2018 Annual Report Surf Life Saving SA

A THANKYOU TO OUR SPONSORS

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14,950 SURF Community SPORTS Program Participants EVENTS 1391FIRST AID 34 TREATMENTS 56 LOST 98 3,251 CHILDREN SHARK People Trained ALARMS in First Aid 11,355 )(- (-,

  

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T 2017parliamentary2017 Annual Annual Report Report| andSurf| Surf Life executive Life Saving Saving SA SA PagePage7 9 2018 Annual Report | Surf Life Saving SA Page 5 Lifesaver Rescue Helicopter Crew. Craig has been an active member branches of government as well as John also chairs several sub on the State Board of Directors a 10-year stint as an elected Council committees within SLSSA and since 2009 and is currently Member. serves as the Surf Life Saving Managing Partner of Caldicott Currently, Patrick is a senior public Australia Deputy National Lawyers, having been involved in servant in the Department of President. law for over 35 years. Planning, Transport and He is a Life Member of Brighton He is also a Director of South Infrastructure in the area of SLSC and SLSSA. Australia’s largest landscaping planning reform and governance. company LCS Landscapes He holds a Bachelor of Laws and has 25 years’ experience serving on He is also a director of South various not-for-profit boards and Australia's largest landscaping committees. company.

2017 Annual Report | Surf Life Saving SA Page 7

2017 Annual Report | Surf Life Saving SA Page 7 OUROUR BOARD BOARD OUR BOARD

Heather Thompson ,ĞĂƚŚĞƌŝƐĂ>ŝĨĞDĞŵďĞƌŽĨ'ƌĂŶŐĞ^>^ĂŶĚ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^͕^>^͘,ĞĂƚŚĞƌŝƐƚŚĞ'ĞŶĞƌĂů DĂŶĂŐĞƌŽĨ&ŝŶĂŶĐĞĂŶĚŽƌƉŽƌĂƚĞ^ĞƌǀŝĐĞƐĨŽƌƚŚĞDĂdžŝŵĂ'ƌŽƵƉ/ŶĐ͘^ŚĞƚƌƵůLJĞŶũŽLJƐǁŽƌŬŝŶŐĂƚ DĂdžŝŵĂĂƐŝƚŚĂƐƐŝŵŝůĂƌǀĂůƵĞƐĂƐ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐŝŶĞĚƵĐĂƟŽŶĂŶĚŚĞůƉŝŶŐƉĞŽƉůĞ͘ ,ĞĂƚŚĞƌŚĂƐďĞĞŶĂƌĞĐŝƉŝĞŶƚŽĨƚŚĞƵƐƚƌĂůŝĂŶsŽůƵŶƚĞĞƌŽĨƚŚĞzĞĂƌŝŶϭϵϵϱĂŶĚƚŚĞƵƐƚƌĂůŝĂŶ KĸĐŝĂůŽĨƚŚĞzĞĂƌŝŶϮϬϬϳ͘,ĞĂƚŚĞƌŝƐĂƚƌĂŝŶĞƌ͕ĂƐƐĞƐƐŽƌĂŶĚŽĸĐŝĂů͘^ŚĞŝƐƚŚĞĞĂĐŚZĞĨĞƌĞĞĂƚƚŚĞ ƵƐƚƌĂůŝĂŶĂŶĚtŽƌůĚŚĂŵƉŝŽŶƐŚŝƉƐ͘ ,ĞƌůŽǀĞŝƐǁŽƌŬŝŶŐǁŝƚŚLJŽƵŶŐƉĞŽƉůĞĂŶĚŚĂƐŽǀĞƌƚŚĞLJĞĂƌƐĨĂĐŝůŝƚĂƚĞĚŵĂŶLJƐƚĂƚĞĚĞǀĞůŽƉŵĞŶƚ ĐĂŵƉƐĂŶĚƚƌŝƉƐŝŶƚĞƌƐƚĂƚĞĨŽƌƚŚĞŵ͘^ŚĞŚĂƐďĞĞŶĂŵĞŵďĞƌŽĨƚŚĞƵƐƚƌĂůŝĂŶ,ŝŐŚWĞƌĨŽƌŵĂŶĐĞ dĞĂŵĂŶĚŚĂƐƚĂŬĞŶĂĚĞǀĞůŽƉŵĞŶƚƚĞĂŵŽĨĂƚŚůĞƚĞƐƚŽEĞǁĞĂůĂŶĚ͘^ŚĞǁĂƐĂŵĞŵďĞƌŽĨƚŚĞ Kirsty Coll Craig Burton Jim Plouffe Kirsty Coll Heather Thompson EĂƟŽŶĂůzŽƵƚŚĞǀĞůŽƉŵĞŶƚWĂŶĞůĨŽƌŵĂŶLJLJĞĂƌƐĂŶĚǁĂƐĂŵĞŵďĞƌŽĨƚŚĞŐƌŽƵƉƚŚĂƚĚĞƐŝŐŶĞĚƚŚĞKevin Watkins Sarah Cutbush Kevin Watkins Sarah Cutbush ŽƌŝŐŝŶĂůŐĞ'ƌŽƵƉ>ĞĂĚĞƌƐĐŽƵƌƐĞƐ͘ Kirsty is the Risk & Insurance CraigKevin Burton has beenis the a Manager, member of City the JimSarah joined is Surfa broadly Life S avingexperienced, in the Kirsty is the Risk & Insurance Kevin has been a member of the Sarah is a broadly experienced, HeatherManager is a forLife ASC Member Pty Ltd of– Grange GrowthBrighton within Club the since Economic 1967 and is early 2000s as a boat rower at Bulli Manager for ASC Pty Ltd – Brighton Club since 1967 and is OUR BOARD SLSC and Surf Life Saving SA. MBA-qualified executive manager MBA-qualified executive manager Australia’s largest specialised Developmentcurrently a Lifeand Member.Tourism team He has at in NSW.and strategic On moving senior to Southmarketer with Australia’s largest specialised currently a Life Member. He has and strategic senior marketer with defence shipbuilding and theheld City positions of Adelaide of Viceworking President with and Australia he joined Henley and has defence shipbuilding and held positions of Vice President and Heather is the General ManagerCraig of Burton more than 30 years’ experience in a more than 30 years’ experience in a submarine ƌĂŝŐƵƌƚŽŶŝƐƚŚĞDĂŶĂŐĞƌ͕ŝƚLJ'ƌŽǁƚŚǁŝƚŚŝŶƚŚĞĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĂŶĚdŽƵƌŝƐŵƚĞĂŵĂƚexistingClub President and attracting over anew number of servedrange as of its industries, Vice President. both in submarine Club President over a number of range of industries, both in Financemaintenance/sustainment and Corporate Services for businessesyears. He to remains our great an city.active He also maintenance/sustainment years. He remains an active the Maxima Group Inc. She trulyƚŚĞŝƚLJŽĨĚĞůĂŝĚĞǁŽƌŬŝŶŐǁŝƚŚĞdžŝƐƟŶŐĂŶĚĂƩƌĂĐƟŶŐŶĞǁďƵƐŝŶĞƐƐĞƐƚŽŽƵƌŐƌĞĂƚĐŝƚLJ͘,ĞĂůƐŽ Australia and the UK - including the Australia and the UK - including the organisation with 30 years’ ĚĞǀĞůŽƉƐƐƚƌĂƚĞŐŝĞƐƚŽĂƩƌĂĐƚŵŽƌĞƌĞƐŝĚĞŶƚƐůŝǀŝŶŐŝŶƚŚĞϱƚŚŵŽƐƚůŝǀĂďůĞĐŝƚLJŝŶƚŚĞǁŽƌůĚ͘developscompetitor strategies and coach to attract in surfboat more Heeducation, has been a financialState Board services, Member organisation with 30 years’ competitor and coach in surfboat education, financial services, enjoysexperience. workingKirsty at Maxima is a member as it has of residentscompetition living andin the has 5th enjoyed most for three years and is working with experience. Kirsty is a member of competition and has enjoyed similar values as Surf Life SavingWƌĞǀŝŽƵƐůLJ͕ƌĂŝŐŚĂƐǁŽƌŬĞĚŝŶ^ĂůĞƐĂŶĚDĂƌŬĞƟŶŐƌŽůĞƐĂƚŽŽƉĞƌƐƌĞǁĞƌLJ͕ĚĞůĂŝĚĞ&ŽŽƚďĂůů in manufacturing, travel, transport, manufacturing, travel, transport, the Australian Institute of Company livablesuccess city atin nationalthe world. and local levels. thesports marketing and leisure and sponsorship industries. the Australian Institute of Company success at national and local levels. sports and leisure industries. educationDirectors andand helping holds apeople. MasterůƵď͕WƌŝŶĐĞůĨƌĞĚŽůůĞŐĞĂŶĚ^ƚĂƚĞ'ŽǀĞƌŶŵĞŶƚ͘s in Kevin was inducted into the team to find supporters for World’s Directors and holds a Masters in Kevin was inducted into the Business Administration. ƌĂŝŐŚĂƐďĞĞŶĂŶĂĐƟǀĞŵĞŵďĞƌŽĨ'ůĞŶĞůŐ^>^ƐŝŶĐĞϭϵϳϲ͕ŚĞŽďƚĂŝŶĞĚŚŝƐďƌŽŶnjĞŝŶϭϵϳϵ͕ĂŶĚĂPreviously,Australian Craig Surf has Rowers worked Association in 2018. Business Administration. Australian Surf Rowers Association Heather has been a recipient of the She is currently Deputy Director, She is currently Deputy Director, ŚĂƐďĞĞŶĂ'ůĞŶĞůŐ^>^>ŝĨĞDĞŵďĞƌƐŝŶĐĞϭϵϵϱ͘Salesof SAand Hall Marketing of Fame roleswhere at he held Jim is the Publishing Editor of The of SA Hall of Fame where he held Australian Volunteer of the Year in Campaigns and Division Services at Campaigns and Division Services at She is an experienced leader with Coothepers position Brewery, as PresAdelaideident Footballfor 4 LeadSouth South Australia’s Australia, largest the news university, She is an experienced leader with the position as President for 4 South Australia’s largest university, 1995both and a commercialthe Australian and Official militaryƌĂŝŐŚĂƐŚĞůĚŶƵŵĞƌŽƵƐƉŽƐŝƟŽŶƐǁŝƚŚŝŶƚŚĞĐůƵďĂŶĚĂƚĂƐƚĂƚĞůĞǀĞůǁŝƚŚƚŚĞŵŽƐƚƌĞĐĞŶƚďĞŝŶŐƚŚĞ of Club,years. Prince Alfred College and service for the state and has a long both a commercial and military years. ŚĂŝƌŽĨ^^ƵƌĨ^ƉŽƌƚƐĨŽƌ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^͘,ĞƐƟůůĐŽŵƉĞƚĞƐĂƚĂŚŝŐŚůĞǀĞůĂƚůŽĐĂůĂŶĚŶĂƟŽŶĂůUniSA, and is responsible for UniSA, and is responsible for Craigthebackground Year Burton in 2007. (Kirsty Heather served is a in the JiStatem Plouffe Government. career in the media. background (Kirsty served in the Heather Thompson ĐŚĂŵƉŝŽŶƐŚŝƉƐĂŶĚĐŽĂĐŚĞƐƐƵƌĨƐŬŝƉĂĚĚůĞƌƐĨƌŽŵƐĞǀĞƌĂůĐůƵďƐ͘Kevin is the State Manager of leading six marketing teams. Kevin is the State Manager of leading six marketing teams. trainer,Royal assessor Australian and Navy official. as a She is He is passionate about developing Royal Australian Navy as a Endeavour College of Natural Endeavour College of Natural Craigthe Beach Burton Referee is the Manager,at the Australian City Jim joined Surf Life Saving in the submariner) spanning across CraigHealth has beenand was an activepreviously member the of leaders within Surf Lifesaving and submariner) spanning across Health and was previously the Heather is a Life Member of Grange Growthandquality, World within risk,Championships. the insurance, Economic project earlyGlenelg 2000s SLSC as since a boat 1976, rower he at Bulli ensuring members find quality, risk, insurance, project Owner and Managing Director of SA A patrolling member at Somerton Owner and Managing Director of SA A patrolling member at Somerton OUR BOARD SLSC and Surf Life Saving SA. DevelopmentHermanagement, love is wor andking workplace Tourism with young team health at inobtained NSW. On his moving bronze to in South 1979, and a volunteering both easy and management, workplace health Health Education Centre for 18 SLSC since 2012, Sarah is a patrol Health Education Centre for 18 SLSC since 2012, Sarah is a patrol thepeople City andof Adelaide has over working the years with Australia he joined Henley and has and safety, business continuity, hasyears. been Othera Glenelg Boards SLSC Kevin Life has held fulfilling.vice-captain, as well as the club’s and safety, business continuity, years. Other Boards Kevin has held vice-captain, as well as the club’s Heather is the General Manager of existingfacilitated and many attracting state developmentnew :ŝŵWůŽƵīĞ served as its Vice President. crisis management and security. Memberthe position since 1995.of Director are the Communications Officer. crisis management and security. the position of Director are the Communications Officer. Finance and Corporate Services for businessescampsKirsty and first to trips joinedour interstate great surf city. lifesaving for He :ŝŵũŽŝŶĞĚ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐŝŶƚŚĞĞĂƌůLJϮϬϬϬƐĂƐĂďŽĂƚƌŽǁĞƌĂƚƵůůŝŝŶE^t͘KŶŵŽǀŝŶŐƚŽ^ŽƵƚŚalso in Kirsty first joined surf lifesaving in Australian Traditional Medicine Australian Traditional Medicine the Maxima Group Inc. She truly developsthem.late She2011 strategies has when been relocating to a attractmember frommore ƵƐƚƌĂůŝĂŚĞũŽŝŶĞĚ,ĞŶůĞLJĂŶĚŚĂƐƐĞƌǀĞĚĂƐŝƚƐsŝĐĞWƌĞƐŝĚĞŶƚ͘of HeCraig has has been held a StatenumerousBoardpositions Member late 2011 when relocating from enjoys working at Maxima as it has the Australian High Performance Society and the Mt Barker Waldorf Society and the Mt Barker Waldorf residentsWestern living Australia. in the 5th most ,ĞŚĂƐďĞĞŶĂ^ƚĂƚĞŽĂƌĚDĞŵďĞƌĨŽƌƚŚƌĞĞLJĞĂƌƐĂŶĚŝƐǁŽƌŬŝŶŐǁŝƚŚƚŚĞŵĂƌŬĞƟŶŐĂŶĚforwithin three the years club and and is at working a state levelwith Western Australia. similar values as Surf Life Saving in Team and has taken a development School. School. livableShe cityjoined in the Semaphore world. Surf ƐƉŽŶƐŽƌƐŚŝƉƚĞĂŵƚŽĮŶĚƐƵƉƉŽƌƚĞƌƐĨŽƌtŽƌůĚ͛ƐϮϬϭϴ͘:ŝŵŝƐƚŚĞWƵďůŝƐŚŝŶŐĚŝƚŽƌŽĨdŚĞ>ĞĂĚthewith marketing the most andrecent sponsorship being the She joined Semaphore Surf education and helping people. team of athletes to New Zealand. Lifesaving Club to meet new ^ŽƵƚŚƵƐƚƌĂůŝĂ͕ƚŚĞŶĞǁƐƐĞƌǀŝĐĞĨŽƌƚŚĞƐƚĂƚĞĂŶĚŚĂƐĂůŽŶŐĐĂƌĞĞƌŝŶƚŚĞŵĞĚŝĂ͘,ĞŝƐƉĂƐƐŝŽŶĂƚĞpeople teamChairAs to aof teacher findSA Surf supporters and Sports practitioner for for Surf World’s Life of Lifesaving Club to meet new people As a teacher and practitioner of She was a member of the National Previously,and actively Craig participate has worked within in ĂďŽƵƚĚĞǀĞůŽƉŝŶŐůĞĂĚĞƌƐǁŝƚŚŝŶ^ƵƌĨ>ŝĨĞƐĂǀŝŶŐĂŶĚĞŶƐƵƌŝŶŐŵĞŵďĞƌƐĮŶĚǀŽůƵŶƚĞĞƌŝŶŐďŽƚŚĞĂƐLJ the 2018.SavingSports SA. and Remedial Massage Kevin and actively participate within the Sports and Remedial Massage Kevin Heather has been a recipient of the Youth Development Panel for many Salescommunity and Marketing which roleshas led at to ĂŶĚĨƵůĮůůŝŶŐ͘a love Jimhas is the worked Publishing at Commonwealth Editor of The and community which has led to a love has worked at Commonwealth and Australian Volunteer of the Year in Cooyearsofpers surf and Brewery, lifesaving was a member Adelaide for Kirsty of Football the and her LeadHeOlympic still South competes Australia,Games at and a the high FINA news level World at of surf lifesaving for Kirsty and her Olympic Games and FINA World 1995 and the Australian Official of Club,grouptwo Prince thatchildren. designed Alfred Kirsty College the has original andbeen servicelocalDiving and for competitions.national the state championships and He has has a long also two children. Kirsty has been Diving competitions. He has also the Year in 2007. Heather is a StateAge Group Government. Leaders courses. careertaught in the and media. delivered seminars in taught and delivered seminars in Craig Burton JimactivelyPlouffe involved as an age and coaches surf ski paddlers from actively involved as an age Heather Thompson trainer, assessor and official. She is manager, surf boat rower and Heseveral Denmis pa ssionateclubs.ark, USA about and Thailand. developing His life manager, surf boat rower and Denmark, USA and Thailand. His life the Beach Referee at the Australian has been adventurous involving has been adventurous involving Craig Burton is the Manager, City CraigJimmasters joined has been Surfcompetitor an Life activeSaving along member in thewith of her leaders within Surf Lifesaving and masters competitor along with her and World Championships. living with his wife and 2 children in living with his wife and 2 children in Heather is a Life Member of Grange Growth within the Economic Glenelgearlytwo 2000s childrenSLSC as since a who boat 1976, are rower activehe at Bulliin both ensuring members find two children who are active in both Her love is working with young Denmark, trips to Africa where he Denmark, trips to Africa where he SLSC and Surf Life Saving SA. Development and Tourism team at obtainedin NSW.senior On hisand movingbronze junior intoprograms. 1979,South and a volunteering both easy and senior and junior programs. people and has over the years was working with National was working with National the City of Adelaide working with hasAustralia been ahe Glenelg joined SLSCHenley Life and has fulfilling. facilitated many state development Geographic as well as climate Geographic as well as climate Heather is the General Manager of existing and attracting new Memberserved as since its Vice 1995. President. camps and trips interstate for change research in Africa with Paul change research in Africa with Paul Finance and Corporate Services for businesses to our great city. He also the Maxima Group Inc. She truly them. She has been a member of Craig has held numerous positions Smiths College, USA. Smiths College, USA. thedevelops Australian strategies High Performance to attract more He has been a State Board Member enjoys working at Maxima as it has residents living in the 5th most withinfor three the years club andand atis workinga state level with similar values as Surf Life Saving in Team and has taken a development with the most recent being the teamlivable of city athletes in the to world. New Zealand. the marketing and sponsorship education and helping people. Chairteam ofto SA find Surf supporters Sports for for Surf World’s Life She was a member of the National Saving SA. YouthPreviously, Development Craig has Panel worked for in many 2018. Heather has been a recipient of the Sales and Marketing roles at Jim is the Publishing Editor of The Australian Volunteer of the Year in years and was a member of the He still competes at a high level at groupCoopers that Brewery, designed Adelaide the original Football Lead South Australia, the news 1995 and the Australian Official of Club, Prince Alfred College and localservice and for national the state championships and has a long Age Group Leaders courses. and coaches surf ski paddlers from the Year in 2007. Heather is a State Government. Pagecareer2017 6 2017 Annual Annualin Reportthe Report media.| Surf| Surf Life LifeSaving Saving SA SA 2018 Annual Report | Surf LifePage SavingPage8 9 SA 2017 Annual Report | Surf Life Saving SA Page 9 trainer, assessor and official. She is severalHe is pa clubs.ssionate about developing the Beach Referee at the Australian Craig has been an active member of leaders within Surf Lifesaving and and World Championships. Glenelg SLSC since 1976, he ensuring members find Her love is working with young obtained his bronze in 1979, and a volunteering both easy and people and has over the years has been a Glenelg SLSC Life fulfilling. facilitated many state development Member since 1995. camps and trips interstate for them. She has been a member of Craig has held numerous positions the Australian High Performance within the club and at a state level Team and has taken a development with the most recent being the team of athletes to New Zealand. Chair of SA Surf Sports for Surf Life She was a member of the National Saving SA. Youth Development Panel for many years and was a member of the He still competes at a high level at group that designed the original local and national championships Age Group Leaders courses. 2017and Annual coaches Report surf| Surf ski Life paddlers Saving SA from Page 8 several clubs.

2017 Annual Report | Surf Life Saving SA Page 8 OUR BOARD OUROUR BOARD BOARD

Kirsty Coll <ŝƌƐƚLJŝƐƚŚĞZŝƐŬΘ/ŶƐƵƌĂŶĐĞDĂŶĂŐĞƌĨŽƌ^WƚLJ>ƚĚʹƵƐƚƌĂůŝĂ͛ƐůĂƌŐĞƐƚƐƉĞĐŝĂůŝƐĞĚĚĞĨĞŶĐĞ ƐŚŝƉďƵŝůĚŝŶŐĂŶĚƐƵďŵĂƌŝŶĞŵĂŝŶƚĞŶĂŶĐĞͬƐƵƐƚĂŝŶŵĞŶƚŽƌŐĂŶŝƐĂƟŽŶǁŝƚŚϯϬLJĞĂƌƐ͛ĞdžƉĞƌŝĞŶĐĞ͘ <ŝƌƐƚLJŝƐĂŵĞŵďĞƌŽĨƚŚĞƵƐƚƌĂůŝĂŶ/ŶƐƟƚƵƚĞŽĨŽŵƉĂŶLJŝƌĞĐƚŽƌƐĂŶĚŚŽůĚƐĂDĂƐƚĞƌƐŝŶƵƐŝŶĞƐƐ ĚŵŝŶŝƐƚƌĂƟŽŶ͘ ^ŚĞŝƐĂŶĞdžƉĞƌŝĞŶĐĞĚůĞĂĚĞƌǁŝƚŚďŽƚŚĂĐŽŵŵĞƌĐŝĂůĂŶĚŵŝůŝƚĂƌLJďĂĐŬŐƌŽƵŶĚ;<ŝƌƐƚLJƐĞƌǀĞĚŝŶƚŚĞ ZŽLJĂůƵƐƚƌĂůŝĂŶEĂǀLJĂƐĂƐƵďŵĂƌŝŶĞƌͿƐƉĂŶŶŝŶŐĂĐƌŽƐƐƋƵĂůŝƚLJ͕ƌŝƐŬ͕ŝŶƐƵƌĂŶĐĞ͕ƉƌŽũĞĐƚ ŵĂŶĂŐĞŵĞŶƚ͕ǁŽƌŬƉůĂĐĞŚĞĂůƚŚĂŶĚƐĂĨĞƚLJ͕ďƵƐŝŶĞƐƐĐŽŶƟŶƵŝƚLJ͕ĐƌŝƐŝƐŵĂŶĂŐĞŵĞŶƚĂŶĚƐĞĐƵƌŝƚLJ͘ <ŝƌƐƚLJĮƌƐƚũŽŝŶĞĚƐƵƌĨůŝĨĞƐĂǀŝŶŐŝŶůĂƚĞϮϬϭϭǁŚĞŶƌĞůŽĐĂƟŶŐĨƌŽŵtĞƐƚĞƌŶƵƐƚƌĂůŝĂ͘^ŚĞũŽŝŶĞĚ ^ĞŵĂƉŚŽƌĞ^ƵƌĨ>ŝĨĞƐĂǀŝŶŐůƵďƚŽŵĞĞƚŶĞǁƉĞŽƉůĞĂŶĚĂĐƟǀĞůLJƉĂƌƟĐŝƉĂƚĞǁŝƚŚŝŶƚŚĞĐŽŵŵƵŶŝƚLJ Craig Burton Jim Plouffe KirstyKir Collsty Coll Heather Thompson ǁŚŝĐŚŚĂƐůĞĚƚŽĂůŽǀĞŽĨƐƵƌĨůŝĨĞƐĂǀŝŶŐĨŽƌ<ŝƌƐƚLJĂŶĚŚĞƌƚǁŽĐŚŝůĚƌĞŶ͘<ŝƌƐƚLJŚĂƐďĞĞŶĂĐƟǀĞůLJKevinKevin Watkins Watkins SarahSarah Cutbush Cutbush ŝŶǀŽůǀĞĚĂƐĂŶĂŐĞŵĂŶĂŐĞƌ͕ƐƵƌĨďŽĂƚƌŽǁĞƌĂŶĚŵĂƐƚĞƌƐĐŽŵƉĞƟƚŽƌĂůŽŶŐǁŝƚŚŚĞƌƚǁŽĐŚŝůĚƌĞŶ Craig Burton is the Manager, City Jim joined Surf Life Saving in the KirstyKirsty is the is Riskthe Risk & Insurance & InsuranceǁŚŽĂƌĞĂĐƟǀĞŝŶďŽƚŚƐĞŶŝŽƌĂŶĚũƵŶŝŽƌƉƌŽŐƌĂŵƐ͘KevinKevin has hasbeen been a member a member of the of the SarahSarah is a broadlyis a broadly experienced, experienced, Heather is a Life Member of Grange Growth within the Economic early 2000s as a boat rower at Bulli ManagerManager for ASCfor ASCPty LtdPty –Ltd – BrightonBrighton Club Club since since 1967 1967 and andis is SLSC and Surf Life Saving SA. MBAMBA-qualified-qualified executive executive manager manager Development and Tourism team at in NSW. On moving to South Australia’sAustralia’s largest largest specialised specialised currentlycurrently a Life a LifeMember. Member. He has He has and andstrategic strategic senior senior marketer marketer with with the City of Adelaide working with Australia he joined Henley and has defencedefence shipbuilding shipbuilding and and heldheld positions positions of Vice of Vice President President and and Heather is the General Manager of Sarah Cutbush moremore than than 30 years’ 30 years’ experience experience in a in a existing and attracting new served as its Vice President. submarinesubmarine ^ĂƌĂŚŝƐĂďƌŽĂĚůLJĞdžƉĞƌŝĞŶĐĞĚ͕DͲƋƵĂůŝĮĞĚĞdžĞĐƵƟǀĞŵĂŶĂŐĞƌĂŶĚƐƚƌĂƚĞŐŝĐƐĞŶŝŽƌŵĂƌŬĞƚĞƌǁŝƚŚClubClub President President over over a number a number of of rangerange of industries, of industries, both both in in Finance and Corporate Services for businesses to our great city. He also maintenance/sustainmentmaintenance/sustainment years.years. He remains He remains an active an active the Maxima Group Inc. She truly ŵŽƌĞƚŚĂŶϯϬLJĞĂƌƐ͛ĞdžƉĞƌŝĞŶĐĞŝŶĂƌĂŶŐĞŽĨŝŶĚƵƐƚƌŝĞƐ͕ďŽƚŚŝŶƵƐƚƌĂůŝĂĂŶĚƚŚĞh<ͲŝŶĐůƵĚŝŶŐƚŚĞAustraliaAustralia and andthe UKthe -UKincluding- including the the develops strategies to attract more He has been a State Board Member organisationorganisation with with 30 years’ 30 years’ ĞĚƵĐĂƟŽŶ͕ĮŶĂŶĐŝĂůƐĞƌǀŝĐĞƐ͕ŵĂŶƵĨĂĐƚƵƌŝŶŐ͕ƚƌĂǀĞů͕ƚƌĂŶƐƉŽƌƚ͕ƐƉŽƌƚƐĂŶĚůĞŝƐƵƌĞŝŶĚƵƐƚƌŝĞƐ͘^ŚĞŝƐcompetitorcompetitor and andcoach coach in surfboat in surfboat education,education, financial financial services, services, enjoys working at Maxima as it has residents living in the 5th most for three years and is working with experience.experience.KirstyKirsty is a memberis a member of of competitioncompetition and andhas hasenjoyed enjoyed similar values as Surf Life Saving in ĐƵƌƌĞŶƚůLJĞƉƵƚLJŝƌĞĐƚŽƌ͕ĂŵƉĂŝŐŶƐĂŶĚŝǀŝƐŝŽŶ^ĞƌǀŝĐĞƐĂƚ^ŽƵƚŚƵƐƚƌĂůŝĂ͛ƐůĂƌŐĞƐƚƵŶŝǀĞƌƐŝƚLJ͕manufactumanufacturing,ring, travel, travel, transport, transport, livable city in the world. the marketing and sponsorship the Australianthe Australian Institute Institute of Company of CompanyhŶŝ^͕ĂŶĚŝƐƌĞƐƉŽŶƐŝďůĞĨŽƌůĞĂĚŝŶŐƐŝdžŵĂƌŬĞƟŶŐƚĞĂŵƐ͘ successsuccess at national at national and andlocal local levels. levels. sports sports and andleisure leisure industries. industries. education and helping people. team to find supporters for World’s DirectorsDirectorsand andholds holds a Master a Masters in s in KevinKevin was wasinducted inducted into into the the Previously, Craig has worked in 2018. BusinessBusiness Administration. Administration. ƉĂƚƌŽůůŝŶŐŵĞŵďĞƌĂƚ^ŽŵĞƌƚŽŶ^>^ƐŝŶĐĞϮϬϭϮ͕^ĂƌĂŚŝƐĂƉĂƚƌŽůǀŝĐĞͲĐĂƉƚĂŝŶ͕ĂƐǁĞůůĂƐƚŚĞĐůƵď͛ƐAustralianAustralian Surf Surf Rowers Rowers Association Association Heather has been a recipient of the She Sheis currently is currently Deputy Deputy Director, Director, Sales and Marketing roles at Jim is the Publishing Editor of The ŽŵŵƵŶŝĐĂƟŽŶƐKĸĐĞƌ͘of SAof Hall SA Hallof Fame of Fame where where he held he held CampaignsCampaigns and andDivision Division Services Services at at Australian Volunteer of the Year in Coopers Brewery, Adelaide Football Lead South Australia, the news She Sishe an is experienced an experienced leader leader with with the positionthe position as Pres as Presidentident for 4for 4 1995 and the Australian Official of SouthSouth Australia’s Australia’s largest largest university, university, Club, Prince Alfred College and service for the state and has a long bothboth a commercial a commercial and andmilitary military years.years. UniSA,UniSA, and andis responsible is responsible for for the Year in 2007. Heather is a State Government. career in the media. backgroundbackground (Kirsty (Kirsty served served in the in the KevinKevin is the is Statethe State Manager Manager of of leadingleading six marketing six marketing teams. teams. trainer, assessor and official. She is He is passionate about developing RoyalRoyal Australian Australian Navy Navy as a as a Ronald HarwoodEndeavourEndeavour College College of Natural of Natural the Beach Referee at the Australian Craig has been an active member of leaders within Surf Lifesaving and submariner)submariner) spanning spanning across across and World Championships. ZŽŶ,ĂƌǁŽŽĚũŽŝŶĞĚƚŚĞŽĂƌĚŝŶϮϬϭϮĂŌĞƌƐƚĞƉƉŝŶŐĚŽǁŶŝŶŚŝƐƌŽůĞŽĨWƌĞƐŝĚĞŶƚŽĨƚŚĞŚƌŝƐƟĞƐHealthHealth and andwas waspreviously previously the the Glenelg SLSC since 1976, he ensuring members find quality,quality, risk, risk, insurance, insurance, project projectĞĂĐŚ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐůƵď͕ĂƌŽůĞŚĞŚĞůĚĨŽƌϭϮLJĞĂƌƐ͘ A patrollingA patrolling member member at Somert at Somerton on Her love is working with young OwnerOwner and andManaging Managing Director Director of SA of SA obtained his bronze in 1979, and a volunteering both easy and management,management, workplace workplace health health SLSCSLSC since since 2012, 2012, Sarah Sarah is a patrolis a patrol people and has over the years ZŽŶŝƐĐƵƌƌĞŶƚůLJƐǁĞĞƉŝŶŐϮĨĞŵĂůĞĐƌĞǁƐĂƚ,ĞŶůĞLJ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐůƵď͘ZŽŶŚĂƐĮůůĞĚƚŚĞƌŽůĞƐŽĨHealthHealth Education Education Centre Centre for 18for 18 has been a Glenelg SLSC Life fulfilling. and andsafety, safety, business business continuity, continuity, vicevice-captain,-captain, as well as well as the as club’sthe club’s facilitated many state development ŚŝĞĨ/ŶƐƚƌƵĐƚŽƌ͕ŽĂƚĂƉƚĂŝŶ͕sŝĐĞƉƌĞƐŝĚĞŶƚ͕&ĂĐŝůŝƟĞƐŝƌĞĐƚŽƌĂŶĚWƌĞƐŝĚĞŶƚŽǀĞƌϰϲLJĞĂƌƐ͘years.years. Other Other Boards Boards Kevin Kevin has hasheld held Member since 1995. crisiscrisis management management and andsecurity. security. CommunicationsCommunications Officer. Officer. camps and trips interstate for the positionthe position of Director of Director are theare the KirstyKirsty first firstjoined joined surf surflifesaving lifesaving inZŽŶǁĂƐĂůƐŽƚŚĞŚĂŝƌƉĞƌƐŽŶŽĨƚŚĞ^ŽĂƚZŽǁĞƌƐ>ĞĂŐƵĞ;ŶŽǁ^Z>^ͿĂŶĚŚĂƐďĞĞŶŝŶǀŽůǀĞĚ in them. She has been a member of AustralianAustralian Trad Traditionalitional Medicine Medicine Craig has held numerous positions late late2011 2011 when when relocating relocating from fromŝŶƚŚĞďŽĂƚĂƌĞĂĨŽƌŽǀĞƌϰϱLJĞĂƌƐƐǁĞĞƉŝŶŐĐƌĞǁƐĂƚ^ĞŵĂƉŚŽƌĞ͕ŚƌŝƐƟĞƐĞĂĐŚ͕EŽƌƚŚ,ĂǀĞŶ͕ the Australian High Performance SocietySociety and andthe Mtthe BarkerMt Barker Waldorf Waldorf within the club and at a state level WesternWestern Australia. Australia. ^ŽŵĞƌƚŽŶĂŶĚ,ĞŶůĞLJĞĂĐŚ͘School.School. Team and has taken a development with the most recent being the She Shejoined joined Semaphore Semaphore Surf Surf ƵƌƌĞŶƚůLJƌĞƟƌĞĚĂŌĞƌϯϯLJĞĂƌƐŝŶDĂŶĂŐĞŵĞŶƚŽĨ'&ŝŶĂŶĐĞ͕ŚĞĮůůƐŚŝƐƟŵĞďĞƚǁĞĞŶƚŚĞ,ĞŶůĞLJ team of athletes to New Zealand. Chair of SA Surf Sports for Surf Life LifesavingLifesaving Club Club to meet to meet new new people people As aAs teacher a teacher and andpractitioner practitioner of of ĞĂĐŚ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐůƵď͕ŚƌŝƐƟĞƐĞĂĐŚ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐůƵď͕^>^^ĂŶĚŚŝƐĨĂŵŝůLJ͘ She was a member of the National Saving SA. and andactively actively participate participate within within the the SportsSports and andRemedial Remedial Massage Massage Kevin Kevin Youth Development Panel for many communitycommunity which whichhas hasled toled a tolove a love has hasworked worked at Commonwealth at Commonwealth and and years and was a member of the He still competes at a high level at of surfof surflifesaving lifesaving for Kirsty for Kirsty and andher her OlympicOlympic Games Games and andFINA FINA World World group that designed the original DivingDiving competitions. competitions. He has He hasalso also local and national championships two twochildren. children. Kirsty Kirsty has hasbeen been Simon Boag Age Group Leaders courses. taughttaught and anddelivered delivered seminars seminars in in and coaches surf ski paddlers from activelyactively involved involved as an as age an age ^ŝŵŽŶŝƐĂŶĂĐƟǀĞŵĞŵďĞƌŽĨtĞƐƚĞĂĐŚ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐůƵďĂŶĚŚĂƐƚŚƌĞĞĐŚŝůĚƌĞŶƚŚĂƚůŽǀĞĚ DenmDenmark, ark,USA USA and andThailand. Thailand. His lifeHis life several clubs. manager,manager, surf surfboat boat rower rower and andEŝƉƉĞƌƐĂŶĚŶŽǁĐŽŵƉĞƚĞŝŶƐĞŶŝŽƌĂŐĞŐƌŽƵƉƐ͘,ŝƐĨĂŵŝůLJďĞĐĂŵĞŝŶǀŽůǀĞĚŝŶƐƵƌĨůŝĨĞƐĂǀŝŶŐŝŶϮϬϭϮ͕ has hasbeen been adventurous adventurous involving involving mastersmasters competitor competitor along along with with herďƌŝŶŐŝŶŐŝŶƌĞůĂƟǀĞůLJŶĞǁƉĞƌƐƉĞĐƟǀĞƚŽƚŚĞŽĂƌĚ͘ her two twochildren children who who are activeare active in both in both livingliving with with his wife his wife and and2 children 2 children in in seniorsenior and andjunior junior programs. programs. ^ŝŵŽŶŚĂƐďĞĞŶĂKŽƌ'ĞŶĞƌĂůDĂŶĂŐĞƌŽĨƐĞǀĞƌĂůǁĞůůͲŬŶŽǁŶ^ŽƵƚŚƵƐƚƌĂůŝĂŶŚĞĂůƚŚDenmark,Denmark, trips trips to Africa to Africa where where he he ďƵƐŝŶĞƐƐĞƐŝŶĐůƵĚŝŶŐƐŚĨŽƌĚ,ŽƐƉŝƚĂů͕'ƌŝďďůĞƐWĂƚŚŽůŽŐLJĂŶĚ^,ĞĂƌƚ͘,ĞŝƐĐƵƌƌĞŶƚůLJKŽĨwaswas working working with with National National ĞŶƐŽŶZĂĚŝŽůŽŐLJ͘GeographicGeographic as well as wellas climate as climate changechange research research in Africa in Africa with with Paul Paul KƌŝŐŝŶĂůůLJĂ^ƉŽƌƚƐWŚLJƐŝŽƚŚĞƌĂƉŝƐƚ͕^ŝŵŽŶŚĂƐƉƌĞǀŝŽƵƐůLJďĞĞŶ^ĞŶŝŽƌWŚLJƐŝŽƚŚĞƌĂƉŝƐƚĂƚŽůůŝŶŐǁŽŽĚ &ŽŽƚďĂůůůƵďĂŶĚĂŝƌĞĐƚŽƌŽĨKůLJŵƉŝĐWĂƌŬ^ƉŽƌƚDĞĚŝĐŝŶĞ͘,ĞŚĂƐŚĞůĚƐĞǀĞƌĂůŽĂƌĚŝƌĞĐƚŽƌSmithsSmiths College, College, USA. USA. ƌŽůĞƐŝŶƚŚĞŚĞĂůƚŚ͕ƐƉŽƌƚƐĂŶĚĞĚƵĐĂƟŽŶƐĞĐƚŽƌƐ͘

2017 Annual Report | Surf Life Saving SA Page 8 20182017 Annual2017Annual Annual Report Report Report| Surf | Surf| Life Surf LifeSaving Life Saving Saving SA SA Page 9Page 9Page 7 3

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ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϭ ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϮ 685)/,)(6$9,1*6287+$8675$/,$,1& 685)/,)(6$9,1*6287+$8675$/,$,1&     d>K&KEdEd^   KZDDZ^͛ZWKZd ŽĂƌĚDĞŵďĞƌƐ͛ZĞƉŽƌƚ Ϯ  ƵĚŝƚŽƌ͛Ɛ/ŶĚĞƉĞŶĚĞŶĐĞĞĐůĂƌĂƚŝŽŶ ϰ dŚĞŽĂƌĚŵĞŵďĞƌƐƉƌĞƐĞŶƚƚŚĞŝƌƌĞƉŽƌƚƚŽŐĞƚŚĞƌǁŝƚŚƚŚĞĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŽĨ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐĨŽƌƚŚĞLJĞĂƌĞŶĚĞĚ ^ƚĂƚĞŵĞŶƚŽĨWƌŽĨŝƚŽƌ>ŽƐƐĂŶĚKƚŚĞƌŽŵƉƌĞŚĞŶƐŝǀĞ/ŶĐŽŵĞ ϱ ϯϬ:ƵŶĞϮϬϭϴ͕ĂŶĚƚŚĞĂƵĚŝƚŽƌ͛ƐƌĞƉŽƌƚƚŚĞƌĞŽŶ͘dŚŝƐĨŝŶĂŶĐŝĂůƌĞƉŽƌƚŚĂƐďĞĞŶƉƌĞƉĂƌĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƵƐƚƌĂůŝĂŶĐĐŽƵŶƚŝŶŐ ^ƚĂŶĚĂƌĚƐʹZĞĚƵĐĞĚŝƐĐůŽƐƵƌĞƌĞƋƵŝƌĞŵĞŶƚƐ͕ĂŶĚƚŚĞƵƐƚƌĂůŝĂŶŚĂƌŝƚŝĞƐĂŶĚEŽƚͲĨŽƌͲƉƌŽĨŝƚƐŽŵŵŝƐƐŝŽŶĐƚϮϬϭϮ͘ ^ƚĂƚĞŵĞŶƚŽĨ&ŝŶĂŶĐŝĂůWŽƐŝƚŝŽŶ ϲ  ^ƚĂƚĞŵĞŶƚŽĨŚĂŶŐĞƐŝŶƋƵŝƚLJ ϳ EĂŵĞƐŽĨŽĂƌĚŵĞŵďĞƌƐĚƵƌŝŶŐƚŚĞĨŝŶĂŶĐŝĂůLJĞĂƌ ^ƚĂƚĞŵĞŶƚŽĨĂƐŚ&ůŽǁƐ ϴ dŚĞŶĂŵĞƐŽĨŽĂƌĚŵĞŵďĞƌƐƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌĂŶĚĂƚƚŚĞĚĂƚĞŽĨƚŚŝƐƌĞƉŽƌƚƵŶůĞƐƐŽƚŚĞƌǁŝƐĞƐƚĂƚĞĚĂƌĞ͗ EŽƚĞƐƚŽƚŚĞ&ŝŶĂŶĐŝĂů^ƚĂƚĞŵĞŶƚƐ ϵ :ĂŬĞƌ ,dŚŽŵƉƐŽŶ ^ƚĂƚĞŵĞŶƚďLJƚŚĞŽĂƌĚDĞŵďĞƌƐ Ϯϯ ĂůĚŝĐŽƚƚ :WůŽƵĨĨĞ /ŶĚĞƉĞŶĚĞŶƚƵĚŝƚŽƌ͛ƐZĞƉŽƌƚ Ϯϰ Z,ĂƌǁŽŽĚ;ƌĞƐŝŐŶĞĚDĂLJϮϬϭϴͿ <Žůů  W,ĂŶƐĞŶ ^ƵƚďƵƐŚ;ĂƉƉŽŝŶƚĞĚDĂLJϮϬϭϴͿ  ƵƌƚŽŶ;ĂƉƉŽŝŶƚĞĚDĂLJϮϬϭϴͿ  ^ŽĂŐ;ƌĞƐŝŐŶĞĚDĂLJϮϬϭϴͿ    ZĞƐƵůƚƐ  dŚĞƐƵƌƉůƵƐŽĨ^>^^ĨŽƌƚŚĞLJĞĂƌĂŵŽƵŶƚĞĚƚŽΨϮϯϮ͕ϵϱϭ;ϮϬϭϳ͗ΨϭϮϲ͕ϳϲϴͿ͘    WƌŝŶĐŝƉĂůĂĐƚŝǀŝƚŝĞƐ  dŚĞƉƌŝŶĐŝƉĂůĂĐƚŝǀŝƚLJŽĨ^>^^ĚƵƌŝŶŐƚŚĞLJĞĂƌǁĂƐƚŽƉƌŽǀŝĚĞƐƵƌĨůŝĨĞƐĂǀŝŶŐƌĞůĂƚĞĚƐĞƌǀŝĐĞƐ͘    ZĞǀŝĞǁŽĨŽƉĞƌĂƚŝŽŶƐ  ^>^^ĐŽŶƚŝŶƵĞĚƚŽĞŶŐĂŐĞŝŶŝƚƐƉƌŝŶĐŝƉĂůĂĐƚŝǀŝƚLJŽĨƉƌŽǀŝĚŝŶŐƐƵƌĨůŝĨĞƐĂǀŝŶŐƌĞůĂƚĞĚƐĞƌǀŝĐĞƐ͘dŚĞƌĞƐƵůƚƐŽĨƚŚĞƐĞĂĐƚŝǀŝƚŝĞƐĂƌĞ  ĚŝƐĐůŽƐĞĚŝŶƚŚĞĂƚƚĂĐŚĞĚĨŝŶĂŶĐŝĂůƌĞƉŽƌƚ͘    ^ŝŐŶŝĨŝĐĂŶƚĐŚĂŶŐĞƐŝŶƐƚĂƚĞŽĨĂĨĨĂŝƌƐ  dŚĞƌĞǁĞƌĞŶŽƐŝŐŶŝĨŝĐĂŶƚĐŚĂŶŐĞƐŝŶ^>^^͛ƐƐƚĂƚĞŽĨĂĨĨĂŝƌƐƚŚĂƚŽĐĐƵƌƌĞĚĚƵƌŝŶŐƚŚĞĨŝŶĂŶĐŝĂůLJĞĂƌƵŶůĞƐƐŽƚŚĞƌǁŝƐĞƐƚĂƚĞĚŝŶƚŚĞ  ĂƚƚĂĐŚĞĚĨŝŶĂŶĐŝĂůƌĞƉŽƌƚ͘    ǀĞŶƚƐĂĨƚĞƌďĂůĂŶĐĞĚĂƚĞ  KŶϮϴƵŐƵƐƚϮϬϭϴ͕ƚŚĞŽĂƌĚĚĞĐůĂƌĞĚĂƉĂLJŵĞŶƚŽĨΨϱϮ͕ϱϬϬƚŽ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐůƵďƐŝŶ^ŽƵƚŚƵƐƚƌĂůŝĂďĞŵĂĚĞĂŶĚĂƉƌŽǀŝƐŝŽŶĨŽƌ  ƌĞƉĂŝƌƐĂŶĚŵĂŝŶƚĞŶĂŶĐĞďĞĞƐƚĂďůŝƐŚĞĚĨŽƌΨϱϬ͕ϬϬϬ͘  EŽŽƚŚĞƌŵĂƚƚĞƌƐŽƌĐŝƌĐƵŵƐƚĂŶĐĞƐŚĂǀĞĂƌŝƐĞŶƐŝŶĐĞƚŚĞĞŶĚŽĨƚŚĞĨŝŶĂŶĐŝĂůLJĞĂƌǁŚŝĐŚƐŝŐŶŝĨŝĐĂŶƚůLJĂĨĨĞĐƚĞĚŽƌŵĂLJƐŝŐŶŝĨŝĐĂŶƚůLJ ĂĨĨĞĐƚƚŚĞŽƉĞƌĂƚŝŽŶƐŽĨ^>^^͕ƚŚĞƌĞƐƵůƚƐŽĨƚŚŽƐĞŽƉĞƌĂƚŝŽŶƐŽƌƚŚĞƐƚĂƚĞŽĨĂĨĨĂŝƌƐŽĨ^>^^͘    >ŝŬĞůLJĞǀĞůŽƉŵĞŶƚƐ  ^>^^ĞdžƉĞĐƚƐƚŽŵĂŝŶƚĂŝŶƚŚĞƉƌĞƐĞŶƚƐƚĂƚƵƐĂŶĚůĞǀĞůŽĨŽƉĞƌĂƚŝŽŶƐ͘    ŶǀŝƌŽŶŵĞŶƚĂůƌĞŐƵůĂƚŝŽŶ  ^>^^͛ƐŽƉĞƌĂƚŝŽŶƐĂƌĞŶŽƚƌĞŐƵůĂƚĞĚďLJĂŶLJƐŝŐŶŝĨŝĐĂŶƚĞŶǀŝƌŽŶŵĞŶƚĂůƌĞŐƵůĂƚŝŽŶƵŶĚĞƌĂůĂǁŽĨƚŚĞŽŵŵŽŶǁĞĂůƚŚŽƌŽĨĂƐƚĂƚĞŽƌ  ƚĞƌƌŝƚŽƌLJ͘    

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ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϱ ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϲ 685)/,)(6$9,1*6287+$8675$/,$,1& 685)/,)(6$9,1*6287+$8675$/,$,1&    ^ddDEdK&&/EE/>WK^/d/KE ^ddDEdK&WZK&/dKZ>K^^EKd,ZKDWZ,E^/s/EKD ^dϯϬ:hEϮϬϭϴ &KZd,zZEϯϬ:hEϮϬϭϴ        EŽƚĞ ϮϬϭϴ ϮϬϭϳ  EŽƚĞ ϮϬϭϴ ϮϬϭϳ Ψ Ψ Ψ Ψ ^^d^      hZZEd^^d^   ZĞǀĞŶƵĞ Ϯ ϰ͕ϰϱϭ͕ϲϮϬ ϯ͕ϳϵϯ͕Ϭϲϳ ĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐ ϰ ϯ͕ϰϱϳ͕ϲϯϰ Ϯ͕ϱϵϮ͕Ϯϲϭ ĞƉƌĞĐŝĂƚŝŽŶĞdžƉĞŶƐĞ ϯ ;ϯϯϭ͕ϭϭϮͿ ;ϯϬϴ͕ϳϳϱͿ dƌĂĚĞĂŶĚŽƚŚĞƌƌĞĐĞŝǀĂďůĞƐ ϱ ϯϲϳ͕ϭϳϬ ϯϲϳ͕ϳϮϬ /ŶƐƵƌĂŶĐĞĞdžƉĞŶƐĞƐ  ;ϭϯϴ͕ϬϮϮͿ ;ϭϭϬ͕ϳϮϯͿ dKd>hZZEd^^d^  ϯ͕ϴϮϰ͕ϴϬϰ Ϯ͕ϵϱϵ͕ϵϴϭ >ŝĨĞƐĂǀŝŶŐŽƉĞƌĂƚŝŽŶƐ  ;ϰϰϴ͕ϬϳϵͿ ;ϰϴϳ͕ϬϱϲͿ EKEͲhZZEd^^d^   ^ƵƌĨĞŶƚƌĂůŽƉĞƌĂƚŝŽŶƐ  ;ϭ͕ϯϭϰ͕ϲϴϴͿ ;ϵϯϯ͕ϲϯϱͿ WƌŽƉĞƌƚLJ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ ϲ ϱ͕ϳϯϳ͕ϴϲϮ ϱ͕ϳϬϰ͕ϲϯϴ ŵƉůŽLJĞĞĞdžƉĞŶƐĞƐ  ;ϭ͕ϴϵϲ͕ϭϴϱͿ ;ϭ͕ϳϰϯ͕ϮϴϲͿ dKd>EKEͲhZZEd^^d^  ϱ͕ϳϯϳ͕ϴϲϮ ϱ͕ϳϬϰ͕ϲϯϴ DŽƚŽƌǀĞŚŝĐůĞĞdžƉĞŶƐĞƐ  ;ϰϭ͕ϬϴϯͿ ;ϰϬ͕ϯϮϰͿ dKd>^^d^  ϵ͕ϱϲϮ͕ϲϲϲ ϴ͕ϲϲϰ͕ϲϭϵ ůƵďĚŝƐƚƌŝďƵƚŝŽŶ  ;ϰϳ͕ϱϬϬͿ ;ϰϮ͕ϱϬϬͿ >//>/d/^   ^ƵƌƉůƵƐͬ;ĚĞĨŝĐŝƚͿďĞĨŽƌĞŝŶĐŽŵĞƚĂdž  ϮϯϮ͕ϵϱϭ ϭϮϲ͕ϳϲϴ hZZEd>//>/d/^   /ŶĐŽŵĞƚĂdžĞdžƉĞŶƐĞ ϭĂ Ͳ Ͳ dƌĂĚĞĂŶĚŽƚŚĞƌƉĂLJĂďůĞƐ ϳ Ϯϯϱ͕ϰϳϮ ϮϬϮ͕Ϯϲϯ ^ƵƌƉůƵƐͬ;ĚĞĨŝĐŝƚͿĨŽƌƚŚĞLJĞĂƌ  ϮϯϮ͕ϵϱϭ ϭϮϲ͕ϳϲϴ KƚŚĞƌ>ŝĂďŝůŝƚŝĞƐ ϴ ϱϵϯ͕ϭϰϬ ϯϬ͕ϭϲϱ    WƌŽǀŝƐŝŽŶƐ ϵ ϰϭϯ͕ϵϰϮ ϯϰϱ͕ϬϯϬ KƚŚĞƌĐŽŵƉƌĞŚĞŶƐŝǀĞŝŶĐŽŵĞ   dKd>hZZEd>//>/d/^  ϭ͕ϮϰϮ͕ϱϱϰ ϱϳϳ͕ϰϱϴ KƚŚĞƌĐŽŵƉƌĞŚĞŶƐŝǀĞŝŶĐŽŵĞĨŽƌƚŚĞLJĞĂƌ  Ͳ Ͳ dKd>>//>/d/^  ϭ͕ϮϰϮ͕ϱϱϰ ϱϳϳ͕ϰϱϴ dŽƚĂůĐŽŵƉƌĞŚĞŶƐŝǀĞŝŶĐŽŵĞĂƚƚƌŝďƵƚĂďůĞƚŽŵĞŵďĞƌƐŽĨƚŚĞ ĞŶƚŝƚLJĨŽƌƚŚĞLJĞĂƌ  ϮϯϮ͕ϵϱϭ ϭϮϲ͕ϳϲϴ Ed^^d^  ϴ͕ϯϮϬ͕ϭϭϮ ϴ͕Ϭϴϳ͕ϭϲϭ    Yh/dz      ZĞƐĞƌǀĞƐ ϭϬ Ϯϲϴ͕ϵϭϲ Ϯϲϴ͕ϵϭϲ    ZĞƚĂŝŶĞĚĞĂƌŶŝŶŐƐ  ϴ͕Ϭϱϭ͕ϭϵϲ ϳ͕ϴϭϴ͕Ϯϰϱ    dKd>Yh/dz  ϴ͕ϯϮϬ͕ϭϭϮ ϴ͕Ϭϴϳ͕ϭϲϭ                                           dŚĞĂĐĐŽŵƉĂŶLJŝŶŐŶŽƚĞƐĨŽƌŵƉĂƌƚŽĨƚŚĞƐĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘   dŚĞĂĐĐŽŵƉĂŶLJŝŶŐŶŽƚĞƐĨŽƌŵƉĂƌƚŽĨƚŚĞƐĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘

ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϱ ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϲ 685)/,)(6$9,1*6287+$8675$/,$,1& 685)/,)(6$9,1*6287+$8675$/,$,1&      ^ddDEdK&,E'^/EYh/dz &KZd,zZEϯϬ:hEϮϬϭϴ ^ddDEdK&^,&>Kt^ &KZd,zZEϯϬ:hEϮϬϭϴ         ZĞƐĞƌǀĞƐ ZĞƚĂŝŶĞĚĂƌŶŝŶŐƐ dŽƚĂů  EŽƚĞ ϮϬϭϴ ϮϬϭϳ EŽƚĞ Ψ Ψ Ψ Ψ Ψ ĂůĂŶĐĞĂƚϭ:ƵůLJϮϬϭϲ  Ϯϲϴ͕ϵϭϲ ϳ͕ϲϵϭ͕ϰϳϳ ϳ͕ϵϲϬ͕ϯϵϯ ^,&>Kt^&ZKDKWZd/E'd/s/d/^    ŽŵƉƌĞŚĞŶƐŝǀĞŝŶĐŽŵĞ    'ƌĂŶƚŝŶĐŽŵĞ  ϭ͕ϵϰϱ͕ϯϲϱ ϭ͕Ϯϭϭ͕ϲϲϮ EĞƚƐƵƌƉůƵƐĨŽƌƚŚĞLJĞĂƌ  Ͳ ϭϮϲ͕ϳϲϴ ϭϮϲ͕ϳϲϴ ZĞĐĞŝƉƚƐĨƌŽŵŽƚŚĞƌƐŽƵƌĐĞƐ  ϭ͕ϳϮϱ͕ϯϵϰ ϭ͕ϱϱϰ͕ϴϲϮ ĂůĂŶĐĞĂƚϯϬ:ƵŶĞϮϬϭϳ  Ϯϲϴ͕ϵϭϲ ϳ͕ϴϭϴ͕Ϯϰϱ ϴ͕Ϭϴϳ͕ϭϲϭ ZĞĐĞŝƉƚƐĨƌŽŵƉƌŽŐƌĂŵƐĂŶĚĞǀĞŶƚƐ  ϭ͕ϯϰϰ͕ϵϱϰ ϭ͕Ϯϰϰ͕ϳϰϮ     /ŶƚĞƌĞƐƚƌĞĐĞŝǀĞĚ  ϭϮ͕ϳϴϰ ϭϱ͕ϴϴϴ ĂůĂŶĐĞĂƚϭ:ƵůLJϮϬϭϳ  Ϯϲϴ͕ϵϭϲ ϳ͕ϴϭϴ͕Ϯϰϱ ϴ͕Ϭϴϳ͕ϭϲϭ WĂLJŵĞŶƚƐƚŽƐƵƉƉůŝĞƌƐĂŶĚĞŵƉůŽLJĞĞƐ  ;ϯ͕ϳϱϰ͕ϮϴϴͿ ;ϯ͕ϱϴϳ͕ϰϬϲͿ ŽŵƉƌĞŚĞŶƐŝǀĞŝŶĐŽŵĞ    WĂLJŵĞŶƚƐƚŽĐůƵďƐ  ;ϰϮ͕ϱϬϬͿ ;ϰϮ͕ϱϬϬͿ EĞƚƐƵƌƉůƵƐĨŽƌƚŚĞLJĞĂƌ  Ͳ ϮϯϮ͕ϵϱϭ ϮϯϮ͕ϵϱϭ EĞƚĐĂƐŚŐĞŶĞƌĂƚĞĚĨƌŽŵŽƉĞƌĂƚŝŶŐĂĐƚŝǀŝƚŝĞƐ  ϭ͕Ϯϯϭ͕ϳϬϵ ϯϵϳ͕Ϯϰϴ ĂůĂŶĐĞĂƚϯϬ:ƵŶĞϮϬϭϴ  Ϯϲϴ͕ϵϭϲ ϴ͕Ϭϱϭ͕ϭϵϲ ϴ͕ϯϮϬ͕ϭϭϮ     ^,&>Kt^&ZKD/Es^d/E'd/s/d/^     WƌŽĐĞĞĚƐĨƌŽŵƐĂůĞŽĨƉƌŽƉĞƌƚLJ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ  ϴ͕ϬϬϵ ϴϵ͕ϬϬϱ  WƵƌĐŚĂƐĞŽĨƉƌŽƉĞƌƚLJ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ  ;ϯϳϰ͕ϯϰϱͿ ;ϯϬϲ͕ϰϳϲͿ  EĞƚĐĂƐŚƵƐĞĚŝŶŝŶǀĞƐƚŝŶŐĂĐƚŝǀŝƚŝĞƐ  ;ϯϲϲ͕ϯϯϲͿ ;Ϯϭϳ͕ϰϳϭͿ      EĞƚŝŶĐƌĞĂƐĞŝŶĐĂƐŚŚĞůĚ  ϴϲϱ͕ϯϳϯ ϭϳϵ͕ϳϳϳ  ĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐĂƚďĞŐŝŶŶŝŶŐŽĨĨŝŶĂŶĐŝĂůLJĞĂƌ  Ϯ͕ϱϵϮ͕Ϯϲϭ Ϯ͕ϰϭϮ͕ϰϴϰ  ĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐĂƚĞŶĚŽĨĨŝŶĂŶĐŝĂůLJĞĂƌ ϰ ϯ͕ϰϱϳ͕ϲϯϰ Ϯ͕ϱϵϮ͕Ϯϲϭ                               dŚĞĂĐĐŽŵƉĂŶLJŝŶŐŶŽƚĞƐĨŽƌŵƉĂƌƚŽĨƚŚĞƐĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘     dŚĞĂĐĐŽŵƉĂŶLJŝŶŐŶŽƚĞƐĨŽƌŵƉĂƌƚŽĨƚŚĞƐĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘ 

ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϳ ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϴ 685)/,)(6$9,1*6287+$8675$/,$,1& 685)/,)(6$9,1*6287+$8675$/,$,1&      ^ddDEdK&,E'^/EYh/dz &KZd,zZEϯϬ:hEϮϬϭϴ ^ddDEdK&^,&>Kt^ &KZd,zZEϯϬ:hEϮϬϭϴ         ZĞƐĞƌǀĞƐ ZĞƚĂŝŶĞĚĂƌŶŝŶŐƐ dŽƚĂů  EŽƚĞ ϮϬϭϴ ϮϬϭϳ EŽƚĞ Ψ Ψ Ψ Ψ Ψ ĂůĂŶĐĞĂƚϭ:ƵůLJϮϬϭϲ  Ϯϲϴ͕ϵϭϲ ϳ͕ϲϵϭ͕ϰϳϳ ϳ͕ϵϲϬ͕ϯϵϯ ^,&>Kt^&ZKDKWZd/E'd/s/d/^    ŽŵƉƌĞŚĞŶƐŝǀĞŝŶĐŽŵĞ    'ƌĂŶƚŝŶĐŽŵĞ  ϭ͕ϵϰϱ͕ϯϲϱ ϭ͕Ϯϭϭ͕ϲϲϮ EĞƚƐƵƌƉůƵƐĨŽƌƚŚĞLJĞĂƌ  Ͳ ϭϮϲ͕ϳϲϴ ϭϮϲ͕ϳϲϴ ZĞĐĞŝƉƚƐĨƌŽŵŽƚŚĞƌƐŽƵƌĐĞƐ  ϭ͕ϳϮϱ͕ϯϵϰ ϭ͕ϱϱϰ͕ϴϲϮ ĂůĂŶĐĞĂƚϯϬ:ƵŶĞϮϬϭϳ  Ϯϲϴ͕ϵϭϲ ϳ͕ϴϭϴ͕Ϯϰϱ ϴ͕Ϭϴϳ͕ϭϲϭ ZĞĐĞŝƉƚƐĨƌŽŵƉƌŽŐƌĂŵƐĂŶĚĞǀĞŶƚƐ  ϭ͕ϯϰϰ͕ϵϱϰ ϭ͕Ϯϰϰ͕ϳϰϮ     /ŶƚĞƌĞƐƚƌĞĐĞŝǀĞĚ  ϭϮ͕ϳϴϰ ϭϱ͕ϴϴϴ ĂůĂŶĐĞĂƚϭ:ƵůLJϮϬϭϳ  Ϯϲϴ͕ϵϭϲ ϳ͕ϴϭϴ͕Ϯϰϱ ϴ͕Ϭϴϳ͕ϭϲϭ WĂLJŵĞŶƚƐƚŽƐƵƉƉůŝĞƌƐĂŶĚĞŵƉůŽLJĞĞƐ  ;ϯ͕ϳϱϰ͕ϮϴϴͿ ;ϯ͕ϱϴϳ͕ϰϬϲͿ ŽŵƉƌĞŚĞŶƐŝǀĞŝŶĐŽŵĞ    WĂLJŵĞŶƚƐƚŽĐůƵďƐ  ;ϰϮ͕ϱϬϬͿ ;ϰϮ͕ϱϬϬͿ EĞƚƐƵƌƉůƵƐĨŽƌƚŚĞLJĞĂƌ  Ͳ ϮϯϮ͕ϵϱϭ ϮϯϮ͕ϵϱϭ EĞƚĐĂƐŚŐĞŶĞƌĂƚĞĚĨƌŽŵŽƉĞƌĂƚŝŶŐĂĐƚŝǀŝƚŝĞƐ  ϭ͕Ϯϯϭ͕ϳϬϵ ϯϵϳ͕Ϯϰϴ ĂůĂŶĐĞĂƚϯϬ:ƵŶĞϮϬϭϴ  Ϯϲϴ͕ϵϭϲ ϴ͕Ϭϱϭ͕ϭϵϲ ϴ͕ϯϮϬ͕ϭϭϮ     ^,&>Kt^&ZKD/Es^d/E'd/s/d/^     WƌŽĐĞĞĚƐĨƌŽŵƐĂůĞŽĨƉƌŽƉĞƌƚLJ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ  ϴ͕ϬϬϵ ϴϵ͕ϬϬϱ  WƵƌĐŚĂƐĞŽĨƉƌŽƉĞƌƚLJ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ  ;ϯϳϰ͕ϯϰϱͿ ;ϯϬϲ͕ϰϳϲͿ  EĞƚĐĂƐŚƵƐĞĚŝŶŝŶǀĞƐƚŝŶŐĂĐƚŝǀŝƚŝĞƐ  ;ϯϲϲ͕ϯϯϲͿ ;Ϯϭϳ͕ϰϳϭͿ      EĞƚŝŶĐƌĞĂƐĞŝŶĐĂƐŚŚĞůĚ  ϴϲϱ͕ϯϳϯ ϭϳϵ͕ϳϳϳ  ĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐĂƚďĞŐŝŶŶŝŶŐŽĨĨŝŶĂŶĐŝĂůLJĞĂƌ  Ϯ͕ϱϵϮ͕Ϯϲϭ Ϯ͕ϰϭϮ͕ϰϴϰ  ĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐĂƚĞŶĚŽĨĨŝŶĂŶĐŝĂůLJĞĂƌ ϰ ϯ͕ϰϱϳ͕ϲϯϰ Ϯ͕ϱϵϮ͕Ϯϲϭ                               dŚĞĂĐĐŽŵƉĂŶLJŝŶŐŶŽƚĞƐĨŽƌŵƉĂƌƚŽĨƚŚĞƐĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘     dŚĞĂĐĐŽŵƉĂŶLJŝŶŐŶŽƚĞƐĨŽƌŵƉĂƌƚŽĨƚŚĞƐĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ͘ 

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 >ĞĂƐĞƐŽĨĨŝdžĞĚĂƐƐĞƚƐ͕ǁŚĞƌĞƐƵďƐƚĂŶƚŝĂůůLJĂůůƚŚĞƌŝƐŬƐĂŶĚďĞŶĞĨŝƚƐŝŶĐŝĚĞŶƚĂůƚŽƚŚĞŽǁŶĞƌƐŚŝƉŽĨƚŚĞĂƐƐĞƚ;ďƵƚŶŽƚƚŚĞ   ,ĞůĚͲƚŽͲŵĂƚƵƌŝƚLJŝŶǀĞƐƚŵĞŶƚƐĂƌĞŶŽŶͲĚĞƌŝǀĂƚŝǀĞĨŝŶĂŶĐŝĂůĂƐƐĞƚƐƚŚĂƚŚĂǀĞĨŝdžĞĚŵĂƚƵƌŝƚŝĞƐĂŶĚĨŝdžĞĚŽƌ ůĞŐĂůŽǁŶĞƌƐŚŝƉͿĂƌĞƚƌĂŶƐĨĞƌƌĞĚƚŽ^>^^͕ĂƌĞĐůĂƐƐŝĨŝĞĚĂƐĨŝŶĂŶĐĞůĞĂƐĞƐ͘ ĚĞƚĞƌŵŝŶĂďůĞƉĂLJŵĞŶƚƐ͕ĂŶĚŝƚŝƐ^>^^͛ƐŝŶƚĞŶƚŝŽŶƚŽŚŽůĚƚŚĞƐĞŝŶǀĞƐƚŵĞŶƚƐƚŽŵĂƚƵƌŝƚLJ͘dŚĞLJĂƌĞƐƵďƐĞƋƵĞŶƚůLJ  &ŝŶĂŶĐĞůĞĂƐĞƐĂƌĞĐĂƉŝƚĂůŝƐĞĚďLJƌĞĐŽŐŶŝƐŝŶŐĂŶĂƐƐĞƚĂŶĚĂůŝĂďŝůŝƚLJĂƚƚŚĞůŽǁĞƌŽĨƚŚĞĂŵŽƵŶƚĞƋƵĂůƚŽƚŚĞĨĂŝƌǀĂůƵĞŽĨ ŵĞĂƐƵƌĞĚĂƚĂŵŽƌƚŝƐĞĚĐŽƐƚ͘'ĂŝŶƐŽƌůŽƐƐĞƐĂƌĞƌĞĐŽŐŶŝƐĞĚŝŶƉƌŽĨŝƚŽƌůŽƐƐƚŚƌŽƵŐŚƚŚĞĂŵŽƌƚŝƐĂƚŝŽŶƉƌŽĐĞƐƐ ƚŚĞůĞĂƐĞĚƉƌŽƉĞƌƚLJŽƌƚŚĞƉƌĞƐĞŶƚǀĂůƵĞŽĨƚŚĞŵŝŶŝŵƵŵůĞĂƐĞƉĂLJŵĞŶƚƐ͕ŝŶĐůƵĚŝŶŐĂŶLJŐƵĂƌĂŶƚĞĞĚƌĞƐŝĚƵĂůǀĂůƵĞƐ͘>ĞĂƐĞ ĂŶĚǁŚĞŶƚŚĞĨŝŶĂŶĐŝĂůĂƐƐĞƚŝƐĚĞƌĞĐŽŐŶŝƐĞĚ͘ ƉĂLJŵĞŶƚƐĂƌĞĂůůŽĐĂƚĞĚďĞƚǁĞĞŶƚŚĞƌĞĚƵĐƚŝŽŶŽĨƚŚĞůĞĂƐĞůŝĂďŝůŝƚLJĂŶĚƚŚĞůĞĂƐĞŝŶƚĞƌĞƐƚĞdžƉĞŶƐĞĨŽƌƚŚĞƉĞƌŝŽĚ͘  ;ŝǀͿ ǀĂŝůĂďůĞͲĨŽƌͲƐĂůĞŝŶǀĞƐƚŵĞŶƚƐ  >ĞĂƐĞĚĂƐƐĞƚƐĂƌĞĚĞƉƌĞĐŝĂƚĞĚŽŶĂƐƚƌĂŝŐŚƚͲůŝŶĞďĂƐŝƐŽǀĞƌƚŚĞŝƌĞƐƚŝŵĂƚĞĚƵƐĞĨƵůůŝǀĞƐǁŚĞƌĞŝƚŝƐůŝŬĞůLJƚŚĂƚ^>^^ǁŝůů 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ŝŶĐŽŵĞŝƐƌĞĐůĂƐƐŝĨŝĞĚŝŶƚŽƉƌŽĨŝƚŽƌůŽƐƐ͘  &ŝŶĂŶĐŝĂůĂƐƐĞƚƐĂŶĚĨŝŶĂŶĐŝĂůůŝĂďŝůŝƚŝĞƐĂƌĞƌĞĐŽŐŶŝƐĞĚǁŚĞŶƚŚĞĞŶƚŝƚLJďĞĐŽŵĞƐĂƉĂƌƚLJƚŽƚŚĞĐŽŶƚƌĂĐƚƵĂůƉƌŽǀŝƐŝŽŶƐƚŽ ƚŚĞŝŶƐƚƌƵŵĞŶƚ͘&ŽƌĨŝŶĂŶĐŝĂůĂƐƐĞƚƐ͕ƚŚŝƐŝƐĞƋƵŝǀĂůĞŶƚƚŽƚŚĞĚĂƚĞƚŚĂƚ^>^^ĐŽŵŵŝƚƐŝƚƐĞůĨƚŽĞŝƚŚĞƌƉƵƌĐŚĂƐĞŽƌƐĞůůƚŚĞ ǀĂŝůĂďůĞͲĨŽƌͲƐĂůĞĨŝŶĂŶĐŝĂůĂƐƐĞƚƐĂƌĞĐůĂƐƐŝĨŝĞĚĂƐŶŽŶͲĐƵƌƌĞŶƚĂƐƐĞƚƐǁŚĞŶƚŚĞLJĂƌĞŶŽƚĞdžƉĞĐƚĞĚƚŽďĞƐŽůĚ ĂƐƐĞƚ;ŝĞƚƌĂĚĞĚĂƚĞĂĐĐŽƵŶƚŝŶŐŝƐĂĚŽƉƚĞĚͿ͘ ǁŝƚŚŝŶϭϮŵŽŶƚŚƐĂĨƚĞƌƚŚĞĞŶĚŽĨƚŚĞƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚ͘ůůŽƚŚĞƌĂǀĂŝůĂďůĞͲĨŽƌͲƐĂůĞĨŝŶĂŶĐŝĂůĂƐƐĞƚƐĂƌĞĐůĂƐƐŝĨŝĞĚ ĂƐĐƵƌƌĞŶƚĂƐƐĞƚƐ͘  &ŝŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐĂƌĞŝŶŝƚŝĂůůLJŵĞĂƐƵƌĞĚĂƚĨĂŝƌǀĂůƵĞƉůƵƐƚƌĂŶƐĂĐƚŝŽŶĐŽƐƚƐ͕ĞdžĐĞƉƚǁŚĞƌĞƚŚĞŝŶƐƚƌƵŵĞŶƚŝƐĐůĂƐƐŝĨŝĞĚ ͞ĂƚĨĂŝƌǀĂůƵĞƚŚƌŽƵŐŚƉƌŽĨŝƚŽƌůŽƐƐ͟ŝŶǁŚŝĐŚĐĂƐĞƚƌĂŶƐĂĐƚŝŽŶĐŽƐƚƐĂƌĞƌĞĐŽŐŶŝƐĞĚŝŵŵĞĚŝĂƚĞůLJĂƐĞdžƉĞŶƐĞƐŝŶƉƌŽĨŝƚŽƌ  ;ǀͿ &ŝŶĂŶĐŝĂůůŝĂďŝůŝƚŝĞƐ ůŽƐƐ͘   EŽŶͲĚĞƌŝǀĂƚŝǀĞĨŝŶĂŶĐŝĂůůŝĂďŝůŝƚŝĞƐĂƌĞƐƵďƐĞƋƵĞŶƚůLJŵĞĂƐƵƌĞĚĂƚĂŵŽƌƚŝƐĞĚĐŽƐƚ͘'ĂŝŶƐŽƌůŽƐƐĞƐĂƌĞƌĞĐŽŐŶŝƐĞĚ ůĂƐƐŝĨŝĐĂƚŝŽŶĂŶĚƐƵďƐĞƋƵĞŶƚŵĞĂƐƵƌĞŵĞŶƚ  ŝŶƉƌŽĨŝƚŽƌůŽƐƐƚŚƌŽƵŐŚƚŚĞĂŵŽƌƚŝƐĂƚŝŽŶƉƌŽĐĞƐƐĂŶĚǁŚĞŶƚŚĞĨŝŶĂŶĐŝĂůůŝĂďŝůŝƚLJŝƐĚĞƌĞĐŽŐŶŝƐĞĚ͘  &ŝŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐĂƌĞƐƵďƐĞƋƵĞŶƚůLJŵĞĂƐƵƌĞĚĂƚĨĂŝƌǀĂůƵĞ͕ĂŵŽƌƚŝƐĞĚĐŽƐƚƵƐŝŶŐƚŚĞĞĨĨĞĐƚŝǀĞŝŶƚĞƌĞƐƚŵĞƚŚŽĚ͕Žƌ  /ŵƉĂŝƌŵĞŶƚ ĐŽƐƚ͘  ĨŝŶĂŶĐŝĂůĂƐƐĞƚ;ŽƌĂŐƌŽƵƉŽĨĨŝŶĂŶĐŝĂůĂƐƐĞƚƐͿŝƐĚĞĞŵĞĚƚŽďĞŝŵƉĂŝƌĞĚŝĨ͕ĂŶĚŽŶůLJŝĨ͕ƚŚĞƌĞŝƐŽďũĞĐƚŝǀĞĞǀŝĚĞŶĐĞŽĨ  ŵŽƌƚŝƐĞĚĐŽƐƚŝƐĐĂůĐƵůĂƚĞĚĂƐƚŚĞĂŵŽƵŶƚĂƚǁŚŝĐŚƚŚĞĨŝŶĂŶĐŝĂůĂƐƐĞƚŽƌĨŝŶĂŶĐŝĂůůŝĂďŝůŝƚLJŝƐŵĞĂƐƵƌĞĚĂƚŝŶŝƚŝĂů ŝŵƉĂŝƌŵĞŶƚĂƐĂƌĞƐƵůƚŽĨŽŶĞŽƌŵŽƌĞĞǀĞŶƚƐ;Ă͞ůŽƐƐĞǀĞŶƚ͟ͿŚĂǀŝŶŐŽĐĐƵƌƌĞĚ͕ǁŚŝĐŚŚĂƐĂŶŝŵƉĂĐƚŽŶƚŚĞĞƐƚŝŵĂƚĞĚ ƌĞĐŽŐŶŝƚŝŽŶůĞƐƐƉƌŝŶĐŝƉĂůƌĞƉĂLJŵĞŶƚƐĂŶĚĂŶLJƌĞĚƵĐƚŝŽŶĨŽƌŝŵƉĂŝƌŵĞŶƚ͕ĂŶĚĂĚũƵƐƚĞĚĨŽƌĂŶLJĐƵŵƵůĂƚŝǀĞĂŵŽƌƚŝƐĂƚŝŽŶ ĨƵƚƵƌĞĐĂƐŚĨůŽǁƐŽĨƚŚĞĨŝŶĂŶĐŝĂůĂƐƐĞƚ;ƐͿ͘ ŽĨƚŚĞĚŝĨĨĞƌĞŶĐĞďĞƚǁĞĞŶƚŚĂƚŝŶŝƚŝĂůĂŵŽƵŶƚĂŶĚƚŚĞŵĂƚƵƌŝƚLJĂŵŽƵŶƚĐĂůĐƵůĂƚĞĚƵƐŝŶŐƚŚĞĞĨĨĞĐƚŝǀĞŝŶƚĞƌĞƐƚŵĞƚŚŽĚ͘  /ŶƚŚĞĐĂƐĞŽĨĂǀĂŝůĂďůĞͲĨŽƌͲƐĂůĞĨŝŶĂŶĐŝĂůĂƐƐĞƚƐ͕ĂƐŝŐŶŝĨŝĐĂŶƚŽƌƉƌŽůŽŶŐĞĚĚĞĐůŝŶĞŝŶƚŚĞŵĂƌŬĞƚǀĂůƵĞŽĨƚŚĞŝŶƐƚƌƵŵĞŶƚŝƐ  dŚĞĞĨĨĞĐƚŝǀĞŝŶƚĞƌĞƐƚŵĞƚŚŽĚŝƐƵƐĞĚƚŽĂůůŽĐĂƚĞŝŶƚĞƌĞƐƚŝŶĐŽŵĞŽƌŝŶƚĞƌĞƐƚĞdžƉĞŶƐĞŽǀĞƌƚŚĞƌĞůĞǀĂŶƚƉĞƌŝŽĚĂŶĚŝƐ ĐŽŶƐŝĚĞƌĞĚƚŽĐŽŶƐƚŝƚƵƚĞĂůŽƐƐĞǀĞŶƚ͘/ŵƉĂŝƌŵĞŶƚůŽƐƐĞƐĂƌĞƌĞĐŽŐŶŝƐĞĚŝŶƉƌŽĨŝƚŽƌůŽƐƐŝŵŵĞĚŝĂƚĞůLJ͘ůƐŽ͕ĂŶLJ ĞƋƵŝǀĂůĞŶƚƚŽƚŚĞƌĂƚĞƚŚĂƚĞdžĂĐƚůLJĚŝƐĐŽƵŶƚƐĞƐƚŝŵĂƚĞĚĨƵƚƵƌĞĐĂƐŚƉĂLJŵĞŶƚƐŽƌƌĞĐĞŝƉƚƐ;ŝŶĐůƵĚŝŶŐĨĞĞƐ͕ƚƌĂŶƐĂĐƚŝŽŶ ĐƵŵƵůĂƚŝǀĞĚĞĐůŝŶĞŝŶĨĂŝƌǀĂůƵĞƉƌĞǀŝŽƵƐůLJƌĞĐŽŐŶŝƐĞĚŝŶŽƚŚĞƌĐŽŵƉƌĞŚĞŶƐŝǀĞŝŶĐŽŵĞŝƐƌĞĐůĂƐƐŝĨŝĞĚŝŶƚŽƉƌŽĨŝƚŽƌůŽƐƐĂƚ ĐŽƐƚƐĂŶĚŽƚŚĞƌƉƌĞŵŝƵŵƐŽƌĚŝƐĐŽƵŶƚƐͿƚŚƌŽƵŐŚƚŚĞĞdžƉĞĐƚĞĚůŝĨĞ;ŽƌǁŚĞŶƚŚŝƐĐĂŶŶŽƚďĞƌĞůŝĂďůLJƉƌĞĚŝĐƚĞĚ͕ƚŚĞ ƚŚŝƐƉŽŝŶƚ͘ ĐŽŶƚƌĂĐƚƵĂůƚĞƌŵͿŽĨƚŚĞĨŝŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƚŽƚŚĞŶĞƚĐĂƌƌLJŝŶŐĂŵŽƵŶƚŽĨƚŚĞĨŝŶĂŶĐŝĂůĂƐƐĞƚŽƌĨŝŶĂŶĐŝĂůůŝĂďŝůŝƚLJ͘  /ŶƚŚĞĐĂƐĞŽĨĨŝŶĂŶĐŝĂůĂƐƐĞƚƐĐĂƌƌŝĞĚĂƚĂŵŽƌƚŝƐĞĚĐŽƐƚ͕ůŽƐƐĞǀĞŶƚƐŵĂLJŝŶĐůƵĚĞ͗ŝŶĚŝĐĂƚŝŽŶƐƚŚĂƚƚŚĞĚĞďƚŽƌƐŽƌĂŐƌŽƵƉŽĨ ZĞǀŝƐŝŽŶƐƚŽĞdžƉĞĐƚĞĚĨƵƚƵƌĞŶĞƚĐĂƐŚĨůŽǁƐǁŝůůŶĞĐĞƐƐŝƚĂƚĞĂŶĂĚũƵƐƚŵĞŶƚƚŽƚŚĞĐĂƌƌLJŝŶŐĂŵŽƵŶƚǁŝƚŚĂĐŽŶƐĞƋƵĞŶƚŝĂů ĚĞďƚŽƌƐĂƌĞĞdžƉĞƌŝĞŶĐŝŶŐƐŝŐŶŝĨŝĐĂŶƚĨŝŶĂŶĐŝĂůĚŝĨĨŝĐƵůƚLJ͕ĚĞĨĂƵůƚŽƌĚĞůŝŶƋƵĞŶĐLJŝŶŝŶƚĞƌĞƐƚŽƌƉƌŝŶĐŝƉĂůƉĂLJŵĞŶƚƐ͖ ƌĞĐŽŐŶŝƚŝŽŶŽĨĂŶŝŶĐŽŵĞŽƌĞdžƉĞŶƐĞŝƚĞŵŝŶƉƌŽĨŝƚŽƌůŽƐƐ͘ ŝŶĚŝĐĂƚŝŽŶƐƚŚĂƚƚŚĞLJǁŝůůĞŶƚĞƌďĂŶŬƌƵƉƚĐLJŽƌŽƚŚĞƌĨŝŶĂŶĐŝĂůƌĞŽƌŐĂŶŝƐĂƚŝŽŶ͖ĂŶĚĐŚĂŶŐĞƐŝŶĂƌƌĞĂƌƐŽƌĞĐŽŶŽŵŝĐ ĐŽŶĚŝƚŝŽŶƐƚŚĂƚĐŽƌƌĞůĂƚĞǁŝƚŚĚĞĨĂƵůƚƐ͘  ;ŝͿ &ŝŶĂŶĐŝĂůĂƐƐĞƚƐĂƚĨĂŝƌǀĂůƵĞƚŚƌŽƵŐŚƉƌŽĨŝƚŽƌůŽƐƐ  tŚĞŶƚŚĞƚĞƌŵƐŽĨĨŝŶĂŶĐŝĂůĂƐƐĞƚƐƚŚĂƚǁŽƵůĚŽƚŚĞƌǁŝƐĞŚĂǀĞďĞĞŶƉĂƐƚĚƵĞŽƌŝŵƉĂŝƌĞĚŚĂǀĞďĞĞŶƌĞŶĞŐŽƚŝĂƚĞĚ͕^>^^   &ŝŶĂŶĐŝĂůĂƐƐĞƚƐĂƌĞĐůĂƐƐŝĨŝĞĚĂƚ͞ĨĂŝƌǀĂůƵĞƚŚƌŽƵŐŚƉƌŽĨŝƚŽƌůŽƐƐ͟ǁŚĞŶƚŚĞLJĂƌĞŚĞůĚĨŽƌƚƌĂĚŝŶŐĨŽƌƚŚĞƉƵƌƉŽƐĞ ƌĞĐŽŐŶŝƐĞƐƚŚĞŝŵƉĂŝƌŵĞŶƚĨŽƌƐƵĐŚĨŝŶĂŶĐŝĂůĂƐƐĞƚƐďLJƚĂŬŝŶŐŝŶƚŽĂĐĐŽƵŶƚƚŚĞŽƌŝŐŝŶĂůƚĞƌŵƐĂƐŝĨƚŚĞƚĞƌŵƐŚĂǀĞŶŽƚďĞĞŶ ŽĨƐŚŽƌƚͲƚĞƌŵƉƌŽĨŝƚƚĂŬŝŶŐ͕ĚĞƌŝǀĂƚŝǀĞƐŶŽƚŚĞůĚĨŽƌŚĞĚŐŝŶŐƉƵƌƉŽƐĞƐ͕ŽƌǁŚĞŶƚŚĞLJĂƌĞĚĞƐŝŐŶĂƚĞĚĂƐƐƵĐŚƚŽ ƌĞŶĞŐŽƚŝĂƚĞĚƐŽƚŚĂƚƚŚĞůŽƐƐĞǀĞŶƚƐƚŚĂƚŚĂǀĞŽĐĐƵƌƌĞĚĂƌĞĚƵůLJĐŽŶƐŝĚĞƌĞĚ͘ ĂǀŽŝĚĂŶĂĐĐŽƵŶƚŝŶŐŵŝƐŵĂƚĐŚŽƌƚŽĞŶĂďůĞƉĞƌĨŽƌŵĂŶĐĞĞǀĂůƵĂƚŝŽŶǁŚĞƌĞĂŐƌŽƵƉŽĨĨŝŶĂŶĐŝĂůĂƐƐĞƚƐŝƐ  ĞƌĞĐŽŐŶŝƚŝŽŶ ŵĂŶĂŐĞĚďLJŬĞLJŵĂŶĂŐĞŵĞŶƚƉĞƌƐŽŶŶĞůŽŶĂĨĂŝƌǀĂůƵĞďĂƐŝƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚĂĚŽĐƵŵĞŶƚĞĚƌŝƐŬ ŵĂŶĂŐĞŵĞŶƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚƌĂƚĞŐLJ͘^ƵĐŚĂƐƐĞƚƐĂƌĞƐƵďƐĞƋƵĞŶƚůLJŵĞĂƐƵƌĞĚĂƚĨĂŝƌǀĂůƵĞǁŝƚŚĐŚĂŶŐĞƐŝŶ  &ŝŶĂŶĐŝĂůĂƐƐĞƚƐĂƌĞĚĞƌĞĐŽŐŶŝƐĞĚǁŚĞŶƚŚĞĐŽŶƚƌĂĐƚƵĂůƌŝŐŚƚƚŽƌĞĐĞŝƉƚŽĨĐĂƐŚĨůŽǁƐĞdžƉŝƌĞƐŽƌƚŚĞĂƐƐĞƚŝƐƚƌĂŶƐĨĞƌƌĞĚƚŽ ĐĂƌƌLJŝŶŐĂŵŽƵŶƚďĞŝŶŐŝŶĐůƵĚĞĚŝŶƉƌŽĨŝƚŽƌůŽƐƐ͘ ĂŶŽƚŚĞƌƉĂƌƚLJǁŚĞƌĞďLJƚŚĞĞŶƚŝƚLJŶŽůŽŶŐĞƌŚĂƐĂŶLJƐŝŐŶŝĨŝĐĂŶƚĐŽŶƚŝŶƵŝŶŐŝŶǀŽůǀĞŵĞŶƚŝŶƚŚĞƌŝƐŬƐĂŶĚďĞŶĞĨŝƚƐ 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 >ĞĂƐĞƐŽĨĨŝdžĞĚĂƐƐĞƚƐ͕ǁŚĞƌĞƐƵďƐƚĂŶƚŝĂůůLJĂůůƚŚĞƌŝƐŬƐĂŶĚďĞŶĞĨŝƚƐŝŶĐŝĚĞŶƚĂůƚŽƚŚĞŽǁŶĞƌƐŚŝƉŽĨƚŚĞĂƐƐĞƚ;ďƵƚŶŽƚƚŚĞ   ,ĞůĚͲƚŽͲŵĂƚƵƌŝƚLJŝŶǀĞƐƚŵĞŶƚƐĂƌĞŶŽŶͲĚĞƌŝǀĂƚŝǀĞĨŝŶĂŶĐŝĂůĂƐƐĞƚƐƚŚĂƚŚĂǀĞĨŝdžĞĚŵĂƚƵƌŝƚŝĞƐĂŶĚĨŝdžĞĚŽƌ ůĞŐĂůŽǁŶĞƌƐŚŝƉͿĂƌĞƚƌĂŶƐĨĞƌƌĞĚƚŽ^>^^͕ĂƌĞĐůĂƐƐŝĨŝĞĚĂƐĨŝŶĂŶĐĞůĞĂƐĞƐ͘ ĚĞƚĞƌŵŝŶĂďůĞƉĂLJŵĞŶƚƐ͕ĂŶĚŝƚŝƐ^>^^͛ƐŝŶƚĞŶƚŝŽŶƚŽŚŽůĚƚŚĞƐĞŝŶǀĞƐƚŵĞŶƚƐƚŽŵĂƚƵƌŝƚLJ͘dŚĞLJĂƌĞƐƵďƐĞƋƵĞŶƚůLJ  &ŝŶĂŶĐĞůĞĂƐĞƐĂƌĞĐĂƉŝƚĂůŝƐĞĚďLJƌĞĐŽŐŶŝƐŝŶŐĂŶĂƐƐĞƚĂŶĚĂůŝĂďŝůŝƚLJĂƚƚŚĞůŽǁĞƌŽĨƚŚĞĂŵŽƵŶƚĞƋƵĂůƚŽƚŚĞĨĂŝƌǀĂůƵĞŽĨ ŵĞĂƐƵƌĞĚĂƚĂŵŽƌƚŝƐĞĚĐŽƐƚ͘'ĂŝŶƐŽƌůŽƐƐĞƐĂƌĞƌĞĐŽŐŶŝƐĞĚŝŶƉƌŽĨŝƚŽƌůŽƐƐƚŚƌŽƵŐŚƚŚĞĂŵŽƌƚŝƐĂƚŝŽŶƉƌŽĐĞƐƐ ƚŚĞůĞĂƐĞĚƉƌŽƉĞƌƚLJŽƌƚŚĞƉƌĞƐĞŶƚǀĂůƵĞŽĨƚŚĞŵŝŶŝŵƵŵůĞĂƐĞƉĂLJŵĞŶƚƐ͕ŝŶĐůƵĚŝŶŐĂŶLJŐƵĂƌĂŶƚĞĞĚƌĞƐŝĚƵĂůǀĂůƵĞƐ͘>ĞĂƐĞ ĂŶĚǁŚĞŶƚŚĞĨŝŶĂŶĐŝĂůĂƐƐĞƚŝƐĚĞƌĞĐŽŐŶŝƐĞĚ͘ ƉĂLJŵĞŶƚƐĂƌĞĂůůŽĐĂƚĞĚďĞƚǁĞĞŶƚŚĞƌĞĚƵĐƚŝŽŶŽĨƚŚĞůĞĂƐĞůŝĂďŝůŝƚLJĂŶĚƚŚĞůĞĂƐĞŝŶƚĞƌĞƐƚĞdžƉĞŶƐĞĨŽƌƚŚĞƉĞƌŝŽĚ͘  ;ŝǀͿ ǀĂŝůĂďůĞͲĨŽƌͲƐĂůĞŝŶǀĞƐƚŵĞŶƚƐ  >ĞĂƐĞĚĂƐƐĞƚƐĂƌĞĚĞƉƌĞĐŝĂƚĞĚŽŶĂƐƚƌĂŝŐŚƚͲůŝŶĞďĂƐŝƐŽǀĞƌƚŚĞŝƌĞƐƚŝŵĂƚĞĚƵƐĞĨƵůůŝǀĞƐǁŚĞƌĞŝƚŝƐůŝŬĞůLJƚŚĂƚ^>^^ǁŝůů 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ŝŶĐŽŵĞŝƐƌĞĐůĂƐƐŝĨŝĞĚŝŶƚŽƉƌŽĨŝƚŽƌůŽƐƐ͘  &ŝŶĂŶĐŝĂůĂƐƐĞƚƐĂŶĚĨŝŶĂŶĐŝĂůůŝĂďŝůŝƚŝĞƐĂƌĞƌĞĐŽŐŶŝƐĞĚǁŚĞŶƚŚĞĞŶƚŝƚLJďĞĐŽŵĞƐĂƉĂƌƚLJƚŽƚŚĞĐŽŶƚƌĂĐƚƵĂůƉƌŽǀŝƐŝŽŶƐƚŽ ƚŚĞŝŶƐƚƌƵŵĞŶƚ͘&ŽƌĨŝŶĂŶĐŝĂůĂƐƐĞƚƐ͕ƚŚŝƐŝƐĞƋƵŝǀĂůĞŶƚƚŽƚŚĞĚĂƚĞƚŚĂƚ^>^^ĐŽŵŵŝƚƐŝƚƐĞůĨƚŽĞŝƚŚĞƌƉƵƌĐŚĂƐĞŽƌƐĞůůƚŚĞ ǀĂŝůĂďůĞͲĨŽƌͲƐĂůĞĨŝŶĂŶĐŝĂůĂƐƐĞƚƐĂƌĞĐůĂƐƐŝĨŝĞĚĂƐŶŽŶͲĐƵƌƌĞŶƚĂƐƐĞƚƐǁŚĞŶƚŚĞLJĂƌĞŶŽƚĞdžƉĞĐƚĞĚƚŽďĞƐŽůĚ ĂƐƐĞƚ;ŝĞƚƌĂĚĞĚĂƚĞĂĐĐŽƵŶƚŝŶŐŝƐĂĚŽƉƚĞĚͿ͘ ǁŝƚŚŝŶϭϮŵŽŶƚŚƐĂĨƚĞƌƚŚĞĞŶĚŽĨƚŚĞƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚ͘ůůŽƚŚĞƌĂǀĂŝůĂďůĞͲĨŽƌͲƐĂůĞĨŝŶĂŶĐŝĂůĂƐƐĞƚƐĂƌĞĐůĂƐƐŝĨŝĞĚ ĂƐĐƵƌƌĞŶƚĂƐƐĞƚƐ͘  &ŝŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐĂƌĞŝŶŝƚŝĂůůLJŵĞĂƐƵƌĞĚĂƚĨĂŝƌǀĂůƵĞƉůƵƐƚƌĂŶƐĂĐƚŝŽŶĐŽƐƚƐ͕ĞdžĐĞƉƚǁŚĞƌĞƚŚĞŝŶƐƚƌƵŵĞŶƚŝƐĐůĂƐƐŝĨŝĞĚ ͞ĂƚĨĂŝƌǀĂůƵĞƚŚƌŽƵŐŚƉƌŽĨŝƚŽƌůŽƐƐ͟ŝŶǁŚŝĐŚĐĂƐĞƚƌĂŶƐĂĐƚŝŽŶĐŽƐƚƐĂƌĞƌĞĐŽŐŶŝƐĞĚŝŵŵĞĚŝĂƚĞůLJĂƐĞdžƉĞŶƐĞƐŝŶƉƌŽĨŝƚŽƌ  ;ǀͿ &ŝŶĂŶĐŝĂůůŝĂďŝůŝƚŝĞƐ ůŽƐƐ͘   EŽŶͲĚĞƌŝǀĂƚŝǀĞĨŝŶĂŶĐŝĂůůŝĂďŝůŝƚŝĞƐĂƌĞƐƵďƐĞƋƵĞŶƚůLJŵĞĂƐƵƌĞĚĂƚĂŵŽƌƚŝƐĞĚĐŽƐƚ͘'ĂŝŶƐŽƌůŽƐƐĞƐĂƌĞƌĞĐŽŐŶŝƐĞĚ ůĂƐƐŝĨŝĐĂƚŝŽŶĂŶĚƐƵďƐĞƋƵĞŶƚŵĞĂƐƵƌĞŵĞŶƚ  ŝŶƉƌŽĨŝƚŽƌůŽƐƐƚŚƌŽƵŐŚƚŚĞĂŵŽƌƚŝƐĂƚŝŽŶƉƌŽĐĞƐƐĂŶĚǁŚĞŶƚŚĞĨŝŶĂŶĐŝĂůůŝĂďŝůŝƚLJŝƐĚĞƌĞĐŽŐŶŝƐĞĚ͘  &ŝŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƐĂƌĞƐƵďƐĞƋƵĞŶƚůLJŵĞĂƐƵƌĞĚĂƚĨĂŝƌǀĂůƵĞ͕ĂŵŽƌƚŝƐĞĚĐŽƐƚƵƐŝŶŐƚŚĞĞĨĨĞĐƚŝǀĞŝŶƚĞƌĞƐƚŵĞƚŚŽĚ͕Žƌ  /ŵƉĂŝƌŵĞŶƚ ĐŽƐƚ͘  ĨŝŶĂŶĐŝĂůĂƐƐĞƚ;ŽƌĂŐƌŽƵƉŽĨĨŝŶĂŶĐŝĂůĂƐƐĞƚƐͿŝƐĚĞĞŵĞĚƚŽďĞŝŵƉĂŝƌĞĚŝĨ͕ĂŶĚŽŶůLJŝĨ͕ƚŚĞƌĞŝƐŽďũĞĐƚŝǀĞĞǀŝĚĞŶĐĞŽĨ  ŵŽƌƚŝƐĞĚĐŽƐƚŝƐĐĂůĐƵůĂƚĞĚĂƐƚŚĞĂŵŽƵŶƚĂƚǁŚŝĐŚƚŚĞĨŝŶĂŶĐŝĂůĂƐƐĞƚŽƌĨŝŶĂŶĐŝĂůůŝĂďŝůŝƚLJŝƐŵĞĂƐƵƌĞĚĂƚŝŶŝƚŝĂů ŝŵƉĂŝƌŵĞŶƚĂƐĂƌĞƐƵůƚŽĨŽŶĞŽƌŵŽƌĞĞǀĞŶƚƐ;Ă͞ůŽƐƐĞǀĞŶƚ͟ͿŚĂǀŝŶŐŽĐĐƵƌƌĞĚ͕ǁŚŝĐŚŚĂƐĂŶŝŵƉĂĐƚŽŶƚŚĞĞƐƚŝŵĂƚĞĚ ƌĞĐŽŐŶŝƚŝŽŶůĞƐƐƉƌŝŶĐŝƉĂůƌĞƉĂLJŵĞŶƚƐĂŶĚĂŶLJƌĞĚƵĐƚŝŽŶĨŽƌŝŵƉĂŝƌŵĞŶƚ͕ĂŶĚĂĚũƵƐƚĞĚĨŽƌĂŶLJĐƵŵƵůĂƚŝǀĞĂŵŽƌƚŝƐĂƚŝŽŶ ĨƵƚƵƌĞĐĂƐŚĨůŽǁƐŽĨƚŚĞĨŝŶĂŶĐŝĂůĂƐƐĞƚ;ƐͿ͘ ŽĨƚŚĞĚŝĨĨĞƌĞŶĐĞďĞƚǁĞĞŶƚŚĂƚŝŶŝƚŝĂůĂŵŽƵŶƚĂŶĚƚŚĞŵĂƚƵƌŝƚLJĂŵŽƵŶƚĐĂůĐƵůĂƚĞĚƵƐŝŶŐƚŚĞĞĨĨĞĐƚŝǀĞŝŶƚĞƌĞƐƚŵĞƚŚŽĚ͘  /ŶƚŚĞĐĂƐĞŽĨĂǀĂŝůĂďůĞͲĨŽƌͲƐĂůĞĨŝŶĂŶĐŝĂůĂƐƐĞƚƐ͕ĂƐŝŐŶŝĨŝĐĂŶƚŽƌƉƌŽůŽŶŐĞĚĚĞĐůŝŶĞŝŶƚŚĞŵĂƌŬĞƚǀĂůƵĞŽĨƚŚĞŝŶƐƚƌƵŵĞŶƚŝƐ  dŚĞĞĨĨĞĐƚŝǀĞŝŶƚĞƌĞƐƚŵĞƚŚŽĚŝƐƵƐĞĚƚŽĂůůŽĐĂƚĞŝŶƚĞƌĞƐƚŝŶĐŽŵĞŽƌŝŶƚĞƌĞƐƚĞdžƉĞŶƐĞŽǀĞƌƚŚĞƌĞůĞǀĂŶƚƉĞƌŝŽĚĂŶĚŝƐ ĐŽŶƐŝĚĞƌĞĚƚŽĐŽŶƐƚŝƚƵƚĞĂůŽƐƐĞǀĞŶƚ͘/ŵƉĂŝƌŵĞŶƚůŽƐƐĞƐĂƌĞƌĞĐŽŐŶŝƐĞĚŝŶƉƌŽĨŝƚŽƌůŽƐƐŝŵŵĞĚŝĂƚĞůLJ͘ůƐŽ͕ĂŶLJ ĞƋƵŝǀĂůĞŶƚƚŽƚŚĞƌĂƚĞƚŚĂƚĞdžĂĐƚůLJĚŝƐĐŽƵŶƚƐĞƐƚŝŵĂƚĞĚĨƵƚƵƌĞĐĂƐŚƉĂLJŵĞŶƚƐŽƌƌĞĐĞŝƉƚƐ;ŝŶĐůƵĚŝŶŐĨĞĞƐ͕ƚƌĂŶƐĂĐƚŝŽŶ ĐƵŵƵůĂƚŝǀĞĚĞĐůŝŶĞŝŶĨĂŝƌǀĂůƵĞƉƌĞǀŝŽƵƐůLJƌĞĐŽŐŶŝƐĞĚŝŶŽƚŚĞƌĐŽŵƉƌĞŚĞŶƐŝǀĞŝŶĐŽŵĞŝƐƌĞĐůĂƐƐŝĨŝĞĚŝŶƚŽƉƌŽĨŝƚŽƌůŽƐƐĂƚ ĐŽƐƚƐĂŶĚŽƚŚĞƌƉƌĞŵŝƵŵƐŽƌĚŝƐĐŽƵŶƚƐͿƚŚƌŽƵŐŚƚŚĞĞdžƉĞĐƚĞĚůŝĨĞ;ŽƌǁŚĞŶƚŚŝƐĐĂŶŶŽƚďĞƌĞůŝĂďůLJƉƌĞĚŝĐƚĞĚ͕ƚŚĞ ƚŚŝƐƉŽŝŶƚ͘ ĐŽŶƚƌĂĐƚƵĂůƚĞƌŵͿŽĨƚŚĞĨŝŶĂŶĐŝĂůŝŶƐƚƌƵŵĞŶƚƚŽƚŚĞŶĞƚĐĂƌƌLJŝŶŐĂŵŽƵŶƚŽĨƚŚĞĨŝŶĂŶĐŝĂůĂƐƐĞƚŽƌĨŝŶĂŶĐŝĂůůŝĂďŝůŝƚLJ͘  /ŶƚŚĞĐĂƐĞŽĨĨŝŶĂŶĐŝĂůĂƐƐĞƚƐĐĂƌƌŝĞĚĂƚĂŵŽƌƚŝƐĞĚĐŽƐƚ͕ůŽƐƐĞǀĞŶƚƐŵĂLJŝŶĐůƵĚĞ͗ŝŶĚŝĐĂƚŝŽŶƐƚŚĂƚƚŚĞĚĞďƚŽƌƐŽƌĂŐƌŽƵƉŽĨ ZĞǀŝƐŝŽŶƐƚŽĞdžƉĞĐƚĞĚĨƵƚƵƌĞŶĞƚĐĂƐŚĨůŽǁƐǁŝůůŶĞĐĞƐƐŝƚĂƚĞĂŶĂĚũƵƐƚŵĞŶƚƚŽƚŚĞĐĂƌƌLJŝŶŐĂŵŽƵŶƚǁŝƚŚĂĐŽŶƐĞƋƵĞŶƚŝĂů ĚĞďƚŽƌƐĂƌĞĞdžƉĞƌŝĞŶĐŝŶŐƐŝŐŶŝĨŝĐĂŶƚĨŝŶĂŶĐŝĂůĚŝĨĨŝĐƵůƚLJ͕ĚĞĨĂƵůƚŽƌĚĞůŝŶƋƵĞŶĐLJŝŶŝŶƚĞƌĞƐƚŽƌƉƌŝŶĐŝƉĂůƉĂLJŵĞŶƚƐ͖ ƌĞĐŽŐŶŝƚŝŽŶŽĨĂŶŝŶĐŽŵĞŽƌĞdžƉĞŶƐĞŝƚĞŵŝŶƉƌŽĨŝƚŽƌůŽƐƐ͘ ŝŶĚŝĐĂƚŝŽŶƐƚŚĂƚƚŚĞLJǁŝůůĞŶƚĞƌďĂŶŬƌƵƉƚĐLJŽƌŽƚŚĞƌĨŝŶĂŶĐŝĂůƌĞŽƌŐĂŶŝƐĂƚŝŽŶ͖ĂŶĚĐŚĂŶŐĞƐŝŶĂƌƌĞĂƌƐŽƌĞĐŽŶŽŵŝĐ ĐŽŶĚŝƚŝŽŶƐƚŚĂƚĐŽƌƌĞůĂƚĞǁŝƚŚĚĞĨĂƵůƚƐ͘  ;ŝͿ &ŝŶĂŶĐŝĂůĂƐƐĞƚƐĂƚĨĂŝƌǀĂůƵĞƚŚƌŽƵŐŚƉƌŽĨŝƚŽƌůŽƐƐ  tŚĞŶƚŚĞƚĞƌŵƐŽĨĨŝŶĂŶĐŝĂůĂƐƐĞƚƐƚŚĂƚǁŽƵůĚŽƚŚĞƌǁŝƐĞŚĂǀĞďĞĞŶƉĂƐƚĚƵĞŽƌŝŵƉĂŝƌĞĚŚĂǀĞďĞĞŶƌĞŶĞŐŽƚŝĂƚĞĚ͕^>^^   &ŝŶĂŶĐŝĂůĂƐƐĞƚƐĂƌĞĐůĂƐƐŝĨŝĞĚĂƚ͞ĨĂŝƌǀĂůƵĞƚŚƌŽƵŐŚƉƌŽĨŝƚŽƌůŽƐƐ͟ǁŚĞŶƚŚĞLJĂƌĞŚĞůĚĨŽƌƚƌĂĚŝŶŐĨŽƌƚŚĞƉƵƌƉŽƐĞ ƌĞĐŽŐŶŝƐĞƐƚŚĞŝŵƉĂŝƌŵĞŶƚĨŽƌƐƵĐŚĨŝŶĂŶĐŝĂůĂƐƐĞƚƐďLJƚĂŬŝŶŐŝŶƚŽĂĐĐŽƵŶƚƚŚĞŽƌŝŐŝŶĂůƚĞƌŵƐĂƐŝĨƚŚĞƚĞƌŵƐŚĂǀĞŶŽƚďĞĞŶ ŽĨƐŚŽƌƚͲƚĞƌŵƉƌŽĨŝƚƚĂŬŝŶŐ͕ĚĞƌŝǀĂƚŝǀĞƐŶŽƚŚĞůĚĨŽƌŚĞĚŐŝŶŐƉƵƌƉŽƐĞƐ͕ŽƌǁŚĞŶƚŚĞLJĂƌĞĚĞƐŝŐŶĂƚĞĚĂƐƐƵĐŚƚŽ ƌĞŶĞŐŽƚŝĂƚĞĚƐŽƚŚĂƚƚŚĞůŽƐƐĞǀĞŶƚƐƚŚĂƚŚĂǀĞŽĐĐƵƌƌĞĚĂƌĞĚƵůLJĐŽŶƐŝĚĞƌĞĚ͘ ĂǀŽŝĚĂŶĂĐĐŽƵŶƚŝŶŐŵŝƐŵĂƚĐŚŽƌƚŽĞŶĂďůĞƉĞƌĨŽƌŵĂŶĐĞĞǀĂůƵĂƚŝŽŶǁŚĞƌĞĂŐƌŽƵƉŽĨĨŝŶĂŶĐŝĂůĂƐƐĞƚƐŝƐ  ĞƌĞĐŽŐŶŝƚŝŽŶ ŵĂŶĂŐĞĚďLJŬĞLJŵĂŶĂŐĞŵĞŶƚƉĞƌƐŽŶŶĞůŽŶĂĨĂŝƌǀĂůƵĞďĂƐŝƐŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚĂĚŽĐƵŵĞŶƚĞĚƌŝƐŬ ŵĂŶĂŐĞŵĞŶƚŽƌŝŶǀĞƐƚŵĞŶƚƐƚƌĂƚĞŐLJ͘^ƵĐŚĂƐƐĞƚƐĂƌĞƐƵďƐĞƋƵĞŶƚůLJŵĞĂƐƵƌĞĚĂƚĨĂŝƌǀĂůƵĞǁŝƚŚĐŚĂŶŐĞƐŝŶ  &ŝŶĂŶĐŝĂůĂƐƐĞƚƐĂƌĞĚĞƌĞĐŽŐŶŝƐĞĚǁŚĞŶƚŚĞĐŽŶƚƌĂĐƚƵĂůƌŝŐŚƚƚŽƌĞĐĞŝƉƚŽĨĐĂƐŚĨůŽǁƐĞdžƉŝƌĞƐŽƌƚŚĞĂƐƐĞƚŝƐƚƌĂŶƐĨĞƌƌĞĚƚŽ ĐĂƌƌLJŝŶŐĂŵŽƵŶƚďĞŝŶŐŝŶĐůƵĚĞĚŝŶƉƌŽĨŝƚŽƌůŽƐƐ͘ ĂŶŽƚŚĞƌƉĂƌƚLJǁŚĞƌĞďLJƚŚĞĞŶƚŝƚLJŶŽůŽŶŐĞƌŚĂƐĂŶLJƐŝŐŶŝĨŝĐĂŶƚĐŽŶƚŝŶƵŝŶŐŝŶǀŽůǀĞŵĞŶƚŝŶƚŚĞƌŝƐŬƐĂŶĚďĞŶĞĨŝƚƐ 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ŽƌƌŽǁŝŶŐĐŽƐƚƐĚŝƌĞĐƚůLJĂƚƚƌŝďƵƚĂďůĞƚŽƚŚĞĂĐƋƵŝƐŝƚŝŽŶ͕ĐŽŶƐƚƌƵĐƚŝŽŶŽƌƉƌŽĚƵĐƚŝŽŶŽĨĂƐƐĞƚƐƚŚĂƚŶĞĐĞƐƐĂƌŝůLJƚĂŬĞĂ  ^>^^͛ƐŽďůŝŐĂƚŝŽŶƐĨŽƌƐŚŽƌƚͲƚĞƌŵĞŵƉůŽLJĞĞďĞŶĞĨŝƚƐƐƵĐŚĂƐǁĂŐĞƐĂŶĚƐĂůĂƌŝĞƐĂƌĞƌĞĐŽŐŶŝƐĞĚĂƐƉĂƌƚŽĨĐƵƌƌĞŶƚ ƐƵďƐƚĂŶƚŝĂůƉĞƌŝŽĚŽĨƚŝŵĞƚŽƉƌĞƉĂƌĞĨŽƌƚŚĞŝƌŝŶƚĞŶĚĞĚƵƐĞŽƌƐĂůĞĂƌĞĂĚĚĞĚƚŽƚŚĞĐŽƐƚŽĨƚŚŽƐĞĂƐƐĞƚƐ͕ƵŶƚŝůƐƵĐŚƚŝŵĞ ĂĐĐŽƵŶƚƐƉĂLJĂďůĞĂŶĚŽƚŚĞƌƉĂLJĂďůĞƐŝŶƚŚĞƐƚĂƚĞŵĞŶƚŽĨĨŝŶĂŶĐŝĂůƉŽƐŝƚŝŽŶ͘ ĂƐƚŚĞĂƐƐĞƚƐĂƌĞƐƵďƐƚĂŶƚŝĂůůLJƌĞĂĚLJĨŽƌƚŚĞŝƌŝŶƚĞŶĚĞĚƵƐĞŽƌƐĂůĞ͘  KƚŚĞƌůŽŶŐͲƚĞƌŵĞŵƉůŽLJĞĞďĞŶĞĨŝƚƐ  ůůŽƚŚĞƌďŽƌƌŽǁŝŶŐĐŽƐƚƐĂƌĞƌĞĐŽŐŶŝƐĞĚĂƐĞdžƉĞŶƐĞƐŝŶƚŚĞƉĞƌŝŽĚŝŶǁŚŝĐŚƚŚĞLJĂƌĞŝŶĐƵƌƌĞĚ͘  WƌŽǀŝƐŝŽŶŝƐŵĂĚĞĨŽƌĞŵƉůŽLJĞĞƐ͛ĂŶŶƵĂůůĞĂǀĞĂŶĚůŽŶŐƐĞƌǀŝĐĞůĞĂǀĞĞŶƚŝƚůĞŵĞŶƚƐŶŽƚĞdžƉĞĐƚĞĚƚŽďĞƐĞƚƚůĞĚǁŚŽůůLJ ŵ͘ 'ŽŽĚƐĂŶĚ^ĞƌǀŝĐĞƐdĂdž;'^dͿ ǁŝƚŚŝŶϭϮŵŽŶƚŚƐĂĨƚĞƌƚŚĞĞŶĚŽĨƚŚĞĂŶŶƵĂůƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚŝŶǁŚŝĐŚƚŚĞĞŵƉůŽLJĞĞƐƌĞŶĚĞƌƚŚĞƌĞůĂƚĞĚƐĞƌǀŝĐĞ͘KƚŚĞƌ  ZĞǀĞŶƵĞƐ͕ĞdžƉĞŶƐĞƐĂŶĚĂƐƐĞƚƐĂƌĞƌĞĐŽŐŶŝƐĞĚŶĞƚŽĨƚŚĞĂŵŽƵŶƚŽĨ'^d͕ĞdžĐĞƉƚǁŚĞƌĞƚŚĞĂŵŽƵŶƚŽĨ'^dŝŶĐƵƌƌĞĚŝƐŶŽƚ ůŽŶŐͲƚĞƌŵĞŵƉůŽLJĞĞďĞŶĞĨŝƚƐĂƌĞŵĞĂƐƵƌĞĚĂƚƚŚĞƉƌĞƐĞŶƚǀĂůƵĞŽĨƚŚĞĞdžƉĞĐƚĞĚĨƵƚƵƌĞƉĂLJŵĞŶƚƐƚŽďĞŵĂĚĞƚŽ 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ŽƌƌŽǁŝŶŐĐŽƐƚƐĚŝƌĞĐƚůLJĂƚƚƌŝďƵƚĂďůĞƚŽƚŚĞĂĐƋƵŝƐŝƚŝŽŶ͕ĐŽŶƐƚƌƵĐƚŝŽŶŽƌƉƌŽĚƵĐƚŝŽŶŽĨĂƐƐĞƚƐƚŚĂƚŶĞĐĞƐƐĂƌŝůLJƚĂŬĞĂ  ^>^^͛ƐŽďůŝŐĂƚŝŽŶƐĨŽƌƐŚŽƌƚͲƚĞƌŵĞŵƉůŽLJĞĞďĞŶĞĨŝƚƐƐƵĐŚĂƐǁĂŐĞƐĂŶĚƐĂůĂƌŝĞƐĂƌĞƌĞĐŽŐŶŝƐĞĚĂƐƉĂƌƚŽĨĐƵƌƌĞŶƚ ƐƵďƐƚĂŶƚŝĂůƉĞƌŝŽĚŽĨƚŝŵĞƚŽƉƌĞƉĂƌĞĨŽƌƚŚĞŝƌŝŶƚĞŶĚĞĚƵƐĞŽƌƐĂůĞĂƌĞĂĚĚĞĚƚŽƚŚĞĐŽƐƚŽĨƚŚŽƐĞĂƐƐĞƚƐ͕ƵŶƚŝůƐƵĐŚƚŝŵĞ ĂĐĐŽƵŶƚƐƉĂLJĂďůĞĂŶĚŽƚŚĞƌƉĂLJĂďůĞƐŝŶƚŚĞƐƚĂƚĞŵĞŶƚŽĨĨŝŶĂŶĐŝĂůƉŽƐŝƚŝŽŶ͘ ĂƐƚŚĞĂƐƐĞƚƐĂƌĞƐƵďƐƚĂŶƚŝĂůůLJƌĞĂĚLJĨŽƌƚŚĞŝƌŝŶƚĞŶĚĞĚƵƐĞŽƌƐĂůĞ͘  KƚŚĞƌůŽŶŐͲƚĞƌŵĞŵƉůŽLJĞĞďĞŶĞĨŝƚƐ  ůůŽƚŚĞƌďŽƌƌŽǁŝŶŐĐŽƐƚƐĂƌĞƌĞĐŽŐŶŝƐĞĚĂƐĞdžƉĞŶƐĞƐŝŶƚŚĞƉĞƌŝŽĚŝŶǁŚŝĐŚƚŚĞLJĂƌĞŝŶĐƵƌƌĞĚ͘  WƌŽǀŝƐŝŽŶŝƐŵĂĚĞĨŽƌĞŵƉůŽLJĞĞƐ͛ĂŶŶƵĂůůĞĂǀĞĂŶĚůŽŶŐƐĞƌǀŝĐĞůĞĂǀĞĞŶƚŝƚůĞŵĞŶƚƐŶŽƚĞdžƉĞĐƚĞĚƚŽďĞƐĞƚƚůĞĚǁŚŽůůLJ ŵ͘ 'ŽŽĚƐĂŶĚ^ĞƌǀŝĐĞƐdĂdž;'^dͿ ǁŝƚŚŝŶϭϮŵŽŶƚŚƐĂĨƚĞƌƚŚĞĞŶĚŽĨƚŚĞĂŶŶƵĂůƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚŝŶǁŚŝĐŚƚŚĞĞŵƉůŽLJĞĞƐƌĞŶĚĞƌƚŚĞƌĞůĂƚĞĚƐĞƌǀŝĐĞ͘KƚŚĞƌ  ZĞǀĞŶƵĞƐ͕ĞdžƉĞŶƐĞƐĂŶĚĂƐƐĞƚƐĂƌĞƌĞĐŽŐŶŝƐĞĚŶĞƚŽĨƚŚĞĂŵŽƵŶƚŽĨ'^d͕ĞdžĐĞƉƚǁŚĞƌĞƚŚĞĂŵŽƵŶƚŽĨ'^dŝŶĐƵƌƌĞĚŝƐŶŽƚ ůŽŶŐͲƚĞƌŵĞŵƉůŽLJĞĞďĞŶĞĨŝƚƐĂƌĞŵĞĂƐƵƌĞĚĂƚƚŚĞƉƌĞƐĞŶƚǀĂůƵĞŽĨƚŚĞĞdžƉĞĐƚĞĚĨƵƚƵƌĞƉĂLJŵĞŶƚƐƚŽďĞŵĂĚĞƚŽ 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ǁŚŝĐŚĂƌĞƌĞĐŽǀĞƌĂďůĞĨƌŽŵ͕ŽƌƉĂLJĂďůĞƚŽ͕ƚŚĞdKĂƌĞƉƌĞƐĞŶƚĞĚĂƐŽƉĞƌĂƚŝŶŐĐĂƐŚĨůŽǁƐŝŶĐůƵĚĞĚŝŶƌĞĐĞŝƉƚƐĨƌŽŵ ƉŽƐŝƚŝŽŶ͕ĞdžĐĞƉƚǁŚĞƌĞ^>^^ĚŽĞƐŶŽƚŚĂǀĞĂŶƵŶĐŽŶĚŝƚŝŽŶĂůƌŝŐŚƚƚŽĚĞĨĞƌƐĞƚƚůĞŵĞŶƚĨŽƌĂƚůĞĂƐƚϭϮŵŽŶƚŚƐĂĨƚĞƌƚŚĞ ĐƵƐƚŽŵĞƌƐŽƌƉĂLJŵĞŶƚƐƚŽƐƵƉƉůŝĞƌƐ͘ ƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚ͕ŝŶǁŚŝĐŚĐĂƐĞƚŚĞŽďůŝŐĂƚŝŽŶƐĂƌĞƉƌĞƐĞŶƚĞĚĂƐĐƵƌƌĞŶƚƉƌŽǀŝƐŝŽŶƐ͘ Ŷ͘ ŽŵƉĂƌĂƚŝǀĞ&ŝŐƵƌĞƐ ŝ͘ ĂƐŚĂŶĚĂƐŚƋƵŝǀĂůĞŶƚƐ  tŚĞŶƌĞƋƵŝƌĞĚďLJĐĐŽƵŶƚŝŶŐ^ƚĂŶĚĂƌĚƐ͕ĐŽŵƉĂƌĂƚŝǀĞĨŝŐƵƌĞƐŚĂǀĞďĞĞŶĂĚũƵƐƚĞĚƚŽĐŽŶĨŽƌŵƚŽĐŚĂŶŐĞƐŝŶƉƌĞƐĞŶƚĂƚŝŽŶ  ĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐŝŶĐůƵĚĞĐĂƐŚŽŶŚĂŶĚ͕ĚĞƉŽƐŝƚƐŚĞůĚĂƚͲĐĂůůǁŝƚŚďĂŶŬƐ͕ŽƚŚĞƌƐŚŽƌƚͲƚĞƌŵŚŝŐŚůLJůŝƋƵŝĚ ĨŽƌƚŚĞĐƵƌƌĞŶƚĨŝŶĂŶĐŝĂůLJĞĂƌ͘ ŝŶǀĞƐƚŵĞŶƚƐǁŝƚŚŽƌŝŐŝŶĂůŵĂƚƵƌŝƚŝĞƐŽĨƚŚƌĞĞŵŽŶƚŚƐŽƌůĞƐƐ͕ĂŶĚďĂŶŬŽǀĞƌĚƌĂĨƚƐ͘ Ž͘ dƌĂĚĞĂŶĚKƚŚĞƌWĂLJĂďůĞƐ ũ͘ dƌĂĚĞĂŶĚKƚŚĞƌZĞĐĞŝǀĂďůĞƐ  dƌĂĚĞĂŶĚŽƚŚĞƌƉĂLJĂďůĞƐƌĞƉƌĞƐĞŶƚƚŚĞůŝĂďŝůŝƚŝĞƐŽƵƚƐƚĂŶĚŝŶŐĂƚƚŚĞĞŶĚŽĨƚŚĞƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚĨŽƌŐŽŽĚƐĂŶĚƐĞƌǀŝĐĞƐ  dƌĂĚĞĂŶĚKƚŚĞƌZĞĐĞŝǀĂďůĞƐŝŶĐůƵĚĞĂŵŽƵŶƚƐĚƵĞĨƌŽŵŵĞŵďĞƌƐĂƐǁĞůůĂƐĂŵŽƵŶƚƐƌĞĐĞŝǀĂďůĞĨƌŽŵĐƵƐƚŽŵĞƌƐĨŽƌ ƌĞĐĞŝǀĞĚďLJ^>^^ĚƵƌŝŶŐƚŚĞƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚƚŚĂƚƌĞŵĂŝŶƵŶƉĂŝĚ͘dŚĞďĂůĂŶĐĞŝƐƌĞĐŽŐŶŝƐĞĚĂƐĂĐƵƌƌĞŶƚůŝĂďŝůŝƚLJǁŝƚŚƚŚĞ ŐŽŽĚƐƐŽůĚŝŶƚŚĞŽƌĚŝŶĂƌLJĐŽƵƌƐĞŽĨďƵƐŝŶĞƐƐ͘ZĞĐĞŝǀĂďůĞƐĞdžƉĞĐƚĞĚƚŽďĞĐŽůůĞĐƚĞĚǁŝƚŚŝŶϭϮŵŽŶƚŚƐŽĨƚŚĞĞŶĚŽĨƚŚĞ ĂŵŽƵŶƚƐŶŽƌŵĂůůLJƉĂŝĚǁŝƚŚŝŶϯϬĚĂLJƐŽĨƌĞĐŽŐŶŝƚŝŽŶŽĨƚŚĞůŝĂďŝůŝƚLJ͘ ƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚĂƌĞĐůĂƐƐŝĨŝĞĚĂƐĐƵƌƌĞŶƚĂƐƐĞƚƐ͘ůůŽƚŚĞƌƌĞĐĞŝǀĂďůĞƐĂƌĞĐůĂƐƐŝĨŝĞĚĂƐŶŽŶͲĐƵƌƌĞŶƚĂƐƐĞƚƐ͘   ĐĐŽƵŶƚƐƌĞĐĞŝǀĂďůĞĂƌĞŝŶŝƚŝĂůůLJƌĞĐŽŐŶŝƐĞĚĂƚĨĂŝƌǀĂůƵĞĂŶĚƐƵďƐĞƋƵĞŶƚůLJŵĞĂƐƵƌĞĚĂƚĂŵŽƌƚŝƐĞĚĐŽƐƚƵƐŝŶŐƚŚĞĞĨĨĞĐƚŝǀĞ  ŝŶƚĞƌĞƐƚŵĞƚŚŽĚ͕ůĞƐƐĂŶLJƉƌŽǀŝƐŝŽŶĨŽƌŝŵƉĂŝƌŵĞŶƚ͘ZĞĨĞƌƚŽEŽƚĞϭ;ŐͿĨŽƌĨƵƌƚŚĞƌĚŝƐĐƵƐƐŝŽŶŽŶƚŚĞĚĞƚĞƌŵŝŶĂƚŝŽŶŽĨ  ŝŵƉĂŝƌŵĞŶƚůŽƐƐĞƐ͘ 

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ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϭϱ ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϭϲ 685)/,)(6$9,1*6287+$8675$/,$,1& 685)/,)(6$9,1*6287+$8675$/,$,1&  EKd^dKd,&/EE/>^ddDEd^ EKd^dKd,&/EE/>^ddDEd^ &KZd,zZEϯϬ:hEϮϬϭϴ &KZd,zZEϯϬ:hEϮϬϭϴ EKdϮ͗ZsEhEKd,Z/EKD EŽƚĞ ϮϬϭϴ ϮϬϭϳ  Ψ Ψ EKdϭ͗^hDDZzK&^/'E/&/EdKhEd/E'WK>//^;KEdͿ ʹ /ŶƚĞƌĞƐƚ ϭϮ͕ϳϴϰ ϭϱ͕ϴϴϴ Ɖ͘ WƌŽǀŝƐŝŽŶƐ KƚŚĞƌƌĞǀĞŶƵĞ͗    WƌŽǀŝƐŝŽŶƐĂƌĞƌĞĐŽŐŶŝƐĞĚǁŚĞŶ^>^^ŚĂƐĂůĞŐĂůŽƌĐŽŶƐƚƌƵĐƚŝǀĞŽďůŝŐĂƚŝŽŶ͕ĂƐĂƌĞƐƵůƚŽĨƉĂƐƚĞǀĞŶƚƐ͕ĨŽƌǁŚŝĐŚŝƚŝƐ ʹ dƌĂŝŶŝŶŐŽƉĞƌĂƚŝŽŶƐ ϱϯϵ͕Ϭϵϰ ϱϭϮ͕Ϯϵϳ ƉƌŽďĂďůĞƚŚĂƚĂŶŽƵƚĨůŽǁŽĨĞĐŽŶŽŵŝĐďĞŶĞĨŝƚƐǁŝůůƌĞƐƵůƚĂŶĚƚŚĂƚŽƵƚĨůŽǁĐĂŶďĞƌĞůŝĂďůLJŵĞĂƐƵƌĞĚ͘WƌŽǀŝƐŝŽŶƐ ʹ >ŝĨĞƐĂǀŝŶŐŽƉĞƌĂƚŝŽŶƐ ϭϵϮ͕ϬϲϬ ϭϯϴ͕ϬϬϮ ƌĞĐŽŐŶŝƐĞĚƌĞƉƌĞƐĞŶƚƚŚĞďĞƐƚĞƐƚŝŵĂƚĞŽĨƚŚĞĂŵŽƵŶƚƐƌĞƋƵŝƌĞĚƚŽƐĞƚƚůĞƚŚĞŽďůŝŐĂƚŝŽŶĂƚƚŚĞĞŶĚŽĨƚŚĞƌĞƉŽƌƚŝŶŐ ƉĞƌŝŽĚ͘ ʹ ^ƵƌĨĞŶƚƌĂůŽƉĞƌĂƚŝŽŶƐ ϰϮϰ͕ϰϴϳ ϱϬϭ͕ϴϳϭ Ƌ͘ <ĞLJƐƚŝŵĂƚĞƐ ʹ ^ƉŽŶƐŽƌƐŚŝƉ͕ĚŽŶĂƚŝŽŶƐĂŶĚĨƵŶĚƌĂŝƐŝŶŐ ϭ͕ϲϰϬ͕ϲϮϵ ϭ͕ϰϵϬ͕ϵϭϴ  ;ŝͿ /ŵƉĂŝƌŵĞŶƚ ʹ 'ƌĂŶƚƐĂŶĚĨƵŶĚŝŶŐ ϭ͕ϲϰϮ͕ϱϲϲ ϭ͕ϭϯϰ͕Ϭϵϭ   ^>^^ĂƐƐĞƐƐĞƐŝŵƉĂŝƌŵĞŶƚĂƚƚŚĞĞŶĚŽĨĞĂĐŚƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚďLJĞǀĂůƵĂƚŝŽŶŽĨĐŽŶĚŝƚŝŽŶƐĂŶĚĞǀĞŶƚƐƐƉĞĐŝĨŝĐƚŽ  dŽƚĂůŽƚŚĞƌƌĞǀĞŶƵĞ ϰ͕ϰϯϴ͕ϴϯϲ ϯ͕ϳϳϳ͕ϭϳϵ ^>^^ƚŚĂƚŵĂLJďĞŝŶĚŝĐĂƚŝǀĞŽĨŝŵƉĂŝƌŵĞŶƚƚƌŝŐŐĞƌƐ͘ZĞĐŽǀĞƌĂďůĞĂŵŽƵŶƚƐŽĨƌĞůĞǀĂŶƚĂƐƐĞƚƐĂƌĞƌĞĂƐƐĞƐƐĞĚƵƐŝŶŐ dŽƚĂůƌĞǀĞŶƵĞ ϰ͕ϰϱϭ͕ϲϮϬ ϯ͕ϳϵϯ͕Ϭϲϳ ǀĂůƵĞͲŝŶͲƵƐĞĐĂůĐƵůĂƚŝŽŶƐǁŚŝĐŚŝŶĐŽƌƉŽƌĂƚĞǀĂƌŝŽƵƐŬĞLJĂƐƐƵŵƉƚŝŽŶƐ͘   ƌ͘ <ĞLJ:ƵĚŐĞŵĞŶƚƐ EKdϯ͗^/'E/&/EdyWE^^    ;ŝͿ WƌŽǀŝƐŝŽŶĨŽƌŝŵƉĂŝƌŵĞŶƚŽĨƌĞĐĞŝǀĂďůĞƐ džƉĞŶƐĞƐ    /ŶĐůƵĚĞĚŝŶĂĐĐŽƵŶƚƐƌĞĐĞŝǀĂďůĞĂŶĚŽƚŚĞƌĚĞďƚŽƌƐĂƚƚŚĞĞŶĚŽĨƚŚĞƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚĂƌĞĂŵŽƵŶƚƐƌĞĐĞŝǀĂďůĞ ĞƉƌĞĐŝĂƚŝŽŶ  ĨƌŽŵƐƵƌĨůŝĨĞƐĂǀŝŶŐĐůƵďƐĂŶĚŽƚŚĞƌĚĞďƚŽƌƐ͘dŚĞďŽĂƌĚŚĂƐŵĂĚĞĂŶĂƐƐĞƐƐŵĞŶƚƚŚĂƚƐƵĐŚĂŵŽƵŶƚƐǁŝůůďĞƉĂŝĚ ĂŶĚƚŚĞƌĞĨŽƌĞŶŽƉƌŽǀŝƐŝŽŶĨŽƌŝŵƉĂŝƌŵĞŶƚŚĂƐďĞĞŶŵĂĚĞ͘ ʹ >ĂŶĚĂŶĚďƵŝůĚŝŶŐƐ ϭϭϳ͕ϰϮϮ ϭϯϰ͕ϭϬϴ  ;ŝŝͿ ŵƉůŽLJĞĞďĞŶĞĨŝƚƐ ʹ WůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ ϵϴ͕ϲϲϴ ϲϲ͕ϳϲϱ   &ŽƌƚŚĞƉƵƌƉŽƐĞŽĨŵĞĂƐƵƌĞŵĞŶƚ͕^ϭϭϵ͗ŵƉůŽLJĞĞĞŶĞĨŝƚƐĚĞĨŝŶĞƐŽďůŝŐĂƚŝŽŶƐĨŽƌƐŚŽƌƚͲƚĞƌŵĞŵƉůŽLJĞĞ ʹ DŽƚŽƌǀĞŚŝĐůĞƐ ϱϬ͕ϱϰϭ ϯϴ͕ϯϴϱ ďĞŶĞĨŝƚƐĂƐŽďůŝŐĂƚŝŽŶƐĞdžƉĞĐƚĞĚƚŽďĞƐĞƚƚůĞĚǁŚŽůůLJďĞĨŽƌĞϭϮŵŽŶƚŚƐĂĨƚĞƌƚŚĞĞŶĚŽĨƚŚĞĂŶŶƵĂůƌĞƉŽƌƚŝŶŐ ʹ tĂƚĞƌĐƌĂĨƚ Ϯϳ͕ϴϭϰ Ϯϳ͕ϱϱϮ ƉĞƌŝŽĚŝŶǁŚŝĐŚƚŚĞĞŵƉůŽLJĞĞƐƌĞŶĚĞƌƚŚĞƌĞůĂƚĞĚƐĞƌǀŝĐĞƐ͘Ɛ^>^^ĞdžƉĞĐƚƐƚŚĂƚĂůůŽĨŝƚƐĞŵƉůŽLJĞĞƐǁŽƵůĚƵƐĞ ʹ KĨĨŝĐĞĞƋƵŝƉŵĞŶƚ ϯϴ͕ϲϲϳ ϰϭ͕ϵϲϱ ĂůůŽĨƚŚĞŝƌĂŶŶƵĂůůĞĂǀĞĞŶƚŝƚůĞŵĞŶƚƐĞĂƌŶĞĚĚƵƌŝŶŐĂƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚďĞĨŽƌĞϭϮŵŽŶƚŚƐĂĨƚĞƌƚŚĞĞŶĚŽĨƚŚĞ ƌĞƉŽƌƚŝŶŐƉĞƌŝŽĚ͕^>^^ďĞůŝĞǀĞƐƚŚĂƚŽďůŝŐĂƚŝŽŶƐĨŽƌĂŶŶƵĂůůĞĂǀĞĞŶƚŝƚůĞŵĞŶƚƐƐĂƚŝƐĨLJƚŚĞĚĞĨŝŶŝƚŝŽŶŽĨƐŚŽƌƚͲƚĞƌŵ  dŽƚĂůĚĞƉƌĞĐŝĂƚŝŽŶ ϯϯϯ͕ϭϭϮ ϯϬϴ͕ϳϳϱ ĞŵƉůŽLJĞĞďĞŶĞĨŝƚƐĂŶĚ͕ƚŚĞƌĞĨŽƌĞ͕ĐĂŶďĞŵĞĂƐƵƌĞĚĂƚƚŚĞ;ƵŶĚŝƐĐŽƵŶƚĞĚͿĂŵŽƵŶƚƐĞdžƉĞĐƚĞĚƚŽďĞƉĂŝĚƚŽ KƚŚĞƌĞdžƉĞŶƐĞƐ͗  ĞŵƉůŽLJĞĞƐǁŚĞŶƚŚĞŽďůŝŐĂƚŝŽŶƐĂƌĞƐĞƚƚůĞĚ͘ ʹ ĂĚĚĞďƚƐ ϱϮ ϭ͕Ϯϯϯ  ʹ ZĞŶƚĂůĞdžƉĞŶƐĞŽŶŽƉĞƌĂƚŝŶŐůĞĂƐĞƐ ϵϴ͕ϲϲϯ ϵϴ͕ϲϲϯ     EKdϰ͗^,E^,Yh/s>Ed^  ϮϬϭϲ  Ψ  ĂƐŚŽŶŚĂŶĚ  ϳ͕ϬϬϵ ϭ͕ϰϵϵ  ĂƐŚĂƚďĂŶŬ  ϲϰϵ͕ϴϲϮ ϰϬϬ͕ϳϲϬ ĂƐŚŽŶĚĞƉŽƐŝƚ  Ϯ͕ϴϬϬ͕ϳϲϯ Ϯ͕ϭϵϬ͕ϬϬϮ  dŽƚĂůĐĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐ ϭϱ ϯ͕ϰϱϳ͕ϲϯϰ Ϯ͕ϱϵϮ͕Ϯϲϭ      EKdϱ͗dZEKd,ZZ/s>^    hZZEd    dƌĂĚĞĚĞďƚŽƌƐ  Ϯϳϴ͕ϭϳϱ ϮϬϳ͕ϯϭϮ  KƚŚĞƌƌĞĐĞŝǀĂďůĞƐ  ϴϴ͕ϵϵϱ ϭϲϬ͕ϰϬϴ  dŽƚĂůĐƵƌƌĞŶƚƌĞĐĞŝǀĂďůĞƐ ϭϱ ϯϲϳ͕ϭϳϬ ϯϲϳ͕ϳϮϬ     

ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϭϱ ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϭϲ 685)/,)(6$9,1*6287+$8675$/,$,1& 685)/,)(6$9,1*6287+$8675$/,$,1&   EKd^dKd,&/EE/>^ddDEd^ EKd^dKd,&/EE/>^ddDEd^ &KZd,zZEϯϬ:hEϮϬϭϴ &KZd,zZEϯϬ:hEϮϬϭϴ EKdϲ͗WZKWZdz͕W>EdEYh/WDEd EŽƚĞ ϮϬϭϴ ϮϬϭϳ   Ψ Ψ EKdϲ͗WZKWZdz͕W>EdEYh/WDEd;KEdͿ ϮϬϭϲ ϮϬϭϱ >ĂŶĚĂŶĚďƵŝůĚŝŶŐƐ͗  Ψ Ψ >ĂŶĚĂƚsĂůƵĂƚŝŽŶ Ϯϰϲ͕ϮϱϬ Ϯϰϲ͕ϮϱϬ    DŽǀĞŵĞŶƚƐŝŶĐĂƌƌLJŝŶŐĂŵŽƵŶƚƐ  ƵŝůĚŝŶŐƐĂƚǀĂůƵĂƚŝŽŶ ϭϬϴ͕ϳϱϬ ϭϬϴ͕ϳϱϬ DŽǀĞŵĞŶƚŝŶƚŚĞĐĂƌƌLJŝŶŐĂŵŽƵŶƚƐĨŽƌĞĂĐŚĐůĂƐƐŽĨƉƌŽƉĞƌƚLJ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚďĞƚǁĞĞŶƚŚĞďĞŐŝŶŶŝŶŐĂŶĚƚŚĞĞŶĚŽĨƚŚĞ ĐĐƵŵƵůĂƚĞĚĚĞƉƌĞĐŝĂƚŝŽŶ ;Ϯϰ͕ϰϲϬͿ ;ϮϬ͕ϬϮϰͿ ĐƵƌƌĞŶƚĨŝŶĂŶĐŝĂůLJĞĂƌ͗  ϴϰ͕ϮϵϬ ϴϴ͕ϳϮϲ 

   >ĂŶĚĂŶĚ WůĂŶƚĂŶĚ tĂƚĞƌ DŽƚŽƌ KĨĨŝĐĞ ƋƵŝƉŵĞŶƚ ƵŝůĚŝŶŐƐĂƚŽƐƚ ϱ͕ϭϰϴ͕Ϭϭϵ ϱ͕ϭϰϴ͕Ϭϭϵ ďƵŝůĚŝŶŐƐ ĞƋƵŝƉŵĞŶƚ ƌĂĨƚ sĞŚŝĐůĞƐ dŽƚĂů ĐĐƵŵƵůĂƚĞĚĚĞƉƌĞĐŝĂƚŝŽŶ ;ϳϰϮ͕ϴϲϰͿ ;ϲϮϵ͕ϴϳϵͿ  Ψ Ψ Ψ Ψ Ψ Ψ  ϰ͕ϰϬϱ͕ϭϱϱ ϰ͕ϱϭϴ͕ϭϰϬ ĂůĂŶĐĞĂƚϭ:ƵůLJϮϬϭϳ ϰ͕ϴϱϯ͕ϭϭϲ ϯϯϱ͕Ϯϴϯ ϭϳϱ͕ϬϬϵ ϭϳϰ͕ϲϳϰ ϭϲϲ͕ϱϱϲ ϱ͕ϳϬϰ͕ϲϯϴ dŽƚĂů>ĂŶĚĂŶĚƵŝůĚŝŶŐƐ ϰ͕ϳϯϱ͕ϲϵϱ ϰ͕ϴϱϯ͕ϭϭϲ ĚĚŝƚŝŽŶƐ Ͳ ϭϰϳ͕ϱϭϳ ϳϮ͕ϵϵϴ ϭϭϭ͕ϮϮϬ ϰϮ͕ϲϭϬ ϯϳϰ͕ϯϰϱ   dƌĂŶƐĨĞƌƐ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ WůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ͗  ŝƐƉŽƐĂůƐ Ͳ Ͳ Ͳ ;ϴ͕ϬϬϵͿ Ͳ ;ϴ͕ϬϬϵͿ ƚĐŽƐƚ ϲϲϯ͕ϳϰϮ ϱϰϰ͕ϲϭϳ ĞƉƌĞĐŝĂƚŝŽŶĞdžƉĞŶƐĞ ;ϭϭϳ͕ϰϮϭͿ ;ϵϴ͕ϲϲϵͿ ;Ϯϳ͕ϴϭϰͿ ;ϱϬ͕ϱϰϭͿ ;ϯϴ͕ϲϲϳͿ ;ϯϯϯ͕ϭϭϮͿ ĐĐƵŵƵůĂƚĞĚĚĞƉƌĞĐŝĂƚŝŽŶ ;Ϯϳϵ͕ϲϭϭͿ ;ϮϬϵ͕ϯϯϰͿ ĂƌƌLJŝŶŐĂŵŽƵŶƚĂƚϯϬ:ƵŶĞϮϬϭϴ ϰ͕ϳϯϱ͕ϲϵϱ ϯϴϰ͕ϭϯϭ ϮϮϬ͕ϭϵϯ ϮϮϳ͕ϯϰϰ ϭϳϬ͕ϰϵϵ ϱ͕ϳϯϳ͕ϴϲϮ  ϯϴϰ͕ϭϯϭ ϯϯϱ͕Ϯϴϯ  DŽƚŽƌsĞŚŝĐůĞƐ  EKdϳ͗dZEKd,ZWz>^ EŽƚĞ ϮϬϭϴ ϮϬϭϳ ƚĐŽƐƚ ϰϲϵ͕ϴϯϮ ϯϵϱ͕ϰϳϵ Ψ Ψ ĐĐƵŵƵůĂƚĞĚĚĞƉƌĞĐŝĂƚŝŽŶ ;ϮϰϮ͕ϰϴϴͿ ;ϮϮϬ͕ϴϬϱͿ hZZEd    ϮϮϳ͕ϯϰϰ ϭϳϰ͕ϲϳϰ hŶƐĞĐƵƌĞĚůŝĂďŝůŝƚŝĞƐ͗   tĂƚĞƌƌĂĨƚ  dƌĂĚĞĐƌĞĚŝƚŽƌƐ  ϮϬϱ͕ϲϰϬ ϭϳϳ͕ϱϮϱ ƚĐŽƐƚ ϲϯϯ͕ϳϱϴ ϱϲϬ͕ϳϲϬ ^ƵŶĚƌLJĐƌĞĚŝƚŽƌƐĂŶĚĂĐĐƌƵĂůƐ  Ϯϵ͕ϴϯϮ Ϯϰ͕ϳϯϴ ĐĐƵŵƵůĂƚĞĚĞƉƌĞĐŝĂƚŝŽŶ ;ϰϭϯ͕ϱϲϱͿ ;ϯϴϱ͕ϳϱϭͿ dŽƚĂůƚƌĂĚĞĂŶĚŽƚŚĞƌƉĂLJĂďůĞƐ  Ϯϯϱ͕ϰϳϮ ϮϬϮ͕Ϯϲϯ  ϮϮϬ͕ϭϵϯ ϭϳϱ͕ϬϬϵ      &ŝŶĂŶĐŝĂů>ŝĂďŝůŝƚŝĞƐĂƚĂŵŽƌƚŝƐĞĚĐŽƐƚĂƐƚƌĂĚĞĂŶĚŽƚŚĞƌƉĂLJĂďůĞƐ ϭϱ Ϯϯϱ͕ϰϳϮ ϮϬϮ͕Ϯϲϯ KĨĨŝĐĞĞƋƵŝƉŵĞŶƚ͗     ƚĐŽƐƚ ϱϱϯ͕ϮϯϮ ϱϭϬ͕ϲϮϯ EKdϴ͗Kd,Z>//>d/^   ĐĐƵŵƵůĂƚĞĚĚĞƉƌĞĐŝĂƚŝŽŶ ;ϯϴϮ͕ϳϯϯͿ ;ϯϰϰ͕ϬϲϳͿ /ŶĐŽŵĞŝŶĚǀĂŶĐĞ  ϮϵϬ͕ϯϰϭ ϯϬ͕ϭϲϱ  ϭϳϬ͕ϰϵϵ ϭϲϲ͕ϱϱϲ 'ƌĂŶƚƐZĞĐĞŝǀĞĚŝŶĚǀĂŶĐĞ  ϯϬϮ͕ϳϵϵ Ͳ     ϱϵϯ͕ϭϰϬ ϯϬ͕ϭϲϱ dŽƚĂůƉƌŽƉĞƌƚLJ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ ϱ͕ϳϯϳ͕ϴϲϮ ϱ͕ϳϬϰ͕ϲϯϴ  

ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϭϳ ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϭϴ 685)/,)(6$9,1*6287+$8675$/,$,1& 685)/,)(6$9,1*6287+$8675$/,$,1&   EKd^dKd,&/EE/>^ddDEd^ EKd^dKd,&/EE/>^ddDEd^ &KZd,zZEϯϬ:hEϮϬϭϴ &KZd,zZEϯϬ:hEϮϬϭϴ EKdϲ͗WZKWZdz͕W>EdEYh/WDEd EŽƚĞ ϮϬϭϴ ϮϬϭϳ   Ψ Ψ EKdϲ͗WZKWZdz͕W>EdEYh/WDEd;KEdͿ ϮϬϭϲ ϮϬϭϱ >ĂŶĚĂŶĚďƵŝůĚŝŶŐƐ͗  Ψ Ψ >ĂŶĚĂƚsĂůƵĂƚŝŽŶ Ϯϰϲ͕ϮϱϬ Ϯϰϲ͕ϮϱϬ    DŽǀĞŵĞŶƚƐŝŶĐĂƌƌLJŝŶŐĂŵŽƵŶƚƐ  ƵŝůĚŝŶŐƐĂƚǀĂůƵĂƚŝŽŶ ϭϬϴ͕ϳϱϬ ϭϬϴ͕ϳϱϬ DŽǀĞŵĞŶƚŝŶƚŚĞĐĂƌƌLJŝŶŐĂŵŽƵŶƚƐĨŽƌĞĂĐŚĐůĂƐƐŽĨƉƌŽƉĞƌƚLJ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚďĞƚǁĞĞŶƚŚĞďĞŐŝŶŶŝŶŐĂŶĚƚŚĞĞŶĚŽĨƚŚĞ ĐĐƵŵƵůĂƚĞĚĚĞƉƌĞĐŝĂƚŝŽŶ ;Ϯϰ͕ϰϲϬͿ ;ϮϬ͕ϬϮϰͿ ĐƵƌƌĞŶƚĨŝŶĂŶĐŝĂůLJĞĂƌ͗  ϴϰ͕ϮϵϬ ϴϴ͕ϳϮϲ 

   >ĂŶĚĂŶĚ WůĂŶƚĂŶĚ tĂƚĞƌ DŽƚŽƌ KĨĨŝĐĞ ƋƵŝƉŵĞŶƚ ƵŝůĚŝŶŐƐĂƚŽƐƚ ϱ͕ϭϰϴ͕Ϭϭϵ ϱ͕ϭϰϴ͕Ϭϭϵ ďƵŝůĚŝŶŐƐ ĞƋƵŝƉŵĞŶƚ ƌĂĨƚ sĞŚŝĐůĞƐ dŽƚĂů ĐĐƵŵƵůĂƚĞĚĚĞƉƌĞĐŝĂƚŝŽŶ ;ϳϰϮ͕ϴϲϰͿ ;ϲϮϵ͕ϴϳϵͿ  Ψ Ψ Ψ Ψ Ψ Ψ  ϰ͕ϰϬϱ͕ϭϱϱ ϰ͕ϱϭϴ͕ϭϰϬ ĂůĂŶĐĞĂƚϭ:ƵůLJϮϬϭϳ ϰ͕ϴϱϯ͕ϭϭϲ ϯϯϱ͕Ϯϴϯ ϭϳϱ͕ϬϬϵ ϭϳϰ͕ϲϳϰ ϭϲϲ͕ϱϱϲ ϱ͕ϳϬϰ͕ϲϯϴ dŽƚĂů>ĂŶĚĂŶĚƵŝůĚŝŶŐƐ ϰ͕ϳϯϱ͕ϲϵϱ ϰ͕ϴϱϯ͕ϭϭϲ ĚĚŝƚŝŽŶƐ Ͳ ϭϰϳ͕ϱϭϳ ϳϮ͕ϵϵϴ ϭϭϭ͕ϮϮϬ ϰϮ͕ϲϭϬ ϯϳϰ͕ϯϰϱ   dƌĂŶƐĨĞƌƐ Ͳ Ͳ Ͳ Ͳ Ͳ Ͳ WůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ͗  ŝƐƉŽƐĂůƐ Ͳ Ͳ Ͳ ;ϴ͕ϬϬϵͿ Ͳ ;ϴ͕ϬϬϵͿ ƚĐŽƐƚ ϲϲϯ͕ϳϰϮ ϱϰϰ͕ϲϭϳ ĞƉƌĞĐŝĂƚŝŽŶĞdžƉĞŶƐĞ ;ϭϭϳ͕ϰϮϭͿ ;ϵϴ͕ϲϲϵͿ ;Ϯϳ͕ϴϭϰͿ ;ϱϬ͕ϱϰϭͿ ;ϯϴ͕ϲϲϳͿ ;ϯϯϯ͕ϭϭϮͿ ĐĐƵŵƵůĂƚĞĚĚĞƉƌĞĐŝĂƚŝŽŶ ;Ϯϳϵ͕ϲϭϭͿ ;ϮϬϵ͕ϯϯϰͿ ĂƌƌLJŝŶŐĂŵŽƵŶƚĂƚϯϬ:ƵŶĞϮϬϭϴ ϰ͕ϳϯϱ͕ϲϵϱ ϯϴϰ͕ϭϯϭ ϮϮϬ͕ϭϵϯ ϮϮϳ͕ϯϰϰ ϭϳϬ͕ϰϵϵ ϱ͕ϳϯϳ͕ϴϲϮ  ϯϴϰ͕ϭϯϭ ϯϯϱ͕Ϯϴϯ  DŽƚŽƌsĞŚŝĐůĞƐ  EKdϳ͗dZEKd,ZWz>^ EŽƚĞ ϮϬϭϴ ϮϬϭϳ ƚĐŽƐƚ ϰϲϵ͕ϴϯϮ ϯϵϱ͕ϰϳϵ Ψ Ψ ĐĐƵŵƵůĂƚĞĚĚĞƉƌĞĐŝĂƚŝŽŶ ;ϮϰϮ͕ϰϴϴͿ ;ϮϮϬ͕ϴϬϱͿ hZZEd    ϮϮϳ͕ϯϰϰ ϭϳϰ͕ϲϳϰ hŶƐĞĐƵƌĞĚůŝĂďŝůŝƚŝĞƐ͗   tĂƚĞƌƌĂĨƚ  dƌĂĚĞĐƌĞĚŝƚŽƌƐ  ϮϬϱ͕ϲϰϬ ϭϳϳ͕ϱϮϱ ƚĐŽƐƚ ϲϯϯ͕ϳϱϴ ϱϲϬ͕ϳϲϬ ^ƵŶĚƌLJĐƌĞĚŝƚŽƌƐĂŶĚĂĐĐƌƵĂůƐ  Ϯϵ͕ϴϯϮ Ϯϰ͕ϳϯϴ ĐĐƵŵƵůĂƚĞĚĞƉƌĞĐŝĂƚŝŽŶ ;ϰϭϯ͕ϱϲϱͿ ;ϯϴϱ͕ϳϱϭͿ dŽƚĂůƚƌĂĚĞĂŶĚŽƚŚĞƌƉĂLJĂďůĞƐ  Ϯϯϱ͕ϰϳϮ ϮϬϮ͕Ϯϲϯ  ϮϮϬ͕ϭϵϯ ϭϳϱ͕ϬϬϵ      &ŝŶĂŶĐŝĂů>ŝĂďŝůŝƚŝĞƐĂƚĂŵŽƌƚŝƐĞĚĐŽƐƚĂƐƚƌĂĚĞĂŶĚŽƚŚĞƌƉĂLJĂďůĞƐ ϭϱ Ϯϯϱ͕ϰϳϮ ϮϬϮ͕Ϯϲϯ KĨĨŝĐĞĞƋƵŝƉŵĞŶƚ͗     ƚĐŽƐƚ ϱϱϯ͕ϮϯϮ ϱϭϬ͕ϲϮϯ EKdϴ͗Kd,Z>//>d/^   ĐĐƵŵƵůĂƚĞĚĚĞƉƌĞĐŝĂƚŝŽŶ ;ϯϴϮ͕ϳϯϯͿ ;ϯϰϰ͕ϬϲϳͿ /ŶĐŽŵĞŝŶĚǀĂŶĐĞ  ϮϵϬ͕ϯϰϭ ϯϬ͕ϭϲϱ  ϭϳϬ͕ϰϵϵ ϭϲϲ͕ϱϱϲ 'ƌĂŶƚƐZĞĐĞŝǀĞĚŝŶĚǀĂŶĐĞ  ϯϬϮ͕ϳϵϵ Ͳ     ϱϵϯ͕ϭϰϬ ϯϬ͕ϭϲϱ dŽƚĂůƉƌŽƉĞƌƚLJ͕ƉůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚ ϱ͕ϳϯϳ͕ϴϲϮ ϱ͕ϳϬϰ͕ϲϯϴ  

ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϭϳ ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϭϴ 685)/,)(6$9,1*6287+$8675$/,$,1& 685)/,)(6$9,1*6287+$8675$/,$,1&   EKd^dKd,&/EE/>^ddDEd^ EKd^dKd,&/EE/>^ddDEd^ &KZd,zZEϯϬ:hEϮϬϭϴ &KZd,zZEϯϬ:hEϮϬϭϴ   EKdϵ͗WZKs/^/KE^ EŽƚĞ ϮϬϭϴ ϮϬϭϳ EKdϭϬ͗Z^Zs^ Ψ Ψ ƐƐĞƚƌĞǀĂůƵĂƚŝŽŶƌĞƐĞƌǀĞ hZZEd   dŚĞĂƐƐĞƚƌĞǀĂůƵĂƚŝŽŶƌĞƐĞƌǀĞƌĞĐŽƌĚƐĐŚĂŶŐĞƐŝŶĨĂŝƌǀĂůƵĞŽĨŶŽŶͲĐƵƌƌĞŶƚĂƐƐĞƚƐ͘ ŶŶƵĂůůĞĂǀĞ  ϲϭ͕Ϭϲϰ ϰϵ͕ϭϰϳ  >ŽŶŐƐĞƌǀŝĐĞůĞĂǀĞ  ϭϱ͕ϰϮϲ Ϯϰ͕ϱϲϯ EKdϭϭ͗W/d>E>^/E'KDD/dDEd^  ϮϬϭϲ ϮϬϭϱ /ŶƐƵƌĂŶĐĞƉƌŽǀŝƐŝŽŶƐ  ϯϯϳ͕ϰϱϮ Ϯϳϭ͕ϯϮϬ Ψ Ψ dŽƚĂůĐƵƌƌĞŶƚƉƌŽǀŝƐŝŽŶƐ  ϰϭϯ͕ϵϰϮ ϯϰϱ͕ϬϯϬ Ă͘ KƉĞƌĂƚŝŶŐůĞĂƐĞĐŽŵŵŝƚŵĞŶƚƐ       EŽŶͲĐĂŶĐĞůůĂďůĞŽƉĞƌĂƚŝŶŐůĞĂƐĞƐĐŽŶƚƌĂĐƚĞĚĨŽƌďƵƚŶŽƚ   dŽƚĂůƉƌŽǀŝƐŝŽŶƐ  ϰϭϯ͕ϵϰϮ ϯϰϱ͕ϬϯϬ ƌĞĐŽŐŶŝƐĞĚŝŶƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ     WĂLJĂďůĞʹŵŝŶŝŵƵŵůĞĂƐĞƉĂLJŵĞŶƚƐ͗     /ŶƐƵƌĂŶĐĞ ŵƉůŽLJĞĞ dŽƚĂů  ʹ ŶŽƚůĂƚĞƌƚŚĂŶϭϮŵŽŶƚŚƐ  ϱϬ͕ϱϵϯ ϰϵ͕ϰϬϯ WƌŽǀŝƐŝŽŶƐ WƌŽǀŝƐŝŽŶƐ  ʹ ďĞƚǁĞĞŶϭϮŵŽŶƚŚƐĂŶĚĨŝǀĞLJĞĂƌƐ  ϮϲϬ͕ϲϱϱ ϮϬϮ͕ϭϮϰ KƉĞŶŝŶŐďĂůĂŶĐĞϭ:ƵůLJϮϬϭϳ Ϯϳϭ͕ϯϮϬ ϳϯ͕ϳϭϬ ϯϰϱ͕ϬϯϬ  ʹ ůĂƚĞƌƚŚĂŶĨŝǀĞLJĞĂƌƐ  Ϯ͕ϱϲϱ͕ϭϲϲ Ϯ͕ϱϬϲ͕ϮϯϬ ĚĚŝƚŝŽŶĂůƉƌŽǀŝƐŝŽŶƐŵĂĚĞĚƵƌŝŶŐƚŚĞLJĞĂƌ ϲϲ͕ϭϯϮ ϭϬϰ͕Ϭϭϵ ϭϳϬ͕ϭϱϭ   Ϯ͕ϴϳϲ͕ϰϭϰ Ϯ͕ϳϱϳ͕ϳϱϳ ŵŽƵŶƚƐƵƐĞĚ Ͳ ;ϭϬϭ͕ϮϯϵͿ ;ϭϬϭ͕ϮϯϵͿ ď͘ WůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚŽƉĞƌĂƚŝŶŐůĞĂƐĞĐŽŵŵŝƚŵĞŶƚƐ  ůŽƐŝŶŐďĂůĂŶĐĞϯϬ:ƵŶĞϮϬϭϴ ϯϯϳ͕ϰϱϮ ϳϲ͕ϰϵϬ ϰϭϯ͕ϵϰϮ  EŽŶͲĐĂŶĐĞůůĂďůĞϱLJĞĂƌƉŚŽƚŽĐŽƉŝĞƌůĞĂƐĞĂŶĚĂϰLJĞĂƌĐŽĨĨĞĞ     ŵĂĐŚŝŶĞůĞĂƐĞĐŽŶƚƌĂĐƚĞĚĨŽƌďƵƚŶŽƚƌĞĐŽŐŶŝƐĞĚŝŶƚŚĞĨŝŶĂŶĐŝĂů ƐƚĂƚĞŵĞŶƚƐ ŵƉůŽLJĞĞƉƌŽǀŝƐŝŽŶƐʹĂŶŶƵĂůůĞĂǀĞĞŶƚŝƚůĞŵĞŶƚƐ  WĂLJĂďůĞʹŵŝŶŝŵƵŵůĞĂƐĞƉĂLJŵĞŶƚƐ͗    dŚĞƉƌŽǀŝƐŝŽŶĨŽƌĞŵƉůŽLJĞĞďĞŶĞĨŝƚƐƌĞƉƌĞƐĞŶƚƐĂŵŽƵŶƚƐĂĐĐƌƵĞĚĨŽƌĂŶŶƵĂůůĞĂǀĞ͘  ʹ ŶŽƚůĂƚĞƌƚŚĂŶϭϮŵŽŶƚŚƐ  ϳ͕ϴϴϰ ϳ͕ϴϴϰ ĂƐĞĚŽŶƉĂƐƚĞdžƉĞƌŝĞŶĐĞ͕^>^^ĞdžƉĞĐƚƐƚŚĞĨƵůůĂŵŽƵŶƚŽĨƚŚĞĂŶŶƵĂůůĞĂǀĞďĂůĂŶĐĞƚŽďĞƐĞƚƚůĞĚǁŝƚŚŝŶƚŚĞŶĞdžƚϭϮŵŽŶƚŚƐ͘ &ƵƌƚŚĞƌ͕ƚŚĞƐĞĂŵŽƵŶƚƐŵƵƐƚďĞĐůĂƐƐŝĨŝĞĚĂƐĐƵƌƌĞŶƚůŝĂďŝůŝƚŝĞƐƐŝŶĐĞ^>^^ĚŽĞƐŶŽƚŚĂǀĞĂŶƵŶĐŽŶĚŝƚŝŽŶĂůƌŝŐŚƚƚŽĚĞĨĞƌƚŚĞ  ʹ ďĞƚǁĞĞŶϭϮŵŽŶƚŚƐĂŶĚĨŝǀĞLJĞĂƌƐ  ϴ͕ϱϰϭ ϭϲ͕ϰϮϱ ƐĞƚƚůĞŵĞŶƚŽĨƚŚĞƐĞĂŵŽƵŶƚƐŝŶƚŚĞĞǀĞŶƚĞŵƉůŽLJĞĞƐǁŝƐŚƚŽƵƐĞƚŚĞŝƌůĞĂǀĞĞŶƚŝƚůĞŵĞŶƚƐ͘   ϭϲ͕ϰϮϱ Ϯϰ͕ϯϬϵ  Đ͘ KƚŚĞƌĐŽŵŵŝƚŵĞŶƚƐ   ŵƉůŽLJĞĞƉƌŽǀŝƐŝŽŶƐʹůŽŶŐƐĞƌǀŝĐĞůĞĂǀĞĞŶƚŝƚůĞŵĞŶƚƐ  dŚĞƌĞǁĞƌĞŶŽŽƚŚĞƌĐŽŵŵŝƚŵĞŶƚƐƉƌĞƐĞŶƚĂŶĚŶŽƚĂĐĐŽƵŶƚĞĚĨŽƌĂƚϯϬ:ƵŶĞϮϬϭϴ͘ dŚĞƉƌŽǀŝƐŝŽŶĨŽƌĞŵƉůŽLJĞĞďĞŶĞĨŝƚƐŝŶĐůƵĚĞƐĂŵŽƵŶƚƐĂĐĐƌƵĞĚĨŽƌůŽŶŐƐĞƌǀŝĐĞůĞĂǀĞ͘  dŚĞĚĞůĂŝĚĞ^ŚŽƌĞƐ>ĞĂƐĞĐŽŵŵŝƚŵĞŶƚŝƐĂŶŽŶͲĐĂŶĐĞůůĂďůĞŽƉĞƌĂƚŝŶŐůĞĂƐĞǁŝƚŚĂϱϬLJĞĂƌƚĞƌŵ͕ǁŝƚŚƌĞŶƚƉĂLJĂďůĞ ĂƐĞĚŽŶƉĂƐƚĞdžƉĞƌŝĞŶĐĞ͕^>^^ĚŽĞƐŶŽƚĞdžƉĞĐƚƚŚĞĨƵůůĂŵŽƵŶƚŽĨůŽŶŐƐĞƌǀŝĐĞůĞĂǀĞƚŽďĞƐĞƚƚůĞĚǁŚŽůůLJǁŝƚŚŝŶƚŚĞŶĞdžƚϭϮ ŵŽŶƚŚůLJŝŶĂĚǀĂŶĐĞ͕ďĞŐŝŶŶŝŶŐŝŶƵŐƵƐƚϮϬϭϮ͘ ŵŽŶƚŚƐ͘dŚĞƌĞĨŽƌĞƚŚĞĐůŝĞŶƚƌĞĐŽƌĚƐƚŚĞǀĂůƵĞŽĨůŽŶŐƐĞƌǀŝĐĞůĞĂǀĞĂƚƚŚĞƉƌĞƐĞŶƚǀĂůƵĞŽĨĨƵƚƵƌĞĐĂƐŚĨůŽǁƐĞdžƉĞĐƚĞĚƚŽ  ŽŶƚŝŶŐĞŶƚƌĞŶƚĂůƉƌŽǀŝƐŝŽŶƐǁŝƚŚŝŶƚŚĞůĞĂƐĞĂŐƌĞĞŵĞŶƚƌĞƋƵŝƌĞƚŚĂƚƚŚĞŵŝŶŝŵƵŵůĞĂƐĞƉĂLJŵĞŶƚƐƐŚĂůůďĞŝŶĐƌĞĂƐĞĚ ƐĞƚƚůĞƚŚĞŽďůŝŐĂƚŝŽŶ͘,ŽǁĞǀĞƌ͕ĂŶĂŵŽƵŶƚŽĨƚŚŝƐŵƵƐƚďĞĐůĂƐƐŝĨŝĞĚĂƐĂĐƵƌƌĞŶƚůŝĂďŝůŝƚLJďĞĐĂƵƐĞ^>^^ĚŽĞƐŶŽƚŚĂǀĞĂŶ ďLJƚŚĞĐŚĂŶŐĞŝŶƚŚĞĐŽŶƐƵŵĞƌƉƌŝĐĞŝŶĚĞdžƉĞƌĂŶŶƵŵ͕ǁŝƚŚƌĞŶƚĂůƌĞǀŝĞǁƐƚŽƚŚĞŵĂƌŬĞƚďĞŐŝŶŶŝŶŐĂƚƚŚĞ ƵŶĐŽŶĚŝƚŝŽŶĂůƌŝŐŚƚƚŽĚĞĨĞƌƚŚĞƐĞƚƚůĞŵĞŶƚŽĨƚŚĞĂŵŽƵŶƚŝŶƚŚĞĞǀĞŶƚĞŵƉůŽLJĞĞƐǁŝƐŚƚŽƵƐĞƚŚĞŝƌůĞĂǀĞĞŶƚŝƚůĞŵĞŶƚƐ͘ ĐŽŵŵĞŶĐĞŵĞŶƚŽĨLJĞĂƌϭϬŽĨƚŚĞůĞĂƐĞ͕ĂŶĚĞǀĞƌLJϱLJĞĂƌƐƐƵďƐĞƋƵĞŶƚƚŽƚŚŝƐĚĂƚĞ͘   ƵƌŝŶŐƚŚĞϮϬϭϯĨŝŶĂŶĐŝĂůLJĞĂƌŝƚǁĂƐĂŐƌĞĞĚƚŚĞ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐŝƐĞŶƚŝƚůĞĚƚŽĂŶĂŶŶƵĂůƌĞŶƚ WƌŽǀŝƐŝŽŶƐʹŝŶƐƵƌĂŶĐĞƉƌŽǀŝƐŝŽŶ ƌĞďĂƚĞŶŽƚĞdžĐĞĞĚŝŶŐϱϬйĨŽƌƚŚĞĨŝƌƐƚϱLJĞĂƌƐŽĨƚŚĞĂŐƌĞĞŵĞŶƚ͘dŚĞƌĞďĂƚĞǁŝůůďĞƐƵďũĞĐƚƚŽƌĞǀŝĞǁƐĂƚůĞĂƐƚĞǀĞƌLJϱ LJĞĂƌƐĚƵƌŝŶŐƚŚĞƚĞƌŵŽĨƚŚĞůĞĂƐĞ͕ƚŚĞƌĞďĂƚĞŵĂLJďĞƌĞĚƵĐĞĚďLJĂŵĂdžŝŵƵŵŽĨϯϯйĨŽůůŽǁŝŶŐĞĂĐŚƌĞǀŝĞǁ͘ dŚĞƉƌŽǀŝƐŝŽŶĨŽƌŝŶƐƵƌĂŶĐĞŝŶĐůƵĚĞƐĂŵŽƵŶƚƐƉƌŽǀŝĚĞĚďLJ^>^^ƚŽĐŽǀĞƌĐůƵďƐĂŶĚŵĞŵďĞƌƐŵĞĚŝĐĂůŝŶƐƵƌĂŶĐĞĐůĂŝŵƐ͘  ^>^^ƌĞĐĞŝǀĞƐĂŶŝŶƐƵƌĂŶĐĞƉƌĞŵŝƵŵĨƌŽŵĐůƵďƐĂŶĚŵĞŵďĞƌƐƚŽĐŽǀĞƌĐůƵďĂƐƐĞƚƐĂŶĚŵĞŵďĞƌƐŵĞĚŝĐĂůŝŶƐƵƌĂŶĐĞĐůĂŝŵƐ͘ hŶĚĞƌƚŚŝƐŝŶƐƵƌĂŶĐĞƐĐŚĞŵĞ͕^>^^ŚĂƐĂŶŽďůŝŐĂƚŝŽŶƚŽƉĂLJƚŚĞŝŶƐƵƌĂŶĐĞĐůĂŝŵƐŽĨĐůƵďƐĂŶĚŵĞŵďĞƌƐƵƉƚŽĂĚĞƚĞƌŵŝŶĂďůĞ EKdϭϮ͗KEd/E'Ed>//>/d/^EKEd/E'Ed^^d^ ůĞǀĞů͘dŚĞĞŶƚŝƌĞďĂůĂŶĐĞŝƐƌĞĐŽƌĚĞĚĂƐĐƵƌƌĞŶƚůŝĂďŝůŝƚLJďĞĐĂƵƐĞ^>^^ĚŽĞƐŶŽƚŚĂǀĞĂŶƵŶĐŽŶĚŝƚŝŽŶĂůƌŝŐŚƚƚŽĚĞĨĞƌƚŚĞ /ŶƚŚĞŽƉŝŶŝŽŶŽĨƚŚĞďŽĂƌĚ͕ƚŚĞƌĞǁĞƌĞŶŽĐŽŶƚŝŶŐĞŶƚůŝĂďŝůŝƚŝĞƐŽƌĐŽŶƚŝŶŐĞŶƚĂƐƐĞƚƐƉƌĞƐĞŶƚĂƚϯϬ:ƵŶĞϮϬϭϴ͘ ƐĞƚƚůĞŵĞŶƚŽĨƚŚĞĂŵŽƵŶƚŝŶƚŚĞĞǀĞŶƚƚŚĂƚĂĐůĂŝŵŝƐŵĂĚĞ͘      

ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϭϵ ϮϬϭϴ&ŝŶĂŶĐŝĂůZĞƉŽƌƚͮ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐ  WĂŐĞϮϬ 685)/,)(6$9,1*6287+$8675$/,$,1& 685)/,)(6$9,1*6287+$8675$/,$,1&   EKd^dKd,&/EE/>^ddDEd^ EKd^dKd,&/EE/>^ddDEd^ &KZd,zZEϯϬ:hEϮϬϭϴ &KZd,zZEϯϬ:hEϮϬϭϴ   EKdϵ͗WZKs/^/KE^ EŽƚĞ ϮϬϭϴ ϮϬϭϳ EKdϭϬ͗Z^Zs^ Ψ Ψ ƐƐĞƚƌĞǀĂůƵĂƚŝŽŶƌĞƐĞƌǀĞ hZZEd   dŚĞĂƐƐĞƚƌĞǀĂůƵĂƚŝŽŶƌĞƐĞƌǀĞƌĞĐŽƌĚƐĐŚĂŶŐĞƐŝŶĨĂŝƌǀĂůƵĞŽĨŶŽŶͲĐƵƌƌĞŶƚĂƐƐĞƚƐ͘ ŶŶƵĂůůĞĂǀĞ  ϲϭ͕Ϭϲϰ ϰϵ͕ϭϰϳ  >ŽŶŐƐĞƌǀŝĐĞůĞĂǀĞ  ϭϱ͕ϰϮϲ Ϯϰ͕ϱϲϯ EKdϭϭ͗W/d>E>^/E'KDD/dDEd^  ϮϬϭϲ ϮϬϭϱ /ŶƐƵƌĂŶĐĞƉƌŽǀŝƐŝŽŶƐ  ϯϯϳ͕ϰϱϮ Ϯϳϭ͕ϯϮϬ Ψ Ψ dŽƚĂůĐƵƌƌĞŶƚƉƌŽǀŝƐŝŽŶƐ  ϰϭϯ͕ϵϰϮ ϯϰϱ͕ϬϯϬ Ă͘ KƉĞƌĂƚŝŶŐůĞĂƐĞĐŽŵŵŝƚŵĞŶƚƐ       EŽŶͲĐĂŶĐĞůůĂďůĞŽƉĞƌĂƚŝŶŐůĞĂƐĞƐĐŽŶƚƌĂĐƚĞĚĨŽƌďƵƚŶŽƚ   dŽƚĂůƉƌŽǀŝƐŝŽŶƐ  ϰϭϯ͕ϵϰϮ ϯϰϱ͕ϬϯϬ ƌĞĐŽŐŶŝƐĞĚŝŶƚŚĞĨŝŶĂŶĐŝĂůƐƚĂƚĞŵĞŶƚƐ     WĂLJĂďůĞʹŵŝŶŝŵƵŵůĞĂƐĞƉĂLJŵĞŶƚƐ͗     /ŶƐƵƌĂŶĐĞ ŵƉůŽLJĞĞ dŽƚĂů  ʹ ŶŽƚůĂƚĞƌƚŚĂŶϭϮŵŽŶƚŚƐ  ϱϬ͕ϱϵϯ ϰϵ͕ϰϬϯ WƌŽǀŝƐŝŽŶƐ WƌŽǀŝƐŝŽŶƐ  ʹ ďĞƚǁĞĞŶϭϮŵŽŶƚŚƐĂŶĚĨŝǀĞLJĞĂƌƐ  ϮϲϬ͕ϲϱϱ ϮϬϮ͕ϭϮϰ KƉĞŶŝŶŐďĂůĂŶĐĞϭ:ƵůLJϮϬϭϳ Ϯϳϭ͕ϯϮϬ ϳϯ͕ϳϭϬ ϯϰϱ͕ϬϯϬ  ʹ ůĂƚĞƌƚŚĂŶĨŝǀĞLJĞĂƌƐ  Ϯ͕ϱϲϱ͕ϭϲϲ Ϯ͕ϱϬϲ͕ϮϯϬ ĚĚŝƚŝŽŶĂůƉƌŽǀŝƐŝŽŶƐŵĂĚĞĚƵƌŝŶŐƚŚĞLJĞĂƌ ϲϲ͕ϭϯϮ ϭϬϰ͕Ϭϭϵ ϭϳϬ͕ϭϱϭ   Ϯ͕ϴϳϲ͕ϰϭϰ Ϯ͕ϳϱϳ͕ϳϱϳ ŵŽƵŶƚƐƵƐĞĚ Ͳ ;ϭϬϭ͕ϮϯϵͿ ;ϭϬϭ͕ϮϯϵͿ ď͘ WůĂŶƚĂŶĚĞƋƵŝƉŵĞŶƚŽƉĞƌĂƚŝŶŐůĞĂƐĞĐŽŵŵŝƚŵĞŶƚƐ  ůŽƐŝŶŐďĂůĂŶĐĞϯϬ:ƵŶĞϮϬϭϴ ϯϯϳ͕ϰϱϮ ϳϲ͕ϰϵϬ ϰϭϯ͕ϵϰϮ  EŽŶͲĐĂŶĐĞůůĂďůĞϱLJĞĂƌƉŚŽƚŽĐŽƉŝĞƌůĞĂƐĞĂŶĚĂϰLJĞĂƌĐŽĨĨĞĞ     ŵĂĐŚŝŶĞůĞĂƐĞĐŽŶƚƌĂĐƚĞĚĨŽƌďƵƚŶŽƚƌĞĐŽŐŶŝƐĞĚŝŶƚŚĞĨŝŶĂŶĐŝĂů ƐƚĂƚĞŵĞŶƚƐ ŵƉůŽLJĞĞƉƌŽǀŝƐŝŽŶƐʹĂŶŶƵĂůůĞĂǀĞĞŶƚŝƚůĞŵĞŶƚƐ  WĂLJĂďůĞʹŵŝŶŝŵƵŵůĞĂƐĞƉĂLJŵĞŶƚƐ͗    dŚĞƉƌŽǀŝƐŝŽŶĨŽƌĞŵƉůŽLJĞĞďĞŶĞĨŝƚƐƌĞƉƌĞƐĞŶƚƐĂŵŽƵŶƚƐĂĐĐƌƵĞĚĨŽƌĂŶŶƵĂůůĞĂǀĞ͘  ʹ ŶŽƚůĂƚĞƌƚŚĂŶϭϮŵŽŶƚŚƐ  ϳ͕ϴϴϰ ϳ͕ϴϴϰ ĂƐĞĚŽŶƉĂƐƚĞdžƉĞƌŝĞŶĐĞ͕^>^^ĞdžƉĞĐƚƐƚŚĞĨƵůůĂŵŽƵŶƚŽĨƚŚĞĂŶŶƵĂůůĞĂǀĞďĂůĂŶĐĞƚŽďĞƐĞƚƚůĞĚǁŝƚŚŝŶƚŚĞŶĞdžƚϭϮŵŽŶƚŚƐ͘ &ƵƌƚŚĞƌ͕ƚŚĞƐĞĂŵŽƵŶƚƐŵƵƐƚďĞĐůĂƐƐŝĨŝĞĚĂƐĐƵƌƌĞŶƚůŝĂďŝůŝƚŝĞƐƐŝŶĐĞ^>^^ĚŽĞƐŶŽƚŚĂǀĞĂŶƵŶĐŽŶĚŝƚŝŽŶĂůƌŝŐŚƚƚŽĚĞĨĞƌƚŚĞ  ʹ ďĞƚǁĞĞŶϭϮŵŽŶƚŚƐĂŶĚĨŝǀĞLJĞĂƌƐ  ϴ͕ϱϰϭ ϭϲ͕ϰϮϱ ƐĞƚƚůĞŵĞŶƚŽĨƚŚĞƐĞĂŵŽƵŶƚƐŝŶƚŚĞĞǀĞŶƚĞŵƉůŽLJĞĞƐǁŝƐŚƚŽƵƐĞƚŚĞŝƌůĞĂǀĞĞŶƚŝƚůĞŵĞŶƚƐ͘   ϭϲ͕ϰϮϱ Ϯϰ͕ϯϬϵ  Đ͘ KƚŚĞƌĐŽŵŵŝƚŵĞŶƚƐ   ŵƉůŽLJĞĞƉƌŽǀŝƐŝŽŶƐʹůŽŶŐƐĞƌǀŝĐĞůĞĂǀĞĞŶƚŝƚůĞŵĞŶƚƐ  dŚĞƌĞǁĞƌĞŶŽŽƚŚĞƌĐŽŵŵŝƚŵĞŶƚƐƉƌĞƐĞŶƚĂŶĚŶŽƚĂĐĐŽƵŶƚĞĚĨŽƌĂƚϯϬ:ƵŶĞϮϬϭϴ͘ dŚĞƉƌŽǀŝƐŝŽŶĨŽƌĞŵƉůŽLJĞĞďĞŶĞĨŝƚƐŝŶĐůƵĚĞƐĂŵŽƵŶƚƐĂĐĐƌƵĞĚĨŽƌůŽŶŐƐĞƌǀŝĐĞůĞĂǀĞ͘  dŚĞĚĞůĂŝĚĞ^ŚŽƌĞƐ>ĞĂƐĞĐŽŵŵŝƚŵĞŶƚŝƐĂŶŽŶͲĐĂŶĐĞůůĂďůĞŽƉĞƌĂƚŝŶŐůĞĂƐĞǁŝƚŚĂϱϬLJĞĂƌƚĞƌŵ͕ǁŝƚŚƌĞŶƚƉĂLJĂďůĞ ĂƐĞĚŽŶƉĂƐƚĞdžƉĞƌŝĞŶĐĞ͕^>^^ĚŽĞƐŶŽƚĞdžƉĞĐƚƚŚĞĨƵůůĂŵŽƵŶƚŽĨůŽŶŐƐĞƌǀŝĐĞůĞĂǀĞƚŽďĞƐĞƚƚůĞĚǁŚŽůůLJǁŝƚŚŝŶƚŚĞŶĞdžƚϭϮ ŵŽŶƚŚůLJŝŶĂĚǀĂŶĐĞ͕ďĞŐŝŶŶŝŶŐŝŶƵŐƵƐƚϮϬϭϮ͘ ŵŽŶƚŚƐ͘dŚĞƌĞĨŽƌĞƚŚĞĐůŝĞŶƚƌĞĐŽƌĚƐƚŚĞǀĂůƵĞŽĨůŽŶŐƐĞƌǀŝĐĞůĞĂǀĞĂƚƚŚĞƉƌĞƐĞŶƚǀĂůƵĞŽĨĨƵƚƵƌĞĐĂƐŚĨůŽǁƐĞdžƉĞĐƚĞĚƚŽ  ŽŶƚŝŶŐĞŶƚƌĞŶƚĂůƉƌŽǀŝƐŝŽŶƐǁŝƚŚŝŶƚŚĞůĞĂƐĞĂŐƌĞĞŵĞŶƚƌĞƋƵŝƌĞƚŚĂƚƚŚĞŵŝŶŝŵƵŵůĞĂƐĞƉĂLJŵĞŶƚƐƐŚĂůůďĞŝŶĐƌĞĂƐĞĚ ƐĞƚƚůĞƚŚĞŽďůŝŐĂƚŝŽŶ͘,ŽǁĞǀĞƌ͕ĂŶĂŵŽƵŶƚŽĨƚŚŝƐŵƵƐƚďĞĐůĂƐƐŝĨŝĞĚĂƐĂĐƵƌƌĞŶƚůŝĂďŝůŝƚLJďĞĐĂƵƐĞ^>^^ĚŽĞƐŶŽƚŚĂǀĞĂŶ ďLJƚŚĞĐŚĂŶŐĞŝŶƚŚĞĐŽŶƐƵŵĞƌƉƌŝĐĞŝŶĚĞdžƉĞƌĂŶŶƵŵ͕ǁŝƚŚƌĞŶƚĂůƌĞǀŝĞǁƐƚŽƚŚĞŵĂƌŬĞƚďĞŐŝŶŶŝŶŐĂƚƚŚĞ ƵŶĐŽŶĚŝƚŝŽŶĂůƌŝŐŚƚƚŽĚĞĨĞƌƚŚĞƐĞƚƚůĞŵĞŶƚŽĨƚŚĞĂŵŽƵŶƚŝŶƚŚĞĞǀĞŶƚĞŵƉůŽLJĞĞƐǁŝƐŚƚŽƵƐĞƚŚĞŝƌůĞĂǀĞĞŶƚŝƚůĞŵĞŶƚƐ͘ ĐŽŵŵĞŶĐĞŵĞŶƚŽĨLJĞĂƌϭϬŽĨƚŚĞůĞĂƐĞ͕ĂŶĚĞǀĞƌLJϱLJĞĂƌƐƐƵďƐĞƋƵĞŶƚƚŽƚŚŝƐĚĂƚĞ͘   ƵƌŝŶŐƚŚĞϮϬϭϯĨŝŶĂŶĐŝĂůLJĞĂƌŝƚǁĂƐĂŐƌĞĞĚƚŚĞ^ƵƌĨ>ŝĨĞ^ĂǀŝŶŐ^ŽƵƚŚƵƐƚƌĂůŝĂ/ŶĐŝƐĞŶƚŝƚůĞĚƚŽĂŶĂŶŶƵĂůƌĞŶƚ WƌŽǀŝƐŝŽŶƐʹŝŶƐƵƌĂŶĐĞƉƌŽǀŝƐŝŽŶ ƌĞďĂƚĞŶŽƚĞdžĐĞĞĚŝŶŐϱϬйĨŽƌƚŚĞĨŝƌƐƚϱLJĞĂƌƐŽĨƚŚĞĂŐƌĞĞŵĞŶƚ͘dŚĞƌĞďĂƚĞǁŝůůďĞƐƵďũĞĐƚƚŽƌĞǀŝĞǁƐĂƚůĞĂƐƚĞǀĞƌLJϱ LJĞĂƌƐĚƵƌŝŶŐƚŚĞƚĞƌŵŽĨƚŚĞůĞĂƐĞ͕ƚŚĞƌĞďĂƚĞŵĂLJďĞƌĞĚƵĐĞĚďLJĂŵĂdžŝŵƵŵŽĨϯϯйĨŽůůŽǁŝŶŐĞĂĐŚƌĞǀŝĞǁ͘ dŚĞƉƌŽǀŝƐŝŽŶĨŽƌŝŶƐƵƌĂŶĐĞŝŶĐůƵĚĞƐĂŵŽƵŶƚƐƉƌŽǀŝĚĞĚďLJ^>^^ƚŽĐŽǀĞƌĐůƵďƐĂŶĚŵĞŵďĞƌƐŵĞĚŝĐĂůŝŶƐƵƌĂŶĐĞĐůĂŝŵƐ͘  ^>^^ƌĞĐĞŝǀĞƐĂŶŝŶƐƵƌĂŶĐĞƉƌĞŵŝƵŵĨƌŽŵĐůƵďƐĂŶĚŵĞŵďĞƌƐƚŽĐŽǀĞƌĐůƵďĂƐƐĞƚƐĂŶĚŵĞŵďĞƌƐŵĞĚŝĐĂůŝŶƐƵƌĂŶĐĞĐůĂŝŵƐ͘ hŶĚĞƌƚŚŝƐŝŶƐƵƌĂŶĐĞƐĐŚĞŵĞ͕^>^^ŚĂƐĂŶŽďůŝŐĂƚŝŽŶƚŽƉĂLJƚŚĞŝŶƐƵƌĂŶĐĞĐůĂŝŵƐŽĨĐůƵďƐĂŶĚŵĞŵďĞƌƐƵƉƚŽĂĚĞƚĞƌŵŝŶĂďůĞ EKdϭϮ͗KEd/E'Ed>//>/d/^EKEd/E'Ed^^d^ ůĞǀĞů͘dŚĞĞŶƚŝƌĞďĂůĂŶĐĞŝƐƌĞĐŽƌĚĞĚĂƐĐƵƌƌĞŶƚůŝĂďŝůŝƚLJďĞĐĂƵƐĞ^>^^ĚŽĞƐŶŽƚŚĂǀĞĂŶƵŶĐŽŶĚŝƚŝŽŶĂůƌŝŐŚƚƚŽĚĞĨĞƌƚŚĞ /ŶƚŚĞŽƉŝŶŝŽŶŽĨƚŚĞďŽĂƌĚ͕ƚŚĞƌĞǁĞƌĞŶŽĐŽŶƚŝŶŐĞŶƚůŝĂďŝůŝƚŝĞƐŽƌĐŽŶƚŝŶŐĞŶƚĂƐƐĞƚƐƉƌĞƐĞŶƚĂƚϯϬ:ƵŶĞϮϬϭϴ͘ ƐĞƚƚůĞŵĞŶƚŽĨƚŚĞĂŵŽƵŶƚŝŶƚŚĞĞǀĞŶƚƚŚĂƚĂĐůĂŝŵŝƐŵĂĚĞ͘      

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