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&ŽƌĚĞůĂǇƐĞŶĐŽƵŶƚĞƌĞĚƚŚĂƚĂƌĞďĞǇŽŶĚE'/EZ͛ƐĐŽŶƚƌŽů͕ĂŶĚƵƉŽŶǁƌŝƚƚĞŶƌĞƋƵĞƐƚĨƌŽŵE'/EZ͕ƚŚĞ/dzΖƐ % ƵƚŚŽƌŝǌĞĚŐĞŶƚŵĂǇĞǆƚĞŶĚƚŚĞtŽƌŬŽŵƉůĞƚŝŽŶĂƚĞĞƐƚĂďůŝƐŚĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘dŚĞůĞŶŐƚŚ ŽĨƐƵĐŚƚŝŵĞĞǆƚĞŶƐŝŽŶǁŝůůďĞĚĞƚĞƌŵŝŶĞĚďǇƚŚĞ/dz͛ƐƵƚŚŽƌŝǌĞĚŐĞŶƚ͘ /ƚǁŝůůďĞE'/EZ͛ƐƌĞƐƉŽŶƐŝďŝůŝƚǇƚŽƌĞĂƐŽŶĂďůǇŶŽƚŝĨǇ/dz͛ƐƵƚŚŽƌŝǌĞĚŐĞŶƚ͕ŝŶǁƌŝƚŝŶŐ͕ŝĨE'/EZŚĂƐƌĞĂƐŽŶƚŽ & ďĞůŝĞǀĞƚŚĞƉƌŽũĞĐƚǁŝůůŶŽƚďĞĐŽŵƉůĞƚĞĚĂƐƐĐŚĞĚƵůĞĚ͘/dz͛ƐƵƚŚŽƌŝǌĞĚŐĞŶƚǁŝůůŚĂǀĞƚŚĞĂƵƚŚŽƌŝƚǇƚŽĂĚũƵƐƚƚŚĞ ƐĐŚĞĚƵůĞĂŶĚĨŝŶĂůĐŽƐƚĂƐƐŽĐŝĂƚĞĚǁŝƚŚƐƵĐŚĚĞůĂǇƐ͕ĂƐƉƌŽǀŝĚĞĚŝŶƚŚĞƐĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐ͘ ŶŐŝŶĞĞƌƐŚĂůůĨƵƌŶŝƐŚĂůůŵĂƚĞƌŝĂůƐ͕ĂůůŶĞĐĞƐƐĂƌǇƚŽŽůƐĂŶĚĞƋƵŝƉŵĞŶƚ͕ĂŶĚƉĞƌĨŽƌŵĂůůǁŽƌŬĂŶĚůĂďŽƌŶĞĐĞƐƐĂƌǇƚŽ ' ĚĞƚĞƌŵŝŶĞŽŶƚƌĂĐƚŽƌ͛ƐĐŽŵƉůŝĂŶĐĞǁŝƚŚƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶŽĨƚŚĞWƌŽũĞĐƚĐŽŶƐŝƐƚĞŶƚǁŝƚŚŝƚǇĚĞƐŝŐŶƐƉĞĐŝĨŝĐĂƚŝŽŶƐĂŶĚ ĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞĂƉƉƌŽǀĞĚĐŝǀŝůĐŽŶƐƚƌƵĐƚŝŽŶƉůĂŶƐĨŽƌƚŚĞWƌŽũĞĐƚ͘ /dzƌĞĐŽŐŶŝǌĞƐƚŚĂƚE'/EZƉƌŽǀŝĚĞĚƐĞƌǀŝĐĞƐƚŽƚŚĞKǁŶĞƌƵŶĚĞƌĂŝƚǇͲKǁŶĞƌĐŽŶƚƌĂĐƚĂƵƚŚŽƌŝǌŝŶŐƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶ ( ŽĨƚŚĞƉƵďůŝĐĨĂĐŝůŝƚŝĞƐĨŽƌǁŚŝĐŚĐŽŶƐƚƌƵĐƚŝŽŶŝŶƐƉĞĐƚŝŽŶĂŶĚŽďƐĞƌǀĂƚŝŽŶƐĞƌǀŝĐĞƐĂƌĞďĞŝŶŐƌĞƋƵĞƐƚĞĚ͘/dzǁĂŝǀĞƐĂŶǇ ĂŶĚĂůůĐŽŶĨůŝĐƚŽĨŝŶƚĞƌĞƐƚƌŝŐŚƚƐĂŐĂŝŶƐƚE'/EZƌĞůĂƚŝǀĞƚŽƚŚŝƐĂƌƌĂŶŐĞŵĞŶƚ͘ 'KsZE/E'>t͕:hZ/^/d/KE͕EsEh $57,&/( dŚŝƐŽŶƚƌĂĐƚƐŚĂůůďĞŐŽǀĞƌŶĞĚďǇĂŶĚĐŽŶƐƚƌƵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞůĂǁƐŽĨƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂ͘sĞŶƵĞĨŽƌĂůůůĞŐĂů $ ƉƌŽĐĞĞĚŝŶŐƐĂƌŝƐŝŶŐŽƵƚŽĨƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞŝŶƚŚĞĂƉƉůŝĐĂďůĞƐƚĂƚĞŽƌĨĞĚĞƌĂůĐŽƵƌƚǁŝƚŚĐŽŵƉĞƚĞŶƚũƵƌŝƐĚŝĐƚŝŽŶŝŶ KůŵƐƚĞĚŽƵŶƚǇĂŶĚDŝŶŶĞƐŽƚĂƌĞƐƉĞĐƚŝǀĞůǇ͘ dZD^K&'EZ>KE/d/KE^ $57,&/( ŶǇĂŶĚĂůůƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞƐĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐǁŝůůƌĞŵĂŝŶŝŶĨŽƌĐĞƵŶůĞƐƐƚŚĞǇĂƌĞƐƉĞĐŝĨŝĐĂůůǇĂŶĚĚĞůŝďĞƌĂƚĞůǇ $ ĐĂŶĐĞůĞĚŽƌŵŽĚŝĨŝĞĚďǇƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ dŽƚŚĞĞǆƚĞŶƚŽĨĂŶǇŝŶĐŽŶƐŝƐƚĞŶĐŝĞƐďĞƚǁĞĞŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐĂŶĚƚŚĞƐĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐ͕ƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ % ǁŝůůĐŽŶƚƌŽů͘DŝŶŶĞƐŽƚĂ>ĂǁƐƵƉĞƌƐĞĚĞƐĂŶǇŽĨƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽƌ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐƐĞƚĨŽƌƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͘ dZD^K&WzDEd $57,&/( ^ƵďũĞĐƚƚŽƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ĂůůƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚĂŶĚĚĞůŝǀĞƌĂďůĞƐƐĂƚŝƐĨĂĐƚŽƌŝůǇƐƵƉƉůŝĞĚďǇ $ E'/EZƉƵƌƐƵĂŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞƉĂŝĚďǇ/dz͘ŽŵƉĞŶƐĂƚŝŽŶǁŝůůďĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ Zd/>ϯ͕͞ŽŶƐŝĚĞƌĂƚŝŽŶŽĨWĂǇŵĞŶƚ͘͟ /ĨŝƚĂƉƉĞĂƌƐĂƚĂŶǇƚŝŵĞƚŚĂƚE'/EZǁŝůůĞǆĐĞĞĚƚŚĞdŽƚĂůŽŶƚƌĂĐƚŵŽƵŶƚƐƚĂƚĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐ % ŽŶƚƌĂĐƚ͕E'/EZŵƵƐƚŶŽƚŝĨǇ/dz͛ƐƵƚŚŽƌŝǌĞĚŐĞŶƚŝŶǁƌŝƚŝŶŐŝŶĂƚŝŵĞůǇŵĂŶŶĞƌ͘E'/EZŵĂǇŶŽƚďĞ ĐŽŵƉĞŶƐĂƚĞĚĨŽƌǁŽƌŬƉĞƌĨŽƌŵĞĚŝŶĞǆĐĞƐƐŽĨƚŚĞdŽƚĂůŽŶƚƌĂĐƚŵŽƵŶƚǁŝƚŚŽƵƚĂǁƌŝƚƚĞŶ͕ĂŶĚĨƵůůǇĞǆĞĐƵƚĞĚ͕ ĂŵĞŶĚŵĞŶƚƚŽƚŚĞŽŶƚƌĂĐƚ͘ŶǇǁŽƌŬƉĞƌĨŽƌŵĞĚďĞǇŽŶĚƚŚĂƚŝĚĞŶƚŝĨŝĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚǁŝƚŚŽƵƚĂƉƌŝŽƌǁƌŝƚƚĞŶ ĂŵĞŶĚŵĞŶƚƐŝŐŶĞĚďǇ/dzŵĂǇďĞĚĞĞŵĞĚǀŽůƵŶƚĂƌǇĂŶĚE'/EZŵĂǇŶŽƚďĞĞŶƚŝƚůĞĚƚŽĐŽŵƉĞŶƐĂƚŝŽŶĨŽƌƚŚĞĞǆƚƌĂ ǁŽƌŬ͘ /ĨE'/EZĐůĂŝŵƐĂŶǇŝŶƐƚƌƵĐƚŝŽŶƐ͕ůĂƚĞŶƚĐŽŶĚŝƚŝŽŶƐ͕ŽƌŽƚŚĞƌĐŽŶĚŝƚŝŽŶƐĞǆŝƐƚƚŚĂƚƌĞƋƵŝƌĞĞǆƚƌĂĐŽƐƚƵŶĚĞƌƚŚŝƐ & ŽŶƚƌĂĐƚ͕E'/EZŵƵƐƚŵĂŬĞĐůĂŝŵĨŽƌĂŶǇĞǆƚƌĂĐŽƐƚŝŶĐƵƌƌĞĚŝŶǁƌŝƚŝŶŐǁŝƚŚŝŶϮϬĂůĞŶĚĂƌĚĂǇƐĂĨƚĞƌƐƵĐŚŝŶƐƚƌƵĐƚŝŽŶ ŽƌŽďƐĞƌǀĂŶĐĞŽĨĐŽŶĚŝƚŝŽŶƐ͘>ĂƚĞŶƚĐŽŶĚŝƚŝŽŶƐĂƌĞĐŽŶĚŝƚŝŽŶƐŶŽƚĂŶƚŝĐŝƉĂƚĞĚďǇƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ ŶǇĐůĂŝŵŵĂĚĞĂĨƚĞƌƚŚŝƐƚŝŵĞŵĂǇďĞƌĞĨƵƐĞĚĂŶĚŶŽĐůĂŝŵǁŝůůďĞǀĂůŝĚƵŶůĞƐƐƐŽŵĂĚĞ͘ŶǇǁŽƌŬƉĞƌĨŽƌŵĞĚƵŶĚĞƌĂŶ ĂŵĞŶĚŵĞŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚƚŚĂƚŚĂƐŶŽƚďĞĞŶƉƌŽƉĞƌůǇĂƉƉƌŽǀĞĚĂŶĚĞǆĞĐƵƚĞĚďǇƚŚĞƉĂƌƚŝĞƐǁŝůůďĞƉĞƌĨŽƌŵĞĚĂƚ E'/EZΖƐŽǁŶƌŝƐŬ͘ ZĞŝŵďƵƌƐĞŵĞŶƚĨŽƌƚƌĂǀĞůĂŶĚƐƵďƐŝƐƚĞŶĐĞĞǆƉĞŶƐĞƐĂĐƚƵĂůůǇĂŶĚŶĞĐĞƐƐĂƌŝůǇŝŶĐƵƌƌĞĚďǇE'/EZĂƐĂƌĞƐƵůƚŽĨ ' ƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚŶŽƚĞǆĐĞĞĚƚŚĞĂŵŽƵŶƚĚĞĨŝŶĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͘E'/EZŵĂǇďĞ ƌĞŝŵďƵƌƐĞĚĨŽƌƚƌĂǀĞůĂŶĚƐƵďƐŝƐƚĞŶĐĞĞǆƉĞŶƐĞƐŝŶƚŚĞƐĂŵĞŵĂŶŶĞƌĂŶĚŝŶŶŽŐƌĞĂƚĞƌĂŵŽƵŶƚƚŚĂŶƉƌŽǀŝĚĞĚŝŶƚŚĞ ĐƵƌƌĞŶƚΗDŶͬKddƌĂǀĞůZĞŐƵůĂƚŝŽŶƐΗ͕ĂŶĚŝĚĞŶƚŝĨŝĞĚŝŶ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ƌƚŝĐůĞϯ͘ WZKhZ&KZWzDEd $57,&/( WĂǇŵĞŶƚƐǁŝůůďĞŵĂĚĞďǇ/dzǁŝƚŚŝŶϯϬĚĂǇƐŽĨE'/EZ͛ƐƉƌĞƐĞŶƚĂƚŝŽŶŽĨƉƌŽƉĞƌůǇƉƌĞƉĂƌĞĚŝŶǀŽŝĐĞƐĂŶĚƉƌŽŐƌĞƐƐ $ ƌĞƉŽƌƚƐĨŽƌƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚ͘/dzƐŚĂůůŶŽƚŝĨǇE'/EZŝŶǁƌŝƚŝŶŐǁŝƚŚŝŶϯϬĚĂǇƐŽĨ E'/EZ͛ƐƉƌĞƐĞŶƚĂƚŝŽŶŽĨŝŶǀŽŝĐĞƐŝĨƚŚĞǇďĞůŝĞǀĞƚŚĞƉƌŽŐƌĞƐƐƌĞƉŽƌƚƐǁĞƌĞŶŽƚƉƌŽƉĞƌůǇƉƌĞƉĂƌĞĚŽƌƚŚĞƐĞƌǀŝĐĞƐǁĞƌĞ ŶŽƚƉƌŽƉĞƌůǇƉĞƌĨŽƌŵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞŽŶƚƌĂĐƚ͘ /ŶǀŽŝĐĞƐĨŽƌƉĂǇŵĞŶƚŵƵƐƚďĞƐƵďŵŝƚƚĞĚďǇE'/EZŵŽŶƚŚůǇƚŽƚŚĞ/dzΖƐƵƚŚŽƌŝǌĞĚŐĞŶƚŝŶƚŚĞĨŽƌŵƉƌĞƐĐƌŝďĞĚďǇ % /dz͘/ŶǀŽŝĐĞƐƐŚŽƵůĚŝĚĞŶƚŝĨǇƚŚĞƉƌŽũĞĐƚĂŶĚƚŚĞĐŽƐƚĨŽƌƚŚĞƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚĂŶĚĚĞůŝǀĞƌĞĚĨŽƌƚŚĞďŝůůŝŶŐƉĞƌŝŽĚĂŶĚ ŵƵƐƚƐĂƚŝƐĨǇƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐůŝƐƚĞĚďĞůŽǁ͗ ϭ͘ĂĐŚŝŶǀŽŝĐĞŵƵƐƚĐŽŶƚĂŝŶƚŚĞĨŽůůŽǁŝŶŐŝŶĨŽƌŵĂƚŝŽŶ͗/dzĐŽŶƚƌĂĐƚŝŶǀŽŝĐĞŶƵŵďĞƌ;ƐĞƋƵĞŶƚŝĂůůǇŶƵŵďĞƌĞĚͿ͕ďŝůůŝŶŐ ĂĚĚƌĞƐƐŝĨĚŝĨĨĞƌĞŶƚĨƌŽŵďƵƐŝŶĞƐƐĂĚĚƌĞƐƐ͕ĂŶĚE'/EZΖƐŽƌŝŐŝŶĂůƐŝŐŶĂƚƵƌĞĂƚƚĞƐƚŝŶŐƚŚĂƚƚŚĞŝŶǀŽŝĐĞĚƐĞƌǀŝĐĞƐĂŶĚ ĐŽƐƚƐĂƌĞŶĞǁĂŶĚƚŚĂƚŶŽƉƌĞǀŝŽƵƐĐŚĂƌŐĞĨŽƌƚŚŽƐĞƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐŚĂƐďĞĞŶŝŶĐůƵĚĞĚŝŶĂŶǇƉƌŝŽƌŝŶǀŽŝĐĞ͘ Ϯ͘dŚĞŽƌŝŐŝŶĂůŽĨĞĂĐŚŝŶǀŽŝĐĞĂŶĚƉƌŽŐƌĞƐƐƌĞƉŽƌƚŵƵƐƚďĞƐĞŶƚƚŽƚŚĞ/dzΖƐƵƚŚŽƌŝǌĞĚŐĞŶƚĨŽƌƌĞǀŝĞǁĂŶĚƉĂǇŵĞŶƚ͘ ϯ͘ŝƌĞĐƚŶŽŶͲƐĂůĂƌǇĐŽƐƚƐĂůůŽĐĂďůĞƚŽƚŚĞǁŽƌŬƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ĂŶĚĚĞĨŝŶĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐ ŽŶƚƌĂĐƚ͕ŵƵƐƚďĞŝƚĞŵŝǌĞĚĂŶĚƐƵƉƉŽƌƚĞĚǁŝƚŚŝŶǀŽŝĐĞƐŽƌďŝůůŝŶŐĚŽĐƵŵĞŶƚƐƚŽƐŚŽǁƚŚĂƚƐƵĐŚĐŽƐƚƐĂƌĞƉƌŽƉĞƌůǇ ĂůůŽĐĂďůĞƚŽƚŚĞǁŽƌŬ͘ŝƌĞĐƚŶŽŶͲƐĂůĂƌǇĐŽƐƚƐĂƌĞĂŶǇĐŽƐƚƐƚŚĂƚĂƌĞŶŽƚƚŚĞƐĂůĂƌŝĞĚĐŽƐƚƐĚŝƌĞĐƚůǇƌĞůĂƚĞĚƚŽƚŚĞǁŽƌŬ ŽĨƚŚĞE'/EZ͘^ƵƉƉŽƌƚŝŶŐĚŽĐƵŵĞŶƚĂƚŝŽŶŵƵƐƚďĞƉƌŽǀŝĚĞĚŝŶĂŵĂŶŶĞƌƚŚĂƚĐŽƌƌĞƐƉŽŶĚƐƚŽĞĂĐŚĚŝƌĞĐƚĐŽƐƚ͘ ϰ͘E'/EZŵƵƐƚƉƌŽǀŝĚĞ͕ƵƉŽŶƌĞƋƵĞƐƚŽĨƚŚĞ/dzΖƐƵƚŚŽƌŝǌĞĚŐĞŶƚ͕ƚŚĞĨŽůůŽǁŝŶŐƐƵƉƉŽƌƚŝŶŐĚŽĐƵŵĞŶƚĂƚŝŽŶ͗ ŝƌĞĐƚƐĂůĂƌǇĐŽƐƚƐŽĨĞŵƉůŽǇĞĞƐΖƚŝŵĞĚŝƌĞĐƚůǇĐŚĂƌŐĞĂďůĞĨŽƌƚŚĞƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘ D dŚŝƐŵƵƐƚŝŶĐůƵĚĞĂƉĂǇƌŽůůĐŽƐƚďƌĞĂŬĚŽǁŶŝĚĞŶƚŝĨǇŝŶŐƚŚĞŶĂŵĞŽĨƚŚĞĞŵƉůŽǇĞĞ͕ĐůĂƐƐŝĨŝĐĂƚŝŽŶ͕ĂĐƚƵĂůƌĂƚĞŽĨƉĂǇ͕ ŚŽƵƌƐǁŽƌŬĞĚ͕ĂŶĚƚŽƚĂůƉĂǇŵĞŶƚĨŽƌĞĂĐŚŝŶǀŽŝĐĞƉĞƌŝŽĚ͖ĂŶĚ ^ŝŐŶĞĚƚŝŵĞƐŚĞĞƚƐŽƌƉĂǇƌŽůůĐŽƐƚďƌĞĂŬĚŽǁŶĨŽƌĞĂĐŚĞŵƉůŽǇĞĞůŝƐƚŝŶŐĚĂƚĞƐĂŶĚŚŽƵƌƐǁŽƌŬĞĚ͘ŽŵƉƵƚĞƌ E ŐĞŶĞƌĂƚĞĚƉƌŝŶƚŽƵƚƐŽĨůĂďŽƌĐŽƐƚƐĨŽƌƚŚĞƉƌŽũĞĐƚŵƵƐƚĐŽŶƚĂŝŶƚŚĞƉƌŽũĞĐƚŶƵŵďĞƌ͕ĞĂĐŚĞŵƉůŽǇĞĞΖƐŶĂŵĞ͕ŚŽƵƌůǇ ƌĂƚĞ͕ƌĞŐƵůĂƌĂŶĚŽǀĞƌƚŝŵĞŚŽƵƌƐ͕ĂŶĚƚŚĞĚŽůůĂƌĂŵŽƵŶƚĐŚĂƌŐĞĚƚŽƚŚĞƉƌŽũĞĐƚĨŽƌĞĂĐŚƉĂǇƉĞƌŝŽĚ͘ ϱ͘E'/EZŵƵƐƚƉƌŽǀŝĚĞĂĐŽƉǇŽĨƚŚĞŝŶǀŽŝĐĞƚŚĞǇĨŽƌǁĂƌĚĞĚƚŽƚŚĞĐŝƚǇƚŽƚŚĞĚĞǀĞůŽƉĞƌĨŽƌŝŶĨŽƌŵĂƚŝŽŶĂůƉƵƌƉŽƐĞƐ͘ dŚŝƐĚŽĐƵŵĞŶƚƐŚŽƵůĚďĞĐůĞĂƌĞĚƐƚĂƚĞĚƚŚĂƚŝƚ͛ƐĨŽƌŝŶĨŽƌŵĂƚŝŽŶĂůƉƵƌƉŽƐĞƐŽŶůǇ͘ /ĨE'/EZŝƐĂƵƚŚŽƌŝǌĞĚďǇ/dzƚŽƵƐĞŽƌƵƐĞƐĂŶǇƐƵďĐŽŶƐƵůƚĂŶƚƐ͕E'/EZŵƵƐƚŝŶĐůƵĚĞĂůůƚŚĞĂďŽǀĞƐƵƉƉŽƌƚŝŶŐ & ĚŽĐƵŵĞŶƚĂƚŝŽŶŝŶĂŶǇƐƵďĐŽŶƐƵůƚĂŶƚ͛ƐŽŶƚƌĂĐƚ͕ĂŶĚE'/EZŵƵƐƚĐŽŵƉůǇǁŝƚŚDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐ^ĞĐƚŝŽŶϭϲ͘ϭϮϰϱ͕ ƌĞƋƵŝƌŝŶŐƚŝŵĞůǇƉĂǇŵĞŶƚďǇE'/EZŽĨƐƵďĐŽŶƐƵůƚĂŶƚ͛Ɛ͕ƉĞŶĂůƚŝĞƐĨŽƌůĂƚĞƉĂǇŵĞŶƚƐ͕ĂŶĚĚĞĨŝŶŝŶŐĐŽƐƚƐƚŚĞƐƵď ĐŽŶƐƵůƚĂŶƚŵƵƐƚďĞĂǁĂƌĚĞĚŝĨƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚƉƌĞǀĂŝůƐŝŶĂůĂǁƐƵŝƚ͘ E'/EZŵƵƐƚƌĞƋƵŝƌĞƐƵďĐŽŶƐƵůƚĂŶƚ͛ƐŝŶǀŽŝĐĞƐƚŽĨŽůůŽǁƚŚĞƐĂŵĞĨŽƌŵĂŶĚĐŽŶƚĂŝŶƚŚĞƐĂŵĞŝŶĨŽƌŵĂƚŝŽŶĂƐƐĞƚ ' ĨŽƌƚŚĂďŽǀĞ͘ KE/d/KE^K&WzDEd $57,&/( &ŽƌĂůůƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐƉƌŽǀŝĚĞĚďǇE'/EZƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ƚŚĞŶŐŝŶĞĞƌƐŚĂůůŵĂŝŶƚĂŝŶŝƚƐĞƚŚŝĐĂůĂŶĚ $ ůĞŐĂůĚƵƚǇŽĨĂƉƌŽĨĞƐƐŝŽŶĂůƚŽĞǆĞƌĐŝƐĞƚŚĞůĞǀĞůŽĨĐĂƌĞ͕ĚŝůŝŐĞŶĐĞ͕ĂŶĚƐŬŝůůƉƌĞƐĐƌŝďĞĚŝŶƚŚĞĐŽĚĞŽĨƉƌĂĐƚŝĐĞŽĨŚŝƐŽƌŚĞƌ ƉƌŽĨĞƐƐŝŽŶ͕ŽƌĂƐŽƚŚĞƌƉƌŽĨĞƐƐŝŽŶĂůƐŝŶƚŚĞƐĂŵĞĚŝƐĐŝƉůŝŶĞǁŽƵůĚŝŶƚŚĞƐĂŵĞŽƌƐŝŵŝůĂƌĐŝƌĐƵŵƐƚĂŶĐĞƐ͘dŚĞE'/EZ ƐŚĂůůĐŽŵƉůǇǁŝƚŚƚŚĞĨŽůůŽǁŝŶŐ͗ ϭ͘ůůĐƵƌƌĞŶƚĂƉƉůŝĐĂďůĞĨĞĚĞƌĂů͕ƐƚĂƚĞ͕ĂŶĚůŽĐĂůůĂǁƐ͕ŽƌĚŝŶĂŶĐĞƐ͕ƌƵůĞƐ͕ĂŶĚƌĞŐƵůĂƚŝŽŶƐ͘ Ϯ͘ůůĐƵƌƌĞŶƚƐƚĂƚĞƐƚĂŶĚĂƌĚƐ͕ƉŽůŝĐŝĞƐ͕ĂŶĚƉƌĂĐƚŝĐĞƐƌĞƋƵŝƌĞĚďǇĂƉƉůŝĐĂďůĞůĂǁƚŽƉĞƌĨŽƌŵE'/EZ͛ƐƐĞƌǀŝĐĞƐ͘ E'/EZǁŝůůŶŽƚƌĞĐĞŝǀĞƉĂǇŵĞŶƚĨŽƌǁŽƌŬƉĞƌĨŽƌŵĞĚŝŶǀŝŽůĂƚŝŽŶŽĨĨĞĚĞƌĂů͕ƐƚĂƚĞ͕ŽƌůŽĐĂůůĂǁƐ͕ŽƌĚŝŶĂŶĐĞƐ͕ƌƵůĞƐ͕Žƌ % ƌĞŐƵůĂƚŝŽŶƐ͘ ůůĚĞůŝǀĞƌĂďůĞƐĐŽǀĞƌĞĚďǇƉƌŽŐƌĞƐƐƉĂǇŵĞŶƚƐŵĂĚĞďǇ/dzǁŝůůďĞĐŽŵĞƚŚĞƐŽůĞƉƌŽƉĞƌƚǇŽĨ/dz͘dŚŝƐƉƌŽǀŝƐŝŽŶŵƵƐƚ & ŶŽƚďĞĐŽŶƐƚƌƵĞĚĂƐƌĞůŝĞǀŝŶŐE'/EZĨƌŽŵƐŽůĞƌĞƐƉŽŶƐŝďŝůŝƚǇĨŽƌƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐƵƉŽŶǁŚŝĐŚƉĂǇŵĞŶƚƐŚĂǀĞ ďĞĞŶŵĂĚĞŽƌƚŚĞƌĞƐƚŽƌĂƚŝŽŶŽĨĂŶǇĚĂŵĂŐĞĚǁŽƌŬŽƌĂƐǁĂŝǀŝŶŐƚŚĞƌŝŐŚƚŽĨ/dzƚŽƌĞƋƵŝƌĞƚŚĞĨƵůĨŝůůŵĞŶƚŽĨĂůůŽĨƚŚĞ ƚĞƌŵƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘/ĨƚŚĞ/dzƵƐĞƐƚŚĞE'/EZ͛ƐĚĞůŝǀĞƌĂďůĞƐŝŶĂŵĂŶŶĞƌďĞǇŽŶĚƚŚĞƐĐŽƉĞŽĨƚŚŝƐĐŽŶƚƌĂĐƚ͕ŝƚ ƐŚĂůůŝŶĚĞŵŶŝĨǇE'/EZĨŽƌĐůĂŝŵƐƌĞƐƵůƚŝŶŐĨƌŽŵƚŚŝƐƌĞƵƐĞ͘dŚĞ/dzŐƌĂŶƚƐE'/EZĂŶŽŶͲĞǆĐůƵƐŝǀĞůŝĐĞŶƐĞ͕ƚŽƚŚĞ ĞǆƚĞŶƚŽĨƚŚĞ/dz͛ƐƌŝŐŚƚƐŝŶƐƵĐŚĚĂƚĂ͕ƚŽƵƐĞƚŚĞE'/EZĂƚĂĨŽƌŽƚŚĞƌƉƵƌƉŽƐĞƐ͘ EŽƚŚŝŶŐŝŶƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚďĞĐŽŶƐƚƌƵĞĚŝŶĂŶǇǁĂǇƚŽƌĞůŝĞǀĞE'/EZĨƌŽŵŝƚƐŽďůŝŐĂƚŝŽŶƚŽĐŽŵƉůĞƚĞƚŚĞƐĞƌǀŝĐĞƐ ' ĂŶĚͬŽƌĚĞůŝǀĞƌĂďůĞƐĚĞƐĐƌŝďĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚĨŽƌĂƐƵŵŶŽƚƚŽĞǆĐĞĞĚƚŚĂƚŝƐƐĞƚĨŽƌƚŚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͘ E'/EZŝƐŶŽƚĂƵƚŚŽƌŝǌĞĚƚŽĚŝƌĞĐƚƚŚĞǁŽƌŬŽĨŽŶƚƌĂĐƚŽƌ͕ƵŶůĞƐƐŝƚǇŝƐŐŝǀĞŶƐƵĐŚĂƵƚŚŽƌŝƚǇ͕ŝŶǁƌŝƚŝŶŐ͕ďǇKǁŶĞƌ͘ ( E'/EZĐŽŵŵƵŶŝĐĂƚŝŽŶƐŚĂůůďĞĚŝƌĞĐƚůǇǁŝƚŚKǁŶĞƌ͛ƐƌĞƉƌĞƐĞŶƚĂƚŝǀĞ;ŽŶƐƚƌƵĐƚŝŽŶĨŽƌĞŵĞŶŽƌƐƵƉĞƌŝŶƚĞŶĚĞŶƚŽƌ ŽƚŚĞƌŵĞŵďĞƌŝĚĞŶƚŝĨŝĞĚĂƐWƌŽũĞĐƚDĂŶĂŐĞƌͿ͕ĂŶĚƚŽŝƚǇŶŐŝŶĞĞƌŽƌŚŝƐĚĞƐŝŐŶĞĞ͘ ^^/'EDEd $57,&/(ŝƐ ŽŶƚƌĂĐƚ͘ ĐŽƉǇŽĨĂŶǇĂŶĚĂůůƐƵďĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚƐŵƵƐƚďĞƐĞŶƚƚŽƚŚĞ/dz͛ƐƵƚŚŽƌŝǌĞĚŐĞŶƚĂĨƚĞƌĞǆĞĐƵƚŝŽŶŽĨƚŚĞƐƵď % ĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚĂŶĚƉƌŝŽƌƚŽǁŽƌŬƐƚĂƌƚŝŶŐƵŶĚĞƌƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚ͘ DEDEd^͕,E'KZZ^͕DZ'Z͕KhEdZWZd^͕Et/sZ $57,&/( ŵĞŶĚŵĞŶƚƐƚŽƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞĐŽŶƐŝĚĞƌĞĚŽŶůǇĨŽƌƵŶĨŽƌĞƐĞĞŶǁŽƌŬŽƌƐĞƌǀŝĐĞƐƚŚĂƚǁĞƌĞĞǆĐůƵĚĞĚŝŶƚŚĞ^ĐŽƉĞŽĨ $ tŽƌŬ͕ĞŶƚŝƚůĞĚ͞ĞƚĂŝůĞĚ^ĐŽƉĞŽĨtŽƌŬ͕͟ĂŶĚƚŚĂƚĂƌĞĐŽŶƐŝĚĞƌĞĚĞƐƐĞŶƚŝĂůƚŽƚŚĞǁŽƌŬ͘ŶǇǁƌŝƚƚĞŶĐůĂŝŵŵĂĚĞďǇ E'/EZĨŽƌĞǆƚƌĂǁŽƌŬŽƌĐŽƐƚƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚƚŚĂƚŚĂƐďĞĞŶĂƉƉƌŽǀĞĚďǇƚŚĞ/dzΖƐƵƚŚŽƌŝǌĞĚŐĞŶƚŵƵƐƚďĞ ĞǀŝĚĞŶĐĞĚďǇĂŶĂŵĞŶĚŵĞŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚ͘ŵĞŶĚŵĞŶƚƐŵƵƐƚďĞŝŶǁƌŝƚŝŶŐĂŶĚĞǆĞĐƵƚĞĚĂŶĚĂƉƉƌŽǀĞĚďǇƚŚĞƐĂŵĞ ƉĂƌƚŝĞƐĂŶĚŽĨĨŝĐŝĂůƐǁŚŽĞǆĞĐƵƚĞĚĂŶĚĂƉƉƌŽǀĞĚƚŚĞŽƌŝŐŝŶĂůŽŶƚƌĂĐƚ͕ŽƌƚŚĞŝƌƐƵĐĐĞƐƐŽƌƐŝŶŽĨĨŝĐĞ͘E'/EZŵƵƐƚŶŽƚŝĨǇ /dz͛ƐWƌŽũĞĐƚDĂŶĂŐĞƌŝŶǁƌŝƚŝŶŐŝĨE'/EZǁŝůůďĞĚĞůĂǇĞĚŝŶĂŶǇǁĂǇĨƌŽŵĐŽŵƉůĞƚŝŶŐƚŚĞƉƌŽũĞĐƚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘ dŚĞǁŽƌŬƚŽďĞĚŽŶĞŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚŵĂǇďĞĐŚĂŶŐĞĚĂƚƚŚĞƌĞƋƵĞƐƚŽĨ/dz͕ǁŝƚŚƚŚĞŵƵƚƵĂůĐŽŶĐƵƌƌĞŶĐĞ % ŽĨE'/EZ͘ŶǇĐŚĂŶŐĞǁŝůůďĞĐůĞĂƌůǇĂŶĚĨƵůůǇĚĞĨŝŶĞĚŝŶǁƌŝƚŝŶŐ͕ĂŶĚĂƉƉƌŽǀĞĚďǇďŽƚŚƉĂƌƚŝĞƐ͘ŚĂŶŐĞŽƌĚĞƌƐŵƵƐƚ ďĞĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞďĂƐŝĐƉƵƌƉŽƐĞŽĨƚŚŝƐŽŶƚƌĂĐƚĂŶĚǁŝƚŚŝŶƚŚĞŐĞŶĞƌĂů^ĐŽƉĞŽĨ^ĞƌǀŝĐĞƐŝĚĞŶƚŝĨŝĞĚŝŶƚŚĞ^ƉĞĐŝĂů ŽŶĚŝƚŝŽŶƐ͘ dŚŝƐŽŶƚƌĂĐƚĐŽŶƐƚŝƚƵƚĞƐƚŚĞĞŶƚŝƌĞĂŐƌĞĞŵĞŶƚďĞƚǁĞĞŶƚŚĞƉĂƌƚŝĞƐ͘EŽǁĂŝǀĞƌ͕ĐŽŶƐĞŶƚ͕ŵŽĚŝĨŝĐĂƚŝŽŶŽƌĐŚĂŶŐĞŽĨƚĞƌŵƐ & ŽĨƚŚŝƐŽŶƚƌĂĐƚƐŚĂůůďŝŶĚĞŝƚŚĞƌƉĂƌƚǇƵŶůĞƐƐŝŶǁƌŝƚŝŶŐĂŶĚƐŝŐŶĞĚďǇďŽƚŚƉĂƌƚŝĞƐ͘^ƵĐŚǁĂŝǀĞƌ͕ĐŽŶƐĞŶƚ͕ŵŽĚŝĨŝĐĂƚŝŽŶŽƌ ĐŚĂŶŐĞ͕ŝĨŵĂĚĞ͕ƐŚĂůůďĞĞĨĨĞĐƚŝǀĞŽŶůǇŝŶƚŚĞƐƉĞĐŝĨŝĐŝŶƐƚĂŶĐĞĂŶĚĨŽƌƚŚĞƐƉĞĐŝĨŝĐƉƵƌƉŽƐĞŐŝǀĞŶ͘dŚĞƌĞĂƌĞŶŽ ƵŶĚĞƌƐƚĂŶĚŝŶŐƐ͕ĂŐƌĞĞŵĞŶƚƐŽƌƌĞƉƌĞƐĞŶƚĂƚŝŽŶƐ͕ŽƌĂůŽƌǁƌŝƚƚĞŶ͕ŶŽƚƐƉĞĐŝĨŝĞĚŚĞƌĞŝŶƌĞŐĂƌĚŝŶŐƚŚŝƐŽŶƚƌĂĐƚ͘E'/EZ͕ ďǇƚŚĞƐŝŐŶĂƚƵƌĞďĞůŽǁŽĨŝƚƐĂƵƚŚŽƌŝǌĞĚƌĞƉƌĞƐĞŶƚĂƚŝǀĞ͕ŚĞƌĞďǇĂĐŬŶŽǁůĞĚŐĞƐƚŚĂƚƚŚĞE'/EZŚĂƐƌĞĂĚƚŚŝƐŽŶƚƌĂĐƚ͕ ƵŶĚĞƌƐƚĂŶĚƐŝƚĂŶĚĂŐƌĞĞƐƚŽďĞďŽƵŶĚďǇŝƚƐƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐ͘ dŚŝƐŽŶƚƌĂĐƚŵĂǇďĞĞǆĞĐƵƚĞĚŝŶŽŶĞŽƌŵŽƌĞĐŽƵŶƚĞƌƉĂƌƚƐ͕ĞĂĐŚŽĨǁŚŝĐŚƐŚĂůůďĞĚĞĞŵĞĚƚŽďĞĂŶŽƌŝŐŝŶĂů͕ďƵƚĂůůŽĨ ' ǁŚŝĐŚƚŽŐĞƚŚĞƌƐŚĂůůĐŽŶƐƚŝƚƵƚĞƚŚĞƐĂŵĞŽŶƚƌĂĐƚ͘ KDW>/Et/d,>/E^^͕WZD/d^͕EKd,ZZ'h>d/KE^ $57,&/( E'/EZƐŚĂůůƉƌŽĐƵƌĞĂůůůŝĐĞŶƐĞƐ͕ĐĞƌƚŝĨŝĐĂƚŝŽŶƐ͕ĞĚƵĐĂƚŝŽŶ͕ƉĞƌŵŝƚƐ͕ŽƌŽƚŚĞƌƌŝŐŚƚƐŶĞĐĞƐƐĂƌǇƚŽĨƵůĨŝůůŝƚƐŽďůŝŐĂƚŝŽŶƐ $ ƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚĂůůĂƉƉůŝĐĂďůĞĨĞĚĞƌĂůĂŶĚƐƚĂƚĞůĂǁƐ͘ dWZd/^E/Ed>>dh>WZKWZdz $57,&/( dŚĞDŝŶŶĞƐŽƚĂ'ŽǀĞƌŶŵĞŶƚĂƚĂWƌĂĐƚŝĐĞƐĐƚ͕DŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐŚĂƉƚĞƌϭϯ͕ĂƉƉůŝĞƐƚŽĂůůĚĂƚĂĐƌĞĂƚĞĚ͕ŐĂƚŚĞƌĞĚ͕ $ ŐĞŶĞƌĂƚĞĚ͕ŽƌĂĐƋƵŝƌĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚ͘ ŶǇƌĞƉŽƌƚƐ͕ƐƚƵĚŝĞƐ͕ƉŚŽƚŽŐƌĂƉŚƐ͕ŶĞŐĂƚŝǀĞƐ͕ŽƌŽƚŚĞƌĚŽĐƵŵĞŶƚƐĐƌĞĂƚĞĚĂŶĚƉĂŝĚĨŽƌďǇE'/EZŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞ % ŽĨŝƚƐŽďůŝŐĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚĂƌĞŝŶƐƚƌƵŵĞŶƚƐŽĨƐĞƌǀŝĐĞŝŶƌĞƐƉĞĐƚƚŽE'/EZ͛ƐƐĞƌǀŝĐĞƐĂŶĚĂƌĞƚŚĞĞǆĐůƵƐŝǀĞ ƉƌŽƉĞƌƚǇŽĨ/dz͘E'/EZŵƵƐƚƌĞŵŝƚĂůůƐƵĐŚŵĂƚĞƌŝĂůƐƚŽ/dzƵƉŽŶĐŽŵƉůĞƚŝŽŶŽƌĐĂŶĐĞůůĂƚŝŽŶŽĨƚŚŝƐŽŶƚƌĂĐƚ͘dŚĞ /dzǁŝůůŝŶĚĞŵŶŝĨǇE'/EZĨŽƌĐůĂŝŵƐƌĞƐƵůƚŝŶŐĨƌŽŵĂŶǇƌĞƵƐĞŽĨƐƵĐŚŵĂƚĞƌŝĂůƐďĞǇŽŶĚƚŚĞƐĐŽƉĞŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ dŚĞŝƚǇƐŚĂůůŐƌĂŶƚƚŚĞE'/EZĂŶŽŶͲĞǆĐůƵƐŝǀĞůŝĐĞŶƐĞ͕ƚŽƚŚĞĞǆƚĞŶƚŽĨƚŚĞ/dzΖƐƌŝŐŚƚƐŝŶƐƵĐŚĚĂƚĂ͕ƚŽƵƐĞƚŚĞ E'/EZĂƚĂĨŽƌŽƚŚĞƌƉƵƌƉŽƐĞƐ͘E'/EZǁĂŝǀĞƐĂůůĐůĂŝŵƐĂŐĂŝŶƐƚƚŚĞ/dzƌĞƐƵůƚŝŶŐŝŶĂŶǇǁĂǇĨƌŽŵĂŶǇƌĞƵƐĞŽĨ ƚŚĞE'/EZ͘ hŶůĞƐƐŽƚŚĞƌǁŝƐĞĚŝƌĞĐƚĞĚďǇ/dz͕ƚŚĞŽƌŝŐŝŶĂůƐŽĨƌĞƉŽƌƚƐ͕ƚĞƐƚƐ͕ĚƌĂǁŝŶŐƐĂŶĚƉůĂŶƐ͖ĂŶĚůĞŐŝďůǇƌĞƉƌŽĚƵĐŝďůĞĐŽƉŝĞƐŽĨ & ǁŽƌŬƐŚĞĞƚƐ͕ĨŝĞůĚŶŽƚĞƐ͕ĐŽŵƉƵƚĂƚŝŽŶƐ͕ƉŚŽƚŽƐ͕ƚĞƐƚƌĞƐƵůƚƐ͕ĂŶĚŽƚŚĞƌƉƌŽũĞĐƚĚĂƚĂŵƵƐƚďĞƌĞůŝŶƋƵŝƐŚĞĚƚŽ/dz͗ ϭ͘hƉŽŶǁƌŝƚƚĞŶŶŽƚŝĐĞŽĨĐŽŵƉůĞƚŝŽŶŽƌĐĂŶĐĞůůĂƚŝŽŶŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ Ϯ͘hƉŽŶǁƌŝƚƚĞŶŶŽƚŝĨŝĐĂƚŝŽŶďǇ/dz͘ ϯ͘WƌŝŽƌƚŽĨŝŶĂůƉĂǇŵĞŶƚďǇ/dzƚŽE'/EZĨŽƌƚŚŝƐŽŶƚƌĂĐƚ͘ ͘EŽƚǁŝƚŚƐƚĂŶĚŝŶŐƚŚĞĂďŽǀĞƉĂƌĂŐƌĂƉŚƐ͕ǁŽƌŬƉĂƉĞƌƐ͕ƉƌŽƉƌŝĞƚĂƌǇŝŶĨŽƌŵĂƚŝŽŶ͕ƉƌŽĐĞƐƐĞƐ͕ŵĞƚŚŽĚŽůŽŐŝĞƐ͕ŬŶŽǁͲŚŽǁĂŶĚ ƐŽĨƚǁĂƌĞ;͞E'/EZĂƚĂ͟ͿƉƌĞǀŝŽƵƐůǇďĞůŽŶŐŝŶŐŽƌůŝĐĞŶƐĞĚƚŽE'/EZĂŶĚƵƐĞĚƚŽƉĞƌĨŽƌŵE'/EZ͛ƐƐĞƌǀŝĐĞƐƐŚĂůů ƌĞŵĂŝŶƚŚĞƉƌŽƉĞƌƚǇŽĨE'/EZ͘E'/EZƐŚĂůůƌĞƚĂŝŶĂŶŽǁŶĞƌƐŚŝƉĂŶĚƉƌŽƉĞƌƚǇŝŶƚĞƌĞƐƚƚŚĞƌĞŝŶ;ŝŶĐůƵĚŝŶŐƚŚĞĐŽƉǇƌŝŐŚƚ ĂŶĚƚŚĞƌŝŐŚƚŽĨƌĞƵƐĞĂƚƚŚĞĚŝƐĐƌĞƚŝŽŶŽĨƚŚĞE'/EZͿ͕ǁŚĞƚŚĞƌŽƌŶŽƚƚŚĞWƌŽũĞĐƚŝƐĐŽŵƉůĞƚĞĚ͘dŽƚŚĞĞǆƚĞŶƚƚŚĞƐĞƌǀŝĐĞƐ ƉĞƌĨŽƌŵĞĚďǇE'/EZĐŽŶƚĂŝŶE'/EZĂƚĂ͕E'/EZŚĞƌĞďǇŐƌĂŶƚƐƚŽ/dzĂŶŽŶͲĞǆĐůƵƐŝǀĞ͕ŶŽŶͲĂƐƐŝŐŶĂďůĞ͕ƌŽǇĂůƚǇͲ ĨƌĞĞ͕ŝƌƌĞǀŽĐĂďůĞůŝĐĞŶƐĞƚŽƵƐĞƐƵĐŚE'/EZĂƚĂĨŽƌƚŚĞƉƵƌƉŽƐĞƐƐĞƚĨŽƌƚŚŚĞƌĞŝŶ͕ƐƵďũĞĐƚƚŽƚŚĞĨŽůůŽǁŝŶŐůŝŵŝƚĂƚŝŽŶƐ͗ ƐƵĐŚE'/EZĂƚĂĂƌĞŶŽƚŝŶƚĞŶĚĞĚŽƌƌĞƉƌĞƐĞŶƚĞĚƚŽďĞƐƵŝƚĂďůĞĨŽƌƵƐĞŽƌƌĞƵƐĞďǇ/dzŽŶĞǆƚĞŶƐŝŽŶŽĨƚŚĞWƌŽũĞĐƚŽƌ ŽŶĂŶǇŽƚŚĞƌƉƌŽũĞĐƚǁŝƚŚŽƵƚǁƌŝƚƚĞŶǀĞƌŝĨŝĐĂƚŝŽŶŽƌĂĚĂƉƚĂƚŝŽŶďǇE'/EZĂŶĚĂŶǇƐƵĐŚƌĞƵƐĞŽƌŵŽĚŝĨŝĐĂƚŝŽŶŽĨƚŚĞ E'/EZĂƚĂǁŝƚŚŽƵƚƚŚĞǁƌŝƚƚĞŶǀĞƌŝĨŝĐĂƚŝŽŶŽƌĂĚĂƉƚĂƚŝŽŶďǇE'/EZƐŚĂůůďĞĚŽŶĞĂƚ/dz͛ƐƐŽůĞƌŝƐŬĂŶĚǁŝƚŚŽƵƚ ůŝĂďŝůŝƚǇƚŽE'/EZ͘ >//>/dz $57,&/( 'ĞŶĞƌĂůͲ,ĂǀŝŶŐĐŽŶƐŝĚĞƌĞĚƚŚĞƉŽƚĞŶƚŝĂůůŝĂďŝůŝƚŝĞƐƚŚĂƚŵĂǇĞǆŝƐƚĚƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞ^ĞƌǀŝĐĞƐ͕ƚŚĞďĞŶĞĨŝƚƐ $ ŽĨƚŚĞƉƌŽũĞĐƚ͕ĂŶĚƚŚĞE'/EZ͛ƐĨĞĞĨŽƌƚŚĞ^ĞƌǀŝĐĞƐ͕ĂŶĚŝŶĐŽŶƐŝĚĞƌĂƚŝŽŶŽĨƚŚĞƉƌŽŵŝƐĞƐĐŽŶƚĂŝŶĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ /dzĂŶĚE'/EZĂŐƌĞĞƚŽĂůůŽĐĂƚĞĂŶĚůŝŵŝƚƐƵĐŚůŝĂďŝůŝƚŝĞƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐƌƚŝĐůĞ͘ /ŶĚĞŵŶŝĨŝĐĂƚŝŽŶͲE'/EZĂŶĚ/dz;ƚŚĞ͞/ŶĚĞŵŶŝĨǇŝŶŐWĂƌƚǇ͟ͿƐŚĂůůďĞůŝĂďůĞĨŽƌŝƚƐŽǁŶŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐĂŶĚ % ŽŵŝƐƐŝŽŶƐƚŽƚŚĞĞǆƚĞŶƚƉƌŽǀŝĚĞĚďǇůĂǁĂŶĚƐƵďũĞĐƚƚŽƚŚĞ/dz͛ƐĐĂƉŽŶŵƵŶŝĐŝƉĂůƚŽƌƚůŝĂďŝůŝƚǇƵŶĚĞƌDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐ ^ĞĐƚŝŽŶϰϲϲ͘Ϭϰ͕ĂŶĚŚĞƌĞďǇĂŐƌĞĞƐƚŽĚĞĨĞŶĚ͕ŝŶĚĞŵŶŝĨǇ͕ĂŶĚŚŽůĚŚĂƌŵůĞƐƐƚŚĞŽƚŚĞƌ;͞ƚŚĞ/ŶĚĞŵŶŝĨŝĞĚWĂƌƚǇ͟Ϳ͕ĨƌŽŵ ĂŶǇůŝĂďŝůŝƚǇ͕ĚĂŵĂŐĞƐ͕ĂŶĚĐŽƐƚƐĂƌŝƐŝŶŐĨƌŽŵƚŚĞŶĞŐůŝŐĞŶƚĂĐƚƐŽĨE'/EZĂŶĚ/dzĂŶĚĂŶǇŽŶĞĨŽƌǁŚŽƐĞŶĞŐůŝŐĞŶƚ ĂĐƚƐƚŚĞǇŵĂǇďĞůŝĂďůĞĨŽƌŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽĨĞƐƐŝŽŶĂůƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚŝĐŚƚŚĞ/ŶĚĞŵŶŝĨŝĞĚ WĂƌƚǇ͕ŝƚƐŽĨĨŝĐĞƌƐĂŶĚĞŵƉůŽǇĞĞƐŵĂǇŚĞƌĞĂĨƚĞƌƐƵƐƚĂŝŶ͕ŝŶĐƵƌŽƌďĞƌĞƋƵŝƌĞĚƚŽƉĂǇƚŽƚŚĞĨƵůůĞĨĨĞĐƚƉƌŽǀŝĚĞĚďǇ DŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐŚĂƉƚĞƌϯϯϳ͕ƚŽƚŚĞĞǆƚĞŶƚƚŚĞE'/EZĂŶĚ/dzĂƌĞƌĞƐƉŽŶƐŝďůĞĨŽƌƐƵĐŚůŝĂďŝůŝƚǇ͕ĐŽƐƚƐ͕ĚĂŵĂŐĞƐ͕ ŝŶĐůƵĚŝŶŐƌĞĂƐŽŶĂďůĞĂƚƚŽƌŶĞǇƐ͛ĨĞĞƐ͘/ŶƚŚĞĞǀĞŶƚĐůĂŝŵƐ͕ůŽƐƐĞƐ͕ĚĂŵĂŐĞƐ͕ŽƌĞǆƉĞŶƐĞƐĂƌĞĐĂƵƐĞĚďǇƚŚĞũŽŝŶƚŽƌ ĐŽŶĐƵƌƌĞŶƚŶĞŐůŝŐĞŶĐĞŽĨE'/EZĂŶĚ/dz͕ƚŚĞǇƐŚĂůůďĞďŽƌŶĞďǇĞĂĐŚƉĂƌƚǇŝŶƉƌŽƉŽƌƚŝŽŶƚŽŝƚƐŽǁŶŶĞŐůŝŐĞŶĐĞ͘ ^ƵƌǀŝǀĂůͲhƉŽŶĐŽŵƉůĞƚŝŽŶŽĨĂůůƐĞƌǀŝĐĞƐ͕ŽďůŝŐĂƚŝŽŶƐ͕ĂŶĚĚƵƚŝĞƐƉƌŽǀŝĚĞĚĨŽƌŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ŽƌŝĨƚŚŝƐŽŶƚƌĂĐƚŝƐ & ƚĞƌŵŝŶĂƚĞĚĨŽƌĂŶǇƌĞĂƐŽŶ͕ƚŚĞƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐƌƚŝĐůĞƐŚĂůůƐƵƌǀŝǀĞ͘ tKZ<Z^ΖKDWE^d/KE $57,&/( ŶǇĂŶĚĂůůĞŵƉůŽǇĞĞƐŽĨE'/EZ͕ŝŶĐůƵĚŝŶŐŝƚƐƐƵďĐŽŶƐƵůƚĂŶƚƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶƐǁŚŝůĞĞŶŐĂŐĞĚŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨ $ ĂŶǇǁŽƌŬŽƌƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚďǇE'/EZƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ǁŝůůŶŽƚďĞĐŽŶƐŝĚĞƌĞĚĞŵƉůŽǇĞĞƐŽĨ/dz͘ŶǇĂŶĚĂůů ĐůĂŝŵƐƚŚĂƚŵĂǇĂƌŝƐĞƵŶĚĞƌƚŚĞtŽƌŬĞƌƐΖŽŵƉĞŶƐĂƚŝŽŶĐƚŽĨDŝŶŶĞƐŽƚĂŽŶďĞŚĂůĨŽĨƐĂŝĚĞŵƉůŽǇĞĞƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶƐ ǁŚŝůĞƐŽĞŶŐĂŐĞĚ͕ĂŶĚĂŶǇĂŶĚĂůůĐůĂŝŵƐŵĂĚĞďǇĂŶǇƚŚŝƌĚƉĂƌƚǇĂƐĂĐŽŶƐĞƋƵĞŶĐĞŽĨĂŶǇĂĐƚŽƌŽŵŝƐƐŝŽŶŽŶƚŚĞƉĂƌƚŽĨ E'/EZΖƐĞŵƉůŽǇĞĞƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶǁŚŝůĞƐŽĞŶŐĂŐĞĚŽŶĂŶǇŽĨƚŚĞǁŽƌŬŽƌƐĞƌǀŝĐĞƐƚŽďĞƌĞŶĚĞƌĞĚ͕ǁŝůůŝŶŶŽǁĂǇ ďĞƚŚĞŽďůŝŐĂƚŝŽŶŽƌƌĞƐƉŽŶƐŝďŝůŝƚǇŽĨ/dz͘WƵƌƐƵĂŶƚƚŽDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐϭϳϲ͘ϭϴϮ͕ĂĐĐĞƉƚĂďůĞĞǀŝĚĞŶĐĞŽĨĐŽŵƉůŝĂŶĐĞ ǁŝƚŚtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞƌĞƋƵŝƌĞŵĞŶƚƐŵƵƐƚďĞƉƌĞƐĞŶƚĞĚƚŽ/dzďĞĨŽƌĞ/dzŵĂǇĞŶƚĞƌŝŶƚŽĂ ĐŽŶƚƌĂĐƚǁŝƚŚE'/EZ͘ KE^ $57,&/( dŚŝƐƌƚŝĐůĞŝƐŚĞƌĞďǇĚĞůĞƚĞĚ͘ /E^hZE $57,&/( ĐĞƌƚŝĨŝĐĂƚĞŽĨŝŶƐƵƌĂŶĐĞĨŽƌĞĂĐŚƚǇƉĞŽĨŝŶƐƵƌĂŶĐĞƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚďĞĨŝůĞĚǁŝƚŚƚŚĞ/dz͛ƐƵƚŚŽƌŝǌĞĚ $ ŐĞŶƚƉƌŝŽƌƚŽĞǆĞĐƵƚŝŽŶŽĨƚŚĞŽŶƚƌĂĐƚďǇŝƚǇ͘ĂĐŚƉŽůŝĐǇŵƵƐƚĐŽŶƚĂŝŶĂƌĞƋƵŝƌĞŵĞŶƚƚŚĂƚƚŚĞŝŶƐƵƌĞƌƉƌŽǀŝĚĞƚŚĞ /dzĂϯϬͲĚĂǇŶŽƚŝĐĞŽĨĐĂŶĐĞůůĂƚŝŽŶ͘ E'/EZŵƵƐƚŵĂŝŶƚĂŝŶĂŶĚĨƵƌŶŝƐŚƐĂƚŝƐĨĂĐƚŽƌǇĞǀŝĚĞŶĐĞŽĨƚŚĞĨŽůůŽǁŝŶŐŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐ͗ % ϭ͘E'/EZƐŚĂůůƉƌŽĐƵƌĞĂŶĚŵĂŝŶƚĂŝŶĨŽƌƚŚĞƚĞƌŵŽĨƚŚĞŽŶƚƌĂĐƚ͕ŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞĂƐŝƐƌĞĂƐŽŶĂďůĞĂŶĚŶĞĐĞƐƐĂƌǇ ĨŽƌƉĞƌĨŽƌŵĞĚƐĞƌǀŝĐĞƐďǇE'/EZĂŶĚŝƚƐĞŵƉůŽǇĞĞƐ͘ Ϯ͘dŚĞE'/EZƐŚĂůůďĞƌĞƐƉŽŶƐŝďůĞĨŽƌŽďƚĂŝŶŝŶŐƐĞƉĂƌĂƚĞĐĞƌƚŝĨŝĐĂƚĞƐĂŶĚĞŶĚŽƌƐĞŵĞŶƚƐĨŽƌĞĂĐŚƐƵďĐŽŶƐƵůƚĂŶƚ͘ E'/EZƐŚĂůůĚĞƚĞƌŵŝŶĞƚŚĞĂƉƉƌŽƉƌŝĂƚĞůĞǀĞůŽĨŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞĂŶĚůŝŵŝƚƐĨƌŽŵŝƚƐƐƵďĐŽŶƐƵůƚĂŶƚƐ͘ ϯ͘tŽƌŬĞƌƐΖŽŵƉĞŶƐĂƚŝŽŶ/ŶƐƵƌĂŶĐĞ͗E'/EZǁŝůůƉƌŽǀŝĚĞtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞĨŽƌĂůůE'/EZ ĞŵƉůŽǇĞĞƐĂŶĚ͕ŝŶĐĂƐĞĂŶǇǁŽƌŬŝƐƐƵďĐŽŶƚƌĂĐƚĞĚ͕E'/EZǁŝůůƌĞƋƵŝƌĞƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚƚŽƉƌŽǀŝĚĞtŽƌŬĞƌƐ͛ ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞƐƚĂƚƵƚŽƌǇƌĞƋƵŝƌĞŵĞŶƚƐŽĨ/dzŽĨDŝŶŶĞƐŽƚĂ͕ĂŶĚŝŶĐůƵĚŝŶŐŽǀĞƌĂŐĞ ͕ŵƉůŽǇĞƌ͛Ɛ>ŝĂďŝůŝƚǇ͕ĂƚůŝŵŝƚƐŶŽƚůĞƐƐƚŚĂŶΨϭϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůǇŝŶũƵƌǇďǇĚŝƐĞĂƐĞƉĞƌĞŵƉůŽǇĞĞ͖ΨϱϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůǇ ŝŶũƵƌǇďǇĚŝƐĞĂƐĞĂŐŐƌĞŐĂƚĞ͖ĂŶĚΨϭϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůǇŝŶũƵƌǇďǇĂĐĐŝĚĞŶƚ͘ǀŝĚĞŶĐĞŽĨƐƵďĐŽŶƐƵůƚĂŶƚ͚ƐŝŶƐƵƌĂŶĐĞƐŚĂůů ďĞĨŝůĞĚǁŝƚŚƚŚĞE'/EZ͘ ϰ͘ŽŵŵĞƌĐŝĂů'ĞŶĞƌĂů>ŝĂďŝůŝƚǇ͗E'/EZǁŝůůŵĂŝŶƚĂŝŶŝŶƐƵƌĂŶĐĞƉƌŽƚĞĐƚŝŶŐE'/EZĨƌŽŵĐůĂŝŵƐĨŽƌĚĂŵĂŐĞƐĨŽƌ ďŽĚŝůǇŝŶũƵƌǇ͕ŝŶĐůƵĚŝŶŐƐŝĐŬŶĞƐƐŽƌĚŝƐĞĂƐĞ͕ĚĞĂƚŚ͕ĂŶĚĨŽƌĐĂƌĞĂŶĚůŽƐƐŽĨƐĞƌǀŝĐĞƐĂƐǁĞůůĂƐĨƌŽŵĐůĂŝŵƐĨŽƌƉƌŽƉĞƌƚǇ ĚĂŵĂŐĞŝŶĐůƵĚŝŶŐůŽƐƐŽĨƵƐĞǁŚŝĐŚŵĂǇĂƌŝƐĞĨƌŽŵŽƉĞƌĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚĞƚŚĞƌƐƵĐŚŽƉĞƌĂƚŝŽŶƐďĞďǇ E'/EZŽƌďǇĂƐƵďĐŽŶƐƵůƚĂŶƚŽƌďǇĂŶǇŽŶĞĚŝƌĞĐƚůǇŽƌŝŶĚŝƌĞĐƚůǇĞŵƉůŽǇĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘E'/EZ͛Ɛ ůŝĂďŝůŝƚǇŝŶƐƵƌĂŶĐĞƐŚĂůůďĞƉƌŝŵĂƌǇƚŽĂŶǇůŝĂďŝůŝƚǇŝŶƐƵƌĂŶĐĞŵĂŝŶƚĂŝŶĞĚďǇƚŚĞŝƚǇ͘hŶůĞƐƐŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶ ƚŚŝƐŽŶƚƌĂĐƚ͕E'/EZ͛ƐŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌŽĐĐƵƌƌĞŶĐĞ D Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲĂŶŶƵĂůĂŐŐƌĞŐĂƚĞ E /ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĨŽůůŽǁŝŶŐĐŽǀĞƌĂŐĞƐƐŚŽƵůĚďĞŝŶĐůƵĚĞĚ͗ ŽĚŝůǇ/ŶũƵƌǇĂŶĚWƌŽƉĞƌƚǇĂŵĂŐĞ D WƌŽĚƵĐƚƐĂŶĚŽŵƉůĞƚĞĚKƉĞƌĂƚŝŽŶƐ>ŝĂďŝůŝƚǇ E ůĂŶŬĞƚŽŶƚƌĂĐƚƵĂů>ŝĂďŝůŝƚǇ F EĂŵĞ/dzĂƐĂŶĚĚŝƚŝŽŶĂů/ŶƐƵƌĞĚ G ϱ͘ŽŵŵĞƌĐŝĂůƵƚŽŵŽďŝůĞ>ŝĂďŝůŝƚǇ͗E'/EZǁŝůůŵĂŝŶƚĂŝŶŝŶƐƵƌĂŶĐĞƉƌŽƚĞĐƚŝŶŐE'/EZĨƌŽŵĐůĂŝŵƐĨŽƌĚĂŵĂŐĞƐ ĨŽƌďŽĚŝůǇŝŶũƵƌǇ͕ŝŶĐůƵĚŝŶŐƐŝĐŬŶĞƐƐŽƌĚŝƐĞĂƐĞ͕ĚĞĂƚŚ͕ĂŶĚĨŽƌĐĂƌĞĂŶĚůŽƐƐŽĨƐĞƌǀŝĐĞƐ͕ĂƐǁĞůůĂƐĨƌŽŵĐůĂŝŵƐĨŽƌ ƉƌŽƉĞƌƚǇĚĂŵĂŐĞŝŶĐůƵĚŝŶŐůŽƐƐŽĨƵƐĞǁŚŝĐŚŵĂǇĂƌŝƐĞĨƌŽŵŽƉĞƌĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚĞƚŚĞƌƐƵĐŚŽƉĞƌĂƚŝŽŶƐ ǁĞƌĞďǇE'/EZŽƌďǇƐƵďĐŽŶƐƵůƚĂŶƚŽƌďǇĂŶǇŽŶĞĚŝƌĞĐƚůǇŽƌŝŶĚŝƌĞĐƚůǇĞŵƉůŽǇĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘hŶůĞƐƐ ŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ƚŚĞE'/EZŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌŽĐĐƵƌƌĞŶĐĞŽŵďŝŶĞĚ^ŝŶŐůĞůŝŵŝƚĨŽƌŽĚŝůǇ/ŶũƵƌǇĂŶĚWƌŽƉĞƌƚǇĂŵĂŐĞ /ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĨŽůůŽǁŝŶŐĐŽǀĞƌĂŐĞƐƐŚŽƵůĚďĞŝŶĐůƵĚĞĚ͗ KǁŶĞĚ͕,ŝƌĞĚ͕ĂŶĚEŽŶͲŽǁŶĞĚ EĂŵĞ/dzĂƐĂŶĚĚŝƚŝŽŶĂů/ŶƐƵƌĞĚ ϲ͘WƌŽĨĞƐƐŝŽŶĂů>ŝĂďŝůŝƚǇ/ŶƐƵƌĂŶĐĞ͗ hŶůĞƐƐŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕E'/EZŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌĐůĂŝŵ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲĂŶŶƵĂůĂŐŐƌĞŐĂƚĞ dŚŝƐƉŽůŝĐǇǁŝůůƉƌŽǀŝĚĞĐŽǀĞƌĂŐĞĨŽƌĂůůĐůĂŝŵƐE'/EZǁŝůůďĞĐŽŵĞůĞŐĂůůǇŽďůŝŐĂƚĞĚƚŽƉĂǇƌĞƐƵůƚŝŶŐĨƌŽŵĂŶǇ ĂĐƚƵĂůŽƌĂůůĞŐĞĚŶĞŐůŝŐĞŶƚĂĐƚ͕ĞƌƌŽƌ͕ŽƌŽŵŝƐƐŝŽŶƌĞůĂƚĞĚƚŽE'/EZΖƐƉƌŽĨĞƐƐŝŽŶĂůƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐ ŽŶƚƌĂĐƚ͘ E'/EZŵƵƐƚ͗ & ϭ͘/ŶĐůƵĚĞůĞŐĂůĚĞĨĞŶƐĞĨĞĞƐŝŶĂĚĚŝƚŝŽŶƚŽŝƚƐůŝĂďŝůŝƚǇƉŽůŝĐǇůŝŵŝƚƐ͕ǁŝƚŚƚŚĞĞǆĐĞƉƚŝŽŶŽĨWƌŽĨĞƐƐŝŽŶĂů>ŝĂďŝůŝƚǇ/ŶƐƵƌĂŶĐĞ ĂďŽǀĞ͖ĂŶĚ Ϯ͘KďƚĂŝŶŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐĨƌŽŵĂŶŝŶƐƵƌĂŶĐĞĐŽŵƉĂŶǇŚĂǀŝŶŐĂŶΗD^dΗƌĂƚŝŶŐŽĨͲs///ŽƌďĞƚƚĞƌ͘ /dzƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽŝŵŵĞĚŝĂƚĞůǇƌĞƐĐŝŶĚƚŚŝƐŽŶƚƌĂĐƚŝĨE'/EZŝƐŶŽƚŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚƚŚĞŝŶƐƵƌĂŶĐĞ ' ƌĞƋƵŝƌĞŵĞŶƚƐĂŶĚƌĞƚĂŝŶƐĂůůƌŝŐŚƚƐƚŽƉƵƌƐƵĞĂŶǇůĞŐĂůƌĞŵĞĚŝĞƐĂŐĂŝŶƐƚE'/EZ͘hƉŽŶǁƌŝƚƚĞŶƌĞƋƵĞƐƚďǇƚŚĞ/dzΖƐ ƵƚŚŽƌŝǌĞĚŐĞŶƚ͕ĂůůŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐƐŚĂůůďĞŽƉĞŶƚŽŝŶƐƉĞĐƚŝŽŶ͕ĂŶĚĐŽƉŝĞƐŽĨƉŽůŝĐŝĞƐŵĂǇďĞƌĞƋƵĞƐƚĞĚ͘ >/sZ>^dEZ^ $57,&/( /dzǁŝůůŚĂǀĞƚŚĞĂƵƚŚŽƌŝƚǇƚŽĚŝƐĂƉƉƌŽǀĞŽƌƌĞũĞĐƚƐĞƌǀŝĐĞƐŽƌĚĞůŝǀĞƌĂďůĞƐƚŚĂƚĂƌĞĚĞĨĞĐƚŝǀĞ͘E'/EZǁŝůůďĞ $ ƌĞƐƉŽŶƐŝďůĞĨŽƌƚŚĞĂĐĐƵƌĂĐǇŽĨŝƚƐǁŽƌŬƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚĂŶĚŵƵƐƚŵĂŬĞƚŝŵĞůǇƌĞǀŝƐŝŽŶƐŽƌĐŽƌƌĞĐƚŝŽŶƐǁŝƚŚŽƵƚ ĐŽŵƉĞŶƐĂƚŝŽŶƌĞƐƵůƚŝŶŐĨƌŽŵĞƌƌŽƌƐĂŶĚŽŵŝƐƐŝŽŶƐŽŶƚŚĞƉĂƌƚŽĨE'/EZ͘dŚĞƐĞƌǀŝĐĞƐŽƌĚĞůŝǀĞƌĂďůĞƐƉƌŽǀŝĚĞĚƚŽ/dz ďǇE'/EZŵƵƐƚďĞŽĨƐƵĐŚƋƵĂůŝƚǇƚŚĂƚƚŚĞǇĂƌĞƐƵŝƚĂďůĞĨŽƌƚŚĞŝƌŝŶƚĞŶĚĞĚƉƵƌƉŽƐĞ͘ E'/EZ͛ƐƐĞƌǀŝĐĞƐĂŶĚĐŽŵƉĞŶƐĂƚŝŽŶƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŚĂǀĞďĞĞŶĂŐƌĞĞĚƚŽŝŶĂŶƚŝĐŝƉĂƚŝŽŶŽĨƚŚĞŽƌĚĞƌůǇĂŶĚ % ĐŽŶƚŝŶƵŽƵƐƉƌŽŐƌĞƐƐŽĨƚŚĞWƌŽũĞĐƚƚŚŽƵŐŚĐŽŵƉůĞƚŝŽŶ͘hŶůĞƐƐƐƉĞĐŝĨŝĐƉĞƌŝŽĚƐŽĨƚŝŵĞŽƌƐƉĞĐŝĨŝĐĚĂƚĞƐĨŽƌƉƌŽǀŝĚŝŶŐ ƐĞƌǀŝĐĞƐĂƌĞƐƉĞĐŝĨŝĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕E'/EZ͛ƐŽďůŝŐĂƚŝŽŶƚŽƌĞŶĚĞƌƐĞƌǀŝĐĞƐŚĞƌĞƵŶĚĞƌǁŝůůďĞĨŽƌĂƉĞƌŝŽĚǁŚŝĐŚŵĂǇ ƌĞĂƐŽŶĂďůǇďĞƌĞƋƵŝƌĞĨŽƌƚŚĞĐŽŵƉůĞƚŝŽŶŽĨƐĂŝĚƐĞƌǀŝĐĞƐ͘ /ĨŝŶƚŚŝƐŽŶƚƌĂĐƚƐƉĞĐŝĨŝĐƉĞƌŝŽĚƐŽĨƚŝŵĞĨŽƌƌĞŶĚĞƌŝŶŐƐĞƌǀŝĐĞƐĂƌĞƐĞƚĨŽƌƚŚŽƌƐƉĞĐŝĨŝĐĚĂƚĞƐďǇǁŚŝĐŚƐĞƌǀŝĐĞƐĂƌĞƚŽďĞ & ĐŽŵƉůĞƚĞĚĂƌĞƉƌŽǀŝĚĞĚ͕ĂŶĚŝĨƐƵĐŚƉĞƌŝŽĚƐŽĨƚŝŵĞŽƌĚĂƚĞƐĂƌĞĐŚĂŶŐĞĚƚŚƌŽƵŐŚŶŽĨĂƵůƚŽĨE'/EZ͕ƚŚĞƌĂƚĞƐĂŶĚ ĂŵŽƵŶƚƐŽĨĐŽŵƉĞŶƐĂƚŝŽŶƉƌŽǀŝĚĞĚĨŽƌŚĞƌĞŝŶƐŚĂůůďĞƐƵďũĞĐƚƚŽĞƋƵŝƚĂďůĞĂĚũƵƐƚŵĞŶƚ͘/Ĩ/dzŚĂƐƌĞƋƵĞƐƚĞĚĐŚĂŶŐĞƐŝŶ ƚŚĞƐĐŽƉĞ͕ĞǆƚĞŶƚ͕ŽƌĐŚĂƌĂĐƚĞƌŽĨƚŚĞWƌŽũĞĐƚ͖ƚŚĞƚŝŵĞŽĨƉĞƌĨŽƌŵĂŶĐĞŽĨE'/EZ͛ƐƐĞƌǀŝĐĞƐƐŚĂůůďĞĂĚũƵƐƚĞĚĞƋƵŝƚĂďůǇ͘ EĞŝƚŚĞƌƉĂƌƚǇǁŝůůďĞŚĞůĚƌĞƐƉŽŶƐŝďůĞĨŽƌĚĞůĂǇŽƌĨĂŝůƵƌĞƚŽƉĞƌĨŽƌŵǁŚĞŶƐƵĐŚĚĞůĂǇŽƌĨĂŝůƵƌĞŝƐĚƵĞƚŽĂŶǇŽĨƚŚĞ ' ĨŽůůŽǁŝŶŐ͕ƵŶůĞƐƐƚŚĞĂĐƚŽƌŽĐĐƵƌƌĞŶĐĞĐŽƵůĚŚĂǀĞďĞĞŶƌĞĂƐŽŶĂďůǇĨŽƌĞƐĞĞŶĂŶĚƌĞĂƐŽŶĂďůĞĂĐƚŝŽŶĐŽƵůĚŚĂǀĞďĞĞŶ ƚĂŬĞŶƚŽƉƌĞǀĞŶƚƚŚĞĚĞůĂǇŽƌĨĂŝůƵƌĞ͗ĨŝƌĞ͕ĨůŽŽĚ͕ĞƉŝĚĞŵŝĐ͕ƐƚƌŝŬĞƐ͕ǁĂƌƐ͕ĂĐƚƐŽĨ'ŽĚ͕ƵŶƵƐƵĂůůǇƐĞǀĞƌĞǁĞĂƚŚĞƌ͕ŽƌĚĞůĂǇƐ ŽƌĚĞĨĂƵůƚƐĐĂƵƐĞĚďǇƉƵďůŝĐĐĂƌƌŝĞƌƐ͕ƉƌŽǀŝĚĞĚƚŚĞĚĞĨĂƵůƚŝŶŐƉĂƌƚǇŐŝǀĞƐǁƌŝƚƚĞŶŶŽƚŝĐĞĂƐƐŽŽŶĂƐƉŽƐƐŝďůĞƚŽƚŚĞŽƚŚĞƌ ƉĂƌƚǇŽĨŝƚƐŝŶĂďŝůŝƚǇƚŽƉĞƌĨŽƌŵ͘ &ŽƌƉƵƌƉŽƐĞƐŽĨƚŚŝƐŽŶƚƌĂĐƚƚŚĞƚĞƌŵ͞ĚĂǇ͟ŵĞĂŶƐĂĐĂůĞŶĚĂƌĚĂǇŽĨϮϰŚŽƵƌƐ͘ ( Ed/dZh^d $57,&/( $ ƌĞƐƵůƚŝŶŐĨƌŽŵE'/EZΖƐŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚĂĚĚŝƚŝŽŶĂůĐŽŵƉĞŶƐĂƚŝŽŶ͘ĐĐĞƉƚĂŶĐĞŽĨƚŚĞǁŽƌŬ ďǇ/dzǁŝůůŶŽƚƌĞůŝĞǀĞE'/EZŽĨƚŚĞƌĞƐƉŽŶƐŝďŝůŝƚǇĨŽƌƐƵďƐĞƋƵĞŶƚĐŽƌƌĞĐƚŝŽŶŽĨĂŶǇĞƌƌŽƌƐŽƌŽŵŝƐƐŝŽŶƐŽƌĨŽƌ ĐůĂƌŝĨŝĐĂƚŝŽŶŽĨĂŶǇĂŵďŝŐƵŝƚŝĞƐ͘ /ĨŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐĂƌĞŵĂĚĞďǇE'/EZŝŶĂŶǇƉŚĂƐĞŽĨƚŚĞǁŽƌŬ͕ƚŚĞĐŽƌƌĞĐƚŝŽŶŽĨǁŚŝĐŚŵĂǇ % ƌĞƋƵŝƌĞĂĚĚŝƚŝŽŶĂůĨŝĞůĚŽƌŽĨĨŝĐĞǁŽƌŬ͕E'/EZǁŝůůďĞƉƌŽŵƉƚůǇŶŽƚŝĨŝĞĚďǇ/dzĂŶĚǁŝůůďĞƌĞƋƵŝƌĞĚƚŽƉĞƌĨŽƌŵƐƵĐŚ 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ĚĞƚĞƌŵŝŶĞŽŶƚƌĂĐƚŽƌ͛ƐĐŽŵƉůŝĂŶĐĞǁŝƚŚƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶŽĨƚŚĞWƌŽũĞĐƚĐŽŶƐŝƐƚĞŶƚǁŝƚŚŝƚǇĚĞƐŝŐŶƐƉĞĐŝĨŝĐĂƚŝŽŶƐĂŶĚ ĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞĂƉƉƌŽǀĞĚĐŝǀŝůĐŽŶƐƚƌƵĐƚŝŽŶƉůĂŶƐĨŽƌƚŚĞWƌŽũĞĐƚ͘ /dzƌĞĐŽŐŶŝǌĞƐƚŚĂƚE'/EZƉƌŽǀŝĚĞĚƐĞƌǀŝĐĞƐƚŽƚŚĞKǁŶĞƌƵŶĚĞƌĂŝƚǇͲKǁŶĞƌĐŽŶƚƌĂĐƚĂƵƚŚŽƌŝǌŝŶŐƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶ ( ŽĨƚŚĞƉƵďůŝĐĨĂĐŝůŝƚŝĞƐĨŽƌǁŚŝĐŚĐŽŶƐƚƌƵĐƚŝŽŶŝŶƐƉĞĐƚŝŽŶĂŶĚŽďƐĞƌǀĂƚŝŽŶƐĞƌǀŝĐĞƐĂƌĞďĞŝŶŐƌĞƋƵĞƐƚĞĚ͘/dzǁĂŝǀĞƐĂŶǇ ĂŶĚĂůůĐŽŶĨůŝĐƚŽĨŝŶƚĞƌĞƐƚƌŝŐŚƚƐĂŐĂŝŶƐƚE'/EZƌĞůĂƚŝǀĞƚŽƚŚŝƐĂƌƌĂŶŐĞŵĞŶƚ͘ 'KsZE/E'>t͕:hZ/^/d/KE͕EsEh $57,&/( dŚŝƐŽŶƚƌĂĐƚƐŚĂůůďĞŐŽǀĞƌŶĞĚďǇĂŶĚĐŽŶƐƚƌƵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞůĂǁƐŽĨƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂ͘sĞŶƵĞĨŽƌĂůůůĞŐĂů $ ƉƌŽĐĞĞĚŝŶŐƐĂƌŝƐŝŶŐŽƵƚŽĨƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞŝŶƚŚĞĂƉƉůŝĐĂďůĞƐƚĂƚĞŽƌĨĞĚĞƌĂůĐŽƵƌƚǁŝƚŚĐŽŵƉĞƚĞŶƚũƵƌŝƐĚŝĐƚŝŽŶŝŶ KůŵƐƚĞĚŽƵŶƚǇĂŶĚDŝŶŶĞƐŽƚĂƌĞƐƉĞĐƚŝǀĞůǇ͘ dZD^K&'EZ>KE/d/KE^ $57,&/( ŶǇĂŶĚĂůůƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞƐĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐǁŝůůƌĞŵĂŝŶŝŶĨŽƌĐĞƵŶůĞƐƐƚŚĞǇĂƌĞƐƉĞĐŝĨŝĐĂůůǇĂŶĚĚĞůŝďĞƌĂƚĞůǇ $ ĐĂŶĐĞůĞĚŽƌŵŽĚŝĨŝĞĚďǇƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ dŽƚŚĞĞǆƚĞŶƚŽĨĂŶǇŝŶĐŽŶƐŝƐƚĞŶĐŝĞƐďĞƚǁĞĞŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐĂŶĚƚŚĞƐĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐ͕ƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ % ǁŝůůĐŽŶƚƌŽů͘DŝŶŶĞƐŽƚĂ>ĂǁƐƵƉĞƌƐĞĚĞƐĂŶǇŽĨƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽƌ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐƐĞƚĨŽƌƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͘ dZD^K&WzDEd $57,&/( ^ƵďũĞĐƚƚŽƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ĂůůƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚĂŶĚĚĞůŝǀĞƌĂďůĞƐƐĂƚŝƐĨĂĐƚŽƌŝůǇƐƵƉƉůŝĞĚďǇ $ E'/EZƉƵƌƐƵĂŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞƉĂŝĚďǇ/dz͘ŽŵƉĞŶƐĂƚŝŽŶǁŝůůďĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ Zd/>ϯ͕͞ŽŶƐŝĚĞƌĂƚŝŽŶŽĨWĂǇŵĞŶƚ͘͟ /ĨŝƚĂƉƉĞĂƌƐĂƚĂŶǇƚŝŵĞƚŚĂƚE'/EZǁŝůůĞǆĐĞĞĚƚŚĞdŽƚĂůŽŶƚƌĂĐƚŵŽƵŶƚƐƚĂƚĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐ % ŽŶƚƌĂĐƚ͕E'/EZŵƵƐƚŶŽƚŝĨǇ/dz͛ƐƵƚŚŽƌŝǌĞĚŐĞŶƚŝŶǁƌŝƚŝŶŐŝŶĂƚŝŵĞůǇŵĂŶŶĞƌ͘E'/EZŵĂǇŶŽƚďĞ ĐŽŵƉĞŶƐĂƚĞĚĨŽƌǁŽƌŬƉĞƌĨŽƌŵĞĚŝŶĞǆĐĞƐƐŽĨƚŚĞdŽƚĂůŽŶƚƌĂĐƚŵŽƵŶƚǁŝƚŚŽƵƚĂǁƌŝƚƚĞŶ͕ĂŶĚĨƵůůǇĞǆĞĐƵƚĞĚ͕ ĂŵĞŶĚŵĞŶƚƚŽƚŚĞŽŶƚƌĂĐƚ͘ŶǇǁŽƌŬƉĞƌĨŽƌŵĞĚďĞǇŽŶĚƚŚĂƚŝĚĞŶƚŝĨŝĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚǁŝƚŚŽƵƚĂƉƌŝŽƌǁƌŝƚƚĞŶ ĂŵĞŶĚŵĞŶƚƐŝŐŶĞĚďǇ/dzŵĂǇďĞĚĞĞŵĞĚǀŽůƵŶƚĂƌǇĂŶĚE'/EZŵĂǇŶŽƚďĞĞŶƚŝƚůĞĚƚŽĐŽŵƉĞŶƐĂƚŝŽŶĨŽƌƚŚĞĞǆƚƌĂ ǁŽƌŬ͘ /ĨE'/EZĐůĂŝŵƐĂŶǇŝŶƐƚƌƵĐƚŝŽŶƐ͕ůĂƚĞŶƚĐŽŶĚŝƚŝŽŶƐ͕ŽƌŽƚŚĞƌĐŽŶĚŝƚŝŽŶƐĞǆŝƐƚƚŚĂƚƌĞƋƵŝƌĞĞǆƚƌĂĐŽƐƚƵŶĚĞƌƚŚŝƐ & ŽŶƚƌĂĐƚ͕E'/EZŵƵƐƚŵĂŬĞĐůĂŝŵĨŽƌĂŶǇĞǆƚƌĂĐŽƐƚŝŶĐƵƌƌĞĚŝŶǁƌŝƚŝŶŐǁŝƚŚŝŶϮϬĂůĞŶĚĂƌĚĂǇƐĂĨƚĞƌƐƵĐŚŝŶƐƚƌƵĐƚŝŽŶ ŽƌŽďƐĞƌǀĂŶĐĞŽĨĐŽŶĚŝƚŝŽŶƐ͘>ĂƚĞŶƚĐŽŶĚŝƚŝŽŶƐĂƌĞĐŽŶĚŝƚŝŽŶƐŶŽƚĂŶƚŝĐŝƉĂƚĞĚďǇƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ ŶǇĐůĂŝŵŵĂĚĞĂĨƚĞƌƚŚŝƐƚŝŵĞŵĂǇďĞƌĞĨƵƐĞĚĂŶĚŶŽĐůĂŝŵǁŝůůďĞǀĂůŝĚƵŶůĞƐƐƐŽŵĂĚĞ͘ŶǇǁŽƌŬƉĞƌĨŽƌŵĞĚƵŶĚĞƌĂŶ ĂŵĞŶĚŵĞŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚƚŚĂƚŚĂƐŶŽƚďĞĞŶƉƌŽƉĞƌůǇĂƉƉƌŽǀĞĚĂŶĚĞǆĞĐƵƚĞĚďǇƚŚĞƉĂƌƚŝĞƐǁŝůůďĞƉĞƌĨŽƌŵĞĚĂƚ E'/EZΖƐŽǁŶƌŝƐŬ͘ ZĞŝŵďƵƌƐĞŵĞŶƚĨŽƌƚƌĂǀĞůĂŶĚƐƵďƐŝƐƚĞŶĐĞĞǆƉĞŶƐĞƐĂĐƚƵĂůůǇĂŶĚŶĞĐĞƐƐĂƌŝůǇŝŶĐƵƌƌĞĚďǇE'/EZĂƐĂƌĞƐƵůƚŽĨ ' ƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚŶŽƚĞǆĐĞĞĚƚŚĞĂŵŽƵŶƚĚĞĨŝŶĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͘E'/EZŵĂǇďĞ ƌĞŝŵďƵƌƐĞĚĨŽƌƚƌĂǀĞůĂŶĚƐƵďƐŝƐƚĞŶĐĞĞǆƉĞŶƐĞƐŝŶƚŚĞƐĂŵĞŵĂŶŶĞƌĂŶĚŝŶŶŽŐƌĞĂƚĞƌĂŵŽƵŶƚƚŚĂŶƉƌŽǀŝĚĞĚŝŶƚŚĞ ĐƵƌƌĞŶƚΗDŶͬKddƌĂǀĞůZĞŐƵůĂƚŝŽŶƐΗ͕ĂŶĚŝĚĞŶƚŝĨŝĞĚŝŶ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ƌƚŝĐůĞϯ͘ WZKhZ&KZWzDEd $57,&/( WĂǇŵĞŶƚƐǁŝůůďĞŵĂĚĞďǇ/dzǁŝƚŚŝŶϯϬĚĂǇƐŽĨE'/EZ͛ƐƉƌĞƐĞŶƚĂƚŝŽŶŽĨƉƌŽƉĞƌůǇƉƌĞƉĂƌĞĚŝŶǀŽŝĐĞƐĂŶĚƉƌŽŐƌĞƐƐ $ ƌĞƉŽƌƚƐĨŽƌƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚ͘/dzƐŚĂůůŶŽƚŝĨǇE'/EZŝŶǁƌŝƚŝŶŐǁŝƚŚŝŶϯϬĚĂǇƐŽĨ E'/EZ͛ƐƉƌĞƐĞŶƚĂƚŝŽŶŽĨŝŶǀŽŝĐĞƐŝĨƚŚĞǇďĞůŝĞǀĞƚŚĞƉƌŽŐƌĞƐƐƌĞƉŽƌƚƐǁĞƌĞŶŽƚƉƌŽƉĞƌůǇƉƌĞƉĂƌĞĚŽƌƚŚĞƐĞƌǀŝĐĞƐǁĞƌĞ ŶŽƚƉƌŽƉĞƌůǇƉĞƌĨŽƌŵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞŽŶƚƌĂĐƚ͘ /ŶǀŽŝĐĞƐĨŽƌƉĂǇŵĞŶƚŵƵƐƚďĞƐƵďŵŝƚƚĞĚďǇE'/EZŵŽŶƚŚůǇƚŽƚŚĞ/dzΖƐƵƚŚŽƌŝǌĞĚŐĞŶƚŝŶƚŚĞĨŽƌŵƉƌĞƐĐƌŝďĞĚďǇ % /dz͘/ŶǀŽŝĐĞƐƐŚŽƵůĚŝĚĞŶƚŝĨǇƚŚĞƉƌŽũĞĐƚĂŶĚƚŚĞĐŽƐƚĨŽƌƚŚĞƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚĂŶĚĚĞůŝǀĞƌĞĚĨŽƌƚŚĞďŝůůŝŶŐƉĞƌŝŽĚĂŶĚ ŵƵƐƚƐĂƚŝƐĨǇƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐůŝƐƚĞĚďĞůŽǁ͗ ϭ͘ĂĐŚŝŶǀŽŝĐĞŵƵƐƚĐŽŶƚĂŝŶƚŚĞĨŽůůŽǁŝŶŐŝŶĨŽƌŵĂƚŝŽŶ͗/dzĐŽŶƚƌĂĐƚŝŶǀŽŝĐĞŶƵŵďĞƌ;ƐĞƋƵĞŶƚŝĂůůǇŶƵŵďĞƌĞĚͿ͕ďŝůůŝŶŐ ĂĚĚƌĞƐƐŝĨĚŝĨĨĞƌĞŶƚĨƌŽŵďƵƐŝŶĞƐƐĂĚĚƌĞƐƐ͕ĂŶĚE'/EZΖƐŽƌŝŐŝŶĂůƐŝŐŶĂƚƵƌĞĂƚƚĞƐƚŝŶŐƚŚĂƚƚŚĞŝŶǀŽŝĐĞĚƐĞƌǀŝĐĞƐĂŶĚ ĐŽƐƚƐĂƌĞŶĞǁĂŶĚƚŚĂƚŶŽƉƌĞǀŝŽƵƐĐŚĂƌŐĞĨŽƌƚŚŽƐĞƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐŚĂƐďĞĞŶŝŶĐůƵĚĞĚŝŶĂŶǇƉƌŝŽƌŝŶǀŽŝĐĞ͘ Ϯ͘dŚĞŽƌŝŐŝŶĂůŽĨĞĂĐŚŝŶǀŽŝĐĞĂŶĚƉƌŽŐƌĞƐƐƌĞƉŽƌƚŵƵƐƚďĞƐĞŶƚƚŽƚŚĞ/dzΖƐƵƚŚŽƌŝǌĞĚŐĞŶƚĨŽƌƌĞǀŝĞǁĂŶĚƉĂǇŵĞŶƚ͘ ϯ͘ŝƌĞĐƚŶŽŶͲƐĂůĂƌǇĐŽƐƚƐĂůůŽĐĂďůĞƚŽƚŚĞǁŽƌŬƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ĂŶĚĚĞĨŝŶĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐ ŽŶƚƌĂĐƚ͕ŵƵƐƚďĞŝƚĞŵŝǌĞĚĂŶĚƐƵƉƉŽƌƚĞĚǁŝƚŚŝŶǀŽŝĐĞƐŽƌďŝůůŝŶŐĚŽĐƵŵĞŶƚƐƚŽƐŚŽǁƚŚĂƚƐƵĐŚĐŽƐƚƐĂƌĞƉƌŽƉĞƌůǇ ĂůůŽĐĂďůĞƚŽƚŚĞǁŽƌŬ͘ŝƌĞĐƚŶŽŶͲƐĂůĂƌǇĐŽƐƚƐĂƌĞĂŶǇĐŽƐƚƐƚŚĂƚĂƌĞŶŽƚƚŚĞƐĂůĂƌŝĞĚĐŽƐƚƐĚŝƌĞĐƚůǇƌĞůĂƚĞĚƚŽƚŚĞǁŽƌŬ ŽĨƚŚĞE'/EZ͘^ƵƉƉŽƌƚŝŶŐĚŽĐƵŵĞŶƚĂƚŝŽŶŵƵƐƚďĞƉƌŽǀŝĚĞĚŝŶĂŵĂŶŶĞƌƚŚĂƚĐŽƌƌĞƐƉŽŶĚƐƚŽĞĂĐŚĚŝƌĞĐƚĐŽƐƚ͘ ϰ͘E'/EZŵƵƐƚƉƌŽǀŝĚĞ͕ƵƉŽŶƌĞƋƵĞƐƚŽĨƚŚĞ/dzΖƐƵƚŚŽƌŝǌĞĚŐĞŶƚ͕ƚŚĞĨŽůůŽǁŝŶŐƐƵƉƉŽƌƚŝŶŐĚŽĐƵŵĞŶƚĂƚŝŽŶ͗ ŝƌĞĐƚƐĂůĂƌǇĐŽƐƚƐŽĨĞŵƉůŽǇĞĞƐΖƚŝŵĞĚŝƌĞĐƚůǇĐŚĂƌŐĞĂďůĞĨŽƌƚŚĞƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘ D dŚŝƐŵƵƐƚŝŶĐůƵĚĞĂƉĂǇƌŽůůĐŽƐƚďƌĞĂŬĚŽǁŶŝĚĞŶƚŝĨǇŝŶŐƚŚĞŶĂŵĞŽĨƚŚĞĞŵƉůŽǇĞĞ͕ĐůĂƐƐŝĨŝĐĂƚŝŽŶ͕ĂĐƚƵĂůƌĂƚĞŽĨƉĂǇ͕ ŚŽƵƌƐǁŽƌŬĞĚ͕ĂŶĚƚŽƚĂůƉĂǇŵĞŶƚĨŽƌĞĂĐŚŝŶǀŽŝĐĞƉĞƌŝŽĚ͖ĂŶĚ ^ŝŐŶĞĚƚŝŵĞƐŚĞĞƚƐŽƌƉĂǇƌŽůůĐŽƐƚďƌĞĂŬĚŽǁŶĨŽƌĞĂĐŚĞŵƉůŽǇĞĞůŝƐƚŝŶŐĚĂƚĞƐĂŶĚŚŽƵƌƐǁŽƌŬĞĚ͘ŽŵƉƵƚĞƌ E ŐĞŶĞƌĂƚĞĚƉƌŝŶƚŽƵƚƐŽĨůĂďŽƌĐŽƐƚƐĨŽƌƚŚĞƉƌŽũĞĐƚŵƵƐƚĐŽŶƚĂŝŶƚŚĞƉƌŽũĞĐƚŶƵŵďĞƌ͕ĞĂĐŚĞŵƉůŽǇĞĞΖƐŶĂŵĞ͕ŚŽƵƌůǇ ƌĂƚĞ͕ƌĞŐƵůĂƌĂŶĚŽǀĞƌƚŝŵĞŚŽƵƌƐ͕ĂŶĚƚŚĞĚŽůůĂƌĂŵŽƵŶƚĐŚĂƌŐĞĚƚŽƚŚĞƉƌŽũĞĐƚĨŽƌĞĂĐŚƉĂǇƉĞƌŝŽĚ͘ ϱ͘E'/EZŵƵƐƚƉƌŽǀŝĚĞĂĐŽƉǇŽĨƚŚĞŝŶǀŽŝĐĞƚŚĞǇĨŽƌǁĂƌĚĞĚƚŽƚŚĞĐŝƚǇƚŽƚŚĞĚĞǀĞůŽƉĞƌĨŽƌŝŶĨŽƌŵĂƚŝŽŶĂůƉƵƌƉŽƐĞƐ͘ dŚŝƐĚŽĐƵŵĞŶƚƐŚŽƵůĚďĞĐůĞĂƌĞĚƐƚĂƚĞĚƚŚĂƚŝƚ͛ƐĨŽƌŝŶĨŽƌŵĂƚŝŽŶĂůƉƵƌƉŽƐĞƐŽŶůǇ͘ /ĨE'/EZŝƐĂƵƚŚŽƌŝǌĞĚďǇ/dzƚŽƵƐĞŽƌƵƐĞƐĂŶǇƐƵďĐŽŶƐƵůƚĂŶƚƐ͕E'/EZŵƵƐƚŝŶĐůƵĚĞĂůůƚŚĞĂďŽǀĞƐƵƉƉŽƌƚŝŶŐ & ĚŽĐƵŵĞŶƚĂƚŝŽŶŝŶĂŶǇƐƵďĐŽŶƐƵůƚĂŶƚ͛ƐŽŶƚƌĂĐƚ͕ĂŶĚE'/EZŵƵƐƚĐŽŵƉůǇǁŝƚŚDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐ^ĞĐƚŝŽŶϭϲ͘ϭϮϰϱ͕ ƌĞƋƵŝƌŝŶŐƚŝŵĞůǇƉĂǇŵĞŶƚďǇE'/EZŽĨƐƵďĐŽŶƐƵůƚĂŶƚ͛Ɛ͕ƉĞŶĂůƚŝĞƐĨŽƌůĂƚĞƉĂǇŵĞŶƚƐ͕ĂŶĚĚĞĨŝŶŝŶŐĐŽƐƚƐƚŚĞƐƵď ĐŽŶƐƵůƚĂŶƚŵƵƐƚďĞĂǁĂƌĚĞĚŝĨƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚƉƌĞǀĂŝůƐŝŶĂůĂǁƐƵŝƚ͘ E'/EZŵƵƐƚƌĞƋƵŝƌĞƐƵďĐŽŶƐƵůƚĂŶƚ͛ƐŝŶǀŽŝĐĞƐƚŽĨŽůůŽǁƚŚĞƐĂŵĞĨŽƌŵĂŶĚĐŽŶƚĂŝŶƚŚĞƐĂŵĞŝŶĨŽƌŵĂƚŝŽŶĂƐƐĞƚ ' ĨŽƌƚŚĂďŽǀĞ͘ KE/d/KE^K&WzDEd $57,&/( &ŽƌĂůůƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐƉƌŽǀŝĚĞĚďǇE'/EZƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ƚŚĞŶŐŝŶĞĞƌƐŚĂůůŵĂŝŶƚĂŝŶŝƚƐĞƚŚŝĐĂůĂŶĚ $ ůĞŐĂůĚƵƚǇŽĨĂƉƌŽĨĞƐƐŝŽŶĂůƚŽĞǆĞƌĐŝƐĞƚŚĞůĞǀĞůŽĨĐĂƌĞ͕ĚŝůŝŐĞŶĐĞ͕ĂŶĚƐŬŝůůƉƌĞƐĐƌŝďĞĚŝŶƚŚĞĐŽĚĞŽĨƉƌĂĐƚŝĐĞŽĨŚŝƐŽƌŚĞƌ ƉƌŽĨĞƐƐŝŽŶ͕ŽƌĂƐŽƚŚĞƌƉƌŽĨĞƐƐŝŽŶĂůƐŝŶƚŚĞƐĂŵĞĚŝƐĐŝƉůŝŶĞǁŽƵůĚŝŶƚŚĞƐĂŵĞŽƌƐŝŵŝůĂƌĐŝƌĐƵŵƐƚĂŶĐĞƐ͘dŚĞE'/EZ ƐŚĂůůĐŽŵƉůǇǁŝƚŚƚŚĞĨŽůůŽǁŝŶŐ͗ ϭ͘ůůĐƵƌƌĞŶƚĂƉƉůŝĐĂďůĞĨĞĚĞƌĂů͕ƐƚĂƚĞ͕ĂŶĚůŽĐĂůůĂǁƐ͕ŽƌĚŝŶĂŶĐĞƐ͕ƌƵůĞƐ͕ĂŶĚƌĞŐƵůĂƚŝŽŶƐ͘ Ϯ͘ůůĐƵƌƌĞŶƚƐƚĂƚĞƐƚĂŶĚĂƌĚƐ͕ƉŽůŝĐŝĞƐ͕ĂŶĚƉƌĂĐƚŝĐĞƐƌĞƋƵŝƌĞĚďǇĂƉƉůŝĐĂďůĞůĂǁƚŽƉĞƌĨŽƌŵE'/EZ͛ƐƐĞƌǀŝĐĞƐ͘ E'/EZǁŝůůŶŽƚƌĞĐĞŝǀĞƉĂǇŵĞŶƚĨŽƌǁŽƌŬƉĞƌĨŽƌŵĞĚŝŶǀŝŽůĂƚŝŽŶŽĨĨĞĚĞƌĂů͕ƐƚĂƚĞ͕ŽƌůŽĐĂůůĂǁƐ͕ŽƌĚŝŶĂŶĐĞƐ͕ƌƵůĞƐ͕Žƌ % ƌĞŐƵůĂƚŝŽŶƐ͘ ůůĚĞůŝǀĞƌĂďůĞƐĐŽǀĞƌĞĚďǇƉƌŽŐƌĞƐƐƉĂǇŵĞŶƚƐŵĂĚĞďǇ/dzǁŝůůďĞĐŽŵĞƚŚĞƐŽůĞƉƌŽƉĞƌƚǇŽĨ/dz͘dŚŝƐƉƌŽǀŝƐŝŽŶŵƵƐƚ & ŶŽƚďĞĐŽŶƐƚƌƵĞĚĂƐƌĞůŝĞǀŝŶŐE'/EZĨƌŽŵƐŽůĞƌĞƐƉŽŶƐŝďŝůŝƚǇĨŽƌƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐƵƉŽŶǁŚŝĐŚƉĂǇŵĞŶƚƐŚĂǀĞ ďĞĞŶŵĂĚĞŽƌƚŚĞƌĞƐƚŽƌĂƚŝŽŶŽĨĂŶǇĚĂŵĂŐĞĚǁŽƌŬŽƌĂƐǁĂŝǀŝŶŐƚŚĞƌŝŐŚƚŽĨ/dzƚŽƌĞƋƵŝƌĞƚŚĞĨƵůĨŝůůŵĞŶƚŽĨĂůůŽĨƚŚĞ ƚĞƌŵƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘/ĨƚŚĞ/dzƵƐĞƐƚŚĞE'/EZ͛ƐĚĞůŝǀĞƌĂďůĞƐŝŶĂŵĂŶŶĞƌďĞǇŽŶĚƚŚĞƐĐŽƉĞŽĨƚŚŝƐĐŽŶƚƌĂĐƚ͕ŝƚ ƐŚĂůůŝŶĚĞŵŶŝĨǇE'/EZĨŽƌĐůĂŝŵƐƌĞƐƵůƚŝŶŐĨƌŽŵƚŚŝƐƌĞƵƐĞ͘dŚĞ/dzŐƌĂŶƚƐE'/EZĂŶŽŶͲĞǆĐůƵƐŝǀĞůŝĐĞŶƐĞ͕ƚŽƚŚĞ ĞǆƚĞŶƚŽĨƚŚĞ/dz͛ƐƌŝŐŚƚƐŝŶƐƵĐŚĚĂƚĂ͕ƚŽƵƐĞƚŚĞE'/EZĂƚĂĨŽƌŽƚŚĞƌƉƵƌƉŽƐĞƐ͘ EŽƚŚŝŶŐŝŶƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚďĞĐŽŶƐƚƌƵĞĚŝŶĂŶǇǁĂǇƚŽƌĞůŝĞǀĞE'/EZĨƌŽŵŝƚƐŽďůŝŐĂƚŝŽŶƚŽĐŽŵƉůĞƚĞƚŚĞƐĞƌǀŝĐĞƐ ' ĂŶĚͬŽƌĚĞůŝǀĞƌĂďůĞƐĚĞƐĐƌŝďĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚĨŽƌĂƐƵŵŶŽƚƚŽĞǆĐĞĞĚƚŚĂƚŝƐƐĞƚĨŽƌƚŚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͘ E'/EZŝƐŶŽƚĂƵƚŚŽƌŝǌĞĚƚŽĚŝƌĞĐƚƚŚĞǁŽƌŬŽĨŽŶƚƌĂĐƚŽƌ͕ƵŶůĞƐƐŝƚǇŝƐŐŝǀĞŶƐƵĐŚĂƵƚŚŽƌŝƚǇ͕ŝŶǁƌŝƚŝŶŐ͕ďǇKǁŶĞƌ͘ ( E'/EZĐŽŵŵƵŶŝĐĂƚŝŽŶƐŚĂůůďĞĚŝƌĞĐƚůǇǁŝƚŚKǁŶĞƌ͛ƐƌĞƉƌĞƐĞŶƚĂƚŝǀĞ;ŽŶƐƚƌƵĐƚŝŽŶĨŽƌĞŵĞŶŽƌƐƵƉĞƌŝŶƚĞŶĚĞŶƚŽƌ ŽƚŚĞƌŵĞŵďĞƌŝĚĞŶƚŝĨŝĞĚĂƐWƌŽũĞĐƚDĂŶĂŐĞƌͿ͕ĂŶĚƚŽŝƚǇŶŐŝŶĞĞƌŽƌŚŝƐĚĞƐŝŐŶĞĞ͘ ^^/'EDEd $57,&/(ŝƐ ŽŶƚƌĂĐƚ͘ ĐŽƉǇŽĨĂŶǇĂŶĚĂůůƐƵďĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚƐŵƵƐƚďĞƐĞŶƚƚŽƚŚĞ/dz͛ƐƵƚŚŽƌŝǌĞĚŐĞŶƚĂĨƚĞƌĞǆĞĐƵƚŝŽŶŽĨƚŚĞƐƵď % ĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚĂŶĚƉƌŝŽƌƚŽǁŽƌŬƐƚĂƌƚŝŶŐƵŶĚĞƌƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚ͘ DEDEd^͕,E'KZZ^͕DZ'Z͕KhEdZWZd^͕Et/sZ $57,&/( ŵĞŶĚŵĞŶƚƐƚŽƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞĐŽŶƐŝĚĞƌĞĚŽŶůǇĨŽƌƵŶĨŽƌĞƐĞĞŶǁŽƌŬŽƌƐĞƌǀŝĐĞƐƚŚĂƚǁĞƌĞĞǆĐůƵĚĞĚŝŶƚŚĞ^ĐŽƉĞŽĨ $ tŽƌŬ͕ĞŶƚŝƚůĞĚ͞ĞƚĂŝůĞĚ^ĐŽƉĞŽĨtŽƌŬ͕͟ĂŶĚƚŚĂƚĂƌĞĐŽŶƐŝĚĞƌĞĚĞƐƐĞŶƚŝĂůƚŽƚŚĞǁŽƌŬ͘ŶǇǁƌŝƚƚĞŶĐůĂŝŵŵĂĚĞďǇ E'/EZĨŽƌĞǆƚƌĂǁŽƌŬŽƌĐŽƐƚƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚƚŚĂƚŚĂƐďĞĞŶĂƉƉƌŽǀĞĚďǇƚŚĞ/dzΖƐƵƚŚŽƌŝǌĞĚŐĞŶƚŵƵƐƚďĞ ĞǀŝĚĞŶĐĞĚďǇĂŶĂŵĞŶĚŵĞŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚ͘ŵĞŶĚŵĞŶƚƐŵƵƐƚďĞŝŶǁƌŝƚŝŶŐĂŶĚĞǆĞĐƵƚĞĚĂŶĚĂƉƉƌŽǀĞĚďǇƚŚĞƐĂŵĞ ƉĂƌƚŝĞƐĂŶĚŽĨĨŝĐŝĂůƐǁŚŽĞǆĞĐƵƚĞĚĂŶĚĂƉƉƌŽǀĞĚƚŚĞŽƌŝŐŝŶĂůŽŶƚƌĂĐƚ͕ŽƌƚŚĞŝƌƐƵĐĐĞƐƐŽƌƐŝŶŽĨĨŝĐĞ͘E'/EZŵƵƐƚŶŽƚŝĨǇ /dz͛ƐWƌŽũĞĐƚDĂŶĂŐĞƌŝŶǁƌŝƚŝŶŐŝĨE'/EZǁŝůůďĞĚĞůĂǇĞĚŝŶĂŶǇǁĂǇĨƌŽŵĐŽŵƉůĞƚŝŶŐƚŚĞƉƌŽũĞĐƚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘ dŚĞǁŽƌŬƚŽďĞĚŽŶĞŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚŵĂǇďĞĐŚĂŶŐĞĚĂƚƚŚĞƌĞƋƵĞƐƚŽĨ/dz͕ǁŝƚŚƚŚĞŵƵƚƵĂůĐŽŶĐƵƌƌĞŶĐĞ % ŽĨE'/EZ͘ŶǇĐŚĂŶŐĞǁŝůůďĞĐůĞĂƌůǇĂŶĚĨƵůůǇĚĞĨŝŶĞĚŝŶǁƌŝƚŝŶŐ͕ĂŶĚĂƉƉƌŽǀĞĚďǇďŽƚŚƉĂƌƚŝĞƐ͘ŚĂŶŐĞŽƌĚĞƌƐŵƵƐƚ ďĞĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞďĂƐŝĐƉƵƌƉŽƐĞŽĨƚŚŝƐŽŶƚƌĂĐƚĂŶĚǁŝƚŚŝŶƚŚĞŐĞŶĞƌĂů^ĐŽƉĞŽĨ^ĞƌǀŝĐĞƐŝĚĞŶƚŝĨŝĞĚŝŶƚŚĞ^ƉĞĐŝĂů ŽŶĚŝƚŝŽŶƐ͘ dŚŝƐŽŶƚƌĂĐƚĐŽŶƐƚŝƚƵƚĞƐƚŚĞĞŶƚŝƌĞĂŐƌĞĞŵĞŶƚďĞƚǁĞĞŶƚŚĞƉĂƌƚŝĞƐ͘EŽǁĂŝǀĞƌ͕ĐŽŶƐĞŶƚ͕ŵŽĚŝĨŝĐĂƚŝŽŶŽƌĐŚĂŶŐĞŽĨƚĞƌŵƐ & ŽĨƚŚŝƐŽŶƚƌĂĐƚƐŚĂůůďŝŶĚĞŝƚŚĞƌƉĂƌƚǇƵŶůĞƐƐŝŶǁƌŝƚŝŶŐĂŶĚƐŝŐŶĞĚďǇďŽƚŚƉĂƌƚŝĞƐ͘^ƵĐŚǁĂŝǀĞƌ͕ĐŽŶƐĞŶƚ͕ŵŽĚŝĨŝĐĂƚŝŽŶŽƌ ĐŚĂŶŐĞ͕ŝĨŵĂĚĞ͕ƐŚĂůůďĞĞĨĨĞĐƚŝǀĞŽŶůǇŝŶƚŚĞƐƉĞĐŝĨŝĐŝŶƐƚĂŶĐĞĂŶĚĨŽƌƚŚĞƐƉĞĐŝĨŝĐƉƵƌƉŽƐĞŐŝǀĞŶ͘dŚĞƌĞĂƌĞŶŽ ƵŶĚĞƌƐƚĂŶĚŝŶŐƐ͕ĂŐƌĞĞŵĞŶƚƐŽƌƌĞƉƌĞƐĞŶƚĂƚŝŽŶƐ͕ŽƌĂůŽƌǁƌŝƚƚĞŶ͕ŶŽƚƐƉĞĐŝĨŝĞĚŚĞƌĞŝŶƌĞŐĂƌĚŝŶŐƚŚŝƐŽŶƚƌĂĐƚ͘E'/EZ͕ ďǇƚŚĞƐŝŐŶĂƚƵƌĞďĞůŽǁŽĨŝƚƐĂƵƚŚŽƌŝǌĞĚƌĞƉƌĞƐĞŶƚĂƚŝǀĞ͕ŚĞƌĞďǇĂĐŬŶŽǁůĞĚŐĞƐƚŚĂƚƚŚĞE'/EZŚĂƐƌĞĂĚƚŚŝƐŽŶƚƌĂĐƚ͕ ƵŶĚĞƌƐƚĂŶĚƐŝƚĂŶĚĂŐƌĞĞƐƚŽďĞďŽƵŶĚďǇŝƚƐƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐ͘ dŚŝƐŽŶƚƌĂĐƚŵĂǇďĞĞǆĞĐƵƚĞĚŝŶŽŶĞŽƌŵŽƌĞĐŽƵŶƚĞƌƉĂƌƚƐ͕ĞĂĐŚŽĨǁŚŝĐŚƐŚĂůůďĞĚĞĞŵĞĚƚŽďĞĂŶŽƌŝŐŝŶĂů͕ďƵƚĂůůŽĨ ' ǁŚŝĐŚƚŽŐĞƚŚĞƌƐŚĂůůĐŽŶƐƚŝƚƵƚĞƚŚĞƐĂŵĞŽŶƚƌĂĐƚ͘ KDW>/Et/d,>/E^^͕WZD/d^͕EKd,ZZ'h>d/KE^ $57,&/( E'/EZƐŚĂůůƉƌŽĐƵƌĞĂůůůŝĐĞŶƐĞƐ͕ĐĞƌƚŝĨŝĐĂƚŝŽŶƐ͕ĞĚƵĐĂƚŝŽŶ͕ƉĞƌŵŝƚƐ͕ŽƌŽƚŚĞƌƌŝŐŚƚƐŶĞĐĞƐƐĂƌǇƚŽĨƵůĨŝůůŝƚƐŽďůŝŐĂƚŝŽŶƐ $ ƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚĂůůĂƉƉůŝĐĂďůĞĨĞĚĞƌĂůĂŶĚƐƚĂƚĞůĂǁƐ͘ dWZd/^E/Ed>>dh>WZKWZdz $57,&/( dŚĞDŝŶŶĞƐŽƚĂ'ŽǀĞƌŶŵĞŶƚĂƚĂWƌĂĐƚŝĐĞƐĐƚ͕DŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐŚĂƉƚĞƌϭϯ͕ĂƉƉůŝĞƐƚŽĂůůĚĂƚĂĐƌĞĂƚĞĚ͕ŐĂƚŚĞƌĞĚ͕ $ ŐĞŶĞƌĂƚĞĚ͕ŽƌĂĐƋƵŝƌĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚ͘ ŶǇƌĞƉŽƌƚƐ͕ƐƚƵĚŝĞƐ͕ƉŚŽƚŽŐƌĂƉŚƐ͕ŶĞŐĂƚŝǀĞƐ͕ŽƌŽƚŚĞƌĚŽĐƵŵĞŶƚƐĐƌĞĂƚĞĚĂŶĚƉĂŝĚĨŽƌďǇE'/EZŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞ % ŽĨŝƚƐŽďůŝŐĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚĂƌĞŝŶƐƚƌƵŵĞŶƚƐŽĨƐĞƌǀŝĐĞŝŶƌĞƐƉĞĐƚƚŽE'/EZ͛ƐƐĞƌǀŝĐĞƐĂŶĚĂƌĞƚŚĞĞǆĐůƵƐŝǀĞ ƉƌŽƉĞƌƚǇŽĨ/dz͘E'/EZŵƵƐƚƌĞŵŝƚĂůůƐƵĐŚŵĂƚĞƌŝĂůƐƚŽ/dzƵƉŽŶĐŽŵƉůĞƚŝŽŶŽƌĐĂŶĐĞůůĂƚŝŽŶŽĨƚŚŝƐŽŶƚƌĂĐƚ͘dŚĞ /dzǁŝůůŝŶĚĞŵŶŝĨǇE'/EZĨŽƌĐůĂŝŵƐƌĞƐƵůƚŝŶŐĨƌŽŵĂŶǇƌĞƵƐĞŽĨƐƵĐŚŵĂƚĞƌŝĂůƐďĞǇŽŶĚƚŚĞƐĐŽƉĞŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ dŚĞŝƚǇƐŚĂůůŐƌĂŶƚƚŚĞE'/EZĂŶŽŶͲĞǆĐůƵƐŝǀĞůŝĐĞŶƐĞ͕ƚŽƚŚĞĞǆƚĞŶƚŽĨƚŚĞ/dzΖƐƌŝŐŚƚƐŝŶƐƵĐŚĚĂƚĂ͕ƚŽƵƐĞƚŚĞ E'/EZĂƚĂĨŽƌŽƚŚĞƌƉƵƌƉŽƐĞƐ͘E'/EZǁĂŝǀĞƐĂůůĐůĂŝŵƐĂŐĂŝŶƐƚƚŚĞ/dzƌĞƐƵůƚŝŶŐŝŶĂŶǇǁĂǇĨƌŽŵĂŶǇƌĞƵƐĞŽĨ ƚŚĞE'/EZ͘ hŶůĞƐƐŽƚŚĞƌǁŝƐĞĚŝƌĞĐƚĞĚďǇ/dz͕ƚŚĞŽƌŝŐŝŶĂůƐŽĨƌĞƉŽƌƚƐ͕ƚĞƐƚƐ͕ĚƌĂǁŝŶŐƐĂŶĚƉůĂŶƐ͖ĂŶĚůĞŐŝďůǇƌĞƉƌŽĚƵĐŝďůĞĐŽƉŝĞƐŽĨ & ǁŽƌŬƐŚĞĞƚƐ͕ĨŝĞůĚŶŽƚĞƐ͕ĐŽŵƉƵƚĂƚŝŽŶƐ͕ƉŚŽƚŽƐ͕ƚĞƐƚƌĞƐƵůƚƐ͕ĂŶĚŽƚŚĞƌƉƌŽũĞĐƚĚĂƚĂŵƵƐƚďĞƌĞůŝŶƋƵŝƐŚĞĚƚŽ/dz͗ ϭ͘hƉŽŶǁƌŝƚƚĞŶŶŽƚŝĐĞŽĨĐŽŵƉůĞƚŝŽŶŽƌĐĂŶĐĞůůĂƚŝŽŶŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ Ϯ͘hƉŽŶǁƌŝƚƚĞŶŶŽƚŝĨŝĐĂƚŝŽŶďǇ/dz͘ ϯ͘WƌŝŽƌƚŽĨŝŶĂůƉĂǇŵĞŶƚďǇ/dzƚŽE'/EZĨŽƌƚŚŝƐŽŶƚƌĂĐƚ͘ ͘EŽƚǁŝƚŚƐƚĂŶĚŝŶŐƚŚĞĂďŽǀĞƉĂƌĂŐƌĂƉŚƐ͕ǁŽƌŬƉĂƉĞƌƐ͕ƉƌŽƉƌŝĞƚĂƌǇŝŶĨŽƌŵĂƚŝŽŶ͕ƉƌŽĐĞƐƐĞƐ͕ŵĞƚŚŽĚŽůŽŐŝĞƐ͕ŬŶŽǁͲŚŽǁĂŶĚ ƐŽĨƚǁĂƌĞ;͞E'/EZĂƚĂ͟ͿƉƌĞǀŝŽƵƐůǇďĞůŽŶŐŝŶŐŽƌůŝĐĞŶƐĞĚƚŽE'/EZĂŶĚƵƐĞĚƚŽƉĞƌĨŽƌŵE'/EZ͛ƐƐĞƌǀŝĐĞƐƐŚĂůů ƌĞŵĂŝŶƚŚĞƉƌŽƉĞƌƚǇŽĨE'/EZ͘E'/EZƐŚĂůůƌĞƚĂŝŶĂŶŽǁŶĞƌƐŚŝƉĂŶĚƉƌŽƉĞƌƚǇŝŶƚĞƌĞƐƚƚŚĞƌĞŝŶ;ŝŶĐůƵĚŝŶŐƚŚĞĐŽƉǇƌŝŐŚƚ ĂŶĚƚŚĞƌŝŐŚƚŽĨƌĞƵƐĞĂƚƚŚĞĚŝƐĐƌĞƚŝŽŶŽĨƚŚĞE'/EZͿ͕ǁŚĞƚŚĞƌŽƌŶŽƚƚŚĞWƌŽũĞĐƚŝƐĐŽŵƉůĞƚĞĚ͘dŽƚŚĞĞǆƚĞŶƚƚŚĞƐĞƌǀŝĐĞƐ ƉĞƌĨŽƌŵĞĚďǇE'/EZĐŽŶƚĂŝŶE'/EZĂƚĂ͕E'/EZŚĞƌĞďǇŐƌĂŶƚƐƚŽ/dzĂŶŽŶͲĞǆĐůƵƐŝǀĞ͕ŶŽŶͲĂƐƐŝŐŶĂďůĞ͕ƌŽǇĂůƚǇͲ ĨƌĞĞ͕ŝƌƌĞǀŽĐĂďůĞůŝĐĞŶƐĞƚŽƵƐĞƐƵĐŚE'/EZĂƚĂĨŽƌƚŚĞƉƵƌƉŽƐĞƐƐĞƚĨŽƌƚŚŚĞƌĞŝŶ͕ƐƵďũĞĐƚƚŽƚŚĞĨŽůůŽǁŝŶŐůŝŵŝƚĂƚŝŽŶƐ͗ ƐƵĐŚE'/EZĂƚĂĂƌĞŶŽƚŝŶƚĞŶĚĞĚŽƌƌĞƉƌĞƐĞŶƚĞĚƚŽďĞƐƵŝƚĂďůĞĨŽƌƵƐĞŽƌƌĞƵƐĞďǇ/dzŽŶĞǆƚĞŶƐŝŽŶŽĨƚŚĞWƌŽũĞĐƚŽƌ ŽŶĂŶǇŽƚŚĞƌƉƌŽũĞĐƚǁŝƚŚŽƵƚǁƌŝƚƚĞŶǀĞƌŝĨŝĐĂƚŝŽŶŽƌĂĚĂƉƚĂƚŝŽŶďǇE'/EZĂŶĚĂŶǇƐƵĐŚƌĞƵƐĞŽƌŵŽĚŝĨŝĐĂƚŝŽŶŽĨƚŚĞ E'/EZĂƚĂǁŝƚŚŽƵƚƚŚĞǁƌŝƚƚĞŶǀĞƌŝĨŝĐĂƚŝŽŶŽƌĂĚĂƉƚĂƚŝŽŶďǇE'/EZƐŚĂůůďĞĚŽŶĞĂƚ/dz͛ƐƐŽůĞƌŝƐŬĂŶĚǁŝƚŚŽƵƚ ůŝĂďŝůŝƚǇƚŽE'/EZ͘ >//>/dz $57,&/( 'ĞŶĞƌĂůͲ,ĂǀŝŶŐĐŽŶƐŝĚĞƌĞĚƚŚĞƉŽƚĞŶƚŝĂůůŝĂďŝůŝƚŝĞƐƚŚĂƚŵĂǇĞǆŝƐƚĚƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞ^ĞƌǀŝĐĞƐ͕ƚŚĞďĞŶĞĨŝƚƐ $ ŽĨƚŚĞƉƌŽũĞĐƚ͕ĂŶĚƚŚĞE'/EZ͛ƐĨĞĞĨŽƌƚŚĞ^ĞƌǀŝĐĞƐ͕ĂŶĚŝŶĐŽŶƐŝĚĞƌĂƚŝŽŶŽĨƚŚĞƉƌŽŵŝƐĞƐĐŽŶƚĂŝŶĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ /dzĂŶĚE'/EZĂŐƌĞĞƚŽĂůůŽĐĂƚĞĂŶĚůŝŵŝƚƐƵĐŚůŝĂďŝůŝƚŝĞƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐƌƚŝĐůĞ͘ /ŶĚĞŵŶŝĨŝĐĂƚŝŽŶͲE'/EZĂŶĚ/dz;ƚŚĞ͞/ŶĚĞŵŶŝĨǇŝŶŐWĂƌƚǇ͟ͿƐŚĂůůďĞůŝĂďůĞĨŽƌŝƚƐŽǁŶŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐĂŶĚ % ŽŵŝƐƐŝŽŶƐƚŽƚŚĞĞǆƚĞŶƚƉƌŽǀŝĚĞĚďǇůĂǁĂŶĚƐƵďũĞĐƚƚŽƚŚĞ/dz͛ƐĐĂƉŽŶŵƵŶŝĐŝƉĂůƚŽƌƚůŝĂďŝůŝƚǇƵŶĚĞƌDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐ ^ĞĐƚŝŽŶϰϲϲ͘Ϭϰ͕ĂŶĚŚĞƌĞďǇĂŐƌĞĞƐƚŽĚĞĨĞŶĚ͕ŝŶĚĞŵŶŝĨǇ͕ĂŶĚŚŽůĚŚĂƌŵůĞƐƐƚŚĞŽƚŚĞƌ;͞ƚŚĞ/ŶĚĞŵŶŝĨŝĞĚWĂƌƚǇ͟Ϳ͕ĨƌŽŵ ĂŶǇůŝĂďŝůŝƚǇ͕ĚĂŵĂŐĞƐ͕ĂŶĚĐŽƐƚƐĂƌŝƐŝŶŐĨƌŽŵƚŚĞŶĞŐůŝŐĞŶƚĂĐƚƐŽĨE'/EZĂŶĚ/dzĂŶĚĂŶǇŽŶĞĨŽƌǁŚŽƐĞŶĞŐůŝŐĞŶƚ ĂĐƚƐƚŚĞǇŵĂǇďĞůŝĂďůĞĨŽƌŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽĨĞƐƐŝŽŶĂůƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚŝĐŚƚŚĞ/ŶĚĞŵŶŝĨŝĞĚ WĂƌƚǇ͕ŝƚƐŽĨĨŝĐĞƌƐĂŶĚĞŵƉůŽǇĞĞƐŵĂǇŚĞƌĞĂĨƚĞƌƐƵƐƚĂŝŶ͕ŝŶĐƵƌŽƌďĞƌĞƋƵŝƌĞĚƚŽƉĂǇƚŽƚŚĞĨƵůůĞĨĨĞĐƚƉƌŽǀŝĚĞĚďǇ DŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐŚĂƉƚĞƌϯϯϳ͕ƚŽƚŚĞĞǆƚĞŶƚƚŚĞE'/EZĂŶĚ/dzĂƌĞƌĞƐƉŽŶƐŝďůĞĨŽƌƐƵĐŚůŝĂďŝůŝƚǇ͕ĐŽƐƚƐ͕ĚĂŵĂŐĞƐ͕ ŝŶĐůƵĚŝŶŐƌĞĂƐŽŶĂďůĞĂƚƚŽƌŶĞǇƐ͛ĨĞĞƐ͘/ŶƚŚĞĞǀĞŶƚĐůĂŝŵƐ͕ůŽƐƐĞƐ͕ĚĂŵĂŐĞƐ͕ŽƌĞǆƉĞŶƐĞƐĂƌĞĐĂƵƐĞĚďǇƚŚĞũŽŝŶƚŽƌ ĐŽŶĐƵƌƌĞŶƚŶĞŐůŝŐĞŶĐĞŽĨE'/EZĂŶĚ/dz͕ƚŚĞǇƐŚĂůůďĞďŽƌŶĞďǇĞĂĐŚƉĂƌƚǇŝŶƉƌŽƉŽƌƚŝŽŶƚŽŝƚƐŽǁŶŶĞŐůŝŐĞŶĐĞ͘ ^ƵƌǀŝǀĂůͲhƉŽŶĐŽŵƉůĞƚŝŽŶŽĨĂůůƐĞƌǀŝĐĞƐ͕ŽďůŝŐĂƚŝŽŶƐ͕ĂŶĚĚƵƚŝĞƐƉƌŽǀŝĚĞĚĨŽƌŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ŽƌŝĨƚŚŝƐŽŶƚƌĂĐƚŝƐ & ƚĞƌŵŝŶĂƚĞĚĨŽƌĂŶǇƌĞĂƐŽŶ͕ƚŚĞƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐƌƚŝĐůĞƐŚĂůůƐƵƌǀŝǀĞ͘ tKZ<Z^ΖKDWE^d/KE $57,&/( ŶǇĂŶĚĂůůĞŵƉůŽǇĞĞƐŽĨE'/EZ͕ŝŶĐůƵĚŝŶŐŝƚƐƐƵďĐŽŶƐƵůƚĂŶƚƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶƐǁŚŝůĞĞŶŐĂŐĞĚŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨ $ ĂŶǇǁŽƌŬŽƌƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚďǇE'/EZƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ǁŝůůŶŽƚďĞĐŽŶƐŝĚĞƌĞĚĞŵƉůŽǇĞĞƐŽĨ/dz͘ŶǇĂŶĚĂůů ĐůĂŝŵƐƚŚĂƚŵĂǇĂƌŝƐĞƵŶĚĞƌƚŚĞtŽƌŬĞƌƐΖŽŵƉĞŶƐĂƚŝŽŶĐƚŽĨDŝŶŶĞƐŽƚĂŽŶďĞŚĂůĨŽĨƐĂŝĚĞŵƉůŽǇĞĞƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶƐ ǁŚŝůĞƐŽĞŶŐĂŐĞĚ͕ĂŶĚĂŶǇĂŶĚĂůůĐůĂŝŵƐŵĂĚĞďǇĂŶǇƚŚŝƌĚƉĂƌƚǇĂƐĂĐŽŶƐĞƋƵĞŶĐĞŽĨĂŶǇĂĐƚŽƌŽŵŝƐƐŝŽŶŽŶƚŚĞƉĂƌƚŽĨ E'/EZΖƐĞŵƉůŽǇĞĞƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶǁŚŝůĞƐŽĞŶŐĂŐĞĚŽŶĂŶǇŽĨƚŚĞǁŽƌŬŽƌƐĞƌǀŝĐĞƐƚŽďĞƌĞŶĚĞƌĞĚ͕ǁŝůůŝŶŶŽǁĂǇ ďĞƚŚĞŽďůŝŐĂƚŝŽŶŽƌƌĞƐƉŽŶƐŝďŝůŝƚǇŽĨ/dz͘WƵƌƐƵĂŶƚƚŽDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐϭϳϲ͘ϭϴϮ͕ĂĐĐĞƉƚĂďůĞĞǀŝĚĞŶĐĞŽĨĐŽŵƉůŝĂŶĐĞ ǁŝƚŚtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞƌĞƋƵŝƌĞŵĞŶƚƐŵƵƐƚďĞƉƌĞƐĞŶƚĞĚƚŽ/dzďĞĨŽƌĞ/dzŵĂǇĞŶƚĞƌŝŶƚŽĂ ĐŽŶƚƌĂĐƚǁŝƚŚE'/EZ͘ KE^ $57,&/( dŚŝƐƌƚŝĐůĞŝƐŚĞƌĞďǇĚĞůĞƚĞĚ͘ /E^hZE $57,&/( ĐĞƌƚŝĨŝĐĂƚĞŽĨŝŶƐƵƌĂŶĐĞĨŽƌĞĂĐŚƚǇƉĞŽĨŝŶƐƵƌĂŶĐĞƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚďĞĨŝůĞĚǁŝƚŚƚŚĞ/dz͛ƐƵƚŚŽƌŝǌĞĚ $ ŐĞŶƚƉƌŝŽƌƚŽĞǆĞĐƵƚŝŽŶŽĨƚŚĞŽŶƚƌĂĐƚďǇŝƚǇ͘ĂĐŚƉŽůŝĐǇŵƵƐƚĐŽŶƚĂŝŶĂƌĞƋƵŝƌĞŵĞŶƚƚŚĂƚƚŚĞŝŶƐƵƌĞƌƉƌŽǀŝĚĞƚŚĞ /dzĂϯϬͲĚĂǇŶŽƚŝĐĞŽĨĐĂŶĐĞůůĂƚŝŽŶ͘ E'/EZŵƵƐƚŵĂŝŶƚĂŝŶĂŶĚĨƵƌŶŝƐŚƐĂƚŝƐĨĂĐƚŽƌǇĞǀŝĚĞŶĐĞŽĨƚŚĞĨŽůůŽǁŝŶŐŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐ͗ % ϭ͘E'/EZƐŚĂůůƉƌŽĐƵƌĞĂŶĚŵĂŝŶƚĂŝŶĨŽƌƚŚĞƚĞƌŵŽĨƚŚĞŽŶƚƌĂĐƚ͕ŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞĂƐŝƐƌĞĂƐŽŶĂďůĞĂŶĚŶĞĐĞƐƐĂƌǇ ĨŽƌƉĞƌĨŽƌŵĞĚƐĞƌǀŝĐĞƐďǇE'/EZĂŶĚŝƚƐĞŵƉůŽǇĞĞƐ͘ Ϯ͘dŚĞE'/EZƐŚĂůůďĞƌĞƐƉŽŶƐŝďůĞĨŽƌŽďƚĂŝŶŝŶŐƐĞƉĂƌĂƚĞĐĞƌƚŝĨŝĐĂƚĞƐĂŶĚĞŶĚŽƌƐĞŵĞŶƚƐĨŽƌĞĂĐŚƐƵďĐŽŶƐƵůƚĂŶƚ͘ E'/EZƐŚĂůůĚĞƚĞƌŵŝŶĞƚŚĞĂƉƉƌŽƉƌŝĂƚĞůĞǀĞůŽĨŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞĂŶĚůŝŵŝƚƐĨƌŽŵŝƚƐƐƵďĐŽŶƐƵůƚĂŶƚƐ͘ ϯ͘tŽƌŬĞƌƐΖŽŵƉĞŶƐĂƚŝŽŶ/ŶƐƵƌĂŶĐĞ͗E'/EZǁŝůůƉƌŽǀŝĚĞtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞĨŽƌĂůůE'/EZ ĞŵƉůŽǇĞĞƐĂŶĚ͕ŝŶĐĂƐĞĂŶǇǁŽƌŬŝƐƐƵďĐŽŶƚƌĂĐƚĞĚ͕E'/EZǁŝůůƌĞƋƵŝƌĞƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚƚŽƉƌŽǀŝĚĞtŽƌŬĞƌƐ͛ ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞƐƚĂƚƵƚŽƌǇƌĞƋƵŝƌĞŵĞŶƚƐŽĨ/dzŽĨDŝŶŶĞƐŽƚĂ͕ĂŶĚŝŶĐůƵĚŝŶŐŽǀĞƌĂŐĞ ͕ŵƉůŽǇĞƌ͛Ɛ>ŝĂďŝůŝƚǇ͕ĂƚůŝŵŝƚƐŶŽƚůĞƐƐƚŚĂŶΨϭϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůǇŝŶũƵƌǇďǇĚŝƐĞĂƐĞƉĞƌĞŵƉůŽǇĞĞ͖ΨϱϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůǇ ŝŶũƵƌǇďǇĚŝƐĞĂƐĞĂŐŐƌĞŐĂƚĞ͖ĂŶĚΨϭϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůǇŝŶũƵƌǇďǇĂĐĐŝĚĞŶƚ͘ǀŝĚĞŶĐĞŽĨƐƵďĐŽŶƐƵůƚĂŶƚ͚ƐŝŶƐƵƌĂŶĐĞƐŚĂůů ďĞĨŝůĞĚǁŝƚŚƚŚĞE'/EZ͘ ϰ͘ŽŵŵĞƌĐŝĂů'ĞŶĞƌĂů>ŝĂďŝůŝƚǇ͗E'/EZǁŝůůŵĂŝŶƚĂŝŶŝŶƐƵƌĂŶĐĞƉƌŽƚĞĐƚŝŶŐE'/EZĨƌŽŵĐůĂŝŵƐĨŽƌĚĂŵĂŐĞƐĨŽƌ ďŽĚŝůǇŝŶũƵƌǇ͕ŝŶĐůƵĚŝŶŐƐŝĐŬŶĞƐƐŽƌĚŝƐĞĂƐĞ͕ĚĞĂƚŚ͕ĂŶĚĨŽƌĐĂƌĞĂŶĚůŽƐƐŽĨƐĞƌǀŝĐĞƐĂƐǁĞůůĂƐĨƌŽŵĐůĂŝŵƐĨŽƌƉƌŽƉĞƌƚǇ ĚĂŵĂŐĞŝŶĐůƵĚŝŶŐůŽƐƐŽĨƵƐĞǁŚŝĐŚŵĂǇĂƌŝƐĞĨƌŽŵŽƉĞƌĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚĞƚŚĞƌƐƵĐŚŽƉĞƌĂƚŝŽŶƐďĞďǇ E'/EZŽƌďǇĂƐƵďĐŽŶƐƵůƚĂŶƚŽƌďǇĂŶǇŽŶĞĚŝƌĞĐƚůǇŽƌŝŶĚŝƌĞĐƚůǇĞŵƉůŽǇĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘E'/EZ͛Ɛ ůŝĂďŝůŝƚǇŝŶƐƵƌĂŶĐĞƐŚĂůůďĞƉƌŝŵĂƌǇƚŽĂŶǇůŝĂďŝůŝƚǇŝŶƐƵƌĂŶĐĞŵĂŝŶƚĂŝŶĞĚďǇƚŚĞŝƚǇ͘hŶůĞƐƐŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶ ƚŚŝƐŽŶƚƌĂĐƚ͕E'/EZ͛ƐŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌŽĐĐƵƌƌĞŶĐĞ D Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲĂŶŶƵĂůĂŐŐƌĞŐĂƚĞ E /ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĨŽůůŽǁŝŶŐĐŽǀĞƌĂŐĞƐƐŚŽƵůĚďĞŝŶĐůƵĚĞĚ͗ ŽĚŝůǇ/ŶũƵƌǇĂŶĚWƌŽƉĞƌƚǇĂŵĂŐĞ D WƌŽĚƵĐƚƐĂŶĚŽŵƉůĞƚĞĚKƉĞƌĂƚŝŽŶƐ>ŝĂďŝůŝƚǇ E ůĂŶŬĞƚŽŶƚƌĂĐƚƵĂů>ŝĂďŝůŝƚǇ F EĂŵĞ/dzĂƐĂŶĚĚŝƚŝŽŶĂů/ŶƐƵƌĞĚ G ϱ͘ŽŵŵĞƌĐŝĂůƵƚŽŵŽďŝůĞ>ŝĂďŝůŝƚǇ͗E'/EZǁŝůůŵĂŝŶƚĂŝŶŝŶƐƵƌĂŶĐĞƉƌŽƚĞĐƚŝŶŐE'/EZĨƌŽŵĐůĂŝŵƐĨŽƌĚĂŵĂŐĞƐ ĨŽƌďŽĚŝůǇŝŶũƵƌǇ͕ŝŶĐůƵĚŝŶŐƐŝĐŬŶĞƐƐŽƌĚŝƐĞĂƐĞ͕ĚĞĂƚŚ͕ĂŶĚĨŽƌĐĂƌĞĂŶĚůŽƐƐŽĨƐĞƌǀŝĐĞƐ͕ĂƐǁĞůůĂƐĨƌŽŵĐůĂŝŵƐĨŽƌ ƉƌŽƉĞƌƚǇĚĂŵĂŐĞŝŶĐůƵĚŝŶŐůŽƐƐŽĨƵƐĞǁŚŝĐŚŵĂǇĂƌŝƐĞĨƌŽŵŽƉĞƌĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚĞƚŚĞƌƐƵĐŚŽƉĞƌĂƚŝŽŶƐ ǁĞƌĞďǇE'/EZŽƌďǇƐƵďĐŽŶƐƵůƚĂŶƚŽƌďǇĂŶǇŽŶĞĚŝƌĞĐƚůǇŽƌŝŶĚŝƌĞĐƚůǇĞŵƉůŽǇĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘hŶůĞƐƐ ŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ƚŚĞE'/EZŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌŽĐĐƵƌƌĞŶĐĞŽŵďŝŶĞĚ^ŝŶŐůĞůŝŵŝƚĨŽƌŽĚŝůǇ/ŶũƵƌǇĂŶĚWƌŽƉĞƌƚǇĂŵĂŐĞ /ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĨŽůůŽǁŝŶŐĐŽǀĞƌĂŐĞƐƐŚŽƵůĚďĞŝŶĐůƵĚĞĚ͗ KǁŶĞĚ͕,ŝƌĞĚ͕ĂŶĚEŽŶͲŽǁŶĞĚ EĂŵĞ/dzĂƐĂŶĚĚŝƚŝŽŶĂů/ŶƐƵƌĞĚ ϲ͘WƌŽĨĞƐƐŝŽŶĂů>ŝĂďŝůŝƚǇ/ŶƐƵƌĂŶĐĞ͗ hŶůĞƐƐŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕E'/EZŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌĐůĂŝŵ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲĂŶŶƵĂůĂŐŐƌĞŐĂƚĞ dŚŝƐƉŽůŝĐǇǁŝůůƉƌŽǀŝĚĞĐŽǀĞƌĂŐĞĨŽƌĂůůĐůĂŝŵƐE'/EZǁŝůůďĞĐŽŵĞůĞŐĂůůǇŽďůŝŐĂƚĞĚƚŽƉĂǇƌĞƐƵůƚŝŶŐĨƌŽŵĂŶǇ ĂĐƚƵĂůŽƌĂůůĞŐĞĚŶĞŐůŝŐĞŶƚĂĐƚ͕ĞƌƌŽƌ͕ŽƌŽŵŝƐƐŝŽŶƌĞůĂƚĞĚƚŽE'/EZΖƐƉƌŽĨĞƐƐŝŽŶĂůƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐ ŽŶƚƌĂĐƚ͘ E'/EZŵƵƐƚ͗ & ϭ͘/ŶĐůƵĚĞůĞŐĂůĚĞĨĞŶƐĞĨĞĞƐŝŶĂĚĚŝƚŝŽŶƚŽŝƚƐůŝĂďŝůŝƚǇƉŽůŝĐǇůŝŵŝƚƐ͕ǁŝƚŚƚŚĞĞǆĐĞƉƚŝŽŶŽĨWƌŽĨĞƐƐŝŽŶĂů>ŝĂďŝůŝƚǇ/ŶƐƵƌĂŶĐĞ ĂďŽǀĞ͖ĂŶĚ Ϯ͘KďƚĂŝŶŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐĨƌŽŵĂŶŝŶƐƵƌĂŶĐĞĐŽŵƉĂŶǇŚĂǀŝŶŐĂŶΗD^dΗƌĂƚŝŶŐŽĨͲs///ŽƌďĞƚƚĞƌ͘ /dzƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽŝŵŵĞĚŝĂƚĞůǇƌĞƐĐŝŶĚƚŚŝƐŽŶƚƌĂĐƚŝĨE'/EZŝƐŶŽƚŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚƚŚĞŝŶƐƵƌĂŶĐĞ ' ƌĞƋƵŝƌĞŵĞŶƚƐĂŶĚƌĞƚĂŝŶƐĂůůƌŝŐŚƚƐƚŽƉƵƌƐƵĞĂŶǇůĞŐĂůƌĞŵĞĚŝĞƐĂŐĂŝŶƐƚE'/EZ͘hƉŽŶǁƌŝƚƚĞŶƌĞƋƵĞƐƚďǇƚŚĞ/dzΖƐ ƵƚŚŽƌŝǌĞĚŐĞŶƚ͕ĂůůŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐƐŚĂůůďĞŽƉĞŶƚŽŝŶƐƉĞĐƚŝŽŶ͕ĂŶĚĐŽƉŝĞƐŽĨƉŽůŝĐŝĞƐŵĂǇďĞƌĞƋƵĞƐƚĞĚ͘ >/sZ>^dEZ^ $57,&/( /dzǁŝůůŚĂǀĞƚŚĞĂƵƚŚŽƌŝƚǇƚŽĚŝƐĂƉƉƌŽǀĞŽƌƌĞũĞĐƚƐĞƌǀŝĐĞƐŽƌĚĞůŝǀĞƌĂďůĞƐƚŚĂƚĂƌĞĚĞĨĞĐƚŝǀĞ͘E'/EZǁŝůůďĞ $ ƌĞƐƉŽŶƐŝďůĞĨŽƌƚŚĞĂĐĐƵƌĂĐǇŽĨŝƚƐǁŽƌŬƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚĂŶĚŵƵƐƚŵĂŬĞƚŝŵĞůǇƌĞǀŝƐŝŽŶƐŽƌĐŽƌƌĞĐƚŝŽŶƐǁŝƚŚŽƵƚ ĐŽŵƉĞŶƐĂƚŝŽŶƌĞƐƵůƚŝŶŐĨƌŽŵĞƌƌŽƌƐĂŶĚŽŵŝƐƐŝŽŶƐŽŶƚŚĞƉĂƌƚŽĨE'/EZ͘dŚĞƐĞƌǀŝĐĞƐŽƌĚĞůŝǀĞƌĂďůĞƐƉƌŽǀŝĚĞĚƚŽ/dz ďǇE'/EZŵƵƐƚďĞŽĨƐƵĐŚƋƵĂůŝƚǇƚŚĂƚƚŚĞǇĂƌĞƐƵŝƚĂďůĞĨŽƌƚŚĞŝƌŝŶƚĞŶĚĞĚƉƵƌƉŽƐĞ͘ E'/EZ͛ƐƐĞƌǀŝĐĞƐĂŶĚĐŽŵƉĞŶƐĂƚŝŽŶƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŚĂǀĞďĞĞŶĂŐƌĞĞĚƚŽŝŶĂŶƚŝĐŝƉĂƚŝŽŶŽĨƚŚĞŽƌĚĞƌůǇĂŶĚ % ĐŽŶƚŝŶƵŽƵƐƉƌŽŐƌĞƐƐŽĨƚŚĞWƌŽũĞĐƚƚŚŽƵŐŚĐŽŵƉůĞƚŝŽŶ͘hŶůĞƐƐƐƉĞĐŝĨŝĐƉĞƌŝŽĚƐŽĨƚŝŵĞŽƌƐƉĞĐŝĨŝĐĚĂƚĞƐĨŽƌƉƌŽǀŝĚŝŶŐ ƐĞƌǀŝĐĞƐĂƌĞƐƉĞĐŝĨŝĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕E'/EZ͛ƐŽďůŝŐĂƚŝŽŶƚŽƌĞŶĚĞƌƐĞƌǀŝĐĞƐŚĞƌĞƵŶĚĞƌǁŝůůďĞĨŽƌĂƉĞƌŝŽĚǁŚŝĐŚŵĂǇ 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ƌĞƐƵůƚŝŶŐĨƌŽŵE'/EZΖƐŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚĂĚĚŝƚŝŽŶĂůĐŽŵƉĞŶƐĂƚŝŽŶ͘ĐĐĞƉƚĂŶĐĞŽĨƚŚĞǁŽƌŬ ďǇ/dzǁŝůůŶŽƚƌĞůŝĞǀĞE'/EZŽĨƚŚĞƌĞƐƉŽŶƐŝďŝůŝƚǇĨŽƌƐƵďƐĞƋƵĞŶƚĐŽƌƌĞĐƚŝŽŶŽĨĂŶǇĞƌƌŽƌƐŽƌŽŵŝƐƐŝŽŶƐŽƌĨŽƌ ĐůĂƌŝĨŝĐĂƚŝŽŶŽĨĂŶǇĂŵďŝŐƵŝƚŝĞƐ͘ /ĨŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐĂƌĞŵĂĚĞďǇE'/EZŝŶĂŶǇƉŚĂƐĞŽĨƚŚĞǁŽƌŬ͕ƚŚĞĐŽƌƌĞĐƚŝŽŶŽĨǁŚŝĐŚŵĂǇ % ƌĞƋƵŝƌĞĂĚĚŝƚŝŽŶĂůĨŝĞůĚŽƌŽĨĨŝĐĞǁŽƌŬ͕E'/EZǁŝůůďĞƉƌŽŵƉƚůǇŶŽƚŝĨŝĞĚďǇ/dzĂŶĚǁŝůůďĞƌĞƋƵŝƌĞĚƚŽƉĞƌĨŽƌŵƐƵĐŚ ĂĚĚŝƚŝŽŶĂůǁŽƌŬĂƐŵĂǇďĞŶĞĐĞƐƐĂƌǇƚŽĐŽƌƌĞĐƚƚŚĞƐĞŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚƵŶĚƵĞĚĞůĂǇĂŶĚ ǁŝƚŚŽƵƚĂĚĚŝƚŝŽŶĂůĐŽƐƚƚŽ/dz͘/ĨƚŚĞE'/EZŝƐĂǁĂƌĞŽĨĂŶǇŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐŵĂĚĞŝŶĂŶǇƉŚĂƐĞ ŽĨŝƚƐǁŽƌŬ͕ƚŚĞĐŽƌƌĞĐƚŝŽŶƐŽĨǁŚŝĐŚŵĂǇƌĞƋƵŝƌĞĂŶǇĂĚĚŝƚŝŽŶĂůĨŝĞůĚŽƌŽĨĨŝĐĞǁŽƌŬ͕E'/EZŵƵƐƚƉƌŽŵƉƚůǇƉĞƌĨŽƌŵ ƐƵĐŚĂĚĚŝƚŝŽŶĂůǁŽƌŬĂƐŵĂǇďĞŶĞĐĞƐƐĂƌǇƚŽĐŽƌƌĞĐƚƚŚĞƐĞŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚƵŶĚƵĞĚĞůĂǇĂŶĚ ǁŝƚŚŽƵƚĂĚĚŝƚŝŽŶĂůĐŽƐƚƚŽ/dz͘ E'/EZǁŝůůďĞƌĞƐƉŽŶƐŝďůĞĨŽƌĂŶǇĚĂŵĂŐĞƐŝŶĐƵƌƌĞĚĂƐĂƌĞƐƵůƚŽĨŝƚƐŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐĂŶĚĨŽƌĂŶǇ & 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ŽĨƚŚĞƉƵďůŝĐĨĂĐŝůŝƚŝĞƐĨŽƌǁŚŝĐŚĐŽŶƐƚƌƵĐƚŝŽŶŝŶƐƉĞĐƚŝŽŶĂŶĚŽďƐĞƌǀĂƚŝŽŶƐĞƌǀŝĐĞƐĂƌĞďĞŝŶŐƌĞƋƵĞƐƚĞĚ͘/dzǁĂŝǀĞƐĂŶǇ ĂŶĚĂůůĐŽŶĨůŝĐƚŽĨŝŶƚĞƌĞƐƚƌŝŐŚƚƐĂŐĂŝŶƐƚE'/EZƌĞůĂƚŝǀĞƚŽƚŚŝƐĂƌƌĂŶŐĞŵĞŶƚ͘ 'KsZE/E'>t͕:hZ/^/d/KE͕EsEh $57,&/( dŚŝƐŽŶƚƌĂĐƚƐŚĂůůďĞŐŽǀĞƌŶĞĚďǇĂŶĚĐŽŶƐƚƌƵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞůĂǁƐŽĨƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂ͘sĞŶƵĞĨŽƌĂůůůĞŐĂů $ ƉƌŽĐĞĞĚŝŶŐƐĂƌŝƐŝŶŐŽƵƚŽĨƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞŝŶƚŚĞĂƉƉůŝĐĂďůĞƐƚĂƚĞŽƌĨĞĚĞƌĂůĐŽƵƌƚǁŝƚŚĐŽŵƉĞƚĞŶƚũƵƌŝƐĚŝĐƚŝŽŶŝŶ KůŵƐƚĞĚŽƵŶƚǇĂŶĚDŝŶŶĞƐŽƚĂƌĞƐƉĞĐƚŝǀĞůǇ͘ dZD^K&'EZ>KE/d/KE^ $57,&/( ŶǇĂŶĚĂůůƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞƐĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐǁŝůůƌĞŵĂŝŶŝŶĨŽƌĐĞƵŶůĞƐƐƚŚĞǇĂƌĞƐƉĞĐŝĨŝĐĂůůǇĂŶĚĚĞůŝďĞƌĂƚĞůǇ $ ĐĂŶĐĞůĞĚŽƌŵŽĚŝĨŝĞĚďǇƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ dŽƚŚĞĞǆƚĞŶƚŽĨĂŶǇŝŶĐŽŶƐŝƐƚĞŶĐŝĞƐďĞƚǁĞĞŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐĂŶĚƚŚĞƐĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐ͕ƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ % ǁŝůůĐŽŶƚƌŽů͘DŝŶŶĞƐŽƚĂ>ĂǁƐƵƉĞƌƐĞĚĞƐĂŶǇŽĨƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽƌ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐƐĞƚĨŽƌƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͘ dZD^K&WzDEd $57,&/( ^ƵďũĞĐƚƚŽƚŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ĂůůƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚĂŶĚĚĞůŝǀĞƌĂďůĞƐƐĂƚŝƐĨĂĐƚŽƌŝůǇƐƵƉƉůŝĞĚďǇ $ E'/EZƉƵƌƐƵĂŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞƉĂŝĚďǇ/dz͘ŽŵƉĞŶƐĂƚŝŽŶǁŝůůďĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ Zd/>ϯ͕͞ŽŶƐŝĚĞƌĂƚŝŽŶŽĨWĂǇŵĞŶƚ͘͟ /ĨŝƚĂƉƉĞĂƌƐĂƚĂŶǇƚŝŵĞƚŚĂƚE'/EZǁŝůůĞǆĐĞĞĚƚŚĞdŽƚĂůŽŶƚƌĂĐƚŵŽƵŶƚƐƚĂƚĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐ % ŽŶƚƌĂĐƚ͕E'/EZŵƵƐƚŶŽƚŝĨǇ/dz͛ƐƵƚŚŽƌŝǌĞĚŐĞŶƚŝŶǁƌŝƚŝŶŐŝŶĂƚŝŵĞůǇŵĂŶŶĞƌ͘E'/EZŵĂǇŶŽƚďĞ ĐŽŵƉĞŶƐĂƚĞĚĨŽƌǁŽƌŬƉĞƌĨŽƌŵĞĚŝŶĞǆĐĞƐƐŽĨƚŚĞdŽƚĂůŽŶƚƌĂĐƚŵŽƵŶƚǁŝƚŚŽƵƚĂǁƌŝƚƚĞŶ͕ĂŶĚĨƵůůǇĞǆĞĐƵƚĞĚ͕ ĂŵĞŶĚŵĞŶƚƚŽƚŚĞŽŶƚƌĂĐƚ͘ŶǇǁŽƌŬƉĞƌĨŽƌŵĞĚďĞǇŽŶĚƚŚĂƚŝĚĞŶƚŝĨŝĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚǁŝƚŚŽƵƚĂƉƌŝŽƌǁƌŝƚƚĞŶ ĂŵĞŶĚŵĞŶƚƐŝŐŶĞĚďǇ/dzŵĂǇďĞĚĞĞŵĞĚǀŽůƵŶƚĂƌǇĂŶĚE'/EZŵĂǇŶŽƚďĞĞŶƚŝƚůĞĚƚŽĐŽŵƉĞŶƐĂƚŝŽŶĨŽƌƚŚĞĞǆƚƌĂ ǁŽƌŬ͘ /ĨE'/EZĐůĂŝŵƐĂŶǇŝŶƐƚƌƵĐƚŝŽŶƐ͕ůĂƚĞŶƚĐŽŶĚŝƚŝŽŶƐ͕ŽƌŽƚŚĞƌĐŽŶĚŝƚŝŽŶƐĞǆŝƐƚƚŚĂƚƌĞƋƵŝƌĞĞǆƚƌĂĐŽƐƚƵŶĚĞƌƚŚŝƐ & ŽŶƚƌĂĐƚ͕E'/EZŵƵƐƚŵĂŬĞĐůĂŝŵĨŽƌĂŶǇĞǆƚƌĂĐŽƐƚŝŶĐƵƌƌĞĚŝŶǁƌŝƚŝŶŐǁŝƚŚŝŶϮϬĂůĞŶĚĂƌĚĂǇƐĂĨƚĞƌƐƵĐŚŝŶƐƚƌƵĐƚŝŽŶ ŽƌŽďƐĞƌǀĂŶĐĞŽĨĐŽŶĚŝƚŝŽŶƐ͘>ĂƚĞŶƚĐŽŶĚŝƚŝŽŶƐĂƌĞĐŽŶĚŝƚŝŽŶƐŶŽƚĂŶƚŝĐŝƉĂƚĞĚďǇƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ ŶǇĐůĂŝŵŵĂĚĞĂĨƚĞƌƚŚŝƐƚŝŵĞŵĂǇďĞƌĞĨƵƐĞĚĂŶĚŶŽĐůĂŝŵǁŝůůďĞǀĂůŝĚƵŶůĞƐƐƐŽŵĂĚĞ͘ŶǇǁŽƌŬƉĞƌĨŽƌŵĞĚƵŶĚĞƌĂŶ ĂŵĞŶĚŵĞŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚƚŚĂƚŚĂƐŶŽƚďĞĞŶƉƌŽƉĞƌůǇĂƉƉƌŽǀĞĚĂŶĚĞǆĞĐƵƚĞĚďǇƚŚĞƉĂƌƚŝĞƐǁŝůůďĞƉĞƌĨŽƌŵĞĚĂƚ E'/EZΖƐŽǁŶƌŝƐŬ͘ ZĞŝŵďƵƌƐĞŵĞŶƚĨŽƌƚƌĂǀĞůĂŶĚƐƵďƐŝƐƚĞŶĐĞĞǆƉĞŶƐĞƐĂĐƚƵĂůůǇĂŶĚŶĞĐĞƐƐĂƌŝůǇŝŶĐƵƌƌĞĚďǇE'/EZĂƐĂƌĞƐƵůƚŽĨ ' ƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚŶŽƚĞǆĐĞĞĚƚŚĞĂŵŽƵŶƚĚĞĨŝŶĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͘E'/EZŵĂǇďĞ ƌĞŝŵďƵƌƐĞĚĨŽƌƚƌĂǀĞůĂŶĚƐƵďƐŝƐƚĞŶĐĞĞǆƉĞŶƐĞƐŝŶƚŚĞƐĂŵĞŵĂŶŶĞƌĂŶĚŝŶŶŽŐƌĞĂƚĞƌĂŵŽƵŶƚƚŚĂŶƉƌŽǀŝĚĞĚŝŶƚŚĞ ĐƵƌƌĞŶƚΗDŶͬKddƌĂǀĞůZĞŐƵůĂƚŝŽŶƐΗ͕ĂŶĚŝĚĞŶƚŝĨŝĞĚŝŶ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͕ƌƚŝĐůĞϯ͘ WZKhZ&KZWzDEd $57,&/( WĂǇŵĞŶƚƐǁŝůůďĞŵĂĚĞďǇ/dzǁŝƚŚŝŶϯϬĚĂǇƐŽĨE'/EZ͛ƐƉƌĞƐĞŶƚĂƚŝŽŶŽĨƉƌŽƉĞƌůǇƉƌĞƉĂƌĞĚŝŶǀŽŝĐĞƐĂŶĚƉƌŽŐƌĞƐƐ $ ƌĞƉŽƌƚƐĨŽƌƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚ͘/dzƐŚĂůůŶŽƚŝĨǇE'/EZŝŶǁƌŝƚŝŶŐǁŝƚŚŝŶϯϬĚĂǇƐŽĨ E'/EZ͛ƐƉƌĞƐĞŶƚĂƚŝŽŶŽĨŝŶǀŽŝĐĞƐŝĨƚŚĞǇďĞůŝĞǀĞƚŚĞƉƌŽŐƌĞƐƐƌĞƉŽƌƚƐǁĞƌĞŶŽƚƉƌŽƉĞƌůǇƉƌĞƉĂƌĞĚŽƌƚŚĞƐĞƌǀŝĐĞƐǁĞƌĞ ŶŽƚƉƌŽƉĞƌůǇƉĞƌĨŽƌŵĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞŽŶƚƌĂĐƚ͘ /ŶǀŽŝĐĞƐĨŽƌƉĂǇŵĞŶƚŵƵƐƚďĞƐƵďŵŝƚƚĞĚďǇE'/EZŵŽŶƚŚůǇƚŽƚŚĞ/dzΖƐƵƚŚŽƌŝǌĞĚŐĞŶƚŝŶƚŚĞĨŽƌŵƉƌĞƐĐƌŝďĞĚďǇ % /dz͘/ŶǀŽŝĐĞƐƐŚŽƵůĚŝĚĞŶƚŝĨǇƚŚĞƉƌŽũĞĐƚĂŶĚƚŚĞĐŽƐƚĨŽƌƚŚĞƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚĂŶĚĚĞůŝǀĞƌĞĚĨŽƌƚŚĞďŝůůŝŶŐƉĞƌŝŽĚĂŶĚ ŵƵƐƚƐĂƚŝƐĨǇƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐůŝƐƚĞĚďĞůŽǁ͗ ϭ͘ĂĐŚŝŶǀŽŝĐĞŵƵƐƚĐŽŶƚĂŝŶƚŚĞĨŽůůŽǁŝŶŐŝŶĨŽƌŵĂƚŝŽŶ͗/dzĐŽŶƚƌĂĐƚŝŶǀŽŝĐĞŶƵŵďĞƌ;ƐĞƋƵĞŶƚŝĂůůǇŶƵŵďĞƌĞĚͿ͕ďŝůůŝŶŐ ĂĚĚƌĞƐƐŝĨĚŝĨĨĞƌĞŶƚĨƌŽŵďƵƐŝŶĞƐƐĂĚĚƌĞƐƐ͕ĂŶĚE'/EZΖƐŽƌŝŐŝŶĂůƐŝŐŶĂƚƵƌĞĂƚƚĞƐƚŝŶŐƚŚĂƚƚŚĞŝŶǀŽŝĐĞĚƐĞƌǀŝĐĞƐĂŶĚ ĐŽƐƚƐĂƌĞŶĞǁĂŶĚƚŚĂƚŶŽƉƌĞǀŝŽƵƐĐŚĂƌŐĞĨŽƌƚŚŽƐĞƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐŚĂƐďĞĞŶŝŶĐůƵĚĞĚŝŶĂŶǇƉƌŝŽƌŝŶǀŽŝĐĞ͘ Ϯ͘dŚĞŽƌŝŐŝŶĂůŽĨĞĂĐŚŝŶǀŽŝĐĞĂŶĚƉƌŽŐƌĞƐƐƌĞƉŽƌƚŵƵƐƚďĞƐĞŶƚƚŽƚŚĞ/dzΖƐƵƚŚŽƌŝǌĞĚŐĞŶƚĨŽƌƌĞǀŝĞǁĂŶĚƉĂǇŵĞŶƚ͘ ϯ͘ŝƌĞĐƚŶŽŶͲƐĂůĂƌǇĐŽƐƚƐĂůůŽĐĂďůĞƚŽƚŚĞǁŽƌŬƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ĂŶĚĚĞĨŝŶĞĚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐ ŽŶƚƌĂĐƚ͕ŵƵƐƚďĞŝƚĞŵŝǌĞĚĂŶĚƐƵƉƉŽƌƚĞĚǁŝƚŚŝŶǀŽŝĐĞƐŽƌďŝůůŝŶŐĚŽĐƵŵĞŶƚƐƚŽƐŚŽǁƚŚĂƚƐƵĐŚĐŽƐƚƐĂƌĞƉƌŽƉĞƌůǇ ĂůůŽĐĂďůĞƚŽƚŚĞǁŽƌŬ͘ŝƌĞĐƚŶŽŶͲƐĂůĂƌǇĐŽƐƚƐĂƌĞĂŶǇĐŽƐƚƐƚŚĂƚĂƌĞŶŽƚƚŚĞƐĂůĂƌŝĞĚĐŽƐƚƐĚŝƌĞĐƚůǇƌĞůĂƚĞĚƚŽƚŚĞǁŽƌŬ ŽĨƚŚĞE'/EZ͘^ƵƉƉŽƌƚŝŶŐĚŽĐƵŵĞŶƚĂƚŝŽŶŵƵƐƚďĞƉƌŽǀŝĚĞĚŝŶĂŵĂŶŶĞƌƚŚĂƚĐŽƌƌĞƐƉŽŶĚƐƚŽĞĂĐŚĚŝƌĞĐƚĐŽƐƚ͘ ϰ͘E'/EZŵƵƐƚƉƌŽǀŝĚĞ͕ƵƉŽŶƌĞƋƵĞƐƚŽĨƚŚĞ/dzΖƐƵƚŚŽƌŝǌĞĚŐĞŶƚ͕ƚŚĞĨŽůůŽǁŝŶŐƐƵƉƉŽƌƚŝŶŐĚŽĐƵŵĞŶƚĂƚŝŽŶ͗ ŝƌĞĐƚƐĂůĂƌǇĐŽƐƚƐŽĨĞŵƉůŽǇĞĞƐΖƚŝŵĞĚŝƌĞĐƚůǇĐŚĂƌŐĞĂďůĞĨŽƌƚŚĞƐĞƌǀŝĐĞƐƉĞƌĨŽƌŵĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘ D dŚŝƐŵƵƐƚŝŶĐůƵĚĞĂƉĂǇƌŽůůĐŽƐƚďƌĞĂŬĚŽǁŶŝĚĞŶƚŝĨǇŝŶŐƚŚĞŶĂŵĞŽĨƚŚĞĞŵƉůŽǇĞĞ͕ĐůĂƐƐŝĨŝĐĂƚŝŽŶ͕ĂĐƚƵĂůƌĂƚĞŽĨƉĂǇ͕ ŚŽƵƌƐǁŽƌŬĞĚ͕ĂŶĚƚŽƚĂůƉĂǇŵĞŶƚĨŽƌĞĂĐŚŝŶǀŽŝĐĞƉĞƌŝŽĚ͖ĂŶĚ ^ŝŐŶĞĚƚŝŵĞƐŚĞĞƚƐŽƌƉĂǇƌŽůůĐŽƐƚďƌĞĂŬĚŽǁŶĨŽƌĞĂĐŚĞŵƉůŽǇĞĞůŝƐƚŝŶŐĚĂƚĞƐĂŶĚŚŽƵƌƐǁŽƌŬĞĚ͘ŽŵƉƵƚĞƌ E ŐĞŶĞƌĂƚĞĚƉƌŝŶƚŽƵƚƐŽĨůĂďŽƌĐŽƐƚƐĨŽƌƚŚĞƉƌŽũĞĐƚŵƵƐƚĐŽŶƚĂŝŶƚŚĞƉƌŽũĞĐƚŶƵŵďĞƌ͕ĞĂĐŚĞŵƉůŽǇĞĞΖƐŶĂŵĞ͕ŚŽƵƌůǇ ƌĂƚĞ͕ƌĞŐƵůĂƌĂŶĚŽǀĞƌƚŝŵĞŚŽƵƌƐ͕ĂŶĚƚŚĞĚŽůůĂƌĂŵŽƵŶƚĐŚĂƌŐĞĚƚŽƚŚĞƉƌŽũĞĐƚĨŽƌĞĂĐŚƉĂǇƉĞƌŝŽĚ͘ ϱ͘E'/EZŵƵƐƚƉƌŽǀŝĚĞĂĐŽƉǇŽĨƚŚĞŝŶǀŽŝĐĞƚŚĞǇĨŽƌǁĂƌĚĞĚƚŽƚŚĞĐŝƚǇƚŽƚŚĞĚĞǀĞůŽƉĞƌĨŽƌŝŶĨŽƌŵĂƚŝŽŶĂůƉƵƌƉŽƐĞƐ͘ dŚŝƐĚŽĐƵŵĞŶƚƐŚŽƵůĚďĞĐůĞĂƌĞĚƐƚĂƚĞĚƚŚĂƚŝƚ͛ƐĨŽƌŝŶĨŽƌŵĂƚŝŽŶĂůƉƵƌƉŽƐĞƐŽŶůǇ͘ /ĨE'/EZŝƐĂƵƚŚŽƌŝǌĞĚďǇ/dzƚŽƵƐĞŽƌƵƐĞƐĂŶǇƐƵďĐŽŶƐƵůƚĂŶƚƐ͕E'/EZŵƵƐƚŝŶĐůƵĚĞĂůůƚŚĞĂďŽǀĞƐƵƉƉŽƌƚŝŶŐ & ĚŽĐƵŵĞŶƚĂƚŝŽŶŝŶĂŶǇƐƵďĐŽŶƐƵůƚĂŶƚ͛ƐŽŶƚƌĂĐƚ͕ĂŶĚE'/EZŵƵƐƚĐŽŵƉůǇǁŝƚŚDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐ^ĞĐƚŝŽŶϭϲ͘ϭϮϰϱ͕ ƌĞƋƵŝƌŝŶŐƚŝŵĞůǇƉĂǇŵĞŶƚďǇE'/EZŽĨƐƵďĐŽŶƐƵůƚĂŶƚ͛Ɛ͕ƉĞŶĂůƚŝĞƐĨŽƌůĂƚĞƉĂǇŵĞŶƚƐ͕ĂŶĚĚĞĨŝŶŝŶŐĐŽƐƚƐƚŚĞƐƵď ĐŽŶƐƵůƚĂŶƚŵƵƐƚďĞĂǁĂƌĚĞĚŝĨƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚƉƌĞǀĂŝůƐŝŶĂůĂǁƐƵŝƚ͘ E'/EZŵƵƐƚƌĞƋƵŝƌĞƐƵďĐŽŶƐƵůƚĂŶƚ͛ƐŝŶǀŽŝĐĞƐƚŽĨŽůůŽǁƚŚĞƐĂŵĞĨŽƌŵĂŶĚĐŽŶƚĂŝŶƚŚĞƐĂŵĞŝŶĨŽƌŵĂƚŝŽŶĂƐƐĞƚ ' ĨŽƌƚŚĂďŽǀĞ͘ KE/d/KE^K&WzDEd $57,&/( &ŽƌĂůůƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐƉƌŽǀŝĚĞĚďǇE'/EZƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ƚŚĞŶŐŝŶĞĞƌƐŚĂůůŵĂŝŶƚĂŝŶŝƚƐĞƚŚŝĐĂůĂŶĚ $ ůĞŐĂůĚƵƚǇŽĨĂƉƌŽĨĞƐƐŝŽŶĂůƚŽĞǆĞƌĐŝƐĞƚŚĞůĞǀĞůŽĨĐĂƌĞ͕ĚŝůŝŐĞŶĐĞ͕ĂŶĚƐŬŝůůƉƌĞƐĐƌŝďĞĚŝŶƚŚĞĐŽĚĞŽĨƉƌĂĐƚŝĐĞŽĨŚŝƐŽƌŚĞƌ ƉƌŽĨĞƐƐŝŽŶ͕ŽƌĂƐŽƚŚĞƌƉƌŽĨĞƐƐŝŽŶĂůƐŝŶƚŚĞƐĂŵĞĚŝƐĐŝƉůŝŶĞǁŽƵůĚŝŶƚŚĞƐĂŵĞŽƌƐŝŵŝůĂƌĐŝƌĐƵŵƐƚĂŶĐĞƐ͘dŚĞE'/EZ ƐŚĂůůĐŽŵƉůǇǁŝƚŚƚŚĞĨŽůůŽǁŝŶŐ͗ ϭ͘ůůĐƵƌƌĞŶƚĂƉƉůŝĐĂďůĞĨĞĚĞƌĂů͕ƐƚĂƚĞ͕ĂŶĚůŽĐĂůůĂǁƐ͕ŽƌĚŝŶĂŶĐĞƐ͕ƌƵůĞƐ͕ĂŶĚƌĞŐƵůĂƚŝŽŶƐ͘ Ϯ͘ůůĐƵƌƌĞŶƚƐƚĂƚĞƐƚĂŶĚĂƌĚƐ͕ƉŽůŝĐŝĞƐ͕ĂŶĚƉƌĂĐƚŝĐĞƐƌĞƋƵŝƌĞĚďǇĂƉƉůŝĐĂďůĞůĂǁƚŽƉĞƌĨŽƌŵE'/EZ͛ƐƐĞƌǀŝĐĞƐ͘ E'/EZǁŝůůŶŽƚƌĞĐĞŝǀĞƉĂǇŵĞŶƚĨŽƌǁŽƌŬƉĞƌĨŽƌŵĞĚŝŶǀŝŽůĂƚŝŽŶŽĨĨĞĚĞƌĂů͕ƐƚĂƚĞ͕ŽƌůŽĐĂůůĂǁƐ͕ŽƌĚŝŶĂŶĐĞƐ͕ƌƵůĞƐ͕Žƌ % ƌĞŐƵůĂƚŝŽŶƐ͘ ůůĚĞůŝǀĞƌĂďůĞƐĐŽǀĞƌĞĚďǇƉƌŽŐƌĞƐƐƉĂǇŵĞŶƚƐŵĂĚĞďǇ/dzǁŝůůďĞĐŽŵĞƚŚĞƐŽůĞƉƌŽƉĞƌƚǇŽĨ/dz͘dŚŝƐƉƌŽǀŝƐŝŽŶŵƵƐƚ & ŶŽƚďĞĐŽŶƐƚƌƵĞĚĂƐƌĞůŝĞǀŝŶŐE'/EZĨƌŽŵƐŽůĞƌĞƐƉŽŶƐŝďŝůŝƚǇĨŽƌƐĞƌǀŝĐĞƐĂŶĚĚĞůŝǀĞƌĂďůĞƐƵƉŽŶǁŚŝĐŚƉĂǇŵĞŶƚƐŚĂǀĞ ďĞĞŶŵĂĚĞŽƌƚŚĞƌĞƐƚŽƌĂƚŝŽŶŽĨĂŶǇĚĂŵĂŐĞĚǁŽƌŬŽƌĂƐǁĂŝǀŝŶŐƚŚĞƌŝŐŚƚŽĨ/dzƚŽƌĞƋƵŝƌĞƚŚĞĨƵůĨŝůůŵĞŶƚŽĨĂůůŽĨƚŚĞ ƚĞƌŵƐŽĨƚŚŝƐŽŶƚƌĂĐƚ͘/ĨƚŚĞ/dzƵƐĞƐƚŚĞE'/EZ͛ƐĚĞůŝǀĞƌĂďůĞƐŝŶĂŵĂŶŶĞƌďĞǇŽŶĚƚŚĞƐĐŽƉĞŽĨƚŚŝƐĐŽŶƚƌĂĐƚ͕ŝƚ ƐŚĂůůŝŶĚĞŵŶŝĨǇE'/EZĨŽƌĐůĂŝŵƐƌĞƐƵůƚŝŶŐĨƌŽŵƚŚŝƐƌĞƵƐĞ͘dŚĞ/dzŐƌĂŶƚƐE'/EZĂŶŽŶͲĞǆĐůƵƐŝǀĞůŝĐĞŶƐĞ͕ƚŽƚŚĞ ĞǆƚĞŶƚŽĨƚŚĞ/dz͛ƐƌŝŐŚƚƐŝŶƐƵĐŚĚĂƚĂ͕ƚŽƵƐĞƚŚĞE'/EZĂƚĂĨŽƌŽƚŚĞƌƉƵƌƉŽƐĞƐ͘ EŽƚŚŝŶŐŝŶƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚďĞĐŽŶƐƚƌƵĞĚŝŶĂŶǇǁĂǇƚŽƌĞůŝĞǀĞE'/EZĨƌŽŵŝƚƐŽďůŝŐĂƚŝŽŶƚŽĐŽŵƉůĞƚĞƚŚĞƐĞƌǀŝĐĞƐ ' ĂŶĚͬŽƌĚĞůŝǀĞƌĂďůĞƐĚĞƐĐƌŝďĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚĨŽƌĂƐƵŵŶŽƚƚŽĞǆĐĞĞĚƚŚĂƚŝƐƐĞƚĨŽƌƚŚŝŶƚŚĞ^ƉĞĐŝĂůŽŶĚŝƚŝŽŶƐ͘ E'/EZŝƐŶŽƚĂƵƚŚŽƌŝǌĞĚƚŽĚŝƌĞĐƚƚŚĞǁŽƌŬŽĨŽŶƚƌĂĐƚŽƌ͕ƵŶůĞƐƐŝƚǇŝƐŐŝǀĞŶƐƵĐŚĂƵƚŚŽƌŝƚǇ͕ŝŶǁƌŝƚŝŶŐ͕ďǇKǁŶĞƌ͘ ( E'/EZĐŽŵŵƵŶŝĐĂƚŝŽŶƐŚĂůůďĞĚŝƌĞĐƚůǇǁŝƚŚKǁŶĞƌ͛ƐƌĞƉƌĞƐĞŶƚĂƚŝǀĞ;ŽŶƐƚƌƵĐƚŝŽŶĨŽƌĞŵĞŶŽƌƐƵƉĞƌŝŶƚĞŶĚĞŶƚŽƌ ŽƚŚĞƌŵĞŵďĞƌŝĚĞŶƚŝĨŝĞĚĂƐWƌŽũĞĐƚDĂŶĂŐĞƌͿ͕ĂŶĚƚŽŝƚǇŶŐŝŶĞĞƌŽƌŚŝƐĚĞƐŝŐŶĞĞ͘ ^^/'EDEd $57,&/(ŝƐ ŽŶƚƌĂĐƚ͘ ĐŽƉǇŽĨĂŶǇĂŶĚĂůůƐƵďĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚƐŵƵƐƚďĞƐĞŶƚƚŽƚŚĞ/dz͛ƐƵƚŚŽƌŝǌĞĚŐĞŶƚĂĨƚĞƌĞǆĞĐƵƚŝŽŶŽĨƚŚĞƐƵď % ĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚĂŶĚƉƌŝŽƌƚŽǁŽƌŬƐƚĂƌƚŝŶŐƵŶĚĞƌƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚĐŽŶƚƌĂĐƚ͘ DEDEd^͕,E'KZZ^͕DZ'Z͕KhEdZWZd^͕Et/sZ $57,&/( ŵĞŶĚŵĞŶƚƐƚŽƚŚŝƐŽŶƚƌĂĐƚǁŝůůďĞĐŽŶƐŝĚĞƌĞĚŽŶůǇĨŽƌƵŶĨŽƌĞƐĞĞŶǁŽƌŬŽƌƐĞƌǀŝĐĞƐƚŚĂƚǁĞƌĞĞǆĐůƵĚĞĚŝŶƚŚĞ^ĐŽƉĞŽĨ $ tŽƌŬ͕ĞŶƚŝƚůĞĚ͞ĞƚĂŝůĞĚ^ĐŽƉĞŽĨtŽƌŬ͕͟ĂŶĚƚŚĂƚĂƌĞĐŽŶƐŝĚĞƌĞĚĞƐƐĞŶƚŝĂůƚŽƚŚĞǁŽƌŬ͘ŶǇǁƌŝƚƚĞŶĐůĂŝŵŵĂĚĞďǇ E'/EZĨŽƌĞǆƚƌĂǁŽƌŬŽƌĐŽƐƚƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚƚŚĂƚŚĂƐďĞĞŶĂƉƉƌŽǀĞĚďǇƚŚĞ/dzΖƐƵƚŚŽƌŝǌĞĚŐĞŶƚŵƵƐƚďĞ ĞǀŝĚĞŶĐĞĚďǇĂŶĂŵĞŶĚŵĞŶƚƚŽƚŚŝƐŽŶƚƌĂĐƚ͘ŵĞŶĚŵĞŶƚƐŵƵƐƚďĞŝŶǁƌŝƚŝŶŐĂŶĚĞǆĞĐƵƚĞĚĂŶĚĂƉƉƌŽǀĞĚďǇƚŚĞƐĂŵĞ ƉĂƌƚŝĞƐĂŶĚŽĨĨŝĐŝĂůƐǁŚŽĞǆĞĐƵƚĞĚĂŶĚĂƉƉƌŽǀĞĚƚŚĞŽƌŝŐŝŶĂůŽŶƚƌĂĐƚ͕ŽƌƚŚĞŝƌƐƵĐĐĞƐƐŽƌƐŝŶŽĨĨŝĐĞ͘E'/EZŵƵƐƚŶŽƚŝĨǇ /dz͛ƐWƌŽũĞĐƚDĂŶĂŐĞƌŝŶǁƌŝƚŝŶŐŝĨE'/EZǁŝůůďĞĚĞůĂǇĞĚŝŶĂŶǇǁĂǇĨƌŽŵĐŽŵƉůĞƚŝŶŐƚŚĞƉƌŽũĞĐƚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘ dŚĞǁŽƌŬƚŽďĞĚŽŶĞŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚŵĂǇďĞĐŚĂŶŐĞĚĂƚƚŚĞƌĞƋƵĞƐƚŽĨ/dz͕ǁŝƚŚƚŚĞŵƵƚƵĂůĐŽŶĐƵƌƌĞŶĐĞ % ŽĨE'/EZ͘ŶǇĐŚĂŶŐĞǁŝůůďĞĐůĞĂƌůǇĂŶĚĨƵůůǇĚĞĨŝŶĞĚŝŶǁƌŝƚŝŶŐ͕ĂŶĚĂƉƉƌŽǀĞĚďǇďŽƚŚƉĂƌƚŝĞƐ͘ŚĂŶŐĞŽƌĚĞƌƐŵƵƐƚ ďĞĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĞďĂƐŝĐƉƵƌƉŽƐĞŽĨƚŚŝƐŽŶƚƌĂĐƚĂŶĚǁŝƚŚŝŶƚŚĞŐĞŶĞƌĂů^ĐŽƉĞŽĨ^ĞƌǀŝĐĞƐŝĚĞŶƚŝĨŝĞĚŝŶƚŚĞ^ƉĞĐŝĂů ŽŶĚŝƚŝŽŶƐ͘ dŚŝƐŽŶƚƌĂĐƚĐŽŶƐƚŝƚƵƚĞƐƚŚĞĞŶƚŝƌĞĂŐƌĞĞŵĞŶƚďĞƚǁĞĞŶƚŚĞƉĂƌƚŝĞƐ͘EŽǁĂŝǀĞƌ͕ĐŽŶƐĞŶƚ͕ŵŽĚŝĨŝĐĂƚŝŽŶŽƌĐŚĂŶŐĞŽĨƚĞƌŵƐ & ŽĨƚŚŝƐŽŶƚƌĂĐƚƐŚĂůůďŝŶĚĞŝƚŚĞƌƉĂƌƚǇƵŶůĞƐƐŝŶǁƌŝƚŝŶŐĂŶĚƐŝŐŶĞĚďǇďŽƚŚƉĂƌƚŝĞƐ͘^ƵĐŚǁĂŝǀĞƌ͕ĐŽŶƐĞŶƚ͕ŵŽĚŝĨŝĐĂƚŝŽŶŽƌ ĐŚĂŶŐĞ͕ŝĨŵĂĚĞ͕ƐŚĂůůďĞĞĨĨĞĐƚŝǀĞŽŶůǇŝŶƚŚĞƐƉĞĐŝĨŝĐŝŶƐƚĂŶĐĞĂŶĚĨŽƌƚŚĞƐƉĞĐŝĨŝĐƉƵƌƉŽƐĞŐŝǀĞŶ͘dŚĞƌĞĂƌĞŶŽ ƵŶĚĞƌƐƚĂŶĚŝŶŐƐ͕ĂŐƌĞĞŵĞŶƚƐŽƌƌĞƉƌĞƐĞŶƚĂƚŝŽŶƐ͕ŽƌĂůŽƌǁƌŝƚƚĞŶ͕ŶŽƚƐƉĞĐŝĨŝĞĚŚĞƌĞŝŶƌĞŐĂƌĚŝŶŐƚŚŝƐŽŶƚƌĂĐƚ͘E'/EZ͕ ďǇƚŚĞƐŝŐŶĂƚƵƌĞďĞůŽǁŽĨŝƚƐĂƵƚŚŽƌŝǌĞĚƌĞƉƌĞƐĞŶƚĂƚŝǀĞ͕ŚĞƌĞďǇĂĐŬŶŽǁůĞĚŐĞƐƚŚĂƚƚŚĞE'/EZŚĂƐƌĞĂĚƚŚŝƐŽŶƚƌĂĐƚ͕ ƵŶĚĞƌƐƚĂŶĚƐŝƚĂŶĚĂŐƌĞĞƐƚŽďĞďŽƵŶĚďǇŝƚƐƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐ͘ dŚŝƐŽŶƚƌĂĐƚŵĂǇďĞĞǆĞĐƵƚĞĚŝŶŽŶĞŽƌŵŽƌĞĐŽƵŶƚĞƌƉĂƌƚƐ͕ĞĂĐŚŽĨǁŚŝĐŚƐŚĂůůďĞĚĞĞŵĞĚƚŽďĞĂŶŽƌŝŐŝŶĂů͕ďƵƚĂůůŽĨ ' ǁŚŝĐŚƚŽŐĞƚŚĞƌƐŚĂůůĐŽŶƐƚŝƚƵƚĞƚŚĞƐĂŵĞŽŶƚƌĂĐƚ͘ KDW>/Et/d,>/E^^͕WZD/d^͕EKd,ZZ'h>d/KE^ $57,&/( E'/EZƐŚĂůůƉƌŽĐƵƌĞĂůůůŝĐĞŶƐĞƐ͕ĐĞƌƚŝĨŝĐĂƚŝŽŶƐ͕ĞĚƵĐĂƚŝŽŶ͕ƉĞƌŵŝƚƐ͕ŽƌŽƚŚĞƌƌŝŐŚƚƐŶĞĐĞƐƐĂƌǇƚŽĨƵůĨŝůůŝƚƐŽďůŝŐĂƚŝŽŶƐ $ ƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚĂůůĂƉƉůŝĐĂďůĞĨĞĚĞƌĂůĂŶĚƐƚĂƚĞůĂǁƐ͘ dWZd/^E/Ed>>dh>WZKWZdz $57,&/( dŚĞDŝŶŶĞƐŽƚĂ'ŽǀĞƌŶŵĞŶƚĂƚĂWƌĂĐƚŝĐĞƐĐƚ͕DŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐŚĂƉƚĞƌϭϯ͕ĂƉƉůŝĞƐƚŽĂůůĚĂƚĂĐƌĞĂƚĞĚ͕ŐĂƚŚĞƌĞĚ͕ $ ŐĞŶĞƌĂƚĞĚ͕ŽƌĂĐƋƵŝƌĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐŽŶƚƌĂĐƚ͘ ŶǇƌĞƉŽƌƚƐ͕ƐƚƵĚŝĞƐ͕ƉŚŽƚŽŐƌĂƉŚƐ͕ŶĞŐĂƚŝǀĞƐ͕ŽƌŽƚŚĞƌĚŽĐƵŵĞŶƚƐĐƌĞĂƚĞĚĂŶĚƉĂŝĚĨŽƌďǇE'/EZŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞ % ŽĨŝƚƐŽďůŝŐĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚĂƌĞŝŶƐƚƌƵŵĞŶƚƐŽĨƐĞƌǀŝĐĞŝŶƌĞƐƉĞĐƚƚŽE'/EZ͛ƐƐĞƌǀŝĐĞƐĂŶĚĂƌĞƚŚĞĞǆĐůƵƐŝǀĞ ƉƌŽƉĞƌƚǇŽĨ/dz͘E'/EZŵƵƐƚƌĞŵŝƚĂůůƐƵĐŚŵĂƚĞƌŝĂůƐƚŽ/dzƵƉŽŶĐŽŵƉůĞƚŝŽŶŽƌĐĂŶĐĞůůĂƚŝŽŶŽĨƚŚŝƐŽŶƚƌĂĐƚ͘dŚĞ /dzǁŝůůŝŶĚĞŵŶŝĨǇE'/EZĨŽƌĐůĂŝŵƐƌĞƐƵůƚŝŶŐĨƌŽŵĂŶǇƌĞƵƐĞŽĨƐƵĐŚŵĂƚĞƌŝĂůƐďĞǇŽŶĚƚŚĞƐĐŽƉĞŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ dŚĞŝƚǇƐŚĂůůŐƌĂŶƚƚŚĞE'/EZĂŶŽŶͲĞǆĐůƵƐŝǀĞůŝĐĞŶƐĞ͕ƚŽƚŚĞĞǆƚĞŶƚŽĨƚŚĞ/dzΖƐƌŝŐŚƚƐŝŶƐƵĐŚĚĂƚĂ͕ƚŽƵƐĞƚŚĞ E'/EZĂƚĂĨŽƌŽƚŚĞƌƉƵƌƉŽƐĞƐ͘E'/EZǁĂŝǀĞƐĂůůĐůĂŝŵƐĂŐĂŝŶƐƚƚŚĞ/dzƌĞƐƵůƚŝŶŐŝŶĂŶǇǁĂǇĨƌŽŵĂŶǇƌĞƵƐĞŽĨ ƚŚĞE'/EZ͘ hŶůĞƐƐŽƚŚĞƌǁŝƐĞĚŝƌĞĐƚĞĚďǇ/dz͕ƚŚĞŽƌŝŐŝŶĂůƐŽĨƌĞƉŽƌƚƐ͕ƚĞƐƚƐ͕ĚƌĂǁŝŶŐƐĂŶĚƉůĂŶƐ͖ĂŶĚůĞŐŝďůǇƌĞƉƌŽĚƵĐŝďůĞĐŽƉŝĞƐŽĨ & ǁŽƌŬƐŚĞĞƚƐ͕ĨŝĞůĚŶŽƚĞƐ͕ĐŽŵƉƵƚĂƚŝŽŶƐ͕ƉŚŽƚŽƐ͕ƚĞƐƚƌĞƐƵůƚƐ͕ĂŶĚŽƚŚĞƌƉƌŽũĞĐƚĚĂƚĂŵƵƐƚďĞƌĞůŝŶƋƵŝƐŚĞĚƚŽ/dz͗ ϭ͘hƉŽŶǁƌŝƚƚĞŶŶŽƚŝĐĞŽĨĐŽŵƉůĞƚŝŽŶŽƌĐĂŶĐĞůůĂƚŝŽŶŽĨƚŚŝƐŽŶƚƌĂĐƚ͘ Ϯ͘hƉŽŶǁƌŝƚƚĞŶŶŽƚŝĨŝĐĂƚŝŽŶďǇ/dz͘ ϯ͘WƌŝŽƌƚŽĨŝŶĂůƉĂǇŵĞŶƚďǇ/dzƚŽE'/EZĨŽƌƚŚŝƐŽŶƚƌĂĐƚ͘ ͘EŽƚǁŝƚŚƐƚĂŶĚŝŶŐƚŚĞĂďŽǀĞƉĂƌĂŐƌĂƉŚƐ͕ǁŽƌŬƉĂƉĞƌƐ͕ƉƌŽƉƌŝĞƚĂƌǇŝŶĨŽƌŵĂƚŝŽŶ͕ƉƌŽĐĞƐƐĞƐ͕ŵĞƚŚŽĚŽůŽŐŝĞƐ͕ŬŶŽǁͲŚŽǁĂŶĚ ƐŽĨƚǁĂƌĞ;͞E'/EZĂƚĂ͟ͿƉƌĞǀŝŽƵƐůǇďĞůŽŶŐŝŶŐŽƌůŝĐĞŶƐĞĚƚŽE'/EZĂŶĚƵƐĞĚƚŽƉĞƌĨŽƌŵE'/EZ͛ƐƐĞƌǀŝĐĞƐƐŚĂůů ƌĞŵĂŝŶƚŚĞƉƌŽƉĞƌƚǇŽĨE'/EZ͘E'/EZƐŚĂůůƌĞƚĂŝŶĂŶŽǁŶĞƌƐŚŝƉĂŶĚƉƌŽƉĞƌƚǇŝŶƚĞƌĞƐƚƚŚĞƌĞŝŶ;ŝŶĐůƵĚŝŶŐƚŚĞĐŽƉǇƌŝŐŚƚ ĂŶĚƚŚĞƌŝŐŚƚŽĨƌĞƵƐĞĂƚƚŚĞĚŝƐĐƌĞƚŝŽŶŽĨƚŚĞE'/EZͿ͕ǁŚĞƚŚĞƌŽƌŶŽƚƚŚĞWƌŽũĞĐƚŝƐĐŽŵƉůĞƚĞĚ͘dŽƚŚĞĞǆƚĞŶƚƚŚĞƐĞƌǀŝĐĞƐ ƉĞƌĨŽƌŵĞĚďǇE'/EZĐŽŶƚĂŝŶE'/EZĂƚĂ͕E'/EZŚĞƌĞďǇŐƌĂŶƚƐƚŽ/dzĂŶŽŶͲĞǆĐůƵƐŝǀĞ͕ŶŽŶͲĂƐƐŝŐŶĂďůĞ͕ƌŽǇĂůƚǇͲ ĨƌĞĞ͕ŝƌƌĞǀŽĐĂďůĞůŝĐĞŶƐĞƚŽƵƐĞƐƵĐŚE'/EZĂƚĂĨŽƌƚŚĞƉƵƌƉŽƐĞƐƐĞƚĨŽƌƚŚŚĞƌĞŝŶ͕ƐƵďũĞĐƚƚŽƚŚĞĨŽůůŽǁŝŶŐůŝŵŝƚĂƚŝŽŶƐ͗ ƐƵĐŚE'/EZĂƚĂĂƌĞŶŽƚŝŶƚĞŶĚĞĚŽƌƌĞƉƌĞƐĞŶƚĞĚƚŽďĞƐƵŝƚĂďůĞĨŽƌƵƐĞŽƌƌĞƵƐĞďǇ/dzŽŶĞǆƚĞŶƐŝŽŶŽĨƚŚĞWƌŽũĞĐƚŽƌ ŽŶĂŶǇŽƚŚĞƌƉƌŽũĞĐƚǁŝƚŚŽƵƚǁƌŝƚƚĞŶǀĞƌŝĨŝĐĂƚŝŽŶŽƌĂĚĂƉƚĂƚŝŽŶďǇE'/EZĂŶĚĂŶǇƐƵĐŚƌĞƵƐĞŽƌŵŽĚŝĨŝĐĂƚŝŽŶŽĨƚŚĞ E'/EZĂƚĂǁŝƚŚŽƵƚƚŚĞǁƌŝƚƚĞŶǀĞƌŝĨŝĐĂƚŝŽŶŽƌĂĚĂƉƚĂƚŝŽŶďǇE'/EZƐŚĂůůďĞĚŽŶĞĂƚ/dz͛ƐƐŽůĞƌŝƐŬĂŶĚǁŝƚŚŽƵƚ ůŝĂďŝůŝƚǇƚŽE'/EZ͘ >//>/dz $57,&/( 'ĞŶĞƌĂůͲ,ĂǀŝŶŐĐŽŶƐŝĚĞƌĞĚƚŚĞƉŽƚĞŶƚŝĂůůŝĂďŝůŝƚŝĞƐƚŚĂƚŵĂǇĞǆŝƐƚĚƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞ^ĞƌǀŝĐĞƐ͕ƚŚĞďĞŶĞĨŝƚƐ $ ŽĨƚŚĞƉƌŽũĞĐƚ͕ĂŶĚƚŚĞE'/EZ͛ƐĨĞĞĨŽƌƚŚĞ^ĞƌǀŝĐĞƐ͕ĂŶĚŝŶĐŽŶƐŝĚĞƌĂƚŝŽŶŽĨƚŚĞƉƌŽŵŝƐĞƐĐŽŶƚĂŝŶĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ /dzĂŶĚE'/EZĂŐƌĞĞƚŽĂůůŽĐĂƚĞĂŶĚůŝŵŝƚƐƵĐŚůŝĂďŝůŝƚŝĞƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚŝƐƌƚŝĐůĞ͘ /ŶĚĞŵŶŝĨŝĐĂƚŝŽŶͲE'/EZĂŶĚ/dz;ƚŚĞ͞/ŶĚĞŵŶŝĨǇŝŶŐWĂƌƚǇ͟ͿƐŚĂůůďĞůŝĂďůĞĨŽƌŝƚƐŽǁŶŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐĂŶĚ % ŽŵŝƐƐŝŽŶƐƚŽƚŚĞĞǆƚĞŶƚƉƌŽǀŝĚĞĚďǇůĂǁĂŶĚƐƵďũĞĐƚƚŽƚŚĞ/dz͛ƐĐĂƉŽŶŵƵŶŝĐŝƉĂůƚŽƌƚůŝĂďŝůŝƚǇƵŶĚĞƌDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐ ^ĞĐƚŝŽŶϰϲϲ͘Ϭϰ͕ĂŶĚŚĞƌĞďǇĂŐƌĞĞƐƚŽĚĞĨĞŶĚ͕ŝŶĚĞŵŶŝĨǇ͕ĂŶĚŚŽůĚŚĂƌŵůĞƐƐƚŚĞŽƚŚĞƌ;͞ƚŚĞ/ŶĚĞŵŶŝĨŝĞĚWĂƌƚǇ͟Ϳ͕ĨƌŽŵ ĂŶǇůŝĂďŝůŝƚǇ͕ĚĂŵĂŐĞƐ͕ĂŶĚĐŽƐƚƐĂƌŝƐŝŶŐĨƌŽŵƚŚĞŶĞŐůŝŐĞŶƚĂĐƚƐŽĨE'/EZĂŶĚ/dzĂŶĚĂŶǇŽŶĞĨŽƌǁŚŽƐĞŶĞŐůŝŐĞŶƚ ĂĐƚƐƚŚĞǇŵĂǇďĞůŝĂďůĞĨŽƌŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƉƌŽĨĞƐƐŝŽŶĂůƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚŝĐŚƚŚĞ/ŶĚĞŵŶŝĨŝĞĚ WĂƌƚǇ͕ŝƚƐŽĨĨŝĐĞƌƐĂŶĚĞŵƉůŽǇĞĞƐŵĂǇŚĞƌĞĂĨƚĞƌƐƵƐƚĂŝŶ͕ŝŶĐƵƌŽƌďĞƌĞƋƵŝƌĞĚƚŽƉĂǇƚŽƚŚĞĨƵůůĞĨĨĞĐƚƉƌŽǀŝĚĞĚďǇ DŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐŚĂƉƚĞƌϯϯϳ͕ƚŽƚŚĞĞǆƚĞŶƚƚŚĞE'/EZĂŶĚ/dzĂƌĞƌĞƐƉŽŶƐŝďůĞĨŽƌƐƵĐŚůŝĂďŝůŝƚǇ͕ĐŽƐƚƐ͕ĚĂŵĂŐĞƐ͕ ŝŶĐůƵĚŝŶŐƌĞĂƐŽŶĂďůĞĂƚƚŽƌŶĞǇƐ͛ĨĞĞƐ͘/ŶƚŚĞĞǀĞŶƚĐůĂŝŵƐ͕ůŽƐƐĞƐ͕ĚĂŵĂŐĞƐ͕ŽƌĞǆƉĞŶƐĞƐĂƌĞĐĂƵƐĞĚďǇƚŚĞũŽŝŶƚŽƌ ĐŽŶĐƵƌƌĞŶƚŶĞŐůŝŐĞŶĐĞŽĨE'/EZĂŶĚ/dz͕ƚŚĞǇƐŚĂůůďĞďŽƌŶĞďǇĞĂĐŚƉĂƌƚǇŝŶƉƌŽƉŽƌƚŝŽŶƚŽŝƚƐŽǁŶŶĞŐůŝŐĞŶĐĞ͘ ^ƵƌǀŝǀĂůͲhƉŽŶĐŽŵƉůĞƚŝŽŶŽĨĂůůƐĞƌǀŝĐĞƐ͕ŽďůŝŐĂƚŝŽŶƐ͕ĂŶĚĚƵƚŝĞƐƉƌŽǀŝĚĞĚĨŽƌŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ŽƌŝĨƚŚŝƐŽŶƚƌĂĐƚŝƐ & ƚĞƌŵŝŶĂƚĞĚĨŽƌĂŶǇƌĞĂƐŽŶ͕ƚŚĞƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŽĨƚŚŝƐƌƚŝĐůĞƐŚĂůůƐƵƌǀŝǀĞ͘ tKZ<Z^ΖKDWE^d/KE $57,&/( ŶǇĂŶĚĂůůĞŵƉůŽǇĞĞƐŽĨE'/EZ͕ŝŶĐůƵĚŝŶŐŝƚƐƐƵďĐŽŶƐƵůƚĂŶƚƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶƐǁŚŝůĞĞŶŐĂŐĞĚŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨ $ ĂŶǇǁŽƌŬŽƌƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚďǇE'/EZƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͕ǁŝůůŶŽƚďĞĐŽŶƐŝĚĞƌĞĚĞŵƉůŽǇĞĞƐŽĨ/dz͘ŶǇĂŶĚĂůů ĐůĂŝŵƐƚŚĂƚŵĂǇĂƌŝƐĞƵŶĚĞƌƚŚĞtŽƌŬĞƌƐΖŽŵƉĞŶƐĂƚŝŽŶĐƚŽĨDŝŶŶĞƐŽƚĂŽŶďĞŚĂůĨŽĨƐĂŝĚĞŵƉůŽǇĞĞƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶƐ ǁŚŝůĞƐŽĞŶŐĂŐĞĚ͕ĂŶĚĂŶǇĂŶĚĂůůĐůĂŝŵƐŵĂĚĞďǇĂŶǇƚŚŝƌĚƉĂƌƚǇĂƐĂĐŽŶƐĞƋƵĞŶĐĞŽĨĂŶǇĂĐƚŽƌŽŵŝƐƐŝŽŶŽŶƚŚĞƉĂƌƚŽĨ E'/EZΖƐĞŵƉůŽǇĞĞƐ͕ŽƌŽƚŚĞƌƉĞƌƐŽŶǁŚŝůĞƐŽĞŶŐĂŐĞĚŽŶĂŶǇŽĨƚŚĞǁŽƌŬŽƌƐĞƌǀŝĐĞƐƚŽďĞƌĞŶĚĞƌĞĚ͕ǁŝůůŝŶŶŽǁĂǇ ďĞƚŚĞŽďůŝŐĂƚŝŽŶŽƌƌĞƐƉŽŶƐŝďŝůŝƚǇŽĨ/dz͘WƵƌƐƵĂŶƚƚŽDŝŶŶĞƐŽƚĂ^ƚĂƚƵƚĞƐϭϳϲ͘ϭϴϮ͕ĂĐĐĞƉƚĂďůĞĞǀŝĚĞŶĐĞŽĨĐŽŵƉůŝĂŶĐĞ ǁŝƚŚtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞƌĞƋƵŝƌĞŵĞŶƚƐŵƵƐƚďĞƉƌĞƐĞŶƚĞĚƚŽ/dzďĞĨŽƌĞ/dzŵĂǇĞŶƚĞƌŝŶƚŽĂ ĐŽŶƚƌĂĐƚǁŝƚŚE'/EZ͘ KE^ $57,&/( dŚŝƐƌƚŝĐůĞŝƐŚĞƌĞďǇĚĞůĞƚĞĚ͘ /E^hZE $57,&/( ĐĞƌƚŝĨŝĐĂƚĞŽĨŝŶƐƵƌĂŶĐĞĨŽƌĞĂĐŚƚǇƉĞŽĨŝŶƐƵƌĂŶĐĞƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŵƵƐƚďĞĨŝůĞĚǁŝƚŚƚŚĞ/dz͛ƐƵƚŚŽƌŝǌĞĚ $ ŐĞŶƚƉƌŝŽƌƚŽĞǆĞĐƵƚŝŽŶŽĨƚŚĞŽŶƚƌĂĐƚďǇŝƚǇ͘ĂĐŚƉŽůŝĐǇŵƵƐƚĐŽŶƚĂŝŶĂƌĞƋƵŝƌĞŵĞŶƚƚŚĂƚƚŚĞŝŶƐƵƌĞƌƉƌŽǀŝĚĞƚŚĞ /dzĂϯϬͲĚĂǇŶŽƚŝĐĞŽĨĐĂŶĐĞůůĂƚŝŽŶ͘ E'/EZŵƵƐƚŵĂŝŶƚĂŝŶĂŶĚĨƵƌŶŝƐŚƐĂƚŝƐĨĂĐƚŽƌǇĞǀŝĚĞŶĐĞŽĨƚŚĞĨŽůůŽǁŝŶŐŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐ͗ % ϭ͘E'/EZƐŚĂůůƉƌŽĐƵƌĞĂŶĚŵĂŝŶƚĂŝŶĨŽƌƚŚĞƚĞƌŵŽĨƚŚĞŽŶƚƌĂĐƚ͕ŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞĂƐŝƐƌĞĂƐŽŶĂďůĞĂŶĚŶĞĐĞƐƐĂƌǇ ĨŽƌƉĞƌĨŽƌŵĞĚƐĞƌǀŝĐĞƐďǇE'/EZĂŶĚŝƚƐĞŵƉůŽǇĞĞƐ͘ Ϯ͘dŚĞE'/EZƐŚĂůůďĞƌĞƐƉŽŶƐŝďůĞĨŽƌŽďƚĂŝŶŝŶŐƐĞƉĂƌĂƚĞĐĞƌƚŝĨŝĐĂƚĞƐĂŶĚĞŶĚŽƌƐĞŵĞŶƚƐĨŽƌĞĂĐŚƐƵďĐŽŶƐƵůƚĂŶƚ͘ E'/EZƐŚĂůůĚĞƚĞƌŵŝŶĞƚŚĞĂƉƉƌŽƉƌŝĂƚĞůĞǀĞůŽĨŝŶƐƵƌĂŶĐĞĐŽǀĞƌĂŐĞĂŶĚůŝŵŝƚƐĨƌŽŵŝƚƐƐƵďĐŽŶƐƵůƚĂŶƚƐ͘ ϯ͘tŽƌŬĞƌƐΖŽŵƉĞŶƐĂƚŝŽŶ/ŶƐƵƌĂŶĐĞ͗E'/EZǁŝůůƉƌŽǀŝĚĞtŽƌŬĞƌƐ͛ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞĨŽƌĂůůE'/EZ ĞŵƉůŽǇĞĞƐĂŶĚ͕ŝŶĐĂƐĞĂŶǇǁŽƌŬŝƐƐƵďĐŽŶƚƌĂĐƚĞĚ͕E'/EZǁŝůůƌĞƋƵŝƌĞƚŚĞƐƵďĐŽŶƐƵůƚĂŶƚƚŽƉƌŽǀŝĚĞtŽƌŬĞƌƐ͛ ŽŵƉĞŶƐĂƚŝŽŶŝŶƐƵƌĂŶĐĞŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞƐƚĂƚƵƚŽƌǇƌĞƋƵŝƌĞŵĞŶƚƐŽĨ/dzŽĨDŝŶŶĞƐŽƚĂ͕ĂŶĚŝŶĐůƵĚŝŶŐŽǀĞƌĂŐĞ ͕ŵƉůŽǇĞƌ͛Ɛ>ŝĂďŝůŝƚǇ͕ĂƚůŝŵŝƚƐŶŽƚůĞƐƐƚŚĂŶΨϭϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůǇŝŶũƵƌǇďǇĚŝƐĞĂƐĞƉĞƌĞŵƉůŽǇĞĞ͖ΨϱϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůǇ ŝŶũƵƌǇďǇĚŝƐĞĂƐĞĂŐŐƌĞŐĂƚĞ͖ĂŶĚΨϭϬϬ͕ϬϬϬ͘ϬϬďŽĚŝůǇŝŶũƵƌǇďǇĂĐĐŝĚĞŶƚ͘ǀŝĚĞŶĐĞŽĨƐƵďĐŽŶƐƵůƚĂŶƚ͚ƐŝŶƐƵƌĂŶĐĞƐŚĂůů ďĞĨŝůĞĚǁŝƚŚƚŚĞE'/EZ͘ ϰ͘ŽŵŵĞƌĐŝĂů'ĞŶĞƌĂů>ŝĂďŝůŝƚǇ͗E'/EZǁŝůůŵĂŝŶƚĂŝŶŝŶƐƵƌĂŶĐĞƉƌŽƚĞĐƚŝŶŐE'/EZĨƌŽŵĐůĂŝŵƐĨŽƌĚĂŵĂŐĞƐĨŽƌ ďŽĚŝůǇŝŶũƵƌǇ͕ŝŶĐůƵĚŝŶŐƐŝĐŬŶĞƐƐŽƌĚŝƐĞĂƐĞ͕ĚĞĂƚŚ͕ĂŶĚĨŽƌĐĂƌĞĂŶĚůŽƐƐŽĨƐĞƌǀŝĐĞƐĂƐǁĞůůĂƐĨƌŽŵĐůĂŝŵƐĨŽƌƉƌŽƉĞƌƚǇ ĚĂŵĂŐĞŝŶĐůƵĚŝŶŐůŽƐƐŽĨƵƐĞǁŚŝĐŚŵĂǇĂƌŝƐĞĨƌŽŵŽƉĞƌĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚĞƚŚĞƌƐƵĐŚŽƉĞƌĂƚŝŽŶƐďĞďǇ E'/EZŽƌďǇĂƐƵďĐŽŶƐƵůƚĂŶƚŽƌďǇĂŶǇŽŶĞĚŝƌĞĐƚůǇŽƌŝŶĚŝƌĞĐƚůǇĞŵƉůŽǇĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘E'/EZ͛Ɛ ůŝĂďŝůŝƚǇŝŶƐƵƌĂŶĐĞƐŚĂůůďĞƉƌŝŵĂƌǇƚŽĂŶǇůŝĂďŝůŝƚǇŝŶƐƵƌĂŶĐĞŵĂŝŶƚĂŝŶĞĚďǇƚŚĞŝƚǇ͘hŶůĞƐƐŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶ ƚŚŝƐŽŶƚƌĂĐƚ͕E'/EZ͛ƐŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌŽĐĐƵƌƌĞŶĐĞ D Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲĂŶŶƵĂůĂŐŐƌĞŐĂƚĞ E /ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĨŽůůŽǁŝŶŐĐŽǀĞƌĂŐĞƐƐŚŽƵůĚďĞŝŶĐůƵĚĞĚ͗ ŽĚŝůǇ/ŶũƵƌǇĂŶĚWƌŽƉĞƌƚǇĂŵĂŐĞ D WƌŽĚƵĐƚƐĂŶĚŽŵƉůĞƚĞĚKƉĞƌĂƚŝŽŶƐ>ŝĂďŝůŝƚǇ E ůĂŶŬĞƚŽŶƚƌĂĐƚƵĂů>ŝĂďŝůŝƚǇ F EĂŵĞ/dzĂƐĂŶĚĚŝƚŝŽŶĂů/ŶƐƵƌĞĚ G ϱ͘ŽŵŵĞƌĐŝĂůƵƚŽŵŽďŝůĞ>ŝĂďŝůŝƚǇ͗E'/EZǁŝůůŵĂŝŶƚĂŝŶŝŶƐƵƌĂŶĐĞƉƌŽƚĞĐƚŝŶŐE'/EZĨƌŽŵĐůĂŝŵƐĨŽƌĚĂŵĂŐĞƐ ĨŽƌďŽĚŝůǇŝŶũƵƌǇ͕ŝŶĐůƵĚŝŶŐƐŝĐŬŶĞƐƐŽƌĚŝƐĞĂƐĞ͕ĚĞĂƚŚ͕ĂŶĚĨŽƌĐĂƌĞĂŶĚůŽƐƐŽĨƐĞƌǀŝĐĞƐ͕ĂƐǁĞůůĂƐĨƌŽŵĐůĂŝŵƐĨŽƌ ƉƌŽƉĞƌƚǇĚĂŵĂŐĞŝŶĐůƵĚŝŶŐůŽƐƐŽĨƵƐĞǁŚŝĐŚŵĂǇĂƌŝƐĞĨƌŽŵŽƉĞƌĂƚŝŽŶƐƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚǁŚĞƚŚĞƌƐƵĐŚŽƉĞƌĂƚŝŽŶƐ ǁĞƌĞďǇE'/EZŽƌďǇƐƵďĐŽŶƐƵůƚĂŶƚŽƌďǇĂŶǇŽŶĞĚŝƌĞĐƚůǇŽƌŝŶĚŝƌĞĐƚůǇĞŵƉůŽǇĞĚƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚ͘hŶůĞƐƐ ŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕ƚŚĞE'/EZŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌŽĐĐƵƌƌĞŶĐĞŽŵďŝŶĞĚ^ŝŶŐůĞůŝŵŝƚĨŽƌŽĚŝůǇ/ŶũƵƌǇĂŶĚWƌŽƉĞƌƚǇĂŵĂŐĞ /ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĨŽůůŽǁŝŶŐĐŽǀĞƌĂŐĞƐƐŚŽƵůĚďĞŝŶĐůƵĚĞĚ͗ KǁŶĞĚ͕,ŝƌĞĚ͕ĂŶĚEŽŶͲŽǁŶĞĚ EĂŵĞ/dzĂƐĂŶĚĚŝƚŝŽŶĂů/ŶƐƵƌĞĚ ϲ͘WƌŽĨĞƐƐŝŽŶĂů>ŝĂďŝůŝƚǇ/ŶƐƵƌĂŶĐĞ͗ hŶůĞƐƐŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚǁŝƚŚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕E'/EZŝŶƐƵƌĂŶĐĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐǁŝůůďĞĂƐĨŽůůŽǁƐ͗ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲƉĞƌĐůĂŝŵ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ϬϬͲĂŶŶƵĂůĂŐŐƌĞŐĂƚĞ dŚŝƐƉŽůŝĐǇǁŝůůƉƌŽǀŝĚĞĐŽǀĞƌĂŐĞĨŽƌĂůůĐůĂŝŵƐE'/EZǁŝůůďĞĐŽŵĞůĞŐĂůůǇŽďůŝŐĂƚĞĚƚŽƉĂǇƌĞƐƵůƚŝŶŐĨƌŽŵĂŶǇ ĂĐƚƵĂůŽƌĂůůĞŐĞĚŶĞŐůŝŐĞŶƚĂĐƚ͕ĞƌƌŽƌ͕ŽƌŽŵŝƐƐŝŽŶƌĞůĂƚĞĚƚŽE'/EZΖƐƉƌŽĨĞƐƐŝŽŶĂůƐĞƌǀŝĐĞƐƌĞƋƵŝƌĞĚƵŶĚĞƌƚŚŝƐ ŽŶƚƌĂĐƚ͘ E'/EZŵƵƐƚ͗ & ϭ͘/ŶĐůƵĚĞůĞŐĂůĚĞĨĞŶƐĞĨĞĞƐŝŶĂĚĚŝƚŝŽŶƚŽŝƚƐůŝĂďŝůŝƚǇƉŽůŝĐǇůŝŵŝƚƐ͕ǁŝƚŚƚŚĞĞǆĐĞƉƚŝŽŶŽĨWƌŽĨĞƐƐŝŽŶĂů>ŝĂďŝůŝƚǇ/ŶƐƵƌĂŶĐĞ ĂďŽǀĞ͖ĂŶĚ Ϯ͘KďƚĂŝŶŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐĨƌŽŵĂŶŝŶƐƵƌĂŶĐĞĐŽŵƉĂŶǇŚĂǀŝŶŐĂŶΗD^dΗƌĂƚŝŶŐŽĨͲs///ŽƌďĞƚƚĞƌ͘ /dzƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽŝŵŵĞĚŝĂƚĞůǇƌĞƐĐŝŶĚƚŚŝƐŽŶƚƌĂĐƚŝĨE'/EZŝƐŶŽƚŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚƚŚĞŝŶƐƵƌĂŶĐĞ ' ƌĞƋƵŝƌĞŵĞŶƚƐĂŶĚƌĞƚĂŝŶƐĂůůƌŝŐŚƚƐƚŽƉƵƌƐƵĞĂŶǇůĞŐĂůƌĞŵĞĚŝĞƐĂŐĂŝŶƐƚE'/EZ͘hƉŽŶǁƌŝƚƚĞŶƌĞƋƵĞƐƚďǇƚŚĞ/dzΖƐ ƵƚŚŽƌŝǌĞĚŐĞŶƚ͕ĂůůŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐƐŚĂůůďĞŽƉĞŶƚŽŝŶƐƉĞĐƚŝŽŶ͕ĂŶĚĐŽƉŝĞƐŽĨƉŽůŝĐŝĞƐŵĂǇďĞƌĞƋƵĞƐƚĞĚ͘ >/sZ>^dEZ^ $57,&/( /dzǁŝůůŚĂǀĞƚŚĞĂƵƚŚŽƌŝƚǇƚŽĚŝƐĂƉƉƌŽǀĞŽƌƌĞũĞĐƚƐĞƌǀŝĐĞƐŽƌĚĞůŝǀĞƌĂďůĞƐƚŚĂƚĂƌĞĚĞĨĞĐƚŝǀĞ͘E'/EZǁŝůůďĞ $ ƌĞƐƉŽŶƐŝďůĞĨŽƌƚŚĞĂĐĐƵƌĂĐǇŽĨŝƚƐǁŽƌŬƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚĂŶĚŵƵƐƚŵĂŬĞƚŝŵĞůǇƌĞǀŝƐŝŽŶƐŽƌĐŽƌƌĞĐƚŝŽŶƐǁŝƚŚŽƵƚ ĐŽŵƉĞŶƐĂƚŝŽŶƌĞƐƵůƚŝŶŐĨƌŽŵĞƌƌŽƌƐĂŶĚŽŵŝƐƐŝŽŶƐŽŶƚŚĞƉĂƌƚŽĨE'/EZ͘dŚĞƐĞƌǀŝĐĞƐŽƌĚĞůŝǀĞƌĂďůĞƐƉƌŽǀŝĚĞĚƚŽ/dz ďǇE'/EZŵƵƐƚďĞŽĨƐƵĐŚƋƵĂůŝƚǇƚŚĂƚƚŚĞǇĂƌĞƐƵŝƚĂďůĞĨŽƌƚŚĞŝƌŝŶƚĞŶĚĞĚƉƵƌƉŽƐĞ͘ E'/EZ͛ƐƐĞƌǀŝĐĞƐĂŶĚĐŽŵƉĞŶƐĂƚŝŽŶƵŶĚĞƌƚŚŝƐŽŶƚƌĂĐƚŚĂǀĞďĞĞŶĂŐƌĞĞĚƚŽŝŶĂŶƚŝĐŝƉĂƚŝŽŶŽĨƚŚĞŽƌĚĞƌůǇĂŶĚ % ĐŽŶƚŝŶƵŽƵƐƉƌŽŐƌĞƐƐŽĨƚŚĞWƌŽũĞĐƚƚŚŽƵŐŚĐŽŵƉůĞƚŝŽŶ͘hŶůĞƐƐƐƉĞĐŝĨŝĐƉĞƌŝŽĚƐŽĨƚŝŵĞŽƌƐƉĞĐŝĨŝĐĚĂƚĞƐĨŽƌƉƌŽǀŝĚŝŶŐ ƐĞƌǀŝĐĞƐĂƌĞƐƉĞĐŝĨŝĞĚŝŶƚŚŝƐŽŶƚƌĂĐƚ͕E'/EZ͛ƐŽďůŝŐĂƚŝŽŶƚŽƌĞŶĚĞƌƐĞƌǀŝĐĞƐŚĞƌĞƵŶĚĞƌǁŝůůďĞĨŽƌĂƉĞƌŝŽĚǁŚŝĐŚŵĂǇ ƌĞĂƐŽŶĂďůǇďĞƌĞƋƵŝƌĞĨŽƌƚŚĞĐŽŵƉůĞƚŝŽŶŽĨƐĂŝĚƐĞƌǀŝĐĞƐ͘ /ĨŝŶƚŚŝƐŽŶƚƌĂĐƚƐƉĞĐŝĨŝĐƉĞƌŝŽĚƐŽĨƚŝŵĞĨŽƌƌĞŶĚĞƌŝŶŐƐĞƌǀŝĐĞƐĂƌĞƐĞƚĨŽƌƚŚŽƌƐƉĞĐŝĨŝĐĚĂƚĞƐďǇǁŚŝĐŚƐĞƌǀŝĐĞƐĂƌĞƚŽďĞ & ĐŽŵƉůĞƚĞĚĂƌĞƉƌŽǀŝĚĞĚ͕ĂŶĚŝĨƐƵĐŚƉĞƌŝŽĚƐŽĨƚŝŵĞŽƌĚĂƚĞƐĂƌĞĐŚĂŶŐĞĚƚŚƌŽƵŐŚŶŽĨĂƵůƚŽĨE'/EZ͕ƚŚĞƌĂƚĞƐĂŶĚ ĂŵŽƵŶƚƐŽĨĐŽŵƉĞŶƐĂƚŝŽŶƉƌŽǀŝĚĞĚĨŽƌŚĞƌĞŝŶƐŚĂůůďĞƐƵďũĞĐƚƚŽĞƋƵŝƚĂďůĞĂĚũƵƐƚŵĞŶƚ͘/Ĩ/dzŚĂƐƌĞƋƵĞƐƚĞĚĐŚĂŶŐĞƐŝŶ ƚŚĞƐĐŽƉĞ͕ĞǆƚĞŶƚ͕ŽƌĐŚĂƌĂĐƚĞƌŽĨƚŚĞWƌŽũĞĐƚ͖ƚŚĞƚŝŵĞŽĨƉĞƌĨŽƌŵĂŶĐĞŽĨE'/EZ͛ƐƐĞƌǀŝĐĞƐƐŚĂůůďĞĂĚũƵƐƚĞĚĞƋƵŝƚĂďůǇ͘ EĞŝƚŚĞƌƉĂƌƚǇǁŝůůďĞŚĞůĚƌĞƐƉŽŶƐŝďůĞĨŽƌĚĞůĂǇŽƌĨĂŝůƵƌĞƚŽƉĞƌĨŽƌŵǁŚĞŶƐƵĐŚĚĞůĂǇŽƌĨĂŝůƵƌĞŝƐĚƵĞƚŽĂŶǇŽĨƚŚĞ ' ĨŽůůŽǁŝŶŐ͕ƵŶůĞƐƐƚŚĞĂĐƚŽƌŽĐĐƵƌƌĞŶĐĞĐŽƵůĚŚĂǀĞďĞĞŶƌĞĂƐŽŶĂďůǇĨŽƌĞƐĞĞŶĂŶĚƌĞĂƐŽŶĂďůĞĂĐƚŝŽŶĐŽƵůĚŚĂǀĞďĞĞŶ ƚĂŬĞŶƚŽƉƌĞǀĞŶƚƚŚĞĚĞůĂǇŽƌĨĂŝůƵƌĞ͗ĨŝƌĞ͕ĨůŽŽĚ͕ĞƉŝĚĞŵŝĐ͕ƐƚƌŝŬĞƐ͕ǁĂƌƐ͕ĂĐƚƐŽĨ'ŽĚ͕ƵŶƵƐƵĂůůǇƐĞǀĞƌĞǁĞĂƚŚĞƌ͕ŽƌĚĞůĂǇƐ ŽƌĚĞĨĂƵůƚƐĐĂƵƐĞĚďǇƉƵďůŝĐĐĂƌƌŝĞƌƐ͕ƉƌŽǀŝĚĞĚƚŚĞĚĞĨĂƵůƚŝŶŐƉĂƌƚǇŐŝǀĞƐǁƌŝƚƚĞŶŶŽƚŝĐĞĂƐƐŽŽŶĂƐƉŽƐƐŝďůĞƚŽƚŚĞŽƚŚĞƌ ƉĂƌƚǇŽĨŝƚƐŝŶĂďŝůŝƚǇƚŽƉĞƌĨŽƌŵ͘ &ŽƌƉƵƌƉŽƐĞƐŽĨƚŚŝƐŽŶƚƌĂĐƚƚŚĞƚĞƌŵ͞ĚĂǇ͟ŵĞĂŶƐĂĐĂůĞŶĚĂƌĚĂǇŽĨϮϰŚŽƵƌƐ͘ ( Ed/dZh^d $57,&/( $ ƌĞƐƵůƚŝŶŐĨƌŽŵE'/EZΖƐŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚĂĚĚŝƚŝŽŶĂůĐŽŵƉĞŶƐĂƚŝŽŶ͘ĐĐĞƉƚĂŶĐĞŽĨƚŚĞǁŽƌŬ ďǇ/dzǁŝůůŶŽƚƌĞůŝĞǀĞE'/EZŽĨƚŚĞƌĞƐƉŽŶƐŝďŝůŝƚǇĨŽƌƐƵďƐĞƋƵĞŶƚĐŽƌƌĞĐƚŝŽŶŽĨĂŶǇĞƌƌŽƌƐŽƌŽŵŝƐƐŝŽŶƐŽƌĨŽƌ ĐůĂƌŝĨŝĐĂƚŝŽŶŽĨĂŶǇĂŵďŝŐƵŝƚŝĞƐ͘ /ĨŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐĂƌĞŵĂĚĞďǇE'/EZŝŶĂŶǇƉŚĂƐĞŽĨƚŚĞǁŽƌŬ͕ƚŚĞĐŽƌƌĞĐƚŝŽŶŽĨǁŚŝĐŚŵĂǇ % ƌĞƋƵŝƌĞĂĚĚŝƚŝŽŶĂůĨŝĞůĚŽƌŽĨĨŝĐĞǁŽƌŬ͕E'/EZǁŝůůďĞƉƌŽŵƉƚůǇŶŽƚŝĨŝĞĚďǇ/dzĂŶĚǁŝůůďĞƌĞƋƵŝƌĞĚƚŽƉĞƌĨŽƌŵƐƵĐŚ ĂĚĚŝƚŝŽŶĂůǁŽƌŬĂƐŵĂǇďĞŶĞĐĞƐƐĂƌǇƚŽĐŽƌƌĞĐƚƚŚĞƐĞŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚƵŶĚƵĞĚĞůĂǇĂŶĚ ǁŝƚŚŽƵƚĂĚĚŝƚŝŽŶĂůĐŽƐƚƚŽ/dz͘/ĨƚŚĞE'/EZŝƐĂǁĂƌĞŽĨĂŶǇŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐŵĂĚĞŝŶĂŶǇƉŚĂƐĞ ŽĨŝƚƐǁŽƌŬ͕ƚŚĞĐŽƌƌĞĐƚŝŽŶƐŽĨǁŚŝĐŚŵĂǇƌĞƋƵŝƌĞĂŶǇĂĚĚŝƚŝŽŶĂůĨŝĞůĚŽƌŽĨĨŝĐĞǁŽƌŬ͕E'/EZŵƵƐƚƉƌŽŵƉƚůǇƉĞƌĨŽƌŵ ƐƵĐŚĂĚĚŝƚŝŽŶĂůǁŽƌŬĂƐŵĂǇďĞŶĞĐĞƐƐĂƌǇƚŽĐŽƌƌĞĐƚƚŚĞƐĞŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐǁŝƚŚŽƵƚƵŶĚƵĞĚĞůĂǇĂŶĚ ǁŝƚŚŽƵƚĂĚĚŝƚŝŽŶĂůĐŽƐƚƚŽ/dz͘ E'/EZǁŝůůďĞƌĞƐƉŽŶƐŝďůĞĨŽƌĂŶǇĚĂŵĂŐĞƐŝŶĐƵƌƌĞĚĂƐĂƌĞƐƵůƚŽĨŝƚƐŶĞŐůŝŐĞŶƚĂĐƚƐ͕ĞƌƌŽƌƐ͕ŽƌŽŵŝƐƐŝŽŶƐĂŶĚĨŽƌĂŶǇ & ůŽƐƐŽƌĐŽƐƚƚŽƌĞƉĂŝƌŽƌƌĞŵĞĚǇE'/EZΖƐĞƌƌŽƌƐ͕ŽŵŝƐƐŝŽŶƐŽƌŶĞŐůŝŐĞŶƚĂĐƚƐ͘ĐĐĞƉƚĂŶĐĞŽĨƚŚĞǁŽƌŬďǇ/dzǁŝůůŶŽƚ 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ϭϬϮϱϭϬϭϱ 94KXGT2CTMYC[09 2JQPG ϮϬϬнϮϮ͘ϯϯ ' ϬΗhZ ' >/͘EK͘ ZϭΖ & ' ϲϮϰ ' & d,EϮ͘ϬйE>^^d,Eϱ͘Ϭй/Ed,/Zd/KE^,KtE ϰ &d /E/d^W^dZ/EZDWͲ^>KW^,>>dtE /E/d^W^dZ/EZDWͲ^>KW^,>>'ZdZ ϱ͘ϬйD/E/DhDEϴ͘ϯйDy/DhD/Ed,/Zd/KE & >'E ^,KtEEZK^^^>KW^,>>EKdyϮ͘Ϭй EK͘ϰΛϯΖK͘͘ Z/>>Θ'ZKhdϴΗ;/E/Ed>dKϲhZͿ W/͗ϮϬϬнϭϬ͘ϬϬ & ϲϮ EZK^^^>KW^,>>EKdyϮ͘Ϭй ϬΗhZ;dzWͿ & ϮϬϬ ZϭΖ ^> & dhh>ZDZ<Z ;zKd,Z^Ϳ /E/d^dZE^/d/KEWE> Ϭ WZKWK^^WKd>sd/KE & sZd͘ y/^d/E'^WKd>sd/KE KE^dZhd/KE>/D/d^ & ϮϬ & hZ,/',d &d & & ϭϬ yyy͘yyyyy͘yy & d ^& yΗ ^> Ϭ ,KZ͘ ϴͬϭϮͬϮϬϮϱϵ͗Ϭϴ͗ϯϬWD͗Ͱ^/ͰWƵďůŝĐtŽƌŬƐͰWZK:d^Ͱ:ͲWZK:Ͱ:ϴϮϬϴͰϮϬϮϱͰĞƐŝŐŶͰƌĂǁŝŶŐƐͰ:ϴϮϬϴϲϬϭͺ^dZdW>E͘ĚǁŐ ^,d ϭϴ K&ϮϬ E/',KZ,KKdZ&&/>D/E'Ͳ>/EK>E^,/ZE/',KZ,KK ϭϬϮϬ ϭϬϮϱϭϬϭϱ /EdZ^d/KEK&KDDKEW>EtΘϰϴd,^dEt /dzK&ZK,^dZ͕D/EE^Kd ϭϬϭнϬϬ ^dZdW>E >͗ϭϬϭϴ͘ϴϭ ͲϬ͘ϱϬйͲϬ͘ϱϬй sW/͗ϭϬϬнϴϲ͘ϵϵ ϭϬϮϬ ϭϬϮϱϭϬϭϱ >͗ϭϬϭϴ͘ϴϯ>͗ϭϬϭϴ͘ϴϯ sW/͗ϭϬϬнϴϭ͘ϵϳsW/͗ϭϬϬнϴϭ͘ϵϳ ϮϬϭнϮϱ ϭϬϭϴ͘ϵϭ Ͳϭ͘ϭϮйͲϭ͘ϭϮй ϭϬϭϴ͘ϵ y/^d/E'WZK&/> y/^d/E'WZK&/> >͗ϭϬϭϵ͘Ϭϰ >͗ϭϬϭϴ͘ϵϲ sW/͗ϭϬϬнϲϯ͘ϲϳ sW/͗ϮϬϭнϬϵ͘ϲϮ KDDKEW>Etͺ^tͺYh ϮϬϭнϬϬ ϭϬϭϵ͘Ϭϴ Ͳϭ͘Ϯϱй ϭϬϭϵ͘ϭ ϭϬϭϵ͘Ϭϵ ϭϬϭϵ͘Ϯ WZKWK^>sd/KE^ WZKWK^WZK&/> ͲϬ͘ϰϬйͲϬ͘ϰϬй d >͗ϭϬϭϵ͘Ϯϳ sW/͗ϮϬϬнϴϰ͘ϲϳ /^^h&KZ WZKWK^WZK&/> ϭϬϭϵ͘ϯϭ ϭϬϭϵ͘ϯ WZKWK^>sd/KE^ ͲϬ͘ϰϬй EK͘ ϭϬϭϵ͘ϭϵKDDKEW>EtͺEtͺYh >͗ϭϬϭϵ͘ϮϬ ϭϬϭϵ͘Ϯ sW/͗ϭϬϬнϮϯ͘ϭϵ ^͕t :ϴϮϬϴ Z< ^ Ͳϭ͘ϱϬйͲϭ͘ϱϬй y/^d/E'>sd/KE^ ^/'E WZK:͘EK͘ ,< ZtE >͗ϭϬϭϵ͘ϯϳ >͗ϭϬϭϵ͘ϯϵ sW/͗ϮϬϬнϱϳ͘ϵϮ sW/͗ϭϬϬнϭϬ͘ϯϴ ϭϬϭϵ͘ϯϰ ϭϬϭϵ͘ϯ ϭϬϬнϬϬ Ϭ͘ϰϱй ϭϬϭϵ͘ϲ 94KXGT2CTMYC[09 y/^d/E'>sd/KE^ ϭϬϮϱϭϬϮϬϭϬϭϱ 2JQPG <ZK&^<z͕W͘͘ ' & ϭϬϭϵ͘Ϯϴ ϱϰϳϵϳ WZK&^^/KE>E'/EZ ' W͗ϮϬϬнϯϰ͘ϬϮ ' & W͗ϭϬϬнϮϮ͘Ϭϳ W͗ϮϬϬнϯϭ͘Ϭϴ W͗ϮϬϬнϭϭ͘ϬϮ ϭ >/͘EK͘ & d,EϮ͘ϬйE>^^d,Eϱ͘Ϭй/Ed,/Zd/KE^,KtE /E/d^W^dZ/EZDWͲ^>KW^,>>dtE /E/d^W^dZ/EZDWͲ^>KW^,>>'ZdZ ϭϬϭϵ͘ϭϰ ϱ͘ϬйD/E/DhDEϴ͘ϯйDy/DhD/Ed,/Zd/KE WZ͗ϭϬϬнϰϴ͘ϮϮ ϭϬϭϵ͘ϮϬ & >'E Wd͗ϮϬϬнϭϭ͘ϵϳ WZ͗ϭϬϬнϱϮ͘Ϭϭ W͗ϭϬϬнϬϬ͘ϬϬ^,KtEEZK^^^>KW^,>>EKdyϮ͘Ϭй ϭϬϭϵ͘Ϯϴ W͗ϮϬϬнϬϬ͘ϬϬ ϭϬϭϵ͘ϭϭ ϰ &d ϭϬϭϵ͘ϲϭ ZϭϱΖ Wd͗ϭϬϬнϱϯ͘ϰϲ & ^ ϭϬϭϵ͘ϲϵ W/͗ϮϬϬнϭϬ͘ϬϬ ϮϬϬнϬϬEZK^^^>KW^,>>EKdyϮ͘Ϭй ϭϬϭϵ͘ϳϭ ϭϬϭϵ͘ϲϲ ϭϬϬнϬϬ & ϭϬϭϵ͘ϱϰ Ϯ d d ϭϬϭϵ͘ϳϰ /E/d^dZE^/d/KEWE> & ϭϬϭϵ͘ϴϰ WZKWK^^WKd>sd/KE ϭϬϭϵ͘ϲϴ y/^d/E'^WKd>sd/KE :h^dy/^d/E''ds>s ^> KE^dZhd/KE>/D/d^ & Ϭ sZd͘ EKd^ ' ϰϮϰ & hZ,/',d ' ' W/͗ϭϬϬнϴϭ͘ϵϳ & ' ϮϬ &d & ' yyy͘yyyyy͘yy W͗ϭϬϬнϵϲ͘ϵϴ ' &d ^ & yΗ ϭϬ ' ϭ & ^> ' & Ϭ ' ,KZ͘ & ' & ϴͬϭϮͬϮϬϮϱϵ͗Ϭϴ͗ϯϮWD͗Ͱ^/ͰWƵďůŝĐtŽƌŬƐͰWZK:d^Ͱ:ͲWZK:Ͱ:ϴϮϬϴͰϮϬϮϱͰĞƐŝŐŶͰƌĂǁŝŶŐƐͰ:ϴϮϬϴϲϬϭͺ^dZdW>E͘ĚǁŐ ^,d ϭϵ K&ϮϬ ϭϬϮϬϭϬϮϬϭϬϮϬ ϭϬϮϱϭϬϭϱϭϬϮϱϭϬϭϱϭϬϮϱϭϬϭϱ ϯϬϭнϮϱϮϬϭнϱϬϭϬϭнϱϬ E/',KZ,KKdZ&&/>D/E'Ͳ>/EK>E^,/ZE/',KZ,KK Ϭ͘ϱϬй /EdZ^d/KEK&ϯϱd,sEtΘϰϴd,^dEt /dzK&ZK,^dZ͕D/EE^Kd ϯϬϭнϬϬ ϭϬϭϴ͘ϲϴϭϬϭϴ͘ϲϴϭϬϭϴ͘ϯϭ Ϭ͘ϴϮй ϭϬϭϴ͘ϲϭϬϭϴ͘ϳϭϬϭϴ͘ϯ ^dZdW>E Ϭ͘ϰϬй y/^d/E'WZK&/> Ϭ͘ϱϬй ϮϬϭнϬϬ ϭϬϭнϬϬ Ͳϭ͘Ϯϯй ϭϬϭϴ͘ϱϱϭϬϭϴ͘ϱϴϭϬϭϴ͘ϭϰ Ϭ͘ϰϬй ϭϬϭϴ͘ϲϭϬϭϴ͘ϲϭϬϭϴ͘Ϯ Ϭ͘ϰϬй y/^d/E'WZK&/> ϯϱsEtͺ^ͺYh y/^d/E'WZK&/> WZKWK^WZK&/> ͲϬ͘ϱϬй Ͳϯ͘ϬϬй ϯϱsEtͺ^tͺYh ϯϱsEtͺEͺYh WZKWK^WZK&/> ϭϬϭϴ͘ϳϴϭϬϭϴ͘ϰϵϭϬϭϴ͘ϰϰ ϭϬϭϴ͘ϳϭϬϭϴ͘ϱϭϬϭϴ͘ϰ ͲϬ͘ϳϱй WZKWK^>sd/KE^ ͲϬ͘ϰϱй d /^^h&KZ Ͳϭ͘ϬϬй Ϭ͘ϯϴй WZKWK^WZK&/> EK͘ ͲϮ͘ϮϬй ϭϬϭϴ͘ϵϳϭϬϭϴ͘ϯϵϭϬϭϴ͘ϲϳ ^͕t :ϴϮϬϴ Z< ϭϬϭϴ͘ϵϭϬϭϴ͘ϰϭϬϭϴ͘ϳ^ WZKWK^>sd/KE^ WZKWK^>sd/KE^ ͲϬ͘ϱϬй ^/'E WZK:͘EK͘ ,< ZtE Ͳϭ͘ϬϬй y/^d/E'>sd/KE^ Ͳϭ͘ϳϯй ͲϮ͘Ϭϳй ͲϬ͘ϱϬй ϯϬϬнϬϬ ϭϬϭϵ͘ϮϱϭϬϭϴ͘ϯϬϭϬϭϵ͘ϬϬ 94KXGT2CTMYC[09 ϭϬϭϵ͘ϯϭϬϭϴ͘ϯϭϬϭϵ͘Ϭ 2JQPG Wd,^W/> ϰΖyϰΖD/E͘/DE^/KE^E KEZdhZΘ'hddZ 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DŝŶŶĞƐŽƚĂWŽƉƵůĂƚŝŽŶdƌĞŶĚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϴ ϙ WŽƉƵůĂƚŝŽŶĂŶĚ,ŽƵƐĞŚŽůĚƐƚŝŵĂƚĞƐĂŶĚWƌŽũĞĐƚŝŽŶƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϮϬ ϙ ,ŽƵƐĞŚŽůĚ^ŝǌĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϲ ϙ WŽƉƵůĂƚŝŽŶŐĞŝƐƚƌŝďƵƚŝŽŶdƌĞŶĚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘Ϯϴ ϙ ZĂĐĞĂŶĚƚŚŶŝĐŝƚǇŽĨWŽƉƵůĂƚŝŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϬ ϙ ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞďǇŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϯϮ ϙ dĞŶƵƌĞďǇ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϰ ϙ dĞŶƵƌĞďǇŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϰϳ ϙ dĞŶƵƌĞďǇ,ŽƵƐĞŚŽůĚ^ŝǌĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϮ ϙ ,ŽƵƐĞŚŽůĚdǇƉĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϯ ϙ EĞƚtŽƌƚŚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϱϲ ϙ ,ŽƵƐŝŶŐŚĂƌĂĐƚĞƌŝƐƚŝĐƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϲϬ ϙ ZĞƐŝĚĞŶƚŝĂůƵŝůĚŝŶŐWĞƌŵŝƚdƌĞŶĚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϲϬ ϙ ŐĞŽĨ,ŽƵƐŝŶŐ^ƚŽĐŬ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϲϱ ϙ ZĞŶƚĞƌͲKĐĐƵƉŝĞĚhŶŝƚƐďǇŽŶƚƌĂĐƚZĞŶƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϲϳ ϙ KǁŶĞƌͲKĐĐƵƉŝĞĚ,ŽƵƐŝŶŐhŶŝƚƐďǇsĂůƵĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϲϵ ϙ ,ŽƵƐŝŶŐhŶŝƚƐďǇ^ƚƌƵĐƚƵƌĞĂŶĚdĞŶƵƌĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϳϭ ϙ ŵƉůŽǇŵĞŶƚdƌĞŶĚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϳϰ ϙ ŵƉůŽǇŵĞŶƚƐƚŝŵĂƚĞƐĂŶĚWƌŽũĞĐƚŝŽŶƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϳϰ ϙ ZĞƐŝĚĞŶƚ>ĂďŽƌ&ŽƌĐĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϳϱ ϙ ŽŵŵƵƚŝŶŐWĂƚƚĞƌŶƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϴϬ ϙ /ŶĨůŽǁͬKƵƚĨůŽǁŚĂƌĂĐƚĞƌŝƐƚŝĐƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϴϭ ϙ ǆŝƐƚŝŶŐƵƐŝŶĞƐƐDŝǆďǇE/^͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϴϱ ϙ DĂũŽƌŵƉůŽǇĞƌƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϴϲ ϙ ZĞŶƚĂů,ŽƵƐŝŶŐŶĂůǇƐŝƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϴϵ ϙ KǀĞƌǀŝĞǁŽĨZĞŶƚĂůDĂƌŬĞƚŽŶĚŝƚŝŽŶƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϴϵ ϙ 'ĞŶĞƌĂůͲKĐĐƵƉĂŶĐǇZĞŶƚĂů^ƵŵŵĂƌǇ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϵϮ ϙ >ŝĐĞŶƐĞĚZĞŶƚĂůKƌĚŝŶĂŶĐĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭϱ ϙ ^ĞŶŝŽƌ,ŽƵƐŝŶŐŶĂůǇƐŝƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭϲ ϙ ^ĞŶŝŽƌ,ŽƵƐŝŶŐĞĨŝŶĞĚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭϲ ϙ ŐĞͲZĞƐƚƌŝĐƚĞĚ,ŽƵƐŝŶŐ^ƵŵŵĂƌǇ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϭϴ ϙ &ŽƌͲ^ĂůĞ,ŽƵƐŝŶŐŶĂůǇƐŝƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯϬ ϙ ŽƵŶƚǇͲǁŝĚĞ,ŽŵĞZĞƐĂůĞŽŵƉĂƌŝƐŽŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯϬ ϙ ,ŽŵĞZĞƐĂůĞŽŵƉĂƌŝƐŽŶŝŶKůŵƐƚĞĚŽƵŶƚǇΘsŝĐŝŶŝƚǇ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯϭ ϙ ZĞƐĂůĞƐďǇWƌŝĐĞWŽŝŶƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯϳ ϙ KǁŶĞƌͲKĐĐƵƉŝĞĚdƵƌŶŽǀĞƌ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯϵ ϙ ,ŽŵĞZĞƐĂůĞƐƉĞƌ^ƋƵĂƌĞ&ŽŽƚ;͞W^&͟Ϳ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϯϵ ϙ ƵƌƌĞŶƚ^ƵƉƉůǇŽĨ,ŽŵĞƐŽŶƚŚĞDĂƌŬĞƚ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϰϮ ϙ DŽŶƚŚƐŽĨĐƚŝǀĞ^ƵƉƉůǇ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϰϳ ϙ >Žƚ^ƵƉƉůǇ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϰϴ ϙ EĞǁŽŶƐƚƌƵĐƚŝŽŶWƌŝĐŝŶŐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϱϭ ϙ ĐƚŝǀĞůǇDĂƌŬĞƚŝŶŐ^ƵďĚŝǀŝƐŝŽŶƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϱϯ ϙ ZĞĂůƚŽƌͬƵŝůĚĞƌͬĞǀĞůŽƉĞƌ^ƵƌǀĞǇ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϱϱ ϙ WůĂŶŶĞĚĂŶĚWƌŽƉŽƐĞĚ,ŽƵƐŝŶŐWƌŽũĞĐƚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϱϳ ϙ ^ƉĞĐŝĂůEĞĞĚƐ,ŽƵƐŝŶŐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϲϬ ϙ ,ŽŵĞůĞƐƐĂƚĂ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϲϭ ϙ ZŝǀĞƌsĂůůĞǇƐŽʹϮϬϮϯĂƚĂZĞƉŽƌƚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϲϮ ϙ ,ŽŵĞůĞƐƐWŽƉƵůĂƚŝŽŶƐʹĂƚĂĨƌŽŵƚŚĞϮϬϮϯtŝůĚĞƌ,ŽŵĞůĞƐƐ^ƚƵĚǇ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϲϴ ϙ ,ŽŵĞůĞƐƐ,ĞĂůƚŚŚĂůůĞŶŐĞƐĂŶĚ,ĞĂůƚŚ'ĂƉƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϳϵ ϙ ^ƉĞĐŝĂůWƵƌƉŽƐĞ,ŽƵƐŝŶŐhŶŝƚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϴϭ ϙ &ĂĐŝůŝƚŝĞƐĂŶĚWƌŽƉĞƌƚŝĞƐ^ĞƌǀŝŶŐƚŚĞ,ŽŵĞůĞƐƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϴϯ ϙ ĐĐĞƐƐŝďůĞ,ŽƵƐŝŶŐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϴϲ ϙ ^ƵŵŵĂƌǇŽĨ&ŝŶĚŝŶŐƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϴϲ ϙ ,ŽƵƐŝŶŐĨĨŽƌĚĂďŝůŝƚǇ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϴϴ ϙ ZĞŶƚĂŶĚ/ŶĐŽŵĞ>ŝŵŝƚƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϴϴ ϙ EĂƚƵƌĂůůǇͲKĐĐƵƌƌŝŶŐĨĨŽƌĚĂďůĞ,ŽƵƐŝŶŐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϵϭ ϙ ,ŽƵƐŝŶŐŽƐƚƵƌĚĞŶ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϭϵϳ ϙ ,ŽƵƐŝŶŐŚŽŝĐĞsŽƵĐŚĞƌƐ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϮϬϭ ϙ ,ŽƵƐŝŶŐŽƐƚƐĂƐWĞƌĐĞŶƚĂŐĞŽĨ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞ͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ϮϬϭ ϙ 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ĂŶĚϳϴϬĂīŽƌĚĂďůĞƌĞŶƚĂůƵŶŝƚƐŝŶƚŚĞĚĞǀĞůŽƉŵĞŶƚƉŝƉĞůŝŶĞ͘ůƚŚŽƵŐŚƚŚĞƐĞƵŶŝƚƐĂƌĞ Dy&/>Z^Z,ΘKE^h>d/E'ϭ <z&/E/E'^ ŶĞĞĚĞĚƚŽŵĞĞƚƚŚĞŐƌŽǁŝŶŐŶĞĞĚĨŽƌƌĞŶƚĂůŚŽƵƐŝŶŐ͕ŝĨƚŚĞǇĂůůŵŽǀĞĨŽƌǁĂƌĚ ƐŝŵƵůƚĂŶĞŽƵƐůǇĂƐŽŌŵĂƌŬĞƚǁŽƵůĚƌĞƐƵůƚƵŶƟůƚŚĞƉƌŽũĞĐƚƐĂůůƌĞĂĐŚĞĚƐƚĂďŝůŝǌĞĚ ŽĐĐƵƉĂŶĐǇ͘ ϙ ϱ͘dŚĞĂŐĞͲ ƌĞƐƚƌŝĐƚĞĚƐĞŶŝŽƌŚŽƵƐŝŶŐŵĂƌŬĞƚŝƐĞǆƚƌĞŵĞůǇƟŐŚƚĂĐƌŽƐƐƚŚĞKůŵƐƚĞĚŽƵŶƚǇ DĂƌŬĞƚƌĞĂ͖ƉŽƐƟŶŐĂďůĞŶĚĞĚǀĂĐĂŶĐǇƌĂƚĞŽĨŽŶůǇϮй;ŵĂƌŬĞƚĞƋƵŝůŝďƌŝƵŵŝƐϱйƚŽ ϳйͿ͘'ŝǀĞŶƚŚĞƐƚƌŽŶŐŐƌŽǁƚŚŽĨƚŚĞďĂďǇďŽŽŵĞƌĂŶĚƐĞŶŝŽƌĚĞŵŽŐƌĂƉŚŝĐƐĂŶĚ KůŵƐƚĞĚŽƵŶƚǇ͛ƐŚĞĂůƚŚĐĂƌĞĚĞƐƟŶĂƟŽŶ͕ƚŚĞĚĞŵĂŶĚĨŽƌƐĞŶŝŽƌŚŽƵƐŝŶŐƉƌŽĚƵĐƚƐŝƐ ĞǆƉĞĐƚĞĚƚŽĂĐĐĞůĞƌĂƚĞŽǀĞƌƚŚĞĐŽŵŝŶŐĚĞĐĂĚĞ͘EĞǁĂŐĞͲƚĂƌŐĞƚĞĚŽƌĂŐĞͲƌĞƐƚƌŝĐƚĞĚ ƉƌŽũĞĐƚƐǁŝůůŶŽƚŽŶůǇŵĞĞƚƚŚĞŚŽƵƐŝŶŐŶĞĞĚƐŽĨŽůĚĞƌͲĂĚƵůƚƐ͕ďƵƚǁŝůůĨƌĞĞͲ ƵƉĞǆŝƐƟŶŐ ŚŽƵƐŝŶŐƐƚŽĐŬƚŚĂƚŝƐŽŌĞŶĚĞƐŝƌĞĚďǇĮƌƐƚ Ͳ ƟŵĞŚŽŵĞ ŽǁŶĞƌƐ͘ ϲ͘ZŝƐŝŶŐŵŽƌƚŐĂŐĞƌĂƚĞƐĂŶĚůŽǁƐƵƉƉůǇŚĂǀĞŝŵƉĂĐƚĞĚƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͛Ɛ ŚŽƵƐŝŶŐŵĂƌŬĞƚĐŽŵŝŶŐŽƵƚŽĨƚŚĞƉĂŶĚĞŵŝĐ͘^ĂůĞƐĂĐƟǀŝƚǇƉĞĂŬĞĚŝŶϮϬϮϭǁŝƚŚĂďŽƵƚ Ϯ͕ϯϳϱƐŝŶŐůĞͲ ĨĂŵŝůǇƐĂůĞƐďƵƚŚĂƐďĞĞŶĐƵƚďǇϮϱйƐŝŶĐĞ͘ƚƚŚĞƐĂŵĞƟŵĞŵĞĚŝĂŶƐĂů ĞƐ 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Dy&/>Z^Z,ΘKE^h>d/E'ϰ yhd/s^hDDZz ŵƉůŽǇŵĞŶƚdƌĞŶĚƐ ZĞƐŝĚĞŶƚĞŵƉůŽǇŵĞŶƚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇŚĂƐŝŶĐƌĞĂƐĞĚďǇϭϭ͕ϮϰϮƉĞŽƉůĞ;ϭϰйͿ x ďĞƚǁĞĞŶϮϬϭϱĂŶĚϮϬϮϰ͘dŚĞŶƵŵďĞƌŽĨŝŶĚŝǀŝĚƵĂůƐŝŶƚŚĞůĂďŽƌŵĂƌŬĞƚĂůƐŽŝŶĐƌĞĂƐĞĚďƵƚ ĂƚĂƐůŝŐŚƚůǇůŽǁĞƌƌĂƚĞ;ϭϯйͿƚŚĂŶĞŵƉůŽǇŵĞŶƚ͘ dŚĞƵŶĞŵƉůŽǇŵĞŶƚƌĂƚĞĚƵĞƚŽƚŚĞKs/ͲϭϵƉĂŶĚĞŵŝĐŚŝƚϱ͘ϱйŝŶϮϬϮϬďƵƚƌĞĐŽǀĞƌĞĚ x ƋƵŝĐŬůǇƚŚĞĨŽůůŽǁŝŶŐǇĞĂƌĚŽǁŶƚŽϯ͘ϭй͘dŚĞƵŶĞŵƉůŽǇŵĞŶƚƌĂƚĞŚĂƐĐŽŶƚŝŶƵĞĚĚŽǁŶǁĂƌĚ ƚŽϮ͘ϭйŝŶϮϬϮϯǁŝƚŚĂƐůŝŐŚƚƵƉƚŝĐŬƚŽϮ͘ϯйŝŶϮϬϮϰ͘ ZŽĐŚĞƐƚĞƌŝƐƚŚĞƚŽƉŚŽŵĞĚĞƐƚŝŶĂƚŝŽŶĨŽƌǁŽƌŬĞƌƐŝŶƚŚĞĐŽƵŶƚǇǁŝƚŚĂϰϲ͘ϳйƐŚĂƌĞ͕ x ĨŽůůŽǁĞĚďǇǇƌŽŶ;Ϯ͘ϲйͿ͕^ƚĞǁĂƌƚǀŝůůĞ;Ϯ͘ϲйͿ͕<ĂƐƐŽŶ;Ϯ͘ϬйͿ͕ĂŶĚWŝŶĞ/ƐůĂŶĚ;ϭ͘ϮйͿ͘ďŽƵƚ ϱϳйŽĨKůŵƐƚĞĚŽƵŶƚǇ͛ƐƌĞƐŝĚĞŶƚƐƚƌĂǀĞůůĞƐƐƚŚĂŶƚĞŶŵŝůĞƐƚŽƚŚĞŝƌƉůĂĐĞŽĨĞŵƉůŽǇŵĞŶƚ͕ ǁŚŝůĞϭϯ͘ϱйŚĂǀĞĂĐŽŵŵƵƚĞĚŝƐƚĂŶĐĞŐƌĞĂƚĞƌƚŚĂŶϱϬŵŝůĞƐ͘ KůŵƐƚĞĚŽƵŶƚǇĐĂŶďĞĐŽŶƐŝĚĞƌĞĚĂŶŝŵƉŽƌƚĞƌŽĨǁŽƌŬĞƌƐ͕ĂƐƚŚĞŶƵŵďĞƌŽĨƌĞƐŝĚĞŶƚƐ x ĐŽŵŝŶŐŝŶƚŽƚŚĞĐŽƵŶƚǇĨŽƌǁŽƌŬ;ŝŶĨůŽǁͿŝƐŐƌĞĂƚĞƌƚŚĂŶƚŚĞŶƵŵďĞƌŽĨǁŽƌŬĞƌƐůĞĂǀŝŶŐƚŚĞ ĐŽƵŶƚǇ;ŽƵƚĨůŽǁͿĨŽƌĞŵƉůŽǇŵĞŶƚ͘dŚĞƌĞĂƌĞϯϴ͕ϳϲϬǁŽƌŬĞƌƐĐŽŵŵƵƚŝŶŐŝŶƚŽƚŚĞĐŽƵŶƚǇĨŽƌ ǁŽƌŬǁŚŝůĞϭϵ͕ϰϭϳǁŽƌŬĞƌƐůĞĨƚĂŶĚϳϯ͕ϭϴϲůŝǀĞĂŶĚǁŽƌŬŝŶƚŚĞĐŽƵŶƚǇ͘/ŶƚĞƌŝŽƌĨůŽǁ ĐŽŶƐŝƐƚƐŽĨƚŚŽƐĞǁŚŽďŽƚŚůŝǀĞĂŶĚǁŽƌŬŝŶƚŚĞĚĞĨŝŶĞĚĂƌĞĂ͘ dŚĞĚƵĐĂƚŝŽŶĂŶĚ,ĞĂůƚŚ^ĞƌǀŝĐĞƐŝŶĚƵƐƚƌǇŝƐƚŚĞůĂƌŐĞƐƚĞŵƉůŽǇŵĞŶƚƐĞĐƚŽƌŝŶKůŵƐƚĞĚ x ŽƵŶƚǇ͕ƉƌŽǀŝĚŝŶŐŽǀĞƌŚĂůĨŽĨƚŽƚĂůϭϬϰ͕ϳϮϲũŽďƐŝŶŝŶYϯϮϬϮϯ;ϱϱ͕ϭϱϳũŽďƐ͕ŽƌϱϯйŽĨƚŚĞ ƚŽƚĂůͿ͘dŚĞdƌĂĚĞ͕dƌĂŶƐƉŽƌƚĂƚŝŽŶ͕ĂŶĚhƚŝůŝƚŝĞƐƐĞĐƚŽƌǁĂƐƚŚĞŶĞǆƚůĂƌŐĞƐƚƐĞĐƚŽƌǁŝƚŚ ϭϯ͕ϳϴϯũŽďƐ;ϭϯйŽĨƚŚĞƚŽƚĂůũŽďƐͿĨŽůůŽǁĞĚďǇƚŚĞ>ĞŝƐƵƌĞĂŶĚ,ŽƐƉŝƚĂůŝƚǇƐĞĐƚŽƌǁŝƚŚϵ͕ϴϳϰ ũŽďƐ;ϵйͿ͘ ZĞŶƚĂů,ŽƵƐŝŶŐDĂƌŬĞƚŶĂůǇƐŝƐ ĂƐĞĚŽŶƚŚĞh^ĞŶƐƵƐŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ^ƵƌǀĞǇĚĂƚĂ͕ƚŚĞŵĞĚŝĂŶŐƌŽƐƐƌĞŶƚŝŶƚŚĞ x KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂǁĂƐΨϭ͕ϯϬϱŝŶϮϬϮϱ;ƐĞĞĚĞĨŝŶŝƚŝŽŶŽĨŐƌŽƐƐƌĞŶƚŝŶĂƉƉĞŶĚŝǆͿ͘ ŶŝŶĐŽŵĞŽĨΨϱϮ͕ϮϬϬǁŽƵůĚďĞŶĞĞĚĞĚƚŽĂĨĨŽƌĚƚŚĞŵĞĚŝĂŶƌĞŶƚĂůůŽĐĂƚŝŶŐϯϬйŽĨŝŶĐŽŵĞ ƚŽŚŽƵƐŝŶŐ͘dŚĞŵĞĚŝĂŶŐƌŽƐƐƌĞŶƚŝŶƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂŝƐĞƐƚŝŵĂƚĞĚĂƚΨϭ͕Ϯϯϱ;ϱй ůŽǁĞƌƚŚĂŶƚŚĞDĂƌŬĞƚƌĞĂͿǁŚŝůĞƚŚĞdǁŝŶŝƚŝĞƐDĞƚƌŽƌĞĂŐƌŽƐƐƌĞŶƚŝƐĞƐƚŝŵĂƚĞĚĂƚ Ψϭ͕ϰϮϮ;ϵйŚŝŐŚĞƌƚŚĂŶƚŚĞDĂƌŬĞƚƌĞĂͿ͘ KǀĞƌĂůů͕ǁĞƐƵƌǀĞǇĞĚŶĞĂƌůǇϭϲϬƐŚĂůůŽǁͲƐƵďƐŝĚǇ;ĂĨĨŽƌĚĂďůĞͿ͕ĚĞĞƉͲƐƵďƐŝĚǇ;ƐƵďƐŝĚŝǌĞĚͿĂŶĚ x ŵĂƌŬĞƚƌĂƚĞĂƉĂƌƚŵĞŶƚƉƌŽƉĞƌƚŝĞƐ;ďƵŝůĚŝŶŐƐǁŝƚŚϮϬƵŶŝƚƐŽƌŵŽƌĞͬϴŽƌŵŽƌĞŽƵƚƐŝĚĞŽĨ ZŽĐŚĞƐƚĞƌͿĂƐŽĨYϭϮϬϮϱ͘dŚĞƐĞƉƌŽƉĞƌƚŝĞƐƌĞƉƌĞƐĞŶƚĂĐŽŵďŝŶĞĚƚŽƚĂůŽĨϭϮ͕ϵϲϴƵŶŝƚƐ͕ ŝŶĐůƵĚŝŶŐϮ͕ϯϰϬĂĨĨŽƌĚĂďůĞ͕ϱϵϯƐƵďƐŝĚŝǌĞĚĂŶĚϭϬ͕ϬϮϱŵĂƌŬĞƚƌĂƚĞƵŶŝƚƐ͘KǀĞƌĂůů͕ƚŚĞ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚĂĐĐŽƵŶƚƐĨŽƌϵϰйŽĨĂůůƌĞŶƚĂůƵŶŝƚƐƐƵƌǀĞǇĞĚ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϱ yhd/s^hDDZz ƚƚŚĞƚŝŵĞŽĨŽƵƌƐƵƌǀĞǇŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͕ƚŚĞƌĞǁĞƌĞϮϰϬŵĂƌŬĞƚƌĂƚĞ x ƵŶŝƚƐ͕ϭϭϵĂĨĨŽƌĚĂďůĞ͕ĂŶĚƐĞǀĞŶƐƵďƐŝĚŝǌĞĚƵŶŝƚƐǁĞƌĞǀĂĐĂŶƚĂŵŽŶŐƐƚĂďŝůŝǌĞĚƉƌŽƉĞƌƚŝĞƐ͕ ƌĞƐƵůƚŝŶŐŝŶĂŶŽǀĞƌĂůůǀĂĐĂŶĐǇƌĂƚĞŽĨϮ͘ϴй͘dŚĞŵĂƌŬĞƚƌĂƚĞǀĂĐĂŶĐǇǁĂƐϯ͘Ϭй͕ĂĨĨŽƌĚĂďůĞ ǀĂĐĂŶĐǇƌĂƚĞϰ͘ϰй͕ĂŶĚƚŚĞƐƵďƐŝĚŝǌĞĚǀĂĐĂŶĐǇƌĂƚĞϭ͘Ϯй͘ dŚĞŝŶĚƵƐƚƌǇƐƚĂŶĚĂƌĚŝƐϱйǀĂĐĂŶĐǇĨŽƌŵĂƌŬĞƚƌĂƚĞĂŶĚϯйĨŽƌĂĨĨŽƌĚĂďůĞͬƐƵďƐŝĚŝǌĞĚĨŽƌĂ x ƐƚĂďŝůŝǌĞĚƌĞŶƚĂůŵĂƌŬĞƚ͕ǁŚŝĐŚƉƌŽŵŽƚĞƐĐŽŵƉĞƚŝƚŝǀĞƌĂƚĞƐ͕ĞŶƐƵƌĞƐĂĚĞƋƵĂƚĞĐŚŽŝĐĞ͕ĂŶĚ ĂůůŽǁƐĨŽƌƵŶŝƚƚƵƌŶŽǀĞƌ͘ /ŶZŽĐŚĞƐƚĞƌ͕ƚŚĞƌĞĂƌĞϭ͕ϰϴϭƵŶŝƚƐƐƚŝůůŝŶƚŚĞŝŶŝƚŝĂůůĞĂƐĞͲƵƉƉĞƌŝŽĚǁŝƚŚϱϰϲƵŶŝƚƐĐƵƌƌĞŶƚůǇ x ĂǀĂŝůĂďůĞ͘dŽƌĞĂĐŚƐƚĂďŝůŝǌĞĚŽĐĐƵƉĂŶĐǇŽĨϱ͘Ϭй͕ϰϳϮƵŶŝƚƐǁŝůůŶĞĞĚƚŽďĞĂďƐŽƌďĞĚ͘dŚĞƌĞ ŝƐĂůƐŽŽŶĞĂĨĨŽƌĚĂďůĞƉƌŽƉĞƌƚǇŝŶŝŶŝƚŝĂůůĞĂƐĞͲƵƉǁŝƚŚϭϴƵŶŝƚƐĂǀĂŝůĂďůĞĂŶĚǁŽƵůĚŶĞĞĚƚŽ ĂďƐŽƌďϭϯƵŶŝƚƐƚŽƌĞĂĐŚƐƚĂďŝůŝǌĞĚŽĐĐƵƉĂŶĐǇ;ϳ͘ϬйͿ ƐŵĞŶƚŝŽŶĞĚ͕ĂďŽƵƚϵϰйŽĨƚŚĞƌĞŶƚĂůƵŶŝƚƐŝŶǀĞŶƚŽƌŝĞĚŝŶŵƵůƚŝĨĂŵŝůǇďƵŝůĚŝŶŐƐŝŶƚŚĞ x KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂǁĞƌĞůŽĐĂƚĞĚŝŶZŽĐŚĞƐƚĞƌ͘dŚĞĨŽůůŽǁŝŶŐŝƐƚŚĞďƌĞĂŬĚŽǁŶŽĨ ĂǀĞƌĂŐĞƐŝǌĞ͕ĂǀĞƌĂŐĞŵŽŶƚŚůǇƌĞŶƚ͕ĂŶĚĂǀĞƌĂŐĞƌĞŶƚƉĞƌƐƋƵĂƌĞĨŽŽƚďǇĂƌĞĂ͗ DĂƌŬĞƚZĂƚĞǀŐ͘^͘&͘ǀŐ͘ZĞŶƚǀŐ͘ZĞŶƚͬ^͘&͘ R ZŽĐŚĞƐƚĞƌϴϳϭΨϭ͕ϰϴϴΨϭ͘ϳϭ R KƵƚƐŝĚĞZŽĐŚĞƐƚĞƌϵϱϱΨϭ͕ϯϭϲΨϭ͘ϯϴ RDƌĞĂϴϭϵΨϭ͕ϴϭϬΨϮ͘Ϯϭ ĨĨŽƌĚĂďůĞǀŐ͘^͘&͘ǀŐ͘ZĞŶƚǀŐ͘ZĞŶƚͬ^͘&͘ R ZŽĐŚĞƐƚĞƌϵϰϭΨϭ͕ϮϵϱΨϭ͘ϯϴ R KƵƚƐŝĚĞZŽĐŚĞƐƚĞƌϵϵϱΨϭ͕ϭϯϱΨϭ͘ϭϰ RDƌĞĂϳϱϯΨϭ͕ϯϰϵΨϭ͘ϳϵ ^ĞŶŝŽƌ,ŽƵƐŝŶŐDĂƌŬĞƚŶĂůǇƐŝƐ ^ĞŶŝŽƌŚŽƵƐŝŶŐŝƐĂĐŽŶĐĞƉƚƚŚĂƚŐĞŶĞƌĂůůǇƌĞĨĞƌƐƚŽƚŚĞŝŶƚĞŐƌĂƚĞĚĚĞůŝǀĞƌǇŽĨŚŽƵƐŝŶŐĂŶĚ x ƐĞƌǀŝĐĞƐƚŽƐĞŶŝŽƌƐ͘WƌŽĚƵĐƚƐƌĂŶŐĞĨƌŽŵŝŶĚĞƉĞŶĚĞŶƚĂƉĂƌƚŵĞŶƚƐĂŶĚͬŽƌƚŽǁŶŚŽŵĞƐǁŝƚŚ ǀŝƌƚƵĂůůǇŶŽƐĞƌǀŝĐĞƐŽŶŽŶĞĞŶĚ͕ƚŽŚŝŐŚůǇƐƉĞĐŝĂůŝǌĞĚ͕ƐĞƌǀŝĐĞͲŝŶƚĞŶƐŝǀĞĂƐƐŝƐƚĞĚůŝǀŝŶŐƵŶŝƚƐ ŽƌŚŽƵƐŝŶŐŐĞĂƌĞĚĨŽƌƉĞŽƉůĞǁŝƚŚĚĞŵĞŶƚŝĂͲƌĞůĂƚĞĚŝůůŶĞƐƐĞƐ;ƚĞƌŵĞĚΗŵĞŵŽƌǇĐĂƌĞΗͿŽŶ ƚŚĞŽƚŚĞƌĞŶĚŽĨƚŚĞƐƉĞĐƚƌƵŵ͘ dŚĞƐƚƌŽŶŐĞƐƚŐƌŽǁƚŚŝƐƉƌĞĚŝĐƚĞĚƚŽŽĐĐƵƌĂŵŽŶŐŽůĚĞƌĂĚƵůƚƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇ x DĂƌŬĞƚƌĞĂ͘ŐŝŶŐŽĨďĂďǇďŽŽŵĞƌƐůĞĚƚŽĂŶŝŶĐƌĞĂƐĞŽĨϰ͕ϵϲϭƉĞŽƉůĞ;ϰϵйͿŝŶƚŚĞϲϱƚŽ ϳϰƉŽƉƵůĂƚŝŽŶďĞƚǁĞĞŶϮϬϭϬĂŶĚϮϬϮϬŝŶƚŚĞDĂƌŬĞƚƌĞĂ͘ƐƚŚŝƐŐƌŽƵƉĂŐĞƐ͕ƚŚĞϳϱĂŶĚ ŽůĚĞƌĐŽŚŽƌƚŝƐƉƌŽũĞĐƚĞĚƚŽŐƌŽǁďǇϯϳй;ϰ͕ϱϳϬƉĞŽƉůĞͿǁŚŝůĞƚŚĞϲϱƚŽϳϰĂŐĞŐƌŽƵƉǁŝůů ĂůƐŽŐƌŽǁďǇϮϰ͘ϱй;ϯ͕ϲϵϲƉĞŽƉůĞͿĨƌŽŵϮϬϮϬƚŽϮϬϯϬ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϲ yhd/s^hDDZz DĂǆĨŝĞůĚZĞƐĞĂƌĐŚŝĚĞŶƚŝĨŝĞĚϯϵƐĞŶŝŽƌŚŽƵƐŝŶŐƉƌŽƉĞƌƚŝĞƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚ x ƌĞĂǁŝƚŚŶĞĂƌůǇϯ͕ϯϬϬƵŶŝƚƐ͕ŽĨǁŚŝĐŚϱϱйŽĨƚŚĞƵŶŝƚƐƉƌŽǀŝĚĞƐĞƌǀŝĐĞͲĞŶŚĂŶĐĞĚŚŽƵƐŝŶŐ͘ dŚĞƐĞŝŶĐůƵĚĞϴϬϯŝŶĚĞƉĞŶĚĞŶƚůŝǀŝŶŐƵŶŝƚƐ͕ϱϵϰĂƐƐŝƐƚĞĚůŝǀŝŶŐƵŶŝƚƐĂŶĚϰϬϲŵĞŵŽƌǇĐĂƌĞ ƵŶŝƚƐ͘ĐƚŝǀĞĂĚƵůƚŚŽƵƐŝŶŐĐŽŶƐŝƐƚƐŽĨϱϭϱŵĂƌŬĞƚƌĂƚĞƵŶŝƚƐ͕ϳϲĂĨĨŽƌĚĂďůĞƵŶŝƚƐ͕ĂŶĚϴϵϱ ƐƵďƐŝĚŝǌĞĚƵŶŝƚƐ͘ ŵŽŶŐƉƌŽƉĞƌƚŝĞƐƚŚĂƚƉƌŽǀŝĚĞĚĐŽŵƉůĞƚĞƐƵƌǀĞǇĚĂƚĂ͕ƚŚĞƌĞǁĞƌĞϲϲǀĂĐĂŶĐŝĞƐƌĞƐƵůƚŝŶŐŝŶ x ĂŶŽǀĞƌĂůůǀĂĐĂŶĐǇƌĂƚĞŽĨϮ͘ϬйĨŽƌƐĞŶŝŽƌƉƌŽƉĞƌƚŝĞƐ͘dŚĞĞƋƵŝůŝďƌŝƵŵǀĂĐĂŶĐǇƌĂƚĞƐĨŽƌ ƐĞŶŝŽƌŚŽƵƐŝŶŐĂƌĞďĞƚǁĞĞŶϱйĂŶĚϳй;ϱйĨŽƌŝŶĚĞƉĞŶĚĞŶƚůŝǀŝŶŐĂŶĚϳйĨŽƌĂƐƐŝƐƚĞĚůŝǀŝŶŐ ĂŶĚŵĞŵŽƌǇĐĂƌĞͿ͘ ƚƚŚĞƚŝŵĞŽĨƚŚĞƐƵƌǀĞǇ͕ƚŚĞƌĞǁĞƌĞϯϳǀĂĐĂŶƚƐĞƌǀŝĐĞͲĞŶŚĂŶĐĞĚƵŶŝƚƐ;Ϯ͘ϭйǀĂĐĂŶĐǇƌĂƚĞͿ͘ x dŚĞĂĐƚŝǀĞĂĚƵůƚŵĂƌŬĞƚƌĂƚĞŽǁŶĞƌƐŚŝƉƵŶŝƚƐǁĞƌĞĨƵůůǇŽĐĐƵƉŝĞĚǁŚŝůĞƚŚĞŵĂƌŬĞƚƌĂƚĞ ƌĞŶƚĂůŚĂĚϭϲǀĂĐĂŶĐŝĞƐ;ϲ͘ϳйǀĂĐĂŶĐǇƌĂƚĞͿ͘^ƵďƐŝĚŝǌĞĚĂĐƚŝǀĞĂĚƵůƚƵŶŝƚƐŚĂĚĂǀĂĐĂŶĐǇ ƌĂƚĞŽĨϭ͘ϭй;ϭϬƵŶŝƚƐͿĂŶĚƚŚĞƌĞǁĞƌĞŽŶůǇƚŚƌĞĞĂĨĨŽƌĚĂďůĞƵŶŝƚƐǀĂĐĂŶƚĨŽƌĂǀĂĐĂŶĐǇƌĂƚĞ ŽĨϯ͘ϵй͘ ϵϯйŽĐĐƵƉĂŶĐǇƌĂƚĞŝƐŐĞŶĞƌĂůůǇĐŽŶƐŝĚĞƌĞĚĞƋƵŝůŝďƌŝƵŵŝŶĂƐƐŝƐƚĞĚůŝǀŝŶŐĂŶĚŵĞŵŽƌǇ x ĐĂƌĞŚŽƵƐŝŶŐ͕ǁŚŝůĞϵϱйŽĐĐƵƉĂŶĐǇĐŽŶƐŝĚĞƌĞĚĞƋƵŝůŝďƌŝƵŵŝŶŝŶĚĞƉĞŶĚĞŶƚůŝǀŝŶŐĂŶĚĂĐƚŝǀĞ ĂĚƵůƚ͘ƐƐƵĐŚ͕ƚŚĞĐƵƌƌĞŶƚƐƵƉƉůǇƵŶŝƚƐŽĨŶĞĂƌůǇĂůůƐĞŶŝŽƌŚŽƵƐŝŶŐƚǇƉĞƐĂƉƉĞĂƌƚŽďĞ ƵŶĚĞƌƐƵƉƉůŝĞĚ͘ĐƚŝǀĞĂĚƵůƚŵĂƌŬĞƚƌĂƚĞƌĞŶƚĂůĂŶĚĂĨĨŽƌĚĂďůĞŝƐĐƵƌƌĞŶƚůǇĂďƐŽƌďŝŶŐƚŚĞ ŶĞǁůǇďƵŝůƚ&ŽƌƚĞ^ĞŶŝŽƌ>ŝǀŝŶŐĂĐĐŽƵŶƚŝŶŐĨŽƌƚŚĞŚŝŐŚĞƌǀĂĐĂŶĐǇƌĂƚĞƐ &ŽƌͲ^ĂůĞ,ŽƵƐŝŶŐDĂƌŬĞƚŶĂůǇƐŝƐ dŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŚĂƐĂǀĞƌĂŐĞĚϮ͕ϬϯϵƐŝŶŐůĞͲĨĂŵŝůǇƌĞƐĂůĞƐĂŶĚϰϲϵ x ƚŽǁŶŚŽŵĞƌĞƐĂůĞƐĂŶŶƵĂůůǇƐŝŶĐĞϮϬϮϬ͘dƌĂŶƐĂĐƚŝŽŶĂĐƚŝǀŝƚǇŚĂƐĚĞĐƌĞĂƐĞĚŽǀĞƌƚŚĂƚƉĞƌŝŽĚ ƐŝŶŐůĞͲĨĂŵŝůǇƌĞƐĂůĞƐĚŝƉƉŝŶŐƚŽϭ͕ϳϬϳŝŶϮϬϮϯĂŶĚϭ͕ϳϳϲŝŶϮϬϮϰǁŚŝůĞƚŽǁŶŚŽŵĞƐŚĂǀĞ ĚƌŽƉƉĞĚƚŽϰϭϬŝŶϮϬϮϰ͘dŚĞĚĞĐůŝŶĞŚĂƐďĞĞŶĐĂƵƐĞĚďǇĐŽŶƚŝŶƵŝŶŐƌŝƐĞŝŶƐĂůĞƉƌŝĐĞƐ ĐŽƵƉůĞĚǁŝƚŚŝŶĐƌĞĂƐĞĚŵŽƌƚŐĂŐĞƌĂƚĞƐĚƵĞƚŽƌĞĐĞŶƚŝŶĨůĂƚŝŽŶ͘ ^ŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞƉƌŝĐĞƐŚĂǀĞƐŚŝĨƚĞĚƵƉǁĂƌĚƐƐŝŶĐĞƚŚĞƉƌĞǀŝŽƵƐƐƚƵĚǇĐŽŶĚƵĐƚĞĚŝŶϮϬϮϬ͘ x dŚĞĚĂƚĂďĞůŽǁŝŶĚŝĐĂƚĞƐƚŚĂƚƚŚĞŵĂũŽƌŝƚǇŽĨƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞƌĞƐĂůĞƉƌŝĐĞƐĂƌĞŶŽǁĂƚ ΨϯϬϬ͕ϬϬϬŽƌŵŽƌĞǁŚĞŶƉƌŝŽƌƚŚĞŵĂũŽƌŝƚǇǁĞƌĞǁŝƚŚŝŶΨϮϬϬ͕ϬϬϬƚŽΨϯϬϬ͕ϬϬϬ͘DƵůƚŝĨĂŵŝůǇ ƌĞƐĂůĞĂůƐŽĐŚĂŶŐĞĚĨƌŽŵďĞƚǁĞĞŶΨϭϬϬ͕ϬϬϬĂŶĚΨϮϬϬ͕ϬϬϬƚŽΨϮϬϬ͕ϬϬϬĂŶĚΨϯϬϬ͕ϬϬϬ͘ ^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇ;dŽǁŶŚŽŵĞͿ ϮϬϮϬϮϬϮϰϮϬϭϵϮϬϮϯ ΨϮϬϬ<ͲϯϬϬ<ϰϭйΨϮϬϬ<ͲϯϬϬ<ϮϴйΨϭϬϬ<ͲϮϬϬ<ϯϭйΨϭϬϬ<ͲϮϬϬ<ϰϭй ΨϯϬϬ<ͲϰϬϬ<ϭϳйΨϯϬϬ<ͲϰϬϬ<ϮϵйΨϮϬϬ<ͲϯϬϬ<ϵйΨϮϬϬ<ͲϯϬϬ<Ϯϲй ΨϰϬϬ<нϭϲ͘ϱйΨϰϬϬ<нϯϴйΨϯϬϬ<нϳйΨϯϬϬ<нϭϮй dŚĞŵĞĚŝĂŶƌĞƐĂůĞƉƌŝĐĞŽĨƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂǁĂƐϲϯй x ŚŝŐŚĞƌŝŶϮϬϮϰ;Ψϯϰϱ͕ϬϬϬͿǁŚĞŶĐŽŵƉĂƌĞĚƚŽϮϬϭϵ;ΨϮϭϭ͕ϭϱϬͿ͘DĞĚŝĂŶƚŽǁŶŚŽŵĞƌĞƐĂůĞ Dy&/>Z^Z,ΘKE^h>d/E'ϳ yhd/s^hDDZz ƉƌŝĐĞƐŚĂǀĞĂůƐŽŐƌŽǁŶďƵƚŶŽƚƚŽƚŚĞĞǆƚƌĞŵĞĚĞŐƌĞĞĂƐƐŝŶŐůĞͲĨĂŵŝůǇ͘dŚĞŵĞĚŝĂŶƌĞƐĂůĞ ƉƌŝĐĞĨŽƌƚŽǁŶŚŽŵĞŝŶϮϬϮϰǁĂƐΨϮϲϳ͕ϬϬϬĐŽŵƉĂƌĞĚƚŽΨϮϭϬ͕ϬϬϬŝŶϮϬϭϵ Ϡϙ͖͑҇ϙēĖČēôŘϟ ϙ /ŶǀĞŶƚŽƌǇ;ŝ͘Ğ͘ŚŽŵĞƐĨŽƌƐĂůĞͿŚĂƐďĞĞŶůŽǁƌĞĐĞŶƚůǇǁŝƚŚϯϰϰŚŽŵĞƐůŝƐƚĞĚŝŶKůŵƐƚĞĚ x ŽƵŶƚǇĂƐŽĨ:ĂŶƵĂƌǇϮϬϮϱ͖ƌĞƐƵůƟŶŐŝŶĂƟŐŚƚĞƌŵĂƌŬĞƚŽĨŚŽŵĞƐĨŽƌƐĂůĞĨŽƌďƵǇĞƌƐ͘KǀĞƌ ƚŚĞƉĂƐƚϭϱǇĞĂƌƐ͕ƚŚĞŚŝŐŚĞƐƚĂĐƟǀĞůŝƐƟŶŐǇĞĂƌǁĂƐϮϬϭϬǁŚĞŶϭ͕ϱϰϴǁĞƌĞĨŽƌƐĂůĞ͘>ŝƐƟŶŐ ŚĂǀĞĚĞĐůŝŶĞĚƐŝŐŶŝĮĐĂŶƚůǇŽǀĞƌƚŚĞůĂƐƚĚĞĐĂĚĞƌĞĂĐŚŝŶŐĂŶĂůůͲ ƟŵĞůŽǁŝŶϮϬϮϭǁŝƚŚϮϰϭ͘ ^ŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞƐǁĞƌĞĂǀĂŝůĂďůĞĂƚĂůůƉƌŝĐĞƌĂŶŐĞƐǁŝƚŚϭϱйŽĨƚŚĞůŝƐƚŝŶŐƐƉƌŝĐĞĚ x ďĞƚǁĞĞŶΨϯϬϬ͕ϬϬϬƚŽΨϯϵϵ͕ϵϵϵ͘KǀĞƌĂůů͕ϱϲйŽĨůŝƐƚŝŶŐƐǁĞƌĞƉƌŝĐĞĚĂƚΨϰϬϬ͕ϬϬϬŽƌŵŽƌĞ͘ :ƵƐƚϮϳйŽĨŚŽŵĞƐǁĞƌĞƉƌŝĐĞĚďĞůŽǁΨϯϬϬ͕ϬϬϬǁŝƚŚϭͬϯ ƌĚďĞŝŶŐŵƵůƚŝĨĂŵŝůǇƉƌŽƉĞƌƚŝĞƐ͘ ĂƐĞĚŽŶƚŚĞŵĞĚŝĂŶůŝƐƚƉƌŝĐĞŽĨΨϱϭϵ͕ϬϬϬŝŶKůŵƐƚĞĚŽƵŶƚǇĨŽƌĂƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞ͕ƚŚĞ x ŝŶĐŽŵĞƌĞƋƵŝƌĞĚƚŽĂĨĨŽƌĚĂŚŽŵĞĂƚƚŚŝƐƉƌŝĐĞǁŽƵůĚďĞĂďŽƵƚΨϭϰϴ͕ϮϴϱƚŽΨϭϳϯ͕ϬϬϬďĂƐĞĚ ŽŶƚŚĞƐƚĂŶĚĂƌĚŽĨϯ͘ϬƚŽϯ͘ϱƚŝŵĞƐƚŚĞŵĞĚŝĂŶŝŶĐŽŵĞ;ĂŶĚĂƐƐƵŵŝŶŐƚŚĞƐĞŚŽƵƐĞŚŽůĚƐĚŽ ŶŽƚŚĂǀĞĂŚŝŐŚůĞǀĞůŽĨĚĞďƚͿ͘ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚŝŶǀĞŶƚŽƌŝĞĚϭϭϴƐƵďĚŝǀŝƐŝŽŶƐǁŝƚŚϭ͕ϲϯϳǀĂĐĂŶƚĂǀĂŝůĂďůĞůŽƚƐ͘KŶůǇϭϬϳ x ŽĨƚŚĞƐĞůŽƚƐĂƌĞĨŽƌĂƚƚĂĐŚĞĚƚǁŝŶŚŽŵĞͬƚŽǁŶŚŽŵĞƵŶŝƚƐ͘ĂƐĞĚŽŶŚŝƐƚŽƌŝĐďƵŝůĚŝŶŐ ƉĞƌŵŝƚƐ͕ƚŚĞĐƵƌƌĞŶƚůŽƚƐƵƉƉůǇďůĞŶĚĞĚĂĐƌŽƐƐƚŚĞĐŽƵŶƚǇŝƐĂďŽƵƚĨŽƵƌǇĞĂƌƐĚĞĞƉ͘ƚŚƌĞĞͲ ƚŽĨŝǀĞͲǇĞĂƌůŽƚƐƵƉƉůǇŝƐƌĞĐŽŵŵĞŶĚĞĚ͕ƚŚƵƐƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝƐĐƵƌƌĞŶƚůǇ ǁŝƚŚŝŶƚŚĞƐƵŐŐĞƐƚĞĚůŽƚƐƵƉƉůǇ͘,ŽǁĞǀĞƌ͕ŐŝǀĞŶƚŚĞƚŝŵĞůŝŶĞƚŽďƌŝŶŐŶĞǁůŽƚƐƚŽƚŚĞ ŵĂƌŬĞƚ͕ŶĞǁƉƌŽƉŽƐĂůƐŵƵƐƚďĞďƌŽƵŐŚƚĨŽƌǁĂƌĚƐŽŽŶĞƌƚŚĂŶůĂƚĞƌƚŽŵĞĞƚĨƵƚƵƌĞĚĞŵĂŶĚ͘ ĞǀĞůŽƉŵĞŶƚWŝƉĞůŝŶĞ dŚĞƌĞĂƌĞĂŶƵŵďĞƌŽĨƉƌŽũĞĐƚƐŝŶƚŚĞĐŽƵŶƚǇƚŚĂƚĂƌĞƵŶĚĞƌĐŽŶƐƚƌƵĐƚŝŽŶ͕ĂƉƉƌŽǀĞĚ͕Žƌ x ƉůĂŶŶĞĚ͘dŚĞĨŽůůŽǁŝŶŐŐƌĂƉŚƐŚŽǁƐĂƐƵŵŵĂƌǇŽĨƉƌŽũĞĐƚƐŝŶƚŚĞĐŽƵŶƚǇŵĂƌŬĞƚ͘ ĞǀĞůŽƉŵĞŶƚWŝƉĞůŝŶĞďǇWƌŽĚƵĐƚdǇƉĞ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂͲYϰϮϬϮϰͬYϭϮϬϮϱ ϭ͕ϮϬϬ ϭ͕ϬϬϬ ϵϵϮ ϴϬϬ ϳϳϲ ϳϴϬ ϲϵϬ ϲϬϬ ϰϬϬ ϯϯϵ ϯϭϲ ϮϬϬ ϲϴ ϮϭϬ ϯϲ ϭϲϭϲ ϰ Ϭ DĂƌŬĞƚZĂƚĞZĞŶƚĂůĨĨŽƌĚĂďůĞZĞŶƚĂůŐĞͲZĞƐƚƌŝĐƚĞĚ&ŽƌͲ^ĂůĞ^&&ŽƌͲ^ĂůĞD& ZĞŶƚĂůΎ hŶĚĞƌŽŶƐƚƌƵĐƚŝŽŶƉƉƌŽǀĞĚWůĂŶŶĞĚ Dy&/>Z^Z,ΘKE^h>d/E'ϴ yhd/s^hDDZz ^ƉĞĐŝĂůEĞĞĚƐ dŚĞŚŝŐŚĞƐƚƉƌŽƉŽƌƚŝŽŶŽĨŚŽƵƐĞŚŽůĚƐƐĞĞŬŝŶŐŚŽƵƐŝŶŐǁĞƌĞĚƵůƚƐϮϱнǁŝƚŚŽƵƚĐŚŝůĚƌĞŶ x ;ϱϳ͘ϱйͿ͕ǁŚŝůĞƚŚĞůĂƌŐĞƐƚŶƵŵďĞƌŽĨƉĞŽƉůĞƐĞĞŬŝŶŐŚŽƵƐŝŶŐ͕ϵϲϰ͕ǁĞƌĞĚƵůƚƐϮϱнǁŝƚŚ ĐŚŝůĚƌĞŶ͕ϱϬ͘ϳйŽĨĂůůƉĞŽƉůĞ͘ dŚĞtŝůĚĞƌZĞƐĞĂƌĐŚŽŶĞͲĚĂǇƐƚĂƚĞǁŝĚĞƐƚƵĚǇŽĨŚŽŵĞůĞƐƐŝŶĚŝǀŝĚƵĂůƐŝŶϮϬϮϯŝŶĚŝĐĂƚĞĚƚŚĂƚ x ϮϳйŽĨƚŚŽƐĞŝĚĞŶƚŝĨŝĞĚĂƐŚŽŵĞůĞƐƐŝŶ^DŝŶŶĞƐŽƚĂǁĞƌĞĂŐĞϱϱǇĞĂƌƐŽƌŽůĚĞƌĐŽŵƉĂƌĞĚ ǁŝƚŚϭϳйŝŶDŝŶŶĞƐŽƚĂ͘ KŶůǇϮϮйŽĨƚŚŽƐĞŝĚĞŶƚŝĨŝĞĚĂƐŚŽŵĞůĞƐƐǁĞƌĞĞŵƉůŽǇĞĚ͘dŚŝƐĐŽŵƉĂƌĞƐƚŽϮϯйƐƚĂƚĞǁŝĚĞ͕ x ŶŽƚĂƐŝŐŶŝĨŝĐĂŶƚĚŝĨĨĞƌĞŶĐĞ͘&ŽƌƚŚŽƐĞƚŚĂƚĂƌĞĞŵƉůŽǇĞĚ͕ϰϵйǁŽƌŬƉĂƌƚͲƚŝŵĞĂŶĚϱϭй ǁŽƌŬĨƵůůͲƚŝŵĞ͘ ,ŽƵƐŝŶŐĨĨŽƌĚĂďŝůŝƚǇ ,ŽŵĞƉƌŝĐĞƐŚĂǀĞĞǆƉĞƌŝĞŶĐĞĚĂƐƚƌŽŶŐŝŶĐƌĞĂƐĞĨƌŽŵƚŚĞƉƌĞǀŝŽƵƐƐƚƵĚǇŝŶϮϬϮϬ͘ƐƐŚŽǁŶ x ďĞůŽǁ͕ƚŚĞŶƵŵďĞƌŽĨŽǁŶĞƌŚŽƵƐĞŚŽůĚƐǁŚŽĐŽƵůĚĂĨĨŽƌĚƚŚĞĂǀĞƌĂŐĞƉƌŝĐĞĚŚŽŵĞŝŶƚŚĞ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘ ^ƵďŵĂƌŬĞƚϮϬϮϬϮϬϮϱŚĂŶŐĞ KůŵƐƚĞĚŽƵŶƚǇDϲϭ͘Ϯйϱϲ͘ϮйͲϱ͘Ϭй dŚĞƌŝƐŝŶŐĨŽƌͲƐĂůĞŚŽƵƐŝŶŐƉƌŝĐĞƐŚĂƐŵĂĚĞŽǁŶĞƌƐŚŝƉůĞƐƐĂƉƉĞĂůŝŶŐĂŶĚĂĨĨŽƌĚĂďůĞ x ƉƵƐŚŝŶŐŵĂŶǇĨŝƌƐƚͲƚŝŵĞŚŽŵĞďƵǇĞƌƐƚŽďĞƌĞŶƚĞƌƐ͘ƐƐŚŽǁŶďĞůŽǁ͕ƚŚĞŶƵŵďĞƌŽĨƌĞŶƚĞƌ ŚŽƵƐĞŚŽůĚƐǁŚŽĐŽƵůĚĂĨĨŽƌĚƚŚĞĂǀĞƌĂŐĞƌĞŶƚĂůƌĂƚĞŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘ ^ƵďŵĂƌŬĞƚϮϬϮϬϮϬϮϱŚĂŶŐĞ KůŵƐƚĞĚŽƵŶƚǇDϯϳ͘ϲйϰϰ͘Ϭйϲ͘ϰй dŚĞKůŵƐƚĞĚŽƵŶƚǇ,ZĂĚŵŝŶŝƐƚĞƌƐϲϮϬŚŽƵƐŝŶŐĐŚŽŝĐĞǀŽƵĐŚĞƌƐŝŶKůŵƐƚĞĚŽƵŶƚǇ͘dŚĞ x ŝƚǇŽĨZŽĐŚĞƐƚĞƌŝƐŚŽŵĞƚŽϵϱй;ϲϬϭǀŽƵĐŚĞƌƐͿŽĨƚŚĞŚŽƵƐŝŶŐĐŚŽŝĐĞǀŽƵĐŚĞƌƐ ĂĚŵŝŶŝƐƚĞƌĞĚ͘ƵƌƌĞŶƚůǇ͕ƚŚĞƌĞĂƌĞϵϬŚŽƵƐŝŶŐĐŚŽŝĐĞǀŽƵĐŚĞƌƐƚŚĂƚŚĂǀĞďĞĞŶƉŽƌƚĞĚŝŶ ĨƌŽŵŽƵƚƐŝĚĞŽĨƚŚĞĐŽƵŶƚǇ͘ ŶĞƐƚŝŵĂƚĞĚϰϴйŽĨĞǆŝƐƚŝŶŐƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐŝŶƚŚĞDĂƌŬĞƚƌĞĂĐĂŶĂĨĨŽƌĚƚŽƌĞŶƚĂ x ŽŶĞͲďĞĚƌŽŽŵƵŶŝƚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ;Ψϭ͕ϯϱϱͬŵŽŶƚŚͿĂŶĚĂŶĞƐƚŝŵĂƚĞĚ ϰϮйƚŚĂƚĐĂŶĂĨĨŽƌĚĂŶĞǆŝƐƚŝŶŐƚǁŽͲďĞĚƌŽŽŵƵŶŝƚ;Ψϭ͕ϱϯϱͬŵŽŶƚŚͿ͘ dŚĞƌĞĂƌĞĂŶĞƐƚŝŵĂƚĞĚϲϳйŽĨĂůůŚŽƵƐĞŚŽůĚƐŝŶƚŚĞDĂƌŬĞƚƌĞĂĐĂŶĂĨĨŽƌĚƚŽƌĞŶƚĂŶĞǁĞƌ x ŽŶĞͲďĞĚƌŽŽŵƵŶŝƚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ;Ψϭ͕ϲϬϬͬŵŽŶƚŚͿĂŶĚĂŶĞƐƚŝŵĂƚĞĚ ϱϴйƚŚĂƚĐĂŶĂĨĨŽƌĚĂŶĞǁĞƌƚǁŽͲďĞĚƌŽŽŵƵŶŝƚ;ΨϮ͕ϬϬϬͬŵŽŶƚŚͿ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϵ yhd/s^hDDZz ƉƉƌŽǆŝŵĂƚĞůǇϰϳйŽĨĂůůĐŽƵŶƚǇŚŽƵƐĞŚŽůĚƐĐŽƵůĚĂĨĨŽƌĚƚŽƉƵƌĐŚĂƐĞĂŶĞŶƚƌǇͲůĞǀĞůŚŽŵĞ x ŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ;ΨϯϬϬ͕ϬϬϬͿĂŶĚϯϭйŽĨĂůůŚŽƵƐĞŚŽůĚƐǁŽƵůĚŝŶĐŽŵĞ ƋƵĂůŝĨǇĨŽƌŵŽǀĞͲƵƉďƵǇĞƌƐ;ΨϰϱϬ͕ϬϬϬͿ͘ ,ŽƵƐŝŶŐEĞĞĚƐŶĂůǇƐŝƐ^ƵŵŵĂƌǇ ĂƐĞĚŽŶŽƵƌĐĂůĐƵůĂƚŝŽŶƐ͕ĚĞŵĂŶĚĞǆŝƐƚƐŝŶKůŵƐƚĞĚŽƵŶƚǇĨŽƌƚŚĞĨŽůůŽǁŝŶŐŐĞŶĞƌĂů x ŽĐĐƵƉĂŶĐǇƉƌŽĚƵĐƚƚǇƉĞƐďĞƚǁĞĞŶϮϬϮϱĂŶĚϮϬϯϱ͗ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂWƌŽũĞĐƚĞĚ'ĞŶĞƌĂůKĐĐƵƉĂŶĐǇĞŵĂŶĚ͕ϮϬϮϱʹϮϬϯϱ @ôĲôŘÍīϙ ièèŪŕÍĲèƅ ϭϮ͕Ϭϲϭ >ĺŘϱÍīôôĲťÍī ϲ͕ϵϯϳϱ͕ϭϮϰ >aŪīťĖċÍıĖīƅaċċĺŘîÍæīôŪæŜϟ ϰ͕ϴϮϮϮ͕ϭϭϱϯ͕ϯϯϲϭ͕Ϯϵϭϰϵϳ /ŶĂĚĚŝƚŝŽŶ͕ǁĞĨŝŶĚĚĞŵĂŶĚĨŽƌŵƵůƚŝƉůĞƐĞŶŝŽƌŚŽƵƐŝŶŐƉƌŽĚƵĐƚƚǇƉĞƐ͘ǇϮϬϯϱ͕ĚĞŵĂŶĚŝŶ x ƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĨŽƌƐĞŶŝŽƌŚŽƵƐŝŶŐŝƐĨŽƌĞĐĂƐƚĨŽƌƚŚĞĨŽůůŽǁŝŶŐ͗ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂWƌŽũĞĐƚĞĚ^ĞŶŝŽƌĞŵĂŶĚ͕ϮϬϯϱ ôĲĖĺŘϙ FĺŪŜĖĲČϙ ϱ͕ϴϴϬ èťĖŽôϙôŘŽĖèôϱ îŪīť(ĲēÍĲèôî ϯ͕ϮϴϵϮ͕ϱϵϭ ŪæŜĖîĖƏôîċċĺŘîÍæīôôĲťÍīI[[a iſĲôŘ ϭϲϭϰϵϴϭ͕ϰϲϲϭ͕ϮϮϴϳϵϵ ϱϲϰ ϭ͕ϭϲϰ ZĞĐŽŵŵĞŶĚĞĚƉƌŽĚƵĐƚƚǇƉĞƐĨŽƌƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĂƌĞƐŚŽǁŶŽŶƚŚĞ x ĨŽůůŽǁŝŶŐƉĂŐĞ͗ ĞƚĂŝůĞĚĚĞŵĂŶĚĐĂůĐƵůĂƚŝŽŶƐĂŶĚƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐďǇƐƵďŵĂƌŬĞƚĂƌĞƉƌŽǀŝĚĞĚŝŶŵŽƌĞĚĞƚĂŝů ŝŶƚŚĞƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐĂŶĚĐŽŶĐůƵƐŝŽŶƐƐĞĐƚŝŽŶŽĨƚŚĞƌĞƉŽƌƚ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϬ ƌŬĞƚZĂƚĞDŽĚĞƌĂƚĞͲ/ŶĐŽŵĞDĂƌŬĞƚZĂƚĞƵŝůƚĨŽƌZĞŶĨ;^&Ϳ DĂƌŬĞƚZĂƚĞdŽǁŶŚŽŵĞƐ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ &ŽƌͲ^ĂůĞ,ŽƵƐŝŶŐ;EĞǁŽŶƐƚƌƵĐƚŝŽŶͿ 'ĞŶĞƌĂůKĐĐƵƉĂŶĐǇZĞŶƚĂů,ŽƵƐŝŶŐ ^ŝŶŐůĞͲĨĂŵŝůǇͲ;EĞǁůŽƚƐŶĞĞĚĞĚͿ ,ŽƵƐŝŶŐdǇƉĞͬWƌŽŐƌĂŵ ĨĨŽƌĚĂďůĞ^ĞŶŝŽƌ,ŽƵƐŝŶŐ ^ŝŶŐůĞͲĨĂŵŝůǇďǇWƌŝĐĞ ^ĞŶŝŽƌ,ŽƵƐŝŶŐ DĂƌŬĞƚZĂƚĞ ŽĐĐƵƉĂŶƚƐ͘ Ϯ ϭ WhZWK^Θ^KW WƵƌƉŽƐĞΘ^ĐŽƉĞ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐǁĂƐĞŶŐĂŐĞĚďǇZŽĐŚĞƐƚĞƌƌĞĂ&ŽƵŶĚĂƚŝŽŶƚŽĐŽŶĚƵĐƚĂ ŽŵƉƌĞŚĞŶƐŝǀĞ,ŽƵƐŝŶŐEĞĞĚƐŶĂůǇƐŝƐĨŽƌKůŵƐƚĞĚŽƵŶƚǇ͕DŝŶŶĞƐŽƚĂ͘dŚĞ,ŽƵƐŝŶŐEĞĞĚƐ ŶĂůǇƐŝƐƉƌŽǀŝĚĞƐƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐŽŶƚŚĞĂŵŽƵŶƚĂŶĚƚǇƉĞƐŽĨŚŽƵƐŝŶŐƚŚĂƚƐŚŽƵůĚďĞ ĚĞǀĞůŽƉĞĚŝŶŽƌĚĞƌƚŽŵĞĞƚƚŚĞŶĞĞĚƐŽĨĐƵƌƌĞŶƚĂŶĚĨƵƚƵƌĞŚŽƵƐĞŚŽůĚƐǁŚŽĐŚŽŽƐĞƚŽƌĞƐŝĚĞ ŝŶƚŚĞŽƵŶƚǇ͘ dŚĞƐĐŽƉĞŽĨƚŚŝƐƐƚƵĚǇŝŶĐůƵĚĞƐ͗ĂŶĂŶĂůǇƐŝƐŽĨƚŚĞĚĞŵŽŐƌĂƉŚŝĐĂŶĚĞĐŽŶŽŵŝĐĐŚĂƌĂĐƚĞƌŝƐƚŝĐƐ ŽĨƚŚĞŽƵŶƚǇ͖ĂƌĞǀŝĞǁŽĨƚŚĞĐŚĂƌĂĐƚĞƌŝƐƚŝĐƐŽĨƚŚĞĞǆŝƐƚŝŶŐŚŽƵƐŝŶŐƐƚŽĐŬĂŶĚďƵŝůĚŝŶŐƉĞƌŵŝƚ ƚƌĞŶĚƐ͖ĂŶĂŶĂůǇƐŝƐŽĨƚŚĞŵĂƌŬĞƚĐŽŶĚŝƚŝŽŶĨŽƌĂǀĂƌŝĞƚǇŽĨƌĞŶƚĂů͕ƐĞŶŝŽƌ͕ĂŶĚĨŽƌͲƐĂůĞŚŽƵƐŝŶŐ ƉƌŽĚƵĐƚƐ͖ĂŶĚĂŶĂƐƐĞƐƐŵĞŶƚŽĨƚŚĞŶĞĞĚĨŽƌŚŽƵƐŝŶŐďǇƉƌŽĚƵĐƚƚǇƉĞŝŶƚŚĞŽƵŶƚǇ͘ ZĞĐŽŵŵĞŶĚĂƚŝŽŶƐŽŶƚŚĞŶƵŵďĞƌĂŶĚƚǇƉĞƐŽĨŚŽƵƐŝŶŐƉƌŽĚƵĐƚƐƚŚĂƚƐŚŽƵůĚďĞĐŽŶƐŝĚĞƌĞĚŝŶ ƚŚĞŽƵŶƚǇĂƌĞĂůƐŽƐƵƉƉůŝĞĚ͘ ϙ DĞƚŚŽĚŽůŽŐǇ ƵƌŝŶŐƚŚĞĐŽƵƌƐĞŽĨƚŚĞƐƚƵĚǇĂŶƵŵďĞƌŽĨƌĞƐŽƵƌĐĞƐǁĞƌĞƵƚŝůŝǌĞĚƚŽŽďƚĂŝŶŝŶĨŽƌŵĂƚŝŽŶŝŶƚŚĞ ĂŶĂůǇƐŝƐ͘dŚĞƉƌŝŵĂƌǇĚĂƚĂĂŶĚŝŶĨŽƌŵĂƚŝŽŶƐŽƵƌĐĞƐŝŶĐůƵĚĞƚŚĞĨŽůůŽǁŝŶŐ͗ h͘^͘ĞŶƐƵƐƵƌĞĂƵ͖ŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ^ƵƌǀĞǇ x DŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚŽĨŵƉůŽǇŵĞŶƚĂŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚ;Ϳ x hŶŝƚĞĚ^ƚĂƚĞƐĞƉĂƌƚŵĞŶƚŽĨ,ŽƵƐŝŶŐĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚ;,hͿ x ^Z/͕/ŶĐ͘ x 'ƌĞĂƚĞƌDŝŶŶĞĂƉŽůŝƐƌĞĂƐƐŽĐŝĂƚŝŽŶŽĨZĞĂůƚŽƌƐ x KůŵƐƚĞĚŽƵŶƚǇ x ŝƚǇƐƚĂĨĨĨƌŽŵĐŽŵŵƵŶŝƚŝĞƐĂĐƌŽƐƐKůŵƐƚĞĚŽƵŶƚǇ x >ŽŶŐŝƚƵĚŝŶĂůŵƉůŽǇĞƌͲ,ŽƵƐĞŚŽůĚǇŶĂŵŝĐƐ;>,Ϳ x DŝŶŶĞƐŽƚĂ'ĞŽƐƉĂƚŝĂůŽŵŵŽŶƐ x DŝŶŶĞƐŽƚĂ,ŽƵƐŝŶŐ&ŝŶĂŶĐĞŐĞŶĐǇ;D,&Ϳ x EŽǀŽŐƌĂĚĂĐ x WŚŽŶĞĐĂůůƐͬĞŵĂŝůƐĨƌŽŵƉƌŽƉĞƌƚǇŽǁŶĞƌƐͬŵĂŶĂŐĞƌƐ͕ƌĞĂůƚŽƌƐ͕ďƌŽŬĞƌƐ͕ x ĚĞǀĞůŽƉĞƌƐ͕ĞŵƉůŽǇĞƌƐĂŶĚŽƚŚĞƌƐ͕ĞƚĐ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϮ 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ĂƉƉůǇƚŚĞĞŶƐƵƐůŽĐŬůĞǀĞůĂƐŝƚǁŽƵůĚĐůŽƐĞůǇŵĂƚĐŚƚŚĞDŝƐƚƌŝĐƚ͘dŚŝƐĚĂƚĂůĞǀĞů ŚŽǁĞǀĞƌ͕ĐĂŶŶŽƚƵƚŝůŝǌĞƚŚĞŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ^ƵƌǀĞǇĞƐƚŝŵĂƚĞƐĂƐƚŚĞĨŝŐƵƌĞƐĂƌĞŶŽƚ ƉƌŽǀŝĚĞĚĂƚƚŚĞĞŶƐƵƐůŽĐŬůĞǀĞů͘dŚĞDƌĞĂŝŶĐůƵĚĞƐϭϮϬĞŶƐƵƐůŽĐŬƐďĂƐĞĚŽŶƚŚĞ ϮϬϮϬĞŶƐƵƐůŽĐŬďŽƵŶĚĂƌŝĞƐ͘ĞŶƐƵƐůŽĐŬďŽƵŶĚĂƌŝĞƐŚĂƐĐŚĂŶŐĞĚĨƌŽŵϮϬϬϬĂŶĚϮϬϭϬĂŶĚ ƚŚƵƐƚŚĞƌĞŵĂǇďĞƐŽŵĞĚŝƐĐƌĞƉĂŶĐŝĞƐŝŶĚĂƚĂĨƌŽŵĚĞĐĂĚĞƚŽĚĞĐĂĚĞ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϯ DK'ZW,/E>z^/^ KůŵƐƚĞĚŽƵŶƚǇ ,ŽƵƐŝŶŐ^ƵďŵĂƌŬĞƚĞĨŝŶŝƚŝŽŶƐ ǇƌŽŶŚĂƚĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƚĞǁĂƌƚǀŝůůĞ ŝƚŝĞƐ͗ ǇƌŽŶŚĂƚĨŝĞůĚΎǇŽƚĂKƌŽŶŽĐŽZŽĐŚĞƐƚĞƌͲ^ƚĞǁĂƌƚǀŝůůĞ ŽǀĞƌWŝŶĞ/ƐůĂŶĚΎ ^ƚ͘ŚĂƌůĞƐΎΎ dŽǁŶƐŚŝƉƐ͗ <ĂůŵĂƌůŵŝƌĂŽǀĞƌ&ĂƌŵŝŶŐƚŽŶͲĂƐĐĂĚĞ,ŝŐŚ&ŽƌĞƐƚ ^ĂůĞŵKƌŝŽŶǇŽƚĂEĞǁ,ĂǀĞŶ,ĂǀĞƌŚŝůůWůĞĂƐĂŶƚ'ƌŽǀĞ YƵŝŶĐǇKƌŽŶŽĐŽDĂƌŝŽŶZŽĐŬĞůů sŝŽůĂZŽĐŚĞƐƚĞƌ ƌĞĂƐŝŶĐůƵĚĞĚKhd^/ŽĨKůŵƐƚĞĚŽƵŶƚǇ͗ ŚĂƚĨŝĞůĚΎсWĂƌƚŝĂůůǇŝŶKůŵƐƚĞĚĂŶĚ&ŝůůŵŽƌĞŽƵŶƚǇ ^ƚ͘ŚĂƌůĞƐΎΎс>ŽĐĂƚĞĚŝŶtŝŶŽŶĂŽƵŶƚǇ WŝŶĞ/ƐůĂŶĚΎсWĂƌƚŝĂůůǇŝŶKůŵƐƚĞĚĂŶĚ'ŽŽĚŚƵĞŽƵŶƚǇ EŽƚĞ ͗^ƵďŵĂƌŬĞƚĞĨŝŶŝƚŝŽŶƐŚĂǀĞĐŚĂŶŐĞĚƐŝŶĐĞƚŚĞůĂƐƚKůŵƐƚĞĚŽƵŶƚǇ,ŽƵƐŝŶŐ^ƚƵĚǇ͘ŶĞǁŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚǁĂƐ ĐƌĞĂƚĞĚƌĞƐƵůƚŝŶŐŝŶĂƐŵĂůůĞƌĂƐƚ^ƵďŵĂƌŬĞƚ͘/ŶĂĚĚŝƚŝŽŶ͕WůĞĂƐĂŶƚ'ƌŽǀĞdǁƉ͘ǁĂƐŵŽǀĞĚĨƌŽŵƚŚĞĂƐƚ^ƵďŵĂƌŬĞƚƚŽƚŚĞ ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚ͘ DŶĂůǇƐŝƐƌĞĂ Dy&/>Z^Z,ΘKE^h>d/E'ϭϰ DK'ZW,/E>z^/^ ,ŝƐƚŽƌŝĐWŽƉƵůĂƟŽŶĂŶĚ,ŽƵƐĞŚŽůĚdƌĞŶĚƐ dĂďůĞƐͲϭŝŶƚŚĞĂƉƉĞŶĚŝǆƉƌĞƐĞŶƚƚŚĞƉŽƉƵůĂƚŝŽŶĂŶĚŚŽƵƐĞŚŽůĚŐƌŽǁƚŚĨŽƌƚŚĞKůŵƐƚĞĚ ŽƵŶƚǇĂŶĚĞĂĐŚƐƵďŵĂƌŬĞƚŝŶƚŚĞŽƵŶƚǇĨŽƌϭϵϵϬ͕ϮϬϬϬ͕ϮϬϭϬĂŶĚϮϬϮϬ͘dŚĞĚĂƚĂŝƐĨƌŽŵƚŚĞ h͘^͘ĞŶƐƵƐĞĐĞŶŶŝĂůĞŶƐƵƐĞƐĨŽƌĞĂĐŚĚĞĐĂĚĞ͘ dŚĞƉŽƉƵůĂƚŝŽŶŽĨKůŵƐƚĞĚŽƵŶƚǇŐƌĞǁďǇϭϯйďĞƚǁĞĞŶϮϬϭϬĂŶĚϮϬϮϬƚŽϭϲϮ͕ϴϰϳƉĞŽƉůĞ͘ x dŚĞƉĞƌĐĞŶƚŐƌŽǁƚŚŽĨƚŚĞKůŵƐƚĞĚŽƵŶƚǇǁĂƐŚŝŐŚĞƌƚŚĂŶƚŚĞϴйŐƌŽǁƚŚĨŽƌDŝŶŶĞƐŽƚĂ ŽǀĞƌƚŚĞƐĂŵĞƉĞƌŝŽĚ͘ KůŵƐƚĞĚŽƵŶƚǇĐŽŶƚŝŶƵĞĚƚŽĞǆƉĞƌŝĞŶĐĞƐƚƌŽŶŐƉŽƉƵůĂƚŝŽŶŐƌŽǁƚŚĚƵƌŝŶŐƚŚĞůĂƐƚĚĞĐĂĚĞ x ĂƐĐŽŵƉĂƌĞĚƚŽƉƌĞǀŝŽƵƐĚĞĐĂĚĞƐďƵƚŚĂƐĚĞĐĞůĞƌĂƚĞĚĂƐƚŚĞƉŽƉƵůĂƚŝŽŶŚĂƐŝŶĐƌĞĂƐĞĚ͘ WƌĞǀŝŽƵƐƉŽƉƵůĂƚŝŽŶŐƌŽǁƚŚďǇĚĞĐĂĚĞŝƐĂƐĨŽůůŽǁƐ͗ 'ƌŽǁƚŚй ϭϵϵϬͲϮϬϬϬϭϳй ϮϬϬϬͲϮϬϭϬϭϲй ϮϬϭϬͲϮϬϮϬϭϯй ^ŝŶĐĞϭϵϬϬ͕ƚŚĞƐƚƌŽŶŐĞƐƚŐƌŽǁƚŚ;ϯϲйͿŽĐĐƵƌƌĞĚĨƌŽŵϭϵϲϬƚŽϭϵϳϬ͘&ƌŽŵϭϵϱϬƚŽϮϬϮϬ͕ x KůŵƐƚĞĚŽƵŶƚǇŚĂƐŐƌŽǁŶďǇĂŶĂǀĞƌĂŐĞŽĨϭϴ͘ϱйƉĞƌǇĞĂƌ͘ KůŵƐƚĞĚŽƵŶƚǇWŽƉƵůĂƚŝŽŶ'ƌŽǁƚŚ ϭϵϬϬͲϮϬϮϬ ϭϴϬ͕ϬϬϬϱϱй ϭϲϮ͕ϴϰϳ ϭϲϬ͕ϬϬϬ ϰϱй ϭϰϰ͕Ϯϰϴ ϭϰϬ͕ϬϬϬ ϭϮϰ͕Ϯϳϳ ϭϮϬ͕ϬϬϬϯϱй WĞƌĐĞŶƚ'ƌŽǁƚŚ ϯϲй ϭϬϲ͕ϰϳϬ WŽƉƵůĂƚŝŽŶ ϭϬϬ͕ϬϬϬ Ϯϴй ϵϮ͕ϬϬϲ Ϯϱй Ϯϲй ϴϰ͕ϭϬϰ ϴϬ͕ϬϬϬ Ϯϱй ϮϬй ϲϱ͕ϱϯϮ ϲϬ͕ϬϬϬϭϱй ϭϳйϭϳй ϭϲй ϭϲй ϰϮ͕ϲϱϴ ϰϴ͕ϮϮϴ ϯϱ͕ϰϮϲ ϭϮ͘ϵй ϰϬ͕ϬϬϬ Ϯϴ͕Ϭϭϰ ϵй ϭϯй ϮϮ͕ϰϵϳ ϱй ϮϬ͕ϬϬϬ Ϯϯ͕ϭϭϵ Ͳϯй ϬͲϱй ϭϵϬϬϭϵϭϬϭϵϮϬϭϵϯϬϭϵϰϬϭϵϱϬϭϵϲϬϭϵϳϬϭϵϴϬϭϵϵϬϮϬϬϬϮϬϭϬϮϬϮϬ WĐƚ͘'ƌŽǁƚŚWŽƉƵůĂƚŝŽŶ Dy&/>Z^Z,ΘKE^h>d/E'ϭϲ DK'ZW,/E>z^/^ ,ŽƵƐĞŚŽůĚŐƌŽǁƚŚƚƌĞŶĚƐĂƌĞƚǇƉŝĐĂůůǇĂŵŽƌĞĂĐĐƵƌĂƚĞŝŶĚŝĐĂƚŽƌŽĨŚŽƵƐŝŶŐŶĞĞĚƐƚŚĂŶ ƉŽƉƵůĂƚŝŽŶŐƌŽǁƚŚƐŝŶĐĞĂŚŽƵƐĞŚŽůĚŝƐ͕ďǇĚĞĨŝŶŝƚŝŽŶ͕ĂŶŽĐĐƵƉŝĞĚŚŽƵƐŝŶŐƵŶŝƚ͘ĚĚŝƚŝŽŶĂů ĚĞŵĂŶĚ͕ŚŽǁĞǀĞƌ͕ĐĂŶƌĞƐƵůƚĨƌŽŵĐŚĂŶŐŝŶŐĚĞŵŽŐƌĂƉŚŝĐƐŽĨƚŚĞƉŽƉƵůĂƚŝŽŶďĂƐĞ͕ǁŚŝĐŚ ƌĞƐƵůƚƐŝŶĚĞŵĂŶĚĨŽƌĚŝĨĨĞƌĞŶƚŚŽƵƐŝŶŐƉƌŽĚƵĐƚƐ͘ KůŵƐƚĞĚŽƵŶƚǇ,ŽƵƐĞŚŽůĚ'ƌŽǁƚŚ ϭϵϵϬͲϮϬϮϬ ϳϬ͕ϬϬϬϮϱй ϲϱ͕ϮϰϮ ϭϵй ϭϵй ϮϬй ϲϬ͕ϬϬϬ ϭϰ͘ϯй ϱϳ͕ϬϴϬ WĞƌĐĞŶƚ'ƌŽǁƚŚ ϭϱй WŽƉƵůĂƚŝŽŶ ϱϬ͕ϬϬϬ ϭϬй ϰϳ͕ϴϬϳ ϰϬ͕ϬϬϬ ϱй ϰϬ͕Ϭϱϴ Ŷ͘ŵ͘ ϯϬ͕ϬϬϬϬй ϭϵϵϬϮϬϬϬϮϬϭϬϮϬϮϬ WĐƚ͘'ƌŽǁƚŚ,ŽƵƐĞŚŽůĚ ^ŝŵŝůĂƌƚŽƉŽƉƵůĂƚŝŽŶƚƌĞŶĚƐ͕KůŵƐƚĞĚŽƵŶƚǇƌĞƉŽƌƚĞĚƐƚƌŽŶŐŚŽƵƐĞŚŽůĚŐƌŽǁƚŚĚƵƌŝŶŐ x ƚŚĞϭϵϵϬƐ;ϭϵйͿĂŶĚϮϬϬϬƐ;ϭϵйͿ͘ĞƚǁĞĞŶϮϬϭϬĂŶĚϮϬϮϬ͕ŚŽƵƐĞŚŽůĚŐƌŽǁƚŚǁĂƐƐƚŝůů ƐƚƌŽŶŐ͕;ϭϰйͿ͕ďƵƚůŽǁĞƌƚŚĂŶƚŚĞƉƌĞǀŝŽƵƐĚĞĐĂĚĞƐ͘ ŽƚŚƉŽƉƵůĂƚŝŽŶĂŶĚŚŽƵƐĞŚŽůĚŐƌŽǁƚŚŝŶKůŵƐƚĞĚŽƵŶƚǇŚĂƐŽƵƚƉĂĐĞĚŚŽƵƐĞŚŽůĚŐƌŽǁƚŚ x ŝŶƚŚĞ^ŽƵƚŚĞĂƐƚDŝŶŶĞƐŽƚĂZĞŐŝŽŶĂŶĚDŝŶŶĞƐŽƚĂŝŶĞĂĐŚĚĞĐĂĚĞƐŚŽǁŶŝŶƚŚĞƚĂďůĞƐ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϳ DK'ZW,/E>z^/^ DŝŶŶĞƐŽƚĂWŽƉƵůĂƟŽŶdƌĞŶĚƐ dŚĞKs/ͲϭϵƉĂŶĚĞŵŝĐŚĂĚĂŵĂũŽƌŝŵƉĂĐƚŽŶĚĞŵŽŐƌĂƉŚŝĐƚƌĞŶĚƐĂĐƌŽƐƐƚŚĞ^ƚĂƚĞŽĨ DŝŶŶĞƐŽƚĂ͘/ŶŐĞŶĞƌĂů͕ƉŽƉƵůĂƚŝŽŶŐƌŽǁƚŚŚĂƐďĞĞŶƐůŽǁĞƌƚŚĞƉĂƐƚĚĞĐĂĚĞĂŶĚŝƐĨŽƌĞĐĂƐƚĞĚƚŽ ĐŽŶƚŝŶƵĞƚŽƐůŽǁĚƵĞƚŽĂǀĂƌŝĞƚǇŽĨĨĂĐƚŽƌƐƐƵĐŚĂƐůŽǁĞƌďŝƌƚŚƌĂƚĞƐ͕ŝŶĐƌĞĂƐŝŶŐǇĞĂƌůǇĚĞĂƚŚƐ͕ ĂŶĚĂƐůŽǁͲĚŽǁŶŽĨŝŶͲŵŝŐƌĂƚŝŽŶ͘DŝŶŶĞƐŽƚĂŚĂƐƚŚĞϮϮ ŶĚůĂƌŐĞƐƚƉŽƉƵůĂƚŝŽŶŝƐƚŚĞh͘^͘ĂŶĚ ƌĂŶŬƐηϮϯŝŶƚŚĞh͘^͘ĨŽƌƉŽƉƵůĂƚŝŽŶŐƌŽǁƚŚƐŝŶĐĞϮϬϮϬŚĂǀŝŶŐĂĚĚĞĚŽǀĞƌϴϲ͕ϬϬϬƉĞƌƐŽŶƐƐŝŶĐĞ ϮϬϮϬ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϴ DK'ZW,/E>z^/^ ĞƚǁĞĞŶϮϬϭϬĂŶĚϮϬϮϬ͕ϳϴйŽĨŐƌŽǁƚŚŽĐĐƵƌƌĞĚŝŶƚŚĞdǁŝŶŝƚŝĞƐDĞƚƌŽƌĞĂ͕ǁŚŝůĞϯϱ ĐŽƵŶƚŝĞƐĂĐƌŽƐƐDŝŶŶĞƐŽƚĂůŽƐƚƉŽƉƵůĂƚŝŽŶ͘,ŽǁĞǀĞƌ͕ƐŝŶĐĞϮϬϮϬŐƌŽǁƚŚŚĂƐďĞĞŶĐŽŶĐĞŶƚƌĂƚĞĚ ŝŶƚŚĞƐƵďƵƌďƐ͕ĞǆƵƌďƐ͕ůĂŬĞĐŽƵŶƚƌǇ͕ĂůŽŶŐƚŚĞ/ͲϵϰĐŽƌƌŝĚŽƌ͕ĂŶĚŝŶKůŵƐƚĞĚŽƵŶƚǇ͘dŚĞĐŽƌĞ ĐŽƵŶƚŝĞƐŽĨ,ĞŶŶĞƉŝŶĂŶĚZĂŵƐĞǇŽƵŶƚǇŚĂǀĞůŽƐƚƉŽƉƵůĂƚŝŽŶǁŚŝůĞŽƵƚůǇŝŶŐĐŽƵŶƚŝĞƐŚĂǀĞ ŐĂŝŶĞĚƚŚĞŵŽƐƚƌĞƐŝĚĞŶƚƐƐŝŶĐĞƚŚĞƉĂŶĚĞŵŝĐ͘ KƵƚƐŝĚĞŽĨƚŚĞdǁŝŶŝƚŝĞƐϳͲŽƵŶƚǇDĞƚƌŽƌĞĂ͕KůŵƐƚĞĚŽƵŶƚǇŚĂƐƚŚĞϮŚŝŐŚĞƐƚƉŽƉƵůĂƚŝŽŶ ŶĚ ŐƌŽǁƚŚŝŶƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂ͘dŚĞŝƚǇŽĨZŽĐŚĞƐƚĞƌĐŽŶƚŝŶƵĞƐƚŽŵĂŝŶƚĂŝŶŝƚƐƉůĂĐĞĂƐƚŚĞ ϯůĂƌŐĞƐƚĐŝƚǇŝŶƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂĂŶĚŝƐƚŚĞůĂƌŐĞƐƚŵƵŶŝĐŝƉĂůŝƚǇŽƵƚƐŝĚĞDŝŶŶĞĂƉŽůŝƐĂŶĚ ƌĚ ^ƚ͘WĂƵů͘dŚĞŵĂƉŽŶƚŚĞĨŽůůŽǁŝŶŐƉĂŐĞƐŚŽǁƐ^ŽƵƚŚĞĂƐƚĞƌŶDŝŶŶĞƐŽƚĂŝƐŽŶĞŽĨƚŚĞŽŶůǇ ƌĞŐŝŽŶƐŝŶƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂŽƵƚƐŝĚĞƚŚĞdǁŝŶŝƚŝĞƐDĞƚƌŽƌĞĂƚŚĂƚŝƐŐƌŽǁŝŶŐʹůĞĚŝŶ ƉĂƌƚďǇƐƚƌŽŶŐũŽďĂŶĚƉŽƉƵůĂƚŝŽŶŐƌŽǁƚŚŝŶZŽĐŚĞƐƚĞƌĂŶĚKůŵƐƚĞĚŽƵŶƚǇ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϵ DK'ZW,/E>z^/^ WŽƉƵůĂƟŽŶĂŶĚ,ŽƵƐĞŚŽůĚƐƟŵĂƚĞƐĂŶĚWƌŽũĞĐƟŽŶƐ dĂďůĞͲϭŝŶƚŚĞĂƉƉĞŶĚŝǆƉƌĞƐĞŶƚƐƉŽƉƵůĂƚŝŽŶĂŶĚŚŽƵƐĞŚŽůĚŐƌŽǁƚŚƚƌĞŶĚƐĂŶĚƉƌŽũĞĐƚŝŽŶƐ ĨŽƌƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂƚŽϮϬϰϬ͘dŚĞƚĂďůĞĐĂŶďĞĨŽƵŶĚŝŶƚŚĞĂƉƉĞŶĚŝǆ͘ ƐƚŝŵĂƚĞƐĨŽƌϮϬϮϱĂŶĚƉƌŽũĞĐƚŝŽŶƐƚŽϮϬϰϬĂƌĞďĂƐĞĚŽŶŝŶĨŽƌŵĂƚŝŽŶĨƌŽŵ^Z/͕/ŶĐ͘;ĂŶĂƚŝŽŶĂů ĚĞŵŽŐƌĂƉŚŝĐƐƐĞƌǀŝĐĞƉƌŽǀŝĚĞƌͿĂŶĚƚŚĞDŝŶŶĞƐŽƚĂ^ƚĂƚĞĞŵŽŐƌĂƉŚŝĐĞŶƚĞƌĂŶĚǁĞƌĞ ĂĚũƵƐƚĞĚďǇDĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐ͕ďĂƐĞĚŽŶůŽĐĂůďƵŝůĚŝŶŐƉĞƌŵŝƚƚƌĞŶĚƐĂŶĚĨƵƚƵƌĞ ƉůĂŶŶĞĚĚĞǀĞůŽƉŵĞŶƚƐŝŶƚŚĞƉŝƉĞůŝŶĞ͘ /ŶϮϬϮϬ͕ƚŚĞƉŽƉƵůĂƚŝŽŶŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂǁĂƐϭϳϭ͕ϱϱϱ͘dŚĞDĂũŽƌŝƚǇŽĨ x KůŵƐƚĞĚŽƵŶƚǇ͛ƐƉŽƉƵůĂƚŝŽŶŝƐůŽĐĂƚĞĚŝŶZŽĐŚĞƐƚĞƌ;ϭϮϭ͕ϯϵϱƉĞŽƉůĞͿǁŚŝĐŚĂĐĐŽƵŶƚƐĨŽƌ ϳϭйŽĨƚŚĞŽǀĞƌĂůůDĂƌŬĞƚƌĞĂƉŽƉƵůĂƚŝŽŶ͘ dŚĞƌĞǁĞƌĞϲϴ͕ϳϬϭŚŽƵƐĞŚŽůĚƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝŶϮϬϮϬ͘^ŝŵŝůĂƌƚŽ x ƉŽƉƵůĂƚŝŽŶƚƌĞŶĚƐ͕ϳϯйŽĨƚŚĞĐŽƵŶƚǇŚŽƵƐĞŚŽůĚƐĂƌĞŝŶZŽĐŚĞƐƚĞƌ;ϰϵ͕ϵϬϰŚŽƵƐĞŚŽůĚƐͿ͘ ĞƚǁĞĞŶϮϬϭϬĂŶĚϮϬϮϬ͕ƚŚĞKůŵƐƚĞĚŽƵŶƚǇƉŽƉƵůĂƚŝŽŶŐƌĞǁďǇϭϯй;ϭϴ͕ϱϵϵƉĞŽƉůĞͿ͘ x dŚŝƐǁĂƐƐůŝŐŚƚůǇůĞƐƐ;ϯйͿƚŚĂŶƚŚĞƉƌĞǀŝŽƵƐĚĞĐĂĚĞ;ϮϬϬϬƚŽϮϬϭϬͿĂƚϭϲй;ϭϵ͕ϵϳϭƉĞŽƉůĞͿ͘ ůůƐƵďŵĂƌŬĞƚƐĞǆƉĞƌŝĞŶĐĞĚƉŽƉƵůĂƚŝŽŶŐƌŽǁƚŚďĞƚǁĞĞŶϮϬϭϬĂŶĚϮϬϮϬ͘dŚĞƐƵďŵĂƌŬĞƚƐ ǁŝƚŚŚŝŐŚĞƐƚƉŽƉƵůĂƚŝŽŶŐƌŽǁƚŚƌĂƚĞƐǁĞƌĞ͗ ǇƌŽŶϮϭ͘Ϭй;ϭ͕ϰϳϳƉĞŽƉůĞͿ EŽƌƚŚϭϱ͘Ϯй;ϭ͕ϮϳϲƉĞŽƉůĞͿ ZŽĐŚĞƐƚĞƌϭϯ͘ϳй;ϭϰ͕ϲϮϲƉĞŽƉůĞͿ WŽƉƵůĂƚŝŽŶ'ƌŽǁƚŚ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĂŶĚZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ ϮϬϬϬͲϮϬϯϱ ϮϬϬ͕ϬϬϬ ϭϴϬ͕ϬϬϬ ϭϴϲ͕ϳϭϵ ϭϳϴ͕ϰϴϯ ϭϲϬ͕ϬϬϬ ϭϳϬ͕ϯϴϲ ϭϲϮ͕ϴϰϳ ϭϰϬ͕ϬϬϬ ϭϰϰ͕Ϯϰϴ ϭϯϴ͕ϴϬϬ ϭϯϮ͕ϱϬϬ ϭϮϬ͕ϬϬϬ ϭϮϲ͕ϲϬϬ ϭϮϰ͕Ϯϳϳ ϭϮϭ͕ϯϵϱ ϭϬϬ͕ϬϬϬ ϭϬϲ͕ϳϲϵ ϴϬ͕ϬϬϬ ϴϱ͕ϴϬϲ ϲϬ͕ϬϬϬ ϰϬ͕ϬϬϬ ϮϬ͕ϬϬϬ Ϭ KůŵƐƚĞĚŽƵŶƚǇZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ ϮϬϬϬϮϬϭϬϮϬϮϬϮϬϮϱϮϬϯϬϮϬϯϱ Dy&/>Z^Z,ΘKE^h>d/E'ϮϬ DK'ZW,/E>z^/^ WŽƉƵůĂƚŝŽŶ'ƌŽǁƚŚďǇ^ƵďŵĂƌŬĞƚ;ůĞƐƐZŽĐŚĞƐƚĞƌͿĂŶĚDƌĞĂ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ϮϬϬϬͲϮϬϯϱ ϭϰ͕ϬϬϬ ϭϮ͕ϬϬϬ ϭϬ͕ϬϬϬ ϴ͕ϬϬϬ ϲ͕ϬϬϬ ϰ͕ϬϬϬ Ϯ͕ϬϬϬ Ϭ ǇƌŽŶ^ƵďŵĂƌŬĞƚŚĂƚĨŝĞůĚĂƐƚ^ƵďŵĂƌŬĞƚEŽƌƚŚ^ƵďŵĂƌŬĞƚZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƚĞǁĂƌƚǀŝůůĞDƌĞĂ ^ƵďŵĂƌŬĞƚ^ƵďŵĂƌŬĞƚ ϮϬϬϬϮϬϭϬϮϬϮϬϮϬϮϱϮϬϯϬϮϬϯϱ ,ŽƵƐĞŚŽůĚƐŝŶKůŵƐƚĞĚŽƵŶƚǇŐƌĞǁďǇϭϰйĨƌŽŵϮϬϭϬƚŽϮϬϮϬ͕ĚŽǁŶϱйĨƌŽŵŐƌŽǁƚŚŝŶ x ƚŚĞϮϬϬϬƐ͘dŚĞĨŽůůŽǁŝŶŐƐƵďŵĂƌŬĞƚƐŚĂĚƚŚĞŚŝŐŚĞƐƚƉƌŽƉŽƌƚŝŽŶĂůŐƌŽǁƚŚƌĂƚĞƐŽǀĞƌƚŚĞ ƉĞƌŝŽĚ͘ ǇƌŽŶϭϳ͘ϰй;ϰϱϳŚŽƵƐĞŚŽůĚƐͿ ZŽĐŚĞƐƚĞƌϭϲ͘Ϭй;ϲ͕ϴϳϵŚŽƵƐĞŚŽůĚƐͿ EŽƌƚŚϭϮ͘ϲй;ϰϬϯŚŽƵƐĞŚŽůĚƐͿ ,ŽƵƐĞŚŽůĚ'ƌŽǁƚŚ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĂŶĚZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ ϮϬϬϬͲϮϬϯϱ ϴϬ͕ϬϬϬ ϳϲ͕ϵϴϴ ϳϬ͕ϬϬϬ ϳϯ͕ϬϭϮ ϲϵ͕ϬϰϬ ϲϱ͕ϮϰϮ ϲϬ͕ϬϬϬ ϱϵ͕ϮϱϬ ϱϳ͕ϬϴϬ ϱϲ͕ϬϬϬ ϱϬ͕ϬϬϬ ϱϮ͕ϴϱϬ ϰϵ͕ϵϬϰ ϰϳ͕ϴϬϳ ϰϬ͕ϬϬϬ ϰϯ͕ϬϮϱ ϯϬ͕ϬϬϬ ϯϰ͕ϭϭϲ ϮϬ͕ϬϬϬ ϭϬ͕ϬϬϬ Ϭ KůŵƐƚĞĚŽƵŶƚǇZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ ϮϬϬϬϮϬϭϬϮϬϮϬϮϬϮϱϮϬϯϬϮϬϯϱ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϭ DK'ZW,/E>z^/^ ,ŽƵƐĞŚŽůĚ'ƌŽǁƚŚďǇ^ƵďŵĂƌŬĞƚ;ůĞƐƐZŽĐŚĞƐƚĞƌͿĂŶĚDƌĞĂ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ϮϬϬϬͲϮϬϯϱ ϲ͕ϬϬϬ ϱ͕ϬϬϬ ϰ͕ϬϬϬ ϯ͕ϬϬϬ Ϯ͕ϬϬϬ ϭ͕ϬϬϬ Ϭ ǇƌŽŶ^ƵďŵĂƌŬĞƚŚĂƚĨŝĞůĚĂƐƚ^ƵďŵĂƌŬĞƚEŽƌƚŚ^ƵďŵĂƌŬĞƚZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƚĞǁĂƌƚǀŝůůĞDƌĞĂ ^ƵďŵĂƌŬĞƚ^ƵďŵĂƌŬĞƚ ϮϬϬϬϮϬϭϬϮϬϮϬϮϬϮϱϮϬϯϬϮϬϯϱ dŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĂŶĚĂůůƐƵďŵĂƌŬĞƚƐĂƌĞĨŽƌĞĐĂƐƚƚŽŚĂǀĞŝŶĐƌĞĂƐŝŶŐ x ƉŽƉƵůĂƚŝŽŶĂŶĚŚŽƵƐĞŚŽůĚŐƌŽǁƚŚƌĂƚĞƐƚŚƌŽƵŐŚϮϬϰϬ͘dŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ƉŽƉƵůĂƚŝŽŶŝƐĞǆƉĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞďǇϵй;ϭϱ͕ϲϯϲƉĞŽƉůĞͿĂŶĚŚŽƵƐĞŚŽůĚƐďǇϭϭ͘ϱй;ϳ͕ϳϳϬ ŚŽƵƐĞŚŽůĚƐͿďĞƚǁĞĞŶϮϬϮϬĂŶĚϮϬϯϬ͘ dŚĞŚŝŐŚĞƐƚƉŽƉƵůĂƚŝŽŶĂŶĚŚŽƵƐĞŚŽůĚŐƌŽǁƚŚƌĂƚĞƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ x ^ƵďŵĂƌŬĞƚƐĂƌĞƉƌŽũĞĐƚĞĚĂƐĨŽůůŽǁƐĨŽƌϮϬϮϬƚŽϮϬϯϬ͗ WŽƉƵůĂƚŝŽŶ'ƌŽǁƚŚ,ŽƵƐĞŚŽůĚ'ƌŽǁƚŚ ǇƌŽŶϮϭ͘ϵй;ϭ͕ϵϱϯƉĞŽƉůĞͿǇƌŽŶϮϬ͘ϲй;ϲϴϭŚŽƵƐĞŚŽůĚƐͿ ZŽĐŚ͘&ƌŝŶŐĞϵ͘ϭй;ϵϱϱƉĞŽƉůĞͿZŽĐŚĞƐƚĞƌϭϭ͘ϴй;ϲ͕ϬϵϲŚŽƵƐĞŚŽůĚƐͿ ZŽĐŚĞƐƚĞƌϵ͘Ϭй;ϭϭ͕ϭϬϱƉĞŽƉůĞͿZŽĐŚ͘&ƌŝŶŐĞϵ͘ϵй;ϯϴϮŚŽƵƐĞŚŽůĚƐͿ DƌĞĂ dŚĞWŽƉƵůĂƚŝŽŶǁŝƚŚŝŶƚŚĞDƌĞĂĂƐŽĨϮϬϮϬǁĂƐϯ͕ϰϳϭƉĞŽƉůĞ͘dŚŝƐĂĐĐŽƵŶƚƐĨŽƌϯйŽĨ x ƚŚĞZŽĐŚĞƐƚĞƌWŽƉƵůĂƚŝŽŶ͘dŚĞDƌĞĂĐŽŶƚĂŝŶƐŽĨϱйŽĨZŽĐŚĞƐƚĞƌŚŽƵƐĞŚŽůĚƐǁŝƚŚ Ϯ͕ϯϮϳ͘ ĞƚǁĞĞŶϮϬϬϬĂŶĚϮϬϭϬ͕ƚŚĞDƌĞĂƉŽƉƵůĂƚŝŽŶĚĞĐůŝŶĞĚďǇϭϱй;ͲϱϱϲƉĞŽƉůĞͿĂŶĚ x ŚŽƵƐĞŚŽůĚƐďǇϱй;ͲϵϯŚŽƵƐĞŚŽůĚƐͿ͘ƵƌŝŶŐƚŚĞůĂƐƚĚĞĐĂĚĞ;ϮϬϭϬƚŽϮϬϮϬͿ͕ƚŚĞD ĞǆƉĞƌŝĞŶĐĞĚƐŽůŝĚŐƌŽǁƚŚĂĚĚŝŶŐϰϮϮƉĞŽƉůĞ;ϭϰйͿĂŶĚϰϱϮŚŽƵƐĞŚŽůĚƐ;ϮϰйͿ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϮϮ DK'ZW,/E>z^/^ ƵĞƚŽƚŚĞĂŵŽƵŶƚŽĨƌĞŶƚĂůŚŽƵƐŝŶŐďƵŝůƚĂŶĚƉůĂŶŶĞĚĚƵƌŝŶŐƚŚŝƐĚĞĐĂĚĞ͕ŐƌŽǁƚŚŝŶƚŚĞ x DŝƐƉƌŽũĞĐƚĞĚƚŽďĞƐƵďƐƚĂŶƚŝĂůĨƌŽŵϮϬϮϬƚŽϮϬϯϬǁŝƚŚĂŶĞǆƉĞĐƚĞĚŐƌŽǁƚŚŽĨŽǀĞƌ ϭ͕ϴϬϬƉĞŽƉůĞ;ϱϮйͿĂŶĚƌŽƵŐŚůǇϭ͕ϮϰϬŚŽƵƐĞŚŽůĚƐ;ϱϯйͿ͘ WŽƉƵůĂƚŝŽŶ'ƌŽǁƚŚŽŵƉĂƌŝƐŽŶ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ϮϬϬϬͲϮϬϰϬ ͲϰϬйͲϯϬйͲϮϬйͲϭϬйϬйϭϬйϮϬйϯϬйϰϬйϱϬйϲϬй ϮϮй Ϯϭй ǇƌŽŶ Ϯϯй ϭϱй ϭϭй ϰй ŚĂƚĨŝĞůĚ ϲй ϲй ϭϱй ͲͲͲͲͲͲͲͲͲͲͲͲͲͲ ϰй ĂƐƚ ϴй ϲй ϭϱй ϭϱй EŽƌƚŚ ϴй Ͳ ^ƵďŵĂƌŬĞƚƐ ϳй Ͳϯϭй ϵй ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ ϵй ϴй Ϯϰй Ͳ ϭϰй ͲͲͲͲͲͲͲͲͲͲͲͲͲͲ ZŽĐŚĞƐƚĞƌ ϵй ϴй ϱй ϵй ^ƚĞǁĂƌƚǀŝůůĞ ϲй ϲй Ͳϭϱй ϭϰй DƌĞĂ ϱϮй ϭϱй ϭϲй ϭϯй KůŵƐƚĞĚŽƵŶƚǇD ϭϬй ϮϬϬϬͲϮϬϭϬ ϴй ϴй ϮϬϭϬͲϮϬϮϬ ϱй ^DŝŶŶĞƐŽƚĂZĞŐŝŽŶ ϰй ϯй ϮϬϮϬͲϮϬϯϬ ϴй ϴй ϮϬϯϬͲϮϬϰϬ DŝŶŶĞƐŽƚĂ ϰй ϯй Dy&/>Z^Z,ΘKE^h>d/E'Ϯϯ Ϯϰ ďǇ^ƵďŵĂƌŬĞƚ ϮϬϯϬͿ ʹ ;ϮϬϮϬ WŽƉƵůĂƚŝŽŶŚĂŶŐĞ ʹ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ Dy&/>Z^Z,ΘKE^h>d/E' DK'ZW,/E>z^/^ Ϯϱ ϮϬϯϬͿďǇ^ƵďŵĂƌŬĞƚ ʹ ;ϮϬϮϬ ,ŽƵƐĞŚŽůĚŚĂŶŐĞ ʹ DĂƌŬĞƚƌĞĂ KůŵƐƚĞĚŽƵŶƚǇ Dy&/>Z^Z,ΘKE^h>d/E' DK'ZW,/E>z^/^ DK'ZW,/E>z^/^ ,ŽƵƐĞŚŽůĚ^ŝǌĞ ,ŽƵƐĞŚŽůĚƐŝǌĞŝƐĐĂůĐƵůĂƚĞĚďǇĚŝǀŝĚŝŶŐƚŚĞŶƵŵďĞƌŽĨƉĞŽƉůĞŝŶŚŽƵƐĞŚŽůĚƐďǇƚŚĞŶƵŵďĞƌŽĨ 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dŚĞĂǀĞƌĂŐĞŚŽƵƐĞŚŽůĚƐŝǌĞŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŚĂƐĚĞĐůŝŶĞĚĨƌŽŵϮ͘ϲϬŝŶ x ϮϬϬϬƚŽϮ͘ϱϬďǇϮϬϮϬ͘ůůƐƵďŵĂƌŬĞƚƐĞǆƉĞƌŝĞŶĐĞĚĂĚĞĐůŝŶĞŝŶŚŽƵƐĞŚŽůĚƐŝǌĞĨƌŽŵϮϬϬϬƚŽ ϮϬϭϬ͘ůůƐƵďŵĂƌŬĞƚƐŚĂǀĞĞǆƉĞƌŝĞŶĐĞĚŚŽƵƐĞŚŽůĚƐŝǌĞĚĞĐƌĞĂƐĞƐƐŝŶĐĞϭϵϵϬƚŽϮϬϮϬ͘ ^ƵďŵĂƌŬĞƚƐϮϬϬϬϮϬϭϬϮϬϮϬŚĂŶŐĞϬϬ͛ͲϮϬ͛ ǇƌŽŶϮ͘ϴϴϮ͘ϲϴϮ͘ϳϲͲϰй ŚĂƚĨŝĞůĚϮ͘ϲϰϮ͘ϱϲϮ͘ϰϲͲϳй ĂƐƚϮ͘ϳϮϮ͘ϲϲϮ͘ϲϯͲϯй EŽƌƚŚϮ͘ϳϯϮ͘ϲϮϮ͘ϲϴͲϮй ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞϮ͘ϴϴϮ͘ϳϯϮ͘ϳϴͲϰй ZŽĐŚĞƐƚĞƌϮ͘ϱϮϮ͘ϰϴϮ͘ϰϯͲϯй ^ƚĞǁĂƌƚǀŝůůĞϮ͘ϳϭϮ͘ϱϲϮ͘ϱϳͲϱй DƌĞĂϭ͘ϴϯϭ͘ϲϯϭ͘ϰϵͲϭϴ͘ϱй ^ŵĂůůĞƌŚŽƵƐĞŚŽůĚƐŝǌĞŝƐĞǆƉĞĐƚĞĚƚŽĐŽŶƚŝŶƵĞƚŽƐŚƌŝŶŬƚŽϮϬϯϱŝŶĂůůďƵƚƚŚĞǇƌŽŶ x ^ƵďŵĂƌŬĞƚǁŚŝĐŚŝƐƉƌŽũĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞĨƌŽŵϮ͘ϳϲŝŶϮϬϮϬƚŽϮ͘ϴϬďǇϮϬϰϬ͘ ,ŽƵƐĞŚŽůĚƐŝǌĞŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇŚĂƐďĞĞŶƐůŝŐŚƚůǇůŽǁĞƌƚŚĂŶƚŚĞ^DŝŶŶĞƐŽƚĂZĞŐŝŽŶ x ĂŶĚDŝŶŶĞƐŽƚĂƐŝŶĐĞϮϬϬϬĂŶĚŝƐĞǆƉĞĐƚĞĚƚŽƌĞŵĂŝŶůŽǁĞƌƚŽϮϬϰϬ͘ DƌĞĂ ƵĞƚŽƚŚĞŚŝŐŚŶƵŵďĞƌŽĨĞĨĨŝĐŝĞŶĐǇͬƐƚƵĚŝŽĂŶĚŽŶĞͲďĞĚƌŽŽŵƵŶŝƚƐŝŶƚŚĞDƌĞĂ͕ƚŚĞ x ŚŽƵƐĞŚŽůĚƐŝǌĞŝƐƐŝŐŶŝĨŝĐĂŶƚůǇůŽǁĞƌƚŚĂŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂƐƵďŵĂƌŬĞƚƐ͘ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϲ DK'ZW,/E>z^/^ dŚĞŚŽƵƐĞŚŽůĚƐŝǌĞŝŶƚŚĞDƌĞĂǁĂƐϭ͘ϰϵƉĞƌƐŽŶƉĞƌŚŽƵƐĞŚŽůĚŝŶϮϬϮϬǁŚŝĐŚŝƐĂϭϵй x 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ďǇϱй͘dŚĞůĂƌŐĞƐƚŐƌŽǁƚŚŝƐĨŽƌĞĐĂƐƚŝŶƚŚĞϳϱƚŽϴϰĂŐĞĐŽŚŽƌƚ;Ϯϱй͕Ϯ͕ϯϲϲƉĞŽƉůĞͿ͘dŚĞ ϴϱĂŶĚŽůĚĞƌĂŐĞĐŽŚŽƌƚŝƐĂůƐŽƉƌŽũĞĐƚĞĚƚŽŐƌŽǁƐŝŐŶŝĨŝĐĂŶƚůǇ;ϭϴй͕ϳϯϵƉĞŽƉůĞͿ͘ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϴ DK'ZW,/E>z^/^ WƌŽũĞĐƚĞĚWŽƉƵůĂƚŝŽŶ'ƌŽǁƚŚďǇŐĞ'ƌŽƵƉ͗ϮϬϮϱͲϮϬϯϬ ϮϮ͘ϵй ϴϱĂŶĚŽǀĞƌ Ϯϭ͘ϴй ϯϮ͘ϰй ϳϱƚŽϴϰ ϯϲ͘ϴй ϱϯ͘Ϭй ϲϱƚŽϳϰ ϰϵ͘ϭй Ϯϴ͘ϳй ϱϱƚŽϲϰ ŐĞ'ƌŽƵƉ ϯϬ͘ϳй Ͳϭϱ͘ϯй ϰϱƚŽϱϰ Ͳϭϵ͘ϭй Ϯϭ͘Ϯй ϯϱƚŽϰϰ Ϯϭ͘Ϯй ϭϭ͘ϳй ϮϱƚŽϯϰ ϵ͘ϵй ϮϬ͘ϭй ϭϴƚŽϮϰ ϭϳ͘ϰй ϱ͘Ϯй hŶĚĞƌϭϴ ϲ͘Ϯй ͲϯϬ͘ϬйͲϮϬ͘ϬйͲϭϬ͘ϬйϬ͘ϬйϭϬ͘ϬйϮϬ͘ϬйϯϬ͘ϬйϰϬ͘ϬйϱϬ͘ϬйϲϬ͘Ϭй WĞƌĐĞŶƚ ZŽĐŚĞƐƚĞƌKůŵƐƚĞĚŶƚǇ͘D KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ϮϬϮϱƐƚŝŵĂƚĞĚDĞĚŝĂŶŐĞ ϲϬ͘Ϭ ϱϱ͘Ϭ ϱϬ͘Ϭ ϰϮ͘ϭ ϰϱ͘Ϭ ϰϬ͘ϵ DĞĚŝĂŶŐĞ ϰϬ͘ϳ ϯϵ͘ϰ ϯϴ͘ϲ ϯϴ͘ϰϯϴ͘ϰ ϯϳ͘ϲ ϯϲ͘ϴ ϰϬ͘Ϭ ϯϱ͘Ϭ ϯϬ͘Ϭ Ϯϱ͘Ϭ ϮϬ͘Ϭ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϵ DK'ZW,/E>z^/^ ZĂĐĞĂŶĚƚŚŶŝĐŝƚǇŽĨWŽƉƵůĂƟŽŶ dŚĞƌĂĐĞŽĨƚŚĞƉŽƉƵůĂƚŝŽŶŝůůƵƐƚƌĂƚĞƐƚŚĞĚŝǀĞƌƐŝƚǇĨŽƌĞĂĐŚƐƵďŵĂƌŬĞƚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇ DĂƌŬĞƚƌĞĂ͘ĂƚĂĨŽƌϮϬϭϬĂŶĚϮϬϮϬǁĂƐŽďƚĂŝŶĞĚĨƌŽŵƚŚĞh͘^͘ĞŶƐƵƐdŚĞĚĂƚĂŝƐƉƌĞƐĞŶƚĞĚ ŝŶdĂďůĞͲϯ;ůŽĐĂƚĞĚŝŶƚŚĞƉƉĞŶĚŝǆͿ͘ dŚĞDĂũŽƌŝƚǇŽĨKůŵƐƚĞĚŽƵŶƚǇƌĞƐŝĚĞŶƚƐƌĞƉŽƌƚĞĚƚŚĞŝƌƌĂĐĞĂƐ͞tŚŝƚĞůŽŶĞ͟ŝŶϮϬϮϬ x ;ϳϴ͘ϰйͿ͕ǁŚŝĐŚĚĞĐůŝŶĞĚĂďŽƵƚϴйĨƌŽŵϮϬϭϬ͘ dŚĞůĂƌŐĞƐƚŶƵŵĞƌŝĐĂůŐƌŽǁƚŚǁĂƐƚŚĞ͞dǁŽŽƌDŽƌĞZĂĐĞƐ͟ƉŽƉƵůĂƚŝŽŶĨŽůůŽǁĞĚďǇ͞ůĂĐŬ x ŽƌĨƌŝĐĂŶŵĞƌŝĐĂŶ͘͟ůƚŚŽƵŐŚ͞tŚŝƚĞůŽŶĞ͟ŚĂĚƚŚĞƚŚŝƌĚŚŝŐŚĞƐƚƉŽƉƵůĂƚŝŽŶŐƌŽǁƚŚ͕ƚŚĞ ŐƌŽǁƚŚƌĂƚĞǁĂƐŽŶůǇϯй͘dŚĞĐŚĂƌƚƐŽŶƚŚĞĨŽůůŽǁŝŶŐƉĂŐĞƐŚŽǁƚŚĞŐƌŽǁƚŚƌĂƚĞĂŶĚ ƉŽƉƵůĂƚŝŽŶďǇƌĂĐĞŐƌŽƵƉ͘ dŚĞŵŽƐƚĚŝǀĞƌƐĞĂƌĞĂƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝŶϮϬϮϬĂƌĞƚŚĞZŽĐŚĞƐƚĞƌĂŶĚ x ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞƐƵďŵĂƌŬĞƚƐ͘dŚĞĨŽůůŽǁŝŶŐƐŚŽǁƐĚŝǀĞƌƐŝƚǇŝŶŽƌĚĞƌďǇƐƵďŵĂƌŬĞƚ͘ ^ƵďŵĂƌŬĞƚůůKƚŚĞƌZĂĐĞƐ ZŽĐŚĞƐƚĞƌϮϲ͘ϴй ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞϭϮ͘ϲй ĂƐƚϭϬ͘Ϯй EŽƌƚŚϴ͘ϴй ^ƚĞǁĂƌƚǀŝůůĞϳ͘ϯй ǇƌŽŶϳ͘ϯй ŚĂƚĨŝĞůĚϱ͘ϲй DƌĞĂϯϯ͘ϭй KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂWŽƉƵůĂƚŝŽŶ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂWŽƉƵůĂƚŝŽŶ 'ƌŽǁƚŚďǇZĂĐĞͬƚŚŶŝĐŝƚǇ й'ƌŽǁƚŚďǇZĂĐĞͬƚŚŶŝĐŝƚǇ ϮϬϭϬͲϮϬϮϬ ϮϬϭϬͲϮϬϮϬ ,ŝƐƉĂŶŝĐŽƌ>ĂƚŝŶŽ ϲϵ͘Ϭй ,ŝƐƉĂŶŝĐŽƌ>ĂƚŝŶŽ ϰ͕ϭϳϴ dǁŽнZĂĐĞƐ Ϯϭϱ͘ϲй dǁŽнZĂĐĞƐ ϳ͕ϭϬϱ KƚŚĞƌ KƚŚĞƌ ϭ͕ϳϵϵ ϳϮ͘ϯй WĂĐŝĨŝĐ/ƐůĂŶĚĞƌ ϭϳ WĂĐŝĨŝĐ/ƐůĂŶĚĞƌ Ϯϱ͘ϰй ƐŝĂŶ Ϯ͕ϰϵϳ ƐŝĂŶ ϯϭ͘ϱй ŵĞƌŝĐĂŶ/ŶĚŝĂŶ Ϯϲϭ ŵĞƌŝĐĂŶ/ŶĚŝĂŶ ϳϬ͘ϰй ůĂĐŬ ϰ͕ϯϬϲ ůĂĐŬ ϲϮ͘Ϯй tŚŝƚĞ ϯ͕ϰϱϰ tŚŝƚĞ Ϯ͘ϲй ϬϮ͕ϬϬϬϰ͕ϬϬϬϲ͕ϬϬϬϴ͕ϬϬϬ Ϭ͘ϬйϭϬϬ͘ϬйϮϬϬ͘ϬйϯϬϬ͘Ϭй Dy&/>Z^Z,ΘKE^h>d/E'ϯϬ DK'ZW,/E>z^/^ dŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝƐŽŶƉĂƌǁŝƚŚDŝŶŶĞƐŽƚĂǁŝƚŚƉŽƉƵůĂƚŝŽŶĚŝǀĞƌƐŝƚǇ͕ǁŚĞƌĞ x ϳϳ͘ϱйŽĨDŝŶŶĞƐŽƚĂƌĞƐŝĚĞŶƚƐƌĞƉŽƌƚƚŚĞŝƌƌĂĐĞĂƐ͞tŚŝƚĞůŽŶĞ͟ŝŶϮϬϮϬ͘dŚĞKůŵƐƚĞĚ ŽƵŶƚǇDĂƌŬĞƚƌĞĂŚĂĚϳϴ͘ϰйŽĨƚŚĞƉŽƉƵůĂƚŝŽŶƌĞƉŽƌƚĞĚĂƐ͞tŚŝƚĞůŽŶĞ͘͟ dŚĞƚŚŶŝĐŝƚǇŽĨƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝƐϲй͞,ŝƐƉĂŶŝĐŽƌ>ĂƚŝŶŽ͘͟dŚĞZŽĐŚĞƐƚĞƌ x ^ƵďŵĂƌŬĞƚŚĂƐƚŚĞŚŝŐŚĞƐƚƉƌŽƉŽƌƚŝŽŶŝĨ͞,ŝƐƉĂŶŝĐŽƌ>ĂƚŝŶŽ͟ƉŽƉƵůĂƚŝŽŶĂƚϳй͘ DƌĞĂ ͞tŚŝƚĞůŽŶĞ͟ƌĞƐŝĚĞŶƚƐŝŶƚŚĞDƌĞĂĂĐĐŽƵŶƚĞĚĨŽƌŝŶϮϬϮϬ;ϲϳйͿ͕ǁŚŝĐŚĚĞĐůŝŶĞĚ x ĂďŽƵƚϭϮйĨƌŽŵϮϬϭϬ͘ dŚĞůĂƌŐĞƐƚŶƵŵĞƌŝĐĂůŐƌŽǁƚŚǁĂƐƚŚĞ͞ƐŝĂŶ͟ƉŽƉƵůĂƚŝŽŶĨŽůůŽǁĞĚďǇ͞dǁŽŽƌDŽƌĞZĂĐĞƐ͘͟ x ͞tŚŝƚĞůŽŶĞ͟ǁĂƐƚŚĞŽŶůǇƌĂĐĞŐƌŽƵƉƚŽĞǆƉĞƌŝĞŶĐĞĂĚĞĐůŝŶĞůŽƐŝŶŐϵϮƉĞŽƉůĞ;ͲϰйͿ͘dŚĞ ĐŚĂƌƚƐďĞůŽǁƐŚŽǁƚŚĞŐƌŽǁƚŚƌĂƚĞĂŶĚƉŽƉƵůĂƚŝŽŶďǇƌĂĐĞŐƌŽƵƉĨŽƌƚŚĞDƌĞĂ͘ DƌĞĂWŽƉƵůĂƚŝŽŶ DƌĞĂWŽƉƵůĂƚŝŽŶ 'ƌŽǁƚŚďǇZĂĐĞͬƚŚŶŝĐŝƚǇ й'ƌŽǁƚŚďǇZĂĐĞͬƚŚŶŝĐŝƚǇ ϮϬϭϬͲϮϬϮϬ ϮϬϭϬͲϮϬϮϬ ,ŝƐƉĂŶŝĐŽƌ>ĂƚŝŶŽ ϱϭй ,ŝƐƉĂŶŝĐŽƌ>ĂƚŝŶŽ ϲϵ dǁŽнZĂĐĞƐ ϭϮϲй dǁŽнZĂĐĞƐ ϭϭϲ KƚŚĞƌ ϭϮϭй KƚŚĞƌ ϱϴ WĂĐŝĨŝĐ/ƐůĂŶĚĞƌ WĂĐŝĨŝĐ/ƐůĂŶĚĞƌ ϱ ϱϬϬй ƐŝĂŶ Ϯϰϳ ƐŝĂŶ ϵϯй ŵĞƌŝĐĂŶ/ŶĚŝĂŶ ϱ ŵĞƌŝĐĂŶ/ŶĚŝĂŶ Ϯϱй ůĂĐŬ ϴϯ ůĂĐŬ ϰϬй tŚŝƚĞ ͲϵϮ tŚŝƚĞ Ͳϰй ͲϭϬϬϬϭϬϬϮϬϬϯϬϬ ͲϱϬйϭϱϬйϯϱϬйϱϱϬй Dy&/>Z^Z,ΘKE^h>d/E'ϯϭ DK'ZW,/E>z^/^ ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞďǇŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ dŚĞĞƐƚŝŵĂƚĞĚĚŝƐƚƌŝďƵƚŝŽŶŽĨŚŽƵƐĞŚŽůĚŝŶĐŽŵĞƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĂŶĚĞĂĐŚ ƐƵďŵĂƌŬĞƚĨŽƌϮϬϮϱĂŶĚϮϬϯϬĂƌĞƐŚŽǁŶŝŶdĂďůĞƐͲϰƚŚƌŽƵŐŚͲϭϮ;ĨŽƵŶĚŝŶƚŚĞĂƉƉĞŶĚŝǆͿ͘ dŚĞĚĂƚĂǁĂƐĞƐƚŝŵĂƚĞĚĂŶĚƉƌŽũĞĐƚĞĚďǇDĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐďĂƐĞĚŽŶŝŶĐŽŵĞ ƚƌĞŶĚƐƉƌŽǀŝĚĞĚďǇ^Z//ŶĐ͘dŚĞĚĂƚĂŚĞůƉƐĂƐĐĞƌƚĂŝŶƚŚĞĚĞŵĂŶĚĨŽƌĚŝĨĨĞƌĞŶƚŚŽƵƐŝŶŐ ƉƌŽĚƵĐƚƐďĂƐĞĚŽŶƚŚĞƐŝǌĞŽĨƚŚĞŵĂƌŬĞƚĂƚƐƉĞĐŝĨŝĐĐŽƐƚůĞǀĞůƐ͘ dŚĞĞƉĂƌƚŵĞŶƚŽĨ,ŽƵƐŝŶŐĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚĚĞĨŝŶĞƐĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐĐŽƐƚƐĂƐϯϬйŽĨ ĂŚŽƵƐĞŚŽůĚ͛ƐĂĚũƵƐƚĞĚŐƌŽƐƐŝŶĐŽŵĞ͘&ŽƌĞǆĂŵƉůĞ͕ĂŚŽƵƐĞŚŽůĚǁŝƚŚĂŶŝŶĐŽŵĞŽĨΨϱϬ͕ϬϬϬƉĞƌ ǇĞĂƌǁŽƵůĚďĞĂďůĞƚŽĂĨĨŽƌĚĂŵŽŶƚŚůǇŚŽƵƐŝŶŐĐŽƐƚŽĨĂďŽƵƚΨϭ͕ϮϱϬ͘DĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚ ŽŶƐƵůƚŝŶŐƵƚŝůŝǌĞƐĂĨŝŐƵƌĞŽĨϮϱйƚŽϯϬйĨŽƌǇŽƵŶŐĞƌŚŽƵƐĞŚŽůĚƐĂŶĚϰϬйŽƌŵŽƌĞĨŽƌƐĞŶŝŽƌƐ͕ ƐŝŶĐĞƐĞŶŝŽƌƐŐĞŶĞƌĂůůǇŚĂǀĞůŽǁĞƌůŝǀŝŶŐĞǆƉĞŶƐĞƐĂŶĚĐĂŶŽĨƚĞŶƐĞůůƚŚĞŝƌŚŽŵĞƐĂŶĚƵƐĞƚŚĞ ƉƌŽĐĞĞĚƐƚŽǁĂƌĚƌĞŶƚƉĂǇŵĞŶƚƐ͘ ŐĞŶĞƌĂůůǇĂĐĐĞƉƚĞĚƐƚĂŶĚĂƌĚĨŽƌĂĨĨŽƌĚĂďůĞŽǁŶĞƌͲŽĐĐƵƉŝĞĚŚŽƵƐŝŶŐŝƐƚŚĂƚĂƚǇƉŝĐĂů ŚŽƵƐĞŚŽůĚĐĂŶĂĨĨŽƌĚƚŽƉĂǇϯ͘ϬƚŽϯ͘ϱƚŝŵĞƐƚŚĞŝƌĂŶŶƵĂůŝŶĐŽŵĞŽŶĂƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞ͘ dŚƵƐ͕ĂΨϱϬ͕ϬϬϬŝŶĐŽŵĞǁŽƵůĚƚƌĂŶƐůĂƚĞƚŽĂŶĂĨĨŽƌĚĂďůĞƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞŽĨΨϭϱϬ͕ϬϬϬƚŽ Ψϭϳϱ͕ϬϬϬ͘dŚĞŚŝŐŚĞƌĞŶĚŽĨƚŚŝƐƌĂŶŐĞĂƐƐƵŵĞƐƚŚĂƚƚŚĞƉĞƌƐŽŶŚĂƐĂĚĞƋƵĂƚĞĨƵŶĚƐĨŽƌĚŽǁŶ ƉĂǇŵĞŶƚĂŶĚĐůŽƐŝŶŐĐŽƐƚƐ͕ďƵƚĂůƐŽĚŽĞƐŶŽƚŝŶĐůƵĚĞƐĂǀŝŶŐƐŽƌĞƋƵŝƚǇŝŶĂŶĞǆŝƐƚŝŶŐŚŽŵĞ͘dŚĞ ĨŽůůŽǁŝŶŐĂƌĞŬĞǇƉŽŝŶƚƐĨŽƌKůŵƐƚĞĚŽƵŶƚǇĨŽƌϮϬϮϱĂŶĚϮϬϯϬ͘ /ŶϮϬϮϱ͕ŝŶƚŚĞŵĞĚŝĂŶŝŶĐŽŵĞŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂǁĂƐΨϵϮ͕ϱϭϵĂĐƌŽƐƐ x ĂůůĂŐĞƐ͘dŚĞŵĞĚŝĂŶŝŶĐŽŵĞŝƐĨŽƌĞĐĂƐƚƚŽƌŝƐĞďǇϭϰйƚŽΨϭϬϱ͕ϯϬϱŝŶϮϬϯϬ͘ DĞĚŝĂŶ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞďǇŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ KůŵƐƚƐĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ΨϭϰϬ͕ϬϬϬ ϮϬϮϱ ΨϭϯϮ͕ϭϰϵ ΨϭϮϬ͕ϬϬϬ ΨϭϮϯ͕ϴϱϭ ϮϬϯϬ Ψϭϭϵ͕ϯϬϲ Ψϭϭϴ͕ϴϵϭ Ψϭϭϱ͕ϮϮϲ ΨϭϬϬ͕ϬϬϬ ΨϭϬϱ͕ϯϬϱ ΨϭϬϯ͕ϳϲϴΨϭϬϯ͕ϳϳϰ ΨϵϮ͕ϱϭϵ Ψϵϭ͕ϲϴϱ Ψϴϵ͕ϰϮϳ ΨϴϬ͕ϬϬϬ Ψϳϴ͕ϬϮϰ ΨϲϬ͕ϬϬϬ Ψϱϳ͕ϴϲϴ Ψϱϳ͕ϱϬϱ ΨϱϮ͕ϱϰϮ ΨϱϬ͕ϭϴϭ ΨϰϬ͕ϬϬϬ ΨϮϬ͕ϬϬϬ ΨͲ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн Dy&/>Z^Z,ΘKE^h>d/E'ϯϮ DK'ZW,/E>z^/^ dŚĞŚŝŐŚĞƐƚŵĞĚŝĂŶŝŶĐŽŵĞǁĂƐĂŵŽŶŐƚŚŽƐĞĂŐĞƐϰϱƚŽϱϰĂƚĂŶĞƐƚŝŵĂƚĞĚΨϭϭϴ͕ϴϵϭŝŶ x ϮϬϮϱ͘/ŶϮϬϯϬ͕ƚŚŝƐĂŐĞĐŽŚŽƌƚŝƐƉƌŽũĞĐƚĞĚƚŽƌĞŵĂŝŶƚŚĞŚŝŐŚĞƐƚĞĂƌŶĞƌƐǁŝƚŚĂŵĞĚŝĂŶ ŝŶĐŽŵĞŽĨΨϭϯϮ͕ϭϰϵ͕ĂŶϭϭйŝŶĐƌĞĂƐĞ͘ tŚŝůĞĂůůĂŐĞŐƌŽƵƉƐĂƌĞƉƌŽũĞĐƚĞĚƚŽĞǆƉĞƌŝĞŶĐĞƐƚƌŽŶŐŐƌŽǁƚŚŝŶŚŽƵƐĞŚŽůĚŝŶĐŽŵĞ͕ƚŚĞ x ŚŝŐŚĞƐƚŐƌŽǁƚŚƌĂƚĞƐĂƌĞĂƉƌŽũĞĐƚĞĚƚŽŽĐĐƵƌĂŵŽŶŐŚŽƵƐĞŚŽůĚƐĂŐĞĚϱϱĂŶĚŽůĚĞƌ͘ ĞƚǁĞĞŶϮϬϮϱĂŶĚϮϬϯϬ͕ƚŚĞŵĞĚŝĂŶŝŶĐŽŵĞŽĨŚŽƵƐĞŚŽůĚĞƌƐŝŶƚŚĞĨŽůůŽǁŝŶŐĂŐĞĐŽŚŽƌƚƐŝƐ ĨŽƌĞĐĂƐƚƚŽŐƌŽǁƐŝŐŶŝĨŝĐĂŶƚůǇ͘ DĞĚŝĂŶ/ŶĐŽŵĞ'ƌŽǁƚŚ ϱϱƚŽϲϰϭϱй ϲϱƚŽϳϰϭϳ͘ϱй ϳϱĂŶĚŽůĚĞƌϭϱй zŽƵŶŐĞƌĂĚƵůƚŚŽƵƐĞŚŽůĚƐĂŐĞƐϮϱƚŽϯϰĂƌĞƉƌŽũĞĐƚĞĚƚŽƐĞĞƚŚĞƐƚƌŽŶŐŐƌŽǁƚŚĂƐǁĞůůŝŶ x ŵĞĚŝĂŶŚŽƵƐĞŚŽůĚŝŶĐŽŵĞƐǁŝƚŚĂƌĂƚĞŽĨϭϲй͘ ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞ'ƌŽǁƚŚďǇŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂͲϮϬϮϱƚŽϮϬϯϬ ϮϬ͘Ϭй ϭϴ͘Ϭй ϭϳ͘ϱй ϭϲ͘Ϭй ϭϲ͘Ϭй ϭϰ͘Ϭй ϭϱ͘ϯй ϭϱ͘Ϭй ϭϯ͘ϴй ϭϮ͘Ϭй ϭϬ͘Ϭй ϭϭ͘Ϯй ϵ͘ϰй ϴ͘Ϭй ϳ͘ϱй ϲ͘Ϭй ϰ͘Ϭй Ϯ͘Ϭй Ϭ͘Ϭй dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн dŚĞŵĞĚŝĂŶŚŽƵƐĞŚŽůĚŝŶĐŽŵĞƐďǇƐƵďŵĂƌŬĞƚǀĂƌŝĞĚŐƌĞĂƚůǇƌĂŶŐŝŶŐĨƌŽŵΨϴϳ͕ϱϳϲŝŶƚŚĞ x ZŽĐŚĞƐƚĞƌƐƵďŵĂƌŬĞƚƚŽΨϭϮϰ͕ϲϬϴŝŶƚŚĞZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞƐƵďŵĂƌŬĞƚ͘KƚŚĞƌƚŚĂŶƚŚĞ ZŽĐŚĞƐƚĞƌƐƵďŵĂƌŬĞƚ͕ĂůůŽƚŚĞƌƐƵďŵĂƌŬĞƚƐŚĂǀĞŵĞĚŝĂŶŚŽƵƐĞŚŽůĚŝŶĐŽŵĞƐŚŝŐŚĞƌƚŚĂŶ ƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘ ŽŵƉĂƌĞĚƚŽƚŚĞdǁŝŶŝƚŝĞƐDĞƚƌŽƌĞĂ͕ƚŚĞƐƵďŵĂƌŬĞƚƐŽĨZŽĐŚĞƐƚĞƌĂŶĚŚĂƚĨŝĞůĚŚĂĚ x ƐůŝŐŚƚůǇůŽǁĞƌŵĞĚŝĂŶŚŽƵƐĞŚŽůĚŝŶĐŽŵĞƐ͘dŚĞĂƐƚƐƵďŵĂƌŬĞƚǁĂƐŽŶƉĂƌǁŝƚŚƚŚĞdǁŝŶ ŝƚŝĞƐDĞƚƌŽƌĞĂǁŚŝůĞƚŚĞŽƚŚĞƌƐƵďŵĂƌŬĞƚƐǁĞƌĞƐŝŐŶŝĨŝĐĂŶƚůǇŚŝŐŚĞƌ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϯϯ DK'ZW,/E>z^/^ KǀĞƌĂůů͕ƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŚĂĚĂůŽǁĞƌŵĞĚŝĂŶŚŽƵƐĞŚŽůĚŝŶĐŽŵĞ;ϱйͿƚŚĂŶ x ƚŚĞdǁŝŶŝƚŝĞƐDĞƚƌŽƌĞĂ;ΨϵϮ͕ϱϭϵǀƐ͕Ψϵϲ͕ϵϬϴͿ͘ dŚĞŽůĚĞƌĂŐĞĐŽŚŽƌƚƐĂƌĞĨŽƌĞĐĂƐƚƚŽĞǆƉĞƌŝĞŶĐĞƚŚĞŐƌĞĂƚĞƐƚŝŶĐŽŵĞŐƌŽǁƚŚŝŶƚŚĞŽƵŶƚǇ x ǁŝƚŚƚŚŽƐĞϲϱƚŽϳϰĂŶĚϳϱĂŶĚŽůĚĞƌǁŝƚŚŝŶĐŽŵĞŐƌŽǁƚŚŽĨϭϳ͘ϱĂŶĚϭϱй͕ƌĞƐƉĞĐƚŝǀĞůǇ͘ ϮϬϮϱDĞĚŝĂŶ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞ KůŵƐƚĞĚŽƵŶƚǇD^ƵďŵĂƌŬĞƚƐ ΨϭϰϬ͕ϬϬϬ ΨϭϮϬ͕ϬϬϬ ΨϭϮϰ͕ϲϬϴ Ψϭϭϲ͕ϴϳϭ ΨϭϬϬ͕ϬϬϬ ΨϭϭϬ͕ϵϳϴ ΨϭϬϳ͕ϭϲϮ Ψϵϳ͕Ϭϰϵ Ψϵϲ͕ϵϬϱ Ψϵϯ͕ϱϮϲ ΨϵϮ͕ϴϭϴ ΨϵϮ͕ϱϭϵ ΨϴϬ͕ϬϬϬ Ψϴϳ͕ϱϳϲ ΨϲϬ͕ϬϬϬ ΨϰϬ͕ϬϬϬ ΨϮϬ͕ϬϬϬ ΨͲ ǇƌŽŶŚĂƚĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌZŽĐŚ͘^ƚĞǁĂƌƚDKůŵƐƚĞĚdDĞƚƌŽ &ƌŝŶŐĞsŝůůĞƚǇ͘D ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞ'ƌŽǁƚŚ KůŵƐƚĞĚŽƵŶƚǇD^ƵďŵĂƌŬĞƚƐͲϮϬϮϱƚŽϮϬϯϬ Ϯϱ͘Ϭй Ϯϭ͘ϵй ϮϬ͘Ϭй ϭϱ͘Ϭй ϭϱ͘ϳй ϭϰ͘ϲй ϭϰ͘ϰй ϭϯ͘ϴй ϭϯ͘Ϭй ϭϮ͘ϲй ϭϭ͘ϵй ϭϬ͘Ϭй ϭϬ͘ϳй ϳ͘ϴй ϱ͘Ϭй Ϭ͘Ϭй ǇƌŽŶŚĂƚĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌZŽĐŚ͘^ƚĞǁĂƌƚDKůŵƐƚĞĚdDĞƚƌŽ &ƌŝŶŐĞsŝůůĞƚǇ͘D Dy&/>Z^Z,ΘKE^h>d/E'ϯϰ ϯϱ ͿďǇ^ƵďŵĂƌŬĞƚ ϱ ;ϮϬϮ /ŶĐŽŵĞ ,ŽƵƐĞŚŽůĚ DĞĚŝĂŶ ʹ DĂƌŬĞƚƌĞĂ KůŵƐƚĞĚŽƵŶƚǇ Dy&/>Z^Z,ΘKE^h>d/E' DK'ZW,/E>z^/^ DK'ZW,/E>z^/^ dŚĞĨŽůůŽǁŝŶŐĐŚĂƌƚƐĚŝƐƉůĂǇƐƚŚĞŵĞĚŝĂŶŝŶĐŽŵĞĂŵŽŶŐĂŐĞĐŽŚŽƌƚƐĂŶĚŚŽƵƐĞŚŽůĚŐƌŽǁƚŚďǇ ŝŶĐŽŵĞĨŽƌƚŚĞǇƌŽŶ^ƵďŵĂƌŬĞƚ͘ dŚĞŵĞĚŝĂŶŝŶĐŽŵĞŝŶƚŚĞǇƌŽŶ^ƵďŵĂƌŬĞƚŝƐĞƐƚŝŵĂƚĞĚƚŽďĞΨϭϭϲ͕ϴϳϭŝŶϮϬϮϱĂŶĚ x ƉƌŽũĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞƚŽΨϭϯϱ͕ϭϲϰ;ϭϲйŐƌŽǁƚŚͿŝŶϮϬϯϬ͘dŚĞŚŝŐŚĞƐƚĞĂƌŶĞƌƐƉĞĂŬĂƚ ƚŚĞϯϱƚŽϰϰĂŐĞŐƌŽƵƉǁŝƚŚĂŵĞĚŝĂŶŝŶĐŽŵĞŽĨΨϭϰϱ͕ϴϵϲŝŶϮϬϮϱ͘ ϮϬϮϱDĞĚŝĂŶ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞďǇŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ ǇƌŽŶ^ƵďŵĂƌŬĞƚ ΨϭϴϬ͕ϬϬϬ ϮϬϮϱ ΨϭϲϬ͕ϬϬϬ ϮϬϯϬ Ψϭϱϱ͕ϳϵϵ Ψϭϱϰ͕ϯϰϵ Ψϭϱϯ͕ϱϵϴ ΨϭϰϬ͕ϬϬϬ Ψϭϰϱ͕ϴϵϲ ΨϭϰϮ͕ϴϯϮ Ψϭϯϱ͕ϰϮϬ Ψϭϯϱ͕ϭϲϰ Ψϭϯϰ͕ϭϴϯ ΨϭϮϬ͕ϬϬϬ ΨϭϮϱ͕ϱϬϰ Ψϭϭϲ͕ϴϳϭ ΨϭϬϬ͕ϬϬϬ Ψϭϭϭ͕ϬϮϮ ΨϴϬ͕ϬϬϬ Ψϴϵ͕ϮϬϬ Ψϳϴ͕ϬϰϬ ΨϲϬ͕ϬϬϬ ΨϲϮ͕ϱϱϳ Ψϱϯ͕ϮϲϮ ΨϰϬ͕ϬϬϬ Ψϰϭ͕Ϯϰϭ ΨϮϬ͕ϬϬϬ ΨͲ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ĞƚǁĞĞŶϮϬϮϱĂŶĚϮϬϯϬ͕ŚŽƵƐĞŚŽůĚŐƌŽǁƚŚŝŶƚŚĞΨϭϬϬ͕ϬϬϬĂŶĚŽǀĞƌŝŶĐŽŵĞĐĂƚĞŐŽƌǇŝƐ x ƉƌŽũĞĐƚĞĚƚŽŐƌŽǁǁŚŝůĞĂůůƚŚĞŽƚŚĞƌŝŶĐŽŵĞŐƌŽƵƉƐĂƌĞƉƌŽũĞĐƚĞĚƚŽĚĞĐůŝŶĞ͘,ŽƵƐĞŚŽůĚĞƌƐ ǁŝƚŚŝŶĐŽŵĞƐŽǀĞƌΨϭϬϬ͕ϬϬϬĂƌĞƉƌŽũĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞďǇϮϭй͘ ,ŽƵƐĞŚŽůĚ'ƌŽǁƚŚďǇ/ŶĐŽŵĞ ǇƌŽŶ^ƵďŵĂƌŬĞƚͲϮϬϮϱƚŽϮϬϯϬ Ϯϱй ϮϬй ϭϱй Ϯϭй ϭϬй ϱй Ϭй ϳй ϱйϲй Ͳϱй ϯй Ͳ ͲͲ ϭϴй Ͳ ϮϬй ͲϭϬй Ͳ Ͳ Ͳϭϱй ͲϮϬй ͲϮϱй Dy&/>Z^Z,ΘKE^h>d/E'ϯϲ DK'ZW,/E>z^/^ dŚĞĨŽůůŽǁŝŶŐĐŚĂƌƚƐĚŝƐƉůĂǇƐƚŚĞŵĞĚŝĂŶŝŶĐŽŵĞĂŵŽŶŐĂŐĞĐŽŚŽƌƚƐĂŶĚŚŽƵƐĞŚŽůĚŐƌŽǁƚŚďǇ ŝŶĐŽŵĞĨŽƌƚŚĞŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚ͘ dŚĞŵĞĚŝĂŶŝŶĐŽŵĞŝŶƚŚĞŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚŝƐĞƐƚŝŵĂƚĞĚƚŽďĞΨϵϮ͕ϴϭϴŝŶϮϬϮϱĂŶĚ x ƉƌŽũĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞƚŽΨϭϬϯ͕ϴϴϴ;ϭϮйŐƌŽǁƚŚͿŝŶϮϬϯϬ͘dŚĞŚŝŐŚĞƐƚĞĂƌŶĞƌƐƉĞĂŬĂƚ ƚŚĞϰϱƚŽϱϰĂŐĞŐƌŽƵƉǁŝƚŚĂŵĞĚŝĂŶŝŶĐŽŵĞŽĨΨϭϮϭ͕ϮϭϬŝŶϮϬϮϱ͘ ϮϬϮϱDĞĚŝĂŶ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞďǇŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚ ΨϭϰϬ͕ϬϬϬ ϮϬϮϱ ΨϭϯϮ͕ϴϳϯ ΨϭϮϬ͕ϬϬϬ ϮϬϯϬ ΨϭϮϯ͕Ϭϴϰ ΨϭϮϭ͕ϮϭϬ Ψϭϭϯ͕ϵϲϬ Ψϭϭϭ͕ϮϭϮ ΨϭϬϬ͕ϬϬϬ ΨϭϬϲ͕ϳϭϲ ΨϭϬϯ͕ϴϴϴ Ψϵϵ͕ϳϮϱ Ψϵϱ͕ϳϰϲ ΨϵϮ͕ϴϭϴ ΨϴϬ͕ϬϬϬ Ψϴϳ͕ϯϯϳ Ψϳϲ͕ϴϴϬ Ψϳϱ͕ϬϬϬ ΨϲϬ͕ϬϬϬ Ψϲϰ͕ϭϰϮ Ψϱϯ͕ϮϯϬ ΨϰϬ͕ϬϬϬ Ψϰϯ͕ϯϰϲ ΨϮϬ͕ϬϬϬ ΨͲ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ĞƚǁĞĞŶϮϬϮϱĂŶĚϮϬϯϬ͕ŚŽƵƐĞŚŽůĚŐƌŽǁƚŚŝŶƚŚĞΨϭϬϬ͕ϬϬϬĂŶĚŽǀĞƌŝŶĐŽŵĞĐĂƚĞŐŽƌǇŝƐ x ƉƌŽũĞĐƚĞĚƚŽŐƌŽǁǁŚŝůĞĂůůƚŚĞŽƚŚĞƌŝŶĐŽŵĞŐƌŽƵƉƐĂƌĞƉƌŽũĞĐƚĞĚƚŽĚĞĐůŝŶĞ͘,ŽƵƐĞŚŽůĚĞƌƐ ǁŝƚŚŝŶĐŽŵĞƐŽǀĞƌΨϭϬϬ͕ϬϬϬĂƌĞƉƌŽũĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞďǇϭϵй͘ ,ŽƵƐĞŚŽůĚ'ƌŽǁƚŚďǇ/ŶĐŽŵĞ ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚͲϮϬϮϱƚŽϮϬϯϬ ϯϬй ϮϬй ϭϬйϭϵй Ϭй ϵйϲй ϯй ϭϴй ͲͲ Ϯϭй Ͳ ͲϭϬй ϮϮй Ͳ Ͳ Ͳ ͲϮϬй ͲϯϬй Dy&/>Z^Z,ΘKE^h>d/E'ϯϳ DK'ZW,/E>z^/^ dŚĞĨŽůůŽǁŝŶŐĐŚĂƌƚƐĚŝƐƉůĂǇƐƚŚĞŵĞĚŝĂŶŝŶĐŽŵĞĂŵŽŶŐĂŐĞĐŽŚŽƌƚƐĂŶĚŚŽƵƐĞŚŽůĚŐƌŽǁƚŚďǇ ŝŶĐŽŵĞĨŽƌƚŚĞĂƐƚ^ƵďŵĂƌŬĞƚ͘ dŚĞŵĞĚŝĂŶŝŶĐŽŵĞŝŶƚŚĞĂƐƚ^ƵďŵĂƌŬĞƚŝƐĞƐƚŝŵĂƚĞĚƚŽďĞΨϵϳ͕ϬϰϵŝŶϮϬϮϱĂŶĚ x ƉƌŽũĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞƚŽΨϭϬϵ͕ϲϱϳ;ϭϯйŐƌŽǁƚŚͿŝŶϮϬϯϬ͘dŚĞŚŝŐŚĞƐƚĞĂƌŶĞƌƐƉĞĂŬĂƚ ƚŚĞϯϱƚŽϰϰĂŐĞŐƌŽƵƉǁŝƚŚĂŵĞĚŝĂŶŝŶĐŽŵĞŽĨΨϭϮϭ͕ϮϭϬŝŶϮϬϮϱ͘ ϮϬϮϱDĞĚŝĂŶ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞďǇŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ ĂƐƚ^ƵďŵĂƌŬĞƚ ΨϭϲϬ͕ϬϬϬ ΨϭϰϬ͕ϬϬϬ ϮϬϮϱ Ψϭϯϯ͕ϰϭϲϮϬϯϬ ΨϭϮϬ͕ϬϬϬ ΨϭϮϲ͕ϯϵϵ Ψϭϭϳ͕Ϭϲϱ Ψϭϭϯ͕ϵϰϵ ΨϭϭϮ͕ϲϵϱ Ψϭϭϭ͕ϬϲϮ ΨϭϬϬ͕ϬϬϬ ΨϭϬϵ͕ϲϱϳ ΨϭϬϭ͕Ϯϲϳ Ψϵϳ͕ϯϵϮ Ψϵϳ͕Ϭϰϵ Ψϵϭ͕ϱϵϭ ΨϴϬ͕ϬϬϬ Ψϳϲ͕ϳϱϳ ΨϲϬ͕ϬϬϬ ΨϳϬ͕ϱϬϴ Ψϲϳ͕ϰϵϵ Ψϱϴ͕Ϯϵϵ ΨϰϬ͕ϬϬϬ Ψϰϴ͕Ϭϱϲ ΨϮϬ͕ϬϬϬ ΨͲ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн dŚĞΨϭϬϬ͕ϬϬϬĂŶĚŽǀĞƌ;ϮϱйͿŝŶĐŽŵĞĐĂƚĞŐŽƌǇĂƌĞƉƌŽũĞĐƚĞĚƚŽĞǆƉĞƌŝĞŶĐĞŚŽƵƐĞŚŽůĚ x ŐƌŽǁƚŚĨƌŽŵϮϬϮϱƚŽϮϬϯϬ͘ůůŽƚŚĞƌŝŶĐŽŵĞĐĂƚĞŐŽƌŝĞƐĂƌĞƉƌŽũĞĐƚĞĚƚŽĚĞĐůŝŶĞŽƌƌĞŵĂŝŶ ƐƚĂďůĞ͘ ,ŽƵƐĞŚŽůĚ'ƌŽǁƚŚďǇ/ŶĐŽŵĞ ĂƐƚ^ƵďŵĂƌŬĞƚͲϮϬϮϱƚŽϮϬϯϬ ϯϬй ϮϬй Ϯϰй ϭϬй Ϭй ϭй ϭϯй ϭϱй Ͳ ϮϬй ͲϭϬй ϮϮй Ͳ Ͳ ϯϬй Ͳ Ͳ Ͳ ͲϮϬй ͲϯϬй Dy&/>Z^Z,ΘKE^h>d/E'ϯϴ DK'ZW,/E>z^/^ dŚĞĨŽůůŽǁŝŶŐĐŚĂƌƚƐĚŝƐƉůĂǇƐƚŚĞŵĞĚŝĂŶŝŶĐŽŵĞĂŵŽŶŐĂŐĞĐŽŚŽƌƚƐĂŶĚŚŽƵƐĞŚŽůĚŐƌŽǁƚŚďǇ ŝŶĐŽŵĞĨŽƌƚŚĞEŽƌƚŚ^ƵďŵĂƌŬĞƚ͘ dŚĞŵĞĚŝĂŶŝŶĐŽŵĞŝŶƚŚĞEŽƌƚŚ^ƵďŵĂƌŬĞƚŝƐĞƐƚŝŵĂƚĞĚƚŽďĞΨϭϭϬ͕ϵϳϴŝŶϮϬϮϱĂŶĚ x ƉƌŽũĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞƚŽΨϭϮϳ͕ϭϰϬ;ϭϱйŐƌŽǁƚŚͿŝŶϮϬϯϬ͘dŚĞŚŝŐŚĞƐƚĞĂƌŶĞƌƐƉĞĂŬĂƚ ƚŚĞϰϱƚŽϱϰĂŐĞŐƌŽƵƉǁŝƚŚĂŵĞĚŝĂŶŝŶĐŽŵĞŽĨΨϭϰϬ͕ϯϰϱŝŶϮϬϮϱ͘ ϮϬϮϱDĞĚŝĂŶ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞďǇŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ EŽƌƚŚ^ƵďŵĂƌŬĞƚ ΨϭϴϬ͕ϬϬϬ ΨϭϲϬ͕ϬϬϬ ϮϬϮϱ Ψϭϱϱ͕Ϭϯϱ ΨϭϰϬ͕ϬϬϬ ϮϬϯϬ Ψϭϰϴ͕ϭϮϰ Ψϭϰϱ͕ϳϰϳ ΨϭϰϬ͕ϯϰϱ Ψϭϯϳ͕ϱϰϳ ΨϭϮϬ͕ϬϬϬ ΨϭϮϳ͕Ϯϲϳ ΨϭϮϳ͕ϭϰϬ ΨϭϮϰ͕ϬϮϮ Ψϭϭϯ͕ϲϰϯ ΨϭϬϬ͕ϬϬϬ ΨϭϭϬ͕ϵϳϴ ΨϭϬϲ͕ϳϱϰ ΨϴϬ͕ϬϬϬ Ψϵϭ͕ϴϬϴ Ψϳϴ͕ϰϮϯ ΨϲϬ͕ϬϬϬ Ψϲϯ͕ϳϰϲ ΨϲϮ͕ϲϰϯ Ψϱϰ͕Ϯϭϱ ΨϰϬ͕ϬϬϬ ΨϮϬ͕ϬϬϬ ΨͲ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн dŚĞΨϭϬϬ͕ϬϬϬĂŶĚŽǀĞƌ;ϭϴйͿŝŶĐŽŵĞĐĂƚĞŐŽƌǇĂƌĞƉƌŽũĞĐƚĞĚƚŽŐƌŽǁŝŶŚŽƵƐĞŚŽůĚƐĨƌŽŵ x ϮϬϮϱƚŽϮϬϯϬ͘ůůŽƚŚĞƌŝŶĐŽŵĞĐĂƚĞŐŽƌŝĞƐĂƌĞƉƌŽũĞĐƚĞĚƚŽĚĞĐůŝŶĞ͘ ,ŽƵƐĞŚŽůĚ'ƌŽǁƚŚďǇ/ŶĐŽŵĞ EŽƌƚŚ^ƵďŵĂƌŬĞƚͲϮϬϮϱƚŽϮϬϯϬ ϯϬй ϮϬй ϭϬй ϭϴй Ϭй ϭϭй ϭϭй ϭϲй ϭϴй ϱй ͲϭϬй ͲͲ Ϯϱй Ͳ Ͳ Ͳ Ͳ ͲϮϬй ͲϯϬй Dy&/>Z^Z,ΘKE^h>d/E'ϯϵ DK'ZW,/E>z^/^ dŚĞĨŽůůŽǁŝŶŐĐŚĂƌƚƐĚŝƐƉůĂǇƐƚŚĞŵĞĚŝĂŶŝŶĐŽŵĞĂŵŽŶŐĂŐĞĐŽŚŽƌƚƐĂŶĚŚŽƵƐĞŚŽůĚŐƌŽǁƚŚďǇ ŝŶĐŽŵĞĨŽƌƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ͘ dŚĞŵĞĚŝĂŶŝŶĐŽŵĞŝŶƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚŝƐĞƐƚŝŵĂƚĞĚƚŽďĞΨϴϳ͕ϱϳϲŝŶϮϬϮϱĂŶĚ x ƉƌŽũĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞƚŽΨϭϬϬ͕ϭϳϳ;ϭϰйŐƌŽǁƚŚͿŝŶϮϬϯϬ͘dŚĞŚŝŐŚĞƐƚĞĂƌŶĞƌƐƉĞĂŬĂƚ ƚŚĞϰϱƚŽϱϰĂŐĞŐƌŽƵƉǁŝƚŚĂŵĞĚŝĂŶŝŶĐŽŵĞŽĨΨϭϭϯ͕ϴϯϭŝŶϮϬϮϱ͘ ϮϬϮϱDĞĚŝĂŶ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞďǇŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ ΨϭϰϬ͕ϬϬϬ ϮϬϮϱ ΨϭϮϬ͕ϬϬϬ ΨϭϮϱ͕ϯϴϮ ϮϬϯϬ Ψϭϭϳ͕Ϯϯϱ Ψϭϭϯ͕ϴϯϭ ΨϭϭϮ͕ϳϴϭ ΨϭϬϵ͕ϵϬϮ ΨϭϬϬ͕ϬϬϬ ΨϭϬϬ͕ϭϳϳ Ψϵϵ͕ϱϬϴ Ψϵϴ͕ϱϯϲ ΨϴϬ͕ϬϬϬ Ψϴϳ͕ϱϳϲ Ψϴϲ͕ϱϳϳ Ψϴϱ͕ϲϱϰ Ψϳϱ͕ϴϱϳ ΨϲϬ͕ϬϬϬ Ψϱϳ͕ϯϳϱ Ψϱϰ͕ϯϲϬ ΨϱϬ͕ϱϰϱ ΨϱϬ͕ϯϵϲ ΨϰϬ͕ϬϬϬ ΨϮϬ͕ϬϬϬ ΨͲ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ĞƚǁĞĞŶϮϬϮϱĂŶĚϮϬϯϬ͕ŚŽƵƐĞŚŽůĚŐƌŽǁƚŚŝŶƚŚĞΨϭϬϬ͕ϬϬϬĂŶĚŽǀĞƌŝŶĐŽŵĞĐĂƚĞŐŽƌǇŝƐ x ƉƌŽũĞĐƚĞĚƚŽŐƌŽǁǁŚŝůĞĂůůƚŚĞŽƚŚĞƌŝŶĐŽŵĞŐƌŽƵƉƐĂƌĞƉƌŽũĞĐƚĞĚƚŽĚĞĐůŝŶĞ͘,ŽƵƐĞŚŽůĚĞƌƐ ǁŝƚŚŝŶĐŽŵĞƐŽǀĞƌΨϭϬϬ͕ϬϬϬĂƌĞƉƌŽũĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞďǇϮϬй͘ ,ŽƵƐĞŚŽůĚ'ƌŽǁƚŚďǇ/ŶĐŽŵĞ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚͲϮϬϮϱƚŽϮϬϯϬ ϯϬй ϮϬй ϮϬй ϭϬй Ϭй ϯй ϯйϭϭйϱй ϭϭй ϭϳй ͲͲ ͲϭϬй Ͳ Ͳ Ͳ ͲϮϬй ͲϯϬй Dy&/>Z^Z,ΘKE^h>d/E'ϰϬ DK'ZW,/E>z^/^ dŚĞĨŽůůŽǁŝŶŐĐŚĂƌƚƐĚŝƐƉůĂǇƐƚŚĞŵĞĚŝĂŶŝŶĐŽŵĞĂŵŽŶŐĂŐĞĐŽŚŽƌƚƐĂŶĚŚŽƵƐĞŚŽůĚŐƌŽǁƚŚďǇ ŝŶĐŽŵĞĨŽƌƚŚĞZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚ͘ dŚĞŵĞĚŝĂŶŝŶĐŽŵĞŝŶƚŚĞZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚŝƐĞƐƚŝŵĂƚĞĚƚŽďĞΨϭϮϰ͕ϲϬϴŝŶ x ϮϬϮϱĂŶĚƉƌŽũĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞƚŽΨϭϱϭ͕ϴϲϳ;ϮϮйŐƌŽǁƚŚͿŝŶϮϬϯϬ͘dŚĞŚŝŐŚĞƐƚĞĂƌŶĞƌƐ ƉĞĂŬĂƚƚŚĞϰϱƚŽϱϰĂŐĞŐƌŽƵƉǁŝƚŚĂŵĞĚŝĂŶŝŶĐŽŵĞŽĨΨϭϳϭ͕ϬϯϭŝŶϮϬϮϱ͘ ϮϬϮϱDĞĚŝĂŶ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞďǇŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚ ΨϮϬϬ͕ϬϬϬ ΨϭϴϬ͕ϬϬϬϮϬϮϱ Ψϭϳϵ͕ϳϳϳ Ψϭϳϴ͕ϮϰϮ ϮϬϯϬ Ψϭϳϰ͕ϳϰϭ ΨϭϲϬ͕ϬϬϬ Ψϭϳϭ͕Ϭϯϭ Ψϭϱϱ͕Ϭϭϵ Ψϭϱϯ͕ϳϴϯ ΨϭϰϬ͕ϬϬϬ ΨϭϱϮ͕ϱϮϭ Ψϭϱϭ͕ϴϲϳ ΨϭϮϬ͕ϬϬϬ ΨϭϮϰ͕ϲϬϴ ΨϭϮϮ͕ϵϵϱ Ψϭϭϳ͕ϵϰϴ ΨϭϬϬ͕ϬϬϬ Ψϵϳ͕ϲϬϵ ΨϴϬ͕ϬϬϬ Ψϴϳ͕ϴϭϵ Ψϴϰ͕ϮϬϵ Ψϳϳ͕Ϯϯϰ ΨϲϬ͕ϬϬϬ Ψϲϱ͕ϯϭϱ ΨϰϬ͕ϬϬϬ ΨϮϬ͕ϬϬϬ ΨͲ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн dŚĞΨϭϬϬ͕ϬϬϬĂŶĚŽǀĞƌ;ϭϵйͿŝŶĐŽŵĞĐĂƚĞŐŽƌǇĂƌĞƉƌŽũĞĐƚĞĚƚŽŐƌŽǁŝŶŚŽƵƐĞŚŽůĚƐĨƌŽŵ x ϮϬϮϱƚŽϮϬϯϬ͘ůůŽƚŚĞƌŝŶĐŽŵĞĐĂƚĞŐŽƌŝĞƐĂƌĞƉƌŽũĞĐƚĞĚƚŽĚĞĐůŝŶĞ͘ ,ŽƵƐĞŚŽůĚ'ƌŽǁƚŚďǇ/ŶĐŽŵĞ ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚͲϮϬϮϱƚŽϮϬϯϬ Ϯϱй ϭϱй ϭϵй ϱй ϵй Ͳϱй ϭϰй ϭϱй Ͳ ϮϮй Ͳ Ͳ Ͳϭϱй ϯϰй Ͳ ϰϮй Ͳ ͲϮϱй Ͳ Ͳϯϱй Ͳϰϱй Dy&/>Z^Z,ΘKE^h>d/E'ϰϭ DK'ZW,/E>z^/^ dŚĞĨŽůůŽǁŝŶŐĐŚĂƌƚƐĚŝƐƉůĂǇƐƚŚĞŵĞĚŝĂŶŝŶĐŽŵĞĂŵŽŶŐĂŐĞĐŽŚŽƌƚƐĂŶĚŚŽƵƐĞŚŽůĚŐƌŽǁƚŚďǇ ŝŶĐŽŵĞĨŽƌƚŚĞ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚ͘ dŚĞŵĞĚŝĂŶŝŶĐŽŵĞŝŶƚŚĞ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚŝƐĞƐƚŝŵĂƚĞĚƚŽďĞΨϵϬ͕ϴϲϰŝŶϮϬϮϱ x ĂŶĚƉƌŽũĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞƚŽΨϭϬϱ͕ϳϭϴ;ϭϲйŐƌŽǁƚŚͿŝŶϮϬϯϬ͘dŚĞŚŝŐŚĞƐƚĞĂƌŶĞƌƐƉĞĂŬ ĂƚƚŚĞϰϱƚŽϱϰĂŐĞŐƌŽƵƉǁŝƚŚĂŵĞĚŝĂŶŝŶĐŽŵĞŽĨΨϭϭϭ͕ϴϮϮŝŶϮϬϮϱ͘ ϮϬϮϱDĞĚŝĂŶ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞďǇŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚ ΨϭϲϬ͕ϬϬϬ ϮϬϮϱ ΨϭϰϬ͕ϬϬϬ ϮϬϯϬ Ψϭϯϯ͕ϰϲϭ ΨϭϮϬ͕ϬϬϬ ΨϭϮϳ͕ϲϯϰ Ψϭϭϴ͕ϲϮϰ Ψϭϭϭ͕ϴϮϮ Ψϭϭϭ͕ϯϬϴ ΨϭϬϬ͕ϬϬϬ ΨϭϬϱ͕ϳϭϴ ΨϭϬϰ͕ϳϲϲ Ψϵϵ͕ϭϭϬ ΨϵϬ͕ϴϲϰ ΨϴϬ͕ϬϬϬ ΨϵϬ͕ϯϰϮ Ψϴϲ͕ϲϳϰ Ψϳϴ͕ϲϵϯ ΨϲϬ͕ϬϬϬ Ψϲϵ͕ϲϭϳ Ψϲϲ͕ϵϱϯ ΨϰϬ͕ϬϬϬ Ψϰϭ͕ϱϴϬ Ψϯϰ͕ϭϰϲ ΨϮϬ͕ϬϬϬ ΨͲ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ĞƚǁĞĞŶϮϬϮϱĂŶĚϮϬϯϬ͕ŚŽƵƐĞŚŽůĚŐƌŽǁƚŚŝŶƚŚĞΨϭϬϬ͕ϬϬϬĂŶĚŽǀĞƌŝŶĐŽŵĞĐĂƚĞŐŽƌǇŝƐ x ƉƌŽũĞĐƚĞĚƚŽŐƌŽǁǁŚŝůĞĂůůƚŚĞŽƚŚĞƌŝŶĐŽŵĞŐƌŽƵƉƐĂƌĞƉƌŽũĞĐƚĞĚƚŽĚĞĐůŝŶĞ͘,ŽƵƐĞŚŽůĚĞƌƐ ǁŝƚŚŝŶĐŽŵĞƐŽǀĞƌΨϭϬϬ͕ϬϬϬĂƌĞƉƌŽũĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞďǇϮϱй͘ ,ŽƵƐĞŚŽůĚ'ƌŽǁƚŚďǇ/ŶĐŽŵĞ ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚͲϮϬϮϱƚŽϮϬϯϬ ϯϬй ϮϬй Ϯϰй ϭϬй ϯй Ϭй Ͳ ϭϬй ϭϭй ϭϵй Ϯϭй ͲϭϬй Ͳ Ͳ Ϯϴй Ͳ Ͳ Ͳ ͲϮϬй ͲϯϬй Dy&/>Z^Z,ΘKE^h>d/E'ϰϮ DK'ZW,/E>z^/^ dŚĞĨŽůůŽǁŝŶŐĐŚĂƌƚƐĚŝƐƉůĂǇƐƚŚĞŵĞĚŝĂŶŝŶĐŽŵĞĂŵŽŶŐĂŐĞĐŽŚŽƌƚƐĂŶĚŚŽƵƐĞŚŽůĚŐƌŽǁƚŚďǇ ŝŶĐŽŵĞĨŽƌƚŚĞDƌĞĂ͘ dŚĞŵĞĚŝĂŶŝŶĐŽŵĞŝŶƚŚĞDƌĞĂŝƐĞƐƚŝŵĂƚĞĚƚŽďĞΨϵϯ͕ϱϮϲŝŶϮϬϮϱĂŶĚƉƌŽũĞĐƚĞĚ x ƚŽŝŶĐƌĞĂƐĞƚŽΨϭϬϬ͕ϴϯϳ;ϭϵйŐƌŽǁƚŚͿŝŶϮϬϯϬ͘dŚĞŚŝŐŚĞƐƚĞĂƌŶĞƌƐƉĞĂŬĂƚƚŚĞϰϱƚŽϱϰ ĂŐĞŐƌŽƵƉǁŝƚŚĂŵĞĚŝĂŶŝŶĐŽŵĞŽĨΨϭϰϬ͕ϰϴϵŝŶϮϬϮϱ͘ ϮϬϮϱDĞĚŝĂŶ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞďǇŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ DƌĞĂ^ƵďŵĂƌŬĞƚ ΨϭϲϬ͕ϬϬϬ ϮϬϮϱ ΨϭϱϮ͕Ϯϴϭ ΨϭϰϬ͕ϬϬϬ ΨϭϰϬ͕ϰϴϵ ϮϬϯϬ Ψϭϯϴ͕ϯϯϭ ΨϭϮϬ͕ϬϬϬ ΨϭϮϴ͕ϲϳϭ Ψϭϭϭ͕ϳϮϱ ΨϭϬϬ͕ϬϬϬ ΨϭϬϱ͕ϲϳϵ ΨϭϬϭ͕ϭϭϴ ΨϭϬϬ͕ϴϯϳ Ψϵϯ͕ϱϮϲ Ψϵϭ͕ϰϰϰ ΨϴϬ͕ϬϬϬ Ψϴϱ͕ϳϰϳ Ψϴϭ͕ϵϵϮ ΨϲϬ͕ϬϬϬ ΨϳϬ͕ϬϲϮ ΨϲϮ͕ϰϴϰ Ψϱϲ͕ϲϯϵ Ψϱϭ͕Ϯϱϰ ΨϰϬ͕ϬϬϬ ΨϮϬ͕ϬϬϬ ΨͲ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ,ŽƵƐĞŚŽůĚŐƌŽǁƚŚŝƐƉƌŽũĞĐƚĞĚƚŽŐƌŽǁŝŶĂůůDŝŶĐŽŵĞĐĂƚĞŐŽƌŝĞƐďǇϮϬϯϬ͘,ŽƵƐĞŚŽůĚƐ x ǁŝƚŚŝŶĐŽŵĞƐŽǀĞƌΨϭϬϬ͕ϬϬϬĂƌĞƉƌŽũĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞƚŚĞŚŝŐŚĞƐƚďǇϯϮйĨŽůůŽǁĞĚďǇƚŚĞ Ψϳϱ<ͲΨϭϬϬ<ĐŽŚŽƌƚ;ϮϴйͿ͘,ŽƵƐĞŚŽůĚƐƵŶĚĞƌΨϭϱ͕ϬϬϬŝƐĂůƐŽƉƌŽũĞĐƚĞĚƚŽŐƌŽǁďǇϮϬй͘ ,ŽƵƐĞŚŽůĚ'ƌŽǁƚŚďǇ/ŶĐŽŵĞ DƌĞĂͲϮϬϮϱƚŽϮϬϯϬ ϯϱй ϯϬй ϯϮй Ϯϱй Ϯϴй ϮϬй ϮϬй ϭϵй ϭϱй ϭϬй ϭϯй ϭϭй ϱй ϲй Ϭй Dy&/>Z^Z,ΘKE^h>d/E'ϰϯ DK'ZW,/E>z^/^ dĞŶƵƌĞďǇ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞ dĂďůĞͲϭϯƐŚŽǁƐŚŽƵƐĞŚŽůĚƚĞŶƵƌĞďǇŝŶĐŽŵĞĨŽƌKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝŶϮϬϮϱ͘ĂƚĂ ŝƐĂŶĞƐƚŝŵĂƚĞĨƌŽŵƚŚĞŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ^ƵƌǀĞǇϱͲ zĞĂƌ^ƵƌǀĞǇϮϬϮϯĂŶĚĂĚũƵƐƚĞĚďǇ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚƚŽƚŚĞĐƵƌƌĞŶƚǇĞĂƌ͘/ƚŝƐŝŵƉŽƌƚĂŶƚƚŽŶŽƚĞƚŚĂƚƚŚŝƐŝƐĂŶĞƐƚŝŵĂƚĞĨƌŽŵƚŚĞ ĐĞŶƐƵƐĂŶĚŵĂǇŶŽƚĐŽƌƌĞůĂƚĞŽƌŵĂƚĐŚǁŝƚŚŽƚŚĞƌĚĂƚĂŝŶƚŚĞƌĞƉŽƌƚ͘/ƚŝƐƚŚĞŽŶůǇĚĂƚĂ ĂǀĂŝůĂďůĞĨŽƌƚŚĞƐĞĨŝŐƵƌĞƐ͘/ŶĂĚĚŝƚŝŽŶ͕ƚŚĞŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇƐƵƌǀĞǇĚŽĞƐŶŽƚƉƌŽǀŝĚĞĚĂƚĂ ĚŽǁŶƚŽƚŚĞďůŽĐŬůĞǀĞůĂŶĚƚŚƵƐǁĞĐĂŶŶŽƚƐŚŽǁĨŝŐƵƌĞƐĨŽƌƚŚĞDƌĞĂ͘ ,ŽƵƐĞŚŽůĚƚĞŶƵƌĞŝŶĨŽƌŵĂƚŝŽŶŝƐŝŵƉŽƌƚĂŶƚƚŽĂƐƐĞƐƐƚŚĞƉƌŽƉĞŶƐŝƚǇĨŽƌŽǁŶĞƌͲŽĐĐƵƉŝĞĚŽƌ ƌĞŶƚĞƌͲŽĐĐƵƉŝĞĚŚŽƵƐŝŶŐŽƉƚŝŽŶƐďĂƐĞĚŽŶŚŽƵƐĞŚŽůĚĂĨĨŽƌĚĂďŝůŝƚǇ͘ƐƐƚĂƚĞĚĞĂƌůŝĞƌ͕ƚŚĞ ĞƉĂƌƚŵĞŶƚŽĨ,ŽƵƐŝŶŐĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚĚĞƚĞƌŵŝŶĞƐĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐĂƐŶŽƚ ĞǆĐĞĞĚŝŶŐϯϬйŽĨƚŚĞŚŽƵƐĞŚŽůĚ͛ƐŝŶĐŽŵĞ͘/ƚŝƐŝŵƉŽƌƚĂŶƚƚŽŶŽƚĞƚŚĂƚƚŚĞŚŝŐŚĞƌƚŚĞŝŶĐŽŵĞ͕ ƚŚĞůŽǁĞƌƉĞƌĐĞŶƚĂŐĞĂŚŽƵƐĞŚŽůĚƚǇƉŝĐĂůůǇĂůůŽĐĂƚĞƐƚŽŚŽƵƐŝŶŐ͘DĂŶǇůŽǁĞƌŝŶĐŽŵĞ ŚŽƵƐĞŚŽůĚƐ͕ĂƐǁĞůůĂƐŵĂŶǇǇŽƵŶŐĂŶĚƐĞŶŝŽƌŚŽƵƐĞŚŽůĚƐ͕ƐƉĞŶĚŵŽƌĞƚŚĂŶϯϬйŽĨƚŚĞŝƌ ŝŶĐŽŵĞ͕ǁŚŝůĞŵŝĚĚůĞͲĂŐĞĚŚŽƵƐĞŚŽůĚƐŝŶƚŚĞŝƌƉƌŝŵĞĞĂƌŶŝŶŐǇĞĂƌƐƚǇƉŝĐĂůůǇĂůůŽĐĂƚĞϮϬйƚŽ ϮϱйŽĨƚŚĞŝƌŝŶĐŽŵĞ͘ dǇƉŝĐĂůůǇ͕ĂƐŝŶĐŽŵĞŝŶĐƌĞĂƐĞƐ͕ƐŽĚŽĞƐƚŚĞƌĂƚĞŽĨŚŽŵĞŽǁŶĞƌƐŚŝƉ͘dŚŝƐĐĂŶďĞƐĞĞŶŝŶƚŚĞ x KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͕ǁŚĞƌĞƚŚĞŚŽŵĞŽǁŶĞƌƐŚŝƉƌĂƚĞƐƚĞĂĚŝůǇŝŶĐƌĞĂƐĞƐĨƌŽŵĂŶ ĞƐƚŝŵĂƚĞĚϯϲйŽĨŚŽƵƐĞŚŽůĚƐǁŝƚŚŝŶĐŽŵĞƐďĞůŽǁΨϭϱ͕ϬϬϬƚŽϵϮйŽĨŚŽƵƐĞŚŽůĚƐǁŝƚŚ ŝŶĐŽŵĞƐĂďŽǀĞΨϭϱϬ͕ϬϬϬ͘ ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞďǇdĞŶƵƌĞ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂϮϬϮϱ ϭϬϬй ϴй ϭϳй ϵϬй Ϯϲй ϯϴй ϴϬй ϱϬй ϳϬй ϲϭй ϲϮй ϲϰй ϲϬй ϱϬй ϵϮй ϴϯй ϰϬй ϳϰй ϲϮй ϯϬй ϱϬй ϮϬй ϯϵй ϯϴй ϯϲй ϭϬй Ϭй >ĞƐƐƚŚĂŶΨϭϱ<ƚŽΨϮϱ<ƚŽΨϯϱ<ƚŽΨϱϬ<ƚŽΨϳϱ<ƚŽΨϭϬϬ<ƚŽΨϭϱϬ<н Ψϭϱ<ΨϮϰ͘ϵ<Ψϯϰ͘ϵ<Ψϰϵ͘ϵ<Ψϳϰ͘ϵ<Ψϵϵ͘ϵ<Ψϭϰϵ͘ϵ< ZĞŶƚĞƌKǁŶĞƌ Dy&/>Z^Z,ΘKE^h>d/E'ϰϰ DK'ZW,/E>z^/^ ƉŽƌƚŝŽŶŽĨƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐƚŚĂƚĂƌĞƌĞĨĞƌƌĞĚƚŽĂƐůŝĨĞƐƚǇůĞƌĞŶƚĞƌƐ͕ŽƌƚŚŽƐĞǁŚŽĂƌĞ x ĨŝŶĂŶĐŝĂůůǇĂďůĞƚŽŽǁŶďƵƚĐŚŽŽƐĞƚŽƌĞŶƚ͕ŚĂǀĞŚŽƵƐĞŚŽůĚŝŶĐŽŵĞƐĂďŽǀĞΨϱϬ͕ϬϬϬ;ĂďŽƵƚ ϱϭйŽĨKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͛ƐƌĞŶƚĞƌƐĞƐƚŝŵĂƚĞĚŝŶϮϬϮϱͿ͘,ŽƵƐĞŚŽůĚƐǁŝƚŚ ŝŶĐŽŵĞƐďĞůŽǁΨϭϱ͕ϬϬϬĂƌĞƚǇƉŝĐĂůůǇĂŵĂƌŬĞƚĨŽƌĚĞĞƉƐƵďƐŝĚǇƌĞŶƚĂůŚŽƵƐŝŶŐ;ĂďŽƵƚϭϭй ŽĨKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͛ƐƌĞŶƚĞƌƐŝŶϮϬϮϱͿ͘ dŚĞĨŽůůŽǁŝŶŐĨŝŐƵƌĞƐƌĞƉƌĞƐĞŶƚƚŚĞĞƐƚŝŵĂƚĞĚƌĂƚŝŽŝŶĞĂĐŚůŽǁĞƌŚŽƵƐĞŚŽůĚŝŶĐŽŵĞƌĂŶŐĞ x ďǇƐƵďŵĂƌŬĞƚ͗ ;ĞĞƉ^ƵďƐŝĚǇͿ^ŚĂůůŽǁͲ^ƵďƐŝĚǇ фΨϭϱ͕ϬϬϬΨϭϱ͕ϬϬϬͲΨϰϵ͕ϵϵϵ ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞϮϬ͘ϮйŚĂƚĨŝĞůĚϲϳ͘ϵй ǇƌŽŶϭϳ͘ϴй^ƚĞǁĂƌƚǀŝůůĞϱϲ͘ϵй ŚĂƚĨŝĞůĚϭϮ͘ϳйEŽƌƚŚϱϭ͘Ϭй ĂƐƚϭϮ͘ϰйǇƌŽŶϰϲ͘ϯй ZŽĐŚĞƐƚĞƌϭϬ͘ϴйZŽĐŚĞƐƚĞƌϯϲ͘Ϭй ^ƚĞǁĂƌƚǀŝůůĞϵ͘ϴйĂƐƚϯϲ͘Ϭй EŽƌƚŚϲ͘ϱйZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞϭϰ͘ϳй WůĞĂƐĞŶŽƚĞƚŚĂƚZŽĐŚĞƐƚĞƌŝƐĞƐƚŝŵĂƚĞĚƚŽĂĐĐŽƵŶƚĨŽƌϴϳйŽĨƚŚĞƌĞŶƚĂůŚŽƵƐŝŶŐŝŶƚŚĞ x KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝŶϮϬϮϱ͘ĂĐŚŽƚŚĞƌƐƵďŵĂƌŬĞƚĂĐĐŽƵŶƚƐĨŽƌƌŽƵŐŚůǇϭйƚŽϯй ŽĨƚŚĞƌĞŶƚĂůŚŽƵƐĞŚŽůĚƐ͘ ƐƐŚŽǁŶďǇƚŚĞĨŽůůŽǁŝŶŐĐŚĂƌƚ͕ĂůůƐƵďŵĂƌŬĞƚƐŚĂǀĞĞƐƚŝŵĂƚĞĚŽǁŶĞƌŵĞĚŝĂŶŚŽƵƐĞŚŽůĚ x ŝŶĐŽŵĞƐΨϭϬϬ͕ϬϬϬ͘ZĞŶƚĞƌŵĞĚŝĂŶŚŽƵƐĞŚŽůĚŝŶĐŽŵĞƐĂƌĞƐŝŐŶŝĨŝĐĂŶƚůǇůŽǁĞƌǁŝƚŚŵŽƐƚ ƐƵďŵĂƌŬĞƚŶĞĂƌŽƌďĞůŽǁƚŚĞΨϱϬ͕ϬϬϬǁŝƚŚƚŚĞĞǆĐĞƉƚŝŽŶŽĨƚŚĞZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞĂƚĂŶ ĞƐƚŝŵĂƚĞĚΨϴϮ͕ϳϯϴ͘ DĞĚŝĂŶ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ϮϬϮϱ ΨϭϴϬ͕ϬϬϬ KǁŶĞƌZĞŶƚĞƌ ΨϭϲϬ͕ϬϬϬ Ψϭϱϵ͕ϲϰϯ ΨϭϰϬ͕ϬϬϬ Ψϭϯϵ͕ϰϬϱ Ψϭϯϴ͕ϯϲϲ ΨϭϮϬ͕ϬϬϬ ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞ Ψϭϭϳ͕ϲϭϯ Ψϭϭϭ͕ϴϲϳ ΨϭϬϬ͕ϬϬϬ ΨϭϬϲ͕ϱϯϰ ΨϭϬϭ͕ϲϴϵΨϭϬϭ͕ϴϬϬ ΨϴϬ͕ϬϬϬ ΨϴϮ͕ϳϯϴ ΨϲϬ͕ϬϬϬ Ψϱϰ͕ϬϰϮ ΨϱϮ͕ϴϯϯ ΨϰϬ͕ϬϬϬ Ψϰϵ͕ϲϴϱ Ψϰϳ͕ϭϮϯ Ψϰϭ͕ϭϯϯ Ψϰϭ͕ϬϯϬ Ψϯϭ͕ϬϵϮ ΨϮϬ͕ϬϬϬ ΨϬ Dy&/>Z^Z,ΘKE^h>d/E'ϰϱ ϰϲ ͿďǇ^ƵďŵĂƌŬĞƚ ϱ ;ϮϬϮ DĞĚŝĂŶ/ŶĐŽŵĞŝĨĨĞƌĞŶƚŝĂů;ϮϬϮϱͿΘ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞďǇdĞŶƵƌĞ Dy&/>Z^Z,EKE^h>d/E' ʹ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ DK'ZW,/E>z^/^ DK'ZW,/E>z^/^ 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/ŶĐŽŵƉĂƌŝƐŽŶ͕ŽůĚĞƌƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐŐĂŝŶĞĚϭ͕ϱϭϵŚŽƵƐĞŚŽůĚƐ;ϰϬйͿĨƌŽŵϮϬϭϬƚŽϮϬϮϬ x ǁŝƚŚĂŚŽŵĞŽǁŶĞƌƌĂƚĞŽĨϴϲй͘dŚŝƐŝŶĚŝĐĂƚĞƐƚŚĂƚŽůĚĞƌŚŽƵƐĞŚŽůĚƐĂƌĞǁŝůůŝŶŐƚŽŵŽǀĞ ŝŶƚŽĂŐĞͲƌĞƐƚƌŝĐƚĞĚŚŽƵƐŝŶŐǁŚĞŶĂǀĂŝůĂďůĞ͘ WƌŽƉŽƌƚŝŽŶŽĨKǁŶĞƌƐĂŶĚZĞŶƚĞƌƐ͕ϮϬϮϬ ϭϬϬй ϱ͘Ϭ ϭϯ͘ϴ ϭϱ͘ϯ ϭϳ͘ϴ ϭϵ͘ϲ ϵϬй ϮϬ͘Ϯ Ϯϵ͘ϰ Ϯϵ͘ϵ ϯϱ͘ϲ ϴϬй ϳϬй ϲϬй ϴϯ͘ϳ ϱϬй ϵϱ͘Ϭ ϴϲ͘Ϯ ϴϰ͘ϳ ϴϮ͘Ϯ ϴϬ͘ϰ ϰϬй ϳϵ͘ϴ ϳϬ͘ϲ ϳϬ͘ϭ ϲϰ͘ϰ ϯϬй ϮϬй ϭϬй ϭϲ͘ϯ Ϭй KǁŶĞƌZĞŶƚĞƌ Dy&/>Z^Z,ΘKE^h>d/E'ϰϳ DK'ZW,/E>z^/^ WƌŽƉŽƌƚŝŽŶŽĨKǁŶĞƌƐĂŶĚZĞŶƚĞƌƐ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂͲϮϬϮϬ ϭϬϬй ϭϱ͘ϵ ϭϲ͘ϳ ϵϬй ϮϬ͘ϭ Ϯϭ͘ϴ Ϯϳ͘ϴ Ϯϵ͘ϵ ϴϬй ϰϬ͘ϭ ϰϵ͘ϵ ϳϬй ϲϬй ϴϯ͘ϴ ϱϬй ϴϰ͘ϭ ϴϯ͘ϯ ϰϬй ϳϵ͘ϵ ϳϴ͘Ϯ ϳϮ͘Ϯ ϳϬ͘ϭ ϯϬй ϱϵ͘ϵ ϱϬ͘ϭ ϮϬй ϭϬй ϭϲ͘Ϯ Ϭй ϭϱƚŽϮϰϮϱƚŽϯϰϯϱƚŽϰϰϰϱƚŽϱϰϱϱƚŽϲϰϲϱƚŽϳϰϳϱƚŽϴϰϴϱнdŽƚĂů KǁŶĞƌZĞŶƚĞƌ KǁŶĞƌŚŽƵƐĞŚŽůĚƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂƌĞĂĐŚĂƉĞĂŬŽĨϴϰйŝŶƚŚĞϲϱƚŽϳϰ x ĂŐĞĐŽŚŽƌƚ͘KǀĞƌĂŐĞϳϱ͕ƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐĐůŝŵďƚŽϮϬй;ϳϱƚŽϴϰͿĂŶĚϰϭй;ϴϱнͿ͕ůŝŬĞůǇĂƐ ŚŽƵƐĞŚŽůĚƐďĞŐŝŶƚŽŵŽǀĞŽƵƚŽĨƚŚĞŝƌƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞƐĂŶĚĚĞƐŝƌĞƚŽƌĞůŝŶƋƵŝƐŚƚŚĞ ŵĂŝŶƚĞŶĂŶĐĞƌĞƐƉŽŶƐŝďŝůŝƚŝĞƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚŽǁŶĞƌƐŚŝƉĂŶĚŽƌŶĞĞĚƉĞƌƐŽŶĂůĐĂƌĞ ĂƐƐŝƐƚĂŶĐĞ͘ 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KůŵƐƚĞĚŽƵŶƚǇŝŶϮϬϭϬĂŶĚϮϬϮϬ͘dŚŝƐĚĂƚĂŝƐƵƐĞĨƵůŝŶƚŚĂƚŝƚƐŚĞĚƐŝŶƐŝŐŚƚŝŶƚŽƵŶŝƚƚǇƉĞƚŚĂƚ ŵĂǇďĞŵŽƐƚŶĞĞĚĞĚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘ ,ŽƵƐĞŚŽůĚƐŝǌĞĨŽƌƌĞŶƚĞƌƐƚĞŶĚƐƚŽďĞƐŵĂůůĞƌƚŚĂŶĨŽƌŽǁŶĞƌƐ͘dŚŝƐƚƌĞŶĚŝƐĂƌĞƐƵůƚŽĨƚŚĞ x ƚǇƉŝĐĂůŵĂƌŬĞƚƐĞŐŵĞŶƚƐĨŽƌƌĞŶƚĂůŚŽƵƐŝŶŐ͕ŝŶĐůƵĚŝŶŐŚŽƵƐĞŚŽůĚƐƚŚĂƚĂƌĞǇŽƵŶŐĞƌĂŶĚĂƌĞ ůĞƐƐůŝŬĞůǇƚŽďĞŵĂƌƌŝĞĚǁŝƚŚĐŚŝůĚƌĞŶ͕ĂƐǁĞůůĂƐŽůĚĞƌĂĚƵůƚƐĂŶĚƐĞŶŝŽƌƐǁŚŽĐŚŽŽƐĞƚŽ ĚŽǁŶƐŝǌĞĨƌŽŵƚŚĞŝƌƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞƐ͘/ŶϮϬϮϬ͕ϰϳйŽĨƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐŝŶƚŚĞ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂǁĞƌĞŽŶĞͲƉĞƌƐŽŶŚŽƵƐĞŚŽůĚƐ͘ DŽƐƚŽĨƚŚĞŽǁŶĞƌŚŽƵƐĞŚŽůĚƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝŶϮϬϮϬĂƌĞƚǁŽͲƉĞƌƐŽŶ x ŚŽƵƐĞŚŽůĚƐĂƚϯϴй͘dŚƌĞĞͲĂŶĚĨŽƵƌͲƉĞƌƐŽŶŽǁŶĞƌŚŽƵƐĞŚŽůĚƐĂůƐŽĂĐĐŽƵŶƚĨŽƌĂĐŽŵďŝŶĞĚ ϯϬй͘ WĞƌƐŽŶƐƉĞƌ,ŽƵƐĞŚŽůĚďǇdĞŶƵƌĞ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂͲϮϬϮϬ Ϯй ZĞŶƚĞƌKĐĐƵƉŝĞĚ ϰϳйϮϳйϭϭйϴй ϯй KǁŶĞƌKĐĐƵƉŝĞĚ Ϯϭйϯϴйϭϱйϭϱйϳй ϯй ϬйϮϬйϰϬйϲϬйϴϬйϭϬϬй ϭWW,ŽƵƐĞŚŽůĚϮWW,ŽƵƐĞŚŽůĚϯWW,ŽƵƐĞŚŽůĚϰWW,ŽƵƐĞŚŽůĚ ϱWW,ŽƵƐĞŚŽůĚϲWW,ŽƵƐĞŚŽůĚϳWWн,ŽƵƐĞŚŽůĚ dǁŽͲƉĞƌƐŽŶŚŽƵƐĞŚŽůĚƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĂĐĐŽƵŶƚĨŽƌƚŚĞůĂƌŐĞƐƚ x ƉƌŽƉŽƌƚŝŽŶŽĨŚŽƵƐĞŚŽůĚƐĂƚϯϱйĨŽůůŽǁĞĚďǇŽŶĞͲƉĞƌƐŽŶŚŽƵƐĞŚŽůĚƐ;ϮϵйͿŝŶϮϬϮϬ͘ dŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚŚĂƐƚŚĞŚŝŐŚĞƐƚƉƌŽƉŽƌƚŝŽŶŽĨŽŶĞͲƉĞƌƐŽŶŚŽƵƐĞŚŽůĚƐ;ϯϯйͿ x ĐŽŵƉĂƌĞĚƚŽŽƚŚĞƌKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂƐƵďŵĂƌŬĞƚƐ͘dŚĞŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚŚĂƐ ƚŚĞƐĞĐŽŶĚŚŝŐŚĞƐƚƉƌŽƉŽƌƚŝŽŶĂƚϮϳй͘dŚŝƐƉŽƚĞŶƚŝĂůůǇƌĞĨůĞĐƚƐĂůĂƌŐĞƌŝŶǀĞŶƚŽƌǇŽĨƌĞŶƚĂů ŚŽƵƐŝŶŐĂůŽŶŐǁŝƚŚŚŝŐŚĞƌƉƌĞĨĞƌĞŶĐĞĨŽƌƌĞŶƚŝŶŐ͘ dŚĞƌĂƚŝŽŽĨƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐĐŽŶƐŝƐƚŝŶŐŽĨŽŶĞͲƉĞƌƐŽŶŚŽƵƐĞŚŽůĚƐŝƐůĞĚďǇƚŚĞŚĂƚĨŝĞůĚ x ^ƵďŵĂƌŬĞƚĂƚϱϱй͘KǀĞƌĂůů͕ƚŚĞƐƵďŵĂƌŬĞƚƐĨĞůůďĞƚǁĞĞŶϯϮй;ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞͿĂŶĚϱϱй ;ŚĂƚĨŝĞůĚͿ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϱϮ DK'ZW,/E>z^/^ ,ŽƵƐĞŚŽůĚ^ŝǌĞŝƐƚƌŝďƵƚŝŽŶďǇ^ƵďŵĂƌŬĞƚ KůŵƐƚĞƌŽƵŶƚǇDĂƌŬĞƚƌĞĂͲϮϬϮϬ KůŵƐƚĞĚƚǇ͘D Ϯϵйϯϱйϭϰйϭϯйϲй D^ƵďŵĂƌŬĞƚ ϲϴйϮϬйϲй ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚ ϮϮйϯϯйϭϰйϭϱйϲй ZŽĐŚ͘&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚ ϭϰйϰϱйϭϰйϭϲйϴй ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ ϯϯйϯϰйϭϯйϭϮйϱй EŽƌƚŚZŝǀĞƌ ϮϬйϯϳйϭϱйϭϱйϴй ĂƐƚ^ƵďŵĂƌŬĞƚ Ϯϯйϯϱйϭϱйϭϱйϳй ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚ Ϯϳйϯϰйϭϱйϭϰйϳй ǇƌŽŶ^ƵďŵĂƌŬĞƚ ϭϴйϯϱйϭϰйϭϵйϵй ϬйϭϬйϮϬйϯϬйϰϬйϱϬйϲϬйϳϬйϴϬйϵϬйϭϬϬй ϭͲWĞƌƐŽŶϮͲWĞƌƐŽŶϯͲWĞƌƐŽŶϰͲWĞƌƐŽŶϱͲWĞƌƐŽŶϲͲWĞƌƐŽŶϳͲWĞƌƐŽŶ DZ tŝƚŚŝŶƚŚĞDĂƌĞĂ͕ĂůůŽŶĞͲƉĞƌƐŽŶŚŽƵƐĞŚŽůĚƐĂĐĐŽƵŶƚĨŽƌϲϴйŽĐĐƵƉŝĞĚƵŶŝƚƐ͘KŶĞͲ x ƉĞƌƐŽŶƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐŝŶƚŚĞDŚĂǀĞĂƉƌŽƉŽƌƚŝŽŶŽĨϳϰй͘ EĞĂƌůǇĂůůŽĨDŚŽƵƐĞŚŽůĚƐĂƌĞǁŝƚŚŽŶĞͲŽƌƚǁŽͲƉĞƌƐŽŶŚŽƵƐĞŚŽůĚƐ͘ x KǁŶĞƌ,,^ZĞŶƚĞƌ,,Ɛ KŶĞͲWĞƌƐŽŶϯϴйϳϰй dǁŽͲWĞƌƐŽŶϯϳйϭϲй ϳϱйϴϬй ,ŽƵƐĞŚŽůĚdǇƉĞ dĂďůĞͲϭϳ;ŝŶƚŚĞĂƉƉĞŶĚŝǆͿƐŚŽǁƐĂďƌĞĂŬĚŽǁŶŽĨƚŚĞƚǇƉĞŽĨŚŽƵƐĞŚŽůĚƐƉƌĞƐĞŶƚŝŶKůŵƐƚĞĚ ŽƵŶƚǇŝŶϮϬϭϬĂŶĚϮϬϮϬ͘dŚĞĚĂƚĂŝƐƵƐĞĨƵůŝŶĂƐƐĞƐƐŝŶŐŚŽƵƐŝŶŐĚĞŵĂŶĚƐŝŶĐĞƚŚĞŚŽƵƐĞŚŽůĚ ĐŽŵƉŽƐŝƚŝŽŶŽĨƚĞŶĚŝĐƚĂƚĞƐƚŚĞƚǇƉĞƐŽĨŚŽƵƐŝŶŐŶĞĞĚĞĚĂŶĚƉƌĞĨĞƌƌĞĚ͘ DĂƌƌŝĞĚĐŽƵƉůĞƐǁŝƚŚŽƵƚĐŚŝůĚƌĞŶƌĞƉƌĞƐĞŶƚƚŚĞůĂƌŐĞƐƚŚŽƵƐĞŚŽůĚƚǇƉĞŝŶKůŵƐƚĞĚŽƵŶƚǇ x ŝŶϮϬϮϬ͘dŚĞƐĞŚŽƵƐĞŚŽůĚƐĂĐĐŽƵŶƚĞĚĨŽƌϮϵ͘ϲйŽĨĂůůŚŽƵƐĞŚŽůĚƐ͕ĂƐůŝŐŚƚĚĞĐƌĞĂƐĞĨƌŽŵ ϯϬ͘ϮйĨƌŽŵϮϬϭϬ͘dŚĞƉƌŽƉŽƌƚŝŽŶŽĨŵĂƌƌŝĞĚĐŽƵƉůĞƐǁŝƚŚŽƵƚĐŚŝůĚƌĞŶŝŶƚŚĞKůŵƐƚĞĚ ŽƵŶƚǇDĂƌŬĞƚƌĞĂŝƐŚŝŐŚĞƌƚŚĂŶƚŚĞdǁŝŶŝƚŝĞƐDĞƚƌŽƌĞĂ;Ϯϳ͘ϳйͿ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϱϯ DK'ZW,/E>z^/^ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ,ŽƵƐĞŚŽůĚdǇƉĞ͗ϮϬϮϬ DĂƌƌŝĞĚǁͬ ŚŝůĚ ϮϬй DĂƌƌŝĞĚǁͬŽ ŚŝůĚ ϯϬй ZŽŽŵŵĂƚĞ ϴй KƚŚĞƌ&ĂŵŝůǇ ϭϯй >ŝǀŝŶŐůŽŶĞ Ϯϵй dŚĞŝŶĐƌĞĂƐĞŝŶŚŽƵƐĞŚŽůĚƐǁŝƚŚŽƵƚĐŚŝůĚƌĞŶƌĞĨůĞĐƚƐƚŚĞĐŚĂŶŐŝŶŐĚĞŵŽŐƌĂƉŚŝĐƐŽĨƚŚĞ x ĐŽƵŶƚǇĂŶĚƚŚĞĐŽƵŶƚƌǇŝŶŐĞŶĞƌĂůĂƐďĂďǇďŽŽŵĞƌƐĂŐĞĂŶĚŵŽƌĞŚŽƵƐĞŚŽůĚƐďĞĐŽŵĞ ĞŵƉƚǇŶĞƐƚŚŽƵƐĞŚŽůĚƐ͘ĚĚŝƚŝŽŶĂůĨĂĐƚŽƌƐĐŽŶƚƌŝďƵƚŝŶŐƚŽƚŚŝƐƚƌĞŶĚŝŶĐůƵĚĞĐŽƵƉůĞƐ ĚĞůĂǇŝŶŐŽƌĨŽƌŐŽŝŶŐ͕ŚĂǀŝŶŐĐŚŝůĚƌĞŶ͘ ,ŽƵƐĞŚŽůĚƐǁŝƚŚŽƵƚĐŚŝůĚƌĞŶŝƐƚŚĞůĂƌŐĞƐƚŚŽƵƐĞŚŽůĚƚǇƉĞŝŶĂůůŽĨƚŚĞƐƵďŵĂƌŬĞƚƐĞǆĐĞƉƚ x ƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚǁŚĞƌĞ>ŝǀŝŶŐůŽŶĞŝƐƚŚĞůĂƌŐĞƐƚŚŽƵƐĞŚŽůĚƚǇƉĞ͘ ƐƚŚĞƉŽƉƵůĂƚŝŽŶĂŐĞƐ͕DĂƌƌŝĞĚǁŝƚŚŽƵƚĐŚŝůĚƌĞŶŚŽƵƐĞŚŽůĚƐŝƐŐƌŽǁŝŶŐĂŶĚǁŝůůĐŽŶƚŝŶƵĞ x ƚŽďĞƚŚĞůĂƌŐĞƐƚŚŽƵƐĞŚŽůĚŐƌŽƵƉŝŶƚŚĞDĂƌŬĞƚƌĞĂĂŶĚĂůůďƵƚƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ͘ ůůŚŽƵƐĞŚŽůĚƚǇƉĞƐďƵƚƚŚĞDĂƌƌŝĞĚǁŝƚŚŚŝůĚƌĞŶĐĂƚĞŐŽƌǇŐƌĞǁŽǀĞƌƚŚĞĚĞĐĂĚĞ͘'ƌŽǁƚŚ x ƌĂƚĞƐďǇ^ƵďŵĂƌŬĞƚďǇŚŽƵƐĞŚŽůĚƚǇƉĞĨƌŽŵϮϬϭϬƚŽϮϬϮϬŝƐĂƐĨŽůůŽǁƐ͗ DĂƌƌŝĞĚDĂƌƌŝĞĚKƚŚĞƌ>ŝǀŝŶŐ ^ƵďŵĂƌŬĞƚtͬŚŝůĚƌĞŶǁͬŽŚŝůĚƌĞŶ&ĂŵŝůǇůŽŶĞZŽŽŵŵĂƚĞƐ ǇƌŽŶϮϬйϭϭйϮϳйϭϲйϮϴй ŚĂƚĨŝĞůĚͲϲ͘ϱйϭϬйϱйϭϲйϰϴй ĂƐƚͲϱйϳ͘ϱйϭϰйϯйϰϬй EŽƌƚŚϭϬйϭϯйϭϵйϭϬйϮϯй ZŽĐŚĞƐƚĞƌϬйϭϮйϮϭйϮϱ͘ϱйϮϵй ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞͲϲйϭϮ͘ϱйϮϭйϴйϰй ^ƚĞǁĂƌƚǀŝůůĞͲϰйϳйϮϱйϳйϮϭй DƌĞĂϯϮйϮϬйϲϴйϮϭйϮϯй Dy&/>Z^Z,ΘKE^h>d/E'ϱϰ DK'ZW,/E>z^/^ ,ŽƵƐĞŚŽůĚĞƌƐ>ŝǀŝŶŐůŽŶĞƌĞŵĂŝŶƚŚĞƐĞĐŽŶĚůĂƌŐĞƐƚŚŽƵƐĞŚŽůĚƚǇƉĞŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇ x DĂƌŬĞƚƌĞĂ͕ƌĞƉƌĞƐĞŶƚŝŶŐϮϵ͘ϮйŽĨŚŽƵƐĞŚŽůĚƐŶĞĂƌůǇƐƵƌƉĂƐƐŝŶŐDĂƌƌŝĞĚǁŝƚŚŽƵƚŚŝůĚƌĞŶ ĂƚϮϵ͘ϲй͘ dŚĞǇƌŽŶĂŶĚEŽƌƚŚƐƵďŵĂƌŬĞƚƐƌĞƉŽƌƚĞĚĂŐƌŽǁƚŚŝŶƚŚĞƉƌŽƉŽƌƚŝŽŶŽĨŵĂƌƌŝĞĚĐŽƵƉůĞƐ x ǁŝƚŚĐŚŝůĚƌĞŶďĞƚǁĞĞŶϮϬϭϬĂŶĚϮϬϮϬĐŽŵƉĂƌĞĚƚŽƚŚĞƐƚĂŐŶĞŶƚŽƌĚĞĐůŝŶŝŶŐŐƌŽǁƚŚŝŶƚŚĞ ŽƚŚĞƌƐƵďŵĂƌŬĞƚƐ͘dŚĞƐĞŐƌŽǁƚŚƌĂƚĞƐĂƌĞƐŚŽǁŶŽŶƚŚĞƉƌĞǀŝŽƵƐƉĂŐĞ͘ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ,ŽƵƐĞŚŽůĚdǇƉĞ͗ϮϬϮϬ DĂƌƌŝĞĚǁͬŚŝůĚ͕ ϭϵй DĂƌƌŝĞĚǁͬŽŚŝůĚ͕ Ϯϳй ZŽŽŵŵĂƚĞ͕ϴй KƚŚĞƌ&ĂŵŝůǇ͕ ϭϰй >ŝǀŝŶŐůŽŶĞ͕ ϯϯй ,ŽƵƐĞŚŽůĚdǇƉĞŽŵƉĂƌŝƐŽŶďǇ^ƵďŵĂƌŬĞƚ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ dDΖϮϬ ϮϵйϵйϮϬйϮϴйϭϱй ΖϭϬ ϮϵйϴйϮϮйϮϳйϭϱй KůŵƐƚĞĚŽ͘DΖϮϬ ϮϵйϴйϮϬйϯϬйϭϯй ΖϭϬ ϮϳйϳйϮϯйϯϬйϭϯй DƌĞĂΖϮϬ ϲϴйϳйϱйϭϯйϴй ΖϭϬ ϳϭйϳйϰйϭϯйϱй ^ƚĞǁĂƌƚǀŝůůĞ^Ƶď͘ΖϮϬ ϮϯйϲйϮϮйϯϯйϭϲй ΖϭϬ ϮϯйϱйϮϱйϯϯйϭϰй ZŽĐŚ͘&ƌŝŶŐĞ^Ƶď͘ΖϮϬ ϰй ϭϰйϮϱйϰϵйϵй ΖϭϬ ϭϯйϰйϮϴйϰϳйϴй ZŽĐŚĞƐƚĞƌ^Ƶď͘ΖϮϬ ϯϯйϴйϭϵйϮϳйϭϰй ΖϭϬ ϯϬйϴйϮϮйϮϴйϭϯй EŽƌƚŚ^Ƶď͘ΖϮϬ ϮϬйϱйϮϲйϯϳйϭϭй ΖϭϬ ϮϭйϱйϮϳйϯϳйϭϭй ĂƐƚ^Ƶď͘ΖϮϬ ϮϯйϱйϮϱйϯϯйϭϰй ΖϭϬ ϮϯйϰйϮϳйϯϮйϭϯй ŚĂƚĨŝĞůĚ^Ƶď͘ΖϮϬ ϮϳйϳйϮϮйϯϮйϭϯй ΖϭϬ ϮϱйϱйϮϱйϯϭйϭϰй ǇƌŽŶ^Ƶď͘ΖϮϬ ϭϴйϱйϯϬйϯϯйϭϰй ΖϭϬ ϭϴйϰйϮϵйϯϱйϭϯй ϬйϭϬйϮϬйϯϬйϰϬйϱϬйϲϬйϳϬйϴϬйϵϬйϭϬϬй >ŝǀŝŶŐůŽŶĞZŽŽŵŵĂƚĞƐDĂƌƌŝĞĚǁͬŚŝůĚDĂƌƌŝĞĚǁͬŽŚŝůĚKƚŚĞƌ&ĂŵŝůǇ Dy&/>Z^Z,ΘKE^h>d/E'ϱϱ DK'ZW,/E>z^/^ DƌĞĂ dŚŽƐĞ>ŝǀŝŶŐůŽŶĞǁĞƌĞƚŚĞŽǀĞƌǁŚĞůŵŝŶŐŵĂũŽƌŝƚǇŝŶƚŚĞDƌĞĂĂƚϲϴйŽĨƚŚĞ x ŚŽƵƐĞŚŽůĚƐŝŶƚŚĞDŝŶϮϬϮϬ͘,ŽƵƐĞŚŽůĚƐǁŝƚŚŽƵƚĐŚŝůĚƌĞŶŝƐƚŚĞƐĞĐŽŶĚůĂƌŐĞƐƚ ŚŽƵƐĞŚŽůĚƚǇƉĞŝŶƚŚĞDĂĐĐŽƵŶƚŝŶŐĨŽƌϭϯй͘ŽŵďŝŶĞĚ͕ƚŚĞƐĞƚǁŽŚŽƵƐĞŚŽůĚƚǇƉĞƐ ĂĐĐŽƵŶƚĨŽƌϴϭйŽĨŚŽƵƐĞŚŽůĚƐŝŶƚŚĞD͘ dŚĞůŽǁĞƐƚƉƌŽƉŽƌƚŝŽŶŚŽƵƐĞŚŽůĚƚǇƉĞŝŶƚŚĞDŝƐDĂƌƌŝĞĚǁŝƚŚŚŝůĚƌĞŶĂƚŽŶůǇϱй͘ x ZŽŽŵŵĂƚĞƐĨŽůůŽǁĂƚϲ͘ϱйǁŝƚŚKƚŚĞƌ&ĂŵŝůǇŚŽƵƐĞŚŽůĚƐĂƚϴй͘ DƌĞĂ,ŽƵƐĞŚŽůĚdǇƉĞ͗ϮϬϮϬ ZŽŽŵŵĂƚĞ͕ϳй DĂƌƌŝĞĚǁͬŚŝůĚ͕ ϱй >ŝǀŝŶŐůŽŶĞ͕ ϲϴй DĂƌƌŝĞĚǁͬŽŚŝůĚ͕ ϭϯй KƚŚĞƌ&ĂŵŝůǇ͕ϴй EĞƚtŽƌƚŚ dĂďůĞͲϭϴƐŚŽǁƐŚŽƵƐĞŚŽůĚŶĞƚǁŽƌƚŚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝŶϮϬϮϰ͘^ŝŵƉůǇ ƐƚĂƚĞĚ͕ŶĞƚǁŽƌƚŚŝƐƚŚĞĚŝĨĨĞƌĞŶĐĞďĞƚǁĞĞŶĂƐƐĞƚƐĂŶĚůŝĂďŝůŝƚŝĞƐ͕ŽƌƚŚĞƚŽƚĂůǀĂůƵĞŽĨĂƐƐĞƚƐ ĂĨƚĞƌƚŚĞĚĞďƚŝƐƐƵďƚƌĂĐƚĞĚ͘dŚĞĚĂƚĂǁĂƐĐŽŵƉŝůĞĚĂŶĚĞƐƚŝŵĂƚĞĚďǇ^Z/ďĂƐĞĚŽŶƚŚĞ^ƵƌǀĞǇ ŽĨŽŶƐƵŵĞƌ&ŝŶĂŶĐĞƐĂŶĚ&ĞĚĞƌĂůZĞƐĞƌǀĞŽĂƌĚĚĂƚĂǁŝƚŚĂĚũƵƐƚŵĞŶƚƐŵĂĚĞďǇDĂǆĨŝĞůĚ ZĞƐĞĂƌĐŚ͘ ĂƐĞĚŽŶƌĞƐĞĂƌĐŚĨƌŽŵƚŚĞϮϬϭϵƚŽϮϬϮϮ&ĞĚĞƌĂůZĞƐĞƌǀĞ^ƵƌǀĞǇŽĨŽŶƐƵŵĞƌ&ŝŶĂŶĐĞƐ;ƚŚĞ ŵŽƐƚƌĞĐĞŶƚƐƵƌǀĞǇ͕ƚŚĞĂǀĞƌĂŐĞŵĞƌŝĐĂŶŚŽŵĞŽǁŶĞƌŚĂƐĂŶĞƚǁŽƌƚŚĂďŽƵƚϰϬ͘ϱƚŝŵĞƐ ŐƌĞĂƚĞƌƚŚĂŶƚŚĂƚŽĨĂƌĞŶƚĞƌ͘ĂƚĂƐŚŽǁĞĚƚŚĞĂǀĞƌĂŐĞŶĞƚǁŽƌƚŚŽĨĂŚŽŵĞŽǁŶĞƌǁĂƐ ΨϮϵϲ͕ϮϬϬ;ĂϯϰйŝŶĐƌĞĂƐĞƐŝŶĐĞϮϬϭϵͿ͕ǁŚĞƌĞĂƐƚŚĞĂǀĞƌĂŐĞŶĞƚǁŽƌƚŚŽĨĂƌĞŶƚĞƌǁĂƐΨϭϬ͕ϰϬϬ ;ĂϰϯйĚĞĐƌĞĂƐĞĨƌŽŵϮϬϭϵͿ͘ dŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŚĂĚĂŶĞƐƚŝŵĂƚĞĚĂǀĞƌĂŐĞĂŶĚŵĞĚŝĂŶŶĞƚǁŽƌƚŚŽĨ x Ψϭ͕ϰϬϰ͕ϬϰϯĂŶĚΨϯϬϰ͕ϵϯϰ͕ƌĞƐƉĞĐƚŝǀĞůǇŝŶϮϬϮϱ͘DĞĚŝĂŶŶĞƚǁŽƌƚŚŝƐŐĞŶĞƌĂůůǇĂŵŽƌĞ ĂĐĐƵƌĂƚĞĚĞƉŝĐƚŝŽŶŽĨǁĞĂůƚŚƚŚĂŶƚŚĞĂǀĞƌĂŐĞĨŝŐƵƌĞ͘ĨĞǁŚŽƵƐĞŚŽůĚƐǁŝƚŚǀĞƌǇůĂƌŐĞŶĞƚ ǁŽƌƚŚĐĂŶƐŝŐŶŝĨŝĐĂŶƚůǇƐŬĞǁƚŚĞĂǀĞƌĂŐĞ͘ƐĂĐŽŵƉĂƌŝƐŽŶ͕ƚŚĞdǁŝŶŝƚŝĞƐDĞƚƌŽƌĞĂŚĂĚ ĂŶĞƐƚŝŵĂƚĞĚĂǀĞƌĂŐĞŶĞƚǁŽƌƚŚŽĨΨϭ͕ϰϵϴ͕ϰϲϲĂŶĚŵĞĚŝĂŶŶĞƚǁŽƌƚŚŽĨΨϯϬϵ͕ϵϴϳ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϱϲ DK'ZW,/E>z^/^ EĞƚtŽƌƚŚ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ϮϬϮϱ Ψϯ͕ϬϬϬ͕ϬϬϬ ǀĞƌĂŐĞDĞĚŝĂŶ ΨϮ͕ϱϬϬ͕ϬϬϬ ΨϮ͕ϳϬϭ͕ϭϰϳ ΨϮ͕ϬϬϬ͕ϬϬϬ ΨϮ͕ϭϱϱ͕ϲϱϵ Ψϭ͕ϵϯϬ͕ϰϬϮ Ψϭ͕ϱϬϬ͕ϬϬϬ ΨϳϮϭ͕ϬϱϮ Ψϭ͕ϰϵϴ͕ϰϲϲ Ψϭ͕ϰϲϲ͕ϴϱϱΨϱϳϬ͕ϮϮϴ ΨϱϱϬ͕ϵϴϳΨϱϰϳ͕ϯϴϰ Ψϭ͕ϯϵϳ͕ϲϳϰΨϭ͕ϰϬϰ͕Ϭϰϯ Ψϯϲϯ͕ϵϰϬΨϯϲϲ͕ϳϮϮ Ψϭ͕ϬϬϬ͕ϬϬϬ Ψϭ͕Ϯϯϲ͕ϮϳϬ ΨϯϭϮ͕Ϯϳϭ ΨϯϬϰ͕ϵϯϰΨϯϬϵ͕ϴϵϳ ΨϮϱϳ͕ϱϴϲ Ψϭ͕ϭϭϯ͕ϰϴϯ Ψϭϲ͕ϭϭϮ ΨϱϬϬ͕ϬϬϬ ΨϬ ^ŝŵŝůĂƌƚŽŚŽƵƐĞŚŽůĚŝŶĐŽŵĞ͕ŶĞƚǁŽƌƚŚŝŶĐƌĞĂƐĞƐĂƐŚŽƵƐĞŚŽůĚƐĂŐĞĂŶĚĚĞĐƌĞĂƐĞƐĂĨƚĞƌ x ƚŚĞǇƉĂƐƐƚŚĞŝƌƉĞĂŬĞĂƌŶŝŶŐǇĞĂƌƐĂŶĚŵŽǀĞŝŶƚŽƌĞƚŝƌĞŵĞŶƚ͘dŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚ ƌĞĂ͛ƐĞƐƚŝŵĂƚĞĚŵĞĚŝĂŶĂŶĚĂǀĞƌĂŐĞŶĞƚǁŽƌƚŚƉĞĂŬŝŶƚŚĞϲϱƚŽϳϰĂŐĞĐŽŚŽƌƚ͕ƉŽƐƚŝŶŐĂŶ ĂǀĞƌĂŐĞŶĞƚǁŽƌƚŚŽĨΨϮ͕ϲϬϲ͕ϮϬϭĂŶĚĂŵĞĚŝĂŶŶĞƚǁŽƌƚŚŽĨΨϲϯϵ͕ϰϬϱ͘ EĞƚtŽƌƚŚ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ϮϬϮϱ Ψϯ͕ϬϬϬ͕ϬϬϬΨϳϬϬ͕ϬϬϬ Ψϲϯϵ͕ϰϬϱ Ψϲϯϭ͕ϰϭϵ ǀĞƌĂŐĞ ΨϲϬϬ͕ϬϬϬ ΨϮ͕ϱϬϬ͕ϬϬϬ DĞĚŝĂŶ Ψϯϳϰ͕ϱϱϮ ΨϱϬϬ͕ϬϬϬ ΨϮ͕ϬϬϬ͕ϬϬϬ ΨϰϮϲ͕ϮϵϮ ΨϰϬϬ͕ϬϬϬ Ψϭ͕ϱϬϬ͕ϬϬϬ ΨϯϬϬ͕ϬϬϬ ΨϮϳϱ͕Ϯϭϭ Ψϭ͕ϬϬϬ͕ϬϬϬ Ψϭϱ͕Ϭϱϯ ΨϮϬϬ͕ϬϬϬ Ψϭ͕ϰϴϭ͕ϰϲϰΨϮ͕Ϯϴϰ͕ϮϰϬΨϮ͕ϲϬϲ͕ϮϬϭΨϭ͕ϵϳϲ͕ϯϲϴ ΨϮϬϭ͕ϳϭϲ Ψϴϰϭ͕ϯϲϬ Ψϵϲ͕ϰϱϬ Ψϵϳ͕ϭϭϬ ΨϱϬϬ͕ϬϬϬ ΨϭϬϬ͕ϬϬϬ ΨͲΨͲ Dy&/>Z^Z,ΘKE^h>d/E'ϱϳ DK'ZW,/E>z^/^ DĞĚŝĂŶEĞƚtŽƌƚŚ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ^ƵďŵĂƌŬĞƚƐ ϮϬϮϱ Ψϭ͕ϮϬϬ͕ϬϬϬ Ψϭ͕ϬϬϬ͕ϬϬϬ ΨϴϬϬ͕ϬϬϬ ΨϲϬϬ͕ϬϬϬ ΨϰϬϬ͕ϬϬϬ ΨϮϬϬ͕ϬϬϬ ΨͲ ϭϱƚŽϮϰϮϱƚŽϯϱϯϰƚŽϰϱϰϰƚŽϱϰϱϱƚŽϲϰϲϱƚŽϳϰϳϱн ǇƌŽŶ^Ƶď͘ŚĂƚĨŝĞůĚ^Ƶď͘ĂƐƚ^Ƶď͘EŽƌƚŚ^Ƶď͘ ZŽĐŚĞƐƚĞƌ^Ƶď͘ZŽĐŚ&ƌŝŶŐĞ^Ƶď͘^ƚĞǁĂƌƚǀŝůůĞDƌĞĂ tŝƚŚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͕ƚŚĞZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞƐƵďŵĂƌŬĞƚŚĂĚƚŚĞŚŝŐŚĞƐƚ x ŵĞĚŝĂŶŶĞƚǁŽƌƚŚĂƚΨϳϮϭ͕ϬϱϮ͕ϭϳϰĨŽůůŽǁĞĚďǇƚŚĞEŽƌƚŚƐƵďŵĂƌŬĞƚĂƚΨϱϳϬ͕ϮϮϴ͘ ŽŶǀĞƌƐĞůǇ͕ƚŚĞZŽĐŚĞƐƚĞƌƐƵďŵĂƌŬĞƚŚĂĚƚŚĞůŽǁĞƐƚŵĞĚŝĂŶŶĞƚǁŽƌƚŚĂƚΨϮϱϳ͕ϱϴϲ͘ ,ŽƵƐĞŚŽůĚƐŽŌĞŶĚĞůĂǇƉƵƌĐŚĂƐŝŶŐŚŽŵĞƐĂŶĚŝŶƐƚĞĂĚĐŚŽŽƐĞƚŽƌĞŶƚƵŶƟůƚŚĞǇĂĐƋƵŝƌĞ x ƐƵĸĐŝĞŶƚŶĞƚǁŽƌƚŚƚŽĐŽǀĞƌƚŚĞĐŽƐƚƐŽĨĂĚŽǁŶƉĂǇŵĞŶƚĂŶĚĐůŽƐŝŶŐĐŽƐƚƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚ ŚŽŵĞŽǁŶĞƌƐŚŝƉ͘ƵĞƚŽƚŚĞĞǆƚƌĞŵĞƌŝƐĞŝŶĨŽƌͲƐĂůĞŚŽƵƐŝŶŐĐŽƐƚƐ͕ƌĞŶƚĂůŚŽƵ ƐŝŶŐŽƉƟŽŶƐ ŚĂǀĞďŽŽŵĞĚŝŶŵĞƚƌŽƉŽůŝƚĂŶĂƌĞĂƐŝŶĐůƵĚŝŶŐZŽĐŚĞƐƚĞƌƐŝŶĐĞϮϬϭϬƚŚƌŽƵŐŚϮϬϮϰ͘ DƌĞĂ ǀĞƌĂŐĞĂŶĚŵĞĚŝĂŶŶĞƚǁŽƌƚŚŝŶƚŚĞDƌĞĂŝƐƐŝŐŶŝĮĐĂŶƚůǇůŽǁĞƌƚŚĂŶƚŚĞKůŵƐƚĞĚ x ŽƵŶƚǇDĂƌŬĞƚƌĞĂĂŶĚĞĂĐŚƐƵďŵĂƌŬĞƚ͘dŚĞDŵĞĚŝĂŶŶĞƚǁŽƌƚŚŝŶϮϬϮϱŝƐĞƐƟŵĂƚĞĚ ĂƚΨϱϰϳ͕ϯϴϰǁŚŝĐŚŝƐϲϭйůŽǁĞƌƚŚĂŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĂŶĚϱϲйůŽǁĞƌƚŚĞ ZŽĐŚĞƐƚĞƌ͘ dŚĞůŽǁĞƌŶĞƚǁŽƌƚŚŝŶƚŚĞDƌĞĂŝƐůŝŬĞůǇĚƵĞƚŽƚŚĞŚŝŐŚŶƵŵďĞƌŽĨƌĞŶƚĞƌƐŚŽƵƐĞŚŽůĚƐ x ĂŶĚůŽǁĞƌŚŽƵƐĞŚŽůĚƐŝǌĞ͘tŝƚŚĂŵĂũŽƌŝƚǇŽĨƚŚĞŚŽƵƐŝŶŐƵŶŝƚƐďĞŝŶŐƌĞŶƚĞĚĂŶĚϲϴйůŝǀŝŶŐ ĂůŽŶĞ͕ƚŚĞĐŽƌƌĞůĂƚŝŽŶƚŽůŝŵŝƚĞĚŶĞƚǁŽƌƚŚĐĂŶďĞĂƐĐĞƌƚĂŝŶĞĚ͘dŚĞĐŚĂƌƚŽŶƚŚĞĨŽůůŽǁŝŶŐ ƉĂŐĞƐŚŽǁƐƚŚĞĂǀĞƌĂŐĞĂŶĚŵĞĚŝĂŶŶĞƚǁŽƌƚŚǁŝƚŚŝŶƚŚĞDƌĞĂďǇĂŐĞŐƌŽƵƉ͘ ϙ Dy&/>Z^Z,ΘKE^h>d/E'ϱϴ DK'ZW,/E>z^/^ EĞƚtŽƌƚŚ DƌĞĂ ϮϬϮϱ Ψϭ͕ϰϬϬ͕ϬϬϬΨϲϬ͕ϬϬϬ Ψϱϯ͕ϭϵϮ Ψϭ͕ϯϱϴ͕ϯϮϰ ΨϱϬ͕ϬϬϬ ǀĞƌĂŐĞ Ψϭ͕ϮϬϬ͕ϬϬϬ ΨϱϬ͕ϬϬϬ DĞĚŝĂŶ Ψϭ͕ϬϬϬ͕ϬϬϬ Ψϭ͕Ϭϲϴ͕ϲϵϯ ΨϰϬ͕ϬϬϬ ΨϴϬϬ͕ϬϬϬ ΨϮϵ͕Ϭϯϯ ΨϯϬ͕ϬϬϬ Ψϳϰϱ͕ϲϲϰ ΨϲϬϬ͕ϬϬϬ ΨϲϲϬ͕ϯϭϳ ΨϮϳ͕ϲϰϲ Ψϭϵ͕ϵϰϴ ΨϮϬ͕ϬϬϬ Ψϵ͕ϴϭϳ ΨϰϬϬ͕ϬϬϬ Ψϭϭ͕ϵϲϱ Ψϭϴϰ͕ϯϰϵ Ψϯϯ͕ϴϲϮ ΨϭϬ͕ϬϬϬ ΨϮϬϬ͕ϬϬϬ ΨϲϬ͕ϱϬϱ ΨͲΨͲ Dy&/>Z^Z,ΘKE^h>d/E'ϱϵ ,Kh^/E',ZdZ/^d/^ ,ŽƵƐŝŶŐŚĂƌĂĐƚĞƌŝƐƟĐƐ dŚĞǀĂƌŝĞƚǇĂŶĚĐŽŶĚŝƚŝŽŶŽĨƚŚĞŚŽƵƐŝŶŐƐƚŽĐŬŝŶĂĐŽŵŵƵŶŝƚǇƉƌŽǀŝĚĞƐƚŚĞďĂƐŝƐĨŽƌĂŶ ĂƚƚƌĂĐƚŝǀĞůŝǀŝŶŐĞŶǀŝƌŽŶŵĞŶƚ͘,ŽƵƐŝŶŐĨƵŶĐƚŝŽŶƐĂƐĂďƵŝůĚŝŶŐďůŽĐŬĨŽƌŶĞŝŐŚďŽƌŚŽŽĚƐĂŶĚ ŐŽŽĚƐĂŶĚƐĞƌǀŝĐĞƐ͘tĞĞǆĂŵŝŶĞĚƚŚĞŚŽƵƐŝŶŐŵĂƌŬĞƚŝŶĞĂĐŚKůŵƐƚĞĚŽƵŶƚǇƐƵďŵĂƌŬĞƚďǇ ƌĞǀŝĞǁŝŶŐĚĂƚĂŽŶƚŚĞĂŐĞŽĨƚŚĞĞǆŝƐƚŝŶŐŚŽƵƐŝŶŐƐƵƉƉůǇ͕ĞǆĂŵŝŶŝŶŐƌĞƐŝĚĞŶƚŝĂůďƵŝůĚŝŶŐƚƌĞŶĚƐ ƐŝŶĐĞϮϬϭϭ͘ ZĞƐŝĚĞŶƟĂůƵŝůĚŝŶŐWĞƌŵŝƚdƌĞŶĚƐ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚŽďƚĂŝŶĞĚĚĂƚĂŽŶƚŚĞŶƵŵďĞƌŽĨŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶŚŽƵƐŝŶŐƵŶŝƚƐĨƌŽŵϮϬϭϭ ƚŚƌŽƵŐŚϮϬϮϰĨŽƌĐŽŵŵƵŶŝƚŝĞƐǁŝƚŚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘dĂďůĞ,ͲϭĚŝƐƉůĂǇƐ ƚŚĞŶƵŵďĞƌŽĨďƵŝůĚŝŶŐƉĞƌŵŝƚƐŝƐƐƵĞĚĨŽƌŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶŽĨƌĞƐŝĚĞŶƚŝĂůƵŶŝƚƐŝŶƚŚĞKůŵƐƚĞĚ ŽƵŶƚǇDĂƌŬĞƚƌĞĂǁŚŝůĞdĂďůĞ,ͲϮĚŝƐƉůĂǇƐďƵŝůĚŝŶŐƉĞƌŵŝƚƐďƌŽŬĞŶĚŽǁŶďǇƐƵďŵĂƌŬĞƚ͘ dŚĞĨŽůůŽǁŝŶŐĂƌĞŬĞǇƉŽŝŶƚƐĨƌŽŵdĂďůĞƐ͘ dŚĞƌĞŚĂǀĞďĞĞŶϭϰ͕ϳϳϮƌĞƐŝĚĞŶƚŝĂůƵŶŝƚƐƉĞƌŵŝƚƚĞĚďĞƚǁĞĞŶϮϬϭϭĂŶĚϮϬϮϰ͘dŚĂƚĞƋƵĂƚĞƐ x ƚŽĂŶĞƐƚŝŵĂƚĞĚϭ͕ϬϱϱƌĞƐŝĚĞŶƚŝĂůƵŶŝƚƐƉĞƌŵŝƚƚĞĚĂŶŶƵĂůůǇƐŝŶĐĞϮϬϭϭ͘ďŽƵƚϱϲйŽĨƚŚĞ ƉĞƌŵŝƚƐŝƐƐƵĞĚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂƐŝŶĐĞϮϬϭϭŚĂǀĞďĞĞŶDƵůƚŝĨĂŵŝůǇƵŶŝƚƐ͘ ƵŝůĚŝŶŐWĞƌŵŝƚƐďǇWƌŽĚƵĐƚdǇƉĞ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ϮϬϭϭƚŽϮϬϮϰ ϭ͕ϴϬϬ ϭ͕ϲϬϬ ϭ͕ϭϲϳ ϭ͕ϭϰϰ ϵϵϭ EƵŵďĞƌŽĨWĞƌŵŝƚƐ/ƐƐƵĞĚ ϭ͕ϰϬϬ ϭ͕ϬϮϯ ϭ͕ϮϬϬ ϲϯϱ ϭ͕ϬϬϬ ϲϭϱ ϲϵϲ ϱϰϴ ϴϬϬ ϱϱϰ ϭϰϴ ϰϭϴ ϭϭϵ ϲϬϬ ϲϮ ϲϯϰ ϲϮϬ ϱϯϱ ϰϬϬ ϭϴϳ ϱϭϵ ϱϬϵ ϰϴϱ ϰϳϰ ϰϲϬ ϰϮϵ ϰϮϭ ϯϴϱ ϯϱϴ ϯϯϳ ϮϬϬ Ϯϵϵ Ϭ ϮϬϭϭϮϬϭϮϮϬϭϯϮϬϭϰϮϬϭϱϮϬϭϲϮϬϭϳϮϬϭϴϮϬϭϵϮϬϮϬϮϬϮϭϮϬϮϮϮϬϮϯϮϬϮϰ ^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇ dŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĂǀĞƌĂŐĞĚŶĞĂƌůǇϲϬϬŵƵůƚŝĨĂŵŝůǇƵŶŝƚƐƉĞƌŵŝƚƚĞĚƉĞƌǇĞĂƌ x ƐŝŶĐĞϮϬϭϭ͘ĞƚǁĞĞŶϮϬϭϭƚŚƌŽƵŐŚϮϬϭϱ͕ϭ͕ϲϴϯƚŽƚĂůŵƵůƚŝĨĂŵŝůǇƵŶŝƚƐǁĞƌĞƉĞƌŵŝƚƚĞĚ;ϯϯϳ Dy&/>Z^Z,ΘKE^h>d/E'ϲϬ ,Kh^/E',ZdZ/^d/^ ƵŶŝƚƐƉĞƌǇĞĂƌͿ͘tŚŝůĞĨƌŽŵϮϬϭϲƚŚƌŽƵŐŚϮϬϮϰ͕ϲ͕ϲϮϰƵŶŝƚƐǁĞƌĞƉĞƌŵŝƚƚĞĚ;ϳϯϲƵŶŝƚƐƉĞƌ ǇĞĂƌͿ͘ /ŶϮϬϮϰ͕ƚŚĞƌĞǁĞƌĞϯϯϳƐŝŶŐůĞͲĨĂŵŝůǇƉĞƌŵŝƚƐŝƐƐƵĞĚŝŶKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͕ǁŚŝĐŚ x ŝƐǁĞůůďĞůŽǁƚŚĞϰϲϮĂŶŶƵĂůĂǀĞƌĂŐĞƐŝŶŐůĞͲĨĂŵŝůǇƵŶŝƚƐƐŝŶĐĞϮϬϭϭ͘^ŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞ ĚĞǀĞůŽƉŵĞŶƚǁĂƐƐƚƌŽŶŐĨƌŽŵϮϬϭϰƚŚƌŽƵŐŚϮϬϭϴĂǀĞƌĂŐŝŶŐϱϲϯƵŶŝƚƐƉĞƌǇĞĂƌĚƵƌŝŶŐƚŚĞ ƉĞƌŝŽĚďĞĨŽƌĞƐŝŐŶŝĨŝĐĂŶƚůǇĚĞĐůŝŶŝŶŐŝŶϮϬϭϵ͘ǀĞƌĂŐĞƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞƐƉĞƌŵŝƚƚĞĚƉĞƌ ǇĞĂƌƐŝŶĐĞϮϬϭϴŚĂƐĂǀĞƌĂŐĞϰϭϯƵŶŝƚƐ͘dŚŝƐŝƐƐƚŝůůǁĞůůďĞůŽǁƚŚĞĂǀĞƌĂŐĞŽĨϲϰϬƵŶŝƚƐƉĞƌ ǇĞĂƌĚƵƌŝŶŐϮϬϬϭƚŚƌŽƵŐŚϮϬϭϬ͘ ,Ͳϭ Z^/Ed/>KE^dZhd/KEh/>/E'WZD/ddhE/d^/^^h K>D^dKhEdzDZ<dZ ϮϬϭϬƚŽϮϬϮϰΎ zĞĂƌ^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇdŽƚĂů ϮϬϭϭϮϵϵϭϴϳϰϴϲ ϮϬϭϮϯϴϱϭϭϵϱϬϰ ϮϬϭϯϰϴϱϲϮϱϰϳ ϮϬϭϰϱϭϵϭϰϴϲϲϳ ϮϬϭϱϱϯϱϭ͕ϭϲϳϭ͕ϳϬϮ ϮϬϭϲϲϯϰϵϵϭϭ͕ϲϮϱ ϮϬϭϳϲϮϬϲϯϱϭ͕Ϯϱϱ ϮϬϭϴϱϬϵϭ͕ϭϰϰϭ͕ϲϱϯ ϮϬϭϵϰϮϭϱϰϴϵϲϵ ϮϬϮϬϰϮϵϰϭϴϴϰϳ ϮϬϮϭϰϲϬϲϭϱϭ͕Ϭϳϱ ϮϬϮϮϰϳϰϭ͕ϬϮϯϭ͕ϰϵϳ ϮϬϮϯϯϱϴϱϱϰϵϭϮ ϮϬϮϰΎϯϯϳϲϵϲϭ͕Ϭϯϯ dŽƚĂůϲ͕ϰϲϱϴ͕ϯϬϳϭϰ͕ϳϳϮ ΎWĞƌŵŝƚƐǀĂƌŝĞƐďǇĚĂƚĞĨŽƌĞĂĐŚƐƵďŵĂƌŬĞƚĚƵĞƚŽĂǀĂŝůĂďůĞĚĂƚĂďǇĐŽŵŵƵŶŝƚǇ͘ ^ŽƵƌĐĞƐ͗KůŵƐƚĞĚŽƵŶƚǇ͖DƵŶŝĐŝƉĂůŝƚŝĞƐ͖dW͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘ ŽŶƐƵůƚŝŶŐ dŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚĂĐĐŽƵŶƚĞĚĨŽƌϴϭйŽĨƚŚĞĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞDĂƌŬĞƚƌĞĂĨƌŽŵ x ϮϬϭϭǁŝƚŚϭϮ͕ϬϭϳƉĞƌŵŝƚƚĞĚƵŶŝƚƐ͘dŚĞǇƌŽŶ^ƵďŵĂƌŬĞƚĞǆƉĞƌŝĞŶĐĞĚƚŚĞƐĞĐŽŶĚŵŽƐƚ ŵĂƌŬĞƚƐŚĂƌĞĚĞǀĞůŽƉŵĞŶƚǁŝƚŚϵϭϬƉĞƌŵŝƚƚĞĚƵŶŝƚƐ;ϲйŽĨƚŚĞDĂƌŬĞƚƌĞĂͿ ŐĂŝŶ͕ƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚĂĐĐŽƵŶƚĞĚĨŽƌƚŚĞůĂƌŐĞƐƚŵĂũŽƌŝƚǇŽĨƐŝŶŐůĞͲĨĂŵŝůǇ x ĚĞǀĞůŽƉŵĞŶƚǁŝƚŚϲϱйŽĨƚŚĞƉĞƌŵŝƚƚĞĚƵŶŝƚƐƐŝŶĐĞϮϬϭϭ;ϰ͕ϮϮϰƵŶŝƚƐͿǁŚŝůĞƚŚĞǇƌŽŶ ^ƵďŵĂƌŬĞƚĂŶĚZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚƐĐŽŶƐŝƐƚĞĚŽĨϭϬйĂŶĚϴйŽĨƚŚĞƐŝŶŐůĞͲĨĂŵŝůǇ ĚĞǀĞůŽƉŵĞŶƚ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϲϭ ,Kh^/E',ZdZ/^d/^ ^ŝŶŐůĞĨĂŵŝůǇĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚǁĂƐƐƚƌŽŶŐĞƐƚĚƵƌŝŶŐϮϬϭϭƚŽϮϬϭϱ x ǁŝƚŚϭ͕ϱϰϲŚŽŵĞƐƉĞƌŵŝƚƚĞĚ;ϯϬϵĂǀĞƌĂŐĞƉĞƌǇĞĂƌͿďƵƚŚĂƐĨĂůůĞŶϰϭйĨƌŽŵϮϬϮϭƚŽϮϬϮϰ ǁŝƚŚϵϭϵŚŽŵĞƐƉĞƌŵŝƚƚĞĚ;ϮϯϳĂǀĞƌĂŐĞƉĞƌǇĞĂƌͿ͘ ƵƌŝŶŐƚŚĞƐĂŵĞƉĞƌŝŽĚ͕ŵƵůƚŝĨĂŵŝůǇĚĞǀĞůŽƉŵĞŶƚŝŶZŽĐŚĞƐƚĞƌŐƌĞǁƐƵďƐƚĂŶƚŝĂůůǇĂŶĚǁĂƐ x ƐƚƌŽŶŐĞƐƚĚƵƌŝŶŐϮϬϭϲƚŽϮϬϮϬǁŚĞŶϯ͕ϰϳϴƵŶŝƚƐǁĞƌĞƉĞƌŵŝƚƚĞĚ;ϲϵϲĂǀĞƌĂŐĞƉĞƌǇĞĂƌͿ͘ dŚĂƚŝƐĂϭϭϮйŐƌŽǁƚŚŝŶŵƵůƚŝĨĂŵŝůǇƵŶŝƚƐŽǀĞƌƚŚĞƚǁŽƉĞƌŝŽĚƐ͘DƵůƚŝĨĂŵŝůǇĚĞǀĞůŽƉŵĞŶƚ ŝŶZŽĐŚĞƐƚĞƌĨƌŽŵϮϬϮϭƚŽϮϬϮϰŚĂƐƌĞŵĂŝŶĞĚƐƚƌŽŶŐĂƚϲϲϴƵŶŝƚƐƉĞƌǇĞĂƌ͘ ,ͲϮ Z^/Ed/>KE^dZhd/KEh/>/E'WZD/ddhE/d^/^^h K>D^dKhEdzDZ<dZ ϮϬϭϭƚŽϮϬϮϰ ǇƌŽŶ^ƵďŵĂƌŬĞƚŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚĂƐƚ^ƵďŵĂƌŬĞƚEŽƌƚŚ^ƵďŵĂƌŬĞƚ zĞĂƌ^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇ^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇ^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇ^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇ ϮϬϭϭϮϬϰϱϬϭϳϬϭϭϬ ϮϬϭϮϰϱϬϱϬϭϭϬϭϭϬ ϮϬϭϯϱϲϮϭϬϬϭϯϬϭϰϬ ϮϬϭϰϰϰϭϴϵϮϮϭϬϭϲϬ ϮϬϭϱϱϬϳϭϭϬϯϬϰϮϮϬ ϮϬϭϲϰϵϯϭϱϬϰϭϬϯϮϯ ϮϬϭϳϯϴϮϬϮϭϬϮϳϮϯϰϬ ϮϬϭϴϯϱϯϴϮϮϬϮϰϬϮϵϯϴ ϮϬϭϵϮϲϭϳϭϬϬϮϯϬϯϯϬ ϮϬϮϬϯϯϲϰϭϮϮϯϬϬϯϳϬ ϮϬϮϭϳϭϯϲϭϬϬϮϴϬϰϮϬ ϮϬϮϮϭϬϬϲϱϲϬϯϱϬϯϮϬ ϮϬϮϯϯϮϯϲϬϭϰϬϭϬϬ ϮϬϮϰΎϯϭϯϲϰϭϯϬϯϬϬ dŽƚĂůϲϯϬϮϴϬϭϰϴϴϯϮϳϲϯϱϯϰϭ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚZŽĐŚ͘&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚKůŵƐƚĞĚŽƵŶƚǇD ^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇ^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇ^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇ^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇ zĞĂƌ ϮϬϭϭϮϭϮϭϴϯϮϬϬϭϰϬϮϵϵϭϴϳ ϮϬϭϮϮϳϳϭϭϵϮϯϬϭϯϬϯϴϱϭϭϵ ϮϬϭϯϯϮϯϲϬϰϳϬϮϮϬϰϴϱϲϮ ϮϬϭϰϯϲϵϭϮϰϰϭϬϭϵϰϱϭϵϭϰϴ ϮϬϭϱϯϲϱϭ͕ϭϱϲϰϰϬϭϯϬϱϯϱϭ͕ϭϲϳ ϮϬϭϲϰϭϵϵϴϭϲϬϬϭϴϰϲϯϰϵϵϭ ϮϬϭϳϰϯϵϲϭϯϰϯϬϭϴϬϲϮϬϲϯϱ ϮϬϭϴϯϰϳϭ͕ϬϲϴϰϭϬϭϭϬϱϬϵϭ͕ϭϰϰ ϮϬϭϵϮϴϵϱϭϵϮϳϬϭϯϭϮϰϮϭϱϰϴ ϮϬϮϬϮϲϱϮϵϳϯϮϬϮϬϱϱϰϮϵϰϭϴ ϮϬϮϭϮϰϵϱϳϵϯϰϬϮϲϬϰϲϬϲϭϱ ϮϬϮϮϮϯϬϴϱϰϯϵϬϯϮϭϬϰϰϳϰϭ͕ϬϮϯ ϮϬϮϯϮϰϭϱϱϭϯϳϬϭϴϬϯϱϴϱϱϰ ϮϬϮϰΎϭϵϵϲϴϵϰϳϬϭϭϬϯϯϳϲϵϲ dŽƚĂůϰ͕ϮϮϰϳ͕ϳϵϯϱϯϱϬϮϰϴϭϳϵϲ͕ϰϲϱϴ͕ϯϬϳ ΎWĞƌŵŝƚƐǀĂƌǇďǇĚĂƚĞ;^ĞƉƚĞŵďĞƌƚŚƌŽƵŐŚǇĞĂƌĞŶĚͿĨŽƌĞĂĐŚƐƵďŵĂƌŬĞƚĚƵĞƚŽĂǀĂŝůĂďůĞĚĂƚĂďǇĐŽŵŵƵŶŝƚǇ͘ ^ŽƵƌĐĞƐ͗KůŵƐƚĞĚŽƵŶƚǇ͖DƵŶŝĐŝƉĂůŝƚŝĞƐ͖dW͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϲϮ ,Kh^/E',ZdZ/^d/^ DƵůƚŝĨĂŵŝůǇĚĞǀĞůŽƉŵĞŶƚŽƵƚƐŝĚĞŽĨZŽĐŚĞƐƚĞƌŚĂƐďĞĞŶůĂƌŐĞůǇŝŶƚŚĞǇƌŽŶĂŶĚ x ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚƐ͘dŚĞǇƌŽŶ^ƵďŵĂƌŬĞƚĂŶĚ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚƐƉĞƌŵŝƚƚĞĚϮϰϵ ĂŶĚϭϳϱŵƵůƚŝĨĂŵŝůǇƵŶŝƚƐƌĞƐƉĞĐƚŝǀĞůǇƐŝŶĐĞϮϬϭϲ͘KƚŚĞƌƚŚĂŶϰϭƵŶŝƚƐŝŶƚŚĞEŽƌƚŚ ^ƵďŵĂƌŬĞƚĚƵƌŝŶŐϮϬϭϲƚŽϮϬϮϬ͕ŵƵůƚŝĨĂŵŝůǇĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞŽƚŚĞƌƐƵďŵĂƌŬĞƚƐŚĂƐďĞĞŶ ǀĞƌǇůŝŵŝƚĞĚ͘ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĞǀĞůŽƉĞŵĞŶƚ Ǉ^ƵďŵĂƌŬĞƚϮϬϭϭͲϮϬϮϰ ϯй ϭй ϲй ϰй Ϯй ϯй ϴϭй ǇƌŽŶŚĂƚĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌZŽĐŚ͘&ƌŝŶŐĞ^ƚĞǁĂƌƚǀŝůůĞ ϙ ϙ dŚĞĨŽůůŽǁŝŶŐĐŚĂƌƚƐŚŽǁƐƚŚĞƉĞƌĐĞŶƚĂŐĞŽĨƉĞƌŵŝƚƚĞĚƵŶŝƚƐĨƌŽŵϮϬϭϭƚŽϮϬϮϰĨŽƌĞĂĐŚ x ƐƵďŵĂƌŬĞƚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂďǇƉƌŽĚƵĐƚƚǇƉĞ͘/ŶĂůůďƵƚƚŚĞZŽĐŚĞƐƚĞƌ ^ƵďŵĂƌŬĞƚ͕ƐƚŚĞĐŚĂƌƚƐŚŽǁƐ͕ƐŝŶŐůĞͲĨĂŵŝůǇƉĞƌŵŝƚƐĂĐĐŽƵŶƚĞĚĨŽƌƚŚĞŵĂũŽƌŝƚǇŽĨƚŚĞ ĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘ ϙ ϙ ƵŝůĚŝŶŐWĞƌŵŝƚƐWĐƚ͘ďǇWƌŽĚƵĐƚdǇƉĞ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ^ƵďŵĂƌŬĞƚƐ ϮϬϭϭƚŽϮϬϮϰ ϲϵйϯϭй ǇƌŽŶ ϵϱйϱй ŚĂƚĨŝĞůĚ ϵϴйϮй ĂƐƚ ϵϬйϭϬй EŽƌƚŚ ϯϱйϲϱй ZŽĐŚĞƐƚĞƌ ϭϬϬй ZŽĐŚ͘&ƌŝŶŐĞ ϱϴйϰϮй ^ƚĞǁĂƌƚǀŝůůĞ ϰϰйϱϲй KůŵƐƚĞĚƚǇ͘D ϬйϭϬйϮϬйϯϬйϰϬйϱϬйϲϬйϳϬйϴϬйϵϬйϭϬϬй ^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇ Dy&/>Z^Z,ΘKE^h>d/E'ϲϯ ϲϰ Ϳ Ϯϰ ϮϬ Ͳ ϮϬ ǀĞƌĂŐĞŶŶƵĂůƵŝůĚŝŶŐWĞƌŵŝƚƐ;ϮϬ Dy&/>Z^Z,ΘKE^h>d/E' ,Kh^/E',ZdZ/^d/^ ,Kh^/E',ZdZ/^d/^ ŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ^ƵƌǀĞǇ dŚĞŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ^ƵƌǀĞǇ;͞^͟ͿŝƐĂŶŽŶŐŽŝŶŐƐƚĂƚŝƐƚŝĐĂůƐƵƌǀĞǇĂĚŵŝŶŝƐƚĞƌĞĚďǇƚŚĞ h͘^͘ĞŶƐƵƐƵƌĞĂƵƚŚĂƚŝƐƐĞŶƚƚŽĂƉƉƌŽǆŝŵĂƚĞůǇϯŵŝůůŝŽŶĂĚĚƌĞƐƐĞƐĂŶŶƵĂůůǇ͘dŚĞƐƵƌǀĞǇ ŐĂƚŚĞƌƐĚĂƚĂƉƌĞǀŝŽƵƐůǇĐŽŶƚĂŝŶĞĚŽŶůǇŝŶƚŚĞůŽŶŐĨŽƌŵŽĨƚŚĞĚĞĐĞŶŶŝĂůĐĞŶƐƵƐ͘ƐĂƌĞƐƵůƚ͕ ƚŚĞƐƵƌǀĞǇŝƐŽŶŐŽŝŶŐĂŶĚƉƌŽǀŝĚĞƐĂƚŚĞŽƌĞƚŝĐĂůůǇŵŽƌĞ͞ƵƉͲƚŽͲĚĂƚĞ͟ƉŽƌƚƌĂŝƚŽĨĚĞŵŽŐƌĂƉŚŝĐ͕ ĞĐŽŶŽŵŝĐ͕ƐŽĐŝĂů͕ĂŶĚŚŽƵƐĞŚŽůĚĐŚĂƌĂĐƚĞƌŝƐƚŝĐƐĞǀĞƌǇǇĞĂƌ͕ŶŽƚũƵƐƚĞǀĞƌǇƚĞŶǇĞĂƌƐ͘tŚĞŶĞǀĞƌ ƉŽƐƐŝďůĞ͕DĂǆĨŝĞůĚZĞƐĞĂƌĐŚƵƐĞĚƚŚĞĨŝǀĞͲǇĞĂƌĞƐƚŝŵĂƚĞƐĂƐŝƚƉƌŽǀŝĚĞƐƚŚĞůĂƌŐĞƐƚƐĂŵƉůĞƐŝǌĞ ĂŶĚŚĂƐĂůŽŶŐĞƌƉĞƌŝŽĚŽĨĚĂƚĂĐŽůůĞĐƚŝŽŶ͘/ƚƐŚŽƵůĚďĞŶŽƚĞĚƚŚĂƚĂůů^ƐƵƌǀĞǇƐĂƌĞĞƐƚŝŵĂƚĞƐ ĂŶĚƐƵďũĞĐƚƚŽƐĂŵƉůŝŶŐĞƌƌŽƌĂŶĚƵŶĐĞƌƚĂŝŶƚǇ͘dŚĞ^ƌĞƉŽƌƚƐŵĂƌŐŝŶƐŽĨĞƌƌŽƌƐ;DKƐͿǁŝƚŚ ĞƐƚŝŵĂƚĞƐĨŽƌŵŽƐƚƐƚĂŶĚĂƌĚĐĞŶƐƵƐŐĞŽŐƌĂƉŚŝĞƐ͘dŚĞDKŝƐƐŚŽǁŶďǇƌĞůŝĂďŝůŝƚǇĨƌŽŵůŽǁ͕ ŵĞĚŝƵŵƚŽŚŝŐŚ͘ƵĞƚŽƚŚĞDK͕ϮϬϮϯ^ĚĂƚĂŵĂǇŚĂǀĞŝŶĐŽŶƐŝƐƚĞŶĐŝĞƐǁŝƚŚƉƌĞǀŝŽƵƐϮϬϮϬ ĞŶƐƵƐĚĂƚĂ͘ dĂďůĞƐ,ͲϯƚŚƌŽƵŐŚ,ͲƐŚŽǁŬĞǇĚĂƚĂĨƌŽŵƚŚĞŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ^ƵƌǀĞǇĨŽƌƚŚĞKůŵƐƚĞĚ ŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘&ŽƌĂĐŽŵƉĂƌŝƐŽŶ͕ŝŶĨŽƌŵĂƚŝŽŶĨŽƌƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝƐ ďƌŽŬĞŶĚŽǁŶďǇƐƵďŵĂƌŬĞƚ͘WůĞĂƐĞŶŽƚĞƚŚĂƚ^ĚĂƚĂŝƐŶŽƚĂǀĂŝůĂďůĞĂƚƚŚĞĞŶƐƵƐůŽĐŬ ůĞǀĞůĂŶĚƚŚƵƐǁĞĐĂŶŶŽƚƉƌŽǀŝĚĞĨŝŐƵƌĞƐĨŽƌƚŚĞDƌĞĂ͘ ŐĞŽĨ,ŽƵƐŝŶŐ^ƚŽĐŬ dŚĞĨŽůůŽǁŝŶŐƚĂďůĞƐŚŽǁƐƚŚĞĂŐĞĚŝƐƚƌŝďƵƚŝŽŶŽĨƚŚĞŚŽƵƐŝŶŐƐƚŽĐŬŝŶϮϬϮϰďĂƐĞĚŽŶĚĂƚĂĨƌŽŵ ƚŚĞh͘^͘ĞŶƐƵƐƵƌĞĂƵŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ^ƵƌǀĞǇ;ϱͲ zĞĂƌ͕ϮϬϮϯͿĂŶĚĂĚũƵƐƚĞĚďǇDĂǆĨŝĞůĚƚŽ ƌĞĨůĞĐƚĐƵƌƌĞŶƚǇĞĂƌĞƐƚŝŵĂƚĞƐ͘dĂďůĞ,Ͳϯ;ůŽĐĂƚĞĚŝŶƚŚĞĂƉƉĞŶĚŝǆͿŝŶĐůƵĚĞƐƚŚĞŶƵŵďĞƌŽĨ ŚŽƵƐŝŶŐƵŶŝƚƐďƵŝůƚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͕ƉƌŝŽƌƚŽϭϵϰϬĂŶĚĚƵƌŝŶŐĞĂĐŚĚĞĐĂĚĞ ƐŝŶĐĞ͘/ƚŝƐŝŵƉŽƌƚĂŶƚƚŽŶŽƚĞƚŚĂƚƚŚĞŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ^ƵƌǀĞǇŝƐĂŶĞƐƚŝŵĂƚĞ͘ dŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝƐĞƐƚŝŵĂƚĞĚƚŽŚĂǀĞϳϮ͕ϲϳϰŽĐĐƵƉŝĞĚŚŽƵƐŝŶŐƵŶŝƚƐŝŶ x ϮϬϮϱ͕ŽĨǁŚŝĐŚϲϵйǁĞƌĞŽǁŶĞƌͲŽĐĐƵƉŝĞĚĂŶĚϯϭйǁĞƌĞƌĞŶƚĞƌͲŽĐĐƵƉŝĞĚ͘EĞĂƌůǇŚĂůĨ ;ϰϲйͿŽĨƚŚĞĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽƵŶƚǇŝƐĞƐƚŝŵĂƚĞĚƚŽŚĂǀĞŽĐĐƵƌƌĞĚĨƌŽŵϭϵϵϬƚŽ WƌĞƐĞŶƚǁŝƚŚϮϬйŽĨƚŚĞƐŝŶŐůĞͲĨĂŵŝůǇŚŽƵƐŝŶŐďĞŝŶŐďƵŝůƚŝŶƚŚĞϮϬϬϬƐĂŶĚϮϭйŽĨƌĞŶƚĂů ďĞŝŶŐďƵŝůƚĨƌŽŵϮϬϭϬƚŽƉƌĞƐĞŶƚ͘ dŚĞZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚŝƐĞƐƚŝŵĂƚĞĚƚŽŚĂǀĞƚŚĞŚŝŐŚĞƐƚƐŚĂƌĞŽĨŽǁŶĞƌͲŽĐĐƵƉŝĞĚ x ŚŽƵƐŝŶŐ;ϵϱйͿ͕ǁŚŝůĞƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚŚĂƐƚŚĞŚŝŐŚĞƐƚƐŚĂƌĞŽĨƌĞŶƚĞƌͲŽĐĐƵƉŝĞĚ ŚŽƵƐŝŶŐ;ϯϱйͿŝŶϮϬϮϰ͘ dŚĞǇƌŽŶĂŶĚEŽƌƚŚ^ƵďŵĂƌŬĞƚƐĂƌĞĞƐƚŝŵĂƚĞĚƚŽŚĂǀĞŶĞǁĞƐƚŚŽƵƐŝŶŐƐƚŽĐŬŝŶƚŚĞ x ĐŽƵŶƚǇǁŝƚŚƌŽƵŐŚůǇϰϮйŽĨƚŚĞŝƌŽǀĞƌĂůůŚŽƵƐŝŶŐƐƚŽĐŬďĞŝŶŐďƵŝůƚŝŶƚŚĞϮϬϬϬƐŽƌŶĞǁĞƌ͕ ĨŽůůŽǁĞĚďǇƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ;ϯϯйͿ͘ƐĂǁŚŽůĞ͕ϯϯйŽĨƚŚĞKůŵƐƚĞĚŽƵŶƚǇ DĂƌŬĞƚƌĞĂ͛ƐŚŽƵƐŝŶŐƐƚŽĐŬŚĂƐďĞĞŶďƵŝůƚƐŝŶĐĞϮϬϬϬ͘ ϙ Dy&/>Z^Z,ΘKE^h>d/E'ϲϱ ,Kh^/E',ZdZ/^d/^ ŐĞŽĨ,ŽƵƐŝŶŐ^ƚŽĐŬ DĞĚŝĂŶzĞĂƌƵŝůƚ ϭϵϵϱ ϭϵϵϬ ϭϵϵϯ ϭϵϵϭ ϭϵϴϱ ϭϵϴϳ ϭϵϴϳ ϭϵϴϱ ϭϵϴϬ ϭϵϴϯ ϭϵϳϵ ϭϵϳϱ ϭϵϳϰ ϭϵϳϬ ϙ ϙ dŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚŝƐĞƐƚŝŵĂƚĞĚƚŽŚĂǀĞƚŚĞůĂƌŐĞƐƚƐŚĂƌĞŽĨŚŽƵƐŝŶŐͲďƵŝůƚƉŽƐƚ x ϮϬϬϬƐ͕ϱϭйŽĨƚŚĞƚŽƚĂůŚŽƵƐŝŶŐƵŶŝƚƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘ ,ŽƵƐŝŶŐhŶŝƚƐƵŝůƚďǇĞĐĂĚĞ ǇƌŽŶ^Ƶď͘ ϳйϰйϵйϵйϭϱйϭϯйϮϲйϭϲй ŚĂƚĨŝĞůĚ^Ƶď͘ ϮϱйϲйϴйϭϵйϱйϭϮйϭϰйϭϬй ĂƐƚ^Ƶď͘ ϮϭйϲйϲйϭϲйϭϭйϭϮйϭϵйϲй EŽƌƚŚ^Ƶď͘ ϭϬйϲйϰйϭϯйϭϬйϭϯйϯϬйϭϮй ZŽĐŚĞƐƚĞƌ^Ƶď͘ ϳйϵйϭϬйϭϮйϭϭйϭϰйϭϵйϭϰй ZŽĐŚ͘&ƌŝŶǀŐĞ^Ƶď͘ ϭϭйϯйϳйϭϱйϮϭйϭϴйϭϯйϭϬй ^ƚĞǁĂƌƚǀŝůůĞ^Ƶď͘ ϭϬйϱйϭϲйϭϰйϭϬйϭϭйϮϬйϭϬй KůŵƐƚĞĚƚǇ͘D ϵйϴйϭϬйϭϮйϭϮйϭϰйϭϵйϭϯй ϬйϮϬйϰϬйϲϬйϴϬйϭϬϬй фϭϵϰϬϭϵϰϬƐϭϵϱϬƐϭϵϲϬƐϭϵϳϬƐϭϵϴϬƐϭϵϵϬƐϮϬϬϬϮϬϭϬн ϙ dŚĞƌĞŚĂƐďĞĞŶĂƐƵƌŐĞŽĨƌĞŶƚĂůŚŽƵƐŝŶŐďƵŝůƚŝŶƚŚĞDĂƌŬĞƚƌĞĂĞƐƚŝŵĂƚĞĚƚŽďĞ x ĚĞǀĞůŽƉĞĚůĂƌŐĞůǇĨƌŽŵϮϬϬϬƚŽƉƌĞƐĞŶƚǁŝƚŚϰϴ͘ϱйŽĨƚŚĞƵŶŝƚƐ;ϭϬ͕ϯϭϭƵŶŝƚƐͿďƵŝůƚĚƵƌŝŶŐ ƚŚŝƐƉĞƌŝŽĚ͘WƌŝŽƌƚŽƚŚŝƐŐƌŽǁƚŚ͕ƚŚĞŵŽƐƚƌĞŶƚĂůƵŶŝƚƐĐŽŶƐƚƌƵĐƚĞĚŝŶƚŚĞDĂƌŬĞƚƌĞĂǁĂƐ ĚƵƌŝŶŐƚŚĞϭϵϲϬƐƚŚƌŽƵŐŚƚŚĞϭϵϵϬƐǁŝƚŚϳ͕ϮϳϯƌĞŶƚĂůƵŶŝƚƐ;ϯϲйͿ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϲϲ ,Kh^/E',ZdZ/^d/^ ZĞŶƚĞƌͲKĐĐƵƉŝĞĚhŶŝƚƐďǇŽŶƚƌĂĐƚZĞŶƚ dĂďůĞ,Ͳϰ;ŝŶƚŚĞĂƉƉĞŶĚŝǆͿƉƌĞƐĞŶƚƐŝŶĨŽƌŵĂƚŝŽŶŽŶƚŚĞĞƐƚŝŵĂƚĞĚŵŽŶƚŚůǇŚŽƵƐŝŶŐĐŽƐƚƐĨŽƌ ƌĞŶƚĞƌƐĐĂůůĞĚĐŽŶƚƌĂĐƚƌĞŶƚ;ĂůƐŽŬŶŽǁŶĂƐĂƐŬŝŶŐƌĞŶƚͿŝŶϮϬϮϱ͘ŽŶƚƌĂĐƚƌĞŶƚŝƐƚŚĞŵŽŶƚŚůǇ ƌĞŶƚĂŐƌĞĞĚƚŽƌĞŐĂƌĚůĞƐƐŽĨĂŶǇƵƚŝůŝƚŝĞƐ͕ĨƵƌŶŝƐŚŝŶŐƐ͕ĨĞĞƐŽƌƐĞƌǀŝĐĞƐƚŚĂƚŵĂǇďĞŝŶĐůƵĚĞĚ͘ dŚĞŵĞĚŝĂŶĐŽŶƚƌĂĐƚƌĞŶƚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂǁĂƐĞƐƚŝŵĂƚĞĚĂƚΨϭ͕ϭϱϬŝŶ x ϮϬϮϱ͘ĂƐĞĚŽŶĂϯϬйĂůůŽĐĂƚŝŽŶŽĨŝŶĐŽŵĞƚŽŚŽƵƐŝŶŐ͕ĂŚŽƵƐĞŚŽůĚŝŶKůŵƐƚĞĚŽƵŶƚǇ ǁŽƵůĚŶĞĞĚĂŶĂŶŶƵĂůŝŶĐŽŵĞŽĨΨϰϲ͕ϬϬϬ;ŽƌΨϯ͕ϴϯϯͬŵŽŶƚŚůǇͿƚŽĂĨĨŽƌĚĂŶĂǀĞƌĂŐĞŵŽŶƚŚůǇ ƌĞŶƚŽĨΨϭ͕ϭϱϬ͘ dŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚŝƐĞƐƚŝŵĂƚĞĚƚŽŚĂǀĞƚŚĞŚŝŐŚĞƐƚŵĞĚŝĂŶĐŽŶƚƌĂĐƚƌĞŶƚƐŝŶƚŚĞ x KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĂƚΨϭ͕ϭϵϭ͕ďƵƚůŽǁĞƌŝŶĐŽŵƉĂƌŝƐŽŶƚŽƚŚĞdǁŝŶŝƚŝĞƐDĞƚƌŽ ƌĞĂ;Ψϭ͕ϯϭϬͿ͘dŚĞĞƐƚŝŵĂƚĞĚĐŽŶƚƌĂĐƚƌĞŶƚƐŝŶƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂŝƐΨϭ͕ϭϮϴ͘ dŚĞůŽǁĞƐƚŵĞĚŝĂŶĐŽŶƚƌĂĐƚƌĞŶƚƐĂƌĞŝŶƚŚĞŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚĂƚΨϲϱϲǁŚŝĐŚŝƐϴϮй x ůŽǁĞƌƚŚĂŶŝŶƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ͘dŚĞŵƵĐŚůŽǁĞƌĐŽŶƚƌĂĐƚƌĞŶƚƐŝŶƚŚĞǇƌŽŶ͕ ŚĂƚĨŝĞůĚ͕ĂŶĚĂƐƚƐƵďŵĂƌŬĞƚůŝŬĞůǇƌĞĨůĞĐƚĂŶŽůĚĞƌĂŶĚͬŽƌůŝŵŝƚĞĚƌĞŶƚĂůŚŽƵƐŝŶŐƐƚŽĐŬŝŶ ĐŽŵƉĂƌŝƐŽŶƚŽƚŚĞEŽƌƚŚĂŶĚZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚƐǁŚŝĐŚŚĂǀĞĚĞǀĞůŽƉĞĚŶĞǁƌĞŶƚĂů ŚŽƵƐŝŶŐƌĞĐĞŶƚůǇ͘ DĞĚŝĂŶŽŶƚƌĂĐƚZĞŶƚͲϮϬϮϱ Ψϭ͕ϰϬϬ Ψϭ͕ϮϬϬ Ψϭ͕ϯϭϬ Ψϭ͕ϭϵϭ Ψϭ͕ϭϱϬ Ψϭ͕ϭϮϴ Ψϭ͕ϬϬϬ Ψϭ͕ϬϬϲ Ψϵϯϵ ΨϴϬϬ WĞƌĐĞŶƚ ΨϵϬϰ ΨϴϬϲ Ψϳϴϯ ΨϲϬϬ Ψϲϱϲ ΨϰϬϬ ΨϮϬϬ ΨϬ Dy&/>Z^Z,ΘKE^h>d/E'ϲϳ ,Kh^/E',ZdZ/^d/^ dŚĞŵĂũŽƌŝƚǇŽĨƌĞŶƚĞƌƐ;ϱϲйͿŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŚĂǀĞĞƐƚŝŵĂƚĞĚŵŽŶƚŚůǇ x ƌĞŶƚƐŽǀĞƌΨϭ͕ϬϬϬĨŽůůŽǁĞĚďǇƌĞŶƚĞƌƐƉĂǇŝŶŐďĞƚǁĞĞŶΨϳϱϬĂŶĚΨϵϵϵ;ϮϮйͿ͘KŶůǇϴйŽĨ ƌĞŶƚĞƌƐŝŶƚŚĞĐŽƵŶƚǇƉĂǇĐŽŶƚƌĂĐƚƌĞŶƚƐƵŶĚĞƌΨϱϬϬ͘ DĞĚŝĂŶŽŶƚƌĂĐƚZĞŶƚďǇZĞŶƚZĂŶŐĞ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ϯ͘ϵй ϯ͘ϱй ϰ͘Ϯй ΨϬƚŽΨϮϰϵ ΨϮϱϬͲΨϰϵϵ ϭϬ͘ϰй ΨϱϬϬͲΨϳϰϵ ΨϳϱϬͲΨϵϵϵ ϮϮ͘ϭй ϱϱ͘ϵй Ψϭ͕ϬϬϬн EŽĂƐŚZĞŶƚ /ŶƚŚĞZŽĐŚĞƐƚĞƌĂŶĚZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚƐ͕ƚŚĞŵĂũŽƌŝƚǇŽĨƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐŚĂĚ x ĐŽŶƚƌĂĐƚƌĞŶƚƐŽĨΨϭ͕ϬϬϬŽƌŵŽƌĞ͘dŚĞǇƌŽŶ͕EŽƌƚŚ͕ĂŶĚ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚƐ͕ƚŚĞ ŵĂũŽƌŝƚǇŽĨĞƐƚŝŵĂƚĞĚƌĞŶƚĨĞůůďĞƚǁĞĞŶΨϳϱϬĂŶĚΨϵϵϵ͘/ŶƚŚĞŚĂƚĨŝĞůĚĂŶĚĂƐƚ ^ƵďŵĂƌŬĞƚƐŚŽǁĞǀĞƌ͕ƚŚĞŵŽƐƚĐŽŵŵŽŶƌĞŶƚƌĂŶŐĞƐǁĞƌĞďĞƚǁĞĞŶΨϱϬϬƚŽΨϳϰϵ͘ ZĞŶƚĞƌͲKĐĐƵƉŝĞĚhŶŝƚƐďǇŽŶƚƌĂĐƚZĞŶƚͲϮϬϮϱ ϳϬ͘Ϭ ϲϬ͘Ϭ ϱϬ͘Ϭ ϰϬ͘Ϭ WĞƌĐĞŶƚ ϯϬ͘Ϭ ϮϬ͘Ϭ ϭϬ͘Ϭ Ϭ͘Ϭ ΨϬƚŽΨϮϰϵΨϮϱϬͲΨϰϵϵΨϱϬϬͲΨϳϰϵΨϳϱϬͲΨϵϵϵΨϭ͕ϬϬϬн ǇƌŽŶ^Ƶď͘ŚĂƚĨŝĞůĚ^Ƶď͘ĂƐƚ^Ƶď͘EŽƌƚŚ^Ƶď͘ZŽĐŚĞƐƚĞƌ^Ƶď͘ZŽĐŚ͘&ƌŝŶŐĞ^Ƶď͘^ƚĞǁĂƌƚǀŝůůĞ^Ƶď͘ Dy&/>Z^Z,ΘKE^h>d/E'ϲϴ ,Kh^/E',ZdZ/^d/^ KǁŶĞƌͲKĐĐƵƉŝĞĚ,ŽƵƐŝŶŐhŶŝƚƐďǇsĂůƵĞ dĂďůĞ,Ͳϱ;ŝŶƚŚĞĂƉƉĞŶĚŝǆͿƉƌĞƐĞŶƚƐĚĂƚĂŽŶĞƐƚŝŵĂƚĞĚŚŽƵƐŝŶŐǀĂůƵĞƐƐƵŵŵĂƌŝǌĞĚďǇŶŝŶĞ ƉƌŝĐĞƌĂŶŐĞƐŝŶϮϬϮϱ͘,ŽƵƐŝŶŐǀĂůƵĞƌĞĨĞƌƐƚŽƚŚĞĞƐƚŝŵĂƚĞĚƉƌŝĐĞƉŽŝŶƚƚŚĞƉƌŽƉĞƌƚǇǁŽƵůĚƐĞůů ŝĨƚŚĞƉƌŽƉĞƌƚǇǁĞƌĞĨŽƌƐĂůĞ͘&ŽƌƐŝŶŐůĞͲĨĂŵŝůǇĂŶĚƚŽǁŶŚŽŵĞƉƌŽƉĞƌƚŝĞƐ͕ǀĂůƵĞŝŶĐůƵĚĞƐƚŚĞ ůĂŶĚĂŶĚƚŚĞƐƚƌƵĐƚƵƌĞ͘&ŽƌĐŽŶĚŽŵŝŶŝƵŵƵŶŝƚƐ͕ǀĂůƵĞƌĞĨĞƌƐƚŽŽŶůǇƚŚĞƵŶŝƚ͘ dŚĞĞƐƚŝŵĂƚĞĚŵĞĚŝĂŶŚŽŵĞǀĂůƵĞŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂǁĂƐΨϯϭϲ͕ϲϭϲ͘dŚĞ x ŚŝŐŚĞƐƚĞƐƚŝŵĂƚĞĚŵĞĚŝĂŶŚŽŵĞǀĂůƵĞǁĂƐƌĞƉŽƌƚĞĚŝŶƚŚĞZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞƐƵďŵĂƌŬĞƚ ;Ψϱϰϳ͕ϱϱϲͿ͕ǁŚŝĐŚǁĂƐϰϯйŚŝŐŚĞƌƚŚĂŶƚŚĞDĂƌŬĞƚƌĞĂ͕ǁŚŝůĞƚŚĞůŽǁĞƐƚǁĂƐƌĞƉŽƌƚĞĚŝŶ ƚŚĞĂƐƚƐƵďŵĂƌŬĞƚ;ΨϮϱϰ͕ϯϲϰͿŽƌϮϲйůŽǁĞƌƚŚĂŶƚŚĞDĂƌŬĞƚƌĞĂŝŶϮϬϮϱ͘ DĞĚŝĂŶ,ŽŵĞsĂůƵĞƐͲϮϬϮϱ ΨϲϬϬ͕ϬϬϬ ΨϱϬϬ͕ϬϬϬ Ψϱϰϳ͕ϱϱϲ ΨϰϬϬ͕ϬϬϬ WĞƌĐĞŶƚΨϯϵϬ͕ϴϴϳ ΨϯϲϮ͕ϭϳϳ ΨϯϱϮ͕ϲϴϰ ΨϯϬϬ͕ϬϬϬ Ψϯϭϲ͕ϲϭϲ ΨϯϬϴ͕ϰϵϳ ΨϯϬϱ͕ϱϬϬ ΨϮϴϳ͕ϱϬϬ ΨϮϲϭ͕ϳϰϮ ΨϮϱϰ͕ϯϲϰ ΨϮϬϬ͕ϬϬϬ ΨϭϬϬ͕ϬϬϬ ΨϬ DĞĚŝĂŶ,ŽŵĞsĂůƵĞďǇWƌŝĐĞZĂŶŐĞ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ фΨϮϬϬŬ ϭϴ͘ϰй ϮϬ͘Ϯй ΨϮϬϬŬͲΨϮϵϵŬ ΨϯϬϬŬͲΨϯϵϵŬ ϭϮ͘ϵй ΨϰϬϬŬͲΨϰϵϵŬ Ϯϵ͘ϴй ϭϴ͘ϳй ΨϱϬϬŬн Dy&/>Z^Z,ΘKE^h>d/E'ϲϵ ,Kh^/E',ZdZ/^d/^ /ŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͕ĂŶĞƐƚŝŵĂƚĞĚϱϬйŽĨŚŽŵĞƐǁĞƌĞǀĂůƵĞĚŽǀĞƌŽƌĂďŽǀĞ x ΨϯϬϬ͕ϬϬϬ͘ŵŽŶŐƚŚĞŶŝŶĞŚŽƵƐŝŶŐǀĂůƵĞĐĂƚĞŐŽƌŝĞƐ͕ƚŚĞŚŝŐŚĞƐƚĞƐƚŝŵĂƚĞĚƉƌŽƉŽƌƚŝŽŶŽĨ ŚŽŵĞƐƚŚĞDĂƌŬĞƚƌĞĂǁĂƐǀĂůƵĞĚŝŶƚŚĞΨϯϬϬ͕ϬϬϬƚŽΨϯϵϵ͕ϵϵϵ;ϭϵйŽĨĂůůŚŽƵƐŝŶŐƵŶŝƚƐͿ͘ :ƵƐƚϮϬйŽĨŚŽŵĞƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĂƌĞǀĂůƵĞĚďĞůŽǁΨϮϬϬ͕ϬϬϬ x ĐŽŵƉĂƌĞĚƚŽϭϴйŽǀĞƌΨϱϬϬ͕ϬϬϬ͘ ĂƐĞĚŽŶƚŚĞĚĂƚĂĐĂƚĞŐŽƌŝĞƐŽŶdĂďůĞͲͲŝŶƚŚĞƉƉĞŶĚŝǆ͕ƚŚĞĞƐƚŝŵĂƚĞĚŚŝŐŚĞƐƚŚŽŵĞǀĂůƵĞ x ƌĂƚŝŽǀĂƌŝĞƐďǇƐƵďŵĂƌŬĞƚ͘dŚĞĨŽůůŽǁŝŶŐŝƐƚŚĞďƌĞĂŬŽƵƚƐďǇǀĂůƵĞďǇƐƵďŵĂƌŬĞƚƐďǇǀĂůƵĞ͘ KtEZͲKhW/hE/d^zs>h K>D^dKhEdzDZ<dZ ϮϬϮϱ ^ƵďŵĂƌŬĞƚ ǇƌŽŶŚĂƚĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌZŽĐŚ͘&ƌŝŶŐĞ^ƚĞǁĂƌƚǀŝůůĞ hŶĚĞƌΨϮϬϬ<ϭϭй ϯϴй ϯϬйϭϲйϮϬйϭϮйϮϱй ΨϮϬϬͲΨϯϬϬ<Ϯϲй Ϯϳй ϯϯй ϭϰй ϯϰй ϭϭй ϯϬй ΨϯϬϬͲΨϰϬϬ<Ϯϲй ϭϱйϭϵйϮϭйϭϵйϭϭйϭϱй ΨϰϬϬͲΨϱϬϬ<ϭϱйϴйϴйϭϱйϭϮйϮϬйϭϯй ΨϱϬϬ<нϮϮйϭϮйϭϭй ϯϰй ϭϰй ϰϲй ϭϲй dŚĞEŽƌƚŚǁĞƐƚƐƵďŵĂƌŬĞƚŝƐĞƐƚŝŵĂƚĞĚƚŽŚĂǀĞƚŚĞŚŝŐŚĞƐƚƐŚĂƌĞŽĨŚŽŵĞƐǀĂůƵĞĚĨƌŽŵ x ΨϭϬϬ͕ϬϬϬƚŽΨϭϰϵ͕ϵϵϵ;ϵйͿĂŶĚΨϭϱϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵ;ϭϱйͿŝŶKůŵƐƚĞĚŽƵŶƚǇ͘ KǁŶĞƌͲKĐĐƵƉŝĞĚhŶŝƚƐďǇsĂůƵĞͲϮϬϮϱ ϱϬ ϰϱ ϰϬ ϯϱ ϯϬ Ϯϱ WĞƌĐĞŶƚ ϮϬ ϭϱ ϭϬ ϱ Ϭ фΨϱϬ<ΨϱϬ<ͲΨϭϬϬ<ͲΨϭϱϬ<ͲΨϮϬϬ<ͲΨϮϱϬ<ͲΨϯϬϬ<ͲΨϰϬϬ<ͲхΨϱϬϬ< Ψϵϵ͘ϵ<Ψϭϰϵ͘ϵ<Ψϭϵϵ͘ϵ<ΨϮϰϵ͘ϵ<ΨϮϵϵ͘ϵ<Ψϯϵϵ͘ϵ<Ψϰϵϵ͘ϵ< ǇƌŽŶ^Ƶď͘ŚĂƚĨŝĞůĚ^Ƶď͘ĂƐƚ^Ƶď͘EŽƌƚŚ^Ƶď͘ ZŽĐŚĞƐƚĞƌ^Ƶď͘ZŽĐŚ͘&ƌŝŶŐĞ^Ƶď͘^ƚĞǁĂƌƚǀŝůůĞ^Ƶď͘DƌĞĂ Dy&/>Z^Z,ΘKE^h>d/E'ϳϬ ,Kh^/E',ZdZ/^d/^ ,ŽƵƐŝŶŐhŶŝƚƐďǇ^ƚƌƵĐƚƵƌĞĂŶĚdĞŶƵƌĞ dĂďůĞ,Ͳϲ;ŝŶƚŚĞĂƉƉĞŶĚŝǆͿƐŚŽǁƐƚŚĞĞƐƚŝŵĂƚĞĚŚŽƵƐŝŶŐƐƚŽĐŬŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚ ƌĞĂďǇƚǇƉĞŽĨƐƚƌƵĐƚƵƌĞĂŶĚƚĞŶƵƌĞĂƐŽĨϮϬϮϱ͘ x dŚĞĚŽŵŝŶĂŶƚŚŽƵƐŝŶŐƚǇƉĞŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝƐƚŚĞƐŝŶŐůĞͲĨĂŵŝůǇ ĚĞƚĂĐŚĞĚŚŽŵĞ͕ƌĞƉƌĞƐĞŶƚŝŶŐĂŶĞƐƚŝŵĂƚĞĚϲϮйŽĨĂůůŚŽƵƐŝŶŐƵŶŝƚƐ͘tŝƚŚŝŶƚŚĞŽǁŶĞƌͲ ŽĐĐƵƉŝĞĚƵŶŝƚƐƐŝŶŐůĞͲĨĂŵŝůǇĚĞƚĂĐŚĞĚĂĐĐŽƵŶƚƐĨŽƌϴϲйĂŶĚϭϲйŽĨƌĞŶƚĞƌͲŽĐĐƵƉŝĞĚŽŶĞͲ ƵŶŝƚŚŽƵƐŝŶŐĂƐŽĨϮϬϮϱ͘ x ďŽƵƚϮϲйŽĨƚŚĞƌĞŶƚĞƌͲŽĐĐƵƉŝĞĚŚŽƵƐŝŶŐƵŶŝƚƐŝŶDĂƌŬĞƚƌĞĂĂƌĞƐŝŶŐůĞͲĨĂŵŝůǇĚĞƚĂĐŚĞĚ ŽƌĂƚƚĂĐŚĞĚŚŽŵĞƐ;ƚŽǁŶŚŽŵĞƐͿ͕ǁŚŝůĞϰϳйĂƌĞǁŝƚŚŝŶƐƚƌƵĐƚƵƌĞƐƚŚĂƚŚĂǀĞϭϬŽƌŵŽƌĞ ƵŶŝƚƐ͘ KǁŶĞƌ,ŽƵƐŝŶŐhŶŝƚƐďǇ^ƚƌƵĐƚƵƌĞdǇƉĞ ZĞŶƚĂů,ŽƵƐŝŶŐhŶŝƚƐďǇ^ƚƌƵĐƚƵƌĞdǇƉĞ ϯ͘ϭй ϭй Ϯ͘ϱй Ϭ͘ϲй ϭ͕ĚĞƚĂĐŚĞĚ ϳ͘ϱй ϭƵŶŝƚ Ϯϲй Ϯϲй ϮͲϰƵŶŝƚƐ ϭ͕ĂƚƚĂĐŚĞĚ ϱͲϵƵŶŝƚƐ Ϯ ϭϬͲϰϵ ƵŶŝƚƐ ϯŽƌŵŽƌĞ ϱϬнƵŶŝƚƐ ϭϵй Ϯϭй DŽďŝůĞ ŽƚŚĞƌ ŚŽŵĞ ϴϲ͘Ϯй ϴй x dŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚŚĂƐƚŚĞŚŝŐŚĞƐƚƌĂƚŝŽŽĨƌĞŶƚĞƌŽĐĐƵƉŝĞĚŚŽƵƐŝŶŐƵŶŝƚƐĂƚϰϮй ǁŚŝůĞƚŚĞƌĞŵĂŝŶĚĞƌŽĨƚŚĞƐƵďŵĂƌŬĞƚƐŚĂǀĞϮϬйŽƌůĞƐƐǁŝƚŚƚŚĞZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ ^ƵďŵĂƌŬĞƚďĞŝŶŐƚŚĞůŽǁĞƐƚ͕ĐŽŶƐŝƐƚŝŶŐŽĨŽŶůǇϱй͘ KǁŶĞƌǀƐZĞŶƚĞƌŽŵƉĂƌŝƐŽŶͲϮϬϮϱ ϭϬϬй ϵϱй ϴϬй ϴϱй ϴϱй ϴϯй ϴϭй ϴϬй ϲϬй ϲϱй ϱϴй ϰϬй ϰϮй ϯϱй ϮϬй ϭϱй ϮϬйϭϱй ϱй ϭϳйϭϵй Ϭй WĐƚ͘KǁŶĞƌWĐƚ͘ZĞŶƚĞƌ Dy&/>Z^Z,ΘKE^h>d/E'ϳϭ ,Kh^/E',ZdZ/^d/^ ^&ƚƚĂĐŚĞĚΘĞƚĂĐŚĞĚZĞŶƚĂů^ƚŽĐŬ ϲϬй ϱϮй ϱϬй ϯϲй ϰϬй ϯϱй ϯϯй ϯϮй Ϯϴй ϯϬй Ϯϲй Ϯϰй ϮϬй ϭϬй Ϭй ǇƌŽŶ^Ƶď͘ŚĂƚĨŝĞůĚĂƐƚ^Ƶď͘EŽƌƚŚ^Ƶď͘ZŽĐŚĞƐƚĞƌZŽĐŚ͘^ƚĞǁĂƌƚǀŝůůĞKůŵƐƚĞĚ ^Ƶď͘^Ƶď͘&ƌŝŶŐĞ^Ƶď͘^Ƶď͘ƚǇ͘D tŝƚŚϴϵйŽĨƚŚĞDĂƌŬĞƚƌĞĂƌĞŶƚĂůƵŶŝƚƐůŽĐĂƚĞĚŝŶZŽĐŚĞƐƚĞƌ͕ƚŚĞƐƵďŵĂƌŬĞƚŝƐŵŽƌĞ x ŚŽƵƐŝŶŐĚŝǀĞƌƐĞĐŽŵƉĂƌĞĚƚŽƚŚĞŽƚŚĞƌƐƵďŵĂƌŬĞƚƐ͘dŚĞĨŽůůŽǁŝŶŐƐŚŽǁƐƚŚĞĞƐƚŝŵĂƚĞĚ ƉĞƌĐĞŶƚĂŐĞŽĨŽǀĞƌĂůůƌĞŶƚĂůƵŶŝƚƐ͛ƐŝŶŐůĞͲĨĂŵŝůǇƌĞŶƚĂůƵŶŝƚƐǀƐ͘ƵŶŝƚƐϭϬŽƌŵŽƌĞ͘ ^&ZĞŶƚĂůϭϬнhŶŝƚƐ ǇƌŽŶϯϲйϯϳй ŚĂƚĨŝĞůĚϮϭйϯϱй ĂƐƚϮϵйϭϮй EŽƌƚŚϮϮйϮϵй ZŽĐŚĞƐƚĞƌϭϱйϰϵй ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞϯϮйϯϴй ^ƚĞǁĂƌƚǀŝůůĞϮϯйϯϮй ,ŝŐŚĞŶƐŝƚǇZĞŶƚĂůdǇƉĞƐͲйŽĨZĞŶƚĂů^ƚŽĐŬ ϰϬй ǇƌŽŶ ϯϴй ϯϱй ŚĂƚĨŝĞůĚ Ϯϵй ϯϬй Ϯϳй Ϯϳй ĂƐƚ Ϯϲй Ϯϱй ϮϮй EŽƌƚŚ ϮϬй ϭϳй ZŽĐŚĞƐƚĞƌ ϭϱй ϭϯй ϭϮй ϭϮй ϭϬй ZŽĐŚ͘&ƌŝŶŐĞ ϵй ϵй ϵй ϭϬй ϳй ^ƚĞǁĂƌƚǀůůĞ ϱй ϰй ϱй ϭй KůŵƐƚĞĚƚǇ͘ Ϭй D ϭϬͲϭϵƵŶŝƚƐϮϬͲϰϵƵŶŝƚƐϱϬнƵŶŝƚƐ ZĞŶƚĂůdǇƉĞ Dy&/>Z^Z,ΘKE^h>d/E'ϳϮ ,Kh^/E',ZdZ/^d/^ >ŽǁĞƌĞŶƐŝƚǇZĞŶƚĂůdǇƉĞƐͲйŽĨZĞŶƚĂů^ƚŽĐŬ ϲϬй ǇƌŽŶ ϱϬй ŚĂƚĨŝĞůĚ ϱϬй ĂƐƚ ϰϬй ϯϲй ϯϮй Ϯϵй EŽƌƚŚ ϯϬй Ϯϯй ZŽĐŚĞƐƚĞƌ ϮϮй ϮϮй Ϯϭй ϭϵй ϮϬй ϭϲй ZŽĐŚ͘&ƌŝŶŐĞ ϭϱй ϭϰй ϭϮй ϵй ϴй ϳй^ƚĞǁĂƌƚǀůůĞ ϭϬй ϰй ϯй Ϯй KůŵƐƚĞĚƚǇ͘ Ϭй D ϭƵŶŝƚŽŶůǇϭĂŶĚϮƵŶŝƚƐϭͲϰƵŶŝƚƐ ZĞŶƚĂůdǇƉĞ Dy&/>Z^Z,ΘKE^h>d/E'ϳϯ DW>KzDEddZE^ ŵƉůŽǇŵĞŶƚdƌĞŶĚƐ ^ŝŶĐĞĞŵƉůŽǇŵĞŶƚŐƌŽǁƚŚŐĞŶĞƌĂůůǇĨƵĞůƐŚŽƵƐĞŚŽůĚŐƌŽǁƚŚ͕ĞŵƉůŽǇŵĞŶƚƚƌĞŶĚƐĂƌĞĂƌĞůŝĂďůĞ ŝŶĚŝĐĂƚŽƌŽĨŚŽƵƐŝŶŐĚĞŵĂŶĚ͘dǇƉŝĐĂůůǇ͕ŚŽƵƐĞŚŽůĚƐƉƌĞĨĞƌƚŽůŝǀĞŶĞĂƌǁŽƌŬĨŽƌĐŽŶǀĞŶŝĞŶĐĞ͘ ,ŽǁĞǀĞƌ͕ŚŽƵƐŝŶŐŝƐŽĨƚĞŶůĞƐƐĞǆƉĞŶƐŝǀĞŝŶƐŵĂůůĞƌƚŽǁŶƐ͕ŵĂŬŝŶŐĐŽŵŵƵƚŝŶŐĨƌŽŵŽƵƚůǇŝŶŐ ĐŽŵŵƵŶŝƚŝĞƐƚŽǁŽƌŬŝŶůĂƌŐĞƌĞŵƉůŽǇŵĞŶƚĐĞŶƚĞƌƐĂƚƚƌĂĐƚŝǀĞĨŽƌŚŽƵƐĞŚŽůĚƐĐŽŶĐĞƌŶĞĚĂďŽƵƚ ŚŽƵƐŝŶŐĂĨĨŽƌĚĂďŝůŝƚǇ͘ ŵƉůŽǇŵĞŶƚƐƟŵĂƚĞƐĂŶĚWƌŽũĞĐƟŽŶƐ dĂďůĞͲϭƐŚŽǁƐĞŵƉůŽǇŵĞŶƚƚƌĞŶĚƐĂŶĚƉƌŽũĞĐƚŝŽŶƐĨŽƌKůŵƐƚĞĚŽƵŶƚǇĂŶĚƚŚĞ^ƚĂƚĞŽĨ DŝŶŶĞƐŽƚĂĨƌŽŵϮϬϬϬƚŽϮϬϯϮďĂƐĞĚŽŶƚŚĞŵŽƐƚƌĞĐĞŶƚĚĂƚĂĨƌŽŵƚŚĞDŝŶŶĞƐŽƚĂĞƉĂƌƚŵĞŶƚ EŽƚĞƚŚĂƚƚŚĞĞŵƉůŽǇŵĞŶƚĚĂƚĂĨŽƌϮϬϮϬ ŽĨŵƉůŽǇŵĞŶƚĂŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚ;Ϳ͘ ƌĞĨůĞĐƚƐƵŶĞŵƉůŽǇŵĞŶƚĐĂƵƐĞĚďǇƚŚĞKs/ͲϭϵƉĂŶĚĞŵŝĐ͘ dŚĞƌĞǁĂƐĂŶĞƐƟŵĂƚĞĚƚŽƚĂůŽĨϭϬϰ͕ϳϮϲũŽďƐŝŶKůŵƐƚĞĚŽƵŶƚǇŝŶYϯϮϬϮϰ͕ǁŚŝĐŚǁĂƐ x ƌŽƵŐŚůǇϰϮйŽĨƚŚĞ^ŽƵƚŚĞĂƐƚDŝŶŶĞƐŽƚĂWůĂŶŶŝŶŐƌĞĂƚŽƚĂů;Ϯϰϴ͕ϬϰϱũŽďƐͿ͘ d>Ͳϭ DW>KzDEddZE^EWZK:d/KE^ K>D^dKhEdz ϮϬϬϬͲϮϬϰϬ ŶŶƵĂů ^ŽƵƚŚĞĂƐƚDŝŶŶĞƐŽƚĂ ŵƉůŽǇŵĞŶƚ KůŵƐƚĞĚŽƵŶƚǇWůĂŶŶŝŶŐƌĞĂ ϮϬϬϬ ϴϮ͕ϲϳϯϮϮϱ͕ϯϴϳ ϮϬϭϬ ϴϳ͕ϭϵϭϮϮϱ͕ϬϵϬ ϮϬϭϱ ϵϯ͕ϴϴϲϮϯϳ͕ϲϰϮ ϮϬϮϬ ϵϲ͕ϱϱϯϮϯϯ͕ϭϮϭ YϯϮϬϮϰ ϭϬϰ͕ϳϮϲϮϰϴ͕Ϭϰϱ ϮϬϯϮϭϭϵ͕ϱϵϮϮϴϯ͕Ϯϱϱ ϮϬϰϬϭϯϱ͕ϵϯϴϯϭϯ͕ϭϬϯ ŚĂŶŐĞEŽ͘WĐƚ͘EŽ͘WĐƚ͘ ϮϬϬϬͲϮϬϭϬ ϰ͕ϱϭϴϱ͘ϱйͲϮϵϳͲϬ͘ϭй ϮϬϭϬͲϮϬϮϬ ϵ͕ϯϲϮϭϬ͘ϳйϴ͕Ϭϯϭϯ͘ϲй ϮϬϮϬͲϮϬϰϬϯϵ͕ϯϴϱϰϬ͘ϴйϳϵ͕ϵϴϮϯϰ͘ϯй ŵƉůŽǇŵĞŶƚƉƌŽũĞĐƚŝŽŶƐĨŽƌϮϬϯϮĂƌĞƐŽƵƌĐĞĚƚŽDE͕ǁŚŝůĞϮϬϰϬ ƉƌŽũĞĐƚŝŽŶƐǁĞƌĞĐĂůĐƵůĂƚĞĚďǇDĂǆĨŝĞůĚďǇƵƚŝůŝǌŝŶŐDE ĞŵƉůŽǇŵĞŶƚĨŝŐƵƌĞƐ͘ dŚĞ^ŽƵƚŚĞĂƐƚDŝŶŶĞƐŽƚĂWůĂŶŶŝŶŐƌĞĂĐŽŶƐŝƐƚƐŽĨŽĚŐĞ͕&ŝůůŵŽƌĞ͕ &ƌĞĞďŽƌŶ͕'ŽŽĚŚƵĞ͕,ŽƵƐƚŽŶ͕DŽǁĞƌ͕KůŵƐƚĞĚ͕ZŝĐĞ͕^ƚĞĞůĞ͕tĂďĂƐŚĂ͕ ΘtŝŶŽŶĂŽƵŶƚǇ͘ ^ŽƵƌĐĞƐ͗DE͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϳϰ DW>KzDEddZE^ KůŵƐƚĞĚŽƵŶƚǇ͛ƐĞŵƉůŽǇŵĞŶƚŝƐĂŶƟĐŝƉĂƚĞĚƚŽŝŶĐƌĞĂƐĞďǇϰϬ͘ϴйďĞƚǁĞĞŶϮϬϮϬĂŶĚϮϬϰϬ x ǁŚŝůĞĞŵƉůŽǇŵĞŶƚŝŶƚŚĞ^ŽƵƚŚĞĂƐƚDŝŶŶĞƐŽƚĂWůĂŶŶŝŶŐƌĞĂŝƐĨŽƌĞĐĂƐƚĞĚƚŽŝŶĐƌĞĂƐĞďǇ ϯϰ й͘:ŽďĐƌĞĂƟŽŶŝŶZŽĐŚĞƐƚĞƌǁŝůůďĞĂŵĂũŽƌĐŽŶƚƌŝďƵƚŽƌŽŶƚŚĞĂďŝůŝƚǇĨŽƌKůŵƐƚĞĚŽƵŶƚǇ ƚŽĂĐŚŝĞǀĞƚŚĞĞŵƉůŽǇŵĞŶƚƉƌŽũĞĐƟŽŶƐ͕ǁŚŝĐŚŝŶƚƵƌŶǁŝůůŵĂŬĞƚŚĞĂƌĞĂŵŽƌĞĂƉƉĞĂůŝŶŐĨŽƌ ŚŽƵƐŝŶŐ͘ ZĞƐŝĚĞŶƚ>ĂďŽƌ&ŽƌĐĞ ZĞĐĞŶƚĞŵƉůŽǇŵĞŶƚŐƌŽǁƚŚƚƌĞŶĚƐĂƌĞƐŚŽǁŶŝŶdĂďůĞƐͲϮ͕ǁŚŝĐŚƉƌĞƐĞŶƚƐƌĞƐŝĚĞŶƚ ĞŵƉůŽǇŵĞŶƚĚĂƚĂĨŽƌKůŵƐƚĞĚŽƵŶƚǇĨƌŽŵϮϬϭϱƚŚƌŽƵŐŚϮϬϮϰ͘dŚĞƐĞŶƵŵďĞƌƐǁĞƌĞĚĞƌŝǀĞĚ ĨƌŽŵƚŚĞƉƌŽƉŽƌƚŝŽŶŽĨũŽďƐŝŶKůŵƐƚĞĚŽƵŶƚǇĂƐĐŽŵƉĂƌĞĚƚŽƚŚĞ^ƚĂƚĞŽĨDŝŶŶĞƐŽƚĂ͘ ZĞƐŝĚĞŶƚĞŵƉůŽǇŵĞŶƚĚĂƚĂŝƐĐĂůĐƵůĂƚĞĚĂƐĂŶĂŶŶƵĂůĂǀĞƌĂŐĞĂŶĚƌĞǀĞĂůƐƚŚĞǁŽƌŬĨŽƌĐĞĂŶĚ ŶƵŵďĞƌŽĨĞŵƉůŽǇĞĚƉĞƌƐŽŶƐůŝǀŝŶŐŝŶƚŚĞŽƵŶƚǇ͘/ƚŝƐŝŵƉŽƌƚĂŶƚƚŽŶŽƚĞƚŚĂƚŶŽƚĂůůŽĨƚŚĞƐĞ ŝŶĚŝǀŝĚƵĂůƐŶĞĐĞƐƐĂƌŝůǇǁŽƌŬŝŶƚŚĞŽƵŶƚǇ͘ ZĞƐŝĚĞŶƚĞŵƉůŽǇŵĞŶƚŝŶKůŵƐƚĞĚŽƵŶƚǇŝŶĐƌĞĂƐĞĚďǇĂƉƉƌŽǆŝŵĂƚĞůǇϭϬϵϰϵƉĞŽƉůĞ x ďĞƚǁĞĞŶϮϬϭϱĂŶĚϮϬϮϰĂŶĚƚŚĞƵŶĞŵƉůŽǇŵĞŶƚƌĂƚĞĚĞĐƌĞĂƐĞĚĨƌŽŵϯйŝŶϮϬϭϱƚŽϮ͘ϯйŝŶ ϮϬϮϰ͘ǇĐŽŵƉĂƌŝƐŽŶ͕DŝŶŶĞƐŽƚĂ͛ƐƵŶĞŵƉůŽǇŵĞŶƚƌĂƚĞĚĞĐƌĞĂƐĞĚĨƌŽŵϯ͘ϴйŝŶϮϬϭϱƚŽ ϯ͘ϮйŝŶϮϬϮϰ͘ d>ͲϮ Z^/EdDW>KzDEd;EEh>sZ'Ϳ K>D^dKhEdz ϮϬϭϱͲϮϬϮϰ dŽƚĂůDE >ĂďŽƌdŽƚĂůdŽƚĂůhŶĞŵƉůŽǇŵĞŶƚhŶĞŵƉůŽǇŵĞŶƚ zĞĂƌ&ŽƌĐĞŵƉůŽǇĞĚhŶĞŵƉůŽǇĞĚZĂƚĞZĂƚĞ ϮϬϭϱϴϰ͕ϬϴϬϴϭ͕ϱϳϯϮ͕ϱϬϳϯ͘Ϭйϯ͘ϴй ϮϬϭϲϴϱ͕ϭϲϯϴϮ͕ϲϮϴϮ͕ϱϯϱϯ͘Ϭйϯ͘ϵй ϮϬϭϳϴϳ͕ϭϬϮϴϰ͕ϳϮϴϮ͕ϯϳϰϮ͘ϳйϯ͘ϱй ϮϬϭϴϴϳ͕ϴϰϱϴϱ͕ϳϲϰϮ͕ϬϴϭϮ͘ϰйϯ͘Ϭй ϮϬϭϵϴϵ͕ϲϮϴϴϳ͕ϮϵϲϮ͕ϯϯϮϮ͘ϲйϯ͘ϯй ϮϬϮϬϵϭ͕ϴϱϱϴϲ͕ϴϯϭϱ͕ϬϮϰϱ͘ϱйϲ͘ϯй ϮϬϮϭϵϬ͕ϵϭϯϴϴ͕ϭϮϵϮ͕ϳϴϰϯ͘ϭйϯ͘ϳй ϮϬϮϮϵϬ͕ϵϳϭϴϵ͕Ϭϳϴϭ͕ϴϵϯϮ͘ϭйϮ͘ϳй ϮϬϮϯϵϭ͕ϴϱϴϴϵ͕ϴϵϰϭ͕ϵϲϰϮ͘ϭйϮ͘ϴй ϮϬϮϰϵϱ͕ϬϮϵϵϮ͕ϴϭϱϮ͕ϮϭϰϮ͘ϯйϯ͘Ϯй ŚĂŶŐĞϮϬϭϱͲϮϬϮϰϭϬ͕ϵϰϵϭϭ͕ϮϰϮͲϮϵϯͲϬ͘ϳйͲϬ͘ϲй ^ŽƵƌĐĞƐ͗DE͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ KůŵƐƚĞĚŽƵŶƚǇ͛ƐƵŶĞŵƉůŽǇŵĞŶƚƌĂƚĞŚĂƐƐƚĂǇĞĚĨĂŝƌůǇĐŽŶƐŝƐƚĞŶƚǁŝƚŚDŝŶŶĞƐŽƚĂ͛Ɛ x ƵŶĞŵƉůŽǇŵĞŶƚƌĂƚĞ͕ďƵƚƐůŝŐŚƚůǇůŽǁĞƌŝŶĂůůǇĞĂƌƐďĞƚǁĞĞŶϮϬϭϱĂŶĚϮϬϮϰ͘dŚĞĂǀĞƌĂŐĞ ǇĞĂƌůǇĚŝĨĨĞƌĞŶƚŝĂůŝŶƵŶĞŵƉůŽǇŵĞŶƚƌĂƚĞďĞƚǁĞĞŶKůŵƐƚĞĚŽƵŶƚǇĂŶĚDŝŶŶĞƐŽƚĂǁĂƐ Ϭ͘ϳйďĞƚǁĞĞŶϮϬϭϱĂŶĚϮϬϮϰ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϳϱ DW>KzDEddZE^ ŽǀŝĚͲϭϵĐĂƵƐĞĚǁŝĚĞƐƉƌĞĂĚƵŶĞŵƉůŽǇŵĞŶƚŝŶϮϬϮϬĂŶĚĞĂƌůǇϮϬϮϭ͘ůƚŚŽƵŐŚƚŚĞ x ƵŶĞŵƉůŽǇŵĞŶƚƌĂƚĞŝŶKůŵƐƚĞĚŽƵŶƚǇƉĞĂŬĞĚĂƚϱ͘ϱйŝŶϮϬϮϬ͕ŵŽƌĞƌĞĐĞŶƚůǇŝƚŚĂƐĨĂůůĞŶ ƚŽϮ͘ϯйĂƐŽĨϮϬϮϰ͘ hŶĞŵƉůŽǇŵĞŶƚZĂƚĞ ϳ͘Ϭй ϲ͘ϯй ϲ͘Ϭй ϱ͘Ϭй ϱ͘ϱй ϯ͘ϵй ϯ͘ϴй ϯ͘ϳй ϯ͘ϱй ϰ͘Ϭй ϯ͘ϯй ϯ͘Ϯй ϯ͘Ϭй Ϯ͘ϴй Ϯ͘ϳй ϯ͘Ϭй ϯ͘ϭй ϯ͘Ϭйϯ͘Ϭй Ϯ͘ϳй Ϯ͘ϲй Ϯ͘Ϭй Ϯ͘ϰй Ϯ͘ϯй Ϯ͘ϭй Ϯ͘ϭй ϭ͘Ϭй Ϭ͘Ϭй ϮϬϭϱϮϬϭϲϮϬϭϳϮϬϭϴϮϬϭϵϮϬϮϬϮϬϮϭϮϬϮϮϮϬϮϯϮϬϮϰ KůŵƐƚĞĚŽƵŶƚǇDŝŶŶĞƐŽƚĂ ^ŽƵƌĐĞ͗DE͖DĂǆĨŝĞůĚ >ĂďŽƌ&ŽƌĐĞǀƐŵƉůŽǇŵĞŶƚdƌĞŶĚƐ KůŵƐƚĞĚŽƵŶƚǇ ϭϬϬ͕ϬϬϬ ϵϱ͕ϬϮϵ ϵϱ͕ϬϬϬ ϵϭ͕ϴϱϱϵϭ͕ϴϱϴ ϵϬ͕ϵϳϭ ϵϬ͕ϵϭϯ ϴϵ͕ϲϮϴ ϵϮ͕ϴϭϱ ϵϬ͕ϬϬϬ ϴϳ͕ϴϰϱ ϴϳ͕ϭϬϮ ϴϵ͕ϴϵϰ ϴϱ͕ϭϲϯ ϴϵ͕Ϭϳϴ ϴϰ͕ϬϴϬ ϴϴ͕ϭϮϵ ϴϱ͕ϬϬϬϴϳ͕Ϯϵϲ ϴϲ͕ϴϯϭ ϴϱ͕ϳϲϰ ϴϰ͕ϳϮϴ ϴϮ͕ϲϮϴ ϴϬ͕ϬϬϬ ϴϭ͕ϱϳϯ ϳϱ͕ϬϬϬ ϳϬ͕ϬϬϬ ϮϬϭϱϮϬϭϲϮϬϭϳϮϬϭϴϮϬϭϵϮϬϮϬϮϬϮϭϮϬϮϮϮϬϮϯϮϬϮϰ >ĂďŽƌ&ŽƌĐĞŵƉůŽǇŵĞŶƚ ^ŽƵƌĐĞ͗DE͖DĂǆĨŝĞůĚ Dy&/>Z^Z,ΘKE^h>d/E'ϳϲ DW>KzDEddZE^ ŽǀĞƌĞĚŵƉůŽǇŵĞŶƚĂŶĚtĂŐĞƐďǇ/ŶĚƵƐƚƌǇ dĂďůĞͲϯƉƌĞƐĞŶƚƐĐŽǀĞƌĞĚĞŵƉůŽǇŵĞŶƚŶƵŵďĞƌƐĂƐǁĞůůĂƐǁĂŐĞĚĂƚĂŝŶKůŵƐƚĞĚŽƵŶƚǇĨƌŽŵ ϮϬϮϯƚŚƌŽƵŐŚƚŚĞƚŚŝƌĚƋƵĂƌƚĞƌϮϬϮϰ͘ŽǀĞƌĞĚĞŵƉůŽǇŵĞŶƚĚĂƚĂŝƐĐĂůĐƵůĂƚĞĚĂƐĂŶĂŶŶƵĂů ĂǀĞƌĂŐĞĂŶĚƌĞǀĞĂůƐƚŚĞŶƵŵďĞƌŽĨũŽďƐŝŶƚŚĞĚĞƐŝŐŶĂƚĞĚĂƌĞĂ͕ǁŚŝĐŚĂƌĞĐŽǀĞƌĞĚďǇ 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ďǇΨϮϲϮ;ϭϯ͘ϯйͿďĞƚǁĞĞŶϮϬϮϯƚŽYϯϮϬϮϰ͘dŚĞ/ŶĨŽƌŵĂƟŽŶƐĞĐƚŽƌƐĂǁƚŚĞƐĞĐŽŶĚůĂƌŐĞƐƚ ŐƌŽǁƚŚ͕ŝŶĐƌĞĂƐŝŶŐďǇΨϮϯϮ;ϭϴ͘ϵйͿ͘ ŵƉůŽǇŵĞŶƚ͗йŽĨdŽƚĂů;YϯϮϬϮϰͿ EĂƚƵƌĂůZĞƐŽƵƌĐĞƐΘDŝŶŝŶŐ KůŵƐƚĞĚŽƵŶƚǇ ŽŶƐƚƌƵĐƚŝŽŶ DŝŶŶĞƐŽƚĂ DĂŶƵĨĂĐƚƵƌŝŶŐ dƌĂĚĞ͕dƌĂŶƐƉŽƌƚĂƚŝŽŶΘhƚŝůŝƚŝĞƐ /ŶĨŽƌŵĂƚŝŽŶ &ŝŶĂŶĐŝĂůĐƚŝǀŝƚŝĞƐ WƌŽĨĞƐƐŝŽŶĂůΘƵƐŝŶĞƐƐ^ĞƌǀŝĐĞƐ ĚƵĐĂƚŝŽŶΘ,ĞĂůƚŚ^ĞƌǀŝĐĞƐ >ĞŝƐƵƌĞΘ,ŽƐƉŝƚĂůŝƚǇ KƚŚĞƌ^ĞƌǀŝĐĞƐ WƵďůŝĐĚŵŝŶŝƐƚƌĂƚŝŽŶ Ϭ͘ϬйϭϬ͘ϬйϮϬ͘ϬйϯϬ͘ϬйϰϬ͘ϬйϱϬ͘ϬйϲϬ͘Ϭй ^ŽƵƌĐĞƐ͗DE͖DĂǆĨŝĞůĚ Dy&/>Z^Z,ΘKE^h>d/E'ϳϳ DW>KzDEddZE^ ƚΨϭ͕ϰϱϭ͕ƚŚĞĂǀĞƌĂŐĞǁĞĞŬůǇǁĂŐĞŝŶKůŵƐƚĞĚŽƵŶƚǇŝƐϰ͘ϰйŚŝŐŚĞƌƚŚĂŶŝŶDŝŶŶĞƐŽƚĂ x ;Ψϭ͕ϯϴϴͿ͘ĐƌŽƐƐĂůůŝŶĚƵƐƚƌŝĞƐ͕ǁĂŐĞƐǁĞƌĞŚŝŐŚĞƌŝŶƚŚƌĞĞƐĞĐƚŽƌƐŝŶKůŵƐƚĞĚŽƵŶƚǇ ĐŽŵƉĂƌĞĚƚŽDŝŶŶĞƐŽƚĂ͕ŵŽƐƚŶŽƚĂďůǇŝŶƚŚĞDĂŶƵĨĂĐƚƵƌŝŶŐƐĞĐƚŽƌ;ΨϲϯϮŚŝŐŚĞƌͿ͘ d>Ͳϯ YhZdZ>zE^h^K&DW>KzDEdEt'^ K>D^dKhEdz ϮϬϮϯΘYϯϮϬϮϰ ϮϬϮϯYϯϮϬϮϰŚĂŶŐĞϮϬϮϯͲYϯϮϬϮϰ ŵƉůŽǇŵĞŶƚtĂŐĞ ƐƚĂďůŝƐŚͲŵƉůŽǇͲtĞĞŬůǇƐƚĂďůŝƐŚͲŵƉůŽǇͲtĞĞŬůǇ /ŶĚƵƐƚƌǇ ηйηй ŵĞŶƚƐŵĞŶƚtĂŐĞŵĞŶƚƐŵĞŶƚtĂŐĞ KůŵƐƚĞĚŽƵŶƚǇ dŽƚĂů͕ůů/ŶĚƵƐƚƌŝĞƐϰ͕ϬϰϱϭϬϮ͕ϭϱϮΨϭ͕ϰϱϲϰ͕ϬϲϮϭϬϰ͕ϳϮϲΨϭ͕ϰϱϭϮ͕ϱϳϰϮ͘ϱй;ΨϱͿͲϬ͘ϯй EĂƚƵƌĂůZĞƐŽƵƌĐĞƐΘDŝŶŝŶŐϰϵϯϮϮΨϵϮϬϰϵϮϴϳΨϵϵϵͲϯϱͲϭϬ͘ϵйΨϳϵϴ͘ϲй ŽŶƐƚƌƵĐƚŝŽŶϰϭϰϰ͕ϯϲϯΨϭ͕ϰϱϰϰϬϲϰ͕ϳϮϱΨϭ͕ϱϮϵϯϲϮϴ͘ϯйΨϳϱϱ͘Ϯй DĂŶƵĨĂĐƚƵƌŝŶŐϭϬϮϱ͕ϴϰϬΨϭ͕ϵϳϲϭϬϰϱ͕ϰϵϳΨϮ͕ϮϯϴͲϯϰϯͲϱ͘ϵйΨϮϲϮϭϯ͘ϯй dƌĂĚĞ͕dƌĂŶƐƉŽƌƚĂƚŝŽŶΘhƚŝůŝƚŝĞƐϳϮϳϭϯ͕ϰϰϮΨϴϯϯϳϮϴϭϯ͕ϳϴϯΨϴϱϮϯϰϭϮ͘ϱйΨϭϵϮ͘ϯй /ŶĨŽƌŵĂƚŝŽŶϲϴϵϲϱΨϭ͕ϮϮϳϲϳϴϮϰΨϭ͕ϰϱϵͲϭϰϭͲϭϰ͘ϲйΨϮϯϮϭϴ͘ϵй &ŝŶĂŶĐŝĂůĐƚŝǀŝƚŝĞƐϯϴϭϮ͕ϬϲϭΨϭ͕ϱϬϭϯϵϬϮ͕ϬϴϮΨϭ͕ϱϬϰϮϭϭ͘ϬйΨϯϬ͘Ϯй WƌŽĨĞƐƐŝŽŶĂůΘƵƐŝŶĞƐƐ^ĞƌǀŝĐĞƐϱϯϲϲ͕ϮϱϯΨϭ͕ϰϰϰϱϯϲϲ͕ϮϴϵΨϭ͕ϰϯϴϯϲϬ͘ϲй;ΨϲͿͲϬ͘ϰй ĚƵĐĂƚŝŽŶΘ,ĞĂůƚŚ^ĞƌǀŝĐĞƐϳϭϵϱϯ͕ϱϮϵΨϭ͕ϳϱϰϳϮϬϱϱ͕ϭϱϳΨϭ͕ϲϵϵϭ͕ϲϮϴϯ͘Ϭй;ΨϱϱͿͲϯ͘ϭй >ĞŝƐƵƌĞΘ,ŽƐƉŝƚĂůŝƚǇϰϱϲϴ͕ϰϰϴΨϱϭϬϰϲϲϵ͕ϴϳϰΨϱϮϱϭ͕ϰϮϲϭϲ͘ϵйΨϭϱϮ͘ϵй KƚŚĞƌ^ĞƌǀŝĐĞƐϱϯϴϮ͕ϱϲϬΨϳϳϲϱϯϴϮ͕ϱϰϮΨϴϮϰͲϭϴͲϬ͘ϳйΨϰϴϲ͘Ϯй WƵďůŝĐĚŵŝŶŝƐƚƌĂƚŝŽŶϱϳϯ͕ϯϲϲΨϭ͕ϱϴϳϱϴϯ͕ϲϲϯΨϭ͕ϲϲϭϮϵϳϴ͘ϴйΨϳϰϰ͘ϳй DŝŶŶĞƐŽƚĂ dŽƚĂů͕ůů/ŶĚƵƐƚƌŝĞƐϮϬϳ͕ϵϵϮϮ͕ϵϬϳ͕ϯϲϬΨϭ͕ϯϳϱϮϭϰ͕ϰϴϮϮ͕ϵϰϮ͕ϭϳϭΨϭ͕ϯϴϴϯϰ͕ϴϭϭϭ͘ϮйΨϭϯϬ͘ϵй EĂƚƵƌĂůZĞƐŽƵƌĐĞƐΘDŝŶŝŶŐϯ͕ϱϬϰϮϵ͕ϭϭϱΨϭ͕ϭϴϱϯ͕ϱϱϯϯϬ͕ϴϱϵΨϭ͕ϭϲϯϭ͕ϳϰϰϲ͘Ϭй;ΨϮϮͿͲϭ͘ϵй ŽŶƐƚƌƵĐƚŝŽŶϭϴ͕ϯϱϳϭϰϯ͕ϭϵϯΨϭ͕ϲϬϳϭϴ͕ϳϳϴϭϱϴ͕ϬϵϬΨϭ͕ϲϱϴϭϰ͕ϴϵϳϭϬ͘ϰйΨϱϭϯ͘Ϯй DĂŶƵĨĂĐƚƵƌŝŶŐϴ͕ϲϯϯϯϮϱ͕ϵϵϯΨϭ͕ϱϭϴϴ͕ϲϭϬϯϮϮ͕ϱϲϵΨϭ͕ϲϬϲͲϯ͕ϰϮϰͲϭ͘ϭйΨϴϴϱ͘ϴй dƌĂĚĞ͕dƌĂŶƐƉŽƌƚĂƚŝŽŶΘhƚŝůŝƚŝĞƐϰϬ͕Ϭϳϵϱϰϲ͕ϴϴϭΨϭ͕ϮϬϰϰϭ͕Ϭϭϵϱϰϴ͕ϮϭϬΨϭ͕Ϯϭϰϭ͕ϯϮϵϬ͘ϮйΨϭϬϬ͘ϴй /ŶĨŽƌŵĂƚŝŽŶϲ͕ϵϲϯϰϴ͕ϯϯϮΨϮ͕Ϭϱϰϳ͕ϰϲϰϰϲ͕ϰϴϬΨϮ͕ϬϯϵͲϭ͕ϴϱϮͲϯ͘ϴй;ΨϭϱͿͲϬ͘ϳй &ŝŶĂŶĐŝĂůĐƚŝǀŝƚŝĞƐϭϳ͕ϵϲϲϭϳϲ͕ϳϳϵΨϮ͕Ϯϰϭϭϴ͕ϱϲϵϭϳϱ͕ϭϳϱΨϮ͕ϭϭϮͲϭ͕ϲϬϰͲϬ͘ϵй;ΨϭϮϵͿͲϱ͘ϴй WƌŽĨĞƐƐŝŽŶĂůΘƵƐŝŶĞƐƐ^ĞƌǀŝĐĞƐϰϭ͕ϴϮϮϯϴϴ͕ϰϴϲΨϭ͕ϵϰϰϰϯ͕ϱϭϳϯϳϴ͕ϵϵϯΨϭ͕ϵϱϴͲϵ͕ϰϵϯͲϮ͘ϰйΨϭϰϬ͘ϳй ĚƵĐĂƚŝŽŶΘ,ĞĂůƚŚ^ĞƌǀŝĐĞƐϮϵ͕ϴϬϲϳϰϮ͕ϭϯϮΨϭ͕Ϯϭϯϯϭ͕ϱϳϬϳϯϴ͕ϳϬϳΨϭ͕ϮϰϴͲϯ͕ϰϮϱͲϬ͘ϱйΨϯϱϮ͘ϵй >ĞŝƐƵƌĞΘ,ŽƐƉŝƚĂůŝƚǇϭϲ͕ϳϰϯϮϳϴ͕ϰϴϭΨϱϳϲϭϳ͕ϬϮϳϮϵϴ͕ϴϮϯΨϱϴϴϮϬ͕ϯϰϮϳ͘ϯйΨϭϮϮ͘ϭй KƚŚĞƌ^ĞƌǀŝĐĞƐϮϬ͕ϳϭϴϵϬ͕ϱϲϵΨϴϳϴϮϬ͕ϵϱϴϵϮ͕ϵϴϳΨϵϭϬϮ͕ϰϭϴϮ͘ϳйΨϯϮϯ͘ϲй WƵďůŝĐĚŵŝŶŝƐƚƌĂƚŝŽŶϯ͕ϰϬϮϭϯϳ͕ϯϵϲΨϭ͕ϯϲϴϯ͕ϰϭϳϭϱϭ͕ϮϳϯΨϭ͕ϰϬϵϭϯ͕ϴϳϳϭϬ͘ϭйΨϰϭϯ͘Ϭй ^ŽƵƌĐĞƐ͗DE͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϳϴ DW>KzDEddZE^ ǀĞƌĂŐĞtĞĞŬůǇtĂŐĞ;YϯϮϬϮϰͿ EĂƚƵƌĂůZĞƐŽƵƌĐĞƐΘDŝŶŝŶŐ ŽŶƐƚƌƵĐƚŝŽŶ DĂŶƵĨĂĐƚƵƌŝŶŐ dƌĂĚĞ͕dƌĂŶƐƉŽƌƚĂƚŝŽŶΘhƚŝůŝƚŝĞƐ /ŶĨŽƌŵĂƚŝŽŶ &ŝŶĂŶĐŝĂůĐƚŝǀŝƚŝĞƐ WƌŽĨĞƐƐŝŽŶĂůΘƵƐŝŶĞƐƐ^ĞƌǀŝĐĞƐ ĚƵĐĂƚŝŽŶΘ,ĞĂůƚŚ^ĞƌǀŝĐĞƐ >ĞŝƐƵƌĞΘ,ŽƐƉŝƚĂůŝƚǇ KůŵƐƚĞĚŽƵŶƚǇ KƚŚĞƌ^ĞƌǀŝĐĞƐ DŝŶŶĞƐŽƚĂ WƵďůŝĐĚŵŝŶŝƐƚƌĂƚŝŽŶ ΨϬΨϱϬϬΨϭ͕ϬϬϬΨϭ͕ϱϬϬΨϮ͕ϬϬϬΨϮ͕ϱϬϬ ^ŽƵƌĐĞƐ͗DE͖DĂǆĨŝĞůĚ ůƚŚŽƵŐŚĚĂƚĂǁĂƐŶŽƚĂǀĂŝůĂďůĞĨŽƌĂůůŐĞŽŐƌĂƉŚŝĞƐ;ƉƌŝŵĂƌŝůǇƚŽǁŶƐŚŝƉƐͿŝŶĞĂĐŚŽĨƚŚĞ x ƐƵďŵĂƌŬĞƚƐ͕ƚŚĞĨŽůůŽǁŝŶŐĐŚĂƌƚƉƌŽǀŝĚĞƐĂƐƵŵŵĂƌǇǁŝƚŚƚŚĞŶƵŵďĞƌŽĨĞŵƉůŽǇĞĞƐĂŶĚ ĂǀĞƌĂŐĞǁĞĞŬůǇǁĂŐĞďǇĞĂĐŚĐŝƚǇŝŶƚŚĞDĂƌŬĞƚƌĞĂ͘ƐŽĨYϯϮϬϮϰ͕ZŽĐŚĞƐƚĞƌŚĂĚƚŚĞ ŵŽƐƚĞŵƉůŽǇĞĞƐ;ϵϲ͕ϭϯϲͿĂŶĚƚŚĞŚŝŐŚĞƐƚĂǀĞƌĂŐĞǁĞĞŬůǇǁĂŐĞ;Ψϭ͕ϰϴϲͿ͘/ŶǀĞƌƐĞůǇ͕ŽǀĞƌ ŚĂĚƚŚĞĨĞǁĞƐƚĞŵƉůŽǇĞĞƐ;ϲϳͿĂŶĚƚŚĞůŽǁĞƐƚĂǀĞƌĂŐĞǁĞĞŬůǇǁĂŐĞ;ΨϲϭϭͿ͘ ŵƉůŽǇŵĞŶƚ^ƵŵŵĂƌǇďǇŝƚǇ;YϯϮϬϮϰͿ Ψϭ͕ϰϴϲ Ϯ͕ϱϬϬΨϭ͕ϲϬϬ Ψϭ͕ϯϯϮ Ψϭ͕ϰϬϬ Ϯ͕ϬϬϬ Ψϭ͕Ϭϵϵ Ψϭ͕ϮϬϬ Ψϵϵϵ Ψϵϰϱ ΨϴϵϮΨϴϵϰ Ψϴϳϭ Ψϭ͕ϬϬϬ ϭ͕ϱϬϬ ΨϴϬϬ Ψϲϭϭ ϭ͕ϬϬϬ ΨϲϬϬ ΨϰϬϬ ϱϬϬ ϵϲ͕ϭϯϲ ϭ͕ϱϳϮϭ͕ϭϵϭϮ͕ϭϬϱ ΨϮϬϬ ϵϯϲϯϲϬϳϵϰ ϯϵϱ ϲϳ ϬΨϬ EŽ͘ŽĨŵƉůŽǇĞĞƐǀŐ͘tĞĞŬůǇtĂŐĞ ΎŚĂƌƚǀĂůƵĞƐĞǆĐĞĞĚŐƌĂƉŚƉĂƌĂŵĞƚĞƌƐ ^ŽƵƌĐĞƐ͗DE͖DĂǆĨŝĞůĚ Dy&/>Z^Z,ΘKE^h>d/E'ϳϵ DW>KzDEddZE^ ŽŵŵƵƟŶŐWĂƩĞƌŶƐ dĂďůĞͲϰŚŝŐŚůŝŐŚƚƐƚŚĞĐŽŵŵƵƚŝŶŐƉĂƚƚĞƌŶƐ͕ŝŶĐůƵĚŝŶŐĚŝƐƚĂŶĐĞĂŶĚĚĞƐƚŝŶĂƚŝŽŶ͕ŽĨǁŽƌŬĞƌƐŝŶ ƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂďĂƐĞĚŽŶĚĂƚĂĨƌŽŵƚŚĞh͘^͘ĞŶƐƵƐƵƌĞĂƵ>ŽĐĂů ŵƉůŽǇŵĞŶƚǇŶĂŵŝĐƐĚĂƚĂ͘,ŽŵĞĞƐƚŝŶĂƚŝŽŶƐƵŵŵĂƌŝǌĞƐǁŚĞƌĞǁŽƌŬĞƌƐůŝǀĞǁŚŽĂƌĞ ĞŵƉůŽǇĞĚŝŶƚŚĞDĂƌŬĞƚƌĞĂ͕ǁŚŝůĞtŽƌŬĞƐƚŝŶĂƚŝŽŶƌĞƉƌĞƐĞŶƚƐǁŚĞƌĞǁŽƌŬĞƌƐĂƌĞĞŵƉůŽǇĞĚ ǁŚŽůŝǀĞŝŶƚŚĞDĂƌŬĞƚƌĞĂ͘ ƐƚŚĞĨŽůůŽǁŝŶŐƚĂďůĞŝůůƵƐƚƌĂƚĞƐ͕ĂďŽƵƚϭϰ͘ϴйŽĨƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂƌĞƐŝĚĞŶƚƐ x ĐŽŵŵƵƚĞĚƚŽũŽďƐŽƵƚƐŝĚĞŽĨƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͕ϭ͘ϳйĐŽŵŵƵƚĞĚƚŽũŽďƐŝŶ DŝŶŶĞĂƉŽůŝƐ;ϭ͕ϲϭϮĞŵƉůŽǇĞĞƐͿ͕Ϭ͘ϴйĐŽŵŵƵƚĞĚƚŽũŽďƐŝŶtŝŶŽŶĂ;ϳϳϳĞŵƉůŽǇĞĞƐͿ͕ĂŶĚ Ϭ͘ϴйĐŽŵŵƵƚĞĚƚŽũŽďƐŝŶ^ƚ͘WĂƵů;ϳϯϴĞŵƉůŽǇĞĞƐͿ͘ d>Ͳϰ KDDhd/E'WddZE^ K>D^dKhEdzDZ<dZ ϮϬϮϮ ,ŽŵĞĞƐƚŝŶĂƚŝŽŶtŽƌŬĞƐƚŝŶĂƚŝŽŶ WůĂĐĞŽĨŵƉůŽǇŵĞŶƚWůĂĐĞŽĨZĞƐŝĚĞŶĐĞ ŽƵŶƚ^ŚĂƌĞŽƵŶƚ^ŚĂƌĞ ZŽĐŚĞƐƚĞƌ͕DEZŽĐŚĞƐƚĞƌ͕DE ϱϮ͕ϮϮϰϰϲ͘ϳйϲϲ͕ϯϯϯϳϭ͘ϲй ǇƌŽŶ͕DEDŝŶŶĞĂƉŽůŝƐ͕DE Ϯ͕ϵϯϴϮ͘ϲйϭ͕ϲϭϮϭ͘ϳй ^ƚĞǁĂƌƚǀŝůůĞ͕DE^ƚĞǁĂƌƚǀŝůůĞ͕DE Ϯ͕ϴϲϮϮ͘ϲйϭ͕ϰϭϯϭ͘ϱй <ĂƐƐŽŶ͕DEǇƌŽŶ͕DE Ϯ͕ϮϱϯϮ͘ϬйϵϮϱϭ͘Ϭй WŝŶĞ/ƐůĂŶĚ͕DE^ƚ͘ŚĂƌůĞƐ͕DE ϭ͕ϯϲϮϭ͘ϮйϴϯϯϬ͘ϵй ^ƚ͘ŚĂƌůĞƐ͕DEtŝŶŽŶĂ͕DE ϭ͕Ϯϴϭϭ͘ϭйϳϳϳϬ͘ϴй ŚĂƚĨŝĞůĚ͕DE^ƚ͘WĂƵů͕DE ϭ͕ϭϯϵϭ͘ϬйϳϯϴϬ͘ϴй ƵƐƚŝŶ͕DEĚĞŶWƌĂŝƌŝĞ͕DE ϭ͕Ϭϵϲϭ͘ϬйϳϯϰϬ͘ϴй WůĂŝŶǀŝĞǁ͕DEWŝŶĞ/ƐůĂŶĚ͕DE ϵϴϴϬ͘ϵйϲϮϭϬ͘ϳй ǇŽƚĂ͕DEŚĂƚĨŝĞůĚ͕DE ϵϬϬϬ͘ϴйϱϲϬϬ͘ϲй ůůKƚŚĞƌ>ŽĐĂƚŝŽŶƐůůKƚŚĞƌ>ŽĐĂƚŝŽŶƐ ϰϰ͕ϵϬϯϰϬ͘ϭйϭϴ͕Ϭϱϳϭϵ͘ϱй ŝƐƚĂŶĐĞdƌĂǀĞůĞĚŝƐƚĂŶĐĞdƌĂǀĞůĞĚ dŽƚĂůWƌŝŵĂƌǇ:ŽďƐϭϭϭ͕ϵϰϲϭϬϬ͘ϬйdŽƚĂůWƌŝŵĂƌǇ:ŽďƐϵϮ͕ϲϬϯϭϬϬ͘Ϭй >ĞƐƐƚŚĂŶϭϬŵŝůĞƐϲϯ͕ϴϬϴϱϳ͘Ϭй>ĞƐƐƚŚĂŶϭϬŵŝůĞƐϲϯ͕ϯϬϳϲϴ͘ϰй ϭϬƚŽϮϰŵŝůĞƐϮϮ͕ϯϲϲϮϬ͘ϬйϭϬƚŽϮϰŵŝůĞƐϭϮ͕ϳϯϵϭϯ͘ϴй ϮϱƚŽϱϬŵŝůĞƐϭϬ͕ϲϱϵϵ͘ϱйϮϱƚŽϱϬŵŝůĞƐϯ͕ϭϴϭϯ͘ϰй 'ƌĞĂƚĞƌƚŚĂŶϱϬŵŝůĞƐϭϱ͕ϭϭϯϭϯ͘ϱй'ƌĞĂƚĞƌƚŚĂŶϱϬŵŝůĞƐϭϯ͕ϯϳϲϭϰ͘ϰй ,ŽŵĞĞƐƚŝŶĂƚŝŽŶ͗tŚĞƌĞǁŽƌŬĞƌƐůŝǀĞǁŚŽĂƌĞĞŵƉůŽǇĞĚŝŶƚŚĞƐĞůĞĐƚŝŽŶĂƌĞĂ͘ tŽƌŬĞƐƚŝŶĂƚŝŽŶ͗tŚĞƌĞǁŽƌŬĞƌƐĂƌĞĞŵƉůŽǇĞĚǁŚŽůŝǀĞŝŶƚŚĞƐĞůĞĐƚŝŽŶĂƌĞĂ͘ ^ŽƵƌĐĞƐ͗h͘^͘ĞŶƐƵƐƵƌĞĂƵ>ŽĐĂůŵƉůŽǇŵĞŶƚǇŶĂŵŝĐƐ͕DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ŶĞƐƚŝŵĂƚĞĚϱϳйŽĨƚŚĞǁŽƌŬĞƌƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂƌĞƐŝĚĞǁŝƚŚŝŶƚĞŶ x ŵŝůĞƐŽĨƚŚĞŝƌƉůĂĐĞŽĨĞŵƉůŽǇŵĞŶƚ͕ǁŚŝůĞϮϬйƚƌĂǀĞůĨƌŽŵϭϬƚŽϮϰŵŝůĞƐ͘ZŽƵŐŚůǇϵ͘ϱйŽĨ ƚŚĞǁŽƌŬĞƌƐĐŽŵŵƵƚĞĨƌŽŵϮϱƚŽϱϬŵŝůĞƐĂŶĚĂŶŽƚŚĞƌϭϯ͘ϱйĐŽŵĞĨƌŽŵŵŽƌĞƚŚĂŶϱϬ ŵŝůĞƐĂǁĂǇ͘ ƐƚŚĞĨŽůůŽǁŝŶŐƚĂďůĞŝůůƵƐƚƌĂƚĞƐ͕ŽĨƚŚĞǁŽƌŬĞƌƐǁŚŽĐŽŵŵƵƚĞĚŝŶƚŽƚŚĞDŝƐƚƌŝĐƚĨŽƌ x ǁŽƌŬ͕ϱϭйůŝǀĞŝŶZŽĐŚĞƐƚĞƌ͕Ϯ͘ϳйůŝǀĞŝŶǇƌŽŶ͕ĂŶĚϮ͘ϯйůŝǀĞŝŶ<ĂƐƐŽŶ͘ŵŽŶŐƚŚŽƐĞǁŚŽ Dy&/>Z^Z,ΘKE^h>d/E'ϴϬ DW>KzDEddZE^ ůĞĂǀĞƚŚĞDŝƐƚƌŝĐƚĨŽƌĞŵƉůŽǇŵĞŶƚ͕ϳϴйĐŽŵŵƵƚĞƚŽũŽďƐĞůƐĞǁŚĞƌĞŝŶZŽĐŚĞƐƚĞƌ͕ĂŶĚ ĂŶŽƚŚĞƌϭ͘ϰйĐŽŵŵƵƚĞƚŽĚĞŶWƌĂŝƌŝĞ͕ĂŶĚϭ͘ϰйĐŽŵŵƵƚĞƚŽDŝŶŶĞĂƉŽůŝƐ͘ d>Ͳϱ KDDhd/E'WddZE^ ^d/Ed/KED/>EdZ;DͿ/^dZ/d ϮϬϮϮ ,ŽŵĞĞƐƚŝŶĂƚŝŽŶtŽƌŬĞƐƚŝŶĂƚŝŽŶ WůĂĐĞŽĨŵƉůŽǇŵĞŶƚWůĂĐĞŽĨZĞƐŝĚĞŶĐĞ 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ƌĞĂ͘dŚĞŵĞĚŝĂŶŐƌŽƐƐƌĞŶƚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝƐĞƐƚŝŵĂƚĞĚĂƚΨϭ͕ϯϬϱ ǁŚŝĐŚŝƐϴйůŽǁĞƌƚŚĂŶƚŚĞŵĞĚŝĂŶƌĞŶƚŽĨΨϭ͕ϰϮϮŝŶƚŚĞDĞƚƌŽƌĞĂ͘ZŽĐŚĞƐƚĞƌŚĂƐƌĞŶƚƐ ƚŚĂƚĂƌĞϳ͘ϱйůŽǁĞƌƚŚĂŶƚŚĞDĞƚƌŽĂƚΨϭ͕ϯϭϲ͘ DŽŶƚŚůǇŐƌŽƐƐƌĞŶƚƐĨŽƌďĞĚƌŽŽŵƐŽǀĞƌΨϭ͕ϬϬϬĂƌĞĞƐƚŝŵĂƚĞĚƚŽĂĐĐŽƵŶƚĨŽƌϲϰ͘ϱйŽĨĂůů x ƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘ƉƉƌŽǆŝŵĂƚĞůǇϮϬйŽĨƌĞŶƚĞƌ ŚŽƵƐŝŶŐƵŶŝƚƐŚĂǀĞŐƌŽƐƐŵŽŶƚŚůǇƌĞŶƚƐΨϳϱϬƚŽΨϵϵϵ͘KŶůǇĂďŽƵƚϭϮйŚĂǀĞĞƐƚŝŵĂƚĞĚƌĞŶƚƐ ůŽǁĞƌƚŚĂŶΨϳϱϬƉĞƌŵŽŶƚŚ͘ dŚĞĨŽůůŽǁŝŶŐĞƐƚŝŵĂƚĞĚĚĂƚĂƐŚŽǁƐƚŚĞĐŽŵƉĂƌŝƐŽŶŽĨŵŽŶƚŚůǇŐƌŽƐƐƌĞŶƚƐďǇŐĞŽŐƌĂƉŚǇ͗ x DŽŶƚŚůǇZĞŶƚZŽĐŚĞƐƚĞƌZĞŵĂŝŶĚĞƌDKůŵƐƚĞĚŽ͘DdD ΨϳϱϬŽƌůĞƐƐϭϭ͘Ϭйϭϴ͘ϰйϭϮ͘Ϯйϵ͘ϲй ΨϳϱϬƚŽΨϵϵϵϭϲ͘ϴйϯϯ͘ϴйϭϵ͘ϰйϴ͘ϵй Ψϭ͕ϬϬϬƚŽΨϭ͕ϰϵϵϯϭ͘ϭйϮϲ͘ϴйϯϭ͘ϭйϯϲ͘ϭй Ψϭ͕ϱϬϬŽƌŵŽƌĞϯϱ͘ϴйϭϮ͘ϲйϯϯ͘ϰйϰϯ͘ϭй ƐƐŚŽǁŶĂďŽǀĞ͕ĞƐƚŝŵĂƚĞĚŵŽŶƚŚůǇŐƌŽƐƐƌĞŶƚŝƐƐŝŐŶŝĨŝĐĂŶƚůǇŚŝŐŚĞƌŝŶZŽĐŚĞƐƚĞƌƚŚĂŶŝŶ x ĐŽŵŵƵŶŝƚŝĞƐŝŶŽƚŚĞƌĂƌĞĂƐŽĨƚŚĞDĂƌŬĞƚƌĞĂ͘ZĞŶƚƐŽĨΨϭ͕ϬϬϬĂŶĚŚŝŐŚĞƌĂĐĐŽƵŶƚĨŽƌ ϯϵйŽĨƚŚĞZĞŵĂŝŶĚĞƌĐŽŵƉĂƌĞĚƚŽϲϳйŝŶZŽĐŚĞƐƚĞƌ͘ ZŽĐŚĞƐƚĞƌŝƐŶŽƚƋƵŝƚĞĂƐŚŝŐŚŝŶĞƐƚŝŵĂƚĞĚŵŽŶƚŚůǇƌĞŶƚƐĂƐƚŚĞdǁŝŶŝƚŝĞƐDĞƚƌŽƌĞĂ͕ďƵƚ x ŚĂƐƐŝŵŝůĂƌƉƌŽƉŽƌƚŝŽŶƐĂůŽŶŐƌĞŶƚĐĂƚĞŐŽƌŝĞƐ͘dŚĞŽŶůǇŵĂũŽƌĚŝĨĨĞƌĞŶĐĞŝƐƚŚĂƚZŽĐŚĞƐƚĞƌ ŚĂƐŵƵĐŚŚŝŐŚĞƌƉĞƌĐĞŶƚĂŐĞŽĨƌĞŶƚĂůƵŶŝƚƐǁŝƚŚďĞƚǁĞĞŶΨϳϱϬƚŽΨϵϵϵŵŽŶƚŚůǇƌĞŶƚƐ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϵϬ ZEd>,Kh^/E'E>z^/^ dŚĞĨŽůůŽǁŝŶŐĐŚĂƌƚƐƐŚŽǁƚŚĞƉƌŽƉŽƌƚŝŽŶŽĨĞƐƚŝŵĂƚĞĚŐƌŽƐƐƌĞŶƚƐďǇŶƵŵďĞƌŽĨďĞĚƌŽŽŵƐ x ĨŽƌZŽĐŚĞƐƚĞƌĂŶĚƚŚĞZĞŵĂŝŶĚĞƌŽĨƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘dŚĞĐŚĂƌƚƐŐŝǀĞĂ ǀŝƐƵĂůƉŝĐƚƵƌĞŽĨĚŝĨĨĞƌĞŶĐĞŝŶǀĂůƵĞŽĨƌĞŶƚĂůƵŶŝƚƐŽƵƚƐŝĚĞŽĨZŽĐŚĞƐƚĞƌ͘/ƚƐŚŽƵůĚďĞŶŽƚĞĚ ƚŚĂƚƚŚĞǀĂůƵĞŝƐůŝŬĞůǇĚƵĞŝŶƉĂƌƚƚŽƚŚĞŽůĚĞƌĂŐĞŽĨƚŚĞŵĂũŽƌŝƚǇŽĨƉƌŽƉĞƌƚŝĞƐŝŶƚŚĞƐĞ ĐŽŵŵƵŶŝƚŝĞƐĂƐůŝŵŝƚĞĚŶĞǁĚĞǀĞůŽƉŵĞŶƚŚĂƐŽĐĐƵƌƌĞĚŝŶƌĞŶƚĂůƉƌŽĚƵĐƚŽƵƚƐŝĚĞŽĨ ZŽĐŚĞƐƚĞƌ͘ 'ƌŽƐƐZĞŶƚďǇEƵŵďĞƌŽĨĞĚƌŽŽŵƐ ŝƚǇŽĨZŽĐŚĞƐƚĞƌ ϯZн Ϯϭ͘ϴйϲϰ͘ϭйϳ͘Ϭй >ĞƐƐƚŚĂŶΨϯϬϬ ΨϯϬϬƚŽΨϰϵϵ ϮZ Ϯϭ͘Ϭйϯϲ͘ϲйϯϱ͘ϰй ΨϱϬϬƚŽΨϳϰϵ ΨϳϱϬƚŽΨϵϵϵ ϭZ ϴ͘ϳйϮϬ͘ϬйϯϮ͘ϭйϮϮ͘ϳй Ψϭ͕ϬϬϬƚŽΨϭ͕ϰϵϵ Ψϭ͕ϱϬϬŽƌŵŽƌĞ ϬZ ϭϯ͘ϳйϭϮ͘ϴйϮϰ͘ϲйϭϰ͘ϬйϮϴ͘ϲй EŽĐĂƐŚƌĞŶƚ ϬйϮϬйϰϬйϲϬйϴϬйϭϬϬй 'ƌŽƐƐZĞŶƚďǇEƵŵďĞƌŽĨĞĚƌŽŽŵƐ KƵƚƐŝĚĞƚŚĞ/ƚǇŽĨZŽĐŚĞƐƚĞƌ ϯZн Ϯϯ͘ϳйϯϯ͘ϬйϮϬ͘Ϯйϭϴ͘ϭй >ĞƐƐƚŚĂŶΨϯϬϬ ΨϯϬϬƚŽΨϰϵϵ ϮZ ϭϯ͘ϮйϯϮ͘Ϯйϯϯ͘ϵйϭϰ͘ϯй ΨϱϬϬƚŽΨϳϰϵ ΨϳϱϬƚŽΨϵϵϵ ϭZ ϭϮ͘Ϭйϭϯ͘ϯйϮϰ͘ϰйϯϲ͘Ϭйϭϯ͘ϴй Ψϭ͕ϬϬϬƚŽΨϭ͕ϰϵϵ Ψϭ͕ϱϬϬŽƌŵŽƌĞ ϬZ ϳ͘ϯйϴϲ͘ϱй EŽĐĂƐŚƌĞŶƚ ϬйϮϬйϰϬйϲϬйϴϬйϭϬϬй Dy&/>Z^Z,ΘKE^h>d/E'ϵϭ ZEd>,Kh^/E'E>z^/^ 'ĞŶĞƌĂůͲKĐĐƵƉĂŶĐǇZĞŶƚĂů^ƵŵŵĂƌǇ KƵƌƌĞƐĞĂƌĐŚŽĨƚŚĞKůŵƐƚĞĚŽƵŶƚǇ͛ƐŐĞŶĞƌĂůŽĐĐƵƉĂŶĐǇƌĞŶƚĂůŵĂƌŬĞƚŝŶĐůƵĚĞĚĂƐƵƌǀĞǇŽĨ ŶĞĂƌůǇϭϲϬƐŚĂůůŽǁͲƐƵďƐŝĚǇ;ĂĨĨŽƌĚĂďůĞͿ͕ĚĞĞƉͲƐƵďƐŝĚǇ;ƐƵďƐŝĚŝǌĞĚͿĂŶĚŵĂƌŬĞƚƌĂƚĞĂƉĂƌƚŵĞŶƚ ƉƌŽƉĞƌƚŝĞƐ;ďƵŝůĚŝŶŐƐǁŝƚŚϮϬƵŶŝƚƐŽƌŵŽƌĞͬϴŽƌŵŽƌĞŽƵƚƐŝĚĞŽĨZŽĐŚĞƐƚĞƌͿĂƐŽĨYϭϮϬϮϱ͘ dŚĞƐĞƉƌŽƉĞƌƚŝĞƐƌĞƉƌĞƐĞŶƚĂĐŽŵďŝŶĞĚƚŽƚĂůŽĨϭϮ͕ϵϲϴƵŶŝƚƐ͕ŝŶĐůƵĚŝŶŐϮ͕ϯϰϬĂĨĨŽƌĚĂďůĞ͕ϱϵϯ ƐƵďƐŝĚŝǌĞĚĂŶĚϭϬ͕ϬϮϱŵĂƌŬĞƚƌĂƚĞƵŶŝƚƐ͘ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚǁĂƐĂďůĞƚŽĐŽŶƚĂĐƚĂŶĚŽďƚĂŝŶƵƉͲƚŽͲĚĂƚĞŝŶĨŽƌŵĂƚŝŽŶŽŶŽǀĞƌϵϬйŽĨ ŝĚĞŶƚŝĨŝĞĚƌĞŶƚĂůƉƌŽƉĞƌƚŝĞƐ͘WĂƌƚŝĂůĂŶĚͬŽƌůŝŵŝƚĞĚĚĂƚĂǁĂƐŐĂƚŚĞƌĞĚĨŽƌĂƐŵĂůůƉŽƌƚŝŽŶŽĨ ƉƌŽƉĞƌƚŝĞƐƚŚĂƚĐŚŽƐĞŶŽƚƚŽƉĂƌƚŝĐŝƉĂƚĞŝŶƚŚĞƐƵƌǀĞǇ͕ǁŚŝĐŚǁĞǁĞƌĞƵŶĂďůĞƚŽƌĞĂĐŚĚƵĞƚŽ ůĂĐŬŽĨĐŽŶƚĂĐƚŝŶĨŽƌŵĂƚŝŽŶ͕ŽƌŶŽƌĞƐƉŽŶƐĞǁĂƐƌĞĐĞŝǀĞĚ͘/ŶƐƵĐŚĐĂƐĞƐ͕DĂǆĨŝĞůĚZĞƐĞĂƌĐŚ ƌĞůŝĞĚŽŶŝŶĨŽƌŵĂƚŝŽŶĨƌŽŵƚŚŝƌĚƉĂƌƚǇƐŽƵƌĐĞƐ͕ŝĨĂǀĂŝůĂďůĞ͘ ƚƚŚĞƚŝŵĞŽĨŽƵƌƐƵƌǀĞǇ͕ϯϱϱŐĞŶĞƌĂůŽĐĐƵƉĂŶĐǇƵŶŝƚƐǁĞƌĞǀĂĐĂŶƚŝŶƐƚĂďŝůŝǌĞĚƉƌŽƉĞƌƚŝĞƐ͕ ƌĞƐƵůƚŝŶŐŝŶĂŶŽǀĞƌĂůůǀĂĐĂŶĐǇƌĂƚĞŽĨϯ͘ϭйĨŽƌĂůůƵŶŝƚƐ͘dŚĞĐŽŵďŝŶĞĚŽǀĞƌĂůůǀĂĐĂŶĐǇƌĂƚĞŝƐ ũƵƐƚďĞůŽǁƚŚĞŝŶĚƵƐƚƌǇƐƚĂŶĚĂƌĚŽĨϱйǀĂĐĂŶĐǇĨŽƌĂƐƚĂďŝůŝǌĞĚƌĞŶƚĂůŵĂƌŬĞƚƌĂƚĞǁŚŝĐŚ ƉƌŽŵŽƚĞƐĐŽŵƉĞƚŝƚŝǀĞƌĂƚĞƐ͕ĞŶƐƵƌĞƐĂĚĞƋƵĂƚĞĐŚŽŝĐĞĂŶĚĂůůŽǁƐĨŽƌƐƵĨĨŝĐŝĞŶƚƵŶŝƚƚƵƌŶŽǀĞƌ͘ dĂďůĞZͲϯƐƵŵŵĂƌŝǌĞƐƚŚĞŝŶǀĞŶƚŽƌǇŽĨŐĞŶĞƌĂůŽĐĐƵƉĂŶĐǇƉƌŽƉĞƌƚŝĞƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇ DĂƌŬĞƚƌĞĂďǇŝŶĐŽŵĞůĞǀĞůĂŶĚŝŶĐůƵĚĞƐǇĞĂƌďƵŝůƚ͕ĐŝƚǇ͕ƐƵďŵĂƌŬĞƚĂŶĚƵŶŝƚƚŽƚĂůƐ͘dĂďůĞƐZͲϮ ƚŚƌŽƵŐŚZͲϰƉƌŽǀŝĚĞĂƐƵŵŵĂƌǇďǇŝŶĐŽŵĞůĞǀĞůĂŶĚƵŶŝƚƚǇƉĞ͕ǁŚŝĐŚŝŶĐůƵĚĞƐƚŽƚĂůƵŶŝƚƐ͕ ĂǀĞƌĂŐĞƐƋƵĂƌĞĨŽŽƚ͕ƌĞŶƚƌĂŶŐĞ͕ĂǀĞƌĂŐĞƌĞŶƚ͕ĂŶĚĂǀĞƌĂŐĞƌĞŶƚƉĞƌƐƋƵĂƌĞĨŽŽƚĂƐǁĞůůĂƐƚŚĞ ĂǀĞƌĂŐĞĂŐĞŽĨƚŚĞƉƌŽƉĞƌƚŝĞƐ͘ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ^ƵƌǀĞǇĞĚZĞŶƚĂůhŶŝƚƐďǇzĞĂƌƵŝůƚ ϱ͕ϬϬϬ ϰ͕ϱϬϬ ϰ͕ϬϬϬ ϰ͕ϯϲϰ ϯ͕ϱϬϬ ϯ͕ϬϬϬ hŶŝƚƐ Ϯ͕ϱϬϬ Ϯ͕ϲϬϰ Ϯ͕ϬϬϬ ϭ͕ϵϯϭ ϭ͕ϱϬϬ ϭ͕ϰϯϮ ϭ͕ϬϬϬ ϰϱϯ ϯϴϰ ϭ͕ϬϳϮ ϱϬϬ ϲϵϰ Ϭ ƉƌĞϭϵϲϬƐϭϵϲϬƐϭϵϳϬƐϭϵϴϬƐϭϵϵϬƐϮϬϬϬƐϮϬϭϬƐϮϬϮϬƐ EŽƚĞ͗ŚĂƌƚĚŽĞƐŶŽƚŝŶĐůƵĚĞƉƌŽƉĞƌƚŝĞƐŝĨǇĞĂƌďƵŝůƚŝƐŶŽƚĂǀĂŝůĂďůĞ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϵϮ ZEd>,Kh^/E'E>z^/^ ĂƐĞĚŽŶƚŚĞƐƵƌǀĞǇĞĚŐĞŶĞƌĂůŽĐĐƵƉĂŶĐǇƌĞŶƚĂůƵŶŝƚƐ͕ƚŚĞƉĞĂŬĚĞǀĞůŽƉŵĞŶƚƉĞƌŝŽĚĨŽƌ x ŵƵůƚŝĨĂŵŝůǇƵŶŝƚƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂǁĂƐĚƵƌŝŶŐƚŚĞůĂƐƚĚĞĐĂĚĞ;ϮϬϭϬƐͿĂƐ ϰ͕ϯϲϰ;ϯϰйͿŽĨƚŚĞƵŶŝƚƐƐƵƌǀĞǇĞĚǁĞƌĞďƵŝůƚ͘^ŝŶĐĞϮϬϮϬ͕Ϯ͕ϲϬϰƵŶŝƚƐŚĂǀĞďĞĞŶďƵŝůƚĂŶĚŝƐ ŽŶƉĂĐĞƚŽƐƵƌƉĂƐƐĚĞǀĞůŽƉŵĞŶƚĚƵƌŝŶŐƚŚĞϮϬϭϬƐ͘ dŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĂĚĚĞĚĂďŽƵƚϱ͕ϱϴϬƐƵƌǀĞǇĞĚŐĞŶĞƌĂůŽĐĐƵƉĂŶĐǇƌĞŶƚĂů x ƵŶŝƚƐĨƌŽŵϭϵϲϬƚŽϮϬϭϬ͘/ŶƚŚĞƐŚŽƌƚƉĞƌŝŽĚĨƌŽŵϮϬϭϬƚŽϮϬϮϱƚŚĞDĂƌŬĞƚƌĞĂĂĚĚĞĚ ϰ͕ϲϲϱƵŶŝƚƐ͘ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚǀƐ͘ZĞŵĂŝŶĚĞƌ^ƵďŵĂƌŬĞƚƐ ^ƵƌǀĞǇĞĚZĞŶƚĂůhŶŝƚƐďǇzĞĂƌƵŝůƚ ϱ͕ϬϬϬ ZŽĐŚĞƐƚĞƌ^Ƶď͘ ϰ͕ϱϬϬ ϰ͕ϬϬϬ ϰ͕ϯϮϴ ZĞŵĂŝŶĚĞƌ^ƵďƐ͘ ϯ͕ϱϬϬ ϯ͕ϬϬϬ hŶŝƚƐ Ϯ͕ϱϬϬ Ϯ͕ϰϵϳ Ϯ͕ϬϬϬ ϭ͕ϱϬϬ ϭ͕ϳϲϱ ϭ͕ϬϬϬ ϭ͕Ϯϲϳ ϯϳϲ Ϯϵϳ ϭϲϲ ϭϱϲϭϲϱ ϵϰϬ ϭϯϮ ϱϬϬ ϭϬϳ ϲϵϰ ϯϲ ϴ Ϭ ƉƌĞϭϵϲϬƐϭϵϲϬƐϭϵϳϬƐϭϵϴϬƐϭϵϵϬƐϮϬϬϬƐϮϬϭϬƐϮϬϮϬƐ EŽƚĞ͗ŚĂƌƚĚŽĞƐŶŽƚŝŶĐůƵĚĞƉƌŽƉĞƌƚŝĞƐŝĨǇĞĂƌďƵŝůƚŝƐŶŽƚĂǀĂŝůĂďůĞ͘ dŚĞĐŚĂƌƚďĞůŽǁƐŚŽǁƐƚŚĞĐŽŵƉĂƌŝƐŽŶŽĨƐƵƌǀĞǇĞĚƌĞŶƚĂůƵŶŝƚƐďǇĚĞĐĂĚĞĨŽƌƚŚĞZŽĐŚĞƐƚĞƌ x ^ƵďŵĂƌŬĞƚƚŽƚŚĞZĞŵĂŝŶĚĞƌŽĨƚŚĞ^ƵďŵĂƌŬĞƚƐ͘KǀĞƌĂůů͕ƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ ĂĐĐŽƵŶƚƐĨŽƌϵϰйŽĨĂůůƌĞŶƚĂůƵŶŝƚƐƐƵƌǀĞǇĞĚ͘^ŝŶĐĞϮϬϭϬ͕ƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚŚĂƐ ŐƌŽǁŶĂŶĚĂĐĐŽƵŶƚƐĨŽƌϵϴйŽĨƚŚĞƐƵƌǀĞǇĞĚƌĞŶƚĂůƵŶŝƚƐ͘ ƐƚŚĞĐŚĂƌƚƐŚŽǁƐ͕ƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚŚĂƐĞǆƉĞƌŝĞŶĐĞĚĞǆĐĞƉƚŝŽŶĂůŐƌŽǁƚŚŝŶƌĞŶƚĂů x ƵŶŝƚƐŽǀĞƌƚŚĞƉĂƐƚƚǁŽĚĞĐĂĚĞƐ͘'ƌŽǁƚŚŝŶƚŚĞƌĞŵĂŝŶĚĞƌƐƵďŵĂƌŬĞƚƐŚĂƐďĞĞŶůŝŵŝƚĞĚďƵƚ ƐƚĞĂĚǇ͕ŚŽǁĞǀĞƌŶĞǁŐƌŽǁƚŚŚĂƐďĞĞŶĨŽĐƵƐĞĚŝŶƚŚĞEŽƌƚŚĂŶĚǇƌŽŶ^ƵďŵĂƌŬĞƚƐ͘ DĂƌŬĞƚƌĂƚĞƵŶŝƚƐĐŽŶƐŝƐƚŽĨƚŚĞůĂƌŐĞƐƚŶƵŵďĞƌŽĨƐƵƌǀĞǇĞĚƌĞŶƚĂůƵŶŝƚƐŝŶƚŚĞKůŵƐƚĞĚ x ŽƵŶƚǇDĂƌŬĞƚƌĞĂǁŝƚŚĂƚŽƚĂůŽĨϭϬ͕ϬϯϱƵŶŝƚƐ;ϳϴйͿĨŽůůŽǁĞĚďǇƐŚĂůůŽǁƐƵďƐŝĚǇ ;ĂĨĨŽƌĚĂďůĞͿƵŶŝƚƐĂƚϭϴй;Ϯ͕ϯϰϬƵŶŝƚƐͿ͕ĂŶĚĚĞĞƉͲƐƵďƐŝĚǇƵŶŝƚƐĂƚŽŶůǇϱй;ϲϰϵƵŶŝƚƐͿ͘ dŚĞŽǀĞƌĂůůǀĂĐĂŶĐǇƌĂƚĞŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝƐϯ͘ϭйǁŚŝĐŚĨĂůůƐďĞůŽǁƚŚĞ x ƌĞĐŽŵŵĞŶĚĞĚŵĂƌŬĞƚĞƋƵŝůŝďƌŝƵŵŽĨϱ͘ϬйƚŽƉƌŽǀŝĚĞĂŚĞĂůƚŚǇƌĞŶƚĂůŵĂƌŬĞƚ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϵϯ ZEd>,Kh^/E'E>z^/^ tŚŝůĞĂŶŽǀĞƌĂůůŵĂƌŬĞƚĞƋƵŝůŝďƌŝƵŵŽĨϱ͘ϬйŝƐƐƚĂŶĚĂƌĚ͕ǁŚĞŶĂƐƐĞƐƐŝŶŐĂĨĨŽƌĚĂďůĞĂŶĚ x ƐƵďƐŝĚŝǌĞĚŚŽƵƐŝŶŐ͕ĂŵĂƌŬĞƚĞƋƵŝůŝďƌŝƵŵŽĨϯ͘ϬйŝƐƵƐĞĚĚƵĞƚŽƚŚĞŚŝŐŚĞƌŶĞĞĚĨŽƌŝŶĐŽŵĞ ƌĞƐƚƌŝĐƚĞĚŚŽƵƐŝŶŐ͘^ŚĂůůŽǁͲƐƵďƐŝĚǇ;ĂĨĨŽƌĚĂďůĞͿŚŽƵƐŝŶŐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚ ƌĞĂǁĂƐƐƵƌǀĞǇĞĚĂƚϰ͘ϱйǁŚŝĐŚŝƐĂďŽǀĞƐƵŐŐĞƐƚĞĚŵĂƌŬĞƚĞƋƵŝůŝďƌŝƵŵǁŚŝůĞĚĞĞƉͲƐƵďƐŝĚǇ ;ƐƵďƐŝĚŝǌĞĚͿŚŽƵƐŝŶŐǁĂƐƐƵƌǀĞǇĞĚĂƚϭ͘Ϯй͕ǁĞůůďĞůŽǁĞƋƵŝůŝďƌŝƵŵ͘ dŽƚĂůhŶŝƚƐΘsĂĐĂŶĐǇZĂƚĞďǇ/ŶĐŽŵĞ>ĞǀĞů KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ϭϮ͕ϬϬϬϱ͘Ϭй ϰ͘ϱй ϰ͘ϱй ϭϬ͕ϬϬϬ ϰ͘Ϭй ϭϬ͕Ϭϯϱ dŽƚĂůhŶŝƚƐsĂĐĂŶĐǇZĂƚĞ ϯ͘ϱй ϴ͕ϬϬϬ ϯ͘Ϭй sĂĐĂŶĐǇZĂƚĞ Ϯ͘ϵй hŶŝƚƐ ϲ͕ϬϬϬϮ͘ϱй Ϯ͘Ϭй ϰ͕ϬϬϬ ϭ͘ϱй ϭ͘Ϯй ϭ͘Ϭй Ϯ͕ϬϬϬ Ϯ͕ϯϰϬϱϵϯ Ϭ͘ϱй ϬϬ͘Ϭй DĂƌŬĞƚZĂƚĞĨĨŽƌĚĂďůĞ^ƵďƐŝĚŝǌĞĚ ƐƐŚŽǁŶŝŶƚŚĞĐŚĂƌƚďĞůŽǁ͕ŽƚŚĞƌƚŚĂŶƚŚĞŚĂƚĨŝĞůĚ;ϲ͘ϬйͿĂŶĚĂƐƚ^ƵďŵĂƌŬĞƚƐ;ϱ͘ϴйͿ͕ x ƚŚĞƌĞŵĂŝŶŝŶŐƐƵďŵĂƌŬĞƚƐĨĂůůĂƌĞďĞůŽǁƚŚĞŽǀĞƌĂůůŵĂƌŬĞƚĞƋƵŝůŝďƌŝƵŵŽĨϱ͘Ϭй͘ dŽƚĂůhŶŝƚƐΘsĂĐĂŶĐǇZĂƚĞǇ^ƵďŵĂƌŬĞƚ ϭϰ͕ϬϬϬϳ͘Ϭй ϲ͘Ϭй ϱ͘ϴй ϭϮ͕ϬϬϬϲ͘Ϭй ϭϮ͕ϭϴϲ ϭϬ͕ϬϬϬϱ͘Ϭй sĂĐĂŶĐǇZĂƚĞ dŽƚĂůhŶŝƚƐsĂĐĂŶĐǇZĂƚĞ ϴ͕ϬϬϬϰ͘Ϭй hŶŝƚƐ ϯ͘Ϯй ϲ͕ϬϬϬϯ͘Ϭй ϰ͕ϬϬϬϮ͘Ϭй ϭ͘ϭй Ϭ͘ϳй Ϭ͘ϳй Ϯ͕ϬϬϬϭ͘Ϭй ϭϴϰ ϭϬϰ Ϯϳϲ ϭϱϭ ϲϳ Ϭ ϬϬ͘Ϭй ǇƌŽŶ^Ƶď͘ŚĂƚĨŝĞůĚĂƐƚ^Ƶď͘EŽƌƚŚ^Ƶď͘ZŽĐŚĞƐƚĞƌZŽĐŚ͘&ƌŝŶŐĞ^ƚĞǁĂƌƚǀŝůůĞ ^Ƶď͘^Ƶď͘^Ƶď͘^Ƶď͘ Ϫώ(ƄèīŪîôώŕŘĺŕôŘťĖôŜĖĲώĖĲĖťĖÍīώīôÍŜôϱŪŕώŕēÍŜô Dy&/>Z^Z,ΘKE^h>d/E'ϵϰ ZEd>,Kh^/E'E>z^/^ ZŽĐŚĞƐƚĞƌŚĂƐƚŚĞůĂƌŐĞƐƚƐƵƉƉůǇŽĨŐĞŶĞƌĂůŽĐĐƵƉĂŶĐǇƌĞŶƚĂůŚŽƵƐŝŶŐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇ x DĂƌŬĞƚƌĞĂǁŝƚŚĂƚŽƚĂůŽĨϭϮ͕ϭϴϲƵŶŝƚƐƐƵƌǀĞǇĞĚ͘dŚĞEŽƌƚŚǁĞƐƚƋƵĂĚƌĂŶƚŽĨZŽĐŚĞƐƚĞƌ͕ 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sĂůůĞǇ,ŝŐŚƉĂƌƚŵĞŶƚƐϮϬϬϬZŽĐŚĞƐƚĞƌEtϮϰ ZŽǇĂůKĂŬƐƉĂƌƚŵĞŶƚƐϭϵϵϳZŽĐŚĞƐƚĞƌEtϮϰ ĂŶĚĞůů,ŝůůƐdŽǁŶŚŽŵĞƐϭϵϵϲZŽĐŚĞƐƚĞƌEtϮϱ dŚĞsŝůůĂŐĞƐĂƚƐƐĞǆWůĂĐĞϭϵϵϭZŽĐŚĞƐƚĞƌEtϭϰϰ ŽŶƚŝŶƵĞĚ Dy&/>Z^Z,ΘKE^h>d/E'ϵϲ ZEd>,Kh^/E'E>z^/^ d>ZͲϮ;ŽŶƚ͘Ϳ 'EZ>KhWEzZEd>,Kh^/E's>KWDEd^;ϮϬͲƵŶŝƚƐнͿ K>D^dKhEdzDZ<dZ YϭϮϬϮϱ zĞĂƌ WƌŽũĞĐƚEĂŵĞƵŝůƚΎŝƚǇYƵĂĚƌĂŶƚhŶŝƚƐ ^ŚĂůůŽǁͲ^ƵďƐŝĚǇ;ŽŶƚ͘Ϳ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ EŽƌƚŚĞƌŶ,ĞŝŐŚƚƐϮϬϮϯZŽĐŚĞƐƚĞƌEϲϲ ĞŶƚƵƌǇ,ĞŝŐŚƚƐϮϬϮϬZŽĐŚĞƐƚĞƌEϳϲ ZŝǀĞƌ'ůĞŶϮϬϭϵZŽĐŚĞƐƚĞƌEϭϮϴ dŚĞZŝǀĞƌǁĂůŬƉĂƌƚŵĞŶƚƐϮϬϭϵZŽĐŚĞƐƚĞƌEϰϱ ϭƐƚǀĞŶƵĞ&ůĂƚƐΔϮϬϭϳZŽĐŚĞƐƚĞƌEϲϴ ϭϵϳϭ dŚĞ^ƋƵĂƌĞŽŶϯϭƐƚZŽĐŚĞƐƚĞƌEϵ ĂƐƚŐĂƚĞϮϬϭϵZŽĐŚĞƐƚĞƌ^ϭϰϰ &ůĂƚƐŽŶϰƚŚΔϮϬϭϴZŽĐŚĞƐƚĞƌ^ϭϵ dŚĞDĞĂĚŽǁƐϮϬϭϲZŽĐŚĞƐƚĞƌ^ϱϰ sŝůůĂŐĞŽŶϯƌĚϮϬϬϳZŽĐŚĞƐƚĞƌ^ϲϲ ĞŶƚĞƌ^ƚƌĞĞƚsŝůůĂŐĞϭϵϳϲZŽĐŚĞƐƚĞƌ^ϯϲ ,ŽŵĞƐƚĞĂĚsŝůůĂŐĞdŽǁŶŚŽŵĞƐϭϵϲϭZŽĐŚĞƐƚĞƌ^ϭϬϮ ZĞƐŝĚĞŶĐǇΛŝƐĐŽǀĞƌǇ^ƋƵĂƌĞΔϮϬϭϵZŽĐŚĞƐƚĞƌ^tϮϵ ĞĂƌƌĞĞŬĂŵƉƵƐϮϬϭϴZŽĐŚĞƐƚĞƌ^tϰϯ ZŽĐŚĞƐƚĞƌ^ƵďƚŽƚĂůϮ͕Ϯϰϰ ǇƌŽŶ^ƵďŵĂƌŬĞƚ ϭϵϵϱ sĂůůĞǇǀŝĞǁƐƚĂƚĞƐǇƌŽŶǇƌŽŶϰϴ ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚ ϭϵϵϵ DŝůůWŽŶĚdŽǁŶŚŽŵĞƐŚĂƚĨŝĞůĚĂƐƚϮϰ EŽƌƚŚ^ƵďŵĂƌŬĞƚ tĂǌƵǁĞĞƚĂtŽŽĚƐEŽƌƚŚϮϰ ϮϬϬϮ WŝŶĞ/ƐůĂŶĚ ^ŚĂůůŽǁͲ^ƵďƐŝĚǇdŽƚĂůϮ͕ϯϰϬ DĂƌŬĞƚZĂƚĞ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ ^ŝůǀĞƌ>ĂŬĞƌŽƐƐŝŶŐϮϬϮϰZŽĐŚĞƐƚĞƌEϭϭϮ ĞŶĂŝĂŚŽŶƌŽĂĚǁĂǇϮϬϮϯZŽĐŚĞƐƚĞƌEϮϳ ZŝǀĞƌ'ůĞŶϮϬϭϵZŽĐŚĞƐƚĞƌEϴϬ ZŝǀĞƌǁĂůŬƉĂƌƚŵĞŶƚƐϮϬϭϵZŽĐŚĞƐƚĞƌEϭϬϳ ŝǀŝĐ^ƋƵĂƌĞƉĂƌƚŵĞŶƚƐΔϭϵϵϭZŽĐŚĞƐƚĞƌEϭϮϰ KůǇŵƉŝŬsŝůůĂŐĞϭϵϳϲZŽĐŚĞƐƚĞƌEϭϰϬ &ĂƌWĂƌŬƉĂƌƚŵĞŶƚƐϭϵϲϴZŽĐŚĞƐƚĞƌEϮϳ ŽŶƚŝŶƵĞĚ Dy&/>Z^Z,ΘKE^h>d/E'ϵϳ ZEd>,Kh^/E'E>z^/^ d>ZͲϮ;ŽŶƚ͘Ϳ 'EZ>KhWEzZEd>,Kh^/E's>KWDEd^;ϮϬͲƵŶŝƚƐнͿ K>D^dKhEdzDZ<dZ YϭϮϬϮϱ zĞĂƌ WƌŽũĞĐƚEĂŵĞƵŝůƚΎŝƚǇYƵĂĚƌĂŶƚhŶŝƚƐ ^ŚĂůůŽǁͲ^ƵďƐŝĚǇ;ŽŶƚ͘Ϳ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ;ŽŶƚ͘Ϳ ZĞƐŝĚĞŶĐǇΛŝƐĐŽǀĞƌǇ^ƋƵĂƌĞΔϮϬϭϵZŽĐŚĞƐƚĞƌ^tϮϵ ĞĂƌƌĞĞŬĂŵƉƵƐϮϬϭϴZŽĐŚĞƐƚĞƌ^tϰϯ ZŽĐŚĞƐƚĞƌ^ƵďƚŽƚĂůϮ͕Ϯϰϰ ǇƌŽŶ^ƵďŵĂƌŬĞƚ ϭϵϵϱ sĂůůĞǇǀŝĞǁƐƚĂƚĞƐǇƌŽŶǇƌŽŶϰϴ ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚ ϭϵϵϵ DŝůůWŽŶĚdŽǁŶŚŽŵĞƐŚĂƚĨŝĞůĚĂƐƚϮϰ ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚ tĂǌƵǁĞĞƚĂtŽŽĚƐEŽƌƚŚϮϰ ϮϬϬϮ WŝŶĞ/ƐůĂŶĚ ^ŚĂůůŽǁͲ^ƵďƐŝĚǇdŽƚĂůϮ͕ϯϰϬ DĂƌŬĞƚZĂƚĞ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ ^ŝůǀĞƌ>ĂŬĞƌŽƐƐŝŶŐϮϬϮϰZŽĐŚĞƐƚĞƌEϭϭϮ ĞŶĂŝĂŚŽŶƌŽĂĚǁĂǇϮϬϮϯZŽĐŚĞƐƚĞƌEϮϳ ŝǀŝĐ^ƋƵĂƌĞƉĂƌƚŵĞŶƚƐΔϭϵϵϭZŽĐŚĞƐƚĞƌEϭϮϰ KůǇŵƉŝŬsŝůůĂŐĞϭϵϳϲZŽĐŚĞƐƚĞƌEϭϰϬ &ĂƌWĂƌŬƉĂƌƚŵĞŶƚƐϭϵϲϴZŽĐŚĞƐƚĞƌEϮϳ 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dŚĞWŝŶĞƐŽĨZŽĐŚĞƐƚĞƌϮϬϭϳZŽĐŚĞƐƚĞƌEtϭϵϮ <ĂƐĐĂĚĞWůĂĐĞϮϬϭϲZŽĐŚĞƐƚĞƌEtϵϲ dŚĞWĂƌŬϮϬϭϲZŽĐŚĞƐƚĞƌEtϳϱ ĂƐĐĂĚĞƉĂƌŵĞŶƚƐϮϬϭϲZŽĐŚĞƐƚĞƌEtϰϰ EƵĞϱϮϮϬϭϲZŽĐŚĞƐƚĞƌEtϴϯ YƵĂƌƌǇZŝĚŐĞƉĂƌƚŵĞŶƚƐ ϮϬϭϮZŽĐŚĞƐƚĞƌEtϯϭϯ ZŝǀĞƌƐĚŐĞƉĂƌƚŵĞŶƚƐϮϬϬϯϯϵ ZŽĐŚĞƐƚĞƌEt ǀĂůŽŶŽǀĞdŽǁŶŚŽŵĞƐ ϮϬϬϮZŽĐŚĞƐƚĞƌEtϭϴϴ ƌŽǁŶƉĂƌƚŵĞŶƚƐϮϬϬϭZŽĐŚĞƐƚĞƌEtϰϴ dŚĞƌŝƚƚĂŶǇΖƐdŽǁŶŚŽŵĞƐϮϬϬϭZŽĐŚĞƐƚĞƌEtϵϴ 'ĞŽƌŐĞƚŽǁŶ,ŽŵĞƐϮϬϬϭZŽĐŚĞƐƚĞƌEtϱϭ ^ƵŶƐĞƚdƌĂŝůƉĂƌƚŵĞŶƚƐϮϬϬϬZŽĐŚĞƐƚĞƌEtϭϰϲ dŚĞsŝůůĂŐĞĂƚƐƐĞǆWĂƌŬϭϵϵϵZŽĐŚĞƐƚĞƌEtϭϰϰ &ƌĞŶĐŚƌĞĞŬƉĂƌƚŵĞŶƚƐϭϵϵϭZŽĐŚĞƐƚĞƌEtϰϬ :ŽƌĚĂŶDŝůůƐϭϵϵϬZŽĐŚĞƐƚĞƌEtϭϭϵ :ŽƌĚĂŶƌĞĞŬϭϵϴϲZŽĐŚĞƐƚĞƌEtϲϮ 'ƌĞĞŶƌďŽƌŽŵŵŽŶƐϭϵϳϴZŽĐŚĞƐƚĞƌEtϰϰ ^Ƶŵŵŝƚ^ƋƵĂƌĞϭϵϳϱZŽĐŚĞƐƚĞƌEtϭϱϬ ĞƌŬƐŚŝƌĞsŝůůĂŐĞϭϵϳϰZŽĐŚĞƐƚĞƌEtϵϬ ZŽĐŚĞƐƚĞƌ,ĞŝŐŚƚƐϭϵϳϰZŽĐŚĞƐƚĞƌEtϭϲϭ sŝůůĂŐĞ'ƌĞĞŶdŽǁŶŚŽŵĞƐϭϵϳϮZŽĐŚĞƐƚĞƌEtϯϲ 'ĂƚĞƐŽĨZŽĐŚĞƐƚĞƌϭϵϳϭZŽĐŚĞƐƚĞƌEtϰϭϮ tŝŶĐŚĞƐƚĞƌƉĂƌƚŵĞŶƚƐϭϵϳϬZŽĐŚĞƐƚĞƌEtϭϭϱ ŽŶƚŝŶƵĞĚ Dy&/>Z^Z,ΘKE^h>d/E'ϵϵ ZEd>,Kh^/E'E>z^/^ d>ZͲϮ;ŽŶƚ͘Ϳ 'EZ>KhWEzZEd>,Kh^/E's>KWDEd^;ϮϬͲƵŶŝƚƐнͿ K>D^dKhEdzDZ<dZ YϭϮϬϮϱ zĞĂƌ WƌŽũĞĐƚEĂŵĞƵŝůƚΎŝƚǇYƵĂĚƌĂŶƚhŶŝƚƐ DĂƌŬĞƚZĂƚĞ;ŽŶƚ͘ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ;ŽŶƚ͘Ϳ 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Ϯ͘ϴй ϭϳϴϰ͘ϱйϰϭϰϬ͘ϳйϭϬ͕ϲϯϴϯ͘Ϯй ZŽĐŚĞƐƚĞƌΔϴ͕Ϭϰϲϯ͘ϬйϮ͕ dŽƚĂůΎΎϭϬ͕Ϭϯϱϳ͘ϵйϮ͕ϯϰϬϱ͘ϭйϱϵϯϭ͘ϮйϭϮ͕ϵϲϴϳ͘ϭй dŽƚĂůΔϴ͕ϱϱϯϮ͘ϵйϮ͕Ϯϳϰϰ͘ϱйϱϵϯϭ͘Ϯйϭϭ͕ϰϮϬϯ͘ϭй ΎsĂĐĂŶĐǇƌĂƚĞƐďĂƐĞĚŽŶƉĂƌƚŝƉĂƚŝŶŐƉƌŽƉĞƌƚŝĞƐ͘ ΎΎ/ŶĐůƵĚĞƐƉƌŽƉĞƌƚŝĞƐŝŶŝŶŝƚŝĂůůĞĂƐĞƵƉ͘ ΔǆĐůƵĚĞƐƉƌŽƉĞƌƚŝĞƐŝŶŝŶŝƚŝĂůůĞĂƐĞƵƉ͘ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ DĂƌŬĞƚZĂƚĞWƌŽƉĞƌƚŝĞƐ^ƵƌǀĞǇĞĚ dŚĞƌĞŚĂǀĞďĞĞŶϭϭŶĞǁŵĂƌŬĞƚƌĂƚĞƌĞŶƚĂůďƵŝůĚŝŶŐƐĐŽŶƐƚƌƵĐƚĞĚƐŝŶĐĞƚŚĞϮϬϮϬƐƚƵĚǇŝŶ x ƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘ůůďƵƚŽŶĞƉƌŽƉĞƌƚǇ;ĞĂƌƉĂƚŚƉĂƌƚŵĞŶƚƐŝŶǇƌŽŶͿǁĂƐ ůŽĐĂƚĞĚŝŶZŽĐŚĞƐƚĞƌ͘ dŚĞŶƵŵďĞƌŽĨŵĂƌŬĞƚƌĂƚĞƵŶŝƚƐĂĚĚĞĚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂƐŝŶĐĞƚŚĞϮϬϮϬ x ƐƚƵĚǇƚŽƚĂůĞĚϭ͕ϱϮϵƵŶŝƚƐ͘dŚĞŝƚǇŽĨZŽĐŚĞƐƚĞƌĂĚĚĞĚϭ͕ϰϴϮŽĨƚŚĞƐĞŶĞǁƵŶŝƚƐǁŚŝůĞƚŚĞ ŽŶůǇƉƌŽũĞĐƚŽƵƚƐŝĚĞŽĨZŽĐŚĞƐƚĞƌ͕ĂĚĚĞĚϰϳĂĚĚŝƚŝŽŶĂůƵŶŝƚƐƚŽƚŚĞDĂƌŬĞƚƌĞĂ͘ ^ŝŶĐĞϮϬϭϬ͕ƚŚĞƌĞŚĂƐďĞĞŶϲ͕ϵϵϴŵĂƌŬĞƚƌĂƚĞƌĞŶƚĂůƵŶŝƚƐĂĚĚĞĚƚŽƚŚĞDĂƌŬĞƚƌĞĂǁŚŝĐŚ x ŝƐŵŽƌĞƚŚĂŶƚŚĞĂŵŽƵŶƚĂĚĚĞĚĚƵƌŝŶŐƚŚĞƉƌĞǀŝŽƵƐĨŝǀĞĚĞĐĂĚĞƐĐŽŵďŝŶĞĚ͕ǁŚŝĐŚƚŽƚĂůĞĚ ƌŽƵŐŚůǇϱ͕ϱϴϬƵŶŝƚƐ͘ ZŽĐŚĞƐƚĞƌĂĐĐŽƵŶƚƐĨŽƌϵϴйŽĨƚŚĞŶĞǁůǇĚĞǀĞůŽƉĞĚƵŶŝƚƐĨƌŽŵϮϬϭϬƚŽƉƌĞƐĞŶƚǁŝƚŚƚŚĞ x ZĞŵĂŝŶĚĞƌŽĨƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŽŶůǇĂĚĚŝŶŐϭϰϯƵŶŝƚƐ͘ 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ůĞĂƐĞͲƵƉƉĞƌŝŽĚ͕ƚŚĞǀĂĐĂŶĐǇƌĂƚĞĨĂůůƐϮ͘ϵй;ϮϰϲǀĂĐĂŶƚƵŶŝƚƐͿ͘ ϮϬϮϬ^ƚƵĚǇϮϬϮϱ^ƚƵĚǇ sĂĐĂŶĐǇZĂƚĞϱ͘ϭйϮ͘ϵй dŚĞŵĂƌŬĞƚĞƋƵŝůŝďƌŝƵŵƌĂƚĞĨŽƌŵĂƌŬĞƚƌĂƚĞƉƌŽƉĞƌƚŝĞƐŝƐĐŽŶƐŝĚĞƌĞĚĂƐϱйƚŽĂůůŽǁĨŽƌƵŶŝƚ x ƚƵƌŶŽǀĞƌĂŶĚĂĚĞƋƵĂƚĞƉƌŽƉĞƌƚǇĐŚŽŝĐĞĨŽƌƌĞŶƚĞƌƐ͘dŚŝƐŝŶĚŝĐĂƚĞƐƐŽŵĞƉĞŶƚͲƵƉĚĞŵĂŶĚ ĨŽƌŶĞǁŵĂƌŬĞƚƌĂƚĞƌĞŶƚĂůŚŽƵƐŝŶŐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘/ƚŝƐŝŵƉŽƌƚĂŶƚƚŽ ŶŽƚĞƚŚĂƚƚŚĞƌĞĂƌĞϱϰϲǀĂĐĂŶƚƵŶŝƚƐŝŶŶĞǁůǇĐŽŵƉůĞƚĞĚŵĂƌŬĞƚŝŶŐƉƌŽũĞĐƚƐƚŚĂƚŶĞĞĚƚŽďĞ ĂďƐŽƌďĞĚ͘ DĂƌŬĞƚZĂƚĞǀŐ͘ZĞŶƚĂŶĚǀŐ͘W^& KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ Ψϯ͕ϱϬϬΨϯ͘ϬϬ ǀŐ͘ZĞŶƚ ǀŐ͘W^& Ψϯ͕ϬϬϬ ΨϮ͘ϱϬ ΨϮ͘ϰϭ ΨϮ͕ϱϬϬ ΨϮ͘Ϭϱ ΨϮ͘ϬϬ Ψϭ͘ϵϬ Ψϭ͘ϴϵ ΨϮ͕ϴϲϰ ǀŐ͘ZĞŶƚ ΨϮ͕ϬϬϬ ǀŐ͘W^& Ψϭ͘ϯϳ Ψϭ͘ϱϮ Ψϭ͘ϱϬ Ψϭ͘Ϯϱ Ψϭ͕ϳϱϮ Ψϭ͕ϱϬϬ Ψϭ͕ϱϰϮΨϭ͕ϳϮϮ Ψϭ͘ϬϬ Ψϭ͕ϱϵϵ Ψϭ͕ϯϱϴ Ψϭ͕Ϯϭϱ Ψϭ͕ϬϬϬ ΨϬ͘ϱϬ ΨϱϬϬ ΨϬΨϬ͘ϬϬ ĨĨŝĐŝĞŶĐǇϭZϭZнϮZϮZнϯZϰZ hŶŝƚdǇƉĞ Dy&/>Z^Z,ΘKE^h>d/E'ϭϬϱ ZEd>,Kh^/E'E>z^/^ dŚĞĨŽůůŽǁŝŶŐŝƐƚŚĞŵŽŶƚŚůǇĂǀĞƌĂŐĞŵĂƌŬĞƚƌĂƚĞƌĞŶƚĂŶĚƌĞŶƚƉĞƌƐƋƵĂƌĞĨŽŽƚĨŽƌĞĂĐŚ x ƵŶŝƚƚǇƉĞ͗ YϭϮϬϮϱϮϬϮϬͺͺͺͺͺͺ R^ƚƵĚŝŽͬĨĨŝĐŝĞŶĐǇƵŶŝƚƐ͗ǀŐ͘Ψϭ͕ϮϭϱͮΨϮ͘ϰϭǀŐ͘Ψϭ͕ϬϰϳͮΨϮ͘Ϭϲ R KŶĞͲďĞĚƌŽŽŵƵŶŝƚƐ͗ǀŐ͘Ψϭ͕ϯϱϴͮΨϭ͘ϴϵǀŐ͘Ψϭ͕ϭϯϲͮΨϭ͘ϱϱ R dǁŽͲďĞĚƌŽŽŵƵŶŝƚƐ͗ǀŐ͘Ψϭ͕ϱϰϮͮΨϭ͘ϱϮǀŐ͘Ψϭ͕ϮϵϲͮΨϭ͘Ϯϱ R dŚƌĞĞͲďĞĚƌŽŽŵƵŶŝƚƐ͗ǀŐ͘Ψϭ͕ϳϮϮͮΨϭ͘ϯϳǀŐ͘Ψϭ͕ϱϱϮͮΨϬ͘ϴϲ R&ŽƵƌͲďĞĚƌŽŽŵƵŶŝƚƐ͗ǀŐ͘Ψϭ͕ϱϵϵͮΨϭ͘ϮϱǀŐ͘Ψϭ͕ϱϭϬͮΨϭ͘ϱϳ DĂƌŬĞƚZĂƚĞZĞŶƚĂůKǀĞƌĂůůǀĞƌĂŐĞZĞŶƚ ϮϬϮϬǀƐ͘ϮϬϮϱ Ψϭ͕ϲϬϬ ϮϬϮϬϮϬϮϱ Ψϭ͕ϱϬϬ Ψϭ͕ϱϭϰ Ψϭ͕ϰϴϲ Ψϭ͕ϰϳϮ Ψϭ͕ϰϬϬ Ψϭ͕ϯϬϬ Ψϭ͕ϮϬϬ Ψϭ͕Ϯϲϱ Ψϭ͕Ϯϱϴ Ψϭ͕ϮϭϬΨϭ͕ϮϭϬ Ψϭ͕ϭϬϬ Ψϭ͕Ϭϴϱ Ψϭ͕ϬϬϬ ΨϵϬϬ Ψϵϲϴ ΨϵϱϴΨϵϱϴ ΨϴϬϬ Ψϲϵϯ ΨϳϬϬ ΨϳϯϬ ΨϲϬϬ ǇƌŽŶŚĂƚĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌ^ƚĞǁĂƌƚǀŝůůĞZŽĐŚĞƐƚĞƌKůŵƐƚĞĚ &ƌŝŶŐĞŽƵŶƚǇD ^ŚĂůůŽǁͲƐƵďƐŝĚǇ;ĨĨŽƌĚĂďůĞͿ ^ŚĂůůŽǁͲƐƵďƐŝĚǇƌĞŶƚĂůƉƌŽƉĞƌƚŝĞƐŚŝƐƚŽƌŝĐĂůůǇĂƌĞŽĨƚĞŶĨƵŶĚĞĚǀŝĂƚŚĞ>ŽǁͲ/ŶĐŽŵĞ,ŽƵƐŝŶŐ x dĂǆƌĞĚŝƚ;>/,dͿƉƌŽŐƌĂŵŝŶǁŚŝĐŚƚŚĞĨĞĚĞƌĂůŐŽǀĞƌŶŵĞŶƚŝƐƐƵĞƐƚĂǆĐƌĞĚŝƚƐ;ϵйΘϰйͿ͕ ǁŚŝĐŚĂƌĞĂǁĂƌĚĞĚďǇƚŚĞƐƚĂƚĞŚŽƵƐŝŶŐĂŐĞŶĐǇ;D,&ʹDŝŶŶĞƐŽƚĂ,ŽƵƐŝŶŐ&ŝŶĂŶĐĞ ŐĞŶĐǇͿĨŽƌĂϭϬͲǇĞĂƌƌĞĚƵĐƚŝŽŶŝŶƚĂǆůŝĂďŝůŝƚǇǁŝƚŚĂƐƚŝƉƵůĂƚŝŽŶƚŚĂƚƌĞŶƚƐĂƌĞŬĞƉƚ ĂĨĨŽƌĚĂďůĞĨŽƌϭϱǇĞĂƌƐ͘ZĞĐĞŶƚĚĞǀĞůŽƉŵĞŶƚƐŝŶƚŚĞĐŽƵŶƚǇŚĂǀĞƐŚŝĨƚĞĚƚŽŽĨĨĞƌŝŶŐ ĂĨĨŽƌĚĂďůĞƵŶŝƚƐďĂƐĞĚŽŶd/&;dĂǆ/ŶĐƌĞŵĞŶƚ&ŝŶĂŶĐŝŶŐͿĨƵŶĚŝŶŐƚŚƌŽƵŐŚůŽĐĂůĐŽŵŵƵŶŝƚŝĞƐ͘ ĨĨŽƌĚĂďůĞƌĞŶƚƐĂƌĞŬĞƉƚůŽǁďĂƐĞĚŽŶĂƚŝŵĞĨƌĂŵĞƐƚŝƉƵůĂƚĞĚďǇƚŚĞůŽĐĂůŐŽǀĞƌŶŵĞŶƚƚŚĂƚ ƉƌŽǀŝĚĞƚŚĞd/&͘ ZĞŶƚƐĂƚĂĨĨŽƌĚĂďůĞĚĞǀĞůŽƉŵĞŶƚƐŚĂǀĞŝŶĐŽŵĞƋƵĂůŝĨŝĐĂƚŝŽŶƐŐĞŶĞƌĂůůǇƉůĂĐĞĚĂƚϲϬйŽĨƚŚĞ x ĂƌĞĂŵĞĚŝĂŶŝŶĐŽŵĞ;D/ͿǁŝƚŚƌĞŶƚƐƐĞƚďĞƚǁĞĞŶϯϬйĂŶĚϲϬйŽĨD/͘ƐŵĂůůŶƵŵďĞƌŽĨ ĂĨĨŽƌĚĂďůĞĚĞǀĞůŽƉŵĞŶƚƐŵĂǇŚĂǀĞŝŶĐŽŵĞƌĞƐƚƌŝĐƚŝŽŶƐĂƚϰϬй͕ϱϬй͕ŽƌϴϬйŽĨD/͘dŚĞ ŵĂũŽƌŝƚǇŽĨĂĨĨŽƌĚĂďůĞĚĞǀĞůŽƉŵĞŶƚƐƐƵƌǀĞǇĞĚŚĂǀĞŝŶĐŽŵĞƌĞƐƚƌŝĐƚŝŽŶƐĂƚϲϬйŽĨD/͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϬϲ ZEd>,Kh^/E'E>z^/^ dŚĞĨŽůůŽǁŝŶŐŝƐƚŚĞŵŽŶƚŚůǇĂǀĞƌĂŐĞĂĨĨŽƌĚĂďůĞƌĞŶƚĂŶĚƌĞŶƚƉĞƌƐƋƵĂƌĞĨŽŽƚĨŽƌĞĂĐŚƵŶŝƚ x ƚǇƉĞ͗ YϭϮϬϮϱYϮϮϬϮϬͺͺͺͺ R^ƚƵĚŝŽͬĨĨŝĐŝĞŶĐǇƵŶŝƚƐ͗ǀŐ͘Ψϭ͕ϭϬϯͮΨϮ͘ϭϬǀŐ͘ΨϵϭϲͮΨϭ͘ϲϯ R KŶĞͲďĞĚƌŽŽŵƵŶŝƚƐ͗ǀŐ͘Ψϭ͕ϬϯϮͮΨϭ͘ϰϵǀŐ͘ΨϳϬϬͮΨϬ͘ϵϵ R dǁŽͲďĞĚƌŽŽŵƵŶŝƚƐ͗ǀŐ͘Ψϭ͕ϯϮϭͮΨϭ͘ϯϭǀŐ͘ΨϵϲϱͮΨϬ͘ϵϭ R dŚƌĞĞͲďĞĚƌŽŽŵƵŶŝƚƐ͗ǀŐ͘Ψϭ͕ϱϲϮͮΨϭ͘ϮϲǀŐ͘Ψϭ͕ϬϵϬͮΨϬ͘ϴϮ R&ŽƵƌͲďĞĚƌŽŽŵƵŶŝƚƐ͗ǀŐ͘Ψϭ͕ϮϱϴͮΨϭ͘ϬϴǀŐ͘ΨϵϮϬͮΨϬ͘ϲϰ ĨĨŽƌĚĂďůĞZĞŶƚĂůKǀĞƌĂůůǀĞƌĂŐĞZĞŶƚ ϮϬϮϬǀƐ͘ϮϬϮϱ Ψϭ͕ϰϬϬ ϮϬϮϬϮϬϮϱ Ψϭ͕ϯϬϬ Ψϭ͕Ϯϵϱ Ψϭ͕Ϯϴϵ Ψϭ͕ϮϬϬ Ψϭ͕Ϯϭϯ Ψϭ͕ϭϬϬ Ψϭ͕ϭϭϯ Ψϭ͕ϭϬϰ Ψϭ͕ϬϬϬ ΨϵϬϬ ΨϵϮϵ ΨϵϮϬ ΨϴϬϬ ΨϴϮϬ ΨϳϬϬ Ψϳϰϴ ΨϳϮϮ ΨϲϬϬ ǇƌŽŶŚĂƚĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌ^ƚĞǁĂƌƚǀŝůůĞZŽĐŚĞƐƚĞƌKůŵƐƚĞĚ &ƌŝŶŐĞŽƵŶƚǇD dŚĞƌĞĂƌĞϯϴƐŚĂůůŽǁͲƐƵďƐŝĚǇ;ĂĨĨŽƌĚĂďůĞͿƉƌŽƉĞƌƚŝĞƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ x ǁŝƚŚϮ͕ϯϰϬƚŽƚĂůƵŶŝƚƐ͘dŚĞƌĞǁĞƌĞϭϬϮǀĂĐĂŶƚƵŶŝƚƐŝŶƚŽƚĂů;ϭϮϬŝŶĐůƵĚŝŶŐƵŶŝƚƐŝŶŝŶŝƚŝĂů ůĞĂƐĞͲƵƉͿĂƐŽĨYϭϮϬϮϱĨŽƌĂŶŽǀĞƌĂůůǀĂĐĂŶĐǇƌĂƚĞŽĨϰ͘ϱй͘dŚŝƐŝƐŚŝŐŚĞƌǁŚĞŶĐŽŵƉĂƌĞĚ ƚŽƚŚĞƉƌĞǀŝŽƵƐƐƚƵĚǇŝŶϮϬϮϬĂƚϮ͘ϴй͘ dǇƉŝĐĂůůǇ͕ĂĨĨŽƌĚĂďůĞƌĞŶƚĂůƉƌŽƉĞƌƚŝĞƐƐŚŽƵůĚďĞĂďůĞƚŽŵĂŝŶƚĂŝŶǀĂĐĂŶĐǇƌĂƚĞƐŽĨϯйŽƌůĞƐƐ x ŝŶŵŽƐƚŚŽƵƐŝŶŐŵĂƌŬĞƚƐ͘dŚĞƌĞǁĞƌĞŵĂŶǇƉƌŽƉĞƌƚŝĞƐǁŝƚŚŶŽǀĂĐĂŶƚƵŶŝƚƐĂŶĚƐŵĂůů ǁĂŝƚůŝƐƚƐďƵƚĂůƐŽĂŶƵŵďĞƌŽĨƉƌŽƉĞƌƚŝĞƐǁŝƚŚǀĂĐĂŶĐŝĞƐǁĞůůĂďŽǀĞŵĂƌŬĞƚĞƋƵŝůŝďƌŝƵŵ͘ ^ŝŶĐĞƚŚĞKs/ͲϭϵƉĂŶĚĞŵŝĐǁĞŚĂǀĞďĞĞŶǁŝƚŶĞƐƐŝŶŐƐŝŵŝůĂƌƚƌĞŶĚƐŝŶŽƚŚĞƌŵĂƌŬĞƚƐǁŝƚŚ ŝŶĐƌĞĂƐŝŶŐǀĂĐĂŶĐŝĞƐŝŶĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐ͘tĞƐƉĞĐƵůĂƚĞƚŚĂƚƚŚŝƐůŝŬĞůǇďĞĐĂƵƐĞĂůĞƐƐĞƌ ŶƵŵďĞƌŽĨŚŽƵƐĞŚŽůĚƐƚŚĂƚŝŶĐŽŵĞƋƵĂůŝĨǇŝŶŐĚƵĞƚŽŚŝŐŚĞƌǁĂŐĞƐĂƐǁĞůůĂƐŝŶĐƌĞĂƐĞĚ ĂĨĨŽƌĚĂďůĞƌĞŶƚƐŵĂŬŝŶŐŝƚƵŶĂĨĨŽƌĚĂďůĞƚŽƐŽŵĞŚŽƵƐĞŚŽůĚƐǁŚŝĐŚǁŽƵůĚŽƚŚĞƌǁŝƐĞƋƵĂůŝĨǇ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϬϳ ZEd>,Kh^/E'E>z^/^ ĞĞƉͲ^ƵďƐŝĚǇ;^ƵďƐŝĚŝǌĞĚͿ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚŝĚĞŶƚŝĨŝĞĚĂŶĚƐƵƌǀĞǇĞĚϭϯƉƌŽƉĞƌƚŝĞƐǁŝƚŚϱϵϯƚŽƚĂůƵŶŝƚƐƚŚĂƚŽĨĨĞƌ x ĚĞĞƉͲƐƵďƐŝĚǇ;ƐƵďƐŝĚŝǌĞĚͿƌĞŶƚƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘tĞĚŝĚŶŽƚŝŶĐůƵĚĞ ƉƌŽƉĞƌƚŝĞƐŽĨĨĞƌŝŶŐƐƵƉƉŽƌƚŝǀĞŚŽƵƐŝŶŐƐĞƌǀŝĐĞƐ;ůŽŶŐͲƚĞƌŵŚŽŵĞůĞƐƐŚŽƵƐŝŶŐ͕ĐŚƌŽŶŝĐ ŝŶĞďƌŝĂƚĞƐ͕ĂŶĚĚŝƐĂďŝůŝƚǇŚŽƵƐŝŶŐͿ͘^ƵďƐŝĚŝĞƐĂƚĐŽƵŶƚǇƉƌŽƉĞƌƚŝĞƐŝŶĐůƵĚĞh^ZƵƌĂů ĞǀĞůŽƉŵĞŶƚĂŶĚ,h^ĞĐƚŝŽŶϴ;ƉƌŽũĞĐƚͲďĂƐĞĚͿ͘ dǇƉŝĐĂůůǇ͕ĚĞĞƉͲƐƵďƐŝĚǇƌĞŶƚĂůƉƌŽƉĞƌƚŝĞƐƐŚŽƵůĚďĞĂďůĞƚŽŵĂŝŶƚĂŝŶǀĂĐĂŶĐǇƌĂƚĞƐŽĨϯйŽƌ x ůĞƐƐŝŶŵŽƐƚŚŽƵƐŝŶŐŵĂƌŬĞƚƐ͘dŚĞƌĞǁĞƌĞƐĞǀĞŶƵŶŝƚƐǁĞƌĞǀĂĐĂŶƚĂƐŽĨYϭϮϬϮϱĨŽƌĂ ǀĂĐĂŶĐǇƌĂƚĞŽĨϭ͘ϭй͘dŚŝƐǀĂĐĂŶĐǇƌĂƚĞǁĂƐŽŶƉĂƌǁŝƚŚƚŚĞƉƌĞǀŝŽƵƐƐƚƵĚǇŝŶϮϬϮϬĂƚϭ͘Ϯй͘ &ƵŶĚŝŶŐĨŽƌƐƵďƐŝĚŝǌĞĚŚŽƵƐŝŶŐŚĂƐďĞĞŶǀĞƌǇůŝŵŝƚĞĚĨŽƌĚĞĐĂĚĞƐĂŶĚŝƐƵƐƵĂůůǇŽŶůǇŐƌĂŶƚĞĚ x ĨŽƌƐƉĞĐŝĂůƚǇŚŽƵƐŝŶŐƐƵĐŚĂƐƚŚŽƐĞǁŝƚŚĚŝƐĂďŝůŝƚŝĞƐĂŶĚͬŽƌƉĞƌƐŽŶƐǁŚŽĂƌĞŚŽŵĞůĞƐƐ͘ dŚĞƌĞŚĂƐďĞĞŶŶŽĚĞĞƉͲƐƵďƐŝĚǇŚŽƵƐŝŶŐďƵŝůƚƐŝŶĐĞƚŚĞϭϵϴϬƐĨŽƌƚŚĞŐĞŶĞƌĂůŽĐĐƵƉĂŶĐǇ ƉŽƉƵůĂƚŝŽŶƚŚĂƚĚŽŶŽƚŶĞĞĚƐƵƉƉŽƌƚŝǀĞŚŽƵƐŝŶŐƐĞƌǀŝĐĞƐ͘ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ĨĨŽƌĚĂďůĞͬ^ƵďƐŝĚŝǌĞĚZĞŶƚĂů^ƚŽĐŬ;zĞĂƌƵŝůƚͿ ϭ͕ϬϬϬϰϬ ϵϮϰ hŶŝƚƐWƌŽũĞĐƚƐ ϵϬϬ ϯϱ ϴϬϬ ϯϬ ϳϬϬ ϲϭϴ Ϯϱ ηŽĨWƌŽũĞĐƚƐ ϲϬϬ hŶŝƚƐ ϱϬϬϮϬ ϰϮϮ ϯϴϲ ϰϬϬ ϯϯϭ ϭϱ ϭϱ Ϯϳϰ ϯϬϬ ϭϬ ϵ ϭϱϱ ϮϬϬ ϴϴ ϳ ϲ ϱ ϭϬϬ ϯ Ϭ ϬϬ Ϭ ϮϬϮϬƐϮϬϭϬƐϮϬϬϬƐϭϵϵϬƐϭϵϴϬƐϭϵϳϬƐϭϵϲϬƐWƌĞϭϵϲϬƐ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚĂŶĚZĞŵĂŝŶĚĞƌŽĨDĂƌŬĞƚƌĞĂ^ƵďŵĂƌŬĞƚƐ^ƵƌǀĞǇŽŵƉĂƌŝƐŽŶ dĂďůĞƐZͲϱĂŶĚZͲϲŽŶƚŚĞĨŽůůŽǁŝŶŐƉĂŐĞƐƌĞƉƌĞƐĞŶƚƚŚĞƐƵŵŵĂƌǇŽĨŐĞŶĞƌĂůŽĐĐƵƉĂŶĐǇƌĞŶƚĂů ŚŽƵƐŝŶŐŝŶƚŚĞZŽĐŚĞƐƚĞƌĂŶĚZĞŵĂŝŶĚĞƌŽĨKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂƐƵďŵĂƌŬĞƚƐ͕ ƌĞƐƉĞĐƚŝǀĞůǇ͘dŚĞƐĞƐƵŵŵĂƌŝĞƐƉƌŽǀŝĚĞĂůŽŽŬĂƚƚŚĞĚŝĨĨĞƌĞŶĐĞŝŶƚŚĞƌĞŶƚĂůŵĂƌŬĞƚƐǁŝƚŚŝŶ ZŽĐŚĞƐƚĞƌĐŽŵƉĂƌĞĚƚŽƚŚĞŵŽƌĞƌƵƌĂůĐŝƚŝĞƐŝŶƚŚĞDĂƌŬĞƚƌĞĂ͘ KĨƚŚĞƐƵƌǀĞǇĞĚƌĞŶƚĂůƵŶŝƚƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͕ƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ x ĂĐĐŽƵŶƚƐĨŽƌϵϯйŽĨƚŚĞƌĞŶƚĂůƵŶŝƚƐ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϬϴ ZEd>,Kh^/E'E>z^/^ ZͲϱ ^hDDZzzhE/ddzW 'EZ>KhWEzZEd>,Kh^/E' ZK,^dZ^hDZ<d YϭϮϬϮϱ DĂƌŬĞƚZĂƚĞ'͘K͘ ZŽĐŚĞƐƚĞƌZĞŶƚĂůhŶŝƚDŝǆ DĂƌŬĞƚZĂƚĞΔDŽŶƚŚůǇZĞŶƚƐ dŽƚĂůhŶŝƚǀŐ͘ǀŐ͘ǀŐ͘ZĞŶƚͬ ϭй ϭй hŶŝƚdǇƉĞhŶŝƚƐDŝǆ^Ƌ͘&ƚ͘ZĞŶƚ^Ƌ͘&ƚ͘ ϬйDŝĐƌŽ DŝĐƌŽϲϮϭйϭϵϯΨϴϬϴΨϰ͘ϭϵ ϵй ϭϬй ^ƚƵĚŝŽ ^ƚƵĚŝŽϴϵϮϭϬйϱϬϰΨϭ͕ϮϭϳΨϮ͘ϰϭ ϭZϯ͕ϯϭϬϯϵйϳϭϴΨϭ͕ϯϲϵΨϭ͘ϵϭ ϭZ ϭZнϭϴϱϮйϵϮϰΨϭ͕ϳϱϮΨϭ͘ϵϬ ϭZн ϮZϯ͕ϭϯϲϯϳйϭ͕ϬϮϰΨϭ͕ϱϳϮΨϭ͘ϱϯ ϮZ ϯϳй ϮZнϯϯϬйϭ͕ϯϵϵΨϮ͕ϴϲϰΨϮ͘Ϭϱ ϯϵй ϮZн ϯZϳϵϲϵйϭ͕ϮϲϱΨϭ͕ϳϰϰΨϭ͘ϯϴ ϰZϭϭϴϭйϭ͕ϮϳϱΨϭ͕ϱϵϵΨϭ͘Ϯϱ ϯZ dŽƚĂů͗ϴ͕ϱϯϮϭϬϬйϴϳϬΨϭ͕ϰϴϲΨϭ͘ϳϭ ϰZ Ϯй sĂĐĂŶĐŝĞƐͬZĂƚĞϳϴϲϴ͘ϯй sĂĐĂŶĐŝĞƐͬZĂƚĞΎϮϰϬϯ͘Ϭй ĞĞƉͲ^ƵďƐŝĚǇ ǀĞƌĂŐĞŐĞϭϵϵϯ ZŽĐŚĞƐƚĞƌZĞŶƚĂůhŶŝƚDŝǆ WͲ^h^/zDŽŶƚŚůǇZĞŶƚƐ ϯй dŽƚĂůhŶŝƚǀŐ͘ǀŐ͘ǀŐ͘ZĞŶƚͬ Ϭй hŶŝƚdǇƉĞhŶŝƚƐDŝǆ^Ƌ͘&ƚ͘ZĞŶƚ^Ƌ͘&ƚ͘ ϭϱй ^ƚƵĚŝŽϭϮϯйϰϬϬϯϬйŽĨ'/ ^ƚƵĚŝŽ ϭZϭϯϳϯϯйϱϴϬ ϮZϮϬϮϰϵйϴϭϲ ϯϯй ϭZ ϯZϲϮϭϱйϭ͕ϮϭϬ ϮZ ϰZϭϬйϭ͕ϱϭϳ ϯZ dŽƚĂů͗ϰϭϰϯйϳϰϮ sĂĐĂŶĐŝĞƐͬZĂƚĞϯϬ͘ϳй ϰZ ϰϵй ǀĞƌĂŐĞŐĞϭϵϳϲ ^ŚĂůůŽǁͲ^ƵďƐŝĚǇΔΔDŽŶƚŚůǇZĞŶƚƐ dŽƚĂůhŶŝƚǀŐ͘ǀŐ͘ǀŐ͘ZĞŶƚͬ ^ŚĂůůŽǁͲ^ƵďƐŝĚǇ hŶŝƚdǇƉĞhŶŝƚƐDŝǆ^Ƌ͘&ƚ͘ZĞŶƚ^Ƌ͘&ƚ͘ ZŽĐŚĞƐƚĞƌZĞŶƚĂůhŶŝƚDŝǆ ^ƚƵĚŝŽϭϯϭϲйϱϮϲΨϭ͕ϭϮϰΨϮ͘ϭϰ ϭZϱϲϲϮϱйϲϵϭΨϭ͕ϬϴϲΨϭ͘ϱϳ ϭй ϮZϭ͕ϬϰϱϰϳйϵϵϮΨϭ͕ϯϬϯΨϭ͘ϯϭ ϲй ^ƚƵĚŝŽ ϮZнϱϬйϵϬϳΨϭ͕ϮϮϱΨϭ͘ϯϱ Ϯϭй ϯZϰϲϱϮϭйϭ͕ϮϰϯΨϭ͕ϱϴϰΨϭ͘Ϯϳ ϭZ Ϯϱй ϰZϯϮϭйϭ͕ϭϬϬΨϭ͕ϮϭϬΨϭ͘ϭϬ Ϭй ϮZ dŽƚĂů͗Ϯ͕ϮϰϰϭϬϬйϵϰϭΨϭ͕ϮϵϱΨϭ͘ϯϴ sĂĐĂŶĐŝĞƐͬZĂƚĞϭϭϱϱ͘ϭй ϮZн sĂĐĂŶĐŝĞƐͬZĂƚĞΎϵϳϰ͘ϱй ϯZ ǀĞƌĂŐĞŐĞϮϬϬϴ ϰϳй ϰZ ΎǆĐůƵĚĞƐƵŶŝƚƐĂƚƉƌŽũĞĐƚƐŝŶŝŶŝƚŝĂůůĞĂƐĞͲƵƉ͘ ΔDĂƌŬĞƚZĂƚĞĞǆĐůƵĚĞƐ^&ƌĞŶƚĂůĐŽŵŵƵŶŝƚǇĂŶĚĚŽĞƐŶŽƚŝŶĐůƵĚĞ ƚŽǁŶŚŽŵĞƌĞŶƚĂůƵŶŝƚƐĂŶĚƚŚƵƐĨŝŐƵƌĞƐŵĂǇŶŽƚŵĂƚĐŚŽƚŚĞƌƚĂďůĞƐ͘ ΔΔ^ŚĂůůŽǁͲƐƵďƐŝĚǇŝŽŶĐůƵĚĞƐĂŵŝǆŽĨƚŽǁŶŚŽŵĞƐĂŶĚĂůƐŽĞǆĐůƵĚĞƐ ƐŚĂƌĞĚůŝǀŝŶŐƵŶŝƚƐĂŶĚƚŚƵƐĨŝŐƵƌĞƐŵĂǇŶŽƚŵĂƚĐŚŽƚŚĞƌƚĂďůĞƐ͘ EŽƚĞ͗dŚŝƐƚĂďůĞŝŶĐůƵĚĞƐǀĂĐĂĐŶǇĂŶĚƌĞŶƚĚĂƚĂĨƌŽŵƌĞŶƚĂůƉƌŽƉĞƌƚŝĞƐƚŚĂƚ ƉĂƌƚŝĐŝƉĂƚĞĚĂŶĚƉƌŽǀŝĚĞĚĐŽŵƉůĞƚĞƐƵƌǀĞǇŝŶĨŽƌŵĂƚŝŽŶ͘ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϭϬϵ ZEd>,Kh^/E'E>z^/^ ZͲϲ ^hDDZzzhE/ddzW DĂƌŬĞƚZĂƚĞ'͘K͘ 'EZ>KhWEzZEd>,Kh^/E' ZD/EZK>D^dKhEdzDZ<dZ^hDZ<d^ ZĞŵĂŝŶĚĞƌDZĞŶƚĂůhŶŝƚDŝǆ YϭϮϬϮϱ Ϭй DĂƌŬĞƚZĂƚĞDŽŶƚŚůǇZĞŶƚƐ ϳй ^ƚƵĚŝŽ dŽƚĂůhŶŝƚǀŐ͘ǀŐ͘ǀŐ͘ZĞŶƚͬ ϭϴй ϭϭй hŶŝƚdǇƉĞhŶŝƚƐDŝǆ^Ƌ͘&ƚ͘ZĞŶƚ^Ƌ͘&ƚ͘ ϭZ ^ƚƵĚŝŽϮϬйϱϬϬΨϱϱϬΨϭ͘ϭϬ ϭZϵϭϭϴйϲϲϱΨϵϲϬΨϭ͘ϰϰ ϮZ ϭϮй ϮZϮϱϲϱϮйϵϰϭΨϭ͕ϭϵϮΨϭ͘Ϯϳ ϮZd, ϮZd,ϲϭϭϮйϴϴϰΨϭ͕ϳϲϴΨϮ͘ϬϬ ϯZϱϮϭϭйϭ͕ϭϯϬΨϭ͕ϯϵϱΨϭ͘Ϯϯ ϯZ ϯZd,ϯϯϳйϭ͕ϳϱϯΨϮ͕ϯϰϱΨϭ͘ϯϰ ϱϮй dŽƚĂů͗ΎϰϵϱϵϯйϵϱϱΨϭ͕ϯϭϲΨϭ͘ϯϴ ϯZd, sĂĐĂŶĐŝĞƐͬZĂƚĞϲϭ͘Ϯй ǀĞƌĂŐĞŐĞϭϵϴϵ ĞĞƉͲ^ƵďƐŝĚǇ WͲ^h^/zDŽŶƚŚůǇZĞŶƚƐ ZĞŵĂŝŶĚĞƌDZĞŶƚĂůhŶŝƚDŝǆ dŽƚĂůhŶŝƚǀŐ͘ǀŐ͘ǀŐ͘ZĞŶƚͬ hŶŝƚdǇƉĞhŶŝƚƐDŝǆ^Ƌ͘&ƚ͘ZĞŶƚ^Ƌ͘&ƚ͘ ϭй ϭZϳϮϰϴйϲϭϮϯϬйŽĨ'/ ϮZϳϱϱϬйϳϱϰ ϯZϮϭйϵϬϬ ϭZ dŽƚĂů͗ϭϰϵϭϬϬйϲϴϳ sĂĐĂŶĐŝĞƐͬZĂƚĞϰϮ͘ϳй ϰϴй ϮZ ϱϬй ǀĞƌĂŐĞŐĞϭϵϴϮ ^ŚĂůůŽǁͲ^ƵďƐŝĚǇDŽŶƚŚůǇZĞŶƚƐ ϯZ dŽƚĂůhŶŝƚǀŐ͘ǀŐ͘ǀŐ͘ZĞŶƚͬ hŶŝƚdǇƉĞhŶŝƚƐDŝǆ^Ƌ͘&ƚ͘ZĞŶƚ^Ƌ͘&ƚ͘ ϮZϲϬϲϯйϵϬϬΨϭ͕ϬϱϱΨϭ͘ϭϳ ϯZϯϰϯϱйϭ͕ϭϯϱΨϭ͕ϮϲϮΨϭ͘ϭϭ ^ŚĂůůŽǁͲ^ƵďƐŝĚǇ ϰZϮϮйϭ͕ϰϳϬΨϭ͕ϰϬϬΨϬ͘ϵϱ ZĞŵĂŝŶĚĞƌDZĞŶƚĂůhŶŝƚDŝǆ dŽƚĂů͗ϵϲϭϬϬйϵϵϱΨϭ͕ϭϯϱΨϭ͘ϭϰ sĂĐĂŶĐŝĞƐͬZĂƚĞϱϱ͘Ϯй Ϯй ǀĞƌĂŐĞŐĞϭϵϵϵ EŽƚĞ͗dŚŝƐƚĂďůĞŝŶĐůƵĚĞƐĚĂƚĂĨƌŽŵƌĞŶƚĂůƉƌŽƉĞƌƚŝĞƐƚŚĂƚƉĂƌƚŝĐŝƉĂƚĞĚĂŶĚƉƌŽǀŝĚĞĚ ϮZ ĐŽŵƉůĞƚĞƐƵƌǀĞǇŝŶĨŽƌŵĂƚŝŽŶ͘ ϯϱй ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ϯZ dŚĞŽǀĞƌĂůůǀĂĐĂŶĐǇƌĂƚĞŝŶZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚĂƐŽĨƚŚĞ x ϲϯй YϭƐƵƌǀĞǇǁĂƐϯ͘ϮйǁŚŝůĞƚŚĞǀĂĐĂŶĐǇƌĂƚĞŝŶƚŚĞZĞŵĂŝŶĚĞƌ ϰZ ŽĨƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂƐƵďŵĂƌŬĞƚƐǁĂƐũƵƐƚϭ͘ϵй͘ ŽƚŚǀĂĐĂŶĐǇƌĂƚĞƐĂƌĞďĞůŽǁƚŚĞƐƵŐŐĞƐƚĞĚŵĂƌŬĞƚĞƋƵŝůŝďƌŝƵŵŽĨϱ͘ϬйĨŽƌĂƐƚĂďŝůŝǌĞĚ ƌĞŶƚĂůŵĂƌŬĞƚ͘ dŚĞǀĂĐĂŶĐǇƌĂƚĞƐďǇƚĂƌŐĞƚŵĂƌŬĞƚĨŽƌZŽĐŚĞƐƚĞƌĂŶĚƚŚĞZĞŵĂŝŶĚĞƌĂƌĞĂƐĨŽůůŽǁƐĨŽƌ x ƌĞŶƚĂůƐƚĂďŝůŝǌĞĚƉƌŽƉĞƌƚŝĞƐ͗ DĂƌŬĞƚZĂƚĞīŽƌĚĂďůĞ^ƵďƐŝĚŝǌĞĚ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚϯ͘Ϭйϰ͘ϱйϬ͘ϳй ZĞŵĂŝŶĚĞƌD^ƵďŵĂƌŬĞƚƐϭ͘Ϯйϱ͘ϮйϮ͘ϳй Dy&/>Z^Z,ΘKE^h>d/E'ϭϭϬ ZEd>,Kh^/E'E>z^/^ dŚĞĨŽůůŽǁŝŶŐĂƌĞĂĚŝƌĞĐƚĐŽŵƉĂƌŝƐŽŶŽĨŵĂƌŬĞƚƌĂƚĞĂŶĚĂĨĨŽƌĚĂďůĞƌĞŶƚƐĨŽƌƚŚĞZŽĐŚĞƐƚĞƌ x ^ƵďŵĂƌŬĞƚĂŶĚƚŚĞZĞŵĂŝŶĚĞƌŽĨƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂƐƵďŵĂƌŬĞƚƐ͘ DĂƌŬĞƚZĂƚĞĨĨŽƌĚĂďůĞͺ ZŽĐŚĞƐƚĞƌͬZĞŵĂŝŶĚĞƌDZŽĐŚĞƐƚĞƌͬZĞŵĂŝŶĚĞƌD ^ƚƵĚŝŽΨϭ͕ϮϭϳͬΨϱϱϬΨϭ͕ϭϮϰͬEŽŶĞ ϭZΨϭ͕ϯϲϵͬΨϵϲϬΨϭ͕ϬϴϲͬEŽŶĞ ϮZΨϭ͕ϱϳϮͬΨϭ͕ϭϵϮΨϭ͕ϯϬϯͬΨϭ͕Ϭϱϱ ϯZΨϭ͕ϳϰϰͬΨϭ͕ϯϵϱΨϭ͕ϱϴϰͬΨϭ͕ϮϲϮ KǀĞƌĂůůΨϭ͕ϰϴϲͬΨϭ͕ϯϭϲΨϭ͕ϮϵϱͬΨϭ͕ϭϯϱ DƌĞĂ'ĞŶĞƌĂůKĐĐƵƉĂŶĐǇZĞŶƚĂůDĂƌŬĞƚ dĂďůĞZͲϳŽŶƚŚĞŶĞǆƚƉĂŐĞƉƌŽǀŝĚĞƐƐƵŵŵĂƌǇŽĨƚŚĞĂǀĞƌĂŐĞƐƋƵĂƌĞĨŽŽƚ͕ĂǀĞƌĂŐĞƌĞŶƚ͕ĂŶĚ ĂǀĞƌĂŐĞƐƋƵĂƌĞĨŽŽƚďǇƵŶŝƚƚǇƉĞĂŶĚƚĂƌŐĞƚŵĂƌŬĞƚŝŶƚŚĞDƌĞĂ͘dŚĞĨŽůůŽǁŝŶŐƉŽŝŶƚƐ ĚŝƐĐƵƐƐŬĞǇƉŽŝŶƚƐŽĨƚŚĞƌĞŶƚĂůŵĂƌŬĞƚŝŶƚŚĞDƌĞĂ͘ dŚĞDƌĞĂĐŽŶƚĂŝŶƐĂďŽƵƚϭϰ͘ϱйŽĨƚŚĞƌĞŶƚĂůƵŶŝƚƐŝŶƚŚĞŝƚǇŽĨZŽĐŚĞƐƚĞƌƚŚĂƚǁĞƌĞ x ƐƵƌǀĞǇĞĚĨŽƌƚŚŝƐƐƚƵĚǇ͘KĨƚŚŝƐϭϰ͘ϱй͕ƚŚĞŵĂƌŬĞƚƌĂƚĞƵŶŝƚƐŝŶƚŚĞDĂĐĐŽƵŶƚĨŽƌϭϰ͘ϱй ĂŶĚƐŚĂůůŽǁͲƐƵďƐŝĚǇ;ĂĨĨŽƌĚĂďůĞͿƵŶŝƚƐϭϯй͘dŚĞƌĞĂƌĞŶŽĚĞĞƉͲƐƵďƐŝĚǇƌĞŶƚĂůƵŶŝƚƐǁŝƚŚŽƵƚ ƐƵƉƉŽƌƚŝǀĞƐĞƌǀŝĐĞƐŝŶƚŚĞD͘ dŚĞƌĞŚĂǀĞďĞĞŶϭϬŵĂƌŬĞƚƌĂƚĞĚĞǀĞůŽƉŵĞŶƚƐďƵŝůƚĨƌŽŵϮϬϭϬƚŽϮϬϮϬǁŝƚŚĂƚŽƚĂůŽĨϭ͕Ϭϭϳ x ƵŶŝƚƐ͘dŚƵƐ͕ϳϰйŽĨƚŚĞŵĂƌŬĞƚƌĂƚĞƌĞŶƚĂůĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞDƌĞĂŽĐĐƵƌƌĞĚĚƵƌŝŶŐ ƚŚĞůĂƐƚĚĞĐĂĚĞ͘dŚĞƌĞŚĂǀĞŶŽƚďĞĞŶĂŶǇŶĞǁĚĞǀĞůŽƉŵĞŶƚƐŽƉĞŶĞĚƐŝŶĐĞϮϬϮϬǁŝƚŚdŚĞ ,ƵĞ͕dŚĞĞƌŬŵĂŶ͕ĂŶĚdŚĞDĂǀĞŶŽŶƌŽĂĚǁĂǇƚŽƚĂůŝŶŐϱϱϭƵŶŝƚƐ͘ ůůĨŽƵƌŽĨƚŚĞĂĨĨŽƌĚĂďůĞƉƌŽƉĞƌƚŝĞƐǁĞƌĞĚĞǀĞůŽƉĞĚƐŝŶĐĞϮϬϭϳĂŶĚŚĂǀĞĂƚŽƚĂůϮϵϲƵŶŝƚƐ x ĂŶĚĂƌĞĂĨĨŽƌĚĂďůĞĂƚϱϬй͕ϲϬй͕ĂŶĚϴϬйŽĨD/ǁŝƚŚĂĨĨŽƌĚĂďŝůŝƚǇǀĂƌǇŝŶŐďǇƉƌŽũĞĐƚ͘dŚĞ ƌǇŬŽŶƌŽĂĚǁĂǇŝƐƚŚĞŶĞǁĞƐƚƉƌŽƉĞƌƚǇĂŶĚǁĂƐŽƉĞŶĞĚŝŶϮϬϮϯĂŶĚĐŽŶƚĂŝŶƐϭϴϬƵŶŝƚƐ͘ /ƚŝƐŝŵƉŽƌƚĂŶƚƚŽŶŽƚĞƚŚĂƚƚŚĞƌĞĂƌĞƐŝǆĚĞǀĞůŽƉŵĞŶƚƐĞŝƚŚĞƌƵŶĚĞƌĐŽŶƐƚƌƵĐƚŝŽŶŽƌƉůĂŶŶĞĚ x ŝŶƚŚĞDƌĞĂǁŝƚŚϭ͕ϬϭϳƵŶŝƚƐ͘DĂƌŬĞƚƌĂƚĞƵŶŝƚƐŵĂŬĞƵƉϵϯϳŽĨƚŚĞƐĞƉĞŶĚŝŶŐƵŶŝƚƐ ;ϵϮйͿǁŝƚŚϮϭϴƵŶŝƚƐƵŶĚĞƌĐŽŶƐƚƌƵĐƚŝŽŶĂŶĚϭϲǁŝƚŚƉĞƌŵŝƚƐŝƐƐƵĞĚ͘ŶŽƚŚĞƌϳϬϯĂƌĞƵŶĚĞƌ ƌĞǀŝĞǁŽƌƉƌŽƉŽƐĞĚ͘KŶůǇƚǁŽĂĨĨŽƌĚĂďůĞƉƌŽƉĞƌƚŝĞƐĂƌĞƉĞŶĚŝŶŐǁŝƚŚϴϬƵŶŝƚƐǁŝƚŚĨŽƵƌ ƵŶŝƚƐǁŝƚŚƉĞƌŵŝƚƐŝƐƐƵĞĚĂŶĚϳϲƵŶŝƚƐƵŶĚĞƌƌĞǀŝĞǁ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϭϭ ZEd>,Kh^/E'E>z^/^ dŚĞĨŽůůŽǁŝŶŐĂƌĞĂĚŝƌĞĐƚĐŽŵƉĂƌŝƐŽŶŽĨŵĂƌŬĞƚƌĂƚĞĂŶĚĂĨĨŽƌĚĂďůĞƌĞŶƚƐĨŽƌƚŚĞZŽĐŚĞƐƚĞƌ x ^ƵďŵĂƌŬĞƚĂŶĚƚŚĞDƌĞĂ͗ DĂƌŬĞƚZĂƚĞĨĨŽƌĚĂďůĞͺ ZŽĐŚĞƐƚĞƌͬDƌĞĂZŽĐŚĞƐƚĞƌͬDZ ^ƚƵĚŝŽΨϭ͕ϮϭϳͬΨϴϮϱΨϭ͕ϭϮϰͬΨϭ͕ϭϬϬ ϭZΨϭ͕ϯϲϵͬΨϭ͕ϯϴϱΨϭ͕ϬϴϲͬΨϭ͕Ϯϲϳ ϮZΨϭ͕ϱϳϮͬΨϮ͕ϬϲϲΨϭ͕ϯϬϯͬΨϭ͕ϱϮϮ ϯZΨϭ͕ϳϰϰͬΨϮ͕ϱϳϵΨϭ͕ϱϴϰͬEŽŶĞ KǀĞƌĂůůΨϭ͕ϰϴϲͬΨϭ͕ϴϭϬΨϭ͕ϮϵϱͬEŽŶĞ ZͲϳ ^hDDZzzhE/ddzW 'EZ>KhWEzZEd>,Kh^/E' DĂƌŬĞƚZĂƚĞ'͘K͘ DZ YϭϮϬϮϱ DƌĞĂZĞŶƚĂůhŶŝƚDŝǆ DĂƌŬĞƚZĂƚĞΔDŽŶƚŚůǇZĞŶƚƐ ϭй Ϯй Ϯй dŽƚĂůhŶŝƚǀŐ͘ǀŐ͘ǀŐ͘ZĞŶƚͬ DŝĐƌŽ ϲй hŶŝƚdǇƉĞhŶŝƚƐDŝǆ^Ƌ͘&ƚ͘ZĞŶƚ^Ƌ͘&ƚ͘ ^ƚƵĚŝŽ DŝĐƌŽϲϮϲйϭϵϯΨϴϮϱΨϰ͘Ϯϵ ^ƚƵĚŝŽϮϳϴϮϱйϰϵϬΨϭ͕ϯϴϱΨϮ͘ϴϯ ϭZ Ϯϱй Ϯϲй ϭZϰϬϴϯϲйϴϵϱΨϭ͕ϵϮϭΨϮ͘ϭϱ ϭZн ϭZнϮϭϮйϵϭϯΨϮ͕ϬϱϳΨϮ͘Ϯϱ ϮZ ϮZϮϴϳϮϲйϭ͕ϬϯϰΨϮ͕ϬϲϲΨϮ͘ϬϬ ϮZнϮϴϮйϭ͕ϰϮϵΨϯ͕ϬϯϵΨϮ͘ϭϯ ϮZн Ϯй ϯZϮϰϮйϭ͕ϮϵϴΨϮ͕ϱϳϵΨϭ͘ϵϵ ϯZ ϰZϭϰϭйϭ͕ϯϬϬΨϭ͕ϵϱϬΨϭ͘ϱϬ ϯϲй ϰZ dŽƚĂů͗ϭ͕ϭϮϮϭϬϬйϴϭϵΨϭ͕ϴϭϬΨϮ͘Ϯϭ sĂĐĂŶĐŝĞƐͬZĂƚĞϮϴϯ͘ϳй ^ŚĂůůŽǁͲ^ƵďƐŝĚǇ ǀĞƌĂŐĞŐĞϭϵϵϳ DƌĞĂZĞŶƚĂůhŶŝƚDŝǆ WͲ^h^/zDŽŶƚŚůǇZĞŶƚƐ dŽƚĂůhŶŝƚǀŐ͘ǀŐ͘ǀŐ͘ZĞŶƚͬ hŶŝƚdǇƉĞhŶŝƚƐDŝǆ^Ƌ͘&ƚ͘ZĞŶƚ^Ƌ͘&ƚ͘ EŽŶĞ ϯϬйŽĨ'/ ^ƚƵĚŝŽ Ϯϲй Ϯϲй ^ŚĂůůŽǁͲ^ƵďƐŝĚǇDŽŶƚŚůǇZĞŶƚƐ dŽƚĂůhŶŝƚǀŐ͘ǀŐ͘ǀŐ͘ZĞŶƚͬ hŶŝƚdǇƉĞhŶŝƚƐDŝǆ^Ƌ͘&ƚ͘ZĞŶƚ^Ƌ͘&ƚ͘ ϭZ ^ƚƵĚŝŽϱϴϮϬйϱϮϳΨϭ͕ϭϯϵΨϮ͘ϭϲ ϭZϭϰϬϰϳйϲϳϯΨϭ͕ϯϬϵΨϭ͘ϵϱ ϮZϵϴϯϯйϭ͕ϬϬϮΨϭ͕ϱϮϵΨϭ͘ϱϯ ϮZ ϰϴй dŽƚĂů͗ϮϵϲϭϬϬйϳϱϯΨϭ͕ϯϰϵΨϭ͘ϳϵ sĂĐĂŶĐŝĞƐͬZĂƚĞϭϵϲ͘ϰй ǀĞƌĂŐĞŐĞϮϬϭϵ ΔDĂƌŬĞƚƌĂƚĞĚĂƚĂĚŽĞƐŶŽƚŶŝĐůƵĚĞĨƵƌŶŝƐŚĞĚƵŶŝƚƐŽƌƉĞŶƚŚŽƵƐĞƵŶŝƚƐ ĚƵĞƚŽŚŝŐŚĞƌƌĞŶƚƐƚŚĂƚǁŽƵůĚƐŬĞǁĚĂƚĂ͘ EŽƚĞ͗dŚŝƐƚĂďůĞŝŶĐůƵĚĞƐĚĂƚĂĨƌŽŵƌĞŶƚĂůƉƌŽƉĞƌƚŝĞƐƚŚĂƚƉĂƌƚŝĐŝƉĂƚĞĚĂŶĚƉƌŽǀŝĚĞĚ ĐŽŵƉůĞƚĞƐƵƌǀĞǇŝŶĨŽƌŵĂƚŝŽŶ͘ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϭϭϮ ZEd>,Kh^/E'E>z^/^ ^ŝŶŐůĞͲ&ĂŵŝůǇ,ŽŵĞZĞŶƚĂůƐ ^ŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞƌĞŶƚĂůƐĂƌĞĂƉŽƉƵůĂƌƌĞŶƚĂůŽƉƚŝŽŶŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘ x 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ĂŐĞͲƌĞƐƚƌŝĐƚĞĚƵŶŝƚƐĚƵĞƚŽƚŚĞƌƵƌĂůŶĂƚƵƌĞĂŶĚǌŽŶŝŶŐ͘dŚĞǇƌŽŶ͕ŚĂƚĨŝĞůĚ͕ĂŶĚEŽƌƚŚ ^ƵďŵĂƌŬĞƚƐŚĂǀĞũƵƐƚĂĨĞǁĚĞǀĞůŽƉŵĞŶƚƐĂŶĚĂĐĐŽƵŶƚĨŽƌďĞƚǁĞĞŶϬ͘ϳйĂŶĚϮйŽĨƚŚĞƐĞŶŝŽƌ ŚŽƵƐŝŶŐŝŶƚŚĞDĂƌŬĞƚƌĞĂ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ^ĞŶŝŽƌ,ŽƵƐŝŶŐhŶŝƚƐǇ^ƵďŵĂƌŬĞƚ ϴϬ ϳϲ ϳϬ ϲϭ ϲϬ ϱϬ ϰϬ ϯϱ ϯϬ ϮϰϮϰ Ϯϯ ϮϬ ϭϲ ϭϲ ϮϬ ϭϰϭϮϭϮ ϲ ϭϬ Ϭ ǇƌŽŶ^Ƶď͘ŚĂƚĨŝĞůĚ^Ƶď͘ĂƐƚ^Ƶď͘EŽƌƚŚ^Ƶď͘ZŽĐŚ͘&ƌŝŶŐĞ^ƚĞǁĂƌƚǀŝůůĞ^Ƶď͘ ^Ƶď͘ DZ;ZĞŶƚĂůͿDZ;KǁŶĞƌͿ^ŚĂůůŽǁͲ^Ƶď/>>DĞĞƉͲ^Ƶď Dy&/>Z^Z,ΘKE^h>d/E'ϭϭϵ ^E/KZ,Kh^/E'E>z^/^ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ^ĞŶŝŽƌ,ŽƵƐŝŶŐhŶŝƚƐǇ^ƵďŵĂƌŬĞƚ ϵϬϬ ϴϬϬ ϳϳϯ ϳϳϭ ϳϬϬ ϲϬϬ ϱϬϬ ϰϵϬ ϰϬϬ ϰϯϲ ϯϴϲ ϯϬϬ Ϯϳϲ ϮϬϬ Ϯϯϰ ϭϳϴ ϭϬϬ ϴϮϳϲ Ϭ DƌĞĂZŽĐŚĞƐƚĞƌ^Ƶď͘ DZ;ZĞŶƚĂůͿDZ;KǁŶĞƌͿĞĞƉͲ^Ƶď^ŚĂůůŽǁͲ^Ƶď/>>D Dy&/>Z^Z,ΘKE^h>d/E'ϭϮϬ ^E/KZ,Kh^/E'E>z^/^ d>^ͲϮ 'ͲZ^dZ/d,Kh^/E's>KWDEd^ K>D^dKhEdzDZ<dZ YϭϮϬϮϱ zĞĂƌ WƌŽũĞĐƚEĂŵĞƵŝůƚ^ƵďŵĂƌŬĞƚhŶŝƚƐ ĐƚŝǀĞĚƵůƚ ĞĞƉͲ^ƵďƐŝĚǇ dŽǁŶĞůƵďƉĂƌƚŵĞŶƚƐϮϬϭϱZŽĐŚĞƐƚĞƌϰϬ <ĞŶŽƐŚĂƌŝǀĞƉĂƌƚŵĞŶƚƐϮϬϭϬZŽĐŚĞƐƚĞƌϱϯ dŚĞ,ŝŐŚWŽŝŶƚĞ/ϮϬϬϰZŽĐŚĞƐƚĞƌϱϰ dŚĞ,ŝŐŚWŽŝŶƚĞ//ϮϬϬϭZŽĐŚĞƐƚĞƌϯϵ ǇŽƚĂDĂŶŽƌϭϵϴϲĂƐƚϭϮ &ŽŶƚĂŝŶĞdŽǁĞƌƐΔϭϵϴϯZŽĐŚĞƐƚĞƌϭϱϭ ,ĂůƚĞƌ,ĞŝŐŚƚƐϭϵϴϬĂƐƚϭϮ 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dŚĞƌĞŝƐŽŶůǇŽŶĞƐŚĂůůŽǁͲ ƐƵďƐŝĚǇĂīŽƌĚĂďůĞĂĐƟǀĞĂĚƵůƚƉƌŽƉĞƌƟĞƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇ x DĂƌŬĞƚƌĞĂǁŝƚŚϳϲƵŶŝƚƐ͘&ŽƌƚĞ^ĞŶŝŽƌ>ŝǀŝŶŐŝƐƚŚĞŶĞǁĞƐƚĂŶĚŽŶůǇĂīŽƌĚĂďůĞƌĞŶƚĂů ƉƌŽƉĞƌƚǇŝŶƚŚĞDĂƌŬĞƚƌĞĂĂƐWŚĂƐĞϭŽƉĞŶĞĚŝŶϮϬϮϮĂŶĚWŚĂƐĞ//ŝŶϮϬϮϯ͘&ŽƌƚĞ^ĞŶŝŽƌ >ŝǀŝŶŐŝƐĂŵŝǆĞĚͲ ŝŶĐŽŵĞƉƌŽƉĞƌƚǇǁŝƚŚϭϳϴŵĂƌŬĞƚƌĂƚĞƵŶŝƚƐŝŶĂŶĂĚĚŝƟŽŶƚŽƚŚĞϳϲ ĂīŽƌĚĂďůĞƵŶŝƚƐ͘ ƐŽĨYϭϮϬϮϱ͕ƚŚĞƌĞǁĞƌĞƚŚƌĞĞǀĂĐĂŶĐŝĞƐ͕ĨŽƌĂǀĂĐĂŶĐǇƌĂƚĞŽĨϯ͘ϵйĨŽƌƚŚĞĂīŽƌĚĂďůĞ x ƵŶŝƚƐĂŶĚϭϰƵŶŝƚƐǀĂĐĂŶƚŝŶƚŚĞŵĂƌŬĞƚƌĂƚĞƵŶŝƚƐ͘ƋƵŝůŝďƌŝƵŵĨŽƌƐĞŶŝŽƌĂīŽƌĚĂďůĞŚŽƵƐŝŶŐ ŝƐƵƐƵĂůůǇĂƌŽƵŶĚϯй͕ĂůůŽǁŝŶŐĨŽƌŽƉƟŵĂůŚŽƵƐŝŶŐĂǀĂŝůĂďŝůŝƚǇĨŽƌƉŽƚĞŶƟĂůƌĞƐŝĚĞŶƚƐ͘ ^ŚĂůůŽǁͲ ƐƵďƐŝĚǇĂĐƟǀĞĂĚƵůƚƐĞŶŝŽƌŚŽƵƐŝŶŐƚǇƉŝĐĂůůǇŽīĞƌƐĂīŽƌĚĂďůĞƌĞŶƚƐƚŽƋƵĂůŝĮĞĚ x ƐĞŶŝŽƌŚŽƵƐĞŚŽůĚƐ;ϱϱĂŶĚŽůĚĞƌͿŐĞŶĞƌĂůůǇƌĂŶŐŝŶŐĨƌŽŵϱϬйƚŽϴϬйŽĨD/;Ψϰϭ͕ϬϱϬƚŽ Ψϳϱ͕ϬϰϬͿďĂƐĞĚŽŶĂƐƉĞĐŝĮĐĚĞǀĞůŽƉŵĞŶƚƐƚĂǆ Ͳ ĐƌĞĚŝƚĂůůŽĐĂƟŽŶŐƵŝĚĞůŝŶĞƐ͘DĂ ŶǇƐŚĂůůŽǁͲ ƐƵďƐŝĚǇƐĞŶŝŽƌƉƌŽƉĞƌƟĞƐ͕ŚŽǁĞǀĞƌ͕ǁŝůůĂĐĐĞƉƚĂŐĞ Ͳ ƋƵĂůŝĮĞĚůŽǁ ͲŝŶĐŽŵĞŚŽƵƐĞŚŽůĚƐǁŝƚŚĂ ŚŽƵƐŝŶŐǀŽƵĐŚĞƌ͘dŚĞŵĂũŽƌŝƚǇŽĨĂīŽƌĚĂďůĞƉƌŽƉĞƌƟĞƐƐĞƚƋƵĂůŝĨǇŝŶŐŝŶĐŽŵĞƐĂƚϲϬйŽƌůĞƐƐ ŽĨD/ĂƐŝƐ&ŽƌƚĞ^ĞŶŝŽƌ>ŝǀŝŶŐ͘ d>^Ͳϰ ^hDDZzzhE/ddzW ^,>>KtͲ^h^/z^E/KZ,Kh^/E' K>D^dKhEdzDZ<dZ YϭϮϬϮϱ DŽŶƚŚůǇZĞŶƚƐ dŽƚĂůhŶŝƚǀŐ͘ǀŐ͘ǀŐ͘ZĞŶƚͬ hŶŝƚdǇƉĞhŶŝƚƐDŝǆ^Ƌ͘&ƚ͘ZĞŶƚΎ^Ƌ͘&ƚ͘ ^ƚƵĚŝŽϭϲϮϭйϰϵϱΨϵϯϳΨϭ͘ϴϵ ϭZϱϬϲϲйϳϰϳΨϭ͕ϮϭϰΨϭ͘ϲϯ ϮZϭϬϭϯйϵϴϵΨϭ͕ϰϰϵΨϭ͘ϰϳ dŽƚĂů͗ϳϲϭϬϬйϳϮϯΨϭ͕ϭϴϯΨϭ͘ϲϰ sĂĐĂŶĐŝĞƐͬZĂƚĞϯϯ͘ϵй ǀĞƌĂŐĞŐĞϮϬϮϮ EŽƚĞ͗dŚŝƐƚĂďůĞŝŶĐůƵĚĞƐĚĂƚĂĨƌŽŵƉƌŽƉĞƌƚŝĞƐƚŚĂƚƉĂƌƚŝĐŝƉĂƚĞĚŝŶƉƌŽǀŝĚŝŶŐƐƵƌǀĞǇ ŝŶĨŽƌŵĂƚŝŽŶ͘ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϭϮϱ ^E/KZ,Kh^/E'E>z^/^ DĂƌŬĞƚZĂƚĞĐƚŝǀĞĚƵůƚ dŚĞƌĞĂƌĞƐĞǀĞŶŵĂƌŬĞƚƌĂƚĞĂĐƟǀĞĂĚƵůƚƉƌŽƉĞƌƟĞƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂǁŝƚŚ x ĮǀĞŽĨƚŚĞƐĞǀĞŶƉƌŽƉĞƌƟĞƐůŽĐĂƚĞĚŝŶZŽĐŚĞƐƚĞƌ͘dŚƌĞĞĂƌĞƌĞŶƚĂůďƵŝůĚŝŶŐƐĂŶĚĨŽƵƌĂƌĞ ŽǁŶĞƌͲ ŽĐĐƵƉŝĞĚĐŽŽƉĞƌĂƟǀĞƉƌŽƉĞƌƟĞƐ͘ EŽǀĂĐĂŶĐŝĞƐǁĞƌĞŝĚĞŶƟĮĞĚĂƚƚŚĞŽǁŶĞƌƐŚŝƉƉƌŽƉĞƌƟĞƐǁŚŝĐŚŝƐƚǇƉŝĐĂůĂŵŽŶŐƚŚŝƐƚǇƉĞŽĨ x ƉƌŽƉĞƌƚǇĂŶĚϭϲǀĂĐĂŶĐŝĞƐĂƌĞůŽĐĂƚĞĚǁŝƚŚŝŶŐƚŚĞƌĞŶƚĂůƉƌŽƉĞƌƟĞƐĨŽƌĂϲ͘ϳйǀĂĐĂŶĐǇƌĂƚĞ͘ dŚĞŵĂũŽƌŝƚǇŽĨǀĂĐĂŶĐŝĞƐ;ϭϰƵŶŝƚƐͿĂƌĞůŽĐĂƚĞĚŝŶƚŚĞŶĞǁ&ŽƌƚĞ^ĞŶŝŽƌ>ŝǀŝŶŐ;ϭϳϴƵŶŝƚƐͿŝŶ ZŽĐŚĞƐƚĞƌƚŚĂƚŽƉĞŶĞĚŝŶϮϬϮϮĂŶĚϮϬϮϯ͘/ĨǁĞĞǆĐůƵĚĞƚŚŝƐƉƌŽƉĞƌƚǇ͕ƚŚĞǀĂĐĂŶĐǇƌĂƚĞŽĨ ĂĐƟǀĞĂĚƵůƚƌĞŶƚĂůĨĂůůƐƚŽϯ͘ϯй͘ dŚĞĨŽƵƌŽǁŶĞƌͲ ŽĐĐƵƉŝĞĚĂĐƟǀĞĂĚƵůƚƉƌŽƉĞƌƟĞƐŚĂǀĞĂĐŽŵďŝŶĞĚϮϳϲƵŶŝƚƐĂŶĚĂƌĞĂůů x ĐŽŽƉĞƌĂƟǀĞŵƵůƟ ͲƐƚŽƌǇĚĞǀĞůŽƉŵĞŶƚƐ͘ d>^Ͳϱ ^hDDZzzhE/ddzW d/sh>d^E/KZ,Kh^/E' K>D^dKhEdzDZ<dZ YϭϮϬϮϱ ^ŚĂƌĞŽƐƚDŽŶƚŚůǇZĞŶƚƐ dŽƚĂůhŶŝƚǀŐ͘ZĂŶŐĞǀŐ͘ǀŐ͘&ĞĞͬ hŶŝƚdǇƉĞhŶŝƚƐDŝǆ^Ƌ͘&ƚ͘>ŽǁͲ,ŝŐŚ&ĞĞ^Ƌ͘&ƚ͘ KǁŶĞƌ ϭZϳϳϮϴйϴϭϵΨϯϰ͕ϳϴϯͲΨϮϬϮ͕ϵϭϵΨϴϮϬΨϭ͘ϬϬ ϭZнϲϮйϭ͕ϬϭϬΨϭϴϯ͕ϴϯϯͲΨϮϬϮ͕ϵϭϵΨϭ͕ϭϰϭΨϭ͘ϭϯ ϮZϭϳϲϲϰйϭ͕ϮϲϱΨϰϳ͕ϳϮϱͲΨϮϵϵ͕ϵϬϬΨϭ͕ϮϮϮΨϬ͘ϵϳ ϮZнϴϯйϭ͕ϯϭϳΨϮϮϯ͕ϬϭϱͲΨϮϵϱ͕ϬϬϬΨϭ͕ϮϲϰΨϬ͘ϵϲ ϯZϲϮйϭ͕ϰϲϭΨϮϴϬ͕ϬϬϬͲΨϯϰϱ͕ϬϬϬΨϳϯϬΨϬ͘ϱϬ ϯZнϯϭйϭ͕ϰϳϭΨϮϳϱ͕ϮϱϭͲΨϮϳϱ͕ϮϱϭΨϭ͕ϲϬϱΨϭ͘Ϭϵ dŽƚĂů͗ϮϳϲϭϬϬйϭ͕ϭϰϯΨϯϰ͕ϳϴϯͲΨϯϰϱ͕ϬϬϬΨϭ͕ϭϬϯΨϬ͘ϵϳ sĂĐĂŶĐŝĞƐͬZĂƚĞϬϬ͘Ϭй ǀĞƌĂŐĞŐĞϭϵϵϱ ZĞŶƚĂů ^ƚƵĚŝŽϯϵϭϲйϰϵϲͲͲͲͲͲΨϭ͕ϭϰϰΨϮ͘ϯϭ ϭZϭϰϵϲϮйϲϲϴͲͲͲͲͲΨϭ͕ϰϯϯΨϮ͘ϭϱ ϮZϱϭϮϭйϵϱϭͲͲͲͲͲΨϮ͕ϮϭϭΨϮ͘ϯϮ dŽƚĂů͗ϮϯϵϭϬϬйϳϬϬͲͲͲͲͲΨϭ͕ϱϱϮΨϮ͘ϮϮ sĂĐĂŶĐŝĞƐͬZĂƚĞϭϲϲ͘ϳй ǀĞƌĂŐĞŐĞϮϬϱ EŽƚĞ͗dŚŝƐƚĂďůĞŝŶĐůƵĚĞƐĚĂƚĂĨƌŽŵƉƌŽƉĞƌƚŝĞƐƚŚĂƚƉĂƌƚŝĐŝƉĂƚĞĚŝŶƉƌŽǀŝĚŝŶŐƐƵƌǀĞǇŝŶĨŽƌŵĂƚŝŽŶ͘ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϭϮϲ ^E/KZ,Kh^/E'E>z^/^ /ŶĚĞƉĞŶĚĞŶƚ>ŝǀŝŶŐ ͻdŚĞǁĞƌĞŶŝŶĞŝŶĚĞƉĞŶĚĞŶƚůŝǀŝŶŐĨĂĐŝůŝƚŝĞƐƐƵƌǀĞǇĞĚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ǁŝƚŚĂĐŽŵďŝŶĞĚϴϬϯƵŶŝƚƐ͘KŶůǇϭϰǀĂĐĂŶĐŝĞƐǁĞƌĞƌĞƉŽƌƚĞĚĂƐŽĨYϭϮϬϮϱ͕ƌĞƐƵůƚŝŶŐŝŶĂ ǀĂĐĂŶĐǇƌĂƚĞŽĨŽŶůǇϭ͘ϴй͕ǁĞůůďĞůŽǁƚŚĞŵĂƌŬĞƚĞƋƵŝůŝďƌŝƵŵŽĨϱйƚŽĂůůŽǁĨŽƌĂĚĞƋƵĂƚĞ ƚƵƌŶŽǀĞƌĂŶĚĂǀĂŝůĂďŝůŝƚǇŝŶĚŝĐĂƚŝŶŐƉĞŶƚͲƵƉĚĞŵĂŶĚĨŽƌŝŶĚĞƉĞŶĚĞŶƚůŝǀŝŶŐ͘ >ŝŵŝƚĞĚĚĞǀĞůŽƉŵĞŶƚŚĂƐŽĐĐƵƌƌĞĚŝŶƚŚĞŝŶĚĞƉĞŶĚĞŶƚůŝǀŝŶŐŵĂƌŬĞƚƐĞĐƚŽƌĂƐDĂĚŽŶŶĂ x ^ƵŵŵŝƚŝŶƌǇŽŶ;ĞŶĞĚŝĐƟŶĞ>ŝǀŝŶŐͿŝƐƚŚĞŶĞǁĞƐƚĚĞǀĞůŽƉŵĞŶƚŝŶƚŚĞĐŽƵŶƚǇŽƉĞŶŝŶŐŝŶ ϮϬϭϲ͘dŚĞĂǀĞƌĂŐĞǇĞĂƌďƵŝůƚŽĨŝŶĚĞƉĞŶĚĞŶƚůŝǀŝŶŐŚŽƵƐŝŶŐŝŶƚŚĞĐŽƵŶƚǇŝƐϮϬϬϬ͘ d>^Ͳϲ ^hDDZzzhE/ddzW /EWEEd>/s/E'^E/KZ,Kh^/E' K>D^dKhEdzDZ<dZ YϭϮϬϮϱ DŽŶƚŚůǇZĞŶƚƐ dŽƚĂůhŶŝƚǀŐ͘ǀŐ͘ǀŐ͘ZĞŶƚͬ hŶŝƚdǇƉĞhŶŝƚƐDŝǆ^Ƌ͘&ƚ͘ZĞŶƚ^Ƌ͘&ƚ͘ ^ƚƵĚŝŽϲϭйϯϬϰŶ͘Ă͘Ŷ͘Ă͘ ϭZϯϯϬϱϲйϳϬϭΨϮ͕ϰϵϳΨϯ͘ϱϲ ϭZнϱϱϵйϴϵϲΨϮ͕ϴϲϳΨϯ͘ϮϬ ϮZϮϴϰϰϴйϭ͕ϭϱϱΨϯ͕ϲϳϵΨϯ͘ϭϵ ϮZнϵϲϭϲйϭϲϮΨϯ͕ϵϲϯΨϮϰ͘ϰϲ ϯZϯϭйϭ͕ϰϯϰΨϯ͕ϱϲϬΨϮ͘ϰϴ ϭZd,ϯϭйϲϬϬŶ͘Ă͘Ŷ͘Ă͘ ϮZd,ϲϭйϭ͕ϭϬϬŶ͘Ă͘Ŷ͘Ă͘ dŽƚĂů͗ϳϴϯϭϯϮйϵϵϰΨϯ͕ϭϯϮΨϯ͘ϭϱ sĂĐĂŶĐŝĞƐͬZĂƚĞϭϰϭ͘ϳй ǀĞƌĂŐĞŐĞϮϬϬϬ EŽƚĞ͗dŚŝƐƚĂďůĞŝŶĐůƵĚĞƐĚĂƚĂĨƌŽŵƉƌŽƉĞƌƚŝĞƐƚŚĂƚƉĂƌƚŝĐŝƉĂƚĞĚŝŶƉƌŽǀŝĚŝŶŐƐƵƌǀĞǇ ŝŶĨŽƌŵĂƚŝŽŶ͘ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ƐƐŝƐƚĞĚ>ŝǀŝŶŐ dŚĞƌĞĂƌĞϭϯĨĂĐŝůŝƟĞƐŽīĞƌŝŶŐĂƐƐŝƐƚĞĚůŝǀŝŶŐƐĞƌǀŝĐĞƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘ x ƐŽĨYϭϮϬϮϱ͕ƚŚĞƉƌŽƉĞƌƟĞƐƌĞƉŽƌƚĞĚϭϲǀĂĐĂŶĐŝĞƐ͕ĨŽƌĂǀĂĐĂŶĐǇƌĂƚĞŽĨϮ͘ϳй͘dŚŝƐŝƐǁĞůů ďĞůŽǁƚŚĞŵĂƌŬĞƚĞƋƵŝůŝďƌŝƵŵƌĂƚĞŽĨϳйŝŶĚŝĐĂƟŶŐĂǀĞƌǇƟŐŚƚĂƐƐ ŝƐƚĞĚůŝǀŝŶŐŵĂƌŬĞƚ͘EŽ ŽŶĞƉƌŽƉĞƌƚǇŚĂƐĞǆĐĞƐƐŝǀĞǀĂĐĂŶĐŝĞƐĂƐƚŚĞǇĂƌĞƐƉƌĞĂĚŽƵƚĂŵŽŶŐƚŚĞDĂƌŬĞƚƌĞĂ ƉƌŽƉĞƌƟĞƐ͘ dŚĞKs/Ͳ ϭϵƉĂŶĚĞŵŝĐŝŶϮϬϮϬƌĞƐƵůƚĞĚŝŶƐŝŐŶŝĮĐĂŶƚůǇŝŶĐƌĞĂƐĞĚǀĂĐĂŶĐǇƌĂƚĞƐŝŶĂƐƐŝƐƚĞĚ x ůŝǀŝŶŐĂƐƐŽŵĞƌĞƐŝĚĞŶƚƐƐƵĐĐƵŵďĞĚƚŽƚŚĞĚŝƐĞĂƐĞĂůŽŶŐǁŝƚŚĂůĂĐŬŽĨŶĞǁƚĞŶĂŶƚƐǁĂƌǇŽĨ ŵŽǀŝŶŐŝŶƚŽĂƐƐŝƐƚĞĚůŝǀŝŶŐƉƌŽƉĞƌƟĞƐ͘dŚĞŵĂƌŬĞƚǁĂƐƐůŽǁƚŽƌĞĐŽǀĞƌŝŶŝƟĂůůǇ͕ďƵƚŝƚ Dy&/>Z^Z,ΘKE^h>d/E'ϭϮϳ ^E/KZ,Kh^/E'E>z^/^ ĂƉƉĞĂƌƐƚŚĂƚƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŚĂƐĨƵůůǇƌĞĐŽǀĞƌĞĚĂŶĚƚŚĞŵĂƌŬĞƚŝƐĞǀĞŶ ƟŐŚƚĞƌƚŽĚĂǇĂƐǀĂĐĂŶĐŝĞƐĂƌĞǁĞůůďĞůŽǁĞƋƵŝůŝďƌŝƵŵ͘ dŚĞĂǀĞƌĂŐĞŵĂƌŬĞƚƌĞŶƚĂŶĚƐĞƌǀŝĐĞƐǁĂƐΨϰ͕ϮϯϯĂƚƚŚĞƟŵĞŽĨƐƵƌǀĞǇ͘ĚĚŝƟŽŶĂůƉĞƌƐŽŶĂů x ĐĂƌĞĐŽƐƚƐĂƌĞďĂƐĞĚŽŶƚŚĞůĞǀĞůŽĨƐĞƌǀŝĐĞƐŶĞĞĚĞĚĂŌĞƌĂƐƐĞƐƐŵĞŶƚƐ͘dŽƚĂůĂƐƐŝƐƚĞĚůŝǀŝŶŐ ĐŽƐƚƐǁŝƚŚƚŚĞĂĚĚŝƟŽŶŽĨƉĞƌƐŽŶĂůĐĂƌĞƐĞƌǀŝĐĞƐƚǇƉŝĐĂůůǇƌƵŶĂďŽƵƚΨϱ͕ϬϬϬŽƌŚŝŐŚĞƌ͘/Ŷ ĐĞƌƚĂŝŶĐĂƐĞƐ͕ƚŚĞĐŽƐƚƐĐĂŶĂƉƉƌŽĂĐŚΨϭϬ͕ϬϬϬƉĞƌŵŽŶƚŚĨŽƌƌĞƐŝĚĞŶƚƐƚŚĂƚƌĞƋƵŝƌĞŝŶƚĞŶƐŝǀĞ ƉĞƌƐŽŶĂůĐĂƌĞ͘hƟůŝƟĞƐĂƌĞŝŶĐůƵĚĞĚĂŶĚĐŽŵŵŽŶƐĞƌǀŝĐĞƐŝŶĐůƵĚĞŵĞĂůƉůĂŶƐ͕ĂĐƟǀŝƟĞƐ͕ ƚƌĂŶƐƉŽƌƚĂƟŽŶ͕ůĂƵŶĚƌǇƐĞƌǀŝĐĞ;ǁĞĞŬůǇͿ͕ĂŶĚŚŽƵ ƐĞŬĞĞƉŝŶŐ;ǁĞĞŬůǇͬďŝͲǁĞĞŬůǇͿ͘ d>^Ͳϳ ^hDDZzzhE/ddzW ^^/^d>/s/E'^E/KZ,Kh^/E' K>D^dKhEdzDZ<dZ YϭϮϬϮϱ DŽŶƚŚůǇZĞŶƚƐ dŽƚĂůhŶŝƚǀŐ͘ǀŐ͘ǀŐ͘ZĞŶƚͬ hŶŝƚdǇƉĞhŶŝƚƐDŝǆ^Ƌ͘&ƚ͘ZĞŶƚ^Ƌ͘&ƚ͘ ŶŚĂŶĐĞĚĂƌĞϯϮϱйϮϮϵŶ͘Ă͘Ŷ͘Ă͘ ^ĞŵŝͲƉǀƚ͘ϭϮϮйϰϯϬŶ͘Ă͘Ŷ͘Ă͘ ^ƵŝƚĞϭϮϲϮϭйϯϰϳΨϯ͕ϱϯϬΨϭϬ͘ϭϳ ^ƚƵĚŝŽϭϬϮϭϳйϰϯϰΨϰ͕ϭϳϰΨϵ͘ϲϮ ϭZϮϭϱϯϲйϲϯϱΨϰ͕ϭϲϲΨϲ͘ϱϲ ϭZнϳϭйϵϱϴΨϰ͕ϴϵϬΨϱ͘ϭϬ ϮZϵϵϭϳйϴϴϲΨϱ͕ϬϱϳΨϱ͘ϳϭ dŽƚĂů͗ϱϵϯϭϬϬйϰϲϰΨϰ͕ϮϯϯΨϵ͘ϭϮ sĂĐĂŶĐŝĞƐͬZĂƚĞϭϲϮ͘ϳй ǀĞƌĂŐĞŐĞϭϵϵϳ EŽƚĞ͗dŚŝƐƚĂďůĞŝŶĐůƵĚĞƐĚĂƚĂĨƌŽŵƉƌŽƉĞƌƚŝĞƐƚŚĂƚƉĂƌƚŝĐŝƉĂƚĞĚŝŶƉƌŽǀŝĚŝŶŐƐƵƌǀĞǇ ŝŶĨŽƌŵĂƚŝŽŶ͘ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ DĞŵŽƌǇĂƌĞ ƚŽƚĂůŽĨϰϬϲƵŶŝƚƐŝŶϭϭŵĞŵŽƌǇĐĂƌĞĨĂĐŝůŝƟĞƐǁĞƌĞŝĚĞŶƟĮĞĚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇ x DĂƌŬĞƚƌĞĂ͘dŚĞƌĞǁĞƌĞƐĞǀĞŶǀĂĐĂŶĐŝĞƐƌĞƉŽƌƚĞĚĂƐŽĨ^ĞƉƚĞŵďĞƌϮϬϮϰ͕ĨŽƌĂǀĂĐĂŶĐǇ ƌĂƚĞŽĨŽŶůǇϭ͘ϳй͘dŚŝƐŝƐǁĞůůďĞůŽǁƚŚĞŵĂƌŬĞƚĞƋƵŝůŝďƌŝƵŵŽĨϳйŝŶĚŝĐĂƟŶŐĂƐ ƵƉƉůŝĞĚͲ ĐŽŶƐƚƌĂŝŶĞĚŵĂƌŬĞƚĨŽƌŵĞŵŽƌǇĐĂƌĞŚŽƵƐŝŶŐ͘ DĞŵŽƌǇĐĂƌĞĨĂĐŝůŝƟĞƐ͕ŚŽǁĞǀĞƌ͕ŚĂǀĞŚŝŐŚĞƌƚƵƌŶŽǀĞƌĚƵĞƚŽƚŚĞĂĚǀĂŶĐĞĚĐĂƌĞŶĞĞĚĞĚĂŶĚ x ŽǀĞƌĂůůƉƌŽŐƌĞƐƐŝŽŶŽĨůǌŚĞŝŵĞƌ͛ƐĂŶĚĚĞŵĞŶƟĂĨŽƌŝŶĚŝǀŝĚƵĂůƌĞƐŝĚĞŶƚƐ͘KŶůǇĂĨĞǁ ƉƌŽƉĞƌƟĞƐŝĚĞŶƟĮĞĚǀĂĐĂŶĐŝĞƐĂƚƚŚĞƟŵĞŽĨƚŚĞƐƵƌǀĞǇ͘ dŚĞĂǀĞƌĂŐĞŵĂƌŬĞƚƌĂƚĞďĂƐĞƌĞŶƚƐĨŽƌŵĞŵŽƌǇĐĂƌĞƵŶŝƚƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚ x ƌĞĂǁĂƐΨϰ͕ϳϭϭĂƚƚŚĞƟŵĞŽĨƚŚĞƐƵƌǀĞǇ͘dŚĞĂĐƚƵĂůĂǀĞƌĂŐĞĐŽƐƚŽĨŵĞŵŽƌǇĐĂƌĞǁŝƚŚ Dy&/>Z^Z,ΘKE^h>d/E'ϭϮϴ ^E/KZ,Kh^/E'E>z^/^ ƐĞƌǀŝĐĞƐŝƐĞƐƟŵĂƚĞĚĂƚΨϲ͕ϵϯϱĂĐĐŽƌĚŝŶŐƚŽE/;EĂƟŽŶĂů/ŶǀĞƐƚŵĞŶƚĞŶƚĞƌͿĂŶĚĐĂŶƌƵŶĂƐ ŚŝŐŚŽƌŚŝŐŚĞƌƚŚĂŶΨϭϬ͕ϬϬϬĚĞƉĞŶĚŝŶŐŽŶĐĂƌĞ͘hƟůŝƟĞƐĂƌĞŝŶĐůƵĚĞĚĂŶĚĐŽŵŵŽŶƐĞƌǀŝĐĞƐ ŝŶĐůƵĚĞŵĞĂůƉůĂŶƐ͕ĂĐƟǀŝƟĞƐ͕ƚƌĂŶƐƉŽƌƚĂƟŽŶ͕ůĂƵŶĚƌǇƐĞƌǀŝĐĞ;ǁĞĞŬůǇͿ͕ĂŶĚŚŽƵƐĞŬĞĞƉŝŶŐ ;ǁĞĞŬůǇͬďŝͲǁĞĞŬůǇͿ͘ d>^Ͳϴ ^hDDZzzhE/ddzW DDKZzZ^E/KZ,Kh^/E' K>D^dKhEdzDZ<dZ YϭϮϬϮϱ DŽŶƚŚůǇZĞŶƚƐ dŽƚĂůhŶŝƚǀŐ͘ǀŐ͘ǀŐ͘ZĞŶƚͬ hŶŝƚdǇƉĞhŶŝƚƐDŝǆ^Ƌ͘&ƚ͘ZĞŶƚ^Ƌ͘&ƚ͘ ^ŚĂƌĞĚϮϬϬϰϵйϯϰϮΨϰ͕ϬϳϰΨϭϭ͘ϵϭ ^ƵŝƚĞϳϯϭϴйϰϭϴΨϲ͕ϯϯϲΨϭϱ͘ϭϲ ^ƚƵĚŝŽϵϯϮϯйϮϳϯΨϰ͕ϵϵϮΨϭϴ͘Ϯϵ ϭZϯϳϵйϲϭϵΨϰ͕ϮϰϰΨϲ͘ϴϲ ϮZϯϭйϴϲϴΨϱ͕ϱϯϬΨϲ͘ϯϳ dŽƚĂů͗ϰϬϲϭϬϬйϯϲϵΨϰ͕ϳϭϭΨϭϮ͘ϳϳ sĂĐĂŶĐŝĞƐͬZĂƚĞϳϭ͘ϳй ǀĞƌĂŐĞŐĞϮϬϬϳ EŽƚĞ͗dŚŝƐƚĂďůĞŝŶĐůƵĚĞƐĚĂƚĂĨƌŽŵƌĞŶƚĂůƉƌŽƉĞƌƚŝĞƐƚŚĂƚƉĂƌƚŝĐŝƉĂƚĞĚĂŶĚƉƌŽǀŝĚĞĚ ĐŽŵƉůĞƚĞƐƵƌǀĞǇŝŶĨŽƌŵĂƚŝŽŶ͘ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϭϮϵ &KZͲ^>DZ<dE>z^/^ &ŽƌͲ^ĂůĞ,ŽƵƐŝŶŐŶĂůǇƐŝƐ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐĂŶĂůǇǌĞĚƚŚĞĨŽƌͲƐĂůĞŚŽƵƐŝŶŐŵĂƌŬĞƚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇ DĂƌŬĞƚƌĞĂďǇĂŶĂůǇǌŝŶŐĚĂƚĂŽŶƐŝŶŐůĞͲĨĂŵŝůǇĂŶĚŵƵůƚŝĨĂŵŝůǇŚŽŵĞƐĂůĞƐĂŶĚĂĐƚŝǀĞůŝƐƚŝŶŐƐ͕ ŝĚĞŶƚŝĨǇŝŶŐĂĐƚŝǀĞƐƵďĚŝǀŝƐŝŽŶƐĂŶĚƉĞŶĚŝŶŐĨŽƌͲƐĂůĞĚĞǀĞůŽƉŵĞŶƚƐĂŶĚĐŽŶĚƵĐƚŝŶŐƐƵƌǀĞǇƐǁŝƚŚ ůŽĐĂůƌĞĂůĞƐƚĂƚĞƉƌŽĨĞƐƐŝŽŶĂůƐ͕ĚĞǀĞůŽƉĞƌƐ͕ďƵŝůĚĞƌƐĂŶĚƉůĂŶŶŝŶŐŽĨĨŝĐŝĂůƐ͘ ŽƵŶƚǇͲǁŝĚĞ,ŽŵĞZĞƐĂůĞŽŵƉĂƌŝƐŽŶ dĂďůĞ&^Ͳϭ;ůŽĐĂƚĞĚŝŶƚŚĞƉƉĞŶĚŝǆͿĐŽŵƉĂƌĞƐKůŵƐƚĞĚŽƵŶƚǇƌĞƐĂůĞĚĂƚĂĂŐĂŝŶƐƚƚŚĞdǁŝŶ ŝƚŝĞƐDĞƚƌŽƌĞĂ͘dŚĞƚĂďůĞƐƐŚŽǁƐƵŵŵĂƌǇͲůĞǀĞůƌĞƐĂůĞĚĂƚĂĨŽƌƐŝŶŐůĞͲĨĂŵŝůǇĂŶĚŵƵůƚŝĨĂŵŝůǇ ŚŽƵƐŝŶŐƵŶŝƚƐŝŶĨŝǀĞͲǇĞĂƌŝŶĐƌĞŵĞŶƚƐƐŝŶĐĞϮϬϬϱĂŶĚĨƌŽŵϮϬϮϬƚŽϮϬϮϰĂĐĐŽƌĚŝŶŐƚŽ ŝŶĨŽƌŵĂƚŝŽŶƐƵƉƉůŝĞĚƚŚƌŽƵŐŚƚŚĞZĞŐŝŽŶĂůDƵůƚŝƉůĞ>ŝƐƚŝŶŐ^ĞƌǀŝĐĞŽĨDŝŶŶĞƐŽƚĂ͘ KůŵƐƚĞĚŽƵŶƚǇŚŽƵƐŝŶŐǀĂůƵĞƚƌĞŶĚƐŚĂǀĞŚŝƐƚŽƌŝĐĂůůǇďĞĞŶůŽǁĞƌƚŚĂŶdǁŝŶŝƚŝĞƐZĞŐŝŽŶ͘ x ,ŽǁĞǀĞƌ͕ƚŚĞŐĂƉďĞƚǁĞĞŶKůŵƐƚĞĚŽƵŶƚǇĂŶĚƚŚĞdǁŝŶŝƚŝĞƐĐŽŶƚŝŶƵĞƐƚŽƐŚƌŝŶŬŽǀĞƌ ƚŝŵĞ͘/ŶϮϬϮϰ͕KůŵƐƚĞĚŽƵŶƚǇŚŽƵƐŝŶŐĐŽƐƚƐĂƌĞƌŽƵŐŚůǇϭϯ͘ϱйůĞƐƐƚŚĂŶƚŚĞdǁŝŶŝƚŝĞƐ͘ KůŵƐƚĞĚŽƵŶƚǇŚŽƵƐŝŶŐĐŽƐƚƐŚĂǀĞĚŽƵďůĞĚƐŝŶĐĞϮϬϬϱ͕ĨƌŽŵĂƉƉƌŽǆŝŵĂƚĞůǇΨϭϲϱ͕ϬϬϬŝŶ x ϮϬϬϱƚŽΨϯϯϬ͕ϬϬϬŝŶϮϬϮϰ͘ƵƌŝŶŐƚŚĞƐĂŵĞƚŝŵĞĨƌĂŵĞ͕ŚŽƵƐŝŶŐƐĐŽƐƚƐĂƌĞƵƉнϲϳйŝŶƚŚĞ dǁŝŶŝƚŝĞƐDĞƚƌŽƌĞĂƚŽΨϯϴϬ͕ϬϬϬĂƐŽĨϮϬϮϰ͘ ^ŝŶĐĞƚŚĞƉĂŶĚĞŵŝĐĂƌƌŝǀĂůŝŶϮϬϮϬ͕ŚŽƵƐŝŶŐĐŽƐƚƐŝŶKůŵƐƚĞĚŽƵŶƚǇĂƌĞƵƉϮϳйĐŽŵƉĂƌĞĚ x ƚŽϮϱйŝŶƚŚĞdǁŝŶŝƚŝĞƐ͘ DĞĚŝĂŶZĞƐĂůĞŽŵƉĂƌŝƐŽŶƐ͗ϮϬϬϱ͕ϮϬϭϬ͕ϮϬϭϱ͕ϮϬϮϬͲϮϬϮϰ ΨϰϱϬ͕ϬϬϬ dǁŝŶŝƚŝĞƐϳͲƚǇ͘dǁŝŶŝƚŝĞƐZĞŐŝŽŶKůŵƐƚĞĚ ΨϰϬϬ͕ϬϬϬ ΨϯϱϬ͕ϬϬϬ ΨϯϬϬ͕ϬϬϬ ΨϮϱϬ͕ϬϬϬ ΨϮϬϬ͕ϬϬϬ ΨϭϱϬ͕ϬϬϬ ΨϭϬϬ͕ϬϬϬ ΨϱϬ͕ϬϬϬ ΨϬ ϮϬϬϱϮϬϭϬϮϬϮϬϮϬϮϮϮϬϮϯϮϬϮϰ Dy&/>Z^Z,ΘKE^h>d/E'ϭϯϬ &KZͲ^>DZ<dE>z^/^ KůŵƐƚĞĚŽƵŶƚǇ,ŝƐƚŽƌŝĐ,ŽƵƐŝŶŐ^ĂůĞƐ ΨϯϱϬ͕ϬϬϬϯ͕ϱϬϬ DĞĚŝĂŶ^ĂůĞƐWƌŝĐĞZĞƐĂůĞƐ ΨϯϬϬ͕ϬϬϬϯ͕ϬϬϬ ΨϮϱϬ͕ϬϬϬϮ͕ϱϬϬ ΨϮϬϬ͕ϬϬϬϮ͕ϬϬϬ ΨϭϱϬ͕ϬϬϬϭ͕ϱϬϬ ΨϭϬϬ͕ϬϬϬϭ͕ϬϬϬ ΨϱϬ͕ϬϬϬϱϬϬ ΨϬϬ ,ŽŵĞZĞƐĂůĞŽŵƉĂƌŝƐŽŶŝŶKůŵƐƚĞĚŽƵŶƚǇΘsŝĐŝŶŝƚǇ dĂďůĞƐ&^ͲϮĂŶĚ&^Ͳϯ;ďŽƚŚŝŶƚŚĞƉƉĞŶĚŝǆͿƉƌĞƐĞŶƚƐƵŵŵĂƌǇĚĂƚĂĨŽƌƌĞƐĂůĞƐŽĨƐŝŶŐůĞͲĨĂŵŝůǇ ĂŶĚŵƵůƚŝĨĂŵŝůǇŚŽƵƐŝŶŐƵŶŝƚƐĨŽƌƚŚĞKůŵƐƚĞĚŽƵŶƚǇƐƵďŵĂƌŬĞƚƐŝŶĨŝǀĞͲǇĞĂƌŝŶĐƌĞŵĞŶƚƐĨƌŽŵ ϮϬϬϬƚŽϮϬϮϬĂŶĚĂŶŶƵĂůůǇĨƌŽŵϮϬϮϬƚŽϮϬϮϰ͘ĂƚĂŝƐƐŽƵƌĐĞĚĨƌŽŵƚŚĞZĞŐŝŽŶĂůDƵůƚŝƉůĞ >ŝƐƚŝŶŐ^ĞƌǀŝĐĞŽĨDŝŶŶĞƐŽƚĂ͘ĞĐĂƵƐĞƌĞĂůĞƐƚĂƚĞĚĂƚĂŝƐƚŝĞĚƚŽŵĂŝůŝŶŐĂĚĚƌĞƐƐĞƐ͕ƚŚĞ ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞƐƵďŵĂƌŬĞƚŚĂƐďĞĞŶĐŽŵďŝŶĞĚǁŝƚŚƚŚĞZŽĐŚĞƐƚĞƌƐƵďŵĂƌŬĞƚ͘ ^ŝŶŐůĞͲ&ĂŵŝůǇZĞƐĂůĞƐ ^ŝŶŐůĞͲĨĂŵŝůǇƐĂůĞƐǁĞƌĞĂƚƚŚĞůŽǁĞƐƚĐŽŵŝŶŐŽƵƚŽĨƚŚĞ'ƌĞĂƚZĞĐĞƐƐŝŽŶĂŶĚďŽƚƚŽŵĞĚĂƚ x ƵŶĚĞƌϭ͕ϱϬϬŝŶϮϬϭϬ͘^ĂůĞƐƌĞďŽƵŶĚĞĚĂŶĚƉĞĂŬĞĚŝŶϮϬϭϱĂƚŽǀĞƌϮ͕ϱϬϬƐĂůĞƐ͘ ůƚŚŽƵŐŚƚŚĞĞĂƌůǇǇĞĂƌƐŽĨƚŚĞƉĂŶĚĞŵŝĐĂǀĞƌĂŐĞĚŽǀĞƌϮ͕ϯϬϬƐĂůĞƐĂŶŶƵĂůůǇ͕ƐĂůĞƐ x ǀĞůŽĐŝƚŝĞƐŚĂǀĞďĞĞŶĚŽǁŶƐŝŶĐĞϮϬϮϮĂŶĚƌŝƐŝŶŐŵŽƌƚŐĂŐĞƌĂƚĞƐ͘^ŝŶĐĞϮϬϮϬ͕ƐĂůĞƐĂƌĞ ĚŽǁŶϮϰйŝŶϮϬϮϰ͘ dŚŽƵŐŚƚƌĂŶƐĂĐƚŝŽŶǀŽůƵŵĞƌĞŵĂŝŶƐŵƵƚĞĚ͕ŵĞĚŝĂŶƐŝŶŐůĞͲĨĂŵŝůǇƉƌŝĐŝŶŐĐŽŶƚŝŶƵĞƐƚŽƌŝƐĞ x ĂŶĚƌĞĂĐŚĞĚĂŶĞǁĂůůͲƚŝŵĞŚŝŐŚŽĨΨϯϰϳ͕ϯϵϯŝŶϮϬϮϰ͘ ,ŝƐƚŽƌŝĐĂůůǇ͕ƐŝŶŐůĞͲĨĂŵŝůǇƌĞƐĂůĞƐŚĂǀĞĂĐĐŽƵŶƚĞĚĨŽƌϴϯйŽĨĂůůƚƌĂŶƐĂĐƚŝŽŶƐƐŝŶĐĞϮϬϬϬ͘ x Dy&/>Z^Z,ΘKE^h>d/E'ϭϯϭ &KZͲ^>DZ<dE>z^/^ ^ŝŶŐůĞͲ&ĂŵŝůǇZĞƐĂůĞdƌĞŶĚƐ͗ϮϬϬϬƚŽϮϬϮϰ ΨϰϬϬ͕ϬϬϬϯ͕ϬϬϬ DĞĚŝĂŶ^ŽůĚWƌŝĐĞ^ŽůĚ ΨϯϱϬ͕ϬϬϬ Ϯ͕ϱϬϬ ΨϯϬϬ͕ϬϬϬ Ϯ͕ϬϬϬ ΨϮϱϬ͕ϬϬϬ ΨϮϬϬ͕ϬϬϬϭ͕ϱϬϬ ΨϭϱϬ͕ϬϬϬ ϭ͕ϬϬϬ ΨϭϬϬ͕ϬϬϬ ϱϬϬ ΨϱϬ͕ϬϬϬ ΨϬϬ ϮϬϬϬϮϬϬϱϮϬϭϬϮϬϭϱϮϬϮϬϮϬϮϭϮϬϮϮϮϬϮϯϮϬϮϰ DĞĚŝĂŶZĞƐĂůĞWƌŝĐĞŽĨ^ŝŶŐůĞ&ĂŵŝůǇ,ŽŵĞƐďǇ^ƵďŵĂƌŬĞƚ ΨϯϱϬ͕ϬϬϬ ϮϬϬϬϮϬϬϱϮϬϭϬϮϬϭϱϮϬϮϬϮϬϮϰ ΨϯϬϬ͕ϬϬϬ ΨϮϱϬ͕ϬϬϬ ΨϮϬϬ͕ϬϬϬ ΨϭϱϬ͕ϬϬϬ ΨϭϬϬ͕ϬϬϬ ΨϱϬ͕ϬϬϬ ΨϬ ǇƌŽŶŚĂƚŝĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌ^ƚĞǁĂƌƚǀŝůůĞKůŵƐƚĞĚD ƚǇ͘DŝƐƚƌŝĐƚ ^ŝŶŐůĞͲ&ĂŵŝůǇZĞƐĂůĞƐďǇ^ƵďŵĂƌŬĞƚ ϰ͘ϴйϰ͘ϴй ϭ͘ϵй EĞĂƌůǇϴϬйĂůůŽĨƐŝŶŐůĞͲĨĂŵŝůǇƌĞƐĂůĞƐŝŶ x ϯ͘ϵй ϱ͘ϱй ϮϬϮϰǁĞƌĞŝŶƚŚĞZŽĐŚĞƐƚĞƌͬZŽĐŚĞƐƚĞƌ &ƌŝŶŐĞƐƵďŵĂƌŬĞƚ͘dŚĞ^ƚĞǁĂƌƚǀŝůůĞ͕ EŽƌƚŚ͕ĂŶĚǇƌŽŶ^ƵďŵĂƌŬĞƚƐĂůůŚŽǀĞƌ ĂƌŽƵŶĚϱйŵĂƌŬĞƚƐŚĂƌĞ͘ ϳϵ͘ϭй ǇƌŽŶŚĂƚŝĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌ^ƚĞǁĂƌƚǀŝůůĞ Dy&/>Z^Z,ΘKE^h>d/E'ϭϯϮ ϭϯϯ WƌŝĐĞďǇ^ƵďŵĂƌŬĞƚ ^ĂůĞ ZĞƐĂůĞƐΘDĞĚŝĂŶ &ĂŵŝůǇ Ͳ ^ŝŶŐůĞ Dy&/>Z^Z,ΘKE^h>d/E' ^>,Kh^/E'E>z^/^ Ͳ &KZ &KZͲ^>,Kh^/E'E>z^/^ DƵůƚŝĨĂŵŝůǇZĞƐĂůĞƐ ^ŝŶĐĞϮϬϬϬ͕ŵƵůƚŝĨĂŵŝůǇŚĂƐŵĂĚĞͲƵƉĂƌŽƵŶĚϭϳйŽĨĂůůƌĞƐĂůĞƚƌĂŶƐĂĐƚŝŽŶŝŶƚŚĞKůŵƐƚĞĚ x ŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘DƵůƚŝĨĂŵŝůǇƐĂůĞƐƉĞĂŬĞĚŝŶϮϬϮϬǁŝƚŚϱϲϱƐĂůĞƐ͕ďƵƚŚĂƐƐŝŶĐĞ ĚĞĐůŝŶĞĚƚŽŽŶůǇϰϭϬƐĂůĞƐŝŶϮϬϮϰ;ͲϮϳйͿ͘ DƵůƚŝĨĂŵŝůǇZĞƐĂůĞƐďǇ^ƵďŵĂƌŬĞƚ ^ŝŵŝůĂƌƚŽƚŚĞƐŝŶŐůĞͲĨĂŵŝůǇŵĂƌŬĞƚ͕ x ƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚĚŽŵŝŶĂƚĞƐƚŚĞ Ϭ͘ϳй ϭ͘Ϭй ϰ͘ϲй Ϭ͘ϱй ŵƵůƚŝĨĂŵŝůǇƐƉĂĐĞ͘/ŶϮϬϮϰ͕ƚŚĞZŽĐŚĞƐƚĞƌ ϲ͘ϭй ^ƵďŵĂƌŬĞƚĂĐĐŽƵŶƚĞĚĨŽƌϴϳйŽĨĂůůŵƵůƚŝĨĂŵŝůǇ ƚƌĂŶƐĂĐƚŝŽŶƐ͘dŚĞǇƌŽŶ^ƵďŵĂƌŬĞƚǁĂƐƚŚĞ ϮŚŝŐŚĞƐƚƐĂůĞƐŵĂƌŬĞƚŵĂŬŝŶŐƵƉϲйŽĨƐĂůĞƐ͘ ŶĚ ϴϳ͘ϭй ǇƌŽŶŚĂƚŝĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌ^ƚĞǁĂƌƚǀŝůůĞ DƵůƚŝĨĂŵŝůǇZĞƐĂůĞdƌĞŶĚƐ͗ϮϬϬϬƚŽϮϬϮϰ ΨϯϬϬ͕ϬϬϬϲϬϬ ΨϮϱϬ͕ϬϬϬϱϬϬ ΨϮϬϬ͕ϬϬϬϰϬϬ ΨϭϱϬ͕ϬϬϬϯϬϬ ΨϭϬϬ͕ϬϬϬϮϬϬ ΨϱϬ͕ϬϬϬϭϬϬ ΨϬϬ ϮϬϬϬϮϬϬϱϮϬϭϬϮϬϭϱϮϬϮϬϮϬϮϭϮϬϮϮϮϬϮϯϮϬϮϰ DĞĚŝĂŶ^ŽůĚWƌŝĐĞ^ŽůĚ /ŶϮϬϮϰ͕ŵƵůƚŝĨĂŵŝůǇƌĞƐĂůĞƐǀĂůƵĞƐƌĂŶŐĞĚĨƌŽŵΨϭϱϬ͕ϬϬϬŝŶƚŚĞDŝƐƚƌŝĐƚƵƉƚŽ x Ψϯϭϱ͕ϬϬϬŝŶƚŚĞĂƐƚ^ƵďŵĂƌŬĞƚ͘dŚĞŵĞĚŝĂŶǀĂůƵĞĂĐƌŽƐƐƚŚĞŽƵŶƚǇǁĂƐΨϮϲϲ͕ϴϴϲ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϯϰ &KZͲ^>,Kh^/E'E>z^/^ DƵůƚŝĨĂŵŝůǇZĞƐĂůĞWƌŝĐĞŽŵƉĂƌŝƐŝŽŶďǇ^ƵďŵĂƌŬĞƚ ΨϯϱϬ͕ϬϬϬ ΨϯϬϬ͕ϬϬϬ ΨϮϱϬ͕ϬϬϬ ΨϮϬϬ͕ϬϬϬ ΨϭϱϬ͕ϬϬϬ ΨϭϬϬ͕ϬϬϬ ΨϱϬ͕ϬϬϬ ΨϬ ǇƌŽŶŚĂƚŝĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌ^ƚĞǁĂƌƚǀŝůůĞKůŵƐƚĞĚDŝƐƚƌŝĐƚ ƚǇ͘D Dy&/>Z^Z,ΘKE^h>d/E'ϭϯϱ ϭϯϲ DƵůƚŝĨĂŵŝůǇZĞƐĂůĞƐΘDĞĚŝĂŶ^ĂůĞWƌŝĐĞďǇ^ƵďŵĂƌŬĞƚ Dy&/>Z^Z,ΘKE^h>d/E' ^>,Kh^/E'E>z^/^ Ͳ &KZ &KZͲ^>,Kh^/E'E>z^/^ ^ŝŶŐůĞͲĨĂŵŝůǇǀƐ͘DƵůƚŝĨĂŵŝůǇZĞƐĂůĞƐ dŚĞƉƌŝĐĞƐƉƌĞĂĚďĞƚǁĞĞŶƐŝŶŐůĞͲĨĂŵŝůǇĂŶĚŵƵůƚŝĨĂŵŝůǇĐŽŶƚŝŶƵĞƐƚŽĞǆƉĂŶĚǁŝƚŚƚŝŵĞ͘Ɛ x ŽĨϮϬϮϰ͕ƚŚĞƚǇƉŝĐĂůƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞŝƐŽǀĞƌϮϯйŵŽƌĞƚŚĂŶƚŚĞŵĞĚŝĂŶƉƌŝĐĞŽĨĂ ŵƵůƚŝĨĂŵŝůǇƵŶŝƚ͘ ^&ǀƐ͘D&WƌŝĐĞŽŵƉĂƌŝƐŽŶ͗ϮϬϬϬƚŽϮϬϮϰ ΨϰϬϬ͕ϬϬϬ ^&D& ΨϯϱϬ͕ϬϬϬ Ψϯϰϳ͕ϯϵϯ ΨϯϬϬ͕ϬϬϬ ΨϮϱϬ͕ϬϬϬ ΨϮϳϬ͕ϳϳϭ ΨϮϲϲ͕ϴϴϲ ΨϮϬϬ͕ϬϬϬ ΨϮϭϮ͕ϯϵϵ Ψϭϴϳ͕ϵϮϳ ΨϭϱϬ͕ϬϬϬ Ψϭϲϵ͕ϰϵϭ ΨϭϲϮ͕ϭϲϱ Ψϭϰϳ͕ϰϲϮ ΨϭϰϮ͕ϵϲϱ Ψϭϯϯ͕ϭϰϬ Ψϭϯϭ͕ϭϬϱ ΨϭϬϬ͕ϬϬϬ ΨϭϮϭ͕ϴϴϳ ΨϱϬ͕ϬϬϬ ΨϬ ϮϬϬϬϮϬϬϱϮϬϭϬϮϬϭϱϮϬϮϬϮϬϮϰ ZĞƐĂůĞƐďǇWƌŝĐĞWŽŝŶƚ dĂďůĞ&^Ͳ ϰ;ŝŶƚŚĞƉƉĞŶĚŝǆͿƐŚŽǁƐƚŚĞĚŝƐƚƌŝďƵƟŽŶŽĨƐĂůĞƐǁŝƚŚŝŶƚǁĞůǀĞƉƌŝĐĞƌĂŶŐĞƐĨƌŽŵ ƌĞƐĂůĞƐŝŶϮϬϮϰ͘dŚĞŐƌĂƉŚŽŶƚŚĞĨŽůůŽǁŝŶŐƉĂŐĞǀŝƐƵĂůůǇĚŝƐƉůĂǇƐƚŚĞƐĂůĞƐĚĂƚĂ͘ ,ŽŵĞƉƌŝĐĞƐŚĂǀĞƐŚŝŌĞĚƵƉǁĂƌĚƐƐŝŐŶŝĮĐĂŶƚůǇĨƌŽŵƚŚĞƉƌĞǀŝŽƵƐŚŽƵƐŝŶŐƐƚƵĚǇĐŽŵƉůĞƚĞĚ x ŝŶϮϬϭϵ͘/ŶϮϬϭϵ͕ϯϬйŽĨĂůůƐĂůĞƐĐůŽƐĞĚĨŽƌůĞƐƐƚŚĂŶΨϮϬϬ͕ϬϬϬ͕ĐŽŵƉĂƌĞĚƚŽŽŶůǇϴйŝŶ ϮϬϮϰ͘^ŝŵŝůĂƌůǇ͕ϳйŽĨŚŽŵĞƐĂůĞƐĐůŽƐĞĚĨŽƌŵŽƌĞƚŚĂŶΨϱϬϬ͕ϬϬϬĐŽŵƉĂƌĞĚƚŽϭϵйŝŶϮϬϮϰ͘ WƌŝĐĞZĂŶŐĞϮϬϭϵϮϬϮϰEŽ͘WĐƚ͘ŚŐ͘ фΨϮϬϬŬϴϮϰϭϳϲͲϲϰϴͲϳϴ͘ϲй ΨϮϬϬŬƚŽΨϯϬϬŬϭ͕ϬϳϳϲϳϯͲϰϬϰͲϯϳ͘ϱй ΨϯϬϬŬƚŽΨϰϬϬŬϰϯϯϲϭϰϭϴϭϰϭ͘ϴй ΨϰϬϬŬƚŽΨϱϬϬŬϮϭϲϯϬϯϴϳϰϬ͘ϯй ΨϱϬϬŬƚŽΨϳϱϬŬϭϰϯϮϳϳϭϯϰϵϯ͘ϳй ΨϳϱϬŬнϰϱϭϰϯϵϴϮϭϳ͘ϴй dŽƚĂůϮ͕ϳϯϴϮ͕ϭϴϲͲϱϱϮͲϮϬ͘Ϯй Dy&/>Z^Z,ΘKE^h>d/E'ϭϯϳ &KZͲ^>,Kh^/E'E>z^/^ ƵĞƚŽƚŚĞůŝŵŝƚĞĚƐƵƉƉůǇŽĨŚŽŵĞƐĨŽƌƐĂůĞ͕ƚŚĞƌĞǁĞƌĞϮϬйĨĞǁĞƌƌĞƐĂůĞƐŝŶϮϬϮϰ x ĐŽŵƉĂƌĞĚƚŽϮϬϭϵ͘ ZĞƐĂůĞƐďǇWƌŽĚƵĐƚdǇƉĞĂŶĚWƌŝĐĞ͗ϮϬϮϰ ϲϬϬ ϱϬϳ ϱϬϱ ϱϬϬ ϰϬϬ Ϯϳϲ ϯϬϬ Ϯϱϴ ϭϲϴ ϮϬϬ ϭϰϭ ϭϬϳ ϴϱ ϴϮ ϭϬϬ Ϯϳ ϭϵ ϱ ϰ Ϯ Ϭ hŶĚĞƌΨϭϬϬŬΨϭϬϬŬƚŽΨϮϬϬŬƚŽΨϯϬϬŬƚŽΨϰϬϬŬƚŽΨϱϬϬŬƚŽΨϳϱϬŬн Ψϭϵϵ͘ϵŬΨϮϵϵ͘ϵŬΨϯϵϵ͘ϵŬΨϰϵϵ͘ϵŬΨϳϰϵ͘ϵŬ ^&ǀƐ͘D&ZĞƐĂůĞWƌŝĐĞϮϬϮϰ ΨϱϬϬ͕ϬϬϬ ^&DĞĚŝĂŶD&DĞĚŝĂŶ ΨϰϱϬ͕ϬϬϬ ΨϰϬϬ͕ϬϬϬ ΨϯϱϬ͕ϬϬϬ ΨϯϬϬ͕ϬϬϬ ΨϮϱϬ͕ϬϬϬ ΨϮϬϬ͕ϬϬϬ ΨϭϱϬ͕ϬϬϬ ΨϭϬϬ͕ϬϬϬ ΨϱϬ͕ϬϬϬ ΨϬ ǇƌŽŶŚĂƚĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌ^ƚĞǁĂƌƚǀŝůůĞKůŵƐƚĞĚƚǇ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϯϴ &KZͲ^>,Kh^/E'E>z^/^ KǁŶĞƌͲKĐĐƵƉŝĞĚdƵƌŶŽǀĞƌ dĂďůĞ&^Ͳ ϱŝŶƚŚĞƉƉĞŶĚŝǆŝůůƵƐƚƌĂƚĞƐĞǆŝƐƟŶŐŚŽŵĞƚƵƌŶŽǀĞƌĂƐĂƉĞƌĐĞŶƚĂŐĞŽĨŽǁŶĞƌ ͲŽĐĐƵƉŝĞĚ ƵŶŝƚƐďǇKůŵƐƚĞĚŽƵŶƚǇƐƵďŵĂƌŬĞƚ͘ZĞƐĂůĞƐĂƌĞďĂƐĞĚŽŶŚŝƐƚŽƌŝĐƚƌĂŶƐĂĐƟŽŶǀŽůƵŵĞĨƌŽŵ ϮϬϬϬƚŚƌŽƵŐŚϮϬϮϰ͘KǁŶĞƌͲŽĐĐƵƉŝĞĚŚŽƵƐŝŶŐƵŶŝƚƐĂƌĞƐŽƵƌĐĞĚƚŽƚŚĞh͘^͘ĞŶƐƵƐĂƐŽĨϮϬϮϯ ǁŚŝĐŚǁĞƌĞĂĚũƵƐƚĞĚƚŽĐƵƌƌĞŶƚǇĞĂƌĞƐƟŵĂƚĞƐďǇDĂǆĮĞůĚZĞƐĞĂƌĐŚ͘ ƐĚŝƐƉůĂǇĞĚŝŶƚŚĞƚĂďůĞ͕ĂŶĞƐƟŵĂƚĞĚϱ͘ϭйŽĨƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͛ƐŽǁŶĞƌ Ͳ ŽĐĐƵƉŝĞĚŚŽƵƐŝŶŐƐƚŽĐŬŝƐƐŽůĚĂŶŶƵĂůůǇ͘dǇƉŝĐĂůůǇ͕ǁĞĮŶĚŽǁŶĞƌ ͲŽĐĐƵƉŝĞĚƚƵƌŶŽǀĞƌƌĂŶŐĞƐ ĨƌŽŵϯйĂƚƚŚĞůŽǁͲĞŶĚƚŽϴйĂƚƚŚĞŚŝŐŚͲ ĞŶĚŝŶŵĂŶǇĐŽŵŵƵŶŝƟĞƐŝŶDŝŶŶĞƐŽƚĂ͘dƵƌŶŽǀĞƌ ǁĂƐůŽǁĞƐƚŝŶƚŚĞEŽƌƚŚ^ƵďŵĂƌŬĞƚ;ϯ͘ϭйͿĂŶĚŚŝŐŚĞƐƚŝŶƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ;ϱ͘ϲйͿ͘ ĞƐƉŝƚĞůŽǁĞƌƐƵƉƉůǇŝŶƚŚĞƉĂƐƚĨĞǁǇĞĂƌƐ͕ƌĞƐĂůĞƐǁĞƌĞŚŝŐŚĂƚƚŚĞŽŶƐĞƚŽĨƉĂŶĚĞŵŝĐƚŚĂƚŚĂƐ ƌĞƐƵůƚĞĚŝŶĂŚŝŐŚĞƌƚƵƌŶŽǀĞƌƌĂƚĞĐƵƌƌĞŶƚůǇǀƐ͘ƚŚĞƉƌĞǀŝŽƵƐϮϬϭϵŚŽƵƐŝŶŐƐƚƵĚǇ;ϰ͘ϱйͿ͘ KǁŶĞƌͲKĐĐƵƉŝĞĚŶŶƵĂůdƵƌŶŽǀĞƌǀŐ͘ DŝƐƚƌŝĐƚ ϱ͘Ϭй KůŵƐƚĞĚƚǇ͘D ϱ͘ϭй ^ƚĞǁĂƌƚǀŝůůĞ ϯ͘ϯй ZŽĐŚĞƐƚĞƌƌĞĂ ϱ͘ϲй EŽƌƚŚ ϯ͘ϭй ĂƐƚ ϯ͘ϯй ŚĂƚĨŝĞůĚ ϯ͘ϱй ǇƌŽŶ ϰ͘ϴй Ϭ͘Ϭйϭ͘ϬйϮ͘Ϭйϯ͘Ϭйϰ͘Ϭйϱ͘Ϭйϲ͘Ϭй ,ŽŵĞZĞƐĂůĞƐƉĞƌ^ƋƵĂƌĞ&ŽŽƚ;͞W^&͟Ϳ dĂďůĞ&^Ͳ ϲŝŶƚŚĞƉƉĞŶĚŝǆƐŚŽǁƐƚŚĞĚŝƐƚƌŝďƵƟŽŶŽĨƐĂůĞƐďǇƐĂůĞƐƉƌŝĐĞƉĞƌƐƋƵĂƌĞĨŽŽƚ;͞W^&͟Ϳ ĨƌŽŵϮϬϭϬƚŚƌŽƵŐŚϮϬϮϰ͘dŚĞƐĂůĞƐƉĞƌƐƋƵĂƌĞĨŽŽƚŵĞƚƌŝĐŝƐƚŚĞƐĂůĞƐƉƌŝĐĞŽĨƚŚĞŚŽŵĞ ĚŝǀŝĚĞĚďǇƚŚĞĮŶŝƐŚĞĚƐƋƵĂƌĞĨŽŽƚĂŐĞ͘dĂďůĞ&^ͲϳŝůůƵƐƚƌĂƚĞƐW^&Ɖ ƌŝĐŝŶŐďĞƚǁĞĞŶĞǆŝƐƟŶŐ ŚŽŵĞƐĂŶĚŶĞǁĐŽŶƐƚƌƵĐƟŽŶŝŶKůŵƐƚĞĚŽƵŶƚǇĂŶĚƚŚĞdǁŝŶŝƟĞƐDĞƚƌŽƌĞĂ͘dŚĞĨŽůůŽǁŝŶŐ ŐƌĂƉŚƐǀŝƐƵĂůůǇĚŝƐƉůĂǇƚŚĞƐĂůĞƐĚĂƚĂ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϯϵ &KZͲ^>,Kh^/E'E>z^/^ dŚĞŵĞĚŝĂŶĂŶĚĂǀĞƌĂŐĞƉƌŝĐĞƉĞƌƐƋƵĂƌĞĨŽŽƚŝŶĐƌĞĂƐĞĚƐƵďƐƚĂŶƟĂůůǇŽǀĞƌƚŚĞƉĂƐƚĚĞĐĂĚĞ x ƉůƵƐ͘KůŵƐƚĞĚŽƵŶƚǇ͛ƐŵĞĚŝĂŶƉƌŝĐĞƉĞƌƐƋƵĂƌĞĨŽŽƚǁĂƐΨϳϲŝŶϮϬϭϬ;ĐŽŵŝŶŐŽƵƚŽĨƚŚĞ 'ƌĞĂƚZĞĐĞƐƐŝŽŶͿďĞĨŽƌĞŐƌŽǁŝŶŐƚŽŝƚƐŚŝŐŚĞƐƚƉŽŝŶƚŝŶϮϬϮϰĂƚΨϭϳϱƉĞƌƐƋƵĂƌĞĨŽŽƚ͘ KůŵƐƚĞĚŽƵŶƚǇŚŽƵƐŝŶŐƐĐŽƐƚƐŽŶĂŵĞĚŝĂŶW^&ďĂƐŝƐĂƌĞĂďŽƵƚϭϮ͘ϱйůĞƐƐƚŚĂŶƚŚĞdǁŝŶ x ŝƟĞƐDĞƚƌŽƌĞĂĂǀĞƌĂŐĞ;ΨϭϳϱW^&ǀƐ͘ΨϭϵϴW^&Ϳ͘dŚĞŐĂƉŚĂƐƐŚƌƵŶŬǁŝƚŚƟŵĞ͕ƌĂŶŐŝŶŐ ĨƌŽŵĂϯϬйƐƉƌĞĂĚŝŶϮϬϭϬƚŽϭϮ͘ϱйĂƐŽĨϮϬϮϰ͘ DĞĚŝĂŶ^ĂůĞƐWƌŝĐĞƉĞƌ^ƋƵĂƌĞ&ŽŽƚ ΨϮϮϬ dǁŝŶŝƚŝĞƐDĞƚƌŽƌĞĂKůŵƐƚĞĚŽƵŶƚǇ ΨϮϬϬ ΨϭϴϬ ΨϭϲϬ DĞĚŝĂŶW^& ΨϭϰϬ ΨϭϮϬ ΨϭϬϬ ΨϴϬ ΨϲϬ ϮϬϭϬϭϭϭϮϭϯϭϰϮϬϭϱϭϲϭϳϭϴϭϵϮϬϮϬϮϭϮϮϮϯϮϰ zĞĂƌ ^ŝŶĐĞϮϬϭϬ͕ƚŚĞƉƌŝĐĞŽĨĂŶĞǆŝƐƟŶŐŚŽŵĞŝŶKůŵƐƚĞĚŽƵŶƚǇŝƐϰϴйůĞƐƐƉĞƌƐƋƵĂƌĞĨŽŽƚƚŚĂŶ x ƚŚĞĐŽƐƚŽĨŶĞǁĐŽŶƐƚƌƵĐƟŽŶ͘dŚĞƌĂƟŽǁĂƐĐůŽƐĞƐƚĐŽŵŝŶŐŽƵƚŽĨƚŚĞ'ƌĞĂƚZĞĐĞƐƐŝŽŶďƵƚ ĞǆƉĂŶĚĞĚƋƵŝĐŬůǇĂƐƚŚĞŚŽƵƐŝŶŐŵĂƌŬĞƚƌĞďŽƵŶĚĞĚƋƵŝĐŬůǇĨƌŽŵůĞŶĚĞƌͲŵĞĚŝĂƚĞĚ ƉƌŽƉĞƌƟĞƐ͘dŚĞŶĞǁĐŽŶƐƚƌƵĐƟŽŶƐƉƌĞĂĚǁĂƐƌĞĐĞŶƚůǇϰϴ͘ϱйŝŶϮϬϮϯďĞĨŽƌĞĨĂůůŝŶŐƚŽϯϴй ŝŶϮϬϮϰ͘ ,ŝƐƚŽƌŝĐĂůůǇƚŚĞĐŽƐƚŽĨŶĞǁĐŽŶƐƚƌƵĐƟŽŶŝŶƚŚĞdǁŝŶŝƟĞƐǁĂƐŚŝŐŚĞƌ͕ŚŽǁĞǀĞƌŽǀĞƌƚŚĞ x ƉĂƐƚĚĞĐĂĚĞKůŵƐƚĞĚŽƵŶƚǇƉƌŝĐŝŶŐŚĂƐďĞĞŶŽŶͲƉĂƌŽƌĞǆĐĞĞĚŝŶŐƚŚĞW^&ĐŽƐƚĨŽƌŶĞǁ ĐŽŶƐƚƌƵĐƟŽŶ͘ƐŽĨϮϬϮϰ͕ƚŚĞW^&ĨŽƌŶĞǆƚĐŽŶƐƚƌƵĐƟŽŶǁĂƐΨϮϯϱŝŶKůŵƐƚĞĚŽƵŶ ƚǇǀƐ͘ ΨϮϭϳĨŽƌƚŚĞdǁŝŶŝƟĞƐ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϰϬ &KZͲ^>,Kh^/E'E>z^/^ ǆŝƐƚŝŶŐƐǀƐ͘EĞǁŽŶƐƚƌƵĐƚŝŽŶW^&ŽƐƚƐ͗KůŵƐƚĞĚŽƵŶƚǇ ΨϮϲϬ ΨϮϰϮ ΨϮϯϳ ΨϮϯϱ ǆŝƐƚŝŶŐ,ŽŵĞEĞǁŽŶƐƚƌƵĐƚŝŽŶ ΨϮϰϬ ΨϮϭϯ ΨϮϮϬ Ψϭϴϳ ΨϮϬϬ Ψϭϳϱ Ψϭϲϵ ΨϭϴϬ Ψϭϲϰ Ψϭϱϴ Ψϭϱϰ ΨϭϱϬ W^& ΨϭϲϬ ΨϭϰϬ ΨϭϳϬ Ψϭϲϯ ΨϭϲϬ ΨϭϰϬ ΨϭϱϬ ΨϭϭϮ ΨϭϮϬ Ψϭϯϭ Ψϵϯ ΨϵϭΨϭϮϮ ΨϭϬϬΨϭϭϲ Ψϭϭϭ ΨϭϬϭ ΨϴϬ ΨϵϮ Ψϴϳ Ψϴϭ Ψϳϳ ΨϲϬ Ψϳϰ Ψϳϭ ϮϬϭϬϭϭϭϮϭϯϭϰϮϬϭϱϭϲϭϳϭϴϭϵϮϬϮϬϮϭϮϮϮϯϮϰ zĞĂƌ EĞǁŽŶƐƚƌƵĐƚŝŽŶDĞĚŝĂŶW^&ŽŵƉĂƌŝƐŽŶ ΨϯϬϬ KůŵƐƚĞĚŽƵŶƚǇdǁŝŶŝƚŝĞƐDĞƚƌŽƌĞĂ ΨϮϱϬ ΨϮϬϬ ΨϭϱϬ ΨϭϬϬ ΨϱϬ ΨϬ ϮϬϭϬϭϭϭϮϭϯϭϰϮϬϭϱϭϲϭϳϭϴϭϵϮϬϮϬϮϭϮϮϮϯϮϰ Dy&/>Z^Z,ΘKE^h>d/E'ϭϰϭ &KZͲ^>,Kh^/E'E>z^/^ ƵƌƌĞŶƚ^ƵƉƉůǇŽĨ,ŽŵĞƐŽŶƚŚĞDĂƌŬĞƚ tĞƌĞǀŝĞǁĞĚƚŚĞĐƵƌƌĞŶƚƐƵƉƉůǇŽĨŚŽŵĞƐŽŶƚŚĞŵĂƌŬĞƚ;ůŝƐƚĞĚĨŽƌƐĂůĞͿƚŽĞǆĂŵŝŶĞƚŚĞĐƵƌƌĞŶƚ ŵĂƌŬĞƚĨŽƌĂǀĂŝůĂďůĞŽǁŶĞƌͲŽĐĐƵƉŝĞĚŚŽƵƐŝŶŐŝŶKůŵƐƚĞĚŽƵŶƚǇ͘dĂďůĞ&^ͲϴŝŶƚŚĞƉƉĞŶĚŝǆ ƐŚŽǁƐŚŽŵĞƐĐƵƌƌĞŶƚůǇůŝƐƚĞĚĨŽƌƐĂůĞŝŶKůŵƐƚĞĚŽƵŶƚǇĚŝƐƚƌŝďƵƚĞĚŝŶƚŽƚĞŶƉƌŝĐĞƌĂŶŐĞƐ͘dŚĞ ĚĂƚĂǁĂƐƉƌŽǀŝĚĞĚƚŚƌŽƵŐŚƚŚĞZĞŐŝŽ ŶĂůDƵůƟƉůĞ>ŝƐƟŶŐ^ĞƌǀŝĐĞŽĨDŝŶŶĞƐŽƚĂĂŶĚŝƐďĂƐĞĚŽŶ ĂĐƟǀĞůŝƐƟŶŐƐĂƐŽĨ:ĂŶƵĂƌǇϮϬϮϱ͘,ŽŵĞůŝƐƟŶŐƐƌĞĐŽƌĚĞĚŽŶƚŚĞƌĞŐŝŽŶĂůŵƵůƟƉůĞůŝƐƟŶŐƐĞƌǀŝĐĞ ŐĞŶĞƌĂůůǇĂĐĐŽƵŶƚĨŽƌƚŚĞǀĂƐƚŵĂũŽƌŝ ƚǇŽĨĂůůƌĞƐŝĚĞŶƟĂůƐĂůĞůŝƐƟŶŐƐŝŶĂŐŝǀĞŶĂƌĞĂ͘dĂďůĞ&^Ͳϵ ƐƵŵŵĂƌŝǌĞƐĂĐƟǀĞůŝƐƟŶŐƐďǇƐƵďŵĂƌŬĞƚĂŶĚŚŽƵƐŝŶŐƚǇƉĞ͘<ĞǇĮŶĚŝŶŐƐĨƌŽŵƚŚĞƚĂďůĞƐĨŽůůŽǁ͘ ƐŽĨ:ĂŶƵĂƌǇϮϬϮϱ͕ƚŚĞƌĞǁĞƌĞϯϰϰŚŽŵĞƐůŝƐƚĞĚĨŽƌƐĂůĞŝŶKůŵƐƚĞĚŽƵŶƚǇ͘KĨǁŚŝĐŚ͕ x ƐŝŶŐůĞͲ ĨĂŵŝůǇŚŽŵĞƐĂĐĐŽƵŶƚĞĚĨŽƌϴϯйŽĨĂůůůŝƐƟŶŐƐ͘ WĐƚŽĨ>ŝƐƚŝŶŐƐďǇ^ƵďŵĂƌŬĞƚΘdǇƉĞ ϰϰ͘ϰйϱϱ͘ϲй DŝƐƚƌŝĐƚ ϴϯ͘ϰйϭϲ͘ϲй KůŵƐƚĞĚƚǇ͘ΘsŝĐŝŶŝƚǇ ϵϰ͘ϭйϱ͘ϵй ^ƚĞǁĂƌƚǀŝůůĞ ϴϰ͘ϱйϭϱ͘ϱй ZŽĐŚĞƐƚĞƌ ϵϬ͘ϱйϵ͘ϱй EŽƌƚŚ ϳϲ͘ϵйϮϯ͘ϭй ĂƐƚ ϴϱ͘ϳйϭϰ͘ϯй ŚĂƚĨŝĞůĚ ϲϳ͘ϲйϯϮ͘ϰй ǇƌŽŶ ϬйϮϬйϰϬйϲϬйϴϬйϭϬϬй ^&D& dŚĞŵĞĚŝĂŶůŝƐƚƉƌŝĐĞŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇŝƐΨϰϴϬ͕ϮϭϬ;Ψϱϭϵ͕ϬϬϬĨŽƌƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞƐ x ĂŶĚΨϮϴϰ͕ϵϬϬĨŽƌŵƵůƟĨĂŵŝůǇŚŽŵĞƐͿ͘dŚĞŵĞĚŝĂŶƐĂůĞƉƌŝĐĞŝƐŐĞŶĞƌĂůůǇĂŵŽƌĞĂĐĐƵƌĂƚĞ ŝŶĚŝĐĂƚŽƌŽĨŚŽƵƐŝŶŐǀĂůƵĞƐŝŶĂĐŽŵŵƵŶŝƚǇƚŚĂŶƚŚĞĂǀĞƌĂŐĞƐĂůĞƉƌŝĐĞ͘ǀĞƌĂŐĞƐĂůĞƉƌŝĐĞƐ ĐĂŶďĞĞĂƐŝůǇƐŬĞǁĞĚďǇĂĨĞǁǀĞƌǇŚŝŐŚͲƉƌŝĐĞĚŽƌůŽǁͲƉƌŝĐĞĚŚŽŵĞƐĂůĞƐŝŶĂŶǇŐŝǀĞŶǇĞĂƌ͕ ǁŚĞƌĞĂƐƚŚĞŵĞĚŝĂŶƐĂůĞƉƌŝĐĞďĞƩĞƌƌĞƉƌĞƐĞŶƚƐƚŚĞƉƌŝĐŝŶŐŽĨŵŽƐƚŚŽŵĞƐŝŶĂŐŝǀĞŶ ŵĂƌŬĞƚ͘ ^ŝŶŐůĞͲĨĂŵŝůǇŵĞĚŝĂŶƐĂůĞƐƉƌŝĐĞƐƌĂŶŐĞĨƌŽŵΨϯϮϳ͕ϰϱϬŝŶƚŚĞĂƐƚ^ƵďŵĂƌŬĞƚƵƉƚŽ x Ψϱϰϱ͕ϬϬϬŝŶƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ͘dŚĞŚŝŐŚĞƌŶƵŵďĞƌŽĨŶĞǁĐŽŶƐƚƌƵĐƟŽŶůŝƐƟŶŐƐ ĐŽŵƉĂƌĞĚƚŽƌĞƐĂůĞƐŝƐďƌŝŶŐŝŶŐƵƉƚŚĞŽǀĞƌĂůůĂĐƟǀĞůŝƐƚƉƌŝĐĞĂĐƌŽƐƐƚŚĞKůŵƐƚĞĚŽƵŶƚ Ǉ DĂƌŬĞƚƌĞĂ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϰϮ &KZͲ^>,Kh^/E'E>z^/^ ĂƐĞĚŽŶĂŵĞĚŝĂŶůŝƐƚƉƌŝĐĞŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇƌĞĂŽĨΨϰϴϬ͕ϮϭϬ͕ƚŚĞŝŶĐŽŵĞƌĞƋƵŝƌĞĚ x ƚŽĂīŽƌĚĂŚŽŵĞĂƚƚŚŝƐƉƌŝĐĞǁŽƵůĚďĞĂďŽƵƚΨϭϯϳ͕ϮϬϬƚŽΨϭϲϬ͕ϬϬϬ͕ďĂƐĞĚŽŶƚŚĞƐƚĂŶĚĂƌĚ ŽĨϯ͘ϬƚŽϯ͘ϱƟŵĞƐƚŚĞŵĞĚŝĂŶŝŶĐŽŵĞ;ĂŶĚĂƐƐƵŵŝŶŐƚŚĞƐĞŚŽƵƐĞŚŽůĚƐĚŽŶŽƚŚ ĂǀĞĂŚŝŐŚ ůĞǀĞůŽĨĚĞďƚͿ͘ŚŽƵƐĞŚŽůĚǁŝƚŚƐŝŐŶŝĮĐĂŶƚůǇŵŽƌĞĞƋƵŝƚǇ;ŝŶĂŶĞǆŝƐƟŶŐŚŽŵĞĂŶĚͬŽƌ ƐĂǀŝŶŐƐͿĐŽƵůĚĂīŽƌĚĂŚŝŐŚĞƌƉƌŝĐĞĚŚŽŵĞ͘ŶĞƐƟŵĂƚĞĚϯϬ͘ϱйŽĨKůŵƐƚĞĚŽƵŶƚǇƌĞĂ ŚŽƵƐĞŚŽůĚƐŚĂǀĞĂŶŶƵĂůŝŶĐŽŵĞƐĂƚŽƌĂďŽǀĞΨϭϯϳ͕ϮϬϬŝŶϮϬϮϰ͘ KŶůǇϴйŽĨĂůůĂĐƟǀĞůŝƐƟŶŐƐǁĞƌĞƉƌŝĐĞĚďĞůŽǁΨϮϬϬ͕ϬϬϬǁŚŝůĞϮϳйĂƌĞƉƌŝĐĞĚƵŶĚĞƌ x ΨϯϬϬ͕ϬϬϬ͘ďŽƵƚϰϰйŽĨĂůůĂĐƟǀĞůŝƐƟŶŐƐĂƌĞƉƌŝĐĞĚĂďŽǀĞΨϱϬϬ͕ϬϬϬ͘ ZŽƵŐŚůǇϳϭйŽĨĂůůůŝƐƟŶŐƐĂƌĞůŽĐĂƚĞĚŝŶƚŚĞZŽĐŚĞƐƚĞƌͬZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚ͘ǇƌŽŶ x ďŽĂƐƚĞĚƚŚĞƐĞĐŽŶĚŚŝŐŚĞƐƚŶƵŵďĞƌŽĨůŝƐƟŶŐƐĂƚϭϬйŽĨƚŚĞŝŶǀĞŶƚŽƌǇ͘ KůŵƐƚĞĚŽƵŶƚǇΘsŝĐŝŶŝƚǇĐƚŝǀĞ>ŝƐƚŝŶŐƐͲ:ĂŶ͘ϮϬϮϱ ϵϬ ^&D& ϳϴ ϴϬ ϳϰ ϳϬ ϲϬ ϱϬ ϰϮϰϮ ϰϬ ϯϮ ϯϬ Ϯϱ ϭϲ ϮϬ ϭϰ ϳϳ ϭϬ ϱ ϭϭ Ϭ Ϭ hŶĚĞƌΨϭϬϬŬΨϭϬϬŬƚŽΨϮϬϬŬƚŽΨϯϬϬŬƚŽΨϰϬϬŬƚŽΨϱϬϬŬƚŽΨϳϱϬŬн Ψϭϵϵ͘ϵŬΨϮϵϵ͘ϵŬΨϯϵϵ͘ϵŬΨϰϵϵ͘ϵŬΨϳϰϵ͘ϵŬ Dy&/>Z^Z,ΘKE^h>d/E'ϭϰϯ &KZͲ^>,Kh^/E'E>z^/^ DĞĚŝĂŶ>ŝƐƚWƌŝĐĞďǇ^ƵďŵĂƌŬĞƚͲ:ĂŶƵĂƌǇϮϬϮϱ ΨϲϬϬ͕ϬϬϬ ^&D& ΨϱϬϬ͕ϬϬϬΨϱϰϱ͕ϬϬϬ ΨϱϮϵ͕ϵϬϬ Ψϱϭϵ͕ϬϬϬ ΨϱϬϬ͕ϬϬϬ DĞĚŝĂŶ>ŝƐƚWZŝĐĞ ΨϰϬϬ͕ϬϬϬ Ψϰϭϱ͕ϳϮϱ Ψϯϵϵ͕ϵϬϬ Ψϯϴϰ͕ϵϬϬ ΨϯϬϬ͕ϬϬϬ Ψϯϯϰ͕ϵϬϬ ΨϯϮϳ͕ϰϱϬ ΨϮϴϰ͕ϵϬϬ ΨϮϲϳ͕ϰϱϬ ΨϮϱϳ͕ϰϬϬ ΨϮϬϬ͕ϬϬϬΨϮϰϰ͕ϵϬϬ ΨϮϰϭ͕ϰϬϬ Ψϭϳϰ͕ϵϬϬ ΨϭϬϬ͕ϬϬϬ ΨϬ ǇƌŽŶŚĂƚĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌ^ƚĞǁĂƌƚǀŝůůĞKůŵƐƚĞĚƚǇ͘DŝƐƚƌŝĐƚ ΘsŝĐŝŶŝƚǇ ^ƵďŵĂƌŬĞƚ ĐƚŝǀĞ^&>ŝƐƚŝŶŐƐďǇ^ƵďŵĂƌŬĞƚΘWĐƚͲ:ĂŶ͘ϮϬϮϱ KůŵƐƚĞĚΘsŝĐŝŶŝƚǇ ^ƚĞǁĂƌƚǀŝůůĞ ZŽĐŚĞƐƚĞƌ EŽƌƚŚ ĂƐƚ ŚĂƚĨŝĞůĚ ǇƌŽŶ ϬйϭϬйϮϬйϯϬйϰϬйϱϬйϲϬйϳϬйϴϬйϵϬйϭϬϬй hŶĚĞƌΨϭϬϬŬΨϭϬϬŬƚŽΨϭϵϵ͘ϵŬΨϮϬϬŬƚŽΨϮϵϵ͘ϵŬΨϯϬϬŬƚŽΨϯϵϵ͘ϵŬ ΨϰϬϬŬƚŽΨϰϵϵ͘ϵŬΨϱϬϬŬƚŽΨϳϰϵ͘ϵŬΨϳϱϬŬн dŚĞƌĞǁĞƌĞŽŶůǇϭϮĐŽŶĚŽŵŝŶŝƵŵƐůŝƐƚĞĚĨŽƌƐĂůĞ͕ĐŽŵƉĂƌĞĚƚŽϰϱƚŽǁŶŚŽŵĞƐ͕ƚǁŝŶŚŽŵĞƐ͕ x ĂŶĚǀŝůůĂƐĂŵŽŶŐƚŚĞŵƵůƟĨĂŵŝůǇƉƌŽĚƵĐƚƐ͘ŽůůĞĐƟǀĞůǇ͕ĨŽƌ Ͳ ƐĂůĞŵƵůƟĨĂŵŝůǇŽƉƟŽŶƐŽŶůǇ ĂĐĐŽƵŶƚĞĚĨŽƌƌŽƵŐŚůǇϭϲйŽĨƚŽƚĂůůŝƐƟŶŐƐ͘ ĞƚĂĐŚĞĚƚŽǁŶŚŽŵĞƐ;ŽŌĞŶǀŝůůĂƐŽĨƐŝŶŐůĞ Ͳ ĨĂŵŝůǇůŝŬĞƉƌŽƉĞƌƟĞƐͿŚĂǀĞƚŚĞŚŝŐŚĞƐƚƉƌŝĐĞ x ƉŽŝŶƚƐĂŶĚW^&ĐŽƐƚƐĂŵŽŶŐĂůůŵƵůƟĨĂŵŝůǇĐŽŶĐĞƉƚƐ;Ψϰϭϭ͕ϰϬϬŽƌΨϮϳϱW^&Ϳ͕ƚŚĞŚŝŐŚĞƐƚW^& ĂŵŽŶŐĂůůƉƌŽƉĞƌƚǇƚǇƉĞƐ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϰϰ &KZͲ^>,Kh^/E'E>z^/^ dǁŽͲƐƚŽƌǇĂŶĚŵŽƌĞƚŚĂŶϮͲ^ƚŽƌǇƉƌŽƉĞƌƟĞĚŚĂǀĞƚŚĞŚŝŐŚĞƐƚůŝƐƚƉƌŝĐĞŝŶƚŚĞKůŵƐƚĞĚ x ŽƵŶƚǇDĂƌŬĞƚƌĞĂ͖Ψϴ͕ϵϭϬŽƌΨϮϰϱW^&͘dŚĞƐĞƉƌŽƉĞƌƟĞƐĂůƐŽďŽĂƐƚƚŚĞůĂƌŐĞƐƚƐƋƵĂƌĞ ĨŽŽƚĂŐĞ;ϯ͕ϱϭϰƐƋƵĂƌĞĨĞĞƚͿĂƌĞŽŌĞŶŶĞǁĐŽŶƐƚƌƵĐƟŽŶ͘ KŶĞͲƐƚŽƌǇƵŶŝƚƐŚĂǀĞƚŚĞƐĞĐŽŶĚŚŝŐŚĞƐƚƉƌŝĐĞƉŽŝŶƚĂŶĚůŝƐƚƉƌŝĐĞW^&͘DĂŶǇŽĨƚŚĞƐĞ x ƉƌŽƉĞƌƟĞƐĂƌĞǀŝůůĂƐŽƌƌĂŵďůĞƌƐƚŚĂƚƚĂƌŐĞƚďĂďǇďŽŽŵĞƌƐĂŶĚƐĞŶŝŽƌƐŝŶŶĞǁĞƌ ĐŽŶƐƚƌƵĐƟŽŶ͘ >ŝƐƚŝŶŐƐďǇ,ŽƵƐŝŶŐdǇƉĞͲKůŵƐƚĞĚŽƵŶƚǇΘsŝĐŝŶŝƚǇ :ĂŶƵĂƌǇϮϬϮϱ ϭϮϮ ϭƐƚŽƌǇ Ϯϭ ϭ͘ϱͲƐƚŽƌǇ ϵϯ ϮƐƚŽƌǇн ,ƐŐ͘dǇƉĞ ϰϮ ϮͲůĞǀĞůƐƉůŝƚ ϯͲůĞǀĞůƐƉůŝƚн ϰϱ dŽǁŶŚŽŵĞƐ EŽ͘ŽĨ>ŝƐƚŝŶŐƐ ϭϮ ŽŶĚŽ ϬϮϬϰϬϲϬϴϬϭϬϬϭϮϬϭϰϬ ǀĞƌĂŐĞ>ŝƐƚWƌŝĐĞďǇdǇƉĞͲKůŵƐƚĞĚŽƵŶƚǇΘsŝĐŝŶŝƚǇ͗:ĂŶ͘ϮϬϮϱ ϭƐƚŽƌǇ Ψϱϵϭ͕ϴϰϭ ϭ͘ϱͲƐƚŽƌǇ Ψϯϳϲ͕Ϯϯϵ ϮƐƚŽƌǇн Ψϴϲϲ͕ϵϭϬ ,ƐŐ͘dǇƉĞ ϮͲůĞǀĞůƐƉůŝƚ ΨϰϬϲ͕ϱϴϲ ϯͲůĞǀĞůƐƉůŝƚн dŽǁŶŚŽŵĞƐ Ψϯϭϲ͕Ϭϲϵ ŽŶĚŽ ΨϭϴϬ͕ϭϬϱ ΨϬΨϮϬϬ͕ϬϬϬΨϰϬϬ͕ϬϬϬΨϲϬϬ͕ϬϬϬΨϴϬϬ͕ϬϬϬ >ŝƐƚWƌŝĐĞ Dy&/>Z^Z,ΘKE^h>d/E'ϭϰϱ &KZͲ^>,Kh^/E'E>z^/^ ǀŐ͘>ŝƐƚWƌŝĐĞďǇ,ŽƵƐŝŶŐdǇƉĞͲKůŵƐƚĞĚŽƵŶƚǇΘsŝĐŝŶŝƚǇ͗:ĂŶ͘ϮϬϮϱ Ψϭ͕ϬϬϬ͕ϬϬϬΨϯϬϬ ǀŐ͘>ŝƐƚWƌŝĐĞW^& ΨϵϬϬ͕ϬϬϬ ΨϮϱϬ ΨϴϬϬ͕ϬϬϬ Ψϴϲϲ͕ϵϭϬ ΨϳϬϬ͕ϬϬϬ ΨϮϬϬ ǀŐ͘>ŝƐƚWƌŝĐĞ ΨϲϬϬ͕ϬϬϬ Ψϱϵϭ͕ϴϰϭ ΨϱϬϬ͕ϬϬϬΨϭϱϬ W^& ΨϰϴϬ͕ϰϭϭ ΨϰϬϬ͕ϬϬϬ ΨϰϬϲ͕ϱϴϲ ΨϭϬϬ Ψϯϳϲ͕Ϯϯϵ ΨϯϬϬ͕ϬϬϬ Ψϯϭϲ͕Ϭϲϵ ΨϭϴϬ͕ϭϬϱ ΨϮϬϬ͕ϬϬϬ ΨϱϬ ΨϭϬϬ͕ϬϬϬ ΨϬΨϬ ,ŽƵƐŝŶŐdǇƉĞ ǀŐ͘^ƋƵĂƌĞ&ŽŽƚĂŐĞďǇ,ŽƵƐŝŶŐdǇƉĞ ϰ͕ϬϬϬ ϯ͕ϱϭϰ ϯ͕ϱϬϬ ϯ͕ϬϬϬ Ϯ͕ϳϴϵ Ϯ͕ϰϳϭ Ϯ͕ϱϬϬ Ϯ͕Ϭϭϰ ϭ͕ϵϴϲ Ϯ͕ϬϬϬ ϭ͕ϲϳϭ ϭ͕ϱϬϬ ϭ͕ϭϴϮ ϭ͕ϬϬϬ ϱϬϬ Ϭ ŽŶĚŽdŽǁŶŚŽŵĞƐϯͲůĞǀĞůƐƉůŝƚнϮͲůĞǀĞůƐƉůŝƚϮƐƚŽƌǇнϭ͘ϱͲƐƚŽƌǇϭƐƚŽƌǇ Dy&/>Z^Z,ΘKE^h>d/E'ϭϰϲ &KZͲ^>,Kh^/E'E>z^/^ DŽŶƚŚƐŽĨĐƟǀĞ^ƵƉƉůǇ dĂďůĞ&^Ͳ ϭϭŝŶƚŚĞƉƉĞŶĚŝǆŝůůƵƐƚƌĂƚĞƐƚŚĞŚŝƐƚŽƌŝĐƐƵƉƉůǇŽĨĂĐƟǀĞůǇŵĂƌŬĞƟŶŐƉƌŽƉĞƌƟĞƐŝŶ KůŵƐƚĞĚŽƵŶƚǇĂŶĚƚŚĞdǁŝŶŝƟĞƐDĞƚƌŽƌĞĂĨŽƌϮϬϬϱƚŽϮϬϮϰ͘dŚĞƚĂďůĞĚĞƉŝĐƚƐƚŚĞŶƵŵďĞƌ ŽĨŚŽŵĞƐĨŽƌƐĂůĞĂƚƚŚĞĞŶĚŽĨĞĂĐŚǇĞĂƌĂŶĚƚŚĞŵŽŶƚŚƐŽĨƐƵƉƉůǇ͘dŚĞŵŽŶƚŚƐŽĨƐƵƉƉůǇ ŵĞƚƌŝĐĐĂůĐƵůĂƚĞƐƚŚĞŶƵŵďĞƌŽĨŵŽŶƚŚƐŝƚǁŽƵůĚƚĂŬĞĨŽƌĂůůƚŚĞĐƵƌƌĞŶƚŚŽŵĞƐĨŽƌƐĂůĞƚŽƐĞůů ŐŝǀĞŶƚŚĞŵŽŶƚŚůǇƐĂůĞƐĂďƐŽƌƉƟŽŶ͘'ĞŶĞƌĂůůǇ͕ĂďĂůĂŶĐĞĚƐƵƉƉůǇŝƐĐŽŶƐŝĚĞƌĞĚĨŽƵƌƚŽƐŝǆ ŵŽŶƚŚƐ͘dŚĞŚŝŐŚĞƌƚŚĞŵŽŶƚŚƐŽĨƐƵƉƉůǇŝŶĚŝĐĂƚĞƐƚŚĞƌĞĂƌĞŵŽƌĞƐĞůůĞƌƐƚŚĂŶďƵǇĞƌƐ͖ĂŶĚƚŚĞ ůŽǁĞƌƚŚĞŵŽŶƚŚƐŽĨƐƵƉƉůǇŝŶĚŝĐĂƚĞƐƚŚĞƌĞĂƌĞŵŽƌĞďƵǇĞƌƐƚŚĂŶƐĞůůĞƌƐ͘<ĞǇĮŶĚŝŶŐƐĨŽůůŽǁ͘ dŚĞŶƵŵďĞƌŽĨŚŽŵĞƐĨŽƌͲƐĂůĞŝŶKůŵƐƚĞĚŽƵŶƚǇƉĞĂŬĞĚŝŶϮϬϭϬĂƚŽǀĞƌϭ͕ϱϬϬ͘,ŽǁĞǀĞƌ͕ x ƚŚĞƐƵƉƉůǇŚĂƐĚĞĐƌĞĂƐĞĚƐŝŐŶŝĮĐĂŶƚůǇƐŝŶĐĞĐŽŵŝŶŐŽƵƚŽĨƚŚĞ'ƌĞĂƚZĞĐĞƐƐŝŽŶĂŶĚƐƵƉƉůǇ ŚĂƐďĞĞŶŶĞĂƌŚŝƐƚŽƌŝĐůŽǁƐŽǀĞƌƚŚĞƉĂƐƚĮǀĞǇĞĂƌƐ͘ KůŵƐƚĞĚŽƵŶƚǇŵŽŶƚŚƐŽĨƐƵƉƉůǇǁĂƐϮ͘ϮŝŶϮϬϮϰ͕ŝŶĚŝĐĂƟŶŐĂƐĞůůĞƌƐ͛ŵĂƌŬĞƚŐŝǀĞŶƚŚĞ x ŚŽŵĞŝŶǀĞŶƚŽƌǇ͘ĞƚǁĞĞŶϮϬϮϬĂŶĚϮϬϮϯ͕ƚŚĞƌĞǁĂƐůĞƐƐƚŚĂŶĂƚǁŽͲŵŽŶƚŚƐƵƉƉůǇ͕ůĂƌŐĞůǇĂ ƌĞƐƵůƚŽĨƚŚĞƉĂŶĚĞŵŝĐͲůĞĚŚŽƵƐŝŶŐďŽŽŵŝŶϮϬϮϬĂŶĚϮϬϮϭďĞĨŽƌĞƌŝƐŝŶŐŝŶƚĞƌĞƐƚƌĂƚĞƐŝŶ ϮϬϮϮĐƵƌƚĂŝůĞĚƚŚĞŵĂƌŬĞƚ͘KůŵƐƚĞĚŽƵŶƚǇŝŶǀĞŶƚŽƌǇŚĂƐĨĂǀŽƌĞĚƐĞůůĞƌƐƐŝŶĐĞϮϬϭϮ͘ ^ƵƉƉůǇŝƐĞǆƉĞĐƚĞĚƚŽŐƌĂĚƵĂůůǇŝŵƉƌŽǀĞŝŶϮϬϮϱ͕ŚŽǁĞǀĞƌǁŝůůƌĞŵĂŝŶďĞůŽǁŚŝƐƚŽƌŝĐĂů x ĂǀĞƌĂŐĞƐ͘ KůŵƐƚĞĚŽƵŶƚǇĐƚŝǀĞ^ƵƉƉůǇŽĨ,ŽŵĞƐĨŽƌ^ĂůĞ ϭϮ͘Ϭϭ͕ϴϬϬ DŽŶƚŚƐ^ƵƉƉůǇ,ŽŵĞƐĨŽƌ^ĂůĞ ϭ͕ϲϬϬ ϭϬ͘Ϭ ϭ͕ϰϬϬ DŽŶƚŚƐ^ƵƉƉůǇ ,ŽŵĞƐĨŽƌ^ĂůĞ ϴ͘Ϭϭ͕ϮϬϬ ϭ͕ϬϬϬ ϲ͘Ϭ ϴϬϬ ϰ͘ϬϲϬϬ ϰϬϬ Ϯ͘Ϭ ϮϬϬ Ϭ͘ϬϬ zĞĂƌ Dy&/>Z^Z,ΘKE^h>d/E'ϭϰϳ &KZͲ^>,Kh^/E'E>z^/^ ^ƵƉƉůǇ^ƵŵŵĂƌǇϮϬϬϱƚŽϮϬϮϰ ϭϮ͘Ϭ KůŵƐƚĞĚdǁŝŶŝƚŝĞƐDĞƚƌŽƌĞĂ ϭϬ͘Ϭ ϴ͘Ϭ ϲ͘Ϭ ϰ͘Ϭ Ϯ͘Ϭ Ϭ͘Ϭ ϮϬϬϱϬϲϬϳϬϴϬϵϮϬϭϬϭϭϭϮϭϯϭϰϮϬϭϱϭϲϭϳϭϴϭϵϮϬϮϬϮϭϮϮϮϯϮϰ >Žƚ^ƵƉƉůǇ DĂǆĮĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƟŶŐŝĚĞŶƟĮĞĚƚŚĞǀĂĐĂŶƚůŽƚƐƵƉƉůǇŽĨŶĞǁĞƌƐƵďĚŝǀŝƐŝŽŶƐǁŝƚŚ ǀĂĐĂŶƚůŽƚƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘dĂďůĞ&^Ͳ ϭϮŝŶƚŚĞƉƉĞŶĚŝǆŝĚĞŶƟĮĞƐŶĞǁĞƌ ƐƵďĚŝǀŝƐŝŽŶƐǁŝƚŚĂǀĂŝůĂďůĞůŽƚƐ;ŵŽƐƚůǇƐƵďĚŝǀŝƐŝŽŶƐǁŝƚŚĂƚůĞĂƐƚϱŽƌŵŽƌĞǀĂĐĂŶƚůŽƚƐͿŝŶ KůŵƐƚĞĚŽƵŶƚǇĂŶĚƚŚĞƐƵƌƌŽƵŶĚŝŶŐĐŽŵŵƵŶŝƟĞƐ͘dŚĞƚĂďůĞŝĚĞŶƟĮĞƐƚŚĞůŽĐĂƟŽŶ͕ŽǁŶĞƌ͕ ŶƵŵďĞƌŽĨůŽƚƐ͕ĂǀĂŝůĂďůĞůŽƚƐ͕ĂŶĚĂƐƐĞƐƐĞĚǀĂůƵĞƐĨŽƌůŽƚƐĂŶĚŚŽŵĞƐ͘WůĞĂƐĞŶŽƚĞ͗ƚŚĞƚĂďůĞ ĚŽĞƐŶŽƚŝŶĐůƵĚĞƐĐĂƩĞƌĞĚ͕ŝŶĮůůůŽƚƐŽƌůŽƚ ƐŽƵƚƐŝĚĞKůŵƐƚĞĚŽƵŶƚǇ͘<ĞǇƉŽŝŶƚƐĨƌŽŵƚŚĞƚĂďůĞ ĨŽůůŽǁ͘ DĂǆĮĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƟŶŐŝĚĞŶƟĮĞĚϭϭϲƐƵďĚŝǀŝƐŝŽŶƐǁŝƚŚŽǀĞƌϭ͕ϲϬϬǀĂĐĂŶƚůŽƚƐ x ĂŵŽŶŐƚŚĞŵŽƐƚĂĐƟǀĞƐƵďĚŝǀŝƐŝŽŶƐ͘ďŽƵƚϵϬйŽĨƚŚĞƐƵďĚŝǀŝƐŝŽŶƐ;ϭϬϰͿǁĞƌĞƐŝŶŐůĞ Ͳ ĨĂŵŝůǇĂŶĚĂĐĐŽƵŶƚĞĚĨŽƌϵϯ͘ϱйŽĨĂůůǀĂĐĂŶƚůŽƚƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ;ϭ͕ϱϯϬǀĂĐĂŶƚůŽƚƐͿ͘ KĨƚŚĞϭϬϰƐŝŶŐůĞͲĨĂŵŝůǇƐƵďĚŝǀŝƐŝŽŶƐŝŶǀĞŶƚŽƌŝĞĚ͖ϱϬƐƵďĚŝǀŝƐŝŽŶƐǁĞƌĞůŽĐĂƚĞĚŝŶƚŚĞ x ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ͘ŽůůĞĐƟǀĞůǇƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚĂĐĐŽƵŶƚĞĚĨŽƌϰϱйŽĨĂůů ǀĂĐĂŶƚƐŝŶŐůĞͲ ĨĂŵŝůǇůŽƚƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘ƚƚŚĞƐĂŵĞƟŵĞ͕ƚŚĞ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚƐŚŽǁĞĚϯĂĐƟǀĞŵƵůƟĨĂŵŝůǇĚĞǀĞůŽƉŵĞŶƚƚŚĂƚĂĐĐŽƵŶƚĨŽƌϯϰйŽĨ ƚŚĞŵƵůƟĨĂŵŝůǇǀĂĐĂŶƚůŽƚŝŶǀĞŶƚŽƌǇ͘ dŚĞZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚƐŚŽǁĞĚϮϰĂĐƟǀĞƐŝŶŐůĞ ͲĨĂŵŝůǇƐƵďĚŝǀŝƐŝŽŶƐǁŝƚŚϰϮϬ x ǀĂĐĂŶƚůŽƚƐ͘'ŝǀĞŶƚŚĞƌƵƌĂůǌŽŶŝŶŐŽĨƚŚĞƚŽǁŶƐŚŝƉƐ͕ƚŚĞůŽƚƐŝǌĞƐĂǀĞƌĂŐĞϭ͘ϴϯĂĐƌĞƐĂŶĚ ƚŚĞƌĞĂƌĞŶŽŵƵůƟĨĂŵŝůǇůŽƚƐŝŶƚŚĞƐĞŐĞŽŐƌĂƉŚŝĞƐ͘ƚƚŚĞƐĂŵĞƟ ŵĞ͕dŚĞZŽĐŚĞƐƚĞƌ &ƌŝŶŐĞ^ƵďŵĂƌŬĞƚĂůƐŽďŽĂƐƚƐƚŚĞŚŝŐŚĞƐƚĂŶĚǀĂůƵĞƐĂƚŶĞĂƌůǇΨϭϰϳ͕ϬϬϬ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϰϴ &KZͲ^>,Kh^/E'E>z^/^ dŚĞZŽĐŚĞƐƚĞƌĂŶĚZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚĂĐĐŽƵŶƚĞĚĨŽƌϳϯйŽĨƚŚĞƐŝŶŐůĞͲĨĂŵŝůǇ x ǀĂĐĂŶƚůŽƚƐƵƉƉůǇŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ;ϭ͕ϭϭϭƐŝŶŐůĞĨĂŵŝůǇůŽƚƐͿ͘ sĂĐĂŶƚĞǀĞůŽƉĞĚ>ŽƚƐ͗ĞƚĂĐŚĞĚ ϴϬϬ ϲϵϭ ϳϬϬ ϲϬϬ ϱϬϬ ϰϮϬ ϰϬϬ ϯϬϬ ϮϬϬ ϭϱϬ ϭϯϲ ϭϬϬ ϰϵ ϰϲ ϯϴ Ϭ ǇƌŽŶŚĂƚĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌZŽĐŚ͘&ƌŝŶŐĞ^ƚĞǁĂƌƚǀŝůůĞ sĂĐĂŶƚĞǀĞůŽƉĞĚ>ŽƚƐ͗DƵůƚŝĨĂŵŝůǇ ϰϬ ϯϲ ϯϱ ϯϬ Ϯϱ Ϯϱ ϮϬ ϭϱ ϭϰ ϭϱ ϭϭ ϭϬ ϲ ϱ Ϭ Ϭ ǇƌŽŶŚĂƚĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌZŽĐŚ͘&ƌŝŶŐĞ^ƚĞǁĂƌƚǀŝůůĞ Dy&/>Z^Z,ΘKE^h>d/E'ϭϰϵ &KZͲ^>,Kh^/E'E>z^/^ dŚĞǇƌŽŶ^ƵďŵĂƌŬĞƚĂĐĐŽƵŶƚƐĨŽƌŶĞĂƌůǇϭϬйŽĨƚŚĞǀĂĐĂŶƚƐŝŶŐůĞͲĨĂŵŝůǇůŽƚƐƵƉƉůǇďƵƚ x ϮϯйŽĨƚŚĞŵƵůƟĨĂŵŝůǇůŽƚƐ͘DŽƐƚŽĨƚŚĞůŽƚƐŝŶǇƌŽŶĂƌĞůŽĐĂƚĞĚŝŶĂŶĞŝŐŚďŽƌŚŽŽĚ ǁŝƚŚŝŶƚŚĞ^ŽŵĞƌďǇ'ŽůĨŽŵŵƵŶŝƚǇ͘dŚĞĂƐƚƐƵďŵĂƌŬĞƚĂĐĐŽƵŶƚƐĨŽƌϭϰйŽĨ ŵƵůƟĨĂŵŝůǇůŽƚƐ͕ĨŽůůŽǁĞĚďǇŚĂƞŝĞůĚ;ϭϯйͿĂŶĚ^ƚĞǁĂƌƚǀŝůůĞ;ϭϬйͿ^ƵďŵĂƌŬĞƚƐ͘ EĞǁŽŶƐƚƌƵĐƚŝŽŶ^&ΘD&>ĂŶĚƐƐĞƐƐĞĚsĂůƵĞƐ ΨϭϲϬ͕ϬϬϬ Ψϭϰϲ͕ϵϴϵ ^&>ŽƚsĂůƵĞD&>ŽƚsĂůƵĞ ΨϭϰϬ͕ϬϬϬ Ψϭϭϰ͕ϯϰϴ ΨϭϮϬ͕ϬϬϬ Ψϭϭϭ͕Ϭϭϴ Ψϵϲ͕Ϯϲϰ ΨϭϬϬ͕ϬϬϬ Ψϳϳ͕ϴϲϵ ΨϴϬ͕ϬϬϬ ΨϲϮ͕ϴϭϲ Ψϱϵ͕ϳϲϵ ΨϲϬ͕ϬϬϬ Ψϰϯ͕ϱϳϭ Ψϰϵ͕ϭϭϴ Ψϰϱ͕ϵϬϱ Ψϰϱ͕ϬϬϬ ΨϰϬ͕ϬϬϬ Ψϯϱ͕ϬϬϬ Ψϯϯ͕ϰϵϭ ΨϰϬ͕ϬϬϬ ΨϯϮ͕ϵϰϰ ΨϮϬ͕ϬϬϬ ΨϬ ΨϬ ǇƌŽŶŚĂƚĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌZŽĐŚ͘&ƌŝŶŐĞ^ƚĞǁĂƌƚǀŝůůĞKůŵƐƚĞĚ^& EĞǁŽŶƐƚƌƵĐƚŝŽŶ^&ΘD&ƐƐĞƐƐĞĚ,ŽŵĞsĂůƵĞƐ ΨϴϬϬ͕ϬϬϬ ^&,ŽŵĞsĂůƵĞD&,ŽŵĞsĂůƵĞ Ψϲϳϰ͕ϳϵϱ ΨϳϬϬ͕ϬϬϬ ΨϲϭϮ͕Ϭϵϲ ΨϲϬϬ͕ϬϬϬ ΨϱϬϬ͕ϳϱϯ ΨϱϬϬ͕ϬϬϬ Ψϰϰϵ͕ϱϬϯ ΨϰϮϴ͕ϮϱϬ Ψϰϭϵ͕ϴϬϮ Ψϰϭϰ͕ϵϭϰ ΨϰϬϭ͕ϰϭϬ ΨϰϬϬ͕ϬϬϬ ΨϯϮϴ͕ϰϵϮ ΨϯϮϭ͕ϰϰϯ ΨϮϴϬ͕ϵϳϱ ΨϮϳϭ͕ϲϰϭ ΨϯϬϬ͕ϬϬϬ ΨϮϬϮ͕ϰϬϮ ΨϮϬϴ͕ϴϱϵ ΨϮϬϬ͕ϬϬϬ ΨϭϬϬ͕ϬϬϬ ΨϬ ΨϬ ΨϬ ǇƌŽŶŚĂƚĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌZŽĐŚ͘&ƌŝŶŐĞ^ƚĞǁĂƌƚǀŝůůĞKůŵƐƚĞĚ^& Dy&/>Z^Z,ΘKE^h>d/E'ϭϱϬ &KZͲ^>,Kh^/E'E>z^/^ dŚĞĂǀĞƌĂŐĞƐŝŶŐůĞͲ ĨĂŵŝůǇůŽƚƐŝǌĞƐŬĞǁƐŚŝŐŚĞƌĂĐƌŽƐƐƚŚĞĐŽƵŶƚǇĚƵĞƚŽĂĐŽŵďŝŶĂƟŽŶ x ŽĨƚŚĞŝŶĐůƵƐŝŽŶŽĨƚŽǁŶƐŚŝƉůŽƚƐ͘ŽŵďŝŶĞĚ͕ƚŚĞĂǀĞƌĂŐĞůŽƚƐŝǌĞŝƐϬ͘ϲϴͲĂĐƌĞƐ͕ƌĂŶŐŝŶŐ ĨƌŽŵϬ͘ϭϳĂĐƌĞƐŝŶƚŚĞ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚƚŽϭ͘ϴϯĂĐƌĞƐŝŶƚŚĞZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ͘ dŚĞĂǀĞƌĂŐĞĂƐƐĞƐƐĞĚǀĂůƵĞŽĨĂƐŝŶŐůĞͲĨĂŵŝůǇůŽƚŝŶĂŶĞǁƐƵďĚŝǀŝƐŝŽŶĂĐƌŽƐƐƚŚĞĐŽƵŶƚǇ x ĂǀĞƌĂŐĞĚĂďŽƵƚΨϵϲ͕ϮϲϬ͕ƌĂŶŐŝŶŐĨƌŽŵΨϯϯ͕ϱϬϬŝŶƚŚĞ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚƵƉƚŽ Ψϭϰϳ͕ϬϬϬŝŶƚŚĞZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚ͘ŽŵďŝŶĞĚǁŝƚŚƚŚĞďƵŝůĚŝŶŐǀĂůƵĞ͕ƚŚĞ Ăǀ ĞƌĂŐĞĂƐƐĞƐƐĞĚŶĞǁŚŽŵĞƉƌŝĐĞƌĂŶŐĞƐĨƌŽŵΨϮϳϭ͕ϲϰϬŝŶƚŚĞŚĂƞŝĞůĚ^ƵďŵĂƌŬĞƚƚŽ Ψϲϳϰ͕ϴϬϬŝŶƚŚĞZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ͘ dŚĞĂǀĞƌĂŐĞĂƐƐĞƐƐĞĚǀĂůƵĞŽĨĂŵƵůƟ ͲĨĂŵŝůǇůŽƚŝŶĂŶĞǁƐƵďĚŝǀŝƐŝŽŶĂĐƌŽƐƐƚŚĞĐŽƵŶƚǇ x ĂǀĞƌĂŐĞĚĂďŽƵƚΨϰϱ͕ϵϬϬ͕ƌĂŶŐŝŶŐĨƌŽŵΨϯϮ͕ϵϰϰŝŶƚŚĞZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚƵƉƚŽ Ψϱϵ͕ϳϲϵŝŶƚŚĞǇƌŽŶ^ƵďŵĂƌŬĞƚ͘ŽŵďŝŶĞĚǁŝƚŚƚŚĞďƵŝůĚŝŶŐǀĂůƵĞ͕ƚŚĞĂǀĞƌĂŐĞ ĂƐƐĞƐƐĞĚŶĞǁŚŽŵĞƉƌŝĐĞƌĂŶŐĞƐĨƌŽŵΨϮϬϮ͕ϰϬϮŝŶƚŚĞEŽƌƚŚ^ƵďŵĂƌŬĞƚƚŽΨϰϮϴ͕ϮϱϬŝŶ ƚŚĞǇƌŽŶ^ƵďŵĂƌŬĞƚ͘ dŚĞŐĂƉďĞƚǁĞĞŶƚŚĞŶĞǁĐŽŶƐƚƌƵĐƟŽŶƐŝŶŐůĞ Ͳ ĨĂŵŝůǇĂŶĚŵƵůƟĨĂŵŝůǇŚŽŵĞǀĂůƵĞƐŚĂƐ x ƐŚƌƵŶŬƐŝŶĐĞƚŚĞϮϬϭϵƐƚƵĚǇ͘dŚŝƐƚƌĞŶĚŚĂƐďĞĞŶĚƌŝǀĞŶďǇŵŽƌĞůƵǆƵƌǇǀŝůůĂƐĂŶĚ ƚǁŝŶŚŽŵĞƐƚŚĂƚŚĂǀĞďĞĞŶĐŽŶƐƚƌƵĐƚĞĚƚĂƌŐĞƟŶŐŵŽǀĞ ͲƵƉďƵǇĞƌƐ͘dŚĞƌĞŚĂǀĞďĞĞŶĨĞǁ ŶĞǁĐŽ ŶƐƚƌƵĐƟŽŶƐŝĚĞďǇƐŝĚĞƚŽǁŶŚŽŵĞƐƚŚĂƚĂƌĞƉƌŝĐĞĚůŽǁĞƌĂŶĚƚĂƌŐĞƟŶŐĮƌƐƚ Ͳ ƟŵĞ ŚŽŵĞďƵǇĞƌƐ͘ dǇƉĞϮϬϭϵϮϬϮϰWĐƚ͘ŚŐ͘ ^&>ŽƚΨϳϬ͕ϬϲϳΨϵϲ͕Ϯϲϰϯϳ͘ϰй ^&,ŽŵĞsĂůƵĞΨϯϳϬ͕ϬϴϬΨϱϬϬ͕ϳϱϯϯϱ͘ϯй D&>ŽƚΨϯϬ͕ϵϰϯΨϰϱ͕ϵϬϱϰϴ͘ϰй D&,ŽŵĞsĂůƵĞΨϮϮϳ͕ϰϭϴΨϰϭϵ͕ϴϬϮϴϰ͘ϲй EĞǁŽŶƐƚƌƵĐƟŽŶWƌŝĐŝŶŐ dĂďůĞ&^Ͳ ϭϰŝŶƚŚĞƉƉĞŶĚŝǆĐŽŵƉĂƌĞƐŶĞǁĐŽŶƐƚƌƵĐƟŽŶŵĞĚŝĂŶƐĂůĞƐƉƌŝĐĞƐŝŶKůŵƐƚĞĚŽƵŶƚǇ ǀĞƌƐƵƐƚŚĞdǁŝŶŝƟĞƐDĞƚƌŽƌĞĂ;ĐŽƌĞϳ ͲĐŽƵŶƚǇĂŶĚŐƌĞĂƚĞƌϭϲͲĐŽƵƚǇͿ͘dŚĞƚĂďůĞĐŽŵƉĂƌĞƐ ŶĞǁĐŽŶƐƚƌƵĐƟŽŶƐĂůĞƐƉƌŝĐĞƐďĞƚǁĞĞŶϮϬϭϱƚŚƌŽƵŐŚϮϬϮϰ͘ ,ŝƐƚŽƌŝĐĂůůǇ͕ŶĞǁĐŽŶƐƚƌƵĐƟŽŶƉƌŝĐŝŶŐŝŶKůŵƐƚĞĚŽƵŶƚǇŚĂƐďĞĞŶůŽǁĞƌƚŚĂŶƚŚĞdǁŝŶ x ŝƟĞƐ͘,ŽǁĞǀĞƌ͕ĨŽƌƚŚĞĮƌƐƚƟŵĞKůŵƐƚĞĚŽƵŶƚǇŶĞǁĐŽŶƐƚƌƵĐƟŽŶƐƵƌƉĂƐƐĞĚƚŚĞ'ƌĞĂƚĞƌ ϭϲͲŽƵŶƚǇDĞƚƌŽƌĞĂ͘ EĞǁĐŽŶƐƚƌƵĐƟŽŶƉƌŝĐŝŶŐƉĞĂŬĞĚŝŶKůŵƐƚĞĚŽƵŶƚǇŝŶϮϬϮϮĂƚΨϱϱϯ͕ϴϴϬĂŶĚŚĂƐĚĞĐůŝŶĞĚ x ƐůŝŐŚƚůǇŽǀĞƌƚŚĞƉĂƐƚƚǁŽǇĞĂƌƐ͘dŚĞĚĞĐůŝŶĞŝƐĚƵĞƚŽƐĞǀĞƌĂůĨĂĐƚŽƌƐ͕ŝŶĐůƵĚŝŶŐŚŝŐŚĞƌ ŵŽƌƚŐĂŐĞƌĂƚĞƐĂŶĚďƵŝůĚĞƌƐŽīĞƌŝŶŐŵŽƌĞĂƩĂĐŚĞĚƉƌŽĚƵĐƚĂŶĚƐŵĂůůĞƌŚŽŵĞƐƚ ŽĐŽŵďĂƚ ƌŝƐŝŶŐĐŽƐƚƐĂŶĚŝŶƚĞƌĞƐƚƌĂƚĞƐ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϱϭ &KZͲ^>,Kh^/E'E>z^/^ EĞǁĐŽŶƐƚƌƵĐƟŽŶŝŶKůŵƐƚĞĚŝƐƵƉϯϰйƐŝŶĐĞϮϬϮϬ͕ŚŝŐŚĞƌƚŚĂŶŵŽƐƚĐŽƵŶƟĞƐŝŶƚŚĞDĞƚƌŽ x ƌĞĂ͘ EĞǁŽŶƐƚƌƵĐƚŝŽŶDĞĚŝĂŶ^ĂůĞƐWƌŝĐĞŽŵƉĂƌŝƐŽŶ ΨϱϱϬ͕ϬϬϬ KůŵƐƚĞĚϳͲƚǇϭϲͲŽƵŶƚǇ ΨϱϬϬ͕ϬϬϬ ΨϰϱϬ͕ϬϬϬ ΨϰϬϬ͕ϬϬϬ ΨϯϱϬ͕ϬϬϬ ΨϯϬϬ͕ϬϬϬ ΨϮϱϬ͕ϬϬϬ ΨϮϬϬ͕ϬϬϬ ϮϬϬϱϮϬϭϬϮϬϭϱϮϬϮϬϮϬϮϰ zĞĂƌ EĞǁŽŶƐƚƵĐƚŝŽŶDĞĚŝĂŶ^ĂůĞƐŽŵƉƌŝƐŽŶͲϮϬϮϰ ΨϴϬϬ͕ϬϬϬ ΨϳϬϬ͕ϬϬϬ ΨϳϭϬ͕ϯϮϬ ΨϲϬϬ͕ϬϬϬ Ψϱϴϱ͕ϬϬϬ Ψϱϳϵ͕ϵϵϬ ΨϱϬϬ͕ϬϬϬ ΨϱϮϵ͕ϵϬϬ ΨϱϮϱ͕ϴϮϱ Ψϱϭϳ͕ϰϱϬ ΨϱϭϬ͕Ϯϱϱ Ψϰϵϵ͕ϵϬϬ Ψϰϵϱ͕ϬϬϬ ΨϰϴϮ͕ϵϵϬ ΨϰϬϬ͕ϬϬϬ ΨϯϬϬ͕ϬϬϬ ΨϮϬϬ͕ϬϬϬ ΨϭϬϬ͕ϬϬϬ ΨϬ Dy&/>Z^Z,ΘKE^h>d/E'ϭϱϮ &KZͲ^>,Kh^/E'E>z^/^ ĐƟǀĞůǇDĂƌŬĞƟŶŐ^ƵďĚŝǀŝƐŝŽŶƐ DĂǆĮĞůĚZĞƐĞĂƌĐŚŝĚĞŶƟĮĞĚƐŝŶŐůĞ Ͳ ĨĂŵŝůǇĂŶĚŵƵůƟĨĂŵŝůǇĚĞǀĞůŽƉŵĞŶƚƐƚŚĂƚĂƌĞĐƵƌƌĞŶƚůǇ ďĞŝŶŐŵĂƌŬĞƚĞĚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘^ƵďĚŝǀŝƐŝŽŶƐĂƌĞĐůĂƐƐŝĮĞĚĂƐĂĐƟǀĞŝĨƚŚĞǇ ĂƌĞŵĂƌŬĞƟŶŐŚŽŵĞƐĂŶĚͬŽƌůŽƚƐŽŶƚŚĞDƵůƟƉůĞ>ŝƐƟŶŐ^ĞƌǀŝĐĞ;͞D>^͟ͿŽƌŵĂƌŬĞƟŶŐůŽƚƐ ƚŚƌŽƵŐŚƚŚĞƵŝůĚĞƌƐƐƐŽĐŝĂƟŽŶŽĨZŽĐŚĞƐƚĞƌ͘ĞĐĂƵƐĞŶŽƚĂůůŶĞǁĐŽŶƐƚƌƵĐƟŽŶŽƌǀĂĐĂŶƚůŽƚƐ ĂƌĞůŝƐƚĞĚŽŶƚŚĞD>^͕ŝƚŝƐůŝŬĞůǇƚŚĞƌĞĂƌĞƐĞǀĞƌĂůƐƵďĚŝǀŝƐŝŽŶƐƚŚĂƚĂƌĞŵĂƌŬĞƟŶŐůŽƚƐƚŚĂƚĂƌĞ ŶŽƚŝĚĞŶƟĮĞĚŝŶdĂďůĞƐ&^ͲϭϱĂŶĚ&^ͲϭϲůŽĐĂƚĞĚŝŶƚŚĞƉƉĞŶĚŝǆ͘&ƵƌƚŚĞƌŵŽƌĞ͕ďĞĐĂƵƐĞŵĂŶǇ ďƵŝůĚĞƌƐŚĂǀĞĂůƌĞĂĚǇƉƵƌĐŚĂƐĞĚƚŚĞůŽƚ͕ŵĂŶǇďƵŝůĚĞƌƐĂƌĞƐĞůůŝŶŐƚŚĞŚŽŵĞĂƐĂƌĞƚĂŝůƉĂĐŬĂŐĞ ;ůĂŶĚнŚŽŵĞͿ͖ŚĞŶĐĞƚŚĞĂƌĞŶŽƚĂĐƟǀĞůǇŵĂƌŬĞƟŶŐƚŚĞůĂŶĚ͘<ĞǇƉŽŝŶƚƐĨƌŽŵƚŚĞƚĂďůĞƐĨŽůůŽǁ͘ ŽůůĞĐƟǀĞůǇƚŚĞƌĞǁĞƌĞϰϳƐŝŶŐůĞ Ͳ ĨĂŵŝůǇƐƵďĚŝǀŝƐŝŽŶƐŵĂƌŬĞƟŶŐĐŽŵƉĂƌĞĚƚŽŽŶůǇϭϮ x ŵƵůƟĨĂŵŝůǇƐƵďĚŝǀŝƐŝŽŶƐ͘KǀĞƌƚŚƌĞĞ Ͳ ƋƵĂƌƚĞƌƐŽĨĂĐƟǀĞƐŝŶŐůĞ ͲĨĂŵŝůǇƐƵďĚŝǀŝƐŝŽŶƐĂƌĞ ůŽĐĂƚĞĚŝŶƚŚĞZŽĐŚĞƐƚĞƌĂŶĚZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚƐ͘KŶĞͲ ŚĂůĨŽĨƚŚĞŵƵůƟĨĂŵ ŝůǇ ƐƵďĚŝǀŝƐŝŽŶƐĂƌĞůŽĐĂƚĞĚŝŶZŽĐŚĞƐƚĞƌ͘ WƌŝĐŝŶŐĨŽƌŶĞǁĐŽŶƐƚƌƵĐƟŽŶŚĂƐŝŶĐƌĞĂƐĞĚƐƵďƐƚĂŶƟĂůůǇĨƌŽŵƚŚĞƉƌĞǀŝŽƵƐϮϬϮϬŚŽƵƐŝŶŐ x ƐƚƵĚǇ͘dŚĞĨŽůůŽǁŝŶŐĐŚĂƌƚƐƵŵŵĂƌŝǌĞƐŵĂƌŬĞƟŶŐĐŽŶƐƚƌƵĐƟŽŶŝŶϮϬϮϰǀƐ͘ϮϬϮϬďǇ ƐƵďŵĂƌŬĞƚ͗ DĂƌŬĞƚŝŶŐŽƐƚƐW^& ^ƵďŵĂƌŬĞƚϮϬϮϬϮϬϮϰϮϬϮϬϮϬϮϰ ǇƌŽŶΨϱϳϵ͕ϯϲϱΨϲϴϰ͕ϭϬϱΨϮϭϴΨϮϳϱ ŚĂƚĨŝĞůĚ ĂƐƚΨϯϲϰ͕ϭϳϴΨϰϯϱ͕ϮϮϯΨϭϱϲΨϮϯϯ EŽƌƚŚΨϱϮϮ͕ϯϯϰΨϰϳϰ͕ϵϱϬΨϮϯϳΨϮϱϭ ZŽĐŚĞƐƚĞƌΨϰϵϱ͕ϵϮϮΨϲϳϵ͕ϵϱϰΨϭϳϲΨϮϴϰ ZŽĐŚĞƚĞƌ&ƌŝŶŐĞΨϵϯϭ͕ϯϲϴΨϭ͕ϲϱϲ͕ϬϱϬΨϮϮϮΨϯϱϳ Ψϭϵϲ ^ƚĞǁĂƌƚǀŝůůĞΨϯϰϰ͕ϯϴϭΨϰϳϴ͕ϵϰϱΨϮϴϰ KůŵƐƚĞĚƚǇ͘DΨϰϴϵ͕ϱϰϲΨϳϱϰ͕ϬϰϲΨϭϴϯΨϮϴϳ dŚĞďůĞŶĚĞĚƐŝŶŐůĞͲ ĨĂŵŝůǇŚŽŵĞƉƌŝĐĞŵĂƌŬĞƟŶŐŝƐƵƉϱϰйƐŝŶĐĞƚŚĞϮϬϮϬƐƚƵĚǇ͕ x ĞƐƉĞĐŝĂůůǇŝŶƚŚĞZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞƚŚĂƚďŽĂƐƚƐŚŽŵĞƉƌŝĐĞƐƵƉϳϴй͘^ŝŵŝůĂƌůǇ͕ŵƵůƟĨĂŵŝůǇ ŶĞǁĐŽŶƐƚƌƵĐƟŽŶŝƐƵƉϱϳйďĞƚǁĞĞŶƚŚĞƐĂŵĞƟŵĞĨƌĂŵĞ͘ dŚĞƉƌŝĐĞƉĞƌƐƋƵĂƌĞĨŽŽƚ;ŝŶĐůƵĚŝŶŐůĂŶĚͿǀĂƌŝĞƐĐŽŶƐŝĚĞƌĂďůǇďĂƐĞĚŽŶĚĞƐŝŐŶ͕ x ĂŵĞŶŝƟĞƐ͕ƐƋƵĂƌĞĨŽŽƚĂŐĞ͕ƚǇƉĞŽĨůŽƚ͕ďƵŝůĚĞƌ͕ĞƚĐ͘dŚĞĂǀĞƌĂŐĞĂĐƟǀĞůǇŵĂƌŬĞƟŶŐ ƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞƉƌŝĐĞŝƐĂƉƉƌŽǆŝŵĂƚĞůǇΨϳϱϰ͕ϰϬϬŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͖ ŽƌĂďŽƵƚΨϮϴϳW^&͘EĞǁĨŽƌͲ ƐĂůĞŵƵůƟĨĂŵŝůǇƉƌŽĚƵĐƚŚĂƐĂŶĂǀĞƌĂŐĞƉƌŝĐĞŽĨĂďŽƵƚ ΨϰϲϬ͕ϯϬϬŽƌΨϮϰϴW^&͘ >ŽƚƉƌŝĐĞƐǀĂƌǇĐŽŶƐŝĚĞƌĂďůǇďĂƐĞĚŽŶůŽĐĂƟŽŶ͕ĂĐƌĞĂŐĞ͕ǀŝĞǁƐ͕ƚŽƉŽŐƌĂƉŚǇ͕ĞƚĐ͘dŚĞ x ĨŽůůŽǁŝŶŐƐƵŵŵĂƌŝǌĞƐƚŚĞƌĂŶŐĞŽĨůŽƚĐŽƐƚƐŵĂƌŬĞƟŶŐĂĐƌŽƐƐƚŚĞŽƵŶƚǇ͗ Dy&/>Z^Z,ΘKE^h>d/E'ϭϱϯ &KZͲ^>,Kh^/E'E>z^/^ DĂƌŬĞƚŝŶŐ>ŽƚŽƐƚƐďǇ^ƵďŵĂƌŬĞƚ ^ƵďŵĂƌŬĞƚDŝŶDĂǆ ǇƌŽŶΨϴϰ͕ϵϬϬͲΨϮϵϵ͕ϵϬϬ ŚĂƚĨŝĞůĚΨϱϰ͕ϵϬϬͲΨϲϰ͕ϵϬϬ ĂƐƚΨϲϵ͕ϵϬϬͲΨϳϱ͕ϬϬϬ EŽƌƚŚ ZŽĐŚĞƐƚĞƌΨϰϵ͕ϵϬϬͲΨϯϬϵ͕ϵϬϬ ZŽĐŚĞƚĞƌ&ƌŝŶŐĞΨϭϲϬ͕ϬϬϬͲΨϰϴϬ͕ϬϬϬ ^ƚĞǁĂƌƚǀŝůůĞΨϲϱ͕ϬϬϬͲΨϵϲ͕ϵϬϬ KůŵƐƚĞĚŽƵŶƚǇ^ŝŶŐůĞ&ĂŵŝůǇEĞǁŽŶƐƚƌƵĐƚŝŽŶ Ψϭ͕ϴϬϬ͕ϬϬϬΨϰϬϬ ǀŐ͘WƌŝĐĞǀŐ͘W^& Ψϭ͕ϲϬϬ͕ϬϬϬ ΨϯϱϬ Ψϭ͕ϰϬϬ͕ϬϬϬ ΨϯϬϬ Ψϭ͕ϮϬϬ͕ϬϬϬ ΨϮϱϬ ǀŐ͘WƌŝĐĞ Ψϭ͕ϬϬϬ͕ϬϬϬ W^& ΨϮϬϬ ΨϴϬϬ͕ϬϬϬ ΨϭϱϬ ΨϲϬϬ͕ϬϬϬ ΨϭϬϬ ΨϰϬϬ͕ϬϬϬ ΨϱϬ ΨϮϬϬ͕ϬϬϬ ΨϬΨϬ ^ƵďŵĂƌŬĞƚ KůŵƐƚĞĚŽƵŶƚǇEĞǁŽŶƐƚƌƵĐƚŝŽŶDƵůƚŝĨĂŵŝůǇ ΨϲϬϬ͕ϬϬϬΨϯϬϬ ǀŐ͘WƌŝĐĞǀŐ͘W^& ΨϱϬϬ͕ϬϬϬΨϮϱϬ ΨϰϬϬ͕ϬϬϬΨϮϬϬ ǀŐ͘WƌŝĐĞ W^& ΨϯϬϬ͕ϬϬϬΨϭϱϬ ΨϮϬϬ͕ϬϬϬΨϭϬϬ ΨϭϬϬ͕ϬϬϬΨϱϬ ΨϬΨϬ ^ƵďŵĂƌŬĞƚ Dy&/>Z^Z,ΘKE^h>d/E'ϭϱϰ &KZͲ^>,Kh^/E'E>z^/^ ZĞĂůƚŽƌͬƵŝůĚĞƌͬĞǀĞůŽƉĞƌ^ƵƌǀĞǇ 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ŽƵƚŽĨƌĞĂĐŚĨŽƌŵĂŶǇŚŽƵƐĞŚŽůĚĞƌƐ͕ĞƐƉĞĐŝĂůůǇĞŶƚƌǇͲůĞǀĞůďƵǇĞƌƐ͘ DĂƌŬĞƚƟŵĞ;ŝ͘Ğ͘ĚĂǇƐŽŶŵĂƌŬĞƚͿŚĂĚŝŶĐƌĞĂƐĞĚƐůŝŐŚƚůǇŽǀĞƌƚŚĞƉĂƐƚǇĞĂƌ;ĂǀĞƌĂŐĞŽĨ x ĂďŽƵƚϰϱĚĂǇƐͿ͕ŚŽǁĞǀĞƌƐƟůůƌĞŵĂŝŶƐůŽǁďǇŚŝƐƚŽƌŝĐĂůƐƚĂŶĚĂƌĚƐ͘dƵƌŶ ͲŬĞǇŚŽŵĞƐ ƉƌŝĐĞĚƌŝŐŚƚǁŝůůƐĞůůŝŶůĞƐƐƚŚĂŶϯϬĚĂǇƐ͘>ŽǁĞƌͲƉƌŝĐĞĚŚŽŵĞƐƐĞůůƚŚĞƋƵŝĐŬĞƐƚǁŚĞƌĞĂƐ ŵŽǀĞͲ ƵƉĂŶĚĞǆĞĐƵƟǀĞŚŽŵĞƐŚĂǀĞůŽŶŐĞƌŵĂƌŬĞƚƟŵĞƐ͘ dŚĞĐŽŶƐĞŶƐƵƐĂŵŽŶŐƐƵƌǀĞǇĞĚZĞĂůƚŽƌƐŝƐƚŚĂƚƚŚĞďŝŐŐĞƐƚďĂƌƌŝĞƌƐƚŽďƵǇŝŶŐĂŚŽŵĞŝŶ x ƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝƐƚŚƌĞĞĨŽůĚ͗ŚŝŐŚŝŶƚĞƌĞƐƚƌĂƚĞƐ͕ůĂĐŬŽĨƐƵƉƉůǇ͕ĂŶĚƚŚĞ ƌŝƐŝŶŐĐŽƐƚƐŽĨŚŽŵĞŽǁŶĞƌƐŚŝƉ͘ ,ŽƵƐŝŶŐĂīŽƌĚĂďŝůŝƚǇŚĂƐĂůǁĂǇƐďĞĞŶĂŬĞǇĚƌŝǀĞƌĨŽƌŵĂŶǇŽĨƚŚĞĐŽŵŵƵŶŝƟĞƐŝŶƚŚĞ x KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘ƵǇĞƌƐŚĂǀĞŐĞŶĞƌĂůůǇƌĞĐĞŝǀĞĚŵŽƌĞŚŽƵƐĞĨŽƌƚŚĞĚŽůůĂƌ ĐŽŵƉĂƌĞĚƚŽƚŚĞdǁŝŶŝƟĞƐ͘,ŽǁĞǀĞƌ͕ƚŚŝƐŐĂƉŚĂƐďĞĞŶƐŚƌŝŶŬŝŶŐǁŝƚŚƐƚƌŽŶŐ ĂƉƉƌĞ ĐŝĂƟŽŶĂŶĚůŝŵŝƚĞĚŝŶǀĞŶƚŽƌǇǁŚŝĐŚŶŽǁƌŝǀĂůƚŚĞdǁŝŶŝƟĞƐ͘ tŚĞŶƉƌŽďĞĚĂďŽƵƚƚŚĞƉƌŽũĞĐƚĞĚŵĞĚŝĂŶƐĂůĞƐƉƌŝĐĞŝŶϮϬϮϱ͕ŵŽƐƚZĞĂůƚŽƌƐďĞůŝĞǀĞ x ƉƌŝĐŝŶŐǁŝůůĐŽŶƟŶƵĞƚŽĞƐĐĂůĂƚĞǁŚŝůĞƚŚĞƐƵƉƉůǇƌĞŵĂŝŶƐƐƚĂďůĞ͘ZĞĂůƚŽƌƐǁĞƌĞƐƉůŝƚŽŶ ƚƌĂŶƐĂĐƟŽŶǀŽůƵŵĞŝŶϮϬϮϱ͖ĂďŽƵƚϰϮйŽĨZĞĂůƚŽƌƐĨĞĞůƚƌĂŶƐĂĐƟŽŶƐǁŝůůŝŶĐƌĞĂƐĞƚ ŚŝƐ ǇĞĂƌǁŚŝůĞϱϬйďĞůŝĞǀĞƐĂůĞƐǀĞůŽĐŝƟĞƐǁŝůůďĞƚŚĞƐĂŵĞĂƐϮϬϮϰ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϱϱ &KZͲ^>,Kh^/E'E>z^/^ tŚĞŶĂƐŬĞĚǁŚĂƚŚŽƵƐŝŶŐƚǇƉĞƐŚĂǀĞƚŚĞŐƌĞĂƚĞƐƚŶĞĞĚ͕ĞŶƚƌǇͲůĞǀĞůƐŝŶŐůĞͲĨĂŵŝůǇǁĂƐ x ĐŝƚĞĚĂƐƚŚĞƉƌŽĚƵĐƚǁŝƚŚƚŚĞůĂƌŐĞƐƚŐĂƉ͘KƚŚĞƌƉƌŽĚƵĐƚƐǁŝƚŚŚŝŐŚŶĞĞĚŝŶĐůƵĚĞĚ ƚŽǁŶŚŽŵĞƐͬĐŽŶĚŽŵŝŶŝƵŵƐ͕ǀŝůůĂƐĂŶĚŽŶĞͲ ůĞǀĞůůŝǀŝŶŐŽƉƟŽŶƐ͕ŵŽǀĞ ͲƵƉƐŝŶŐůĞͲĨĂŵŝůǇ ŚŽƵƐŝŶ Ő͕ĂŶĚƐĞŶŝŽƌŚŽƵƐŝŶŐŽƉƟŽŶƐ͘ dŚĞŵŽƐƚĂĐƟǀĞŚŽŵĞďƵǇĞƌƐŝŶƚŚĞĐŽƵŶƚǇŚĂǀĞďĞĞŶŵĂƌƌŝĞĚĂŶĚƵŶŵĂƌƌŝĞĚĐŽƵƉůĞƐ x ǁŝƚŚĐŚŝůĚƌĞŶ͘,ŽǁĞǀĞƌ͕ŵĂƌƌŝĞĚĂŶĚƵŶŵĂƌƌŝĞĚĐŽƵƉůĞƐǁŝƚŚŽƵƚĐŚŝůĚƌĞŶĂƌĞĂůƐŽĂŶ ĂĐƟǀĞďƵǇĞƌƐĐŽŚŽƌƚĂŶĚǁĞƌĞŶĞĂƌůǇĂƐĂĐƟǀĞ͘ EĞǁŽŶƐƚƌƵĐƟŽŶ EĞĂƌůǇϴϮйŽĨZĞĂůƚŽƌƐƐƵƌǀĞǇĞĚŝŶĚŝĐĂƚĞĚƚŚĞƌĞĂƌĞĂůĂĐŬŽĨůŽƚƐĂǀĂŝůĂďůĞƚŽƉƵƌĐŚĂƐĞ x ĂĐƌŽƐƐƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘ EĞǁĐŽŶƐƚƌƵĐƟŽŶƉƌŝĐŝŶŐŚĂƐĞƐĐĂůĂƚĞĚƐŝŐŶŝĮĐĂŶƚůǇƐŝŶĐĞƚŚĞƉĂŶĚĞŵŝĐ͘ůƚŚŽƵŐŚŵŽƐƚ x ƐƵƉƉůǇĐŚĂŝŶŝƐƐƵĞƐŚĂǀĞďĞĞŶŵŝƟŐĂƚĞĚ͕ĐŽŶƐƚƌƵĐƟŽŶĂŶĚůĂďŽƌĐŽƐƚƐĐŽŶƟŶƵĞƚŽƌŝƐĞ͘ ůĂĐŬŽĨůĂďŽƌĂŶĚƌŝƐŝŶŐǁĂŐĞƐĐŽŶƟŶƵĞƐƚŽĐŚĂůůĞŶŐĞďƵŝůĚĞƌƐ͘ >ŽƚƐŝǌĞƐĐŽŶƟŶƵĞƚŽĐŽŵƉƌĞƐƐǁŝƚŚŝŶŵĂŶǇŵƵŶŝĐŝƉĂůŝƟĞƐ͕ŚŽǁĞǀĞƌƚŽǁŶƐŚŝƉĂŶĚ x ĂĐƌĞĂŐĞůŽƚƐĐŽŶƟŶƵĞƚŽŚĂǀĞƐƚƌŽŶŐĚĞŵĂŶĚĨŽƌďƵǇĞƌƐƐĞĞŬŝŶŐŽƉƉŽƌƚƵŶŝƟĞƐŝŶĂŵŽƌĞ 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ŽŵŵƵŶŝƚǇEĞĞĚƐ^ƵƌǀĞǇZĞƉŽƌƚŝŶĐůƵĚĞƐĚĞŵŽŐƌĂƉŚŝĐƐŽĨƌĞƐƉŽŶĚĞŶƚƐ͕ƐƵŵŵĂƌǇŽĨƚƌĞŶĚƐ ƐĞĞŶŽƌĞǆƉĞƌŝĞŶĐĞĚ͕ĂŶĂƐƐĞƐƐŵĞŶƚŽĨƉĞƌĐĞŝǀĞĚďĂƌƌŝĞƌƐĂŶĚŚĞůƉĨƵůƌĞƐŽƵƌĐĞƐ͕ĂŶĚ ƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐĨŽƌŚŽƵƐŝŶŐƌĞůĂƚĞĚŝŶǀĞƐƚŵĞŶƚƐ͘ ůƐŽŝŶĐůƵĚĞĚŝŶƚŚĞĂƐƐĞƐƐŵĞŶƚŝƐŝŶĨŽƌŵĂƚŝŽŶŽŶĞǆŝƚƐŽĨŝŶĚŝǀŝĚƵĂůƐĨƌŽŵƚŚĞŽŽƌĚŝŶĂƚĞĚ ŶƚƌǇƐǇƐƚĞŵĂŶĚƚŚĞŝƌƚƌĂŶƐŝƚŝŽŶƚŽŽƚŚĞƌĨĂĐŝůŝƚŝĞƐŽƌƚŽďĞŝŶŐŚŽŵĞůĞƐƐĂŶĚĂŶŝŶǀĞŶƚŽƌǇŽĨ ƵŶŝƚƐͬďĞĚƐĨŽƌǀĂƌŝŽƵƐƚǇƉĞƐŽĨĨĂĐŝůŝƚŝĞƐŝŶĐůƵĚŝŶŐĞŵĞƌŐĞŶĐǇƐŚĞůƚĞƌƐ͕ƚƌĂŶƐŝƚŝŽŶĂůŚŽƵƐŝŶŐ͕ ƌĂƉŝĚƌĞͲŚŽƵƐŝŶŐ͕ƉĞƌŵĂŶĞŶƚƐƵƉƉŽƌƚŝǀĞŚŽƵƐŝŶŐĂŶĚŽƚŚĞƌƉĞƌŵĂŶĞŶƚŚŽƵƐŝŶŐ͘ ĂĐŚǇĞĂƌŝŶ:ĂŶƵĂƌǇ͕ĐŽŵŵƵŶŝƚŝĞƐŝŶDŝŶŶĞƐŽƚĂĂŶĚĂĐƌŽƐƐƚŚĞEĂƚŝŽŶĐŽŶĚƵĐƚĂWŽŝŶƚͲŝŶͲdŝŵĞ ĐŽƵŶƚ͘WŽŝŶƚͲŝŶͲdŝŵĞĐŽƵŶƚƐŝĚĞŶƚŝĨǇƉĞŽƉůĞƚŚĂƚĂƌĞĐŽŶƐŝĚĞƌĞĚŚŽŵĞůĞƐƐĂŶĚĂƌĞĞŝƚŚĞƌ ƐŚĞůƚĞƌĞĚŽƌƵŶƐŚĞůƚĞƌĞĚ͘dŚĞƐŚĞůƚĞƌĞĚĐŽƵŶƚĨŽƌƚŚŽƐĞĞǆƉĞƌŝĞŶĐŝŶŐŚŽŵĞůĞƐƐŶĞƐƐŝŶĐůƵĚĞƐ ƚŚŽƐĞŝŶŵĞƌŐĞŶĐǇ^ŚĞůƚĞƌƐ͕dƌĂŶƐŝƚŝŽŶĂů,ŽƵƐŝŶŐ͕Žƌ^ĂĨĞ,ĂǀĞŶƉƌŽŐƌĂŵƐŽŶƚŚĞŶŝŐŚƚŽĨƚŚĞ ϭϲϬ Dy&/>Z^Z,EKE^h>d/E' ^W/>E^E,KD>^^WKWh>d/KE^ W/d͘dŚĞƐŚĞůƚĞƌĞĚĐŽƵŶƚŝŶĐůƵĚĞƐĚĂƚĂĨƌŽŵĂŐĞŶĐŝĞƐƚŚĂƚƉĂƌƚŝĐŝƉĂƚĞŝŶƚŚĞ,D/^;,ŽŵĞůĞƐƐ DĂŶĂŐĞŵĞŶƚ/ŶĨŽƌŵĂƚŝŽŶ^ǇƐƚĞŵͿ͕ƐƵĐŚĂƐĚŽŵĞƐƚŝĐǀŝŽůĞŶĐĞƉƌŽũĞĐƚƐ͘dŚĞƵŶƐŚĞůƚĞƌĞĚĐŽƵŶƚ ƌĞƉƌĞƐĞŶƚƐƚŚŽƐĞƚŚĂƚĂƌĞƵŶƐŚĞůƚĞƌĞĚŽŶƚŚĞƐƚƌĞĞƚŽƌĚŽƵďůĞĚƵƉŽƌŝŶĂƉůĂĐĞŶŽƚĨŝƚĨŽƌ ŚƵŵĂŶŚĂďŝƚĂƚŝŽŶŽƌƚĞŵƉŽƌĂƌŝůǇƐƚĂǇŝŶŐǁŝƚŚĨƌŝĞŶĚƐŽƌĨĂŵŝůǇ͘dŚĞƵŶƐŚĞůƚĞƌĞĚĂŶĚĚŽƵďůĞĚͲ ƵƉĐŽƵŶƚƐĂƌĞĐŽůůĞĐƚĞĚďǇƐƚƌĞĞƚŽƵƚƌĞĂĐŚƚĞĂŵƐ͕ǀŽůƵŶƚĞĞƌƐƵƌǀĞǇŽƌƐ͕ƐĐŚŽŽůůŝĂŝƐŽŶƐĂŶĚ ŽƚŚĞƌĐŽŵŵƵŶŝƚǇƉĂƌƚŶĞƌƐƵƐŝŶŐĂĨĂĐĞͲƚŽͲĨĂĐĞƐƵƌǀĞǇ͘ ,ŽŵĞůĞƐƐĂƚĂ WŽŝŶƚͲŝŶͲdŝŵĞŽƵŶƚƐ ĂƚĂŽŶdĂďůĞ^EͲϭƐŚŽǁƚŚĞWŽŝŶƚͲŝŶͲdŝŵĞŽƵŶƚƐĨŽƌĐŽƵŶƚŝĞƐŝŶĐůƵĚĞĚŝŶƚŚĞZŝǀĞƌsĂůůĞǇƐ Ž͘dŚĞĚĂƚĂƐŚŽǁƐŚŽŵĞůĞƐƐĐŽƵŶƚƐ;ƚŽƚĂůĂŶĚƵŶƐŚĞůƚĞƌĞĚͿĨƌŽŵϮϬϬϱƚŚƌŽƵŐŚϮϬϮϰ͘dŚĞ W/dĐŽƵŶƚƐŚŽƵůĚďĞĐŽŶƐŝĚĞƌĞĚĂŵŝŶŝŵƵŵĐŽƵŶƚ͕ƐŝŶĐĞƐŽŵĞƉĞŽƉůĞŽƵƚƐŝĚĞƚŚĞƐŚĞůƚĞƌ ƐǇƐƚĞŵŵĂǇŶŽƚďĞĨŽƵŶĚŽŶƚŚĞŶŝŐŚƚŽĨƚŚĞƐƚƵĚǇ͕ĞƐƉĞĐŝĂůůǇƉĞŽƉůĞŝŶƌƵƌĂůĂƌĞĂƐĂŶĚǇŽƵƚŚ͘ KƚŚĞƌĚĂƚĂŝƐĂǀĂŝůĂďůĞƚŽƵŶĚĞƌƐƚĂŶĚĐŽƵŶƚƐƚŚƌŽƵŐŚŽƵƚƚŚĞǇĞĂƌ͘ dŚĞĚĂƚĂƐŚŽǁƐƚŚĂƚƚŚĞW/dĐŽƵŶƚŝŶ^ĂŶĚ^ŽƵƚŚĞŶƚƌĂůDŝŶŶĞƐŽƚĂƐƉŝŬĞĚŝŶϮϬϭϳƚŚĞŶ ĚĞĐƌĞĂƐĞĚĚƵƌŝŶŐƚŚĞƉĂŶĚĞŵŝĐ͕ƐƉŝŬĞĚĂŐĂŝŶŝŶϮϬϮϮ͕ĚƌŽƉƉĞĚŝŶϮϬϮϯĂŶĚƚŚĞŶŝŶĐƌĞĂƐĞĚ ĂŐĂŝŶŝŶϮϬϮϰ͘ WŽŝŶƚͲŝŶdŝŵĞŽƵŶƚͲ,ŽŵĞůĞƐƐWŽƉƵůĂƚŝŽŶ ^ͬ^ŽƵƚŚĞŶƚƌĂůDŝŶŶĞƐŽƚĂ ϮϬϬϱƚŚƌŽƵŐŚϮϬϮϰ ͕͏͏ ͔͏͏ bŪıæôŘώĺċώFĺıôīôŜŜ ͓͏͏ ͒͏͏ ͑͏͏ ͐͏͏ ͏ ͑͏͓͐͑͏͓͑ ͑͏͏͔͑͏͏͕͑͏͏͖͑͏͏͗͑͏͏͑͘͏͐͏͑͏͐͐͑͏͐͑͑͏͐͒͑͏͔͐͑͏͕͐͑͏͖͐͑͏͐͗͑͏͐͑͘͏͑͏͑͏͑͐͑͏͑͑͑͏͑͒ ĞƐƉŝƚĞƐŚŝĨƚƐŝŶƚŽƚĂůĐŽƵŶƚƐŽǀĞƌƚŚĞƉĂƐƚƐĞǀĞƌĂůǇĞĂƌƐ͕ƚŚĞƉĂƐƚƚŚƌĞĞǇĞĂƌƐ͛ĐŽƵŶƚƐŚĂǀĞ ƐŚŽǁŶŚŝŐŚĞƌŶƵŵďĞƌƐŽĨƚŚŽƐĞƵŶƐŚĞůƚĞƌĞĚ͕ƚŚŽƐĞƚŚĂƚǁĞƌĞŝĚĞŶƚŝĨŝĞĚĂƐůŝǀŝŶŐŝŶƉůĂĐĞƐŶŽƚ ĚĞƐŝŐŶĞĚĨŽƌŽƌƵŶĨŝƚĨŽƌŚƵŵĂŶŚĂďŝƚĂƚŝŽŶ͘dŚŝƐƐƵŐŐĞƐƚƐĂŶĞĞĚĨŽƌĂĚĚŝƚŝŽŶĂůĨĂĐŝůŝƚŝĞƐ ;ĞŵĞƌŐĞŶĐǇĂŶĚƉĞƌŵĂŶĞŶƚͿƚŽŚŽƵƐĞƚŚĞŚŽŵĞůĞƐƐ͘ ϭϲϭ Dy&/>Z^Z,EKE^h>d/E' ^W/>E^E,KD>^^WKWh>d/KE^ d>^EͲϭ WK/EdͲ/EͲd/DKhEd^ ,KD>^^WKWh>d/KE^ ZK,^dZͬ^Khd,^dD/EE^KdŽ ϮϬϬϱd,ZKh',ϮϬϮϰ ,ŽŵĞůĞƐƐWĞƌƐŽŶƐhŶƐŚĞůƚĞƌĞĚ ϮϬϬϱϰϱϲϯϲ ϮϬϬϲϰϲϴϰϴ ϮϬϬϳϰϰϲϯϯ ϮϬϬϴϰϰϲϯϯ ϮϬϬϵϰϭϳϰ ϮϬϭϬϰϭϵϭϯ ϮϬϭϭϯϲϭϱ ϮϬϭϮϯϳϵϮϬ ϮϬϭϯϰϱϮϮϳ ϮϬϭϰϰϴϮϮϲ ϮϬϭϱϰϱϭϮϮ ϮϬϭϲϰϮϯϭϰ ϮϬϭϳϱϱϮϱϳ ϮϬϭϴϰϵϳϲϲ ϮϬϭϵϰϱϮϱϴ ϮϬϮϬϰϱϵϲϲ ϮϬϮϭϰϭϵϬ ϮϬϮϮϰϴϱϴϴ ϮϬϮϯϯϰϬϳϲ ϮϬϮϰϯϵϴϵϬ EŽƚĞ͗hŶƐŚĞůƚĞƌĞĚĐŽƵŶƚƐŝŶĐůƵĚĞĚŝŶ,ŽŵĞůĞƐƐWĞƌƐŽŶƐƚŽƚĂů ϮϬϬϴĐŽƵŶƚƐĂƌĞĂĚƵƉůŝĐĂƚĞŽĨƚŚĞϮϬϬϳƌĞƉŽƌƚ hŶƐŚĞůƚĞƌĞĚĐŽƵŶƚĨŽƌϮϬϮϭǁĂƐŶŽƚƌĞĐŽƌĚĞĚ͘ ^ŽƵƌĐĞƐ͗ZŝǀĞƌsĂůůĞǇƐŽŶƚŝŶŶƵŵŽĨĂƌĞ͗WŽŝŶƚͲŝŶͲdŝŵĞŽƵŶƚƐ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐ ZŝǀĞƌsĂůůĞǇƐŽʹϮϬϮϯĂƚĂZĞƉŽƌƚƐ ^ƵŵŵĂƌǇŽĨWĞŽƉůĞ^ĞĞŬŝŶŐ,ŽƵƐŝŶŐ dĂďůĞ^EͲϮƐŚŽǁƐƚŚĞŶƵŵďĞƌŽĨƉĞŽƉůĞƐĞĞŬŝŶŐŚŽƵƐŝŶŐŝŶϮϬϮϯĂƐĐŽŵƉĂƌĞĚƚŽĂŶĂŶŶƵĂů ĂǀĞƌĂŐĞŽĨƉƌĞǀŝŽƵƐǇĞĂƌƐ͘ĂƚĂŝƐĐŽŵƉŝůĞĚƚŚƌŽƵŐŚŽƵƚƚŚĞǇĞĂƌĨƌŽŵǀĂƌŝŽƵƐĨĂĐŝůŝƚŝĞƐĂŶĚ ŽƚŚĞƌůŽĐĂůƐŽƵƌĐĞƐĂŶĚďĞƚƚĞƌƌĞĨůĞĐƚƐƚŚĞŶƵŵďĞƌŽĨƉĞŽƉůĞĂŶĚŚŽƵƐĞŚŽůĚƐƚŚĂƚĂƌĞ ĞǆƉĞƌŝĞŶĐŝŶŐŚŽƵƐŝŶŐŝŶƐƚĂďŝůŝƚǇ͘ ϭϲϮ Dy&/>Z^Z,EKE^h>d/E' ^W/>E^E,KD>^^WKWh>d/KE^ dŚĞƚĂďůĞƐŚŽǁƐĂƚŽƚĂůŽĨϭ͕ϬϮϯƉĞŽƉůĞĂŶĚϱϲϱŚŽƵƐĞŚŽůĚƐƐĞĞŬŝŶŐŚŽƵƐŝŶŐŝŶKůŵƐƚĞĚŽƵŶƚǇ ŝŶϮϬϮϯ͘dŚŝƐŝƐĂŶŝŶĐƌĞĂƐĞŽǀĞƌƚŚĞĂǀĞƌĂŐĞŽĨƉƌĞǀŝŽƵƐǇĞĂƌƐǁŚĞŶϴϳϴƉĞŽƉůĞĂŶĚϰϵϵ ŚŽƵƐĞŚŽůĚƐƐŽƵŐŚƚŚŽƵƐŝŶŐ͘dŚĞƐŝŐŶŝĨŝĐĂŶƚŝŶĐƌĞĂƐĞŝƐůŝŬĞůǇĂƌĞƐƵůƚŽĨƐĞǀĞƌĂůĨĂĐƚŽƌƐ͕ǁŚŝĐŚ ŝŶĐůƵĚĞďƵƚĂƌĞŶŽƚůŝŵŝƚĞĚƚŽĂůĂĐŬŽĨĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐ͕ƐŝŐŶŝĨŝĐĂŶƚŝŶĐƌĞĂƐĞƐŝŶƌĞŶƚƐŝŶƚŚĞ ůŽĐĂůŚŽƵƐŝŶŐŵĂƌŬĞƚ͕ƌŝƐŝŶŐĨŽƌͲƐĂůĞŚŽŵĞƉƌŝĐĞƐ͕ŽǀĞƌĂůůŝŶĨůĂƚŝŽŶ͕ĞƚĐ͘ d>^EͲϮ ^hDDZzK&WKW>^</E',Kh^/E' K>D^dKhEdz ϮϬϮϯ ,ŽƵƐŝŶŐ^ŝƚƵĂƚŝŽŶ,ŽƵƐĞŚŽůĚƐWĞŽƉůĞ ϮϬϮϯϱϲϱϭ͕ϬϮϯ ĞĨŽƌĞϮϬϮϯϰϵϵϴϳϴ ^ŽƵƌĐĞƐ͗ZŝǀĞƌsĂůůĞǇŽͲKůŵƐƚĞĚƚǇEĞĞĚƐ͖ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐ ŐĞŝƐƚƌŝďƵƚŝŽŶ dĂďůĞ^EͲϯďĞůŽǁƐŚŽǁƐƚŚĞĂŐĞĚŝƐƚƌŝďƵƚŝŽŶ;ŚŽƵƐĞŚŽůĚƐĂŶĚƉĞŽƉůĞͿŽĨƚŚŽƐĞƐĞĞŬŝŶŐŚŽƵƐŝŶŐ ŝŶKůŵƐƚĞĚŽƵŶƚǇŝŶϮϬϮϯ͘dŚĞƚĂďůĞƐŚŽǁƐƚŚĂƚϱϮ͘ϮйŽĨŚŽƵƐĞŚŽůĚƐƐĞĞŬŝŶŐŚŽƵƐŝŶŐŝŶ KůŵƐƚĞĚŽƵŶƚǇǁĞƌĞďĞƚǁĞĞŶƚŚĞĂŐĞƐŽĨϮϱĂŶĚϰϰĂŶĚĂĐĐŽƵŶƚĞĚĨŽƌϲϯ͘ϰйŽĨĂůůƉĞŽƉůĞ ƐĞĞŬŝŶŐŚŽƵƐŝŶŐ͘,ŽƵƐĞŚŽůĚƐĂŐĞϱϱǇĞĂƌƐŽƌŽůĚĞƌĂĐĐŽƵŶƚĞĚĨŽƌϭϲйĂŶĚǇŽƵƚŚϭϴƚŽϮϰ ĂĐĐŽƵŶƚĞĚĨŽƌϭϱ͘ϮйŽĨŚŽƵƐĞŚŽůĚƐ͘ d>^EͲϯ '/^dZ/hd/KE K>D^dKhEdz ϮϬϮϯ ,ŽƵƐĞŚŽůĚƐWĞŽƉůĞ ŐĞEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ hŶĚĞƌϭϴϭϭϭ͘ϬйϭϮϬ͘ϲй ϭϴƚŽϮϰϭϲϮϭϱ͘ϮйϮϱϱϭϯ͘ϰй ϮϱƚŽϯϰϮϴϴϮϳ͘ϭйϲϱϱϯϰ͘ϱй ϯϱƚŽϰϰϮϲϳϮϱ͘ϭйϱϱϬϮϴ͘ϵй ϰϱƚŽϱϰϭϲϲϭϱ͘ϲйϮϯϰϭϮ͘ϯй ϱϱƚŽϲϰϭϯϲϭϮ͘ϴйϭϱϵϴ͘ϰй ϲϱƚŽϳϰϯϮϯ͘Ϭйϯϯϭ͘ϳй ϳϱнϮϬ͘ϮйϯϬ͘Ϯй ϭ͕ϬϲϰϭϬϬ͘Ϭйϭ͕ϵϬϭϭϬϬ͘Ϭй ^ŽƵƌĐĞƐ͗ZŝǀĞƌsĂůůĞǇŽĐϮϬϮϯ,ŽƵƐŝŶŐEĞĞĚƐ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ϭϲϯ Dy&/>Z^Z,EKE^h>d/E' ^W/>E^,Kh^/E' ZĂĐĞ dĂďůĞ^EͲϰďĞůŽǁƐŚŽǁƐƚŚĞƌĂĐĞĂŶĚĞƚŚŶŝĐŝƚǇŽĨƚŚŽƐĞƐĞĞŬŝŶŐŚŽƵƐŝŶŐŝŶKůŵƐƚĞĚŽƵŶƚǇŝŶ ϮϬϮϯ͘ƐƐŚŽǁŶ͕ƚŚĞƚǁŽůĂƌŐĞƐƚƌĂĐŝĂůŐƌŽƵƉƐĞǆƉĞƌŝĞŶĐŝŶŐŚŽƵƐŝŶŐŝŶƐƚĂďŝůŝƚǇĂŶĚƐĞĞŬŝŶŐ ŚŽƵƐŝŶŐǁĞƌĞŚŽƵƐĞŚŽůĚƐǁŚŽƐĞůĨͲŝĚĞŶƚŝĨŝĞĚĂƐ͞tŚŝƚĞ͟;ϰϴ͘ϱйͿĂŶĚƚŚŽƐĞǁŚŽƐĞůĨͲŝĚĞŶƚŝĨŝĞĚ ĂƐ͞ůĂĐŬŽƌĨƌŝĐĂŶŵĞƌŝĐĂŶ͟;ϯϮ͘ϵйͿ͘ŽŵƉĂƌĂƚŝǀĞůǇ͕ƚŚĞƐĞĐĂƚĞŐŽƌŝĞƐĂĐĐŽƵŶƚĞĚĨŽƌϰϲ͘ϯй ĂŶĚϯϮ͘ϳйŽĨƉĞŽƉůĞ͘dŚĞƚŚŝƌĚŚŝŐŚĞƐƚĐĂƚĞŐŽƌǇǁĂƐDƵůƚŝƉůĞZĂĐĞƐ;ĂůƐŽŝĚĞŶƚŝĨǇŝŶŐĂƐ ,ŝƐƉĂŶŝĐͬ>ĂƚŝŶŽ;ĂͿ;ĞͿ͕ǁŚŽĂĐĐŽƵŶƚĞĚĨŽƌϳ͘ϭйŽĨŚŽƵƐĞŚŽůĚƐĂŶĚϴ͘ϱйŽĨƉĞŽƉůĞ͘ DŽƌĞŚŽƵƐĞŚŽůĚƐĂŶĚƉĞŽƉůĞŝŶĂůůĂƌĞĂƐŽĨƚŚĞƐƚĂƚĞĂƌĞƐĞůĨͲŝĚĞŶƚŝĨǇŝŶŐĂƐŵŽƌĞƚŚĂŶŽŶĞƌĂĐĞ ŽƌŵƵůƚŝƉůĞƌĂĐĞƐ͘dŚĞŵĂũŽƌŝƚǇŽĨƚŚĞƐĞŝŶĚŝǀŝĚƵĂůƐĂƌĞĐŽŶƐŝĚĞƌĞĚĂƐƉĞŽƉůĞŽĨĐŽůŽƌ͘/Ŷ KůŵƐƚĞĚŽƵŶƚǇ͕ƚŚĞƉƌŽƉŽƌƚŝŽŶŽĨƚŚĞƚŽƚĂůƉŽƉƵůĂƚŝŽŶƐĞůĨͲŝĚĞŶƚŝĨǇŝŶŐĂƐůĂĐŬŽƌĨƌŝĐĂŶ ŵĞƌŝĐĂŶǁĂƐϲ͘ϴйŝŶϮϬϮϬĂŶĚƚŚŽƐĞƐĞůĨͲŝĚĞŶƚŝĨǇŝŶŐĂƐDƵůƚŝƉůĞZĂĐĞƐǁĂƐϲ͘ϭйŝŶϮϬϮϬ͘dŚŝƐ ĚĞŵŽŶƐƚƌĂƚĞƐƚŚĂƚƚŚĞƐĞƌĂĐŝĂůŐƌŽƵƉƐĂƌĞƉŽƚĞŶƚŝĂůůǇĞǆƉĞƌŝĞŶĐŝŶŐĂĚŝƐƉƌŽƉŽƌƚŝŽŶĂƚĞůǇŚŝŐŚĞƌ ŚŽƵƐŝŶŐŝŶƐƚĂďŝůŝƚǇƚŚĂŶƚŚĞƉŽƌƚŝŽŶŽĨƚŚĞŽǀĞƌĂůůƉŽƉƵůĂƚŝŽŶƚŚĞǇƌĞƉƌĞƐĞŶƚ͘ d>^EͲϰ ZEd,E/<'ZKhEK&d,K^^</E',Kh^/E' K>D^dKhEdz ϮϬϮϯ ,ŽƵƐĞŚŽůĚƐWĞŽƉůĞ ZĂĐŝĂůͬƚŚŶŝĐĂĐŬŐƌŽƵŶĚEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ ŵĞƌŝĐĂŶ/ŶĚŝĂŶŽƌEĂƚŝǀĞŵĞƌŝĐĂŶϮϬϭ͘ϵйϯϱϭ͘ϴй ƐŝĂŶϭϵϭ͘ϴйϯϳϭ͘ϵй ůĂĐŬŽƌĨƌŝĐĂŶŵĞƌŝĐĂŶϯϱϬϯϮ͘ϵйϲϮϭϯϮ͘ϳй EĂƚŝǀĞ,ĂǁĂŝŝĂŶŽƌWĂĐŝĨŝĐ/ƐůĂŶĚĞƌϭϬ͘ϭйϭϬ͘ϭй tŚŝƚĞϱϭϲϰϴ͘ϱйϴϴϬϰϲ͘ϯй DƵůƚŝƉůĞZĂĐĞƐ;ŶŽŶ,ͬ>Ϳϱϭϰ͘ϴйϭϬϳϱ͘ϲй DƵůƚŝƉůĞZĂĐĞƐ;,ͬ>Ϳϳϲϳ͘ϭйϭϲϭϴ͘ϱй ϭϳ ,ŝƐƉĂŶŝĐ>ĂƚŝŶĂͬŽͬĞϭϬϬ͘ϵйϬ͘ϵй DŝƐƐŝŶŐϭϮϭ͘ϭйϯϭϭ͘ϲй ŽŶ͛ƚ<ŶŽǁͬZĞĨƵƐĞĚϵϬ͘ϴйϭϭϬ͘ϲй dKd>ϭ͕ϬϲϰϭϬϬ͘Ϭйϭ͕ϵϬϭϭϬϬ͘Ϭй EŽƚĞ͗,ŝƐƉĂŶŝĐͬ>ĂƚŝŶŽŵĂǇĂůƐŽďĞŽĨƚǁŽŽƌŵŽƌĞƌĂĐĞƐ͘ ^ŽƵƌĐĞƐ͗ZŝǀĞƌsĂůůĞǇŽ͗KůŵƐƚĞĚŽƵŶƚǇEĞĞĚƐ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ,ŽƵƐĞŚŽůĚdǇƉĞ dĂďůĞ^EͲϱƐŚŽǁƐƚŚĞŶƵŵďĞƌŽĨŚŽƵƐĞŚŽůĚƐĂŶĚƉĞŽƉůĞƐĞĞŬŝŶŐŚŽƵƐŝŶŐŝŶKůŵƐƚĞĚŽƵŶƚǇŝŶ ϮϬϮϯďǇŚŽƵƐĞŚŽůĚƚǇƉĞ͘ƐƐŚŽǁŶ͕ƚŚĞŚŝŐŚĞƐƚƉƌŽƉŽƌƚŝŽŶŽĨŚŽƵƐĞŚŽůĚƐǁĞƌĞĚƵůƚƐϮϱн ǁŝƚŚŽƵƚĐŚŝůĚƌĞŶ;ϱϳ͘ϱйͿ͕ĂůƚŚŽƵŐŚƚŚĞůĂƌŐĞƐƚŶƵŵďĞƌŽĨƉĞŽƉůĞ͕ϵϲϰ͕ǁĞƌĞĚƵůƚƐϮϱнǁŝƚŚ ĐŚŝůĚƌĞŶ͕ϱϬ͘ϳйŽĨĂůůƉĞŽƉůĞ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϲϰ ^W/>E^,Kh^/E' d>^EͲϱ ,Kh^,K>dzW K>D^dKhEdz ϮϬϮϯ ,ŽƵƐĞŚŽůĚƐWĞŽƉůĞ ,ŽƵƐĞŚŽůĚdǇƉĞEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ ĚƵůƚ;ϮϱнͿǁŝƚŚŽƵƚĐŚŝůĚƌĞŶϲϭϮϱϳ͘ϱйϲϳϬϯϱ͘Ϯй ĚƵůƚ;ϮϱнͿǁŝƚŚĐŚŝůĚƌĞŶϮϳϵϮϲ͘ϮйϵϲϰϱϬ͘ϳй zŽƵƚŚ;ϭϴͲϮϰͿǁŝƚŚŽƵƚĐŚŝůĚƌĞŶ ϭϬϳϭϬ͘ϭйϭϭϵϲ͘ϯй zŽƵƚŚ;ϭϴͲϮϰͿǁŝƚŚĐŚŝůĚƌĞŶ ϱϱϱ͘Ϯйϭϯϲϳ͘Ϯй hŶĂĐĐŽŵƉĂŶŝĞĚzŽƵƚŚhŶĚĞƌϭϴ ϭϭϭ͘ϬйϭϮϬ͘ϲй dKd>ϭ͕ϬϲϰϭϬϬ͘Ϭйϭ͕ϵϬϭϭϬϬ͘Ϭй ^ŽƵƌĐĞƐ͗ZŝǀĞƌsĂůůĞǇŽ͗KůŵƐƚĞĚŽƵŶƚǇEĞĞĚƐ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ,ŽƵƐĞŚŽůĚ^ŝǌĞ ^ŝŶŐůĞƉĞŽƉůĞƌĞƉƌĞƐĞŶƚĞĚƚŚĞůĂƌŐĞƐƚŶƵŵďĞƌŽĨŚŽƵƐĞŚŽůĚƐĂŶĚƉĞŽƉůĞƐĞĞŬŝŶŐŚŽƵƐŝŶŐŝŶ KůŵƐƚĞĚŽƵŶƚǇŝŶϮϬϮϯ͘ƐƐŚŽǁŶ͕ϲϮйŽĨŚŽƵƐĞŚŽůĚƐǁĞƌĞŽŶĞͲƉĞƌƐŽŶŚŽƵƐĞŚŽůĚƐĂŶĚϲϲϬ ŝŶĚŝǀŝĚƵĂůƐ;ϯϰ͘ϳйŽĨĂůůƉĞŽƉůĞͿƐŽƵŐŚƚŚŽƵƐŝŶŐ͘dŚĞƐĞĐŽŶĚůĂƌŐĞƐƚŐƌŽƵƉǁĂƐƚǁŽͲƉĞƌƐŽŶ ŚŽƵƐĞŚŽůĚƐǁŝƚŚϭϳ͘ϳйŽĨĂůůŚŽƵƐĞŚŽůĚƐĂŶĚϭϵ͘ϴйŽĨƚŚĞƉŽƉƵůĂƚŝŽŶ͘dŚƌĞĞͲ͕ĨŽƵƌͲĂŶĚĨŝǀĞͲ ƉĞƌƐŽŶŚŽƵƐĞŚŽůĚƐĂĐĐŽƵŶƚĞĚĨŽƌϭϱ͘ϭй͕ϭϯ͘ϬйĂŶĚϴ͘ϵйŽĨƚŚĞŚŽƵƐŝŶŐͲƐĞĞŬŝŶŐƉŽƉƵůĂƚŝŽŶ ŝŶĚŝĐĂƚŝŶŐƚŚĞƌĞĂƌĞĂůƐŽůĂƌŐĞƌŚŽƵƐĞŚŽůĚƐ͕ŵŽƐƚůŝŬĞůǇĨĂŵŝůŝĞƐ͕ƚŚĂƚĂƌĞĞǆƉĞƌŝĞŶĐŝŶŐŚŽƵƐŝŶŐ ŝŶƐƚĂďŝůŝƚǇĂŶĚŝŶŶĞĞĚŽĨƉĞƌŵĂŶĞŶƚƐŚĞůƚĞƌ͘ d>^EͲϲ ,Kh^,K>^/ K>D^dKhEdz ϮϬϮϯ ,ŽƵƐĞŚŽůĚƐWĞŽƉůĞ EƵŵďĞƌŽĨWĞŽƉůĞƉĞƌ,ŽƵƐĞŚŽůĚEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ ϭϲϲϬϲϮ͘ϬйϲϲϬϯϰ͘ϳй Ϯϭϴϴϭϳ͘ϳйϯϳϲϭϵ͘ϴй ϯϵϲϵ͘ϬйϮϴϴϭϱ͘ϭй ϰϲϮϱ͘ϴйϮϰϴϭϯ͘Ϭй ϱϯϰϯ͘ϮйϭϳϬϴ͘ϵй ϲϭϰϭ͘ϯйϴϰϰ͘ϰй ϳϲϬ͘ϲйϰϮϮ͘Ϯй ϴϯϬ͘ϯйϮϰϭ͘ϯй ϵϭϬ͘ϭйϵϬ͘ϱй dKd>ϭ͕ϬϲϰϭϬϬ͘Ϭйϭ͕ϵϬϭϭϬϬ͘Ϭй ^ŽƵƌĐĞƐ͗ZŝǀĞƌsĂůůĞǇŽ͗KůŵƐƚĞĚŽƵŶƚǇEĞĞĚƐ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϭϲϱ ^W/>E^,Kh^/E' ůŝŐŝďŝůŝƚǇĨŽƌŽŽƌĚŝŶĂƚĞĚŶƚƌǇ dŚĞŽŶƚŝŶƵƵŵŽĨĂƌĞ;ŽͿWƌŽŐƌĂŵŝŶƚĞƌŝŵƌƵůĞƵŶĚĞƌƚŚĞ,Zd,ĐƚƌĞƋƵŝƌĞƐĂůůŽ͛ƐƚŽ ĞƐƚĂďůŝƐŚĂŶĚŝŵƉůĞŵĞŶƚĂŽŽƌĚŝŶĂƚĞĚŶƚƌǇ^ǇƐƚĞŵ;^ͿĂŶĚƚŽĚŽƐŽŝŶĐŽůůĂďŽƌĂƚŝŽŶǁŝƚŚ ƚŚĞŝƌůŽĐĂů^'Ɛ͘ŽŽƌĚŝŶĂƚĞĚŶƚƌǇŝƐĚĞĨŝŶĞĚƚŽŵĞĂŶĂĐĞŶƚƌĂůŝǌĞĚŽƌĐŽŽƌĚŝŶĂƚĞĚƉƌŽĐĞƐƐ ĚĞƐŝŐŶĞĚƚŽĐŽŽƌĚŝŶĂƚĞƉƌŽŐƌĂŵƉĂƌƚŝĐŝƉĂŶƚŝŶƚĂŬĞ͕ĂƐƐĞƐƐŵĞŶƚĂŶĚƉƌŽǀŝƐŝŽŶĨŽƌƌĞĨĞƌƌĂůƐĨŽƌ ǀĂƌŝŽƵƐŚŽƵƐŝŶŐŽƉƉŽƌƚƵŶŝƚŝĞƐĂŶĚƐƵƉƉŽƌƚƉƌŽŐƌĂŵƐ͘ ƐƐŚŽǁŶŽŶdĂďůĞ^EͲϳ͕ϭϴ͘ϯйŽĨƚŚŽƐĞǁŚŽǁĞƌĞƵŶƐŚĞůƚĞƌĞĚĂŶĚƐĞĞŬŝŶŐŚŽƵƐŝŶŐǁĞƌĞ ĞůŝŐŝďůĞĨŽƌĞŶƚƌǇŝŶƚŽ͘ŶŽƚŚĞƌϭϳ͘ϬйŽĨƚŚŽƐĞĞůŝŐŝďůĞǁĞƌĞĨůĞĞŝŶŐĚŽŵĞƐƚŝĐǀŝŽůĞŶĐĞĂŶĚ ϭϯ͘ϳйŵĞĞƚƚŚĞĚĞĨŝŶŝƚŝŽŶŽĨ,hĂŶĚDE,ŽƵƐŝŶŐůŽŶŐͲƚĞƌŵŚŽŵĞůĞƐƐ͘ŶŽƚŚĞƌϭϭ͘ϰйǁĞƌĞ ŝĚĞŶƚŝĨŝĞĚĂƐŵĞĞƚŝŶŐ,h͛ƐĚĞĨŝŶŝƚŝŽŶŽĨĐŚƌŽŶŝĐŚŽŵĞůĞƐƐŶĞƐƐ͘ d>^EͲϳ ^d/Dd>/'//>/dz&KZKKZ/EdEdZz;Ϳ K>D^dKhEdz ϮϬϮϯ WĞŽƉůĞ ĂƚĞŐŽƌǇEƵŵďĞƌWĐƚ͘ ,hŚƌŽŶŝĐ;,Ϳϭϰϵϭϭ͘ϰй ,hhŶƐŚĞůƚĞƌĞĚϮϰϬϭϴ͘ϯй ,h,ŽŵĞůĞƐƐнŝƐĂďŝůŝƚǇ;EŽŶ,ͿϭϲϴϭϮ͘ϴй ,h,ŽŵĞůĞƐƐ;ŶŽĚŝƐĂďŝůŝƚǇ͕ŶŽŶ,ͿϭϲϳϭϮ͘ϴй ,hĂƚĞŐŽƌǇϰ;ĨůĞĞŝŶŐsͿϮϮϯϭϳ͘Ϭй ,h,ŽŵĞůĞƐƐнDE>d,ϭϳϵϭϯ͘ϳй DE>d,ŝƐĂďŝůŝƚǇ;EŽƚ,h,ŽŵĞůĞƐƐͿϭϮϱϵ͘ϱй DE>d,ŶŽŝƐĂďŝůŝƚǇ;EŽƚ,h,ŽŵĞůĞƐƐͿϱϴϰ͘ϰй dKd>ϭ͕ϯϬϵϭϬϬ͘Ϭй ^ŽƵƌĐĞƐ͗ZŝǀĞƌsĂůůĞǇŽ͖KůŵƐƚĞĚŽƵŶƚǇ,ŽƵƐŝŶŐEĞĞĚƐ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ WĞŽƉůĞǆŝƚŝŶŐŽŽƌĚŝŶĂƚĞĚŶƚƌǇ dĂďůĞ^EͲϴďĞůŽǁƐŚŽǁƐƚŚĞŶƵŵďĞƌŽĨƉĞŽƉůĞƚŚĂƚĞǆŝƚĞĚƚŚĞĐŽŽƌĚŝŶĂƚĞĚĞŶƚƌǇƉƌŽŐƌĂŵĂŶĚ ƚŽǁŚĂƚƚǇƉĞŽĨĨĂĐŝůŝƚǇƚŚĞǇǁĞƌĞƚƌĂŶƐĨĞƌƌĞĚ͘ƐƐŚŽǁŶĂŶĚĞǆĐůƵĚŝŶŐƚŚŽƐĞǁŚŽƐĞĞǆŝƚ ƚƌĂŶƐĨĞƌƐǁĞƌĞƵŶŬŶŽǁŶ͕ƚŚĞůĂƌŐĞƐƚŶƵŵďĞƌŽĨƉĞŽƉůĞƚŚĂƚĞǆŝƚĞĚƚŚĞ^ŝŶϮϬϮϯƚƌĂŶƐĨĞƌƌĞĚ ƚŽƉĞƌŵĂŶĞŶƚŚŽƵƐŝŶŐ͕ϭϴϳƉĞŽƉůĞŽĨϮϰϯ;ϳϳйͿ͕ǁŚĞƌĞĞǆŝƚƐǁĞƌĞŬŶŽǁŶ͘ KĨƚŚĞƚŽƚĂůϰϭϯƉĞŽƉůĞƚŚĂƚĞǆŝƚĞĚƚŚĞĐŽŽƌĚŝŶĂƚĞĚĞŶƚƌǇƉƌŽŐƌĂŵ͕ϭϳϬƉĞŽƉůĞĞǆŝƚĞĚƚŚĞ ƐǇƐƚĞŵďƵƚŝƚŝƐƵŶŬŶŽǁŶŝĨƚŚĞǇǁĞƌĞĂďůĞƚŽƐĞĐƵƌĞŚŽƵƐŝŶŐ͘^ŵĂůůĞƌŶƵŵďĞƌƐĞǆŝƚĞĚƚŽ ƚĞŵƉŽƌĂƌǇŚŽƵƐŝŶŐ͕ĂŶŝŶƐƚŝƚƵƚŝŽŶŽƌďĂĐŬŽƵƚŽŶƚŚĞƐƚƌĞĞƚ;ŚŽŵĞůĞƐƐͿ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϲϲ ^W/>E^,Kh^/E' d>^EͲϴ y/d^&ZKDKKZ/EdEdZzzDK'ZW,/^E,Kh^/E'dzW K>D^dKhEdz ϮϬϮϯ ŐĞŝƐƚƌŝďƵƚŝŽŶWĞƌŵĂŶĞŶƚdĞŵƉŽƌĂƌǇ/ŶƐƚŝƚƵƚŝŽŶ,ŽŵĞůĞƐƐKƚŚĞƌhŶŬŶŽǁŶdŽƚĂů hŶĚĞƌϭϴϯϬϭϬϬϭϱ ϭϴƚŽϮϰϰϮϯϯϬϭϯϭϴϬ ϮϱƚŽϯϰϰϳϯϵϬϭϰϮϭϬϮ ϯϱƚŽϰϰϱϮϯϰϯϭϯϵϭϬϮ ϰϱƚŽϱϰϭϵϮϰϯϭϮϵϱϴ ϱϱƚŽϲϰϮϬϮϮϰϮϮϭϱϭ ϲϱƚŽϳϰϰϬϬϮϭϲϭϯ ϳϱнϬϬϬϭϬϭϮ dKd>ϭϴϳϭϯϮϯϭϯϳϭϳϬϰϭϯ ^ŽƵƌĐĞƐ͗ZŝǀĞƌsĂůůĞǇŽ͖ĞŵŽŐƌĂƉŚŝĐĂŶĚ,ŽƵƐŝŶŐEĞĞĚƐ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ĚƵůƚƐǁŝƚŚĐŚŝůĚƌĞŶǁĞƌĞŵŽƐƚůŝŬĞůǇƚŽĞǆŝƚƚŽƉĞƌŵĂŶĞŶƚŚŽƵƐŝŶŐ͘ĚƵůƚƐǁŝƚŚŽƵƚĐŚŝůĚƌĞŶ ǁĞƌĞŵŽƐƚůŝŬĞůǇƚŽŚĂǀĞƚŚĞŝƌƉůĂĐĞŽĨĞǆŝƚƚŽƵŶŬŶŽǁŶ͕ĂůƚŚŽƵŐŚϲϯǁĞƌĞƉůĂĐĞĚŝŶƚŽ ƉĞƌŵĂŶĞŶƚŚŽƵƐŝŶŐŝŶϮϬϮϯ͘ d>^EͲϵ y/d^&ZKDKKZ/EdEdZzzDK'ZW,/^E,Kh^/E'dzW K>D^dKhEdz ϮϬϮϯ ZĂĐŝĂůͬƚŚŶŝĐĂĐŬŐƌŽƵŶĚWĞƌŵĂŶĞŶƚdĞŵƉŽƌĂƌǇ/ŶƐƚŝƚƵƚŝŽŶ,ŽŵĞůĞƐƐKƚŚĞƌhŶŬŶŽǁŶdŽƚĂů ŵĞƌŝĐĂŶ/ŶĚŝĂŶŽƌEĂƚŝǀĞŵĞƌŝĐĂŶϯϮϭϬϭϯϭϬ ƐŝĂŶϮϬϬϮϬϯϳ ůĂĐŬŽƌĨƌŝĐĂŶŵĞƌŝĐĂŶϱϴϱϭϭϮϭϱϰϭϯϭ EĂƚŝǀĞ,ĂǁĂŝŝĂŶŽƌWĂĐŝĨŝĐ/ƐůĂŶĚĞƌϬϬϬϬϬϭϭ tŚŝƚĞϵϯϰϴϳϰϴϮϭϵϴ DƵůƚŝƉůĞZĂĐĞƐ;ŶŽŶ,ͬ>ͿϵϬϬϭϬϭϲϮϲ DƵůƚŝƉůĞZĂĐĞƐ;,ͬ>ͿϭϵϮϭϭϭϴϯϮ ,ŝƐƉĂŶŝĐ>ĂƚŝŶĂͬŽͬĞϬϬϭϬϬϭϮ DŝƐƐŝŶŐϮϬϬϬϬϭϯ ŽŶ͛ƚ<ŶŽǁͬZĞĨƵƐĞĚϭϬϭϬϬϭϯ dKd>ϭϴϳϭϯϮϯϭϯϳϭϳϬϰϭϯ ^ŽƵƌĐĞƐ͗ZŝǀĞƌsĂůůĞǇŽ͖ĞŵŽŐƌĂƉŚŝĐĂŶĚ,ŽƵƐŝŶŐEĞĞĚƐ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϭϲϳ ^W/>E^,Kh^/E' ,ŽŵĞůĞƐƐWŽƉƵůĂƟŽŶƐʹĂƚĂĨƌŽŵƚŚĞϮϬϮϯtŝůĚĞƌ,ŽŵĞůĞƐƐ^ƚƵĚǇ ,ŽŵĞůĞƐƐŽƵŶƚƐ dĂďůĞ^EͲϭϬďĞůŽǁƐŚŽǁƐƚŚĞƚŽƚĂůŶƵŵďĞƌŽĨƉĞŽƉůĞŝĚĞŶƚŝĨŝĞĚĂƐŚŽŵĞůĞƐƐ;ƐŚĞůƚĞƌĞĚĂŶĚ ƵŶƐŚĞůƚĞƌĞĚͿĨƌŽŵƚŚĞϮϬϮϯtŝůĚĞƌ,ŽŵĞůĞƐƐ^ƚƵĚǇĐŽŶĚƵĐƚĞĚŝŶKĐƚŽďĞƌϮϬϮϯ͘dŚĞĚĂƚĂ ƚĂďůĞƐŝŶƚŚŝƐƐĞĐƚŝŽŶŚĂǀĞƚŽƚĂůƐĚŝĨĨĞƌĞŶƚƚŚĂŶƚŚŽƐĞƐŚŽǁŶƉƌĞǀŝŽƵƐůǇĨƌŽŵƚŚĞZŝǀĞƌsĂůůĞǇƐ Ž͘ĂƚĂĨƌŽŵƚŚĞtŝůĚĞƌƐƚƵĚǇŝŶĐůƵĚĞƐĂůůŽĨ^ŽƵƚŚĞĂƐƚDŝŶŶĞƐŽƚĂĂŶĚŽĨĨĞƌƐĐŽŵƉĂƚŝďůĞ ĐŽŵƉĂƌŝƐŽŶƐďĞƚǁĞĞŶ^DŝŶŶĞƐŽƚĂĂŶĚDŝŶŶĞƐŽƚĂŽǀĞƌĂůů͘dŚĞtŝůĚĞƌƐƚƵĚǇĚĂƚĂĂůƐŽ ŝŶĐŽƌƉŽƌĂƚĞƐƐŽŵĞŝŶĨŽƌŵĂƚŝŽŶŶŽƚĨŽƵŶĚŝŶƚŚĞZŝǀĞƌsĂůůĞǇƐŽĚĂƚĂƌĞƉŽƌƚƐ͘dŚĞZŝǀĞƌ sĂůůĞǇƐŽĚĂƚĂŝŶĐůƵĚĞƐĂůĂƌŐĞƌŶƵŵďĞƌŽĨƉĞŽƉůĞĨŽƌǁŚŽŵŚŽƵƐŝŶŐŝŶƐƚĂďŝůŝƚǇǁĂƐŝĚĞŶƚŝĨŝĞĚ ĂŶĚƚŚĞƌĞĨŽƌĞ͕ĐŽƵŶƚƐŽĨƉĞƌƐŽŶƐƐĞĞŬŝŶŐŚŽƵƐŝŶŐĂƌĞŚŝŐŚĞƌƚŚĂŶĨŽƌƚŚĞtŝůĚĞƌƐƚƵĚǇ͕ĨƵƌƚŚĞƌ ĚŽĐƵŵĞŶƚŝŶŐŶĞĞĚ͘WůĞĂƐĞŶŽƚĞƚŚĂƚZŝǀĞƌsĂůůĞǇƐŽĚĂƚĂĂŶĚĚĂƚĂĐŽůůĞĐƚĞĚĨŽƌƚŚĞtŝůĚĞƌ ,ŽŵĞůĞƐƐƐƚƵĚǇƐŚŽƵůĚŶŽƚďĞĐŽŵƉĂƌĞĚĚŝƌĞĐƚůǇ͘ d>^EͲϭϬ EhDZK&,KD>^^WKW> ^Khd,^dD/EE^KdED/EE^Kd ϮϬϮϯ dŽƚĂůŶƵŵďĞƌŽĨƉĞŽƉůĞŝŶƚĞŵƉŽƌĂƌǇdŽƚĂůŶƵŵďĞƌŽĨĂĚƵůƚƐΎĂŐĞϭϴнŝŶ ŚŽƵƐŝŶŐƉƌŽŐƌĂŵƐ͕ŝŶĨŽƌŵĂůŚŽƵƐŝŶŐŽƌƚĞŵƉŽƌĂƌǇŚŽƵƐŝŶŐƉƌŽŐƌĂŵƐ͕ŝŶĨŽƌŵĂů ƵŶƐŚĞůƚĞƌĞĚŚŽƵƐŝŶŐŽƌƵŶƐŚĞůƚĞƌĞĚ ,ŽƵƐŝŶŐ^ŝƚƵĂƚŝŽŶ^DŝŶŶĞƐŽƚĂDŝŶŶĞƐŽƚĂ^DŝŶŶĞƐŽƚĂDŝŶŶĞƐŽƚĂ ŵĞƌŐĞŶĐǇͬŽŵĞƐƚŝĐsŝŽůĞŶĐĞ^ŚĞůƚĞƌϮϱϯϱ͕ϬϮϱϭϴϲϯ͕Ϯϴϰ dƌĂŶƐŝƚŝŽŶĂůŚŽƵƐŝŶŐϭϱϱϭ͕ϵϭϴϳϲϭ͕Ϯϰϯ hŶƐŚĞůƚĞƌĞĚϭϵϳϯ͕ϰϳϬϭϳϰϮ͕ϴϬϳ dKd>ϲϬϱϭϬ͕ϰϭϯϰϯϲϳ͕ϯϯϰ DŽƐƚZĂƉŝĚZĞͲ,ŽƵƐŝŶŐ;ZZ,ͿƉƌŽŐƌĂŵƐŝŶDEǁĞƌĞŶŽƚŝŶĐůƵĚĞĚŝŶƚŚĞϮϬϮϯDE,ŽŵĞůĞƐƐ^ƚƵĚǇ͘ ^ŽŵĞƉƌŽŐƌĂŵƐǁĞƌĞŝŶĐůƵĚĞĚƚŚĂƚŚĂĚŵĂŝŶƚĂŝŶĞĚƚŚĞƐĂŵĞŵŽĚĞůŽĨƐĞƌǀŝĐĞƐĂŶĚƐƵƉƉŽƌƚƐ͘dŚĞƐĞ ĨŝŐƵƌĞƐĂƌĞŝŶĐůƵĚĞĚŝŶƚƌĂŶƐŝƚŝŽŶĂůŚŽƵƐŝŶŐ͘ Ύ,ŽŵĞůĞƐƐƉĞŽƉůĞĂŐĞϭϴĂŶĚŽůĚĞƌ͕ĞǆĐůƵĚŝŶŐĐŚŝůĚƌĞŶǁŝƚŚƉĂƌĞŶƚƐĂŶĚƵŶĂĐĐŽŵƉĂŶŝĞĚǇŽƵƚŚ ^ŽƵƌĐĞƐ͗tŝůĚĞƌZĞƐĞĂƌĐŚ͕ΗϮϬϮϯDŝŶŶĞƐŽƚĂ,ŽŵĞůĞƐƐ^ƚƵĚǇΗ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐ ŐĞŝƐƚƌŝďƵƚŝŽŶ dĂďůĞ^EͲϭϭƐŚŽǁƐƚŚĞĂŐĞĚŝƐƚƌŝďƵƚŝŽŶŽĨƚŚĞŚŽŵĞůĞƐƐƉŽƉƵůĂƚŝŽŶŝŶ^DŝŶŶĞƐŽƚĂŝŶϮϬϮϯ͘ ƚŽƚĂůŽĨϰϬϯƉĞŽƉůĞǁĞƌĞŝĚĞŶƚŝĨŝĞĚ͘dŚĞŵĞĚŝĂŶĂŐĞŽĨƚŚŽƐĞŝŶ^DŝŶŶĞƐŽƚĂǁĂƐŚŝŐŚĞƌƚŚĂŶ ĨŽƌDŝŶŶĞƐŽƚĂĂƚϰϮǇĞĂƌƐŽĨĂŐĞǀĞƌƐƵƐϯϴǇĞĂƌƐŽůĚĨŽƌDŝŶŶĞƐŽƚĂ͘dŚŝƐƐƵŐŐĞƐƚƐƚŚĞƌĞŵĂǇďĞ ĂŶĞĞĚĨŽƌĂĚĚŝƚŝŽŶĂůŚŽƵƐŝŶŐƚŽƐĞƌǀĞŽůĚĞƌǀƵůŶĞƌĂďůĞĂĚƵůƚƐŝŶ^DŝŶŶĞƐŽƚĂ͘ƐƐŚŽǁŶŽŶ ƚŚĞƚĂďůĞ͕ϮϳйŽĨƚŚŽƐĞŝĚĞŶƚŝĨŝĞĚĂƐŚŽŵĞůĞƐƐŝŶ^DŝŶŶĞƐŽƚĂǁĞƌĞĂŐĞϱϱǇĞĂƌƐŽƌŽůĚĞƌ ĐŽŵƉĂƌĞĚǁŝƚŚϭϳйŝŶDŝŶŶĞƐŽƚĂ͘>ŽŶŐǁĂŝƚůŝƐƚƐĂƚŵĂŶǇůŽǁͲŝŶĐŽŵĞĂŶĚĂĨĨŽƌĚĂďůĞ Dy&/>Z^Z,ΘKE^h>d/E'ϭϲϴ ^W/>E^,Kh^/E' ƉƌŽƉĞƌƚŝĞƐĂŶĚŽůĚĞƌŚŽƵƐĞŚŽůĚƐƚŚĂƚŶŽůŽŶŐĞƌŚĂǀĞƚŚĞŝƌŽǁŶŚŽŵĞĂŶĚŵĂǇŚĂǀĞŽƚŚĞƌ ŵĞŶƚĂůŚĞĂůƚŚŽƌŽƚŚĞƌĚŝƐĂďŝůŝƚŝĞƐĂŶĚŶĞĞĚŚŽƵƐŝŶŐ͘ d>^EͲϭϭ '/^dZ/hd/KE ,KD>^^WKW>/E^D/EE^KdED/EE^KdΎ ϮϬϮϯ ^DŝŶŶĞƐŽƚĂDŝŶŶĞƐŽƚĂ ŐĞEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ ϭϴƚŽϮϭϭϲϰ͘Ϭйϱϯϰϵ͘Ϭй ϮϮƚŽϮϰϮϬϱ͘Ϭйϰϭϱϳ͘Ϭй ϮϱƚŽϮϵϰϰϭϭ͘Ϭйϲϱϯϭϭ͘Ϭй ϯϬƚŽϯϵϵϯϮϯ͘Ϭйϭ͕ϱϰϯϮϱ͘ϵй ϰϬƚŽϰϵϲϵϭϳ͘Ϭйϭ͕ϭϴϳϭϵ͘ϵй ϱϬƚŽϱϰϰϰϭϭ͘Ϭйϰϳϱϴ͘Ϭй ϱϱƚŽϱϵϰϴϭϮ͘Ϭйϰϭϱϳ͘Ϭй ϲϬƚŽϲϵϲϬϭϱ͘ϬйϱϵϰϭϬ͘Ϭй ϳϬƚŽϳϵϴϮ͘ϬйϭϭϵϮ͘Ϭй ϴϬнϬϬ͘ϬйϮϰϬ͘ϰй ϰϬϯϭϬϬ͘Ϭйϱ͕ϵϱϵϭϬϬ͘Ϭй DĞĚŝĂŶŐĞϰϮϯϴ ΎWĞŽƉůĞůŝǀŝŶŐŝŶƚĞŵƉŽƌĂƌǇŚŽƵƐŝŶŐƉƌŽŐƌĂŵƐŽƌŝŶĨŽƌŵĂůŚŽƵƐŝŶŐĂŶĚ ŝĚĞŶƚŝĨŝĞĚƵŶƐŚĞůƚĞƌĞĚƉĞŽƉůĞ͕ĞǆĐůƵĚŝŶŐǇŽƵƚŚůĞƐƐƚŚĂŶϭϴǇĞĂƌƐŽĨĂŐĞĂŶĚ ĐŚŝůĚƌĞŶƐƚĂǇŝŶŐǁŝƚŚƉĂƌĞŶƚƐ ^ŽƵƌĐĞƐ͗tŝůĚĞƌZĞƐĞĂƌĐŚ͕KĐƚŽďĞƌϮϬϮϯ͘ΗϮϬϮϯDŝŶŶĞƐŽƚĂ,ŽŵĞůĞƐƐ^ƚƵĚǇΗ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚŽŶƐƵůƚŝŶŐ ZĂĐĞĂŶĚƚŚŶŝĐĂĐŬŐƌŽƵŶĚ dĂďůĞ^EͲϭϮĐŽŵƉĂƌĞƐƚŚĞƌĂĐĞĂŶĚĞƚŚŶŝĐŝƚǇŽĨŚŽŵĞůĞƐƐŝŶ^DŝŶŶĞƐŽƚĂƚŽDŝŶŶĞƐŽƚĂŽǀĞƌĂůů͘ dŚĞŚŝŐŚĞƐƚŶƵŵďĞƌŽĨŚŽŵĞůĞƐƐŝŶ^DŝŶŶĞƐŽƚĂƐĞůĨͲŝĚĞŶƚŝĨŝĞĚĂƐůĂĐŬŽƌĨƌŝĐĂŶŵĞƌŝĐĂŶ ;ϮϬйͿ͕ƐŝĂŶŽƌWĂĐŝĨŝĐ/ƐůĂŶĚĞƌ;ϭϮйͿĂŶĚEĂƚŝǀĞŵĞƌŝĐĂŶŽƌŵĞƌŝĐĂŶ/ŶĚŝĂŶ;ϭϮйͿ͘dŚĞƐĞ ƉƌŽƉŽƌƚŝŽŶƐĂƌĞůŽǁĞƌƚŚĂŶƚŚŽƐĞ^ƚĂƚĞǁŝĚĞĨŽƌĞĂĐŚŽĨƚŚĞƐĞĐĂƚĞŐŽƌŝĞƐ͘ dŚĞƌĂĐŝĂůͬĞƚŚŶŝĐŐƌŽƵƉƐƚŚĂƚǁĞƌĞƌĞƉŽƌƚĞĚĂƐŚĂǀŝŶŐƚŚĞŚŝŐŚĞƐƚŝŶĐŝĚĞŶƚƐŽĨŚŽŵĞůĞƐƐŶĞƐƐ ĂƌĞŽǀĞƌƌĞƉƌĞƐĞŶƚĞĚŝŶƚŚŝƐŐƌŽƵƉĂƐĐŽŵƉĂƌĞĚƚŽƚŚĞŝƌƉƌŽƉŽƌƚŝŽŶƐŽĨƚŚĞƚŽƚĂůƉŽƉƵůĂƚŝŽŶ͘/Ŷ ƚŚĞZŝǀĞƌsĂůůĞǇƐŽŐĞŽŐƌĂƉŚŝĐĂƌĞĂ͕ůĂĐŬŽƌĨƌŝĐĂŶŵĞƌŝĐĂŶƐĂĐĐŽƵŶƚĨŽƌϯ͘ϲйŽĨƚŚĞ ƉŽƉƵůĂƚŝŽŶ͕ƐŝĂŶŽƌWĂĐŝĨŝĐ/ƐůĂŶĚĞƌĂĐĐŽƵŶƚĨŽƌϬ͘ϯйŽĨƚŚĞƉŽƉƵůĂƚŝŽŶĂŶĚEĂƚŝǀĞŵĞƌŝĐĂŶŽƌ ŵĞƌŝĐĂŶ/ŶĚŝĂŶĂĐĐŽƵŶƚĨŽƌϬ͘ϱйŽĨƚŚĞƉŽƉƵůĂƚŝŽŶ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϲϵ ^W/>E^,Kh^/E' tĞŶŽƚĞƚŚĂƚƉĞŽƉůĞƐĞůĨͲŝĚĞŶƚŝĨǇŝŶŐĂƐďĞŝŶŐŽĨ^ŽŵĞKƚŚĞƌZĂĐĞŽƌDŽƌĞƚŚĂŶKŶĞZĂĐĞŽƌŽĨ >ĂƚŝŶŽŽƌ,ŝƐƉĂŶŝĐKƌŝŐŝŶ;ŵĂǇďĞŽĨĂŶǇƌĂĐĞͿĂƌĞŝŶĐƌĞĂƐŝŶŐŝŶƉƌŽƉŽƌƚŝŽŶƐŽĨƚŚĞƉŽƉƵůĂƚŝŽŶ͕ ǁŚŝĐŚŵĂŬĞƐŝĚĞŶƚŝĨǇŝŶŐ/WKŝŵƉĂĐƚƐŵŽƌĞĐŚĂůůĞŶŐŝŶŐ͘ d>^EͲϭϮ d,E/<'ZKhEK&,KD>^^WKW>^hZsz ^D/EE^KdED/EE^Kd ϮϬϮϯ ^DŝŶŶĞƐŽƚĂDŝŶŶĞƐŽƚĂ ZĂĐŝĂůͬƚŚŶŝĐďĂĐŬŐƌŽƵŶĚEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ ůĂĐŬŽƌĨƌŝĐĂŶŵĞƌŝĐĂŶϴϭϮϬ͘ϬйϮ͕ϬϳϮϯϱ͘Ϭй ĨƌŝĐĂŶŽƌŶϰϭ͘Ϭйϭϳϴϯ͘Ϭй ƐŝĂŶŽƌWĂĐŝĨŝĐ/ƐůĂŶĚĞƌϭϮϯ͘Ϭйϭϳϴϯ͘Ϭй ŵĞƌŝĐĂŶ/ŶĚŝĂŶŽƌEĂƚŝǀĞŵĞƌŝĐĂŶϰϴϭϮ͘Ϭйϭ͕ϭϴϰϮϬ͘Ϭй DŝĚĚůĞĂƐƚĞƌŶŽƌEŽƌƚŚĨƌŝĐĂŶϭϬ͘ϮйϲϬ͘ϭй ,ŝƐƉĂŶŝĐŽƌ>ĂƚŝŶŽͬĂͬǆϰϴϭϮ͘Ϭйϭ͕Ϭϲϱϭϴ͘Ϭй KƚŚĞƌ;ƵŶƐƉĞĐŝĨŝĞĚͿϬϬ͘ϬйϬϬ͘Ϭй EĂƚŝǀĞŵĞƌŝĐĂŶŽƌWĞƌƐŽŶŽĨŽůŽƌ;ĂŶǇŽĨ ƚŚĞĂďŽǀĞͿ ϭϲϭϰϬ͘Ϭйϱ͕ϮϬϵϴϴ͘Ϭй tŚŝƚĞϮϴϮϳϬ͘ϬйϮ͕ϲϬϰϰϰ͘Ϭй DƵůƚŝƉůĞƌĂĐŝĂůŽƌĞƚŚŶŝĐŝĚĞŶƚŝƚŝĞƐƐĞůĞĐƚĞĚϲϬϭϱ͘Ϭйϭ͕ϭϮϱϭϵ͘Ϭй dKd>ϰϬϯϭϳϯ͘Ϯйϱ͕ϵϭϵϮϯϬ͘ϭй EŽƚĞ͗WĞƌĐĞŶƚĂŐĞƐĂďŽǀĞĚŽŶŽƚƚŽƚĂůƚŽϭϬϬ͘ϬĚƵĞƚŽŵƵůƚŝƉůĞƐĞůĞĐƚŝŽŶƐŝŶƐŽŵĞĐĂƚĞŐŽƌŝĞƐ͘ ^ŽƵƌĐĞƐ͗tŝůĚĞƌZĞƐĞĂƌĐŚ͕KĐƚŽďĞƌϮϬϮϯ͘ΗϮϬϮϯDŝŶŶĞƐŽƚĂ,ŽŵĞůĞƐƐ^ƚƵĚǇΗ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϭϳϬ ^W/>E^,Kh^/E' /ŶĐŽŵĞ dĂďůĞ^EͲϭϯƐŚŽǁƐƚŚĞŝŶĐŽŵĞƐŽĨƚŚĞŚŽŵĞůĞƐƐƐƵƌǀĞǇĞĚŝŶϮϬϮϯŝŶ^DŝŶŶĞƐŽƚĂ͘ƌĞůĂƚŝǀĞůǇ ŚŝŐŚƉƌŽƉŽƌƚŝŽŶ͕ĐŽŵƉĂƌĞĚƚŽƚŚĞ^ƚĂƚĞ͕ŚĂǀĞŵŽŶƚŚůǇŝŶĐŽŵĞŽĨKǀĞƌΨϭ͕ϬϬϬ͘/ŶĐŽŵĞƐũƵƐƚ ŽǀĞƌΨϭ͕ϬϬϬƉĞƌŵŽŶƚŚĐĞƌƚĂŝŶůǇƋƵĂůŝĨŝĞƐƚŚĞƉĞƌƐŽŶĂƐĞůŝŐŝďůĞĨŽƌƐƵďƐŝĚŝǌĞĚŚŽƵƐŝŶŐ͕ďƵƚĂƐ ƐƚĂƚĞĚƉƌĞǀŝŽƵƐůǇ͕ǁĂŝƚůŝƐƚƐĂƌĞůĞŶŐƚŚǇĂƚŵŽƐƚůŽǁͲŝŶĐŽŵĞƉƌŽƉĞƌƚŝĞƐĂŶĚƚŚŽƐĞƚŚĂƚĂƌĞ ĂĨĨŽƌĚĂďůĞĂƚϱϬйƚŽϲϬйŽĨD/͕ǁŽƵůĚƌĞƋƵŝƌĞĂŶŝŶĐŽŵĞŚŝŐŚĞƌƚŚĂŶďĞƚǁĞĞŶΨϮϱ͕ϬϬϬĂŶĚ ΨϯϬ͕ϬϬϬĂŶŶƵĂůůǇ͘ ůƐŽ͕ƐŽŵĞŚŽƵƐĞŚŽůĚƐǁŝƚŚŵŽŶƚŚůǇŝŶĐŽŵĞƐĂƚŚŝŐŚĞƌůĞǀĞůƐŵĂǇŚĂǀĞŽƚŚĞƌĐŚĂůůĞŶŐĞƐǁŚŝĐŚ ĐƌĞĂƚĞďĂƌƌŝĞƌƐƚŽƐĞĐƵƌŝŶŐƐƵŝƚĂďůĞŚŽƵƐŝŶŐ͘ d>^EͲϭϯ DKEd,>z/EKDK&,KD>^^WKW>^hZsz ^D/EE^KdED/EE^Kd ϮϬϮϯ ^DŝŶŶĞƐŽƚĂDŝŶŶĞƐŽƚĂ DŽŶƚŚůǇ/ŶĐŽŵĞEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ ΨϮϬϬŽƌůĞƐƐϭϰϳϯϴ͘ϬйϮ͕Ϭϯϰϯϴ͘Ϭй ΨϮϬϭƚŽΨϰϬϬϯϳϵ͘ϲйϲϵϲϭϯ͘Ϭй ΨϰϬϭƚŽΨϲϬϬϭϰϯ͘ϱйϯϮϭϲ͘Ϭй ΨϲϬϭƚŽΨϴϬϬϮϯϲ͘Ϭйϯϳϱϳ͘Ϭй ΨϴϬϭƚŽΨϭ͕ϬϬϬϲϮϭϲ͘ϬйϲϰϮϭϮ͘Ϭй KǀĞƌΨϭ͕ϬϬϬϭϬϰϮϳ͘Ϭйϭ͕ϮϴϱϮϰ͘Ϭй dKd>ϯϴϲϭϬϬ͘Ϭйϱ͕ϯϱϯϭϬϬ͘Ϭй DĞĂŶ/ŶĐŽŵĞΨϳϱϳΨϳϬϮ DĞĚŝĂŶ/ŶĐŽŵĞΨϰϲϭΨϰϬϬ ^ŽƵƌĐĞƐ͗tŝůĚĞƌZĞƐĞĂƌĐŚ͕KĐƚŽďĞƌϮϬϮϯ͘ΗϮϬϮϯDŝŶŶĞƐŽƚĂ,ŽŵĞůĞƐƐ^ƚƵĚǇΗ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϭϳϭ ^W/>E^,Kh^/E' ŵƉůŽǇŵĞŶƚ dĂďůĞ^EͲϭϰƐŚŽǁƐƚŚĂƚŽŶůǇϮϮйŽĨƚŚŽƐĞŝĚĞŶƚŝĨŝĞĚĂƐŚŽŵĞůĞƐƐǁĞƌĞĞŵƉůŽǇĞĚ͘dŚŝƐ ĐŽŵƉĂƌĞƐƚŽϮϯйƐƚĂƚĞǁŝĚĞ͕ŶŽƚĂƐŝŐŶŝĨŝĐĂŶƚĚŝĨĨĞƌĞŶĐĞ͘&ŽƌƚŚŽƐĞƚŚĂƚĂƌĞĞŵƉůŽǇĞĚ͕ϰϵй ǁŽƌŬƉĂƌƚͲƚŝŵĞĂŶĚϱϭйǁŽƌŬĨƵůůͲƚŝŵĞ͘ůƐŽ͕ϯϴйǁŽƌŬďĞƚǁĞĞŶϯϱĂŶĚϰϬŚŽƵƌƐƉĞƌǁĞĞŬ͘ƚ ƚŚŝƐůĞǀĞů͕ǁĂŐĞƐĂƌĞŵŽƐƚůŝŬĞůǇŝŶƐƵĨĨŝĐŝĞŶƚƚŽƐƵƉƉŽƌƚĂƐƚĂďůĞŚŽƵƐŝŶŐƐŝƚƵĂƚŝŽŶĨŽƌƚŚĞ ŝŶĚŝǀŝĚƵĂů͘'ŝǀĞŶƚŚĞƌŝƐŝŶŐĐŽƐƚƐĨŽƌƌĞŶƚĂůĂŶĚĨŽƌͲƐĂůĞŚŽƵƐŝŶŐ͕ǁŽƌŬŝŶŐĂƉĂƌƚͲƚŝŵĞŽƌĨƵůůͲ ƚŝŵĞũŽďĚŽĞƐŶŽƚƐƵƉƉŽƌƚďĞŝŶŐĂďůĞƚŽĂĨĨŽƌĚŚŽƵƐŝŶŐ͕ĞƐƉĞĐŝĂůůǇŝŶƚŽĚĂǇ͛ƐŵĂƌŬĞƚ͘ dŚĞǀĂƐƚŵĂũŽƌŝƚǇŽĨŚŽŵĞůĞƐƐ;ϳϴйͿĂƌĞƵŶĞŵƉůŽǇĞĚĂŶĚŵĂǇŶŽƚďĞĂďůĞƚŽǁŽƌŬĞŝƚŚĞƌĂĨƵůůͲ ƚŝŵĞŽƌƉĂƌƚͲƚŝŵĞũŽď͘ d>^EͲϭϰ DW>KzDEd ^D/EE^KdED/EE^Kd ϮϬϮϯ ^DŝŶŶĞƐŽƚĂDŝŶŶĞƐŽƚĂ ƵƌƌĞŶƚůǇŵƉůŽǇĞĚEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ zĞƐ ϴϴϮϮ͘Ϭйϭ͕ϯϰϬϮϯ͘Ϭй EŽϯϭϮϳϴ͘Ϭйϰ͕ϰϴϰϳϳ͘Ϭй dKd>ϰϬϬϭϬϬ͘Ϭйϱ͕ϴϮϰϭϬϬ͘Ϭй /ĨŵƉůŽǇĞĚ͕ŚŽǁŵĂŶǇŚŽƵƌƐ͕ŽŶĂǀĞƌĂŐĞ͕ĚŽǇŽƵǁŽƌŬ͍ ϭͲϭϱ,ŽƵƌƐϭϬϭϭ͘Ϭйϭϵϱϭϱ͘Ϭй ϭϲͲϮϰ,ŽƵƌƐϮϬϮϯ͘ϬйϮϱϵϮϬ͘Ϭй ϮϱͲϯϰ,ŽƵƌƐϭϯϭϱ͘ϬйϮϴϱϮϮ͘Ϭй ϯϱͲϰϬ,ŽƵƌƐϯϰϯϴ͘Ϭйϰϲϳϯϲ͘Ϭй ϰϭŽƌDŽƌĞ,ŽƵƌƐϭϮϭϯ͘Ϭйϵϭϳ͘Ϭй ηŽĨZĞƐƉŽŶĚĞŶƚƐ;tĞŝŐŚƚĞĚͿϴϵϭϬϬ͘Ϭйϭ͕ϮϵϳϭϬϬ͘Ϭй WĂƌƚͲdŝŵĞ;ϭͲϯϰ,ŽƵƌƐͬtŬͿϰϰϰϵ͘Ϭйϳϯϵϱϳ͘Ϭй &ƵůůͲdŝŵĞ;ϯϱн,ŽƵƌƐͬtŬͿϰϱϱϭ͘Ϭйϱϱϴϰϯ͘Ϭй ηŽĨZĞƐƉŽŶĚĞŶƚƐ;tĞŝŐŚƚĞĚͿϴϵϭϬϬ͘Ϭйϭ͕ϮϵϳϭϬϬ͘Ϭй ^ŽƵƌĐĞƐ͗tŝůĚĞƌZĞƐĞĂƌĐŚ͕KĐƚŽďĞƌϮϬϮϯ͘ΗϮϬϮϯDŝŶŶĞƐŽƚĂ,ŽŵĞůĞƐƐ^ƚƵĚǇΗ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϭϳϮ ^W/>E^,Kh^/E' ,ŽƵƌůǇtĂŐĞZĂƚĞƐ ŶĞƐƚŝŵĂƚĞĚϲϯйŽĨƚŚŽƐĞƌĞƐƉŽŶĚŝŶŐƚŽƚŚĞƐƵƌǀĞǇŝŶKĐƚŽďĞƌϮϬϮϯŝĚĞŶƚŝĨŝĞĚƚŚĞǇĞĂƌŶ Ψϭϱ͘ϬϬŽƌŵŽƌĞƉĞƌŚŽƵƌ͘/ƚŝƐƵŶĐůĞĂƌĂƚƚŚŝƐƚŝŵĞŚŽǁŵƵĐŚŵŽƌĞƌĞƐƉŽŶĚĞŶƚƐĞĂƌŶŝĨƚŚĞǇ ƐĞůĞĐƚĞĚƚŚĞΨϭϱ͘ϬϬŽƌŵŽƌĞĐĂƚĞŐŽƌǇĂƐƚŚĞŝƌƌĞƐƉŽŶƐĞ͘ƚĂƌĂƚĞŽĨΨϭϱ͘ϬϬƉĞƌŚŽƵƌ͕ ŝŶĚŝǀŝĚƵĂůƐĞĂƌŶŝŶŐƚŚĂƚĂŵŽƵŶƚǁŽƵůĚĞĂƌŶΨϯϭ͕ϮϬϬĂŶŶƵĂůůǇĂŶĚƚŚĞŽƌĞƚŝĐĂůůǇďĞĂďůĞƚŽ ĂĨĨŽƌĚĂŵŽŶƚŚůǇŚŽƵƐŝŶŐĐŽƐƚŽĨΨϳϴϬƉĞƌŵŽŶƚŚ͘DĂŶǇƌĞŶƚĂůƵŶŝƚƐŝŶƚŚĞůĂƌŐĞƌĐŝƚŝĞƐƌĞŶƚĨŽƌ ŵŽƌĞƚŚĂŶƚŚŝƐĂŵŽƵŶƚ͘ d>^EͲϭϱ ,KhZ>zt'Zd ^D/EE^KdED/EE^Kd ϮϬϮϯ ^DŝŶŶĞƐŽƚĂDŝŶŶĞƐŽƚĂ ,ŽƵƌůǇtĂŐĞZĂƚĞĂƚWƌŝŵĂƌǇ:ŽďEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ >ĞƐƐƚŚĂŶΨϴ͘ϲϯͬ,ƌ͘ϭϭ͘ϬйϮϱϮ͘Ϭй Ψϴ͘ϲϯƚŽΨϭϬ͘ϲϵϮϯ͘ϬйϮϱϮ͘Ϭй ΨϭϬ͘ϲϬƚŽΨϭϭ͘ϵϵϬϬ͘Ϭйϱϭϰ͘Ϭй ΨϭϮ͘ϬϬƚŽΨϭϰ͘ϵϵϭϵϮϯ͘ϬйϮϬϯϭϲ͘Ϭй Ψϭϱ͘ϬϬŽƌŵŽƌĞϱϮϲϯ͘Ϭйϴϵϵϳϭ͘Ϭй WĂŝĚďǇƚŚĞũŽďͬĐŽŵŵŝƐƐŝŽŶϴϭϬ͘Ϭйϲϯϱ͘Ϭй ηŽĨZĞƐƉŽŶĚĞŶƚƐ;tĞŝŐŚƚĞĚͿϴϮϭϬϬ͘Ϭйϭ͕ϮϲϲϭϬϬ͘Ϭй ^ŽƵƌĐĞƐ͗tŝůĚĞƌZĞƐĞĂƌĐŚ͕KĐƚŽďĞƌϮϬϮϯ͘ΗϮϬϮϯDŝŶŶĞƐŽƚĂ,ŽŵĞůĞƐƐ^ƚƵĚǇΗ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϭϳϯ ^W/>E^,Kh^/E' >ĞŶŐƚŚŽĨdŝŵĞ,ŽŵĞůĞƐƐ ƐƐŚŽǁŶŽŶdĂďůĞ^EͲϭϲďĞůŽǁ͕ƚŚĞŚŝŐŚĞƐƚƉƌŽƉŽƌƚŝŽŶƐŽĨŚŽŵĞůĞƐƐƐƵƌǀĞǇĞĚŝŶ^DŝŶŶĞƐŽƚĂ ŚĂǀĞƐĞůĨͲŝĚĞŶƚŝĨŝĞĚĂƐŶŽƚŚĂǀŝŶŐĂƌĞŐƵůĂƌŽƌƉĞƌŵĂŶĞŶƚƌĞƐŝĚĞŶĐĞĨŽƌďĞƚǁĞĞŶϯϬĚĂǇƐĂŶĚϭϮ ŵŽŶƚŚƐĂŶĚƵƉƚŽĨŝǀĞǇĞĂƌƐ͘ƚŽƚĂůŽĨϳϳйŽĨŚŽŵĞůĞƐƐƉĞƌƐŽŶƐŝŶ^DŝŶŶĞƐŽƚĂĂŶĚϳϱйŽĨ ƚŚŽƐĞ^ƚĂƚĞǁŝĚĞŝŶĚŝĐĂƚĞĚƚŚŝƐůĞŶŐƚŚŽĨƚŝŵĞ͘dŚĞƚǁŽƉĞƌŝŽĚƐŽĨƚŝŵĞϭͿďĞƚǁĞĞŶŽŶĞŵŽŶƚŚ ƵƉƚŽϭϮŵŽŶƚŚƐĂŶĚĨƌŽŵϭǇĞĂƌƵƉƚŽĨŝǀĞǇĞĂƌƐǁĞƌĞŶĞĂƌůǇĞƋƵĂůǁŝƚŚϯϴйƚŽϯϵйŽĨ ƌĞƐƉŽŶĚĞŶƚƐŝŶ^DŝŶŶĞƐŽƚĂĂŶĚϯϳйƚŽϯϴйŝŶDŝŶŶĞƐŽƚĂĨĂůůŝŶŐŝŶƚŽƚŚĞƐĞƚǁŽĐĂƚĞŐŽƌŝĞƐ͘ ĐĐŽƌĚŝŶŐƚŽƚŚĞƐƵƌǀĞǇ͕ϱϭйŽĨƌĞƐƉŽŶĚĞŶƚƐŝŶ^DŝŶŶĞƐŽƚĂĂƌĞŽŶĂǁĂŝƚůŝƐƚĨŽƌƉƵďůŝĐ ŚŽƵƐŝŶŐ͕^ĞĐƚŝŽŶϴŚŽƵƐŝŶŐƐŽŵĞŽƚŚĞƌƚǇƉĞŽĨƌĞŶƚĂůĂƐƐŝƐƚĂŶĐĞ͕ǁŚŝĐŚĐŽƵůĚŝŶĐůƵĚĞĂZƵƌĂů ĞǀĞůŽƉŵĞŶƚƉƌŽƉĞƌƚǇ;h^Ϳ͘ d>^EͲϭϲ WZ/KK&d/Dt/d,KhdZ'h>ZKZWZDEEdZ^/E ^D/EE^KdED/EE^Kd ϮϬϮϯ ^DŝŶŶĞƐŽƚĂDŝŶŶĞƐŽƚĂ >ĞŶŐƚŚŽĨdŝŵĞEŽ͘WĐƚ͘EŽ͘WĐƚ͘ KŶĞtĞĞŬŽƌ>ĞƐƐϭϮϯ͘Ϭйϭϳϲϯ͘Ϭй DŽƌĞƚŚĂŶϭtĞĞŬďƵƚůĞƐƐƚŚĂŶϭϲϰ͘ϬйϮϯϱϰ͘Ϭй ϭDŽŶƚŚ ϭDŽŶƚŚďƵƚůĞƐƐƚŚĂŶϭϮDŽƐϭϱϯϯϴ͘ϬйϮ͕ϭϳϲϯϳ͘Ϭй ϭzĞĂƌďƵƚůĞƐƐƚŚĂŶϱzĞĂƌƐ ϭϱϳϯϵ͘ϬйϮ͕Ϯϯϰϯϴ͘Ϭй ϱǇĞĂƌƐŽƌDŽƌĞϲϰϭϲ͘Ϭйϭ͕Ϭϱϴϭϴ͘Ϭй dKd>ϰϬϯϭϬϬ͘Ϭйϱ͕ϴϴϬϭϬϬ͘Ϭй ^ŽƵƌĐĞƐ͗tŝůĚĞƌZĞƐĞĂƌĐŚ͕KĐƚŽďĞƌϮϬϮϯ͘ΗϮϬϮϯDŝŶŶĞƐŽƚĂ,ŽŵĞůĞƐƐ^ƚƵĚǇΗ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϭϳϰ ^W/>E^,Kh^/E' ĂƌƌŝĞƌƐƚŽ^ĞĐƵƌŝŶŐWĞƌŵĂŶĞŶƚ,ŽƵƐŝŶŐ dĂďůĞ^EͲϭϳůŝƐƚƐĂŶƵŵďĞƌŽĨĐŚĂůůĞŶŐĞƐͬďĂƌƌŝĞƌƐŝŶƚŚĞĞĨĨŽƌƚƐŽĨƚŚĞŚŽŵĞůĞƐƐƚŽƐĞĐƵƌĞ ŚŽƵƐŝŶŐ͘dŚĞƚŽƉĐŚĂůůĞŶŐĞůŝƐƚĞĚŝƐƚŚĂƚƚŚĞƌĞǁĂƐŶŽŚŽƵƐŝŶŐƚŚĂƚƚŚĞŝŶĚŝǀŝĚƵĂůŽƌĨĂŵŝůǇ ĐŽƵůĚĂĨĨŽƌĚ͘'ŝǀĞŶĐƵƌƌĞŶƚŵĂƌŬĞƚĐŽŶĚŝƚŝŽŶƐĂŶĚƚŚĞƐŝŐŶŝĨŝĐĂŶƚĞƐĐĂůĂƚŝŽŶŝŶŚŽƵƐŝŶŐĐŽƐƚƐ͕ ƐŝŶŐůĞƐĂŶĚĨĂŵŝůŝĞƐǁŝƚŚůŽǁŝŶĐŽŵĞƐǁŚŽĂƌĞĂůƌĞĂĚǇŝŶƉƌĞĐĂƌŝŽƵƐŚŽƵƐŝŶŐƐŝƚƵĂƚŝŽŶƐĐĂŶ ĞĂƐŝůǇĨŝŶĚƚŚĞŵƐĞůǀĞƐŚŽŵĞůĞƐƐ͘KƚŚĞƌĐŚĂůůĞŶŐĞƐĂůƐŽƐƉĞĂŬƚŽĂĨĨŽƌĚĂďŝůŝƚǇĂŶĚƉŽƚĞŶƚŝĂů ĨŝŶĂŶĐŝĂůƐŝƚƵĂƚŝŽŶƐŽĨƚŚĞŝŶĚŝǀŝĚƵĂůĂŶĚĨĂŵŝůǇŝŶĐůƵĚŝŶŐĐƌĞĚŝƚƉƌŽďůĞŵƐ͕ĞǀŝĐƚŝŽŶĂĐƚŝŽŶƐĂŶĚ ŶŽƚƌĂŶƐƉŽƌƚĂƚŝŽŶ͘,ŽƵƐĞŚŽůĚƐƐƚƌƵŐŐůŝŶŐƚŽŵĂŬĞĞŶĚƐŵĞĞƚĂŶĚĨŽƌǁŚŽŵ͕ĂŵŽĚĞƐƚŽƌ ƐŝŐŶŝĨŝĐĂŶƚůŝĨĞĐŚĂůůĞŶŐĞĐŽƵůĚĚŝƐƉůĂĐĞƚŚĞŵĨƌŽŵƚŚĞŝƌĐƵƌƌĞŶƚŚŽƵƐŝŶŐĂŶĚĐƌĞĂƚĞĂĚĚŝƚŝŽŶĂů ďĂƌƌŝĞƌƐƚŽƐĞĐƵƌŝŶŐĂŶĞǁŚŽƵƐŝŶŐƐŝƚƵĂƚŝŽŶ͘ d>^EͲϭϳ /&&/h>d/^ͬ,>>E'^dK^hZ/E',Kh^/E' ^D/EE^KdED/EE^Kd ϮϬϮϯ 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&ŽůůŽǁŝŶŐŝĚĞŶƚŝĨŝĞƐŬĞǇĨŝŶĚŝŶŐƐŽĨƚŚĞƐƵƌǀĞǇĨƌŽŵŝŶĚŝǀŝĚƵĂůƌĞƐƉŽŶĚĞŶƚƐĂŶĚĐŚĂůůĞŶŐĞƐ ǁŝƚŚŝŶƚŚĞŚŽƵƐŝŶŐŵĂƌŬĞƚƚŽĨŝŶĚŝŶŐĂŶĚƐĞĐƵƌŝŶŐƐĂĨĞĂŶĚĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐ͘ <ĞǇ&ŝŶĚŝŶŐƐ ,ŽƵƐĞŚŽůĚͬWĞƌƐŽŶĂůĂƌƌŝĞƌƐ ,ŽƵƐĞŚŽůĚƐŝĚĞŶƚŝĨŝĞĚƉŽŽƌĐƌĞĚŝƚŚŝƐƚŽƌǇͬŶŽĐƌĞĚŝƚ;ϯϱйͿĂŶĚůŽǁŝŶĐŽŵĞŽƌůŽǁǁĂŐĞũŽďƐ ;ϮϳйͿĂƐƚŚĞŝƌƚŽƉƉĞƌƐŽŶĂůŽƌŚŽƵƐĞŚŽůĚďĂƌƌŝĞƌƐƚŽĨŝŶĚŝŶŐŽƌŬĞĞƉŝŶŐƚŚĞŝƌŚŽƵƐŝŶŐ͘dŚĞƐĞ ďĂƌƌŝĞƌƐǁĞƌĞĨŽůůŽǁĞĚďǇďĂĚƌĞŶƚĂůŚŝƐƚŽƌǇͬŝƐƐƵĞƐǁŝƚŚůĂŶĚůŽƌĚ;Ϯϯй͕ŽŶĞͲƚŝŵĞĨŝŶĂŶĐŝĂů ƉƌŽďůĞŵƐ;ϮϯйĂŶĚĐƌŝŵŝŶĂůƌĞĐŽƌĚ;ϮϭйͿ͘/ŶƉƌĞǀŝŽƵƐƐƵƌǀĞǇƐ͕ŵŽƌĞƚŚĂŶƚǁŽͲƚŚŝƌĚƐŽĨ ƌĞƐƉŽŶĚĞŶƚƐŶĂŵĞĚůŽǁǁĂŐĞƐŽĨŚŽƵƐĞŚŽůĚŝŶĐŽŵĞĂƐĂƉƌŝŵĂƌǇƉĞƌƐŽŶĂůďĂƌƌŝĞƌ͘ ^ǇƐƚĞŵĂƌƌŝĞƌƐ ZĞƐƉŽŶĚĞŶƚƐŽǀĞƌǁŚĞůŵŝŶŐůǇŝĚĞŶƚŝĨŝĞĚŚŝŐŚƌĞŶƚƐĂƌĞƚŚĞƉƌŝŵĂƌǇƐǇƐƚĞŵďĂƌƌŝĞƌƚŽĨŝŶĚŝŶŐŽƌ ŬĞĞƉŝŶŐŚŽƵƐŝŶŐĨŽƌŵĂŶǇŝŶƚŚĞŝƌĐŽŵŵƵŶŝƚŝĞƐ͘>ŝŵŝƚĞĚǀĂĐĂŶĐŝĞƐĂŶĚĚŝĨĨŝĐƵůƚƐĐƌĞĞŶŝŶŐ ƉƌŽĐĞƐƐĞƐǁŝƚŚƉƌŽƉĞƌƚǇŵĂŶĂŐĞƌƐǁĞƌĞƚŚĞŶĞǆƚŵŽƐƚĨƌĞƋƵĞŶƚůǇƐĞůĞĐƚĞĚƐǇƐƚĞŵďĂƌƌŝĞƌƐ͘ dŚĞƐĞďĂƌƌŝĞƌƐǁĞƌĞĐŽŶƐŝƐƚĞŶƚƌĞŐĂƌĚůĞƐƐŽĨ/WKƐƚĂƚƵƐ͕ĂŐĞ͕ŽƌĨĂŵŝůŝĂůƐƚĂƚƵƐŽĨƌĞƐƉŽŶĚĞŶƚ͘ ZĞƐƉŽŶĚĞŶƚƐǁŚŽŝĚĞŶƚŝĨŝĞĚĂƐ/WKŚŽǁĞǀĞƌ͕ǁĞƌĞŵŽƌĞůŝŬĞůǇƚŚĂŶƚŚĞŝƌǁŚŝƚĞĐŽƵŶƚĞƌƉĂƌƚƐ ƚŽĐŝƚĞďĂƌƌŝĞƌƐŝŶƚŚĞƌĞŶƚĂůĂƉƉůŝĐĂƚŝŽŶĂŶĚƌĞǀŝĞǁƉƌŽĐĞƐƐƌĞůĂƚĞĚƚŽĚŝƐĐƌŝŵŝŶĂƚŝŽŶĂŶĚ ĚĞŶŝĂůƐďĂƐĞĚŽŶƉĂƐƚĐƌŝŵŝŶĂůƌĞĐŽƌĚƐ͘ ,ĞůƉ^ŽƵŐŚƚƚŽZĞƐŽůǀĞ,ŽƵƐŝŶŐ/ƐƐƵĞƐ EĞĂƌůǇĨŽƵƌŽƵƚŽĨĨŝǀĞƌĞƐƉŽŶĚĞŶƚƐƐŽƵŐŚƚŚĞůƉ;ϳϴйͿĚƵƌŝŶŐƚŚĞŚŽƵƐŝŶŐŝŶƐƚĂďŝůŝƚǇŽƌ ŚŽŵĞůĞƐƐĞƉŝƐŽĚĞƐƚŚĞǇŚĂĚĞǆƉĞƌŝĞŶĐĞĚŝŶƚŚĞƉĂƐƚƚǁŽǇĞĂƌƐǁŝƚŚƚŚĞŵŽƐƚƐĞĞŬŝŶŐŚĞůƉĂƚĂ ĐŽƵŶƚǇƐĞƌǀŝĐĞƐŽĨĨŝĐĞŽƌŶŽŶƉƌŽĨŝƚ͘ ZĞƐƉŽŶĚĞŶƚƐ͛ĐŚŽŝĐĞƚŽƐĞĞŬŚĞůƉǀĂƌŝĞĚďǇ/WKƐƚĂƚƵƐ͕ĂŐĞŽĨŚŽƵƐĞŚŽůĚƐĂŶĚƉƌĞƐĞŶĐĞŽĨ ĐŚŝůĚƌĞŶŝŶƚŚĞŚŽŵĞ͘,ŝŐŚĞƌƉĞƌĐĞŶƚĂŐĞƐŽĨŚŽƵƐĞŚŽůĚƐǁŝƚŚĐŚŝůĚƌĞŶ͕ǁŚŽŝĚĞŶƚŝĨŝĞĚĂƐ/WK ĂŶĚǁŚŽǁĞƌĞŵŝĚĚůĞĚĂŐĞĚƐŽƵŐŚƚŚĞůƉĐŽŵƉĂƌĞĚƚŽƚŚĞŝƌĐŽƵŶƚĞƌƉĂƌƚƐ͘KǀĞƌĂůů͕ϲϬйŽĨ ƚŚŽƐĞƚŚĂƚƌĞĐĞŝǀĞĚŚĞůƉǁĞƌĞĂďůĞƚŽĂĐĐĞƐƐŽƌŵĂŝŶƚĂŝŶŚŽƵƐŝŶŐǁŝƚŚƚŚĞŚĞůƉƚŚĞǇƌĞĐĞŝǀĞĚ͘ ,ŽƵƐĞŚŽůĚƐǁŚŽǁĞƌĞĂŐĞϰϱƚŽϱϰŽƌǁŚŝƚĞǁĞƌĞŵŽƌĞůŝŬĞůǇƚŚĂŶƚŚĞŝƌĐŽƵŶƚĞƌƉĂƌƚƐƚŽƌĞƉŽƌƚ ƐƵĐĐĞƐƐĨƵůůǇĂĐĐĞƐƐŝŶŐŽƌŵĂŝŶƚĂŝŶŝŶŐŚŽƵƐŝŶŐǁŝƚŚĂƐƐŝƐƚĂŶĐĞ͘,ŽƵƐĞŚŽůĚƐǁŝƚŚŽƵƚĐŚŝůĚƌĞŶ ǁĞƌĞƐůŝŐŚƚůǇŵŽƌĞůŝŬĞůǇƚŽƌĞƉŽƌƚƐƵĐĐĞƐƐ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϳϲ ^W/>E^,Kh^/E' ƐƐŝƐƚĂŶĐĞZĞĐĞŝǀĞĚƚŽZĞƐŽůǀĞ,ŽƵƐŝŶŐƌŝƐŝƐ dŚĞƚǇƉĞƐŽĨƐĞƌǀŝĐĞƐũƵĚŐĞĚƚŽďĞŵŽƐƚŚĞůƉĨƵůĂŶĚĞĨĨĞĐƚŝǀĞďǇƌĞƐƉŽŶĚĞŶƚƐǁĞƌĞďĂĐŬƌĞŶƚ͕ ĨŝƌƐƚŵŽŶƚŚ͛ƐƌĞŶƚĂŶĚĚĞƉŽƐŝƚĂƐƐŝƐƚĂŶĐĞ͘,ŽƵƐŝŶŐĂƐƐĞƐƐŵĞŶƚĂŶĚĂƉƉůŝĐĂƚŝŽŶĂƐƐŝƐƚĂŶĐĞǁĂƐ ƚŚĞŶĞǆƚŵŽƐƚĐŝƚĞĚĂƐŚĞůƉĨƵů͕ĨŽůůŽǁĞĚďǇŵĞŶƚĂůŚĞĂůƚŚƐĞƌǀŝĐĞƐĂŶĚŚĞůƉǁŝƚŚƵƚŝůŝƚŝĞƐ͘/ŶƚŚĞ ƉĂƐƚ͕ĚŝƌĞĐƚĨŝŶĂŶĐŝĂůĂƐƐŝƐƚĂŶĐĞǁĂƐĚĞĞŵĞĚŵŽƐƚŚĞůƉĨƵůŝŶƌĞƐŽůǀŝŶŐŚŽƵƐŝŶŐŝŶƐƚĂďŝůŝƚǇ͕ďƵƚ ĨŽƌƚŚŝƐŵŽƐƚƌĞĐĞŶƚƐƵƌǀĞǇ͕ŚŽƵƐŝŶŐĂƐƐĞƐƐŵĞŶƚĂŶĚĂƉƉůŝĐĂƚŝŽŶĂƐƐŝƐƚĂŶĐĞǁĂƐĂŶĞǁĂĚĚŝƚŝŽŶ ƚŽƚŚĞƚŽƉĨŝǀĞĂŶĚĂƐƚƌŽŶŐƐĞĐŽŶĚďĞŚŝŶĚĚŝƌĞĐƚĂƐƐŝƐƚĂŶĐĞ͘ ŽŵŵĞŶƚƐĨƌŽŵƌĞƐƉŽŶĚĞŶƚƐƌĞŐĂƌĚŝŶŐƚŚĞĂƐƐŝƐƚĂŶĐĞƚŚĞǇƌĞĐĞŝǀĞĚŝŶĐůƵĚĞĚ͗ EŽƚĞŶŽƵŐŚĂīŽƌĚĂďůĞŽƉƟŽŶƐĂǀĂŝůĂďůĞĂŶĚƌĞŶƚŝƐǀĞƌǇŚŝŐŚ͖ x ƉƉƌŽƉƌŝĂƚĞůǇƐŝǌĞĚƵŶŝƚƐĨŽƌƚŚĞŚŽƵƐĞŚŽůĚƌĞŵĂŝŶŝŶƐŚŽƌƚƐƵƉƉůǇĂŶĚƌĞŶƚŝƐŚŝŐŚĨŽƌůĂƌŐĞƌƐŝǌĞ x ƵŶŝƚƐ͖ ZĞƐƉŽŶƐŝǀĞŶĞƐƐĂŶĚƐƵƉƉŽƌƚĨƌŽŵƉĞŽƉůĞǁŚŽĂƐƐŝƐƚĞĚǁĂƐĂƉƉƌĞĐŝĂƚĞĚ͖ x EĞĞĚĨŽƌŵŽƌĞĂŶĚďĞƩĞƌĐŽŵŵƵŶŝĐĂƟŽŶĨƌŽŵĂƐƐŝƐƚĂŶĐĞƉƌŽǀŝĚĞƌƐƌĞŐĂƌĚŝŶŐĂƐƐŝƐƚĂŶĐĞŐŝǀĞŶ x ĂŶĚĂŶǇĐŚĂŶŐĞƐŝŶĐƌŝƚĞƌŝĂ͘ ZĞĐŽŵŵĞŶĚĂƚŝŽŶƐŽŶdǇƉĞƐŽĨ,ŽƵƐŝŶŐƐƐŝƐƚĂŶĐĞƚŽWƌŝŽƌŝƚŝǌĞĨŽƌ/ŶǀĞƐƚŵĞŶƚ ůůƌĞƐƉŽŶĚĞŶƚƐůŝƐƚĞĚƚŚĞĨŽůůŽǁŝŶŐƚŚƌĞĞŝŶǀĞƐƚŵĞŶƚƐŝŶŽƌĚĞƌŽĨƉƌŝŽƌŝƚǇ͗ ϭͿZĞŶƚĂůƐƵďƐŝĚŝĞƐǁŝƚŚŽƵƚƐĞƌǀŝĐĞƐǁĞƌĞƚŚĞĮƌƐƚƉƌŝŽƌŝƚǇ ϮͿEĞǁĂīŽƌĚĂďůĞƌĞŶƚĂůŚŽƵƐŝŶŐ 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ĞƐƚŝŵĂƚĞĚϲϳйǁĞƌĞĚŝƌĞĐƚƐĞƌǀŝĐĞƉƌŽǀŝĚĞƌƐ͕ϮϳйǁĞƌĞƉƌŽŐƌĂŵŵĂŶĂŐĞƌƐĂŶĚĚŝƌĞĐƚŽƌƐĂŶĚ ϲйŚĂĚŽƚŚĞƌƌŽůĞƐ͘ WĞƌĐĞƉƚŝŽŶŽĨdƌĞŶĚƐĂŶĚKǀĞƌĂůůEĞĞĚƐĨŽƌ,ŽŵĞůĞƐƐZĞƐƉŽŶƐĞ^ĞƌǀŝĐĞƐ ZĞƐƉŽŶĚĞŶƚƐǁĞƌĞĂƐŬĞĚƚŽŝĚĞŶƚŝĨǇƚƌĞŶĚƐŽǀĞƌƚŚĞƉĂƐƚǇĞĂƌĂĨĨĞĐƚŝŶŐƉĞŽƉůĞĞǆƉĞƌŝĞŶĐŝŶŐŽƌ ĂƚͲƌŝƐŬŽĨĞǆƉĞƌŝĞŶĐŝŶŐŚŽŵĞůĞƐƐŶĞƐƐ͘ZĞƐƉŽŶĚĞŶƚƐǁĞƌĞĂďůĞƚŽƐĞůĞĐƚ͗ 'ƌĞĂƚůǇ/ŵƉƌŽǀĞĚ x ^ůŝŐŚƚůǇ/ŵƉƌŽǀĞĚ x EŽŚĂŶŐĞ x ^ůŝŐŚƚůǇtŽƌƐĞŶĞĚ x 'ƌĞĂƚůǇtŽƌƐĞŶĞĚ x ŽŶ͛ƚ<ŶŽǁ;ǆĐůƵĚĞĚĨƌŽŵƚŚĞĂŶĂůǇƐŝƐͿ x ,ŽƵƐŝŶŐdƌĞŶĚƐ DŽƐƚƌĞƐƉŽŶĚĞŶƚƐĂŐƌĞĞĚƚŚĂƚŚŽƵƐŝŶŐƚƌĞŶĚƐĂƌĞǁŽƌƐĞŶŝŶŐ͕ǁŝƚŚŵŽƌĞƚŚĂŶϱϬйŽĨ ƌĞƐƉŽŶĚĞŶƚƐŝŶĚŝĐĂƚŝŶŐŶĞŐĂƚŝǀĞƚƌĞŶĚƐŝŶĂůůŚŽƵƐŝŶŐĐĂƚĞŐŽƌŝĞƐ͘KǀĞƌϵϬйĚĞƐĐƌŝďĞĚŚŽƵƐŝŶŐ ĂĨĨŽƌĚĂďŝůŝƚǇĂƐƐůŝŐŚƚůǇŽƌŐƌĞĂƚůǇǁŽƌƐĞŶĞĚŝŶƚŚĞƉĂƐƚǇĞĂƌ͘^ŽŵĞƌĞƐƉŽŶĚĞŶƚƐĂůƐŽƌĞƉŽƌƚĞĚ ŝŵƉƌŽǀĞĚĂĐĐĞƐƐƚŽĞŵĞƌŐĞŶĐǇŚŽƵƐŝŶŐ͕ƵƚŝůŝƚǇĂƐƐŝƐƚĂŶĐĞĂŶĚůŽŶŐͲƚĞƌŵƌĞŶƚĂůƐƵďƐŝĚŝĞƐŝŶ ƐŽŵĞĂƌĞĂƐ͘ ŵƉůŽǇŵĞŶƚĂŶĚZĞůĂƚĞĚ^ĞƌǀŝĐĞƐ KǀĞƌĂůů͕ƌĞƐƉŽŶĚĞŶƚƐŝĚĞŶƚŝĨŝĞĚƚŚĂƚũŽďŽƉƉŽƌƚƵŶŝƚŝĞƐĂŶĚǁĂŐĞƐŚĂĚŝŵƉƌŽǀĞĚĂŶĚƚŚĞƌĞǁĞƌĞ ƐŽŵĞĂĚǀĂŶĐĞŵĞŶƚƐŝŶĞĚƵĐĂƚŝŽŶĂŶĚũŽďƚƌĂŝŶŝŶŐ͘dƌĂŶƐƉŽƌƚĂƚŝŽŶ͕ĐŚŝůĚĐĂƌĞĂŶĚŵŽƐƚ ƐƵƉƉŽƌƚŝǀĞƐĞƌǀŝĐĞƐ;ŝŶĐůƵĚŝŶŐ^EWͿŚĂĚďĞĐŽŵĞůĞƐƐĂĐĐĞƐƐŝďůĞ͘ 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ƚŚĂŶŝŶƚŚĞŐĞŶĞƌĂůDŝŶŶĞƐŽƚĂƉŽƉƵůĂƟŽŶĂŶĚ ŵĞƌŝĐĂŶ/ŶĚŝĂŶƉĞŽƉůĞĞǆƉĞƌŝĞŶĐŝŶŐŚŽŵĞůĞƐƐŶĞƐƐŚĂĚƌĂƚĞƐŽĨĚĞĂƚŚŽŶĞͲĂŶĚĂŚĂůĨƟŵĞƐ x ŚŝŐŚĞƌƚŚĂŶŽƚŚĞƌƐĞǆƉĞƌŝĞŶĐŝŶŐŚŽŵĞůĞƐƐŶĞƐƐĂŶĚĮǀĞƟŵĞƐŚŝŐŚĞƌƚŚĂŶƚŚĞŐĞŶĞƌĂů ƉŽƉƵůĂƟŽŶ͘ dŚĞDE^ƚĂƚĞ>ĞŐŝƐůĂƚƵƌĞĂƉƉƌŽǀĞĚŽŶĞďŝůůŝŽŶĚŽůůĂƌƐŝŶ&zϮϬϮϰĨŽƌǀĂƌŝŽƵƐƚĂƌŐĞƚĞĚŚŽƵƐŝŶŐ ƉƌŽŐƌĂŵƐŝŶĐůƵĚŝŶŐ͗ ŶĂůůŽĐĂƚŝŽŶŽĨΨϰϲŵŝůůŝŽŶĨŽƌĂƌĞŶƚĂůĂƐƐŝƐƚĂŶĐĞƉƌŽŐƌĂŵƚĂƌŐĞƚĞĚƚŽŚĞůƉƉĞŽƉůĞƚŚĂƚĨĞĚĞƌĂů ^ĞĐƚŝŽŶϴǀŽƵĐŚĞƌƐŵŝƐƐ͘dŚĞƉƌŽŐƌĂŵĐŽƵůĚŚĞůƉƵƉƚŽϱ͕ϬϬϬĨĂŵŝůŝĞƐĂǇĞĂƌ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϳϵ ^W/>E^,Kh^/E' ^ƉĞŶĚŝŶŐŽĨΨϮϬϬŵŝůůŝŽŶĨŽƌĂŶĞǁŚŽƵƐŝŶŐŝŶĨƌĂƐƚƌƵĐƚƵƌĞƉƌŽŐƌĂŵ͘ ƚŽƚĂůŽĨΨϭϱϬŵŝůůŝŽŶǁĂƐĚĞƐŝŐŶĂƚĞĚƚŽŚĞůƉĨŝƌƐƚͲŐĞŶĞƌĂƚŝŽŶŚŽŵĞďƵǇĞƌƐ͘hŶĚĞƌƚŚĞ ƉƌŽǀŝƐŝŽŶ͕ƚŚĞĨƵŶĚƐĐŽƵůĚƉƌŽǀŝĚĞƵƉƚŽϭϬƉĞƌĐĞŶƚŽĨĂŚŽŵĞ͛ƐƉƵƌĐŚĂƐĞƉƌŝĐĞ;ǁŝƚŚĂĐĂƉŽĨ ΨϯϮ͕ϬϬϬͿƚŽŶĞǁŚŽŵĞďƵǇĞƌƐ͘ ƚŽƚĂůŽĨΨϯϬŵŝůůŝŽŶǁĂƐĞĂƌŵĂƌŬĞĚĨŽƌǁŽƌŬĨŽƌĐĞŚŽƵƐŝŶŐĚĞǀĞůŽƉŵĞŶƚƐŝŶ'ƌĞĂƚĞƌ DŝŶŶĞƐŽƚĂ͘hŶĨŽƌƚƵŶĂƚĞůǇ͕ƚŚŝƐǁĂƐŝŶƐƵĨĨŝĐŝĞŶƚƚŽĂƐƐŝƐƚƚŚĞŶƵŵďĞƌŽĨĚĞǀĞůŽƉŵĞŶƚƐƚŚĂƚ ǁĞƌĞǁĂŝƚŝŶŐĨŽƌĨƵŶĚŝŶŐ͘ DŽƌĞƚŚĂŶΨϲϱŵŝůůŝŽŶƚŽďĞƐƉĞŶƚŽŶŚŽŵĞůĞƐƐŶĞƐƐƉƌĞǀĞŶƚŝŽŶĞĨĨŽƌƚƐĂŶĚĂƚŽƚĂůŽĨΨϵϬ 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ĚĂŝůǇƉŽŝŶƚƐŽĨĐŽŶƚĂĐƚ͕ĞǀĞŶŝĨŝŶĨŽƌŵĂů͕ĐĂŶĂƐƐŝƐƚǁŝƚŚƐƚĂďŝůŝǌĂƚŝŽŶĂŶĚĐĂŶŽĨĨĞƌƐŽĐŝĂůƐƵƉƉŽƌƚ ƚŽƚŚŽƐĞǁŚŽĂƌĞǁŽƌŬŝŶŐƚŽŵŽǀĞĨŽƌǁĂƌĚŝŶƚŚĞŝƌůŝǀĞƐ͘ ůƵƐƚĞƌŚŽƵƐŝŶŐŽƌĚĞǀĞůŽƉŵĞŶƚƐƚŚĂƚĨŽĐƵƐŽŶƉƌŽǀŝĚŝŶŐϮϰͲŚŽƵƌĚĞƐŬŽǀĞƌƐŝŐŚƚ͕ŽŶͲƐŝƚĞ ƐƵƉƉŽƌƚƐĞƌǀŝĐĞƐĂŶĚŽƚŚĞƌƚǇƉĞƐŽĨƐƉĞĐŝĂůŝǌĞĚůŝǀŝŶŐĞŶǀŝƌŽŶŵĞŶƚƐ;ƐŽďĞƌƌĞƐŝĚĞŶĐĞƐͿĐĂŶ ƐŽŵĞƚŝŵĞƐďĞƚƚĞƌĞŶĂďůĞƌĞƐŝĚĞŶƚƐƚŽŝŶĐƌĞĂƐĞƚŚĞŝƌŝŶĚĞƉĞŶĚĞŶĐĞďǇŽĨĨĞƌŝŶŐƚŚĞŵĂůŝǀŝŶŐ ĞŶǀŝƌŽŶŵĞŶƚƚŚĂƚĨŽƐƚĞƌƐŵŽƌĞĐŽŵŵƵŶŝƚǇĂŶĚƐŽĐŝĂůŝŶƚĞƌĂĐƚŝŽŶǁŝƚŚƉĞŽƉůĞƚŚĂƚĂƌĞ ĞǆƉĞƌŝĞŶĐŝŶŐƚŚĞƐĂŵĞĐŚĂůůĞŶŐĞƐ͘KŶͲƐŝƚĞƐƵƉƉŽƌƚĂŶĚϮϰͲŚŽƵƌĚĞƐŬŽǀĞƌƐŝŐŚƚĐĂŶĂƐƐŝƐƚƚŚĞ ƌĞƐŝĚĞŶƚŝŶŚĂǀŝŶŐĂƌĞŐƵůĂƌƚŽƵĐŚƉŽŝŶƚĨŽƌƐƉĞĐŝĂůƐŝƚƵĂƚŝŽŶƐƚŚĂƚŵĂǇĂƌŝƐĞ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϴϮ ^W/>E^,Kh^/E' ^ŽŵĞƉŽƉƵůĂƚŝŽŶƐƐŚŽǁŐƌĞĂƚĞƌŝŵƉƌŽǀĞŵĞŶƚŝŶĐůƵƐƚĞƌŚŽƵƐŝŶŐǁŚŝůĞŽƚŚĞƌƐĨĂƌĞďĞƚƚĞƌŝŶ ŵŝǆĞĚŝŶĐŽŵĞŚŽƵƐŝŶŐ͘ŶƵŵďĞƌŽĨƚŚĞƐĞŚŽƵƐĞŚŽůĚƐĂůƐŽĨĂĐĞŽƚŚĞƌĐŚĂůůĞŶŐĞƐŝŶĐůƵĚŝŶŐ ĐŚĞŵŝĐĂůĚĞƉĞŶĚĞŶĐǇ͕ŵĞŶƚĂůŝůůŶĞƐƐ͕ĚĞƉƌĞƐƐŝŽŶ͕ƉŚǇƐŝĐĂůĚŝƐĂďŝůŝƚŝĞƐ͕ĂŶĚŽƚŚĞƌƐŝƚƵĂƚŝŽŶƐƚŚĂƚ ŵĂŬĞŝƚǀĞƌǇĚŝĨĨŝĐƵůƚĨŽƌƚŚĞŵƚŽŵĂŝŶƚĂŝŶƉĞƌŵĂŶĞŶƚŚŽƵƐŝŶŐ͘ƉŽƌƚŝŽŶŽĨƚŚĞƌĞƐŝĚĞŶƚƐĂƚ ƚŚĞƐĞĨĂĐŝůŝƚŝĞƐŚĂǀĞĞǆƉĞƌŝĞŶĐĞĚŚŽŵĞůĞƐƐŶĞƐƐ͘ ^ŽŵĞŽĨƚŚĞƉƌŽƉĞƌƚŝĞƐůŝƐƚĞĚĂůƐŽƐĞƌǀĞƉŽƉƵůĂƚŝŽŶƐƚŚĂƚŚĂǀĞƐƉĞĐŝĨŝĐŶĞĞĚƐ͕ŝŶĐůƵĚŝŶŐ ŚŽŵĞůĞƐƐĨĂŵŝůŝĞƐŽŶůǇ͕ƐŝŶŐůĞͲŵŽƚŚĞƌƐ͕ŚŽƵƐĞŚŽůĚƐǁŝƚŚŵĞŶƚĂůŚĞĂůƚŚĐŚĂůůĞŶŐĞƐĂŶĚ ŚŽƵƐĞŚŽůĚƐǁŝƚŚĨĂŵŝůŝĞƐŽŶůǇ͘ &ĂĐŝůŝƟĞƐĂŶĚWƌŽƉĞƌƟĞƐ^ĞƌǀŝŶŐƚŚĞ,ŽŵĞůĞƐƐ dŚĞƚĂďůĞŽŶƚŚĞĨŽůůŽǁŝŶŐƉĂŐĞƐŝĚĞŶƚŝĨŝĞƐĞŵĞƌŐĞŶĐǇƐŚĞůƚĞƌ͕ƚƌĂŶƐŝƚŝŽŶĂůŚŽƵƐŝŶŐ͕ƉĞƌŵĂŶĞŶƚ ƐƵƉƉŽƌƚŝǀĞŚŽƵƐŝŶŐĂŶĚĂĨĨŽƌĚĂďůĞƌĞŶƚĂůƉƌŽƉĞƌƚŝĞƐƚŚĂƚŚĂǀĞĚĞƐŝŐŶĂƚĞĚƵŶŝƚƐĨŽƌůŽŶŐͲƚĞƌŵ ŚŽŵĞůĞƐƐ͘&ĂĐŝůŝƚŝĞƐŝŶKůŵƐƚĞĚŽƵŶƚǇĂƌĞƐŚŽǁŶƐĞƉĂƌĂƚĞůǇĨƌŽŵƚŚĞƚŽƚĂůŶƵŵďĞƌŽĨďĞĚƐŝŶ ƚŚĞZŝǀĞƌsĂůůĞǇƐŽũƵƌŝƐĚŝĐƚŝŽŶƐ͘ /Ŷ^DŝŶŶĞƐŽƚĂ͕ƚŚĞƌĞĂƌĞϰ͕ϲϭϮďĞĚƐ͘/ŶKůŵƐƚĞĚŽƵŶƚǇ͕ƚŚĞƌĞĂƌĞϳϵϭďĞĚƐ͕ĂŶĞƐƚŝŵĂƚĞĚ ϭϱйŽĨƚŚĞƚŽƚĂůŝŶ^DŝŶŶĞƐŽƚĂ͘KůŵƐƚĞĚŽƵŶƚǇŚĂƐƚŚĞŚŝŐŚĞƐƚŚŽŵĞůĞƐƐƉŽƉƵůĂƚŝŽŶŝŶƚŚĞ ZŝǀĞƌsĂůůĞǇƐŽ͕ĨŽůůŽǁĞĚďǇůƵĞĂƌƚŚŽƵŶƚǇ͘ WĞƌŵĂŶĞŶƚ^ƵƉƉŽƌƚŝǀĞ,ŽƵƐŝŶŐĨĂĐŝůŝƚŝĞƐŝŶĐůƵĚĞ͗ ĂƐƚůĞǀŝĞǁ;ϯϮƵŶŝƚƐͿʹ/ŶƚĞŐƌĂƚĞĚ^ƵƉƉŽƌƚŝǀĞ,ŽƵƐŝŶŐĨŽƌůŽǁͲŝŶĐŽŵĞŚŽƵƐĞŚŽůĚƐ͖ϭϲƵŶŝƚƐ ĚĞƐŝŐŶĂƚĞĚĨŽƌ>d,ĂŶĚƉĞŽƉůĞǁŝƚŚĚŝƐĂďŝůŝƚŝĞƐ͘ dŚĞ&ƌĂŶĐŝƐ;ϭϴƵŶŝƚƐͿʹWĞƌŵĂŶĞŶƚ^ƵƉƉŽƌƚŝǀĞ,ŽƵƐŝŶŐĨŽƌƉĞŽƉůĞǁŝƚŚŚŝŐŚŶŽŶͲŵĞĚŝĐĂů ďĂƌƌŝĞƌƐƚŽĨŝŶĚŝŶŐĂŶĚŵĂŝŶƚĂŝŶŝŶŐƉĞƌŵĂŶĞŶƚŚŽƵƐŝŶŐ͘KŶͲŐŽŝŶŐƐƵƉƉŽƌƚŝƐĂǀĂŝůĂďůĞ͘ 'ĂŐĞĂƐƚ;ϱϱƵŶŝƚƐͿʹWĞƌŵĂŶĞŶƚ^ƵƉƉŽƌƚŝǀĞ,ŽƵƐŝŶŐĨŽƌŚŽŵĞůĞƐƐ&ĂŵŝůŝĞƐĂŶĚŚŽŵĞůĞƐƐ zŽƵƚŚ͘ dŚĞDĂǇŽǁŽŽĚ;ϯϬƵŶŝƚƐͿʹWĞƌŵĂŶĞŶƚ^ƵƉƉŽƌƚŝǀĞ,ŽƵƐŝŶŐĨŽƌŚŽŵĞůĞƐƐĂĚƵůƚƐǁŝƚŚďĞŚĂǀŝŽƌĂů ŚĞĂůƚŚĐŚĂůůĞŶŐĞƐ͘ ^ŝůǀĞƌƌĞĞŬŽƌŶĞƌ;ϰϬƵŶŝƚƐͿʹ'ƌŽƵƉZĞƐŝĚĞŶƚŝĂů,ŽƵƐŝŶŐĨŽƌŚŽŵĞůĞƐƐĐŚƌŽŶŝĐĂůĐŽŚŽůŝĐƐ͘ :ĞƌĞŵŝĂŚWƌŽŐƌĂŵ;ϰϬƵŶŝƚƐͿʹKĨĨĞƌƐƐĂĨĞĂŶĚĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐĨŽƌϰϬŵŽƚŚĞƌƐĂŶĚƚŚĞŝƌ ĐŚŝůĚƌĞŶǁŝƚŚĂŵŝƐƐŝŽŶƚŽĚŝƐƌƵƉƚƚŚĞĐǇĐůĞŽĨƉŽǀĞƌƚǇ͘ĚƵĐĂƚŝŽŶĂŶĚĞŵƉůŽǇŵĞŶƚĂƌĞŬĞǇ ĐŽŵƉŽŶĞŶƚƐŽĨƚŚŝƐƉƌŽŐƌĂŵ͘^ƵƉƉŽƌƚƐĂƌĞƉƌŽǀŝĚĞĚŝŶĐůƵĚŝŶŐĐŚŝůĚͲĐĂƌĞ͘&ĂŵŝůŝĞƐĂƌĞ ƐƚĂďŝůŝǌĞĚĂŶĚƚŚĞŶƚƌĂŶƐŝƚŝŽŶƚŽƉĞƌŵĂŶĞŶƚŚŽƵƐŝŶŐ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϴϯ ϭϴϰ zŽƵƚŚ ĞĚƐĞĚƐĞĚƐ ϱϱ ϯϳϯϲ Ϯϰ ϭϴ ϯ͕ϯϱϱϮϮϰϲϴϯϳϯϴϲϭ͕ϭϮϬϵϮϬϮϳϮ͕Ϭϲϳϳϳϭϱϰ͕ϲϭϮϮϮϰϳϯϵϮ ^ƵďƐĞƚŽĨĞĚ/ŶǀĞŶƚŽƌǇ ϬϬϲϬϬϲϬϬϲϬϬϲϬϬϱϬϬϰϬϬϬϬϬϬϬϬϵϬϬϬ ϬϬϬϬϬϬϬϬϬϬϬϬϬϬϴϬϬϴϬϬϬϬϬϬϬϬϬ ϬϬϬ ϬϬϬϬϬϬ ϬϬϬ Ϭ ϭ sĞƚĞƌĂŶ ϮϮϰϯϬϯϴ ϬϬ ϱ ϬϬ ϱ ŚƌŽŶŝĐ ŶͬĂ ŶͬĂŶͬĂŶͬĂŶͬĂ Ϯ͕ϰϳϬ ϵϵϮϵϯϮϮϯϭϳϱϯϯϳϳϭϱϭ͕Ϯϱϳ dŽƚĂů ϴϯϱϱϰϱϯϰϬϭϯϰ ϰϮϮ ϮϬϮϰϭϰϮϰϭϳ ϱϬ ϰϮϭϭϭϮϮϱ ϯϵ KǀĞƌĨůŽǁͬ sŽƵĐŚĞƌ ŶͬĂŶͬĂ ŶͬĂŶͬĂŶͬĂŶͬĂŶͬĂŶͬĂŶͬĂŶͬĂ ϲϭϭϲϳϭϱϳϭϳϯϰϭϳϳϭϱ ϬϬϬϬϬϬϬϬϬϬ ϬϬ ϬϬϬϬ ϬϬ ϬϬϬϬ ϬϬ ^ĞĂƐŽŶĂů ZŽƵŶĚĞĚƐ dŽƚĂůzĞĂƌ ^D/EE^KdEK>D^dKhEdz ϮϴϳϴϮϳϲϵϳϭϬϭ͕ϱϯϰ ϮϭϰϱϵϴϱϮϬϭϬϭ͕ϭϮϴ Ϯϱϰ ϭϱϮ ϭϵϮ ,Kh^/E'/EsEdKZzKhEd^ϬϬϬϬϬϬϬϬϬ Ϭ ϬϬϬ Ϭ ϬϬϬ Ϭ KůŵƐƚĞĚŽƵŶƚǇ d>^EͲϭϴ ŚŝůĚͲKŶůǇ ;ĐŽŶƚŝŶƵĞĚͿ ĞĚƐĞĚƐĞĚƐ ϮϬϮϰ ϬϬϬϬϬϬϲϬϬϮϬϯϲϮϬϬϬϴϬϭϮϮϬϬϬϬϬϬϬϬϰϬ ϰϬ ϮϳϬϬϬϬϬϬ ϬϬ ϬϬϯϯ ϵ ĚƵůƚͲKŶůǇ ϯϳϭϭϯϭϰϭ ϯϴϭϮϲϲϲϯϲϭϭϲϯϲϮϬ ϰϮϭϮ Ϯϱϵϭ &ĂŵŝůǇ&ĂŵŝůǇ ϭϳϭϬϭϲϮϬ ϭϬϰϬ Ϯϲ ϭϯ ϬϬϬϬϬϬ hŶŝƚƐ ϰϰ ϰ ϱ ϵ ϱ ϵ d^dǁŝŶŝƚŝĞƐ^ŽĐŝĂů^ĞƌǀŝĐĞƐ;ŵĞƌsŽƵĐŚĞƌƐͿ ŵĞƌŐĞŶĐǇ͕^ĂĨĞ,ĂǀĞŶ͕dƌĂŶƐŝƚŝŽŶĂů,ŽƵƐŝŶŐ ĂƚŚŽůŝĐŚĂƌŝƚŝĞƐŽĨ^ŽƵƚŚĞƌŶDEͲZŽĐŚĞƐƚĞƌ Dy&/>Z^Z,ΘKE^h>d/E' tŽŵĞŶΖƐ^ŚĞůƚĞƌ/ŶĐ͘Ͳ^ĐĂƚƚĞƌĞĚ^ŝƚĞ ,ŽƉĞssŽƵĐŚĞƌƐͲKůŵƐƚĞĚŽƵŶƚǇ 'ƌĂŶĚdŽƚĂůͲ^ͬ^ŽƵƚŚĞŶƚƌĂůDE WĞƌŵĂŶĞŶƚ^ƵƉƉŽƌƚŝǀĞ,ŽƵƐŝŶŐ d^ZŽĐŚĞƐƚĞƌ;ŵĞƌŐsŽƵĐŚĞƌƐͿ ŽƌŽƚŚǇĂǇ,ŽƵƐĞͲZŽĐŚĞƐƚĞƌ >^^ZŽĐŚĞƐƚĞƌͲ^ĐĂƚƚĞƌĞĚ^ŝƚĞ ^W/>E^,Kh^/E' KƚŚĞƌWĞƌŵĂŶĞŶƚ,ŽƵƐŝŶŐ sŽŶtĂůĚŵĞƌŐĞŶĐǇzŽƵƚŚ K:WtŽŵĞŶΖƐ^ŚĞůƚĞƌ;sͿ &ĂŵŝůǇ^ŚĞůƚĞƌͲZŽĐŚĞƐƚĞƌ sŽŶtĂůĚzŽƵƚŚ^ŚĞůƚĞƌ dƌĂŶƐŝƚŝŽŶĂů,ŽƵƐŝŶŐ ^'dŚĞƌĞĞŬ^ŚĞůƚĞƌ tŽŵĞŶΖƐ^ŚĞůƚĞƌ/ŶĐ͘ tŽŵĞŶΖƐ^ŚĞůƚĞƌ/ŶĐ͘ dƌĂŶƐŝƚŝŽŶĂů,ŽƵƐŝŶŐ ŵĞƌŐĞŶĐǇ^ŚĞůƚĞƌ WĞƌŵĂŶĞŶƚ,ŽƵƐŝŶŐ ZĂƉŝĚZĞͲ,ŽƵƐŝŶŐ ŵĞƌŐĞŶĐǇ^ŚĞůƚĞƌŵĞƌŐĞŶĐǇ^ŚĞůƚĞƌ >^^ZŽĐŚĞƐƚĞƌ dŽƚĂů dŽƚĂůdŽƚĂů ϭϴϱ zŽƵƚŚ ĞĚƐĞĚƐĞĚƐ Ϯϰ ^ƵďƐĞƚŽĨĞĚ/ŶǀĞŶƚŽƌǇ ϬϬϬϬϬϬϬϬϬϬϬϳϬϬϬϬϬϬϬϬϰϬϬϬϬϬϬϬϬϬϬϬϴϬϬϬϬϬϴϬϬϬϬϬϳϬϬϬϬϬϱϬϬϬϬϬϴϬϬϬϬϬϴϬϬϬϬϬϰϬϬϬϬϬϬ ϬϬϬϬϬϬϬϬϬϬϴϴϬϬϬϬϬϬϬϬϴϴϬϬϬϬ ϬϬ ϬϬϬϬϬϬϬϬϬϬϬϰϬϬϬϬϬϰϬϬϬϬϬϬϬϬϴϬϬϬϬϬϬ ϬϬϬ sĞƚĞƌĂŶ Ϭ ŚƌŽŶŝĐ ϮϬϯϭϳϵ ϳϵϭϭϳϵ ϭϬϭϬ ϭϴϭϴϳϬϱϱϯϲϮϴϭϳϭϳϭϴϭϳϭϴϭϴ dŽƚĂů ϯϲϱ ϯϬϭϲϲϬϭϮ ϲϭϮϱϭϮϭϭϭϵϭϱϰϭϱ ϭ KǀĞƌĨůŽǁͬ sŽƵĐŚĞƌ ϬϬϬϬϬϬϬϬ ϬϬϬϬϬϬϬϬϬϬϬϬϬϬ ϬϬ ϬϬϬϬϬϬϬϬϬϬϬϬϬϬϬϬ ϬϬϬϬ ^ĞĂƐŽŶĂů ^ŽƵƌĐĞ͗,hϮϬϮϰŽ,ŽŵĞůĞƐƐƐƐŝƐƚĂŶĐĞWƌŽŐƌĂŵƐ͖,ŽƵƐŝŶŐ/ŶǀĞŶƚŽƌǇŽƵŶƚƐ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐ ZŽƵŶĚĞĚƐ dŽƚĂůzĞĂƌ ^D/EE^KdEK>D^dKhEdz ϬϬϬϬϬϬϬ ϬϬϬϬϬϬϬϬϬ Ϭ ϬϬϬϬϬϬϬϬϬϬϬϬϬϬϬϬϬ ϬϬ ,Kh^/E'/EsEdKZzKhEd^ d>^EͲϭϴ ŚŝůĚͲKŶůǇ ĞĚƐĞĚƐĞĚƐ ϮϬϮϰ ϭϱϭϬ ϰϱϭϮϮϭϴϴϭϬϵϳϮϵϯϯϴϮϭϵ ϬϬ ϬϬϱϬϬϬϬϬϬϬϬϬϬϭϯϯϬϬϬϱϬϮϰϮϬϬϬϴϬϬϬϰϬϰϴϬϬ ϬϬϬϬϴϬϬϬϬϬϴϬϬ Ϭ ϬϬϰϬϯϴϭϬϯϳϭϬϭϮϭϬϮϰϭϬϬϬϰϬϮϰϮϬϬϬϴϬϬϬϴϬϬ ĚƵůƚͲKŶůǇ ϭϲϲϬ ϭϬ ϮϰϴϬϵϵ ϯϬ ϭϴϭϳϭϱϭϴϭϱ &ĂŵŝůǇ&ĂŵŝůǇ ϭϬ ϭϱϰϲ ϭϱϭϭ ϭϱϱϱϮϯ ϬϬϬϬϬϬϬϬϬϬϬϬϬϬϬϬϬϬ ϭϮ hŶŝƚƐ ϰ ϰϰ ϴ Dy&/>Z^Z,ΘKE^h>d/E' WĞƌŵĂŶĞŶƚ^ƵƉƉŽƌƚŝǀĞ,ŽƵƐŝŶŐ :ĞƌĞŵŝĂŚWƌŽŐƌĂŵZŽĐŚĞƐƚĞƌ DĞĂĚŽǁƐtĞƐƚdŽǁŶŚŽŵĞƐ KƚŚĞƌWĞƌŵĂŶĞŶƚ,ŽƵƐŝŶŐ tĂƐŚŝŶŐƚŽŶsŝůůĂŐĞtĞƐƚ dŚĞ,ǇůĂŶĚƐƉĂƌƚŵĞŶƚƐ tĂƐŚŝŶŐƚŽŶsŝůůĂŐĞĂƐƚ dŽƚĂůͲKůŵƐƚĞĚŽƵŶƚǇ 'ĂŐĞĂƐƚƉƚƐͲ&ĂŵŝůǇ DĂǇǁŽŽĚƉĂƌƚŵĞŶƚƐ ^W/>E^,Kh^/E' ,ĂƌǀĞƐƚǀŝĞǁWůĂĐĞ// ĂƐĐĂĚĞƌĞĞŬƉƚƐ ^,KZKůŵƐƚĞĚW,^ ^ŝůǀĞƌƌĞĞŬŽƌŶĞƌ ŽW^,sŽƵĐŚĞƌƐ 'ĂŐĞĂƐƚͲ&ĂŵŝůǇ,ĂƌǀĞƐƚǀŝĞǁWůĂĐĞ dŚĞϭϬϱ^ĞĐƚŝŽŶϴ,ŽƵƐŝŶŐ^ƵƉƉŽƌƚƐ ZŽĐŚĞƐƚĞƌ^ƋƵĂƌĞ 'ĂŐĞĂƐƚͲzŽƵƚŚ EŽƌƚŚĞƌŶ,ĞŝŐŚƚƐ ĂƐƚŐĂƚĞƉƚƐ,^ sĂůůĞǇ,ŝŐŚ&ůĂƚƐ ĞŶƚƵƌǇ,ĞŝŐŚƚƐ ^ƚ͘&ƌĂŶĐŝƐƉƚƐĞŶƚƌĂůdŽǁĞƌƐ ĂƐƚůĞǀŝĞǁͲ>d, DĂŶĂŐĞĚĂƌĞ >^^ZŽĐŚĞƐƚĞƌdŚĞDĞĂĚŽǁƐ ƐŚůĂŶĚWůĂĐĞ dŚĞϭϬϱW^, ƌŝĚŐĞƐ>d, ĂƐƚůĞǀŝĞǁ ,hsĂƐŚ dŽƚĂů dŽƚĂů ^W/>E^E,KD>^^WKWh>d/KE^ ĐĐĞƐƐŝďůĞ,ŽƵƐŝŶŐ KůŵƐƚĞĚŽƵŶƚǇŚĂƐƚŚƌĞĞƌĞŶƚĂůƉƌŽƉĞƌƚŝĞƐƚŚĂƚǁĞƌĞĚĞǀĞůŽƉĞĚƐƉĞĐŝĨŝĐĂůůǇƚŽƉƌŽǀŝĚĞ ĂĐĐĞƐƐŝďůĞŚŽƵƐŝŶŐĨŽƌƐŝŶŐůĞƐ͘dŚĞƐĞƉƌŽƉĞƌƚŝĞƐĂƌĞ͗ ŽƐƚƌŽŵdĞƌƌĂĐĞ;ZŽĐŚĞƐƚĞƌͿϭϰ͕ŽŶĞͲďĞĚƌŽŽŵǁŚĞĞůĐŚĂŝƌĂĐĐĞƐƐŝďůĞƵŶŝƚƐĨŽƌĂĚƵůƚƐ͘ <ĞŶŽƐŚĂƌŝǀĞƉƚƐ͘;ZŽĐŚĞƐƚĞƌͿϱϯ͕ŽŶĞͲďĞĚƌŽŽŵƵŶŝƚƐĨŽƌƐĞŶŝŽƌƐϲϮнǁŚŝĐŚĂƌĞĂĨĨŽƌĚĂďůĞ ĂŶĚŽĨƚŚŽƐĞ͕ƚĞŶƵŶŝƚƐĂƌĞŚĂŶĚŝĐĂƉĂĐĐĞƐƐŝďůĞ͘ ĚĚŝƚŝŽŶĂůƵŶŝƚƐŝŶKůŵƐƚĞĚŽƵŶƚǇƚŚĂƚĂƌĞŚĂŶĚŝĐĂƉĂĐĐĞƐƐŝďůĞŝŶĐůƵĚĞ͗ ZŽůůŝŶŐ,ĞŝŐŚƚƐƉĂƌƚŵĞŶƚƐʹǇƌŽŶ;ϭϲƵŶŝƚƐͿʹϯƵŶŝƚƐĂĐĐĞƐƐŝďůĞ ǇŽƚĂDĂŶŽƌƉĂƌƚŵĞŶƚƐʹǇŽƚĂ;ϮϰƵŶŝƚƐͿʹϮƵŶŝƚƐĂĐĐĞƐƐŝďůĞ ŽǁŶƚŽǁŶĞƌ//ƉĂƌƚŵĞŶƚƐʹ^ƚĞǁĂƌƚǀŝůůĞ;ϯϱƵŶŝƚƐͿʹϯƵŶŝƚƐĂĐĐĞƐƐŝďůĞ 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/ŶƉƌĞǀŝŽƵƐƐƵƌǀĞǇƐ͕ĚŝƌĞĐƚŚŽƵƐŝŶŐĂƐƐŝƐƚĂŶĐĞǁĂƐŝĚĞŶƚŝĨŝĞĚĂƐďĞŝŶŐŵŽƐƚŝŵƉŽƌƚĂŶƚ͘/ŶƚŚĞ ŵŽƐƚƌĞĐĞŶƚƐƵƌǀĞǇŝŶϮϬϮϯ͕ƌĞƐƉŽŶĚĞŶƚƐŝĚĞŶƚŝĨŝĞĚƚŚĂƚǁŚĂƚŝƐŶĞĞĚĞĚŵŽƐƚŝƐŚŽƵƐŝŶŐ ĂƐƐĞƐƐŵĞŶƚĂŶĚĂƐƐŝƐƚĂŶĐĞǁŝƚŚĂƉƉůŝĐĂƚŝŽŶƐ͘ ,ŽƵƐŝŶŐƵŶŝƚƐƐŝǌĞĚĂƉƉƌŽƉƌŝĂƚĞůǇĨŽƌƚŚĞŚŽƵƐĞŚŽůĚƐŝǌĞĐŽŶƚŝŶƵĞƚŽďĞĂŶŽŶŐŽŝŶŐŶĞĞĚ͘dŚĞƌĞ ŝƐŝŶƐƵĨĨŝĐŝĞŶƚƐƵƉƉůǇŽĨĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐƚŽŵĞĞƚƚŚĞŶĞĞĚƐŽĨůŽǁͲĂŶĚŵŽĚĞƌĂƚĞͲŝŶĐŽŵĞ ůĂƌŐĞƌƐŝǌĞŚŽƵƐĞŚŽůĚƐ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϴϳ ,Kh^/E'&&KZ/>/dz ,ŽƵƐŝŶŐīŽƌĚĂďŝůŝƚǇ ĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐŝƐĂƚĞƌŵƚŚĂƚŚĂƐǀĂƌŝŽƵƐĚĞĨŝŶŝƚŝŽŶƐĂĐĐŽƌĚŝŶŐƚŽĚŝĨĨĞƌĞŶƚƉĞŽƉůĞĂŶĚŝƐĂ ƉƌŽĚƵĐƚŽĨƐƵƉƉůǇĂŶĚĚĞŵĂŶĚ͘ĐĐŽƌĚŝŶŐƚŽƚŚĞh͘^͘ĞƉĂƌƚŵĞŶƚŽĨ,ŽƵƐŝŶŐĂŶĚhƌďĂŶ ĞǀĞůŽƉŵĞŶƚ;,hͿ͕ƚŚĞĚĞĨŝŶŝƚŝŽŶŽĨĂĨĨŽƌĚĂďŝůŝƚǇŝƐĨŽƌĂŚŽƵƐĞŚŽůĚƚŽƉĂǇŶŽŵŽƌĞƚŚĂŶϯϬй ŽĨŝƚƐĂŶŶƵĂůŝŶĐŽŵĞŽŶŚŽƵƐŝŶŐ;ŝŶĐůƵĚŝŶŐƵƚŝůŝƚŝĞƐͿ͘&ĂŵŝůŝĞƐǁŚŽƉĂǇŵŽƌĞƚŚĂŶϯϬйŽĨƚŚĞŝƌ ŝŶĐŽŵĞĨŽƌŚŽƵƐŝŶŐ;ĞŝƚŚĞƌƌĞŶƚŽƌŵŽƌƚŐĂŐĞͿĂƌĞĐŽŶƐŝĚĞƌĞĚĐŽƐƚďƵƌĚĞŶĞĚĂŶĚŵĂǇŚĂǀĞ ĚŝĨĨŝĐƵůƚǇĂĨĨŽƌĚŝŶŐŶĞĐĞƐƐŝƚŝĞƐƐƵĐŚĂƐĨŽŽĚ͕ĐůŽƚŚŝŶŐ͕ƚƌĂŶƐƉŽƌƚĂƚŝŽŶĂŶĚŵĞĚŝĐĂůĐĂƌĞ͘ 'ĞŶĞƌĂůůǇ͕ŚŽƵƐŝŶŐƚŚĂƚŝƐŝŶĐŽŵĞͲƌĞƐƚƌŝĐƚĞĚƚŽŚŽƵƐĞŚŽůĚƐĞĂƌŶŝŶŐĂƚŽƌďĞůŽǁϴϬйŽĨƌĞĂ DĞĚŝĂŶ/ŶĐŽŵĞ;D/ͿŝƐĐŽŶƐŝĚĞƌĞĚĂĨĨŽƌĚĂďůĞ͘,ŽǁĞǀĞƌ͕ŵĂŶǇŝŶĚŝǀŝĚƵĂůƉƌŽƉĞƌƚŝĞƐŚĂǀĞ ŝŶĐŽŵĞƌĞƐƚƌŝĐƚŝŽŶƐƐĞƚĂŶǇǁŚĞƌĞĨƌŽŵϯϬйƚŽϴϬйŽĨD/͘ZĞŶƚŝƐŶŽƚďĂƐĞĚŽŶŝŶĐŽŵĞďƵƚ ŝŶƐƚĞĂĚŝƐĂĐŽŶƚƌĂĐƚĂŵŽƵŶƚƚŚĂƚŝƐĂĨĨŽƌĚĂďůĞƚŽŚŽƵƐĞŚŽůĚƐǁŝƚŚŝŶƚŚĞƐƉĞĐŝĨŝĐŝŶĐŽŵĞ ƌĞƐƚƌŝĐƚŝŽŶƐĞŐŵĞŶƚ͘DŽĚĞƌĂƚĞͲŝŶĐŽŵĞŚŽƵƐŝŶŐ͕ŽĨƚĞŶƌĞĨĞƌƌĞĚƚŽĂƐ͞ǁŽƌŬĨŽƌĐĞŚŽƵƐŝŶŐ͕͟ ƌĞĨĞƌƐƚŽďŽƚŚƌĞŶƚĂůĂŶĚŽǁŶĞƌƐŚŝƉŚŽƵƐŝŶŐ͘,ĞŶĐĞ͕ƚŚĞĚĞĨŝŶŝƚŝŽŶŝƐďƌŽĂĚůǇĚĞĨŝŶĞĚĂƐ ŚŽƵƐŝŶŐƚŚĂƚŝƐŝŶĐŽŵĞͲƌĞƐƚƌŝĐƚĞĚƚŽŚŽƵƐĞŚŽůĚƐĞĂƌŶŝŶŐďĞƚǁĞĞŶϱϬйĂŶĚϭϮϬйD/͘&ŝŐƵƌĞϭ ďĞůŽǁƐƵŵŵĂƌŝǌĞƐŝŶĐŽŵĞƌĂŶŐĞƐďǇĚĞĨŝŶŝƚŝŽŶ͘ &/'hZϭ ZD/E/EKD;D/Ϳ&/E/d/KE^ D/ZĂŶŐĞ ĞĨŝŶŝƚŝŽŶ ǆƚƌĞŵĞůǇ>Žǁ/ŶĐŽŵĞϬйͲϯϬй sĞƌǇ>Žǁ/ŶĐŽŵĞϯϭйͲϱϬй >Žǁ/ŶĐŽŵĞϱϭйͲϴϬй DŽĚĞƌĂƚĞ/ŶĐŽŵĞϴϬйͲϭϮϬй EŽƚĞ͗KůŵƐƚĞĚŽƵŶƚǇϰͲƉĞƌƐŽŶD/сΨϭϮϱ͕ϲϬϬ ZĞŶƚĂŶĚ/ŶĐŽŵĞ>ŝŵŝƚƐ dĂďůĞ,ͲϭďĞůŽǁƐŚŽǁƐƚŚĞŵĂǆŝŵƵŵĂůůŽǁĂďůĞŝŶĐŽŵĞƐďǇŚŽƵƐĞŚŽůĚƐŝǌĞƚŽƋƵĂůŝĨǇĨŽƌ ĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐĂŶĚŵĂǆŝŵƵŵŐƌŽƐƐƌĞŶƚƐƚŚĂƚĐĂŶďĞĐŚĂƌŐĞĚďǇďĞĚƌŽŽŵƐŝǌĞŝŶKůŵƐƚĞĚ ŽƵŶƚǇ͘dŚĞƐĞŝŶĐŽŵĞƐĂƌĞƉƵďůŝƐŚĞĚĂŶĚƌĞǀŝƐĞĚĂŶŶƵĂůůǇďǇƚŚĞĞƉĂƌƚŵĞŶƚŽĨ,ŽƵƐŝŶŐĂŶĚ hƌďĂŶĞǀĞůŽƉŵĞŶƚ;,hͿĂŶĚĂůƐŽƉƵďůŝƐŚĞĚƐĞƉĂƌĂƚĞůǇďǇƚŚĞDŝŶŶĞƐŽƚĂ,ŽƵƐŝŶŐ&ŝŶĂŶĐĞ ŐĞŶĐǇďĂƐĞĚŽŶƚŚĞĚĂƚĞƚŚĞƉƌŽũĞĐƚǁĂƐƉůĂĐĞĚŝŶƚŽƐĞƌǀŝĐĞ͘&ĂŝƌŵĂƌŬĞƚƌĞŶƚŝƐƚŚĞĂŵŽƵŶƚ ŶĞĞĚĞĚƚŽƉĂǇŐƌŽƐƐŵŽŶƚŚůǇƌĞŶƚĂƚŵŽĚĞƐƚƌĞŶƚĂůŚŽƵƐŝŶŐŝŶĂŐŝǀĞŶĂƌĞĂ͘dŚŝƐƚĂďůĞŝƐƵƐĞĚ ĂƐĂďĂƐŝƐĨŽƌĚĞƚĞƌŵŝŶŝŶŐƚŚĞƉĂǇŵĞŶƚƐƚĂŶĚĂƌĚĂŵŽƵŶƚƐƵƐĞĚƚŽĐĂůĐƵůĂƚĞƚŚĞŵĂǆŝŵƵŵ ŵŽŶƚŚůǇƐƵďƐŝĚǇĨŽƌĨĂŵŝůŝĞƐĂƚĨŝŶĂŶĐŝĂůůǇĂƐƐŝƐƚĞĚŚŽƵƐŝŶŐ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϴϴ ,Kh^/E'&&KZ/>/dz d>,Ͳϭ D,&ͬ,h/EKDEZEd>/D/d^ KůŵƐƚĞĚŽƵŶƚǇͲϮϬϮϱ /ŶĐŽŵĞ>ŝŵŝƚƐďǇ,ŽƵƐĞŚŽůĚ^ŝǌĞ ϭƉƉŚϮƉƉŚϯƉƉŚϰƉƉŚϱƉƉŚϲƉƉŚϳƉƉŚϴƉƉŚ ϯϬйŽĨŵĞĚŝĂŶΨϮϲ͕ϰϬϬΨϯϬ͕ϭϱϬΨϯϯ͕ϵϯϬΨϯϳ͕ϲϴϬΨϰϬ͕ϳϭϬΨϰϯ͕ϳϭϬΨϰϲ͕ϳϰϬΨϰϵ͕ϳϰϬ ϰϬйŽĨŵĞĚŝĂŶΨϯϱ͕ϮϬϬΨϰϬ͕ϮϬϬΨϰϱ͕ϮϰϬΨϱϬ͕ϮϰϬΨϱϰ͕ϮϴϬΨϱϴ͕ϮϴϬΨϲϮ͕ϯϮϬΨϲϲ͕ϯϮϬ ϱϬйŽĨŵĞĚŝĂŶΨϰϰ͕ϬϬϬΨϱϬ͕ϮϱϬΨϱϲ͕ϱϱϬΨϲϮ͕ϴϬϬΨϲϳ͕ϴϱϬΨϳϮ͕ϴϱϬΨϳϳ͕ϵϬϬΨϴϮ͕ϵϬϬ ϲϬйŽĨŵĞĚŝĂŶΨϱϮ͕ϴϬϬΨϲϬ͕ϯϬϬΨϲϳ͕ϴϲϬΨϳϱ͕ϯϲϬΨϴϭ͕ϰϮϬΨϴϳ͕ϰϮϬΨϵϯ͕ϰϴϬΨϵϵ͕ϰϴϬ ϴϬйŽĨŵĞĚŝĂŶΨϳϬ͕ϰϬϬΨϴϬ͕ϰϬϬΨϵϬ͕ϰϴϬΨϭϬϬ͕ϰϴϬΨϭϬϴ͕ϱϲϬΨϭϭϲ͕ϱϲϬΨϭϮϰ͕ϲϰϬΨϭϯϮ͕ϲϰϬ ϭϬϬйŽĨŵĞĚŝĂŶΨϴϴ͕ϬϬϬΨϭϬϬ͕ϱϬϬΨϭϭϯ͕ϭϬϬΨϭϮϱ͕ϲϬϬΨϭϯϱ͕ϳϬϬΨϭϰϱ͕ϳϬϬΨϭϱϱ͕ϴϬϬΨϭϲϱ͕ϴϬϬ DĂǆŝŵƵŵ'ƌŽƐƐZĞŶƚ &&ϭZϮZϯZϰZ ϯϬйŽĨŵĞĚŝĂŶΨϲϲϬΨϳϬϲΨϴϰϴΨϵϳϵΨϭ͕ϬϵϮ ϰϬйŽĨŵĞĚŝĂŶΨϴϴϬΨϵϰϮΨϭ͕ϭϯϭΨϭ͕ϯϬϲΨϭ͕ϰϱϳ ϱϬйŽĨŵĞĚŝĂŶΨϭ͕ϭϬϬΨϭ͕ϭϳϴΨϭ͕ϰϭϯΨϭ͕ϲϯϯΨϭ͕ϴϮϭ ϲϬйŽĨŵĞĚŝĂŶΨϭ͕ϯϮϬΨϭ͕ϰϭϯΨϭ͕ϲϵϲΨϭ͕ϵϱϵΨϮ͕ϭϴϱ ϴϬйŽĨŵĞĚŝĂŶΨϭ͕ϳϲϬΨϭ͕ϴϴϱΨϮ͕ϮϲϮΨϮ͕ϲϭϯΨϮ͕ϵϭϰ ϭϬϬйŽĨŵĞĚŝĂŶΨϮ͕ϮϬϬΨϮ͕ϯϱϲΨϮ͕ϴϮϳΨϯ͕ϮϲϲΨϯ͕ϲϰϮ &ĂŝƌDĂƌŬĞƚZĞŶƚ &&ϭZϮZϯZϰZ &ĂŝƌDĂƌŬĞƚZĞŶƚΨϵϴϵΨϭ͕ϭϬϭΨϭ͕ϯϰϭΨϭ͕ϴϳϵΨϮ͕ϮϱϮ ^ŽƵƌĐĞƐ͗D,&͕,h͕EŽǀŽŐƌĂĚĂĐ͕DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϭϴϵ ϭϵϬ Ψϰ͕ϵϳϰ ΨϮ͕ϲϰϬΨϯ͕ϬϭϱΨϯ͕ϳϲϴΨϰ͕ϯϳϭ KŶĞͲďĞĚƌŽŽŵƉůƵƐĚĞŶĂŶĚƚǁŽͲďĞĚƌŽŽŵƉůƵƐĚĞŶƵŶŝƚƐĂƌĞĐůĂƐƐŝĨŝĞĚĂƐϭZĂŶĚϮZƵŶŝƚƐ͕ƌĞƐƉĞĐƚŝǀĞůǇ͘dŽďĞĐůĂƐƐŝĨŝĞĚĂƐĂďĞĚƌŽŽŵ͕ĂĚĞŶŵƵƐƚŚĂǀĞĂǁŝŶĚŽǁĂŶĚĐůŽƐĞƚ͘ DĂǆ͘ ϭϮϬй ͲͲͲͲͲ DŝŶ͘ ΨϮ͕ϮϬϬΨϮ͕ϲϰϬΨϮ͕ϱϭϯΨϮ͕ϲϰϬΨϯ͕ϭϰϬΨϯ͕ϬϭϱΨϯ͕ϲϰϯΨϯ͕ϯϵϯΨϰ͕ϭϰϱΨϯ͕ϳϲϴ DĂǆ͘ ϭϬϬй ͲͲͲͲͲ DŝŶ͘ Ψϭ͕ϳϲϬΨϮ͕ϮϬϬΨϮ͕ϬϭϬΨϮ͕ϮϬϬΨϮ͕ϱϭϮΨϮ͕ϱϭϯΨϮ͕ϵϭϰΨϮ͕ϴϮϴΨϯ͕ϯϭϲΨϯ͕ϭϰϬ DĂǆŝŵƵŵZĞŶƚĂƐĞĚŽŶ,ŽƵƐĞŚŽůĚ^ŝǌĞ;ΛϯϬйŽĨ/ŶĐŽŵĞͿ DĂǆ͘ Dy/DhDZEd^KE,Kh^,K>^/EZD/E/EKD ϴϬй ͲͲͲͲͲ DŝŶ͘ Ψϭ͕ϯϮϬΨϭ͕ϳϲϬΨϭ͕ϱϬϴΨϭ͕ϳϲϬΨϭ͕ϴϴϰΨϮ͕ϬϭϬΨϮ͕ϭϴϲΨϮ͕ϮϲϮΨϮ͕ϰϴϳΨϮ͕ϱϭϮ K>D^dKhEdzͲϮϬϮϱDĂǆ͘ ϲϬй ͲͲͲͲͲ d>,ͲϮ DŝŶ͘ ΨϮ͕ϬϳϯΨϭ͕ϴϴϰ Ψϭ͕ϭϬϬΨϭ͕ϯϮϬΨϭ͕ϮϱϲΨϭ͕ϯϮϬΨϭ͕ϱϳϬΨϭ͕ϱϬϴΨϭ͕ϴϮϭΨϭ͕ϲϵϳ DĂǆ͘ ϱϬй ͲͲͲͲͲ DŝŶ͘ Ψϭ͕ϬϵϯΨϭ͕ϰϭϰ ΨϲϲϬΨϭ͕ϭϬϬΨϳϱϰΨϭ͕ϭϬϬΨϵϰϮΨϭ͕ϮϱϲΨϭ͕ϮϰϰΨϭ͕ϱϳϬ ^ŽƵƌĐĞƐ͗,h͕EŽǀŽŐƌĂĚĂĐ͕DĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐ EŽƚĞ͗ϰͲƉĞƌƐŽŶKůŵƐƚĞĚŽƵŶƚǇD/ŝƐΨϭϮϱ͕ϲϬϬ;ϮϬϮϱͿ DĂǆ͘ ϯϬй Dy&/>Z^Z,ΘKE^h>d/E' ͲͲͲͲͲ DŝŶ͘ Ψϳϱϰ ΨϲϲϬΨϲϲϬΨϴϰϴΨϵϰϮ ,Kh^/E'&&KZ/>/dz DŝŶDĂǆ Ϯϰ ϭϭϭϮϯϲϰϴ ,,^ŝǌĞ ϭ hŶŝƚdǇƉĞ ^ƚƵĚŝŽ ϭZϮZ ϯZϰZ ϭ ,Kh^/E'&&KZ/>/dz dĂďůĞ,ͲϮŽŶƚŚĞƉƌĞǀŝŽƵƐƉĂŐĞƐŚŽǁƐƚŚĞŵĂǆŝŵƵŵƌĞŶƚƐďǇŚŽƵƐĞŚŽůĚƐŝǌĞĂŶĚD/ďĂƐĞĚ ŽŶŝŶĐŽŵĞůŝŵŝƚƐŝůůƵƐƚƌĂƚĞĚŝŶdĂďůĞ,Ͳϭ͘dŚĞƌĞŶƚƐŽŶdĂďůĞ,ͲϮĂƌĞďĂƐĞĚŽŶ,h͛Ɛ ĂůůŽĐĂƚŝŽŶƚŚĂƚŵŽŶƚŚůǇƌĞŶƚƐƐŚŽƵůĚŶŽƚĞǆĐĞĞĚϯϬйŽĨŝŶĐŽŵĞ͘/ŶĂĚĚŝƚŝŽŶ͕ƚŚĞƚĂďůĞƌĞĨůĞĐƚƐ ŵĂǆŝŵƵŵŚŽƵƐĞŚŽůĚƐŝǌĞďĂƐĞĚŽŶ,hŐƵŝĚĞůŝŶĞƐŽĨŶƵŵďĞƌŽĨƉĞƌƐŽŶƐƉĞƌƵŶŝƚ͘&ŽƌĞĂĐŚ ĂĚĚŝƚŝŽŶĂůďĞĚƌŽŽŵ͕ƚŚĞŵĂǆŝŵƵŵŚŽƵƐĞŚŽůĚƐŝǌĞŝŶĐƌĞĂƐĞƐďǇƚǁŽƉĞŽƉůĞ EĂƚƵƌĂůůǇͲ KĐĐƵƌƌŝŶŐīŽƌĚĂďůĞ,ŽƵƐŝŶŐ ůƚŚŽƵŐŚĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐŝƐƚǇƉŝĐĂůůǇĂƐƐŽĐŝĂƚĞĚǁŝƚŚĂŶŝŶĐŽŵĞͲƌĞƐƚƌŝĐƚĞĚƉƌŽƉĞƌƚǇ͕ƚŚĞƌĞ ĂƌĞŽƚŚĞƌŚŽƵƐŝŶŐƵŶŝƚƐŝŶĐŽŵŵƵŶŝƚŝĞƐƚŚĂƚŝŶĚŝƌĞĐƚůǇƉƌŽǀŝĚĞĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐ͘,ŽƵƐŝŶŐ ƵŶŝƚƐƚŚĂƚǁĞƌĞŶŽƚĚĞǀĞůŽƉĞĚŽƌĚĞƐŝŐŶĂƚĞĚǁŝƚŚŝŶĐŽŵĞŐƵŝĚĞůŝŶĞƐ;ŝ͘Ğ͘ĂƐƐŝƐƚĞĚͿǇĞƚĂƌĞŵŽƌĞ ĂĨĨŽƌĚĂďůĞƚŚĂŶŽƚŚĞƌƵŶŝƚƐŝŶĂĐŽŵŵƵŶŝƚǇĂƌĞĐŽŶƐŝĚĞƌĞĚ͞ŶĂƚƵƌĂůůǇͲŽĐĐƵƌƌŝŶŐ͟Žƌ ͞ƵŶƐƵďƐŝĚŝǌĞĚĂĨĨŽƌĚĂďůĞ͟ƵŶŝƚƐ͘dŚŝƐƌĞŶƚĂůƐƵƉƉůǇŝƐĂǀĂŝůĂďůĞƚŚƌŽƵŐŚƚŚĞƉƌŝǀĂƚĞŵĂƌŬĞƚ͕ ǀĞƌƐƵƐĂƐƐŝƐƚĞĚŚŽƵƐŝŶŐƉƌŽŐƌĂŵƐƚŚƌŽƵŐŚǀĂƌŝŽƵƐŐŽǀĞƌŶŵĞŶƚĂůĂŐĞŶĐŝĞƐ͘WƌŽƉĞƌƚǇǀĂůƵĞƐŽŶ ƚŚĞƐĞƵŶŝƚƐĂƌĞůŽǁĞƌďĂƐĞĚŽŶĂĐŽŵďŝŶĂƚŝŽŶŽĨĨĂĐƚŽƌƐ͕ƐƵĐŚĂƐ͗ĂŐĞŽĨƐƚƌƵĐƚƵƌĞͬŚŽƵƐŝŶŐ ƐƚŽĐŬ͕ůŽĐĂƚŝŽŶ͕ĐŽŶĚŝƚŝŽŶ͕ƐŝǌĞ͕ĨƵŶĐƚŝŽŶĂůůǇŽďƐŽůĞƚĞ͕ƐĐŚŽŽůĚŝƐƚƌŝĐƚ͕ĞƚĐ͘ĞĐĂƵƐĞŽĨƚŚĞƐĞ ĨĂĐƚŽƌƐ͕ŚŽƵƐŝŶŐĐŽƐƚƐƚĞŶĚƚŽďĞůŽǁĞƌ͘ ĐĐŽƌĚŝŶŐƚŽƚŚĞ:ŽŝŶƚĞŶƚĞƌĨŽƌ,ŽƵƐŝŶŐ^ƚƵĚŝĞƐŽĨ,ĂƌǀĂƌĚhŶŝǀĞƌƐŝƚǇ͕ƚŚĞƉƌŝǀĂƚĞůǇ ƵŶƐƵďƐŝĚŝǌĞĚŚŽƵƐŝŶŐƐƚŽĐŬƐƵƉƉůŝĞƐƚŚƌĞĞƚŝŵĞƐĂƐŵĂŶǇůŽǁͲĐŽƐƚĂĨĨŽƌĚĂďůĞƵŶŝƚƐƚŚĂŶ ĂƐƐŝƐƚĞĚƉƌŽũĞĐƚƐŶĂƚŝŽŶǁŝĚĞ͘hŶůŝŬĞĂƐƐŝƐƚĞĚƌĞŶƚĂůĚĞǀĞůŽƉŵĞŶƚƐ͕ŵŽƐƚƵŶƐƵďƐŝĚŝǌĞĚ ĂĨĨŽƌĚĂďůĞƵŶŝƚƐĂƌĞƐĐĂƚƚĞƌĞĚĂĐƌŽƐƐƐŵĂůůƉƌŽƉĞƌƚŝĞƐ;ŽŶĞƚŽĨŽƵƌͲƵŶŝƚƐƚƌƵĐƚƵƌĞƐͿŽƌŝŶŽůĚĞƌ ŵƵůƚŝĨĂŵŝůǇƐƚƌƵĐƚƵƌĞƐ͘DĂŶǇŽĨƚŚĞƐĞŽůĚĞƌĚĞǀĞůŽƉŵĞŶƚƐĂƌĞǀƵůŶĞƌĂďůĞƚŽƌĞĚĞǀĞůŽƉŵĞŶƚ ĚƵĞƚŽƚŚĞŝƌĂŐĞ͕ŵŽĚĞƐƚƌĞŶƚƐ͕ĂŶĚĚĞĨĞƌƌĞĚŵĂŝŶƚĞŶĂŶĐĞ͘ ĞĐĂƵƐĞŵĂŶǇŽĨƚŚĞƐĞŚŽƵƐŝŶŐƵŶŝƚƐŚĂǀĞĂĨĨŽƌĚĂďůĞƌĞŶƚƐ͕ƉƌŽũĞĐƚͲďĂƐĞĚĂŶĚƉƌŝǀĂƚĞŚŽƵƐŝŶŐ ŵĂƌŬĞƚƐĐĂŶŶŽƚďĞĞĂƐŝůǇƐĞƉĂƌĂƚĞĚ͘^ŽŵĞŚŽƵƐĞŚŽůĚƐ;ƚǇƉŝĐĂůůǇƚŚŽƐĞǁŝƚŚŚŽƵƐĞŚŽůĚŝŶĐŽŵĞƐ ŽĨϱϬйƚŽϲϬйD/ͿŝŶĐŽŵĞͲƋƵĂůŝĨǇĨŽƌďŽƚŚŵĂƌŬĞƚƌĂƚĞĂŶĚƉƌŽũĞĐƚͲďĂƐĞĚĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐ͘ ZĞŶƚĂůīŽƌĚĂďŝůŝƚǇďǇĞĚƌŽŽŵdǇƉĞ dĂďůĞ,Ͳ ϯƐŚŽǁƐƚŚĞĂǀĞƌĂŐĞŵĂƌŬĞƚƌĂƚĞƌĞŶƚƐďǇƵŶŝƚƚǇƉĞĂŶĚƚŚĞƉƌŽƉŽƌƟŽŶŽĨKůŵƐƚĞĚ ŽƵŶƚǇDĂƌŬĞƚƌĞĂƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐƚŚĂƚĐŽƵůĚĂīŽƌĚƚŚĞŵŽŶƚŚůǇƌĞŶƚƐ͘DŽŶƚŚůǇƌĞŶƚƐĂƌĞ ďĂƐĞĚŽŶĂϯϬйĂůůŽĐĂƟŽŶŽĨŚŽƵƐĞŚŽůĚŝŶĐŽŵĞƚŽŚŽƵƐŝŶŐĐŽƐƚƐĂŶĚƋƵŽƚĞĚŵĂƌŬĞƚƌĂƚĞƌĞŶƚĂů ƌĂƚĞƐĂƌĞƐŚŽǁŶĨŽƌZŽĐŚĞƐƚĞƌĂŶĚƚŚĞZĞŵĂŝŶĚĞƌŽĨKůŵƐƚĞĚŽƵŶƚǇ͘<ĞǇĮŶĚŝŶŐƐĨƌŽŵƚŚĞ ƚĂďůĞĨŽůůŽǁ͘ ĐƌŽƐƐĂůůŵĂƌŬĞƚƌĂƚĞƌĞŶƚĂůƵŶŝƚƐ͕ĂďŽƵƚϰϯ͘ϱйŽĨĞǆŝƐƟŶŐƌĞŶƚĞƌƐĐĂŶĂīŽƌĚƚŚĞĂǀĞƌĂŐĞ x ŵĂƌŬĞƚƌĂƚĞŵŽŶƚŚůǇƌĞŶƚƐŝŶZŽĐŚĞƐƚĞƌǁŝƚŚŽƵƚďĞŝŶŐĐŽƐƚďƵƌĚĞŶĞĚ;ŝ͘Ğ͘ƐƉĞŶĚŝŶŐŵŽƌĞ ƚŚĂŶϯϬйŽĨŝŶĐŽŵĞŽŶŚŽƵƐŝŶŐͿ͘ƵĞƚŽůŽǁĞƌƌĞŶƚƐŽƵƚƐŝĚĞŽĨZŽĐŚĞƐƚĞƌ͕ĂŶĞƐƟŵĂƚĞĚ ϱϱйŽĨĞǆŝƐƟŶŐƌĞŶƚĞƌƐĐĂŶĂīŽƌĚƚŚĞĂǀĞƌĂŐĞŵĂƌŬĞƚƌĞŶƚƐ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϭϵϭ ,Kh^/E'&&KZ/>/dz dŚĞŶƵŵďĞƌŽĨŝŶĐŽŵĞͲ ƋƵĂůŝĮĞĚƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐĚĞĐƌĞĂƐĞƐǁŝƚŚĞĂĐŚůĂƌŐĞƌƵŶŝƚĂƐƌĞŶƚƐ x ŝŶĐƌĞĂƐĞ͘dŚĞĨŽůůŽǁŝŶŐƉĞƌĐĞŶƚĂŐĞŽĨŚŽƵƐĞŚŽůĚƐĐĂŶĂīŽƌĚĞĂĐŚďĞĚƌŽŽŵƚǇƉĞŝŶ ZŽĐŚĞƐƚĞƌ͘ йZĞŶƚĞƌ,,Ɛ hŶŝƚdǇƉĞtŚŽĂŶīŽƌĚ ^ƚƵĚŝŽͬĨĨŝĐŝĞŶĐǇϱϮ͘ϱй KŶĞͲĞĚƌŽŽŵϰϳ͘ϯй dǁŽͲĞĚƌŽŽŵϰϭ͘ϴй dŚƌĞĞͲĞĚƌŽŽŵϯϱ͘ϰй DĂƌŬĞƚZĂƚĞZĞŶƚĨĨŽƌĚĂďŝůƚǇďǇĞĚƌŽŽŵdǇƉĞ ĨŽƌhŶŝƚƐKƵƚƐŝĚĞŽĨZŽĐŚĞƐƚĞƌ Ψϭ͕ϲϬϬϵϬ͘Ϭй ϴϭ͘ϯй ϴϬ͘Ϭй Ψϭ͕ϰϬϬ ϳϱ͘ϯй ϳϬ͘Ϭй Ψϭ͕ϮϬϬ ϲϮ͘ϴй WĐƚ͘/ŶĐŽŵĞYƵĂůŝĨŝĞĚ ϲϬ͘Ϭй ϱϰ͘ϳй ϱϮ͘ϲй Ψϭ͕ϬϬϬ DŽŶƚŚůǇZĞŶƚ ϱϬ͘Ϭй ΨϴϬϬ ϰϬ͘Ϭй ΨϲϬϬ ϯϬ͘Ϭй ΨϰϬϬ ϮϬ͘Ϭй Ψϭ͕ϭϵϮΨϭ͕ϯϵϱΨϭ͕ϭϲϯ ΨϮϬϬ ϭϬ͘Ϭй ΨϱϱϬΨϵϲϬ ΨϬϬ͘Ϭй ^ƚƵĚŝŽͬĨĨŝĐŝĞŶĐǇϭZϮZϯZůůhŶŝƚƐ ǀĞƌĂŐĞDZZĞŶƚWĐƚ͘ŽĨZĞŶƚĞƌ,,^/ŶĐŽŵĞYƵĂů͘ d>,Ͳϯ ,Kh^,K>/EKDEdK&&KZsZ'DZ<dZdZEd K>D^dKhEdzDZ<dZ ϮϬϮϱ ,,/ŶĐŽŵĞWĐƚ͘ŽĨZĞŶƚĞƌDĂƌŬĞƚƌĞĂ hŶŝƚdǇƉĞǀĞƌĂŐĞDZZĞŶƚEĞĞĚĞĚƚŽĨĨŽƌĚ,,^ƚŚĂƚĐĂŶĨĨŽƌĚΎ KƵƚƐŝĚĞKƵƚƐŝĚĞKƵƚƐŝĚĞ ZŽĐŚĞƐƚĞƌZŽĐŚĞƐƚĞƌZŽĐŚĞƐƚĞƌZŽĐŚĞƐƚĞƌZŽĐŚĞƐƚĞƌZŽĐŚĞƐƚĞƌ ^ƚƵĚŝŽͬĨĨŝĐŝĞŶĐǇΨϱϱϬΨϭ͕ϮϭϳΨϮϮ͕ϬϬϬΨϰϴ͕ϲϴϬϴϭ͘ϯйϱϮ͘ϱй ϭZΨϵϲϬΨϭ͕ϯϲϲΨϯϴ͕ϰϬϬΨϱϰ͕ϲϰϬϳϱ͘ϯйϰϳ͘ϯй ϭZнĞŶͲͲΨϭ͕ϳϱϮͲͲΨϳϬ͕ϬϴϬͲͲϯϰ͘ϲй ϮZΨϭ͕ϭϵϮΨϭ͕ϱϲϰΨϰϳ͕ϲϴϬΨϲϮ͕ϱϲϬϱϮ͘ϲйϰϬ͘ϴй ϮZнĞŶͲͲΨϮ͕ϴϲϰͲͲΨϭϭϰ͕ϱϲϬͲͲϭϱ͘ϲй ϯZΨϭ͕ϯϵϱΨϭ͕ϳϯϬΨϱϱ͕ϴϬϬΨϲϵ͕ϮϬϬϲϮ͘ϴйϯϱ͘ϰй ϯZнĞŶͬϰZͲͲΨϭ͕ϲϮϴͲͲΨϲϱ͕ϭϮϬͲͲϯϴ͘ϳй ůůhŶŝƚƐΨϭ͕ϭϲϯΨϭ͕ϰϴϮΨϰϲ͕ϱϮϬΨϱϵ͕ϮϴϬϱϰ͘ϳйϰϯ͘ϱй ΎĂƐĞĚŽŶϮϬϮϯƌĞŶƚĞƌŝŶĐŽŵĞƐ;h^ĞŶƐƵƐŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ^ƵƌǀĞǇͿĂĚũƵƐƚĞĚƚŽĐƵƌƌĞŶƚǇĞĂƌ͘ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϭϵϮ ,Kh^/E'&&KZ/>/dz tŚĞŶǁĞĐŽŵƉĂƌĞƚŚĞŝƚǇŽĨZŽĐŚĞƐƚĞƌƚŽƚŚŽƐĞƵŶŝƚƐŝŶƚŚĞƐƵƌƌŽƵŶĚŝŶŐĐŽŵŵƵŶŝƟĞƐ͕ƚŚĞ x ŶƵŵďĞƌŽĨŝŶĐŽŵĞͲ 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ϲϲйŝŶϮϬϭϯƚŽϰϲйŝŶϮϬϮϬ͘KŶĞͲďĞĚƌŽŽŵƵŶŝƚƐŚĂƐĚĞĐƌĞĂƐĞĚĨƌŽŵϱϲйƚŽϰϯй͕ƚǁŽͲ ďĞĚƌŽŽŵƵŶŝƚƐĨƌŽŵϰϮйƚŽϯϭй͕ĂŶĚƚŚƌĞĞͲďĞĚƌŽŽŵƵŶŝƚƐĨƌŽŵϯϯйƚŽϮϵй ,ŽŵĞKǁŶĞƌƐŚŝƉĂŶĚZĞŶƚĂůīŽƌĚĂďŝůŝƚǇďǇ^ƵďŵĂƌŬĞƚ dĂďůĞ,ͲϰƐŚŽǁƐƚŚĞĂǀĞƌĂŐĞƐĂůĞƐƉƌŝĐĞŽĨĂŚŽŵĞŝŶϮϬϮϰďǇKůŵƐƚĞĚŽƵŶƚǇƐƵďŵĂƌŬĞƚĂŶĚ ƚŚĞŵŝŶŝŵƵŵŚŽƵƐĞŚŽůĚŝŶĐŽŵĞŶĞĞĚĞĚƚŽƉƵƌĐŚĂƐĞĂŚŽŵĞ͘WƌŝŽƌƚŽƚŚĞ'ƌĞĂƚZĞĐĞƐƐŝŽŶĂŶĚ ŚŽƵƐŝŶŐďƵƐƚ͕ĂŚŽƵƐĞŚŽůĚĐŽƵůĚĂĨĨŽƌĚƚŽƉƵƌĐŚĂƐĞĂŚŽŵĞŽĨĂďŽƵƚƚŚƌĞĞƚŝŵĞƐƚŚĞŝƌŐƌŽƐƐ ŝŶĐŽŵĞ͘,ŽǁĞǀĞƌ͕ĚƵĞƚŽƚŚĞƌĞĐŽƌĚůŽǁŵŽƌƚŐĂŐĞƌĂƚĞƐ͕ĂĨĨŽƌĚĂďŝůŝƚǇŚĂƐŝŶĐƌĞĂƐĞĚ͕ĂŶĚƚŚĞ ƉƵƌĐŚĂƐŝŶŐƉŽǁĞƌŝƐŚŝŐŚĞƌ;ĨƌŽŵϯ͘ϬƚŽϯ͘ϱƚŝŵĞƐŐƌŽƐƐŝŶĐŽŵĞͿ͘WƵƌĐŚĂƐŝŶŐƉŽǁĞƌŚĂƐƐŝŶĐĞ ĚĞĐƌĞĂƐĞĚƐŝŶĐĞϮϬϮϮǁŝƚŚƌŝƐŝŶŐŵŽƌƚŐĂŐĞƌĂƚĞƐ͘ WůĞĂƐĞŶŽƚĞƚŚĂƚdĂďůĞ,ͲϰĚŽĞƐŶŽƚĐŽŶƐŝĚĞƌƐƚƌŝĐƚƵŶĚĞƌǁƌŝƚŝŶŐĐƌŝƚĞƌŝĂĨŽƌŚŽŵĞƉƵƌĐŚĂƐĞƐ ;ŝ͘Ğ͘ĐƌĞĚŝƚƐĐŽƌĞƐ͕ĚŽǁŶƉĂǇŵĞŶƚ͕ůĞŶŐƚŚŽĨĞŵƉůŽǇŵĞŶƚ͕ĞƚĐ͘Ϳ͘ĞĐĂƵƐĞŽĨƌĂƚŚĞƌƐƚƌŝĐƚůĞŶĚĞƌ Dy&/>Z^Z,ΘKE^h>d/E'ϭϵϯ ,Kh^/E'&&KZ/>/dz ŐƵŝĚĞůŝŶĞƐƚŚĂƚƚŝŐŚƚĞŶĞĚĂĨƚĞƌƚŚĞKs/ͲϭϵƉĂŶĚĞŵŝĐĂŶĚĂƐƚƌŽŶŐƌĞƐĂůĞŵĂƌŬĞƚ͖ŶŽƚĂůů ŽǁŶĞƌŚŽƵƐĞŚŽůĚƐǁŝůůĨŝŶĂŶĐŝĂůůǇƋƵĂůŝĨǇ͘dŚĞƚĂďůĞĂůƐŽŝůůƵƐƚƌĂƚĞƐƚŚĞŶƵŵďĞƌŽĨŝŶĐŽŵĞͲ 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ϲϯ͘ϳй ΨϭϮϯ͕ϯϴϮ ϱϲ͘Ϭй ϱϲ͘Ϯй ϲϬ͘Ϭй ΨϭϬϬ͕ϬϬϬ ϰϵ͘ϲй ϱϬ͘Ϭй ϰϳ͘ϯй ΨϭϬϱ͕ϬϯϮ ΨϭϬϰ͕ϳϭϱ ΨϵϬ͕ϭϴϮ ,,/ŶĐŽŵĞ ΨϴϬ͕ϬϬϬ Ψϴϱ͕ϳϳϮ Ψϭϭϴ͕ϲϮϳ ϰϬ͘Ϭй Ψϳϵ͕ϱϲϱ WĐƚ͘ ΨϲϬ͕ϬϬϬ ϯϬ͘Ϭй ΨϰϬ͕ϬϬϬ ϮϬ͘Ϭй ΨϮϬ͕ϬϬϬ ϭϬ͘Ϭй ΨϬϬ͘Ϭй ǇƌŽŶŚĂƚĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌ^ƚĞǁĂƌƚǀŝůůĞKůŵƐƚĞĚD ƌĞĂΎǀŐ͘ ,,/ŶĐŽŵĞEĞĞĚĞĚƚŽĨĨŽƌĚǀŐ͘,ŽŵĞWĐƚ͘KǁŶĞƌ,,ƐǁŚŽĐĂŶĂĨĨŽƌĚ Dy&/>Z^Z,ΘKE^h>d/E'ϭϵϰ ,Kh^/E'&&KZ/>/dz ĞĐĂƵƐĞŚŽŵĞŽǁŶĞƌŝŶĐŽŵĞƐĂƌĞŐƌĞĂƚĞƌƚŚĂŶƌĞŶƚĞƌŝŶĐŽŵĞƐ͕ĂŚŝŐŚĞƌƉĞƌĐĞŶƚĂŐĞŽĨ x ŚŽƵƐĞŚŽůĚƐĐĂŶĂĨĨŽƌĚƚŚĞĂǀĞƌĂŐĞŚŽŵĞƉƌŝĐĞƚŚĂŶĂǀĞƌĂŐĞŵĂƌŬĞƚƌĞŶƚĂƐϰϰйŽĨƌĞŶƚĞƌ ŚŽƵƐĞŚŽůĚƐĐĂŶĂĨĨŽƌĚƚŚĞĂǀĞƌĂŐĞŵŽŶƚŚůǇƌĞŶƚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘ ďŽƵƚϯϮйŽĨƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐŝŶƚŚĞZŽĐŚĞƐƚĞƌƌĞĂĐĂŶĂĨĨŽƌĚƚŚĞĂǀĞƌĂŐĞŵĂƌŬĞƚƌĂƚĞ x ƌĞŶƚ;Ψϭ͕ϴϭϬͿ͘tŚĞƌĞĂƐĂďŽƵƚϳϯйŽĨƌĞŶƚĞƌƐŝŶƚŚĞŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚĐĂŶĂĨĨŽƌĚƚŚĞ ĂǀĞƌĂŐĞŵĂƌŬĞƚƌĂƚĞƌĞŶƚ;ΨϳϯϬͿ͘ tŚŝůĞƚŚĞĚĞĐƌĞĂƐĞŝŶƚŚĞƉĞƌĐĞŶƚĂŐĞŽĨƚŚĞŽǁŶĞƌŚŽƵƐĞŚŽůĚƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇ x DĂƌŬĞƚƌĞĂĨƌŽŵƚŚĞƉƌĞǀŝŽƵƐƌĞƉŽƌƚ;ϮϬϮϬͿǁŚŽĐŽƵůĚĂĨĨŽƌĚƚŚĞĂǀĞƌĂŐĞƌĞŶƚǁĂƐ ƐŝŐŶŝĨŝĐĂŶƚĂĐƌŽƐƐĂůůƐƵďŵĂƌŬĞƚƐ͕ƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐĞǆƉĞƌŝĞŶĐĞĚƚŚĞŝŶǀĞƌƐĞƌĞĂĐƚŝŽŶ͘ 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ŐŽǀĞƌŶŵĞŶƚƉĂǇƐƚŚĞƌĞŵĂŝŶĚĞƌŽĨƚŚĞƌĞŶƚƚŽƚŚĞůĂŶĚůŽƌĚ͘dŚĞŵĂǆŝŵƵŵŝŶĐŽŵĞůŝŵŝƚƚŽďĞ ĞůŝŐŝďůĞĨŽƌĂ,ŽƵƐŝŶŐŚŽŝĐĞsŽƵĐŚĞƌŝƐϱϬйD/ďĂƐĞĚŽŶŚŽƵƐĞŚŽůĚƐŝǌĞ͕ĂƐƐŚŽǁŶŝŶƚĂďůĞŽŶ ƉĂŐĞ,Ͳϳ͘ ƵƌƌĞŶƚůǇ͕ƚŚĞ,ZĂĚŵŝŶŝƐƚĞƌƐĂƉƉƌŽǆŝŵĂƚĞůǇϲϮϬ,ŽƵƐŝŶŐŚŽŝĐĞsŽƵĐŚĞƌƐŝŶKůŵƐƚĞĚŽƵŶƚǇ ĂŶĚϵϬǀŽƵĐŚĞƌƐƉŽƌƚŝŶŐŝŶƚŽƚŚĞĐŽƵŶƚǇ͘WŽƌƚĂďŝůŝƚǇĐůŝĞŶƚƐĂƌĞŚŽƵƐĞŚŽůĚƐǁŚŽŚŽůĚĂ,ŽƵƐŝŶŐ ŚŽŝĐĞsŽƵĐŚĞƌŝƐƐƵĞĚĨƌŽŵĂŶŽƚŚĞƌũƵƌŝƐĚŝĐƚŝŽŶďƵƚŚĂǀĞĐŚŽƐĞŶƚŽůŝǀĞŝŶKůŵƐƚĞĚŽƵŶƚǇ͘ dŚĞĐƵƌƌĞŶƚǁĂŝƚŝŶŐůŝƐƚĨŽƌƚŚĞ,ŽƵƐŝŶŐŚŽŝĐĞsŽƵĐŚĞƌƉƌŽŐƌĂŵŝƐĐůŽƐĞĚĨŽƌŶĞǁƉƌĞͲ ĂƉƉůŝĐĂƚŝŽŶƐĂŶĚƚŚĞ,ZŝƐǁŽƌŬŝŶŐŽĨĨƚŚĞϮϬϭϵǁĂŝƚůŝƐƚ͘/ŶϮϬϮϰ͕ϭϭϳĐůŝĞŶƚƐƐƚĂƌƚĞĚŽŶƚŚĞ ƉƌŽŐƌĂŵĂŶĚϴϵĐůŝĞŶƚƐĞŶĚĞĚƉĂƌƚŝĐŝƉĂƚŝŽŶŝŶƚŚĞƉƌŽŐƌĂŵ͘ ƚƉƌĞƐĞŶƚ͕ŽŶůǇϭϵǀŽƵĐŚĞƌƐĂƌĞďĞŝŶŐƵƚŝůŝǌĞĚŽƵƚƐŝĚĞŽĨƚŚĞŝƚǇŽĨZŽĐŚĞƐƚĞƌ͘dŚƵƐŽǀĞƌϵϱй ŽĨĂĐƚŝǀĞǀŽƵĐŚĞƌƐŝŶƚŚĞĐŽƵŶƚǇĂŶĚůŽĐĂƚĞĚŝŶZŽĐŚĞƐƚĞƌƉƌŽƉĞƌ͘ d>,Ͳϳ sZ',Kh^/E'sKh,Z^zzZ K>D^dKhEdz ϮϬϮϬƚŽϮϬϮϱ ϮϬϮϬϮϬϮϭϮϬϮϮϮϬϮϯϮϬϮϰϮϬϮϱ sŽƵĐŚĞƌƐ ϱϯϵϱϱϮϲϯϭϲϮϱϲϭϵϲϮϭ sŽƵĐŚĞƌƐWŽƌƚͲ/Ŷ ϳϬϴϲϱϲϳϴϴϵϵϬ ^ŽƵƌĐĞ͗KůŵƐƚĞĚŽƵŶƚǇ,Z͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ,ŽƵƐŝŶŐŽƐƚƐĂƐWĞƌĐĞŶƚĂŐĞŽĨ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞ ,ŽƵƐŝŶŐĐŽƐƚƐĂƌĞŐĞŶĞƌĂůůǇĐŽŶƐŝĚĞƌĞĚĂĨĨŽƌĚĂďůĞĂƚϯϬйŽĨĂŚŽƵƐĞŚŽůĚĂĚũƵƐƚĞĚŐƌŽƐƐ ŝŶĐŽŵĞ͘dĂďůĞ,ͲϵŽŶƉĂŐĞͲͲŝůůƵƐƚƌĂƚĞƐŬĞǇŚŽƵƐŝŶŐŵĞƚƌŝĐƐďĂƐĞĚŽŶŚŽƵƐŝŶŐĐŽƐƚƐĂŶĚ ŚŽƵƐĞŚŽůĚŝŶĐŽŵĞƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘dŚĞƚĂďůĞĞƐƚŝŵĂƚĞƐƚŚĞƉĞƌĐĞŶƚĂŐĞŽĨ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŚŽƵƐĞŚŽůĚĞƌƐƚŚĂƚĐĂŶĂĨĨŽƌĚƌĞŶƚĂůĂŶĚĨŽƌͲƐĂůĞŚŽƵƐŝŶŐďĂƐĞĚŽŶ ĂϯϬйĂůůŽĐĂƚŝŽŶŽĨŝŶĐŽŵĞƚŽŚŽƵƐŝŶŐ͘,ŽƵƐŝŶŐĐŽƐƚƐĂƌĞďĂƐĞĚŽŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚ Dy&/>Z^Z,ΘKE^h>d/E'ϮϬϭ ,Kh^/E'&&KZ/>/dz ƌĞĂĂǀĞƌĂŐĞ͘dĂďůĞ,ͲϴŽŶƚŚĞĨŽůůŽǁŝŶŐƉĂŐĞƉƌŽǀŝĚĞƐĂĐŽŵƉĂƌŝƐŽŶŽĨdĂďůĞ,ͲϵĨƌŽŵƚŚĞ ƉƌĞǀŝŽƵƐƐƚƵĚǇĐŽŵƉůĞƚĞĚŝŶϮϬϮϬƚŽƚŚŝƐϮϬϮϱƐƚƵĚǇ͘ dŚĞŚŽƵƐŝŶŐĂĨĨŽƌĚĂďŝůŝƚǇĐĂůĐƵůĂƚŝŽŶƐĂƐƐƵŵĞƚŚĞĨŽůůŽǁŝŶŐ͗ &ŽƌͲ^ĂůĞ,ŽƵƐŝŶŐ ϭϬйĚŽǁŶƉĂǇŵĞŶƚǁŝƚŚŐŽŽĚĐƌĞĚŝƚƐĐŽƌĞ ůŽƐŝŶŐĐŽƐƚƐƌŽůůĞĚŝŶƚŽŵŽƌƚŐĂŐĞ ϯϬͲǇĞĂƌŵŽƌƚŐĂŐĞĂƚϲ͘ϲϮϱйŝŶƚĞƌĞƐƚƌĂƚĞ WƌŝǀĂƚĞŵŽƌƚŐĂŐĞŝŶƐƵƌĂŶĐĞ;ĞƋƵŝƚǇŽĨůĞƐƐƚŚĂŶϮϬйͿ ,ŽŵĞŽǁŶĞƌƐŝŶƐƵƌĂŶĐĞĨŽƌƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞƐĂŶĚĂƐƐŽĐŝĂƚŝŽŶĚƵĞƐĨŽƌƚŽǁŶŚŽŵĞƐ KǁŶĞƌŚŽƵƐĞŚŽůĚŝŶĐŽŵĞƉĞƌϮϬϮϯ^ĂĚũƵƐƚĞĚƚŽĐƵƌƌĞŶƚϮϬϮϱĞƐƚŝŵĂƚĞƐ͘ ZĞŶƚĂů,ŽƵƐŝŶŐ ĂĐŬŐƌŽƵŶĚĐŚĞĐŬŽŶƚĞŶĂŶƚƚŽĞŶƐƵƌĞĐƌĞĚŝƚŚŝƐƚŽƌǇ ϯϬйĂůůŽĐĂƚŝŽŶŽĨŝŶĐŽŵĞ ZĞŶƚĞƌŚŽƵƐĞŚŽůĚŝŶĐŽŵĞƉĞƌϮϬϮϯ^ĂĚũƵƐƚĞĚƚŽĐƵƌƌĞŶƚϮϬϮϱĞƐƚŝŵĂƚĞƐ͘ dŚĞĞƐƟŵĂƚĞĚŵĞĚŝĂŶŝŶĐŽŵĞŽĨĂůůKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŚŽƵƐĞŚŽůĚƐŝŶϮϬϮ ϱŝƐĂďŽƵƚ x ΨϵϮ͕ϱϭϵ͘,ŽǁĞǀĞƌ͕ƚŚĞŵĞĚŝĂŶŝŶĐŽŵĞǀĂƌŝĞƐďǇƚĞŶƵƌĞ͘ĐĐŽƌĚŝŶŐƚŽƚŚĞϮϬϮϯŵĞƌŝĐĂŶ ŽŵŵƵŶŝƚǇ^ƵƌǀĞǇ͕ƚŚĞŵĞĚŝĂŶŝŶĐŽŵĞŽĨĂŚŽŵĞŽǁŶĞƌŝƐΨϭϭϳ͕ϲϭϯĐŽŵƉĂƌĞĚƚŽΨϱϮ͕ϴϯϯĨŽƌ ƌĞŶƚĞƌƐ͘ dĂďůĞ,ͲϴďĞůŽǁƐŚŽǁƐƚŚĞĐŽŵƉĂƌŝƐŽŶŽĨĂīŽƌĚĂďŝůŝƚǇĨƌŽŵƚŚĞϮϬϮϬƐƚƵĚǇĐŽŵƉĂƌĞĚƚŽƚŚĞ x ƉƌĞƐĞŶƚϮϬϮϱƐƚƵĚǇ͘ƵĞƚŽƚŚĞƌŝƐŝŶŐĐŽŶƐƚƌƵĐƟŽŶĂŶĚůĂďŽƌĐŽƐƚƐĂůŽŶŐǁŝƚŚƚŚĞƌĂƉŝĚŝŶŇĂƟŽŶŽĨ ĞǆŝƐƟŶŐĨŽƌ ͲƐĂůĞŚŽŵĞƐƉƌŝĐĞƐƐŝŶĐĞϮϬϮϬ͕dŚĞƉĞƌĐĞŶƚŽĨKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŚŽƵƐĞŚŽůĚƐ ƚŚĂƚĐĂŶĂīŽƌĚĂůůƚǇƉĞƐŽĨĨŽƌ Ͳ ƐĂůĞŚŽƵƐŝŶŐŚĂƐĚĞĐůŝŶĞĚƐŝŐŶŝĮĐĂŶƚůǇ͘ d>,Ͳϴ ,Kh^/E'&&KZ/>/dzKDWZ/^KE ϮϬϮϬ^dhzǀƐ͘ϮϬϮϱ^dhz K>D^dKhEdzDZ<dZ &KZͲ^>,Kh^/E' ^ŝŶŐůĞͲ&ĂŵŝůǇdŽǁŶŚŽŵĞͬdǁŝŶŚŽŵĞͬŽŶĚŽ ŶƚƌǇͲ>ĞǀĞůDŽǀĞͲhƉǆĞĐƵƚŝǀĞŶƚƌǇͲ>ĞǀĞůDŽǀĞͲhƉǆĞĐƵƚŝǀĞ ϮϬϮϬϮϬϮϱϮϬϮϬϮϬϮϱϮϬϮϬϮϬϮϱϮϬϮϬϮϬϮϱϮϬϮϬϮϬϮϱϮϬϮϬϮϬϮϱ йŽĨ,,^ǁŚŽĐĂŶĂĨĨŽƌĚ ΨϮϱϬ͕ϬϬϬΨϯϬϬ͕ϬϬϬΨϯϱϬ͕ϬϬϬΨϰϱϬ͕ϬϬϬΨϱϳϱ͕ϬϬϬΨϳϱϬ͕ϬϬϬΨϭϱϬ͕ϬϬϬΨϮϱϬ͕ϬϬϬΨϮϱϬ͕ϬϬϬΨϰϬϬ͕ϬϬϬΨϯϱϬ͕ϬϬϬΨϲϬϬ͕ϬϬϬ >>KůŵƐƚĞĚƚǇ͘D ϲϲ͘ϲйϰϳ͘ϬйϱϬ͘ϰйϯϬ͘ϵйϮϯ͘ϯйϭϮ͘ϱйϳϴ͘ϰйϱϲ͘ϱйϲϰ͘ϲйϯϲ͘ϳйϰϵ͘ϲйϭϱ͘ϱй KůŵƐƚĞĚƚǇ͘DŽǁŶĞƌ ϳϯ͘Ϭйϱϴ͘ϴйϱϳ͘ϰйϯϱ͘ϮйϮϴ͘ϬйϮϮ͘ϱйϴϰ͘ϵйϲϴ͘Ϭйϳϭ͘ϭйϰϯ͘ϴйϱϲ͘ϲйϮϳ͘ϳй DZ<dZdZEd> ǆŝƐƚŝŶŐZĞŶƚĂůEĞǁZĞŶƚĂů ϭZϮZϯZϭZϮZϯZ ϮϬϮϬϮϬϮϱϮϬϮϬϮϬϮϱϮϬϮϬϮϬϮϱϮϬϮϬϮϬϮϱϮϬϮϬϮϬϮϱϮϬϮϬϮϬϮϱ йŽĨ,,^ǁŚŽĐĂŶĂĨĨŽƌĚ ΨϵϬϬΨϭ͕ϯϱϱΨϭ͕ϭϬϬΨϭ͕ϱϯϱΨϭ͕ϮϬϬΨϭ͕ϳϬϴΨϭ͕ϯϬϬΨϭ͕ϲϬϬΨϭ͕ϴϬϬΨϮ͕ϬϬϬΨϮ͕ϬϬϬΨϮ͕ϰϬϬ >>KůŵƐƚĞĚƚǇ͘D ϴϬ͘Ϯйϳϯ͘ϰйϳϱ͘ϰйϲϴ͘ϵйϳϯ͘Ϭйϲϰ͘ϱйϳϬ͘ϰйϲϳ͘Ϯйϱϱ͘ϱйϱϳ͘ϲйϱϬ͘ϰйϰϴ͘ϴй KůŵƐƚĞĚƚǇ͘DƌĞŶƚĞƌ ϱϮ͘ϱйϰϳ͘ϳйϰϰ͘Ϯйϰϭ͘ϴйϰϬ͘Ϭйϯϲ͘ϭйϯϲ͘ϰйϯϵ͘ϲйϮϭ͘ϳйϮϴ͘ϯйϭϳ͘ϳйϮϬ͘ϵй ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϮϬϮ ,Kh^/E'&&KZ/>/dz &ŽƌĞǆĂŵƉůĞ͕ŝŶϮϬϮϬ͕ĂŶĞƐƟŵĂƚĞĚϱϬйŽĨŚŽƵƐĞŚŽůĚƐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĐŽƵůĚ x ĂīŽƌĚĂŵŽǀĞ Ͳ ƵƉŚŽŵĞŝŶϮϬϮϬŽĨΨϯϱϬ͕ϬϬϬǁŚŝůĞŽŶůǇĂŶĞƐƟŵĂƚĞĚϯϭйŽĨϮϬϮϱŚŽƵƐĞŚŽůĚƐĐĂŶ ĂīŽƌĚƚŚĞƌŝƐĞƚŽΨϰϱϬ͕ϬϬϬĨŽƌĂŵŽǀĞ ͲƵƉŚŽŵĞ͘ ,ŽƵƐĞŚŽůĚƐǁŚŽĐĂŶĂīŽƌĚĂŶĞǆŝƐƟŶŐŽŶĞ ͲďĞĚƌŽŽŵƌĞŶƚĂůŝŶKůŵƐƚĞĚŽƵŶƚǇĂůƐŽĞǆƉĞƌŝĞŶĐĞĚĂ x ĚĞĐůŝŶĞĨƌŽŵϮϬϮϬƚŽϮϬϮϱŽĨƌŽƵŐŚůǇϳй͘dŚŝƐ͕ŚŽǁĞǀĞƌ͕ŝƐĂŵƵĐŚůĞƐƐĞƌƌĂƚĞĐŽŵƉĂƌĞĚƚŽƚŚĞ ĚĞĐůŝŶĞŝŶŽǁŶĞƌƐŚŝƉŚŽƵƐĞŚŽůĚƐŽĨŶĞĂƌůǇϮϬйĨŽƌĂŶĞŶƚƌǇůĞǀĞůŽƌŵŽǀĞƵƉŚŽŵĞ͘ ƉƉƌŽǆŝŵĂƚĞůǇϰϳйŽĨĂůůŚŽƵƐĞŚŽůĚƐĂŶĚϱϵ йŽĨŽǁŶĞƌŚŽƵƐĞŚŽůĚƐĐŽƵůĚĂīŽƌĚƚŽƉƵƌĐŚĂƐĞĂŶ x ĞŶƚƌǇͲůĞǀĞůŚŽŵĞŝŶƚŚĞDĂƌŬĞƚƌĞĂ;ΨϯϬ Ϭ͕ϬϬϬͿ͘tŚĞŶĂĚũƵƐƟŶŐĨŽƌŵŽǀĞ ͲƵƉďƵǇĞƌƐ;ΨϰϱϬ͕ϬϬϬͿ ĂďŽƵƚϯϭйŽĨĂůůŚŽƵƐĞŚŽůĚƐĂŶĚϯϱйŽĨŽǁŶĞƌŚŽƵƐĞŚŽůĚƐǁŽƵůĚŝŶĐŽŵĞƋƵĂůŝĨǇ͘ ĞĐĂƵƐĞŝĨŝƚƐůŽǁĞƌƉƌŝĐĞƉŽŝŶƚ͕ŵƵůƟĨĂŵŝůǇĨŽƌ Ͳ ƐĂůĞĐĂŶĂƩƌĂĐƚĂƐůŝŐŚƚůǇŚŝŐŚĞƌƉƌŽƉŽƌƟŽŶŽĨďƵǇĞƌƐ x ǁŝƚŚĂŶĞƐƟŵĂƚĞĚϲϴйŽĨĂůůDĂƌŬĞƚƌĞĂŽǁŶĞƌŚŽƵƐĞŚŽůĚƐďĞŝŶŐĂďůĞƚŽĂīŽƌĚĂŶĞŶƚƌǇůĞǀĞů ƚŽǁŶŚŽŵĞŽƌĐŽŶĚŽŵŝŶŝƵŵ;ΨϮϱϬ͕ϬϬϬͿĂŶĚƌŽƵŐŚůǇϰϰйĂŵŽǀĞͲƵƉƚŽǁŶŚŽŵĞŽƌĐŽŶĚŽŵŝŶŝƵŵ ;ΨϰϬϬ͕ϬϬϬͿ͘ &ŽƌͲ^ĂůĞ,ŽƵƐŝŶŐĨĨŽƌĚĂďŝůŝƚǇͲ,ŽƵƐĞŚŽůĚƐďǇ/ŶĐŽŵĞ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ϴϬ͘Ϭй ϲϴ͘Ϭй ϳϬ͘Ϭй ϱϴ͘ϴй ϱϲ͘ϱй ϲϬ͘Ϭй ϰϳ͘Ϭй ϱϬ͘Ϭй ϰϯ͘ϴй ϯϲ͘ϳй ϯϱ͘Ϯй ϰϬ͘Ϭй ϯϬ͘ϵй Ϯϳ͘ϳй ϯϬ͘Ϭй ϮϮ͘ϱй ϭϱ͘ϱй ϮϬ͘Ϭй ϭϮ͘ϱй ϭϬ͘Ϭй Ϭ͘Ϭй ŶƚƌǇͲ>ĞǀĞůDŽǀĞͲhƉǆĞĐƵƚŝǀĞŶƚƌǇͲ>ĞǀĞůDŽǀĞͲhƉǆĞĐƵƚŝǀĞ ^&D& ůů,,ƐKǁŶĞƌ,,^ ďŽƵƚϰϴ йŽĨĞǆŝƐƟŶŐƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐĐĂŶĂīŽƌĚƚŚĞĂǀĞƌĂŐĞƌĞŶƚŽĨĂ ŶĞǆŝƐƟŶŐŽŶĞͲďĞĚƌŽŽŵƵŶŝƚ x ŝŶDĂƌŬĞƚƌĞĂ;Ψϭ͕ϯϱϱͬŵŽŶƚŚͿ͘dŚĞƉĞƌĐĞŶƚĂŐĞŽĨƌĞŶƚĞƌŝŶĐŽŵĞͲ ƋƵĂůŝĮĞĚŚŽƵƐĞŚŽůĚƐĚĞĐƌĞĂƐĞƐƚŽ ϯϲ йƚŚĂƚĐĂŶĂīŽƌĚƚŚĞĂǀĞƌĂŐĞƌĞŶƚŽĨĂŶĞǆŝƐƟŶŐƚŚƌĞĞ ͲďĞĚƌŽŽŵƵŶŝƚ;Ψϭ͕ϳϬϴͬŵŽŶƚŚͿ͘ ŌĞƌĂĚũƵƐƟŶŐĨŽƌŶĞǁĐŽŶƐƚƌƵĐƟŽŶƌĞŶƚĂůŚŽƵƐŝŶŐ;ĚĞǀĞůŽƉŵĞŶƚƐďƵŝůƚϮϬϮϬƚŽƉƌĞƐĞŶƚͿ͕ƚŚĞ x ƉĞƌĐĞŶƚĂŐĞŽĨƌĞŶƚĞƌƐƚŚĂƚĂƌĞŝŶĐŽŵĞͲ ƋƵĂůŝĮĞĚĚĞĐƌĞĂƐĞƐĂŐĂŝŶ͘ďŽƵƚϰϬ йŽĨƌĞŶƚĞƌƐĐĂŶĂīŽƌĚĂ ŶĞǁŵĂƌŬĞƚƌĂƚĞŽŶĞͲďĞĚƌŽŽŵƵŶŝƚ;Ψϭ͕ϲϬϬͬŵŽŶƚŚͿǁŚŝůĞŽŶůǇϮϭ йĐĂŶĂīŽƌĚĂŶĞǁƚŚƌĞĞ ͲďĞĚƌŽŽŵ ƵŶŝƚ;ΨϮ͕ϰϬϬͬŵŽŶƚŚͿ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϮϬϯ ,Kh^/E'&&KZ/>/dz ZĞŶƚĞƌ,ŽƵƐŝŶŐĨĨŽƌĚĂďŝůŝƚǇͲ,ŽƵƐĞŚŽůĚƐďǇ/ŶĐŽŵĞ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ϴϬ͘Ϭй ϳϯ͘ϰй ϲϴ͘ϵй ϲϳ͘Ϯй ϳϬ͘Ϭй ϲϰ͘ϱй ϱϳ͘ϲй ϲϬ͘Ϭй ϰϴ͘ϴй ϰϳ͘ϳй ϱϬ͘Ϭй ϰϭ͘ϴй ϯϵ͘ϲй ϯϲ͘ϭй ϰϬ͘Ϭй Ϯϴ͘ϯй ϯϬ͘Ϭй ϮϬ͘ϵй ϮϬ͘Ϭй ϭϬ͘Ϭй Ϭ͘Ϭй ϭZϮZϯZϭZϮZϯZ ǆŝƐƚŝŶŐEĞǁ ůů,,ƐZĞŶƚĞƌ,,^ Dy&/>Z^Z,ΘKE^h>d/E'ϮϬϰ ϮϬϱ ϭϬ͘ϬйϭϬ͘ϬйϭϬ͘ϬйϭϬ͘ϬйϭϬ͘ϬйϭϬ͘ϬйΨϵ͕ϬϬϬΨϭϯ͕ϱϬϬΨϮϮ͕ϱϬϬΨϳ͕ϱϬϬΨϭϮ͕ϬϬϬΨϭϴ͕ϬϬϬϲ͘ϲϮϱйϲ͘ϲϮϱйϲ͘ϲϮϱйϲ͘ϲϮϱйϲ͘ϲϮϱйϲ͘ϲϮϱй ϯϰ͕ϭϳϰϮϮ͕ϰϮϵϵ͕ϭϬϴϰϭ͕ϬϯϭϮϲ͕ϲϵϲϭϭ͕ϮϲϴϮϭ͕ϮϳϬϯϯ͕ϰϴϳϰϬ͕Ϭϭϭϭϲ͕ϱϬϵϮϵ͕Ϭϭϯϯϳ͕ϯϮϲ Ψϭ͕ϯϱϱΨϭ͕ϱϯϱΨϭ͕ϳϬϴΨϭ ͕ϲϬϬΨϮ͕ϬϬϬΨϮ͕ϰϬϬ ϱϯ͕ϯϭϰϱϬ͕Ϭϯϴϰϲ͕ϴϵϬϰϴ͕ϴϱϱϰϭ͕ϴϱϵϯϱ͕ϰϴϲ ΨϯϬϬ͕ϬϬϬΨϰϱϬ͕ϬϬϬΨϳϱϬ͕ϬϬϬΨϮϱϬ͕ϬϬϬΨϰϬϬ͕ϬϬϬΨϲϬϬ͕ϬϬϬΨϯϬ͕ϬϬϬΨϰϱ͕ϬϬϬΨϳϱ͕ϬϬϬΨϮϱ͕ϬϬϬΨϰϬ͕ϬϬϬΨϲϬ͕ϬϬϬΨϮϳϵ͕ϬϬϬΨϰϭϴ͕ϱϬϬΨϲϵϳ͕ϱϬϬΨϮϯϮ͕ϱϬϬΨϯϳϮ͕ϬϬϬΨϱϱϴ͕ϬϬϬϯϲϬϯϲϬϯϲϬͲΨϭ͕ϳϴϲͲΨϮ͕ϲϴϬͲΨϰ͕ϰϲϲͲΨϭ͕ϰϴϵͲΨϮ͕ϯϴϮͲΨϯ͕ϱϳϯͲΨϯϭϯͲΨϱϬϬ ͲΨϳϱϬͲΨϭϱϬͲΨϮϮϱͲΨϯϱϬͲΨϮ͕ϰϴϮͲΨϯ͕ϳϮϰͲΨϲ͕ϮϬϲͲΨϮ͕ϬϱϮͲΨϯ͕ϮϲϴͲΨϰ͕ϵϭϱϯϬйϯϬйϯϬй ϰϳ͘ϬйϯϬ͘ϵйϭϮ͘ϱйϱϲ͘ϱйϯϲ͘ϳйϭϱ͘ϱйϱϴ͘ϴйϯϱ͘ϮйϮϮ͘ϱйϲϴ͘Ϭйϰϯ͘ϴйϮϳ͘ϳйϯϬ͕ϯϳϰϭϴ͕ϭϱϲϭϭ͕ϲϯϯϯϱ͕ϭϯϱϮϮ͕ϲϯϭϭϰ͕ϯϭϳ Ψϭϲ͕ϮϲϬΨϭϴ͕ϰϮϬΨϮϬ͕ϰϵϲΨϭϵ͕ϮϬϬΨϮ ϰ͕ϬϬϬΨϮϴ͕ϴϬϬϯϬйϯϬйϯϬйΨϱϰ͕ϮϬϬΨϲϭ͕ϰϬϬΨϲϴ͕ϯϮϬΨϲϰ͕ϬϬϬΨϴϬ͕ϬϬϬΨϵϲ͕ϬϬϬ ϳϯ͘ϰйϲϴ͘ϵйϲϰ͘ϱйϲϳ͘Ϯйϱϳ͘ϲйϰϴ͘ϴйϰϳ͘ϳйϰϭ͘ϴйϯϲ͘ϭйϯϵ͘ϲйϮϴ͘ϯйϮϬ͘ϵйϭϭ͕ϬϬϭϭϮ͕Ϯϰϲϭϯ͕ϰϰϯϭϮ͕ϲϵϲϭϱ͕Ϭϴϯϭϲ͕ϲϯϱ ͲΨϭϬϭͲΨϭϲϭͲΨϮϰϮΨϵϵ͕ϮϵϱΨϭϰϴ͕ϵϰϮΨϮϰϴ͕ϮϯϳΨϴϮ͕ϬϳϵΨϭϯϬ͕ϳϮϲΨϭϵϲ͕ϱϴϵ ϴ͕ϯϯϱϱ͕ϵϰϳϰ͕ϯϵϱ ǆĞĐƵƚŝǀĞ ϭZϮZϯZ dŽǁŶŚŽŵĞͬdǁŝŶŚŽŵĞͬŽŶĚŽ EĞǁDĂƌŬĞƚZĂƚĞZĞŶƚĂů DŽǀĞͲhƉ ǆĞĐƵƚŝǀĞŶƚƌǇͲ>ĞǀĞů ĂƐĞĚŽŶϮϬϮϯ^ŚŽƵƐĞŚŽůĚŝŶĐŽŵĞďǇƚĞŶƵƌĞ;ŝ͘Ğ͘ŽǁŶĞƌĂŶĚƌĞŶƚĞƌŝŶĐŽŵĞƐ͘KǁŶĞƌŝŶĐŽŵĞƐсΨϭϭϳ͕ϲϭϯǀƐ͘ƌĞŶƚĞƌŝŶĐŽŵĞƐсΨϱϮ͕ϴϯϯͿ ϯϲϬϯϲϬϯϲϬͲΨϮϬϬͲΨϯϬϬͲΨϱϬϬϯϬйϯϬйϯϬйϯϬйϯϬйϯϬй ϭϬ͕ϬϮϵϴ͕ϳϴϰϳ͕ϱϴϴ ͲΨϯϳϱͲΨϱϲϯͲΨϵϯϴͲΨϭϮϭͲΨϭϴϭͲΨϯϬϮ ,Kh^/E'&&KZ/>/dzͲ^KE,Kh^,K>/EKD ϭZϮZϯZ ǆŝƐƚŝŶŐDĂƌŬĞƚZĂƚĞZĞŶƚĂů K>D^dKhEdzDZ<dZͲϮϬϮϱ ^ŝŶŐůĞͲ&ĂŵŝůǇ DŽǀĞͲhƉ d>,Ͳϵ ŶƚƌǇͲ>ĞǀĞů Ϯ Ϯ EŽ͘ŽĨKůŵƐƚĞĚƚǇ͘DĂƌŬĞƚƌĞĂŽǁŶĞƌ,,^ǁŚŽĐĂŶŶŽƚĂĨĨŽƌĚ EŽ͘ŽĨKůŵƐƚĞĚƚǇ͘DĂƌŬĞƚƌĞĂƌĞŶƚĞƌ,,^ǁŚŽĐĂŶŶŽƚĂĨĨŽƌĚ Ϯ Ϯ Ϯ Ϯ EŽ͘ŽĨKůŵƐƚĞĚƚǇ͘DĂƌŬĞƚƌĞĂŽǁŶĞƌ,,ƐǁŚŽĐĂŶĂĨĨŽƌĚ EŽ͘ŽĨKůŵƐƚĞĚƚǇ͘DĂƌŬĞƚƌĞĂƌĞŶƚĞƌ,,ƐǁŚŽĐĂŶĂĨĨŽƌĚ WĐƚ͘ŽĨKůŵƐƚĞĚƚǇ͘DĂƌŬĞƚƌĞĂŽǁŶĞƌ,,ƐǁŚŽĐĂŶĂĨĨŽƌĚ WĐƚ͘ŽĨKůŵƐƚĞĚƚǇ͘DĂƌŬĞƚƌĞĂƌĞŶƚĞƌ,,ƐǁŚŽĐĂŶĂĨĨŽƌĚ ;ƐƐƵŵĞƐϭϬйĚŽǁŶƉĂǇŵĞŶƚĂŶĚŐŽŽĚĐƌĞĚŝƚͿ ĂƐĞĚŽŶϮϬϮϱŚŽƵƐĞŚŽůĚŝŶĐŽŵĞĨŽƌ>>ŚŽƵƐĞŚŽůĚƐ;^Z/Ϳ ϭϭ WĐƚ͘ŽĨ>>KůŵƐƚĞĚŽƵŶƚǇ,,^ǁŚŽĐĂŶĂĨĨŽƌĚWĐƚ͘ŽĨ>>KůŵƐƚĞĚŽƵŶƚǇ,,^ǁŚŽĐĂŶĂĨĨŽƌĚ ϭϭ ƐƚŝŵĂƚĞĚůŽƐŝŶŐŽƐƚƐ;ƌŽůůĞĚŝŶƚŽŵŽƌƚŐĂŐĞͿ EŽ͘ŽĨKůŵƐƚĞĚŽƵŶƚǇ,,^ǁŚŽĐĂŶĂĨĨŽƌĚEŽ͘ŽĨKůŵƐƚĞĚŽƵŶƚǇ,,^ǁŚŽĐĂŶĂĨĨŽƌĚ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ;ƉůƵƐͿ,K/ŶƐƵƌĂŶĐĞͬƐƐŽĐ͘&ĞĞĨŽƌd, Dy&/>Z^Z,ΘKE^h>d/E' ;ƉůƵƐͿWD/ͬD/W;ůĞƐƐƚŚĂŶϮϬйͿ ,ŽƵƐŝŶŐŽƐƚƐĂƐйŽĨ/ŶĐŽŵĞ,ŽƵƐŝŶŐŽƐƚƐĂƐйŽĨ/ŶĐŽŵĞ DŝŶŝŵƵŵ/ŶĐŽŵĞZĞƋƵŝƌĞĚDŝŶŝŵƵŵ/ŶĐŽŵĞZĞƋƵŝƌĞĚ ,Kh^/E'&&KZ/>/dz DŽŶƚŚůǇWĂǇŵĞŶƚ;WΘ/Ϳ dŽƚĂůŽǁŶWĂǇŵĞŶƚŵƚ͘ ZĞŶƚĂů;DĂƌŬĞƚZĂƚĞͿ ^ƵďƚŽƚĂůŵŽŶƚŚůǇĐŽƐƚƐ WĐƚ͘ŽǁŶWĂǇŵĞŶƚ ;ƉůƵƐͿWƌŽƉ͘dĂǆ EƵŵďĞƌŽĨWŵƚƐ͘ WƌŝĐĞŽĨ,ŽƵƐĞ DŽŶƚŚůǇZĞŶƚ /ŶƚĞƌĞƐƚZĂƚĞ ŶŶƵĂůZĞŶƚ ŽƐƚŽĨ>ŽĂŶ &ŽƌͲ^ĂůĞ ϭ Ϯ ,Kh^/E'&&KZ/>/dz /ŶĚƵƐƚƌǇtĂŐĞƐΘīŽƌĚĂďŝůŝƚǇ dĂďůĞƐ,ͲϭϬĂŶĚ,ͲϭϭƐŚŽǁĐĂƐĞKůŵƐƚĞĚŽƵŶƚǇǁĂŐĞƐďǇŝŶĚƵƐƚƌǇĂŐĂŝŶƐƚŚŽƵƐŝŶŐĐŽƐƚƐĨŽƌ ŵĂƌŬĞƚƌĂƚĞƌĞŶƚĂůŚŽƵƐŝŶŐƵŶŝƚƐĂŶĚƚŚĞŵĞĚŝĂŶƐĂůĞƐƉƌŝĐĞŽĨĂŚŽŵĞŝŶKůŵƐƚĞĚŽƵŶƚǇ͘ůů ĞŵƉůŽǇŵĞŶƚĂŶĚǁĂŐĞĚĂƚĂŝƐƐŽƵƌĐĞĚƚŽDEĂŶĚĂůůŚŽƵƐŝŶŐĐŽƐƚƐĂƌĞƐŽƵƌĐĞĚƚŽ WůĞĂƐĞŶŽƚĞƚŚĂƚƚŚĞǁĂŐĞĚĂƚĂĂŶĚ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚďĂƐĞĚŽŶĚĂƚĂĐŽůůĞĐƚĞĚŝŶƚŚŝƐƌĞƉŽƌƚ͘ ŚŽƵƐŝŶŐĂĨĨŽƌĚĂďŝůŝƚǇĐŽŵƉĂƌŝƐŽŶƐŝƐďĂƐĞĚŽŶKEǁĂŐĞĞĂƌŶĞƌŝŶĂŚŽƵƐĞŚŽůĚ͘ dŚĞĚĂƚĂ ĚŽĞƐŶŽƚƚĂŬĞŝŶƚŽĂĐĐŽƵŶƚĂϮǁĂŐĞĞĂƌŶĞƌŝŶƚŚĞŚŽƵƐĞŚŽůĚƚŚĂƚǁŽƵůĚďŽŽƐƚŚŽƵƐĞŚŽůĚ ŶĚ ŝŶĐŽŵĞ͘<ĞǇƉŽŝŶƚƐĨŽůůŽǁ͘ dŚĞĂǀĞƌĂŐĞǁĂŐĞŝŶKůŵƐƚĞĚŽƵŶƚǇŝƐĂƉƉƌŽǆŝŵĂƚĞůǇΨϳϱ͕ϰϱϮ͖ƌĞƐƵůƚŝŶŐŝŶ͞ĂĨĨŽƌĚĂďůĞ͟ x ŚŽƵƐŝŶŐĐŽƐƚƐŽĨĂďŽƵƚΨϭ͕ϴϵϬƉĞƌŵŽŶƚŚďĂƐĞĚŽŶĂϯϬйĂůůŽĐĂƚŝŽŶŽĨŝŶĐŽŵĞƚŽŚŽƵƐŝŶŐ͘ ĂƐĞĚŽŶƚŚŝƐŝŶĐŽŵĞ͕ĂŶĂĨĨŽƌĚĂďůĞƉƌŝĐĞĚŚŽŵĞǁŽƵůĚůŝŬĞůǇƌĂŶŐĞĨƌŽŵĂďŽƵƚΨϮϮϲ͕ϯϲϬƚŽ ΨϮϲϰ͕ϬϴϬ͘ DĂŶǇĞŵƉůŽǇŵĞŶƚƐĞĐƚŽƌƐŚĂǀĞǁĂŐĞƐƚŚĂƚĐĂŶĂĨĨŽƌĚĂŵĂƌŬĞƚƌĂƚĞƌĞŶƚĂůďƵƚŽŶůǇŽŶĞ x ƐĞĐƚŽƌĐĂŶĂĨĨŽƌĚĂŵĞĚŝĂŶƉƌŝĐĞĚŚŽŵĞ͘dŚĞƌĞĂƌĞĨŽƵƌƐĞĐƚŽƌƐŽĨǁŚŝĐŚĐĂŶŶŽƚĂĨĨŽƌĚĂŶǇ ƚǇƉĞŽĨƌĞŶƚĂůŽƌĂŵĞĚŝĂŶƉƌŝĐĞĚŚŽŵĞ͘dŚĞĨŽůůŽǁŝŶŐĂƌĞƚŚĞůŽǁĞƐƚǁĂŐĞĞĂƌŶĞƌƐǁŚŽ ĐĂŶŶŽƚĂĨĨŽƌĚŵĞĚŝĂŶĂŶĚĂǀĞƌĂŐĞDĂƌŬĞƚƌĞĂŚŽƵƐŝŶŐ͗ /ŶĚƵƐƚƌǇǀŐ͘ŶŶƵĂůtĂŐĞ >ĞŝƐƵƌĞĂŶĚ,ŽƐƉŝƚĂůŝƚǇΨϮϳ͕ϯϬϬ DĂŶƵĨĂĐƚƵƌŝŶŐΨϰϮ͕ϴϰϴ dƌĂĚĞ͕dƌĂŶƐƉŽƌƚĂƚŝŽŶ͕hƚŝůŝƚŝĞƐΨϰϰ͕ϯϬϰ EĂƚƵƌĂůZĞƐŽƵƌĐĞƐΘDŝŶŝŶŐΨϱϭ͕ϵϰϴ d>,ͲϭϬ ,Kh^/E'&&KZ/>/dz^KE/Eh^dZzt'^ K>D^dKhEdz YϯϮϬϮϰ ĂŶĨĨ͘ZĞŶƚĂů,ƐŐ͘ ǀŐ͘ŶŶƵĂůDĂǆ͘DŽŶƚŚůǇĂŶĨĨ͘DĞĚ͘ ǀŐ͘ĨĨ͘,ŽŵĞWƌŝĐĞ tĂŐĞ,ŽƵƐŝŶŐŽƐƚΛWƌŝĐĞ,ŽŵĞ ǀĞƌĂŐĞEƵŵďĞƌŽĨŵƉůŽǇĞĞƐ ϲϬйD/DZ ZĂŶŐĞ /ŶĚƵƐƚƌǇYϯϮϬϮϰWĐƚ͘YϯϮϬϮϰϮϬϮϰ EĂƚƵƌĂůZĞƐŽƵƌĐĞƐΘDŝŶŝŶŐϮϴϳϬ͘ϯйΨϱϭ͕ϵϰϴΨϭ͕ϮϵϵΨϭϱϱ͕ϴϰϰΨϭϴϭ͕ϴϭϴ ŽŶƐƚƌƵĐƚŝŽŶϰ͕ϳϮϱϰ͘ϱйΨϳϵ͕ϱϬϴΨϭ͕ϵϴϴΨϮϯϴ͕ϱϮϰΨϮϳϴ͕Ϯϳϴ yy y DĂŶƵĨĂĐƚƵƌŝŶŐϱ͕ϰϵϳϱ͘ϮйΨϭϭϲ͕ϯϳϲΨϮ͕ϵϬϵΨϯϰϵ͕ϭϮϴΨϰϬϳ͕ϯϭϲ yy dƌĂĚĞ͕dƌĂŶƐƉŽƌƚĂƚŝŽŶĂŶĚhƚŝůŝƚŝĞƐϭϯ͕ϳϴϯϭϯ͘ϮйΨϰϰ͕ϯϬϰΨϭ͕ϭϬϴΨϭϯϮ͕ϵϭϮΨϭϱϱ͕Ϭϲϰ /ŶĨŽƌŵĂƚŝŽŶϴϮϰϬ͘ϴйΨϳϱ͕ϴϲϴΨϭ͕ϴϵϳΨϮϮϳ͕ϲϬϰΨϮϲϱ͕ϱϯϴ yy &ŝŶĂŶĐŝĂů^ĞƌǀŝĐĞƐϮ͕ϬϴϮϮ͘ϬйΨϳϴ͕ϮϬϴΨϭ͕ϵϱϱΨϮϯϰ͕ϲϮϰΨϮϳϯ͕ϳϮϴ yy WƌŽĨĞƐƐŝŽŶĂůĂŶĚƵƐŝŶĞƐƐ^ĞƌǀŝĐĞƐϲ͕Ϯϴϵϲ͘ϬйΨϳϰ͕ϳϳϲΨϭ͕ϴϲϵΨϮϮϰ͕ϯϮϴΨϮϲϭ͕ϳϭϲ yy ĚƵĐĂƚŝŽŶĂŶĚ,ĞĂůƚŚ^ĞƌǀŝĐĞƐϱϱ͕ϭϱϳϱϮ͘ϳйΨϴϴ͕ϯϰϴΨϮ͕ϮϬϵΨϮϲϱ͕ϬϰϰΨϯϬϵ͕Ϯϭϴ yy >ĞŝƐƵƌĞĂŶĚ,ŽƐƉŝƚĂůŝƚǇϵ͕ϴϳϰϵ͘ϰйΨϮϳ͕ϯϬϬΨϲϴϯΨϴϭ͕ϵϬϬΨϵϱ͕ϱϱϬ KƚŚĞƌ^ĞƌǀŝĐĞƐϮ͕ϱϰϮϮ͘ϰйΨϰϮ͕ϴϰϴΨϭ͕ϬϳϭΨϭϮϴ͕ϱϰϰΨϭϰϵ͕ϵϲϴ WƵďůŝĐĚŵŝŶŝƐƚƌĂƚŝŽŶϯ͕ϲϲϯϯ͘ϱйΨϴϲ͕ϯϳϮΨϮ͕ϭϱϵΨϮϱϵ͕ϭϭϲΨϯϬϮ͕ϯϬϮ yy dŽƚĂůƐϭϬϰ͕ϳϮϯΨϳϱ͕ϰϱϮΨϭ͕ϴϴϲΨϮϮϲ͕ϯϱϲΨϮϲϰ͕ϬϴϮ EŽƚĞ͗ĂƚĂďĂƐĞĚŽĨĨŽĨŽŶĞǁĂŐĞĞĂƌŶĞƌ ǀĞƌĂŐĞZĞŶƚ͗DĂƌŬĞƚZĂƚĞKŶĞͲĞĚƌŽŽŵZĞŶƚΨϭ͕ϯϱϱŝŶKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ DĂǆŝŵƵŵKŶĞͲĞĚƌŽŽŵ'ƌŽƐƐZĞŶƚΛϲϬйD/ĨŽƌĂϭƉƉŚΨϭ͕ϰϬϳ;/ŶĐŽŵĞ>ŝŵŝƚŽĨΨϰϵ͕ϮϲϬͿ DĞĚŝĂŶ,ŽƵƐŝŶŐWƌŝĐĞ͗ΨϯϯϮ͕ϮϵϬ ^ŽƵƌĐĞ͗DE͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϮϬϲ ,Kh^/E'&&KZ/>/dz ĞĐĂƵƐĞŽĨƚŚĞƐƚƌŽŶŐĞƌǁĂŐĞƐŝŶƚŚĞĐŽƵŶƚǇ͕ƚŚĞĂƌĞĂŵĞĚŝĂŶŝŶĐŽŵĞ;D/ͿĂƚϲϬйŝƐŽŶͲ x ƉĂƌǁŝƚŚŵĂŶǇŵĂƌŬĞƚƌĂƚĞƌĞŶƚĂůĐŽŵŵƵŶŝƚŝĞƐŝŶƚŚĞĐŽƵŶƚǇ͘DĂŶǇŝŶĚƵƐƚƌŝĞƐƚŚĂƚƋƵĂůŝĨǇ ĨŽƌĂŶĂĨĨŽƌĚĂďůĞƵŶŝƚĂƌĞĂůƐŽĂďůĞƚŽĂĨĨŽƌĚŵĂƌŬĞƚƌĂƚĞƌĞŶƚƐ͘ dĂďůĞ,ͲϭϭĚĞƚĂŝůƐƐĞǀĞƌĂůǁŽƌŬĨŽƌĐĞŽĐĐƵƉĂƚŝŽŶƐĂŶĚƚŚĞŵĞĚŝĂŶŚŽƵƌůǇǁĂŐĞĂŶĚĂŶŶƵĂů x ŝŶĐŽŵĞ͘ƐŝůůƵƐƚƌĂƚĞĚ͕ƚŚĞƌĞĂƌĞƐĞǀĞƌĂůŽĐĐƵƉĂƚŝŽŶƐǁŚĞƌĞƚŚĞŵĞĚŝĂŶƐĂůĂƌǇŝƐŶŽƚ ƐƵĨĨŝĐŝĞŶƚƚŽĂĨĨŽƌĚĂŵĂƌŬĞƚƌĂƚĞĂƉĂƌƚŵĞŶƚŽƌĂŶĂƉĂƌƚŵĞŶƚĂƚϲϬйD/͘^ĞǀĞƌĂů ƉƌŽĨĞƐƐŝŽŶƐŚĂǀĞǁĂŐĞƐƚŚĂƚǁŽƵůĚĨĂůůďĞƚǁĞĞŶƚŚĞϯϬйĂŶĚϱϬйD/ŝŶĐŽŵĞďĂŶĚǁŝĚƚŚ ƚŽďĞĂĨĨŽƌĚĂďůĞĂŶĚŶŽƚĐŽƐƚďƵƌĚĞŶĞĚ͘ d>,Ͳϭϭ ,Kh^/E'&&KZ/>/dz^KEKhWd/KEt'^ ZK,^dZD^ YϭϮϬϮϰ ĂŶĨĨ͘ZĞŶƚĂů,ƐŐ͘ DĞĚŝĂŶ,ŽƵƌůǇDĞĚŝĂŶŶŶƵĂůDĂǆ͘DŽŶƚŚůǇĂŶĨĨ͘DĞĚ͘ ŵƉůŽǇĞĞŽƵŶƚǀŐ͘ĨĨ͘,ŽŵĞWƌŝĐĞ tĂŐĞ/ŶĐŽŵĞϲϬйD/DZ ,ŽƵƐŝŶŐŽƐƚΛϯϬйWƌŝĐĞ,ŽŵĞ KĐĐƵƉĂƚŝŽŶYϭϮϬϮϰWĐƚ͘YϭϮϬϮϰYϭϮϬϮϰYϭϮϬϮϰZĂŶŐĞ ^ŽĐŝĂůΘ,ƵŵĂŶ^ĞƌǀŝĐĞƐƐŝƐƚĂŶƚƐϰϬϬϭ͘ϯйΨϮϮ͘ϱϰΨϰϲ͕ϴϴϯΨϭ͕ϭϳϮΨϭϰϬ͕ϲϱϬΨϭϲϰ͕Ϭϵϭ y ZĞŐŝƐƚĞƌĞĚEƵƌƐĞƐϴ͕ϵϵϬϯϬ͘ϭйΨϰϴ͘ϭϵΨϭϬϬ͕ϮϯϱΨϮ͕ϱϬϲΨϯϬϬ͕ϳϬϲΨϯϱϬ͕ϴϮϯ yy ,ŽŵĞ,ĞĂůƚŚΘWĞƌƐŽŶĂůĂƌĞŝĚĞƐϯ͕ϴϮϬϭϮ͘ϴйΨϭϲ͘ϴϵΨϯϱ͕ϭϯϭΨϴϳϴΨϭϬϱ͕ϯϵϰΨϭϮϮ͕ϵϱϵ EƵƌƐŝŶŐƐƐŝƐƚĂŶƚƐϭ͕ϱϯϬϱ͘ϭйΨϭϵ͘ϵϮΨϰϭ͕ϰϯϰΨϭ͕ϬϯϲΨϭϮϰ͕ϯϬϭΨϭϰϱ͕Ϭϭϴ y WŽůŝĐĞΘ^ŚĞƌŝĨĨΖƐWĂƚƌŽůKĨĨŝĐĞƌƐϰϮϬϭ͘ϰйΨϯϴ͘ϰϰΨϳϵ͕ϵϱϱΨϭ͕ϵϵϵΨϮϯϵ͕ϴϲϲΨϮϳϵ͕ϴϰϯ y &ĂƐƚ&ŽŽĚΘŽƵŶƚĞƌtŽƌŬĞƌƐϮ͕ϰϯϬϴ͘ϭйΨϭϰ͘ϳϴΨϯϬ͕ϳϰϮΨϳϲϵΨϵϮ͕ϮϮϳΨϭϬϳ͕ϱϵϴ ĂƐŚŝĞƌƐϮ͕ϲϲϬϴ͘ϵйΨϭϲ͘ϭϮΨϯϯ͕ϱϯϬΨϴϯϴΨϭϬϬ͕ϱϴϵΨϭϭϳ͕ϯϱϰ ZĞƚĂŝů^ĂůĞƐƉĞƌƐŽŶƐϮ͕ϲϯϬϴ͘ϴйΨϭϳ͘ϬϭΨϯϱ͕ϯϴϭΨϴϴϱΨϭϬϲ͕ϭϰϮΨϭϮϯ͕ϴϯϯ KĨĨŝĐĞůĞƌŬƐ͕'ĞŶĞƌĂůϭ͕ϵϯϬϲ͘ϱйΨϮϰ͘ϰϮΨϱϬ͕ϳϵϰΨϭ͕ϮϳϬΨϭϱϮ͕ϯϴϭΨϭϳϳ͕ϳϳϴ y ĂƌƉĞŶƚĞƌƐϰϴϬϭ͘ϲйΨϯϬ͘ϵϳΨϲϰ͕ϰϭϴΨϭ͕ϲϭϬΨϭϵϯ͕ϮϱϯΨϮϮϱ͕ϰϲϮ y KƉĞƌĂƚŝŶŐŶŐŝŶĞĞƌƐΘKƚŚĞƌŽŶƐƚƌƵĐƚŝŽŶƋŵƚ͘KƉĞƌĂƚŽƌƐϮϴϬϬ͘ϵйΨϯϳ͘ϲϬΨϳϴ͕ϮϬϴΨϭ͕ϵϱϱΨϮϯϰ͕ϲϮϰΨϮϳϯ͕ϳϮϴ y WůƵŵďĞƌƐ͕WŝƉĞĨŝƚƚĞƌƐ͕Θ^ƚĞĂŵĨŝƚƚĞƌƐϱϬϬϭ͘ϳйΨϰϲ͘ϯϬΨϵϲ͕ϯϬϰΨϮ͕ϰϬϴΨϮϴϴ͕ϵϭϮΨϯϯϳ͕Ϭϲϰ yy ƵƚŽŵŽƚŝǀĞ^ĞƌǀŝĐĞdĞĐŚŶŝĐŝĂŶƐΘDĞĐŚĂŶŝĐƐϱϲϬϭ͘ϵйΨϮϰ͘ϯϲΨϱϬ͕ϲϲϵΨϭ͕ϮϲϳΨϭϱϮ͕ϬϬϲΨϭϳϳ͕ϯϰϭ y DĂŝŶƚĞŶĂŶĐĞΘZĞƉĂŝƌtŽƌŬĞƌƐ͕'ĞŶĞƌĂůϴϬϬϮ͘ϳйΨϮϱ͘ϬϭΨϱϮ͕ϬϮϭΨϭ͕ϯϬϭΨϭϱϲ͕ϬϲϮΨϭϴϮ͕Ϭϳϯ y DŝƐĐĞůůĂŶĞŽƵƐƐƐĞŵďůĞƌƐΘ&ĂďƌŝĐĂƚŽƌƐϭ͕ϭϭϬϯ͘ϳйΨϮϭ͘ϳϭΨϰϱ͕ϭϱϳΨϭ͕ϭϮϵΨϭϯϱ͕ϰϳϬΨϭϱϴ͕Ϭϰϵ y ,ĞĂǀǇΘdƌĂĐƚŽƌͲdƌĂŝůĞƌdƌƵĐŬƌŝǀĞƌƐϭ͕ϮϴϬϰ͘ϯйΨϮϴ͘ϱϲΨϱϵ͕ϰϬϱΨϭ͕ϰϴϱΨϭϳϴ͕ϮϭϰΨϮϬϳ͕ϵϭϳ yy dŽƚĂůƐϮϵ͕ϴϮϬ ΨϮϰ͘ϯϵΨϱϬ͕ϳϯϭ EŽƚĞ͗ĂƚĂďĂƐĞĚŽĨĨŽĨŽŶĞǁĂŐĞĞĂƌŶĞƌ ǀĞƌĂŐĞZĞŶƚ͗DĂƌŬĞƚZĂƚĞKŶĞͲĞĚƌŽŽŵZĞŶƚΨϭ͕ϯϱϱŝŶKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ DĂǆŝŵƵŵKŶĞͲĞĚƌŽŽŵ'ƌŽƐƐZĞŶƚΛϲϬйD/ĨŽƌĂϭƉƉŚΨϭ͕ϰϬϳ;/ŶĐŽŵĞ>ŝŵŝƚŽĨΨϰϵ͕ϮϲϬͿ DĞĚŝĂŶ,ŽƵƐŝŶŐWƌŝĐĞ͗ΨϯϯϮ͕Ϯϵϯ ^ŽƵƌĐĞ͗DE͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϮϬϳ ,Kh^/E'DEE>z^/^ ,ŽƵƐŝŶŐĞŵĂŶĚŶĂůǇƐŝƐ WƌĞǀŝŽƵƐƐĞĐƚŝŽŶƐŽĨƚŚŝƐƐƚƵĚǇĂŶĂůǇǌĞĚƚŚĞĞǆŝƐƚŝŶŐŚŽƵƐŝŶŐƐƵƉƉůǇĂŶĚƚŚĞŐƌŽǁƚŚĂŶĚ ĚĞŵŽŐƌĂƉŚŝĐĐŚĂƌĂĐƚĞƌŝƐƚŝĐƐŽĨƚŚĞƉŽƉƵůĂƚŝŽŶĂŶĚŚŽƵƐĞŚŽůĚďĂƐĞŝŶKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚ ƌĞĂ͘dŚŝƐƐĞĐƚŝŽŶŽĨƚŚĞƌĞƉŽƌƚƉƌĞƐĞŶƚƐŽƵƌĞƐƚŝŵĂƚĞƐŽĨŚŽƵƐŝŶŐĚĞŵĂŶĚŝŶƚŚĞŽƵŶƚǇĨƌŽŵ ϮϬϮϱƚŽϮϬϯϱ͘ ĞŵŽŐƌĂƉŚŝĐWƌŽĮůĞĂŶĚ,ŽƵƐŝŶŐĞŵĂŶĚ dŚĞĚĞŵŽŐƌĂƉŚŝĐƉƌŽĨŝůĞŽĨĂĐŽŵŵƵŶŝƚǇĂĨĨĞĐƚƐŚŽƵƐŝŶŐĚĞŵĂŶĚĂŶĚƚŚĞƚǇƉĞƐŽĨŚŽƵƐŝŶŐƚŚĂƚ ĂƌĞŶĞĞĚĞĚ͘dŚĞŚŽƵƐŝŶŐůŝĨĞͲĐǇĐůĞƐƚĂŐĞƐĂƌĞ͗ ϭ͘ŶƚƌǇͲůĞǀĞůŚŽƵƐĞŚŽůĚĞƌƐ KĨƚĞŶƉƌĞĨĞƌƚŽƌĞŶƚďĂƐŝĐ͕ŝŶĞǆƉĞŶƐŝǀĞĂƉĂƌƚŵĞŶƚƐ x hƐƵĂůůǇƐŝŶŐůĞƐŽƌĐŽƵƉůĞƐŝŶƚŚĞŝƌĞĂƌůǇϮϬ͛ƐǁŝƚŚŽƵƚĐŚŝůĚƌĞŶ x tŝůůŽĨƚĞŶ͞ĚŽƵďůĞͲƵƉ͟ǁŝƚŚƌŽŽŵŵĂƚĞƐŝŶĂƉĂƌƚŵĞŶƚƐĞƚƚŝŶŐ x Ϯ͘&ŝƌƐƚͲƚŝŵĞŚŽŵĞďƵǇĞƌƐĂŶĚŵŽǀĞͲƵƉƌĞŶƚĞƌƐ KĨƚĞŶƉƌĞĨĞƌƚŽƉƵƌĐŚĂƐĞŵŽĚĞƐƚůǇƉƌŝĐĞĚƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞƐŽƌƌĞŶƚ x ŵŽƌĞƵƉƐĐĂůĞĂƉĂƌƚŵĞŶƚƐ hƐƵĂůůǇŵĂƌƌŝĞĚŽƌĐŽŚĂďŝƚŝŶŐĐŽƵƉůĞƐ͕ŝŶƚŚĞŝƌŵŝĚͲϮϬΖƐŽƌϯϬΖƐ͕ƐŽŵĞ x ǁŝƚŚĐŚŝůĚƌĞŶ͕ďƵƚŵŽƐƚĂƌĞǁŝƚŚŽƵƚĐŚŝůĚƌĞŶ ϯ͘DŽǀĞͲƵƉŚŽŵĞďƵǇĞƌƐ dǇƉŝĐĂůůǇƉƌĞĨĞƌƚŽƉƵƌĐŚĂƐĞŶĞǁĞƌ͕ůĂƌŐĞƌ͕ĂŶĚƚŚĞƌĞĨŽƌĞŵŽƌĞ x ĞǆƉĞŶƐŝǀĞƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞƐ dǇƉŝĐĂůůǇ͕ĨĂŵŝůŝĞƐǁŝƚŚĐŚŝůĚƌĞŶǁŚĞƌĞŚŽƵƐĞŚŽůĚĞƌƐĂƌĞŝŶƚŚĞŝƌůĂƚĞ x ϯϬΖƐƚŽϰϬΖƐ ϰ͘ŵƉƚǇͲŶĞƐƚĞƌƐ;ƉĞƌƐŽŶƐǁŚŽƐĞĐŚŝůĚƌĞŶŚĂǀĞŐƌŽǁŶĂŶĚůĞĨƚŚŽŵĞͿĂŶĚ ŶĞǀĞƌͲŶĞƐƚĞƌƐ;ƉĞƌƐŽŶƐǁŚŽŶĞǀĞƌŚĂǀĞĐŚŝůĚƌĞŶͿ WƌĞĨĞƌŽǁŶŝŶŐďƵƚǁŝůůĐŽŶƐŝĚĞƌƌĞŶƚŝŶŐƚŚĞŝƌŚŽƵƐŝŶŐ x ^ŽŵĞǁŝůůŵŽǀĞƚŽĂůƚĞƌŶĂƚŝǀĞůŽǁĞƌͲŵĂŝŶƚĞŶĂŶĐĞŚŽƵƐŝŶŐƉƌŽĚƵĐƚƐ x 'ĞŶĞƌĂůůǇ͕ĐŽƵƉůĞƐŝŶƚŚĞŝƌϱϬΖƐŽƌϲϬΖƐ x ϱ͘zŽƵŶŐĞƌŝŶĚĞƉĞŶĚĞŶƚƐĞŶŝŽƌƐ WƌĞĨĞƌŽǁŶŝŶŐďƵƚǁŝůůĐŽŶƐŝĚĞƌƌĞŶƚŝŶŐƚŚĞŝƌŚŽƵƐŝŶŐ x tŝůůŽĨƚĞŶŵŽǀĞ;ĂƚůĞĂƐƚƉĂƌƚŽĨƚŚĞǇĞĂƌͿƚŽƌĞƚŝƌĞŵĞŶƚŚĂǀĞŶƐŝŶƚŚĞ x ^ƵŶďĞůƚĂŶĚĚĞƐŝƌĞƚŽƌĞĚƵĐĞƚŚĞŝƌƌĞƐƉŽŶƐŝďŝůŝƚŝĞƐĨŽƌƵƉŬĞĞƉĂŶĚ ŵĂŝŶƚĞŶĂŶĐĞ 'ĞŶĞƌĂůůǇ͕ŝŶƚŚĞŝƌůĂƚĞϲϬΖƐŽƌϳϬΖƐ x Dy&/>Z^Z,ΘKE^h>d/E'ϮϬϴ ,Kh^/E'DEE>z^/^ ϲ͘KůĚĞƌƐĞŶŝŽƌƐ DĂǇŶĞĞĚƚŽŵŽǀĞŽƵƚŽĨƚŚĞŝƌƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞĚƵĞƚŽƉŚǇƐŝĐĂů x ĂŶĚͬŽƌŚĞĂůƚŚĐŽŶƐƚƌĂŝŶƚƐŽƌĂĚĞƐŝƌĞƚŽƌĞĚƵĐĞƚŚĞŝƌƌĞƐƉŽŶƐŝďŝůŝƚŝĞƐ ĨŽƌƵƉŬĞĞƉĂŶĚŵĂŝŶƚĞŶĂŶĐĞ 'ĞŶĞƌĂůůǇƐŝŶŐůĞĨĞŵĂůĞƐ;ǁŝĚŽǁƐͿŝŶƚŚĞŝƌŵŝĚͲϳϬΖƐŽƌŽůĚĞƌ x ĞŵĂŶĚĨŽƌŚŽƵƐŝŶŐĐĂŶĐŽŵĞĨƌŽŵƐĞǀĞƌĂůƐŽƵƌĐĞƐŝŶĐůƵĚŝŶŐŚŽƵƐĞŚŽůĚŐƌŽǁƚŚ͕ĐŚĂŶŐĞƐŝŶ ŚŽƵƐŝŶŐƉƌĞĨĞƌĞŶĐĞƐ͕ĂŶĚƌĞƉůĂĐĞŵĞŶƚŶĞĞĚ͘,ŽƵƐĞŚŽůĚŐƌŽǁƚŚŶĞĐĞƐƐŝƚĂƚĞƐďƵŝůĚŝŶŐŶĞǁ ŚŽƵƐŝŶŐƵŶůĞƐƐƚŚĞƌĞŝƐĞŶŽƵŐŚĚĞƐŝƌĂďůĞǀĂĐĂŶƚŚŽƵƐŝŶŐĂǀĂŝůĂďůĞƚŽĂďƐŽƌďƚŚĞŝŶĐƌĞĂƐĞŝŶ ŚŽƵƐĞŚŽůĚƐ͘ĞŵĂŶĚŝƐĂůƐŽĂĨĨĞĐƚĞĚďǇƐŚŝĨƚŝŶŐĚĞŵŽŐƌĂƉŚŝĐĨĂĐƚŽƌƐƐƵĐŚĂƐƚŚĞĂŐŝŶŐŽĨƚŚĞ ƉŽƉƵůĂƚŝŽŶ͕ǁŚŝĐŚĚŝĐƚĂƚĞƐƚŚĞƚǇƉĞŽĨŚŽƵƐŝŶŐƉƌĞĨĞƌƌĞĚ͘EĞǁŚŽƵƐŝŶŐƚŽŵĞĞƚƌĞƉůĂĐĞŵĞŶƚ ŶĞĞĚŝƐƌĞƋƵŝƌĞĚ͕ĞǀĞŶŝŶƚŚĞĂďƐĞŶĐĞŽĨŚŽƵƐĞŚŽůĚŐƌŽǁƚŚ͕ǁŚĞŶĞǆŝƐƚŝŶŐƵŶŝƚƐŶŽůŽŶŐĞƌŵĞĞƚ ƚŚĞŶĞĞĚƐŽĨƚŚĞƉŽƉƵůĂƚŝŽŶĂŶĚǁŚĞŶƌĞŶŽǀĂƚŝŽŶŝƐŶŽƚĨĞĂƐŝďůĞďĞĐĂƵƐĞƚŚĞƐƚƌƵĐƚƵƌĞŝƐ ƉŚǇƐŝĐĂůůǇŽƌĨƵŶĐƚŝŽŶĂůůǇŽďƐŽůĞƚĞ͘ dŚĞĨŽůůŽǁŝŶŐŐƌĂƉŚŝĐƉƌŽǀŝĚĞƐŐƌĞĂƚĞƌĚĞƚĂŝůŽĨǀĂƌŝŽƵƐŚŽƵƐŝŶŐƚǇƉĞƐƐƵƉƉŽƌƚĞĚǁŝƚŚŝŶĞĂĐŚ ŚŽƵƐŝŶŐůŝĨĞĐǇĐůĞ͘/ŶĨŽƌŵĂƚŝŽŶŽŶƐƋƵĂƌĞĨŽŽƚĂŐĞ͕ĂǀĞƌĂŐĞďĞĚƌŽŽŵƐͬďĂƚŚƌŽŽŵƐ͕ĂŶĚůŽƚƐŝǌĞŝƐ ƉƌŽǀŝĚĞĚŽŶƚŚĞƐƵďƐĞƋƵĞŶƚŐƌĂƉŚŝĐ͘ ,ŽƵƐŝŶŐĞŵĂŶĚKǀĞƌǀŝĞǁ dŚĞƉƌĞǀŝŽƵƐƐĞĐƚŝŽŶƐŽĨƚŚŝƐĂƐƐĞƐƐŵĞŶƚĨŽĐƵƐĞĚŽŶĚĞŵŽŐƌĂƉŚŝĐĂŶĚĞĐŽŶŽŵŝĐĨĂĐƚŽƌƐĚƌŝǀŝŶŐ ĚĞŵĂŶĚĨŽƌŚŽƵƐŝŶŐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘/ŶƚŚŝƐƐĞĐƚŝŽŶ͕ǁĞƵƚŝůŝǌĞĨŝŶĚŝŶŐƐĨƌŽŵ ƚŚĞĞĐŽŶŽŵŝĐĂŶĚĚĞŵŽŐƌĂƉŚŝĐĂŶĂůǇƐŝƐƚŽĐĂůĐƵůĂƚĞĚĞŵĂŶĚĨŽƌŶĞǁŐĞŶĞƌĂůŽĐĐƵƉĂŶĐǇ ŚŽƵƐŝŶŐƵŶŝƚƐŝŶƚŚĞŽƵŶƚǇ͘/ŶĂĚĚŝƚŝŽŶ͕ǁĞƉƌĞƐĞŶƚŚŽƵƐŝŶŐĚĞŵĂŶĚĨŽƌĞĂĐŚƐƵďŵĂƌŬĞƚŝŶƚŚĞ ŽƵŶƚǇ͘ ,ŽƵƐŝŶŐŵĂƌŬĞƚƐĂƌĞĚƌŝǀĞŶďǇĂƌĂŶŐĞŽĨƐƵƉƉůǇĂŶĚĚĞŵĂŶĚĨĂĐƚŽƌƐƚŚĂƚǀĂƌǇďǇůŽĐĂƚŝŽŶĂŶĚ ƐƵďŵĂƌŬĞƚ͘dŚĞĨŽůůŽǁŝŶŐďƵůůĞƚƉŽŝŶƚƐŽƵƚůŝŶĞƐĞǀĞƌĂůŽĨƚŚĞŬĞǇǀĂƌŝĂďůĞƐĚƌŝǀŝŶŐŚŽƵƐŝŶŐ ĚĞŵĂŶĚ͘ ĞŵŽŐƌĂƉŚŝĐƐ ĞŵŽŐƌĂƉŚŝĐƐĂƌĞŵĂũŽƌŝŶĨůƵĞŶĐĞƐƚŚĂƚĚƌŝǀĞŚŽƵƐŝŶŐĚĞŵĂŶĚ͘,ŽƵƐĞŚŽůĚŐƌŽǁƚŚĂŶĚ ĨŽƌŵĂƚŝŽŶƐĂƌĞĐƌŝƚŝĐĂů;ŶĂƚƵƌĂůŐƌŽǁƚŚ͕ŝŵŵŝŐƌĂƚŝŽŶ͕ĞƚĐ͘Ϳ͕ĂƐǁĞůůĂƐŚŽƵƐĞŚŽůĚƚǇƉĞƐ͕ƐŝǌĞ͕ĂŐĞ ŽĨŚŽƵƐĞŚŽůĚĞƌƐ͕ŝŶĐŽŵĞƐ͕ĞƚĐ͘ ĐŽŶŽŵǇΘ:Žď'ƌŽǁƚŚ dŚĞĞĐŽŶŽŵǇĂŶĚŚŽƵƐŝŶŐŵĂƌŬĞƚĂƌĞŝŶƚĞƌƚǁŝŶĞĚ͖ƚŚĞŚĞĂůƚŚŽĨƚŚĞŚŽƵƐŝŶŐŵĂƌŬĞƚĂĨĨĞĐƚƐƚŚĞ ďƌŽĂĚĞƌĞĐŽŶŽŵǇĂŶĚǀŝĐĞǀĞƌƐĂ͘,ŽƵƐŝŶŐŵĂƌŬĞƚŐƌŽǁƚŚĚĞƉĞŶĚƐŽŶũŽďŐƌŽǁƚŚ;ŽƌƚŚĞ ƉƌŽƐƉĞĐƚŽĨͿ͖ũŽďƐŐĞŶĞƌĂƚĞŝŶĐŽŵĞŐƌŽǁƚŚǁŚŝĐŚƌĞƐƵůƚƐŝŶƚŚĞĨŽƌŵĂƚŝŽŶŽĨŵŽƌĞŚŽƵƐĞŚŽůĚƐ͘ ,ŝƐƚŽƌŝĐĂůůǇůŽǁƵŶĞŵƉůŽǇŵĞŶƚƌĂƚĞƐŚĂǀĞĚƌŝǀĞŶďŽƚŚĞǆŝƐƚŝŶŐŚŽŵĞƉƵƌĐŚĂƐĞƐĂŶĚŶĞǁͲŚŽŵĞ Dy&/>Z^Z,ΘKE^h>d/E'ϮϬϵ ,Kh^/E'DEE>z^/^ ƉƵƌĐŚĂƐĞƐ͘>ĂĐŬŽĨũŽďŐƌŽǁƚŚůĞĂĚƐƚŽƐůŽǁŽƌĚŝŵŝŶŝƐŚŝŶŐŚŽƵƐĞŚŽůĚŐƌŽǁƚŚ͕ǁŚŝĐŚŝŶͲƚƵƌŶ ƌĞůĂƚĞƐƚŽƌĞĚƵĐĞĚŚŽƵƐŝŶŐĚĞŵĂŶĚ͘ĚĚŝƚŝŽŶĂůůǇ͕ůŽǁͲŝŶĐŽŵĞŐƌŽǁƚŚƌĞƐƵůƚƐŝŶĨĞǁĞƌŵŽǀĞͲƵƉ ďƵǇĞƌƐǁŚŝĐŚƌĞƐƵůƚƐŝŶĚŝŵŝŶŝƐŚĞĚŚŽƵƐŝŶŐƚƵƌŶŽǀĞƌĂĐƌŽƐƐĂůůŝŶĐŽŵĞďƌĂĐŬĞƚƐ͘ ŽŶƐƵŵĞƌŚŽŝĐĞͬWƌĞĨĞƌĞŶĐĞƐ ǀĂƌŝĞƚǇŽĨĨĂĐƚŽƌƐĐŽŶƚƌŝďƵƚĞƚŽĐŽŶƐƵŵĞƌĐŚŽŝĐĞĂŶĚƉƌĞĨĞƌĞŶĐĞƐ͘DĂŶǇƚŝŵĞƐ͕ĂĐŚĂŶŐĞŝŶ ĨĂŵŝůǇƐƚĂƚƵƐŝƐƚŚĞƉƌŝŵĂƌǇĨĂĐƚŽƌĨŽƌĂĐŚĂŶŐĞŝŶŚŽƵƐŝŶŐƚǇƉĞ;ŝ͘Ğ͘ŐƌŽǁŝŶŐĨĂŵŝůŝĞƐ͕ĞŵƉƚǇͲ ŶĞƐƚĨĂŵŝůŝĞƐ͕ĞƚĐ͘Ϳ͘,ŽǁĞǀĞƌ͕ŚŽƵƐŝŶŐĚĞŵĂŶĚŝƐĂůƐŽŐĞŶĞƌĂƚĞĚĨƌŽŵƚŚĞƚƵƌŶŽǀĞƌŽĨĞǆŝƐƚŝŶŐ ŚŽƵƐĞŚŽůĚƐǁŚŽĚĞĐŝĚĞƚŽŵŽǀĞĨŽƌĂƌĂŶŐĞŽĨƌĞĂƐŽŶƐ͘^ŽŵĞŚŽƵƐĞŚŽůĚƐŵĂǇǁĂŶƚƚŽŵŽǀĞͲ ƵƉ͕ĚŽǁŶƐŝǌĞ͕ĐŚĂŶŐĞƚŚĞŝƌƚĞŶƵƌĞƐƚĂƚƵƐ;ŝ͘Ğ͘ŽǁŶĞƌƚŽƌĞŶƚĞƌŽƌǀŝĐĞǀĞƌƐĂͿ͕ŽƌƐŝŵƉůǇŵŽǀĞƚŽ ĂŶĞǁůŽĐĂƚŝŽŶ͘ ^ƵƉƉůǇ;ǆŝƐƚŝŶŐ,ŽƵƐŝŶŐ^ƚŽĐŬͿ dŚĞƐƚŽĐŬŽĨĞǆŝƐƚŝŶŐŚŽƵƐŝŶŐƉůĂǇƐĂĐƌƵĐŝĂůĐŽŵƉŽŶĞŶƚŝŶƚŚĞĚĞŵĂŶĚĨŽƌŶĞǁŚŽƵƐŝŶŐ͘dŚĞƌĞ ĂƌĞĂǀĂƌŝĞƚǇŽĨƵŶŝƋƵĞŚŽƵƐĞŚŽůĚƚǇƉĞƐĂŶĚƐƚǇůĞƐ͕ŶŽƚĂůůŽĨǁŚŝĐŚĂƌĞĚĞƐŝƌĂďůĞƚŽƚŽĚĂǇ͛Ɛ ĐŽŶƐƵŵĞƌƐ͘dŚĞĂŐĞŽĨƚŚĞŚŽƵƐŝŶŐƐƚŽĐŬŝƐĂŶŝŵƉŽƌƚĂŶƚĐŽŵƉŽŶĞŶƚĨŽƌŚŽƵƐŝŶŐĚĞŵĂŶĚ͕ĂƐ ĐŽŵŵƵŶŝƚŝĞƐǁŝƚŚĂŐŝŶŐŚŽƵƐŝŶŐƐƚŽĐŬƐŚĂǀĞŚŝŐŚĞƌĚĞŵĂŶĚĨŽƌƌĞŵŽĚĞůŝŶŐƐĞƌǀŝĐĞƐ͕ ƌĞƉůĂĐĞŵĞŶƚŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶ͕ŽƌŶĞǁŚŽŵĞĐŽŶƐƚƌƵĐƚŝŽŶĂƐƚŚĞĐƵƌƌĞŶƚŝŶǀĞŶƚŽƌǇĚŽĞƐŶŽƚ ƉƌŽǀŝĚĞƚŚĞƐƵƉƉůǇƚŚĂƚĐŽŶƐƵŵĞƌƐƐĞĞŬ͘ WĞŶƚͲƵƉĚĞŵĂŶĚŵĂǇĂůƐŽĞǆŝƐƚŝĨƐƵƉƉůǇŝƐƵŶĂǀĂŝůĂďůĞĂƐŚŽƵƐĞŚŽůĚĞƌƐƉŽƐƚƉŽŶĞĂŵŽǀĞƵŶƚŝů ŶĞǁŚŽƵƐŝŶŐƉƌŽĚƵĐƚďĞĐŽŵĞƐĂǀĂŝůĂďůĞ͘ ,ŽƵƐŝŶŐ&ŝŶĂŶĐĞ ,ŽƵƐĞŚŽůĚŝŶĐŽŵĞŝƐƚŚĞĨƵŶĚĂŵĞŶƚĂůŵĞĂƐƵƌĞƚŚĂƚĚŝĐƚĂƚĞƐǁŚĂƚĂŚŽƵƐĞŚŽůĚĞƌĐĂŶĂĨĨŽƌĚƚŽ ƉĂǇĨŽƌŚŽƵƐŝŶŐĐŽƐƚƐ͘ĐĐŽƌĚŝŶŐƚŽƚŚĞh͘^͘ĞƉĂƌƚŵĞŶƚŽĨ,ŽƵƐŝŶŐĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚ ;,hͿ͕ƚŚĞĚĞĨŝŶŝƚŝŽŶŽĨĂĨĨŽƌĚĂďŝůŝƚǇŝƐĨŽƌĂŚŽƵƐĞŚŽůĚƚŽƉĂǇŶŽŵŽƌĞƚŚĂŶϯϬйŽĨŝƚƐĂŶŶƵĂů ŝŶĐŽŵĞŽŶŚŽƵƐŝŶŐ;ŝŶĐůƵĚŝŶŐƵƚŝůŝƚŝĞƐͿ͘&ĂŵŝůŝĞƐǁŚŽƉĂǇŵŽƌĞƚŚĂŶϯϬйŽĨƚŚĞŝƌŝŶĐŽŵĞĨŽƌ ŚŽƵƐŝŶŐ;ĞŝƚŚĞƌƌĞŶƚŽƌŵŽƌƚŐĂŐĞͿĂƌĞĐŽŶƐŝĚĞƌĞĚĐŽƐƚďƵƌĚĞŶĞĚĂŶĚŵĂǇŚĂǀĞĚŝĨĨŝĐƵůƚǇ ĂĨĨŽƌĚŝŶŐŶĞĐĞƐƐŝƚŝĞƐƐƵĐŚĂƐĨŽŽĚ͕ĐůŽƚŚŝŶŐ͕ƚƌĂŶƐƉŽƌƚĂƚŝŽŶĂŶĚŵĞĚŝĐĂůĐĂƌĞ͘ DŽďŝůŝƚǇ /ƚŝƐŝŵƉŽƌƚĂŶƚƚŽŶŽƚĞƚŚĂƚĚĞŵĂŶĚŝƐƐŽŵĞǁŚĂƚĨůƵŝĚďĞƚǁĞĞŶƐƵďŵĂƌŬĞƚƐĂŶĚǁŝůůďĞ ŝŵƉĂĐƚĞĚďǇĚĞǀĞůŽƉŵĞŶƚĂĐƚŝǀŝƚǇŝŶŶĞĂƌďǇĂƌĞĂƐ͕ŝŶĐůƵĚŝŶŐŽƚŚĞƌĐŽŵŵƵŶŝƚŝĞƐŽƵƚƐŝĚĞ KůŵƐƚĞĚŽƵŶƚǇ͘ĞŵĂŶĚŐŝǀĞŶĨŽƌĞĂĐŚƐƵďŵĂƌŬĞƚŵĂǇďĞůŽǁĞƌŽƌŚŝŐŚĞƌŝĨƉƌŽƉŽƐĞĚĂŶĚͬŽƌ ƉůĂŶŶĞĚĚĞǀĞůŽƉŵĞŶƚƐŵŽǀĞĨŽƌǁĂƌĚ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϮϭϬ ,Kh^/E'DEE>z^/^ &ŽƌͲ^ĂůĞ,ŽƵƐŝŶŐĞŵĂŶĚŶĂůǇƐŝƐ dĂďůĞ,Ͳϭ;ůŽĐĂƚĞĚŝŶƚŚĞĂƉƉĞŶĚŝǆͿƉƌĞƐĞŶƚƐŽƵƌĚĞŵĂŶĚĐĂůĐƵůĂƚŝŽŶƐĨŽƌŐĞŶĞƌĂůŽĐĐƵƉĂŶĐǇ ĨŽƌͲƐĂůĞŚŽƵƐŝŶŐŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂďĞƚǁĞĞŶϮϬϮϱĂŶĚϮϬϯϱ͘dŚŝƐĂŶĂůǇƐŝƐ ŝĚĞŶƚŝĨŝĞƐƉŽƚĞŶƚŝĂůĚĞŵĂŶĚĨŽƌŐĞŶĞƌĂůŽĐĐƵƉĂŶĐǇĨŽƌͲƐĂůĞŚŽƵƐŝŶŐƚŚĂƚŝƐŐĞŶĞƌĂƚĞĚĨƌŽŵďŽƚŚ ŶĞǁŚŽƵƐĞŚŽůĚƐĂŶĚƚƵƌŶŽǀĞƌŚŽƵƐĞŚŽůĚƐ͘dŚĞĨŽůůŽǁŝŶŐƉŽŝŶƚƐƐƵŵŵĂƌŝǌĞŽƵƌĨŝŶĚŝŶŐƐ͘ ĞĐĂƵƐĞƚŚĞϳϱĂŶĚŽůĚĞƌĐŽŚŽƌƚŝƐƚǇƉŝĐĂůůǇŶŽƚĂƚĂƌŐĞƚŵĂƌŬĞƚĨŽƌŶĞǁŐĞŶĞƌĂůŽĐĐƵƉĂŶĐǇ x ĨŽƌͲƐĂůĞŚŽƵƐŝŶŐ͕ǁĞůŝŵŝƚĚĞŵĂŶĚĨƌŽŵŚŽƵƐĞŚŽůĚŐƌŽǁƚŚƚŽŽŶůǇƚŚŽƐĞŚŽƵƐĞŚŽůĚƐƵŶĚĞƌ ƚŚĞĂŐĞŽĨϳϱ͘ĐĐŽƌĚŝŶŐƚŽŽƵƌƉƌŽũĞĐƚŝŽŶƐ͕ƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝƐĞǆƉĞĐƚĞĚƚŽ ŝŶĐƌĞĂƐĞďǇŽǀĞƌϰ͕ϮϬϬŚŽƵƐĞŚŽůĚƐƵŶĚĞƌĂŐĞϳϱďĞƚǁĞĞŶϮϬϮϱĂŶĚϮϬϯϱ͘ ĂƐĞĚŽŶŚŽƵƐĞŚŽůĚƚĞŶƵƌĞĚĂƚĂĨƌŽŵƚŚĞh^ĞŶƐƵƐ͕ǁĞĞǆƉĞĐƚƚŚĂƚďĞƚǁĞĞŶϲϰйŽĨƚŚĞ x ĚĞŵĂŶĚƚŽϵϱйŽĨƚŚĞĚĞŵĂŶĚŝŶƚŚĞDĂƌŬĞƚƌĞĂƐƵďŵĂƌŬĞƚƐǁŝůůďĞĨŽƌŽǁŶĞĚŚŽƵƐŝŶŐ ƵŶŝƚƐ͘,ŽƵƐĞŚŽůĚŐƌŽǁƚŚŝƐĞǆƉĞĐƚĞĚŝŶĂůůƐƵďŵĂƌŬĞƚƐƵŶĚĞƌƚŚĞĂŐĞŽĨϳϱǁŝƚŚĂƚŽƚĂů ĚĞŵĂŶĚĨŽƌũƵƐƚŽǀĞƌϮ͕ϵϬϬŶĞǁŚŽƵƐĞŚŽůĚŐƌŽǁƚŚĨƌŽŵŚŽƵƐĞŚŽůĚƐƵŶĚĞƌƚŚĞĂŐĞŽĨϳϱŝŶ ƚŚĞKůŵƐƚĞĚŽƵŶƚǇ͘ ƐŽĨϮϬϮϱƚŚĞƌĞĂƌĞĂŶĞƐƚŝŵĂƚĞĚϰϵ͕ϰϭϱŽǁŶĞƌŚŽƵƐĞŚŽůĚƐƵŶĚĞƌĂŐĞϳϱŝŶƚŚĞŽƵŶƚǇ͘ x ĂƐĞĚŽŶŚŽƵƐĞŚŽůĚƚƵƌŶŽǀĞƌĚĂƚĂĨƌŽŵƚŚĞϮϬϮϯŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ^ƵƌǀĞǇ͕ǁĞ ĞƐƚŝŵĂƚĞƚŚĂƚƚŚĞDĂƌŬĞƚƌĞĂƐƵďŵĂƌŬĞƚƐǁŝƚŚƌĂŶŐĞĨƌŽŵϮϴйĂŶĚϯϴйŽĨƚŚĞƐĞƵŶĚĞƌͲϳϱ ŽǁŶĞƌŚŽƵƐĞŚŽůĚƐǁŝůůĞǆƉĞƌŝĞŶĐĞƚƵƌŶŽǀĞƌďĞƚǁĞĞŶϮϬϮϱĂŶĚϮϬϯϱ͘ ŽŶƐŝĚĞƌŝŶŐƚŚĞĂŐĞŽĨƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ͛ƐŚŽƵƐŝŶŐƐƚŽĐŬĂŶĚƚŚĞůĂĐŬŽĨ x ƐƵƉƉůǇŽŶƚŚĞŵĂƌŬĞƚ͕ǁĞĞƐƚŝŵĂƚĞƚŚĂƚϭϰйŽĨƚŚĞŚŽƵƐĞŚŽůĚƐƚƵƌŶŝŶŐŽǀĞƌǁŝůůĚĞƐŝƌĞŶĞǁ ŚŽƵƐŝŶŐĂĐƌŽƐƐĂůůƐƵďŵĂƌŬĞƚƐ͘dŚŝƐĞƐƚŝŵĂƚĞƌĞƐƵůƚƐŝŶĚĞŵĂŶĚĨƌŽŵĞǆŝƐƚŝŶŐŚŽƵƐĞŚŽůĚƐ ĨŽƌϮ͕ϰϮϬŶĞǁƌĞƐŝĚĞŶƚŝĂůƵŶŝƚƐŝŶƚŚĞDĂƌŬĞƚƌĞĂďĞƚǁĞĞŶϮϬϮϱĂŶĚϮϬϯϱ͘ &ŽƌͲ^ĂůĞĞŵĂŶĚďǇ^ƵďŵĂƌŬĞƚ ϮϬϮϱͲϮϬϯϱ ϯ͕ϱϬϬ ^&D& ϯ͕ϬϬϬ ϯ͕Ϯϵϴ Ϯ͕ϱϬϬ ϭ͕ϳϳϲ Ϯ͕ϬϬϬ ϭ͕ϱϬϬ hŶŝƚƐ ϭ͕ϬϬϬ ϯϵϰ ϯϭϬ ϭϲϵ Ϯϱϯ ϱϬϬ ϮϭϮ ϭϬϰ Ϯϱϭ ϳϭ ϰϱ Ϯϴ Ϯϲ Ϭ Dy&/>Z^Z,ΘKE^h>d/E'ϮϭϮ ,Kh^/E'DEE>z^/^ dŽƚĂůĚĞŵĂŶĚĨƌŽŵŚŽƵƐĞŚŽůĚŐƌŽǁƚŚĂŶĚĞǆŝƐƚŝŶŐŚŽƵƐĞŚŽůĚƚƵƌŶŽǀĞƌďĞƚǁĞĞŶϮϬϮϱĂŶĚ x ϮϬϯϱĞƋƵĂƚĞƐƚŽŽǀĞƌϱ͕ϯϬϬŶĞǁĨŽƌͲƐĂůĞŚŽƵƐŝŶŐƵŶŝƚƐ͘ 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ŝĚĞŶƚŝĨŝĞƐƉŽƚĞŶƚŝĂůĚĞŵĂŶĚĨŽƌƌĞŶƚĂůŚŽƵƐŝŶŐƚŚĂƚŝƐŐĞŶĞƌĂƚĞĚĨƌŽŵŶĞǁĂŶĚƚƵƌŶŽǀĞƌ ŚŽƵƐĞŚŽůĚƐ͘ ĐĐŽƌĚŝŶŐƚŽƉƌŽũĞĐƚŝŽŶƐ͕ƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂŝƐĞǆƉĞĐƚĞĚƚŽŝŶĐƌĞĂƐĞďǇϯ͕ϲϬϴ x ŶŽŶͲƐĞŶŝŽƌŚŽƵƐĞŚŽůĚƐĂŶĚϰ͕ϳϲϵƐĞŶŝŽƌŚŽƵƐĞŚŽůĚƐďĞƚǁĞĞŶϮϬϮϱĂŶĚϮϬϯϱ͘ĞĐĂƵƐĞƚŚĞ ϲϱĂŶĚŽůĚĞƌĐŽŚŽƌƚŝƐƚǇƉŝĐĂůůǇŶŽƚĂƚĂƌŐĞƚŵĂƌŬĞƚĨŽƌŶĞǁŐĞŶĞƌĂůͲŽĐĐƵƉĂŶĐǇŵĂƌŬĞƚƌĂƚĞ ƌĞŶƚĂůŚŽƵƐŝŶŐ͕ǁĞůŝŵŝƚĚĞŵĂŶĚĨƌŽŵƐĞŶŝŽƌŚŽƵƐĞŚŽůĚŐƌŽǁƚŚƚŽŽŶůǇϮϬйŽĨƚŚŽƐĞ ŚŽƵƐĞŚŽůĚƐŽǀĞƌƚŚĞĂŐĞŽĨϲϱ͘ ĂƐĞĚŽŶĞĂĐŚƐƵďŵĂƌŬĞƚ͕ǁĞŝĚĞŶƚŝĨǇƚŚĞƉĞƌĐĞŶƚĂŐĞŽĨŚŽƵƐĞŚŽůĚƐƚŚĂƚĂƌĞůŝŬĞůǇƚŽƌĞŶƚ x ƚŚĞŝƌŚŽƵƐŝŶŐďĂƐĞĚŽŶϮϬϮϬƚĞŶƵƌĞĚĂƚĂ͘dŚĞƉƌŽƉĞŶƐŝƚǇƚŽƌĞŶƚƌĂŶŐĞƐĨƌŽŵϲйƚŽϯϵйĨŽƌ ŶŽŶͲƐĞŶŝŽƌĂŶĚϯйƚŽϮϰйĨŽƌƐĞŶŝŽƌƐďĂƐĞĚŽŶƚŚĞƐƵďŵĂƌŬĞƚ͘ĨƚĞƌĂĚũƵƐƚŝŶŐŚŽƵƐĞŚŽůĚ ŐƌŽǁƚŚďǇƌĞŶƚĞƌƐ͕ƚŚĞƌĞŝƐŐƌŽǁƚŚŽĨϭ͕ϰϳϳƌĞŶƚĞƌƐƚŽϮϬϯϱĨŽƌƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐŝŶƚŚĞ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĨƌŽŵŶĞǁŚŽƵƐĞŚŽůĚƐ͘ ^ĞĐŽŶĚůǇ͕ǁĞĐĂůĐƵůĂƚĞĚĞŵĂŶĚĨƌŽŵĞǆŝƐƚŝŶŐŚŽƵƐĞŚŽůĚƐŝŶKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ x ƚŚĂƚĐŽƵůĚďĞĞǆƉĞĐƚĞĚƚŽƚƵƌŶŽǀĞƌďĞƚǁĞĞŶϮϬϮϱĂŶĚϮϬϯϱ͘ƐŽĨϮϬϮϱ͕ƚŚĞƌĞĂƌĞĂŶ ĞƐƚŝŵĂƚĞĚϭϵ͕ϱϳϬŶŽŶͲƐĞŶŝŽƌƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐĂŶĚϯ͕ϳϭϵƐĞŶŝŽƌƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐŝŶƚŚĞ DĂƌŬĞƚƌĞĂ͘ĂƐĞĚŽŶŚŽƵƐĞŚŽůĚƚƵƌŶŽǀĞƌĚĂƚĂĨƌŽŵƚŚĞϮϬϮϯŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ ^ƵƌǀĞǇ͕ǁĞĞƐƚŝŵĂƚĞƚŚĂƚďĞƚǁĞĞŶϲϰйĂŶĚϴϰйŽĨŶŽŶͲƐĞŶŝŽƌŚŽƵƐĞŚŽůĚƐĂŶĚďĞƚǁĞĞŶ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϭϰ ,Kh^/E'DEE>z^/^ ϮϲйĂŶĚϳϭйŽĨƐĞŶŝŽƌŚŽƵƐĞŚŽůĚƐǁŝůůĞǆƉĞƌŝĞŶĐĞƚƵƌŶŽǀĞƌďĞƚǁĞĞŶϮϬϮϱĂŶĚϮϬϯϱ ;ƚƵƌŶŽǀĞƌƌĂƚĞǀĂƌŝĞƐďǇƐƵďŵĂƌŬĞƚͿ͘ ZĞŶƚĂů,ŽƵƐŝŶŐĞŵĂŶĚďǇ^ƵďŵĂƌŬĞƚ ϮϬϮϱͲϮϬϯϱ ϯ͕ϱϬϬ DĂƌŬĞƚZĂƚĞ ϯ͕ϬϬϬ ĨĨŽƌĚĂďůĞ ϯ͕Ϭϰϵ Ϯ͕ϱϬϬ ^ƵďƐŝĚŝǌĞĚ Ϯ͕ϬϬϬ ϭ͕ϱϬϬ ϭ͕ϬϬϬ ϭ͕ϭϳϯ ϱϬϬ ϰϲϵ ϲϰ ϲϯϭϭϭϵϮϯϱϳϮϬϮϲϱϴϯϰ ϯϮ ϵϯϱϰϬϬϱ Ϭ ǇƌŽŶ^Ƶď͘ŚĂƚĨŝĞůĚĂƐƚ^Ƶď͘EŽƌƚŚ^Ƶď͘ZŽĐŚĞƐƚĞƌZŽĐŚ͘^ƚĞǁĂƌƚǀŝůůĞ ^Ƶď͘^Ƶď͘&ƌŝŶŐĞ^Ƶď͘^Ƶď͘ tĞƚŚĞŶĞƐƚŝŵĂƚĞƚŚĞƉĞƌĐĞŶƚŽĨĞǆŝƐƚŝŶŐƌĞŶƚĞƌŚŽƵƐĞŚŽůĚƐƚƵƌŶŝŶŐŽǀĞƌƚŚĂƚǁŽƵůĚƉƌĞĨĞƌ x ƚŽƌĞŶƚŝŶĂŶĞǁƌĞŶƚĂůĚĞǀĞůŽƉŵĞŶƚ͘ŽŶƐŝĚĞƌŝŶŐƚŚĞĂŐĞŽĨƚŚĞDĂƌŬĞƚƌĞĂ͛ƐŚŽƵƐŝŶŐ ƐƚŽĐŬĂŶĚƚŚĞĚĞƐŝƌĞĨŽƌĐŽŶƚĞŵƉŽƌĂƌǇĂƉĂƌƚŵĞŶƚƐ͕ǁĞĞƐƚŝŵĂƚĞƚŚĂƚϭϱйŽĨƚŚĞŚŽƵƐĞŚŽůĚƐ ƚƵƌŶŝŶŐŽǀĞƌŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂǁŝůůĚĞƐŝƌĞŶĞǁƌĞŶƚĂůŚŽƵƐŝŶŐ͘dŚŝƐ ĞƐƚŝŵĂƚĞƌĞƐƵůƚƐŝŶĚĞŵĂŶĚĨƌŽŵĞǆŝƐƚŝŶŐŚŽƵƐĞŚŽůĚƐĨŽƌϮ͕ϱϭϲŶĞǁƌĞŶƚĂůƵŶŝƚƐďĞƚǁĞĞŶ ϮϬϮϱĂŶĚϮϬϯϱ͘ŽŵďŝŶŝŶŐĚĞŵĂŶĚĨƌŽŵŚŽƵƐĞŚŽůĚŐƌŽǁƚŚƉůƵƐƚƵƌŶŽǀĞƌƌĞƐƵůƚƐŝŶƚŽƚĂů 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,Kh^/E'DEE>z^/^ ^ĞŶŝŽƌ,ŽƵƐŝŶŐĞŵĂŶĚŶĂůǇƐŝƐ dĂďůĞƐ,ͲϯƚŚƌŽƵŐŚ,Ͳϳ;ůŽĐĂƚĞĚŝŶƚŚĞƉƉĞŶĚŝǆͿƐŚŽǁƐĚĞŵĂŶĚĐĂůĐƵůĂƚŝŽŶƐĨŽƌƐĞŶŝŽƌ ŚŽƵƐŝŶŐŝŶKůŵƐƚĞĚŽƵŶƚǇŶĂůǇƐŝƐƌĞĂďǇƐƵďŵĂƌŬĞƚĨƌŽŵϮϬϮϱƚŽϮϬϯϱ͘ĞŵĂŶĚ ŵĞƚŚŽĚŽůŽŐǇĞŵƉůŽǇĞĚďǇDĂǆĨŝĞůĚZĞƐĞĂƌĐŚƵƚŝůŝǌĞƐĐĂƉƚƵƌĞĂŶĚƉĞŶĞƚƌĂƚŝŽŶƌĂƚĞƐƚŚĂƚďůĞŶĚ ŶĂƚŝŽŶĂůƐĞŶŝŽƌŚŽƵƐŝŶŐƚƌĞŶĚƐǁŝƚŚůŽĐĂůŵĂƌŬĞƚĐŚĂƌĂĐƚĞƌŝƐƚŝĐƐ͕ƉƌĞĨĞƌĞŶĐĞƐ͕ĂŶĚƉĂƚƚĞƌŶƐ͘KƵƌ ĚĞŵĂŶĚĐĂůĐƵůĂƚŝŽŶƐĐŽŶƐŝĚĞƌƚŚĞĨŽůůŽǁŝŶŐƚĂƌŐĞƚŵĂƌŬĞƚƐĞŐŵĞŶƚƐĨŽƌĞĂĐŚƉƌŽĚƵĐƚƚǇƉĞƐ͗ ĞĞƉͲ^ƵďƐŝĚǇ;^ƵďƐŝĚŝǌĞĚͿĐƚŝǀĞĚƵůƚ,ŽƵƐŝŶŐ ͗dĂƌŐĞƚŵĂƌŬĞƚďĂƐĞĚŝŶĐůƵĚĞƐĂŐĞϱϱнŽůĚĞƌ ĂĚƵůƚĂŶĚƐĞŶŝŽƌŚŽƵƐĞŚŽůĚƐƚŚĂƚŝŶĐŽŵĞƋƵĂůŝĨǇďĂƐĞĚŽŶ,hǀĞƌǇůŽǁͲŝŶĐŽŵĞΨϰϭ͕ϬϱϬŽƌůĞƐƐ ĨŽƌŽŶĞͲƉĞƌƐŽŶŚŽƵƐĞŚŽůĚƐĂƚϱϬйŽĨƚŚĞĐŽƵŶƚǇD/ŝŶϮϬϮϱ͘ ^ŚĂůůŽǁͲ^ƵďƐŝĚǇ;ĨĨŽƌĚĂďůĞͿĐƚŝǀĞĚƵůƚ,ŽƵƐŝŶŐ ͗dĂƌŐĞƚŵĂƌŬĞƚďĂƐĞŝŶĐůƵĚĞƐĂŐĞϲϮнŽůĚĞƌ ĂĚƵůƚĂŶĚƐĞŶŝŽƌŚŽƵƐĞŚŽůĚƐƚŚĂƚŝŶĐŽŵĞƋƵĂůŝĨǇĨŽƌ>/,dďĂƐĞĚŽŶŝŶĐŽŵĞůŝŵŝƚƐĂƚŽƌďĞůŽǁ Ψϱϲ͕ϮϴϬĨŽƌĂƚǁŽͲƉĞƌƐŽŶŚŽƵƐĞŚŽůĚĂƚϲϬйŽĨƚŚĞĐŽƵŶƚǇD/ĂŶĚǁŚŽĐĂŶĂĨĨŽƌĚƌĞŶƚƐƐĞƚĂƚ ϱϬйŽĨĐŽƵŶƚǇD/ŽĨΨϭ͕ϬϮϲĨŽƌĞĨĨŝĐŝĞŶĐǇƵŶŝƚƐŝŶϮϬϮϱ͘ DĂƌŬĞƚZĂƚĞĐƚŝǀĞĚƵůƚZĞŶƚĂůĂŶĚKǁŶĞƌƐŚŝƉ,ŽƵƐŝŶŐ ͗dĂƌŐĞƚŵĂƌŬĞƚďĂƐĞŝŶĐůƵĚĞƐĂŐĞ ϱϱнŽůĚĞƌĂĚƵůƚĂŶĚƐĞŶŝŽƌŚŽƵƐĞŚŽůĚƐǁŝƚŚŝŶĐŽŵĞƐŽĨΨϰϬ͕ϬϬϬŽƌŵŽƌĞĂŶĚƐĞŶŝŽƌ ŚŽŵĞŽǁŶĞƌƐǁŝƚŚŝŶĐŽŵĞƐďĞƚǁĞĞŶΨϯϬ͕ϬϬϬĂŶĚΨϯϵ͕ϵϵϵŝŶϮϬϮϱ͘ /ŶĚĞƉĞŶĚĞŶƚ>ŝǀŝŶŐ,ŽƵƐŝŶŐ ͗dĂƌŐĞƚŵĂƌŬĞƚďĂƐĞŝŶĐůƵĚĞƐĂŐĞϲϱнƐĞŶŝŽƌƐǁŚŽǁŽƵůĚďĞ ĨŝŶĂŶĐŝĂůůǇĂďůĞƚŽƉĂǇĨŽƌŚŽƵƐŝŶŐĂŶĚƐĞƌǀŝĐĞĐŽƐƚƐ;Ψϯϱ͕ϬϬϬŽƌŵŽƌĞĂŶĚƐĞŶŝŽƌŚŽŵĞŽǁŶĞƌƐ ǁŝƚŚŝŶĐŽŵĞƐďĞƚǁĞĞŶΨϯϬ͕ϬϬϬĂŶĚΨϯϰ͕ϵϵϵŝŶϮϬϮϱͿĂƐƐŽĐŝĂƚĞĚǁŝƚŚŝŶĚĞƉĞŶĚĞŶƚůŝǀŝŶŐ ŚŽƵƐŝŶŐ͘/ŶĐŽŵĞͲƌĂŶŐĞƐĐŽŶƐŝĚĞƌĞĚĐĂƉĂďůĞŽĨƉĂǇŝŶŐĨŽƌĐŽŶŐƌĞŐĂƚĞŚŽƵƐŝŶŐĂƌĞƚŚĞƐĂŵĞĂƐ ĨŽƌĂĐƚŝǀĞĂĚƵůƚŚŽƵƐŝŶŐ͘ ƐƐŝƐƚĞĚ>ŝǀŝŶŐ,ŽƵƐŝŶŐ ͗dĂƌŐĞƚŵĂƌŬĞƚďĂƐĞŝŶĐůƵĚĞƐŽůĚĞƌƐĞŶŝŽƌƐ;ĂŐĞϳϱнͿǁŚŽǁŽƵůĚďĞ ĨŝŶĂŶĐŝĂůůǇĂďůĞƚŽƉĂǇĨŽƌƉƌŝǀĂƚĞƉĂǇĂƐƐŝƐƚĞĚůŝǀŝŶŐŚŽƵƐŝŶŐ;ŝŶĐŽŵĞƐŽĨΨϱϬ͕ϬϬϬŽƌŵŽƌĞĂŶĚĂ ƉŽƌƚŝŽŶŽĨŚŽŵĞŽǁŶĞƌƐǁŝƚŚŝŶĐŽŵĞƐďĞůŽǁΨϱϬ͕ϬϬϬͿŝŶϮϬϮϱ͘ DĞŵŽƌǇĂƌĞ,ŽƵƐŝŶŐ ͗dĂƌŐĞƚŵĂƌŬĞƚďĂƐĞŝŶĐůƵĚĞƐĂŐĞϲϱнƐĞŶŝŽƌƐǁŚŽǁŽƵůĚďĞĨŝŶĂŶĐŝĂůůǇ ĂďůĞƚŽƉĂǇĨŽƌŚŽƵƐŝŶŐĂŶĚƐĞƌǀŝĐĞĐŽƐƚƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚŵĞŵŽƌǇĐĂƌĞŚŽƵƐŝŶŐ͘/ŶĐŽŵĞƌĂŶŐĞƐ ĐŽŶƐŝĚĞƌĞĚĐĂƉĂďůĞŽĨƉĂǇŝŶŐĨŽƌŵĞŵŽƌǇĐĂƌĞŚŽƵƐŝŶŐ;ΨϲϬ͕ϬϬϬŽƌŵŽƌĞŝŶϮϬϮϱͿĂƌĞŚŝŐŚĞƌ ƚŚĂŶŽƚŚĞƌƐĞƌǀŝĐĞůĞǀĞůƐĚƵĞƚŽƚŚĞŝŶĐƌĞĂƐĞĚĐŽƐƚŽĨĐĂƌĞ͘ ǆŝƐƚŝŶŐƐĞŶŝŽƌŚŽƵƐŝŶŐƵŶŝƚƐĂƌĞƐƵďƚƌĂĐƚĞĚĨƌŽŵŽǀĞƌĂůůĚĞŵĂŶĚĨŽƌĞĂĐŚƉƌŽĚƵĐƚƚǇƉĞ͘ dŚĞŵĂƉŽŶƚŚĞĨŽůůŽǁŝŶŐƉĂŐĞƐŚŽǁƐĂŐĞͲƌĞƐƚƌŝĐƚĞĚĚĞŵĂŶĚďǇƐƵďŵĂƌŬĞƚŝŶƚŚĞKůŵƐƚĞĚ ŽƵŶƚǇDĂƌŬĞƚƌĞĂ͘ĞƚĂŝůĞĚĚĞŵĂŶĚƐƵŵŵĂƌŝĞƐďǇƐƵďŵĂƌŬĞƚĂƌĞƉƌŽǀŝĚĞĚŝŶdĂďůĞ,ͲϭϬ͘ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϭϳ ,Kh^/E'DEE>z^/^ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĞŵĂŶĚ^ƵŵŵĂƌǇ dŚĞŚŽƵƐŝŶŐĚĞŵĂŶĚĐĂůĐƵůĂƚŝŽŶƐŝŶdĂďůĞƐ,ͲϭƚŚƌŽƵŐŚ,ͲϳůŽĐĂƚĞĚŝŶƚŚĞƉƉĞŶĚŝǆŝŶĚŝĐĂƚĞ ƚŚĂƚďĞƚǁĞĞŶϮϬϮϱĂŶĚϮϬϯϱ͕ϲ͕ϵϯϳĨŽƌͲƐĂůĞŚŽƵƐŝŶŐƵŶŝƚƐ͕ϱ͕ϭϮϰŐĞŶĞƌĂůŽĐĐƵƉĂŶĐǇƌĞŶƚĂůƵŶŝƚƐ ĂŶĚϱ͕ϴϴϬƚŽƚĂůƐĞŶŝŽƌƵŶŝƚƐǁŝůůďĞŶĞĞĚĞĚŝŶƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂďǇϮϬϯϱƚŽ ƐĂƚŝƐĨǇƚŚĞŚŽƵƐŝŶŐĚĞŵĂŶĚĨŽƌĐƵƌƌĞŶƚĂŶĚĨƵƚƵƌĞƌĞƐŝĚĞŶƚƐ͘^ƵŵŵĂƌǇĚĞŵĂŶĚƚĂďůĞƐĨŽƌ ŐĞŶĞƌĂůŽĐĐƵƉĂŶĐǇĂŶĚƐĞŶŝŽƌŚŽƵƐŝŶŐĂƌĞďƌŽŬĞŶĚŽǁŶďǇƐƵďŵĂƌŬĞƚŝŶdĂďůĞƐ,ͲϴĂŶĚ,Ͳϵ͘ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ,ŽƵƐŝŶŐĞŵĂŶĚďǇdǇƉĞ ϮϬϮϱͲϮϬϯϱ &^Ͳ^& &^ͲD& ǇƌŽŶ^Ƶď͘ ZĞŶƚĂůͲDZ ŚĂƚĨŝĞůĚ^Ƶď͘ ZĞŶƚĂůͲĨĨ ZĞŶƚĂůͲ^ƵďƐ͘ ĂƐƚ^Ƶď͘ ^ĞŶŝŽƌͲ^ƵďƐ͘ EŽƌƚŚ^Ƶď͘ ^ĞŶŝŽƌͲĨĨ͘ ^ĞŶŝŽƌͲDZZĞŶƚĂů ZŽĐŚĞƐƚĞƌ^Ƶď͘ ^ĞŶŝŽƌͲDZKǁŶĞƌ ZŽĐŚ͘&ƌŝŶŐĞ /> ^Ƶď͘ >^ƚĞǁĂƌƚǀŝůůĞ ^Ƶď͘ D ϬϱϬϬϭ͕ϬϬϬϭ͕ϱϬϬϮ͕ϬϬϬϮ͕ϱϬϬϯ͕ϬϬϬϯ͕ϱϬϬϰ͕ϬϬϬϰ͕ϱϬϬϱ͕ϬϬϬ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϭϵ ,Kh^/E'DEE>z^/^ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ĞŵĂŶĚǇ^ƵďŵĂƌŬĞƚϮϬϮϱͲϮϬϯϱ ϭϲ͕ϬϬϬ ϭϯ͕ϵϱϱ ϭϰ͕ϬϬϬ ϭϮ͕ϬϬϬ ϭϬ͕ϬϬϬ ϴ͕ϬϬϬ ϲ͕ϬϬϬ ϰ͕ϬϬϬ Ϯ͕ϬϬϬ ϵϱϴ ϳϮϴϳϮϲ ϲϯϰ ϲϬϯ ϯϭϲ Ϭ ǇƌŽŶ^Ƶď͘ŚĂƚĨŝĞůĚĂƐƚ^Ƶď͘EŽƌƚŚ^Ƶď͘ZŽĐŚĞƐƚĞƌZŽĐŚ͘&ƌŝŶŐĞ^ƚĞǁĂƌƚǀŝůůĞ ^Ƶď͘^Ƶď͘^Ƶď͘^Ƶď͘ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ĞŵĂŶĚǇdǇƉĞϮϬϮϱͲϮϬϯϱ &ŽƌͲ^ĂůĞ^& ϰ͕ϴϮϮ &ŽƌͲ^ĂůĞD& Ϯ͕ϭϭϱ 'KZĞŶƚĂůdŽƚĂů ϱ͕ϭϮϰ ^ĞŶŝŽƌdŽƚĂů ϱ͕ϴϱϵ Ϭϭ͕ϬϬϬϮ͕ϬϬϬϯ͕ϬϬϬϰ͕ϬϬϬϱ͕ϬϬϬϲ͕ϬϬϬϳ͕ϬϬϬ Dy&/>Z^Z,ΘKE^h>d/E'ϮϮϬ ϮϮϭ ϰ͕ϴϮϮϮ͕ϭϭϱϲ͕ϵϯϳϯ͕ϯϯϲϭ͕Ϯϵϭϰϵϳϱ͕ϭϮϰ ϯ͕Ϯϵϴϭ͕ϳϳϲϱ͕Ϭϳϰϯ͕Ϭϰϵϭ͕ϭϳϯϰϲϵϰ͕ϲϵϭ dŽƚĂů ϯϮϭϭϭϬϲ ϴϭϮϲϵϳ ϯϭϵϮ ^ƵďƐŝĚŝǌĞĚ ϰ Ϭ ϯϱϱ ZEd> ĨĨŽƌĚĂďůĞ ϯϰ ϮϬ Ϯϯ ϵϬ 'EZ>KhWEzy^^DE^hDDZz DĂƌŬĞƚ ZĂƚĞ ϰϱϮϵϴϲϰ ϭϲϵϱϲϯϲϯϮϲϭϯϬϭϵϮϴϮϳϵϱϳϯϭϬϮϲϳϭϮϴϯϱϴ K>D^dKhEdz dŽƚĂů ϮϬϮϱƚŽϮϬϯϱϮϬϮϱƚŽϮϬϯϱ d>,Ͳϵ ^ŝŶŐůĞͲĨĂŵŝůǇDƵůƚŝĨĂŵŝůǇ &KZͲ^> Ϭ ϯϵϰϭϬϰ ϮϱϭϯϭϬϮϭϮ Ϯϱϯ ^ŽƵƌĐĞƐ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E' KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ,Kh^/E'DEE>z^/^ ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ ^ƚĞǁĂƌƚǀŝůůĞ ^ƵďŵĂƌŬĞƚ ZŽĐŚĞƐƚĞƌ ŚĂƚĨŝĞůĚ ǇƌŽŶEŽƌƚŚ ĂƐƚ ϮϮϮ ϯϮϮϭ͕ϰϳϮ ϰϮϭϱϰ ϱϲϰϮ͕ϱϵϭ ϭϮϱϮϭϯϲϬϭϵϲϳϮϴϵϴϭϵϵϵϴϳϯϬϭϭϭϮϭϵϳϮϳϭϬϭϭϴϴϬϮϳϵϬϯϳϮϭ͕ϴϱϳϰϴϭϳϳϯϬϭϯϮ dŽƚĂůdŽƚĂů ΎΎ^ĞƌǀŝĐĞͲĞŶŚĂŶĐĞĚĚĞŵĂŶĚŝƐĐĂůĐƵůĂƚĞĚĨŽƌƉƌŝǀĂƚĞƉĂǇƐĞŶŝŽƌƐŽŶůǇ͖ĂĚĚŝƚŝŽŶĂůĚĞŵĂŶĚĐŽƵůĚďĞĐĂƉƚƵƌĞĚŝĨůĚĞƌůǇtĂŝǀĞƌĂŶĚŽƚŚĞƌƐŽƵƌĐĞƐŽĨŶŽŶͲƉƌŝǀĂƚĞ DĞŵŽƌǇĂƌĞDĞŵŽƌǇĂƌĞ ^Zs/ͲE,EΎΎ^Zs/ͲE,EΎΎ ϵϭϰϲϱϴϲϳϭ͕ϮϬϲϮ͕ϲϮϵϲϳϰϰϳϲ ϰϴϮϮϯϱϮϲϮϭϵϭϬϭ͕ϴϴϯϰϭϲϯϳϮϱϵϮϮϰϳϮϵϲϭϯϲϮϴϱϭϭ͕ϬϱϵϮ͕ϯϯϯϴϱϯϲϯϮϵϯϯϲϲϭϰϭ ϮϵϭϭϮϳϮϬϬϯϱϮϳϬϳϰϯϴ ϭϲϭϰϵϴϭ͕ϭϲϰϭ͕ϰϰϱϯ͕Ϯϲϴϭ͕ϮϮϴϳϵϵ ϰϵϮϱ ƐƐŝƐƚĞĚƐƐŝƐƚĞĚ >ŝǀŝŶŐ>ŝǀŝŶŐ ϰϴ ϲϯ /ŶĚĞƉĞŶĚĞŶƚ/ŶĚĞƉĞŶĚĞŶƚ >ŝǀŝŶŐ>ŝǀŝŶŐ ^E/KZ,Kh^/E'y^^DE^hDDZz ϭϲϲϳϭϭϮϮϯϯϬϴϵϭϱϰϭϰϮϵϰϯϭϮϴϮϭϰ ϭϭϭϵϮϰϳϮϭϮϲϭϮϮϰϯϱϭϬϱϭϳϲϮϭϯϮϬϮϰϯϱϭϮϵϭ ϮϲϭϳϮϬϳϵϭϰϮϭϮϭϯϰϬϲϱϯϬϮϮϮϳϭϬϵϭϴϴϭϭϭϲϰϴϳϱ dŽƚĂůdŽƚĂů K>D^dKhEdzDZ<dZ ϬϬϬ DZZĞŶƚĂůDZZĞŶƚĂů d>,ͲϭϬϮϬϮϱƚŽϮϬϯϱ ϮϬϮϱϮϬϯϱ ϭϵϮϯϮϵϮϰϮϳϭϲϮ ϮϯϭϴϭϮϱ d/sh>dd/sh>d DZKǁŶĞƌDZKǁŶĞƌ ĨĨŽƌĚĂďůĞĨĨŽƌĚĂďůĞ ZĞŶƚĂůZĞŶƚĂů Ϭ ϬϬ ^ƵďƐŝĚŝǌĞĚ^ƵďƐŝĚŝǌĞĚ ZĞŶƚĂůZĞŶƚĂů Dy&/>Z^Z,ΘKE^h>d/E' ^ŽƵƌĐĞƐ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ,Kh^/E'DEE>z^/^ ƉĂǇŵĞŶƚƐŽƵƌĐĞƐĂƌĞƉĞƌŵŝƚƚĞĚ͘ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ ^ƚĞǁĂƌƚǀŝůůĞ^ƚĞǁĂƌƚǀŝůůĞ ^ƵďŵĂƌŬĞƚ^ƵďŵĂƌŬĞƚ ZŽĐŚĞƐƚĞƌZŽĐŚĞƐƚĞƌ ŚĂƚĨŝĞůĚŚĂƚĨŝĞůĚ ǇƌŽŶǇƌŽŶ EŽƌƚŚEŽƌƚŚ ĂƐƚĂƐƚ KE>h^/KE^EZKDDEd/KE^ ŽŶĐůƵƐŝŽŶƐĂŶĚZĞĐŽŵŵĞŶĚĂƟŽŶƐ ĂƐĞĚŽŶƚŚĞĨŝŶĚŝŶŐŽĨŽƵƌĂŶĂůǇƐŝƐĂŶĚĚĞŵĂŶĚĐĂůĐƵůĂƚŝŽŶƐ͕dĂďůĞƐ,ͲϴĂŶĚ,ͲϵƉƌŽǀŝĚĞƐĂ ƐƵŵŵĂƌǇŽĨŚŽƵƐŝŶŐĚĞŵĂŶĚĐŽƵŶƚǇĂŶĚƐƵďŵĂƌŬĞƚƚŽϮϬϯϱ͘ĞŵĂŶĚĞǆŝƐƚƐŝŶƚŚĞKůŵƐƚĞĚ ŽƵŶƚǇDĂƌŬĞƚƌĞĂĨŽƌĂǀĂƌŝĞƚǇŽĨƉƌŽĚƵĐƚƚǇƉĞƐ͘dŚĞĨŽůůŽǁŝŶŐƐĞĐƚŝŽŶƐƵŵŵĂƌŝǌĞƐŚŽƵƐŝŶŐ ĐŽŶĐĞƉƚƐĂŶĚŚŽƵƐŝŶŐƚǇƉĞƐŝŶĚĞŵĂŶĚĨƌŽŵǀĂƌŝŽƵƐƚĂƌŐĞƚŵĂƌŬĞƚƐ͘EŽƚĂůůŚŽƵƐŝŶŐƚǇƉĞƐǁŝůů ďĞƐƵƉƉŽƌƚĂďůĞŝŶĂůůĐŽŵŵƵŶŝƚŝĞƐ͖ƚŚĞĚĞŵĂŶĚŝůůƵƐƚƌĂƚĞĚŝŶdĂďůĞƐ,ͲϴĂŶĚ,ͲϵůŽĐĂƚĞĚŝŶ ƚŚĞĂƉƉĞŶĚŝǆŵĂǇŶŽƚĚŝƌĞĐƚůǇĐŽŝŶĐŝĚĞǁŝƚŚŚŽƵƐŝŶŐĚĞǀĞůŽƉŵĞŶƚĚƵĞƚŽĂǀĂƌŝĞƚǇŽĨĨĂĐƚŽƌƐ ;ŝ͘Ğ͘ĞĐŽŶŽŵŝĞƐŽĨƐĐĂůĞ͕ŝŶĨƌĂƐƚƌƵĐƚƵƌĞĐĂƉĂĐŝƚǇ͕ůĂŶĚĂǀĂŝůĂďŝůŝƚǇ͕ĞƚĐ͘Ϳ͘ ĂƐĞĚŽŶƚŚĞĨŝŶĚŝŶŐƐŽĨƚŚĞĂŶĂůǇƐŝƐĂŶĚĚĞŵĂŶĚĐĂůĐƵůĂƚŝŽŶƐ͕dĂďůĞZͲϭƉƌŽǀŝĚĞƐĂƐƵŵŵĂƌǇ ŽĨƚŚĞƌĞĐŽŵŵĞŶĚĞĚĚĞǀĞůŽƉŵĞŶƚĐŽŶĐĞƉƚƐďǇƉƌŽĚƵĐƚƚǇƉĞĨŽƌKůŵƐƚĞĚŽƵŶƚǇ͘/ƚŝƐ ŝŵƉŽƌƚĂŶƚƚŽŶŽƚĞƚŚĂƚƚŚĞƐĞƉƌŽƉŽƐĞĚĐŽŶĐĞƉƚƐĂƌĞŝŶƚĞŶĚĞĚƚŽĂĐƚĂƐĂĚĞǀĞůŽƉŵĞŶƚŐƵŝĚĞƚŽ ŵŽƐƚĞĨĨĞĐƚŝǀĞůǇŵĞĞƚƚŚĞŚŽƵƐŝŶŐŶĞĞĚƐŽĨĞǆŝƐƚŝŶŐĂŶĚĨƵƚƵƌĞŚŽƵƐĞŚŽůĚƐŝŶKůŵƐƚĞĚŽƵŶƚǇ͘ dŚĞƌĞĐŽŵŵĞŶĚĞĚĚĞǀĞůŽƉŵĞŶƚƚǇƉĞƐĚŽŶŽƚĚŝƌĞĐƚůǇĐŽŝŶĐŝĚĞǁŝƚŚƚŽƚĂůĚĞŵĂŶĚĂƐŝůůƵƐƚƌĂƚĞĚ ŝŶdĂďůĞƐ,ͲϴĂŶĚ,Ͳϵ͘ 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ƐĞŶŝŽƌƐŝŶŶĞĞĚŽĨĂŚŝŐŚĞƌůĞǀĞůŽĨĐĂƌĞ;ĂƐƐŝƐƚĞĚůŝǀŝŶŐͿ͘/ŶĞƐƐĞŶĐĞ͕ĐĂƚĞƌĞĚůŝǀŝŶŐƉƌŽǀŝĚĞƐ ĂƉĞƌŵĞĂďůĞďŽƵŶĚĂƌǇďĞƚǁĞĞŶĐŽŶŐƌĞŐĂƚĞĂŶĚĂƐƐŝƐƚĞĚůŝǀŝŶŐĐĂƌĞ͘dŚĞƵŶŝƚƐĂŶĚƐƉĂƚŝĂů Dy&/>Z^Z,ΘKE^h>d/E'Ϯϯϭ KE>h^/KE^EZKDDEd/KE^ ĂůůŽĐĂƚŝŽŶƐĂƌĞƵŶĚŝƐƚŝŶŐƵŝƐŚĂďůĞďĞƚǁĞĞŶƚŚĞƚǁŽƐĞŶŝŽƌŚŽƵƐŝŶŐƉƌŽĚƵĐƚƐ͕ďƵƚƌĞƐŝĚĞŶƚƐ ǁŝůůďĞĂďůĞƚŽƐĞůĞĐƚĂŶĂƉƉƌŽƉƌŝĂƚĞƐĞƌǀŝĐĞůĞǀĞůƵƉŽŶĞŶƚƌǇƚŽƚŚĞĨĂĐŝůŝƚǇĂŶĚ ƐƵďƐĞƋƵĞŶƚůǇŝŶĐƌĞĂƐĞƐĞƌǀŝĐĞůĞǀĞůƐŽǀĞƌƚŝŵĞ͘ĚĚŝƚŝŽŶĂůůǇ͕ĐĂƚĞƌĞĚůŝǀŝŶŐŶŽƚŽŶůǇ ĂƉƉĞĂůƐƚŽƐŝŶŐůĞƐĞŶŝŽƌƐďƵƚĂůƐŽƚŽĐŽƵƉůĞƐ͖ĞĂĐŚƌĞƐŝĚĞŶƚŝƐĂďůĞƚŽƐĞůĞĐƚĂƐĞƌǀŝĐĞůĞǀĞů ĂƉƉƌŽƉƌŝĂƚĞĨŽƌŚŝƐŽƌŚĞƌůĞǀĞůŽĨŶĞĞĚ͕ǁŚŝůĞƐƚŝůůĐŽŶƚŝŶƵŝŶŐƚŽƌĞƐŝĚĞƚŽŐĞƚŚĞƌ͘ dŚĞĐĂƚĞƌĞĚůŝǀŝŶŐĐŽŶĐĞƉƚƚƌĞŶĚŝƐĂĨĂŝƌůǇŶĞǁĞƌĐŽŶĐĞƉƚďƵƚƚĞŶĚƐƚŽďĞĚĞǀĞůŽƉĞĚŝŶ ŵŽƌĞƌƵƌĂůĐŽŵŵƵŶŝƚŝĞƐƚŚĂƚĐĂŶŶŽƚƐƵƉƉŽƌƚƐƚĂŶĚͲĂůŽŶĞĨĂĐŝůŝƚŝĞƐĨŽƌĞĂĐŚƉƌŽĚƵĐƚƚǇƉĞ͘ ^ƵŵŵĂƌǇďǇ^ƵďŵĂƌŬĞƚ ůƚŚŽƵŐŚƚŚĞƌĞŝƐĚĞŵĂŶĚĨŽƌĂǀĂƌŝĞƚǇŽĨŚŽƵƐŝŶŐƉƌŽĚƵĐƚƚǇƉĞƐŝŶĞĂĐŚŽĨƚŚĞƐƵďŵĂƌŬĞƚƐ͕ ŝƚǁŝůůďĞĚŝĨĨŝĐƵůƚƚŽĚĞǀĞůŽƉĐĞƌƚĂŝŶŚŽƵƐŝŶŐƉƌŽĚƵĐƚƐĚƵĞƚŽƚŚĞĚĞŶƐŝƚǇĂŶĚĞĐŽŶŽŵŝĞƐŽĨ ƐĐĂůĞŶĞĞĚĞĚƚŽďĞĨŝŶĂŶĐŝĂůůǇǀŝĂďůĞ͘dŚĞƌĞĨŽƌĞ͕ƚŚĞůĞƐƐĞƌƉŽƉƵůĂƚĞĚĐŽŵŵƵŶŝƚŝĞƐǁŝůů ĞǆƉĞƌŝĞŶĐĞĂĚĚŝƚŝŽŶĂůĐŚĂůůĞŶŐĞƐĚƵĞƚŽĚĞŶƐŝƚǇƌĞƋƵŝƌĞŵĞŶƚƐ͘/ŶĂĚĚŝƚŝŽŶ͕ƚŚĞƌĞŝƐůŝŬĞůǇƚŽ ďĞĐƌŽƐƐͲŽǀĞƌĚĞŵĂŶĚĂŶĚŵŽďŝůŝƚǇďĞƚǁĞĞŶƐƵďŵĂƌŬĞƚƐĂƐŶĞǁŚŽƵƐŝŶŐƉƌŽĚƵĐƚƐĂƌĞ ĚĞǀĞůŽƉĞĚ͘dĂďůĞZͲϭŽŶƚŚĞĨŽůůŽǁŝŶŐƉĂŐĞŽƵƚůŝŶĞƐƚŚĞƐƵďŵĂƌŬĞƚƐŵŽƐƚůŝŬĞůǇƚŽ ĞǆƉĞƌŝĞŶĐĞŶĞǁŚŽƵƐŝŶŐďĂƐĞĚŽŶŚŽƵƐŝŶŐĚĞŵĂŶĚĂŶĚƚŚĞŶƵŵďĞƌŽĨƵŶŝƚƐŶĞĞĚĞĚƚŽďĞ ƐƵƉƉŽƌƚĂďůĞ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϮϯϮ Ϯϯϯ ΖϮϱͲΖϯϬΖϯϬͲΖϯϱ ^ƚĞǁĂƌƚǀŝůůĞ^Ƶď͘ ǆǆǆǆ ǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆ ůĞŶĚĞĚĂǀĞƌĂŐĞĂĐƌŽƐƐKůŵƐƚĞĚŽƵŶƚǇ͕ƉƌŝĐŝŶŐŝŶƚŚĞZŽĐŚĞƐƚĞƌƌĞĂŝƐŝŶƉĂƌĞŶƚŚĞƐŝƐ͘WƌŝĐŝŶŐǁŝůůǀĂƌǇĨƌŽŵƐƵďŵĂƌŬĞƚƚŽƐƵďŵĂƌŬĞƚĂĐƌŽƐƐƚŚĞĐŽƵŶƚǇ͘ĂƐĞƉƌŝĐŝŶŐ͕ƐĞŶŝŽƌŚŽƵƐŝŶŐǁŝůůǀĞƌǇĐŽŶƐŝ ĚĞƌĂďůǇďĂƐĞĚŽŶƉĞƌƐŽŶĂůĐĂƌĞƐĞƌǀŝĐĞƐƉĂĐŬĂŐĞƐĂŶĚŶƵŵďĞƌŽĨ EŽƚĞ͗ůƚŚŽƵŐŚŵĂŶǇŽĨƚŚĞƐŵĂůůĞƌĐŽŵŵƵŶŝƚĞƐƐŚŽǁŚŽƵƐŝŶŐĚĞŵĂŶĚĨŽƌĂǀĂƌŝĞƚǇŽĨŚŽƵƐŝŶŐƚǇƉĞƐ͖ŝƚǁŝůůŶŽƚďĞĨĞĂƐŝďůĞĚƵĞƚŽƚŚĞĞĐŽŶŽŵŝĞƐŽĨƐĐĂůĞŶĞĞĚĞĚ͘dŚĞƌĞĨŽƌĞ͕ƌĞĐŽŵŵĞĚĂƚŝŽŶƐĂƌĞďĂƐĞĚŽŶ ƚŚĞŶĞĞĚĂŶĚĚĞŶƐŝƚǇŶĞĞĚĞĚƚŽďĞĨĞĂƐŝďůĞ͘ ZŽĐŚ͘&ƌŝŶŐĞ^Ƶď͘ΖϮϱͲΖϯϬΖϯϬͲΖϯϱΖϮϱͲΖϯϬΖϯϬͲΖϯϱΖϮϱͲΖϯϬΖϯϬͲΖϯϱ ǆǆǆǆ ZŽĐŚĞƐƚĞƌ^Ƶď͘ ǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆ ǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆǆ ǆǆǆǆǆǆǆǆǆǆǆǆǆǆ ǆ EŽƌƚŚ^Ƶď͘ ǆǆǆǆǆǆǆ ΖϮϱͲΖϯϬΖϯϬͲΖϯϱΖϮϱͲΖϯϬΖϯϬͲΖϯϱΖϮϱͲΖϯϬΖϯϬͲΖϯϱ ǆǆǆǆǆǆǆǆǆǆǆǆ ǆǆǆǆ ĂƐƚ^Ƶď͘ ǆǆǆǆǆ ,Kh^/E'ZKDDEd/KE^z^hDZ<d ŚĂƚĨŝĞůĚ^Ƶď͘ ǆǆǆǆ ǆǆǆǆ ϮϬϮϱƚŽϮϬϯϱ d>ZͲϭ ǆǆǆǆǆǆǆǆǆǆǆǆǆǆ ǆ ǇƌŽŶ^Ƶď͘ Ψϭ͕ϰϬϬͲΨϮ͕ϳϬϬ;ďĂƐĞĚŽŶƐǀƐ͘ͿΨϭ͕ϱϬϬͲΨϯ͕ϮϬϬ;ďĂƐĞĚŽŶƐǀƐ͘Ϳ ΨϭϱϬ͕ϬϬϬн;ƉůƵƐŵŽŶƚŚůǇĨĞĞͿΨϮϬϬ͕ϬϬϬн;ƉůƵƐŵŽŶƚŚůǇĨĞĞͿ Ψϭ͕ϭϬϬͬĨĨͲΨϮ͕ϬϬϬͬϮZнΨϭ͕ϮϱϬͬĨĨͲΨϯ͕ϬϬϬͬϮZн ΨϵϳϱͬϭZͲΨϭ͕ϱϬϬͬϯZΨϭ͕ϬϬϬͬϭZͲΨϭ͕ϲϬϬͬϯZΨϭ͕ϴϬϬͬϮZͲΨϮ͕ϰϬϬͬϯZΨϮ͕ϬϬϬͬϮZͲΨϮ͕ϳϬϬͬϯZ ΨϮ͕ϲϬϬͬϯZͲΨϯ͕ϮϬϬͬϰZΨϮ͕ϮϬϬͬϮZͲΨϯ͕ϵϬϬͬϱZ DĂƌŬĞƚƌĂƚĞŵƵůƚŝĨĂŵŝůǇŚŽƵƐŝŶŐĐŽƵůĚďĞĚĞǀĞůŽƉĞĚŝŶĞŝƚŚĞƌĂƉĂƌƚŵĞŶƚͲƐƚǇůĞŽƌƚŽǁŶŚŽŵĞƐƚǇůĞĚĞƐŝŐŶ ZŽĐŚĞƐƚĞƌƌĞĂ Ψϯ͕ϴϬϬͲΨϱ͕ϱϬϬΨϰ͕ϱϬϬͲΨϲ͕ϱϬϬ Ψϭ͕ϯϱϬͲΨϮ͕ϭϬϬ ΨϰϱϬŬͲΨϳϱϬŬ хΨϯϬϬ͕ϬϬϬхΨϮϳϱ͕ϬϬϬ ΨϰϬϬ͕ϬϬϬн ΨϴϬϬŬн ϭ WƵƌĐŚĂƐĞWƌŝĐĞͬDŽŶƚŚůǇZĞŶƚZĂŶŐĞ WĞƌ/ŶĐŽŵĞ'ƵŝĚĞůŝŶĞƐWĞƌ/ŶĐŽŵĞ'ƵŝĚĞůŝŶĞƐ ZKDDEd/KE^ Ψϯ͕ϯϬϬͬ&&ͲΨϰ͕ϱϬϬͬϮZ DŝŶƵƐZŽĐŚĞƐƚĞƌƌĞĂ Dy&/>Z^Z,ΘKE^h>d/E' Ψϭ͕ϮϬϬͲΨϭ͕ϳϬϬΨϯ͕ϴϬϬͲΨϱ͕ϬϬϬ ΨϯϱϬŬͲΨϰϳϱŬ хΨϮϱϬ͕ϬϬϬхΨϮϮϱ͕ϬϬϬ ΨϯϬϬ͕ϬϬϬн Ψϭ͕ϲϬϬн ΨϱϬϬŬн DŽǀĞͲƵƉDŽǀĞͲƵƉƐƐŝƐƚĞĚ>ŝǀŝŶŐĂƚĞƌĞĚ>ŝǀŝŶŐ ŶƚƌǇͲ>ĞǀĞůǆĞĐƵƚŝǀĞdǁŝŶŚŽŵĞƐͬdŽǁŶŚŽŵĞƐͬsŝůůĂƐĐƚŝǀĞĚƵůƚͲ&ŽƌͲ^ĂůĞŽŽƉDĞŵŽƌǇĂƌĞ ŶƚƌǇͲůĞǀĞůĐƚŝǀĞĚƵůƚͲZĞŶƚĂůŽŶŐƌĞŐĂƚĞͬ/ŶĚĞƉĞŶĚĞŶƚůƚĞƌŶĂƚŝǀĞŽŶĐĞƉƚ͗ ĨĨŽƌĚĂďůĞͬ^ƵďƐŝĚŝǌĞĚĐƚŝǀĞĚƵůƚ ϮϮϮϮ DĂƌŬĞƚZĂƚĞDŽĚĞƌĂƚĞͲ/ŶĐŽŵĞDĂƌŬĞƚZĂƚĞ>ƵǆƵƌǇDĂƌŬĞƚZĂƚĞƵŝůƚĨŽƌZĞŶĨ;^&Ϳ DĂƌŬĞƚZĂƚĞdŽǁŶŚŽŵĞƐ E ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ &ŽƌͲ^ĂůĞ,ŽƵƐŝŶŐ;EĞǁŽŶƐƚƌƵĐƚŝŽŶͿ 'ĞŶĞƌĂůKĐĐƵƉĂŶĐǇZĞŶƚĂů,ŽƵƐŝŶŐ ^ŝŶŐůĞͲĨĂŵŝůǇͲ;EĞǁůŽƚƐŶĞĞĚĞĚͿ ,ŽƵƐŝŶŐdǇƉĞͬWƌŽŐƌĂŵ KE>h^/KE^ ĨĨŽƌĚĂďůĞ^ĞŶŝŽƌ,ŽƵƐŝŶŐ ^ŝŶŐůĞͲĨĂŵŝůǇďǇWƌŝĐĞ ^ĞŶŝŽƌ,ŽƵƐŝŶŐ DĂƌŬĞƚZĂƚĞ ŽĐĐƵƉĂŶƚƐ͘ Ϯ ϭ ,>>E'^EKWWKZdhE/d/^ ŚĂůůĞŶŐĞƐĂŶĚKƉƉŽƌƚƵŶŝƟĞƐ dŚĞĨŽůůŽǁŝŶŐǁĞƌĞŝĚĞŶƚŝĨŝĞĚĂƐƚŚĞŐƌĞĂƚĞƐƚĐŚĂůůĞŶŐĞƐĂŶĚŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌĚĞǀĞůŽƉŝŶŐƚŚĞ ƌĞĐŽŵŵĞŶĚĞĚŚŽƵƐŝŶŐƚǇƉĞƐ;ŝŶŶŽƉĂƌƚŝĐƵůĂƌŽƌĚĞƌʹƐŽƌƚĞĚĂůƉŚĂďĞƚŝĐĂůůǇͿ͘ ĐĐĞƐƐŽƌǇǁĞůůŝŶŐhŶŝƚƐ;͞h͟Ϳ͗ ĐĐĞƐƐŽƌǇĚǁĞůůŝŶŐƵŶŝƚƐ;͞hƐ͟ͿŐŽďǇƐĞǀĞƌĂů x ĚŝīĞƌĞŶƚŶĂŵĞƐƐƵĐŚĂƐ͗/Ŷ Ͳ ůĂǁƐƵŝƚĞƐ͕ŐĂƌĂŐĞĂƉĂƌƚŵĞŶƚƐ͕ďĂĐŬǇĂƌĚĐŽƩĂŐĞƐ͕ŐƌĂŶŶǇŇĂƚƐ͕ ŐƵĞƐƚŚŽƵƐĞƐ͕ĞƚĐ͘ŶhŝƐƐŝŵƉůǇĂƐŵĂůů͕ƐƚĂŶĚͲ ĂůŽŶĞƌĞƐŝĚĞŶƟĂůĚǁĞůůŝŶŐƵŶŝƚůŽĐĂƚĞĚŽŶ ƚŚĞƐĂŵĞƉƌŽƉĞƌƚǇĂƐĂĚĞƚĂĐŚĞĚƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞ͘,ŽǁĞǀĞƌ͕ŝŶƐŽŵĞĐĂƐĞƐĂŶhĐŽƵůĚ ŝŶĐůƵĚĞĂŶĂĚĚŝƟŽŶŽŶĂŶĞǆŝƐƟŶŐŚŽŵĞ͕ĂƉĂƌƚŵĞŶƚŽǀĞƌĂŐĂƌĂŐĞ͕ŽƌďĞůŽĐĂƚ ĞĚǁŝƚŚŝŶĂŶ 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ŶƐŝŐŶŝĮĐĂŶƚůǇŽǀĞƌƚŚĞƉĂƐƚĚĞĐĂĚĞ͕ ƌĞƋƵŝƌŝŶŐĐŽŶƐŝĚĞƌĂďůĞŝŶŝƟĂůĮŶĂŶĐŝĂůŝŶǀĞƐƚŵĞŶƚƵƉĨƌŽŶƚ͘ ƐĂƌĞƐƵůƚ͕ƚŚĞůĂŶĚĚĞǀĞůŽƉŵĞŶƚďƵƐŝŶĞƐƐŝƐŶŽƚĂůƵĐƌĂƚŝǀĞďƵƐŝŶĞƐƐĨŽƌŵŽƐƚƌĞĂůĞƐƚĂƚĞ ŝŶǀĞƐƚŽƌƐĂŶĚĨƵƚƵƌĞůŽƚĚĞǀĞůŽƉŵĞŶƚŵĂǇƌĞƋƵŝƌĞĂƉƌŝǀĂƚĞͲƉƵďůŝĐƉĂƌƚŶĞƌƐŚŝƉƚŽďƌŝŶŐ ĚŽǁŶŝŶĨƌĂƐƚƌƵĐƚƵƌĞĐŽƐƚƐ͖ĞƐƉĞĐŝĂůůǇŝŶƚŚĞŵŽƌĞƌƵƌĂůĐŽŵŵƵŶŝƚŝĞƐŝŶKůŵƐƚĞĚŽƵŶƚǇ͘dŚĞ ĐŚĂƌƚďĞůŽǁƐŚŽǁƐƚŚĞĂǀĞƌĂŐĞůŽƚĐŽƐƚĂĐƌŽƐƐƚŚĞĐŽƵŶƚƌǇĐŽŵƉĂƌĞĚƚŽƚŚĞƌĞƚĂŝůƐĂůĞƐƉƌŝĐĞ ŽĨƚŚĞŚŽŵĞ͘ƐŶŽƚĞĚŝŶƚŚĞĐŚĂƌƚ͕ƚŚĞƉĞƌĐĞŶƚŽĨƚŚĞƉƵƌĐŚĂƐĞƉƌŝĐĞůĞǀŝĞĚƚŽƚŚĞůĂŶĚŚĂƐ ĚĞĐƌĞĂƐĞĚƌĞĐĞŶƚůǇ͕ĚĞƐƉŝƚĞƌŝƐŝŶŐŚŽŵĞƉƌŝĐĞƐ͘dŚŝƐŚĂƐůĂƌŐĞůǇďĞĞŶĚƵĞƚŽŚŝŐŚŝŶĨůĂƚŝŽŶ͕ ŽŶŐŽŝŶŐůĂďŽƌƐŚŽƌƚĂŐĞƐ͕ĂŶĚďƵŝůĚŝŶŐŵĂƚĞƌŝĂůƉƌŝĐĞƐƚŚĂƚĐŽŶƚŝŶƵĞƚŽĞůĞǀĂƚĞ͘ůůƚŚĞƐĞ ĨĂĐƚŽƌƐŚĂǀĞƌĞƐƵůƚĞĚŝŶŚŝŐŚĞƌŚŽŵĞĐŽƐƚƐ͕ĐŽŶƐƚƌƵĐƚŝŽŶĐŽƐƚƐĂŶĚƉƌŝĐĞƐƉĞƌƐƋƵĂƌĞĨŽŽƚ ƚŚĂƚŚĂǀĞĞƐĐĂůĂƚĞĚƐŝŶĐĞƚŚĞƉĂŶĚĞŵŝĐ͘ >ŽƚŽƐƚƐWĐƚ͘ŽĨdŽƚĂů^ĂůĞƐWƌŝĐĞ ϯϬ͘Ϭй Ϯϱ͘Ϭй Ϯϲ͘Ϭй Ϯϰ͘ϱй Ϯϰ͘ϰй Ϯϯ͘ϲй Ϯϯ͘ϱй ϮϬ͘Ϭй Ϯϭ͘ϳй Ϯϭ͘ϱй ϮϬ͘ϯй ϭϴ͘ϲй ϭϴ͘ϱй ϭϴ͘Ϯй ϭϳ͘ϴй ϭϱ͘Ϭй WĐƚ͘ ϭϯ͘ϳй ϭϬ͘Ϭй ϱ͘Ϭй Ϭ͘Ϭй ϭϵϵϱϭϵϵϴϮϬϬϮϮϬϬϰϮϬϬϳϮϬϬϵϮϬϭϭϮϬϭϯϮϬϭϱϮϬϭϳϮϬϭϵϮϬϮϮϮϬϮϰ zĞĂƌ ,ŽŵĞŽǁŶĞƌƐŚŝƉZĂƚĞƐ;ŝ͘Ğ͘dĞŶƵƌĞͿ͘ 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ŚŽŵĞŽǁŶĞƌƐŚŝƉĂƌĞƉƌŽŶŽƵŶĐĞĚ͘tŝƚŚƌŝƐŝŶŐĂƉƉƌĞĐŝĂƚŝŽŶ͕ŵŽƐƚŚŽŵĞŽǁŶĞƌƐŚĂǀĞĞĂƌŶĞĚ ƐŝŐŶŝĨŝĐĂŶƚŚŽŵĞĞƋƵŝƚǇŽǀĞƌƚŚĞƉĂƐƚĚĞĐĂĚĞĂŶĚĂĐĐŽƌĚŝŶŐƚŽƚŚĞ&ĞĚĞƌĂůZĞƐĞƌǀĞŽĂƌĚ͛Ɛ ^ƵƌǀĞŽĨŽŶƐƵŵĞƌ&ŝŶĂŶĐĞƐ͕ƚŚĞĂǀĞƌĂŐĞŚŽŵĞŽǁŶĞƌŝŶŵĞƌŝĐĂŚĂƐĂŶĞƚǁŽƌƚŚŶĞĂƌůǇ ϰϬǆƚŚĂŶĂƌĞŶƚĞƌŚŽƵƐĞŚŽůĚ͘ ,ŽŵĞŽǁŶĞƌƐŚŝƉĂŶĚǁĞĂůƚŚĐŽŶƚŝŶƵĞƚŽǀĂƌǇďĂƐĞĚŽŶŝŶĐŽŵĞĂŶĚƌĂĐŝĂůĂŶĚĞƚŚŶŝĐŐƌŽƵƉƐ͘ tĞƌĞĐŽŵŵĞŶĚƚŚĞĐŽŶƚŝŶƵĞĚƉƌŽŵŽƚŝŽŶŽĨŚŽŵĞŽǁŶĞƌƐŚŝƉŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌĂůůKůŵƐƚĞĚ ŽƵŶƚǇƌĞƐŝĚĞŶƚƐĂŶĚƚŚĞƉƌŽŵŽƚŝŽŶŽĨ/WK,ŽŵĞKǁŶĞƌƐŚŝƉƉƌŽŐƌĂŵƚŚĂƚŚĂƐďĞĞŶ ŝŵƉůĞŵĞŶƚĞĚ͘ EĞƚtŽƌƚŚďǇdĞŶƵƌĞ͗h^ϮϬϭϬƚŽϮϬϮϮ ΨϰϱϬ͕ϬϬϬ Ψϯϵϲ͕ϮϬϬ ΨϰϬϬ͕ϬϬϬ ZĞŶƚĞƌ,ŽŵĞŽǁŶĞƌ ΨϯϱϬ͕ϬϬϬ ΨϮϱϱ͕ϬϬϬ ΨϯϬϬ͕ϬϬϬ ΨϮϰϲ͕ϮϬϬ ΨϮϱϬ͕ϬϬϬ ΨϮϬϭ͕ϱϬϬ Ψϭϴϳ͕ϬϬϬ ΨϮϬϬ͕ϬϬϬ ΨϭϱϬ͕ϬϬϬ ΨϭϬϬ͕ϬϬϬ Ψϲ͕ϯϬϬ ΨϱϬ͕ϬϬϬ ΨϭϬ͕ϰϬϬ Ψϱ͕ϱϬϬ Ψϱ͕ϯϬϬ Ψϱ͕ϰϬϬ ΨϬ ϮϬϭϬϮϬϭϯϮϬϭϲϮϬϭϵϮϬϮϮ Dy&/>Z^Z,ΘKE^h>d/E'ϮϰϬ ,>>E'^EKWWKZdhE/d/^ ,ŽƵƐŝŶŐ^ŚŽƌƚĂŐĞ ͘,ŽƵƐŝŶŐƉƌŽĚƵĐƚŝŽŶŝŶKůŵƐƚĞĚŽƵŶƚǇĂŶĚƐƉĞĐŝĨŝĐĂůůǇƚŚĞŝƚǇŽĨ x ZŽĐŚĞƐƚĞƌŚĂƐďĞĞŶďŝĨƵƌĐĂƚĞĚŽǀĞƌƚŚĞƉĂƐƚƚǁŽĚĞĐĂĚĞƐ͘ƵƌŝŶŐƚŚĞŚŽƵƐŝŶŐďŽŽŵǇĞĂƌƐ ŽĨƌŽƵŐŚůǇϮϬϬϬƚŽϮϬϬϲ͕ŚŽƵƐŝŶŐƉƌŽĚƵĐƚŝŽŶǁĂƐĚŽŵŝŶĂƚĞĚďǇƚŚĞĨŽƌͲƐĂůĞŵĂƌŬĞƚĂƐŵŽƐƚ ŶĞǁďƵŝůĚŝŶŐĂĐƚŝǀŝƚǇǁĂƐƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞƐĂŶĚƚŽǁŶŚŽŵĞƐǁŚŝĐŚĂĐĐŽƵŶƚĞĚĨŽƌϴϬйŽƌ ŵŽƌĞŽĨĂůůŶĞǁŚŽƵƐŝŶŐĂĐƚŝǀŝƚǇ͘,ŽǁĞǀĞƌ͕ŽŶĐĞƚŚĞƌĞĐĞƐƐŝŽŶĂŶĚ'ƌĞĂƚ&ŝŶĂŶĐŝĂůƌŝƐŝƐŚŝƚ ƚŚĞƉƌŽĚƵĐƚŝŽŶŽĨĂůůŶĞǁŚŽƵƐŝŶŐǁĂƐĚŽǁŶƐŝŐŶŝĨŝĐĂŶƚůǇĨƌŽŵϮϬϬϳƚŽϮϬϭϰ͘,ŽǁĞǀĞƌ͕ ĂƌŽƵŶĚϮϬϭϱƚŚĞƌĞŶƚĂůŵĂƌŬĞƚŚŽƵƐŝŶŐŵĂƌŬĞƚƚŽŽŬŽĨĨĂŶĚďĞŐĂŶƚŽĂĐĐŽƵŶƚĨŽƌϳϬйŽƌ ŵŽƌĞŽĨŶĞǁŚŽƵƐŝŶŐƐƚĂƌƚƐŽǀĞƌŵŽƐƚŽĨƚŚĞƉĂƐƚĚĞĐĂĚĞ͘ iīıŜťôîώĺŪĲťƅώώ>ώŽŜϟώa>ώ͑͏͏͏ώťĺώ͑͏͑͒ ͐Ϡ͓͏͏ >a> ͐Ϡ͑͏͏ ͐Ϡ͏͏͏ ͗͏͏ ͕͏͏ ͓͏͏ ͑͏͏ ͏ ůƚŚŽƵŐŚŶĞǁŵƵůƚŝĨĂŵŝůǇǁĂƐŝŶŶĞĞĚĂŶĚŚĂƐďĞĞŶǁĞůůͲƌĞĐĞŝǀĞĚŝŶƚŚĞŵĂƌŬĞƚƉůĂĐĞ͕ƚŚĞ ůĂĐŬŽĨŶĞǁĨŽƌͲƐĂůĞŚŽƵƐŝŶŐŚĂƐďĞĞŶĚĞƚƌŝŵĞŶƚĂůƚŽŵĞĞƚŝŶŐŚŽƵƐŝŶŐĚĞŵĂŶĚĂŶĚƚŚĞůĂĐŬ ŽĨƐƵƉƉůǇŝƐƉƵƐŚŝŶŐƵƉƚŚĞƌĞƐĂůĞŵĂƌŬĞƚĂŶĚƌĞƐƵůƚŝŶŐŝŶŚŝŐŚĞƌƉƌŝĐĞĚŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶ ŚŽƵƐŝŶŐ͘dŚĞƉƌŽŵŽƚŝŽŶŽĨĨŽƌͲƐĂůĞŚŽƵƐŝŶŐƐŚŽƵůĚďĞĂƚŽƉƉƌŝŽƌŝƚǇĨŽƌĂůůũƵƌŝƐĚŝĐƚŝŽŶƐ ĂĐƌŽƐƐƚŚĞĐŽƵŶƚǇ͘ ĺèēôŜťôŘώ>ώŽŜϟώa>ώ͑͏͏͏ώťĺώ͑͏͑͒ ͐Ϡ͑͏͏ >a> ͐Ϡ͏͏͏ ͗͏͏ ͕͏͏ ͓͏͏ ͑͏͏ ͏ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϰϭ ,>>E'^EKWWKZdhE/d/^ /ŶŇĂƟŽŶĂŶĚdĂƌŝīƐ͘ h͘^͘ŝŶŇĂƟŽŶƌĂƚĞƐŚŝƚĂŶĞǁϰϬ ͲǇĞĂƌŚŝŐŚŽĨŶĞĂƌůǇϵйŝŶϮϬϮϮ͕ƚŚĞ x ďŝŐŐĞƐƚǇĞĂƌůǇŝŶĐƌĞĂƐĞƐŝŶĐĞĞĐĞŵďĞƌϭϵϴϭ͘ZĂŵƉĂŶƚƉƌŝĐĞŝŶĐƌĞĂƐĞĚĨŽƌŶĞĂƌůǇĞǀĞƌǇ 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ƵŶĐĞƌƚĂŝŶƚŝĞƐ͕ŝƚŝƐƵŶŬŶŽǁŶŝĨĂŶǇƌĂƚĞĐƵƚƐǁŝůůƉƌŽĐĞĞĚŝŶϮϬϮϱŐŝǀĞŶƚŚĞƚŚƌĞĂƚŽĨ ŝŶĨůĂƚŝŽŶ͘^ŚŽƵůĚƌĂƚĞƐŵŽǀĞďĂĐŬŝŶƚŽƚŚĞŚŝŐŚϱйĂŶĚůŽǁϲйƌĂŶŐĞ͕ǁĞƉƌĞĚŝĐƚƚŚĞ ŚŽƵƐŝŶŐŵĂƌŬĞƚǁŝůůďĞŚŽƚĂƐďƵǇĞƌƐƐŝƚƚŝŶŐŽŶƚŚĞĨĞŶĐĞƌƵƐŚƚŽƉƵƌĐŚĂƐĞŚŽŵĞƐ͕ǁŚŝĐŚ ĐŽƵůĚƌĞƐƵůƚŝŶďŝĚĚŝŶŐǁĂƌƐĂŶĚŚŝŐŚĞƌŚŽŵĞƉƌŝĐĞĂƉƉƌĞĐŝĂƚŝŽŶ͘ dŚĞĨŽůůŽǁŝŶŐĐŚĂƌƚŝůůƵƐƚƌĂƚĞƐŚŝƐƚŽƌŝĐĂůŵŽƌƚŐĂŐĞƌĂƚĞĂǀĞƌĂŐĞƐĂƐĐŽŵƉŝůĞĚďǇ&ƌĞĚĚŝĞ DĂĐ͘dŚĞ&ƌĞĚĚŝĞDĂĐDĂƌŬĞƚ^ƵƌǀĞǇ;WDD^ͿŚĂƐďĞĞŶƚƌĂĐŬŝŶŐŵŽƌƚŐĂŐĞƌĂƚĞƐƐŝŶĐĞϭϵϳϮ ĂŶĚŝƐƚŚĞŵŽƐƚƌĞůŝĞĚƵƉŽŶďĞŶĐŚŵĂƌŬĨŽƌĞǀĂůƵĂƚŝŶŐŵŽƌƚŐĂŐĞŝŶƚĞƌĞƐƚŵĂƌŬĞƚĐŽŶĚŝƚŝŽŶƐ͘ dŚĞ&ƌĞĚĚŝĞDĂĐƐƵƌǀĞǇŝƐďĂƐĞĚŽŶϯϬͲǇĞĂƌŵŽƌƚŐĂŐĞƐǁŝƚŚĂůŽĂŶͲƚŽͲǀĂůƵĞŽĨϴϬй͘ ,ŝƐƚŽƌŝĐϯϬͲǇĞĂƌDŽƌƚŐĂŐĞZĂƚĞƐϭϵϳϮƚŽϮϬϮϱzd ϭϴ͘ϬϬй ϭϲ͘ϬϬй ϭϰ͘ϬϬй ϭϮ͘ϬϬй ϭϬ͘ϬϬй ϴ͘ϬϬй ϲ͘ϬϬй ϰ͘ϬϬй Ϯ͘ϬϬй Ϭ͘ϬϬй ϳϰϴϰϵϰϬϰϭϰϮϰ ϭϵϳϮϳϲϳϴϭϵϴϬϴϮϴϲϴϴϭϵϵϬϵϮϵϲϵϴϮϬϬϬϬϮϬϲϬϴϮϬϭϬϭϮϭϲϭϴϮϬϮϬϮϮ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϰϳ ,>>E'^EKWWKZdhE/d/^ ǀŐ͘ϯϬͲzĞĂƌDŽƌƚŐĂŐĞ͗ϮϬϮϬƚŽϮϬϮϱ;zd Ϳ ϴ͘ϬϬй ϲ͘ϴϴй ϲ͘ϳϮй ϲ͘ϳϭй ϳ͘ϬϬй ϲ͘ϬϬй ϱ͘ϯϰй ϱ͘ϬϬй ϰ͘ϬϬй ϯ͘ϭϭй Ϯ͘ϵϲй ϯ͘ϬϬй Ϯ͘ϬϬй ϭ͘ϬϬй Ϭ͘ϬϬй ϮϬϮϬϮϬϮϭϮϬϮϮϮϬϮϯϮϬϮϰϮϬϮϱ /ŶĐŽŵĞƚŽĨĨŽƌĚĂDĞĚŝĂŶWƌŝĐĞĚKůŵƐƚĞĚƚǇ͘,ŽŵĞ͗ϮϬϮϬƚŽϮϬϮϰ ΨϴϬ͕ϬϬϬϵ͘Ϭй ϴ͘ϭй /ŶĐŽŵĞǀŐ͘/Ŷƚ͘ZĂƚĞ ϴ͘Ϭй ΨϳϬ͕ϬϬϬ Ψϳϭ͕ϴϴϬ Ψϳϭ͕ϰϰϭ ϲ͘ϴй ϲ͘ϳй ϳ͘Ϭй ΨϲϬ͕ϬϬϬ /ŶĐŽŵĞEĞǁĞĚĞĚƚŽĨĨŽƌĚ ϱ͘ϵй ΨϲϬ͕ϰϮϴ ϲ͘Ϭй ϱ͘ϯй ǀŐ͘͘/Ŷƚ͘ZĂƚĞ ΨϱϬ͕ϬϬϬ ϰ͘ϳй ϱ͘Ϭй ΨϰϬ͕ϬϬϬ ϯ͘ϵй Ψϰϭ͕ϯϳϳ ϰ͘Ϭй ϯ͘ϭй Ψϯϳ͕Ϭϰϳ ϯ͘Ϭй ΨϯϬ͕ϬϬϬ ΨϯϮ͕Ϭϲϲ ϯ͘Ϭй Ψϯϭ͕ϰϭϭ ΨϮϴ͕ϭϵϱ ΨϮϲ͕ϴϴϮ ΨϮϬ͕ϬϬϬ Ϯ͘Ϭй ΨϭϬ͕ϬϬϬ ϭ͘Ϭй ΨϬϬ͘Ϭй ϮϬϬϬϮϬϬϱϮϬϭϬϮϬϭϱϮϬϮϬϮϬϮϭϮϬϮϮϮϬϮϯϮϬϮϰ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϰϴ ,>>E'^EKWWKZdhE/d/^ DŽƌƚŐĂŐĞ>ŽĐŬͲŝŶĨĨĞĐƚ͘ ƐŝůůƵƐƚƌĂƚĞĚŝŶƚŚĞƌĞƐĂůĞƚĂďůĞƐ͕ƚƌĂŶƐĂĐƚŝŽŶƐǀŽůƵŵĞƐĂĐƌŽƐƐ x ƚŚĞKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂĂƌĞĚŽǁŶϮϱйƐŝŶĐĞϮϬϮϬ͘ƚƚŚĞƐĂŵĞƚŝŵĞƐƵƉƉůǇŝƐ ŚŽǀĞƌŝŶŐϮ͘ϮŵŽŶƚŚƐ;ĂďĂůĂŶĐĞĚŵĂƌŬĞƚŝƐĨŽƵƌƚŽƐŝǆŵŽŶƚŚƐͿ͘'ŝǀĞŶƚŚĞůŽǁƐƵƉƉůǇĂŶĚ ĞůĞǀĂƚĞĚŵŽƌƚŐĂŐĞƌĂƚĞƐ͕ƚƌĂŶƐĂĐƚŝŽŶƐǀŽůƵŵĞƐĂƌĞĚŽǁŶďƵƚƉƌŝĐŝŶŐĐŽŶƚŝŶƵĞƐƚŽƌŝƐĞŐŝǀĞŶ ƚŚĞůĂĐŬŽĨŽƉƚŝŽŶƐĨŽƌŚŽŵĞďƵǇĞƌƐ͘dŚŝƐŚĂƐůĞĚƚŽƚŚĞ͞ůŽĐŬͲŝŶĞĨĨĞĐƚ͟ǁŚĞƌĞŚŽŵĞŽǁŶĞƌƐ ĂƌĞƌĞůƵĐƚĂŶƚƚŽƐĞůůƚŚĞŝƌĐƵƌƌĞŶƚŚŽŵĞďĞĐĂƵƐĞƚŚĞǇŚĂǀĞůŽĐŬĞĚŝŶƚŽĂůŽǁĞƌŵŽƌƚŐĂŐĞ ƌĂƚĞĂŶĚƚŚĞĨŝŶĂŶĐŝĂůďƵƌĚĞŶŽĨĂŶĞǁŵŽƌƚŐĂŐĞĂƚĂŚŝŐŚĞƌƌĂƚĞŝƐƚŽŽŚŝŐŚ͘ ĐĐŽƌĚŝŶŐƚŽĚĂƚĂƌĞůĞĂƐĞĚďǇƚŚĞ&,&͕ϳϯ͘ϯйŽĨŵŽƌƚŐĂŐĞďŽƌƌŽǁĞƌƐŝŶƚŚĞh͘^͘ŚĂǀĞ ŵŽƌƚŐĂŐĞƌĂƚĞƐďĞůŽǁϱй͘dŚŝƐŝƐĚŽǁŶĨƌŽŵŽǀĞƌϴϱйŽĨďŽƌƌŽǁĞƌƐƚŚĂƚŚĂĚƌĂƚĞƐƵŶĚĞƌ ϱйŝŶĞĂƌůǇϮϬϮϮ͕ŵĂŶǇŽĨƚŚŽƐĞďŽƌƌŽǁĞƌƐǁĞƌĞƵŶĚĞƌϯйŽƌϰй͘/ƚŝƐĞƐƚŝŵĂƚĞĚĂďŽƵƚϱϱй ŽĨďŽƌƌŽǁĞƌƐƐƚŝůůŚĂǀĞŵŽƌƚŐĂŐĞƌĂƚĞƐƵŶĚĞƌϰй;YϯϮϬϮϰͿ͘ dŚĞůŽĐŬͲŝŶĞĨĨĞĐƚĐŽŶƚŝŶƵĞƐƚŽůŝŵŝƚŶĞǁŚŽƵƐŝŶŐƐƵƉƉůǇĂŶĚŝƐŬĞĞƉŝŶŐŚŽŵĞƉƌŝĐĞƐŚŝŐŚ ĚĞƐƉŝƚĞĂĐŽŽůŝŶŐŝŶƚŚĞƌĞĂůĞƐƚĂƚĞŵĂƌŬĞƚ͘ůƚŚŽƵŐŚƚŚĞůŽĐŬͲŝŶĞĨĨĞĐƚǁŝůůĚǁŝŶĚůĞǁŝƚŚ ƚŝŵĞ͕ŝƚǁŝůůƐůŽǁůǇĞĂƐĞŽŶĐĞŵŽƌƚŐĂŐĞƌĂƚĞƐĚĞĐůŝŶĞĨƵƌƚŚĞƌŝŶƚŽƚŚĞϱйƌĂŶŐĞ͘ƐƐƵĐŚ͕Ă ƚŝŐŚƚƐƵƉƉůǇŵĂƌŬĞƚŝƐĨŽƌĞĐĂƐƚĞĚŝŶƚŚĞƐŚŽƌƚͲƚĞƌŵ͘ DŽĚƵůĂƌ,ŽƵƐŝŶŐ͘ DŽĚƵůĂƌŚŽƵƐŝŶŐ͕ŽĨƚĞŶƌĞĨĞƌƌĞĚƚŽĂƐƉƌĞĨĂďŚŽƵƐŝŶŐ͕ŝƐƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶ x ŽĨŚŽƵƐŝŶŐƵŶŝƚƐŝŶĂĐŽŶƚƌŽůůĞĚĨĂĐƚŽƌǇͲůŝŬĞƐĞƚƚŝŶŐŽƌŽŶĂŵĂŶƵĨĂĐƚƵƌĞƌƐƐŝƚĞŽƌůƵŵďĞƌ ǇĂƌĚ͘DŽĚƵůĂƌŚŽƵƐŝŶŐŚĂƐďĞĞŶŐĂŝŶŝŶŐƐƚĞĂŵĨƌŽŵĚĞǀĞůŽƉĞƌƐĂŶĚŝŶǀĞƐƚŽƌƐƐĞĞŬŝŶŐƚŽ ĐŽŵďĂƚŚŝŐŚĐŽŶƐƚƌƵĐƚŝŽŶĐŽƐƚƐ͕ůĂďŽƌƐŚŽƌƚĂŐĞƐ͕ĂŶĚƐƉĞĞĚͲƵƉƚŚĞĐŽŶƐƚƌƵĐƚŝŽŶƚŝŵĞůŝŶĞ͘ dŚĞďŝŐŐĞƐƚĂĚǀĂŶƚĂŐĞŵŽĚƵůĂƌŚŽƵƐŝŶŐƉƌŽǀŝĚĞƐŝƐƚŝŵĞĂŶĚƐŚĂǀŝŶŐŵŽŶƚŚƐŽĨŚŽůĚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϰϵ ,>>E'^EKWWKZdhE/d/^ ĐŽƐƚƐŽĨĨƚŚĞĨŝŶĂŶĐŝŶŐďŽƚƚŽŵůŝŶĞ͘KƌŝŐŝŶĂůůǇŵŽĚƵůĂƌŚŽƵƐŝŶŐǁĂƐŵŽƐƚůǇƐŝŶŐůĞͲĨĂŵŝůǇ 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ēôϙĖťƅϙĺċϙĺèēôŜťôŘϙÍīŜĺϙīÍŪĲèēôîϙ"ϙŕĖīĺťϙŕŘĺČŘÍıŜϠϙċôôϙŘôĖıæŪŘŜôıôĲťϙ ŕŘĺČŘÍıŜϙċĺŘϙÍƯĺŘîÍæīôϙĲôſϙèĺĲŜťŘŪèťĖĺĲϙēĺıôŜϟϙ ϙ R iīıŜťôîϙĺŪĲťƅϙîôŽôīĺŕôîϙ͐͏ϙĲôſϙēĺıôŜϙťēĖŜϙīÍŜťϙƅôÍŘϙĖĲϙèĺīīÍæĺŘÍťĖĺĲϙſĖťēϙ>ĖŘŜťϙ FĺıôŜϙťēĖŜϙīÍŜťϙƅôÍŘϙťēÍťϙſĖīīϙæôϙŕīÍèôîϙĖĲϙťēôϙīÍĲîϙťŘŪŜťϙťĺϙŘôıÍĖĲϙÍƯĺŘîÍæīôϙĖĲϙ ŕôŘŕôťŪĖťƅϟϙϙϙ ZĞŶƚĂů,ŽƵƐŝŶŐWƌŽũĞĐƚĞĚ^ƵƉƉůǇǀƐ͘ĞŵĂŶĚ͘ KǀĞƌƚŚĞƉĂƐƚĚĞĐĂĚĞ͕ZŽĐŚĞƐƚĞƌŚĂƐďĞĞŶ x ĂǀĞƌĂŐŝŶŐŽǀĞƌϳϯϬŶĞǁŵƵůƚŝĨĂŵŝůǇƵŶŝƚƐĂŶŶƵĂůůǇ͕ŵŽƐƚŽĨǁŚŝĐŚĂƌĞŵƵůƚŝĨĂŵŝůǇ ĂƉĂƌƚŵĞŶƚƐ͘ůƚŚŽƵŐŚƉĞƌŵŝƚĂĐƚŝǀŝƚǇǀĂƌŝĞƐĨƌŽŵǇĞĂƌƚŽǇĞĂƌ͕ƚŚŝƐůĞǀĞůŽĨĚĞǀĞůŽƉŵĞŶƚ ǁŝůůďĞĐŚĂůůĞŶŐŝŶŐƚŽƌĞƉůŝĐĂƚĞŝŶƚŚĞŶĞǆƚĚĞĐĂĚĞ͘ƚƚŚĞƚŝŵĞŽĨƚŚŝƐƐƚƵĚǇ͕ƚŚĞƌĞĂƌĞ ĂƉƉƌŽǆŝŵĂƚĞůǇϮ͕ϱϬϬƌĞŶƚĂůƵŶŝƚƐŝŶƚŚĞƉŝƉĞůŝŶĞŝŶZŽĐŚĞƐƚĞƌ͕ŵŽƐƚŽĨǁŚŝĐŚĂƌĞƐƚŝůůŝŶƚŚĞ ŝŶŝƚŝĂůƉůĂŶŶŝŶŐͬƉƌŽƉŽƐĞĚƉŚĂƐĞƐ͘^ŚŽƵůĚĂůůƚŚĞƐĞƉƌŽũĞĐƚƐŵŽǀĞĨŽƌǁĂƌĚƐŝŵƵůƚĂŶĞŽƵƐůǇ͕Ă ĐŽŵƉĞƚŝƚŝǀĞŵĂƌŬĞƚǁŽƵůĚƌĞƐƵůƚ͕ƉƌŽǀŝĚŝŶŐŵŽƌĞŽƉƚŝŽŶƐĨŽƌƌĞŶƚĞƌƐďƵƚĞůĞǀĂƚĞĚǀĂĐĂŶĐŝĞƐ ĨŽƌƉƌŽƉĞƌƚǇŽǁŶĞƌƐ͘ůƚŚŽƵŐŚĚĞǀĞůŽƉŵĞŶƚĐǇĐůĞƐĞďďĂŶĚĨůŽǁ͕ĚĞŵĂŶĚŝƐƐƉƌĞĂĚĂĐƌŽƐƐ ƚŚĞŶĞǆƚĚĞĐĂĚĞĂŶĚŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶǁŝůůďĞŶĞĞĚĞĚǁĞůůŝŶƚŽƚŚĞŶĞǆƚĚĞĐĂĚĞ͘ ^ŚŝĨƚŝŶŐĞŵĂŶĚWĂƚƚĞƌŶƐ͘ ŽŵƉĂƌĞĚƚŽƚŚĞϮϬϮϬŽŵƉƌĞŚĞŶƐŝǀĞ,ŽƵƐŝŶŐ^ƚƵĚǇ x ĐŽŵƉůĞƚĞĚĨŽƌKůŵƐƚĞĚŽƵŶƚǇ͕ƚŚĞƌĞŚĂǀĞďĞĞŶƉƌŽŶŽƵŶĐĞĚĐŚĂŶŐĞƐŝŶŚŽƵƐŝŶŐŶĞĞĚ ďĞƚǁĞĞŶƚŚĞƚǁŽƐƚƵĚǇƚŝŵĞĨƌĂŵĞƐ͘ůƚŚŽƵŐŚƚŚĞƌĞĐŽŶƚŝŶƵĞƐƚŽďĞƐƚƌŽŶŐĂŶĚƐƚĞĂĚǇ ŚŽƵƐŝŶŐŶĞĞĚƐƚŚƌŽƵŐŚŽƵƚƚŚĞĐŽƵŶƚǇ͕ŶĞĞĚƐĂƌĞƐŚŝĨƚŝŶŐďĂƐĞĚĂǀĂƌŝĞƚǇŽĨĨĂĐƚŽƌƐ͘DŽƐƚ ŶŽƚĂďůĞ͕ƚŚĞƉŽƉƵůĂƚŝŽŶŝƐĂŐŝŶŐĂŶĚƚŚĞƐŚŝĨƚŝƐƉƌŽŶŽƵŶĐĞĚŝŶƚŚĞŶĞĞĚĨŽƌĂŐĞͲƚĂƌŐĞƚĞĚŽƌ ĂŐĞͲƌĞƐƚƌŝĐƚĞĚŚŽƵƐŝŶŐ͘ƵƚǁŝƚŚƚŚĞĐŚĂŶŐŝŶŐĚĞŵŽŐƌĂƉŚŝĐƐ͕ƚŽŐĞƚŚĞƌǁŝƚŚŶĞǁĂĨĨŽƌĚĂďůĞ ƐƵƉƉůǇ͕ƚŚĞŶƵŵďĞƌŽĨĂĨĨŽƌĚĂďůĞĂŶĚƐƵďƐŝĚŝǌĞĚŚŽƵƐŝŶŐƵŶŝƚƐŶĞĞĚĞĚŚĂƐĚĞĐůŝŶĞĚďǇϮϮй ĨƌŽŵƚŚĞϮϬϮϬƐƚƵĚǇ͘ƚƚŚĞƐĂŵĞƚŝŵĞ͕ƚŚĞŶƵŵďĞƌŽĨŵĂƌŬĞƚƌĂƚĞƵŶŝƚƐŚĂƐŝŶĐƌĞĂƐĞĚďǇ ŽǀĞƌϯй͕ůĂƌŐĞůǇŝŶƚŚĞƐĞŶŝŽƌŚŽƵƐŝŶŐƐĞĐƚŽƌĂŶĚŐĞŶĞƌĂůͲŽĐĐƵƉĂŶĐǇŵĂƌŬĞƚƌĂƚĞƐĞĐƚŽƌ͘ dŚĞƌĞĂƌĞƐĞǀĞƌĂůĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐƉƌŽũĞĐƚƐŝŶƚŚĞƉŝƉĞůŝŶĞƚŚĂƚǁŝůůŝŶĐƌĞĂƐĞƚŚĞƐƵƉƉůǇ ǁŚŝůĞǇŝĞůĚŝŶŐĐŽŶƚŝŶƵĞĚƐƚƌŝĚĞƐƚŽǁĂƌĚŵĞĞƚŝŶŐƚŚĞĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐŶĞĞĚƐŝŶƚŚĞ ĐŽƵŶƚǇ͘ ϙ ^ŝŶŐůĞͲ&ĂŵŝůǇZĞŶƚĂů,ŽƵƐŝŶŐĞŵĂŶĚ͘ dĂďůĞ,ͲϲƐŚŽǁĞĚƚŚĂƚĂŶĞƐƚŝŵĂƚĞĚϮϲйŽĨƚŚĞ x ƌĞŶƚĂůŚŽƵƐŝŶŐŝŶǀĞŶƚŽƌǇŝŶKůŵƐƚĞĚŽƵŶƚǇŝŶϮϬϮϰŝƐǁŝƚŚŝŶƐŝŶŐůĞͲƵŶŝƚŚŽƵƐŝŶŐƐƚƌƵĐƚƵƌĞƐ͘ 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ŽƵƚŽĨƚŚĞƉĂŶĚĞŵŝĐŽǀĞƌƚŚĞƉĂƐƚĨĞǁǇĞĂƌƐ͘ůƚŚŽƵŐŚƚŚŝƐŚĂƐďĞĞŶƐůŽǁƚŽĚĞǀĞůŽƉŝŶƚŚĞ DŝĚǁĞƐƚ͕ƐĞǀĞƌĂůŚŽƵƐŝŶŐĚĞǀĞůŽƉĞƌƐŝŶĐŽƌƉŽƌĂƚĞƌĞŶƚĂůƐŝŶƚŽƚŚĞŝƌƐŝŶŐůĞͲĨĂŵŝůǇ ƐƵďĚŝǀŝƐŝŽŶƐŐŝǀĞŶƚŚĞƐƚƌŽŶŐĚĞŵĂŶĚĨŽƌĚĞƚĂĐŚĞĚƌĞŶƚĂůŚŽƵƐŝŶŐƉƌŽĚƵĐƚƐ͘tĞ ƌĞĐŽŵŵĞŶĚĞǆƉůŽƌŝŶŐƉƵƌƉŽƐĞͲďƵŝůƚƐŝŶŐůĞͲĨĂŵŝůǇƌĞŶƚĂůĐŽŵŵƵŶŝƚŝĞƐŽƌƚŽǁŶŚŽŵĞƐŝŶƚŚĞ KůŵƐƚĞĚŽƵŶƚǇĐŽŵŵƵŶŝƚŝĞƐĂŶĚǌŽŶŝŶŐĐŽĚĞƐƚŚĂƚƉĞƌŵŝƚƚŚĞƉƌŽũĞĐƚĐŽŶĐĞƉƚ͘ ^ŝŶŐůĞ&ĂŵŝůǇƚƚĂĐŚĞĚͬĞƚĂĐŚĞĚZĞŶƚĂů,ŽƵƐŝŶŐWĐƚ͘ ϲϬ͘Ϭй ϱϭ͘ϳй ϱϬ͘Ϭй ϰϬ͘Ϭй ϯϲ͘ϰй ϯϱ͘Ϭй ϯϮ͘ϱй ϯϮ͘ϭй Ϯϳ͘ϵй ϯϬ͘Ϭй Ϯϱ͘ϳй Ϯϰ͘ϯй ϮϬ͘Ϭй ϭϬ͘Ϭй Ϭ͘Ϭй ǇƌŽŶŚĂƚĨŝĞůĚĂƐƚEŽƌƚŚZŽĐŚĞƐƚĞƌZŽĐŚ͘&ƌŝŶŐĞ^ƚĞǁĂƌƚǀůůĞKůŵƐƚĞĚƚǇ͘ D ^ŚŽƌƚͲdĞƌŵ,ŽƵƐŝŶŐͬǆƚĞŶĚĞĚ^ƚĂǇͬDŝĚͲdĞƌŵ^ƚĂǇƐ͘ ĞĐĂƵƐĞŽĨZŽĐŚĞƐƚĞƌ͛ƐĚƌĂǁĂƐĂ x ŵĞĚŝĐĂůĚĞƐƟŶĂƟŽŶ͕ƚŚĞƌĞĂƌĞĂŶƵŵďĞƌŽĨƚĞŵƉŽƌĂƌǇĂŶĚƐŚŽƌƚ ͲƚĞƌŵƐƚĂǇŚŽƵƐŝŶŐ ĂĐĐŽŵŵŽĚĂƟŽŶƐŝŶZŽĐŚĞƐƚĞƌ͘dŚĞƚĂƌŐĞƚŵĂƌŬĞƚĨŽƌƚŚĞƐĞƐƚĂǇƐŚĂƐďĞĞŶŚĞĂůƚŚĐĂƌĞ ƉĂƟĞŶƚƐĂŶĚĨĂŵŝůŝĞƐŽĨƚŚŽƐĞƉĂƟĞŶƚƐ͕ŚŽǁĞǀĞƌŽƚŚĞƌƚĂƌŐĞƚŵĂƌŬĞƚƐŝŶĐůƵĚĞhDZ ƐƚƵĚĞŶƚƐ͕DĂǇŽůŝŶŝĐĨĂĐƵůƚǇͬƐƚĂī͕ĐŽƌƉŽƌĂƚĞƌĞůŽĐĂƟŽŶƐ͕ĞƚĐ͘ƐƚĂďůŝƐŚŵĞŶƚƐƌĂŶŐĞĨƌŽŵ ŚŽƚĞůƐ͕ƐƵŝƚĞƐ͕ĂƉĂƌƚŵĞŶƚƐ͕ƚŽǁŶŚŽŵĞƐŽƌƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞƐ͕ĞƚĐ͘DĂŶǇŽĨƚŚĞƐĞ 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ͲƚĞƌŵŵĞĚŝĐĂůĐĂƌĞĨƌŽŵƚŚĞDĂǇŽůŝŶŝĐ͘ DĂǆĮĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƟŶŐŚĂƐĨŽƵŶĚƚŚĂƚƐŚŽƌƚ ͲƚĞƌŵƌĞŶƚĂůƐŚĂǀĞŶŽƚŚĂĚŵƵĐŚ͕ŝĨĂŶǇ͕ ŝŵƉĂĐƚŽŶƚŚĞůŽĐĂůƌĞŶƚĂůŚŽƵƐŝŶŐŵĂƌŬĞƚƐƵƉƉůǇŝŶZŽĐŚĞƐƚĞƌ͘^ŚŽƌƚͲƚĞƌŵƌĞŶƚĂůƐƚŽĚĂƚĞ ŚĂǀĞŶŽƚƌĞĚƵĐĞĚƚŚĞƐƵƉƉůǇŽĨƌĞŶƚĂůŚŽƵƐŝŶŐĨƌŽŵƌĞŶƚĂůůĂŶĚůŽƌĚƐĐŽŶǀĞƌƟŶŐĨƌŽŵƚŚĞ ƌĞŶƚĂůƐƚŽĐŬƚŽƐŚŽƌƚͲ ƚĞƌŵƌĞŶƚĂůƐ͘ƚƚŚŝƐƟŵĞ͖ŵĂŶǇƐŚŽƌƚ ͲƚĞƌŵƌĞŶƚĂůƐŚĂǀĞďĞĞŶĨƌŽŵ ƐŵĂůůĞƌ͕͞ŵŽŵĂŶĚƉŽƉ͟ƌĞĂůĞƐƚĂƚĞŽǁŶĞƌƐƚŚĂƚŚĂǀĞŽƉƚĞĚƚŽƌĞŶƚŽƵƚƚŚĞŝƌŚŽŵĞŽƌƌŽŽŵƐ ǁŝƚŚŝŶƚŚĞŝƌŚŽŵĞ͘EŽŶĞƚŚĞůĞƐƐ͕ƚŚĞƌĞŝƐƉƌĞƐƐƵƌĞĨƌŽŵƚŚĞŶĞǁůƵǆƵƌǇĂƉĂƌƚŵĞŶƚďƵŝůĚŝŶŐƐ ƚŽĐŽŶǀĞƌƚĂƉŽƌƟŽŶŽĨƚŚĞƵŶŝƚƐƚŽƚŚĞƐŚŽƌƚ ͲƚĞƌŵƌĞŶƚĂůŝŶǀĞŶƚŽƌǇǁŝƚŚƚŽĚĂǇ͛ƐŚŝŐŚĞƌ ǀĂĐĂŶĐǇƌĂƚĞƐ͘,ŽǁĞǀĞƌ͕ǁĞĂƌĞƵŶĂǁĂƌĞŽĨĂƐŝŐŶŝĮĐĂŶƚƉƌĞƐĞŶĐĞŽĨƐŚŽƌƚ ͲƚĞƌŵƐƚĂǇƌĞŶƚĂůƐ ŝŶŶĞǁĂƉĂƌƚŵĞŶƚƉƌŽũĞĐƚƐ͘ ^ŚŽƌƚͲƚĞƌŵƌĞŶƚĂůƐŚĂǀĞĨĂĐĞĚďĂĐŬůĂƐŚĨƌŽŵƚŚĞŚŽƐƉŝƚĂůŝƚǇŝŶĚƵƐƚƌǇĚƵĞƚŽŝŶĐƌĞĂƐĞĚ ĐŽŵƉĞƚŝƚŝŽŶĂŶĚƚŚĞůĂĐŬŽĨĂŚŽƐƉŝƚĂůŝƚǇƚĂǆƉĂƐƐĞĚƚŽƚŚĞĐŽŶƐƵŵĞƌ͘ƚƚŚĞƐĂŵĞƚŝŵĞ͕ ŵĂũŽƌŚŽƚĞůĐŚĂŝŶƐŚĂǀĞĂůƐŽĞŶƚĞƌĞĚŝŶƚŽƚŚĞƐŚŽƌƚͲƚĞƌŵƐƚĂǇŵĂƌŬĞƚĂƐƚŚĞǇƐĞĞŬƚŽ ĚŝǀĞƌƐŝĨǇƚŚĞŝƌƉŽƌƚĨŽůŝŽƐĂŶĚƚĂŬĞĂĚǀĂŶƚĂŐĞŽĨƚŚĞŚŽŵĞƐŚĂƌŝŶŐŝŶĚƵƐƚƌǇ͘ dŚĞŽƚŚĞƌƉƌŽĚƵĐƚƚŚĂƚŝƐƐĞĞŝŶŐŝŶĐƌĞĂƐĞĚĚĞŵĂŶĚŝƐƚŚĞŵĂƌŬĞƚĨŽƌŵŝĚͲƚĞƌŵƌĞŶƚĂůƐ͘DŝĚͲ ƚĞƌŵƌĞŶƚĂůƐĂƌĞĐůĂƐƐŝĨŝĞĚĂƐĂůĞĂƐĞͲƚĞƌŵŵŽƌĞƚŚĂŶϯϬĚĂǇƐďƵƚŽĨƚĞŶůĞƐƐƚŚĂŶƐŝǆŵŽŶƚŚƐ͘ DŝĚͲƚĞƌŵƌĞŶƚĂůƐĂƌĞŽĨƚĞŶĨƵƌŶŝƐŚĞĚĂŶĚƚĂƌŐĞƚƚŚŽƐĞŶĞĞĚŝŶŐƚĞŵƉŽƌĂƌǇŚŽƵƐŝŶŐĨŽƌĂŶ ĞǆƚĞŶĚƚŝŵĞďƵƚŶŽƚƌĞĂĚǇƚŽĐŽŵŵŝƚƚŽĂůŽŶŐͲƚĞƌŵůĞĂƐĞ͘DŝĚͲƚĞƌŵƌĞŶƚĂůƐĂƌĞƉŽƉƵůĂƌ ǁŝƚŚƚƌĂǀĞůŶƵƌƐĞƐ͕ƐĂůĞƐƉƌŽĨĞƐƐŝŽŶĂůƐ͕ƐƚƵĚĞŶƚƐͬƉƌŽĨĞƐƐŽƌƐŽŶƐŚŽƌƚͲƚĞƌŵĂƐƐŝŐŶŵĞŶƚƐ͕ ĐŽŶƐƚƌƵĐƚŝŽŶǁŽƌŬĞƌƐ͕ĂŶĚƌĞŵŽƚĞǁŽƌŬĞƌƐ͘dŚĞǇĂƌĞĂůƐŽĂƚƚƌĂĐƚŝǀĞƚŽƉĞŽƉůĞƌĞůŽĐĂƚŝŶŐƚŽ ƚŚĞĐŝƚǇĂŶĚƚŚĞǇǁĂŶƚĂƚĞŵƉŽƌĂƌǇŚŽƵƐŝŶŐŽƉƚŝŽŶǁŚŝůĞƚŚĞǇĂƌĞƐĞĂƌĐŚŝŶŐĨŽƌĂŵŽƌĞ ƉĞƌŵĂŶĞŶƚƌĞƐŝĚĞŶĐĞƚŽĞƐƚĂďůŝƐŚƌŽŽƚƐ͘DŝĚͲƚĞƌŵƌĞŶƚĂůƐŽĨƚĞŶĐŽŵŵĂŶĚĂƉƌŝĐĞƉƌĞŵŝƵŵ ĨŽƌƚŚĞĨůĞǆŝďůĞůĞĂƐĞƚĞƌŵƐ͘'ŝǀĞŶƚŚĞŚĞĂůƚŚĐĂƌĞŝŶĚƵƐƚƌǇŝŶZŽĐŚĞƐƚĞƌ͕ŵŝĚͲƚĞƌŵƌĞŶƚĂůƐ ǁŝůůĐŽŶƚŝŶƵĞƚŽďĞƐŽƵŐŚƚĂĨƚĞƌďǇŚĞĂůƚŚĐĂƌĞƉƌŽĨĞƐƐŝŽŶĂůƐĂƐǁĞůůĂƐƚŚĞŝŶĨůƵǆŽĨ ĐŽŶƐƚƌƵĐƚŝŽŶǁŽƌŬĞƌƐĨŽƌƚŚĞDĂǇŽůŝŶŝĐĞǆƉĂŶƐŝŽŶ͘ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϱϰ WWE/y WWE/y Dy&/>Z^Z,ΘKE^h>d/E'Ϯϱϱ WWE/y ĞŵŽŐƌĂƉŚŝĐŶĂůǇƐŝƐdĂďůĞƐ d>Ͳϭ WKWh>d/KEE,Kh^,K>'ZKtd,dZE^EWZK:d/KE^ K>D^dKhEdzDZ<dZ ϭϵϵϬͲϮϬϰϬ ŚĂŶŐĞ ĞŶƐƵƐ&ŽƌĞĐĂƐƚϮϬϬϬͲϮϬϭϬϮϬϭϬͲϮϬϮϬϮϬϮϬͲϮϬϯϬϮϬϯϬͲϮϬϰϬ ϮϬϬϬϮϬϭϬϮϬϮϬϮϬϮϱϮϬϯϬϮϬϯϱϮϬϰϬEŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ WKWh>d/KE KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂϭϯϭ͕ϬϰϴϭϱϮ͕ϭϭϲϭϳϭ͕ϱϱϱϭϳϵ͕ϯϱϰϭϴϳ͕ϴϳϳϭϵϲ͕ϱϰϳϮϬϯ͕ϮϱϯϮϭ͕Ϭϲϴϭϲ͘ϭйϭϵ͕ϰϯϵϭϮ͘ϴйϭϲ͕ϯϮϮϵ͘ϱйϭϱ͕ϯϳϳϴ͘Ϯй KůŵƐƚĞĚŽƵŶƚǇϭϮϰ͕Ϯϳϳϭϰϰ͕ϮϰϴϭϲϮ͕ϴϰϳϭϳϬ͕ϯϴϲϭϳϴ͕ϰϴϯϭϴϲ͕ϳϭϵϭϵϯ͕ϬϵϬϭϵ͕ϵϳϭϭϲ͘ϭйϭϴ͕ϱϵϵϭϮ͘ϵйϭϱ͕ϲϯϲϵ͘ϲйϭϰ͕ϲϬϴϴ͘Ϯй ǇƌŽŶ^ƵďŵĂƌŬĞƚϱ͕ϳϱϳϳ͕Ϭϰϲϴ͕ϱϮϯϵ͕ϱϳϰϭϬ͕ϰϳϲϭϭ͕ϮϭϱϭϮ͕Ϭϵϭϭ͕ϮϴϵϮϮ͘ϰйϭ͕ϰϳϳϮϭ͘Ϭйϭ͕ϵϱϯϮϮ͘ϵйϭ͕ϲϭϱϭϱ͘ϰй ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚϯ͕ϯϲϬϯ͕ϳϮϱϯ͕ϴϴϵϰ͕ϬϬϭϰ͕ϭϮϵϰ͕Ϯϵϭϰ͕ϯϴϰϯϲϱϭϬ͘ϵйϭϲϰϰ͘ϰйϮϰϬϲ͘ϮйϮϱϲϲ͘Ϯй ĂƐƚ^ƵďŵĂƌŬĞƚϳ͕ϭϳϲϴ͕ϮϮϴϴ͕ϱϮϲϴ͕ϴϭϯϵ͕ϮϬϯϵ͕ϱϮϱϵ͕ϴϬϬϭ͕ϬϱϮϭϰ͘ϳйϮϵϴϯ͘ϲйϲϳϳϳ͘ϵйϱϵϳϲ͘ϱй EŽƌƚŚ^ƵďŵĂƌŬĞƚϳ͕ϭϴϬϴ͕ϰϭϭϵ͕ϲϴϳϭϬ͕ϬϯϱϭϬ͕ϰϵϬϭϬ͕ϴϵϬϭϭ͕Ϯϰϲϭ͕Ϯϯϭϭϳ͘ϭйϭ͕Ϯϳϲϭϱ͘ϮйϴϬϯϴ͘ϯйϳϱϲϳ͘Ϯй ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞϭϯ͕ϴϱϵϵ͕ϱϵϮϭϬ͕ϰϱϬϭϬ͕ϵϰϯϭϭ͕ϰϬϱϭϭ͕ϴϱϱϭϮ͕ϮϵϯͲϰ͕ϮϲϳͲϯϬ͘ϴйϴϱϴϴ͘ϵйϵϱϱϵ͘ϭйϴϴϴϳ͘ϴй ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚϴϱ͕ϴϬϲϭϬϲ͕ϳϲϵϭϮϭ͕ϯϵϱϭϮϲ͕ϲϬϬϭϯϮ͕ϱϬϬϭϯϴ͕ϴϬϬϭϰϯ͕ϭϲϬϮϬ͕ϵϲϯϮϰ͘ϰйϭϰ͕ϲϮϲϭϯ͘ϳйϭϭ͕ϭϬϱϵ͘ϭйϭϬ͕ϲϲϬϴ͘Ϭй ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚϳ͕ϵϭϬϴ͕ϯϰϱϵ͕Ϭϴϱϵ͕ϯϴϵϵ͕ϲϳϰϵ͕ϵϳϭϭϬ͕Ϯϳϵϰϯϱϱ͘ϱйϳϰϬϴ͘ϵйϱϴϵϲ͘ϱйϲϬϱϲ͘ϯй DƌĞĂΎϯ͕ϲϬϱϯ͕Ϭϰϵϯ͕ϰϳϭϰ͕ϰϯϰϱ͕Ϯϴϱϱ͕ϲϴϱϲ͕ϬϵϬͲϱϱϲͲϭϱ͘ϰйϰϮϮϭϯ͘ϴйϭ͕ϴϭϰϱϮ͘ϯйϴϬϱϭϱ͘Ϯй ZŽĐŚĞƐƚĞƌD^ΎΎϭϴϰ͕ϳϰϬϮϬϲ͕ϴϳϳϮϮϲ͕ϯϮϵϮϯϰ͕ϰϬϱϮϰϯ͕ϴϵϬϮϱϮ͕ϰϳϰϮϲϬ͕ϬϯϵϮϮ͕ϭϯϳϭϮ͘Ϭйϭϵ͕ϰϱϮϵ͘ϰйϭϳ͕ϱϲϭϳ͘ϴйϭϲ͕ϭϰϵϲ͘ϲй ^ŽƵƚŚĞĂƐƚDEZĞŐŝŽŶΔϰϲϬ͕ϭϬϮϰϵϰ͕ϲϴϰϱϭϳ͕ϴϱϮϱϮϵ͕ϳϭϰϱϰϬ͕ϲϱϱϱϰϵ͕ϮϰϮϱϱϱ͕ϯϰϳϯϰ͕ϱϴϮϳ͘ϱйϮϯ͕ϭϲϴϰ͘ϳйϮϮ͕ϴϬϯϰ͘ϰйϭϰ͕ϲϵϮϮ͘ϳй DŝŶŶĞƐŽƚĂϰ͕ϵϭϵ͕ϰϳϵϱ͕ϯϬϯ͕ϵϮϱϱ͕ϳϬϲ͕ϰϵϰϱ͕ϴϬϰ͕ϰϬϬϱ͕ϵϮϯ͕ϱϯϱϲ͕Ϭϭϲ͕ϳϰϵϲ͕ϬϴϮ͕ϲϮϵϯϴϰ͕ϰϰϲϳ͘ϴйϰϬϮ͕ϱϲϵϳ͘ϲйϮϭϳ͕Ϭϰϭϯ͘ϴйϭϱϵ͕ϬϵϰϮ͘ϳй ,Kh^,K>^ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂϱϬ͕ϯϴϲϲϬ͕ϭϳϲϲϴ͕ϳϬϭϳϮ͕ϲϳϰϳϲ͕ϴϱϱϴϭ͕ϬϰϬϴϰ͕ϯϴϴϵ͕ϳϵϬϭϵ͘ϰйϴ͕ϱϮϱϭϰ͘Ϯйϴ͕ϭϱϰϭϭ͘ϵйϳ͕ϱϯϯϵ͘ϴй KůŵƐƚĞĚŽƵŶƚǇϰϳ͕ϴϬϳϱϳ͕ϬϴϬϲϱ͕ϮϰϮϲϵ͕ϬϰϬϳϯ͕ϬϭϮϳϲ͕ϵϴϴϴϬ͕ϭϲϵϵ͕Ϯϳϯϭϵ͘ϰйϴ͕ϭϲϮϭϰ͘ϯйϳ͕ϳϳϬϭϭ͘ϵйϳ͕ϭϱϲϵ͘ϴй ǇƌŽŶ^ƵďŵĂƌŬĞƚϭ͕ϵϵϲϮ͕ϲϮϵϯ͕Ϭϴϲϯ͕ϰϱϳϯ͕ϳϲϳϰ͕Ϭϭϳϰ͕ϯϭϮϲϯϯϯϭ͘ϳйϰϱϳϭϳ͘ϰйϲϴϭϮϮ͘ϭйϱϰϱϭϰ͘ϱй ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚϭ͕Ϯϳϱϭ͕ϰϱϰϭ͕ϱϳϴϭ͕ϲϯϬϭ͕ϲϴϭϭ͕ϳϰϴϭ͕ϴϬϯϭϳϵϭϰ͘ϬйϭϮϰϴ͘ϱйϭϬϯϲ͘ϱйϭϮϮϳ͘ϯй ĂƐƚ^ƵďŵĂƌŬĞƚϮ͕ϲϰϯϯ͕Ϭϴϴϯ͕Ϯϰϴϯ͕ϯϲϲϯ͕ϱϮϲϯ͕ϲϱϳϯ͕ϳϲϳϰϰϱϭϲ͘ϴйϭϲϬϱ͘ϮйϮϳϴϴ͘ϲйϮϰϭϲ͘ϴй EŽƌƚŚ^ƵďŵĂƌŬĞƚϮ͕ϲϯϭϯ͕ϮϬϵϯ͕ϲϭϮϯ͕ϳϱϭϯ͕ϵϯϴϰ͕Ϭϵϴϰ͕ϮϰϱϱϳϴϮϮ͘ϬйϰϬϯϭϮ͘ϲйϯϮϲϵ͘ϬйϯϬϳϳ͘ϴй ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞϰ͕ϴϬϲϯ͕ϱϭϮϯ͕ϳϲϰϯ͕ϵϲϭϰ͕ϭϰϲϰ͕ϯϮϲϰ͕ϱϬϭͲϭ͕ϮϵϰͲϮϲ͘ϵйϮϱϮϳ͘ϮйϯϴϮϭϬ͘ϭйϯϱϱϴ͘ϲй ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚϯϰ͕ϭϭϲϰϯ͕ϬϮϱϰϵ͕ϵϬϰϱϮ͕ϴϱϬϱϲ͕ϬϬϬϱϵ͕ϮϱϬϲϭ͕ϲϱϭϴ͕ϵϬϵϮϲ͘ϭйϲ͕ϴϳϵϭϲ͘Ϭйϲ͕ϬϵϲϭϮ͘Ϯйϱ͕ϲϱϭϭϬ͘ϭй ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚϮ͕ϵϭϵϯ͕Ϯϱϵϯ͕ϱϬϵϯ͕ϲϱϵϯ͕ϳϵϳϯ͕ϵϰϰϰ͕ϭϬϵϯϰϬϭϭ͘ϲйϮϱϬϳ͘ϳйϮϴϴϴ͘ϮйϯϭϮϴ͘Ϯй DƌĞĂΎϭ͕ϵϲϴϭ͕ϴϳϱϮ͕ϯϮϳϮ͕ϵϳϬϯ͕ϱϲϱϯ͕ϴϳϱϰ͕ϭϳϬͲϵϯͲϰ͘ϳйϰϱϮϮϰ͘ϭйϭ͕Ϯϯϴϱϯ͘ϮйϲϬϱϭϳ͘Ϭй ZŽĐŚĞƐƚĞƌD^ΎΎϳϬ͕ϳϯϮϴϭ͕ϵϬϳϵϬ͕ϲϳϯϵϰ͕ϲϳϳϵϵ͕ϲϴϳϭϬϯ͕ϴϵϵϭϬϳ͕ϵϬϬϭϭ͕ϭϳϱϭϱ͘ϴйϴ͕ϳϲϲϭϬ͘ϳйϵ͕Ϭϭϰϵ͘ϵйϴ͕Ϯϭϯϴ͘Ϯй ^ŽƵƚŚĞĂƐƚDEZĞŐŝŽŶΔϭϳϰ͕ϳϲϰϭϵϯ͕ϲϵϬϮϬϱ͕ϯϭϭϮϭϭ͕ϮϱϱϮϭϳ͕ϲϬϬϮϮϮ͕ϯϲϱϮϮϱ͕ϳϱϭϭϴ͕ϵϮϲϭϬ͘ϴйϭϭ͕ϲϮϭϲ͘ϬйϭϮ͕Ϯϴϵϲ͘Ϭйϴ͕ϭϱϭϯ͘ϳй DŝŶŶĞƐŽƚĂϭ͕ϴϵϱ͕ϭϮϳϮ͕Ϭϴϳ͕ϮϮϳϮ͕Ϯϱϯ͕ϵϵϬϮ͕ϯϬϯ͕ϯϯϯϮ͕ϯϱϵ͕ϵϳϰϮ͕ϰϭϲ͕ϯϲϱϮ͕ϰϱϮ͕ϲϳϯϭϵϮ͕ϭϬϬϭϬ͘ϭйϭϲϲ͕ϳϲϯϴ͘ϬйϭϬϱ͕ϵϴϰϰ͘ϳйϵϮ͕ϲϵϵϯ͘ϵй WZ^KE^WZ,Kh^,K> KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂϮ͘ϲϬϮ͘ϱϯϮ͘ϱϬϮ͘ϰϳϮ͘ϰϰϮ͘ϰϯϮ͘ϰϭ KůŵƐƚĞĚŽƵŶƚǇϮ͘ϲϬϮ͘ϱϯϮ͘ϱϬϮ͘ϰϳϮ͘ϰϰϮ͘ϰϯϮ͘ϰϭ ǇƌŽŶ^ƵďŵĂƌŬĞƚϮ͘ϴϴϮ͘ϲϴϮ͘ϳϲϮ͘ϳϳϮ͘ϳϴϮ͘ϳϵϮ͘ϴϬ ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚϮ͘ϲϰϮ͘ϱϲϮ͘ϰϲϮ͘ϰϱϮ͘ϰϲϮ͘ϰϱϮ͘ϰϯ ĂƐƚ^ƵďŵĂƌŬĞƚϮ͘ϳϮϮ͘ϲϲϮ͘ϲϯϮ͘ϲϮϮ͘ϲϭϮ͘ϲϬϮ͘ϲϬ EŽƌƚŚ^ƵďŵĂƌŬĞƚϮ͘ϳϯϮ͘ϲϮϮ͘ϲϴϮ͘ϲϴϮ͘ϲϲϮ͘ϲϲϮ͘ϲϱ ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞϮ͘ϴϴϮ͘ϳϯϮ͘ϳϴϮ͘ϳϲϮ͘ϳϱϮ͘ϳϰϮ͘ϳϯ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚϮ͘ϱϮϮ͘ϰϴϮ͘ϰϯϮ͘ϰϬϮ͘ϯϳϮ͘ϯϰϮ͘ϯϮ ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚϮ͘ϳϭϮ͘ϱϲϮ͘ϱϵϮ͘ϱϳϮ͘ϱϱϮ͘ϱϯϮ͘ϱϬ DƌĞĂ ϭ͘ϴϯϭ͘ϲϯϭ͘ϰϵϭ͘ϰϵϭ͘ϰϴϭ͘ϰϳϭ͘ϰϲ ZŽĐŚĞƐƚĞƌD^ΎΎϮ͘ϲϭϮ͘ϱϯϮ͘ϱϬϮ͘ϰϴϮ͘ϰϱϮ͘ϰϯϮ͘ϰϭ ^ŽƵƚŚĞĂƐƚDEZĞŐŝŽŶΔϮ͘ϲϯϮ͘ϱϱϮ͘ϱϮϮ͘ϱϭϮ͘ϰϴϮ͘ϰϳϮ͘ϰϲ DŝŶŶĞƐŽƚĂϮ͘ϲϬϮ͘ϱϰϮ͘ϱϯϮ͘ϱϮϮ͘ϱϭϮ͘ϰϵϮ͘ϰϴ ΎDƌĞĂĚĂƚĂŝƐĨƌŽŵĞŶƐƵƐůŽĐŬƐ͘ůŽĐŬƐŝŶϮϬϬϬĚŽŶŽƚŵĂƚĐŚϮϬϭϬĂŶĚϮϬϮϬůŽĐŬƐ͘dŚƵƐĚĂƚĂŵĂǇďĞƐůŝŐŚƚůǇŚŝŐŚĞƌĚƵĞƚŽůŽĐŬĚĞƐŝŐŝŶĂƚŝŽŶƐ͘ ΎΎZŽĐŚĞƐƚĞƌD^ŝŶĐůƵĚĞƐƚŚĞĨŽůůŽǁŝŶŐĐŽƵŶƚŝĞƐ͗KůŵƐƚĞĚ͕ŽĚŐĞ͕&ŝůůŵŽƌĞ͕ĂŶĚtĂďĂƐŚĂ͘ Δ^ŽƵƚŚĞĂƐƚDEZĞŐŝŽŶŝŶĐůƵĚĞƐƚŚĞĨŽůůŽǁŝŶŐĐŽƵŶƚŝĞƐ͗ŽĚŐĞ͕&ŝůůŵŽƌĞ͕&ƌĞĞďŽƌŶ͕'ŽŽĚŚƵĞ͕,ŽƵƐƚŽŶ͕DŽǁĞƌ͕KůŵƐƚĞĚ͕ZŝĐĞ͕^ƚĞĞůĞ͕tĂďĂƐŚĂ͕ĂŶĚtŝŶŽŶĂ͘ ^ŽƵƌĐĞƐ͗h^ĞŶƐƵƐƵƌĞĂƵ͖DE^ƚĂƚĞĞŵŽŐƌĂƉŚŝĐĞŶƚĞƌ͖^Z/͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ͕ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϱϲ WWE/y d>ͲϮ WKWh>d/KE'/^dZ/hd/KE K>D^dKhEdzDZ<dZ ϮϬϬϬƚŽϮϬϯϬ EƵŵďĞƌŽĨWĞŽƉůĞ h͘^͘ĞŶƐƵƐƐƚŝŵĂƚĞWƌŽũĞĐƚŝŽŶŚĂŶŐĞ ϮϬϬϬϮϬϭϬϮϬϮϬϮϬϮϱϮϬϯϬϮϬϬϬͲϮϬϭϬϮϬϭϬͲϮϬϮϬϮϬϮϬͲϮϬϯϬ ǇƌŽŶEŽ͘EŽ͘EŽ͘EŽ͘EŽ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ hŶĚĞƌϭϴϭ͕ϴϬϱϭ͕ϵϴϭϮ͕ϰϳϱϮ͕ϲϬϭϮ͕ϱϴϯϭϳϲϴ͘ϵϰϵϰϮϰ͘ϵϭϬϴϰ͘ϰ ϭϴƚŽϮϰϰϳϭϰϴϱϰϵϮϳϳϴϵϳϲϭϰϮ͘ϵϳϭ͘ϰϰϴϰϵϴ͘ϯ ϮϱƚŽϯϰϲϵϲϴϴϵϴϴϯϴϵϵϭ͕ϭϮϰϭϵϯϮϭ͘ϳͲϲͲϬ͘ϳϮϰϭϮϳ͘ϯ ϯϱƚŽϰϰϭ͕ϭϮϵϵϳϵϭ͕ϯϱϴϭ͕ϱϭϰϭ͕ϯϴϬͲϭϱϬͲϭϱ͘ϯϯϳϵϯϴ͘ϳϮϮϭ͘ϲ ϰϱƚŽϱϰϳϰϳϭ͕ϮϮϲϭ͕Ϭϲϴϭ͕ϮϵϮϭ͕ϱϭϳϰϳϵϯϵ͘ϭͲϭϱϴͲϭϮ͘ϵϰϰϵϰϮ͘ϭ ϱϱƚŽϲϰϱϮϯϳϲϯϭ͕ϭϭϱϭ͕Ϭϵϱϭ͕ϭϲϬϮϰϬϯϭ͘ϱϯϱϮϰϲ͘ϭϰϱϰ͘Ϭ ϲϱƚŽϳϰϮϮϴϰϴϵϲϰϲϴϬϯϵϴϲϮϲϭϱϯ͘ϰϭϱϳϯϮ͘ϭϯϰϬϱϮ͘ϳ ϳϱƚŽϴϰϭϮϲϭϴϲϯϱϳϰϯϮϱϱϯϲϬϯϮ͘ϯϭϳϭϵϭ͘ϵϭϵϲϱϰ͘ϵ ϴϱнϯϮϰϴϭϮϵϭϲϬϭϵϳϭϲϯϯ͘ϯϴϭϭϲϴ͘ϴϲϴϱϮ͘ϲ dŽƚĂůϱ͕ϳϱϳϳ͕Ϭϰϲϴ͕ϱϮϯϵ͕ϱϳϰϭϬ͕ϰϳϲϭ͕Ϯϴϵϭϴ͘ϯϭ͕ϰϳϳϮϭ͘Ϭϭ͕ϵϱϯϮϮ͘ϵ ŚĂƚĨŝĞůĚEŽ͘EŽ͘EŽ͘EŽ͘EŽ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ hŶĚĞƌϭϴϴϵϲϭ͕ϬϭϳϵϲϯϵϮϮϴϴϳϭϮϭϭϭ͘ϵͲϱϰͲϱ͘ϯͲϳϲͲϳ͘ϵ ϭϴƚŽϮϰϮϱϭϮϮϵϮϳϵϯϮϬϯϬϴͲϮϮͲϵ͘ϲϱϬϮϭ͘ϴϮϵϭϬ͘ϱ ϮϱƚŽϯϰϰϬϳϰϱϯϰϲϴϰϳϭϱϭϳϰϲϭϬ͘Ϯϭϱϯ͘ϯϰϵϭϬ͘ϰ ϯϱƚŽϰϰϱϱϰϰϴϮϰϳϵϰϵϭϱϯϴͲϳϮͲϭϰ͘ϵͲϯͲϬ͘ϲϱϵϭϮ͘ϯ ϰϱƚŽϱϰϯϴϰϱϰϭϰϱϱϰϲϵϰϲϲϭϱϳϮϵ͘ϬͲϴϲͲϭϱ͘ϵϭϭϮ͘ϱ ϱϱƚŽϲϰϮϰϯϯϵϱϱϮϴϱϲϴϱϭϳϭϱϮϯϴ͘ϱϭϯϯϯϯ͘ϳͲϭϭͲϮ͘Ϯ ϲϱƚŽϳϰϮϳϯϮϲϴϯϱϯϯϳϮϰϰϮͲϱͲϭ͘ϵϴϱϯϭ͘ϳϴϵϮϱ͘Ϯ ϳϱƚŽϴϰϮϯϵϮϭϯϮϮϬϮϱϰϯϭϲͲϮϲͲϭϮ͘Ϯϳϯ͘ϯϵϲϰϯ͘ϲ ϴϱнϭϭϯϭϮϳϭϰϰϭϯϰϭϯϵϭϰϭϭ͘Ϭϭϳϭϯ͘ϰͲϱͲϯ͘ϳ dŽƚĂůϯ͕ϯϲϬϯ͕ϳϮϱϯ͕ϴϴϵϰ͕ϬϬϭϰ͕ϭϮϵϯϲϱϵ͘ϴϭϲϰϰ͘ϰϮϰϬϲ͘Ϯ ĂƐƚEŽ͘EŽ͘EŽ͘EŽ͘EŽ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ hŶĚĞƌϭϴϮ͕ϭϮϰϮ͕ϯϯϬϮ͕ϮϲϮϮ͕ϮϴϱϮ͕ϮϮϮϮϬϲϴ͘ϴͲϲϴͲϮ͘ϵͲϰϬͲϭ͘ϴ ϭϴƚŽϮϰϲϭϰϱϵϯϲϯϵϳϯϬϳϳϱͲϮϭͲϯ͘ϱϰϲϳ͘ϴϭϯϲϮϭ͘ϯ 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EƵŵďĞƌŽĨWĞŽƉůĞ h͘^͘ĞŶƐƵƐƐƚŝŵĂƚĞWƌŽũĞĐƚŝŽŶŚĂŶŐĞ ϮϬϬϬϮϬϭϬϮϬϮϬϮϬϮϱϮϬϯϬϮϬϬϬͲϮϬϭϬϮϬϭϬͲϮϬϮϬϮϬϮϬͲϮϬϯϬ ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞEŽ͘EŽ͘EŽ͘EŽ͘EŽ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ hŶĚĞƌϭϴϰ͕ϭϮϵϮ͕ϯϯϮϮ͕ϰϲϭϮ͕ϱϭϴϮ͕ϱϱϬͲϭ͕ϳϵϳͲϳϳ͘ϭϭϮϵϱ͘ϱϴϵϯ͘ϲ ϭϴƚŽϮϰϴϭϰϲϬϮϲϱϵϳϳϵϳϳϯͲϮϭϮͲϯϱ͘Ϯϱϳϵ͘ϱϭϭϰϭϳ͘ϯ ϮϱƚŽϯϰϭ͕ϭϵϭϲϬϯϳϲϴϭ͕ϭϳϵϭ͕ϮϬϯͲϱϴϴͲϵϳ͘ϱϭϲϱϮϳ͘ϰϰϯϱϱϲ͘ϲ ϯϱƚŽϰϰϮ͕ϳϳϴϭ͕ϬϯϮϭ͕ϯϮϯϭ͕ϰϱϰϭ͕ϱϬϳͲϭ͕ϳϰϲͲϭϲϵ͘ϮϮϵϭϮϴ͘Ϯϭϴϰϭϯ͘ϵ ϰϱƚŽϱϰϮ͕ϯϳϰϮ͕ϯϬϮϭ͕Ϯϳϳϭ͕ϯϬϵϭ͕ϰϵϴͲϳϮͲϯ͘ϭͲϭ͕ϬϮϱͲϰϰ͘ϱϮϮϭϭϳ͘ϯ ϱϱƚŽϲϰϭ͕ϰϴϰϭ͕ϱϳϱϮ͕Ϭϱϳϭ͕ϲϬϮϭ͕ϯϳϱϵϭϱ͘ϴϰϴϮϯϬ͘ϲͲϲϴϮͲϯϯ͘Ϯ ϲϱƚŽϳϰϳϯϱϳϴϵϭ͕ϮϱϮϭ͕ϯϮϱϭ͕ϰϴϲϱϰϲ͘ϴϰϲϯϱϴ͘ϳϮϯϰϭϴ͘ϳ ϳϱƚŽϴϰϮϳϭϮϵϲϱϰϱϲϭϲϳϵϭϮϱϴ͘ϰϮϰϵϴϰ͘ϭϮϰϲϰϱ͘ϭ ϴϱнϴϯϲϭϭϬϴϭϲϭϮϮϰͲϮϮͲϯϲ͘ϭϰϳϳϳ͘ϬϭϭϲϭϬϳ͘ϰ dŽƚĂůϭϯ͕ϴϱϵϵ͕ϱϵϮϭϬ͕ϰϱϬϭϬ͕ϵϰϯϭϭ͕ϰϬϱͲϰ͕ϮϲϳͲϰϰ͘ϱϴϱϴϴ͘ϵϵϱϱϵ͘ϭ ZŽĐŚĞƐƚĞƌEŽ͘EŽ͘EŽ͘EŽ͘EŽ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ hŶĚĞƌϭϴϮϮ͕ϭϭϮϮϲ͕ϰϳϬϮϳ͕ϴϱϰϮϴ͕ϮϲϰϮϴ͕ϳϯϯϰ͕ϯϱϴϭϲ͘ϱϭ͕ϯϴϰϱ͘Ϯϴϳϵϯ͘Ϯ ϭϴƚŽϮϰϳ͕ϴϯϬϴ͕ϴϰϱϭϬ͕ϲϮϱϭϭ͕Ϭϱϲϭϭ͕Ϭϱϵϭ͕Ϭϭϱϭϭ͘ϱϭ͕ϳϴϬϮϬ͘ϭϰϯϰϰ͘ϭ ϮϱƚŽϯϰϭϯ͕ϴϵϭϭϴ͕ϬϴϬϮϬ͕ϭϵϱϮϬ͕ϱϴϴϮϬ͕Ϭϰϱϰ͕ϭϴϵϮϯ͘ϮϮ͕ϭϭϱϭϭ͘ϳͲϭϱϬͲϬ͘ϳ ϯϱƚŽϰϰϭϰ͕ϳϯϰϭϯ͕ϰϮϱϭϲ͕ϮϳϬϭϴ͕ϯϮϳϭϵ͕ϳϵϵͲϭ͕ϯϬϵͲϵ͘ϴϮ͕ϴϰϱϮϭ͘Ϯϯ͕ϱϮϵϮϭ͘ϳ ϰϱƚŽϱϰϭϬ͕ϳϱϰϭϱ͕ϭϬϳϭϮ͕ϳϵϵϭϯ͕ϯϰϵϭϱ͕ϭϭϭϰ͕ϯϱϯϮϴ͘ϴͲϮ͕ϯϬϴͲϭϱ͘ϯϮ͕ϯϭϮϭϴ͘ϭ ϱϱƚŽϲϰϲ͕ϲϯϰϭϭ͕Ϯϯϱϭϰ͕ϰϲϬϭϯ͕ϲϮϱϭϮ͕ϵϱϰϰ͕ϲϬϭϰϭ͘Ϭϯ͕ϮϮϱϮϴ͘ϳͲϭ͕ϱϬϲͲϭϬ͘ϰ ϲϱƚŽϳϰϰ͕ϲϴϲϲ͕ϳϳϯϭϬ͕ϯϲϬϭϭ͕ϱϯϬϭϮ͕ϳϮϮϮ͕ϬϴϳϯϬ͘ϴϯ͕ϱϴϳϱϯ͘ϬϮ͕ϯϲϮϮϮ͘ϴ ϳϱƚŽϴϰϯ͕ϱϰϯϰ͕ϱϯϴϲ͕ϬϭϬϲ͕ϴϭϱϴ͕ϰϵϮϵϵϱϮϭ͘ϵϭ͕ϰϳϮϯϮ͘ϰϮ͕ϰϴϮϰϭ͘ϯ ϴϱнϭ͕ϲϮϮϮ͕ϮϵϲϮ͕ϴϮϮϯ͕Ϭϰϳϯ͕ϱϴϱϲϳϰϮϵ͘ϰϱϮϲϮϮ͘ϵϳϲϯϮϳ͘Ϭ dŽƚĂůϴϱ͕ϴϬϲϭϬϲ͕ϳϲϵϭϮϭ͕ϯϵϱϭϮϲ͕ϲϬϬϭϯϮ͕ϱϬϬϮϬ͕ϵϲϯϭϵ͘ϲϭϰ͕ϲϮϲϭϯ͘ϳϭϭ͕ϭϬϱϵ͘ϭ ^ƚĞǁĂƌƚǀŝůůĞEŽ͘EŽ͘EŽ͘EŽ͘EŽ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ hŶĚĞƌϭϴϮ͕ϯϬϵϮ͕ϮϮϯϮ͕ϯϳϱϮ͕ϰϬϯϮ͕ϯϯϮͲϴϲͲϯ͘ϵϭϱϮϲ͘ϴͲϰϯͲϭ͘ϴ ϭϴƚŽϮϰϱϵϱϲϭϬϲϮϳϳϰϴϳϴϳϭϱϮ͘ϱϭϳϮ͘ϴϭϲϬϮϱ͘ϱ ϮϱƚŽϯϰϭ͕Ϭϭϴϭ͕Ϭϲϯϭ͕Ϭϵϰϭ͕ϭϬϯϭ͕ϬϴϬϰϱϰ͘ϮϯϭϮ͘ϵͲϭϰͲϭ͘Ϯ ϯϱƚŽϰϰϭ͕ϯϯϬϭ͕ϬϳϮϭ͕Ϯϱϵϭ͕ϯϰϵϭ͕ϯϴϭͲϮϱϴͲϮϰ͘ϭϭϴϳϭϳ͘ϰϭϮϮϵ͘ϳ ϰϱƚŽϱϰϵϵϮϭ͕Ϯϳϰϭ͕ϬϮϱϭ͕ϬϵϮϭ͕ϮϱϭϮϴϮϮϮ͘ϭͲϮϰϵͲϭϵ͘ϱϮϮϲϮϮ͘ϭ ϱϱƚŽϲϰϳϲϬϴϵϰϭ͕Ϯϭϳϭ͕ϭϮϵϭ͕Ϭϲϳϭϯϰϭϱ͘ϬϯϮϯϯϲ͘ϭͲϭϱϬͲϭϮ͘ϯ ϲϱƚŽϳϰϰϬϳϲϵϳϳϳϴϴϱϮϵϲϳϮϵϬϰϭ͘ϲϴϭϭϭ͘ϲϭϴϵϮϰ͘ϯ ϳϱƚŽϴϰϯϭϬϯϭϯϱϰϰϱϮϴϱϵϯϯϭ͘ϬϮϯϭϳϯ͘ϴϰϵϵ͘ϭ ϴϱнϭϴϵϭϵϵϭϲϲϭϴϰϮϭϲϭϬϱ͘ϬͲϯϯͲϭϲ͘ϲϱϬϯϬ͘Ϭ dŽƚĂůϳ͕ϵϭϬϴ͕ϯϰϱϵ͕Ϭϴϱϵ͕ϯϴϵϵ͕ϲϳϰϰϯϱϱ͘ϮϳϰϬϴ͘ϵϱϴϵϲ͘ϱ DƌĞĂEŽ͘EŽ͘EŽ͘EŽ͘EŽ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ hŶĚĞƌϭϴϯϲϱϮϱϭϯϭϵϱϬϲϱϲϳͲϭϭϰͲϰϱ͘ϰϲϴϮϳ͘ϭϮϰϴϳϳ͘ϵ ϭϴƚŽϮϰϯϰϵϯϱϵϯϵϯϰϱϰϰϵϴϭϬϮ͘ϴϯϰϵ͘ϱϭϬϱϮϲ͘ϲ ϮϱƚŽϯϰϲϭϭϲϯϯϴϱϮϭ͕ϬϬϬϭ͕ϭϯϳϮϮϯ͘ϱϮϭϵϯϰ͘ϲϮϴϱϯϯ͘ϱ ϯϱƚŽϰϰϰϲϯϮϵϰϯϴϱϱϰϭϲϲϬͲϭϲϵͲϱϳ͘ϱϵϭϯϭ͘ϬϮϳϱϳϭ͘ϲ ϰϱƚŽϱϰϯϭϲϯϬϱϯϯϬϰϭϯϱϭϰͲϭϭͲϯ͘ϲϮϱϴ͘Ϯϭϴϰϱϱ͘ϴ ϱϱƚŽϲϰϭϵϵϯϬϳϯϴϱϰϮϱϰϳϭϭϬϴϯϱ͘ϮϳϴϮϱ͘ϰϴϲϮϮ͘ϯ ϲϱƚŽϳϰϮϴϭϮϭϲϯϬϭϰϰϮϱϰϵͲϲϱͲϯϬ͘ϭϴϱϯϵ͘ϰϮϰϴϴϮ͘Ϯ ϳϱƚŽϴϰϱϯϵϯϱϱϮϱϳϯϲϭϱϭϬͲϭϴϰͲϱϭ͘ϴͲϵϴͲϮϳ͘ϲϮϱϯϵϴ͘ϰ ϴϱнϰϴϮϯϮϵϮϰϵϮϵϭϯϳϵͲϭϱϯͲϰϲ͘ϱͲϴϬͲϮϰ͘ϯϭϯϬϱϮ͘Ϯ dŽƚĂůϯ͕ϲϬϱϯ͕Ϭϰϵϯ͕ϰϳϭϰ͕ϰϯϰϱ͕ϮϴϱͲϱϱϲͲϭϴ͘ϮϰϮϮϭϯ͘ϴϭ͕ϴϭϰϱϮ͘ϯ KůŵƐƚĞĚŽƵŶƚǇDEŽ͘EŽ͘EŽ͘EŽ͘EŽ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ hŶĚĞƌϭϴϯϱ͕ϯϴϵϯϴ͕ϱϲϬϰϬ͕ϵϲϬϰϭ͕ϱϱϴϰϭ͕ϴϱϬϯ͕ϭϳϭϴ͘ϮϮ͕ϰϬϬϲ͘ϮϴϵϬϮ͘Ϯ ϭϴƚŽϮϰϭϭ͕Ϭϳϭϭϭ͕ϴϳϵϭϯ͕ϵϰϴϭϱ͕ϭϳϮϭϱ͕ϰϲϯϴϬϴϲ͘ϴϮ͕Ϭϲϵϭϳ͘ϰϭ͕ϱϭϱϭϬ͘ϵ ϮϱƚŽϯϰϭϴ͕ϴϲϲϮϯ͕ϭϮϬϮϱ͕ϰϬϰϮϲ͕ϭϲϳϮϲ͕ϭϵϬϰ͕Ϯϱϰϭϴ͘ϰϮ͕Ϯϴϰϵ͘ϵϳϴϲϯ͘ϭ ϯϱƚŽϰϰϮϯ͕Ϭϲϰϭϵ͕ϭϮϮϮϯ͕ϭϳϳϮϱ͕ϲϵϭϮϳ͕ϬϯϭͲϯ͕ϵϰϮͲϮϬ͘ϲϰ͕ϬϱϱϮϭ͘Ϯϯ͕ϴϱϰϭϲ͘ϲ ϰϱƚŽϱϰϭϳ͕ϮϲϮϮϯ͕Ϯϱϯϭϴ͕ϴϭϯϭϵ͕ϴϵϱϮϮ͕ϰϵϰϱ͕ϵϵϭϮϱ͘ϴͲϰ͕ϰϰϬͲϭϵ͘ϭϯ͕ϲϴϭϭϵ͘ϲ ϱϱƚŽϲϰϭϬ͕ϴϬϳϭϲ͕ϳϳϳϮϭ͕ϵϯϬϮϬ͕ϯϭϱϭϵ͕ϮϲϬϱ͕ϵϳϬϯϱ͘ϲϱ͕ϭϱϯϯϬ͘ϳͲϮ͕ϲϳϬͲϭϮ͘Ϯ ϲϱƚŽϳϰϳ͕ϭϳϳϭϬ͕ϭϭϯϭϱ͕Ϭϳϰϭϲ͕ϴϰϮϭϴ͕ϳϳϬϮ͕ϵϯϲϮϵ͘Ϭϰ͕ϵϲϭϰϵ͘ϭϯ͕ϲϵϲϮϰ͘ϱ ϳϱƚŽϴϰϱ͕ϭϯϵϲ͕ϮϮϮϴ͕ϱϭϬϵ͕ϲϮϰϭϭ͕ϵϵϬϭ͕Ϭϴϯϭϳ͘ϰϮ͕Ϯϴϴϯϲ͘ϴϯ͕ϰϴϬϰϬ͘ϵ ϴϱнϮ͕Ϯϳϯϯ͕ϬϳϬϯ͕ϳϯϵϰ͕Ϭϴϵϰ͕ϴϮϵϳϵϳϮϲ͘ϬϲϲϵϮϭ͘ϴϭ͕ϬϵϬϮϵ͘ϭ dŽƚĂůϭϯϭ͕ϬϰϴϭϱϮ͕ϭϭϲϭϳϭ͕ϱϱϱϭϳϵ͕ϯϱϰϭϴϳ͕ϴϳϳϮϭ͕Ϭϲϴϭϯ͘ϴϭϵ͕ϰϯϵϭϮ͘ϴϭϲ͕ϯϮϮϵ͘ϱ ^ŽƵƌĐĞƐ͗h͘^͘ĞŶƐƵƐƵƌĞĂƵ͖^Z/͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϱϴ WWE/y d>Ͳϯ Zz,Kh^,K>^ K>D^dKhEdzDZ<dZ ϮϬϭϬΘϮϬϮϬ EĂƚŝǀĞ,ĂǁĂŝŝĂŶŽƌ ůĂĐŬŽƌĨƌŝĐĂŶŵĞƌŝĐĂŶ/ŶĚŝĂŶŽƌdǁŽŽƌDŽƌĞ tŚŝƚĞůŽŶĞKƚŚĞƌWĂĐŝĨŝĐƐŝĂŶůŽŶĞ^ŽŵĞKƚŚĞƌZĂĐĞ ŵĞƌŝĐĂŶůŽŶĞůĂƐŬĂEĂƚŝǀĞůŽŶĞZĂĐĞƐůŽŶĞ /ƐůĂŶĚĞƌůŽŶĞ EƵŵďĞƌϮϬϭϬϮϬϮϬϮϬϭϬϮϬϮϬϮϬϭϬϮϬϮϬϮϬϭϬϮϬϮϬϮϬϭϬϮϬϮϬϮϬϭϬϮϬϮϬϮϬϭϬϮϬϮϬ ǇƌŽŶϲ͕ϴϮϱϳ͕ϴϵϳϯϵϱϲϰϵϭϭϱϱϴϭϮϯϮϳϳϳϴϮϯϱϲ ŚĂƚĨŝĞůĚϯ͕ϲϰϱϯ͕ϲϳϮϯϮϱϵϰϬϭϭϭϭϴϭϲϮϭϰϭϭϰϴ ĂƐƚϳ͕ϴϮϭϳ͕ϲϱϱϮϳϱϲϭϲϴϬϬϭϮϮϭϭϱϭϰϯϮϴϵϵϵϰϬϯ EŽƌƚŚϴ͕Ϭϴϳϴ͕ϴϯϱϰϲϭϭϮϭϭϮϮϭϭϭϭϬϳϭϮϱϰϬϭϮϬϭϬϵϰϳϮ ZŽĐŚĞƐƚĞƌϴϳ͕ϱϬϬϴϴ͕ϴϵϮϲ͕ϳϬϯϭϬ͕ϳϵϰϯϬϯϱϯϬϯϵϳϬϳ͕Ϯϰϲϵ͕ϱϰϯϮ͕ϭϴϴϯ͕ϱϱϳϮ͕ϳϵϬϴ͕ϬϬϵ ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞϵ͕Ϭϭϵϵ͕ϭϯϬϱϳϵϯϭϭϮϴϲϲϯϰϭϰϰϳϱϬϭϯϯϭϬϴϲϭϯ ^ƚĞǁĂƌƚǀŝůůĞϴ͕ϭϱϯϴ͕ϰϮϯϰϲϵϭϭϳϯϭϬϭϯϴϰϵϮϱϵϭϲϲϯϵϵ DϮ͕ϰϭϱϮ͕ϯϮϯϮϬϳϮϵϬϮϬϮϱϬϱϮϲϳϱϭϰϰϴϭϬϲϵϮϮϬϴ KůŵƐƚĞĚŽƵŶƚǇ ϭϮϯ͕ϲϬϱϭϮϲ͕ϳϲϰϲ͕ϴϳϬϭϭ͕ϭϭϯϯϱϯϲϭϯϲϱϴϯϳ͕ϴϬϲϭϬ͕ϮϳϴϮ͕ϯϲϴϰ͕Ϭϯϲϯ͕ϭϴϭϵ͕ϵϲϬ KůŵƐƚĞĚDĂƌŬĞƚƌĞĂϭϯϭ͕ϬϱϬϭϯϰ͕ϱϬϰϲ͕ϵϮϭϭϭ͕ϮϮϳϯϳϭϲϯϮϲϳϴϰϳ͕ϵϮϯϭϬ͕ϰϮϬϮ͕ϰϴϵϰ͕Ϯϴϴϯ͕ϮϵϱϭϬ͕ϰϬϬ WĞƌĐĞŶƚŽĨdŽƚĂů ǇƌŽŶϵϲ͘ϵйϵϮ͘ϳйϬ͘ϲйϬ͘ϳйϬ͘ϭйϬ͘ϭйϬ͘ϮйϬ͘ϭйϬ͘ϴйϭ͘ϰйϬ͘ϰйϬ͘ϵйϭ͘Ϯйϰ͘Ϯй ŚĂƚĨŝĞůĚϱϭ͘ϳйϰϯ͘ϭйϬ͘ϬйϬ͘ϯйϬ͘ϭйϬ͘ϬйϬ͘ϬйϬ͘ϬйϬ͘ϮйϬ͘ϮйϬ͘ϮйϬ͘ϮйϬ͘ϲйϭ͘ϳй ĂƐƚϵϱ͘ϭйϴϵ͘ϴйϬ͘ϯйϬ͘ϳйϬ͘ϮйϬ͘ϭйϬ͘ϬйϬ͘Ϭйϭ͘ϱйϭ͘ϯйϭ͘ϳйϯ͘ϰйϭ͘Ϯйϰ͘ϳй EŽƌƚŚϵϲ͘ϭйϵϭ͘ϮйϬ͘ϱйϭ͘ϮйϬ͘ϭйϬ͘ϮйϬ͘ϭйϬ͘Ϭйϭ͘ϯйϭ͘ϯйϬ͘ϱйϭ͘Ϯйϭ͘ϯйϰ͘ϵй ZŽĐŚĞƐƚĞƌϴϮ͘Ϭйϳϯ͘Ϯйϲ͘ϯйϴ͘ϵйϬ͘ϯйϬ͘ϰйϬ͘ϬйϬ͘ϭйϲ͘ϴйϳ͘ϵйϮ͘ϬйϮ͘ϵйϮ͘ϲйϲ͘ϲй ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞϵϰ͘Ϭйϴϳ͘ϰйϬ͘ϲйϬ͘ϵйϬ͘ϭйϬ͘ϯйϬ͘ϭйϬ͘ϭйϯ͘ϲйϰ͘ϯйϬ͘ϱйϭ͘ϯйϭ͘ϭйϱ͘ϵй ^ƚĞǁĂƌƚǀŝůůĞϵϳ͘ϳйϵϮ͘ϳйϬ͘ϲйϭ͘ϬйϬ͘ϮйϬ͘ϯйϬ͘ϬйϬ͘ϬйϬ͘ϱйϬ͘ϱйϬ͘ϯйϭ͘ϬйϬ͘ϴйϰ͘ϰй D KůŵƐƚĞĚŽƵŶƚǇϴϱ͘ϳйϳϳ͘ϴйϰ͘ϴйϲ͘ϴйϬ͘ϮйϬ͘ϰйϬ͘ϬйϬ͘ϭйϱ͘ϰйϲ͘ϯйϭ͘ϲйϮ͘ϱйϮ͘Ϯйϲ͘ϭй KůŵƐƚĞĚDĂƌŬĞƚƌĞĂϴϲ͘Ϯйϳϴ͘ϰйϰ͘ϱйϲ͘ϱйϬ͘ϮйϬ͘ϰйϬ͘ϬйϬ͘Ϭйϱ͘Ϯйϲ͘ϭйϭ͘ϲйϮ͘ϱйϮ͘Ϯйϲ͘ϭй ^ŽƵƌĐĞƐ͗h͘^͘ĞŶƐƵƐƵƌĞĂƵ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϱϵ WWE/y d>Ͳϰ ,Kh^,K>/EKDz'K&,Kh^,K>Z K>D^dKhEdzDZ<dZ ϮϬϮϱΘϮϬϯϬ ŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ϮϬϮϱ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϰ͕ϬϴϲϰϬϬϲϲϴϰϯϮϯϰϰϲϮϭϲϭϰϭ͕ϬϬϴ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϰ͕ϬϰϵϯϮϱϲϯϱϯϱϬϮϳϰϱϯϯϳϱϭϭ͕ϭϴϮ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϯ͕ϱϯϯϯϭϵϳϰϱϰϭϴϮϴϮϰϮϵϰϲϲϴϳϯ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϱ͕ϳϴϭϰϱϲϭ͕ϭϳϭϳϯϭϱϲϬϳϭϵϵϱϴϭ͕ϭϴϳ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϭϭ͕ϯϳϰϲϲϮϮ͕ϭϲϬϭ͕ϳϮϰϭ͕ϯϲϳϭ͕ϳϯϮϮ͕Ϭϯϭϭ͕ϲϵϴ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϵ͕ϵϱϴϰϲϯϮ͕ϭϬϳϮ͕Ϭϯϰϭ͕ϱϬϵϭ͕ϲϬϳϭ͕ϰϴϰϳϱϰ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϮϯ͕ϰϮϰϱϬϳϰ͕ϰϲϮϱ͕ϳϬϵϰ͕ϲϳϮϰ͕ϬϰϯϮ͕ϲϱϴϭ͕ϯϳϮ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϭϬ͕ϰϲϵϲϴϭ͕ϱϯϱϮ͕ϳϬϵϮ͕ϯϵϵϮ͕ϭϰϵϭ͕ϭϰϱϰϲϰ dŽƚĂůϳϮ͕ϲϳϰϯ͕ϮϬϭϭϯ͕ϰϴϯϭϰ͕ϭϬϳϭϭ͕ϰϬϲϭϭ͕ϴϯϮϭϬ͕ϭϬϳϴ͕ϱϯϴ DĞĚŝĂŶ/ŶĐŽŵĞΨϵϮ͕ϱϭϵΨϱϮ͕ϱϰϮΨϴϵ͕ϰϮϳΨϭϭϱ͕ϮϮϲΨϭϭϴ͕ϴϵϭΨϭϬϯ͕ϳϳϰΨϳϴ͕ϬϮϰΨϱϬ͕ϭϴϭ ϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϯ͕ϵϭϬϯϵϲϱϱϲϰϭϳϯϯϬϰϳϬϱϴϱϭ͕ϭϱϲ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϯ͕ϮϴϱϮϲϳϰϲϮϮϳϰϮϭϴϯϱϮϲϬϲϭ͕ϭϬϲ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϯ͕ϬϲϮϮϳϯϱϳϱϯϲϰϮϯϯϯϬϰϰϭϮϵϬϭ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϰ͕ϵϵϴϯϵϴϵϱϱϲϯϴϰϳϲϰϴϲϴϬϵϭ͕Ϯϯϲ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϭϬ͕ϲϴϱϲϭϱϭ͕ϴϳϭϭ͕ϱϵϰϭ͕Ϯϯϳϭ͕ϯϲϭϭ͕ϵϵϭϮ͕Ϭϭϱ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϭϬ͕ϬϱϲϱϬϮϭ͕ϵϱϯϮ͕ϬϮϭϭ͕ϱϳϭϭ͕ϰϭϯϭ͕ϲϬϵϵϴϳ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϮϳ͕ϳϬϯϲϭϵϰ͕ϵϵϭϲ͕ϰϳϮϱ͕ϲϰϬϰ͕Ϯϵϴϯ͕ϰϲϵϮ͕ϮϭϮ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϭϯ͕ϭϱϳϳϵϮ͕Ϭϱϯϯ͕ϬϰϬϯ͕ϬϳϰϮ͕ϰϭϴϭ͕ϲϲϯϴϮϵ dŽƚĂůϳϲ͕ϴϱϱϯ͕ϭϰϴϭϯ͕ϰϭϳϭϰ͕ϴϭϵϭϮ͕ϳϴϬϭϭ͕ϭϬϮϭϭ͕ϭϰϰϭϬ͕ϰϰϰ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϬϱ͕ϯϬϱΨϱϳ͕ϱϬϱΨϭϬϯ͕ϳϲϴΨϭϮϯ͕ϴϱϭΨϭϯϮ͕ϭϰϵΨϭϭϵ͕ϯϬϲΨϵϭ͕ϲϴϱΨϱϳ͕ϴϲϴ ŚĂŶŐĞϮϬϮϱͲϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬͲϭϳϲͲϱͲϭϭϯͲϭϰͲϭϰͲϭϱϭͲϮϴϭϰϵ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵͲϳϲϱͲϱϵͲϭϳϮͲϳϲͲϱϲͲϭϴϭͲϭϰϱͲϳϲ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵͲϰϳϭͲϰϳͲϭϳϬͲϱϱͲϰϵͲϭϮϰͲϱϰϮϴ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵͲϳϴϯͲϱϴͲϮϭϱͲϵϯͲϴϰͲϮϯϯͲϭϰϵϱϬ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵͲϲϴϵͲϰϳͲϮϴϵͲϭϯϬͲϭϮϵͲϯϳϬͲϰϬϯϭϳ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϵϴϯϵͲϭϱϰͲϭϯϲϭͲϭϵϱϭϮϲϮϯϯ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϰ͕ϮϳϵϭϭϮϱϯϬϳϲϯϵϲϴϮϱϱϴϭϭϴϰϭ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϮ͕ϲϴϴϭϭϱϭϴϯϯϭϲϳϲϮϲϵϱϭϴϯϲϱ dŽƚĂůϰ͕ϭϴϭͲϱϯͲϲϱϳϭϭϭ͕ϯϳϯͲϳϮϵϭ͕Ϭϯϳϭ͕ϵϬϳ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϮ͕ϳϴϲΨϰ͕ϵϲϯΨϭϰ͕ϯϰϭΨϴ͕ϲϮϱΨϭϯ͕ϮϱϴΨϭϱ͕ϱϯϮΨϭϯ͕ϲϲϭΨϳ͕ϲϴϳ ^ŽƵƌĐĞƐ͗^Z/͖h^ĞŶƐƵƐƵƌĞĂƵ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϮϲϬ WWE/y d>Ͳϱ ,Kh^,K>/EKDz'K&,Kh^,K>Z zZKE^hDZ<d ϮϬϮϱΘϮϬϯϬ ŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ϮϬϮϱ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϭϭϯϭϯϮϵϮϬϭϰϲϯ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϭϯϴϭϭϭϭϲϭϭϵϱϰϯϴ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϭϳϰϲϭϯϭϲϭϰϮϱϮϴϳϮ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϭϴϴϭϮϮϳϮϳϭϴϮϴϯϰϰϮ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϯϳϬϭϮϰϭϱϬϱϲϲϵϲϴϳϱ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϰϯϱϭϱϳϱϭϬϱϴϬϴϮϰϯϯϱ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭ͕ϰϭϵϭϱϭϳϱϰϬϴϯϱϲϮϳϮϭϱϬϰϯ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϲϮϬϮϱϯϭϴϬϭϲϰϭϰϱϱϴϭϴ dŽƚĂůϯ͕ϰϱϳϳϰϯϵϳϳϵϱϳϬϴϲϰϵϰϰϴϯϴϲ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϭϲ͕ϴϳϭΨϲϮ͕ϱϱϳΨϭϭϭ͕ϬϮϮΨϭϰϱ͕ϴϵϲΨϭϰϮ͕ϴϯϮΨϭϯϰ͕ϭϴϯΨϴϵ͕ϮϬϬΨϰϭ͕Ϯϰϭ ϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϭϬϳϭϬϮϴϭϱϭϬϳϭ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϭϭϰϴϴϮϵϲϰϰϯϳ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϭϯϵϳϭϬϭϬϵϭϲϮϭϲϱ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϭϳϲϭϬϮϵϮϯϭϳϭϵϮϵϰϵ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϯϲϬϭϱϯϴϰϰϱϬϱϴϳϬϴϲ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϰϬϰϭϳϳϭϴϭϳϳϲϱϰϮϱϭ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭ͕ϲϳϯϮϲϮϯϳϯϳϳϰϭϳϯϭϱϮϮϲϳϲ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϳϵϰϯϴϴϭϳϵϮϭϮϭϲϵϵϵϰϮ dŽƚĂůϯ͕ϳϲϳϴϳϰϴϮϳϭϵϳϵϴϲϲϯϱϰϮϰϳϲ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϯϱ͕ϭϲϰΨϳϴ͕ϬϰϬΨϭϯϱ͕ϰϮϬΨϭϱϯ͕ϱϵϴΨϭϱϰ͕ϯϰϵΨϭϱϱ͕ϳϵϵΨϭϮϱ͕ϱϬϰΨϱϯ͕ϮϲϮ ŚĂŶŐĞϮϬϮϱͲϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬͲϱϬͲϯϬͲϭͲϲͲϰϴ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵͲϮϰͲϯͲϯͲϰͲϮͲϯͲϭϬͲϬ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵͲϯϱϬͲϯͲϲͲϱͲϵͲϲͲϲ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵͲϭϮͲϮϯͲϰͲϭͲϵͲϱϳ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵͲϭϬϯͲϮͲϲͲϲͲϭϭϮϭϭ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵͲϯϭϮͲϰͲϮϰͲϰͲϭϲͲϭϭϱ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϮϱϰϭϭϲϮͲϯϭϲϬϰϯϳϲϯϯ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϭϳϰϭϯϱͲϭϰϴϮϱϰϭϮϰ dŽƚĂůϯϭϬϭϯϴϱͲϳϲϵϬϭϰϵϰϵϬ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϴ͕ϮϵϯΨϭϱ͕ϰϴϯΨϮϰ͕ϯϵϴΨϳ͕ϳϬϮΨϭϭ͕ϱϭϳΨϮϭ͕ϲϭϲΨϯϲ͕ϯϬϰΨϭϮ͕ϬϮϭ ^ŽƵƌĐĞƐ͗^Z/͖h^ĞŶƐƵƐƵƌĞĂƵ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϲϭ WWE/y d>ͲϭϬ ,Kh^,K>/EKDz'K&,Kh^,K>Z EKZd,^hDZ<d ϮϬϮϱΘϮϬϯϬ ŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ϮϬϮϱ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϭϱϲϵϭϲϵϵϮϲϯϱϱϯ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϵϳϰϯϱϰϭϭϮϲϰϰ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϭϯϱϱϭϳϭϯϭϮϮϴϮϰϯϴ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϮϵϬϮϮϰϯϯϰϮϭϰϯϲϮϲϱ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϰϳϭϭϴϱϮϱϱϱϳϳϳϭϬϬϭϭϮ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϰϵϭϭϳϴϰϴϰϴϵϴϰϵϮϰϭ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭ͕ϯϵϰϮϯϭϴϰϯϯϯϯϯϯϮϳϭϭϵϬϲϭ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϳϭϲϱϳϲϭϱϵϭϲϴϭϲϴϵϵϰϭ dŽƚĂůϯ͕ϳϱϭϭϬϮϰϳϱϲϵϮϲϵϯϳϬϳϲϮϲϰϱϲ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϭϬ͕ϵϳϴΨϲϯ͕ϳϰϲΨϭϬϲ͕ϳϱϰΨϭϯϳ͕ϱϰϳΨϭϰϬ͕ϯϰϱΨϭϮϰ͕ϬϮϮΨϵϭ͕ϴϬϴΨϱϰ͕Ϯϭϱ ϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϭϯϴϴϭϰϵϳϭϱϮϴϱϴ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϳϯϰϯϯϯϲϭϱϯϵ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϭϭϯϰϭϱϵϳϭϴϮϭϰϬ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϮϯϴϭϴϯϴϮϲϭϯϮϲϰϳϳϭ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϰϭϴϭϰϰϴϰϭϰϳϱϯϵϮϭϮϰ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϰϲϲϭϵϴϭϳϭϴϰϲϱϵϯϱϱ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭ͕ϱϵϵϯϭϮϰϭϯϭϰϯϵϰϮϲϵϮϰϰϭϬϳ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϴϵϯϱϭϮϬϭϱϰϮϭϬϭϳϱϭϱϱϳϯ dŽƚĂůϯ͕ϵϯϴϭϬϯϱϱϵϲϮϲϳϲϱϲϮϲϲϵϰϱϲϱ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϮϳ͕ϭϰϬΨϳϴ͕ϰϮϯΨϭϮϳ͕ϮϲϳΨϭϰϱ͕ϳϰϳΨϭϱϱ͕ϬϯϱΨϭϰϴ͕ϭϮϰΨϭϭϯ͕ϲϰϯΨϲϮ͕ϲϰϯ ŚĂŶŐĞϮϬϮϱͲϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬͲϭϴͲϭͲϮϬͲϮͲϭϭͲϳϰ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵͲϮϰϬϬͲϮͲϭͲϱͲϭϭͲϲ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵͲϮϮͲϭͲϮͲϰͲϱͲϭϬͲϯϮ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵͲϱϯͲϰͲϲͲϴͲϴͲϭϴͲϭϱϱ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵͲϱϯͲϰͲϱͲϭϱͲϭϭͲϮϰͲϴϭϯ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵͲϮϱϮͲϯͲϭϯͲϱͲϭϵϭϭϯ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϮϬϱϴϱϳͲϭϵϲϭͲϮϱϰϰϱ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϭϳϳϬϰϰͲϱϰϮϳϱϳϯϭ dŽƚĂůϭϴϳϭϴϰͲϲϱϳϮͲϴϭϲϴϭϬϵ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϲ͕ϭϲϮΨϭϰ͕ϲϳϳΨϮϬ͕ϱϭϯΨϴ͕ϮϬϬΨϭϰ͕ϲϵϬΨϮϰ͕ϭϬϮΨϮϭ͕ϴϯϱΨϴ͕ϰϮϴ ^ŽƵƌĐĞƐ͗^Z/͖h^ĞŶƐƵƐƵƌĞĂƵ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϮϲϮ WWE/y d>Ͳϲ ,Kh^,K>/EKDz'K&,Kh^,K>Z ,d&/>^hDZ<d ϮϬϮϱΘϮϬϯϬ ŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ϮϬϮϱ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϳϮϰϲϱϰϵϭϭϯϯ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϳϲϰϲϯϯϭϬϭϯϯϲ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϴϰϳϭϯϲϵϭϬϴϯϬ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϭϴϯϭϬϮϯϮϭϭϰϯϲϰϬϯϴ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϭϳϵϭϬϮϳϮϮϮϭϯϬϯϵϯϬ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϮϴϴϭϱϯϵϰϰϰϯϲϯϱϱϮϵ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϱϲϲϭϭϴϮϭϰϭϭϮϴϭϭϱϱϴϯϮ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϭϴϯϮϮϮϯϱϱϯϰϮϭϬϭϴ dŽƚĂůϭ͕ϲϯϬϲϰϮϭϴϮϳϴϮϳϲϯϭϱϮϯϱϮϰϰ DĞĚŝĂŶ/ŶĐŽŵĞΨϵϮ͕ϴϭϴΨϲϰ͕ϭϰϮΨϵϱ͕ϳϰϲΨϭϭϯ͕ϵϲϬΨϭϮϭ͕ϮϭϬΨϵϵ͕ϳϮϱΨϳϲ͕ϴϴϬΨϰϯ͕ϯϰϲ ϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϲϲϱϰϯϲϰϵϯϰ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϲϬϮϰϯϭϳϴϯϰ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϲϱϯϭϬϱϰϱϴϮϴ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϭϰϵϴϮϯϭϱϵϮϭϯϳϯϲ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϭϲϴϴϮϱϭϳϭϰϮϯϯϳϰϰ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϮϴϬϭϯϯϴϰϰϰϭϱϭϱϴϯϲ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϲϱϱϭϯϭϬϬϭϲϱϭϯϭϭϭϴϵϭϯϴ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϮϯϴϮϯϰϰϲϲϯϰϲϭϴϮϵ dŽƚĂůϭ͕ϲϴϭϱϱϮϯϴϮϵϴϮϳϬϮϳϳϮϲϲϮϳϴ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϬϯ͕ϴϴϴΨϳϱ͕ϬϬϬΨϭϬϲ͕ϳϭϲΨϭϮϯ͕ϬϴϰΨϭϯϮ͕ϴϳϯΨϭϭϭ͕ϮϭϮΨϴϳ͕ϯϯϳΨϱϯ͕ϮϯϬ ŚĂŶŐĞϮϬϮϱͲϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬͲϲϭͲϮͲϮϮͲϱͲϮϭ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵͲϭϲͲϮͲϮϬͲϮͲϯͲϱͲϮ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵͲϭϵͲϰͲϯͲϭͲϱͲϱϬͲϭ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵͲϯϰͲϮͲϬͲϳͲϱͲϭϱͲϯͲϮ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵͲϭϭͲϮͲϭͲϲͲϴͲϳͲϮϭϰ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵͲϴͲϯͲϭϬͲϮͲϭϮϯϳ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϴϵϭϭϴϮϰϯϯϯϯϲ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϱϱϬϭϭϭϭϭϬϰϴϭϭ dŽƚĂůϱϭͲϭϬϮϬϮϬͲϲͲϯϵϯϮϯϰ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϭ͕ϬϳϬΨϭϬ͕ϴϱϴΨϭϬ͕ϵϳϬΨϵ͕ϭϮϰΨϭϭ͕ϲϲϯΨϭϭ͕ϰϴϳΨϭϬ͕ϰϱϳΨϵ͕ϴϴϰ ^ŽƵƌĐĞƐ͗^Z/͖h^ĞŶƐƵƐƵƌĞĂƵ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϲϯ WWE/y d>Ͳϳ ,Kh^,K>/EKDz'K&,Kh^,K>Z ^d^hDZ<d ϮϬϮϱΘϮϬϯϬ ŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ϮϬϮϱ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϭϴϴϴϮϲϭϰϭϲϯϱϯϲϱϯ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϭϭϵϯϭϬϲϵϭϴϮϲϰϲ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϭϱϳϲϮϯϭϲϭϬϮϭϮϲϱϰ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϮϬϭϭϲϮϴϭϲϮϮϮϴϯϵϱϭ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϱϲϴϮϬϴϬϳϱϴϰϭϭϭϭϮϬϳϳ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϰϵϲϭϳϳϱϵϰϭϬϮϵϰϳϭϰϮ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭ͕ϮϮϲϮϰϭϵϬϮϳϵϯϮϵϮϭϵϭϮϰϲϬ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϰϭϭϯϲϱϭϬϵϴϮϳϯϲϱϭϰ dŽƚĂůϯ͕ϯϲϲϵϵϰϵϵϲϭϬϲϱϱϲϬϬϱϬϳϯϵϲ DĞĚŝĂŶ/ŶĐŽŵĞΨϵϳ͕ϬϰϵΨϲϳ͕ϰϵϵΨϭϬϭ͕ϮϲϳΨϭϭϳ͕ϬϲϱΨϭϭϮ͕ϲϵϱΨϵϳ͕ϯϵϮΨϳϲ͕ϳϱϳΨϰϴ͕Ϭϱϲ ϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϭϲϯϲϮϰϵϭϬϮϱϮϳϲϭ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϴϯϯϲϯϰϭϬϭϳϰϬ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϭϮϮϴϭϰϭϬϱϭϰϮϯϰϴ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϭϲϮϭϱϮϭϭϬϭϳϮϭϮϴϱϬ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϰϴϭϭϲϲϵϱϳϲϯϴϯϭϭϰϳϵ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϰϵϭϭϳϴϬϳϳϵϭϵϬϴϯϱϯ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭ͕ϰϴϴϮϯϮϰϲϯϬϭϯϵϬϮϲϲϭϱϴϭϬϰ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϱϯϱϰϴϴϭϮϯϭϭϬϵϰϴϵϮϴ dŽƚĂůϯ͕ϱϮϲϵϮϱϰϴϱϵϮϲϵϬϲϬϯϱϯϴϰϲϯ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϬϵ͕ϲϱϳΨϳϬ͕ϱϬϴΨϭϭϯ͕ϵϰϵΨϭϯϯ͕ϰϭϲΨϭϮϲ͕ϯϵϵΨϭϭϭ͕ϬϲϮΨϵϭ͕ϱϵϭΨϱϴ͕Ϯϵϵ ŚĂŶŐĞϮϬϮϱͲϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬͲϮϱͲϮͲϮͲϱͲϲͲϵͲϴϴ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵͲϯϱϬͲϰͲϯͲϱͲϴͲϭϬͲϲ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵͲϯϱϮͲϭϬͲϲͲϱͲϴͲϯͲϲ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵͲϯϵͲϮͲϴͲϲͲϲͲϴͲϭϬͲϭ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵͲϴϳͲϱͲϭϭͲϭϴͲϮϮͲϮϳͲϲϮ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵͲϰͲϭϱͲϭϳͲϭϭͲϱϭϮϭϮ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϮϲϮͲϭϱϲϮϭϲϭϰϳϯϰϰϰ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϭϮϰϭϮϯϭϰϮϳϮϭϮϰϭϰ dŽƚĂůϭϲϬͲϳϰϵͲϭϵϯϱϯϯϮϲϳ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϮ͕ϲϬϴΨϯ͕ϬϬϵΨϭϮ͕ϲϴϮΨϭϲ͕ϯϱϭΨϭϯ͕ϳϬϰΨϭϯ͕ϲϳϬΨϭϰ͕ϴϯϰΨϭϬ͕Ϯϰϯ ^ŽƵƌĐĞƐ͗^Z/͖h^ĞŶƐƵƐƵƌĞĂƵ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϲϰ WWE/y d>Ͳϴ ,Kh^,K>/EKDz'K&,Kh^,K>Z EKZd,^hDZ<d ϮϬϮϱΘϮϬϯϬ ŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ϮϬϮϱ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϭϱϲϵϭϲϵϵϮϲϯϱϱϯ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϵϳϰϯϱϰϭϭϮϲϰϰ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϭϯϱϱϭϳϭϯϭϮϮϴϮϰϯϴ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϮϵϬϮϮϰϯϯϰϮϭϰϯϲϮϲϱ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϰϳϭϭϴϱϮϱϱϱϳϳϳϭϬϬϭϭϮ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϰϵϭϭϳϴϰϴϰϴϵϴϰϵϮϰϭ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭ͕ϯϵϰϮϯϭϴϰϯϯϯϯϯϯϮϳϭϭϵϬϲϭ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϳϭϲϱϳϲϭϱϵϭϲϴϭϲϴϵϵϰϭ dŽƚĂůϯ͕ϳϱϭϭϬϮϰϳϱϲϵϮϲϵϯϳϬϳϲϮϲϰϱϲ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϭϬ͕ϵϳϴΨϲϯ͕ϳϰϲΨϭϬϲ͕ϳϱϰΨϭϯϳ͕ϱϰϳΨϭϰϬ͕ϯϰϱΨϭϮϰ͕ϬϮϮΨϵϭ͕ϴϬϴΨϱϰ͕Ϯϭϱ ϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϭϯϴϴϭϰϵϳϭϱϮϴϱϴ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϳϯϰϯϯϯϲϭϱϯϵ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϭϭϯϰϭϱϵϳϭϴϮϭϰϬ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϮϯϴϭϴϯϴϮϲϭϯϮϲϰϳϳϭ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϰϭϴϭϰϰϴϰϭϰϳϱϯϵϮϭϮϰ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϰϲϲϭϵϴϭϳϭϴϰϲϱϵϯϱϱ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭ͕ϱϵϵϯϭϮϰϭϯϭϰϯϵϰϮϲϵϮϰϰϭϬϳ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϴϵϯϱϭϮϬϭϱϰϮϭϬϭϳϱϭϱϱϳϯ dŽƚĂůϯ͕ϵϯϴϭϬϯϱϱϵϲϮϲϳϲϱϲϮϲϲϵϰϱϲϱ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϮϳ͕ϭϰϬΨϳϴ͕ϰϮϯΨϭϮϳ͕ϮϲϳΨϭϰϱ͕ϳϰϳΨϭϱϱ͕ϬϯϱΨϭϰϴ͕ϭϮϰΨϭϭϯ͕ϲϰϯΨϲϮ͕ϲϰϯ ŚĂŶŐĞϮϬϮϱͲϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬͲϭϴͲϭͲϮϬͲϮͲϭϭͲϳϰ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵͲϮϰϬϬͲϮͲϭͲϱͲϭϭͲϲ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵͲϮϮͲϭͲϮͲϰͲϱͲϭϬͲϯϮ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵͲϱϯͲϰͲϲͲϴͲϴͲϭϴͲϭϱϱ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵͲϱϯͲϰͲϱͲϭϱͲϭϭͲϮϰͲϴϭϯ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵͲϮϱϮͲϯͲϭϯͲϱͲϭϵϭϭϯ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϮϬϱϴϱϳͲϭϵϲϭͲϮϱϰϰϱ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϭϳϳϬϰϰͲϱϰϮϳϱϳϯϭ dŽƚĂůϭϴϳϭϴϰͲϲϱϳϮͲϴϭϲϴϭϬϵ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϲ͕ϭϲϮΨϭϰ͕ϲϳϳΨϮϬ͕ϱϭϯΨϴ͕ϮϬϬΨϭϰ͕ϲϵϬΨϮϰ͕ϭϬϮΨϮϭ͕ϴϯϱΨϴ͕ϰϮϴ ^ŽƵƌĐĞƐ͗^Z/͖h^ĞŶƐƵƐƵƌĞĂƵ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϲϱ WWE/y d>Ͳϵ ,Kh^,K>/EKDz'K&,Kh^,K>Z ZK,^dZ^hDZ<d ϮϬϮϱΘϮϬϯϬ ŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ϮϬϮϱ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϯ͕ϮϱϲϯϳϮϱϳϵϯϲϵϮϳϱϰϳϴϰϲϰϳϮϭ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϯ͕ϮϵϭϮϵϳϱϴϴϯϭϲϮϮϴϰϯϰϱϱϰϴϳϰ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϮ͕ϲϭϬϮϳϲϲϭϲϯϯϬϮϭϮϮϴϴϯϭϮϱϳϲ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϰ͕ϯϴϱϯϲϳϵϲϱϱϲϴϰϯϮϰϵϯϲϵϵϴϲϯ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϴ͕ϳϭϯϱϲϬϭ͕ϴϭϳϭ͕ϯϳϰϭ͕ϬϮϰϭ͕ϮϳϬϭ͕ϰϱϳϭ͕ϮϭϮ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϳ͕Ϯϴϰϯϲϱϭ͕ϲϳϯϭ͕ϱϯϴϭ͕ϬϯϬϭ͕Ϭϵϴϭ͕Ϭϰϱϱϯϰ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭϲ͕ϮϭϮϯϳϴϯ͕ϰϭϳϯ͕ϵϭϵϯ͕ϬϬϰϮ͕ϲϱϲϭ͕ϴϬϰϭ͕Ϭϯϱ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϳ͕Ϭϵϵϰϳϭ͕ϭϰϵϭ͕ϴϵϯϭ͕ϱϵϰϭ͕ϯϳϭϳϯϰϯϭϭ dŽƚĂůϱϮ͕ϴϱϬϮ͕ϲϲϬϭϬ͕ϴϬϰϭϬ͕ϯϬϲϳ͕ϳϵϵϴ͕Ϭϴϳϳ͕ϬϳϬϲ͕ϭϮϱ DĞĚŝĂŶ/ŶĐŽŵĞΨϴϳ͕ϱϳϲΨϱϬ͕ϱϰϱΨϴϱ͕ϲϱϰΨϭϬϵ͕ϵϬϮΨϭϭϯ͕ϴϯϭΨϵϵ͕ϱϬϴΨϳϱ͕ϴϱϳΨϱϬ͕ϯϵϲ ϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϯ͕ϭϳϰϯϲϯϰϴϰϯϳϮϮϳϯϯϴϬϰϲϱϴϯϳ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϮ͕ϳϯϲϮϰϲϰϮϵϮϱϰϭϵϭϯϬϭϰϲϵϴϰϲ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϮ͕ϯϮϳϮϯϭϰϳϵϯϬϱϭϵϬϮϮϯϮϴϳϲϭϭ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϯ͕ϴϴϮϯϮϱϳϵϬϱϮϮϯϴϱϯϱϬϱϵϲϵϭϯ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϴ͕ϯϭϲϱϮϬϭ͕ϱϴϯϭ͕ϯϮϱϵϱϳϭ͕ϬϮϯϭ͕ϰϱϭϭ͕ϰϱϳ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϳ͕ϱϬϰϯϵϳϭ͕ϱϱϰϭ͕ϱϵϵϭ͕ϭϭϲϵϵϳϭ͕ϭϰϳϲϵϯ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭϵ͕Ϯϭϰϰϱϰϯ͕ϳϭϭϰ͕ϲϯϭϯ͕ϲϱϴϮ͕ϴϭϴϮ͕Ϯϵϳϭ͕ϲϰϲ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϴ͕ϴϰϲϰϵϭ͕ϰϲϵϮ͕ϭϮϲϮ͕Ϭϲϴϭ͕ϱϰϲϭ͕Ϭϱϯϱϯϱ dŽƚĂůϱϲ͕ϬϬϬϮ͕ϱϴϱϭϬ͕ϱϬϬϭϭ͕ϭϯϰϴ͕ϴϰϬϳ͕ϲϯϴϳ͕ϳϲϯϳ͕ϱϯϵ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϬϬ͕ϭϳϳΨϱϰ͕ϯϲϬΨϵϴ͕ϱϯϲΨϭϭϳ͕ϮϯϱΨϭϮϱ͕ϯϴϮΨϭϭϮ͕ϳϴϭΨϴϲ͕ϱϳϳΨϱϳ͕ϯϳϱ ŚĂŶŐĞϮϬϮϱͲϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬͲϴϮͲϴͲϵϰϯͲϭͲϵϴϭϭϭϱ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵͲϱϱϲͲϱϭͲϭϱϵͲϲϮͲϯϳͲϭϯϯͲϴϲͲϮϴ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵͲϮϴϮͲϰϰͲϭϯϳͲϮϱͲϮϮͲϲϱͲϮϱϯϲ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵͲϱϬϰͲϰϮͲϭϳϰͲϰϱͲϰϳͲϭϰϯͲϭϬϯϱϭ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵͲϯϵϳͲϯϵͲϮϯϰͲϰϵͲϲϳͲϮϰϳͲϳϮϰϱ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϮϮϬϯϯͲϭϭϵϲϭϴϲͲϭϬϭϭϬϭϭϱϵ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϯ͕ϬϬϯϳϲϮϵϰϳϭϮϲϱϱϭϲϮϰϵϯϲϭϭ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϭ͕ϳϰϳϮϯϮϬϮϯϯϰϳϱϭϳϲϯϭϴϮϮϰ dŽƚĂůϯ͕ϭϱϬͲϳϱͲϯϬϯϴϮϴϭ͕ϬϰϭͲϰϰϴϲϵϯϭ͕ϰϭϰ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϮ͕ϲϬϭΨϯ͕ϴϭϱΨϭϮ͕ϴϴϮΨϳ͕ϯϯϯΨϭϭ͕ϱϱϭΨϭϯ͕ϮϳϯΨϭϬ͕ϳϮϬΨϲ͕ϵϳϵ ^ŽƵƌĐĞƐ͗^Z/͖h^ĞŶƐƵƐƵƌĞĂƵ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϲϲ WWE/y d>ͲϭϬ ,Kh^,K>/EKDz'K&,Kh^,K>Z ZK,^dZ&Z/E'^hDZ<d ϮϬϮϱΘϮϬϯϬ ŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ϮϬϮϱ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϭϮϴϯϭϳϭϰϭϯϮϰϯϰϮϰ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϭϬϳϰϴϰϵϮϯϮϯϯϳ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϭϮϳϱϭϵϭϬϭϭϮϰϯϬϮϵ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϭϵϮϭϮϮϳϮϮϮϭϮϵϯϯϰϵ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϱϵϱϮϲϳϱϳϯϲϮϴϴϭϱϰϭϭϳ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϰϮϮϭϯϲϭϲϲϲϯϳϱϵϵϰϲ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭ͕ϮϲϱϯϰϮϮϯϮϰϳϮϮϬϮϰϮϮϭϬϴϵ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϭ͕ϭϮϰϲϭϮϳϮϯϱϮϳϵϮϳϲϭϰϴϱϯ dŽƚĂůϯ͕ϵϲϭϭϬϮϱϱϳϲϳϬϲϳϲϳϴϮϳϯϬϰϰϯ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϮϰ͕ϲϬϴΨϳϳ͕ϮϯϰΨϭϮϮ͕ϵϵϱΨϭϱϯ͕ϳϴϯΨϭϳϭ͕ϬϯϭΨϭϱϮ͕ϱϮϭΨϵϳ͕ϲϬϵΨϲϱ͕ϯϭϱ ϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϭϬϵϳϭϯϵϭϭϭϮϮϲϯϯ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϲϮϬϰϮϱϴϭϱϮϴ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϭϬϬϵϭϲϳϳϴϭϵϯϰ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϭϮϳϵϭϰϭϮϭϭϭϰϮϴϰϬ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϱϬϵϮϲϱϮϱϱϱϲϱϰϭϯϳϭϮϵ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϯϴϲϭϳϰϮϱϲϲϰϰϳϵϵϲϭ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭ͕ϰϱϵϰϮϮϰϬϮϲϬϮϲϯϮϯϭϮϳϭϭϱϰ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϭ͕ϯϵϱϭϮϭϴϵϮϴϲϯϭϴϮϵϱϭϵϱϭϬϬ dŽƚĂůϰ͕ϭϰϲϭϮϭϱϳϬϲϴϲϳϯϯϲϲϴϳϵϬϱϳϴ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϱϭ͕ϴϲϳΨϴϳ͕ϴϭϵΨϭϱϱ͕ϬϭϵΨϭϳϰ͕ϳϰϭΨϭϳϴ͕ϮϰϮΨϭϳϵ͕ϳϳϳΨϭϭϳ͕ϵϰϴΨϴϰ͕ϮϬϵ ŚĂŶŐĞϮϬϮϱͲϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬͲϭϵϰͲϰͲϱͲϮͲϭϮͲϴϵ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵͲϰϱͲϰͲϰͲϮͲϰͲϭϱͲϳͲϵ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵͲϮϴϰͲϮͲϯͲϰͲϭϲͲϭϬϱ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵͲϲϱͲϯͲϭϮͲϭϬͲϭϬͲϭϱͲϱͲϵ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵͲϴϲϬͲϮϯͲϭϳͲϲͲϯϰͲϭϳϭϭ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵͲϯϳϰͲϭϵͲϭϬϭͲϮϴͲϭϭϱ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭϵϰϴϭϲϭϯϰϯͲϭϭϲϭϲϰ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϮϳϭϲϲϮϱϭϯϵϭϵϰϳϰϴ dŽƚĂůϭϴϱϭϴϭϯϭϲϱϳͲϭϭϰϲϬϭϯϱ DĞĚŝĂŶ/ŶĐŽŵĞΨϮϳ͕ϮϱϵΨϭϬ͕ϱϴϱΨϯϮ͕ϬϮϰΨϮϬ͕ϵϱϴΨϳ͕ϮϭϭΨϮϳ͕ϮϱϲΨϮϬ͕ϯϯϵΨϭϴ͕ϴϵϰ ^ŽƵƌĐĞƐ͗^Z/͖h^ĞŶƐƵƐƵƌĞĂƵ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϲϳ WWE/y d>Ͳϭϭ ,Kh^,K>/EKDz'K&,Kh^,K>Z ^dtZds/>>^hDZ<d ϮϬϮϱΘϮϬϯϬ ŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ϮϬϮϱ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϭϳϭϯϮϬϭϴϭϴϮϵϮϬϲϮ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϮϮϮϯϵϵϭϬϮϳϱϲϭϬϳ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϮϰϴϭϰϰϯϮϳϭϰϯϯϯϴϳϴ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϯϯϵϭϳϱϲϰϯϯϭϲϭϱϭϳϵ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϰϳϮϭϲϲϲϳϰϲϮϴϳϵϭϳϰ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϱϰϯϮϭϵϵϭϬϰϭϬϯϭϭϭϳϲϮϳ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭ͕ϯϱϱϮϮϭϵϭϯϵϬϯϭϬϮϳϬϭϮϮϱϬ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϯϭϬϮϰϭϵϵϱϴϳϯϮϵϳ dŽƚĂůϯ͕ϲϱϵϵϴϱϮϲϳϲϲϲϬϳϲϵϮϰϴϱϰϴϲ DĞĚŝĂŶ/ŶĐŽŵĞΨϵϬ͕ϴϲϰΨϲϲ͕ϵϱϯΨϵϬ͕ϯϰϮΨϭϭϴ͕ϲϮϰΨϭϭϭ͕ϴϮϮΨϵϵ͕ϭϭϬΨϲϵ͕ϲϭϳΨϯϰ͕ϭϰϲ ϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϭϱϭϰϭϱϭϮϭϰϭϵϭϴϲϴ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϭϲϭϰϴϲϱϭϯϰϬϴϰ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϮϬϬϭϬϯϬϭϳϭϬϮϭϯϯϳϴ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϮϲϳϭϯϰϬϯϭϮϱϯϲϰϰϳϵ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϰϮϰϭϱϱϰϱϰϱϭϲϵϴϳϵϯ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϱϮϵϮϯϴϵϵϰϭϬϬϵϵϴϱϯϵ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭ͕ϲϰϲϯϭϮϭϵϰϯϳϰϬϮϮϵϮϭϴϮϴϯ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϰϮϬϯϱϴϭϮϬϴϴϴϲϰϳϭϳ dŽƚĂůϯ͕ϳϵϳϭϬϯϱϭϰϳϳϮϲϵϲϲϯϲϱϯϲϱϰϬ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϬϱ͕ϳϭϴΨϳϴ͕ϲϵϯΨϭϬϰ͕ϳϲϲΨϭϯϯ͕ϰϲϭΨϭϮϳ͕ϲϯϰΨϭϭϭ͕ϯϬϴΨϴϲ͕ϲϳϰΨϰϭ͕ϱϴϬ ŚĂŶŐĞϮϬϮϱͲϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬͲϭϵϭͲϱͲϲͲϰͲϭϬͲϮϱ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵͲϲϭϭͲϭͲϯͲϱͲϭϰͲϭϲͲϮϯ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵͲϰϴͲϰͲϭϯͲϭϬͲϰͲϭϮͲϱͲϬ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵͲϳϮͲϰͲϭϲͲϭϮͲϳͲϮϱͲϳͲϬ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵͲϰϴͲϭͲϭϮͲϮϬͲϭϭͲϭϵͲϰϭϵ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵͲϭϰϭͲϭϬͲϭϬͲϯͲϭϮϵϭϮ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϮϵϬϵϮϴϰϳϵϮϮϮϲϬϯϯ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϭϭϬϭϭϳϮϬϯϬϭϯϭϴϭϬ dŽƚĂůϭϯϴϱͲϭϮϲϴϵͲϱϳϱϮϱϱ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϰ͕ϴϱϰΨϭϭ͕ϳϰϬΨϭϰ͕ϰϮϰΨϭϰ͕ϴϯϳΨϭϱ͕ϴϭϮΨϭϮ͕ϭϵϴΨϭϳ͕ϬϱϳΨϳ͕ϰϯϰ ^ŽƵƌĐĞƐ͗^Z/͖h^ĞŶƐƵƐƵƌĞĂƵ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϲϴ WWE/y d>ͲϭϮ ,Kh^,K>/EKDz'K&,Kh^,K>Z DZ ϮϬϮϱΘϮϬϯϬ ŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ dŽƚĂůфϮϱϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱн ϮϬϮϱ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϴϰϬϴϯϭϮϯϱϲϲϭϭϮϲϭϱϭϮϯϵ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϳϰϭϴϰϭϯϵϲϭϰϲϭϬϮϭϮϱϭϴϰ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϰϬϲϱϲϭϮϱϰϬϯϳϰϬϰϰϲϯ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϰϴϬϲϯϭϱϯϱϯϱϭϰϵϱϯϱϴ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϲϭϳϲϱϭϵϭϴϯϲϬϱϴϳϬϵϬ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϰϮϬϰϳϭϯϰϲϯϰϬϯϳϰϵϰϵ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϰϲϲϭϵϭϮϴϴϴϳϬϱϭϰϰϲϱ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϰϲϲϭϲϭϭϮϴϲϲϱϱϴϱϭϳϳ dŽƚĂůϰ͕ϰϯϰϰϯϰϭ͕ϭϬϱϱϯϭϰϯϬϱϮϮϱϴϳϴϮϲ DĞĚŝĂŶ/ŶĐŽŵĞΨϵϯ͕ϱϮϲΨϱϭ͕ϮϱϰΨϵϭ͕ϰϰϰΨϭϮϴ͕ϲϳϭΨϭϰϬ͕ϰϴϵΨϭϬϱ͕ϲϳϵΨϴϭ͕ϵϵϮΨϲϮ͕ϰϴϰ ϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϭ͕ϬϬϵϵϬϭϮϵϲϲϳϬϭϰϬϭϵϮϯϮϮ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϳϴϴϳϳϭϯϰϲϯϰϰϭϬϯϭϰϳϮϭϵ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϰϰϵϲϭϭϯϭϰϰϰϮϰϭϰϴϴϯ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϱϰϬϳϬϭϲϰϱϵϱϵϱϮϲϯϳϰ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϳϯϳϳϰϮϮϭϵϲϲϴϲϯϴϳϭϮϵ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϱϯϲϲϯϭϲϲϳϳϱϮϰϰϱϵϳϲ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϱϴϲϮϰϭϱϱϭϭϬϴϴϱϳϱϳϵϰ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϲϰϭϮϮϭϱϭϭϭϲϴϳϳϬϲϲϭϮϵ dŽƚĂůϱ͕Ϯϴϱϰϴϭϭ͕ϮϱϬϲϯϮϱϭϬϱϲϵϳϭϴϭ͕ϭϮϱ DĞĚŝĂŶ/ŶĐŽŵĞΨϭϬϬ͕ϴϯϳΨϱϲ͕ϲϯϵΨϭϬϭ͕ϭϭϴΨϭϯϴ͕ϯϯϭΨϭϱϮ͕ϮϴϭΨϭϭϭ͕ϳϮϱΨϴϱ͕ϳϰϳΨϳϬ͕ϬϲϮ ŚĂŶŐĞϮϬϮϱͲϮϬϯϬ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬϭϲϵϴϲϭϬϴϭϯϰϬϴϯ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵϰϳͲϳͲϰϭͲϭϭϮϯϯϱ ΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵϰϰϱϲϰϱϬϰϮϬ Ψϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵϲϬϳϭϭϲϴϮϭϬϭϲ ΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵϭϮϬϵϮϵϭϯϴϱϭϲϯϵ Ψϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵϭϭϲϭϱϯϮϭϰϭϭϳϭϬϮϲ ΨϭϬϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϭϮϬϱϮϲϮϯϭϴϲϭϯϮϵ ΨϮϬϬ͕ϬϬϬŽƌŵŽƌĞϭϳϱϲϯϵϯϬϮϮϭϮϭϱϱϮ dŽƚĂůϴϱϭϰϳϭϰϱϭϬϭϴϬϰϳϭϯϭϮϵϵ DĞĚŝĂŶ/ŶĐŽŵĞΨϳ͕ϯϭϭΨϱ͕ϯϴϱΨϵ͕ϲϳϰΨϵ͕ϲϲϬΨϭϭ͕ϳϵϮΨϲ͕ϬϰϲΨϯ͕ϳϱϱΨϳ͕ϱϳϴ ^ŽƵƌĐĞƐ͗^Z/͖h^ĞŶƐƵƐƵƌĞĂƵ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϲϵ ϮϳϬ ϲϲϰϬ͘ϯйϵϴϱϵ͘ϳйϯϲϱϵ͘ϲйϮϰϰϬ͘ϰйϭϯϮϲϰ͘ϲйϳϮϯϱ͘ϰйϭϬϴϳϱ͘ϰйϯϱϮϰ͘ϲйϱϴϯϳ͘ϵйϵϲϲϮ͘ϭйϰϯϰϳ͘ϰйϰϴϱϮ͘ϲйϰϳϱϲ͘ϱйϯϲϰϯ͘ϱйϲϴϱϴ͘Ϯйϰϵϰϭ͘ϴйϭϬϯϱϯ͘ϲйϴϵϰϲ͘ϰйϱϯϴϮ͘ϭйϭϮϭϳ͘ϵйϳϴϲϳ͘ϴйϯϳϯϮ͘ϮйϴϭϱϮ͘ϴйϳϯϰϳ͘ϮйϭϲϬϲϵ͘ϵйϲϵϯϬ͘ϭйϴϭϱϯ͘ϰйϳϭϰϲ͘ϲ йϮϭϬϲϬ͘ϱйϭϯϳϯϵ͘ϱйϭϲϯϱϭ͘ϱйϭϱϰϰϴ͘ϱйϯϮϭϴϱ͘ϯйϱϱϭϰ͘ϳйϮϯϴϵϱ͘ϯйϭϮϰ͘ϳйϯϵϵϳϬ͘ϱйϭϲϲϮϵ͘ϱйϯϰϴϳϴ͘ϰйϵϲϮϭ͘ϲйϮϱϮϳϰ͘ϴйϴϱϮϱ͘ϮйϮϳϴϵϰ͘ϴйϭϱϱ͘ϮйϰϯϮϴϵ͘ϲйϱϬϭϬ͘ϰйϯϲϮϴϴ͘ϭйϰϵϭϭ͘ϵй Ϯ͕ϵϬϵϴϰ͘ϭйϱϰϴϭϱ͘ϵйϭ͕ϰϯϴϴϴ͘ϮйϭϵϮϭϭ͘ϴйϮ͕ϳϴϭϴϮ͘ϲй ϱϴϱϭϳ͘ϰйϯ͕Ϯϭϭϴϱ͘ϲйϱϰϬϭϰ͘ϰй ϴϬϭϮϴ͘ϴйϭ͕ϵϴϮϳϭ͘Ϯйϵϱϲϵ͘ϰйϰϮϯϬ͘ϲйϳϯϱϮ͘Ϯйϲϳϰϳ͘ϴйϭ͕ϯϭϭϯϲ͘ϭйϮ͕ϯϮϭϲϯ͘ϵйϭ͕Ϭϲϰϯϰ͘ϳйϮ͕ϬϬϮϲϱ͘ϯйϰϯϲϮ͘ϱйϮϲϯϳ͘ϱйϭϮϮϲϵ͘ϴйϱϯϯϬ͘Ϯйϭ͕ϰϰϱϯϴ͘ϱйϮ͕ϯϬϵϲϭ͘ϱйϰ͕ϴϰϯϱϲ͘ϯйϯ͕ϳϱϱϰϯ͘ϳйϯϳϬϴϲ͘ϰйϱϴϭϯ͘ϲйϱϮ ϳϳϰ͘ϱйϭϴϭϮϱ͘ϱйϳ͕ϬϰϲϲϮ͘Ϭйϰ͕ϯϮϯϯϴ͘Ϭйϴ͕Ϯϲϰϳϴ͘ϴйϮ͕ϮϮϵϮϭ͘Ϯйϴϭϰϵϲ͘ϰйϯϬϯ͘ϲйϳϯϳϵϱ͘Ϭйϯϵϱ͘ϬйϭϮ͕ϮϴϮϴϯ͘ϮйϮ͕ϰϴϭϭϲ͘ϴй ϯϰ͕ϱϳϲϲϱ͘ϰйϭϴ͕Ϯϳϰϯϰ͘ϲйϯ͕ϳϱϰϵϰ͘ϴйϮϬϳϱ͘ϮйϮ͕ϵϳϰϴϭ͘ϯйϲϴϱϭϴ͘ϳйϱϭ͕ϲϰϰϳϭ͘ϭйϮϭ͕ϬϯϬϮϴ͘ϵй ϭ͘ϳйϴϮϭϵϭ͘ϴйϳϯϴ͘ϮйϲϳϮϵϭ͘ϲйϲϮϴ͘ϰйϭ͘Ϯйϲϲϯϵϴ͘ϯйϭϮϭ͘ϳйϭ͕ϰϭϬϵϴ͘ϰйϮϮϭ͘ϲйϬ͘ϬйϭϴϬϱϬ͘ϵйϭϳϯϰϵ͘ϭйϭ͕ϱϳϵϯϵ͘ϮйϮ͕ϰϱϯϲϬ͘ϴйϯ͘ϵйϮϰϱϲϬ͘ϬйϭϲϯϰϬ͘Ϭйϯ͕ϭϳϬϰϵ͘ϴйϯ͕ϭϵϮϱϬ͘Ϯйϭ͘ϴйϲ͕ϵϭϰϳϰ͘ϬйϮ͕ϰϮϲϮϲ͘ϬйϬ͘ϱйϭϳ͕ϴϵϳϵϮ͘ϭйϭ͕ϱϮϲϳ͘ϵй KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘ K>D^dKhEdzDZ<dZ Ψϰϳ͕ϭϮϯΨϱϮ͕ϴϯϯ EKZd,^hDZ<d ZĞŶƚĞƌͲZĞŶƚĞƌͲ Ψϭϯϴ͕ϯϲϲ Ψϭϭϳ͕ϲϭϯ KǁŶĞƌͲKǁŶĞƌͲ Ψϰϵ͕ϲϴϱΨϰϭ͕ϭϯϯ ^dtZds/>>^hDZ<d ϰ ϱ ZĞŶƚĞƌͲZĞŶƚĞƌͲ ^d^hDZ<d ϰ͕ϵϲϭϲϵ͘ϰйϮ͕ϭϴϯϯϬ͘ϲйϯϰϴϴϵ͘ϵйϯϵϭϬ͘ϭйϮϴϮϵϴ͘ϮйϬ͘ϰйϴϬϴϵϵ͘ϱй ΨϭϬϲ͕ϱϯϰΨϭϬϭ͕ϴϬϬ KǁŶĞƌͲKǁŶĞƌͲ K>D^dKhEdzDZ<dZ dEhZz,Kh^,K>/EKD Ψϰϭ͕ϬϯϬΨϴϮ͕ϳϯϴ d>Ͳϭϯ Ϭ ϲϱϱϴ ZK,^dZ&Z/E'^h͘ ZĞŶƚĞƌͲZĞŶƚĞƌͲ ,d&/>^hDZ<d ϮϬϮϱ ϲϯϰϵϯ͘ϵйϰϭϲ͘ϭйϯϯϵϵϴ͘ϯйϵϲϵϯϭ͘ϵйϮ͕Ϭϲϵϲϴ͘ϭйϭϭϰϭϬϬ͘Ϭй ϭ͕ϯϭϰϵϴ͘ϵйϭϱϭ͘ϭйϯϲϵϵϴ͘ϴйϮ͕ϭϵϯϰϱ͘ϴйϮ͕ϱϵϰϱϰ͘Ϯйϭϭϳϵϲ͘ϭйϭϭ͕ϰϴϭϴϴ͘ϳйϭ͕ϰϲϭϭϭ͘ϯйϭ͕ϴϱϮϵϵ͘ϲй ^ŽƵƌĐĞƐ͗h͘^͘ĞŶƐƵƐƵƌĞĂƵͲŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ^ƵƌǀĞǇ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ΨϭϬϭ͕ϲϴϵ Ψϭϱϵ͕ϲϰϯ KǁŶĞƌͲKǁŶĞƌͲ Ψϯϭ͕ϬϵϮΨϱϰ͕ϬϰϮ ZK,^dZ^hDZ<d ZĞŶƚĞƌͲZĞŶƚĞƌͲ zZKE^hDZ<d Dy&/>Z^Z,ΘKE^h>d/E' Ψϭϯϵ͕ϰϬϱΨϭϭϭ͕ϴϲϳ KǁŶĞƌͲKǁŶĞƌͲ DĞĚŝĂŶ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞDĞĚŝĂŶ,ŽƵƐĞŚŽůĚ/ŶĐŽŵĞ ΨϭϬϬ͕ϬϬϬƚŽΨϭϰϵ͕ϵϵϵΨϭϬϬ͕ϬϬϬƚŽΨϭϰϵ͕ϵϵϵ Ψϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵΨϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵΨϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵΨϭϱ͕ϬϬϬƚŽΨϮϰ͕ϵϵϵΨϮϱ͕ϬϬϬƚŽΨϯϰ͕ϵϵϵΨϯϱ͕ϬϬϬƚŽΨϰϵ͕ϵϵϵΨϱϬ͕ϬϬϬƚŽΨϳϰ͕ϵϵϵΨϳϱ͕ϬϬϬƚŽΨϵϵ͕ϵϵϵ >ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬ>ĞƐƐƚŚĂŶΨϭϱ͕ϬϬϬ hŶŝƚƐŝŶ^ƚƌƵĐƚƵƌĞ WWE/y ΨϭϱϬ͕ϬϬϬнΨϭϱϬ͕ϬϬϬн /ŶĐŽŵĞ dŽƚĂůdŽƚĂů Ϯϳϭ dŽƚĂůϮ͕ϴϲϰϭϬϬ͘Ϭϯ͕ϮϬϭϭϬϬ͘ϬϴϱϭϬϬ͘ϬϱϯϭϬϬ͘ϬϱϰϭϬϬ͘ϬϱϳϭϬϬ͘ϬϭϭϯϭϬϬ͘ϬϵϵϭϬϬ͘ϬϳϵϭϬϬ͘ϬϵϰϭϬϬ͘ϬdŽƚĂůϭϭ͕ϳϲϬϭϬϬ͘ϬϭϮ͕ϵϲϭϭϬϬ͘ϬϰϯϳϭϬϬ͘ϬϰϬϯϭϬϬ͘ϬϮϮϭϭϬϬ͘ϬϮϯϵϭϬϬ͘ϬϱϯϲϭϬϬ͘ϬϱϬϬϭϬϬ͘ϬϰϯϮϭϬϬ͘ϬϰϴϵϭϬϬ͘ϬdŽƚĂůϭϬ͕ϯϵϳϭϬϬ͘ϬϭϮ͕ϱϵϱϭϬϬ͘ ϬϱϮϰϭϬϬ͘ϬϳϮϯϭϬϬ͘ϬϮϲϰϭϬϬ͘ϬϮϲϳϭϬϬ͘ϬϱϴϲϭϬϬ͘ϬϱϴϳϭϬϬ͘ϬϱϱϴϭϬϬ͘ϬϲϱϰϭϬϬ͘ϬdŽƚĂůϭϯ͕ϮϭϳϭϬϬ͘ϬϭϬ͕ϳϮϬϭϬϬ͘ϬϲϴϳϭϬϬ͘ϬϱϴϵϭϬϬ͘ϬϮϵϳϭϬϬ͘ϬϮϲϲϭϬϬ͘ϬϲϳϯϭϬϬ͘ϬϲϬϰϭϬϬ͘ϬϴϳϮϭϬϬ͘ϬϲϮϯϭϬϬ͘ϬdŽƚĂůϵ͕ϵϬϳϭϬϬ͘ϬϭϮ͕ϳϬϮϭϬϬ͘ϬϰϰϬϭϬϬ͘ϬϲϳϯϭϬϬ͘ϬϮ ϰϭϭϬϬ͘ϬϮϵϵϭϬϬ͘ϬϱϬϴϭϬϬ͘ϬϲϯϲϭϬϬ͘ϬϱϵϵϭϬϬ͘ϬϴϭϰϭϬϬ͘ϬdŽƚĂůϲ͕ϬϳϭϭϬϬ͘Ϭϵ͕ϬϭϰϭϬϬ͘ϬϮϵϯϭϬϬ͘ϬϯϱϵϭϬϬ͘ϬϭϳϬϭϬϬ͘ϬϮϮϱϭϬϬ͘ϬϮϴϵϭϬϬ͘ϬϰϳϳϭϬϬ͘ϬϯϳϰϭϬϬ͘ϬϱϮϴϭϬϬ͘ϬdŽƚĂůϰ͕ϬϳϭϭϬϬ͘Ϭϱ͕ϮϮϯϭϬϬ͘ϬϭϮϰϭϬϬ͘ϬϮϮϬϭϬϬ͘ϬϭϰϮϭϬϬ͘ϬϭϯϳϭϬϬ͘ϬϮϱϭϭϬϬ 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ϮϭϮϴ͘Ϭϭϲϰϯϯ͘ϱϮ͕ϯϵϮϮϯ͘Ϭϯ͕ϱϬϭϮϳ͘ϴϲϳϭϮ͘ϴϳϳϭϬ͘ϳϱϬϭϴ͘ϵϰϭϭϱ͘ϰϭϬϭϭϳ͘ϮϭϬϮϭϳ͘ϰϳϰϭϯ͘ϯϳϰϭϭ͘ϯϭϭ͕ϭϭϬϴϰ͘ϭϴ͕ϯϴϯϳϴ͘ϮϲϭϬϴϴ͘ϴϱϮϵϴϵ͘ϴϮϱϮϴϰ͘ϴϮϮϯϴϯ͘ϴϱϴϲϴϳ͘ϭϱϮϱϴϲ͘ϵϳϴϯϴϵ͘ϴϱϱϲϴϵ͘ϮϴϬϯϭϯ͘Ϯϭ͕ϰϯϰϭϱ͘ϵϮϭϳ͘ϮϰϬϭϭ͘ϭϮϳϭϱ͘ϵϰϬϭϳ͘ϴϰϬϭϯ ͘ϴϱϵϭϮ͘ϰϯϯϴ͘ϴϱϳϭϬ͘ϴϯ͕ϭϱϵϳϳ͘ϲϰ͕ϭϳϯϳϵ͘ϵϭϭϭϴϵ͘ϱϭϵϱϴϴ͘ϲϭϭϯϳϵ͘ϲϭϬϴϳϴ͘ϴϭϴϰϳϯ͘ϯϭϳϲϳϰ͘ϵϭϳϭϴϭ͘ϴϮϰϴϴϱ͘ϱϭϱ͘ϰϭϴϮϳ͘ϯϯϲϱϱ͘ϰϯϰϯϴ͘ϲϲϯϰϳ͘ϳϰϴϰϯ͘ϲϯϬϯϰ͘ϵϮϵϮϰ͘Ϯϰϱ͕ϬϲϬϳϰ͘ϵϰϴ͕ϭϵϮϳϬ͘ϭϮ͕ϮϰϬϴϱ͘ϮϮ͕ϲϱϵϴϲ͘Ϯϭ͕ϭϯϭϳϳ͘ϴϭ͕ϮϲϬϳϵ͘ϴϮ͕ϰϱ ϯϳϵ͘ϰϮ͕ϲϭϬϴϬ͘ϰϮ͕ϳϮϯϴϰ͘ϵϯ͕ϬϲϬϴϰ͘ϳ ϳϭϵϮϱ͘ϭϱϮϬϭϲ͘ϮϮϵϯϰ͘ϭϮϱϰϳ͘ϮϭϲϮϵ͘ϲϮϮϯϴ͘ϲϯϳϯϮ͘ϳϰϲϰϲ͘ϱϯϭϯϵ͘Ϯϯϵϰϭ͘ϱϵϭϮϮϮ͘ϰϭ͕ϬϱϬϮϬ͘ϭϭϯϭϬ͘ϱϮϱϭϭ͘ϰϮϵϮϬ͘ϰϮϵϮϭ͘ϮϲϳϮϲ͘ϳϱϵϮϱ͘ϭϯϴϭϴ͘ϮϰϮϭϰ͘ϱϭϱ͕ϭϭϲϮϱ͘ϭϮϬ͕ϱϬϵϮϵ͘ϵϯϴϵϭϰ͘ϴϰϮϳϭϯ͘ϴϯϮϯϮϮ͘ϮϯϭϴϮϬ͘ϮϲϯϱϮϬ͘ϲϲϯϴϭϵ͘ϲϰϴϲϭϱ͘ϭϱϱϮϭ ϱ͘ϯ WĐƚ͘ ϮϬϮϬ EŽƌƚŚ^ƵďŵĂƌŬĞƚ EŽ͘ WĐƚ͘ ϮϬϭϬ EŽ͘ WĐƚ͘ ϮϬϮϬ ĂƐƚ^ƵďŵĂƌŬĞƚ EŽ͘ ͲͲͲͲͲͲͲͲͲͲKůŵƐƚĞĚŽƵŶƚǇ^ƵďŵĂƌŬĞƚƐͲͲͲͲͲͲͲͲͲͲ WĐƚ͘ ϮϬϭϬ EŽ͘ WĐƚ͘ ϮϬϮϬ ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚ dEhZz'K&,Kh^,K>Z K>D^dKhEdzDZ<dZ EŽ͘ ϮϬϭϬĂŶĚϮϬϮϬ d>Ͳϭϰ WĐƚ͘ ϮϬϭϬ EŽ͘ WĐƚ͘ ϮϬϮϬ ǇƌŽŶ^ƵďŵĂƌŬĞƚ EŽ͘ WĐƚ͘ ϮϬϭϬ ϲ EŽ͘ ^ŽƵƌĐĞƐ͗h͘^͘ĞŶƐƵƐƵƌĞĂƵ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E' ϴϲϱϰϱ͘ϴϵϭϲϰϬ͘ϭ WĐƚ͘ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ϮϬϮϬ EŽ͘ WĐƚ͘ ϮϬϭϬ EŽ͘ WWE/y KǁŶKǁŶKǁŶKǁŶKǁŶKǁŶKǁŶKǁŶKǁŶ ZĞŶƚZĞŶƚZĞŶƚZĞŶƚZĞŶƚZĞŶƚZĞŶƚZĞŶƚZĞŶƚ dKd> ϭϱͲϮϰϮϱͲϯϰϯϱͲϰϰϰϱͲϱϰϱϱͲϲϰϲϱͲϳϰϳϱͲϴϰ ŐĞ ϴϱн WWE/y d>Ͳϭϱ dEhZzZ K>D^dKhEdzE/dzK&ZK,^dZ ϮϬϭϬĂŶĚϮϬϮϬ ŵĞƌŝĐĂŶ/ŶĚŝĂŶEĂƚŝǀĞ,ĂǁĂŝŝĂŶŽƌ tŚŝƚĞůĂĐŬŽƌĨƌŝĐĂŶŽƌůĂƐŬĂEĂƚŝǀĞKƚŚĞƌWĂĐŝĨŝĐƐŝĂŶ^ŽŵĞKƚŚĞƌdǁŽŽƌDŽƌĞ,ŝƐƉĂŶŝĐŽƌ ůŽŶĞŵĞƌŝĐĂŶůŽŶĞůŽŶĞ/ƐĂŶĚĞƌůŽŶĞůŽŶĞZĂĐĞůŽŶĞZĂĐĞƐůŽŶĞ>ĂƚŝŶŽ ϮϬϮϬ ZŽĐŚĞƐƚĞƌ dŽƚĂůϯϳ͕ϳϮϱϭ͕ϵϭϯϴϬϭϰϮ͕ϮϲϮϱϲϰϰϲϳϮ͕ϯϬϰ KǁŶĞĚKĐĐƵƉŝĞĚϮϴ͕ϭϰϴϰϯϲϯϲϭϬϭ͕ϯϲϯϮϱϴϮϮϭϭ͕ϬϵϬ ZĞŶƚĞƌKĐĐƵƉŝĞĚϵ͕ϱϳϳϭ͕ϰϳϳϰϰϰϴϵϵϯϬϲϮϰϲϭ͕Ϯϭϰ йKǁŶĞƌϳϰ͘ϲйϮϮ͘ϴйϰϱ͘Ϭйϳϭ͘ϰйϲϬ͘ϯйϰϱ͘ϳйϰϳ͘ϯйϰϳ͘ϯй ZĞŵŝĂŶĚĞƌŽĨKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ dŽƚĂůϭϲ͕ϳϯϵϲϮϮϰϱϭϳϭϲϴϴϮϯϱϲ KǁŶĞĚKĐĐƵƉŝĞĚϭϰ͕ϮϵϴϯϳϭϲϰϭϯϵϯϵϱϱϮϰϳ ZĞŶƚĞƌKĐĐƵƉŝĞĚϮ͕ϰϰϭϮϱϴϭϯϮϮϵϮϳϭϬϵ йKǁŶĞƌϴϱ͘ϰйϱϵ͘ϳйϲϲ͘ϳйϴϬ͘Ϭйϴϭ͘ϯйϱϳ͘ϰйϲϳ͘ϭйϲϵ͘ϰй KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ dŽƚĂůϱϰ͕ϰϲϰϭ͕ϵϳϱϭϬϰϭϵϮ͕ϰϯϯϲϯϮϱϰϵϮ͕ϲϲϬ KǁŶĞĚKĐĐƵƉŝĞĚϰϮ͕ϰϰϲϰϳϯϱϮϭϰϭ͕ϱϬϮϮϵϳϮϳϲϭ͕ϯϯϳ ZĞŶƚĞƌKĐĐƵƉŝĞĚϭϮ͕Ϭϭϴϭ͕ϱϬϮϱϮϱϵϯϭϯϯϱϮϳϯϭ͕ϯϮϯ йKǁŶĞƌϳϳ͘ϵйϮϯ͘ϵйϱϬ͘Ϭйϳϯ͘ϳйϲϭ͘ϳйϰϳ͘ϬйϱϬ͘ϯйϱϬ͘ϯй ϮϬϭϬ ZŽĐŚĞƐƚĞƌ dŽƚĂůϰϬ͕Ϭϳϯϯ͕ϭϲϬϭϱϰϭϰϯ͕ϯϭϳϭ͕ϬϱϲϮ͕ϭϯϬϭ͕ϰϬϳ KǁŶĞĚKĐĐƵƉŝĞĚϮϳ͕ϴϭϴϲϴϳϳϯϮϭ͕ϵϱϵϰϵϳϭ͕ϭϬϵϳϮϭ ZĞŶƚĞƌKĐĐƵƉŝĞĚϭϮ͕ϮϱϱϮ͕ϰϳϯϴϭϭϮϭ͕ϯϱϴϱϱϵϭ͕ϬϮϭϲϴϲ йKǁŶĞƌϲϵ͘ϰйϮϭ͘ϳйϰϳ͘ϰйϭϰ͘ϯйϱϵ͘ϭйϰϳ͘ϭйϱϮ͘ϭйϱϭ͘Ϯй ZĞŵŝĂŶĚĞƌŽĨKůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ dŽƚĂůϭϳ͕ϲϯϬϭϮϬϱϬϱϮϲϰϭϳϳϱϱϭϮϭϳ KǁŶĞĚKĐĐƵƉŝĞĚϭϱ͕ϮϬϮϰϵϮϱϯϮϯϭϭϭϴϰϭϵϭϰϲ ZĞŶƚĞƌKĐĐƵƉŝĞĚϮ͕ϰϮϴϳϭϮϱϮϯϯϱϵϭϯϮϳϭ йKǁŶĞƌϴϲ͘ϮйϰϬ͘ϴйϱϬ͘ϬйϲϬ͘Ϭйϴϳ͘ϱйϲϲ͘ϳйϳϲ͘Ϭйϲϳ͘ϯй KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ dŽƚĂůϱϳ͕ϳϬϯϯ͕ϮϴϬϮϬϰϭϵϯ͕ϱϴϭϭ͕ϮϯϯϮ͕ϲϴϭϭ͕ϲϮϰ KǁŶĞĚKĐĐƵƉŝĞĚϰϯ͕ϬϮϬϳϯϲϵϴϱϮ͕ϭϵϬϲϭϱϭ͕ϱϮϴϴϲϳ ZĞŶƚĞƌKĐĐƵƉŝĞĚϭϰ͕ϲϴϯϮ͕ϱϰϰϭϬϲϭϰϭ͕ϯϵϭϲϭϴϭ͕ϭϱϯϳϱϳ йKǁŶĞƌϳϰ͘ϲйϮϮ͘ϰйϰϴ͘ϬйϮϲ͘ϯйϲϭ͘Ϯйϰϵ͘ϵйϱϳ͘Ϭйϱϯ͘ϰй ^ŽƵƌĐĞ͗h͘^͘ĞŶƐƵƐ͕DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘZĞƐĞĂƌĐŚ Dy&/>Z^Z,ΘKE^h>d/E'ϮϳϮ WWE/y d>Ͳϭϱ dEhZz,Kh^,K>^/ K>D^dKhEdzDZ<dZ ϮϬϭϬΘϮϬϮϬ ǇƌŽŶ^ƵďŵĂƌŬĞƚ ϮϬϭϬϮϬϮϬ KǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚKǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚ ^ŝǌĞEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ ϭWW,ŽƵƐĞŚŽůĚϯϯϲϭϱ͘Ϭйϭϰϴϯϴ͘Ϭйϯϴϯϭϰ͘ϰйϭϳϴϰϭ͘ϳй ϮWW,ŽƵƐĞŚŽůĚϴϲϬϯϴ͘ϰйϭϬϲϮϳ͘Ϯйϵϱϱϯϱ͘ϵйϭϭϲϮϳ͘Ϯй ϯWW,ŽƵƐĞŚŽůĚϯϳϳϭϲ͘ϴйϲϱϭϲ͘ϳйϯϴϴϭϰ͘ϲйϱϵϭϯ͘ϴй ϰWW,ŽƵƐĞŚŽůĚϰϰϭϭϵ͘ϳйϯϵϭϬ͘ϬйϱϱϱϮϬ͘ϵйϰϰϭϬ͘ϯй ϱWW,ŽƵƐĞŚŽůĚϭϲϳϳ͘ϱйϮϯϱ͘ϵйϮϱϴϵ͘ϳйϭϲϯ͘ϳй ϲWW,ŽƵƐĞŚŽůĚϰϰϮ͘Ϭйϳϭ͘ϴйϴϰϯ͘Ϯйϲϭ͘ϰй ϳWWн,ŽƵƐĞŚŽůĚϭϱϬ͘ϳйϭϬ͘ϯйϯϲϭ͘ϰйϴϭ͘ϵй dŽƚĂůϮ͕ϮϰϬ ϭϬϬ͘Ϭй ϯϴϵ ϭϬϬ͘Ϭй Ϯ͕ϲϱϵ ϭϬϬ͘Ϭй ϰϮϳ ϭϬϬ͘Ϭй ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚ ϮϬϭϬϮϬϮϬ KǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚKǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚ ^ŝǌĞEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ ϭWW,ŽƵƐĞŚŽůĚϮϬϴϭϴ͘ϰйϭϱϱϰϴ͘ϬйϮϰϲϭϵ͘ϱйϭϳϰϱϰ͘ϳй ϮWW,ŽƵƐĞŚŽůĚϰϰϬϯϴ͘ϵйϴϯϮϱ͘ϳйϰϳϲϯϳ͘ϴйϲϲϮϬ͘ϴй ϯWW,ŽƵƐĞŚŽůĚϭϳϵϭϱ͘ϴйϯϰϭϬ͘ϱйϮϬϭϭϲ͘Ϭйϯϭϵ͘ϳй ϰWW,ŽƵƐĞŚŽůĚϭϵϱϭϳ͘ϮйϮϰϳ͘ϰйϭϵϴϭϱ͘ϳйϭϵϲ͘Ϭй ϱWW,ŽƵƐĞŚŽůĚϴϲϳ͘ϲйϭϲϱ͘Ϭйϴϱϲ͘ϳйϮϬϲ͘ϯй ϲWW,ŽƵƐĞŚŽůĚϭϲϭ͘ϰйϵϮ͘ϴйϰϬϯ͘Ϯйϰϭ͘ϯй ϳWWн,ŽƵƐĞŚŽůĚϳϬ͘ϲйϮϬ͘ϲйϭϰϭ͘ϭйϰϭ͘ϯй dŽƚĂůϭ͕ϭϯϭ ϭϬϬ͘Ϭй ϯϮϯ ϭϬϬ͘Ϭй ϭ͕ϮϲϬ ϭϬϬ͘Ϭй ϯϭϴ ϭϬϬ͘Ϭй ĂƐƚ^ƵďŵĂƌŬĞƚ ϮϬϭϬϮϬϮϬ KǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚKǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚ ^ŝǌĞEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ ϭWW,ŽƵƐĞŚŽůĚϯϵϲϭϲ͘ϭйϯϭϯϰϵ͘ϯйϰϱϮϭϳ͘ϯйϮϳϵϰϯ͘ϳй ϮWW,ŽƵƐĞŚŽůĚϵϬϭϯϲ͘ϳйϭϱϯϮϰ͘ϭйϵϲϰϯϲ͘ϵйϭϲϭϮϱ͘Ϯй ϯWW,ŽƵƐĞŚŽůĚϯϵϰϭϲ͘ϭйϲϵϭϬ͘ϵйϰϬϬϭϱ͘ϯйϳϵϭϮ͘ϰй ϰWW,ŽƵƐĞŚŽůĚϰϳϴϭϵ͘ϱйϱϰϴ͘ϱйϰϰϲϭϳ͘ϭйϱϬϳ͘ϴй ϱWW,ŽƵƐĞŚŽůĚϭϵϬϳ͘ϳйϮϴϰ͘ϰйϮϬϯϳ͘ϴйϯϭϰ͘ϵй ϲWW,ŽƵƐĞŚŽůĚϲϰϮ͘ϲйϭϭϭ͘ϳйϭϬϰϰ͘ϬйϮϯϯ͘ϲй ϳWWн,ŽƵƐĞŚŽůĚϯϬϭ͘Ϯйϳϭ͘ϭйϰϭϭ͘ϲйϭϱϮ͘ϰй dŽƚĂůϮ͕ϰϱϯ ϭϬϬ͘Ϭй ϲϯϱ ϭϬϬ͘Ϭй Ϯ͕ϲϭϬ ϭϬϬ͘Ϭй ϲϯϴ ϭϬϬ͘Ϭй EŽƌƚŚ^ƵďŵĂƌŬĞƚ ϮϬϭϬϮϬϮϬ KǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚKǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚ ^ŝǌĞEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ ϭWW,ŽƵƐĞŚŽůĚϰϴϬϭϳ͘ϲйϭϴϵϯϴ͘ϵйϱϮϵϭϳ͘ϯйϮϬϲϯϳ͘ϯй ϮWW,ŽƵƐĞŚŽůĚϭ͕Ϭϳϯϯϵ͘ϰйϭϰϮϮϵ͘Ϯйϭ͕ϭϴϳϯϴ͘ϴйϭϱϳϮϴ͘ϰй ϯWW,ŽƵƐĞŚŽůĚϰϱϰϭϲ͘ϳйϳϬϭϰ͘ϰйϰϱϭϭϰ͘ϳйϳϱϭϯ͘ϲй ϰWW,ŽƵƐĞŚŽůĚϰϰϬϭϲ͘ϮйϰϵϭϬ͘ϭйϰϴϮϭϱ͘ϴйϱϮϵ͘ϰй ϱWW,ŽƵƐĞŚŽůĚϮϬϭϳ͘ϰйϮϭϰ͘ϯйϮϳϬϴ͘ϴйϯϭϱ͘ϲй ϲWW,ŽƵƐĞŚŽůĚϱϯϭ͘ϵйϭϮϮ͘ϱйϭϬϮϯ͘ϯйϭϲϮ͘ϵй ϳWWн,ŽƵƐĞŚŽůĚϮϮϬ͘ϴйϯϬ͘ϲйϯϵϭ͘ϯйϭϱϮ͘ϳй dŽƚĂůϮ͕ϳϮϯ ϭϬϬ͘Ϭй ϰϴϲ ϭϬϬ͘Ϭй ϯ͕ϬϲϬ ϭϬϬ͘Ϭй ϱϱϮ ϭϬϬ͘Ϭй ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ ϮϬϭϬϮϬϮϬ KǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚKǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚ ^ŝǌĞEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ ϭWW,ŽƵƐĞŚŽůĚϳ͕ϬϴϳϮϯ͘ϯйϱ͕ϴϰϰϰϲ͘ϲйϳ͕ϲϴϬϮϯ͘ϵйϴ͕ϱϱϭϰϴ͘Ϯй ϮWW,ŽƵƐĞŚŽůĚϭϭ͕ϰϱϬϯϳ͘ϲйϯ͕ϮϭϱϮϱ͘ϲйϭϮ͕Ϭϵϰϯϳ͘ϲйϰ͕ϴϳϰϮϳ͘ϰй ϯWW,ŽƵƐĞŚŽůĚϰ͕ϲϭϳϭϱ͘Ϯйϭ͕ϱϱϵϭϮ͘ϰйϰ͕ϲϴϯϭϰ͘ϲйϭ͕ϵϯϵϭϬ͘ϵй ϰWW,ŽƵƐĞŚŽůĚϰ͕ϰϯϱϭϰ͘ϲйϵϳϵϳ͘ϴйϰ͕ϱϬϯϭϰ͘Ϭйϭ͕ϯϭϭϳ͘ϰй ϱWW,ŽƵƐĞŚŽůĚϭ͕ϴϯϵϲ͘ϬйϱϬϴϰ͘ϬйϮ͕Ϭϭϳϲ͘ϯйϱϰϬϯ͘Ϭй ϲWW,ŽƵƐĞŚŽůĚϲϵϯϮ͘ϯйϮϱϭϮ͘ϬйϳϮϴϮ͘ϯйϯϮϱϭ͘ϴй ϳWWн,ŽƵƐĞŚŽůĚϯϱϭϭ͘Ϯйϭϵϳϭ͘ϲйϰϰϬϭ͘ϰйϮϭϵϭ͘Ϯй dŽƚĂůϯϬ͕ϰϳϮ ϭϬϬ͘Ϭй ϭϮ͕ϱϱϯ ϭϬϬ͘Ϭй ϯϮ͕ϭϰϱ ϭϬϬ͘Ϭй ϭϳ͕ϳϱϵ ϭϬϬ͘Ϭй ŽŶƚŝŶƵĞĚ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϳϯ WWE/y d>Ͳϭϲ dEhZz,Kh^,K>^/ K>D^dKhEdzDZ<dZ ϮϬϭϬΘϮϬϮϬ ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚ ϮϬϭϬϮϬϮϬ KǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚKǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚ ^ŝǌĞEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ ϭWW,ŽƵƐĞŚŽůĚϰϬϴϭϮ͘ϯйϲϱϯϰ͘ϲйϰϱϮϭϮ͘ϲйϲϬϯϭ͘ϲй ϮWW,ŽƵƐĞŚŽůĚϭ͕ϰϳϴϰϰ͘ϱйϱϮϮϳ͘ϳйϭ͕ϱϵϳϰϰ͘ϳйϳϴϰϭ͘ϭй ϯWW,ŽƵƐĞŚŽůĚϱϰϵϭϲ͘ϱйϮϳϭϰ͘ϰйϱϭϱϭϰ͘ϰйϭϴϵ͘ϱй ϰWW,ŽƵƐĞŚŽůĚϱϰϭϭϲ͘ϯйϮϭϭϭ͘Ϯйϱϴϱϭϲ͘ϰйϭϴϵ͘ϱй ϱWW,ŽƵƐĞŚŽůĚϮϯϱϳ͘ϭйϭϭϱ͘ϵйϮϴϴϴ͘ϭйϲϯ͘Ϯй ϲWW,ŽƵƐĞŚŽůĚϴϰϮ͘ϱйϲϯ͘ϮйϴϴϮ͘ϱйϲϯ͘Ϯй ϳWWн,ŽƵƐĞŚŽůĚϮϵϬ͘ϵйϲϯ͘Ϯйϰϵϭ͘ϰйϰϮ͘ϭй dŽƚĂůϯ͕ϯϮϰ ϭϬϬ͘Ϭй ϭϴϴ ϭϬϬ͘Ϭй ϯ͕ϱϳϰ ϭϬϬ͘Ϭй ϭϵϬ ϭϬϬ͘Ϭй ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚ ϮϬϭϬϮϬϮϬ KǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚKǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚ ^ŝǌĞEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ ϭWW,ŽƵƐĞŚŽůĚϱϬϮϭϴ͘ϱйϮϲϯϰϴ͘ϱйϱϲϳϭϵ͘ϳйϮϱϰϰϬ͘ϲй ϮWW,ŽƵƐĞŚŽůĚϭϬϲϬϯϵ͘ϬйϭϮϴϮϯ͘ϲйϭϬϳϲϯϳ͘ϯйϭϳϭϮϳ͘ϰй ϯWW,ŽƵƐĞŚŽůĚϰϲϲϭϳ͘Ϯйϳϲϭϰ͘ϬйϰϰϬϭϱ͘ϯйϳϰϭϭ͘ϴй ϰWW,ŽƵƐĞŚŽůĚϰϮϱϭϱ͘ϲйϱϬϵ͘Ϯйϰϵϳϭϳ͘Ϯйϱϴϵ͘ϯй ϱWW,ŽƵƐĞŚŽůĚϭϳϯϲ͘ϰйϭϳϯ͘ϭйϮϬϮϳ͘Ϭйϯϰϱ͘ϰй ϲWW,ŽƵƐĞŚŽůĚϲϮϮ͘ϯйϱϬ͘ϵйϳϭϮ͘ϱйϭϴϮ͘ϵй ϳWWн,ŽƵƐĞŚŽůĚϮϵϭ͘ϭйϯϬ͘ϲйϯϭϭ͘ϭйϭϲϮ͘ϲй dŽƚĂůϮ͕ϳϭϳ ϭϬϬ͘Ϭй ϱϰϮ ϭϬϬ͘Ϭй Ϯ͕ϴϴϰ ϭϬϬ͘Ϭй ϲϮϱ ϭϬϬ͘Ϭй KůŵƐƚĞĚŽƵŶƚǇ ϮϬϭϬϮϬϮϬ KǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚKǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚ ^ŝǌĞEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ ϭWW,ŽƵƐĞŚŽůĚϴ͕ϵϴϴϮϭ͘Ϭйϲ͕ϱϯϲϰϱ͘ϴйϵ͕ϳϵϱϮϭ͘ϰйϵ͕Ϯϯϳϰϳ͘Ϯй ϮWW,ŽƵƐĞŚŽůĚϭϲ͕ϰϬϵϯϴ͘ϯйϯ͕ϲϳϳϮϱ͘ϴйϭϳ͕ϰϮϱϯϴ͘Ϯйϱ͕ϯϵϭϮϳ͘ϱй ϯWW,ŽƵƐĞŚŽůĚϲ͕ϲϴϴϭϱ͘ϲйϭ͕ϴϭϰϭϮ͘ϳйϲ͕ϲϴϱϭϰ͘ϲйϮ͕ϭϳϲϭϭ͘ϭй ϰWW,ŽƵƐĞŚŽůĚϲ͕ϱϲϵϭϱ͘ϯйϭ͕ϭϰϵϴ͘ϭйϲ͕ϴϴϴϭϱ͘ϭйϭ͕ϰϵϭϳ͘ϲй ϱWW,ŽƵƐĞŚŽůĚϮ͕ϳϯϰϲ͘ϰйϱϵϱϰ͘Ϯйϯ͕ϭϮϲϲ͘ϴйϲϯϵϯ͘ϯй ϲWW,ŽƵƐĞŚŽůĚϵϲϳϮ͘ϯйϮϴϰϮ͘Ϭйϭ͕ϭϯϯϮ͘ϱйϯϳϲϭ͘ϵй ϳWWн,ŽƵƐĞŚŽůĚϰϱϳϭ͘ϭйϮϭϯϭ͘ϱйϲϭϱϭ͘ϯйϮϲϱϭ͘ϰй dŽƚĂůϰϮ͕ϴϭϮ ϭϬϬ͘Ϭй ϭϰ͕Ϯϲϴ ϭϬϬ͘Ϭй ϰϱ͕ϲϲϳ ϭϬϬ͘Ϭй ϭϵ͕ϱϳϱ ϭϬϬ͘Ϭй KůŵƐƚĞĚŽƵŶƚǇD ϮϬϭϬϮϬϮϬ KǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚKǁŶĞƌKĐĐƵƉŝĞĚZĞŶƚĞƌKĐĐƵƉŝĞĚ ^ŝǌĞEƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘EƵŵďĞƌWĐƚ͘ ϭWW,ŽƵƐĞŚŽůĚϵ͕ϰϭϳϮϬ͘ϵйϲ͕ϵϳϳϰϲ͘ϮйϭϬ͕ϯϬϵϮϭ͘ϰйϵ͕ϳϬϮϰϳ͘ϯй ϮWW,ŽƵƐĞŚŽůĚϭϳ͕ϮϲϮϯϴ͘ϯйϯ͕ϴϳϵϮϱ͘ϳйϭϴ͕ϯϰϵϯϴ͘ϭйϱ͕ϲϮϯϮϳ͘ϰй ϯWW,ŽƵƐĞŚŽůĚϳ͕Ϭϯϲϭϱ͘ϲйϭ͕ϵϬϬϭϮ͘ϲйϳ͕Ϭϳϴϭϰ͘ϳйϮ͕Ϯϳϱϭϭ͘ϭй ϰWW,ŽƵƐĞŚŽůĚϲ͕ϵϱϱϭϱ͘ϰйϭ͕Ϯϭϲϴ͘Ϭйϳ͕Ϯϲϲϭϱ͘ϭйϭ͕ϱϱϮϳ͘ϲй ϱWW,ŽƵƐĞŚŽůĚϮ͕ϴϵϭϲ͘ϰйϲϮϰϰ͘ϭйϯ͕ϯϮϯϲ͘ϵйϲϳϴϯ͘ϯй ϲWW,ŽƵƐĞŚŽůĚϭ͕ϬϭϲϮ͘ϯйϯϬϭϮ͘Ϭйϭ͕ϮϭϳϮ͘ϱйϯϵϴϭ͘ϵй ϳWWн,ŽƵƐĞŚŽůĚϰϴϯϭ͘ϭйϮϭϵϭ͘ϰйϲϱϬϭ͘ϯйϮϴϭϭ͘ϰй dŽƚĂůϰϱ͕ϬϲϬ ϭϬϬ͘Ϭй ϭϱ͕ϭϭϲ ϭϬϬ͘Ϭй ϰϴ͕ϭϵϮ ϭϬϬ͘Ϭй ϮϬ͕ϱϬϵ ϭϬϬ͘Ϭй ^ŽƵƌĐĞƐ͗h͘^͘ĞŶƐƵƐƵƌĞĂƵ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϳϰ Ϯϳϱ Ψϭ͕ϭϭϯ͕ϰϴϯΨϯϭϮ͕ϮϳϭΨϭϱϴ͕ϱϴϴΨϭϭϬ͕ϬϯϱΨϮϯϴ͕ϵϮϭΨϭϱϬ͕ϳϲϭΨϴϱϯ͕ϭϭϰΨϮϴϳ͕ϰϲϲΨϭ͕Ϭϭϲ͕ϮϰϯΨϯϲϲ͕ϮϲϵΨϭ͕ϴϰϭ͕ϮϬϲΨϱϳϮ͕ϵϯϮΨϭ͕ϴϱϮ͕ϮϲϰΨϱϮϵ͕ϮϱϱΨϭ͕ϬϭϬ͕ϵϲϴΨϮϲϮ͕Ϯϳϳ Ψϭ͕ϰϬϰ͕ϬϰϯΨϯϬϰ͕ϵϯϰΨϵϲ͕ϰϱϬΨϭϱ͕ϬϱϯΨϮϬϭ͕ϳϭϲΨϵϳ͕ϭϭϬΨϴϰϭ͕ϯϲϬΨϮϳϱ͕ ϮϭϭΨϭ͕ϰϴϭ͕ϰϲϰΨϰϮϲ͕ϮϵϮΨϮ͕Ϯϴϰ͕ϮϰϬΨϲϯϭ͕ϰϭϵΨϮ͕ϲϬϲ͕ϮϬϭΨϲϯϵ͕ϰϬϱΨϭ͕ϵϳϲ͕ϯϲϴΨϯϳϰ͕ϱϱϮ ϵϴϳΨϮϬϴ͕ϱϵϴΨϭϱϮ͕ϯϵϯΨϯϬϯ͕ϳϮϮΨϮϮϱ͕ϱϵϬΨϭ͕ϱϰϮ͕ϵϭϵΨϱϯϲ͕ϳϰϳΨϮ͕Ϭϭϵ͕ϵϮϮΨϲϯϱ͕ϱϰϱΨϮ͕ϵϲϮ͕ϮϵϯΨϭ͕ϬϬϬ͕ϬϬϭΨϯ͕ϬϲϬ͕ϴϲϳΨϭ͕ϬϬϬ͕ϬϬϭΨϭ͕ϱϭϴ͕ϵϴϮΨϯϰϲ͕ϲϯϳΨϭ͕ϯϵϳ͕ϲϳϰΨϯϲϲ͕ϳϮϮΨϮϬϴ͕ϭϱϳΨϭϲϬ͕ϱϴϳΨϮϳϯ͕ϬϵϱΨϭϳϰ͕ϮϭϮΨϭ͕Ϭϲϲ͕ϰϭϳΨϯϮϳ͕ϲϯϴΨϭ ͕Ϯϭϱ͕ϭϯϲΨϰϮϲ͕ϯϯϯΨϭ͕ϵϲϳ͕ϭϳϬΨϱϰϱ͕ϯϲϬΨϮ͕ϲϯϯ͕ϵϯϮΨϲϳϬ͕ϴϬϳΨϭ͕ϰϳϲ͕ϵϮϲΨϯϮϯ͕ϬϵϰΨϮ͕ϭϱϱ͕ϲϱϵΨϱϳϬ͕ϮϮϴΨϭϵϲ͕ϰϳϭΨϭϬϴ͕ϱϲϱΨϮϴϱ͕ϳϯϭΨϭϵϯ͕ϮϬϯΨϭ͕ϯϱϮ͕ϲϲϬΨϰϵϭ͕ϵϰϯΨϭ͕ϵϳϳ͕ϰϰϴΨϲϰϱ͕ϲϬϵΨϯ͕ϭϯϳ͕ϰϬϮΨϭ͕ϬϬϬ͕ϬϬϭΨϯ͕ϱϰϮ͕ϬϰϭΨϭ͕ϬϬϬ͕ϬϬϭΨϮ͕ ϲϬϮ͕ϯϯϱΨϱϰϴ͕ϬϮϰΨϭ͕Ϯϯϲ͕ϮϳϬΨϮϱϳ͕ϱϴϲΨϳϲ͕ϰϬϰΨϭϯ͕ϮϮϯΨϭϴϭ͕ϴϴϰΨϳϴ͕ϬϬϯΨϳϬϭ͕ϵϱϳΨϮϮϳ͕ϭϬϱΨϭ͕ϯϰϱ͕ϮϯϵΨϯϱϱ͕ϭϱϴΨϮ͕Ϭϲϴ͕ϬϳϭΨϱϯϵ͕ϱϲϲΨϮ͕ϯϵϮ͕ϰϯϮΨϱϳϴ͕ϳϭϭΨϭ͕ϵϯϯ͕ϯϱϰΨϯϱϵ͕ϬϰϳΨϮ͕ϳϬϭ͕ϭϰϳΨϳϮϭ͕ϬϱϮΨϭϵϵ͕ϰϴϮΨϭϴϲ͕ϳϳϱΨϯϭϲ͕ϵϵϯΨϮϭϯ͕Ϯϱ ϲΨϭ͕ϰϯϮ͕ϳϵϳΨϱϱϳ͕ϰϯϲΨϮ͕ϱϳϰ͕ϭϯϲΨϭ͕ϬϬϬ͕ϬϬϭΨϯ͕ϳϵϮ͕ϮϴϵΨϭ͕ϬϬϬ͕ϬϬϭΨϰ͕ϯϬϱ͕ϰϱϬΨϭ͕ϬϬϬ͕ϬϬϭΨϯ͕ϴϮϮ͕ϬϰϳΨϴϰϭ͕ϴϰϬ Ψϭ͕ϰϲϲ͕ϴϱϱΨϯϲϯ͕ϵϰϬΨϮϭϭ͕ϭϰϴΨϮϬϭ͕ϴϬϵΨϮϳϬ͕ϳϳϳΨϭϲϱ͕ϯϳϮΨϴϰϱ͕ϵϴϮΨϯϭϲ͕ϭϵϱΨϭ͕ϲϵϲ͕ϮϰϰΨϱϬϬ͕ϬϬϬΨϮ͕ϯϯϲ͕ϭϯϭΨϲϯϱ͕ϰϬϰΨϭ͕ϳϵϵ͕ϭϰϵΨϱϰϭ͕ϬϴϰΨϭϴϮ͕ϲϮϱΨϯϬϲ͕ϯϬϯ ϭϳ͘ϲй ϯ͕ϳϲϵϵ͘ϱйϯϰϳϭϳ͘ϭйϯϯϯ͘Ϯйϴϵϰ͘ϬйϯϬϭϭϮ͘ϲйϮ͕ϲϯϰϵ͘ϴйϮϬϳϳ͘ϭйϭϱϴϲ͘ϴйϭϰϵϯϯ͘ϵйϲϳ͕Ϭϳϳϵ͘ϱй ϲϬ͕ϭϳϲϲϴ͕ϳϬϭϮ͕ϲϮϵϯ͕Ϭϴϲϭ͕ϰϱϰϭ͕ϱϳϴϯ͕Ϭϴϴϯ͕Ϯϰϴϯ͕ϮϬϵϯ͕ϲϭϮϰϯ͕ϬϮϱϰϵ͕ϵϬϰϯ͕ϱϭϮϯ͕ϳϲϰϯ͕Ϯϱϵϯ͕ϱϬϵϭ͕ϴϳϱϮ͕ϯϮϳϭ͕ϭϭϳ͕ϳϰϵϭ͕Ϯϯϵ͕ϱϮϲϭ͕ϳϯϵϰϭϬ͕Ϯϱϯϰϲϰ͕ϵϱϯ ϰ͕ϬϮϯϱ͕ϭϲϮϭϭϴϭϱϭϳϭϭϬϱϭϮϲϭϳϱϭϱϴϭϵϰϯ͕Ϯϰϭϰ͕ϭϴϲϭϯϴϭϰϰϭϳϭϮϬϳϭϮϰϭϱϮϵϭ͕ϮϮϯ ϭϬϳ͕ϮϱϬ ϯϵ͕ϳϱϵϰϯ͕ϱϮϴϮ͕ϬϮϳϮ͕ϯϳϰϭ͕ϬϮϬϭ͕ϬϱϯϮ͕ϮϱϯϮ͕ϯϰϮϮ͕ϯϴϮϮ͕ϲϴϯϮϲ͕ϴϱϯϮϵ͕ϰϴϳϮ͕ϵϬϭϯ͕ϭϬϴϮ͕ϯϮϯϮ͕ϰϴϭϰϯϵϱϴϴϳϬϳ͕ϰϵϲϳϳϰ͕ϱϳϯ ϭϴ͕ϭϰϵϮϬ͕ϮϱϲϵϮϲϭ͕ϬϯϮϰϱϯϱϬϬϵϵϴϭ͕Ϭϳϯϭ͕ϭϳϳϭ͕ϯϮϲϭϭ͕ϴϳϳϭϯ͕ϯϮϱϭ͕ϲϰϰϭ͕ϴϰϵϭ͕Ϭϳϰϭ͕ϭϱϭϮϰϴϮϵϳϮϵϴ͕ ϳϮϯϯϰϯ͕ϬϱϬϳ͕ϱϵϬϵ͕ϭϱϴϯϯϭϰϭϵϭϵϴϮϬϴϰϬϲϰϲϯϯϰϯϰϬϵϱ͕ϲϬϬϲ͕ϳϳϴϮϳϭϯϮϵϰϰϭϱϱϮϭϬϳϭϴϬϭϲϰ͕Ϭϴϲϭϴϲ͕ϳϳϰ ϮϱϮϳ͘ϮйϮϱϬϳ͘ϳйϰϱϮϮϰ͘ϭйϭϮϭ͕ϳϳϳϭϬ͘ϵйϮϭ͘ϭйϱϰ͕ϳϬϬϭϯ͘ϯй ϯϵϴ͘Ϯйϱϲϳ͘ϯйϮϳϱϮϭ͘Ϭйϯϴ͕ϲϳϯϭϮ͘ϭйϲϮϬ͘Ϭйϰϰ͕ϯϮϳϭϰ͘ϴйϮϮ͕ϲϴϴϭϯ͘ϴй Ψϱϰϳ͕ϯϴϰΨϭϲ͕ϭϭϮΨϯϯ͕ϴϲϮΨϵ͕ϴϭϳΨϲϬ͕ϱϬϱΨϭϭ͕ϵϲϱΨϭϴϰ͕ϯϰϵΨϭϵ͕ϵϰϴΨϳϰϱ͕ϲϲϰΨϱϬ͕ϬϬϬΨϭ͕Ϭϲϴ͕ϲϵϯΨϮϳ͕ϲϰϲΨϭ͕ϯϱϴ͕ϯϮϰΨϮϵ͕ϬϯϯΨϲϲϬ͕ϯϭϳΨϱϯ͕ϭϵϮ ϰϳϯϱϭϮϳϲϱϴϮϭϭ͕ϯϭϮϭ͕ϱϴϳϯϭϵ͕ϬϯϬϯϱϳ͕ϳϬϯϭϰ͕ϬϮϬϭϰ͕ϭϭϰϳϳϬϵϮϯϯϲϵϯϰϱϴϰϵϴϬϲϴϲϮϵϰϴϵ͕ϯϳϲϵ͕ϯϴϰϵϴϲϵϯϬϴϬϴϳϳϴϴϰϭϭϭϮϰϰ͕ϲϴϳϮϰϰ͕ϳϰϵ DĞĚŝĂŶ ϮϬϭϬϮϬϮϬϮϬϭϬϮϬϮϬϮϬϭϬϮϬϮϬϮϬϭϬϮϬϮϬϮϬϭϬϮϬϮϬϮϬϭϬϮϬϮϬϮϬϭϬϮϬϮϬϮϬϭϬϮϬϮϬϮϬϭϬϮϬϮϬϮϬϭϬϮϬϮϬ WĐƚ͘ dD ϳϱн ǀĞƌĂŐĞ ϰ͘ϯйϯϲϮϭ͘ϭйϮϴϮϮ͘ϲйϭϲ͕ϬϮϳ EŽ͘ DĞĚŝĂŶΎ Ͳϯ͘ϳйϮϳϯϮ͘ϭйϮ͕ϭϬϳϭϭ͘ϲйϭϬϲϭϭ͘ϰйϰϳϭϬ͘ϰйϳϱϳ͘ϱйϭϰϵϭϮ͘ϳйϭ͕ϰϰϴϭϮ͘ϮйϮϬϱϭϮ͘ϱйϳϳϳ͘Ϯйϰϵϭϵ͘ϴйϭ͕ϱϲϴϮϬ͘ϳйϴϴϮϲ͘ϲйϭϬϱ͘ϭйϱϳϭϰ͘Ϭйϲϲϭϵ͘Ϯйϭ͕ϭϳϴϮϭ͘ϬйϱϴϮϭ͘ϰйϭϭϭϮϱ͘Ϯйϳϯϲϴ͘Ϯй WĐƚ͘ DƌĞĂ ϲϱͲϳϰ Ϯϭ͘Ϭйϳϭϴ͘ϱйϭϬϮϭϮ͘ϯйϰ͕ϮϰϱϮϲ͘Ϯйϰϱϳ͘ϰйϵϮϵ͘ϴйϯϬϯ ϮϬ͕ϰϭϳϮϱ͕ϭϳϯϲϬϮϳϭϮϰϯϰϱϮϱϴϯϱϵϬϲϴϮϳϵϮϵϭϲ͕ϭϳϮϮϬ͕ϰϭϳϲϭϭϲϱϲϵϯϲϭ͕ϬϮϴϭ͕ϰϯϲ EŽ͘ ǀĞƌĂŐĞ ^ƚĞǁĂƌƚǀŝůůĞ^Ƶď͘ WĐƚ͘ DĞĚŝĂŶΎ ͲϯϬ EŽ͘ ϱϱͲϲϰ ǀĞƌĂŐĞ ZŽĐŚ&ƌŝŶŐĞ^Ƶď͘ Ͳϱ͘ϳй WĐƚ͘ Ͳϱϲ ϲ EŽ͘ DĞĚŝĂŶΎ ŐĞŽĨ,ŽƵƐĞŚŽůĚĞƌ ϴ͕ϱϮϱϭϰ͘Ϯйϰϱϳϭϳ͘ϰйϭϮϰϴ͘ϱйϭϲϬϱ͘ϮйϰϬϯϭϮ͘ϲйϲ͕ϴϳϵϭϲ͘Ϭй Ϯϵ͘Ϯй ϭϱ͘ϳйϮϮϯ͘ϭйϲϲϵ͘ϵйϯ͕ϯϬϬϮϱ͘ϱйϬ͘ϭй ϰϱͲϱϰ ϭϲ͕ϯϵϰϮϬ͕ϬϭϭϰϴϰϱϲϭϯϲϯϰϮϬϳϬϵϳϯϭϲϲϵϳϯϱϭϮ͕ϵϯϭϭϲ͕Ϯϯϭ WĐƚ͘ ZŽĐŚĞƐƚĞƌ^Ƶď͘ ǀĞƌĂŐĞ ^d/DdEdtKZd,z'K&,Kh^,K>Z ͲͲͲͲͲͲͲͲͲͲKůŵƐƚĞĚŽƵŶƚǇ^ƵďŵĂƌŬĞƚƐͲͲͲͲͲͲͲͲͲͲ ϭ͕ϭϯϵϮϴ͘ϯйϯϯϮϴ͘Ϭйϯϰϰϳ͘ϵйϰϵϯϴ͘ϵйϯϲϮϮ͘ϴйϵϰϱϴ EŽ͘ K>D^dKhEdzDZ<dZ K>D^dKhEdzDZ<dZ DĞĚŝĂŶ ,Kh^,K>dzW Ͳϱ͘ϭйϴϲϭϬ͘Ϭй WĐƚ͘ ϮϬϭϬΘϮϬϮϬ d>Ͳϭϳ EŽƌƚŚZŝǀĞƌ d>Ͳϭϴ ϯϱͲϰϰ ϮϬϮϱ ǀĞƌĂŐĞ EŽ͘ WĐƚ͘ ĂƐƚ^Ƶď͘ DĞĚŝĂŶ Ͳϰϯ ϮϱͲϯϰ EŽ͘ ǀĞƌĂŐĞ Ͳϲ͘ϱй WĐƚ͘ ŚĂƚĨŝĞůĚ^Ƶď͘ ^ŽƵƌĐĞƐ͗h͘^͘ĞŶƐƵƐ͖DE^ƚĂƚĞĞŵŽŐƌĂƉŚŝĐĞŶƚĞƌ͖^Z/͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ DĞĚŝĂŶ ϰ͕ϳϱϲϮϯ͘ϯйϭϭϬϭϴ͘ϯйϵϭ ϯ͕ϲϭϳϮϮ͘ϭйϳϳϭϱ͘ϵйϱϳͲϮϰ EŽ͘ ϭϱͲϮϰ ϵϰϬ͘ϳйϭϱϯϭϵ͘ϵй WĐƚ͘ ǇƌŽŶ^Ƶď͘ ǀĞƌĂŐĞ Z^Z,ΘKE^h>d/E' EŽ͘ ĞĚŝĂŶ Ψϭ͕ϵϯϬ͕ϰϬϮΨϱϱϬ͕ KůŵƐƚĞĚƚǇD D WĐƚ͘ ^ŽƵƌĐĞƐ͗^Z/͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ͕>> dŽƚĂů ΎDĞĚŝĂŶ/ŶĐŽŵĞĚŽĞƐŶŽƚĞǆĐĞĞĚΨϭ͕ϬϬϬ͕ϬϬϭ͘ ǀĞƌĂŐĞ EŽ͘ KůŵƐƚĞĚŽƵŶƚǇDdŽƚĂů EŽŶͲ&ĂŵŝůǇ,ŽƵƐĞŚŽůĚƐEŽŶͲ&ĂŵŝůǇ,ŽƵƐĞŚŽůĚƐ DĂƌƌŝĞĚǁͬŽŚŝůĚƌĞŶDĂƌƌŝĞĚǁͬŽŚŝůĚƌĞŶ DĂƌƌŝĞĚǁͬŚŝůĚƌĞŶDĂƌƌŝĞĚǁͬŚŝůĚƌĞŶ KƚŚĞƌ;ZŽŽŵŵĂƚĞƐͿKƚŚĞƌ;ZŽŽŵŵĂƚĞƐͿ ŚĂŶŐĞ;ϮϬϭϬͲϮϬϮϬͿ &ĂŵŝůǇ,ŽƵƐĞŚŽůĚƐ&ĂŵŝůǇ,ŽƵƐĞŚŽůĚƐ WWE/y dŽƚĂů,ŽƵƐĞŚŽůĚƐdŽƚĂů,ŽƵƐĞŚŽůĚƐ Dy&/> ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ KƚŚĞƌ&ĂŵŝůǇKƚŚĞƌ&ĂŵŝůǇ >ŝǀŝŶŐůŽŶĞ>ŝǀŝŶŐůŽŶĞ ^ƚĞǁĂƌƚǀŝůůĞ ^ƵďŵĂƌŬĞƚ DƌĞĂ ZŽĐŚĞƐƚĞƌ ŚĂƚĨŝĞůĚ ǇƌŽŶEŽƌƚŚ ĂƐƚ Ϯϳϲ WĐƚ͘ϱϭϴϬ͘ϲϭϯϲϰ͘ϳϮϲϯϵ͘ϭϮϴϲϵ͘ϴϯϳϯϭϮ͘ϴϯϵϬϭϯ͘ϰϳϰϴϮϱ͘ϳϰϰϳϭϱ͘ϰ ϱϬϳϭϰ͘ϳϰϲϲϭϯ͘ϱϵϭϮϮϲ͘ϰϱϰϳϭϱ͘ϴ ϴϴϮϯ͘Ϭϭϱϴϱ͘ϳϭϮϮϰ͘ϰϰϬϬϭϰ͘ϰϯϬϬϭϬ͘ϴϯϮϴϭϭ͘ϴϱϬϴϭϴ͘ϯϭϵϰϳ͘Ϭ ϱ͘ϵ ϵϵϲϮ͘ϲϴϳϮ͘ϯϮϰϴϲ͘ϲϱϲϵϭϱ͘ϮϴϮϱϮϮ͘Ϭϲϳϴϭϴ͘ϭϱϬϮϭϯ͘ϰϯϯϵϵ͘Ϭϭ͘ϰϯϲ ϭϳ͘ϰϭϯϲ͘ϰϰϵϮϯ͘ϰ ϵ͘ϴ ϯϳϳϮ͘ϲϭϳϰϱ͘ϵϯϯϳϭϭ͘ϯϯϳϵϭϮ͘ϴϯϮϮϭϬ͘ϴϮϴϴϵ͘ϳϳϬϰϮϯ͘ϳϯϴϱϭϯ͘Ϭ ϯϮϯϭ͘ϲϵϴϲ͘ϴϭϭϳϴ͘ϮϮϰϮϭϲ͘ϴϴϳϲ͘ϭϭϴϭϭϮ͘ϲϭϴϱϭϮ͘ϵϭϱϲϭϬ͘ϴϯ͘ϲ ϭϴϴϭϭ͘ϲϮϮϰϭϯ͘ϴϭϲϯϭϬ͘Ϭ Ϭ͘ϴϴϲϯϮ͘ϬϭϴϮϱ͘ϳϭϯϬϰ͘ϭϰϳϱϭϰ͘ϴϯϯϬϭϬ͘ϯϰϬϮϭϮ͘ϱϵϮϱϮϴ͘ϴϯϴϵϭϮ͘ϭϬ͘ϬϮϰϱϯϱ͘ϵϭϮϮϭϳ͘ϴϯϳϱ͘ϯϭϮϱϭϴ͘Ϯϯϭϰ͘ϲϰϳϲ͘ϴ ϰϭϯϭϭ͘ϯϳϯϱϮϬ͘ϭϰϯϮϭϭ͘ϴϵ͕Ϭϳϲϭ Ϯ͘ϱϴ͕ϰϱϲϭϭ͘ϲϭϬ͕ϮϱϬϭϰ͘ϭϭϯ͕ϵϮϬϭϵ͘Ϯϵ͕ϲϭϮϭϯ͘Ϯ Ϭ͘ϬϭϮϮ͘ϭϯϳϲ͘ϴϮϮϰ͘ϭϭϯϰϮϰ͘ϰϳϲϭϰ͘ϬϭϲϰϮϵ͘ϴϭϬϬϭϴ͘Ϯϭ͘Ϯϯϯϲ͘ϭϯϳϲ͘ϵϯϬϱ͘ϱϯϲϲ͘ϳϳϴϭϰ͘ϰϭϵϲϯϲ͘ϰϱϬϵ͘ϯ ϰϴϬϭϮ͘ϴϭ͕ϭϮϭϮϵ͘ϵϰϯϵϭϭ͘ϳ ϯϰϰϲ͘ϴϭ͕ϰϵϳϰ͘ϯϯ͕ϱϱϱϭϬ͘ϯϯ͕ϱϮϱϭϬ͘Ϯϯ͕ϳϱϬϭϬ͘ϴϰ͕ϭϴϰϭϮ͘ϭϱ͕ϲϲϴϭϲ͘ϰϳ͕ϬϳϴϮϬ͘ϱϮ͕ϵϳϱϴ͘ϲϯϯϳϳ͘ϯϰϵϱϮ͘ϳ ϭ͕ϭϵϵϲ͘ϲϭ͕ϴϭϵϭϬ͘ϬϮ͕ϱϳϱϭϰ͘ϭϭ͕ϳϰϲϵ͘ϲϭ͕ϵϮϯϭϬ͘ϱϮ͕ϳϭϬϭϰ͘ϴϰ͕ϰϲϵϮϰ͘ϱ ϱ͕ϯϰϱϭϬ͘ϭϲ͕ϯϮϰϭϮ͘Ϭϱ͕ϵϯϬϭϭ͘Ϯϳ͕ϱϵϭϭϰ͘ϰϵ͕ϳϴϴϭϴ͘ϱϳ͕ϰϰϱϭϰ͘ϭ ϲϲϮϵ͘Ϭϭ͕ϴϱϳϯ͘ϲϰ͕ϯϵϬϴ͘ϱϰ͕ϳϰϰϵ͘Ϯϲ͕ϭϬϬϭϭ͘ϴϲ͕ϰϮϬϭϮ͘ϰϳ͕ϵϯϲϭϱ͘ϰϭϬ͕ϲϰϵϮϬ͘ϲϰ͕ϴϴϲϵ͘ϱϱϴϰϳ͘ϱϱ ϯϭϮ͘ϱϭ͕ϯϯϬϲ͘ϯϮ͕ϮϲϮϭϬ͘ϴϮ͕ϵϳϲϭϰ͘ϮϮ͕Ϭϯϱϵ͘ϳϮ͕ϯϭϱϭϭ͘Ϭϯ͕ϮϳϬϭϱ͘ϱϰ͕ϳϮϲϮϮ͘ϱ ϮϬϭϬŽƌůĂƚĞƌ EŽ͘ϳϱ ϱϱϰϭϲ͘ϱϯϳϵϭϭ͘ϯϯϵϴϭϭ͘ϴϲϮϰϭϴ͘ϱϭϵϵ ϱϴϭϭϰ͘ϳϴϮϴϮϬ͘ϵϳϭϱϭϴ͘Ϭϱϭϲϭϯ͘Ϭϯϴϳ WĐƚ͘ϯ͘ϲϰϬϮϬ͘ϲ Ϭ͘ϴϰϴϴ͘Ϯϳϳϭϯ͘ϮϭϱϱϮϲ͘ϱϳϵϭϯ͘ϲϳϬϭϭ͘ϵϭϭϲϭϵ͘ϴ ϮϬϬϬƐ EŽ͘ WĐƚ͘ ϭϵϵϬƐ EŽ͘ϳ Ϭ͘Ϭ ϵ͘ϴϵ͘ϴ WĐƚ͘ϱ͘ϯ ϭϵϴϬƐ EŽ͘Ϭ ϱϬϰϭϯ͘ϰϯϲϲϱϴϮϭϱ͘ϵϱϬϭϭϯ͘ϳϯϱϵ ϯϬϮϭϴ͘ϱϴϳ ϯ ϴ͘ϵ ϯ͘ϲϲϬϯϭ͘ϱ zĞĂƌhŶŝƚƵŝůƚ WĐƚ͘ϭ͘ϰϯϵϭϴ͘ϴϯϴϭϴ͘ϯϭϮϲ͘Ϭ ϭϵϳϬƐ EŽ͘ϯϬϴ K>D^dKhEdzDZ<dZ 'K&,Kh^/E'^dK< ϳ͘ϲϱ͘ϵϵ͘ϲ WĐƚ͘ϴ͘ϳϰ͘ϱϳ͘Ϯ ϭϵϲϬƐ d>,Ͳϯ EŽ͘ϭϮϰϮϬϬϮϴϲϳ͕ϬϬϱ ϯϬϭ ϳ ϭϲϳ ϮϬϮϱ ϲ͘Ϭϵ͘Ϭϰ͘ϴϳ͘ϵ WĐƚ͘ϰ͘ϯ Ϭ͘Ϭ ϲ͘ϭϱ͘ϳϯ͘Ϯ ϭϵϱϬƐ ϵϴϰ͕ϳϱϰ EŽ͘ϭϰϴ Ϭ ϮϬϲϭϮϲ Ϭ ϭϳϰϱ͕ϳϮϭ Ϯϭϱ ^ŽƵƌĐĞƐ͗h͘^͘ĞŶƐƵƐƵƌĞĂƵͲŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ^ƵƌǀĞǇ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Ϯ͘ϲϮ͘ϲϭ͘ϴϯ͘ϴ WĐƚ͘Ϭ͘ϱ ϯϭϵϵ͘ϳ Ϯ͘ϱϮ͘Ϯϯ͘ϯ Ϭ͘ϲ ϭϵϰϬƐ ϭϴϯϲϵϳϵϵϮ͕ϯϴϴ EŽ͘Ϭ ϲϰϮϰϴϳϭ͕ϵϵϮ ϰ ϰϴϭ ϱϲϯ ͘ϯ ϰ ϳ͘Ϭϴ͘ϲ WĐƚ͘ϲϮϵϴ Ϭ͘ϱϮϮϳ͘ϭ͕ϲϯϬϭϵϳϰϰϬϭϮϰ͘ϯϬϱ͘ϯ͕ϯϲϲϭϵϳϵϳϮϬϮϭ͘ϳϯϭϯ͘ϯ͕ϳϱϭϭϵϵϭϯϴϴϭϬ͘ϭϰϲ͘ϯ͕ϵϲϭϭϵϴϱϰϮϯϭϬ͘ϳϰϭϬ͘ϯ͕ϲϱϵϭϵϴϯϯϴϭϭϬ͘ Ϯϰϴϴ͘ϯϰϵϮϰ͘ϲϴϵϮϰ͘ϯϭϲϵ͘ϰϬϵϭϬ͘ϯϬϳϭϬ͘ ϳ фϭϵϰϬ dĂďůĞƐ Ž͘Ϯϰϲ ϯ ϯ͕ϰϱϳϭϵϵϯϮϱϭϲϴϮ Dy&/>Z^Z,ΘKE^h>d/E' E Ϯ͕ϭ͕ϱϮ͕ϴϱϬϭϵϴϳϯ͕ϰ͕ϭ͕ϳϮ͕ϲϳϰϭϵϴϳϲ͕ DĞĚ͘zƌ͘ ,ŽƵƐŝŶŐŚĂƌĂĐƚĞƌŝƐƟĐƐ ϭϵϴϬϭϵϵϬ hŶŝƚƐƵŝůƚ ϭϵϵϯϭϵϵϴϭϵϳϲϭϵϵϴϭϵϳϴϭϴϮϭϭϵϵϯϭϵϴϲϭϵϴϱϭϵϮϱϭϵϴϲϭϵϳϮϭϵϳϲ ϭϵϴϵ ZĞŶƚĞƌͲKĐĐƵƉŝĞĚϱϰϬZĞŶƚĞƌͲKĐĐƵƉŝĞĚϭϴ͕Ϯϳϰϯ͕ϳϱϰϮ͕ϵϳϰϱϭ͕ϲϰϰZĞŶƚĞƌͲKĐĐƵƉŝĞĚϮϭ͕ϬϯϬ Ϯ͕ϵϬϵZĞŶƚĞƌͲKĐĐƵƉŝĞĚϱϰϴϭ͕ϰϯϴZĞŶƚĞƌͲKĐĐƵƉŝĞĚϭϵϮϮ͕ϳϴϭZĞŶƚĞƌͲKĐĐƵƉŝĞĚϱϴϱϯ͕Ϯϭϭϯϰ͕ϱϳϲZĞŶƚĞƌͲKĐĐƵƉŝĞĚϮϬϳZĞŶƚĞƌͲKĐĐƵƉŝĞĚϲϴϱ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚ dŽƚĂů ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚ ǇƌŽŶ^ƵďŵĂƌŬĞƚEŽƌƚŚ^ƵďŵĂƌŬĞƚ KǁŶĞƌͲKĐĐƵƉŝĞĚKǁŶĞƌͲKĐĐƵƉŝĞĚKǁŶĞƌͲKĐĐƵƉŝĞĚKǁŶĞƌͲKĐĐƵƉŝĞĚKǁŶĞƌͲKĐĐƵƉŝĞĚKǁŶĞƌͲKĐĐƵƉŝĞĚKǁŶĞƌͲKĐĐƵƉŝĞĚKǁŶĞƌͲKĐĐƵƉŝĞĚ WWE/y ĂƐƚ^ƵďŵĂƌŬĞƚ dŽƚĂůdŽƚĂůdŽƚĂůdŽƚĂůdŽƚĂůdŽƚĂůdŽƚĂůdŽƚĂů WWE/y d>,Ͳϰ ZEdZͲKhW/hE/d^zKEdZdZEd K>D^dKhEdzDZ<dZ ϮϬϮϱ ǇƌŽŶ^Ƶď͘ŚĂƚĨŝĞůĚ^Ƶď͘ĂƐƚ^Ƶď͘ ŽŶƚƌĂĐƚZĞŶƚ EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ EŽĂƐŚZĞŶƚϮϰϰ͘ϳϰϭϭϮ͘ϳϰϳϳ͘ϰ ĂƐŚZĞŶƚϰϵϬϵϱ͘ϯϮϴϯϴϳ͘ϯϱϵϳϵϮ͘ϲ ΨϬƚŽΨϮϰϵϮϬ͘ϰϰϭ͘Ϯϭϭϭ͘ϳ ΨϮϱϬͲΨϰϵϵϰϭϳ͘ϵϳϵϮϰ͘Ϯϰϯϲ͘ϳ ΨϱϬϬͲΨϳϰϵϮϳϱ͘ϮϭϯϮϰϬ͘ϲϮϳϴϰϯ͘Ϯ ΨϳϱϬͲΨϵϵϵϮϰϵϰϴ͘ϰϲϳϮϬ͘ϲϮϮϭϯϰ͘ϯ Ψϭ͕ϬϬϬнϭϳϭϯϯ͘ϯϮϬ͘ϲϰϯϲ͘ϳ dŽƚĂůϱϭϰϭϬϬ͘ϬϯϮϰϭϬϬ͘ϬϲϰϰϭϬϬ͘Ϭ ΨϴϬϲΨϲϱϲΨϳϴϯ DĞĚŝĂŶŽŶƚƌĂĐƚZĞŶƚ EŽƌƚŚ^Ƶď͘ZŽĐŚĞƐƚĞƌ^Ƶď͘ZŽĐŚ͘&ƌŝŶŐĞ^Ƶď͘ ŽŶƚƌĂĐƚZĞŶƚ EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ EŽĂƐŚZĞŶƚϯϯϱ͘ϵϲϱϭϯ͘ϮϮϭϭϭ͘Ϭ ĂƐŚZĞŶƚϱϯϬϵϰ͘ϭϭϵ͕ϳϬϲϵϲ͘ϴϭϳϭϴϵ͘Ϭ ΨϬƚŽΨϮϰϵϭϮϮ͘ϮϳϮϴϯ͘ϲϬϬ͘Ϭ ΨϮϱϬͲΨϰϵϵϭϵϯ͘ϰϳϭϵϯ͘ϱϰϭ͘ϴ ΨϱϬϬͲΨϳϰϵϳϲϭϯ͘ϰϭ͕ϴϮϱϵ͘ϬϰϯϮϮ͘ϱ ΨϳϱϬͲΨϵϵϵϮϭϰϯϳ͘ϵϰ͕ϭϬϯϮϬ͘ϮϱϲϮϵ͘ϰ Ψϭ͕ϬϬϬнϮϬϵϯϳ͘ϮϭϮ͕ϯϯϮϲϬ͘ϲϲϴϯϱ͘ϯ dŽƚĂůϱϲϯϭϬϬ͘ϬϮϬ͕ϯϱϳϭϬϬ͘ϬϭϵϮϭϬϬ͘Ϭ Ψϭ͕ϬϬϲΨϭ͕ϭϵϭΨϵϯϵ DĞĚŝĂŶŽŶƚƌĂĐƚZĞŶƚ ^ƚĞǁĂƌƚǀŝůůĞ^Ƶď͘KůŵƐƚĞĚƚǇ͘D ŽŶƚƌĂĐƚZĞŶƚ EŽ͘WĐƚ͘EŽ͘WĐƚ͘ EŽĂƐŚZĞŶƚϴϮϭϭ͘ϵϵϬϬϯ͘ϵ ĂƐŚZĞŶƚϲϭϯϴϴ͘ϭϮϮ͕ϯϴϵϵϲ͘ϭ ΨϬƚŽΨϮϰϵϰϴϳ͘Ϭ ϴϬϱ ϯ͘ϱ ΨϮϱϬͲΨϰϵϵϴϬϭϭ͘ϲ ϵϴϱ ϰ͘Ϯ ΨϱϬϬͲΨϳϰϵϱϬϳ͘ϯ Ϯ͕ϰϯϭ ϭϬ͘ϰ ΨϳϱϬͲΨϵϵϵϮϯϱϯϯ͘ϴ ϱ͕ϭϰϰ ϮϮ͘ϭ Ψϭ͕ϬϬϬнϭϵϵϮϴ͘ϲ ϭϯ͕ϬϮϰ ϱϱ͘ϵ dŽƚĂůϲϵϱϭϬϬ͘ϬϮϯ͕ϮϴϵϭϬϬ͘Ϭ DĞĚŝĂŶŽŶƚƌĂĐƚZĞŶƚΨϵϬϰΨϭ͕ϭϱϬ ^ŽƵƌĐĞƐ͗h͘^͘ĞŶƐƵƐƵƌĞĂƵͲŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ^ƵƌǀĞǇ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϳϳ WWE/y d>,Ͳϱ KtEZͲKhW/hE/d^zs>h K>D^dKhEdzDZ<dZ ϮϬϮϱ ǇƌŽŶ^Ƶď͘ŚĂƚĨŝĞůĚ^Ƶď͘ĂƐƚ^Ƶď͘ ,ŽŵĞsĂůƵĞ EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ >ĞƐƐƚŚĂŶΨϱϬ͕ϬϬϬϲϰϮ͘Ϯϳϯϱ͘ϲϴϴϯ͘Ϯ ΨϱϬ͕ϬϬϬͲΨϵϵ͕ϵϵϵϲϳϮ͘ϯϮϱϭ͘ϵϳϬϮ͘ϲ ΨϭϬϬ͕ϬϬϬͲΨϭϰϵ͕ϵϵϵϱϯϭ͘ϴϭϮϬϵ͘ϮϯϯϱϭϮ͘ϯ ΨϭϱϬ͕ϬϬϬͲΨϭϵϵ͕ϵϵϵϭϮϳϰ͘ϯϮϴϬϮϭ͘ϰϯϮϲϭϮ͘Ϭ ΨϮϬϬ͕ϬϬϬͲΨϮϰϵ͕ϵϵϵϯϯϬϭϭ͘ϮϮϰϬϭϴ͘ϰϯϲϳϭϯ͘ϱ ΨϮϱϬ͕ϬϬϬͲΨϮϵϵ͕ϵϵϵϰϯϳϭϰ͘ϵϭϭϳϵ͘ϬϱϮϲϭϵ͘ϯ ΨϯϬϬ͕ϬϬϬͲΨϯϵϵ͕ϵϵϵϳϲϬϮϱ͘ϴϭϵϰϭϰ͘ϵϱϬϴϭϴ͘ϳ ΨϰϬϬ͕ϬϬϬͲΨϰϵϵ͕ϵϵϵϰϱϭϭϱ͘ϯϭϬϲϴ͘ϭϮϭϯϳ͘ϴ 'ƌĞĂƚĞƌƚŚĂŶΨϱϬϬ͕ϬϬϬϲϱϰϮϮ͘Ϯϭϱϭϭϭ͘ϲϮϴϴϭϬ͘ϲ dŽƚĂůϮ͕ϵϰϯϭϬϬ͘Ϭϭ͕ϯϬϲϭϬϬ͘ϬϮ͕ϳϮϮϭϬϬ͘Ϭ ΨϯϱϮ͕ϲϴϰΨϮϲϭ͕ϳϰϮΨϮϱϰ͕ϯϲϰ DĞĚŝĂŶ,ŽŵĞsĂůƵĞ EŽƌƚŚ^Ƶď͘ZŽĐŚĞƐƚĞƌ^Ƶď͘ZŽĐŚ͘&ƌŝŶŐĞ^Ƶď͘ ,ŽŵĞsĂůƵĞ EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ >ĞƐƐƚŚĂŶΨϱϬ͕ϬϬϬϭϲϱϱ͘Ϯϭ͕Ϭϳϲϯ͘ϯϭϴϮϰ͘ϴ ΨϱϬ͕ϬϬϬͲΨϵϵ͕ϵϵϵϮϭϬ͘ϳϯϲϰϭ͘ϭϵϵϮ͘ϲ ΨϭϬϬ͕ϬϬϬͲΨϭϰϵ͕ϵϵϵϴϬϮ͘ϱϭ͕ϱϴϱϰ͘ϵϰϱϭ͘Ϯ ΨϭϱϬ͕ϬϬϬͲΨϭϵϵ͕ϵϵϵϮϮϴϳ͘ϭϯ͕ϲϮϴϭϭ͘ϮϭϮϱϯ͘ϯ ΨϮϬϬ͕ϬϬϬͲΨϮϰϵ͕ϵϵϵϮϲϮϴ͘Ϯϱ͕ϲϯϳϭϳ͘ϯϮϰϱϲ͘ϱ ΨϮϱϬ͕ϬϬϬͲΨϮϵϵ͕ϵϵϵϭϵϲϲ͘ϭϱ͕Ϯϳϰϭϲ͘Ϯϭϴϱϰ͘ϵ ΨϯϬϬ͕ϬϬϬͲΨϯϵϵ͕ϵϵϵϲϳϴϮϭ͘ϯϲ͕Ϯϰϯϭϵ͘ϮϰϬϮϭϬ͘ϳ ΨϰϬϬ͕ϬϬϬͲΨϰϵϵ͕ϵϵϵϰϴϭϭϱ͘ϭϯ͕ϵϳϱϭϮ͘ϮϳϲϮϮϬ͘Ϯ 'ƌĞĂƚĞƌƚŚĂŶΨϱϬϬ͕ϬϬϬϭ͕Ϭϳϴϯϯ͘ϴϰ͕ϳϭϭϭϰ͘ϱϭ͕ϳϮϰϰϱ͘ϳ dŽƚĂůϯ͕ϭϴϴϭϬϬ͘ϬϯϮ͕ϰϵϯϭϬϬ͘Ϭϯ͕ϳϲϵϭϬϬ͘Ϭ ΨϯϵϬ͕ϴϴϳΨϮϴϳ͕ϱϬϬΨϱϰϳ͕ϱϱϲ DĞĚŝĂŶ,ŽŵĞsĂůƵĞ ^ƚĞǁĂƌƚǀŝůůĞ^Ƶď͘KůŵƐƚĞĚƚǇD ,ŽŵĞsĂůƵĞ EŽ͘WĐƚ͘EŽ͘WĐƚ͘ >ĞƐƐƚŚĂŶΨϱϬ͕ϬϬϬϮϭϬϳ͘ϭϭ͕ϴϱϵϯ͘ϴ ΨϱϬ͕ϬϬϬͲΨϵϵ͕ϵϵϵϭϳϮϱ͘ϴϴϭϴϭ͘ϳ ΨϭϬϬ͕ϬϬϬͲΨϭϰϵ͕ϵϵϵϭϰϮϰ͘ϴϮ͕ϯϲϮϰ͘ϴ ΨϭϱϬ͕ϬϬϬͲΨϭϵϵ͕ϵϵϵϮϮϴϳ͘ϳϰ͕ϵϰϭϭϬ͘Ϭ ΨϮϬϬ͕ϬϬϬͲΨϮϰϵ͕ϵϵϵϰϬϴϭϯ͘ϴϳ͕ϰϴϵϭϱ͘Ϯ ΨϮϱϬ͕ϬϬϬͲΨϮϵϵ͕ϵϵϵϰϴϵϭϲ͘ϱϳ͕ϮϮϱϭϰ͘ϲ ΨϯϬϬ͕ϬϬϬͲΨϯϵϵ͕ϵϵϵϰϯϭϭϰ͘ϱϵ͕Ϯϭϲϭϴ͘ϳ ΨϰϬϬ͕ϬϬϬͲΨϰϵϵ͕ϵϵϵϯϵϲϭϯ͘ϰϲ͕ϯϴϰϭϮ͘ϵ 'ƌĞĂƚĞƌƚŚĂŶΨϱϬϬ͕ϬϬϬϰϴϳϭϲ͘ϰϵ͕ϬϵϮϭϴ͘ϰ dŽƚĂůϮ͕ϵϲϰϭϬϬ͘Ϭϰϵ͕ϯϴϱϭϬϬ͘Ϭ ΨϯϬϴ͕ϰϵϳΨϯϭϲ͕ϲϭϲ DĞĚŝĂŶ,ŽŵĞsĂůƵĞ ^ŽƵƌĐĞƐ͗h͘^͘ĞŶƐƵƐƵƌĞĂƵͲŵĞƌŝĐĂŶŽŵŵƵŶŝƚǇ^ƵƌǀĞǇ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϳϴ WWE/y d>,Ͳϲ ,Kh^/E'hE/d^z^dZhdhZΘdEhZ K>D^dKhEdzDZ<dZ ϮϬϮϱ ǇƌŽŶ^ƵďŵĂƌŬĞƚŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚĂƐƚ^ƵďŵĂƌŬĞƚ KǁŶĞƌͲZĞŶƚĞƌͲKǁŶĞƌͲZĞŶƚĞƌͲKǁŶĞƌͲZĞŶƚĞƌͲ hŶŝƚƐŝŶ^ƚƌƵĐƚƵƌĞKĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘ ϭ͕ĚĞƚĂĐŚĞĚϮ͕ϳϬϵϵϮ͘Ϭйϭϴϰϯϱ͘ϵйϭ͕ϭϬϱϴϰ͘ϲйϲϳϮϬ͘ϲйϮ͕ϱϱϬϵϯ͘ϳйϭϱϵϮϵ͘Ϭй ϭ͕ĂƚƚĂĐŚĞĚϮϬϯϲ͘ϵйϴϮϭϱ͘ϵйϭϯϲϭϬ͘ϰйϮϰϳ͘ϯйϭϬϱϯ͘ϵйϭϵϯ͘ϱй ϮϬϬ͘ϬйϬϬ͘ϬйϬϬ͘Ϭйϯϳϭϭ͘ϱйϭϬ͘Ϭйϴϯϭϱ͘ϭй ϯƚŽϰϬϬ͘ϬйϭϮϮ͘ϯйϬϬ͘ϬйϯϯϭϬ͘ϯйϲϬ͘ϮйϭϵϮϯϱ͘Ϯй ϱƚŽϵϬϬ͘Ϭйϯϴϳ͘ϰйϬϬ͘Ϭйϯϭϵ͘ϳйϬϬ͘ϬйϮϱϰ͘ϲй ϭϬƚŽϭϵϬϬ͘ϬйϵϬϭϳ͘ϰйϬϬ͘ϬйϳϯϮϮ͘ϰйϬϬ͘ϬйϰϬϳ͘ϯй ϮϬƚŽϰϵϬϬ͘ϬйϱϰϭϬ͘ϱйϬϬ͘ϬйϰϭϭϮ͘ϳйϬϬ͘ϬйϮϯϰ͘ϯй ϱϬŽƌŵŽƌĞϬϬ͘Ϭйϰϵϵ͘ϱйϬϬ͘ϬйϬϬ͘ϬйϬϬ͘ϬйϬϬ͘Ϭй DŽďŝůĞŚŽŵĞϯϭϭ͘ϭйϲϭ͘Ϯйϲϰϰ͘ϵйϭϴϱ͘ϱйϱϵϮ͘Ϯйϲϭ͘ϭй ŽĂƚ͕Zs͕ǀĂŶ͕ĞƚĐ͘ϬϬ͘ϬйϬϬ͘ϬйϬϬ͘ϬйϬϬ͘ϬйϬϬ͘ϬйϬϬ͘Ϭй dŽƚĂůϮ͕ϵϰϯϭϬϬйϱϭϰϭϬϬйϭ͕ϯϬϲϭϬϬйϯϮϰϭϬϬйϮ͕ϳϮϮϭϬϬйϱϰϲϭϬϬй EŽƌƚŚ^ƵďŵĂƌŬĞƚZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚZŽĐŚ͘&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚ KǁŶĞƌͲZĞŶƚĞƌͲKǁŶĞƌͲZĞŶƚĞƌͲKǁŶĞƌͲZĞŶƚĞƌͲ hŶŝƚƐŝŶ^ƚƌƵĐƚƵƌĞKĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘ ϭ͕ĚĞƚĂĐŚĞĚϮ͕ϵϰϲϵϮ͘ϰйϭϮϰϮϭ͘ϵйϮϳ͕ϰϳϱϴϰ͘ϲйϯ͕ϰϴϵϭϱ͘Ϭйϯ͕ϯϭϱϴϴ͘ϬйϲϮϯϮ͘ϭй ϭ͕ĂƚƚĂĐŚĞĚϱϰϭ͘ϳйϴϭϭϰ͘ϰйϯ͕Ϭϳϴϵ͘ϱйϮ͕ϭϳϵϵ͘ϰйϲϬ͘ϮйϬϬ͘Ϭй ϮϰϬ͘ϭйϯϲϲ͘ϯйϭϬϴϬ͘ϯйϵϰϬϰ͘ϬйϮϬϮϱ͘ϯйϬϬ͘Ϭй ϯƚŽϰϬϬ͘Ϭйϵϭ͘ϲйϮϴϭϬ͘ϵйϯ͕ϰϳϴϭϰ͘ϵйϬϬ͘ϬйϬϬ͘Ϭй ϱƚŽϵϬϬ͘ϬйϭϬϭϭϴ͘ϬйϭϮϲϬ͘ϰйϭ͕ϲϲϮϳ͘ϭйϬϬ͘Ϭйϭϴϵ͘ϲй ϭϬƚŽϭϵϬϬ͘Ϭйϴϭ͘ϰйϵϭϬ͘ϯйϮ͕ϬϱϮϴ͘ϴйϬϬ͘ϬйϬϬ͘Ϭй ϮϬƚŽϰϵϬϬ͘ϬйϭϱϰϮϳ͘ϯйϮϱϲϬ͘ϴйϮ͕ϳϰϳϭϭ͘ϴйϬϬ͘ϬйϬϬ͘Ϭй ϱϬŽƌŵŽƌĞϬϬ͘ϬйϬϬ͘Ϭйϰϲϴϭ͘ϰйϲ͕ϲϰϭϮϴ͘ϱйϬϬ͘ϬйϳϮϯϳ͘ϲй DŽďŝůĞŚŽŵĞϭϴϰϱ͘ϴйϱϭϵ͘ϭйϱϴϯϭ͘ϴйϮϰϬ͘ϭйϮϰϲϲ͘ϱйϰϬϮϬ͘ϲй ŽĂƚ͕Zs͕ǀĂŶ͕ĞƚĐ͘ϬϬ͘ϬйϬϬ͘ϬйϮϲϬ͘ϭйϳϳϬ͘ϯйϬϬ͘ϬйϬϬ͘Ϭй dŽƚĂůϯ͕ϭϴϴϭϬϬйϱϲϯϭϬϬйϯϮ͕ϰϵϯϭϬϬйϮϯ͕ϮϴϵϭϬϬйϯ͕ϳϲϵϭϬϬйϭϵϮϭϬϬй ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚKůŵƐƚĞĚŽƵŶƚǇD KǁŶĞƌͲZĞŶƚĞƌͲKǁŶĞƌͲZĞŶƚĞƌͲ hŶŝƚƐŝŶ^ƚƌƵĐƚƵƌĞKĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘KĐĐƵƉŝĞĚWĐƚ͘ ϭ͕ĚĞƚĂĐŚĞĚϮ͕ϰϵϮϴϰ͘ϭйϭϲϮϮϯ͘ϯйϰϮ͕ϱϵϯϴϲ͘Ϯйϰ͕Ϯϰϱϭϲ͘ϯй 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^ƚĞǁĂƌƚǀŝůůĞ͕DEϱϳϱϮϯ͘ϯй^ƚĞǁĂƌƚǀŝůůĞ͕DEϲϮϮϭϮ͘ϳй ^ƉƌŝŶŐsĂůůĞǇ͕DEϲϭϮ͘ϱйDŝŶŶĞĂƉŽůŝƐ͕DEϵϬϭ͘ϴй ƵƐƚŝŶ͕DEϱϮϮ͘ϭйǇƌŽŶ͕DEϰϱϬ͘ϵй 'ƌĂŶĚDĞĂĚŽǁ͕DEϯϲϭ͘ϱй^ƚ͘ŚĂƌůĞƐ͕DEϰϰϬ͘ϵй ŚĂƚĨŝĞůĚ͕DEϯϰϭ͘ϰй^ƚ͘WĂƵů͕DEϯϵϬ͘ϴй ^ƚ͘ŚĂƌůĞƐ͕DEϮϵϭ͘ϮйtŝŶŽŶĂ͕DEϯϰϬ͘ϳй ǇƌŽŶ͕DEϮϴϭ͘ϭйůŽŽŵŝŶŐƚŽŶ͕DEϯϮϬ͘ϳй <ĂƐƐŽŶ͕DEϮϭϬ͘ϴйƵƐƚŝŶ͕DEϯϬϬ͘ϲй ǇŽƚĂ͕DEϮϬϬ͘ϴйĚĞŶWƌĂŝƌŝĞ͕DEϯϬϬ͘ϲй ůůKƚŚĞƌ>ŽĐĂƚŝŽŶƐϵϳϵϯϵ͘ϲйůůKƚŚĞƌ>ŽĐĂƚŝŽŶƐϭ͕ϬϭϴϮϬ͘ϴй ,ŽŵĞĞƐƚŝŶĂƚŝŽŶ͗tŚĞƌĞǁŽƌŬĞƌƐůŝǀĞǁŚŽĂƌĞĞŵƉůŽǇĞĚŝŶƚŚĞƐĞůĞĐƚŝŽŶĂƌĞĂ͘ tŽƌŬĞƐƚŝŶĂƚŝŽŶ͗tŚĞƌĞǁŽƌŬĞƌƐĂƌĞĞŵƉůŽǇĞĚǁŚŽůŝǀĞŝŶƚŚĞƐĞůĞĐƚŝŽŶĂƌĞĂ͘ ^ŽƵƌĐĞƐ͗h͘^͘ĞŶƐƵƐƵƌĞĂƵ>ŽĐĂůŵƉůŽǇŵĞŶƚǇŶĂŵŝĐƐ͕DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϮϴϮ WWE/y d>ͲϭϬ /E&>KtͬKhd&>Kt,ZdZ/^d/^ K>D^dKhEdzDZ<dZ ϮϬϮϮ KƵƚĨůŽǁ/ŶĨůŽǁ/ŶƚĞƌŝŽƌ&ůŽǁ ǇƌŽŶ^ƵďŵĂƌŬĞƚϰ͕ϱϬϭϳϬ͘ϭйϭ͕ϱϬϴϮϯ͘ϱйϰϭϯϲ͘ϰй ǇŐĞ tŽƌŬĞƌƐŐĞĚϮϵŽƌǇŽƵŶŐĞƌϴϱϲϭϵйϰϱϯϯϬйϭϰϬϯϰй tŽƌŬĞƌƐŐĞĚϯϬƚŽϱϰϮ͕ϲϬϲϱϴйϳϱϮϱϬйϮϬϮϰϵй tŽƌŬĞƌƐŐĞĚϱϱŽƌŽůĚĞƌϭ͕ϬϯϵϮϯйϯϬϯϮϬйϳϭϭϳй ǇDŽŶƚŚůǇtĂŐĞ tŽƌŬĞƌƐĂƌŶŝŶŐΨϭ͕ϮϱϬƉĞƌŵŽŶƚŚŽƌůĞƐƐϲϰϬϭϰйϯϮϵϮϮйϭϰϰϯϱй tŽƌŬĞƌƐĂƌŶŝŶŐΨϭ͕ϮϱϭƚŽΨϯ͕ϯϯϯƉĞƌŵŽŶƚŚϲϱϯϭϱйϯϲϯϮϰйϭϬϬϮϰй tŽƌŬĞƌƐĂƌŶŝŶŐDŽƌĞƚŚĂŶΨϯ͕ϯϯϯƉĞƌŵŽŶƚŚϯ͕ϮϬϴϳϭйϴϭϲϱϰйϭϲϵϰϭй Ǉ/ŶĚƵƐƚƌǇ Η'ŽŽĚƐWƌŽĚƵĐŝŶŐΗϱϲϲϭϯйϱϰϱϯϲйϳϭϭϳй ΗdƌĂĚĞ͕dƌĂŶƐƉŽƌƚĂƚŝŽŶ͕ĂŶĚhƚŝůŝƚŝĞƐΗϱϱϱϭϮйϮϭϱϭϰйϵϴϮϰй ΗůůKƚŚĞƌ^ĞƌǀŝĐĞƐΗϯ͕ϯϴϬϳϱйϳϰϴϱϬйϮϰϰϱϵй ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚϭ͕ϵϯϭϲϬ͘ϭйϭ͕Ϭϲϯϯϯ͘ϭйϮϮϬϲ͘ϴй ǇŐĞ tŽƌŬĞƌƐŐĞĚϮϵŽƌǇŽƵŶŐĞƌϰϭϱϮϭйϮϯϴϮϮйϲϵϯϭй tŽƌŬĞƌƐŐĞĚϯϬƚŽϱϰϭ͕ϬϯϬϱϯйϱϭϮϰϴйϭϬϬϰϱй tŽƌŬĞƌƐŐĞĚϱϱŽƌŽůĚĞƌϰϴϲϮϱйϯϭϯϮϵйϱϭϮϯй ǇDŽŶƚŚůǇtĂŐĞ tŽƌŬĞƌƐĂƌŶŝŶŐΨϭ͕ϮϱϬƉĞƌŵŽŶƚŚŽƌůĞƐƐϯϮϭϭϳйϮϴϮϮϳйϴϬϯϲй tŽƌŬĞƌƐĂƌŶŝŶŐΨϭ͕ϮϱϭƚŽΨϯ͕ϯϯϯƉĞƌŵŽŶƚŚϯϰϭϭϴйϮϯϭϮϮйϱϱϮϱй tŽƌŬĞƌƐĂƌŶŝŶŐDŽƌĞƚŚĂŶΨϯ͕ϯϯϯƉĞƌŵŽŶƚŚϭ͕ϮϲϵϲϲйϱϱϬϱϮйϴϱϯϵй Ǉ/ŶĚƵƐƚƌǇ Η'ŽŽĚƐWƌŽĚƵĐŝŶŐΗϯϮϮϭϳйϯϳϵϯϲйϳϮϯϯй ΗdƌĂĚĞ͕dƌĂŶƐƉŽƌƚĂƚŝŽŶ͕ĂŶĚhƚŝůŝƚŝĞƐΗϯϰϰϭϴйϮϭϬϮϬйϰϱϮϬй ΗůůKƚŚĞƌ^ĞƌǀŝĐĞƐΗϭ͕ϮϲϱϲϲйϰϳϰϰϱйϭϬϯϰϳй ĂƐƚ^ƵďŵĂƌŬĞƚϯ͕ϵϰϰϲϯ͘ϱйϭ͕ϲϲϱϮϲ͘ϴйϲϬϭϵ͘ϳй ǇŐĞ tŽƌŬĞƌƐŐĞĚϮϵŽƌǇŽƵŶŐĞƌϴϯϮϮϭйϯϳϯϮϮйϭϳϱϮϵй tŽƌŬĞƌƐŐĞĚϯϬƚŽϱϰϮ͕ϭϱϴϱϱйϴϵϮϱϰйϮϲϱϰϰй tŽƌŬĞƌƐŐĞĚϱϱŽƌŽůĚĞƌϵϱϰϮϰйϰϬϬϮϰйϭϲϭϮϳй ǇDŽŶƚŚůǇtĂŐĞ tŽƌŬĞƌƐĂƌŶŝŶŐΨϭ͕ϮϱϬƉĞƌŵŽŶƚŚŽƌůĞƐƐϲϯϯϭϲйϯϴϵϮϯйϮϭϴϯϲй tŽƌŬĞƌƐĂƌŶŝŶŐΨϭ͕ϮϱϭƚŽΨϯ͕ϯϯϯƉĞƌŵŽŶƚŚϲϮϱϭϲйϯϰϴϮϭйϭϲϰϮϳй tŽƌŬĞƌƐĂƌŶŝŶŐDŽƌĞƚŚĂŶΨϯ͕ϯϯϯƉĞƌŵŽŶƚŚϮ͕ϲϴϲϲϴйϵϮϴϱϲйϮϭϵϯϲй Ǉ/ŶĚƵƐƚƌǇ Η'ŽŽĚƐWƌŽĚƵĐŝŶŐΗϲϳϴϭϳйϮϲϴϭϲйϭϬϯϭϳй ΗdƌĂĚĞ͕dƌĂŶƐƉŽƌƚĂƚŝŽŶ͕ĂŶĚhƚŝůŝƚŝĞƐΗϲϬϱϭϱйϯϮϴϮϬйϭϱϭϮϱй ΗůůKƚŚĞƌ^ĞƌǀŝĐĞƐΗϮ͕ϲϲϭϲϳйϭ͕Ϭϲϵϲϰйϯϰϳϱϴй dĂďůĞŽŶƚŝŶƵĞĚ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϴϯ WWE/y d>ͲϭϬ /E&>KtͬKhd&>Kt,ZdZ/^d/^ K>D^dKhEdzDZ<dZ ϮϬϮϮ KƵƚĨůŽǁ/ŶĨůŽǁ/ŶƚĞƌŝŽƌ&ůŽǁ EŽƌƚŚ^ƵďŵĂƌŬĞƚϰ͕ϵϳϯϳϭ͘Ϭйϭ͕ϲϲϴϮϯ͘ϴйϯϲϯϱ͘Ϯй ǇŐĞ tŽƌŬĞƌƐŐĞĚϮϵŽƌǇŽƵŶŐĞƌϵϵϵϮϬйϰϬϭϮϰйϵϯϮϲй tŽƌŬĞƌƐŐĞĚϯϬƚŽϱϰϮ͕ϳϰϱϱϱйϵϬϬϱϰйϭϱϯϰϮй tŽƌŬĞƌƐŐĞĚϱϱŽƌŽůĚĞƌϭ͕ϮϮϵϮϱйϯϲϳϮϮйϭϭϳϯϮй ǇDŽŶƚŚůǇtĂŐĞ tŽƌŬĞƌƐĂƌŶŝŶŐΨϭ͕ϮϱϬƉĞƌŵŽŶƚŚŽƌůĞƐƐϳϲϵϭϱйϯϬϵϭϵйϭϮϭϯϯй tŽƌŬĞƌƐĂƌŶŝŶŐΨϭ͕ϮϱϭƚŽΨϯ͕ϯϯϯƉĞƌŵŽŶƚŚϳϰϮϭϱйϯϰϬϮϬйϵϱϮϲй tŽƌŬĞƌƐĂƌŶŝŶŐDŽƌĞƚŚĂŶΨϯ͕ϯϯϯƉĞƌŵŽŶƚŚϯ͕ϰϲϮϳϬйϭ͕ϬϭϵϲϭйϭϰϳϰϬй Ǉ/ŶĚƵƐƚƌǇ Η'ŽŽĚƐWƌŽĚƵĐŝŶŐΗϳϯϭϭϱйϲϬϰϯϲйϵϭϮϱй ΗdƌĂĚĞ͕dƌĂŶƐƉŽƌƚĂƚŝŽŶ͕ĂŶĚhƚŝůŝƚŝĞƐΗϳϯϯϭϱйϯϭϱϭϵйϱϳϭϲй ΗůůKƚŚĞƌ^ĞƌǀŝĐĞƐΗϯ͕ϱϬϵϳϭйϳϰϵϰϱйϮϭϱϱϵй ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚϭϱ͕ϲϬϵϭϯ͘ϱйϱϬ͕ϲϳϲϰϯ͘ϴйϰϵ͕ϰϬϳϰϮ͘ϳй ǇŐĞ tŽƌŬĞƌƐŐĞĚϮϵŽƌǇŽƵŶŐĞƌϰ͕ϱϯϭϮϵйϭϬ͕ϵϱϬϮϮйϭϭ͕ϯϯϬϮϯй tŽƌŬĞƌƐŐĞĚϯϬƚŽϱϰϳ͕ϵϱϴϱϭйϮϳ͕ϴϬϭϱϱйϮϲ͕ϳϵϵϱϰй tŽƌŬĞƌƐŐĞĚϱϱŽƌŽůĚĞƌϯ͕ϭϮϬϮϬйϭϭ͕ϵϮϱϮϰйϭϭ͕ϮϳϴϮϯй ǇDŽŶƚŚůǇtĂŐĞ tŽƌŬĞƌƐĂƌŶŝŶŐΨϭ͕ϮϱϬƉĞƌŵŽŶƚŚŽƌůĞƐƐϯ͕ϱϵϰϮϯйϲ͕ϳϬϴϭϯйϲ͕ϵϳϬϭϰй tŽƌŬĞƌƐĂƌŶŝŶŐΨϭ͕ϮϱϭƚŽΨϯ͕ϯϯϯƉĞƌŵŽŶƚŚϯ͕ϰϴϲϮϮйϳ͕ϳϮϮϭϱйϴ͕ϮϮϲϭϳй tŽƌŬĞƌƐĂƌŶŝŶŐDŽƌĞƚŚĂŶΨϯ͕ϯϯϯƉĞƌŵŽŶƚŚϴ͕ϱϮϵϱϱйϯϲ͕ϮϰϲϳϮйϯϰ͕Ϯϭϭϲϵй Ǉ/ŶĚƵƐƚƌǇ Η'ŽŽĚƐWƌŽĚƵĐŝŶŐΗϯ͕ϰϯϵϮϮйϰ͕ϰϵϮϵйϯ͕ϲϬϴϳй ΗdƌĂĚĞ͕dƌĂŶƐƉŽƌƚĂƚŝŽŶ͕ĂŶĚhƚŝůŝƚŝĞƐΗϯ͕ϲϱϳϮϯйϲ͕ϭϵϲϭϮйϰ͕ϯϴϬϵй ΗůůKƚŚĞƌ^ĞƌǀŝĐĞƐΗϴ͕ϱϭϯϱϱйϯϵ͕ϵϴϴϳϵйϰϭ͕ϰϭϵϴϰй dĂďůĞŽŶƚŝŶƵĞĚ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϴϰ WWE/y d>ͲϭϬ /E&>KtͬKhd&>Kt,ZdZ/^d/^ K>D^dKhEdzDZ<dZ ϮϬϮϮ KƵƚĨůŽǁ/ŶĨůŽǁ/ŶƚĞƌŝŽƌ&ůŽǁ ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚϱ͕ϲϱϳϳϱ͘Ϭйϭ͕ϴϬϴϮϰ͘Ϭйϴϭϭ͘ϭй ǇŐĞ tŽƌŬĞƌƐŐĞĚϮϵŽƌǇŽƵŶŐĞƌϭ͕ϮϬϬϮϭйϰϬϯϮϮйϭϵϮϯй tŽƌŬĞƌƐŐĞĚϯϬƚŽϱϰϯ͕Ϭϯϰϱϰйϭ͕ϬϬϱϱϲйϰϭϱϭй tŽƌŬĞƌƐŐĞĚϱϱŽƌŽůĚĞƌϭ͕ϰϮϯϮϱйϰϬϬϮϮйϮϭϮϲй ǇDŽŶƚŚůǇtĂŐĞ tŽƌŬĞƌƐĂƌŶŝŶŐΨϭ͕ϮϱϬƉĞƌŵŽŶƚŚŽƌůĞƐƐϴϴϯϭϲйϮϳϱϭϱйϭϲϮϬй tŽƌŬĞƌƐĂƌŶŝŶŐΨϭ͕ϮϱϭƚŽΨϯ͕ϯϯϯƉĞƌŵŽŶƚŚϴϭϴϭϰйϯϲϮϮϬйϮϬϮϱй tŽƌŬĞƌƐĂƌŶŝŶŐDŽƌĞƚŚĂŶΨϯ͕ϯϯϯƉĞƌŵŽŶƚŚϯ͕ϵϱϲϳϬйϭ͕ϭϳϭϲϱйϰϱϱϲй Ǉ/ŶĚƵƐƚƌǇ Η'ŽŽĚƐWƌŽĚƵĐŝŶŐΗϱϱϳϭϬйϵϴϱϱϰйϯϰϰϮй ΗdƌĂĚĞ͕dƌĂŶƐƉŽƌƚĂƚŝŽŶ͕ĂŶĚhƚŝůŝƚŝĞƐΗϲϱϬϭϭйϯϴϮϮϭйϭϵϮϯй ΗůůKƚŚĞƌ^ĞƌǀŝĐĞƐΗϰ͕ϰϱϬϳϵйϰϰϭϮϰйϮϴϯϱй ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚϰ͕Ϯϰϱϲϯ͘Ϯйϭ͕ϴϭϱϮϳ͘Ϭйϲϱϴϵ͘ϴй ǇŐĞ tŽƌŬĞƌƐŐĞĚϮϵŽƌǇŽƵŶŐĞƌϵϬϮϮϭйϰϲϰϮϲйϮϬϲϯϭй tŽƌŬĞƌƐŐĞĚϯϬƚŽϱϰϮ͕ϯϲϳϱϲйϵϴϴϱϰйϮϵϯϰϱй tŽƌŬĞƌƐŐĞĚϱϱŽƌŽůĚĞƌϵϳϲϮϯйϯϲϯϮϬйϭϱϵϮϰй ǇDŽŶƚŚůǇtĂŐĞ tŽƌŬĞƌƐĂƌŶŝŶŐΨϭ͕ϮϱϬƉĞƌŵŽŶƚŚŽƌůĞƐƐϱϳϴϭϰйϯϮϳϭϴйϮϬϴϯϮй tŽƌŬĞƌƐĂƌŶŝŶŐΨϭ͕ϮϱϭƚŽΨϯ͕ϯϯϯƉĞƌŵŽŶƚŚϳϬϴϭϳйϰϵϮϮϳйϭϵϭϮϵй tŽƌŬĞƌƐĂƌŶŝŶŐDŽƌĞƚŚĂŶΨϯ͕ϯϯϯƉĞƌŵŽŶƚŚϮ͕ϵϱϵϳϬйϵϵϲϱϱйϮϱϵϯϵй Ǉ/ŶĚƵƐƚƌǇ Η'ŽŽĚƐWƌŽĚƵĐŝŶŐΗϱϱϲϭϯйϴϲϮϰϳйϭϲϴϮϲй ΗdƌĂĚĞ͕dƌĂŶƐƉŽƌƚĂƚŝŽŶ͕ĂŶĚhƚŝůŝƚŝĞƐΗϲϱϮϭϱйϮϵϲϭϲйϭϰϬϮϭй ΗůůKƚŚĞƌ^ĞƌǀŝĐĞƐΗϯ͕ϬϯϳϳϮйϲϱϳϯϲйϯϱϬϱϯй ^ŽƵƌĐĞƐ͗h^ĞŶƐƵƐƵƌĞĂƵ>ŽĐĂůŵƉůŽǇŵĞŶƚǇŶĂŵŝĐƐ͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚĂŶĚŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϴϱ Ϯϴϲ ΨϮϮϰ͕ϵϬϬΨϭϱϱ͕ϬϬϬΨϮϬϬ͕ϬϬϬΨϮϴϲ͕ϵϬϬΨϯϮϳ͕ϱϬϬΨϯϱϬ͕ϬϬϬΨϯϱϰ͕ϬϬϬΨϯϲϱ͕ϬϬϬΨϮϱϲ͕ϳϮϲΨϮϯϬ͕ϬϬϬΨϮϳϯ͕ϮϰϬΨϯϲϮ͕ϯϯϬΨϰϭϱ͕ϬϬϬΨϰϲ͕ϬϬϬΨϰϱϬ͕ϬϬϬΨϰϳϰ͕ϵϵϬΨϮϯϯ͕ϬϬϬΨϭϳϱ͕ϬϬϬΨϮϮϳ͕ϬϬϬΨϯϭϭ͕ϬϰϱΨϯϰϴ͕ϬϬϬΨϯϳϱ͕ϬϬϬΨϯϴϬ͕ϬϬϬΨϯϵϬ͕ϬϬϬΨϮϯϯ͕ϴϱϱ Ψϭϴϰ͕ϬϬϬΨϮϯϱ͕ϬϬϬΨϯϮϱ͕ϬϬϬΨϯϱϬ͕ϬϬϬΨϯϲϳ͕ϲϲϱΨϯϳϯ͕ϬϬϬΨϯϴϭ͕ϬϬϬΨϮϭϯ͕ϬϬϬΨϭϰϱ͕ϬϬϬΨϭϴϳ͕ϴϭϬΨϮϲϭ͕ϬϬϬΨϮϵϬ͕ϬϬϬΨϯϬϱ͕ϬϬϬΨϯϭϬ͕ϬϬϬΨϯϮϱ͕ϬϬϬΨϮϱϬ͕ϬϬϬΨϭϵϬ͕ϬϬϬΨϮϰϱ͕ϬϬϬΨϯϰϬ͕ϬϬϬΨϯϴϬ͕ϬϬϬΨϰϮϬ͕ϬϬϬΨϰϮϬ͕ϬϬϬΨϰϮϵ͕ϵϬϬΨϮϱϭ͕ϳϬϬΨϭϵϱ͕ϬϬ ϬΨϮϰϮ͕ϭϱϬΨϯϰϳ͕ϱϬϬΨϯϴϱ͕ϬϬϬΨϰϭϵ͕ϬϬϬΨϰϭϬ͕ϬϬϬΨϰϮϲ͕ϬϬϬ Ψϭϲϰ͕ϵϬϬΨϭϱϰ͕ϳϬϬΨϭϴϭ͕ϬϬϬΨϮϱϵ͕ϵϬϬΨϮϴϵ͕ϵϬϬΨϯϮϬ͕ϬϬϬΨϯϭϱ͕ϬϬϬΨϯϮϵ͕ϵϬϬΨϮϯϭ͕ϰϬϬΨϭϳϱ͕ϬϬϬΨϮϮϰ͕ϵϬϬΨϯϭϮ͕ϬϬϬΨϯϰϮ͕ϮϯϴΨϯϲϱ͕ϬϬϬΨϯϳϬ͕ϬϬϬΨϯϴϭ͕ϬϬϬΨϮϮϳ͕ϵϬϬΨϭϲϵ͕ϵϬϬΨϮϮϬ͕ϬϬϬΨϯϬϱ͕ϬϬϬΨϯϰϬ͕ϬϬϬΨϯϲϯ͕ϬϬϬΨϯϲϴ͕ϬϬϬΨϯϴϬ͕ϬϬϬ ϮϬϬϱϮϬϭϬϮϬϭϱϮϬϮϬϮϬϮϭϮϬϮϮϮϬϮϯϮϬϮϰ D/EZ^>KDWZ/^KEzK>D^dKhEdzΘDdZKZKhEd/^ ^ŽƵƌĐĞ͗ZĞŐŝŽŶĂůDƵůƚŝƉůĞ>ŝƐƚŝŶŐ^ĞƌǀŝĐĞŽĨDŝŶŶĞƐŽƚĂ͕DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ϮϬϬϱ͕ϮϬϭϬ͕ϮϬϭϱ͕ϮϬϮϬƚŽϮϬϮϰ d>&^Ͳϭ dǁŝŶŝƚŝĞƐϳͲŽƵŶƚǇDĞƚƌŽƌĞĂ ^ĂůĞ,ŽƵƐŝŶŐŶĂůǇƐŝƐdĂďůĞƐ Dy&/>Z^Z,ΘKE^h>d/E' dǁŝŶŝƚŝĞƐZĞŐŝŽŶ dǁŝŶŝƚŝĞƐϳͲƚǇ͘ tĂƐŚŝŶŐƚŽŶ ,ĞŶŶĞƉŝŶ KůŵƐƚĞĚ ZĂŵƐĞǇ ŽƵŶƚǇ ĂŬŽƚĂ ĂƌǀĞƌ ŶŽŬĂ ^ĐŽƚƚ WWE/y Ͳ &Žƌ ϱϭϬƚŽϭϱϬϬƚŽϬϱϭϬƚŽϭϱ ϮϬϬϬ zĞĂƌ ϭ dŝŵĞŽŶ DĂƌŬĞƚ ǀŐ͘ ϮϬϮϯϭϬϰΨϰϴϳ͕ϬϵϮΨϰϮϴ͕ϳϱϬϯϵ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ Dy&/>Z^Z,ΘKE^h>d/E' ^ŽůĚWƌŝĐĞ^ŽůĚWƌŝĐĞ ϮϬϬϬϲϵΨϭϯϬ͕ϲϵϮΨϭϮϱ͕ϬϬϬϮϬϬϱϵϰΨϮϬϰ͕ϮϴϴΨϭϲϵ͕ϱϬϬϮϬϬϬϴϰΨϭϲϲ͕ϵϯϳΨϭϱϵ͕ϰϱϬϮϬϬϱϭϬϬΨϮϰϮ͕ϵϭϰΨϮϭϴ͕ϰϱϬ DĞĚŝĂŶ Ͳϭϱй ϯϲйϭϱйϱϭйϯϱйϯϳйϭϱйϯϵйϰϲй ϯй ͲϮϭйͲϭϴй ǀŐ͘ϱϲйϭϮйϱϬйϰϭйϰϲйϮϮйϯϬйϰϴй Ͳϭй ͲϯϭйͲϯϳйͲϭϵй ^ŽůĚ ϯϲйϳϰйϭϵйϭϵйϲϴй EŽ͘ Ͳϵй WWE/y ǇƌŽŶ^ƵďŵĂƌŬĞƚEŽƌƚŚ^ƵďŵĂƌŬĞƚ WĐƚ͘ŚĂŶŐĞWĐƚ͘ŚĂŶŐĞ ϬϱƚŽϭϬϭϱƚŽϮϬϮϬƚŽϮϰϬϱƚŽϭϬϭϱƚŽϮϬϮϬƚŽϮϰ ϬϬƚŽϬϱϭϬƚŽϭϱϬϬƚŽϬϱϭϬƚŽϭϱ zĞĂƌ Ϯϴϴ ϭ dŝŵĞŽŶ DĂƌŬĞƚ ǀŐ͘ ΨϭϮϱ͕ϳϱϬΨϭϮϮ͕ϬϬϬϭϭϮΨϮϰϮ͕ϰϰϱΨϮϲϱ͕ϬϬϬϭϮϵ Ψϭϯϰ͕ϯϬϬΨϭϮϱ͕ϬϬϬϰϰΨϰϯϰ͕ϴϰϯΨϰϬϱ͕ϬϬϬϳϬ ΨϮϳϴ͕ϭϲϯΨϮϱϯ͕ϳϱϬϭϮΨϮϰϲ͕ϱϬϬΨϮϮϳ͕ϱϬϬϮϳ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲ ϯ ^ŽůĚWƌŝĐĞ^ŽůĚWƌŝĐĞ ΨϮϮϬ͕ϬϬϬΨϮϮϬ͕ϬϬϬΨϭϯϵ͕ϲϬϬΨϭϰϮ͕ϵϱϬΨϮϳϬ͕ϱϬϬΨϮϳϬ͕ϱϬϬ DĞĚŝĂŶ ϭϭϮй ϮϬϬϬ͕ϮϬϬϱ͕ϮϬϭϬ͕ϮϬϭϱ͕ϮϬϮϬƚŽϮϬϮϰ ͲϯϱйͲϭϱйͲϭϰй Ϯй ^/E'>Ͳ&D/>z,KDZ^>^ K>D^dKhEdzΘs//E/dz d>&^ͲϮ ϬйͲϭϬй ϯϬϬйͲϯϳй ǀŐ͘ϴϭй ϳй ͲϮϬйϮй ^ŽůĚ Ϯϱй EŽ͘ Ϭй ϰϰϴϰ ϭϱϱϮϳ DŝƐƚƌŝĐƚ WĐƚ͘ŚĂŶŐĞ ϬϱƚŽϭϬŽϮϬŽϮϰ ŽϬϱŽϭϱ ϰϭϴΨϭϲϮ͕ϭϲϱϭϮϱϮϬϭϬϱϳϵΨϮϳϬ͕ϳϳϭϱϭϮϬϮϬϬϮϵΨϯϰϳ͕ϯϵϯϰϱϮϬϮϰ ϮϬϬϬϱϯϭΨϭϴϳ͕ϵϮϳϲϰϮϬϭϱϲϳϰΨϯϬϴ͕ϯϲϯϮϴϮϬϮϭϱϰϴΨϯϯϴ͕ϱϰϯϯϮϮϬϮϮϮϬϭΨϯϰϮ͕ϭϬϮϰϭϮϬϮϯ ϮϬϬϱ zĞĂƌ ϬϬƚϭϬƚϭϱƚϮϬƚ ϭ dŝŵĞŽŶ DĂƌŬĞƚ ǀŐ͘ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲ Dy&/>Z^Z,ΘKE^h>d/E' ^ŽƵƌĐĞƐ͗ZĞŐŝŽŶĂůD>^ŽĨDE͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ŽůĚWƌŝĐĞ^ŽůĚWƌŝĐĞ ϴϭϭΨϭϯϯ͕ϭϰϬ ϳϰϲΨϭϲϵ͕ϰϵϭ ĞĚŝĂŶ ϮϳйϭϲйϰϰйϮϴй Ͳϰй D ϷƵŵŵƵůĂƚŝǀĞĂǇƐŽŶƚŚĞDĂƌŬĞƚďĞŐĂŶŝŶϮϬϬϴ ǀŐ͘ϯϱйϭϵйϰϯйϯϯй й ϮϬϬϬϭ͕ϳϯϴΨϭϰϵ͕ϮϬϬϱϮ͕ϯϬϵΨϮϬϭ͕ϮϬϭϬϭ͕ϰϳϲΨϭϴϱ͕ϮϬϭϱϮ͕ϱϮϳΨϮϮϬ͕ϮϬϮϬϮ͕ϯϮϵΨϯϭϰ͕ϮϬϮϭϮ͕ϯϳϰΨϯϱϱ͕ϮϬϮϮϮ͕ϬϭϬΨϯϵϴ͕ϮϬϮϯϭ͕ϳϬϳΨϰϬϬ͕ϮϬϮϰϭ͕ϳϳϲΨϰϭϳ͕ Ͳϴ ^ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ͲϯϲйͲϮϰй ^ŽůĚ ϯϯйϳϭй EŽ͘ Ͳϴй WWE/y WĐƚ͘ŚĂŶŐĞ ϬϱƚŽϭϬϭϱƚŽϮϬϮϬƚŽϮϰ ϬϬƚŽϬϱϭϬƚŽϭϱ zĞĂƌ Ϯϴϵ ϭ dŝŵĞŽŶ DĂƌŬĞƚ ǀŐ͘ ΨϮϭϮ͕ϳϯϴΨϮϬϳ͕ϬϬϬϭϮϲΨϭϯϬ͕ϲϲϬΨϭϯϴ͕ϳϬϬϭϲϲΨϭϲϵ͕ϰϱϬΨϭϲϵ͕ϰϱϬϭϵϮϬϮϰϯϱϳΨϮϴϲ͕ϮϬϲΨϮϲϳ͕ϬϬϬϰϵϮϬϮϰϭϵΨϮϲϳ͕ϮϳϲΨϮϰϰ͕ϵϱϬϭϰϭ ΨϭϵϬ͕ϬϬϬΨϭϵϬ͕ϬϬϬϭϭϯΨϯϬϲ͕ϭϯϯΨϯϬϲ͕ϭϯϯϭϳϭΨϯϭϲ͕ϴϬϳΨϯϭϱ͕ϬϬϬϭϮϯ ΨϮϯϱ͕ϮϴϴΨϮϰϱ͕ϬϬϬϯϴΨϭϲϰ͕ϰϰϯΨϭϲϰ͕ϵϮϭϯϬϮϬϮϬϱϭϬΨϮϯϴ͕ϰϱϴΨϮϭϱ͕ϬϬϬϰϴϮϬϮϬϭϱΨϭϴϲ͕ϴϴϬΨϭϳϱ͕ϱϬϬϲϬ Ψϭϯϳ͕ϭϯϯΨϭϬϱ͕ϱϬϬϯϮΨϭϬϮ͕ϯϴϭΨϭϬϮ͕ϯϴϭϯϭϮϬϭϱϰϮϵΨϭϳϭ͕ϲϳϭΨϭϰϴ͕ϯϱϬϱϭϮϬϭϱϭϱΨϭϰϮ͕ϯϰϳΨϭϰϬ͕ϵϮϯϮϯϮϯϮϬϮϮϭϲΨϮϲϴ͕ϱϴϰΨϮϵϰ͕ϵϬϬϳϳϮϬϮϮϯϲϯΨϮϲϮ͕ϵϮϬΨϮϰϬ͕ϳϱϬϮϱϮϬϮϮϭϴΨϮϰϲ͕ϭϴϲΨϮϮϳ͕ϬϬϬϯϰΨϮϱϴ͕ϰϰϰΨϮϯϴ͕ϳϱϬϰϴϮϬϮϯϯϱϮΨϮϱϳ͕ϵϮϯΨϮϯϵ͕Ϭ ϬϬϰϬϮϬϮϯϭϵΨϮϳϴ͕ϰϬϱΨϮϳϰ͕ϵϬϬϯϯ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ ^ŽůĚWƌŝĐĞ^ŽůĚWƌŝĐĞ ΨϭϮϲ͕ϵϬϬΨϭϮϲ͕ϵϬϬΨϭϴϰ͕ϭϮϲΨϭϱϴ͕ϮϬϬ ϮϬϮϭϭϮΨϮϯϯ͕ϰϰϮΨϮϭϭ͕ϬϬϬϯϳϮϬϮϭϰϱϱΨϮϯϳ͕ϳϰϯΨϮϮϬ͕ϬϬϬϯϬϮϬϮϭϭϱΨϮϮϵ͕ϵϭϯΨϮϮϴ͕ϵϱϳ DĞĚŝĂŶ ͲϭϮй ϵϲйϱϮйϮϱйϮϱйϰϬй Ϯй ͲͲͲͲͲͲ ϲϬйͲϮϵй ǀŐ͘ϯϭй ϭϲϳйϱϱйϰϬϬйϰϱйϮϳйϰϯй ͲϱϬйϰϵй ϵй ͲͲͲͲͲͲ ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚ ^ŽůĚ ϴϴй EŽ͘ Ϭй ͲͲͲͲͲͲ ϬϬϬϴϴϲϰϴ ϯϮϭϱ ĂƐƚ^ƵďŵĂƌŬĞƚ WĐƚ͘ŚĂŶŐĞWĐƚ͘ŚĂŶŐĞ ϬϱƚŽϭϬϭϱƚŽϮϬϮϬƚŽϮϰϬϱƚŽϭϬϭϱƚŽϮϬϮϬƚŽϮϰ ϬϬƚŽϬϱϭϬƚŽϭϱϬϬƚŽϬϱϭϬƚŽϭϱ ϮϬϬϬϮϬϭϬϮϬϮϬΨϮϬϴ͕ϮϱϬΨϮϬϬ͕ϱϬϬϯϯϮϬϮϰϮϬϬϬ ϮϬϬϱΨϭϳϰ͕ϵϭϳΨϭϲϮ͕ϰϬϬϭϬϴϮϬϭϱΨϭϲϭ͕ϲϮϱΨϭϱϱ͕ϬϬϬϭϯϮϬϮϭΨϮϮϱ͕ϬϬϬΨϮϮϱ͕ϬϬϬϲϱϮϬϮϮϮϬϮϯϮϬϬϱϮϬϭϬϮϵϰΨϭϯϵ͕ϯϵϳΨϭϯϭ͕ϲϳϱϭϰϬϮϬϭϬ zĞĂƌ ϭ dŝŵĞŽŶ DĂƌŬĞƚ ǀŐ͘ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ ϲ ^ŽůĚWƌŝĐĞ^ŽůĚWƌŝĐĞ ΨϭϮϯ͕ϵϱϬΨϭϮϯ͕ϵϱϬΨϭϳϰ͕ϴϯϯΨϭϳϰ͕ϱϬϬϮϬϬϬϯϭϵΨϭϮϬ͕ϴϬϯΨϭϮϮ͕ϬϬϬϮϬϬϱϰϱϱΨϭϰϱ͕ϯϲϭΨϭϰϮ͕ϬϬϬ DĞĚŝĂŶ ͲϭϬϬйͲϭϬϬй ϮϬϬϬ͕ϮϬϬϱ͕ϮϬϭϬ͕ϮϬϭϱ͕ϮϬϮϬƚŽϮϬϮϰ ϭϲйϭϯйϰϱйϮϰй Ͳϳй ͲͲͲͲͲͲ Dh>d/&D/>z,KDZ^>^K>D^dKhEdzΘs//E/dz KEd/Eh d>&^Ͳϯ ͲϭϬϬйͲϭϬϬйͲϭϬϬйͲϭϬϬй ǀŐ͘ ϰϯйϮϬйϰϲйϮϯйϭϵйϯϵйͲϯϬйϮϬй Ͳϰй ͲͲͲͲͲͲ Ͳϯϱй ^ŽůĚZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ EŽ͘ ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚ ͲͲͲͲͲͲ ϬϬϲϬ Ϯϱϭϯϯ WĐƚ͘ŚĂŶŐĞWĐƚ͘ŚĂŶŐĞ ϬϱƚŽϭϬϭϱƚŽϮϬϮϬƚŽϮϰϬϱƚŽϭϬϭϱƚŽϮϬϮϬƚŽϮϰ ϬϬƚŽϬϱϭϬƚŽϭϱϬϬƚŽϬϱϭϬƚŽϭϱ ϮϬϬϬϮϬϭϬϭϲΨϭϬϳ͕ϵϯϭΨϭϭϲ͕ϴϯϴϭϴϭϮϬϭϬϮϬϮϬϮϱΨϮϲϯ͕ϬϱϱΨϭϵϲ͕ϱϬϬϱϵϮϬϮϬϮϬϮϰϮϱΨϯϮϵ͕ϮϯϯΨϮϵϬ͕ϬϬϬϭϭϯϮϬϮϰ ϮϬϬϱϮϬϭϱϮϭΨϮϬϵ͕ϯϴϲΨϭϱϮ͕ϵϬϬϭϭϬϮϬϭϱϮϬϮϭϮϳΨϮϵϱ͕ϵϯϳΨϮϲϮ͕ϬϬϬϵϴϮϬϮϭϮϬϮϮϮϴΨϯϰϳ͕ϯϵϭΨϯϭϱ͕ϴϳϱϯϲϮϬϮϮϮϬϮϯϮϵΨϯϬϴ͕ϱϬϴΨϮϵϵ͕ϬϬϬϰϵϮϬϮϯ zĞĂƌ ϭ dŝŵĞŽŶ DĂƌŬĞƚ ǀŐ͘ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ Dy&/>Z^Z,ΘKE^h>d/E' ^ŽůĚWƌŝĐĞ^ŽůĚWƌŝĐĞ Ψϭϭϲ͕ϰϱϬΨϭϭϰ͕ϵϬϬΨϭϵϬ͕ϱϬϬΨϭϵϬ͕ϱϬϬ ϮϬϬϱϭϴΨϭϴϲ͕ϵϭϴΨϭϱϵ͕ϵϱϬΨϭϭϱ͕ϳϮϱΨϭϭϱ͕ϳϮϱ DĞĚŝĂŶ ͲϭϬϬй ͲϮϳй ϯϵйϯϭйϮϵйϰϴйϲϱйϲϭй ϯй ͲͲ ͲϭϬϬйͲϭϬϬй ͲϭϭйͲϰϮй ǀŐ͘ϵϰйϮϲйϮϱйϲϭй ϮϲϬйϲϭйϭϬϬйϲϱй ϯй ͲͲ ͲϭϯйͲϳϭй ^ŽůĚ ϯϭйϭϵй EŽ͘ Ϭй ͲͲ Ϭϴ ϱϭϮϳϵϮ WWE/y ǇƌŽŶ^ƵďŵĂƌŬĞƚEŽƌƚŚ^ƵďŵĂƌŬĞƚ WĐƚ͘ŚĂŶŐĞWĐƚ͘ŚĂŶŐĞ ϬϱƚŽϭϬϭϱƚŽϮϬϮϬƚŽϮϰϬϱƚŽϭϬϭϱƚŽϮϬϮϬƚŽϮϰ ϬϬƚŽϬϱϭϬƚŽϭϱϬϬƚŽϬϱϭϬƚŽϭϱ ϮϬϬϬϮϬϬϬϮϬϭϬϮϬϮϬϮϬϮϰ ϮϬϬϱϮϬϭϱϮϬϮϯ zĞĂƌ ϮϵϬ ϭ dŝŵĞŽŶ DĂƌŬĞƚ ǀŐ͘ ϱϵϰΨϭϯϭ͕ϭϬϱϭϰϯϮϬϭϬϭϮΨϭϮϴ͕ϲϬϴΨϭϭϯ͕ϵϱϬϰϴϴϵϲΨϮϭϮ͕ϯϵϵϱϬϮϬϮϬϭϬΨϮϬϰ͕ϱϬϬΨϭϴϳ͕ϱϬϬϯϬϱϯϴΨϮϮϭ͕ϱϬϯϯϰϮϬϮϭϭϵΨϮϬϳ͕ϱϰϮΨϭϵϵ͕ϬϬϬϱϴϰϳϬΨϮϰϱ͕ϮϵϬϰϮϮϬϮϯϭϮΨϮϬϰ͕ϭϱϴΨϮϬϰ͕ϵϱϬϱϲ ϬϳϳΨϭϰϳ͕ϰϲϮϱϯϮϬϭϱϭϭΨϭϱϯ͕ϯϱϱΨϭϰϱ͕ϬϬϬϮϯϮϴϴΨϮϰϳ͕ϬϲϱϮϴϮϬϮϮϭϵΨϮϮϯ͕ϳϴϵΨϮϯϱ͕ϬϬϬϱϳΨϭϵϳ͕ϯϬϬΨϭϱϬ͕ϬϬϬϲϵ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲ ^ŽůĚWƌŝĐĞ^ŽůĚWƌŝĐĞ Ψϵϵ͕ϬϬϬΨϵϵ͕ϬϬϬ Ψϵϲ͕ϵϯϯΨϵϵ͕ϵϵϵ DĞĚŝĂŶ ϮϬϬϬ͕ϮϬϬϱ͕ϮϬϭϬ͕ϮϬϭϱ͕ϮϬϮϬƚŽϮϬϮϰ ͲϮϬй ϭϰйϮϳйϮϵй ϭй Dh>d/&D/>z,KDZ^>^K>D^dKhEdzΘs//E/dz d>&^Ͳϯ ǀŐ͘ϭϵйϯϯй ϭϬϬйϯϯй ͲϮйͲϰй ϱϬϬй ͲϭϬй ^ŽůĚ EŽ͘ ͲϴйͲϵй ϲ ϭϵ DŝƐƚƌŝĐƚ WĐƚ͘ŚĂŶŐĞ ϬϱƚŽϭϬŽϮϬŽϮϰ ŽϬϱŽϭϱ ϭϭϭΨϮϲϲ͕ϴϴϲϱϴϮϬϮϰ ϮϬϬϬ ϮϬϬϱ zĞĂƌ ϬϬƚϭϬƚϭϱƚϮϬƚ ϭ dŝŵĞŽŶ DĂƌŬĞƚ ǀŐ͘ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲ Dy&/>Z^Z,ΘKE^h>d/E' ^ŽƵƌĐĞƐ͗ZĞŐŝŽŶĂůD>^ŽĨDE͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ŽůĚWƌŝĐĞ^ŽůĚWƌŝĐĞ ϳϯϵΨϭϮϭ͕ϴϴϳϰϭϰΨϭϰϮ͕ϵϲϱ ĞĚŝĂŶ ϭϳйϭϮйϰϰйϮϲй Ͳϴй D ϮϬϬϴ ƵŵŵƵůĂƚŝǀĞĂǇƐŽŶƚŚĞDĂƌŬĞƚďĞŐĂŶŝŶ ǀŐ͘ϮϮйϮϰйϯϴйϮϭй й ϮϬϬϬϯϮϲΨϭϮϬ͕ϮϬϬϱϰϴϮΨϭϰϳ͕ϮϬϭϬϯϭϴΨϭϯϳ͕ϮϬϭϱϰϴϮΨϭϳϭ͕ϮϬϮϬϱϲϱΨϮϯϲ͕ϮϬϮϭϱϭϲΨϮϯϵ͕ϮϬϮϮϰϯϰΨϮϲϳ͕ϮϬϮϯϰϭϴΨϮϲϮ͕ϮϬϮϰϰϭϬΨϮϴϳ͕ Ͳϳ ^ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ͲϯϰйͲϮϳй ^ŽůĚ ϰϴйϱϮйϭϳй EŽ͘ WWE/y WĐƚ͘ŚĂŶŐĞ ϬϱƚŽϭϬϭϱƚŽϮϬϮϬƚŽϮϰ ϬϬƚŽϬϱϭϬƚŽϭϱ zĞĂƌ Ϸ WWE/y d>&^Ͳϰ Z^>^zWZ/WK/Ed K>D^dKhEdzΘs//E/dz ϮϬϮϰ ǇƌŽŶ^ƵďŵĂƌŬĞƚŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚ ϭϭ ^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇdŽƚĂů^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇdŽƚĂů WƌŝĐĞZĂŶŐĞEŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ фΨϵϵ͕ϵϵϵϬ͘ϬйϬ͘ϬйϬϬ͘Ϭйϭϯ͘ϬйϬ͘ϬйϭϮ͘ϴй ΨϭϬϬ͕ϬϬϬƚŽΨϭϰϵ͕ϵϵϵϬ͘ϬйϬ͘ϬйϬϬ͘ϬйϬ͘ϬйϬ͘ϬйϬϬ͘Ϭй ΨϭϱϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϰϰ͘ϳйϬ͘Ϭйϰϯ͘ϲйϮϲ͘ϭйϭϯϯ͘ϯйϯϴ͘ϯй ΨϮϬϬ͕ϬϬϬƚŽΨϮϰϵ͕ϵϵϵϲϳ͘ϭйϰϭϲ͘ϬйϭϬϵ͘ϭйϴϮϰ͘Ϯйϭϯϯ͘ϯйϵϮϱ͘Ϭй ΨϮϱϬ͕ϬϬϬƚŽΨϮϵϵ͕ϵϵϵϵϭϬ͘ϲйϭϬϰϬ͘Ϭйϭϵϭϳ͘ϯйϵϮϳ͘ϯйϭϯϯ͘ϯйϭϬϮϳ͘ϴй ΨϯϬϬ͕ϬϬϬƚŽΨϯϰϵ͕ϵϵϵϭϲϭϴ͘ϴйϭϰ͘Ϭйϭϳϭϱ͘ϱйϱϭϱ͘ϮйϬ͘Ϭйϱϭϯ͘ϵй ΨϯϱϬ͕ϬϬϬƚŽΨϯϵϵ͕ϵϵϵϲϳ͘ϭйϲϮϰ͘ϬйϭϮϭϬ͘ϵйϮϲ͘ϭйϬ͘ϬйϮϱ͘ϲй ΨϰϬϬ͕ϬϬϬƚŽΨϰϰϵ͕ϵϵϵϭϭϭϮ͘ϵйϭϰ͘ϬйϭϮϭϬ͘ϵйϬ͘ϬйϬ͘ϬйϬϬ͘Ϭй ΨϰϱϬ͕ϬϬϬƚŽΨϰϵϵ͕ϵϵϵϱϱ͘ϵйϭϰ͘Ϭйϲϱ͘ϱйϭϯ͘ϬйϬ͘ϬйϭϮ͘ϴй ΨϱϬϬ͕ϬϬϬƚŽΨϳϰϵ͕ϵϵϵϭϲϭϴ͘ϴйϮϴ͘Ϭйϭϴϭϲ͘ϰйϱϭϱ͘ϮйϬ͘Ϭйϱϭϯ͘ϵй ΨϳϱϬ͕ϬϬϬƚŽΨϵϵϵ͕ϵϵϵϴϵ͘ϰйϬ͘Ϭйϴϳ͘ϯйϬ͘ϬйϬ͘ϬйϬϬ͘Ϭй Ψϭ͕ϬϬϬ͕ϬϬϬĂŶĚKǀĞƌϰϰ͘ϳйϬ͘Ϭйϰϯ͘ϲйϬ͘ϬйϬ͘ϬйϬϬ͘Ϭй ϴϱϭϬϬйϮϱϭϬϬйϭϭϬϭϬϬйϯϯϭϬϬйϯϭϬϬйϯϲϭϬϬй DŝŶŝŵƵŵΨϭϳϵ͕ϬϬϬΨϮϭϴ͕ϮϮϱΨϭϳϵ͕ϬϬϬΨϵϵ͕ϵϬϬΨϭϱϱ͕ϬϬϬΨϵϵ͕ϵϬϬ DĂǆŝŵƵŵΨϭ͕ϰϵϵ͕ϬϬϬΨϱϲϬ͕ϬϬϬΨϭ͕ϰϵϵ͕ϬϬϬΨϱϴϬ͕ϬϬϬΨϮϳϳ͕ϬϬϬΨϱϴϬ͕ϬϬϬ DĞĚŝĂŶΨϰϬϳ͕ϴϮϱΨϮϵϬ͕ϬϬϬΨϯϴϭ͕ϬϰϳΨϮϲϵ͕ϵϬϬΨϮϮϲ͕ϱϬϬΨϮϲϲ͕Ϯϴϯ ǀĞƌĂŐĞΨϰϳϴ͕ϴϱϳΨϯϮϵ͕ϮϯϯΨϰϰϰ͕ϴϱϮΨϯϬϱ͕ϱϯϵΨϮϭϵ͕ϱϬϬΨϮϵϴ͕ϯϲϵ ĂƐƚ^ƵďŵĂƌŬĞƚEŽƌƚŚ^ƵďŵĂƌŬĞƚ ϭϭ ^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇdŽƚĂů^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇdŽƚĂů WƌŝĐĞZĂŶŐĞEŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘ǭEŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ фΨϵϵ͕ϵϵϵϭϭ͘ϰйϬ͘Ϭйϭϭ͘ϰйϬ͘ϬйϭϱϬ͘Ϭйϭϭ͘Ϭй ΨϭϬϬ͕ϬϬϬƚŽΨϭϰϵ͕ϵϵϵϮϮ͘ϵйϬ͘ϬйϮϮ͘ϳйϮϮ͘ϬйϬ͘ϬйϮϮ͘Ϭй ΨϭϱϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϯϰ͘ϯйϬ͘Ϭйϯϰ͘ϭйϯϯ͘ϭйϬ͘Ϭйϯϯ͘Ϭй ΨϮϬϬ͕ϬϬϬƚŽΨϮϰϵ͕ϵϵϵϭϰϮϬ͘ϯйϬ͘Ϭйϭϰϭϵ͘Ϯйϰϰ͘ϭйϭϱϬ͘Ϭйϱϱ͘Ϭй ΨϮϱϬ͕ϬϬϬƚŽΨϮϵϵ͕ϵϵϵϲϴ͘ϳйϮϱϬ͘Ϭйϴϭϭ͘Ϭйϭϯϭϯ͘ϯйϬ͘Ϭйϭϯϭϯ͘Ϭй ΨϯϬϬ͕ϬϬϬƚŽΨϯϰϵ͕ϵϵϵϭϱϮϭ͘ϳйϭϮϱ͘ϬйϭϲϮϭ͘ϵйϭϭϭϭ͘ϮйϬ͘Ϭйϭϭϭϭ͘Ϭй ΨϯϱϬ͕ϬϬϬƚŽΨϯϵϵ͕ϵϵϵϭϭϭϱ͘ϵйϭϮϱ͘ϬйϭϮϭϲ͘ϰйϲϲ͘ϭйϬ͘Ϭйϲϲ͘Ϭй ΨϰϬϬ͕ϬϬϬƚŽΨϰϰϵ͕ϵϵϵϳϭϬ͘ϭйϬ͘Ϭйϳϵ͘ϲйϭϱϭϱ͘ϯйϬ͘Ϭйϭϱϭϱ͘Ϭй ΨϰϱϬ͕ϬϬϬƚŽΨϰϵϵ͕ϵϵϵϮϮ͘ϵйϬ͘ϬйϮϮ͘ϳйϭϭϭϭ͘ϮйϬ͘Ϭйϭϭϭϭ͘Ϭй ΨϱϬϬ͕ϬϬϬƚŽΨϳϰϵ͕ϵϵϵϲϴ͘ϳйϬ͘Ϭйϲϴ͘ϮйϮϱϮϱ͘ϱйϬ͘ϬйϮϱϮϱ͘Ϭй ΨϳϱϬ͕ϬϬϬƚŽΨϵϵϵ͕ϵϵϵϮϮ͘ϵйϬ͘ϬйϮϮ͘ϳйϲϲ͘ϭйϬ͘Ϭйϲϲ͘Ϭй Ψϭ͕ϬϬϬ͕ϬϬϬĂŶĚKǀĞƌϬ͘ϬйϬ͘ϬйϬϬ͘ϬйϮϮ͘ϬйϬ͘ϬйϮϭ͘ϴй ϲϵϭϬϬйϰϭϬϬйϳϯϭϬϬйϵϴϭϬϬйϮϭϬϬйϭϬϬϭϬϬй DŝŶŝŵƵŵΨϲϬ͕ϬϬϬΨϮϳϰ͕ϬϬϬΨϲϬ͕ϬϬϬΨϭϭϬ͕ϬϬϬΨϵϵ͕ϬϬϬΨϵϵ͕ϬϬϬ DĂǆŝŵƵŵΨϴϱϵ͕ϬϬϬΨϯϵϯ͕ϵϬϬΨϴϱϵ͕ϬϬϬΨϮ͕ϬϬϬ͕ϬϬϬΨϮϯϵ͕ϵϬϬΨϮ͕ϬϬϬ͕ϬϬϬ DĞĚŝĂŶΨϯϮϬ͕ϬϬϬΨϯϬϱ͕ϬϬϬΨϯϭϵ͕ϭϳϴΨϰϯϬ͕ϬϬϬΨϭϲϵ͕ϰϱϬΨϰϮϰ͕ϳϴϵ ǀĞƌĂŐĞΨϯϯϵ͕ϮϲϳΨϯϭϵ͕ϰϳϱΨϯϯϴ͕ϭϴϯΨϰϲϴ͕ϲϲϴΨϭϲϵ͕ϰϱϬΨϰϲϮ͕ϲϴϰ KEd/Eh Dy&/>Z^Z,ΘKE^h>d/E'Ϯϵϭ WWE/y d>&^Ͳϰ Z^>^zWZ/WK/Ed K>D^dKhEdzΘs//E/dz ϮϬϮϰ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚ ϭϭ ^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇdŽƚĂů^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇdŽƚĂů WƌŝĐĞZĂŶŐĞEŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ фΨϵϵ͕ϵϵϵϬ͘Ϭйϰϭ͘ϭйϰϬ͘ϮйϮϮ͘ϯйϬ͘ϬйϮϭ͘ϵй ΨϭϬϬ͕ϬϬϬƚŽΨϭϰϵ͕ϵϵϵϭϰϭ͘ϬйϮϮϲ͘ϮйϯϲϮ͘ϬйϮϮ͘ϯйϬ͘ϬйϮϭ͘ϵй ΨϭϱϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϰϳϯ͘ϯйϱϴϭϲ͘ϮйϭϬϱϲ͘Ϭйϲϳ͘Ϭйϭϱ͘ϯйϳϲ͘ϳй ΨϮϬϬ͕ϬϬϬƚŽΨϮϰϵ͕ϵϵϵϭϰϯϭϬ͘ϮйϲϮϭϳ͘ϰйϮϬϱϭϭ͘ϲйϭϯϭϱ͘ϭйϭϭϱϳ͘ϵйϮϰϮϮ͘ϵй ΨϮϱϬ͕ϬϬϬƚŽΨϮϵϵ͕ϵϵϵϮϲϯϭϴ͘ϳйϳϯϮϬ͘ϰйϯϯϲϭϵ͘ϭйϭϳϭϵ͘ϴйϯϭϱ͘ϴйϮϬϭϵ͘Ϭй ΨϯϬϬ͕ϬϬϬƚŽΨϯϰϵ͕ϵϵϵϮϰϰϭϳ͘ϰйϱϰϭϱ͘ϭйϮϵϴϭϲ͘ϵйϭϳϭϵ͘ϴйϯϭϱ͘ϴйϮϬϭϵ͘Ϭй ΨϯϱϬ͕ϬϬϬƚŽΨϯϵϵ͕ϵϵϵϭϲϯϭϭ͘ϲйϰϭϭϭ͘ϱйϮϬϰϭϭ͘ϲйϭϭϭϮ͘ϴйϬ͘ϬйϭϭϭϬ͘ϱй ΨϰϬϬ͕ϬϬϬƚŽΨϰϰϵ͕ϵϵϵϭϯϳϵ͘ϴйϭϯϯ͘ϲйϭϱϬϴ͘ϱйϳϴ͘ϭйϬ͘Ϭйϳϲ͘ϳй ΨϰϱϬ͕ϬϬϬƚŽΨϰϵϵ͕ϵϵϵϳϴϱ͘ϲйϭϮϯ͘ϰйϵϬϱ͘ϭйϮϮ͘ϯйϬ͘ϬйϮϭ͘ϵй ΨϱϬϬ͕ϬϬϬƚŽΨϳϰϵ͕ϵϵϵϭϵϴϭϰ͘ϭйϭϲϰ͘ϱйϮϭϰϭϮ͘ϭйϴϵ͘ϯйϭϱ͘ϯйϵϴ͘ϲй ΨϳϱϬ͕ϬϬϬƚŽΨϵϵϵ͕ϵϵϵϳϮϱ͘ϭйϮϬ͘ϲйϳϰϰ͘Ϯйϭϭ͘ϮйϬ͘Ϭйϭϭ͘Ϭй Ψϭ͕ϬϬϬ͕ϬϬϬĂŶĚKǀĞƌϰϲϯ͘ϯйϬ͘ϬйϰϲϮ͘ϲйϬ͘ϬйϬ͘ϬйϬϬ͘Ϭй ϭ͕ϰϬϱϭϬϬйϯϱϳϭϬϬйϭϳϲϮϭϬϬйϴϲϭϬϬйϭϵϭϬϬйϭϬϱϭϬϬй DŝŶŝŵƵŵΨϭϬϯ͕ϬϬϬΨϲϮ͕ϬϬϬΨϲϮ͕ϬϬϬΨϴϬ͕ϬϬϬΨϭϱϮ͕ϬϬϬΨϴϬ͕ϬϬϬ DĂǆŝŵƵŵΨϮ͕ϰϰϬ͕ϬϬϬΨϵϱϮ͕ϲϰϳΨϮ͕ϰϰϬ͕ϬϬϬΨϴϭϬ͕ϬϬϬΨϱϮϳ͕ϱϬϬΨϴϭϬ͕ϬϬϬ DĞĚŝĂŶΨϯϰϲ͕ϬϬϬΨϮϲϳ͕ϬϬϬΨϯϮϵ͕ϵϵϰΨϯϬϱ͕ϬϬϬΨϮϰϰ͕ϵϬϬΨϮϵϰ͕ϭϮϱ ǀĞƌĂŐĞΨϰϮϭ͕ϮϮϳΨϮϴϲ͕ϮϬϲΨϯϵϯ͕ϴϳϬΨϯϯϯ͕ϲϱϱΨϮϲϳ͕ϮϳϲΨϯϮϭ͕ϲϰϰ KůŵƐƚĞĚŽƵŶƚǇΘsŝĐŝŶŝƚǇdŽƚĂůDŝƐƚƌŝĐƚ ϭϭ ^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇdŽƚĂů^ŝŶŐůĞͲ&ĂŵŝůǇDƵůƚŝĨĂŵŝůǇdŽƚĂů WƌŝĐĞZĂŶŐĞEŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘EŽ͘WĐƚ͘ фΨϵϵ͕ϵϵϵϰϬ͘Ϯйϱϭ͘ϮйϵϬ͘ϱйϬ͘Ϭйϭϱ͘ϯйϭϭ͘Ϭй ΨϭϬϬ͕ϬϬϬƚŽΨϭϰϵ͕ϵϵϵϮϬϭ͘ϭйϮϮϱ͘ϰйϰϮϮ͘ϰйϬ͘Ϭйϯϭϱ͘ϴйϯϮ͘ϵй ΨϭϱϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵϲϱϯ͘ϳйϲϬϭϰ͘ϲйϭϮϱϳ͘ϭйϭϭ͘Ϯйϭϱ͘ϯйϮϭ͘ϵй ΨϮϬϬ͕ϬϬϬƚŽΨϮϰϵ͕ϵϵϵϭϴϴϭϬ͘ϲйϳϵϭϵ͘ϯйϮϲϳϭϱ͘ϮйϮϮ͘ϯйϮϭϬ͘ϱйϰϯ͘ϴй ΨϮϱϬ͕ϬϬϬƚŽΨϮϵϵ͕ϵϵϵϯϭϳϭϳ͘ϴйϴϵϮϭ͘ϳйϰϬϲϮϯ͘ϬйϬ͘ϬйϬ͘ϬйϬϬ͘Ϭй ΨϯϬϬ͕ϬϬϬƚŽΨϯϰϵ͕ϵϵϵϯϬϴϭϳ͘ϯйϱϵϭϰ͘ϰйϯϲϳϮϬ͘ϴйϭϭ͘ϮйϬ͘Ϭйϭϭ͘Ϭй ΨϯϱϬ͕ϬϬϬƚŽΨϯϵϵ͕ϵϵϵϭϵϵϭϭ͘Ϯйϰϴϭϭ͘ϳйϮϰϳϭϰ͘ϬйϬ͘ϬйϮϭϬ͘ϱйϮϭ͘ϵй ΨϰϬϬ͕ϬϬϬƚŽΨϰϰϵ͕ϵϵϵϭϳϳϭϬ͘Ϭйϭϰϯ͘ϰйϭϵϭϭϬ͘ϴйϬ͘ϬйϬ͘ϬйϬϬ͘Ϭй ΨϰϱϬ͕ϬϬϬƚŽΨϰϵϵ͕ϵϵϵϵϵϱ͘ϲйϭϯϯ͘ϮйϭϭϮϲ͘ϰйϬ͘ϬйϬ͘ϬйϬϬ͘Ϭй ΨϱϬϬ͕ϬϬϬƚŽΨϳϰϵ͕ϵϵϵϮϱϴϭϰ͘ϱйϭϵϰ͘ϲйϮϳϳϭϱ͘ϳйϬ͘ϬйϬ͘ϬйϬϬ͘Ϭй ΨϳϱϬ͕ϬϬϬƚŽΨϵϵϵ͕ϵϵϵϴϵϱ͘ϬйϮϬ͘ϱйϵϭϱ͘ϮйϬ͘ϬйϬ͘ϬйϬϬ͘Ϭй Ψϭ͕ϬϬϬ͕ϬϬϬĂŶĚKǀĞƌϱϮϮ͘ϵйϬϬ͘ϬйϱϮϯ͘ϬйϬ͘ϬйϬ͘ϬйϬϬ͘Ϭй ϭ͕ϳϳϲϭϬϬйϰϭϬϭϬϬйϮ͕ϭϴϲϭϮϰйϰϱйϵϰϳйϭϯϭϮй DŝŶŝŵƵŵΨϲϬ͕ϬϬϬΨϲϮ͕ϬϬϬΨϲϬ͕ϬϬϬΨϭϴϬ͕ϬϬϬΨϲϮ͕ϬϬϬΨϲϮ͕ϬϬϬ DĂǆŝŵƵŵΨϮ͕ϰϰϬ͕ϬϬϬΨϵϱϮ͕ϲϰϳΨϮ͕ϰϰϬ͕ϬϬϬΨϯϱϭ͕ϬϬϬΨϯϴϱ͕ϬϬϬΨϯϴϱ͕ϬϬϬ DĞĚŝĂŶΨϯϰϱ͕ϬϬϬΨϮϲϳ͕ϬϬϬΨϯϮϵ͕ϵϬϴΨϮϮϳ͕ϱϬϬΨϭϱϬ͕ϬϬϬΨϭϳϯ͕ϴϰϲ ǀĞƌĂŐĞΨϰϭϳ͕ϬϮϴΨϮϴϳ͕ϮϭϵΨϯϵϭ͕ϵϭϮΨϮϰϲ͕ϱϬϬΨϭϵϳ͕ϯϬϬΨϮϭϮ͕ϰϯϴ ϭ /ŶĐůƵĚĞƐƚŽǁŶŚŽŵĞƐ͕ĚĞƚĂĐŚĞĚƚŽǁŶŚŽŵĞƐ͕ƚǁŝŶŚŽŵĞƐ͕ĐŽŶĚŽŵŝŶŝƵŵƐ͕ĂŶĚĐŽŽƉĞƌĂƚŝǀĞƐ ^ŽƵƌĐĞƐ͗ZĞŐŝŽŶĂůDƵůƚŝƉůĞ>ŝƐƚŝŶŐ^ĞƌǀŝĐĞŽĨDŝŶŶĞƐŽƚĂ;ZD>^Ϳ DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϮϵϮ WWE/y d>&^Ͳϱ KtEZͲKhW/dhZEKsZ K>D^dKhEdzDZ<dZ KǁŶĞƌͲŽĐĐƵƉŝĞĚZĞƐĂůĞƐdƵƌŶŽǀĞƌ ϭϮ ,ŽƵƐŝŶŐhŶŝƚƐŶŶƵĂůǀŐ͘ ^ƵďŵĂƌŬĞƚWĐƚ͘ ǇƌŽŶϮ͕ϵϰϯϭϰϭϰ͘ϴй ŚĂƚĨŝĞůĚϭ͕ϯϬϲϰϲϯ͘ϱй ĂƐƚϮ͕ϳϮϮϵϬϯ͘ϯй EŽƌƚŚϯ͕ϭϴϴϵϴϯ͘ϭй ZŽĐŚĞƐƚĞƌͬZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞϯϲ͕ϮϲϮϮ͕Ϭϯϱϱ͘ϲй ^ƚĞǁĂƌƚǀŝůůĞϮ͕ϵϲϰϵϴϯ͘ϯй KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂϰϵ͕ϯϴϱϮ͕ϱϬϴϱ͘ϭй DŝƐƌŝĐƚΎϯϳϵϭϵϱ͘Ϭй ΎDŝƐƚƌŝĐƚďĂƐĞĚŽŶϮϬϮϬĞŶƐƵƐŽĨŽǁŶĞƌͲŽĐĐƵƉŝĞĚƵŶŝƚƐ ϭ KǁŶĞƌͲŽĐĐƵƉŝĞĚŚŽƵƐŝŶŐƵŶŝƚƐŝŶϮϬϮϯ;^Ϳ Ϯ ǀĞƌĂŐĞŽĨD>^ƌĞƐĂůĞƐďĞƚǁĞĞŶϮϬϮϬĂŶĚϮϬϮϰ ^ŽƵƌĐĞ͗h͘^͘ĞŶƐƵƐƵƌĞĂƵ͕ZĞŐŝŽŶĂůD>^ŽĨDE͕DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϵϯ WWE/y d>&^Ͳϲ sZ'ΘD/E^>^WZ/WZ^YhZ&KKd;W^&Ϳ K>D^dKhEdzEdt/E/d/^DdZKZ ϮϬϭϬƚŽϮϬϮϰ KůŵƐƚĞĚŽƵŶƚǇdǁŝŶŝƚŝĞƐDĞƚƌŽƌĞĂ zĞĂƌǀŐ͘DĞĚŝĂŶǀŐ͘DĞĚŝĂŶ ϮϬϭϬΨϳϴΨϳϲΨϭϬϰΨϵϲ ϮϬϭϭΨϳϯΨϳϯΨϵϯΨϴϲ ϮϬϭϮΨϴϮΨϳϵΨϭϬϭΨϵϯ ϮϬϭϯΨϵϬΨϴϰΨϭϭϯΨϭϬϲ ϮϬϭϰΨϵϰΨϴϵΨϭϮϮΨϭϭϮ ϮϬϭϱΨϭϬϭΨϵϱΨϭϮϳΨϭϭϳ ϮϬϭϲΨϭϭϭΨϭϬϱΨϭϯϰΨϭϮϰ ϮϬϭϳΨϭϮϮΨϭϭϰΨϭϰϯΨϭϯϮ ϮϬϭϴΨϭϮϳΨϭϭϴΨϭϱϯΨϭϰϮ ϮϬϭϵΨϭϯϭΨϭϮϱΨϭϲϬΨϭϰϵ ϮϬϮϬΨϭϰϭΨϭϯϰΨϭϲϵΨϭϱϴ ϮϬϮϭΨϭϱϳΨϭϱϮΨϭϴϵΨϭϳϴ ϮϬϮϮΨϭϳϮΨϭϲϯΨϮϬϯΨϭϵϭ ϮϬϮϯΨϭϳϲΨϭϲϳΨϮϬϳΨϭϵϰ ϮϬϮϰΨϭϴϯΨϭϳϱΨϮϭϭΨϭϵϴ ^ŽƵƌĐĞ͗ϭϬ<ZĞƐĞĂƌĐŚΘDĂƌŬĞƚŝŶŐ͕DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϵϰ WWE/y d>&^Ͳϳ D/E^>^WZ/WZ^YhZ&KKd;W^&ͿKDWZ/^KE y/^d/E',KDs^͘EtKE^dZhd/KE K>D^dKhEdzEdt/E/d/^DdZKZ ϮϬϭϬƚŽϮϬϮϰ KůŵƐƚĞĚŽƵŶƚǇdǁŝŶŝƚŝĞƐDĞƚƌŽƌĞĂ ǆŝƐƚŝŶŐEĞǁǆŝƐƚŝŶŐEĞǁ zĞĂƌ,ŽŵĞŽŶƐƚ͘,ŽŵĞŽŶƐƚ͘ ϮϬϭϬΨϳϰΨϵϭΨϵϱΨϭϮϵ ϮϬϭϭΨϳϭΨϵϯΨϴϰΨϭϮϱ ϮϬϭϮΨϳϳΨϭϭϮΨϵϭΨϭϯϭ ϮϬϭϯΨϴϭΨϭϰϬΨϭϬϯΨϭϰϬ ϮϬϭϰΨϴϳΨϭϱϬΨϭϭϬΨϭϱϭ ϮϬϭϱΨϵϮΨϭϱϰΨϭϭϱΨϭϱϰ ϮϬϭϲΨϭϬϭΨϭϱϴΨϭϮϮΨϭϱϳ ϮϬϭϳΨϭϭϭΨϭϲϰΨϭϯϬΨϭϲϯ ϮϬϭϴΨϭϭϲΨϭϲϵΨϭϯϵΨϭϳϮ ϮϬϭϵΨϭϮϮΨϭϳϱΨϭϰϲΨϭϳϱ ϮϬϮϬΨϭϯϭΨϭϴϳΨϭϱϲΨϭϴϬ ϮϬϮϭΨϭϱϬΨϮϭϯΨϭϳϲΨϭϵϴ ϮϬϮϮΨϭϲϬΨϮϯϳΨϭϴϴΨϮϭϴ ϮϬϮϯΨϭϲϯΨϮϰϮΨϭϵϭΨϮϭϮ ϮϬϮϰΨϭϳϬΨϮϯϱΨϭϵϱΨϮϭϳ EŽƚĞ͗dǁŝŶŝƚŝĞƐDĞƚƌŽƌĞĂсdǁŝŶŝƚŝĞƐD^ ^ŽƵƌĐĞ͗ϭϬ<ZĞƐĞĂƌĐŚΘDĂƌŬĞƚŝŶŐ͕DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϵϱ Ϯϵϲ ϱϬ͘ϬйϱϬ͘ϬйϲϬ͘ϬйϰϬ͘Ϭй ϭϬϬйϭϬϬй WĐƚ͘WĐƚ͘ ϭϭ DƵůƚŝĨĂŵŝůǇDƵůƚŝĨĂŵŝůǇ ΨϮϮϵ͕ϵϬϬΨϮϱϮ͕ϵϬϬΨϮϰϭ͕ϰϬϬΨϮϰϭ͕ϰϬϬΨϭϱϬ͕ϬϬϬΨϮϱϵ͕ϵϬϬΨϭϳϰ͕ϵϬϬΨϭϵϵ͕ϯϱϬ ϭϭ ϮϯϮϱ EŽƌƚŚ^ƵďŵĂƌŬĞƚ EŽ͘ EŽ͘ DŝƐƚƌŝĐƚ Ϯϭ͘ϭй ϱ͘ϯйϱ͘ϯйϮϭ͘ϭйϭϱ͘ϴйϮϭ͘ϭйϭϬ͘ϱйϭϬϬйϭϵϭϬϬйϳϱ͘ϬйϮϱ͘ϬйϭϬϬй WĐƚ͘ WĐƚ͘ ^ŝŶŐůĞͲ&ĂŵŝůǇ^ŝŶŐůĞͲ&ĂŵŝůǇ ΨϭϱϮ͕ϬϬϬΨϭϭϬ͕ϬϬϬΨϯϵϵ͕ϵϬϬΨϰϱϳ͕ϳϭϲΨϱϬϬ͕ϬϬϬΨϴϵϵ͕ϬϬϬΨϱϬϬ͕ϬϬϬΨϱϵϵ͕ϳϱϬ ϰϭϭϰϯϰϮϯϭ ϰ EŽ͘EŽ͘ ϲϲ͘ϳйϯϯ͘ϯйϭϰ͘ϬйϮϲϵ͘ϭйϭϳϮϵ͘ϴйϰϮϭϰ͘ϲйϭϲϮϴ͘ϭй WĐƚ͘ϭ͘ϴйϳ͘Ϭйϱ͘ϯйϭϮ͘ϯйϭ͘ϴйϭϬϬйϮϴϳϭϬϬ͘ϬйϱϳϭϬϬ͘Ϭй WĐƚ͘ ϭϭ DƵůƚŝĨĂŵŝůǇDƵůƚŝĨĂŵŝůǇ ΨϮϱϵ͕ϵϬϬΨϯϳϵ͕ϬϬϬΨϮϳϵ͕ϵϬϬΨϯϬϲ͕ϮϲϳΨϱϮϵ͕ϵϬϬΨϮϴϰ͕ϵϬϬΨϮϵϴ͕ϴϬϲ Ψϵϴ͕ϬϬϬ KůŵƐƚĞĚŽƵŶƚǇΘsŝĐŝŶŝƚǇ Ϯϭϯ EŽ͘ϭϰϯϴϳϭ EŽ͘ ĂƐƚ^ƵďŵĂƌŬĞƚ ϭϬ͘ϬйϭϬ͘ϬйϮϬ͘ϬйϮϬ͘ϬйϰϬ͘ϬйϭϬϬйϭϬϭϬϬйϭ͘ϳйϭϬϬ͘Ϭйϭϲϱ͘ϲй WĐƚ͘ϭ͘ϰйϭϬϯ͘ϱйϯϮϭϭ͘ϭйϳϴϮϳ͘ϮйϯϬϭϬ͘ϱйϰϰϭϱ͘ϯй WĐƚ͘ ^ŝŶŐůĞͲ&ĂŵŝůǇ^ŝŶŐůĞͲ&ĂŵŝůǇ Ψϰ͕ϵϬϬ͕ϬϬϬ ΨϭϬϱ͕ϬϬϬΨϲϲϵ͕ϵϬϬΨϯϮϳ͕ϰϱϬΨϯϵϬ͕ϴϵϬΨϱϭϵ͕ϬϬϬΨϲϯϰ͕ϱϴϬ Ψϱϱ͕ϬϬϬ ϭϭϮϮϰϱϰ EŽ͘ EŽ͘ ,KD^hZZEd>z>/^d&KZͲ^> K>D^dKhEdzΘs//E/dz ϱϬ͘ϬйϱϬ͘Ϭй WĐƚ͘WĐƚ͘ ϭϭ :ĂŶƵĂƌǇϮϬϮϱ DƵůƚŝĨĂŵŝůǇDƵůƚŝĨĂŵŝůǇ d>&^Ͳϴ ΨϮϮϵ͕ϵϬϬΨϮϴϰ͕ϵϬϬΨϮϱϳ͕ϰϬϬΨϮϱϳ͕ϰϬϬΨϮϰϰ͕ϵϬϬΨϮϰϰ͕ϵϬϬΨϮϰϰ͕ϵϬϬΨϮϰϰ͕ϵϬϬ ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚ ϭϭϮϭϭ ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚ EŽ͘ EŽ͘ ϴ͘ϯйϯϯ͘ϯйϮϱ͘Ϭйϯϯ͘ϯйϮϯϵϲйϭϭϭϬϬйϭϮϭϬϬйϯϭ͘ϯйϭϮ͘ϱйϯϭ͘ϯйϭϮ͘ϱй ϲ͘ϯйϲ͘ϯйϮϬϳϭϬϬйϯϴϭϬϬйϭϲϭϬϬй WĐƚ͘WĐƚ͘ ^ŝŶŐůĞͲ&ĂŵŝůǇ^ŝŶŐůĞͲ&ĂŵŝůǇ Ψϭ͕ϭϳϱ͕ϬϬϬ ΨϮϰϵ͕ϵϬϬΨϲϵϳ͕ϱϬϬΨϯϯϰ͕ϵϬϬΨϰϬϵ͕ϳϯϯΨϰϭϱ͕ϳϮϱΨϯϳϴ͕ϲϮϮ Ψϱϱ͕ϬϬϬ ^ŽƵƌĐĞƐ͗ZĞŐŝŽŶĂůDƵůƚŝƉůĞ>ŝƐƚŝŶŐ^ĞƌǀŝĐĞŽĨDŝŶŶĞƐŽƚĂ;ZD>^Ϳ͕DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ϭϰϯϰϱϭ ϮϱϮϭ EŽ͘EŽ͘ ϳϮ͘ϳйϮϳ͘ϯй WĐƚ͘Ϯ͘ϲйϭϬ͘ϱйϳ͘ϵйϭϯ͘Ϯйϭϳϴ͘Ϯйϭϯϯϰ͘Ϯйϭϴ͘ϰйϭϬ͘ϱйϮ͘ϲй WĐƚ͘ ϭϭ DƵůƚŝĨĂŵŝůǇDƵůƚŝĨĂŵŝůǇ ΨϯϮϵ͕ϵϬϬΨϰϯϰ͕ϵϬϬΨϯϴϰ͕ϵϬϬΨϯϳϴ͕ϳϰϱΨϱϮϵ͕ϵϬϬΨϮϲϳ͕ϰϱϬΨϮϴϭ͕ϲϵϲ Ψϵϴ͕ϬϬϬ ϴϯ EŽ͘ϭϰϯϱϳϰϭ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ EŽ͘ KE^h>d/E' ǇƌŽŶ^ƵďŵĂƌŬĞƚ ϰ͘ϯйϴ͘ϳйϰ͘ϯйϭϳ͘ϰйϭϳ͘ϰй ϭϬϰϯ͘ϱй WĐƚ͘ϭ͘ϬйϮ͘ϰйϭϮϱ͘ϴйϯϬϭϰ͘ϱйϮϬϵ͘ϳйϱϰϮϲ͘ϭйϮϲϭϮ͘ϲйϰϭϭϵ͘ϴй WĐƚ͘ ^ŝŶŐůĞͲ&ĂŵŝůǇ^ŝŶŐůĞͲ&ĂŵŝůǇ Ψϰ͕ϵϬϬ͕ϬϬϬ Ψϭϴϰ͕ϵϬϬΨϴϳϱ͕ϬϬϬΨϱϮϵ͕ϵϬϬΨϱϰϮ͕ϯϬϬΨϭϰϬ͕ϬϬϬΨϱϰϱ͕ϬϬϬΨϳϬϱ͕ϲϱϴ Dy&/>Z^Z,Θ ϭϭϮϭϰϰϮ EŽ͘ϱ EŽ͘ ΨϭϬϬ͕ϬϬϬƚŽΨϭϰϵ͕ϵϵϵΨϭϱϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵΨϮϬϬ͕ϬϬϬƚŽΨϮϰϵ͕ϵϵϵΨϮϱϬ͕ϬϬϬƚŽΨϮϵϵ͕ϵϵϵΨϯϬϬ͕ϬϬϬƚŽΨϯϵϵ͕ϵϵϵΨϰϬϬ͕ϬϬϬƚŽΨϰϵϵ͕ϵϵϵΨϱϬϬ͕ϬϬϬƚŽΨϳϰϵ͕ϵϵϵ ΨϳϱϬ͕ϬϬϬƚŽΨϵϵϵ͕ϵϵϵΨϭϬϬ͕ϬϬϬƚŽΨϭϰϵ͕ϵϵϵΨϭϱϬ͕ϬϬϬƚŽΨϭϵϵ͕ϵϵϵΨϮϬϬ͕ϬϬϬƚŽΨϮϰϵ͕ϵϵϵΨϮϱϬ͕ϬϬϬƚŽΨϮϵϵ͕ϵϵϵΨϯϬϬ͕ϬϬϬƚŽΨϯϵϵ͕ϵϵϵΨϰϬϬ͕ϬϬϬƚŽΨϰϵϵ͕ϵϵϵΨϱϬϬ͕ϬϬϬƚŽΨϳϰϵ͕ϵϵϵΨϳϱϬ͕ϬϬϬƚŽΨϵϵϵ͕ϵϵϵ Ψϭ͕ϬϬϬ͕ϬϬϬĂŶĚKǀĞƌΨϭ͕ϬϬϬ͕ϬϬϬĂŶĚKǀĞƌ DĂǆŝŵƵŵ DĂǆŝŵƵŵ DŝŶŝŵƵŵ DŝŶŝŵƵŵ WWE/y ǀĞƌĂŐĞǀĞƌĂŐĞ DĞĚŝĂŶDĞĚŝĂŶ WƌŝĐĞZĂŶŐĞ WƌŝĐĞZĂŶŐĞ фΨϵϵ͕ϵϵϵ фΨϵϵ͕ϵϵϵ WWE/y d>&^Ͳϵ d/s>/^d/E'^zdzWΘ^hDZ<d :EhZzϮϬϮϱ WƌŽĚƵĐƚdǇƉĞ ^ƵďŵĂƌŬĞƚ^ŝŶŐůĞͲ&ĂŵŝůǇdŽǁŶŚŽŵĞͬdǁŝŶŚŽŵĞŽŶĚŽͬŽŽƉdŽƚĂů >ŝƐƚŝŶŐƐ ƌǇŽŶϮϯϭϭϬϯϰ ŚĂƚĨŝĞůĚϭϮϮϬϭϰ ĂƐƚϭϬϯϬϭϯ EŽƌƚŚϭϵϮϬϮϭ ZŽĐŚĞƐƚĞƌϮϬϳϮϲϭϮϮϰϱ ^ƚĞǁĂƌƚǀŝůůĞϭϲϭϬϭϳ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂϮϴϳϰϱϭϮϯϰϰ DŝƐƚƌŝĐƚϱϬϰϵ WĞƌĐĞŶƚ ĂƐƚϳϲ͘ϵйϮϯ͘ϭйϬ͘ϬйϭϬϬй ŚĂƚĨŝĞůĚϴϱ͘ϳйϭϰ͘ϯйϬ͘ϬйϭϬϬй ƌǇŽŶϲϳ͘ϲйϯϮ͘ϰйϬ͘ϬйϭϬϬй EŽƌƚŚϵϬ͘ϱйϵ͘ϱйϬ͘ϬйϭϬϬй ZŽĐŚĞƐƚĞƌϴϰ͘ϱйϭϬ͘ϲйϰ͘ϵйϭϬϬй ^ƚĞǁĂƌƚǀŝůůĞϵϰ͘ϭйϱ͘ϵйϬ͘ϬйϭϬϬй KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂϴϯ͘ϰйϭϯ͘ϭйϯ͘ϱйϭϬϬй DŝƐƚƌŝĐƚϱϱ͘ϲйϬ͘Ϭйϰϰ͘ϰйϭϬϬ͘Ϭй ^ŽƵƌĐĞ͗ZĞŐŝŽŶĂůDƵůƚŝƉůĞ>ŝƐƚŝŶŐ^ĞƌǀŝĐĞŽĨDE͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϵϳ WWE/y d>&^Ͳϵ d/s>/^d/E'^zdzWΘ^hDZ<d :EhZzϮϬϮϱ WƌŽĚƵĐƚdǇƉĞ ^ƵďŵĂƌŬĞƚ^ŝŶŐůĞͲ&ĂŵŝůǇdŽǁŶŚŽŵĞͬdǁŝŶŚŽŵĞŽŶĚŽͬŽŽƉdŽƚĂů >ŝƐƚŝŶŐƐ ƌǇŽŶϮϯϭϭϬϯϰ ŚĂƚĨŝĞůĚϭϮϮϬϭϰ ĂƐƚϭϬϯϬϭϯ EŽƌƚŚϭϵϮϬϮϭ ZŽĐŚĞƐƚĞƌϮϬϳϮϲϭϮϮϰϱ ^ƚĞǁĂƌƚǀŝůůĞϭϲϭϬϭϳ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂϮϴϳϰϱϭϮϯϰϰ DŝƐƚƌŝĐƚϱϬϰϵ WĞƌĐĞŶƚ ĂƐƚϳϲ͘ϵйϮϯ͘ϭйϬ͘ϬйϭϬϬй ŚĂƚĨŝĞůĚϴϱ͘ϳйϭϰ͘ϯйϬ͘ϬйϭϬϬй ƌǇŽŶϲϳ͘ϲйϯϮ͘ϰйϬ͘ϬйϭϬϬй EŽƌƚŚϵϬ͘ϱйϵ͘ϱйϬ͘ϬйϭϬϬй ZŽĐŚĞƐƚĞƌϴϰ͘ϱйϭϬ͘ϲйϰ͘ϵйϭϬϬй ^ƚĞǁĂƌƚǀŝůůĞϵϰ͘ϭйϱ͘ϵйϬ͘ϬйϭϬϬй KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂϴϯ͘ϰйϭϯ͘ϭйϯ͘ϱйϭϬϬй DŝƐƚƌŝĐƚϱϱ͘ϲйϬ͘Ϭйϰϰ͘ϰйϭϬϬ͘Ϭй ^ŽƵƌĐĞ͗ZĞŐŝŽŶĂůDƵůƚŝƉůĞ>ŝƐƚŝŶŐ^ĞƌǀŝĐĞŽĨDE͖DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϵϴ WWE/y d>&^Ͳϭϭ d/s^hWW>zK&,KD^&KZ^> K>D^dKhEdzΘDdZKZ ϮϬϬϱƚŽϮϬϮϰ DŽŶƚŚƐ^ƵƉƉůǇ,ŽŵĞƐĨŽƌ^ĂůĞ KůŵƐƚĞĚdǁŝŶŝƚŝĞƐKůŵƐƚĞĚdǁŝŶŝƚŝĞƐ zĞĂƌŽƵŶƚǇZĞŐŝŽŶŽƵŶƚǇZĞŐŝŽŶ ϮϬϬϱϲ͘ϰϰ͘ϮϲϲϬϮϯ͕ϲϯϳ ϮϬϬϲϳ͘ϰϲ͘ϲϳϱϱϯϬ͕ϰϲϳ ϮϬϬϳϭϭ͘ϭϴ͘ϴϭ͕ϭϬϱϯϯ͕ϰϱϳ ϮϬϬϴϴ͘ϰϵ͘ϳϭ͕ϯϲϵϯϮ͕ϲϲϰ ϮϬϬϵϲ͘ϲϳ͘ϯϭ͕ϮϲϮϮϳ͕ϭϱϳ ϮϬϭϬϴ͘ϯϳ͘ϰϭ͕ϱϰϴϮϳ͕ϰϳϱ ϮϬϭϭϳ͘ϲϳ͘ϭϭ͕ϭϵϯϮϯ͕ϰϮϬ ϮϬϭϮϱ͘ϭϰ͘ϱϴϲϰϭϳ͕ϳϳϬ ϮϬϭϯϯ͘ϴϯ͘ϱϳϱϱϭϱ͕ϱϵϴ ϮϬϭϰϯ͘ϲϯ͘ϵϳϭϲϭϲ͕ϳϵϴ ϮϬϭϱϮ͘ϱϯ͘ϱϱϲϮϭϱ͕ϵϭϱ ϮϬϭϲϭ͘ϵϮ͘ϳϰϱϰϭϯ͕ϱϵϳ ϮϬϭϳϭ͘ϵϮ͘ϯϰϮϯϭϭ͕ϲϯϳ ϮϬϭϴϮ͘ϮϮ͘ϮϰϳϴϭϬ͕ϵϯϴ ϮϬϭϵϮ͘ϮϮ͘ϯϰϴϭϭϭ͕ϭϲϮ ϮϬϮϬϭ͘ϱϭ͘ϴϯϰϯϵ͕Ϯϱϳ ϮϬϮϭϭ͘Ϭϭ͘ϮϮϰϭϲ͕ϵϭϬ ϮϬϮϮϭ͘ϰϭ͘ϱϮϵϯϳ͕ϱϰϰ ϮϬϮϯϭ͘ϵϮ͘ϬϯϯϬϳ͕ϲϰϴ ϮϬϮϰϮ͘ϮϮ͘ϯϯϴϰϴ͕ϴϭϭ EŽƚĞ͗,ŽŵĞƐĨŽƌƐĂůĞďĂƐĞĚŽŶƌŽůůŝŶŐϭϮͲŵŽŶƚŚĚĂƚĂĂƚĞŶĚŽĨǇĞĂƌ ^ŽƵƌĐĞ͗ϭϬ<ZĞƐĞĂƌĐŚΘDĂƌŬĞƚŝŶŐ͕DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'Ϯϵϵ ϯϬϬ ,ŽŵĞsĂůƵĞ Ϭ͘ϰϯΨϭϯϳ͕ϱϬϬΨϭ͕ϬϮϮ͕ϱϬϬ Ϭ͘ϮϴΨϲϱ͕ϬϬϬΨϰϵϵ͕ϳϭϳϭϯϲϭϭϬ͘ϰϯΨϭϭϬ͕ϰϬϬΨϲϱϲ͕ϮϬϰϬ͘ϰϯΨϭϭϴ͕ϬϬϬΨϴϭϮ͕ϲϴϬ Ϭ͘ϰϭΨϭϭϰ͕ϯϰϴΨϲϭϮ͕Ϭϵϲ Ϭ͘ϮϱΨϲϳ͕ϱϬϬΨϰϮϲ͕ϰϮϳ ϭϯϮϮϱϬ͘ϭϰΨϱϵ͕ϳϲϵΨϰϮϴ͕ϮϱϬϬ͘ϰϰΨϰϱ͕ϬϬϬΨϮϳϭ͕ϲϰϭ ϭϵϬ͘ϮϲΨϳϵ͕ϬϬϬΨϮϳϰ͕ϭϮϬϭϴϬ͘ϮϰΨϭϮϰ͕ϭϲϲΨϳϴϮ͕ϭϭϲϰϰϬ͘ϰϯΨϭϱϵ͕ϬϬϬΨϰϴϵ͕ϲϭϰϭϭϬ͘ϴϬΨϭϯϲ͕ϬϬϬΨϴϴϴ͕ϯϮϬϭϮϬ͘ϯϭΨϵϲ͕ϬϬϬΨϲϭϲ͕ϱϰϬϮϬϬ͘ϲϭΨϭϭϬ͕ϬϬϬΨϯϳϵ͕ϭϬϬϬ͘ϬϵΨϳϲ͕ϱϯϴΨϱϯϳ͕ϰϲϭϬ͘ϬϲΨϮϴ͕ϰϴϱΨϯϮϳ͕ϵϴϮ ϭϮϬ͘ϬϳΨϳϰ͕ϭϲϳΨϰϲϯ͕ϴϵϮϯϴϬ͘ϰϰΨϰϱ͕ϬϬϬΨϮϳϭ͕ϲϰϭ ǀŐ͘ǀŐ͘ Ϭ͘ϲϮΨϰϯ͕ϱϳϭΨϬ >ŽƚsĂůƵĞ ϭϰϬ͘ϲϮΨϰϯ͕ϱϳϭ ǀŐ͘ ǀĂŝů͘>ŽƚƐ>Žƚ^ŝǌĞ sĂĐĂŶƚͬ ϯϲϭϭϱϬ ϯϴϭϰ ϵϴ ϯϯϮϯ >Kd/EsEdKZzͲd/sEtZ^h/s/^/KE^;ϱнsEd>Kd^Ϳ >ŽƚƐͬhŶŝƚƐ EŽ͘ŽĨ ϮϳϮϵϮϵϭϲϮϳϯϲϰϴϭϰ ϮϯϱϭϮϮϮϯϮϭϱϭ ϭϰ ϱϭ ϱ K>D^dKhEdzΘs//E/dz ϰƚŚYƵĂƌƚĞƌϮϬϮϰ d>&^ͲϭϮ KEd/Eh 'ŽůĚĞŶdĞĞĞǀĞůŽƉŵĞŶƚ͕ŝŐĞůŽǁ 'ŽĚĞŶdĞĞĞǀĞůŽƉŵĞŶƚ͕sĂƌŝŽƵƐ KǁŶĞƌ 'ŽůĚĞŶdĞĞĞǀĞůŽƉŵĞŶƚ'ŽůĚĞŶdĞĞĞǀĞůŽƉŵĞŶƚ dW^ŽŵĞƌďǇ>> DŝĐŚĂĞů^ŽŐůĂ ĚŶĂ,ĂĂƐĂ >Ϯ>>>Ϯ>>>Ϯ>> ŝŐĞůŽǁŝŐĞůŽǁ sĂƌŝŽƵƐsĂƌŝŽƵƐsĂƌŝŽƵƐsĂƌŝŽƵƐ ŝƚǇͬdǁƉ͘ <ĂůŵĂƌdǁƉ<ĂůŵĂƌdǁƉ<ĂůŵĂƌdǁƉ ŚĂƚĨŝĞůĚŚĂƚĨŝĞůĚ ǇƌŽŶǇƌŽŶǇƌŽŶǇƌŽŶǇƌŽŶǇƌŽŶǇƌŽŶǇƌŽŶǇƌŽŶǇƌŽŶǇƌŽŶ Dy&/>Z^Z,ΘKE^h>d/E' ,d&/>^hDZ<dͲ^/E'>&D/>z ,d&/>^hDZ<dͲDh>d/&D/>z zZKE^hDZ<dͲ^/E'>Ͳ&D/>z dŽǁŶ^ƋƵĂƌĞdŽǁŶŚŽŵĞƐͬĂƐƚsŝůůĂŐĞ ^ŽŵĞƌďǇͲ'ŽůĨŽŵŵƵŶŝƚǇůƵďŚŽƵƐĞ ^ŽƵƚŚǁĞůů^ŽŵďĞƌďǇ'ŽůĨŽŵŵƵŶŝƚǇ zZKE^hDZ<dͲDh>d/&D/>z ŝƐĞǁŽƌƚŚdŽǁŶŚŽŵĞƐĂƚ^ŽŵĞƌďǇ ^ŽŵĞƌďǇͲ'ŽůĨŽŵŵƵŶŝƚǇtĞƐƚ ^ŽŵĞƌďǇͲĞůǀŝŽƌdŽǁŶŚŽŵĞƐ ^ŽŵďĞƌďǇͲ'ŽůĨŽŵŵƵŶŝƚǇ DŽŶƚŐŽŵĞƌǇDĞĂĚŽǁƐϮŶĚ DŽŶƚŐŽŵĞƌǇDĞĂĚŽǁƐϯƌĚ ĂƐƚƌŽŽŬĨŝĞůĚϰƚŚĚĚŶ ƌŽŽŬ>ĂǁŶƐƚĂƚĞƐϭϬƚŚ DŽŶƚŐŽŵĞƌǇDĞĂĚŽǁƐ ^ŚĂƌĚůŽǁϮŶĚĚĚŝƚŝŽŶ ^ŽŵĞƌďǇͲƌŝĚŐĞĨŽƌĚ 'ũĞƌĞĚĚŝƚŝŽŶ WWE/yD&^ƵďƚŽƚĂůD&^ƵďƚŽƚĂů ,ŝƐĞƐǇΖƐϮŶĚ ^ƵďĚŝǀŝƐŝŽŶ^&^ƵďƚŽƚĂů^&^ƵďƚŽƚĂů ϯϬϭ ,ŽŵĞsĂůƵĞ ϭ͘ϬϭΨϭϭϭ͕ϬϭϴΨϰϭϰ͕ϵϭϰ Ϭ͘ϮϭΨϯϯ͕ϰϵϭΨϮϬϴ͕ϴϱϵ Ϭ͘ϬϱΨϯϱ͕ϬϬϬΨϮϰϱ͕ϱϲϳϬ͘ϬϳΨϱϱ͕ϬϬϬΨϮϵϱ͕ϳϮϴ Ϭ͘ϬϲΨϰϵ͕ϭϭϴΨϮϴϬ͕ϵϳϱ Ϭ͘ϲϬΨϵϯ͕ϭϬϱΨϯϬϰ͕ϰϴϵϯ͘ϭϬΨϮϰϯ͕ϳϱϬΨϵϴϳ͕ϰϱϬϯ͘ϵϭΨϮϮϱ͕ϬϬϬΨϴϰϵ͕ϯϬϬϬ͘ϯϳΨϲϭ͕ϴϰϮΨϰϭϳ͕ϯϴϵ Ϭ͘ϬϰΨϯϱ͕ϬϬϬΨϮϬϮ͕ϰϬϮ Ϭ͘ϭϲΨϱϱ͕ϬϬϬΨϮϲϮ͕ϲϮϱϭϬϬ͘ϮϱΨϮϴ͕ϬϮϱΨϮϭϴ͕ϱϴϬϮϬϬ͘ϭϬΨϮϵ͕ϬϬϬΨϮϳϭ͕ϲϰϬϭ͘ϬϴΨϮϮϯ͕ϮϬϬΨϱϱϵ͕ϭϭϭϭϲϬ͘ϴϵΨϴϮ͕ϲϯϱΨϮϮϬ͕ϯϯϵϭ͘ϱϬΨϯϴ͕ϮϬϬΨϮϯϰ͕ϭϯϯϭϬϬ͘ϯϭΨϱϵ͕ϯϳϱΨϰϭϭ͕ϳϬϬϮϭϬ͘ϮϮΨϴϬ͕ϮϭϳΨϰϮϬ͕ϭϭϳ ϭϱϬ͘ϬϰΨϯϱ͕ϬϬϬΨϮϬϮ͕ϰϬϮ ǀŐ͘ǀŐ͘ǀŐ͘ >ŽƚsĂůƵĞ ϭϮϮ͘ϯϰΨϮϮϱ͕ϬϬϬϭϭϮ͘ϮϯΨϮϮϱ͕ϬϬϬ ϭϮϬ͘ϰϮΨϯϱ͕ϬϬϬ ϯϮϬ͘ϯϲΨϱϵ͕ϱϲϮ ǀĂŝů͘>ŽƚƐ>Žƚ^ŝǌĞ sĂĐĂŶƚͬ Ϯϳϳϭϯϲ ϰϲϭϱ ϰϰ ϲ ϳϴϰ Ϯϱϱϱ >Kd/EsEdKZzͲd/sEtZ^h/s/^/KE^;ϱнsEd>Kd^Ϳ >ŽƚƐͬhŶŝƚƐ EŽ͘ŽĨ ϯϰ ϯϬϭϬϮϰϮϰϰϰϭϳϰϰϱϴ ϭϮϭϮϮϱϭϮϭϮϮϱϭϯϮϮϯϮϮϯ ϳϵϱϴ ϵ K>D^dKhEdzΘs//E/dz ϰƚŚYƵĂƌƚĞƌϮϬϮϰ d>&^ͲϭϮ KEd/Eh ::ΘDWƌŽƉĞƌƚǇ/ŶǀĞƐƚŵĞŶƚƐ>> KǁŶĞƌ ƐƉĞŶZŝĚŐĞĞǀĞůŽƉŵĞŶƚ DŽŶŝĐĂ''ƌŝĨĨŝŶdƌƵƐƚ ϰĞǀĞůŽƉŵĞŶƚ>> ĞƌŶĂƌĚƵƐ^ĞƌǀŝĐĞ WƌŽǀĞŝĚĞŶƚŝĂ>> ŝŐĞůŽǁ,ŽŵĞƐŝŐĞůŽǁ,ŽŵĞƐ >ĂǁƌĞŶĐĞůĂƌŬ :ĂǇƌĞǇ>> 'ƵďĞĚ sĂƌŝŽƵƐsĂƌŝŽƵƐsĂƌŝŽƵƐsĂƌŝŽƵƐsĂƌŝŽƵƐsĂƌŝŽƵƐsĂƌŝŽƵƐsĂƌŝŽƵƐ EĞǁ,ĂǀĞŶdǁƉ͘ KƌŽŶŽĐŽdǁƉ͘KƌŽŶŽĐŽdǁƉ͘KƌŽŶŽĐŽdǁƉ͘KƌŽŶŽĐŽdǁƉ͘KƌŽŶŽĐŽdǁƉ͘KƌŽŶŽĐŽdǁƉ͘ ŝƚǇͬdǁƉ͘ WŝŶĞ/ƐůĂŶĚWŝŶĞ/ƐůĂŶĚWŝŶĞ/ƐůĂŶĚWŝŶĞ/ƐůĂŶĚWŝŶĞ/ƐůĂŶĚ ŚĂƚĨŝĞůĚŚĂƚĨŝĞůĚŚĂƚĨŝĞůĚ KƌŶŽŶŽ ŽǀĞƌŽǀĞƌ ǇŽƚĂ Dy&/>Z^Z,ΘKE^h>d/E' EKZd,^hDZ<dͲ^/E'>&D/>z EKZd,^hDZ<dͲDh>d/&D/>z ^d^hDZ<dͲ^/E'>&D/>z ^d^hDZ<dͲDh>d/&D/>z KƌĐŚĂƌĚZŝĚŐĞdŽǁŶŚŽŵĞƐ <ŝƐƉĞƌƚ&ĂƌŵƐϰƚŚĚĚŝƚŝŽŶ ^ƚŽŶĞ'ĂƌĚĞŶƐƚĂƚĞƐϮŶĚ EŽƌƚŽŶĂŶĚƌŵƐƚƌŽŶŐ ŚĂƚĨŝĞůĚdŽǁŶŚŽŵĞƐ DĂƌŬŚĂŵΖƐ^ƵďĚŝƐŝŽŶ ,ĞŶƌǇƐƚĂƚĞƐϭϯƚŚ sŝůůĂŐĞŽĨ'ĞŶŽĂ WƌŽǀŝĚĞŶƚŝĂ,ŝůůƐ WŝŶĞWƌĂŝƌŝĞϮŶĚ ƵŵďƌŽtŽŽĚƐŚĂŵƉĂŐŶĞ,ŝůů ŽĞůƚĞƌƐƚĂƚĞƐ WŝŶĞWƌĂŝƌŝĞϭƐƚ ZŽůůŝŶŐtŽŽĚƐ WWE/yD&^ƵďƚŽƚĂů ĞĚĂƌĞĂĐŚ ƐƉĞŶZŝĚŐĞ ^ƵďĚŝǀŝƐŝŽŶ^&^ƵďƚŽƚĂů^&^ƵďƚŽƚĂů^&^ƵďƚŽƚĂů ůĂƌŬΖƐ&ŝƌƐƚ <ƵƌƚŚΖƐ ϯϬϮ ,ŽŵĞsĂůƵĞ ϭ͘ϭϱΨϭϳϮ͕ϰϮϴΨϭ͕ϮϮϵ͕ϰϵϲ Ϭ͘ϰϮΨϴϯ͕ϯϯϯΨϳϲϲ͕ϬϴϴϬ͘ϮϰΨϯϬ͕ϬϬϬΨϰϭϯ͕ϭϬϬϬ͘ϲϬΨϰϲ͕ϬϬϬΨϯϰϯ͕ϲϬϬϬ͘ϯϱΨϳϭ͕ϱϮϴΨϰϰϰ͕ϬϬϴϬ͘ϮϵΨϳϬ͕ϴϭϬΨϯϵϬ͕ϴϴϲϬ͘ϭϮΨϰϳ͕ϮϬϬΨϯϯϵ͕ϯϰϬϬ͘ϯϳΨϰϱ͕ϬϬϬΨϮϬϳ͕ϮϴϬϬ͘ϰϳΨϭϮϲ͕ϬϴϳΨϴϴϮ͕ϯϳϲϬ͘ϮϮΨϱϬ͕ϭϱϲΨϰϬϰ͕ϱϲϰ ϭϬϬ͘ϰϬΨϲϲ͕ϬϬϬΨϮϳϱ͕ϰϱϬϬ͘ϰϲΨϮϬϴ͕ϯϯϯΨϴϳϮ͕ϭϯϯϬ͘ϰϵΨϭϭϳ͕ϵϱϱΨϲϭϮ͕ϳϰϱϬ͘ϯϳΨϴϭ͕ϬϬϬΨϱϮϯ͕ϴϰϱϭϱϬ͘ϵϵΨϲϲ͕ϮϱϬΨϯϮϲ͕ϬϱϬϬ͘ϭϮΨϴϵ͕ϱϳϲΨϱϬϱ͕ϴϵϯϬ͘ϰϲΨϭϮϯ͕ϭϮϱΨϳϲϭ͕ϳϵϮϭϲϬ͘ϲϵΨϮϯϬ͕ϬϬϬΨϲϲϬ͕ϲϰϬϬ͘ϯϰΨϱϱ͕ϱϱϲΨϮϵϰ͕ϱϭϳϮϭϬ͘ϮϲΨϳϱ͕ϬϬϬΨϯϴϵ͕ ϳϯϲϬ͘ϳϮΨϳϱ͕ϬϴϴΨϱϮϭ͕ϯϱϵϬ͘ϯϴΨϵϱ͕ϴϬϬΨϰϱϯ͕ϳϱϮϭϲϬ͘ϯϯΨϵϳ͕ϬϬϬΨϰϭϭ͕ϭϲϬϬ͘ϭϱΨϳϲ͕ϳϭϵΨϰϰϬ͕ϭϯϭϭϬϱϰϳϬ͘ϭϳΨϱϴ͕ϯϭϳΨϮϯϵ͕ϭϱϭϬ͘ϯϭΨϲϮ͕ϵϭϳΨϰϳϳ͕ϱϭϮϬ͘ϯϮΨϳϴ͕ϭϯϵΨϱϵϮ͕ϯϱϱϬ͘ϯϯΨϵϴ͕ϭϴϭΨϱϲϲ͕ϮϮϳϬ͘ϯϬΨϲϲ͕ϯϲϯΨϱϭϲ͕ϳϬϵϬ͘ϬϵΨϰϱ͕ϬϬϬΨϯϬϴ͕ϯϲ ϭϲϵϬ͘ϯϮΨϭϭϴ͕ϬϬϬΨϯϭϵ͕ϯϬϬϬ͘ϮϵΨϱϬ͕ϱϱϱΨϮϯϲ͕ϮϭϭϭϬϬ͘ϮϳΨϴϮ͕ϳϳϳΨϰϱϭ͕ϭϲϲ ϭϳϬ͘ϮϲΨϲϭ͕ϱϬϬΨϰϳϲ͕ϳϯϳϮϰϬ͘ϭϲΨϰϬ͕ϬϬϬΨϮϲϯ͕ϳϲϳϭϮϬ͘ϲϳΨϭϬϯ͕ϭϮϱΨϰϱϳ͕ϰϮϱϮϭϬ͘ϱϭΨϲϬ͕ϬϬϬΨϲϳϭ͕ϬϱϱϭϲϬ͘ϰϱΨϭϯϳ͕ϴϳϵΨϴϲϮ͕ϳϯϵ ǀŐ͘ǀŐ͘ǀŐ͘ >ŽƚsĂůƵĞ Ϭ͘ϮϱΨϭϬϬ͕ϬϬϬ ϳϰϬ͘ϯϰΨϭϴϬ͕ϲϳϱ ϭϭϮϭϮϬ͘ϭϰΨϯϱ͕ϬϬϬ ϯϴϬ͘ϮϬΨϭϯ͕ϴϬϬϬ͘ϮϬΨϭϮ͕ϭϰϮ Ϭ͘ϭϴΨϲ͕ϬϬϬ ǀĂŝů͘>ŽƚƐ>Žƚ^ŝǌĞ sĂĐĂŶƚͬ ϲϲϲϲϴϴϰϲϴϲϴϲϴ ϳϱϳϳϱϵϵϯϱϳϵϱϵϱϯ >Kd/EsEdKZzͲd/sEtZ^h/s/^/KE^;ϱнsEd>Kd^Ϳ >ŽƚƐͬhŶŝƚƐ EŽ͘ŽĨ ϭϰϮϴϰϰϯϬϯϬϮϴϰϰϯϴϭϲϮϰϯϬϳϰϳϰϭϬϮϴϲϴ ϭϯϮϱϮϳϮϭϮϱϱϳϳϭϯϯϯϮϭϮϯϳϮϵϮϭϰϭϲϳϰϯϱϭϭϱϱϳϱϮϰϵϭϵ ϲϴ ϵϵ K>D^dKhEdzΘs//E/dz ZΘDĞǀĞůŽƉŵĞŶƚŽŵƉĂŶǇ͕z,ĞĞ>> ϰƚŚYƵĂƌƚĞƌϮϬϮϰ d>&^ͲϭϮ KEd/Eh WŝŶĞ^ŽƵƚŚtĞƐƚ>>͕Θ,ŽůĚŝŶŐƐ EŽďůĞĞǀĞůŽƉŵĞŶƚ͕h^,ŽŵĞ>> 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ƐƚĂƚĞƐĂƚtŝŶĚĂŵĞƌĞtŽŽĚƐ ZĞƉůĂƚůŽĐŬϲDĂƌǀĂůĞEŽ͘ϰ EŽƌƚŚĞƌŶ,ĞŝŐŚƚƐEŽƌƚŚϰƚŚ ^ƚŽŶĞďƌŽŽŬĞϱƚŚĚĚŝƚŝŽŶ ,ĂĚůĞǇƌĞĞŬƐƚĂƚĞƐϮŶĚ ,ĂĚůĞǇƌĞĞŬƐƚĂƚĞƐϯƌĚ,ĂĚůĞǇƌĞĞŬƐƚĂƚĞƐϯƌĚ ,ĂĚůĞǇƌĞĞŬsŝůůĂŐĞϮŶĚ ,ĂĚůĞǇƌĞĞŬƐƚĂƚĞƐϭƐƚ WƌĞƐĞƌǀĞĂƚDĂǇŽǁŽŽĚ WŽŶĚƐĂƚ,ŝŐŚůĂŶĚ,ŝůůƐ >ŝŶĐŽůŶƐŚŝƌĞEŽƌƚŚϮŶĚDĂŶŽƌtŽŽĚ>ĂŬĞƐϳƚŚ ^ĐĞŶŝĐKĂŬƐtĞƐƚϮŶĚ ,ƵŶĚƌĞĚĐƌĞtŽŽĚƐ ^ĐĞŶŝĐKĂŬƐtĞƐƚϭƐƚ ŽǇĞƌƐϭƐƚ^ƵďĚŝŝƐŝŽŶ ƌĞĞŬǀŝĞǁDĞĂĚŽǁƐ WŝŶĞZŝĚŐĞ,ĞŝŐŚƚƐ ĞŶƚƵƌǇsĂůůĞǇϯƌĚ ĞƚĞŶƚƵƌŝĂŶZŝĚŐĞŚƌŝƐŽƉŚĞƌŽƵƌƚƐ 'ůĞŶĚĂůĞ,ŝůůƐϰƚŚ ĂƐƐŝĚǇZŝĚŐĞϰƚŚ ƵŵƉƵƐĚĚŝƚŝŽŶ WĞďďůĞƌĞĞŬϯƌĚ ƐƐĞǆƐƚĂƚĞƐϱƚŚƐƐĞǆƐƚĂƚĞƐϲƚŚWĞďďůĞƌĞĞŬϰƚŚWĞďďůĞƌĞĞŬϱƚŚ &ŽůǁĞůůtĞƐƚϭƐƚ ,ĂƌǀĞƐƚǀŝĞǁϯƌĚZŽƐĞ,ĂƌďŽƌϯƌĚZŽƐĞ,ĂƌďŽƌϰƚŚ ĞĚĂƌWĂƌŬ&ƌŝƐƚ DĞƌĐŚǇ,ŝůůϮŶĚ DŽƌƌŝƐ,ŝůůƐϮŶĚ &ŽƌĞƐƚ,ŝůůƐϲƚŚ ĞŶƚƵƌǇsĂůůĞǇ ĂƚĂůŝŶĂZŝĚŐĞ&ŝĞůĚƐƚŽŶĞϴƚŚ WĞďďůĞƌĞĞŬ ^ƚŽŶĞďƌŝĚŐĞ >ŝŶĐŽůŶƐŚŝƌĞ ^ƵďĚŝǀŝƐŝŽŶ WWE/y ϯϬϯ ,ŽŵĞsĂůƵĞ ϭϯϮ͘ϬϭΨϭϴϴ͕ϬϬϬΨϭ͕ϬϬϬ͕ϮϴϬϱ͘ϰϳΨϯϯϱ͕ϬϬϬΨϭ͕ϯϳϳ͕ϬϬϬϰ͘ϬϱΨϯϬϴ͕ϬϬϬΨϭ͕Ϯϲϯ͕ϵϮϬϮϲϭ͘ϭϱΨϮϬϬ͕ϬϬϬΨϭ͕Ϯϱϲ͕ϲϮϬϮϬϮ͘ϵϯΨϮϳϬ͕ϬϬϬΨϭ͕ϰϮϴ͕ϭϭϬ 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dŚĞE,ŽĨ^ŚĂŶŶŽŶKĂŬƐ dŚĞWƌĞƐĞƌǀĞĂƚtĞƐƚŝƌĐůĞ DŝůůŝĞDĞĂĚŽǁƐƚĂƚĞƐϯƌĚ DŝůůĞDĞĂĚŽǁƐƚĂƚĞƐϮŶĚ tŽŽĚůĂŶĚsĂůůĞǇƐƚĂƚĞƐ// dŚĞdƌĂŝůƐŽĨĂƐĐĂĚĞϮŶĚ tŽŽĚůĂŶĚsĂůůĞǇƐƚĂƚĞƐ DŝůůĞDĞĂĚŽǁƐƚĂƚĞƐ DĂǇŽtŽŽĚůĂŶĚƐϯƌĚ DĂǇŽtŽŽĚůĂŶĚƐϰƚŚ ,ŽŵĞǁŽŽĚĚĚŝƚŝŽŶ sĂůůĞǇ^ŝĚƐĞƐĂƚĞƐϰ tĞĂƚŚĞƌƐƚŽŶĞtĞƐƚ ŽůŽŶŝĂůKĂŬƐdŚƌĞĞ DĂǇŽǁŽŽĚƐƚĂƚĞƐ ŽƵůĚĞƌƌĞĞŬϯƌĚ EŽƌƚŚĞƌŶZĞƐĞƌǀĞ dǇƌŽů,ŝůůƐϭƐƚ^Ƶď sŝůůĂŐĞŽĨDĂƌŝŽŶ ZŽǇĂůKĂŬƐ&Ăƌŵ ŚŝƉƉĞǁĂZŝĚŐĞ ,ŝůůƚŽƉKĂŬƐϭƐƚ WĂǀŝůŝŽŶƐƚĂƚĞƐ ZŝǀĞƌ,ŝŐŚůĂŶĚƐ ^ĂůůǇ,ŝůůZĞƉůĂƚ ,ĂƌǀĞƐƚ^ƋƵĂƌĞ >ŝůůǇ&ĂƌŵϯƌĚ>ŝůůǇ&ĂƌŵϰƚŚ ^ĞƌĞŶŝƚǇ,ŝůůƐ D&^ƵďƚŽƚĂů ^&^ƵďƚŽƚĂů ^ƵďĚŝǀŝƐŝŽŶ ^ƵďƚŽƚĂů ^ĂůůǇ,ŝůů WWE/y ϯϬϰ ŵĞsĂůƵĞ Ϭ͘ϯϱΨϲϵ͕ϬϵϬΨϰϳϱ͕ϴϬϵ ϭϬϴϰϵϬ͘ϭϳΨϲϮ͕ϴϭϲΨϰϬϭ͕ϰϭϬϯϱϭϭϬϳϬ͘ϭϭΨϰϱ͕ϵϬϱΨϰϭϵ͕ϴϬϮ Ϯ͘ϮϵΨϲϱ͕ϭϮϳΨϯϬϮ͕ϵϵϯϮϰϬ͘ϭϳΨϲϬ͕ϬϬϬΨϰϳϲ͕ϳϱϬϬ͘ϮϳΨϱϱ͕ϵϬϵΨϰϭϮ͕ϴϴϭϬ͘ϮϳΨϲϬ͕ϬϬϬΨϯϳϯ͕ϰϮϱ ϭϭϬ͘ϬϲΨϰϬ͕ϬϬϬΨϯϮϭ͕ϰϰϯϯ͕ϱϳϯϭ͕ϱϯϬϬ͘ϲϴΨϵϲ͕ϮϲϰΨϱϬϬ͕ϳϱϯ ϭϭϬ͘ϬϲΨϰϬ͕ϬϬϬΨϯϮϭ͕ϰϰϯ ǀŐ͘ǀŐ͘ǀŐ͘ ,Ž >ŽƚsĂůƵĞ ǀĂŝů͘>ŽƚƐ>Žƚ^ŝǌĞ >ĂŶĚǀĂůƵĞƐƌĞƉƌĞƐĞŶƚƉĂƌĐĞůƐǁŝƚŚŚŽŵĞƐĂůƌĞĂĚǇĐŽŶƐƚƌƵĐƚĞĚ͘/ĨƚŚĞƐƵďĚŝǀƐŝŽŶŝƐĂůůǀĂĐĂŶƚ͕ůĂŶĚǀĂůƵĞƐƌĞƉƌĞƐĞŶƚƚŚĞǀĂůƵĞǁŝƚŚŽƵƚĂŚŽŵĞ͘ sĂĐĂŶƚͬ ϯ͕ϵϮϰϭ͕ϲϯϳ ϳϲϵ ϯ >Kd/EsEdKZzͲd/sEtZ^h/s/^/KE^;ϱнsEd>Kd^Ϳ >ŽƚƐͬhŶŝƚƐ EŽ͘ŽĨ ϯϲϯϬϭϬϭϵϮϳ Ϯϳ ϭϯ ΎDƵůƚŝĨĂŵŝůǇŝŶĐůƵĚĞƐĚĞƚĂĐŚĞĚĂŶĚĂƚƚĂĐŚĞĚƚŽǁŶŚŽŵĞƐ͕ƚǁŝŶŚŽŵĞƐ͕ĚĞƚĂĐŚĞĚƚŽǁŶŚŽŵĞƐ͕ĂŶĚĐŽŶĚŽŵŝŶŝƵŵƐ K>D^dKhEdzΘs//E/dz ŽŬŬĞŶWƌŽƉĞƌƚŝĞƐ͕DĂƌƚŝ>ĂŶĚĞǀĞůŽƉŵĞŶƚ ϭƐƚYƵĂƌƚĞƌϮϬϮϱ d>&^ͲϭϮ EŽƚĞ͗ǀĞƌĂŐĞůŽƚĂŶĚŚŽŵĞǀĂůƵĞďĂƐĞĚŽŶĐŽƵŶƚǇĂƐƐĞƐƐŽƌŵĂƌŬĞƚǀĂůƵĞƐŝŶϰƚŚYƵĂƌƚĞƌϮϬϮϰ KǁŶĞƌ ^ŽƵƌĐĞƐ͗KůŵƐƚĞĚŽƵŶƚǇ'/^͕KůŵƐƚĞĚŽƵŶƚǇƐƐĞƐƐŽƌ͕DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ĞĂƌĂǀĞƐƚĂƚĞƐ͕>> ĂŶŝĞů,ŝŵŵĞƌ sĂƌŝŽƵƐ ^ƚĞǁĂƌƚǀŝůůĞsĂƌŝŽƵƐ D^>> ,ŝŐŚ&ŽƌĞƐƚdǁƉ ŝƚǇͬdǁƉ͘ ^ƚĞǁĂƌƚǀŝůůĞ^ƚĞǁĂƌƚǀŝůůĞ^ƚĞǁĂƌƚǀŝůůĞ ^ƚĞǁĂƌƚǀŝůĞ Dy&/>Z^Z,ΘKE^h>d/E' ^dtZds/>>^hDZ<dͲ^/E'>&D/>z ^dtZds/>>^hDZ<dͲDh>d/&D/>z ^ĐŚƵŵĂŶŶΖƐZŽůůŝŶŐZŝĚŐĞϰƚŚ 'ŽůĨǀŝĞǁsŝůůĂŐĞϱƚŚ ,ŝŐŚ&ŽƌĞƐƚsŝůůĂŐĞ ĞĂƌĂǀĞƐƚĂƚĞƐ ^ŝŶŐůĞͲ&ĂŵŝůǇ DƵůƚŝͲ&ĂŵŝůǇ WWE/yWĞƚĞƌƐĞŶϲƚŚWĞƚĞƌƐĞŶϴƚŚ D&^ƵďƚŽƚĂů ^ƵďĚŝǀŝƐŝŽŶ^&^ƵďƚŽƚĂů ^ƵŵŵĂƌǇ dŽƚĂů WWE/y d>&^Ͳϭϯ sEd>Kd^hDDZz ϰƚŚYƵĂƌƚĞƌϮϬϮϰ ^ŝŶŐůĞͲ&ĂŵŝůǇ^&dĂǆĂďůĞDĂƌŬĞƚsĂůƵĞƐ ^ƵďŵĂƌŬĞƚ^&sĂĐĂŶƚǀŐ͘>Žƚ^ŝǌĞ>ĂŶĚ,ŽŵĞsĂůƵĞ ǇƌŽŶϭϱϬϬ͘ϰϭΨϭϭϰ͕ϯϰϴΨϲϭϮ͕Ϭϵϲ ŚĂƚĨŝĞůĚϯϴϬ͘ϰϰΨϰϱ͕ϬϬϬΨϮϳϭ͕ϲϰϭ ĂƐƚϰϲϬ͘ϮϭΨϯϯ͕ϰϵϭΨϮϬϴ͕ϴϱϵ EŽƌƚŚϭϯϲϭ͘ϬϭΨϭϭϭ͕ϬϭϴΨϰϭϰ͕ϵϭϰ ZŽĐŚĞƐƚĞƌϲϵϭϬ͘ϯϭΨϳϳ͕ϴϲϵΨϰϰϵ͕ϱϬϯ ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞϰϮϬϭ͘ϴϯΨϭϰϲ͕ϵϴϵΨϲϳϰ͕ϳϵϱ ^ƚĞǁĂƌƚǀŝůůĞϰϵϬ͘ϭϳΨϲϮ͕ϴϭϲΨϰϬϭ͕ϰϭϬ ^ƵďƚŽƚĂůϭ͕ϱϯϬϬ͘ϲϴΨϵϲ͕ϮϲϰΨϱϬϬ͕ϳϱϯ DƵůƚŝͲ&ĂŵŝůǇD&dĂǆĂďůĞDĂƌŬĞƚsĂůƵĞƐ ^ƵďŵĂƌŬĞƚD&sĂĐĂŶƚǀŐ͘>Žƚ^ŝǌĞ>ĂŶĚ,ŽŵĞsĂůƵĞ ǇƌŽŶϮϱϬ͘ϭϰΨϱϵ͕ϳϲϵΨϰϮϴ͕ϮϱϬ ŚĂƚĨŝĞůĚϭϰϬ͘ϲϮΨϰϯ͕ϱϳϭΨϬ ĂƐƚϲϬ͘ϬϲΨϰϵ͕ϭϭϴΨϮϴϬ͕ϵϳϱ EŽƌƚŚϭϱϬ͘ϬϰΨϯϱ͕ϬϬϬΨϮϬϮ͕ϰϬϮ ZŽĐŚĞƐƚĞƌϯϲϬ͘ϬϴΨϯϮ͕ϵϰϰΨϯϮϴ͕ϰϵϮ ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞϬͲͲͲͲͲͲ ^ƚĞǁĂƌƚǀŝůůĞϭϭϬ͘ϬϲΨϰϬ͕ϬϬϬΨϯϮϭ͕ϰϰϯ ^ƵďƚŽƚĂůϭϬϳϬ͘ϭϭΨϰϱ͕ϵϬϱΨϰϭϵ͕ϴϬϮ EŽƚĞ͗DĂƌŬĞƚsĂůƵĞƐďĂƐĞĚŽŶϰYϮϬϮϰƐƐĞƐƐĞĚsĂůƵĞƐ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϯϬϱ ϯϬϲ ϮϬϬϱΨϮϱϭ͕ϵϬϬΨϮϵϰ͕ϳϬϬΨϮϱϲ͕ϳϱϬΨϮϱϴ͕ϬϬϬΨϮϴϵ͕ϬϬϬΨϮϯϳ͕ϬϬϬΨϮϴϰ͕ϬϴϬΨϯϭϮ͕ϴϵϳΨϮϴϭ͕ϮϵϰΨϮϱϯ͕ϰϬϵϮϬϮϭΨϰϲϳ͕ϴϬϬΨϰϱϯ͕ϳϮϭΨϰϳϱ͕ϭϭϯΨϰϲϴ͕ϰϬϱΨϱϱϵ͕ϯϱϴΨϯϵϬ͕ϬϲϴΨϰϵϭ͕ϳϴϱΨϱϬϰ͕ϱϬϳΨϰϴϲ͕ϬϴϬΨϰϰϰ͕ϴϯϳϮϬϮϮΨϱϱϯ͕ϴϴϬΨϰϲϴ͕ϲϭϲΨϱϰϳ͕ϴϳϮΨϱϮ ϭ͕ϲϲϰΨϱϴϳ͕ϭϬϯΨϱϳϱ͕ϮϳϳΨϱϭϳ͕ϰϭϱΨϱϲϲ͕ϱϰϭΨϱϯϯ͕ϭϲϬΨϰϵϵ͕ϵϬϬϮϬϮϯΨϱϰϰ͕ϰϴϰΨϰϰϳ͕ϲϭϭΨϱϯϮ͕ϵϴϬΨϰϵϴ͕ϯϵϱΨϱϰϬ͕ϬϬϬΨϳϴϱ͕ϬϬϬΨϱϯϲ͕ϰϴϯΨϱϯϵ͕ϵϮϱΨϱϬϲ͕ϮϱϭΨϰϳϵ͕ϵϵϬϮϬϮϰΨϱϭϳ͕ϰϱϬΨϰϴϮ͕ϵϵϬΨϱϴϱ͕ϬϬϬΨϱϭϬ͕ϮϱϱΨϱϳϵ͕ϵϵϬΨϳϭϬ͕ϯϮϬΨϱϮϵ͕ϵϬϬΨϰ ϵϵ͕ϵϬϬΨϱϮϱ͕ϴϮϱΨϰϵϱ͕ϬϬϬ ϰϲϲϮϬϮϬΨϯϴϲ͕ϯϲϴΨϰϬϳ͕ϲϲϭΨϰϯϵ͕ϴϳϱΨϰϯϴ͕ϱϬϱΨϱϮϱ͕ϬϬϬΨϯϲϯ͕ϲϲϳΨϰϮϳ͕ϬϳϱΨϰϱϳ͕ϱϬϬΨϰϱϬ͕ϵϵϱΨϰϭϬ͕ϭϳϯϮϬϭϬͲϭϱϯϲ͘ϴйϰϳ͘ϮйϮϬ͘Ϯйϰϭ͘ϱйϱϱ͘ϲйϭϱϳ͘ϰйϳϰ͘ϲйϰϰ͘ϱйϱϯ͘ϵйϱϰ͘ϴйͲϯϱ͘ϴйϯ͘ϯйϯ͘Ϯйϰ͘ϵйϱ͘ϰйϮϬϮϬͲϮϰϯϯ͘ϵйϭϴ͘ϱйϯϯ͘Ϭйϭϲ͘ϰйϭϬ͘ϱй ϵϱ͘ϯйϮϰ͘ϭйϵ͘ϯйϭϲ͘ϲйϮϬ͘ϳй Ϯϳϭй Ǉ Ͳϭ͘ϵйͲϬ͘ϳйͲϬ͘ϴ ϭϲͲƚ ϮϬϭϬΨϮϮϯ͕ϬϬϬΨϮϰϬ͕ϬϬϬΨϯϯϭ͕ϮϯϮΨϮϵϯ͕ϵϰϱΨϯϯϴ͕ϰϴϯΨϮϮϬ͕ϬϬϬΨϮϯϲ͕ϳϭϬΨϯϬϲ͕ϴϱϯΨϮϳϵ͕ϰϱϭΨϮϱϭ͕ϮϬϭϱΨϯϬϱ͕ϬϬϬΨϯϱϯ͕ϮϵϳΨϯϵϴ͕ϬϬϬΨϰϭϲ͕ϬϬϬΨϱϮϲ͕ϲϭϯΨϱϲϲ͕ϭϳϲΨϰϭϯ͕ϮϱϬΨϰϰϯ͕ϱϭϬΨϰϮϵ͕ϵϳϯΨϯϴϵ͕ ϳͲƚǇ tĂƐŚŝŶŐƚŽŶ K>D^dKhEdzs^͘DdZKZKhEd/^ΘK>>ZKhEd/^ Ͳϭϲ͘ϳй ^ĐŽƚƚ EtKE^dZhd/KED/E^>^WZ/ DĞƚƌŽƌĞĂŽŵƉĂƌŝƐŽŶƐ Ͳϳ͘Ϯй ZĂŵƐĞǇ ϮϬϬϱ͕ϮϬϭϬ͕ϮϬϭϱ͕ϮϬϮϬƚŽϮϬϮϰ d>&^Ͳϭϰ ϮϬϬϱͲϭϬͲϭϭ͘ϱйͲϭϴ͘ϲйϮϵ͘Ϭйϭϯ͘ϵйϭϳ͘ϭйͲϬ͘ϯй ,ĞŶŶĞƉŝŶ ^ŽƵƌĐĞ͗ϭϬ<ZĞƐĞĂƌĐŚĂŶĚDĂƌŬĞƚŝŶŐ͕DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ϮϬϭϱͲϮϬϮϲ͘ϳйϭϱ͘ϰйϭϬ͘ϱйϱ͘ϰй ĂŬŽƚĂ ĂƌǀĞƌ Dy&/>Z^Z,ΘKE^h>d/E' ŶŽŬĂ KůŵƐƚĞĚ ŶŶƵĂůWĐƚ͘ŚĂŶŐĞ WWE/y zĞĂƌ ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ ^ƵďĚŝǀŝƐŝŽŶͬ>ŽĐĂƚŝŽŶ ^ƚŽŶĞ'ĂƌĚĞŶƐƚĂƚĞƐ ^ƚŽŶĞďƌŽŽŬĞϱƚŚĚĚ ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚ ,ĂĚůĞǇƌĞĞŬƐƚĂƚĞƐ ƌĞĞŬǀŝĞǁDĞĂĚŽǁƐ sĂůůĞǇ^ŝĚĞƐƚĂƚĞƐϰ ĂƐƚƌŽŽŬĨŝĞůĚϰƚŚ WŝŶĞZŝĚŐĞ,ĞŝŐŚƚƐ ĂƚĂůŝŶĂZŝĚŐĞϰƚŚ ǇƌŽŶ^ƵďŵĂƌŬĞƚ EŽƌƚŚ^ƵďŵĂƌŬĞƚ ŬƐĞǀĞůŽƉŵĞŶƚ ,ĂƌǀŝĞƐƚǀŝĞǁϯƌĚ ĂƐƚ^ƵďŵĂƌŬĞƚ ŽĞůƚĞƌƐƚĂƚĞƐtŝůůŽǁ,ĞŝŐŚƚƐ ĞŶƚƵƌǇsĂůůĞǇ ,ĞŶƌǇƐƚĂƚĞƐ ƵƌŽƌĂZŝƐŝŶŐ WĞďďůĞƌĞĞŬ ƐƐĞǆƐƚĂƚĞƐ ,ĂĚůĞǇ,ŝůůƐ ĂƐƚsŝůůĂŐĞWŝŶĞWƌĂŝƌŝĞ ^ƵďƚŽƚĂů^ƵďƚŽƚĂů^ƵďƚŽƚĂů^ƵďƚŽƚĂů EŽŶĞ WWE/y ϯϬϴ ΨϯϰϬ ΨϰϯϭΨϰϯϱΨϯϯϱΨϯϮϯΨϰϬϭΨϯϮϯ DĂǆ W^& ΨϮϴϰ ΨϯϱϳΨϮϴϳ ͲͲͲͲͲͲͲ ϯ͕ϭϯϴΨϯϴϵ͕ϵϬϬΨϱϲϵ͕ϵϬϬΨϮϭϰ Ψϭ͕ϱϮϵ͕ϵϬϬΨϯϮϬΨϰϴϵ͕ϬϬϬΨϮϴϰ DŝŶ ΨϮ͕Ϭϰϯ͕ϬϬϬΨϯϲϯΨϮ͕ϭϳϵ͕ϬϬϬΨϯϮϯΨϭ͕ϴϯϵ͕ϵϱϮΨϯϬϳΨϱϲϳ͕ϬϬϬΨϭϵϵ ϯ DĂƌŬĞƚŝŶŐ,ŽŵĞŽƐƚƐ DĂǆ Ψϭ͕ϲϱϲ͕ϬϱϬ Ψϳϱϰ͕Ϭϰϲ Ψϰϳϴ͕ϵϰϱ ͲͲͲͲͲͲ ϱ͕ϲϮϱΨϭ͕ϴϬϬ͕ϬϬϬϱ͕ϲϲϯΨϭ͕ϰϵϬ͕ϬϬϬϰ͕ϴϬϮΨϭ͕ϯϱϵ͕ϬϬϬϮ͕ϲϬϮΨϯϵϵ͕ϵϬϬϮ͕ϮϬϬΨϰϭϱ͕ϬϬϬ DŝŶ ϲ͕ϳϯϯΨϭ͕ϮϬϵ͕ϰϮϱ ^ƋƵĂƌĞ&ĞĞƚ hŶŝƚ^ŝǌĞ ϱ͕ϬϮϭϮ͕ϭϴϵϯ͕ϬϭϮ ͲͲͲͲͲͲͲ ϭ͕ϳϬϰ ϰ͕ϵϯϱϯ͕ϯϵϮϰ͕ϵϵϵϰ͕ϰϭϭϭ͕ϰϮϲϮ͕ϭϮϯ K>D^dKhEdzDZ<dZ d/s^h/s/^/KE^ d>&^Ͳϭϱ;ŽŶΖƚͿ ϭƐƚYhZdZϮϬϮϱ ĐƚŝǀĞƉƌŝĐŝŶŐŝƐĚĞĨŝŶĞĚďǇϮϬϮϰĐůŽƐŝŶŐƐĂŶĚĂĐƚŝǀĞͬƉĞŶĚŝŶŐůŝƐƚŝŶŐƐŽŶƚŚĞD>^ĂƐŽĨ:ĂŶƵĂƌǇϮϬϮϱ WĞƚĞƌƐŽŶ,ŽŵĞƐ͕ŝŐĞůŽǁ ZŽĐŚĞƐƚĞƌdǁƉ͘dŚŝŵŝũĂŶƵƐƚŽŵ,ŽŵĞƐ <ĞǀŝŶĞƌŐĞƵŝůĚĞƌƐ ZĂĚĐůŝĨĨĞ,ŽŵĞƐ ƵŝůĚĞƌƐ sĂƌŝŽƵƐsĂƌŝŽƵƐ ^ŽƵƌĐĞƐ͗ZĞŐŝŽŶĂůD>^ŽĨDE͕DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ZŽĐŚĞƐƚĞƌdǁƉ͘ZŽĐŚĞƐƚĞƌdǁƉ͘ ^ƚĞǁĂƌƚǀŝůůĞ^ƚĞǁĂƌƚǀŝůůĞ^ƚĞǁĂƌƚǀŝůůĞ ZŽĐŚĞƐƚĞƌ ŝƚǇͬdǁƉ͘ Dy&/>Z^Z,ΘKE^h>d/E' ǀĂŝůĂďůĞůŽƚƐƉĞƌĞĐ͘ϯϭƐƚ͕ϮϬϮϰ KůŵƐƚĞĚŽƵŶƚǇDĂƌŬĞƚƌĞĂ ZŽĐŚĞƐƚĞƌ&ƌŝŶŐĞ^ƵďŵĂƌŬĞƚ ^ĐŚƵŵĂŶŶΖƐZŽůůŝŶŐZŝĚŐĞ ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚ DŝůůŝĞDĞĂĚŽǁƐƚĂƚĞƐ DĂǇŽtŽŽĚůĂŶĚƐϯƌĚ ^ƵďĚŝǀŝƐŝŽŶͬ>ŽĐĂƚŝŽŶ WĞƚĞƌƐŽŶϴƚŚ^ƵďĚ͘ ZŽǇĂůKĂŬƐ&Ăƌŵ ƵĐŬŶĞůůƐƚĂƚĞƐ WĂǀŝůŝŽŶƐƚĂƚĞƐ >ŝůůǇ&ĂƌŵϯƌĚ WWE/y ^ƵďƚŽƚĂů^ƵďƚŽƚĂů ϭϮ WWE/y d>&^Ͳϭϲ d/sDh>d/&D/>z^h/s/^/KE^ K>D^dKhEdzDZ<dZ ϭ^dYhZdZϮϬϮϱ hŶŝƚ^ŝǌĞǀĞƌĂŐĞ,ŽŵĞW^&ZĂŶŐĞ ^ƵďĚŝǀŝƐŝŽŶͬ>ŽĐĂƚŝŽŶŝƚǇͬdǁƉ͘dǇƉĞƵŝůĚĞƌ^ƋƵĂƌĞ&ĞĞƚDĂƌŬĞƚ>ŝƐƚWƌŝĐĞϭDŝŶDĂǆ ǇƌŽŶ^ƵďŵĂƌŬĞƚ ^ŚĂƌĚůŽǁĚĚŝƚŝŽŶͬϮŶĚǇƌŽŶ^ŝĚĞďǇ^ŝĚĞŝŐĞůŽǁ,ŽŵĞƐϮ͕ϴϰϮͲϮ͕ϴϰϮΨϯϲϵ͕ϬϬϬͲΨϯϴϰ͕ϵϬϬΨϮϲϬͲΨϮϳϭ ĂƐƚsŝůůĂŐĞͬĞĂƌƌĞĞŬdŽǁŶŚŽŵĞƐǇƌŽŶ^ŝĚĞďǇ^ŝĚĞŝŐĞůŽǁ,ŽŵĞƐϮ͕ϳϳϱͲϮ͕ϳϳϱΨϰϯϰ͕ϵϬϬͲΨϰϯϵ͕ϵϬϬΨϭϴϲͲΨϭϴϴ ^ƵďƚŽƚĂůϮ͕ϴϭϯΨϰϬϮ͕ϴϱϳΨϮϯϮ ŚĂƚĨŝĞůĚ^ƵďŵĂƌŬĞƚ EŽŶĞ ^ƵďƚŽƚĂů ĂƐƚ^ƵďŵĂƌŬĞƚ ƌĞŶĚƚ^ƵďĚŝǀŝƐŝŽŶǇŽƚĂ^ŝĚĞďǇ^ŝĚĞϭ͕ϬϴϰͲϭ͕ϲϰϳΨϮϳϵ͕ϬϬϬͲΨϯϭϬ͕ϬϬϬΨϭϳϵͲΨϮϱϴ ^ƚŽŶĞ'ĂƌĚĞŶƐƚĂƚĞƐǇŽƚĂ^ŝĚĞďǇ^ŝĚĞϭ͕ϳϯϳͲϭ͕ϳϯϳΨϯϳϵ͕ϵϬϬͲΨϯϵϵ͕ϵϬϬΨϮϭϵͲΨϮϮϳ ^ƵďƚŽƚĂůϭ͕ϱϱϭΨϯϰϮ͕ϮϬϬΨϮϮϭ EŽƌƚŚ^ƵďŵĂƌŬĞƚ EŽŶĞ ^ƵďƚŽƚĂů ZŽĐŚĞƐƚĞƌ^ƵďŵĂƌŬĞƚ ϵƚŚǀĞŶƵĞZŽǁŚŽƵƐĞƐZŽĐŚĞƐƚĞƌ^ŝĚĞďǇ^ŝĚĞ&ŝƌƐƚ,ŽŵĞƐϭ͕ϰϭϳͲϭ͕ϰϴϬΨϭϵϳ͕ϬϬϬͲΨϮϬϳ͕ϬϬϬΨϭϰϯͲΨϭϰϲ ĞŶƚƵƌŝĂŶZŝĚŐĞZŽĐŚĞƐƚĞƌ^ŝĚĞďǇ^ŝĚĞĞŶƚƵƌŝĂŶZŝĚŐĞ>>Ϯ͕ϬϯϬͲϯ͕ϱϳϮΨϲϳϰ͕ϱϵϬͲΨϴϮϯ͕ϱϬϬΨϮϭϱͲΨϯϯϮ ƐƐĞǆƐƚĂƚĞƐϲƚŚ^Ƶď͘ZŽĐŚĞƐƚĞƌ^ŝĚĞďǇ^ŝĚĞĂŶ^ĞǀĞƌƐŽŶƵŝůĚĞƌƐϭ͕ϲϯϮͲϭ͕ϲϯϮΨϰϱϱ͕ϬϬϬͲΨϰϲϵ͕ϵϬϬΨϮϳϲͲΨϮϴϴ ,ĂƌǀĞƐƚ^ƋƵĂƌĞZŽĐŚĞƐƚĞƌ^ŝĚĞďǇ^ŝĚĞŝŐĞůŽǁϭ͕ϱϴϲͲϮ͕ϲϰϬΨϯϭϬ͕ϬϬϬͲΨϯϴϭ͕ϬϬϬΨϭϯϲͲΨϮϭϲ ,ĂƌǀĞƐƚǀŝĞǁϯƌĚZŽĐŚĞƐƚĞƌd,Ğƚ͘ŝŐĞůŽǁϭ͕ϳϭϲͲϮ͕ϴϮϰΨϰϯϳ͕ϱϬϬͲΨϱϭϯ͕ϮϬϬΨϭϳϮͲΨϯϬϯ ^ĐĞŶŝĐKĂŬƐtĞƐƚZŽĐŚĞƐƚĞƌd,Ğƚ͘sĂƌŝŽƵƐϭ͕ϲϵϰͲϮ͕ϬϵϭΨϰϰϮ͕ϵϬϬͲΨϴϭϱ͕ϬϬϬΨϮϲϮͲΨϯϳϳ ^ƵďƚŽƚĂůϮ͕ϭϱϭΨϱϰϲ͕ϵϮϴΨϮϱϵ ^ƚĞǁĂƌƚǀŝůůĞ^ƵďŵĂƌŬĞƚ 'ŽůĨǀŝĞǁsŝůůĂŐĞ^ƚĞǁĂƌƚǀŝůůĞ^ŝĚĞďǇ^ŝĚĞϭ͕ϰϮϱͲϭ͕ϰϮϱΨϯϲϵ͕ϵϬϬͲΨϯϵϵ͕ϵϬϬΨϮϱϱͲΨϮϴϵ sŝůůĂƐĂƚ'ŽůĨǀŝĞǁ^ƚĞǁĂƌƚǀŝůůĞ^ŝĚĞďǇ^ŝĚĞdŚŽŵĂƐ,ŝŵŵĞƌ,ŽŵĞƐϭ͕ϭϮϬͲϭ͕ϮϬϬΨϮϰϰ͕ϵϬϬͲΨϮϰϵ͕ϵϬϬΨϮϬϰͲΨϮϮϲ ^ƵďƚŽƚĂůϭ͕ϮϴϴΨϯϭϯ͕ϲϬϰΨϮϰϮ KůŵƐƚĞĚŽƵŶƚǇdŽƚĂůƐϮ͕ϬϴϴΨϰϲϬ͕ϯϭϴΨϮϰϴ ϭ WƌŝĐŝŶŐďĂƐĞĚŽŶƌĞĐĞŶƚĐůŽƐŝŶŐƐŝŶϮϬϮϰĂŶĚĂĐƚŝǀĞůǇŵĂƌŬĞƚŝŶŐƉƌŽƉĞƌƚŝĞƐŝŶ:ĂŶ͘ϮϬϮϱ͘ůůƉƌŝĐŝŶŐƐŽƵƌĐĞĚƚŽD>^ůŝƐƚŝŶŐƐ͘ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϯϬϵ WWE/y d>&^Ͳϭϳ EtKE^dZhd/KEWZ//E'^hDDZz ϭ^dYhZdZϮϬϮϱ ^ŝŶŐůĞͲ&ĂŵŝůǇ^ŝŶŐůĞͲ&ĂŵŝůǇ^ŝŶŐůĞͲ&ĂŵŝůǇ ^ƵďŵĂƌŬĞƚǀŐ͘>ŽƚŽƐƚǀŐ͘,ŽŵĞWƌŝĐĞǀŐ͘W^& ǇƌŽŶΨϭϰϲ͕ϭϭϳΨϲϴϰ͕ϭϬϱΨϮϳϱ ŚĂƚĨŝĞůĚΨϱϵ͕ϵϬϬΨϬΨϬ ĂƐƚΨϳϮ͕ϰϱϬΨϰϯϱ͕ϮϮϯΨϮϯϯ EŽƌƚŚΨϬΨϰϳϰ͕ϵϱϬΨϮϱϭ ZŽĐŚĞƐƚĞƌΨϭϮϰ͕ϮϮϴΨϲϳϵ͕ϵϱϰΨϮϴϰ ZŽĐŚĞƚĞƌ&ƌŝŶŐĞΨϮϳϯ͕ϳϱϬΨϭ͕ϲϱϲ͕ϬϱϬΨϯϱϳ ^ƚĞǁĂƌƚǀŝůůĞΨϴϬ͕ϵϱϬΨϰϳϴ͕ϵϰϱΨϮϴϰ ^ƵďƚŽƚĂůͬǀŐ͘ϭϱϱϵϮϴ͘ϬϬϮϳΨϳϱϰ͕ϬϰϲΨϮϴϳ DƵůƚŝͲ&ĂŵŝůǇDƵůƚŝͲ&ĂŵŝůǇDƵůƚŝͲ&ĂŵŝůǇ ^ƵďŵĂƌŬĞƚǀŐ͘>ŽƚŽƐƚǀŐ͘,ŽŵĞWƌŝĐĞǀŐ͘W^& ǇƌŽŶͲͲΨϰϬϮ͕ϴϱϳΨϮϯϮ ŚĂƚĨŝĞůĚͲͲΨϬΨϬ ĂƐƚͲͲΨϯϰϮ͕ϮϬϬΨϮϮϭ EŽƌƚŚͲͲΨϬΨϬ ZŽĐŚĞƐƚĞƌͲͲΨϱϰϲ͕ϵϮϴΨϮϱϵ ZŽĐŚĞƚĞƌ&ƌŝŶŐĞͲͲΨϬΨϬ ^ƚĞǁĂƌƚǀŝůůĞͲͲΨϯϭϯ͕ϲϬϰΨϮϰϮ ^ƵďƚŽƚĂůͬǀŐ͘ΨϰϲϬ͕ϯϭϴΨϮϰϴ EŽƚĞ͗ ǀŐ͘ƉƌŝĐŝŶŐŽĨŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶŝŶ:ĂŶ͘ϮϬϮϱĂƐůŝƐƚĞĚŝŶƚŚĞD>^ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Dy&/>Z^Z,ΘKE^h>d/E'ϯϭϬ ŶƚDĂƌŬĞƚZĂƚĞ WWE/y Dy&/> EƵŵďĞƌEƵŵďĞƌEƵŵďĞƌ d ϰ ϯ ͿƚŽƚĂůĞŵĂŶĚWŽƚĞŶƚŝĂů;ƋƵĂůƐͿƚŽƚĂůĞŵĂŶĚWŽƚĞŶƚŝĂů ;ƚŝŵĞƐͿйŝŶĐŽŵĞƋƵĂůŝĨŝĞĚϷ;ƚŝŵĞƐͿйŝŶĐŽŵĞƋƵĂůŝĨŝĞĚϷ;ƚŝŵĞƐͿйŝŶĐŽŵĞƋƵĂůŝĨŝĞĚϷ;ƚŝŵĞƐͿйŝŶĐŽŵĞƋƵĂůŝĨŝĞĚϷ;ƚŝŵĞƐͿйŝŶĐŽŵĞƋƵĂůŝĨŝĞĚϷ;ƚŝŵĞƐͿйŝŶĐŽŵĞƋƵĂůŝĨŝĞĚϷ Ϯ ;ŵŝŶƵƐͿǆŝƐƚŝŶŐhŶŝƚƐ ,ŽƵƐĞŚŽůĚƐĂŐĞϱϱͲϲϰ,ŽƵƐĞŚŽůĚƐĂŐĞϲϱͲϳϰ,ŽƵƐĞŚŽůĚƐĂŐĞϱϱͲϲϰ,ŽƵƐĞŚŽůĚƐĂŐĞϲϱͲϳϰ ,ŽƵƐĞŚŽůĚƐĂŐĞϳϱн,ŽƵƐĞŚŽůĚƐĂŐĞϳϱн EƵŵďĞƌEƵŵďĞƌ WWE/y Dy&/> ϮϬϮϱϮϬϯϱ ϯ ĚĂďůĞĞŵĂŶĚ ;ƚŝŵĞƐͿƉŽƚĞŶƚŝĂůĐĂƉƚƵƌĞƌĂƚĞ;ƚŝŵĞƐͿƉŽƚĞŶƚŝĂůĐĂƉƚƵƌĞƌĂƚĞ;ƚŝŵĞƐͿƉŽƚĞŶƚŝĂůĐĂƉƚƵƌĞƌĂƚĞ;ƚŝŵĞƐͿƉŽƚĞŶƚŝĂůĐĂƉƚƵƌĞƌĂƚĞ;ƚŝŵĞƐͿƉŽƚĞŶƚŝĂůĐĂƉƚƵƌĞƌĂƚĞ;ƚŝŵĞƐͿƉŽƚĞŶƚŝĂůĐĂƉƚƵƌĞƌĂƚĞ ;ƋƵĂůƐͿƚŽƚĂůĞŵĂŶĚWŽƚĞŶƚŝĂů;ƋƵĂůƐͿƚŽƚĂůĞŵĂŶĚWŽƚĞŶƚŝĂů ϷϷϷϷϷϷ ŝŶĐŽŵĞƋƵĂůŝĨŝĞĚŝŶĐŽŵĞƋƵĂůŝĨŝĞĚŝŶĐŽŵĞƋƵĂůŝĨŝĞĚŝŶĐŽŵĞƋƵĂůŝĨŝĞĚŝŶĐŽŵĞƋƵĂůŝĨŝĞĚŝŶĐŽŵĞƋƵĂůŝĨŝĞĚ Ϯ ;ŵŝŶƵƐͿǆŝƐƚŝŶŐhŶŝƚƐ ,ŽƵƐĞŚŽůĚƐĂŐĞϱϱͲϲϰ,ŽƵƐĞŚŽůĚƐĂŐĞϲϱͲϳϰ,ŽƵƐĞŚŽůĚƐĂŐĞϱϱͲϲϰ,ŽƵƐĞŚŽůĚƐĂŐĞϲϱͲϳϰ ,ŽƵƐĞŚŽůĚƐĂŐĞϳϱн,ŽƵƐĞŚŽůĚƐĂŐĞϳϱн ƉĞ Ͳ ĂƐĞĚŽŶƚǁŽ йййййй EƵŵďĞƌEƵŵďĞƌ ͿͿͿͿͿͿ ƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐ WWE/y Dy&/> ϮϬϮϱϮϬϯϱ ;;;;;; ϸ Ϸϯ ͿͿ ƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐ ϮϬϮϱ ;;; ,KĨĂĐƚŽƌΨϯϱŬͲΨϰϱŬ;ƚŝŵĞƐͿ,KĨĂĐƚŽƌΨϯϱŬͲΨϰϱŬ;ƚŝŵĞƐͿ,KĨĂĐƚŽƌΨϯϱŬͲΨϰϱŬ ϷϷϷĂƐĞĚŽŶŚŽƵƐĞŚŽůĚƐĞĂƌŶŝŶŐ ŝŶĐŽŵĞƋƵĂůŝĨŝĞĚŝŶĐŽŵĞƋƵĂůŝĨŝĞĚŝŶĐŽŵĞƋƵĂůŝĨŝĞĚ ;ĞƋƵĂůƐͿĚĞŵĂŶĚƉŽƚĞŶƚŝĂů;ĞƋƵĂůƐͿĚĞŵĂŶĚƉŽƚĞŶƚŝĂů;ĞƋƵĂůƐͿĚĞŵĂŶĚƉŽƚĞŶƚŝĂů WĞƌĐĞŶƚKǁŶĞƌͲKĐĐƵƉŝĞĚWĞƌĐĞŶƚZĞŶƚĞƌͲKĐĐƵƉŝĞĚ ,ŽƵƐĞŚŽůĚƐĂŐĞϱϱͲϲϰ,ŽƵƐĞŚŽůĚƐĂŐĞϲϱͲϳϰ ,ŽƵƐĞŚŽůĚƐĂŐĞϳϱн WWE/y Dy&/> ййй EƵŵďĞƌEƵŵďĞƌ ͿͿͿ ƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐ ϮϬϯϱ ;;; ϷϮϯ ƋƵĂůƐͿƚŽƚĂůĞŵĂŶĚWŽƚĞŶƚŝĂů;ƋƵĂůƐͿƚŽƚĂůĞŵĂŶĚWŽƚĞŶƚŝĂů Ψ ;ƚŝŵĞƐͿ,KĨĂĐƚŽƌΨϯϬŬͲΨϯϱŬ;ƚŝŵĞƐͿ,KĨĂĐƚŽƌΨϯϬŬͲΨϯϱŬ;ƚŝŵĞƐͿ,KĨĂĐƚŽƌΨϯϱŬͲΨϰϬŬ;ƚŝŵĞƐͿ,KĨĂĐƚŽƌΨϯϱŬͲΨϰϬŬ ϷϷϷϷ ĂƐĞĚŽŶŚŽƵƐĞŚŽůĚƐĞĂƌŶŝŶŐ ŝŶĐŽŵĞƋƵĂůŝĨŝĞĚŝŶĐŽŵĞƋƵĂůŝĨŝĞĚŝŶĐŽŵĞƋƵĂůŝĨŝĞĚŝŶĐŽŵĞƋƵĂůŝĨŝĞĚ ;ĞƋƵĂůƐͿĚĞŵĂŶĚƉŽƚĞŶƚŝĂů;ĞƋƵĂůƐͿĚĞŵĂŶĚƉŽƚĞŶƚŝĂů;ĞƋƵĂůƐͿĚĞŵĂŶĚƉŽƚĞŶƚŝĂů;ĞƋƵĂůƐͿĚĞŵĂŶĚƉŽƚĞŶƚŝĂů ;ƋƵĂůƐͿĞŵĂŶĚƉŽƚĞŶƚŝĂů;ƋƵĂůƐͿĞŵĂŶĚƉŽƚĞŶƚŝĂů ϯ ;ŵŝŶƵƐͿǆŝƐƚŝŶŐhŶŝƚƐ ,ŽƵƐĞŚŽůĚƐĂŐĞϲϱͲϳϰ,ŽƵƐĞŚŽůĚƐĂŐĞϲϱͲϳϰ ,ŽƵƐĞŚŽůĚƐĂŐĞϳϱн,ŽƵƐĞŚŽůĚƐĂŐĞϳϱн йййй ͿͿͿͿ ƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐ ϮϬϮϰ ϮϬϯϬ ;;;; ϷϮ ϯ WWE/y Dy&/> ϱϭ͘ϲйϲϮ͘ϰйϯϯ͘Ϭй ͕ ϰϬйϮϬйϰϬйϮϬй ϮϰϲϭϴϲϭϲϬ ϮϬϴ ϯϴϳϮϵϮϮϰϴ ϯϮϱ >& ϮϰϯϬ ϰϳ ϭϵ ϭϯ ϭϭϯϴ ϭϯ Ϯϱ ϳϲ ϲϵ ͕ ^, ͕ dŚĞƉĞƌĐĞŶƚĂŐĞŽĨƐĞŶŝŽƌƐƵŶĂďůĞƚŽƉĞƌĨŽƌŵŽƌŚĂǀŝŶŐĚŝĨĨŝĐƵůƚŝŶŐǁŝƚŚ>Ɛ ͕ ĂĐŽůůĂďŽƌĂƚŝǀĞƉƌŽũĞĐƚŽĨ,^ ;ĞƋƵĂůƐͿdŽƚĂůŐĞͲ/ŶĐŽŵĞYƵĂůŝĨŝĞĚŵĂƌŬĞƚŶĞĞĚŝŶŐĂƐƐŝƐƚĂŶĐĞ;ĞƋƵĂůƐͿdŽƚĂůŐĞͲ/ŶĐŽŵĞYƵĂůŝĨŝĞĚŵĂƌŬĞƚŶĞĞĚŝŶŐĂƐƐŝƐƚĂŶĐĞ ŝŶĐůƵĚŝŶŐŚŽŵĞͲĞƋƵŝƚǇ͕ŝŶŽƌĚĞƌƚŽůŝǀĞŝŶĂƐƐŝƐƚĞĚůŝǀŝŶŐŚŽƵƐŝŶŐͿ͘ ǁŽƵůĚŶĞĞĚŐƌĞĂƚĞƌĐĂƌĞƉƌŽǀŝĚĞĚŝŶĂƐŬŝůůĞĚĐĂƌĞĨĂĐŝůŝƚǇ͘ ;ƋƵĂůƐͿĞŵĂŶĚƉŽƚĞŶƚŝĂůĨƌŽŵDĂƌŬĞƚƌĞĂZĞƐŝĚĞŶƚƐ;ƋƵĂůƐͿĞŵĂŶĚƉŽƚĞŶƚŝĂůĨƌŽŵDĂƌŬĞƚƌĞĂZĞƐŝĚĞŶƚƐ ; ŽƌŵŽƌĞ ϯϯ ;ƉůƵƐͿWƌŽƉŽƌƚŝŽŶŽĨĚĞŵĂŶĚĨƌŽŵĐŽƵƉůĞƐ;ϭϮйͿ;ƉůƵƐͿWƌŽƉŽƌƚŝŽŶŽĨĚĞŵĂŶĚĨƌŽŵĐŽƵƉůĞƐ;ϭϮйͿ Z^Z,ΘKE^h>d/E' ϬϬϬ ĂŶĚƚŚĞEĂƚŝŽŶĂůĞŶƚĞƌĨŽƌ,ĞĂůƚŚ^ƚĂƚŝƐƚŝĐƐ͘ ͕ ϱϬ ;ƉůƵƐͿĞŵĂŶĚĨƌŽŵKƵƚƐŝĚĞDĂƌŬĞƚƌĞĂͿ;ƉůƵƐͿĞŵĂŶĚĨƌŽŵKƵƚƐŝĚĞDĂƌŬĞƚƌĞĂͿ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ Ψ ; ϱ ;ƋƵĂůƐͿdŽƚĂůƐƐŝƐƚĞĚ>ŝǀŝŶŐĞŵĂŶĚ;ƋƵĂůƐͿdŽƚĂůƐƐŝƐƚĞĚ>ŝǀŝŶŐĞŵĂŶĚ ǀĞƌǀŝĞǁŽĨƐƐŝƐƚĞĚ>ŝǀŝŶŐ /ŶĐůƵĚĞƐŚŽƵƐĞŚŽůĚƐǁŝƚŚŝŶĐŽŵĞƐŽĨ ϰϰ ;ŵŝŶƵƐͿǆŝƐƚŝŶŐĂŶĚWĞŶĚŝŶŐhŶŝƚƐ ϸϸ ;ƚŝŵĞƐͿWŽƚĞŶƚŝĂůƉĞŶĞƚƌĂƚŝŽŶƌĂƚĞ;ƚŝŵĞƐͿWŽƚĞŶƚŝĂůƉĞŶĞƚƌĂƚŝŽŶƌĂƚĞ ;ƋƵĂůƐͿEƵŵďĞƌŶĞĞĚŝŶŐĂƐƐŝƐƚĂŶĐĞ;ƋƵĂůƐͿEƵŵďĞƌŶĞĞĚŝŶŐĂƐƐŝƐƚĂŶĐĞ YƵĂůŝĨŝĞĚYƵĂůŝĨŝĞĚ ϷϷϷϷϷϷ ;ƋƵĂůƐͿƚŽƚĂůĞŵĂŶĚWŽƚĞŶƚŝĂů;ƋƵĂůƐͿƚŽƚĂůĞŵĂŶĚWŽƚĞŶƚŝĂů ŶĞĞĚŝŶŐĂƐƐŝƐƚĂŶĐĞŶĞĞĚŝŶŐĂƐƐŝƐƚĂŶĐĞŶĞĞĚŝŶŐĂƐƐŝƐƚĂŶĐĞŶĞĞĚŝŶŐĂƐƐŝƐƚĂŶĐĞŶĞĞĚŝŶŐĂƐƐŝƐƚĂŶĐĞŶĞĞĚŝŶŐĂƐƐŝƐƚĂŶĐĞ ;ƚŝŵĞƐͿWĞƌĐĞŶƚ>ŝǀŝŶŐůŽŶĞ;ƚŝŵĞƐͿWĞƌĐĞŶƚ>ŝǀŝŶŐůŽŶĞ ͲͲ ĞƌĐĞŶƚ/ŶĐŽŵĞĞƌĐĞŶƚ/ŶĐŽŵĞ ϱ ;ŵŝŶƵƐͿǆŝƐƚŝŶŐhŶŝƚƐ WĞŽƉůĞĂŐĞϳϱͲϳϵWĞŽƉůĞĂŐĞϴϬͲϴϰWĞŽƉůĞĂŐĞϳϱͲϳϵWĞŽƉůĞĂŐĞϴϬͲϴϰ WĞŽƉůĞĂŐĞϴϱнWĞŽƉůĞĂŐĞϴϱн йййййй K WW ͿͿ ϮϬϬϵ ͿͿͿͿͿͿ ƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐ dŚĞ ϮϬϮϱϯϬϯϱ ;;;;;;;; ϸϹ Ϸϰ ϱ WWE/y Dy&/> ϯϮϬ KůŵƐƚĞƌĚƚǇ͘ DĂƌŬĞƚƌĞĂ ŝŶŽƌĚĞƌƚŽůŝǀĞŝŶŵĞŵŽƌǇ ϭϯ͕ϵϰϴ ϭϲ͕ϴϰϯϭϵ͕ϴϴϵ ϰ͕ϲϴϲ ϵ͕ϲϮϱϰ͕Ϭϵϭ ϯ͕ϰϱϭ ϱ͕ϯϲϵ ϰϮϳ ϮϴϬ ϴϰϰ ϮϴϬ ϱϲϰ ϲϬϯϯϮϯϲϬϭ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ ǆŝƐƚŝŶŐĂŶĚƉĞŶĚŝŶŐƵŶŝƚƐĂƚϵϯйŽĐĐƵƉĂŶĐǇ͘tĞĞǆĐůƵĚĞĂŶĞƐƚŝĂŵƚĞĚϭϱйŽĨƵŶŝƚƐďĞŝŶŐƵƚŝůŝǌĞĚďǇƌĞƐŝĚĞŶƚƐǁŝƚŚůĚĞƌůǇtĂŝǀĞƌƐ͘ůƐŽĞǆĐůƵĚĞƐƵŶŝƚƐůŽĐĂƚĞĚǁŝƚŚŝŶĂZ͘ ^ƚĞǁĂƌƚǀŝůůĞ ϭϳ͘ϬйϯϮ͘Ϭйϰϯ͘ϬйϮϱ͘Ϭйϭϳ͘ϬйϯϮ͘Ϭйϰϳ͘ϰйϮϱ͘Ϭй ϭ͕ϬϬϴ ϯ͘Ϭйϯ͘Ϭй ϭϬйϭϬй ^Ƶď͘ ϱϮϴϭϴϰ ϭϳϰ ϳϬϰ ϮϯϬ ϴϱϮϮϰϵ ϭϵϮϳϯϬϯϬ ϮϭϮϭ ϬϬ ͕ ĞƋƵŝƚǇ &ƌŝŶŐĞ^Ƶď͘ ZŽĐŚĞƐƚĞƌ Ͳ ŝŶĐůƵĚŝŶŐŚŽŵĞ ϭϳ͘ϬйϯϮ͘ϬйϲϮ͘ϮйϮϱ͘Ϭйϭϳ͘ϬйϯϮ͘Ϭйϲϰ͘ϬйϮϱ͘Ϭй ϭ͕ϱϴϰ ϭ͕ϯϮϱ ϯ͘Ϭйϯ͘Ϭй ϲϭϲ ϭϵϲ ϵϰϲϮϴϲ ϯϬϬ ϭϲϭ ϬйϬй ϯϬϯϬϯϬϰϴϰϴϰϴ ϬϬ ͕ ZŽĐŚĞƐƚĞƌ ǁŚŽǁŝůůƐƉĞŶĚĚŽǁŶĂƐƐĞƚƐ ϭϭ͕ϱϯϬϭϯ͕ϯϴϬ ϭϳ͘ϬйϯϮ͘Ϭйϰϴ͘ϲйϮϱ͘Ϭйϭϳ͘ϬйϯϮ͘Ϭйϰϵ͘ϴйϮϱ͘Ϭй Ϯ͕ϰϳϵ ϯ͕ϵϬϬ ϯ͕ϯϮϬ ϲ͕ϴϭϱϯ͕Ϭϰϳϵ͕ϴϮϳ ϯ͘Ϭйϯ͘Ϭй ^Ƶď͘ϯϱйϯϱй Ϯϲϰ ϭϵϵϲϯϲ Ϯϲϰ ϯϳϮ ϯϬϭϰϲϯϰϭϯ EŽƌƚŚ^Ƶď͘ DE&KZDDKZzZZEd>,Kh^/E' ϭϳ͘ϬйϯϮ͘Ϭйϱϰ͘ϳйϮϱ͘Ϭйϭϳ͘ϬйϯϮ͘Ϭйϱϳ͘ϭйϮϱ͘Ϭй ϭ͕ϯϲϬ ϭ͕ϭϬϱ ϯ͘Ϭйϯ͘Ϭй ϭϬйϭϬй ϭϴϰ Ϯϴϲ Ϯϲϰ ϱϮϳϭϵϭϳϳϮ ϮϴϮϴϯϴϰϮϰϮ Ϯϱ ϬϬ K>D^dKhEdzDZ<dZ ; ŽĨŚŽŵĞŽǁŶĞƌƐǁŝƚŚŝŶĐŽŵĞƐďĞůŽǁƚŚŝƐƚŚƌĞƐŚŽůĚ ĂƐƚ^Ƶď͘ ϭϳ͘ϬйϯϮ͘ϬйϱϬ͘ϬйϮϱ͘Ϭйϭϳ͘ϬйϯϮ͘ϬйϱϮ͘ϱйϮϱ͘Ϭй ϮϬϮϱƚŽϮϬϯϱ ϯ͘Ϭйϯ͘Ϭй ϭϬйϭϬй d>,Ͳϴ ϴϱϲϮϭϰϮϱϬ Ϯϭϴ ϰϱϯ ϭϳϭ ϵϲϮϲϰϮ ϮϰϭϵϮϵϯϮϮϳ Ϯϭ ϱϱ ĐĂƌĞŚŽƵƐŝŶŐ͘,ŽƵƐĞŚŽůĚƐǁŝƚŚŝŶĐŽŵĞƐĂƚΨϲϱ͕ϬϬϬнĨŽƌϮϬϯϬĐĂůĐƵůĂƚŝŽŶƐĚƵĞƚŽŝŶĨůĂƚŝŽŶ͘ ŚĂƚĨŝĞůĚ ϭϳ͘ϬйϯϮ͘Ϭйϰϳ͘ϮйϮϱ͘Ϭйϭϳ͘ϬйϯϮ͘Ϭйϰϵ͘ϴйϮϱ͘Ϭй ϯ͘Ϭйϯ͘Ϭй ^Ƶď͘ϭϬйϭϬй ϮϱϰϭϯϰϯϳϴϭϱϬ ϭϮϳ ϯϳϮϰϴϳ ϵϳϭϲϭϴϭϴ ϭϭϭϯϭϯ ϬϬ ǇƌŽŶ^Ƶď͘ ϭϳ͘ϬйϯϮ͘ϬйϱϬ͘ϯйϮϱ͘Ϭйϭϳ͘ϬйϯϮ͘Ϭйϱϰ͘ϬйϮϱ͘Ϭй ϭ͕ϭϬϴ ϯ͘Ϭйϯ͘Ϭй ϮϬйϮϬй ϭϲϬ ϭϰϵ Ϯϰϴ ϮϮϴ ϴϬϯϰϯϮϲϳϵ Ϳ ϭϵϭϮϯϴϮϳ Ϯϯ ϭϭ ϯϭ ϭϭ ϮϬϬϳ ; &ŝŐƵƌĞƐ й Ϯϱ ŽƌĂďŽǀĞƉůƵƐ Θ ƐŝƐĞĂƐĞ&ĂĐƚƐ ;ƋƵĂůƐͿdŽƚĂůƐĞŶŝŽƌƉŽƉƵůĂƚŝŽŶǁŝƚŚĚĞŵĞŶƚŝĂ;ƋƵĂůƐͿdŽƚĂůƐĞŶŝŽƌƉŽƉƵůĂƚŝŽŶǁŝƚŚĚĞŵĞŶƚŝĂ ;ƋƵĂůƐͿĞŵĂŶĚƉŽƚĞŶƚŝĂůĨƌŽŵDĂƌŬĞƚƌĞĂ;ƋƵĂůƐͿĞŵĂŶĚƉŽƚĞŶƚŝĂůĨƌŽŵDĂƌŬĞƚƌĞĂ Z^Z,ΘKE^h>d/E' ;ƉůƵƐͿĞŵĂŶĚĨƌŽŵKƵƚƐŝĚĞDĂƌŬĞƚƌĞĂͿ;ƉůƵƐͿĞŵĂŶĚĨƌŽŵKƵƚƐŝĚĞDĂƌŬĞƚƌĞĂͿ ϬϬϬ ^ŽƵƌĐĞ͗DĂǆĨŝĞůĚZĞƐĞĂƌĐŚΘŽŶƐƵůƚŝŶŐ ϯ ;ŵŝŶƵƐͿǆŝƐƚŝŶŐĂŶĚWĞŶĚŝŶŐhŶŝƚƐ ͕ ϸ;ƋƵĂůƐͿdŽƚĂůDĞŵŽƌǇĂƌĞĞŵĂŶĚ ϸ;ƋƵĂůƐͿdŽƚĂůDĞŵŽƌǇĂƌĞĞŵĂŶĚ ;ƚŝŵĞƐͿWŽƚĞŶƚŝĂůƉĞŶĞƚƌĂƚŝŽŶƌĂƚĞ;ƚŝŵĞƐͿWŽƚĞŶƚŝĂůƉĞŶĞƚƌĂƚŝŽŶƌĂƚĞ ϲϬ YƵĂůŝĨŝĞĚYƵĂůŝĨŝĞĚ Ζ ůǌŚĞŝŵĞƌ ϷϷϷϷϷϷ Ψ ĞŵĞŶƚŝĂŝŶĐŝĚĞŶƚƌĂƚĞĞŵĞŶƚŝĂŝŶĐŝĚĞŶƚƌĂƚĞĞŵĞŶƚŝĂŝŶĐŝĚĞŶƚƌĂƚĞĞŵĞŶƚŝĂŝŶĐŝĚĞŶƚƌĂƚĞĞŵĞŶƚŝĂŝŶĐŝĚĞŶƚƌĂƚĞĞŵĞŶƚŝĂŝŶĐŝĚĞŶƚƌĂƚĞ /ŶĐůƵĚĞƐƐĞŶŝŽƌƐǁŝƚŚŝŶĐŽŵĞĂƚ ;ƋƵĂůƐͿƚŽƚĂůĞŵĂŶĚWŽƚĞŶƚŝĂů;ƋƵĂůƐͿƚŽƚĂůĞŵĂŶĚWŽƚĞŶƚŝĂů ͲͲ WĞƌĐĞŶƚ/ŶĐŽŵĞWĞƌĐĞŶƚ/ŶĐŽŵĞ ϯ ͗ ;ŵŝŶƵƐͿǆŝƐƚŝŶŐhŶŝƚƐ ƐƐƐŽĐŝĂƚŝŽŶ WĞŽƉůĞĂŐĞϲϱͲϳϰWĞŽƉůĞĂŐĞϳϱͲϴϰWĞŽƉůĞĂŐĞϲϱͲϳϰWĞŽƉůĞĂŐĞϳϱͲϴϰ WĞŽƉůĞĂŐĞϴϱнWĞŽƉůĞĂŐĞϴϱн Ζ ůǌŚĞŝŵĞƌ ͿͿͿͿͿͿͿͿ ƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐƚŝŵĞƐ ϮϬϮϱϯϬϯϱ ;;;;;;;; WWE/y Dy&/> ϸ Ϸϱ WWE/y ĞĮŶŝƟŽŶƐ ďƐŽƌƉƚŝŽŶWĞƌŝŽĚ ʹdŚĞƉĞƌŝŽĚŶĞĐĞƐƐĂƌǇĨŽƌŶĞǁůǇĐŽŶƐƚƌƵĐƚĞĚŽƌƌĞŶŽǀĂƚĞĚƉƌŽƉĞƌƚŝĞƐƚŽ ĂĐŚŝĞǀĞƚŚĞƐƚĂďŝůŝǌĞĚůĞǀĞůŽĨŽĐĐƵƉĂŶĐǇ͘dŚĞĂďƐŽƌƉƚŝŽŶƉĞƌŝŽĚďĞŐŝŶƐǁŚĞŶƚŚĞĨŝƌƐƚ ĐĞƌƚŝĨŝĐĂƚĞŽĨŽĐĐƵƉĂŶĐǇŝƐŝƐƐƵĞĚĂŶĚĞŶĚƐǁŚĞŶƚŚĞůĂƐƚƵŶŝƚƚŽƌĞĂĐŚƚŚĞƐƚĂďŝůŝǌĞĚůĞǀĞůŽĨ ŽĐĐƵƉĂŶĐǇŚĂƐƐŝŐŶĞĚĂůĞĂƐĞ͘ ďƐŽƌƉƚŝŽŶZĂƚĞ ʹdŚĞĂǀĞƌĂŐĞŶƵŵďĞƌŽĨƵŶŝƚƐƌĞŶƚĞĚĞĂĐŚŵŽŶƚŚĚƵƌŝŶŐƚŚĞĂďƐŽƌƉƚŝŽŶ ƉĞƌŝŽĚ͘ ĐƚŝǀĞĚƵůƚ;ŽƌŝŶĚĞƉĞŶĚĞŶƚůŝǀŝŶŐǁŝƚŚŽƵƚƐĞƌǀŝĐĞƐĂǀĂŝůĂďůĞͿ ʹĐƚŝǀĞĚƵůƚƉƌŽƉĞƌƚŝĞƐĂƌĞ ƐŝŵŝůĂƌƚŽĂŐĞŶĞƌĂůͲŽĐĐƵƉĂŶĐǇĂƉĂƌƚŵĞŶƚďƵŝůĚŝŶŐ͕ŝŶƚŚĂƚƚŚĞǇŽĨĨĞƌǀŝƌƚƵĂůůǇŶŽƐĞƌǀŝĐĞƐďƵƚ 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ŵĞŶŝƚǇ ʹdĂŶŐŝďůĞŽƌŝŶƚĂŶŐŝďůĞďĞŶĞĨŝƚƐŽĨĨĞƌĞĚƚŽĂƚĞŶĂŶƚŝŶƚŚĞĨŽƌŵŽĨĐŽŵŵŽŶĂƌĞĂ ĂŵĞŶŝƚŝĞƐŽƌŝŶͲƵŶŝƚĂŵĞŶŝƚŝĞƐ͘dǇƉŝĐĂůŝŶͲƵŶŝƚĂŵĞŶŝƚŝĞƐŝŶĐůƵĚĞĚŝƐŚǁĂƐŚĞƌƐ͕ǁĂƐŚĞƌͬĚƌǇĞƌƐ͕ ǁĂůŬͲŝŶƐŚŽǁĞƌƐĂŶĚĐůŽƐĞƚƐĂŶĚƵƉŐƌĂĚĞĚŬŝƚĐŚĞŶĨŝŶŝƐŚĞƐ͘dǇƉŝĐĂůĐŽŵŵŽŶĂƌĞĂĂŵĞŶŝƚŝĞƐ ŝŶĐůƵĚĞĚĞƚĂĐŚĞĚŽƌĂƚƚĂĐŚĞĚŐĂƌĂŐĞƉĂƌŬŝŶŐ͕ĐŽŵŵƵŶŝƚǇƌŽŽŵ͕ĨŝƚŶĞƐƐĐĞŶƚĞƌĂŶĚĂŶŽƵƚĚŽŽƌ ƉĂƚŝŽŽƌŐƌŝůůͬƉŝĐŶŝĐĂƌĞĂ͘ ƌĞĂDĞĚŝĂŶ/ŶĐŽŵĞ͞D/͟ ʹD/ŝƐƚŚĞŵŝĚƉŽŝŶƚŝŶƚŚĞŝŶĐŽŵĞĚŝƐƚƌŝďƵƚŝŽŶǁŝƚŚŝŶĂƐƉĞĐŝĨŝĐ ŐĞŽŐƌĂƉŚŝĐĂƌĞĂ͘ǇĚĞĨŝŶŝƚŝŽŶ͕ϱϬйŽĨŚŽƵƐĞŚŽůĚƐĞĂƌŶůĞƐƐƚŚĂŶƚŚĞŵĞĚŝĂŶŝŶĐŽŵĞĂŶĚϱϬй ĞĂƌŶŵŽƌĞ͘dŚĞh͘^͘ĞƉĂƌƚŵĞŶƚŽĨ,ŽƵƐŝŶŐĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚ;,hͿĐĂůĐƵůĂƚĞƐD/ ĂŶŶƵĂůůǇĂŶĚĂĚũƵƐƚŵĞŶƚƐĂƌĞŵĂĚĞĨŽƌĨĂŵŝůǇƐŝǌĞ͘ ƐƐŝƐƚĞĚ>ŝǀŝŶŐ ʹƐƐŝƐƚĞĚ>ŝǀŝŶŐƉƌŽƉĞƌƚŝĞƐĐŽŵĞŝŶĂǀĂƌŝĞƚǇŽĨĨŽƌŵƐ͕ďƵƚƚŚĞƚĂƌŐĞƚŵĂƌŬĞƚĨŽƌ ŵŽƐƚŝƐŐĞŶĞƌĂůůǇƚŚĞƐĂŵĞ͗ǀĞƌǇĨƌĂŝůƐĞŶŝŽƌƐ͕ƚǇƉŝĐĂůůǇĂŐĞϴϬŽƌŽůĚĞƌ;ďƵƚĐĂŶďĞŵƵĐŚ ǇŽƵŶŐĞƌ͕ĚĞƉĞŶĚŝŶŐŽŶƚŚĞŝƌƉĂƌƚŝĐƵůĂƌŚĞĂůƚŚƐŝƚƵĂƚŝŽŶͿ͕ǁŚŽĂƌĞŝŶŶĞĞĚŽĨĞǆƚĞŶƐŝǀĞƐƵƉƉŽƌƚ ƐĞƌǀŝĐĞƐĂŶĚƉĞƌƐŽŶĂůĐĂƌĞĂƐƐŝƐƚĂŶĐĞ͘ďƐĞŶƚĂŶĂƐƐŝƐƚĞĚůŝǀŝŶŐŽƉƚŝŽŶ͕ƚŚĞƐĞƐĞŶŝŽƌƐǁŽƵůĚ Dy&/>Z^Z,ΘKE^h>d/E'ϯϮϭ WWE/y 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ƉĞƌĂĐƌĞʹƚŚĞůĂƌŐĞƌƚŚĞŶƵŵďĞƌŽĨƵŶŝƚƐƉĞƌŵŝƚƚĞĚƉĞƌĂĐƌĞƚŚĞŚŝŐŚĞƌƚŚĞĚĞŶƐŝƚǇ͖ƚŚĞĨĞǁĞƌ ƵŶŝƚƐƉĞƌŵŝƚƚĞĚƌĞƐƵůƚƐŝŶůŽǁĞƌĚĞŶƐŝƚǇ͘ĞŶƐŝƚǇŝƐŽĨƚĞŶƉƌĞƐĞŶƚĞĚŝŶĂŐƌŽƐƐĂŶĚŶĞƚĨŽƌŵĂƚ͗ 'ƌŽƐƐĞŶƐŝƚǇʹdŚĞŶƵŵďĞƌŽĨĚǁĞůůŝŶŐƵŶŝƚƐƉĞƌĂĐƌĞďĂƐĞĚŽŶƚŚĞŐƌŽƐƐƐŝƚĞĂĐƌĞĂŐĞ͘ 'ƌŽƐƐĞŶƐŝƚǇсdŽƚĂůƌĞƐŝĚĞŶƚŝĂůƵŶŝƚƐͬƚŽƚĂůĚĞǀĞůŽƉŵĞŶƚĂƌĞĂ EĞƚĞŶƐŝƚǇʹdŚĞŶƵŵďĞƌŽĨĚǁĞůůŝŶŐƵŶŝƚƐƉĞƌĂĐƌĞůŽĐĂƚĞĚŽŶƚŚĞƐŝƚĞ͕ďƵƚĞǆĐůƵĚĞƐ ƉƵďůŝĐƌŝŐŚƚͲŽĨͲǁĂǇƐ;ZKtͿƐƵĐŚĂƐƐƚƌĞĞƚƐ͕ĂůůĞǇƐ͕ĞĂƐĞŵĞŶƚƐ͕ŽƉĞŶƐƉĂĐĞƐ͕ĞƚĐ͘EĞƚ ĞŶƐŝƚǇсdŽƚĂůƌĞƐŝĚĞŶƚŝĂůƵŶŝƚƐͬƚŽƚĂůƌĞƐŝĚĞŶƚŝĂůůĂŶĚĂƌĞĂ;ĞǆĐůƵĚŝŶŐZKtƐͿ ĞƚĂĐŚĞĚ,ŽƵƐŝŶŐ ʹĂĨƌĞĞƐƚĂŶĚŝŶŐĚǁĞůůŝŶŐƵŶŝƚ͕ŵŽƐƚŽĨƚĞŶƐŝŶŐůĞͲĨĂŵŝůǇŚŽŵĞƐ͕ƐŝƚƵĂƚĞĚŽŶ ŝƚƐŽǁŶůŽƚ͘ ĨĨĞĐƚŝǀĞZĞŶƚƐ ʹŽŶƚƌĂĐƚƌĞŶƚůĞƐƐĂƉƉůŝĐĂďůĞĐŽŶĐĞƐƐŝŽŶƐ͘ ůĚĞƌůǇŽƌ^ĞŶŝŽƌ,ŽƵƐŝŶŐ ʹ,ŽƵƐŝŶŐǁŚĞƌĞĂůůƚŚĞƵŶŝƚƐŝŶƚŚĞƉƌŽƉĞƌƚǇĂƌĞƌĞƐƚƌŝĐƚĞĚĨŽƌ ŽĐĐƵƉĂŶĐǇďǇƉĞƌƐŽŶƐĂŐĞϲϮǇĞĂƌƐŽƌďĞƚƚĞƌ͕ŽƌĂƚůĞĂƐƚϴϬйŽĨƚŚĞƵŶŝƚƐŝŶĞĂĐŚďƵŝůĚŝŶŐĂƌĞ ƌĞƐƚƌŝĐƚĞĚĨŽƌŽĐĐƵƉĂŶĐǇďǇŚŽƵƐĞŚŽůĚƐǁŚĞƌĞĂƚůĞĂƐƚŽŶĞŚŽƵƐĞŚŽůĚŵĞŵďĞƌŝƐϱϱǇĞĂƌƐŽĨ ĂŐĞŽƌďĞƚƚĞƌĂŶĚƚŚĞŚŽƵƐŝŶŐŝƐĚĞƐŝŐŶĞĚǁŝƚŚĂŵĞŶŝƚŝĞƐ͕ĨĂĐŝůŝƚŝĞƐĂŶĚƐĞƌǀŝĐĞƐƚŽŵĞĞƚƚŚĞ ŶĞĞĚƐŽĨƐĞŶŝŽƌĐŝƚŝǌĞŶƐ͘ ǆƚƌĞŵĞůǇ>ŽǁͲ/ŶĐŽŵĞ 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ʹdŚĞŵŽŶƚŚůǇŚŽƵƐŝŶŐĐŽƐƚƚŽĂƚĞŶĂŶƚǁŚŝĐŚĞƋƵĂůƐƚŚĞŽŶƚƌĂĐƚZĞŶƚƉƌŽǀŝĚĞĚĨŽƌ ŝŶƚŚĞůĞĂƐĞ͕ƉůƵƐƚŚĞĞƐƚŝŵĂƚĞĚĐŽƐƚŽĨĂůůƵƚŝůŝƚŝĞƐƉĂŝĚďǇƚĞŶĂŶƚƐ͘DĂǆŝŵƵŵ'ƌŽƐƐZĞŶƚƐĨŽƌ KůŵƐƚĞĚŽƵŶƚǇĂƌĞƐŚŽǁŶŝŶƚŚĞĨŝŐƵƌĞďĞůŽǁ͘ 'ƌŽƐƐZĞŶƚ KůŵƐƚĞĚŽƵŶƚǇʹϮϬϮϰ DĂǆŝŵƵŵ'ƌŽƐƐZĞŶƚ &&ϭZϮZϯZϰZ ϯϬйŽĨŵĞĚŝĂŶΨϲϭϱΨϳϬϯΨϳϵϭΨϴϳϵΨϵϰϵ ϰϬйŽĨŵĞĚŝĂŶΨϴϮϭΨϵϯϴΨϭ͕ϬϱϱΨϭ͕ϭϳϮΨϭ͕Ϯϲϲ ϱϬйŽĨŵĞĚŝĂŶΨϭ͕ϬϮϲΨϭ͕ϭϳϮΨϭ͕ϯϭϴΨϭ͕ϰϲϱΨϭ͕ϱϴϮ ϲϬйŽĨŵĞĚŝĂŶΨϭ͕ϮϯϭΨϭ͕ϰϬϳΨϭ͕ϱϴϮΨϭ͕ϳϱϴΨϭ͕ϴϵϵ ϴϬйŽĨŵĞĚŝĂŶΨϭ͕ϲϰϮΨϭ͕ϴϳϲΨϮ͕ϭϭϬΨϮ͕ϯϰϰΨϮ͕ϱϯϮ ϭϬϬйŽĨŵĞĚŝĂŶΨϮ͕ϬϱϮΨϮ͕ϯϰϱΨϮ͕ϲϯϳΨϮ͕ϵϯϬΨϯ͕ϭϲϱ ,ŽƵƐĞŚŽůĚʹ ůůƉĞƌƐŽŶƐǁŚŽŽĐĐƵƉǇĂŚŽƵƐŝŶŐƵŶŝƚ͕ŝŶĐůƵĚŝŶŐŽĐĐƵƉĂŶƚƐŽĨĂƐŝŶŐůĞͲĨĂŵŝůǇ͕ŽŶĞ ƉĞƌƐŽŶůŝǀŝŶŐĂůŽŶĞ͕ƚǁŽŽƌŵŽƌĞĨĂŵŝůŝĞƐůŝǀŝŶŐƚŽŐĞƚŚĞƌ͕ŽƌĂŶǇŽƚŚĞƌŐƌŽƵƉŽĨƌĞůĂƚĞĚŽƌ ƵŶƌĞůĂƚĞĚƉĞƌƐŽŶƐǁŚŽƐŚĂƌĞůŝǀŝŶŐĂƌƌĂŶŐĞŵĞŶƚƐ͘ ,ŽƵƐĞŚŽůĚdƌĞŶĚƐ ʹŚĂŶŐĞƐŝŶƚŚĞŶƵŵďĞƌŽĨŚŽƵƐĞŚŽůĚƐĨŽƌĂŶǇƉĂƌƚŝĐƵůĂƌĂƌĞĂƐŽǀĞƌĂ ŵĞĂƐƵƌĂďůĞƉĞƌŝŽĚŽĨƚŝŵĞ͕ǁŚŝĐŚŝƐĂĨƵŶĐƚŝŽŶŽĨŶĞǁŚŽƵƐĞŚŽůĚĨŽƌŵĂƚŝŽŶƐ͕ĐŚĂŶŐĞƐŝŶ ĂǀĞƌĂŐĞŚŽƵƐĞŚŽůĚƐŝǌĞ͕ĂŶĚŶĞƚŵŝŐƌĂƚŝŽŶ͘ ,ŽƵƐŝŶŐŚŽŝĐĞsŽƵĐŚĞƌWƌŽŐƌĂŵ ʹdŚĞĨĞĚĞƌĂůŐŽǀĞƌŶŵĞŶƚΖƐŵĂũŽƌƉƌŽŐƌĂŵĨŽƌĂƐƐŝƐƚŝŶŐǀĞƌǇ ůŽǁͲŝŶĐŽŵĞĨĂŵŝůŝĞƐ͕ƚŚĞĞůĚĞƌůǇ͕ĂŶĚƚŚĞĚŝƐĂďůĞĚƚŽĂĨĨŽƌĚĚĞĐĞŶƚ͕ƐĂĨĞ͕ĂŶĚƐĂŶŝƚĂƌǇŚŽƵƐŝŶŐ ŝŶƚŚĞƉƌŝǀĂƚĞŵĂƌŬĞƚ͘ĨĂŵŝůǇƚŚĂƚŝƐŝƐƐƵĞĚĂŚŽƵƐŝŶŐǀŽƵĐŚĞƌŝƐƌĞƐƉŽŶƐŝďůĞĨŽƌĨŝŶĚŝŶŐĂ ƐƵŝƚĂďůĞŚŽƵƐŝŶŐƵŶŝƚŽĨƚŚĞĨĂŵŝůǇΖƐĐŚŽŝĐĞǁŚĞƌĞƚŚĞŽǁŶĞƌĂŐƌĞĞƐƚŽƌĞŶƚƵŶĚĞƌƚŚĞƉƌŽŐƌĂŵ͘ ,ŽƵƐŝŶŐĐŚŽŝĐĞǀŽƵĐŚĞƌƐĂƌĞĂĚŵŝŶŝƐƚĞƌĞĚůŽĐĂůůǇďǇƉƵďůŝĐŚŽƵƐŝŶŐĂŐĞŶĐŝĞƐ͘dŚĞǇƌĞĐĞŝǀĞ ĨĞĚĞƌĂůĨƵŶĚƐĨƌŽŵƚŚĞh͘^͘ĞƉĂƌƚŵĞŶƚŽĨ,ŽƵƐŝŶŐĂŶĚhƌďĂŶĞǀĞůŽƉŵĞŶƚ;,hͿƚŽ ĂĚŵŝŶŝƐƚĞƌƚŚĞǀŽƵĐŚĞƌƉƌŽŐƌĂŵ͘ŚŽƵƐŝŶŐƐƵďƐŝĚǇŝƐƉĂŝĚƚŽƚŚĞůĂŶĚůŽƌĚĚŝƌĞĐƚůǇďǇƚŚĞƉƵďůŝĐ ŚŽƵƐŝŶŐĂŐĞŶĐǇŽŶďĞŚĂůĨŽĨƚŚĞƉĂƌƚŝĐŝƉĂƚŝŶŐĨĂŵŝůǇ͘dŚĞĨĂŵŝůǇƚŚĞŶƉĂǇƐƚŚĞĚŝĨĨĞƌĞŶĐĞ ďĞƚǁĞĞŶƚŚĞĂĐƚƵĂůƌĞŶƚĐŚĂƌŐĞĚďǇƚŚĞůĂŶĚůŽƌĚĂŶĚƚŚĞĂŵŽƵŶƚƐƵďƐŝĚŝǌĞĚďǇƚŚĞƉƌŽŐƌĂŵ͘ ,ŽƵƐŝŶŐhŶŝƚ ʹ,ŽƵƐĞ͕ĂƉĂƌƚŵĞŶƚ͕ŵŽďŝůĞŚŽŵĞ͕ŽƌŐƌŽƵƉŽĨƌŽŽŵƐƵƐĞĚĂƐĂƐĞƉĂƌĂƚĞůŝǀŝŶŐ ƋƵĂƌƚĞƌƐďǇĂƐŝŶŐůĞŚŽƵƐĞŚŽůĚ͘ ,hWƌŽũĞĐƚͲĂƐĞĚ^ĞĐƚŝŽŶϴ ʹĨĞĚĞƌĂůŐŽǀĞƌŶŵĞŶƚƉƌŽŐƌĂŵƚŚĂƚƉƌŽǀŝĚĞƐƌĞŶƚĂůŚŽƵƐŝŶŐĨŽƌ ǀĞƌǇůŽǁͲŝŶĐŽŵĞĨĂŵŝůŝĞƐ͕ƚŚĞĞůĚĞƌůǇ͕ĂŶĚƚŚĞĚŝƐĂďůĞĚŝŶƉƌŝǀĂƚĞůǇŽǁŶĞĚĂŶĚŵĂŶĂŐĞĚƌĞŶƚĂů Dy&/>Z^Z,ΘKE^h>d/E'ϯϮϰ WWE/y ƵŶŝƚƐ͘dŚĞŽǁŶĞƌƌĞƐĞƌǀĞƐƐŽŵĞŽƌĂůůŽĨƚŚĞƵŶŝƚƐŝŶĂďƵŝůĚŝŶŐŝŶƌĞƚƵƌŶĨŽƌĂ&ĞĚĞƌĂů ŐŽǀĞƌŶŵĞŶƚŐƵĂƌĂŶƚĞĞƚŽŵĂŬĞƵƉƚŚĞĚŝĨĨĞƌĞŶĐĞďĞƚǁĞĞŶƚŚĞƚĞŶĂŶƚΖƐĐŽŶƚƌŝďƵƚŝŽŶĂŶĚƚŚĞ ƌĞŶƚ͘ƚĞŶĂŶƚǁŚŽůĞĂǀĞƐĂƐƵďƐŝĚŝǌĞĚƉƌŽũĞĐƚǁŝůůůŽƐĞĂĐĐĞƐƐƚŽƚŚĞƉƌŽũĞĐƚͲďĂƐĞĚƐƵďƐŝĚǇ͘ ,h^ĞĐƚŝŽŶϮϬϮWƌŽŐƌĂŵ ʹ&ĞĚĞƌĂůƉƌŽŐƌĂŵƚŚĂƚƉƌŽǀŝĚĞƐĚŝƌĞĐƚĐĂƉŝƚĂůĂƐƐŝƐƚĂŶĐĞĂŶĚ ŽƉĞƌĂƚŝŶŐŽƌƌĞŶƚĂůĂƐƐŝƐƚĂŶĐĞƚŽĨŝŶĂŶĐĞŚŽƵƐŝŶŐĚĞƐŝŐŶĞĚĨŽƌŽĐĐƵƉĂŶĐǇďǇĞůĚĞƌŚŽƵƐĞŚŽůĚ ǁŚŽŚĂǀĞŝŶĐŽŵĞƐŶŽƚĞǆĐĞĞĚŝŶŐϱϬйŽĨƌĞĂDĞĚŝĂŶ/ŶĐŽŵĞ͘ ,h^ĞĐƚŝŽŶϴϭϭWƌŽŐƌĂŵ ʹ&ĞĚĞƌĂůƉƌŽŐƌĂŵƚŚĂƚƉƌŽǀŝĚĞƐĚŝƌĞĐƚĐĂƉŝƚĂůĂƐƐŝƐƚĂŶĐĞĂŶĚ ŽƉĞƌĂƚŝŶŐŽƌƌĞŶƚĂůĂƐƐŝƐƚĂŶĐĞƚŽĨŝŶĂŶĐĞŚŽƵƐŝŶŐĚĞƐŝŐŶĞĚĨŽƌŽĐĐƵƉĂŶĐǇŽĨƉĞƌƐŽŶƐǁŝƚŚ ĚŝƐĂďŝůŝƚŝĞƐǁŚŽŚĂǀĞŝŶĐŽŵĞƐŶŽƚĞǆĐĞĞĚŝŶŐϱϬйƌĞĂDĞĚŝĂŶ/ŶĐŽŵĞ͘ ,h^ĞĐƚŝŽŶϮϯϲWƌŽŐƌĂŵ ʹ&ĞĚĞƌĂůƉƌŽŐƌĂŵƚŚĂƚƉƌŽǀŝĚĞƐŝŶƚĞƌĞƐƚƌĞĚƵĐƚŝŽŶƉĂǇŵĞŶƚƐĨŽƌ ůŽĂŶƐǁŚŝĐŚĨŝŶĂŶĐĞŚŽƵƐŝŶŐƚĂƌŐĞƚĞĚƚŽŚŽƵƐĞŚŽůĚƐǁŝƚŚŝŶĐŽŵĞŶŽƚĞǆĐĞĞĚŝŶŐϴϬйƌĞĂ DĞĚŝĂŶ/ŶĐŽŵĞǁŚŽƉĂǇƌĞŶƚĞƋƵĂůƚŽƚŚĞŐƌĞĂƚĞƌŽƌŵĂƌŬĞƚƌĂƚĞŽƌϯϬйŽĨƚŚĞŝƌĂĚũƵƐƚĞĚ ŝŶĐŽŵĞ͘ /ŶĐŽŵĞ>ŝŵŝƚƐ ʹDĂǆŝŵƵŵŚŽƵƐĞŚŽůĚŝŶĐŽŵĞďǇĂĚĞƐŝŐŶĞĚŐĞŽŐƌĂƉŚŝĐĂƌĞĂ͕ĂĚũƵƐƚĞĚĨŽƌ ŚŽƵƐĞŚŽůĚƐŝǌĞĂŶĚĞǆƉƌĞƐƐĞĚĂƐĂƉĞƌĐĞŶƚĂŐĞŽĨƚŚĞƌĞĂDĞĚŝĂŶ/ŶĐŽŵĞ͕ĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨ ĞƐƚĂďůŝƐŚŝŶŐĂŶƵƉƉĞƌůŝŵŝƚĨŽƌĞůŝŐŝďŝůŝƚǇĨŽƌĂƐƉĞĐŝĨŝĐŚŽƵƐŝŶŐƉƌŽŐƌĂŵ͘^ĞĞŝŶĐŽŵĞͲ ƋƵĂůŝĨŝĐĂƚŝŽŶƐ͘ /ŶĨůŽǁͬKƵƚĨůŽǁ ʹdŚĞ/ŶĨůŽǁͬKƵƚĨůŽǁŶĂůǇƐŝƐŐĞŶĞƌĂƚĞƐƌĞƐƵůƚƐƐŚŽǁŝŶŐƚŚĞĐŽƵŶƚĂŶĚ ĐŚĂƌĂĐƚĞƌŝƐƚŝĐƐŽĨǁŽƌŬĞƌĨůŽǁƐŝŶƚŽ͕ŽƵƚŽĨ͕ĂŶĚǁŝƚŚŝŶƚŚĞĚĞĨŝŶĞĚŐĞŽŐƌĂƉŚŝĐĂƌĞĂ͘ >ŽǁͲ/ŶĐŽŵĞ ʹWĞƌƐŽŶŽƌŚŽƵƐĞŚŽůĚǁŝƚŚŐƌŽƐƐŚŽƵƐĞŚŽůĚŝŶĐŽŵĞƐďĞůŽǁϴϬйŽĨƌĞĂDĞĚŝĂŶ /ŶĐŽŵĞ͕ĂĚũƵƐƚĞĚĨŽƌŚŽƵƐĞŚŽůĚƐŝǌĞ͘ >ŽǁͲ/ŶĐŽŵĞ,ŽƵƐŝŶŐdĂǆƌĞĚŝƚ ʹƉƌŽŐƌĂŵĂŝŵĞĚƚŽŐĞŶĞƌĂƚĞĞƋƵŝƚǇĨŽƌŝŶǀĞƐƚŵĞŶƚŝŶ ĂĨĨŽƌĚĂďůĞƌĞŶƚĂůŚŽƵƐŝŶŐĂƵƚŚŽƌŝǌĞĚƉƵƌƐƵĂŶƚƚŽ^ĞĐƚŝŽŶϰϮŽĨƚŚĞ/ŶƚĞƌŶĂůZĞǀĞŶƵĞŽĚĞ͘dŚĞ ƉƌŽŐƌĂŵƌĞƋƵŝƌĞƐƚŚĂƚĂĐĞƌƚĂŝŶƉĞƌĐĞŶƚĂŐĞŽĨƵŶŝƚƐďƵŝůƚďĞƌĞƐƚƌŝĐƚĞĚĨŽƌŽĐĐƵƉĂŶĐǇƚŽ ŚŽƵƐĞŚŽůĚƐĞĂƌŶŝŶŐϲϬйŽƌůĞƐƐŽĨƌĞĂDĞĚŝĂŶ/ŶĐŽŵĞ͕ĂŶĚƌĞŶƚƐŽŶƚŚĞƐĞƵŶŝƚƐďĞƌĞƐƚƌŝĐƚĞĚ ĂĐĐŽƌĚŝŶŐůǇ͘ DĂƌŬĞƚŶĂůǇƐŝƐ ʹdŚĞƐƚƵĚǇŽĨƌĞĂůĞƐƚĂƚĞŵĂƌŬĞƚĐŽŶĚŝƚŝŽŶƐĨŽƌĂƐƉĞĐŝĨŝĐƚǇƉĞŽĨƉƌŽƉĞƌƚǇ͕ ŐĞŽŐƌĂƉŚŝĐĂƌĞĂŽƌƉƌŽƉŽƐĞĚ;ƌĞͿĚĞǀĞůŽƉŵĞŶƚ͘ DĂƌŬĞƚZĞŶƚ ʹdŚĞƌĞŶƚƚŚĂƚĂŶĂƉĂƌƚŵĞŶƚ͕ǁŝƚŚŽƵƚƌĞŶƚŽƌŝŶĐŽŵĞƌĞƐƚƌŝĐƚŝŽŶƐŽƌƌĞŶƚ ƐƵďƐŝĚŝĞƐ͕ǁŽƵůĚĐŽŵŵĂŶĚŝŶĂŐŝǀĞŶĂƌĞĂŽƌ͞DĂƌŬĞƚƌĞĂ͟ĐŽŶƐŝĚĞƌŝŶŐŝƚƐůŽĐĂƚŝŽŶ͕ĨĞĂƚƵƌĞƐ ĂŶĚĂŵĞŶŝƚŝĞƐ͘ DĂƌŬĞƚ^ƚƵĚǇ ʹĐŽŵƉƌĞŚĞŶƐŝǀĞƐƚƵĚǇŽĨĂƐƉĞĐŝĨŝĐƉƌŽƉŽƐĂůŝŶĐůƵĚŝŶŐĂƌĞǀŝĞǁŽĨƚŚĞŚŽƵƐŝŶŐ ŵĂƌŬĞƚŝŶĂĚĞĨŝŶĞĚŵĂƌŬĞƚŽƌŐĞŽŐƌĂƉŚǇ͘WƌŽũĞĐƚƐƉĞĐŝĨŝĐŵĂƌŬĞƚƐƚƵĚŝĞƐĂƌĞŽĨƚĞŶƵƐĞĚďǇ ĚĞǀĞůŽƉĞƌƐ͕ƉƌŽƉĞƌƚǇŵĂŶĂŐĞƌƐŽƌŐŽǀĞƌŶŵĞŶƚĞŶƚŝƚŝĞƐƚŽĚĞƚĞƌŵŝŶĞƚŚĞĂƉƉƌŽƉƌŝĂƚĞŶĞƐƐŽĨĂ Dy&/>Z^Z,ΘKE^h>d/E'ϯϮϱ WWE/y ƉƌŽƉŽƐĞĚĚĞǀĞůŽƉŵĞŶƚ͕ǁŚĞƌĞĂƐŵĂƌŬĞƚƐƉĞĐŝĨŝĐŵĂƌŬĞƚƐƚƵĚŝĞƐĂƌĞƵƐĞĚƚŽĚĞƚĞƌŵŝŶĞǁŚĂƚ ŚŽƵƐŝŶŐŶĞĞĚƐ͕ŝĨĂŶǇ͕ĞǆŝƐƚŝŶŐǁŝƚŚŝŶĂƐƉĞĐŝĨŝĐŐĞŽŐƌĂƉŚǇ͘ DĂƌŬĞƚZĂƚĞZĞŶƚĂů,ŽƵƐŝŶŐ ʹ,ŽƵƐŝŶŐƚŚĂƚĚŽĞƐŶŽƚŚĂǀĞĂŶǇŝŶĐŽŵĞͲƌĞƐƚƌŝĐƚŝŽŶƐ͘^ŽŵĞ ƉƌŽƉĞƌƚŝĞƐǁŝůůŚĂǀĞŝŶĐŽŵĞŐƵŝĚĞůŝŶĞƐ͕ǁŚŝĐŚĂƌĞŵŝŶŝŵƵŵĂŶŶƵĂůŝŶĐŽŵĞƐƌĞƋƵŝƌĞĚŝŶŽƌĚĞƌ ƚŽƌĞƐŝĚĞĂƚƚŚĞƉƌŽƉĞƌƚǇ͘ DĞŵŽƌǇĂƌĞʹ DĞŵŽƌǇĂƌĞƉƌŽƉĞƌƚŝĞƐ͕ĚĞƐŝŐŶĞĚƐƉĞĐŝĨŝĐĂůůǇĨŽƌƉĞƌƐŽŶƐƐƵĨĨĞƌŝŶŐĨƌŽŵ ůǌŚĞŝŵĞƌ͛ƐĚŝƐĞĂƐĞŽƌŽƚŚĞƌĚĞŵĞŶƚŝĂƐ͕ŝƐŽŶĞŽĨƚŚĞŶĞǁĞƐƚƚƌĞŶĚƐŝŶƐĞŶŝŽƌŚŽƵƐŝŶŐ͘ WƌŽƉĞƌƚŝĞƐĐŽŶƐŝƐƚŵŽƐƚůǇŽĨƐƵŝƚĞͲƐƚǇůĞŽƌƐƚƵĚŝŽƵŶŝƚƐŽƌŽĐĐĂƐŝŽŶĂůůǇŽŶĞͲďĞĚƌŽŽŵĂƉĂƌƚŵĞŶƚͲ ƐƚǇůĞƵŶŝƚƐ͕ĂŶĚůĂƌŐĞĂŵŽƵŶƚƐŽĨĐŽŵŵƵŶĂůĂƌĞĂƐĨŽƌĂĐƚŝǀŝƚŝĞƐĂŶĚƉƌŽŐƌĂŵŵŝŶŐ͘/ŶĂĚĚŝƚŝŽŶ͕ ƐƚĂĨĨƚǇƉŝĐĂůůǇƵŶĚĞƌŐŽĞƐƐƉĞĐŝĂůŝǌĞĚƚƌĂŝŶŝŶŐŝŶƚŚĞĐĂƌĞŽĨƚŚŝƐƉŽƉƵůĂƚŝŽŶ͘ĞĐĂƵƐĞŽĨƚŚĞ ŐƌĞĂƚĞƌĂŵŽƵŶƚŽĨŝŶĚŝǀŝĚƵĂůŝǌĞĚƉĞƌƐŽŶĂůĐĂƌĞƌĞƋƵŝƌĞĚďǇƌĞƐŝĚĞŶƚƐ͕ƐƚĂĨĨŝŶŐƌĂƚŝŽƐĂƌĞŵƵĐŚ ŚŝŐŚĞƌƚŚĂŶƚƌĂĚŝƚŝŽŶĂůĂƐƐŝƐƚĞĚůŝǀŝŶŐĂŶĚƚŚƵƐ͕ƚŚĞĐŽƐƚƐŽĨĐĂƌĞĂƌĞĂůƐŽŚŝŐŚĞƌ͘hŶůŝŬĞ ĐŽŶǀĞŶƚŝŽŶĂůĂƐƐŝƐƚĞĚůŝǀŝŶŐ͕ŚŽǁĞǀĞƌ͕ǁŚŝĐŚĚĞĂůƐĂůŵŽƐƚĞǆĐůƵƐŝǀĞůǇǁŝƚŚǁŝĚŽǁƐŽƌǁŝĚŽǁĞƌƐ͕ ĂŚŝŐŚĞƌƉƌŽƉŽƌƚŝŽŶŽĨƉĞƌƐŽŶƐĂĨĨůŝĐƚĞĚǁŝƚŚůǌŚĞŝŵĞƌ͛ƐĚŝƐĞĂƐĞĂƌĞŝŶƚǁŽͲƉĞƌƐŽŶŚŽƵƐĞŚŽůĚƐ͘ dŚĂƚŵĞĂŶƐƚŚĞĚĞĐŝƐŝŽŶƚŽŵŽǀĞĂƐƉŽƵƐĞŝŶƚŽĂŵĞŵŽƌǇĐĂƌĞĨĂĐŝůŝƚǇŝŶǀŽůǀĞƐƚŚĞĐĂƌĞŐŝǀĞƌ͛Ɛ ĐŽŶĐĞƌŶŽĨŝŶĐƵƌƌŝŶŐƚŚĞĐŽƐƚƐŽĨŚĞĂůƚŚĐĂƌĞĂƚĂƐƉĞĐŝĂůĨĂĐŝůŝƚǇǁŚŝůĞĐŽŶƚŝŶƵŝŶŐƚŽŵĂŝŶƚĂŝŶ ƚŚĞŝƌŚŽŵĞ͘ DŝŐƌĂƚŝŽŶ ʹdŚĞŵŽǀĞŵĞŶƚŽĨŚŽƵƐĞŚŽůĚƐĂŶĚͬŽƌƉĞŽƉůĞŝŶƚŽŽƌŽƵƚŽĨĂŶĂƌĞĂ͘ DŝǆĞĚͲ/ŶĐŽŵĞWƌŽƉĞƌƚǇ ʹŶĂƉĂƌƚŵĞŶƚƉƌŽƉĞƌƚǇĐŽŶƚĂŝŶĞĚĞŝƚŚĞƌďŽƚŚŝŶĐŽŵĞͲƌĞƐƚƌŝĐƚĞĚĂŶĚ ƵŶƌĞƐƚƌŝĐƚĞĚƵŶŝƚƐŽƌƵŶŝƚƐƌĞƐƚƌŝĐƚĞĚĂƚƚǁŽŽƌŵŽƌĞŝŶĐŽŵĞůŝŵŝƚƐ͘ DŽďŝůŝƚǇ ʹdŚĞĞĂƐĞĂƚǁŚŝĐŚƉĞŽƉůĞŵŽǀĞĨƌŽŵŽŶĞůŽĐĂƚŝŽŶƚŽĂŶŽƚŚĞƌ͘DŽďŝůŝƚǇƌĂƚĞŝƐŽĨƚĞŶ ŝůůƵƐƚƌĂƚĞĚŽǀĞƌĂŽŶĞͲǇĞĂƌƚŝŵĞĨƌĂŵĞ͘ DŽĚĞƌĂƚĞ/ŶĐŽŵĞ ʹWĞƌƐŽŶŽƌŚŽƵƐĞŚŽůĚǁŝƚŚŐƌŽƐƐŚŽƵƐĞŚŽůĚŝŶĐŽŵĞďĞƚǁĞĞŶϴϬйĂŶĚϭϮϬй ŽĨƚŚĞƌĞĂDĞĚŝĂŶ/ŶĐŽŵĞ͕ĂĚũƵƐƚĞĚĨŽƌŚŽƵƐĞŚŽůĚƐŝǌĞ͘ DƵůƚŝĨĂŵŝůǇ ʹWƌŽƉĞƌƚŝĞƐĂŶĚƐƚƌƵĐƚƵƌĞƐƚŚĂƚĐŽŶƚĂŝŶŵŽƌĞƚŚĂŶƚǁŽŚŽƵƐŝŶŐƵŶŝƚƐ͘ EĂƚƵƌĂůůǇKĐĐƵƌƌŝŶŐĨĨŽƌĚĂďůĞ,ŽƵƐŝŶŐ ʹůƚŚŽƵŐŚĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐŝƐƚǇƉŝĐĂůůǇĂƐƐŽĐŝĂƚĞĚ ǁŝƚŚĂŶŝŶĐŽŵĞͲƌĞƐƚƌŝĐƚĞĚƉƌŽƉĞƌƚǇ͕ƚŚĞƌĞĂƌĞŽƚŚĞƌŚŽƵƐŝŶŐƵŶŝƚƐŝŶĐŽŵŵƵŶŝƚŝĞƐƚŚĂƚ ŝŶĚŝƌĞĐƚůǇƉƌŽǀŝĚĞĂĨĨŽƌĚĂďůĞŚŽƵƐŝŶŐ͘,ŽƵƐŝŶŐƵŶŝƚƐƚŚĂƚǁĞƌĞŶŽƚĚĞǀĞůŽƉĞĚŽƌĚĞƐŝŐŶĂƚĞĚ ǁŝƚŚŝŶĐŽŵĞŐƵŝĚĞůŝŶĞƐ;ŝ͘Ğ͘ĂƐƐŝƐƚĞĚͿǇĞƚĂƌĞŵŽƌĞĂĨĨŽƌĚĂďůĞƚŚĂŶŽƚŚĞƌƵŶŝƚƐŝŶĂĐŽŵŵƵŶŝƚǇ ĂƌĞĐŽŶƐŝĚĞƌĞĚ͞ŶĂƚƵƌĂůůǇͲŽĐĐƵƌƌŝŶŐ͟Žƌ͞ƵŶƐƵďƐŝĚŝǌĞĚĂĨĨŽƌĚĂďůĞ͟ƵŶŝƚƐ͘dŚŝƐƌĞŶƚĂůƐƵƉƉůǇŝƐ ĂǀĂŝůĂďůĞƚŚƌŽƵŐŚƚŚĞƉƌŝǀĂƚĞŵĂƌŬĞƚ͕ǀĞƌƐƵƐĂƐƐŝƐƚĞĚŚŽƵƐŝŶŐƉƌŽŐƌĂŵƐƚŚƌŽƵŐŚǀĂƌŝŽƵƐ ŐŽǀĞƌŶŵĞŶƚĂůĂŐĞŶĐŝĞƐ͘WƌŽƉĞƌƚǇǀĂůƵĞƐŽŶƚŚĞƐĞƵŶŝƚƐĂƌĞůŽǁĞƌďĂƐĞĚŽŶĂĐŽŵďŝŶĂƚŝŽŶŽĨ ĨĂĐƚŽƌƐ͕ƐƵĐŚĂƐ͗ĂŐĞŽĨƐƚƌƵĐƚƵƌĞͬŚŽƵƐŝŶŐƐƚŽĐŬ͕ůŽĐĂƚŝŽŶ͕ĐŽŶĚŝƚŝŽŶ͕ƐŝǌĞ͕ĨƵŶĐƚŝŽŶĂůůǇŽďƐŽůĞƚĞ͕ ƐĐŚŽŽůĚŝƐƚƌŝĐƚ͕ĞƚĐ͘ Dy&/>Z^Z,ΘKE^h>d/E'ϯϮϲ WWE/y EĞƚ/ŶĐŽŵĞ ʹ/ŶĐŽŵĞĞĂƌŶĞĚĂĨƚĞƌƉĂǇƌŽůůǁŝƚŚŚŽůĚŝŶŐƐƐƵĐŚĂƐƐƚĂƚĞĂŶĚĨĞĚĞƌĂůŝŶĐŽŵĞƚĂǆĞƐ͕ ƐŽĐŝĂůƐĞĐƵƌŝƚǇ͕ĂƐǁĞůůĂƐƌĞƚŝƌĞŵĞŶƚƐĂǀŝŶŐƐĂŶĚŚĞĂůƚŚŝŶƐƵƌĂŶĐĞ͘ EĞƚtŽƌƚŚ ʹdŚĞĚŝĨĨĞƌĞŶĐĞďĞƚǁĞĞŶĂƐƐĞƚƐĂŶĚůŝĂďŝůŝƚŝĞƐ͕ŽƌƚŚĞƚŽƚĂůǀĂůƵĞŽĨĂƐƐĞƚƐĂĨƚĞƌƚŚĞ ĚĞďƚŝƐƐƵďƚƌĂĐƚĞĚ͘ 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