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ĲťôĲĲÍϙèÍæīôϠϙťĺϙæôϙèĺĲîŪèťôîϙĺĲϙaĺĲîÍƅϠϙbĺŽôıæôŘϙ͖͑Ϡϙ͑͏͑͒ϟϙēôϙîÍƅϙťēôϙťŘôĲèēĖĲČϙſÍŜϙťĺϙ ťē ťÍħôϙŕīÍèôϠϙťēôŘôϙſÍŜϙÍϙıĖŜèĺııŪĲĖèÍťĖĺĲϙÍıĺĲČŜťϙ>ϙſēĖèēϙŘôŜŪīťôîϙĖĲϙÍϙîôèĖŜĖĺĲϙċĺŪŘϙēĺŪŘŜϙ ͐ϙĺċϙϙ͓ϙ ϙ ÍċťôŘϙťēôϙĖĲťôĲîôîϙŜťÍŘťϙťĖıôϠϙťĺϙîôīÍƅϙŪĲťĖīϙťēôϙċĺīīĺſĖĲČϙîÍƅϟϙēôϙôīôèťŘĖèÍīϙŜŪæèĺĲťŘÍèťĺŘϙĖĲèŪŘŘôîϙ ŪĲŕŘĺîŪèťĖŽôϙīÍæĺŘϙťĖıôϙÍŜϙſôīīϙÍŜϙÍîîĖťĖĺĲÍīϙôŗŪĖŕıôĲťϙŘôĲťÍīϙèĺŜťŜϙŜĺīôīƅϙċĺŘϙťēĖŜϙŕĺŘťĖĺĲϙĺċϙťēôϙ ŕŘĺĤôèťϟϙ ĺŜťϙщ͒Ϡ͔͑͗ϟ͑͐ϙ ϙ ϙ Iťôıϙϭ͓ϡϙĺıŕŘôŜŜôîϙèēôîŪīôϙċĺŘϙēôīťôŘϙ®ĺŘħϙЭϙIĲôƯĖèĖôĲèĖôŜϙ ēôϙôīôèťŘĖèÍīϙŜŪæèĺĲťŘÍèťĺŘϙÍĲîϙĖťŜϙŜŪæèĺĲťŘÍèťĺŘŜϙĖĲèŪŘŘôîϙŜŪæŜťÍĲťĖÍīϙèĺŜťŜϙċĺŘϙŪĲŕŘĺîŪèťĖŽôϙ ťĖıôϙÍĲîϙŪĲîôŘŪťĖīĖƏôîϙôŗŪĖŕıôĲťϙæôèÍŪŜôϙĺċϙîôīÍƅŜϙŘôīÍťôîϙťĺϙĲôèôŜŜÍŘƅϙ>ϙĖĲŜŕôèťĖĺĲŜϠϙ èēÍĲČôŜϙÍĲîϙÍŕŕŘĺŽÍīŜϟϙēôϙĺŘĖČĖĲÍīϙŜèēôîŪīôϙŜēĺſôîϙÍϙťĖıôīĖĲôϙĺċϙVŪīƅϙ͑͘ϙċĺŘϙ[>ϙŜēôīťôŘϙ ťē ťŪŘĲĺŽôŘϙċĺŘϙôīôèťŘĖèÍīϙſĺŘħϟϙēĖŜϙîĖîϙĲĺťϙĺèèŪŘϙŪĲťĖīϙbĺŽôıæôŘϙ͐͒ϠϙèÍŪŜĖĲČϙŜèēôîŪīĖĲČϙîôīÍƅŜϙÍĲîϙ ťē ŪĲŕŘĺîŪèťĖŽôϙťĖıôϙŜŕôĲťϙĺĲϱŜĖťôϟϙ ēŘĺŪČēĺŪťϙťēôϙŕŘĺĤôèťϙϼaÍƅϙ͑͏͑͒ϙϳϙŕŘĖīϙ͑͏͓͑ϽϠϙ>ϙŘôŗŪĖŘôîϙŽĖŜŪÍīϙĖĲŜŕôèťĖĺĲŜϙĺċϙŪĲîôŘČŘĺŪĲîϙ ſĺŘħϙŕŘĖĺŘϙťĺϙæÍèħƱīīĖĲČϙĺŕôŘÍťĖĺĲŜϠϙÍϙŕŘĺèôŜŜϙťēÍťϙſÍŜϙĲĺťϙôƄŕôîĖťĖĺŪŜϠϙſēĖèēϙÍîîôîϙÍϙŜĖČĲĖƱèÍĲťϙ èĺŜťϙĖĲϙŪĲŕŘĺîŪèťĖŽôϙťĖıôϟϙîîĖťĖĺĲÍīīƅϠϙťēôϙôīôèťŘĖèÍīϙèĺĲťŘÍèťĺŘϙſÍŜϙŘôŗŪĖŘôîϙťĺϙſĺŘħϙÍŘĺŪĲîϙ>ϙ ŽÍèÍťĖĺĲϙŜèēôîŪīôŜϙÍĲîϙŘôîĖŘôèťϙŕŘĺîŪèťĖĺĲϙæÍŜôîϙĺĲϙ>ϙĖĲŜŕôèťĺŘϙÍŽÍĖīÍæĖīĖťƅϠϙſĖťēϙĲĺϙ ťôŘıĖĲÍťĖĺĲŜϠϙťôŜťĖĲČϙĺŘϙŪĲîôŘČŘĺŪĲîϙſĺŘħϙæôĖĲČϙèĺĲîŪèťôîϙſēĖīôϙ>ϙĖĲŜŕôèťĺŘŜϙſôŘôϙÍæŜôĲťϟϙ īŜĺϠϙèŘĖťĖèÍīϙŘôŗŪôŜťŜϙċĺŘϙĖĲċĺŘıÍťĖĺĲϙϼ>IŜϽϙťĺĺħϙıĺĲťēŜϙĖĲϙŜĺıôϙèÍŜôŜϙċĺŘϙÍϙŘôŜŕĺĲŜôϠϙſēĖèēϙ îĖŘôèťīƅϙĖıŕÍèťôîϙĺĲϱŜĖťôϙŕŘĺîŪèťĖĺĲϟϙ ēŘĺŪČēĺŪťϙťēôϙŕŘĺĤôèťϠϙîôīÍƅŜϙîŪôϙťĺϙŘôŗŪĖŘôîϙ>ϙĖĲŜŕôèťĖĺĲϙèÍŪŜôîϙŜĖČĲĖƱèÍĲťϙĖĲôƯĖèĖôĲèĖôŜϙċĺŘϙ ťēôϙċĺīīĺſĖĲČϙĖťôıŜϙĺċϙſĺŘħϡϙôīôèťŘĖèÍīϙıÍĲēĺīôϙĖĲŜťÍīīÍťĖĺĲϠϙƲĺĺŘϙƱĲĖŜēôŜϠϙĖĲťôŘĖĺŘϙŽÍŪīťϙŕÍĖĲťϙèĺīĺŘϠϙ ôĲČĖĲôϯČôĲôŘÍťĺŘϙŘĺĺıϙƱŘôϙŘÍťĖĲČϠϙèÍæīôϙťôŜťĖĲČϠϙťŘôĲèēϙĖĲŜŕôèťĖĺĲϠϙŕĖŕôϙıÍĲîŘôīϙťôŜťĖĲČϠϙıôČČôŘϙ ťôŜťĖĲČϠϙČŘĺŪĲîϙťôŜťĖĲČϠϙŽĖŜŪÍīϙĖĲŜŕôèťĖĺĲϙĺċϙôƄĺťēôŘıĖèϙèĺŕŕôŘϙſôīîŜϠϙèĺĲèŘôťôϙċĺŪĲîÍťĖĺĲϙ ĖĲŜŕôèťĖĺĲŜϠϙèÍæīôϙťôŘıĖĲÍťĖĺĲϙŽĖŜŪÍīϙĖĲŜŕôèťĖĺĲŜϠϙÍĲîϙıĖŜŜĖĲČϯŪŕîÍťôîϙ>ϙŕīÍĲϙîôťÍĖīŜϟϙ ēŘĺŪČēĺŪťϙťēôϙîŪŘÍťĖĺĲϙĺċϙťēôϙŕŘĺĤôèťϠϙťēôϙôīôèťŘĖèÍīϙèĺĲťŘÍèťĺŘϙēÍŜϙÍϙťĺťÍīϙĺċϙ͐Ϡ͓͑͐ϙēĺŪŘŜϙĺċϙīĺŜťϙ ťĖıôϙÍĲîϙŪĲŕŘĺîŪèťĖŽôϙôŗŪĖŕıôĲťϙēĺŪŘŜϟϙ ĺŜťϙщ͓͐͗Ϡ͑͘͏ϟ͏͏ϙ ϙ Iťôıϙϭ͔ϡϙèēôîŪīĖĲČϙ"ôīÍƅŜϙċĺŘϙ®ĺŘħϙIĲŜĖîôϙťēôϙϙ Iťôıϙϭ͕ϡϙ(ĲČĖĲôϯ@ôĲôŘÍťĺŘϙ"ôīÍƅϙ ēôϙôĲČĖĲôϯČôĲôŘÍťĺŘϙſÍŜϙĺŘĖČĖĲÍīīƅϙŜèēôîŪīôîϙťĺϙæôϙŜŪŕŕīĖôîϙæƅϙťēôϙ>ϙÍĲîϙŜēĖŕŕôîϙťĺϙťēôϙĤĺæŜĖťôϙ ĖĲϙVŪĲôϙ͑͏͑͒ϟϙċťôŘϙîôċÍŪīťϙĺċϙťēôϙèĺııĖťıôĲťϙťĺϙŜŪŕŕīƅϙťēôϙôĲČĖĲôϯČôĲôŘÍťĺŘϙſĖťēĖĲϙťēôϙĺŘĖČĖĲÍīϙ ťĖıôċŘÍıôϠϙĖťϙſÍŜϙŪīťĖıÍťôīƅϙîôīĖŽôŘôîϙťĺϙťēôϙŜĖťôϙæƅϙ>ϙĺĲϙièťĺæôŘϙ͔Ϡϙ͑͏͑͒ϟϙēôϙôīôèťŘĖèÍīϙ ťē èĺĲťŘÍèťĺŘϙſÍŜϙťēôĲϙťÍŜħôîϙſĖťēϙîôϱèŘÍťĖĲČϙťēôϙôŗŪĖŕıôĲťϙÍĲîϙŽôŘĖċƅĖĲČϙÍīīϙĖťôıŜϙſôŘôϙŕŘôŜôĲťϙÍĲîϙ ŪĲîÍıÍČôîϟϙîîĖťĖĺĲÍīīƅϠϙťēôϙīÍƅĺŪťϙĺċϙťēôϙĲôſϙôĲČĖĲôϯČôĲôŘÍťĺŘϙîĖîϙĲĺťϙıÍťèēϙťēôϙ>ϙŕīÍĲŜϙÍĲîϙ ÍîîĖťĖĺĲÍīϙèĺĺŘîĖĲÍťĖĺĲϙÍĲîϙŘôŜŪīťĖĲČϙıĺîĖƱèÍťĖĺĲŜϙſôŘôϙĲôèôŜŜÍŘƅϙťĺϙÍèèĺııĺîÍťôϙťēôϙ ôŗŪĖŕıôĲťϟϙēôϙôīôèťŘĖèÍīϙèĺĲťŘÍèťĺŘϙŜŕôĲťϙÍϙťĺťÍīϙĺċϙ͗͏ϙÍîîĖťĖĺĲÍīϙēĺŪŘŜϙŘôīÍťôîϙťĺϙťēĖŜϙſĺŘħϙĖťôıϟϙ ĺŜťϙщ͘Ϡ͕͏͏ϟ͏͏ϙ ϙ ϙ Iťôıϙϭ͖ϡϙ>īÍŜēôŘϙôŕÍĖŘϙ ϙƲÍŜēôŘϙŪĲĖťϙťēÍťϙſÍŜϙĺŘĖČĖĲÍīīƅϙŜŪŕŕīĖôîϙæƅϙab"iϙÍĲîϙħôŕťϙĖĲϙŜťĺŘÍČôϙēÍîϙŜŪŜťÍĖĲôîϙîÍıÍČôϙ èĺĲŜĖŜťĖĲČϙĺċϙÍϙèŘÍèħôîϙīôĲŜϙÍĲîϙîÍıÍČôîϙċŘÍıôϟϙIťϙſÍŜϙŘôŕÍĖŘôîϙæƅϙťēôϙôīôèťŘĖèÍīϙèĺĲťŘÍèťĺŘϙÍĲîϙ ŕīÍèôîϙĖĲťĺϙŜôŘŽĖèôϟϙ ĺŜťϙщ͐Ϡ͐͗͏ϟ͏͏ϙ ϙ Iťôıϙϭ͗ϡϙŕÍŘôϙ[ÍıŕϙŪŕŕīƅϙċĺŘϙ>īĖČēťϙēôèħϙÍĲîϙϙĺĲťŘĺīϙÍĲôīϙ bĺϙŜŕÍŘôϙīÍıŕŜϙſôŘôϙŕŘĺŽĖîôîϙſĖťēϙťēôϙĺŘĖČĖĲÍīϙôŗŪĖŕıôĲťϙŜŪŕŕīĖôîϙæƅϙaĲ"iϟϙēôϙôīôèťŘĖèÍīϙ èĺĲťŘÍèťĺŘϙſÍŜϙÍŜħôîϙťĺϙŜŪŕŕīƅϙŜŕÍŘôϙīÍıŕŜϙæôċĺŘôϙŜƅŜťôıϙŜťÍŘťŪŕϙťĺϙôĲŜŪŘôϙÍīīϙīÍıŕŜϙſôŘôϙ ĺŕôŘÍťĖĺĲÍīϙîŪŘĖĲČϙťēôϙ>ϙƲĖČēťϙèēôèħϙÍèèôŕťÍĲèôϟϙϙťĺťÍīϙĺċϙ͐͏ϙƲÍŜēôŘϙīÍıŕŜϠϙ͓͏ϙÍŘϙ͔͕Ϡϙ͒͏͏ϱ®Íťťϙ æŪīæŜϠϙ͓͏ϙÍŘϙ͔͕Ϡϙ͔͏͏ϱ®ÍťťϙæŪīæŜϠϙ͑ϙŘôťÍĖĲôŘϙŘĖĲČŜϠϙÍĲîϙ͐ϙħôƅīĺèħϙīÍıŕϙŜſĖťèēϙſôŘôϙŕŘĺŽĖîôîϟϙ îîĖťĖĺĲÍīīƅϠϙťēôϙŘôıĺťôϱèĺĲťŘĺīϙŕÍĲôīϙÍŜŜôıæīƅϙĖĲϙťēôϙϙĖŜϙċÍŪīťƅϙÍĲîϙĲôôîŜϙťĺϙæôϙŘôŕīÍèôîϙÍŜϙÍϙ ſÍŘŘÍĲťƅϙĖťôıϟϙĖĲèôϙťēĖŜϙŕÍĲôīϙſÍŜϙĺŘĖČĖĲÍīīƅϙŕŪŘèēÍŜôîϙæƅϙaĲ"iϙĖĲϙ͑͏͕͐ϙÍĲîϙŜťĺŘôîϙæƅϙťēôϙ ĖŘŕĺŘťϠϙĖťϙĖŜϙĲĺϙīĺĲČôŘϙŪĲîôŘϙıÍĲŪċÍèťŪŘôŘϙſÍŘŘÍĲťƅϟϙēôϙèĺŜťϙĖĲèīŪîôŜϙŕŘĺèŪŘôıôĲťϙĺċϙťēôϙŕÍĲôīϙæƅϙ ťēôϙôīôèťŘĖèÍīϙèĺĲťŘÍèťĺŘϙÍĲîϙĖĲŜťÍīīÍťĖĺĲϙæƅϙ>ϟϙ 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ĐĂůĐƵůĂƚĞĚĨƌŽŵƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂĞŵŽŐƌĂƉŚŝĐĞŶƚĞƌ͖^Z/;ĂŶĂƚŝŽŶĂůĚĞŵŽŐƌĂƉŚŝĐƐ ƐĞƌǀŝĐĞƉƌŽǀŝĚĞƌͿ͖ǁŝƚŚĂĚũƵƐƚŵĞŶƚƐĐĂůĐƵůĂƚĞĚďǇDĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐ͕>>͘ƌĞͲ ǀŝĞǁŽĨƚŚĞƐĞĐŚĂƌĂĐƚĞƌŝƐƚŝĐƐƉƌŽǀŝĚĞƐŝŶƐŝŐŚƚŝŶƚŽƚŚĞĚĞŵĂŶĚĨŽƌǀĂƌŝŽƵƐƌĞĂůĞƐƚĂƚĞƉƌŽĚƵĐƚƐ ŝŶƚŚĞWƌŝŵĂƌǇDĂƌŬĞƚƌĞĂ͘dŚĞĨŽůůŽǁŝŶŐĂƌĞŬĞǇƉŽŝŶƚƐƌĞŐĂƌĚŝŶŐƉŽƉƵůĂƚŝŽŶĂŶĚŚŽƵƐĞŚŽůĚ ƚƌĞŶĚƐ͘ ƐŽĨϮϬϮϬ͕KůŵƐƚĞĚŽƵŶƚǇĐŽŶƚĂŝŶĞĚϭϲϮ͕ϴϰϳƉĞŽƉůĞĂŶĚϲϱ͕ϮϰϮŚŽƵƐĞŚŽůĚƐ͘ĞƚǁĞĞŶ x ϮϬϭϬĂŶĚϮϬϮϬ͕ƚŚĞƉŽƉƵůĂƚŝŽŶŝŶĐƌĞĂƐĞĚďǇϭϴ͕ϱϵϵƉĞŽƉůĞ;ϭϯйŐƌŽǁƚŚͿǁŚŝůĞƚŚĞŶƵŵďĞƌ ŽĨŚŽƵƐĞŚŽůĚƐĞǆƉĂŶĚĞĚϭϰй;ϴ͕ϭϲϮŚŽƵƐĞŚŽůĚƐͿ͘ dŚĞŝƚǇŽĨZŽĐŚĞƐƚĞƌĞǆƉĞƌŝĞŶĐĞĚϭϰйƉŽƉƵůĂƚŝŽŶŐƌŽǁƚŚ͕ĂĚĚŝŶŐϭϰ͕ϲϮϲƉĞŽƉůĞ͕ĂŶĚ ϭϲйŚŽƵƐĞŚŽůĚŐƌŽǁƚŚ;ϲ͕ϴϳϵŚŽƵƐĞŚŽůĚƐͿďĞƚǁĞĞŶϮϬϭϬĂŶĚϮϬϮϬ͘ dŚĞZĞŵĂŝŶĚĞƌŽĨKůŵƐƚĞĚŽƵŶƚǇĞǆƉĞƌŝĞŶĐĞĚϭϭйƉŽƉƵůĂƚŝŽŶŐƌŽǁƚŚ;ϯ͕ϵϳϯƉĞŽƉůĞͿ ĂŐĂŝŶƐƚĂϵйŝŶĐƌĞĂƐĞŝŶŚŽƵƐĞŚŽůĚƐ;ϭ͕ϮϴϯŚŽƵƐĞŚŽůĚƐͿ͘ WDWŽƉƵůĂƚŝŽŶdƌĞŶĚƐ ϮϬϬϬƚŽϮϬϯϬ ϮϬϬ͕ϬϬϬ ϭϴϬ͕ϬϬϬ ϭϳϳ͕ϱϬϬ ϭϲϬ͕ϬϬϬ ϭϳϲ͕Ϭϯϱ ϭϳϬ͕ϭϳϰ ϭϲϮ͕ϴϰϳ ϭϰϬ͕ϬϬϬ ϭϰϰ͕Ϯϰϴ ϭϮϬ͕ϬϬϬ WŽƉƵůĂƚŝŽŶ ϭϯϮ͕ϭϲϴ ϭϮϵ͕ϮϮϯ ϭϮϱ͕ϵϳϳ ϭϮϭ͕ϯϵϱ ϭϬϬ͕ϬϬϬ ϭϬϲ͕ϳϲϵ ϴϬ͕ϬϬϬ ϲϬ͕ϬϬϬ ϰϬ͕ϬϬϬ ϮϬ͕ϬϬϬ Ϭ ϮϬϭϬϮϬϮϬϮϬϮϰϮϬϮϵϮϬϯϬ zĞĂƌ WƌŝŵĂƌǇDĂƌŬĞƚƌĞĂŝƚǇŽĨZŽĐŚĞƐƚĞƌ WŽƉƵůĂƚŝŽŶĂŶĚŚŽƵƐĞŚŽůĚŐƌŽǁƚŚŝƐƉƌŽũĞĐƚĞĚĨŽƌƚŚĞDĂƌŬĞƚƌĞĂĂŶĚZŽĐŚĞƐƚĞƌ͕ďƵƚĂƚĂ x ƐůŝŐŚƚůǇƐůŽǁĞƌƉĂĐĞ͘dŚĞŽƵŶƚǇ͛ƐƉŽƉƵůĂƚŝŽŶŝƐĨŽƌĞĐĂƐƚƚŽŝŶĐƌĞĂƐĞϵй͕ĂĚĚŝŶŐϭϰ͕ϲϱϯƉĞŽͲ ƉůĞďĞƚǁĞĞŶϮϬϮϬĂŶĚϮϬϯϬ͕ǁŚŝůĞƚŚĞŚŽƵƐĞŚŽůĚďĂƐĞŝŶĐƌĞĂƐĞƐϭϬй͕;ϲ͕ϳϬϴŚŽƵƐĞŚŽůĚƐͿ͘ dŚĞŝƚǇŽĨZŽĐŚĞƐƚĞƌŝƐƉƌŽũĞĐƚĞĚƚŽŐƌŽǁϵйŝŶƉŽƉƵůĂƚŝŽŶ;ϭϬ͕ϳϳϯƉĞŽƉůĞͿ͕ĂŶĚϭϬйŝŶ ŚŽƵƐĞŚŽůĚŐƌŽǁƚŚ;ϰ͕ϵϯϴŚŽƵƐĞŚŽůĚƐͿďĞƚǁĞĞŶϮϬϮϬĂŶĚϮϬϯϬ͘ Dy&/>Z^Z,EKE^h>d/E' Dƌ͘DĂƌƐŚĂůů͘:ĂĐŬƐŽŶ:ƵŶĞϮϱ͕ϮϬϮϰ D:ĞǀĞůŽƉŵĞŶƚŽƌƉ͘WĂŐĞϰ dŚĞZĞŵĂŝŶĚĞƌŽĨKůŵƐƚĞĚŽƵŶƚǇŝƐƉƌŽũĞĐƚĞĚƚŽŐƌŽǁϵйŝŶƉŽƉƵůĂƚŝŽŶ;ϯ͕ϴϴϬƉŽƉƵůĂͲ ƚŝŽŶͿĂŶĚϭϭ͘ϱйŝŶŚŽƵƐĞŚŽůĚƐ;ϭ͕ϳϳϬŚŽƵƐĞŚŽůĚƐͿ͘ d>Ͳϭ WKWh>d/KEE,Kh^,K>'ZKtd,dZE^EWZK:d/KE^ WZ/DZzDZ<dZ ϮϬϬϬͲϮϬϯϬ ŚĂŶŐĞ h^ĞŶƐƵƐ ƐƚŝŵĂƚĞ&ŽƌĞĐĂƐƚϮϬϬϬͲϮϬϭϬϮϬϭϬͲϮϬϮϬϮϬϮϬͲϮϬϯϬ ϮϬϬϬϮϬϭϬϮϬϮϬϮϬϮϰϮϬϮϵϮϬϯϬEŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ WŽƉƵůĂƚŝŽŶ WƌŝŵĂƌǇDĂƌŬĞƚƌĞĂϭϮϰ͕Ϯϳϳϭϰϰ͕ϮϰϴϭϲϮ͕ϴϰϳϭϳϬ͕ϭϳϰϭϳϲ͕Ϭϯϱϭϳϳ͕ϱϬϬϭϵ͕ϵϳϭϭϲ͘ϭйϭϴ͕ϱϵϵϭϮ͘ϵйϭϰ͕ϲϱϯϵ͘Ϭй ŝƚǇŽĨZŽĐŚĞƐƚĞƌϴϱ͕ϴϬϲϭϬϲ͕ϳϲϵϭϮϭ͕ϯϵϱϭϮϱ͕ϵϳϳϭϮϵ͕ϮϮϯϭϯϮ͕ϭϲϴϮϬ͕ϵϲϯϮϰ͘ϰйϭϰ͕ϲϮϲϭϯ͘ϳйϭϬ͕ϳϳϯϴ͘ϵй ZĞŵĂŝŶĚĞƌŽĨWDϯϴ͕ϰϳϭϯϳ͕ϰϳϵϰϭ͕ϰϱϮϰϰ͕ϭϵϲϰϲ͕ϴϭϮϰϱ͕ϯϯϮͲϵϵϮͲϮ͘ϲйϯ͕ϵϳϯϭϬ͘ϲйϯ͕ϴϴϬϵ͘ϰй DŝŶŶĞƐŽƚĂϰ͕ϵϭϵ͕ϰϳϵϱ͕ϯϬϯ͕ϵϮϱϱ͕ϳϬϲ͕ϰϵϰϱ͕ϴϭϴ͕ϳϭϮϱ͕ϵϭϵ͕ϭϲϳϱ͕ϵϳϬ͕ϴϮϰϯϴϰ͕ϰϰϲϳ͘ϴйϰϬϮ͕ϱϲϵϳ͘ϲйϮϲϰ͕ϯϯϬϰ͘ϲй ,ŽƵƐĞŚŽůĚƐ WƌŝŵĂƌǇDĂƌŬĞƚƌĞĂϰϳ͕ϴϬϳϱϳ͕ϬϴϬϲϱ͕ϮϰϮϲϴ͕ϱϵϲϳϭ͕Ϯϳϵϳϭ͕ϵϱϬϵ͕Ϯϳϯϭϵ͘ϰйϴ͕ϭϲϮϭϰ͘ϯйϲ͕ϳϬϴϭϬ͘ϯй ŝƚǇŽĨZŽĐŚĞƐƚĞƌϯϰ͕ϭϭϲϰϯ͕ϬϮϱϰϵ͕ϵϬϰϱϮ͕ϯϲϰϱϰ͕ϯϴϴϱϰ͕ϴϰϮϴ͕ϵϬϵϮϲ͘ϭйϲ͕ϴϳϵϭϲ͘Ϭйϰ͕ϵϯϴϵ͘ϵй ZĞŵĂŝŶĚĞƌŽĨWDϭϯ͕ϲϵϭϭϰ͕Ϭϱϱϭϱ͕ϯϯϴϭϲ͕ϮϯϮϭϲ͕ϴϵϭϭϳ͕ϭϬϴϯϲϰϮ͘ϳйϭ͕Ϯϴϯϵ͘ϭйϭ͕ϳϳϬϭϭ͘ϱй DŝŶŶĞƐŽƚĂϭ͕ϴϵϱ͕ϭϮϳϮ͕Ϭϴϳ͕ϮϮϳϮ͕Ϯϱϯ͕ϵϵϬϮ͕ϯϬϳ͕ϱϮϴϮ͕ϯϱϴ͕ϵϴϵϮ͕ϯϳϬ͕ϮϳϯϭϵϮ͕ϭϬϬϭϬ͘ϭйϭϲϲ͕ϳϲϯϴ͘Ϭйϭϭϲ͕Ϯϴϯϱ͘Ϯй ^ŽƵƌĐĞƐ͗h^ĞŶƐƵƐƵƌĞĂƵ͖^Z/͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ͕>> ŐĞŝƐƚƌŝďƵƚŝŽŶ dĂďůĞͲϮŽŶƚŚĞĨŽůůŽǁŝŶŐƉĂŐĞƉƌĞƐĞŶƚƐƚŚĞĂŐĞĚŝƐƚƌŝďƵƚŝŽŶŽĨƚŚĞDĂƌŬĞƚƌĞĂƉŽƉƵůĂƚŝŽŶ ĨƌŽŵϮϬϬϬƚŽϮϬϮϵ͘/ŶĨŽƌŵĂƚŝŽŶĨƌŽŵϮϬϬϬĂŶĚϮϬϭϬŝƐƐŽƵƌĐĞĚĨƌŽŵƚŚĞh͘^͘ĞŶƐƵƐ͘dŚĞ ϮϬϮϰĞƐƚŝŵĂƚĞƐĂŶĚƉƌŽũĞĐƚŝŽŶƐĨŽƌϮϬϮϵǁĞƌĞĐĂůĐƵůĂƚĞĚďǇDĂǆĨŝĞůĚZĞƐĞĂƌĐŚďĂƐĞĚŽŶŝŶĨŽƌͲ ŵĂƚŝŽŶĨƌŽŵ^Z/͕ĂƌĞƉƵƚĂďůĞŶĂƚŝŽŶĂůĚĞŵŽŐƌĂƉŚŝĐƐĨŝƌŵ͘dŚĞĨŽůůŽǁŝŶŐĂƌĞŬĞǇƉŽŝŶƚƐĨƌŽŵ ƚŚĞƚĂďůĞ͘ /ŶϮϬϮϰ͕ƚŚĞůĂƌŐĞƐƚĂĚƵůƚĐŽŚŽƌƚďǇĂŐĞŝŶZŽĐŚĞƐƚĞƌŝƐĞƐƚŝŵĂƚĞĚƚŽďĞϯϱƚŽϰϰƚŽƚĂůŝŶŐ x ϭϵ͕ϮϭϰƉĞŽƉůĞ;ϭϱйŽĨƚŚĞƚŽƚĂůƉŽƉƵůĂƚŝŽŶͿ͕ĨŽůůŽǁĞĚĐůŽƐĞůǇďǇƚŚĞϮϱƚŽϯϰĂŐĞŐƌŽƵƉǁŝƚŚ ϭϳ͕ϬϬϰƉĞŽƉůĞ;ϭϯ͘ϱйͿ͘ dŚĞϯϱƚŽϰϰĐŽŚŽƌƚŝƐĂůƐŽƚŚĞůĂƌŐĞƐƚĂŐĞŐƌŽƵƉŝŶKůŵƐƚĞĚŽƵŶƚǇǁŝƚŚϮϰ͕ϴϵϯƉĞŽƉůĞ x ;ϭϱйͿ͕ĨŽůůŽǁĞĚĂƐǁĞůůďǇƚŚĞϮϱƚŽϯϰĂŐĞŐƌŽƵƉǁŝƚŚϮϮ͕ϬϳϲƉĞŽƉůĞ;ϭϯйͿ͘ /ŶƚŚĞWD͕ƚŚĞƉƌŝŵĂƌǇǁŽƌŬĨŽƌĐĞƉŽƉƵůĂƚŝŽŶŝŶZŽĐŚĞƐƚĞƌ;ĂŐĞϭϴƚŽϲϰͿŝŶĐƌĞĂƐĞĚϭϭй͕ x ĂĚĚŝŶŐϳ͕ϲϱϳƉĞŽƉůĞĨƌŽŵϮϬϭϬƚŽϮϬϮϬ͘KǀĞƌƚŚĞŶĞǆƚĨŝǀĞǇĞĂƌƐ͕ƚŚĞǁŽƌŬĨŽƌĐĞƉŽƉƵůĂƚŝŽŶ ŝƐƉƌŽũĞĐƚĞĚƚŽĐŽŶƚƌĂĐƚďǇůĞƐƐƚŚĂŶϭй;ͲϯϬϲƉĞŽƉůĞͿ͘ dŚĞŵŽƐƚƌĂƉŝĚŐƌŽǁƚŚŝƐĞǆƉĞĐƚĞĚƚŽŽĐĐƵƌĂŵŽŶŐƐĞŶŝŽƌƐƚŚƌŽƵŐŚŽƵƚƚŚĞWD͘ŐŝŶŐŽĨ x ďĂďǇďŽŽŵĞƌƐůĞĚƚŽϯϯйŝŶĐƌĞĂƐĞ;ϰ͕ϳϮϱƉĞŽƉůĞͿŝŶƚŚĞϲϱƚŽϳϰĂŐĞŐƌŽƵƉďĞƚǁĞĞŶϮϬϭϬ ĂŶĚϮϬϮϬŝŶKůŵƐƚĞĚŽƵŶƚǇ͘ƐƚŚŝƐŐƌŽƵƉĂŐĞƐ͕ƚŚĞϲϱĂŶĚŽůĚĞƌƉŽƉƵůĂƚŝŽŶŝƐƉƌŽũĞĐƚĞĚ ƚŽŐƌŽǁϭϳйďǇϮϬϮϵ͕ĂĚĚŝŶŐϰ͕ϳϲϯƉĞŽƉůĞ͘dŚĞϲϱĂŶĚŽůĚĞƌĂŐĞŐƌŽƵƉŝƐƉƌŽũĞĐƚĞĚƚŽŝŶͲ ĐƌĞĂƐĞϭϰйŝŶZŽĐŚĞƐƚĞƌ;Ϯ͕ϵϭϯƉĞŽƉůĞͿďǇϮϬϮϵ͘ Dy&/>Z^Z,EKE^h>d/E' Dƌ͘DĂƌƐŚĂůů͘:ĂĐŬƐŽŶ:ƵŶĞϮϱ͕ϮϬϮϰ D:ĞǀĞůŽƉŵĞŶƚŽƌƉ͘WĂŐĞϱ d>ͲϮ WKWh>d/KE'/^dZ/hd/KE WZ/DZzDZ<dZ ϮϬϭϬͲϮϬϮϵ h͘^͘ĞŶƐƵƐ^Z/ŚĂŶŐĞϮϬϭϬͲϮϬϮϬŚĂŶŐĞϮϬϮϰͲϮϬϮϵ ϮϬϭϬϮϬϮϬϮϬϮϰϮϬϮϵEŽ͘WĐƚ͘EŽ͘WĐƚ͘ ZŽĐŚĞƐƚĞƌ hŶĚĞƌϭϴϮϮ͕ϯϴϰϮϳ͕ϴϱϰϯϬ͕ϮϯϲϯϬ͕ϴϳϲϱ͕ϰϳϬϭϵ͘ϲйϲϯϵϮ͘ϭй ϭϴƚŽϮϰϴ͕ϴϰϱϭϬ͕ϲϮϱϵ͕ϱϯϵϭϬ͕ϭϳϱϭ͕ϳϴϬϭϲ͘ϴйϲϯϱϲ͘ϳй ϮϱƚŽϯϰϭϴ͕ϬϴϬϮϬ͕ϭϵϱϭϳ͕ϬϬϰϭϲ͕ϯϮϳϮ͕ϭϭϱϭϬ͘ϱйͲϲϳϳͲϰ͘Ϭй ϯϱƚŽϰϰϭϯ͕ϰϮϱϭϲ͕ϮϳϬϭϵ͕Ϯϭϰϭϵ͕ϰϴϵϮ͕ϴϰϱϭϳ͘ϱйϮϳϰϭ͘ϰй ϰϱƚŽϱϰϭϱ͕ϭϬϳϭϮ͕ϳϵϵϭϯ͕ϴϳϭϭϱ͕ϮϰϮͲϮ͕ϯϬϴͲϭϴ͘Ϭйϭ͕ϯϳϭϵ͘ϵй ϱϱƚŽϲϰϭϭ͕Ϯϯϱϭϰ͕ϰϲϬϭϱ͕ϬϮϬϭϯ͕ϭϭϭϯ͕ϮϮϱϮϮ͘ϯйͲϭ͕ϵϭϬͲϭϮ͘ϳй ϲϱƚŽϳϰϲ͕ϳϳϯϭϬ͕ϯϲϬϭϭ͕ϲϱϬϭϮ͕ϳϳϰϯ͕ϱϴϳϯϰ͘ϲйϭ͕ϭϮϰϵ͘ϲй ϳϱƉůƵƐϲ͕ϴϯϰϴ͕ϴϯϮϵ͕ϰϰϭϭϭ͕ϮϯϬϭ͕ϵϵϴϮϮ͘ϲйϭ͕ϳϴϵϭϵ͘Ϭй dŽƚĂůϭϬϮ͕ϲϴϯϭϮϭ͕ϯϵϱϭϮϱ͕ϵϳϳϭϮϵ͕ϮϮϯϭϴ͕ϳϭϮϭϱ͘ϰйϯ͕ϮϰϲϮ͘ϲй ZĞŵĂŝŶĚĞƌŽĨWD hŶĚĞƌϭϴϴ͕ϴϮϳϭϬ͕ϳϲϴϭϬ͕ϰϴϱϭϬ͕ϴϮϮϭ͕ϵϰϭϭϴ͘Ϭйϯϯϳϯ͘Ϯй ϭϴƚŽϮϰϮ͕ϰϲϮϮ͕ϲϳϯϯ͕ϮϬϴϯ͕ϭϳϮϮϭϭϳ͘ϵйͲϯϲͲϭ͘ϭй ϮϱƚŽϯϰϯ͕ϵϯϴϰ͕ϬϮϰϱ͕ϬϳϮϱ͕ϯϵϱϴϲϮ͘ϭйϯϮϯϲ͘ϰй ϯϱƚŽϰϰϰ͕ϳϱϳϱ͕ϳϯϵϱ͕ϲϳϴϲ͕ϮϬϭϵϴϮϭϳ͘ϭйϱϮϯϵ͘Ϯй ϰϱƚŽϱϰϳ͕Ϭϱϵϱ͕ϭϮϭϱ͕ϱϲϯϱ͕ϲϵϬͲϭ͕ϵϯϴͲϯϳ͘ϴйϭϮϳϮ͘ϯй ϱϱƚŽϲϰϰ͕ϳϲϳϲ͕ϰϴϰϲ͕ϲϬϵϲ͕ϭϬϬϭ͕ϳϭϳϮϲ͘ϱйͲϱϬϵͲϳ͘ϳй ϲϱƚŽϳϰϮ͕ϴϭϰϯ͕ϵϱϮϰ͕ϲϱϯϱ͕ϲϭϱϭ͕ϭϯϴϮϴ͘ϴйϵϲϭϮϬ͘ϳй ϳϱƉůƵƐϭ͕ϳϭϮϮ͕ϲϵϭϮ͕ϵϮϵϯ͕ϴϭϴϵϳϵϯϲ͘ϰйϴϴϵϯϬ͘ϰй dŽƚĂůϯϲ͕ϯϯϲϰϭ͕ϰϱϮϰϰ͕ϭϵϳϰϲ͕ϴϭϮϱ͕ϭϭϲϭϮ͘ϯйϮ͕ϲϭϱϱ͘ϵй KůŵƐƚĞĚŽƵŶƚǇͲWƌŝŵĂƌǇDĂƌŬĞƚƌĞĂ hŶĚĞƌϭϴϯϭ͕Ϯϭϭϯϴ͕ϲϮϮϰϬ͕ϳϮϮϰϭ͕ϲϵϴϳ͕ϰϭϭϭϵ͘ϮйϵϳϲϮ͘ϰй ϭϴƚŽϮϰϭϭ͕ϯϬϳϭϯ͕ϮϵϴϭϮ͕ϳϰϳϭϯ͕ϯϰϲϭ͕ϵϵϭϭϱ͘Ϭйϱϵϵϰ͘ϳй ϮϱƚŽϯϰϮϮ͕ϬϭϴϮϰ͕ϮϭϵϮϮ͕ϬϳϲϮϭ͕ϳϮϮϮ͕ϮϬϭϵ͘ϭйͲϯϱϱͲϭ͘ϲй ϯϱƚŽϰϰϭϴ͕ϭϴϮϮϮ͕ϬϬϵϮϰ͕ϴϵϯϮϱ͕ϲϵϬϯ͕ϴϮϳϭϳ͘ϰйϳϵϴϯ͘Ϯй ϰϱƚŽϱϰϮϮ͕ϭϲϲϭϳ͕ϵϮϬϭϵ͕ϰϯϰϮϬ͕ϵϯϮͲϰ͕ϮϰϲͲϮϯ͘ϳйϭ͕ϰϵϴϳ͘ϳй ϱϱƚŽϲϰϭϲ͕ϬϬϮϮϬ͕ϵϰϰϮϭ͕ϲϮϵϭϵ͕Ϯϭϭϰ͕ϵϰϮϮϯ͘ϲйͲϮ͕ϰϭϴͲϭϭ͘Ϯй ϲϱƚŽϳϰϵ͕ϱϴϳϭϰ͕ϯϭϮϭϲ͕ϯϬϯϭϴ͕ϯϴϴϰ͕ϳϮϱϯϯ͘ϬйϮ͕ϬϴϱϭϮ͘ϴй ϳϱƉůƵƐϴ͕ϱϰϲϭϭ͕ϱϮϯϭϮ͕ϯϳϬϭϱ͕ϬϰϴϮ͕ϵϳϳϮϱ͘ϴйϮ͕ϲϳϴϮϭ͘ϳй dŽƚĂůϭϯϵ͕ϬϭϵϭϲϮ͕ϴϰϳϭϳϬ͕ϭϳϰϭϳϲ͕ϬϯϱϮϯ͕ϴϮϴϭϰ͘ϲйϱ͕ϴϲϭϯ͘ϰй ^ŽƵƌĐĞƐ͗h͘^͘ĞŶƐƵƐ͖^Z/͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ͕>> ^ŽůŝĚŐƌŽǁƚŚŝƐĂůƐŽĞǆƉĞĐƚĞĚƚŽŽĐĐƵƌŝŶƚŚĞĂŐĞϯϱƚŽϰϰĐŽŚŽƌƚŝŶƚŚĞWD͕ĂĚĚŝŶŐϳϵϴ x ƉĞŽƉůĞ;ϯйŐƌŽǁƚŚͿďĞƚǁĞĞŶϮϬϮϰĂŶĚϮϬϮϵ͕ĂƐƚŚĞƉĞĂŬŽĨƚŚĞ͞ĞĐŚŽďŽŽŵ͟ŵŽǀĞƐ ƚŚƌŽƵŐŚƚŚĞĂŐĞŐƌŽƵƉ͘dŚĞϯϱƚŽϰϰĂŐĞŐƌŽƵƉŝƐƉƌŽũĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞϭϬйŝŶZŽĐŚĞƐƚĞƌ ;ϭ͕ϯϳϭƉĞŽƉůĞͿ͘ Dy&/>Z^Z,EKE^h>d/E' Dƌ͘DĂƌƐŚĂůů͘:ĂĐŬƐŽŶ:ƵŶĞϮϱ͕ϮϬϮϰ D:ĞǀĞůŽƉŵĞŶƚŽƌƉ͘WĂŐĞϲ ĂƐĞĚŽŶĂŐĞĚŝƐƚƌŝďƵƚŝŽŶƉƌŽũĞĐƚŝŽŶƐĨŽƌƚŚĞDĂƌŬĞƚƌĞĂ͕ĚĞŵĂŶĚŐƌŽǁƚŚŝƐƉƌŽũĞĐƚĞĚƚŽ x ďĞƐƚƌŽŶŐĞƐƚĨŽƌƌĞĂůĞƐƚĂƚĞƚǇƉĞƐĐĂƚĞƌŝŶŐƚŽƚŚĞƐĞŶŝŽƌƉŽƉƵůĂƚŝŽŶĂŶĚDŝůůĞŶŶŝĂůƐ;ŝ͘Ğ͘ ĞĐŚŽͲďŽŽŵƉŽƉƵůĂƚŝŽŶĂŐĞϯϱƚŽϰϰͿ͘ WƌŝŵĂƌǇDĂƌŬĞƚƌĞĂ WƌŽũĞĐƚĞĚWŽƉƵůĂƚŝŽŶŐĞŝƐƚƌŝďƵƚŝŽŶ͗ϮϬϮϰͲϮϬϮϵ ϭϵ͘Ϭй ϳϱƉůƵƐ Ϯϭ͘ϳй ϵ͘ϲй ϲϱƚŽϳϰ ϭϮ͘ϴй ͲϭϮ͘ϳй ϱϱƚŽϲϰ Ͳϭϭ͘Ϯй ŐĞ'ƌŽƵƉ ϵ͘ϵй ϰϱƚŽϱϰ ϳ͘ϳй ϭ͘ϰй ϯϱƚŽϰϰ ϯ͘Ϯй Ͳϰ͘Ϭй ϮϱƚŽϯϰ ZŽĐŚĞƐƚĞƌ Ͳϭ͘ϲй WD ϲ͘ϳй ϭϴƚŽϮϰ ϰ͘ϳй Ϯ͘ϭй hŶĚĞƌϭϴ Ϯ͘ϰй Ͳϭϱ͘ϬйͲϭϬ͘ϬйͲϱ͘ϬйϬ͘Ϭйϱ͘ϬйϭϬ͘Ϭйϭϱ͘ϬйϮϬ͘ϬйϮϱ͘Ϭй WĞƌĐĞŶƚŚĂŶŐĞ ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞ dĂďůĞƐͲϯĂŶĚͲϰŽŶƚŚĞĨŽůůŽǁŝŶŐƉĂŐĞƐƉƌĞƐĞŶƚĚĂƚĂŽŶŚŽƵƐĞŚŽůĚŝŶĐŽŵĞďǇĂŐĞŽĨŚŽƵƐĞͲ ŚŽůĚĞƌĨŽƌKůŵƐƚĞĚŽƵŶƚǇĂŶĚƚŚĞŝƚǇŽĨZŽĐŚĞƐƚĞƌŝŶϮϬϮϰĂŶĚϮϬϮϵ͘dŚĞĚĂƚĂŝƐĞƐƚŝŵĂƚĞĚ ďǇ^Z/ǁŝƚŚĂĚũƵƐƚŵĞŶƚƐŵĂĚĞďǇDĂǆĨŝĞůĚZĞƐĞĂƌĐŚƚŽƌĞĨůĞĐƚĐƵƌƌĞŶƚǇĞĂƌĚĂƚĂ͘ /ŶϮϬϮϰ͕ƚŚĞŵĞĚŝĂŶŚŽƵƐĞŚŽůĚŝŶĐŽŵĞŝƐĞƐƚŝŵĂƚĞĚƚŽďĞΨϴϲ͕ϰϬϮŝŶKůŵƐƚĞĚŽƵŶƚǇ͕ x ƌŽƵŐŚůǇϱйŚŝŐŚĞƌƚŚĂŶƚŚĞŝƚǇŽĨZŽĐŚĞƐƚĞƌ;Ψϴϭ͕ϵϰϲͿ͘ ƐŚŽƵƐĞŚŽůĚƐĂŐĞƚŚƌŽƵŐŚƚŚĞůŝĨĞĐǇĐůĞ͕ŚŽƵƐĞŚŽůĚŝŶĐŽŵĞƐƚĞŶĚƚŽƉĞĂŬŝŶƚŚĞŝƌϰϬƐĂŶĚ x ĞĂƌůǇϱϬƐ͘dŚŝƐƚƌĞŶĚŝƐĞǀŝĚĞŶƚŝŶƚŚĞŽƵŶƚǇĂƐƚŚĞĂŐĞϰϱƚŽϱϰĐŽŚŽƌƚŚĂƐƚŚĞŚŝŐŚĞƐƚĞƐƚŝͲ ŵĂƚĞĚŝŶĐŽŵĞĂƚΨϭϭϭ͕ϱϰϬ͕ĨŽůůŽǁĞĚďǇƚŚĞϯϱƚŽϰϰĂŐĞŐƌŽƵƉ;ΨϭϬϳ͕ϰϳϳͿ͘ /ŶZŽĐŚĞƐƚĞƌ͕ĂŐĞϰϱƚŽϱϰŚĂƐƚŚĞŚŝŐŚĞƐƚŵĞĚŝĂŶŚŽƵƐĞŚŽůĚŝŶĐŽŵĞ;ΨϭϬϲ͕ϯϴϳͿ͕ĨŽůͲ ůŽǁĞĚďǇĂŐĞϯϱƚŽϰϰ;ΨϭϬϯ͕ϴϬϭͿ͘ ǇϮϬϮϵ͕ƚŚĞŵĞĚŝĂŶŚŽƵƐĞŚŽůĚŝŶĐŽŵĞŝƐĞǆƉĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞϭϲйƚŽΨϵϵ͕ϵϯϬŝŶƚŚĞWD͘ x dŚĞĂǀĞƌĂŐĞĂŶŶƵĂůŝŶĐƌĞĂƐĞ;ϯ͘ϭйͿǁŝůůŽƵƚƉĂĐĞƚŚĞŚŝƐƚŽƌŝĐĂůĂŶŶƵĂůŝŶĨůĂƚŝŽŶƌĂƚĞŽĨϮ͘ϳй ŽǀĞƌƚŚĞƉĂƐƚƚĞŶǇĞĂƌƐ͕ĂůƚŚŽƵŐŚƚŚĞƌĂƚĞŽĨŝŶĐƌĞĂƐĞǁŝůůƚƌĂŝůĂǀĞƌĂŐĞĂŶŶƵĂůŝŶĨůĂƚŝŽŶŽǀĞƌ ƚŚĞƉĂƐƚƚŚƌĞĞǇĞĂƌƐ͘ Dy&/>Z^Z,EKE^h>d/E' Dƌ͘DĂƌƐŚĂůů͘:ĂĐŬƐŽŶ:ƵŶĞϮϱ͕ϮϬϮϰ D:ĞǀĞůŽƉŵĞŶƚŽƌƉ͘WĂŐĞϳ ǇĐŽŵƉĂƌŝƐŽŶ͕ƚŚĞŵĞĚŝĂŶŚŽƵƐĞŚŽůĚŝŶĐŽŵĞŝŶZŽĐŚĞƐƚĞƌŝƐƉƌŽũĞĐƚĞĚƚŽĞǆƉĞƌŝĞŶĐĞ Ϯ͘ϳйŐƌŽǁƚŚĂŶŶƵĂůůǇ͕ŽŶĂǀĞƌĂŐĞ͕ĐůŝŵďŝŶŐƚŽΨϵϯ͕ϬϮϯŝŶϮϬϮϵ͘ d>Ͳϯ ,Kh^,K>/EKDz'K&,Kh^,K>Z WZ/DZzDZ<dZ ϮϬϮϰΘϮϬϮϵ ŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ϮϬϮϰ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϱ͕ϰϵϵϰϯϵϴϲϬϲϯϬϱϭϲϴϲϬϵϰϴϭ͕Ϯϰϲ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϯ͕ϭϭϱϮϮϲϰϯϳϯϬϵϮϭϲϰϴϰϱϳϮϴϳϮ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϯ͕ϯϯϱϮϰϲϲϮϯϯϵϳϯϬϳϰϬϰϰϳϳϴϴϮ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϲ͕ϲϮϮϰϰϱϭ͕ϭϰϳϵϯϳϲϰϰϵϭϳϭ͕Ϭϵϱϭ͕ϰϯϲ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϭϭ͕ϬϯϮϱϳϮϭ͕ϳϰϱϭ͕ϴϵϬϭ͕ϰϴϴϭ͕ϵϮϲϮ͕Ϭϲϯϭ͕ϯϰϵ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϴ͕ϵϱϮϯϳϱϭ͕ϳϰϭϭ͕ϵϰϰϭ͕ϰϴϭϭ͕ϱϳϮϭ͕ϮϯϳϲϬϮ ΨϭϬϬ͕ϬϬϬƚŽΨϭϰϵ͕ϵϵϵϭϯ͕ϰϲϲϮϱϵϮ͕Ϯϵϵϯ͕ϰϴϮϮ͕ϳϬϳϮ͕ϲϮϮϭ͕ϱϭϱϱϴϮ ΨϭϱϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϲ͕ϭϬϬϲϴϭ͕Ϭϯϳϭ͕ϱϯϴϭ͕ϮϯϬϭ͕ϮϭϯϲϮϰϯϵϬ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϭϬ͕ϰϳϲϰϯϭ͕ϮϴϱϮ͕ϲϱϭϮ͕ϰϳϲϮ͕ϰϲϴϭ͕ϭϮϱϰϮϳ dŽƚĂůϲϴ͕ϱϵϲϮ͕ϲϳϯϭϭ͕ϭϳϰϭϯ͕ϳϳϲϭϭ͕ϬϲϱϭϮ͕ϰϲϱϵ͕ϲϱϱϳ͕ϳϴϳ DĞĚŝĂŶ/ŶĐŽŵĞΨϴϲ͕ϰϬϮΨϰϵ͕ϭϮϬΨϴϰ͕ϮϵϳΨϭϬϳ͕ϰϳϳΨϭϭϭ͕ϱϰϬΨϭϬϬ͕ϴϰϵΨϲϵ͕ϱϲϲΨϰϯ͕ϬϮϲ DŝŶŶĞƐŽƚĂΨϴϬ͕ϰϴϯΨϰϱ͕ϱϯϰΨϴϭ͕ϬϳϵΨϭϬϯ͕ϴϬϭΨϭϬϲ͕ϳϰϰΨϴϵ͕ϲϴϲΨϲϱ͕ϳϲϴΨϰϬ͕ϭϵϴ ϮϬϮϵ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϰ͕ϵϴϰϰϲϲϲϵϮϱϰϯϰϱϱϲϬϲϴϱϯϭ͕ϯϳϬ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϮ͕ϮϴϲϭϵϱϮϴϱϭϵϴϭϱϭϮϳϳϰϮϯϳϱϳ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϮ͕ϵϭϰϮϰϭϰϴϳϯϮϳϮϯϴϮϳϮϰϮϬϵϯϭ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϱ͕ϴϲϰϰϭϵϵϱϲϳϵϲϱϱϬϲϯϳϵϳϰϭ͕ϱϯϮ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϭϬ͕ϳϴϮϲϯϲϭ͕ϲϬϵϭ͕ϳϭϭϭ͕ϰϰϭϭ͕ϱϯϲϮ͕ϭϲϬϭ͕ϲϴϳ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϴ͕ϴϮϴϰϭϳϭ͕ϲϭϭϭ͕ϴϰϲϭ͕ϱϬϭϭ͕ϯϬϱϭ͕ϯϳϬϳϳϵ ΨϭϬϬ͕ϬϬϬƚŽΨϭϰϵ͕ϵϵϵϭϰ͕ϴϯϳϯϯϵϮ͕ϰϳϭϯ͕ϲϱϲϯ͕ϬϲϵϮ͕ϰϱϴϭ͕ϵϱϵϴϴϱ ΨϭϱϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϳ͕ϵϳϱϭϬϬϭ͕ϯϭϰϭ͕ϵϯϯϭ͕ϱϵϲϭ͕ϯϲϯϵϱϵϳϭϬ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϭϮ͕ϴϬϴϱϭϭ͕ϲϬϰϯ͕ϭϲϵϮ͕ϵϰϲϮ͕ϱϵϴϭ͕ϲϲϯϳϳϳ dŽƚĂůϳϭ͕ϮϳϵϮ͕ϴϲϯϭϭ͕ϬϮϵϭϰ͕ϭϴϬϭϭ͕ϵϰϳϭϭ͕ϬϱϯϭϬ͕ϳϴϬϵ͕ϰϮϳ DĞĚŝĂŶ/ŶĐŽŵĞΨϵϵ͕ϵϯϬΨϱϮ͕ϵϮϯΨϵϳ͕ϱϬϮΨϭϭϳ͕ϭϴϯΨϭϮϬ͕ϵϲϮΨϭϭϯ͕ϰϭϬΨϴϯ͕ϲϭϵΨϱϭ͕Ϯϰϳ DŝŶŶĞƐŽƚĂΨϵϬ͕ϵϱϴΨϱϬ͕ϯϲϴΨϵϭ͕ϵϲϭΨϭϭϮ͕ϯϳϲΨϭϭϱ͕ϱϵϰΨϭϬϰ͕ϮϱϰΨϳϳ͕ϬϬϱΨϰϳ͕ϳϯϰ ŚĂŶŐĞϮϬϮϰͲϮϬϮϵ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬͲϱϭϰϮϳͲϭϲϴͲϴϳͲϲϭͲϮϱϰͲϵϱϭϮϯ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵͲϴϮϵͲϯϬͲϭϱϮͲϭϭϬͲϲϲͲϮϬϲͲϭϰϵͲϭϭϱ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵͲϰϮϭͲϱͲϭϯϳͲϳϬͲϲϵͲϭϯϮͲϱϴϰϴ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵͲϳϱϳͲϮϲͲϭϵϭͲϭϰϭͲϵϰͲϮϴϬͲϭϮϬϵϲ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵͲϮϱϬϲϱͲϭϯϲͲϭϳϴͲϰϳͲϯϵϬϵϴϯϯϴ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵͲϭϮϰϰϭͲϭϯϬͲϵϴϮϬͲϮϲϳϭϯϮϭϳϳ ΨϭϬϬ͕ϬϬϬƚŽΨϭϰϵ͕ϵϵϵϭ͕ϯϳϭϴϬϭϳϮϭϳϱϯϲϮͲϭϲϰϰϰϰϯϬϯ ΨϭϱϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭ͕ϴϳϲϯϮϮϳϳϯϵϱϯϲϲϭϱϭϯϯϱϯϮϬ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϮ͕ϯϯϮϳϯϭϵϱϭϴϰϳϬϭϯϬϱϯϴϯϱϬ dŽƚĂůϮ͕ϲϴϯϭϵϭͲϭϰϱϰϬϯϴϴϮͲϭ͕ϰϭϮϭ͕ϭϮϱϭ͕ϲϰϬ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϯ͕ϱϮϴΨϯ͕ϴϬϯΨϭϯ͕ϮϬϱΨϵ͕ϳϬϲΨϵ͕ϰϮϮΨϭϮ͕ϱϲϭΨϭϰ͕ϬϱϯΨϴ͕ϮϮϭ DŝŶŶĞƐŽƚĂΨϭϬ͕ϰϳϱΨϰ͕ϴϯϰΨϭϬ͕ϴϴϮΨϴ͕ϱϳϱΨϴ͕ϴϱϬΨϭϰ͕ϱϲϴΨϭϭ͕ϮϯϳΨϳ͕ϱϯϲ ^ŽƵƌĐĞƐ͗^Z/͖h^ĞŶƐƵƐƵƌĞĂƵ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ͕>> /ŶKůŵƐƚĞĚŽƵŶƚǇ͕ƐƚƌŽŶŐĞƐƚŚŽƵƐĞŚŽůĚŐƌŽǁƚŚŝƐĞǆƉĞĐƚĞĚƚŽŽĐĐƵƌŝŶƚŚĞƵƉƉĞƌͲŝŶĐŽŵĞ x ďƌĂĐŬĞƚƐ͕ĂƐƚŚĞŶƵŵďĞƌŽĨŚŽƵƐĞŚŽůĚƐǁŝƚŚŝŶĐŽŵĞƐďĞƚǁĞĞŶΨϭϬϬ͕ϬϬϬĂŶĚΨϭϵϵ͕ϵϵϵŝŶͲ ĐƌĞĂƐĞƐϭϲ͘ϱй;ϯ͕ϮϰϳŚŽƵƐĞŚŽůĚƐͿǁŚŝůĞƚŚĞŶƵŵďĞƌŽĨŚŽƵƐĞŚŽůĚƐǁŝƚŚŝŶĐŽŵĞƐŽĨ ΨϮϬϬ͕ϬϬϬŽƌŚŝŐŚĞƌĂƌĞĞǆƉĞĐƚĞĚƚŽŐƌŽǁϮϮй;Ϯ͕ϯϯϮŚŽƵƐĞŚŽůĚƐͿ͘ Dy&/>Z^Z,EKE^h>d/E' Dƌ͘DĂƌƐŚĂůů͘:ĂĐŬƐŽŶ:ƵŶĞϮϱ͕ϮϬϮϰ D:ĞǀĞůŽƉŵĞŶƚŽƌƉ͘WĂŐĞϴ ^ŝŵŝůĂƌůǇ͕ƚŚĞŝƚǇŽĨZŽĐŚĞƐƚĞƌŝƐƉƌŽũĞĐƚĞĚƚŽĞǆƉĞƌŝĞŶĐĞϮϬйŐƌŽǁƚŚŝŶŚŽƵƐĞŚŽůĚƐǁŝƚŚ x ŝŶĐŽŵĞƐŝŶƚŚĞΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵƌĂŶŐĞǁŚŝůĞƚŚĞŶƵŵďĞƌŽĨŚŽƵƐĞŚŽůĚƐǁŝƚŚŝŶĐŽŵĞƐ ĂƚΨϮϬϬ͕ϬϬϬŽƌŚŝŐŚĞƌŝŶĐƌĞĂƐĞƐϮϮй͘ d>Ͳϰ ,Kh^,K>/EKDz'K&,Kh^,K>Z /dzK&ZK,^dZ ϮϬϮϰΘϮϬϮϵ ŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ϮϬϮϰ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϰ͕ϲϲϵϯϵϴϳϲϲϱϳϰϰϰϭϳϬϮϳϳϬϭ͕Ϭϭϴ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϮ͕ϱϴϭϮϬϰϯϵϳϮϴϲϭϵϯϯϵϮϰϯϭϲϳϳ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϮ͕ϲϭϬϮϬϱϱϮϬϯϯϵϮϰϴϯϬϭϯϱϱϲϰϯ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϱ͕ϮϰϯϯϰϵϵϯϴϳϳϱϱϮϬϲϳϭϴϱϳϭ͕ϭϯϯ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϴ͕ϳϰϳϰϴϭϭ͕ϰϳϳϭ͕ϱϵϬϭ͕ϭϴϴϭ͕ϰϱϳϭ͕ϱϭϲϭ͕Ϭϯϴ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϲ͕ϵϬϯϮϵϵϭ͕ϯϳϭϭ͕ϱϴϬϭ͕ϭϮϯϭ͕ϭϱϵϵϬϴϰϲϮ ΨϭϬϬ͕ϬϬϬƚŽΨϭϰϵ͕ϵϵϵϵ͕ϴϰϲϭϵϰϭ͕ϳϱϰϮ͕ϲϴϭϭ͕ϵϯϴϭ͕ϳϵϳϭ͕Ϭϰϰϰϯϴ ΨϭϱϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϰ͕ϯϮϴϱϰϳϳϱϭ͕ϭϰϯϴϭϳϳϵϭϰϯϵϯϬϴ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϳ͕ϰϯϳϯϰϵϱϱϭ͕ϵϴϱϭ͕ϳϬϯϭ͕ϲϳϳϳϳϮϯϭϭ dŽƚĂůϱϮ͕ϯϲϰϮ͕Ϯϭϴϴ͕ϵϱϰϭϬ͕ϵϱϯϴ͕ϭϳϮϴ͕ϵϰϳϳ͕Ϭϵϯϲ͕ϬϮϵ DĞĚŝĂŶ/ŶĐŽŵĞΨϴϭ͕ϵϰϲΨϰϳ͕ϰϭϰΨϴϬ͕ϰϳϮΨϭϬϯ͕ϵϯϲΨϭϬϲ͕ϯϴϳΨϵϰ͕ϰϯϮΨϲϲ͕ϲϮϯΨϰϮ͕ϲϮϰ DŝŶŶĞƐŽƚĂΨϴϬ͕ϰϴϯΨϰϱ͕ϱϯϰΨϴϭ͕ϬϳϵΨϭϬϯ͕ϴϬϭΨϭϬϲ͕ϳϰϰΨϴϵ͕ϲϴϲΨϲϱ͕ϳϲϴΨϰϬ͕ϭϵϴ ϮϬϮϵ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϰ͕ϮϴϬϰϮϲϲϮϯϰϵϲϰϬϯϱϭϮϳϭϭϭ͕ϭϬϵ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϭ͕ϵϮϲϭϳϴϮϱϵϭϴϵϭϯϳϮϯϳϯϮϵϱϵϲ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϮ͕ϯϯϱϮϬϴϰϬϴϮϴϲϮϬϲϮϭϯϯϮϯϲϵϭ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϰ͕ϳϯϯϯϰϱϳϵϮϲϲϳϰϲϰϰϴϱϳϴϯϭ͕ϭϵϴ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϴ͕ϲϯϮϱϰϵϭ͕ϯϲϳϭ͕ϰϳϭϭ͕ϮϬϮϭ͕ϭϴϱϭ͕ϱϴϱϭ͕Ϯϳϯ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϲ͕ϴϲϰϯϯϴϭ͕Ϯϲϯϭ͕ϱϭϱϭ͕ϭϵϳϵϲϭϵϴϵϲϬϭ ΨϭϬϬ͕ϬϬϬƚŽΨϭϰϵ͕ϵϵϵϭϬ͕ϴϵϴϮϱϵϭ͕ϴϳϭϮ͕ϴϭϴϮ͕ϮϳϮϭ͕ϳϬϮϭ͕ϯϮϲϲϱϬ ΨϭϱϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϱ͕ϲϲϰϴϬϵϲϳϭ͕ϰϭϵϭ͕ϭϮϮϴϴϬϲϰϱϱϱϭ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϵ͕Ϭϱϲϰϭϭ͕ϭϳϲϮ͕ϯϰϮϮ͕ϬϵϮϭ͕ϳϱϮϭ͕Ϭϵϵϱϱϰ dŽƚĂůϱϰ͕ϯϴϴϮ͕ϰϮϯϴ͕ϳϮϲϭϭ͕ϮϬϰϵ͕Ϭϵϱϳ͕ϵϮϲϳ͕ϳϵϮϳ͕ϮϮϯ DĞĚŝĂŶ/ŶĐŽŵĞΨϵϯ͕ϬϮϯΨϱϭ͕ϲϬϲΨϵϭ͕ϲϭϮΨϭϭϮ͕ϯϱϵΨϭϭϱ͕ϯϬϬΨϭϬϳ͕ϱϰϯΨϳϴ͕ϮϰϴΨϱϬ͕ϮϮϯ DŝŶŶĞƐŽƚĂΨϵϬ͕ϵϱϴΨϱϬ͕ϯϲϴΨϵϭ͕ϵϲϭΨϭϭϮ͕ϯϳϲΨϭϭϱ͕ϱϵϰΨϭϬϰ͕ϮϱϰΨϳϳ͕ϬϬϱΨϰϳ͕ϳϯϰ ŚĂŶŐĞϮϬϮϰͲϮϬϮϵ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬͲϯϴϵϮϴͲϭϰϯͲϳϵͲϯϴͲϭϵϬͲϱϴϵϮ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵͲϲϱϱͲϮϱͲϭϯϴͲϵϳͲϱϲͲϭϱϱͲϭϬϮͲϴϮ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵͲϮϳϱϯͲϭϭϮͲϱϮͲϰϮͲϴϵͲϯϭϰϴ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵͲϱϭϬͲϰͲϭϰϲͲϭϬϴͲϱϲͲϭϴϲͲϳϱϲϱ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵͲϭϭϱϲϵͲϭϭϬͲϭϭϵϭϰͲϮϳϮϲϵϮϯϱ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵͲϯϵϯϴͲϭϬϵͲϲϰϳϰͲϭϵϳϴϮϭϯϴ ΨϭϬϬ͕ϬϬϬƚŽΨϭϰϵ͕ϵϵϵϭ͕ϬϱϮϲϰϭϭϳϭϯϳϯϯϱͲϵϱϮϴϮϮϭϮ ΨϭϱϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭ͕ϯϯϲϮϱϭϵϮϮϳϲϯϬϱϴϵϮϬϲϮϰϯ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϭ͕ϲϭϵϳϮϮϭϯϱϳϯϴϵϳϲϯϮϳϮϰϯ dŽƚĂůϮ͕ϬϮϰϮϬϲͲϮϮϴϮϱϭϵϮϯͲϭ͕ϬϮϭϲϵϵϭ͕ϭϵϰ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϭ͕ϬϳϳΨϰ͕ϭϵϮΨϭϭ͕ϭϰϬΨϴ͕ϰϮϯΨϴ͕ϵϭϯΨϭϯ͕ϭϭϭΨϭϭ͕ϲϮϱΨϳ͕ϱϵϵ DŝŶŶĞƐŽƚĂΨϭϬ͕ϰϳϱΨϰ͕ϴϯϰΨϭϬ͕ϴϴϮΨϴ͕ϱϳϱΨϴ͕ϴϱϬΨϭϰ͕ϱϲϴΨϭϭ͕ϮϯϳΨϳ͕ϱϯϲ ^ŽƵƌĐĞƐ͗^Z/͖h^ĞŶƐƵƐƵƌĞĂƵ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ͕>> dŚĞƚĂƌŐĞƚŵĂƌŬĞƚĨŽƌƌĞŶƚĂůƵŶŝƚƐŐĞŶĞƌĂůůǇĐŽŶƐŝƐƚƐŽĨǇŽƵŶŐĞƌŚŽƵƐĞŚŽůĚƐ͘dŚĞŵĞĚŝĂŶ x ŚŽƵƐĞŚŽůĚŝŶĐŽŵĞŝŶƚŚĞWDŝƐΨϰϳ͕ϰϭϰĨŽƌƚŚĞƵŶĚĞƌͲϮϱĂŐĞŐƌŽƵƉĂŶĚΨϴϬ͕ϰϳϮĨŽƌƚŚĞϮϱ ƚŽϯϰĂŐĞŐƌŽƵƉ͘,ŽƵƐĞŚŽůĚƐĞĂƌŶŝŶŐƚŚĞŵĞĚŝĂŶŝŶĐŽŵĞĨŽƌƚŚĞƐĞĂŐĞŐƌŽƵƉƐĐŽƵůĚĂĨĨŽƌĚ ŵŽŶƚŚůǇŚŽƵƐŝŶŐĐŽƐƚƐĞƐƚŝŵĂƚĞĚĂƚΨϭ͕ϭϴϱĂŶĚΨϮ͕ϬϭϮ͕ƌĞƐƉĞĐƚŝǀĞůǇ͘,ŽƵƐĞŚŽůĚƐŝŶƚŚĞϯϱ ƚŽϰϰĂŐĞŐƌŽƵƉƚŚĂƚŵĂǇĚĞůĂǇďƵǇŝŶŐĂŚŽŵĞĐŽƵůĚĂĨĨŽƌĚĂΨϮ͕ϱϵϴŵŽŶƚŚůǇƌĞŶƚ͕ďĂƐĞĚ ŽŶƚŚĞŵĞĚŝĂŶŚŽƵƐĞŚŽůĚŝŶĐŽŵĞŽĨΨϭϬϯ͕ϵϯϲ͘ Dy&/>Z^Z,EKE^h>d/E' Dƌ͘DĂƌƐŚĂůů͘:ĂĐŬƐŽŶ:ƵŶĞϮϱ͕ϮϬϮϰ D:ĞǀĞůŽƉŵĞŶƚŽƌƉ͘WĂŐĞϵ ĐĐŽƌĚŝŶŐƚŽƚŚĞh͘^͘ĞƉĂƌƚŵĞŶƚŽĨ,ŽƵƐŝŶŐĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚ;,hͿ͕ƚŚĞĚĞĨŝŶŝƚŝŽŶ x ŽĨĂĨĨŽƌĚĂďŝůŝƚǇŝƐĨŽƌĂŚŽƵƐĞŚŽůĚƚŽƉĂǇŶŽŵŽƌĞƚŚĂŶϯϬйŽĨŝƚƐĂŶŶƵĂůŝŶĐŽŵĞŽŶŚŽƵƐŝŶŐ͘ ĂƐĞĚŽĨĨŽĨĞŶƚƌǇͲůĞǀĞůƉƌŝĐŝŶŐĨŽƌĂƐƚƵĚŝŽƵŶŝƚ;Ψϭ͕ϭϴϬͿĂƚƚŚĞŶĞǁĞƌƌĞŶƚĂůƉƌŽƉĞƌƚŝĞƐ͕ ƚŚĞƌĞĂƌĞĂƉƉƌŽǆŝŵĂƚĞůǇϯϴ͕ϮϰϬŚŽƵƐĞŚŽůĚƐ;ϳϯйŽĨƚŽƚĂůŚŽƵƐĞŚŽůĚƐͿŝŶƚŚĞWDƚŚĂƚĂƌĞ ĞƐƚŝŵĂƚĞĚƚŽŚĂǀĞĂŶĂŶŶƵĂůŝŶĐŽŵĞĂďŽǀĞΨϰϳ͕ϮϬϬŝŶϮϬϮϰ͘ǇϮϬϮϵ͕ƚŽƚĂůŝŶĐŽŵĞͲƋƵĂůŝͲ ĨŝĞĚŚŽƵƐĞŚŽůĚƐĂƌĞƉƌŽũĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞƚŽϰϭ͕ϬϳϵŚŽƵƐĞŚŽůĚƐ;ϳϱйŽĨƚŽƚĂůŚŽƵƐĞŚŽůĚƐͿ ĂĨƚĞƌĂĐĐŽƵŶƚŝŶŐĨŽƌŝŶĨůĂƚŝŽŶ͘ Dy&/>Z^Z,EKE^h>d/E' Dƌ͘DĂƌƐŚĂůů͘:ĂĐŬƐŽŶ:ƵŶĞϮϱ͕ϮϬϮϰ D:ĞǀĞůŽƉŵĞŶƚŽƌƉ͘WĂŐĞϭϬ ,ŽƵƐĞŚŽůĚdĞŶƵƌĞďǇŐĞ dĂďůĞͲϱƐŚŽǁƐŚŽƵƐĞŚŽůĚƚĞŶƵƌĞďǇĂŐĞŽĨŚŽƵƐĞŚŽůĚĞƌĨŽƌƚŚĞWDĂŶĚDŝŶŶĞƐŽƚĂŝŶϮϬϮϬ ĂŶĚϮϬϮϰ͘ĂƚĂĨŽƌϮϬϮϬŝƐŽďƚĂŝŶĞĚĨƌŽŵƚŚĞĞĐĞŶŶŝĂůĞŶƐƵƐ͕ǁŚŝůĞƚŚĞϮϬϮϰĚĂƚĂŝƐďĂƐĞĚ ŽŶƚŚĞϮϬϭϴͲϮϬϮϮŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ^ƵƌǀĞǇĂŶĚĂĚũƵƐƚĞĚďǇDĂǆĨŝĞůĚZĞƐĞĂƌĐŚƚŽƌĞĨůĞĐƚ ĐƵƌƌĞŶƚǇĞĂƌŚŽƵƐĞŚŽůĚĞƐƚŝŵĂƚĞƐ͘dŚĞƚĂďůĞƐŚŽǁƐƚŚĞŶƵŵďĞƌĂŶĚƉĞƌĐĞŶƚŽĨƌĞŶƚĞƌͲĂŶĚ ŽǁŶĞƌͲŽĐĐƵƉŝĞĚŚŽƵƐŝŶŐƵŶŝƚƐŝŶƚŚĞDĂƌŬĞƚƌĞĂ͘ůůĚĂƚĂĞǆĐůƵĚĞƐƵŶŽĐĐƵƉŝĞĚƵŶŝƚƐĂŶĚ ŐƌŽƵƉƋƵĂƌƚĞƌƐƐƵĐŚĂƐĚŽƌŵŝƚŽƌŝĞƐĂŶĚŶƵƌƐŝŶŐŚŽŵĞƐ͘ ,ŽƵƐĞŚŽůĚƚĞŶƵƌĞŝŶĨŽƌŵĂƚŝŽŶŝƐŝŵƉŽƌƚĂŶƚŝŶƵŶĚĞƌƐƚĂŶĚŝŶŐŚŽƵƐĞŚŽůĚƐ͛ƉƌĞĨĞƌĞŶĐĞƐƚŽƌĞŶƚ ŽƌŽǁŶƚŚĞŝƌŚŽƵƐŝŶŐ͘/ŶĂĚĚŝƚŝŽŶƚŽƉƌĞĨĞƌĞŶĐĞƐ͕ĐŽŶƚƌŝďƵƚŝŶŐĨĂĐƚŽƌƐŝŶĐůƵĚĞŵŽƌƚŐĂŐĞŝŶƚĞƌĞƐƚ ƌĂƚĞƐ͕ŚŽƵƐĞŚŽůĚĂŐĞĂŶĚůŝĨĞƐƚǇůĞĐŽŶƐŝĚĞƌĂƚŝŽŶƐ͕ĂŵŽŶŐŽƚŚĞƌƐ͘ /ŶƚŚĞWD͕ĂŶĞƐƚŝŵĂƚĞĚϮϴ͘ϳйŽĨĂůůŚŽƵƐĞŚŽůĚƐƌĞŶƚŝŶϮϬϮϰ͕ƌĞƐƵůƚŝŶŐŝŶĂƌĞŶƚĂůƌĂƚĞƚŚĂƚ x ŝƐƐůŝŐŚƚůǇŚŝŐŚĞƌƚŚĂŶDŝŶŶĞƐŽƚĂ;Ϯϴ͘ϰйŽĨŚŽƵƐĞŚŽůĚƐƌĞŶƚŝŶϮϬϮϰͿ͘ ŶĞƐƚŝŵĂƚĞĚϴϳ͘ϲйŽĨWDŚŽƵƐĞŚŽůĚƐƵŶĚĞƌĂŐĞϮϱƌĞŶƚĂŶĚϰϳ͘ϳйŽĨŚŽƵƐĞŚŽůĚƐĂŐĞϮϱ x ƚŽϯϰƌĞŶƚ͘dŚĞƐĞƉĞƌĐĞŶƚĂŐĞƐĂƌĞŚŝŐŚĞƌƚŚĂŶDŝŶŶĞƐŽƚĂǁŚŝĐŚŚĂƐϴϭ͘ϲйŽĨŚŽƵƐĞŚŽůĚƐ ƵŶĚĞƌĂŐĞϮϱĂŶĚϰϴ͘ϭйŽĨĂŐĞϮϱƚŽϯϰŚŽƵƐĞŚŽůĚƐƌĞŶƚŝŶŐ͘ ƐƐŚŽǁŶŝŶƚŚĞĐŚĂƌƚďĞůŽǁ͕ƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐŝŶƚŚĞWDĂƌĞŐƌĞĂƚĞƐƚĂŵŽŶŐƐƚƚŚŽƐĞ x ĂŐĞƐϭϱƚŽϯϰ͘ZĞŶƚĞƌƐĂĐĐŽƵŶƚĨŽƌϱϲйŝŶƚŚŝƐĂŐĞŐƌŽƵƉ͘/ŶZŽĐŚĞƐƚĞƌ͕ƚŚŝƐĂŐĞŐƌŽƵƉŚĂƐ ϲϭйƚŚĂƚĂƌĞƌĞŶƚĞƌƐ͘ ,ŽƵƐĞŚŽůĚdĞŶƵƌĞďǇŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ WĞƌĐĞŶƚĂŐĞŽĨZĞŶƚĞƌƐ͗ϮϬϮϰ ϭϬϬ͘Ϭ ϵϬ͘Ϭ ϴϴ͘ϳ ϴϬ͘Ϭ ϴϳ͘ϲ ϳϬ͘Ϭ ϲϬ͘Ϭ WĐƚ͘ϱϬ͘Ϭ ϱϮ͘ϲ ϰϬ͘Ϭ ϰϳ͘ϳ ϯϬ͘Ϭ ϯϰ͘Ϯ Ϯϵ͘ϳϮϵ͘ϲ ϮϬ͘Ϭ Ϯϱ͘ϰ Ϯϰ͘ϴ ϮϬ͘Ϭ ϭϴ͘ϭϭϲ͘ϳ ϭϬ͘Ϭ ϭϰ͘ϱ ϭϰ͘ϰ Ϭ͘Ϭ ϭϱͲϮϰϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ŐĞ ZŽĐŚĞƐƚĞƌWD Dy&/>Z^Z,EKE^h>d/E' ϭϭϲ͕ϰϴϰϳϳ͘Ϭϭϯϲ͕ϵϮϯϳϴ͘Ϭϭϯϰ͕Ϭϯϵϳϴ͘ϭϳϭϱϮϰ͘ϯϴϯϵϮϮ͘ϵϴϭϲϮϱ͘ϭϴϮϯϮϭ͘ϳϵϲϮϭϵ͘ϰϵϵϮϮϮ͘ϵϯϰ͕ϳϱϱϮϯ͘Ϭϯϴ͕ϲϭϱϮϮ͘Ϭϯϳ͕ϰϵϴϮϭ͘ϵϯϬ͕ϰϳϮϳϬ͘ϴϯϮ͕ϭϰϱϲϰ͘ϰϯϰ͕ϱϭϲϲϱ͘ϵϰϮ͕ϴϭϮϳϱ͘Ϭϰϱ͕ϲϲϳϳϬ͘Ϭϰϴ͕ϴϵϵϳϭ͘ϯϭ͕ϱϮϯ͕ϴϱϵϳϯ͘Ϭϭ͕ϱϵϬ͕ϰϮϭϳϬ͘ϲϭ͕ϲϱϮ͕ϭ ϲϳϳϭ͘ϲ ϳϯϱϱϮ͘ϰϵϳϭϱϲ͘ϱϵϵϲϱϬ͘ϳϵϰϲϱϱ͘Ϯϭ͕ϮϴϯϲϬ͘ϴϭ͕ϱϯϰϱϵ͘Ϭϯϵ͕ϳϰϮϱϱ͘ϯϰϰ͕ϴϰϭϱϵ͘ϲϰϱ͕Ϭϰϳϱϲ͘ϯϲϲϳϰϳ͘ϲϳϰϴϰϯ͘ϱϵϲϳϰϵ͘ϯϳϲϳϰϰ͘ϴϴϮϲϯϵ͘Ϯϭ͕Ϭϲϱϰϭ͘ϬϯϮ͕ϭϳϭϰϰ͘ϳϯϬ͕ϯϴϲϰϬ͘ϰϯϰ͕ϵϭϮϰϯ͘ϳ WĐƚ͘ ϱ :ƵŶĞϮ ϮϬϮϰ EŽ͘ WĐƚ͘ DŝŶŶĞƐŽƚĂ ϮϬϮϬ EŽ͘ WĐƚ͘ ϭϱϭ͕ϮϯϵϭϬϬ͘ ϮϬϭϬ EŽ͘ dŽƚĂůϮ͕ϵϰϮϭϬϬ͘Ϭϯ͕ϲϲϭϭϬϬ͘Ϭϯ͕ϮϱϯϭϬϬ͘Ϭϯ͕ϳϴϵϭϬϬ͘Ϭϰ͕ϵϱϱϭϬϬ͘Ϭϰ͕ϯϯϴϭϬϬ͘Ϭ WĐƚ͘ ϮϬϮϰ EŽ͘ dEhZz'K&,Kh^,K>Z KůŵƐƚĞĚŽƵŶƚǇ;WDͿ WZ/DZzDZ<dZ WĐƚ͘ ϮϬϮϬ ϮϬϭϬƚŽϮϬϮϰ d>Ͳϱ EŽ͘ WĐƚ͘ ϮϬϭϬ EŽ͘ WĐƚ͘ ϮϬϮϰ EŽ͘ ^ŽƵƌĐĞƐ͗h͘^͘ĞŶƐƵƐƵƌĞĂƵ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ͕>> Dy&/>Z^Z,EKE^h>d/E' WĐƚ͘ ZŽĐŚĞƐƚĞƌ ϮϬϮϬ EŽ͘ WĐƚ͘ D:ĞǀĞůŽƉŵĞŶƚŽƌƉ͘ ƌ͘DĂƌƐŚĂůů͘:ĂĐŬƐŽŶ ϮϬϭϬ EŽ͘ KǁŶKǁŶKǁŶKǁŶ KǁŶKǁŶKǁŶZĞŶƚZĞŶƚZĞŶƚZĞŶƚKǁŶKǁŶ ZĞŶƚZĞŶƚZĞŶƚZĞŶƚZĞŶƚ dKd> ϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱͲϴϰ ϭϱͲϮϰϮϱͲϯϰϯϱͲϰϰ ŐĞ ϴϱн D Dƌ͘DĂƌƐŚĂůů͘:ĂĐŬƐŽŶ:ƵŶĞϮϱ͕ϮϬϮϰ D:ĞǀĞůŽƉŵĞŶƚŽƌƉ͘WĂŐĞϭϮ dŚĞŶƵŵďĞƌŽĨWDƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐŝŶĐƌĞĂƐĞĚĨŽƌĂůůĂŐĞĐŽŚŽƌƚƐďĞƚǁĞĞŶϮϬϭϬĂŶĚ x ϮϬϮϰĂƐƚŚĞƚŽƚĂůŶƵŵďĞƌŽĨƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐƌĞƐŝĚŝŶŐŝŶƚŚĞWDŐƌĞǁďǇĂŶĞƐƚŝŵĂƚĞĚ ϱ͕ϰϮϵŚŽƵƐĞŚŽůĚƐ͕ĂŶŝŶĐƌĞĂƐĞŽĨϯϬй͘ǇĐŽŵƉĂƌŝƐŽŶ͕ƚŚĞŶƵŵďĞƌŽĨŽǁŶĞƌͲŽĐĐƵƉŝĞĚ ŚŽƵƐĞŚŽůĚƐŝŶƚŚĞWDĞǆƉĂŶĚĞĚϭϴй;ϲ͕ϬϴϳŚŽƵƐĞŚŽůĚƐͿƐŝŶĐĞϮϬϭϬ͘ dŚĞůĂƌŐĞƐƚƉƌŽƉŽƌƚŝŽŶĂůŝŶĐƌĞĂƐĞŝŶƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐŽĐĐƵƌƌĞĚŝŶƚŚĞϲϱƚŽϳϰĂŐĞŐƌŽƵƉŝŶ x ƚŚĞWD͕ĂƐϱϴϲƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐǁĞƌĞĂĚĚĞĚ;ϴϬйŐƌŽǁƚŚͿǁŚŝůĞƚŚĞŶƵŵďĞƌŽĨŽǁŶĞƌ ŚŽƵƐĞŚŽůĚƐŝŶĐƌĞĂƐĞĚϱϳй;Ϯ͕ϴϰϰŚŽƵƐĞŚŽůĚƐͿ͘ ƐĚĞƉŝĐƚĞĚŝŶƚŚĞĐŚĂƌƚŽŶƚŚĞĨŽůůŽǁŝŶŐƉĂŐĞ͕ƚŚĞƉƌŽƉŽƌƚŝŽŶŽĨƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐŝŶͲ x ĐƌĞĂƐĞĚŝŶĂůůĂŐĞŐƌŽƵƉƐďĞƚǁĞĞŶϮϬϭϬĂŶĚϮϬϮϰ͕ǁŝƚŚƚŚĞůĂƌŐĞƐƚŐƌŽǁƚŚŽĐĐƵƌƌŝŶŐŝŶƚŚĞ ϮϱƚŽϯϰĂŐĞŐƌŽƵƉǁŝƚŚƚŚĞĂĚĚŝƚŝŽŶŽĨϭ͕ϲϳϲƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐ;ϯϴ͘ϴйͿ͘dŚĞƵŶĚĞƌͲϮϱĂŐĞ ŐƌŽƵƉĂĚĚĞĚϵϲϴƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐďĞƚǁĞĞŶϮϬϭϬĂŶĚϮϬϮϯ;ϰϳ͘ϯйŐƌŽǁƚŚͿ͘ ,ŽƵƐĞŚŽůĚ'ƌŽǁƚŚďǇŐĞ'ƌŽƵƉĂŶĚdĞŶƵƌĞ WƌŝŵĂƌǇDĂƌŬĞƚƌĞĂ;ϮϬϭϬͲϮϬϮϰͿ ϰ͕ϬϬϬ ϯ͕ϬϬϬ Ϯ͕ϬϬϬ ,ŽƵƐĞŚŽůĚƐ ϭ͕ϬϬϬ Ϭ Ͳϭ͕ϬϬϬ ͲϮ͕ϬϬϬ Ͳϯ͕ϬϬϬ hŶĚĞƌϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱͲϴϰϴϱн ZĞŶƚ ϵϴϲϭ͕ϳϭϭϵϯϯϮϬϰϱϰϮϱϴϲϭϲϵϮϵϴ KǁŶ ͲϮϱϭͲϮϳϰϭ͕ϴϬϲͲϭ͕ϳϵϰϮ͕ϳϴϴϮ͕ϴϰϰϯϴϬϱϴϴ Dy&/>Z^Z,EKE^h>d/E' Dƌ͘DĂƌƐŚĂůů͘:ĂĐŬƐŽŶ:ƵŶĞϮϱ͕ϮϬϮϰ D:ĞǀĞůŽƉŵĞŶƚŽƌƉ͘WĂŐĞϭϯ ,ŽƵƐĞŚŽůĚdǇƉĞ dĂďůĞͲϲƐŚŽǁƐĂďƌĞĂŬĚŽǁŶŽĨƚŚĞƚǇƉĞƐŽĨŚŽƵƐĞŚŽůĚƐƉƌĞƐĞŶƚŝŶZŽĐŚĞƐƚĞƌĂŶĚƚŚĞWDŝŶ ϮϬϭϬĂŶĚϮϬϮϰ͘dŚĞĚĂƚĂŝƐƵƐĞĨƵůŝŶĂƐƐĞƐƐŝŶŐŚŽƵƐŝŶŐĚĞŵĂŶĚƐŝŶĐĞƚŚĞŚŽƵƐĞŚŽůĚĐŽŵƉŽƐŝͲ ƚŝŽŶŽĨƚĞŶĚŝĐƚĂƚĞƐƚŚĞƚǇƉĞŽĨŚŽƵƐŝŶŐŶĞĞĚĞĚĂŶĚƉƌĞĨĞƌƌĞĚ͘dŚĞĨŽůůŽǁŝŶŐŬĞǇƉŽŝŶƚƐĂƌĞ ƐƵŵŵĂƌŝǌĞĚĨƌŽŵdĂďůĞͲϲ͗ ^ŚŝĨƚŝŶŐŚŽƵƐĞŚŽůĚƚǇƉĞƐĐĂŶƐƚŝŵƵůĂƚĞĚĞŵĂŶĚĨŽƌĂǀĂƌŝĞƚǇŽĨŚŽƵƐŝŶŐƉƌŽĚƵĐƚƐ͘DĂƌƌŝĞĚĐŽƵͲ ƉůĞĨĂŵŝůŝĞƐƚǇƉŝĐĂůůǇŐĞŶĞƌĂƚĞĚĞŵĂŶĚĨŽƌƐŝŶŐůĞͲĨĂŵŝůǇĚĞƚĂĐŚĞĚŽǁŶĞƌƐŚŝƉŚŽƵƐŝŶŐ͕ǁŚŝůĞ ŵĂƌƌŝĞĚĐŽƵƉůĞƐǁŝƚŚŽƵƚĐŚŝůĚƌĞŶŽĨƚĞŶĚĞƐŝƌĞŵƵůƚŝĨĂŵŝůǇŚŽƵƐŝŶŐĨŽƌĐŽŶǀĞŶŝĞŶĐĞƌĞĂƐŽŶƐ͘ DĂƌƌŝĞĚĐŽƵƉůĞĨĂŵŝůŝĞƐǁŝƚŚŽƵƚĐŚŝůĚƌĞŶĂƌĞŐĞŶĞƌĂůůǇŵĂĚĞƵƉŽĨǇŽƵŶŐĞƌĐŽƵƉůĞƐƚŚĂƚŚĂǀĞ ŶŽƚŚĂĚĐŚŝůĚƌĞŶ;ĂŶĚŵĂǇŶŽƚŚĂǀĞĐŚŝůĚƌĞŶͿĂŶĚŽůĚĞƌĐŽƵƉůĞƐǁŝƚŚĂĚƵůƚĐŚŝůĚƌĞŶƚŚĂƚŚĂǀĞ ŵŽǀĞĚŽƵƚŽĨƚŚĞŚŽŵĞ͘KƚŚĞƌĨĂŵŝůǇŚŽƵƐĞŚŽůĚƐ͕ĚĞĨŝŶĞĚĂƐĂŵĂůĞŽƌĨĞŵĂůĞŚŽƵƐĞŚŽůĚĞƌ ǁŝƚŚŶŽƐƉŽƵƐĞƉƌĞƐĞŶƚ;ƚǇƉŝĐĂůůǇƐŝŶŐůĞͲƉĂƌĞŶƚŚŽƵƐĞŚŽůĚƐͿ͕ŽĨƚĞŶƌĞƋƵŝƌĞĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐ͘ ŚĂŶŐĞƐŝŶŶŽŶͲĨĂŵŝůǇŚŽƵƐĞŚŽůĚƐ;ŚŽƵƐĞŚŽůĚƐůŝǀŝŶŐĂůŽŶĞĂŶĚŚŽƵƐĞŚŽůĚƐĐŽŵƉŽƐĞĚŽĨƵŶƌĞͲ ůĂƚĞĚƌŽŽŵŵĂƚĞƐͿǁŝůůĚƌŝǀĞĚĞŵĂŶĚĨŽƌƌĞŶƚĂůŚŽƵƐŝŶŐ͘ ,ŽƵƐĞŚŽůĚƐDĂƌƌŝĞĚǁŝƚŚŽƵƚŚŝůĚƌĞŶƌĞƉƌĞƐĞŶƚĞĚƚŚĞůĂƌŐĞƐƚŚŽƵƐĞŚŽůĚƚǇƉĞŝŶƚŚĞWDŝŶ x ϮϬϮϬ͘dŚĞƐĞŚŽƵƐĞŚŽůĚƐĂĐĐŽƵŶƚĞĚĨŽƌĞƐƚŝŵĂƚĞĚϯϬйŽĨĂůůŚŽƵƐĞŚŽůĚƐ͘,ŽƵƐĞŚŽůĚƐůŝǀŝŶŐ ĂůŽŶĞǁĂƐƚŚĞůĂƌŐĞƐƚŚŽƵƐĞŚŽůĚƚǇƉĞŝŶZŽĐŚĞƐƚĞƌ͕ĂƚϯϬйŽĨĂůůŚŽƵƐĞŚŽůĚƐŝŶϮϬϭϬ͘ ƐŽĨϮϬϮϰ͕ƚŚĞůĂƌŐĞƐƚŚŽƵƐĞŚŽůĚƚǇƉĞŝŶƚŚĞWDƌĞŵĂŝŶƐDĂƌƌŝĞĚǁŝƚŚŽƵƚŚŝůĚƌĞŶ;ĞƐƚŝͲ x ŵĂƚĞĚĂƚϮϵ͘ϱйŽĨŚŽƵƐĞŚŽůĚƐͿĂŶĚŚŽƵƐĞŚŽůĚƐůŝǀŝŶŐĂůŽŶĞƌĞŵĂŝŶĞĚƚŚĞůĂƌŐĞƐƚŚŽƵƐĞŚŽůĚ ƚǇƉĞŝŶZŽĐŚĞƐƚĞƌ;ĞƐƚŝŵĂƚĞĚĂƚϯϮйͿ͘ůůŚŽƵƐĞŚŽůĚƚǇƉĞƐŐƌĞǁĚƵƌŝŶŐƚŚĞƉĞƌŝŽĚ͕ǁŝƚŚƚŚĞ ůĂƌŐĞƐƚŝŶĐƌĞĂƐĞŽĐĐƵƌƌŝŶŐŝŶŚŽƵƐĞŚŽůĚƐůŝǀŝŶŐĂůŽŶĞŝŶƚŚĞWD͘ ,ŽƵƐĞŚŽůĚdǇƉĞŽŵƉĂƌŝƐŽŶ ϮϬϮϰ ϬйϮϬйϰϬйϲϬйϴϬйϭϬϬй ZŽĐŚĞƐƚĞƌΖϭϬ ϯϬйϴйϮϮйϮϴйϭϯй ZŽĐŚĞƐƚĞƌΖϮϰ ϯϮйϵйϮϬйϮϲйϭϮй WDΖϭϬ ϮϳйϳйϮϯйϯϬйϭϯй WDΖϮϰ ϮϵйϴйϮϮйϮϵйϭϮй >ŝǀŝŶŐůŽŶĞZŽŽŵŵĂƚĞƐDĂƌƌŝĞĚǁͬŚŝůĚDĂƌƌŝĞĚǁͬŽŚŝůĚKƚŚĞƌ&ĂŵŝůǇ Dy&/>Z^Z,EKE^h>d/E' Dƌ͘DĂƌƐŚĂůů͘:ĂĐŬƐŽŶ:ƵŶĞϮϱ͕ϮϬϮϰ D:ĞǀĞůŽƉŵĞŶƚŽƌƉ͘WĂŐĞϭϰ d>Ͳϲ ,Kh^,K>dzW WZ/DZzDZ<dZ ϮϬϭϬΘϮϬϮϰ ZŽĐŚĞƐƚĞƌWƌŝŵĂƌǇDĂƌŬĞƚƌĞĂ ϮϬϭϬϮϬϮϬϮϬϮϰϮϬϭϬϮϬϮϬϮϬϮϰ dŽƚĂů,ŽƵƐĞŚŽůĚƐϰϯ͕ϬϮϱϰϵ͕ϵϬϰϱϮ͕ϯϲϰϱϳ͕ϬϴϬϲϱ͕ϮϰϮϲϴ͕ϱϵϲ EŽŶͲ&ĂŵŝůǇ,ŽƵƐĞŚŽůĚƐϭϲ͕ϭϳϮϮϬ͕ϰϭϳϮϭ͕ϱϳϭϭϵ͕ϯϴϳϮϯ͕ϵϴϬϮϱ͕ϰϲϬ >ŝǀŝŶŐůŽŶĞϭϮ͕ϵϯϭϭϲ͕Ϯϯϭϭϲ͕ϲϴϯϭϱ͕ϱϮϰϭϵ͕ϬϯϮϭϵ͕ϲϳϴ KƚŚĞƌ;ZŽŽŵŵĂƚĞƐͿϯ͕Ϯϰϭϰ͕ϭϴϲϰ͕ϴϴϴϯ͕ϴϲϯϰ͕ϵϰϴϱ͕ϳϴϭ &ĂŵŝůǇ,ŽƵƐĞŚŽůĚƐϮϲ͕ϴϱϯϮϵ͕ϰϴϳϯϬ͕ϳϵϯϯϳ͕ϲϵϯϰϭ͕ϮϲϮϰϯ͕ϭϯϲ DĂƌƌŝĞĚǁͬŚŝůĚƌĞŶϵ͕ϯϳϲϵ͕ϯϴϰϭϬ͕ϳϮϬϭϯ͕Ϯϴϳϭϯ͕ϯϭϰϭϰ͕ϵϲϮ DĂƌƌŝĞĚǁͬŽŚŝůĚƌĞŶϭϭ͕ϴϳϳϭϯ͕ϯϮϱϭϯ͕ϳϲϳϭϳ͕Ϯϱϴϭϵ͕ϮϴϱϮϬ͕ϮϮϬ KƚŚĞƌ&ĂŵŝůǇϱ͕ϲϬϬϲ͕ϳϳϴϲ͕ϯϬϲϳ͕ϭϰϴϴ͕ϲϲϯϳ͕ϵϱϱ ŚĂŶŐĞ;ϮϬϭϬͲϮϬϮϰͿZŽĐŚĞƐƚĞƌWƌŝŵĂƌǇDĂƌŬĞƚƌĞĂ EŽ͘WĐƚ͘EŽ͘WĐƚ͘ dŽƚĂů,ŽƵƐĞŚŽůĚƐϵ͕ϯϯϵϮϭ͘ϳйϭϭ͕ϱϭϲϮϬ͘Ϯй EŽŶͲ&ĂŵŝůǇ,ŽƵƐĞŚŽůĚƐϱ͕ϯϵϵϯϯ͘ϰйϲ͕Ϭϳϯϯϭ͘ϯй >ŝǀŝŶŐůŽŶĞϯ͕ϳϱϮϮϵ͘Ϭйϰ͕ϭϱϰϮϲ͘ϴй KƚŚĞƌ;ZŽŽŵŵĂƚĞƐͿϭ͕ϲϰϳϱϬ͘ϴйϭ͕ϵϭϴϰϵ͘ϳй &ĂŵŝůǇ,ŽƵƐĞŚŽůĚƐϯ͕ϵϰϬϭϰ͘ϳйϱ͕ϰϰϯϭϰ͘ϰй DĂƌƌŝĞĚǁͬŚŝůĚƌĞŶϭ͕ϯϰϰϭϰ͘ϯйϭ͕ϲϳϱϭϮ͘ϲй 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ƚŚĞŵĂũŽƌƚƌĂŶƐƉŽƌƚĂƚŝŽŶĐŽƌƌŝĚŽƌƐǁŚĞƌĞƚŚĞƌĞĂƌĞůĂƌŐĞĐŽŶĐĞŶƚƌĂƚŝŽŶƐŽĨĞǆŝƐƚŝŶŐďƵƐŝͲ ŶĞƐƐĞƐĂŶĚĐŽŶǀĞŶŝĞŶƚĨƌĞĞǁĂǇĂĐĐĞƐƐ͘ /ŶEŽǀĞŵďĞƌϮϬϮϯ͕ƚŚĞDĂǇŽůŝŶŝĐĂŶŶŽƵŶĐĞĚĂΨϱďŝůůŝŽŶĞǆƉĂŶƐŝŽŶƚŽŝƚƐZŽĐŚĞƐƚĞƌĂŵͲ x ƉƵƐ͘dŚĞĞǆƉĂŶƐŝŽŶƉůĂŶƐŝŶĐůƵĚĞĨŝǀĞŶĞǁďƵŝůĚŝŶŐƐǁŝƚŚϮ͘ϰŵŝůůŝŽŶƐƋƵĂƌĞĨĞĞƚŽĨƐƉĂĐĞ͘ dŚĞƌĞǁŝůůďĞƐƵďƐƚĂŶƚŝĂůĞŵƉůŽǇŵĞŶƚŽƉƉŽƌƚƵŶŝƚŝĞƐďƵƚĚĞƚĂŝůĞĚƚŝŵŝŶŐŝƐƐƚŝůůŝŶƉůĂŶŶŝŶŐĂƚ ƚŚŝƐƚŝŵĞ͘ ZĞƐŝĚĞŶƚŵƉůŽǇŵĞŶƚ dĂďůĞͲϴƐŚŽǁƐŝŶĨŽƌŵĂƚŝŽŶŽŶƚŚĞƌĞƐŝĚĞŶƚůĂďŽƌĨŽƌĐĞĂŶĚĞŵƉůŽǇŵĞŶƚŝŶZŽĐŚĞƐƚĞƌ͕ KůŵƐƚĞĚŽƵŶƚǇĂŶĚDŝŶŶĞƐŽƚĂ͘dŚĞĚĂƚĂŝƐƐŽƵƌĐĞĚĨƌŽŵƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨŵͲ ƉůŽǇŵĞŶƚĂŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚ;Ϳ͘ZĞƐŝĚĞŶƚĞŵƉůŽǇŵĞŶƚĚĂƚĂƌĞǀĞĂůƐƚŚĞǁŽƌŬ ĨŽƌĐĞĂŶĚŶƵŵďĞƌŽĨĞŵƉůŽǇĞĚƉĞŽƉůĞůŝǀŝŶŐŝŶƚŚĞĂƌĞĂ͘EŽƚĂůůƚŚĞƐĞŝŶĚŝǀŝĚƵĂůƐŶĞĐĞƐƐĂƌŝůǇ ǁŽƌŬŝŶƚŚĞĂƌĞĂ͘dŚĞĨŽůůŽǁŝŶŐĂƌĞŬĞǇƉŽŝŶƚƐĨƌŽŵƚŚĞƚĂďůĞ͗ ƐŽĨϮϬϭϬ͕ƚŚĞůĂďŽƌĨŽƌĐĞŝŶKůŵƐƚĞĚŽƵŶƚǇǁĂƐϴϭ͕ϭϵϳ͕ĂŶĚĞŵƉůŽǇŵĞŶƚǁĂƐϳϲ͕ϱϴϯ͕ĨŽƌ x ĂŶƵŶĞŵƉůŽǇŵĞŶƚƌĂƚĞŽĨϱ͘ϵй͘dŚĞĞĐŽŶŽŵǇǁĂƐƐƚŝůůƌĞĐŽǀĞƌŝŶŐĨƌŽŵƚŚĞŐƌĞĂƚƌĞĐĞƐƐŝŽŶ͕ ĂŶĚĂĨƚĞƌϮϬϭϭƚŚĞƌĞǁĂƐĂƌĞĐŽƌĚƐĞƚƚŝŶŐϭϮϬͲŵŽŶƚŚƌƵŶŽĨƉŽƐŝƚŝǀĞĞĐŽŶŽŵŝĐŐƌŽǁƚŚƚŚĂƚ ĞŶĚĞĚŝŶDĂƌĐŚϮϬϮϬǁŝƚŚƚŚĞŽŶƐĞƚŽĨƚŚĞŽǀŝĚͲϭϵƉĂŶĚĞŵŝĐ͘ ƵƌŝŶŐƚŚĞϮϬϭϬƐ͕ƚŚĞƵŶĞŵƉůŽǇŵĞŶƚƌĂƚĞŝŶKůŵƐƚĞĚŽƵŶƚǇƌĞĂĐŚĞĚϮ͘ϵйŝŶϮϬϭϱĂŶĚǁĂƐ x ĂƚŽƌďĞůŽǁϯ͘ϬйďĞƚǁĞĞŶϮϬϭϲĂŶĚϮϬϮϬ͕ŚŽǁĞǀĞƌƚŚĞůŽǁĞƐƚƵŶĞŵƉůŽǇŵĞŶƚƌĂƚĞǁĂƐ ϭ͘ϱйŝŶϮϬϮϮ͕ĐŽŵŝŶŐŽƵƚŽĨƚŚĞϮϬϮϬƉĂŶĚĞŵŝĐ͘ Dy&/>Z^Z,EKE^h>d/E' Dƌ͘DĂƌƐŚĂůů͘:ĂĐŬƐŽŶ:ƵŶĞϮϰ͕ϮϬϮϰ D:ĞǀĞůŽƉŵĞŶƚŽƌƉ͘WĂŐĞϭϴ tŝƚŚƚŚĞŽǀŝĚͲϭϵƉĂŶĚĞŵŝĐĂƌƌŝǀŝŶŐŝŶDĂƌĐŚϮϬϮϬ͕ƚŚĞƵŶĞŵƉůŽǇŵĞŶƚƌĂƚĞŝŶKůŵƐƚĞĚ x ŽƵŶƚǇŝŶĐƌĞĂƐĞĚĨƌŽŵϮ͘ϳйŝŶDĂƌĐŚϮϬϮϬƚŽϲ͘ϵйŝŶƉƌŝůϮϬϮϬ͕ĂŶĚƉĞĂŬĞĚĂƚϵ͘ϴйŝŶ DĂǇϮϬϮϬ͕ĂŶĚĂƐŽĨDĂƌĐŚϮϬϮϰ͕ŝƐĂƚϮ͘Ϭй͘dŚĞƵŶĞŵƉůŽǇŵĞŶƚƌĂƚĞŝŶDŝŶŶĞƐŽƚĂŝƐϯ͘Ϯй ĂƐŽĨDĂƌĐŚϮϬϮϰ͘ d>Ͳϴ >KZ&KZEZ^/EdDW>KzDEddZE^ WZ/DZzDZ<dZ ϮϬϬϬdKDZ,ϮϬϮϰ ZŽĐŚĞƐƚĞƌKůŵƐƚĞĚŽƵŶƚǇDŝŶŶĞƐŽƚĂ >ĂďŽƌŵƉůŽǇĞĚh>ĂďŽƌŵƉůŽǇĞĚh>ĂďŽƌŵƉůŽǇĞĚh zĞĂƌ&ŽƌĐĞZĞƐŝĚĞŶƚƐZĂƚĞ&ŽƌĐĞZĞƐŝĚĞŶƚƐZĂƚĞ&ŽƌĐĞZĞƐŝĚĞŶƚƐZĂƚĞ ϮϬϮϰDĂƌ͘ϲϵ͕ϱϰϮϲϴ͕ϭϰϵϮ͘Ϭйϵϯ͕ϰϳϯϵϭ͕ϰϰϵϮ͘Ϯйϯ͕ϭϬϯ͕Ϭϰϲϯ͕ϬϬϱ͕ϭϭϯϯ͘Ϯй ϮϬϮϯϲϴ͕ϰϮϮϲϲ͕ϵϵϭϮ͘ϭйϵϭ͕ϴϱϴϴϵ͕ϴϵϰϮ͘ϭйϯ͕Ϭϵϵ͕ϵϮϮϯ͕ϬϭϮ͕ϳϬϳϮ͘ϴй ϮϬϮϮϲϴ͕ϱϮϬϲϳ͕Ϯϵϲϭ͘ϴйϵϭ͕ϲϵϳϵϬ͕ϯϬϰϭ͘ϱйϯ͕Ϭϳϳ͕ϱϬϬϮ͕ϵϵϰ͕ϵϭϵϮ͘ϳй ϮϬϮϭϲϲ͕ϴϵϴϲϰ͕ϵϲϯϮ͘ϵйϴϵ͕ϲϵϳϴϳ͕ϭϳϯϮ͘ϴйϯ͕Ϭϯϵ͕ϯϮϮϮ͕ϵϮϰ͕ϭϰϳϯ͘ϴй ϮϬϮϬϲϴ͕ϲϭϬϲϰ͕ϲϴϬϱ͘ϳйϴϴ͕ϱϲϯϴϰ͕ϬϲϬϱ͘ϭйϯ͕Ϭϵϰ͕ϳϬϭϮ͕ϵϬϯ͕ϱϲϭϲ͘Ϯй 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Dy&/>Z^Z,EKE^h>d/E' Dƌ͘DĂƌƐŚĂůů͘:ĂĐŬƐŽŶ:ƵŶĞϮϰ͕ϮϬϮϰ D:ĞǀĞůŽƉŵĞŶƚŽƌƉ͘WĂŐĞϮϭ ^ĞůĞĐƚDĂƌŬĞƚZĂƚĞƉĂƌƚŵĞŶƚĞǀĞůŽƉŵĞŶƚƐ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚĐŽŵƉŝůĞĚĚĞƚĂŝůĞĚŝŶĨŽƌŵĂƚŝŽŶĨŽƌĂƐĞůĞĐƚŐƌŽƵƉŽĨƚŚĞŶĞǁĞƐƚŵĂƌŬĞƚƌĂƚĞ ĂƉĂƌƚŵĞŶƚƉƌŽƉĞƌƚŝĞƐƚŚĂƚǁŽƵůĚĐŽŵƉĞƚĞĞŝƚŚĞƌĚŝƌĞĐƚůǇŽƌŝŶĚŝƌĞĐƚůǇǁŝƚŚŵĂƌŬĞƚƌĂƚĞŐĞŶĞƌĂů ŽĐĐƵƉĂŶĐǇƵŶŝƚƐŽŶƚŚĞƐƵďũĞĐƚƉƌŽƉĞƌƚǇ͘tĞĐŽŶƐŝĚĞƌƚŚĞŶĞǁĞƐƚƉƌŽƉĞƌƚŝĞƐŝŶƚŚĞWDƚŽďĞ ŵŽƐƚĚŝƌĞĐƚůǇĐŽŵƉĞƚŝƚŝǀĞǁŝƚŚƚŚĞƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚĐŽŵŵĂŶĚŝŶŐƌĞŶƚƉƌĞŵŝƵŵƐ͘ ĂƚĂŽŶƚŚĞƐĞĐŽŵƉĞƚŝƚŝǀĞƉƌŽƉĞƌƚŝĞƐŝƐƉƌĞƐĞŶƚĞĚŝŶdĂďůĞDͲϮ͘dĂďůĞDͲϯƐƵŵŵĂƌŝǌĞƐƚŚĞƐĞͲ ůĞĐƚĚĞǀĞůŽƉŵĞŶƚƐŝŶƚŚĞWD͘dŚĞƌĞŶƚƐƐŚŽǁŶƌĞƉƌĞƐĞŶƚƋƵŽƚĞĚƌĞŶƚĂůƌĂƚĞƐĂŶĚŚĂǀĞŶŽƚ ďĞĞŶĂĚũƵƐƚĞĚƚŽŝŶĐůƵĚĞŽƌĞǆĐůƵĚĞƵƚŝůŝƚŝĞƐ͘dŚĞƉĞƌƐƋƵĂƌĞĨŽŽƚĂǀĞƌĂŐĞƌĞŶƚƐƌĞĨůĞĐƚĂ ǁĞŝŐŚƚĞĚĂǀĞƌĂŐĞďĂƐĞĚŽŶƚŚĞŶƵŵďĞƌŽĨƵŶŝƚƐŝŶĞĂĐŚĚĞǀĞůŽƉŵĞŶƚ͘dŚĞƌĞĨŽƌĞ͕ĚĞǀĞůŽƉͲ ŵĞŶƚƐǁŝƚŚĂůĂƌŐĞƌŶƵŵďĞƌŽĨƵŶŝƚƐŽĨĂŶǇŽŶĞƚǇƉĞĐŽŶƚƌŝďƵƚĞŵŽƌĞƚŽǁĂƌĚƚŚĞĂǀĞƌĂŐĞƚŚĂŶ ƚŚŽƐĞǁŝƚŚŽŶůǇĂĨĞǁƵŶŝƚƐŽĨĂƐƉĞĐŝĨŝĐƚǇƉĞ͘ ƚŽƚĂůŽĨϭ͕ϵϳϳƵŶŝƚƐŝƐƌĞƉƌĞƐĞŶƚĞĚĂŵŽŶŐϭϰŽĨƚŚĞŶĞǁĞƐƚŵĂƌŬĞƚƌĂƚĞĚĞǀĞůŽƉŵĞŶƚƐŝŶ x ƚŚĞWƌŝŵĂƌǇDĂƌŬĞƚƌĞĂ͘dŚĞƉƌŽƉĞƌƚŝĞƐĂƌĞƉƌŝŵĂƌŝůǇƵƌďĂŶŝŶĐŚĂƌĂĐƚĞƌĂŶĚĂůůǁĞƌĞďƵŝůƚ ŝŶϮϬϭϲŽƌůĂƚĞƌ͘tĞĐŽŶƐŝĚĞƌƚŚĞƐĞƉƌŽƉĞƌƚŝĞƐƚŽďĞƚŚĞŵŽƐƚƌĞůĞǀĂŶƚƐĂŵƉůĞŽĨŵĂƌŬĞƚ ƌĂƚĞƉƌŽƉĞƌƚŝĞƐĚƵĞƚŽƚŚĞŝƌƉƌŽǆŝŵŝƚǇƚŽƚŚĞƐƵďũĞĐƚƉƌŽƉĞƌƚǇ͕ƚŚĞŝƌĂŐĞƐ͕ƚŚĞŝƌƐŝǌĞƐĂŶĚ ƚŚĞŝƌƌĞŶƚƐƚƌƵĐƚƵƌĞƐ͘ ŵŽŶŐƚŚĞƐƚĂďŝůŝǌĞĚƉƌŽƉĞƌƚŝĞƐ͕ƚŚĞƌĞĂƌĞϰϰǀĂĐĂŶƚƵŶŝƚƐ͕ĨŽƌĂǀĂĐĂŶĐǇƌĂƚĞŽĨϯ͘ϭй͕ǁŚŝĐŚ x ŝƐŵŽĚĞƐƚůǇďĞůŽǁĞƋƵŝůŝďƌŝƵŵ;ϱ͘ϬйǀĂĐĂŶĐǇͿ͕ǁŚŝĐŚƐƵŐŐĞƐƚƐƚŚĞƌĞŝƐƉĞŶƚƵƉĚĞŵĂŶĚŝŶ ƚŚĞŵĂƌŬĞƚƉůĂĐĞ͘ŵŽŶŐƉƌŽƉĞƌƚŝĞƐŝŶůĞĂƐĞͲƵƉ͕ƚŚĞƌĞǁĞƌĞϮϯϴǀĂĐĂŶĐŝĞƐ͕ĨŽƌĂǀĂĐĂŶĐǇ ƌĂƚĞŽĨϰϯ͘ϴй͘ Dy&/>Z^Z,EKE^h>d/E' ͕ϮϬϮϰWĂŐĞϮϮ ϱ :ƵŶĞϮ ,ĂƐϲϬйD/͕ϴϬйD/ĂŶĚDĂƌŬĞƚZĂƚĞhŶŝƚƐ͘ZĞŶƚƐƐŚŽǁŶĂƌĞĨŽƌDĂƌŬĞƚZĂƚĞhŶŝƚƐ͘^ƚƵĚŝŽƵŶŝƚƐĂƌĞĂůůĂĨĨŽƌĚĂďůĞ͕ĂŶĚŽŶĞͲ ΨϮ͘ϯϲΨϮ͘ϬϰΨϮ͘ϲϬΨϭ͘ϵϴΨϭ͘ϲϴΨϮ͘ϰϰΨϮ͘ϴϰΨϮ͘ϮϴΨϭ͘ϵϳΨϭ͘ϳϬΨϯ͘ϰϴΨϮ͘ϮϰΨϭ͘ϰϰΨϮ͘ϯϰΨϮ͘ϵϬΨϮ͘ϴϲ ΨϮ͘ϮϯΨϭ͘ϵϮΨϭ͘ϳϭΨϮ͘ϬϯΨϭ͘ϲϭΨϭ͘ϰϮΨϮ͘ϭϯΨϮ͘ϰϮΨϭ͘ϱϯΨϭ͘ϰϭΨϭ͘ϱϵΨϭ͘ϱϱΨϮ͘ϲϱΨϮ͘ϳϭΨϮ͘ϬϱΨϮ͘ϱϵΨϮ͘ϲϮΨϮ͘ϭϱΨϮ͘ϯϮΨϮ͘ϳϵ WĞƌ^Ƌ&ƚ͘ ZĞŶƚ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ ͲͲͲͲͲͲͲ Ψϭ͕ϮϭϱΨϭ͕ϭϳϮΨϮ͘ϬϳΨϭ͕ϰϬϱΨϭ͕ϯϬϴΨϭ͘ϴϰΨϭ͕ϳϬϬΨϭ͕ϲϵϯΨϭ͘ϱϰΨϭ͕ϲϬϱΨϭ͕ϱϮϬΨϮ͘ϯϲΨϭ͕ϴϮϱΨϭ͕ϴϮϱΨϮ͘ϬϰΨϭ͕ϵϭϱΨϭ͕ϵϭϬΨϮ͘ϬϬΨϭ͕ϮϭϬΨϭ͕ϭϵϱΨϮ͘ϱϳΨϭ͕ϰϵϬΨϭ͕ϰϮϬΨϭ͘ϵϴΨϭ͕ϲϮϮΨϭ͕ϱϱϲΨϭ͘ϵϴΨϭ͕ϴϵϵΨϭ͕ϴϮϰΨϭ͘ϲϴΨϭ͕ϰϲϵΨϭ͕ϰϲϵΨϮ͘ϰϰΨϮ͕ϯϲϳΨϮ͕ϯϲϳ ΨϮ͘ϮϴΨϭ͕ϴϯϭΨϭ͕ϲϭϲΨϭ͘ϰϳΨϭ͕ϵϳϯΨϭ͕ϵϯϮΨϭ͘ϯϳΨϱ͕ϭϱϳΨϰ͕ϳϭϮΨϮ͘ϭϳΨϯ͕ϰϯϬΨϯ͕ϰϯϬΨϭ͘ϰϰΨϯ͕ϰϳϭΨϯ͕ϱϭϯΨϮ͘ϯϰΨϱ͕ϮϱϬΨϱ͕ϮϱϬΨϮ͘ϵϬΨϭ͕ϲϳϴΨϭ͕ϱϳϳΨϮ͘ϴϲ ΨϮ͕ϱϱϱΨϮ͕ϱϱϱΨϭ͘ϲϭΨϮ͕ϴϵϬΨϮ͕ϴϵϬΨϭ͘ϰϮΨϭ͕ϴϭϯΨϭ͕ϳϯϴΨϮ͘ϰϮΨϭ͕ϭϯϬΨϭ͕ϭϮϱΨϮ͘ϬϱΨϭ͕ϯϵϴΨϭ͕ϮϵϱΨϭ͘ϵϮΨϭ͕ϲϭϬΨϭ͕ϲϭϬΨϭ͘ϰϭΨϭ͕ϴϵϬΨϭ͕ϴϲϵΨϭ͘ϱϱΨϮ͕ϭϲϬΨϮ͕ϭϲϬΨϭ͘ϱϱΨϭ͕ϵϰϭΨϭ͕ϰϮϯΨϮ͘ϭϮΨϭ͕ϵϲϬΨϭ͕ϴϱϬΨϮ͘ϲϮΨϮ͕ϯϳϴΨϮ͕ϯϲϭΨϮ͘ϳϭΨϮ͕ϴϭϴΨϮ͕ϰϱϲ ΨϮ͘ϭϱΨϯ͕ϭϴϵΨϮ͕ϵϭϱΨϮ͘ϬϱΨϰ͕ϵϭϬΨϰ͕ϵϭϬΨϮ͘ϲϮΨϱ͕ϬϲϯΨϱ͕ϬϲϯΨϮ͘ϭϱΨϭ͕ϮϵϱΨϭ͕ϮϮϳΨϮ͘ϮϵΨϮ͕ϱϵϵΨϮ͕ϭϮϱΨϮ͘ϯϯ ZĞŶƚ ǀŐ DŽŶƚŚůǇZĞŶƚ ,ŝŐŚ Ͳ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ Ͳ >Žǁ Ψϭ͕ϭϮϴΨϭ͕ϮϭϬϭ͕ϭϬϳΨϭ͕ϲϴϲϮ͕ϬϯϬΨϮ͕ϴϵϬΨϭ͕ϭϴϬΨϭ͕ϰϵϬϭ͕ϬϯϴΨϮ͕ϯϲϳΨϭ͕ϭϮϬϭ͕ϬϳϵΨϭ͕ϰϬϬϭ͕ϰϰϬΨϭ͕ϴϵϬϭ͕ϭϰϭΨϭ͕ϲϭϬϭ͕ϭϵϬΨϭ͕ϴϰϴϭ͕ϯϵϴΨϮ͕ϭϲϬΨϵϬϰΨϭ͕ϳϰϬΨϮ͕ϯϰϰϭ͕ϮϱϴΨϮ͕Ϭϵϰϭ͕ϲϭϭΨϮ͕ϲϰϬϭ͕ϵϴϴΨϰ͕ϮϲϳϮ͕ϯϵϬΨϯ͕ϰϯϬϭ͕ϲϴϳΨϯ͕ϱϱϰϭ͕ϴϳϲΨϰ͕ϵϭ Ϭϭ͕ϴϬϴΨϱ͕ϮϱϬΨϭ͕ϲϱϬ Ψϭ͕ϰϯϱΨϭ͕ϴϮϱΨϭ͕ϵϬϱϭ͕ϱϴϰΨϮ͕ϱϱϱΨϭ͕ϯϰϵϭ͕ϭϯϮΨϭ͕ϳϰϵΨϭ͕ϰϲϵΨϭ͕ϲϲϮΨϭ͕ϭϵϭϮ͕ϯϱϮΨϱ͕ϬϲϯΨϭ͕ϭϱϵΨϭ͕ϰϳϱ ^>dDZ<dZd'EZ>KhWEzZEd>s>KWDEd^ ,ŝŐŚ hŶŝƚ^ŝǌĞ ϰϲϲϳϰϴϱϱϬϳϭϬϱϱϴϳϰϬϵϴϳ ϱϰϱϳϯϯϲϴϯϴϵϱϵϱϵϳϱϭϴϭϵϲϬϮϱϱϵϲϯϯϵϯϯ ^ƚĂďůŝǌĞĚKĐĐƵƉĂŶĐǇEĞǁĞƌŽŶƐƚƌƵĐƚŝŽŶ Ͳ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ Ͳ >Žǁ ϲϱϲϵϴϳϲϬϴϵϰϬϭ͕ϱϴϰϮ͕ϬϯϬϭ͕ϬϯϴϲϮϬϭ͕Ϯϯϳϭ͕ϭϵϬϭ͕ϯϵϴϰϮϳϵϳϲZнϭ͕Ϯϴϲϭ͕ϵϲϴZͬWĞŶƚ͘Ϯ͕ϯϵϬϭ͕ϱϭϲZнϭ͕ϴϳϲZͬWĞŶƚ͘ϭ͕ϴϬϴϱϬϳ ϱϰϱϴϵϱϰϱϵϲϯϯϳϱϭϭ͕ϬϯϵϲϬϮϱϴϱϰϲϮϵϱϯϭ͕ϭϰϭϲϲϱϴϲϱϮ͕ϯϱϮϱϭϱϳϬϵ WZ/DZzDZ<dZ ͲͲͲͲͲͲŽŶƚŝŶƵĞĚͲͲͲͲͲͲͲ /ŶŝƚŝĂů>ĞĂƐĞͲƵƉ d>DͲϮ :hEϮϬϮϰ Zd,Zd,Zd,Zd, ZнZнZн ƚƵĚŝŽƚƵĚŝŽƚƵĚŝŽƚƵĚŝŽƚƵĚŝŽƚƵĚŝŽ hŶŝƚDŝǆ dǇƉĞ ZZZZZZZZZZZZZZZZZZZ ϭϮϯϭϭϮϮϮϯϯϯ ^ϭϮϭϮ^ϭϮ^ϭϮ^ϭϮϯϭϮϯ^ϭϮϯ^ϭϮ Ͳ ͲͲͲͲͲͲͲͲͲͲͲϵͲͲϯͲͲͲͲͲͲͲͲͲͲϮͲϮͲϵͲϭͲϮͲϰͲͲͲϳͲ Ͳ ϰϰϲϴϭϲϲϰϭϳϰϴϲϲϯϬϰϴϱϳϳϴϭϮϬϭϳϵϬ EŽ͘ϰϯϱϯϭϭϱϭϵϭϵϭϭϭϱϲϱϱϵϮϮϮϭϮϮ ϰ dŽƚĂůhŶŝƚƐ ƚĂůsĂĐ͘ ϰϬ͘ϳйϱϰ͘ϵйϯϰ͘ϯйϭϭ͘ϭй ϭ͘ϰйϮ͘ϱйϰ͘ϬйϮ͘Ϭй ϮϬϮϯϭϰϬϮϬϮϯϮϯϳϮϬϮϯϭϰϬϮϬϭϴϭϮϬϮϬϮϭϯϰϳ ϮϬϭϲϮϬϵ ƵŐ͘ϭϯϬ ϮϬϮϯϮϳϮϬϮϬϱϬ ϱϳKĐƚ͘ϰϴϭϰ ϯϯϯϭ dŽ zĞĂƌ Ƶŝůƚ EŽǀ͘ :ĂŶ͘ Dy&/>Z^Z,EKE^h>d/E' ϮϳϭϮŽŵŵĞƌĐĞƌŝǀĞEt ϯϬϰϯdŽǁŶĞůƵďWŬǁǇ ϲϲϯϱ>ŽĚŐĞsŝĞǁZĚEt ϰϰϬϬZĞĚŚĂǁŬƌŝǀĞ^ dŚĞ>ŽĚŐĞĂƚKǀĞƌůĂŶĚ ĞŶĂŝĂŚŽŶƌŽĂĚǁĂǇ D:ĞǀĞůŽƉŵĞŶƚŽƌƉ͘ ϴϭϬƌŽĂĚǁĂǇǀĞE Dƌ͘DĂƌƐŚĂůů͘:ĂĐŬƐŽŶ dĞĐŚŶŽůŽŐǇWĂƌŬ// /Ŷ/ŶŝƚŝĂů>ĞĂƐĞͲƵƉ/Ŷ/ŶŝƚŝĂů>ĞĂƐĞͲƵƉ/Ŷ/ŶŝƚŝĂů>ĞĂƐĞͲƵƉ/Ŷ/ŶŝƚŝĂů>ĞĂƐĞͲƵƉ ϮϭϳϭϰƚŚǀĞ^t ϯϯϰϱϰϭƐƚ^ƚEt ĂƐƚǁŽŽĚZŝĚŐĞ ZŽĐŚĞƐƚĞƌ͕DEZŽĐŚĞƐƚĞƌ͕DE &ĂůĐŽŶ,ĞŝŐŚƚƐ WƌŽũĞĐƚEĂŵĞ dŚĞĞƌŬŵĂŶ ϯϯϰƚŚ^ƚ^t ^ŽŶŐŚŝůůͲϰϭ ZŽĐŚĞƐƚĞƌ ZŽĐŚĞƐƚĞƌZŽĐŚĞƐƚĞƌZŽĐŚĞƐƚĞƌZŽĐŚĞƐƚĞƌZŽĐŚĞƐƚĞƌ ^ƵďƵƌďĂŶ^ƵďƵƌďĂŶ^ƵďƵƌďĂŶ^ƵďƵƌďĂŶ^ƵďƵƌďĂŶ hƌďĂŶhƌďĂŶhƌďĂŶ ,ƵĞ ͕ϮϬϮϰWĂŐĞϮϯ ϱ :ƵŶĞϮ Ψϯ͘ϮϰΨϮ͘ϯϮΨϮ͘ϯϯΨϮ͘Ϭϯ ΨϮ͘ϳϭΨϮ͘ϮϴΨϮ͘ϭϴΨϮ͘ϮϴΨϮ͘ϱϬΨϮ͘ϮϬΨϭ͘ϴϰΨϮ͘ϯϵΨϮ͘ϭϰΨϮ͘ϲϵΨϮ͘ϰϳΨϮ͘ϯϯΨϮ͘ϮϴΨϰ͘ϭϱΨϯ͘ϴϰΨϯ͘ϰϳΨϮ͘ϬϬΨϮ͘ϰϵΨϮ͘ϬϱΨϮ͘ϲϮΨϮ͘ϰϯΨϮ͘Ϭϱ WĞƌ^Ƌ&ƚ͘ ZĞŶƚ ͲͲͲͲͲͲͲͲͲͲͲ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ Ψϭ͕ϰϵϱΨϭ͕ϰϰϱΨϮ͘ϳϲΨϭ͕ϱϮϱΨϭ͕ϱϭϬΨϮ͘ϮϴΨϮ͕ϭϵϱΨϮ͕ϬϭϬΨϮ͘ϬϳΨϮ͕ϯϵϱΨϮ͕ϯϰϱΨϭ͘ϵϰ Ψϭ͕ϱϱϬΨϭ͕ϰϲϯΨϮ͘ϳϭΨϭ͕ϳϮϱΨϭ͕ϰϴϵΨϮ͘ϬϭΨϮ͕ϯϲϯΨϮ͕ϮϯϮΨϮ͘ϭϴΨϯ͕ϮϬϬΨϯ͕ϬϳϱΨϮ͘ϮϴΨϭ͕ϮϲϭΨϭ͕ϮϲϭΨϮ͘ϱϬΨϭ͕ϲϬϬΨϭ͕ϱϳϱΨϮ͘ϮϬΨϮ͕ϬϭϴΨϮ͕ϬϭϴΨϭ͘ϴϰΨϭ͕ϮϲϯΨϭ͕ϮϱϳΨϮ͘ϯϵΨϭ͕ϰϱϬΨϭ͕ϰϮϱΨϮ͘ϭϰΨϭ͕ϲϴϱΨϭ͕ϲϭϯΨϮ͘ϲϵΨϭ͕ϳϳϱΨϭ͕ϳϱϬΨϮ͘ϰϳΨϮ͕ϲϬϬΨϮ͕ϱϳϯ ΨϮ͘ϯϯϭ͕ϳϵϬΨϰ͕ϬϳϳΨϰ͕ϬϳϳΨϰ͕ϬϳϳΨϮ͘ϮϴΨϮ͕ϰϱϯΨϮ͕ϯϵϬΨϰ͘ϬϲΨϮ͕ϴϭϮΨϮ͕ϳϰϲΨϯ͘ϴϰΨϰ͕ϭϭϴΨϯ͕ϵϱϳΨϯ͘ϰϳΨϮ͕ϰϮϵΨϭ͕ϴϲϯΨϮ͘ϬϬΨϰ͕ϮϵϲΨϮ͕ϵϵϲΨϮ͘ϬϴΨϯ͕ϱϰϵΨϯ͕ϮϳϱΨϭ͘ϳϰΨϭ͕ϯϵϬΨϭ͕ϯϭϱΨϮ͘ϯϰΨϭ͕ϲϴϬΨϭ͕ϱϬϰΨϭ͘ϵϮΨϮ͕ϯϱϬΨϭ͕ϵϳϮΨϭ͘ϯϵ ZĞŶƚ ǀŐ DŽŶƚŚůǇ ZĞŶƚ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ ͲͲͲ ͲͲͲͲͲͲ Ψϭ͕ϯϵϱΨϭ͕ϰϵϱϭ͕ϬϲϬΨϭ͕ϴϮϱϭ͕ϭϴϮΨϮ͕Ϯϵϱ ϭ͕ϭϮϵΨϮ͕ϭϬϬϭ͕ϰϭϳΨϮ͕ϵϱϬϭ͕ϭϲϳΨϮ͕Ϭϭϴϭ͕ϮϰϱΨϮ͕ϱϰϱϭ͕ϮϬϭΨϯ͕ϳϵϱϭ͕ϮϯϮΨϭ͕Ϯϵϲϭ͕ϳϮϯΨϭ͕ϲϵϲϭ͕ϳϯϱΨϯ͕ϬϬϬϭ͕ϭϰϳΨϭ͕ϱϵϯ Ψϭ͕ϯϳϱΨϭ͕ϮϱϮΨϭ͕ϮϲϭΨϭ͕ϱϱϬΨϭ͕ϮϱϬΨϭ͕ϰϬϬΨϭ͕ϱϰϬΨϭ͕ϳϮϱΨϮ͕ϯϮϲΨϮ͕ϲϴϬΨϭ͕ϮϯϵΨϭ͕ϯϮϳ ^>dDZ<dZd'EZ>KhWEzZEd>s>KWDEd^ hŶŝƚ^ŝǌĞ ϱϳϴϳϱϴϲϳϯϵϬϰϱϱϭϴϰϭϲϵϴϴϰϰϱϵϭϳϰϯϱϯϬϲϵϬϱϰϭϲϱϲ ^ƚĂďůŝǌĞĚKĐĐƵƉĂŶĐǇEĞǁĞƌŽŶƐƚƌƵĐƚŝŽŶ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ ͲͲͲͲͲͲ ϱϬϳϲϮϯϵϲϱϮZнϭ͕ϮϵϱϱϬϰϳϬϱϱϮϰϲϱϱϱϳϯϲϵϴϱϳϯϲϵϴϲϰϵϴϭϳϱϯϬϲϵϬϰϯϭϲϱϲϳϴϯϭ͕ϭϴϮ ϭ͕ϬϵϲϭϬϵϯϮZͬWĞŶƚ͘ϭϳϵϬϭϬϵϯϭϳϮϯϭ͕ϭϰϳ WZ/DZzDZ<dZ d>DͲϮŽŶƚŝŶƵĞĚ ^ƚƵĚŝŽ&ƵƌŶ͘ :hEϮϬϮϰ ϭZ&ƵƌŶ͘ϮZ&ƵƌŶ͘ ϭZн ^ƚƵĚŝŽ ^ƚƵĚŝŽ^ƚƵĚŝŽ^ƚƵĚŝŽ^ƚƵĚŝŽ^ƚƵĚŝŽ ϭ͕ϵϳϳϮϴϮϭϰ͘ϯй ϱϰϰϮϯϴϰϯ͘ϴй hŶŝƚDŝǆdǇƉĞ ϭ͕ϰϯϯϰϰϯ͘ϭй ϭZϮZϭZϮZϭZϭZϮZϮZϭZϮZ ϭZϭZϮZϯZ ϵͲϯͲϴͲϮͲϱͲϱͲ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ ͲϮͲ ͲͲ ϯϱϭϭϭϰ EŽ͘ϮϰϯϳϱϳϲϰϭϮϭϰϮϰϱϬϲϮϭϬϴϳϱϬϭϱϰϮϰϱϮϬ dŽƚĂůhŶŝƚƐ dŽƚĂůsĂĐ͘ Ϯ͘ϳйϯ͘ϭйϱ͘ϳйϯ͘ϯйϬ͘Ϭй ϰ͘ϴй ϮϬϭϵϭϮϵϮϬϭϵϭϱϴϮϬϭϵϭϱϮϮϬϭϴϭϬϳ ϮϬϭϴϳϯϮϬϭϵϮϲ ϮϬϭϯϲϮ ϮϰϬϵϱϬ ϯ Ƶŝůƚ zĞĂƌ Dy&/>Z^Z,EKE^h>d/E' >ĞĂƐĞhƉhŶŝƚƐͬsĂĐĂŶĐǇ dŽƚĂůhŶŝƚƐͬsĂĐĂŶĐŝĞƐ ^ƚĂďŝůŝǌĞĚhŶŝƚƐͬsĂĐĂŶĐŝĞƐ ΎΎWƌŝĐŝŶŐĂŶĚǀĂĐĂŶĐǇƌĂƚĞƐĂƌĞƐƵďũĞĐƚƚŽĐŚĂŶŐĞ͘ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐ D:ĞǀĞůŽƉŵĞŶƚŽƌƉ͘ Dƌ͘DĂƌƐŚĂůů͘:ĂĐŬƐŽŶ DĞƚƌŽƉŽůŝƚĂŶDĂƌŬĞƚWůĂĐĞ ZĞƐŝĚĞŶĐĞΛŝƐĐŽǀĞƌǇ^Ƌ͘ dŚĞDĂǀĞŶŽŶƌŽĂĚǁĂǇ ϰϮϱƌŽĂĚǁĂǇǀĞ^ ϱϭϭϯƌĚǀĞ^t ϭϵϯϱϮŶĚ^ƚ^t ϱϭϱϭƐƚǀĞ^t ϰϰϵĞŶƚĞƌ^ƚ ϰϭϮ^ϯƌĚǀĞ ZŽĐŚĞƐƚĞƌ͕DEZŽĐŚĞƐƚĞƌ͕DEZŽĐŚĞƐƚĞƌ͕DEZŽĐŚĞƐƚĞƌ͕DEZŽĐŚĞƐƚĞƌ͕DEZŽĐŚĞƐƚĞƌ͕DE ZŽĐŚĞƐƚĞƌ͕DE ϭϲϮϬĞŶƚĞƌ^ƚ WƌŽũĞĐƚEĂŵĞ ǀĂŶŝ>ŝǀŝŶŐ &ůĂƚƐŽŶϰƚŚ ZŝǀĞƌǁĂůŬ dŚĞ'ƌǇĨĨ hƌďĂŶhƌďĂŶhƌďĂŶhƌďĂŶhƌďĂŶhƌďĂŶ hƌďĂŶ Dƌ͘DĂƌƐŚĂůů͘:ĂĐŬƐŽŶ:ƵŶĞϮϰ͕ϮϬϮϰ D:ĞǀĞůŽƉŵĞŶƚŽƌƉ͘WĂŐĞϮϰ ŶĞƐƚŝŵĂƚĞĚϯϲ͘ϴйŽĨĂůůƐƵƌǀĞǇĞĚƵŶŝƚƐŚĂǀĞŽŶĞďĞĚƌŽŽŵǁŚŝůĞϮϲ͘ϲйŽĨƚŚĞƵŶŝƚƐŚĂǀĞ x ƚǁŽďĞĚƌŽŽŵƐ͘^ƚƵĚŝŽƵŶŝƚƐĂĐĐŽƵŶƚĞĚĨŽƌϮϭ͘ϲй͕ǁŚŝůĞƚŚƌĞĞͲďĞĚƌŽŽŵƵŶŝƚƐĂĐĐŽƵŶƚĞĚĨŽƌ ϱ͘ϵй͘KŶĞͲďĞĚƌŽŽŵƉůƵƐĚĞŶƵŶŝƚƐĂŶĚƚǁŽͲďĞĚƌŽŽŵƉůƵƐĚĞŶƵŶŝƚƐǁĞƌĞϱ͘ϯйĂŶĚϭ͘ϯйŽĨ ƚŚĞŝŶǀĞŶƚŽƌǇ͕ƌĞƐƉĞĐƚŝǀĞůǇ͘dŽǁŶŚŽŵĞƵŶŝƚƐĂƚƚŚĞƐƵƌǀĞǇĞĚĚĞǀĞůŽƉŵĞŶƚƐĂĐĐŽƵŶƚĞĚĨŽƌ ĂďŽƵƚϮ͘Ϯй͘ ,ƵĞŚĂƐƚŚĞŚŝŐŚĞƐƚƌĞŶƚƉĞƌƐƋƵĂƌĞĨŽŽƚĂƚΨϮ͘ϱϱ͘dŚĞƉƌŽƉĞƌƚǇǁŝƚŚƚŚĞůŽǁĞƐƚƌĞŶƚƉĞƌ x ƐƋƵĂƌĞĨŽŽƚŝƐ&ĂůĐŽŶ,ĞŝŐŚƚƐĂŶĚĂƐƚǁŽŽĚsŝůůĂŐĞĂƚΨϭ͘ϲϵ͘dŚĞƉƌŽƉĞƌƚŝĞƐůŽĐĂƚĞĚŝŶƚŚĞ ĐŽƌĞĚŽǁŶƚŽǁŶĚŝƐƚƌŝĐƚĂƌĞĂďůĞƚŽĐŚĂƌŐĞƐŝŐŶŝĨŝĐĂŶƚůǇŚŝŐŚĞƌƌĞŶƚƐƉĞƌƐƋƵĂƌĞĨŽŽƚ͕ĂƐĞǀŝͲ ĚĞŶĐĞĚďǇ,ƵĞ;ΨϮ͘ϱϱͿ͕dŚĞĞƌŬŵĂŶ;ΨϮ͘ϰϬͿ͕ĞŶĂŝĂŚŽŶƌŽĂĚǁĂǇ;ΨϮ͘ϱϬͿ͕&ůĂƚƐŽŶϰ ƚŚ ;ΨϮ͘ϯϬͿ͕ĂŶĚƚŚĞDĂǀĞŶŽŶƌŽĂĚǁĂǇ;ΨϮ͘ϰϯͿ͘ KŶĂƉĞƌƐƋƵĂƌĞĨŽŽƚďĂƐŝƐ͕ƐƵďƵƌďĂŶƉƌŽƉĞƌƚŝĞƐŚĂǀĞĂƌĞŶƚƉĞƌƐƋƵĂƌĞĨŽŽƚŽĨΨϭ͘ϴϯ͕ĐŽŵͲ x ƉĂƌĞĚƚŽƵƌďĂŶƉƌŽƉĞƌƚŝĞƐǁŚŝĐŚŚĂǀĞĂƌĞŶƚƉĞƌƐƋƵĂƌĞĨŽŽƚŽĨΨϮ͘Ϯϴ͕ĂďŽƵƚϮϬйŚŝŐŚĞƌ͘ &ĂĐĞƌĞŶƚƐĂƌĞŵƵĐŚĐůŽƐĞƌ͕ŚŽǁĞǀĞƌ͕ǁŝƚŚĂŶϭϭйĚŝĨĨĞƌĞŶĐĞŝŶĂǀĞƌĂŐĞƌĞŶƚƐ;Ψϭ͕ϳϯϮĨŽƌ ƐƵďƵƌďĂŶǀƐΨϭ͕ϵϰϳŝŶƵƌďĂŶƉƌŽƉĞƌƚŝĞƐͿ͘ d>DͲϯ hE/ddzW^hDDZz ^>d^d/>/DZ<dZdZEd>WZK:d^ :hEϮϬϮϰ DĂƌŬĞƚZĂƚĞhŶŝƚƐ DŽŶƚŚůǇZĞŶƚƐ dŽƚĂůйŽĨtŐƚ͘ǀŐ͘ZĂŶŐĞtŐƚ͘ǀŐ͘tŐƚ͘ǀŐ͘ hŶŝƚdǇƉĞhŶŝƚƐdŽƚĂů^Ƌ͘&ƚ͘>ŽǁͲ,ŝŐŚZĞŶƚZĞŶƚͬ^Ƌ͘&ƚ͘ ^ƚƵĚŝŽϰϮϯϮϭ͘ϲйϱϯϮΨϵϬϰͲΨϭ͕ϵϰϭΨϭ͕ϯϭϯΨϮ͘ϰϳ ϭZϳϮϭϯϲ͘ϴйϳϯϬΨϭ͕ϭϵϭͲΨϮ͕ϰϮϵΨϭ͕ϲϬϴΨϮ͘ϮϬ ϭZнϭϬϯϱ͘ϯйϭ͕ϬϲϰΨϭ͕ϰϵϬͲΨϰ͕ϮϵϲΨϮ͕ϰϯϴΨϮ͘Ϯϵ ϮZϱϮϭϮϲ͘ϲйϭ͕ϬϵϱΨϭ͕ϰϬϬͲΨϯ͕ϱϰϵΨϮ͕ϬϲϵΨϭ͘ϴϵ ϮZнϮϱϭ͘ϯйϭ͕ϰϯϳΨϮ͕ϲϰϬͲΨϯ͕ϮϬϬΨϮ͕ϵϯϰΨϮ͘Ϭϰ ϯZϭϭϲϱ͘ϵйϭ͕ϯϴϱΨϭ͕ϴϵϬͲΨϯ͕ϰϳϭΨϮ͕ϭϳϰΨϭ͘ϱϳ ϯZнϭϬ͘ϭйϭ͕ϴϳϲΨϰ͕ϵϭϬͲΨϰ͕ϵϭϬΨϰ͕ϵϭϬΨϮ͘ϲϮ ϮZͬWĞŶƚ͘ϰϬ͘ϮйϮ͕ϬϵϬΨϯ͕ϰϯϬͲΨϰ͕ϬϳϳΨϯ͕ϳϱϰΨϭ͘ϴϬ ϯZͬWĞŶƚ͘ϮϬ͘ϭйϭ͕ϴϬϴΨϱ͕ϮϱϬͲΨϱ͕ϮϱϬΨϱ͕ϮϱϬΨϮ͘ϵϬ ϮZd,Ϯϭϭ͘ϭйϭ͕ϲϮϮΨϮ͕ϱϱϱͲΨϱ͕ϭϱϳΨϮ͕ϳϲϬΨϭ͘ϳϬ ϮϬϭ͘ϬйϮ͕ϬϵϰΨϮ͕ϴϵϬͲΨϱ͕ϬϲϯΨϯ͕ϯϮϱΨϭ͘ϱϵ ϯZd, dŽƚĂů͗ϭ͕ϵϱϳϭϬϬйϴϳϴΨϵϬϰͲΨϱ͕ϮϱϬΨϭ͕ϴϬϭΨϮ͘Ϭϱ EŽƚĞ͗&ƵƌŶŝƐŚĞĚƵŶŝƚƐĂƌĞŽŵŝƚƚĞĚ͘ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ͕>> Dy&/>Z^Z,EKE^h>d/E' 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ŽĐƵŵĞŶƚͲƐƉĞĐŝĨŝĐ/ŶĨŽƌŵĂƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϵ WƌŽŽĨŽĨWĂǇŵĞŶƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϵ ĂĐŬŐƌŽƵŶĚŚĞĐŬƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϵ ŽŶƚƌĂĐƚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ͘͘ϭϬ WƌĞǀĂŝůŝŶŐtĂŐĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϬ sĞŶĚŽƌƐĂŶĚ^ƵďĐŽŶƚƌĂĐƚŽƌƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϬ ŽŶƚƌĂĐƚŝŶŐĂŶĚŝĚĚŝŶŐĨŽƌDƵŶŝĐŝƉĂůŝƚŝĞƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϬ ŽŶƚƌĂĐƚŝŶŐĂŶĚŝĚĚŝŶŐĨŽƌEŽŶͲ'ŽǀĞƌŶŵĞŶƚĂůKƌŐĂŶŝǌĂƚŝŽŶƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϬ ŽŶƚƌĂĐƚŝŶŐĂŶĚŝĚĚŝŶŐdŚƌĞƐŚŽůĚƐĂŶĚWƌŽĐĞƐƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϬ ĞďĂƌŵĞŶƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭ dĂƌŐĞƚĞĚsĞŶĚŽƌƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭ ŽŶĨůŝĐƚŽĨ/ŶƚĞƌĞƐƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭ ^ŝŶŐůĞͬ^ŽůĞ^ŽƵƌĐĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭ ^ƵƉƉŽƌƚŝŶŐŽĐƵŵĞŶƚĂƚŝŽŶĨŽƌŽŶƚƌĂĐƚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϮ WƌĞǀĂŝůŝŶŐtĂŐĞ;DŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞϭϳϳ͘ϰϭƚŚƌŽƵŐŚϭϳϳ͘ϰϰͿ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϮ WĂƐƐͲdŚƌŽƵŐŚ'ƌĂŶƚƐZĞŝŵďƵƌƐĞŵĞŶƚDĂŶƵĂů;ƌĞǀϳͬϮϬϮϰͿϭ WƌĞǀĂŝůŝŶŐtĂŐĞŽĐƵŵĞŶƚĂƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯ /ŶƐƵƌĂŶĐĞZĞƋƵŝƌĞŵĞŶƚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯ ŽƐƚĂƚĞŐŽƌǇͲ^ƉĞĐŝĨŝĐZĞƋƵŝƌĞŵĞŶƚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯ ƋƵŝƉŵĞŶƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯ ĂƉŝƚĂůƋƵŝƉŵĞŶƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯ >ĂŶĚĐƋƵŝƐŝƚŝŽŶƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯ >ĂŶĚĐƋƵŝƐŝƚŝŽŶƐhƐŝŶŐĂŝŶĚŝŶŐŐƌĞĞŵĞŶƚǆƚĞŶƐŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯ 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'ƌĂŶƚĞĞƐĐĂŶĞǆƉĞĐƚƚŽďĞƌĞŝŵďƵƌƐĞĚǁŝƚŚŝŶϯϬĚĂǇƐŽĨƚŚĞEZƌĞĐĞŝǀŝŶŐĂĐŽŵƉůĞƚĞĂŶĚĂĐĐƵƌĂƚĞ ƌĞŝŵďƵƌƐĞŵĞŶƚƌĞƋƵĞƐƚ͘ /ĨĚŽĐƵŵĞŶƚĂƚŝŽŶƚŽƉƌŽĐĞƐƐƚŚĞƌĞƋƵĞƐƚŝƐŵŝƐƐŝŶŐ͕ŽƌƚŚĞƌĞƋƵĞƐƚŚĂƐĚŝƐĐƌĞƉĂŶĐŝĞƐŽƌ x ŝŶĐŽƌƌĞĐƚŝŶĨŽƌŵĂƚŝŽŶ͕ƚŚĞϯϬͲĚĂǇĐůŽĐŬĚŽĞƐŶŽƚƐƚĂƌƚƵŶƚŝůĂůůŶĞĐĞƐƐĂƌǇŝŶĨŽƌŵĂƚŝŽŶŚĂƐďĞĞŶ ƐƵďŵŝƚƚĞĚƚŽƚŚĞEZĂŶĚƚŚĞƌĞƋƵĞƐƚŚĂƐďĞĞŶĚĞĞŵĞĚĐŽŵƉůĞƚĞĂŶĚǁŚŽůĞ͘ /ĨĂƉƌŽũĞĐƚ͛ƐƐƚĂƚƵƐƌĞƉŽƌƚƐĂƌĞƉĂƐƚĚƵĞŽƌǁŽƌŬͬĂĐĐŽŵƉůŝƐŚŵĞŶƚƉůĂŶĂŵĞŶĚŵĞŶƚƐĂƌĞ x ƉĞŶĚŝŶŐ͕ƚŚĞEZǁŝůůŚŽůĚƌĞŝŵďƵƌƐĞŵĞŶƚƌĞƋƵĞƐƚƐĂŶĚƉĂǇŵĞŶƚĨŽƌƚŚĞƉƌŽũĞĐƚƵŶƚŝůƚŚĞ ĂŵĞŶĚŵĞŶƚŽƌƵƉĚĂƚĞŚĂƐďĞĞŶĂƉƉƌŽǀĞĚďǇ>^K,ŽƌƚŚĞ>DZ͘ WĂƐƐͲdŚƌŽƵŐŚ'ƌĂŶƚƐZĞŝŵďƵƌƐĞŵĞŶƚDĂŶƵĂů;ƌĞǀϳͬϮϬϮϰͿϱ &ƌĞƋƵĞŶĐǇŽĨ^ƵďŵŝƐƐŝŽŶ 'ƌĂŶƚĞĞƐŵƵƐƚƐƵďŵŝƚƌĞŝŵďƵƌƐĞŵĞŶƚƌĞƋƵĞƐƚƐĂƚůĞĂƐƚĂŶŶƵĂůůǇǁŚŝůĞŐƌĂŶƚǁŽƌŬŝƐďĞŝŶŐĚŽŶĞĂŶĚ ĞǆƉĞŶƐĞƐŚĂǀĞďĞĞŶŝŶĐƵƌƌĞĚ͘/ĨƚŚĞŐƌĂŶƚĞĞŚĂƐŶŽƚǇĞƚŝŶĐƵƌƌĞĚĐŽƐƚƐ͕ŶŽƌĞŝŵďƵƌƐĞŵĞŶƚƌĞƋƵĞƐƚŝƐ ƌĞƋƵŝƌĞĚ͘ &ŝŶĂůZĞŝŵďƵƌƐĞŵĞŶƚ &ŝŶĂůƌĞŝŵďƵƌƐĞŵĞŶƚǁŝůůďĞƉĂŝĚǁŚĞŶƚŚĞ^ƚĂƚĞĚĞƚĞƌŵŝŶĞƐƚŚĂƚƚŚĞ'ƌĂŶƚĞĞŚĂƐƐĂƚŝƐĨĂĐƚŽƌŝůǇĨƵůĨŝůůĞĚ ĂůůƚŚĞƚĞƌŵƐŽĨƚŚĞŝƌŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕ƵŶůĞƐƐŽƚŚĞƌǁŝƐĞĞǆĐůƵĚĞĚďǇƚŚĞ^ƚĂƚĞŝŶǁƌŝƚŝŶŐ͘ dŚĞ^ƚĂƚĞŵƵƐƚĐŽŵƉůĞƚĞĂĨŝŶĂŶĐŝĂůƌĞĐŽŶĐŝůŝĂƚŝŽŶŽŶĂůůŐƌĂŶƚƐŽǀĞƌΨϱϬ͕ϬϬϬƉƌŝŽƌƚŽĂƉƉƌŽǀŝŶŐ x ƚŚĞĨŝŶĂůƌĞŝŵďƵƌƐĞŵĞŶƚƌĞƋƵĞƐƚ͘/ĨĂĨŝŶĂůƌĞŝŵďƵƌƐĞŵĞŶƚƌĞƋƵĞƐƚŝƐĂůƐŽƚŚĞĨŝƌƐƚƌĞƋƵĞƐƚ͕ƚŚŝƐ ŵĂǇĚĞůĂǇƉĂǇŵĞŶƚ͘ dŚĞĨŝŶĂůƌĞƉŽƌƚŵƵƐƚďĞĂƉƉƌŽǀĞĚďǇƚŚĞ>DZŽƌƚŚĞ>^K,ƉƌŝŽƌƚŽƉĂǇŵĞŶƚŽĨƚŚĞĨŝŶĂů x ƌĞŝŵďƵƌƐĞŵĞŶƚƌĞƋƵĞƐƚƵŶůĞƐƐƚŚĞŐƌĂŶƚĞĞƌĞĐĞŝǀĞƐƉƌŝŽƌĂƉƉƌŽǀĂůĨƌŽŵƚŚĞEZŝŶ ĐŽŽƌĚŝŶĂƚŝŽŶǁŝƚŚ>DZͬ>^K,ƐƚĂĨĨƚŽǁĂŝǀĞƚŚĂƚƌĞƋƵŝƌĞŵĞŶƚ͘ ZĞƋƵĞƐƚŝŶŐZĞŝŵďƵƌƐĞŵĞŶƚ ZĞŝŵďƵƌƐĞŵĞŶƚŽĐƵŵĞŶƚĂƚŝŽŶ ůůƌĞŝŵďƵƌƐĞŵĞŶƚƌĞƋƵĞƐƚƐŵƵƐƚŝŶĐůƵĚĞƚŚĞĨŽůůŽǁŝŶŐĨŽƵƌĐŽŵƉŽŶĞŶƚƐ͗ ϭ͘ZĞŝŵďƵƌƐĞŵĞŶƚWĂǇŵĞŶƚZĞƋƵĞƐƚ&Žƌŵ Ϯ͘ZĞŝŵďƵƌƐĞŵĞŶƚ^ƉƌĞĂĚƐŚĞĞƚ ϯ͘WƌŽũĞĐƚĐƚŝǀŝƚǇ^ƵŵŵĂƌǇ^ƉƌĞĂĚƐŚĞĞƚ ϰ͘^ƵƉƉŽƌƚŝŶŐŽĐƵŵĞŶƚĂƚŝŽŶ ůůĚŽĐƵŵĞŶƚƐƐƵďŵŝƚƚĞĚŵƵƐƚďĞĐůĞĂƌůǇůĞŐŝďůĞĂŶĚŚĂǀĞŵŝŶŝŵĂůďĂĐŬŐƌŽƵŶĚĚŝƐƚƌĂĐƚŝŽŶƐ͘ ZĞŝŵďƵƌƐĞŵĞŶƚWĂǇŵĞŶƚZĞƋƵĞƐƚ&Žƌŵ dŚŝƐĨŽƌŵŝƐƌĞƋƵŝƌĞĚĨŽƌĂůůƉĂǇŵĞŶƚƌĞƋƵĞƐƚƐ͕ŝŶĐůƵĚŝŶŐůĂŶĚŽƌĐŽŶƐĞƌǀĂƚŝŽŶĞĂƐĞŵĞŶƚĂĐƋƵŝƐŝƚŝŽŶƐ͘ dŚĞĨŽƌŵŵƵƐƚďĞĐŽŵƉůĞƚĞĚĂŶĚƐŝŐŶĞĚďǇĂŶŝŶĚŝǀŝĚƵĂůǁŚŽŝƐĂƵƚŚŽƌŝǌĞĚďǇƚŚĞŽƌŐĂŶŝǌĂƚŝŽŶ x ƚŽƐƵďŵŝƚƉĂǇŵĞŶƚƌĞƋƵĞƐƚƐ͘ R/ĨƚŚĞƌĞŝƐĂĨŝƐĐĂůĂŐĞŶƚĨŽƌǇŽƵƌƉƌŽũĞĐƚ͕ďĞƐƵƌĞƚŽƵƐĞƚŚĞ&ŝƐĐĂůŐĞŶƚǀĞƌƐŝŽŶŽĨƚŚĞ ZĞƋƵĞƐƚ&Žƌŵ͕ǁŚŝĐŚĐŽŶƚĂŝŶƐƚǁŽƐŝŐŶĂƚƵƌĞďůŽĐŬƐʹŽŶĞĨŽƌƚŚĞŐƌĂŶƚĞĞŽƌŐĂŶŝǌĂƚŝŽŶ ĂŶĚŽŶĞĨŽƌƚŚĞĨŝƐĐĂůĂŐĞŶƚ͘ d/W͗ dŚĞWKEƵŵďĞƌƚŚĂƚŝƐƌĞƋƵŝƌĞĚǁŚĞŶĐŽŵƉůĞƚŝŶŐƚŚŝƐĨŽƌŵĐĂŶďĞĨŽƵŶĚŽŶƚŚĞƐŝŐŶĂƚƵƌĞ x ƉĂŐĞŽĨǇŽƵƌĞǆĞĐƵƚĞĚŐƌĂŶƚĂŐƌĞĞŵĞŶƚ;ŝƚĂůǁĂǇƐďĞŐŝŶƐǁŝƚŚϯϬϬϬͿ͘ WĂƐƐͲdŚƌŽƵŐŚ'ƌĂŶƚƐZĞŝŵďƵƌƐĞŵĞŶƚDĂŶƵĂů;ƌĞǀϳͬϮϬϮϰͿϲ ZĞŝŵďƵƌƐĞŵĞŶƚ^ƉƌĞĂĚƐŚĞĞƚ dŚĞZĞŝŵďƵƌƐĞŵĞŶƚ^ƉƌĞĂĚƐŚĞĞƚƉƌŽǀŝĚĞƐŝŶĨŽƌŵĂƚŝŽŶŽŶƚŚĞƐƚĂƌƚŝŶŐďƵĚŐĞƚĂŵŽƵŶƚƐ͕ƚŽƚĂů ƌĞŝŵďƵƌƐĞŵĞŶƚƐƚŽĚĂƚĞ͕ĐƵƌƌĞŶƚƌĞƋƵĞƐƚĞĚƌĞŝŵďƵƌƐĞŵĞŶƚĂŵŽƵŶƚĂŶĚƚŚĞƌĞŵĂŝŶŝŶŐďĂůĂŶĐĞŽĨ ĨƵŶĚƐĂǀĂŝůĂďůĞ͘dŚŝƐĚŽĐƵŵĞŶƚƐŚŽƵůĚďĞƐĞŶƚĂƐĂŶǆĐĞůĨŝůĞǁŚĞƌĞƉŽƐƐŝďůĞ͘/ĨƐĞŶĚŝŶŐĂƐĂW&ŵĂŬĞ ƐƵƌĞĂůůƚŚĞŶƵŵďĞƌƐĂƌĞůĞŐŝďůĞĂŶĚƚŚĞĞŶƚŝƌĞƐƉƌĞĂĚƐŚĞĞƚŝƐŝŶǀŝĞǁ͘ ĂĐŚĨƵŶĚŝŶŐƐŽƵƌĐĞŚĂƐĂĚŝĨĨĞƌĞŶƚƐƉƌĞĂĚƐŚĞĞƚ͘hƐĞƚŚĞEZd&ƐƉƌĞĂĚƐŚĞĞƚĨŽƌ>DZ x ƉƌŽũĞĐƚƐĂŶĚƚŚĞK,&ƐƉƌĞĂĚƐŚĞĞƚĨŽƌĂůů>^K,ƉƌŽũĞĐƚƐ͘ >ŝŶĞŝƚĞŵƐ;ĐĂƚĞŐŽƌŝĞƐͿŽŶƚŚĞƐƉƌĞĂĚƐŚĞĞƚŵƵƐƚŵĂƚĐŚƚŚĞůŝŶĞŝƚĞŵƐĨƌŽŵƚŚĞŵŽƐƚƌĞĐĞŶƚ x ĂƉƉƌŽǀĞĚǁŽƌŬͬĂĐĐŽŵƉůŝƐŚŵĞŶƚƉůĂŶďƵĚŐĞƚ͘ KŶůǇĂƉƉƌŽǀĞĚďƵĚŐĞƚŝƚĞŵƐ;ĞǆƉĞŶƐĞƐͿǁŝůůďĞĞůŝŐŝďůĞĨŽƌƌĞŝŵďƵƌƐĞŵĞŶƚ͘ x WůĞĂƐĞŶŽƚĞƚŚĞŐƵŝĚĂŶĐĞŽŶĂůůŽǁĂďůĞĞǆƉĞŶƐĞƐĚŽĐƵŵĞŶƚƐŽŶƚŚĞ>DZ͛ƐǁĞďƐŝƚĞĂŶĚƚŚĞ x ďƵĚŐĞƚůŝŶĞŝƚĞŵĚĞĨŝŶŝƚŝŽŶƐŽŶƚŚĞ>^K,͛ƐǁĞďƐŝƚĞ͘ WƌŽũĞĐƚĐƚŝǀŝƚǇ^ƵŵŵĂƌǇ^ƉƌĞĂĚƐŚĞĞƚ dŚĞƉƵƌƉŽƐĞŽĨƚŚĞWƌŽũĞĐƚĐƚŝǀŝƚǇ^ƵŵŵĂƌǇ^ƉƌĞĂĚƐŚĞĞƚŝƐƚŽƉƌŽǀŝĚĞĂŶŝƚĞŵŝǌĞĚĂĐĐŽƵŶƚŝŶŐŽĨĂůů ŝŶǀŽŝĐĞƐĂŶĚĞǆƉĞŶƐĞƐƚŚĂƚŵĂŬĞƵƉƚŚĞƚŽƚĂůƌĞŝŵďƵƌƐĞŵĞŶƚƉĂǇŵĞŶƚƌĞƋƵĞƐƚĂŵŽƵŶƚ͘ dŽĐŽŵƉůĞƚĞƚŚĞƐƉƌĞĂĚƐŚĞĞƚ͗ &ŽƌĞĂĐŚĞǆƉĞŶƐĞŝŶƚŚĞƌĞƋƵĞƐƚ͗ŶƚĞƌƚŚĞƚƌĂŶƐĂĐƚŝŽŶĚĂƚĞ;ĚĂƚĞŽĨŝŶǀŽŝĐĞŽƌĚĂƚĞƌĂŶŐĞ x ĞǆƉĞŶƐĞƐǁĞƌĞŝŶĐƵƌƌĞĚͿ͕ĚĞƐĐƌŝƉƚŝŽŶŽĨƚŚĞĞǆƉĞŶƐĞ͕ƚŚĞĂŵŽƵŶƚĂŶĚƚŚĞďƵĚŐĞƚĐĂƚĞŐŽƌǇĨƌŽŵ ǇŽƵƌŵŽƐƚƌĞĐĞŶƚĂƉƉƌŽǀĞĚǁŽƌŬͬĂĐĐŽŵƉůŝƐŚŵĞŶƚƉůĂŶ͘ ^ƵƉƉŽƌƚŝŶŐŽĐƵŵĞŶƚĂƚŝŽŶ ĂĐŚƌĞŝŵďƵƌƐĞŵĞŶƚƉĂǇŵĞŶƚƌĞƋƵĞƐƚŵƵƐƚŝŶĐůƵĚĞďĂĐŬƵƉĚŽĐƵŵĞŶƚĂƚŝŽŶĨŽƌĂůůĞǆƉĞŶƐĞƐ͘ ŽĐƵŵĞŶƚĂƚŝŽŶŵĂǇŝŶĐůƵĚĞ͕ďƵƚŝƐŶŽƚůŝŵŝƚĞĚƚŽ͗ƌĞĐĞŝƉƚƐ͕ŝŶǀŽŝĐĞƐĂŶĚƚŝŵĞ;ƉĂǇƌŽůůͿƌĞĐŽƌĚƐ͘dŚĞ ĚŽĐƵŵĞŶƚĂƚŝŽŶƐŚŽƵůĚƐŚŽǁƚŚĂƚƚŚĞĞǆƉĞŶƐĞƐǁĞƌĞĂůůŽǁĂďůĞĐŽƐƚƐĂŶĚŚĂƉƉĞŶĞĚǁŝƚŚŝŶƚŚĞƚŝŵĞ ƉĞƌŝŽĚŽĨƚŚĞƉĂǇŵĞŶƚƌĞƋƵĞƐƚ͘^ƉĞĐŝĨŝĐĚŽĐƵŵĞŶƚĂƚŝŽŶŝƐƌĞƋƵŝƌĞĚĨŽƌůĂŶĚĂĐƋƵŝƐŝƚŝŽŶƐ͘>ĂŶĚ ĂĐƋƵŝƐŝƚŝŽŶƌĞƉŽƌƚŝŶŐƌĞƋƵŝƌĞŵĞŶƚƐĂƌĞůŝƐƚĞĚŝŶƚŚĞŐƌĂŶƚĂŐƌĞĞŵĞŶƚ͕ŝŶƚƚĂĐŚŵĞŶƚ͘ ůůŝŶǀŽŝĐĞƐŵƵƐƚĞǆƉůŝĐŝƚůǇƐƚĂƚĞƚŚĞĚĂƚĞ;ƐͿƚŚĂƚƚŚĞƐĞƌǀŝĐĞƐǁĞƌĞƉĞƌĨŽƌŵĞĚ͘dŚĞĚĂƚĞŵƵƐƚ x ĨĂůůǁŝƚŚŝŶƚŚĞƉĞƌŝŽĚŽĨƚŚĞƌĞŝŵďƵƌƐĞŵĞŶƚƉĂǇŵĞŶƚƌĞƋƵĞƐƚ͘ WůĞĂƐĞĂůƐŽĂĚĚƚŚĞĨŽůůŽǁŝŶŐŝŶĨŽƌŵĂƚŝŽŶƚŽƐƵďŵŝƚƚĞĚŝŶǀŽŝĐĞƐ͗ R&ŽƌƌĞƐƚŽƌĂƚŝŽŶŽƌĞŶŚĂŶĐĞŵĞŶƚǁŽƌŬ͗/ŶĨŽƌŵĂƚŝŽŶŝŶĚŝĐĂƚŝŶŐŽŶǁŚŝĐŚƉĂƌĐĞů;ƐͿƚŚĞ ǁŽƌŬǁĂƐĐŽŵƉůĞƚĞĚ͘ R dŚĞĂĐƚŝǀŝƚǇŶƵŵďĞƌƚŚĂƚƚŚĞĞǆƉĞŶƐĞŝƐďĞŝŶŐƉŽƐƚĞĚƚŽŝĨƌĞƋƵŝƌĞĚďǇǇŽƵƌǁŽƌŬƉůĂŶ͘ R/ĨĂƉŽƌƚŝŽŶŽĨĂŶĞǆƉĞŶƐĞŝƐďĞŝŶŐƉŽƐƚĞĚƚŽŵŽƌĞƚŚĂŶŽŶĞĂĐƚŝǀŝƚǇ͕ďƵĚŐĞƚůŝŶĞŝƚĞŵ͕Žƌ ŐƌĂŶƚƉůĞĂƐĞŝŶĐůƵĚĞƚŚĂƚŝŶĨŽƌŵĂƚŝŽŶŽŶƚŚĞŝŶǀŽŝĐĞ͘ WĂƐƐͲdŚƌŽƵŐŚ'ƌĂŶƚƐZĞŝŵďƵƌƐĞŵĞŶƚDĂŶƵĂů;ƌĞǀϳͬϮϬϮϰͿϳ ŽĐƵŵĞŶƚĂƚŝŽŶĨŽƌƉĞƌƐŽŶŶĞůĞǆƉĞŶƐĞƐŝŶĐůƵĚĞƚŝŵĞŽƌƉĂǇƌŽůůƌĞĐŽƌĚƐĨŽƌƚŚĞƉĂǇŵĞŶƚƌĞƋƵĞƐƚ x ƉĞƌŝŽĚ͘ůůĞŵƉůŽǇĞĞƐǁŽƌŬŝŶŐŽŶĂƉƌŽũĞĐƚƐŚŽƵůĚƚƌĂĐŬƚŚĞŝƌĂĐƚƵĂůŶƵŵďĞƌŽĨŚŽƵƌƐǁŽƌŬĞĚ ŽŶƚŚĞƉƌŽũĞĐƚ͘ R dŝŵĞƐŚĞĞƚƐƐƵďŵŝƚƚĞĚƐŚŽƵůĚŝŶĐůƵĚĞƚŚĞƉĞƌŝŽĚǁŽƌŬĞĚ;ĚĂƚĞƌĂŶŐĞŽĨǁŽƌŬ ƉĞƌĨŽƌŵĞĚͿ͕ŶĂŵĞŽĨƚŚĞĞŵƉůŽǇĞĞ͕ƌĂƚĞŽĨƉĂǇ͕ŚŽƵƌƐǁŽƌŬĞĚĂŶĚďĞŶĞĨŝƚƌĂƚĞ͘dŚĞ ŽƌŝŐŝŶĂůƚŝŵĞƌĞĐŽƌĚƐŵƵƐƚďĞĂǀĂŝůĂďůĞĨŽƌƌĞǀŝĞǁŝĨƌĞƋƵĞƐƚĞĚ͘ RůůǀĂĐĂƚŝŽŶ;ƉĂŝĚƚŝŵĞŽĨĨͿ͕ƐŝĐŬĂŶĚŚŽůŝĚĂǇďĞŶĞĨŝƚƐĂƌĞĞůŝŐŝďůĞĨŽƌƌĞŝŵďƵƌƐĞŵĞŶƚŽŶĂ ƉƌŽƉŽƌƚŝŽŶĂůůĞǀĞů͘WůĞĂƐĞĐŽŶƚĂĐƚǇŽƵƌĂƐƐŝŐŶĞĚ'ƌĂŶƚƐ^ƉĞĐŝĂůŝƐƚĨŽƌŵŽƌĞŝŶĨŽƌŵĂƚŝŽŶ͘ d/W͗ R/ƚŵĂǇďĞŚĞůƉĨƵůƚŽĐŚĞĐŬǁŝƚŚǇŽƵƌŐƌĂŶƚƐƉĞĐŝĂůŝƐƚŽŶǇŽƵƌƉůĂŶĨŽƌƉĞƌƐŽŶŶĞů ĚŽĐƵŵĞŶƚĂƚŝŽŶƉƌŝŽƌƚŽƐƵďŵŝƚƚŝŶŐǇŽƵƌĨŝƌƐƚƌĞŝŵďƵƌƐĞŵĞŶƚ͘ /ĨĂŶǇĚŽĐƵŵĞŶƚĂƚŝŽŶƐƵďŵŝƚƚĞĚŚĂƐŶŽŶͲƉƌŽũĞĐƚĞǆƉĞŶƐĞƐŽŶŝƚ͕ďĞƐƵƌĞƚŽĐůĞĂƌůǇŝŶĚŝĐĂƚĞ x ǁŚŝĐŚĞǆƉĞŶƐĞƐĂƌĞĨŽƌƚŚĞƉƌŽũĞĐƚ͘ ǆƉĞĚŝƚĞĚZĞŝŵďƵƌƐĞŵĞŶƚŽĐƵŵĞŶƚĂƚŝŽŶ 'ƌĂŶƚĞĞƐǁŝƚŚĂŚŝƐƚŽƌǇŽĨĐůĞĂŶƌĞŝŵďƵƌƐĞŵĞŶƚƌĞƋƵĞƐƚƐĂŶĚŶŽĨŝŶĚŝŶŐƐŽŶƚŚĞŝƌŵŽƐƚƌĞĐĞŶƚ ŵŽŶŝƚŽƌŝŶŐĚŽŶŽƚŚĂǀĞƚŽƐĞŶĚŝŶƌĞĐĞŝƉƚƐĨŽƌĞƋƵŝƉŵĞŶƚ͕ƐƵƉƉůŝĞƐŽƌƚƌĂǀĞůǁŝƚŚƚŚĞŝƌƉĂǇŵĞŶƚ ƌĞƋƵĞƐƚƐ͘'ƌĂŶƚĞĞƐŵƵƐƚĐŽŶƚŝŶƵĞƚŽŬĞĞƉĂůůƌĞĐĞŝƉƚƐĨŽƌƌĞǀŝĞǁĂƚĂŶŶƵĂůŵŽŶŝƚŽƌŝŶŐ͘ 'ƌĂŶƚĞĞƐŐŝǀĞŶĞǆƉĞĚŝƚĞĚĚŽĐƵŵĞŶƚĂƚŝŽŶƉƌŝǀŝůĞŐĞƐŽŶůǇŶĞĞĚƚŽƐĞŶĚŝŶŝŶǀŽŝĐĞƐͬƌĞĐĞŝƉƚƐͬŽƚŚĞƌƉƌŽŽĨ ŽĨĞǆƉĞŶƐĞƐĨŽƌƚŚĞĨŽůůŽǁŝŶŐĐĂƚĞŐŽƌŝĞƐǁŝƚŚƚŚĞŝƌƉĂǇŵĞŶƚƌĞƋƵĞƐƚƐ͗ ŽŶƚƌĂĐƚƐ x >ĂŶĚĐƋƵŝƐŝƚŝŽŶ x ĂƉŝƚĂůƋƵŝƉŵĞŶƚ x ǆƉĞŶƐĞƐŽǀĞƌƚŚĞďŝĚĚŝŶŐƚŚƌĞƐŚŽůĚŝŶĂůůĐĂƚĞŐŽƌŝĞƐ x dŽĂĐĐĞƐƐƚŚŝƐƉƌŝǀŝůĞŐĞ͕ŐƌĂŶƚĞĞƐŵƵƐƚŚĂǀĞ͗ ŶŽĨŝŶĚŝŶŐƐŝŶƚŚĞŝƌŵŽƐƚƌĞĐĞŶƚŵŽŶŝƚŽƌŝŶŐ͕ĂŶĚ x ŶŽƋƵĞƐƚŝŽŶĞĚĐŽƐƚƐŽǀĞƌƚŚĞŝƌůĂƐƚĨŽƵƌƌĞŝŵďƵƌƐĞŵĞŶƚƌĞƋƵĞƐƚƐ͕ŝŶĂƐƉĂŶŽĨĂƚůĞĂƐƚƐŝǆ x ŵŽŶƚŚƐ͘ 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ĂŶĚsĞƚĞƌĂŶͲKǁŶĞĚsĞŶĚŽƌ>ŝƐƚ DĞƚƌŽƉŽůŝƚĂŶŽƵŶĐŝů͛ƐdĂƌŐĞƚĞĚsĞŶĚŽƌůŝƐƚ͗DŝŶŶĞƐŽƚĂhŶŝĨŝĞĚĞƌƚŝĨŝĐĂƚŝŽŶWƌŽŐƌĂŵ x ^ŵĂůůƵƐŝŶĞƐƐĞƌƚŝĨŝĐĂƚŝŽŶWƌŽŐƌĂŵƚŚƌŽƵŐŚ,ĞŶŶĞƉŝŶŽƵŶƚǇ͕ZĂŵƐĞǇŽƵŶƚǇ͕ĂŶĚŝƚǇŽĨ^ƚ͘ x WĂƵů͗ĞŶƚƌĂůĞƌƚŝĨŝĐĂƚŝŽŶWƌŽŐƌĂŵ ŽŶĨůŝĐƚŽĨ/ŶƚĞƌĞƐƚ dŚĞŐƌĂŶƚĞĞŵƵƐƚŵĂŝŶƚĂŝŶǁƌŝƚƚĞŶƐƚĂŶĚĂƌĚƐŽĨĐŽŶĚƵĐƚĐŽǀĞƌŝŶŐĐŽŶĨůŝĐƚƐŽĨŝŶƚĞƌĞƐƚĂŶĚŐŽǀĞƌŶŝŶŐ ƚŚĞĂĐƚŝŽŶƐŽĨŝƚƐĞŵƉůŽǇĞĞƐŽƌďŽĂƌĚŵĞŵďĞƌƐĞŶŐĂŐĞĚŝŶƚŚĞƐĞůĞĐƚŝŽŶ͕ĂǁĂƌĚĂŶĚĂĚŵŝŶŝƐƚƌĂƚŝŽŶŽĨ ĐŽŶƚƌĂĐƚƐ͘dŚŝƐǁƌŝƚƚĞŶƐƚĂŶĚĂƌĚŵĂǇďĞƌĞƋƵĞƐƚĞĚĚƵƌŝŶŐŵŽŶŝƚŽƌŝŶŐ͘ ^ŝŶŐůĞͬ^ŽůĞ^ŽƵƌĐĞ dŚĞ^ƚĂƚĞŵĂǇǁĂŝǀĞďŝĚĚŝŶŐƉƌŽĐĞƐƐƌĞƋƵŝƌĞŵĞŶƚƐǁŚĞŶŝƚŝƐĚĞƚĞƌŵŝŶĞĚƚŚĞƌĞŝƐŽŶůǇŽŶĞůĞŐŝƚŝŵĂƚĞ ŽƌƉƌĂĐƚŝĐĂůƐŽƵƌĐĞĨŽƌƐƵĐŚŵĂƚĞƌŝĂůƐŽƌƐĞƌǀŝĐĞƐĂŶĚƚŚĂƚŐƌĂŶƚĞĞŚĂƐĞƐƚĂďůŝƐŚĞĚĂĨĂŝƌĂŶĚƌĞĂƐŽŶĂďůĞ ƉƌŝĐĞ͘^ŝŶŐůĞĂŶĚƐŽůĞƐŽƵƌĐĞŐƌĂŶƚƐŽƌĐŽŶƚƌĂĐƚƐĂƌĞƵƐĞĚǁŚĞŶŽŶůǇŽŶĞĞŶƚŝƚǇŝƐƌĞĂƐŽŶĂďůǇĂďůĞƚŽ ŵĞĞƚĂŐƌĂŶƚ͛ƐŝŶƚĞŶĚĞĚƉƵƌƉŽƐĞĂŶĚŽďũĞĐƚŝǀĞƐ͕ĚƵĞƚŽƚŚĞŝƌŐĞŽŐƌĂƉŚŝĐůŽĐĂƚŝŽŶ͕ƐƉĞĐŝĂůŝǌĞĚ ŬŶŽǁůĞĚŐĞ͕ƌĞůĂƚŝŽŶƐŚŝƉƐŽƌƐƉĞĐŝĂůŝǌĞĚĞƋƵŝƉŵĞŶƚ͘ dŽƐĞĞŬĂƐŝŶŐůĞͬƐŽůĞƐŽƵƌĐĞǁĂŝǀĞƌ͕ƚŚĞŐƌĂŶƚĞĞŵƵƐƚĐŽŵƉůĞƚĞĂ'ƌĂŶƚ^ŝŶŐůĞ^ŽƵƌĐĞ:ƵƐƚŝĨŝĐĂƚŝŽŶ &Žƌŵ;ĂǀĂŝůĂďůĞŽŶƚŚĞƉĂƐƐͲƚŚƌŽƵŐŚŐƌĂŶƚƐǁĞďƐŝƚĞͿĂŶĚƐƵďŵŝƚŝƚƚŽƚŚĞ^ƚĂƚĞ͛ƐƵƚŚŽƌŝǌĞĚ ZĞƉƌĞƐĞŶƚĂƚŝǀĞĨŽƌƐŝŐŶĂƚƵƌĞĂŶĚĂƉƉƌŽǀĂů͘/ĨĂƉƉƌŽǀĞĚ͕ƚŚĞ'ƌĂŶƚĞĞŵƵƐƚŬĞĞƉƚŚĞĞǆĞĐƵƚĞĚĐŽƉǇŽŶ ĨŝůĞ͘ WĂƐƐͲdŚƌŽƵŐŚ'ƌĂŶƚƐZĞŝŵďƵƌƐĞŵĞŶƚDĂŶƵĂů;ƌĞǀϳͬϮϬϮϰͿϭϭ ^ƵƉƉŽƌƚŝŶŐŽĐƵŵĞŶƚĂƚŝŽŶĨŽƌŽŶƚƌĂĐƚƐ dŚĞŐƌĂŶƚĞĞŵƵƐƚŵĂŝŶƚĂŝŶƐƵƉƉŽƌƚĚŽĐƵŵĞŶƚĂƚŝŽŶŽĨƚŚĞƉƵƌĐŚĂƐŝŶŐĂŶĚͬŽƌďŝĚĚŝŶŐƉƌŽĐĞƐƐƵƚŝůŝǌĞĚ ƚŽĐŽŶƚƌĂĐƚƐĞƌǀŝĐĞƐŝŶƚŚĞŝƌĨŝŶĂŶĐŝĂůƌĞĐŽƌĚƐ͕ŝŶĐůƵĚŝŶŐƐƵƉƉŽƌƚĚŽĐƵŵĞŶƚĂƚŝŽŶũƵƐƚŝĨǇŝŶŐĂƐŝŶŐůĞͬƐŽůĞ ƐŽƵƌĐĞďŝĚ͕ŝĨĂƉƉůŝĐĂďůĞ͘ 'ƌĂŶƚĞĞƐŵƵƐƚƌĞƚĂŝŶ͕ŝŶƚŚĞƉƌŽũĞĐƚĨŝůĞ͗ ĐŽƉŝĞƐŽĨƚŚĞĞǆĞĐƵƚĞĚƐƵďĐŽŶƚƌĂĐƚĂŐƌĞĞŵĞŶƚƐ x ĂĐŽƉǇŽĨƚŚĞďŝĚƚĂďƵůĂƚŝŽŶ;ŝĨĂƉƉůŝĐĂďůĞͿ͕ x ǁƌŝƚƚĞŶĚŽĐƵŵĞŶƚĂƚŝŽŶƚŚĂƚĚĞƐĐƌŝďĞƐƚŚĞƌĂƚŝŽŶĂůĞĨŽƌƐĞůĞĐƚŝŽŶŽĨƚŚĞƐƵďĐŽŶƚƌĂĐƚŽƌ͕ĂŶĚ x ĚŽĐƵŵĞŶƚĂƚŝŽŶŽĨƚŚĞĐŽŶƚƌĂĐƚͬďŝĚĂƉƉƌŽǀĂůŝĨƌĞƋƵŝƌĞĚďǇŐƌĂŶƚĞĞŝŶƚĞƌŶĂůĐŽŶƚƌŽůƐ;ƐƵĐŚĂƐ x ŵĞĞƚŝŶŐŵŝŶƵƚĞƐͿ dŚŝƐĚŽĐƵŵĞŶƚĂƚŝŽŶŵĂǇďĞƌĞǀŝĞǁĞĚĚƵƌŝŶŐƚŚĞŵŽŶŝƚŽƌŝŶŐǀŝƐŝƚŽƌǁŚĞŶƌĞƋƵĞƐƚĞĚďǇƚŚĞ^ƚĂƚĞ͘ WƌĞǀĂŝůŝŶŐtĂŐĞ;DŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞϭϳϳ͘ϰϭƚŚƌŽƵŐŚϭϳϳ͘ϰϰͿ WƌĞǀĂŝůŝŶŐǁĂŐĞƌƵůĞƐǁĞƌĞĞƐƚĂďůŝƐŚĞĚƚŽƌĞƋƵŝƌĞƚŚĂƚƚŚĞǁĂŐĞƐŽĨůĂďŽƌĞƌƐĂŶĚǁŽƌŬĞƌƐďĞ 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/ĨǇŽƵĂƌĞƵŶƐƵƌĞŝĨǇŽƵƌƉƌŽũĞĐƚŝƐƐƵďũĞĐƚƚŽWƌĞǀĂŝůŝŶŐtĂŐĞ͕ǇŽƵƐŚŽƵůĚĐŽŵƉůĞƚĞ>/͛ƐWƌŽũĞĐƚ x ƐƐĞƐƐŵĞŶƚ&ŽƌŵĂŶĚƐƵďŵŝƚŝƚƚŽǇŽƵƌŐƌĂŶƚƐƉĞĐŝĂůŝƐƚ͘zŽƵƌŐƌĂŶƚƐƉĞĐŝĂůŝƐƚǁŝůůƌĞǀŝĞǁƚŚĞ ĨŽƌŵĂŶĚǁŽƌŬǁŝƚŚǇŽƵƚŽĞŶƐƵƌĞŝƚƐĐŽŵƉůĞƚĞŶĞƐƐ͘KŶĐĞƌĞĂĚǇ͕ǇŽƵƌŐƌĂŶƚƐƉĞĐŝĂůŝƐƚǁŝůů ƐƵďŵŝƚŝƚƚŽ>/ĂŶĚĐŽƉǇǇŽƵŽŶƚŚĞĞŵĂŝů͘ tŚĞŶWƌĞǀĂŝůŝŶŐtĂŐĞĂƉƉůŝĞƐ͕ĂůůďŝĚƌĞƋƵĞƐƚƐĂŶĚZ&WƐŵƵƐƚƐƚĂƚĞƚŚĂƚƚŚĞƉƌŽũĞĐƚŝƐƐƵďũĞĐƚƚŽ ƉƌĞǀĂŝůŝŶŐǁĂŐĞƚŽĞŶƐƵƌĞƚŚĂƚŝŶĐŽŵŝŶŐďŝĚƐŚĂǀĞĨĂĐƚŽƌĞĚƉƌĞǀĂŝůŝŶŐǁĂŐĞƌĂƚĞƐŝŶƚŽƚŚĞŝƌƐƵďŵŝƚƚĂů͘ ƉƌĞǀĂŝůŝŶŐǁĂŐĞĨŽƌŵƐŚŽƵůĚĂĐĐŽŵƉĂŶǇƚŚĞƐĞďŝĚƐƵďŵŝƚƚĂůƐ͘ WĂƐƐͲdŚƌŽƵŐŚ'ƌĂŶƚƐZĞŝŵďƵƌƐĞŵĞŶƚDĂŶƵĂů;ƌĞǀϳͬϮϬϮϰͿϭϮ WƌĞǀĂŝůŝŶŐtĂŐĞŽĐƵŵĞŶƚĂƚŝŽŶ 'ƌĂŶƚĞĞƐŵƵƐƚƌĞƚĂŝŶĚŽĐƵŵĞŶƚĂƚŝŽŶŝŶƚŚĞƉƌŽũĞĐƚĨŝůĞĞŝƚŚĞƌŽĨƚŚĞƉƌĞǀĂŝůŝŶŐǁĂŐĞĨŽƌŵƐ͕ŽƌĂŶŽƚŝĐĞ ĨƌŽŵƚŚĞĞƉĂƌƚŵĞŶƚŽĨ>ĂďŽƌĂŶĚ/ŶĚƵƐƚƌǇƚŚĂƚƚŚĞƉƌŽũĞĐƚŝƐŶŽƚƐƵďũĞĐƚƚŽƉƌĞǀĂŝůŝŶŐǁĂŐĞ͘ /ŶƐƵƌĂŶĐĞZĞƋƵŝƌĞŵĞŶƚƐ tŚĞŶǁŽƌŬŝŶŐŽŶ^ƚĂƚĞ>ĂŶĚ͕ŐƌĂŶƚĞĞƐŵƵƐƚĨŽůůŽǁĂůůĂƉƉůŝĐĂďůĞƉŽůŝĐŝĞƐĂŶĚƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚĂƚ ůĂŶĚ͘EŽƚŚŝŶŐŝŶƚŚĞEZd&ĂŶĚK,&ĂƉƉƌŽƉƌŝĂƚŝŽŶƐƐƵƉĞƌƐĞĚĞƐƚŚĞƐĞƌĞƋƵŝƌĞŵĞŶƚƐ͘'ƌĂŶƚĞĞƐƐŚŽƵůĚ ǁŽƌŬǁŝƚŚƚŚĞĂƉƉƌŽƉƌŝĂƚĞŵĂŶĂŐĞŵĞŶƚƐƚĂĨĨĨŽƌƚŚĞ^ƚĂƚĞůĂŶĚƚŽĚĞƚĞƌŵŝŶĞƚŚĞƐĞƌĞƋƵŝƌĞŵĞŶƚƐ͘ /ŶƐƵƌĂŶĐĞŝƐƌĞƋƵŝƌĞĚƚŽĚŽǁŽƌŬŽŶƐƚĂƚĞůĂŶĚ͕ĨŽůůŽǁŝŶŐƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚĞDŝŶŶĞƐŽƚĂ ĞƉĂƌƚŵĞŶƚŽĨĚŵŝŶŝƐƚƌĂƚŝŽŶ͘dŚĞĐƵƌƌĞŶƚƌĞƋƵŝƌĞŵĞŶƚƐĂƌĞĂƚƚĂĐŚĞĚĂƐƉƉĞŶĚŝǆϮƚŽƚŚŝƐŵĂŶƵĂů͘ ŽƐƚĂƚĞŐŽƌǇͲ^ƉĞĐŝĨŝĐZĞƋƵŝƌĞŵĞŶƚƐ ƋƵŝƉŵĞŶƚ ZĞĐŽƌĚƐĨŽƌŐƌĂŶƚĞĞͲŽǁŶĞĚĞƋƵŝƉŵĞŶƚƵƐĞĚŽŶĂƉƌŽũĞĐƚŵƵƐƚŝŶĐůƵĚĞƚŚĞƚŝŵĞĂĐƚƵĂůůǇƵƐĞĚĨŽƌƚŚĞ ƉƌŽũĞĐƚĂŶĚƚŚĞĐŽŵƉƵƚĂƚŝŽŶƵƐĞĚƚŽĂƌƌŝǀĞĂƚƚŚĞĐŚĂƌŐĞĚƵƐĞƌĂƚĞ͘hƐĞƌĂƚĞƐĂƌĞƐƵďũĞĐƚƚŽƌĞǀŝĞǁďǇ EZ͘ ĂƉŝƚĂůƋƵŝƉŵĞŶƚ ĂƉŝƚĂůĞƋƵŝƉŵĞŶƚƉƵƌĐŚĂƐĞĚǁŝƚŚŐƌĂŶƚĨƵŶĚƐŵƵƐƚďĞ͗ ůŝƐƚĞĚŝŶƚŚĞĂƉƉƌŽǀĞĚǁŽƌŬͬĂĐĐŽŵƉůŝƐŚŵĞŶƚƉůĂŶƉƌŝŽƌƚŽƉƵƌĐŚĂƐĞ x ƚĂŐŐĞĚ͕ŵĂŝŶƚĂŝŶĞĚŝŶĂŶƵƉͲƚŽͲĚĂƚĞĚŝƌĞĐƚŽƌǇĂŶĚĂǀĂŝůĂďůĞĨŽƌƌĞǀŝĞǁ x >ĂŶĚĐƋƵŝƐŝƚŝŽŶƐ ŶǇƉƌŽũĞĐƚƚŚĂƚŝƐƐƵďũĞĐƚƚŽƚŚĞůĂŶĚĂĐƋƵŝƐŝƚŝŽŶƌĞƉŽƌƚŝŶŐƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚƚĂĐŚŵĞŶƚ;>ĂŶĚ x ĐƋƵŝƐŝƚŝŽŶĂŶĚZĞƉŽƌƚŝŶŐWƌŽĐĞĚƵƌĞƐͿǁŝůůďĞŚĞůĚƚŽƚŚĞŵŽƐƚĐƵƌƌĞŶƚǀĞƌƐŝŽŶŽĨƚƚĂĐŚŵĞŶƚ͘ dŚĞ'ƌĂŶƚƐhŶŝƚĐĂŶƚƌĂŶƐĨĞƌĨƵŶĚƐƚŽƚŚĞŐƌĂŶƚĞĞŽŶĞƚŽƚǁŽďƵƐŝŶĞƐƐĚĂǇƉƌŝŽƌƚŽƚŚĞĐůŽƐŝŶŐ x ĚĂƚĞƚŚƌŽƵŐŚĂŶ&d͘ /ŶŽƌĚĞƌƚŽƌĞĐĞŝǀĞĂŶĂĚǀĂŶĐĞƉĂǇŵĞŶƚĨŽƌǇŽƵƌĂĐƋƵŝƐŝƚŝŽŶ͕ĂůůƉƌĞͲĐůŽƐŝŶŐĚŽĐƵŵĞŶƚĂƚŝŽŶ x ĨŝĨƚĞĞŶďƵƐŝŶĞƐƐĚĂǇƐ ŵƵƐƚďĞƐƵďŵŝƚƚĞĚĂƚůĞĂƐƚŝŶĂĚǀĂŶĐĞŽĨƚŚĞĐůŽƐŝŶŐĚĂƚĞƐŽƚŚĞ'ƌĂŶƚƐ hŶŝƚĐĂŶƌĞǀŝĞǁƚŚĞƉĂƉĞƌǁŽƌŬ͕ŶŽƚŝĨǇƚŚĞŐƌĂŶƚĞĞŽĨĂŶǇŵŝƐƐŝŶŐŽƌŝŶĐŽŵƉůĞƚĞůĂŶĚĂĐƋƵŝƐŝƚŝŽŶ ĚŽĐƵŵĞŶƚĂƚŝŽŶĂŶĚƉƌŽĐĞƐƐƚŚĞƌĞƋƵĞƐƚ͘ >ĂŶĚĐƋƵŝƐŝƚŝŽŶƐhƐŝŶŐĂŝŶĚŝŶŐŐƌĞĞŵĞŶƚǆƚĞŶƐŝŽŶ &ŽƌK,&ŐƌĂŶƚƐŽůĚĞƌƚŚĂŶD>ϮϮ͕ĂŶĚĨŽƌEZd&ŐƌĂŶƚƐ͕ƚŚĞůĞŐŝƐůĂƚƵƌĞƉƌŽǀŝĚĞƐĂŶĞǆƚĞŶƐŝŽŶƚŽĐůŽƐĞ ŽŶůĂŶĚŝĨĂďŝŶĚŝŶŐĂŐƌĞĞŵĞŶƚŚĂƐďĞĞŶƐŝŐŶĞĚďĞĨŽƌĞƚŚĞůĂŶĚĂĐƋƵŝƐŝƚŝŽŶĞŶĚĚĂƚĞ͘/ŶŽƌĚĞƌƚŽďĞ ƌĞŝŵďƵƌƐĞĚĨŽƌůĂŶĚĂĐƋƵŝƐŝƚŝŽŶƐƚŚĂƚŽĐĐƵƌĚƵƌŝŶŐƚŚŝƐĞǆƚĞŶƐŝŽŶ͕ƚŚĞŐƌĂŶƚĞĞǁŝůůŶŽƚŝĨǇƚŚĞ^ƚĂƚĞƚŚĂƚ WĂƐƐͲdŚƌŽƵŐŚ'ƌĂŶƚƐZĞŝŵďƵƌƐĞŵĞŶƚDĂŶƵĂů;ƌĞǀϳͬϮϬϮϰͿϭϯ ĂďŝŶĚŝŶŐƉƵƌĐŚĂƐĞĂŐƌĞĞŵĞŶƚŚĂƐŽĐĐƵƌƌĞĚďĞĨŽƌĞƚŚĞĞŶĚŽĨƚŚĞůĂŶĚĂĐƋƵŝƐŝƚŝŽŶƉĞƌŝŽĚŝŶǇŽƵƌ ĂƉƉƌŽƉƌŝĂƚŝŽŶůĂǁ͘ EŽƚŝĨǇǇŽƵƌŐƌĂŶƚƐƉĞĐŝĂůŝƐƚƚŚĂƚǇŽƵŝŶƚĞŶĚƚŽŚĂǀĞĂďŝŶĚŝŶŐĂŐƌĞĞŵĞŶƚŝŶƉůĂĐĞďǇ:ƵŶĞϯϬŽĨ x ƚŚĞƌĞůĞǀĂŶƚǇĞĂƌ͘ WƌŽǀŝĚĞƉƌŽŽĨŽĨƚŚĂƚĂŐƌĞĞŵĞŶƚŶŽůĂƚĞƌƚŚĂŶ:ƵůǇϭϱ͘ x &ĂŝůƵƌĞƚŽĚŽƐŽŵĂǇƐŝŐŶŝĨŝĐĂŶƚůǇĂĨĨĞĐƚƉĂǇŵĞŶƚ͘/ŶƚŚĂƚĐĂƐĞ͕ŶŽƚŝĨǇǇŽƵƌŐƌĂŶƚƐƉĞĐŝĂůŝƐƚĂƐ x ƐŽŽŶĂƐƉŽƐƐŝďůĞŽĨƚŚĞďŝŶĚŝŶŐĂŐƌĞĞŵĞŶƚ͘ hƐĞŽĨ&ƵŶĚƐ 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ĂƚĞƚŚĞƐĞƌǀŝĐĞǁĂƐƉĞƌĨŽƌŵĞĚ x YƵĂŶƚŝƚǇŽĨŝƚĞŵ;ƐͿƉƵƌĐŚĂƐĞĚŽƌŚŽƵƌƐǁŽƌŬĞĚ x ĞƐĐƌŝƉƚŝŽŶŽĨŝƚĞŵ;ƐͿŽƌƐĞƌǀŝĐĞƐƉƵƌĐŚĂƐĞĚ x hŶŝƚƉƌŝĐĞͬWƌŽƌĂƚĞ x dŽƚĂůĂŵŽƵŶƚŽĨƚŚĞůŝŶĞŝƚĞŵ͘ x dƌĂǀĞů dƌĂǀĞůŵƵƐƚďĞŝŶĐůƵĚĞĚŝŶƚŚĞĂƉƉƌŽǀĞĚǁŽƌŬͬĂĐĐŽŵƉůŝƐŚŵĞŶƚƉůĂŶĂŶĚďƵĚŐĞƚŝŶŽƌĚĞƌƚŽďĞĞůŝŐŝďůĞ ĨŽƌƌĞŝŵďƵƌƐĞŵĞŶƚ͘KƵƚŽĨƐƚĂƚĞƚƌĂǀĞůŝƐĂŶŝŶĞůŝŐŝďůĞĞǆƉĞŶƐĞĨŽƌďŽƚŚEZd&ĂŶĚK,&ƉƌŽũĞĐƚƐƵŶůĞƐƐ ĞǆƉůŝĐŝƚůǇĂƉƉƌŽǀĞĚŝŶƚŚĞǁŽƌŬͬĂĐĐŽŵƉůŝƐŚŵĞŶƚƉůĂŶ͘ WĂƐƐͲdŚƌŽƵŐŚ'ƌĂŶƚƐZĞŝŵďƵƌƐĞŵĞŶƚDĂŶƵĂů;ƌĞǀϳͬϮϬϮϰͿϭϰ dƌĂǀĞůĞǆƉĞŶƐĞƐŵƵƐƚĨŽůůŽǁŽŵŵŝƐƐŝŽŶĞƌ͛ƐWůĂŶŐƵŝĚĞůŝŶĞƐŝŶŽƌĚĞƌƚŽďĞĞůŝŐŝďůĞĨŽƌƌĞŝŵďƵƌƐĞŵĞŶƚ͘ ZĞĨĞƌƚŽŚĂƉƚĞƌϭϱ;ǆƉĞŶƐĞZĞŝŵďƵƌƐĞŵĞŶƚͿŽĨƚŚĞŽŵŵŝƐƐŝŽŶĞƌ͛ƐWůĂŶ͕ǁŚŝĐŚŝŶĐůƵĚĞƐŵŝůĞĂŐĞĂŶĚ ŵĞĂůƌĞŝŵďƵƌƐĞŵĞŶƚƌĂƚĞŐƵŝĚĞůŝŶĞƐ͘/ŶĨŽƌŵĂƚŝŽŶŽŶƚƌĂǀĞůĞǆƉĞŶƐĞƐĐĂŶĂůƐŽďĞĨŽƵŶĚŽŶƚŚĞdƌĂǀĞů ZĞŝŵďƵƌƐĞŵĞŶƚĂŶĚŽĐƵŵĞŶƚĂƚŝŽŶ'ƵŝĚĞĂǀĂŝůĂďůĞŽŶƚŚĞEZWĂƐƐͲdŚƌŽƵŐŚŐƌĂŶƚǁĞďƐŝƚĞ͘ ŽŶƚĂĐƚ/ŶĨŽƌŵĂƚŝŽŶ DŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨEĂƚƵƌĂůZĞƐŽƵƌĐĞƐ KĨĨŝĐĞŽĨDĂŶĂŐĞŵĞŶƚĂŶĚƵĚŐĞƚ^ĞƌǀŝĐĞƐ͕'ƌĂŶƚƐhŶŝƚ ϱϬϬ>ĂĨĂǇĞƚƚĞZŽĂĚ^ƚ͘WĂƵů͕DEϱϱϭϱϱͲϰϬϭϬ WĂƐƐͲdŚƌŽƵŐŚ'ƌĂŶƚƐtĞďƐŝƚĞ <ĂƚŚĞƌŝŶĞ^ŚĞƌŵĂŶͲ,ŽĞŚŶ͕'ƌĂŶƚƐDĂŶĂŐĞƌ;^ƚĂƚĞƵƚŚŽƌŝǌĞĚZĞƉƌĞƐĞŶƚĂƚŝǀĞͿ WŚŽŶĞ͗ϲϱϭͲϮϱϵͲϱϱϯϯ ͲŵĂŝů͗ŬĂƚŚĞƌŝŶĞ͘ƐŚĞƌŵĂŶͲŚŽĞŚŶΛƐƚĂƚĞ͘ŵŶ͘ƵƐ <ĂƌĞŶDƵĞůůĞƌ͕'ƌĂŶƚƐ^ƉĞĐŝĂůŝƐƚ^ĞŶŝŽƌ WŚŽŶĞ͗ϲϱϭͲϮϱϵͲϱϱϱϵ ͲŵĂŝů͗ŬĂƌĞŶ͘ĐŝďƵǌĂƌͲŵƵĞůůĞƌΛƐƚĂƚĞ͘ŵŶ͘ƵƐ DŽŶŝĐĂtĞďĞƌ͕'ƌĂŶƚƐ^ƉĞĐŝĂůŝƐƚ^ƌ͘ WŚŽŶĞ͗ϲϱϭͲϮϱϵͲϱϯϳϬ ͲŵĂŝů͗ŵŽŶŝĐĂ͘ǁĞďĞƌΛƐƚĂƚĞ͘ŵŶ͘ƵƐ ^ƚĞƉŚĞŶŝ,ƵďĞƌƚ͕'ƌĂŶƚƐ^ƉĞĐŝĂůŝƐƚŽŽƌĚŝŶĂƚŽƌ WŚŽŶĞ͗ϲϱϭͲϮϱϵͲϱϱϳϮ ͲŵĂŝů͗ƐƚĞƉŚĞŶŝ͘ŚƵďĞƌƚΛƐƚĂƚĞ͘ŵŶ͘ƵƐ DĂŶĚǇ^ŬǇƉĂůĂ͕'ƌĂŶƚƐ^ƉĞĐŝĂůŝƐƚŽŽƌĚŝŶĂƚŽƌ WŚŽŶĞ͗ϲϱϭͲϮϱϵͲϱϱϰϯ ͲŵĂŝů͗ŵĂĚĞůĞŝŶĞ͘ƐŬǇƉĂůĂΛƐƚĂƚĞ͘ŵŶ͘ƵƐ :ĂƐŽŶdŝĚĞŵĂŶŶ͕'ƌĂŶƚƐ^ƉĞĐŝĂůŝƐƚŽŽƌĚŝŶĂƚŽƌ WŚŽŶĞ͗ϲϱϭͲϮϱϵͲϱϱϯϰ ͲŵĂŝů͗ũĂƐŽŶ͘ƚŝĚĞŵĂŶŶΛƐƚĂƚĞ͘ŵŶ͘ƵƐ WĂƐƐͲdŚƌŽƵŐŚ'ƌĂŶƚƐZĞŝŵďƵƌƐĞŵĞŶƚDĂŶƵĂů;ƌĞǀϳͬϮϬϮϰͿϭϱ WWE/^ WWE/yϭ͗ZĞŝŵďƵƌƐĞŵĞŶƚZĞƋƵĞƐƚŚĞĐŬůŝƐƚ dŚĞŝƚĞŵƐŽŶƚŚĞĐŚĞĐŬůŝƐƚďĞůŽǁŵƵƐƚďĞŝŶĐůƵĚĞĚǁŝƚŚĂƌĞŝŵďƵƌƐĞŵĞŶƚƌĞƋƵĞƐƚ͘WůĞĂƐĞƵƐĞƚŚĞĐŚĞĐŬůŝƐƚƚŽ ĞŶƐƵƌĞƚŚĂƚƚŚĞƉĂǇŵĞŶƚƌĞƋƵĞƐƚŝƐĐŽŵƉůĞƚĞ͘ &ŽƌĂůůƉƌŽũĞĐƚƐ͕ƚŚĞ'ƌĂŶƚĞĞŵƵƐƚƐƵďŵŝƚƚŚĞĨŽůůŽǁŝŶŐ͗ ͺͺͺͺϭ͘WƌŽũĞĐƚZĞŝŵďƵƌƐĞŵĞŶƚWĂǇŵĞŶƚZĞƋƵĞƐƚ&Žƌŵ dŚŝƐĚŽĐƵŵĞŶƚŵƵƐƚďĞĚĂƚĞĚĂŶĚƐŝŐŶĞĚďǇĂŶĂƉƉƌŽƉƌŝĂƚĞƌĞƉƌĞƐĞŶƚĂƚŝǀĞĨŽƌƚŚĞŐƌĂŶƚĞĞ͘WůĞĂƐĞ ĐŽŵƉůĞƚĞƚŚĞĨŽƌŵĂŶĚŝŶĐůƵĚĞƚŚĞŶĂŵĞŽĨƚŚĞƉƌŽũĞĐƚ͕ƚŚĞ^t/&dƉƵƌĐŚĂƐĞŽƌĚĞƌŶƵŵďĞƌ 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