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sŝƐŝŽŶŝŶŐǁŽƌŬƐŚŽƉƐĂŶĚƉƌŽŐƌĂŵŵŝŶŐŵĂƚƌŝĐĞƐƚŽƌĞͲĞǆƉůŽƌĞƌŝǀĞƌĨƌŽŶƚŐŽĂůƐ ĞǀĞůŽƉŵĞŶƚŽĨƐŝǆŶĞǁĂůƚĞƌŶĂƚŝǀĞƐƚŽĂĚĚƌĞƐƐƉƌŽŐƌĂŵŵĂƚŝĐĂŶĚƚĞĐŚŶŝĐĂůĐŽŶĐĞƌŶƐ DƵůƚŝƉůĞŚǇĚƌĂƵůŝĐŵŽĚĞůŝŶŐŝƚĞƌĂƚŝŽŶƐƚŽĞǀĂůƵĂƚĞĨůŽŽĚƉůĂŝŶŝŵƉĂĐƚƐ ƌŝĚŐĞƐƚƌƵĐƚƵƌĂůƌĞĚĞƐŝŐŶƚŽĂĐĐŽŵŵŽĚĂƚĞƐŝƚĞĐŽŶƐƚƌĂŝŶƚƐĂŶĚƌĞŐƵůĂƚŽƌǇƌĞƋƵŝƌĞŵĞŶƚƐ >KDZͬ>KDZƉƌŽĐĞƐƐƚŽƐĞĐƵƌĞŶĞĐĞƐƐĂƌǇĂƉƉƌŽǀĂůƐ dŚŝƐƐĞƋƵĞŶĐĞŽĨǁŽƌŬǁĂƐŶŽƚĂŶƚŝĐŝƉĂƚĞĚŝŶƚŚĞŽƌŝŐŝŶĂůƐĐŽƉĞĂŶĚĨĞĞďƵƚǁĂƐĞƐƐĞŶƚŝĂůƚŽĂĚǀĂŶĐŝŶŐ ƚŚĞƉƌŽũĞĐƚŝŶĂůŝŐŶŵĞŶƚǁŝƚŚƚŚĞŝƚǇ͛ƐŽďũĞĐƚŝǀĞƐĂŶĚƌĞŐƵůĂƚŽƌǇƐƚĂŶĚĂƌĚƐ͘ ǣ̳ ̳ͲͶͳ͵ͳͳͷʹ̳Ͳ̴͸̴̳ ̳ʹ̴ ̳̳͓ͳ̳ ʹͲʹͷ̳ͳʹǦʹͶǦʹͷ̴ EĂŵĞ͗ŵĞŶĚŵĞŶƚZĞƋƵĞƐƚEŽ͘ϭ͕ZĞǀŝƐŝŽŶEŽ͘Ϯ͕ϲ ƚŚ^ƚƌĞĞƚƌŝĚŐĞWƌŽũĞĐƚĞƐŝŐŶΘŶŐŝŶĞĞƌŝŶŐ ĂƚĞ͗ϮͬϰͬϮϲ WĂŐĞ͗ϯ ZŝǀĞƌĨƌŽŶƚsŝƐŝŽŶŝŶŐͲΨϭϰ͕ϱϬϬ ŽŵƉůĞƚĞĚƵŐƵƐƚƚŽKĐƚŽďĞƌϮϬϮϰ &ŽůůŽǁŝŶŐƚŚĞZŝǀĞƌĨƌŽŶƚŽŶƐƚƌĂŝŶƚƐŶĂůǇƐŝƐ͕ƚŚĞŝƚǇŝŶŝƚŝĂƚĞĚĂǀŝƐŝŽŶŝŶŐƉƌŽĐĞƐƐƚŽƌĞͲĞǆƉůŽƌĞƉƌŽŐƌĂŵ ĞůĞŵĞŶƚƐ͕ĂĞƐƚŚĞƚŝĐƐ͕ĂŶĚĐŽŵŵƵŶŝƚǇŐŽĂůƐĨŽƌƚŚĞƌŝǀĞƌĨƌŽŶƚĂƌĞĂ͘dŚŝƐĞĨĨŽƌƚǁĂƐŝŶƚĞŶĚĞĚƚŽĞŶƐƵƌĞ ƉƌŽƉŽƐĞĚŝŵƉƌŽǀĞŵĞŶƚƐĂůŝŐŶĞĚǁŝƚŚƉĂƐƚĂŶĚĐƵƌƌĞŶƚƐƚƵĚŝĞƐĂŶĚƉůĂŶƐĨŽƌƚŚĞĚŽǁŶƚŽǁŶƌŝǀĞƌĨƌŽŶƚ ĂŶĚƐƵƌƌŽƵŶĚŝŶŐĂƌĞĂƐ͘KƵƌƚĞĂŵƐƵƉƉŽƌƚĞĚƚŚŝƐƉƌŽĐĞƐƐ͕ůĞĚďǇ'ĂŵďůĞΘƐƐŽĐŝĂƚĞƐ͕ƚŚƌŽƵŐŚĂƐĞƌŝĞƐ ŽĨƚĂƐŬƐƚŚĂƚǁĞƌĞŶŽƚŝŶĐůƵĚĞĚŝŶŽƵƌŽƌŝŐŝŶĂůƐĐŽƉĞ͕ǁŚŝĐŚĂƐƐƵŵĞĚƚŚĞĐŽŶĐĞƉƚǁĂƐƐĞƚ͘ ŽůƚŽŶΘDĞŶŬ͛ƐĐŽŶƚƌŝďƵƚŝŽŶƐŝŶĐůƵĚĞĚƌĞǀŝĞǁŝŶŐƐŝǆƉƌĞǀŝŽƵƐůǇƉƌĞƉĂƌĞĚƌŝǀĞƌĨƌŽŶƚƐƚƵĚǇƌĞƉŽƌƚƐĂŶĚ ƉůĂŶƐ͕ƉƌĞƉĂƌŝŶŐǁŽƌŬƐŚŽƉŵĂƚĞƌŝĂůƐ͕ĂŶĚƉĂƌƚŝĐŝƉĂƚŝŶŐŝŶŝŶͲƉĞƌƐŽŶƐĞƐƐŝŽŶƐ͘DĂƚĞƌŝĂůƐĚĞǀĞůŽƉĞĚĨŽƌ ƚŚĞǁŽƌŬƐŚŽƉƐŝŶĐůƵĚĞĚ͗ DĂƉƉŝŶŐŽĨĂƌĞĂƐĐŽǀĞƌĞĚďǇĞǆŝƐƚŝŶŐƉůĂŶƐĂŶĚĂƐƐŽĐŝĂƚĞĚƉƌŽŐƌĂŵƚǇƉĞƐ KǀĞƌůĂǇŵĂƉƐŽĨĂĐƚŝǀĞƚƌĂŶƐƉŽƌƚĂƚŝŽŶƌŽƵƚĞƐ WƌŽŐƌĂŵŵŝŶŐŵĂƚƌŝĐĞƐ sŝƐƵĂůĂŶĂůǇƐĞƐŽĨůŝŐŚƚŝŶŐƚǇƉĞƐĂůŽŶŐƚŚĞƌŝǀĞƌĂŶĚďƌŝĚŐĞƐ sŝƐƵĂůĂŶĂůǇƐĞƐŽĨƌĂŝůŝŶŐƚǇƉĞƐ͕ĐŽůŽƌƐ͕ĂŶĚůŽĐĂƚŝŽŶƐĂůŽŶŐƚŚĞƌŝǀĞƌĂŶĚďƌŝĚŐĞƐ KƵƌƚĞĂŵĐŽůůĂďŽƌĂƚĞĚǁŝƚŚƐƚĂŬĞŚŽůĚĞƌƐƚŽĚĞǀĞůŽƉŶĞǁĐŽŶĐĞƉƚƐƚŚĂƚďĂůĂŶĐĞĚƚĞĐŚŶŝĐĂůĨĞĂƐŝďŝůŝƚǇ ǁŝƚŚĐŽŵŵƵŶŝƚǇĂƐƉŝƌĂƚŝŽŶƐ͘dŚĞƐĞĞĨĨŽƌƚƐƌĞƋƵŝƌĞĚƐŝŐŶŝĨŝĐĂŶƚƚŝŵĞĂŶĚƌĞƐŽƵƌĐĞƐĂŶĚǁĞƌĞŶŽƚ ŝŶĐůƵĚĞĚŝŶƚŚĞŽƌŝŐŝŶĂůƐĐŽƉĞĂŶĚĨĞĞ͘ WƌĞůŝŵŝŶĂƌǇZŝǀĞƌĨƌŽŶƚĞƐŝŐŶ/ƚĞƌĂƚŝŽŶƐͲΨϭϱϬ͕ϮϵϮ ŽŵƉůĞƚĞĚEŽǀĞŵďĞƌϮϬϮϰƚŽ&ĞďƌƵĂƌǇϮϬϮϱ KƵƌƉƌŽƉŽƐĂůĂŶƚŝĐŝƉĂƚĞĚĚĞǀĞůŽƉŵĞŶƚŽĨƵƉƚŽƚǁŽƌŝǀĞƌĨƌŽŶƚĂůƚĞƌŶĂƚŝǀĞƐ͕ďĂƐĞĚŽŶƚŚĞĂƐƐƵŵƉƚŝŽŶ 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ŚŝŐŚůǇŝƚĞƌĂƚŝǀĞĚĞƐŝŐŶĚĞǀĞůŽƉŵĞŶƚƉƌŽĐĞƐƐ͕ŝŶĐůƵĚŝŶŐǀĂůƵĞĞŶŐŝŶĞĞƌŝŶŐ͕ǁĞĂŶĂůǇǌĞĚĂƉƉƌŽǆŝŵĂƚĞůǇĂ ĚŽǌĞŶƐĐĞŶĂƌŝŽƐ͕ĞĂĐŚƌĞƋƵŝƌŝŶŐĂĚĚŝƚŝŽŶĂůƚĞĐŚŶŝĐĂůĞǆƉĞƌƚŝƐĞ͕ŵŽĚĞůŝŶŐ͕ĐŽŽƌĚŝŶĂƚŝŽŶ͕ĚŽĐƵŵĞŶƚĂƚŝŽŶ͕ ĂŶĚƋƵĂůŝƚǇĐŽŶƚƌŽů͘ dŚŝƐĞǆƉĂŶĚĞĚĞĨĨŽƌƚǁĂƐĞƐƐĞŶƚŝĂůƚŽĞŶƐƵƌĞĐŽŵƉůŝĂŶĐĞǁŝƚŚĨůŽŽĚƉůĂŝŶƌĞŐƵůĂƚŝŽŶƐĂŶĚƚŽƐƵƉƉŽƌƚƚŚĞ ŽŶĚŝƚŝŽŶĂů>ĞƚƚĞƌŽĨDĂƉZĞǀŝƐŝŽŶ;>KDZͿĂŶĚ>ĞƚƚĞƌŽĨDĂƉZĞǀŝƐŝŽŶ;>KDZͿƉƌŽĐĞƐƐĞƐ͘ WƌĞůŝŵŝŶĂƌǇƌŝĚŐĞĞƐŝŐŶͲΨϭϮϲ͕ϮϱϬ ŽŵƉůĞƚĞĚ^ĞƉƚĞŵďĞƌϮϬϮϯͲDĂǇϮϬϮϱ ĞǀĞůŽƉŵĞŶƚŽĨƚŚĞϲƚŚ^ƚƌĞĞƚƌŝĚŐĞĚĞƐŝŐŶƌĞƋƵŝƌĞĚĂůĞǀĞůŽĨĞĨĨŽƌƚĨĂƌďĞǇŽŶĚǁŚĂƚǁĂƐĂŶƚŝĐŝƉĂƚĞĚ ŝŶƚŚĞZ&W͘dŚĞŽƌŝŐŝŶĂůĐŽŶĐĞƉƚƵĂůĚĞƐŝŐŶĞŶǀŝƐŝŽŶĞĚĂĐůĞĂƌͲƐƉĂŶďƌŝĚŐĞǁŝƚŚŶŽƉŝĞƌƐŝŶƚŚĞƌŝǀĞƌĂŶĚ ŝŶĐůƵĚĞĚƚƌĞĞƐŽŶƚŚĞďƌŝĚŐĞĚĞĐŬƚŽƉƌŽǀŝĚĞƐŚĂĚĞĂŶĚǀŝƐƵĂůŝŶƚĞƌĞƐƚ͘ƐĚĞƚĂŝůĞĚĂŶĂůǇƐŝƐƉƌŽŐƌĞƐƐĞĚ͕ŝƚ ďĞĐĂŵĞĐůĞĂƌƚŚĂƚƚŚĞƐĞĨĞĂƚƵƌĞƐǁĞƌĞŶŽƚĨĞĂƐŝďůĞ͕ƐƚƌƵĐƚƵƌĂůůǇ͕ĂĐůĞĂƌͲƐƉĂŶďƌŝĚŐĞĐŽƵůĚŶŽƚŵĞĞƚ ĨůŽŽĚĞůĞǀĂƚŝŽŶĂŶĚŐƌĂĚĞĐŽŶƐƚƌĂŝŶƚƐ͕ĂŶĚŝŶĐŽƌƉŽƌĂƚŝŶŐƚƌĞĞƐƌĂŝƐĞĚƐŝŐŶŝĨŝĐĂŶƚĐŽŶĐĞƌŶƐƌĞůĂƚĞĚƚŽ ůŽŶŐͲƚĞƌŵŵĂŝŶƚĞŶĂŶĐĞĂŶĚƐƚƌƵĐƚƵƌĂůůŽĂĚŝŶŐ͘ dŚĞƐĞĨŝŶĚŝŶŐƐŵĞĂŶƚƚŚĞĚĞƐŝŐŶƉƌŽĐĞƐƐĐŽƵůĚŶŽƚƐŝŵƉůǇƌĞĨŝŶĞƚŚĞƉƌŝŽƌĐŽŶĐĞƉƚ͖ŝƚƌĞƋƵŝƌĞĚƐƚĂƌƚŝŶŐ 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ƐĐŚŽŽůĚƌŽƉͲŽĨĨŵŽĚŝĨŝĐĂƚŝŽŶƐĂŶĚĞǆƚĞŶĚĞĚůŝŵŝƚƐĂůŽŶŐϴƚŚǀĞŶƵĞ^ŶŽƌƚŚĂŶĚƐŽƵƚŚŽĨϲƚŚ^ƚƌĞĞƚ^ ĨŽƌƚŚĞŵŝŶŝͲƌŽƵŶĚĂďŽƵƚ͘ĚĚŝƚŝŽŶĂůƌŝŐŚƚͲŽĨͲǁĂǇĂŶĚƉƌŽƉĞƌƚǇůŝŶĞĚĞƚĞƌŵŝŶĂƚŝŽŶǁĂƐĂůƐŽƌĞƋƵŝƌĞĚĨŽƌ ƚŚĞƐĞĞǆƉĂŶĚĞĚůŝŵŝƚƐ͘ 'ĞŽƚĞĐŚŶŝĐĂů/ŶǀĞƐƚŝŐĂƚŝŽŶĂŶĚŶĂůǇƐŝƐͲΨϮϬ͕ϲϱϯ ŽŵƉůĞƚĞĚ:ƵůǇϮϬϮϱ KƵƌŽƌŝŐŝŶĂůŐĞŽƚĞĐŚŶŝĐĂůƐĐŽƉĞǁĂƐďĂƐĞĚŽŶƚŚĞĐŽŶĐĞƉƚƵĂůĚĞƐŝŐŶĂŶĚŝŶĐůƵĚĞĚĂĚĞĨŝŶĞĚŶƵŵďĞƌŽĨ ďŽƌŝŶŐƐĂŶĚƚǁŽŵŽďŝůŝǌĂƚŝŽŶƐ͘ƐƚŚĞĚĞƐŝŐŶĞǀŽůǀĞĚ͕ĂĚĚŝƚŝŽŶĂůĨŝĞůĚŝŶǀĞƐƚŝŐĂƚŝŽŶƐ͕ƐĂŵƉůŝŶŐ͕ĂŶĚ ĞŶŐŝŶĞĞƌŝŶŐĂŶĂůǇƐŝƐďĞĐĂŵĞŶĞĐĞƐƐĂƌǇƚŽĂĚĚƌĞƐƐŶĞǁƉƌŽũĞĐƚĞůĞŵĞŶƚƐƐƵĐŚĂƐƚŚĞŵŝŶŝͲƌŽƵŶĚĂďŽƵƚĂƚ ϴƚŚǀĞŶƵĞ^͕ŵŽĚŝĨŝĐĂƚŝŽŶƐĨƌŽŵƚŚĞŽƌŝŐŝŶĂůůǇĂŶƚŝĐŝƉĂƚĞĚƐŝŶŐůĞͲƐƉĂŶďƌŝĚŐĞƚŽĂĚĞƐŝŐŶǁŝƚŚƉŝĞƌƐŝŶ ƚŚĞƌŝǀĞƌ͕ĞǆƉĂŶĚĞĚƚƌĂŝůƐ͕ĂŶĚĨůŽŽĚǁĂůůĂĚũƵƐƚŵĞŶƚƐŽŶďŽƚŚƌŝǀĞƌďĂŶŬƐ͘dŚĞƐĞĐŚĂŶŐĞƐƌĞƋƵŝƌĞĚĂŶ ĂĚĚŝƚŝŽŶĂůϭϱƐŽŝůďŽƌŝŶŐƐĂŶĚƚǁŽĞǆƚƌĂŵŽďŝůŝǌĂƚŝŽŶƐƚŽĂůŝŐŶǁŝƚŚƚŚĞƚŝŵŝŶŐŽĨĚĞƐŝŐŶĚĞǀĞůŽƉŵĞŶƚ ĂŶĚĞŶƐƵƌĞĐŽŵƉůŝĂŶĐĞǁŝƚŚƚĞĐŚŶŝĐĂůĂŶĚƌĞŐƵůĂƚŽƌǇƌĞƋƵŝƌĞŵĞŶƚƐ͘ tĞƚůĂŶĚĞůŝŶĞĂƚŝŽŶͲΨϱ͕ϯϱϬ ŽŵƉůĞƚĞĚ:ƵůǇϮϬϮϱ tĞƚůĂŶĚĚĞůŝŶĞĂƚŝŽŶǁĂƐŶŽƚŝŶĐůƵĚĞĚŝŶŽƵƌŽƌŝŐŝŶĂůƐĐŽƉĞŽƌĨĞĞ͕ĂƐƚŚĞZ&WŝŶĚŝĐĂƚĞĚŝƚǁŽƵůĚŽŶůǇďĞ ƌĞƋƵŝƌĞĚŝĨƌĞƋƵĞƐƚĞĚďǇƌĞŐƵůĂƚŽƌǇĂŐĞŶĐŝĞƐ͘ƵƌŝŶŐƚŚĞĚĞƐŝŐŶƉƌŽĐĞƐƐ͕ĂŐĞŶĐǇĨĞĞĚďĂĐŬĚĞƚĞƌŵŝŶĞĚ ƚŚĂƚĂĨŽƌŵĂůǁĞƚůĂŶĚĚĞůŝŶĞĂƚŝŽŶǁĂƐŶĞĐĞƐƐĂƌǇǁŝƚŚŝŶƚŚĞƉƌŽũĞĐƚĨŽŽƚƉƌŝŶƚĂůŽŶŐƚŚĞƌŝǀĞƌĨƌŽŶƚ͘dŚŝƐ ǁŽƌŬŝŶǀŽůǀĞĚĨŝĞůĚŝŶǀĞƐƚŝŐĂƚŝŽŶƐ͕ƉƌĞƉĂƌĂƚŝŽŶŽĨĂĚĞůŝŶĞĂƚŝŽŶƌĞƉŽƌƚ͕ĂŶĚƐƵďŵŝƐƐŝŽŶĨŽƌďŽƵŶĚĂƌǇĂŶĚ ƚǇƉĞĐŽŶĐƵƌƌĞŶĐĞ͕ŝŶĐůƵĚŝŶŐĐŽŽƌĚŝŶĂƚŝŽŶĂŶĚŵĞĞƚŝŶŐƐǁŝƚŚƚŚĞdĞĐŚŶŝĐĂůǀĂůƵĂƚŝŽŶWĂŶĞů;dWͿ͘ ǣ̳ ̳ͲͶͳ͵ͳͳͷʹ̳Ͳ̴͸̴̳ ̳ʹ̴ ̳̳͓ͳ̳ ʹͲʹͷ̳ͳʹǦʹͶǦʹͷ̴ EĂŵĞ͗ŵĞŶĚŵĞŶƚZĞƋƵĞƐƚEŽ͘ϭ͕ZĞǀŝƐŝŽŶEŽ͘Ϯ͕ϲ ƚŚ^ƚƌĞĞƚƌŝĚŐĞWƌŽũĞĐƚĞƐŝŐŶΘŶŐŝŶĞĞƌŝŶŐ ĂƚĞ͗ϮͬϰͬϮϲ WĂŐĞ͗ϲ dƌĂĨĨŝĐ&ŽƌĞĐĂƐƚƐΘKƉĞƌĂƚŝŽŶƐŶĂůǇƐŝƐͲΨϱϮ͕ϳϬϱ ŽŵƉůĞƚĞĚEŽǀĞŵďĞƌϮϬϮϯͲƵŐƵƐƚϮϬϮϱ dŚĞŽƌŝŐŝŶĂůƐĐŽƉĞŝŶĐůƵĚĞĚĂĚĞĨŝŶĞĚƐĞƚŽĨƚƌĂĨĨŝĐĐŽƵŶƚƐĂŶĚĨŽƌĞĐĂƐƚƐ͘ƵƌŝŶŐĚĞƐŝŐŶ͕ĂĚĚŝƚŝŽŶĂů ƐĐĞŶĂƌŝŽƐĂŶĚĚĂƚĂƐŽƵƌĐĞƐ;ƐƵĐŚĂƐ^ƚƌĞĞƚ>ŝŐŚƚĂŶĂůǇƚŝĐƐͿǁĞƌĞƌĞƋƵĞƐƚĞĚƚŽĂĚĚƌĞƐƐĐŽŶĐĞƌŶƐǁŝƚŚƉƌŝŽƌ ĂƐƐƵŵƉƚŝŽŶƐĂŶĚƚŽƐƵƉƉŽƌƚĚĞĐŝƐŝŽŶͲŵĂŬŝŶŐĨŽƌŶĞǁĚĞƐŝŐŶĞůĞŵĞŶƚƐ͘dŚŝƐĂŵĞŶĚŵĞŶƚĐŽǀĞƌƐƚŚĞ ĂĚĚŝƚŝŽŶĂůĞĨĨŽƌƚƌĞƋƵŝƌĞĚĨŽƌƚŚĞƐĞĞǆƉĂŶĚĞĚĂŶĂůǇƐĞƐ͘ dƌĂĨĨŝĐ&ŽƌĞĐĂƐƚƐ tŚĞŶƉƌĞƉĂƌŝŶŐŽƵƌƐĐŽƉĞĂŶĚĨĞĞĨŽƌƚƌĂĨĨŝĐĨŽƌĞĐĂƐƚŝŶŐĨŽƌƚŚĞƉƌŽũĞĐƚǁĞĂƐƐƵŵĞĚǁĞǁŽƵůĚƵƚŝůŝǌĞ ƌĞĐĞŶƚĨŽƌĞĐĂƐƚƐĚĞǀĞůŽƉĞĚĂƐĂƉĂƌƚŽĨŽǁŶƚŽǁŶtĂƚĞƌĨƌŽŶƚ^;t^ͿƉůĂŶŶŝŶŐĞĨĨŽƌƚƐ͘tĞ ĚĞǀĞůŽƉĞĚƉĞĂŬŚŽƵƌƚƵƌŶŝŶŐŵŽǀĞŵĞŶƚĐŽƵŶƚƐďĂƐĞĚŽŶƚŚĞt^^ƚƵĚǇĂŶĚƚŚĞŶůĞĂƌŶĞĚƚŚƌŽƵŐŚ ĐŽŶǀĞƌƐĂƚŝŽŶƐǁŝƚŚZKK'ĂŶĚĐŝƚǇƐƚĂĨĨƚŚĂƚƚŚĞĂƐƐƵŵƉƚŝŽŶƐŝŶƚŚĞƐƚƵĚǇǁĞƌĞŶŽƚĨƵůůǇƐƵƉƉŽƌƚĞĚ͘tĞ ƚŚĞƌĞĨŽƌĞƉĞƌĨŽƌŵĞĚƚŚĞĨŽůůŽǁŝŶŐĂĚĚŝƚŝŽŶĂůǁŽƌŬ͗ RŽŽƌĚŝŶĂƟŽŶǁŝƚŚZKK'ƚŽƌĞĐĞŝǀĞĂŶĚƵŶĚĞƌƐƚĂŶĚĂƐƐƵŵƉƟŽŶƐŝŶĐůƵĚĞĚǁŝƚŚƚŚĞϲ ƚŚ ^ƚƌĞĞƚdƌĂĸĐƉƌŽũĞĐƚƐĚĞǀĞůŽƉĞĚďǇƚŚĞĂŐĞŶĐǇ͘ R dŚƌĞĞƚƌĂĸĐĨŽƌĞĐĂƐƚƐĐĞŶĂƌŝŽƐǁĞƌĞĚĞǀĞůŽƉĞĚĨŽƌŝŶƚĞƌƐĞĐƟŽŶƐǁŝƚŚŝŶƚŚĞƐĞŐŵĞŶƚŽĨ ϲ^ƚƌĞĞƚĨƌŽŵϭǀĞ^tƚŽϯǀĞ^ǁŝƚŚĂŶĚǁŝƚŚŽƵƚƚŚĞďƌŝĚŐĞƵƐŝŶŐZKK'ƚƌĂĸĐ ƚŚƐƚƌĚ ƉƌŽũĞĐƟŽŶƐ͘ R^ƚƌĞĞƚ>ŝŐŚƚĚĂƚĂĂŶĂůǇƐŝƐĐŽŵƉůĞƚĞĚƚŽĚĞƚĞƌŵŝŶĞŽƉĞŶŝŶŐĚĂǇǀŽůƵŵĞƐǁŝƚŚďƌŝĚŐĞďƵƚ ǁŝƚŚŽƵƚƚŚĞt^ƐŝƚĞƚƌĂĸĐĨŽƌĚŝƐĐƵƐƐŝŽŶǁŝƚŚƚŚĞŝƚǇĂŶĚůŽĐĂůŶĞŝŐŚďŽƌŚŽŽĚ͘ R WĞĂŬŚŽƵƌƚƵƌŶŝŶŐŵŽǀĞŵĞŶƚĐŽƵŶƚƐǁĞƌĞĂŐĂŝŶĚĞǀĞůŽƉĞĚĨŽƌƐƚƵĚǇĂƌĞĂŝŶƚĞƌƐĞĐƟŽŶƐ ƚŽĂƐƐŝƐƚǁŝƚŚĚĞĐŝƐŝŽŶͲŵĂŬŝŶŐ͘ƐƵŵŵĂƌǇĚŽĐƵŵĞŶƚǁĂƐĚĞǀĞůŽƉĞĚĐŽŵƉĂƌŝŶŐt^ ƚƵƌŶŝŶŐŵŽǀĞŵĞŶƚĐŽƵŶƚƐǁŝƚŚƚŚŽƐĞĚĞǀĞůŽƉĞĚǁŝƚŚZKK'ƚƌĂĸĐƉƌŽũĞĐƟŽŶƐ͘ R ϮϬϰϱƚƵƌŶŝŶŐŵŽǀĞŵĞŶƚĐŽƵŶƚƐǁĞƌĞƌĞͲĚĞǀĞůŽƉĞĚŝŶĐŽƌƉŽƌĂƟŶŐĐŽŵŵĞŶƚƐĨƌŽŵ ZKK'ƐƚĂī͘ dƌĂĨĨŝĐKƉĞƌĂƚŝŽŶƐŶĂůǇƐŝƐ ĚĚŝƚŝŽŶĂůƚƌĂĨĨŝĐŽƉĞƌĂƚŝŽŶƐĂŶĂůǇƐŝƐǁĂƐĐŽŵƉůĞƚĞĚŝŶĐŽŶũƵŶĐƚŝŽŶǁŝƚŚƚŚĞŽƵƚůŝŶĞĚƚƌĂĨĨŝĐĨŽƌĞĐĂƐƚ ǁŽƌŬĂďŽǀĞ͘dŚŝƐŝŶĐůƵĚĞĚ͗ R EŽƵŝůĚĐŽŶĚŝƟŽŶƚƌĂĸĐŽƉĞƌĂƟŽŶƐĂŶĂůǇƐŝƐǁĂƐĐŽŵƉůĞƚĞĚǁŝƚŚŵƵůƟƉůĞĨŽƌĞĐĂƐƚƐĂŶĚ ͞ƌŝĚŐĞͬEŽƌŝĚŐĞ͟ƐĐĞŶĂƌŝŽƐĨŽƌŝŶƚĞƌƐĞĐƟŽŶƐǁŝƚŚŝŶƚŚĞƐĞŐŵĞŶƚŽĨϲ^ƚƌĞĞƚĨƌŽŵϭ ƚŚƐƚ ǀĞ^tƚŽϯǀĞ^ƌĞĨĞƌĞŶĐŝŶŐƚŚĞt^ƐƚƵĚǇĂŶĚZKK'ƚƌĂĸĐƉƌŽũĞĐƟŽŶƐ͘ ƌĚ RƵŝůĚĐŽŶĚŝƟŽŶƚƌĂĸĐŽƉĞƌĂƟŽŶƐǁĂƐĐŽŵƉůĞƚĞĚĨŽƌƚŚĞƐĞŐŵĞŶƚŽĨϲ ƚŚ^ƚƌĞĞƚĨƌŽŵϭ Ɛƚ ǀĞ^tƚŽϯ ƌĚǀĞ^ǁŝƚŚŵƵůƟƉůĞƚƌĂĸĐĨŽƌĞĐĂƐƚƐĐĞŶĂƌŝŽƐ͕ǀĂƌǇŝŶŐŝŶƚĞƌƐĞĐƟŽŶĐŽŶƚƌŽů͕ ůĂŶĞĐŽŶĮŐƵƌĂƟŽŶƐ͕ĂŶĚƚƌĂĸĐƐŝŐŶĂůƟŵŝŶŐƐ͘ R WĞĚĞƐƚƌŝĂŶ>ĞǀĞůŽĨ^ĞƌǀŝĐĞĂŶĂůǇƐŝƐǁĂƐĐŽŵƉůĞƚĞĚĞĂƐƚŽĨϯ ƌĚǀĞ^ĨŽƌǀĂƌǇŝŶŐƚƌĂĸĐ ůĞǀĞůƐŽŶϲ^ƚƌĞĞƚĨŽƌĚŝƐĐƵƐƐŝŽŶĂƚƉƵďůŝĐŽƉĞŶŚŽƵƐĞ͘ ƚŚ ĚĚŝƚŝŽŶĂů/ŵƉƌŽǀĞŵĞŶƚƐϯ ƌĚƚŽϵ ƚŚǀĞŶƵĞ^ͲΨϵ͕ϱϬϬ ŽŵƉůĞƚĞĚ:ƵŶĞƚŽƵŐƵƐƚϮϬϮϱ KƵƌŽƌŝŐŝŶĂůĨĞĞĂƐƐƵŵĞĚŽŶůǇůŝŵŝƚĞĚŝŵƉƌŽǀĞŵĞŶƚƐŝŶƚŚŝƐĂƌĞĂ͕ƐƵĐŚĂƐŵŝůůĂŶĚŽǀĞƌůĂǇ͕ƐŝĚĞǁĂůŬ ǁŽƌŬ͕ĂŶĚŝŶƚĞƌƐĞĐƚŝŽŶƌĞĐŽŶƐƚƌƵĐƚŝŽŶ͘,ŽǁĞǀĞƌ͕ƚŚĞĂĚĚŝƚŝŽŶŽĨĂŵŝŶŝͲƌŽƵŶĚĂďŽƵƚĂŶĚĂŵƵůƚŝƵƐĞƚƌĂŝů ŽŶƚŚĞŶŽƌƚŚƐŝĚĞŽĨϲƚŚ^ƚƌĞĞƚ^ƌĞƋƵŝƌĞĚƐƵďƐƚĂŶƚŝĂůĂĚĚŝƚŝŽŶĂůĚĞƐŝŐŶĞĨĨŽƌƚ͘dŚŝƐŝŶĐůƵĚĞĚĐŽƌƌŝĚŽƌ 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ƚĞĂŵĂŶĚĐŽŵŵƵŶŝƚǇŝŶƉƵƚ͘dŚŝƐŝŶĐůƵĚĞƐƚŚŽƵŐŚƚĨƵůŝƚĞƌĂƚŝŽŶŽŶƉůĂŶƚŝŶŐĚĞƐŝŐŶĂŶĚƌĞƐƚĂƌĞĂƐĂůŽŶŐ ϲƚŚ^ƚƌĞĞƚĞĂƐƚĂŶĚǁĞƐƚŽĨƚŚĞƌŝǀĞƌ͕ǁŚŝĐŚǁŝůůĐŽŶƚŝŶƵĞƚŽŝŶĐŽƌƉŽƌĂƚĞĐŽŵŵƵŶŝƚǇĨĞĞĚďĂĐŬ͘dŚĞ ,ĂǌĂŵĂWůĂǌĂĚĞƐŝŐŶĂŝŵƐƚŽĨƵŶĐƚŝŽŶĂƐĂŶŝŶƚĞƌŝŵƐƉĂĐĞǁŚŝůĞŝŶƚĞŐƌĂƚŝŶŐŝŶƚŽĂĨƵƚƵƌĞĐŽŵŵƵŶŝƚǇ ŐĂƚĞǁĂǇƚŽƚŚĞŶŽƌƚŚ͕ǁŝƚŚƉŽƚĞŶƚŝĂůĨŽƌĨƵƌƚŚĞƌƌĞĨŝŶĞŵĞŶƚŝŶƐƚƌĞĞƚƐĐĂƉĞ͕ƌŝǀĞƌĨƌŽŶƚ͕ĂŶĚĂƌƚďĂƐĞĚŽŶ ƵƉĐŽŵŝŶŐĞŶŐĂŐĞŵĞŶƚĂĐƚŝǀŝƚŝĞƐŝŶKĐƚŽďĞƌĂŶĚEŽǀĞŵďĞƌ͘^ƵƉƉŽƌƚŝŶŐƚŚĞƐĞĞŶŚĂŶĐĞŵĞŶƚƐƌĞƋƵŝƌĞƐ ĂĚĚŝƚŝŽŶĂůĐŝǀŝůĂŶĚƐƚƌƵĐƚƵƌĂůĚĞƐŝŐŶ͘ >KDZͲΨϯϵ͕ϴϬϬĂŶĚ>KDZͲΨͲΨϭϬ͕ϮϬϬ >KDZϵϬйŽŵƉůĞƚĞĂƐŽĨĞĐĞŵďĞƌϮϬϮϱ͕>KDZϬйĐŽŵƉůĞƚĞĂƐŽĨĞĐĞŵďĞƌϮϬϮϱ ĂƐĞĚŽŶƚŚĞƉƌŝŽƌĐŽŶĐĞƉƚƵĂůĚĞƐŝŐŶƐ͕ǁŚŝĐŚĨĞĂƚƵƌĞĚƉƵůůŝŶŐďĂĐŬƚŚĞĨůŽŽĚǁĂůůƐĂŶĚĂďƌŝĚŐĞǁŝƚŚŶŽ ƉŝĞƌƐ͕ƚŚĞZ&WĂŶĚŽƵƌŽƌŝŐŝŶĂůƐĐŽƉĞƌĞĂƐŽŶĂďůǇĂƐƐƵŵĞĚƚŚĂƚƚŚĞƉƌŽƉŽƐĞĚŝŵƉƌŽǀĞŵĞŶƚƐǁŽƵůĚŶŽƚ ĐĂƵƐĞĂƌŝƐĞŝŶĨůŽŽĚĞůĞǀĂƚŝŽŶƐ͘,ŽǁĞǀĞƌ͕ŚǇĚƌĂƵůŝĐŵŽĚĞůŝŶŐŽĨƚŚĞƉƌŽƉŽƐĞĚĐŽŶĚŝƚŝŽŶƐŚŽǁĞĚĂƐŵĂůů ƌŝƐĞ͕ƚƌŝŐŐĞƌŝŶŐƌĞŐƵůĂƚŽƌǇƌĞƋƵŝƌĞŵĞŶƚƐƚŚĂƚĐŽƵůĚŶŽƚŚĂǀĞďĞĞŶĂŶƚŝĐŝƉĂƚĞĚĂƚƚŚĞƚŝŵĞŽĨĐŽŶƚƌĂĐƚ͘Ɛ ĂƌĞƐƵůƚ͕ǁĞǁĞƌĞƌĞƋƵŝƌĞĚƚŽƉƌĞƉĂƌĞĂŶĚƐƵďŵŝƚĂŽŶĚŝƚŝŽŶĂů>ĞƚƚĞƌŽĨDĂƉZĞǀŝƐŝŽŶ;>KDZͿĂŶĚ͕ ĨŽůůŽǁŝŶŐĐŽŶƐƚƌƵĐƚŝŽŶ͕Ă>ĞƚƚĞƌŽĨDĂƉZĞǀŝƐŝŽŶ;>KDZͿ͘dŚŝƐĞĨĨŽƌƚŝŶĐůƵĚĞƐƉƌĞƉĂƌŝŶŐŵĂƉƉŝŶŐ͕ĨŽƌŵƐ͕ ĂŶĚĚŽĐƵŵĞŶƚĂƚŝŽŶ͕ĐŽŽƌĚŝŶĂƚŝŶŐǁŝƚŚƚŚĞEZĂŶĚ&D͕ĂŶĚĂĚĚƌĞƐƐŝŶŐƌĞǀŝĞǁĐŽŵŵĞŶƚƐ͘ dĂƐŬϰŵĞŶĚŵĞŶƚZĞƋƵĞƐƚ͗ΨϮϬϰ͕ϵϰϳ ĚĚŝƚŝŽŶĂů/ƚĞŵƐZĞƋƵĞƐƚĞĚĂĨƚĞƌƵŐƵƐƚϮϵ͕ϮϬϮϱ &ŽůůŽǁŝŶŐŽƵƌŽƌŝŐŝŶĂůĂŵĞŶĚŵĞŶƚƌĞƋƵĞƐƚĚĂƚĞĚƵŐƵƐƚϮϵ͕ϮϬϮϱ͕ƚŚĞŝƚǇƌĞƋƵĞƐƚĞĚƚŚĞĨŽůůŽǁŝŶŐ ĂĚĚŝƚŝŽŶĂůǁŽƌŬ͘ ĚĚŝƚŝŽŶĂůsĂůƵĞŶŐŝŶĞĞƌŝŶŐ;sͿĨĨŽƌƚƐͲΨϭϱ͕ϬϬϬ ŽŵƉůĞƚĞĚŝŶĞĐĞŵďĞƌϮϬϮϱ dŽĨƵƌƚŚĞƌŝĚĞŶƚŝĨǇƉŽƚĞŶƚŝĂůĐŽŶƐƚƌƵĐƚŝŽŶĐŽƐƚƌĞĚƵĐƚŝŽŶƐ͕ƚŚĞŝƚǇƌĞƋƵĞƐƚĞĚĂĚĚŝƚŝŽŶĂůǀĂůƵĞ ĞŶŐŝŶĞĞƌŝŶŐǁŽƌŬƌĞůĂƚĞĚƚŽƚŚĞďƌŝĚŐĞĂŶĚƌŝǀĞƌĨƌŽŶƚŝŵƉƌŽǀĞŵĞŶƚƐ͘dŚŝƐŝŶǀŽůǀĞĚĂĚĚŝƚŝŽŶĂůĚĞƐŝŐŶ ĂŶĚĐŽƐƚĞƐƚŝŵĂƚŝŶŐǁŽƌŬ͕ĂƐǁĞůůĂƐƚŚƌĞĞŝŶͲƉĞƌƐŽŶŵĞĞƚŝŶŐƐ͘ ǣ̳ ̳ͲͶͳ͵ͳͳͷʹ̳Ͳ̴͸̴̳ ̳ʹ̴ ̳̳͓ͳ̳ ʹͲʹͷ̳ͳʹǦʹͶǦʹͷ̴ EĂŵĞ͗ŵĞŶĚŵĞŶƚZĞƋƵĞƐƚEŽ͘ϭ͕ZĞǀŝƐŝŽŶEŽ͘Ϯ͕ϲ ƚŚ^ƚƌĞĞƚƌŝĚŐĞWƌŽũĞĐƚĞƐŝŐŶΘŶŐŝŶĞĞƌŝŶŐ ĂƚĞ͗ϮͬϰͬϮϲ WĂŐĞ͗ϭϬ sĂƌŝĂŶĐĞZĞƋƵĞƐƚͲΨϭϬ͕ϬϬϬ ŽŵƉůĞƚĞĚŝŶĞĐĞŵďĞƌϮϬϮϱ dŽŵŝƚŝŐĂƚĞŝŵƉĂĐƚƐƚŽƚŚĞ^ůĂƚƚĞƌůǇWĂƌŬŶĞŝŐŚďŽƌŚŽŽĚƉŽƌƚŝŽŶŽĨƚŚĞƉƌŽũĞĐƚ͕ƚŚĞŝƚǇƌĞƋƵĞƐƚĞĚƚŚĂƚ ǁĞƉƌĞƉĂƌĞ͕ƐƵďŵŝƚ͕ĂŶĚƉƌĞƐĞŶƚǀĂƌŝĂŶĐĞĂƉƉůŝĐĂƚŝŽŶƐƚŽĂůůŽǁĨŽƌĂƌĞĚƵĐĞĚĐůĞĂƌǌŽŶĞĨŽƌƚŚĞŵƵůƚŝͲ 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ϭŚƌĞĚĚŝŶŐŽǆΨϱϱ͘ϬϬͬŚƌΨϱϱ͘ϬϬ ϯŚƌ>ĂďŽƌĞƌƐΨϭϭϰ͘ϬϬͬŚƌΨϯϰϮ͘ϬϬ ΨϮ͕Ϯϳϴ͘ϬϬ KĐƚŽďĞƌϮϬϮϱ͗DŽďŝůŝǌĂƚŝŽŶŽĨhŶĚĞƌŐƌŽƵŶĚƌĞǁƋƵŝƉŵĞŶƚΘdŽŽůƐĨŽƌ ϱϮ,ZΨϯϯϮ͘ϳϬΨϭϳ͕ϯϬϬ͘ϰϬΨϭ͕ϴϭϲ͘ϱϰΨϯ͕ϰϲϬ͘ϬϴΨϮϮ͕ϱϳϳ͘ϬϮ Ϯ ^ƵƉƉŽƌƚŝŶŐ&ŝďĞƌKƉƚŝĐƵĐƚĂŶŬ ϬŚƌĂƚϯϳϰǆĐĂǀĂƚŽƌ΀EŽƚŐŽŝŶŐƚŽƵƚŝůŝǌĞ΁ ,KhZ^ZWZ^Edd/D&KZ Yh/WDEddKΘ&ZKDd, EŽƚĞƐ͗ ϬŚƌĂƚϯϱϮǆĐĂǀĂƚŽƌ΀tŝůůƵƚŝůŝǌĞĂƚϯϰϱƚŚĂƚŝƐŽŶƚŚĞƐŝƚĞ΁ >KtKzdK>/sZ DŽďŝůŝǌĂƚŝŽŶŽĨhƚŝůŝƚǇ^ĞǁĞƌĐƌĞǁƚŽĐŽŵƉůĞƚĞƚŚŝƐǁŽƌŬ͘^ŝŵŝůĂƌƚŽŽůƐĂƌĞĂĂůƌĞĂĚǇ ϴŚƌĂƚϵϲϲ>ŽĂĚĞƌ ŽŶƚŚĞƉƌŽũĞĐƚďƵƚĂƌĞďƵƐǇĐŽŵƉůĞƚŝŶŐŵĂƐƐĞǆĐĂǀĂƚŝŽŶǁŽƌŬ͘ ϴŚƌdƌĞŶĐŚŽǆ WZK:d ϴŚƌĞĚĚŝŶŐŽǆ ZŽƵŶĚdƌŝƉĨƌŽŵ:ŽƌĚĂŶ͕DEƚŽZ^d/ŶƚŝƌƉŽƌƚŝƐϰŚƌƐΘĚŽĞƐŶŽƚŝŶĐůƵĚĞůŽĂĚŝŶŐ ϴŚƌ&ŽƌĞŵĂŶƚŽŽůďŽǆ ĂŶĚƵŶůŽĂĚŝŶŐĞƋƵŝƉŵĞŶƚŽŶΘŽĨĨůŽǁďŽǇ ϴŚƌDŝŶŝǆĐĂǀĂƚŽƌ ϰŚƌsĂĐdƌƵĐŬ ϴŚƌ/ͲďĞĂŵƐΘ^ƵƉƉŽƌƚƐ ,ǇĚŽͲǆĐĂǀĂƚĞŽǁŶƚŽĞǆƉŽƐĞƚŚĞĨŽƵƌĐŽƌŶĞƌƐŽĨƚŚĞŽŶĐƌĞƚĞƵĐƚ ϰ,ZΨϭ͕Ϭϳϳ͘ϬϬΨϱ͕ϲϱϵ͘ϴϬΨϱϵϰ͘ϮϴΨϭ͕ϭϯϭ͘ϵϲΨϳ͕ϯϴϲ͘Ϭϰ ϯ ĂŶŬͲƉĞƌ&ƌĞǀŝĞǁŽĨƐƵƉƉŽƌƚƉůĂŶ ϭŚƌ&ŽƌĞŵĂŶΘdƌƵĐŬΨϮϬϮ͘ϬϬͬŚƌΨϮϬϮ͘ϬϬ ϭŚƌsĂĐdƌƵĐŬΨϰϭϱ͘ϬϬͬŚƌΨϰϭϱ͘ϬϬ EŽƚĞƐ͗ ^D,^ĞǁĞƌĐƌĞǁĂůŽŶŐǁŝƚŚĂsĂĐdƌƵĐŬǁŝůůĞǆƉŽƐĞƚŚĞĐŽƌŶĞƌƐŽĨƚŚĞĐŽŶĐƌĞƚĞĚƵĐƚ ϭŚƌKƉĞƌĂƚŽƌΨϭϭϴ͘ϬϬͬŚƌΨϭϭϴ͘ϬϬ ďĂŶŬĂƐŶĞĞĚƚŽŬŶŽǁƚŚĞůŽĐĂƚŝŽŶŽĨǁŚĞƌĞƚŽĚŝŐĂŶĚǁŚĞƌĞŶŽƚƚŽĚŝŐ͘ ϯŚƌ>ĂďŽƌĞƌƐΨϭϭϰ͘ϬϬͬŚƌΨϯϰϮ͘ϬϬ ϭŚƌƐΨϭ͕Ϭϳϳ͘ϬϬ tĂƚĞƌͬŝƐƉŽƐĂůŽƐƚĨŽƌsĂĐdƌƵĐŬ ϮĞĂ͘Ψϭ͕ϯϱϭ͘ϴϬWƵƌĐŚĂƐĞŽĨǁĂƚĞƌͬĚŽǌĞƌƚŽƉƌŽĐĞƐƐĚƵŵƉŝŶĨŝůůŽƌŚĂƵůƚŽĚŝƐƉŽƐĂůƐŝƚĞ ǆƉŽƐĞĂŶĚ^ƵƉƉŽƌƚƵĐƚĂŶŬ ϭ>^Ψϭϵ͕ϲϳϳ͘ϬϬΨϭϵ͕ϲϳϳ͘ϬϬΨϮ͕Ϭϲϲ͘ϬϵΨϯ͕ϵϯϱ͘ϰϬΨϮϱ͕ϲϳϴ͘ϰϵ ϰ ǆĐĂǀĂƚĞΘǆƉŽƐĞŽŶĐƌĞƚĞƵĐƚĂŶŬ ϴ,ZΨϭ͕ϰϬϱ͘ϱϬΨϭϭ͕Ϯϰϰ͘ϬϬΨϭ͕ϭϴϬ͘ϲϮΨϮ͕Ϯϰϴ͘ϴϬΨϭϰ͕ϲϳϯ͘ϰϮ ϰ ^ĞƚƵƉZŽĂĚWůĂƚĞƐ͕/ͲďĞĂŵƐ͕ŽŶŶĞĐƚŝŶĚĞƌƐΘ^ĞĐƵƌĞƵĐƚĂŶŬ ϲ,ZΨϭ͕ϰϬϱ͘ϱϬΨϴ͕ϰϯϯ͘ϬϬΨϴϴϱ͘ϰϳΨϭ͕ϲϴϲ͘ϲϬΨϭϭ͕ϬϬϱ͘Ϭϳ ϰ ϭŚƌ&ŽƌĞŵĂŶΘdƌƵĐŬΨϮϬϮ͘ϬϬͬŚƌΨϮϬϮ͘ϬϬ ^ƚĂŶĚĂƌĚ^ŝŶŐůĞ,ŽĞ ϭŚƌĂƚϯϰϵǆĐĂǀĂƚŽƌΨϯϵϭ͘ϬϬͬŚƌΨϯϵϭ͘ϬϬ EŽƚĞƐ͗ dŚŝƐŝŶĐůƵĚĞƐƚŚĞĐŽƐƚƐĨŽƌĂƉŝƉĞĐƌĞǁĨŽƌĂĚĂǇƚŽƉůĂĐĞƚŚĞ/ͲďĞĂŵ͕ƚƵŶŶĞůƵŶĚĞƌ ϭŚƌĂƚϵϲϲ>ŽĂĚĞƌΨϮϲϮ͘ϬϬͬŚƌΨϮϲϮ͘ϬϬ WŝƉĞƌĞǁ ƚŚĞĚƵĐƚďĂŶŬ͕ŝŶƐƚĂůůƚŚĞƐƚƌĂƉƐĂŶĚƚŚĞĂŶŐůĞŝƌŽŶΘŐĞƚĞǀĞƌǇƚŚŝŶŐƐĞĐƵƌĞ͘ Ϭ͘ϱŚƌĂƚŽŵƉĂĐƚŽƌΨϭϭϳ͘ϬϬͬŚƌΨϱϴ͘ϱϬ dŚŝƐƐĞĐƵƌĞƐƚŚĞŽŶĐƌĞƚĞƵĐƚĂŶŬƉƌŝŽƌƚŽĚŝŐŐŝŶŐĂŶǇĚŝƌƚŽƵƚĨƌŽŵƵŶĚĞƌŶĞĂƚŚ ϭŚƌdƌĞŶĐŚŽǆΨϵϱ͘ϬϬͬŚƌΨϵϱ͘ϬϬ ŽĨŝƚ͘ ϭŚƌĞĚĚŝŶŐŽǆΨϱϱ͘ϬϬͬŚƌΨϱϱ͘ϬϬ ϯŚƌ>ĂďŽƌĞƌƐΨϭϭϰ͘ϬϬͬŚƌΨϯϰϮ͘ϬϬ Ψϭ͕ϰϬϱ͘ϱϬ WĂŐĞϮŽĨϯ &K ϵͬϮϱͬϮϬϮϱ :ŽďĞƐĐƌŝƉƚŝŽŶ :ŽďEŽ͘:Žď>ŽĐĂƚŝŽŶ ZƵŶǁĂǇϯͬϮϭWŚĂƐĞϰ͗ZsΘZƵŶǁĂǇϯǆƚĞŶƐŝŽŶ'ƌĂĚŝŶŐ ϬϭϮϰͲϬϭϰϯϰ&WƌŽũĞĐƚEŽ͘ϯͲϮϳͲϬϬϴϰͲϰϵͲϮϰͬDŶKd^WϱϱϬϭͲϮϯϵ͕ŝƚǇEŽ͘ϲϴϲϴZŽĐŚĞƐƚĞƌ͕DE ǆĐĂǀĂƚĞƌĞŵĂŝŶĚĞƌŽĨƚƌĞŶĐŚ͕ƉůĂĐĞƉŝƉĞĂŶĚďĂĐŬĨŝůů ϭ>^ΨϮϱ͕ϵϭϯ͘ϮϳΨϮϱ͕ϵϭϯ͘ϮϳΨϮ͕ϳϮϬ͘ϴϵΨϱ͕ϭϴϮ͘ϲϱΨϯϯ͕ϴϭϲ͘ϴϮ ϱ ǆĐĂǀĂƚĞdƌĞŶĐŚĂƌŽƵŶĚĂŶĚƵŶĚĞƌŽŶĐƌĞƚĞƵĐƚĂŶŬƚŽ/ŶǀĞƌƚŽĨWŝƉĞ ϰ,ZΨϭ͕ϳϴϭ͘ϬϬΨϳ͕ϭϮϰ͘ϬϬΨϳϰϴ͘ϬϮΨϭ͕ϰϮϰ͘ϴϬΨϵ͕Ϯϵϲ͘ϴϮ ϱ ^ĞƚdƌĞŶĐŚďŽǆ;ŝĨĂƉƉůŝĐĂďůĞͿ͕ďĞĚƚƌĞŶĐŚ͕ƐǁŝŶŐĂŶĚƐĞƚƉŝƉĞ ϰ,ZΨϭ͕ϳϴϭ͘ϬϬΨϳ͕ϭϮϰ͘ϬϬΨϳϰϴ͘ϬϮΨϭ͕ϰϮϰ͘ϴϬΨϵ͕Ϯϵϲ͘ϴϮ ϱ ^ŚĂĚĞĂŶĚĂĐŬĨŝůůƉŝƉĞƚŽďŽƚƚŽŵŽĨŽŶĐƌĞƚĞƵĐƚĂŶŬ ϰ,ZΨϭ͕ϳϴϭ͘ϬϬΨϳ͕ϭϮϰ͘ϬϬΨϳϰϴ͘ϬϮΨϭ͕ϰϮϰ͘ϴϬΨϵ͕Ϯϵϲ͘ϴϮ ϱ >^DĂĐŬĨŝůůƵŶĚĞƌŽŶĐƌĞƚĞƵĐƚĂŶŬ;DĂƚĞƌŝĂůŽƐƚƐͿ ϰzΨϮϰϰ͘ϴϮΨϵϳϵ͘ϮϳΨϭϬϮ͘ϴϮΨϭϵϱ͘ϴϱΨϭ͕Ϯϳϳ͘ϵϱ ϱ ŽŵƉůĞƚĞĂĐŬĨŝůůŽĨƚŚĞƐŝĚĞƐĂŶĚŽǀĞƌƚŚĞƚŽƉŽĨƚŚĞƵĐƚĂŶŬ Ϯ,ZΨϭ͕ϳϴϭ͘ϬϬΨϯ͕ϱϲϮ͘ϬϬΨϯϳϰ͘ϬϭΨϳϭϮ͘ϰϬΨϰ͕ϲϰϴ͘ϰϭ ϱ ϭŚƌ&ŽƌĞŵĂŶΘdƌƵĐŬΨϮϬϮ͘ϬϬͬŚƌΨϮϬϮ͘ϬϬ EŽƚĞƐ͗ dŚŝƐĂĐƚŝǀŝƚǇŝŶĐůƵĚĞĚƚŚĞƉŝƉĞĐƌĞǁĨŽƌĂůŽŶŐĚĂǇƚŽŝŶƐƚĂůůƚŚĞƉŝƉĞ͕ƉůĂĐĞĂŶĚ ϭŚƌĂƚϯϰϵǆĐĂǀĂƚŽƌΨϯϵϭ͘ϬϬͬŚƌΨϯϵϭ͘ϬϬ WŝƉĞƌĞǁǁͬĂĐŬĨŝůů ^ƚĂŶĚĂƌĚ^ŝŶŐůĞ,ŽĞ ĐŽŵƉĂĐƚƚŚĞďĞĚĚŝŶŐŵĂƚĞƌŝĂůĂƌŽƵŶĚƚŚĞƉŝƉĞ͕ƚŚĞŶƚŽďĞŐŝŶƉƵůůŝŶŐƚŚĞƚƌĞŶĐŚďŽǆ ϭŚƌĂƚϵϲϲ>ŽĂĚĞƌΨϮϲϮ͘ϬϬͬŚƌΨϮϲϮ͘ϬϬ ǁŚŝůĞǁĞĐŽŵƉůĞƚĞƚŚĞƌĞŵĂŝŶŝŶŐďĂĐŬĨŝůůǁŝƚŚŝŶƚŚĞƚƌĞŶĐŚĂŶĚĂƌŽƵŶĚƚŚĞĨŝďĞƌ ϭŚƌĂƚͲϲŽǌĞƌΨϯϭϳ͘ϬϬͬŚƌΨϯϭϳ͘ϬϬ ŽƉƚŝĐĐŽŶĚƵŝƚ͘ ϭŚƌĂƚŽŵƉĂĐƚŽƌΨϭϭϳ͘ϬϬͬŚƌΨϭϭϳ͘ϬϬ ϭŚƌdƌĞŶĐŚŽǆΨϵϱ͘ϬϬͬŚƌΨϵϱ͘ϬϬ EŽ>^DǁĂƐĂĚĚĞĚƚŽƚŚŝƐĂĐƚŝǀŝƚǇǁŚĞŶ/ǁĂƐŽƌŝŐŝŶĂůůǇĂƐƐĞŵďůŝŶŐƚŚĞĐŚĂŶŐĞ ϭŚƌĞĚĚŝŶŐŽǆΨϱϱ͘ϬϬͬŚƌΨϱϱ͘ϬϬ ŽƌĚĞƌƌĞƋƵĞƐƚ͘/ƚǁĂƐŵŝƐƐĞĚŽŶƚŚĞĨŝŶĂůƐƵďŵŝƚƚŝŶŐ͕ďƵƚĂĚĚŝƚŝŽŶĂůƐĂŶĚďĂĐŬĨŝůůŝƐĂ ϯŚƌ>ĂďŽƌĞƌƐΨϭϭϰ͘ϬϬͬŚƌΨϯϰϮ͘ϬϬ ŐŽŽĚƐƵďƐƚŝƚƵƚĞƐŝŶĐĞŝƚƉƌŽǀŝĚĞƐƐƵƉƉŽƌƚĂŶĚƚŚĞĚƵĐƚďĂŶŬǁŝůůďĞƌĞŵŽǀĞĚ͘ Ψϭ͕ϳϴϭ͘ϬϬ ZĞŵŽǀĞƵĐƚĂŶŬ^ƵƉƉŽƌƚ^ǇƐƚĞŵ ϴ,ZΨϭ͕ϰϬϱ͘ϱϬΨϭϭ͕Ϯϰϰ͘ϬϬΨϭ͕ϭϴϬ͘ϲϮΨϮ͕Ϯϰϴ͘ϴϬΨϭϰ͕ϲϳϯ͘ϰϮ ϲ ϭŚƌ&ŽƌĞŵĂŶΘdƌƵĐŬΨϮϬϮ͘ϬϬͬŚƌΨϮϬϮ͘ϬϬ EŽƚĞƐ͗ ^ƚĂŶĚĂƌĚ^ŝŶŐůĞ,ŽĞ dŚŝƐŝŶĐůƵĚĞƐƚŚĞĐŽƐƚƐƚŽƌĞŵŽǀĞƚŚĞƐƵƉƉŽƌƚƐǇƐƚĞŵĚƵƌŝŶŐƚŚĞďĂĐŬĨŝůůŽƉĞƌĂƚŝŽŶ͕ ϭŚƌĂƚϯϱϮǆĐĂǀĂƚŽƌΨϯϵϭ͘ϬϬͬŚƌΨϯϵϭ͘ϬϬ ƚŽƐĞĐƵƌĞƚŚĞĚƵĐƚďĂŶŬΘƚŽƉƵƚĂůůŽĨƚŚĞƚŽŽůƐĂǁĂǇ͘ ϭŚƌĂƚϵϲϲ>ŽĂĚĞƌΨϮϲϮ͘ϬϬͬŚƌΨϮϲϮ͘ϬϬ WŝƉĞƌĞǁ Ϭ͘ϱŚƌĂƚŽŵƉĂĐƚŽƌΨϭϭϳ͘ϬϬͬŚƌΨϱϴ͘ϱϬ ϭŚƌdƌĞŶĐŚŽǆΨϵϱ͘ϬϬͬŚƌΨϵϱ͘ϬϬ ϭŚƌĞĚĚŝŶŐŽǆΨϱϱ͘ϬϬͬŚƌΨϱϱ͘ϬϬ ϯŚƌ>ĂďŽƌĞƌƐΨϭϭϰ͘ϬϬͬŚƌΨϯϰϮ͘ϬϬ Ψϭ͕ϰϬϱ͘ϱϬ WƵƌĐŚĂƐĞŽĨŶŐůĞƐ͕^ƚƌĂƉƐΘŚŽĐŬĞƌƐ ϭ,ZΨϰ͕ϬϬϬ͘ϬϬΨϰ͕ϬϬϬ͘ϬϬΨϰϮϬ͘ϬϬΨϴϬϬ͘ϬϬΨϱ͕ϮϮϬ͘ϬϬ ϳ ^ZWDKĞƐŝŐŶΘWĞƐŝŐŶΘ^ƵƉƉŽƌƚ ϭ>^Ψϭϴ͕ϮϬϬ͘ϬϬΨϭϴ͕ϮϬϬ͘ϬϬΨϭ͕ϵϭϭ͘ϬϬΨϯ͕ϲϰϬ͘ϬϬΨϮϯ͕ϳϱϭ͘ϬϬ ϴ ϭ>^WĞƐŝŐŶďǇDĂĐŚŝŶŶŐŝŶĞĞƌŝŶŐΨϱ͕ϬϬϬ͘ϬϬΨϱ͕ϬϬϬ͘ϬϬΨϱϮϱ͘ϬϬΨϭ͕ϬϬϬ͘ϬϬΨϲ͕ϱϮϱ͘ϬϬ ϰϬ,Z^ZWD^D,ŚĂŶŐĞŽĨŽŶĚŝƚŝŽŶĞƐŝŐŶΨϯϯϬ͘ϬϬΨϭϯ͕ϮϬϬ͘ϬϬΨϭ͕ϯϴϲ͘ϬϬΨϮ͕ϲϰϬ͘ϬϬΨϭϳ͕ϮϮϲ͘ϬϬ ^ƵďƚŽƚĂůKǀĞƌŚĞĂĚWƌŽĨŝƚ'ƌĂŶĚdŽƚĂů ΨϭϮϬ͕Ϯϭϴ͘ϰϳΨϭϮ͕ϲϮϮ͘ϵϰΨϮϰ͕Ϭϰϯ͘ϲϵΨϭϱϲ͕ϴϴϱ͘ϭϬ ^D,WŝƉĞƌĞǁŚŽƵƌƐůŽƐƚŝŶϮϬϮϰĚƵĞƚŽŝĨĨĞƌŝŶŐ^ŝƚĞŽŶĚŝƚŝŽŶ͗ϴ͘ϬϬ,Z^;ůĞƐƐƚŚĂŶĂĨƵůůǁŽƌŬĚĂǇͿ ŶƚŝĐŝƉĂƚĞĚĚƵƌĂƚŝŽŶĨŽƌ,ǇĚƌŽǆĐĂǀĂƚŝŽŶ͗ϰ͘ϬϬ,Z^ dŽƚĂů^D,WŝƉĞƌĞǁŚŽƵƌƐŝŶƐƚŝŵĂƚĞƚŽŽŵƉůĞƚĞtŽƌŬϯϲ͘ϬϬ,Z^;ϯĨƵůůϭϮŚƌǁŽƌŬĚĂǇƐͿ dŚĞĂĚĚŝƚŝŽŶĂůǁŽƌŬŝŶĐůƵĚĞĚŝŶƚŚŝƐŚĂŶŐĞKƌĚĞƌZĞƋƵĞƐƚǁŝůůĂĚĚdĚĂǇƐƚŽƚŚĞƉƌŽũĞĐƚƐƐĐŚĞĚƵůĞ͘ dŚĞƉƌŝĐĞƋƵŽƚĞĚĂŶĚƚŚĞĚĂǇƐĞǆƚĞŶƐŝŽŶƌĞƋƵĞƐƚĞĚĂƌĞĨŽƌƚŚĞĚŝƌĞĐƚŝŵƉĂĐƚŽĨƚŚĞƌĞƋƵĞƐƚĞĚĐŚĂŶŐĞ͘^D,ĞŶƚŐĞƐƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽƐĞĞŬĂĚĚŝƚŝŽŶĂůĐŽŵƉĞŶƐĂƚŝŽŶĂŶĚͬŽƌƚŝŵĞĞǆƚĞŶƐŝŽŶĨŽƌƚŚĞ ĐƵŵƵůĂƚŝǀĞĞĨĨĞĐƚŽĨĐŚĂŶŐĞƐŽŶƚŚĞĞŶƚŝƌĞƉƌŽũĞĐƚƚŚĂƚĐĂŶŶŽƚďĞĚĞƚĞƌŵŝŶĞĚĂƚƚŚŝƐƚŝŵĞ͘ ^ŝŶĐĞƌĞůǇ͕ ^D,ĞŶƚŐĞƐΘ^ŽŶƐ͕/ŶĐ͘ :ŽĞDŝůůĞƌ WƌŽũĞĐƚDĂŶĂŐĞƌ WĂŐĞϯŽĨϯ ^͘D͘,ĞŶƚŐĞƐΘ^ŽŶƐ/ŶĐ͘ ϲϱϬYƵĂŬĞƌǀĞ͕:ŽƌĚĂŶDEϱϱϯϱϮͬKZĞƋη ϭϱ͘ϭ ĂƚĞŽĨtŽƌŬ͗ Eͬ ϵϱϮ͘ϮϬϴ͘Ϭϱϴϱ ũŽĞ͘ŵŝůůĞƌΛƐŵŚĞŶƚŐĞƐ͘ĐŽŵ tͬKη ϭͬϮϭͬϮϬϮϲ 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