&Z/MEEdZ:Z

^^>dKZEK

>/'Z'/KE>WKZYh/WK^ϮϬϮϬ

ϯϬϭϭϮϬϭϵ

^^KDWd//ME>/'Z'/KE>WKZYh/WK^

>/'Z'/KE>:ZϮϬϮϬ Ϯ

ŽŶƚĞŶŝĚŽϭEKD/E/ME>dKZEK ϯ

Ϯ Z/dZ: ϯ

ϯ >h'Z:h'K ϯ

ϰK>KZ ϯ

ϱ Z/dDK:h'K ϯ

ϲ ,KZZ/K:h'K ϯ

ϳ KZ'E//ME ϯ

ϴ KDWK^//ME>K^'ZhWK^ ϰ

ϵ ^/^dD:h'K ϰ

ϭϬ WhEdh/MEz^DWd^ ϰ

ϭϭ >EZ/K:h'K ϰ

ϭϮ >^/&//KE^^E^K^z^E^K^ ϱ

ϭϯ WZKDK/KE^Yh/WK^ ϱ

ϭϰ KDWK //ME>K^Yh/WK^ ϲ

ϭϱ /EKZWKZ/KE WK^dZ/KZ^ ϲ

ϭϲ >/E/KE ϲ

ϭϳ >/E/KE ydZKZ/EZ/^ ϳ

ϭϴ W>D/EdK^ ϳ

ϭϵ ^E/KE^ ϳ

ϮϬ >/D/E/MEhEYh/WKhZEd>KDWd//ME ϴ

Ϯϭ ZEhE/^sEd ϴ

ϮϮ KDhE//ME>Z^h>dK>EhEdZK ϴ

Ϯϯ ZD/^/ME>d>EhEdZK ϵ

Ϯϰ >DEdK^:h'K ϵ

Ϯϱ s>h/ME>K ϵ

Ϯϲ /E^Z/W/KE ϵ

Ϯϳ WZKd/MEdK^WZ^KE>^ ϵ

Ϯϴ KE^/Z/KE^&/E>^ ϭϬ

^^KDWd//ME>/'Z'/KE>WKZYh/WK^ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ

>/'Z'/KE>:ZϮϬϮϬ ϯ

ϭEKD/E/ME>dKZEK

ϭϭ >ĂĚĞŶŽŵŝŶĂĐŝſŶĚĞůƚŽƌŶĞŽƐĞƌĄ>ŝŐĂZĞŐŝŽŶĂůƉŽƌƋƵŝƉŽƐ ϮϬϮϬ

Ϯ Z/dZ:

Ϯϭ ů ĄƌďŝƚƌŽ ƉƌŝŶĐŝƉĂů ĚĞů ƚŽƌŶĞŽ ƐĞƌĄ ZĂŵſŶ ZŽƋƵĞŹŝ ĂŶĂů ƋƵĞ ĞƐƚĂƌĄ ĚŝƐƉŽŶŝďůĞƚĞůĞĨſŶŝĐĂŵĞŶƚĞ ĞŶ Ğů ŶƷŵĞƌŽ ϲϱϬϬϬϰϲϰϱƉĂƌĂĐƵĂůƋƵŝĞƌĐŽŶƐƵůƚĂŽƌĞĐůĂŵĂĐŝſŶLJƉĂƌĂůĂĞŶƚƌĞŐĂĚĞƌĞƐƵůƚĂĚŽƐ

ϯ >h'Z:h'K

ϯϭ ůůƵŐĂƌĚĞĐĂĚĂĞŶĐƵĞŶƚƌŽƐĞƌĄůĂƐĞĚĞĚĞůĐůƵďƋƵĞũƵĞŐƵĞĐŽŵŽĞƋƵŝƉŽůŽĐĂůϯϮ >ĂƷůƚŝŵĂũŽƌŶĂĚĂĚĞůŝŐĂƐĞƉŽĚƌĄĐĞůĞďƌĂƌĞŶƵŶĂƐĞĚĞƷŶŝĐĂƉĂƌĂƚŽĚĂƐůĂƐĚŝǀŝƐŝŽŶĞƐ

ŶƚĂůĐĂƐŽƐŝĨƵĞƐĞĂƐşƐĞĂǀŝƐĂƌĄĐŽŶϭϱĚşĂƐĚĞĂŶƚĞůĂĐŝſŶĂůŽƐĞƋƵŝƉŽƐ

ϰK>KZ

ϰϭ ůĞƋƵŝƉŽƋƵĞĂĐƚƷĞĐŽŵŽůŽĐĂůũƵŐĂƌĄĐŽŶůĂƐƉŝĞnjĂƐďůĂŶĐĂƐĞŶƚŽĚŽƐ ůŽƐƚĂďůĞƌŽƐƐĂůǀŽĞŶ ƚĞƌĐĞƌĂ ĚŝǀŝƐŝſŶ ƋƵĞ Ɛŝ ŚƵďŝĞƐĞ ĂůŐƷŶ ŐƌƵƉŽ ƋƵĞ ƐŽůŽ ĚŝƐƉƵƚĂƐĞ ƵŶĂ ǀƵĞůƚĂũƵŐĂƌşĂŶĐŽŶĐŽůŽƌĞƐĂůƚĞƌŶŽƐƐŝĞŶĚŽĞůƉƌŝŵĞƌƚĂďůĞƌŽĚĞůĞƋƵŝƉŽůŽĐĂů ďůĂŶĐĂƐ

ϱ Z/dDK:h'K

ϱϭ ů ƌŝƚŵŽ ĚĞ ũƵĞŐŽ ƐĞƌĄ ĚĞ EKsEd ;ϵϬͿ D/EhdK^ ƉŽƌ ũƵŐĂĚŽƌ ŵĄƐ dZ/Ed ;ϯϬͿ^'hEK^ĚĞŝŶĐƌĞŵĞŶƚŽƉŽƌũƵŐĂĚĂƌĞĂůŝnjĂĚĂ

ϲ ,KZZ/K:h'K

ϲϭ >ĂŚŽƌĂĚĞĐŽŵŝĞŶnjŽƐĞƌĄĂůĂƐϭϲϯϬŚŽƌĂƐϲϮ ^ĞĞƐƚĂďůĞĐĞƵŶƚŝĞŵƉŽĚĞĚĞŵŽƌĂŵĄdžŝŵŽĚĞƚƌĞŝŶƚĂ;ϯϬͿ ŵŝŶƵƚŽƐ ŝĞůũƵŐĂĚŽƌŶŽƐĞ

ŚĂƉƌĞƐĞŶƚĂĚŽĂůĂƐϭϳϬϬŚŽƌĂƐƉĞƌĚĞƌĄůĂƉĂƌƚŝĚĂƉŽƌŝŶĐŽŵƉĂƌĞĐĞŶĐŝĂ

ϳ KZ'E//ME

ϳϭ >Ă>ŝŐĂZĞŐŝŽŶĂůƉŽƌƋƵŝƉŽƐƐĞŽƌŐĂŶŝnjĂĞŶĐƵĂƚƌŽĚŝǀŝƐŝŽŶĞƐ

/s/^/ME 'ZhWK^ Yh/WK^

,ŽŶŽƌ ϭ ϴ

ϭǑŝǀŝƐŝſŶ ϭ ϴ

ϮǑŝǀŝƐŝſŶ Ϯ ϭϲ

^^KDWd//ME>/'Z'/KE>WKZYh/WK^

>/'Z'/KE>:ZϮϬϮϬ ϰ

ϳϮ >Ă&ĐŽŶĨŝŐƵƌĂƌĄ ůĂdĞƌĐĞƌĂŝǀŝƐŝſŶŝŶƚĞŶƚĂŶĚŽĞŶůĂŵĞĚŝĚĂĚĞ ůŽƉŽƐŝďůĞƋƵĞĞƐƚĠĨŽƌŵĂĚĂƉŽƌŐƌƵƉŽƐĚĞƐĞŝƐĞƋƵŝƉŽƐ

ϴ KDWK^//ME>K^'ZhWK^

ϴϭ EŽ ƉŽĚƌĄŶ ĞdžŝƐƚŝƌ ĞƋƵŝƉŽƐ ĨŝůŝĂůĞƐ ĚĞŶƚƌŽ ĚĞ ƵŶ ŵŝƐŵŽ ŐƌƵƉŽ ĚĞ ĐŽŵƉĞƚŝĐŝſŶ ĞŶŝǀŝƐŝſŶĚĞ,ŽŶŽƌLJĞŶϭǐŝǀŝƐŝſŶ

ϴϮ ŶůĂƐĚĞŵĄƐĐĂƚĞŐŽƌşĂƐƉŽĚƌĄŶĐŽŝŶĐŝĚŝƌϮĞƋƵŝƉŽƐĨŝůŝĂůĞƐĚĞŶƚƌŽĚĞůŵŝƐŵŽŐƌƵƉŽϴϯ Ŷ Ğů ƐƵƉƵĞƐƚŽ ĚĞ ƋƵĞ ƵŶ ĞƋƵŝƉŽ ĐŽŶ ĚĞƌĞĐŚŽ Ă ĂƐĐĞŶƐŽ ŶŽƉƵĚŝĞƌĂĞũĞƌĐŝƚĂƌůŽƉŽƌ

ŝŵƉĞĚŝƌůŽ ůĂƐ ĂŶƚĞƌŝŽƌĞƐ ƌĞŐůĂƐ ĞƐƚĞ ĚĞƌĞĐŚŽ ƐŽůĂŵĞŶƚĞ ƉŽĚƌĄ ƐĞƌĂĚƋƵŝƌŝĚŽƉŽƌĞůĞƋƵŝƉŽĐůĂƐŝĨŝĐĂĚŽĞŶĞůƐŝŐƵŝĞŶƚĞůƵŐĂƌĚĞůĂĐůĂƐŝĨŝĐĂĐŝſŶĨŝŶĂů

ϴϰ WĂƌĂ ůĂĐŽŵƉŽƐŝĐŝſŶĚĞ ůŽƐĚŝƐƚŝŶƚŽƐŐƌƵƉŽƐĚĞĚŝǀŝƐŝſŶƐĞĂƚĞŶĚĞƌĄĞŶůĂŵĞĚŝĚĂĚĞůŽƉŽƐŝďůĞĂůŽƐƐŝŐƵŝĞŶƚĞƐĐƌŝƚĞƌŝŽƐ

ĂͿ ƐŝŐŶĂĐŝſŶĚĞŐƌƵƉŽƐĚŝƐƚŝŶƚŽƐĂĞƋƵŝƉŽƐĚĞůŵŝƐŵŽĐůƵďďͿ ƐƚĂďůĞĐŝŵŝĞŶƚŽĚĞĐĂďĞnjĂƐĚĞƐĞƌŝĞĞŶĐĂĚĂŐƌƵƉŽ

ĐͿ WƌŽdžŝŵŝĚĂĚŐĞŽŐƌĄĨŝĐĂ

ϵ ^/^dD:h'K

ϵϭ ŶŝǀŝƐŝſŶĚĞ,ŽŶŽƌWƌŝŵĞƌĂŝǀŝƐŝſŶLJ ĞŐƵŶĚĂŝǀŝƐŝſŶƐĞũƵŐĂƌĄŵĞĚŝĂŶƚĞƐŝƐƚĞŵĂƌŽƵŶĚͲƌŽďŝŶĂĚŽďůĞǀƵĞůƚĂ

ϵϮ ŶdĞƌĐĞƌĂŝǀŝƐŝſŶĞůƐŝƐƚĞŵĂĚĞũƵĞŐŽƐĞƌĄƐƵŝnjŽƌŽƵŶĚͲƌŽďŝŶĂƵŶĂŽĚŽďůĞǀƵĞůƚĂĞŶĨƵŶĐŝſŶĚĞůŽƐĞƋƵŝƉŽƐ ŝŶƐĐƌŝƚŽƐ

ϭϬ WhEdh/MEz^DWd^

ϭϬϭ ůƐŝƐƚĞŵĂĚĞ ƉƵŶƚƵĂĐŝſŶ ƐĞƌĄƉŽƌĞŶĐƵĞŶƚƌŽĚĞ ŵĂƚĐŚĂƐŝŐŶĂŶĚŽĂͿ K^;ϮͿƉƵŶƚŽƐ ĂůŵĂƚĐŚŐĂŶĂĚŽďͿ hEK;ϭͿƉƵŶƚŽ ĂůŵĂƚĐŚĞŵƉĂƚĂĚŽ

ĐͿ LJZK;ϬͿƉƵŶƚŽƐĂůŵĂƚĐŚƉĞƌĚŝĚŽϭϬϮ >ŽƐĚĞƐĞŵƉĂƚĞƐĂĂƉůŝĐĂƌƐĞƌĄŶůŽƐƐŝŐƵŝĞŶƚĞƐ

ĂͿ ^ƵŵĂĚĞůŽƐƉƵŶƚŽƐĚĞƉĂƌƚŝĚĂ

ďͿ ^ŽŶŶĞďŽƌŐͲĞƌŐĞƌĐͿ ZĞƐƵůƚĂĚŽƉĂƌƚŝĐƵůĂƌ

ĚͿ ,ŽůĂŶĚĠƐĞͿ ŶĐƵĞŶƚƌŽĚĞĚĞƐĞŵƉĂƚĞ

ϭϭ >EZ/K:h'K

ϭϭϭ ůĐĂůĞŶĚĂƌŝŽĚĞũƵĞŐŽĚĞůĂ>ŝŐĂZĞŐŝŽŶĂůƉŽƌƋƵŝƉŽƐƐĞƌĄĞůƐŝŐƵŝĞŶƚĞ

^^KDWd//ME>/'Z'/KE>WKZYh/WK^ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ

>/'Z'/KE>:ZϮϬϮϬ ϱ

ZKE &, ZKE &,

ϭǑ ϬϰϬϭϮϬ ϴǑ ϮϮϬϮϮϬ

ϮǑ ϭϭϬϭϮϬ ϵǑ ϮϵϬϮϮϬ

ϯǑ ϭϴϬϭϮϬ ϭϬǑ ϬϳϬϯϮϬ

ϰǑ ϮϱϬϭϮϬ ϭϭǑ ϭϰϬϯϮϬ

ϱǑ ϬϭϬϮϮϬ ϭϮǑ ϮϭϬϯϮϬ

ϲǑ ϬϴϬϮϮϬ ϭϯǑ ϮϴϬϯϮϬ

ϳǑ ϭϱϬϮϮϬ ϭϰǑ ϬϰϬϰϮϬ

ϭϮ >^/&//KE^^E^K^z^E^K^

ϭϮϭ ŶŝǀŝƐŝſŶĚĞ,ŽŶŽƌ

ůƉƌŝŵĞƌĐůĂƐŝĨŝĐĂĚŽƐĞƌĄĂŵƉĞſŶZĞŐŝŽŶĂůĚĞ>ŝŐĂ >ŽƐĚŽƐ;ϮͿƷůƚŝŵŽƐĐůĂƐŝĨŝĐĂĚŽƐĚĞƐĐĞŶĚĞƌĄŶĂϭǐĚŝǀŝƐŝſŶ

ϭϮϮ ŶWƌŝŵĞƌĂŝǀŝƐŝſŶ ƐĐĞŶĚĞƌĄŶĂ,ůŽƐĚŽƐƉƌŝŵĞƌŽƐĐůĂƐŝĨŝĐĂĚŽƐ ĞƐĐĞŶĚĞƌĄŶĂ ĞŐƵŶĚĂŝǀŝƐŝſŶůŽƐĚŽƐƷůƚŝŵŽƐĐůĂƐŝĨŝĐĂĚŽƐ

ϭϮϯ Ŷ^ĞŐƵŶĚĂŝǀŝƐŝſŶ

ƐĐĞŶĚĞƌĄŶĂWƌŝŵĞƌĂŝǀŝƐŝſŶůŽƐĐĂŵƉĞŽŶĞƐĚĞĐĂĚĂŐƌƵƉŽ ĞƐĐĞŶĚĞƌĄŶĂdĞƌĐĞƌĂŝǀŝƐŝſŶůŽƐĚŽƐ;ϮͿƷůƚŝŵŽƐĐůĂƐŝĨŝĐĂĚŽƐ ĞŶĐĂĚĂŐƌƵƉŽ

ϭϮϰŶdĞƌĐĞƌĂŝǀŝƐŝſŶ ƐĐĞŶĚĞƌĄŶĂ^ĞŐƵŶĚĂŝǀŝƐŝſŶĐƵĂƚƌŽ;ϰͿĞƋƵŝƉŽƐƋƵĞƐĞĚĞƚĞƌŵŝŶĂƌĄĞŶĨƵŶĐŝſŶĚĞůŽƐŐƌƵƉŽƐŽƐŝƐƚĞŵĂĚĞũƵĞŐŽƋƵĞƐĞƌĞĂůŝĐĞ

ϭϯ WZKDK/KE^Yh/WK^

ϭϯϭ EƵŶĐĂƉŽĚƌĄŚĂďĞƌĚŽƐ;ϮͿĞƋƵŝƉŽƐĚĞůŵŝƐŵŽĐůƵďĞŶŝǀŝƐŝſŶĚĞ,ŽŶŽƌ

ϭϯϮ EƵŶĐĂƉŽĚƌĄŚĂďĞƌĚŽƐ;ϮͿĞƋƵŝƉŽƐĚĞůŵŝƐŵŽĐůƵďĞŶ WƌŝŵĞƌĂŝǀŝƐŝſŶϭϯϯ^ŝƵŶĞƋƵŝƉŽĐŽŶĚĞƌĞĐŚŽĂƉƌŽŵŽĐŝſŶŶŽƉƵĚŝĞƌĂĞũĞƌĐŝƚĂƌůŽĞƐƚĞĚĞƌĞĐŚŽƐŽůĂŵĞŶƚĞ

ƉŽĚƌĄƐĞƌĂĚƋƵŝƌŝĚŽƉŽƌĞůĞƋƵŝƉŽĐůĂƐŝĨŝĐĂĚŽĞŶĞůƐŝŐƵŝĞŶƚĞůƵŐĂƌĚĞ ůĂĐůĂƐŝĨŝĐĂĐŝſŶĨŝŶĂů

^^KDWd//ME>/'Z'/KE>WKZYh/WK^

>/'Z'/KE>:ZϮϬϮϬ ϲ

ϭϰ KDWK^//ME>K^Yh/WK^

ϭϰϭ >ŽƐ ĞƋƵŝƉŽƐ ĞƐƚĂƌĄŶ ĐŽŵƉƵĞƐƚŽƐ ƉŽƌ ĐŝŶĐŽ ;ϱͿ ƚĂďůĞƌŽƐ ĞŶ ŝǀŝƐŝſŶ ĚĞ ,ŽŶŽƌ LJ ĞŶWƌŝŵĞƌĂŝǀŝƐŝſŶLJĐƵĂƚƌŽ;ϰͿƚĂďůĞƌŽƐĞŶůĂƐĚŝǀŝƐŝŽŶĞƐƌĞƐƚĂŶƚĞƐ

ϭϰϮ ĂĚĂ ĞƋƵŝƉŽ ƉƌĞƐĞŶƚĂƌĄ ƐƵ ŽƌĚĞŶ ĚĞ ĨƵĞƌnjĂƐ ƚĞŶŝĞŶĚŽ ĞŶ ĐƵĞŶƚĂ ƋƵĞ ůŽƐ ũƵŐĂĚŽƌĞƐĚĞďĞƌĄŶ ĞƐƚĂƌ ŽƌĚĞŶĂĚŽƐ ĞŶ ŽƌĚĞŶ ĚĞƐĐĞŶĚĞŶƚĞ ĐŽŶ Ğů ŵĂLJŽƌ ĚĞ ůŽƐ ůŽƐ & Ž&/

ϭϰϯ ,ĂďƌĄƵŶŵĂƌŐĞŶĚĞŽƌĚĞŶĂĐŝſŶĚĞϱϬƉƵŶƚŽƐĚĞůŽϭϰϰ >ĂůŝŐĂƐĞũƵŐĂƌĄĐŽŶĞů>KĚĞůŵĞƐĚĞŝĐŝĞŵďƌĞĚĞϮϬϭϵϭϰϱ ůĂ ŚŽƌĂ ĚĞ ĞŶǀŝĂƌ ůŽƐ ĂƌĐŚŝǀŽƐ ƉĂƌĂƐƵĐſŵƉƵƚŽĚĞ>KŽĨŝĐŝĂůƐĞĂĐƚƵĂůŝnjĂƌĄŶůŽƐ

>K^ĐŽƌƌĞƐƉŽŶĚŝĞŶƚĞƐĂůŵĞƐĚĞĞŶǀşŽĚĞůŽƐĂƌĐŚŝǀŽƐϭϰϱ ů ĄƌďŝƚƌŽ ƉƌŝŶĐŝƉĂů ƉƵďůŝĐĂƌĄ Ğů ŽƌĚĞŶ ĚĞ ĨƵĞƌnjĂƐ ĚĞĨŝŶŝƚŝǀŽ ũƵŶƚŽ ĐŽŶ Ğů ĐĂůĞŶĚĂƌŝŽ

ŽĨŝĐŝĂůĚĞũƵĞŐŽ

ϭϱ /EKZWKZ/KE WK^dZ/KZ^

ϭϱϭ ^ĞƉŽĚƌĄŶŝŶƚƌŽĚƵĐŝƌŝŶĐŽƌƉŽƌĂĐŝŽŶĞƐĞŶƚŽĚĂƐůĂƐũŽƌŶĂĚĂƐĞdžĐĞƉƚŽĞŶůĂƐĚŽƐƷůƚŝŵĂƐƐŝĞŶĚŽ Ğů ƷůƚŝŵŽ ̺à ƉĂƌĂ ƉŽĚĞƌ ŝŶƐĐƌŝďŝƌ ŶƵĞǀŽƐ ũƵŐĂĚŽƌĞƐ Ğů ĚŽŵŝŶŐŽ ƉŽƐƚĞƌŝŽƌ ĂũƵŐĂƌůĂϭϭǐũŽƌŶĂĚĂ;ϭϱϬϯϮϬϮϬͿ

ϭϱϮ ůŶƵĞǀŽũƵŐĂĚŽƌŽĐƵƉĂƌĄĞŶĞůŽƌĚĞŶĚĞĨƵĞƌnjĂƐĞůƉƵĞƐƚŽƐŝŐƵŝĞŶƚĞĂůƷůƚŝŵŽũƵŐĂĚŽƌĐŽŶ>K ŵĂLJŽƌŽŝŐƵĂůĂůƐƵLJŽ>KŵĂLJŽƌ&/Ž& ;EŽĂƉůŝĐĂďůĞůĂŶŽƌŵĂĚĞůŽƐϱϬƉƵŶƚŽƐͿ

ϭϱϯ>ĂŝŶĐŽƌƉŽƌĂĐŝſŶĚĞůŶƵĞǀŽũƵŐĂĚŽƌĚĞďĞƌĄƐĞƌĐŽŵƵŶŝĐĂĚĂĂůĂ&ĐŽŶ^/d;ϳͿ1^ĚĞĂŶƚĞůĂĐŝſŶĂůĞŶĐƵĞŶƚƌŽ ĚĞƐƵƉƌĞǀŝƐƚĂĂůŝŶĞĂĐŝſŶ

ϭϲ >/E/KE^

ϭϲϭ >ĂĂůŝŶĞĂĐŝſŶĚĞďĞƌĄĂũƵƐƚĂƌƐĞĂůŽƌĚĞŶĚĞĨƵĞƌnjĂƐƋƵĞĐĂĚĂĞƋƵŝƉŽŚĂLJĂƉƌĞƐĞŶƚĂĚŽϭϲϮ ŶĐĂƐŽĚĞƉƌŽĚƵĐŝƌƐĞĂůŝŶĞĂĐŝſŶŝŶĚĞďŝĚĂ ůĂƐƉĂƌƚŝĚĂƐĐŽŶƚŝŶƵĂƌĄŶůĄƌďŝƚƌŽĂƉůŝĐĂƌĄ

ůĂƐƐĂŶĐŝŽŶĞƐĚĞƐĐƌŝƚĂƐĞŶĞůĂƌƚşĐƵůŽϭϵϭϲϯ dŽĚŽ ĞƋƵŝƉŽ ĚĞďĞƌĄ ƚĞŶĞƌ ůĂƉŽƐŝďŝůŝĚĂĚĚĞĞŵƉĂƚĂƌƵŶĞŶĐƵĞŶƚƌŽŶĐŽŶƐĞĐƵĞŶĐŝĂ

ĞƐ ŽďůŝŐĂƚŽƌŝŽ ĂůŝŶĞĂƌ ĂůŵĞŶŽƐ ƚƌĞƐ ũƵŐĂĚŽƌĞƐ ĞŶ ŝǀŝƐŝſŶ ĚĞ ,ŽŶŽƌ LJĞŶWƌŝŵĞƌĂŝǀŝƐŝſŶ LJ ĞŶĞůƌĞƐƚŽĚĞĚŝǀŝƐŝŽŶĞƐĚŽƐ ũƵŐĂĚŽƌĞƐEŽƐŝĞŶĚŽĂƐşĞůĞƋƵŝƉŽƉĞƌĚĞƌĄĞů ŵĂƚĐŚ ƉŽƌ ŝŶĐŽŵƉĂƌĞĐĞŶĐŝĂ Ŷ ĐƵĂůƋƵŝĞƌ ĐĂƐŽ ĚĞďĞƌĄ ĐŽŶƐƚĂƌ ĞŶ Ğů ĂĐƚĂ ĚĞůĞŶĐƵĞŶƚƌŽĂƋƵĞůůŽƐũƵŐĂĚŽƌĞƐƋƵĞĐŽŵƉĂƌĞnjĐĂŶĂůŵŝƐŵŽ

ϭϲϰ ĂĚĂ ĞƋƵŝƉŽ ĚĞďĞƌĄ ƉƌĞƐĞŶƚĂƌ Ăů ŵĞŶŽƐ Ğů ϱϬй ĚĞ ůŽƐ ũƵŐĂĚŽƌĞƐ ĚĞ ƐƵ ŽƌĚĞŶ ĚĞĨƵĞƌĂƐ;ũĞŵƉůŽhŶĞƋƵŝƉŽƋƵĞŵŝůŝƚĞĞŶůĂĐĂƚĞŐŽƌşĂĚĞĚŝǀŝƐŝſŶĚĞŚŽŶŽƌŽĚĞƉƌŝŵĞƌĂĚŝǀŝƐŝſŶĚŽŶĚĞƐĞĐŽŵƉŽŶĞŶϱƚĂďůĞƌŽƐĂůŵĞŶŽƐϯũƵŐĂĚŽƌĞƐĚĞďĞŶĨŽƌŵĂƌƉĂƌƚĞĚĞůĂĂůŝĞŶĂĐŝſŶŽĨŝĐŝĂůŽƌĚŝŶĂƌŝĂĚĞĞƐĞĞƋƵŝƉŽLJůŽƐŽƚƌŽƐĚŽƐũƵŐĂĚŽƌĞƐƉƵĞĚĞŶƐĞƌŝŶĐŽƌƉŽƌĂĐŝŽŶĞƐĚĞĞƋƵŝƉŽƐĨŝůŝĂůĞƐͿ

ϭϲϱ ŶƚĞƐĚĞĐŽŵĞŶnjĂƌĞůĞŶĐƵĞŶƚƌŽĞůĂĐƚĂĚĞďĞƌĄĞƐƚĂƌƌĞůůĞŶĂĚĂLJůĂƐĨŝĐŚĂƐĨĞĚĞƌĂƚŝǀĂƐĂůĂǀŝƐƚĂ

^^KDWd//ME>/'Z'/KE>WKZYh/WK^ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ

>/'Z'/KE>:ZϮϬϮϬ ϳ

ϭϳ >/E/KE^ ydZKZ/EZ/^

ϭϳϭ >ŽƐ ĞƋƵŝƉŽƐ ƉŽĚƌĄŶ ĂůŝŶĞĂƌ ũƵŐĂĚŽƌĞƐ ĚĞ ůŽƐ ĞƋƵŝƉŽƐ ĨŝůŝĂůĞƐ ĐŽŶ ůĂƐ ƐŝŐƵŝĞŶƚĞƐĐŽŶĚŝĐŝŽŶĞƐ

ĂͿ ^Ğ ƉŽĚƌĄŶ ĂůŝŶĞĂƌ ũƵŐĂĚŽƌĞƐ ĚĞů ĞƋƵŝƉŽ ĨŝůŝĂů ĞŶ Ğů ĞƋƵŝƉŽ ƐƵƉĞƌŝŽƌ ƐŝĞŵƉƌĞ ƋƵĞŵŝůŝƚĞŶĞŶĞƋƵŝƉŽƐĚĞĚŝǀŝƐŝŽŶĞƐ ŝŶĨĞƌŝŽƌĞƐ>ŽƐ ũƵŐĂĚŽƌĞƐĚĞůĞƋƵŝƉŽĨŝůŝĂůŶŽƉŽĚƌĄŶŽĐƵƉĂƌŵĄƐ ĚĞů ϱϬй ĚĞ ůŽƐ ƚĂďůĞƌŽƐ ĚĞůĞƋƵŝƉŽƐƵƉĞƌŝŽƌƐĞŐƷŶůĂŶŽƌŵĂϭϲϰƐƚĂŵĞĚŝĚĂ ƉŽĚƌĄ ůůĞǀĂƌƐĞĂĐĂďŽĞŶƚƌĞĞƋƵŝƉŽƐĚĞƵŶŵŝƐŵŽĐůƵďƐŝĞŵƉƌĞLJĐƵĂŶĚŽĞůĂƐĐĞŶƐŽĚĞƵŶũƵŐĂĚŽƌƐĞƉƌŽĚƵnjĐĂĚĞƵŶĞƋƵŝƉŽĂŽƚƌŽƋƵĞĚĞŶƚƌŽĚĞůĂũĞƌĂƌƋƵşĂĚĞůŽƐĞƋƵŝƉŽƐĚĞĞƐĞĐůƵďĞƐƚĠĞŶůĂĚŝǀŝƐŝſŶŝŶŵĞĚŝĂƚĂŵĞŶƚĞƐƵƉĞƌŝŽƌ

ďͿ Ŷ Ğů ƚƌĂŶƐĐƵƌƐŽ ĚĞ ůĂ ƚĞŵƉŽƌĂĚĂ ĞůĞƋƵŝƉŽĚĞĐĂƚĞŐŽƌşĂƐƵƉĞƌŝŽƌƉŽĚƌĄƌĞĐŝďŝƌƵŶŵĄdžŝŵŽĚĞdKZ;ϭϰͿŝŶĐŽƌƉŽƌĂĐŝŽŶĞƐĚƵƌĂŶƚĞůĂĐŽŵƉĞƚŝĐŝſŶ

ĐͿ EŝŶŐƷŶũƵŐĂĚŽƌƉŽĚƌĄƐĞƌĂůŝŶĞĂĚŽĞŶŵĄƐĚĞƵŶĞƋƵŝƉŽĚĞůĂĐĂƚĞŐŽƌşĂƐƵƉĞƌŝŽƌĚͿ ů ũƵŐĂĚŽƌ ƋƵĞ ĂƐĐŝĞŶĚĂ ŽĐƵƉĂƌĄ Ğů ůƵŐĂƌ ƋƵĞ ůĞ ĐŽƌƌĞƐƉŽŶĚĂ ƐĞŐƷŶ Ğů >K

ĐŽƌƌĞƐƉŽŶĚŝĞŶƚĞ ĐŽŵŽ ƐŝƐĞƚƌĂƚĂƌĂĚĞƵŶĂŶƵĞǀĂŝŶĐŽƌƉŽƌĂĐŝſŶ;EŽĞƐƉůŝĐĂďůĞ ůĂŶŽƌŵĂĚĞůŽƐϱϬƉƵŶƚŽƐͿ

ĞͿ >ĂĂůŝŶĞĂĐŝſŶĚĞũƵŐĂĚŽƌĞƐƉƌŽǀĞŶŝĞŶƚĞƐĚĞĞƋƵŝƉŽƐĨŝůŝĂůĞƐƐĞŚĂƌĄĐŽŶƐƚĂƌĞŶĞůĂĐƚĂĚĞůĞŶĐƵĞŶƚƌŽ

ĨͿ ^Ğ ƉŽĚƌĄŶ ĂůŝŶĞĂƌ ĞŶ Ğů ĞƋƵŝƉŽ ĚĞ ĚŝǀŝƐŝſŶ ƐƵƉĞƌŝŽƌ ũƵŐĂĚŽƌĞƐ ƉƌŽĐĞĚĞŶƚĞƐ ĚĞĐƵĂůƋƵŝĞƌĂĚĞůŽƐĞƋƵŝƉŽƐĨŝůŝĂůĞƐƋƵĞŵŝůŝƚĞŶĞŶůĂŵŝƐŵĂĚŝǀŝƐŝſŶŝŶĨĞƌŝŽƌƌĞƐƉĞƚĂŶĚŽĞŶ ƚŽĚŽ ĐĂƐŽ Ğů ŽƌĚĞŶ ĚĞ ũĞƌĂƌƋƵşĂ ůŽƐ ůşŵŝƚĞƐLJ ůĂƐĂĚƐĐƌŝƉĐŝŽŶĞƐĚĞ ůŽƐĂƉĂƌƚĂĚŽƐĂŶƚĞƌŝŽƌĞƐ

ŐͿ ^ŽůŽ ƉŽĚƌĄŶ ƐĞƌ ƉƌŽŵŽĐŝŽŶĂĚŽƐ dZ^ ;ϯͿ ũƵŐĂĚŽƌĞƐĂƐ ĞŶ ƚŽƚĂů ĚƵƌĂŶƚĞ ĞƐƚĞĐĂŵƉĞŽŶĂƚŽ ƐŝŶ ƋƵĞ ůĂ ƐƵŵĂ ĚĞ ŝŶĐŽƌƉŽƌĂĐŝŽŶĞƐ ĞŶƚƌĞ ĞůůŽƐ ƉƵĞĚĂ ƐƵƉĞƌĂƌ ůĂƐdKZ;ϭϰͿŝŶĐŽƌƉŽƌĂĐŝŽŶĞƐ ;ďĂƐĞϭϳϭďͿͿ

ϭϳϮ Ŷ ĐĂƐŽ ĚĞ ŝŶĐƵŵƉůŝŵŝĞŶƚŽ ĚĞ ĞƐƚŽƐ ůşŵŝƚĞƐ ůĂ ƉĂƌƚŝĚĂ ƋƵĞĞŶůĂƋƵĞƐĞĂĂůŝŶĞĂĚŽĞůũƵŐĂĚŽƌ ƉƌŽŵŽĐŝŽŶĂĚŽ ƐĞƌĄĐŽŶƐŝĚĞƌĂĚĂŐĂŶĂĚĂƉŽƌĞů ũƵŐĂĚŽƌĚĞůĞƋƵŝƉŽƌŝǀĂůLJĞůĞƋƵŝƉŽƌĞĐŝďŝƌĄůĂƐĂŶĐŝſŶƉƌĞǀŝƐƚĂƉĂƌĂ ůĂŝŶĐŽŵƉĂƌĞĐĞŶĐŝĂĚĞƵŶƚĂďůĞƌŽ

ϭϴ W>D/EdK^

ϭϴϭ EŽ ƐĞ ƉŽĚƌĄ ĂƉůĂnjĂƌ ŶŝŶŐƷŶ ĞŶĐƵĞŶƚƌŽ ĚĞ >ŝŐĂ ƐĂůǀŽ ĂƋƵĞůůŽƐ ĞŶ ůŽƐ ƋƵĞ ĞƐƚĠŶŝŵƉůŝĐĂĚŽƐ ũƵŐĂĚŽƌĞƐ ƋƵĞ ĐŽŵƉŝƚĂŶ ĞŶ ƌĞƉƌĞƐĞŶƚĂĐŝſŶ ĚĞ ůĂ & LJ ĂƵƚŽƌŝnjĂĚŽƐ ƉŽƌĠƐƚĂ Ŷ ĐƵĂůƋƵŝĞƌ ĐĂƐŽ ƐĞƌĄ ůĂ & ƋƵŝĞŶ ĚĞĐŝĚĂ Ăů ƌĞƐƉĞĐƚŽ LJĚŝĐƚĂŵŝŶĞ ůĂŶƵĞǀĂĨĞĐŚĂĞŶůĂƋƵĞƐĞũƵŐĂƌĄĞůĞŶĐƵĞŶƚƌŽ

ϭϴϮ ^ſůŽ ƉŽĚƌĄ ƐƵƐƉĞŶĚĞƌƐĞ ƵŶ ĞŶĐƵĞŶƚƌŽ ƉŽƌ ĐĂƵƐĂ ĚĞ ĨƵĞƌnjĂ ŵĂLJŽƌ ĚĞďŝĚĂŵĞŶƚĞũƵƐƚŝĨŝĐĂĚĂƐŝĞŶĚŽĠƐƚĂĞǀĂůƵĂĚĂƉŽƌůĂ:ƵŶƚĂŝƌĞĐƚŝǀĂĚĞůĂ&

ϭϴϯ >Ă & LJ ůŽƐ ĚŽƐ ;ϮͿ ĞƋƵŝƉŽƐ ŝŵƉůŝĐĂĚŽƐ ĞŶ Ğů ĂƉůĂnjĂŵŝĞŶƚŽ ĂĐŽƌĚĂƌĄŶ ƵŶĂ ŶƵĞǀĂĨĞĐŚĂĚĞũƵĞŐŽĂůŵŝƐŵŽƚŝĞŵƉŽƋƵĞƐĞĂƵƚŽƌŝnjĂĞůĂƉůĂnjĂŵŝĞŶƚŽ

ϭϴϰ ^ŝ ŶŽ ƐĞ ůůĞŐĂƐĞ Ă ƵŶ ĂĐƵĞƌĚŽ ĚĞ ĨĞĐŚĂƐƐĞƌĄ ůĂ&ůĂƋƵĞĚŝĐƚĂŵŝŶĞƵŶĂĨĞĐŚĂĚĞũƵĞŐŽƋƵĞƐĞƌĄŝŶĂŵŽǀŝďůĞLJƌĞƐƉĞƚĂĚĂƉŽƌůŽƐĞƋƵŝƉŽƐ

ϭϵ ^E/KE^

^^KDWd//ME>/'Z'/KE>WKZYh/WK^

>/'Z'/KE>:ZϮϬϮϬ ϴ

ϭϵϭ >Ă ŝŶĐŽŵƉĂƌĞĐĞŶĐŝĂ ĚĞ ƵŶ ƚĂďůĞƌŽ ƐƵƉŽŶĚƌĄ ůĂ ƉĠƌĚŝĚĂ ĚĞ ĚŽƐ ;ϮͿ ƉƵŶƚŽƐ ĞŶ ůĂĐůĂƐŝĨŝĐĂĐŝſŶ ĞŶůŽƐĐƌŝƚĞƌŝŽƐĚĞĚĞƐĞŵƉĂƚĞƉŽƌƉƵŶƚŽƐŶŽĞŶƉƵŶƚŽƐĚĞDĂƚĐŚ

ϭϵϮ >ĂƐĂůŝŶĞĂĐŝŽŶĞƐ ŝŶĚĞďŝĚĂƐƐƵƉŽŶĚƌĄŶůĂƉĠƌĚŝĚĂ ĚĞƵŶ ƉƵŶƚŽ;ϭͿĞŶĐĂĚĂƚĂďůĞƌŽŵĂůƐĞŶƚĂĚŽĞŶ ůĂĐůĂƐŝĨŝĐĂĐŝſŶ ĞŶůŽƐĐƌŝƚĞƌŝŽƐĚĞĚĞƐĞŵƉĂƚĞƉŽƌƉƵŶƚŽƐŶŽĞŶƉƵŶƚŽƐĚĞDĂƚĐŚ

ϭϵϯ ƋƵĞů ũƵŐĂĚŽƌ ƋƵĞ ĞŶƚƌĞƐ;ϯͿĞŶĐƵĞŶƚƌŽƐŶŽŚĂLJĂĨĂĐŝůŝƚĂĚŽƐƵĨŝĐŚĂĨĞĚĞƌĂƚŝǀĂƉĂƌĂĨŽƌŵĂůŝnjĂƌ Ğů ĂĐƚĂ ŶŽ ƉŽĚƌĄ ĚŝƐƉƵƚĂƌ Ğů ĞŶĐƵĞŶƚƌŽ ƋƵĞ ĐŽƌƌĞƐƉŽŶĚĂ Ă ůĂ ƐŝŐƵŝĞŶƚĞũŽƌŶĂĚĂĚĞůŝŐĂƐƚĞŚĞĐŚŽƐĞƌĞĨůĞũĂƌĄĞŶĞůĂĐƚĂ

ϮϬ >/D/E/MEhEYh/WKhZEd>KDWd//ME

ϮϬϭ ŶĐĂƐŽĚĞƌĞƚŝƌĂĚĂŽĞůŝŵŝŶĂĐŝſŶĚĞƵŶĞƋƵŝƉŽĚƵƌĂŶƚĞůĂ>ŝŐĂƐŝLJĂŚƵďŝĞƌĂĚŝƐƉƵƚĂĚŽŵĄƐĚĞ ůĂŵŝƚĂĚĚĞ ůĂƐƌŽŶĚĂƐƐĞŵĂŶƚĞŶĚƌĄŶƐƵƐƌĞƐƵůƚĂĚŽƐƉĞƌĚŝĞŶĚŽƉŽƌƐĞŝƐ;ϱͿƉƵŶƚŽƐƐŝĞƐĞŶŝǀŝƐŝſŶĚĞ,ŽŶŽƌĐŝŶĐŽ;ϱͿƉƵŶƚŽƐƐŝĞƐ ĞŶWƌŝŵĞƌĂŝǀŝƐŝſŶLJĐƵĂƚƌŽ;ϰͿ ƉƵŶƚŽƐ ĞŶ ůĂƐ ĚĞŵĄƐ ĚŝǀŝƐŝŽŶĞƐ ůŽƐ ƌĞƐƚĂŶƚĞƐ ĞŶĐƵĞŶƚƌŽƐ ƋƵĞ ƋƵĞĚĂƐĞŶ ƉŽƌĐĞůĞďƌĂƌ

ϮϬϮ ^ŝŶŽŚƵďŝĞƌĂ ũƵŐĂĚŽĂƷŶůĂŵŝƚĂĚĚĞůĂƐƌŽŶĚĂƐƐĞĂŶƵůĂƌĄŶĂďƐŽůƵƚĂŵĞŶƚĞƚŽĚŽƐƐƵƐƌĞƐƵůƚĂĚŽƐ

Ϯϭ ZEhE/^sEd^

Ϯϭϭ ^ŝ ŚƵďŝĞƐĞ ƵŶĂ ƉůĂnjĂ ĚŝƐƉŽŶŝďůĞ ĐŽŵŽ ƌĞƐƵůƚĂĚŽ ĚĞ ůĂ ƌĞŶƵŶĐŝĂ ĚĞ ƵŶ ĞƋƵŝƉŽ ĂƉĂƌƚŝĐŝƉĂƌĞŶƵŶĂĚŝǀŝƐŝſŶĞůĚĞƌĞĐŚŽƉĂƐĂƌşĂĂŽĐƵƉĂƌůŽ

ĂͿ ^ŝ ůĂƉůĂnjĂĞƐĚĞŝǀŝƐŝſŶĚĞ,ŽŶŽƌ ůĂŽĐƵƉĂƌşĂĂůƚĞƌĐĞƌĐůĂƐŝĨŝĐĂĚŽĞŶϭǐŝǀŝƐŝſŶ^ŝĞƐƚĞ ĞƋƵŝƉŽ ƚĂŵƉŽĐŽ ƋƵŝƐŝĞƐĞ ŽĐƵƉĂƌ ůĂ ƉůĂnjĂ ĞŶƚŽŶĐĞƐ Ğů ĞƋƵŝƉŽ ƋƵĞ ĐůĂƐŝĨŝĐſ ĞŶƉĞŶƷůƚŝŵŽ ůƵŐĂƌ ĞŶ ŝǀŝƐŝſŶ ĚĞ ,ŽŶŽƌ ŶŽ ĚĞƐĐĞŶĚĞƌşĂ LJ ƐĞŵĂŶƚĞŶĚƌşĂ ůŵŝƐŵŽĐƌŝƚĞƌŝŽƐĞƐĞŐƵŝƌĄƉĂƌĂůĂϭǐŝǀŝƐŝſŶ

ďͿ ^ŝ ůĂƉůĂnjĂĞƐĚĞŽƚƌĂĚŝǀŝƐŝſŶůĂŽĐƵƉĂƌşĂĞůƐĞŐƵŶĚŽĐůĂƐŝĨŝĐĂĚŽĞŶůĂ ƉƌŽŵŽĐŝſŶĚĞĂƐĐĞŶƐŽĚĞ ůĂĚŝǀŝƐŝſŶŝŶĨĞƌŝŽƌ ^ŝĞƐƚĞĞƋƵŝƉŽƌĞĐŚĂnjĂƐĞ ůĂƉůĂnjĂƉĂƐĂƌşĂĂŵĂŶŽƐĚĞůƐŝŐƵŝĞŶƚĞ ĐůĂƐŝĨŝĐĂĚŽ ĞŶ ůĂ ƉƌŽŵŽĐŝſŶ ĚĞ ĂƐĐĞŶƐŽ LJ ĂƐş ƐƵĐĞƐŝǀĂŵĞŶƚĞ ĐŽŶ ƚŽĚŽƐĂƋƵĞůůŽƐ ĞƋƵŝƉŽƐ ĚĞ ŚĂLJĂŶ ĚŝƐƉƵƚĂĚŽ ůĂ ƉƌŽŵŽĐŝſŶ ĚĞ ĂƐĐĞŶƐŽ ^ŝ ƌĞƐƵůƚĂ ƋƵĞŶŝŶŐƵŶŽĚĞĞƐƚŽƐĞƋƵŝƉŽƐĚĞƐĞĂƐĞĂƐĐĞŶĚĞƌĚĞĐĂƚĞŐŽƌşĂĞůĞƋƵŝƉŽƐĞdžƚŽĐůĂƐŝĨŝĐĂĚŽĚĞůĂŵŝƐŵĂĚŝǀŝƐŝſŶƋƵĞŵĄƐƉƵŶƚŽƐŽďƚƵǀŽŵĂŶƚĞŶĚƌşĂůĂĐĂƚĞŐŽƌşĂ

ϮϮ KDhE//ME>Z^h>dK>EhEdZK

ϮϮϭ ů ĞƋƵŝƉŽ ƋƵĞ ĂĐƚƷĞ ĐŽŵŽ ůŽĐĂů ĚĞďĞƌĄ ƌĞŵŝƚŝƌ ƵŶĂ ŝŵĂŐĞŶ ƋƵĞ ƌĞƉƌŽĚƵnjĐĂůŝƚĞƌĂůŵĞŶƚĞLJƐŝŶĞĚŝĐŝſŶĞůĂĐƚĂĚĞůĞŶĐƵĞŶƚƌŽĂŶƚĞƐĚĞϮϰŚŽƌĂƐĚĞŚĂďĞƌĨŝŶĂůŝnjĂĚŽĞůĞŶĐƵĞŶƚƌŽĂƚƌĂǀĠƐĚĞ

ĂͿ ŽƌƌĞŽĞůĞĐƚƌſŶŝĐŽĂůĂĚŝƌĞĐĐŝſŶĨĐĂΛĨĐĂũĞĚƌĞnjĞƐďͿ ƚƌĂǀĠƐĚĞŵĞŶƐĂũĞŽǁŚĂƚƐĂƉƉĂůŵſǀŝůĚĞůĄƌďŝƚƌŽƉƌŝŶĐŝƉĂů ;ϲϱϬϬϬϰϲϰϱͿĐͿ ŽƌƌĞŽĞůĞĐƚƌſŶŝĐŽƌŽƋƵĞŶŝĂũĞĚƌĞnjΛŐŵĂŝůĐŽŵ

^^KDWd//ME>/'Z'/KE>WKZYh/WK^ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ

>/'Z'/KE>:ZϮϬϮϬ ϵ

Ϯϯ ZD/^/ME>d>EhEdZK

Ϯϯϭ ůĞƋƵŝƉŽƋƵĞĂĐƚƷĞĐŽŵŽůŽĐĂůĚĞďĞƌĄŚĂĐĞƌůůĞŐĂƌĞůĂĐƚĂŽƌŝŐŝŶĂůĚĞůĞŶĐƵĞŶƚƌŽũƵŶƚŽĐŽŶ ůĂƐ ƉůĂŶŝůůĂƐ ŽƌŝŐŝŶĂůĞƐ Ă ůĂ ƐĞĐƌĞƚĂƌşĂ ĚĞ ůĂ & ĂŶƚĞƐ ĚĞ ůĂƐ ϮϭϬϬ ŚŽƌĂƐ ĚĞů:hs^ ƉŽƐƚĞƌŝŽƌĂůĂĨĞĐŚĂĚĞůĞŶĐƵĞŶƚƌŽ

Ϯϰ >DEdK^:h'K

Ϯϰϭ ůĞƋƵŝƉŽƋƵĞĂĐƚƷĞĐŽŵŽůŽĐĂůĐĞĚĞƌĄƐƵƐ ŝŶƐƚĂůĂĐŝŽŶĞƐLJŵĞĚŝŽƐ;ƐĂůĂŵĞƐĂƐƐŝůůĂƐƚĂďůĞƌŽƐƉŝĞnjĂƐƌĞůŽũĞƐĞƚĐͿ ƉĂƌĂůĂĚŝƐƉƵƚĂĚĞůĞŶĐƵĞŶƚƌŽ

ϮϰϮ >Ă & ƉƌŽƉŽƌĐŝŽŶĂƌĄ ŐƌĂƚƵŝƚĂŵĞŶƚĞ Ă ůŽƐ ĐůƵďĞƐ ƋƵĞ ůŽ ĚĞƐĞĞŶ ƚĂŶƚŽ ĂĐƚĂƐ ĐŽŵŽƉůĂŶŝůůĂƐůĂƐĐƵĂůĞƐƐĞƌĞĐŽŐĞƌĄŶĞŶ ĞĐƌĞƚĂƌşĂĞŶŚŽƌĂƌŝŽĚĞŽĨŝĐŝŶĂĚĞůĂ&

Ϯϱ s>h/ME>K

Ϯϱϭ Ŷ ŝǀŝƐŝſŶ ĚĞ ,ŽŶŽƌ WƌŝŵĞƌĂ ŝǀŝƐŝſŶ LJ ^ĞŐƵŶĚĂ ŝǀŝƐŝſŶ ůŽƐ ƚŽƌŶĞŽƐ ƐĞ ĞǀĂůƵĂƌĄŶƉĂƌĂ>K&/LJ&ŶdĞƌĐĞƌĂŝǀŝƐŝſŶƷŶŝĐĂŵĞŶƚĞƉĂƌĂ>K&

Ϯϲ /E^Z/W/KE^

Ϯϲϭ >Ă >ŝŐĂ ZĞŐŝŽŶĂů ĚĞ ũĞĚƌĞnj ĞƐƚĄ ƌĞƐĞƌǀĂĚĂ Ă ĞƋƵŝƉŽƐ LJ Ă ũƵŐĂĚŽƌĞƐ LJ ũƵŐĂĚŽƌĂƐĨĞĚĞƌĂĚŽƐĂƐƉŽƌůĂ&ĞĚĞƌĂĐŝſŶĄŶƚĂďƌĂĚĞũĞĚƌĞnjLJĐŽŶůŝĐĞŶĐŝĂĞŶǀŝŐŽƌ

ϮϲϮ >ĂĨĞĐŚĂůşŵŝƚĞĚĞŝŶƐĐƌŝƉĐŝſŶƐĞƌĄĞů ϮϰͲϭϮͲϮϬϭϵ ĂůĂƐϭϮϬϬŚϮϲϯ >ĂƐ ŝŶƐĐƌŝƉĐŝŽŶĞƐƐĞƌĞĂůŝnjĂƌĄŶy>h^/sDEd ƌĞůůĞŶĂŶĚŽĞůĨŽƌŵƵůĂƌŝŽŚĂďŝůŝƚĂĚŽ

ĞŶĞůĂƉĂƌƚĂĚŽĐŽƌƌĞƐƉŽŶĚŝĞŶƚĞĂůĂ>ŝŐĂZĞŐŝŽŶĂůĞŶůĂƉĄŐŝŶĂǁĞďĚĞůĂ&ĞĚĞƌĂĐŝſŶ

ϮϲϰƐŶĞĐĞƐĂƌŝŽĐƵŵƉůŝŵĞŶƚĂƌ dKK^ ůŽƐĐĂŵƉŽƐĚĞůĨŽƌŵƵůĂƌŝŽĞdžƉƌĞƐĂŵĞŶƚĞŝŶĚŝĐĂĚŽƐĐŽŵŽŽďůŝŐĂƚŽƌŝŽƐƉĂƌĂůĂs>/ ĚĞůĂŝŶƐĐƌŝƉĐŝſŶ

Ϯϳ WZKd/MEdK WZ^KE>^

Ϯϳϭ >ŽƐůĂƐƉĂƌƚŝĐŝƉĂŶƚĞƐĞŶůŽƐƚŽƌŶĞŽƐĂƵƚŽƌŝnjĂŶůĂƉƵďůŝĐĂĐŝſŶĚĞƐƵƐĚĂƚŽƐƉĞƌƐŽŶĂůĞƐĞŝŵĄŐĞŶĞƐ ĞŶ ůŽƐ ĚŝĨĞƌĞŶƚĞƐŵĞĚŝŽƐ ĚĞ ĐŽŵƵŶŝĐĂĐŝſŶ ƋƵĞ ůĂ ŽƌŐĂŶŝnjĂĐŝſŶĐŽŶƐŝĚĞƌĞŽƉŽƌƚƵŶŽƐ ƉĂƌĂ ůĂ ŶĞĐĞƐĂƌŝĂ ĚŝĨƵƐŝſŶ ĚĞů ĞǀĞŶƚŽ ;ůŝƐƚĂĚŽƐ ĚĞ ƌĞƐƵůƚĂĚŽƐĐůĂƐŝĨŝĐĂĐŝŽŶĞƐƉĂƌƚŝĐŝƉĂŶƚĞƐƉĂƌƚŝĚĂƐĞŶƚƌĞŐĂĚĞƚƌŽĨĞŽƐĞƚĐͿ

ϮϳϮ Ŷ ĐƵŵƉůŝŵŝĞŶƚŽ ĚĞ ůĂ >ĞLJ KƌŐĄŶŝĐĂ ϯϮϬϭϴ ĚĞ ϱ ĚĞ ĚŝĐŝĞŵďƌĞ ĚĞ WƌŽƚĞĐĐŝſŶ ĚĞĂƚŽƐWĞƌƐŽŶĂůĞƐLJŐĂƌĂŶƚşĂĚĞ ůŽƐĚĞƌĞĐŚŽƐĚŝŐŝƚĂůĞƐLJĚĞůZ'WůĂŽƌŐĂŶŝnjĂĐŝſŶĚĞůƚŽƌŶĞŽ ŝŶĨŽƌŵĂ ƋƵĞ ůŽƐĚĂƚŽƐƉĞƌƐŽŶĂůĞƐĨĂĐŝůŝƚĂĚŽƐƉŽƌƵƐƚĞĚĞŶĞůŵŽŵĞŶƚŽĚĞ ůĂŝŶƐĐƌŝƉĐŝſŶ ĞŶ ĞƐƚĂ ĂĐƚŝǀŝĚĂĚ ƐĞƌĄŶ ŝŶĐŽƌƉŽƌĂĚŽƐ Ă ƵŶ ĨŝĐŚĞƌŽ ƋƵĞ ůĂ &ĞĚĞƌĂĐŝſŶĄŶƚĂďƌĂĚĞũĞĚƌĞnj;/&YϴϵϱϱϬϯϴ,ͿĐŽŵŽdŝƚƵůĂƌLJZĞƐƉŽŶƐĂďůĞĚĞůŵŝƐŵŽƚŝĞŶĞŝŶƐĐƌŝƚŽ ĞŶ ůĂ ŐĞŶĐŝĂ ƐƉĂŹŽůĂ ĚĞ WƌŽƚĞĐĐŝſŶ ĚĞ ĂƚŽƐ ƐŝĞŶĚŽ ƐƵ ĨŝŶĂůŝĚĂĚ LJ ƵƐŽƉƌĞǀŝƐƚŽ ůĂ ƉƌĞƐƚĂĐŝſŶĚĞƚŽĚŽƐ ůŽƐƐĞƌǀŝĐŝŽƐƌĞůĂĐŝŽŶĂĚŽƐĐŽŶůĂĂĐƚŝǀŝĚĂĚĚĞƉŽƌƚŝǀĂĞŶůĂƋƵĞƐĞŝŶƐĐƌŝďĞůĂŐĞƐƚŝſŶĚĞůŽƐƚŽƌŶĞŽƐLJƉƵďůŝĐĂĐŝſŶĚĞŝŶĨŽƌŵĞƐLJƌĞƐƵůƚĂĚŽƐĞŶƉĄŐŝŶĂƐǁĞď>ĂƉĂƌƚŝĐŝƉĂĐŝſŶŝŵƉůŝĐĂĞůĐŽŶƐĞŶƚŝŵŝĞŶƚŽĚĞůŽƐůĂƐũƵŐĂĚŽƌĞƐĂƐLJ ĞŶ ƐƵ ĐĂƐŽ ĚĞ ƐƵƐ ƉƌŽŐĞŶŝƚŽƌĞƐ Ž ƚƵƚŽƌĞƐĂƐ Ăů ƚƌĂƚĂŵŝĞŶƚŽ ĚĞ ůŽƐ ĚĂƚŽƐ ĚĞ ƐƵƐŚŝũŽƐĂƐŽ ŝŶĐĂƉĂĐĞƐ>Ă&ĞĚĞƌĂĐŝſŶĄŶƚĂďƌĂĚĞũĞĚƌĞnjŐĂƌĂŶƚŝnjĂůĂĂĚŽƉĐŝſŶĚĞůĂƐ

^^KDWd//ME>/'Z'/KE>WKZYh/WK^

>/'Z'/KE>:ZϮϬϮϬ ϭϬ

ŵĞĚŝĚĂƐ ŶĞĐĞƐĂƌŝĂƐ ƉĂƌĂ ĂƐĞŐƵƌĂƌ Ğů ƚƌĂƚĂŵŝĞŶƚŽ ĐŽŶĨŝĚĞŶĐŝĂů ŝŶƚĞŐƌŝĚĂĚ LJƐĂůǀĂŐƵĂƌĚĂ ĚĞ ĚŝĐŚŽƐ ĚĂƚŽƐ >ŽƐůĂƐ ŝŶƚĞƌĞƐĂĚŽƐĂƐƉŽĚƌĄŶĞũĞƌĐĞƌƐƵƐĚĞƌĞĐŚŽƐĚĞĂĐĐĞƐŽ ƌĞĐƚŝĨŝĐĂĐŝſŶ ƐƵƉƌĞƐŝſŶ ůŝŵŝƚĂĐŝſŶĚĞůƚƌĂƚĂŵŝĞŶƚŽƉŽƌƚĂďŝůŝĚĂĚƵŽƉŽƐŝĐŝſŶĚŝƌŝŐŝĞŶĚŽ ƵŶ ĞƐĐƌŝƚŽ Ă ůĂƐŝŐƵŝĞŶƚĞĚŝƌĞĐĐŝſŶĂƐĂĚĞů ĞƉŽƌƚĞŽĨŝĐŝŶĂϳǀĚĂĚĞůĞƉŽƌƚĞƐŶϯϵϬϭϭͲ ^ĂŶƚĂŶĚĞƌ;ĂŶƚĂďƌŝĂͿ

Ϯϴ KE^/Z/KE &/E>^

Ϯϴϭ ůƚŽƌŶĞŽƐĞƌĞŐŝƌĄƉŽƌůĂƐůĞLJĞƐĚĞůĂ&/ĚĞůϭĚĞĞŶĞƌŽĚĞϮϬϭϴLJƉŽƌĞůZĞŐůĂŵĞŶƚŽ'ĞŶĞƌĂůĚĞŽŵƉĞƚŝĐŝŽŶĞƐĚĞůĂ&ĐŽŶƐŝĚĞƌĂŶĚŽůŽĞdžƉƵĞƐƚŽĐŽŶĂŶƚĞƌŝŽƌŝĚĂĚ

ϮϴϮ ů ƐŽƌƚĞŽ ƐĞ ƌĞĂůŝnjĂƌĄ ƉŽƌ ƉƌŽŐƌĂŵĂ ŝŶĨŽƌŵĄƚŝĐŽ ƐǁŝƐƐͲŵĂŶĂŐĞƌ ĂƚĞŶĚŝĞŶĚŽ ůĂƐƉĞƚŝĐŝŽŶĞƐĚĞůŽƐĐůƵďĞƐƋƵĞƐĞĂŶƌĂnjŽŶĂďůĞƐLJĐŽŵƉĂƚŝďůĞƐ

Ϯϴϯ >ŽƐ ƉĂƌƚŝĐŝƉĂŶƚĞƐ ĞŶ ůŽƐ ƚŽƌŶĞŽƐ ĂƵƚŽƌŝnjĂŶ ůĂ ƉƵďůŝĐĂĐŝſŶ ĚĞ ƐƵƐ ĚĂƚŽƐ ƉĞƌƐŽŶĂůĞƐ ĞŝŵĄŐĞŶĞƐ ĞŶ ůŽƐ ĚŝĨĞƌĞŶƚĞƐŵĞĚŝŽƐ ĚĞ ĐŽŵƵŶŝĐĂĐŝſŶ ƋƵĞ ůĂŽƌŐĂŶŝnjĂĐŝſŶĐŽŶƐŝĚĞƌĞŽƉŽƌƚƵŶŽƐ ƉĂƌĂ ůĂ ŶĞĐĞƐĂƌŝĂ ĚŝĨƵƐŝſŶ ĚĞů ĞǀĞŶƚŽ ;ůŝƐƚĂĚŽƐ ĚĞ ƌĞƐƵůƚĂĚŽƐĐůĂƐŝĨŝĐĂĐŝŽŶĞƐƉĂƌƚŝĐŝƉĂŶƚĞƐƉĂƌƚŝĚĂƐĞŶƚƌĞŐĂĚĞƚƌŽĨĞŽƐĞƚĐͿ

Ϯϴϰ >ĂƉĂƌƚŝĐŝƉĂĐŝſŶĞŶĞůƚŽƌŶĞŽŝŵƉůŝĐĂůĂƚŽƚĂůĂĐĞƉƚĂĐŝſŶĚĞůĂƐƉƌĞƐĞŶƚĞƐďĂƐĞƐ

^ĂŶƚĂŶĚĞƌϯϬĚĞŶŽǀŝĞŵďƌĞĚĞϮϬϭϵ