ĚĞůŝĞŶƚƐ WăŐŝŶĂϭͬϮ dǁŝƚƚĞƌ͘ĐŽŵͬD^>^^^^KZ^ ǁǁǁ͘ĂŵƐĞů͘ĞƐ dĞůğĨŽŶϵϯ͘ϳϱϱ͘ϰϳ͘ϮϬ͕&Ădžϵϯ͘ϳϵϲ͘ϰϰ͘ϲϰ ͬ^ĂŶƚĂDĂƌƚĂ͕ϳ͕ϭǑϬϴϯϬϮDĂƚĂƌſ;ĂƌĐĞůŽŶĂͿ ŵƐĞůƐƐĞƐƐŽƌƐ͕^͘>͘ ^ĞŐŵĞŶƚĂĐŝſ >ĂƐĞŐŵĞŶƚĂĐŝſ ĠƐ ĞůƉƌŽĐĠƐ ĚĞĚŝǀŝĚŝƌ ůĂ ŵĂƐƐĂ ĚĞ ĐůŝĞŶƚƐ ĞŶ ĚŝĨĞƌĞŶƚƐ ŐƌƵƉƐ Ăŵďů͛ŽďũĞĐƚŝƵĚĞĚŽŶĂƌƵŶƚƌĂĐƚĂŵĞŶƚ ĚŝĨĞƌĞŶĐŝĂƚĂůƐŐƌƵƉƐƌĞƐƵůƚĂŶƚƐ͘ hŶ ĞůĞŵĞŶƚ ĚĞƚĞƌŵŝŶĂŶƚ ĞŶ ůĂ ƐĞŐŵĞŶƚĂĐŝſĠƐůĂǀĂƌŝĂďůĞ;ůĂďĂƐĞͿĚĞ ƐĞŐŵĞŶƚĂĐŝſ Ă ƵƚŝůŝƚnjĂƌ͘ ĐŽƉƐ Ɛ͛ƵƚŝůŝƚnjĞŶǀĂƌŝĂďůĞƐĚĞĐŽŵƉŽƌƚĂŵĞŶƚ ĚĞůĐŽŶƐƵŵŝĚŽƌ;ƉĞƌĞdžĞŵƉůĞ͕ǀŽůƵŵŽ ǀĂůŽƌĚĞůĂĐŽŵƉƌĂĚĞůĐŽŶƐƵŵŝĚŽƌͿ͖ĞŶ ĂůƚƌĞƐ ŽĐĂƐŝŽŶƐ Ɛ͛ƵƚŝůŝƚnjĞŶ ǀĂƌŝĂďůĞƐ ŐĞŽŐƌăĨŝƋƵĞƐŽĚĞŵŽŐƌăĨŝƋƵĞƐ͘ Ŷ ĂƋƵĞƐƚĂ ŽĐĂƐŝſ ĞŶƐ ĐĞŶƚƌĂƌĞŵ ĞŶ ǀĂƌŝĂďůĞƐĚĞǀŽůƵŵĚĞǀĞŶĚĂ͕ĠƐĂĚŝƌ͕ ůĂ džŝĨƌĂ ĚĞ ǀĞŶĚĂ Ă ĐůŝĞŶƚƐ ĨŽŶĂŵĞŶƚĂůŵĞŶƚ͘ ĚĞĐůŝĞŶƚƐ WĞƌƉŽĚĞƌƐĞŐŵĞŶƚĂƌĐůŝĞŶƚƐĞŶďĂƐĞĂů ƐĞƵ ǀŽůƵŵ ĚĞ ĐŽŵƉƌĂ͕ ůĂ ƚĂƵůĂ ŽĨĞƌĞŝdž ƵŶ ƐŝƐƚĞŵĂ ĚĞ ĐůĂƐƐŝĨŝĐĂĐŝſ ŝ ƉƌŝŽƌŝƚnjĂĐŝſ ĚĞůƐ ĐůŝĞŶƚƐ ĞŶ ƚĞƌŵĞƐ ĚĞů ƐĞƵ͚ǀĂůŽƌ͛ƉĞƌĂů͛ŽƌŐĂŶŝƚnjĂĐŝſ͘ ^͛ĂĐĐĞƉƚĂ ĞŶ ƚĞƌŵĞƐ ŐĞŶĞƌĂůƐ ƋƵĞ ƵŶ ƉĞƌĐĞŶƚĂƚŐĞ ƌĞůĂƚŝǀĂŵĞŶƚ ƉĞƚŝƚ ĚĞ ĐůŝĞŶƚƐ ŝŶĞƐĚĞ'ĞƐƚŝſ;ϭϯͿ ůŝĞŶƚƐ ƉƌŽƉŽƌĐŝŽŶĂ ƵŶ ǀŽůƵŵ ŝŵƉŽƌƚĂŶƚ ĚĞ ůĞƐ ǀĞŶĚĞƐ͖ ĂƋƵĞƐƚ ĨĞŶŽŵĞŶĞƐĐŽŶĞŐƵƚĐŽŵĂWƌŝŶĐŝƉŝĚĞ WĂƌĞƚŽŽƌĞŐůĂĚĞůϴϬ͗ϮϬ͘ ^͛ƵƚŝůŝƚnjĂ Ă ĞĨĞĐƚĞƐ ĚĞ ĐůĂƐƐŝĨŝĐĂƌ ĞůƐ ĐůŝĞŶƚƐ ŝ ƉĞƌŵĞƚƌĞ Ă ů͛ŽƌŐĂŶŝƚnjĂĐŝſ ĐŽŶĐĞŶƚƌĂƌ ĞƐĨŽƌĕŽƐ ĞŶ ĂƋƵĞůůƐ ŵĠƐ ƐŝŐŶŝĨŝĐĂƚŝƵƐ͗ WĞƌ ĞdžĞŵƉůĞ ͕ ƵŶĂ ĐŽŵƉĂŶLJŝĂ ƉŽĚƌŝĂ ƵƚŝůŝƚnjĂƌĞůƐŝƐƚĞŵĂƐĞŐƺĞŶƚ͗ ϭͬůĂƐƐĞ͗ĐůŝĞŶƚƐƋƵĞƌĞƉƌĞƐĞŶƚĞŶĞů ϮϬй ƐŽďƌĞ Ğů ƚŽƚĂů ĚĞůƐ ĐůŝĞŶƚƐ ŝ ƋƵĞ ĂƉŽƌƚĞŶĞůϴϬйĚĞůĞƐǀĞŶĚĞƐ ϮͬůĂƐƐĞ͗ůŝĞŶƚƐƋƵĞƌĞƉƌĞƐĞŶƚĞŶĞů ƐĞŐƺĞŶƚϯϬйĚĞůƐĐůŝĞŶƚƐŝƋƵĞĂƉŽƌƚĞŶ ƵŶϭϬйĚĞůƚŽƚĂůĚĞǀĞŶĚĞƐ ϯͬůĂƐƐĞ͗ůŝĞŶƚƐƋƵĞƌĞƉƌĞƐĞŶƚĞŶĞů ϱϬйĚĞůƐĐůŝĞŶƚƐƉĞƌžƋƵĞĂƉŽƌƚĞŶƚĂŶ ƐŽůƐĞůϭϬйƌĞƐƚĂŶƚĚĞůĞƐǀĞŶĚĞƐ͘ EŽƚĂ͗ ĐĂĚĂ ĞŵƉƌĞƐĂ ŚĂ Ě͛ĂũƵƐƚĂƌ Ă ůĂ ƐĞǀĂ ĐŝƌĐƵŵƐƚăŶĐŝĂ ĂƋƵĞƐƚƐ ǀĂůŽƌƐ͖ Ɛ͛ĂĐŽŶƐĞůůĂ ƋƵĞ ůĂ ĐůĂƐƐĞ ƐƵƉŽƐŝ Ğů ϮϬйĚĞůƚŽƚĂůĚĞĐůŝĞŶƚƐĚĞŝdžĂŶƚĞůϴϬй ƌĞƐƚĂŶƚƉĞƌĂůĞƐĐůĂƐƐĞƐŝ͘ EŽŵůŝĞŶƚ sĞŶĚĂ sĞŶĚĞƐ ĐƵŵƵůĂĚĞƐ ůŝĞŶƚƐ ůŝĞŶƚƐ hŶĐŽƉĞůĂďŽƌĂĚĂĂƋƵĞƐƚĂƚĂƵůĂƉƌğǀŝĂ ƉŽĚƌĞŵĞƐƚĂďůŝƌůĂƚĂƵůĂ͗ EǑůŝĞŶƚ WĞƌ ƉŽĚĞƌ ƉƌĞƉĂƌĂƌ ĂƋƵĞƐƚĂ ĐůĂƐƐŝĨŝĐĂĐŝſ ƉƌğǀŝĂŵĞŶƚ ĐĂů ĐůĂƐƐŝĨŝĐĂƌ ĞůƐ ĐůŝĞŶƚƐ ƉĞƌ ŽƌĚƌĞ ĚĞĐƌĞŝdžĞŶƚ ĚĞ ǀĞŶĚĞƐ ŝ ĐĂůĐƵůĂŶƚ ĞůƐ ŝŵƉŽƌƚƐ ŝŶĚŝǀŝĚƵĂůƐ ŝ ĂĐƵŵƵůĂƚƐ ĚĞ ǀĞŶĚĞƐ ĞŶ ƚĞƌŵĞƐĂďƐŽůƵƚƐŝĞŶƉĞƌĐĞŶƚĂƚŐĞĚĞůĂ ƐĞŐƺĞŶƚŵĂŶĞƌĂ͗ й^ŽďƌĞ dŽƚĂů ůŝĞŶƚƐ ůŝĞŶƚƐ й^ŽďƌĞ dŽƚĂů sĞŶĚĞƐ ůŝĞŶƚƐ ůŝĞŶƚƐ WăŐŝŶĂϮͬϮ dǁŝƚƚĞƌ͘ĐŽŵͬD^>^^^^KZ^ ǁǁǁ͘ĂŵƐĞů͘ĞƐ dĞůğĨŽŶϵϯ͘ϳϱϱ͘ϰϳ͘ϮϬ͕&Ădžϵϯ͘ϳϵϲ͘ϰϰ͘ϲϰ ͬ^ĂŶƚĂDĂƌƚĂ͕ϳ͕ϭǑϬϴϯϬϮDĂƚĂƌſ;ĂƌĐĞůŽŶĂͿ ŵƐĞůƐƐĞƐƐŽƌƐ͕^͘>͘ DĂƚƌŝƵ hŶĚĞƐĞŶǀŽůƵƉĂŵĞŶƚ ŵĠƐĂĨŝŶĂƚĚĞůĂ ƚĂƵůĂ ĚĞ ĐůŝĞŶƚƐ ĐŽŶƐŝƐƚĞŝdž ĞŶ ĐŽŶƐƚƌƵŝƌƵŶĂŵĂƚƌŝƵĚĞĐůŝĞŶƚƐĞŶ ůĂƋƵĞĞŶůůŽĐĚĞĐŽŶƐŝĚĞƌĂƌŶŽŵĠƐƵŶĂ ǀĂƌŝĂďůĞ ĞŶ ĐŽŶƐŝĚĞƌĠƐƐŝŵ ĚƵĞƐ͖ ƉĞƌ ĞdžĞŵƉůĞ͗ DĂƚƌŝƵsĞŶĚĞƐŝƌĞŝdžĞŵĞŶƚĚĞǀĞŶĚĞƐ ;ĐŽŵĞůŶŽƐƚƌĞĞdžĞŵƉůĞ͕ƐƵƉŽƐĞŵƋƵĞ ĚŝǀŝĚŝŵ ĞůƐ ĐůŝĞŶƚƐ ĞŶ ϭ͗ ůŝĞŶƚƐ Ăŵď ĐƌĞŝdžĞŵĞŶƚ ƐƵƉĞƌŝŽƌ Ăů ϭϬй͖ Ϯ͗ ĐůŝĞŶƚƐ ĂŵďĐƌĞŝdžĞŵĞŶƚĞŶƚƌĞĞůϱŝĞůϭϬйŝ͗ ůŝĞŶƚƐ Ăŵď ĐƌĞŝdžĞŵĞŶƚƐ ŝŶĨĞƌŝŽƌƐ Ăů ϱйͿ ƉƌŝŽƌŝƚĂƚĞƐƚƌĂƚğŐŝĐĂ͘ ĚĞů ŵĠƐ Ăůƚ ǀŽůƵŵ ĚĞ ĐŽŵƉƌĂ ŝ Ăŵď ĞŶĐĂƌĂ Ğů ƐƵďŐƌƵƉ ĐůŝĞŶƚƐ ͕ ĐůŝĞŶƚƐ ŶůĂƋƵĞĚŝŶƐĚĞůƐĐůŝĞŶƚƐ͕ĚŝƐƚŝŶŐŝŵ ůŝĞŶƚƐ ůŝĞŶƚƐ ĨŽƌĂ͗ hŶĂ ĨŽƌŵĂ ĂŵƉůŝĂĚĂ Ě͛ĂƋƵĞƐƚĂ ƚĂƵůĂ ĚĞůŝĞŶƚƐ ŝŶĞƐĚĞ'ĞƐƚŝſ;ϭϯͿ ůŝĞŶƚƐ /ŶĂĐƚŝƵƐ ůŝĞŶƚƐ WŽƚĞŶĐŝĂůƐ ůŝĞŶƚƐ WĞƌĚƵƚƐ ϯ Ăŝdž ϯ Ϯ ϭ ůŝĞŶƚƐ ůŝĞŶƚƐ ϭ Ϯ ϯ sĞŶĚĞƐͬZĞŶĚŝďŝůŝƚĂƚ ůƚĂ DŝƚũĂ ĂŝdžĂ ϯ Ϯ ϭ ůŝĞŶƚƐ hŶĂŽƉĐŝſƋƵĞĂƉŽƌƚĂŝŶĨŽƌŵĂĐŝſŵŽůƚ ƌĞůůĞǀĂŶƚ ĠƐ ůĂ ŵĂƚƌŝƵ sĞŶĚĞƐ ŝ ZĞŶĚŝďŝůŝƚĂƚ; ĞŶ ĨƵŶĐŝſ ĚĞů ŵĂƌŐĞ ƉĞƌ ĐůŝĞŶƚͿ͘ Ϯ ϭ ůŝĞŶƚƐ DŝŐ ůƚ ŝdžşƚŝŶĚƌşĞŵ͗ sĞŶĚĞƐͬƌĞŝdžĞŵĞŶƚ ϯ Ϯ ϭ ůŝĞŶƚƐ ϯ Ϯ ϭ ůŝĞŶƚƐ EŽƚĂ͗^ŝĚĞƐŝƚŐĞƵƐƵƉŽƌƚĞŶůΖĂƉůŝĐĂĐŝſĚΖĂƋƵĞƐƚĂĞŝŶĂĂůĂǀŽƐƚƌĂĞŵƉƌĞƐĂ͕ĐŽŶƚĂĐƚĞƵĂŵďD^>