͘ϯ͘dŚĞĂƵĚŝƚƌĞƉŽƌƚƐŚĂůůƐƚĂƚĞƚŚĂƚƚŚĞĂƵĚŝƚǁĂƐƉĞƌĨŽƌŵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞ ƉƌŽǀŝƐŝŽŶƐŽĨϮ&ZWĂƌƚϮϬϬ͘ dŚĞƌĞƉŽƌƚŝŶŐƌĞƋƵŝƌĞŵĞŶƚƐĨŽƌĂƵĚŝƚƌĞƉŽƌƚƐƐŚĂůůďĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞ ŵĞƌŝĐĂŶ/ŶƐƚŝƚƵƚĞŽĨĞƌƚŝĨŝĞĚWƵďůŝĐĐĐŽƵŶƚĂŶƚƐ͛;/WͿĂƵĚŝƚŐƵŝĚĞ͕͞ƵĚŝƚƐ ŽĨ^ƚĂƚĞĂŶĚ>ŽĐĂů'ŽǀĞƌŶŵĞŶƚĂůhŶŝƚƐ͕͟ŝƐƐƵĞĚŝŶϭϵϴϲ͘dŚĞ&ĞĚĞƌĂů'ŽǀĞƌŶŵĞŶƚ ŚĂƐĂƉƉƌŽǀĞĚƚŚĞƵƐĞŽĨƚŚĞĂƵĚŝƚŐƵŝĚĞ͘ /ŶĂĚĚŝƚŝŽŶƚŽƚŚĞĂƵĚŝƚƌĞƉŽƌƚ͕'ƌĂŶƚĞĞƐŚĂůůƉƌŽǀŝĚĞĐŽŵŵĞŶƚƐŽŶƚŚĞĨŝŶĚŝŶŐƐ ĂŶĚƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐŝŶƚŚĞƌĞƉŽƌƚ͕ŝŶĐůƵĚŝŶŐĂƉůĂŶĨŽƌĐŽƌƌĞĐƚŝǀĞĂĐƚŝŽŶƚĂŬĞŶ ŽƌƉůĂŶŶĞĚĂŶĚĐŽŵŵĞŶƚƐŽŶƚŚĞƐƚĂƚƵƐŽĨĐŽƌƌĞĐƚŝǀĞĂĐƚŝŽŶƚĂŬĞŶŽŶƉƌŝŽƌ ĨŝŶĚŝŶŐƐ͘/ĨĐŽƌƌĞĐƚŝǀĞĂĐƚŝŽŶŝƐŶŽƚŶĞĐĞƐƐĂƌLJ͕ĂƐƚĂƚĞŵĞŶƚĚĞƐĐƌŝďŝŶŐƚŚĞƌĞĂƐŽŶ ŝƚŝƐŶŽƚƐŚŽƵůĚĂĐĐŽŵƉĂŶLJƚŚĞĂƵĚŝƚƌĞƉŽƌƚ͘ ϭϳ͘Ϯ͘ϰ͘'ƌĂŶƚĞĞĂŐƌĞĞƐƚŚĂƚƚŚĞŐƌĂŶƚŽƌ͕ƚŚĞ>ĞŐŝƐůĂƚŝǀĞƵĚŝƚŽƌ͕ƚŚĞ^ƚĂƚĞƵĚŝƚŽƌ͕ĂŶĚ ĂŶLJŝŶĚĞƉĞŶĚĞŶƚĂƵĚŝƚŽƌĚĞƐŝŐŶĂƚĞĚďLJƚŚĞŐƌĂŶƚŽƌƐŚĂůůŚĂǀĞƐƵĐŚĂĐĐĞƐƐƚŽ 'ƌĂŶƚĞĞ͛ƐƌĞĐŽƌĚƐĂŶĚĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐĂƐŵĂLJďĞŶĞĐĞƐƐĂƌLJĨŽƌƚŚĞŐƌĂŶƚŽƌ ƚŽĐŽŵƉůLJǁŝƚŚƚŚĞ^ŝŶŐůĞƵĚŝƚĐƚŵĞŶĚŵĞŶƚƐŽĨϭϵϴϰ͕ĂƐĂŵĞŶĚĞĚ;ϯϭh͘^͘ ŽĚĞŚĂƉƚĞƌϳϱͿĂŶĚϮ&ZWĂƌƚϮϬϬ͘ ϭϳ͘Ϯ͘ϱ͘/ĨƉĂLJŵĞŶƚƐƵŶĚĞƌƚŚŝƐŐƌĂŶƚĂŐƌĞĞŵĞŶƚǁŝůůďĞŵĂĚĞĨƌŽŵĨĞĚĞƌĂůĨƵŶĚƐ ŽďƚĂŝŶĞĚďLJD,ƚŚƌŽƵŐŚƚŚĞŵĞƌŝĐĂŶZĞĐŽǀĞƌLJĂŶĚZĞŝŶǀĞƐƚŵĞŶƚĐƚŽĨϮϬϬϵ ;WƵďůŝĐ>ĂǁϭϭϭͲϱͿ͕'ƌĂŶƚĞĞŝƐƌĞƐƉŽŶƐŝďůĞĨŽƌĐŽŵƉůŝĂŶĐĞǁŝƚŚĂůůĨĞĚĞƌĂů ƌĞƋƵŝƌĞŵĞŶƚƐŝŵƉŽƐĞĚŽŶƚŚĞƐĞĨƵŶĚƐ͘'ƌĂŶƚĞĞŵƵƐƚŝĚĞŶƚŝĨLJƚŚĞƐĞĨƵŶĚƐ ƐĞƉĂƌĂƚĞůLJŽŶƚŚĞƐĐŚĞĚƵůĞŽĨĞdžƉĞŶĚŝƚƵƌĞƐŽĨĨĞĚĞƌĂůĂǁĂƌĚƐ;^&Ϳ͕ĂŶĚŵƵƐƚ ĂůƐŽĂĐĐĞƉƚĨƵůůĨŝŶĂŶĐŝĂůƌĞƐƉŽŶƐŝďŝůŝƚLJŝĨŝƚĨĂŝůƐƚŽĐŽŵƉůLJǁŝƚŚĨĞĚĞƌĂů ƌĞƋƵŝƌĞŵĞŶƚƐ͘dŚĞƐĞƌĞƋƵŝƌĞŵĞŶƚƐŝŶĐůƵĚĞ͕ďƵƚĂƌĞŶŽƚůŝŵŝƚĞĚƚŽ͕dŝƚůĞ///͕ƉĂƌƚ ͕ŽĨƚŚĞŶĞƌŐLJWŽůŝĐLJĂŶĚŽŶƐĞƌǀĂƚŝŽŶĐƚ;ϰϮh͘^͘͘ΑϲϯϮϭ͕ĞƚƐĞƋ͘ĂŶĚ ĂŵĞŶĚŵĞŶƚƐƚŚĞƌĞƚŽͿ͖h͘^͘ĞƉĂƌƚŵĞŶƚŽĨŶĞƌŐLJ&ŝŶĂŶĐŝĂůƐƐŝƐƚĂŶĐĞZƵůĞƐ;ϭϬ &ZWĂƌƚϲϬϬͿ͖ĂŶĚdŝƚůĞϮŽĨƚŚĞŽĚĞŽĨ&ĞĚĞƌĂůZĞŐƵůĂƚŝŽŶƐ͘ ϭϳ͘Ϯ͘ϲ͘'ƌĂŶƚĞĞƐŽĨĨĞĚĞƌĂůĨŝŶĂŶĐŝĂůĂƐƐŝƐƚĂŶĐĞĨƌŽŵƐƵďƌĞĐŝƉŝĞŶƚƐĂƌĞĂůƐŽƌĞƋƵŝƌĞĚƚŽ ĐŽŵƉůLJǁŝƚŚƚŚĞ^ŝŶŐůĞƵĚŝƚĐƚŵĞŶĚŵĞŶƚƐŽĨϭϵϴϰ͕ĂƐĂŵĞŶĚĞĚ;ϯϭh͘^͘͘ Ś͘ϳϱͿĂŶĚϮ&ZϮϬϬ͘ ϭϳ͘Ϯ͘ϳ͘dŚĞ^ƚĂƚĞŵĞŶƚŽĨdžƉĞŶĚŝƚƵƌĞƐĨŽƌŵĐĂŶďĞƵƐĞĚĨŽƌƚŚĞƐĐŚĞĚƵůĞŽĨĨĞĚĞƌĂů ĂƐƐŝƐƚĂŶĐĞ͘ ϭϳ͘Ϯ͘ϴ͘'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽƌĞƚĂŝŶĚŽĐƵŵĞŶƚĂƚŝŽŶƚŽƐƵƉƉŽƌƚƚŚĞƐĐŚĞĚƵůĞŽĨĨĞĚĞƌĂů ĂƐƐŝƐƚĂŶĐĞĨŽƌĂƚůĞĂƐƚĨŽƵƌ;ϰͿLJĞĂƌƐ͘ ϭϳ͘Ϯ͘ϵ͘'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽĨŝůĞƌĞƋƵŝƌĞĚĂƵĚŝƚƌĞƉŽƌƚƐǁŝƚŚŝŶŶŝŶĞ;ϵͿŵŽŶƚŚƐŽĨ'ƌĂŶƚĞĞ͛Ɛ ĨŝƐĐĂůLJĞĂƌĞŶĚ͘ WĂŐĞϭϰŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ZĞĐŝƉŝĞŶƚƐŽĨŵŽƌĞƚŚĂŶΨϳϱϬ͕ϬϬϬŝŶĨĞĚĞƌĂůĨƵŶĚƐĂƌĞƌĞƋƵŝƌĞĚƵŶĚĞƌϮ&Z WĂƌƚϮϬϬƚŽƐƵďŵŝƚŽŶĞĐŽƉLJŽĨƚŚĞĂƵĚŝƚƌĞƉŽƌƚǁŝƚŚŝŶϯϬĚĂLJƐĂĨƚĞƌŝƐƐƵĂŶĐĞƚŽ ƚŚĞĐĞŶƚƌĂůĐůĞĂƌŝŶŐŚŽƵƐĞĂƚƚŚĞĨŽůůŽǁŝŶŐĂĚĚƌĞƐƐ͗ ƵƌĞĂƵŽĨƚŚĞĞŶƐƵƐ ĂƚĂWƌĞƉĂƌĂƚŝŽŶŝǀŝƐŝŽŶ ϭϮϬϭĂƐƚϭϬ^ƚƌĞĞƚ ƚŚ :ĞĨĨĞƌƐŽŶǀŝůůĞ͕/ŶĚŝĂŶĂϰϳϭϯϮ ƚƚŶ͗^ŝŶŐůĞƵĚŝƚůĞĂƌŝŶŐŚŽƵƐĞ ϭϳ͘ϯ͘ƌƵŐͲ&ƌĞĞtŽƌŬƉůĂĐĞ [[478,968,491,1025][12][B,I,][Arial]] 'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽĐŽŵƉůLJǁŝƚŚƚŚĞƌƵŐͲ&ƌĞĞtŽƌŬƉůĂĐĞĐƚŽĨϭϵϴϴ͕ǁŚŝĐŚŝƐ ŝŵƉůĞŵĞŶƚĞĚĂƚϯϰ&ZWĂƌƚϴϱ͕ƐƵďƉĂƌƚ&͘ ϭϳ͘ϰ͘>ŽďďLJŝŶŐ [[478,1202,491,1259][12][B,I,][Arial]] 'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽĐŽŵƉůLJǁŝƚŚƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨϯϭh^ΑϭϯϱϮ͘'ƌĂŶƚĞĞŵƵƐƚŶŽƚƵƐĞ ĂŶLJĨĞĚĞƌĂůĨƵŶĚƐĨƌŽŵD,ƚŽƉĂLJĂŶLJƉĞƌƐŽŶĨŽƌŝŶĨůƵĞŶĐŝŶŐŽƌĂƚƚĞŵƉƚŝŶŐƚŽ ŝŶĨůƵĞŶĐĞĂŶŽĨĨŝĐĞƌŽƌĞŵƉůŽLJĞĞŽĨĂĨĞĚĞƌĂůĂŐĞŶĐLJ͕ĂŵĞŵďĞƌŽĨŽŶŐƌĞƐƐ͕ĂŶŽĨĨŝĐĞƌ ŽƌĞŵƉůŽLJĞĞŽĨŽŶŐƌĞƐƐ͕ŽƌĂŶLJĞŵƉůŽLJĞĞŽĨĂŵĞŵďĞƌŽĨŽŶŐƌĞƐƐŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚ ƚŚĞĂǁĂƌĚŝŶŐŽĨĂŶLJĨĞĚĞƌĂůĐŽŶƚƌĂĐƚ͕ƚŚĞŵĂŬŝŶŐŽĨĂŶLJĨĞĚĞƌĂůŐƌĂŶƚ͕ƚŚĞŵĂŬŝŶŐŽĨĂŶLJ ĨĞĚĞƌĂůůŽĂŶ͕ƚŚĞĞŶƚĞƌŝŶŐŝŶƚŽŽĨĂŶLJĐŽŽƉĞƌĂƚŝǀĞĂŐƌĞĞŵĞŶƚŽƌƚŚĞĞdžƚĞŶƐŝŽŶ͕ ĐŽŶƚŝŶƵĂƚŝŽŶ͕ƌĞŶĞǁĂů͕ĂŵĞŶĚŵĞŶƚ͕ŽƌŵŽĚŝĨŝĐĂƚŝŽŶŽĨĂŶLJĨĞĚĞƌĂůĐŽŶƚƌĂĐƚ͕ŐƌĂŶƚ͕ůŽĂŶ͕ ŽƌĐŽŽƉĞƌĂƚŝǀĞĂŐƌĞĞŵĞŶƚ͘/Ĩ'ƌĂŶƚĞĞƵƐĞƐĂŶLJĨƵŶĚƐŽƚŚĞƌƚŚĂŶƚŚĞĨĞĚĞƌĂůĨƵŶĚƐĨƌŽŵ D,ƚŽĐŽŶĚƵĐƚĂŶLJŽĨƚŚĞĂĨŽƌĞŵĞŶƚŝŽŶĞĚĂĐƚŝǀŝƚŝĞƐ͕'ƌĂŶƚĞĞŵƵƐƚĐŽŵƉůĞƚĞĂŶĚ ƐƵďŵŝƚƚŽD,ƚŚĞĚŝƐĐůŽƐƵƌĞĨŽƌŵƐƉĞĐŝĨŝĞĚďLJD,͘&ƵƌƚŚĞƌ͕'ƌĂŶƚĞĞŵƵƐƚŝŶĐůƵĚĞ ƚŚĞůĂŶŐƵĂŐĞŽĨƚŚŝƐƉƌŽǀŝƐŝŽŶŝŶĂůůĐŽŶƚƌĂĐƚƐĂŶĚƐƵďĐŽŶƚƌĂĐƚƐĂŶĚĂůůĐŽŶƚƌĂĐƚŽƌƐĂŶĚ ƐƵďĐŽŶƚƌĂĐƚŽƌƐŵƵƐƚĐŽŵƉůLJĂĐĐŽƌĚŝŶŐůLJ͘ ϭϳ͘ϱ͘ƋƵĂůŵƉůŽLJŵĞŶƚKƉƉŽƌƚƵŶŝƚLJ [[478,2045,491,2102][12][B,I,][Arial]] 'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽĐŽŵƉůLJǁŝƚŚƚŚĞdžĞĐƵƚŝǀĞKƌĚĞƌϭϭϮϰϲ͞ƋƵĂůŵƉůŽLJŵĞŶƚ KƉƉŽƌƚƵŶŝƚLJ͟ĂƐĂŵĞŶĚĞĚďLJdžĞĐƵƚŝǀĞKƌĚĞƌϭϭϯϳϱĂŶĚƐƵƉƉůĞŵĞŶƚĞĚďLJƌĞŐƵůĂƚŝŽŶƐ Ăƚϰϭ&ZWĂƌƚϲϬ͘ ϭϳ͘ϲ͘ŽƐƚWƌŝŶĐŝƉůĞƐ [[478,2339,491,2396][12][B,I,][Arial]] 'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽĐŽŵƉůLJǁŝƚŚƚŚĞƉƌŽǀŝƐŝŽŶƐϮ&ZWĂƌƚϮϬϬƌĞŐĂƌĚŝŶŐĐŽƐƚƉƌŝŶĐŝƉůĞƐ ĨŽƌĂĚŵŝŶŝƐƚƌĂƚŝŽŶŽĨƚŚŝƐŐƌĂŶƚĂǁĂƌĚĨŽƌĞĚƵĐĂƚŝŽŶĂůŝŶƐƚŝƚƵƚŝŽŶƐ͕ƐƚĂƚĞĂŶĚůŽĐĂů ŐŽǀĞƌŶŵĞŶƚƐĂŶĚ/ŶĚŝĂŶƚƌŝďĂůŐŽǀĞƌŶŵĞŶƚƐŽƌŶŽŶͲƉƌŽĨŝƚŽƌŐĂŶŝnjĂƚŝŽŶƐ͘ ϭϳ͘ϳ͘ZŝŐŚƚƐƚŽ/ŶǀĞŶƚŝŽŶƐʹdžƉĞƌŝŵĞŶƚĂů͕ĞǀĞůŽƉŵĞŶƚĂůŽƌZĞƐĞĂƌĐŚtŽƌŬ [[478,2633,491,2690][12][B,I,][Arial]] 'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽĐŽŵƉůLJǁŝƚŚϯϳ&ZWĂƌƚϰϬϭ͕͞ZŝŐŚƚƐƚŽ/ŶǀĞŶƚŝŽŶƐDĂĚĞďLJ EŽŶƉƌŽĨŝƚKƌŐĂŶŝnjĂƚŝŽŶƐĂŶĚ^ŵĂůůƵƐŝŶĞƐƐ&ŝƌŵƐhŶĚĞƌ'ŽǀĞƌŶŵĞŶƚ'ƌĂŶƚƐ͕ŽŶƚƌĂĐƚƐ ĂŶĚŽŽƉĞƌĂƚŝǀĞŐƌĞĞŵĞŶƚƐ͟ĂŶĚĂŶLJŝŵƉůĞŵĞŶƚŝŶŐƌĞŐƵůĂƚŝŽŶƐŝƐƐƵĞĚďLJƚŚĞĂǁĂƌĚŝŶŐ ĂŐĞŶĐLJ͘ ϭϳ͘ϴ͘ůĞĂŶŝƌĐƚ [[478,2989,491,3046][12][B,I,][Arial]] WĂŐĞϭϱŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ 'ƌĂŶƚĞĞĂŐƌĞĞƐƚŽĐŽŵƉůLJǁŝƚŚĂůůĂƉƉůŝĐĂďůĞƐƚĂŶĚĂƌĚƐ͕ŽƌĚĞƌƐŽƌƌĞŐƵůĂƚŝŽŶƐŝƐƐƵĞĚ ƉƵƌƐƵĂŶƚƚŽƚŚĞůĞĂŶŝƌĐƚĂƐĂŵĞŶĚĞĚ;ϰϮh͘^͘͘ΑϳϰϬϭ͕ĞƚƐĞƋ͘ͿĂŶĚƚŚĞ&ĞĚĞƌĂů tĂƚĞƌWŽůůƵƚŝŽŶŽŶƚƌŽůĐƚĂƐĂŵĞŶĚĞĚ;ϯϯh͘^͘͘ΑϭϮϱϭ͕ĞƚƐĞƋ͘Ϳ͘sŝŽůĂƚŝŽŶƐƐŚĂůůďĞ ƌĞƉŽƌƚĞĚƚŽƚŚĞ&ĞĚĞƌĂůǁĂƌĚŝŶŐŐĞŶĐLJZĞŐŝŽŶĂůKĨĨŝĐĞŽĨƚŚĞŶǀŝƌŽŶŵĞŶƚĂů WƌŽƚĞĐƚŝŽŶŐĞŶĐLJ;WͿ͘ ^ŝŐŶĂƚƵƌĞƐŽŶĨŽůůŽǁŝŶŐƉĂŐĞ WĂŐĞϭϲŽĨϭϴ ^ƚĂŶĚĂƌĚ'ƌĂŶƚdĞŵƉůĂƚĞͲsĞƌƐŝŽŶϮ͘ϰʹ:ƵŶĞϮϬϮϬ 3DFNHW3J )E ^t/&dŽŶƚƌĂĐƚEƵŵďĞƌŝŶƐĞƌƚŐƌĂŶƚŶƵŵďĞƌ ĞƚǁĞĞŶƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚĂŶĚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ ϭ͘^ƚĂƚĞŶĐƵŵďƌĂŶĐĞsĞƌŝĨŝĐĂƚŝŽŶ [[264,512,277,569][12][B,I,][Arial]] /ŶĚŝǀŝĚƵĂůĐĞƌƚŝĨŝĞƐƚŚĂƚĨƵŶĚƐŚĂǀĞďĞĞŶĞŶĐƵŵďĞƌĞĚĂƐƌĞƋƵŝƌĞĚ 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