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ŝŶĚLJ^ŚŽŶĞƐ ŝŶĚLJ^ƵĞ,ŽŽƚ^ĞƉĞĚĂ ůĂŝƌĞ:DĐ>ĞůůĂŶͲĂƐƐŝǀŝ ůŝĨĨŽƌĚ>ĂǁƌĞŶĐĞ^ũŽůƵŶĚ ŽůůĞĞŶ,ŽĞĨƚ ŽůůĞĞŶ,ĞƐƐĞ ŽůůĞĞŶZĞŶĂĞhůǁĞůůŝŶŐ ŽŶŶŝĞĞŶũĂŵŝŶ ŽŶŶŝĞ<ĂLJ&Ždž ŽŶŶŝĞ<ĂLJ,ƵĚƐŽŶ ŽŶƐƚĂŶĐĞDƵĚŽƌĞ ŽŶƐƚĂŶĐĞWŽůŬ ŽƉĞůĂŶĚ^ĂŵƵĞů^ƚĞĞůĞ ŽƌLJ:ĞƌŽŵĞ,ĂĂƐ ŽƵƌƚŶĞLJDŝĐŚĞůůĞDĐůƵŶŐ ƌĂŝŐ^ǁĂůďŽƐŬŝ ƌĂŝŐŚĂƌůĞƐtƌƵĐŬ LJŶƚŚŝĂ&ƌŝĞĚƚ LJŶƚŚŝĂ<ƌƵĞŐĞƌ LJŶƚŚŝĂEŽƌŐĂƌĚ LJŶƚŚŝĂ>ĞĞ^ŝĞŐůĞ ĂůĞĂŬĞƌ ĂůĞĚǁĂƌĚ,Ğŝŵ  ĂůĞŶĞŽƚƚͲ<ŝƚƐůĂĂƌ ĂŶŐŽĚĂǀĂ ĂŶĂEŽƌƚŚŽƵƐĞ ĂŶĂ<ŶĂĂŬ ĂŶŝĞůDĞƌƐĞů ĂŶŝĞůĞůĂŶŽ ĂŶŝĞůůĞůŽƵƚŝĞƌ ĂƌůĞŶĞŚƌŝƐƚŽƉŚĞƌƐŽŶ ĂǀĞ>'ƌŽƚĞůƵƐĐŚĞŶ ĂǀŝĚƵĐŚĂŶĂŶ ĂǀŝĚ&ƌĞĞĚŵĂŶ ĂǀŝĚ'ƌĞLJŵŽŶƚ ĂǀŝĚDĞĞƌ ĂǀŝĚDŝĐŬĞůƐŽŶ ĂǀŝĚ^ĂůĐŚŽǁ ĂǀŝĚ^ƉƌĞŶŐĞƌ ĂǀŝĚtĞůƐŚ ĂǀŝĚůĂŶtĂůƚĞƌƐ ĂǀŝĚĚǁĂƌĚƌĂŶĚƚ ĂǀŝĚ&>ĂĞĐŚĞů ĂǀŝĚ'ƵďďĞůƐ ĂǀŝĚ:ĂŵĞƐ/ŶǁĂƌĚƐ ĂǀŝĚ:ĂŵǁƐƚǁŽŽĚ ĂǀŝĚ:ŽŚŶ<ĂƉůĂŶ ĂǀŝĚ>ĞĞĐĞǀĞĚŽ ĂǀŝĚ>ĞĞĐĞǀĞĚŽ ĂǀŝĚWĂƵůdŚŽŵƐŽŶ ĂǀŝĚtĂůƚĞƌ'ŝďƐŽŶ ĂǁŶDĞůů ĂǁŶZĂĞDŽĞŶ ĂǁŶZĞŶĞĞDĐĂƌƚĞƌ ĞĂŶĂĂƌƌ ĞďŽƌĂŚDĐtŝůůŝĂŵƐ ĞďŽƌĂŚWĂůŵĞƌ ĞďŽƌĂŚdĞƐŬĞ ĞďŽƌĂŚtŝůůŝĂŵƐŽŶ ĞďŽƌĂŚzĞƚnjĞƌ ĞďŽƌĂŚZĞƐŵĂŶ ĞďŽƌĂŚZŽďŝŶĞŶnj ĞďƌĂĂůů ĞďƌĂƵŬĂƌƚ  ĞďƌĂ'ŝďƐŽŶ ĞďƌĂKƌƌŝƐ ĞďƌĂZĂŶĨƌĂŶnj ĞďƌĂtĂůƚnj ĞďƌĂĞŶŬĞƌ ĞďƌĂŶŶ:ĂĐŽďƐŽŶ ĞďƌĂ>WĂƚnjŶĞƌ ĞĞDsŽůĚĂů ĞŝĚƌĞDĂƌŝĞƵůůĞŶ ĞŶŝƐĞůĂƌŬ ĞŶŝƐĞDĂƌŝĞƌƵŐŐĞŶƚŚŝĞƐ ĞŶŶŝƐĞĂŶ&ŽƐƚĞƌ ĞŶŶŝƐtĂƌƌĞŶ'ĂƌĚŶĞƌ ŝĂŶĞ'ƌĂŶƚ ŝĂŶĞĞŝƐǁĂŶŐĞƌ ŝĂŶĞ>ŽƵDĂůŽŶĞ ŝĂŶĞ>ŽƵŝƐĞĂŚůŐƌĞŶ ŝĂŶĞDWŽůůŽĐŬ ŝĂŶĞDdůŽƵŐĂŶ ŝĂŶŶZĞŶĂĂƐ ŝŵŝƚƌĂŶĚƌĞĂĚĂŬŝ ŽŶĂůĚEŽŐŽƐĞŬ ŽŶĂůĚ>ĞĞŚĂĚďŽƵƌŶ ŽŶŶĂƵŶŶŝŶŐŚĂŵ ŽŶŶĂWƌŽĞƐĐŚĞů ŽŶŶĂZDŝůůĞƌ ŽƵŐůĂƐůůĞŶEĞůƐŽŶ ƵĂŶĞĞĂů^ƌ͘ ƵĂŶĞ^ĂƵŬĞ ƵĂŶĞůůĞŶ:ŽŶĞƐ ƵĂŶĞDĂƌƚŝŶĞĂů LJůĂŶŚƌŝƐƚŽƉŚĞƌƐŽŶ LJůĂŶ<ĂŶŶĂƐ ĚǁĂƌĚ&ĂĐŚĂƌLJ ĚǁĂƌĚ:ĂĐŽď'Ğƌǁŝůů ůĂŝŶĞŝƌŐŝŶ ůĂŝŶĞtŝůůŝƐ ůĞŶĂKƌĞůůĂŶĂ ůŝũĂŚĞĂůů ůŝnjĂďĞƚŚ<ŝĞĨĞƌ ůŝnjĂďĞƚŚ^ĐŚůŽƐƐĞƌ  ůŝnjĂďĞƚŚZŽŶŶŝŶŐĞŶ ůŝnjĂďĞƚŚ:Ž>ĞŝƐĞŶ'ůĂƐƌƵĚ ůŝnjĂďĞƚŚW^ĐŚŝŶŝŐŽŝ ůŝnjĂďĞƚŚ^,ŽůŵďĞƌŐ ůůĂ:ŽLJ^ĐŚŽƌŶĂĐŬ ůůĞŶĂƵŵĂŶ ůůĞŶ,ƵƐƚŽŶ ůůĞŶ^ĐŚƵůƚnjĞ ůůĞŶDĂƌLJZƵĞ ůŽŝƐĞ>ůĞŶŬƵƐŚ ŵŝůLJƵƌŐĂƌĚ ŵŝůLJĞ'ƌĂnjŝĂ ŵŝůLJ<ƌĞŬĞůďĞƌŐ ŵŝůLJEĞǀŝůůĞ ŵŝůLJdŚŽŵƉƐŽŶ ŶĂWĂƵůŝŶĞŝƐĞǁƐŬŝ ƌŝĐKƐƚůŝĞ ƌŝĐZĂǀĞŶ ƌŝĐ^ƚĂƌŶĞƐ ƌŝĐtĞůŚĂǀĞŶ ƌŝĐ>ĂǁƌĞŶĐĞDĂƚƚĞƐŽŶ ƌŝŬsŽůĚĂů ƌŝŶĂƌƌĞƚŽ ƌŝŶDĂƌŝĞ<ĂƌĂƵ ƌŝŶWĞĂƌůƌĞǁƐƚĞƌ ƵŐĞŶĞ<ĞůnjĞƌ ǀĂƌŝĞWƌĞƐƚĂŶŽ &ĞƌLJĂů,ĂũŝƌĂ^ƵďŚĂŶŝ &ůŽƌĂZŽďŝŶƐŽŶ,ŽǁŝĞ &ůŽLJĚKΖƌLJĂŶ &ƌĂŶĐŬDĂdžŝŵĞEŽƵƌƌLJͲĂďƌŽů &ƌĂŶŬƌƵŬƚĂŝŶŝƐ &ƌĞĚĞƌŝĐŬ^^ƵŚůĞƌ &ƌĞĚƌŝĐ<ůĞŝŶďĞƌŐ &ƌĞĚƌŝĐŬZ,ƵŐŚĞƐ 'ĂƌLJĞƚƚŝŶŐ 'ĂƌLJ>ƵĞĐŬ 'ĂƌLJ>,ĂŶƐĞŶ 'ĂǀŝŶ>ĞůĂŶĚ>ĂƌƐŽŶ 'ĂLJůĞ,ŽůƚĞƌ 'ĞŶĞKƐƚƌŽŵ  'ĞŽƌŐĞ>ŽƌĞŶƚnj 'ĞŽƌŐĞ:ĂŵĞƐZŽŵĂŶŽ 'ĞŽƌŐŝĂ^ĐŚƵůnj 'ŝůŵĂŶ^ƚƌĂŶĚ 'ŝŶĂƌůŝŶĞŝůůLJ 'ŝŶĂ>ĂŶĞƚƚĞZƵŶĚƋƵŝƐƚ 'ůĞŶ^ĂƉŽŶĂƌŝ 'ůĞŶŶDŽŶƐŽŶ 'ŽƌĚŽŶ&,ŽĨĨŵĂŶŶ 'ƌĂĐĞƵƌƌLJ 'ƌĞŐŽƌLJĂƵĐƵƚƚ 'ƌĞŐŽƌLJ'ĞŶƚƌLJ 'ƌĞŐŽƌLJ'ůĂƐĞŶĂƉƉ 'ƵLJtsŝŐ 'ǁĞŶĚŽůLJŶůŝŐŶŽͲ&ĂůůĂƌŵĞ ,ĂŶŶĂŚKĞůƚũĞŶ ,ĂŶŶĂŚtĂůƚĞƌƐ ,ĂƌŽůĚ,ĂƚƚŽŶ ,ĞĂƚŚĞƌĚĂŵƐŽŶŝůůŽŶ ,ĞĂƚŚĞƌ<ĞůůLJ ,ĞĂƚŚĞƌDtŝůŚŽŝƚ ,ĞŝĚŝŶŶ<ĞƌŶ ,ĞŝĚŝ>LJŶ'ƌĂŶƐƚƌŽŵ ,ĞůĞŶ<ŶŝŐŚƚ ,ĞůĞŶ^>ĂĂĐŬ ,ƵĞLJtĂŶŐ /ƌĞŶĞ'ƌŝĐĞ /ƌǁŝŶDŝĐŚĂĞůƌŽĚLJ /ƐĂďĞů^ƵnjĂŶŶĞtŽŶŐ /ƐĂďĞůůĂ&ĂŝƚŚDŽĞ /ǀĂŚŶŽĐŬƚĞƌ :^ƚĞǁĂƌƚ^ǁĂŶƐŽŶ :ĂĐŬdŚŽŵĂƐ :ĂĐŬŽLJƐƚŽŶ>ĞĞ :ĂĐŬŝĞ>:ŽŚŶƐŽŶ :ĂĐůLJŶŶŶ^ƚĞŐĞƌ :ĂĐƋƵĞůŝŶĞ:ŽŶĞƐ :ĂŬĞ^ůĂǁƐŽŶ :ĂŵĞƐŶĚĞƌƐŽŶ :ĂŵĞƐŽLJůĞ :ĂŵĞƐ'ŝĞďĞů  :ĂŵĞƐDĐEĞŝů :ĂŵĞƐWŚŝůůŝƉƐ :ĂŵĞƐ^Ɖŝƚnj :ĂŵĞƐdůŽƵŐĂŶ :ĂŵĞƐĂǀŝĚ^ƚƌŽŵ :ĂŵĞƐŽƵŐůĂƐ,ŽLJĞƌ :ĂŵĞƐ&ZĞŶƚnj :ĂŵĞƐ'ƌĂŚĂŵĞŶƚŚĂůů :ĂŵĞƐ,DĂƌŽŶĚĞ :ĂŵĞƐZ<ĞůnjĞŶďĞƌŐ :ĂŵĞƐ^ĐŽƚƚ,ŝĐŬƐ :ĂŵĞƐt,ĞŝŶŝŶŐ :ĂŶĞĂƌůƐŽŶ :ĂŶĞƌĞŶŶĂŶ :ĂŶĞ'ŝůĞ :ĂŶĞ'ƌĞŝůŝŶŐ :ĂŶĞ/ĚĚŝŶŐƐ :ĂŶĞZŽƐĞŶŵĂŶ :ĂŶĞůŝnjĂďĞƚŚZLJĂŶ :ĂŶĞůŝnjĂďĞƚŚ^ŵŝƚŚ :ĂŶĞůůĞŶ>ŝŶĚĂŚů :ĂŶĞ>ƵƌŐƐƚĂůĞƌ :ĂŶĞůĂDĂĞ,ƵďŬĂ :ĂŶĞƚD^ƚĂůŽĐŚ :ĂŶĞƚDDĂƌŝĞ:ŽŚŶƐŽŶ :ĂŶĞƚDĂƌŝĞĞĚĞƌŚŽůŵ :ĂŶĞƚĞŚƌĞŶƐ :ĂŶŝĐĞ,ĂLJ :ĂŶŝĐĞ<^ƚƌĂŶĚ :ĂŶŝĐĞ>>ŝĞŶ :ĂŶŝĐĞD<ŽǁĂůĐnjLJŬ :ĂŶŝƚŚŽƌŬŝůů :ĂƐŽŶůƵŵ :ĂƐŽŶZĞŝƐƚĂĚ :ĂLJ>LJŶŶ,ŽĞĐŬĞƌ :ĞĂŶĂƌƚŚ :ĞĂŶ:ĞĐŚ :ĞĂŶD&ĂƌŵĞƌ :ĞĂŶDĂƌŝĞdŚĞŽďĂůĚ :ĞĂŶĞƚƚĞ>ĞŝĚĂůů :ĞĂŶŶĞtŝůŬŝŶƐŽŶ  :ĞĂŶŶĞDĂƌĐŝůĞĂĨŽƵƌĞŬ :ĞĂŶŶŝĞDĂƌŝĞŽŶĞƐƐ :ĞĨĨƌĞLJůůŵĂŶ :ĞĨĨƌĞLJƌƵŶƐ :ĞĨĨƌĞLJ^ĐŚŵŽůů :ĞĨĨƌĞLJůĂŶ>ƵŶĚĞ :ĞĨĨƌĞLJ:ŽŶĞƐ :ĞĨĨƌĞLJ^ĂƵů'ŽƌĨŝŶĞ :ĞŶŝĨĞƌDĂŐĞƌĂ :ĞŶŶĂZĞƚƚĞƌĂƚŚ :ĞŶŶĂ'ĞƌĂůĚŝŶĞ'ŽůĚƐŵŝƚŚ :ĞŶŶĞůůWƌĞŶƚŝĐĞŶĚƌŝnjnjŝ :ĞŶŶŝĞ>ĞŵŝƌĞ :ĞŶŶŝĨĞƌ'ĂƌŶĞƐƐ :ĞŶŶŝĨĞƌ'ƌĂŶƚŚĂŵ :ĞŶŶŝĨĞƌŶŶĞ^ŚĞƉŚĞƌĚ :ĞŶŶŝĨĞƌ>tĞůĐŚ :ĞŶŶŝĨĞƌE^ƚĂŵ :ĞƌĞŵLJŶnjĞŶĂƵĞƌ :ĞƌŝKƐƚƌĞŵ :ĞƌLJůDŝƚĐŚĞůů :ĞƐƐĞůĂƌŬĂůů :ĞƐƐŝĐĂ:ŽŚŶƐƌƵĚ :ĞƐƐŝĐĂĂŝƚĞWĞƚĞƌƐŽŶ :ĞƐƐŝĐĂ:ĞĂŶ^ĂǁǀĞůů :ŝůůƌĂŶĚƚ :ŽĂŶ^ƚŝůůĞƌ :ŽĂŶDĂƌŝĞ&ůĂŚĞƌƚLJ :ŽĂŶŶĞdŚĞƌĞƐĞĞŶƐŽŶ :ŽĐĞůLJŶĞZĞŶĂƵůƚ :ŽĚLJ>ůŝŬĞŵĂŶ :ŽĞůZŽďĞƌƚKƚƚ :ŽĞLJDĂƌƚŝŶWŽƐƐ :ŽŚĂŶŶĂDĞLJĞƌ :ŽŚŶůďƌĞĐŚƚ :ŽŚŶ'ŝĨĨŽƌĚ :ŽŚŶsĂŶWƌŽŽƐĚLJ :ŽŚŶzŽƵŶŐ :ŽŚŶůĨƌĞĚDŽnjŝŶĂ :ŽŚŶZƵĞŐŐ :ŽŚŶĂŵƉďĞůů  :ŽŚŶĂǀŝĚƌŽǁŶĞůů :ŽŚŶ,,ĂŶĚĨŽƌƚŚ :ŽŚŶ:ĂĐŽďsĂŶŐŶĞƐƐ :ŽŚŶDĂůĐŽůŵŽĐŬĞƌƚLJ :ŽŚŶWĂƵůĂƌůƐŽŶ :ŽŚŶZ^ŽůďĞƌŐ :ŽŶ,ĞƌďĞƌ :ŽŶZŝĐŚĂƌĚtĞŝďĞƌŐ :ŽŶĂƚŚĂŶdŚŽƌĞƐŽŶ :ŽŶŝ<ĂůůŝƐ :ŽƌƌŝĞ:ŽŚŶƐŽŶ :ŽƐĞƉŚDƵƌƉŚLJ :ŽƐĞƉŚEŝdž :ŽƐĞƉŚ&ƌĂŶĐŝƐKΖƌŝĞŶ :ŽƐĞƉŚ',ĞŝŶƐ :ŽƐĞƉŚtŝůůŝĂŵ,ŽĞĨƚ :ŽƐĞƉŚtŝůůŝĂŵ,ŽĞĨƚ :ŽƐŚƵĂdĂƌďĞůů :ŽLJ^ĂŶŬĞŶ>ĂƌƐŽŶ :ƵĚŝƚŚ,ŝĐŬĞLJ :ƵĚŝƚŚĞǀŽƌĂŬ :ƵĚŝƚŚĂ^ŶLJĚĞƌ :ƵĚLJ/ŶĚƌĞůŝĞ :ƵĚLJŶŶWĞƚĞƌƐŽŶ :ƵĚLJ<<ƌĂĐŚƚ :ƵůŝĂƌƵƚĐŚĞƌ :ƵůŝĂZŽƐĞŶĚĞƌƐŽŶ :ƵůŝĞŶĚĞƌƐŽŶ :ƵůŝĞƌŽĐŬ :ƵůŝĞWŽƌĐŚĞƌ :ƵůŝĞ^ĞŶƐŬĂ :ƵůŝĞŶŶEĞƵŵĂŶŶ :ƵůŝĞŶŶsƌĂŶĂ :ƵůŝĞ,ĞƌƌĞƌĂͲ>ĞŵůĞƌ :ƵŶĞ^ƵůůŝǀĂŶ :ƵŶĞ<^ƚŽĞŚƌ :ƵŶŝŽƌ^ŵŝƚŚ <ĂƌĂsŝŐ <ĂƌĞůDĂƌŝĞ<ƌƵƐĞŝŶŐŶĞƌ <ĂƌĞŶ&ŝĞůĚƐ <ĂƌĞŶEĞůƐŽŶ  <ĂƌĞŶKƚƚŽ <ĂƌĞŶůŝnjĂďĞƚŚdŽŽŐŽŽĚ <ĂƌĞŶ<ƌŝƐƚŝŶĞŽƌƵƉ <ĂƌĞŶ>ŽƐƚĂͲdĂƉƉŽŶ <ĂƌĞŶ^ŶĚƌĞǁƐ <ĂƌĞŶ^ŽŚĞŶ <ĂƌĞŶzǀŽŶŶĞĚŝŶ <ĂƌůZWĂƐĐŚ <ĂƌůĂDĞĞƐ <ĂƌůĂ<ĂLJĞŚƌŝŶŐĞƌ <ĂƌŽůLJŶĞƚĞƌŵĂŶ <ĂƚŚĞƌŝŶĞƌĂĚůĞLJ <ĂƚŚĞƌŝŶĞ^ƚĞĐŚĞƌ <ĂƚŚůĞĞŶDĞLJĞƌůĞ <ĂƚŚůĞĞŶ^ŵŝƚŚ <ĂƚŚůĞĞŶŶŶŽďƐŽŶ <ĂƚŚůĞĞŶ:ƵŶĞWĞƐƚŽƚŶŝŬ <ĂƚŚůĞĞŶDDĂĞŐĞƌůĞŝŶ <ĂƚŚƌLJŶ'ĂŝŶĞƐ <ĂƚŚƌLJŶ'ĂƌĚŶĞƌ <ĂƚŚƌLJŶ'ĂƌĚŶĞƌ <ĂƚŚƌLJŶƌƵƚŝŶĞů <ĂƚŚƌLJŶƌŝĚŝŶŐĞƌ,ŽLJĞƌ <ĂƚŚƌLJŶƵƌĐŚ <ĂƚŚLJDĐĂƌƚŚLJ <ĂLJ>ZLJĚĞĞŶ <ĂLJ>^Ğŝƚnj <ĂnjĞĞŵKǁŽůĂďŝ <ĞĞůLJWƌŽĞƐĐŚĞů <ĞŝƚŚĚǁĂƌĚdƌŽŵ <ĞůůLJ<ĂƐĞŵĂŶ <ĞŶĚĂůhƌƐŝŶ <ĞŶĚƌĂtĞďĞƌ <ĞŶŶĞƚŚDĐĂƐůĂŶĚ <ĞŶŶĞƚŚZĞĞĚ <ĞŶŶĞƚŚĂƌŶĞƐEŽƌŵŝŶŐƚŽŶ <ĞŶŶĞƚŚƌŽǁŶ <ĞŶŶĞƚŚ>^ĐŚƵůƚnj <ĞŶŶĞƚŚ^ĐŽƚƚĂŚůŐƌĞŶ <ĞŶƚ>ĂƌƐŽŶ <ĞƌƌLJ>LJŶŶDĞůŶLJĐnjĞŶŬŽ  <ĞǀŝŶƌŽĂů <ĞǀŝŶ<ĞŶƚǁŝŶŐ <ŝŵ,ƵĚĞĐĞŬ <ŝŵ^ƚĂƌƌ <ŝŵďĞƌůĞĞũĞƌŬĞdĞƌƌŝŽ <ŝŵďĞƌůLJtĞƚƚůĞƐŽŶ <ŝŵďĞƌůLJŶŶĂƌƚĞůĂƵŵĂŶ <ŝƌƐƚĞŶZŝĐĂƌĚ <ŝƌƐƚĞŶŝƌĚ>ŝŶĐŽůŶ <ƌŝƐŚŶĂĐŚĂƌLJĂ <ƌŝƐƚĂŽƐƚŽŶ <ƌŝƐƚĞŶŶĚĞƌďĞĐŬ <ƌŝƐƚĞŶ<ĂƵĨĨŵĂŶŶ <ƌŝƐƚĞŶ^,ŽďĚĂLJ <ƌŝƐƚŝ<ůĞŝŶďĞĐŬ <ƌŝƐƚŝ>:ĂĐŽďƐŽŶ <ƌŝƐƚŝEŽĞů<ƌŽƚnjĞƌ <ƌŝƐƚŝŶZŽďŝŶƐŽŶ <ƵŶ>ŝƵ >ĂƌƌLJŽƵƚĞůůĞ >ĂƚƌŝĐŝĂWĞƚĞƌƐ >ĂƵƌĂ,ĂƌƚĞƌƚ >ĂƵƌĂ^ŚŝƌĞŬ >ĂƵƌĂtĂůŬĞƌ >ĂƵƌĂZĞŶŶŝŶŐ >ĂƵƌĞŶ:ĞŶƐĞŶ >ĂƵƌŝĞ:ĞĂŶĂŝŶ >ĞĂŚƌŽǁŶ >Ğ&ĂLJůůŝƐƚŽŶhƚƚĞĐŚƚ >ĞƐůŝĞƵƌŚŵĂŶ >ĞƐůŝĞ,ĂƌƌŝŶŐƚŽŶ >ŝůůŝĂŶ^ƉŝůĚĞ >ŝůLJDĂĞƵĞůůŵĂŶ >ŝŶĚĂƌĂĚůĞLJ >ŝŶĚĂƵŶĐĂŶ >ŝŶĚĂ,ĂůĞ >ŝŶĚĂ,ƵƐƐĞƌ >ŝŶĚĂDĂŶƐĨŝĞůĚ >ŝŶĚĂ:ĞĐŬĞƌ >ŝŶĚĂ<,LJĚĞ >ŝŶĚĂ>>ƵŶĚŝŶ  >ŝŶĚĂDĂƌŝĞ<ŝŵďĞƌ >ŝŶĚĂZ<ƵĞŚŶ >ŝƐĂDĐŽƌŵŝĐŬ >ŝƐĂhƐƚďLJ >ŝƐĂŚůĞŝƚĞƌ >ŝƐĂ:ůĞĞŬĞƌ >ŝnjĂďĞƚŚƵƌŐĞƐƐ >ŽĨƚĞŶZŽďĞƌƚĞƉƌĞnj >ŽŝƐ^ĂdžƚŽŶ >ŽŶŶŝĞKĞůƚũĞŶ >ŽƌĞŶ,ĞƌďĞƌƚĞŶnj >ŽƌĞŶĞD&ƵĐŚƐ >Žƌŝ'ĞŽƌŐĞ >Žƌŝ^ŚĂǁ >Žƌŝ;ƉƌĞǀŝŽƵƐůLJ ƵƌŐŝŶͿ^ƚƵƌŐŝƐ >ŽƵŝƐĞŚƌĞŶƐ >ŽƵŝƐtŝůůŝĂŵŝƚŶĂLJ >LJĚŝĂ^ĐŚŽƵƚĞŶ >LJŶŶŶWĞƚĞƌƐŽŶ >LJŶĞƚƚĞWĞƌƌLJ >LJŶĞƚƚĞD>ĞŶŽĐŚ >LJŶŶD:ĂĐŽďƐ >LJŶŶDĂƌŝĞ<ĂƐƉƌnjLJŬ >LJŶŶDĂƌŝĞ^ƚŽůƉ DĂĚŝƐŽŶtƵƌƚŚ DĂŐŐŝĞ&Žƌƚ DĂůŝĂ'ƌĂŶƚ DĂƌĐĞůůĂŚĞƐƚĞƌ DĂƌĐŝĂ<ůƵĐŬ DĂƌĐŝĂ:EĞůƐŽŶ DĂƌĐƵƐĂƐƉĞƌƐŽŶ DĂƌŐĂƌĞƚtĞŐůŝŶƐŬŝ DĂƌŐĂƌĞƚtŝŶƚĞƌƐ DĂƌŐĂƌĞƚ,ĂŬĞ DĂƌŐĂƌĞƚ:&ƌĂŶŬŽ DĂƌŐĂƌĞƚ:ĞĂŶKůƐŽŶ DĂƌŐĂƌĞƚDĂƌLJsŽŐĞů DĂƌŝĂZĞůŵƵŶĚŽ DĂƌŝĐůĂŝƌĞ^&ůĞŵŝŶŐ DĂƌŝĞtĂůĐŚ DĂƌŝĞ',ĂƌƉ  DĂƌŝĞZƵƚŚ^ĂŵƵĞůƐŽŶ DĂƌŝůLJŶĂŵƉďĞůů DĂƌŝůLJŶ<ĂLJĞĂƌůƐŽŶ DĂƌŝůLJŶZZŝůĞLJ DĂƌŝŽŶWŝƚƚƐ DĂƌŬƌŽĐŬǁĂLJ DĂƌŬ,ĞŵŝŶŐĞƌ DĂƌŬ/ƌŝƐŚ DĂƌŬ>ĞŶnj DĂƌŬDĂƐďƌƵĐŚ DĂƌŬDƵŚƐ DĂƌŬ,ĂůďĂŬŬĞŶ DĂƌŬdƌŽŐƐƚĂĚͲ/ƐĂĂĐƐŽŶ DĂƌŬ&WƌŽĞƐĐŚĞů DĂƌŬ'ƌĞŐŽƌLJKůĚĞŶďƵƌŐ DĂƌŬW/ǀĞƌƐŽŶ DĂƌůĂŝŶĐŬ DĂƌůĂZŽƚŵĂŶ DĂƌůLJƐ>KŚŶƐƚĂĚ DĂƌƐŚĂůů<ƵŶnj DĂƌƚŚĂ:ZŝůĞLJ DĂƌƚŝŶtĂůƐŚ DĂƌLJĞůŝŶŐ DĂƌLJƌĂƚŚ DĂƌLJ,ĞŝŵĞƌ DĂƌLJ,ĞůŵƐ DĂƌLJ:ŽŚŶƐŽŶ DĂƌLJ>ĞƉƉĂůĂ DĂƌLJWŽƚĞƌƵĐŚĂ DĂƌLJ^ĐŚŵŝĚƚ DĂƌLJ^ŚĂƌƉĞ DĂƌLJ^ŝƌŝĂŶWĞƚĞƌƐŽŶ DĂƌLJdƌĂŶĚĞŵŚĂŵďĞƌƐ DĂƌLJZŝĐŚĂƌĚƐŽŶ DĂƌLJůůĞŶ>ĂŶĚǁĞŚƌ DĂƌLJ,ĞůĞŶWŝĞŶƐ DĂƌLJ/ƌĞŶĞŵŝŽƚ DĂƌLJ:ŽŽƐŝŽ DĂƌLJ:ŽĂŚůŝŶŐ DĂƌLJ>LJŶŶ^ĐŚŝůƚnj DĂƌLJDŽďďŝŶƐ  DĂƌLJĂŶEƵƌ DĂƌLJĂŶŶ<ůĂŶŶ DĂƌLJ>ŽƵ^ƚĞǁĂƌƚ DĂƚĞŽ:ŽƐĞƉŚWĞƚƌƵƐĞŬ DĂƚƚŚĞǁ,ĂŶůĞLJ DĂƚƚŚĞǁZŽŶŶĞŝ DĂƚƚŚĞǁZƵƐƚŝŶ DĂƚƚŚĞǁdŚĞŽďĂůĚ DĂƚƚŚĞǁsĂŶŐ DĂƵƌĞĞŶKΖƌŝĞŶWŽƚƚ DĂdžǁĞůů^ƚĞŚůŝŶKƌƚŚ DĞĂŐŚĂŶ>ŝĞďƵƌŶ DĞŐĂŶ:ƵŶŐ DĞŐĂŶůŝnjĂďĞƚŚWŝĞƌĐĞͲĂŵƉďĞůů DĞůŝƐĂZĞŝŵĞƌ DĞůŝƐƐĂŵƵŶĚƐĞŶ DĞůŝƐƐĂĂŐĞŶ DĞůŝƐƐĂsĂůĞƌŝĂŶŽ DĞůŝƐƐĂŶŶ^ĞŐĞƌ DĞůǀLJŶ>ĂƌƐŽŶ DŝĐŚĂĞů,ĂďĞƌŵĂŶŶ DŝĐŚĂĞů,ĂŶĐŽĐŬ DŝĐŚĂĞůZŝĞƐƚĞƌ DŝĐŚĂĞůZŽŐĞƌƐ DŝĐŚĂĞů^ĂŶĚĞĞŶ DŝĐŚĂĞů^ǁĞŶƐŽŶ DŝĐŚĂĞůsĂŶĐĞ DŝĐŚĂĞůŚĂƌůĞƐ^ƚŝĐŚ DŝĐŚĂĞů',ĞŶĚƌŝĐŬƐŽŶ DŝĐŚĂĞů:ĂŵĞƐŽƵŐŚĞƌƚLJ DŝĐŚĂĞů:ĂŵĞƐ&ŝŶŐĞƌƐŽŶ DŝĐŚĂĞů:ĂŵĞƐYƵŝŶŶ DŝĐŚĂĞů:ŽƐĞƉŚYƵŝŶŶ DŝĐŚĞůĞŶŶ<ŽĐŚ DŝĐŚĞůůĞĂƌƌŝĞ DŝĐŚĞůůĞĂŵƉďĞůů DŝĐŚĞůůĞZĞĚŵŽŶĚ DŝĐŚĞůůĞZƌŵďƌƵƐƚĞƌ DŝƐƚLJ,Ğŵŵ DŽůůLJůƚŚŽĨĨ DƵŶŝŝƌĂďĚŝ  EĂĚŝŶĞ'ŽĞƌŐĞŶ EĂŶĐLJƌŽĐŬŵĂŶ EĂŶĐLJŵĞƌŝĐŬ EĂŶĐLJ<ƌƵŐ EĂŶĐLJDĂƚƚŚĞǁƐ EĂŶĐLJƐĐŚƵŶŬĞ EĂŶĐLJŶŶŶĚĞƌƐŽŶ EĂŶĐLJŶŶĂƌƌŽůů EĂŶĐLJŶŶDŽůƚĂũŝ EĂŶĐLJŶŶĂǁŽƌƐŬŝ EĂƌŝƚŚKů EĂƚĂůŝĞtŝůƐŽŶ EĂƚĂůŝĞ&ĂĞDŽŚĂŵŵĂĚ EĂƚŚĂŶ'ƌĂŶƚ EĂƚŚĂŶ'ƌĞŐŽƌ EĞŝů/ŵƐĚĂŚů EŝĐŚŽůĂƐƌǀŝŶEĞĚůĂŶĚ EŝĐŽůĞƌŽǁŶͲtĂƚŬŝŶ EŝĐŽůĞ:ŽŚŶƐŽŶ EŝĐŽůĞWĞĂƌƐŽŶ EŝĐŽůĞ>LJŶŶ^ƚŽĞŶ EŽƌŵĂŶDĞĞŬƐ KĚŝůĞDĞƌǀĞŝůůĞũŽŵ<ĞŶŵŽŐŶĞ WĂŵĞůĂǀĂŶƐ WĂŵĞůĂWĂƌŬĞƌͲWĂŚů 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ŽĨƚŚĞƉƵďůŝĐĨĂĐŝůŝƚŝĞƐĨŽƌǁŚŝĐŚĐŽŶƐƚƌƵĐƚŝŽŶŝŶƐƉĞĐƚŝŽŶĂŶĚŽďƐĞƌǀĂƚŝŽŶƐĞƌǀŝĐĞƐĂƌĞďĞŝŶŐƌĞƋƵĞƐƚĞĚ͘/dzǁĂŝǀĞƐĂŶLJ ĂŶĚĂůůĐŽŶĨůŝĐƚŽĨŝŶƚĞƌĞƐƚƌŝŐŚƚƐĂŐĂŝŶƐƚE'/EZƌĞůĂƚŝǀĞƚŽƚŚŝƐĂƌƌĂŶŐĞŵĞŶƚ͘  'KsZE/E'>t͕:hZ/^/d/KE͕EsEh $57,&/( dŚŝƐŽŶƚƌĂĐƚƐŚĂůůďĞŐŽǀĞƌŶĞĚďLJĂŶĚĐŽŶƐƚƌƵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞůĂǁƐŽĨƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂ͘sĞŶƵĞĨŽƌĂůůůĞŐĂů $ ƉƌŽĐĞĞĚŝŶŐƐĂƌŝƐŝŶŐŽƵƚŽĨƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞŝŶƚŚĞĂƉƉůŝĐĂďůĞƐƚĂƚĞŽƌĨĞĚĞƌĂůĐŽƵƌƚǁŝƚŚĐŽŵƉĞƚĞŶƚũƵƌŝƐĚŝĐƚŝŽŶŝŶ KůŵƐƚĞĚŽƵŶƚLJĂŶĚDŝŶŶĞƐŽƚĂƌĞƐƉĞĐƚŝǀĞůLJ͘  dZD^K&'EZ>KE/d/KE^ $57,&/( ŶLJĂŶĚĂůůƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞƐĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐǁŝůůƌĞŵĂŝŶŝŶĨŽƌĐĞƵŶůĞƐƐƚŚĞLJĂƌĞƐƉĞĐŝĨŝĐĂůůLJĂŶĚĚĞůŝďĞƌĂƚĞůLJ $ ĐĂŶĐĞůĞĚŽƌŵŽĚŝĨŝĞĚďLJƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ dŽƚŚĞĞdžƚĞŶƚŽĨĂŶLJŝŶĐŽŶƐŝƐƚĞŶĐŝĞƐďĞƚǁĞĞŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐĂŶĚƚŚĞƐĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐ͕ƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ % ǁŝůůĐŽŶƚƌŽů͘DŝŶŶĞƐŽƚĂ>ĂǁƐƵƉĞƌƐĞĚĞƐĂŶLJŽĨƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽƌ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐƐĞƚĨŽƌƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͘  dZD^K&WzDEd $57,&/( ^ƵďũĞĐƚƚŽƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ĂůůƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚĂŶĚĚĞůŝǀĞƌĂďůĞƐƐĂƚŝƐĨĂĐƚŽƌŝůLJƐƵƉƉůŝĞĚďLJ $ E'/EZƉƵƌƐƵĂŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞƉĂŝĚďLJ/dz͘ŽŵƉĞŶƐĂƚŝŽŶǁŝůůďĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ Zd/>ϯ͕͞ŽŶƐŝĚĞƌĂƚŝŽŶŽĨWĂLJŵĞŶƚ͘͟ /ĨŝƚĂƉƉĞĂƌƐĂƚĂŶLJƚŝŵĞƚŚĂƚE'/EZǁŝůůĞdžĐĞĞĚƚŚĞdŽƚĂůŽŶƚƌĂĐƚŵŽƵŶƚƐƚĂƚĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐ % ŽŶƚƌĂĐƚ͕E'/EZŵƵƐƚŶŽƚŝĨLJ/dz͛ƐƵƚŚŽƌŝnjĞĚŐĞŶƚŝŶǁƌŝƚŝŶŐŝŶĂƚŝŵĞůLJŵĂŶŶĞƌ͘E'/EZŵĂLJŶŽƚďĞ ĐŽŵƉĞŶƐĂƚĞĚĨŽƌǁŽƌŬƉĞƌĨŽƌŵĞĚŝŶĞdžĐĞƐƐŽĨƚŚĞdŽƚĂůŽŶƚƌĂĐƚŵŽƵŶƚǁŝƚŚŽƵƚĂǁƌŝƚƚĞŶ͕ĂŶĚĨƵůůLJĞdžĞĐƵƚĞĚ͕ ĂŵĞŶĚŵĞŶƚƚŽƚŚĞŽŶƚƌĂĐƚ͘ŶLJǁŽƌŬƉĞƌĨŽƌŵĞĚďĞLJŽŶĚƚŚĂƚŝĚĞŶƚŝĨŝĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚǁŝƚŚŽƵƚĂƉƌŝŽƌǁƌŝƚƚĞŶ ĂŵĞŶĚŵĞŶƚƐŝŐŶĞĚďLJ/dzŵĂLJďĞĚĞĞŵĞĚǀŽůƵŶƚĂƌLJĂŶĚE'/EZŵĂLJŶŽƚďĞĞŶƚŝƚůĞĚƚŽĐŽŵƉĞŶƐĂƚŝŽŶĨŽƌƚŚĞĞdžƚƌĂ ǁŽƌŬ͘ /ĨE'/EZĐůĂŝŵƐĂŶLJŝŶƐƚƌƵĐƚŝŽŶƐ͕ůĂƚĞŶƚĐŽŶĚŝƚŝŽŶƐ͕ŽƌŽƚŚĞƌĐŽŶĚŝƚŝŽŶƐĞdžŝƐƚƚŚĂƚƌĞƋƵŝƌĞĞdžƚƌĂĐŽƐƚƵŶĚĞƌƚŚŝƐ & ŽŶƚƌĂĐƚ͕E'/EZŵƵƐƚŵĂŬĞĐůĂŝŵĨŽƌĂŶLJĞdžƚƌĂĐŽƐƚŝŶĐƵƌƌĞĚŝŶǁƌŝƚŝŶŐǁŝƚŚŝŶϮϬĂůĞŶĚĂƌĚĂLJƐĂĨƚĞƌƐƵĐŚŝŶƐƚƌƵĐƚŝŽŶ ŽƌŽďƐĞƌǀĂŶĐĞŽĨĐŽŶĚŝƚŝŽŶƐ͘>ĂƚĞŶƚĐŽŶĚŝƚŝŽŶƐĂƌĞĐŽŶĚŝƚŝŽŶƐŶŽƚĂŶƚŝĐŝƉĂƚĞĚďLJƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ ŶLJĐůĂŝŵŵĂĚĞĂĨƚĞƌƚŚŝƐƚŝŵĞŵĂLJďĞƌĞĨƵƐĞĚĂŶĚŶŽĐůĂŝŵǁŝůůďĞǀĂůŝĚƵŶůĞƐƐƐŽŵĂĚĞ͘ŶLJǁŽƌŬƉĞƌĨŽƌŵĞĚƵŶĚĞƌĂŶ   ĂŵĞŶĚŵĞŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚƚŚĂƚŚĂƐŶŽƚďĞĞŶƉƌŽƉĞƌůLJĂƉƉƌŽǀĞĚĂŶĚĞdžĞĐƵƚĞĚďLJƚŚĞƉĂƌƚŝĞƐǁŝůůďĞƉĞƌĨŽƌŵĞĚĂƚ E'/EZΖƐŽǁŶƌŝƐŬ͘ ZĞŝŵďƵƌƐĞŵĞŶƚĨŽƌƚƌĂǀĞůĂŶĚƐƵďƐŝƐƚĞŶĐĞĞdžƉĞŶƐĞƐĂĐƚƵĂůůLJĂŶĚŶĞĐĞƐƐĂƌŝůLJŝŶĐƵƌƌĞĚďLJE'/EZĂƐĂƌĞƐƵůƚŽĨ ' ƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚŶŽƚĞdžĐĞĞĚƚŚĞĂŵŽƵŶƚĚĞĨŝŶĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͘E'/EZŵĂLJďĞ ƌĞŝŵďƵƌƐĞĚĨŽƌƚƌĂǀĞůĂŶĚƐƵďƐŝƐƚĞŶĐĞĞdžƉĞŶƐĞƐŝŶƚŚĞƐĂŵĞŵĂŶŶĞƌĂŶĚŝŶŶŽŐƌĞĂƚĞƌĂŵŽƵŶƚƚŚĂŶƉƌŽǀŝĚĞĚŝŶƚŚĞ ĐƵƌƌĞŶƚΗDŶͬKddƌĂǀĞůZĞŐƵůĂƚŝŽŶƐΗ͕ĂŶĚŝĚĞŶƚŝĨŝĞĚŝŶ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ƌƚŝĐůĞϯ͘ WZKhZ&KZWzDEd $57,&/( WĂLJŵĞŶƚƐǁŝůůďĞŵĂĚĞďLJ/dzǁŝƚŚŝŶϯϬĚĂLJƐŽĨE'/EZ͛ƐƉƌĞƐĞŶƚĂƚŝŽŶŽĨƉƌŽƉĞƌůLJƉƌĞƉĂƌĞĚŝŶǀŽŝĐĞƐĂŶĚƉƌŽŐƌĞƐƐ $ ƌĞƉŽƌƚƐĨŽƌƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚ͘/dzƐŚĂůůŶŽƚŝĨLJE'/EZŝŶǁƌŝƚŝŶŐǁŝƚŚŝŶϯϬĚĂLJƐŽĨ E'/EZ͛ƐƉƌĞƐĞŶƚĂƚŝŽŶŽĨŝŶǀŽŝĐĞƐŝĨƚŚĞLJďĞůŝĞǀĞƚŚĞƉƌŽŐƌĞƐƐƌĞƉŽƌƚƐǁĞƌĞŶŽƚƉƌŽƉĞƌůLJƉƌĞƉĂƌĞĚŽƌƚŚĞƐĞƌǀŝĐĞƐǁĞƌĞ ŶŽƚƉƌŽƉĞƌůLJƉĞƌĨŽƌŵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞŽŶƚƌĂĐƚ͘ /ŶǀŽŝĐĞƐĨŽƌƉĂLJŵĞŶƚŵƵƐƚďĞƐƵďŵŝƚƚĞĚďLJE'/EZŵŽŶƚŚůLJƚŽƚŚĞ/dzΖƐƵƚŚŽƌŝnjĞĚŐĞŶƚŝŶƚŚĞĨŽƌŵƉƌĞƐĐƌŝďĞĚďLJ % /dz͘/ŶǀŽŝĐĞƐƐŚŽƵůĚŝĚĞŶƚŝĨLJƚŚĞƉƌŽũĞĐƚĂŶĚƚŚĞĐŽƐƚĨŽƌƚŚĞƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚĂŶĚĚĞůŝǀĞƌĞĚĨŽƌƚŚĞďŝůůŝŶŐƉĞƌŝŽĚĂŶĚ ŵƵƐƚƐĂƚŝƐĨLJƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐůŝƐƚĞĚďĞůŽǁ͗ ϭ͘ĂĐŚŝŶǀŽŝĐĞŵƵƐƚĐŽŶƚĂŝŶƚŚĞĨŽůůŽǁŝŶŐŝŶĨŽƌŵĂƚŝŽŶ͗/dzĐŽŶƚƌĂĐƚŝŶǀŽŝĐĞŶƵŵďĞƌ;ƐĞƋƵĞŶƚŝĂůůLJŶƵŵďĞƌĞĚͿ͕ďŝůůŝŶŐ  ĂĚĚƌĞƐƐŝĨĚŝĨĨĞƌĞŶƚĨƌŽŵďƵƐŝŶĞƐƐĂĚĚƌĞƐƐ͕ĂŶĚE'/EZΖƐŽƌŝŐŝŶĂůƐŝŐŶĂƚƵƌĞĂƚƚĞƐƚŝŶŐƚŚĂƚƚŚĞŝŶǀŽŝĐĞĚƐĞƌǀŝĐĞƐĂŶĚ ĐŽƐƚƐĂƌĞŶĞǁĂŶĚƚŚĂƚŶŽƉƌĞǀŝŽƵƐĐŚĂƌŐĞĨŽƌƚŚŽƐĞƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐŚĂƐďĞĞŶŝŶĐůƵĚĞĚŝŶĂŶLJƉƌŝŽƌŝŶǀŽŝĐĞ͘ Ϯ͘dŚĞŽƌŝŐŝŶĂůŽĨĞĂĐŚŝŶǀŽŝĐĞĂŶĚƉƌŽŐƌĞƐƐƌĞƉŽƌƚŵƵƐƚďĞƐĞŶƚƚŽƚŚĞ/dzΖƐƵƚŚŽƌŝnjĞĚŐĞŶƚĨŽƌƌĞǀŝĞǁĂŶĚƉĂLJŵĞŶƚ͘  ϯ͘ŝƌĞĐƚŶŽŶͲƐĂůĂƌLJĐŽƐƚƐĂůůŽĐĂďůĞƚŽƚŚĞǁŽƌŬƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ĂŶĚĚĞĨŝŶĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐ  ŽŶƚƌĂĐƚ͕ŵƵƐƚďĞŝƚĞŵŝnjĞĚĂŶĚƐƵƉƉŽƌƚĞĚǁŝƚŚŝŶǀŽŝĐĞƐŽƌďŝůůŝŶŐĚŽĐƵŵĞŶƚƐƚŽƐŚŽǁƚŚĂƚƐƵĐŚĐŽƐƚƐĂƌĞƉƌŽƉĞƌůLJ ĂůůŽĐĂďůĞƚŽƚŚĞǁŽƌŬ͘ŝƌĞĐƚŶŽŶͲƐĂůĂƌLJĐŽƐƚƐĂƌĞĂŶLJĐŽƐƚƐƚŚĂƚĂƌĞŶŽƚƚŚĞƐĂůĂƌŝĞĚĐŽƐƚƐĚŝƌĞĐƚůLJƌĞůĂƚĞĚƚŽƚŚĞǁŽƌŬ ŽĨƚŚĞE'/EZ͘^ƵƉƉŽƌƚŝŶŐĚŽĐƵŵĞŶƚĂƚŝŽŶŵƵƐƚďĞƉƌŽǀŝĚĞĚŝŶĂŵĂŶŶĞƌƚŚĂƚĐŽƌƌĞƐƉŽŶĚƐƚŽĞĂĐŚĚŝƌĞĐƚĐŽƐƚ͘ ϰ͘E'/EZŵƵƐƚƉƌŽǀŝĚĞ͕ƵƉŽŶƌĞƋƵĞƐƚŽĨƚŚĞ/dzΖƐƵƚŚŽƌŝnjĞĚŐĞŶƚ͕ƚŚĞĨŽůůŽǁŝŶŐƐƵƉƉŽƌƚŝŶŐĚŽĐƵŵĞŶƚĂƚŝŽŶ͗  ŝƌĞĐƚƐĂůĂƌLJĐŽƐƚƐŽĨĞŵƉůŽLJĞĞƐΖƚŝŵĞĚŝƌĞĐƚůLJĐŚĂƌŐĞĂďůĞĨŽƌƚŚĞƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘ D dŚŝƐŵƵƐƚŝŶĐůƵĚĞĂƉĂLJƌŽůůĐŽƐƚďƌĞĂŬĚŽǁŶŝĚĞŶƚŝĨLJŝŶŐƚŚĞŶĂŵĞŽĨƚŚĞĞŵƉůŽLJĞĞ͕ĐůĂƐƐŝĨŝĐĂƚŝŽŶ͕ĂĐƚƵĂůƌĂƚĞŽĨƉĂLJ͕ ŚŽƵƌƐǁŽƌŬĞĚ͕ĂŶĚƚŽƚĂůƉĂLJŵĞŶƚĨŽƌĞĂĐŚŝŶǀŽŝĐĞƉĞƌŝŽĚ͖ĂŶĚ ^ŝŐŶĞĚƚŝŵĞƐŚĞĞƚƐŽƌƉĂLJƌŽůůĐŽƐƚďƌĞĂŬĚŽǁŶĨŽƌĞĂĐŚĞŵƉůŽLJĞĞůŝƐƚŝŶŐĚĂƚĞƐĂŶĚŚŽƵƌƐǁŽƌŬĞĚ͘ŽŵƉƵƚĞƌ E ŐĞŶĞƌĂƚĞĚƉƌŝŶƚŽƵƚƐŽĨůĂďŽƌĐŽƐƚƐĨŽƌƚŚĞƉƌŽũĞĐƚŵƵƐƚĐŽŶƚĂŝŶƚŚĞƉƌŽũĞĐƚŶƵŵďĞƌ͕ĞĂĐŚĞŵƉůŽLJĞĞΖƐŶĂŵĞ͕ŚŽƵƌůLJ ƌĂƚĞ͕ƌĞŐƵůĂƌĂŶĚŽǀĞƌƚŝŵĞŚŽƵƌƐ͕ĂŶĚƚŚĞĚŽůůĂƌĂŵŽƵŶƚĐŚĂƌŐĞĚƚŽƚŚĞƉƌŽũĞĐƚĨŽƌĞĂĐŚƉĂLJƉĞƌŝŽĚ͘ ϱ͘E'/EZŵƵƐƚƉƌŽǀŝĚĞĂĐŽƉLJŽĨƚŚĞŝŶǀŽŝĐĞƚŚĞLJĨŽƌǁĂƌĚĞĚƚŽƚŚĞĐŝƚLJƚŽƚŚĞĚĞǀĞůŽƉĞƌĨŽƌŝŶĨŽƌŵĂƚŝŽŶĂůƉƵƌƉŽƐĞƐ͘  dŚŝƐĚŽĐƵŵĞŶƚƐŚŽƵůĚďĞĐůĞĂƌĞĚƐƚĂƚĞĚƚŚĂƚŝƚ͛ƐĨŽƌŝŶĨŽƌŵĂƚŝŽŶĂůƉƵƌƉŽƐĞƐŽŶůLJ͘ /ĨE'/EZŝƐĂƵƚŚŽƌŝnjĞĚďLJ/dzƚŽƵƐĞŽƌƵƐĞƐĂŶLJƐƵďĐŽŶƐƵůƚĂŶƚƐ͕E'/EZŵƵƐƚŝŶĐůƵĚĞĂůůƚŚĞĂďŽǀĞƐƵƉƉŽƌƚŝŶŐ & ĚŽĐƵŵĞŶƚĂƚŝŽŶŝŶĂŶLJƐƵďĐŽŶƐƵůƚĂŶƚ͛ƐŽŶƚƌĂĐƚ͕ĂŶĚE'/EZŵƵƐƚĐŽŵƉůLJǁŝƚŚDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐ^ĞĐƚŝŽŶϭϲ͘ϭϮϰϱ͕ ƌĞƋƵŝƌŝŶŐƚŝŵĞůLJƉĂLJŵĞŶƚďLJE'/EZŽĨƐƵďĐŽŶƐƵůƚĂŶƚ͛Ɛ͕ƉĞŶĂůƚŝĞƐĨŽƌůĂƚĞƉĂLJŵĞŶƚƐ͕ĂŶĚĚĞĨŝŶŝŶŐĐŽƐƚƐƚŚĞƐƵď ĐŽŶƐƵůƚĂŶƚŵƵƐƚďĞĂǁĂƌĚĞĚŝĨƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚƉƌĞǀĂŝůƐŝŶĂůĂǁƐƵŝƚ͘ E'/EZŵƵƐƚƌĞƋƵŝƌĞƐƵďĐŽŶƐƵůƚĂŶƚ͛ƐŝŶǀŽŝĐĞƐƚŽĨŽůůŽǁƚŚĞƐĂŵĞĨŽƌŵĂŶĚĐŽŶƚĂŝŶƚŚĞƐĂŵĞŝŶĨŽƌŵĂƚŝŽŶĂƐƐĞƚ ' ĨŽƌƚŚĂďŽǀĞ͘  KE/d/KE^K&WzDEd $57,&/( &ŽƌĂůůƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐƉƌŽǀŝĚĞĚďLJE'/EZƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ƚŚĞŶŐŝŶĞĞƌƐŚĂůůŵĂŝŶƚĂŝŶŝƚƐĞƚŚŝĐĂůĂŶĚ $ ůĞŐĂůĚƵƚLJŽĨĂƉƌŽĨĞƐƐŝŽŶĂůƚŽĞdžĞƌĐŝƐĞƚŚĞůĞǀĞůŽĨĐĂƌĞ͕ĚŝůŝŐĞŶĐĞ͕ĂŶĚƐŬŝůůƉƌĞƐĐƌŝďĞĚŝŶƚŚĞĐŽĚĞŽĨƉƌĂĐƚŝĐĞŽĨŚŝƐŽƌŚĞƌ ƉƌŽĨĞƐƐŝŽŶ͕ŽƌĂƐŽƚŚĞƌƉƌŽĨĞƐƐŝŽŶĂůƐŝŶƚŚĞƐĂŵĞĚŝƐĐŝƉůŝŶĞǁŽƵůĚŝŶƚŚĞƐĂŵĞŽƌƐŝŵŝůĂƌĐŝƌĐƵŵƐƚĂŶĐĞƐ͘dŚĞE'/EZ ƐŚĂůůĐŽŵƉůLJǁŝƚŚƚŚĞĨŽůůŽǁŝŶŐ͗ ϭ͘ůůĐƵƌƌĞŶƚĂƉƉůŝĐĂďůĞĨĞĚĞƌĂů͕ƐƚĂƚĞ͕ĂŶĚůŽĐĂůůĂǁƐ͕ŽƌĚŝŶĂŶĐĞƐ͕ƌƵůĞƐ͕ĂŶĚƌĞŐƵůĂƚŝŽŶƐ͘  Ϯ͘ůůĐƵƌƌĞŶƚƐƚĂƚĞƐƚĂŶĚĂƌĚƐ͕ƉŽůŝĐŝĞƐ͕ĂŶĚƉƌĂĐƚŝĐĞƐƌĞƋƵŝƌĞĚďLJĂƉƉůŝĐĂďůĞůĂǁƚŽƉĞƌĨŽƌŵE'/EZ͛ƐƐĞƌǀŝĐĞƐ͘   E'/EZǁŝůůŶŽƚƌĞĐĞŝǀĞƉĂLJŵĞŶƚĨŽƌǁŽƌŬƉĞƌĨŽƌŵĞĚŝŶǀŝŽůĂƚŝŽŶŽĨĨĞĚĞƌĂů͕ƐƚĂƚĞ͕ŽƌůŽĐĂůůĂǁƐ͕ŽƌĚŝŶĂŶĐĞƐ͕ƌƵůĞƐ͕Žƌ % ƌĞŐƵůĂƚŝŽŶƐ͘ ůůĚĞůŝǀĞƌĂďůĞƐĐŽǀĞƌĞĚďLJƉƌŽŐƌĞƐƐƉĂLJŵĞŶƚƐŵĂĚĞďLJ/dzǁŝůůďĞĐŽŵĞƚŚĞƐŽůĞƉƌŽƉĞƌƚLJŽĨ/dz͘dŚŝƐƉƌŽǀŝƐŝŽŶŵƵƐƚ & ŶŽƚďĞĐŽŶƐƚƌƵĞĚĂƐƌĞůŝĞǀŝŶŐE'/EZĨƌŽŵƐŽůĞƌĞƐƉŽŶƐŝďŝůŝƚLJĨŽƌƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐƵƉŽŶǁŚŝĐŚƉĂLJŵĞŶƚƐŚĂǀĞ ďĞĞŶŵĂĚĞŽƌƚŚĞƌĞƐƚŽƌĂƚŝŽŶŽĨĂŶLJĚĂŵĂŐĞĚǁŽƌŬŽƌĂƐǁĂŝǀŝŶŐƚŚĞƌŝŐŚƚŽĨ/dzƚŽƌĞƋƵŝƌĞƚŚĞĨƵůĨŝůůŵĞŶƚŽĨĂůůŽĨƚŚĞ ƚĞƌŵƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘/ĨƚŚĞ/dzƵƐĞƐƚŚĞE'/EZ͛ƐĚĞůŝǀĞƌĂďůĞƐŝŶĂŵĂŶŶĞƌďĞLJŽŶĚƚŚĞƐĐŽƉĞŽĨƚŚŝƐĐŽŶƚƌĂĐƚ͕ŝƚ ƐŚĂůůŝŶĚĞŵŶŝĨLJE'/EZĨŽƌĐůĂŝŵƐƌĞƐƵůƚŝŶŐĨƌŽŵƚŚŝƐƌĞƵƐĞ͘dŚĞ/dzŐƌĂŶƚƐE'/EZĂŶŽŶͲĞdžĐůƵƐŝǀĞůŝĐĞŶƐĞ͕ƚŽƚŚĞ ĞdžƚĞŶƚŽĨƚŚĞ/dz͛ƐƌŝŐŚƚƐŝŶƐƵĐŚĚĂƚĂ͕ƚŽƵƐĞƚŚĞE'/EZĂƚĂĨŽƌŽƚŚĞƌƉƵƌƉŽƐĞƐ͘ EŽƚŚŝŶŐŝŶƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚďĞĐŽŶƐƚƌƵĞĚŝŶĂŶLJǁĂLJƚŽƌĞůŝĞǀĞE'/EZĨƌŽŵŝƚƐŽďůŝŐĂƚŝŽŶƚŽĐŽŵƉůĞƚĞƚŚĞƐĞƌǀŝĐĞƐ ' ĂŶĚͬŽƌĚĞůŝǀĞƌĂďůĞƐĚĞƐĐƌŝďĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚĨŽƌĂƐƵŵŶŽƚƚŽĞdžĐĞĞĚƚŚĂƚŝƐƐĞƚĨŽƌƚŚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͘  E'/EZŝƐŶŽƚĂƵƚŚŽƌŝnjĞĚƚŽĚŝƌĞĐƚƚŚĞǁŽƌŬŽĨŽŶƚƌĂĐƚŽƌ͕ƵŶůĞƐƐŝƚLJŝƐŐŝǀĞŶƐƵĐŚĂƵƚŚŽƌŝƚLJ͕ŝŶǁƌŝƚŝŶŐ͕ďLJKǁŶĞƌ͘ ( E'/EZĐŽŵŵƵŶŝĐĂƚŝŽŶƐŚĂůůďĞĚŝƌĞĐƚůLJǁŝƚŚKǁŶĞƌ͛ƐƌĞƉƌĞƐĞŶƚĂƚŝǀĞ;ŽŶƐƚƌƵĐƚŝŽŶĨŽƌĞŵĞŶŽƌƐƵƉĞƌŝŶƚĞŶĚĞŶƚŽƌ ŽƚŚĞƌŵĞŵďĞƌŝĚĞŶƚŝĨŝĞĚĂƐWƌŽũĞĐƚDĂŶĂŐĞƌͿ͕ĂŶĚƚŽŝƚLJŶŐŝŶĞĞƌŽƌŚŝƐĚĞƐŝŐŶĞĞ͘  ^^/'EDEd $57,&/(ŝƐ ŽŶƚƌĂĐƚ͘ ĐŽƉLJŽĨĂŶLJĂŶĚĂůůƐƵďĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚƐŵƵƐƚďĞƐĞŶƚƚŽƚŚĞ/dz͛ƐƵƚŚŽƌŝnjĞĚŐĞŶƚĂĨƚĞƌĞdžĞĐƵƚŝŽŶŽĨƚŚĞƐƵď % ĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚĂŶĚƉƌŝŽƌƚŽǁŽƌŬƐƚĂƌƚŝŶŐƵŶĚĞƌƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚ͘  DEDEd^͕,E'KZZ^͕DZ'Z͕KhEdZWZd^͕Et/sZ $57,&/( ŵĞŶĚŵĞŶƚƐƚŽƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞĐŽŶƐŝĚĞƌĞĚŽŶůLJĨŽƌƵŶĨŽƌĞƐĞĞŶǁŽƌŬŽƌƐĞƌǀŝĐĞƐƚŚĂƚǁĞƌĞĞdžĐůƵĚĞĚŝŶƚŚĞ^ĐŽƉĞŽĨ $ tŽƌŬ͕ĞŶƚŝƚůĞĚ͞ĞƚĂŝůĞĚ^ĐŽƉĞŽĨtŽƌŬ͕͟ĂŶĚƚŚĂƚĂƌĞĐŽŶƐŝĚĞƌĞĚĞƐƐĞŶƚŝĂůƚŽƚŚĞǁŽƌŬ͘ŶLJǁƌŝƚƚĞŶĐůĂŝŵŵĂĚĞďLJ E'/EZĨŽƌĞdžƚƌĂǁŽƌŬŽƌĐŽƐƚƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚƚŚĂƚŚĂƐďĞĞŶĂƉƉƌŽǀĞĚďLJƚŚĞ/dzΖƐƵƚŚŽƌŝnjĞĚŐĞŶƚŵƵƐƚďĞ ĞǀŝĚĞŶĐĞĚďLJĂŶĂŵĞŶĚŵĞŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚ͘ŵĞŶĚŵĞŶƚƐŵƵƐƚďĞŝŶǁƌŝƚŝŶŐĂŶĚĞdžĞĐƵƚĞĚĂŶĚĂƉƉƌŽǀĞĚďLJƚŚĞƐĂŵĞ ƉĂƌƚŝĞƐĂŶĚŽĨĨŝĐŝĂůƐǁŚŽĞdžĞĐƵƚĞĚĂŶĚĂƉƉƌŽǀĞĚƚŚĞŽƌŝŐŝŶĂůŽŶƚƌĂĐƚ͕ŽƌƚŚĞŝƌƐƵĐĐĞƐƐŽƌƐŝŶŽĨĨŝĐĞ͘E'/EZŵƵƐƚŶŽƚŝĨLJ /dz͛ƐWƌŽũĞĐƚDĂŶĂŐĞƌŝŶǁƌŝƚŝŶŐŝĨE'/EZǁŝůůďĞĚĞůĂLJĞĚŝŶĂŶLJǁĂLJĨƌŽŵĐŽŵƉůĞƚŝŶŐƚŚĞƉƌŽũĞĐƚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘ dŚĞǁŽƌŬƚŽďĞĚŽŶĞŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚŵĂLJďĞĐŚĂŶŐĞĚĂƚƚŚĞƌĞƋƵĞƐƚŽĨ/dz͕ǁŝƚŚƚŚĞŵƵƚƵĂůĐŽŶĐƵƌƌĞŶĐĞ % ŽĨE'/EZ͘ŶLJĐŚĂŶŐĞǁŝůůďĞĐůĞĂƌůLJĂŶĚĨƵůůLJĚĞĨŝŶĞĚŝŶǁƌŝƚŝŶŐ͕ĂŶĚĂƉƉƌŽǀĞĚďLJďŽƚŚƉĂƌƚŝĞƐ͘ŚĂŶŐĞŽƌĚĞƌƐŵƵƐƚ ďĞĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞďĂƐŝĐƉƵƌƉŽƐĞŽĨƚŚŝƐŽŶƚƌĂĐƚĂŶĚǁŝƚŚŝŶƚŚĞŐĞŶĞƌĂů^ĐŽƉĞŽĨ^ĞƌǀŝĐĞƐŝĚĞŶƚŝĨŝĞĚŝŶƚŚĞ^ƉĞĐŝĂů ŽŶĚŝƚŝŽŶƐ͘ dŚŝƐŽŶƚƌĂĐƚĐŽŶƐƚŝƚƵƚĞƐƚŚĞĞŶƚŝƌĞĂŐƌĞĞŵĞŶƚďĞƚǁĞĞŶƚŚĞƉĂƌƚŝĞƐ͘EŽǁĂŝǀĞƌ͕ĐŽŶƐĞŶƚ͕ŵŽĚŝĨŝĐĂƚŝŽŶŽƌĐŚĂŶŐĞŽĨƚĞƌŵƐ & ŽĨƚŚŝƐŽŶƚƌĂĐƚƐŚĂůůďŝŶĚĞŝƚŚĞƌƉĂƌƚLJƵŶůĞƐƐŝŶǁƌŝƚŝŶŐĂŶĚƐŝŐŶĞĚďLJďŽƚŚƉĂƌƚŝĞƐ͘^ƵĐŚǁĂŝǀĞƌ͕ĐŽŶƐĞŶƚ͕ŵŽĚŝĨŝĐĂƚŝŽŶŽƌ ĐŚĂŶŐĞ͕ŝĨŵĂĚĞ͕ƐŚĂůůďĞĞĨĨĞĐƚŝǀĞŽŶůLJŝŶƚŚĞƐƉĞĐŝĨŝĐŝŶƐƚĂŶĐĞĂŶĚĨŽƌƚŚĞƐƉĞĐŝĨŝĐƉƵƌƉŽƐĞŐŝǀĞŶ͘dŚĞƌĞĂƌĞŶŽ ƵŶĚĞƌƐƚĂŶĚŝŶŐƐ͕ĂŐƌĞĞŵĞŶƚƐŽƌƌĞƉƌĞƐĞŶƚĂƚŝŽŶƐ͕ŽƌĂůŽƌǁƌŝƚƚĞŶ͕ŶŽƚƐƉĞĐŝĨŝĞĚŚĞƌĞŝŶƌĞŐĂƌĚŝŶŐƚŚŝƐŽŶƚƌĂĐƚ͘E'/EZ͕ ďLJƚŚĞƐŝŐŶĂƚƵƌĞďĞůŽǁŽĨŝƚƐĂƵƚŚŽƌŝnjĞĚƌĞƉƌĞƐĞŶƚĂƚŝǀĞ͕ŚĞƌĞďLJĂĐŬŶŽǁůĞĚŐĞƐƚŚĂƚƚŚĞE'/EZŚĂƐƌĞĂĚƚŚŝƐŽŶƚƌĂĐƚ͕ ƵŶĚĞƌƐƚĂŶĚƐŝƚĂŶĚĂŐƌĞĞƐƚŽďĞďŽƵŶĚďLJŝƚƐƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐ͘ dŚŝƐŽŶƚƌĂĐƚŵĂLJďĞĞdžĞĐƵƚĞĚŝŶŽŶĞŽƌŵŽƌĞĐŽƵŶƚĞƌƉĂƌƚƐ͕ĞĂĐŚŽĨǁŚŝĐŚƐŚĂůůďĞĚĞĞŵĞĚƚŽďĞĂŶŽƌŝŐŝŶĂů͕ďƵƚĂůůŽĨ ' ǁŚŝĐŚƚŽŐĞƚŚĞƌƐŚĂůůĐŽŶƐƚŝƚƵƚĞƚŚĞƐĂŵĞŽŶƚƌĂĐƚ͘   KDW>/Et/d,>/E^^͕WZD/d^͕EKd,ZZ'h>d/KE^ $57,&/( E'/EZƐŚĂůůƉƌŽĐƵƌĞĂůůůŝĐĞŶƐĞƐ͕ĐĞƌƚŝĨŝĐĂƚŝŽŶƐ͕ĞĚƵĐĂƚŝŽŶ͕ƉĞƌŵŝƚƐ͕ŽƌŽƚŚĞƌƌŝŐŚƚƐŶĞĐĞƐƐĂƌLJƚŽĨƵůĨŝůůŝƚƐŽďůŝŐĂƚŝŽŶƐ $ ƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚĂůůĂƉƉůŝĐĂďůĞĨĞĚĞƌĂůĂŶĚƐƚĂƚĞůĂǁƐ͘  dWZd/^E/Ed>>dh>WZKWZdz $57,&/( dŚĞDŝŶŶĞƐŽƚĂ'ŽǀĞƌŶŵĞŶƚĂƚĂWƌĂĐƚŝĐĞƐĐƚ͕DŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐŚĂƉƚĞƌϭϯ͕ĂƉƉůŝĞƐƚŽĂůůĚĂƚĂĐƌĞĂƚĞĚ͕ŐĂƚŚĞƌĞĚ͕ $ ŐĞŶĞƌĂƚĞĚ͕ŽƌĂĐƋƵŝƌĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚ͘ ŶLJƌĞƉŽƌƚƐ͕ƐƚƵĚŝĞƐ͕ƉŚŽƚŽŐƌĂƉŚƐ͕ŶĞŐĂƚŝǀĞƐ͕ŽƌŽƚŚĞƌĚŽĐƵŵĞŶƚƐĐƌĞĂƚĞĚĂŶĚƉĂŝĚĨŽƌďLJE'/EZŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞ % ŽĨŝƚƐŽďůŝŐĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚĂƌĞŝŶƐƚƌƵŵĞŶƚƐŽĨƐĞƌǀŝĐĞŝŶƌĞƐƉĞĐƚƚŽE'/EZ͛ƐƐĞƌǀŝĐĞƐĂŶĚĂƌĞƚŚĞĞdžĐůƵƐŝǀĞ ƉƌŽƉĞƌƚLJŽĨ/dz͘E'/EZŵƵƐƚƌĞŵŝƚĂůůƐƵĐŚŵĂƚĞƌŝĂůƐƚŽ/dzƵƉŽŶĐŽŵƉůĞƚŝŽŶŽƌĐĂŶĐĞůůĂƚŝŽŶŽĨƚŚŝƐŽŶƚƌĂĐƚ͘dŚĞ /dzǁŝůůŝŶĚĞŵŶŝĨLJE'/EZĨŽƌĐůĂŝŵƐƌĞƐƵůƚŝŶŐĨƌŽŵĂŶLJƌĞƵƐĞŽĨƐƵĐŚŵĂƚĞƌŝĂůƐďĞLJŽŶĚƚŚĞƐĐŽƉĞŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ dŚĞŝƚLJƐŚĂůůŐƌĂŶƚƚŚĞE'/EZĂŶŽŶͲĞdžĐůƵƐŝǀĞůŝĐĞŶƐĞ͕ƚŽƚŚĞĞdžƚĞŶƚŽĨƚŚĞ/dzΖƐƌŝŐŚƚƐŝŶƐƵĐŚĚĂƚĂ͕ƚŽƵƐĞƚŚĞ E'/EZĂƚĂĨŽƌŽƚŚĞƌƉƵƌƉŽƐĞƐ͘E'/EZǁĂŝǀĞƐĂůůĐůĂŝŵƐĂŐĂŝŶƐƚƚŚĞ/dzƌĞƐƵůƚŝŶŐŝŶĂŶLJǁĂLJĨƌŽŵĂŶLJƌĞƵƐĞŽĨ ƚŚĞE'/EZ͘ hŶůĞƐƐŽƚŚĞƌǁŝƐĞĚŝƌĞĐƚĞĚďLJ/dz͕ƚŚĞŽƌŝŐŝŶĂůƐŽĨƌĞƉŽƌƚƐ͕ƚĞƐƚƐ͕ĚƌĂǁŝŶŐƐĂŶĚƉůĂŶƐ͖ĂŶĚůĞŐŝďůLJƌĞƉƌŽĚƵĐŝďůĞĐŽƉŝĞƐŽĨ & ǁŽƌŬƐŚĞĞƚƐ͕ĨŝĞůĚŶŽƚĞƐ͕ĐŽŵƉƵƚĂƚŝŽŶƐ͕ƉŚŽƚŽƐ͕ƚĞƐƚƌĞƐƵůƚƐ͕ĂŶĚŽƚŚĞƌƉƌŽũĞĐƚĚĂƚĂŵƵƐƚďĞƌĞůŝŶƋƵŝƐŚĞĚƚŽ/dz͗ ϭ͘hƉŽŶǁƌŝƚƚĞŶŶŽƚŝĐĞŽĨĐŽŵƉůĞƚŝŽŶŽƌĐĂŶĐĞůůĂƚŝŽŶŽĨƚŚŝƐŽŶƚƌĂĐƚ͘  Ϯ͘hƉŽŶǁƌŝƚƚĞŶŶŽƚŝĨŝĐĂƚŝŽŶďLJ/dz͘  ϯ͘WƌŝŽƌƚŽĨŝŶĂůƉĂLJŵĞŶƚďLJ/dzƚŽE'/EZĨŽƌƚŚŝƐŽŶƚƌĂĐƚ͘  ͘EŽƚǁŝƚŚƐƚĂŶĚŝŶŐƚŚĞĂďŽǀĞƉĂƌĂŐƌĂƉŚƐ͕ǁŽƌŬƉĂƉĞƌƐ͕ƉƌŽƉƌŝĞƚĂƌLJŝŶĨŽƌŵĂƚŝŽŶ͕ƉƌŽĐĞƐƐĞƐ͕ŵĞƚŚŽĚŽůŽŐŝĞƐ͕ŬŶŽǁͲŚŽǁĂŶĚ ƐŽĨƚǁĂƌĞ;͞E'/EZĂƚĂ͟ͿƉƌĞǀŝŽƵƐůLJďĞůŽŶŐŝŶŐŽƌůŝĐĞŶƐĞĚƚŽE'/EZĂŶĚƵƐĞĚƚŽƉĞƌĨŽƌŵE'/EZ͛ƐƐĞƌǀŝĐĞƐƐŚĂůů ƌĞŵĂŝŶƚŚĞƉƌŽƉĞƌƚLJŽĨE'/EZ͘E'/EZƐŚĂůůƌĞƚĂŝŶĂŶŽǁŶĞƌƐŚŝƉĂŶĚƉƌŽƉĞƌƚLJŝŶƚĞƌĞƐƚƚŚĞƌĞŝŶ;ŝŶĐůƵĚŝŶŐƚŚĞĐŽƉLJƌŝŐŚƚ ĂŶĚƚŚĞƌŝŐŚƚŽĨƌĞƵƐĞĂƚƚŚĞĚŝƐĐƌĞƚŝŽŶŽĨƚŚĞE'/EZͿ͕ǁŚĞƚŚĞƌŽƌŶŽƚƚŚĞWƌŽũĞĐƚŝƐĐŽŵƉůĞƚĞĚ͘dŽƚŚĞĞdžƚĞŶƚƚŚĞƐĞƌǀŝĐĞƐ ƉĞƌĨŽƌŵĞĚďLJE'/EZĐŽŶƚĂŝŶE'/EZĂƚĂ͕E'/EZŚĞƌĞďLJŐƌĂŶƚƐƚŽ/dzĂŶŽŶͲĞdžĐůƵƐŝǀĞ͕ŶŽŶͲĂƐƐŝŐŶĂďůĞ͕ƌŽLJĂůƚLJͲ ĨƌĞĞ͕ŝƌƌĞǀŽĐĂďůĞůŝĐĞŶƐĞƚŽƵƐĞƐƵĐŚE'/EZĂƚĂĨŽƌƚŚĞƉƵƌƉŽƐĞƐƐĞƚĨŽƌƚŚŚĞƌĞŝŶ͕ƐƵďũĞĐƚƚŽƚŚĞĨŽůůŽǁŝŶŐůŝŵŝƚĂƚŝŽŶƐ͗ ƐƵĐŚE'/EZĂƚĂĂƌĞŶŽƚŝŶƚĞŶĚĞĚŽƌƌĞƉƌĞƐĞŶƚĞĚƚŽďĞƐƵŝƚĂďůĞĨŽƌƵƐĞŽƌƌĞƵƐĞďLJ/dzŽŶĞdžƚĞŶƐŝŽŶŽĨƚŚĞWƌŽũĞĐƚŽƌ ŽŶĂŶLJŽƚŚĞƌƉƌŽũĞĐƚǁŝƚŚŽƵƚǁƌŝƚƚĞŶǀĞƌŝĨŝĐĂƚŝŽŶŽƌĂĚĂƉƚĂƚŝŽŶďLJE'/EZĂŶĚĂŶLJƐƵĐŚƌĞƵƐĞŽƌŵŽĚŝĨŝĐĂƚŝŽŶŽĨƚŚĞ E'/EZĂƚĂǁŝƚŚŽƵƚƚŚĞǁƌŝƚƚĞŶǀĞƌŝĨŝĐĂƚŝŽŶŽƌĂĚĂƉƚĂƚŝŽŶďLJE'/EZƐŚĂůůďĞĚŽŶĞĂƚ/dz͛ƐƐŽůĞƌŝƐŬĂŶĚǁŝƚŚŽƵƚ ůŝĂďŝůŝƚLJƚŽE'/EZ͘  >//>/dz $57,&/( 'ĞŶĞƌĂůͲ,ĂǀŝŶŐĐŽŶƐŝĚĞƌĞĚƚŚĞƉŽƚĞŶƚŝĂůůŝĂďŝůŝƚŝĞƐƚŚĂƚŵĂLJĞdžŝƐƚĚƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞ^ĞƌǀŝĐĞƐ͕ƚŚĞďĞŶĞĨŝƚƐ $ ŽĨƚŚĞƉƌŽũĞĐƚ͕ĂŶĚƚŚĞE'/EZ͛ƐĨĞĞĨŽƌƚŚĞ^ĞƌǀŝĐĞƐ͕ĂŶĚŝŶĐŽŶƐŝĚĞƌĂƚŝŽŶŽĨƚŚĞƉƌŽŵŝƐĞƐĐŽŶƚĂŝŶĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ /dzĂŶĚE'/EZĂŐƌĞĞƚŽĂůůŽĐĂƚĞĂŶĚůŝŵŝƚƐƵĐŚůŝĂďŝůŝƚŝĞƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐƌƚŝĐůĞ͘ /ŶĚĞŵŶŝĨŝĐĂƚŝŽŶͲE'/EZĂŶĚ/dz;ƚŚĞ͞/ŶĚĞŵŶŝĨLJŝŶŐWĂƌƚLJ͟ͿƐŚĂůůďĞůŝĂďůĞĨŽƌŝƚƐŽǁŶŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐĂŶĚ % ŽŵŝƐƐŝŽŶƐƚŽƚŚĞĞdžƚĞŶƚƉƌŽǀŝĚĞĚďLJůĂǁĂŶĚƐƵďũĞĐƚƚŽƚŚĞ/dz͛ƐĐĂƉŽŶŵƵŶŝĐŝƉĂůƚŽƌƚůŝĂďŝůŝƚLJƵŶĚĞƌDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐ ^ĞĐƚŝŽŶϰϲϲ͘Ϭϰ͕ĂŶĚŚĞƌĞďLJĂŐƌĞĞƐƚŽĚĞĨĞŶĚ͕ŝŶĚĞŵŶŝĨLJ͕ĂŶĚŚŽůĚŚĂƌŵůĞƐƐƚŚĞŽƚŚĞƌ;͞ƚŚĞ/ŶĚĞŵŶŝĨŝĞĚWĂƌƚLJ͟Ϳ͕ĨƌŽŵ ĂŶLJůŝĂďŝůŝƚLJ͕ĚĂŵĂŐĞƐ͕ĂŶĚĐŽƐƚƐĂƌŝƐŝŶŐĨƌŽŵƚŚĞŶĞŐůŝŐĞŶƚĂĐƚƐŽĨE'/EZĂŶĚ/dzĂŶĚĂŶLJŽŶĞĨŽƌǁŚŽƐĞŶĞŐůŝŐĞŶƚ ĂĐƚƐƚŚĞLJŵĂLJďĞůŝĂďůĞĨŽƌŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽĨĞƐƐŝŽŶĂůƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚŝĐŚƚŚĞ/ŶĚĞŵŶŝĨŝĞĚ WĂƌƚLJ͕ŝƚƐŽĨĨŝĐĞƌƐĂŶĚĞŵƉůŽLJĞĞƐŵĂLJŚĞƌĞĂĨƚĞƌƐƵƐƚĂŝŶ͕ŝŶĐƵƌŽƌďĞƌĞƋƵŝƌĞĚƚŽƉĂLJƚŽƚŚĞĨƵůůĞĨĨĞĐƚƉƌŽǀŝĚĞĚďLJ DŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐŚĂƉƚĞƌϯϯϳ͕ƚŽƚŚĞĞdžƚĞŶƚƚŚĞE'/EZĂŶĚ/dzĂƌĞƌĞƐƉŽŶƐŝďůĞĨŽƌƐƵĐŚůŝĂďŝůŝƚLJ͕ĐŽƐƚƐ͕ĚĂŵĂŐĞƐ͕ ŝŶĐůƵĚŝŶŐƌĞĂƐŽŶĂďůĞĂƚƚŽƌŶĞLJƐ͛ĨĞĞƐ͘/ŶƚŚĞĞǀĞŶƚĐůĂŝŵƐ͕ůŽƐƐĞƐ͕ĚĂŵĂŐĞƐ͕ŽƌĞdžƉĞŶƐĞƐĂƌĞĐĂƵƐĞĚďLJƚŚĞũŽŝŶƚŽƌ ĐŽŶĐƵƌƌĞŶƚŶĞŐůŝŐĞŶĐĞŽĨE'/EZĂŶĚ/dz͕ƚŚĞLJƐŚĂůůďĞďŽƌŶĞďLJĞĂĐŚƉĂƌƚLJŝŶƉƌŽƉŽƌƚŝŽŶƚŽŝƚƐŽǁŶŶĞŐůŝŐĞŶĐĞ͘ ^ƵƌǀŝǀĂůͲhƉŽŶĐŽŵƉůĞƚŝŽŶŽĨĂůůƐĞƌǀŝĐĞƐ͕ŽďůŝŐĂƚŝŽŶƐ͕ĂŶĚĚƵƚŝĞƐƉƌŽǀŝĚĞĚĨŽƌŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ŽƌŝĨƚŚŝƐŽŶƚƌĂĐƚŝƐ & ƚĞƌŵŝŶĂƚĞĚĨŽƌĂŶLJƌĞĂƐŽŶ͕ƚŚĞƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐƌƚŝĐůĞƐŚĂůůƐƵƌǀŝǀĞ͘   tKZ<Z^ΖKDWE^d/KE $57,&/( ŶLJĂŶĚĂůůĞŵƉůŽLJĞĞƐŽĨE'/EZ͕ŝŶĐůƵĚŝŶŐŝƚƐƐƵďĐŽŶƐƵůƚĂŶƚƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶƐǁŚŝůĞĞŶŐĂŐĞĚŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨ $ ĂŶLJǁŽƌŬŽƌƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚďLJE'/EZƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ǁŝůůŶŽƚďĞĐŽŶƐŝĚĞƌĞĚĞŵƉůŽLJĞĞƐŽĨ/dz͘ŶLJĂŶĚĂůů ĐůĂŝŵƐƚŚĂƚŵĂLJĂƌŝƐĞƵŶĚĞƌƚŚĞtŽƌŬĞƌƐΖŽŵƉĞŶƐĂƚŝŽŶĐƚŽĨDŝŶŶĞƐŽƚĂŽŶďĞŚĂůĨŽĨƐĂŝĚĞŵƉůŽLJĞĞƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶƐ ǁŚŝůĞƐŽĞŶŐĂŐĞĚ͕ĂŶĚĂŶLJĂŶĚĂůůĐůĂŝŵƐŵĂĚĞďLJĂŶLJƚŚŝƌĚƉĂƌƚLJĂƐĂĐŽŶƐĞƋƵĞŶĐĞŽĨĂŶLJĂĐƚŽƌŽŵŝƐƐŝŽŶŽŶƚŚĞƉĂƌƚŽĨ E'/EZΖƐĞŵƉůŽLJĞĞƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶǁŚŝůĞƐŽĞŶŐĂŐĞĚŽŶĂŶLJŽĨƚŚĞǁŽƌŬŽƌƐĞƌǀŝĐĞƐƚŽďĞƌĞŶĚĞƌĞĚ͕ǁŝůůŝŶŶŽǁĂLJ ďĞƚŚĞŽďůŝŐĂƚŝŽŶŽƌƌĞƐƉŽŶƐŝďŝůŝƚLJŽĨ/dz͘WƵƌƐƵĂŶƚƚŽDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐϭϳϲ͘ϭϴϮ͕ĂĐĐĞƉƚĂďůĞĞǀŝĚĞŶĐĞŽĨĐŽŵƉůŝĂŶĐĞ ǁŝƚŚtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞƌĞƋƵŝƌĞŵĞŶƚƐŵƵƐƚďĞƉƌĞƐĞŶƚĞĚƚŽ/dzďĞĨŽƌĞ/dzŵĂLJĞŶƚĞƌŝŶƚŽĂ ĐŽŶƚƌĂĐƚǁŝƚŚE'/EZ͘  KE^ $57,&/( dŚŝƐƌƚŝĐůĞŝƐŚĞƌĞďLJĚĞůĞƚĞĚ͘ /E^hZE $57,&/( ĐĞƌƚŝĨŝĐĂƚĞŽĨŝŶƐƵƌĂŶĐĞĨŽƌĞĂĐŚƚLJƉĞŽĨŝŶƐƵƌĂŶĐĞƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚďĞĨŝůĞĚǁŝƚŚƚŚĞ/dz͛ƐƵƚŚŽƌŝnjĞĚ $ ŐĞŶƚƉƌŝŽƌƚŽĞdžĞĐƵƚŝŽŶŽĨƚŚĞŽŶƚƌĂĐƚďLJŝƚLJ͘ĂĐŚƉŽůŝĐLJŵƵƐƚĐŽŶƚĂŝŶĂƌĞƋƵŝƌĞŵĞŶƚƚŚĂƚƚŚĞŝŶƐƵƌĞƌƉƌŽǀŝĚĞƚŚĞ /dzĂϯϬͲĚĂLJŶŽƚŝĐĞŽĨĐĂŶĐĞůůĂƚŝŽŶ͘ E'/EZŵƵƐƚŵĂŝŶƚĂŝŶĂŶĚĨƵƌŶŝƐŚƐĂƚŝƐĨĂĐƚŽƌLJĞǀŝĚĞŶĐĞŽĨƚŚĞĨŽůůŽǁŝŶŐŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐ͗ % ϭ͘E'/EZƐŚĂůůƉƌŽĐƵƌĞĂŶĚŵĂŝŶƚĂŝŶĨŽƌƚŚĞƚĞƌŵŽĨƚŚĞŽŶƚƌĂĐƚ͕ŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞĂƐŝƐƌĞĂƐŽŶĂďůĞĂŶĚŶĞĐĞƐƐĂƌLJ  ĨŽƌƉĞƌĨŽƌŵĞĚƐĞƌǀŝĐĞƐďLJE'/EZĂŶĚŝƚƐĞŵƉůŽLJĞĞƐ͘ Ϯ͘dŚĞE'/EZƐŚĂůůďĞƌĞƐƉŽŶƐŝďůĞĨŽƌŽďƚĂŝŶŝŶŐƐĞƉĂƌĂƚĞĐĞƌƚŝĨŝĐĂƚĞƐĂŶĚĞŶĚŽƌƐĞŵĞŶƚƐĨŽƌĞĂĐŚƐƵďĐŽŶƐƵůƚĂŶƚ͘  E'/EZƐŚĂůůĚĞƚĞƌŵŝŶĞƚŚĞĂƉƉƌŽƉƌŝĂƚĞůĞǀĞůŽĨŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞĂŶĚůŝŵŝƚƐĨƌŽŵŝƚƐƐƵďĐŽŶƐƵůƚĂŶƚƐ͘ ϯ͘tŽƌŬĞƌƐΖŽŵƉĞŶƐĂƚŝŽŶ/ŶƐƵƌĂŶĐĞ͗E'/EZǁŝůůƉƌŽǀŝĚĞtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞĨŽƌĂůůE'/EZ  ĞŵƉůŽLJĞĞƐĂŶĚ͕ŝŶĐĂƐĞĂŶLJǁŽƌŬŝƐƐƵďĐŽŶƚƌĂĐƚĞĚ͕E'/EZǁŝůůƌĞƋƵŝƌĞƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚƚŽƉƌŽǀŝĚĞtŽƌŬĞƌƐ͛ ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞƐƚĂƚƵƚŽƌLJƌĞƋƵŝƌĞŵĞŶƚƐŽĨ/dzŽĨDŝŶŶĞƐŽƚĂ͕ĂŶĚŝŶĐůƵĚŝŶŐŽǀĞƌĂŐĞ ͕ŵƉůŽLJĞƌ͛Ɛ>ŝĂďŝůŝƚLJ͕ĂƚůŝŵŝƚƐŶŽƚůĞƐƐƚŚĂŶΨϭϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůLJŝŶũƵƌLJďLJĚŝƐĞĂƐĞƉĞƌĞŵƉůŽLJĞĞ͖ΨϱϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůLJ ŝŶũƵƌLJďLJĚŝƐĞĂƐĞĂŐŐƌĞŐĂƚĞ͖ĂŶĚΨϭϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůLJŝŶũƵƌLJďLJĂĐĐŝĚĞŶƚ͘ǀŝĚĞŶĐĞŽĨƐƵďĐŽŶƐƵůƚĂŶƚ͚ƐŝŶƐƵƌĂŶĐĞƐŚĂůů ďĞĨŝůĞĚǁŝƚŚƚŚĞE'/EZ͘ ϰ͘ŽŵŵĞƌĐŝĂů'ĞŶĞƌĂů>ŝĂďŝůŝƚLJ͗E'/EZǁŝůůŵĂŝŶƚĂŝŶŝŶƐƵƌĂŶĐĞƉƌŽƚĞĐƚŝŶŐE'/EZĨƌŽŵĐůĂŝŵƐĨŽƌĚĂŵĂŐĞƐĨŽƌ  ďŽĚŝůLJŝŶũƵƌLJ͕ŝŶĐůƵĚŝŶŐƐŝĐŬŶĞƐƐŽƌĚŝƐĞĂƐĞ͕ĚĞĂƚŚ͕ĂŶĚĨŽƌĐĂƌĞĂŶĚůŽƐƐŽĨƐĞƌǀŝĐĞƐĂƐǁĞůůĂƐĨƌŽŵĐůĂŝŵƐĨŽƌƉƌŽƉĞƌƚLJ ĚĂŵĂŐĞŝŶĐůƵĚŝŶŐůŽƐƐŽĨƵƐĞǁŚŝĐŚŵĂLJĂƌŝƐĞĨƌŽŵŽƉĞƌĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚĞƚŚĞƌƐƵĐŚŽƉĞƌĂƚŝŽŶƐďĞďLJ E'/EZŽƌďLJĂƐƵďĐŽŶƐƵůƚĂŶƚŽƌďLJĂŶLJŽŶĞĚŝƌĞĐƚůLJŽƌŝŶĚŝƌĞĐƚůLJĞŵƉůŽLJĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘E'/EZ͛Ɛ ůŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞƐŚĂůůďĞƉƌŝŵĂƌLJƚŽĂŶLJůŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞŵĂŝŶƚĂŝŶĞĚďLJƚŚĞŝƚLJ͘hŶůĞƐƐŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶ ƚŚŝƐŽŶƚƌĂĐƚ͕E'/EZ͛ƐŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌŽĐĐƵƌƌĞŶĐĞ D Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲĂŶŶƵĂůĂŐŐƌĞŐĂƚĞ E  /ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĨŽůůŽǁŝŶŐĐŽǀĞƌĂŐĞƐƐŚŽƵůĚďĞŝŶĐůƵĚĞĚ͗ ŽĚŝůLJ/ŶũƵƌLJĂŶĚWƌŽƉĞƌƚLJĂŵĂŐĞ D WƌŽĚƵĐƚƐĂŶĚŽŵƉůĞƚĞĚKƉĞƌĂƚŝŽŶƐ>ŝĂďŝůŝƚLJ E ůĂŶŬĞƚŽŶƚƌĂĐƚƵĂů>ŝĂďŝůŝƚLJ F EĂŵĞ/dzĂƐĂŶĚĚŝƚŝŽŶĂů/ŶƐƵƌĞĚ G ϱ͘ŽŵŵĞƌĐŝĂůƵƚŽŵŽďŝůĞ>ŝĂďŝůŝƚLJ͗E'/EZǁŝůůŵĂŝŶƚĂŝŶŝŶƐƵƌĂŶĐĞƉƌŽƚĞĐƚŝŶŐE'/EZĨƌŽŵĐůĂŝŵƐĨŽƌĚĂŵĂŐĞƐ  ĨŽƌďŽĚŝůLJŝŶũƵƌLJ͕ŝŶĐůƵĚŝŶŐƐŝĐŬŶĞƐƐŽƌĚŝƐĞĂƐĞ͕ĚĞĂƚŚ͕ĂŶĚĨŽƌĐĂƌĞĂŶĚůŽƐƐŽĨƐĞƌǀŝĐĞƐ͕ĂƐǁĞůůĂƐĨƌŽŵĐůĂŝŵƐĨŽƌ  ƉƌŽƉĞƌƚLJĚĂŵĂŐĞŝŶĐůƵĚŝŶŐůŽƐƐŽĨƵƐĞǁŚŝĐŚŵĂLJĂƌŝƐĞĨƌŽŵŽƉĞƌĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚĞƚŚĞƌƐƵĐŚŽƉĞƌĂƚŝŽŶƐ ǁĞƌĞďLJE'/EZŽƌďLJƐƵďĐŽŶƐƵůƚĂŶƚŽƌďLJĂŶLJŽŶĞĚŝƌĞĐƚůLJŽƌŝŶĚŝƌĞĐƚůLJĞŵƉůŽLJĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘hŶůĞƐƐ ŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ƚŚĞE'/EZŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌŽĐĐƵƌƌĞŶĐĞŽŵďŝŶĞĚ^ŝŶŐůĞůŝŵŝƚĨŽƌŽĚŝůLJ/ŶũƵƌLJĂŶĚWƌŽƉĞƌƚLJĂŵĂŐĞ  /ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĨŽůůŽǁŝŶŐĐŽǀĞƌĂŐĞƐƐŚŽƵůĚďĞŝŶĐůƵĚĞĚ͗ KǁŶĞĚ͕,ŝƌĞĚ͕ĂŶĚEŽŶͲŽǁŶĞĚ EĂŵĞ/dzĂƐĂŶĚĚŝƚŝŽŶĂů/ŶƐƵƌĞĚ ϲ͘WƌŽĨĞƐƐŝŽŶĂů>ŝĂďŝůŝƚLJ/ŶƐƵƌĂŶĐĞ͗  hŶůĞƐƐŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕E'/EZŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌĐůĂŝŵ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲĂŶŶƵĂůĂŐŐƌĞŐĂƚĞ  dŚŝƐƉŽůŝĐLJǁŝůůƉƌŽǀŝĚĞĐŽǀĞƌĂŐĞĨŽƌĂůůĐůĂŝŵƐE'/EZǁŝůůďĞĐŽŵĞůĞŐĂůůLJŽďůŝŐĂƚĞĚƚŽƉĂLJƌĞƐƵůƚŝŶŐĨƌŽŵĂŶLJ ĂĐƚƵĂůŽƌĂůůĞŐĞĚŶĞŐůŝŐĞŶƚĂĐƚ͕ĞƌƌŽƌ͕ŽƌŽŵŝƐƐŝŽŶƌĞůĂƚĞĚƚŽE'/EZΖƐƉƌŽĨĞƐƐŝŽŶĂůƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐ ŽŶƚƌĂĐƚ͘ E'/EZŵƵƐƚ͗ & ϭ͘/ŶĐůƵĚĞůĞŐĂůĚĞĨĞŶƐĞĨĞĞƐŝŶĂĚĚŝƚŝŽŶƚŽŝƚƐůŝĂďŝůŝƚLJƉŽůŝĐLJůŝŵŝƚƐ͕ǁŝƚŚƚŚĞĞdžĐĞƉƚŝŽŶŽĨWƌŽĨĞƐƐŝŽŶĂů>ŝĂďŝůŝƚLJ/ŶƐƵƌĂŶĐĞ  ĂďŽǀĞ͖ĂŶĚ 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ƐĞƌǀŝĐĞƐĂƌĞƐƉĞĐŝĨŝĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕E'/EZ͛ƐŽďůŝŐĂƚŝŽŶƚŽƌĞŶĚĞƌƐĞƌǀŝĐĞƐŚĞƌĞƵŶĚĞƌǁŝůůďĞĨŽƌĂƉĞƌŝŽĚǁŚŝĐŚŵĂLJ ƌĞĂƐŽŶĂďůLJďĞƌĞƋƵŝƌĞĨŽƌƚŚĞĐŽŵƉůĞƚŝŽŶŽĨƐĂŝĚƐĞƌǀŝĐĞƐ͘ /ĨŝŶƚŚŝƐŽŶƚƌĂĐƚƐƉĞĐŝĨŝĐƉĞƌŝŽĚƐŽĨƚŝŵĞĨŽƌƌĞŶĚĞƌŝŶŐƐĞƌǀŝĐĞƐĂƌĞƐĞƚĨŽƌƚŚŽƌƐƉĞĐŝĨŝĐĚĂƚĞƐďLJǁŚŝĐŚƐĞƌǀŝĐĞƐĂƌĞƚŽďĞ & ĐŽŵƉůĞƚĞĚĂƌĞƉƌŽǀŝĚĞĚ͕ĂŶĚŝĨƐƵĐŚƉĞƌŝŽĚƐŽĨƚŝŵĞŽƌĚĂƚĞƐĂƌĞĐŚĂŶŐĞĚƚŚƌŽƵŐŚŶŽĨĂƵůƚŽĨE'/EZ͕ƚŚĞƌĂƚĞƐĂŶĚ ĂŵŽƵŶƚƐŽĨĐŽŵƉĞŶƐĂƚŝŽŶƉƌŽǀŝĚĞĚĨŽƌŚĞƌĞŝŶƐŚĂůůďĞƐƵďũĞĐƚƚŽĞƋƵŝƚĂďůĞĂĚũƵƐƚŵĞŶƚ͘/Ĩ/dzŚĂƐƌĞƋƵĞƐƚĞĚĐŚĂŶŐĞƐŝŶ ƚŚĞƐĐŽƉĞ͕ĞdžƚĞŶƚ͕ŽƌĐŚĂƌĂĐƚĞƌŽĨƚŚĞWƌŽũĞĐƚ͖ƚŚĞƚŝŵĞŽĨƉĞƌĨŽƌŵĂŶĐĞŽĨE'/EZ͛ƐƐĞƌǀŝĐĞƐƐŚĂůůďĞĂĚũƵƐƚĞĚĞƋƵŝƚĂďůLJ͘ EĞŝƚŚĞƌƉĂƌƚLJǁŝůůďĞŚĞůĚƌĞƐƉŽŶƐŝďůĞĨŽƌĚĞůĂLJŽƌĨĂŝůƵƌĞƚŽƉĞƌĨŽƌŵǁŚĞŶƐƵĐŚĚĞůĂLJŽƌĨĂŝůƵƌĞŝƐĚƵĞƚŽĂŶLJŽĨƚŚĞ ' ĨŽůůŽǁŝŶŐ͕ƵŶůĞƐƐƚŚĞĂĐƚŽƌŽĐĐƵƌƌĞŶĐĞĐŽƵůĚŚĂǀĞďĞĞŶƌĞĂƐŽŶĂďůLJĨŽƌĞƐĞĞŶĂŶĚƌĞĂƐŽŶĂďůĞĂĐƚŝŽŶĐŽƵůĚŚĂǀĞďĞĞŶ ƚĂŬĞŶƚŽƉƌĞǀĞŶƚƚŚĞĚĞůĂLJŽƌĨĂŝůƵƌĞ͗ĨŝƌĞ͕ĨůŽŽĚ͕ĞƉŝĚĞŵŝĐ͕ƐƚƌŝŬĞƐ͕ǁĂƌƐ͕ĂĐƚƐŽĨ'ŽĚ͕ƵŶƵƐƵĂůůLJƐĞǀĞƌĞǁĞĂƚŚĞƌ͕ŽƌĚĞůĂLJƐ ŽƌĚĞĨĂƵůƚƐĐĂƵƐĞĚďLJƉƵďůŝĐĐĂƌƌŝĞƌƐ͕ƉƌŽǀŝĚĞĚƚŚĞĚĞĨĂƵůƚŝŶŐƉĂƌƚLJŐŝǀĞƐǁƌŝƚƚĞŶŶŽƚŝĐĞĂƐƐŽŽŶĂƐƉŽƐƐŝďůĞƚŽƚŚĞŽƚŚĞƌ ƉĂƌƚLJŽĨŝƚƐŝŶĂďŝůŝƚLJƚŽƉĞƌĨŽƌŵ͘ &ŽƌƉƵƌƉŽƐĞƐŽĨƚŚŝƐŽŶƚƌĂĐƚƚŚĞƚĞƌŵ͞ĚĂLJ͟ŵĞĂŶƐĂĐĂůĞŶĚĂƌĚĂLJŽĨϮϰŚŽƵƌƐ͘ (   Ed/dZh^d $57,&/( $ ƌĞƐƵůƚŝŶŐĨƌŽŵE'/EZΖƐŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚĂĚĚŝƚŝŽŶĂůĐŽŵƉĞŶƐĂƚŝŽŶ͘ĐĐĞƉƚĂŶĐĞŽĨƚŚĞǁŽƌŬ ďLJ/dzǁŝůůŶŽƚƌĞůŝĞǀĞE'/EZŽĨƚŚĞƌĞƐƉŽŶƐŝďŝůŝƚLJĨŽƌƐƵďƐĞƋƵĞŶƚĐŽƌƌĞĐƚŝŽŶŽĨĂŶLJĞƌƌŽƌƐŽƌŽŵŝƐƐŝŽŶƐŽƌĨŽƌ ĐůĂƌŝĨŝĐĂƚŝŽŶŽĨĂŶLJĂŵďŝŐƵŝƚŝĞƐ͘ /ĨŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐĂƌĞŵĂĚĞďLJE'/EZŝŶĂŶLJƉŚĂƐĞŽĨƚŚĞǁŽƌŬ͕ƚŚĞĐŽƌƌĞĐƚŝŽŶŽĨǁŚŝĐŚŵĂLJ % ƌĞƋƵŝƌĞĂĚĚŝƚŝŽŶĂůĨŝĞůĚŽƌŽĨĨŝĐĞǁŽƌŬ͕E'/EZǁŝůůďĞƉƌŽŵƉƚůLJŶŽƚŝĨŝĞĚďLJ/dzĂŶĚǁŝůůďĞƌĞƋƵŝƌĞĚƚŽƉĞƌĨŽƌŵƐƵĐŚ ĂĚĚŝƚŝŽŶĂůǁŽƌŬĂƐŵĂLJďĞŶĞĐĞƐƐĂƌLJƚŽĐŽƌƌĞĐƚƚŚĞƐĞŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚƵŶĚƵĞĚĞůĂLJĂŶĚ ǁŝƚŚŽƵƚĂĚĚŝƚŝŽŶĂůĐŽƐƚƚŽ/dz͘/ĨƚŚĞE'/EZŝƐĂǁĂƌĞŽĨĂŶLJŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐŵĂĚĞŝŶĂŶLJƉŚĂƐĞ ŽĨŝƚƐǁŽƌŬ͕ƚŚĞĐŽƌƌĞĐƚŝŽŶƐŽĨǁŚŝĐŚŵĂLJƌĞƋƵŝƌĞĂŶLJĂĚĚŝƚŝŽŶĂůĨŝĞůĚŽƌŽĨĨŝĐĞǁŽƌŬ͕E'/EZŵƵƐƚƉƌŽŵƉƚůLJƉĞƌĨŽƌŵ ƐƵĐŚĂĚĚŝƚŝŽŶĂůǁŽƌŬĂƐŵĂLJďĞŶĞĐĞƐƐĂƌLJƚŽĐŽƌƌĞĐƚƚŚĞƐĞŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚƵŶĚƵĞĚĞůĂLJĂŶĚ ǁŝƚŚŽƵƚĂĚĚŝƚŝŽŶĂůĐŽƐƚƚŽ/dz͘ 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JF?Dmpk&0.01' DmpN_ncpumpiPcbsargml?arLmrgac*qccrfcqcn_p_rcglqrpsargmlq, 110..//0+0/+01   BCQRGL?RGMLKCBGA?JACLRCPAMPNMP?RGML24+273715/ 0 Dmpk77.&0.01'N_ec Qr_rckclrmdNpmep_kQcptgac?aamknjgqfkclrq N_prGGG V Ÿ AfcaigdQafcbsjcMamlr_glq_pcqnmlqcmplmrcrm_lwjglcglrfgqN_prGGG}}}}}}}}}}}}}}}}}}}}}}}}}}}} @pgcdjwbcqapg`crfcmpe_lgx_rgml%qkgqqgml8 / UGRFK?WMAJGLGA?RGRQFC?PR*RFCBCQRGL?RGMLKCBGA?JACLRCP&BKA' GLGRG?RGTCUGJJ@CRFCA?R?JWQRRMNMQGRGMLPMAFCQRCP*KGLLCQMR??Q RFCUMPJB%QNPCKGCPBCQRGL?RGMLACLRCPDMPFC?JRF?LBUCJJLCQQ9 ?RRP?ARGLENCMNJC*GLTCQRKCLR*?LBHM@QRM?KCPGA?%QAGRWDMPFC?JRF Bgbrfcmpe_lgx_rgmlslbcpr_ic_lwqgelgdga_lrnpmep_kqcptgacqbspglerfcwc_pufgafucpclmrjgqrcbmlrfc 0 V ŸŸ npgmpDmpk77.mp77.+CX=||||||||||||||||||||||||||||||||||||||||||||||| WcqLm Gd Wcq* bcqapg`crfcqclcuqcptgacqmlQafcbsjcM, V ŸŸ Bgbrfcmpe_lgx_rgmlac_qcamlbsargle*mpk_icqgelgdga_lraf_lecqglfmugramlbsarq*_lwnpmep_kqcptgacq=|||||| 1WcqLm Gd Wcq* bcqapg`crfcqcaf_lecqmlQafcbsjcM, Bcqapg`crfcmpe_lgx_rgml%qnpmep_kqcptgac_aamknjgqfkclrqdmpc_afmdgrqrfpccj_pecqrnpmep_kqcptgacq*_qkc_qspcb`wcvnclqcq, 2 Qcargml3./&a'&1'_lb3./&a'&2'mpe_lgx_rgmlq_pcpcosgpcbrmpcnmprrfc_kmslrmdep_lrq_lb_jjma_rgmlqrmmrfcpq*rfcrmr_jcvnclqcq*_lb pctclsc*gd_lw*dmpc_afnpmep_kqcptgacpcnmprcb, 0*014*546,.,., 2_&'&'&' Ambc8Cvnclqcq"glajsbgleep_lrqmd"Pctclsc" MTCPQGEFR*NPCN?P?RGML?LBGKNJCKCLR?RGMLMDRFCBCTCJMNKCLRNJ?L+?L GLBCNRFQRSBWMDGLDP?QRPSARSPC*NJ?LLGLE*?LBBCTCJMNKCLR MNNMPRSLGRGCQ*?LBDP?KCUMPIRMQSNNMPRRFCBCTCJMNKCLRMDPMAFCQRCP?Q ?BCQRGL?RGMLKCBGA?JACLRCP, 2`&'&'&' Ambc8Cvnclqcq"glajsbgleep_lrqmd"Pctclsc" 2a&'&'&' Ambc8Cvnclqcq"glajsbgleep_lrqmd"Pctclsc" Mrfcpnpmep_kqcptgacq&Bcqapg`cmlQafcbsjcM,' 2b &'&' Cvnclqcq"glajsbgleep_lrqmd"Pctclsc" 0*014*546, Rmr_jnpmep_kqcptgaccvnclqcq 2c 77. Dmpk&0.01'  110..0/0+0/+01  1  /135.7/7/1/617?1212160.01,.2.0.BCQRGL?RGMLKCBGA?JACLRC?121216/ BCQRGL?RGMLKCBGA?JACLRCPAMPNMP?RGML24+273715/ 1 Dmpk77.&0.01'N_ec N_prGT AfcaijgqrmdPcosgpcbQafcbsjcq WcqLm Gqrfcmpe_lgx_rgmlbcqapg`cbglqcargml3./&a'&1'mp2725&_'&/'&mrfcprf_l_npgt_rcdmslb_rgml'= / V C`S_m&]igjf_n_M]b_^of_;||||||||||||||||||||||||||||||||||||||||||||||| / V M]b_^of_<&M]b_^of_i`=ihnlc\onilm Gqrfcmpe_lgx_rgmlpcosgpcbrmamknjcrc=Qccglqrpsargmlq|||||||||||||| 00 Bgbrfcmpe_lgx_rgmlcle_ecglbgpcarmpglbgpcarnmjgrga_ja_kn_gel_argtgrgcqml`cf_jdmdmpglmnnmqgrgmlrma_lbgb_rcqdmp 1 V ns`jgamddgac=C`S_m&]igjf_n_M]b_^of_=&J[lnC|||||||||||||||||||||||||||||||||||| 1 Bgbrfcmpe_lgx_rgmlcle_ecgljm``wgle_argtgrgcq*mpf_tc_qcargml3./&f'cjcargmlglcddcar 2Qcargml3./&a'&1'mpe_lgx_rgmlq, V C`S_m&]igjf_n_M]b_^of_=&J[lnCC bspglerfcr_vwc_p=||||||||||||||||||||||||||||||||| 2 Gqrfcmpe_lgx_rgml_qcargml3./&a'&2'*3./&a'&3'*mp3./&a'&4'mpe_lgx_rgmlrf_rpcacgtcqkck`cpqfgnbscq*_qqcqqkclrq*mp 3 V qgkgj_p_kmslrq_qbcdglcbglPct,Npma,76+/7=C`S_m&]igjf_n_M]b_^of_=&J[lnCCC||||||||||||||||||| 3 Bgbrfcmpe_lgx_rgmlk_glr_gl_lwbmlmp_btgqcbdslbqmp_lwqgkgj_pdslbqmp_aamslrqdmpufgafbmlmpqf_tcrfcpgefrrm 4 V C`S_m&]igjf_n_M]b_^of_>&J[lnC npmtgbc_btgacmlrfcbgqrpg`srgmlmpgltcqrkclrmd_kmslrqglqsafdslbqmp_aamslrq= 4 Bgbrfcmpe_lgx_rgmlpcacgtcmpfmjb_amlqcpt_rgmlc_qckclr*glajsbglec_qckclrqrmnpcqcptcmnclqn_ac* 5 V rfccltgpmlkclr*fgqrmpgaj_lb_pc_q*mpfgqrmpgaqrpsarspcq=C`S_m&]igjf_n_M]b_^of_>&J[lnCC|||||||||||||| 5 Bgbrfcmpe_lgx_rgmlk_glr_glamjjcargmlqmdumpiqmd_pr*fgqrmpga_jrpc_qspcq*mpmrfcpqgkgj_p_qqcrq=C`S_m&]igjf_n_ 6 V M]b_^of_>&J[lnCCC |||||||||||||||||||||||||||||||||||||||||||||||||||| 6 Bgbrfcmpe_lgx_rgmlpcnmpr_l_kmslrglN_prV*jglc0/*dmpcqapmumpasqrmbg_j_aamslrjg_`gjgrw9qcptc_q_asqrmbg_ldmp 7 _kmslrqlmrjgqrcbglN_prV9mpnpmtgbcapcbgramslqcjgle*bc`rk_l_eckclr*apcbgrpcn_gp*mpbc`rlcemrg_rgmlqcptgacq= V C`S_m&]igjf_n_M]b_^of_>&J[lnCP||||||||||||||||||||||||||||||||||||||||||| 7 Bgbrfcmpe_lgx_rgml*bgpcarjwmprfpmsef_pcj_rcbmpe_lgx_rgml*fmjb_qqcrqglbmlmp+pcqrpgarcbclbmukclrq /. V C`S_m&]igjf_n_M]b_^of_>&J[lnP mpglos_qg+clbmukclrq=|||||||||||||||||||||||||||||| /. //Gdrfcmpe_lgx_rgml%q_lqucprm_lwmdrfcdmjjmugleoscqrgmlqgq Wcq* rfclamknjcrcQafcbsjcB*N_prqTG*TGG*TGGG*GV*mpV* _q_nnjga_`jc, C`S_m&]igjf_n_M]b_^of_>& Bgbrfcmpe_lgx_rgmlpcnmpr_l_kmslrdmpj_lb*`sgjbgleq*_lbcosgnkclrglN_prV*jglc/.= _ V J[lnPC |||||||||||||||||||||||||||||||||||||||||||||||||||||||||| //_ `Bgbrfcmpe_lgx_rgmlpcnmpr_l_kmslrdmpgltcqrkclrq+mrfcpqcaspgrgcqglN_prV*jglc/0*rf_rgq3#mpkmpcmdgrqrmr_j V _qqcrqpcnmprcbglN_prV*jglc/4=C`S_m&]igjf_n_M]b_^of_>&J[lnPCC||||||||||||||||||||||||| //` Bgbrfcmpe_lgx_rgmlpcnmpr_l_kmslrdmpgltcqrkclrq+npmep_kpcj_rcbglN_prV*jglc/1*rf_rgq3#mpkmpcmdgrqrmr_j a V C`S_m&]igjf_n_M]b_^of_>&J[lnPCCC _qqcrqpcnmprcbglN_prV*jglc/4=||||||||||||||||||||||||| //a Bgbrfcmpe_lgx_rgmlpcnmpr_l_kmslrdmpmrfcp_qqcrqglN_prV*jglc/3*rf_rgq3#mpkmpcmdgrqrmr_j_qqcrqpcnmprcbgl b V N_prV*jglc/4=C`S_m&]igjf_n_M]b_^of_>&J[lnCR||||||||||||||||||||||||||||||||||| //b V C`S_m&]igjf_n_M]b_^of_>&J[lnR Bgbrfcmpe_lgx_rgmlpcnmpr_l_kmslrdmpmrfcpjg_`gjgrgcqglN_prV*jglc03=|||||| c//c Bgbrfcmpe_lgx_rgml%qqcn_p_rcmpamlqmjgb_rcbdgl_lag_jqr_rckclrqdmprfcr_vwc_pglajsbc_dmmrlmrcrf_r_bbpcqqcq d V C`S_m&]igjf_n_M]b_^of_>&J[lnR rfcmpe_lgx_rgml%qjg_`gjgrwdmpslacpr_glr_vnmqgrgmlqslbcpDGL26&?QA52.'=|||| //d Bgbrfcmpe_lgx_rgmlm`r_glqcn_p_rc*glbcnclbclr_sbgrcbdgl_lag_jqr_rckclrqdmprfcr_vwc_p=C`S_m&]igjf_n_ /0_ V M]b_^of_>&J[lnmRC[h^RCC |||||||||||||||||||||||||||||||||||||||||||||||| /0_ U_qrfcmpe_lgx_rgmlglajsbcbglamlqmjgb_rcb*glbcnclbclr_sbgrcbdgl_lag_jqr_rckclrqdmprfcr_vwc_p= ` V C`S_m&[h^c`nb_ila[hct[ncih[hmq_l_^Hinifch_+,[&nb_h]igjf_nchaM]b_^of_>&J[lnmRC[h^RCCcmijncih[f ||||| /0` V Gqrfcmpe_lgx_rgml_qafmmjbcqapg`cbglqcargml/5.&`'&/'&?'&gg'=C`S_m&]igjf_n_M]b_^of_? |||||||||||||| /1/1 V Bgbrfcmpe_lgx_rgmlk_glr_gl_lmddgac*cknjmwccq*mp_eclrqmsrqgbcmdrfcSlgrcbQr_rcq= |||||||||||||||| /2_/2_ Bgbrfcmpe_lgx_rgmlf_tc_eepce_rcpctclscqmpcvnclqcqmdkmpcrf_l"/.*...dpmkep_lrk_igle*dslbp_gqgle*`sqglcqq* ` gltcqrkclr*_lbnpmep_kqcptgac_argtgrgcqmsrqgbcrfcSlgrcbQr_rcq*mp_eepce_rcdmpcgelgltcqrkclrqt_jscb_r"/..*... 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Dmpk&0.01'  110..6/0+0/+01  BCQRGL?RGMLKCBGA?JACLRCPAMPNMP?RGML24+273715/ 7 N_ec Dmpk77.&0.01' N_prTGGG Qr_rckclrmdPctclsc Ÿ AfcaigdQafcbsjcMamlr_glq_pcqnmlqcmplmrcrm_lwjglcglrfgqN_prTGGG}}}}}}}}}}}}}}}}}}}}}}}}} &?'&@'&A'&B' Pctclsccvajsbcb Pcj_rcbmpcvcknrSlpcj_rcb Rmr_jpctclsc dpmkr_vslbcp dslargmlpctclsc`sqglcqqpctclsc qcargmlq3/0+3/2 Dcbcp_rcba_kn_gelq||||| /_/_ Amlrpg`srgmlq*Egdrq*Ep_lrq _lbMrfcpQgkgj_p?kmslrq Kck`cpqfgnbscq||||||| `/` Dslbp_gqglectclrq||||||| a/a Pcj_rcbmpe_lgx_rgmlq||||| b/b 0*2.0*246, Emtcplkclrep_lrq&amlrpg`srgmlq' c/c ?jjmrfcpamlrpg`srgmlq*egdrq*ep_lrq*_lb d qgkgj_p_kmslrqlmrglajsbcb_`mtc| /d " e/e Lmla_qfamlrpg`srgmlqglajsbcbgljglcq/_+/d 0*2.0*246, ?bbjglcq/_+/d}}}}}}}}}}}}}}}}}} fRmr_j, @sqglcqqAmbc _ 0 Npmep_kQcptgac ` Pctclsc a b c ?jjmrfcpnpmep_kqcptgacpctclsc||||| d ?bbjglcq0_+0d}}}}}}}}}}}}}}}}}}} eRmr_j, 1 Gltcqrkclrglamkc&glajsbglebgtgbclbq*glrcpcqr*_lb 51,51, mrfcpqgkgj_p_kmslrq'|||||||||||||||||| Glamkcdpmkgltcqrkclrmdr_v+cvcknr`mlbnpmaccbq 2 Pmw_jrgcq}}}}}}}}}}}}}}}}}}}}}}}}} 3 &g'Pc_j&gg'Ncpqml_j Epmqqpclrq||||| 4_4_ Jcqq8pclr_jcvnclqcq| `4` Pclr_jglamkcmp&jmqq' a4a Lcrpclr_jglamkcmp&jmqq'}}}}}}}}}}}}}}}}} b &g'Qcaspgrgcq&gg'Mrfcp Epmqq_kmslrdpmkq_jcqmd 5_ _qqcrqmrfcprf_lgltclrmpw 5_ Jcqq8amqrmpmrfcp`_qgq ` MrfcpPctclsc _lbq_jcqcvnclqcq||| 5` E_glmp&jmqq'||||| a5a Lcre_glmp&jmqq'}}}}}}}}}}}}}}}}}}}}} b Epmqqglamkcdpmkdslbp_gqglectclrq&lmr _ 6 glajsbgle" md amlrpg`srgmlqpcnmprcbmljglc/a',Qcc N_prGT*jglc/6|||||||||||| 6_ Jcqq8bgpcarcvnclqcq|||||||| `6` Lcrglamkcmp&jmqq'dpmkdslbp_gqglectclrq}}}}}}} a Epmqqglamkcdpmke_kgle_argtgrgcq,Qcc 7_ N_prGT*jglc/7|||||||||||| 7_ Jcqq8bgpcarcvnclqcq|||||||| `7` Lcrglamkcmp&jmqq'dpmke_kgle_argtgrgcq}}}}}}}} a Epmqqq_jcqmdgltclrmpw*jcqqpcrsplq /._ _lb_jjmu_lacq|||||||||||| /._ Jcqq8amqrmdemmbqqmjb||||||| `/.` Lcrglamkcmp&jmqq'dpmkq_jcqmdgltclrmpw}}}}}}}} a @sqglcqqAmbc Kgqacjj_lcmsq //_ Pctclsc ` a b?jjmrfcppctclsc||||||||||||| ?bbjglcq//_+//b}}}}}}}}}}}}}}}}} cRmr_j, 0*2.0*32/,.,.,51, Qccglqrpsargmlq}}}}}}}}}}}}}}} /0 Rmr_jpctclsc, 77. Dmpk&0.01'  110..7/0+0/+01  /.  /135.7/7/1/617?1212160.01,.2.0.BCQRGL?RGMLKCBGA?JACLRC?121216/ BCQRGL?RGMLKCBGA?JACLRCPAMPNMP?RGML24+273715/ /. Dmpk77.&0.01'N_ec Qr_rckclrmdDslargml_jCvnclqcq N_prGV M_]ncih/*+"]#"-#[h^/*+"]#".#ila[hct[ncihmgomn]igjf_n_[ff]ifoghm(;ffinb_lila[hct[ncihmgomn]igjf_n_]ifogh";#( Ÿ AfcaigdQafcbsjcMamlr_glq_pcqnmlqcmplmrcrm_lwjglcglrfgqN_prGV}}}}}}}}}}}}}}}}}}}}}}}}}} &?'&@'&A'&B' >ihinch]fo^_[giohnml_jiln_^ihfch_m0\& Rmr_jcvnclqcqNpmep_kqcptgacK_l_eckclr_lbDslbp_gqgle 1\&2\&3\&[h^+*\i`J[lnPCCC( cvnclqcqeclcp_jcvnclqcqcvnclqcq Ep_lrq_lbmrfcp_qqgqr_lacrmbmkcqrgampe_lgx_rgmlq / _lbbmkcqrgaemtcplkclrq,QccN_prGT*jglc0/| Ep_lrq_lbmrfcp_qqgqr_lacrmbmkcqrga 0 glbgtgbs_jq,QccN_prGT*jglc00||||||| Ep_lrq_lbmrfcp_qqgqr_lacrmdmpcgel 1 mpe_lgx_rgmlq*dmpcgelemtcplkclrq*_lbdmpcgel glbgtgbs_jq,QccN_prGT*jglcq/3_lb/4||| @clcdgrqn_gbrmmpdmpkck`cpq||||||| 2 Amknclq_rgmlmdasppclrmddgacpq*bgpcarmpq* 3 rpsqrccq*_lbicwcknjmwccq|||||||| Amknclq_rgmllmrglajsbcb_`mtcrmbgqos_jgdgcb 4 ncpqmlq&_qbcdglcbslbcpqcargml2736&d'&/''_lb ncpqmlqbcqapg`cbglqcargml2736&a'&1'&@'||| 5 Mrfcpq_j_pgcq_lbu_ecq|||||||||| Nclqgmlnj_l_aaps_jq_lbamlrpg`srgmlq&glajsbc 6 qcargml2./&i'_lb2.1&`'cknjmwcpamlrpg`srgmlq' Mrfcpcknjmwcc`clcdgrq|||||||||| 7 /.N_wpmjjr_vcq|||||||||||||||| Dccqdmpqcptgacq&lmlcknjmwccq'8 // K_l_eckclr|||||||||||||||| _ /.4*5.4,/.4*5.4, Jce_j|||||||||||||||||||| ` 4*176,4*176, a?aamslrgle||||||||||||||||| Jm``wgle|||||||||||||||||| b Npmdcqqgml_jdslbp_gqgleqcptgacq,QccN_prGT*jglc/5 c Gltcqrkclrk_l_eckclrdccq|||||||| d Mrfcp,&Gdjglc//e_kmslrcvaccbq/.#mdjglc03* e 7*113,7*113, amjskl&?'*_kmslr*jgqrjglc//ecvnclqcqmlQafM,' ?btcprgqgle_lbnpmkmrgml||||||||| /0 Mddgaccvnclqcq||||||||||||||| /1 Gldmpk_rgmlrcaflmjmew ||||||||||| /2 Pmw_jrgcq|||||||||||||||||| /3 1/*556,1/*556, Maasn_law||||||||||||||||| /4 /*635,/*635, ||||||||||||||||||| Rp_tcj /5 N_wkclrqmdrp_tcjmpclrcpr_glkclrcvnclqcq /6 | dmp_lwdcbcp_j*qr_rc*mpjma_jns`jgamddgag_jq Amldcpclacq*amltclrgmlq*_lbkccrgleq|| /7 2*.75,2*.75, Glrcpcqr|||||||||||||||||| 0. N_wkclrqrm_ddgjg_rcq|||||||||||| 0/ Bcnpcag_rgml*bcnjcrgml*_lb_kmprgx_rgml|| 00 7*477,7*477, Glqsp_lac||||||||||||||||| 01 Mrfcpcvnclqcq,Grckgxccvnclqcqlmramtcpcb 02 _`mtc,&Jgqrkgqacjj_lcmsqcvnclqcqmljglc02c,Gd jglc02c_kmslrcvaccbq/.#mdjglc03*amjskl&?'* _kmslr*jgqrjglc02ccvnclqcqmlQafcbsjcM,' NPMEP?KAMQRQ0*010*45/,0*010*45/, _ ` a b ?jjmrfcpcvnclqcq c 0*2.0*32/,0*014*546,/43*551,., ?bbjglcq/rfpmsef02c 03 Rmr_jdslargml_jcvnclqcq, Amknjcrcrfgqjglcmljwgdrfcmpe_lgx_rgml 04 Hmglramqrq, pcnmprcbglamjskl&@'hmglramqrqdpmk_amk`glcb cbsa_rgml_ja_kn_gel_lbdslbp_gqgleqmjgagr_rgml, Ÿ Afcaifcpc gddmjjmugleQMN76+0&?QA736+50.' 77. Dmpk&0.01'  110././0+0/+01  //  /135.7/7/1/617?1212160.01,.2.0.BCQRGL?RGMLKCBGA?JACLRC?121216/ BCQRGL?RGMLKCBGA?JACLRCPAMPNMP?RGML24+273715/ // Dmpk77.&0.01'N_ec @_j_lacQfccr N_prV Ÿ AfcaigdQafcbsjcMamlr_glq_pcqnmlqcmplmrcrm_lwjglcglrfgqN_prV}}}}}}}}}}}}}}}}}}}}}}}}}}}}} &?'&@' @cegllglemdwc_pClbmdwc_p A_qf+lml+glrcpcqr+`c_pgle||||||||||||||||||||||||| // 0*/6/,657, Q_tgleq_lbrcknmp_pwa_qfgltcqrkclrq|||||||||||||||||| 00 Njcbecq_lbep_lrqpcacgt_`jc*lcr||||||||||||||||||||| 11 ?aamslrqpcacgt_`jc*lcr|||||||||||||||||||||||||| 22 Jm_lq_lbmrfcppcacgt_`jcqdpmk_lwasppclrmpdmpkcpmddgacp*bgpcarmp* 3 rpsqrcc*icwcknjmwcc*apc_rmpmpdmslbcp*qs`qr_lrg_jamlrpg`srmp*mp13# amlrpmjjcbclrgrwmpd_kgjwkck`cpmd_lwmdrfcqcncpqmlq||||||||| 3 Jm_lq_lbmrfcppcacgt_`jcqdpmkmrfcpbgqos_jgdgcbncpqmlq&_qbcdglcb 4 slbcpqcargml2736&d'&/''*_lbncpqmlqbcqapg`cbglqcargml2736&a'&1'&@'|| 4 Lmrcq_lbjm_lqpcacgt_`jc*lcr||||||||||||||||||||||| 55 ?qqcrq Gltclrmpgcqdmpq_jcmpsqc|||||||||||||||||||||||||| 66 4/*1.5,3/*632, Npcn_gbcvnclqcq_lbbcdcppcbaf_pecq|||||||||||||||||| 77 J_lb*`sgjbgleq*_lbcosgnkclr8amqrmpmrfcp /._ `_qgq,AmknjcrcN_prTGmdQafcbsjcB||| /._ `Jcqq8_aasksj_rcbbcnpcag_rgml||||||/.`/.a Gltcqrkclrq+ns`jgajwrp_bcbqcaspgrgcq||||||||||||||||||| //// Gltcqrkclrq+mrfcpqcaspgrgcq,QccN_prGT*jglc//|||||||||||||| /0/0 Gltcqrkclrq+npmep_k+pcj_rcb,QccN_prGT*jglc//||||||||||||| /1/1 /2 Glr_leg`jc_qqcrq||||||||||||||||||||||||||||||/2 046*27.,201*460, Mrfcp_qqcrq,QccN_prGT*jglc//|||||||||||||||||||||| /3/3 11/*756,254*2/3, ?bbjglcq/rfpmsef/3&ksqrcos_jjglc11'}}}}}}}}}} /4Rmr_j_qqcrq,/4 /47*45/,101*34/, ?aamslrqn_w_`jc_lb_aapscbcvnclqcq|||||||||||||||||| /5/5 /6 Ep_lrqn_w_`jc|||||||||||||||||||||||||||||||/6 4/*1.5,3/*632, Bcdcppcbpctclsc|||||||||||||||||||||||||||||| /7/7 R_v+cvcknr`mlbjg_`gjgrgcq||||||||||||||||||||||||| 0.0. Cqapmumpasqrmbg_j_aamslrjg_`gjgrw,AmknjcrcN_prGTmdQafcbsjcB|||| 0/0/ Jm_lq_lbmrfcpn_w_`jcqrm_lwasppclrmpdmpkcpmddgacp*bgpcarmp* 00 Jg_`gjgrgcq rpsqrcc*icwcknjmwcc*apc_rmpmpdmslbcp*qs`qr_lrg_jamlrpg`srmp*mp13# amlrpmjjcbclrgrwmpd_kgjwkck`cpmd_lwmdrfcqcncpqmlq ||||||||| 00 Qcaspcbkmpre_ecq_lblmrcqn_w_`jcrmslpcj_rcbrfgpbn_prgcq|||||| 0101 Slqcaspcblmrcq_lbjm_lqn_w_`jcrmslpcj_rcbrfgpbn_prgcq|||||||| 0202 Mrfcpjg_`gjgrgcq&glajsbgledcbcp_jglamkcr_v*n_w_`jcqrmpcj_rcbrfgpb 03 n_prgcq*_lbmrfcpjg_`gjgrgcqlmrglajsbcbmljglcq/5+02',AmknjcrcN_prV /./*...,/./*..., mdQafcbsjcB||||||||||||||||||||||||||||||| 03 11/*756,254*2/3, ?bbjglcq/5rfpmsef03}}}}}}}}}}}}}}}}}} 04Rmr_jjg_`gjgrgcq,04 V Ÿ Mpe_lgx_rgmlqrf_rdmjjmuD?Q@?QA736*afcaifcpc Lcr?qqcrqmpDslb@_j_lacq _lbamknjcrcjglcq05*06*10*_lb11, Lcr_qqcrqugrfmsrbmlmppcqrpgargmlq|||||||||||||||||||| 0505 Lcr_qqcrqugrfbmlmppcqrpgargmlq|||||||||||||||||||||| 0606 Ÿ Mpe_lgx_rgmlqrf_rbmlmrdmjjmuD?Q@?QA736*afcaifcpc _lbamknjcrcjglcq07rfpmsef11, A_ngr_jqrmaimprpsqrnpglagn_j*mpasppclrdslbq|||||||||||||||07 07 N_gb+glmpa_ngr_jqspnjsq*mpj_lb*`sgjbgle*mpcosgnkclrdslb||||||||1. 1. Pcr_glcbc_plgleq*clbmukclr*_aasksj_rcbglamkc*mpmrfcpdslbq||||1/ 1/ .,., Rmr_jlcr_qqcrqmpdslb`_j_lacq||||||||||||||||||||||10 10 11/*756,254*2/3, Rmr_jjg_`gjgrgcq_lblcr_qqcrq-dslb`_j_lacq}}}}}}}}}}}}}}}}11 11 77. Dmpk&0.01'  110.///0+0/+01  /0  /135.7/7/1/617?1212160.01,.2.0.BCQRGL?RGMLKCBGA?JACLRC?121216/ BCQRGL?RGMLKCBGA?JACLRCPAMPNMP?RGML24+273715/ /0 Dmpk77.&0.01'N_ec N_prVG Pcamlagjg_rgmlmdLcr?qqcrq Ÿ AfcaigdQafcbsjcMamlr_glq_pcqnmlqcmplmrcrm_lwjglcglrfgqN_prVG}}}}}}}}}}}}}}}}}}}}}}}}}}}} 0*2.0*32/, Rmr_jpctclsc&ksqrcos_jN_prTGGG*amjskl&?'*jglc/0'|||||||||||||||||||||||||| // 0*2.0*32/, Rmr_jcvnclqcq&ksqrcos_jN_prGV*amjskl&?'*jglc03'|||||||||||||||||||||||||| 00 ., Pctclscjcqqcvnclqcq,Qs`rp_arjglc0dpmkjglc/|||||||||||||||||||||||||||| 11 ., Lcr_qqcrqmpdslb`_j_lacq_r`cegllglemdwc_p&ksqrcos_jN_prV*jglc10*amjskl&?''|||||||||| 22 Lcrslpc_jgxcbe_glq&jmqqcq'mlgltcqrkclrq||||||||||||||||||||||||||||||| 33 Bml_rcbqcptgacq_lbsqcmdd_agjgrgcq||||||||||||||||||||||||||||||||||| 44 Gltcqrkclrcvnclqcq||||||||||||||||||||||||||||||||||||||||||| 55 Npgmpncpgmb_bhsqrkclrq||||||||||||||||||||||||||||||||||||||||| 66 ., Mrfcpaf_lecqgllcr_qqcrqmpdslb`_j_lacq&cvnj_glmlQafcbsjcM'|||||||||||||||||| 77 Lcr_qqcrqmpdslb`_j_lacq_rclbmdwc_p,Amk`glcjglcq1rfpmsef7&ksqrcos_jN_prV*jglc10* /. ., amjskl&@''}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} /. N_prVGG Dgl_lag_jQr_rckclrq_lbPcnmprgle V Ÿ }}}}}}}}}}}}}}}}}}}}}}}}}}} AfcaigdQafcbsjcMamlr_glq_pcqnmlqcmplmrcrm_lwjglcglrfgqN_prVGG WcqLm V ŸŸŸ ?aamslrglekcrfmbsqcbrmnpcn_pcrfcDmpk77.8A_qf?aaps_jMrfcp / Gdrfcmpe_lgx_rgmlaf_lecbgrqkcrfmbmd_aamslrgledpmk_npgmpwc_pmpafcaicb Mrfcp* cvnj_glmlQafcbsjcM, V Ucpcrfcmpe_lgx_rgml%qdgl_lag_jqr_rckclrqamkngjcbmppctgcucb`w_lglbcnclbclr_aamslr_lr=|||||||||||| 0_0_ Gd Wcq* afcai_`mv`cjmurmglbga_rcufcrfcprfcdgl_lag_jqr_rckclrqdmprfcwc_pucpcamkngjcbmppctgcucbml_ qcn_p_rc`_qgq*amlqmjgb_rcb`_qgq*mp`mrf8 ŸŸŸ Qcn_p_rc`_qgqAmlqmjgb_rcb`_qgq@mrfamlqmjgb_rcb_lbqcn_p_rc`_qgq V Ucpcrfcmpe_lgx_rgml%qdgl_lag_jqr_rckclrq_sbgrcb`w_lglbcnclbclr_aamslr_lr=||||||||||||||||||| `0` Gd Wcq* afcai_`mv`cjmurmglbga_rcufcrfcprfcdgl_lag_jqr_rckclrqdmprfcwc_pucpc_sbgrcbml_qcn_p_rc`_qgq* amlqmjgb_rcb`_qgq*mp`mrf8 V ŸŸŸ Qcn_p_rc`_qgqAmlqmjgb_rcb`_qgq@mrfamlqmjgb_rcb_lbqcn_p_rc`_qgq Gd Wcq rmjglc0_mp0`*bmcqrfcmpe_lgx_rgmlf_tc_amkkgrrccrf_r_qqskcqpcqnmlqg`gjgrwdmpmtcpqgefrmdrfc_sbgr* a V pctgcu*mpamkngj_rgmlmdgrqdgl_lag_jqr_rckclrq_lbqcjcargmlmd_lglbcnclbclr_aamslr_lr=||||||||||||||| 0a Gdrfcmpe_lgx_rgmlaf_lecbcgrfcpgrqmtcpqgefrnpmacqqmpqcjcargmlnpmacqqbspglerfcr_vwc_p*cvnj_glmlQafcbsjcM, ?q_pcqsjrmd_dcbcp_j_u_pb*u_qrfcmpe_lgx_rgmlpcosgpcbrmslbcpem_l_sbgrmp_sbgrq_qqcrdmprfglrfc 1_ V SlgdmpkEsgb_lac*0A,D,P,N_pr0..*Qs`n_prD=||||||||||||||||||||||||||||||||||||| 1_ Gd Wcq* bgbrfcmpe_lgx_rgmlslbcpemrfcpcosgpcb_sbgrmp_sbgrq=Gdrfcmpe_lgx_rgmlbgblmrslbcpemrfcpcosgpcb_sbgr ` mp_sbgrq*cvnj_glufwmlQafcbsjcM_lbbcqapg`c_lwqrcnqr_iclrmslbcpemqsaf_sbgrq}}}}}}}}}}}}}}}} 1` 77. Dmpk&0.01'  110./0/0+0/+01  /1  /135.7/7/1/617?1212160.01,.2.0.BCQRGL?RGMLKCBGA?JACLRC?121216/ QAFCBSJC? MK@Lm,/323+..25 Ns`jgaAf_pgrwQr_rsq_lbNs`jgaQsnnmpr 0.01 &Dmpk77.' Amknjcrcgdrfcmpe_lgx_rgmlgq_qcargml3./&a'&1'mpe_lgx_rgmlmp_qcargml 2725&_'&/'lmlcvcknraf_pgr_`jcrpsqr, MnclrmNs`jga ?rr_afrmDmpk77.mpDmpk77.+CX, Bcn_prkclrmdrfcRpc_qspw Glqncargml Glrcpl_jPctclscQcptgac Emrmuuu,gpq,emt-Dmpk77.dmpglqrpsargmlq_lbrfcj_rcqrgldmpk_rgml, L_kcmdrfcmpe_lgx_rgmlCknjmwcpgbclrgdga_rgmllsk`cp BCQRGL?RGMLKCBGA?JACLRCPAMPNMP?RGML24+273715/ N_prGPc_qmldmpNs`jgaAf_pgrwQr_rsq, &?jjmpe_lgx_rgmlqksqramknjcrcrfgqn_pr,'Qccglqrpsargmlq, Rfcmpe_lgx_rgmlgqlmr_npgt_rcdmslb_rgml`ca_sqcgrgq8&Dmpjglcq/rfpmsef/0*afcaimljwmlc`mv,' Ÿ ?afspaf*amltclrgmlmdafspafcq*mp_qqmag_rgmlmdafspafcqbcqapg`cbgl /qcargml/5.&`'&/'&?'&g', Ÿ ?qafmmjbcqapg`cbgl&?rr_afQafcbsjcC&Dmpk77.',' 0qcargml/5.&`'&/'&?'&gg', Ÿ ?fmqngr_jmp_ammncp_rgtcfmqngr_jqcptgacmpe_lgx_rgmlbcqapg`cbgl 1qcargml/5.&`'&/'&?'&ggg', Ÿ ?kcbga_jpcqc_pafmpe_lgx_rgmlmncp_rcbglamlhslargmlugrf_fmqngr_jbcqapg`cbglClrcprfcfmqngr_j%ql_kc* qcargml/5.&`'&/'&?'&ggg', 2 agrw*_lbqr_rc8 Ÿ ?lmpe_lgx_rgmlmncp_rcbdmprfc`clcdgrmd_amjjcecmpslgtcpqgrwmulcbmpmncp_rcb`w_emtcplkclr_jslgrbcqapg`cbgl 3 qcargml/5.&`'&/'&?'&gt',&AmknjcrcN_prGG,' Ÿ ?dcbcp_j*qr_rc*mpjma_jemtcplkclrmpemtcplkclr_jslgrbcqapg`cbgl 4qcargml/5.&`'&/'&?'&t', V Ÿ ?lmpe_lgx_rgmlrf_rlmpk_jjwpcacgtcq_qs`qr_lrg_jn_prmdgrqqsnnmprdpmk_emtcplkclr_jslgrmpdpmkrfceclcp_jns`jgabcqapg`cbgl 5 &AmknjcrcN_prGG,' qcargml/5.&`'&/'&?'&tg', Ÿ 6?amkkslgrwrpsqrbcqapg`cbglqcargml/5.&`'&/'&?'&tg',&AmknjcrcN_prGG,' Ÿ ?l_epgasjrsp_jpcqc_pafmpe_lgx_rgmlbcqapg`cbglmncp_rcbglamlhslargmlugrf_j_lb+ep_lramjjcec 7qcargml/5.&`'&/'&?'&gv' mpslgtcpqgrwmp_lml+j_lb+ep_lramjjcecmd_epgasjrspc&qccglqrpsargmlq',Clrcprfcl_kc*agrw*_lbqr_rcmdrfcamjjcecmp slgtcpqgrw8 Ÿ /. ?lmpe_lgx_rgmlrf_rlmpk_jjwpcacgtcq&/'kmpcrf_l11/-1#mdgrqqsnnmprdpmkamlrpg`srgmlq*kck`cpqfgndccq*_lbepmqqpcacgnrqdpmk _argtgrgcqpcj_rcbrmgrqcvcknrdslargmlq*qs`hcarrmacpr_glcvacnrgmlq9_lb&0'lmkmpcrf_l11/-1#mdgrqqsnnmprdpmkepmqqgltcqrkclr glamkc_lbslpcj_rcb`sqglcqqr_v_`jcglamkc&jcqqqcargml3//r_v'dpmk`sqglcqqcq_aosgpcb`wrfcmpe_lgx_rgml_drcpHslc1.*/753, Qcc&AmknjcrcN_prGGG,' qcargml3.7&_'&0', Ÿ //?lmpe_lgx_rgmlmpe_lgxcb_lbmncp_rcbcvajsqgtcjwrmrcqrdmpns`jgaq_dcrw,Qccqcargml3.7&_'&2', Ÿ ?lmpe_lgx_rgmlmpe_lgxcb_lbmncp_rcbcvajsqgtcjwdmprfc`clcdgrmd*rmncpdmpkrfcdslargmlqmd*mprma_ppwmsrrfcnspnmqcqmdmlcmp /0 kmpcns`jgajwqsnnmprcbmpe_lgx_rgmlqbcqapg`cbglmp,QccAfcairfc`mvml qcargml3.7&_'&/'qcargml3.7&_'&0'qcargml3.7&_'&1', jglcq/0_rfpmsef/0brf_rbcqapg`cqrfcrwncmdqsnnmprglempe_lgx_rgml_lbamknjcrcjglcq/0c*/0d*_lb/0e, Ÿ ?qsnnmprglempe_lgx_rgmlmncp_rcb*qsncptgqcb*mpamlrpmjjcb`wgrqqsnnmprcbmpe_lgx_rgml&q'*rwnga_jjw`wegtgle _RwncG, rfcqsnnmprcbmpe_lgx_rgml&q'rfcnmucprmpcesj_pjw_nnmglrmpcjcar_k_hmpgrwmdrfcbgpcarmpqmprpsqrccqmdrfcqsnnmprgle mpe_lgx_rgml, WmsksqramknjcrcN_prGT*Qcargmlq?_lb@, Ÿ ?qsnnmprglempe_lgx_rgmlqsncptgqcbmpamlrpmjjcbglamllcargmlugrfgrqqsnnmprcbmpe_lgx_rgml&q'*`wf_tgle `RwncGG, amlrpmjmpk_l_eckclrmdrfcqsnnmprglempe_lgx_rgmltcqrcbglrfcq_kcncpqmlqrf_ramlrpmjmpk_l_ecrfcqsnnmprcb mpe_lgx_rgml&q', WmsksqramknjcrcN_prGT*Qcargmlq?_lbA, Ÿ ?qsnnmprglempe_lgx_rgmlmncp_rcbglamllcargmlugrf*_lbdslargml_jjwglrcep_rcbugrf* aRwncGGGdslargml_jjwglrcep_rcb, grqqsnnmprcbmpe_lgx_rgml&q'&qccglqrpsargmlq', WmsksqramknjcrcN_prGT*Qcargmlq?*B*_lbC, Ÿ ?qsnnmprglempe_lgx_rgmlmncp_rcbglamllcargmlugrfgrqqsnnmprcbmpe_lgx_rgml&q' bRwncGGGlml+dslargml_jjwglrcep_rcb, rf_rgqlmrdslargml_jjwglrcep_rcb,Rfcmpe_lgx_rgmleclcp_jjwksqrq_rgqdw_bgqrpg`srgmlpcosgpckclr_lb_l_rrclrgtclcqq pcosgpckclr&qccglqrpsargmlq', WmsksqramknjcrcN_prGT*Qcargmlq?_lbB*_lbN_prT, Ÿ Afcairfgq`mvgdrfcmpe_lgx_rgmlpcacgtcb_upgrrclbcrcpkgl_rgmldpmkrfcGPQrf_rgrgq_RwncG*RwncGG*RwncGGG c dslargml_jjwglrcep_rcb*mpRwncGGGlml+dslargml_jjwglrcep_rcbqsnnmprglempe_lgx_rgml, Clrcprfclsk`cpmdqsnnmprcbmpe_lgx_rgmlq||||||||||||||||||||||||||||||||||||| d Npmtgbcrfcdmjjmuglegldmpk_rgml_`msrrfcqsnnmprcbmpe_lgx_rgml&q', e  &gt'Gqrfcmpe_lgx_rgmljgqrcb &g'L_kcmdqsnnmprcb&gg'CGL&ggg'Rwncmdmpe_lgx_rgml&t'?kmslrmdkmlcr_pw&tg'?kmslrmdmrfcp glwmspemtcplglebmaskclr= &bcqapg`cbmljglcq/+/. mpe_lgx_rgmlqsnnmpr&qccglqrpsargmlq'qsnnmpr&qccglqrpsargmlq' WcqLm _`mtc&qccglqrpsargmlq'' Rmr_j JF? DmpN_ncpumpiPcbsargml?arLmrgac*qccrfcGlqrpsargmlqdmpDmpk77.mp77.+CX,Qafcbsjc?&Dmpk77.'0.01 110.0//0+0/+01   BCQRGL?RGMLKCBGA?JACLRCPAMPNMP?RGML24+273715/ Qafcbsjc?&Dmpk77.'0.01N_ec 0 N_prGGQsnnmprQafcbsjcdmpMpe_lgx_rgmlqBcqapg`cbglQcargmlq/5.&`'&/'&?'&gt'_lb/5.&`'&/'&?'&tg' &Amknjcrcmljwgdwmsafcaicbrfc`mvmljglc3*5*mp6mdN_prGmpgdrfcmpe_lgx_rgmld_gjcbrmos_jgdwslbcpN_prGGG,Gdrfcmpe_lgx_rgml d_gjqrmos_jgdwslbcprfcrcqrqjgqrcb`cjmu*njc_qcamknjcrcN_prGGG,' Qcargml?,Ns`jgaQsnnmpr 0./70.0.0.0/0.000.01Rmr_j A_jclb_pwc_p&mpdgqa_jwc_p`cegllglegl'&_'&`'&a'&b'&c'&d' Egdrq*ep_lrq*amlrpg`srgmlq*_lb / kck`cpqfgndccqpcacgtcb,&Bmlmr 05..501,0127455,0.31350,0..7031,02.0246,//3/3471, glajsbc_lw slsqs_jep_lrq, ' || R_vpctclscqjctgcbdmprfcmpe_l+ 0 gx_rgml%q`clcdgr_lbcgrfcpn_gbrm mpcvnclbcbmlgrq`cf_jd |||| Rfct_jscmdqcptgacqmpd_agjgrgcq 1 dsplgqfcb`w_emtcplkclr_jslgrrm rfcmpe_lgx_rgmlugrfmsraf_pec | 05..501,0127455,0.31350,0..7031,02.0246,//3/3471, ?bbjglcq/rfpmsef1||| 2Rmr_j, Rfcnmprgmlmdrmr_jamlrpg`srgmlq 3 `wc_afncpqml&mrfcprf_l_ emtcplkclr_jslgrmpns`jgajw qsnnmprcbmpe_lgx_rgml'glajsbcb mljglc/rf_rcvaccbq0#mdrfc _kmslrqfmulmljglc//* amjskl&d' |||||||||||| //3/3471, 4 Ns`jgaqsnnmpr, Qs`rp_arjglc3dpmkjglc2, Qcargml@,Rmr_jQsnnmpr 0./70.0.0.0/0.000.01Rmr_j A_jclb_pwc_p&mpdgqa_jwc_p`cegllglegl'&_'&`'&a'&b'&c'&d' 05..501,0127455,0.31350,0..7031,02.0246,//3/3471, ?kmslrqdpmkjglc2||||||| 5 6 Epmqqglamkcdpmkglrcpcqr* bgtgbclbq*n_wkclrqpcacgtcbml qcaspgrgcqjm_lq*pclrq*pmw_jrgcq* /2,/1,51,/.., _lbglamkcdpmkqgkgj_pqmspacq| Lcrglamkcdpmkslpcj_rcb`sqglcqq 7 _argtgrgcq*ufcrfcpmplmrrfc `sqglcqqgqpcesj_pjwa_ppgcbml| Mrfcpglamkc,Bmlmrglajsbce_gl /. mpjmqqdpmkrfcq_jcmda_ngr_j _qqcrq&Cvnj_glglN_prTG,'|||| //3/3571, ?bbjglcq5rfpmsef/. //Rmr_jqsnnmpr, Epmqqpcacgnrqdpmkpcj_rcb_argtgrgcq*cra,&qccglqrpsargmlq'||||||||||||||||||||||| /0/0 GdrfcDmpk77.gqdmprfcmpe_lgx_rgml%qdgpqr*qcamlb*rfgpb*dmsprf*mpdgdrfr_vwc_p_q_qcargml3./&a'&1' /1Dgpqr3wc_pq, Ÿ }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} mpe_lgx_rgml*afcairfgq`mv_lb qrmnfcpc QcargmlA,Amknsr_rgmlmdNs`jgaQsnnmprNcpaclr_ec /..,.. ||||||||||| Ns`jgaqsnnmprncpaclr_ecdmp0.01&jglc4*amjskl&d'*bgtgbcb`wjglc//*amjskl&d''/2# /2 /..,.. 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mlDmpk77.*N_prGT*jglc//a,QccDmpk77.*N_prV*jglc/1, Bcqapgnrgmlmdgltcqrkclr@mmit_jscKcrfmbmdt_js_rgml8Amqrmpclb+md+wc_pk_picrt_jsc &_'&`'&a' &/' &0' &1' &2' &3' &4' &5' &6' &7' &Amj,&`'ksqrcos_jDmpk77.*N_prV*jglc/1*amj,&@'' Rmr_j, N_prGVMrfcp?qqcrq Amknjcrcgdrfcmpe_lgx_rgml_lqucpcb Wcq mlDmpk77.*N_prGT*jglc//b,QccDmpk77.*N_prV*jglc/3, Bcqapgnrgml@mmit_jsc &_'&`' ?BT?LACRMBKACB?/..*..., &/' BSCDPMKMRFCPEMTCPLKCLRQ101*460, &0' &1' &2' &3' &4' &5' &6' &7' 201*460, "=ifogh"\#gomn_ko[f@ilg33*&J[lnR&fch_+/&]if("<## Rmr_j, }}}}}}}}}}}}}}}}}}}}}}}}}}}}} N_prVMrfcpJg_`gjgrgcq Amknjcrcgdrfcmpe_lgx_rgml_lqucpcb Wcq mlDmpk77.*N_prGT*jglc//cmp//d,QccDmpk77.*N_prV*jglc03, Bcqapgnrgmlmdjg_`gjgrw@mmit_jsc &_'&`' /, &/'Dcbcp_jglamkcr_vcq BSCRMMRFCPEMTCPLKCLRQ/./*..., &0' &1' &2' &3' &4' &5' &6' &7' /./*..., "=ifogh"\#gomn_ko[f@ilg33*&J[lnR&fch_,/&]if("<## }}}}}}}}}}}}}}}}}}}}}}}}}}}}} Rmr_j, Jg_`gjgrwdmpslacpr_glr_vnmqgrgmlq,GlN_prVGGG*npmtgbcrfcrcvrmdrfcdmmrlmrcrmrfcmpe_lgx_rgml%qdgl_lag_jqr_rckclrqrf_rpcnmprqrfc 0, Ÿ mpe_lgx_rgml%qjg_`gjgrwdmpslacpr_glr_vnmqgrgmlqslbcpD?Q@?QA52.,Afcaifcpcgdrfcrcvrmdrfcdmmrlmrcf_q`cclnpmtgbcbglN_prVGGG} QafcbsjcB&Dmpk77.'0.01 110.31.7+06+01  06  /135.7/7/1/617?1212160.01,.2.0.BCQRGL?RGMLKCBGA?JACLRC?121216/ BCQRGL?RGMLKCBGA?JACLRCPAMPNMP?RGML24+273715/ 2 QafcbsjcB&Dmpk77.'0.01N_ec N_prVGPcamlagjg_rgmlmdPctclscncp?sbgrcbDgl_lag_jQr_rckclrqUgrfPctclscncpPcrspl Amknjcrcgdrfcmpe_lgx_rgml_lqucpcb Wcq mlDmpk77.*N_prGT*jglc/0_, 0*2.0*32/, Rmr_jpctclsc*e_glq*_lbmrfcpqsnnmprncp_sbgrcbdgl_lag_jqr_rckclrq||||||||||||||||||| // ?kmslrqglajsbcbmljglc/`srlmrmlDmpk77.*N_prTGGG*jglc/08 0 Lcrslpc_jgxcbe_glq&jmqqcq'mlgltcqrkclrq|||||||||||||||||| _0_ Bml_rcbqcptgacq_lbsqcmdd_agjgrgcq|||||||||||||||||||||| `0` Pcamtcpgcqmdnpgmpwc_pep_lrq||||||||||||||||||||||||| a0a Mrfcp&Bcqapg`cglN_prVGGG,'|||||||||||||||||||||||||| b0b ., ?bbjglcqrfpmsef||||||||||||||||||||||||||||||||||||||||||| c0_0b0c 0*2.0*32/, Qs`rp_arjglcdpmkjglc|||||||||||||||||||||||||||||||||||||||||| 10c/1 ?kmslrqglajsbcbmlDmpk77.*N_prTGGG*jglc/0*`srlmrmljglc/8 2 GltcqrkclrcvnclqcqlmrglajsbcbmlDmpk77.*N_prTGGG*jglc5`|||||||| _2_ Mrfcp&Bcqapg`cglN_prVGGG,'|||||||||||||||||||||||||| `2` ., ?bbjglcq_lb||||||||||||||||||||||||||||||||||||||||||||| a2_2`2a 0*2.0*32/, Rmr_jpctclsc,?bbjglcq_lb"Nbcmgomn_ko[f@ilg33*&J[lnC&fch_+,(#}}}}}}}}}}}}}}}}} 312a,3 N_prVGGPcamlagjg_rgmlmdCvnclqcqncp?sbgrcbDgl_lag_jQr_rckclrqUgrfCvnclqcqncpPcrspl Amknjcrcgdrfcmpe_lgx_rgml_lqucpcb Wcq mlDmpk77.*N_prGT*jglc/0_, 0*2.0*32/, Rmr_jcvnclqcq_lbjmqqcqncp_sbgrcbdgl_lag_jqr_rckclrq|||||||||||||||||||||||||| // 0?kmslrqglajsbcbmljglc/`srlmrmlDmpk77.*N_prGV*jglc038 Bml_rcbqcptgacq_lbsqcmdd_agjgrgcq|||||||||||||||||||||| _0_ Npgmpwc_p_bhsqrkclrq||||||||||||||||||||||||||||| `0` Mrfcpjmqqcq|||||||||||||||||||||||||||||||||| a0a |||||||||||||||||||||||||| b Mrfcp&Bcqapg`cglN_prVGGG,'0b ., ?bbjglcqrfpmsef||||||||||||||||||||||||||||||||||||||||||| c0_0b0c 0*2.0*32/, Qs`rp_arjglcdpmkjglc|||||||||||||||||||||||||||||||||||||||||| 10c/1 ?kmslrqglajsbcbmlDmpk77.*N_prGV*jglc03*`srlmrmljglc/8 2 _GltcqrkclrcvnclqcqlmrglajsbcbmlDmpk77.*N_prTGGG*jglc5`||||||||2_ Mrfcp&Bcqapg`cglN_prVGGG,'|||||||||||||||||||||||||| `2` ., ?bbjglcq_lb||||||||||||||||||||||||||||||||||||||||||||| a2_2`2a 0*2.0*32/, }}}}}}}}}}}}}}}} "Nbcmgomn_ko[f@ilg33*&J[lnC&fch_+2(# Rmr_jcvnclqcq,?bbjglcq_lb 312a,3 N_prVGGGQsnnjckclr_jGldmpk_rgml NpmtgbcrfcbcqapgnrgmlqpcosgpcbdmpN_prGG*jglcq1*3*_lb79N_prGGG*jglcq/__lb29N_prGT*jglcq/`_lb0`9N_prT*jglc29N_prV*jglc09N_prVG* jglcq0b_lb2`9_lbN_prVGG*jglcq0b_lb2`,?jqmamknjcrcrfgqn_prrmnpmtgbc_lw_bbgrgml_jgldmpk_rgml, QafcbsjcB&Dmpk77.'0.01 110.32.7+06+01  Qsnnjckclr_jGldmpk_rgmlrmDmpk77.mp77.+CX MK@Lm,/323+..25 QAFCBSJCM 0.01 &Dmpk77.' Amknjcrcrmnpmtgbcgldmpk_rgmldmppcqnmlqcqrmqncagdgaoscqrgmlqml Dmpk77.mp77.+CXmprmnpmtgbc_lw_bbgrgml_jgldmpk_rgml, MnclrmNs`jga ?rr_afrmDmpk77.mpDmpk77.+CX, Bcn_prkclrmdrfcRpc_qspw Glqncargml Emrmuuu,gpq,emt-Dmpk77.dmprfcj_rcqrgldmpk_rgml, Glrcpl_jPctclscQcptgac L_kcmdrfcmpe_lgx_rgml Cknjmwcpgbclrgdga_rgmllsk`cp BCQRGL?RGMLKCBGA?JACLRCPAMPNMP?RGML24+273715/ DMPK77.*N?PRGGG*JGLC/*BCQAPGNRGMLMDMPE?LGX?RGMLKGQQGML8 ?LBQSNNMPRGLERFCCAMLMKGAEPMURFMDKGLLCQMR??LBGRQ@GMQAGCLACQ QCARMP, DMPK77.*N?PRTG*QCARGML?*JGLC/?8 RFCCVCASRGTCAMKKGRRCCGQAMKNPGQCBMDRFCAF?GP*RPC?QSPCP*?LBQSAF MRFCPNCPQMLQ*GD?LW*CJCARCB@WRFC@M?PBMDBGPCARMPQ,RFCK?PHMPGRWMD RFCKCK@CPQMDRFCCVCASRGTCAMKKGRRCCQF?JJ@CBGPCARMPQ,RFCCVCASRGTC AMKKGRRCCQF?JJ?ARMLJWBSPGLEGLRCPT?JQ@CRUCCLKCCRGLEQMDRFC@M?PBMD BGPCARMPQ?LBQF?JJ?R?JJRGKCQ@CQS@HCARRMRFCAMLRPMJ?LBBGPCARGMLMD RFC@M?PBMDBGPCARGMLQ,BSPGLEQSAFGLRCPT?JQ?LBQS@HCARRMQSAFAMLRPMJ ?LBBGPCARGML*RFCCVCASRGTCAMKKGRRCCQF?JJF?TC?LBK?WCVCPAGQC?JJMD RFC?SRFMPGRW?LBNMUCPQMDRFC@M?PBMDBGPCARMPQGLRFCK?L?ECKCLRMDRFC ?DD?GPQMDRFCMPE?LGX?RGML, DMPK77.*N?PRTG*QCARGML?*JGLC5?8 RFCEMTCPLGLEBMASKCLRQNPMTGBCRF?RRFCDGJGLEMPE?LGX?RGML%Q@M?PBMD BGPCARMPQ?PC?NNMGLRCB?QDMJJMUQ8 RFCK?WMPMDPMAFCQRCP*KL&MPBCQGELCC'QS@HCARRM?NNPMT?J@WRFCAGRW AMSLAGJ, RFCAGRWAMSLAGJNPCQGBCLR*&MPBCQGELCC'QS@HCARRM?NNPMT?J@WRFCAGRW AMSLAGJ, RFCAF?GPMP?LMRFCPKCK@CPMDRFCAMSLRW@M?PBMDMJKQRCBAMSLRW* ?NNMGLRCB@WRFCAMSLRW@M?PB, ?PCNPCQCLR?RGTCMDK?WMAJGLGA?NNMGLRCB@WK?WMAJGLGA DMSPBGPCARMPQ?NNMGLRCB@WRFCEMTCPLMPMDKGLLCQMR?*QS@HCARRM DmpN_ncpumpiPcbsargml?arLmrgac*qccrfcGlqrpsargmlqdmpDmpk77.mp77.+CX,QafcbsjcM&Dmpk77.'0.01 JF? 1100////+/2+01  1.  /135.7/7/1/617?1212160.01,.2.0.BCQRGL?RGMLKCBGA?JACLRC?121216/ QafcbsjcM&Dmpk77.'0.01N_ec 0 L_kcmdrfcmpe_lgx_rgml Cknjmwcpgbclrgdga_rgmllsk`cp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Gbclrgdga_rgmlmdPcj_rcbMpe_lgx_rgmlqR_v_`jc_q_N_prlcpqfgn, &`' mpe_lgx_rgmlqrpc_rcb_q_ampnmp_rgmlmprpsqrbspglerfcr_vwc_p, bmkgagjcamslrpw' &qr_rcmp dmpcgel Jce_j &a' mpe_lgx_rgmlqrpc_rcb_q_n_prlcpqfgnbspglerfcr_vwc_p, Npgk_pw_argtgrw &`' L_kc*_bbpcqq*_lbCGL mdpcj_rcbmpe_lgx_rgml L_kc*_bbpcqq*_lbCGL &_' mdpcj_rcbmpe_lgx_rgml QafcbsjcP&Dmpk77.'0.01 &_' 110/40.7+06+01 N_prGT N_prGGG  1 QafcbsjcP&Dmpk77.'0.01 WcqLm N_ec VVVVVVVVVVVVVVVV VVV  24+273715/ /k Kcrfmbmdbcrcpkglgle_kmslrgltmjtcb /m /_/`/a/b/c/e/f/i/l/n/o /q /d/p /h /g/j |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| Pcacgnrmdglrcpcqr*_llsgrgcq*pmw_jrgcq*mppclrdpmk_amlrpmjjcbclrgrw|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} 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ŽĞƐƚŚĞƉƌŽũĞĐƚƉƌŽǀŝĚĞĂĐĂƚĂůLJƐƚĨŽƌͬŽƌĂŶĐŚŽƌĨŽƌĂŶĂƉƉƌŽǀĞĚƐƚƌĂƚĞŐLJ͍ ĂŶƚŚĞƉƌŽũĞĐƚƌĞĂƐŽŶĂďůLJďĞĞdžƉĞĐƚĞĚƚŽĐĂƚĂůLJnjĞŽƌĂŶĐŚŽƌĚĞǀĞůŽƉŵĞŶƚŝŶŽŶĞŽĨƚŚĞƐŝdžƐƵďĚŝƐƚƌŝĐƚƐ͍ x  EŽ͕ďƵƚŝƚǁŝůůƌĞƉůĂĐĞďůŝŐŚƚĞĚƉƌŽƉĞƌƚŝĞƐ͘  ĂŶƚŚĞƉƌŽũĞĐƚƌĞĂƐŽŶĂďůLJďĞĞdžƉĞĐƚĞĚƚŽĐĂƚĂůLJnjĞŶĞĐĞƐƐĂƌLJƚƌĂŶƐƉŽƌƚĂƚŝŽŶͬƚƌĂŶƐŝƚƐƚƌĂƚĞŐŝĞƐ͍ x  dŚĞĚĞƚĂŝůƐƉƌŽǀŝĚĞĚŝŶƚŚĞƉƌŽũĞĐƚƉƌŽƉŽƐĂůŝŶĚŝĐĂƚĞĂƉĂƌŬŝŶŐƌĂƚŝŽŽĨŶĞĂƌůLJϭ͗ϭ͕ƚŚŽƵŐŚŝƚŝƐĂŶƚŝĐŝƉĂƚĞĚƚŚĂƚŵĂŶLJŽĨƚŚĞƌĞƐŝĚĞŶƚƐ ǁŽƵůĚŶŽƚŶĞĞĚĂĐĂƌĨŽƌǁŽƌŬĐŽŵŵƵƚŝŶŐŽƌŐƌŽĐĞƌLJƐŚŽƉƉŝŶŐĚƵĞƚŽƚŚĞůŽĐĂƚŝŽŶ͘dŚĞŐĂƌĂŐĞŝƐĨŽƌƚŚĞƐŽůĞƵƐĞŽĨƌĞƐŝĚĞŶƚƐƚŽ ǁĂƌĞŚŽƵƐĞĐĂƌƐĨŽƌƵƐĞ͘ŝŬĞƉĂƌŬŝŶŐĨŽƌƌĞƐŝĚĞŶƚƐǁŝůůĂůƐŽďĞŝŶĐůƵĚĞĚ͘   $    '(67,1$7,210(',&$/  &(17(5(&2120,&    ^d/KEϯ͘ϮKE^/^dEzt/d,s>KWDEdW>E͕Kd,ZW>EE/E'KhDEd^ ŽĞƐƚŚĞƉƌŽũĞĐƚŝŶĐůƵĚĞĂƉůĂŶĨŽƌĂĐŚŝĞǀŝŶŐĐŽŶƐŝƐƚĞŶĐLJǁŝƚŚƚŚĞĞǀĞůŽƉŵĞŶƚWůĂŶ;ĂŶĚĂŶLJƵƉĚĂƚĞƐƚŚĞƌĞƚŽͿĂŶĚŽƚŚĞƌ ƌĞůĞǀĂŶƚƉůĂŶŶŝŶŐĚŽĐƵŵĞŶƚƐ͍  /ƐƚŚĞƉƌŽũĞĐƚĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞDWůĂŶŶŝŶŐŽĐƵŵĞŶƚƐ͍ /ƐƚŚĞƉƌŽũĞĐƚĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞĐƵƌƌĞŶƚDDĂƐƚĞƌWůĂŶ͕dƌĂŶƐƉŽƌƚĂƚŝŽŶDĂƐƚĞƌWůĂŶ͕ĂŶĚͬŽƌ/ŶĨƌĂƐƚƌƵĐƚƵƌĞ x DĂƐƚĞƌWůĂŶ͍  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ͲĞǀĞůŽƉŵĞŶƚŽĨZŽĐŚĞƐƚĞƌ͛ƐůŝĨĞƐĐŝĞŶĐĞŝŶĚƵƐƚƌLJĞĐŽƐLJƐƚĞŵ͕ŝŶĐůƵĚŝŶŐĞŶŐĂŐĞŵĞŶƚ͕ĂǁĂƌĞŶĞƐƐ͕ĂŶĚĞĚƵĐĂƚŝŽŶ ŽƉƉŽƌƚƵŶŝƚŝĞƐ ͲǀĂůƵĂƚŝŽŶͬĚĞǀĞůŽƉŵĞŶƚŽĨDĚŝƐƚƌŝĐƚůŝĨĞƐĐŝĞŶĐĞŝŶĨƌĂƐƚƌƵĐƚƵƌĞ͕ŝŶĐůƵĚŝŶŐďƵƐŝŶĞƐƐĂŶĚŽƉĞƌĂƚŝŽŶĂůƉůĂŶŶŝŶŐĨŽƌĂ ƐŚĂƌĞĚůĂďŽƌĂƚŽƌLJĞŶƚĞƌƉƌŝƐĞ Ͳ/ĚĞŶƚŝĨŝĐĂƚŝŽŶĂŶĚƌĞĐƌƵŝƚŵĞŶƚŽĨŚŽƵƐŝŶŐ͕ƌĞƚĂŝů͕ĚŝŶŝŶŐ͕ĂŶĚĞŶƚĞƌƚĂŝŶŵĞŶƚŝŶǀĞƐƚŽƌƐĂŶĚĚĞǀĞůŽƉĞƌƐ ͲDĂƌŬĞƚŝŶŐĂŶĚŝŶĚƵƐƚƌLJƌĞƐĞĂƌĐŚ ͘Wh>//E&Z^dZhdhZEyWZ/E DƉƵďůŝĐŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚĞdžƉĞƌŝĞŶĐĞĂĐƚŝǀŝƚŝĞƐĂƌĞŝŶƚĞŶĚĞĚƚŽ͗ /ŵƉƌŽǀĞƉƵďůŝĐĞdžƉĞƌŝĞŶĐĞĂŶĚƐĂƚŝƐĨĂĐƚŝŽŶƚŚƌŽƵŐŚŝŶǀĞƐƚŵĞŶƚŽĨƐƚƌĂƚĞŐŝĐŝŶĨƌĂƐƚƌƵĐƚƵƌĞƵƐŝŶŐĂĐŽŵŵƵŶŝƚLJĐĞŶƚƌŝĐ Ͳ ĂƉƉƌŽĂĐŚŝŶĂůůƐƚĂŐĞƐŽĨƉůĂŶŶŝŶŐ͕ĚĞǀĞůŽƉŝŶŐĂŶĚŵĂŝŶƚĂŝŶŝŶŐŶĞǁƉƵďůŝĐŝŶĨƌĂƐƚƌƵĐƚƵƌĞ͘ ^ƚƌĂƚĞŐŝĞƐĂŶĚƚĂĐƚŝĐƐƚŽĂĐŚŝĞǀĞƚŚŝƐĂŝŵǁŝůůŝŶĐůƵĚĞ͗ Ͳ>ĞĂĚŝŶŐĂŶĚƉĂƌƚŝĐŝƉĂƚŝŶŐŝŶƚŚĞƉůĂŶŶŝŶŐ͕ĚĞǀĞůŽƉŵĞŶƚ͕ĚĞůŝǀĞƌLJĂŶĚŵĂŝŶƚĞŶĂŶĐĞŽĨŬĞLJŝŶĨƌĂƐƚƌƵĐƚƵƌĞŝŶŝƚŝĂƚŝǀĞƐ ͲĞǀĞůŽƉŝŶŐĂŶĚŵĂŝŶƚĂŝŶŝŶŐŵĞĂƐƵƌĞŵĞŶƚƚŽŽůƐƚŽĞǀĂůƵĂƚĞƉƵďůŝĐĞdžƉĞƌŝĞŶĐĞĞĨĨĞĐƚŝǀĞŶĞƐƐ ͲŶŚĂŶĐŝŶŐĂŶĚĚĞǀĞůŽƉŝŶŐŶĞǁƚŽŽůƐƚŽƐƵƉƉŽƌƚƚŚĞƚƌĂŶƐĨŽƌŵĂƚŝŽŶŽĨƉƵďůŝĐŝŶĨƌĂƐƚƌƵĐƚƵƌĞŽĨĚŽǁŶƚŽǁŶZŽĐŚĞƐƚĞƌ 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ĞŶƚĞƌƚĂŝŶŵĞŶƚǀĞŶƵĞƐ͕ĂŶĚŵĞĚŝĐĂůĨĂĐŝůŝƚŝĞƐ͕ŵĂŶLJŽĨǁŚŝĐŚŚĂǀĞďĞĞŶƵŶĚĞƌŐŽŝŶŐƌĞŝŶǀĞƐƚŵĞŶƚ͘   ŝƐĐŽǀĞƌLJ^ƋƵĂƌĞ͗ĞǀĞůŽƉŝŶŐƚŚĞZŽĐŚĞƐƚĞƌ,ĞĂůƚŚĐĂƌĞdĞĐŚŶŽůŽŐLJ /ŶŶŽǀĂƚŝŽŶĐŽƐLJƐƚĞŵ dŽ͗DŽĂƌĚŽĨŝƌĞĐƚŽƌƐ &ƌŽŵ͗D ĂƚĞ͗^ĞƉƚϮϬ͕ϮϬϮϰ ZĞƋƵĞƐƚŽĨƚŚĞďŽĂƌĚŽĨĚŝƌĞĐƚŽƌƐ͗ EŽĂĐƚŝŽŶƌĞƋƵĞƐƚĞĚ͘ ĂĐŬŐƌŽƵŶĚ͗ ĞƐƚŝŶĂƚŝŽŶDĞĚŝĐĂůĞŶƚĞƌ;DͿŚĂƐĂƚŚƌĞĞͲƉƌŽŶŐĞĚďƵƐŝŶĞƐƐĚĞǀĞůŽƉŵĞŶƚƐƚƌĂƚĞŐLJĂƌŽƵŶĚ ďƵŝůĚŝŶŐĂǁĂƌĞŶĞƐƐŽĨƚŚĞZŽĐŚĞƐƚĞƌĂƌĞĂŝŶƚŚĞŶĂƚŝŽŶĂůĂŶĚŐůŽďĂůŵĂƌŬĞƚƉůĂĐĞ͕ďƵŝůĚŝŶŐ ŝŶĨƌĂƐƚƌƵĐƚƵƌĞŶĞĐĞƐƐĂƌLJƚŽƐƵƉƉŽƌƚďƵƐŝŶĞƐƐŐƌŽǁƚŚ͕ĂŶĚďƵŝůĚŝŶŐĂƐƵƉƉŽƌƚŝǀĞĞĐŽƐLJƐƚĞŵƚŚĂƚ ĂĐĐĞůĞƌĂƚĞďƵƐŝŶĞƐƐƐƵĐĐĞƐƐ͘ dŚŝƐƵƉĚĂƚĞĨŽĐƵƐĞƐŽŶĚĞǀĞůŽƉŝŶŐƚŚĞůŽĐĂůĞĐŽƐLJƐƚĞŵ͕ƚŚĞƐĞƚŽĨƚƌƵƐƚĞĚƌĞůĂƚŝŽŶƐŚŝƉƐĂŵŽŶŐ ƉĞŽƉůĞǁŽƌŬŝŶŐŝŶĂŶĚĂĚũĂĐĞŶƚƚŽŚĞĂůƚŚĐĂƌĞƚĞĐŚŶŽůŽŐLJŝŶĚƵƐƚƌŝĞƐ͘&ŽƌŽƵƌƉƵƌƉŽƐĞƐ͕ƚŚĞ ĞĐŽƐLJƐƚĞŵŶŽĚĞƐĂƌĞϭͿ/ŶĚƵƐƚƌLJ͖ϮͿůŝŶŝĐĂůĂŶĚƌĞƐĞĂƌĐŚŽƌŐĂŶŝnjĂƚŝŽŶƐ͖ϯͿ,ŝŐŚĞƌĚƵĐĂƚŝŽŶ͖ϰͿ ^ĞƌǀŝĐĞƉƌŽǀŝĚĞƌƐ͖ϱͿ/ŶǀĞƐƚŵĞŶƚĂƉŝƚĂů͖ĂŶĚϲͿĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚƉƌŽĨĞƐƐŝŽŶĂůƐ͘ EĞĂƌdĞƌŵĞůŝǀĞƌĂďůĞƐʹĐŽƐLJƐƚĞŵŶŽĚĞĐĞŶƐƵƐĂŶĚĂŶĂůLJƐŝƐ ϭ͘ƐƚĂďůŝƐŚŝŶŐĂĐŽŶƚƌĂĐƚǁŝƚŚĂĐŽŶƐƵůƚŝŶŐĨŝƌŵƚŽĐŽŶĚƵĐƚƚŚĞĨŽůůŽǁŝŶŐĂŶĂůLJƐĞƐ͗ Ă͘,ŝŐŚĞƌĚƵĐĂƚŝŽŶŶĂůLJƐŝƐ͗/ĚĞŶƚŝĨLJŚŝŐŚĞƌĞĚƵĐĂƚŝŽŶŝŶƐƚŝƚƵƚŝŽŶƐŝŶƚŚĞhƉƉĞƌ DŝĚǁĞƐƚƚŽĚĞƚĞƌŵŝŶĞƚŚĞŝƌƌĞůĞǀĂŶĐĞƚŽƚŚĞZŽĐŚĞƐƚĞƌŝŶŶŽǀĂƚŝŽŶĞĐŽƐLJƐƚĞŵ͘ dŚŝƐŝŶĐůƵĚĞƐŝĚĞŶƚŝĨLJŝŶŐƉƌŽŐƌĂŵƐƚŚĂƚĂůŝŐŶǁŝƚŚƚŚĞŶĞĞĚƐŽĨƚŚĞĞĐŽƐLJƐƚĞŵ͕ ƐƵĐŚĂƐƵŶĚĞƌŐƌĂĚ͕WŚ͕ĂŶĚĞŶƚƌĞƉƌĞŶĞƵƌƐŚŝƉƉƌŽŐƌĂŵƐ͕ĂƐǁĞůůĂƐƚĞĐŚƚƌĂŶƐĨĞƌ ŽĨĨŝĐĞƐĂŶĚĂĨĨŝůŝĂƚĞĚƌĞƐĞĂƌĐŚƉĂƌŬƐ͘ ď͘/ŶǀĞƐƚŵĞŶƚĂƉŝƚĂůŶĂůLJƐŝƐ͗/ĚĞŶƚŝĨLJĂŶĚĞǀĂůƵĂƚĞƚŚĞŶĞƚǁŽƌŬŽĨŽƌŐĂŶŝnjĂƚŝŽŶƐ ƚŚĂƚŝŶǀĞƐƚŝŶƉƌŽŵŝƐŝŶŐƚĞĐŚŶŽůŽŐLJĐŽŵƉĂŶŝĞƐǁŝƚŚŝŶƚŚĞƌĞŐŝŽŶ͘dŚŝƐŝŶĐůƵĚĞƐ ĚĞƚĂŝůŝŶŐƚŚĞŝŶǀĞƐƚŵĞŶƚǀĞƌƚŝĐĂůƐ͕ƐŝnjĞŽĨĨƵŶĚƐ͕ĐŽŵƉĂŶLJƐƚĂŐĞƐŽĨĨŽĐƵƐ͕ĂŶĚ ŬĞLJĐŽŶƚĂĐƚƐ͘ Đ͘^ĞƌǀŝĐĞWƌŽǀŝĚĞƌƐ͗/ĚĞŶƚŝĨLJĂŶĚĐĂƚĞŐŽƌŝnjĞƚŚĞƐĞƌǀŝĐĞƉƌŽǀŝĚĞƌƐŝŶƚŚĞDĞĚŝĐĂů ůůĞLJƐƵƉĞƌͲƌĞŐŝŽŶƚŚĂƚĐĂŶƐƵƉƉŽƌƚƚŚĞĐŽŵƉĂŶŝĞƐŚĞƌĞŝŶƚŚĞůŽĐĂůĞĐŽƐLJƐƚĞŵ͘ dŚŝƐŝŶĐůƵĚĞƐĞdžƉĞƌƚƐŝŶĚĞƐŝŐŶ͕ŵĂŶƵĨĂĐƚƵƌŝŶŐ͕ƌĞŐƵůĂƚŽƌLJ͕ƌĞŝŵďƵƌƐĞŵĞŶƚ͕ ƐƚƌĂƚĞŐLJĚĞǀĞůŽƉŵĞŶƚ͕ĂŶĚŵƵůƚŝƉůĞŽƚŚĞƌǀĞƌƚŝĐĂůƐ͘ /ŶƚĞƌŶĂůůLJǁĞĂƌĞŝĚĞŶƚŝĨLJŝŶŐĂůůƌĞůĞǀĂŶƚŚĞĂůƚŚĐĂƌĞƚĞĐŚĐŽŵƉĂŶŝĞƐǁŝƚŚŝŶƚŚĞ Ϯ͘ ZŽĐŚĞƐƚĞƌD^͕ĚŽĐƵŵĞŶƚŝŶŐŬĞLJĂƚƚƌŝďƵƚĞƐƐƵĐŚĂƐƚĞĐŚŶŽůŽŐLJǀĞƌƚŝĐĂůƐ͕ƉĞƌƐŽŶŶĞů ĐŽƵŶƚ͕ŝŶǀĞƐƚŵĞŶƚƐĞĐƵƌĞĚ͕ĂŶĚƐƚĂŐĞŽĨŽƉĞƌĂƚŝŽŶƐ͘ ϯ͘^ĞƉĂƌĂƚĞůLJǁĞǁŝůůŝĚĞŶƚŝĨLJŬĞLJŝŶŶŽǀĂƚŽƌƐĂŶĚĐŽŶŶĞĐƚŽƌƐĂƚƚŚĞhŶŝǀĞƌƐŝƚLJŽĨDE ŝŶŶŽǀĂƚŽƌƐĂŶĚĐŽŶŶĞĐƚŽƌƐ͕ĂƐǁĞůůĂƐĞĐŽŶŽŵŝĐĚĞǀĞůŽƉŵĞŶƚŐƌŽƵƉƐĂŶĚĐůƵƐƚĞƌ ŽƌŐĂŶŝnjĂƚŝŽŶƐůŽĐĂůůLJ͕ƌĞŐŝŽŶĂůůLJ͕ŶĂƚŝŽŶĂůůLJĂŶĚŝŶƚĞƌŶĂƚŝŽŶĂůůLJ͘ ϰ͘KŶĐĞƚŚĞĂďŽǀĞ͞ĐĞŶƐƵƐ͟ǁŽƌŬŝƐĐŽŵƉůĞƚĞĚĨŽƌĞĂĐŚĞĐŽƐLJƐƚĞŵŶŽĚĞ͕ǁĞǁŝůů ƵŶĚĞƌƚĂŬĞĂŶŝŶͲĚĞƉƚŚĂŶĂůLJƐŝƐƚŚĂƚǁŝůůĞŶĂďůĞƵƐƚŽĚĞǀĞůŽƉĂĨƵůůLJŝŶĨŽƌŵĞĚ   ĞĐŽƐLJƐƚĞŵƐƚƌĂƚĞŐLJĨŽƌƚĞĐŚŶŽůŽŐLJĐŽŵŵĞƌĐŝĂůŝnjĂƚŝŽŶƐƵƉƉŽƌƚĂĐƚŝǀŝƚŝĞƐ͘dŚĞŶŽĚĞ ĐĞŶƐƵƐĂŶĚĂŶĂůLJƐŝƐĂĐƚŝǀŝƚŝĞƐĂŶĚĞdžƉĞĐƚĞĚŽƵƚĐŽŵĞƐĂƌĞĚĞƐĐƌŝďĞĚŚĞƌĞ͗ ĞůŝǀĞƌĂďůĞWĂƌƚŶĞƌKƌŐƐϮϬϮϰͬϮϬϮϱĐƚŝǀŝƚŝĞƐKƵƚĐŽŵĞƐ ƵƐŝŶĞƐƐ'ĂƉ Z^dŝŽĐŽŵƉĂŶŝĞƐ x'ĂƉĂŶĂůLJƐŝƐƐƵƌǀĞLJŽĨZ^dŝŽx hƉƚŽĚĂƚĞĐĞŶƐƵƐŽĨďƵƐŝŶĞƐƐĞƐ ܈ ŶĂůLJƐŝƐ ĐŽŵƉĂŶŝĞƐ  ^ĞƌǀŝĐĞWƌŽǀŝĚĞƌƐx hŶĚĞƌƐƚĂŶĚŝŶŐŽĨƚŚĞĞĐŽƐLJƐƚĞŵ ܆  x/ŶĚŝǀŝĚƵĂůĂŶĚŐƌŽƵƉŵĞĞƚŝŶŐƐǁŝƚŚƌĞƐŽƵƌĐĞƐƚŚĞLJŶĞĞĚ ,ŝŐŚĞƌĚ ܆ Z^dŝŽĐŽŵƉĂŶŝĞƐƚŽƵŶĚĞƌƐƚĂŶĚ ůŝŶͬZĞƐŽƌŐ ܆ ǁŚĂƚƚŚĞLJŶĞĞĚƚŽďĞƐƵĐĐĞƐƐĨƵů͘ ĐŽŶĞǀŽƌŐƐ ܆ sĞŶƚƵƌĞĂƉŝƚĂůŽƌŐƐ ܆ KƚŚĞƌ͗ŽŶƚƌĂĐƚŽƌ ܈ DƐĞƌǀŝĐĞ  Z^dŝŽĐŽŵƉĂŶŝĞƐx WĞƌĐĞƉƚŝŽŶĂŶĚĂǁĂƌĞŶĞƐƐƐƵƌǀĞLJŽĨx hƉƚŽĚĂƚĞĐĞŶƐƵƐŽĨƐĞƌǀŝĐĞ ܆ ƉƌŽǀŝĚĞƌ ƉƌŽǀŝĚĞƌƐŝŶƚĞƌĞƐƚĞĚŝŶ ^ĞƌǀŝĐĞWƌŽǀŝĚĞƌƐ DƌĞŐŝŽŶĂůƐĞƌǀŝĐĞƉƌŽǀŝĚĞƌƐ ܈ ĂǁĂƌĞŶĞƐƐ ƐƵƉƉŽƌƚŝŶŐZ^dŝŽĐŽŵƉĂŶŝĞƐ͘ ,ŝŐŚĞƌĚ  x/ŶĚŝǀŝĚƵĂůĂŶĚŐƌŽƵƉŵĞĞƚŝŶŐƐǁŝƚŚ ܆  x'ƌĞĂƚĞƌĂǁĂƌĞŶĞƐƐŽĨƚŚĞZ^d ůŝŶͬZĞƐŽƌŐ ƐĞƌǀŝĐĞƉƌŽǀŝĚĞƌƐĂŶĚŝŶǀĞƐƚŽƌŐƌŽƵƉƐ ܆ ŝŽĞĐŽƐLJƐƚĞŵ ĐŽŶĞǀŽƌŐƐ ܆ sĞŶƚƵƌĞĂƉŝƚĂůŽƌŐƐ ܆ KƚŚĞƌ͗ŽŶƚƌĂĐƚŽƌ ܈ ,ŝŐŚĞƌĚ  Z^dŝŽĐŽŵƉĂŶŝĞƐx/ĚĞŶƚŝĨLJŚŝŐŚƉƌŝŽƌŝƚLJŝŶƐƚŝƚƵƚŝŽŶƐx/ŶƐƚŝƚƵƚŝŽŶͲƐƉĞĐŝĨŝĐĞŶŐĂŐĞŵĞŶƚ ܈ ĞŶŐĂŐĞŵĞŶƚ ĂůŝŐŶĞĚǁŝƚŚZ^dŝŽǁŽƌŬĨŽƌĐĞŶĞĞĚƐ͘ƉůĂŶƐƚŚĂƚƐƵƉƉŽƌƚƐZ^dŝŽ ^ĞƌǀŝĐĞWƌŽǀŝĚĞƌƐ ܆ ƉůĂŶ ǁŽƌŬĨŽƌĐĞŶĞĞĚƐ͘  xƵŝůĚƌĞůĂƚŝŽŶƐŚŝƉƐǁŝƚŚŬĞLJƉĂƌƚŶĞƌƐĂƚ ,ŝŐŚĞƌĚ ܈  ŚŝŐŚƉƌŝŽƌŝƚLJŝŶƐƚŝƚƵƚŝŽŶƐ͘x'ƌĞĂƚĞƌĂǁĂƌĞŶĞƐƐŽĨƚŚĞZ^d ůŝŶͬZĞƐŽƌŐ ܆ ŝŽĞĐŽƐLJƐƚĞŵ ĐŽŶĞǀŽƌŐƐ ܆ sĞŶƚƵƌĞĂƉŝƚĂůŽƌŐƐ ܆ KƚŚĞƌ͗ŽŶƚƌĂĐƚŽƌ ܈ hDE  Z^dŝŽĐŽŵƉĂŶŝĞƐx^ƚĂƌƚďƵŝůĚŝŶŐƌĞůĂƚŝŽŶƐŚŝƉƐǁŝƚŚŬĞLJxŶŐĂŐĞŵĞŶƚƉůĂŶƚŚĂƚďƌŝŶŐƐ ܈ ĞŶŐĂŐĞŵĞŶƚ ŝŶŶŽǀĂƚŽƌƐĂŶĚŐƌŽƵƉƐǁŝƚŚŝŶhDEhDŝŶŶŽǀĂƚŽƌƐŚĞƌĞ͘ ^ĞƌǀŝĐĞWƌŽǀŝĚĞƌƐ ܆ ƉůĂŶ  x'ƌĞĂƚĞƌĂǁĂƌĞŶĞƐƐŽĨƚŚĞZ^d ,ŝŐŚĞƌĚ ܆ ŝŽĞĐŽƐLJƐƚĞŵʹĨŽƌƚĂůĞŶƚ ůŝŶͬZĞƐŽƌŐ ܆ ĚĞǀĞůŽƉŵĞŶƚEŝŶŶŽǀĂƚŽƌ ĐŽŶĞǀŽƌŐƐ ܆ ĂǁĂƌĞŶĞƐƐ sĞŶƚƵƌĞĂƉŝƚĂůŽƌŐƐ ܆ KƚŚĞƌ͗hDE ܈ ŽŵŵĞƌĐŝĂůͲ Z^dŝŽĐŽŵƉĂŶŝĞƐ x tŽƌŬǁŝƚŚZ^dŝŽďƵƐŝŶĞƐƐĞƐ͕DĂLJŽxƉƌŽŐƌĂŵŵŝŶŐƉůĂŶ͛ϮϱƚŚĂƚ ܈ ŝnjĂƚŝŽŶ ůŝŶŝĐƉĂƌƚŶĞƌŐƌŽƵƉƐ͕ůŽĐĂůƉĂƌƚŶĞƌƐƐƵƉƉŽƌƚƐZ^dŝŽďƵƐŝŶĞƐƐĞƐ͘ ^ĞƌǀŝĐĞWƌŽǀŝĚĞƌƐ ܈ ƐƵƉƉŽƌƚ ĂŶĚDĐŽůůĂďŽƌĂƚŽƌƐƚŽĚĞǀĞůŽƉĂ ,ŝŐŚĞƌĚ ܈ ĞǀĞŶƚƐ ƉƌŽŐƌĂŵŵŝŶŐŵŽĚĞů͘ ůŝŶͬZĞƐŽƌŐ ܈ ĐŽŶĞǀŽƌŐƐ ܈ sĞŶƚƵƌĞĂƉŝƚĂůŽƌŐƐ ܈ KƚŚĞƌ͗D/ ܈  >ŽŶŐdĞƌŵĞůŝǀĞƌĂďůĞƐʹĐŽƐLJƐƚĞŵŐŽǀĞƌŶĂŶĐĞĂŶĚƐĞůĨͲƐƵƐƚĂŝŶĂďŝůŝƚLJ  ϭ͘<ŝĐŬĞĚŽĨĨĂϮͲLJĞĂƌĞŶŐĂŐĞŵĞŶƚǁŝƚŚƚŚĞ'ůŽďĂů/ŶƐƚŝƚƵƚĞĨŽƌ/ŶŶŽǀĂƚŝŽŶŝƐƚƌŝĐƚƐ;'//Ϳ ŝŶĂĐŽŚŽƌƚǁŝƚŚŶŝŶĞŽƚŚĞƌŝŶŶŽǀĂƚŝŽŶĚŝƐƚƌŝĐƚƐĂƌŽƵŶĚƚŚĞǁŽƌůĚ͘ĐƚŝǀŝƚŝĞƐŝŶĐůƵĚĞ ŵƵůƚŝƉůĞĐŽŚŽƌƚͲďĂƐĞĚĚŝƐĐƵƐƐŝŽŶƐĂŶĚƐĞǀĞƌĂůϭ͗ϭƐĞƐƐŝŽŶƐǁŝƚŚ'//ĞdžƉĞƌƚƐ͕ ƉĂƌƚŝĐŝƉĂƚŝŽŶŝŶďĞŶĐŚŵĂƌŬŝŶŐĂĐƚŝǀŝƚŝĞƐĂŶĚĂŐůŽďĂůŝŶŶŽǀĂƚŝŽŶĚŝƐƚƌŝĐƚƐƵŵŵŝƚ͘  Ϯ͘zĞĂƌϭĨŽĐƵƐǁŝůůďĞŽŶĚĞǀĞůŽƉŝŶŐĂŐŽǀĞƌŶĂŶĐĞĂŶĚƐĞůĨͲƐƵƐƚĂŝŶĂďŝůŝƚLJŵŽĚĞůƚŚĂƚǁŝůů ĐĂƌƌLJƚŚĞŝƐĐŽǀĞƌLJ^ƋƵĂƌĞǁŽƌŬƚŚƌŽƵŐŚĂŶĚďĞLJŽŶĚƚŚĞϮϬͲLJĞĂƌDŝŶŝƚŝĂƚŝǀĞ͘  ϯ͘zĞĂƌϮĨŽĐƵƐŝƐƚŽďĞĚĞƚĞƌŵŝŶĞĚĚƵƌŝŶŐƚŚĞzĞĂƌϭǁŽƌŬĂŶĚƌĞůĂƚĞĚƚŽĨƵůůͲƐĐĂůĞůĂƵŶĐŚ ŽĨƚŚĞŶĞĂƌͲƚĞƌŵĞĐŽƐLJƐƚĞŵĚĞůŝǀĞƌĂďůĞƐĂŶĚůŽŶŐͲƚĞƌŵŐŽǀĞƌŶĂŶĐĞĚĞůŝǀĞƌĂďůĞƐ͘   ƋƵŝƚĂďůĞĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚ dŽ͗DŽĂƌĚŽĨŝƌĞĐƚŽƌƐ &ƌŽŵ͗D ĂƚĞ͗^ĞƉƚĞŵďĞƌϮϬ͕ϮϬϮϰ ZĞƋƵĞƐƚŽĨƚŚĞďŽĂƌĚŽĨĚŝƌĞĐƚŽƌƐ͗  EŽĂĐƚŝŽŶƌĞƋƵĞƐƚĞĚ͘ tŽƌŬƉůĂŶhƉĚĂƚĞ͗ ϭ͘ŽŵŵƵŶŝƚLJŽͲĞƐŝŐŶhƉĚĂƚĞƐ͗ Ă͘ DŚŽƐƚĞĚĂŐƌĂĚƵĂƚŝŽŶĐĞůĞďƌĂƚŝŽŶĨŽƌƚŚĞƚŚŝƌĚĐŽŚŽƌƚŽĨŽŵŵƵŶŝƚLJŽͲĚĞƐŝŐŶ&ĂĐŝůŝƚĂƚŽƌƐ ŽŶDĂLJϭϱ͕ϮϬϮϰ͘dŚĞŐƌĂĚƵĂƚĞƐĂƌĞĨƌŽŵƚŚĞĨŽůůŽǁŝŶŐŽƌŐĂŶŝnjĂƚŝŽŶƐ͗hŶŝƚĞĚtĂLJŽĨKůŵƐƚĞĚ ŽƵŶƚLJ͕KůŵƐƚĞĚŽƵŶƚLJ͕ƌĂĚůĞϮĂƌĞĞƌ͕ZŽĐŚĞƐƚĞƌWƵďůŝĐ^ĐŚŽŽůƐ͕/D͕DĂLJŽůŝŶŝĐ͕ĂŶĚEW͘ Ͳ ƵƌƌĞŶƚůLJǁĞŚĂǀĞϮϮŽŵŵƵŶŝƚLJŽĚĞƐŝŐŶ&ĂĐŝůŝƚĂƚŽƌƐǁŚŽŚĂǀĞĐŽŵƉůĞƚĞĚƚŚĞƚƌĂŝŶŝŶŐ͘ ď͘ tĞǁŝůůŽĨĨĞƌƚŚĞŽŵŵƵŶŝƚLJŽͲĚĞƐŝŐŶ>ĞĂĚĞƌƐŚŝƉdƌĂŝŶŝŶŐŝŶKĐƚŽďĞƌϮϬϮϰ͘dŚĞƚƌĂŝŶŝŶŐǁŝůůĐŽŶƐŝƐƚ ŽĨƚǁŽƐĞƐƐŝŽŶƐŽĨŽǀĞƌĨŝǀĞŚŽƵƌƐƚŽƚĂůƚŽƉƌŽǀŝĚĞůĞĂĚĞƌƐŝŶŽƵƌĐŽŵŵƵŶŝƚLJǁŝƚŚŝŶƚƌŽĚƵĐƚŽƌLJ ŝŶĨŽƌŵĂƚŝŽŶĂďŽƵƚŽŵŵƵŶŝƚLJŽͲĚĞƐŝŐŶ͘dŚĞƚŽƚĂůŶƵŵďĞƌŽĨĐŽŵŵƵŶŝƚLJůĞĂĚĞƌƐǁŚŽƌĞĐĞŝǀĞĚƚŚĞ ƚƌĂŝŶŝŶŐƐŽĨĂƌŝƐϲϴ͘ Đ͘ tĞŚŽƐƚĞĚƚŚĞ>ĞĂŐƵĞŽĨDŝŶŶĞƐŽƚĂŝƚŝĞƐŽŵŵƵŶŝƚLJŽͲĚĞƐŝŐŶƚŽƵƌĂƐƉĂƌƚŽĨƚŚĞ>ĞĂŐƵĞŽĨ ƚŚƚŚ DŝŶŶĞƐŽƚĂŝƚŝĞƐ͛ĂŶŶƵĂůĐŽŶĨĞƌĞŶĐĞŝŶZŽĐŚĞƐƚĞƌĨƌŽŵ:ƵŶĞϮϲƚŽƚŚĞϮϴ͘DŽƌĞƚŚĂŶϰϬƌĞŐŝƐƚĞƌĞĚ ĐŽŶĨĞƌĞŶĐĞĂƚƚĞŶĚĞĞƐũŽŝŶĞĚƚŚĞƚŽƵƌƚŽůĞĂƌŶŵŽƌĞĂďŽƵƚŽŵŵƵŶŝƚLJŽͲĚĞƐŝŐŶĂƉƉůŝĐĂƚŝŽŶƐŝŶƚŚĞ ŝƐĐŽǀĞƌLJtĂůŬ>ŝŶĞĂƌWĂƌŬƉƌŽũĞĐƚĂŶĚƚŚĞDĂŝŶ^ƚƌĞĞƚ'ƌĂŶƚƉƌŽŐƌĂŵ͘ 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ƌĞƋƵŝƌĞĂůŝŐŶŵĞŶƚŽĨŵŝůůŝŽŶƐŝŶŶĞǁĐĂƉŝƚĂůĂŶĚĂƐƐĞƚƐĨƌŽŵŽƚŚĞƌƉƵďůŝĐĂŶĚƉƌŝǀĂƚĞƐŽƵƌĐĞƐ;Ğ͘Ő͘ĨŽƵŶĚĂƚŝŽŶƐ͕ ĐŽŵƉĂŶŝĞƐ͕ĂŶĚŐŽǀĞƌŶŵĞŶƚĂŐĞŶĐŝĞƐͿĂŶĚĂůŝŐŶŵĞŶƚŽĨŬĞLJƉĞƌƐŽŶŶĞů;Ğ͘Ő͘ĞdžĞĐƵƚŝǀĞƐͲŝŶͲƌĞƐŝĚĞŶĐĞͿĂŶĚƉŚLJƐŝĐĂů ŝŶĨƌĂƐƚƌƵĐƚƵƌĞ;Ğ͘Ő͘ŽĨĨŝĐĞĂŶĚůĂďƐƉĂĐĞͿĂĐƌŽƐƐƚŚĞĐŽĂůŝƚŝŽŶ͘ EĞdžƚDŝůĞƐƚŽŶĞ͗ dŚĞƌĞǁŝůůďĞĂĨĞĚĞƌĂůŝŶŶŽǀĂƚŝŽŶƐƵŵŵŝƚŝŶĞĂƌůLJĞĐĞŵďĞƌďLJǁŚŝĐŚǁĞ͛ĚůŝŬĞƚŽŚĂǀĞĂ x ŵŽŵĞŶƚƵŵƐƚŽƌLJƚŽƐŚĂƌĞǁŝƚŚĨĞĚĞƌĂůĂŐĞŶĐŝĞƐĂŶĚŶĂƚŝŽŶĂůĨŽƵŶĚĂƚŝŽŶůĞĂĚĞƌƐ͘LJƚŚĞŶ͕ŝƚǁŝůůĂůƐŽďĞŚĞůƉĨƵůƚŽ ŚĂǀĞĂĐůĞĂƌĂŶĚĐŽŵƉĞůůŝŶŐŶĂƌƌĂƚŝǀĞŚĞĂĚĞĚŝŶƚŽůĞŐŝƐůĂƚŝǀĞƐĞƐƐŝŽŶ͘   DŽďŝůŝƚLJ dŽ͗DŽĂƌĚŽĨŝƌĞĐƚŽƌƐ &ƌŽŵ͗D ĂƚĞ͗^ĞƉƚĞŵďĞƌϮϬ͕ϮϬϮϰ ZĞƋƵĞƐƚŽĨƚŚĞďŽĂƌĚŽĨĚŝƌĞĐƚŽƌƐ͗ EŽĂĐƚŝŽŶƌĞƋƵĞƐƚĞĚ͘ ĂĐŬŐƌŽƵŶĚ͗ ŵƵůƚŝͲŵŽĚĂůŵŽďŝůŝƚLJƐƚƌĂƚĞŐLJĨŽƌƚŚĞDŚĂƐďĞĞŶĚĞǀĞůŽƉĞĚƚŚĂƚŝŶĐůƵĚĞƐƚŚĞŝŵƉůĞŵĞŶƚĂƚŝŽŶŽĨĂZĂƉŝĚ dƌĂŶƐŝƚŝƌĐƵůĂƚŽƌ͕ǁŚŝĐŚŝƐƚŚĞĐƵƌƌĞŶƚĨŽĐƵƐŽĨD͛ƐŵŽďŝůŝƚLJŝŶĨƌĂƐƚƌƵĐƚƵƌĞŝŶǀĞƐƚŵĞŶƚƐ͘ ƵƐWƌŽĐƵƌĞŵĞŶƚ ͲŝƚLJ͕DĂŶĚDĂLJŽůŝŶŝĐƐƚĂĨĨĂƌĞĐƵƌƌĞŶƚůLJǁŽƌŬŝŶŐǁŝƚŚEĞǁ&ůLJĞƌŽĨŵĞƌŝĐĂŽŶǀĞŚŝĐůĞĚĞƐŝŐŶ͘ ZŝŐŚƚŽĨtĂLJ;ZKtͿͬ>ĂŶĚĐƋƵŝƐŝƚŝŽŶ ͲEĞŐŽƚŝĂƚŝŽŶƐhŶĚĞƌǁĂLJ ŽŶƐƚƌƵĐƚŝŽŶDĂŶĂŐĞŵĞŶƚ^ĞƌǀŝĐĞƐŽŶƚƌĂĐƚ 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Ͳ>ŝŐŚƚŝŶŐŝŵƉƌŽǀĞŵĞŶƚƐƚŽĂůůĞLJ Ͳ/ŶĐƵƌƌĞŶƚĐŽŶǀĞƌƐĂƚŝŽŶƐǁŝƚŚĂůŝŐŚƚĞŶŐŝŶĞĞƌĂďŽƵƚĂǁŝŶƚĞƌůŝŐŚƚŝŶƐƚĂůůĂƚŝŽŶĂůŽŶŐƚŚĞƌŝǀĞƌĂŶĚƐŝƚĞ Ͳ'ƌĂƉŚŝĐƐƚŽďĞƉůĂĐĞĚŽŶƐŝƚĞƚŽĚƌĂǁŝŶƚĞƌĞƐƚĨƌŽŵdŚŝƌĚƐƚƌĞĞƚĂŶĚĂůůĞLJǁĂLJ &ƵůĨŝůůŝŶŐƚŚĞDsŝƐŝŽŶ͕DŝƐƐŝŽŶ͕ĂŶĚͬŽƌ'ŽĂůƐ͗  DƐƚĂĨĨǁŽƌŬĞĚŝŶĐŽůůĂďŽƌĂƚŝŽŶǁŝƚŚŝƚLJƐƚĂĨĨƚŽƐĞůĞĐƚƚŚĞĐŽŶƐƵůƚĂŶƚƚĞĂŵ͕ĂŶĚDƐƚĂĨĨǁŝůůĐŽŶƚŝŶƵĞ ƚŽƉĂƌƚŝĐŝƉĂƚĞƚŚƌŽƵŐŚƚŚĞƉůĂŶŶŝŶŐĂŶĚĚĞǀĞůŽƉŵĞŶƚƉƌŽĐĞƐƐ͘DŝƐƉĂƌƚŝĐƵůĂƌůLJĨŽĐƵƐĞĚŽŶƚŚĞƉƵďůŝĐƌĞĂůŵ ĞdžƉĞƌŝĞŶĐĞĂŶĚůŝŶŬĂŐĞƐďĞƚǁĞĞŶƚŚŝƐƐŝƚĞĂŶĚƚŚĞƌĞƐƚŽĨƚŚĞĚŝƐƚƌŝĐƚ͘   WƵďůŝĐZĞĂůŵ͗,ĞĂƌƚŽĨƚŚĞŝƚLJ dŽ͗ "aϙ WƵďůŝĐZĞĂůŵ͗^ŽůĚŝĞƌƐDĞŵŽƌŝĂů&ŝĞůĚ dŽ͗DŽĂƌĚŽĨŝƌĞĐƚŽƌƐ &ƌŽŵ͗D ĂƚĞ͗^ĞƉƚĞŵďĞƌϮϬ͕ϮϬϮϰ ZĞƋƵĞƐƚŽĨƚŚĞďŽĂƌĚŽĨĚŝƌĞĐƚŽƌƐ͗ EŽĂĐƚŝŽŶƌĞƋƵĞƐƚĞĚ͘ ĂĐŬŐƌŽƵŶĚ͗ ^ŽůĚŝĞƌƐ&ŝĞůĚDĞŵŽƌŝĂůWĂƌŬŝƐϭϱϬĂĐƌĞƐŝŶƐŝnjĞǁŝƚŚϰ͕ϬϬϬĨĞĞƚŽĨƌŝǀĞƌĨƌŽŶƚ͘/ƚŝƐĐƵƌƌĞŶƚůLJĐŽŵƉƌŝƐĞĚŽĨŵĞŵŽƌŝĂůƐ͕ ĂĐƚŝǀĞƌĞĐƌĞĂƚŝŽŶƐƉĂĐĞ͕ĂŶϭϴͲŚŽůĞŐŽůĨĐŽƵƌƐĞ͕ĂƋƵĂƚŝĐĂŵĞŶŝƚŝĞƐ͕ĂƚƌĂĐŬĂŶĚĨŝĞůĚĨĂĐŝůŝƚLJ;ǁŝƚŚǁŝŶƚĞƌƐŬĂƚŝŶŐͿ͕ƚĞŶŶŝƐ ĐŽƵƌƚƐ͕ĂďĂƐĞďĂůůĨŝĞůĚ͕ƉůĂLJŐƌŽƵŶĚƐ͕ŚŽĐŬĞLJƌŝŶŬƐŝŶǁŝŶƚĞƌ͕ĂŶĚƚƌĂŝůƐ͘ WƌŽũĞĐƚŝŵƉƌŽǀĞŵĞŶƚƐŝŶĐůƵĚĞĂŶĞǁĂƋƵĂƚŝĐƐĂƌĞĂǁŝƚŚĂůĂnjLJƌŝǀĞƌ͕ϯǁĂƚĞƌƐůŝĚĞƐ͕ϱϬͲŵĞƚĞƌůĂƉƉŽŽů͕ĂƌĞŶŽǀĂƚĞĚ ďĂƚŚŚŽƵƐĞ͕ĂƐŚĂůůŽǁƉŽŽů͕ĂŶĚĂƐƉůĂƐŚƉĂĚ͘ĚĚŝƚŝŽŶĂůŝŵƉƌŽǀĞŵĞŶƚƐĂůƐŽŝŶĐůƵĚĞĂŶŝŶĐůƵƐŝǀĞƉůĂLJŐƌŽƵŶĚĂŶĚƐŚĞůƚĞƌ ĂƚZŽLJ^ƵƚŚĞƌůĂŶĚWĂƌŬ;ĞĂƐƚƐŝĚĞͿ͕ŶĞǁďĂƐŬĞƚďĂůůĐŽƵƌƚƐ͕ĂŶĚĂ^tƚƌĂŝůĐŽŶŶĞĐƚŝŽŶ͘ WƌŽũĞĐƚhƉĚĂƚĞ͗ ůůĐŽŶƐƚƌƵĐƚŝŽŶĂĐƚŝǀŝƚŝĞƐƌĞůĂƚĞĚƚŽƚŚŝƐƉƌŽũĞĐƚŚĂǀĞŶŽǁďĞĞŶĐŽŵƉůĞƚĞĚ͘dŚĞƉƌŽũĞĐƚƚĞĂŵĂŶĚĐŽŶƐƚƌƵĐƚŝŽŶƉĂƌƚŶĞƌƐ ĐŽŵƉůĞƚĞĚƚŚĞƉƌŽũĞĐƚŽŶƚŝŵĞǁŚŝůĞƵƐŝŶŐĂƵƐŝŶĞƐƐ&ŽƌǁĂƌĚƐƚƌĂƚĞŐLJƚŽŵŝƚŝŐĂƚĞƚŚĞŝŵƉĂĐƚŽĨĐŽŶƐƚƌƵĐƚŝŽŶŽŶ ďƵƐŝŶĞƐƐĞƐĂŶĚƐƚĂŬĞŚŽůĚĞƌƐ͘ dŚĞƉĂƌŬŽƉĞŶĞĚƚŚŝƐƐƵŵŵĞƌƚŽƚŚĞƉƵďůŝĐ͘dŚĞŶĞǁĂƋƵĂƚŝĐĐĞŶƚĞƌƐĂǁĂƉƉƌŽdžŝŵĂƚĞůLJϲϯ͕ϳϬϬǀŝƐŝƚƐƚŚŝƐƐƵŵŵĞƌ ďĞƚǁĞĞŶ:ƵŶĞϭϬĂŶĚƵŐƵƐƚϮϱ͘ tŽƌŬƉůĂŶŽƌĐĂƉŝƚĂůŝŵƉƌŽǀĞŵĞŶƚďƵĚŐĞƚŝŵƉůŝĐĂƚŝŽŶƐ͗ /ŶĐůƵĚĞĚŝŶƚŚĞϮϬϮϯĂƉŝƚĂů/ŵƉƌŽǀĞŵĞŶƚƵĚŐĞƚ͗ΨϭϬŵŝůůŝŽŶ͘ dŚĞƉƌŽũĞĐƚΖƐĨƵŶĚŝŶŐƚŽƚĂůƐΨϮϮŵŝůůŝŽŶĂŶĚĐŽŵĞƐĨƌŽŵĨĞĚĞƌĂůŐƌĂŶƚƐ;ΨϱŵŝůůŝŽŶͿ͕ƐƚĂƚĞŐƌĂŶƚƐ;ΨϮϱϬŬͿ͕ĞƐƚŝŶĂƚŝŽŶ DĞĚŝĐĂůĞŶƚĞƌ;ΨϭϬŵŝůůŝŽŶͿĂŶĚƚŚĞůŽĐĂůƉĂƌŬƌĞĨĞƌĞŶĚƵŵ;ΨϳŵŝůůŝŽŶͿ͘ ƉƉƌŽǀĂůƐ͕ŵŝůĞƐƚŽŶĞƐ͕ĂŶĚĚĞĐŝƐŝŽŶƉŽŝŶƚƐ͗ ϮϬϭϰϮϬϮϮϮϬϮϯϮϬϮϰ ŝƚLJŽƵŶĐŝůWĂƌŬŽĂƌĚĂƉƉƌŽǀĂůŽŶƐƚƌƵĐƚŝŽŶďĞŐŝŶƐŽŵƉůĞƚŝŽŶ ĂƉƉƌǀĞĚƉĂƐƚŽĨƐŚŽƌƚͲƚĞƌŵ ^ŽůĚŝĞƌƐ&ŝĞůĚ^ŽůĚŝĞƌƐ&ŝĞůĚ DĂƐƚĞƌWůĂŶDĂƐƚĞƌWůĂŶ   ϲƚŚ^ƚƌĞĞƚƌŝĚŐĞ͕ZŽĂĚǁĂLJ^ĂĨĞƚLJΘ ZŝǀĞƌĨƌŽŶƚ/ŵƉƌŽǀĞŵĞŶƚƐ dŽ͗ "aϙ WƌŝǀĂƚĞĞǀĞůŽƉŵĞŶƚ dŽ͗DŽĂƌĚŽĨŝƌĞĐƚŽƌƐ &ƌŽŵ͗D ĂƚĞ͗^ĞƉƚĞŵďĞƌϮϬ͕ϮϬϮϰ ZĞƋƵĞƐƚŽĨƚŚĞďŽĂƌĚŽĨĚŝƌĞĐƚŽƌƐ͗ EŽĂĐƚŝŽŶƌĞƋƵĞƐƚĞĚ͘ ĂĐŬŐƌŽƵŶĚ͗ tŚŝůĞĂůůƉƌŝǀĂƚĞĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚƐƐƵďŵŝƚƚĞĚƚŽDŵƵƐƚŵĞĞƚƚŚĞ͞ďƵƚĨŽƌ͟ƚĞƐƚ͕DƐƚĂĨĨĞǀĂůƵĂƚĞƐ ĞĂĐŚƐƵďŵŝƚƚĞĚƉƌŽũĞĐƚĂŐĂŝŶƐƚƚŚĞƉƌŝŽƌŝƚŝĞƐƐĞƚďLJƚŚĞŽĂƌĚďĞĨŽƌĞĚĞǀĞůŽƉŝŶŐĂƌĞĐŽŵŵĞŶĚĂƚŝŽŶĨŽƌƚŚĞŽĂƌĚ͘ ĞůŽǁŝƐĂƐƵŵŵĂƌLJŽĨŽĂƌĚƉƌŝŽƌŝƚŝĞƐĂƐƐƚĂĨĨƵŶĚĞƌƐƚĂŶĚƚŚĞŵ͗ 'ĞŽŐƌĂƉŚŝĐƉƌŝŽƌŝƚŝĞƐ͗,ĞĂƌƚŽĨƚŚĞŝƚLJ͕ŝƐĐŽǀĞƌLJ^ƋƵĂƌĞ͕dKĐŽƌƌŝĚŽƌ x WƌŽĚƵĐƚdLJƉĞ͗WƌĞĨĞƌĞŶĐŝŶŐŵĞĚͲƚĞĐŚĂŶĚǁŽƌŬĨŽƌĐĞŚŽƵƐŝŶŐĚĞǀĞůŽƉŵĞŶƚ x WƌŝŽƌŝƚŝnjĞƉƌŽũĞĐƚƐŵŽƐƚůŝŬĞůLJƚŽĂĐŚŝĞǀĞDŐŽĂůƐ͗ƉƌŝǀĂƚĞŝŶǀĞƐƚŵĞŶƚ͕ũŽďĐƌĞĂƚŝŽŶ͕ƚĂdžďĂƐĞŐƌŽǁƚŚ x sĂůŝĚĂƚĞŵĂƌŬĞƚĚĞŵĂŶĚ͖ƐƵƉƉŽƌƚĨŝƌƐƚͲŝŶͲŵĂƌŬĞƚŽƉƉŽƌƚƵŶŝƚŝĞƐ x DĞĞƚŽƌĞdžĐĞĞĚ^ƵƐƚĂŝŶĂďŝůŝƚLJƚĂƌŐĞƚƐ x ŽŶƚƌŝďƵƚŝŽŶƚŽŝƚLJŽĨ,ĞĂůƚŚĞdžƉĞƌŝĞŶĐĞŐŽĂůƐ x >ĞǀĞƌĂŐŝŶŐĞdžŝƐƚŝŶŐŝŶĨƌĂƐƚƌƵĐƚƵƌĞŝŶǀĞƐƚŵĞŶƚƐƚŽĐĂƚĂůLJnjĞŵŽƌĞŽƉƉŽƌƚƵŶŝƚLJ x ƌĞĂƐŽĨĨŽĐƵƐĂĚŽƉƚĞĚĂƐƉĂƌƚŽĨƚŚĞWŚĂƐĞϮĚĞǀĞůŽƉŵĞŶƚƵƉĚĂƚĞ;EŽǀ͘ϮϬϮϬĂĚŽƉƚŝŽŶͿ͗  ‡ ĐŽŶŽŵŝĐĚŝǀĞƌƐŝĨŝĐĂƚŝŽŶ ‡ ,ŽƵƐŝŶŐĂĨĨŽƌĚĂďŝůŝƚLJ ‡ DĂŝŶƐƚƌĞĞƚŝŶŶŽǀĂƚŝŽŶ ‡ >ŽĐĂůĞŶƚƌĞƉƌĞŶĞƵƌƐ ‡ >ŽĐĂůŵŝŶŽƌŝƚLJĂŶĚǁŽŵĞŶͲŽǁŶĞĚďƵƐŝŶĞƐƐĐĂƉĂĐŝƚLJ ĞůŽǁŝƐĂƐƵŵŵĂƌLJŽĨƚŚĞĂĐƚŝǀĞĐŽŶǀĞƌƐĂƚŝŽŶƐƵŶĚĞƌǁĂLJǁŝƚŚƉƌŝǀĂƚĞĚĞǀĞůŽƉĞƌƐǁŝƚŚŝŶƚŚĞDŝƐƚƌŝĐƚ͘ /ŶĐůƵƐŝŽŶŽŶƚŚŝƐůŝƐƚĚŽĞƐŶŽƚŵĞĂŶƚŚĂƚƚŚĞƐĞƉƌŽũĞĐƚƐǁŝůůƵůƚŝŵĂƚĞůLJĂƉƉůLJĨŽƌDĨƵŶĚŝŶŐ͕ďƵƚƌĂƚŚĞƌŝƐŝŶĐůƵĚĞĚ ƚŽŐŝǀĞLJŽƵĂŶŽǀĞƌǀŝĞǁŽĨǁŚĂƚŬŝŶĚƐŽĨƉƌŽũĞĐƚƐĂƌĞĐƵƌƌĞŶƚůLJďĞŝŶŐĐŽŶƚĞŵƉůĂƚĞĚǁŝƚŚŝŶƚŚĞĚŝƐƚƌŝĐƚƚŚĂƚŵĂLJ ĐŽŵĞĨŽƌǁĂƌĚŝŶƚŚĞĨƵƚƵƌĞĨŽƌĂĨƵŶĚŝŶŐƌĞƋƵĞƐƚ͘ ,Kh^/E' ĐƚŝŽŶǁĂƐƚĂŬĞŶďLJƚŚĞDŽĂƌĚĂƚƚŚĞϮYϮϬϮϰŵĞĞƚŝŶŐ͕ĂŶĚ ƐƵďƐĞƋƵĞŶƚůLJďLJŝƚLJŽƵŶĐŝůƚŽĂƵƚŚŽƌŝnjĞƉƵďůŝĐƐƵƉƉŽƌƚĨŽƌƚŚŝƐ ƉƌŽũĞĐƚ͘DƐƵƉƉŽƌƚŝƐĨŽƌΨϯDŝŶ'^/ŝŶĨƌĂƐƚƌƵĐƚƵƌĞƐƵƉƉŽƌƚƚŽ ĞŶĂďůĞƚŚĞƉƌŽũĞĐƚƚŽďĞƚŚĞĨŝƌƐƚƉƌŝǀĂƚĞĐƵƐƚŽŵĞƌŽĨƚŚĞĚŽǁŶƚŽǁŶ ĚŝƐƚƌŝĐƚĞŶĞƌŐLJƐLJƐƚĞŵ͕ĂƐǁĞůůŵĂŬĞĂŶĞŶŚĂŶĐĞĚƉƵďůŝĐƌĞĂůŵ ĞdžƉĞƌŝĞŶĐĞƐƵƌƌŽƵŶĚŝŶŐƚŚĞƉƌŽũĞĐƚ͕ŝŶĐůƵĚŝŶŐƚŚĞZŝǀĞƌĨƌŽŶƚ͘ ŝǀŝĐĞŶƚĞƌEŽƌƚŚ>Žƚ dŚĞƉƌŽũĞĐƚǁŝůůŝŶĐůƵĚĞϮϰϯŵĂƌŬĞƚƌĂƚĞƵŶŝƚƐĂŶĚϳϲĂĨĨŽƌĚĂďůĞ ŚŽƵƐŝŶŐƵŶŝƚƐĂǀĂŝůĂďůĞƚŽƚŚŽƐĞŵĂŬŝŶŐĂƚŽƌďĞůŽǁϲϬйD/͘   WƌŽƉŽƐŝŶŐĂŵŝĚͲƚŽͲůĂƌŐĞĂƉĂƌƚŵĞŶƚďƵŝůĚŝŶŐ;ΕϭϮϱƵŶŝƚƐͿǁŝƚŚĂƐŵĂůů ĂŵŽƵŶƚŽĨŐƌŽƵŶĚĨůŽŽƌĐŽŵŵĞƌĐŝĂůƐƉĂĐĞŽŶϮ ŶĚ^ƚƌĞĞƚŶĞĂƌϲ ƚŚ͘ ƐŵĂůůĞƌ;ϰͲƵŶŝƚͿďƵŝůĚŝŶŐƉůĂŶŶĞĚĂƐĂĨĨŽƌĚĂďůĞĨŽƌͲƐĂůĞƵŶŝƚƐŝŶ ƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚ&ŝƌƐƚ,ŽŵĞƐ͕ĂŶĚĂŵŝĚͲďůŽĐŬƉĞĚĞƐƚƌŝĂŶƉĂƚŚĂƌĞĂůƐŽ ƉĂƌƚŽĨƚŚĞƉƌŽũĞĐƚĂŶĚŝƚŝƐĂŶƚŝĐŝƉĂƚĞĚƚŚĂƚƚŚĞƌĞǁŽƵůĚďĞĂD ƌĞƋƵĞƐƚƚŽƐƵƉƉŽƌƚƚŚĞůĂŶĚĂŶĚĐŽŶƐƚƌƵĐƚŝŽŶŽĨƚŚŝƐƉƵďůŝĐƌĞĂůŵ ĐŽŶŶĞĐƚŝŽŶ͕ǁŚŝĐŚǁŽƵůĚďĞĚĞĞĚĞĚƚŽƚŚĞŝƚLJǁŚŝůĞƚŚĞĚĞǀĞůŽƉĞƌ 'ĞƌƌĂƌĚϮ ŶĚ^ƚƌĞĞƚ ǁŽƵůĚŽǀĞƌƐĞĞŽŶŐŽŝŶŐŵĂŝŶƚĞŶĂŶĐĞĨŽƌĂƚĞƌŵŽĨĂƚůĞĂƐƚϮϬLJĞĂƌƐ͘ dŚĞĚĞǀĞůŽƉĞƌŝƐůŽŽŬŝŶŐƚŽƉƌŽĐĞĞĚǁŝƚŚƚŚŝƐƉƌŽũĞĐƚĂŶĚďƌŽƵŐŚƚƚŚĞ ƉƌŽũĞĐƚďĂĐŬƚŽƚŚĞŝƚLJĨŽƌĂŶƵƉĚĂƚĞĚWƌĞͲĚĞǀĞůŽƉŵĞŶƚŵĞĞƚŝŶŐ͘ KŶĐĞƚŚĞŝƚLJŚĂƐƐŽůŝĚŝĨŝĞĚŽŶƚŚĞŝƌŝŶƚĞƌĞƐƚŝŶƚŚĞŵŝĚͲďůŽĐŬƉĂƌŬ͕ĂŶĚ &ŝƌƐƚ,ŽŵĞƐŝƐĐůĞĂƌƚŚĂƚƚŚŝƐƉƌŽƉĞƌƚLJŝƐǁŚĂƚǁŝůůǁŽƌŬĨŽƌƚŚĞŝƌ ĐƵƐƚŽŵĞƌƐ͕ĂDĨƵŶĚŝŶŐƌĞƋƵĞƐƚŝƐĞdžƉĞĐƚĞĚ͘ dŚĞǁĞƐƚĞƌŶƚĞƌŵŝŶƵƐŽĨƚŚĞ>/E<ZĂƉŝĚdƌĂŶƐŝƚůŝŶĞŝƐĞŶǀŝƐŝŽŶĞĚĂƐĂ ƚƌĂŶƐŝƚǀŝůůĂŐĞƚŚĂƚǁŝůůĂĐĐŽŵŵŽĚĂƚĞƐĞǀĞƌĂůŚƵŶĚƌĞĚƵŶŝƚƐŽĨŚŽƵƐŝŶŐ ĂŶĚĂŵĞŶŝƚLJƌĞƚĂŝůŝŶĂĚĚŝƚŝŽŶƚŽƚŚĞƚƌĂŶƐŝƚĂŶĚƉĂƌŬŝŶŐŝŶĨƌĂƐƚƌƵĐƚƵƌĞ ŶĞĞĚĞĚŽŶƚŚĞƐŝƚĞ͘DĂLJŽůŝŶŝĐŝƐŝŶĂĐƚŝǀĞŶĞŐŽƚŝĂƚŝŽŶƐǁŝƚŚ<ƌĂƵƐ 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ĐŽŶƚŝŶƵĞĚĂĐƚŝǀĞĐŽŶǀĞƌƐĂƚŝŽŶƐǁŝƚŚŝƚLJĂŶĚDƐƚĂĨĨ͘dŚĞƉƌŽũĞĐƚ ƌĞĐĞŶƚůLJĐĂŵĞďĞĨŽƌĞŝƚLJŽƵŶĐŝůƚŽŝŶĚŝĐĂƚĞƚŚĞŝƌŝŶƚĞƌĞƐƚŝŶ ĂĚǀĂŶĐŝŶŐĐŽŶǀĞƌƐĂƚŝŽŶĂƌŽƵŶĚĂĚĞǀĞůŽƉŵĞŶƚĂŐƌĞĞŵĞŶƚ͘dŚŝƐ ƉƌŽũĞĐƚǁŽƵůĚĂůƐŽƉŽƚĞŶƚŝĂůůLJďĞĂĚŝƐƚƌŝĐƚĞŶĞƌŐLJĐƵƐƚŽŵĞƌ͘   dŚŝƐŝƐĂŶĂƉƉƌŽdžŝŵĂƚĞůLJϰϬϬͲƵŶŝƚŵĂƌŬĞƚƌĂƚĞĂƉĂƌƚŵĞŶƚďƵŝůĚŝŶŐŽŶ ƚŚĞƐŽƵƚŚƐŝĚĞŽĨϮ ŶĚǀĞŶƵĞĂŶĚϲ ƚŚ^ƚƌĞĞƚ͘dŚĞLJŚĂǀĞƌĞĐĞŝǀĞĚDĂŝŶ ^ƚƌĞĞƚŐƌĂŶƚĨƵŶĚŝŶŐĨŽƌƚŚĞĞŶŚĂŶĐĞĚƉƵďůŝĐƌĞĂůŵƐƉĂĐĞŽŶƚŚĞ ĐŽƌŶĞƌ͘ dŚĞƌĞŝƐĂŶĂĐƚŝǀĞd/&ĂƉƉůŝĐĂƚŝŽŶŝŶĨƌŽŶƚŽĨƚŚĞŝƚLJƚŚĂƚŝƐĞdžƉĞĐƚĞĚƚŽ ŝƚLJtĂůŬƉĂƌƚŵĞŶƚƐ ďĞďƌŽƵŐŚƚĨŽƌƚŚŝŶĞĂƌůLJKĐƚŽďĞƌĨŽƌƌĞƋƵĞƐƚĞĚĂĐƚŝŽŶ͘dŚĞd/&ǁŽƵůĚ ďĞƵŶĚĞƌƌĞĚĞǀĞůŽƉŵĞŶƚd/&ĂƵƚŚŽƌŝƚLJĂŶĚǁŽƵůĚŝŶĐůƵĚĞĂůŽŶŐͲƚĞƌŵ ĂŐƌĞĞŵĞŶƚƚŽŵĂŝŶƚĂŝŶĂŶĚƉƌĞƐĞƌǀĞƚŚĞEK,ƵŶŝƚƐŶĞdžƚĚŽŽƌƚŽƚŚŝƐ ŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶ͘ ĚĞǀĞůŽƉŵĞŶƚƚĞĂŵŚĂƐĐŽŵĞĨŽƌǁĂƌĚǁŝƚŚĂƉƌŽƉŽƐĞĚϮͲƉŚĂƐĞ͕ϮϱϬ ƵŶŝƚĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐƉƌŽũĞĐƚŽŶŝǀŝĐĞŶƚĞƌƌŝǀĞƐƉĂŶŶŝŶŐϰ ƚŚ ǀĞŶƵĞƚŽϲǀĞŶƵĞ͘ ƚŚ ŝǀŝĐĞŶƚĞƌƌŝǀĞ^ŝƚĞ ZĞĚĞǀĞůŽƉŵĞŶƚŽĨƚŚĞĚŽǁŶƚŽǁŶzDƐŝƚĞŝŶƚŽĂƉƉƌŽdžŝŵĂƚĞůLJϮϭϱ ƵŶŝƚƐŽĨŵƵůƚŝĨĂŵŝůLJŚŽƵƐŝŶŐŝŶĐůƵĚŝŶŐƐŽŵĞŐƌŽƵŶĚĨůŽŽƌůŝǀĞͲǁŽƌŬ ƐƉĂĐĞƐ͘ ŽŶƐƚƌƵĐƚŝŽŶŝƐĐƵƌƌĞŶƚůLJƵŶĚĞƌǁĂLJŽŶƚŚŝƐƉƌŽũĞĐƚ͕ǁŝƚŚƚŽƉƉŝŶŐŽƵƚ ĂůƌĞĂĚLJĐŽŵƉůĞƚĞĚ͘ zDĞǀĞůŽƉŵĞŶƚ ,K^W/d>/dz dŚĞƉƌŽũĞĐƚǁĂƐĂǁĂƌĚĞĚΨϮϬϬ͕ϬϬϬŝŶDĂŝŶ^ƚƌĞĞƚ'ƌĂŶƚĨƵŶĚƐĂŶĚ ƚŚĞŶƌĞĐĞŝǀĞĚĂĚĚŝƚŝŽŶĂůDĂŝŶ^ƚƌĞĞƚŐƌĂŶƚĨƵŶĚƐ͘,ŽǁĞǀĞƌŝƚŝƐůŝŬĞůLJ ƚŚŝƐƉƌŽũĞĐƚƐŝƚĞǁŝůůďĞƉƵƚƵƉĨŽƌƐĂůĞ͘ KůŵƐƚĞĚĂŶŬƵŝůĚŝŶŐ dŚĞWŽƐƚKĨĨŝĐĞďƵŝůĚŝŶŐŽŶƌŽĂĚǁĂLJŝƐŽǁŶĞĚďLJĂhƚĂŚͲďĂƐĞĚ ŚŽƐƉŝƚĂůŝƚLJĚĞǀĞůŽƉĞƌǁŝƚŚůŽĐĂůƚŝĞƐ͘ KǁŶĞƌƐŽĨƚŚĞďƵŝůĚŝŶŐĂƌĞƉƌŽƉŽƐŝŶŐĂϭϰϬͲŬĞLJďŽƵƚŝƋƵĞŚŽƚĞůĨŽƌ ůŽŶŐĞƌͲƚĞƌŵƚƌĂǀĞůĞƌƐ͘dŚĞĚĞǀĞůŽƉĞƌŝƐŝŶƚĞƌĞƐƚĞĚŝŶƐƵƐƚĂŝŶĂďŝůŝƚLJĂŶĚ ĐŽŶƐŝĚĞƌŝŶŐĂĨůĂŐƚŚĂƚĂůŝŐŶƐǁŝƚŚƚŚŝƐĞŶǀŝƌŽŶŵĞŶƚĂůĂƉƉƌŽĂĐŚ͘ dŚŝƐƉƌŽũĞĐƚŚĂƐƐƵďŵŝƚƚĞĚĂd/&ĂƉƉůŝĐĂƚŝŽŶƚŽƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ͘ ,ŽǁĞǀĞƌ͕ĐƵƌƌĞŶƚůLJŝŶƚĞƌĞƐƚƌĂƚĞĞŶǀŝƌŽŶŵĞŶƚŚĂƐĂĚĚĞĚĂĚĚŝƚŝŽŶĂů ƉƌŽũĞĐƚĐŽƐƚƐĂŶĚǁŝĚĞŶĞĚƚŚĞŐĂƉĨŽƌĨĞĂƐŝďŝůŝƚLJ͕ƐŽƚŚĞƉƌŽũĞĐƚŝƐ WŽƐƚKĨĨŝĐĞ ƵŶĚĞƌĐŽŶƚŝŶƵĞĚƌĞǀŝĞǁĨŽƌƉŽƐƐŝďůĞƐŽůƵƚŝŽŶƐ͘dŚĞƌĞĂƌĞƐĞǀĞƌĂů ŚƵƌĚůĞƐƚŚĞĚĞǀĞůŽƉĞƌŚĂƐŽƵƚůŝŶĞĚ;ĂĐĐĞƐƐƚŽĂůŽŶŐͲƚĞƌŵƉĂƌŬŝŶŐ ĂŐƌĞĞŵĞŶƚ͕d/&ͿƚŚĂƚŶĞĞĚƚŽďĞĐƌŽƐƐĞĚĨŽƌƚŚŝƐƉƌŽũĞĐƚƚŽƉƌŽĐĞĞĚ͘   K&&/ͬ> dŚƌĞĞŝƐĐŽǀĞƌLJ^ƋƵĂƌĞŶĂƉƉůŝĐĂƚŝŽŶŚĂƐďĞĞŶƐƵďŵŝƚƚĞĚĨŽƌDŽƌƚĞŶƐŽŶ͛Ɛ^ϯƉƌŽũĞĐƚƚŚĂƚ 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