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November 3, 2025 Agenda Packet
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ĖťƅϙĺċϙĺèēôŜťôŘϟϙťĺŘıſÍťôŘϙŜťĺŘÍČôϙŘôŗŪĖŘôıôIJťŜϙÍŘôϙIJĺťôîϙ ĖIJϙťēôϙôƄĖŜťĖIJČϙ"ôŽôīĺŕıôIJťϙČŘôôıôIJťϟϙťĺŘıſÍťôŘϙŕĖŕĖIJČϙŜƅŜťôıϙſĖīīϙîĖŘôèťϙ ŜťĺŘıϙſÍťôŘϙŘŪIJĺƯϙťĺϙťēôϙŜťĺŘıϙťŘôÍťıôIJťϙċÍèĖīĖťĖôŜ ϙ ϙ aŪIJĖèĖŕÍīϙŜÍIJĖťÍŘƅϙŜôſôŘϙÍIJîϙſÍťôŘıÍĖIJϙſĖīīϙæôϙôƄťôIJîôîϙťĺϙťēôϙŘĺĤôèťϙĖťôϙċŘĺıϙ ťēôϙôƄĖŜťĖIJČϙıÍĖIJŜϙÍîĤÍèôIJťϙťĺϙťēôϙŘĺĤôèťϟ ϙ ϙ aÍŜŜϙČŘÍîĖIJČϙĖŜϙŕīÍIJIJôîϙťĺϙŜťÍŘťϙĖIJϙťēôϙċÍīīϙĺċϙ͑͏͔͑ϙŕôIJîĖIJČϙÍŕŕŘĺŽÍīϙĺċϙÍīīϙIJôèôŜŜÍŘƅϙ ŕôŘıĖťŜϙÍIJîϙĺťēôŘϙÍŕŕŘĺŽÍīŜϟ ϙ ϙ ēôϙŕŘôīĖıĖIJÍŘƅϙŜèēôîŪīôϙċĺŘϙæŪĖīîϙĺŪťϙĺċϙťēôϙŘĺĤôèťϙĖŜϙÍŜϙċĺīīĺſŜϡ ϙ xēÍŜôϙIϙϼŕŘĖIJČϙ͑͏͕͑ϙϳϙŕŘĖIJČϙ͑͏͖͑Ͻϙ͔͐͏ϙīĺťŜ ϙ xēÍŜôϙIIϙϼŕŘĖIJČϙ͑͏͑͗ϙϳϙŕŘĖIJČϙ͑͏͑͘Ͻϙ͔͐͏ϙīĺťŜϙ ϙ xēÍŜôϙIIIϙϼ>Íīīϙ͑͏͑͘ϙϱϙ>Íīīϙ͑͏͒͏Ͻϙ͓͐͒ϙīĺťŜϙ ϙ ēôϙ"ôŽôīĺŕôŘϙĖŜϙŘôŜŕĺIJŜĖæīôϙċĺŘϙťēôϙèĺŜťϙĺċϙťēôϙĺIJϱŜĖťôϙĖıŕŘĺŽôıôIJťŜϙſĖťēϙťēôϙ ôƄèôŕťĖĺIJϙťēôϙ ĖťƅϙĺċϙĺèēôŜťôŘϙıÍƅϙÍŜŜĖŜťϙſĖťēϙťēôϙèĺŜťϙĺċϙÍϙŕĺŘťĖĺIJϙĺċϙťēôϙ ŜťĺŘıſÍťôŘϙťŘôÍťıôIJťϙċÍèĖīĖťĖôŜϙÍIJîϙŕŪæīĖèϙſÍťôŘıÍĖIJϙŜƅŜťôıϟ ϙ èϥŘĺĤôèťϟaÍČIJĖťŪîôϧ ϙ Íæīôϙ͑ϟϙŘĺĤôèťϙaÍČIJĖťŪîôϙ"ÍťÍ ϙ ĺťÍīϙŘĺĤôèťϙèŘôÍČô ϙ͐͗͏ϙÍèŘôŜ ϙ ĺťÍīϙŘĺĤôèťϙèŘôÍČô ϙ͐͗͏ϙÍèŘôŜ ϙ [ĖIJôÍŘϙŘĺĤôèťϙ[ôIJČťē ϙŪæīĖèϯŘĖŽÍťôϙĺÍîſÍƅŜ ϙ bŪıæôŘϙÍIJîϙƅŕôϙĺċϙôŜĖîôIJťĖÍīϙIJĖťŜ ϙ͓͓͒ϙĖIJČīôϙċÍıĖīƅϙîôťÍèēôîϙŪIJĖťŜ ϙ ôŜĖîôIJťĖÍīϙæŪĖīîĖIJČϙÍŘôÍϙϼŜŗŪÍŘôϙċôôťϽ ϙ͕͗͗Ϡ͏͏͏ϙ ĺııôŘèĖÍīϙæŪĖīîĖIJČϙÍŘôÍϙϼŜŗŪÍŘôϙċôôť ϙ͏ϙ IIJîŪŜťŘĖÍīϙæŪĖīîĖIJČϙÍŘôÍϙϼŜŗŪÍŘôϙċôôťϽ ϙ͏ϙ IIJŜťĖťŪťĖĺIJÍīϙæŪĖīîĖIJČϙÍŘôÍϙϼŜŗŪÍŘôϙċôôťϽ ϙ͏ϙ iťēôŘϙŪŜôŜϙϳϙŜŕôèĖċƅϙϼÍèŘôŜϽ ϙϙ ͏ϙ xŘĖŽÍťôϙÍŘħ ϙ ͑ϙ xŪæīĖèϙÍŘħ ϙ ͑͘ϙ x(IJŽĖŘĺIJıôIJťÍīϙ ĺŘŘĖîĺŘϯĺŕôIJϙ ŕÍèô ϙ ϙϙ ϙϙ ͕ϙ ϙ îϥ(ƄŕīÍĖIJϟťēôϟŕŘĺĤôèťϟŕŪŘŕĺŜôϨϟĖċϟťēôϟŕŘĺĤôèťϟſĖīīϟæôϟèÍŘŘĖôîϟĺŪťϟæƅϟÍϟČĺŽôŘIJıôIJťϟŪIJĖťϦϟ ôƄŕīÍĖIJϟťēôϟIJôôîϟċĺŘϟťēôϟŕŘĺĤôèťϟÍIJîϟĖîôIJťĖċƅϟťēôϟæôIJôƱèĖÍŘĖôŜϥ ϟ ēôϙŕŘĺŕĺŜôîϙŘĺĤôèťϙĖŜϙťĺϙıôôťϙıÍŘħôťϙîôıÍIJîϙŕŘĺŽĖîĖIJČϙÍIJϙÍîôŗŪÍťôϙŜŪŕŕīƅϙĺċϙ ŘôŜĖîôIJťĖÍīϙēĺŪŜĖIJČϙťĺϙϙıôôťϙťēôϙŕŘĺĤôèťôîϙ ĖťƅϙĺċϙĺèēôŜťôŘϙēĺŪŜĖIJČϙîôıÍIJîϙťĺϙťēôϙ ƅôÍŘϙ͑͏͒͏ѭϟϙ ϙ ēôϙ͑͏͑͏ϙaÍƄƱôīîϙ ĺıŕŘôēôIJŜĖŽôϙFĺŪŜĖIJČϙbôôîŜϙŜťŪîƅϙċĺŘϙiīıŜťôîϙ ĺŪIJťƅϠϙ aĖIJIJôŜĺťÍϙϼaÍƄƱôīîϙŜťŪîƅϽϙϙŕŘĺĤôèťŜϙťēôϙIJôôîϙċĺŘϙ͔͕͑͒ϙIJôſϙŜĖIJČīôϙċÍıĖīƅϙŘôŜĖîôIJťĖÍīϙ ŪIJĖťŜϙæƅϙ͑͏͒͏ϟϙFĖŜťĺŘĖèÍīīƅϠϙťēôϙÍIJIJŪÍīϙŕôŘıĖťŜϙċĺŘϙŜĖIJČīôϙċÍıĖīƅϙîſôīīĖIJČŜϙĖIJϙ Ėťƅϙĺċϙ ĺèēôŜťôŘϙŘÍIJČôϙæôťſôôIJϙ͐͒͘ϱ͑͐͏ϟϙēôϙƱŽôϙƅôÍŘϙĺīîϙaÍƄƱôīîϙťŪîƅϙſÍŜϙèĺıŕīôťôîϙ ŕŘĖĺŘϙťĺϙťēôϙÍIJIJĺŪIJèôıôIJťϙæƅϙťēôϙaÍƅĺϙ īĖIJĖèϙĺċϙťēôĖŘϙ͔ϙæĖīīĖĺIJϙîĺīīÍŘϙôƄŕÍIJŜĖĺIJϙťēÍťϙ ſĖīīϙŘÍŕĖîīƅϙĖIJèŘôÍŜôϙēĺŪŜĖIJČϙîôıÍIJîϙċĺŘϙèĺIJŜťŘŪèťĖĺIJϙſĺŘħôŘŜϙĖIJϙťēôϙŜēĺŘťϙťôŘıϙ ÍIJîϙċĺŘϙaÍƅĺϙôıŕīĺƅôôŜϙĖIJϙťēôϙċŪťŪŘôϟ ϙ ēôϙ ĖťƅϙĺċϙĺèēôŜťôŘϙĖIJèīŪîôîϙôææīôϙ ŘôôħϙĖIJϙťēôĖŘϙ͑͏͏͒ϙČŘĺſťēϙŕīÍIJϙſēôIJϙťēôϙ ĺŘĖČĖIJÍīϙ@ôIJôŘÍīϙ"ôŽôīĺŕıôIJťϙīÍIJϙſÍŜϙÍŕŕŘĺŽôîϟ ϙ ϙ ēĖŜϙŘĺĤôèťϙſĖīīϙŕŘĺŽĖîôϙÍϙıŪèēϱIJôôîôîϙîôıÍIJîϙċĺŘϙŜĖIJČīôϙċÍıĖīƅϙēĺŪŜĖIJČϟϙēôϙ ŘĺĤôèťϙĖŜϙÍϙīĺČĖèÍīϙôƄŕÍIJŜĖĺIJϙĺċϙťēôϙ ĖťƅϙÍŜϙıŪIJĖèĖŕÍīϙĖIJċŘÍŜťŘŪèťŪŘôϙôƄĖŜťŜϙÍîĤÍèôIJťϙ ťĺϙťēôϙŘĺĤôèťϙĖťôϙÍIJîϙťēôϙŘĺĤôèťϙĖťôϙĖŜϙĖIJϙťēôϙIJôÍŘϱťôŘıϙ"ôŽôīĺŕıôIJťϙĺIJϙťēôϙ ĺèēôŜťôŘϙ@ŘĺſťēϙīÍIJϟ ϙ ϙ ôϥŘôϟċŪťŪŘôϟŜťÍČôŜϟĺċϟťēĖŜϟîôŽôīĺŕıôIJťϦϟĖIJèīŪîĖIJČϟîôŽôīĺŕıôIJťϟĺIJϟĺťēôŘϟŕŘĺŕôŘťƅϟ ŕīÍIJIJôîϟĺŘϟīĖħôīƅϟťĺϟēÍŕŕôIJϬϟ´ôŜϟ bĺ ϟ ܆ ϟ ēôŘôϙÍŘôϙIJĺϙċŪťŪŘôϙŜťÍČôŜϙĺċϙťēĖŜϙîôŽôīĺŕıôIJťϟϙ ϙ ϙ ċϥIŜϟťēĖŜϟŕŘĺĤôèťϟÍϟŜŪæŜôŗŪôIJťϟŜťÍČôϟĺċϟÍIJϟôÍŘīĖôŘϟŕŘĺĤôèťϟ´ôŜϟ bĺ ϟ ܈ IċϟƅôŜϦϟæŘĖôƲƅϟîôŜèŘĖæôϟťēôϟŕÍŜťϟîôŽôīĺŕıôIJťϦϟťĖıôīĖIJôϟÍIJîϟÍIJƅϟŕÍŜťϟôIJŽĖŘĺIJıôIJťÍīϟ ŘôŽĖôſϥ ϟ ϟ "ôŽôīĺŕıôIJťϙĺċϙťēôϙĺŘĖČĖIJÍīϙċĺŪŘϙŕēÍŜôŜϙĺċϙôææīôϙ ŘôôħϙèĺııôIJèôîϙĖIJϙ͑͏͏͓ϙÍIJîϙ ēÍŜϙŕŘĺČŘôŜŜôîϙťēŘĺŪČēϙ͑͏͓͑ϟϙIJϙ(IJŽĖŘĺIJıôIJťÍīϙŜŜôŜŜıôIJťϙ®ĺŘħŜēôôťϙſÍŜϙ ÍŕŕŘĺŽôîϙĖIJϙ͑͏͏͓ϙċĺŘϙ͑͐͐ϙèŘôŜϙĺċϙťēôϙ"ôŽôīĺŕıôIJťϙŕīÍIJϟϙϼŕŕôIJîĖƄϙFϽ ϙ ϙ ͖ϟ [Ia(ϙ"Iibϙb"ϙ(I[I(b ( ϙ Íϥ"ôŜèŘĖæôîϟťēôϟèīĖıÍťôϟťŘôIJîŜϟĖIJϟťēôϟČôIJôŘÍīϟīĺèÍťĖĺIJϟĺċϟťēôϟŕŘĺĤôèťϟЂŜôôϟČŪĖîÍIJèôϧϟ īĖıÍťôϟîÍŕťÍťĖĺIJϟÍIJîϟôŜĖīĖôIJèôЃϟÍIJîϟēĺſϟèīĖıÍťôϟèēÍIJČôϟĖŜϟÍIJťĖèĖŕÍťôîϟťĺϟÍƯôèťϟ ťēÍťϟīĺèÍťĖĺIJϟîŪŘĖIJČϟťēôϟīĖċôϟĺċϟťēôϟŕŘĺĤôèťϥ ϙ ÍŜťϙ īĖıÍťôϙ ēÍIJČô ϙ ôŽĖôſϙĺċϙèīĖıÍťôϙîÍťÍϙĖIJîĖèÍťôŜϙťēôϙèīĖıÍťôϙĺċϙiīıŜťôîϙ ĺŪIJťƅϠϙaĖIJIJôŜĺťÍϙēÍŜϙ ČĺťťôIJϙſÍŘıôŘϙÍIJîϙſôťťôŘϙîŪŘĖIJČϙťēôϙŕÍŜťϙ͔͏ϙƅôÍŘŜϟϙϙēôϙaĖIJIJôŜĺťÍϙ īĖıÍťôϙ ͖ϙ ϙ (ƄŕīĺŘôŘϙſôæŜĖťôϙϼabϙ"bϟϙ͑͏͔͑ϽϙĖIJîĖèÍťôŜϙÍŽôŘÍČôϙVÍIJŪÍŘƅϙťôıŕôŘÍťŪŘôŜϙŘĺŜôϙ͐ϟ͖͑ϙ >ϙŕôŘϙîôèÍîôϙĺŽôŘϙťēôϙŕÍŜťϙ͔͏ϙƅôÍŘŜϠϙĖIJϙÍϙťŘôIJîϙċŘĺıϙ͐͑ϟ͒͗ϙ>ϙĖIJϙ͖͓͐͘ϙťĺϙ͐͘ϟ͒͘ϙ>ϙĖIJϙ ĺĺĺ ͑͏͓͑ϙϼ@ŘÍŕēϙ͐Ͻϟ ϙ @ŘÍŕēϙ͐ϟϙϙŽôŘÍČôϙVÍIJŪÍŘƅϙôıŕôŘÍťŪŘôϙċĺŘϙiīıŜťôîϙ ĺŪIJťƅϠϙabϠϙ͖͓͐͘ϱ͑͏͓͑ϟϙ "ŪŘĖIJČϙÍϙŜĖıĖīÍŘϙŕôŘĖĺîϙϼ͖͐͒͘ϙÍIJîϙ͑͏͑͒ϽϠϙÍIJIJŪÍīϙŕŘôèĖŕĖťÍťĖĺIJϙĖIJèŘôÍŜôîϙæƅϙ͐ϟ͏͑ϙĖIJèēϙ ŕôŘϙîôèÍîôϠϙĖIJϙÍϙťŘôIJîϙċŘĺıϙ͒͐ϟ͘͘ϙĖIJèēôŜϙĖIJϙ͖͐͒͘ϙťĺϙ͖͒ϟ͐ϙĖIJèēôŜϙĖIJϙ͑͏͑͒ϟϙϙôèĺŘîôîϙ ÍIJIJŪÍīϙŘÍĖIJċÍīīϙŘÍIJČôîϙċŘĺıϙÍϙīĺſϙĺċϙ͑͒ϟ͔͑ϙĖIJèēôŜϙĖIJϙ͐͗͘͘ϙťĺϙÍϙēĖČēϙĺċϙ͔͏ϟ͕͗ϙĖIJèēôŜϙĖIJϙ ͑͏͑͏ϙϼ@ŘÍŕēϙ͑Ͻϟ ϙ @ŘÍŕēϙ͑ϟϙϙIJIJŪÍīϙŘôèĖŕĖťÍťĖĺIJϙċĺŘϙiīıŜťôîϙ ĺŪIJťƅϠϙabϠϙ͖͐͒͘ϱ͑͏͑͒ϟϙ ͗ϙ ϙ ēôϙÍīıôŘϙ"ŘĺŪČēťϙôŽôŘĖťƅϙIIJîôƄϙϼ"IϽϙĖŜϙŪŜôîϙťĺϙîôŜèŘĖæôϙôƯôèťŜϙĺċϙèīĖıÍťôϙ èēÍIJČôϙĺIJϙīĺIJČϱťôŘıϙîŘĺŪČēťϙϼѳϙ͐͑ϙıĺIJťēŜϽϙťēŘĺŪČēϙťēôϙıôèēÍIJĖŜıϙĺċϙŕĺťôIJťĖÍīϙ ôŽÍŕĺťŘÍIJŜŕĖŘÍťĖĺIJϟϙϙēôϙ"IϙŜƅIJťēôŜĖƏôŜϙťôıŕôŘÍťôϙÍIJîϙŕŘôèĖŕĖťÍťĖĺIJϙîÍťÍϙťĺϙ èŘôÍťôϙÍIJϙĖIJîôƄϙťēÍťϙŘÍIJČôŜϙċŘĺıϙϱ͐͏ϙϼŽôŘƅϙîŘƅϽϙťĺϙѭ͐͏ϙϼŽôŘƅϙſôťϽϙϼabϙ"bϟϙ͑͏͓͑ÍϽϟϙϙ >Řĺıϙ͖͐͒͘ϙťĺϙ͑͏͑͒Ϡϙťēôϙ"IϙċĺŘϙiīıŜťôîϙ ĺŪIJťƅϙÍŽôŘÍČôîϙ͐ϟ͖͏ϙÍIJîϙŜēĺſôîϙÍIJϙ ĖIJèŘôÍŜĖIJČϙťŘôIJîϙĺċϙ͏ϟ͓͖ϙŕôŘϙîôèÍîôϙϼ@ŘÍŕēϙ͒ϽϟϙϙēôϙĖIJèŘôÍŜĖIJČϙ"IϙŜŪČČôŜťŜϙťēÍťϙ îŘĺŪČēťŜϙēÍŽôϙæôèĺıôϙīôŜŜϙŜôŽôŘôϙĖIJϙťēôϙŕŘĺĤôèťϙÍŘôÍϙĺŽôŘϙťēôϙŕÍŜťϙ͔͏ϙƅôÍŘŜϟϙϙ®ēĖīôϙ ťēĖŜϙĖŜϙèĺIJŜĖŜťôIJťϙſĖťēϙťēôϙťŘôIJîϙĺċϙĖIJèŘôÍŜĖIJČϙŕŘôèĖŕĖťÍťĖĺIJϠϙîŘĺŪČēťϙıÍƅϙŜťĖīīϙĺèèŪŘϙ ĖIJϙťēôϙŕŘĺĤôèťϙÍŘôÍϟ ϙ @ŘÍŕēϙ͒ϟϙϙÍīıôŘϙ"ŘĺŪČēťϙôŽôŘĖťƅϙIIJîôƄϙċĺŘϙiīıŜťôîϙ ĺŪIJťƅϠϙabϠϙ͖͐͒͘ϱ͑͏͑͒ϟϙ >ŪťŪŘôϙ īĖıÍťôϙ ēÍIJČô ϙ >ŪťŪŘôϙèīĖıÍťôϙŕŘôîĖèťĖĺIJŜϙČôIJôŘÍīīƅϙĖIJîĖèÍťôϙťēÍťϙťēôϙèīĖıÍťôϙĖIJϙťēôϙŕŘĺĤôèťϙÍŘôÍϙ ſĖīīϙèĺIJťĖIJŪôϙťĺϙČôťϙſÍŘıôŘϙÍIJîϙſôťťôŘϙϼÍæīôϙ͒ϽϠϙĖIJèŘôÍŜĖIJČϙťēôϙŕĺťôIJťĖÍīϙċĺŘϙēôÍťϙ ŜťŘôŜŜϙÍIJîϙƲĺĺîĖIJČϟϙϙ>ŪťŪŘôϙèīĖıÍťôϙŕŘĺĤôèťĖĺIJŜϙÍŘôϙæÍŜôîϙĺIJϙôŕŘôŜôIJťÍťĖŽôϙ ĺIJèôIJťŘÍťĖĺIJϙÍťēſÍƅŜϙϼ ŜϽϟϙϙ ŜϙÍŘôϙČŘôôIJēĺŪŜôϙČÍŜϙϼ@F@ϽϙŜèôIJÍŘĖĺŜϙŪŜôîϙ æƅϙťēôϙIIJťôŘČĺŽôŘIJıôIJťÍīϙÍIJôīϙĺIJϙ īĖıÍťôϙ ēÍIJČôϙϼabϙ"bϙ͑͏͑͐Ͻϟ ϙ ϙ ēôϙ īĖıÍťôϙaÍŕŕĖIJČϙċĺŘϙôŜĖīĖôIJèôϙÍIJîϙîÍŕťÍťĖĺIJϙſôæŜĖťôϙϼ@ ϙ͑͏͑͑ϽϙſÍŜϙ ŪŜôîϙťĺϙôŜťĖıÍťôϙċŪťŪŘôϙèīĖıÍťôϙèēÍŘÍèťôŘĖŜťĖèŜϙŪIJîôŘϙīĺſϙÍIJîϙēĖČēϙôıĖŜŜĖĺIJŜϙ ŜèôIJÍŘĖĺŜϟϙϙēôϙīĺſϙôıĖŜŜĖĺIJϙŜèôIJÍŘĖĺϠϙħIJĺſIJϙÍŜϙ ϙ͓ϟ͔ϠϙÍŜŜŪıôŜϙēŪıÍIJŜϙ îŘÍŜťĖèÍīīƅϙŘôîŪèôϙċĺŜŜĖīϙċŪôīϙŪŜôϙÍIJîϙČīĺæÍīϙôıĖŜŜĖĺIJŜϟϙϙIJîôŘϙťēĖŜϙŜèôIJÍŘĖĺϠϙ ôıĖŜŜĖĺIJŜϙîôèīĖIJôϙÍċťôŘϙŕôÍħĖIJČϙÍŘĺŪIJîϙ͑͏͓͏ϟϙϙēôϙēĖČēϙôıĖŜŜĖĺIJŜϙŜèôIJÍŘĖĺϠϙħIJĺſIJϙ ÍŜϙ ϙ͗ϟ͔ϠϙÍŜŜŪıôŜϙēŪıÍIJŜϙèĺIJťĖIJŪôϙĖIJèŘôÍŜĖIJČϙôıĖŜŜĖĺIJŜϙċŘĺıϙċĺŜŜĖīϙċŪôīŜϙ ťēŘĺŪČēϙťēôϙƅôÍŘϙ͑͐͏͏ϙϼ@ ϙ͑͏͑͑Ͻϟ ϙ ϙ ϙ ͘ϙ ϙ Íæīôϙ͒ϟϙ>ŪťŪŘôϙ īĖıÍťôϙ ēÍŘÍèťôŘĖŜťĖèŜϙŪIJîôŘϙ[ĺſϙÍIJîϙFĖČēϙ(ıĖŜŜĖĺIJϙèôIJÍŘĖĺŜ ϙ FĖČēôŘϙ īĖıÍťôϙ[ĺſϙ(ıĖŜŜĖĺIJŜϙ ĖıôīĖIJô ϙ(ıĖŜŜĖĺIJϙ ēÍŘÍèťôŘĖŜťĖè ϙèôIJÍŘĖĺ ϙ ͐ èôIJÍŘĖĺ ϙ ĖIJČϙŘÍĖIJċÍīīϙîôŕťēϙæÍŜôîϙĺIJϙťīÍŜϙ͓͐ϙîÍťÍϙÍIJîϙŘÍĖIJċÍīīϙîĖŜťŘĖæŪťĖĺIJϙ æÍŜôîϙĺIJϙťēôϙıĺŜťϙèŪŘŘôIJťϙîÍťÍϙſēĖèēϙĖŜϙÍϙa(ϙƅŕôϙ͒ϙ͓͑ϱēĺŪŘϙôŽôIJťϟϙaĺîôīĖIJČϙſĖīīϙ æôϙŘôŗŪĖŘôîϙťĺϙîôıĺIJŜťŘÍťôϙIJĺϙIJôťϙĖIJèŘôÍŜôϙĖIJϙŕôÍħϙŘŪIJĺƯϙċŘĺıϙťēôϙŜĖťôϙťĺϙıĖťĖČÍťôϙ îĺſIJŜťŘôÍıϙôŘĺŜĖĺIJϙŕĺťôIJťĖÍīϟϙîîĖťĖĺIJÍīīƅϠϙťēĖŜϙîôŽôīĺŕıôIJťϙĖŜϙŜŪæĤôèťϙťĺϙ ͐͏ϙ ϙ îôŽôīĺŕıôIJťϙÍČŘôôıôIJťϙèĺIJîĖťĖĺIJŜϙſēĖèēϙċŪŘťēôŘϙŘôŗŪĖŘôϙťēÍťϙťēôϙŜťĺŘıſÍťôŘϙ ıÍIJÍČôıôIJťϙĺċϙťēôϙŜĖťôϙĖIJèĺŘŕĺŘÍťôϙÍϙIJôťϙîôèŘôÍŜôϙĖIJϙťēôϙŕôÍħϙŘŪIJĺƯϙîĖŘôèťôîϙťĺϙ aĖIJIJĺſϙ ŘôôħϙťĺϙıĖťĖČÍťôϙċĺŘϙîĺſIJŜťŘôÍıϙîôťôŘĖĺŘÍťĖĺIJϙĺċϙťēôϙôƄĖŜťĖIJČϙ îŘÍĖIJÍČôſÍƅϟ ϙ ēôϙôƄĖŜťĖIJČϙŽôČôťÍťôîϙîŘÍĖIJÍČôſÍƅϙĖŜϙŕŘĺŕĺŜôîϙťĺϙŘôıÍĖIJϙĖIJϙĖťŜϙôƄĖŜťĖIJČϙèĺIJîĖťĖĺIJϙ ťĺϙŕŘôŜôŘŽôϙťēôϙŽôČôťÍťĖĺIJϙÍIJîϙÍŽĺĖîϙŕĺťôIJťĖÍīϙôŘĺŜĖĺIJϙŘĖŜħŜϙĺċϙôŜťÍæīĖŜēôîϙ ŽôČôťÍťĖĺIJϙŘôıĺŽÍīϟϙ ϙ FôÍťϙ«ŪīIJôŘÍæĖīĖťƅ ϙ ēôϙFôÍťϙ«ŪīIJôŘÍæĖīĖťƅϙĖIJϙaĖIJIJôŜĺťÍϙÍŕŕϙϼIJĖŽôŘŜĖťƅϙĺċϙabϙÍIJîϙabϙ"ôŕÍŘťıôIJťϙĺċϙ FôÍīťēϙ͑͏͔͑ϽϙĖŜϙŪŜôîϙťĺϙÍŜŜôŜŜϙèĺııŪIJĖťƅϙŽŪīIJôŘÍæĖīĖťƅϙťĺϙôƄťŘôıôϙēôÍťϟϙIťϙ èĺIJŜĖîôŘŜϙŽŪīIJôŘÍæĖīĖťƅϙťĺϙôƄťŘôıôϙēôÍťϙŪIJîôŘϙēôÍťϙŜôIJŜĖťĖŽĖťƅϙÍIJîϙēôÍťϙôƄŕĺŜŪŘôϟϙ FôÍťϙŜôIJŜĖťĖŽĖťƅϙĖŜϙôŜťĖıÍťôîϙſĖťēϙÍϙèĺıŕĺŜĖťôϙŜèĺŘôϙťēÍťϙèĺIJŜĖîôŘŜϙċĺŪŘϙēôÍťϱ ŜôIJŜĖťĖŽôϙîôıĺČŘÍŕēĖèϙČŘĺŪŕŜϙϼèēĖīîŘôIJϙŪIJîôŘϙ͔ϠϙıÍīôŜϙÍČôϙ͔͐ϱ͓͒ϠϙÍČôϙ͕͔ѭϠϙÍIJîϙ ŕôĺŕīôϙĺċϙèĺīĺŘϯıôŘĖèÍIJϙIIJîĖÍIJŜϽϟϙFôÍťϙôƄŕĺŜŪŘôϙĖŜϙôŜťĖıÍťôîϙſĖťēϙÍϙèĺıŕĺŜĖťôϙ ŜèĺŘôϙťēÍťϙèĺIJŜĖîôŘŜϙèĺĺīĖIJČϙîôČŘôôϙîÍƅŜϙĖIJϙ͑͏͐͘ϙŽôŘŜŪŜϙťēĺŜôϙŕŘĺĤôèťôîϙċĺŘϙ͑͏͔͏ϙ ŪIJîôŘϙīĺſϙÍIJîϙēĖČēϙôıĖŜŜĖĺIJϙŜèôIJÍŘĖĺŜϟϙēôϙϟϟϙ(IJôŘČƅϙIIJċĺŘıÍťĖĺIJϙîıĖIJĖŜťŘÍťĖĺIJϙ ϼϟϟϙ(Iϙ͑͏͑͒ϽϙĖIJîĖèÍťôŜϙèĺĺīĖIJČϙîôČŘôôϙîÍƅŜϙÍŘôϙÍϙıôÍŜŪŘôϙĺċϙēĺſϙēĺťϙťēôϙ ťôıŕôŘÍťŪŘôϙſÍŜϙĺIJϙÍϙČĖŽôIJϙîÍƅϙĺŘϙîŪŘĖIJČϙÍϙŕôŘĖĺîϙĺċϙîÍƅŜϟϙ ĺĺīĖIJČϙîôČŘôôϙîÍƅŜϙÍŘôϙ ŪŜôîϙÍŜϙÍϙŕŘĺƄƅϙťĺϙôŜťĖıÍťôϙťēôϙîôıÍIJîϙċĺŘϙôIJôŘČƅϙŪŜôîϙċĺŘϙèĺĺīĖIJČϙĖIJϙæŪĖīîĖIJČŜϟ ϙ ēôϙèĺıŕĺŜĖťôϙēôÍťϙŜôIJŜĖťĖŽĖťƅϙŜèĺŘôϙċĺŘϙiīıŜťôîϙ ĺŪIJťƅϙĖŜϙ͑͑ϠϙſēĖèēϙĖŜϙŘôīÍťĖŽôīƅϙ ēĖČēϙèĺıŕÍŘôîϙťĺϙťēôϙŘÍIJČôϙĺċϙ͖ϙťĺϙ͑͗ϟϙēôϙèĺıŕĺŜĖťôϙēôÍťϙôƄŕĺŜŪŘôϙŜèĺŘôϙċĺŘϙ iīıŜťôîϙ ĺŪIJťƅϙŪIJîôŘϙæĺťēϙīĺſϙÍIJîϙēĖČēϙôıĖŜŜĖĺIJŜϙŜèôIJÍŘĖĺŜϙĖŜϙ͓ϠϙſēĖèēϙĖŜϙīĺſϙ èĺıŕÍŘôîϙťĺϙťēôϙŘÍIJČôϙĺċϙ͑ϙťĺϙ͗ϟ ϙ æϥ>ĺŘϟôÍèēϟôŜĺŪŘèôϟ ÍťôČĺŘƅϟĖIJϟťēôϟťÍæīôϟæôīĺſϧϟ"ôŜèŘĖæôϟēĺſϟťēôϟŕŘĺĤôèťГŜϟ ŕŘĺŕĺŜôîϟÍèťĖŽĖťĖôŜϟÍIJîϟēĺſϟťēôϟŕŘĺĤôèťГŜϟîôŜĖČIJϟſĖīīϟĖIJťôŘÍèťϟſĖťēϟťēĺŜôϟèīĖıÍťôϟ ťŘôIJîŜϥϟ"ôŜèŘĖæôϟŕŘĺŕĺŜôîϟÍîÍŕťÍťĖĺIJŜϟťĺϟÍîîŘôŜŜϟťēôϟŕŘĺĤôèťϟôƯôèťŜϟĖîôIJťĖƱôîϥϟ ϙ ϙ Íæīôϙ͓ϟϙ īĖıÍťôϙîÍŕťÍťĖĺIJϙÍIJîϙôŜĖīĖôIJèô ϙ ôŜĺŪŘèôϙ īĖıÍťôϙ ŘĺĤôèťϙIIJċĺŘıÍťĖĺIJ ϙîÍŕťÍťĖĺIJŜ ϙ ÍťôČĺŘƅ ϙ ĺIJŜĖîôŘÍťĖĺIJŜ ϙ ŘĺĤôèťϙ"ôŜĖČIJ ϙŜŕôèťŜϙĺċϙťēôϙæŪĖīîĖIJČϙ īĖıÍťôϙèēÍIJČôŜϙŘĺĤôèťϙſĖīīϙŪŜôϙôIJôŘČƅϙ ÍŘèēĖťôèťŪŘôϯıÍťôŘĖÍīŜϙŘĖŜħŜϙÍIJîϙôƯĖèĖôIJťϙæŪĖīîĖIJČϙ èēĺĖèôŜϙÍIJîϙŜĖťôϙîôŜĖČIJϙŽŪīIJôŘÍæĖīĖťĖôŜϙıÍťôŘĖÍīŜϙťēÍťϙŘôîŪèôϙ ıÍƅϙIJôČÍťĖŽôīƅϙÍƯôèťϙĖîôIJťĖƱôîϙĖIJèīŪîôϡ ϙ IJôôîŜϙċĺŘϙēĺıôϙ ŪŘæÍIJϙēôÍťϙĖŜīÍIJîϙ"ÍŘħϙŘĺĺċϙıÍťôŘĖÍīŜϙēôÍťĖIJČϙÍIJîϙèĺĺīĖIJČϟ ϙ èĺIJîĖťĖĺIJŜϙĖIJϙťēôϙÍŘôÍϙèÍIJϙèĺIJťŘĖæŪťôϙťĺϙēôϙŕŘĺĤôèťϙſĖīīϙæôϙ èĺIJŜĖîôŘĖIJČϙèēÍIJČĖIJČϙŪŘæÍIJϙēôÍťϙĖŜīÍIJîϙèĺıŕīĖÍIJťϙſĖťēϙťēôϙ èīĖıÍťôϙƏĺIJôŜϠϙôƯôèťϙÍIJîϙÍıŕīĖċƅϙ ĖťƅЍŜϙīÍIJîŜèÍŕôϙ ťôıŕôŘÍťŪŘôϙťŘôIJîŜϠϙÍIJîϙſÍŘıĖIJČϙèīĖıÍťôϙĺŘîĖIJÍIJèôϙÍIJîϙ ŕĺťôIJťĖÍīϙċĺŘϙôƄťôIJîôîϙèēÍIJČôϙīÍIJîŜèÍŕĖIJČϙſĖīīϙ ēôÍťϙſÍŽôŜϟ ϙ ťôıŕôŘÍťŪŘôŜϟ ϙ ĖIJèīŪîôϙĺŽôŘϙ͔͏͏ϙťŘôôŜϙ ͐͐ϙ ϙ ſēĖèēϙſĖīīϙēôīŕϙ ÍıôīĖĺŘÍťôϙŪŘæÍIJϙēôÍťϙ ĖŜīÍIJîŜϙÍIJîϙôƄťŘôıôϙ ťôıŕôŘÍťŪŘôŜϟ ϙ [ÍIJîϙŜô ϙ[ÍIJîϙŪŜôϙèēÍIJČôŜϙſĖīīϙ īĖıÍťôϙèēÍIJČôϙŘĖŜħŜϙŘĺĤôèťϙſĖīīϙ ĖIJèŘôÍŜôϙťēôϙÍıĺŪIJťϙĺċϙÍIJîϙŽŪīIJôŘÍæĖīĖťĖôŜϙĖIJèĺŘŕĺŘÍťôϙĺŽôŘϙ͔͏͏ϙ ĖıŕôŘŽĖĺŪŜϙŜŪŘċÍèôŜϙĖîôIJťĖƱôîϙĖIJèīŪîôϡ ϙ ťŘôôŜϙťĺϙæŘôÍħϙŪŕϙ ťēÍťϙıÍƅϙIJôČÍťĖŽôīƅϙ"ÍŘħϙĖıŕôŘŽĖĺŪŜϙĖıŕôŘŽĖĺŪŜϙÍŘôÍŜϙÍIJîϙ ÍƯôèťϙŪŘæÍIJϙēôÍťϙĖŜīÍIJîϙŜŪŘċÍèôŜϙèÍIJϙŕŘĺŽĖîôϙŜēÍîôϙĺŽôŘϙ èĺIJîĖťĖĺIJŜϙĖIJϙÍŘôÍŜϙĖIJèŘôÍŜôϙŪŘæÍIJϙēôÍťϙťēôϙĖıŕôŘŽĖĺŪŜϙ èĺIJŜĖîôŘĖIJČϙèēÍIJČĖIJČϙĖŜīÍIJîϙôƯôèťϙÍIJîϙŜŪŘċÍèôŜϙťēŘĺŪČēĺŪťϙ èīĖıÍťôϙƏĺIJôŜϠϙÍıŕīĖċƅϙſÍŘıĖIJČϙťēôϙŜĖťôϟϙťĺŘıſÍťôŘϙ ťôıŕôŘÍťŪŘôŜϙťŘôIJîŜϠϙťôıŕôŘÍťŪŘôŜϙĺċϙŕĺIJîŜϙſĖīīϙæôϙèŘôÍťôîϙ ÍIJîϙŕĺťôIJťĖÍīϙċĺŘϙèīĖıÍťôϙèēÍIJČôϙťēŘĺŪČēĺŪťϙťēôϙŜĖťôϙ ôƄťôIJîôîϙēôÍťϙſÍŽôŜϟ ϙ ĖıŕôŘŽĖĺŪŜϙŜŪŘċÍèôŜϙÍIJîϙîôŜĖČIJôîϙċĺŘϙ [ÍIJîϙŪŜôϙèēÍIJČôϙſĖīīϙČôIJôŘÍťôϙŜťĺŘıſÍťôŘϙĖIJèŘôÍŜôîϙĖIJťôIJŜĖťƅϙĺċϙ ĖIJèŘôÍŜôϙťēôϙÍıĺŪIJťϙĺċϙŘŪIJĺƯϙÍIJîϙŕÍĖŘôîϙ͐͏͏ϱƅôÍŘϙŜťĺŘıϙôŽôIJťϟ ϙ ĖıŕôŘŽĖĺŪŜϙŜŪŘċÍèôŜϙſĖťēϙĖIJèŘôÍŜôϙŜťĺŘıϙ ťēÍťϙıÍƅϙIJôČÍťĖŽôīƅϙĖIJťôIJŜĖťƅϙèĺŪīîϙ ÍƯôèťϙīĺèÍīĖƏôîϙƲĺĺîĖIJČϙČôIJôŘÍťôϙēĖČēôŘϙ èĺIJŜĖîôŘĖIJČϙèēÍIJČĖIJČϙŽĺīŪıôŜϙĺċϙŘŪIJĺƯϙ ŕŘôèĖŕĖťÍťĖĺIJϙÍIJîϙôŽôIJťϙıĺŘôϙŘÍŕĖîīƅϙīôÍîĖIJČϙ ĖIJťôIJŜĖťƅϟ ϙ ťĺϙīĺèÍīĖƏôîϙƲĺĺîĖIJČϟ ϙ ®ÍťôŘϙ îîŘôŜŜôîϙĖIJϙIťôıϙ͐͑ϙ ôŜĺŪŘèôŜ ϙ >ĖŜēϠϙſĖīîīĖċôϠϙ ŕīÍIJϙ èĺııŪIJĖťĖôŜϠϙ ÍIJîϙŜôIJŜĖťĖŽôϙîîŘôŜŜôîϙĖIJϙIťôıŜϙ͓͐ϟ ϙ ôèĺīĺČĖèÍīϙ ŘôŜĺŪŘèôŜϙϼŘÍŘôϙ ċôÍťŪŘôŜϽ ϙ ϪēôŘôϙÍŘôϙIJĺϙèĺIJťÍıĖIJÍťĖĺIJϯēÍƏÍŘîĺŪŜϙıÍťôŘĖÍīŜϯſÍŜťôŜϙŕŘôŜôIJťϙĺIJϙŜĖťôϙĺŘϙÍîĤÍèôIJťϙ ťēÍťϙŕŘôŜôIJťϙŘĖŜħϙťĺϙťēôϙŜĖťôϙÍIJîϙèĺIJŜťŘŪèťĖĺIJϙŕŘôŜôIJťϙĺIJϙŜĖťôϙſĖīīϙIJĺťϙĖIJťŘĺîŪèôϙÍIJƅϙ èĺIJťÍıĖIJÍťĖĺIJϙťĺϙťēôϙŜĖťôϟϙēôŘôċĺŘôϠϙťēĖŜϙſÍŜϙôīĖıĖIJÍťôîϙċŘĺıϙťēôϙťÍæīôϟ ϙ ϙ ͗ϟ i«(ϙ´(ϙ Íæīôϙ͔ϟϙ[ÍIJîϙ ĺŽôŘϙĺċϙťēôϙŘĺĤôèťϙĖťôϙ [ÍſIJϯīÍIJîŜèÍŕĖIJČ ϙ͏ϙ͗͘ϙ ͐ @ŘôôIJϙĖIJċŘÍŜťŘŪèťŪŘôϙi[ϙϼċŘĺıϙťÍæīôϙæôīĺſϪϽ ϙ͏ϙ͏ϙ IıŕôŘŽĖĺŪŜϙŜŪŘċÍèôϙϼĺÍîϯ"ŘĖŽôſÍƅϙŜŪŘċÍèôϽ ϙ͐ϟ͔ϙ͔͐ϙ ťĺŘıſÍťôŘϙĺIJîϙϼſôťϙŜôîĖıôIJťÍťĖĺIJϙæÍŜĖIJϽ ϙ͏ϙ͐͏ϙ ôŜĖîôIJťĖÍīϙæŪĖīîĖIJČϙÍŘôÍϙ ϙ͏ϟ͑ϙ͑͐ϙ iťēôŘϙϼîôŜèŘĖæôϽ ϙ͏ϙ͏ϙ i[ϙ͐͗͏ϙ͐͗͏ϙ ͑ bĺťôŜϡϙēôϙťĺťÍīϙīÍIJîϙèĺŽôŘϙÍèŘôÍČôϙĖŜϙŘôŕĺŘťôîϙÍŜϙťēôϙŜŪıϙĺċϙťēôϙŪIJŘĺŪIJîôîϙŽÍīŪôŜϟϙ ēôϙŘĺĤôèťϙÍŜϙŕŘĺŕĺŜôîϙſĖīīϙæôϙîôŜĖČIJôîϙťĺϙôƄèôôîϙťēôϙŘôŗŪĖŘôîϙŕôŘèôIJťÍČôϙĺċϙ īÍIJîŜèÍŕôϙÍŘôÍϙĖIJϙťēôϙ" ϙèĺîôŜϟ ϙ ϙ Íæīôϙ͕ϟϙ@ŘôôIJϙIIJċŘÍŜťŘŪèťŪŘôϙĺċϙťēôϙŘĺĤôèťϙĖťôϙ͖ϙÍŘôϙťēôϙŕôŘıĖťŜϙŘôŗŪĖŘôîϙċĺŘϙťēôϙŕŘĺŕĺŜôîϙŕŘĺĤôèťϟ ϙ ϙ ϙ ϙ ͐͒ϙ ϙ Íæīôϙ͖ϟϙôŗŪĖŘôîϙôŘıĖťŜϙÍIJîϙŕŕŘĺŽÍīŜϙċĺŘϙťēôϙŘĺŕĺŜôîϙŘĺĤôèť ϙ IJĖťϙĺċϙ@ĺŽôŘIJıôIJť ϙŕŕīĖèÍťĖĺIJϙƅŕô ϙťÍťŪŜ ϙ >ôîôŘÍī ϙϙϙ ϙϙϙ ťÍťô ϙϙϙ ϙϙϙ aĖIJIJôŜĺťÍϙĺīīŪťĖĺIJϙ ĺIJťŘĺīϙbÍťĖĺIJÍīϙĺīīŪťĖĺIJϙ"ĖŜèēÍŘČô ϙϙ ČôIJèƅϙϼa Ͻ ϙ(īĖıĖIJÍťĖĺIJϙƅŜťôıϙϼb"(Ͻ ϙϙ ÍIJĖťÍŘƅϙôſôŘϙ(ƄťôIJŜĖĺIJϙŕŕŘĺŽÍī ϙ aIJ"F ϙ®ÍťôŘϙôƄťôIJŜĖĺIJϙŕôŘıĖť ϙϙ [ĺèÍī ϙϙϙ ĖťƅϙĺċϙĺèēôŜťôŘ ϙ®ôťīÍIJîϙ ēôϙϙŘĺĤôèťϙĖťôϙèĺIJŜĖŜťŜϙĺċϙ͐͗͏ϙÍèŘôŜϟϙIIJϙ͑͏͏͓ϙťēôϙ@ôIJôŘÍīϙ"ôŽôīĺŕıôIJťϙīÍIJϙċĺŘϙ ťēôϙÍæŪťťĖIJČϙ͑͐͐ϙÍèŘôŜϙťĺϙťēôϙôÍŜťϙſÍŜϙÍŕŕŘĺŽôîϙÍIJîϙ͕͏ϙÍèŘôŜϙſôŘôϙÍIJIJôƄôîϙĖIJťĺϙťēôϙ ĖťƅϙĺċϙĺèēôŜťôŘϙÍIJîϙîôŽôīĺŕıôIJťϙĺċϙĖIJČīôϱċÍıĖīƅϙēĺıôŜϙŜťÍŘťôîϟϙ ϙ ϙ ŘĖĺŘϙťĺϙťēôϙŜťÍŘťϙĺċϙîôŽôīĺŕıôIJťϠϙťēôϙôIJťĖŘôϙôææīôϙ ŘôôħϙôèťĖĺIJϙ͐͒ϙīÍIJîϙſÍŜϙ îôŽôīĺŕôîϙťĺϙÍČŘĖèŪīťŪŘÍīϙŘĺſϙèŘĺŕϙŕŘĺîŪèťĖĺIJϟϙ ϙ ϙ ŪŘŘôIJťϙīÍIJîϙŪŜôϙŜŪŘŘĺŪIJîĖIJČϙôææīôϙ ŘôôħϙĖŜϙÍŜϙċĺīīĺſŜϡ ϙ x[ÍIJîϙŪŜôϙťĺϙťēôϙ®ôŜťϙÍIJîϙbĺŘťēϙĖŜϙČŘĖèŪīťŪŘÍīϙĖIJϙXÍīıÍŘϙĺſIJŜēĖŕϟ ϙ x[ÍIJîϙťĺϙťēôϙ®ôŜťϙĖŜϙîôŜĖČIJÍťôîϙċĺŘϙċŪťŪŘôϙīĺſϱîôIJŜĖťƅϙŘôŜĖîôIJťĖÍīϟ ϙ x[ÍIJîϙťĺϙťēôϙôÍŜťϙĖŜϙīĺſϙîôIJŜĖťƅϙŘôŜĖîôIJťĖÍīϙϼîôŽôīĺŕôîϙċĺŘϙŘôŜĖîôIJťĖÍīϙŪŜôϱϙ XĖIJČŜæŪŘƅϙFĖīīŜϽϟ ϙ x[ÍIJîϙŪŜôϙťĺϙťēôϙŜĺŪťēϙĖŜϙīĺſϙîôIJŜĖťƅϙŘôŜĖîôIJťĖÍīϙÍIJîϙÍČŘĖèŪīťŪŘÍīϟ ϙ ϙ ĖĖϥīÍIJŜϥϟ"ôŜèŘĖæôϟŕīÍIJIJôîϟīÍIJîϟŪŜôϟÍŜϟĖîôIJťĖƱôîϟĖIJϟ ĺıŕŘôēôIJŜĖŽôϟīÍIJϟЂĖċϟ ÍŽÍĖīÍæīôЃϟÍIJîϟÍIJĺťēôŘϟÍŕŕīĖèÍæīôϟŕīÍIJϟċĺŘϟīÍIJîϟŪŜôϦϟſÍťôŘϦϟĺŘϟŘôŜĺŪŘèôŜϟ ıÍIJÍČôıôIJťϟæƅϟīĺèÍīϦϟŘôČĖIJÍīϦϟŜťÍťôϦϟĺŘϟċôîôŘÍīϟÍČôIJèƅϥϟ ϙ ϙ ēôϙŘĺĤôèťϙĖťôϙĖŜϙîôŜĖČIJÍťôîϙċĺŘϙ͐͗͏ϙÍèŘôŜϙĺċϙīĺſϱîôIJŜĖťƅϙŘôŜĖîôIJťĖÍīϙŪŜôϙÍèèĺŘîĖIJČϙ ťĺϙťēôϙÍîĺŕťôîϙťēôϙ͑͏͐͗ϙ͑ϙ ĺıŕŘôēôIJŜĖŽôϙīÍIJϙ͑͏͓͏ϟϙ ĖťƅϙĖIJċŘÍŜťŘŪèťŪŘôϙĖŜϙ ÍŽÍĖīÍæīôϙťĺϙŜôŘŽôϙťēôϙŕīÍIJIJôîϙîôŽôīĺŕıôIJťϟϙiīıŜťôîϙ ĺŪIJťƅϙŘôèôIJťīƅϙŪŕČŘÍîôîϙ ĺŪIJťƅϙĺÍîϙ͓͓ϙÍīĺIJČϙťēôϙôÍŜťϙŜĖîôϙĺċϙťēôϙŘĺĤôèťϙĖťôϙſēĖèēϙĖŜϙÍϙaÍĤĺŘϙŘťôŘĖÍīϙ ĺÍîſÍƅϟ ϙ ēôϙŘĺĤôèťϙĖťôϙīĖôŜϙſĖťēĖIJϙťēôϙ ĖťƅϙĺċϙĺèēôŜťôŘϙbôÍŘϱϙôŘıϙ@ŘĺſťēϙaÍIJÍČôıôIJťϙ īÍIJϟϙēôϙŕŘĺŕĺŜôîϙŪŜôϙĺċϙťēôϙŜĖťôϙĖŜϙƏĺIJôîϙèĺIJŜĖŜťôIJťϙſĖťēϙťēôϙîôŜĖČIJÍťôîϙīÍIJîϙ ŪŜôϟ ϙ ϙ ĖĖĖϥ¾ĺIJĖIJČϦϟĖIJèīŪîĖIJČϟŜŕôèĖÍīϟîĖŜťŘĖèťŜϟĺŘϟĺŽôŘīÍƅŜϟŜŪèēϟÍŜϟŜēĺŘôīÍIJîϦϟƲĺĺîŕīÍĖIJϦϟ ſĖīîϟÍIJîϟŜèôIJĖèϟŘĖŽôŘŜϦϟèŘĖťĖèÍīϟÍŘôÍϦϟÍČŘĖèŪīťŪŘÍīϟŕŘôŜôŘŽôŜϦϟôťèϥ ϙ ϙ ¾ĺIJĖIJČϙĺċϙťēôϙŘĺĤôèťϙĖťôϙĖŜϙϱ͑ϙϼ[ĺſϙ"ôIJŜĖťƅϙıÍīīϙ[ĺťϽϙĖIJϙÍèèĺŘîÍIJèôϙſĖťēϙťēôϙ IJĖƱôîϙ"ôŽôīĺŕıôIJťϙ ĺîôϙċĺŘϙťēôϙ ĖťƅϙĺċϙĺèēôŜťôŘϟϙēôϙƏĺIJĖIJČϙſÍŜϙŘôèôIJťīƅϙ ŪŕîÍťôîϙſĖťēϙťēôϙIJIJôƄÍťĖĺIJϙôŗŪôŜťϙÍIJîϙĖŜϙèĺIJŜĖŜťôIJťϙſĖťēϙťēôϙīÍIJîϙŪŜôϟ ϙ ϙ ēôŘôϙÍŘôϙIJĺϙ®ĖīîϙĺŘϙèôIJĖèϙŘĖŽôŘŜϙèŘĖťĖèÍīϙÍŘôÍŜϠϙĺŘϙÍČŘĖèŪīťŪŘÍīϙŕŘôŜôŘŽÍťĖĺIJϙĺIJϙĺŘϙ IJôÍŘϙťēôϙŘĺĤôèťϙĖťôϟϙ ϙ ϙ ĖŽϥIċϟÍIJƅϟèŘĖťĖèÍīϟċÍèĖīĖťĖôŜϟЂĖϥôϥϟċÍèĖīĖťĖôŜϟIJôèôŜŜÍŘƅϟċĺŘϟŕŪæīĖèϟēôÍīťēϟÍIJîϟŜÍċôťƅϦϟ ťēĺŜôϟŜťĺŘĖIJČϟēÍƏÍŘîĺŪŜϟıÍťôŘĖÍīŜϦϟĺŘϟťēĺŜôϟſĖťēϟēĺŪŜĖIJČϟĺèèŪŕÍIJťŜϟſēĺϟ ıÍƅϟæôϟĖIJŜŪƯĖèĖôIJťīƅϟıĺæĖīôЃϟÍŘôϟŕŘĺŕĺŜôîϟĖIJϟƲĺĺîŕīÍĖIJϟÍŘôÍŜϟÍIJîϟĺťēôŘϟ ÍŘôÍŜϟĖîôIJťĖƱôîϟÍŜϟÍťϟŘĖŜħϟċĺŘϟīĺèÍīĖƏôîϟƲĺĺîĖIJČϦϟîôŜèŘĖæôϟťēôϟŘĖŜħϟŕĺťôIJťĖÍīϟ èĺIJŜĖîôŘĖIJČϟèēÍIJČĖIJČϟŕŘôèĖŕĖťÍťĖĺIJϟÍIJîϟôŽôIJϟĖIJťôIJŜĖťƅϥ ϙ ϙ ͔͐ϙ ϙ ēôϙŘĺĤôèťϙĖťôϙîĺôŜϙIJĺťϙīĖôϙſĖťēĖIJϙÍϙîôŜĖČIJÍťôîϙ>(aϙƲĺĺîϙŕīÍĖIJϙÍŘôÍϟϙēôϙŕŘĖıÍŘƅϙ ôƄĖŜťĖIJČϙîŘÍĖIJÍČôſÍƅϙĖŜϙaĖIJIJĺſϙ ŘôôħϙſēĖèēϙƲĺſŜϙċŘĺıϙŜĺŪťēϙťĺϙIJĺŘťēϙÍīĺIJČϙťēôϙ 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ŜťĺŘıſÍťôŘϙıÍIJÍČôıôIJťϙĺċϙťēôϙŜĖťôϙĖIJèĺŘŕĺŘÍťôϙÍϙIJôťϙîôèŘôÍŜôϙĖIJϙťēôϙŕôÍħϙŘŪIJĺƯϙ îĖŘôèťôîϙťĺϙaĖIJIJĺſϙ ŘôôħϙťĺϙıĖťĖČÍťôϙċĺŘϙîĺſIJŜťŘôÍıϙîôťôŘĖĺŘÍťĖĺIJϙĺċϙťēôϙôƄĖŜťĖIJČϙ îŘÍĖIJÍČôſÍƅϟ ϙ æϥ"ĖŜèŪŜŜϟťēôϟŕŘĺĤôèťϟèĺıŕÍťĖæĖīĖťƅϟſĖťēϟIJôÍŘæƅϟīÍIJîϟŪŜôŜϦϟƏĺIJĖIJČϦϟÍIJîϟŕīÍIJŜϟīĖŜťôîϟĖIJϟ ĖťôıŜϟ͞ÍϟÍæĺŽôϦϟèĺIJèôIJťŘÍťĖIJČϟĺIJϟĖıŕīĖèÍťĖĺIJŜϟċĺŘϟôIJŽĖŘĺIJıôIJťÍīϟôƯôèťŜϥ ϙ ēôϙīÍIJîϙŪŜôϙĺċϙťēôϙŘĺĤôèťϙĖťôϙĖŜϙīĺſϙîôIJŜĖťƅϙŘôŜĖîôIJťĖÍīϟϙēôϙôƄĖŜťĖIJČϙīÍIJîϙŪŜôϙ îôŜĖČIJÍťĖĺIJϙċĺŘϙťēôϙôÍŜťϙĺċϙ ϙϭ͓͓ϙÍIJîϙſôŜťϙĺċϙ ϙϭ͔͐͗ϙĖŜϙÍīŜĺϙīĺſϱîôIJŜĖťƅϙ ŘôŜĖîôIJťĖÍīϙſēĖèēϙĖŜϙèĺıŕÍťĖæīôϙſĖťēϙťēôϙīÍIJîϙŪŜôϙĺċϙťēôϙŘĺĤôèťϟϙēôϙƏĺIJĖIJČϙĺċϙťēôϙ ŘĺĤôèťϙĖťôϙĖŜϙϱ͑ϙſēĖèēϙÍŘôϙÍīŜĺϙèĺıŕÍťĖæīôϙſĖťēϙťēôϙÍîĤÍèôIJťϙƏĺIJĖIJČϟϙ[ÍIJîŜϙťĺϙťēôϙ IJĺŘťēϙÍŘôϙIJĺťôîϙĺIJϙťēôϙ[ÍIJîϙŜôϙīÍIJϙÍŜϙ[ĺſϙ"ôIJŜĖťƅϠϙēĺſôŽôŘϠϙƏĺIJĖIJČϙēÍŜϙIJĺťϙæôôIJϙ ÍŜŜĖČIJôîϟ ϙ èϥIîôIJťĖċƅϟıôÍŜŪŘôŜϟĖIJèĺŘŕĺŘÍťôîϟĖIJťĺϟťēôϟŕŘĺŕĺŜôîϟŕŘĺĤôèťϟťĺϟıĖťĖČÍťôϟÍIJƅϟŕĺťôIJťĖÍīϟ ĖIJèĺıŕÍťĖæĖīĖťƅϟÍŜϟîĖŜèŪŜŜôîϟĖIJϟIťôıϟ͖͕æϟÍæĺŽôϟÍIJîϟÍIJƅϟŘĖŜħϟŕĺťôIJťĖÍīϥϟ ϙ ϙ bĺϙĖIJèĺıŕÍťĖæĖīĖťĖôŜϙēÍŜϙæôôIJϙĖîôIJťĖƱôîϟ ϙ ϙ ͐͐ϟ@(i[i@´ϠϙiI[Ϡϙb"ϙii@F´ϯ[b"ϙ>ia ϙ Íϥ@ôĺīĺČƅϟϹϟ"ôŜèŘĖæôϟťēôϟČôĺīĺČƅϟŪIJîôŘīƅĖIJČϟťēôϟŕŘĺĤôèťϟÍŘôÍϟÍIJîϟĖîôIJťĖċƅϟÍIJîϟıÍŕϟ ÍIJƅϟŜŪŜèôŕťĖæīôϟČôĺīĺČĖèϟċôÍťŪŘôŜϟŜŪèēϟÍŜϟŜĖIJħēĺīôŜϦϟŜēÍīīĺſϟīĖıôŜťĺIJôϟċĺŘıÍťĖĺIJŜϦϟ ŪIJèĺIJƱIJôîϵŜēÍīīĺſϟÍŗŪĖċôŘŜϦϟĺŘϟħÍŘŜťϟèĺIJîĖťĖĺIJŜϥϟ"ĖŜèŪŜŜϟÍIJƅϟīĖıĖťÍťĖĺIJŜϟĺċϟťēôŜôϟ ċôÍťŪŘôŜϟċĺŘϟťēôϟŕŘĺĤôèťϟÍIJîϟÍIJƅϟôƯôèťŜϟťēôϟŕŘĺĤôèťϟèĺŪīîϟēÍŽôϟĺIJϟťēôŜôϟċôÍťŪŘôŜϥϟ IîôIJťĖċƅϟÍIJƅϟŕŘĺĤôèťϟîôŜĖČIJŜϟĺŘϟıĖťĖČÍťĖĺIJϟıôÍŜŪŘôŜϟťĺϟÍîîŘôŜŜϟôƯôèťŜϟĺIJϟČôĺīĺČĖèϟ ċôÍťŪŘôŜϥ ϟ ϙ ēôϙŜĖťôϙÍŘôÍϙĖŜϙıÍŕŕôîϙÍŜϙæôĖIJČϙŪIJîôŘīÍĖIJϙŕŘĖıÍŘĖīƅϙæƅϙÍīīŪŽĖŪıϠϙťĖīīϠϙÍIJîϙťôŘŘÍèôϙ îôŕĺŜĖťŜϙſĖťēϙÍϙťēĖIJϙèĺŽôŘĖIJČϙĺċϙīĺôŜŜϙĺŽôŘϙÍϙæŪŘĖôîϙæôîŘĺèħϙŽÍīīôƅϙſēĖèēϙĖŜϙ ͕͐ϙ ϙ ŪIJîôŘīÍĖIJϙæƅϙťēôϙèÍŘæĺIJÍťôϙæôîŘĺèħϙĺċϙťēôϙŘÍĖŘĖôϙîŪϙ ēĖôIJϙ>ĺŘıÍťĖĺIJϠϙÍIJîϙťēôϙťϟϙ ôťôŘϙÍIJîŜťĺIJôϠϙÍIJîϙťēôϙ"ôèĺŘÍēϙēÍīôϟϙēôŜôϙæôîŘĺèħϙċĺŘıÍťĖĺIJŜϙÍŘôϙîôôŕôŘϙ ťēÍIJϙ͑͏ϙċôôťϙæôīĺſϙťēôϙČŘĺŪIJîϙŜŪŘċÍèôϙÍIJîϙŘÍIJČôϙċŘĺıϙ͑͏ϙċôôťϙťĺϙ͑͏͏ϙċôôťϟϙ ϙ ϙ ēôϙiīıŜťôîϙ ĺŪIJťƅϙ@ôĺīĺČĖèÍīϙťīÍŜϠϙôIJŜĖťĖŽĖťƅϙťĺϙ@ŘĺŪIJîϙ®ÍťôŘϙƅŜťôıϙťĺϙ ĺīīŪťĖĺIJϠϙīÍťôϙ͕ϠϙŜēĺſŜϙťēôϙŕŘĺŕôŘťƅϙÍŜϙēÍŽĖIJČϙŘÍIJČôŜϙĺċϙ[i®ϙťĺϙ[i®ϱai"((ϙ ťĺϙFI@Fϱai"((ϙŜôIJŜĖťĖŽĖťƅϙťĺϙŜŪæŜŪŘċÍèôϙÍIJîϙČŘĺŪIJîſÍťôŘϙèĺIJťÍıĖIJÍťĖĺIJϟϙ aĺŜťϙĺċϙťēôϙŕŘĺŕôŘťƅϙīĖôŜϙſĖťēĖIJϙťēôϙ[i®ϙťĺϙ[i®ϱai"((ϙŜôIJŜĖťĖŽĖťƅϙŘÍťĖIJČϙÍŘôÍŜϙ ſēĖèēϙèĺIJťÍĖIJϙÍŘôÍŜϙĖIJϙſēĖèēϙèĺIJťÍıĖIJÍIJťŜϙſĖīīϙŘôŗŪĖŘôϙÍϙîôèÍîôϙĺŘϙīĺIJČôŘϙťĺϙŘôÍèēϙ ťēôϙſÍťôŘϙťÍæīôϟ ϙ ϙ ēôϙaĖIJIJôŜĺťÍϙ@ôĺīĺČĖèÍīϙŪŘŽôƅϙīĖŜťŜϙŜĖIJħēĺīôϙŕŘĺæÍæĖīĖťƅϙĺċϙťēôϙŜĖťôϙťĺϙæôϙ[ĺſϙÍIJîϙ [ĺſϱaĺîôŘÍťôϙÍIJîϙIJĺϙŜĖIJħēĺīôŜϙēÍŽôϙæôôIJϙĺæŜôŘŽôîϙĖIJϙťēôϙŽĖèĖIJĖťƅϙĺċϙťēôϙŜĖťôϟϙIIJϙ iīıŜťôîϙ ĺŪIJťƅϙťēôŘôϙēÍŽôϙæôôIJϙŽôŘƅϙċôſϙŜĖIJħēĺīôŜϙĺæŜôŘŽôîϙſēôŘôϙťēôŘôϙÍŘôϙ͔͏ϙ ċôôťϙĺŘϙıĺŘôϙĺċϙèĺŽôŘϙĺŽôŘϙťēôϙæôîŘĺèħϟϙbĺϙŜĖIJħēĺīôŜϙĺŘϙèÍŽôŜϙēÍŽôϙæôôIJϙĺæŜôŘŽôîϙ ĺŘϙŘôèĺŘîôîϙĺIJϙťēôϙŕŘĺŕôŘťƅϙĺŘϙĺIJϙÍîĤÍèôIJťϙŕŘĺŕôŘťƅϟϙēôϙIJôÍŘôŜťϙŘôèĺŘîôîϙ ŜĖIJħēĺīôŜϙÍŘôϙČŘôÍťôŘϙťēÍIJϙ͒ϙıĖīôŜϙIJĺŘťēôÍŜťϙÍIJîϙŜĺŪťēôÍŜťϙĺċϙťēôϙŜĖťôϟϙôîϟťĺϟ ŜĺĖīŜϟÍIJîϟťĺŕĺČŘÍŕēƅϥϟIîôIJťĖċƅϟıôÍŜŪŘôŜϟîŪŘĖIJČϟÍIJîϟÍċťôŘϟŕŘĺĤôèťϟèĺIJŜťŘŪèťĖĺIJϟťĺϟ ÍîîŘôŜŜϟŜĺĖīϟīĖıĖťÍťĖĺIJŜϟĖIJèīŪîĖIJČϟŜťÍæĖīĖƏÍťĖĺIJϦϟŜĺĖīϟèĺŘŘôèťĖĺIJŜϟĺŘϟĺťēôŘϟıôÍŜŪŘôŜϥϟ (ŘĺŜĖĺIJϵŜôîĖıôIJťÍťĖĺIJϟèĺIJťŘĺīϟŘôīÍťôîϟťĺϟŜťĺŘıſÍťôŘϟŘŪIJĺƯϟŜēĺŪīîϟæôϟÍîîŘôŜŜôîϟĖIJϟ ŘôŜŕĺIJŜôϟťĺϟIťôıϟ͖͗ϥæϥĖĖϥ ϟ ĺIJŜťŘŪèťĖĺIJϙÍIJîϙîôŽôīĺŕıôIJťϙĺċϙťēôϙŕŘĺĤôèťϙſĖīīϙIJĺťϙĖıŕÍèťϙťēôϙŜťÍťĖèϙſÍťôŘϙťÍæīôϙ æÍŜôîϙĺIJϙťēôϙŜĺĖīϙæĺŘĖIJČŜϙŕôŘċĺŘıôîϙæƅϙ ĺIJŜťŘŪèťĖĺIJϙÍèťĖŽĖťĖôŜϠϙŜŪèēϙÍŜϙŜĖťôϙČŘÍîĖIJČϠϙſĖīīϙŘôŗŪĖŘôϙôŘĺŜĖĺIJϙèĺIJťŘĺīŜϙťĺϙæôϙ ĖIJŜťÍīīôîϙŕŘĖĺŘϙťĺϙèĺııôIJèôıôIJťϙĺċϙſĺŘħϟϙēôϙôŘĺŜĖĺIJϙèĺIJťŘĺīϙıôÍŜŪŘôŜϙÍŘôϙ îĖèťÍťôîϙĖIJϙťēôϙťĺŘıϙ®ÍťôŘϙĺīīŪťĖĺIJϙŘôŽôIJťĖĺIJϙīÍIJϙϼ®ϽϙſēĖèēϙıŪŜťϙæôϙ èĺıŕīôťôîϙŕŘĖĺŘϙťĺϙèĺııôIJèôıôIJťϙĺċϙèĺIJŜťŘŪèťĖĺIJϟϙ ϙ iIJèôϙČŘÍîĖIJČϙÍèťĖŽĖťĖôŜϙÍŘôϙèĺıŕīôťôîϙÍIJîϙťŪŘċϙĖŜϙôŜťÍæīĖŜēôîϙĖťϙŕŘôŽôIJťŜϙôŘĺŜĖĺIJϙ ċŘĺıϙĺèèŪŘŘĖIJČϟ ϙ ēôϙƱIJÍīϙŕīÍIJŜϙſĖīīϙĖîôIJťĖċƅϙĖċϙŜĺĖīϙèĺŘŘôèťĖĺIJϙĖŜϙIJôôîôîϙċĺŘϙæŪĖīîĖIJČϙŜťŘôôťŜϙĺŘϙēĺŪŜôϙ ŕÍîŜϟ ϙ ϙ ϙ ϙ ϙ ϙ Íæīôϙ͗ϙĺĖīϙ īÍŜŜĖƱèÍťĖĺIJŜϙĺIJϙťēôϙŘĺĤôèťϙĖťô ϙ ҇ϙĺċϙŘĺĤôèťϙFƅîŘĖèϙFƅîŘĖèϙ>ÍŘıīÍIJîϙ ƅıæĺī ϙĺĖīϙbÍıô ϙ Ėťô ϙÍťĖIJČ ϙ ÍťôČĺŘƅ ϙ ÍťôČĺŘƅ ϙ ͘͘ ϙÍèĖIJôϙŜĖīťϙīĺÍıϠϙ͕ϙ͖ϟ͔͏҇ϙ͏ϙ b ϙ>ÍŘıīÍIJîϙĺċϙ ťĺϙ͐͑ϙŕôŘèôIJťϙŜīĺŕôŜ ϙťÍťôſĖîôϙ IıŕĺŘťÍIJèô ϙ ͘͘"͑ϙÍèĖIJôϙīĺÍıϠϙ͐͑ϙťĺϙ͏ϟ͏͏҇ϙ͏ϙ b ϙ bĺťϙŘĖıôϙ ͐͗ϙŕôŘèôIJťϙŜīĺŕôŜϠϙ>ÍŘıīÍIJî ϙ ôŘĺîôî ϙ ͖͕͐ϙ @ÍŘſĖIJϙŜĖīťƅϙèīÍƅϙ͘ϟ͘͏҇ϙ͔͘ϙ´ϙŘĖıôϙ īĺÍı ϙ>ÍŘıīÍIJîϙĖċϙ "ŘÍĖIJôî ϙ ͑͏͒ϙ VĺƅϙŜĖīťϙīĺÍıϠϙ͐ϙťĺϙ͓ϙ͏ϟ͐͏҇ϙ͔͐ϙ b ϙīīϙÍŘôÍŜϙÍŘôϙ ŕôŘèôIJťϙŜīĺŕôŜ ϙŘĖıôϙ >ÍŘıīÍIJî ϙ ͒͑͑"͑ϙĖıŪīÍϙŜĖīťϙīĺÍıϠϙ͐͑ϙ͏ϟ͘͏҇ϙ͏ϙ b ϙ bĺťϙŘĖıôϙ ťĺϙ͑͏ϙŕôŘèôIJťϙ>ÍŘıīÍIJî ϙ ŜīĺŕôŜϠϙıĺîôŘÍťôīƅϙ ôŘĺîôî ϙ ͒͒͒ϙ«ÍŜÍϙŜĖīťϙīĺÍı ϙ͘ϟ͏͏҇ϙ͏ϙ b ϙīīϙÍŘôÍŜϙÍŘôϙ ŘĖıôϙ >ÍŘıīÍIJî ϙ ͕͒͘ ͓͖͖IJîϙŘôŕīÍèôıôIJťϙŕīÍIJϙÍŘôϙæôĖIJČϙŕŘôŕÍŘôîϙæôèÍŪŜôϙĺċϙ ťēôϙťĖıôϙīÍŕŜôϙċŘĺıϙťēôϙiŘĖČĖIJÍīϙ"ôīĖIJôÍťĖĺIJϟ ϙ ͐͘ϙ ϙ ϙ Íæīôϙ͘ϙĖŜϙÍϙťÍæŪīÍťĖĺIJϙĺċϙ®ôťīÍIJîϙťƅŕôŜϠϙŜĖƏôϠϙÍIJîϙīĺèÍťĖĺIJϙċŘĺıϙťēôϙĺŘĖČĖIJÍīϙ ®ôťīÍIJîϙîôīĖIJôÍťĖĺIJϟϙÍæīôϙ͘ϙſĖīīϙæôϙŪŕîÍťôîϙĺIJèôϙťēôϙ͑͏͔͑ϙ®ôťīÍIJîϙîôīĖIJôÍťĖĺIJϙĖŜϙ ÍŕŕŘĺŽôîϟ ϙ ϙ >ĖČŪŘôϙ͔ ϙÍæīôϙ͐͏ϟϙ"ĺıôŜťĖèϙ®ÍťôŘϙ®ôīīŜϙīĺèÍťôîϙ͏ϟ͔ϙaĖīôŜϙċŘĺıϙťēôϙŘĺĤôèťϙĖťô ϙ (ŜťĖıÍťôîϙ "ĖŜťÍIJèôϙťĺϙ "ôŕťēϙťĺϙ ŘĺĤôèťϙĖťôϙ ŪŘċÍèôϙ ÍŜôîϙťÍťĖèϙ ®ôīīϙbĺϟ ϙŜô ϙ"ôŕťēϙϼċťϽ ϙŗŪĖċôŘ ϙ ϼċťϽ ϙ (īôŽÍťĖĺIJ ϙ"ôŕťēϙϼċťϽ ϙ®ÍťôŘϙ [ôŽôīϙϼċťϽ ϙ æŪťťĖIJČϙťĺϙ ͐͏͏͏͏͐͐ ťēôϙŜĺŪťē ϙ ͖͕͐ϙ͐͑͐͏ϙ"ϙ͔͑͏ϙ bŪīī ϙ IJŪīī ϙ IJŪīī ϙ ϙ æŪťťĖIJČϙťĺϙ ťēôϙĺŪťē ϙ æŪťťĖIJČϙťĺϙ ͐͏͏͏͏͔͐ ŜĺŪťēϙÍèŘĺŜŜϙ ͕͕͒ϙ «ÍīīôƅϙFĖČē ϙ ͐͏͏͏͏͒͒͐͑͐͐ϙ"ϙ͕͑͏ϙ IJŪīī ϙ IJŪīī ϙ IJŪīī ϙ æŪťťĖIJČϙťĺϙ ͏͑͑ϙ ťēôϙôÍŜťϙ ͕͔͐͒͑͐ϙ ÍèŘĺŜŜϙ͕͏ťē ϙ ϙ ϙ ϙēôŘôϙÍŘôϙťſĺϙſôīīŜϙſĖťēĖIJϙťēôϙŜĖťôϙťēÍťϙÍŘôϙŘôČĖŜťôŘôîϙĺIJϙťēôϙaĖIJIJôŜĺťÍϙ®ôīīϙIIJîôƄϙ ϼ>ĖČŪŘôϙ͘Ͻϟ ϙ ϙ ēŘôôϙÍæŪťťĖIJČϙēĺŪŜôēĺīîŜϙťĺϙťēôϙŜĺŪťēϙÍIJîϙĺIJôϙÍæŪťťĖIJČϙēĺŪŜôēĺīîϙĺIJϙťēôϙôÍŜťϙÍŘôϙ īĖŜťôîϙĺIJϙťēôϙiīıŜťôîϙ ĺŪIJťƅϙ®ôīīϙIIJîôƄϟϙēôϙťēŘôôϙſôīīŜϙťĺϙťēôϙŜĺŪťēϙīĺèÍťôîϙÍīĺIJČϙ «ÍīīôƅϙFĖČēϙîϙb®ϙÍīīϙēÍŽôϙſôīīŜϙťēÍťϙÍŘôϙıĺŘôϙťēÍIJϙ͔͏ϙƅôÍŘŜϙĺīîϠϙŕŘôîÍťĖIJČϙťēôϙ aĖIJIJôŜĺťÍϙ®ôīīϙ ĺîôϟϙēôŘôϙÍŘôϙIJĺϙČĺĺîϙīĺČŜϙĺŘϙŜťŘÍťĖČŘÍŕēĖèϙîôťÍĖīŜϙĺťēôŘϙťēÍIJϙťēôϙ īĺèÍťĖĺIJϠϙôīôŽÍťĖĺIJϠϙÍIJîϙîôŕťēϟϙŘôϱèĺîôϙſôīīŜϙîŘĖīīôîϙæôċĺŘôϙ͖͔͐͘ϙſôŘôϙIJĺťϙŘôŗŪĖŘôîϙ ťĺϙŘôČĖŜťôŘϙîŘĖīīĖIJČϙĺŘϙèĺıŕīôťĖĺIJϙŘôèĺŘîŜϟ ϙ ϙ ϙiIJôϙŕŘĖŽÍťôϙîĺıôŜťĖèϙſôīīϙīĺèÍťôîϙÍèŘĺŜŜϙ͕͏ťēϙŽôIJŪôϙťĺϙťēôϙôÍŜťϠϙIJϙϭϙ͕͔͐͒͑͐ϱ XĖIJČŜæŪŘƅϙϼ>ĖČŪŘôϙ͘ϽϙĖŜϙ͒͏͏ϙċôôťϙîôôŕϙÍIJîϙēÍŜϙ͑͏͕ϙċôôťϙĺċϙČīÍèĖÍīϙŜôîĖıôIJťŜϙĺŽôŘīƅĖIJČϙ ťēôϙŘÍĖŘĖôϙîŪϙ ēôĖIJϙÍŗŪĖċôŘϟϙēôϙŜťÍťĖèϙſÍťôŘϙīôŽôīϙĖIJϙťēôϙXĖIJČŜæŪŘƅϙſôīīϙĖŜϙÍťϙÍIJϙ ôīôŽÍťĖĺIJϙĺċϙ͐Ϡ͐͐͗ϙÍťϙÍϙîôŕťēϙĺċϙ͖͐͗ϙċôôťϟ ϙ (īôŽôIJϙĺťēôŘϙîĺıôŜťĖèϙſôīīŜϙÍŘôϙſĖťēĖIJϙĺIJôϱēÍīċϙıĖīôϙĺċϙťēôϙŜĖťôϙϼ>ĖČŪŘôϙ͘ϽϟϙēôŘôϙÍŘôϙ IJĺϙēĖČēϱŽĺīŪıôϙèĺııŪIJĖťƅϙſÍťôŘϙſôīīŜϠϙÍČŘĖèŪīťŪŘÍīϙſôīīŜϠϙĺŘϙ ĖIJîŪŜťŘĖÍīϯèĺııôŘèĖÍīϙſÍťôŘϙſôīīŜϙĺIJϙťēôϙŜĖťôϙĺŘϙſĖťēĖIJϙΫϙıĖīôŜϟ ϙ æϥ"ôŜèŘĖæôϟôƯôèťŜϟċŘĺıϟŕŘĺĤôèťϟÍèťĖŽĖťĖôŜϟĺIJϟſÍťôŘϟŘôŜĺŪŘèôŜϟÍIJîϟıôÍŜŪŘôŜϟťĺϟ ıĖIJĖıĖƏôϟĺŘϟıĖťĖČÍťôϟťēôϟôƯôèťŜϟĖIJϟIťôıϟæĖϟťēŘĺŪČēϟIťôıϟæĖŽϟæôīĺſϥ ϟ Ėϟ®ÍŜťôſÍťôŘϟϹϟ>ĺŘϟôÍèēϟĺċϟťēôϟċĺīīĺſĖIJČϦϟîôŜèŘĖæôϟťēôϟŜĺŪŘèôŜϦϟŗŪÍIJťĖťĖôŜϟÍIJîϟ èĺıŕĺŜĖťĖĺIJϟĺċϟÍīīϟŜÍIJĖťÍŘƅϦϟıŪIJĖèĖŕÍīϵîĺıôŜťĖèϦϟÍIJîϟĖIJîŪŜťŘĖÍīϟſÍŜťôſÍťôŘϟ ŕŘĺîŪèôîϟĺŘϟťŘôÍťôîϟÍťϟťēôϟĖťôϥ ϙ ͐ϟ IċϟťēôϟſÍŜťôſÍťôŘϟîĖŜèēÍŘČôϟĖŜϟťĺϟÍϟŕŪæīĖèīƅϟĺſIJôîϟťŘôÍťıôIJťϟċÍèĖīĖťƅϦϟ ĖîôIJťĖċƅϟÍIJƅϟŕŘôťŘôÍťıôIJťϟıôÍŜŪŘôŜϟÍIJîϟťēôϟÍæĖīĖťƅϟĺċϟťēôϟċÍèĖīĖťƅϟťĺϟ ͑͐ϙ ϙ ēÍIJîīôϟťēôϟÍîîôîϟſÍťôŘϟÍIJîϟſÍŜťôϟīĺÍîĖIJČŜϦϟĖIJèīŪîĖIJČϟÍIJƅϟôƯôèťϟĺIJϦϟ ĺŘϟŘôŗŪĖŘôîϟôƄŕÍIJŜĖĺIJϟĺċϦϟıŪIJĖèĖŕÍīϟſÍŜťôſÍťôŘϟĖIJċŘÍŜťŘŪèťŪŘôϥ ϙ ϙϙ ēôϙŘĺĤôèťϙĖťôϙſĖīīϙæôϙŜôŘŽôîϙæƅϙÍϙıŪIJĖèĖŕÍīϙŜÍIJĖťÍŘƅϙŜôſôŘϙŜƅŜťôıϙċŘĺıϙÍIJϙ ôƄťôIJŜĖĺIJϙĺċϙôƄĖŜťĖIJČϙŜôſôŘϙıÍĖIJŜϙīĺèÍťôîϙÍîĤÍèôIJťϙťĺϙťēôϙŘĺĤôèťϙĖťôϙÍIJîϙċŘĺıϙÍϙ IJôſϙČŘÍŽĖťƅϙŜŪæϱťŘŪIJħϙôƄťôIJŜĖĺIJϙċŘĺıϙťēôϙôƄĖŜťĖIJČϙŜÍIJĖťÍŘƅϙŜôſôŘϙŜƅŜťôıϙôÍŜťϙĺċϙ ĺŪIJťƅϙĺÍîϙ͓͓ϟ ϙ ϙ ēôϙ®ÍŜťôſÍťôŘϙîĖŜèēÍŘČôϙċŘĺıϙťēôϙIJôſϙîôŽôīĺŕıôIJťϠϙôŜťĖıÍťôîϙťĺϙČôIJôŘÍťôϙÍϙƲĺſϙ ĺċϙ͖͒Ϡ͐͏͏ϙČŕîϠϙſĖīīϙæôϙŘĺŪťôîϙťēŘĺŪČēϙťēôϙ ĖťƅЍŜϙŜÍIJĖťÍŘƅϙŜôſôŘϙŜƅŜťôıϙťĺϙťēôϙ ĖťƅЍŜϙ ®ÍťôŘϙôèīÍıÍťĖĺIJϙīÍIJťϟϙēôϙŜÍIJĖťÍŘƅϙŜôſôŘϙŜƅŜťôıϙĖIJϙĺèēôŜťôŘϙèĺIJŜĖŜťŜϙĺċϙ ŜÍIJĖťÍŘƅϙŜôſôŘϙıÍĖIJŜϠϙīĖċťϙŜťÍťĖĺIJŜϠϙÍIJîϙťēôϙ®ÍťôŘϙôèīÍıÍťĖĺIJϙīÍIJťϠϙſēĖèēϙĖŜϙÍϙ ſÍŜťôſÍťôŘϙťŘôÍťıôIJťϙŕīÍIJťϟ ϙ ϙ ēôϙĺèēôŜťôŘϙ®ÍťôŘϙôèīÍıÍťĖĺIJϙīÍIJťϙèĺIJŜĖŜťŜϙĺċϙťſĺϙŕÍŘÍīīôīϙŜƅŜťôıŜϙĖIJèīŪîĖIJČϙ FĖČēϙŪŘĖťƅϙiƄƅČôIJϙīÍIJťϙÍIJîϙôŘÍťĖĺIJϙϟŕŘĺĤôèťϥϟ ĺIJŜĖîôŘϟťēôϟôƯôèťŜϟĺċϟèŪŘŘôIJťϟ aĖIJIJôŜĺťÍϟèīĖıÍťôϟťŘôIJîϟÍIJîϟÍIJťĖèĖŕÍťôîϟèēÍIJČôŜϟĖIJϟŘÍĖIJċÍīīϟ ċŘôŗŪôIJèƅϦϟĖIJťôIJŜĖťƅϟÍIJîϟÍıĺŪIJťϟſĖťēϟťēĖŜϟîĖŜèŪŜŜĖĺIJϥϟ ϟ ϙ ͑͑ϙ ϙ ®ÍŜťôſÍťôŘϙſĖīīϙIJĺťϙæôϙîĖŜèēÍŘČôîϙťĺϙÍϙŜŪæŜŪŘċÍèôϙŜôſÍČôϙťŘôÍťıôIJťϙŜƅŜťôıϙ ϼϽϟ ϙ ϙ ͒ϟ IċϟťēôϟſÍŜťôſÍťôŘϟîĖŜèēÍŘČôϟĖŜϟťĺϟŜŪŘċÍèôϟſÍťôŘϦϟĖîôIJťĖċƅϟťēôϟ ſÍŜťôſÍťôŘϟťŘôÍťıôIJťϟıôťēĺîŜϟÍIJîϟĖîôIJťĖċƅϟîĖŜèēÍŘČôϟŕĺĖIJťŜϟÍIJîϟ ŕŘĺŜôîϟôƯīŪôIJťϟīĖıĖťÍťĖĺIJŜϟťĺϟıĖťĖČÍťôϟĖıŕÍèťŜϥϟ"ĖŜèŪŜŜϟÍIJƅϟôƯôèťŜϟ ťĺϟŜŪŘċÍèôϟĺŘϟČŘĺŪIJîſÍťôŘϟċŘĺıϟſÍŜťôſÍťôŘϟîĖŜèēÍŘČôŜϦϟťÍħĖIJČϟĖIJťĺϟ èĺIJŜĖîôŘÍťĖĺIJϟēĺſϟèŪŘŘôIJťϟaĖIJIJôŜĺťÍϟèīĖıÍťôϟťŘôIJîŜϟÍIJîϟÍIJťĖèĖŕÍťôîϟ èīĖıÍťôϟèēÍIJČôϟĖIJϟťēôϟČôIJôŘÍīϟīĺèÍťĖĺIJϟĺċϟťēôϟŕŘĺĤôèťϟıÍƅϟĖIJƲŪôIJèôϟ ťēôϟôƯôèťŜϥ ϙ ϙ ®ÍŜťôſÍťôŘϙſĖīīϙIJĺťϙæôϙîĖŜèēÍŘČôîϙťĺϙťēôϙŜŪŘċÍèôϟϙ ϙ ϙ ĖĖϥťĺŘıſÍťôŘϟϹϟîôŜèŘĖæôϟèēÍIJČôŜϟĖIJϟŜŪŘċÍèôϟēƅîŘĺīĺČƅϟŘôŜŪīťĖIJČϟċŘĺıϟèēÍIJČôϟ ĺċϟīÍIJîϟèĺŽôŘϥϟ"ôŜèŘĖæôϟťēôϟŘĺŪťôŜϟÍIJîϟŘôèôĖŽĖIJČϟſÍťôŘϟæĺîĖôŜϟċĺŘϟŘŪIJĺƯϟċŘĺıϟ ťēôϟŘĺĤôèťϟĖťôϟЂıÍĤĺŘϟîĺſIJŜťŘôÍıϟſÍťôŘϟæĺîĖôŜϟÍŜϟſôīīϟÍŜϟťēôϟĖııôîĖÍťôϟ ŘôèôĖŽĖIJČϟſÍťôŘŜЃϥϟ"ĖŜèŪŜŜϟôIJŽĖŘĺIJıôIJťÍīϟôƯôèťŜϟċŘĺıϟŜťĺŘıſÍťôŘϟ îĖŜèēÍŘČôŜϟĺIJϟŘôèôĖŽĖIJČϟſÍťôŘŜϟŕĺŜťϟèĺIJŜťŘŪèťĖĺIJϟĖIJèīŪîĖIJČϟēĺſϟťēôϟŕŘĺĤôèťϟ ſĖīīϟÍƯôèťϟŘŪIJĺƯϟŽĺīŪıôϦϟîĖŜèēÍŘČôϟŘÍťôϟÍIJîϟèēÍIJČôϟĖIJϟŕĺīīŪťÍIJťŜϥϟ ĺIJŜĖîôŘϟ ťēôϟôƯôèťŜϟĺċϟèŪŘŘôIJťϟaĖIJIJôŜĺťÍϟèīĖıÍťôϟťŘôIJîŜϟÍIJîϟÍIJťĖèĖŕÍťôîϟèēÍIJČôŜϟĖIJϟ ŘÍĖIJċÍīīϟċŘôŗŪôIJèƅϦϟĖIJťôIJŜĖťƅϦϟÍIJîϟÍıĺŪIJťϟſĖťēϟťēĖŜϟîĖŜèŪŜŜĖĺIJϥϟ>ĺŘϟŕŘĺĤôèťŜϟ ŘôŗŪĖŘĖIJČϟb"(ϵ"ϟ ĺIJŜťŘŪèťĖĺIJϟťĺŘıſÍťôŘϟŕôŘıĖťϟèĺŽôŘÍČôϦϟŜťÍťôϟťēôϟ ťĺťÍīϟIJŪıæôŘϟĺċϟÍèŘôŜϟťēÍťϟſĖīīϟæôϟîĖŜťŪŘæôîϟæƅϟťēôϟŕŘĺĤôèťϟÍIJîϟîôŜèŘĖæôϟťēôϟ ŜťĺŘıſÍťôŘϟŕĺīīŪťĖĺIJϟŕŘôŽôIJťĖĺIJϟЂ®ЃϦϟĖIJèīŪîĖIJČϟŜŕôèĖƱèϟæôŜťϟ ıÍIJÍČôıôIJťϟŕŘÍèťĖèôŜϟťĺϟÍîîŘôŜŜϟŜĺĖīϟôŘĺŜĖĺIJϟÍIJîϟŜôîĖıôIJťÍťĖĺIJϟîŪŘĖIJČϟ ÍIJîϟÍċťôŘϟŕŘĺĤôèťϟèĺIJŜťŘŪèťĖĺIJϥϟ"ĖŜèŪŜŜϟŕôŘıÍIJôIJťϟŜťĺŘıſÍťôŘϟıÍIJÍČôıôIJťϟ ŕīÍIJŜϦϟĖIJèīŪîĖIJČϟıôťēĺîŜϟĺċϟÍèēĖôŽĖIJČϟŽĺīŪıôϟŘôîŪèťĖĺIJϟťĺϟŘôŜťĺŘôϟĺŘϟ ıÍĖIJťÍĖIJϟťēôϟIJÍťŪŘÍīϟēƅîŘĺīĺČƅϟĺċϟťēôϟŜĖťôϟŪŜĖIJČϟČŘôôIJϟĖIJċŘÍŜťŘŪèťŪŘôϟ ŕŘÍèťĖèôŜϟĺŘϟĺťēôŘϟŜťĺŘıſÍťôŘϟıÍIJÍČôıôIJťϟŕŘÍèťĖèôŜϥϟIîôIJťĖċƅϟÍIJƅϟŘôèôĖŽĖIJČϟ ſÍťôŘϟťēÍťϟēÍŜϟèĺIJŜťŘŪèťĖĺIJϟŘôīÍťôîϟſÍťôŘϟĖıŕÍĖŘıôIJťϟĺŘϟŘÍŘôϟèīÍŜŜĖƱôîϟÍŜϟ ŜŕôèĖÍīϟÍŜϟîôƱIJôîϟĖIJϟťēôϟ ĺIJŜťŘŪèťĖĺIJϟťĺŘıſÍťôŘϟŕôŘıĖťϥϟ"ôŜèŘĖæôϟ ÍîîĖťĖĺIJÍīϟŘôŗŪĖŘôıôIJťŜϟċĺŘϟŜŕôèĖÍīϟÍIJîϵĺŘϟĖıŕÍĖŘôîϟſÍťôŘŜϥ ϟ ϙ Řôϱ ĺIJŜťŘŪèťĖĺIJϙĖťôϙŪIJĺƯϙ ĺIJîĖťĖĺIJŜ ϙ ēôϙîŘÍĖIJÍČôϙŕÍťťôŘIJŜϙèÍIJϙæôϙŜôôIJϙĺIJϙťēôϙŜĖťôϙťĺŕĺČŘÍŕēƅϙϼ>ĖČŪŘôϙ͐͏Ͻϟ ϙ FĖŜťĺŘĖèϙÍIJîϙôƄĖŜťĖIJČϙīÍIJîϙŪŜôϙĖŜϙċĺŘϙϙèĺIJťĖIJŪĺŪŜϙŘĺſϙèŘĺŕϙŕŘĺîŪèťĖĺIJϙſĖťēϙÍϙèĺŘIJϙ ÍIJîϙŜĺƅæôÍIJϙŘĺťÍťĖĺIJϙċĺŘϙťēôϙôIJťĖŘôϙŕÍŘèôīϙĖIJèôϙťēôϙôÍŘīƅϙ͐͘͘͏ЍŜϙÍČŘĖèŪīťŪŘÍīϙæôŜťϙ ıÍIJÍČôıôIJťϙŕŘÍèťĖèôŜϙēÍŽôϙæôôIJϙĖIJŜťÍīīôîϙÍIJîϙıÍĖIJťÍĖIJôîϙťĺϙıĖIJĖıĖƏôϙôŘĺŜĖĺIJϙ ĖIJèīŪîĖIJČϙťôŘŘÍèĖIJČϙÍIJîϙČŘÍŜŜƅϙſÍťôŘſÍƅŜϙîĖŜŜôèťϙťēôϙƱôīîŜϙĖIJϙÍϙîôIJîŘĖťĖèϙŕÍťťôŘIJϙ èĺIJťÍĖIJŜϙŜŪŜŕôIJîôîϙŜôîĖıôIJťŜϠϙîĖŜŜĺīŽôîϙŕôŜťĖèĖîôŜϠϙċôŘťĖīĖƏôŘŜϠϙÍIJîϙĺťēôŘϙ IJŪťŘĖôIJťŜϙèĺııĺIJϟϙēôϙČŘÍŜŜƅϙſÍťôŘſÍƅŜϙČŘĖèŪīťŪŘÍīϙŘĺſϙèŘĺŕϙŕŘĺîŪèťĖĺIJϙ ϙ ͑͒ϙ ϙ ēôϙıÍĤĺŘĖťƅϙĺċϙôƄĖŜťĖIJČϙŜŪŘċÍèôϙſÍťôŘϙîŘÍĖIJÍČôϙĺIJϙťēôϙŜĖťôϙƲĺſŜϙċŘĺıϙťēôϙŜĺŪťēϙťĺϙ ťēôϙIJĺŘťēϙťēŘĺŪČēϙťēôϙĖťôϟϙēôϙŜĺŪťēôÍŜťϙŕÍŘťϙĺċϙťēôϙŜĖťôϙſĖīīϙîŘÍĖIJϙťĺϙťēôϙôÍŜťϟ ϙ ŪŘŘôIJťīƅϙťēôŘôϙÍŘôϙIJĺϙŜťĺŘıſÍťôŘϙťŘôÍťıôIJťϙċÍèĖīĖťĖôŜϙīĺèÍťôîϙĺIJϙťēôϙŘĺĤôèťϙĖťôϟϙϙ ŜıÍīīϙÍıĺŪIJťϙĺċϙťēôϙŕŘôϱèĺIJŜťŘŪèťĖĺIJϙîŘÍĖIJÍČôϙîĺôŜϙôIJťôŘϙťēôϙôƄĖŜťĖIJČϙŕŪæīĖèϙĺƯϱ ŜĖťôϙŜťĺŘıϙťŘôÍťıôIJťϙæÍŜĖIJϙĺIJϙťēôϙťÍťĖĺIJϙ èĺIJťŘĺīϙÍIJîϙēƅîŘĺīĺČƅϟϙϼ>ĖČŪŘôϙ͐͐Ͻ ϙ x IIJŜťÍīīÍťĖĺIJϙĺċϙÍϙŜťÍæĖīĖƏôîϙŽôēĖèīôϙôIJťŘÍIJèôϙſĖīīϙæôϙèĺıŕīôťôîϙċĺŘϙ èĺIJŜťŘŪèťĖĺIJϙťŘÍƯĖèϙôIJťôŘĖIJČϙÍIJîϙīôÍŽĖIJČϙťēôϙŘĺĤôèťϙĖťôϟ ϙ x IIJīôťϙŕŘĺťôèťĖĺIJϙÍŘĺŪIJîϙÍIJƅϙŜťĺŘıſÍťôŘϙĖIJīôťŜϙĺIJϙťēôϙŘĺĤôèťϙĖťôϟ ϙ ϙ ĺŜťϙ ĺIJŜťŘŪèťĖĺIJϙĖťôϙŪIJĺƯ ϙ ēôϙīÍIJîϙŪŜôϙĺċϙťēôϙŘĺĤôèťϙĖťôϙſĖīīϙèēÍIJČôϙċŘĺıϙÍČŘĖèŪīťŪŘôϙĺſϙèŘĺŕŜϙťĺϙīĺſϙ îôIJŜĖťƅϙŘôŜĖîôIJťĖÍīϙſĖťēϙŜŪæŜťÍIJťĖÍīϙĖIJèŘôÍŜôϙĖIJϙĖıŕôŘŽĖĺŪŜϙŜŪŘċÍèôϟϙċťôŘϙ èĺIJŜťŘŪèťĖĺIJϠϙŘŪIJĺƯϙċŘĺıϙťēôϙŜĖťôϙſĖīīϙèĺIJŜĖŜťϙĺċϙċôŘťĖīĖƏôŘŜϙÍIJîϙèēôıĖèÍīŜϙċŘĺıϙ ŘôŜĖîôIJťĖÍīϙīÍſIJŜϙÍIJîϙēƅîŘĺèÍŘæĺIJŜϙċŘĺıϙŕÍŘħĖIJČϙÍIJîϙîŘĖŽĖIJČϙÍŘôÍŜϟϙēôϙŕŘĺĤôèťϙſĖīīϙ èĺIJŜťŘŪèťϙĖIJîĖŽĖîŪÍīϙĺIJϱŜĖťôϙŜťĺŘıſÍťôŘϙťŘôÍťıôIJťϙæÍŜĖIJŜϟϙēôŜôϙæÍŜĖIJŜϙſĖīīϙīĖħôīƅϙ ͓͑ϙ ϙ æôϙîôŜĖČIJôîϙÍŜϙôĖťēôŘϙĖIJƱīťŘÍťĖĺIJϙæÍŜĖIJŜϙſēôŘôϙċôÍŜĖæīôϙæÍŜôîϙĺIJϙôƄĖŜťĖIJČϙŜĺĖīϙ ĖIJƱīťŘÍťĖĺIJϙèÍŕÍèĖťƅϙĺŘϙſôťϙîôťôIJťĖĺIJϙŕĺIJîŜϟϙēôϙŽÍŜťϙıÍĤĺŘĖťƅϙĺċϙťēôϙîŘÍĖIJÍČôϙċŘĺıϙ ťēôϙŜĖťôϙſĖīīϙæôϙŕŘôϱťŘôÍťôîϙĖIJϙťēôϙŜťĺŘıſÍťôŘϙæÍŜĖIJϙÍIJîϙŘĺŪťôîϙŜĺŪťēôÍŜťϙĖIJϙXĖIJČŜϙ ŪIJϙ Řôôħϟ ϙ ēôϙŜťĺŘıſÍťôŘϙæÍŜĖIJŜϙſĖīīϙæôϙŜĖƏôîϙŪŜĖIJČϙťēôϙ͐͏͏ϱƅôÍŘϙŜťĺŘıϙôŽôIJťŜϙÍŜϙŕŘĺĤôèťôîϙĖIJϙ ťīÍŜϙ͓͐ϠϙſēĖèēϙĖIJèĺŘŕĺŘÍťôŜϙĖIJèŘôÍŜôîϙŘÍĖIJċÍīīϙĖIJťôIJŜĖťƅϙîŪôϙťĺϙŕŘĺĤôèťϙèīĖıÍťôϙ èēÍIJČôϙϼb͏Ϡϙ͑͏͐͒Ͻϟ ϙ ēôϙŘĺĤôèťϙſĖīīϙĖIJèīŪîôϙŜťĺŘıſÍťôŘϙæÍŜĖIJŜϙťēÍťϙſĖīīϙŜīĺſϙÍIJîϙŜťĺŘôϙſÍťôŘϙÍIJîϙÍīīĺſϙ ċĺŘϙČŘĺŪIJîϙſÍťôŘϙĖIJƱīťŘÍťĖĺIJϟϙIťϙĖŜϙôƄŕôèťôîϙťēÍťϙťēôϙŕôÍħϙŜťĺŘıſÍťôŘϙƲĺſŜϙĺƯϱŜĖťôϙ ſĖīīϙîôèŘôÍŜôϙťĺϙıĺŘôϙČŘÍîŪÍīϙîĖŜèēÍŘČôϙƲĺſŜϙċŘĺıϙæÍŜĖIJϙĺŪťīôťŜϟ ϙ ϙ ĖĖĖϟ®ÍťôŘϟŕŕŘĺŕŘĖÍťĖĺIJŜϷ"ôŜèŘĖæôϟĖċϟťēôϟŕŘĺĤôèťϟŕŘĺŕĺŜôîϟťĺϟÍŕŕŘĺŕŘĖÍťôϟ ŜŪŘċÍèôϟĺŘϟČŘĺŪIJîſÍťôŘϟЂĖIJèīŪîĖIJČϟîôſÍťôŘĖIJČЃϥϟ"ôŜèŘĖæôϟťēôϟŜĺŪŘèôϦϟ ŗŪÍIJťĖťƅϦϟîŪŘÍťĖĺIJϦϟŪŜôϟÍIJîϟŕŪŘŕĺŜôϟĺċϟťēôϟſÍťôŘϟŪŜôϟÍIJîϟĖċϟÍϟ"bϟſÍťôŘϟ ÍŕŕŘĺŕŘĖÍťĖĺIJϟŕôŘıĖťϟĖŜϟŘôŗŪĖŘôîϥϟ"ôŜèŘĖæôϟÍIJƅϟſôīīϟÍæÍIJîĺIJıôIJťϥϟIċϟ èĺIJIJôèťĖIJČϟťĺϟÍIJϟôƄĖŜťĖIJČϟıŪIJĖèĖŕÍīϟſÍťôŘϟŜŪŕŕīƅϦϟĖîôIJťĖċƅϟťēôϟſôīīŜϟťĺϟæôϟ ŪŜôîϟÍŜϟÍϟſÍťôŘϟŜĺŪŘèôϟÍIJîϟÍIJƅϟôƯôèťŜϟĺIJϦϟĺŘϟŘôŗŪĖŘôîϟôƄŕÍIJŜĖĺIJϟĺċϦϟ ıŪIJĖèĖŕÍīϟſÍťôŘϟĖIJċŘÍŜťŘŪèťŪŘôϥϟ"ĖŜèŪŜŜϟôIJŽĖŘĺIJıôIJťÍīϟôƯôèťŜϟċŘĺıϟſÍťôŘϟ ÍŕŕŘĺŕŘĖÍťĖĺIJϦϟĖIJèīŪîĖIJČϟÍIJϟÍŜŜôŜŜıôIJťϟĺċϟťēôϟſÍťôŘϟŘôŜĺŪŘèôŜϟÍŽÍĖīÍæīôϟċĺŘϟ ÍŕŕŘĺŕŘĖÍťĖĺIJϥϟ"ĖŜèŪŜŜϟēĺſϟťēôϟŕŘĺŕĺŜôîϟſÍťôŘϟŪŜôϟĖŜϟŘôŜĖīĖôIJťϟĖIJϟťēôϟôŽôIJťϟ ĺċϟèēÍIJČôŜϟĖIJϟťĺťÍīϟŕŘôèĖŕĖťÍťĖĺIJϦϟīÍŘČôϟŕŘôèĖŕĖťÍťĖĺIJϟôŽôIJťŜϦϟîŘĺŪČēťϦϟ ĖIJèŘôÍŜôîϟťôıŕôŘÍťŪŘôŜϟŽÍŘĖÍæīôϟŜŪŘċÍèôϟſÍťôŘϟƲĺſŜϟÍIJîϟôīôŽÍťĖĺIJŜϦϟÍIJîϟ īĺIJČôŘϟČŘĺſĖIJČϟŜôÍŜĺIJŜϥϟIîôIJťĖċƅϟÍIJƅϟŘôŜĺŪŘèôŜϟťĺϟÍŽĺĖîϦϟıĖIJĖıĖƏôϦϟĺŘϟ ıĖťĖČÍťôϟôIJŽĖŘĺIJıôIJťÍīϟôƯôèťŜϟċŘĺıϟťēôϟſÍťôŘϟÍŕŕŘĺŕŘĖÍťĖĺIJϥϟ"ôŜèŘĖæôϟ èĺIJťĖIJČôIJèƅϟŕīÍIJŜϟŜēĺŪīîϟťēôϟÍŕŕŘĺŕŘĖÍťĖĺIJϟŽĺīŪıôϟĖIJèŘôÍŜôϟæôƅĺIJîϟ ĖIJċŘÍŜťŘŪèťŪŘôϟèÍŕÍèĖťƅϟĺŘϟſÍťôŘϟŜŪŕŕīƅϟċĺŘϟťēôϟŕŘĺĤôèťϟîĖıĖIJĖŜēϟĖIJϟŗŪÍIJťĖťƅϟĺŘϟ ŗŪÍīĖťƅϦϟŜŪèēϟÍŜϟŘôŪŜôϟĺċϟſÍťôŘϦϟèĺIJIJôèťĖĺIJŜϟſĖťēϟÍIJĺťēôŘϟſÍťôŘϟŜĺŪŘèôϦϟĺŘϟ ôıôŘČôIJèƅϟèĺIJIJôèťĖĺIJŜϥ ϙ ϙ ®ÍťôŘϙŕŕŘĺŕŘĖÍťĖĺIJϙĖŜϙIJĺťϙÍŕŕīĖèÍæīôϠϙÍIJîϙťēôϙŕŘĺĤôèťϙĖŜϙIJĺťϙèŪŘŘôIJťīƅϙſĖťēĖIJČϙÍIJϙ ôƄĖŜťĖIJČϙ Ėťƅϙ®ôīīēôÍîϙŕŘĺťôèťĖĺIJϙÍŘôÍϙĺŘϙ"ŘĖIJħĖIJČϙ®ÍťôŘϙŪŕŕīƅϙaÍIJÍČôıôIJťϙŘôÍϙ ϼ"®aϽϟ ϙ ϙ ĺèēôŜťôŘϙŪæīĖèϙťĖīĖťĖôŜϙēÍŜϙÍIJÍīƅƏôîϙſÍťôŘϙÍŽÍĖīÍæĖīĖťƅϙťĺϙŜôŘŽôϙťēôϙŕŘĺŕĺŜôîϙ ŕŘĺĤôèťϟϙĺèēôŜťôŘϙŪæīĖèϙťĖīĖťĖôŜϙŘôŕĺŘťôîϙĺIJϙſÍťôŘϙÍŽÍĖīÍæĖīĖťƅϙċĺŘϙŜôŘŽĖIJČϙôIJťĖŘôϙ ŜĖťôϙÍťϙťēôϙŘôϱîôŽôīĺŕıôIJťϙıôôťĖIJČϙĺċϙaÍŘèēϙ͕Ϡϙ͑͏͔͑ϟ ϙ ϙ ĺIJIJôèťĖĺIJϙťĺϙaŪIJĖèĖŕÍīϙ®ÍťôŘϙŪŕŕīƅϙēÍŜϙæôôIJϙÍIJťĖèĖŕÍťôîϙŜĖIJèôϙ͑͏͏͓ϟ ϙ ϙ ĖIJèôϙťēôϙ͑͏͏͓ϙÍŕŕŘĺŽÍīϙĺċϙťēôϙ@"ϙċĺŘϙťēôϙĺŘĖČĖIJÍīϙċĺŪŘϙŕēÍŜôŜϙĺċϙôææīôϙ ŘôôħϠϙťēôϙ ĖťƅϙĺċϙĺèēôŜťôŘϙēÍŜϙŕīÍIJIJôîϙċĺŘϙſÍťôŘϙŜŪŕŕīƅϙĖIJċŘÍŜťŘŪèťŪŘôϟϙIIJϙ͑͏͖͐ϙĺèēôŜťôŘϙ ͔͑ϙ ϙ ŪæīĖèϙ®ĺŘħŜϙϼϽϙŪŕîÍťôîϙťēôϙĺŘĖČĖIJÍīϙîôŜĖČIJÍťôîϙſôīīϱēôÍîôîϙŕŘĺťôèťĖĺIJϙÍŘôÍŜϙ ÍIJîϙ"®aϙċĺŘϙťēôϙ ĖťƅϙſÍťôŘϙſôīīŜϟ ϙ ϙ ĺèēôŜťôŘϙŪæīĖèϙťĖīĖťĖôŜϙϼϽϙĺſIJŜϙÍIJîϙıÍĖIJťÍĖIJŜϙťēôϙſÍťôŘıÍĖIJϙŜƅŜťôıϙ èĺIJŜťŘŪèťôîϙťĺϙťēôϙôÍŜťϙťēÍťϙŜôŘŽôŜϙťēôϙÍŘôÍϙôÍŜťϙĺċϙ͕͏ϙŽôIJŪôϙb®ϙÍIJîϙēÍŜôϙIϙĺċϙ ťē ôææīôϙ ŘôôħϟϙēôϙIJôſϙſÍťôŘϙıÍĖIJϙôƄťôIJŜĖĺIJŜϙſĖīīϙŕŘĺŽĖîôϙŘôŜĖîôIJťŜϙſĖťēϙŜÍċôϙ ſÍťôŘϙŗŪÍīĖťƅϠϙϙÍIJϙÍîôŗŪÍťôϙſÍťôŘϙŜŪŕŕīƅϙÍIJîϙſÍťôŘϙŕŘôŜŜŪŘôϙċĺŘϙƱŘôϙŕŘĺťôèťĖĺIJϙ IJôèôŜŜÍŘƅϙťĺϙŜôŘŽôϙťēôϙŕŘĺŕĺŜôîϙŕŘĺĤôèťϟϙťϙťēôϙŕŘôϱîôŽôīĺŕıôIJťϙıôôťĖIJČϙϙ ĖIJîĖèÍťôîϙťēôϙôƄĖŜťĖIJČϙſÍťôŘϙŕŘôŜŜŪŘôϙŘÍIJČôŜϙċŘĺıϙ͖͒ϙŕŜĖϙťĺϙ͕͓ϙŕŜĖϟϙϙŜıÍīīϙÍŘôÍϙĺċϙ ťēôϙŜĺŪťēôÍŜťϙŕĺŘťĖĺIJϙĺċϙťēôϙŘĺĤôèťϙſĖīīϙIJôôîϙÍϙċϙIJĖťŘÍťôŜϙÍIJîϙŕôŜťĖèĖîôŜϙĖIJƱīťŘÍťĖIJČϙĖIJťĺϙťēôϙ ČŘĺŪIJîſÍťôŘϟ ϙ xîĺŕťĖIJČϙťĺŘıſÍťôŘϙ xôŜťŘĖèťϙťēôϙŪŜôϙÍIJîϙèīôÍIJŪŕϙĺċϙôƄèôŜŜϙŜĺîĖŪıϙèēīĺŘĖîôϙϼŜÍīťϙÍIJîϙĺťēôŘϙĖèôϙ èĺIJťŘĺīϙèĺıŕĺŪIJîŜϽϙĺIJϙŘÍŕĖîϙŘôŜŕĺIJîŜϙťĺϙŜŕĖīīŜϙĺċϙīĖŗŪĖîϙÍIJîϙŜĺīĖîϙ èēôıĖèÍīŜϟ ϙ x aÍĖIJťÍĖIJϙÍϙƲĺĺîϱŕŘĺťôèťôîϠϙīôÍħϱċŘôôϙŜôſÍČôϙŜƅŜťôıϟ ϙ ϙ ĖŽϟŪŘċÍèôϟ®ÍťôŘŜ ϙ Íϥ®ôťīÍIJîŜϷϟ"ôŜèŘĖæôϟÍIJƅϟÍIJťĖèĖŕÍťôîϟŕēƅŜĖèÍīϟôƯôèťŜϟĺŘϟÍīťôŘÍťĖĺIJŜϟťĺϟ ſôťīÍIJîϟċôÍťŪŘôŜϟŜŪèēϟÍŜϟîŘÍĖIJĖIJČϦϟƱīīĖIJČϦϟŕôŘıÍIJôIJťϟĖIJŪIJîÍťĖĺIJϦϟ îŘôîČĖIJČϦϟÍIJîϟŽôČôťÍťĖŽôϟŘôıĺŽÍīϥϟ"ĖŜèŪŜŜϟîĖŘôèťϟÍIJîϟĖIJîĖŘôèťϟ ôIJŽĖŘĺIJıôIJťÍīϟôƯôèťŜϟċĺŘıϟŕēƅŜĖèÍīϟıĺîĖƱèÍťĖĺIJϟĺċϟſôťīÍIJîŜϦϟĖIJèīŪîĖIJČϟ ťēôϟÍIJťĖèĖŕÍťôîϟôƯôèťϟťēÍťϟÍIJƅϟŕŘĺŕĺŜôîϟſôťīÍIJîϟÍīťôŘÍťĖĺIJŜϟıÍƅϟēÍŽôϟ ťĺϟťēôϟēĺŜťϟſÍťôŘŜēôîϦϟťÍħĖIJČϟĖIJťĺϟèĺIJŜĖîôŘÍťĖĺIJϟēĺſϟèŪŘŘôIJťϟaĖIJIJôŜĺťÍϟ èīĖıÍťôϟťŘôIJîŜϟÍIJîϟÍIJťĖèĖŕÍťôîϟèīĖıÍťôϟèēÍIJČôϟĖIJϟťēôϟČôIJôŘÍīϟīĺèÍťĖĺIJϟĺċϟ ťēôϟŕŘĺĤôèťϟıÍƅϟĖIJƲŪôIJèôϟťēôϟôƯôèťŜϥϟIîôIJťĖċƅϟıôÍŜŪŘôŜϟťĺϟÍŽĺĖîϟЂôϥČϥЃϦϟ ÍŽÍĖīÍæīôϟÍīťôŘIJÍťĖŽôϟťēÍťϟſôŘôϟèĺIJŜĖîôŘôîЃϦϟıĖIJĖıĖƏôϟĺŘϟıĖťĖČÍťôϟ ôIJŽĖŘĺIJıôIJťÍīϟôƯôèťŜϟťĺϟſôťīÍIJîŜϥϟ"ĖŜèŪŜŜϟſēôťēôŘϟÍIJƅϟŘôŗŪĖŘôîϟ èĺıŕôIJŜÍťĺŘϟſôťīÍIJîϟıĖťĖČÍťĖĺIJϟċĺŘϟŪIJÍŽĺĖîÍæīôϟſôťīÍIJîϟĖıŕÍèťŜϟſĖīīϟ ĺèèŪŘϟĖIJϟťēôϟŜÍıôϟıĖIJĺŘϟĺŘϟıÍĤĺŘϟſÍťôŘŜēôîϟÍIJîϟĖîôIJťĖċƅϟťēĺŜôϟ ŕŘĺæÍæīôϟīĺèÍťĖĺIJŜϥ ϟ ϟ iIJϱŜĖťôϙĤŪŘĖŜîĖèťĖĺIJÍīϙſôťīÍIJîŜϙÍŘôϙĖîôIJťĖƱôîϙĺIJϙťēôϙbÍťĖĺIJÍīϙ®ôťīÍIJîϙIIJŽôIJťĺŘƅϙ ϼ>ĖČϟϙ͔ϽϙĖIJϙťēôϙîŘÍĖIJÍČôſÍƅŜϟϙīīϙťēôŜôϙb®IϙſôťīÍIJîŜϙÍŘôϙèīÍŜŜĖƱôîϙÍŜϙ ÍīŪŜťŘĖIJôϯIJèĺIJŜĺīĖîÍťôîϙôIJèĖôŜϙċĺŘϙ ŜôŘŽĖèôŜϙÍIJîϙÍŕŕŘĺŽÍīϟ ϙ ϙ IťϙĖŜϙÍIJťĖèĖŕÍťôîϙťēÍťϙťēôŘôϙſĖīīϙæôϙĖıŕÍèťŜϙťĺϙŜĺıôϙĤŪŘĖŜîĖèťĖĺIJÍīϙſôťīÍIJîŜϠϙ ÍīťēĺŪČēϙťēôϙĖıŕÍèťŜϙèÍIJIJĺťϙæôϙŗŪÍIJťĖƱôîϙŪIJťĖīϙîôťÍĖīôîϙîôŜĖČIJϙŕīÍIJŜϙÍŘôϙ ŕŘôŕÍŘôîϟϙēôϙŕŘĺĤôèťϙſĖīīϙÍîēôŘôϙťĺϙťēôϙŘôŗŪĖŘôıôIJťŜϙĺċϙťēôϙaĖIJIJôŜĺťÍϙ®ôťīÍIJîϙ ĺIJŜôŘŽÍťĖĺIJϙèťϙċĺŘϙťēôϙîôīĖIJôÍťĖĺIJϙÍIJîϙŜôŗŪôIJèĖIJČϟϙIıŕÍèťŜϙťĺϙĤŪŘĖŜîĖèťĖĺIJÍīϙ ſôťīÍIJîŜϙſĖīīϙƱŘŜťϙæôϙĖîôIJťĖƱôîϙÍIJîϙÍŽĺĖîôîϙĖċϙŕĺŜŜĖæīôϟϙIċϙIJôèôŜŜÍŘƅϠϙÍϙ®ôťīÍIJîϙ ôŗŪôIJèĖIJČϙÍIJîϙôŕīÍèôıôIJťϙŕīÍIJϙſĖīīϙæôϙŕŘôŕÍŘôîϙÍIJîϙŜŪæıĖťťôîϙťĺϙťēôϙ ͖͑ϙ ϙ ÍŕŕŘĺŕŘĖÍťôϙ ĖťƅϠϙ ĺŪIJťƅϠϙťÍťôϙÍIJîϙ>ôîôŘÍīϙŘôŽĖôſϙÍČôIJèĖôŜϙċĺŘϙôŽĖôſϙÍIJîϙ ÍŕŕŘĺŽÍīϟϙ ϙ ϙ æϟ iťēôŘϟŜŪŘċÍèôϟſÍťôŘŜϷϟ"ôŜèŘĖæôϟÍIJƅϟÍIJťĖèĖŕÍťôîϟŕēƅŜĖèÍīϟôƯôèťŜϟĺŘϟ ÍīťôŘÍťĖĺIJŜϟťĺϟŜŪŘċÍèôϟſÍťôŘϟċôÍťŪŘôŜϟЂīÍħôŜϦϟŜťŘôÍıŜϦϟŕĺIJîŜϦϟ ĖIJťôŘıĖťťôIJťϟèēÍIJIJôīŜϦϟèĺŪIJťƅϵĤŪîĖèĖÍīϟîĖťèēôŜЃϟŜŪèēϟÍŜϟîŘÍĖIJĖIJČϦϟƱīīĖIJČϦϟ ŕôŘıÍIJôIJťϟĖIJŪIJîÍťĖĺIJϦϟîŘôîČĖIJČϦϟîĖħĖIJČϦϟŜťŘôÍıϟîĖŽôŘŜĖĺIJϦϟ ĖıŕĺŪIJîıôIJťϦϟÍŗŪÍťĖèϟŕīÍIJťϟŘôıĺŽÍīϟÍIJîϟŘĖŕÍŘĖÍIJϟÍīťôŘIJÍťĖĺIJϥϟ"ĖŜèŪŜŜϟ îĖŘôèťϟÍIJîϟĖIJîĖŘôèťϟôIJŽĖŘĺIJıôIJťÍīϟôƯôèťŜϟċŘĺıϟŕēƅŜĖèÍīϟıĺîĖƱèÍťĖĺIJϟĺċϟ ſÍťôŘϟċôÍťŪŘôŜϦϟťÍħĖIJČϟĖIJťĺϟèĺIJŜĖîôŘÍťĖĺIJϟēĺſϟèŪŘŘôIJťϟaĖIJIJôŜĺťÍϟèīĖıÍťôϟ ťŘôIJîŜϟÍIJîϟÍIJťĖèĖŕÍťôîϟèīĖıÍťôϟèēÍIJČôϟĖIJϟťēôϟČôIJôŘÍīϟīĺèÍťĖĺIJϟĺċϟťēôϟ ŕŘĺĤôèťϟıÍƅϟĖIJƲŪôIJèôϟťēôϟôƯôèťŜϥϟIîôIJťĖċƅϟıôÍŜŪŘôŜϟťĺϟÍŽĺĖîϦϟıĖIJĖıĖƏôϦϟ ĺŘϟıĖťĖČÍťôϟôIJŽĖŘĺIJıôIJťÍīϟôƯôèťŜϟťĺϟŜŪŘċÍèôϟſÍťôŘϟċôÍťŪŘôŜϦϟĖIJèīŪîĖIJČϟĖIJϟ ſÍťôŘϟϙÍIJîϙĺŪťċÍīīϙîôťÍĖīŜϠϙÍIJîϙťĺϙŕŘĺťôèťϙ ϙ ēôŘôϙÍŘôϙIJĺϙħIJĺſIJϙĺŘϙîĺèŪıôIJťôîϙèĺIJťÍıĖIJÍťĖĺIJϙēÍƏÍŘîŜϠϙîŪıŕŜϠϙŪŕôŘċŪIJîϙ ĖťôŜϠϙĺŘϙťÍťôϙ"ĖŜŕĺŜÍīϙƅŜťôıϙĖťôŜϙīĺèÍťôîϙſĖťēĖIJϙϙťēôϙŘĺĤôèťϙĖťôϟϙÍæīôϙ͐͐ϙ æôīĺſϙīĖŜťŜϙťēôϙŜĖťôŜϙſĖťēĖIJϙ͏ϟ͔ϙıĖīôŜϙĺċϙťēôϙŕŘĺĤôèťϙÍèèĺŘîĖIJČϙťĺϙťēôϙa Ѝϙ Њ®ēÍťЍŜϙĖIJϙıƅϙbôĖČēæĺŘēĺĺîЋϙÍIJîϙťēôϙaĖIJIJôŜĺťÍϙ"ôŕÍŘťıôIJťϙĺċϙČŘĖèŪīťŪŘôϙϼa"Ͻϙ Њ®ēÍťЍŜϙĖIJϙıƅϙbôĖČēæĺŘēĺĺîЋϙŜôÍŘèēϟ ϙ ϙ Íæīôϙ͐͐ϟϙ®ēÍťЍŜϙĖIJϙaƅϙbôĖČēæĺŘēĺĺîϙĖťôŜϙſĖťēĖIJϙ͏ϟ͔ϙaĖīôŜϙĺċϙťēôϙŘĺĤôèťϙ Ėťô ϙ ®ĖťēĖIJϙ ĖťôϙI"ϙƅŕô ϙ bÍıô ϙťÍťŪŜ ϙ ŘĺĤôèťϙĖťô ϙ FÍƏÍŘîĺŪŜϙ®ÍŜťôϠϙ I"ϙ͔͔͒ϙ@ôĺŘČôϙ®ϙ ͔͕͕͕͐͗ϙ aĖIJĖıÍīϙŗŪÍIJťĖťƅϙ´ϙ b ϙ @ĖææŜϙVŘϙ(īôıôIJťÍŘƅ ϙ ČôIJôŘÍťĺŘ ϙ ĺIJŜťŘŪèťĖĺIJϙ Fϙ͓ϙЭϙ Fϙ͓͓ϙ ͔͑͏͓͖͓ϙ´ϙ b ϙ ťĺŘıſÍťôŘ ϙôèĺIJŜťŘŪèťĖĺIJ ϙ ͖͕͖͔͏ϙ>ôôîīĺťŜ ϙīťĺIJϙ ĺŘîôŜϙ>ÍŘı ϙ b ϙ b ϙ VÍıôŜϙFÍIJŜĺIJϙ>ÍŘıϙ ͖͕͔͓͒ϙ>ôôîīĺťŜ ϙ´ϙ b ϙ ͑ϙ ͖͕͑͐͒͗ϙϙ @ŘôČϙ@ŘĺŽôŜϙŘĺŕôŘťƅ ϙ´ϙ b ϙ ͖͓͔͐͐ϙ>ôôîīĺťŜ ϙ VĺIJϙ®ôīèēϙ>ÍŘı ϙ´ϙ b ϙ ͕͕͖͔͑ϙ>ôôîīĺťŜ ϙ[ĺĖŜϙFĤôīīıĖIJČϙ>ÍŘı ϙ´ϙ b ϙ "ôæĺŘÍēϙЭϙaĖèēÍôīϙ ͐͏͏͖͓͘ϙ>ôôîīĺťŜ ϙ´ϙ b ϙ [ĺČÍIJϙ>ÍŘı ϙ ĺIJŜťŘŪèťĖĺIJϙôææīôϙ Řôôħϙ ͓͔͖͑͒͐ϙ´ϙ b ϙ ťĺŘıſÍťôŘ ϙôèĺIJî ϙ ͕͖͒͒͐ϙ>ôôîīĺťŜ ϙ[ÍŽôŘIJôϙ[ôŗŽôϙ>ÍŘı ϙ b ϙ b ϙ ϙ æϥŘĺĤôèťϟŘôīÍťôîϟČôIJôŘÍťĖĺIJϵŜťĺŘÍČôϟĺċϟŜĺīĖîϟſÍŜťôŜϷϟ"ôŜèŘĖæôϟŜĺīĖîϟſÍŜťôŜϟ ČôIJôŘÍťôîϵŜťĺŘôîϟîŪŘĖIJČϟèĺIJŜťŘŪèťĖĺIJϟÍIJîϵĺŘϟĺŕôŘÍťĖĺIJϟĺċϟťēôϟŕŘĺĤôèťϥϟIIJîĖèÍťôϟ ıôťēĺîϟĺċϟîĖŜŕĺŜÍīϥϟ"ĖŜèŪŜŜϟŕĺťôIJťĖÍīϟôIJŽĖŘĺIJıôIJťÍīϟôƯôèťŜϟċŘĺıϟŜĺīĖîϟſÍŜťôϟ ēÍIJîīĖIJČϦϟŜťĺŘÍČôϦϟÍIJîϟîĖŜŕĺŜÍīϥϟIîôIJťĖċƅϟıôÍŜŪŘôŜϟťĺϟÍŽĺĖîϟıĖIJĖıĖƏôϟĺŘϟıĖťĖČÍťôϟ ÍîŽôŘŜôϟôƯôèťŜϟċŘĺıϟťēôϟČôIJôŘÍťĖĺIJϵŜťĺŘÍČôϟĺċϟŜĺīĖîϟſÍŜťôϟĖIJèīŪîĖIJČϟŜĺŪŘèôϟ ŘôîŪèťĖĺIJϟÍIJîϟŘôèƅèīĖIJČϥ ϟ ϟ īīϙŜĺīĖîϙſÍŜťôϙČôIJôŘÍťôîϙÍťϙťēôϙĖťôϙſĖīīϙæôϙŜĺŘťôîϠϙēÍIJîīôîϠϙťŘÍIJŜŕĺŘťôîϠϙÍIJîϙ îĖŜŕĺŜôîϙĺċϙċĺīīĺſĖIJČϙťēôϙiīıŜťôîϙ ĺŪIJťƅϙЊ͐͏ϱƅôÍŘϙĺīĖîϙ®ÍŜťôϙaÍIJÍČôıôIJťϙīÍIJЋϙ ÍîĺŕťôîϙĖIJϙ͑͏͑͑ϟϙēôϙ͐͏ϱƅôÍŘϙŕīÍIJϙÍIJťĖèĖŕÍťôîϙťēÍťϙiīıŜťôîϙ ĺŪIJťƅϙÍIJîϙťēôϙ Ėťƅϙĺċϙ ĺèēôŜťôŘϙſĺŪīîϙÍîîϙ͔͔Ϡ͏͏͏ϙŕôĺŕīôϙæôċĺŘôϙ͑͏͔͑ϟϙēôϙ ĺŪIJťƅϙēÍŜϙŕīÍIJIJôîϙſÍŜťôϙ ēÍIJîīĖIJČϠϙŘôèƅèīĖIJČϠϙÍIJîϙîĖŜŕĺŜÍīϙċÍèĖīĖťĖôŜϙťĺϙÍèèĺııĺîÍťôϙťēôϙÍIJťĖèĖŕÍťôîϙ ČŘĺſťēϟ ϙ АēôϟÍŕŕŘĺŽôîϟ͕͗͗͗Ϸ͕͗͗͘ϟĺīĖîϟ®ÍŜťôϟaÍIJÍČôıôIJťϟīÍIJϟſĖīīϟŜôŘŽôϟÍŜϟÍϟ ŘĺÍîıÍŕϟťĺϟèÍŕťŪŘôϟŽÍīŪôϟċŘĺıϟſÍŜťôϟŕŘĺîŪèôîϟæƅϟťēôϟèĺııŪIJĖťƅϥϟIťϟôIJēÍIJèôŜϟ ôƄĖŜťĖIJČϟŕŘĺČŘÍıŜϟÍIJîϟŕÍŽôŜϟťēÍťϟſÍƅϟťĺſÍŘîϟÍϟıĺŘôϟŜŪŜťÍĖIJÍæīôϟċŪťŪŘôϟæƅϟ ͑͘ϙ ϙ ĖıŕīôıôIJťĖIJČϟŜťŘÍťôČĖôŜϟťĺϟÍèēĖôŽôϟŕĺŜĖťĖŽôϟôIJŽĖŘĺIJıôIJťÍīϦϟŜĺèĖÍīϦϟÍIJîϟ ôèĺIJĺıĖèϟĺŪťèĺıôŜϥ ϟ ēôϟôIJŽĖŘĺIJıôIJťÍīϟŜťŘÍťôČĖôŜϟċĺèŪŜϟĺIJϟıÍƄĖıĖƏĖIJČϟŘôèĺŽôŘÍæīôϟŘôŜĺŪŘèôŜϟ ťēŘĺŪČēϟèĺIJŜťŘŪèťĖIJČϟÍϟaÍťôŘĖÍīϟôèĺŽôŘƅϟ>ÍèĖīĖťƅϟЂa>ЃϦϟIJôſϟĺŘČÍIJĖèŜϟ ıÍIJÍČôıôIJťϟŕŘĺČŘÍıŜϦϟÍIJîϟŕŘĺČŘÍıŜϟťĺϟıĖIJĖıĖƏôϟèĺIJŜťŘŪèťĖĺIJϟÍIJîϟĺťēôŘϟ ſÍŜťôϟťēŘĺŪČēϟŘôŪŜôϥ ϟ ĺèĖÍīϟŜťŘÍťôČĖôŜϟĖIJèīŪîôϟôƄŕÍIJîĖIJČϟſÍŜťôϟÍIJîϟŘôèƅèīĖIJČϟôîŪèÍťĖĺIJϟÍIJîϟ ŜťÍħôēĺīîôŘϟôIJČÍČôıôIJťϥ ϟ (èĺIJĺıĖèϟŜťŘÍťôČĖôŜϟĖIJŽĺīŽôϟèĺIJťĖIJŪĖIJČϟťĺϟċŪIJîϟťēôϟŜĺīĖîϟſÍŜťôϟıÍIJÍČôıôIJťϟ ŕŘĺČŘÍıŜϟťēŘĺŪČēϟÍIJϟôIJťôŘŕŘĖŜôϟċŪIJîϦϟÍIJÍīƅƏĖIJČϟÍIJîϟŕŘĖĺŘĖťĖƏĖIJČϟīÍŘČôϟèÍŕĖťÍīϟ ŕŘĺĤôèťŜϦϟÍIJîϟıÍħĖIJČϟîÍťÍϷŜŪŕŕĺŘťôîϟîôèĖŜĖĺIJŜϥ ϟ А®ôϟÍŘôϟīĺĺħĖIJČϟċĺŘſÍŘîϟťĺϟèĺīīÍæĺŘÍťĖIJČϟſĖťēϟĺŪťϟŕÍŘťIJôŘŜϟťĺϟĖıŕīôıôIJťϟťēĖŜϟ ŕīÍIJϥϟ®ôϟèēÍīīôIJČôîϟťēôϟèĺııŪIJĖťƅϟťĺϟĤĺĖIJϟŪŜϟĖIJϟıĖIJĖıĖƏĖIJČϟſÍŜťôϦϟŪŜĖIJČϟſÍŜťôϟ ÍŜϟÍϟŘôŜĺŪŘèôϦϟŘôèƅèīĖIJČϦϟèĺıŕĺŜĖťĖIJČϦϟÍIJîϟŕŘĺŕôŘīƅϟîĖŜŕĺŜĖIJČϟĺċϟſÍŜťôϥϟ ĺČôťēôŘϦϟſôϟſĖīīϟÍťťÍĖIJϟÍϟŜÍċôϦϟēôÍīťēƅϦϟŜŪŜťÍĖIJÍæīôϟèĺııŪIJĖťƅБϦϟŜÍĖîϟiīıŜťôîϟ ĺŪIJťƅϟFÍƏÍŘîĺŪŜϟ®ÍŜťôϟ>ÍèĖīĖťƅϦϟÍϟƅÍŘîϟſÍŜťôϟèĺıŕĺŜĖťĖIJČϟŜĖťôϦϟťēôϟôèƅèīĖIJČϟ ôIJťôŘϦϟťēôϟ®ÍŜťôϷťĺϷϟ(IJôŘČƅϟ>ÍèĖīĖťƅϦϟÍIJîϟťēôϟXÍīıÍŘϟ[ÍIJîƱīīϥБ ϟ iīıŜťôîϙ ĺŪťƅϙŘôèĺČIJĖƏôŜϙťēÍťϙıÍIJÍČĖIJČϙıŪIJĖèĖŕÍīϙŜĺīĖîϙſÍŜťôϙĖŜϙŕÍŘťϙĺċϙÍϙæŘĺÍîϙ ŜťŘÍťôČƅϙċĺŘϙŘôîŪèĖIJČϙťēôϙôIJŽĖŘĺIJıôIJťÍīϙÍIJîϙēŪıÍIJϙēôÍīťēϙĖıŕÍèťŜϙĺċϙŘôŜĖîôIJťĖÍīϙ ÍIJîϙèĺııôŘèĖÍīϙČŘĺſťēϟ ϙ ēôϙ ĺŪIJťƅЍŜϙŜŪŜťÍĖIJÍæĖīĖťƅϙČĺÍīŜϙċĺŘϙſÍŜťôϙıÍIJÍČôıôIJťϙĖIJèīŪîôϙťēôϙťŘÍîĖťĖĺIJÍīϙ ŜĺīĖîϙſÍŜťôϙēĖôŘÍŘèēƅϡϙŘôîŪèôϠϙŘôŪŜôϠϙŘôèƅèīôϠϙÍIJîϙîĖŜŕĺŜôϟϙaôÍîĺſϙ[ÍħôŜϙ®ôŜťϙ ſĖīīϙîôŜĖČIJϠϙæŪĖīîϠϙÍIJîϙĺŕôŘÍťôϙťēôϙîôŽôīĺŕıôIJťϙſĖťēϙťēôŜôϙſÍŜťôϙıÍIJÍČôıôIJťϙ ČĺÍīŜϟ ϙ ϙ ĖťôϙſÍŜťôϙıÍIJÍČôıôIJťϡ ϙ ϙ bĺIJϱēÍƏÍŘîĺŪŜϙèĺIJŜťŘŪèťĖĺIJϙÍIJîϙîôıĺīĖťĖĺIJϙîôæŘĖŜϙϼ Э"ϽϙſĖīīϙæôϙèĺīīôèťôîϙĺIJϱŜĖťôϙ ÍIJîϙŕīÍèôîϙĖIJϙŘĺīīϱĺƯϙæĺƄôŜϙæƅϙĺIJϱŜĖťôϙèĺIJťŘÍèťĺŘŜϟϙ[ĖèôIJŜôîϙſÍŜťôϙēÍŪīôŘŜϙſĖīīϙ ťŘÍIJŜŕĺŘťϙťēôϙ Э"ϙŘĺīīϱĺƯϙæĺƄôŜϠϙſēĖèēϙſĖīīϙæôϙîôīĖŽôŘôîϙťĺϙŜĺŘťĖIJČϙÍIJîϙŘôèƅèīĖIJČϙťĺϙ ŘôıĺŽôϙıôťÍīϠϙŪŜÍæīôϙſĺĺîϠϙèĺIJèŘôťôϠϙÍIJîϙæŘĖèħϟϙ Э"ϙſĖīīϙæôϙēÍŪīôîϙťĺϙÍϙŕôŘıĖťťôîϙ iīıŜťôîϙ ĺŪIJťƅϙŜĺīĖîϙſÍŜťôϙîĖŜŕĺŜÍīϙċÍèĖīĖťƅϙÍŜϙŘôŗŪĖŘôîϙæƅϙťēôϙiīıŜťôîϙ ĺŪIJťƅϙ ĺŘîĖIJÍIJèôŜϟ ϙ ϙ ŘôôŜϙÍIJîϙæŘŪŜēϙèīôÍŘôîϙæôċĺŘôϙèĺIJŜťŘŪèťĖĺIJϙſĖīīϙæôϙèēĖŕŕôîϙċĺŘϙıŪīèēϙĺŘϙŘôèƅèīôîϙ ÍťϙīĺèÍīϙſĺĺîϙſÍŜťôϙÍIJîϙƱŘôſĺĺîϙċÍèĖīĖťĖôŜϟ ϙ ϙ IťϙĖŜϙÍIJťĖèĖŕÍťôîϙťēÍťϙŜĖťôϙôƄèÍŽÍťĖĺIJϯƱīīϙĺċϙŜĺĖīϙĺIJϙťēôϙĖťôϙſĖīīϙæÍīÍIJèôϙťĺϙÍŽĺĖîϙ ŘôıĺŽÍīϙĺċϙôƄèôŜŜϙŜĺĖīϙıÍťôŘĖÍīϟ ϙ ϙ ͒͏ϙ ϙ ċťôŘϙèĺIJŜťŘŪèťĖĺIJϠϙťēôϙıĖƄôîϙıŪIJĖèĖŕÍīϙſÍŜťôϙČôIJôŘÍťôîϙæƅϙťēôϙĺèèŪŕÍIJťŜϙĖŜϙ ôƄŕôèťôîϙťĺϙèĺIJŜĖŜťϙĺċϙĺŘČÍIJĖèϙÍIJîϙċĺĺîϙſÍŜťôϠϙŕÍŕôŘϙÍIJîϙŕīÍŜťĖèϙŕÍèħÍČĖIJČϙ ıÍťôŘĖÍīŜϠϙÍIJîϙēĺŪŜôēĺīîϙČĺĺîŜϟϙôŜĖîôIJťŜϙèÍIJϙŘôèƅèīôϙČīÍŜŜϠϙīÍæôīôîϙŕīÍŜťĖèŜϠϙ ŕÍŕôŘϠϙÍIJîϙıôťÍīϙÍťϙèŪŘæŜĖîôϙŘôèƅèīĖIJČϟ ϙ ϙ ēôϙēÍŪīĖIJČϙÍIJîϙîĖŜŕĺŜÍīϙĺċϙıĖƄôîϙıŪIJĖèĖŕÍīϙŜĺīĖîϙſÍŜťôϙſĖīīϙæôϙèĺIJťŘÍèťôîϙťĺϙ ĺŪIJťƅϱīĖèôIJŜôîϙſÍŜťôϙēÍŪīôŘŜϠϙſēĺϙſĖīīϙîĖŜŕĺŜôϙĺċϙťēôϙťŘÍŜēϙÍťϙťēôϙÍŕŕŘĺŕŘĖÍťôϙ iīıŜťôîϙ ĺŪIJťƅϙ>ÍèĖīĖťĖôŜϟϙaĖƄôîϙıŪIJĖèĖŕÍīϙſÍŜťôϙĖŜϙŜŪæĤôèťϙťĺϙſÍŜťôϙèĺIJťŘĺīϙ ĺŘîĖIJÍIJèôŜϙÍIJîϙèÍIJIJĺťϙæôϙēÍŪīôîϙĺŪťϙĺċϙťēôϙ ĺŪIJťƅϟ ϙ ϙ ēôϙĺſIJôŘŜϙĺċϙÍIJƅϙèĺııôŘèĖÍīϙŕŘĺŕôŘťĖôŜϙſĖīīϙÍīŜĺϙèĺIJťŘÍèťϙſĖťēϙŜĺīĖîϙſÍŜťôϙ ıÍIJÍČôıôIJťϙÍIJîϙŘôèƅèīĖIJČϙŜôŘŽĖèôŜϙťēŘĺŪČēϙĺIJôϙĺċϙťēôϙiīıŜťôîϙ ĺŪIJťƅϙīĖèôIJŜôîϙ ēÍŪīôŘŜϟ ϙ iīıŜťôîϙ ĺŪIJťƅϙĺīĖîϙ®ÍŜťôϙaÍIJÍČôıôIJťϙīÍIJϙôŜťĖıÍťôŜϙťēÍťϙôÍèēϙŕôŘŜĺIJϙ ČôIJôŘÍťôŜϙ͕ϟ͑ϙŕĺŪIJîŜϙĺċϙıŪIJĖèĖŕÍīϙŜĺīĖîϙſÍŜťôϙîÍĖīƅϙſĖťēϙÍϙ͓͏҇ϙŘôèƅèīĖIJČϙŘÍťôϟϙēôϙ 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îĖŜŕīÍèôîϙťĺϙťēôϙŜŪŘŘĺŪIJîĖIJČϙŪIJîôŽôīĺŕôîϙÍŘôÍŜϙĺIJϙťēôϙĖťôϟ ϙ ϙ [ĺťϙîôŽôīĺŕıôIJťϙſĖťēϙŕôŘıÍIJôIJťϙŘôŜĖîôIJťŜϙÍIJîϙťēôĖŘϙŕôťŜϙſĖīīϙēÍŽôϙÍIJϙ ͒͑ϙ ϙ ĖıŕÍèťϙĺIJϙŜıÍīīϙČÍıôϙÍIJîϙIJĺIJϱϙČÍıôϙŜŕôèĖôŜϠϙôŜŕôèĖÍīīƅϙæĖŘîŜϟϙēôϙ ĖťƅϙĺċϙĺèēôŜťôŘϙŘôŗŪĖŘôŜϙīĖèôIJŜôŜϙÍIJîϙèĺIJťŘĺīϙĺċϙîĺČŜϙĺŘϙèÍťŜϙÍIJîϙ ÍīīĺſŜϙèēĖèħôIJŜϙÍIJîϙîŪèħŜϟϙôŜĖîôIJťŜϙſĖīīϙæôϙôIJèĺŪŘÍČôîϙťĺϙèĺIJťŘĺīϙ ťēôĖŘϙŕôťŜϙēĺſôŽôŘϢϙťēôϙîôČŘôôϙĺċϙĖıŕÍèťϙĺċϙŕôťŜϙĺIJϙſĖīîīĖċôϙſĖīīϙæôϙŪŕϙ ťĺϙťēôϙIJôſϙŘôŜĖîôIJťŜϟ ϙ ϙ æϥ"ôŜèŘĖæôϟŘÍŘôϟċôÍťŪŘôŜϟŜŪèēϟÍŜϟŜťÍťôϷīĖŜťôîϟЂôIJîÍIJČôŘôîϦϟťēŘôÍťôIJôîϦϟĺŘϟŜŕôèĖÍīϟ èĺIJèôŘIJЃϟŜŕôèĖôŜϦϟIJÍťĖŽôϟŕīÍIJťϟèĺııŪIJĖťĖôŜϦϟaĖIJIJôŜĺťÍϟīŪîôϟÍϟîĖŜèŪŜŜĖĺIJϟĺIJϟĖIJťŘĺîŪèťĖĺIJϟÍIJîϟŜŕŘôÍîϟĺċϟĖIJŽÍŜĖŽôϟ ŜŕôèĖôŜϟċŘĺıϟťēôϟŕŘĺĤôèťϟèĺIJŜťŘŪèťĖĺIJϟÍIJîϟĺŕôŘÍťĖĺIJϥϟôŕÍŘÍťôīƅϟîĖŜèŪŜŜϟôƯôèťŜϟťĺϟ ħIJĺſIJϟťēŘôÍťôIJôîϟÍIJîϟôIJîÍIJČôŘôîϟŜŕôèĖôŜϥ ϙ ϙ ēĖŜϙĖIJôŽĖťÍæīôϙſĖīîīĖċôϙîĖŜŕīÍèôıôIJťϙēÍŜϙæôôIJϙÍIJťĖèĖŕÍťôîϙŜĖIJèôϙťēôϙ ĖťƅϙîôèĖîôîϙ ĺIJϙťēôϙċŪťŪŘôϙŘôŜĖîôIJťĖÍīϙīÍIJîϙŪŜôϙÍIJîϙŪŘæÍIJϙŜôŘŽĖèôϙÍŘôÍŜϙĖIJϙ͑͏͏͓ϙſēôIJϙťēôϙīÍIJîϙ ŪŜôϙÍIJîϙČôIJôŘÍīϙîôŽôīĺŕıôIJťϙŕīÍIJϙſÍŜϙÍŕŕŘĺŽôîϙċĺŘϙîôŽôīĺŕıôIJťϙĺċϙĖIJċŘÍŜťŘŪèťŪŘôϙ ťĺϙŜôŘŽôϙîôŽôīĺŕıôIJťϙĺċϙťēôϙŜĖťôϟ ϙ ͒͒ϙ ϙ aĖIJIJôŜĺťÍϙèīĖıÍťôϙťŘôIJîŜϙŜŪČČôŜťϙťēôϙŕŘĺĤôèťϙÍŘôÍϙſĖīīϙæôèĺıôϙſÍŘıôŘϙÍIJîϙſôťťôŘϠϙ ſĖťēϙıĺŘôϙôƄťŘôıôϙŕŘôèĖŕĖťÍťĖĺIJϙôŽôIJťŜϙĖIJϙťēôϙċŪťŪŘôϟϙēôŜôϙťŘôIJîŜϙèÍIJϙĖIJèŘôÍŜôϙ îĖŜôÍŜôϙÍIJîϙŜťŘôŜŜϙĺIJϙſĖīîīĖċôϟϙŕôèĖôŜϙſĖťēϙīĖċôϙèƅèīôŜϙŜƅIJèēŘĺIJĖƏôîϙťĺϙèīĖıÍťôϙĺŘϙ ŕīÍIJϙČŘĺſťēϙôŽôIJťŜϙÍŘôϙÍƯôèťôîϙÍŜϙťēôϙťĖıĖIJČϙĺċϙťēĺŜôϙôŽôIJťŜϙĖŜϙæôèĺıĖIJČϙıĺŘôϙ ŽÍŘĖÍæīôϟ ϙ ēôϙèĺIJťŘĺīϙÍIJîϙŜŕŘôÍîϙĺċϙĖIJŽÍŜĖŽôϙŜŕôèĖôŜϙſĖīīϙæôϙÍîîŘôŜŜôîϙĖIJϙťēôϙČŘÍîĖIJČϙÍIJîϙ èĺIJŜťŘŪèťĖĺIJϙŕīÍIJŜϠϙťēôϙŘôŗŪĖŘôîϙťĺŘıſÍťôŘϙôŘıĖťŜϙċĺŘϙ ĺIJŜťŘŪèťĖĺIJϙĖťôϙèťĖŽĖťƅϙ ÍIJîϙīĺIJČϱťôŘıϙŜťĺŘıſÍťôŘϙıÍIJÍČôıôIJťϟϙēôϙŜĖťôЍŜϙČŘĺŪIJîŜϙſĖīīϙæôϙīÍIJîŜèÍŕôîϙÍIJîϙ ıÍĖIJťÍĖIJôîϙſĖťēϙīÍſIJŜϙÍIJîϙıĺſôîϙŜŕÍèôîϙťƅŕĖèÍīīƅϙċĺŘϙŜĖIJČīôϱċÍıĖīƅϙÍIJîϙ ťĺſIJēĺıôϙîôŽôīĺŕıôIJťŜϟϙ ϙ îϥIîôIJťĖċƅϟıôÍŜŪŘôŜϟťēÍťϟſĖīīϟæôϟťÍħôIJϟťĺϟÍŽĺĖîϦϟıĖIJĖıĖƏôϦϟĺŘϟıĖťĖČÍťôϟťēôϟÍîŽôŘŜôϟ ôƯôèťŜϟťĺϟƱŜēϦϟſĖīîīĖċôϦϟŕīÍIJťϟèĺııŪIJĖťĖôŜϦϟôèĺŜƅŜťôıŜϦϟÍIJîϟŜôIJŜĖťĖŽôϟôèĺīĺČĖèÍīϟ ŘôŜĺŪŘèôŜϥϟ ϙ ϙ ēôϙŜĖťôϙſĖīīϙôƄťôIJîϙťēôϙſôŜťôŘIJϙŪŘæÍIJϙċŘĖIJČôϙĺċϙťēôϙ ĖťƅϙĺċϙĺèēôŜťôŘϙÍIJîϙſĖīīϙ îĖŜŕīÍèôϙſĖīîīĖċôϙċŘĺıϙťēôϙŜĖťôϟϙFĺſôŽôŘϠϙŘôŜĖîôIJťŜϙÍIJîϙſĖīîīĖċôϙſĖīīϙæôIJôƱťϙċŘĺıϙ ťēôϙŕŘôŜôŘŽÍťĖĺIJϙĺċϙťēôϙ(IJŽĖŘĺIJıôIJťÍīϙ ĺŘŘĖîĺŘϟ ϙ ϙ [ÍIJîϙ īôÍŘĖIJČϙÍIJîϙČŘÍîĖIJČϯƱīīĖIJČϙſĖīīϙæôϙċŘĺıϙôŕťôıæôŘϙťĺϙıĖîϱŕŘĖīϙťĺϙÍŽĺĖîϙ îĖŜťŪŘæĖIJČϙıĖČŘÍťĺŘƅϙæĖŘîŜϙÍIJîϙæÍťŜϟ ϙ ϙ ͔͐ϟFIiI ϙi(I( ϙ "ôŜèŘĖæôϟÍIJƅϟēĖŜťĺŘĖèϟŜťŘŪèťŪŘôŜϦϟÍŘèēôĺīĺČĖèÍīϟŜĖťôŜϦϟÍIJîϵĺŘϟťŘÍîĖťĖĺIJÍīϟèŪīťŪŘÍīϟŕŘĺŕôŘťĖôŜϟ ĺIJϟĺŘϟĖIJϟèīĺŜôϟŕŘĺƄĖıĖťƅϟťĺϟťēôϟŜĖťôϥϟIIJèīŪîôϧϟ͖ЃϟēĖŜťĺŘĖèϟîôŜĖČIJÍťĖĺIJŜϦϟ͗ЃϟħIJĺſIJϟÍŘťĖċÍèťϟÍŘôÍϦϟ ÍIJîϟ͘ЃϟÍŘèēĖťôèťŪŘÍīϟċôÍťŪŘôŜϥϟťťÍèēϟīôťťôŘϟŘôèôĖŽôîϟċŘĺıϟťēôϟťÍťôϟFĖŜťĺŘĖèϟŘôŜôŘŽÍťĖĺIJϟ iƯĖèôϟЂFiЃϥϟ"ĖŜèŪŜŜϟÍIJƅϟÍIJťĖèĖŕÍťôîϟôƯôèťϟťĺϟēĖŜťĺŘĖèϟŕŘĺŕôŘťĖôŜϟîŪŘĖIJČϟŕŘĺĤôèťϟ èĺIJŜťŘŪèťĖĺIJϟÍIJîϟĺŕôŘÍťĖĺIJϥϟIîôIJťĖċƅϟıôÍŜŪŘôŜϟťēÍťϟſĖīīϟæôϟťÍħôIJϟťĺϟÍŽĺĖîϦϟıĖIJĖıĖƏôϦϟĺŘϟ ıĖťĖČÍťôϟÍîŽôŘŜôϟôƯôèťŜϟťĺϟēĖŜťĺŘĖèϟŕŘĺŕôŘťĖôŜϥ ϟ ϟ ēôϙťÍťôſĖîôϙFĖŜťĺŘĖèϙIIJŽôIJťĺŘƅϙĺŘťÍīϙϼaIJFIϽϙſÍŜϙŪťĖīĖƏôîϙĺIJϙaÍŘèēϙ͔͑Ϡϙ͑͏͔͑Ϡϙťĺϙ ĖIJŽôŜťĖČÍťôϙēĖŜťĺŘĖèϙŕŘĺŕôŘťĖôŜϙſĖťēĖIJϙťēôϙŘĺĤôèťϙĖťôϟϙēôŘôϙĖŜϙĺIJôϙŕŘĺŕôŘťƅϙĖîôIJťĖƱôîϙ ſĖťēĖIJϙťēôϙ(®ϙŜĖťôϙϼŕŕôIJîĖƄϙ"ϽϟϙēôϙFĖŜťĺŘĖèϙIIJŽôIJťĺŘƅϙbŪıæôŘϙĖŜϙÍϙċÍŘıŜťôÍîϙ ĖîôIJťĖƱôîϙÍŜϙ i[ϷX[Ϸ͕͕͕͖͖ϟ īĺèÍťôîϙÍťϙ͕͓͏͐ϙ«ÍīīôƅϙFĖČēϙîϙb®ϟϙēôϙŕŘĺŕôŘťƅϙĖIJŽôIJťĺŘƅϙ ċĺŘıϙīĖŜťŜϙťēĖŜϙċÍŘıŜťôÍîϙÍŜϙIJĺťϙŘôèĺııôIJîôîϙċĺŘϙīĖŜťĖIJČϙĖIJϙťēôϙbFϙæôèÍŪŜôϙĖťϙīÍèħŜϙ ēĖŜťĺŘĖèÍīϙĖIJťôČŘĖťƅϙÍŜϙÍϙċÍŘıŜťôÍîϟϙϙbĺϙÍîîĖťĖĺIJÍīϙƱIJîĖIJČŜϙÍŘôϙÍIJťĖèĖŕÍťôîϙťĺϙæôϙ ôIJèĺŪIJťôŘôîϙîŪôϙťĺϙťēôϙēĖŜťĺŘĖèÍīϙÍČŘĖèŪīťŪŘÍīϙŪŜôϙĺċϙťēôϙŕŘĺŕôŘťƅϟ ϙ ϙ ϙ ϙ ϙ ϙ ϙ ϙ ͓͒ϙ ϙ ͕͐ϟ«I[ϙ Íϥ"ôŜèŘĖæôϟÍIJƅϟŜèôIJĖèϟŽĖôſŜϟĺŘϟŽĖŜťÍŜϟĺIJϟĺŘϟIJôÍŘϟťēôϟŘĺĤôèťϟĖťôϥϟ"ôŜèŘĖæôϟÍIJƅϟŕŘĺĤôèťϟ ŘôīÍťôîϟŽĖŜŪÍīϟôƯôèťŜϟŜŪèēϟÍŜϟŽÍŕĺŘϟŕīŪıôŜϟĺŘϟČīÍŘôϟċŘĺıϟĖIJťôIJŜôϟīĖČēťŜϥϟ"ĖŜèŪŜŜϟťēôϟ ŕĺťôIJťĖÍīϟŽĖŜŪÍīϟôƯôèťŜϟŜŪèēϟÍŜϟŽÍŕĺŘϟŕīŪıôŜϟĺŘϟČīÍŘôϟċŘĺıϟĖIJťôIJŜôϟīĖČēťŜϥϟ"ĖŜèŪŜŜϟ ťēôϟŕĺťôIJťĖÍīϟŽĖŜŪÍīϟôƯôèťŜϟċŘĺıϟťēôϟŕŘĺĤôèťϥϟIîôIJťĖċƅϟÍIJƅϟıôÍŜŪŘôŜϟťĺϟÍŽĺĖîϟÍIJîϟ ıĖIJĖıĖƏôϟŽĖŜŪÍīϟôƯôèťŜϥ ϙ ϙ ŪŘŘôIJťīƅϠϙťēôϙŽĖôſŜϙċŘĺıϙťēôϙŘĺĤôèťϙĖťôϙĖIJèīŪîôϙČŘĖèŪīťŪŘÍīϙīÍIJîϙťĺϙťēôϙſôŜťϙÍIJîϙ IJĺŘťēϙÍIJîϙĺÍîſÍƅϙÍIJîϙĺŕôIJϙŜŕÍèôϙťĺϙťēôϙŜĺŪťēϟϙĺϙťēôϙôÍŜťϙĖŜϙÍϙŘôŜĖîôIJťĖÍīϙ îôŽôīĺŕıôIJťϙÍIJîϙŜĺıôϙŪIJîôŽôīĺŕôîϙČŘĖèŪīťŪŘÍīϙīÍIJîϟϙēôŘôϙÍŘôϙIJĺϙŪIJĖŗŪôϙŜèôIJĖèϙ ŽĖôſŜϙċŘĺıϙťēôϙŘĺĤôèťϙĖťôϙĺŘϙŜèôIJĖèϙ«ĖŜťÍЍŜϙĺIJϙĺŘϙIJôÍŘϙťēôϙŘĺĤôèťϟϙ ϙ ēôϙŘĺĤôèťϙſĖīīϙIJĺťϙèŘôÍťôϙÍIJƅϙŪIJŪŜŪÍīϙĺŘϙŪIJÍIJťĖèĖŕÍťôîϙŽĖŜŪÍīϙĖıŕÍèťŜϟϙēôϙŘĺĤôèťϙ ĖťôϙēÍŜϙŜĺıôϙŘôŜĖîôIJťĖÍīϙēĺŪŜĖIJČϙèĺıŕīôťôîϙÍIJîϙĺèèŪŕĖôîϟϙēôϙŽĖŜŪÍīϙôƯôèťϙſĖīīϙæôϙ ťēôϙťŘÍIJŜċĺŘıÍťĖĺIJϙċŘĺıϙŕŘĖıÍŘĖīƅϙČŘĖèŪīťŪŘÍīϙÍIJîϙŽÍèÍIJťϙīÍIJîϙťĺϙĺIJôϱϙÍIJîϙťſĺϱŜťĺŘƅϙ ŘôŜĖîôIJťĖÍīϙēĺŪŜôŜϙſĖťēϙĺŕôIJϙŜŕÍèôϙèĺŘŘĖîĺŘŜϙÍIJîϙŜťĺŘıϙſÍťôŘϙæÍŜĖIJŜϟ ϙ ēôϙŘĺĤôèťϙſĖīīϙèĺıŕīƅϙſĖťēϙťēôϙ ĖťƅϙĺċϙĺèēôŜťôŘϙīĖČēťĖIJČϙŜťÍIJîÍŘîŜϙſēĖèēϙŘôŗŪĖŘôϙèŪťϙ ĺƯϙīĖČēťĖIJČϙŜťÍIJîÍŘîŜϙťĺϙŘôîŪèôϙīĖČēťϙĖIJťôIJŜĖťƅϙċĺŘϙŜťŘôôťϙīĖČēťĖIJČϙÍIJîϙĺťēôŘϙĺŪťîĺĺŘϙ īĖČēťĖIJČϙťēÍťϙſĖīīϙèÍŪŜôϙČīÍŘôϙċŘĺıϙťēôϙīĖČēťĖIJČϟ ϙ īīϙôƄťôŘĖĺŘϙīĖČēťĖIJČϙıŪŜťϙèĺıŕīƅϙſĖťēϙťēôϙôŗŪĖŘôıôIJťŜϙĺċϙôèťĖĺIJϙ͕͏ϟ͓͏͏ϟ͐͏͏ϙĺċϙťēôϙ IJĖƱôîϙ"ôŽôīĺŕıôIJťϙ ĺîôϙϼ" ϽϙŘôèôIJťīƅϙÍîĺŕťôîϙÍIJîϙÍıôIJîôîϙ"ôèôıæôŘϙ͓Ϡϙ͑͏͓͑ϟ ϙ ϟŘôŜŪīťŜϟĺċϟťēÍťϟÍŜŜôŜŜıôIJťϥϟIîôIJťĖċƅϟ ŕĺīīŪťĖĺIJϟèĺIJťŘĺīϟôŗŪĖŕıôIJťϟÍIJîϟĺťēôŘϟıôÍŜŪŘôŜϟťēÍťϟſĖīīϟæôϟťÍħôIJϟťĺϟÍŽĺĖîϦϟ ıĖIJĖıĖƏôϦϟĺŘϟıĖťĖČÍťôϟÍîŽôŘŜôϟôƯôèťŜϟċŘĺıϟŜťÍťĖĺIJÍŘƅϟŜĺŪŘèôϟôıĖŜŜĖĺIJŜϥ ϙ ϙ ēôϙŕŘĺŕĺŜôîϙŕŘĺĤôèťϙîĺôŜϙIJĺťϙĖIJèīŪîôϙēôÍŽƅϙĖIJîŪŜťŘĖÍīϙċÍèĖīĖťĖôŜϠϙæŪťϙĖťϙſĖīīϙŜťĖīīϙĖIJŽĺīŽôϙ ŜĺıôϙŜťÍťĖĺIJÍŘƅϙŜĺŪŘèôϙÍĖŘϙôıĖŜŜĖĺIJŜϟϙbôſϙŜĖIJČīôϱċÍıĖīƅϙēĺıôŜϙÍIJîϙťĺſIJϙēĺıôŜϙÍŘôϙ ôƄŕôèťôîϙťĺϙĖIJèīŪîôϙēôÍťĖIJČϙÍIJîϙèĺĺīĖIJČϙŜƅŜťôıŜϙĺŕôŘÍťôîϙæƅϙIJÍťŪŘÍīϙČÍŜϙÍIJîϙ ôīôèťŘĖèĖťƅϠϙŘôŜŪīťĖIJČϙĖIJϙîĖŘôèťϙĺŘϙĖIJîĖŘôèťϙŜĺŪŘèôŜϙĺċϙŜťÍťĖĺIJÍŘƅϙČŘôôIJēĺŪŜôϙČÍŜϙϼ@F@Ͻϙ ôıĖŜŜĖĺIJŜϟϙēôŜôϙôıĖŜŜĖĺIJŜϙÍŘôϙÍîîŘôŜŜôîϙīÍťôŘϙĖIJϙťēĖŜϙ(®ϠϙŪIJîôŘϙIťôıϙ͖͐ϟ ϙ ͔͒ϙ ϙ ϙ æϥ«ôēĖèīôϟôıĖŜŜĖĺIJŜϟϹϟ"ôŜèŘĖæôϟťēôϟôƯôèťϟĺċϟťēôϟŕŘĺĤôèťГŜϟťŘÍƯĖèϟČôIJôŘÍťĖĺIJϟĺIJϟÍĖŘϟ ôıĖŜŜĖĺIJŜϥϟ"ĖŜèŪŜŜϟťēôϟŕŘĺĤôèťГŜϟŽôēĖèīôϷŘôīÍťôîϟôıĖŜŜĖĺIJŜϟôƯôèťϟĺIJϟÍĖŘϟŗŪÍīĖťƅϥϟ IîôIJťĖċƅϟıôÍŜŪŘôŜϟЂôϥČϥϟťŘÍƯĖèϟĺŕôŘÍťĖĺIJÍīϟĖıŕŘĺŽôıôIJťŜϦϟîĖôŜôīϟĖîīĖIJČϟıĖIJĖıĖƏÍťĖĺIJϟ ŕīÍIJЃϟťēÍťϟſĖīīϟæôϟťÍħôIJϟťĺϟıĖIJĖıĖƏôϟĺŘϟıĖťĖČÍťôϟŽôēĖèīôϷŘôīÍťôîϟôıĖŜŜĖĺIJŜϥ ϟ ϙ ēôϙŕŘĺŕĺŜôîϙŕŘĺĤôèťϙſĖīīϙČôIJôŘÍťôϙĖIJèŘôÍŜôîϙťŘÍƯĖèϠϙſēĖèēϙſĖīīϙŘôŜŪīťϙĖIJϙÍϙŘôīÍťĖŽôīƅϙ ŜıÍīīϙèĺŘŘôŜŕĺIJîĖIJČϙĖIJèŘôÍŜôϙĖIJϙèÍŘæĺIJϙıĺIJĺƄĖîôϠϙèÍŘæĺIJϙîĖĺƄĖîôϙÍIJîϙĺťēôŘϙŽôēĖèīôϱϙ ŘôīÍťôîϙÍĖŘϙôıĖŜŜĖĺIJŜϟϙŘĺĤôèťϙîôŽôīĺŕıôIJťϙĖŜϙôƄŕôèťôîϙťĺϙēÍŽôϙÍϙıĖIJĺŘϙôƯôèťϙĺIJϙÍĖŘϙ ŗŪÍīĖťƅϟϙ@F@ϙôıĖŜŜĖĺIJŜϙŘôīÍťôîϙťĺϙťŘÍƯĖèϙÍIJîϙťŘÍIJŜŕĺ؝͝ĖĺIJϙÍŘôϙÍîîŘôŜŜôîϙīÍťôŘϙĖIJϙťēĖŜϙ (®ϠϙŪIJîôŘϙIťôıϙ͐͗ϟϙēôϙŕŘĺĤôèťϙîĺôŜϙIJĺťϙĖIJèīŪîôϙÍĖŘϙŗŪÍīĖťƅϙıĺIJĖťĺŘĖIJČϙĺŘϙıĺîôīĖIJČϟ ϙ èϥ"ŪŜťϟÍIJîϟiîĺŘŜϟϹϟ"ôŜèŘĖæôϟŜĺŪŘèôŜϦϟèēÍŘÍèťôŘĖŜťĖèŜϦϟîŪŘÍťĖĺIJϦϟŗŪÍIJťĖťĖôŜϟÍIJîϟ ĖIJťôIJŜĖťƅϟîŪŜťϟÍIJîϟĺîĺŘŜϟČôIJôŘÍťôîϟîŪŘĖIJČϟŕŘĺĤôèťϟèĺIJŜťŘŪèťĖĺIJϟÍIJîϟĺŕôŘÍťĖĺIJϥϟ Ђ>ŪČĖťĖŽôϟîŪŜťϟıÍƅϟæôϟîĖŜèŪŜŜôîϟŪIJîôŘϟĖťôıϟ͖͜ÍЃϥϟ"ĖŜèŪŜŜϟťēôϟôƯôèťϟĺċϟîŪŜťϟÍIJîϟ ĺîĺŘŜϟĖIJϟťēôϟŽĖèĖIJĖťƅϟĺċϟťēôϟŕŘĺĤôèťϟĖIJèīŪîĖIJČϟIJôÍŘæƅϟŜôIJŜĖťĖŽôϟŘôèôŕťĺŘŜϟÍIJîϟŗŪÍīĖťƅϟĺċϟ īĖċôϥϟIîôIJťĖċƅϟıôÍŜŪŘôŜϟťēÍťϟſĖīīϟæôϟťÍħôIJϟťĺϟıĖIJĖıĖƏôϟĺŘϟıĖťĖČÍťôϟťēôϟôƯôèťŜϟĺċϟîŪŜťϟ ÍIJîϟĺîĺŘŜϥ ϟ ϙ "ŪŜťϙſĖīīϙæôϙČôIJôŘÍťôîϙîŪŘĖIJČϙťēôϙèĺIJŜťŘŪèťĖĺIJϙÍèťĖŽĖťĖôŜϙĺIJϙťēôϙŜĖťôϟϙēôϙèĺIJťŘÍèťĺŘŜϙ ſĖīīϙæôϙŘôŗŪĖŘôîϙťĺϙèĺIJťŘĺīϙîŪŜťϙŪŜĖIJČϙſÍťôŘϙťŘŪèħŜϟϙēôϙÍČŘĖèŪīťŪŘÍīϙīÍIJîŜϠϙ ĺŪIJťƅϙĺÍîϙ ϭ͓͓ϠϙÍIJîϙ ϙ͔͐͗ϙÍŘôϙťēôϙèīĺŜôŜťϙŘôèôŕťĺŘŜϙĺċϙťēôϙîŪŜťϟϙēĺŘťϙťôŘıϙîŪŜťϙÍIJîϙĺîĺŘϙ ıÍIJÍČôıôIJťϙſĖīīϙæôϙēÍIJîīôîϙťēŘĺŪČēϙŕŘĺŕôŘϙèĺĺŘîĖIJÍťĖĺIJϙÍIJîϙŕīÍIJIJĖIJČϙĖIJϙťēôϙ èĺIJŜťŘŪèťĖĺIJϙŕēÍŜôϟϙ ϙ ϙ ͐͗ϟ@((bFi(ϙ@ϙϼ@F@Ͻϙ(aIIibϙ ϟ ÍIJîϟÍIJƅϟ@F@ϟôıĖŜŜĖĺIJϟŜĺŪŘèôŜϟIJĺťϟĖIJèīŪîôîϟĖIJϟťēôϟťĺťÍīϟèÍīèŪīÍťĖĺIJŜϥ ϟ ϙ @F@ϙôıĖŜŜĖĺIJŜϙſôŘôϙôŜťĖıÍťôîϙŪŜĖIJČϙťēôϙϟϟϙ(IJŽĖŘĺIJıôIJťÍīϙŘĺťôèťĖĺIJϙČôIJèƅϙ ϼ(ϽϙĖıŕīĖƱôîϙ@F@ϙ(ıĖŜŜĖĺIJŜϙ ÍīèŪīÍťĺŘϙϼaÍƅϙ͑͏͑͒Ͻϟϙ(ıĖŜŜĖĺIJϙôŜťĖıÍťôŜϙÍŘôϙ ŜŪııÍŘĖƏôîϙĖIJϙÍæīôŜϙ͐͘ϙÍIJîϙ͑͏ϙæƅϙŕŘĺĤôèťϙŕēÍŜôϙϼèĺIJŜťŘŪèťĖĺIJϠϙĺŕôŘÍťĖĺIJŜϽϠϙ ôıĖŜŜĖĺIJϙťƅŕôϠϙÍIJîϙ iϙôŗŪĖŽÍīôIJťŜϟϙôôϙŕŕôIJîĖƄϙ>ϙċĺŘϙťēôϙŘôŜŪīťŜϙċŘĺıϙťēôϙ(ϙ ͑ ĖıŕīĖƱôîϙ@F@ϙ(ıĖŜŜĖĺIJϙ ÍīèŪīÍťĺŘϟ ϙ ͕͒ϙ ϙ ēĖŜϙÍŜŜôŜŜıôIJťϙèĺIJŜĖîôŘŜϙ@F@ϙôıĖŜŜĖĺIJŜϙċŘĺıϙÍϙŽÍŘĖôťƅϙĺċϙŜĺŪŘèôŜϟϙèĺŕôϙ͐ϙ ôıĖŜŜĖĺIJŜϙÍŘôϙîĖŘôèťϙôıĖŜŜĖĺIJŜϙċŘĺıϙťēôϙŕŘĺĤôèťϙĺŘϙŪIJîôŘϙťēôϙèĺIJťŘĺīϙĺċϙťēôϙŕŘĺĤôèťϙ ŕŘĺŕĺŜôŘϟϙ(ƄÍıŕīôŜϙĖIJèīŪîôϙťēôϙŪŜôϙĺċϙıĺæĖīôϙèĺIJŜťŘŪèťĖĺIJϙôŗŪĖŕıôIJťϙÍIJîϙťēôϙŪŜôϙ ĺċϙŜťÍťĖĺIJÍŘƅϙċŪŘIJÍèôŜϟϙèĺŕôϙ͑ϙÍIJîϙ͒ϙôıĖŜŜĖĺIJŜϙÍŘôϙĖIJîĖŘôèťϙôıĖŜŜĖĺIJŜϟϙèĺŕôϙ͑ϙ ôıĖŜŜĖĺIJŜϙĖIJèīŪîôϙťēĺŜôϙċŘĺıϙĺƯŜĖîôϙČôIJôŘÍťĖĺIJϙĺċϙôīôèťŘĖèĖťƅϟϙèĺŕôϙ͒ϙôıĖŜŜĖĺIJŜϙ ĖIJèīŪîôϙťēĺŜôϙċŘĺıϙĺƯŜĖťôϙſÍŜťôϙıÍIJÍČôıôIJťϠϙĖIJèīŪîĖIJČϙīÍIJîƱīīŜϠϙĖIJèĖIJôŘÍťĖĺIJϠϙ ŘôèƅèīĖIJČϠϙÍIJîϙèĺıŕĺŜťĖIJČϟ ϙ ĺııĺIJϙ@F@ϙôıĖŜŜĖĺIJŜϙĖIJèīŪîôϙèÍŘæĺIJϙîĖĺƄĖîôϙϼ iϽϠϙıôťēÍIJôϙϼ FϽϠϙÍIJîϙIJĖťŘĺŪŜϙ ͓͑ ĺƄĖîôϙϼbiϽϟϙ@F@ϙôıĖŜŜĖĺIJŜϙÍŘôϙèŪŜťĺıÍŘĖīƅϙèĺIJŽôŘťôîϙťĺϙèÍŘæĺIJϙîĖĺƄĖîôϙ ͑ ôŗŪĖŽÍīôIJťŜϙϼ iôϽϙŪŜĖIJČϙČīĺæÍīϙſÍŘıĖIJČϙèĺIJŽôŘŜĖĺIJϙċÍèťĺŘŜϙťĺϙŘôŕŘôŜôIJťϙťēôϙČīĺæÍīϙ ͑ ſÍŘıĖIJČϙŕĺťôIJťĖÍīϙĺŽôŘϙ͐͏͏ϙƅôÍŘŜϠϙôŗŪĖŽÍīôIJťϙťĺϙĺIJôϙťĺIJϙĺċϙ iϙîôŘĖŽôîϙċŘĺıϙċĺŜŜĖīϙ ͑ ċŪôīϟ ϙ @F@ϙôıĖŜŜĖĺIJŜϙÍŘôϙôƄŕôèťôîϙťĺϙŘôŜŪīťϙċŘĺıϡ ϙ ͐ϟŜôϙĺċϙŕôťŘĺīôŪıϙċŪôīôîϙŽôēĖèīôŜϙÍIJîϙôŗŪĖŕıôIJťϙċĺŘϙ ťŘÍIJŜŕĺ؝͝ĖĺIJϙÍIJîϙŕŘĺĤôèťϙèĺIJŜťŘŪèťĖĺIJϢ ϙ ͑ϟŜôϙĺċϙIJÍťŪŘÍīϙČÍŜϙťĺϙēôÍťϙēĺıôŜϠϙĺťēôŘϙæŪĖīîĖIJČŜϠϙÍIJîϙſÍťôŘϢ ϙ ͒ϟôťôŘıĖIJôîϙæƅϙťēôϙĖıŕīĖƱôîϙ@F@ϙ(ıĖŜŜĖĺIJŜϙ ÍīèŪīÍťĺŘϙϼŕŕôIJîĖƄϙ >Ͻϟϙ(ŜťĖıÍťôîϙ@F@ϙôıĖŜŜĖĺIJŜϙÍŘôϙŕŘĺŽĖîôîϙĺIJϙÍIJϙÍŽôŘÍČôϙÍIJIJŪÍīϙæÍŜĖŜϙĖIJϙıôťŘĖèϙ ťĺIJŜϙĺċϙèÍŘæĺIJϙîĖĺƄĖîôϙôŗŪĖŽÍīôIJťϙϼ iôϽϙÍIJîϙĖIJèīŪîôϙťēôϙæôŜťϙôŜťĖıÍťôϙĺċϙÍŽôŘÍČôϙ ͑ ÍIJIJŪÍīϙôıĖŜŜĖĺIJŜϙĺŽôŘϙťēôϙŕŘĺŕĺŜôîϙīĖċôϙĺċϙťēôϙŕŘĺĤôèťϟ ϙ ϙ ϙ ϙ ͖͒ϙ ϙ Íæīôϙ͓͐ϟϙ@F@ϙ(ıĖŜŜĖĺIJϙ ÍīèŪīÍťĖĺIJϙaôťēĺîŜ ϙ ϙ (ıĖŜŜĖĺIJ ϙ èĺŕô ϙ ÍīèŪīÍťĖĺIJϙaôťēĺîŜ ϙŜŜŪıŕťĖĺIJŜ ϙ ƅŕô ϙŪæϱťƅŕô ϙ ĺIJŜťŘŪèťĖĺIJ ϙ ĺťÍīϙIJÍťŪŘÍīϙČÍŜϙŪŜôϙîŪŘĖIJČϙ ťēôϙ͔ϱƅôÍŘϙèĺIJŜťŘŪèťĖĺIJϙ bÍťŪŘÍīϙČÍŜϙŪŜôϙſÍŜϙ ŕôŘĖĺîϙĖŜϙÍŜŜŪıôîϙťĺϙôŗŪÍīϙ ôŜťĖıÍťôîϙċŘĺıϙťēôϙ͑͏͑͏ϙ ͐ϙƅôÍŘϙĺċϙIJÍťŪŘÍīϙČÍŜϙŪŜôϙ ôŜĖîôIJťĖÍīϙ(IJôŘČƅϙ ťÍťĖĺIJÍŘƅϙîŪŘĖIJČϙŕŘĺĤôèťϙĺŕôŘÍťĖĺIJŜϟϙ ͐ϙťÍťĖĺIJÍŘƅ ϙ ĺIJŜŪıŕťĖĺIJϙŪŘŽôƅϙϼϟϟϙ (ŗŪĖŕıôIJť ϙIJIJŪÍīϙIJÍťŪŘÍīϙČÍŜϙŪŜôϙ (Iϙ͑͏͓͑ϽϠϙôŜĖîôIJťĖÍīϙ îŪŘĖIJČϙèĺIJŜťŘŪèťĖĺIJϙĖŜϙ (IJôŘČƅϙ ĺIJŜŪıŕťĖĺIJϙ ÍŜŜŪıôîϙťĺϙæôϙ͑͏҇ϙĺċϙ "ÍŜēæĺÍŘîϟ ϙ ÍIJIJŪÍīϙIJÍťŪŘÍīϙČÍŜϙŪŜôϙ îŪŘĖIJČϙŕŘĺĤôèťϙĺŕôŘÍťĖĺIJŜϟ ϙ "ĖôŜôīϙċŪôīϙŪŜôϙſÍŜϙŘĺĤôèťϙèĺIJŜťŘŪèťĖĺIJϙĖŜϙ ôŜťĖıÍťôîϙċŘĺıϙťēôϙ (ϙÍŜŜŪıôîϙťĺϙťÍħôϙ͔ϙƅôÍŘŜϙ aĺæĖīôϙĖŘϙŪÍīĖťƅϙFÍIJîæĺĺħϙÍIJîϙ͗Ϡ͏͏͏ϙēĺŪŘŜϙĺċϙîĖôŜôīϙ ͐ϙ ĺıæŪŜťĖĺIJ ϙ (ŗŪĖŕıôIJť ϙ ϼ a"ϙ͐͒͘͘ϽϠϙÍæīôϙ͘ϱèĺIJŜťŘŪèťĖĺIJϙôŗŪĖŕıôIJťϙÍťϙ ͒(Ϡϙ>ŪôīϙŪŜÍČôϙôŜťĖıÍťôŜϙÍIJϙÍŽôŘÍČôϙŘÍťĖIJČϙĺċϙ͒͏͏ϙ ŕôŘϙēĺŘŜôϱŕĺſôŘϙēĺŪŘϟϙ ϙ ēĺŘŜôŕĺſôŘϟϙ ϙ ĺťÍīϙôīôèťŘĖèĖťƅϙŪŜôϙîŪŘĖIJČϙ ťēôϙ͔ϱƅôÍŘϙèĺIJŜťŘŪèťĖĺIJϙ (īôèťŘĖèĖťƅϙŪŜôϙſÍŜϙ ŕôŘĖĺîϙĖŜϙÍŜŜŪıôîϙťĺϙôŗŪÍīϙ ôŜťĖıÍťôîϙċŘĺıϙťēôϙ͑͏͑͏ϙ ͐ϙƅôÍŘϙĺċϙôīôèťŘĖèĖťƅϙŪŜôϙ ôŜĖîôIJťĖÍīϙ(IJôŘČƅϙ iƯŜĖťôϙîŪŘĖIJČϙŕŘĺĤôèťϙĺŕôŘÍťĖĺIJŜϟϙ ͑ϙ @ŘĖîϱæÍŜôî ϙ ĺIJŜŪıŕťĖĺIJϙŪŘŽôƅϙϼϟϟϙ (īôèťŘĖèĖťƅ ϙIJIJŪÍīϙôīôèťŘĖèĖťƅϙŪŜôϙ (Iϙ͑͏͓͑ϽϠϙôŜĖîôIJťĖÍīϙ îŪŘĖIJČϙèĺIJŜťŘŪèťĖĺIJϙĖŜϙ (IJôŘČƅϙ ĺIJŜŪıŕťĖĺIJϙ ÍŜŜŪıôîϙťĺϙæôϙ͑͏҇ϙĺċϙ "ÍŜēæĺÍŘîϟ ϙ ÍIJIJŪÍīϙôīôèťŘĖèĖťƅϙŪŜôϙ îŪŘĖIJČϙŕŘĺĤôèťϙĺŕôŘÍťĖĺIJŜϟ ϙ ÍŘæĺIJϙŜôŗŪôŜťŘÍťĖĺIJϙťēÍťϙ ſĖīīϙIJĺťϙĺèèŪŘϙîŪôϙťĺϙīÍIJîϙ ŪŜôϙèēÍIJČôŜϙĖŜϙæÍŜôîϙĺIJϙ ŘĺĤôèťϙèĺIJŜťŘŪèťĖĺIJϙĖŜϙ ťēôϙIIJŽôIJťĺŘƅϙĺċϙϟϟϙ ÍŜŜŪıôîϙťĺϙèĺIJŽôŘťϙ͏ϙÍèŘôŜϙ @ŘôôIJēĺŪŜôϙ@ÍŜϙ ĺċϙċĺŘôŜťϙÍIJîϙ³³ϙÍèŘôŜϙĺċϙ (ıĖŜŜĖĺIJŜϙÍIJîϙĖIJħŜϡϙ ċÍŘıīÍIJîϙťĺϙîôŽôīĺŕôîϙ ͐͘͘͏ϳ͑͏͑͒Ϡϙ ēÍŕťôŘϙ͕Ϡϙ ŪŜôŜϟϙϙĺťÍīϙ i͑ôϙ ͐ϙ[ÍIJîϙŜô ϙ ĺIJŽôŘŜĖĺIJ ϙ[ÍIJîϙŜôϠϙ[ÍIJîϱŜôϙ ŜôŗŪôŜťŘÍťĖĺIJϙŘôîŪèťĖĺIJϙĖŜϙ ēÍIJČôϠϙÍIJîϙ>ĺŘôŜťŘƅϙϼϟϟϙ æÍŜôîϙĺIJϙťēôϙ͔ϱƅôÍŘϙ (ϙ͑͏͓͑æϽϠϙÍæīôϙ͕ϱ͔Ϡϙ èĺIJŜťŘŪèťĖĺIJϙŕôŘĖĺîϙŕīŪŜϙ [ÍIJîϙŜôϙÍIJîϙ[ÍIJîϱŜôϙ ťēôϙ͔͏ϱƅôÍŘϙŕŘĺĤôèťϙŜôŘŽĖèôϙ ēÍIJČôϙċĺŘϙťēôϙϟϟϙ īĖċôϟ ϙ aÍIJÍČôîϙ[ÍIJîϙ ͕͐͒Ϡϙbôťϙ i͑ϙ>īŪƄϙċŘĺıϙ ĺĖīϠϙ"ôÍîϙiŘČÍIJĖèϙaÍťťôŘϙ ÍIJîϙ ®ÍŜťôϙaÍIJÍČôıôIJťϙīÍIJϙ ͑͏͑͑ϱ͑͏͒͑ϙϼiīıŜťôîϙ ĺŪIJťƅϙ͑͏͑͑Ͻϟ ϙ ϙ ēôϙ@F@ϙ(ıĖŜŜĖĺIJϙ ÍīèŪīÍťĺŘϙôŜťĖıÍťôîϙťēÍťϙťēôϙŕŘĺĤôèťϙſĖīīϙČôIJôŘÍťôϙ͔Ϡ͏͐͑ϙıôťŘĖèϙ ťĺIJŜϙĺċϙ iôϙôıĖŜŜĖĺIJŜϙÍIJIJŪÍīīƅϙîŪŘĖIJČϙťēôϙ͔ϱƅôÍŘϙèĺIJŜťŘŪèťĖĺIJϙŕôŘĖĺîϙÍIJîϙ͗Ϡ͕͔͕ϙ ͑ ıôťŘĖèϙťĺIJŜϙĺċϙ iôϙôıĖŜŜĖĺIJϙÍIJIJŪÍīīƅϙîŪŘĖIJČϙťēôϙ͔͏ϱƅôÍŘϙŕŘĺĤôèťϙîôŜĖČIJϙŜôŘŽĖèôϙ ͑ īĖċôϟϙ"ŪŘĖIJČϙèĺIJŜťŘŪèťĖĺIJϙÍIJîϙĺŕôŘÍťĖĺIJŜϠϙťēôϙŕŘĺĤôèťϙĖŜϙôƄŕôèťôîϙťĺϙČôIJôŘÍťôϙÍϙťĺťÍīϙ ĺċϙ͐͒Ϡ͕͕͗ϙťĺIJŜϙĺċϙ iôϙôıĖŜŜĖĺIJŜϟϙæĺŪťϙ͖͒҇ϙĺċϙťēôϙ iôϙôıĖŜŜĖĺIJŜϙÍŘôϙôƄŕôèťôîϙťĺϙ ͑͑ æôϙċŘĺıϙèĺIJŜťŘŪèťĖĺIJϙÍIJîϙÍæĺŪťϙ͕͒҇ϙÍŘôϙôƄŕôèťôîϙċŘĺıϙŕŘĺĤôèťϙĺŕôŘÍťĖĺIJŜϟ ϙ Íæīôϙ͔͐ϟϙ@ŘôôIJēĺŪŜôϙ@ÍŜϙ(ıĖŜŜĖĺIJŜϙċŘĺıϙŘĺĤôèťϙ ĺIJŜťŘŪèťĖĺIJ ϙ (ıĖŜŜĖĺIJ ϙIJIJŪÍīϙ iôϙĺťÍīϙ iô ϙ ͑͑ ĖŘϙ èĺŕô ϙ(ıĖŜŜĖĺIJŜϙϼıôťŘĖèϙ(ıĖŜŜĖĺIJŜ ϙ (ıĖŜŜĖĺIJ ϙ ƅŕô ϙŪæϱťƅŕô ϙ ťĺIJŜϯƅŘϽ ϙ ϼıôťŘĖèϙťĺIJŜϽ ϙ ͐ ͐ϱťÍťĖĺIJÍŘƅϙ i͑Ϡϙb͑iϠϙ ĺıæŪŜťĖĺIJ ϙ͓͖͏ϟ͕ϙ͑Ϡ͔͒͒ϙ "ĖŘôèť ϙ(ŗŪĖŕıôIJť ϙ F͓ϙ ͐ϱaĺæĖīôϙ i͑Ϡϙb͑iϠϙ ĺıæŪŜťĖĺIJ ϙ͗͒͘ϙ͓Ϡ͔͐͘ϙ "ĖŘôèť ϙ(ŗŪĖŕıôIJť ϙ F͓ϙ ͑ϱiƯŜĖťôϙ i͑Ϡϙb͑iϠϙ @ŘĖîϱæÍŜôî ϙ͖͕ϙ͕͓͒ϙ IIJîĖŘôèť ϙ(īôèťŘĖèĖťƅ ϙ F͓ϙ ͐ϱ i͑Ϡϙb͑iϠϙ [ÍIJîϙŜô ϙ ĺIJŽôŘŜĖĺIJ ϙ͑Ϡ͏͏͒ϙ͐͏Ϡ͏͔͐ϙ "ĖŘôèť ϙ F͓ϙ ĺťÍī ϙϙϙϙ͖Ϡ͏͔͐ϙ͔͒Ϡ͏͖͔ϙ ĺťÍīϙ iôϙôıĖŜŜĖĺIJŜϙÍŜŜŪıôϙÍϙ͔ϱƅôÍŘϙèĺIJŜťŘŪèťĖĺIJϙŕôŘĖĺîϙÍIJîϙÍϙŜťÍIJîÍŘîϙ͔͏ϱƅôÍŘϙŕŘĺĤôèťϙîôŜĖČIJϙ ͐ ͑ ŜôŘŽĖèôϙīĖċôϟϙϙĺťÍīϙ iôϙôıĖŜŜĖĺIJŜϙċĺŘϙīÍIJîϙŪŜôϙèĺIJŽôŘŜĖĺIJϙĖIJèīŪîôŜϙťēôϙ͔ϱƅôÍŘϙèĺIJŜťŘŪèťĖĺIJϙŕôŘĖĺîϙ ͑ ϙ ŕīŪŜϙťēôϙ͔͏ϱƅôÍŘϙŕŘĺĤôèťϙŜôŘŽĖèôϙīĖċôϟ Íæīôϙ͕͐ϟϙ@ŘôôIJēĺŪŜôϙ@ÍŜϙ(ıĖŜŜĖĺIJŜϙċŘĺıϙŘĺĤôèťϙiŕôŘÍťĖĺIJŜ ϙ (ıĖŜŜĖĺIJ ϙĺťÍīϙ iô ϙ ͑ IJIJŪÍīϙ iôϙ ͑ ĖŘϙ(ıĖŜŜĖĺIJŜ ϙ èĺŕô ϙ(ıĖŜŜĖĺIJŜϙ (ıĖŜŜĖĺIJ ϙ ϼıôťŘĖèϙ ƅŕô ϙŪæϱťƅīô ϙ ϼıôťŘĖèϙťĺIJŜϯƅŘϽ ϙ ťĺIJŜϽ ϙ ͐ ͐ϱťÍťĖĺIJÍŘƅϙ iϠϙbiϠϙ ͑͑ ĺıæŪŜťĖĺIJ ϙ͑Ϡ͔͒͒ϙ͖͐͐Ϡ͕͔͏ϙ "ĖŘôèť ϙ(ŗŪĖŕıôIJť ϙ F ϙ ͓ ͐ϱaĺæĖīôϙ iϠϙbiϠϙ ͑͑ ĺıæŪŜťĖĺIJ ϙ͓Ϡ͓͗͒ϙ͓͑͑Ϡ͔͐͏ϙ "ĖŘôèť ϙ(ŗŪĖŕıôIJť ϙ F ϙ ͓ ͑ϱiƯŜĖťôϙ iϠϙbiϠϙ ͑͑ @ŘĖîϱæÍŜôî ϙ͐Ϡ͗͑͏ϙ͐͘Ϡ͏͏͏ϙ IIJîĖŘôèť ϙ(īôèťŘĖèĖťƅ ϙ F ϙ ͓ iƯŜĖťôϙ ͒ϱ ®ÍŜťôϙŘôÍ ϙ iϠϙ F ϙ͐Ϡ͏͕͗ϙ͔͒Ϡ͓͏͏ϙ ͓͑ IIJîĖŘôèť ϙ aÍIJÍČôıôIJť ϙ ĺťÍī ϙϙϙϙ͘Ϡ͖͓͑ϙ͓͕͗Ϡ͑͏͏ϙ ϟ ĺťÍīϙ iôϙôıĖŜŜĖĺIJŜϙÍŜŜŪıôϙÍϙŜťÍIJîÍŘîϙ͔͏ϱƅôÍŘϙŕŘĺĤôèťϙîôŜĖČIJϙŜôŘŽĖèôϙīĖċôϟ ͐ ͑ ϟ ͓͏ϙ ϙ Íϥ@F@ϟŜŜôŜŜıôIJť ϟ Ėϥ"ôŜèŘĖæôϟÍIJƅϟıĖťĖČÍťĖĺIJϟèĺIJŜĖîôŘÍťĖĺIJŜϟťĺϟŘôîŪèôϟťēôϟŕŘĺĤôèťГŜϟ@F@ϟ ôıĖŜŜĖĺIJŜϥ ϟ aĖťĖČÍťĖĺIJϙÍIJîϙÍîÍŕťÍťĖĺIJϙıôÍŜŪŘôŜϙèĺŪīîϙīôŜŜôIJϙťēôϙĖıŕÍèťŜϙĺċϙèīĖıÍťôϙèēÍIJČôϙ ÍIJîϙ@F@ϙôıĖŜŜĖĺIJŜϟϙϙaĖťĖČÍťĖĺIJϙıôÍŜŪŘôŜϙèÍIJϙæôϙČŘĺŪŕôîϙĖIJťĺϙťēĺŜôϙôƄŕôèťôîϙťĺϙ æôϙĖıŕīôıôIJťôîϙČĖŽôIJϙťēôϙèŪŘŘôIJťϙŜťÍťŪŜϙĺċϙŕŘĺĤôèťϙîôŜĖČIJϠϙÍIJîϙťēĺŜôϙťēÍťϙıÍƅϙæôϙ ĖıŕīôıôIJťôîϙĖIJϙťēôϙċŪťŪŘôϙÍŜϙťēôϙŕŘĺĤôèťϙîôŜĖČIJϙÍîŽÍIJèôŜϠϙÍIJîϙťēôϙŕŘĺĤôèťϙôŽĺīŽôŜϙ ĺŽôŘϙťĖıôϟϙϙaĖťĖČÍťĖĺIJϙıôÍŜŪŘôŜϙôƄŕôèťôîϙťĺϙæôϙĖıŕīôıôIJťôîϙĖIJèīŪîôϡ ϙ ͐ϟŜôϙôIJôŘČƅϙôƯĖèĖôIJťϙÍŕŕīĖÍIJèôŜϠϙôŗŪĖŕıôIJťϠϙÍIJîϙīĖČēťĖIJČϙťēÍťϙŘôîŪèôϙťēôϙ IJôôîϙċĺŘϙēôÍťĖIJČϙÍIJîϙèĺĺīĖIJČϟ ϙ ͑ϟŜôϙôIJôŘČƅϙôƯĖèĖôIJťϙæŪĖīîĖIJČϙıÍťôŘĖÍīŜϙÍIJîϙĖIJŜťÍīīϙŕŘĺČŘÍıÍæīôϙ ťēôŘıĺŜťÍťŜϟ ϙ ͒ϟIIJŜťÍīīϙÍĖŘϱŜĺŪŘèôϙēôÍťϙŕŪıŕŜϙťĺϙèĺĺīϙæŪĖīîĖIJČŜϙĖIJŜťôÍîϙĺċϙÍĖŘϙèĺIJîĖťĖĺIJĖIJČϠϙ ÍIJîϙťĺϙēôÍťϙťēôıϙîŪŘĖIJČϙŜŕŘĖIJČϙÍIJîϙċÍīīϟ ϙ ͓ϟ(IJèĺŪŘÍČôϙēĺıôĺſIJôŘŜϙťĺϙŜĖČIJϙŪŕϙċĺŘϙŪťĖīĖťƅϱŜŕĺIJŜĺŘôîϙŘôIJôſÍæīôϙôIJôŘČƅϙ ŕŘĺČŘÍıŜϟ ϙ ͔ϟ(IJèĺŪŘÍČôϙŜēĺŘťϙŽôēĖèīôϙťŘĖŕŜϙÍIJîϙıŪīťĖıĺîÍīϙťŘÍIJŜŕĺ؝͝ĖĺIJϙťēŘĺŪČēϙŪŜôϙĺċϙ ťŘÍĖīϙèĺIJIJôèťĖĺIJŜϙÍIJîϙaĺæĖīĖťƅϙFŪæŜϟ ϙ ϙ aĖťĖČÍťĖĺIJϙıôÍŜŪŘôŜϙťēÍťϙıÍƅϙæôϙèĺIJŜĖîôŘôîϙĖIJϙťēôϙċŪťŪŘôϙÍŜϙťēôϙŕŘĺĤôèťϙîôŜĖČIJϙ ÍîŽÍIJèôŜϙÍIJîϙťēôϙŕŘĺĤôèťϙôŽĺīŽôŜϙĖIJèīŪîôϡ ϙ ͐ϟIIJŜťÍīīϙīĖČēťϱèĺīĺŘôîϙŘĺĺƱIJČϙıÍťôŘĖÍīŜϙťēÍťϙŘôƲôèťϙťēôϙŜŪIJЍŜϙ«ϙŘÍƅŜϙÍIJîϙŜÍŽôϙ ôIJôŘČƅϙIJôôîôîϙťĺϙèĺĺīϙæŪĖīîĖIJČŜϟ ϙ ͑ϟIIJŜťÍīīϙŘĺĺċťĺŕϙŜĺīÍŘϠϙôīôèťŘĖèϙŽôēĖèīôϙϼ(«ϽϙèēÍŘČĖIJČϙŜťÍťĖĺIJŜϠϙÍIJîϯĺŘϙæÍťťôŘƅϙ ŜťĺŘÍČôϙťĺϙıÍħôϙťēôϙŕŘĺĤôèťϙıĺŘôϙôIJôŘČƅϙÍŪťĺIJĺıĺŪŜϙÍIJîϙ(«ϱŘôÍîƅϟ ϙ ͒ϟ ĺĺŘîĖIJÍťôϙſĖťēϙæŪĖīîôŘŜϙťĺϙèĺIJŜĖîôŘϙĖIJŜťÍīīĖIJČϙŘĺĺċťĺŕϙŜĺīÍŘϙĺŘϙĺťēôŘϙ ŘôIJôſÍæīôϙŕĺſôŘϙŜĺŪŘèôŜϙÍťϙťēôϙťĖıôϙĺċϙĖIJĖťĖÍīϙèĺIJŜťŘŪèťĖĺIJϟ ϙ ϟ ĖĖϥ"ôŜèŘĖæôϟÍIJîϟŗŪÍIJťĖċƅϟŘôîŪèťĖĺIJŜϟċŘĺıϟŜôīôèťôîϟıĖťĖČÍťĖĺIJϦϟĖċϟŕŘĺŕĺŜôîϟťĺϟ ŘôîŪèôϟťēôϟŕŘĺĤôèťГŜϟ@F@ϟôıĖŜŜĖĺIJŜϥϟ(ƄŕīÍĖIJϟſēƅϟťēôϟŜôīôèťôîϟıĖťĖČÍťĖĺIJϟ ſÍŜϟŕŘôċôŘŘôîϥ ϟ ϟ ŜϙôīôèťŘĖèÍīϙŕĺſôŘϙČôIJôŘÍťĖĺIJϙŕĺŘťċĺīĖĺϙŜēĖċťŜϙÍſÍƅϙċŘĺıϙċĺŜŜĖīϙċŪôīŜϙÍIJîϙťĺſÍŘîϙ ŘôIJôſÍæīôϙŕĺſôŘϙŜĺŪŘèôŜϙŜŪèēϙÍŜϙſĖIJîϙÍIJîϙŜĺīÍŘϠϙ@F@ϙôıĖŜŜĖĺIJŜϙċŘĺıϙĺƯŜĖťôϙ ŕĺſôŘϙČôIJôŘÍťĖĺIJϙÍŘôϙôƄŕôèťôîϙťĺϙîôèīĖIJôϙĺŽôŘϙťēôϙĺŕôŘÍťĖĺIJÍīϙīĖċôϙĺċϙťēôϙŕŘĺĤôèťϟ ϙ ϙ ēôϙŕŘĺĤôèťϙîôŜĖČIJϙŜôŘŽĖèôϙīĖċôϙĖŜϙôŜťĖıÍťôîϙÍťϙ͔͏ϙƅôÍŘŜϟϙϙIťϙĖŜϙÍIJťĖèĖŕÍťôîϙťēÍťϙ aĖIJIJôŜĺťÍЍŜϙîôŕôIJîôIJèôϙĺIJϙċĺŜŜĖīϙċŪôīŜϙſĖīīϙîôèŘôÍŜôϠϙÍIJîϙťēÍťϙŘôIJôſÍæīôϙŕĺſôŘϙ ČôIJôŘÍťĖĺIJϙÍIJîϙôīôèťŘĖèÍīϙŕĺſôŘϙŪŜôϙſĖīīϙĖIJèŘôÍŜôϙîŪŘĖIJČϙťēĖŜϙťĖıôϟϙϙēôϙťƅŕĖèÍīϙ ŜôŘŽĖèôϙīĖċôϙĺċϙIJÍťŪŘÍīϙČÍŜϙċŪŘIJÍèôŜϠϙæĺĖīôŘŜϠϙÍIJîϙſÍťôŘϙēôÍťôŘŜϙĖŜϙÍæĺŪťϙ͑͏ϙƅôÍŘŜϟϙϙIIJϙ ͓͐ϙ ϙ ÍîîĖťĖĺIJϠϙôīôèťŘĖèϙŽôēĖèīôŜϙÍŘôϙôƄŕôèťôîϙťĺϙīÍŘČôīƅϙŘôŕīÍèôϙČÍŜĺīĖIJôϱŕĺſôŘôîϙ ŽôēĖèīôŜϙĖIJϙťēôϙIJôƄťϙ͑͏ϙƅôÍŘŜϟϙϙIťϙĖŜϙťēôŘôċĺŘôϙèĺIJèôĖŽÍæīôϙťēÍťϙťēôϙċĺīīĺſĖIJČϙ ıĖťĖČÍťĖĺIJϙıôÍŜŪŘôŜϙèĺŪīîϙæôϙĖıŕīôıôIJťôîϙĖIJϙťēôϙIJôƄťϙ͑͏ϙƅôÍŘŜϡ ϙ ͐ϟIJÍťŪŘÍīϙČÍŜϱŕĺſôŘôîϙēôÍťĖIJČϙôŗŪĖŕıôIJťϙŪŜôîϙÍťϙťēôϙŕŘĺĤôèťϙèĺŪīîϙťŘÍIJŜĖťĖĺIJϙ ťĺϙôīôèťŘĖèÍīϙēôÍťĖIJČϙôŗŪĖŕıôIJťϙŕĺſôŘôîϙæƅϙŘôIJôſÍæīôϙôIJôŘČƅϢϙÍIJî ϙ ͑ϟČÍŜĺīĖIJôϱŕĺſôŘôîϙŽôēĖèīôŜϙèĺŪīîϙťŘÍIJŜĖťĖĺIJϙťĺϙôīôèťŘĖèϙŽôēĖèīôŜϟ ϙ ϙ IċϙťēôŜôϙťŘÍIJŜĖťĖĺIJŜϙĺèèŪŘϙĖIJϙťēôϙIJôƄťϙ͑͏ϙƅôÍŘŜϠϙĖťϙſĺŪīîϙæôϙôƄŕôèťôîϙťĺϙŘôîŪèôϙťēôϙ ťĺťÍīϙīĖċôťĖıôϙ iôϙôıĖŜŜĖĺIJŜϙċŘĺıϙťēôϙŕŘĺĤôèťϙæƅϙÍæĺŪťϙ͐҇͘ϙÍIJîϙŘôîŪèôϙťēôϙťĺťÍīϙ ͑ ĺôϙôıĖŜŜĖĺIJŜϙæƅϙ͓͐҇ϙÍċťôŘϙťēôϙƅôÍŘϙ͑͏͓͓ϟ ϙ ͑ ϟ ϟ ĖĖĖϥŪÍIJťĖċƅϟťēôϟŕŘĺŕĺŜôîϟŕŘĺĤôèťϟŕŘôîĖèťôîϟIJôťϟīĖċôťĖıôϟ@F@ϟôıĖŜŜĖĺIJŜϟЂťĺťÍīϟ ťĺIJŜϵϳĺċϟƅôÍŘŜϟÍIJîϟēĺſϟťēĺŜôϟŕŘôîĖèťôîϟôıĖŜŜĖĺIJŜϟıÍƅϟÍƯôèťϟÍèēĖôŽôıôIJťϟ ĺċϟťēôϟaĖIJIJôŜĺťÍϟbôƄťϟ@ôIJôŘÍťĖĺIJϟ(IJôŘČƅϟèťϟČĺÍīŜϟÍIJîϵĺŘϟĺťēôŘϟıĺŘôϟ ŜťŘĖIJČôIJťϟŜťÍťôϟĺŘϟīĺèÍīϟ@F@ϟŘôîŪèťĖĺIJϟČĺÍīŜϥ ϟ ϙ ēôϙbôƄťϙ@ôIJôŘÍťĖĺIJϙ(IJôŘČƅϙèťϙŕÍŜŜôîϙæƅϙťēôϙŜťÍťôϙīôČĖŜīÍťŪŘôϙĖIJϙ͑͏͏͖ϙŜôťŜϙÍϙČĺÍīϙ ĺċϙŘôîŪèĖIJČϙŜťÍťôſĖîôϙ@F@ϙôıĖŜŜĖĺIJŜϙæƅϙ͗͏҇ϙæôťſôôIJϙ͑͏͏͔ϙÍIJîϙ͑͏͔͏ϠϙſēĖīôϙ ŜŪŕŕĺŘťĖIJČϙèīôÍIJϙôIJôŘČƅϠϙôIJôŘČƅϙôƯĖèĖôIJèƅϠϙÍIJîϙŜŪŕŕīôıôIJťĖIJČϙĺťēôŘϙŘôIJôſÍæīôϙ ôIJôŘČƅϙŜťÍIJîÍŘîŜϙĖIJϙaĖIJIJôŜĺťÍϙϼaĖIJIJôŜĺťÍϙĺīīŪťĖĺIJϙ ĺIJťŘĺīϙČôIJèƅϙϼa Ͻϙ͑͏͑͒Ͻϟϙϙ ēôϙÍèťϙÍīŜĺϙĖIJèīŪîôîϙÍIJϙĖIJťôŘĖıϙČĺÍīϙĺċϙŘôîŪèĖIJČϙôıĖŜŜĖĺIJŜϙ͒͏҇ϙæƅϙ͑͏͔͑ϟϙϙ ϙ ϙ ēôϙVÍIJŪÍŘƅϙ͑͏͑͒ϙŘôŕĺŘťϙťĺϙťēôϙaĖIJIJôŜĺťÍϙīôČĖŜīÍťŪŘôϙĺIJϙôıĖŜŜĖĺIJŜϙèĺIJťŘĖæŪťĖIJČϙťĺϙ èīĖıÍťôϙèēÍIJČôϙϼa ϙ͑͏͑͒ϽϙĖIJîĖèÍťôŜϙaĖIJIJôŜĺťÍЍŜϙ@F@ϙôıĖŜŜĖĺIJŜϙîôèīĖIJôîϙ͑͒҇ϙ æôťſôôIJϙ͑͏͏͔ϙÍIJîϙ͑͏͑͏ϟϙϙ ĺIJťĖIJŪĖIJČϙťēĖŜϙťŘôIJîϙſĺŪīîϙŕŪťϙťēôϙŜťÍťôϙĺIJϙťŘÍèħϙťĺϙıôôťϙ ťēôϙČĺÍīϙĺċϙŘôîŪèĖIJČϙ@F@ϙôıĖŜŜĖĺIJŜϙæƅϙ͒͏҇ϙæƅϙ͑͏͔͑ϟ ϙ ϙ Ŝôϙĺċϙťēôϙ@F@ϙ(ıĖŜŜĖĺIJŜϙ ÍīèŪīÍťĺŘϙôŜťĖıÍťôîϙťēÍťϙťēôϙŕŘĺĤôèťϙſĖīīϙČôIJôŘÍťôϙ͖Ϡ͏͔͐ϙ ıôťŘĖèϙťĺIJŜϙĺċϙ iôϙôıĖŜŜĖĺIJŜϙÍIJIJŪÍīīƅϙîŪŘĖIJČϙťēôϙ͔ϱƅôÍŘϙèĺIJŜťŘŪèťĖĺIJϙŕôŘĖĺîϙÍIJîϙ ͑ ͘Ϡ͖͓͑ϙıôťŘĖèϙťĺIJŜϙĺċϙ iôϙôıĖŜŜĖĺIJŜϙÍIJIJŪÍīīƅϙîŪŘĖIJČϙťēôϙ͔͏ϱƅôÍŘϙŕŘĺĤôèťϙîôŜĖČIJϙ ͑ ŜôŘŽĖèôϙīĖċôϟϙϙ"ŪŘĖIJČϙèĺIJŜťŘŪèťĖĺIJϙÍIJîϙĺŕôŘÍťĖĺIJŜϙèĺıæĖIJôîϠϙťēôϙŕŘĺĤôèťϙĖŜϙôƄŕôèťôîϙ ťĺϙČôIJôŘÍťôϙÍϙťĺťÍīϙĺċϙ͔͑͐Ϡ͖͔͑ϙťĺIJŜϙĺċϙ iôϙôıĖŜŜĖĺIJŜϟϙϙæĺŪťϙ͖҇ϙĺċϙťēôϙ iôϙ ͑͑ ôıĖŜŜĖĺIJŜϙÍŘôϙôƄŕôèťôîϙťĺϙæôϙċŘĺıϙèĺIJŜťŘŪèťĖĺIJϙÍIJîϙÍæĺŪťϙ͒҇͘ϙÍŘôϙôƄŕôèťôîϙċŘĺıϙ ŕŘĺĤôèťϙĺŕôŘÍťĖĺIJŜϟϙϙ ϙ ϙ ŜϙĖIJîĖèÍťôîϙŪIJîôŘϙIťôıϙ͖͐ϟæϟĖĖϟϙÍæĺŽôϠϙŪŕČŘÍîôŜϙĖIJϙæŪĖīîĖIJČϙıÍťôŘĖÍīŜϠϙēôÍťĖIJČϙ ŜƅŜťôıŜϠϙÍIJîϙťŘÍIJŜŕĺ؝͝ĖĺIJϙŽôēĖèīôŜϙèĺŪīîϙŘôîŪèôϙťēôϙťĺťÍīϙ ĺôϙôıĖŜŜĖĺIJŜϙæƅϙ͕͗҇ϙ ͑ ÍċťôŘϙťēôϙƅôÍŘϙ͑͏͓͓ϟϙϙ ĺIJŜĖîôŘĖIJČϙťēÍťϙťēôϙa ϙϼ͑͏͑͒ϽϙôŜťĖıÍťôîϙťēÍťϙ@F@ϙ ôıĖŜŜĖĺIJŜϙîôèīĖIJôîϙ͑͒҇ϙæôťſôôIJϙ͑͏͏͔ϙÍIJîϙ͑͏͑͏ϠϙťēôϙŕĺťôIJťĖÍīϙôƄĖŜťŜϙťĺϙèĺIJťĖIJŪôϙťĺϙ ŘôîŪèôϙôıĖŜŜĖĺIJŜϙŜŪæŜťÍIJťĖÍīīƅϙÍIJîϙıôôťϙťēôϙŜťÍťôЍŜϙČĺÍīϙĺċϙŘôîŪèĖIJČϙŜťÍťôſĖîôϙ ͓͑ϙ ϙ @F@ϙôıĖŜŜĖĺIJŜϙæƅϙ͗͏҇ϙæƅϙ͑͏͔͏ϟϙēôϙIJôÍŘϱťôŘıϙôıĖŜŜĖĺIJϙôŜťĖıÍťôŜϙŘôīÍťôîϙťĺϙ ŕŘĺĤôèťϙèĺIJŜťŘŪèťĖĺIJϙÍŘôϙIJĺťϙīĖħôīƅϙťĺϙŪIJîôŘČĺϙŜŪæŜťÍťĖĺIJϙŘôîŪèťĖĺIJŜϟ ϙ ϙ ϙ ͐͘ϟbĺĖŜô ϙ "ôŜèŘĖæôϟŜĺŪŘèôŜϦϟèēÍŘÍèťôŘĖŜťĖèŜϦϟîŪŘÍťĖĺIJϦϟŗŪÍIJťĖťĖôŜϦϟÍIJîϟĖIJťôIJŜĖťƅϟĺċϟIJĺĖŜôϟČôIJôŘÍťôîϟ îŪŘĖIJČϟŕŘĺĤôèťϟèĺIJŜťŘŪèťĖĺIJϟÍIJîϟĺŕôŘÍťĖĺIJϥϟ"ĖŜèŪŜŜϟťēôϟôƯôèťϟĺċϟIJĺĖŜôϟĖIJϟťēôϟŽĖèĖIJĖťƅϟĺċϟťēôϟ ŕŘĺĤôèťϟĖIJèīŪîĖIJČϟ͖ЃϟôƄĖŜťĖIJČϟIJĺĖŜôϟīôŽôīŜϵŜĺŪŘèôŜϟĖIJϟťēôϟÍŘôÍϦϟ͗ЃϟIJôÍŘæƅϟŜôIJŜĖťĖŽôϟŘôèôŕťĺŘŜϦϟ ͘ЃϟèĺIJċĺŘıÍIJèôϟťĺϟŜťÍťôϟIJĺĖŜôϟŜťÍIJîÍŘîŜϦϟÍIJîϟ͙ЃϟŗŪÍīĖťƅϟĺċϟīĖċôϥϟIîôIJťĖċƅϟıôÍŜŪŘôŜϟťēÍťϟſĖīīϟæôϟ ťÍħôIJϟťĺϟıĖIJĖıĖƏôϟĺŘϟıĖťĖČÍťôϟťēôϟôƯôèťŜϟĺċϟIJĺĖŜôϥ ϟ ϙ bĺĖŜôϙſĖīīϙæôϙôıĖťťôîϙæƅϙôÍŘťēϱıĺŽĖIJČϙôŗŪĖŕıôIJťϙÍIJîϙèÍŘŕôIJťŘƅϙťĺĺīŜϙîŪŘĖIJČϙ îÍƅīĖČēťϙēĺŪŘŜϙîŪŘĖIJČϙťēôϙƅôÍŘŜϙĺċϙèĺIJŜťŘŪèťĖĺIJϟϙēôŜôϙIJĺĖŜôϙĖıŕÍèťŜϙſĖīīϙæôϙ ťôıŕĺŘÍŘƅϙÍIJîϙŜôÍŜĺIJÍīϙîŪŘĖIJČϙťēôϙèĺIJŜťŘŪèťĖĺIJϙŕēÍŜôϙĺċϙťēôϙîôŽôīĺŕıôIJťϟ ϙ ϙ ĺŜťϱîôŽôīĺŕıôIJťϙIJĺĖŜôϙſĖīīϙæôϙťēĺŜôϙIJĺĖŜôŜϙťƅŕĖèÍīīƅϙÍŜŜĺèĖÍťôîϙſĖťēϙŜĖIJČīôϙċÍıĖīƅϙ ͔͑͘ϙŘôŜĖîôIJťĖÍīϙŪIJĖťŜϠϙĖIJèīŪîĖIJČϙıĺťĺŘĖƏôîϙŽôēĖèīôŜϠϙīÍſIJϙıÍĖIJťôIJÍIJèôϙôŗŪĖŕıôIJťϠϙ ÍIJîϙîĺČŜϟ ϙ ϙ ϙ͓͓ϙŘĺÍîϙIJĺĖŜôϙſĖīīϙæôϙIJĺťĖèôÍæīôϙÍIJîϙſĖīīϙĖIJèŘôÍŜôϙÍŜϙťēôϙèĺŘŘĖîĺŘϙÍIJîϙ ťŘÍIJŜŕĺ؝͝ĖĺIJϙīĖIJħŜϙÍŘôϙôƄŕÍIJîôîϙĺŽôŘϙťĖıôϟ ϙ ϙ ϙ ͑͏ϟbiIib ϙ Íϥ"ôŜèŘĖæôϟťŘÍƯĖèϟŘôīÍťôîϟÍŜŕôèťŜϟĺċϟŕŘĺĤôèťϟèĺIJŜťŘŪèťĖĺIJϟÍIJîϟĺŕôŘÍťĖĺIJϧϟ͖ЃϟôƄĖŜťĖIJČϟ ÍIJîϟŕŘĺŕĺŜôîϟÍîîĖťĖĺIJÍīϟŕÍŘħĖIJČϟŜŕÍèôŜϦϟ͗ЃϟôŜťĖıÍťôîϟťĺťÍīϟÍŽôŘÍČôϟîÍĖīƅϟťŘÍƯĖèϟ ČôIJôŘÍťôîϦϟ͘ЃϟôŜťĖıÍťôîϟıÍƄĖıŪıϟŕôÍħϟēĺŪŘϟťŘÍƯĖèϟČôIJôŘÍťôîϟÍIJîϟťĖıôϟĺċϟ ĺèèŪŘŘôIJèôϦϟ͙ЃϟĖIJîĖèÍťôϟŜĺŪŘèôϟĺċϟťŘĖŕϟČôIJôŘÍťĖĺIJϟŘÍťôŜϟŪŜôîϟĖIJϟťēôϟôŜťĖıÍťôŜϦϟÍIJîϟ͚Ѓϟ ÍŽÍĖīÍæĖīĖťƅϟĺċϟťŘÍIJŜĖťϟÍIJîϵĺŘϟĺťēôŘϟÍīťôŘIJÍťĖŽôϟťŘÍIJŜŕĺ؝͝ĖĺIJϟıĺîôŜϥ ϟ ϙ IIJϙ͑͏͏͓ϱ͏͔ϙÍϙťŘÍƯĖèϙŜťŪîƅϙſÍŜϙèĺıŕīôťôîϙċĺŘϙťēôϙôIJťĖŘôϙ͒͐͘ϙÍèŘôŜϙĺċϙŽÍèÍIJťϙīÍIJîϟϙēôϙ ťŪîƅϙĖIJϙ͑͏͏͓ϙſÍŜϙæÍŜôîϙĺIJϙŕŘĖıÍŘĖīƅϙÍīīϙŘôŜĖîôIJťĖÍīϠϙŜĖIJČīôϙċÍıĖīƅϙÍIJîϙťĺſIJēĺŪŜôŜϠϙ ſĖťēϙÍϙŜıÍīīϙŕĺŘťĖĺIJϙĺċϙťēôϙIJĺŘťēôÍŜťϙŜôèťĺŘϙĺċϙťēôϙŘĺĤôèťϙĖťôϙċĺŘϙŜıÍīīϙŜèÍīôϙ èĺııôŘèĖÍīϙŪŜôŜϟϙēĖŜϙŜťŪîƅϙſÍŜϙÍŕŕŘĺŽôîϙæƅϙťēôϙ ĖťƅϙĺċϙĺèēôŜťôŘϟ ϙ ϙ"ôŽôīĺŕıôIJťϙČŘôôıôIJťϙſÍŜϙÍŕŕŘĺŽôîϙÍťϙťēôϙŜÍıôϙťĖıôϙÍŜϙťēôϙŜťŪîƅϙſēĖèēϙ îĺèŪıôIJťôîϙĺÍîſÍƅϙèĺIJIJôèťĖĺIJŜϙťĺϙ ϭϙ͓͓ϟϙēôϙèŪŜťĺîĖÍīϙŘĖČēťϙťĺϙ ĺŪIJťƅϙĺÍîϙ ϭ͓͓ϙĖŜϙſĖťēϙiīıŜťôîϙ ĺŪIJťƅϙÍIJîϙťēôϙŜÍıôϙċĺŘϙ ϭϙ͔͐͗ϙÍīĺIJČϙťēôϙſôŜťϙŜĖîôϙĺċϙťēôϙ ŘĺĤôèťϙĖťôϟϙIIJϙ͑͏͔͑ϙťēôϙťŘÍƯĖèϙŜťŪîƅϙſÍŜϙŪŕîÍťôîϙťĺϙæôťťôŘϙŘôƲôèťϙťĺîÍƅЍŜϙťŘÍƯĖèϙ ıĺîôīĖIJČϟϙϙ ϙ ϙ ŪııÍŘƅϙĺċϙťēôϙťŘÍƯĖèϙŘôīÍťôîϙÍŜŕôèťŜϙĺċϙťēôϙŕŘĺĤôèťϙèĺIJŜťŘŪèťĖĺIJϡ ϙ ϙ ͓͒ϙ ϙ ͐ϟ(ƄĖŜťĖIJČϙÍIJîϙŘĺŕĺŜôîϙÍŘħĖIJČϡ ϙ ēôϙôææīôϙ ŘôôħϙîôŽôīĺŕıôIJťϙſĖīīϙŕŘĺŽĖîôϙĺƯϱŜťŘôôťϙŕÍŘħĖIJČϙĖIJϙÍèèĺŘîÍIJèôϙſĖťēϙ ĖťƅϙĺċϙĺèēôŜťôŘϙƏĺIJĖIJČϙŘôŗŪĖŘôıôIJťŜϙċĺŘϙťēôϙŕŘĺŕĺŜôîϙŘôŜĖîôIJťĖÍīϙŪŜôŜϠϙĖIJèīŪîĖIJČϙ ͔͖͐ϙŜĖIJČīôϱċÍıĖīƅϙēĺıôŜϠϙ͗͑ϙťĺſIJēĺıôŜϠϙÍIJîϙ͒͏͖ϙîôôîϱŘôŜťŘĖèťôîϙ͔͔ѭϙēĺıôŜϟϙ(ƄÍèťϙ ŗŪÍIJťĖťĖôŜϙĺċϙŕÍŘħĖIJČϙŜťÍīīŜϙÍŘôϙIJĺťϙŜŕôèĖƱôîϙĖIJϙťēôϙťŘÍƯĖèϙŜťŪîƅϠϙæŪťϙŜŪƯĖèĖôIJťϙ ŕÍŘħĖIJČϙſĖīīϙæôϙĖIJèĺŘŕĺŘÍťôîϙĖIJťĺϙŜĖťôϙîôŜĖČIJϟ ϙ ϙ ͑ϟ(ŜťĖıÍťôîϙĺťÍīϙŽôŘÍČôϙ"ÍĖīƅϙŘÍƯĖèϙϼ"Ͻϡ ϙ xIJŜŕĺ؝͝ĖĺIJϟŜƅŜťôıϥϟIċϟťēôϟŕôÍħϟēĺŪŘϟťŘÍƯĖèϟČôIJôŘÍťôîϟôƄèôôîŜϟ͚͕͗ϟ ŽôēĖèīôŜϟĺŘϟťēôϟťĺťÍīϟîÍĖīƅϟťŘĖŕŜϟôƄèôôîϟ͗Ϧ͚͕͕ϦϟÍϟťŘÍƯĖèϟĖıŕÍèťϟŜťŪîƅϟıŪŜťϟæôϟŕŘôŕÍŘôîϟ ÍŜϟŕÍŘťϟĺċϟťēôϟ(®ϥϟŜôϟťēôϟċĺŘıÍťϟÍIJîϟŕŘĺèôîŪŘôŜϟîôŜèŘĖæôîϟĖIJϟťēôϟaĖIJIJôŜĺťÍϟ "ôŕÍŘťıôIJťϟĺċϟŘÍIJŜŕĺ؝͝ĖĺIJГŜϟèèôŜŜϟaÍIJÍČôıôIJťϟaÍIJŪÍīϦϟ ēÍŕťôŘϟ͚ϟЂÍŽÍĖīÍæīôϟ ÍťϧϟēťťŕϧϵϵſſſϥîĺťϥŜťÍťôϥıIJϥŪŜϵÍèèôŜŜıÍIJÍČıôIJťϵŘôèĺŪŘèôŜϥēťıīЃϟĺŘϟÍϟŜĖıĖīÍŘϟ īĺèÍīϟČŪĖîÍIJèôϥ ϙ ϙ ēôϙŘÍƯĖèϙIıŕÍèťϙťŪîƅϙϼIϽϙŕŘôŕÍŘôîϙċĺŘϙťēôϙôææīôϙ ŘôôħϙîôŽôīĺŕıôIJťϙĖIJîĖèÍťôŜϙ ťēÍťϠϙŪIJîôŘϙċŪīīϙæŪĖīîϱĺŪťϙèĺIJîĖťĖĺIJŜϠϙÍīīϙŜťŪîƅϙÍŘôÍϙŘĺÍîſÍƅŜϙÍIJîϙĖIJťôŘŜôèťĖĺIJŜϙſĖīīϙ ͓͓ϙ ϙ èĺIJťĖIJŪôϙťĺϙĺŕôŘÍťôϙÍťϙÍèèôŕťÍæīôϙ[ôŽôīŜϙĺċϙôŘŽĖèôϙϼ[iϙ ϙĺŘϙæôťťôŘϽϟϙbĺϙŜôČıôIJťϙ ĖŜϙŕŘĺĤôèťôîϙťĺϙôƄèôôîϙÍϙŽĺīŪıôϱťĺϱèÍŕÍèĖťƅϙϼŽϯèϽϙŘÍťĖĺϙťēÍťϙſĺŪīîϙťŘĖČČôŘϙŘôČĖĺIJÍīϙ èĺIJČôŜťĖĺIJϙèĺIJèôŘIJŜϟϙēôϙŕŘĺĤôèťϙîĺôŜϠϙēĺſôŽôŘϠϙſÍŘŘÍIJťϙīĺèÍīĖƏôîϙÍèèôŜŜϙ ĖıŕŘĺŽôıôIJťŜϙæÍŜôîϙĺIJϙŕŘĺĤôèťôîϙŽĺīŪıôŜϙÍIJîϙaIJ"iϯiīıŜťôîϙ ĺŪIJťƅϙ ťēŘôŜēĺīîŜϟ ϙ ôèĺııôIJîôîϙĖıŕŘĺŽôıôIJťŜϙĖIJèīŪîôϡ ϙ ĺIJŜťŘŪèťĖĺIJϙĺċϙIJĺŘťēæĺŪIJîϙŘĖČēťϱťŪŘIJϙīÍIJôŜϙÍťϙèèôŜŜôŜϙϠϙÍèťŜϟ ϙ ϙ ϙ ͓͔ϙ ϙ ͑͐ϟ a[I«(ϙi(bI[ϙ(>>( ϙ Íϥ"ôŜèŘĖæôϟťēôϟČôĺČŘÍŕēĖèϟŜèÍīôŜϟÍIJîϟťĖıôċŘÍıôŜϟĺċϟŕŘĺĤôèťϟŘôīÍťôîϟôIJŽĖŘĺIJıôIJťÍīϟ ôƯôèťŜϟťēÍťϟèĺŪīîϟèĺıæĖIJôϟſĖťēϟĺťēôŘϟôIJŽĖŘĺIJıôIJťÍīϟôƯôèťŜϟŘôŜŪīťĖIJČϟĖIJϟèŪıŪīÍťĖŽôϟ ŕĺťôIJťĖÍīϟôƯôèťŜϥ ϙ ϙ ēôϙıÍĤĺŘĖťƅϙĺċϙťēôϙŕĺťôIJťĖÍīϙôIJŽĖŘĺIJıôIJťÍīϙôƯôèťŜϙÍŘôϙÍîîŘôŜŜôîϙŪIJîôŘϙťēôϙ ÍŕŕīĖèÍæīôϙ(IJŽĖŘĺIJıôIJťÍīϙŜŜôŜŜıôIJťϙèÍťôČĺŘĖôŜϟϙēôϙîôŽôīĺŕıôIJťϙĺċϙôææīôϙ ŘôôħϙſÍŜϙIJĺťôîϙĖIJϙťēôϙ@ŘĺſťēϙaÍIJÍČôıôIJťϙīÍIJϙĖIJèīŪîôîϙĖIJϙťēôϙÍîĺŕťôîϙ͑͏͐͗ϙ ͑ϙĺèēôŜťôŘϙ ĺıŕŘôēôIJŜĖŽôϙīÍIJϙ͑͏͓͏ϟ ϙ ϙ ēôϙ ŪıŪīÍťĖŽôϙŕĺťôIJťĖÍīϙĖıŕÍèťŜϙĺIJϙIJÍťŪŘÍīϙŘôŜĺŪŘèôŜϠϙŜŪèēϙÍŜϠϙſĖīîīĖċôϙ ēÍæĖťÍťϙèēÍIJČôŜϠϙſÍťôŘϙŘôŜĺŪŘèôŜϠϙſôťīÍIJîŜϠϙÍIJîϙŕīÍIJťϙèĺııŪIJĖťĖôŜϙÍIJîϙ ĖIJċŘÍŜťŘŪèťŪŘôϙīĖħôϙŜťŘôôťŜϠϙŪťĖīĖťĖôŜϠϙŜèēĺĺīŜϠϙôıôŘČôIJèƅϙŜôŘŽĖèôŜϯīÍſϙ ôIJċĺŘèôıôIJťϙÍIJîϙŜťĺŘıϙſÍťôŘϙſôŘôϙÍIJϙôƄŕôèťÍťĖĺIJϙĺċϙŘæÍIJϙ@Řĺſťēϟ ϙ ϙ ēôϙèŪıŪīÍťĖŽôϙŕĺťôIJťĖÍīϙĖıŕÍèťϙĺċϙŜťĺŘıϙſÍťôŘϙſĖīīϙæôϙÍîîŘôŜŜôîϙĖIJϙťēôϙŜťĺŘıϙ ſÍťôŘϙıÍIJÍČôıôIJťϙŕīÍIJϟ ϙ ϙ ôææīôϙ ŘôôħϙîôŽôīĺŕıôIJťϙĖŜϙèĺIJŜĖŜťôIJťϙſĖťēϙťēôϙĺèēôŜťôŘϙ ĺıŕŘôēôIJŜĖŽôϙ īÍIJϙÍIJîϙ@ŘĺſťēϙaÍIJÍČôıôIJťϙīÍIJϟϙēôϙŘĺĤôèťϙſĖīīϙæôϙîôŽôīĺŕôîϙĖIJϙ ÍèèĺŘîÍIJèôϙſĖťēϙťēôϙĺŘîĖIJÍIJèôŜϙŘôŗŪĖŘôıôIJťŜϙĺċϙťēôϙ" ϟϙēôϙŽÍèÍIJťϙīÍIJîϙťĺϙ ťēôϙſôŜťϙÍIJîϙIJĺŘťēϙÍŘôϙŕīÍIJIJôîϙťĺϙæôϙîôŽôīĺŕôîϙĖIJϙÍèèĺŘîÍIJèôϙſĖťēϙťēôϙ ĺıŕŘôēôIJŜĖŽôϙŕīÍIJϙÍIJîϙ" ϟ ϙ ēôϙ ŪıŪīÍťĖŽôϙôƯôèťŜϙċŘĺıϙťēôϙèĺIJŜťŘŪèťĖĺIJϙÍèťĖŽĖťĖôŜϙÍŘôϙťôıŕĺŘÍŘƅϙĖIJϙIJÍťŪŘôϙ ÍŜϙĖIJîĖèÍťôîϙĖIJϙôèťĖĺIJϙ͖͐ϙĺċϙťēôϙ(IJŽĖŘĺIJıôIJťÍīϙŜŜôŜŜıôIJťϙ®ĺŘħŜēôôťϟ ϙ ϙ ŪıŪīÍťĖŽôϙôƯôèťŜϙĺċϙ@ŘôôIJēĺŪŜôϙ@ÍŜϙ(ıĖŜŜĖĺIJŜϙÍIJîϙèīĖıÍťôϙèēÍIJČôϙÍŘôϙŕÍŘťϙ ĺċϙťēôϙŕīÍIJIJôîϙŪŘæÍIJϙČŘĺſťēϙĖIJϙťēôϙ ĖťƅϙĺċϙĺèēôŜťôŘϠϙôèťĖĺIJϙ͖͐ϙĺċϙťēĖŜϙ (IJŽĖŘĺIJıôIJťÍīϙŜŜôŜŜıôIJťϙ®ĺŘħŜēôôťϙÍîîŘôŜŜôŜϙťēôϙôƯôèťŜϙĺċϙ@ŘôôIJϙFĺŪŜôϙ @ÍŜϙ(ıĖŜŜĖĺIJŜϙċĺŘϙťēôϙŕŘĺŕĺŜôîϙîôŽôīĺŕıôIJťϟ ϙ ϙ ϙ æϥ"ôŜèŘĖæôϟÍIJƅϟŘôÍŜĺIJÍæīƅϟċĺŘôŜôôÍæīôϟċŪťŪŘôϟŕŘĺĤôèťŜϟЂċĺŘϟſēĖèēϟÍϟæÍŜĖŜϟĺċϟ ôƄŕôèťÍťĖĺIJϟēÍŜϟæôôIJϟČôĺČŘÍŕēĖèŜϟŜèÍīôϟÍIJîϟťĖıôċŘÍıôŜϟĖîôIJťĖƱôîϟÍæĺŽôϥ ϙ ϙ ôææīôϙ ŘôôħϙĖŜϙŕÍŘťϙĺċϙĺèēôŜťôŘЍŜϙŕīÍIJIJôîϙŪŘæÍIJϙîôŽôīĺŕıôIJťϙťēÍťϙſĖīīϙ ôƄŕÍIJîϙťēôϙ Ėťƅϙ[ĖıĖťŜϙťĺϙťēôϙſôŜťϙæôƅĺIJîϙťĺϙ ϙϭ͔͐͗ϙÍIJîϙôƄŕÍIJîϙIJĺŘťēϙĺċϙ͔͔ϙ ťē ŜťŘôôťϙb®ϟ ϙ ϙ ēôϙôææīôϙ ŘôôħϙîôŽôīĺŕôŘŜϙŘôèĺČIJĖƏôϙťēÍťϙIJôſϙŪŘæÍIJϙîôŽôīĺŕıôIJťϙĖŜϙŕīÍIJIJôîϙ ťĺϙĺèèŪŘϙťĺϙťēôϙſôŜťϙÍIJîϙIJĺŘťēϙĺċϙťēôĖŘϙŕŘĺĤôèťϠϙæŪťϙťēôƅϙÍŘôϙIJĺťϙīÍIJîĺſIJôŘŜϙĺŘϙ 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tĞƌĞǀŝĞǁĞĚƚŚĞĨŽůůŽǁŝŶŐŝŶĨŽƌŵĂƚŝŽŶ͗ džŝƐƚŝŶŐƚŽƉŽŐƌĂƉŚŝĐŵĂƉƉƌĞƉĂƌĞĚďLJDŶdKWK͘ ƵƌƌĞŶƚĂŶĚŚŝƐƚŽƌŝĐĂĞƌŝĂůƉŚŽƚŽƐĨƌŽŵ'ŽŽŐůĞ ĂƌƚŚĨŽƌŝŶĨŽƌŵĂƚŝŽŶŽŶƐŝƚĞŚŝƐƚŽƌLJ͘ >ĞŶŶĂƌŽƌƉŽƌĂƚŝŽŶ WƌŽũĞĐƚϮϰϭϭϱϯϭ͘Ϭϭ Ɖƌŝůϭϴ͕ϮϬϮϱ WĂŐĞϰ 'ĞŽůŽŐŝĐƚůĂƐŽĨKůŵƐƚĞĂĚŽƵŶƚLJ͕DŝŶŶĞƐŽƚĂʹ^ƵƌĨŝĐŝĂů'ĞŽůŽŐLJŵĂƉƉƌĞƉĂƌĞĚĂŶĚ ƉƵďůŝƐŚĞĚďLJƚŚĞDŝŶŶĞƐŽƚĂ'ĞŽůŽŐŝĐĂů^ƵƌǀĞLJ͕ĚĂƚĞĚϮϬϮϬĨŽƌŐĞŽůŽŐŝĐĂůŝŶĨŽƌŵĂƚŝŽŶŽĨ ŶĂƚŝǀĞƐŽŝůƐ͘ ƌĂĨƚWŚĂƐĞ/ ŶǀŝƌŽŶŵĞŶƚĂů^ŝƚĞƐƐĞƐƐŵĞŶƚƉƌĞƉĂƌĞĚďLJƌĂƵŶ/ŶƚĞƌƚĞĐƵŶĚĞƌƉƌŽũĞĐƚ ŶƵŵďĞƌϮϰϭϭϱϯϭĂŶĚĚĂƚĞĚ:ĂŶƵĂƌLJϯϬ͕ϮϬϮϱ͘ tĞŚĂǀĞĚĞƐĐƌŝďĞĚŽƵƌƵŶĚĞƌƐƚĂŶĚŝŶŐŽĨƚŚĞƉƌŽƉŽƐĞĚĐŽŶƐƚƌƵĐƚŝŽŶĂŶĚƐŝƚĞƚŽƚŚĞĞdžƚĞŶƚŽƚŚĞƌƐ ƌĞƉŽƌƚĞĚŝƚƚŽƵƐ͘ĞƉĞŶĚŝŶŐŽŶƚŚĞĞdžƚĞŶƚŽĨĂǀĂŝůĂďůĞŝŶĨŽƌŵĂƚŝŽŶ͕ǁĞŚĂǀĞŵĂĚĞĂƐƐƵŵƉƚŝŽŶƐďĂƐĞĚŽŶ ŽƵƌĞdžƉĞƌŝĞŶĐĞǁŝƚŚƐŝŵŝůĂƌƉƌŽũĞĐƚƐ͘/ĨǁĞŚĂǀĞŶŽƚĐŽƌƌĞĐƚůLJƌĞĐŽƌĚĞĚŽƌŝŶƚĞƌƉƌĞƚĞĚƚŚĞƉƌŽũĞĐƚĚĞƚĂŝůƐ͕ ƚŚĞƉƌŽũĞĐƚƚĞĂŵƐŚŽƵůĚŶŽƚŝĨLJƵƐ͘EĞǁŽƌĐŚĂŶŐĞĚŝŶĨŽƌŵĂƚŝŽŶĐŽƵůĚƌĞƋƵŝƌĞĂĚĚŝƚŝŽŶĂůĞǀĂůƵĂƚŝŽŶ͕ ĂŶĂůLJƐĞƐĂŶĚͬŽƌƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐ͘ ͘ϱ͘^ĐŽƉĞŽĨ^ĞƌǀŝĐĞƐ tĞƉĞƌĨŽƌŵĞĚŽƵƌƐĐŽƉĞŽĨƐĞƌǀŝĐĞƐĨŽƌƚŚĞƉƌŽũĞĐƚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚŽƵƌWƌŽƉŽƐĂůYdϮϬϴϬϮϱƚŽ >ĞŶŶĂƌŽƌƉŽƌĂƚŝŽŶ͕ĚĂƚĞĚ&ĞďƌƵĂƌLJϱ͕ϮϬϮϱ͕ĂŶĚĂƵƚŚŽƌŝnjĞĚŽŶ&ĞďƌƵĂƌLJϳ͕ϮϬϮϱ͘dŚĞĨŽůůŽǁŝŶŐůŝƐƚ ĚĞƐĐƌŝďĞƐƚŚĞŐĞŽƚĞĐŚŶŝĐĂůƚĂƐŬƐĐŽŵƉůĞƚĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚŽƵƌĂƵƚŚŽƌŝnjĞĚƐĐŽƉĞŽĨƐĞƌǀŝĐĞƐ͘ ZĞǀŝĞǁŝŶŐƚŚĞďĂĐŬŐƌŽƵŶĚŝŶĨŽƌŵĂƚŝŽŶĂŶĚƌĞĨĞƌĞŶĐĞĚŽĐƵŵĞŶƚƐƉƌĞǀŝŽƵƐůLJĐŝƚĞĚ͘ ^ƚĂŬŝŶŐĂŶĚĐůĞĂƌŝŶŐƚŚĞĞdžƉůŽƌĂƚŝŽŶůŽĐĂƚŝŽŶŽĨƵŶĚĞƌŐƌŽƵŶĚƵƚŝůŝƚŝĞƐ͘tĞƐĞůĞĐƚĞĚĂŶĚǁĞ ƐƚĂŬĞĚƚŚĞŶĞǁĞdžƉůŽƌĂƚŝŽŶůŽĐĂƚŝŽŶƐ͘tĞĂĐƋƵŝƌĞĚƚŚĞƐƵƌĨĂĐĞĞůĞǀĂƚŝŽŶƐĂŶĚůŽĐĂƚŝŽŶƐŽĨ ƚŚĞƐŽŝůďŽƌŝŶŐƐǁŝƚŚ'W^ƚĞĐŚŶŽůŽŐLJƵƐŝŶŐƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂ͛ƐƉĞƌŵĂŶĞŶƚ'W^ďĂƐĞ ƐƚĂƚŝŽŶŶĞƚǁŽƌŬ͘dŚĞ^ŽŝůŽƌŝŶŐ>ŽĐĂƚŝŽŶ^ŬĞƚĐŚŝŶĐůƵĚĞĚŝŶƚŚĞƉƉĞŶĚŝdžƐŚŽǁƐƚŚĞ ĂƉƉƌŽdžŝŵĂƚĞůŽĐĂƚŝŽŶƐŽĨƚŚĞƐŽŝůďŽƌŝŶŐƐ͘ WĞƌĨŽƌŵŝŶŐϯϴƐƚĂŶĚĂƌĚƉĞŶĞƚƌĂƚŝŽŶƚĞƐƚ;^WdͿďŽƌŝŶŐƐ͕ĚĞŶŽƚĞĚĂƐ^dͲϭƚŽ^dͲϯϴ͕ƚŽŶŽŵŝŶĂů ĚĞƉƚŚƐŽĨϭϱƚŽϮϬĨĞĞƚďĞůŽǁŐƌĂĚĞĂĐƌŽƐƐƚŚĞƐŝƚĞ͘ WĞƌĨŽƌŵŝŶŐůĂďŽƌĂƚŽƌLJƚĞƐƚŝŶŐŽŶƐĞůĞĐƚƐĂŵƉůĞƐƚŽĂŝĚŝŶƐŽŝůĐůĂƐƐŝĨŝĐĂƚŝŽŶĂŶĚĞŶŐŝŶĞĞƌŝŶŐ ĂŶĂůLJƐŝƐ͘ WƌĞƉĂƌŝŶŐƚŚŝƐƌĞƉŽƌƚĐŽŶƚĂŝŶŝŶŐĂďŽƌŝŶŐůŽĐĂƚŝŽŶƐŬĞƚĐŚ͕ůŽŐƐŽĨƐŽŝůďŽƌŝŶŐƐ͕ĂƐƵŵŵĂƌLJŽĨ ƚŚĞƐŽŝůƐĞŶĐŽƵŶƚĞƌĞĚ͕ƌĞƐƵůƚƐŽĨůĂďŽƌĂƚŽƌLJƚĞƐƚƐ͕ĂŶĚƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐĨŽƌƐƚƌƵĐƚƵƌĞĂŶĚ ƉĂǀĞŵĞŶƚƐƵďŐƌĂĚĞƉƌĞƉĂƌĂƚŝŽŶĂŶĚƚŚĞĚĞƐŝŐŶŽĨĨŽƵŶĚĂƚŝŽŶƐ͕ĨůŽŽƌƐůĂďƐ͕ĞdžƚĞƌŝŽƌƐůĂďƐ͕ ƵƚŝůŝƚŝĞƐ͕ƐƚŽƌŵǁĂƚĞƌŝŵƉƌŽǀĞŵĞŶƚƐĂŶĚƉĂǀĞŵĞŶƚƐ͘ >ĞŶŶĂƌŽƌƉŽƌĂƚŝŽŶ WƌŽũĞĐƚϮϰϭϭϱϯϭ͘Ϭϭ Ɖƌŝůϭϴ͕ϮϬϮϱ WĂŐĞϱ tĞĂƌĞĂůƐŽĐŽŵƉůĞƚŝŶŐĂWŚĂƐĞϭ ^͕Ă>ŝŵŝƚĞĚ^Žŝů^ĂŵƉůŝŶŐĂŶĚdĞƐƚŝŶŐ͕ĂŶĚĂWŚĂƐĞϮ ^͕ĂƐƉĂƌƚŽĨ ĂƐĞƉĂƌĂƚĞĐŽŶƚƌĂĐƚǁŝƚŚ>ĞŶŶĂƌ͘KƵƌĐƵƌƌĞŶƚƐĐŽƉĞŽĨƐĞƌǀŝĐĞƐĚŝĚŶŽƚŝŶĐůƵĚĞĂŶLJĂĚĚŝƚŝŽŶĂů ĞŶǀŝƌŽŶŵĞŶƚĂůƐĞƌǀŝĐĞƐŽƌƚĞƐƚŝŶŐ͕ĂŶĚŽƵƌŐĞŽƚĞĐŚŶŝĐĂůƉĞƌƐŽŶŶĞůƉĞƌĨŽƌŵŝŶŐƚŚŝƐĞǀĂůƵĂƚŝŽŶĂƌĞŶŽƚ ƚƌĂŝŶĞĚƚŽƉƌŽǀŝĚĞĞŶǀŝƌŽŶŵĞŶƚĂůƐĞƌǀŝĐĞƐŽƌƚĞƐƚŝŶŐ͘tĞĐĂŶƉƌŽǀŝĚĞĂĚĚŝƚŝŽŶĂůĞŶǀŝƌŽŶŵĞŶƚĂůƐĞƌǀŝĐĞƐ ŽƌƚĞƐƚŝŶŐĂƚLJŽƵƌƌĞƋƵĞƐƚ͘ ͘ZĞƐƵůƚƐ ͘ϭ͘'ĞŽůŽŐŝĐKǀĞƌǀŝĞǁ ƐƉĂƌƚŽĨŽƵƌĂƐƐĞƐƐŵĞŶƚ͕ǁĞƌĞǀŝĞǁĞĚƚŚĞŐĞŽůŽŐŝĐŵĂƉƐĨŽƌƚŚĞŐĞŶĞƌĂůƐŝƚĞĂƌĞĂ͘ĂƐĞĚŽŶƚŚĞ ŐĞŽůŽŐŝĐŵĂƉƐĨŽƌKůŵƐƚĞĂĚŽƵŶƚLJĚĂƚĞĚϮϬϮϬ͕ƚŚĞŐĞŽůŽŐLJŽĨƚŚĞƐŝƚĞŐĞŶĞƌĂůůLJĐŽŶƐŝƐƚƐŽĨůŽĞƐƐ ĚĞƉŽƐŝƚĞĚƐŝůƚƐĂŶĚĐůĂLJƐŽǀĞƌŐůĂĐŝĂůůLJĚĞƉŽƐŝƚĞĚĐůĂLJƐĂŶĚŐƌĂǀĞů͘tĞĂůƐŽƌĞǀŝĞǁĞĚďĞĚƌŽĐŬŐĞŽůŽŐLJĂŶĚ ĚĞƉƚŚƚŽďĞĚƌŽĐŬŵĂƉƐĨŽƌKůŵƐƚĞĂĚŽƵŶƚLJĚĂƚĞĚϮϬϮϬ͘dŚĞĚĞƉƚŚƚŽďĞĚƌŽĐŬƌĂŶŐĞƐĨƌŽŵϱϬƚŽ ϮϬϬĨĞĞƚďĞůŽǁĞdžŝƐƚŝŶŐŐƌĂĚĞƐ͘dŚĞĞĚƌŽĐŬŐĞŶĞƌĂůůLJĐŽŶƐŝƐƚƐŽĨ^ƚ͘WĞƚĞƌ^ĂŶĚƐƚŽŶĞĂŶĚ^ŚĂŬŽƉĞĞ &ŽƌŵĂƚŝŽŶŽůŽƐƚŽŶĞĂŶĚ^ĂŶĚƐƚŽŶĞ͕ďƵƚƚŚĞŵĂƉƐĂůƐŽƐƵŐŐĞƐƚƚŚĞƌĞĐŽƵůĚďĞƉŽĐŬĞƚƐŽĨƚŚĞĞĐŽƌĂŚ ^ŚĂůĞǁŝƚŚŝŶƚŚĞƐŝƚĞůŝŵŝƚƐ͘ /ŶĂĚĚŝƚŝŽŶ͕ǁĞďĂƐĞĚƚŚĞŐĞŽůŽŐŝĐŽƌŝŐŝŶƐƵƐĞĚŝŶƚŚŝƐƌĞƉŽƌƚŽŶƚŚĞƐŽŝůƚLJƉĞƐ͕ŝŶͲƐŝƚƵĂŶĚůĂďŽƌĂƚŽƌLJ ƚĞƐƚŝŶŐ͕ĂŶĚĂǀĂŝůĂďůĞĐŽŵŵŽŶŬŶŽǁůĞĚŐĞŽĨƚŚĞŐĞŽůŽŐŝĐĂůŚŝƐƚŽƌLJŽĨƚŚĞƐŝƚĞ͘ĞĐĂƵƐĞŽĨƚŚĞĐŽŵƉůĞdž ĚĞƉŽƐŝƚŝŽŶĂůŚŝƐƚŽƌLJ͕ŐĞŽůŽŐŝĐŽƌŝŐŝŶƐĐĂŶďĞĚŝĨĨŝĐƵůƚƚŽĂƐĐĞƌƚĂŝŶ͘ ͘Ϯ͘ŽƌŝŶŐZĞƐƵůƚƐ dĂďůĞϭƉƌŽǀŝĚĞƐĂƐƵŵŵĂƌLJŽĨƚŚĞƐŽŝůďŽƌŝŶŐƌĞƐƵůƚƐŝŶƚŚĞŐĞŶĞƌĂůŽƌĚĞƌǁĞĞŶĐŽƵŶƚĞƌĞĚƚŚĞƐƚƌĂƚĂ͘ WůĞĂƐĞƌĞĨĞƌƚŽƚŚĞ>ŽŐŽĨŽƌŝŶŐƐŚĞĞƚƐŝŶƚŚĞƉƉĞŶĚŝdžĨŽƌĂĚĚŝƚŝŽŶĂůĚĞƚĂŝůƐ͘dŚĞĞƐĐƌŝƉƚŝǀĞ dĞƌŵŝŶŽůŽŐLJƐŚĞĞƚŝŶƚŚĞƉƉĞŶĚŝdžŝŶĐůƵĚĞƐĚĞĨŝŶŝƚŝŽŶƐŽĨĂďďƌĞǀŝĂƚŝŽŶƐƵƐĞĚŝŶdĂďůĞϭ͘ dĂďůĞϭ͘^ƵďƐƵƌĨĂĐĞWƌŽĨŝůĞ^ƵŵŵĂƌLJΎ ^ŽŝůdLJƉĞͲZĂŶŐĞŽĨ ^dDWĞŶĞƚƌĂƚŝŽŶ ^ƚƌĂƚĂůĂƐƐŝĨŝĐĂƚŝŽŶZĞƐŝƐƚĂŶĐĞƐŽŵŵĞŶƚĂƌLJĂŶĚĞƚĂŝůƐ 'ĞŶĞƌĂůůLJĐŽŶƐŝƐƚĞĚŽĨůĞĂŶĐůĂLJǁŝƚŚĂďŽƵƚϭϭͬϮĨĞĞƚŽĨƐŝůƚLJ ƐĂŶĚƚŽƉƐŽŝůŝŶŽƌŝŶŐ^dͲϮϭ͘ďŽƵƚϭĨŽŽƚŽĨƚŽƉƐŽŝůĨŝůůǁĂƐ dŽƉƐŽŝů͕ĞŶĐŽƵŶƚĞƌĞĚŝŶŽƌŝŶŐ^dͲϮϬ͘ ^D͕>ͲͲͲ dŽƉƐŽŝůĨŝůůdŚŝĐŬŶĞƐƐĞƐĂƚďŽƌŝŶŐůŽĐĂƚŝŽŶƐǀĂƌŝĞĚĨƌŽŵϭͬϮƚŽϰĨĞĞƚ͘ ĂƌŬďƌŽǁŶƚŽďůĂĐŬŝŶĐŽůŽƌ͘ DŽŝƐƚƵƌĞĐŽŶĚŝƚŝŽŶƐŐĞŶĞƌĂůůLJŵŽŝƐƚ͘ >ĞŶŶĂƌŽƌƉŽƌĂƚŝŽŶ WƌŽũĞĐƚϮϰϭϭϱϯϭ͘Ϭϭ Ɖƌŝůϭϴ͕ϮϬϮϱ WĂŐĞϲ ^ŽŝůdLJƉĞͲZĂŶŐĞŽĨ ^dDWĞŶĞƚƌĂƚŝŽŶ ^ƚƌĂƚĂůĂƐƐŝĨŝĐĂƚŝŽŶZĞƐŝƐƚĂŶĐĞƐŽŵŵĞŶƚĂƌLJĂŶĚĞƚĂŝůƐ ŶĐŽƵŶƚĞƌĞĚďLJŵŽƐƚŽĨƚŚĞƐŽŝůďŽƌŝŶŐƐďĞůŽǁƚŚĞƚŽƉƐŽŝů͘ ϮƚŽϮϲůŽǁƐ >͕>ͲD>͕ŽŶƐŝƐƚĞĚŽĨĂŵŝdžƚƵƌĞŽĨƐŝůƚĂŶĚůĞĂŶĐůĂLJ͘ >ŽĞƐƐƉĞƌ&ŽŽƚ D>ƌŽǁŶ͕ĚĂƌŬďƌŽǁŶĂŶĚŐƌĂLJŝŶĐŽůŽƌ͘ ;W&Ϳ DŽŝƐƚƵƌĞĐŽŶĚŝƚŝŽŶƐŐĞŶĞƌĂůůLJŵŽŝƐƚƚŽǁĞƚ͘ 'ĞŶĞƌĂůůLJĐŽŶƐŝƐƚĞĚŽĨƐĂŶĚLJůĞĂŶĐůĂLJǁŝƚŚůĞƐƐĞƌĂŵŽƵŶƚƐŽĨ ^W͕^DϲƚŽϱϬW& ĐůĂLJĞLJƐĂŶĚ͕ƐŝůƚLJƐĂŶĚ͕ĂŶĚƐĂŶĚ͘ /ŶƚĞƌŵŝdžĞĚůĂLJĞƌƐŽĨŐůĂĐŝĂůŽƵƚǁĂƐŚĂŶĚƚŝůů͘ 'ůĂĐŝĂů sĂƌŝĂďůĞĂŵŽƵŶƚƐŽĨŐƌĂǀĞů͕ŵĂLJĐŽŶƚĂŝŶĐŽďďůĞƐĂŶĚ ĚĞƉŽƐŝƚƐ ďŽƵůĚĞƌƐ͘ ^͕>ϯƚŽϮϱW& ƌŽǁŶĂŶĚŐƌĂLJŝŶĐŽůŽƌ͘ DŽŝƐƚƵƌĞĐŽŶĚŝƚŝŽŶƐŐĞŶĞƌĂůůLJŵŽŝƐƚƚŽǁĞƚ͘ ΎďďƌĞǀŝĂƚŝŽŶƐĚĞĨŝŶĞĚŝŶƚŚĞĂƚƚĂĐŚĞĚĞƐĐƌŝƉƚŝǀĞdĞƌŵŝŶŽůŽŐLJƐŚĞĞƚ͘ &ŽƌƐŝŵƉůŝĐŝƚLJŝŶƚŚŝƐƌĞƉŽƌƚ͕ǁĞĚĞĨŝŶĞĞdžŝƐƚŝŶŐĨŝůůƚŽŵĞĂŶĞdžŝƐƚŝŶŐ͕ƵŶĐŽŶƚƌŽůůĞĚŽƌƵŶĚŽĐƵŵĞŶƚĞĚĨŝůů͘ ͘ϯ͘'ƌŽƵŶĚǁĂƚĞƌ dĂďůĞϮƐƵŵŵĂƌŝnjĞƐƚŚĞĚĞƉƚŚƐǁŚĞƌĞǁĞŽďƐĞƌǀĞĚŐƌŽƵŶĚǁĂƚĞƌ͖ƚŚĞĂƚƚĂĐŚĞĚ>ŽŐŽĨŽƌŝŶŐƐŚĞĞƚƐŝŶ ƚŚĞƉƉĞŶĚŝdžĂůƐŽŝŶĐůƵĚĞƚŚŝƐŝŶĨŽƌŵĂƚŝŽŶĂŶĚĂĚĚŝƚŝŽŶĂůĚĞƚĂŝůƐ͘dŚĞǁĂƚĞƌůĞǀĞůĞůĞǀĂƚŝŽŶƐƐŚŽǁŶĂƌĞ ƌŽƵŶĚĞĚƵƉƚŽƚŚĞŶĞĂƌĞƐƚϭͬϮĨŽŽƚ͘ŽƌŝŶŐƐƚŚĂƚĚŝĚŶŽƚĞŶĐŽƵŶƚĞƌŐƌŽƵŶĚǁĂƚĞƌĂƌĞŽŵŝƚƚĞĚĨƌŽŵƚŚŝƐ ƚĂďůĞ͘ dĂďůĞϮ͘'ƌŽƵŶĚǁĂƚĞƌ^ƵŵŵĂƌLJ DĞĂƐƵƌĞĚ^ƵƌĨĂĐĞDĞĂƐƵƌĞĚĞƉƚŚƚŽŽƌƌĞƐƉŽŶĚŝŶŐ ůĞǀĂƚŝŽŶ'ƌŽƵŶĚǁĂƚĞƌ'ƌŽƵŶĚǁĂƚĞƌ ůĞǀĂƚŝŽŶ >ŽĐĂƚŝŽŶ;ĨƚͿ;ĨƚͿ;ĨƚͿ ^dͲϭϭϭϱϴ͘ϮϭϱϭϭϰϯϭͬϮ ^dͲϮϭϭϳϴ͘ϮϴϭϭϳϬϭͬϮ ^dͲϯϭϭϮϭ͘ϱϭϬϭϭϭϭϭͬϮ ^dͲϱϭϭϮϴ͘ϴϮϬϭϭϬϵ ^dͲϵϭϭϯϯ͘ϯϭϮϭͬϮϭϭϮϭ ^dͲϭϬϭϭϰϲ͘ϰϳϭͬϮϭϭϯϵ ^dͲϭϭϭϭϱϬ͘ϲϱϭϭϰϲ ^dͲϭϰϭϭϯϳ͘ϬϳϭͬϮϭϭϮϵϭͬϮ ^dͲϭϱϭϭϱϬ͘ϭϵϭϭϰϭϭͬϮ ^dͲϭϲϭϭϳϰ͘Ϭϴϭϭϲϲ >ĞŶŶĂƌŽƌƉŽƌĂƚŝŽŶ WƌŽũĞĐƚϮϰϭϭϱϯϭ͘Ϭϭ Ɖƌŝůϭϴ͕ϮϬϮϱ WĂŐĞϳ DĞĂƐƵƌĞĚ^ƵƌĨĂĐĞDĞĂƐƵƌĞĚĞƉƚŚƚŽŽƌƌĞƐƉŽŶĚŝŶŐ ůĞǀĂƚŝŽŶ'ƌŽƵŶĚǁĂƚĞƌ'ƌŽƵŶĚǁĂƚĞƌ ůĞǀĂƚŝŽŶ >ŽĐĂƚŝŽŶ;ĨƚͿ;ĨƚͿ;ĨƚͿ ^dͲϭϳϭϭϱϰ͘ϱϭϭϭϭϰϯϭͬϮ ^dͲϮϮϭϭϴϭ͘ϴϭϰϭͬϮϭϭϲϳϭͬϮ ^dͲϮϰϭϭϵϬ͘ϮϵϭͬϮϭϭϴϭ ^dͲϮϱϭϭϳϱ͘ϰϲϭϭϲϵϭͬϮ ^dͲϯϭϭϮϬϱ͘ϬϮϭϮϬϯ ^dͲϯϮϭϮϬϰ͘ϳϵϭϭϵϲ ^dͲϯϯϭϭϳϭ͘ϴϭϭϭϭϲϭ ^dͲϯϱϭϭϳϬ͘ϴϭϰϭͬϮϭϭϱϲϭͬϮ ^dͲϯϲϭϮϬϮ͘ϳϳϭϭϵϲ ^dͲϯϳϭϭϰϬ͘ϵϳϭͬϮϭϭϯϯϭͬϮ ^dͲϯϴϭϭϭϭ͘ϱϳϭϭϬϰϭͬϮ dŚĞŐƌŽƵŶĚǁĂƚĞƌĞůĞǀĂƚŝŽŶƐŽŶƚŚŝƐƐŝƚĞĂƌĞŚŝŐŚůLJǀĂƌŝĂďůĞǁŝƚŚŽƵƌďŽƌŝŶŐƐĞŶĐŽƵŶƚĞƌŝŶŐŐƌŽƵŶĚǁĂƚĞƌ ďĞƚǁĞĞŶϮĂŶĚϮϬĨĞĞƚďĞůŽǁĞdžŝƐƚŝŶŐŐƌĂĚĞ͕ŚŽǁĞǀĞƌŵĂũŽƌŝƚLJŽĨƚŚĞďŽƌŝŶŐƐĞŶĐŽƵŶƚĞƌĞĚŐƌŽƵŶĚǁĂƚĞƌ ďĞƚǁĞĞŶϲĂŶĚϭϭĨĞĞƚďĞůŽǁĞdžŝƐƚŝŶŐŐƌĂĚĞ͘dŚĞƐŽŝůďŽƌŝŶŐƐŝŶĚŝĐĂƚĞĂůĂLJĞƌĞĚƐŽŝůƉƌŽĨŝůĞƚŚĂƚŝƐ ĐŽŶĚƵĐŝǀĞĨŽƌĞŶĐŽƵŶƚĞƌŝŶŐƉĞƌĐŚĞĚǁĂƚĞƌĐŽŶĚŝƚŝŽŶƐ͘/ŶĂĚĚŝƚŝŽŶ͕ǁĞŶŽƚĞƚŚĞƌĞŝƐĂƚůĞĂƐƚϭϬϬĨĞĞƚŝŶ ĞůĞǀĂƚŝŽŶĐŚĂŶŐĞĂĐƌŽƐƐƚŚĞƐŝƚĞ͕ďƵƚƚŚĞƌĞůĂƚŝǀĞůLJĐŽŶƐŝƐƚĞŶƚŐƌŽƵŶĚǁĂƚĞƌĚĞƉƚŚĨƵƌƚŚĞƌƐƵƉƉŽƌƚƐƚŚĞ ƉĞƌĐŚĞĚŐƌŽƵŶĚǁĂƚĞƌĐŽŶĚŝƚŝŽŶ͘WƌŽũĞĐƚƉůĂŶŶŝŶŐƐŚŽƵůĚĞdžƉĞĐƚŐƌŽƵŶĚǁĂƚĞƌǁŝůůĨůƵĐƚƵĂƚĞƐĞĂƐŽŶĂůůLJ ĂŶĚĂŶŶƵĂůůLJ͘ ͘ϰ͘>ĂďŽƌĂƚŽƌLJdĞƐƚZĞƐƵůƚƐ dŚĞ>ŽŐŽĨŽƌŝŶŐƐŚĞĞƚƐŝŶƚŚĞƉƉĞŶĚŝdžƐŚŽǁƚŚĞƌĞƐƵůƚƐŽĨƐŽŝůůĂďŽƌĂƚŽƌLJƚĞƐƚŝŶŐǁĞƉĞƌĨŽƌŵĞĚ͕ŶĞdžƚ ƚŽƚŚĞƚĞƐƚĞĚƐĂŵƉůĞĚĞƉƚŚ͘dŚĞůĂďŽƌĂƚŽƌLJƚĞƐƚƐǁĞƌĞĐŽŵƉůĞƚĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞůĂƚĞƐƚŵĞƌŝĐĂŶ ^ŽĐŝĞƚLJĨŽƌdĞƐƚŝŶŐĂŶĚDĂƚĞƌŝĂůƐ;^dDͿƐƚĂŶĚĂƌĚƐ͘ dŚĞŵŽŝƐƚƵƌĞĐŽŶƚĞŶƚ;^dDϮϮϭϲͿŽĨƚŚĞƐĞůĞĐƚĞĚƐĂŵƉůĞƐǀĂƌŝĞĚĨƌŽŵĂƉƉƌŽdžŝŵĂƚĞůLJϭϵƚŽϱϭƉĞƌĐĞŶƚ͕ ŝŶĚŝĐĂƚŝŶŐƚŚĂƚƚŚĞŵĂƚĞƌŝĂůǁĂƐŶĞĂƌŽƌǁĞůůĂďŽǀĞŝƚƐƉƌŽďĂďůĞŽƉƚŝŵƵŵŵŽŝƐƚƵƌĞĐŽŶƚĞŶƚ͘ KƵƌŵĞĐŚĂŶŝĐĂůĂŶĂůLJƐĞƐƚĞƐƚƐ;^dDϭϭϳͿŽŶƚŚĞƐĞůĞĐƚĞĚƐŽŝůƐĂŵƉůĞƐŝŶĚŝĐĂƚĞĚƚŚĂƚƚŚĞƐĞůĞĐƚĞĚ ƐĂŵƉůĞƐĐŽŶƚĂŝŶĞĚϭϭƚŽϰϰƉĞƌĐĞŶƚƐŝůƚĂŶĚĐůĂLJďLJǁĞŝŐŚƚ͕ĐůĂƐƐŝĨLJŝŶŐƚŚĞƐĞƐŽŝůƐĂƐƉŽŽƌůLJŐƌĂĚĞĚƐĂŶĚ ǁŝƚŚƐŝůƚĂŶĚĐůĂLJĞLJƐĂŶĚ͘ >ĞŶŶĂƌŽƌƉŽƌĂƚŝŽŶ WƌŽũĞĐƚϮϰϭϭϱϯϭ͘Ϭϭ Ɖƌŝůϭϴ͕ϮϬϮϱ WĂŐĞϴ tĞƉĞƌĨŽƌŵĞĚƚƚĞƌďĞƌŐůŝŵŝƚƐƚĞƐƚƐ;ƉĞƌ^dDϰϯϭϴͿŽŶƚŚĞƐĞůĞĐƚĞĚƐĂŵƉůĞĨŽƌĐůĂƐƐŝĨŝĐĂƚŝŽŶ͕ ĞǀĂůƵĂƚŝŽŶŽĨƚŚĞƐŽŝů͛ƐƉůĂƐƚŝĐŝƚLJ͕ĂŶĚĞƐƚŝŵĂƚŝŽŶŽĨĞŶŐŝŶĞĞƌŝŶŐƉĂƌĂŵĞƚĞƌƐƌĞůĂƚĞĚƚŽĐŽŶƐŽůŝĚĂƚŝŽŶƚŽ ĂŝĚŝŶƐĞƚƚůĞŵĞŶƚĐĂůĐƵůĂƚŝŽŶƐ͘dŚĞƌĞƐƵůƚƐŽĨƚŚĞƚƚĞƌďĞƌŐůŝŵŝƚƐƚĞƐƚŝŶĚŝĐĂƚĞĚƚŚĞƐŽŝůƚĞƐƚĞĚŚĂĚůŝƋƵŝĚ ůŝŵŝƚƐ;>>ͿƌĂŶŐŝŶŐĨƌŽŵϮϲƚŽϮϵƉĞƌĐĞŶƚ͕ƉůĂƐƚŝĐůŝŵŝƚƐ;W>ͿƌĂŶŐŝŶŐĨƌŽŵϭϵƚŽϮϯƉĞƌĐĞŶƚ͕ĂŶĚƉůĂƐƚŝĐŝƚLJ ŝŶĚĞdžĞƐ;W/ͿƌĂŶŐŝŶŐĨƌŽŵϰƚŽϳƉĞƌĐĞŶƚ͕ŝŶĚŝĐĂƚŝŶŐƚŚĞƚĞƐƚĞĚƐŽŝůǁĂƐƐŝůƚLJĐůĂLJĂŶĚƐŝůƚ͘ WŽĐŬĞƚƉĞŶĞƚƌŽŵĞƚĞƌƚĞƐƚƐǁĞƌĞĐŽŵƉůĞƚĞĚŽŶƐĞůĞĐƚĞĚĐůĂLJĞLJƐŽŝůƐĂŵƉůĞƐƚŽĞƐƚŝŵĂƚĞƚŚĞŝƌƵŶĐŽŶĨŝŶĞĚ ĐŽŵƉƌĞƐƐŝǀĞƐƚƌĞŶŐƚŚƐ͘dŚĞƌĞƐƵůƚƐƌĂŶŐĞĚĨƌŽŵĂďŽƵƚϭͬϮƚŽŽǀĞƌϰϭͬϮƚŽŶƐƉĞƌƐƋƵĂƌĞĨŽŽƚ;ƚƐĨͿ͘ ͘ZĞĐŽŵŵĞŶĚĂƚŝŽŶƐ ͘ϭ͘ĞƐŝŐŶĂŶĚŽŶƐƚƌƵĐƚŝŽŶŝƐĐƵƐƐŝŽŶ dŚĞƐŝƚĞŐĞŶĞƌĂůůLJĂƉƉĞĂƌƐƐƵŝƚĂďůĞĨŽƌƚŚĞƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚ͖ŚŽǁĞǀĞƌ͕ƐƵďĐƵƚƐǁŝůůďĞƌĞƋƵŝƌĞĚƚŽ ĂĚĚƌĞƐƐƐŽĨƚŽƌůŽŽƐĞůŽĞƐƐͲĚĞƉŽƐŝƚĞĚĐůĂLJŽƌƐŝůƚƐŽŝůƐ͕ĂŶĚĂŶLJƐŝŐŶŝĨŝĐĂŶƚŐƌĂĚĞĐŚĂŶŐĞƐ͘<ĞLJĚŝƐĐƵƐƐŝŽŶ ƉŽŝŶƚƐĨŽƌƚŚĞƉƌŽũĞĐƚĂƌĞƉƌŽǀŝĚĞĚďĞůŽǁ͘ ͘ϭ͘Ă͘ƵŝůĚŝŶŐ^ƵďŐƌĂĚĞWƌĞƉĂƌĂƚŝŽŶ 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ƌĞƉůĂĐĞĚǁŝƚŚƐƵŝƚĂďůĞŵĂƚĞƌŝĂů͘ŶLJŵĂƚĞƌŝĂůƐƚŽďĞƵƐĞĚĂƐĞŶŐŝŶĞĞƌĞĚĨŝůůƐŚŽƵůĚďĞƚĞƐƚĞĚĂŶĚ ĂƉƉƌŽǀĞĚďLJƚŚĞŐĞŽƚĞĐŚŶŝĐĂůĞŶŐŝŶĞĞƌƉƌŝŽƌƚŽƉůĂĐĞŵĞŶƚ͘ ͘ϭ͘Đ͘'ƌŽƵŶĚǁĂƚĞƌ tĞĂŶƚŝĐŝƉĂƚĞƚŚĂƚŐƌŽƵŶĚǁĂƚĞƌǁŝůůďĞĞŶĐŽƵŶƚĞƌĞĚǁŝƚŚŝŶĞdžĐĂǀĂƚŝŽŶƐĂƐǁĞŐĞŶĞƌĂůůLJĞŶĐŽƵŶƚĞƌĞĚ ŐƌŽƵŶĚǁĂƚĞƌĂƚĚĞƉƚŚƐůĞƐƐƚŚĂŶϭϬĨĞĞƚ͘ĂƐĞĚŽŶƚŚĞƐŽŝůƉƌŽĨŝůĞ͕ƚŚĞƌĞŝƐĂůƐŽĂŚŝŐŚůŝŬĞůŝŚŽŽĚŽĨ ĞŶĐŽƵŶƚĞƌŝŶŐƉĞƌĐŚĞĚǁĂƚĞƌĐŽŶĚŝƚŝŽŶƐŽŶƚŚŝƐƐŝƚĞ͘^ŽŵĞŽĨƚŚĞƐŽŝůƐ͕ƐƵĐŚĂƐƐŝůƚLJƐĂŶĚƐ͕ĐůĂLJĞLJƐĂŶĚƐ ĂŶĚĐůĂLJ͕ǁŝůůĐŽůůĞĐƚǁĂƚĞƌĨƌŽŵƉƌĞĐŝƉŝƚĂƚŝŽŶŽƌŝĨǁĂƚĞƌĚƌĂŝŶƐƚŽƚŚĞƐŝƚĞ͘dŚĞƐŝƚĞĂůƐŽĐŽŶƚĂŝŶƐĂůĂƌŐĞ ĐŚĂŶŐĞŝŶŐƌĂĚĞĂĐƌŽƐƐƚŚĞƐŝƚĞ͕ǁŚŝĐŚŝŶĐƌĞĂƐĞƐƚŚĞůŝŬĞůŝŚŽŽĚŽĨĞdžĐĂǀĂƚŝŽŶƐŝŶƚĞƌĐĞƉƚŝŶŐŐƌŽƵŶĚǁĂƚĞƌ͘ ĂƐĞĚŽŶƚŚĞƐŽŝůƉƌŽĨŝůĞ͕ƉŽƚĞŶƚŝĂůƉĞƌĐŚĞĚŐƌŽƵŶĚǁĂƚĞƌĐŽŶĚŝƚŝŽŶƐ͕ĞŶĐŽƵŶƚĞƌĞĚŐƌŽƵŶĚǁĂƚĞƌĂŶĚ ƉŽƚĞŶƚŝĂůĨŽƌƉƌĞĐŝƉŝƚĂƚŝŽŶƚŽĚƌĂŝŶƚŽƚŚŝƐƐŝƚĞ͕ŝƚƐŚŽƵůĚďĞĂŶƚŝĐŝƉĂƚĞĚƚŚĂƚŐƌŽƵŶĚǁĂƚĞƌǁŝůůďĞ ĞŶĐŽƵŶƚĞƌĞĚŝŶŵŽƐƚƐŝƚĞĞdžĐĂǀĂƚŝŽŶƐ͘ tĞƌĞĐŽŵŵĞŶĚƚŚĞĐŽŶƚƌĂĐƚŽƌƌĞŵŽǀĞĂŶLJǁĂƚĞƌƚŚĂƚŝƚĐŽůůĞĐƚƐŝŶƚŚĞǁŽƌŬĂƌĞĂďĞĨŽƌĞƉĞƌĨŽƌŵŝŶŐ ĨƵƌƚŚĞƌǁŽƌŬ͘tĞƌĞĐŽŵŵĞŶĚƉƌŽũĞĐƚƉůĂŶŶŝŶŐĂŶƚŝĐŝƉĂƚĞƚĞŵƉŽƌĂƌLJĞdžĐĂǀĂƚŝŽŶĚĞǁĂƚĞƌŝŶŐĚƵƌŝŶŐ ĐŽŶƐƚƌƵĐƚŝŽŶ͘ĂƐĞĚƵƉŽŶƚŚĞďŽƌŝŶŐǁĞĂŶƚŝĐŝƉĂƚĞƐƵŵƉƉƵŵƉƐǁŽƵůĚďĞƐƵŝƚĂďůĞĨŽƌƚĞŵƉŽƌĂƌLJ ĚĞǁĂƚĞƌŝŶŐ͘ĚĚŝƚŝŽŶĂůůLJ͕ĚƌĂŝŶĂŐĞĐƵƚŽĨĨƚƌĞŶĐŚĞƐ;&ƌĞŶĐŚƌĂŝŶƐͿŵĂLJďĞƌĞƋƵŝƌĞĚƚŽĨĂĐŝůŝƚĂƚĞŵĂƐƐ ŐƌĂĚŝŶŐŽƉĞƌĂƚŝŽŶƐƚŽĐŽůůĞĐƚĂŶĚĚŝǀĞƌƚǁĂƚĞƌĨƌŽŵĞdžĐĂǀĂƚŝŽŶƐ͘ ͘ϭ͘Ě͘ŽŶƐƚƌƵĐƚŝŽŶŝƐƚƵƌďĂŶĐĞ dŚĞĐŽŶƚƌĂĐƚŽƌƐŚŽƵůĚŶŽƚĞƚŚĞŽŶͲƐŝƚĞƐŝůƚLJĂŶĚĐůĂLJĞLJƐŽŝůƐĂƌĞŚŝŐŚůLJƐƵƐĐĞƉƚŝďůĞƚŽĚŝƐƚƵƌďĂŶĐĞĚƵĞƚŽ ƌĞƉĞĂƚĞĚĐŽŶƐƚƌƵĐƚŝŽŶƚƌĂĨĨŝĐ͘ŝƐƚƵƌďĂŶĐĞŽĨƚŚĞƐĞƐŽŝůƐŵĂLJĐĂƵƐĞĂƌĞĂƐƚŚĂƚǁĞƌĞƉƌĞǀŝŽƵƐůLJƉƌĞƉĂƌĞĚ͕ ŽƌƚŚĂƚǁĞƌĞƐƵŝƚĂďůĞĨŽƌƉĂǀĞŵĞŶƚŽƌƐƚƌƵĐƚƵƌĞƐƵƉƉŽƌƚ͕ƚŽďĞĐŽŵĞƵŶƐƚĂďůĞĂŶĚƌĞƋƵŝƌĞŵŽŝƐƚƵƌĞ ĐŽŶĚŝƚŝŽŶŝŶŐĂŶĚĐŽŵƉĂĐƚŝŽŶ͘^ƵďĐƵƚƚŝŶŐĂŶĚƌĞƉůĂĐŝŶŐƚŚĞĚŝƐƚƵƌďĞĚŵĂƚĞƌŝĂůǁŝƚŚĐƌƵƐŚĞĚ͕ĐŽĂƌƐĞ ŐƌĂǀĞů͕ĨƌĞĞŽĨĨŝŶĞƐŝƐĂůƐŽĂŶĂůƚĞƌŶĂƚŝǀĞ͘dŚĞĐŽŶƚƌĂĐƚŽƌƐŚŽƵůĚƵƐĞŵĞĂŶƐĂŶĚŵĞƚŚŽĚƐƚŽůŝŵŝƚ ĚŝƐƚƵƌďĂŶĐĞŽĨƚŚĞĞŶŐŝŶĞĞƌĞĚĨŝůůƐŽŝůƐ͘ >ĞŶŶĂƌŽƌƉŽƌĂƚŝŽŶ WƌŽũĞĐƚϮϰϭϭϱϯϭ͘Ϭϭ Ɖƌŝůϭϴ͕ϮϬϮϱ WĂŐĞϭϬ ͘ϭ͘Ğ͘ĚĚŝƚŝŽŶĂů džƉůŽƌĂƚŝŽŶ ƵĞƚŽƚŚĞůŽĞƐƐƐŽŝůƐĞŶĐŽƵŶƚĞƌĞĚĂŶĚƚŚĞƐŝnjĞŽĨƚŚĞĚĞǀĞůŽƉŵĞŶƚ͕ǁĞƌĞĐŽŵŵĞŶĚƚĞƐƚƉŝƚƐƉƌŝŽƌƚŽƚŚĞ ƐƚĂƌƚŽĨƚŚĞŵĂƐƐŐƌĂĚŝŶŐ͘dŚĞƚĞƐƚƉŝƚƐǁŝůůŚĞůƉĨƵƌƚŚĞƌĂŝĚŝŶŝĚĞŶƚŝĨLJŝŶŐƚŚĞƌĞĐŽŵŵĞŶĚĞĚƐŽŝů ĐŽƌƌĞĐƚŝŽŶĚĞƉƚŚƐŶŽƚĞĚŝŶdĂďůĞϯĂŶĚĚŽĐƵŵĞŶƚŝŶŐƚŚĞƉĞƌĐŚĞĚŐƌŽƵŶĚǁĂƚĞƌĐŽŶĚŝƚŝŽŶŝŶdĂďůĞϮ͘ ͘Ϯ͘^ŝƚĞ'ƌĂĚŝŶŐĂŶĚ^ƵďŐƌĂĚĞWƌĞƉĂƌĂƚŝŽŶ ͘Ϯ͘Ă͘ƵŝůĚŝŶŐ^ƵďŐƌĂĚĞ džĐĂǀĂƚŝŽŶƐ tĞƌĞĐŽŵŵĞŶĚƌĞŵŽǀŝŶŐƵŶƐƵŝƚĂďůĞŵĂƚĞƌŝĂůƐĨƌŽŵďĞŶĞĂƚŚƚŚĞŚŽƵƐĞƉĂĚƐĂŶĚƐƚƌĞĞƚƐƵďŐƌĂĚĞƐĂŶĚ ŽǀĞƌƐŝnjĞĂƌĞĂƐ͘tĞĚĞĨŝŶĞƵŶƐƵŝƚĂďůĞŵĂƚĞƌŝĂůƐĂƐĞdžŝƐƚŝŶŐĨŝůůƐŽŝůƐ͕ĨƌŽnjĞŶŵĂƚĞƌŝĂůƐ͕ŽƌŐĂŶŝĐƐŽŝůƐ͕ĞdžŝƐƚŝŶŐ ƐƚƌƵĐƚƵƌĞƐ͕ĞdžŝƐƚŝŶŐƵƚŝůŝƚŝĞƐ͕ǀĞŐĞƚĂƚŝŽŶ͕ĂŶĚƐŽĨƚͬůŽŽƐĞƐŽŝůƐ͘ dĂďůĞϯƐŚŽǁƐƚŚĞĂŶƚŝĐŝƉĂƚĞĚĞdžĐĂǀĂƚŝŽŶĚĞƉƚŚƐĂŶĚďŽƚƚŽŵŽĨƐŽŝůĐŽƌƌĞĐƚŝŽŶĞdžĐĂǀĂƚŝŽŶĞůĞǀĂƚŝŽŶƐĂƚ ĞĂĐŚŽĨƚŚĞĐƵƌƌĞŶƚƐŽŝůďŽƌŝŶŐůŽĐĂƚŝŽŶƐĂƐƐƵŵŝŶŐƚŚĂƚƐƚƌƵĐƚƵƌĞƐ͕ƵƚŝůŝƚŝĞƐ͕ŽƌƌŽĂĚƐǁŝůůďĞďƵŝůƚĂƚĞĂĐŚ ůŽĐĂƚŝŽŶ͘ džĐĂǀĂƚŝŽŶĚĞƉƚŚƐĐŽƵůĚďĞƌĞĚƵĐĞĚŝŶĂƌĞĂƐƚŚĂƚǁŝůůŶŽƚƐƵƉƉŽƌƚĨƵƚƵƌĞƐƚƌƵĐƚƵƌĞƐ͕ƵƚŝůŝƚŝĞƐ͕Žƌ ƌŽĂĚƐ͘ƐĨŝŶĂůƉůĂŶƐĂƌĞŶŽƚĂǀĂŝůĂďůĞĂƚƚŚŝƐƚŝŵĞĂŶĚƚŚĞƐŝƚĞůĂLJŽƵƚŵĂLJĐŚĂŶŐĞ͕ǁĞŚĂǀĞŝŶĐůƵĚĞĚĂůů ƚŚĞƐŽŝůďŽƌŝŶŐƐŝŶdĂďůĞϯ͕ĞǀĞŶƚŚŽƐĞĐƵƌƌĞŶƚůLJŝŶƐƚŽƌŵǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚĂƌĞĂƐ͘EŽƚĞ͕ĞdžĐĂǀĂƚŝŽŶ ĚĞƉƚŚƐŵĂLJǀĂƌLJĂƐŐƌĂĚŝŶŐƉůĂŶƐĂƌĞŶŽƚĂǀĂŝůĂďůĞĂŶĚĂĚĚŝƚŝŽŶĂůƐƵďĐƵƚƐŽĨƚŚĞůŽĞƐƐĚĞƉŽƐŝƚĞĚƐŽŝůƐ ŵĂLJďĞŶĞĞĚĞĚĂƚƚŚĞƚŝŵĞŽĨŐƌĂĚŝŶŐ͘ dĂďůĞϯ͘ƵŝůĚŝŶŐ džĐĂǀĂƚŝŽŶĞƉƚŚƐ DĞĂƐƵƌĞĚ^ƵƌĨĂĐĞŶƚŝĐŝƉĂƚĞĚ džĐĂǀĂƚŝŽŶŶƚŝĐŝƉĂƚĞĚ ůĞǀĂƚŝŽŶĞƉƚŚΎΎŽƚƚŽŵ ůĞǀĂƚŝŽŶ >ŽĐĂƚŝŽŶ;ĨƚͿ;ĨƚͿ;ĨƚͿ ^dͲϭϭϭϱϴ͘Ϯϰϭϭϱϰ ^dͲϮϭϭϳϴ͘ϮϮͲϰΎϭϭϳϲͲϭϭϳϰ ^dͲϯϭϭϮϭ͘ϱϳϭϭϭϰϭͬϮ ^dͲϰϭϭϮϬ͘ϵϭϭϭϮϬ ^dͲϱϭϭϮϴ͘ϴϭϭϭϮϳϭͬϮ ^dͲϲϭϭϴϲ͘ϭϭϭϭϴϱ ^dͲϳϭϭϵϬ͘ϭϭϭϭϴϵ ^dͲϴϭϭϱϱ͘ϲϭϭϭϱϰϭͬϮ ^dͲϵϭϭϯϯ͘ϯϳϭϭϮϲ ^dͲϭϬϭϭϰϲ͘ϰϮϭϭϰϰ ^dͲϭϭϭϭϱϬ͘ϲϮϭϭϰϴϭͬϮ >ĞŶŶĂƌŽƌƉŽƌĂƚŝŽŶ WƌŽũĞĐƚϮϰϭϭϱϯϭ͘Ϭϭ Ɖƌŝůϭϴ͕ϮϬϮϱ WĂŐĞϭϭ DĞĂƐƵƌĞĚ^ƵƌĨĂĐĞŶƚŝĐŝƉĂƚĞĚ džĐĂǀĂƚŝŽŶŶƚŝĐŝƉĂƚĞĚ ůĞǀĂƚŝŽŶĞƉƚŚΎΎŽƚƚŽŵ ůĞǀĂƚŝŽŶ >ŽĐĂƚŝŽŶ;ĨƚͿ;ĨƚͿ;ĨƚͿ ^dͲϭϮϭϭϮϱ͘ϳϭͲϮΎϭϭϮϰϭͬϮͲϭϭϮϯϭͬϮ ^dͲϭϯϭϭϲϲ͘ϱϭϭϭϲϱϭͬϮ ^dͲϭϰϭϭϯϳ͘ϬϭͲϮΎϭϭϯϲͲϭϭϯϱ ^dͲϭϱϭϭϱϬ͘ϭϮϭϭϰϴ ^dͲϭϲϭϭϳϰ͘Ϭϭϭϭϳϯ ^dͲϭϳϭϭϱϰ͘ϱϮϭϭϱϮϭͬϮ ^dͲϭϴϭϭϳϴ͘ϳϮͲϳΎϭϭϳϲϭͬϮͲϭϭϳϭϭͬϮ ^dͲϭϵϭϭϵϯ͘ϵϮϭϭϵϭϭͬϮ ^dͲϮϬϭϭϱϵ͘ϯϮϭϭϱϳ ^dͲϮϭϭϭϰϭ͘ϮϮϭϭϯϵ ^dͲϮϮϭϭϴϭ͘ϴϰϭϭϳϴ ^dͲϮϯϭϭϲϱ͘ϱϮϭϭϲϯϭͬϮ ^dͲϮϰϭϭϵϬ͘ϮϭͲϮΎϭϭϴϵͲϭϭϴϴ ^dͲϮϱϭϭϳϱ͘ϰϮͲϱΎϭϭϳϭϭϳϬΎ ^dͲϮϲϭϭϳϵ͘ϵϰϭϭϳϲ ^dͲϮϳϭϮϬϳ͘ϭϭͲϮΎϭϮϬϲͲϭϮϬϱ ^dͲϮϴϭϭϵϴ͘ϰϮͲϰΎϭϭϵϲͲϭϭϵϰ ^dͲϮϵϭϭϳϱ͘ϱϮϭϭϳϯϭͬϮ ^dͲϯϬϭϮϭϯ͘ϵϮϭϮϭϭϭͬϴ ^dͲϯϭϭϮϬϱ͘ϬϮϭϮϬϯ ^dͲϯϮϭϮϬϰ͘ϳϮͲϰΎϭϮϬϮϭͬϮͲϭϮϬϬϭͬϮ ^dͲϯϯϭϭϳϭ͘ϴϮϭϭϲϵϭͬϮ ^dͲϯϰϭϭϰϴ͘ϱϮͲϭϰΎϭϭϰϲϭͬϮͲϭϭϯϰϭͬϮΎ ^dͲϯϱϭϭϳϬ͘ϴϮϭϭϲϴϭͬϮ ^dͲϯϲϭϮϬϮ͘ϳϭͲϳΎϭϮϬϭϭͬϮͲϭϭϵϱϭͬϮ ^dͲϯϳϭϭϰϬ͘ϵϮϭϭϯϴϭͬϮ ^dͲϯϴϭϭϭϭ͘ϱϮϭϭϬϵϭͬϮ ΎŽƌƌĞĐƚŝŽŶƐĚĞƉƚŚƐƚŽďĞĚĞƚĞƌŵŝŶĞĚŝŶƚŚĞĨŝĞůĚĚƵƌŝŶŐƐŝƚĞŐƌĂĚŝŶŐ͘ ΎΎŵŽƵŶƚŽĨůŽĞƐƐƌĞŵŽǀĂůďĞůŽǁďƵŝůĚŝŶŐŐƌĂĚĞƐǁŝůůďĞĚĞƚĞƌŵŝŶĞĚĚƵƌŝŶŐŐƌĂĚŝŶŐ͕ŽŶĐĞĨŝŶĂůŐƌĂĚŝŶŐƉůĂŶƐĂƌĞƉƌĞƉĂƌĞĚ͘ >ĞŶŶĂƌŽƌƉŽƌĂƚŝŽŶ WƌŽũĞĐƚϮϰϭϭϱϯϭ͘Ϭϭ Ɖƌŝůϭϴ͕ϮϬϮϱ WĂŐĞϭϮ džĐĂǀĂƚŝŽŶĚĞƉƚŚƐǁŝůůǀĂƌLJďĞƚǁĞĞŶƚŚĞƐŽŝůďŽƌŝŶŐƐ͘WŽƌƚŝŽŶƐŽĨƚŚĞĞdžĐĂǀĂƚŝŽŶƐŵĂLJĂůƐŽĞdžƚĞŶĚĚĞĞƉĞƌ ƚŚĂŶŝŶĚŝĐĂƚĞĚďLJƚŚĞďŽƌŝŶŐƐ͘ŐĞŽƚĞĐŚŶŝĐĂůƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐŚŽƵůĚŽďƐĞƌǀĞƚŚĞĞdžĐĂǀĂƚŝŽŶƐƚŽŵĂŬĞƚŚĞ ŶĞĐĞƐƐĂƌLJĨŝĞůĚũƵĚŐŵĞŶƚƐƌĞŐĂƌĚŝŶŐƚŚĞƐƵŝƚĂďŝůŝƚLJŽĨƚŚĞĞdžƉŽƐĞĚƐŽŝůƐ͘ ƐƉƌĞǀŝŽƵƐůLJŶŽƚĞĚ͕ŝĨƚŚĞĨŽŽƚŝŶŐƐƵďŐƌĂĚĞƐĨŽƌƚŚĞƉƌŽƉŽƐĞĚŚŽƵƐĞƐǁŝůůďĞĂƌŽŶƚŚĞƐŝůƚƐŽŝůƐ͕ŝƚŵĂLJďĞ ŶĞĐĞƐƐĂƌLJƚŽƐƵďĐƵƚƚŚĞƐĞŶƐŝƚŝǀĞƐŝůƚƐŽŝůƐĂŶĂĚĚŝƚŝŽŶĂůϰĨĞĞƚĂŶĚƌĞƉůĂĐĞƚŚĞŵǁŝƚŚĐŽŵƉĂĐƚĞĚ͕ƐĂŶĚLJ ŽƌĐůĂLJĞLJĨŝůůƚŽďŽƚƚŽŵŽĨĨŽŽƚŝŶŐŐƌĂĚĞ͘dŚĞƐƵďŐƌĂĚĞĐŽƌƌĞĐƚŝŽŶǁŽƌŬĐŽƵůĚĂůƐŽďĞĚŽŶĞŽŶĂƉĂĚͲďLJͲ ƉĂĚďĂƐŝƐĚƵƌŝŶŐŚŽŵĞĐŽŶƐƚƌƵĐƚŝŽŶ͘^ĞĞƐĞĐƚŝŽŶ͘ϯ͘ďĨŽƌĂĚĚŝƚŝŽŶĂůŝŶĨŽƌŵĂƚŝŽŶ͘ dŚĞĐŽŶƚƌĂĐƚŽƌƐŚŽƵůĚƵƐĞĞƋƵŝƉŵĞŶƚĂŶĚƚĞĐŚŶŝƋƵĞƐƚŽŵŝŶŝŵŝnjĞƐŽŝůĚŝƐƚƵƌďĂŶĐĞ͘/ĨƚŚĞƐŽŝůƐĂƌĞ ĚŝƐƚƵƌďĞĚŽƌǁĞƚ͕ǁĞƌĞĐŽŵŵĞŶĚĞdžĐĂǀĂƚŝŽŶĂŶĚƌĞƉůĂĐĞŵĞŶƚ͘ ͘Ϯ͘ď͘ džĐĂǀĂƚŝŽŶKǀĞƌƐŝnjŝŶŐ tŚĞŶƌĞŵŽǀŝŶŐƵŶƐƵŝƚĂďůĞŵĂƚĞƌŝĂůƐďĞůŽǁƐƚƌƵĐƚƵƌĞƐŽƌƉĂǀĞŵĞŶƚƐ͕ǁĞƌĞĐŽŵŵĞŶĚƚŚĞĞdžĐĂǀĂƚŝŽŶ ĞdžƚĞŶĚŽƵƚǁĂƌĚĂŶĚĚŽǁŶǁĂƌĚĂƚĂƐůŽƉĞŽĨϭ,͗ϭs;ŚŽƌŝnjŽŶƚĂů͗ǀĞƌƚŝĐĂůͿŽƌĨůĂƚƚĞƌ͘^ĞĞ&ŝŐƵƌĞϮĨŽƌĂŶ ŝůůƵƐƚƌĂƚŝŽŶŽĨĞdžĐĂǀĂƚŝŽŶŽǀĞƌƐŝnjŝŶŐ͘ &ŝŐƵƌĞϮ͘'ĞŶĞƌĂůŝnjĞĚ/ůůƵƐƚƌĂƚŝŽŶŽĨKǀĞƌƐŝnjŝŶŐ ϭ͘ ŶŐŝŶĞĞƌĞĚĨŝůůĂƐĚĞĨŝŶĞĚŝŶ͘Ϯ͘Ő Ϯ͘ džĐĂǀĂƚŝŽŶŽǀĞƌƐŝnjŝŶŐŵŝŶŝŵƵŵŽĨϭƚŽϭ ;ŚŽƌŝnjŽŶƚĂůƚŽǀĞƌƚŝĐĂůͿƐůŽƉĞŽƌĨůĂƚƚĞƌ ϯ͘ ŶŐŝŶĞĞƌĞĚĨŝůůĂƐƌĞƋƵŝƌĞĚƚŽŵĞĞƚ ƉĂǀĞŵĞŶƚƐƵƉƉŽƌƚŽƌůĂŶĚƐĐĂƉŝŶŐ ƌĞƋƵŝƌĞŵĞŶƚƐĂƐĚĞĨŝŶĞĚŝŶ͘Ϯ͘Ő ϰ͘ džĐĂǀĂƚŝŽŶďĂĐŬƐůŽƉĞƚŽK^,ƌĞƋƵŝƌĞŵĞŶƚƐ >ĞŶŶĂƌŽƌƉŽƌĂƚŝŽŶ WƌŽũĞĐƚϮϰϭϭϱϯϭ͘Ϭϭ Ɖƌŝůϭϴ͕ϮϬϮϱ WĂŐĞϭϯ ͘Ϯ͘Đ͘ džĐĂǀĂƚĞĚ^ůŽƉĞƐ ĂƐĞĚŽŶƚŚĞƐŽŝůďŽƌŝŶŐƐ͕ǁĞĂŶƚŝĐŝƉĂƚĞŽŶͲƐŝƚĞƐŽŝůƐŝŶĞdžĐĂǀĂƚŝŽŶƐǁŝůůĐŽŶƐŝƐƚŽĨďŽƚŚĐůĂLJĂŶĚƐŝůƚƐŽŝůƐ͘ dŚĞĐůĂLJƐŽŝůƐĂƌĞƚLJƉŝĐĂůůLJĐŽŶƐŝĚĞƌĞĚdLJƉĞ^ŽŝůƵŶĚĞƌK^,;KĐĐƵƉĂƚŝŽŶĂů^ĂĨĞƚLJĂŶĚ,ĞĂůƚŚ ĚŵŝŶŝƐƚƌĂƚŝŽŶͿŐƵŝĚĞůŝŶĞƐ͘K^,ŐƵŝĚĞůŝŶĞƐŝŶĚŝĐĂƚĞƵŶƐƵƉƉŽƌƚĞĚĞdžĐĂǀĂƚŝŽŶƐŝŶdLJƉĞƐŽŝůƐƐŚŽƵůĚŚĂǀĞĂ 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ĂďŽǀĞŝŶĚĞĞƉĨŝůůĂƌĞĂƐƵŶůĞƐƐĂĐŽŶƐƚƌƵĐƚŝŽŶĚĞůĂLJŽƌƚŚĞĂůƚĞƌŶĂƚŝǀĞŽĨƉĂƌƚŝĂůůLJĨŝůůŝŶŐǁŝƚŚĐůĞĂŶƐĂŶĚĨŝůů ŝƐĐŽŵƉůĞƚĞĚ͘ ͘ϰ͘ĂƐĞŵĞŶƚtĂůůƐ dŚĞĨŽůůŽǁŝŶŐƐĞĐƚŝŽŶƐĂĚĚƌĞƐƐƐŽŝůƉĂƌĂŵĞƚĞƌƐĨŽƌďĂƐĞŵĞŶƚǁĂůůĚĞƐŝŐŶ͘ůƚŚŽƵŐŚĐŽŶƐƚƌƵĐƚŝŽŶŽĨ ƌĞƚĂŝŶŝŶŐǁĂůůƐŚĂƐŶŽƚďĞĞŶƐƉĞĐŝĨŝĞĚĨŽƌƚŚŝƐƉƌŽũĞĐƚƚŽĚĂƚĞ͕ƚŚĞĨŽůůŽǁŝŶŐƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐĐĂŶĂůƐŽ ďĞƵƐĞĚĨŽƌƉƌĞůŝŵŝŶĂƌLJƌĞƚĂŝŶŝŶŐǁĂůůĚĞƐŝŐŶ͘tĞƌĞĐŽŵŵĞŶĚƚŚĂƚĂĚĚŝƚŝŽŶĂůƐŽŝůďŽƌŝŶŐƐďĞĐŽŵƉůĞƚĞĚ ĨŽƌĨŝŶĂůƌĞƚĂŝŶŝŶŐǁĂůůĚĞƐŝŐŶ͘ >ĞŶŶĂƌŽƌƉŽƌĂƚŝŽŶ WƌŽũĞĐƚϮϰϭϭϱϯϭ͘Ϭϭ Ɖƌŝůϭϴ͕ϮϬϮϱ WĂŐĞϭϴ ͘ϰ͘Ă͘ƌĂŝŶĂŐĞŽŶƚƌŽů tĞƌĞĐŽŵŵĞŶĚŝŶƐƚĂůůŝŶŐĚƌĂŝŶƚŝůĞƚŽƌĞŵŽǀĞǁĂƚĞƌďĞŚŝŶĚƚŚĞďĞůŽǁͲŐƌĂĚĞǁĂůůƐ͕ĂƚƚŚĞůŽĐĂƚŝŽŶƐŚŽǁŶ ŝŶ&ŝŐƵƌĞϰ͘dŚĞďĞůŽǁͲŐƌĂĚĞǁĂůůĚƌĂŝŶĂŐĞƐLJƐƚĞŵƐŚŽƵůĚĂůƐŽŝŶĐŽƌƉŽƌĂƚĞĨƌĞĞͲĚƌĂŝŶŝŶŐ͕ĞŶŐŝŶĞĞƌĞĚĨŝůů ŽƌĂĚƌĂŝŶĂŐĞďŽĂƌĚƉůĂĐĞĚĂŐĂŝŶƐƚƚŚĞǁĂůůĂŶĚĐŽŶŶĞĐƚĞĚƚŽƚŚĞĚƌĂŝŶƚŝůĞ͘ ǀĞŶǁŝƚŚƚŚĞƵƐĞŽĨĨƌĞĞͲĚƌĂŝŶŝŶŐ͕ĞŶŐŝŶĞĞƌĞĚĨŝůů͕ǁĞƌĞĐŽŵŵĞŶĚŐĞŶĞƌĂůǁĂƚĞƌƉƌŽŽĨŝŶŐŽĨďĞůŽǁͲŐƌĂĚĞ ǁĂůůƐƚŚĂƚƐƵƌƌŽƵŶĚŽĐĐƵƉŝĞĚŽƌƉŽƚĞŶƚŝĂůůLJŽĐĐƵƉŝĞĚĂƌĞĂƐďĞĐĂƵƐĞŽĨƚŚĞƉŽƚĞŶƚŝĂůĐŽƐƚŝŵƉĂĐƚƐƌĞůĂƚĞĚ ƚŽƐĞĞƉĂŐĞĂĨƚĞƌĐŽŶƐƚƌƵĐƚŝŽŶŝƐĐŽŵƉůĞƚĞ͘ &ŝŐƵƌĞϰ͘'ĞŶĞƌĂůŝnjĞĚ/ůůƵƐƚƌĂƚŝŽŶŽĨtĂůů 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ƐƵďŐƌĂĚĞĞůĞǀĂƚŝŽŶ͕ǁĞƌĞĐŽŵŵĞŶĚƉĂǀĞŵĞŶƚĚĞƐŝŐŶĂƐƐƵŵĞĂŶZͲǀĂůƵĞŽĨϭϮ͘EŽƚĞ͕ƚŚĞĐŽŶƚƌĂĐƚŽƌŵĂLJ ŶĞĞĚƚŽƉĞƌĨŽƌŵůŝŵŝƚĞĚƌĞŵŽǀĂůŽĨƵŶƐƵŝƚĂďůĞŽƌůĞƐƐƐƵŝƚĂďůĞƐŽŝůƐƚŽĂĐŚŝĞǀĞƚŚŝƐǀĂůƵĞ͘ tĞĂƐƐƵŵĞƚŚĞƉĂǀĞŵĞŶƚƐĞĐƚŝŽŶǁŝůůďĞĚĞƐŝŐŶĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞŝƚLJŽĨZŽĐŚĞƐƚĞƌ^ƚĂŶĚĂƌĚ WůĂƚĞƐ͕ŝŶĐůƵĚŝŶŐůĂLJĞƌƚŚŝĐŬŶĞƐƐĂŶĚŵĂƚĞƌŝĂůƐƉĞĐŝĨŝĐĂƚŝŽŶƐ͘ /ŶƚŚĞĞǀĞŶƚƚŚĞƌĞĂƌĞĂƌĞĂƐŽĨƚŚĞƐŝƚĞŝŶǁŚŝĐŚŝƚLJƐƚĂŶĚĂƌĚƐĂƌĞŶŽƚƌĞƋƵŝƌĞĚ͕ǁĞƌĞĐŽŵŵĞŶĚƚŚĞ ĨŽůůŽǁŝŶŐ͘tĞŚĂǀĞĂƐƐƵŵĞĚƚŚĂƚƉĂǀĞŵĞŶƚƐĨŽƌƌĞƐŝĚĞŶƚŝĂůĚĞǀĞůŽƉŵĞŶƚǁŝůůďĞƐƵďũĞĐƚƚŽĂŵĂdžŝŵƵŵ ŽĨϭϱϬ͕ϬϬϬ ^>ƐŽǀĞƌĂϮϬͲLJĞĂƌĚĞƐŝŐŶůŝĨĞ͘ĂƐĞĚƵƉŽŶƚŚĞƚƌĂĨĨŝĐǀŽůƵŵĞĂŶĚĂŶZͲǀĂůƵĞĞƐƚŝŵĂƚĞŽĨϭϮ͕ ǁĞƌĞĐŽŵŵĞŶĚĂďŝƚƵŵŝŶŽƵƐƉĂǀĞŵĞŶƚƐĞĐƚŝŽŶƚŚĂƚŝŶĐůƵĚĞƐĂŵŝŶŝŵƵŵŽĨϯϭͬϮŝŶĐŚĞƐŽĨďŝƚƵŵŝŶŽƵƐ ƉĂǀĞŵĞŶƚ;ĂϭϭͬϮͲŝŶĐŚǁĞĂƌĐŽƵƌƐĞŽǀĞƌĂϮͲŝŶĐŚďĂƐĞĐŽƵƌƐĞͿŽǀĞƌϴŝŶĐŚĞƐŽĨĂŐŐƌĞŐĂƚĞďĂƐĞŵĂƚĞƌŝĂů ĂŶĚϮϰŝŶĐŚĞƐŽĨƐĞůĞĐƚŐƌĂŶƵůĂƌďŽƌƌŽǁ͘dŚĞϮϰŝŶĐŚĞƐŽĨƐĞůĞĐƚŐƌĂŶƵůĂƌďŽƌƌŽǁǁŝůůŚĞůƉƚŽŵŝŶŝŵŝnjĞ ĨƌŽƐƚŚĞĂǀĞ͕ĞƐƉĞĐŝĂůůLJŽŶĂƐŝƚĞǁŝƚŚŵŽŝƐƚƵƌĞƐĞŶƐŝƚŝǀĞĐůĂLJĂŶĚƐŝůƚƐŽŝůƐ͘ ͘ϳ͘ď͘^ƵďŐƌĂĚĞƌĂŝŶĂŐĞ tĞƌĞĐŽŵŵĞŶĚŝŶƐƚĂůůŝŶŐƉĞƌĨŽƌĂƚĞĚĚƌĂŝŶƉŝƉĞƐƚŚƌŽƵŐŚŽƵƚƉĂǀĞŵĞŶƚĂƌĞĂƐĂƚůŽǁƉŽŝŶƚƐ͕ĂƌŽƵŶĚĐĂƚĐŚ ďĂƐŝŶƐ͕ĂŶĚďĞŚŝŶĚĐƵƌďŝŶůĂŶĚƐĐĂƉĞĚĂƌĞĂƐ͘tĞĂůƐŽƌĞĐŽŵŵĞŶĚŝŶƐƚĂůůŝŶŐĚƌĂŝŶƉŝƉĞƐĂůŽŶŐƉĂǀĞŵĞŶƚ ĂŶĚĞdžƚĞƌŝŽƌƐůĂďĞĚŐĞƐǁŚĞƌĞĞdžƚĞƌŝŽƌŐƌĂĚĞƐƉƌŽŵŽƚĞĚƌĂŝŶĂŐĞƚŽǁĂƌĚƚŚŽƐĞĞĚŐĞĂƌĞĂƐ͘dŚĞ ĐŽŶƚƌĂĐƚŽƌƐŚŽƵůĚƉůĂĐĞĚƌĂŝŶƉŝƉĞƐĂƚƚŚĞďĂƐĞŽĨƚŚĞŐƌĂŶƵůĂƌƐƵďďĂƐĞůĂLJĞƌ͕ŽƌŝŶƐŚĂůůŽǁƚƌĞŶĐŚĞƐũƵƐƚ ďĞůŽǁƚŚĞĂŐŐƌĞŐĂƚĞďĂƐĞŵĂƚĞƌŝĂůǁŚĞƌĞŶŽƐƵďďĂƐĞŝƐƉƌĞƐĞŶƚ͘ ͘ϳ͘Đ͘WĞƌĨŽƌŵĂŶĐĞĂŶĚDĂŝŶƚĞŶĂŶĐĞ tĞďĂƐĞĚƚŚĞĂďŽǀĞƉĂǀĞŵĞŶƚĚĞƐŝŐŶƐŽŶĂϮϬͲLJĞĂƌƉĞƌĨŽƌŵĂŶĐĞůŝĨĞĨŽƌďŝƚƵŵŝŶŽƵƐ͘dŚŝƐŝƐƚŚĞĂŵŽƵŶƚ ŽĨƚŝŵĞďĞĨŽƌĞǁĞĂŶƚŝĐŝƉĂƚĞƚŚĞƉĂǀĞŵĞŶƚǁŝůůƌĞƋƵŝƌĞƌĞĐŽŶƐƚƌƵĐƚŝŽŶ͘dŚŝƐƉĞƌĨŽƌŵĂŶĐĞůŝĨĞĂƐƐƵŵĞƐ ƌŽƵƚŝŶĞŵĂŝŶƚĞŶĂŶĐĞ͕ƐƵĐŚĂƐƐĞĂůĐŽĂƚŝŶŐĂŶĚĐƌĂĐŬƐĞĂůŝŶŐ͘dŚĞĂĐƚƵĂůƉĂǀĞŵĞŶƚůŝĨĞǁŝůůǀĂƌLJĚĞƉĞŶĚŝŶŐ ŽŶǀĂƌŝĂƚŝŽŶƐŝŶǁĞĂƚŚĞƌ͕ƚƌĂĨĨŝĐĐŽŶĚŝƚŝŽŶƐĂŶĚŵĂŝŶƚĞŶĂŶĐĞ͘ >ĞŶŶĂƌŽƌƉŽƌĂƚŝŽŶ WƌŽũĞĐƚϮϰϭϭϱϯϭ͘Ϭϭ Ɖƌŝůϭϴ͕ϮϬϮϱ WĂŐĞϮϯ /ƚŝƐĐŽŵŵŽŶƚŽƉůĂĐĞƚŚĞŶŽŶͲǁĞĂƌĐŽƵƌƐĞŽĨďŝƚƵŵŝŶŽƵƐĂŶĚƚŚĞŶĚĞůĂLJƉůĂĐĞŵĞŶƚŽĨǁĞĂƌĐŽƵƌƐĞ͘&Žƌ ƚŚŝƐƐŝƚƵĂƚŝŽŶ͕ǁĞƌĞĐŽŵŵĞŶĚĞǀĂůƵĂƚŝŶŐŝĨƚŚĞƌĞĚƵĐĞĚƉĂǀĞŵĞŶƚƐĞĐƚŝŽŶǁŝůůŚĂǀĞƐƵĨĨŝĐŝĞŶƚƐƚƌƵĐƚƵƌĞƚŽ ƐƵƉƉŽƌƚĐŽŶƐƚƌƵĐƚŝŽŶƚƌĂĨĨŝĐ͘ DĂŶLJĐŽŶĚŝƚŝŽŶƐĂĨĨĞĐƚƚŚĞŽǀĞƌĂůůƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞĞdžƚĞƌŝŽƌƐůĂďƐĂŶĚƉĂǀĞŵĞŶƚƐ͘^ŽŵĞŽĨƚŚĞƐĞ ĐŽŶĚŝƚŝŽŶƐŝŶĐůƵĚĞƚŚĞĞŶǀŝƌŽŶŵĞŶƚ͕ůŽĂĚŝŶŐĐŽŶĚŝƚŝŽŶƐĂŶĚƚŚĞůĞǀĞůŽĨŽŶŐŽŝŶŐŵĂŝŶƚĞŶĂŶĐĞ͘tŝƚŚ ďŝƚƵŵŝŶŽƵƐƉĂǀĞŵĞŶƚƐ͕ŝƚŝƐĐŽŵŵŽŶƚŽŚĂǀĞƚŚĞƌŵĂůĐƌĂĐŬŝŶŐĚĞǀĞůŽƉǁŝƚŚŝŶƚŚĞĨŝƌƐƚĨĞǁLJĞĂƌƐŽĨ ƉůĂĐĞŵĞŶƚĂŶĚĐŽŶƚŝŶƵĞƚŚƌŽƵŐŚŽƵƚƚŚĞůŝĨĞŽĨƚŚĞƉĂǀĞŵĞŶƚ͘tĞƌĞĐŽŵŵĞŶĚĚĞǀĞůŽƉŝŶŐĂƌĞŐƵůĂƌ ŵĂŝŶƚĞŶĂŶĐĞƉůĂŶĨŽƌĨŝůůŝŶŐĐƌĂĐŬƐŝŶĞdžƚĞƌŝŽƌƐůĂďƐĂŶĚƉĂǀĞŵĞŶƚƐƚŽůĞƐƐĞŶƚŚĞƉŽƚĞŶƚŝĂůŝŵƉĂĐƚƐĨŽƌ ĐŽůĚǁĞĂƚŚĞƌĚŝƐƚƌĞƐƐĚƵĞƚŽĨƌŽƐƚŚĞĂǀĞŽƌǁĂƌŵǁĞĂƚŚĞƌĚŝƐƚƌĞƐƐĚƵĞƚŽǁĞƚƚŝŶŐĂŶĚƐŽĨƚĞŶŝŶŐŽĨƚŚĞ ƐƵďŐƌĂĚĞ͘ ͘ϴ͘hƚŝůŝƚŝĞƐ ͘ϴ͘Ă͘^ƵďŐƌĂĚĞ^ƚĂďŝůŝnjĂƚŝŽŶ ĂƌƚŚǁŽƌŬĂĐƚŝǀŝƚŝĞƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚƵƚŝůŝƚLJŝŶƐƚĂůůĂƚŝŽŶƐůŽĐĂƚĞĚŝŶƐŝĚĞƚŚĞďƵŝůĚŝŶŐĂƌĞĂƐŚŽƵůĚĂĚŚĞƌĞƚŽ ƚŚĞƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐŝŶ^ĞĐƚŝŽŶ͘Ϯ͘Ő͘ &ŽƌĞdžƚĞƌŝŽƌƵƚŝůŝƚŝĞƐ͕ǁĞĂŶƚŝĐŝƉĂƚĞƚŚĞƐŽŝůƐĂƚƚLJƉŝĐĂůŝŶǀĞƌƚĞůĞǀĂƚŝŽŶƐǁŝůůďĞƐƵŝƚĂďůĞĨŽƌƵƚŝůŝƚLJƐƵƉƉŽƌƚ͘ ,ŽǁĞǀĞƌ͕ŝĨĐŽŶƐƚƌƵĐƚŝŽŶĞŶĐŽƵŶƚĞƌƐƵŶĨĂǀŽƌĂďůĞĐŽŶĚŝƚŝŽŶƐƐƵĐŚĂƐƐŽĨƚĐůĂLJ͕ǀĞƌLJůŽŽƐĞƐŝůƚ͕ŽƌŐĂŶŝĐƐŽŝůƐ ŽƌƉĞƌĐŚĞĚǁĂƚĞƌĂƚŝŶǀĞƌƚŐƌĂĚĞƐ͕ƚŚĞƵŶƐƵŝƚĂďůĞƐŽŝůƐŵĂLJƌĞƋƵŝƌĞƐŽŵĞĂĚĚŝƚŝŽŶĂůƐƵďĐƵƚƚŝŶŐĂŶĚ ƌĞƉůĂĐĞŵĞŶƚǁŝƚŚƐĂŶĚŽƌĐƌƵƐŚĞĚƌŽĐŬƚŽƉƌĞƉĂƌĞĂƉƌŽƉĞƌƐƵďŐƌĂĚĞĨŽƌƉŝƉĞƐƵƉƉŽƌƚ͘WƌŽũĞĐƚĚĞƐŝŐŶ ĂŶĚĐŽŶƐƚƌƵĐƚŝŽŶƐŚŽƵůĚŶŽƚƉůĂĐĞƵƚŝůŝƚŝĞƐǁŝƚŚŝŶƚŚĞϭ,͗ϭsŽǀĞƌƐŝnjŝŶŐŽĨĨŽƵŶĚĂƚŝŽŶƐ͘ ͘ϴ͘ď͘'ƌŽƵŶĚǁĂƚĞƌŝŶ džĐĂǀĂƚŝŽŶƐ tĞĂŶƚŝĐŝƉĂƚĞŐƌŽƵŶĚǁĂƚĞƌǁŝƚŚŝŶŵŽƐƚƵƚŝůŝƚLJƚƌĞŶĐŚĞdžĐĂǀĂƚŝŽŶƐ͘WůĞĂƐĞƌĞǀŝĞǁ^ĞĐƚŝŽŶƐ͘ϯĂŶĚ͘ϭ͘Đ ŽĨƚŚŝƐƌĞƉŽƌƚĐůŽƐĞůLJƌĞŐĂƌĚŝŶŐƚŚĞŐƌŽƵŶĚǁĂƚĞƌĐŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐƐŝƚĞ͘&ƵƌƚŚĞƌŵŽƌĞ͕ĐŽŵŵŽŶůLJƚŚĞ ŵĂŝŶůŝŶĞƐĂŶŝƚĂƌLJƐĞǁĞƌƚƌĞŶĐŚĞƐŝŶƚĞƌĐĞƉƚƚŚĞŶĂƚƵƌĂůƉĞƌĐŚĞĚŐƌŽƵŶĚǁĂƚĞƌĨůŽǁ͕ĂŶĚǁĞĂŶƚŝĐŝƉĂƚĞƚŚĞ ŐƌŽƵŶĚǁĂƚĞƌĐŽŶĚŝƚŝŽŶƚŽĐŚĂŶŐĞĂĨƚĞƌƚŚĞŝŶƐƚĂůůĂƚŝŽŶŽĨŵĂŝŶůŝŶĞƵƚŝůŝƚŝĞƐ͘ ͘ϴ͘Đ͘ŽƌƌŽƐŝŽŶWŽƚĞŶƚŝĂů ĂƐĞĚŽŶŽƵƌĞdžƉĞƌŝĞŶĐĞ͕ƚŚĞƐŽŝůƐĞŶĐŽƵŶƚĞƌĞĚďLJƚŚĞďŽƌŝŶŐƐĂƌĞŵŽĚĞƌĂƚĞůLJĐŽƌƌŽƐŝǀĞƚŽŵĞƚĂůůŝĐ ĐŽŶĚƵŝƚƐ͕ďƵƚŽŶůLJŵĂƌŐŝŶĂůůLJĐŽƌƌŽƐŝǀĞƚŽĐŽŶĐƌĞƚĞ͘tĞƌĞĐŽŵŵĞŶĚƐƉĞĐŝĨLJŝŶŐŶŽŶͲĐŽƌƌŽƐŝǀĞŵĂƚĞƌŝĂůƐ ŽƌƉƌŽǀŝĚŝŶŐĐŽƌƌŽƐŝŽŶƉƌŽƚĞĐƚŝŽŶ͕ƵŶůĞƐƐƉƌŽũĞĐƚƉůĂŶŶŝŶŐĐŚŽŽƐĞƐƚŽƉĞƌĨŽƌŵĂĚĚŝƚŝŽŶĂůƚĞƐƚƐƚŽ ĚĞŵŽŶƐƚƌĂƚĞƚŚĞƐŽŝůƐĂƌĞŶŽƚĐŽƌƌŽƐŝǀĞ͘ >ĞŶŶĂƌŽƌƉŽƌĂƚŝŽŶ WƌŽũĞĐƚϮϰϭϭϱϯϭ͘Ϭϭ Ɖƌŝůϭϴ͕ϮϬϮϱ WĂŐĞϮϰ ͘ϵ͘^ƚŽƌŵǁĂƚĞƌ ĂƐĞĚŽŶƚŚĞĂďƵŶĚĂŶĐĞŽĨĐůĂLJĞLJ͕ĨŝŶĞͲŐƌĂŝŶĞĚƐŽŝůƐĞŶĐŽƵŶƚĞƌĞĚďLJƚŚĞƐŽŝůďŽƌŝŶŐƐ͕ǁĞĚŽŶŽƚ ƌĞĐŽŵŵĞŶĚŝŶĨŝůƚƌĂƚŝŽŶŽĨƐƚŽƌŵǁĂƚĞƌĂƚƚŚŝƐƐŝƚĞ͘dŚĞƐŝƚĞƐŽŝůƐĂƌĞũƵĚŐĞĚƚŽďĞŝŶƚŚĞ,LJĚƌŽůŽŐŝĐ^Žŝů 'ƌŽƵƉĂĐĐŽƌĚŝŶŐƚŽƚŚĞDŝŶŶĞƐŽƚĂ^ƚŽƌŵǁĂƚĞƌŵĂŶƵĂů͘,ŽǁĞǀĞƌ͕ŝĨĂĚĞƐŝŐŶŝƐƌĞƋƵĞƐƚĞĚ͕ǁĞ ƌĞĐŽŵŵĞŶĚĐŽŶƐƵůƚŝŶŐƚŚĞDŝŶŶĞƐŽƚĂ^ƚŽƌŵǁĂƚĞƌDĂŶƵĂůĨŽƌƐƚŽƌŵǁĂƚĞƌĚĞƐŝŐŶ͘ &ŝŶĞͲŐƌĂŝŶĞĚƐŽŝůƐ;ƐŝůƚƐĂŶĚĐůĂLJƐͿ͕ƚŽƉƐŽŝůŽƌŽƌŐĂŶŝĐŵĂƚƚĞƌƚŚĂƚŵŝdžĞƐŝŶƚŽŽƌǁĂƐŚĞƐŽŶƚŽƚŚĞƐŽŝůǁŝůů ůŽǁĞƌƚŚĞƉĞƌŵĞĂďŝůŝƚLJ͘dŚĞĐŽŶƚƌĂĐƚŽƌƐŚŽƵůĚŵĂŝŶƚĂŝŶĂŶĚƉƌŽƚĞĐƚŝŶĨŝůƚƌĂƚŝŽŶĂƌĞĂƐĚƵƌŝŶŐ ĐŽŶƐƚƌƵĐƚŝŽŶ͘&ƵƌƚŚĞƌŵŽƌĞ͕ŽƌŐĂŶŝĐŵĂƚƚĞƌĂŶĚƐŝůƚǁĂƐŚĞĚŝŶƚŽƚŚĞƐLJƐƚĞŵĂĨƚĞƌĐŽŶƐƚƌƵĐƚŝŽŶĐĂŶĨŝůůƚŚĞ ƐŽŝůƉŽƌĞƐĂŶĚƌĞĚƵĐĞƉĞƌŵĞĂďŝůŝƚLJŽǀĞƌƚŝŵĞ͘WƌŽƉĞƌŵĂŝŶƚĞŶĂŶĐĞŝƐŝŵƉŽƌƚĂŶƚĨŽƌůŽŶŐͲƚĞƌŵ ƉĞƌĨŽƌŵĂŶĐĞŽĨŝŶĨŝůƚƌĂƚŝŽŶƐLJƐƚĞŵƐ͘ ͘WƌŽĐĞĚƵƌĞƐ ͘ϭ͘WĞŶĞƚƌĂƚŝŽŶdĞƐƚŽƌŝŶŐƐ tĞĚƌŝůůĞĚƚŚĞƉĞŶĞƚƌĂƚŝŽŶƚĞƐƚďŽƌŝŶŐƐǁŝƚŚĂŶĂůůͲƚĞƌƌĂŝŶͲŵŽƵŶƚĞĚĐŽƌĞĂŶĚĂƵŐĞƌĚƌŝůůĞƋƵŝƉƉĞĚǁŝƚŚ ŚŽůůŽǁͲƐƚĞŵĂƵŐĞƌ͘tĞƉĞƌĨŽƌŵĞĚƚŚĞďŽƌŝŶŐƐŝŶŐĞŶĞƌĂůĂĐĐŽƌĚĂŶĐĞǁŝƚŚ^dDϲϭϱϭƚĂŬŝŶŐ ƉĞŶĞƚƌĂƚŝŽŶƚĞƐƚƐĂŵƉůĞƐĂƚϮϭͬϮͲŽƌϱͲĨŽŽƚŝŶƚĞƌǀĂůƐŝŶŐĞŶĞƌĂůĂĐĐŽƌĚĂŶĐĞǁŝƚŚ^dDϭϱϴϲ͘dŚĞ ďŽƌŝŶŐůŽŐƐƐŚŽǁƚŚĞĂĐƚƵĂůƐĂŵƉůĞŝŶƚĞƌǀĂůƐĂŶĚĐŽƌƌĞƐƉŽŶĚŝŶŐĚĞƉƚŚƐ͘ tĞƐĞĂůĞĚƉĞŶĞƚƌĂƚŝŽŶƚĞƐƚďŽƌĞŚŽůĞƐŵĞĞƚŝŶŐƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨ,ĞĂůƚŚ;D,Ϳ ŶǀŝƌŽŶŵĞŶƚĂůŽƌĞŚŽůĞĐƌŝƚĞƌŝĂǁŝƚŚĂŶD,ͲĂƉƉƌŽǀĞĚŐƌŽƵƚĂŶĚƐĞĂůŝŶŐƌĞĐŽƌĚƐƐƵďŵŝƚƚĞĚ͕ĂƐ ƌĞƋƵŝƌĞĚ͘ ͘Ϯ͘ džƉůŽƌĂƚŝŽŶ>ŽŐƐ ͘Ϯ͘Ă͘>ŽŐŽĨŽƌŝŶŐ^ŚĞĞƚƐ dŚĞƉƉĞŶĚŝdžŝŶĐůƵĚĞƐ>ŽŐŽĨŽƌŝŶŐƐŚĞĞƚƐĨŽƌŽƵƌƉĞŶĞƚƌĂƚŝŽŶƚĞƐƚďŽƌŝŶŐƐ͘dŚĞůŽŐƐŝĚĞŶƚŝĨLJĂŶĚ ĚĞƐĐƌŝďĞƚŚĞƉĞŶĞƚƌĂƚĞĚŐĞŽůŽŐŝĐŵĂƚĞƌŝĂůƐĂŶĚƉƌĞƐĞŶƚƚŚĞƌĞƐƵůƚƐŽĨƉĞŶĞƚƌĂƚŝŽŶƌĞƐŝƐƚĂŶĐĞĂŶĚŽƚŚĞƌ ŝŶͲƐŝƚƵƚĞƐƚƐƉĞƌĨŽƌŵĞĚ͘dŚĞůŽŐƐĂůƐŽƉƌĞƐĞŶƚƚŚĞƌĞƐƵůƚƐŽĨůĂďŽƌĂƚŽƌLJƚĞƐƚƐƉĞƌĨŽƌŵĞĚŽŶƉĞŶĞƚƌĂƚŝŽŶ ƚĞƐƚƐĂŵƉůĞƐ͕ĂŶĚŐƌŽƵŶĚǁĂƚĞƌŵĞĂƐƵƌĞŵĞŶƚƐ͘dŚĞƉƉĞŶĚŝdžĂůƐŽŝŶĐůƵĚĞƐĂ&ĞŶĐĞŝĂŐƌĂŵŝŶƚĞŶĚĞĚƚŽ ƉƌŽǀŝĚĞĂƐƵŵŵĂƌŝnjĞĚĐƌŽƐƐͲƐĞĐƚŝŽŶĂůǀŝĞǁŽĨƚŚĞƐŽŝůƉƌŽĨŝůĞĂĐƌŽƐƐƚŚĞƐŝƚĞ͘ >ĞŶŶĂƌŽƌƉŽƌĂƚŝŽŶ WƌŽũĞĐƚϮϰϭϭϱϯϭ͘Ϭϭ Ɖƌŝůϭϴ͕ϮϬϮϱ WĂŐĞϮϱ tĞŝŶĨĞƌƌĞĚƐƚƌĂƚĂďŽƵŶĚĂƌŝĞƐĨƌŽŵĐŚĂŶŐĞƐŝŶƚŚĞƉĞŶĞƚƌĂƚŝŽŶƚĞƐƚƐĂŵƉůĞƐĂŶĚƚŚĞĂƵŐĞƌĐƵƚƚŝŶŐƐ͘ ĞĐĂƵƐĞǁĞĚŝĚŶŽƚƉĞƌĨŽƌŵĐŽŶƚŝŶƵŽƵƐƐĂŵƉůŝŶŐ͕ƚŚĞƐƚƌĂƚĂďŽƵŶĚĂƌLJĚĞƉƚŚƐĂƌĞŽŶůLJĂƉƉƌŽdžŝŵĂƚĞ͘dŚĞ ďŽƵŶĚĂƌLJĚĞƉƚŚƐůŝŬĞůLJǀĂƌLJĂǁĂLJĨƌŽŵƚŚĞďŽƌŝŶŐůŽĐĂƚŝŽŶƐ͕ĂŶĚƚŚĞďŽƵŶĚĂƌŝĞƐƚŚĞŵƐĞůǀĞƐŵĂLJŽĐĐƵƌĂƐ ŐƌĂĚƵĂůƌĂƚŚĞƌƚŚĂŶĂďƌƵƉƚƚƌĂŶƐŝƚŝŽŶƐ͘ ͘Ϯ͘ď͘'ĞŽůŽŐŝĐKƌŝŐŝŶƐ tĞĂƐƐŝŐŶĞĚŐĞŽůŽŐŝĐŽƌŝŐŝŶƐƚŽƚŚĞŵĂƚĞƌŝĂůƐƐŚŽǁŶŽŶƚŚĞůŽŐƐĂŶĚƌĞĨĞƌĞŶĐĞĚǁŝƚŚŝŶƚŚŝƐƌĞƉŽƌƚ͕ďĂƐĞĚ ŽŶ͗;ϭͿĂƌĞǀŝĞǁŽĨƚŚĞďĂĐŬŐƌŽƵŶĚŝŶĨŽƌŵĂƚŝŽŶĂŶĚƌĞĨĞƌĞŶĐĞĚŽĐƵŵĞŶƚƐĐŝƚĞĚĂďŽǀĞ͕;ϮͿǀŝƐƵĂů ĐůĂƐƐŝĨŝĐĂƚŝŽŶŽĨƚŚĞǀĂƌŝŽƵƐŐĞŽůŽŐŝĐŵĂƚĞƌŝĂůƐĂŵƉůĞƐƌĞƚƌŝĞǀĞĚĚƵƌŝŶŐƚŚĞĐŽƵƌƐĞŽĨŽƵƌƐƵďƐƵƌĨĂĐĞ ĞdžƉůŽƌĂƚŝŽŶ͕;ϯͿƉĞŶĞƚƌĂƚŝŽŶƌĞƐŝƐƚĂŶĐĞĂŶĚŽƚŚĞƌŝŶͲƐŝƚƵƚĞƐƚŝŶŐƉĞƌĨŽƌŵĞĚĨŽƌƚŚĞƉƌŽũĞĐƚ͕;ϰͿůĂďŽƌĂƚŽƌLJ ƚĞƐƚƌĞƐƵůƚƐ͕ĂŶĚ;ϱͿĂǀĂŝůĂďůĞĐŽŵŵŽŶŬŶŽǁůĞĚŐĞŽĨƚŚĞŐĞŽůŽŐŝĐƉƌŽĐĞƐƐĞƐĂŶĚĞŶǀŝƌŽŶŵĞŶƚƐƚŚĂƚŚĂǀĞ ŝŵƉĂĐƚĞĚƚŚĞƐŝƚĞĂŶĚƐƵƌƌŽƵŶĚŝŶŐĂƌĞĂŝŶƚŚĞƉĂƐƚ͘ ͘ϯ͘DĂƚĞƌŝĂůůĂƐƐŝĨŝĐĂƚŝŽŶĂŶĚdĞƐƚŝŶŐ ͘ϯ͘Ă͘sŝƐƵĂůĂŶĚDĂŶƵĂůůĂƐƐŝĨŝĐĂƚŝŽŶ tĞǀŝƐƵĂůůLJĂŶĚŵĂŶƵĂůůLJĐůĂƐƐŝĨŝĞĚƚŚĞŐĞŽůŽŐŝĐŵĂƚĞƌŝĂůƐĞŶĐŽƵŶƚĞƌĞĚďĂƐĞĚŽŶ^dDϮϰϴϴ͘tŚĞŶǁĞ ƉĞƌĨŽƌŵĞĚůĂďŽƌĂƚŽƌLJĐůĂƐƐŝĨŝĐĂƚŝŽŶƚĞƐƚƐ͕ǁĞƵƐĞĚƚŚĞƌĞƐƵůƚƐƚŽĐůĂƐƐŝĨLJƚŚĞŐĞŽůŽŐŝĐŵĂƚĞƌŝĂůƐŝŶ ĂĐĐŽƌĚĂŶĐĞǁŝƚŚ^dDϮϰϴϳ͘dŚĞƉƉĞŶĚŝdžŝŶĐůƵĚĞƐĂĐŚĂƌƚĞdžƉůĂŝŶŝŶŐƚŚĞĐůĂƐƐŝĨŝĐĂƚŝŽŶƐLJƐƚĞŵǁĞƵƐĞĚ͘ ͘ϯ͘ď͘>ĂďŽƌĂƚŽƌLJdĞƐƚŝŶŐ 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ŶLJĂŶĚĂůůƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞƐĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐǁŝůůƌĞŵĂŝŶŝŶĨŽƌĐĞƵŶůĞƐƐƚŚĞLJĂƌĞƐƉĞĐŝĨŝĐĂůůLJĂŶĚĚĞůŝďĞƌĂƚĞůLJ $ ĐĂŶĐĞůĞĚŽƌŵŽĚŝĨŝĞĚďLJƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ dŽƚŚĞĞdžƚĞŶƚŽĨĂŶLJŝŶĐŽŶƐŝƐƚĞŶĐŝĞƐďĞƚǁĞĞŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐĂŶĚƚŚĞƐĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐ͕ƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ % ǁŝůůĐŽŶƚƌŽů͘DŝŶŶĞƐŽƚĂ>ĂǁƐƵƉĞƌƐĞĚĞƐĂŶLJŽĨƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽƌ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐƐĞƚĨŽƌƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͘ d ZD^K&WzD Ed $57,&/( ^ƵďũĞĐƚƚŽƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ĂůůƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚĂŶĚĚĞůŝǀĞƌĂďůĞƐƐĂƚŝƐĨĂĐƚŽƌŝůLJƐƵƉƉůŝĞĚďLJ $ E'/E ZƉƵƌƐƵĂŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞƉĂŝĚďLJ/dz͘ŽŵƉĞŶƐĂƚŝŽŶǁŝůůďĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ Zd/> ϯ͕͞ŽŶƐŝĚĞƌĂƚŝŽŶŽĨWĂLJŵĞŶƚ͘͟ /ĨŝƚĂƉƉĞĂƌƐĂƚĂŶLJƚŝŵĞƚŚĂƚ E'/E ZǁŝůůĞdžĐĞĞĚƚŚĞdŽƚĂůŽŶƚƌĂĐƚŵŽƵŶƚƐƚĂƚĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐ % ŽŶƚƌĂĐƚ͕ E'/E ZŵƵƐƚŶŽƚŝĨLJ/dz͛ƐƵƚŚŽƌŝnjĞĚŐĞŶƚŝŶǁƌŝƚŝŶŐŝŶĂƚŝŵĞůLJŵĂŶŶĞƌ͘ E'/E ZŵĂLJŶŽƚďĞ ĐŽŵƉĞŶƐĂƚĞĚĨŽƌǁŽƌŬƉĞƌĨŽƌŵĞĚŝŶĞdžĐĞƐƐŽĨƚŚĞdŽƚĂůŽŶƚƌĂĐƚŵŽƵŶƚǁŝƚŚŽƵƚĂǁƌŝƚƚĞŶ͕ĂŶĚĨƵůůLJĞdžĞĐƵƚĞĚ͕ ĂŵĞŶĚŵĞŶƚƚŽƚŚĞŽŶƚƌĂĐƚ͘ŶLJǁŽƌŬƉĞƌĨŽƌŵĞĚďĞLJŽŶĚƚŚĂƚŝĚĞŶƚŝĨŝĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚǁŝƚŚŽƵƚĂƉƌŝŽƌǁƌŝƚƚĞŶ ĂŵĞŶĚŵĞŶƚƐŝŐŶĞĚďLJ/dzŵĂLJďĞĚĞĞŵĞĚǀŽůƵŶƚĂƌLJĂŶĚ E'/E ZŵĂLJŶŽƚďĞĞŶƚŝƚůĞĚƚŽĐŽŵƉĞŶƐĂƚŝŽŶĨŽƌƚŚĞĞdžƚƌĂ ǁŽƌŬ͘ /Ĩ E'/E ZĐůĂŝŵƐĂŶLJŝŶƐƚƌƵĐƚŝŽŶƐ͕ůĂƚĞŶƚĐŽŶĚŝƚŝŽŶƐ͕ŽƌŽƚŚĞƌĐŽŶĚŝƚŝŽŶƐĞdžŝƐƚƚŚĂƚƌĞƋƵŝƌĞĞdžƚƌĂĐŽƐƚƵŶĚĞƌƚŚŝƐ & ŽŶƚƌĂĐƚ͕ E'/E ZŵƵƐƚŵĂŬĞĐůĂŝŵĨŽƌĂŶLJĞdžƚƌĂĐŽƐƚŝŶĐƵƌƌĞĚŝŶǁƌŝƚŝŶŐǁŝƚŚŝŶϮϬĂůĞŶĚĂƌĚĂLJƐĂĨƚĞƌƐƵĐŚŝŶƐƚƌƵĐƚŝŽŶ ŽƌŽďƐĞƌǀĂŶĐĞŽĨĐŽŶĚŝƚŝŽŶƐ͘>ĂƚĞŶƚĐŽŶĚŝƚŝŽŶƐĂƌĞĐŽŶĚŝƚŝŽŶƐŶŽƚĂŶƚŝĐŝƉĂƚĞĚďLJƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ ŶLJĐůĂŝŵŵĂĚĞĂĨƚĞƌƚŚŝƐƚŝŵĞŵĂLJďĞƌĞĨƵƐĞĚĂŶĚŶŽĐůĂŝŵǁŝůůďĞǀĂůŝĚƵŶůĞƐƐƐŽŵĂĚĞ͘ŶLJǁŽƌŬƉĞƌĨŽƌŵĞĚƵŶĚĞƌĂŶ ĂŵĞŶĚŵĞŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚƚŚĂƚŚĂƐŶŽƚďĞĞŶƉƌŽƉĞƌůLJĂƉƉƌŽǀĞĚĂŶĚĞdžĞĐƵƚĞĚďLJƚŚĞƉĂƌƚŝĞƐǁŝůůďĞƉĞƌĨŽƌŵĞĚĂƚ E'/E ZΖƐŽǁŶƌŝƐŬ͘ ZĞŝŵďƵƌƐĞŵĞŶƚĨŽƌƚƌĂǀĞůĂŶĚƐƵďƐŝƐƚĞŶĐĞĞdžƉĞŶƐĞƐĂĐƚƵĂůůLJĂŶĚŶĞĐĞƐƐĂƌŝůLJŝŶĐƵƌƌĞĚďLJ E'/E ZĂƐĂƌĞƐƵůƚŽĨ ' ƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚŶŽƚĞdžĐĞĞĚƚŚĞĂŵŽƵŶƚĚĞĨŝŶĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͘ E'/E ZŵĂLJďĞ ƌĞŝŵďƵƌƐĞĚĨŽƌƚƌĂǀĞůĂŶĚƐƵďƐŝƐƚĞŶĐĞĞdžƉĞŶƐĞƐŝŶƚŚĞƐĂŵĞŵĂŶŶĞƌĂŶĚŝŶŶŽŐƌĞĂƚĞƌĂŵŽƵŶƚƚŚĂŶƉƌŽǀŝĚĞĚŝŶƚŚĞ ĐƵƌƌĞŶƚΗDŶͬKddƌĂǀĞůZĞŐƵůĂƚŝŽŶƐΗ͕ĂŶĚŝĚĞŶƚŝĨŝĞĚŝŶ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ƌƚŝĐůĞϯ͘ WZK hZ &KZWzD Ed $57,&/( WĂLJŵĞŶƚƐǁŝůůďĞŵĂĚĞďLJ/dzǁŝƚŚŝŶϯϬĚĂLJƐŽĨ E'/E Z͛ƐƉƌĞƐĞŶƚĂƚŝŽŶŽĨƉƌŽƉĞƌůLJƉƌĞƉĂƌĞĚŝŶǀŽŝĐĞƐĂŶĚƉƌŽŐƌĞƐƐ $ ƌĞƉŽƌƚƐĨŽƌƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚ͘/dzƐŚĂůůŶŽƚŝĨLJ E'/E ZŝŶǁƌŝƚŝŶŐǁŝƚŚŝŶϯϬĚĂLJƐŽĨ E'/E Z͛ƐƉƌĞƐĞŶƚĂƚŝŽŶŽĨŝŶǀŽŝĐĞƐŝĨƚŚĞLJďĞůŝĞǀĞƚŚĞƉƌŽŐƌĞƐƐƌĞƉŽƌƚƐǁĞƌĞŶŽƚƉƌŽƉĞƌůLJƉƌĞƉĂƌĞĚŽƌƚŚĞƐĞƌǀŝĐĞƐǁĞƌĞ ŶŽƚƉƌŽƉĞƌůLJƉĞƌĨŽƌŵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞŽŶƚƌĂĐƚ͘ /ŶǀŽŝĐĞƐĨŽƌƉĂLJŵĞŶƚŵƵƐƚďĞƐƵďŵŝƚƚĞĚďLJ E'/E ZŵŽŶƚŚůLJƚŽƚŚĞ/dzΖƐƵƚŚŽƌŝnjĞĚŐĞŶƚŝŶƚŚĞĨŽƌŵƉƌĞƐĐƌŝďĞĚďLJ % /dz͘/ŶǀŽŝĐĞƐƐŚŽƵůĚŝĚĞŶƚŝĨLJƚŚĞƉƌŽũĞĐƚĂŶĚƚŚĞĐŽƐƚĨŽƌƚŚĞƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚĂŶĚĚĞůŝǀĞƌĞĚĨŽƌƚŚĞďŝůůŝŶŐƉĞƌŝŽĚĂŶĚ ŵƵƐƚƐĂƚŝƐĨLJƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐůŝƐƚĞĚďĞůŽǁ͗ ϭ͘ ĂĐŚŝŶǀŽŝĐĞŵƵƐƚĐŽŶƚĂŝŶƚŚĞĨŽůůŽǁŝŶŐŝŶĨŽƌŵĂƚŝŽŶ͗/dzĐŽŶƚƌĂĐƚŝŶǀŽŝĐĞŶƵŵďĞƌ;ƐĞƋƵĞŶƚŝĂůůLJŶƵŵďĞƌĞĚͿ͕ďŝůůŝŶŐ ĂĚĚƌĞƐƐŝĨĚŝĨĨĞƌĞŶƚĨƌŽŵďƵƐŝŶĞƐƐĂĚĚƌĞƐƐ͕ĂŶĚ E'/E ZΖƐŽƌŝŐŝŶĂůƐŝŐŶĂƚƵƌĞĂƚƚĞƐƚŝŶŐƚŚĂƚƚŚĞŝŶǀŽŝĐĞĚƐĞƌǀŝĐĞƐĂŶĚ ĐŽƐƚƐĂƌĞŶĞǁĂŶĚƚŚĂƚŶŽƉƌĞǀŝŽƵƐĐŚĂƌŐĞĨŽƌƚŚŽƐĞƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐŚĂƐďĞĞŶŝŶĐůƵĚĞĚŝŶĂŶLJƉƌŝŽƌŝŶǀŽŝĐĞ͘ Ϯ͘dŚĞŽƌŝŐŝŶĂůŽĨĞĂĐŚŝŶǀŽŝĐĞĂŶĚƉƌŽŐƌĞƐƐƌĞƉŽƌƚŵƵƐƚďĞƐĞŶƚƚŽƚŚĞ/dzΖƐƵƚŚŽƌŝnjĞĚŐĞŶƚĨŽƌƌĞǀŝĞǁĂŶĚƉĂLJŵĞŶƚ͘ ϯ͘ŝƌĞĐƚŶŽŶͲƐĂůĂƌLJĐŽƐƚƐĂůůŽĐĂďůĞƚŽƚŚĞǁŽƌŬƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ĂŶĚĚĞĨŝŶĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐ ŽŶƚƌĂĐƚ͕ŵƵƐƚďĞŝƚĞŵŝnjĞĚĂŶĚƐƵƉƉŽƌƚĞĚǁŝƚŚŝŶǀŽŝĐĞƐŽƌďŝůůŝŶŐĚŽĐƵŵĞŶƚƐƚŽƐŚŽǁƚŚĂƚƐƵĐŚĐŽƐƚƐĂƌĞƉƌŽƉĞƌůLJ ĂůůŽĐĂďůĞƚŽƚŚĞǁŽƌŬ͘ŝƌĞĐƚŶŽŶͲƐĂůĂƌLJĐŽƐƚƐĂƌĞĂŶLJĐŽƐƚƐƚŚĂƚĂƌĞŶŽƚƚŚĞƐĂůĂƌŝĞĚĐŽƐƚƐĚŝƌĞĐƚůLJƌĞůĂƚĞĚƚŽƚŚĞǁŽƌŬ ŽĨƚŚĞ E'/E Z͘^ƵƉƉŽƌƚŝŶŐĚŽĐƵŵĞŶƚĂƚŝŽŶŵƵƐƚďĞƉƌŽǀŝĚĞĚŝŶĂŵĂŶŶĞƌƚŚĂƚĐŽƌƌĞƐƉŽŶĚƐƚŽĞĂĐŚĚŝƌĞĐƚĐŽƐƚ͘ ϰ͘ E'/E ZŵƵƐƚƉƌŽǀŝĚĞ͕ƵƉŽŶƌĞƋƵĞƐƚŽĨƚŚĞ/dzΖƐƵƚŚŽƌŝnjĞĚŐĞŶƚ͕ƚŚĞĨŽůůŽǁŝŶŐƐƵƉƉŽƌƚŝŶŐĚŽĐƵŵĞŶƚĂƚŝŽŶ͗ ŝƌĞĐƚƐĂůĂƌLJĐŽƐƚƐŽĨĞŵƉůŽLJĞĞƐΖƚŝŵĞĚŝƌĞĐƚůLJĐŚĂƌŐĞĂďůĞĨŽƌƚŚĞƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘ D dŚŝƐŵƵƐƚŝŶĐůƵĚĞĂƉĂLJƌŽůůĐŽƐƚďƌĞĂŬĚŽǁŶŝĚĞŶƚŝĨLJŝŶŐƚŚĞŶĂŵĞŽĨƚŚĞĞŵƉůŽLJĞĞ͕ĐůĂƐƐŝĨŝĐĂƚŝŽŶ͕ĂĐƚƵĂůƌĂƚĞŽĨƉĂLJ͕ ŚŽƵƌƐǁŽƌŬĞĚ͕ĂŶĚƚŽƚĂůƉĂLJŵĞŶƚĨŽƌĞĂĐŚŝŶǀŽŝĐĞƉĞƌŝŽĚ͖ĂŶĚ ^ŝŐŶĞĚƚŝŵĞƐŚĞĞƚƐŽƌƉĂLJƌŽůůĐŽƐƚďƌĞĂŬĚŽǁŶĨŽƌĞĂĐŚĞŵƉůŽLJĞĞůŝƐƚŝŶŐĚĂƚĞƐĂŶĚŚŽƵƌƐǁŽƌŬĞĚ͘ŽŵƉƵƚĞƌ E ŐĞŶĞƌĂƚĞĚƉƌŝŶƚŽƵƚƐŽĨůĂďŽƌĐŽƐƚƐĨŽƌƚŚĞƉƌŽũĞĐƚŵƵƐƚĐŽŶƚĂŝŶƚŚĞƉƌŽũĞĐƚŶƵŵďĞƌ͕ĞĂĐŚĞŵƉůŽLJĞĞΖƐŶĂŵĞ͕ŚŽƵƌůLJ ƌĂƚĞ͕ƌĞŐƵůĂƌĂŶĚŽǀĞƌƚŝŵĞŚŽƵƌƐ͕ĂŶĚƚŚĞĚŽůůĂƌĂŵŽƵŶƚĐŚĂƌŐĞĚƚŽƚŚĞƉƌŽũĞĐƚĨŽƌĞĂĐŚƉĂLJƉĞƌŝŽĚ͘ ϱ͘ E'/E ZŵƵƐƚƉƌŽǀŝĚĞĂĐŽƉLJŽĨƚŚĞŝŶǀŽŝĐĞƚŚĞLJĨŽƌǁĂƌĚĞĚƚŽƚŚĞĐŝƚLJƚŽƚŚĞĚĞǀĞůŽƉĞƌĨŽƌŝŶĨŽƌŵĂƚŝŽŶĂůƉƵƌƉŽƐĞƐ͘ dŚŝƐĚŽĐƵŵĞŶƚƐŚŽƵůĚďĞĐůĞĂƌĞĚƐƚĂƚĞĚƚŚĂƚŝƚ͛ƐĨŽƌŝŶĨŽƌŵĂƚŝŽŶĂůƉƵƌƉŽƐĞƐŽŶůLJ͘ /Ĩ E'/E ZŝƐĂƵƚŚŽƌŝnjĞĚďLJ/dzƚŽƵƐĞŽƌƵƐĞƐĂŶLJƐƵďĐŽŶƐƵůƚĂŶƚƐ͕ E'/E ZŵƵƐƚŝŶĐůƵĚĞĂůůƚŚĞĂďŽǀĞƐƵƉƉŽƌƚŝŶŐ & ĚŽĐƵŵĞŶƚĂƚŝŽŶŝŶĂŶLJƐƵďĐŽŶƐƵůƚĂŶƚ͛ƐŽŶƚƌĂĐƚ͕ĂŶĚ E'/E ZŵƵƐƚĐŽŵƉůLJǁŝƚŚDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐ^ĞĐƚŝŽŶϭϲ͘ϭϮϰϱ͕ ƌĞƋƵŝƌŝŶŐƚŝŵĞůLJƉĂLJŵĞŶƚďLJ E'/E ZŽĨƐƵďĐŽŶƐƵůƚĂŶƚ͛Ɛ͕ƉĞŶĂůƚŝĞƐĨŽƌůĂƚĞƉĂLJŵĞŶƚƐ͕ĂŶĚĚĞĨŝŶŝŶŐĐŽƐƚƐƚŚĞƐƵď ĐŽŶƐƵůƚĂŶƚŵƵƐƚďĞĂǁĂƌĚĞĚŝĨƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚƉƌĞǀĂŝůƐŝŶĂůĂǁƐƵŝƚ͘ E'/E ZŵƵƐƚƌĞƋƵŝƌĞƐƵďĐŽŶƐƵůƚĂŶƚ͛ƐŝŶǀŽŝĐĞƐƚŽĨŽůůŽǁƚŚĞƐĂŵĞĨŽƌŵĂŶĚĐŽŶƚĂŝŶƚŚĞƐĂŵĞŝŶĨŽƌŵĂƚŝŽŶĂƐƐĞƚ ' ĨŽƌƚŚĂďŽǀĞ͘ KE/d/KE^K&WzD Ed $57,&/( &ŽƌĂůůƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐƉƌŽǀŝĚĞĚďLJ E'/E ZƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ƚŚĞ ŶŐŝŶĞĞƌƐŚĂůůŵĂŝŶƚĂŝŶŝƚƐĞƚŚŝĐĂůĂŶĚ $ ůĞŐĂůĚƵƚLJŽĨĂƉƌŽĨĞƐƐŝŽŶĂůƚŽĞdžĞƌĐŝƐĞƚŚĞůĞǀĞůŽĨĐĂƌĞ͕ĚŝůŝŐĞŶĐĞ͕ĂŶĚƐŬŝůůƉƌĞƐĐƌŝďĞĚŝŶƚŚĞĐŽĚĞŽĨƉƌĂĐƚŝĐĞŽĨŚŝƐŽƌŚĞƌ ƉƌŽĨĞƐƐŝŽŶ͕ŽƌĂƐŽƚŚĞƌƉƌŽĨĞƐƐŝŽŶĂůƐŝŶƚŚĞƐĂŵĞĚŝƐĐŝƉůŝŶĞǁŽƵůĚŝŶƚŚĞƐĂŵĞŽƌƐŝŵŝůĂƌĐŝƌĐƵŵƐƚĂŶĐĞƐ͘dŚĞ E'/E Z ƐŚĂůůĐŽŵƉůLJǁŝƚŚƚŚĞĨŽůůŽǁŝŶŐ͗ ϭ͘ůůĐƵƌƌĞŶƚĂƉƉůŝĐĂďůĞĨĞĚĞƌĂů͕ƐƚĂƚĞ͕ĂŶĚůŽĐĂůůĂǁƐ͕ŽƌĚŝŶĂŶĐĞƐ͕ƌƵůĞƐ͕ĂŶĚƌĞŐƵůĂƚŝŽŶƐ͘ Ϯ͘ůůĐƵƌƌĞŶƚƐƚĂƚĞƐƚĂŶĚĂƌĚƐ͕ƉŽůŝĐŝĞƐ͕ĂŶĚƉƌĂĐƚŝĐĞƐƌĞƋƵŝƌĞĚďLJĂƉƉůŝĐĂďůĞůĂǁƚŽƉĞƌĨŽƌŵ E'/E Z͛ƐƐĞƌǀŝĐĞƐ͘ E'/E ZǁŝůůŶŽƚƌĞĐĞŝǀĞƉĂLJŵĞŶƚĨŽƌǁŽƌŬƉĞƌĨŽƌŵĞĚŝŶǀŝŽůĂƚŝŽŶŽĨĨĞĚĞƌĂů͕ƐƚĂƚĞ͕ŽƌůŽĐĂůůĂǁƐ͕ŽƌĚŝŶĂŶĐĞƐ͕ƌƵůĞƐ͕Žƌ % ƌĞŐƵůĂƚŝŽŶƐ͘ ůůĚĞůŝǀĞƌĂďůĞƐĐŽǀĞƌĞĚďLJƉƌŽŐƌĞƐƐƉĂLJŵĞŶƚƐŵĂĚĞďLJ/dzǁŝůůďĞĐŽŵĞƚŚĞƐŽůĞƉƌŽƉĞƌƚLJŽĨ/dz͘dŚŝƐƉƌŽǀŝƐŝŽŶŵƵƐƚ & ŶŽƚďĞĐŽŶƐƚƌƵĞĚĂƐƌĞůŝĞǀŝŶŐ E'/E ZĨƌŽŵƐŽůĞƌĞƐƉŽŶƐŝďŝůŝƚLJĨŽƌƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐƵƉŽŶǁŚŝĐŚƉĂLJŵĞŶƚƐŚĂǀĞ ďĞĞŶŵĂĚĞŽƌƚŚĞƌĞƐƚŽƌĂƚŝŽŶŽĨĂŶLJĚĂŵĂŐĞĚǁŽƌŬŽƌĂƐǁĂŝǀŝŶŐƚŚĞƌŝŐŚƚŽĨ/dzƚŽƌĞƋƵŝƌĞƚŚĞĨƵůĨŝůůŵĞŶƚŽĨĂůůŽĨƚŚĞ ƚĞƌŵƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘/ĨƚŚĞ/dzƵƐĞƐƚŚĞ E'/E Z͛ƐĚĞůŝǀĞƌĂďůĞƐŝŶĂŵĂŶŶĞƌďĞLJŽŶĚƚŚĞƐĐŽƉĞŽĨƚŚŝƐĐŽŶƚƌĂĐƚ͕ŝƚ ƐŚĂůůŝŶĚĞŵŶŝĨLJ E'/E ZĨŽƌĐůĂŝŵƐƌĞƐƵůƚŝŶŐĨƌŽŵƚŚŝƐƌĞƵƐĞ͘dŚĞ/dzŐƌĂŶƚƐ E'/E ZĂŶŽŶͲĞdžĐůƵƐŝǀĞůŝĐĞŶƐĞ͕ƚŽƚŚĞ ĞdžƚĞŶƚŽĨƚŚĞ/dz͛ƐƌŝŐŚƚƐŝŶƐƵĐŚĚĂƚĂ͕ƚŽƵƐĞƚŚĞ E'/E ZĂƚĂĨŽƌŽƚŚĞƌƉƵƌƉŽƐĞƐ͘ EŽƚŚŝŶŐŝŶƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚďĞĐŽŶƐƚƌƵĞĚŝŶĂŶLJǁĂLJƚŽƌĞůŝĞǀĞ E'/E ZĨƌŽŵŝƚƐŽďůŝŐĂƚŝŽŶƚŽĐŽŵƉůĞƚĞƚŚĞƐĞƌǀŝĐĞƐ ' ĂŶĚͬŽƌĚĞůŝǀĞƌĂďůĞƐĚĞƐĐƌŝďĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚĨŽƌĂƐƵŵŶŽƚƚŽĞdžĐĞĞĚƚŚĂƚŝƐƐĞƚĨŽƌƚŚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͘ E'/E ZŝƐŶŽƚĂƵƚŚŽƌŝnjĞĚƚŽĚŝƌĞĐƚƚŚĞǁŽƌŬŽĨŽŶƚƌĂĐƚŽƌ͕ƵŶůĞƐƐŝƚLJŝƐŐŝǀĞŶƐƵĐŚĂƵƚŚŽƌŝƚLJ͕ŝŶǁƌŝƚŝŶŐ͕ďLJKǁŶĞƌ͘ ( E'/E ZĐŽŵŵƵŶŝĐĂƚŝŽŶƐŚĂůůďĞĚŝƌĞĐƚůLJǁŝƚŚKǁŶĞƌ͛ƐƌĞƉƌĞƐĞŶƚĂƚŝǀĞ;ŽŶƐƚƌƵĐƚŝŽŶĨŽƌĞŵĞŶŽƌƐƵƉĞƌŝŶƚĞŶĚĞŶƚŽƌ ŽƚŚĞƌŵĞŵďĞƌŝĚĞŶƚŝĨŝĞĚĂƐWƌŽũĞĐƚDĂŶĂŐĞƌͿ͕ĂŶĚƚŽŝƚLJ ŶŐŝŶĞĞƌŽƌŚŝƐĚĞƐŝŐŶĞĞ͘ ^^/'ED Ed $57,&/(ŝƐ ŽŶƚƌĂĐƚ͘ ĐŽƉLJŽĨĂŶLJĂŶĚĂůůƐƵďĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚƐŵƵƐƚďĞƐĞŶƚƚŽƚŚĞ/dz͛ƐƵƚŚŽƌŝnjĞĚŐĞŶƚĂĨƚĞƌĞdžĞĐƵƚŝŽŶŽĨƚŚĞƐƵď % ĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚĂŶĚƉƌŝŽƌƚŽǁŽƌŬƐƚĂƌƚŝŶŐƵŶĚĞƌƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚ͘ D ED Ed^͕,E' KZ Z^͕D Z' Z͕KhEd ZWZd^͕Et/s Z $57,&/( ŵĞŶĚŵĞŶƚƐƚŽƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞĐŽŶƐŝĚĞƌĞĚŽŶůLJĨŽƌƵŶĨŽƌĞƐĞĞŶǁŽƌŬŽƌƐĞƌǀŝĐĞƐƚŚĂƚǁĞƌĞĞdžĐůƵĚĞĚŝŶƚŚĞ^ĐŽƉĞŽĨ $ tŽƌŬ͕ĞŶƚŝƚůĞĚ͞ĞƚĂŝůĞĚ^ĐŽƉĞŽĨtŽƌŬ͕͟ĂŶĚƚŚĂƚĂƌĞĐŽŶƐŝĚĞƌĞĚĞƐƐĞŶƚŝĂůƚŽƚŚĞǁŽƌŬ͘ŶLJǁƌŝƚƚĞŶĐůĂŝŵŵĂĚĞďLJ E'/E ZĨŽƌĞdžƚƌĂǁŽƌŬŽƌĐŽƐƚƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚƚŚĂƚŚĂƐďĞĞŶĂƉƉƌŽǀĞĚďLJƚŚĞ/dzΖƐƵƚŚŽƌŝnjĞĚŐĞŶƚŵƵƐƚďĞ ĞǀŝĚĞŶĐĞĚďLJĂŶĂŵĞŶĚŵĞŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚ͘ŵĞŶĚŵĞŶƚƐŵƵƐƚďĞŝŶǁƌŝƚŝŶŐĂŶĚĞdžĞĐƵƚĞĚĂŶĚĂƉƉƌŽǀĞĚďLJƚŚĞƐĂŵĞ ƉĂƌƚŝĞƐĂŶĚŽĨĨŝĐŝĂůƐǁŚŽĞdžĞĐƵƚĞĚĂŶĚĂƉƉƌŽǀĞĚƚŚĞŽƌŝŐŝŶĂůŽŶƚƌĂĐƚ͕ŽƌƚŚĞŝƌƐƵĐĐĞƐƐŽƌƐŝŶŽĨĨŝĐĞ͘ E'/E ZŵƵƐƚŶŽƚŝĨLJ /dz͛ƐWƌŽũĞĐƚDĂŶĂŐĞƌŝŶǁƌŝƚŝŶŐŝĨ E'/E ZǁŝůůďĞĚĞůĂLJĞĚŝŶĂŶLJǁĂLJĨƌŽŵĐŽŵƉůĞƚŝŶŐƚŚĞƉƌŽũĞĐƚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘ dŚĞǁŽƌŬƚŽďĞĚŽŶĞŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚŵĂLJďĞĐŚĂŶŐĞĚĂƚƚŚĞƌĞƋƵĞƐƚŽĨ/dz͕ǁŝƚŚƚŚĞŵƵƚƵĂůĐŽŶĐƵƌƌĞŶĐĞ % ŽĨ E'/E Z͘ŶLJĐŚĂŶŐĞǁŝůůďĞĐůĞĂƌůLJĂŶĚĨƵůůLJĚĞĨŝŶĞĚŝŶǁƌŝƚŝŶŐ͕ĂŶĚĂƉƉƌŽǀĞĚďLJďŽƚŚƉĂƌƚŝĞƐ͘ŚĂŶŐĞŽƌĚĞƌƐŵƵƐƚ ďĞĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞďĂƐŝĐƉƵƌƉŽƐĞŽĨƚŚŝƐŽŶƚƌĂĐƚĂŶĚǁŝƚŚŝŶƚŚĞŐĞŶĞƌĂů^ĐŽƉĞŽĨ^ĞƌǀŝĐĞƐŝĚĞŶƚŝĨŝĞĚŝŶƚŚĞ^ƉĞĐŝĂů ŽŶĚŝƚŝŽŶƐ͘ dŚŝƐŽŶƚƌĂĐƚĐŽŶƐƚŝƚƵƚĞƐƚŚĞĞŶƚŝƌĞĂŐƌĞĞŵĞŶƚďĞƚǁĞĞŶƚŚĞƉĂƌƚŝĞƐ͘EŽǁĂŝǀĞƌ͕ĐŽŶƐĞŶƚ͕ŵŽĚŝĨŝĐĂƚŝŽŶŽƌĐŚĂŶŐĞŽĨƚĞƌŵƐ & ŽĨƚŚŝƐŽŶƚƌĂĐƚƐŚĂůůďŝŶĚĞŝƚŚĞƌƉĂƌƚLJƵŶůĞƐƐŝŶǁƌŝƚŝŶŐĂŶĚƐŝŐŶĞĚďLJďŽƚŚƉĂƌƚŝĞƐ͘^ƵĐŚǁĂŝǀĞƌ͕ĐŽŶƐĞŶƚ͕ŵŽĚŝĨŝĐĂƚŝŽŶŽƌ ĐŚĂŶŐĞ͕ŝĨŵĂĚĞ͕ƐŚĂůůďĞĞĨĨĞĐƚŝǀĞŽŶůLJŝŶƚŚĞƐƉĞĐŝĨŝĐŝŶƐƚĂŶĐĞĂŶĚĨŽƌƚŚĞƐƉĞĐŝĨŝĐƉƵƌƉŽƐĞŐŝǀĞŶ͘dŚĞƌĞĂƌĞŶŽ ƵŶĚĞƌƐƚĂŶĚŝŶŐƐ͕ĂŐƌĞĞŵĞŶƚƐŽƌƌĞƉƌĞƐĞŶƚĂƚŝŽŶƐ͕ŽƌĂůŽƌǁƌŝƚƚĞŶ͕ŶŽƚƐƉĞĐŝĨŝĞĚŚĞƌĞŝŶƌĞŐĂƌĚŝŶŐƚŚŝƐŽŶƚƌĂĐƚ͘ E'/E Z͕ ďLJƚŚĞƐŝŐŶĂƚƵƌĞďĞůŽǁŽĨŝƚƐĂƵƚŚŽƌŝnjĞĚƌĞƉƌĞƐĞŶƚĂƚŝǀĞ͕ŚĞƌĞďLJĂĐŬŶŽǁůĞĚŐĞƐƚŚĂƚƚŚĞ E'/E ZŚĂƐƌĞĂĚƚŚŝƐŽŶƚƌĂĐƚ͕ ƵŶĚĞƌƐƚĂŶĚƐŝƚĂŶĚĂŐƌĞĞƐƚŽďĞďŽƵŶĚďLJŝƚƐƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐ͘ dŚŝƐŽŶƚƌĂĐƚŵĂLJďĞĞdžĞĐƵƚĞĚŝŶŽŶĞŽƌŵŽƌĞĐŽƵŶƚĞƌƉĂƌƚƐ͕ĞĂĐŚŽĨǁŚŝĐŚƐŚĂůůďĞĚĞĞŵĞĚƚŽďĞĂŶŽƌŝŐŝŶĂů͕ďƵƚĂůůŽĨ ' ǁŚŝĐŚƚŽŐĞƚŚĞƌƐŚĂůůĐŽŶƐƚŝƚƵƚĞƚŚĞƐĂŵĞŽŶƚƌĂĐƚ͘ KDW>/E t/d,>/ E^ ^͕W ZD/d^͕EKd, ZZ 'h>d/KE^ $57,&/( E'/E ZƐŚĂůůƉƌŽĐƵƌĞĂůůůŝĐĞŶƐĞƐ͕ĐĞƌƚŝĨŝĐĂƚŝŽŶƐ͕ĞĚƵĐĂƚŝŽŶ͕ƉĞƌŵŝƚƐ͕ŽƌŽƚŚĞƌƌŝŐŚƚƐŶĞĐĞƐƐĂƌLJƚŽĨƵůĨŝůůŝƚƐŽďůŝŐĂƚŝŽŶƐ $ ƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚĂůůĂƉƉůŝĐĂďůĞĨĞĚĞƌĂůĂŶĚƐƚĂƚĞůĂǁƐ͘ dWZd/ ^E/Ed >> dh>WZKW Zdz $57,&/( dŚĞDŝŶŶĞƐŽƚĂ'ŽǀĞƌŶŵĞŶƚĂƚĂWƌĂĐƚŝĐĞƐĐƚ͕DŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐŚĂƉƚĞƌϭϯ͕ĂƉƉůŝĞƐƚŽĂůůĚĂƚĂĐƌĞĂƚĞĚ͕ŐĂƚŚĞƌĞĚ͕ $ ŐĞŶĞƌĂƚĞĚ͕ŽƌĂĐƋƵŝƌĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚ͘ ŶLJƌĞƉŽƌƚƐ͕ƐƚƵĚŝĞƐ͕ƉŚŽƚŽŐƌĂƉŚƐ͕ŶĞŐĂƚŝǀĞƐ͕ŽƌŽƚŚĞƌĚŽĐƵŵĞŶƚƐĐƌĞĂƚĞĚĂŶĚƉĂŝĚĨŽƌďLJ E'/E ZŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞ % ŽĨŝƚƐŽďůŝŐĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚĂƌĞŝŶƐƚƌƵŵĞŶƚƐŽĨƐĞƌǀŝĐĞŝŶƌĞƐƉĞĐƚƚŽ E'/E Z͛ƐƐĞƌǀŝĐĞƐĂŶĚĂƌĞƚŚĞĞdžĐůƵƐŝǀĞ ƉƌŽƉĞƌƚLJŽĨ/dz͘ E'/E ZŵƵƐƚƌĞŵŝƚĂůůƐƵĐŚŵĂƚĞƌŝĂůƐƚŽ/dzƵƉŽŶĐŽŵƉůĞƚŝŽŶŽƌĐĂŶĐĞůůĂƚŝŽŶŽĨƚŚŝƐŽŶƚƌĂĐƚ͘dŚĞ /dzǁŝůůŝŶĚĞŵŶŝĨLJ E'/E ZĨŽƌĐůĂŝŵƐƌĞƐƵůƚŝŶŐĨƌŽŵĂŶLJƌĞƵƐĞŽĨƐƵĐŚŵĂƚĞƌŝĂůƐďĞLJŽŶĚƚŚĞƐĐŽƉĞŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ dŚĞŝƚLJƐŚĂůůŐƌĂŶƚƚŚĞ E'/E ZĂŶŽŶͲĞdžĐůƵƐŝǀĞůŝĐĞŶƐĞ͕ƚŽƚŚĞĞdžƚĞŶƚŽĨƚŚĞ/dzΖƐƌŝŐŚƚƐŝŶƐƵĐŚĚĂƚĂ͕ƚŽƵƐĞƚŚĞ E'/E ZĂƚĂĨŽƌŽƚŚĞƌƉƵƌƉŽƐĞƐ͘ E'/E ZǁĂŝǀĞƐĂůůĐůĂŝŵƐĂŐĂŝŶƐƚƚŚĞ/dzƌĞƐƵůƚŝŶŐŝŶĂŶLJǁĂLJĨƌŽŵĂŶLJƌĞƵƐĞŽĨ ƚŚĞ E'/E Z͘ hŶůĞƐƐŽƚŚĞƌǁŝƐĞĚŝƌĞĐƚĞĚďLJ/dz͕ƚŚĞŽƌŝŐŝŶĂůƐŽĨƌĞƉŽƌƚƐ͕ƚĞƐƚƐ͕ĚƌĂǁŝŶŐƐĂŶĚƉůĂŶƐ͖ĂŶĚůĞŐŝďůLJƌĞƉƌŽĚƵĐŝďůĞĐŽƉŝĞƐŽĨ & ǁŽƌŬƐŚĞĞƚƐ͕ĨŝĞůĚŶŽƚĞƐ͕ĐŽŵƉƵƚĂƚŝŽŶƐ͕ƉŚŽƚŽƐ͕ƚĞƐƚƌĞƐƵůƚƐ͕ĂŶĚŽƚŚĞƌƉƌŽũĞĐƚĚĂƚĂŵƵƐƚďĞƌĞůŝŶƋƵŝƐŚĞĚƚŽ/dz͗ ϭ͘hƉŽŶǁƌŝƚƚĞŶŶŽƚŝĐĞŽĨĐŽŵƉůĞƚŝŽŶŽƌĐĂŶĐĞůůĂƚŝŽŶŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ Ϯ͘hƉŽŶǁƌŝƚƚĞŶŶŽƚŝĨŝĐĂƚŝŽŶďLJ/dz͘ ϯ͘WƌŝŽƌƚŽĨŝŶĂůƉĂLJŵĞŶƚďLJ/dzƚŽ E'/E ZĨŽƌƚŚŝƐŽŶƚƌĂĐƚ͘ ͘EŽƚǁŝƚŚƐƚĂŶĚŝŶŐƚŚĞĂďŽǀĞƉĂƌĂŐƌĂƉŚƐ͕ǁŽƌŬƉĂƉĞƌƐ͕ƉƌŽƉƌŝĞƚĂƌLJŝŶĨŽƌŵĂƚŝŽŶ͕ƉƌŽĐĞƐƐĞƐ͕ŵĞƚŚŽĚŽůŽŐŝĞƐ͕ŬŶŽǁͲŚŽǁĂŶĚ ƐŽĨƚǁĂƌĞ;͞ E'/E ZĂƚĂ͟ͿƉƌĞǀŝŽƵƐůLJďĞůŽŶŐŝŶŐŽƌůŝĐĞŶƐĞĚƚŽ E'/E ZĂŶĚƵƐĞĚƚŽƉĞƌĨŽƌŵ E'/E Z͛ƐƐĞƌǀŝĐĞƐƐŚĂůů ƌĞŵĂŝŶƚŚĞƉƌŽƉĞƌƚLJŽĨ E'/E Z͘ E'/E ZƐŚĂůůƌĞƚĂŝŶĂŶŽǁŶĞƌƐŚŝƉĂŶĚƉƌŽƉĞƌƚLJŝŶƚĞƌĞƐƚƚŚĞƌĞŝŶ;ŝŶĐůƵĚŝŶŐƚŚĞĐŽƉLJƌŝŐŚƚ ĂŶĚƚŚĞƌŝŐŚƚŽĨƌĞƵƐĞĂƚƚŚĞĚŝƐĐƌĞƚŝŽŶŽĨƚŚĞ E'/E ZͿ͕ǁŚĞƚŚĞƌŽƌŶŽƚƚŚĞWƌŽũĞĐƚŝƐĐŽŵƉůĞƚĞĚ͘dŽƚŚĞĞdžƚĞŶƚƚŚĞƐĞƌǀŝĐĞƐ ƉĞƌĨŽƌŵĞĚďLJ E'/E ZĐŽŶƚĂŝŶ E'/E ZĂƚĂ͕ E'/E ZŚĞƌĞďLJŐƌĂŶƚƐƚŽ/dzĂŶŽŶͲĞdžĐůƵƐŝǀĞ͕ŶŽŶͲĂƐƐŝŐŶĂďůĞ͕ƌŽLJĂůƚLJͲ ĨƌĞĞ͕ŝƌƌĞǀŽĐĂďůĞůŝĐĞŶƐĞƚŽƵƐĞƐƵĐŚ E'/E ZĂƚĂĨŽƌƚŚĞƉƵƌƉŽƐĞƐƐĞƚĨŽƌƚŚŚĞƌĞŝŶ͕ƐƵďũĞĐƚƚŽƚŚĞĨŽůůŽǁŝŶŐůŝŵŝƚĂƚŝŽŶƐ͗ ƐƵĐŚ E'/E ZĂƚĂĂƌĞŶŽƚŝŶƚĞŶĚĞĚŽƌƌĞƉƌĞƐĞŶƚĞĚƚŽďĞƐƵŝƚĂďůĞĨŽƌƵƐĞŽƌƌĞƵƐĞďLJ/dzŽŶĞdžƚĞŶƐŝŽŶŽĨƚŚĞWƌŽũĞĐƚŽƌ ŽŶĂŶLJŽƚŚĞƌƉƌŽũĞĐƚǁŝƚŚŽƵƚǁƌŝƚƚĞŶǀĞƌŝĨŝĐĂƚŝŽŶŽƌĂĚĂƉƚĂƚŝŽŶďLJ E'/E ZĂŶĚĂŶLJƐƵĐŚƌĞƵƐĞŽƌŵŽĚŝĨŝĐĂƚŝŽŶŽĨƚŚĞ E'/E ZĂƚĂǁŝƚŚŽƵƚƚŚĞǁƌŝƚƚĞŶǀĞƌŝĨŝĐĂƚŝŽŶŽƌĂĚĂƉƚĂƚŝŽŶďLJ E'/E ZƐŚĂůůďĞĚŽŶĞĂƚ/dz͛ƐƐŽůĞƌŝƐŬĂŶĚǁŝƚŚŽƵƚ ůŝĂďŝůŝƚLJƚŽ E'/E Z͘ >//>/dz $57,&/( 'ĞŶĞƌĂůͲ,ĂǀŝŶŐĐŽŶƐŝĚĞƌĞĚƚŚĞƉŽƚĞŶƚŝĂůůŝĂďŝůŝƚŝĞƐƚŚĂƚŵĂLJĞdžŝƐƚĚƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞ^ĞƌǀŝĐĞƐ͕ƚŚĞďĞŶĞĨŝƚƐ $ ŽĨƚŚĞƉƌŽũĞĐƚ͕ĂŶĚƚŚĞ E'/E Z͛ƐĨĞĞĨŽƌƚŚĞ^ĞƌǀŝĐĞƐ͕ĂŶĚŝŶĐŽŶƐŝĚĞƌĂƚŝŽŶŽĨƚŚĞƉƌŽŵŝƐĞƐĐŽŶƚĂŝŶĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ /dzĂŶĚ E'/E ZĂŐƌĞĞƚŽĂůůŽĐĂƚĞĂŶĚůŝŵŝƚƐƵĐŚůŝĂďŝůŝƚŝĞƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐƌƚŝĐůĞ͘ /ŶĚĞŵŶŝĨŝĐĂƚŝŽŶͲ E'/E ZĂŶĚ/dz;ƚŚĞ͞/ŶĚĞŵŶŝĨLJŝŶŐWĂƌƚLJ͟ͿƐŚĂůůďĞůŝĂďůĞĨŽƌŝƚƐŽǁŶŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐĂŶĚ % ŽŵŝƐƐŝŽŶƐƚŽƚŚĞĞdžƚĞŶƚƉƌŽǀŝĚĞĚďLJůĂǁĂŶĚƐƵďũĞĐƚƚŽƚŚĞ/dz͛ƐĐĂƉŽŶŵƵŶŝĐŝƉĂůƚŽƌƚůŝĂďŝůŝƚLJƵŶĚĞƌDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐ ^ĞĐƚŝŽŶϰϲϲ͘Ϭϰ͕ĂŶĚŚĞƌĞďLJĂŐƌĞĞƐƚŽĚĞĨĞŶĚ͕ŝŶĚĞŵŶŝĨLJ͕ĂŶĚŚŽůĚŚĂƌŵůĞƐƐƚŚĞŽƚŚĞƌ;͞ƚŚĞ/ŶĚĞŵŶŝĨŝĞĚWĂƌƚLJ͟Ϳ͕ĨƌŽŵ ĂŶLJůŝĂďŝůŝƚLJ͕ĚĂŵĂŐĞƐ͕ĂŶĚĐŽƐƚƐĂƌŝƐŝŶŐĨƌŽŵƚŚĞŶĞŐůŝŐĞŶƚĂĐƚƐŽĨ E'/E ZĂŶĚ/dzĂŶĚĂŶLJŽŶĞĨŽƌǁŚŽƐĞŶĞŐůŝŐĞŶƚ ĂĐƚƐƚŚĞLJŵĂLJďĞůŝĂďůĞĨŽƌŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽĨĞƐƐŝŽŶĂůƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚŝĐŚƚŚĞ/ŶĚĞŵŶŝĨŝĞĚ WĂƌƚLJ͕ŝƚƐŽĨĨŝĐĞƌƐĂŶĚĞŵƉůŽLJĞĞƐŵĂLJŚĞƌĞĂĨƚĞƌƐƵƐƚĂŝŶ͕ŝŶĐƵƌŽƌďĞƌĞƋƵŝƌĞĚƚŽƉĂLJƚŽƚŚĞĨƵůůĞĨĨĞĐƚƉƌŽǀŝĚĞĚďLJ DŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐŚĂƉƚĞƌϯϯϳ͕ƚŽƚŚĞĞdžƚĞŶƚƚŚĞ E'/E ZĂŶĚ/dzĂƌĞƌĞƐƉŽŶƐŝďůĞĨŽƌƐƵĐŚůŝĂďŝůŝƚLJ͕ĐŽƐƚƐ͕ĚĂŵĂŐĞƐ͕ ŝŶĐůƵĚŝŶŐƌĞĂƐŽŶĂďůĞĂƚƚŽƌŶĞLJƐ͛ĨĞĞƐ͘/ŶƚŚĞĞǀĞŶƚĐůĂŝŵƐ͕ůŽƐƐĞƐ͕ĚĂŵĂŐĞƐ͕ŽƌĞdžƉĞŶƐĞƐĂƌĞĐĂƵƐĞĚďLJƚŚĞũŽŝŶƚŽƌ ĐŽŶĐƵƌƌĞŶƚŶĞŐůŝŐĞŶĐĞŽĨ E'/E ZĂŶĚ/dz͕ƚŚĞLJƐŚĂůůďĞďŽƌŶĞďLJĞĂĐŚƉĂƌƚLJŝŶƉƌŽƉŽƌƚŝŽŶƚŽŝƚƐŽǁŶŶĞŐůŝŐĞŶĐĞ͘ ^ƵƌǀŝǀĂůͲhƉŽŶĐŽŵƉůĞƚŝŽŶŽĨĂůůƐĞƌǀŝĐĞƐ͕ŽďůŝŐĂƚŝŽŶƐ͕ĂŶĚĚƵƚŝĞƐƉƌŽǀŝĚĞĚĨŽƌŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ŽƌŝĨƚŚŝƐŽŶƚƌĂĐƚŝƐ & ƚĞƌŵŝŶĂƚĞĚĨŽƌĂŶLJƌĞĂƐŽŶ͕ƚŚĞƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐƌƚŝĐůĞƐŚĂůůƐƵƌǀŝǀĞ͘ tKZ< Z^ΖKDW E^d/KE $57,&/( ŶLJĂŶĚĂůůĞŵƉůŽLJĞĞƐŽĨ E'/E Z͕ŝŶĐůƵĚŝŶŐŝƚƐƐƵďĐŽŶƐƵůƚĂŶƚƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶƐǁŚŝůĞĞŶŐĂŐĞĚŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨ $ ĂŶLJǁŽƌŬŽƌƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚďLJ E'/E ZƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ǁŝůůŶŽƚďĞĐŽŶƐŝĚĞƌĞĚĞŵƉůŽLJĞĞƐŽĨ/dz͘ŶLJĂŶĚĂůů ĐůĂŝŵƐƚŚĂƚŵĂLJĂƌŝƐĞƵŶĚĞƌƚŚĞtŽƌŬĞƌƐΖŽŵƉĞŶƐĂƚŝŽŶĐƚŽĨDŝŶŶĞƐŽƚĂŽŶďĞŚĂůĨŽĨƐĂŝĚĞŵƉůŽLJĞĞƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶƐ ǁŚŝůĞƐŽĞŶŐĂŐĞĚ͕ĂŶĚĂŶLJĂŶĚĂůůĐůĂŝŵƐŵĂĚĞďLJĂŶLJƚŚŝƌĚƉĂƌƚLJĂƐĂĐŽŶƐĞƋƵĞŶĐĞŽĨĂŶLJĂĐƚŽƌŽŵŝƐƐŝŽŶŽŶƚŚĞƉĂƌƚŽĨ E'/E ZΖƐĞŵƉůŽLJĞĞƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶǁŚŝůĞƐŽĞŶŐĂŐĞĚŽŶĂŶLJŽĨƚŚĞǁŽƌŬŽƌƐĞƌǀŝĐĞƐƚŽďĞƌĞŶĚĞƌĞĚ͕ǁŝůůŝŶŶŽǁĂLJ ďĞƚŚĞŽďůŝŐĂƚŝŽŶŽƌƌĞƐƉŽŶƐŝďŝůŝƚLJŽĨ/dz͘WƵƌƐƵĂŶƚƚŽDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐϭϳϲ͘ϭϴϮ͕ĂĐĐĞƉƚĂďůĞĞǀŝĚĞŶĐĞŽĨĐŽŵƉůŝĂŶĐĞ ǁŝƚŚtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞƌĞƋƵŝƌĞŵĞŶƚƐŵƵƐƚďĞƉƌĞƐĞŶƚĞĚƚŽ/dzďĞĨŽƌĞ/dzŵĂLJĞŶƚĞƌŝŶƚŽĂ ĐŽŶƚƌĂĐƚǁŝƚŚ E'/E Z͘ KE^ $57,&/( dŚŝƐƌƚŝĐůĞŝƐŚĞƌĞďLJĚĞůĞƚĞĚ͘ /E^hZE $57,&/( ĐĞƌƚŝĨŝĐĂƚĞŽĨŝŶƐƵƌĂŶĐĞĨŽƌĞĂĐŚƚLJƉĞŽĨŝŶƐƵƌĂŶĐĞƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚďĞĨŝůĞĚǁŝƚŚƚŚĞ/dz͛ƐƵƚŚŽƌŝnjĞĚ $ ŐĞŶƚƉƌŝŽƌƚŽĞdžĞĐƵƚŝŽŶŽĨƚŚĞŽŶƚƌĂĐƚďLJŝƚLJ͘ ĂĐŚƉŽůŝĐLJŵƵƐƚĐŽŶƚĂŝŶĂƌĞƋƵŝƌĞŵĞŶƚƚŚĂƚƚŚĞŝŶƐƵƌĞƌƉƌŽǀŝĚĞƚŚĞ /dzĂϯϬͲĚĂLJŶŽƚŝĐĞŽĨĐĂŶĐĞůůĂƚŝŽŶ͘ E'/E ZŵƵƐƚŵĂŝŶƚĂŝŶĂŶĚĨƵƌŶŝƐŚƐĂƚŝƐĨĂĐƚŽƌLJĞǀŝĚĞŶĐĞŽĨƚŚĞĨŽůůŽǁŝŶŐŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐ͗ % ϭ͘ E'/E ZƐŚĂůůƉƌŽĐƵƌĞĂŶĚŵĂŝŶƚĂŝŶĨŽƌƚŚĞƚĞƌŵŽĨƚŚĞŽŶƚƌĂĐƚ͕ŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞĂƐŝƐƌĞĂƐŽŶĂďůĞĂŶĚŶĞĐĞƐƐĂƌLJ ĨŽƌƉĞƌĨŽƌŵĞĚƐĞƌǀŝĐĞƐďLJ E'/E ZĂŶĚŝƚƐĞŵƉůŽLJĞĞƐ͘ Ϯ͘dŚĞ E'/E ZƐŚĂůůďĞƌĞƐƉŽŶƐŝďůĞĨŽƌŽďƚĂŝŶŝŶŐƐĞƉĂƌĂƚĞĐĞƌƚŝĨŝĐĂƚĞƐĂŶĚĞŶĚŽƌƐĞŵĞŶƚƐĨŽƌĞĂĐŚƐƵďĐŽŶƐƵůƚĂŶƚ͘ E'/E ZƐŚĂůůĚĞƚĞƌŵŝŶĞƚŚĞĂƉƉƌŽƉƌŝĂƚĞůĞǀĞůŽĨŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞĂŶĚůŝŵŝƚƐĨƌŽŵŝƚƐƐƵďĐŽŶƐƵůƚĂŶƚƐ͘ ϯ͘tŽƌŬĞƌƐΖŽŵƉĞŶƐĂƚŝŽŶ/ŶƐƵƌĂŶĐĞ͗ E'/E ZǁŝůůƉƌŽǀŝĚĞtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞĨŽƌĂůů E'/E Z ĞŵƉůŽLJĞĞƐĂŶĚ͕ŝŶĐĂƐĞĂŶLJǁŽƌŬŝƐƐƵďĐŽŶƚƌĂĐƚĞĚ͕ E'/E ZǁŝůůƌĞƋƵŝƌĞƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚƚŽƉƌŽǀŝĚĞtŽƌŬĞƌƐ͛ ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞƐƚĂƚƵƚŽƌLJƌĞƋƵŝƌĞŵĞŶƚƐŽĨ/dzŽĨDŝŶŶĞƐŽƚĂ͕ĂŶĚŝŶĐůƵĚŝŶŐŽǀĞƌĂŐĞ ͕ ŵƉůŽLJĞƌ͛Ɛ>ŝĂďŝůŝƚLJ͕ĂƚůŝŵŝƚƐŶŽƚůĞƐƐƚŚĂŶΨϭϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůLJŝŶũƵƌLJďLJĚŝƐĞĂƐĞƉĞƌĞŵƉůŽLJĞĞ͖ΨϱϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůLJ ŝŶũƵƌLJďLJĚŝƐĞĂƐĞĂŐŐƌĞŐĂƚĞ͖ĂŶĚΨϭϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůLJŝŶũƵƌLJďLJĂĐĐŝĚĞŶƚ͘ ǀŝĚĞŶĐĞŽĨƐƵďĐŽŶƐƵůƚĂŶƚ͚ƐŝŶƐƵƌĂŶĐĞƐŚĂůů ďĞĨŝůĞĚǁŝƚŚƚŚĞ E'/E Z͘ ϰ͘ŽŵŵĞƌĐŝĂů'ĞŶĞƌĂů>ŝĂďŝůŝƚLJ͗ E'/E ZǁŝůůŵĂŝŶƚĂŝŶŝŶƐƵƌĂŶĐĞƉƌŽƚĞĐƚŝŶŐ E'/E ZĨƌŽŵĐůĂŝŵƐĨŽƌĚĂŵĂŐĞƐĨŽƌ ďŽĚŝůLJŝŶũƵƌLJ͕ŝŶĐůƵĚŝŶŐƐŝĐŬŶĞƐƐŽƌĚŝƐĞĂƐĞ͕ĚĞĂƚŚ͕ĂŶĚĨŽƌĐĂƌĞĂŶĚůŽƐƐŽĨƐĞƌǀŝĐĞƐĂƐǁĞůůĂƐĨƌŽŵĐůĂŝŵƐĨŽƌƉƌŽƉĞƌƚLJ ĚĂŵĂŐĞŝŶĐůƵĚŝŶŐůŽƐƐŽĨƵƐĞǁŚŝĐŚŵĂLJĂƌŝƐĞĨƌŽŵŽƉĞƌĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚĞƚŚĞƌƐƵĐŚŽƉĞƌĂƚŝŽŶƐďĞďLJ E'/E ZŽƌďLJĂƐƵďĐŽŶƐƵůƚĂŶƚŽƌďLJĂŶLJŽŶĞĚŝƌĞĐƚůLJŽƌŝŶĚŝƌĞĐƚůLJĞŵƉůŽLJĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘ E'/E Z͛Ɛ ůŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞƐŚĂůůďĞƉƌŝŵĂƌLJƚŽĂŶLJůŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞŵĂŝŶƚĂŝŶĞĚďLJƚŚĞŝƚLJ͘hŶůĞƐƐŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶ ƚŚŝƐŽŶƚƌĂĐƚ͕ E'/E Z͛ƐŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌŽĐĐƵƌƌĞŶĐĞ D Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲĂŶŶƵĂůĂŐŐƌĞŐĂƚĞ E /ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĨŽůůŽǁŝŶŐĐŽǀĞƌĂŐĞƐƐŚŽƵůĚďĞŝŶĐůƵĚĞĚ͗ ŽĚŝůLJ/ŶũƵƌLJĂŶĚWƌŽƉĞƌƚLJĂŵĂŐĞ D WƌŽĚƵĐƚƐĂŶĚŽŵƉůĞƚĞĚKƉĞƌĂƚŝŽŶƐ>ŝĂďŝůŝƚLJ E ůĂŶŬĞƚŽŶƚƌĂĐƚƵĂů>ŝĂďŝůŝƚLJ F EĂŵĞ/dzĂƐĂŶĚĚŝƚŝŽŶĂů/ŶƐƵƌĞĚ G ϱ͘ŽŵŵĞƌĐŝĂůƵƚŽŵŽďŝůĞ>ŝĂďŝůŝƚLJ͗ E'/E ZǁŝůůŵĂŝŶƚĂŝŶŝŶƐƵƌĂŶĐĞƉƌŽƚĞĐƚŝŶŐ E'/E ZĨƌŽŵĐůĂŝŵƐĨŽƌĚĂŵĂŐĞƐ ĨŽƌďŽĚŝůLJŝŶũƵƌLJ͕ŝŶĐůƵĚŝŶŐƐŝĐŬŶĞƐƐŽƌĚŝƐĞĂƐĞ͕ĚĞĂƚŚ͕ĂŶĚĨŽƌĐĂƌĞĂŶĚůŽƐƐŽĨƐĞƌǀŝĐĞƐ͕ĂƐǁĞůůĂƐĨƌŽŵĐůĂŝŵƐĨŽƌ ƉƌŽƉĞƌƚLJĚĂŵĂŐĞŝŶĐůƵĚŝŶŐůŽƐƐŽĨƵƐĞǁŚŝĐŚŵĂLJĂƌŝƐĞĨƌŽŵŽƉĞƌĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚĞƚŚĞƌƐƵĐŚŽƉĞƌĂƚŝŽŶƐ ǁĞƌĞďLJ E'/E ZŽƌďLJƐƵďĐŽŶƐƵůƚĂŶƚŽƌďLJĂŶLJŽŶĞĚŝƌĞĐƚůLJŽƌŝŶĚŝƌĞĐƚůLJĞŵƉůŽLJĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘hŶůĞƐƐ ŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ƚŚĞ E'/E ZŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌŽĐĐƵƌƌĞŶĐĞŽŵďŝŶĞĚ^ŝŶŐůĞůŝŵŝƚĨŽƌŽĚŝůLJ/ŶũƵƌLJĂŶĚWƌŽƉĞƌƚLJĂŵĂŐĞ /ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĨŽůůŽǁŝŶŐĐŽǀĞƌĂŐĞƐƐŚŽƵůĚďĞŝŶĐůƵĚĞĚ͗ KǁŶĞĚ͕,ŝƌĞĚ͕ĂŶĚEŽŶͲŽǁŶĞĚ EĂŵĞ/dzĂƐĂŶĚĚŝƚŝŽŶĂů/ŶƐƵƌĞĚ ϲ͘WƌŽĨĞƐƐŝŽŶĂů>ŝĂďŝůŝƚLJ/ŶƐƵƌĂŶĐĞ͗ hŶůĞƐƐŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ E'/E ZŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌĐůĂŝŵ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲĂŶŶƵĂůĂŐŐƌĞŐĂƚĞ dŚŝƐƉŽůŝĐLJǁŝůůƉƌŽǀŝĚĞĐŽǀĞƌĂŐĞĨŽƌĂůůĐůĂŝŵƐ E'/E ZǁŝůůďĞĐŽŵĞůĞŐĂůůLJŽďůŝŐĂƚĞĚƚŽƉĂLJƌĞƐƵůƚŝŶŐĨƌŽŵĂŶLJ ĂĐƚƵĂůŽƌĂůůĞŐĞĚŶĞŐůŝŐĞŶƚĂĐƚ͕ĞƌƌŽƌ͕ŽƌŽŵŝƐƐŝŽŶƌĞůĂƚĞĚƚŽ E'/E ZΖƐƉƌŽĨĞƐƐŝŽŶĂůƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐ ŽŶƚƌĂĐƚ͘ E'/E ZŵƵƐƚ͗ & ϭ͘/ŶĐůƵĚĞůĞŐĂůĚĞĨĞŶƐĞĨĞĞƐŝŶĂĚĚŝƚŝŽŶƚŽŝƚƐůŝĂďŝůŝƚLJƉŽůŝĐLJůŝŵŝƚƐ͕ǁŝƚŚƚŚĞĞdžĐĞƉƚŝŽŶŽĨWƌŽĨĞƐƐŝŽŶĂů>ŝĂďŝůŝƚLJ/ŶƐƵƌĂŶĐĞ ĂďŽǀĞ͖ĂŶĚ Ϯ͘KďƚĂŝŶŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐĨƌŽŵĂŶŝŶƐƵƌĂŶĐĞĐŽŵƉĂŶLJŚĂǀŝŶŐĂŶΗD ^dΗƌĂƚŝŶŐŽĨͲs///ŽƌďĞƚƚĞƌ͘ /dzƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽŝŵŵĞĚŝĂƚĞůLJƌĞƐĐŝŶĚƚŚŝƐŽŶƚƌĂĐƚŝĨ E'/E ZŝƐŶŽƚŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚƚŚĞŝŶƐƵƌĂŶĐĞ ' ƌĞƋƵŝƌĞŵĞŶƚƐĂŶĚƌĞƚĂŝŶƐĂůůƌŝŐŚƚƐƚŽƉƵƌƐƵĞĂŶLJůĞŐĂůƌĞŵĞĚŝĞƐĂŐĂŝŶƐƚ E'/E Z͘hƉŽŶǁƌŝƚƚĞŶƌĞƋƵĞƐƚďLJƚŚĞ/dzΖƐ ƵƚŚŽƌŝnjĞĚŐĞŶƚ͕ĂůůŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐƐŚĂůůďĞŽƉĞŶƚŽŝŶƐƉĞĐƚŝŽŶ͕ĂŶĚĐŽƉŝĞƐŽĨƉŽůŝĐŝĞƐŵĂLJďĞƌĞƋƵĞƐƚĞĚ͘ >/s Z> ^dEZ^ $57,&/( /dzǁŝůůŚĂǀĞƚŚĞĂƵƚŚŽƌŝƚLJƚŽĚŝƐĂƉƉƌŽǀĞŽƌƌĞũĞĐƚƐĞƌǀŝĐĞƐŽƌĚĞůŝǀĞƌĂďůĞƐƚŚĂƚĂƌĞĚĞĨĞĐƚŝǀĞ͘ E'/E ZǁŝůůďĞ $ ƌĞƐƉŽŶƐŝďůĞĨŽƌƚŚĞĂĐĐƵƌĂĐLJŽĨŝƚƐǁŽƌŬƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚĂŶĚŵƵƐƚŵĂŬĞƚŝŵĞůLJƌĞǀŝƐŝŽŶƐŽƌĐŽƌƌĞĐƚŝŽŶƐǁŝƚŚŽƵƚ ĐŽŵƉĞŶƐĂƚŝŽŶƌĞƐƵůƚŝŶŐĨƌŽŵĞƌƌŽƌƐĂŶĚŽŵŝƐƐŝŽŶƐŽŶƚŚĞƉĂƌƚŽĨ E'/E Z͘dŚĞƐĞƌǀŝĐĞƐŽƌĚĞůŝǀĞƌĂďůĞƐƉƌŽǀŝĚĞĚƚŽ/dz ďLJ E'/E ZŵƵƐƚďĞŽĨƐƵĐŚƋƵĂůŝƚLJƚŚĂƚƚŚĞLJĂƌĞƐƵŝƚĂďůĞĨŽƌƚŚĞŝƌŝŶƚĞŶĚĞĚƉƵƌƉŽƐĞ͘ E'/E Z͛ƐƐĞƌǀŝĐĞƐĂŶĚĐŽŵƉĞŶƐĂƚŝŽŶƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŚĂǀĞďĞĞŶĂŐƌĞĞĚƚŽŝŶĂŶƚŝĐŝƉĂƚŝŽŶŽĨƚŚĞŽƌĚĞƌůLJĂŶĚ % ĐŽŶƚŝŶƵŽƵƐƉƌŽŐƌĞƐƐŽĨƚŚĞWƌŽũĞĐƚƚŚŽƵŐŚĐŽŵƉůĞƚŝŽŶ͘hŶůĞƐƐƐƉĞĐŝĨŝĐƉĞƌŝŽĚƐŽĨƚŝŵĞŽƌƐƉĞĐŝĨŝĐĚĂƚĞƐĨŽƌƉƌŽǀŝĚŝŶŐ ƐĞƌǀŝĐĞƐĂƌĞƐƉĞĐŝĨŝĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ E'/E Z͛ƐŽďůŝŐĂƚŝŽŶƚŽƌĞŶĚĞƌƐĞƌǀŝĐĞƐŚĞƌĞƵŶĚĞƌǁŝůůďĞĨŽƌĂƉĞƌŝŽĚǁŚŝĐŚŵĂLJ ƌĞĂƐŽŶĂďůLJďĞƌĞƋƵŝƌĞĨŽƌƚŚĞĐŽŵƉůĞƚŝŽŶŽĨƐĂŝĚƐĞƌǀŝĐĞƐ͘ /ĨŝŶƚŚŝƐŽŶƚƌĂĐƚƐƉĞĐŝĨŝĐƉĞƌŝŽĚƐŽĨƚŝŵĞĨŽƌƌĞŶĚĞƌŝŶŐƐĞƌǀŝĐĞƐĂƌĞƐĞƚĨŽƌƚŚŽƌƐƉĞĐŝĨŝĐĚĂƚĞƐďLJǁŚŝĐŚƐĞƌǀŝĐĞƐĂƌĞƚŽďĞ & ĐŽŵƉůĞƚĞĚĂƌĞƉƌŽǀŝĚĞĚ͕ĂŶĚŝĨƐƵĐŚƉĞƌŝŽĚƐŽĨƚŝŵĞŽƌĚĂƚĞƐĂƌĞĐŚĂŶŐĞĚƚŚƌŽƵŐŚŶŽĨĂƵůƚŽĨ E'/E Z͕ƚŚĞƌĂƚĞƐĂŶĚ 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ŽŶƐƚƌƵĐƚŝŽŶͬĞƐŝŐŶŽŽƌĚ͘Ͳ ŶŐŝŶĞĞƌŽĨZĞĐŽƌĚ ΎϬ͘Ϭ WƌŽũĞĐƚKďƐĞƌǀĂƚŝŽŶDĞŶƚŽƌ Ϭ͘Ϭ dŽƚĂů,ŽƵƌƐ͗ϭϭϳ͘Ϭ &ĞĞ ƐƚŝŵĂƚĞ WƌŽũĞĐƚZŽůĞͬ^ĞƌǀŝĐĞZĂƚĞ,ŽƵƌƐdŽƚĂů >ĞĂĚWƌŽũĞĐƚKďƐĞƌǀĞƌΨϭϱϬ͘ϬϬϭϭϳ͘ϬΨϭϳ͕ϱϱϬ͘ϬϬ KďƐĞƌǀĂƚŝŽŶDĞŶƚŽƌ;DŝŶ͘ϮŽйŽĨ>ĞĂĚKďƐĞƌǀĞƌͿΨϭϱϬ͘ϬϬϬ͘ϬΨͲ ^ƵďĐŽŶƚƌĂĐƚĞĚDĂƚĞƌŝĂů&ŝĞůĚdĞƐƚŝŶŐͲ>ƵŵƉ^ƵŵΨϭ͕ϱϬϬ͘ϬϬϭ͘ϬΨϭ͕ϱϬϬ͘ϬϬ ŶŐŝŶĞĞƌŽĨZĞĐŽƌĚΨϮϳϮ͘ϬϬϬ͘ϬΨͲ dŽƚĂů ƐƚŝŵĂƚĞĚ&ĞĞ͗Ψϭϵ͕ϬϱϬ͘ϬϬ ' E Z>KE/d/KE^ d ZDK&KEdZd͕K>/'d/KE^ $57,&/( dŚŝƐŽŶƚƌĂĐƚǁŝůůďĞĞĨĨĞĐƚŝǀĞƵƉŽŶƚŚĞůĂƚĞƌŽĨƚŚĞĚĂƚĞƐĞƚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽƌƵƉŽŶĞdžĞĐƵƚŝŽŶĂŶĚĂƉƉƌŽǀĂůďLJ $ ďŽƚŚƉĂƌƚŝĞƐ͘dŚŝƐŽŶƚƌĂĐƚǁŝůůƌĞŵĂŝŶŝŶĞĨĨĞĐƚƵŶƚŝůƚŚĞ džƉŝƌĂƚŝŽŶĂƚĞƐĞƚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽƌƵŶƚŝůĂůů ŽďůŝŐĂƚŝŽŶƐƐĞƚĨŽƌƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚŚĂǀĞďĞĞŶĨƵůĨŝůůĞĚ͘ &ŽƌĚĞůĂLJƐĞŶĐŽƵŶƚĞƌĞĚƚŚĂƚĂƌĞďĞLJŽŶĚ E'/E Z͛ƐĐŽŶƚƌŽů͕ĂŶĚƵƉŽŶǁƌŝƚƚĞŶƌĞƋƵĞƐƚĨƌŽŵ E'/E Z͕ƚŚĞ/dzΖƐ % ƵƚŚŽƌŝnjĞĚŐĞŶƚŵĂLJĞdžƚĞŶĚƚŚĞtŽƌŬŽŵƉůĞƚŝŽŶĂƚĞĞƐƚĂďůŝƐŚĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘dŚĞůĞŶŐƚŚ ŽĨƐƵĐŚƚŝŵĞĞdžƚĞŶƐŝŽŶǁŝůůďĞĚĞƚĞƌŵŝŶĞĚďLJƚŚĞ/dz͛ƐƵƚŚŽƌŝnjĞĚŐĞŶƚ͘ /ƚǁŝůůďĞ E'/E Z͛ƐƌĞƐƉŽŶƐŝďŝůŝƚLJƚŽƌĞĂƐŽŶĂďůLJŶŽƚŝĨLJ/dz͛ƐƵƚŚŽƌŝnjĞĚŐĞŶƚ͕ŝŶǁƌŝƚŝŶŐ͕ŝĨ E'/E ZŚĂƐƌĞĂƐŽŶƚŽ & ďĞůŝĞǀĞƚŚĞƉƌŽũĞĐƚǁŝůůŶŽƚďĞĐŽŵƉůĞƚĞĚĂƐƐĐŚĞĚƵůĞĚ͘/dz͛ƐƵƚŚŽƌŝnjĞĚŐĞŶƚǁŝůůŚĂǀĞƚŚĞĂƵƚŚŽƌŝƚLJƚŽĂĚũƵƐƚƚŚĞ ƐĐŚĞĚƵůĞĂŶĚĨŝŶĂůĐŽƐƚĂƐƐŽĐŝĂƚĞĚǁŝƚŚƐƵĐŚĚĞůĂLJƐ͕ĂƐƉƌŽǀŝĚĞĚŝŶƚŚĞƐĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐ͘ ŶŐŝŶĞĞƌƐŚĂůůĨƵƌŶŝƐŚĂůůŵĂƚĞƌŝĂůƐ͕ĂůůŶĞĐĞƐƐĂƌLJƚŽŽůƐĂŶĚĞƋƵŝƉŵĞŶƚ͕ĂŶĚƉĞƌĨŽƌŵĂůůǁŽƌŬĂŶĚůĂďŽƌŶĞĐĞƐƐĂƌLJƚŽ ' ĚĞƚĞƌŵŝŶĞŽŶƚƌĂĐƚŽƌ͛ƐĐŽŵƉůŝĂŶĐĞǁŝƚŚƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶŽĨƚŚĞWƌŽũĞĐƚĐŽŶƐŝƐƚĞŶƚǁŝƚŚŝƚLJĚĞƐŝŐŶƐƉĞĐŝĨŝĐĂƚŝŽŶƐĂŶĚ ĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞĂƉƉƌŽǀĞĚĐŝǀŝůĐŽŶƐƚƌƵĐƚŝŽŶƉůĂŶƐĨŽƌƚŚĞWƌŽũĞĐƚ͘ /dzƌĞĐŽŐŶŝnjĞƐƚŚĂƚ E'/E ZƉƌŽǀŝĚĞĚƐĞƌǀŝĐĞƐƚŽƚŚĞKǁŶĞƌƵŶĚĞƌĂŝƚLJͲKǁŶĞƌĐŽŶƚƌĂĐƚĂƵƚŚŽƌŝnjŝŶŐƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶ ( ŽĨƚŚĞƉƵďůŝĐĨĂĐŝůŝƚŝĞƐĨŽƌǁŚŝĐŚĐŽŶƐƚƌƵĐƚŝŽŶŝŶƐƉĞĐƚŝŽŶĂŶĚŽďƐĞƌǀĂƚŝŽŶƐĞƌǀŝĐĞƐĂƌĞďĞŝŶŐƌĞƋƵĞƐƚĞĚ͘/dzǁĂŝǀĞƐĂŶLJ ĂŶĚĂůůĐŽŶĨůŝĐƚŽĨŝŶƚĞƌĞƐƚƌŝŐŚƚƐĂŐĂŝŶƐƚ E'/E ZƌĞůĂƚŝǀĞƚŽƚŚŝƐĂƌƌĂŶŐĞŵĞŶƚ͘ 'Ks ZE/E'>t͕:hZ/^/d/KE͕Es Eh $57,&/( dŚŝƐŽŶƚƌĂĐƚƐŚĂůůďĞŐŽǀĞƌŶĞĚďLJĂŶĚĐŽŶƐƚƌƵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞůĂǁƐŽĨƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂ͘sĞŶƵĞĨŽƌĂůůůĞŐĂů $ ƉƌŽĐĞĞĚŝŶŐƐĂƌŝƐŝŶŐŽƵƚŽĨƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞŝŶƚŚĞĂƉƉůŝĐĂďůĞƐƚĂƚĞŽƌĨĞĚĞƌĂůĐŽƵƌƚǁŝƚŚĐŽŵƉĞƚĞŶƚũƵƌŝƐĚŝĐƚŝŽŶŝŶ KůŵƐƚĞĚŽƵŶƚLJĂŶĚDŝŶŶĞƐŽƚĂƌĞƐƉĞĐƚŝǀĞůLJ͘ d ZD^K&' E Z>KE/d/KE^ $57,&/( ŶLJĂŶĚĂůůƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞƐĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐǁŝůůƌĞŵĂŝŶŝŶĨŽƌĐĞƵŶůĞƐƐƚŚĞLJĂƌĞƐƉĞĐŝĨŝĐĂůůLJĂŶĚĚĞůŝďĞƌĂƚĞůLJ $ ĐĂŶĐĞůĞĚŽƌŵŽĚŝĨŝĞĚďLJƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ dŽƚŚĞĞdžƚĞŶƚŽĨĂŶLJŝŶĐŽŶƐŝƐƚĞŶĐŝĞƐďĞƚǁĞĞŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐĂŶĚƚŚĞƐĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐ͕ƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ % ǁŝůůĐŽŶƚƌŽů͘DŝŶŶĞƐŽƚĂ>ĂǁƐƵƉĞƌƐĞĚĞƐĂŶLJŽĨƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽƌ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐƐĞƚĨŽƌƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͘ d ZD^K&WzD Ed $57,&/( ^ƵďũĞĐƚƚŽƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ĂůůƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚĂŶĚĚĞůŝǀĞƌĂďůĞƐƐĂƚŝƐĨĂĐƚŽƌŝůLJƐƵƉƉůŝĞĚďLJ $ E'/E ZƉƵƌƐƵĂŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞƉĂŝĚďLJ/dz͘ŽŵƉĞŶƐĂƚŝŽŶǁŝůůďĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ Zd/> ϯ͕͞ŽŶƐŝĚĞƌĂƚŝŽŶŽĨWĂLJŵĞŶƚ͘͟ /ĨŝƚĂƉƉĞĂƌƐĂƚĂŶLJƚŝŵĞƚŚĂƚ E'/E ZǁŝůůĞdžĐĞĞĚƚŚĞdŽƚĂůŽŶƚƌĂĐƚŵŽƵŶƚƐƚĂƚĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐ % ŽŶƚƌĂĐƚ͕ E'/E ZŵƵƐƚŶŽƚŝĨLJ/dz͛ƐƵƚŚŽƌŝnjĞĚŐĞŶƚŝŶǁƌŝƚŝŶŐŝŶĂƚŝŵĞůLJŵĂŶŶĞƌ͘ E'/E ZŵĂLJŶŽƚďĞ ĐŽŵƉĞŶƐĂƚĞĚĨŽƌǁŽƌŬƉĞƌĨŽƌŵĞĚŝŶĞdžĐĞƐƐŽĨƚŚĞdŽƚĂůŽŶƚƌĂĐƚŵŽƵŶƚǁŝƚŚŽƵƚĂǁƌŝƚƚĞŶ͕ĂŶĚĨƵůůLJĞdžĞĐƵƚĞĚ͕ ĂŵĞŶĚŵĞŶƚƚŽƚŚĞŽŶƚƌĂĐƚ͘ŶLJǁŽƌŬƉĞƌĨŽƌŵĞĚďĞLJŽŶĚƚŚĂƚŝĚĞŶƚŝĨŝĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚǁŝƚŚŽƵƚĂƉƌŝŽƌǁƌŝƚƚĞŶ ĂŵĞŶĚŵĞŶƚƐŝŐŶĞĚďLJ/dzŵĂLJďĞĚĞĞŵĞĚǀŽůƵŶƚĂƌLJĂŶĚ E'/E ZŵĂLJŶŽƚďĞĞŶƚŝƚůĞĚƚŽĐŽŵƉĞŶƐĂƚŝŽŶĨŽƌƚŚĞĞdžƚƌĂ ǁŽƌŬ͘ /Ĩ E'/E ZĐůĂŝŵƐĂŶLJŝŶƐƚƌƵĐƚŝŽŶƐ͕ůĂƚĞŶƚĐŽŶĚŝƚŝŽŶƐ͕ŽƌŽƚŚĞƌĐŽŶĚŝƚŝŽŶƐĞdžŝƐƚƚŚĂƚƌĞƋƵŝƌĞĞdžƚƌĂĐŽƐƚƵŶĚĞƌƚŚŝƐ & ŽŶƚƌĂĐƚ͕ E'/E ZŵƵƐƚŵĂŬĞĐůĂŝŵĨŽƌĂŶLJĞdžƚƌĂĐŽƐƚŝŶĐƵƌƌĞĚŝŶǁƌŝƚŝŶŐǁŝƚŚŝŶϮϬĂůĞŶĚĂƌĚĂLJƐĂĨƚĞƌƐƵĐŚŝŶƐƚƌƵĐƚŝŽŶ ŽƌŽďƐĞƌǀĂŶĐĞŽĨĐŽŶĚŝƚŝŽŶƐ͘>ĂƚĞŶƚĐŽŶĚŝƚŝŽŶƐĂƌĞĐŽŶĚŝƚŝŽŶƐŶŽƚĂŶƚŝĐŝƉĂƚĞĚďLJƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ ŶLJĐůĂŝŵŵĂĚĞĂĨƚĞƌƚŚŝƐƚŝŵĞŵĂLJďĞƌĞĨƵƐĞĚĂŶĚŶŽĐůĂŝŵǁŝůůďĞǀĂůŝĚƵŶůĞƐƐƐŽŵĂĚĞ͘ŶLJǁŽƌŬƉĞƌĨŽƌŵĞĚƵŶĚĞƌĂŶ ĂŵĞŶĚŵĞŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚƚŚĂƚŚĂƐŶŽƚďĞĞŶƉƌŽƉĞƌůLJĂƉƉƌŽǀĞĚĂŶĚĞdžĞĐƵƚĞĚďLJƚŚĞƉĂƌƚŝĞƐǁŝůůďĞƉĞƌĨŽƌŵĞĚĂƚ E'/E ZΖƐŽǁŶƌŝƐŬ͘ ZĞŝŵďƵƌƐĞŵĞŶƚĨŽƌƚƌĂǀĞůĂŶĚƐƵďƐŝƐƚĞŶĐĞĞdžƉĞŶƐĞƐĂĐƚƵĂůůLJĂŶĚŶĞĐĞƐƐĂƌŝůLJŝŶĐƵƌƌĞĚďLJ E'/E ZĂƐĂƌĞƐƵůƚŽĨ ' ƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚŶŽƚĞdžĐĞĞĚƚŚĞĂŵŽƵŶƚĚĞĨŝŶĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͘ E'/E ZŵĂLJďĞ ƌĞŝŵďƵƌƐĞĚĨŽƌƚƌĂǀĞůĂŶĚƐƵďƐŝƐƚĞŶĐĞĞdžƉĞŶƐĞƐŝŶƚŚĞƐĂŵĞŵĂŶŶĞƌĂŶĚŝŶŶŽŐƌĞĂƚĞƌĂŵŽƵŶƚƚŚĂŶƉƌŽǀŝĚĞĚŝŶƚŚĞ ĐƵƌƌĞŶƚΗDŶͬKddƌĂǀĞůZĞŐƵůĂƚŝŽŶƐΗ͕ĂŶĚŝĚĞŶƚŝĨŝĞĚŝŶ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ƌƚŝĐůĞϯ͘ WZK hZ &KZWzD Ed $57,&/( WĂLJŵĞŶƚƐǁŝůůďĞŵĂĚĞďLJ/dzǁŝƚŚŝŶϯϬĚĂLJƐŽĨ E'/E Z͛ƐƉƌĞƐĞŶƚĂƚŝŽŶŽĨƉƌŽƉĞƌůLJƉƌĞƉĂƌĞĚŝŶǀŽŝĐĞƐĂŶĚƉƌŽŐƌĞƐƐ $ ƌĞƉŽƌƚƐĨŽƌƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚ͘/dzƐŚĂůůŶŽƚŝĨLJ E'/E ZŝŶǁƌŝƚŝŶŐǁŝƚŚŝŶϯϬĚĂLJƐŽĨ E'/E Z͛ƐƉƌĞƐĞŶƚĂƚŝŽŶŽĨŝŶǀŽŝĐĞƐŝĨƚŚĞLJďĞůŝĞǀĞƚŚĞƉƌŽŐƌĞƐƐƌĞƉŽƌƚƐǁĞƌĞŶŽƚƉƌŽƉĞƌůLJƉƌĞƉĂƌĞĚŽƌƚŚĞƐĞƌǀŝĐĞƐǁĞƌĞ ŶŽƚƉƌŽƉĞƌůLJƉĞƌĨŽƌŵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞŽŶƚƌĂĐƚ͘ /ŶǀŽŝĐĞƐĨŽƌƉĂLJŵĞŶƚŵƵƐƚďĞƐƵďŵŝƚƚĞĚďLJ E'/E ZŵŽŶƚŚůLJƚŽƚŚĞ/dzΖƐƵƚŚŽƌŝnjĞĚŐĞŶƚŝŶƚŚĞĨŽƌŵƉƌĞƐĐƌŝďĞĚďLJ % /dz͘/ŶǀŽŝĐĞƐƐŚŽƵůĚŝĚĞŶƚŝĨLJƚŚĞƉƌŽũĞĐƚĂŶĚƚŚĞĐŽƐƚĨŽƌƚŚĞƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚĂŶĚĚĞůŝǀĞƌĞĚĨŽƌƚŚĞďŝůůŝŶŐƉĞƌŝŽĚĂŶĚ ŵƵƐƚƐĂƚŝƐĨLJƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐůŝƐƚĞĚďĞůŽǁ͗ ϭ͘ ĂĐŚŝŶǀŽŝĐĞŵƵƐƚĐŽŶƚĂŝŶƚŚĞĨŽůůŽǁŝŶŐŝŶĨŽƌŵĂƚŝŽŶ͗/dzĐŽŶƚƌĂĐƚŝŶǀŽŝĐĞŶƵŵďĞƌ;ƐĞƋƵĞŶƚŝĂůůLJŶƵŵďĞƌĞĚͿ͕ďŝůůŝŶŐ ĂĚĚƌĞƐƐŝĨĚŝĨĨĞƌĞŶƚĨƌŽŵďƵƐŝŶĞƐƐĂĚĚƌĞƐƐ͕ĂŶĚ E'/E ZΖƐŽƌŝŐŝŶĂůƐŝŐŶĂƚƵƌĞĂƚƚĞƐƚŝŶŐƚŚĂƚƚŚĞŝŶǀŽŝĐĞĚƐĞƌǀŝĐĞƐĂŶĚ ĐŽƐƚƐĂƌĞŶĞǁĂŶĚƚŚĂƚŶŽƉƌĞǀŝŽƵƐĐŚĂƌŐĞĨŽƌƚŚŽƐĞƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐŚĂƐďĞĞŶŝŶĐůƵĚĞĚŝŶĂŶLJƉƌŝŽƌŝŶǀŽŝĐĞ͘ Ϯ͘dŚĞŽƌŝŐŝŶĂůŽĨĞĂĐŚŝŶǀŽŝĐĞĂŶĚƉƌŽŐƌĞƐƐƌĞƉŽƌƚŵƵƐƚďĞƐĞŶƚƚŽƚŚĞ/dzΖƐƵƚŚŽƌŝnjĞĚŐĞŶƚĨŽƌƌĞǀŝĞǁĂŶĚƉĂLJŵĞŶƚ͘ ϯ͘ŝƌĞĐƚŶŽŶͲƐĂůĂƌLJĐŽƐƚƐĂůůŽĐĂďůĞƚŽƚŚĞǁŽƌŬƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ĂŶĚĚĞĨŝŶĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐ ŽŶƚƌĂĐƚ͕ŵƵƐƚďĞŝƚĞŵŝnjĞĚĂŶĚƐƵƉƉŽƌƚĞĚǁŝƚŚŝŶǀŽŝĐĞƐŽƌďŝůůŝŶŐĚŽĐƵŵĞŶƚƐƚŽƐŚŽǁƚŚĂƚƐƵĐŚĐŽƐƚƐĂƌĞƉƌŽƉĞƌůLJ ĂůůŽĐĂďůĞƚŽƚŚĞǁŽƌŬ͘ŝƌĞĐƚŶŽŶͲƐĂůĂƌLJĐŽƐƚƐĂƌĞĂŶLJĐŽƐƚƐƚŚĂƚĂƌĞŶŽƚƚŚĞƐĂůĂƌŝĞĚĐŽƐƚƐĚŝƌĞĐƚůLJƌĞůĂƚĞĚƚŽƚŚĞǁŽƌŬ ŽĨƚŚĞ E'/E Z͘^ƵƉƉŽƌƚŝŶŐĚŽĐƵŵĞŶƚĂƚŝŽŶŵƵƐƚďĞƉƌŽǀŝĚĞĚŝŶĂŵĂŶŶĞƌƚŚĂƚĐŽƌƌĞƐƉŽŶĚƐƚŽĞĂĐŚĚŝƌĞĐƚĐŽƐƚ͘ ϰ͘ E'/E ZŵƵƐƚƉƌŽǀŝĚĞ͕ƵƉŽŶƌĞƋƵĞƐƚŽĨƚŚĞ/dzΖƐƵƚŚŽƌŝnjĞĚŐĞŶƚ͕ƚŚĞĨŽůůŽǁŝŶŐƐƵƉƉŽƌƚŝŶŐĚŽĐƵŵĞŶƚĂƚŝŽŶ͗ ŝƌĞĐƚƐĂůĂƌLJĐŽƐƚƐŽĨĞŵƉůŽLJĞĞƐΖƚŝŵĞĚŝƌĞĐƚůLJĐŚĂƌŐĞĂďůĞĨŽƌƚŚĞƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘ D dŚŝƐŵƵƐƚŝŶĐůƵĚĞĂƉĂLJƌŽůůĐŽƐƚďƌĞĂŬĚŽǁŶŝĚĞŶƚŝĨLJŝŶŐƚŚĞŶĂŵĞŽĨƚŚĞĞŵƉůŽLJĞĞ͕ĐůĂƐƐŝĨŝĐĂƚŝŽŶ͕ĂĐƚƵĂůƌĂƚĞŽĨƉĂLJ͕ ŚŽƵƌƐǁŽƌŬĞĚ͕ĂŶĚƚŽƚĂůƉĂLJŵĞŶƚĨŽƌĞĂĐŚŝŶǀŽŝĐĞƉĞƌŝŽĚ͖ĂŶĚ ^ŝŐŶĞĚƚŝŵĞƐŚĞĞƚƐŽƌƉĂLJƌŽůůĐŽƐƚďƌĞĂŬĚŽǁŶĨŽƌĞĂĐŚĞŵƉůŽLJĞĞůŝƐƚŝŶŐĚĂƚĞƐĂŶĚŚŽƵƌƐǁŽƌŬĞĚ͘ŽŵƉƵƚĞƌ E ŐĞŶĞƌĂƚĞĚƉƌŝŶƚŽƵƚƐŽĨůĂďŽƌĐŽƐƚƐĨŽƌƚŚĞƉƌŽũĞĐƚŵƵƐƚĐŽŶƚĂŝŶƚŚĞƉƌŽũĞĐƚŶƵŵďĞƌ͕ĞĂĐŚĞŵƉůŽLJĞĞΖƐŶĂŵĞ͕ŚŽƵƌůLJ ƌĂƚĞ͕ƌĞŐƵůĂƌĂŶĚŽǀĞƌƚŝŵĞŚŽƵƌƐ͕ĂŶĚƚŚĞĚŽůůĂƌĂŵŽƵŶƚĐŚĂƌŐĞĚƚŽƚŚĞƉƌŽũĞĐƚĨŽƌĞĂĐŚƉĂLJƉĞƌŝŽĚ͘ ϱ͘ E'/E ZŵƵƐƚƉƌŽǀŝĚĞĂĐŽƉLJŽĨƚŚĞŝŶǀŽŝĐĞƚŚĞLJĨŽƌǁĂƌĚĞĚƚŽƚŚĞĐŝƚLJƚŽƚŚĞĚĞǀĞůŽƉĞƌĨŽƌŝŶĨŽƌŵĂƚŝŽŶĂůƉƵƌƉŽƐĞƐ͘ dŚŝƐĚŽĐƵŵĞŶƚƐŚŽƵůĚďĞĐůĞĂƌĞĚƐƚĂƚĞĚƚŚĂƚŝƚ͛ƐĨŽƌŝŶĨŽƌŵĂƚŝŽŶĂůƉƵƌƉŽƐĞƐŽŶůLJ͘ /Ĩ E'/E ZŝƐĂƵƚŚŽƌŝnjĞĚďLJ/dzƚŽƵƐĞŽƌƵƐĞƐĂŶLJƐƵďĐŽŶƐƵůƚĂŶƚƐ͕ E'/E ZŵƵƐƚŝŶĐůƵĚĞĂůůƚŚĞĂďŽǀĞƐƵƉƉŽƌƚŝŶŐ & ĚŽĐƵŵĞŶƚĂƚŝŽŶŝŶĂŶLJƐƵďĐŽŶƐƵůƚĂŶƚ͛ƐŽŶƚƌĂĐƚ͕ĂŶĚ E'/E ZŵƵƐƚĐŽŵƉůLJǁŝƚŚDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐ^ĞĐƚŝŽŶϭϲ͘ϭϮϰϱ͕ ƌĞƋƵŝƌŝŶŐƚŝŵĞůLJƉĂLJŵĞŶƚďLJ E'/E ZŽĨƐƵďĐŽŶƐƵůƚĂŶƚ͛Ɛ͕ƉĞŶĂůƚŝĞƐĨŽƌůĂƚĞƉĂLJŵĞŶƚƐ͕ĂŶĚĚĞĨŝŶŝŶŐĐŽƐƚƐƚŚĞƐƵď ĐŽŶƐƵůƚĂŶƚŵƵƐƚďĞĂǁĂƌĚĞĚŝĨƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚƉƌĞǀĂŝůƐŝŶĂůĂǁƐƵŝƚ͘ E'/E ZŵƵƐƚƌĞƋƵŝƌĞƐƵďĐŽŶƐƵůƚĂŶƚ͛ƐŝŶǀŽŝĐĞƐƚŽĨŽůůŽǁƚŚĞƐĂŵĞĨŽƌŵĂŶĚĐŽŶƚĂŝŶƚŚĞƐĂŵĞŝŶĨŽƌŵĂƚŝŽŶĂƐƐĞƚ ' ĨŽƌƚŚĂďŽǀĞ͘ KE/d/KE^K&WzD Ed $57,&/( &ŽƌĂůůƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐƉƌŽǀŝĚĞĚďLJ E'/E ZƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ƚŚĞ ŶŐŝŶĞĞƌƐŚĂůůŵĂŝŶƚĂŝŶŝƚƐĞƚŚŝĐĂůĂŶĚ $ ůĞŐĂůĚƵƚLJŽĨĂƉƌŽĨĞƐƐŝŽŶĂůƚŽĞdžĞƌĐŝƐĞƚŚĞůĞǀĞůŽĨĐĂƌĞ͕ĚŝůŝŐĞŶĐĞ͕ĂŶĚƐŬŝůůƉƌĞƐĐƌŝďĞĚŝŶƚŚĞĐŽĚĞŽĨƉƌĂĐƚŝĐĞŽĨŚŝƐŽƌŚĞƌ ƉƌŽĨĞƐƐŝŽŶ͕ŽƌĂƐŽƚŚĞƌƉƌŽĨĞƐƐŝŽŶĂůƐŝŶƚŚĞƐĂŵĞĚŝƐĐŝƉůŝŶĞǁŽƵůĚŝŶƚŚĞƐĂŵĞŽƌƐŝŵŝůĂƌĐŝƌĐƵŵƐƚĂŶĐĞƐ͘dŚĞ E'/E Z ƐŚĂůůĐŽŵƉůLJǁŝƚŚƚŚĞĨŽůůŽǁŝŶŐ͗ ϭ͘ůůĐƵƌƌĞŶƚĂƉƉůŝĐĂďůĞĨĞĚĞƌĂů͕ƐƚĂƚĞ͕ĂŶĚůŽĐĂůůĂǁƐ͕ŽƌĚŝŶĂŶĐĞƐ͕ƌƵůĞƐ͕ĂŶĚƌĞŐƵůĂƚŝŽŶƐ͘ Ϯ͘ůůĐƵƌƌĞŶƚƐƚĂƚĞƐƚĂŶĚĂƌĚƐ͕ƉŽůŝĐŝĞƐ͕ĂŶĚƉƌĂĐƚŝĐĞƐƌĞƋƵŝƌĞĚďLJĂƉƉůŝĐĂďůĞůĂǁƚŽƉĞƌĨŽƌŵ E'/E Z͛ƐƐĞƌǀŝĐĞƐ͘ E'/E ZǁŝůůŶŽƚƌĞĐĞŝǀĞƉĂLJŵĞŶƚĨŽƌǁŽƌŬƉĞƌĨŽƌŵĞĚŝŶǀŝŽůĂƚŝŽŶŽĨĨĞĚĞƌĂů͕ƐƚĂƚĞ͕ŽƌůŽĐĂůůĂǁƐ͕ŽƌĚŝŶĂŶĐĞƐ͕ƌƵůĞƐ͕Žƌ % ƌĞŐƵůĂƚŝŽŶƐ͘ ůůĚĞůŝǀĞƌĂďůĞƐĐŽǀĞƌĞĚďLJƉƌŽŐƌĞƐƐƉĂLJŵĞŶƚƐŵĂĚĞďLJ/dzǁŝůůďĞĐŽŵĞƚŚĞƐŽůĞƉƌŽƉĞƌƚLJŽĨ/dz͘dŚŝƐƉƌŽǀŝƐŝŽŶŵƵƐƚ & ŶŽƚďĞĐŽŶƐƚƌƵĞĚĂƐƌĞůŝĞǀŝŶŐ E'/E ZĨƌŽŵƐŽůĞƌĞƐƉŽŶƐŝďŝůŝƚLJĨŽƌƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐƵƉŽŶǁŚŝĐŚƉĂLJŵĞŶƚƐŚĂǀĞ ďĞĞŶŵĂĚĞŽƌƚŚĞƌĞƐƚŽƌĂƚŝŽŶŽĨĂŶLJĚĂŵĂŐĞĚǁŽƌŬŽƌĂƐǁĂŝǀŝŶŐƚŚĞƌŝŐŚƚŽĨ/dzƚŽƌĞƋƵŝƌĞƚŚĞĨƵůĨŝůůŵĞŶƚŽĨĂůůŽĨƚŚĞ ƚĞƌŵƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘/ĨƚŚĞ/dzƵƐĞƐƚŚĞ E'/E Z͛ƐĚĞůŝǀĞƌĂďůĞƐŝŶĂŵĂŶŶĞƌďĞLJŽŶĚƚŚĞƐĐŽƉĞŽĨƚŚŝƐĐŽŶƚƌĂĐƚ͕ŝƚ ƐŚĂůůŝŶĚĞŵŶŝĨLJ E'/E ZĨŽƌĐůĂŝŵƐƌĞƐƵůƚŝŶŐĨƌŽŵƚŚŝƐƌĞƵƐĞ͘dŚĞ/dzŐƌĂŶƚƐ E'/E ZĂŶŽŶͲĞdžĐůƵƐŝǀĞůŝĐĞŶƐĞ͕ƚŽƚŚĞ ĞdžƚĞŶƚŽĨƚŚĞ/dz͛ƐƌŝŐŚƚƐŝŶƐƵĐŚĚĂƚĂ͕ƚŽƵƐĞƚŚĞ E'/E ZĂƚĂĨŽƌŽƚŚĞƌƉƵƌƉŽƐĞƐ͘ EŽƚŚŝŶŐŝŶƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚďĞĐŽŶƐƚƌƵĞĚŝŶĂŶLJǁĂLJƚŽƌĞůŝĞǀĞ E'/E ZĨƌŽŵŝƚƐŽďůŝŐĂƚŝŽŶƚŽĐŽŵƉůĞƚĞƚŚĞƐĞƌǀŝĐĞƐ ' ĂŶĚͬŽƌĚĞůŝǀĞƌĂďůĞƐĚĞƐĐƌŝďĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚĨŽƌĂƐƵŵŶŽƚƚŽĞdžĐĞĞĚƚŚĂƚŝƐƐĞƚĨŽƌƚŚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͘ E'/E ZŝƐŶŽƚĂƵƚŚŽƌŝnjĞĚƚŽĚŝƌĞĐƚƚŚĞǁŽƌŬŽĨŽŶƚƌĂĐƚŽƌ͕ƵŶůĞƐƐŝƚLJŝƐŐŝǀĞŶƐƵĐŚĂƵƚŚŽƌŝƚLJ͕ŝŶǁƌŝƚŝŶŐ͕ďLJKǁŶĞƌ͘ ( E'/E ZĐŽŵŵƵŶŝĐĂƚŝŽŶƐŚĂůůďĞĚŝƌĞĐƚůLJǁŝƚŚKǁŶĞƌ͛ƐƌĞƉƌĞƐĞŶƚĂƚŝǀĞ;ŽŶƐƚƌƵĐƚŝŽŶĨŽƌĞŵĞŶŽƌƐƵƉĞƌŝŶƚĞŶĚĞŶƚŽƌ ŽƚŚĞƌŵĞŵďĞƌŝĚĞŶƚŝĨŝĞĚĂƐWƌŽũĞĐƚDĂŶĂŐĞƌͿ͕ĂŶĚƚŽŝƚLJ ŶŐŝŶĞĞƌŽƌŚŝƐĚĞƐŝŐŶĞĞ͘ ^^/'ED Ed $57,&/(ŝƐ ŽŶƚƌĂĐƚ͘ ĐŽƉLJŽĨĂŶLJĂŶĚĂůůƐƵďĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚƐŵƵƐƚďĞƐĞŶƚƚŽƚŚĞ/dz͛ƐƵƚŚŽƌŝnjĞĚŐĞŶƚĂĨƚĞƌĞdžĞĐƵƚŝŽŶŽĨƚŚĞƐƵď % ĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚĂŶĚƉƌŝŽƌƚŽǁŽƌŬƐƚĂƌƚŝŶŐƵŶĚĞƌƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚ͘ D ED Ed^͕,E' KZ Z^͕D Z' Z͕KhEd ZWZd^͕Et/s Z $57,&/( ŵĞŶĚŵĞŶƚƐƚŽƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞĐŽŶƐŝĚĞƌĞĚŽŶůLJĨŽƌƵŶĨŽƌĞƐĞĞŶǁŽƌŬŽƌƐĞƌǀŝĐĞƐƚŚĂƚǁĞƌĞĞdžĐůƵĚĞĚŝŶƚŚĞ^ĐŽƉĞŽĨ $ tŽƌŬ͕ĞŶƚŝƚůĞĚ͞ĞƚĂŝůĞĚ^ĐŽƉĞŽĨtŽƌŬ͕͟ĂŶĚƚŚĂƚĂƌĞĐŽŶƐŝĚĞƌĞĚĞƐƐĞŶƚŝĂůƚŽƚŚĞǁŽƌŬ͘ŶLJǁƌŝƚƚĞŶĐůĂŝŵŵĂĚĞďLJ E'/E ZĨŽƌĞdžƚƌĂǁŽƌŬŽƌĐŽƐƚƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚƚŚĂƚŚĂƐďĞĞŶĂƉƉƌŽǀĞĚďLJƚŚĞ/dzΖƐƵƚŚŽƌŝnjĞĚŐĞŶƚŵƵƐƚďĞ ĞǀŝĚĞŶĐĞĚďLJĂŶĂŵĞŶĚŵĞŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚ͘ŵĞŶĚŵĞŶƚƐŵƵƐƚďĞŝŶǁƌŝƚŝŶŐĂŶĚĞdžĞĐƵƚĞĚĂŶĚĂƉƉƌŽǀĞĚďLJƚŚĞƐĂŵĞ ƉĂƌƚŝĞƐĂŶĚŽĨĨŝĐŝĂůƐǁŚŽĞdžĞĐƵƚĞĚĂŶĚĂƉƉƌŽǀĞĚƚŚĞŽƌŝŐŝŶĂůŽŶƚƌĂĐƚ͕ŽƌƚŚĞŝƌƐƵĐĐĞƐƐŽƌƐŝŶŽĨĨŝĐĞ͘ E'/E ZŵƵƐƚŶŽƚŝĨLJ /dz͛ƐWƌŽũĞĐƚDĂŶĂŐĞƌŝŶǁƌŝƚŝŶŐŝĨ E'/E ZǁŝůůďĞĚĞůĂLJĞĚŝŶĂŶLJǁĂLJĨƌŽŵĐŽŵƉůĞƚŝŶŐƚŚĞƉƌŽũĞĐƚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘ dŚĞǁŽƌŬƚŽďĞĚŽŶĞŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚŵĂLJďĞĐŚĂŶŐĞĚĂƚƚŚĞƌĞƋƵĞƐƚŽĨ/dz͕ǁŝƚŚƚŚĞŵƵƚƵĂůĐŽŶĐƵƌƌĞŶĐĞ % ŽĨ E'/E Z͘ŶLJĐŚĂŶŐĞǁŝůůďĞĐůĞĂƌůLJĂŶĚĨƵůůLJĚĞĨŝŶĞĚŝŶǁƌŝƚŝŶŐ͕ĂŶĚĂƉƉƌŽǀĞĚďLJďŽƚŚƉĂƌƚŝĞƐ͘ŚĂŶŐĞŽƌĚĞƌƐŵƵƐƚ ďĞĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞďĂƐŝĐƉƵƌƉŽƐĞŽĨƚŚŝƐŽŶƚƌĂĐƚĂŶĚǁŝƚŚŝŶƚŚĞŐĞŶĞƌĂů^ĐŽƉĞŽĨ^ĞƌǀŝĐĞƐŝĚĞŶƚŝĨŝĞĚŝŶƚŚĞ^ƉĞĐŝĂů ŽŶĚŝƚŝŽŶƐ͘ dŚŝƐŽŶƚƌĂĐƚĐŽŶƐƚŝƚƵƚĞƐƚŚĞĞŶƚŝƌĞĂŐƌĞĞŵĞŶƚďĞƚǁĞĞŶƚŚĞƉĂƌƚŝĞƐ͘EŽǁĂŝǀĞƌ͕ĐŽŶƐĞŶƚ͕ŵŽĚŝĨŝĐĂƚŝŽŶŽƌĐŚĂŶŐĞŽĨƚĞƌŵƐ & ŽĨƚŚŝƐŽŶƚƌĂĐƚƐŚĂůůďŝŶĚĞŝƚŚĞƌƉĂƌƚLJƵŶůĞƐƐŝŶǁƌŝƚŝŶŐĂŶĚƐŝŐŶĞĚďLJďŽƚŚƉĂƌƚŝĞƐ͘^ƵĐŚǁĂŝǀĞƌ͕ĐŽŶƐĞŶƚ͕ŵŽĚŝĨŝĐĂƚŝŽŶŽƌ ĐŚĂŶŐĞ͕ŝĨŵĂĚĞ͕ƐŚĂůůďĞĞĨĨĞĐƚŝǀĞŽŶůLJŝŶƚŚĞƐƉĞĐŝĨŝĐŝŶƐƚĂŶĐĞĂŶĚĨŽƌƚŚĞƐƉĞĐŝĨŝĐƉƵƌƉŽƐĞŐŝǀĞŶ͘dŚĞƌĞĂƌĞŶŽ ƵŶĚĞƌƐƚĂŶĚŝŶŐƐ͕ĂŐƌĞĞŵĞŶƚƐŽƌƌĞƉƌĞƐĞŶƚĂƚŝŽŶƐ͕ŽƌĂůŽƌǁƌŝƚƚĞŶ͕ŶŽƚƐƉĞĐŝĨŝĞĚŚĞƌĞŝŶƌĞŐĂƌĚŝŶŐƚŚŝƐŽŶƚƌĂĐƚ͘ E'/E Z͕ ďLJƚŚĞƐŝŐŶĂƚƵƌĞďĞůŽǁŽĨŝƚƐĂƵƚŚŽƌŝnjĞĚƌĞƉƌĞƐĞŶƚĂƚŝǀĞ͕ŚĞƌĞďLJĂĐŬŶŽǁůĞĚŐĞƐƚŚĂƚƚŚĞ E'/E ZŚĂƐƌĞĂĚƚŚŝƐŽŶƚƌĂĐƚ͕ ƵŶĚĞƌƐƚĂŶĚƐŝƚĂŶĚĂŐƌĞĞƐƚŽďĞďŽƵŶĚďLJŝƚƐƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐ͘ dŚŝƐŽŶƚƌĂĐƚŵĂLJďĞĞdžĞĐƵƚĞĚŝŶŽŶĞŽƌŵŽƌĞĐŽƵŶƚĞƌƉĂƌƚƐ͕ĞĂĐŚŽĨǁŚŝĐŚƐŚĂůůďĞĚĞĞŵĞĚƚŽďĞĂŶŽƌŝŐŝŶĂů͕ďƵƚĂůůŽĨ ' ǁŚŝĐŚƚŽŐĞƚŚĞƌƐŚĂůůĐŽŶƐƚŝƚƵƚĞƚŚĞƐĂŵĞŽŶƚƌĂĐƚ͘ KDW>/E t/d,>/ E^ ^͕W ZD/d^͕EKd, ZZ 'h>d/KE^ $57,&/( E'/E ZƐŚĂůůƉƌŽĐƵƌĞĂůůůŝĐĞŶƐĞƐ͕ĐĞƌƚŝĨŝĐĂƚŝŽŶƐ͕ĞĚƵĐĂƚŝŽŶ͕ƉĞƌŵŝƚƐ͕ŽƌŽƚŚĞƌƌŝŐŚƚƐŶĞĐĞƐƐĂƌLJƚŽĨƵůĨŝůůŝƚƐŽďůŝŐĂƚŝŽŶƐ $ ƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚĂůůĂƉƉůŝĐĂďůĞĨĞĚĞƌĂůĂŶĚƐƚĂƚĞůĂǁƐ͘ dWZd/ ^E/Ed >> dh>WZKW Zdz $57,&/( dŚĞDŝŶŶĞƐŽƚĂ'ŽǀĞƌŶŵĞŶƚĂƚĂWƌĂĐƚŝĐĞƐĐƚ͕DŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐŚĂƉƚĞƌϭϯ͕ĂƉƉůŝĞƐƚŽĂůůĚĂƚĂĐƌĞĂƚĞĚ͕ŐĂƚŚĞƌĞĚ͕ $ ŐĞŶĞƌĂƚĞĚ͕ŽƌĂĐƋƵŝƌĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚ͘ ŶLJƌĞƉŽƌƚƐ͕ƐƚƵĚŝĞƐ͕ƉŚŽƚŽŐƌĂƉŚƐ͕ŶĞŐĂƚŝǀĞƐ͕ŽƌŽƚŚĞƌĚŽĐƵŵĞŶƚƐĐƌĞĂƚĞĚĂŶĚƉĂŝĚĨŽƌďLJ E'/E ZŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞ % ŽĨŝƚƐŽďůŝŐĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚĂƌĞŝŶƐƚƌƵŵĞŶƚƐŽĨƐĞƌǀŝĐĞŝŶƌĞƐƉĞĐƚƚŽ E'/E Z͛ƐƐĞƌǀŝĐĞƐĂŶĚĂƌĞƚŚĞĞdžĐůƵƐŝǀĞ ƉƌŽƉĞƌƚLJŽĨ/dz͘ E'/E ZŵƵƐƚƌĞŵŝƚĂůůƐƵĐŚŵĂƚĞƌŝĂůƐƚŽ/dzƵƉŽŶĐŽŵƉůĞƚŝŽŶŽƌĐĂŶĐĞůůĂƚŝŽŶŽĨƚŚŝƐŽŶƚƌĂĐƚ͘dŚĞ /dzǁŝůůŝŶĚĞŵŶŝĨLJ E'/E ZĨŽƌĐůĂŝŵƐƌĞƐƵůƚŝŶŐĨƌŽŵĂŶLJƌĞƵƐĞŽĨƐƵĐŚŵĂƚĞƌŝĂůƐďĞLJŽŶĚƚŚĞƐĐŽƉĞŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ dŚĞŝƚLJƐŚĂůůŐƌĂŶƚƚŚĞ E'/E ZĂŶŽŶͲĞdžĐůƵƐŝǀĞůŝĐĞŶƐĞ͕ƚŽƚŚĞĞdžƚĞŶƚŽĨƚŚĞ/dzΖƐƌŝŐŚƚƐŝŶƐƵĐŚĚĂƚĂ͕ƚŽƵƐĞƚŚĞ E'/E ZĂƚĂĨŽƌŽƚŚĞƌƉƵƌƉŽƐĞƐ͘ E'/E ZǁĂŝǀĞƐĂůůĐůĂŝŵƐĂŐĂŝŶƐƚƚŚĞ/dzƌĞƐƵůƚŝŶŐŝŶĂŶLJǁĂLJĨƌŽŵĂŶLJƌĞƵƐĞŽĨ ƚŚĞ E'/E Z͘ hŶůĞƐƐŽƚŚĞƌǁŝƐĞĚŝƌĞĐƚĞĚďLJ/dz͕ƚŚĞŽƌŝŐŝŶĂůƐŽĨƌĞƉŽƌƚƐ͕ƚĞƐƚƐ͕ĚƌĂǁŝŶŐƐĂŶĚƉůĂŶƐ͖ĂŶĚůĞŐŝďůLJƌĞƉƌŽĚƵĐŝďůĞĐŽƉŝĞƐŽĨ & ǁŽƌŬƐŚĞĞƚƐ͕ĨŝĞůĚŶŽƚĞƐ͕ĐŽŵƉƵƚĂƚŝŽŶƐ͕ƉŚŽƚŽƐ͕ƚĞƐƚƌĞƐƵůƚƐ͕ĂŶĚŽƚŚĞƌƉƌŽũĞĐƚĚĂƚĂŵƵƐƚďĞƌĞůŝŶƋƵŝƐŚĞĚƚŽ/dz͗ ϭ͘hƉŽŶǁƌŝƚƚĞŶŶŽƚŝĐĞŽĨĐŽŵƉůĞƚŝŽŶŽƌĐĂŶĐĞůůĂƚŝŽŶŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ Ϯ͘hƉŽŶǁƌŝƚƚĞŶŶŽƚŝĨŝĐĂƚŝŽŶďLJ/dz͘ ϯ͘WƌŝŽƌƚŽĨŝŶĂůƉĂLJŵĞŶƚďLJ/dzƚŽ E'/E ZĨŽƌƚŚŝƐŽŶƚƌĂĐƚ͘ ͘EŽƚǁŝƚŚƐƚĂŶĚŝŶŐƚŚĞĂďŽǀĞƉĂƌĂŐƌĂƉŚƐ͕ǁŽƌŬƉĂƉĞƌƐ͕ƉƌŽƉƌŝĞƚĂƌLJŝŶĨŽƌŵĂƚŝŽŶ͕ƉƌŽĐĞƐƐĞƐ͕ŵĞƚŚŽĚŽůŽŐŝĞƐ͕ŬŶŽǁͲŚŽǁĂŶĚ ƐŽĨƚǁĂƌĞ;͞ E'/E ZĂƚĂ͟ͿƉƌĞǀŝŽƵƐůLJďĞůŽŶŐŝŶŐŽƌůŝĐĞŶƐĞĚƚŽ E'/E ZĂŶĚƵƐĞĚƚŽƉĞƌĨŽƌŵ E'/E Z͛ƐƐĞƌǀŝĐĞƐƐŚĂůů ƌĞŵĂŝŶƚŚĞƉƌŽƉĞƌƚLJŽĨ E'/E Z͘ E'/E ZƐŚĂůůƌĞƚĂŝŶĂŶŽǁŶĞƌƐŚŝƉĂŶĚƉƌŽƉĞƌƚLJŝŶƚĞƌĞƐƚƚŚĞƌĞŝŶ;ŝŶĐůƵĚŝŶŐƚŚĞĐŽƉLJƌŝŐŚƚ ĂŶĚƚŚĞƌŝŐŚƚŽĨƌĞƵƐĞĂƚƚŚĞĚŝƐĐƌĞƚŝŽŶŽĨƚŚĞ E'/E ZͿ͕ǁŚĞƚŚĞƌŽƌŶŽƚƚŚĞWƌŽũĞĐƚŝƐĐŽŵƉůĞƚĞĚ͘dŽƚŚĞĞdžƚĞŶƚƚŚĞƐĞƌǀŝĐĞƐ ƉĞƌĨŽƌŵĞĚďLJ E'/E ZĐŽŶƚĂŝŶ E'/E ZĂƚĂ͕ E'/E ZŚĞƌĞďLJŐƌĂŶƚƐƚŽ/dzĂŶŽŶͲĞdžĐůƵƐŝǀĞ͕ŶŽŶͲĂƐƐŝŐŶĂďůĞ͕ƌŽLJĂůƚLJͲ ĨƌĞĞ͕ŝƌƌĞǀŽĐĂďůĞůŝĐĞŶƐĞƚŽƵƐĞƐƵĐŚ E'/E ZĂƚĂĨŽƌƚŚĞƉƵƌƉŽƐĞƐƐĞƚĨŽƌƚŚŚĞƌĞŝŶ͕ƐƵďũĞĐƚƚŽƚŚĞĨŽůůŽǁŝŶŐůŝŵŝƚĂƚŝŽŶƐ͗ ƐƵĐŚ E'/E ZĂƚĂĂƌĞŶŽƚŝŶƚĞŶĚĞĚŽƌƌĞƉƌĞƐĞŶƚĞĚƚŽďĞƐƵŝƚĂďůĞĨŽƌƵƐĞŽƌƌĞƵƐĞďLJ/dzŽŶĞdžƚĞŶƐŝŽŶŽĨƚŚĞWƌŽũĞĐƚŽƌ ŽŶĂŶLJŽƚŚĞƌƉƌŽũĞĐƚǁŝƚŚŽƵƚǁƌŝƚƚĞŶǀĞƌŝĨŝĐĂƚŝŽŶŽƌĂĚĂƉƚĂƚŝŽŶďLJ E'/E ZĂŶĚĂŶLJƐƵĐŚƌĞƵƐĞŽƌŵŽĚŝĨŝĐĂƚŝŽŶŽĨƚŚĞ E'/E ZĂƚĂǁŝƚŚŽƵƚƚŚĞǁƌŝƚƚĞŶǀĞƌŝĨŝĐĂƚŝŽŶŽƌĂĚĂƉƚĂƚŝŽŶďLJ E'/E ZƐŚĂůůďĞĚŽŶĞĂƚ/dz͛ƐƐŽůĞƌŝƐŬĂŶĚǁŝƚŚŽƵƚ ůŝĂďŝůŝƚLJƚŽ E'/E Z͘ >//>/dz $57,&/( 'ĞŶĞƌĂůͲ,ĂǀŝŶŐĐŽŶƐŝĚĞƌĞĚƚŚĞƉŽƚĞŶƚŝĂůůŝĂďŝůŝƚŝĞƐƚŚĂƚŵĂLJĞdžŝƐƚĚƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞ^ĞƌǀŝĐĞƐ͕ƚŚĞďĞŶĞĨŝƚƐ $ ŽĨƚŚĞƉƌŽũĞĐƚ͕ĂŶĚƚŚĞ E'/E Z͛ƐĨĞĞĨŽƌƚŚĞ^ĞƌǀŝĐĞƐ͕ĂŶĚŝŶĐŽŶƐŝĚĞƌĂƚŝŽŶŽĨƚŚĞƉƌŽŵŝƐĞƐĐŽŶƚĂŝŶĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ /dzĂŶĚ E'/E ZĂŐƌĞĞƚŽĂůůŽĐĂƚĞĂŶĚůŝŵŝƚƐƵĐŚůŝĂďŝůŝƚŝĞƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐƌƚŝĐůĞ͘ /ŶĚĞŵŶŝĨŝĐĂƚŝŽŶͲ E'/E ZĂŶĚ/dz;ƚŚĞ͞/ŶĚĞŵŶŝĨLJŝŶŐWĂƌƚLJ͟ͿƐŚĂůůďĞůŝĂďůĞĨŽƌŝƚƐŽǁŶŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐĂŶĚ % ŽŵŝƐƐŝŽŶƐƚŽƚŚĞĞdžƚĞŶƚƉƌŽǀŝĚĞĚďLJůĂǁĂŶĚƐƵďũĞĐƚƚŽƚŚĞ/dz͛ƐĐĂƉŽŶŵƵŶŝĐŝƉĂůƚŽƌƚůŝĂďŝůŝƚLJƵŶĚĞƌDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐ ^ĞĐƚŝŽŶϰϲϲ͘Ϭϰ͕ĂŶĚŚĞƌĞďLJĂŐƌĞĞƐƚŽĚĞĨĞŶĚ͕ŝŶĚĞŵŶŝĨLJ͕ĂŶĚŚŽůĚŚĂƌŵůĞƐƐƚŚĞŽƚŚĞƌ;͞ƚŚĞ/ŶĚĞŵŶŝĨŝĞĚWĂƌƚLJ͟Ϳ͕ĨƌŽŵ ĂŶLJůŝĂďŝůŝƚLJ͕ĚĂŵĂŐĞƐ͕ĂŶĚĐŽƐƚƐĂƌŝƐŝŶŐĨƌŽŵƚŚĞŶĞŐůŝŐĞŶƚĂĐƚƐŽĨ E'/E ZĂŶĚ/dzĂŶĚĂŶLJŽŶĞĨŽƌǁŚŽƐĞŶĞŐůŝŐĞŶƚ ĂĐƚƐƚŚĞLJŵĂLJďĞůŝĂďůĞĨŽƌŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽĨĞƐƐŝŽŶĂůƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚŝĐŚƚŚĞ/ŶĚĞŵŶŝĨŝĞĚ WĂƌƚLJ͕ŝƚƐŽĨĨŝĐĞƌƐĂŶĚĞŵƉůŽLJĞĞƐŵĂLJŚĞƌĞĂĨƚĞƌƐƵƐƚĂŝŶ͕ŝŶĐƵƌŽƌďĞƌĞƋƵŝƌĞĚƚŽƉĂLJƚŽƚŚĞĨƵůůĞĨĨĞĐƚƉƌŽǀŝĚĞĚďLJ DŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐŚĂƉƚĞƌϯϯϳ͕ƚŽƚŚĞĞdžƚĞŶƚƚŚĞ E'/E ZĂŶĚ/dzĂƌĞƌĞƐƉŽŶƐŝďůĞĨŽƌƐƵĐŚůŝĂďŝůŝƚLJ͕ĐŽƐƚƐ͕ĚĂŵĂŐĞƐ͕ ŝŶĐůƵĚŝŶŐƌĞĂƐŽŶĂďůĞĂƚƚŽƌŶĞLJƐ͛ĨĞĞƐ͘/ŶƚŚĞĞǀĞŶƚĐůĂŝŵƐ͕ůŽƐƐĞƐ͕ĚĂŵĂŐĞƐ͕ŽƌĞdžƉĞŶƐĞƐĂƌĞĐĂƵƐĞĚďLJƚŚĞũŽŝŶƚŽƌ ĐŽŶĐƵƌƌĞŶƚŶĞŐůŝŐĞŶĐĞŽĨ E'/E ZĂŶĚ/dz͕ƚŚĞLJƐŚĂůůďĞďŽƌŶĞďLJĞĂĐŚƉĂƌƚLJŝŶƉƌŽƉŽƌƚŝŽŶƚŽŝƚƐŽǁŶŶĞŐůŝŐĞŶĐĞ͘ ^ƵƌǀŝǀĂůͲhƉŽŶĐŽŵƉůĞƚŝŽŶŽĨĂůůƐĞƌǀŝĐĞƐ͕ŽďůŝŐĂƚŝŽŶƐ͕ĂŶĚĚƵƚŝĞƐƉƌŽǀŝĚĞĚĨŽƌŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ŽƌŝĨƚŚŝƐŽŶƚƌĂĐƚŝƐ & ƚĞƌŵŝŶĂƚĞĚĨŽƌĂŶLJƌĞĂƐŽŶ͕ƚŚĞƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐƌƚŝĐůĞƐŚĂůůƐƵƌǀŝǀĞ͘ tKZ< Z^ΖKDW E^d/KE $57,&/( ŶLJĂŶĚĂůůĞŵƉůŽLJĞĞƐŽĨ E'/E Z͕ŝŶĐůƵĚŝŶŐŝƚƐƐƵďĐŽŶƐƵůƚĂŶƚƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶƐǁŚŝůĞĞŶŐĂŐĞĚŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨ $ ĂŶLJǁŽƌŬŽƌƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚďLJ E'/E ZƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ǁŝůůŶŽƚďĞĐŽŶƐŝĚĞƌĞĚĞŵƉůŽLJĞĞƐŽĨ/dz͘ŶLJĂŶĚĂůů ĐůĂŝŵƐƚŚĂƚŵĂLJĂƌŝƐĞƵŶĚĞƌƚŚĞtŽƌŬĞƌƐΖŽŵƉĞŶƐĂƚŝŽŶĐƚŽĨDŝŶŶĞƐŽƚĂŽŶďĞŚĂůĨŽĨƐĂŝĚĞŵƉůŽLJĞĞƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶƐ ǁŚŝůĞƐŽĞŶŐĂŐĞĚ͕ĂŶĚĂŶLJĂŶĚĂůůĐůĂŝŵƐŵĂĚĞďLJĂŶLJƚŚŝƌĚƉĂƌƚLJĂƐĂĐŽŶƐĞƋƵĞŶĐĞŽĨĂŶLJĂĐƚŽƌŽŵŝƐƐŝŽŶŽŶƚŚĞƉĂƌƚŽĨ E'/E ZΖƐĞŵƉůŽLJĞĞƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶǁŚŝůĞƐŽĞŶŐĂŐĞĚŽŶĂŶLJŽĨƚŚĞǁŽƌŬŽƌƐĞƌǀŝĐĞƐƚŽďĞƌĞŶĚĞƌĞĚ͕ǁŝůůŝŶŶŽǁĂLJ ďĞƚŚĞŽďůŝŐĂƚŝŽŶŽƌƌĞƐƉŽŶƐŝďŝůŝƚLJŽĨ/dz͘WƵƌƐƵĂŶƚƚŽDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐϭϳϲ͘ϭϴϮ͕ĂĐĐĞƉƚĂďůĞĞǀŝĚĞŶĐĞŽĨĐŽŵƉůŝĂŶĐĞ ǁŝƚŚtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞƌĞƋƵŝƌĞŵĞŶƚƐŵƵƐƚďĞƉƌĞƐĞŶƚĞĚƚŽ/dzďĞĨŽƌĞ/dzŵĂLJĞŶƚĞƌŝŶƚŽĂ ĐŽŶƚƌĂĐƚǁŝƚŚ E'/E Z͘ KE^ $57,&/( dŚŝƐƌƚŝĐůĞŝƐŚĞƌĞďLJĚĞůĞƚĞĚ͘ /E^hZE $57,&/( ĐĞƌƚŝĨŝĐĂƚĞŽĨŝŶƐƵƌĂŶĐĞĨŽƌĞĂĐŚƚLJƉĞŽĨŝŶƐƵƌĂŶĐĞƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚďĞĨŝůĞĚǁŝƚŚƚŚĞ/dz͛ƐƵƚŚŽƌŝnjĞĚ $ ŐĞŶƚƉƌŝŽƌƚŽĞdžĞĐƵƚŝŽŶŽĨƚŚĞŽŶƚƌĂĐƚďLJŝƚLJ͘ ĂĐŚƉŽůŝĐLJŵƵƐƚĐŽŶƚĂŝŶĂƌĞƋƵŝƌĞŵĞŶƚƚŚĂƚƚŚĞŝŶƐƵƌĞƌƉƌŽǀŝĚĞƚŚĞ /dzĂϯϬͲĚĂLJŶŽƚŝĐĞŽĨĐĂŶĐĞůůĂƚŝŽŶ͘ E'/E ZŵƵƐƚŵĂŝŶƚĂŝŶĂŶĚĨƵƌŶŝƐŚƐĂƚŝƐĨĂĐƚŽƌLJĞǀŝĚĞŶĐĞŽĨƚŚĞĨŽůůŽǁŝŶŐŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐ͗ % ϭ͘ E'/E ZƐŚĂůůƉƌŽĐƵƌĞĂŶĚŵĂŝŶƚĂŝŶĨŽƌƚŚĞƚĞƌŵŽĨƚŚĞŽŶƚƌĂĐƚ͕ŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞĂƐŝƐƌĞĂƐŽŶĂďůĞĂŶĚŶĞĐĞƐƐĂƌLJ ĨŽƌƉĞƌĨŽƌŵĞĚƐĞƌǀŝĐĞƐďLJ E'/E ZĂŶĚŝƚƐĞŵƉůŽLJĞĞƐ͘ Ϯ͘dŚĞ E'/E ZƐŚĂůůďĞƌĞƐƉŽŶƐŝďůĞĨŽƌŽďƚĂŝŶŝŶŐƐĞƉĂƌĂƚĞĐĞƌƚŝĨŝĐĂƚĞƐĂŶĚĞŶĚŽƌƐĞŵĞŶƚƐĨŽƌĞĂĐŚƐƵďĐŽŶƐƵůƚĂŶƚ͘ E'/E ZƐŚĂůůĚĞƚĞƌŵŝŶĞƚŚĞĂƉƉƌŽƉƌŝĂƚĞůĞǀĞůŽĨŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞĂŶĚůŝŵŝƚƐĨƌŽŵŝƚƐƐƵďĐŽŶƐƵůƚĂŶƚƐ͘ ϯ͘tŽƌŬĞƌƐΖŽŵƉĞŶƐĂƚŝŽŶ/ŶƐƵƌĂŶĐĞ͗ E'/E ZǁŝůůƉƌŽǀŝĚĞtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞĨŽƌĂůů E'/E Z ĞŵƉůŽLJĞĞƐĂŶĚ͕ŝŶĐĂƐĞĂŶLJǁŽƌŬŝƐƐƵďĐŽŶƚƌĂĐƚĞĚ͕ E'/E ZǁŝůůƌĞƋƵŝƌĞƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚƚŽƉƌŽǀŝĚĞtŽƌŬĞƌƐ͛ ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞƐƚĂƚƵƚŽƌLJƌĞƋƵŝƌĞŵĞŶƚƐŽĨ/dzŽĨDŝŶŶĞƐŽƚĂ͕ĂŶĚŝŶĐůƵĚŝŶŐŽǀĞƌĂŐĞ ͕ ŵƉůŽLJĞƌ͛Ɛ>ŝĂďŝůŝƚLJ͕ĂƚůŝŵŝƚƐŶŽƚůĞƐƐƚŚĂŶΨϭϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůLJŝŶũƵƌLJďLJĚŝƐĞĂƐĞƉĞƌĞŵƉůŽLJĞĞ͖ΨϱϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůLJ ŝŶũƵƌLJďLJĚŝƐĞĂƐĞĂŐŐƌĞŐĂƚĞ͖ĂŶĚΨϭϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůLJŝŶũƵƌLJďLJĂĐĐŝĚĞŶƚ͘ ǀŝĚĞŶĐĞŽĨƐƵďĐŽŶƐƵůƚĂŶƚ͚ƐŝŶƐƵƌĂŶĐĞƐŚĂůů ďĞĨŝůĞĚǁŝƚŚƚŚĞ E'/E Z͘ ϰ͘ŽŵŵĞƌĐŝĂů'ĞŶĞƌĂů>ŝĂďŝůŝƚLJ͗ E'/E ZǁŝůůŵĂŝŶƚĂŝŶŝŶƐƵƌĂŶĐĞƉƌŽƚĞĐƚŝŶŐ E'/E ZĨƌŽŵĐůĂŝŵƐĨŽƌĚĂŵĂŐĞƐĨŽƌ ďŽĚŝůLJŝŶũƵƌLJ͕ŝŶĐůƵĚŝŶŐƐŝĐŬŶĞƐƐŽƌĚŝƐĞĂƐĞ͕ĚĞĂƚŚ͕ĂŶĚĨŽƌĐĂƌĞĂŶĚůŽƐƐŽĨƐĞƌǀŝĐĞƐĂƐǁĞůůĂƐĨƌŽŵĐůĂŝŵƐĨŽƌƉƌŽƉĞƌƚLJ ĚĂŵĂŐĞŝŶĐůƵĚŝŶŐůŽƐƐŽĨƵƐĞǁŚŝĐŚŵĂLJĂƌŝƐĞĨƌŽŵŽƉĞƌĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚĞƚŚĞƌƐƵĐŚŽƉĞƌĂƚŝŽŶƐďĞďLJ E'/E ZŽƌďLJĂƐƵďĐŽŶƐƵůƚĂŶƚŽƌďLJĂŶLJŽŶĞĚŝƌĞĐƚůLJŽƌŝŶĚŝƌĞĐƚůLJĞŵƉůŽLJĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘ E'/E Z͛Ɛ ůŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞƐŚĂůůďĞƉƌŝŵĂƌLJƚŽĂŶLJůŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞŵĂŝŶƚĂŝŶĞĚďLJƚŚĞŝƚLJ͘hŶůĞƐƐŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶ ƚŚŝƐŽŶƚƌĂĐƚ͕ E'/E Z͛ƐŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌŽĐĐƵƌƌĞŶĐĞ D Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲĂŶŶƵĂůĂŐŐƌĞŐĂƚĞ E /ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĨŽůůŽǁŝŶŐĐŽǀĞƌĂŐĞƐƐŚŽƵůĚďĞŝŶĐůƵĚĞĚ͗ ŽĚŝůLJ/ŶũƵƌLJĂŶĚWƌŽƉĞƌƚLJĂŵĂŐĞ D WƌŽĚƵĐƚƐĂŶĚŽŵƉůĞƚĞĚKƉĞƌĂƚŝŽŶƐ>ŝĂďŝůŝƚLJ E ůĂŶŬĞƚŽŶƚƌĂĐƚƵĂů>ŝĂďŝůŝƚLJ F EĂŵĞ/dzĂƐĂŶĚĚŝƚŝŽŶĂů/ŶƐƵƌĞĚ G ϱ͘ŽŵŵĞƌĐŝĂůƵƚŽŵŽďŝůĞ>ŝĂďŝůŝƚLJ͗ E'/E ZǁŝůůŵĂŝŶƚĂŝŶŝŶƐƵƌĂŶĐĞƉƌŽƚĞĐƚŝŶŐ E'/E ZĨƌŽŵĐůĂŝŵƐĨŽƌĚĂŵĂŐĞƐ ĨŽƌďŽĚŝůLJŝŶũƵƌLJ͕ŝŶĐůƵĚŝŶŐƐŝĐŬŶĞƐƐŽƌĚŝƐĞĂƐĞ͕ĚĞĂƚŚ͕ĂŶĚĨŽƌĐĂƌĞĂŶĚůŽƐƐŽĨƐĞƌǀŝĐĞƐ͕ĂƐǁĞůůĂƐĨƌŽŵĐůĂŝŵƐĨŽƌ ƉƌŽƉĞƌƚLJĚĂŵĂŐĞŝŶĐůƵĚŝŶŐůŽƐƐŽĨƵƐĞǁŚŝĐŚŵĂLJĂƌŝƐĞĨƌŽŵŽƉĞƌĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚĞƚŚĞƌƐƵĐŚŽƉĞƌĂƚŝŽŶƐ ǁĞƌĞďLJ E'/E ZŽƌďLJƐƵďĐŽŶƐƵůƚĂŶƚŽƌďLJĂŶLJŽŶĞĚŝƌĞĐƚůLJŽƌŝŶĚŝƌĞĐƚůLJĞŵƉůŽLJĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘hŶůĞƐƐ ŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ƚŚĞ E'/E ZŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌŽĐĐƵƌƌĞŶĐĞŽŵďŝŶĞĚ^ŝŶŐůĞůŝŵŝƚĨŽƌŽĚŝůLJ/ŶũƵƌLJĂŶĚWƌŽƉĞƌƚLJĂŵĂŐĞ /ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĨŽůůŽǁŝŶŐĐŽǀĞƌĂŐĞƐƐŚŽƵůĚďĞŝŶĐůƵĚĞĚ͗ KǁŶĞĚ͕,ŝƌĞĚ͕ĂŶĚEŽŶͲŽǁŶĞĚ EĂŵĞ/dzĂƐĂŶĚĚŝƚŝŽŶĂů/ŶƐƵƌĞĚ ϲ͘WƌŽĨĞƐƐŝŽŶĂů>ŝĂďŝůŝƚLJ/ŶƐƵƌĂŶĐĞ͗ hŶůĞƐƐŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ E'/E ZŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌĐůĂŝŵ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲĂŶŶƵĂůĂŐŐƌĞŐĂƚĞ dŚŝƐƉŽůŝĐLJǁŝůůƉƌŽǀŝĚĞĐŽǀĞƌĂŐĞĨŽƌĂůůĐůĂŝŵƐ E'/E ZǁŝůůďĞĐŽŵĞůĞŐĂůůLJŽďůŝŐĂƚĞĚƚŽƉĂLJƌĞƐƵůƚŝŶŐĨƌŽŵĂŶLJ ĂĐƚƵĂůŽƌĂůůĞŐĞĚŶĞŐůŝŐĞŶƚĂĐƚ͕ĞƌƌŽƌ͕ŽƌŽŵŝƐƐŝŽŶƌĞůĂƚĞĚƚŽ E'/E ZΖƐƉƌŽĨĞƐƐŝŽŶĂůƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐ ŽŶƚƌĂĐƚ͘ E'/E ZŵƵƐƚ͗ & ϭ͘/ŶĐůƵĚĞůĞŐĂůĚĞĨĞŶƐĞĨĞĞƐŝŶĂĚĚŝƚŝŽŶƚŽŝƚƐůŝĂďŝůŝƚLJƉŽůŝĐLJůŝŵŝƚƐ͕ǁŝƚŚƚŚĞĞdžĐĞƉƚŝŽŶŽĨWƌŽĨĞƐƐŝŽŶĂů>ŝĂďŝůŝƚLJ/ŶƐƵƌĂŶĐĞ ĂďŽǀĞ͖ĂŶĚ Ϯ͘KďƚĂŝŶŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐĨƌŽŵĂŶŝŶƐƵƌĂŶĐĞĐŽŵƉĂŶLJŚĂǀŝŶŐĂŶΗD ^dΗƌĂƚŝŶŐŽĨͲs///ŽƌďĞƚƚĞƌ͘ /dzƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽŝŵŵĞĚŝĂƚĞůLJƌĞƐĐŝŶĚƚŚŝƐŽŶƚƌĂĐƚŝĨ E'/E ZŝƐŶŽƚŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚƚŚĞŝŶƐƵƌĂŶĐĞ ' ƌĞƋƵŝƌĞŵĞŶƚƐĂŶĚƌĞƚĂŝŶƐĂůůƌŝŐŚƚƐƚŽƉƵƌƐƵĞĂŶLJůĞŐĂůƌĞŵĞĚŝĞƐĂŐĂŝŶƐƚ E'/E Z͘hƉŽŶǁƌŝƚƚĞŶƌĞƋƵĞƐƚďLJƚŚĞ/dzΖƐ ƵƚŚŽƌŝnjĞĚŐĞŶƚ͕ĂůůŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐƐŚĂůůďĞŽƉĞŶƚŽŝŶƐƉĞĐƚŝŽŶ͕ĂŶĚĐŽƉŝĞƐŽĨƉŽůŝĐŝĞƐŵĂLJďĞƌĞƋƵĞƐƚĞĚ͘ >/s Z> ^dEZ^ $57,&/( /dzǁŝůůŚĂǀĞƚŚĞĂƵƚŚŽƌŝƚLJƚŽĚŝƐĂƉƉƌŽǀĞŽƌƌĞũĞĐƚƐĞƌǀŝĐĞƐŽƌĚĞůŝǀĞƌĂďůĞƐƚŚĂƚĂƌĞĚĞĨĞĐƚŝǀĞ͘ E'/E ZǁŝůůďĞ $ ƌĞƐƉŽŶƐŝďůĞĨŽƌƚŚĞĂĐĐƵƌĂĐLJŽĨŝƚƐǁŽƌŬƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚĂŶĚŵƵƐƚŵĂŬĞƚŝŵĞůLJƌĞǀŝƐŝŽŶƐŽƌĐŽƌƌĞĐƚŝŽŶƐǁŝƚŚŽƵƚ ĐŽŵƉĞŶƐĂƚŝŽŶƌĞƐƵůƚŝŶŐĨƌŽŵĞƌƌŽƌƐĂŶĚŽŵŝƐƐŝŽŶƐŽŶƚŚĞƉĂƌƚŽĨ E'/E Z͘dŚĞƐĞƌǀŝĐĞƐŽƌĚĞůŝǀĞƌĂďůĞƐƉƌŽǀŝĚĞĚƚŽ/dz ďLJ E'/E ZŵƵƐƚďĞŽĨƐƵĐŚƋƵĂůŝƚLJƚŚĂƚƚŚĞLJĂƌĞƐƵŝƚĂďůĞĨŽƌƚŚĞŝƌŝŶƚĞŶĚĞĚƉƵƌƉŽƐĞ͘ E'/E Z͛ƐƐĞƌǀŝĐĞƐĂŶĚĐŽŵƉĞŶƐĂƚŝŽŶƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŚĂǀĞďĞĞŶĂŐƌĞĞĚƚŽŝŶĂŶƚŝĐŝƉĂƚŝŽŶŽĨƚŚĞŽƌĚĞƌůLJĂŶĚ % ĐŽŶƚŝŶƵŽƵƐƉƌŽŐƌĞƐƐŽĨƚŚĞWƌŽũĞĐƚƚŚŽƵŐŚĐŽŵƉůĞƚŝŽŶ͘hŶůĞƐƐƐƉĞĐŝĨŝĐƉĞƌŝŽĚƐŽĨƚŝŵĞŽƌƐƉĞĐŝĨŝĐĚĂƚĞƐĨŽƌƉƌŽǀŝĚŝŶŐ ƐĞƌǀŝĐĞƐĂƌĞƐƉĞĐŝĨŝĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ E'/E Z͛ƐŽďůŝŐĂƚŝŽŶƚŽƌĞŶĚĞƌƐĞƌǀŝĐĞƐŚĞƌĞƵŶĚĞƌǁŝůůďĞĨŽƌĂƉĞƌŝŽĚǁŚŝĐŚŵĂLJ ƌĞĂƐŽŶĂďůLJďĞƌĞƋƵŝƌĞĨŽƌƚŚĞĐŽŵƉůĞƚŝŽŶŽĨƐĂŝĚƐĞƌǀŝĐĞƐ͘ /ĨŝŶƚŚŝƐŽŶƚƌĂĐƚƐƉĞĐŝĨŝĐƉĞƌŝŽĚƐŽĨƚŝŵĞĨŽƌƌĞŶĚĞƌŝŶŐƐĞƌǀŝĐĞƐĂƌĞƐĞƚĨŽƌƚŚŽƌƐƉĞĐŝĨŝĐĚĂƚĞƐďLJǁŚŝĐŚƐĞƌǀŝĐĞƐĂƌĞƚŽďĞ & ĐŽŵƉůĞƚĞĚĂƌĞƉƌŽǀŝĚĞĚ͕ĂŶĚŝĨƐƵĐŚƉĞƌŝŽĚƐŽĨƚŝŵĞŽƌĚĂƚĞƐĂƌĞĐŚĂŶŐĞĚƚŚƌŽƵŐŚŶŽĨĂƵůƚŽĨ E'/E Z͕ƚŚĞƌĂƚĞƐĂŶĚ 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DĂƐƐĂŐĞdŚĞƌĂƉLJƵƐŝŶĞƐƐΨϮϮϬƉůƵƐΨϮϱϬŝŶǀĞƐƚŝŐĂƚŝŽŶĨĞĞΨϮϮϬƉůƵƐΨϮϱϬŝŶǀĞƐƚŝŐĂƚŝŽŶĨĞĞ DŽďŝůĞ&ŽŽĚhŶŝƚƐ DŽďŝůĞ&ŽŽĚhŶŝƚ>ŝĐĞŶƐĞΨϮϱϬ͘ϬϬΨϮϬϬ͘ϬϬ ŽǁŶƚŽǁŶŶLJƚŝŵĞKƉĞƌĂƚŝŽŶŽŶĞƐ;ϲĂŵͲŵŝĚŶŝŐŚƚͿͬƉĞƌŵŽŶƚŚΨϬ͘ϬϬΨϰϬ͘ϬϬ >ƵŶĐŚKƉĞƌĂƚŝŽŶŽŶĞƐ;ϵĂŵͲϮƉŵͿͬƉĞƌŵŽŶƚŚΨϬ͘ϬϬΨϭϬϬ͘ϬϬ >ĂƚĞEŝŐŚƚKƉĞƌĂƚŝŽŶŽŶĞƐ;ϵƉŵͲϮ͗ϯϬĂŵͿͬƉĞƌŵŽŶƚŚΨϬ͘ϬϬΨϱϬ͘ϬϬ ŽŶĞϮ;ϭƐƚǀĞ^tƐŽƵƚŚŽĨϮŶĚ^ƚ^tͿͬŶŝŐŚƚůLJΨϬ͘ϬϬΨϯϬ͘ϬϬ dĞŵƉŽƌĂƌLJDŽďŝůĞ&ŽŽĚhŶŝƚWĞƌŵŝƚ;ϭͲϰĚĂLJƐͿΨϯϬ͘ϬϬEͬ KƵƚĚŽŽƌŽŐWĞƌŵŝƚ;KŶĞͲƚŝŵĞĂƉƉůŝĐĂƚŝŽŶͿΨϯϬ͘ϬϬΨϮϱ͘ϬϬ WĂǁŶďƌŽŬĞƌƐΨϳϱϬ͘ϬϬΨϳϬϬ͘ϬϬ WƌŝǀĂƚĞĚƵůƚĂŶĐĞƌΨϯ͕ϮϬϬ͘ϬϬΨϯ͕ϬϬϬ͘ϬϬ ^ŝĚĞǁĂůŬĂĨĞƐͬ^ƚƌĞĞƚĂĨĞƐͬWĂƌŬůĞƚƐ;ϮLJĞĂƌƚĞƌŵͿΨϯϬϬ͘ϬϬΨϮϱϬ͘ϬϬ sĞŶĚŝŶŐĂƌƚ;&ŽŽĚĂƌƚsĞŶĚŝŶŐͿΨϯϳϱ͘ϬϬΨϯϱϬ͘ϬϬ ŽŶƚƌĂĐƚŽƌ>ŝĐĞŶƐĞƐ ,ĞĂƚŝŶŐŽŶƚƌĂĐƚŽƌƐΨϭϮϱ͘ϬϬΨϭϮϱ͘ϬϬ DĂƐƚĞƌ/ŶƐƚĂůůĞƌƐΨϲϬ͘ϬϬΨϲϬ͘ϬϬ ^ĞǁĞƌƐΘƌĂŝŶƐΨϵϬ͘ϬϬΨϵϬ͘ϬϬ ^ŝĚĞǁĂůŬƐͲĞŵĞŶƚΨϵϬ͘ϬϬΨϵϬ͘ϬϬ ^ŝĚĞǁĂůŬƐͲƐƉŚĂůƚΨϵϬ͘ϬϬΨϵϬ͘ϬϬ ^ŝŐŶƐͲ ƌĞĐƚΘDĂŝŶƚĂŝŶΨϵϬ͘ϬϬΨϵϬ͘ϬϬ dƌĞĞdƌŝŵŵĞƌΨϵϬ͘ϬϬΨϵϬ͘ϬϬ ŝƌĐƵƐ ŝƌĐƵƐůĂƐƐŵŝŶŝŵƵŵƉĞƌĚĂLJΨϲϬ͘ϬϬΨϲϬ͘ϬϬ ŝƌĐƵƐůĂƐƐŵĂdžŝŵƵŵƉĞƌĚĂLJΨϭϮϬ͘ϬϬΨϭϮϬ͘ϬϬ ŝƌĐƵƐůĂƐƐŵŝŶŝŵƵŵƉĞƌĚĂLJΨϯϬ͘ϬϬΨϯϬ͘ϬϬ ŝƌĐƵƐůĂƐƐŵĂdžŝŵƵŵƉĞƌĚĂLJΨϲϬ͘ϬϬΨϲϬ͘ϬϬ ŝƌĐƵƐůĂƐƐĨŝƌƐƚĚĂLJΨϮϬ͘ϬϬΨϮϬ͘ϬϬ ŝƌĐƵƐůĂƐƐĞĂĐŚƐƵĐĐĞĞĚŝŶŐĚĂLJΨϭϬ͘ϬϬΨϭϬ͘ϬϬ ŝƌĐƵƐůĂƐƐ;ƉĞƌĚĂLJͿΨϭϮϬ͘ϬϬΨϭϮϬ͘ϬϬ ĂƚĂWƌĂĐƚŝĐĞƐŚĂƌŐĞƐ ŽƉŝĞƐŽƌdƌĂŶƐŵŝƐƐŝŽŶŽĨ ůĞĐƚƌŽŶŝĐZĞĐŽƌĚƐĐƚƵĂůŽƐƚĐƚƵĂůŽƐƚ ŽƉŝĞƐŽƌdƌĂŶƐŵŝƐƐŝŽŶŽĨWĂƉĞƌZĞĐŽƌĚƐƵƉƚŽϭϬϬƉĂŐĞƐΨϬ͘ϮϱΨϬ͘Ϯϱ ŽƉŝĞƐŽƌdƌĂŶƐŵŝƐƐŝŽŶŽĨWĂƉĞƌZĞĐŽƌĚƐŽǀĞƌϭϬϬƉĂŐĞƐĐƚƵĂůŽƐƚĐƚƵĂůŽƐƚ 'ĂŵďůŝŶŐ 'ĂŵďůŝŶŐŶŶƵĂůΨϱϬϬ͘ϬϬΨϱϬϬ͘ϬϬ 'ĂŵďůŝŶŐ^ŝŶŐůĞΨϰϬ͘ϬϬΨϯϬ͘ϬϬ >ŝĐĞŶƐĞͬWĞƌŵŝƚZĞŶĞǁĂů>ĂƚĞ&ĞĞƐ ΨϬ͘ϬϬΨϬ͘ϬϬ ZĞŶĞǁĂůƐŶŽƚƐƵďŵŝƚƚĞĚĂƚůĞĂƐƚϯϬĚĂLJƐďĞĨŽƌĞĞdžƉŝƌĂƚŝŽŶ ΨϮϱ͘ϬϬΨϮϱ͘ϬϬ ^ƉĞĐŝĂů ǀĞŶƚ^ƵďŵŝƐƐŝŽŶƐǁŝƚŚŝŶϯϬĂLJƐŽĨĞǀĞŶƚĚĂƚĞ ϱϬйŽĨůŝĐĞŶƐĞͬƉĞƌŵŝƚĨĞĞϱϬйŽĨůŝĐĞŶƐĞͬƉĞƌŵŝƚĨĞĞ ZĞŶĞǁĂůƐƐƵďŵŝƚƚĞĚĂĨƚĞƌĞdžƉŝƌĂƚŝŽŶďƵƚŝŶƚŚĞĐƵƌƌĞŶƚůŝĐĞŶƐĞƚĞƌŵ dƌĂŶƐƉŽƌƚĂƚŝŽŶ>ŝĐĞŶƐĞƐ ƵƐ;ƉĞƌǀĞŚŝĐůĞͿΨϰϬ͘ϬϬΨϰϬ͘ϬϬ WĞĚĂůĂƌƵƐŝŶĞƐƐ&ƌĂŶĐŚŝƐĞΨϬ͘ϬϬΨϬ͘ϬϬ WĞĚĂůĂƌƌŝǀĞƌΖƐ>ŝĐĞŶƐĞΨϯϬ͘ϬϬΨϯϬ͘ϬϬ WĞĚĂůĂƌƵƐŝŶĞƐƐ>ŝĐĞŶƐĞΨϲϬ͘ϬϬΨϲϬ͘ϬϬ WƵďůŝĐdƌĂŶƐƉŽƌƚĂƚŝŽŶ>ŝĐĞŶƐĞΨϮϬϬ͘ϬϬΨϮϬϬ͘ϬϬ WƵďůŝĐdƌĂŶƐƉŽƌƚĂƚŝŽŶ&ƌĂŶĐŚŝƐĞΨϬ͘ϬϬΨϬ͘ϬϬ dĂdžŝĐĂď>ŝĐĞŶƐĞ;ƉĞƌǀĞŚŝĐůĞͿΨϰϬ͘ϬϬΨϰϬ͘ϬϬ dĂdžŝĐĂďƌŝǀĞƌƐΨϭϭϬ͘ϬϬΨϭϭϬ͘ϬϬ dĂdžŝƌŝǀĞƌ/ŶǀĞƐƚŝŐĂƚŝŽŶ&ĞĞΨϭϬϬ͘ϬϬΨϭϬϬ͘ϬϬ dƌĂŶƐƉŽƌƚĂƚŝŽŶEĞƚǁŽƌŬŽŵƉĂŶLJΨϲ͕ϬϬϬ͘ϬϬΨϲ͕ϬϬϬ͘ϬϬ KƚŚĞƌWĞƌŵŝƚƐ ĂŶŶĞƌƐͲZĞǀŽĐĂďůĞWĞƌŵŝƚΨϮϱ͘ϬϬΨϮϱ͘ϬϬ &ŝƌĞǁŽƌŬƐŝƐƉůĂLJ;ŝƚLJůĞƌŬĨĞĞŽŶůLJͿΨϲϬ͘ϬϬΨϲϬ͘ϬϬ 'ŽůĨĂƌƚƐΨϯϬ͘ϬϬΨϯϬ͘ϬϬ DŽǀŝŶŐWĞƌŵŝƚƐͲ'ĂƌĂŐĞΨϮϱ͘ϬϬΨϮϱ͘ϬϬ DŽǀŝŶŐWĞƌŵŝƚƐͲ,ŽƵƐĞΨϭϬϬ͘ϬϬΨϭϬϬ͘ϬϬ WĞĚĚůĞƌƐΨϳϱ͘ϬϬΨϳϱ͘ϬϬ WĞĚĚůĞƌƐͲ džĞŵƉƚ&ƌŽŵ>ŝĐĞŶƐĞΨϬ͘ϬϬΨϬ͘ϬϬ WĞĚĚůĞƌƐͲZĞůΘŚĂƌKƌŐĂŶŝnjĂƚŝŽŶƐΨϬ͘ϬϬΨϬ͘ϬϬ ZĞǀŽĐĂďůĞ^ŝŐŶ;ĚŝƐĂďůĞĚĐŚŝůĚͿΨϱϬ͘ϬϬΨϱϬ͘ϬϬ ^ƉĞĐŝĂů ǀĞŶƚͬ^ŽƵŶĚŵƉůŝĨŝĐĂƚŝŽŶΨϭϮϬ͘ϬϬΨϭϬϬ͘ϬϬ WĞƌĚĚŝƚŝŽŶĂůĂLJ;^ƉĞĐŝĂů ǀĞŶƚͬ^ŽƵŶĚŵƉůŝĨŝĐĂƚŝŽŶͿΨϯϬ͘ϬϬΨϮϱ͘ϬϬ EŽŶZĞŐƵůĂƚĞĚĐƚŝǀŝƚŝĞƐΨϬ͘ϬϬΨϬ͘ϬϬ DŝƐĐĞůůĂŶĞŽƵƐ ůĞĐƚŝŽŶ&ŝůŝŶŐ&ĞĞƐΨϱϬ͘ϬϬΨϱϬ͘ϬϬ tĂƌĚDĂƉƐsĂƌŝĂďůĞsĂƌŝĂďůĞ ZĞƉŽƌƚƐ͕DĂƉƐ͕ŽĚĞŬƐsĂƌŝĂďůĞsĂƌŝĂďůĞ WŚŽƚŽŽƉŝĞƐΨϬ͘ϮϱΨϬ͘Ϯϱ EŽƚĂƌLJΨϱ͘ϬϬΨϱ͘ϬϬ EŽƚĂƌLJtŝƚŶĞƐƐ&ĞĞƐΨϭ͘ϬϬΨϭ͘ϬϬ ŽŵĞƐƚŝĐƉĂƌƚŶĞƌƐŚŝƉΨϲϬ͘ϬϬΨϲϬ͘ϬϬ WƵďůŝĐtŽƌŬƐ ^ĞƌǀŝĐĞϮϬϮϲ&ĞĞϮϬϮϱ&ĞĞ ^ĂŶŝƚĂƌLJ^ĞǁĞƌĂŶĚtĂƚĞƌŵĂŝŶŽŶŶĞĐƚŝŽŶŚĂƌŐĞƉĞƌĨŽŽƚŽĨĨƌŽŶƚĂŐĞΨϭϱϲ͘ϲϰΨϭϱϮ͘ϱϮ ^ĂŶŝƚĂƌLJ^ĞǁĞƌKŶůLJƉĞƌĨŽŽƚŽĨĨƌŽŶƚĂŐĞΨϴϵ͘ϭϳΨϴϲ͘ϴϯ tĂƚĞƌŵĂŝŶKŶůLJƉĞƌĨŽŽƚŽĨĨƌŽŶƚĂŐĞΨϳϵ͘ϱϮΨϳϳ͘ϰϮ ^ĞǁĞƌŽƌtĂƚĞƌƉĞƌĞŶƚĞƌůŝŶĞ&ŽŽƚ;ƚŚƌŽƵŐŚƵŶĚĞǀĞůŽƉĞĚƉƌŽƉĞƌƚLJͿΨϭϭϰ͘ϴϰΨϭϭϭ͘ϴϮ DĂdžŝŵƵŵ^ĞǁĞƌĂŶĚtĂƚĞƌŽŶŶĞĐƚŝŽŶ&ĞĞͲƉĞƌůŽƚĨŽƌĂŶLJĚĞǀĞůŽƉĞĚůŽƚŽŶĞͲŚĂůĨ ĂĐƌĞŽƌůĞƐƐƚŚĂƚĐŽŶƚĂŝŶƐĂŚĂďŝƚĂďůĞƐŝŶŐůĞĨĂŵŝůLJĚǁĞůůŝŶŐƵŶŝƚΨϭϵ͕Ϯϴϭ͘ϴϲΨϭϴ͕ϳϳϰ͘ϵϰ ^ĞǁĞƌĂŶĚtĂƚĞƌŽŶŶĞĐƚŝŽŶ&ĞĞͲƉĞƌůŽƚƉůƵƐƉĞƌƐƋƵĂƌĞĨŽŽƚŽǀĞƌŽŶĞͲŚĂůĨĂĐƌĞ ĂŶĚůĞƐƐƚŚĂŶŽŶĞĂŶĚŽŶĞͲŚĂůĨĂĐƌĞƐƚŚĂƚĐŽŶƚĂŝŶĂŚĂďŝƚĂďůĞƐŝŶŐůĞĨĂŵŝůLJĚǁĞůůŝŶŐ ƵŶŝƚsĂƌŝĂďůĞ;Ψϭϵ͕Ϯϴϭ͘ϴϲнΨϬ͘ϰϰƉĞƌƐƋĨƚͿsĂƌŝĂďůĞ;Ψϭϴ͕ϳϳϰ͘ϵϰнΨϬ͘ϰϯƉĞƌƐƋĨƚͿ ^ĞǁĞƌĂŶĚtĂƚĞƌŽŶŶĞĐƚŝŽŶ&ĞĞĂƉͲĨŽƌůŽƚƐŽŶĞĂŶĚŽŶĞͲŚĂůĨĂĐƌĞƐŽƌůĂƌŐĞƌĨŽƌ ŽŶĞŚĂďŝƚĂďůĞƐŝŶŐůĞĨĂŵŝůLJĚǁĞůůŝŶŐƵŶŝƚΨϯϴ͕ϱϲϯ͘ϳϯΨϯϳ͕ϱϰϵ͘ϴϴ ^ĞǁĞƌĂŶĚtĂƚĞƌŽŶŶĞĐƚŝŽŶ&ĞĞͲdŚĞĂĚũƵƐƚĞĚŵŝŶŝŵƵŵĐŽŶŶĞĐƚŝŽŶĨĞĞƐŚĂůůďĞ ĂƐĨŽůůŽǁƐĐĂůĐƵůĂƚĞĚďĂƐĞĚŽŶĂŵŝŶŝŵƵŵϴϬ͘ϬϬĨĞĞƚĨƌŽŶƚĂŐĞΨϭϮ͕ϱϯϬ͘ϵϱΨϭϮ͕ϮϬϭ͘ϱϬ ^ĞǁĞƌdĂƉƐϰ͟ƉŝƉĞΨϮϭϰ͘ϭϵΨϮϬϴ͘ϱϲ ^ĞǁĞƌdĂƉƐϲ͟ƉŝƉĞΨϮϵϵ͘ϴϲΨϮϵϭ͘ϵϴ ^ĞƌǀŝĐĞ>ŝŶĞZĞƉůĂĐĞŵĞŶƚŚĂƌŐĞƐtĂƚĞƌϱͬϴ͟Ͳϭ͟Ψϭ͕ϴϴϴ͘ϰϵΨϭ͕ϴϯϴ͘ϴϰ ^ĞƌǀŝĐĞ>ŝŶĞZĞƉůĂĐĞŵĞŶƚŚĂƌŐĞƐtĂƚĞƌϭͲϭͬϮ͟Ͳϯ͟ΨϮ͕ϯϲϮ͘ϴϭΨϮ͕ϯϬϬ͘ϲϵ ^ĞƌǀŝĐĞ>ŝŶĞZĞƉůĂĐĞŵĞŶƚŚĂƌŐĞƐtĂƚĞƌϰ͟Ͳϲ͟ΨϮ͕ϳϳϱ͘ϯϲΨϮ͕ϳϬϮ͘ϰϬ ^ĞƌǀŝĐĞ>ŝŶĞZĞƉůĂĐĞŵĞŶƚŚĂƌŐĞƐtĂƚĞƌϴ͟ͲϭϮ͟Ψϯ͕ϳϳϵ͘ϭϳΨϯ͕ϲϳϵ͘ϴϭ ^ĞƌǀŝĐĞ>ŝŶĞZĞƉůĂĐĞŵĞŶƚŚĂƌŐĞƐtĂƚĞƌхϭϮ͟Ψϰ͕ϳϮϱ͘ϲϬΨϰ͕ϲϬϭ͘ϯϲ ^ĞƌǀŝĐĞ>ŝŶĞZĞƉůĂĐĞŵĞŶƚŚĂƌŐĞƐ^ĞǁĞƌϰ͟Ͳϲ͟Ψϭ͕ϴϴϴ͘ϰϵΨϭ͕ϴϯϴ͘ϴϰ ^ĞƌǀŝĐĞ>ŝŶĞZĞƉůĂĐĞŵĞŶƚŚĂƌŐĞƐ^ĞǁĞƌϴ͟ͲϭϮ͟ΨϮ͕ϳϳϱ͘ϯϲΨϮ͕ϳϬϮ͘ϰϬ ^ĞƌǀŝĐĞ>ŝŶĞZĞƉůĂĐĞŵĞŶƚŚĂƌŐĞƐ^ĞǁĞƌхϭϮ͟Ψϯ͕ϳϳϵ͘ϭϳΨϯ͕ϲϳϵ͘ϴϭ tĂƚĞƌ^ĞƌǀŝĐĞǀĂŝůĂďŝůŝƚLJ&ĞĞ;ƉĞƌĚĞǀĞůŽƉĂďůĞĂĐƌĞͿΨϯ͕ϳϱϵ͘ϮϳΨϯ͕ϰϰϴ͘ϴϳ dƌƵŶŬ^ĞǁĞƌZĂƚĞĐŚĂƌŐĞ ĂƐƚƵŵďƌŽWŚĂƐĞϭ͗^ŝůǀĞƌƌĞĞŬ;ƉĞƌĚĞǀĞůŽƉĂďůĞĂĐƌĞͿΨϭϭ͕ϰϬϴ͘ϵϲΨϭϭ͕ϭϬϵ͘Ϭϭ dƌƵŶŬ^ĞǁĞƌZĂƚĞĐŚĂƌŐĞ ĂƐƚƵŵďƌŽWŚĂƐĞϭ͗ĞĂƌƌĞĞŬ;ƉĞƌĚĞǀĞůŽƉĂďůĞĂĐƌĞͿΨϭϬ͕ϮϬϳ͘ϰϲΨϵ͕ϵϯϵ͘ϭϬ dƌƵŶŬ^ĞǁĞƌZĂƚĞĐŚĂƌŐĞ ĂƐƚƵŵďƌŽWŚĂƐĞϭ͗tŝůůŽǁƌĞĞŬ;ƉĞƌĚĞǀĞůŽƉĂďůĞ ĂĐƌĞͿΨϮϬ͕ϮϰϬ͘ϱϵΨϭϵ͕ϳϬϴ͘ϰϲ dƌƵŶŬ^ĞǁĞƌZĂƚĞĐŚĂƌŐĞ,ĂĚůĞLJsĂůůĞLJ;ƉĞƌĚĞǀĞůŽƉĂďůĞĂĐƌĞͿΨϴ͕ϮϮϯ͘ϯϬΨϴ͕ϬϬϳ͘ϭϬ dƌƵŶŬ^ĞǁĞƌZĂƚĞĐŚĂƌŐĞ<ŝŶŐƐZƵŶ;ƉĞƌĚĞǀĞůŽƉĂďůĞĂĐƌĞͿΨϭϯ͕ϱϮϮ͘ϵϴΨϭϯ͕ϭϲϳ͘ϰϲ dƌƵŶŬ^ĞǁĞƌZĂƚĞĐŚĂƌŐĞtĞƐƚƵŵďƌŽ;ƉĞƌĚĞǀĞůŽƉĂďůĞĂĐƌĞͿΨϭϳ͕ϵϯϰ͘ϳϭΨϭϳ͕ϰϲϯ͘ϮϬ dƌƵŶŬ^ĞǁĞƌZĂƚĞĐŚĂƌŐĞEŽƌƚŚǁĞƐƚdĞƌƌŝƚŽƌLJ;ƉĞƌĚĞǀĞůŽƉĂďůĞĂĐƌĞͿΨϮϴ͕ϴϲϬ͘ϰϵΨϮϴ͕ϭϬϭ͘ϳϱ dƌƵŶŬ^ĞǁĞƌZĂƚĞĐŚĂƌŐĞ^ŽƵƚŚƵŵďƌŽ;ƉĞƌĚĞǀĞůŽƉĂďůĞĂĐƌĞͿΨϰϰ͕ϲϬϴ͘ϲϰΨϰϯ͕ϰϯϱ͘ϴϳ ^ĂŶŝƚĂƌLJ^ĞǁĞƌǀĂŝůĂďŝůŝƚLJŚĂƌŐĞŽǁŶƐƚƌĞĂŵĂƉĂĐŝƚLJ/ŵƉƌŽǀĞŵĞŶƚƐ;ƉĞƌ ĚĞǀĞůŽƉĂďůĞĂĐƌĞͿΨϭ͕ϰϭϲ͘ϳϵΨϭ͕ϯϳϵ͘ϱϱ ^ƚŽƌŵtĂƚĞƌDĂŶĂŐĞŵĞŶƚWůĂŶƌĞĂŚĂƌŐĞƐ;^tDWͿ;ƉĞƌĚĞǀĞůŽƉĂďůĞĂĐƌĞĨŽƌ >ĂŶĚhƐĞ&ĂĐƚŽƌϭ͘ϬͿΨϰ͕ϯϳϱ͘ϵϰΨϰ͕ϮϲϬ͘ϴϵ ^ĞĐƚŝŽŶϳ^tDW;ƉĞƌŐƌŽƐƐĂĐƌĞĨŽƌ>ĂŶĚhƐĞ&ĂĐƚŽƌϭ͘ϬͿΨϮ͕ϭϰϭ͘ϵϭΨϮ͕Ϭϴϱ͘ϲϬ EtdĞƌƌŝƚŽƌŝĞƐ^tDW;ƉĞƌŐƌŽƐƐĂĐƌĞĨŽƌ>ĂŶĚhƐĞ&ĂĐƚŽƌϭ͘ϬͿΨϮ͕ϵϲϳ͘ϳϯΨϮ͕ϴϴϵ͘ϳϭ ^ƚƌĞĞƚZĞĐŽŶƐƚƵĐƚŝŽŶ&ĞĞƐĂƌĞĂůůďĂƐĞĚŽŶƉĞƌĨŽŽƚŽĨĨƌŽŶƚĂŐĞĐĂůĐƵůĂƚŝŽŶƐ͗ ^ƚƌĞĞƚZĞĐŽŶƐƚƌƵĐƚŝŽŶZĞƐŝĚĞŶƚŝĂůŽŶĞƐΨϭϯϮ͘ϱϭΨϭϮϵ͘Ϭϯ ^ƚƌĞĞƚZĞĐŽŶƐƚƌƵĐƚŝŽŶŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůŽŶĞƐΨϮϭϮ͘ϬϭΨϮϬϲ͘ϰϰ ^ƚƌĞĞƚZĞĐŽŶƐƚƌƵĐƚŝŽŶͬŽŶĞƐΨϮϰϳ͘ϯϱΨϮϰϬ͘ϴϱ ZĞŚĂďŝůŝƚĂƚŝŽŶ&ĞĞƐƉĞƌĨŽŽƚŽĨĨƌŽŶƚĂŐĞ;ĂƐĂŶĂůƚĞƌŶĂƚŝǀĞƚŽZĞĐŽŶƐƚƌƵĐƚŝŽŶĂƚ KǁŶĞƌΖƐZĞƋƵĞƐƚͿ ^ƚƌĞĞƚZĞĐŽŶƐƚƌƵĐƚŝŽŶZĞƐŝĚĞŶƚŝĂůŽŶĞƐΨϭϬϲ͘ϬϭΨϭϬϯ͘ϮϮ ^ƚƌĞĞƚZĞĐŽŶƐƚƌƵĐƚŝŽŶŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůŽŶĞƐΨϭϳϮ͘ϮϲΨϭϲϳ͘ϳϯ ^ƚƌĞĞƚZĞĐŽŶƐƚƌƵĐƚŝŽŶͬŽŶĞƐΨϭϵϴ͘ϳϲΨϭϵϯ͘ϱϰ ^ƚƌĞĞƚZĞƐƵƌĨĂĐŝŶŐƉĞƌĨŽŽƚŽĨĨƌŽŶƚĂŐĞ;ĂƐĂŶĂůƚĞƌŶĂƚŝǀĞƚŽZĞĐŽŶƐƚƌƵĐƚŝŽŶĂƚ KǁŶĞƌΖƐZĞƋƵĞƐƚͿ ^ƚƌĞĞƚZĞĐŽŶƐƚƌƵĐƚŝŽŶZĞƐŝĚĞŶƚŝĂůŽŶĞƐΨϯϱ͘ϯϰΨϯϰ͘ϰϭ ^ƚƌĞĞƚZĞĐŽŶƐƚƌƵĐƚŝŽŶŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůŽŶĞƐΨϱϯ͘ϬϬΨϱϭ͘ϲϭ ^ƚƌĞĞƚZĞĐŽŶƐƚƌƵĐƚŝŽŶͬŽŶĞƐΨϱϯ͘ϬϬΨϱϭ͘ϲϭ ^ƚƌĞĞƚͬůůĞLJZĞŚĂďŝůŝƚĂƚŝŽŶƉĞƌĨŽŽƚ ^ƚƌĞĞƚZĞŚĂďŝůŝƚĂƚŝŽŶZĞƐŝĚĞŶƚŝĂůŽŶĞƐΨϳϬ͘ϲϳΨϲϴ͘ϴϭ ^ƚƌĞĞƚZĞŚĂďŝůŝƚĂƚŝŽŶŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůŽŶĞƐΨϭϭϰ͘ϴϰΨϭϭϭ͘ϴϮ ^ƚƌĞĞƚZĞŚĂďŝůŝƚĂƚŝŽŶͬŽŶĞƐΨϭϯϮ͘ϱϭΨϭϮϵ͘Ϭϯ ůůĞLJZĞĐŽŶƐƚƌƵĐƚŝŽŶ;ƉĞƌĨŽŽƚŽĨĨƌŽŶƚĂŐĞͿZĞƐŝĚĞŶƚŝĂůŽŶĞƐ;ŝƚƵŵŝŶŽƵƐͿΨϰϬ͘ϬϲΨϯϵ͘Ϭϭ ůůĞLJZĞĐŽŶƐƚƌƵĐƚŝŽŶ;ƉĞƌĨŽŽƚŽĨĨƌŽŶƚĂŐĞͿŽǁŶƚŽǁŶŽŵŵĞƌĐŝĂůŽŶĞƐ ;ŽŶĐƌĞƚĞͿΨϭϭϴ͘ϳϭΨϭϭϱ͘ϱϵ ^ƚƌĞĞƚZĞƐƵƌĨĂĐŝŶŐƉĞƌĨŽŽƚŽĨĨƌŽŶƚĂŐĞ;ĂƐĂŶĂůƚĞƌŶĂƚŝǀĞƚŽZĞŚĂďŝůŝƚĂƚŝŽŶĂƚ KǁŶĞƌΖƐZĞƋƵĞƐƚͿ ^ƚƌĞĞƚZĞƐƵƌĨĂĐŝŶŐZĞƐŝĚĞŶƚŝĂůŽŶĞƐΨϯϱ͘ϯϰΨϯϰ͘ϰϭ ^ƚƌĞĞƚZĞƐƵƌĨĂĐŝŶŐŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůŽŶĞƐΨϱϯ͘ϬϬΨϱϭ͘ϲϭ ^ƚƌĞĞƚZĞƐƵƌĨĂĐŝŶŐͬŽŶĞƐΨϱϯ͘ϬϬΨϱϭ͘ϲϭ ^ŝĚĞǁĂůŬͬƉƉƌŽĂĐŚͬWĞĚĞƐƚƌŝĂŶZĂŵƉ Ψϭϱ͘ϲϲΨϭϱ͘Ϯϱ ^ŝĚĞǁĂůŬϰ͟ŽŶĐƌĞƚĞ;ƉĞƌ^&Ϳ Ψϭϳ͘ϮϵΨϭϲ͘ϴϰ ^ŝĚĞǁĂůŬϱ͟ŽŶĐƌĞƚĞ;ƉĞƌ^&Ϳ ΨϮϬ͘ϱϱΨϮϬ͘Ϭϭ ^ŝĚĞǁĂůŬϲ͟ŽŶĐƌĞƚĞ;ƉĞƌ^&Ϳ ΨϮϱ͘ϰϯΨϮϰ͘ϳϲ ^ŝĚĞǁĂůŬϳ͟ŽŶĐƌĞƚĞ;ƉĞƌ^&Ϳ ΨϭϬ͘ϳϴΨϭϬ͘ϱϬ ƉƉƌŽĂĐŚϯ͟ŝƚƵŵŝŶŽƵƐƌŝǀĞǁĂLJ;ƉĞƌ^&Ϳ ΨϭϮ͘ϮϯΨϭϭ͘ϵϭ ƉƉƌŽĂĐŚϲ͟ŽŶĐƌĞƚĞƌŝǀĞǁĂLJ;ƉĞƌ^&Ϳ Ψϭϯ͘ϰϱΨϭϯ͘ϭϬ ƉƉƌŽĂĐŚϳ͟ŽŶĐƌĞƚĞƌŝǀĞǁĂLJ;ƉĞƌ^&Ϳ ΨϮ͘ϱϳΨϮ͘ϱϬ ŽŶĐƌĞƚĞZĞŵŽǀĂů;ƉĞƌ^&Ϳ ŽŶĐƌĞƚĞƵƌďΘ'ƵƚƚĞƌZĞŵŽǀĂůŽĨ džŝƐƚŝŶŐ;ƉĞƌůŝŶĞĂůĨŽŽƚͿΨϮϬ͘ϱϰΨϮϬ͘ϬϬ ŽŶĐƌĞƚĞƵƌďΘ'ƵƚƚĞƌŽƌ^ƚLJůĞŽŶĐƌĞƚĞƵƌď;ƉĞƌůŝŶĞĂůĨŽŽƚͿΨϱϲ͘ϵϲΨϱϱ͘ϰϲ ŽŶĐƌĞƚĞƵƌďΘ'ƵƚƚĞƌůĂĐŬƚŽƉĂŶĚĂĐŬĨŝůůZĞƐƚŽƌĂƚŝŽŶ;ƉĞƌůŝŶĞĂůĨŽŽƚͿΨϭϬ͘ϮϳΨϭϬ͘ϬϬ ZĞƐƚŽƌĂƚŝŽŶŽĨŽŶĐƌĞƚĞtŽƌŬ;ďĂĐŬĨŝůůǁŝƚŚĚŝƌƚ͕ĂƉƉůLJƐĞĞĚͿ;ƉĞƌ^&ͿΨϯ͘ϱϵΨϯ͘ϱϬ WĞĚĞƐƚƌŝĂŶZĂŵƉƐ WĞĚĞƐƚƌŝĂŶZĂŵƉ;^ƚĂŶĚĂƌĚ/ŶƚĞƌƐĞĐƚŝŽŶŽŵďŝŶĞĚŝƌĞĐƚŝŽŶĂůͿΨϰ͕ϵϱϵ͘ϴϲΨϰ͕ϴϮϵ͘ϰϳ WĞĚĞƐƚƌŝĂŶZĂŵƉ;^ƚĂŶĚĂƌĚ/ŶƚĞƌƐĞĐƚŝŽŶKŶĞͲtĂLJŝƌĞĐƚŝŽŶĂůΨϭ͕ϵϴϴ͘ϭϲΨϭ͕ϵϯϱ͘ϵϬ WĞĚĞƐƚƌŝĂŶZĂŵƉ;EŽŶdƌĂĚŝƚŝŽŶĂů/ŶƚĞƌƐĞĐƚŝŽŶͿĐƚƵĂůŽƐƚĐƚƵĂůŽƐƚ WĞĚĞƐƚƌŝĂŶZĂŵƉDŝĚůŽĐŬŽŶŶĞĐƚŝŽŶϱΖΨϭ͕ϵϴϴ͘ϭϲΨϭ͕ϵϯϱ͘ϵϬ WĞĚĞƐƚƌŝĂŶZĂŵƉDŝĚůŽĐŬŽŶŶĞĐƚŝŽŶdƌĂŝůΨϰ͕Ϭϰϰ͘ϴϵΨϯ͕ϵϯϴ͘ϱϱ ^ƚƌĞĞƚDĂŝŶƚĞŶĂŶĐĞŝǀŝƐŝŽŶ&ĞĞƐ ^ƚƌĞĞƚKƉĞŶŝŶŐZĞƉĂŝƌ;ƉĞƌƐƋƵĂƌĞĨŽŽƚͿŝƚƵŵŝŶŽƵƐWĂƚĐŚŝŶŐΨϮϱϬŵŝŶŝŵƵŵĐŚĂƌŐĞ͖Ψϭϭ͘ϱϵƉĞƌĂĚĚŝƚŝŽŶĂůƐƋƵĂƌĞĨŽŽƚΨϮϱϬŵŝŶŝŵƵŵĐŚĂƌŐĞ͖Ψϭϭ͘ϱϵƉĞƌĂĚĚŝƚŝŽŶĂůƐƋƵĂƌĞĨŽŽƚ ^ƚƌĞĞƚKƉĞŶŝŶŐZĞƉĂŝƌ;ƉĞƌƐƋƵĂƌĞĨŽŽƚͿŽŶĐƌĞƚĞ^ƚƌĞĞƚWĂŶĞůZĞƉůĂĐĞŵĞŶƚƐΨϰϯ͘ϬϲΨϰϭ͘ϵϯ DĂŝůďŽdžĂŵĂŐĞZĞŝŵďƵƌƐĞŵĞŶƚͲDĂƚĞƌŝĂůƐŽŶůLJĂŶĚƐƵďŵŝƐƐŝŽŶŽĨƌĞĐĞŝƉƚ;ƐͿ ƌĞƋƵŝƌĞĚ͘hƉƚŽΨϭϮϱ͘ϬϬhƉƚŽΨϭϮϱ͘ϬϬ ^ĞĂůŽĂƚŝŶŐĨŽƌEĞǁƉƵďůŝĐ^ƚƌĞĞƚƐ;ƐƋLJĚͿΨϭ͘ϴϲΨϭ͘ϴϭ ^ĞĂůŽĂƚĂŵĂŐĞZĞƉĂŝƌ;^zͿΨϳϱϬŵŝŶŝŵƵŵĐŚĂƌŐĞ͖Ψϱ͘ϮϴƉĞƌĂĚĚŝƚŝŽŶĂůƐƋƵĂƌĞLJĂƌĚΨϳϱϬŵŝŶŝŵƵŵĐŚĂƌŐĞ͖Ψϱ͘ϭϰƉĞƌĂĚĚŝƚŝŽŶĂůƐƋƵĂƌĞLJĂƌĚ DĂŶŚŽůĞŽƌŝŶŐΨϯϬϬŵŽďŝůŝnjĂƚŝŽŶĐŚĂƌŐĞƉůƵƐΨϳϱƉĞƌĞĂĐŚΨϯϬϬŵŽďŝůŝnjĂƚŝŽŶĐŚĂƌŐĞƉůƵƐΨϳϱƉĞƌĞĂĐŚ dĂŶĚĞŵƵŵƉdƌƵĐŬ;& DηϴϳϮϮͿΨϵϰ͘ϵϰ͖ƉůƵƐϭ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌΨϵϰ͘ϵϰ͖ƉůƵƐϭ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌ tŚĞĞů>ŽĂĚĞƌϮz;& DηϴϯϵϯͿΨϳϲ͘ϲϮ͖ƉůƵƐϭ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌΨϳϲ͘ϲϮ͖ƉůƵƐϭ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌ DŝŶŝ džĐĂǀĂƚŽƌ;& DηϴϮϴϬͿΨϰϴ͘ϵϳ͖ƉůƵƐϭ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌΨϰϴ͘ϵϳ͖ƉůƵƐϭ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌ dƌĂĐƚŽƌĂĐŬŚŽĞ;& DηϴϰϬϭͿΨϲϮ͘ϲϮ͖ƉůƵƐϭ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌΨϲϮ͘ϲϮ͖ƉůƵƐϭ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌ ^ŬŝĚ>ŽĂĚĞƌ;& DηϴϱϰϮͿΨϳϴ͘ϴϴ͖ƉůƵƐϭ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌΨϳϴ͘ϴϴ͖ƉůƵƐϭ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌ ^ĞǁĞƌsĂĐͬ:ĞƚdƌƵĐŬ;& DηϴϳϭϰͲϯͿΨϵϳ͘ϳϲ͖ƉůƵƐϮ^ĞǁĞƌKƉĞƌĂƚŽƌƐΨϵϳ͘ϳϲ͖ƉůƵƐϮ^ĞǁĞƌKƉĞƌĂƚŽƌƐ ^ĞǁĞƌ:Ğƚ;: ZĂƚĞͿΨϰϬ͘ϬϬ͖ƉůƵƐϮ^ĞǁĞƌKƉĞƌĂƚŽƌƐΨϰϬ͘ϬϬ͖ƉůƵƐϮ^ĞǁĞƌKƉĞƌĂƚŽƌƐ ^ƚƌĞĞƚ^ǁĞĞƉĞƌ;& DηϴϭϱϳͿΨϭϴϰ͘ϮϬ͖ƉůƵƐϭ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌΨϭϴϰ͘ϮϬ͖ƉůƵƐϭ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌ ϭͲƚŽŶWŝĐŬƵƉ;& DηϴϴϬϴͿΨϯϭ͘ϴϭ͖ƉůƵƐϭ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌΨϯϭ͘ϴϭ͖ƉůƵƐϭ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌ dŽǁŵĂƐƚĞƌdƌĂŝůĞƌ;& DηϴϱϵϭͿ;: ZĂƚĞͿΨϭϲ͘ϱϳ͖ƉůƵƐϭ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌΨϭϲ͘ϱϳ͖ƉůƵƐϭ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌ,ŽƵƌůLJZĂƚĞΨϱϯ͘ϬϬΨϱϬ͘ϵϲ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌ,ŽƵƌůLJZĂƚĞKdΨϳϮ͘ϮϮΨϲϵ͘ϰϯ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌͲ^ĞǁĞƌ,ŽƵƌůLJZĂƚĞΨϱϲ͘ϬϱΨϱϯ͘ϵϬ ƋƵŝƉŵĞŶƚKƉĞƌĂƚŽƌͲ^ĞǁĞƌ,ŽƵƌůLJZĂƚĞKdΨϳϲ͘ϯϳΨϳϯ͘ϰϯ ůůĞƋƵŝƉŵĞŶƚĨĞĞƐǁŝůůďĞƉĞƌĐƵƌƌĞŶƚLJĞĂƌ& DůůĞƋƵŝƉŵĞŶƚĨĞĞƐǁŝůůďĞƉĞƌĐƵƌƌĞŶƚLJĞĂƌ& D ^ĐŚĞĚƵůĞŽĨ ƋƵŝƉŵĞŶƚZĂƚĞƐ^ĐŚĞĚƵůĞŽĨ ƋƵŝƉŵĞŶƚZĂƚĞƐ WƵďůŝĐtŽƌŬƐ ƋƵŝƉŵĞŶƚ&ĞĞƐ ĞǀĞůŽƉŵĞŶƚZĞǀŝĞǁ&ĞĞ ŽĐƵŵĞŶƚZĞǀŝĞǁ&ĞĞΨϭϮϴ͘ϰϬΨϭϮϱ͘ϬϮ ĞǀĞůŽƉŵĞŶƚŚĂƌŐĞZĞǀŝĞǁ^ƚĂƚĞŵĞŶƚΨϰϳ͘ϰϵΨϰϲ͘Ϯϰ ĞǀĞůŽƉŵĞŶƚŚĂƌŐĞZĞǀŝĞǁ^ƚĂƚĞŵĞŶƚ; džƉƌĞƐƐZĞǀŝĞǁͿΨϳϭ͘ϮϯΨϲϵ͘ϯϲ ŝƚLJKǁŶĞƌŽŶƚƌĂĐƚƐƉƉůŝĐĂƚŝŽŶ&ĞĞΨϭϱϬ͘ϬϬΨϭϱϬ͘ϬϬ ĞǀĞůŽƉŵĞŶƚŐƌĞĞŵĞŶƚƐƉƉůŝĐĂƚŝŽŶ&ĞĞΨϱϰϲ͘ϬϬΨϱϰϲ͘ϬϬ ^ƵƉƉůĞŵĞŶƚĂůĞǀĞůŽƉŵĞŶƚŐƌĞĞŵĞŶƚƐƉƉůŝĐĂƚŝŽŶ&ĞĞΨϮϰϲ͘ϬϬΨϮϰϲ͘ϬϬ ZĞǀŽĐĂďůĞWĞƌŵŝƚƐƉƉůŝĐĂƚŝŽŶ&ĞĞΨϮϰϲ͘ϬϬΨϮϰϲ͘ϬϬ hƚŝůŝƚLJŽŶŶĞĐƚŝŽŶĂŐƌĞĞŵĞŶƚƐƉƉůŝĐĂƚŝŽŶ&ĞĞΨϭϰϲ͘ϬϬΨϭϰϲ͘ϬϬ ŽŶƚƌŝďƵƚŝŽŶĂŐƌĞĞŵĞŶƚƐƉƉůŝĐĂƚŝŽŶ&ĞĞΨϭϰϲ͘ϬϬΨϭϰϲ͘ϬϬ DĂŝŶƚĞŶĂŶĐĞŐƌĞĞŵĞŶƚƐƉƉůŝĐĂƚŝŽŶ&ĞĞΨϭϰϲ͘ϬϬΨϭϰϲ͘ϬϬ EŽŝƐĞΘŝƌƐƉĂĐĞŐƌĞĞŵĞŶƚƐƉƉůŝĐĂƚŝŽŶ&ĞĞΨϭϰϲ͘ϬϬΨϭϰϲ͘ϬϬ WĞĚĞƐƚƌŝĂŶ&ĂĐŝůŝƚLJŐƌĞĞŵĞŶƚƐƉƉůŝĐĂƚŝŽŶ&ĞĞΨϭϰϲ͘ϬϬΨϭϰϲ͘ϬϬ ƐƐĞƐƐŵĞŶƚĂŐƌĞĞŵĞŶƚƐƉƉůŝĐĂƚŝŽŶ&ĞĞΨϭϰϲ͘ϬϬΨϭϰϲ͘ϬϬ DŝƐĐĞůůĂŶĞŽƵƐŐƌĞĞŵĞŶƚƐƉƉůŝĐĂƚŝŽŶ&ĞĞΨϭϰϲ͘ϬϬΨϭϰϲ͘ϬϬ ĂƐĞŵĞŶƚƐƉƉůŝĐĂƚŝŽŶ&ĞĞΨϭϰϲ͘ϬϬΨϭϰϲ͘ϬϬ 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dƌĂĨĨŝĐĞůŝŶĞĂƚŽƌdĞŵƉŽƌĂƌLJZĞŵŽǀĂů;ĞĂĐŚͿ ^ƚŽƌŵtĂƚĞƌhƚŝůŝƚLJ&ĞĞƐ ^ƚŽƌŵtĂƚĞƌhƚŝůŝƚLJ&ĞĞ;^th&ͿZĂƚĞ;ĐĂůĐƵůĂƚŝŽŶ͕ŵŽŶƚŚůLJ͕ƉĞƌƉĂƌĐĞůͿ ƋƵĂƚŝŽŶ͗>ĂŶĚhƐĞ&ĂĐƚŽƌdždŽƚĂůĐƌĞƐdž^ƚŽƌŵtĂƚĞƌhƚŝůŝƚLJZĂƚĞdž ƌĞĚŝƚ&ĂĐƚŽƌΎΎƌĞĚŝƚĨĂĐƚŽƌŝƐŽŶůLJĂƉƉůŝĐĂďůĞŝĨĐƵƐƚŽŵĞƌĂƉƉůŝĞĚĂŶĚƋƵĂůŝĨŝĞƐ ĨŽƌĐƌĞĚŝƚ͘sĂƌŝĂďůĞ;>h&dždŽƚĂůĐƌĞƐdžΨϮϮ͘ϱϲdžƌĞĚŝƚ&ĂĐƚŽƌͿsĂƌŝĂďůĞ;>h&dždŽƚĂůĐƌĞƐdžΨϮϮ͘ϱϲdžƌĞĚŝƚ&ĂĐƚŽƌͿ ^ƚŽƌŵtĂƚĞƌhƚŝůŝƚLJ&ĞĞ;^th&ͿDŽŶƚŚůLJƵƐƚŽŵĞƌŚĂƌŐĞ;ƉĞƌƉĂƌĐĞůͿΨϱ͘ϬϬΨϱ͘ϬϬ tĂƐƚĞǁĂƚĞƌ&ĞĞƐ tĂƐƚĞǁĂƚĞƌ&ĞĞ^ĞǁĞƌŚĂƌŐĞ&ŝdžĞĚŚĂƌŐĞ;ƉĞƌŵŽŶƚŚͿΨϭϵ͘ϰϬΨϭϵ͘ϯϬ tĂƐƚĞǁĂƚĞƌ&ĞĞ^ĞǁĞƌŚĂƌŐĞYƵĂŶƚŝƚLJŚĂƌŐĞ;ƉĞƌĐĐĨͿΨϰ͘ϯϮΨϰ͘Ϯϵ tĂƐƚĞǁĂƚĞƌ&ĞĞ,ŝŐŚ^ƚƌĞŶŐƚŚ^ƵƌĐŚĂƌŐĞ&ůŽǁ;ƉĞƌĐĐĨͿΨϭ͘ϵϳΨϭ͘ϵϲ tĂƐƚĞǁĂƚĞƌ&ĞĞ,ŝŐŚ^ƚƌĞŶŐƚŚ^ƵƌĐŚĂƌŐĞK;ƉĞƌůďͿΨϬ͘ϱϲΨϬ͘ϱϲ tĂƐƚĞǁĂƚĞƌ&ĞĞ,ŝŐŚ^ƚƌĞŶŐƚŚ^ƵƌĐŚĂƌŐĞd^^;ƉĞƌůďͿΨϬ͘ϰϱΨϬ͘ϰϰ tĂƐƚĞǁĂƚĞƌ&ĞĞ,ŝŐŚ^ƚƌĞŶŐƚŚ^ƵƌĐŚĂƌŐĞdW;ƉĞƌůďͿΨϲ͘ϭϵΨϲ͘ϭϰ tĂƐƚĞǁĂƚĞƌ&ĞĞ,ŝŐŚ^ƚƌĞŶŐƚŚ^ƵƌĐŚĂƌŐĞE,ϯͲE;ƉĞƌůďͿΨϮ͘ϯϬΨϮ͘Ϯϴ tĂƐƚĞǁĂƚĞƌ&ĞĞDŽŶŝƚŽƌŝŶŐŚĂƌŐĞ;ƉĞƌŵŽŶƚŚͿΨϭ͕ϭϬϬ͘ϬϬΨϭ͕ϬϳϬ͘ϬϬ tĂƐƚĞǁĂƚĞƌ^ĂŵƉůŝŶŐŚĂƌŐĞ;ƉĞƌƐĂŵƉůĞͿΨϮϬϬ͘ϬϬΨϭϵϬ͘ϬϬ tĂƐƚĞǁĂƚĞƌDĞƚĂůƐŶĂůLJƐŝƐŚĂƌŐĞ;ƉĞƌƐĂŵƉůĞͿΨϯϭϬ͘ϬϬΨϯϬϬ͘ϬϬ tĂƐƚĞǁĂƚĞƌŽŶǀĞŶƚŝŽŶĂůWŽůůƵƚĂŶƚƐŶĂůLJƐŝƐŚĂƌŐĞ;ƉĞƌƐĂŵƉůĞͿΨϭϲϬ͘ϬϬΨϭϱϬ͘ϬϬ tĂƐƚĞǁĂƚĞƌ&ĞĞ^ĞƉƚĂŐĞ;ƉĞƌϭ͕ϬϬϬŐĂůͿΨϭϮϳ͘ϬϬΨϭϮϲ͘ϬϬ tĂƐƚĞǁĂƚĞƌ&ĞĞWŽƌƚĂďůĞdŽŝůĞĚtĂƐƚĞ;ƉĞƌϭ͕ϬϬϬŐĂůͿΨϭϮϳ͘ϬϬΨϭϮϲ͘ϬϬ tĂƐƚĞǁĂƚĞƌ&ĞĞ&ĂƚƐ͕KŝůƐĂŶĚ'ƌĞĂƐĞ;ƉĞƌϭ͕ϬϬϬŐĂůͿΨϰϬ͘ϬϬΨϯϵ͘ϬϬ tĂƐƚĞǁĂƚĞƌ&ĞĞZĞƐŝĚĞŶƚŝĂůW/&Ψϰ͕ϯϱϬ͘ϬϬΨϰ͕ϮϬϬ͘ϬϬ tĂƐƚĞǁĂƚĞƌ&ĞĞDƵůƚŝƉůĞǁĞůůŝŶŐhŶŝƚW/&Ψϯ͕ϬϱϬ͘ϬϬΨϮ͕ϵϱϬ͘ϬϬ tĂƐƚĞǁĂƚĞƌ&ĞĞDĞƚĞƌ^ŝnjĞW/&ϱͬϴΗyϯͬϰΗ;ƉĞƌĨŝdžƚƵƌĞƵŶŝƚͿΨϮϬϲ͘ϬϬΨϭϵϴ͘ϬϬ tĂƐƚĞǁĂƚĞƌ&ĞĞDĞƚĞƌ^ŝnjĞW/&ϱͬϴΗyϯͬϰΗ;ďĂƐĞĚŽŶϮϱĨŝdžƚƵƌĞƵŶŝƚƐͿΨϲ͕ϲϬϬ͘ϬϬΨϲ͕ϯϱϬ͘ϬϬ tĂƐƚĞǁĂƚĞƌ&ĞĞDĞƚĞƌ^ŝnjĞW/&ϯͬϰΗΨϴ͕ϱϱϬ͘ϬϬΨϴ͕ϮϱϬ͘ϬϬ tĂƐƚĞǁĂƚĞƌ&ĞĞDĞƚĞƌ^ŝnjĞW/&ϭΗΨϭϱ͕ϭϬϬ͘ϬϬΨϭϰ͕ϲϬϬ͘ϬϬ tĂƐƚĞǁĂƚĞƌ&ĞĞDĞƚĞƌ^ŝnjĞW/&ϭͲϭͬϮΗΨϮϲ͕ϯϬϬ͘ϬϬΨϮϱ͕ϰϬϬ͘ϬϬ tĂƐƚĞǁĂƚĞƌ&ĞĞDĞƚĞƌ^ŝnjĞW/&ϮΗΨϰϮ͕ϴϬϬ͘ϬϬΨϰϭ͕ϯϬϬ͘ϬϬ tĂƐƚĞǁĂƚĞƌ&ĞĞDĞƚĞƌ^ŝnjĞW/&ϯΗΨϭϰϵ͕ϰϬϬ͘ϬϬΨϭϰϰ͕ϮϬϬ͘ϬϬ tĂƐƚĞǁĂƚĞƌ&ĞĞ/ŶĚƵƐƚƌŝĂůŝƐĐŚĂƌŐĞWĞƌŵŝƚW/&&ůŽǁ;ƉĞƌĐĐĨƉĞƌĚĂLJͿΨϳ͕ϮϯϬ͘ϬϬΨϲ͕ϵϴϬ͘ϬϬ tĂƐƚĞǁĂƚĞƌ&ĞĞ/ŶĚƵƐƚƌŝĂůŝƐĐŚĂƌŐĞWĞƌŵŝƚW/&K;ƉĞƌůďƉĞƌĚĂLJͿΨϮ͕ϯϯϬ͘ϬϬΨϮ͕ϮϱϬ͘ϬϬ tĂƐƚĞǁĂƚĞƌ&ĞĞ/ŶĚƵƐƚƌŝĂůŝƐĐŚĂƌŐĞWĞƌŵŝƚW/&d^^;ƉĞƌůďƉĞƌĚĂLJͿΨϭ͕ϭϬϬ͘ϬϬΨϭ͕ϬϲϬ͘ϬϬ 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ĞŶƚĞƌ^ƚƌĞĞƚZĂŵƉͲϮϰͬϳƐƐŝŐŶĞĚŽŵŵĞƌĐŝĂů;ŵŽŶƚŚůLJͿΨϮϮϰ͘ϬϬΨϮϮϰ͘ϬϬ Ψϭϱϰ͘ϬϬΨϭϱϰ͘ϬϬ &ŝƌƐƚ^ƚƌĞĞƚZĂŵƉͲĂLJƚŝŵĞZĂŶĚŽŵ;ŵŽŶƚŚůLJͿ Ψϭϲϴ͘ϬϬΨϭϲϴ͘ϬϬ &ŝƌƐƚ^ƚƌĞĞƚZĂŵƉͲϮϰͬϳZĂŶĚŽŵ;ŵŽŶƚŚůLJͿ ΨϮϮϰ͘ϬϬΨϮϮϰ͘ϬϬ &ŝƌƐƚ^ƚƌĞĞƚZĂŵƉͲϮϰͬϳƐƐŝŐŶĞĚŽŵŵĞƌĐŝĂů;ŵŽŶƚŚůLJͿ Ψϭϱϰ͘ϬϬΨϭϱϰ͘ϬϬ ^ĞĐŽŶĚ^ƚƌĞĞƚZĂŵƉͲĂLJƚŝŵĞZĂŶĚŽŵ;ŵŽŶƚŚůLJͿ Ψϭϲϴ͘ϬϬΨϭϲϴ͘ϬϬ ^ĞĐŽŶĚ^ƚƌĞĞƚZĂŵƉͲϮϰͬϳZĂŶĚŽŵ;ŵŽŶƚŚůLJͿ Ψϭϳϯ͘ϬϬΨϭϳϯ͘ϬϬ ^ĞĐŽŶĚ^ƚƌĞĞƚZĂŵƉͲϮϰͬϳƐƐŝŐŶĞĚ;ŵŽŶƚŚůLJͿ ΨϮϮϰ͘ϬϬΨϮϮϰ͘ϬϬ ^ĞĐŽŶĚ^ƚƌĞĞƚZĂŵƉͲϮϰͬϳƐƐŝŐŶĞĚŽŵŵĞƌĐŝĂů;ŵŽŶƚŚůLJͿ Ψϭϱϰ͘ϬϬΨϭϱϰ͘ϬϬ dŚŝƌĚ^ƚƌĞĞƚZĂŵƉͲĂLJƚŝŵĞZĂŶĚŽŵ;ŵŽŶƚŚůLJͿ Ψϭϲϴ͘ϬϬΨϭϲϴ͘ϬϬ dŚŝƌĚ^ƚƌĞĞƚZĂŵƉͲϮϰͬϳZĂŶĚŽŵ;ŵŽŶƚŚůLJͿ ΨϮϮϰ͘ϬϬΨϮϮϰ͘ϬϬ dŚŝƌĚ^ƚƌĞĞƚZĂŵƉͲϮϰͬϳƐƐŝŐŶĞĚŽŵŵĞƌĐŝĂů;ŵŽŶƚŚůLJͿ Ψϴϱ͘ϬϬΨϴϱ͘ϬϬ dŚŝƌĚ^ƚƌĞĞƚZĂŵƉͲŝĐLJĐůĞ>ŽĐŬĞƌ;ĂŶŶƵĂůͿ Ψϭϰϱ͘ϬϬΨϭϰϱ͘ϬϬ ŝǀŝĐĞŶƚĞƌZĂŵƉͲZŽŽĨƚŽƉ;ŵŽŶƚŚůLJͿ ΨϭϰϬ͘ϬϬΨϭϰϬ͘ϬϬ ŝǀŝĐĞŶƚĞƌZĂŵƉͲ&ůĞdž;ŵŽŶƚŚůLJͿ ΨϮϮϰ͘ϬϬΨϮϮϰ͘ϬϬ ŝǀŝĐĞŶƚĞƌZĂŵƉͲϮϰͬϳƐƐŝŐŶĞĚŽŵŵĞƌĐŝĂů;ŵŽŶƚŚůLJͿ Ψϭϱϰ͘ϬϬΨϭϱϰ͘ϬϬ ZĂŵƉϲͲĂLJƚŝŵĞZĂŶĚŽŵ;ŵŽŶƚŚůLJͿ Ψϭϲϴ͘ϬϬΨϭϲϴ͘ϬϬ ZĂŵƉϲͲϮϰͬϳZĂŶĚŽŵ;ŵŽŶƚŚůLJͿ Ψϴϱ͘ϬϬΨϴϱ͘ϬϬ ZĂŵƉϲͲŝĐLJĐůĞ>ŽĐŬĞƌ;ĂŶŶƵĂůͿ Ψϭ͘ϬϬΨϭ͘ϬϬ ƌŵŽƌLJ>Žƚ;ŚŽƵƌůLJͿ ΨϭϮ͘ϬϬΨϭϮ͘ϬϬ ŝǀŝĐĞŶƚĞƌEŽƌƚŚ>ŽƚͲKǀĞƌƐŝnjĞsĞŚŝĐůĞ;ĚĂŝůLJͿ ΨϬ͘ϱϬΨϬ͘ϱϬ ŝǀŝĐĞŶƚĞƌEŽƌƚŚ>Žƚ;ŚŽƵƌůLJͿ ΨϴϬ͘ϬϬΨϴϬ͘ϬϬ ŝǀŝĐĞŶƚĞƌ^ŽƵƚŚ>Žƚ;ŵŽŶƚŚůLJͿ ΨϬ͘ϱϬΨϬ͘ϱϬ ŝǀŝĐĞŶƚĞƌ^ŽƵƚŚ>Žƚ;ŚŽƵƌůLJͿ Ψϭ͘ϬϬΨϭ͘ϬϬ 'ŽǀĞƌŶŵĞŶƚĞŶƚĞƌDĂŝŶ>Žƚ;ŚŽƵƌůLJͿ ΨϬ͘ϱϬΨϬ͘ϱϬ 'ŽǀĞƌŶŵĞŶƚĞŶƚĞƌ^ŽƵƚŚ>Žƚ;ŚŽƵƌůLJͿ ΨϳϮ͘ϬϬΨϳϮ͘ϬϬ WŽǁĞƌWůĂŶƚ>Žƚ;ŵŽŶƚŚůLJͿ ΨϭϮ͘ϬϬΨϭϮ͘ϬϬ WŽǁĞƌWůĂŶƚ>ŽƚͲKǀĞƌƐŝnjĞsĞŚŝĐůĞ;ĚĂŝůLJͿ ΨϭϱϮ͘ϬϬΨϭϱϮ͘ϬϬ ƵŵďƌŽDĂƌŬĞƚ>Žƚ;ŵŽŶƚŚůLJͿ ΨϮ͘ϱϬΨϮ͘ϱϬ ƵŵďƌŽDĂƌŬĞƚ>Žƚ;ŚŽƵƌůLJ͕ϮͲŚŽƵƌŵĂdžͿ ΨϮϬ͘ϬϬΨϮϬ͘ϬϬ WĂƌŬŝŶŐĐĐĞƐƐĂƌĚ&ĞĞ ΨϭϮϱ͘ϬϬΨϭϮϱ͘ϬϬ WĂƌŬŝŶŐZĂŵƉƌŽŬĞŶ'ĂƚĞ&ĞĞ tĞĞŬĞŶĚDĞƚĞƌĂŐĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞͲƉĞƌŵĞƚĞƌΨϯ͘ϬϬΨϯ͘ϬϬ dŝŵĞ>ŝŵŝƚĞĚDĞƚĞƌĂŐ&ĞĞͲƉĞƌƐƉĂĐĞƉĞƌĚĂLJΨϭϯ͘ϬϬΨϭϯ͘ϬϬ EŽdŝŵĞ>ŝŵŝƚDĞƚĞƌĂŐ&ĞĞͲƉĞƌƐƉĂĐĞƉĞƌĚĂLJΨϯ͘ϬϬΨϯ͘ϬϬ ϯ,ŽƵƌWĂƌŬŝŶŐDĞƚĞƌͲƉĞƌŚŽƵƌΨϮ͘ϬϬΨϮ͘ϬϬ EŽdŝŵĞ>ŝŵŝƚWĂƌŬŝŶŐDĞƚĞƌͲƉĞƌŚŽƵƌΨϬ͘ϱϬΨϬ͘ϱϬ Ψϯϯ͘ϬϬΨϯϯ͘ϬϬ ZĞƐŝĚĞŶƚŝĂůŽƌƵƐŝŶĞƐƐWĂƌŬŝŶŐWĞƌŵŝƚ;ĂŶŶƵĂůͿ ΨϭϬ͘ϬϬΨϭϬ͘ϬϬ dĞŵƉŽƌĂƌLJWĞƌŵŝƚ ΨϮϲϲ͘ϬϬEͬ ĞǀĞůŽƉĞƌWĂƌŬŝŶŐŐƌĞĞŵĞŶƚ&ĞĞ;ŵŽŶƚŚůLJͿ WĂƌŬŝŶŐZĂŵƉƐͲdƌĂŶƐŝĞŶƚ͗ ΨϬ͘ϬϬΨϬ͘ϬϬ ϭŚŽƵƌŽƌůĞƐƐ ΨϮ͘ϬϬΨϮ͘ϬϬ ϭͲϭ͘ϱŚŽƵƌƐ Ψϯ͘ϬϬΨϯ͘ϬϬ ϭ͘ϱͲϮŚŽƵƌƐ Ψϰ͘ϬϬΨϰ͘ϬϬ ϮͲϮ͘ϱŚŽƵƌƐ Ψϱ͘ϬϬΨϱ͘ϬϬ Ϯ͘ϱͲϯŚŽƵƌƐ Ψϲ͘ϬϬΨϲ͘ϬϬ ϯͲϯ͘ϱŚŽƵƌƐ Ψϳ͘ϬϬΨϳ͘ϬϬ ϯ͘ϱͲϰŚŽƵƌƐ Ψϴ͘ϬϬΨϴ͘ϬϬ ϰͲϰ͘ϱŚŽƵƌƐ ΨϭϬ͘ϬϬΨϭϬ͘ϬϬ ϰ͘ϱͲϱŚŽƵƌƐ ΨϭϮ͘ϬϬΨϭϮ͘ϬϬ ϱͲϱ͘ϱŚŽƵƌƐ Ψϭϰ͘ϬϬΨϭϰ͘ϬϬ ϱ͘ϱͲϲŚŽƵƌƐ Ψϭϲ͘ϬϬΨϭϲ͘ϬϬ ϲͲϭϮŚŽƵƌƐ Ψϭϴ͘ϬϬΨϭϴ͘ϬϬ ϭϮнŚŽƵƌƐ ΨϭϬ͘ϬϬΨϭϬ͘ϬϬ ,ŽƚĞůKǀĞƌŶŝŐŚƚ Ψϴ͘ϬϬΨϴ͘ϬϬ ŽŶǀĞŶƚŝŽŶKǀĞƌŶŝŐŚƚ Ψϰ͘ϬϬΨϰ͘ϬϬ ^ƵƉĞƌĐŽŶǀĞŶƚŝŽŶKǀĞƌŶŝŐŚƚ ΨϮ͘ϲϲΨϮ͘ϱϰ :ĞŚŽǀĂŚΖƐtŝƚŶĞƐƐŽŶǀĞŶƚŝŽŶƐ;ĚĂŝůLJͿ WĂƌŬŝŶŐdŝĐŬĞƚƐ͗ ϭƐƚ>ĂƚĞ&ĞĞΨϱ͘ϬϬΨϱ͘ϬϬ ϮŶĚ>ĂƚĞ&ĞĞΨϱ͘ϬϬΨϱ͘ϬϬ &ŝŶĂů>ĂƚĞ&ĞĞΨϭϱ͘ϬϬΨϭϱ͘ϬϬ WĂƌŬŝŶŐdŝĐŬĞƚͲ džƉŝƌĞĚDĞƚĞƌΨϮϴ͘ϬϬΨϮϴ͘ϬϬ WĂƌŬŝŶŐdŝĐŬĞƚͲKŶͲ^ƚƌĞĞƚsŝŽůĂƚŝŽŶΨϯϱ͘ϬϬΨϯϱ͘ϬϬ WĂƌŬŝŶŐdŝĐŬĞƚͲ&ŝƌĞ,LJĚƌĂŶƚƐΨϰϭ͘ϬϬΨϰϭ͘ϬϬ WĂƌŬŝŶŐdŝĐŬĞƚͲ džƉŝƌĞĚZĞŐŝƐƚƌĂƚŝŽŶΨϱϯ͘ϬϬΨϱϯ͘ϬϬ WĂƌŬŝŶŐdŝĐŬĞƚͲ^ŶŽǁ ŵĞƌŐĞŶĐLJΨϭϭϮ͘ϬϬΨϭϭϮ͘ϬϬ WĂƌŬŝŶŐdŝĐŬĞƚͲĐĐĞƐƐŝďůĞWĂƌŬŝŶŐΨϭϵϳ͘ϬϬΨϭϵϳ͘ϬϬ ŽŵŵƵŶŝƚLJĞǀĞůŽƉŵĞŶƚƵŝůĚŝŶŐŝǀŝƐŝŽŶ ^ĞƌǀŝĐĞϮϬϮϲ&ĞĞϮϬϮϱ&ĞĞ ŽŶƐƚƌƵĐƚŝŽŶZĞůĂƚĞĚ&ĞĞƐ ƵŝůĚŝŶŐWĞƌŵŝƚ&ĞĞƐ dŽƚĂůsĂůƵĂƚŝŽŶ͗Ψϭ͘ϬϬƚŽΨϱϬϬ͘ϬϬΨϮϱ͘ϬϬΨϮϱ͘ϬϬ dŽƚĂůsĂůƵĂƚŝŽŶ͗ΨϱϬϭ͘ϬϬƚŽΨϮ͕ϬϬϬ͘ϬϬ &ŝƌƐƚΨϱϬϬΨϮϱ͘ϬϬΨϮϱ͘ϬϬ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭϬϬΨϮ͘ϬϬΨϮ͘ϬϬ dŽƚĂůsĂůƵĂƚŝŽŶ͗ΨϮ͕ϬϬϭ͘ϬϬƚŽΨϮϱ͕ϬϬϬ͘ϬϬ &ŝƌƐƚΨϮ͕ϬϬϬΨϱϱ͘ϬϬΨϱϱ͘ϬϬ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭ͕ϬϬϬΨϵ͘ϬϬΨϵ͘ϬϬ dŽƚĂůsĂůƵĂƚŝŽŶ͗ΨϮϱ͕ϬϬϭ͘ϬϬƚŽΨϱϬ͕ϬϬϬ͘ϬϬ &ŝƌƐƚΨϮϱ͕ϬϬϬΨϮϲϮ͘ϬϬΨϮϲϮ͘ϬϬ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭ͕ϬϬϬΨϲ͘ϱϬΨϲ͘ϱϬ dŽƚĂůsĂůƵĂƚŝŽŶ͗ΨϱϬ͕ϬϬϭ͘ϬϬƚŽΨϭϬϬ͕ϬϬϬ͘ϬϬ &ŝƌƐƚΨϱϬ͕ϬϬϬΨϰϮϰ͘ϱϬΨϰϮϰ͘ϱϬ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭ͕ϬϬϬΨϰ͘ϱϬΨϰ͘ϱϬ dŽƚĂůsĂůƵĂƚŝŽŶ͗ΨϭϬϬ͕ϬϬϭ͘ϬϬƚŽΨϱϬϬ͕ϬϬϬ͘ϬϬ &ŝƌƐƚΨϭϬϬ͕ϬϬϬΨϲϰϵ͘ϱϬΨϲϰϵ͘ϱϬ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭ͕ϬϬϬΨϯ͘ϱϬΨϯ͘ϱϬ dŽƚĂůsĂůƵĂƚŝŽŶ͗ΨϱϬϬ͕ϬϬϭ͘ϬϬƚŽΨϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬ &ŝƌƐƚΨϱϬϬ͕ϬϬϬΨϮ͕Ϭϰϵ͘ϱϬΨϮ͕Ϭϰϵ͘ϱϬ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭ͕ϬϬϬΨϯ͘ϬϬΨϯ͘ϬϬ dŽƚĂůsĂůƵĂƚŝŽŶ͗Ψϭ͕ϬϬϬ͕ϬϬϭ͘ϬϬĂŶĚƵƉ &ŝƌƐƚΨϭ͕ϬϬϬ͕ϬϬϬΨϯ͕ϱϰϵ͘ϱϬΨϯ͕ϱϰϵ͘ϱϬ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭ͕ϬϬϬΨϮ͘ϬϬΨϮ͘ϬϬ ƵŝůĚŝŶŐWůĂŶZĞǀŝĞǁ&ĞĞƐ;ƉĞƌĐĞŶƚŽĨďƵŝůĚŝŶŐƉĞƌŵŝƚĨĞĞͿ &ŽƌƐƚƌƵĐƚƵƌĞƐƉĞƌŵŝƚƚĞĚƵŶĚĞƌƚŚĞ/ŶƚĞƌŶĂƚŝŽŶĂůZĞƐŝĚĞŶƚŝĂůŽĚĞ;/ZͿϲϱйϲϱй &ŽƌĂůůŽƚŚĞƌƐƚƌƵĐƚƵƌĞƐϲϱйϲϱй ƵŝůĚŝŶŐWůĂŶZĞǀŝĞǁ&ĞĞƐͲDĂƐƚĞƌWůĂŶ;ƉĞƌĐĞŶƚŽĨďƵŝůĚŝŶŐƉĞƌŵŝƚĨĞĞͿ &ŽƌƐŝŵŝůĂƌƉůĂŶƐďĂƐĞĚŽŶĂŶĂƉƉƌŽǀĞĚŵĂƐƚĞƌƉůĂŶϮϱйϮϱй &ŽƌĂůůŽƚŚĞƌƐƚƌƵĐƚƵƌĞƐϮϱйϮϱй ZĞƐŝĚĞŶƚŝĂůƵŝůĚŝŶŐZĞͲZŽŽĨŝŶŐͲEŽWůĂŶZĞǀŝĞǁ&ĞĞΨϭϬϬ͘ϬϬEͬ ZĞƐŝĚĞŶƚŝĂůƵŝůĚŝŶŐZĞͲ^ŝĚŝŶŐΨϭϬϬ͘ϬϬEͬ ĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞΨϵϬ͘ϬϬEͬ tŝŶĚŽǁƐĂŶĚŽŽƌƐZĞƉůĂĐĞŵĞŶƚ ϭƚŽϯƵŶŝƚƐ;tŝŶĚŽǁƐͬŽŽƌƐͿΨϭϯϬ͘ϬϬEͬ ϰƚŽϭϬƵŶŝƚƐ;tŝŶĚŽǁƐͬŽŽƌƐͿΨϭϳϱ͘ϬϬEͬ ϭϭнƵŶŝƚƐ;tŝŶĚŽǁƐͬŽŽƌƐͿΨϮϮϬ͘ϬϬEͬ dƌĂĚĞWĞƌŵŝƚƐ ƉƉůŝĐĂƚŝŽŶ&ĞĞΨϮϱ͘ϬϬΨϮϱ͘ϬϬ ĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞΨϵϬ͘ϬϬEͬ WĞƌŵŝƚ&ĞĞ sĂůƵĂƚŝŽŶŽĨǁŽƌŬ͗Ψϭ͘ϬϬƚŽΨϱϬϬ͘ϬϬΨϬ͘ϬϬΨϬ͘ϬϬ sĂůƵĂƚŝŽŶŽĨǁŽƌŬ͗ΨϱϬϭ͘ϬϬƚŽΨϭ͕ϬϬϬΨϭϬ͘ϬϬΨϭϬ͘ϬϬ sĂůƵĂƚŝŽŶŽĨǁŽƌŬ͗Ψϭ͕ϬϬϭĂŶĚƵƉ;ƉĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭ͕ϬϬϬͿΨϭϬ͘ϬϬΨϭϬ͘ϬϬ ƉƉůŝĂŶĐĞWĞƌŵŝƚƐ tĂƚĞƌ,ĞĂƚĞƌ;ƚŵŽƐƉŚĞƌŝĐŵŝŶŝŵƵŵǀĂůƵĂƚŝŽŶΨϭϮϬϬͿΨϰϱ͘ϲϬΨϰϱ͘ϲϬ tĂƚĞƌ,ĞĂƚĞƌ;WŽǁĞƌsĞŶƚŵŝŶŝŵƵŵǀĂůƵĂƚŝŽŶΨϭϲϬϬͿΨϰϱ͘ϴϬΨϰϱ͘ϴϬ tĂƚĞƌ,ĞĂƚĞƌ; ůĞĐƚƌŝĐŵŝŶŝŵƵŵǀĂůƵĂƚŝŽŶΨϭϲϬϬͿΨϰϱ͘ϴϬΨϰϱ͘ϴϬ ŝƌŽŶĚŝƚŝŽŶĞƌKŶůLJ;ŵŝŶŝŵƵŵǀĂůƵĂƚŝŽŶΨϮϱϬϬͿΨϱϲ͘ϮϱΨϱϲ͘Ϯϱ &ƵƌŶĂĐĞKŶůLJ;ŵŝŶŝŵƵŵǀĂůƵĂƚŝŽŶΨϱϬϬϬͿΨϳϳ͘ϱϬΨϳϳ͘ϱϬ &ƵƌŶĂĐĞΘŝƌŽŶĚŝƚŝŽŶĞƌ;ŵŝŶŝŵƵŵǀĂůƵĂƚŝŽŶΨϳϬϬϬͿΨϵϴ͘ϱϬΨϵϴ͘ϱϬ 'ĞŶĞƌĂůWĞƌŵŝƚ&ĞĞ;dƌĂĚĞ͕ƵŝůĚŝŶŐ͕ΘƉƉůŝĂŶĐĞͿ /ŶƐƉĞĐƚŝŽŶƐŽƵƚƐŝĚĞŶŽƌŵĂůďƵƐŝŶĞƐƐŚŽƵƌƐ;ƉĞƌŚŽƵƌ͕ŵŝŶϮŚŽƵƌͿΨϳϱ͘ϬϬΨϳϱ͘ϬϬ ZĞͲ/ŶƐƉĞĐƚŝŽŶƐ;ƉĞƌŚŽƵƌ͕ŵŝŶϭŚŽƵƌͿΨϳϱ͘ϬϬΨϳϱ͘ϬϬ /ŶƐƉĞĐƚŝŽŶƐĨŽƌǁŚŝĐŚŶŽĨĞĞŝƐƐƉĞĐŝĨŝĐĂůůLJŝŶĚŝĐĂƚĞĚ;ƉĞƌŚŽƵƌ͕ŵŝŶϭŚŽƵƌͿΨϳϱ͘ϬϬΨϳϱ͘ϬϬ ĚĚŝƚŝŽŶĂůWůĂŶZĞǀŝĞǁ;ƉĞƌŚŽƵƌ͕ŵŝŶϭŚŽƵƌͿΨϳϱ͘ϬϬΨϳϱ͘ϬϬ tŽƌŬŝŶŐtŝƚŚŽƵƚĂWĞƌŵŝƚ&ĞĞͲϭƐƚΨϭϬϬ͘ϬϬΨϭϬϬ͘ϬϬ tŽƌŬŝŶŐtŝƚŚŽƵƚĂWĞƌŵŝƚ&ĞĞͲϮŶĚΨϭϱϬ͘ϬϬΨϭϱϬ͘ϬϬ tŽƌŬŝŶŐtŝƚŚŽƵƚĂWĞƌŵŝƚ&ĞĞͲϯƌĚΨϮϬϬ͘ϬϬΨϮϬϬ͘ϬϬ ZĞƐŝĚĞŶƚŝĂů&ŽŽƚŝŶŐͬ&ŽƵŶĚĂƚŝŽŶWĞƌŵŝƚΨϭϬϬ͘ϬϬΨϭϬϬ͘ϬϬ ZĞŶƚĂůWƌŽƉĞƌƚLJZĞůĂƚĞĚ&ĞĞƐ ZĞŶƚĂůWƌŽƉĞƌƚLJZĞŐŝƐƚƌĂƚŝŽŶĞƌƚŝĨŝĐĂƚĞ&ĞĞƐ;ĞĂĐŚďƵŝůĚŝŶŐͿΨϲϲ͘ϬϬΨϲϰ͘ϬϬ ZĞŶƚĂůWƌŽƉĞƌƚLJZĞŐŝƐƚƌĂƚŝŽŶĞƌƚŝĨŝĐĂƚĞ&ĞĞƐ;ƉĞƌƵŶŝƚͿΨϮϬ͘ϬϬΨϭϵ͘ϬϬ ZĞŶƚĂůĞƌƚŝĨŝĐĂƚĞdƌĂŶƐĨĞƌ&ĞĞΨϮϬ͘ϬϬΨϮϬ͘ϬϬ ŶĂĚĚŝƚŝŽŶĂůϭϬйŽĨƚŚĞƌĞŶĞǁĂůĨĞĞĚƵĞ͕ƵƉƚŽĂ ZĞŐŝƐƚƌĂƚŝŽŶĞƌƚŝĨŝĐĂƚĞ>ĂƚĞ&ĞĞƐ;ƵƉƚŽϯϬĚĂLJƐƉĂƐƚĚƵĞͿΨϯϬ͘ϬϬŵĂdžŝŵƵŵŽĨΨϯϬĨŽƌŽŶĞƚŽϯϬĚĂLJƐƉĂƐƚĚƵĞ͘ ŶĂĚĚŝƚŝŽŶĂůϮϱйŽĨƚŚĞƌĞŶĞǁĂůĨĞĞĚƵĞ͕ƵƉƚŽĂ ZĞŐŝƐƚƌĂƚŝŽŶĞƌƚŝĨŝĐĂƚĞ>ĂƚĞ&ĞĞƐ;ϯϭͲϲϬĚĂLJƐƉĂƐƚĚƵĞͿΨϱϬ͘ϬϬŵĂdžŝŵƵŵŽĨΨϱϬĂĨƚĞƌϯϬĚĂLJƐƉĂƐƚĚƵĞ͘ ŶĂĚĚŝƚŝŽŶĂůϮϱйŽĨƚŚĞƌĞŶĞǁĂůĨĞĞĚƵĞ͕ƵƉƚŽĂ ZĞŐŝƐƚƌĂƚŝŽŶĞƌƚŝĨŝĐĂƚĞ>ĂƚĞ&ĞĞƐ;ďĞLJŽŶĚϲϬĚĂLJƐƉĂƐƚĚƵĞͿΨϱϬ͘ϬϬŵĂdžŝŵƵŵŽĨΨϱϬĂĨƚĞƌϯϬĚĂLJƐƉĂƐƚĚƵĞ͘ DŝƐƐĞĚƉƉŽŝŶƚŵĞŶƚ&ĞĞΨϳϱ͘ϬϬΨϳϱ͘ϬϬ WƌŽƉĞƌƚŝĞƐǁŝƚŚϭͲϰƵŶŝƚƐƌĞͲŝŶƐƉĞĐƚĞĚʹΨϳϱWƌŽƉĞƌƚŝĞƐǁŝƚŚϭͲϰƵŶŝƚƐƌĞͲŝŶƐƉĞĐƚĞĚʹΨϳϱ WƌŽƉĞƌƚŝĞƐǁŝƚŚϱͲϭϮƵŶŝƚƐƌĞͲŝŶƐƉĞĐƚĞĚʹΨϭϬϬWƌŽƉĞƌƚŝĞƐǁŝƚŚϱͲϭϮƵŶŝƚƐƌĞͲŝŶƐƉĞĐƚĞĚʹΨϭϬϬ ZĞͲ/ŶƐƉĞĐƚŝŽŶ&ĞĞWƌŽƉĞƌƚŝĞƐǁŝƚŚϭϮнƵŶŝƚƐƌĞͲŝŶƐƉĞĐƚĞĚʹΨϭϮϱWƌŽƉĞƌƚŝĞƐǁŝƚŚϭϮнƵŶŝƚƐƌĞͲŝŶƐƉĞĐƚĞĚʹΨϭϮϱ ĚŵŝŶŝƐƚƌĂƚŝǀĞ&ŝŶĞ&ĞĞΨϵϬ͘ϬϬΨϵϬ͘ϬϬ ZĞͲŝŶƐƚĂƚĞŵĞŶƚ&ĞĞ;&ŝƌƐƚhŶŝƚͿΨϭϬϬ͘ϬϬΨϭϬϬ͘ϬϬ ZĞͲŝŶƐƚĂƚĞŵĞŶƚ&ĞĞ; ĂĐŚĚĚŝƚŝŽŶĂůhŶŝƚͿΨϮϬ͘ϬϬΨϮϬ͘ϬϬ &ŽƌŶĞǁƵƐĞĐƵƐƚŽŵĞƌƐƚŚĂƚŚĂǀĞŶŽŽƚŚĞƌƌĞŶƚĂůƵŶŝƚƐ&ŽƌŶĞǁƵƐĞĐƵƐƚŽŵĞƌƐƚŚĂƚŚĂǀĞŶŽŽƚŚĞƌƌĞŶƚĂůƵŶŝƚƐ ϭ͘&ŝƌƐƚŽĐĐƵƌƌĞŶĐĞǁƌŝƩĞŶǁĂƌŶŝŶŐϭ͘&ŝƌƐƚŽĐĐƵƌƌĞŶĐĞǁƌŝƩĞŶǁĂƌŶŝŶŐ Ϯ͘^ĞĐŽŶĚŽĐĐƵƌƌĞŶĐĞͲΨϮϱϬ͘ϬϬĨĞĞϮ͘^ĞĐŽŶĚŽĐĐƵƌƌĞŶĐĞͲΨϮϱϬ͘ϬϬĨĞĞ ϯ͘dŚŝƌĚŽĐĐƵƌƌĞŶĐĞͲΨϱϬϬ͘ϬϬĨĞĞϯ͘dŚŝƌĚŽĐĐƵƌƌĞŶĐĞͲΨϱϬϬ͘ϬϬĨĞĞ ϰ͘&ŽƵƌƚŚŽĐĐƵƌƌĞŶĐĞͲŝƚLJĂƩŽƌŶĞLJĂŶĚƵƉƚŽϭϬϬϬ͘ϬϬϰ͘&ŽƵƌƚŚŽĐĐƵƌƌĞŶĐĞͲŝƚLJĂƩŽƌŶĞLJĂŶĚƵƉƚŽϭϬϬϬ͘ϬϬ ĨŝŶĞĂƐZKƐƚĂƚĞƐĨŝŶĞĂƐZKƐƚĂƚĞƐ &ŽƌĞdžŝƐƟŶŐĐƵƐƚŽŵĞƌƐƚŚĂƚĚŽŚĂǀĞĞdžŝƐƟŶŐƌĞŶƚĂůƐ&ŽƌĞdžŝƐƟŶŐĐƵƐƚŽŵĞƌƐƚŚĂƚĚŽŚĂǀĞĞdžŝƐƟŶŐƌĞŶƚĂůƐ ϭ͘&ŝƌƐƚŽĐĐƵƌƌĞŶĐĞͲΨϮϱϬ͘ϬϬĨĞĞϭ͘&ŝƌƐƚŽĐĐƵƌƌĞŶĐĞͲΨϮϱϬ͘ϬϬĨĞĞ Ϯ͘^ĞĐŽŶĚŽĐĐƵƌƌĞŶĐĞͲΨϱϬϬ͘ϬϬĨĞĞϮ͘^ĞĐŽŶĚŽĐĐƵƌƌĞŶĐĞͲΨϱϬϬ͘ϬϬĨĞĞ ϯ͘dŚŝƌĚŽĐĐƵƌƌĞŶĐĞͲŝƚLJĂƩŽƌŶĞLJĂŶĚƵƉƚŽϭϬϬϬ͘ϬϬϯ͘dŚŝƌĚŽĐĐƵƌƌĞŶĐĞͲŝƚLJĂƩŽƌŶĞLJĂŶĚƵƉƚŽϭϬϬϬ͘ϬϬ ĨŝŶĞĂƐZKƐƚĂƚĞƐĨŝŶĞĂƐZKƐƚĂƚĞƐ ZĞŶƚŝŶŐǁŝƚŚŽƵƚĂĐĞƌƚŝĨŝĐĂƚĞ >ĂƚĞĐŽŵƉůŝĂŶĐĞĨĞĞΨϭϬϬͲΨϱϬϬΨϭϬϬͲΨϱϬϬ ĞƌƚŝĨŝĞĚDĂŝů&ĞĞΨϱϬ͘ϬϬΨϱϬ͘ϬϬ ,ŽƵƐŝŶŐŽĚĞsŝŽůĂƚŝŽŶ&ĞĞ sĂĐĂŶƚďƵŝůĚŝŶŐƌĞŐŝƐƚƌĂƚŝŽŶΨϭϬϬͲΨϱϬϬΨϭϬϬͲΨϱϬϬ 'ƌĂĚŝŶŐWůĂŶZĞǀŝĞǁ&ĞĞ ϰϵĐƵďŝĐLJĂƌĚƐŽƌůĞƐƐΨϬ͘ϬϬΨϬ͘ϬϬ ϱϬƚŽϭϬϬĐƵďŝĐLJĂƌĚƐΨϮϱ͘ϬϬΨϮϱ͘ϬϬ ϭϬϭƚŽϭ͕ϬϬϬĐƵďŝĐLJĂƌĚƐΨϰϬ͘ϬϬΨϰϬ͘ϬϬ ϭ͕ϬϬϭƚŽϭϬ͕ϬϬϬĐƵďŝĐLJĂƌĚƐΨϱϬ͘ϬϬΨϱϬ͘ϬϬ ϭϬ͕ϬϬϭƚŽϭϬϬ͕ϬϬϬĐƵďŝĐLJĂƌĚƐ &ŝƌƐƚϭϬ͕ϬϬϬĐƵďŝĐLJĂƌĚƐƉůƵƐΨϱϬ͘ϬϬΨϱϬ͘ϬϬ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭͲϭϬ͕ϬϬϬĐƵďŝĐLJĂƌĚƐΨϮϱ͘ϬϬΨϮϱ͘ϬϬ ϭϬϬ͕ϬϬϭƚŽϮϬϬ͕ϬϬϬĐƵďŝĐLJĂƌĚƐ &ŝƌƐƚϭϬϬ͕ϬϬϬĐƵďŝĐLJĂƌĚƐƉůƵƐΨϮϳϱ͘ϬϬΨϮϳϱ͘ϬϬ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭͲϭϬ͕ϬϬϬĐƵďŝĐLJĂƌĚƐΨϭϱ͘ϬϬΨϭϱ͘ϬϬ ϮϬϬ͕ϬϬϭĐƵďŝĐLJĂƌĚƐŽƌŵŽƌĞ &ŝƌƐƚϮϬϬ͕ϬϬϬĐƵďŝĐLJĂƌĚƐƉůƵƐΨϰϭϬ͘ϬϬΨϰϭϬ͘ϬϬ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭͲϭϬ͕ϬϬϬĐƵďŝĐLJĂƌĚƐΨϭϬ͘ϬϬΨϭϬ͘ϬϬ 'ƌĂĚŝŶŐWĞƌŵŝƚ&ĞĞ ϰϵĐƵďŝĐLJĂƌĚƐŽƌůĞƐƐΨϬ͘ϬϬΨϬ͘ϬϬ ϱϬƚŽϭϬϬĐƵďŝĐLJĂƌĚƐΨϰϬ͘ϬϬΨϰϬ͘ϬϬ ϭϬϭƚŽϭ͕ϬϬϬĐƵďŝĐLJĂƌĚƐ &ŝƌƐƚϭϬϬĐƵďŝĐLJĂƌĚƐƉůƵƐΨϰϬ͘ϬϬΨϰϬ͘ϬϬ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭͲϭϬϬĐƵďŝĐLJĂƌĚƐΨϭϴ͘ϬϬΨϭϴ͘ϬϬ ϭ͕ϬϬϭƚŽϭϬ͕ϬϬϬĐƵďŝĐLJĂƌĚƐ &ŝƌƐƚϭ͕ϬϬϬĐƵďŝĐLJĂƌĚƐƉůƵƐΨϮϬϮ͘ϬϬΨϮϬϮ͘ϬϬ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭͲϭ͕ϬϬϬĐƵďŝĐLJĂƌĚƐΨϭϱ͘ϬϬΨϭϱ͘ϬϬ ϭϬ͕ϬϬϭƚŽϭϬϬ͕ϬϬϬĐƵďŝĐLJĂƌĚƐ &ŝƌƐƚϭϬ͕ϬϬϬĐƵďŝĐLJĂƌĚƐƉůƵƐΨϯϯϳ͘ϬϬΨϯϯϳ͘ϬϬ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭͲϭϬ͕ϬϬϬĐƵďŝĐLJĂƌĚƐΨϳϬ͘ϬϬΨϳϬ͘ϬϬ ϭϬϬ͕ϬϬϭĐƵďŝĐLJĂƌĚƐŽƌŵŽƌĞ &ŝƌƐƚϭϬϬ͕ϬϬϬĐƵďŝĐLJĂƌĚƐƉůƵƐΨϵϲϳ͘ϬϬΨϵϲϳ͘ϬϬ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭͲϭϬ͕ϬϬϬĐƵďŝĐLJĂƌĚƐΨϰϬ͘ϬϬΨϰϬ͘ϬϬ ŽŵŵƵŶŝƚLJĞǀĞůŽƉŵĞŶƚWůĂŶŶŝŶŐĂŶĚŽŶŝŶŐŝǀŝƐŝŽŶ ^ĞƌǀŝĐĞϮϬϮϲ&ĞĞϮϬϮϱ&ĞĞ ŽŶŝŶŐĞƌƚŝĨŝĐĂƚĞ&ĞĞƐ ͘ZĞƐŝĚĞŶƚŝĂůhƐĞƐ;sĂůƵĞƐŽĨŝŵƉƌŽǀĞŵĞŶƚďƵŝůĚŝŶŐ͕ŐƌĂĚŝŶŐ͕ĞƚĐ͕͘ĂĐĐŽƌĚŝŶŐƚŽ ƚŚĞĨŽůůŽǁŝŶŐƐĐŚĞĚƵůĞͿ ΨϭƚŽΨϱϬϬ;ƉĞƌƉĞƌŵŝƚͿΨϯϭ͘ϱϬΨϯϭ͘ϱϬ ΨϱϬϭƚŽΨϮ͕ϬϬϬ &ŝƌƐƚΨϱϬϬΨϯϭ͘ϱϬΨϯϭ͘ϱϬ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭϬϬΨϭ͘ϴϵΨϭ͘ϴϵ ΨϮϬϬϭƚŽΨϮϱ͕ϬϬϬ Ψϱϵ͘ϴϱΨϱϵ͘ϴϱ &ŝƌƐƚΨϮϬϬϬ Ψϯ͘ϱϳΨϯ͘ϱϳ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭ͕ϬϬϬ ΨϮϱ͕ϬϬϭƚŽΨϱϬ͕ϬϬϬ Ψϭϰϭ͘ϵϲΨϭϰϭ͘ϵϲ &ŝƌƐƚΨϮϱ͕ϬϬϬ ΨϮ͘ϱϮΨϮ͘ϱϮ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭ͕ϬϬϬ ΨϱϬ͕ϬϬϭƚŽΨϭϬϬ͕ϬϬϬ ΨϮϬϰ͘ϵϲΨϮϬϰ͘ϵϲ &ŝƌƐƚΨϮϬϬϬ ΨϬ͘ϴϰΨϬ͘ϴϰ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭ͕ϬϬϬ ΨϭϬϬ͕ϬϬϭĂŶĚƵƉ ΨϮϰϲ͘ϵϲΨϮϰϲ͘ϵϲ &ŝƌƐƚΨϭϬϬ͕ϬϬϬ ΨϬ͘ϮϱΨϬ͘Ϯϱ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭ͕ϬϬϬ ͘DƵůƚŝƉůĞ&ĂŵŝůLJĂŶĚEŽŶͲZĞƐŝĚĞŶƚŝĂůhƐĞƐ͗;sĂůƵĞƐŽĨŝŵƉƌŽǀĞŵĞŶƚďƵŝůĚŝŶŐ͕ ŐƌĂĚŝŶŐ͕ĞƚĐ͕͘ĂĐĐŽƌĚŝŶŐƚŽƚŚĞĨŽůůŽǁŝŶŐƐĐŚĞĚƵůĞͿ ΨϭƚŽΨϱϬϬ;ƉĞƌƉĞƌŵŝƚͿΨϯϭ͘ϱϬΨϯϭ͘ϱϬ ΨϱϬϭƚŽΨϮ͕ϬϬϬ &ŝƌƐƚΨϱϬϬΨϯϭ͘ϱϬΨϯϭ͘ϱϬ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭϬϬΨϮ͘ϰϮΨϮ͘ϰϮ ΨϮϬϬϭƚŽΨϮϱ͕ϬϬϬ Ψϲϳ͘ϳϯΨϲϳ͘ϳϯ &ŝƌƐƚΨϮϬϬϬ Ψϱ͘ϬϰΨϱ͘Ϭϰ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭ͕ϬϬϬ ΨϮϱ͕ϬϬϭƚŽΨϱϬ͕ϬϬϬ Ψϭϴϯ͘ϲϱΨϭϴϯ͘ϲϱ &ŝƌƐƚΨϮϱ͕ϬϬϬ ΨϮ͘ϮϭΨϮ͘Ϯϭ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭ͕ϬϬϬ ΨϱϬ͕ϬϬϭƚŽΨϭϬϬ͕ϬϬϬ ΨϮϯϴ͘ϳϳΨϮϯϴ͘ϳϳ &ŝƌƐƚΨϮϬϬϬ Ψϭ͘ϰϳΨϭ͘ϰϳ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭ͕ϬϬϬ ΨϭϬϬ͕ϬϬϭĂŶĚƵƉ ΨϯϭϮ͘ϮϳΨϯϭϮ͘Ϯϳ &ŝƌƐƚΨϭϬϬ͕ϬϬϬ ΨϬ͘ϮϱΨϬ͘Ϯϱ WĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůΨϭ͕ϬϬϬ tŚĞŶƚŚĞďƵŝůĚŝŶŐĐŽŶƐƚƌƵĐƚŝŽŶŽƌƌĞŵŽĚĞůŝŶŐŚĂƐtŚĞŶƚŚĞďƵŝůĚŝŶŐĐŽŶƐƚƌƵĐƚŝŽŶŽƌƌĞŵŽĚĞůŝŶŐŚĂƐ ŽĐĐƵƌƌĞĚƉƌŝŽƌƚŽŝƐƐƵŝŶŐŽĨƚŚĞnjŽŶŝŶŐĐĞƌƚŝĨŝĐĂƚĞ͕ĂŽĐĐƵƌƌĞĚƉƌŝŽƌƚŽŝƐƐƵŝŶŐŽĨƚŚĞnjŽŶŝŶŐĐĞƌƚŝĨŝĐĂƚĞ͕Ă ͘ŽƵďůĞ&ĞĞ͗ĚŽƵďůĞĨĞĞŵĂLJďĞŝŵƉŽƐĞĚ͘ĚŽƵďůĞĨĞĞŵĂLJďĞŝŵƉŽƐĞĚ͘ tĞƚůĂŶĚ&ĞĞƐ ΨϯϬϬ͘ϬϬΨϯϬϬ͘ϬϬ džĞŵƉƚŝŽŶĞƚĞƌŵŝŶĂƚŝŽŶ ΨϮϲϬ͘ϬϬΨϮϲϬ͘ϬϬ EŽͲ>ŽƐƐĞƚĞƌŵŝŶĂƚŝŽŶ ĞůŝŶĞĂƚŝŽŶZĞǀŝĞǁ ΨϰϭϬ͘ϬϬΨϰϭϬ͘ϬϬ ϭĂĐƌĞŽƌůĞƐƐ ΨϵϬϬ͘ϬϬΨϵϬϬ͘ϬϬ ϭͲϭϬĂĐƌĞƐ Ψϭ͕ϮϵϬ͘ϬϬΨϭ͕ϮϵϬ͘ϬϬ ϭϭнĂĐƌĞƐ ZĞƉůĂĐĞŵĞŶƚWůĂŶ ΨϳϴϬ͘ϬϬΨϳϴϬ͘ϬϬ ϭĂĐƌĞŽƌůĞƐƐ Ψϭ͕ϲϳϬ͘ϬϬΨϭ͕ϲϳϬ͘ϬϬ ϭͲϭϬĂĐƌĞƐ ΨϮ͕ϰϳϬ͘ϬϬΨϮ͕ϰϳϬ͘ϬϬ ϭϭнĂĐƌĞƐ ΨϳϲϬ͘ϬϬΨϳϲϬ͘ϬϬ ^ĞƋƵĞŶĐŝŶŐWůĂŶ ΨϰϲϬ͘ϬϬΨϰϲϬ͘ϬϬ ƉƉĞĂů ĂŶŬŝŶŐWůĂŶ ΨϳϴϬ͘ϬϬΨϳϴϬ͘ϬϬ ϭĂĐƌĞŽƌůĞƐƐ Ψϭ͕ϲϳϬ͘ϬϬΨϭ͕ϲϳϬ͘ϬϬ ϭͲϭϬĂĐƌĞƐ ΨϮ͕ϰϳϬ͘ϬϬΨϮ͕ϰϳϬ͘ϬϬ ϭϭнĂĐƌĞƐ ΨϭϯϮ͘ϬϬΨϭϯϮ͘ϬϬ ŶŶƵĂůDŽŶŝƚŽƌŝŶŐZĞƉŽƌƚ KƚŚĞƌWĞƌŵŝƚƐ;ĨĞĞďĂƐĞĚŽŶƉĞƌĂƉƉůŝĐĂƚŝŽŶǁŚĞƌĞĂƉƉůŝĐĂďůĞͿ Ψϯϱ͘ϬϬΨϯϱ͘ϬϬ ^ƚĂĨĨĂƵƚŚŽƌŝnjĞĚŽŶŝŶŐĞƌƚŝĨŝĐĂƚĞ hƐĞŶŽŶͲƌĞƐĞƌƚhƐĞŶŽŶͲƌĞƐĞƌƚ ^ŝŐŶWĞƌŵŝƚ ΨϮϱϱ͘ϬϬΨϮϱϱ͘ϬϬ ŝůůďŽĂƌĚ;ŶĞǁΘƐŝŐŶĐƌĞĚŝƚͿ 'ƌĂĚŝŶŐWĞƌŵŝƚ;ŽŶŝŶŐĞƌƚŝĨŝĐĂƚĞͿΨϮϱϱ͘ϬϬΨϮϱϱ͘ϬϬ Ψϰϱ͘ϬϬΨϰϱ͘ϬϬ ZĞŶƚĂů,ŽƵƐŝŶŐĞƌƚŝĨŝĐĂƚĞ ΨϭϰϬ^ŝŶŐůĞ&ĂŵŝůLJ͕ΨϮϭϬKƚŚĞƌΨϭϰϬ^ŝŶŐůĞ&ĂŵŝůLJ͕ΨϮϭϬKƚŚĞƌ ŽŶŝŶŐŽŵƉůŝĂŶĐĞ>ĞƚƚĞƌ ΨϮ͕Ϯϯϱ͘ϬϬΨϮ͕Ϯϯϱ͘ϬϬ ŶǀŝƌŽŶŵĞŶƚĂůtŽƌŬƐŚĞĞƚ dŽďĞĚĞƚĞƌŵŝŶĞĚŽŶĐŽŶƚƌĂĐƚďĂƐŝƐdŽďĞĚĞƚĞƌŵŝŶĞĚŽŶĐŽŶƚƌĂĐƚďĂƐŝƐ ŶǀŝƌŽŶŵĞŶƚĂů/ŵƉĂĐƚ^ƚĂƚĞŵĞŶƚ hƐĞŶŽŶͲƌĞƐĞƌƚhƐĞŶŽŶͲƌĞƐĞƌƚ ĞŵŽůŝƚŝŽŶWĞƌŵŝƚ ΨϭϮϬ͘ϬϬΨϭϮϬ͘ϬϬ dĞŵƉŽƌĂƌLJWĞƌŵŝƚ EŽ&ĞĞEŽ&ĞĞ ĞƌƚŝĨŝĐĂƚĞŽĨƉƉƌŽƉƌŝĂƚĞŶĞƐƐͲDŝŶŽƌůƚĞƌĂƚŝŽŶƐ EŽ&ĞĞEŽ&ĞĞ ĞƌƚŝĨŝĐĂƚĞŽĨƉƉƌŽƉƌŝĂƚĞŶĞƐƐͲDĂũŽƌůƚĞƌĂƚŝŽŶƐ EŽ&ĞĞEŽ&ĞĞ ĞƐŝŐŶĂƚŝŽŶŽƌZĞŵŽǀĂůŽĨ>ĂŶĚŵĂƌŬWƌŽƉĞƌƚLJŽƌ>ĂŶĚŵĂƌŬŝƐƚƌŝĐƚ ĞǀĞůŽƉŵĞŶƚƉƉůŝĐĂƚŝŽŶ&ĞĞƐ;ĨĞĞďĂƐĞĚŽŶƉĞƌĂƉƉůŝĐĂƚŝŽŶǁŚĞƌĞĂƉƉůŝĐĂďůĞͿ ΨϮ͕ϯϮϱ͘ϬϬΨϮ͕ϯϮϬ͘ϬϬ /ŶĐĞŶƚŝǀĞĞǀĞůŽƉŵĞŶƚ Ψϭ͕ϮϬϱ͘ϬϬΨϭ͕ϮϬϬ͘ϬϬ 'ĞŶĞƌĂůĞǀĞůŽƉŵĞŶƚWůĂŶ ^ŝƚĞĞǀĞůŽƉŵĞŶƚWůĂŶΨϲϱϱ͘ϬϬΨϲϱϬ͘ϬϬ ^ŝƚĞĞǀĞůŽƉŵĞŶƚWůĂŶŵĞŶĚŵĞŶƚΨϰϬϱ͘ϬϬΨϰϬϬ͘ϬϬ >Žƚ>ŝŶĞZĞĂĚũƵƐƚŵĞŶƚΨϳϰϬ͘ϬϬΨϳϯϱ͘ϬϬ DŝŶŽƌDŽĚŝĨŝĐĂƚŝŽŶΨϮϮϱ͘ϬϬΨϮϮϬ͘ϬϬ Ψϲϱϱ͘ϬϬΨϲϱϬ͘ϬϬ &ůŽŽĚƉůĂŝŶĞǀĞůŽƉŵĞŶƚWĞƌŵŝƚ Ψϭ͕ϱϭϱƉĞƌĂƉƉůŝĐĂƚŝŽŶ͕ΨϯϱƉĞƌůŽƚΨϭ͕ϱϭϬƉĞƌĂƉƉůŝĐĂƚŝŽŶ͕ΨϯϬƉĞƌůŽƚ DŝŶŽƌ>ĂŶĚ^ƵďĚŝǀŝƐŝŽŶWĞƌŵŝƚ Ψϭ͕ϰϵϱ͘ϬϬΨϭ͕ϰϵϬ͘ϬϬ ŽŶĚŝƚŝŽŶĂůhƐĞWĞƌŵŝƚƉƉƌŽǀĞĚďLJWůĂŶŶŝŶŐŽŵŵŝƐƐŝŽŶ Ψϭ͕ϰϵϱ͘ϬϬΨϭ͕ϰϵϬ͘ϬϬ ^ŚŽƌĞůĂŶĚWƌŽƚĞĐƚŝŽŶWĞƌŵŝƚ ZĞƐŝĚĞŶƚŝĂůhƐĞ͗ΨϳϲϬZĞƐŝĚĞŶƚŝĂůhƐĞ͗Ψϳϱϱ EŽŶZĞƐŝĚĞŶƚŝĂůͬDƵůƚŝ&ĂŵŝůLJhƐĞ͗Ψϭ͕ϱϭϱEŽŶZĞƐŝĚĞŶƚŝĂůͬDƵůƚŝ&ĂŵŝůLJhƐĞ͗Ψϭ͕ϱϭϬ sĂƌŝĂŶĐĞ ΨϮ͕ϭϭϱƉĞƌĂƉƉůŝĐĂƚŝŽŶ͕ΨϯϱƉĞƌůŽƚΨϮ͕ϭϭϬƉĞƌĂƉƉůŝĐĂƚŝŽŶ͕ΨϯϬƉĞƌůŽƚ DĂũŽƌ>ĂŶĚ^ƵďĚŝǀŝƐŝŽŶWĞƌŵŝƚ Ψϭ͕ϱϭϱƉĞƌĂƉƉůŝĐĂƚŝŽŶ͕ΨϯϱƉĞƌůŽƚΨϭ͕ϱϭϬƉĞƌĂƉƉůŝĐĂƚŝŽŶ͕ΨϯϬƉĞƌůŽƚ &ŝŶĂůWůĂƚ ΨϮ͕ϯϮϱ͘ϬϬΨϮ͕ϯϮϬ͘ϬϬ ZĞnjŽŶŝŶŐ;KĨĨŝĐŝĂůŽŶŝŶŐDĂƉŵĞŶĚĞŵĞŶƚͿ Ψϭ͕ϰϵϱ͘ϬϬΨϭ͕ϰϵϬ͘ϬϬ DĂũŽƌDŽĚŝĨŝĐĂƚŝŽŶ Ψϭ͕ϱϭϱ͘ϬϬΨϭ͕ϱϭϬ͘ϬϬ ŶŶĞdžĂƚŝŽŶŽĨ>ĂŶĚ hƚŝůŝƚLJΨϳϲϬƉĞƌĂƉƉůŝĐĂƚŝŽŶ͕ZKtΨϭ͕ϱϯϱƉĞƌĂƉƉůŝĐĂƚŝŽŶhƚŝůŝƚLJΨϳϱϱƉĞƌĂƉƉůŝĐĂƚŝŽŶ͕ZKtΨϭ͕ϱϯϬƉĞƌĂƉƉůŝĐĂƚŝŽŶ sĂĐĂƚŝŽŶ Ψϭ͕ϮϬϱ͘ϬϬΨϭ͕ϮϬϬ͘ϬϬ hdĞdžƚŵĞŶĚŵĞŶƚ ΨϮ͕ϯϮϱ͘ϬϬΨϮ͕ϯϮϬ͘ϬϬ /ŶƚĞƌŝŵhƐĞWĞƌŵŝƚ ,ŽŵĞKĐĐƵƉĂƚŝŽŶΨϮϴϬ͘ϬϬΨϮϳϱ͘ϬϬ Ψϴϰϱ͘ϬϬΨϴϰϬ͘ϬϬ hWΘ'WŵĞŶĚŵĞŶƚ;^ƚĂĨĨůĞǀĞůͿ Ψϯϴϱ͘ϬϬΨϯϴϬ͘ϬϬ ƉƉĞĂů ΨϮ͕ϯϯϱ͘ϬϬΨϮ͕ϯϯϬ͘ϬϬ ŽŵƉƌĞŚĞŶƐŝǀĞWůĂŶĚŽƉƚŝŽŶŽƌŵĞŶĚŵĞŶƚ;>hWͿ ΨϮ͕ϯϯϱ͘ϬϬΨϮ͕ϯϯϬ͘ϬϬ 'ƌŽǁƚŚDĂŶĂŐĞŵĞŶƚDĂƉŵĞŶĚŵĞŶƚ EŽ&ĞĞEŽ&ĞĞ KĨĨŝĐŝĂůDĂƉĚŽƉƚŝŽŶ ΨϮ͕ϯϮϱ͘ϬϬΨϮ͕ϯϮϬ͘ϬϬ ŝƐƚŝŶĐƚŝǀĞĞǀĞůŽƉŵĞŶƚ ŽŶĚŝƚŝŽŶĂůhƐĞWĞƌŵŝƚƉƉƌŽǀĞĚďLJŝƚLJŽƵŶĐŝůΨϮ͕ϯϮϱ͘ϬϬΨϮ͕ϯϮϬ͘ϬϬ WƵďůŝĐEŽƚŝĐĞ;ƉĞƌŶŽƚŝĨŝĐĂƚŝŽŶͿΨϭϮϱ͘ϬϬΨϭϮϬ͘ϬϬ dĂdž/ŶĐƌĞŵĞŶƚ&ŝŶĂŶĐŝŶŐƉƉůŝĐĂƚŝŽŶ&ĞĞ;d/&ͿΨϴ͕ϬϬϬ͘ϬϬΨϱ͕ϬϬϬ͘ϬϬ &ŝƌĞ ^ĞƌǀŝĐĞϮϬϮϲ&ĞĞϮϬϮϱ&ĞĞ WĞƌŵŝƚƉƉůŝĐĂƚŝŽŶ&ĞĞΨϳϱ͘ϬϬΨϳϱ͘ϬϬ &ŝƌĞŽĚĞ^ƉĞĐŝĨŝĞĚKƉĞƌĂƚŝŽŶĂůWĞƌŵŝƚΨϳϱ͘ϬϬΨϳϱ͘ϬϬ &ŝƌĞWƌŽƚĞĐƚŝŽŶ^LJƐƚĞŵŽŶƐƚƌƵĐƚŝŽŶͬDŽĚŝĨŝĐĂƚŝŽŶWĞƌŵŝƚϯ͘ϬйŽĨƚŚĞƐLJƐƚĞŵĐŽƐƚǁŝƚŚĂŵŝŶŝŵƵŵŽĨΨϳϱ͘ϬϬϯ͘ϬйŽĨƚŚĞƐLJƐƚĞŵĐŽƐƚǁŝƚŚĂŵŝŶŝŵƵŵŽĨΨϳϱ͘ϬϬ ŶŝŶƐƉĞĐƚŝŽŶĨĞĞĨŽƌǁŽƌŬǁŝƚŚŽƵƚĂĨŝƌĞĚĞƉĂƌƚŵĞŶƚŶŝŶƐƉĞĐƚŝŽŶĨĞĞĨŽƌǁŽƌŬǁŝƚŚŽƵƚĂĨŝƌĞĚĞƉĂƌƚŵĞŶƚ ĐŽŶƐƚƌƵĐƚŝŽŶƉĞƌŵŝƚƐŚĂůůďĞĂƐƐĞƐƐĞĚŝŶƚŚĞĂŵŽƵŶƚĐŽŶƐƚƌƵĐƚŝŽŶƉĞƌŵŝƚƐŚĂůůďĞĂƐƐĞƐƐĞĚŝŶƚŚĞĂŵŽƵŶƚ tŽƌŬǁŝƚŚŽƵƚĂWĞƌŵŝƚ^ƉĞĐŝĂů/ŶƐƉĞĐƚŝŽŶĞƋƵĂůƚŽƚŚĞŶŽƌŵĂůĨŝƌĞĚĞƉĂƌƚŵĞŶƚĐŽŶƐƚƌƵĐƚŝŽŶĨĞĞ͘ĞƋƵĂůƚŽƚŚĞŶŽƌŵĂůĨŝƌĞĚĞƉĂƌƚŵĞŶƚĐŽŶƐƚƌƵĐƚŝŽŶĨĞĞ͘ sŝŽůĂƚŝŽŶEŽƚŝĐĞZĞͲ/ŶƐƉĞĐƚŝŽŶΨϭϱϬ͘ϬϬΨϭϱϬ͘ϬϬ &ŝƌĞWƌŽƚĞĐƚŝŽŶ ƋƵŝƉŵĞŶƚDĂŝŶƚĞŶĂŶĐĞĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞΨϭϱ͘ϬϬΨϭϱ͘ϬϬ ƵƚŚŽƌŝnjĞĚƵƌŶŝŶŐΨϯϬϬ͘ϬϬΨϯϬϬ͘ϬϬ WŽůŝĐĞ ^ĞƌǀŝĐĞϮϬϮϲ&ĞĞϮϬϮϱ&ĞĞ WĂǁŶ^ŚŽƉdƌĂŶƐĂĐƚŝŽŶ&ĞĞƐ;ƉĞƌƚƌĂŶƐĂĐƚŝŽŶͿΨϭ͘ϱϬΨϭ͘ϱϬ ŶŝŵĂůŽŶƚƌŽůĚŽƉƚŝŽŶ&ĞĞƐΨϱϬ͘ϬϬΨϱϬ͘ϬϬ ŶŝŵĂůŽŶƚƌŽů/ŵƉŽƵŶĚ&ĞĞƐΨϱϱ͘ϬϬΨϱϱ͘ϬϬ ŶŝŵĂůŽŶƚƌŽůŽĂƌĚŝŶŐ&ĞĞ;ƉĞƌĚĂLJͿΨϯϱ͘ϬϬΨϯϱ͘ϬϬ ŶŝŵĂůŽŶƚƌŽůKƚŚĞƌ&ĞĞƐ KǁŶĞƌZĞůĞĂƐĞǁŝƚŚĐƵƌƌĞŶƚƐŚŽƚƐΨϯϱ͘ϬϬΨϯϱ͘ϬϬ KǁŶĞƌZĞůĞĂƐĞǁŝƚŚŽƵƚĐƵƌƌĞŶƚƐŚŽƚƐŽƌKǁŶĞƌƌĞůĞĂƐĞƵŶĂůƚĞƌĞĚΨϳϱ͘ϬϬΨϳϱ͘ϬϬ ŶŝŵĂůŽŶƚƌŽů&ĞĞƐĨŽƌdŽǁŶƐŚŝƉƐ ĂŶŐĞƌŽƵƐŽŐĂůůŽƵƚ;ƉĞƌŚŽƵƌ͕ϮŚƌ͘ŵŝŶŝŵƵŵͿΨϱϬ͘ϬϬΨϱϬ͘ϬϬ sĞŚŝĐůĞhƐĂŐĞ&ĞĞΨϮϱ͘ϬϬΨϮϱ͘ϬϬ /ŵƉŽƵŶĚ&ĞĞΨϱϱ͘ϬϬΨϱϱ͘ϬϬ ĂŝůLJŽĂƌĚŝŶŐ&ĞĞΨϯϱ͘ϬϬΨϯϱ͘ϬϬ KǁŶĞƌZĞůĞĂƐĞ&ĞĞΨϳϱ͘ϬϬΨϳϱ͘ϬϬ ŽƉŝĞƐŽƌdƌĂŶƐŵŝƐƐŝŽŶŽĨ ůĞĐƚƌŽŶŝĐZĞĐŽƌĚƐ ^ƚĂƚĞĐĐŝĚĞŶƚZĞƉŽƌƚƐΨϬ͘ϬϬΨϬ͘ϬϬ WƵďůŝĐZĞƉŽƌƚƐ;ůĞƐƐƚŚĂŶϰƉĂŐĞƐͿΨϬ͘ϬϬΨϬ͘ϬϬ WƵďůŝĐZĞƉŽƌƚƐ;ϰͲϭϬϬ͕ƉĞƌƉĂŐĞƐ͕ƉĞƌƉĂŐĞΨϬ͘ϮϱΨϬ͘Ϯϱ ΨϯϬͬŚƌ͘;ŵŝŶŽĨϭͬϰŚƌ͘ŝŶĐƌĞŵĞŶƚͿсΨϯϬͬŚƌ͘;ŵŝŶŽĨϭͬϰŚƌ͘ŝŶĐƌĞŵĞŶƚͿс WƵďůŝĐZĞƉŽƌƚƐ;ŽǀĞƌϭϬϬƉĂŐĞƐͿƌĞƐĞĂƌĐŚͬĐŽŵƉŝůĂƚŝŽŶнĐŽƐƚŽĨŵĞĚŝĂнĐŽƐƚŽĨŵĂŝůŝŶŐƌĞƐĞĂƌĐŚͬĐŽŵƉŝůĂƚŝŽŶнĐŽƐƚŽĨŵĞĚŝĂнĐŽƐƚŽĨŵĂŝůŝŶŐ ŝŐŝƚĂůƉŚŽƚŽƐͲĞŵĂŝůŽƌ;ƉĞƌĐĂƐĞͿΨϭϬ͘ϬϬΨϭϬ͘ϬϬ ŝŐŝƚĂůĂƵĚŝŽͲĞŵĂŝůŽƌ;ƉĞƌĐĂƐĞͿΨϭϬ͘ϬϬΨϭϬ͘ϬϬ ŝŐŝƚĂůǀŝĚĞŽͲĞŵĂŝůŽƌ;ƉĞƌĐĂƐĞͿΨϭϬ͘ϬϬEͬ ŽĚLJĂŵ;ƉĞƌĐĂƐĞͿΨϯϬ͘ϬϬΨϯϬ͘ϬϬ ΨϯϬͬŚƌ͘;ŵŝŶŽĨϭͬϰŚƌ͘ŝŶĐƌĞŵĞŶƚͿсƚƌĂŶƐĐƌŝƉƚŝŽŶнĐŽƐƚΨϯϬͬŚƌ͘;ŵŝŶŽĨϭͬϰŚƌ͘ŝŶĐƌĞŵĞŶƚͿсƚƌĂŶƐĐƌŝƉƚŝŽŶнĐŽƐƚ ϵϭϭdƌĂŶƐĐƌŝƉƚŽĨŵĞĚŝĂ;ŝĨĂŶLJͿнĐŽƐƚŽĨŵĂŝůŝŶŐŽĨŵĞĚŝĂ;ŝĨĂŶLJͿнĐŽƐƚŽĨŵĂŝůŝŶŐ ĂĐŬŐƌŽƵŶĚŚĞĐŬƐ;ƉĞƌŶĂŵĞĐŚĞĐŬĞĚͿΨϳ͘ϱϬΨϳ͘ϱϬ ĂůůƐĨŽƌ^ĞƌǀŝĐĞ^ƵŵŵĂƌŝĞƐ;ƉĞƌƐŝdžŵŽŶƚŚƐͿΨϳ͘ϱϬΨϳ͘ϱϬ WĂƌŬƐĂŶĚZĞĐƌĞĂƚŝŽŶ;ĚŽƉƚĞĚďLJWĂƌŬŽĂƌĚĂŶĚ/ŶĐŽƌƉŽƌĂƚĞĚĨŽƌZĞĨĞƌĞŶĐĞͿ ^ĞƌǀŝĐĞϮϬϮϲ&ĞĞϮϬϮϱ&ĞĞ 'ŽůĨŝǀŝƐŝŽŶ ^ĞĂƐŽŶWĂƐƐ&ĞĞƐ;ƚĂdžEKdŝŶĐůƵĚĞĚͿ ĚƵůƚZĞŐƵůĂƌ^ĞĂƐŽŶΨϭ͕ϮϱϱΨϭ͕Ϯϭϴ ^ĞŶŝŽƌZĞŐƵůĂƌ^ĞĂƐŽŶΨϭ͕ϬϵϳΨϭ͕Ϭϲϱ ĚƵůƚŽƵƉůĞZĞŐƵůĂƌ^ĞĂƐŽŶΨϭ͕ϳϮϴΨϭ͕ϲϳϴ &ĂŵŝůLJZĞŐƵůĂƌ^ĞĂƐŽŶ;ĂůůŵĞŵďĞƌƐŽĨƐĂŵĞĨĂŵŝůLJŝŶƐĂŵĞŚŽƵƐĞŚŽůĚ͕ũƵŶŝŽƌƐ Ψϭ͕ϴϴϲΨϭ͕ϴϯϭ ĂŐĞϭϴĂŶĚƵŶĚĞƌͿ ^ĞŶŝŽƌŽƵƉůĞZĞŐƵůĂƌ^ĞĂƐŽŶ;ŶŽŐƌĂŶĚĐŚŝůĚƌĞŶͿΨϭ͕ϲϭϴΨϭ͕ϱϳϬ &ƵƚƵƌĞƐZĞŐƵůĂƌ^ĞĂƐŽŶ;ĂŐĞƐϭϵƚŽϮϱͿΨϱϱϮΨϱϯϲ zŽƵŶŐĚƵůƚZĞŐƵůĂƌ^ĞĂƐŽŶ;ĂŐĞƐϮϲƚŽϯϬͿΨϴϱϮΨϴϮϳ zŽƵŶŐĚƵůƚŽƵƉůĞZĞŐƵůĂƌ^ĞĂƐŽŶ;ďŽƚŚŵƵƐƚďĞƵŶĚĞƌĂŐĞϯϬͿΨϭ͕ϭϴϰΨϭ͕ϭϰϵ :ƵŶŝŽƌZĞŐƵůĂƌ^ĞĂƐŽŶ;ƚŽĂŐĞϭϴ͕ĂůůϰŐŽůĨĐŽƵƌƐĞƐͿΨϮϴϰΨϮϳϲ WĂƚƌŽŶĂƌĚZĞŐƵůĂƌ^ĞĂƐŽŶ;ϮϱйŽĨĨŐƌĞĞŶĨĞĞƐͿΨϭϭϴΨϭϭϴ ,ĂĚůĞLJƌĞĞŬĚƵůƚZĞŐƵůĂƌ^ĞĂƐŽŶΨϲϮϯΨϲϬϱ ,ĂĚůĞLJƌĞĞŬ&ĂŵŝůLJZĞŐƵůĂƌ^ĞĂƐŽŶΨϭ͕ϬϵϳΨϭ͕Ϭϲϱ WƌŝǀĂƚĞ'ŽůĨĂƌ&ĞĞZĞŐƵůĂƌ^ĞĂƐŽŶΨϰϵϯΨϰϵϯ ,ĂĚůĞLJƌĞĞŬWƌŝǀĂƚĞ'ŽůĨĂƌ&ĞĞZĞŐƵůĂƌ^ĞĂƐŽŶΨϮϯϱΨϮϯϱ ĂŝůLJ&ĞĞƐ;ƚĂdžŝŶĐůƵĚĞĚͿ ΨϮϰΨϮϯ ϵ,ŽůĞ'ƌĞĞŶ&ĞĞ ΨϮϭΨϮϬ ϵ,ŽůĞ^ĞŶŝŽƌ'ƌĞĞŶ&ĞĞ ΨϭϴΨϭϳ ϵ,ŽůĞWĂƚƌŽŶ'ƌĞĞŶ&ĞĞ ΨϭϮΨϭϮ ϵ,ŽůĞ:ƵŶŝŽƌ'ƌĞĞŶ&ĞĞ;ƚŽĂŐĞϭϴͿ ΨϭϲΨϭϱ ϵ,ŽůĞ^ĞŶŝŽƌWĂƚƌŽŶ'ƌĞĞŶ&ĞĞ ΨϰϬΨϯϴ ϭϴ,ŽůĞ'ƌĞĞŶ&ĞĞ ΨϯϱΨϯϰ ϭϴ,ŽůĞ^ĞŶŝŽƌ'ƌĞĞŶ&ĞĞ ΨϯϬΨϮϵ ϭϴ,ŽůĞWĂƚƌŽŶ'ƌĞĞŶ&ĞĞ ΨϮϱΨϮϰ ϭϴ,ŽůĞ:ƵŶŝŽƌ'ƌĞĞŶ&ĞĞ;ƚŽĂŐĞϭϴͿ ΨϮϲΨϮϱ ϭϴ,ŽůĞ^ĞŶŝŽƌWĂƚƌŽŶ'ƌĞĞŶ&ĞĞ ΨϭϲΨϭϲ ϮŶĚϵ,ŽůĞ'ƌĞĞŶ&ĞĞ ΨϭϰΨϭϯ ϮŶĚϵ,ŽůĞ^ĞŶŝŽƌ'ƌĞĞŶ&ĞĞ ΨϭϮΨϭϮ ϮŶĚϵ,ŽůĞWĂƚƌŽŶ'ƌĞĞŶ&ĞĞ ΨϭϬΨϭϬ ϮŶĚϵ,ŽůĞ^ĞŶŝŽƌWĂƚƌŽŶ'ƌĞĞŶ&ĞĞ ΨϳϮΨϳϮ ĂŝůLJ^ƉĞĐŝĂůŽŵďŽ;'ƌĞĞŶ&ĞĞнĂƌƚĨŽƌϮƉĞŽƉůĞͿ Ψϭ͕ϮϬϬΨϭ͕ϬϵϮ ƌŽƐƐŽƵŶƚƌLJ&ĞĞ Ăƌƚ&ĞĞƐ;ƚĂdžŝŶĐůƵĚĞĚͿ ΨϭϳΨϭϳ ϭϴ,ŽůĞŶLJĂLJ;WĞƌƌŝĚĞƌͿ ΨϭϭΨϭϭ ϵ,ŽůĞŶLJĂLJ;WĞƌƌŝĚĞƌͿ ΨϭϰΨϭϰ ϭϴ,ŽůĞ^ĞŶŝŽƌŶLJĂLJ;WĞƌƌŝĚĞƌͿ ΨϭϭΨϭϭ ϵ,ŽůĞ^ĞŶŝŽƌŶLJĂLJ;WĞƌƌŝĚĞƌͿ ,ĂĚůĞLJƌĞĞŬ'ŽůĨ>ĞĂƌŶŝŶŐĞŶƚĞƌ ĂŝůLJ&ĞĞƐ;ƚĂdžŝŶĐůƵĚĞĚͿ Ψϲ͘ϬϬΨϱ͘ϬϬ ƵĐŬĞƚŽĨĂůůƐͲ^ŵĂůů Ψϵ͘ϬϬΨϴ͘ϬϬ DĞĚŝƵŵ Ψϭϲ͘ϬϴΨϭϱ͘ϲϭ ϵ,ŽůĞ'ƌĞĞŶ&ĞĞ Ψϵ͘ϵϬΨϵ͘ϲϭ ϵ,ŽůĞWĂƚƌŽŶ'ƌĞĞŶ&ĞĞ Ψϵ͘ϵϬΨϵ͘ϲϭ ϵ,ŽůĞ:ƵŶŝŽƌ'ƌĞĞŶ&ĞĞ Ψϳ͘ϬϬΨϲ͘ϬϬ &ŝƌƐƚdĞĞWůĂLJĞƌ Ψϭϭ͘ϭϯΨϭϬ͘ϴϭ ϮŶĚϵ,ŽůĞ'ƌĞĞŶ&ĞĞ Ψϴ͘ϯϱΨϴ͘ϭϭ ϮŶĚϵ,ŽůĞWĂƚƌŽŶ'ƌĞĞŶ&ĞĞ Ψϭϳ͘ϬϬΨϭϳ͘ϬϬ ϵĂƌƚ Ψϰ͘ϬϬΨϰ͘ϬϬ WƵůůĂƌƚ Ψϱ͘ϬϬΨϱ͘ϬϬ ZĞŶƚĂůůƵďƐ KƚŚĞƌ;ůů&ĂĐŝůŝƚŝĞƐͿ ΨϮϱ͘ϬϬͲΨϮϬϬ͘ϬϬΨϮϱ͘ϬϬͲΨϮϬϬ͘ϬϬ 'ŽůĨ>ĞƐƐŽŶƐ;ƚĂdžŝŶĐůƵĚĞĚͿ &ŽƌĞƐƚƌLJŝǀŝƐŝŽŶ ΨϴϬ͘ϬϬΨϴϬ͘ϬϬ ŽŵŵĞƌĐŝĂůdƌĞĞ>ŝĐĞŶƐĞ ΨϱϬ͘ϬϬΨϱϬ͘ϬϬ WĂƌŬŝƐƚƵƌďĂŶĐĞWĞƌŵŝƚ ΨϱϬ͘ϬϬΨϱϬ͘ϬϬ ŽƵůĞǀĂƌĚdƌĞĞWůĂŶƚŝŶŐ&ĞĞ;ƉĞƌƚƌĞĞͿ Ψϯϱ͘ϬϬΨϯϱ͘ϬϬ 'ĂƌĚĞŶWůŽƚƐ ΨϯϮϬ͘ϬϬΨϮϴϬ͘ϬϬ ĂŶŽƉLJ>ŽƐƐ&ĞĞ;ƉĞƌĚŝĂŵĞƚĞƌŝŶĐŚͿ WĂƌŬŝǀŝƐŝŽŶ WŝĐŶŝĐ^ŚĞůƚĞƌZĞƐĞƌǀĂƚŝŽŶƐ;ƚĂdžEKdŝŶĐůƵĚĞĚͿ Ψϭ͕ϬϬϬ͘ϬϬΨϭ͕ϬϬϬ͘ϬϬ >ĞǀĞůWƌĞŵŝĞƌͲĂƐĐĂĚĞ>ĂŬĞƐŝĚĞ;&ƌŝĚĂLJͲ^ƵŶĚĂLJͿ ΨϱϬϬ͘ϬϬΨϱϬϬ͘ϬϬ ĂƐĐĂĚĞ>ĂŬĞƐŝĚĞ;DŽŶĚĂLJͲdŚƵƌƐĚĂLJͿ ΨϯϱϬ͘ϬϬΨϯϱϬ͘ϬϬ >ĞǀĞů/ͲĞĂƌƌĞĞŬWĂƌŬ;ϯϬϬƉĞƌƐŽŶƐͿ ΨϯϱϬ͘ϬϬΨϯϱϬ͘ϬϬ ƐƐĞdžWĂƌŬ;ϯϬϬƉĞƌƐŽŶƐͿ ΨϯϱϬ͘ϬϬΨϯϱϬ͘ϬϬ tĞƐƚ^ŝůǀĞƌ>ĂŬĞ;ϭϬϬƉĞƌƐŽŶƐͿ ĂƐĐĂĚĞŵƉŚŝƚŚĞĂƚĞƌ;ϯϬϬƉĞƌƐŽŶƐͿΎ,ŝŐŚĞƌĂƚƚĞŶĚĂŶĐĞŝƐĂŶĞǀĞŶƚƚŚĂƚŝƐ ĐĂůĐƵůĂƚĞĚƐĞƉĂƌĂƚĞůLJΨϯϱϬ͘ϬϬΨϯϱϬ͘ϬϬ ΨϮϱϬ͘ϬϬΨϮϱϬ͘ϬϬ ^ŝůǀĞƌ>ĂŬĞdŚƌĞĞ>ŝŶŬƐ;ϭϬϬƉĞƌƐŽŶƐ͕ƉĞƌϰŚŽƵƌƐͿ >ĞǀĞů//ͲŽŽŬ͕^ůĂƚƚĞƌůLJ͕ ĂƐƚ^ŝůǀĞƌ>ĂŬĞ͕^ŽůĚŝĞƌƐ&ŝĞůĚ͕YƵĂƌƌLJ,ŝůůWĂƌŬƐ;ϭϮϱ ƉĞƌƐŽŶƐͿΨϮϱϬ͘ϬϬΨϮϱϬ͘ϬϬ >ĞǀĞů///ͲĞŶƚƌĂů͕ ĂƐƚǁŽŽĚ͕&ŽƐƚĞƌͲƌĞŶĚ͕<ƵƚnjŬLJ͕ZĞǀ͘ƌ͘DĂƌƚŝŶ>ƵƚŚĞƌ<ŝŶŐ͕:ƌ͕͘ tĂƚƐŽŶ͕ĂƐĐĂĚĞWĂǀŝůůŝŽŶWĂƌŬƐ;ϱϬWĞƌƐŽŶƐͿΨϭϱϬ͘ϬϬΨϭϱϬ͘ϬϬ ^ŝůǀĞƌ>ĂŬĞ^ƚĂƚŝŽŶDĂŝŶ&ůŽŽƌZĞŶƚĂů;ƉĞƌŚŽƵƌͿΨϮϱ͘ϬϬΨϮϱ͘ϬϬ ΨϰϬ͘ϬϬΨϰϬ͘ϬϬ KƉĞŶ^ƉĂĐĞ&ŝĞůĚZĞƐĞƌǀĂƚŝŽŶ;ƉĞƌϮ͘ϱŚŽƵƌƐ͕ĂƉƉƌŽdž͘ϮϬϬdžϯϬϬͿ ΨϯϬ͘ϬϬΨϯϬ͘ϬϬ ĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞ ΨϱϬ͘ϬϬΨϱϬ͘ϬϬ WĂƌŬŝƐƚƵƌďĂŶĐĞ&ĞĞ ΨϱϬ͘ϬϬΨϱϬ͘ϬϬ <ĞLJĞƉŽƐŝƚ ΎzŽƵƚŚƚĞĂŵƐƉĂLJŝŶŐƚŚĞĨŝĞůĚŵĂŝŶƚĞŶĂŶĐĞĨĞĞǁŝůůŶŽƚΎzŽƵƚŚƚĞĂŵƐƉĂLJŝŶŐƚŚĞĨŝĞůĚŵĂŝŶƚĞŶĂŶĐĞĨĞĞǁŝůůŶŽƚ &ŝĞůĚZĞƐĞƌǀĂƚŝŽŶƐ;ƚĂdžEKdŝŶĐůƵĚĞĚͿďĞĐŚĂƌŐĞĚĂƌĞŶƚĂůĨĞĞĞdžĐĞƉƚŽŶƐĞůĞĐƚĨŝĞůĚƐ͘ďĞĐŚĂƌŐĞĚĂƌĞŶƚĂůĨĞĞĞdžĐĞƉƚŽŶƐĞůĞĐƚĨŝĞůĚƐ͘ WůĂLJĞƌDĂŝŶƚĞŶĂŶĐĞ&ĞĞͲzŽƵƚŚ;ƉĞƌƉůĂLJĞƌͿΨϭϲ͘ϬϬΨϭϰ͘ϬϬ Ψϭϳϱ͘ϬϬΨϭϱϬ͘ϬϬ DĂLJŽ&ŝĞůĚͲĚƵůƚƐ;ƉĞƌŐĂŵĞͿ ΨϭϬϬ͘ϬϬΨϳϱ͘ϬϬ DĂLJŽ&ŝĞůĚͲzŽƵƚŚ;ƉĞƌŐĂŵĞͿ ΨϭϱϬ͘ϬϬΨϭϯϬ͘ϬϬ ,ƵĚƐŽŶ&ŝĞůĚͲĚƵůƚƐ;ƉĞƌŐĂŵĞͿ Ψϳϱ͘ϬϬΨϲϱ͘ϬϬ ,ƵĚƐŽŶ&ŝĞůĚͲzŽƵƚŚ;ƉĞƌŐĂŵĞͿ ΨϱϬ͘ϬϬΨϰϱ͘ϬϬ DĐYƵŝůůĂŶͲĚƵůƚƐ;ƉĞƌŐĂŵĞ͕ƉĞƌĨŝĞůĚͿ ΨϮϱ͘ϬϬΨϮϱ͘ϬϬ DĐYƵŝůůĂŶͲzŽƵƚŚ;ƉĞƌŐĂŵĞΎͿ ΨϳϱϬ͘ϬϬΨϱϬϬ͘ϬϬ DĐYƵŝůůĂŶŽŵƉůĞdž;ƉĞƌĚĂLJ͕ĂůůĨŝĞůĚƐͿ ΨϰϬ͘ϬϬΨϯϬ͘ϬϬ ŚƵƌĐŚ>ĞĂŐƵĞ;ƉĞƌŐĂŵĞͿ ΨϱϬ͘ϬϬΨϯϬ͘ϬϬ ^ŽůĚŝĞƌƐ&ŝĞůĚͲĚƵůƚƐ;ƉĞƌŐĂŵĞͿ ΨϮϱ͘ϬϬΨϯϬ͘ϬϬ ^ŽůĚŝĞƌƐ&ŝĞůĚͲzŽƵƚŚ;ƉĞƌŐĂŵĞΎͿ ΨϳϱϬ͘ϬϬΨϱϬϬ͘ϬϬ zŽƵƚŚ&ĂƐƚƉŝƚĐŚŽŵƉůĞdž;ƉĞƌĚĂLJ͕ϱĨŝĞůĚƐĨŽƌƚŽƵƌŶĂŵĞŶƚƐͿ ΨϭϱϬ͘ϬϬΨϭϯϬ͘ϬϬ ZĂƐĞďĂůů&ŝĞůĚƐηϭͲηϰͲĚƵůƚƐ;ƉĞƌŐĂŵĞͿ Ψϳϱ͘ϬϬΨϲϱ͘ϬϬ ZĂƐĞďĂůů&ŝĞůĚƐηϭͲηϰͲzŽƵƚŚ;ƉĞƌŐĂŵĞΎͿ Ψϳϱ͘ϬϬΨϱϬ͘ϬϬ ZĂƐĞďĂůů&ŝĞůĚƐηϱΘηϲͲĚƵůƚƐ;ƉĞƌŐĂŵĞͿ ΨϰϬ͘ϬϬΨϮϱ͘ϬϬ ZĂƐĞďĂůů&ŝĞůĚƐηϱΘηϲͲzŽƵƚŚ;ƉĞƌŐĂŵĞΎͿ ΨϱϬ͘ϬϬΨϯϬ͘ϬϬ tĂƚƐŽŶ&ŝĞůĚƐ;ƉĞƌŐĂŵĞͿ ΨϱϬϬ͘ϬϬΨϱϬϬ͘ϬϬ tĂƚƐŽŶŽŵƉůĞdž;ƉĞƌĚĂLJ͕ϰĨŝĞůĚƐĨŽƌƚŽƵƌŶĂŵĞŶƚƐͿ 'ĞŶĞƌĂůĂůůŝĂŵŽŶĚƐΘ^ƉŽƌƚƐ&ŝĞůĚƐ;ƉĞƌŐĂŵĞͿΨϰϬ͘ϬϬΨϯϬ͘ϬϬ Ψϳϱ͘ϬϬΨϳϬ͘ϬϬ &ŝĞůĚWƌĞƉͲƌĂŐ&ŝĞůĚ &ŝĞůĚWƌĞƉͲ>ŝŶĞ&ŝĞůĚ;&ĞĞƐŝŶĐůƵĚĞĨŝĞůĚĚƌĂŐŐŝŶŐDŽŶĚĂLJͲ&ƌŝĚĂLJͿΨϰϱ͘ϬϬΨϰϱ͘ϬϬ &ŝĞůĚWƌĞƉͲDŽǀĞĂƐĞƐ;&ĞĞƐŝŶĐůƵĚĞĨŝĞůĚĚƌĂŐŐŝŶŐDŽŶĚĂLJͲ&ƌŝĚĂLJͿΨϳϱ͘ϬϬΨϲϬ͘ϬϬ &ŝĞůĚWƌĞƉͲůĞĂŶ'ƌĂŶĚƐƚĂŶĚΘZĞƐƚƌŽŽŵƐĂƚDĂLJŽ&ŝĞůĚ;&ĞĞƐŝŶĐůƵĚĞĨŝĞůĚ ĚƌĂŐŐŝŶŐDŽŶĚĂLJͲ&ƌŝĚĂLJͿΨϲϬϬ͘ϬϬΨϱϬϬ͘ϬϬ ΨϰϬ͘ϬϬΨϯϬ͘ϬϬ ^ĂŶĚsŽůůĞLJďĂůů;ƉĞƌŐĂŵĞ͕ƉĞƌĐŽƵƌƚͿ Ψϯϱ͘ϬϬΨϯϱ͘ϬϬ ŽƵƌƚWƌĞƉͲƌĂŐ&ŝĞůĚ Ψϳϱ͘ϬϬΨϲϬ͘ϬϬ ^ŽůĚŝĞƌƐ&ŝĞůĚ^ŽĐĐĞƌͬ&ŽŽƚďĂůůͲĚƵůƚƐ;ƉĞƌŐĂŵĞ͕ϮŚŽƵƌĞǀĞŶƚƐͿ ΨϰϬ͘ϬϬΨϯϬ͘ϬϬ ^ŽůĚŝĞƌƐ&ŝĞůĚ^ŽĐĐĞƌͬ&ŽŽƚďĂůůͲzŽƵƚŚ;ƉĞƌŐĂŵĞΎͿ Ψϳϱ͘ϬϬΨϲϬ͘ϬϬ &ƵĂĚDĂŶƐŽƵƌ^ŽĐĐĞƌͲĚƵůƚƐ;ƉĞƌŐĂŵĞͿ Ψϳϱ͘ϬϬΨϲϬ͘ϬϬ tĂƚƐŽŶ^ŽĐĐĞƌ;ƉĞƌŐĂŵĞͿ Ψϳϱ͘ϬϬΨϲϬ͘ϬϬ tŝƚŚĞƌƐ^ŽĐĐĞƌ;ƉĞƌŐĂŵĞͿ ΨϱϬ͘ϬϬΨϰϬ͘ϬϬ ^ŝůǀĞƌ>ĂŬĞ^ŽĐĐĞƌ;ƉĞƌŐĂŵĞ͕ϮŚŽƵƌĞǀĞŶƚƐͿ ΨϱϬ͘ϬϬΨϰϬ͘ϬϬ ^ŽƵƚŚĞƌŶtŽŽĚƐ^ŽĐĐĞƌ;ƉĞƌŐĂŵĞ͕ůŝŶŝŶŐĞdžƚƌĂͿ ΨϱϬ͘ϬϬΨϰϬ͘ϬϬ D><^ŽĐĐĞƌ;ƉĞƌŐĂŵĞ͕ůŝŶŝŶŐĞdžƚƌĂͿ ΨϰϬ͘ϬϬΨϯϬ͘ϬϬ &ƵĂĚDĂŶƐŽƵƌ^ŽĐĐĞƌͲ^ĐŚŽŽůƐ;ƉĞƌŐĂŵĞΎͿ tĂƚƐŽŶ^ŽĐĐĞƌ tŝƚŚĞƌƐ^ŽĐĐĞƌ ΨϱϬ͘ϬϬΨϭϱϬ͘ϬϬ &ŝĞůĚWƌĞƉͲWĂŝŶƚ&ŝĞůĚ;,ŽƵƌůLJͿ Ψϳϱ͘ϬϬΨϲϬ͘ϬϬ hZ&ŽŽƚďĂůů&ŝĞůĚƐͲĚƵůƚ;ƉĞƌŐĂŵĞͿ ΨϰϬ͘ϬϬΨϯϬ͘ϬϬ hZ&ŽŽƚďĂůů&ŝĞůĚƐͲ^ĐŚŽŽůƐ;ƉĞƌŐĂŵĞΎͿ ΨϱϬ͘ϬϬΨϮϬϬ͘ϬϬ &ŝĞůĚWƌĞƉͲWĂŝŶƚ&ŝĞůĚ;,ŽƵƌůLJͿ ΨϳϱϬ͘ϬϬΨϱϬϬ͘ϬϬ &ƵĂĚDĂŶƐŽƵƌ^ŽĐĐĞƌŽŵƉůĞdž;ƉĞƌĚĂLJ͕ϲĨŝĞůĚƐͿ ΨϲϬϬ͘ϬϬΨϱϬϬ͘ϬϬ tĂƚƐŽŶ^ŽĐĐĞƌŽŵƉůĞdž;ƉĞƌĚĂLJ͕ϲĨŝĞůĚƐͿ ΨϱϬϬ͘ϬϬΨϱϬϬ͘ϬϬ tŝƚŚĞƌƐ^ŽĐĐĞƌŽŵƉůĞdž;ƉĞƌĚĂLJ͕ϯĨŝĞůĚƐͿ WĂƌŬ>ĂďŽƌZĂƚĞƐ ΨϱϬ͘ϬϬΨϰϬ͘ϬϬ ZĞŐƵůĂƌ,ŽƵƌƐDŽŶĚĂLJͲ&ƌŝĚĂLJ;ƉĞƌŚŽƵƌͿ ΨϳϬ͘ϬϬΨϲϬ͘ϬϬ KǀĞƌƚŝŵĞ;ƉĞƌŚŽƵƌͿ WĂƌŬ&ƵƌŶŝƚƵƌĞΘDŝƐĐĞůůĂŶĞŽƵƐ;ĨŽƌƵƐĞŝŶWĂƌŬƐ&ĂĐŝůŝƚŝĞƐŽƌŝƚLJ^ƉŽŶƐŽƌĞĚ ǀĞŶƚ͕ƚĂdžEKdŝŶĐůƵĚĞĚͿ ΨϱϬϬ͘ϬϬΨϯϱϬ͘ϬϬ ,ŝŐŚǁĂLJůĞĂĐŚĞƌ;ƉĞƌďůĞĂĐŚĞƌ͕ƉĞƌĞǀĞŶƚͿ ΨϱϬϬ͘ϬϬΨϯϱϬ͘ϬϬ ^ƉĞĞĚLJůĞĂĐŚĞƌ;ƉĞƌĞǀĞŶƚͿ ΨϭϬϬ͘ϬϬΨϭϬϬ͘ϬϬ WŽƌƚĂďůĞůĞĂĐŚĞƌ;ƉĞƌďůĞĂĐŚĞƌ͕ƉĞƌĞǀĞŶƚͿ ^ŚŽǁŵŽďŝůĞ;ƉĞƌĚĂLJ͕/ŶĐůƵĚĞƐƐĞƚƵƉ͕ƌĞŵŽǀĂůΘϴŶŽŶͲKdŚŽƵƌƐŽĨWΘZƐƚĂĨĨ ĐŽǀĞƌĂŐĞ͕WΘZƐƚĂĨĨKdĐŽǀĞƌĂŐĞŝƐĂĚĚŝƚŝŽŶĂůĂƚŝĚĞŶƚŝĨŝĞĚƌĂƚĞƐͿEŽƚZĞŶƚĞĚΨϭ͕ϴϬϬ͘ϬϬ Ψϭϰ͘ϬϬΨϭϰ͘ϬϬ ŝĂŵŽŶĚƌLJ;ƉĞƌďĂŐͿ ΨϭϬ͘ϬϬΨϭϬ͘ϬϬ WŽǁĚĞƌĞĚDĂƌďůĞ;ƉĞƌďĂŐͿ ΨϭϬ͘ϬϬΨϭϬ͘ϬϬ WĂŝŶƚ;ƉĞƌďĂŐͿ EĂƚŝŽŶĂůsŽůůĞLJďĂůůĞŶƚĞƌ Ψϯϭ͘ϬϬΨϯϭ͘ϬϬ ŽƵƌƚZĞŶƚĂůsŽůůĞLJďĂůů,ŽƵƌůLJ;ƉůƵƐƚĂdžͿ ΨϮϳϬ͘ϬϬΨϮϳϬ͘ϬϬ ŽƵƌƚZĞŶƚĂůsŽůůĞLJďĂůůĂŝůLJ;ƉůƵƐƚĂdžͿ Ψϱϰ͘ϬϬΨϱϰ͘ϬϬ ŽƵƌƚZĞŶƚĂůĂƐŬĞƚďĂůů,ŽƵƌůLJ;ƉůƵƐƚĂdžͿ KƉĞŶsŽůůĞLJďĂůů Ψϲ͘ϬϬΨϲ͘ϬϬ ĚƵůƚĂŝůLJ&ĞĞ Ψϲ͘ϬϬΨϱ͘ϬϬ ^ƚƵĚĞŶƚĂŝůLJ&ĞĞ ΨϲϬ͘ϬϬΨϲϬ͘ϬϬ ĚƵůƚWƵŶĐŚĂƌĚ ΨϲϬ͘ϬϬΨϱϬ͘ϬϬ ^ƚƵĚĞŶƚWƵŶĐŚĂƌĚ WƌŽŐƌĂŵƐ ΨϭϮϬ͘ϬϬΨϭϬϬ͘ϬϬ EsWůĂLJĚĂLJ ΨϭϳϬ͘ϬϬΨϭϲϬ͘ϬϬ KĨĨŝĐŝĂƚĞĚ ΨϭϮϱ͘ϬϬΨϭϮϬ͘ϬϬ hŶŽĨĨŝĐŝĂƚĞĚ ΨϯϬϬ͘ϬϬΨϯϬϬ͘ϬϬ Es^ƵŵŵĞƌ,^>ĞĂŐƵĞ 'ƌĂŚĂŵƌĞŶĂŽŵƉůĞdž Ψϲ͘ϬϬΨϱ͘ϬϬ KƉĞŶ,ŽĐŬĞLJͲzŽƵƚŚ Ψϳ͘ϬϬΨϲ͘ϬϬ KƉĞŶ,ŽĐŬĞLJͲĚƵůƚ /ĐĞZĞŶƚĂů ΨϮϭϬ͘ϬϬΨϮϬϱ͘ϬϬ ,ŽĐŬĞLJŽƌWƌŝǀĂƚĞ^ŬĂƚŝŶŐ;ƉůƵƐƚĂdžͿ ƵŝůĚŝŶŐZĞŶƚĂůͲ^ŚŽǁZĞŶƚĂů ΨϮ͕ϱϬϬ͘ϬϬΨϮ͕ϯϬϬ͘ϬϬ ƌĞŶĂKŶĞ ΨϮ͕ϯϬϬ͘ϬϬΨϮ͕ϭϬϬ͘ϬϬ ƌĞŶĂdǁŽ ΨϮ͕ϯϬϬ͘ϬϬΨϮ͕ϭϬϬ͘ϬϬ ƌĞŶĂdŚƌĞĞ ZĞĐƌĞĂƚŝŽŶŝǀŝƐŝŽŶ WŽŽůƐ ^ŽůĚŝĞƌƐ&ŝĞůĚƋƵĂƚŝĐƐ Ψϭϭ͘ϬϬΨϭϬ͘ϬϬ ĚƵůƚĂŝůLJ&ĞĞ Ψϵ͘ϬϬΨϴ͘ϬϬ zŽƵƚŚĂŝůLJ&ĞĞ Ψϳ͘ϱϬΨϳ͘ϱϬ WƵŶĐŚWĂƐƐͬŝƐĐŽƵŶƚdŝĐŬĞƚƐ ^ŝůǀĞƌ>ĂŬĞWŽŽů Ψϳ͘ϬϬEͬ ĚƵůƚĂŝůLJ&ĞĞ Ψϱ͘ϬϬEͬ zŽƵƚŚĂŝůLJ&ĞĞ Ψϯ͘ϱϬEͬ WƵŶĐŚWĂƐƐͬŝƐĐŽƵŶƚdŝĐŬĞƚƐ ΨϭϱϬ͘ϬϬΨϭϮϬ͘ϬϬ ^ǁŝŵŵŝŶŐWŽŽůZĞŶƚĂů;ƉĞƌŚŽƵƌͿ WŝƉƐƋƵĞĂŬƐ/ŶĚŽŽƌWůĂLJŐƌŽƵŶĚ Ψϯ͘ϬϬΨϯ͘ϬϬ zŽƵƚŚĂŝůLJ&ĞĞ ΨϭϬϬ͘ϬϬΨϵϬ͘ϬϬ WĂƌƚLJ;ƉůƵƐƚĂdž͕ϯͲŚŽƵƌďůŽĐŬͿ ĚƵůƚdĞĂŵ^ƉŽƌƚƐ&ĞĞƐ ΨϰϯϬ͘ϬϬΨϰϯϬ͘ϬϬ ^ƵŵŵĞƌ^ŽĨƚďĂůů ΨϮϭϬ͘ϬϬΨϮϭϬ͘ϬϬ &Ăůů^ŽĨƚďĂůů ΨϮϯϱ͘ϬϬΨϮϯϱ͘ϬϬ ^ƵŵŵĞƌ^ĂŶĚsŽůůĞLJďĂůů Ψϯϰϱ͘ϬϬΨϯϰϱ͘ϬϬ &ĂůůsŽůůĞLJďĂůů Ψϯϰϱ͘ϬϬΨϯϰϱ͘ϬϬ tŝŶƚĞƌsŽůůĞLJďĂůů Ψϯϰϱ͘ϬϬΨϯϰϱ͘ϬϬ ^ƉƌŝŶŐsŽůůĞLJďĂůů ΨϮϴϬ͘ϬϬΨϮϴϬ͘ϬϬ dŽƵĐŚ&ŽŽƚďĂůů ΨϱϬϬ͘ϬϬΨϱϬϬ͘ϬϬ ĂƐŬĞƚďĂůů ΨϯϬϱ͘ϬϬΨϯϬϱ͘ϬϬ ƌŽŽŵďĂůů ΨϭϴϬ͘ϬϬΨϭϴϬ͘ϬϬ <ŝĐŬďĂůů ΨϮϮϬ͘ϬϬΨϮϮϬ͘ϬϬ ŽĚŐĞďĂůů ĐĐĞƐƐďůĞZĞĐƌĞĂƚŝŽŶ ΨϭϬ͘ϬϬͲΨϮϬ͘ϬϬΨϭϬ͘ϬϬͲΨϮϬ͘ϬϬ ĚƵůƚWƌŽŐƌĂŵƐŐĞƐϭϴн;ƉĞƌĚĂLJͿ Ψϭϱ͘ϬϬͲΨϯϬ͘ϬϬΨϭϱ͘ϬϬͲΨϯϬ͘ϬϬ zŽƵƚŚWƌŽŐƌĂŵƐŐĞƐϯͲϭϳ;ƉĞƌĚĂLJ͕ĚĞƉĞŶĚĞŶƚŽŶƐƚĂĨĨŝŶŐŶĞĞĚƐͿ ΨϯϱϬ͘ϬϬͲΨϴϬϬ͘ϬϬΨϯϱϬ͘ϬϬͲΨϴϬϬ͘ϬϬ ^ƵŵŵĞƌĂŵƉƐ;ƉĞƌƐĞƐƐŝŽŶ͕ĚĞƉĞŶĚĞŶƚŽŶƐƚĂĨĨŝŶŐŶĞĞĚƐͿ ZĞĐƌĞĂƚŝŽŶĞŶƚĞƌ WĞƌ^ĞƐƐŝŽŶ&ĞĞƐ Ψϳ͘ϬϬΨϲ͘ϬϬ ĚƵůƚWŽŽů Ψϳ͘ϬϬΨϲ͘ϬϬ zŽƵƚŚWŽŽů Ψϳ͘ϬϬΨϲ͘ϬϬ ĚƵůƚ'LJŵ Ψϳ͘ϬϬΨϲ͘ϬϬ zŽƵƚŚ'LJŵ Ψϳ͘ϬϬΨϲ͘ϬϬ ĚƵůƚ^ŬĂƚĞ Ψϳ͘ϬϬΨϲ͘ϬϬ zŽƵƚŚ^ŬĂƚĞ zĞĂƌůLJͬϲDŽŶƚŚͬϯDŽŶƚŚDĞŵďĞƌƐŚŝƉƐ ΨϰϮϱ͘ϬϬΨϰϬϬ͘ϬϬ &ĂŵŝůLJzĞĂƌůLJ ΨϮϳϱ͘ϬϬΨϮϱϬ͘ϬϬ &ĂŵŝůLJϲDŽŶƚŚƐ ΨϭϱϬ͘ϬϬΨϭϯϬ͘ϬϬ &ĂŵŝůLJϯDŽŶƚŚƐ Ψϭϵϱ͘ϬϬΨϭϳϱ͘ϬϬ ĚƵůƚzĞĂƌůLJ Ψϭϭϱ͘ϬϬΨϭϬϬ͘ϬϬ ĚƵůƚϲDŽŶƚŚƐ Ψϲϱ͘ϬϬΨϱϱ͘ϬϬ ĚƵůƚϯDŽŶƚŚƐ ΨϭϲϬ͘ϬϬΨϭϱϬ͘ϬϬ ^ĞŶŝŽƌŝƚŝnjĞŶzĞĂƌůLJ ΨϭϬϱ͘ϬϬΨϵϱ͘ϬϬ ^ĞŶŝŽƌŝƚŝnjĞŶϲDŽŶƚŚƐ ΨϲϬ͘ϬϬΨϱϬ͘ϬϬ ^ĞŶŝŽƌŝƚŝnjĞŶϯDŽŶƚŚƐ ΨϭϰϬ͘ϬϬΨϭϮϱ͘ϬϬ zŽƵƚŚzĞĂƌůLJ;ϭϴΘƵŶĚĞƌͿ Ψϵϱ͘ϬϬΨϳϱ͘ϬϬ zŽƵƚŚϲDŽŶƚŚƐ;ϭϴΘƵŶĚĞƌͿ ΨϱϬ͘ϬϬΨϰϬ͘ϬϬ zŽƵƚŚϯDŽŶƚŚƐ;ϭϴΘƵŶĚĞƌͿ WŝĐŬůĞďĂůů ΨϯϬ͘ϬϬΨϮϱ͘ϬϬ ϭDŽŶƚŚ Ψϳ͘ϬϬΨϲ͘ϬϬ WĞƌ^ĞƐƐŝŽŶ &ĂĐŝůŝƚLJZĞŶƚĂů ΨϮϬϬ͘ϬϬΨϭϴϬ͘ϬϬ ϱϬDWŽŽů;ƉĞƌŚŽƵƌ͕ƉůƵƐƚĂdž͕ŝŶĐůƵĚĞƐ>ŝĨĞŐƵĂƌĚĨĞĞͿ ϱϬDWŽŽů&ƵůůĂLJDĞĞƚZĂƚĞ;'LJŵŝŶĐůƵĚĞĚŝŶĨƵůůĚĂLJƌĂƚĞͿΨϮ͕ϮϬϬ͘ϬϬΨϭ͕ϵϬϬ͘ϬϬ ϱϬDWŽŽů,ĂůĨĂLJDĞĞƚZĂƚĞ;'LJŵĞdžƚƌĂŝŶŚĂůĨĚĂLJƌĂƚĞͿΨϭ͕ϱϬϬ͘ϬϬΨϭ͕ϭϬϬ͘ϬϬ ΨϭϮϱ͘ϬϬΨϭϮϬ͘ϬϬ dĞĂĐŚŝŶŐͬtĂƌŵhƉWŽŽů;ƉĞƌŚŽƵƌ͕ƉůƵƐƚĂdžͿ ΨϯϱϬ͘ϬϬΨϯϬϬ͘ϬϬ dĞĂĐŚŝŶŐͬtĂƌŵhƉWŽŽů,ĂůĨĂLJ ΨϳϬϬ͘ϬϬΨϱϬϬ͘ϬϬ dĞĂĐŚŝŶŐͬtĂƌŵhƉWŽŽů&ƵůůĂLJ Ψϵ͘ϬϬΨϴ͘ϬϬ WŽŽů>ĂŶĞŚĂƌŐĞ^ŚŽƌƚŽƵƌƐĞ;ƉĞƌŚŽƵƌ͕ƉůƵƐƚĂdžͿ Ψϭϴ͘ϬϬΨϭϲ͘ϬϬ WŽŽů>ĂŶĞŚĂƌŐĞ>ŽŶŐŽƵƌƐĞ;ƉĞƌŚŽƵƌ͕ƉůƵƐƚĂdžͿ ΨϱϬ͘ϬϬΨϱϬ͘ϬϬ 'LJŵŶĂƐŝƵŵ;ƉĞƌŚŽƵƌ͕ƉůƵƐƚĂdžͿ ΨϰϬ͘ϬϬΨϰϬ͘ϬϬ 'LJŵŶĂƐŝƵŵZW;ƉĞƌŚŽƵƌ͕ƉůƵƐƚĂdžͿ ΨϮϬ͘ϬϬΨϮϬ͘ϬϬ 'LJŵŶĂƐŝƵŵϭϮϱ>ŝǀĞ;ƉĞƌŚŽƵƌ͕ƉůƵƐƚĂdžͿ Ψϭϱ͘ϬϬΨϭϱ͘ϬϬ Z&^'LJŵZĞŶƚĂů;ƉĞƌŚŽƵƌͿ ΨϮϭϬ͘ϬϬΨϮϬϱ͘ϬϬ /ĐĞ^ƚĂŶĚĂƌĚ&ĞĞ;ƉĞƌŚŽƵƌ͕ƉůƵƐƚĂdžͿ ΨϭϮϱ͘ϬϬΨϭϮϱ͘ϬϬ 'ƌŝnjnjůŝĞƐWƌĂĐƚŝĐĞ;ƉĞƌŚŽƵƌͿ ΨϴϱϬ͘ϬϬΨϴϱϬ͘ϬϬ 'ƌŝnjnjůŝĞƐ'ĂŵĞ ΨϱϬ͘ϬϬΨϱϬ͘ϬϬ KůŵƐƚĞĚŽƵŶƚLJ/ĐĞ&ĞĞ;ƉĞƌŚŽƵƌͿ ΨϭϮϳ͘ϱϬΨϭϮϱ͘ϬϬ Z&^dĞƐƚŝŶŐ;ƉĞƌŚŽƵƌͿ DĂũŽƌhƐĞƌƐŝƐĐŽƵŶƚĞĚ/ĐĞ ΨϭϵϬ͘ϬϬΨϭϴϳ͘ϱϬ Z&^;ƉĞƌŚŽƵƌ͕ƉůƵƐƚĂdžͿ DĞĞƚŝŶŐZŽŽŵZĞŶƚĂů ŝƌƚŚĚĂLJWĂƌƚLJZŽŽŵZĞŶƚĂůWƵďůŝĐWĂĐŬĂŐĞ;ƉĞƌŚŽƵƌ͕ƉůƵƐƚĂdžͿΨϯϱ͘ϬϬΨϯϬ͘ϬϬ ΨϮϱ͘ϬϬΨϮϬ͘ϬϬ ŝƌƚŚĚĂLJWĂƌƚLJZŽŽŵWƌŝǀĂƚĞZĞŶƚĂů;ƉĞƌŚŽƵƌ͕ƉůƵƐƚĂdžͿ ΨϰϬ͘ϬϬΨϰϬ͘ϬϬ ZŽŽŵZĞŶƚĂůKƵƚƐŝĚĞhƐĞƌ;ƉĞƌŚŽƵƌ͕ƉůƵƐƚĂdžͿ KĨĨŝĐĞZĞŶƚĂů ΨϭϱϬ͘ϬϬΨϭϱϬ͘ϬϬ Z&^;ƉĞƌŵŽŶƚŚͿ ΨϮϱϬ͘ϬϬΨϮϱϬ͘ϬϬ 'ƌŝnjnjůŝĞƐ;ƉĞƌŵŽŶƚŚͿ ΨϮϱϬ͘ϬϬΨϮϱϬ͘ϬϬ ZŽĐŚĞƐƚĞƌ^ǁŝŵůƵď;ƉĞƌŵŽŶƚŚͿ >ŽĐŬĞƌZŽŽŵΘ^ƚŽƌĂŐĞZĞŶƚĂů ΨϮϱϬ͘ϬϬΨϮϱϬ͘ϬϬ Z&^;ƉĞƌŵŽŶƚŚͿ ΨϮϱϬ͘ϬϬΨϮϱϬ͘ϬϬ 'ƌŝnjnjůŝĞƐ;ƉĞƌŵŽŶƚŚͿ Ψϯ͘ϬϬΨϯ͘ϬϬ ^ŬĂƚĞZĞŶƚĂů;ƉĞƌƉĂŝƌͿ ,ŽĐŬĞLJ'ĂŵĞDĂŝŶƚĞŶĂŶĐĞ ΨϭϬϬ͘ϬϬΨϭϬϬ͘ϬϬ &Ƶůů'ĂŵĞ:sĂŶĚsĂƌƐŝƚLJ ΨϱϬ͘ϬϬΨϱϬ͘ϬϬ ,ĂůĨ'ĂŵĞ:sĂŶĚsĂƌƐŝƚLJ ^ŬĂƚĞ^ŚĂƌƉĞŶŝŶŐ Ψϳ͘ϬϬΨϳ͘ϬϬ ,ŽĐŬĞLJŽƌZĞĐƌĞĂƚŝŽŶĂů&ŝŐƵƌĞ^ŬĂƚŝŶŐ Ψϭϱ͘ϬϬΨϭϱ͘ϬϬ EĞǁ^ŬĂƚĞƐ;EĞǀĞƌ^ŚĂƌƉĞŶĞĚͿ WůƵŵŵĞƌ,ŽƵƐĞ Ψϭ͕ϬϬϬ͘ϬϬΨϵϬϬ͘ϬϬ ,ŽƵƐĞZĞŶƚ;ƉůƵƐƚĂdž͕&ƌŝĚĂLJͲ^ĂƚƵƌĚĂLJͿ Ψϭ͕ϮϱϬ͘ϬϬΨϭ͕ϭϱϬ͘ϬϬ ,ŽƵƐĞΘ'ƌŽƵŶĚƐZĞŶƚ;ƉůƵƐƚĂdž͕&ƌŝĚĂLJͲ^ĂƚƵƌĚĂLJͿ ΨϳϱϬ͘ϬϬΨϲϱϬ͘ϬϬ ,ŽƵƐĞZĞŶƚ;ƉůƵƐƚĂdž͕^ƵŶĚĂLJͲdŚƵƌƐĚĂLJͿ Ψϭ͕ϬϬϬ͘ϬϬΨϵϬϬ͘ϬϬ ,ŽƵƐĞΘ'ƌŽƵŶĚƐZĞŶƚ;ƉůƵƐƚĂdž͕^ƵŶĚĂLJͲdŚƵƌƐĚĂLJͿ dŽƵƌƐ;KƉĞŶ,ŽƵƐĞͿ Ψϭϱ͘ϬϬΨϭϬ͘ϬϬ ĚƵůƚ Ψϱ͘ϬϬΨϱ͘ϬϬ zŽƵƚŚ Ψϭϱ͘ϬϬΨϭϬ͘ϬϬ dŽƵƌƐ;WƌŝǀĂƚĞͿ ΨϭϬϬ͘ϬϬΨϭϬϬ͘ϬϬ ĂŶĐĞůůĂƚŝŽŶ&ĞĞ KƵƚĚŽŽƌdĞŶŶŝƐĞŶƚĞƌ Ψϭϲϱ͘ϬϬΨϭϲϱ͘ϬϬ &ĂŵŝůLJ^ĞĂƐŽŶDĞŵďĞƌƐŚŝƉ;ƉůƵƐƚĂdžͿ Ψϭϭϱ͘ϬϬΨϭϭϱ͘ϬϬ ĚƵůƚ^ĞĂƐŽŶDĞŵďĞƌƐŚŝƉ;ƉůƵƐƚĂdžͿ ΨϵϬ͘ϬϬΨϵϬ͘ϬϬ ^ĞŶŝŽƌŝƚŝnjĞŶ^ĞĂƐŽŶDĞŵďĞƌƐŚŝƉ;ƉůƵƐƚĂdžͿ Ψϲϱ͘ϬϬΨϲϱ͘ϬϬ zŽƵƚŚ^ĞĂƐŽŶDĞŵďĞƌƐŚŝƉ;ƉůƵƐƚĂdžͿ ΨϭϬ͘ϬϬΨϭϬ͘ϬϬ ĂŝůLJŽƵƌƚ&ĞĞƐ;ƉĞƌƉĞƌƐŽŶŝŶĐůƵĚĞƐƚĂdžͿ >ŝďƌĂƌLJ;ĚŽƉƚĞĚďLJ>ŝďƌĂƌLJŽĂƌĚĂŶĚ/ŶĐŽƌƉŽƌĂƚĞĚĨŽƌZĞĨĞƌĞŶĐĞͿ ^ĞƌǀŝĐĞϮϬϮϲ&ĞĞϮϬϮϱ&ĞĞ >ŽƐƚͬĂŵĂŐĞĚ/ƚĞŵƐ ZĞƉůĂĐĞŵĞŶƚŽĨ/ƚĞŵsĂƌŝĞƐ͗ĐƚƵĂůZĞƉůĂĐĞŵĞŶƚŽƐƚŽĨ/ƚĞŵsĂƌŝĞƐ͗ĐƚƵĂůZĞƉůĂĐĞŵĞŶƚŽƐƚŽĨ/ƚĞŵ ŽƉŝĞƐͬWƌŝŶƚƐ ŽůŽƌƉĞƌƉĂŐĞΨϬ͘ϮϱΨϬ͘Ϯϱ ůĂĐŬΘtŚŝƚĞƉĞƌƉĂŐĞΨϬ͘ϭϬΨϬ͘ϭϬ &ĂdžͲh^ͬE;ƉĞƌƉĂŐĞͿΨϭ͘ϬϬΨϭ͘ϬϬ EŽŶͲZĞƐŝĚĞŶƚĂƌĚΨϲϬ͘ϬϬEͬ KƵƚͲŽĨͲ^ƚĂƚĞsŝƐŝƚŽƌĂƌĚƐ;ƉĞƌǁĞĞŬͿΨϲ͘ϬϬΨϲ͘ϬϬ ŝƌƉŽƌƚ ^ĞƌǀŝĐĞϮϬϮϲ&ĞĞϮϬϮϱ&ĞĞ 'ƌŽƵŶĚdƌĂŶƐƉŽƌƚĂƚŝŽŶĐĐĞƐƐ&ĞĞƐ;ƉĞƌĚƌŽƉŽĨĨŽƌƉŝĐŬƵƉͿΨϯ͘ϬϬΨϯ͘ϬϬ WĂƌŬŝŶŐ>Žƚ ϬͲϲϬŵŝŶƵƚĞƐ&ƌĞĞ&ƌĞĞ ϭͲϮ,ŽƵƌƐΨϯ͘ϬϬΨϮ͘ϬϬ ĂĐŚĂĚĚŝƚŝŽŶĂůŚŽƵƌΨϭ͘ϬϬΨϭ͘ϬϬ ĂLJDĂdžΨϭϮ͘ϬϬΨϭϭ͘ϬϬ tĞĞŬDĂdžΨϳϮ͘ϬϬΨϲϲ͘ϬϬ DƵƐŝĐĞƉĂƌƚŵĞŶƚ ^ĞƌǀŝĐĞϮϬϮϲ&ĞĞϮϬϮϱ&ĞĞ DĞŵďĞƌƐŚŝƉ&ĞĞ;ƉĞƌLJĞĂƌͿΨϬ͘ϬϬΨϬ͘ϬϬ ^ŚŝƉƉŝŶŐΘ,ĂŶĚůŝŶŐͲŽƌĚĞƌĨŽƌƌĞƋƵĞƐƚŽĨƉŚŽŶĞŽƌĚĞƌƚŝĐŬĞƚƐŵĂŝůĞĚƚŽŶŽŶͲ ŵĞŵďĞƌĐƵƐƚŽŵĞƌƐΨϮ͘ϬϬΨϮ͘ϬϬ ƋƵŝƉŵĞŶƚZĞŶƚĂů ĂƐƐƌƵŵΨϰϬ͘ϬϬΨϰϬ͘ϬϬ ĞůůƐΨϰϬ͘ϬϬΨϰϬ͘ϬϬ ŚŝŵĞƐΨϰϬ͘ϬϬΨϰϬ͘ϬϬ 'ŽŶŐ;ƐŵĂůůͿΨϰϬ͘ϬϬΨϰϬ͘ϬϬ 'ŽŶŐ;ůĂƌŐĞͿΨϳϬ͘ϬϬΨϳϬ͘ϬϬ dŝŵƉĂŶŝΨϰϬ͘ϬϬΨϰϬ͘ϬϬ yLJůŽƉŚŽŶĞΨϰϬ͘ϬϬΨϰϬ͘ϬϬ ƌƵŵŬŝƚǁͬĐLJŵďĂůƐĞƚΨϭϯϱ͘ϬϬΨϭϯϱ͘ϬϬ ZŽůĂŶĚZϲϬϬ<ĞLJďŽĂƌĚΨϭϮϬ͘ϬϬΨϭϮϬ͘ϬϬ WĞĂǀĞLJ<ͬϯϬϬΨϲϬ͘ϬϬΨϲϬ͘ϬϬ DƵƐŝĐ^ƚĂŶĚƐ;ƐĞƚͬĚĂLJͿΨϳϱ͘ϬϬΨϳϱ͘ϬϬ DƵƐŝĐ^ƚĂŶĚƐ;ƉĞƌƐƚĂŶĚͬĚĂLJͿΨϯ͘ϬϬΨϯ͘ϬϬ ^ŚĞĞƚDƵƐŝĐͬ^ĐŽƌĞƐ DŝŶŝŵƵŵΨϮϱ͘ϬϬΨϮϱ͘ϬϬ ZĞŶƚĂůͲWĞƌĐĞŶƚŽĨŵĂƌŬĞƚƌĂƚĞĐŚĂƌŐĞĚďLJŽƚŚĞƌƌĞŶƚĂůŚŽƵƐĞƐĨŽƌƚŚĞ ƐĂŵĞŵƵƐŝĐϵϬйϵϬй ZĞŶƚĂůͲWĞƌĐĞŶƚŽĨƉƵƌĐŚĂƐĞƉƌŝĐĞϱϬйϱϬй dŝĐŬĞƚ^ĂůĞƐ ŝƐĐŽƵŶƚƐĨŽƌƚŝĐŬĞƚƐ;ƉĞƌƚŝĐŬĞƚͿ 'ƌŽƵƉ^ĂůĞƐdŝĐŬĞƚŝƐĐŽƵŶƚƐĂƌĞďĂƐĞĚƵƉŽŶŶƵŵďĞƌŽĨƚŝĐŬĞƚƐ ƉƵƌĐŚĂƐĞĚ͗ϭϬͲϮϰƚŝĐŬĞƚƐƉƵƌĐŚĂƐĞĚϭϬйϭϬй 'ƌŽƵƉ^ĂůĞƐdŝĐŬĞƚŝƐĐŽƵŶƚƐĂƌĞďĂƐĞĚƵƉŽŶŶƵŵďĞƌŽĨƚŝĐŬĞƚƐ ƉƵƌĐŚĂƐĞĚ͗ϮϱнƚŝĐŬĞƚƐƉƵƌĐŚĂƐĞĚϭϬйϭϬй DĞƌĐŚĂŶĚŝƐĞ^ĂůĞƐͲ&ůĂƚĨĞĞƚŽĂƌƚŝƐƚŽĨϭϬйŽĨƚŚĞŐƌŽƐƐƌĞĐĞŝƉƚƐŽǀĞƌΨϭϬϬ ĨƌŽŵƚŚĞƐĂůĞŽĨĂŶLJƐƵĐŚƉƌŽĚƵĐƚƐƐŽůĚďLJŝƚLJ^ƚĂĨĨ ϭϬйϭϬй WƌŽŐƌĂŵ&ĞĞƐ ^ŽƵŶĚ^ĐŚŽŽůKƵƚƌĞĂĐŚ /^ϱϯϱΨϬ͘ϬϬΨϬ͘ϬϬ ŽŶĐĞƐƐŝŽŶ&ĞĞƐ;&ĞĞĨŽƌ&ŽŽĚdƌƵĐŬǀĞŶĚŽƌƚŽŽƉĞƌĂƚĞĂƚĂĨŽƌtZĐŽŶĐĞƌƚͿΨϱϬ͘ϬϬΨϱϬ͘ϬϬ ŽŶĐĞƐƐŝŽŶ&ĞĞƐ;&ĞĞĨŽƌ&ŽŽĚdƌƵĐŬǀĞŶĚŽƌƚŽŽƉĞƌĂƚĞĂƚƚŚĞϰƚŚ&ĞƐƚĐŽŶĐĞƌƚͿΨϭϱϬ͘ϬϬΨϭϱϬ͘ϬϬ