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65 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ƵƌďŽƚ;EͿ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ DĂŶĂŐĞŚĂƌǀĞƐƚƚŽƉƌŽƚĞĐƚƐƉĂǁŶŝŶŐĂĚƵůƚƐ͘  DŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶŝŶDŽŶƚĂŶĂĂŶĚƌŝƚŝƐŚ ŽůƵŵďŝĂƚŽŝĚĞŶƚŝĨLJƉŽƉƵůĂƚŝŽŶƐƚƌƵĐƚƵƌĞ ĂŶĚŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽŝŵƉƌŽǀĞůĞŶŐƚŚĂƚ ŚĂƌǀĞƐƚĨŽƌĂŶŐůŝŶŐŽŶďŽƚŚƐŝĚĞƐŽĨƚŚĞ ďŽƌĚĞƌ͘/ĚĞŶƚŝĨLJƉŽƚĞŶƚŝĂůĨŽƌƉŽƉƵůĂƚŝŽŶ ĞŶŚĂŶĐĞŵĞŶƚƚŚƌŽƵŐŚŚĂƚĐŚĞƌLJ ĂƵŐŵĞŶƚĂƚŝŽŶ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŶĐŽŽƉĞƌĂƚŝŽŶǁŝƚŚY͕ŵŽŶŝƚŽƌůĂŬĞǁĂƚĞƌĂŶĚƐĞĚŝŵĞŶƚƋƵĂůŝƚLJĂŶĚĨŝƐŚƚŽĚĞƚĞƌŵŝŶĞĞĨĨĞĐƚƐŽĨƐĞůĞŶŝƵŵƉƌŽĚƵĐĞĚĨƌŽŵ ƌŝƚŝƐŚŽůƵŵďŝĂŽƉĞŶͲƉŝƚĐŽĂůŵŝŶĞƐ͘/ĚĞŶƚŝĨLJƌĞƐĞƌǀŽŝƌŽƉĞƌĂƚŝŽŶƐƚŚĂƚŝŵƉƌŽǀĞƌĞƐĞƌǀŽŝƌƉƌŽĚƵĐƚŝǀŝƚLJĂŶĚƋƵĂůŝƚLJĂŶŐůŝŶŐ͘ dŽďĂĐĐŽZŝǀĞƌ ϮϮ͘ϵŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů ĂŶĚdƌŝďƵƚĂƌŝĞƐͲ    ƚƌŽƵƚ͘ĚƵĐĂƚĞĂŶŐůĞƌƐŽŶĐĂƚĐŚͲĂŶĚͲƌĞůĞĂƐĞ ,ĞĂĚǁĂƚĞƌƐ    ƚĞĐŚŶŝƋƵĞƐƚŽƌĞĚƵĐĞďLJͲĐĂƚĐŚŵŽƌƚĂůŝƚLJ͘ ĚŽǁŶƐƚƌĞĂŵƚŽ    ŽŶƚŝŶƵĞƚŽǁŽƌŬǁŝƚŚĂŐĞŶĐŝĞƐƚŽŝŵƉƌŽǀĞ >ĂŬĞ<ŽŽĐĂŶƵƐĂ    ŚĂďŝƚĂƚŝŶĐŽƌĞĂƌĞĂƐ͘tŽƌŬǁŝƚŚŝƌƌŝŐĂƚŽƌƐ     ĂŶĚĂŐĞŶĐŝĞƐƚŽĞůŝŵŝŶĂƚĞĂĚƵůƚůŽƐƐĂŶĚ     ƌĞĚƵĐĞͬĞůŝŵŝŶĂƚĞĨƌLJůŽƐƐŝŶƐLJƐƚĞŵ͘     tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ 'ĞŶĞƌĂů ŶŚĂŶĐĞĨůƵǀŝĂůƉŽƉƵůĂƚŝŽŶƐĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶ    ĂŶĚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚŝĞƐ͘     ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ    ŚĂƌǀĞƐƚůĞǀĞů͘     ƌŽŽŬdƌŽƵƚ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ tŚĞƌĞƉƌĂĐƚŝĐĂů͕ŵĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚ  ŽƉƉŽƌƚƵŶŝƚŝĞƐ͘tŚĞƌĞĨĞĂƐŝďůĞ ƌĞĚƵĐĞͬĞůŝŵŝŶĂƚĞĐŽŵƉĞƚŝŶŐƉŽƉƵůĂƚŝŽŶƐƚŽ ŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tĂƚĞƌƌŝŐŚƚƐĂƌĞŽǀĞƌĂůůŽĐĂƚĞĚŝŶ'ƌĂǀĞƌĞĞŬ͖ǁŽƌŬǁŝƚŚŝƌƌŝŐĂƚŽƌƐƚŽŵĂŝŶƚĂŝŶͬŝŵƉƌŽǀĞĨůŽǁƐƚŽƐƵƉƉŽƌƚŶĂƚŝǀĞƐƉĞĐŝĞƐ͘ 

66 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ƵƌĞŬĂŚĂŝŶ  ZĂŝŶďŽǁƚƌŽƵƚ͕;'ĞƌƌĂƌĚ͕ĂŐůĞ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ >ĂŬĞƐ͗  >ĂŬĞ͕ZĞĚďĂŶĚͿ   ŚĂƌǀĞƐƚůĞǀĞů͘&Žƌ>ŽƐƚ>ĂŬĞ͕ŵĂŶĂŐĞƚƌŽƵƚ &ƌĂŶŬ ϭϰϵĂĐƌĞƐ    ŚĂƌǀĞƐƚƚŽĞŶŚĂŶĐĞƐŝnjĞ͘ŽƐƚƌĂŝŶĞǀĂůƵĂƚŝŽŶ ZŽĐŬ ϯϳĂĐƌĞƐ    ƚŽĚĞƚĞƌŵŝŶĞĂŐĞĐůĂƐƐƐƵĐĐĞƐƐĂŶĚƌĞƚƵƌŶƚŽ >ŽƐƚ ϯϱĂĐƌĞƐ    ĐƌĞĞů͘ dŝŵďĞƌZŽĐŬ ϯϭĂĐƌĞƐ     KƚŚĞƌ^ŵĂůů  <ŽŬĂŶĞĞƐĂůŵŽŶ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ WƌŽǀŝĚĞŽƉƉŽƌƚƵŶŝƚLJĨŽƌƌĞĐƌĞĂƚŝŽŶĂůŚĂƌǀĞƐƚ >ĂŬĞƐ    ǁŚĞŶĨĞĂƐŝďůĞ;Ğ͘Ő͕͘&ƌĂŶŬ>ĂŬĞͿďĂƐĞĚŽŶ    ŚĂƚĐŚĞƌLJĂǀĂŝůĂďŝůŝƚLJĂŶĚǁĂƚĞƌƋƵĂůŝƚLJ    ;ĂůŬĂůŝŶŝƚLJůĞǀĞůƐͿ͘     ƌŽŽŬƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ŽŶĚƵĐƚŽŶĨĞĂƐŝďŝůŝƚLJŽĨƌĞͲŝŶƚƌŽĚƵĐŝŶŐ  ďƌŽŽŬƚƌŽƵƚŝŶƚŽƐĞůĞĐƚĞĚĐůŽƐĞĚďĂƐŝŶůĂŬĞƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DŽŶŝƚŽƌƚŽƚĂůĂůŬĂůŝŶŝƚLJ͕ĚŝƐƐŽůǀĞĚŽdžLJŐĞŶůĞǀĞůƐĂŶĚůĂŬĞĞůĞǀĂƚŝŽŶƐƚŽŚĞůƉĚĞƚĞƌŵŝŶĞƐƚŽĐŬŝŶŐƐƵĐĐĞƐƐ

'ůĞŶ>ĂŬĞ ϯϬϭĂĐƌĞƐ <ŽŬĂŶĞĞƐĂůŵŽŶ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ     ŚĂƌǀĞƐƚůĞǀĞů͘ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌ     ƉŽƉƵůĂƚŝŽŶĂŶĚĚĞƚĞƌŵŝŶĞƐƚŽĐŬŝŶŐƌĂƚĞƐƚŚĂƚ     ƉƌŽŵŽƚĞŽƉƉŽƌƚƵŶŝƚLJĨŽƌůĂƌŐĞƌŬŽŬĂŶĞĞ͘       ZĂŝŶďŽǁƚƌŽƵƚ;'ĞƌƌĂƌĚͿ ,ĂƚĐŚĞƌLJ YƵĂůŝƚLJ džƉůŽƌĞŽƉƉŽƌƚƵŶŝƚLJƚŽƐƚŽĐŬůŝŵŝƚĞĚŶƵŵďĞƌ     ŽĨ'ĞƌƌĂƌĚƌĂŝŶďŽǁƚƌŽƵƚƚŽƉƌŽĚƵĐĞƚƌŽƉŚLJ     ĨŝƐŚĞƌLJ͘       ƵƌďŽƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶůŝŵŝƚĞĚŚĂƌǀĞƐƚĂŶĚƌĞĐƌĞĂƚŝŽŶĂů  ŽƉƉŽƌƚƵŶŝƚLJ͘DŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƚŽŝĚĞŶƚŝĨLJ  ƉŽƉƵůĂƚŝŽŶƐƚƌƵĐƚƵƌĞĂŶĚŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽ  ŝŵƉƌŽǀĞůĞŶŐƚŚĂƚŚĂƌǀĞƐƚĨŽƌƋƵĂůŝƚLJĂŶŐůŝŶŐ  ƚŚƌŽƵŐŚƌĞŐƵůĂƚŝŽŶ͘/ĚĞŶƚŝĨLJƉŽƚĞŶƚŝĂůĨŽƌ  ƉŽƉƵůĂƚŝŽŶĞŶŚĂŶĐĞŵĞŶƚƚŚƌŽƵŐŚŚĂƚĐŚĞƌLJ  ĂƵŐŵĞŶƚĂƚŝŽŶ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tŽƌŬǁŝƚŚ>ŝŶĐŽůŶŽƵŶƚLJƚŽƌĞĚƵĐĞŝŵƉĂĐƚƐŽĨƐŚŽƌĞůŝŶĞĐŽŶƐƚƌƵĐƚŝŽŶ͘>ĂŬĞĞůĞǀĂƚŝŽŶƐĂƌĞĐŽŶƚƌŽůůĞĚďLJ'ůĞŶ>ĂŬĞŝƌƌŝŐĂƚŝŽŶ ĚŝƐƚƌŝĐƚ͘

67 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ dĞŶ>ĂŬĞƐ^ĐĞŶŝĐ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚͬ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞͬ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ ĂƌĞĂůĂŬĞƐ͗   'ĞŶĞƌĂů ŚĂƌǀĞƐƚůĞǀĞů͘tŚĞƌĞƉƌĂĐƚŝĐĂůĞŶŚĂŶĐĞ ŝŐdŚĞƌƌŝĂƵůƚ ϱϲĂĐƌĞƐ   ƉŽƉƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘ >ŝƚƚůĞdŚĞƌƌŝĂƵůƚ ϮϴĂĐƌĞƐ   tŚĞƌĞĨĞĂƐŝďůĞ͕ƉƌŽƚĞĐƚŶŽŶͲŝŶƚƌŽŐƌĞƐƐĞĚ ZĂŝŶďŽǁ ϵĂĐƌĞƐ   ƉŽƉƵůĂƚŝŽŶƐĂŶĚƌĞƐƚŽƌĞŐĞŶĞƚŝĐŝŶƚĞŐƌŝƚLJƚŽ hƉƉĞƌtŽůǀĞƌŝŶĞ ϴĂĐƌĞƐ   ŝŶƚƌŽŐƌĞƐƐĞĚƉŽƉƵůĂƚŝŽŶƐ͘ĚũƵƐƚͬĞůŝŵŝŶĂƚĞ >ŽǁĞƌtŽůǀĞƌŝŶĞ ϱĂĐƌĞƐ   ƐƚŽĐŬŝŶŐŝŶůĂŬĞƐǁŝƚŚŶĂƚƵƌĂůƌĞƉƌŽĚƵĐƚŝŽŶ͘ Ăƚ ϱĂĐƌĞƐ   ůƵĞŝƌĚ ϯĂĐƌĞƐ  dĞƚƌĂƵůƚ ϵϲĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ;'ĞƌƌĂƌĚ͕ĂŐůĞ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ ;ĂƌƉĞŶƚĞƌͿ>ĂŬĞ  >ĂŬĞ͕ƌĞĚďĂŶĚͿ͕   ŚĂƌǀĞƐƚůĞǀĞů͘   tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ        >ĂƌŐĞŵŽƵƚŚďĂƐƐ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ tŚĞƌĞƉƌĂĐƚŝĐĂů͕ŵĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐ ŽƉƉŽƌƚƵŶŝƚLJĂŶĚŚĂƌǀĞƐƚůĞǀĞů͘tŚĞƌĞ ĨĞĂƐŝďůĞƌĞĚƵĐĞͬĞůŝŵŝŶĂƚĞƉŽƉƵůĂƚŝŽŶƐƚŽ ŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘ ^ŽƉŚŝĞ>ĂŬĞ ϮϮϭĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ;'ĞƌƌĂƌĚ͕ĂŐůĞ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ  >ĂŬĞ͕ZĞĚďĂŶĚͿtĞƐƚƐůŽƉĞ   ŚĂƌǀĞƐƚůĞǀĞů͘  ĐƵƚƚŚƌŽĂƚƚƌŽƵƚ          <ŽŬĂŶĞĞƐĂůŵŽŶ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ tŚĞŶĨĞĂƐŝďůĞďĂƐĞĚŽŶŚĂƚĐŚĞƌLJĂǀĂŝůĂďŝůŝƚLJ͕     ƉƌŽǀŝĚĞŽƉƉŽƌƚƵŶŝƚLJĨŽƌƌĞĐƌĞĂƚŝŽŶĂůŚĂƌǀĞƐƚ͘       ƵƌďŽƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶůŝŵŝƚĞĚŚĂƌǀĞƐƚĂŶĚƌĞĐƌĞĂƚŝŽŶĂů     ŽƉƉŽƌƚƵŶŝƚLJ͘DŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƚŽŝĚĞŶƚŝĨLJ     ƉŽƉƵůĂƚŝŽŶƐƚƌƵĐƚƵƌĞĂŶĚŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽ     ŝŵƉƌŽǀĞůĞŶŐƚŚĂƚŚĂƌǀĞƐƚĨŽƌƋƵĂůŝƚLJĂŶŐůŝŶŐ     ƚŚƌŽƵŐŚƌĞŐƵůĂƚŝŽŶ͘/ĚĞŶƚŝĨLJƉŽƚĞŶƚŝĂůĨŽƌ     ƉŽƉƵůĂƚŝŽŶĞŶŚĂŶĐĞŵĞŶƚƚŚƌŽƵŐŚŚĂƚĐŚĞƌLJ     ĂƵŐŵĞŶƚĂƚŝŽŶ͘ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ   

68 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  EŽƌƚŚĞƌŶƉŝŬĞ͕LJĞůůŽǁƉĞƌĐŚ͕ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ tŚĞƌĞƉƌĂĐƚŝĐĂů͕ŵĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐ  ďůƵĞŐŝůů͕ƐƵŶĨŝƐŚ ŽƉƉŽƌƚƵŶŝƚLJĂŶĚŚĂƌǀĞƐƚůĞǀĞů͘tŚĞƌĞ   ĨĞĂƐŝďůĞƌĞĚƵĐĞͬĞůŝŵŝŶĂƚĞƉŽƉƵůĂƚŝŽŶƐƚŽ   ŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘ <ŽŽƚĞŶĂŝZŝǀĞƌ ϯ͘ϱŵŝůĞƐ ƵůůdƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů ĂŶĚdƌŝďƵƚĂƌŝĞƐͲ     ƚƌŽƵƚ͘ĚƵĐĂƚĞĂŶŐůĞƌƐŽŶĐĂƚĐŚͲĂŶĚͲƌĞůĞĂƐĞ >ŝďďLJĂŵ     ƚĞĐŚŶŝƋƵĞƐƚŽƌĞĚƵĐĞďLJͲĐĂƚĐŚŵŽƌƚĂůŝƚLJ͘ ŽǁŶƐƚƌĞĂŵƚŽ     ŽŶƚŝŶƵĞƚŽǁŽƌŬǁŝƚŚĂŐĞŶĐŝĞƐĂŶĚŵŝŶŝŶŐ &ŝƐŚĞƌZŝǀĞƌ     ŝŶƚĞƌĞƐƚƐƚŽŝŵƉƌŽǀĞŚĂďŝƚĂƚŝŶĐŽƌĞĂƌĞĂƐ͘         ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ YƵĂůŝƚLJͬ ŽŶƚŝŶƵĞƚŽŝŵƉƌŽǀĞĨŝƐŚĞƌLJƚŚƌŽƵŐŚ    ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ ƌĞƐƚƌŝĐƚŝǀĞƌĞŐƵůĂƚŝŽŶƐƚŽƉƌŽŵŽƚĞƚƌŽƉŚLJ     ƐŝnjĞƐ͘/ĚĞŶƚŝĨLJůŝŵŝƚŝŶŐĨĂĐƚŽƌƐůĞĂĚŝŶŐƚŽ     ƉŽƉƵůĂƚŝŽŶĐŚĂŶŐĞƐ͘     DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŶƵŵďĞƌƐ͘ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌ ƉŽƉƵůĂƚŝŽŶƐŝnjĞĂŶĚƚƌĞŶĚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ĚĞŶƚŝĨLJůŝŵŝƚŝŶŐĨĂĐƚŽƌƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚŝĚLJŵŽƐƉŚĞŶŝĂŐĞŵŝŶĂƚĂĂŶĚĚĞƚĞƌŵŝŶĞŝĨďůŽŽŵƐͬŵĂƚƐĐĂŶďĞƌĞĚƵĐĞĚƚŽŝŵƉƌŽǀĞ ĨŝƐŚĞƌLJ͘ &ŝƐŚĞƌZŝǀĞƌĂŶĚ ϯϯ͘ϮŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů dƌŝďƵƚĂƌŝĞƐͲ     ƚƌŽƵƚ͘ĚƵĐĂƚĞĂŶŐůĞƌƐŽŶĐĂƚĐŚͲĂŶĚͲƌĞůĞĂƐĞ ,ĞĂĚǁĂƚĞƌƐƚŽ    ƚĞĐŚŶŝƋƵĞƐƚŽƌĞĚƵĐĞďLJͲĐĂƚĐŚŵŽƌƚĂůŝƚLJ͘ <ŽŽƚĞŶĂŝZŝǀĞƌ    ŽŶƚŝŶƵĞƚŽǁŽƌŬǁŝƚŚĂŐĞŶĐŝĞƐĂŶĚŵŝŶŝŶŐ     ŝŶƚĞƌĞƐƚƐƚŽŝŵƉƌŽǀĞŚĂďŝƚĂƚŝŶĐŽƌĞĂƌĞĂƐ͘       ZĞĚďĂŶĚƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ŚĂƌǀĞƐƚůĞǀĞů͘tŚĞƌĞĨĞĂƐŝďůĞĞŶŚĂŶĐĞ      ƉŽƉƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘     tŚĞƌĞĨĞĂƐŝďůĞ͕ƉƌŽƚĞĐƚŶŽŶͲŝŶƚƌŽŐƌĞƐƐĞĚ     ƉŽƉƵůĂƚŝŽŶƐĂŶĚƌĞƐƚŽƌĞŐĞŶĞƚŝĐŝŶƚĞŐƌŝƚLJƚŽ  ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    ŝŶƚƌŽŐƌĞƐƐĞĚƉŽƉƵůĂƚŝŽŶƐ͘     

69 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂůͬ tŚĞƌĞƉƌĂĐƚŝĐĂů͕ŵĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐ   ^ƵƉƉƌĞƐƐŝŽŶ ŽƉƉŽƌƚƵŶŝƚLJĂŶĚŚĂƌǀĞƐƚůĞǀĞů͘tŚĞƌĞ    ĨĞĂƐŝďůĞƌĞĚƵĐĞͬĞůŝŵŝŶĂƚĞŚLJďƌŝĚŝnjĞĚ    ƉŽƉƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘     ƌŽŽŬƚƌŽƵƚ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ tŚĞƌĞƉƌĂĐƚŝĐĂů͕ŵĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚ ŽƉƉŽƌƚƵŶŝƚŝĞƐ͘tŚĞƌĞĨĞĂƐŝďůĞ ƌĞĚƵĐĞͬĞůŝŵŝŶĂƚĞĐŽŵƉĞƚŝŶŐƉŽƉƵůĂƚŝŽŶƐƚŽ ŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗&ŝƐŚĞƌZŝǀĞƌŝŵƉĂĐƚĞĚďLJƌŽĂĚĂŶĚƌĂŝůƌŽĂĚĐŽŶƐƚƌƵĐƚŝŽŶ͘/ŶǀĞƐƚŝŐĂƚĞŵĞƚŚŽĚƐƚŽŝŵƉƌŽǀĞŚĂďŝƚĂƚ͘ ,ĂƉƉLJ͛Ɛ/ŶŶ  ZĂŝŶďŽǁƚƌŽƵƚ;ZĞĚďĂŶĚ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ ^ŵĂůů>ĂŬĞƐ͗  ƌůĞĞͿ͕tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚ ŚĂƌǀĞƐƚůĞǀĞů͘/ŶŝďŝĚ>ĂŬĞ͕ƉƌŽŵŽƚĞ >ĞŽŶ ϭϵĂĐƌĞƐ ƚƌŽƵƚ ƌĞĚďĂŶĚƚƌŽƵƚ͘/ŶĂĚ>ĂŬĞƉƌŽŵŽƚĞ ŽŽƚũĂĐŬ ϭϮĂĐƌĞƐ ǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ͘/ŶŽƚŚĞƌůĂŬĞƐ͕ ŝďŝĚ ϭϭĂĐƌĞƐ ƐƚŽĐŬƌĂŝŶďŽǁƚƌŽƵƚĂŶĚǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚ dŽƉůĞƐƐ ϵĂĐƌĞƐ ƚƌŽƵƚŽŶĂůƚĞƌŶĂƚĞLJĞĂƌƐ͘ ĂĚ ϰĂĐƌĞƐ ƌLJƐƚĂů>ĂŬĞ ϭϴϰĂĐƌĞƐ <ŽŬĂŶĞĞƐĂůŵŽŶ ,ĂƚĐŚĞƌLJͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŶĂŐĞŚĂƌǀĞƐƚĂŶĚƐƚŽĐŬŝŶŐůĞǀĞůƐƚŽ >ĂǀŽŶ>ĂŬĞ ϭϳĂĐƌĞƐ  tŝůĚ  ĞŶŚĂŶĐĞŶƵŵďĞƌƐĂŶĚƐŝnjĞƐ͘ŽŶƚŝŶƵĞƚŽ     ŵŽŶŝƚŽƌĐŽŶƚƌŝďƵƚŝŽŶƚŽƉŽƉƵůĂƚŝŽŶŽĨ     ŚĂƚĐŚĞƌLJǀĞƌƐƵƐǁŝůĚŬŽŬĂŶĞĞĂŶĚĚĞƚĞƌŵŝŶĞ     ƐƚŽĐŬŝŶŐƌĂƚĞƐƚŚĂƚƉƌŽŵŽƚĞŽƉƉŽƌƚƵŶŝƚLJĨŽƌ     ůĂƌŐĞƌŬŽŬĂŶĞĞ͘       ZĂŝŶďŽǁƚƌŽƵƚ;'ĞƌƌĂƌĚ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ   ŚĂƚĐŚĞƌLJƌĂŝŶďŽǁƚƌŽƵƚͿ   ŚĂƌǀĞƐƚůĞǀĞů͘ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌ     ƉŽƉƵůĂƚŝŽŶƚŽĚĞƚĞƌŵŝŶĞǁŚŝĐŚƐƚƌĂŝŶŵĂLJ     ƉƌŽĚƵĐĞŽƉƉŽƌƚƵŶŝƚLJĨŽƌůĂƌŐĞƌƚƌŽƵƚ͘        zĞůůŽǁWĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů ZĞĚƵĐĞŽƌĞůŝŵŝŶĂƚĞLJĞůůŽǁƉĞƌĐŚƚŽďĞŶĞĨŝƚ  ƌĞĐƌĞĂƚŝŽŶĂůůLJŝŵƉŽƌƚĂŶƚŬŽŬĂŶĞĞƐĂůŵŽŶ͘ 

70 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ,ŽƌƐĞƐŚŽĞ>ĂŬĞ ϭϯϴĂĐƌĞƐ dŝŐĞƌŵƵƐŬŝĞ ,ĂƚĐŚĞƌLJ YƵĂůŝƚLJͬ DĂŶĂŐĞĨŽƌƚƌŽƉŚLJŽƉƉŽƌƚƵŶŝƚLJĂŶĚƚŽ   ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ ŵĂŝŶƚĂŝŶƉƌĞƐƐƵƌĞŽŶŶŽƌƚŚĞƌŶƉŝŬĞŵŝŶŶŽǁ    ĂŶĚƐƵĐŬĞƌƉŽƉƵůĂƚŝŽŶƐƚŽŝŵƉƌŽǀĞ    ŽƉƉŽƌƚƵŶŝƚLJƚŽĞƐƚĂďůŝƐŚĂůŝŵŝƚĞĚƐĂůŵŽŶŝĚ    ĨŝƐŚĞƌLJ͘^ƚŽĐŬůŝŵŝƚĞĚŶƵŵďĞƌƐǁŚĞŶ    ĂǀĂŝůĂďůĞ͘     <ŽŬĂŶĞĞƐĂůŵŽŶ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŶĂŐĞŚĂƌǀĞƐƚĂŶĚƐƚŽĐŬŝŶŐůĞǀĞůƐƚŽ    ĞŶŚĂŶĐĞŶƵŵďĞƌƐĂŶĚƐŝnjĞƐ͘ƐƚĂďůŝƐŚĂŶĚ    ŵŽŶŝƚŽƌƐƵĐĐĞƐƐŽĨƐƚŽĐŬŝŶŐŝŶƚŚŝƐŚŝŐŚ    ƉƌĞĚĂƚŽƌƐLJƐƚĞŵ͘     ^ŵĂůůŵŽƵƚŚďĂƐƐ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ /ůůĞŐĂůŝŶƚƌŽĚƵĐƚŝŽŶ͘DĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚ ŽƉƉŽƌƚƵŶŝƚŝĞƐ͘ZĞĚƵĐĞͬĞůŝŵŝŶĂƚĞĐŽŵƉĞƚŝŶŐ ƉŽƉƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘ >ŽŽŶ>ĂŬĞ ϮϮϮĐƌĞƐ ZĞĚďĂŶĚƚƌŽƵƚ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ >ŝƚƚůĞ>ŽŽŶ>ĂŬĞ ϵĐƌĞƐ    ŚĂƌǀĞƐƚůĞǀĞů͘tŚĞƌĞĨĞĂƐŝďůĞĞŶŚĂŶĐĞ     ƉŽƉƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘     tŚĞƌĞĨĞĂƐŝďůĞ͕ƉƌŽƚĞĐƚŶŽŶͲŝŶƚƌŽŐƌĞƐƐĞĚ     ƉŽƉƵůĂƚŝŽŶƐĂŶĚƌĞƐƚŽƌĞŐĞŶĞƚŝĐŝŶƚĞŐƌŝƚLJƚŽ     ŝŶƚƌŽŐƌĞƐƐĞĚƉŽƉƵůĂƚŝŽŶƐ͘                     /ůůĞŐĂůŝŶƚƌŽĚƵĐƚŝŽŶ͘ŽŶƚŝŶƵĞƚŽƉƌŽǀŝĚĞĨŽƌ  EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ 'ĞŶĞƌĂů ůŝďĞƌĂůŚĂƌǀĞƐƚƚŽƉƌŽǀŝĚĞĨŽƌƌĞĐƌĞĂƚŝŽŶĂů      ŽƉƉŽƌƚƵŶŝƚLJĂŶĚĚĞĐƌĞĂƐĞƉƌĞĚĂƚŝŽŶŽŶ     LJĞůůŽǁƉĞƌĐŚĂŶĚďĂƐƐ͘        >ĂƌŐĞŵŽƵƚŚďĂƐƐ tŝůĚ YƵĂůŝƚLJ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ     ŚĂƌǀĞƐƚůĞǀĞů͘dŚƌŽƵŐŚƌĞŐƵůĂƚŝŽŶ͕ĞŶŚĂŶĐĞ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    ŽƉƉŽƌƚƵŶŝƚLJĨŽƌƚƌŽƉŚLJƐŝnjĞƐ͘

71 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ^ŵĂůůŵŽƵƚŚďĂƐƐ ,ĂƚĐŚĞƌLJ YƵĂůŝƚLJͬ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ  WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ŚĂƌǀĞƐƚůĞǀĞů͘dŚƌŽƵŐŚƌĞŐƵůĂƚŝŽŶ͕ĞŶŚĂŶĐĞ  ŽƉƉŽƌƚƵŶŝƚLJĨŽƌƚƌŽƉŚLJƐŝnjĞƐ͘ĞƚĞƌŵŝŶĞŝĨ ĐŽŶƚŝŶƵĞĚƐƚŽĐŬŝŶŐŝƐǁĂƌƌĂŶƚĞĚ͘ /ƐůĂŶĚ>ĂŬĞ ϮϮϭĐƌĞƐ zĞůůŽǁƉĞƌĐŚ tŝůĚ YƵĂůŝƚLJ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ >LJŶĐŚ>ĂŬĞ ϰϭĐƌĞƐ    ŚĂƌǀĞƐƚůĞǀĞů͘DŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƐƚƌƵĐƚƵƌĞ    ƚŽĚĞƚĞƌŵŝŶĞŝĨƋƵĂůŝƚLJƉĞƌĐŚƉŽƉƵůĂƚŝŽŶĐĂŶ    ďĞƐƵƐƚĂŝŶĞĚ͘     >ĂƌŐĞŵŽƵƚŚďĂƐƐ tŝůĚͬ YƵĂůŝƚLJͬ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ  ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ŚĂƌǀĞƐƚůĞǀĞů͘dŚƌŽƵŐŚƌĞŐƵůĂƚŝŽŶ͕ĞŶŚĂŶĐĞ    ŽƉƉŽƌƚƵŶŝƚLJĨŽƌƚƌŽƉŚLJƐŝnjĞƐ͘/ĚĞŶƚŝĨLJŝĨ    ĐŽŶƚŝŶƵĞĚƐƚŽĐŬŝŶŐŝƐǁĂƌƌĂŶƚĞĚ     EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ 'ĞŶĞƌĂůͬ /ůůĞŐĂůŝŶƚƌŽĚƵĐƚŝŽŶ͘WƌŽǀŝĚĞĨŽƌůŝďĞƌĂů ^ƵƉƉƌĞƐƐŝŽŶ ŚĂƌǀĞƐƚƚŽƉƌŽǀŝĚĞĨŽƌƌĞĐƌĞĂƚŝŽŶĂů ŽƉƉŽƌƚƵŶŝƚLJĂŶĚĚĞĐƌĞĂƐĞƉƌĞĚĂƚŝŽŶŽŶ LJĞůůŽǁƉĞƌĐŚĂŶĚďĂƐƐ͘ <ŽŽƚĞŶĂŝZŝǀĞƌ Ϯϴ͘ϲDŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů ĂŶĚdƌŝďƵƚĂƌŝĞƐ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƚƌŽƵƚ͘ĚƵĐĂƚĞĂŶŐůĞƌƐŽŶĐĂƚĐŚͲĂŶĚͲƌĞůĞĂƐĞ ;&ŝƐŚĞƌZŝǀĞƌƚŽ     ƚĞĐŚŶŝƋƵĞƐƚŽƌĞĚƵĐĞďLJͲĐĂƚĐŚŵŽƌƚĂůŝƚLJ͘ <ŽŽƚĞŶĂŝ&ĂůůƐ͘Ϳ     ŽŶƚŝŶƵĞƚŽǁŽƌŬǁŝƚŚĂŐĞŶĐŝĞƐĂŶĚŵŝŶŝŶŐ      ŝŶƚĞƌĞƐƚƐƚŽŝŵƉƌŽǀĞŚĂďŝƚĂƚŝŶĐŽƌĞĂƌĞĂƐ͘      ŶŚĂŶĐĞĨůƵǀŝĂůƉŽƉƵůĂƚŝŽŶƐĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶ      ĂŶĚtdĂŶŐůŝŶŐ͘       ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ DĂŶĂŐĞŚĂƌǀĞƐƚƚŽĞŶŚĂŶĐĞŶƵŵďĞƌƐĂŶĚ     ƐŝnjĞƐ͘       DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŶƵŵďĞƌƐ͘ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌ     ƉŽƉƵůĂƚŝŽŶƐŝnjĞĂŶĚƚƌĞŶĚ͘ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    

72 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ƌŽǁŶƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂůͬ /ůůĞŐĂůŝŶƚƌŽĚƵĐƚŝŽŶ͘tŚĞƌĞƉƌĂĐƚŝĐĂů͕ ^ƵƉƉƌĞƐƐŝŽŶ ŵĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚŝĞƐ͘ tŚĞƌĞĨĞĂƐŝďůĞƌĞĚƵĐĞͬĞůŝŵŝŶĂƚĞĐŽŵƉĞƚŝŶŐ ƉŽƉƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞŚĂďŝƚĂƚƚŽƐƵƉƉŽƌƚĞĐŽƐLJƐƚĞŵĨƵŶĐƚŝŽŶĂŶĚƉƌŽĚƵĐƚŝŽŶŽĨƚƌŽƵƚĂŶĚǁŚŝƚĞĨŝƐŚ͘/ĚĞŶƚŝĨLJůŝŵŝƚŝŶŐĨĂĐƚŽƌƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚ ŝĚLJŵŽƐƉŚĞŶŝĂŐĞŵŝŶĂƚĂĂŶĚĚĞƚĞƌŵŝŶĞŝĨďůŽŽŵƐͬŵĂƚƐĐĂŶďĞƌĞĚƵĐĞĚƚŽŝŵƉƌŽǀĞĨŝƐŚĞƌLJ >ŝďďLJƌĞĞŬĂŶĚ Ϯϵ͘ϮDŝůĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů dƌŝďƵƚĂƌŝĞƐ     ƚƌŽƵƚ͘ĚƵĐĂƚĞĂŶŐůĞƌƐŽŶĐĂƚĐŚͲĂŶĚͲƌĞůĞĂƐĞ ;,ĞĂĚǁĂƚĞƌƐƚŽ     ƚĞĐŚŶŝƋƵĞƐƚŽƌĞĚƵĐĞďLJͲĐĂƚĐŚŵŽƌƚĂůŝƚLJ͘ <ŽŽƚĞŶĂŝZŝǀĞƌͿ     ŽŶƚŝŶƵĞƚŽǁŽƌŬǁŝƚŚĂŐĞŶĐŝĞƐĂŶĚŵŝŶŝŶŐ      ŝŶƚĞƌĞƐƚƐƚŽŝŵƉƌŽǀĞŚĂďŝƚĂƚŝŶĐŽƌĞĂƌĞĂƐ͘         ZĞĚďĂŶĚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ     ŚĂƌǀĞƐƚůĞǀĞů͘tŚĞƌĞĨĞĂƐŝďůĞĞŶŚĂŶĐĞ     ƉŽƉƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘     ĞǀĞůŽƉĐŽŶƐĞƌǀĂƚŝŽŶƐƚƌĂƚĞŐLJĂŶĚŚĂƚĐŚĞƌLJ͘       tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ tŚĞƌĞĨĞĂƐŝďůĞ͕ƉƌŽƚĞĐƚŶŽŶͲŝŶƚƌŽŐƌĞƐƐĞĚ     ƉŽƉƵůĂƚŝŽŶƐĂŶĚƌĞƐƚŽƌĞŐĞŶĞƚŝĐŝŶƚĞŐƌŝƚLJƚŽ     ŝŶƚƌŽŐƌĞƐƐĞĚƉŽƉƵůĂƚŝŽŶƐ       ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂůͬ tŚĞƌĞƉƌĂĐƚŝĐĂů͕ŵĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐ    ^ƵƉƉƌĞƐƐŝŽŶ ŽƉƉŽƌƚƵŶŝƚLJĂŶĚŚĂƌǀĞƐƚůĞǀĞů͘tŚĞƌĞ     ĨĞĂƐŝďůĞƌĞĚƵĐĞͬĞůŝŵŝŶĂƚĞŚLJďƌŝĚŝnjĞĚ     ƉŽƉƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ       ƌŽŽŬƚƌŽƵƚ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ tŚĞƌĞƉƌĂĐƚŝĐĂů͕ŵĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚ   ŽƉƉŽƌƚƵŶŝƚŝĞƐ͘tŚĞƌĞĨĞĂƐŝďůĞ  ƌĞĚƵĐĞͬĞůŝŵŝŶĂƚĞĐŽŵƉĞƚŝŶŐƉŽƉƵůĂƚŝŽŶƐƚŽ  ŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘ 

73 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ĂďŝŶĞƚ  ZĞĚďĂŶĚƚƌŽƵƚ;EͿ͕ tŝůĚͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞͬ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ tŝůĚĞƌŶĞƐƐ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ ,ĂƚĐŚĞƌLJ 'ĞŶĞƌĂů ŚĂƌǀĞƐƚůĞǀĞůĨŽƌŚŝŐŚŵŽƵŶƚĂŝŶůĂŬĞĂŶŐůŝŶŐ >ĂŬĞƐ͗     ŽƉƉŽƌƚƵŶŝƚLJ͘tŚĞƌĞƉƌĂĐƚŝĐĂůĞŶŚĂŶĐĞ >ĞŝŐŚ ϭϮϵĂĐƌĞƐ    ƉŽƉƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘ hƉƉĞƌĞĚĂƌ ϲϯĂĐƌĞƐ    tŚĞƌĞĨĞĂƐŝďůĞ͕ƉƌŽƚĞĐƚŶŽŶͲŝŶƚƌŽŐƌĞƐƐĞĚ 'ƌĂŶŝƚĞ ϱϳĂĐƌĞƐ    ƉŽƉƵůĂƚŝŽŶƐĂŶĚƌĞƐƚŽƌĞŐĞŶĞƚŝĐŝŶƚĞŐƌŝƚLJƚŽ hƉƉĞƌ,ĂŶŐŝŶŐ     ŝŶƚƌŽŐƌĞƐƐĞĚƉŽƉƵůĂƚŝŽŶƐ͘ĚũƵƐƚͬĞůŝŵŝŶĂƚĞ sĂůůĞLJ ϱϯĂĐƌĞƐ    ƐƚŽĐŬŝŶŐŝŶůĂŬĞƐǁŝƚŚĂĚĞƋƵĂƚĞŶĂƚƵƌĂů ŽƵďůĞ ϯϳĂĐƌĞƐ    ƌĞƉƌŽĚƵĐƚŝŽŶ͘ >ŽǁĞƌ'ĞŝŐĞƌ ϯϰĂĐƌĞƐ     >ŽǁĞƌ^ŬLJ ϮϯĂĐƌĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂůͬ tŚĞƌĞƉƌĂĐƚŝĐĂů͕ŵĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐ >ŽǁĞƌ,ĂŶŐŝŶŐ  ^ƵƉƉƌĞƐƐŝŽŶ ŽƉƉŽƌƚƵŶŝƚLJĂŶĚŚĂƌǀĞƐƚůĞǀĞů͘tŚĞƌĞ sĂůůĞLJ ϮϭĂĐƌĞƐ ĨĞĂƐŝďůĞƌĞĚƵĐĞͬĞůŝŵŝŶĂƚĞĐŽŵƉĞƚŝŶŐ DŝŶŽƌ ϮϬĂĐƌĞƐ ƉŽƉƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ >ŽǁĞƌĞĚĂƌ ϭϵĂĐƌĞƐ tŝƐŚďŽŶĞ ϭϲĂĐƌĞƐ hƉƉĞƌ'ĞŝŐĞƌ ϭϯĂĐƌĞƐ ĂƌůĞĞ ϭϬĂĐƌĞƐ ŝŐĞĂƌ ϵĂĐƌĞƐ ƌĂŵůĞƚ ϵĂĐƌĞƐ  <ŽŽƚĞŶĂŝZŝǀĞƌ Ϯϭ͘ϳDŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů ĂŶĚdƌŝďƵƚĂƌŝĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƚƌŽƵƚ͘ĚƵĐĂƚĞĂŶŐůĞƌƐŽŶĐĂƚĐŚͲĂŶĚͲƌĞůĞĂƐĞ ;<ŽŽƚĞŶĂŝ&ĂůůƐ    ƚĞĐŚŶŝƋƵĞƐƚŽƌĞĚƵĐĞďLJͲĐĂƚĐŚŵŽƌƚĂůŝƚLJ͘ ƚŽ/ĚĂŚŽŽƌĚĞƌͿ    ŽŶƚŝŶƵĞƚŽǁŽƌŬǁŝƚŚĂŐĞŶĐŝĞƐĂŶĚŵŝŶŝŶŐ     ŝŶƚĞƌĞƐƚƐƚŽŝŵƉƌŽǀĞŚĂďŝƚĂƚŝŶĐŽƌĞĂƌĞĂƐ͘     ŶŚĂŶĐĞĨůƵǀŝĂůƉŽƉƵůĂƚŝŽŶƐĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶ     ĂŶĚtdĂŶŐůŝŶŐ͘       ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞŚĂƌǀĞƐƚƚŽĞŶŚĂŶĐĞŶƵŵďĞƌƐĂŶĚ     ƐŝnjĞƐ͘ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    

74 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ƌŽǁŶƚƌŽƵƚ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ DŽŶŝƚŽƌƐƚĂƚƵƐŽĨƚŚŝƐƌĞĐĞŶƚůLJŝůůĞŐĂůůLJ    ŝŶƚƌŽĚƵĐĞĚƐƉĞĐŝĞƐ͘/ĚĞŶƚŝĨLJŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽ    ƌĞĚƵĐĞŽƌĞůŝŵŝŶĂƚĞƚŽďĞŶĞĨŝƚŶĂƚŝǀĞĨŝƐŚĂŶĚ    ƌĞĐƌĞĂƚŝŽŶĂůůLJŝŵƉŽƌƚĂŶƚƌĂŝŶďŽǁƚƌŽƵƚ     DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŶƵŵďĞƌƐ͘^ƵƌǀĞLJƉŽƉƵůĂƚŝŽŶƐŝnjĞ ĂŶĚƚƌĞŶĚ͘ zĂĂŬZŝǀĞƌĂŶĚ ϱϯ͘ϰDŝůĞƐ ZĞĚďĂŶĚƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ dƌŝďƵƚĂƌŝĞƐ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ŚĂƌǀĞƐƚůĞǀĞů͘tŚĞƌĞĨĞĂƐŝďůĞĞŶŚĂŶĐĞ ;,ĞĂĚǁĂƚĞƌƐƚŽ     ƉŽƉƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘ <ŽŽƚĞŶĂŝZŝǀĞƌͿ     tŚĞƌĞĨĞĂƐŝďůĞ͕ƉƌŽƚĞĐƚŶŽŶͲŝŶƚƌŽŐƌĞƐƐĞĚ     ƉŽƉƵůĂƚŝŽŶƐĂŶĚƌĞƐƚŽƌĞŐĞŶĞƚŝĐŝŶƚĞŐƌŝƚLJƚŽ     ŝŶƚƌŽŐƌĞƐƐĞĚƉŽƉƵůĂƚŝŽŶƐ     ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂůͬ tŚĞƌĞƉƌĂĐƚŝĐĂů͕ŵĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐ   ^ƵƉƉƌĞƐƐŝŽŶ ŽƉƉŽƌƚƵŶŝƚLJĂŶĚŚĂƌǀĞƐƚůĞǀĞů͘tŚĞƌĞ    ĨĞĂƐŝďůĞƌĞĚƵĐĞͬĞůŝŵŝŶĂƚĞŚLJďƌŝĚŝnjĞĚ    ƉŽƉƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ     ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂůͬ DĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚŝĞƐ͘ ^ƵƉƉƌĞƐƐŝŽŶ tŚĞƌĞĨĞĂƐŝďůĞƌĞĚƵĐĞͬĞůŝŵŝŶĂƚĞĐŽŵƉĞƚŝŶŐ ƉŽƉƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘  Ƶůů>ĂŬĞ ϭϭϲϮĐƌĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ůŽƐĞĚƚŽĂŶŐůŝŶŐ͘ĚƵĐĂƚĞĂŶŐůĞƌƐŽŶĐĂƚĐŚͲ     ĂŶĚͲƌĞůĞĂƐĞƚĞĐŚŶŝƋƵĞƐƚŽƌĞĚƵĐĞďLJͲĐĂƚĐŚ     ŵŽƌƚĂůŝƚLJ͘ŽŶƚŝŶƵĞƚŽǁŽƌŬǁŝƚŚĂŐĞŶĐŝĞƐ     ƚŽŝŵƉƌŽǀĞŚĂďŝƚĂƚŝŶĐŽƌĞĂƌĞĂ       tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ     ŚĂƌǀĞƐƚůĞǀĞů͘ŽŶƐŝĚĞƌƌĞŐƵůĂƚŝŽŶƐƚŚĂƚ     ďĞƚƚĞƌƉƌŽŵŽƚĞŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    

75 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ <ŽŬĂŶĞĞƐĂůŵŽŶ tŝůĚͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŶĂŐĞŚĂƌǀĞƐƚĂŶĚƐƚŽĐŬŝŶŐůĞǀĞůƐƚŽ  ,ĂƚĐŚĞƌLJ  ĞŶŚĂŶĐĞŶƵŵďĞƌƐĂŶĚƐŝnjĞƐ͘DŽŶŝƚŽƌ    ĐŽŶƚƌŝďƵƚŝŽŶƚŽƉŽƉƵůĂƚŝŽŶŽĨŚĂƚĐŚĞƌLJ    ǀĞƌƐƵƐǁŝůĚŬŽŬĂŶĞĞĂŶĚĚĞƚĞƌŵŝŶĞƐƚŽĐŬŝŶŐ    ƌĂƚĞƐƚŚĂƚƉƌŽŵŽƚĞŽƉƉŽƌƚƵŶŝƚLJĨŽƌůĂƌŐĞƌ    ŬŽŬĂŶĞĞ͘     EŽƌƚŚĞƌŶƉŝŬĞ>ĂƌŐĞŵŽƵƚŚ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ /ůůĞŐĂůŝŶƚƌŽĚƵĐƚŝŽŶƐ͘/ĨĨĞĂƐŝďůĞ ďĂƐƐƐŵĂůůŵŽƵƚŚďĂƐƐ ƌĞĚƵĐĞͬĞůŝŵŝŶĂƚĞƉŽƉƵůĂƚŝŽŶƐďLJůŝďĞƌĂůŝnjŝŶŐ ƌĞŐƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐĂŶĚ ƌĞĐƌĞĂƚŝŽŶĂůŬŽŬĂŶĞĞĨŝƐŚŝŶŐŐŽĂůƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tŽƌŬǁŝƚŚĂŐĞŶĐŝĞƐĂŶĚŽƚŚĞƌƐƚŽƉƌŽƚĞĐƚͬŵĂŝŶƚĂŝŶͬĞŶŚĂŶĐĞ<ĞĞůĞƌƌĞĞŬƐƉĂǁŶŝŶŐĂŶĚƌĞĂƌŝŶŐŚĂďŝƚĂƚĨŽƌďƵůůƚƌŽƵƚ͘DŽŶŝƚŽƌ ůĂŬĞĨŽƌƵƌĂƐŝĂŶǁĂƚĞƌŵŝůĨŽŝůŬŶŽǁŶŝŶƚŚĞǀŝĐŝŶŝƚLJ;ůĂƌŬ&ŽƌŬĚƌĂŝŶĂŐĞͿ ^ƉĂƌ>ĂŬĞ ϯϴϯĐƌĞƐ >ĂŬĞƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ >ŝƚƚůĞ^ƉĂƌ>ĂŬĞ ϯϳĐƌĞƐ    ŚĂƌǀĞƐƚůĞǀĞů͘ŽŶƐŝĚĞƌůŝďĞƌĂůŝnjŝŶŐůŝŵŝƚƐƚŽ    ƌĞĚƵĐĞŶƵŵďĞƌƐƚŽŝŵƉƌŽǀĞƐŝnjĞĂŶĚďĞŶĞĨŝƚ    WƵƚͲ'ƌŽǁͲdĂŬĞĨŝƐŚĞƌŝĞƐ͘     tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ ZĂŝŶďŽǁƚƌŽƵƚ   ŚĂƌǀĞƐƚůĞǀĞů͘/Ŷ>ŝƚƚůĞ^ƉĂƌ>ĂŬĞƉƌŽŵŽƚĞ    ǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚĞdžĐůƵƐŝǀĞůLJ͘/Ŷ    ^ƉĂƌ>ĂŬĞĚĞƚĞƌŵŝŶĞƐƚŽĐŬŝŶŐƌĂƚĞƐĂŶĚ    ƐƉĞĐŝĞƐͬƐƚƌĂŝŶƐƚŽďĞƐƚƉƌŽŵŽƚĞƌĞƚƵƌŶƚŽ    ĐƌĞĞůŝŶĂůĂŬĞĚŽŵŝŶĂƚĞĚďLJůĂŬĞƚƌŽƵƚ͘     <ŽŬĂŶĞĞƐĂůŵŽŶ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ /Ŷ^ƉĂƌ>ĂŬĞ͕ŵĂŶĂŐĞŚĂƌǀĞƐƚĂŶĚƐƚŽĐŬŝŶŐ ůĞǀĞůƐƚŽĞŶŚĂŶĐĞŶƵŵďĞƌƐĂŶĚƐŝnjĞƐ͘ ^ĂǀĂŐĞ>ĂŬĞ ϳϭĐƌĞƐ >ĂƌŐĞŵŽƵƚŚďĂƐƐ ,ĂƚĐŚĞƌLJͬtŝůĚ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ     ŚĂƌǀĞƐƚůĞǀĞů͘dŚƌŽƵŐŚƌĞŐƵůĂƚŝŽŶ͕ĞŶŚĂŶĐĞ     ŽƉƉŽƌƚƵŶŝƚLJĨŽƌƚƌŽƉŚLJƐŝnjĞƐ͘/ĚĞŶƚŝĨLJŝĨ     ĐŽŶƚŝŶƵĞĚƐƚŽĐŬŝŶŐŝƐǁĂƌƌĂŶƚĞĚ͘ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    

76 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  zĞůůŽǁƉĞƌĐŚ tŝůĚ YƵĂůŝƚLJ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ ŚĂƌǀĞƐƚůĞǀĞů͘DŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƐƚƌƵĐƚƵƌĞ ƚŽĚĞƚĞƌŵŝŶĞŝĨƋƵĂůŝƚLJƉĞƌĐŚƉŽƉƵůĂƚŝŽŶĐĂŶ ďĞƐƵƐƚĂŝŶĞĚ͘ 'ƌŽƵƐĞ>ĂŬĞ ϭϬĐƌĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ ŚĂƌǀĞƐƚůĞǀĞů <ŝůďƌĞŶŶĂŶ>ĂŬĞ ϱϱĐƌĞƐ ZĞĚďĂŶĚƚƌŽƵƚ ,ĂƚĐŚĞƌLJͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ   tŝůĚ  ŚĂƌǀĞƐƚůĞǀĞů͘ĞƚĞƌŵŝŶĞƐƚŽĐŬŝŶŐƌĂƚĞƐƚŽ     ďĞƐƚƉƌŽŵŽƚĞƌĞƚƵƌŶƚŽĐƌĞĞůŝŶĂůĂŬĞ     ĚŽŵŝŶĂƚĞĚďLJďƌŽŽŬƚƌŽƵƚ͘       ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů /ĨƉƌĂĐƚŝĐĂů͕ŵĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐ     ŽƉƉŽƌƚƵŶŝƚLJĂŶĚŚĂƌǀĞƐƚůĞǀĞů͘/ĨĨĞĂƐŝďůĞ͕    ƌĞĚƵĐĞŶƵŵďĞƌƐƚŽŝŵƉƌŽǀĞƐŝnjĞĂŶĚďĞŶĞĨŝƚ    ƚŚĞWƵƚͲ'ƌŽǁͲdĂŬĞĂŶĚǁŝůĚƌĞĚďĂŶĚ    ƉŽƉƵůĂƚŝŽŶ͘     ůĂĐŬďƵůůŚĞĂĚ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ /ůůĞŐĂůŝŶƚƌŽĚƵĐƚŝŽŶ͘/ĨƉƌĂĐƚŝĐĂů͕ŵĂŝŶƚĂŝŶ ĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚŚĂƌǀĞƐƚ ůĞǀĞů͘/ĨĨĞĂƐŝďůĞ͕ƌĞĚƵĐĞͬĞůŝŵŝŶĂƚĞ ĐŽŵƉĞƚŝŶŐƉŽƉƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞ ƐƉĞĐŝĞƐŐŽĂůƐ͘   ůǀŽƌĚ>ĂŬĞ ϱϯĐƌĞƐ >ĂƌŐĞŵŽƵƚŚďĂƐƐ tŝůĚ YƵĂůŝƚLJ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ     ŚĂƌǀĞƐƚůĞǀĞů͘dŚƌŽƵŐŚƌĞŐƵůĂƚŝŽŶ͕ĞŶŚĂŶĐĞ     ŽƉƉŽƌƚƵŶŝƚLJĨŽƌƚƌŽƉŚLJƐŝnjĞƐ͘       zĞůůŽǁƉĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ  ŚĂƌǀĞƐƚůĞǀĞů͘DŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƐƚƌƵĐƚƵƌĞ  ĂƐƉĂƌƚŽĨĞĨĨŽƌƚƚŽƐƵƐƚĂŝŶƉĞƌĐŚƉŽƉƵůĂƚŝŽŶ

77 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ,ŽƐŬŝŶƐ>ĂŬĞ ϯϱĂĐƌĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ sŝŶĂů>ĂŬĞ ϭϲĂĐƌĞƐ ŚĂƌǀĞƐƚůĞǀĞů͘ EŽƌƚŚǁĞƐƚWĞĂŬƐ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ ,ĂƚĐŚĞƌLJͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞͬ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ >ĂŬĞƐ͗   tŝůĚ 'ĞŶĞƌĂůͬ ŚĂƌǀĞƐƚůĞǀĞůĨŽƌŚŝŐŚŵŽƵŶƚĂŝŶůĂŬĞƐ͘ hƉƉĞƌ,ĂǁŬŝŶƐ ϭϰĂĐƌĞƐ   ŽŶƐĞƌǀĂƚŝŽŶ tŚĞƌĞƉƌĂĐƚŝĐĂůĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐƚŽ ƵƌŬĞ ϭϰĂĐƌĞƐ    ŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘tŚĞƌĞĨĞĂƐŝďůĞ͕ >ŽǁĞƌ,ĂǁŬŝŶƐ ϳĂĐƌĞƐ    ƉƌŽƚĞĐƚŶŽŶͲŝŶƚƌŽŐƌĞƐƐĞĚƉŽƉƵůĂƚŝŽŶƐĂŶĚ ĂǀŝƐ ϱĂĐƌĞƐ    ƌĞƐƚŽƌĞŐĞŶĞƚŝĐŝŶƚĞŐƌŝƚLJƚŽŝŶƚƌŽŐƌĞƐƐĞĚ     ƉŽƉƵůĂƚŝŽŶƐ͘ĚũƵƐƚͬĞůŝŵŝŶĂƚĞƐƚŽĐŬŝŶŐŝŶ     ůĂŬĞƐǁŝƚŚĂĚĞƋƵĂƚĞŶĂƚƵƌĂůƌĞƉƌŽĚƵĐƚŝŽŶ͘       ƌŽŽŬƚƌŽƵƚ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ tŚĞƌĞƉƌĂĐƚŝĐĂů͕ŵĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐ  ŽƉƉŽƌƚƵŶŝƚLJĂŶĚŚĂƌǀĞƐƚůĞǀĞů͘tŚĞƌĞ  ĨĞĂƐŝďůĞƌĞĚƵĐĞͬĞůŝŵŝŶĂƚĞĐŽŵƉĞƚŝŶŐ ƉŽƉƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘ &ŝƐŚ>ĂŬĞƐ͗  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ ,ĂƚĐŚĞƌLJͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞͬ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ ^ŽƵƚŚ ϭϲĂĐƌĞƐ tŝůĚ 'ĞŶĞƌĂůͬ ŚĂƌǀĞƐƚůĞǀĞůĨŽƌŵŽƵŶƚĂŝŶůĂŬĞƐ͘tŚĞƌĞ EŽƌƚŚ ϵĂĐƌĞƐ ŽŶƐĞƌǀĂƚŝŽŶ ƉƌĂĐƚŝĐĂůĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐƚŽŵĞĞƚŶĂƚŝǀĞ DŝĚĚůĞ ϯĂĐƌĞƐ ƐƉĞĐŝĞƐŐŽĂůƐ͘tŚĞƌĞĨĞĂƐŝďůĞ͕ƉƌŽƚĞĐƚŶŽŶͲ   ŝŶƚƌŽŐƌĞƐƐĞĚƉŽƉƵůĂƚŝŽŶƐĂŶĚƌĞƐƚŽƌĞŐĞŶĞƚŝĐ ŝŶƚĞŐƌŝƚLJƚŽŝŶƚƌŽŐƌĞƐƐĞĚƉŽƉƵůĂƚŝŽŶƐ͘ ĚũƵƐƚͬĞůŝŵŝŶĂƚĞƐƚŽĐŬŝŶŐŝŶůĂŬĞƐǁŝƚŚ ĂĚĞƋƵĂƚĞŶĂƚƵƌĂůƌĞƉƌŽĚƵĐƚŝŽŶ͘ 

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89 &/^,Z/^DE'DEd/Zd/KE&KZ^tEZ/sZZ/E'  tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ^ǁĂŶZŝǀĞƌĂŶĚ ϱϮŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů dƌŝďƵƚĂƌŝĞƐ     ƚƌŽƵƚĂŶĚŵŝŶŝŵŝnjĞŝŶĐŝĚĞŶƚĂůĐĂƚĐŚŽĨďƵůů ;,ĞĂĚǁĂƚĞƌƐ     ƚƌŽƵƚ͘DĂŝŶƚĂŝŶƐƉĂǁŶŝŶŐƚƌŝďƵƚĂƌLJŵŽƵƚŚ ŽǁŶƐƚƌĞĂŵƚŽ     ĐůŽƐƵƌĞƐĂƐŶĞĞĚĞĚ͘ ^ǁĂŶ>ĂŬĞͿ        tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶͬ ůŝŵŝŶĂƚĞŚĂƌǀĞƐƚĂŶĚĞŶŚĂŶĐĞĨůƵǀŝĂů     'ĞŶĞƌĂů ƉŽƉƵůĂƚŝŽŶƐĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚtd     ĂŶŐůŝŶŐ͘ŽŶƐŝĚĞƌŝƐŽůĂƚŝŽŶŽĨtd    ƉŽƉƵůĂƚŝŽŶƐŝĨŚLJďƌŝĚŝnjĂƚŝŽŶŝƐĂƚŚƌĞĂƚĂŶĚ    ŚĂďŝƚĂƚŝƐƐƵĨĨŝĐŝĞŶƚƚŽĂůůŽǁƉĞƌƐŝƐƚĞŶĐĞ͘     ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂůͬ DŝŶŝŵŝnjĞŚĂƌǀĞƐƚƚŽƉƌŽǀŝĚĞĨŽƌĂƋƵĂůŝƚLJ   ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ ĨŝƐŚĞƌLJŝŶŽŶĞƐĞĐƚŝŽŶ͘DĂŝŶƚĂŝŶŶƵŵďĞƌƐƚŽ    ĂůůŽǁŚĂƌǀĞƐƚŝŶƐŽŵĞƐĞĐƚŝŽŶƐ͘     DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŶƵŵďĞƌƐ͘ĞŐŝŶƚŽƵŶĚĞƌƐƚĂŶĚ    ƉŽƉƵůĂƚŝŽŶƐŝnjĞĂŶĚƚƌĞŶĚ͘     ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů ůůŽǁĨŽƌŚĂƌǀĞƐƚŝŶƚƌŝďƵƚĂƌŝĞƐƚŚĂƚĚŽŶŽƚ ĐŽŶƚĂŝŶďƵůůƚƌŽƵƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗^ƚƌĞĂŵĐƌŽƐƐŝŶŐƵƉŐƌĂĚĞƐĂŶĚƌŽĂĚDW͛ƐĨŽƌŵŽƐƚĨŽƌĞƐƚůĂŶĚƐ͘ŶŚĂŶĐĞŚĂďŝƚĂƚƚŽĨĂǀŽƌŶĂƚŝǀĞƚƌŽƵƚĂŶĚǁŚŝƚĞĨŝƐŚ͘ >ŝŶĚďĞƌŐŚ>ĂŬĞ ϴϭϱĂĐƌĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů     ƚƌŽƵƚĂŶĚŵŝŶŝŵŝnjĞŝŶĐŝĚĞŶƚĂůĐĂƚĐŚŽĨďƵůů     ƚƌŽƵƚ͘ŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJƉŽƉƵůĂƚŝŽŶƐĨŽƌ     ĐŽŶƐĞƌǀĂƚŝŽŶ͘       tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ ,ĂƚĐŚĞƌLJ WƵƚĂŶĚdĂŬĞ ǀĂůƵĂƚĞƐƚŽĐŬŝŶŐƚŽĚĞƚĞƌŵŝŶĞƐƵĐĐĞƐƐƚŽ     ĐƌĞĞů͘WƌŽǀŝĚĞƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐ     ŽƉƉŽƌƚƵŶŝƚLJ͘ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    

90 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  <ŽŬĂŶĞĞƐĂůŵŽŶ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ WƌŽǀŝĚĞĨŽƌŚĂƌǀĞƐƚĂŶĚƌĞĐƌĞĂƚŝŽŶĂů    ŽƉƉŽƌƚƵŶŝƚLJ͘     >ĂŬĞƚƌŽƵƚ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ /ŶĐƌĞĂƐĞŵŽŶŝƚŽƌŝŶŐĂŶĚĞǀĂůƵĂƚĞƉŽƚĞŶƚŝĂů  ƚŽŽůƐƚŽƌĞĚƵĐĞůĂŬĞƚƌŽƵƚĂďƵŶĚĂŶĐĞƚŽ ďĞŶĞĨŝƚŶĂƚŝǀĞĂŶĚƌĞĐƌĞĂƚŝŽŶĂůůLJŝŵƉŽƌƚĂŶƚ ĨŝƐŚƐƉĞĐŝĞƐ͘ ,ŽůůĂŶĚ>ĂŬĞ ϰϭϰĂĐƌĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů     ƚƌŽƵƚĂŶĚŵŝŶŝŵŝnjĞŝŶĐŝĚĞŶƚĂůĐĂƚĐŚŽĨďƵůů    ƚƌŽƵƚ͘ŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJƉŽƉƵůĂƚŝŽŶƐĨŽƌ    ĐŽŶƐĞƌǀĂƚŝŽŶ͘     tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ ,ĂƚĐŚĞƌLJ WƵƚĂŶĚdĂŬĞ ǀĂůƵĂƚĞƐƚŽĐŬŝŶŐƚŽĚĞƚĞƌŵŝŶĞƌĞƚƵƌŶƚŽĐƌĞĞů͘    WƌŽǀŝĚĞƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͘     <ŽŬĂŶĞĞƐĂůŵŽŶ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ WƌŽǀŝĚĞĨŽƌŚĂƌǀĞƐƚĂŶĚƌĞĐƌĞĂƚŝŽŶĂů    ŽƉƉŽƌƚƵŶŝƚLJ͘     zĞůůŽǁƉĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞĨŽƌŚĂƌǀĞƐƚĂŶĚƌĞĐƌĞĂƚŝŽŶĂů    ŽƉƉŽƌƚƵŶŝƚLJ͘     >ĂŬĞƚƌŽƵƚ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ /ŶĐƌĞĂƐĞŵŽŶŝƚŽƌŝŶŐĂŶĚĞǀĂůƵĂƚĞƉŽƚĞŶƚŝĂů ƚŽŽůƐƚŽƌĞĚƵĐĞůĂŬĞƚƌŽƵƚĂďƵŶĚĂŶĐĞƚŽ ďĞŶĞĨŝƚŶĂƚŝǀĞĂŶĚƌĞĐƌĞĂƚŝŽŶĂůůLJŝŵƉŽƌƚĂŶƚ ĨŝƐŚƐƉĞĐŝĞƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŽƉĞŶĐŚĂŶŶĞůĂƚŝŶůĞƚƚŽĂůůŽǁĂĐĐĞƐƐĨŽƌƐƉĂǁŶŝŶŐďƵůůƚƌŽƵƚ͘ ^ǁĂŶ>ĂŬĞ ϯ͕ϮϲϵĂĐƌĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ĂƚĐŚĂŶĚƌĞůĞĂƐĞĨŝƐŚŝŶŐĂůůŽǁĞĚďƵƚŶŽƚ     ŚĂƌǀĞƐƚ͘ŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJƉŽƉƵůĂƚŝŽŶƐĨŽƌ     ĐŽŶƐĞƌǀĂƚŝŽŶ͘       ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͘ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ  

91 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  <ŽŬĂŶĞĞƐĂůŵŽŶ͕ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞĨŽƌŚĂƌǀĞƐƚĂŶĚƌĞĐƌĞĂƚŝŽŶĂů  EŽƌƚŚĞƌŶƉŝŬĞ͕   ŽƉƉŽƌƚƵŶŝƚLJ͘ zĞůůŽǁƉĞƌĐŚ        >ĂŬĞƚƌŽƵƚ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ ŽŶƚŝŶƵĞƚŽĞǀĂůƵĂƚĞƚŽŽůƐƚŽĞĨĨĞĐƚŝǀĞůLJ    ƌĞĚƵĐĞŶƵŵďĞƌƐƚŽďĞŶĞĨŝƚŶĂƚŝǀĞĨŝƐŚĂŶĚ    ƌĞĐƌĞĂƚŝŽŶĂůůLJŝŵƉŽƌƚĂŶƚŬŽŬĂŶĞĞ͘     tĂůůĞLJĞ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ ǀĂůƵĂƚĞƵŶĂƵƚŚŽƌŝnjĞĚŝŶƚƌŽĚƵĐƚŝŽŶ͘  ^ǁĂŶZŝǀĞƌĂŶĚ ϭϮŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů dƌŝďƵƚĂƌŝĞƐ     ƚƌŽƵƚĂŶĚŵŝŶŝŵŝnjĞŝŶĐŝĚĞŶƚĂůĐĂƚĐŚŽĨďƵůů ;^ǁĂŶ>ĂŬĞƚŽ     ƚƌŽƵƚ͘ &ůĂƚŚĞĂĚ>ĂŬĞͿ        tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ůŝŵŝŶĂƚĞŚĂƌǀĞƐƚĂŶĚĞŶŚĂŶĐĞĨůƵǀŝĂů      ƉŽƉƵůĂƚŝŽŶƐĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚtd      ĂŶŐůŝŶŐ͘ŽŶƐŝĚĞƌŝƐŽůĂƚŝŽŶŽĨtd     ƉŽƉƵůĂƚŝŽŶƐŝĨŚLJďƌŝĚŝnjĂƚŝŽŶŝƐĂƚŚƌĞĂƚĂŶĚ     ŚĂďŝƚĂƚŝƐƐƵĨĨŝĐŝĞŶƚƚŽĂůůŽǁƉĞƌƐŝƐƚĞŶĐĞ͘       ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞƚƌŽƵƚŚĂƌǀĞƐƚƚŽƐƵƉƉŽƌƚƌĞĐƌĞĂƚŝŽŶĂů     ĨŝƐŚŝŶŐĂŶĚŵŝŶŝŵŝnjĞŝŵƉĂĐƚƐŽŶŶĂƚŝǀĞĨŝƐŚ͘       DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŶƵŵďĞƌƐ͘ĞŐŝŶƚŽƵŶĚĞƌƐƚĂŶĚ     ƉŽƉƵůĂƚŝŽŶƐŝnjĞĂŶĚƚƌĞŶĚ͘       EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞŽƉƉŽƌƚƵŶŝƚLJĨŽƌŚĂƌǀĞƐƚĂŶĚ  ƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐ͘  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞŚĂďŝƚĂƚƚŽƐƵƉƉŽƌƚĞĐŽƐLJƐƚĞŵĨƵŶĐƚŝŽŶĂŶĚƉƌŽĚƵĐƚŝŽŶŽĨƚƌŽƵƚĂŶĚǁŚŝƚĞĨŝƐŚ͘^ĂůǀĂŐĞͬƌĞƐĐƵĞĨŝƐŚĞŶƚƌĂŝŶĞĚŝŶŝŐĨŽƌŬ ĂŵĐĂŶĂůĚƵƌŝŶŐĐĂŶĂůŵĂŝŶƚĞŶĂŶĐĞĚĞǁĂƚĞƌŝŶŐ͘

92 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ĐŚŽ>ĂŬĞ ϲϵϱĂĐƌĞƐ >ĂƌŐĞŵŽƵƚŚďĂƐƐ tŝůĚͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞͬ WƌŽǀŝĚĞĨŽƌĂƋƵĂůŝƚLJƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĂƚ   ,ĂƚĐŚĞƌLJ YƵĂůŝƚLJͬ ůĞĂƐƚϭďĂƐƐхϭϮ͟ĂƚĂƌĂƚĞŽĨϬ͘ϮϱĨŝƐŚƉĞƌ    ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ ŚŽƵƌ͘DĂŝŶƚĂŝŶϭхϭϮ͟ůŝŵŝƚƚŽŵĂŝŶƚĂŝŶůĂƌŐĞƌ     ďĂƐƐĂŶĚƉƌŽƚĞĐƚƐƉĂǁŶĞƌƐ͘ƐƐĞƐƐ     ĐŽŶƚƌŝďƵƚŝŽŶŽĨŚĂƚĐŚĞƌLJƉůĂŶƚƐ͘     ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ WƌŽǀŝĚĞƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͘    ƐƐĞƐƐƌĞƚƵƌŶŽĨƐƚŽĐŬĞĚƚƌŽƵƚ͘         <ŽŬĂŶĞĞƐĂůŵŽŶ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ WƌŽǀŝĚĞĨŽƌŚĂƌǀĞƐƚĂŶĚƌĞĐƌĞĂƚŝŽŶĂů    ŽƉƉŽƌƚƵŶŝƚLJĨŽƌϭϮ͟ƐĂůŵŽŶ͘     EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͘     >ĂŬĞǁŚŝƚĞĨŝƐŚ͕ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͘ zĞůůŽǁƉĞƌĐŚ        ^ŵĂůůŵŽƵƚŚďĂƐƐ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗>ĂŬĞƐŚŽƌĞĨůŽŽĚŝŶŐŝŶϮϬϭϭƉƌŽŵƉƚĞĚƚŚĞĐůŽƐŝŶŐŽĨĐŚŽ>ĂŬĞƚŽǁĂŬĞƉƌŽĚƵĐŝŶŐďŽĂƚƐƉĞĞĚƐ͘dŚĞůĂŬĞŚĂƐĨůŽŽĚĞĚŝŶŽƚŚĞƌ ŚŝŐŚͲƐŶŽǁƉĂĐŬLJĞĂƌƐƐŝŶĐĞϮϬϭϭ͘tĞĞŬůLJůĂŬĞĞůĞǀĂƚŝŽŶƐƵƌǀĞLJƐŶŽǁŽĐĐƵƌĚƵƌŝŶŐƐƵŵŵĞƌƚŽďĞƚƚĞƌŝŶĨŽƌŵŵĂŶĂŐĞƌƐŽĨƉŽƚĞŶƚŝĂůĨƵƚƵƌĞĨůŽŽĚĞǀĞŶƚƐ͘ >ŽŽŶ>ĂŬĞ ϰϱĂĐƌĞƐ >ĂƌŐĞŵŽƵƚŚďĂƐƐ tŝůĚͬ 'ĞŶĞƌĂů WƌŽǀŝĚĞĨŽƌĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͘ƐƐĞƐƐ   ,ĂƚĐŚĞƌLJ  ĐŽŶƚƌŝďƵƚŝŽŶŽĨŚĂƚĐŚĞƌLJƉůĂŶƚƐ͘ŽŶƚŝŶƵĞƚŽ     ŵŽŶŝƚŽƌůĂƌŐĞŵŽƵƚŚďĂƐƐŶĞƐƚĐŽƵŶƚƐ͘       ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚĂŶĚdĂŬĞͬ WƌŽǀŝĚĞĨŽƌĂůĂƌŐĞ;хϭϴ͟ͿƌĂŝŶďŽǁƚƌŽƵƚ    YƵĂůŝƚLJ ĨŝƐŚĞƌLJĂŶĚƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͘       zĞůůŽǁƉĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͘  

93 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ,ŽƌƐĞƐŚŽĞ>ĂŬĞ ϰϭĂĐƌĞƐ ^ŵĂůůŵŽƵƚŚďĂƐƐ tŝůĚͬ,ĂƚĐŚĞƌLJ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ WƌŽǀŝĚĞƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͘     ƐƐĞƐƐĐŽŶƚƌŝďƵƚŝŽŶŽĨŚĂƚĐŚĞƌLJĨŝƐŚ͘/ŶƐƚĂůů     ŚĂďŝƚĂƚƐƚƌƵĐƚƵƌĞƐƚŽŝŵƉƌŽǀĞƐƉĂǁŶŝŶŐĂŶĚ     ƐƵƌǀŝǀĂů͘       WƵŵƉŬŝŶƐĞĞĚ tŝůĚ 'ĞŶĞƌĂů        zĞůůŽǁƉĞƌĐŚ dƌĂŶƐĨĞƌ ^ƵƉƉƌĞƐƐŝŽŶ zĞůůŽǁƉĞƌĐŚǁĞƌĞĨŝƌƐƚŽďƐĞƌǀĞĚŝŶ,ŽƌƐĞƐŚŽĞ   >ĂŬĞŝŶϮϬϭϭĂƐƚŚĞƌĞƐƵůƚŽĨĂŶŝůůĞŐĂůƉůĂŶƚ͘  &tWŵŽŶŝƚŽƌŝŶŐĐŽŶĨŝƌŵĞĚƉƌĞƐĞŶĐĞĂŶĚ ƌĞƉƌŽĚƵĐƚŝŽŶŝŶDĂLJϮϬϭϮ͘ůŝŵŝŶĂƚĞŚĂƌǀĞƐƚ ĂŶĚƐƵƉƉƌĞƐƐĂƐƉŽƐƐŝďůĞƚŽƌĞŵŽǀĞŝŶĐĞŶƚŝǀĞ ƚŽŵŽǀĞƚŽŽƚŚĞƌǁĂƚĞƌƐ͘ 

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100 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶͬ DĂŝŶƚĂŝŶŽƌĞdžƉĂŶĚƉŽƉƵůĂƚŝŽŶƐŽĨǁĞƐƚƐůŽƉĞ    'ĞŶĞƌĂů ĐƵƚƚŚƌŽĂƚƚƌŽƵƚ͘ŽŶƐŝĚĞƌŝƐŽůĂƚŝŽŶŽĨ     ƉŽƉƵůĂƚŝŽŶƐŝĨŚLJďƌŝĚŝnjĂƚŝŽŶŝƐĂƚŚƌĞĂƚĂŶĚ     ŚĂďŝƚĂƚŝƐƐƵĨĨŝĐŝĞŶƚƚŽĂůůŽǁƉĞƌƐŝƐƚĞŶĐĞ͘     WƌŽǀŝĚĞĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJŝŶĐůƵĚŝŶŐŚĂƌǀĞƐƚ     ĨŽƌǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚǁŚĞƌĞƉŽƐƐŝďůĞ͘      ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĐƵƌƌĞŶƚůĞǀĞůƐŽĨĂŶŐůŝŶŐŚĂƌǀĞƐƚ ƌŽŽŬƚƌŽƵƚ͕    EŽƌƚŚĞƌŶƉŝŬĞ        DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŶƵŵďĞƌƐ͘ĞŐŝŶƚŽƵŶĚĞƌƐƚĂŶĚ ƉŽƉƵůĂƚŝŽŶƐŝnjĞĂŶĚƚƌĞŶĚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ŽŶƚŝŶƵĞƚŽŵĂŶĂŐĞĐŽŶŶĞĐƚŝǀŝƚLJƚŽĨĂǀŽƌŶĂƚŝǀĞĨŝƐŚĞƐ͘ tŚŝƚĞĨŝƐŚ>ĂŬĞ͕ ϯ͕ϯϭϱĂĐƌĞƐ͕ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů dĂůůLJ>ĂŬĞ͕ ϭ͕ϮϭϭĂĐƌĞƐ͕    ƚƌŽƵƚ͘ hƉƉĞƌ^ƚŝůůǁĂƚĞƌ ϱϵϮĂĐƌĞƐ͕     >ĂŬĞ͕  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŽƌĞdžƉĂŶĚƉŽƉƵůĂƚŝŽŶƐŽĨǁĞƐƚƐůŽƉĞ >ŽǁĞƌ^ƚŝůůǁĂƚĞƌ ϮϱϮĂĐƌĞƐ    ĐƵƚƚŚƌŽĂƚƚƌŽƵƚ͘ŽŶƐŝĚĞƌŝƐŽůĂƚŝŽŶŽĨ >ĂŬĞ     ƉŽƉƵůĂƚŝŽŶƐŝĨŚLJďƌŝĚŝnjĂƚŝŽŶŝƐĂƚŚƌĞĂƚĂŶĚ      ŚĂďŝƚĂƚŝƐƐƵĨĨŝĐŝĞŶƚƚŽĂůůŽǁƉĞƌƐŝƐƚĞŶĐĞ͘     WƌŽǀŝĚĞĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJŝŶĐůƵĚŝŶŐŚĂƌǀĞƐƚ     ĨŽƌǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚǁŚĞƌĞƉŽƐƐŝďůĞ͘       >ĂŬĞƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂůͬ WƌŽǀŝĚĞĂŶŐůŝŶŐŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJ͘ EŽƌƚŚĞƌŶƉŝŬĞ͕ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ  zĞůůŽǁƉĞƌĐŚ͕  ZĂŝŶďŽǁƚƌŽƵƚ͕ >ĂŬĞǁŚŝƚĞĨŝƐŚ  



101 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ >ŝƚƚůĞŝƚƚĞƌƌŽŽƚ Ϯ͕ϵϳϬĂĐƌĞƐ <ŽŬĂŶĞĞƐĂůŵŽŶ tŝůĚ 'ĞŶĞƌĂůͬ ǀĂůƵĂƚĞŚĂƌǀĞƐƚůŝŵŝƚƐƚŽŝŶĐƌĞĂƐĞƚŚĞĂǀĞƌĂŐĞ >ĂŬĞ͕    >ŝďĞƌĂůZĞŐƵůĂƚŝŽŶƐ ƐŝnjĞĂƚŚĂƌǀĞƐƚǁŝƚŚŽƵƚŶŽƚŝĐĞĂďůLJƌĞĚƵĐŝŶŐ ƐŚůĞLJ>ĂŬĞ Ϯ͕ϴϱϬĂĐƌĞƐ    ĐĂƚĐŚƌĂƚĞƐŝŶƐŚůĞLJ>ĂŬĞ͘DĂŝŶƚĂŝŶ>ŝƚƚůĞ      ŝƚƚĞƌƌŽŽƚ>ĂŬĞĂƐĂďĂĐŬƵƉďƌŽŽĚƐƚŽĐŬ͘       ZĂŝŶďŽǁƚƌŽƵƚ͕ ,ĂƚĐŚĞƌLJͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞͬ ǀĂůƵĂƚĞƐƚŽĐŬŝŶŐĂŶĚͬŽƌŚĂƌǀĞƐƚůŝŵŝƚƐƚŽ  ZĂŝŶďŽǁdžĐƵƚƚŚƌŽĂƚƚƌŽƵƚ tŝůĚ YƵĂůŝƚLJ ƉƌŽĚƵĐĞƚƌŽƉŚLJƐŝnjĞĨŝƐŚĂŶĚŝŵƉƌŽǀĞĚĂŶŐůĞƌ ŚLJďƌŝĚ͕   ĐĂƚĐŚƌĂƚĞƐ͘ŽŶƚŝŶƵĞƐƚŽĐŬŝŶŐƚƌŝƉůŽŝĚ'ĞƌƌĂƌĚ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƌĂŝŶďŽǁƚƌŽƵƚŝŶ>ŝƚƚůĞŝƚƚĞƌƌŽŽƚ>ĂŬĞƚŽ    ƉƌŽĚƵĐĞĂƚƌŽƉŚLJĨŝƐŚĞƌLJ͘ŽŶƚŝŶƵĞŚLJďƌŝĚ    ƚƌŽƵƚŚĂƚĐŚĞƌLJŽŶƐŚůĞLJ>ĂŬĞƚŽŝŶĐƌĞĂƐĞ    ĂďƵŶĚĂŶĐĞ͘     zĞůůŽǁƉĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞĂŶŐůŝŶŐŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJ ĐŚŽ>ĂŬĞ͕ ϲϵϱĂĐƌĞƐ͕ <ŽŬĂŶĞĞƐĂůŵŽŶ ,ĂƚĐŚĞƌLJͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ǀĂůƵĂƚĞƐƚŽĐŬŝŶŐĂŶĚͬŽƌŚĂƌǀĞƐƚůŝŵŝƚƐƚŽ >ĂŬĞůĂŝŶĞ ϯϴϮĂĐƌĞƐ  tŝůĚ  ŽƉƚŝŵŝnjĞĂŶŐůĞƌĐĂƚĐŚƌĂƚĞ͘       ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ǀĂůƵĂƚĞƐƚŽĐŬŝŶŐĂŶĚͬŽƌŚĂƌǀĞƐƚůŝŵŝƚƐƚŽ     ŽƉƚŝŵŝnjĞĂŶŐůĞƌĐĂƚĐŚƌĂƚĞĂŶĚĂƐƐĞƐƐƐƚŽĐŬŝŶŐ     ƐƵĐĐĞƐƐ͘      >ĂƌŐĞŵŽƵƚŚďĂƐƐ ,ĂƚĐŚĞƌLJ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ WƌŽǀŝĚĞĂŶŐůŝŶŐŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJ͘DĂŝŶƚĂŝŶ    ďĂƐƐƌĞŐƵůĂƚŝŽŶƐŽŶĐŚŽ>ĂŬĞƚŽƉƌŽƚĞĐƚ    ƐƉĂǁŶŝŶŐĨŝƐŚĂŶĚĂŶĂďƵŶĚĂŶƚďĂƐƐ    ƉŽƉƵůĂƚŝŽŶ͘     zĞůůŽǁƉĞƌĐŚ͕ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞĂŶŐůŝŶŐŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJ EŽƌƚŚĞƌŶƉŝŬĞ ^ŵĂůůǀĂůůĞLJĨůŽŽƌ ĂĐŚůĞƐƐ >ĂƌŐĞŵŽƵƚŚďĂƐƐ͕ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞĂŶŐůŝŶŐŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJ͘ ůĂŬĞƐ ƚŚĂŶϯϱϬ zĞůůŽǁƉĞƌĐŚ͕     ĂĐƌĞƐ EŽƌƚŚĞƌŶƉŝŬĞ    ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ  



102 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ͕ ,ĂƚĐŚĞƌLJͬtŝůĚ 'ĞŶĞƌĂůͬ ǀĂůƵĂƚĞƐƚŽĐŬŝŶŐĂŶĚͬŽƌŚĂƌǀĞƐƚůŝŵŝƚƐƚŽ ZĂŝŶďŽǁƚƌŽƵƚ͕ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ŽƉƚŝŵŝnjĞĂŶŐůĞƌĐĂƚĐŚƌĂƚĞ͘ ƌŽŽŬƚƌŽƵƚ͕ ƌĐƚŝĐŐƌĂLJůŝŶŐ ^ŵĂůůŵŽƵŶƚĂŝŶ ĂĐŚůĞƐƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ͕ ,ĂƚĐŚĞƌLJͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞͬ ^ƚŽĐŬĂƚĂďĂƐŝĐƌĂƚĞŽĨϭϬϬǁĞƐƚƐůŽƉĞ ůĂŬĞƐ ƚŚĂŶϯϱϬ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů ĐƵƚƚŚƌŽĂƚĨŝŶŐĞƌůŝŶŐƐĞǀĞƌLJϯLJĞĂƌƐ͘ĚũƵƐƚ ĂĐƌĞƐ ƌŽŽŬƚƌŽƵƚ͕   ƐƚŽĐŬŝŶŐƌĂƚĞƐďĂƐĞĚŽŶŶĂƚƵƌĂůƌĞƉƌŽĚƵĐƚŝŽŶ ƌĐƚŝĐŐƌĂLJůŝŶŐ ĂŶĚĨŝƐŚŝŶŐƉƌĞƐƐƵƌĞƚŽƉƌŽǀŝĚĞĂƌĂŶŐĞŽĨĨŝƐŚ  ƐŝnjĞƐĂŶĚĐĂƚĐŚƌĂƚĞƐ͘ZĞƉůĂĐĞŶŽŶͲŶĂƚŝǀĞĨŝƐŚ ǁŝƚŚǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚǁŚĞŶƚŚĞLJƚŚƌĞĂƚĞŶ ĚŽǁŶƐƚƌĞĂŵŶĂƚŝǀĞĨŝƐŚƉŽƉƵůĂƚŝŽŶƐ͘>ĞĂǀĞ ƐŽŵĞůĂŬĞƐŝŶƚĞŶƚŝŽŶĂůůLJĨŝƐŚůĞƐƐ͘ &ĂŵŝůLJ&ŝƐŚŝŶŐ ĂĐŚůĞƐƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ͕ ,ĂƚĐŚĞƌLJ WƵƚĂŶĚdĂŬĞͬ WƌŽǀŝĚĞĂŶŐůŝŶŐŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJĨŽƌLJŽƵƚŚƐ WŽŶĚƐͲ ƚŚĂŶϱĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ &ĂŵŝůLJ&ŝƐŚŝŶŐtĂƚĞƌ ĂŶĚĨŝƐŚŝŶŐŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌĨĂŵŝůŝĞƐ WŝŶĞ'ƌŽǀĞ͕  ĞŵƉŚĂƐŝnjŝŶŐŚŝŐŚĐĂƚĐŚƌĂƚĞƐĂŶĚƐĂĨĞ͕ ^ŚĂĚLJ>ĂŶĞ͕  ĐŽŶǀĞŶŝĞŶƚĂĐĐĞƐƐƚŽƵƌďĂŶĂƌĞĂƐ͘ ƌLJƌŝĚŐĞ͕   ƵĨĨĂůŽŚĞĂĚ &ůĂƚŚĞĂĚ>ĂŬĞ ϭϮϯ͕ϬϬϬ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů  ĂĐƌĞƐ    ƚƌŽƵƚ͘         tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ůŝŵŝŶĂƚĞŚĂƌǀĞƐƚĂŶĚŵĂŝŶƚĂŝŶŽƌĞdžƉĂŶĚ      ƉŽƉƵůĂƚŝŽŶƐĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚĐĂƚĐŚĂŶĚ      ƌĞůĞĂƐĞĐƵƚƚŚƌŽĂƚĂŶŐůŝŶŐ͘        >ĂŬĞǁŚŝƚĞĨŝƐŚ͕ tŝůĚ 'ĞŶĞƌĂůͬ WƌŽǀŝĚĞĂŶŐůŝŶŐŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJƚŽƌĞĚƵĐĞ  EŽƌƚŚĞƌŶƉŝŬĞ͕ ^ƵƉƉƌĞƐƐŝŽŶ ŶƵŵďĞƌƐƚŽŚĞůƉŵĞĞƚŶĂƚŝǀĞƐƉĞĐŝĞƐŐŽĂůƐ͘  zĞůůŽǁƉĞƌĐŚ͕ ŽŽƌĚŝŶĂƚĞǁŝƚŚ^ĂŬĞƚƌŽƵƚ͕ ZĂŝŶďŽǁƚƌŽƵƚ 



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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ^ŝůǀĞƌŽǁƌĞĞŬ ϮϱŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ůŝŵŝŶĂƚĞŚĂƌǀĞƐƚĂŶĚĞŶŚĂŶĐĞĨůƵǀŝĂů ĂŶĚdƌŝďƵƚĂƌŝĞƐ ŵĂŝŶƐƚĞŵ ƉŽƉƵůĂƚŝŽŶƐĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚĐĂƚĐŚͲĂŶĚͲ ƉůƵƐ ƌĞůĞĂƐĞĂŶŐůŝŶŐ͘WƌŽŵŽƚĞĐŽŶŶĞĐƚŝǀŝƚLJĂŵŽŶŐ ƚƌŝďƵƚĂƌŝĞƐ ƚƌŝďƵƚĂƌLJƉŽƉƵůĂƚŝŽŶƐ͘

ƌŽŽŬƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĨŽƌƚŚĞƌĞĐŽǀĞƌLJŽĨǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚ ZĂŝŶďŽǁƚƌŽƵƚ͕ ƚƌŽƵƚďLJĐŽŶƚŝŶƵŝŶŐƚŽĂůůŽǁůŝďĞƌĂůŚĂƌǀĞƐƚŽĨ ƌŽǁŶƚƌŽƵƚ ŶŽŶŶĂƚŝǀĞƚƌŽƵƚ͘ŽŶƐŝĚĞƌŽƚŚĞƌŽƉƚŝŽŶƐƚŽ ƌĞĚƵĐĞŶŽŶŶĂƚŝǀĞƚƌŽƵƚŶƵŵďĞƌƐŝĨŽƉƚŝŽŶƐĂƌĞ ƉƌĂĐƚŝĐĂůĂŶĚǁŽƵůĚŝŶĐƌĞĂƐĞŶĂƚŝǀĞƚƌŽƵƚ ĚĞŶƐŝƚLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ůĞĂŶƵƉŽĨŵŝŶŝŶŐĐŽŶƚĂŵŝŶĂƚŝŽŶƚŚƌŽƵŐŚŽƵƚƌĞĂĐŚ͘/ŶĐƌĞĂƐĞŝŶƐƚƌĞĂŵĨůŽǁĂŶĚĞŶŚĂŶĐĞŚĂďŝƚĂƚƚŽƐƵƉƉŽƌƚĞĐŽƐLJƐƚĞŵĨƵŶĐƚŝŽŶ ĂŶĚƉƌŽĚƵĐƚŝŽŶŽĨŶĂƚŝǀĞƚƌŽƵƚ͘/ŵƉƌŽǀĞǁĂƚĞƌƋƵĂůŝƚLJŽĨƵƚƚĞDĞƚƌŽ^ĞǁĂŐĞdƌĞĂƚŵĞŶƚWůĂŶƚĚŝƐĐŚĂƌŐĞ͘DĂŝŶƚĂŝŶĂďĂƌƌŝĞƌŽŶƚŚĞŵĂŝŶƐƚĞŵ;ũƵƐƚďĞůŽǁ 'ĞƌŵĂŶ'ƵůĐŚͿƚŽƉƌĞǀĞŶƚĐŽůŽŶŝnjĂƚŝŽŶŽĨďƌŽǁŶƚƌŽƵƚĂŶĚƌĂŝŶďŽǁƚƌŽƵƚĂŶĚĂůůŽǁĨŽƌĂǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚĨŝƐŚĞƌLJƚŽĚĞǀĞůŽƉ͘ tĂƌŵ^ƉƌŝŶŐƐ ϯϬŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů ƌĞĞŬĂŶĚ ŵĂŝŶƐƚĞŵ ƚƌŽƵƚ͘ŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJĂŶĚƌĞƐŝĚĞŶƚ dƌŝďƵƚĂƌŝĞƐ ƉůƵƐ ƉŽƉƵůĂƚŝŽŶƐĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶ͘ ƚƌŝďƵƚĂƌŝĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ WƌĞƐĞƌǀĞĞdžŝƐƚŝŶŐŐĞŶĞƚŝĐƐŝŶĐƵƌƌĞŶƚůLJŝƐŽůĂƚĞĚ ƌĞƐŝĚĞŶƚƉŽƉƵůĂƚŝŽŶƐ͘/ŵƉƌŽǀĞŵŝŐƌĂƚŽƌLJ ƉŽƉƵůĂƚŝŽŶƐĨŽƌĂŶŐůŝŶŐĂŶĚĐŽŶƐĞƌǀĂƚŝŽŶ͘

ƌŽǁŶƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĨŽƌŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJĂŶĚƌĞĚƵĐĞ ƌŽŽŬƚƌŽƵƚ͕ ŶƵŵďĞƌƐƚŽůĞƐƐĞŶĐŽŵƉĞƚŝƚŝŽŶ͕ŚLJďƌŝĚŝnjĂƚŝŽŶ ZĂŝŶďŽǁƚƌŽƵƚ ǁŝƚŚ͕ĂŶĚƉƌĞĚĂƚŝŽŶŽŶŶĂƚŝǀĞƚƌŽƵƚ͘ďŽǀĞ DĞLJĞƌƐĂŵ͕ĐŽŶƐŝĚĞƌŽƚŚĞƌŽƉƚŝŽŶƐƚŽƌĞĚƵĐĞ ŶƵŵďĞƌƐŝĨŽƉƚŝŽŶƐǁŽƵůĚŝŶĐƌĞĂƐĞŶĂƚŝǀĞƚƌŽƵƚ ĚĞŶƐŝƚLJĂŶĚĐƵƚƚŚƌŽĂƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ůĞĂŶƵƉŽĨŵŝŶŝŶŐĐŽŶƚĂŵŝŶĂƚŝŽŶĚŽǁŶƐƚƌĞĂŵŽĨŶĂĐŽŶĚĂ͘^ĞĐƵƌĞŝŶƐƚƌĞĂŵĨůŽǁĂŶĚĞŶŚĂŶĐĞŚĂďŝƚĂƚƚŽƐƵƉƉŽƌƚĞĐŽƐLJƐƚĞŵ ĨƵŶĐƚŝŽŶĂŶĚƉƌŽĚƵĐƚŝŽŶŽĨƚƌŽƵƚĂŶĚǁŚŝƚĞĨŝƐŚ͘DĂŶĂŐĞĐŽŶŶĞĐƚŝǀŝƚLJƚŽĨĂǀŽƌŶĂƚŝǀĞƚƌŽƵƚ͕ƉĂƌƚŝĐƵůĂƌůLJďƵůůƚƌŽƵƚ͘

109 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ^ŝůǀĞƌ>ĂŬĞ ϯϬϬĂĐƌĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů     ƚƌŽƵƚ͘ŶŚĂŶĐĞĂĚĨůƵǀŝĂůƉŽƉƵůĂƚŝŽŶĨŽƌ     ĐŽŶƐĞƌǀĂƚŝŽŶ͘       tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚƚŽ    ƉƌŽǀŝĚĞĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͘         ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů ůůŽǁůŝďĞƌĂůŚĂƌǀĞƐƚƚŽƌĞĚƵĐĞĐŽŵƉĞƚŝƚŝŽŶĂŶĚ ƌŽŽŬƚƌŽƵƚ͕  ŚLJďƌŝĚŝnjĂƚŝŽŶǁŝƚŚ͕ĂŶĚƉƌĞĚĂƚŝŽŶŽŶŶĂƚŝǀĞ >ĂŬĞƚƌŽƵƚ ƚƌŽƵƚ͘ŽŶƐŝĚĞƌŽƚŚĞƌŽƉƚŝŽŶƐƚŽƌĞĚƵĐĞ ŶƵŵďĞƌƐŝĨŽƉƚŝŽŶƐǁŽƵůĚŝŶĐƌĞĂƐĞŶĂƚŝǀĞƚƌŽƵƚ ĚĞŶƐŝƚLJĂŶĚĐƵƚƚŚƌŽĂƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ĞƚƚĞƌƉƵďůŝĐĂĐĐĞƐƐŶĞĞĚĞĚ͘DĂŶĂŐĞĐŽŶŶĞĐƚŝǀŝƚLJǁŝƚŚ^ƚŽƌŵ>ĂŬĞƌĞĞŬƚŽĨĂǀŽƌĂĚĨůƵǀŝĂůďƵůůƚƌŽƵƚŵŽǀŝŶŐƵƉƐƚƌĞĂŵƚŽƐƉĂǁŶ͘ WƵƌƐƵĞůĞĂƐŝŶŐŽƌƉƵƌĐŚĂƐŝŶŐƐƚŽƌĞĚǁĂƚĞƌƚŽƐƵƉƉůĞŵĞŶƚtĂƌŵ^ƉƌŝŶŐƐƌĞĞŬĂŶĚƚŚĞůĂƌŬ&ŽƌŬZŝǀĞƌ͘ ůĂƌŬ&ŽƌŬZŝǀĞƌ ϳϬŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů ,ĞĂĚǁĂƚĞƌƐ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƚƌŽƵƚ͘ŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJƉŽƉƵůĂƚŝŽŶƐĨŽƌ ŽǁŶƐƚƌĞĂŵƚŽ     ĐŽŶƐĞƌǀĂƚŝŽŶ͘ŶŚĂŶĐĞĐĂƚĐŚͲĂŶĚͲƌĞůĞĂƐĞ ŽŶĨůƵĞŶĐĞǁŝƚŚ     ǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚĨŝƐŚĞƌLJ͘ &ůŝŶƚƌĞĞŬ͘        ƌŽǁŶƚƌŽƵƚ͕ tŝůĚ YƵĂůŝƚLJͬ DĂŶĂŐĞŚĂƌǀĞƐƚƚŽƐƵƉƉŽƌƚƋƵĂůŝƚLJĂŶŐůŝŶŐ  ZĂŝŶďŽǁƚƌŽƵƚ͕ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ ŽƉƉŽƌƚƵŶŝƚLJ͘ŶƐƵƌĞĂĚĞƋƵĂƚĞĐŽŶŶĞĐƚŝǀŝƚLJǁŝƚŚ  ƌŽŽŬƚƌŽƵƚ ŝŵƉŽƌƚĂŶƚƐƉĂǁŶŝŶŐƚƌŝďƵƚĂƌŝĞƐƚŽƉƌŽǀŝĚĞĨŽƌ ŶĂƚƵƌĂůƌĞĐƌƵŝƚŵĞŶƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ůĞĂŶƵƉŵŝŶŝŶŐĐŽŶƚĂŵŝŶĂƚŝŽŶƚŚƌŽƵŐŚŽƵƚƌĞĂĐŚ͘ŶŚĂŶĐĞŝŶƐƚƌĞĂŵĨůŽǁ͘ŶŚĂŶĐĞĐŽŶŶĞĐƚŝǀŝƚLJǁŝƚŚƚƌŝďƵƚĂƌŝĞƐǁŚĞƌĞ ĂƉƉƌŽƉƌŝĂƚĞ͘WƌŽƚĞĐƚĂŶĚŝŵƉƌŽǀĞŚĂďŝƚĂƚƋƵĂůŝƚLJŝŶƐƉĂǁŶŝŶŐĂŶĚƌĞĂƌŝŶŐĂƌĞĂƐƚŽĞŶŚĂŶĐĞŶĂƚƵƌĂůƌĞĐƌƵŝƚŵĞŶƚŽĨǁŝůĚĂŶĚŶĂƚŝǀĞƚƌŽƵƚĂŶĚǁŚŝƚĞĨŝƐŚ͘    

110 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ tĂƌŵ^ƉƌŝŶŐƐ ϴϵϳĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ ,ĂƚĐŚĞƌLJ YƵĂůŝƚLJ ZĞƐƚƌŝĐƚƚƌŽƵƚŚĂƌǀĞƐƚĂŶĚŵĂŶĂŐĞƐƚŽĐŬŝŶŐ ĂŶĚ:ŽďŽƌƉƐ ƌŽǁŶƚƌŽƵƚ͕ ĚĞŶƐŝƚŝĞƐƚŽƉƌŽŵŽƚĞƋƵĂůŝƚLJĐĂƚĐŚͲĂŶĚͲƌĞůĞĂƐĞ WŽŶĚƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ ĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĨŽƌůĂƌŐĞƚƌŽƵƚ͘ ;ƐƉĞĐŝĞƐŶŽƚƉƌĞƐĞŶƚŝŶĂůů ƉŽŶĚƐͿ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞǁĂƚĞƌƋƵĂůŝƚLJŽĨƉŽŶĚƐ͘^ůŽǁĞƵƚƌŽƉŚŝĐĂƚŝŽŶƉƌŽĐĞƐƐďLJŝŵƉƌŽǀŝŶŐǁĂƚĞƌƋƵĂůŝƚLJŽĨƵƚƚĞDĞƚƌŽ^ĞǁĂŐĞdƌĞĂƚŵĞŶƚWůĂŶƚ ĚŝƐĐŚĂƌŐĞ͘hŶĚĞƌƐƚĂŶĚƚŚĞĞĨĨĞĐƚƐŽĨƐƚŽƌĞĚĐŽŶƚĂŵŝŶĂŶƚƐŽŶƚŚĞďŝŽƚĂŝŶĂŶĚĚŽǁŶƐƚƌĞĂŵŽĨƚŚĞtĂƌŵ^ƉƌŝŶŐƐWŽŶĚƐ͘ ZĂĐĞƚƌĂĐŬWŽŶĚ͕ ϰϱĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ ,ĂƚĐŚĞƌLJ &ĂŵŝůLJ&ŝƐŚŝŶŐtĂƚĞƌ ŶĐŽƵƌĂŐĞLJŽƵƚŚĂŶŐůŝŶŐƚŚƌŽƵŐŚƐƉĞĐŝĂů <ŝĚƐWŽŶĚĂƚ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ ƌĞŐƵůĂƚŝŽŶƐ;ZĂĐĞƚƌĂĐŬWŽŶĚĂŶĚtĂƌŵ^ƉƌŝŶŐƐ tĂƌŵ^ƉƌŝŶŐƐ tD<ŝĚƐWŽŶĚͿ͕ŽƌƐƉĞĐŝĂůĨŝƐŚŝŶŐĚĂLJĞǀĞŶƚƐ tŝůĚůŝĨĞ ;'ƌĂǀĞůWŝƚWŽŶĚͿ͘DĂŶĂŐĞƐƚŽĐŬŝŶŐĚĞŶƐŝƚŝĞƐ DĂŶĂŐĞŵĞŶƚ ĂŶĚƚƌŽƵƚŚĂƌǀĞƐƚƚŽƉƌŽŵŽƚĞƋƵĂůŝƚLJĂŶŐůŝŶŐ ƌĞĂ͕ ŽƉƉŽƌƚƵŶŝƚLJĨŽƌƐƚŽĐŬĞĚƚƌŽƵƚ͘ 'ƌĂǀĞůWŝƚWŽŶĚ ĂĚũĂĐĞŶƚƚŽ ,ŝŐŚǁĂLJϰϴ͕ ^ŬLJůŝŶĞWŽŶĚ >ŝƚƚůĞůĂĐŬĨŽŽƚ ϱϬŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ůŝŵŝŶĂƚĞŚĂƌǀĞƐƚĂŶĚĐŽŶƐĞƌǀĞĂŶĚĞŶŚĂŶĐĞ ZŝǀĞƌĂŶĚ ŵĂŝŶƐƚĞŵ ŵŝŐƌĂƚŽƌLJĂŶĚƌĞƐŝĚĞŶƚƉŽƉƵůĂƚŝŽŶƐĨŽƌ dƌŝďƵƚĂƌŝĞƐ ƉůƵƐ ĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚĐĂƚĐŚͲĂŶĚͲƌĞůĞĂƐĞĂŶŐůŝŶŐ͘ ƚƌŝďƵƚĂƌŝĞƐ ŽŶƐŝĚĞƌŝƐŽůĂƚŝŽŶŽĨůŽĐĂůƉŽƉƵůĂƚŝŽŶƐŽŶůLJŝĨ ŚLJďƌŝĚŝnjĂƚŝŽŶŽƌĐŽŵƉĞƚŝƚŝŽŶŝƐĂƚŚƌĞĂƚĂŶĚ ŚĂďŝƚĂƚĂŶĚĨŝƐŚŶƵŵďĞƌƐĂƌĞƐƵĨĨŝĐŝĞŶƚƚŽĂůůŽǁ ƉĞƌƐŝƐƚĞŶĐĞ͘

ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ

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122 &/^,Z/^DE'DEd/Zd/KE&KZ>Z<&KZ<Z/sZͲ&>/EdͬZK<Z/E'  tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ůĂƌŬ&ŽƌŬZŝǀĞƌ ϱϮŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌͲůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů ;&ůŝŶƚƌĞĞŬ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƚƌŽƵƚ͘ŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJƉŽƉƵůĂƚŝŽŶƐĨŽƌ DŽƵƚŚͲůĂĐŬĨŽŽƚ     ĐŽŶƐĞƌǀĂƚŝŽŶ͘ŶŚĂŶĐĞĐĂƚĐŚͲĂŶĚͲƌĞůĞĂƐĞ ZŝǀĞƌDŽƵƚŚͿĂŶĚ     ǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚĨŝƐŚĞƌLJ͘ dƌŝďƵƚĂƌŝĞƐ        ƌŽǁŶƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů ŽŶƐŝĚĞƌůŝďĞƌĂůƌĞŐƵůĂƚŝŽŶƐƚŽĂůůŽǁĨŽƌŚĂƌǀĞƐƚ   ZĂŝŶďŽǁƚƌŽƵƚ   ŽƉƉŽƌƚƵŶŝƚLJĂŶĚƌĞĚƵĐĞŶƵŵďĞƌƐƚŽůĞƐƐĞŶ     ĐŽŵƉĞƚŝƚŝŽŶǁŝƚŚĂŶĚƉƌĞĚĂƚŝŽŶŽŶŶĂƚŝǀĞƚƌŽƵƚ    ŝĨŚĂďŝƚĂƚĐŽŶĚŝƚŝŽŶƐŝŵƉƌŽǀĞĨŽƌŶĂƚŝǀĞƚƌŽƵƚ͘     ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚůŝŵŝƚƐƚŽƐƵƉƉŽƌƚŶĂƚŝǀĞ ƐƉĞĐŝĞƐŐŽĂůƐďLJƌĞĚƵĐŝŶŐĐŽŵƉĞƚŝƚŝŽŶĂŶĚ ŚLJďƌŝĚŝnjĂƚŝŽŶ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ŽŶƚŝŶƵĞĞĨĨŽƌƚƐƚŽĐůĞĂŶƵƉŵŝŶŝŶŐĐŽŶƚĂŵŝŶĂƚŝŽŶŝŶƵƉƉĞƌƉŽƌƚŝŽŶŽĨƚŚĞĚƌĂŝŶĂŐĞ͘ŶŚĂŶĐĞŝŶͲƐƚƌĞĂŵĨůŽǁƐǁŚĞƌĞƉŽƐƐŝďůĞ ĂŶĚŝŵƉƌŽǀĞƌŝƉĂƌŝĂŶŚĂďŝƚĂƚĂŶĚŐƌĂnjŝŶŐŵĂŶĂŐĞŵĞŶƚǁŚĞƌĞĂƉƉƌŽƉƌŝĂƚĞ͘WƌŽƚĞĐƚĂŶĚŝŵƉƌŽǀĞŚĂďŝƚĂƚƋƵĂůŝƚLJŝŶƐƉĂǁŶŝŶŐĂŶĚƌĞĂƌŝŶŐĂƌĞĂƐƚŽĞŶŚĂŶĐĞ ŶĂƚƵƌĂůƌĞĐƌƵŝƚŵĞŶƚŽĨǁŝůĚĂŶĚŶĂƚŝǀĞƚƌŽƵƚ͘'ĂŝŶĂďĞƚƚĞƌƵŶĚĞƌƐƚĂŶĚŝŶŐŽĨĨĂĐƚŽƌƐůŝŵŝƚŝŶŐƚƌŽƵƚƉŽƉƵůĂƚŝŽŶƐŝŶƌĞĂĐŚďĞƚǁĞĞŶƚŚĞŵŽƵƚŚŽĨ&ůŝŶƚƌĞĞŬĂŶĚ ƚŚĞŵŽƵƚŚŽĨZŽĐŬƌĞĞŬ͘ &ůŝŶƚƌĞĞŬ ϰϭŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů   tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƚƌŽƵƚ͘ŶŚĂŶĐĞĨůƵǀŝĂůƉŽƉƵůĂƚŝŽŶƐŽĨǁĞƐƚƐůŽƉĞ    ĐƵƚƚŚƌŽĂƚĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚĂŶŐůŝŶŐ͘     ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĨŽƌŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJ͘ ƌŽǁŶƚƌŽƵƚ        ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚůŝŵŝƚƐƚŽƐƵƉƉŽƌƚŶĂƚŝǀĞ  ƐƉĞĐŝĞƐŐŽĂůƐďLJƌĞĚƵĐŝŶŐŶƵŵďĞƌƐĂŶĚ ĐŽŵƉĞƚŝƚŝŽŶĂŶĚŚLJďƌŝĚŝnjĂƚŝŽŶ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ŶŚĂŶĐĞŝŶͲƐƚƌĞĂŵĨůŽǁƐďĞůŽǁůůĞŶĚĂůĞŝǀĞƌƐŝŽŶ͘ZĞĚƵĐĞĨŝƐŚĞŶƚƌĂŝŶŵĞŶƚƉĂƌƚŝĐƵůĂƌůLJďĞůŽǁƚŚĞŵŽƵƚŚŽĨŽƵůĚĞƌƌĞĞŬ͘ /ŵƉƌŽǀĞƵƉƐƚƌĞĂŵĨŝƐŚƉĂƐƐĂŐĞǁŚĞƌĞĂƉƉƌŽƉƌŝĂƚĞ͘/ŵƉƌŽǀĞƌŝƉĂƌŝĂŶŚĂďŝƚĂƚĂŶĚŐƌĂnjŝŶŐŵĂŶĂŐĞŵĞŶƚƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞ͘

123 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ 'ĞŽƌŐĞƚŽǁŶ>ĂŬĞ Ϯ͕ϬϴϬĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŶĂŐĞƐƚŽĐŬŝŶŐƚŽƐƵƉƉŽƌƚƋƵĂůŝƚLJĂŶŐůŝŶŐĂŶĚ      ůŝďĞƌĂůŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJ͘         ƌŽŽŬƚƌŽƵƚ ,ĂƚĐŚĞƌLJ dƌŽƉŚLJ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚŶĂƚƵƌĂůƌĞƉƌŽĚƵĐƚŝŽŶĂŶĚ      ƐƵƉƉůĞŵĞŶƚǁŝƚŚŚĂƚĐŚĞƌLJĨŝƐŚƚŽƉƌŽǀŝĚĞ      ĂĚĞƋƵĂƚĞĨŝƐŚĚĞŶƐŝƚŝĞƐĨŽƌĂŶŐůĞƌƐ͘/ŵƉůĞŵĞŶƚ     ŚĂƌǀĞƐƚůŝŵŝƚƐĂŶĚƐƚŽĐŬŝŶŐƌĂƚĞƐƚŚĂƚƉƌŽǀŝĚĞ     ĨŽƌƋƵĂůŝƚLJƐŝnjĞĚĨŝƐŚ͘       <ŽŬĂŶĞĞƐĂůŵŽŶ tŝůĚ >ŝďĞƌĂůƌĞŐƵůĂƚŝŽŶƐ DĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚůŝŵŝƚƐƚŽĂƚƚĂŝŶƋƵĂůŝƚLJ    ƐŝnjĞĚĨŝƐŚĂŶĚŚŝŐŚĂŶŐůĞƌĐĂƚĐŚƌĂƚĞƐ͘     ůůƐƉĞĐŝĞƐ Eͬ Eͬ WƌŽŚŝďŝƚĨŝƐŚŝŶŐĐŽŶƚĞƐƚƐƚŽƌĞĚƵĐĞƐŽĐŝĂů ĐŽŶĨůŝĐƚƐǁŝƚŚŽƚŚĞƌĂŶŐůĞƌƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ŽŶƚŝŶƵĞƚŽǁŽƌŬǁŝƚŚĚĂŵŽƉĞƌĂƚŽƌƐƚŽŵĂŝŶƚĂŝŶƐƵĨĨŝĐŝĞŶƚŽǀĞƌͲǁŝŶƚĞƌƉŽŽůĞůĞǀĂƚŝŽŶƐĂŶĚŝŵƉƌŽǀĞŽƚŚĞƌĚĂŵŽƉĞƌĂƚŝŽŶƐƚŽ ŵŝŶŝŵŝnjĞƚŚĞŝŵƉĂĐƚĐŚƌŽŶŝĐůŽǁǁŝŶƚĞƌĚŝƐƐŽůǀĞĚŽdžLJŐĞŶůĞǀĞůƐŚĂǀĞŽŶĨŝƐŚƉŽƉƵůĂƚŝŽŶƐ͘ ŽƵůĚĞƌƌĞĞŬ ϭϰŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƚƌŽƵƚ͘ŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJĂŶĚƌĞƐŝĚĞŶƚ    ƉŽƉƵůĂƚŝŽŶƐŽĨǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚĨŽƌ    ĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚĂŶŐůŝŶŐ͘     ƌŽǁŶƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů ůůŽǁůŝďĞƌĂůŚĂƌǀĞƐƚƚŽƌĞĚƵĐĞŶƵŵďĞƌƐĂŶĚ ZĂŝŶďŽǁƚƌŽƵƚ͕  ůĞƐƐĞŶŚLJďƌŝĚŝnjĂƚŝŽŶĂŶĚĐŽŵƉĞƚŝƚŝŽŶǁŝƚŚ ƌŽŽŬƚƌŽƵƚ ŶĂƚŝǀĞƚƌŽƵƚ͘ŽŶƐŝĚĞƌŽƚŚĞƌŽƉƚŝŽŶƐƚŽƌĞĚƵĐĞ ŶƵŵďĞƌƐŝĨŽƉƚŝŽŶƐǁŽƵůĚŝŶĐƌĞĂƐĞŶĂƚŝǀĞƚƌŽƵƚ ĚĞŶƐŝƚLJĂŶĚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DŝŶŝŵŝnjĞĞŶƚƌĂŝŶŵĞŶƚŽĨĨŝƐŚŝŶƚŽĚŝǀĞƌƐŝŽŶĚŝƚĐŚĞƐŝŶƚŚĞůŽǁĞƌƉŽƌƚŝŽŶŽĨƚŚĞĚƌĂŝŶĂŐĞĂŶĚŝŵƉƌŽǀĞƌŝƉĂƌŝĂŶŚĂďŝƚĂƚĐŽŶĚŝƚŝŽŶƐ ǁŚĞƌĞĂƉƉƌŽƉƌŝĂƚĞ͘

124 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ &ůŝŶƚƌĞĞŬ ϯϲŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶ͘ dƌŝďƵƚĂƌŝĞƐͲ    DĂŝŶƚĂŝŶŝƐŽůĂƚŝŽŶŽĨǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚ KƚŚĞƌƚŚĂŶ    ƉŽƉƵůĂƚŝŽŶƐƉƌŽƚĞĐƚĞĚďLJďĂƌƌŝĞƌƐƚŽƵƉƐƚƌĞĂŵ ŽƵůĚĞƌƌĞĞŬ    ĨŝƐŚƉĂƐƐĂŐĞŝĨŚĂďŝƚĂƚĂŶĚŶƵŵďĞƌƐĂƌĞ    ƐƵĨĨŝĐŝĞŶƚƚŽĂůůŽǁƉĞƌƐŝƐƚĞŶĐĞ͘DĂŝŶƚĂŝŶ    ĐŽŶŶĞĐƚŝǀŝƚLJƚŽƐƚƌĞĂŵƐĐƵƌƌĞŶƚůLJĐŽŶŶĞĐƚĞĚƚŽ    ĂůůŽǁĨŽƌŵĂŝŶƚĞŶĂŶĐĞŽĨŵŝŐƌĂƚŽƌLJůŝĨĞ    ŚŝƐƚŽƌŝĞƐĂŶĚŵĂŝŶƐƚĞŵĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚŝĞƐ͘     ƌŽǁŶƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚĂŶĚĐŽŶƐŝĚĞƌŵĞĂƐƵƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ ƚŚĂƚƌĞĚƵĐĞƚŚĞŝƌĂďƵŶĚĂŶĐĞŝŶƌĞĂĐŚĞƐ ƌŽŽŬƚƌŽƵƚ ƉƌŽƚĞĐƚĞĚďLJĂďĂƌƌŝĞƌŽƌŝŶƌĞĂĐŚĞƐĐŽŶƐŝĚĞƌĞĚ ŶĂƚŝǀĞƐƉĞĐŝĞƐƐƚƌŽŶŐŚŽůĚƐ͘ŶŚĂŶĐĞƌĂŝŶďŽǁ ĂŶĚďƌŽǁŶƚƌŽƵƚƉŽƉƵůĂƚŝŽŶƐƚŚĂƚƉƌŽǀŝĚĞ ƌĞĐƌƵŝƚŵĞŶƚƚŽ&ůŝŶƚƌĞĞŬŽƌƚŚĞůĂƌŬ&ŽƌŬ ZŝǀĞƌĂŶĚĂƌĞŶŽƚůŽĐĂƚĞĚŝŶƌĞĂĐŚĞƐǁŝƚŚ ĂďƵŶĚĂŶƚŶĂƚŝǀĞƚƌŽƵƚ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞƌŝƉĂƌŝĂŶŚĂďŝƚĂƚĐŽŶĚŝƚŝŽŶƐĂŶĚƌĞĚƵĐĞĨŝƐŚĞŶƚƌĂŝŶŵĞŶƚƉĂƌƚŝĐƵůĂƌůLJŝŶƌĞĂĐŚĞƐƚŚĂƚŵĂŝŶƚĂŝŶŶĂƚŝǀĞƚƌŽƵƚƉŽƉƵůĂƚŝŽŶƐŽƌ ŝŵƉŽƌƚĂŶƚŵŝŐƌĂƚŽƌLJŶŽŶ ŶĂƚŝǀĞƚƌŽƵƚƉŽƉƵůĂƚŝŽŶƐ͘/ŵƉƌŽǀĞŝŶͲƐƚƌĞĂŵĨůŽǁƐŝŶƌĞĂĐŚĞƐƚŚĂƚĂƌĞĐƵƌƌĞŶƚůLJĚĞǁĂƚĞƌĞĚĂŶĚƐƵƉƉŽƌƚĐůĞĂŶͲƵƉĞĨĨŽƌƚƐŝŶĚƌĂŝŶĂŐĞƐǁŝƚŚŵŝŶŝŶŐŝŵƉĂĐƚƐ͘ ,ĂƌǀĞLJƌĞĞŬ ϭϱŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƚƌŽƵƚ͘ŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJĂŶĚƌĞƐŝĚĞŶƚůŝĨĞ     ŚŝƐƚŽƌŝĞƐĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚǁĞƐƚƐůŽƉĞ     ĐƵƚƚŚƌŽĂƚƚƌŽƵƚĂŶŐůŝŶŐ͘DĂŝŶƚĂŝŶďĂƌƌŝĞƌƚŽ     ƉƌŽƚĞĐƚƉŽƉƵůĂƚŝŽŶƐĨƌŽŵŝŶǀĂƐŝŽŶďLJďƌŽǁŶ     ƚƌŽƵƚĂŶĚƌĂŝŶďŽǁƚƌŽƵƚ͘       ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů ůůŽǁůŝďĞƌĂůŚĂƌǀĞƐƚ͘ŽŶƐŝĚĞƌŽƚŚĞƌŽƉƚŝŽŶƐƚŽ  ƌŽǁŶƚƌŽƵƚ  ƌĞĚƵĐĞŶƵŵďĞƌƐŝĨŽƉƚŝŽŶƐǁŽƵůĚŝŶĐƌĞĂƐĞ  ŶĂƚŝǀĞƐƉĞĐŝĞƐŶƵŵďĞƌƐĂŶĚĂŶŐůŝŶŐ  ŽƉƉŽƌƚƵŶŝƚLJ͘ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ 

125 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ŽŶƚŝŶƵĞƚŽŝŵƉƌŽǀĞƌŝƉĂƌŝĂŶŚĂďŝƚĂƚǀŝĂŐƌĂnjŝŶŐŵĂŶĂŐĞŵĞŶƚ͘ZĞĚƵĐĞĞŶƚƌĂŝŶŵĞŶƚŽĨŽƵƚŵŝŐƌĂƚŝŶŐĨŝƐŚĂŶĚƉŽƚĞŶƚŝĂůůLJ ŝŵƉůĞŵĞŶƚƐĞůĞĐƚŝǀĞƵƉƐƚƌĞĂŵĨŝƐŚƉĂƐƐĂŐĞĨŽƌďƵůůƚƌŽƵƚĂƚƚŚĞďĂƌƌŝĞƌŶĞĂƌƚŚĞŵŽƵƚŚ͘ ĂƐƚ&ŽƌŬ ϯϳϬĂĐƌĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů ZĞƐĞƌǀŽŝƌĂŶĚ ĂŶĚϱŵŝůĞƐ    ƚƌŽƵƚĂŶĚĞŶŚĂŶĐĞĂĚĨůƵǀŝĂůƉŽƉƵůĂƚŝŽŶƐĨŽƌ ĂƐƚ&ŽƌŬZŽĐŬ    ĐŽŶƐĞƌǀĂƚŝŽŶ͘ ƌĞĞŬĂďŽǀĞ     ZĞƐĞƌǀŽŝƌ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚͬ YƵĂůŝƚLJ DĂŶĂŐĞĨŽƌŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJŽĨƋƵĂůŝƚLJƐŝnjĞĚ  ,ĂƚĐŚĞƌLJ  ĨŝƐŚ͘ǀĂůƵĂƚĞƐƚŽĐŬŝŶŐƚŽĚĞƚĞƌŵŝŶĞƌĞƚƵƌŶƚŽ    ĐƌĞĞůĂŶĚĂƐƐĞƐƐĞdžƉĂŶƐŝŽŶŽĨƉŽƉƵůĂƚŝŽŶŝŶ    ƵƉƐƚƌĞĂŵƚƌŝďƵƚĂƌŝĞƐ     ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů ůůŽǁůŝďĞƌĂůŚĂƌǀĞƐƚ͘ŽŶƐŝĚĞƌŽƚŚĞƌŽƉƚŝŽŶƐƚŽ ƌŽŽŬƚƌŽƵƚ  ƌĞĚƵĐĞŶƵŵďĞƌƐŝĨŽƉƚŝŽŶƐǁŽƵůĚŝŶĐƌĞĂƐĞ ŶĂƚŝǀĞƚƌŽƵƚĚĞŶƐŝƚLJĂŶĚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tŽƌŬƚŽŵĂŝŶƚĂŝŶŵŝŶŝŵƵŵƌĞƐĞƌǀŽŝƌůĞǀĞůƐƚŽŝŵƉƌŽǀĞŽǀĞƌǁŝŶƚĞƌŚĂďŝƚĂƚĐŽŶĚŝƚŝŽŶƐĂŶĚƌĞĚƵĐĞĞŶƚƌĂŝŶŵĞŶƚŽĨďƵůůƚƌŽƵƚ ƚŚƌŽƵŐŚƚŚĞĚĂŵ͘ ĂƐƚ&ŽƌŬZŽĐŬ ϴŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů ƌĞĞŬͲĞůŽǁ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƚƌŽƵƚ͘ŶŚĂŶĐĞĨůƵǀŝĂůĂŶĚƌĞƐŝĚĞŶƚƉŽƉƵůĂƚŝŽŶƐ ĂƐƚ&ŽƌŬĂŵ     ĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶ͘         ƌŽǁŶƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů ůůŽǁůŝďĞƌĂůŚĂƌǀĞƐƚ͘ŽŶƐŝĚĞƌŽƚŚĞƌŽƉƚŝŽŶƐƚŽ   ZĂŝŶďŽǁƚƌŽƵƚ͕  ƌĞĚƵĐĞŶƵŵďĞƌƐŝĨŽƉƚŝŽŶƐǁŽƵůĚŝŶĐƌĞĂƐĞ ƌŽŽŬƚƌŽƵƚ ŶĂƚŝǀĞƚƌŽƵƚĚĞŶƐŝƚLJĂŶĚǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚ ĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞŚĂďŝƚĂƚĐŽŶĚŝƚŝŽŶƐďĞůŽǁƚŚĞƌĞƐĞƌǀŽŝƌďLJŝŵƉƌŽǀŝŶŐŝŶͲƐƚƌĞĂŵĨůŽǁƐĂŶĚŵĂŝŶƚĂŝŶŝŶŐƉĞƌŝŽĚŝĐĨůƵƐŚŝŶŐĨůŽǁƐ͘/ŵƉƌŽǀĞ ƌŝƉĂƌŝĂŶŚĂďŝƚĂƚĂŶĚƌĞĚƵĐĞĞŶƚƌĂŝŶŵĞŶƚŽĨŶĂƚŝǀĞĨŝƐŚǁŚĞƌĞĂƉƉƌŽƉƌŝĂƚĞ͘ ZŽĐŬƌĞĞŬ ϲϮŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů   tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƚƌŽƵƚ͘ŶŚĂŶĐĞĨůƵǀŝĂůƉŽƉƵůĂƚŝŽŶƐŽĨtdĨŽƌ     ĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚĂŶŐůŝŶŐ͘           ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ   

126 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ DĂŝŶƚĂŝŶĐĂƚĐŚͲĂŶĚͲƌĞůĞĂƐĞƌĞŐƵůĂƚŝŽŶƐŝŶ     ĂƚƚĞŵƉƚƚŽŝŵƉƌŽǀĞŶƵŵďĞƌƐǁŚŝůĞƌĞĐŽŐŶŝnjŝŶŐ     ƚŚĂƚǁŚŝƌůŝŶŐĚŝƐĞĂƐĞŝƐůŝŬĞůLJƚŚĞƉƌŝŵĂƌLJ     ůŝŵŝƚŝŶŐĨĂĐƚŽƌ͘       ƌŽǁŶƚƌŽƵƚ tŝůĚ >ŝďĞƌĂůZĞŐƵůĂƚŝŽŶƐ DĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚƌĞŐƵůĂƚŝŽŶƐƚŽĂůůŽǁĨŽƌ  ŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJĂŶĚƌĞĚƵĐĞŶƵŵďĞƌƐƚŽ  ůĞƐƐĞŶĐŽŵƉĞƚŝƚŝŽŶǁŝƚŚĂŶĚƉƌĞĚĂƚŝŽŶŽŶ ŶĂƚŝǀĞƚƌŽƵƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ŽŶƚŝŶƵĞĞĨĨŽƌƚƐƚŽƉƌŽƚĞĐƚƉƌŝǀĂƚĞůĂŶĚƐǀŝĂĐŽŶƐĞƌǀĂƚŝŽŶĞĂƐĞŵĞŶƚƐĂŶĚůĂŶĚĂĐƋƵŝƐŝƚŝŽŶ͘/ŵƉƌŽǀĞƌŝƉĂƌŝĂŶŚĂďŝƚĂƚĂŶĚŐƌĂnjŝŶŐ ŵĂŶĂŐĞŵĞŶƚŝŶĚƌĂŝŶĂŐĞǁŚĞƌĞĂƉƉƌŽƉƌŝĂƚĞ͘ZĞĚƵĐĞĞŶƚƌĂŝŶŵĞŶƚŽĨŶĂƚŝǀĞĂŶĚǁŝůĚĨŝƐŚŝŶƚŽŝƌƌŝŐĂƚŝŽŶĚŝƚĐŚĞƐ͘ ZŽĐŬƌĞĞŬ  ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů dƌŝďƵƚĂƌŝĞƐ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƚƌŽƵƚ͘ŶŚĂŶĐĞĨůƵǀŝĂůĂŶĚƌĞƐŝĚĞŶƚƉŽƉƵůĂƚŝŽŶƐ      ŽĨǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚ      ĂŶŐůŝŶŐ͘        ƌŽǁŶƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů ůůŽǁůŝďĞƌĂůŚĂƌǀĞƐƚ͘ŽŶƐŝĚĞƌŽƚŚĞƌŽƉƚŝŽŶƐƚŽ ZĂŝŶďŽǁƚƌŽƵƚ͕  ƌĞĚƵĐĞŶƵŵďĞƌƐŝĨŽƉƚŝŽŶƐǁŽƵůĚŝŶĐƌĞĂƐĞ ƌŽŽŬƚƌŽƵƚ ŶĂƚŝǀĞƚƌŽƵƚĚĞŶƐŝƚLJĂŶĚtdĂŶŐůŝŶŐ ŽƉƉŽƌƚƵŶŝƚLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞƌŝƉĂƌŝĂŶŚĂďŝƚĂƚǁŚĞƌĞĂƉƉƌŽƉƌŝĂƚĞĂŶĚƌĞĚƵĐĞĞŶƚƌĂŝŶŵĞŶƚŽĨŶĂƚŝǀĞĨŝƐŚǁŚĞƌĞŶĞĐĞƐƐĂƌLJ͘ dƌŝďƵƚĂƌŝĞƐƚŽƚŚĞ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJĂŶĚƌĞƐŝĚĞŶƚƉŽƉƵůĂƚŝŽŶƐĨŽƌ ůĂƌŬ&ŽƌŬZŝǀĞƌ    ĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚĂŶŐůŝŶŐ͘DĂŝŶƚĂŝŶŝƐŽůĂƚŝŽŶŽĨ ;KƚŚĞƌdŚĂŶ    ƉŽƉƵůĂƚŝŽŶƐƉƌŽƚĞĐƚĞĚďLJďĂƌƌŝĞƌƐŝĨŚĂďŝƚĂƚĂŶĚ ,ĂƌǀĞLJƌĞĞŬ͕    ĨŝƐŚĂďƵŶĚĂŶĐĞĂƌĞƐƵĨĨŝĐŝĞŶƚƚŽĂůůŽǁ &ůŝŶƚƌĞĞŬĂŶĚ    ƉĞƌƐŝƐƚĞŶĐĞ͘DĂŝŶƚĂŝŶĐŽŶŶĞĐƚŝǀŝƚLJƚŽƐƚƌĞĂŵƐ ZŽĐŬƌĞĞŬͿ    ĐƵƌƌĞŶƚůLJĐŽŶŶĞĐƚĞĚƚŽĂůůŽǁĨŽƌŵŝŐƌĂƚŽƌLJůŝĨĞ     ŚŝƐƚŽƌŝĞƐĂŶĚŵĂŝŶƐƚĞŵĂŶŐůŝŶŐ͘                ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ   

127 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚĂŶĚĐŽŶƐŝĚĞƌŵĞĂƐƵƌĞƐ ƌŽǁŶƚƌŽƵƚ͕  ƚŚĂƚƌĞĚƵĐĞƚŚĞŝƌĂďƵŶĚĂŶĐĞŝŶƌĞĂĐŚĞƐ ƌŽŽŬƚƌŽƵƚ ƉƌŽƚĞĐƚĞĚďLJĂďĂƌƌŝĞƌŽƌŝŶƌĞĂĐŚĞƐĐŽŶƐŝĚĞƌĞĚ ŶĂƚŝǀĞƐƉĞĐŝĞƐƐƚƌŽŶŐŚŽůĚƐ͘ŶŚĂŶĐĞƌĂŝŶďŽǁ ĂŶĚďƌŽǁŶƚƌŽƵƚƉŽƉƵůĂƚŝŽŶƐƚŚĂƚƉƌŽǀŝĚĞ ƌĞĐƌƵŝƚŵĞŶƚƚŽƚŚĞůĂƌŬ&ŽƌŬZŝǀĞƌĂŶĚĂƌĞŶŽƚ ůŽĐĂƚĞĚŝŶƌĞĂĐŚĞƐǁŝƚŚĂďƵŶĚĂŶƚŶĂƚŝǀĞƚƌŽƵƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞĚĞŐƌĂĚĞĚƌŝƉĂƌŝĂŶŚĂďŝƚĂƚƉĂƌƚŝĐƵůĂƌůLJŝŶƐƚƌĞĂŵƌĞĂĐŚĞƐǁŚĞƌĞŶĂƚŝǀĞƐĂůŵŽŶŝĚƐĂƌĞƉƌĞƐĞŶƚ͘ZĞĚƵĐĞĨŝƐŚĞŶƚƌĂŝŶŵĞŶƚ ƉĂƌƚŝĐƵůĂƌůLJĂƚůŽĐĂƚŝŽŶƐǁŚĞƌĞŶĂƚŝǀĞĨŝƐŚĂƌĞƌŽƵƚŝŶĞůLJĞŶƚƌĂŝŶĞĚ͘ 

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ƌŽǁŶƐ>ĂŬĞ ϱϯϬĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŶĂŐĞĨŽƌƚƌŽƉŚLJƌĂŝŶďŽǁƚƌŽƵƚĂŶĚƋƵĂůŝƚLJ  ŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚŝĞƐǁŝƚŚŚŝŐŚĐĂƚĐŚƌĂƚĞƐ͘

EŽƌƚŚ&ŽƌŬ ϳϬŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞĐůŽƐƵƌĞĨŽƌŝŶƚĞŶƚŝŽŶĂůĂŶŐůŝŶŐŽĨďƵůů ůĂĐŬĨŽŽƚZŝǀĞƌ͕  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƚƌŽƵƚĂŶĚĞŶŚĂŶĐĞŵĞŶƚŽĨĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ DŽŶƚƵƌĞĂŶĚ    ĨŽƌǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ͘ŽŶƐŝĚĞƌ ŽƉƉĞƌͬ>ĂŶĚĞƌƐ    ƌĞŝŶƚƌŽĚƵĐƚŝŽŶƐŽĨǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚĂŶĚ &ŽƌŬƌĂŝŶĂŐĞƐ    ŝŶƚƌŽĚƵĐƚŝŽŶŽĨďƵůůƚƌŽƵƚŝŶƚŚĞƐƚƌĞĂŵƐĂŶĚ     ůĂŬĞƐŝŶƚŚĞtŝůĚĞƌŶĞƐƐĂƌĞĂŽĨƚŚĞEŽƌƚŚ&ŽƌŬ    ƵƉƐƚƌĞĂŵŽĨƚŚĞEŽƌƚŚ&ŽƌŬ&ĂůůƐ͘     ƌŽǁŶƚƌŽƵƚ tŝůĚ >ŝďĞƌĂůZĞŐƵůĂƚŝŽŶƐ DĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJƚŽƌĞĚƵĐĞ    ĞdžƉĂŶƐŝŽŶĂŶĚŝŵƉĂĐƚƐŽŶŽƚŚĞƌƚƌŽƵƚ͘ŽŶƐŝĚĞƌ    ŵĂŶĂŐĞŵĞŶƚƚŚĂƚƌĞĚƵĐĞƐŶƵŵďĞƌƐĂŶĚ    ĚŝƐƚƌŝďƵƚŝŽŶŝĨŝƚǁŽƵůĚŝŵƉƌŽǀĞŶĂƚŝǀĞƚƌŽƵƚ    ŶƵŵďĞƌƐĂŶĚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚŝĞƐ͘     ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ YƵĂůŝƚLJ DĂŝŶƚĂŝŶŶƵŵďĞƌƐĂƚƉƌĞƐĞŶƚůĞǀĞůƐ͘ >ĂŬĞhƉƐĂƚĂ ϵϭĂĐƌĞƐ >ĂƌŐĞŵŽƵƚŚďĂƐƐ ,ĂƚĐŚĞƌLJ YƵĂůŝƚLJ WƌŽǀŝĚĞĨŽƌŚŝŐŚƋƵĂůŝƚLJůĂƌŐĞŵŽƵƚŚďĂƐƐĂŶŐůŝŶŐ ƚŚŽƵŐŚƐƚŽĐŬŝŶŐĂŶĚƌĞƐƚƌŝĐƚŝǀĞƌĞŐƵůĂƚŝŽŶƐ͘ ůĞĂƌǁĂƚĞƌZŝǀĞƌ ϱϬŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƐĞƌǀĞĂŶĚĞŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJĂŶĚƐƚƌĞĂŵͲ ĂŶĚdƌŝďƵƚĂƌŝĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƌĞƐŝĚĞŶƚƉŽƉƵůĂƚŝŽŶƐ͘ŽŶƚŝŶƵĞƉƌŽƚĞĐƚŝǀĞ     ƌĞŐƵůĂƚŝŽŶƐƚŽƉƌŽŚŝďŝƚďƵůůƚƌŽƵƚŚĂƌǀĞƐƚĂŶĚ     ůŝŵŝƚǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚŚĂƌǀĞƐƚ͘       ƌŽǁŶƚƌŽƵƚ͕ tŝůĚ >ŝďĞƌĂůZĞŐƵůĂƚŝŽŶƐ WƌŽǀŝĚĞůŝďĞƌĂůŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚŝĞƐ͘ŽŶƐŝĚĞƌ  ƌŽŽŬƚƌŽƵƚ   ŵĂŶĂŐĞŵĞŶƚƚŚĂƚƌĞĚƵĐĞƐŶƵŵďĞƌƐĂŶĚ     ĚŝƐƚƌŝďƵƚŝŽŶŝĨŝƚǁŽƵůĚŝŵƉƌŽǀĞŶĂƚŝǀĞƚƌŽƵƚ     ŶƵŵďĞƌƐĂŶĚǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚĂŶŐůŝŶŐ     ŽƉƉŽƌƚƵŶŝƚŝĞƐ͘ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  <ŽŬĂŶĞĞƐĂůŵŽŶ tŝůĚͬ 'ĞŶĞƌĂů DĂŶĂŐĞĨŽƌƋƵĂůŝƚLJŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚŝĞƐǁŝƚŚ   ,ĂƚĐŚĞƌLJ  ŚŝŐŚĐĂƚĐŚƌĂƚĞƐ͖ĞǀĂůƵĂƚĞƌĞůĂƚŝǀĞĐŽŶƚƌŝďƵƚŝŽŶ     ŽĨǁŝůĚĂŶĚƐƚŽĐŬĞĚĨŝƐŚ͘      zĞůůŽǁƉĞƌĐŚ͕ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞůŝďĞƌĂůŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJĂŶĚƌĞĚƵĐĞ >ĂƌŐĞŵŽƵƚŚďĂƐƐ͕ ŶƵŵďĞƌƐǁŚĞƌĞƉŽƐƐŝďůĞƚŽƌĞĚƵĐĞĐŽŵƉĞƚŝƚŝŽŶ ^ŵĂůůŵŽƵƚŚďĂƐƐ͕ ǁŝƚŚĂŶĚƉƌĞĚĂƚŝŽŶŽŶƚƌŽƵƚĂŶĚƐĂůŵŽŶ͘ EŽƌƚŚĞƌŶƉŝŬĞ͕ ŵƉŚĂƐŝnjĞƐŵĂůůŵŽƵƚŚďĂƐƐƐƵƉƉƌĞƐƐŝŽŶŝŶ WƵŵƉŬŝŶƐĞĞĚ ĂƌĞĂƐŽĨƉŽƉƵůĂƚŝŽŶĞdžƉĂŶƐŝŽŶ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ĐŽŶƚŝŶƵĞƚŽŵĂŶĂŐĞĐŽŶŶĞĐƚŝǀŝƚLJƚŽďĞŶĞĨŝƚŶĂƚŝǀĞĨŝƐŚĞƐ͘/ŵƉƌŽǀĞƋƵĂůŝƚLJŽĨƚƌŝďƵƚĂƌLJŚĂďŝƚĂƚ͘ ůĞĂƌǁĂƚĞƌ͕ ϴϳϴĂĐƌĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƐĞƌǀĞĂŶĚĞŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJƉŽƉƵůĂƚŝŽŶƐ͘ ZĂŝŶLJ͕ůǀĂ͕    ŽŶƚŝŶƵĞƉƌŽƚĞĐƚŝǀĞƌĞŐƵůĂƚŝŽŶƐƚŽƉƌŽŚŝďŝƚ DĂƌƐŚĂůůĂŶĚ    ĂŶŐůĞƌŚĂƌǀĞƐƚ͘ /ŶĞnj>ĂŬĞƐ      tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŶĂŐĞĨŽƌƋƵĂůŝƚLJƐŝnjĞĚĨŝƐŚĂŶĚŚŝŐŚĐĂƚĐŚ   ,ĂƚĐŚĞƌLJ  ƌĂƚĞƐ͘ǀĂůƵĂƚĞƌĞůĂƚŝǀĞĐŽŶƚƌŝďƵƚŝŽŶƐŽĨǁŝůĚ     ĂŶĚƐƚŽĐŬĞĚĨŝƐŚ͖ĞǀĂůƵĂƚĞƉĞƌĨŽƌŵĂŶĐĞĂŶĚ     ĨĞĂƐŝďŝůŝƚLJŽĨƐƚĞƌŝůĞƐƚŽĐŬĞĚĨŝƐŚ͘       <ŽŬĂŶĞĞƐĂůŵŽŶ tŝůĚͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ǀĂůƵĂƚĞƐƚŽĐŬŝŶŐƚŽŽƉƚŝŵŝnjĞŶƵŵďĞƌƐƚŽĐŬĞĚ͕   ,ĂƚĐŚĞƌLJ  ƐŝnjĞŽĨĨŝƐŚ͕ĂŶĚĐĂƚĐŚƌĂƚĞƐ͖ĞǀĂůƵĂƚĞƌĞůĂƚŝǀĞ     ĐŽŶƚƌŝďƵƚŝŽŶŽĨǁŝůĚΘƐƚŽĐŬĞĚĨŝƐŚ͘       ƌŽŽŬƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞůŝďĞƌĂůŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJĂŶĚƌĞĚƵĐĞ  ƌŽǁŶƚƌŽƵƚ   ŶƵŵďĞƌƐǁŚĞƌĞƉŽƐƐŝďůĞƚŽƌĞĚƵĐĞƉƌĞĚĂƚŝŽŶŽŶ     ĂŶĚĐŽŵƉĞƚŝƚŝŽŶĂŶĚŚLJďƌŝĚŝnjĂƚŝŽŶǁŝƚŚŶĂƚŝǀĞ     ƚƌŽƵƚ͘       zĞůůŽǁƉĞƌĐŚ͕ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞůŝďĞƌĂůŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJĂŶĚƌĞĚƵĐĞ  >ĂƌŐĞŵŽƵƚŚĂƐƐ͕   ŶƵŵďĞƌƐǁŚĞƌĞƉŽƐƐŝďůĞƚŽƌĞĚƵĐĞĐŽŵƉĞƚŝƚŝŽŶ  ^ŵĂůůŵŽƵƚŚĂƐƐ͕   ǁŝƚŚĂŶĚƉƌĞĚĂƚŝŽŶŽŶƚƌŽƵƚĂŶĚƐĂůŵŽŶ͘ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ WƵŵƉŬŝŶƐĞĞĚ   

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ            EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ ŵƉŚĂƐŝnjĞŚĂƌǀĞƐƚƚŽƌĞĚƵĐĞƉƌĞĚĂƚŝŽŶŽŶ  ƚƌŽƵƚ͖ĚĞƌďŝĞƐĂƌĞƌĞƋƵŝƌĞĚƚŽŚĂƌǀĞƐƚĨŝƐŚ͘  džƉůŽƌĞŽƚŚĞƌŚĂƌǀĞƐƚŵĞĂŶƐƐƵĐŚĂƐĂŶŐůĞƌ  ŝŶĐĞŶƚŝǀĞƐĂŶĚĐŽŵŵĞƌĐŝĂůŵĞƚŚŽĚƐƚŚĂƚǁŽƵůĚ ŶĞĞĚůĞŐŝƐůĂƚŝǀĞĂƉƉƌŽǀĂů͘ ^ĞĞůĞLJ>ĂŬĞĂŶĚ ϭ͕ϳϬϳĂĐƌĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƐĞƌǀĞĂŶĚĞŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJƉŽƉƵůĂƚŝŽŶƐ͘ ^ĂůŵŽŶ>ĂŬĞƐ    ŽŶƚŝŶƵĞƉƌŽƚĞĐƚŝǀĞƌĞŐƵůĂƚŝŽŶƐƚŽƉƌŽŚŝďŝƚ     ĂŶŐůĞƌŚĂƌǀĞƐƚ͘       tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ ,ĂƚĐŚĞƌLJͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ǀĂůƵĂƚĞƐƚŽĐŬŝŶŐƚŽĚĞƚĞƌŵŝŶĞƐƵĐĐĞƐƐƚŽĐƌĞĞů   tŝůĚ  ĂŶĚĞĨĨĞĐƚƐŽŶĞŶĚĞŵŝĐƉŽƉƵůĂƚŝŽŶƐŽĨ     ǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚ͘ŽŶƐŝĚĞƌƐƚŽĐŬŝŶŐƐƚĞƌŝůĞ      ĨŝƐŚĂĨƚĞƌĞǀĂůƵĂƚŝŽŶŽĨƉĞƌĨŽƌŵĂŶĐĞ͘       <ŽŬĂŶĞĞƐĂůŵŽŶ tŝůĚͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ǀĂůƵĂƚĞƐƚŽĐŬŝŶŐƚŽŽƉƚŝŵŝnjĞŶƵŵďĞƌƐƚŽĐŬĞĚ͕   ,ĂƚĐŚĞƌLJ  ƐŝnjĞŽĨĨŝƐŚĂŶĚĂŶŐůĞƌĐĂƚĐŚƌĂƚĞ͖ĞǀĂůƵĂƚĞ     ƌĞůĂƚŝǀĞĐŽŶƚƌŝďƵƚŝŽŶŽĨǁŝůĚΘƐƚŽĐŬĞĚĨŝƐŚ͘       ƌŽǁŶƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞůŝďĞƌĂůŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJƚŽƌĞĚƵĐĞ  ƌŽŽŬƚƌŽƵƚ   ĐŽŵƉĞƚŝƚŝŽŶĂŶĚŚLJďƌŝĚŝnjĂƚŝŽŶǁŝƚŚĂŶĚ     ƉƌĞĚĂƚŝŽŶŽŶŶĂƚŝǀĞƚƌŽƵƚ͘ŽŶƐŝĚĞƌŵĞĂƐƵƌĞƐ     ƚŽƌĞĚƵĐĞŶƵŵďĞƌŝĨŶĂƚŝǀĞƚƌŽƵƚŶƵŵďĞƌƐĂŶĚ     ĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJǁŽƵůĚŝŶĐƌĞĂƐĞ͘       >ĂƌŐĞŵŽƵƚŚďĂƐƐ͕ tŝůĚ 'ĞŶĞƌĂů ^ƵƉƉƌĞƐƐ͘  ^ŵĂůůŵŽƵƚŚďĂƐƐ          zĞůůŽǁƉĞƌĐŚ͕ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞůŝďĞƌĂůŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJĂŶĚƌĞĚƵĐĞ  WƵŵƉŬŝŶƐĞĞĚ   ŶƵŵďĞƌƐǁŚĞƌĞƉŽƐƐŝďůĞƚŽƌĞĚƵĐĞĐŽŵƉĞƚŝƚŝŽŶ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    ǁŝƚŚƚƌŽƵƚ͘ 

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ tĞƐƚ&ŽƌŬ ϱϲϱĂĐƌĞƐŽĨ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů ŝƚƚĞƌƌŽŽƚZŝǀĞƌ ƌĞƐĞƌǀŽŝƌĂŶĚ    ƚƌŽƵƚĂŶĚĞŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJƉŽƉƵůĂƚŝŽŶƐĨŽƌ ĂŶĚdƌŝďƵƚĂƌŝĞƐ ϰϮŵŝůĞƐŽĨ    ĐŽŶƐĞƌǀĂƚŝŽŶ͘ ďŽǀĞĂŶĚ ŵĂŝŶƐƚĞŵ     /ŶĐůƵĚŝŶŐWĂŝŶƚĞĚ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞŶƵŵďĞƌƐĂďŽǀĞƉƌĞƐĞŶƚ ZŽĐŬƐZĞƐĞƌǀŽŝƌ    ůĞǀĞůƐĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚĂŶŐůŝŶŐ͘DĂŶĂŐĞĂƐ    ĂƌĞĨƵŐĞĨŽƌƉƵƌĞƐƚƌĂŝŶǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚ    ƚƌŽƵƚ͘     ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚƌĞŐƵůĂƚŝŽŶƐƚŽůĞƐƐĞŶ ĐŽŵƉĞƚŝƚŝŽŶĂŶĚŚLJďƌŝĚŝnjĂƚŝŽŶĂŶĚŚĞůƉŵĞĞƚ ŶĂƚŝǀĞƚƌŽƵƚŐŽĂůƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ŽŶƚŝŶƵĞƚŽŵĂŶĂŐĞĐŽŶŶĞĐƚŝǀŝƚLJƚŽĨĂǀŽƌŶĂƚŝǀĞĨŝƐŚĞƐ͘ ĂƐƚ&ŽƌŬ ϱϲŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů ŝƚƚĞƌƌŽŽƚZŝǀĞƌ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƚƌŽƵƚĂŶĚĞŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJƉŽƉƵůĂƚŝŽŶƐĨŽƌ ĂŶĚtĞƐƚ&ŽƌŬ     ĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚĂŶŐůŝŶŐ͘ ŝƚƚĞƌƌŽŽƚZŝǀĞƌ      ĞůŽǁWĂŝŶƚĞĚ  ƌŽǁŶƚƌŽƵƚ tŝůĚ >ŝďĞƌĂůZĞŐƵůĂƚŝŽŶƐ DĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚƌĞŐƵůĂƚŝŽŶƐƚŽĂůůŽǁĨŽƌ ZŽĐŬƐZĞƐĞƌǀŽŝƌ     ŽƉƉŽƌƚƵŶŝƚLJƚŽŚĂƌǀĞƐƚďƌŽǁŶƚƌŽƵƚĂŶĚƌĞĚƵĐĞ      ĐŽŵƉĞƚŝƚŝŽŶǁŝƚŚĂŶĚƉƌĞĚĂƚŝŽŶŽŶŶĂƚŝǀĞƚƌŽƵƚ͘      ŽŶƐŝĚĞƌŵĂŶĂŐĞŵĞŶƚƚŚĂƚƌĞĚƵĐĞƐŶƵŵďĞƌƐ      ĂŶĚĚŝƐƚƌŝďƵƚŝŽŶŝĨŝƚǁŽƵůĚŝŵƉƌŽǀĞŶĂƚŝǀĞƚƌŽƵƚ      ŶƵŵďĞƌƐĂŶĚǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚĂŶŐůŝŶŐ      ŽƉƉŽƌƚƵŶŝƚŝĞƐ͘        ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ DĂŝŶƚĂŝŶĐĂƚĐŚͲĂŶĚͲƌĞůĞĂƐĞƌĞŐƵůĂƚŝŽŶƐŝŶ   ĂƚƚĞŵƉƚƚŽŝŵƉƌŽǀĞĨŝƐŚĞƌLJǁŚŝůĞƌĞĐŽŐŶŝnjŝŶŐ ƚŚĂƚǁŚŝƌůŝŶŐĚŝƐĞĂƐĞŝƐůŝŬĞůLJƚŚĞƉƌŝŵĂƌLJ ůŝŵŝƚŝŶŐĨĂĐƚŽƌ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ŽŶƚŝŶƵĞƚŽŵĂŶĂŐĞĐŽŶŶĞĐƚŝǀŝƚLJƚŽĨĂǀŽƌŶĂƚŝǀĞĨŝƐŚĞƐ͘

145 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ dƌŝďƵƚĂƌLJ хϭϬϬŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƐĞƌǀĞĂŶĚĞŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJĂŶĚƌĞƐŝĚĞŶƚ ƐƚƌĞĂŵƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƉŽƉƵůĂƚŝŽŶƐ͘ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶ dŽƚŚĞĂƐƚ&ŽƌŬ    ĂŶŐůŝŶŐĨŽƌďƵůůƚƌŽƵƚĂŶĚĞŶŚĂŶĐĞǁĞƐƚƐůŽƉĞ ŝƚƚĞƌƌŽŽƚZŝǀĞƌ    ĐƵƚƚŚƌŽĂƚĨŝƐŚĞƌLJ͘ŽŶƐŝĚĞƌŝƐŽůĂƚŝŽŶŽĨ ĂŶĚtĞƐƚ&ŽƌŬ    ǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƉŽƉƵůĂƚŝŽŶƐŝĨŚLJďƌŝĚŝnjĂƚŝŽŶ ŝƚƚĞƌƌŽŽƚZŝǀĞƌ    ŝƐĂƚŚƌĞĂƚĂŶĚŚĂďŝƚĂƚĂŶĚŶƵŵďĞƌƐĂƌĞ ĞůŽǁWĂŝŶƚĞĚ    ƐƵĨĨŝĐŝĞŶƚƚŽĂůůŽǁƉĞƌƐŝƐƚĞŶĐĞ͘ ZŽĐŬƐZĞƐĞƌǀŽŝƌ      ƌŽǁŶƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJ͘/ŶŶĂƚŝǀĞ ZĂŝŶďŽǁƚƌŽƵƚ͕ ƐƉĞĐŝĞƐƐƚƌŽŶŐŚŽůĚƐ͕ĐŽŶƐŝĚĞƌŵĂŶĂŐĞŵĞŶƚƚŚĂƚ ƌŽŽŬƚƌŽƵƚ ƌĞĚƵĐĞƐŶƵŵďĞƌƐĂŶĚĚŝƐƚƌŝďƵƚŝŽŶŝĨŝƚǁŽƵůĚ  ŝŵƉƌŽǀĞŶĂƚŝǀĞƚƌŽƵƚŶƵŵďĞƌƐĂŶĚĂŶŐůŝŶŐ  ŽƉƉŽƌƚƵŶŝƚŝĞƐ͘ ŝƚƚĞƌƌŽŽƚZŝǀĞƌͲ ϯϬŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů ŽŶĨůƵĞŶĐĞŽĨ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƚƌŽƵƚ͘ŶŚĂŶĐĞĨůƵǀŝĂůƉŽƉƵůĂƚŝŽŶƐŽĨǁĞƐƚƐůŽƉĞ ĂƐƚĂŶĚtĞƐƚ     ĐƵƚƚŚƌŽĂƚĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚĂŶŐůŝŶŐ͘ &ŽƌŬƐ      ĚŽǁŶƐƚƌĞĂŵƚŽ  ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ DĂŝŶƚĂŝŶƉƌĞƐĞŶƚŶƵŵďĞƌƐĂŶĚƐŝnjĞƐ͘ŽŶƐŝĚĞƌ ůŽĚŐĞƚƚƌĞĞŬ  ƌŽǁŶƚƌŽƵƚ   ŵĂŶĂŐĞŵĞŶƚƚŚĂƚƌĞĚƵĐĞƐŶƵŵďĞƌƐĂŶĚ EĞĂƌ,ĂŵŝůƚŽŶ    ĚŝƐƚƌŝďƵƚŝŽŶŝĨŝƚǁŽƵůĚŝŵƉƌŽǀĞŶĂƚŝǀĞƚƌŽƵƚ ŶƵŵďĞƌƐĂŶĚǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚĂŶŐůŝŶŐ ŽƉƉŽƌƚƵŶŝƚŝĞƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ŶŚĂŶĐĞŚĂďŝƚĂƚƚŽĨĂǀŽƌŶĂƚŝǀĞƚƌŽƵƚĂŶĚǁŚŝƚĞĨŝƐŚ͘ ^ŬĂůŬĂŚŽƌĞĞŬ ϮϰŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ WƌŽƚĞĐƚĂŶĚĞŶŚĂŶĐĞŶƵŵďĞƌƐŽĨĨŝƐŚ͘ŽŶƚŝŶƵĞ   tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   LJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůůƚƌŽƵƚ͘    ŶŚĂŶĐĞĨůƵǀŝĂůƉŽƉƵůĂƚŝŽŶƐŽĨǁĞƐƚƐůŽƉĞ    ĐƵƚƚŚƌŽĂƚĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚtdĂŶŐůŝŶŐ͘     ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJ͘ŽŶƐŝĚĞƌ ƌŽǁŶƚƌŽƵƚ͕  ŵĂŶĂŐĞŵĞŶƚƚŚĂƚƌĞĚƵĐĞƐŶƵŵďĞƌƐĂŶĚ ƌŽŽŬƚƌŽƵƚ ĚŝƐƚƌŝďƵƚŝŽŶŝĨŝƚǁŽƵůĚŝŵƉƌŽǀĞŶĂƚŝǀĞƚƌŽƵƚ  ŶƵŵďĞƌƐĂŶĚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚŝĞƐ͘

146 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ dƌŝďƵƚĂƌLJ хϭϬϬŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƐĞƌǀĞĂŶĚĞŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJĂŶĚƌĞƐŝĚĞŶƚ ^ƚƌĞĂŵƐƚŽ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƉŽƉƵůĂƚŝŽŶƐ͘ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶ ŝƚƚĞƌƌŽŽƚZŝǀĞƌ    ĂŶŐůŝŶŐĨŽƌďƵůůƚƌŽƵƚĂŶĚĞŶŚĂŶĐĞǁĞƐƚƐůŽƉĞ ;ŽƚŚĞƌƚŚĂŶ    ĐƵƚƚŚƌŽĂƚƚƌŽƵƚĨŝƐŚĞƌLJ͘ŽŶƐŝĚĞƌŝƐŽůĂƚŝŽŶŽĨ ^ŬĂůŬĂŚŽƌĞĞŬͿ    ǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚƉŽƉƵůĂƚŝŽŶƐŝĨ ĨƌŽŵŽŶĨůƵĞŶĐĞ    ŚLJďƌŝĚŝnjĂƚŝŽŶŝƐĂƚŚƌĞĂƚĂŶĚŚĂďŝƚĂƚĂŶĚ ŽĨĂƐƚĂŶĚtĞƐƚ    ŶƵŵďĞƌƐĂƌĞƐƵĨĨŝĐŝĞŶƚƚŽĂůůŽǁƉĞƌƐŝƐƚĞŶĐĞ͘ &ŽƌŬƐ     ŽǁŶƐƚƌĞĂŵƚŽ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚŽŶĂŶĚĐŽŶƐŝĚĞƌ ůŽĚŐĞƚƚƌĞĞŬ ƌŽǁŶƚƌŽƵƚ͕   ŵĞĂƐƵƌĞƐƚŚĂƚƌĞĚƵĐĞƚŚĞĂďƵŶĚĂŶĐĞŝŶƌĞĂĐŚĞƐ EĞĂƌ,ĂŵŝůƚŽŶ ƌŽŽŬƚƌŽƵƚ͕ ƉƌŽƚĞĐƚĞĚďLJĂďĂƌƌŝĞƌŽƌŝŶƌĞĂĐŚĞƐĐŽŶƐŝĚĞƌĞĚ  ŶĂƚŝǀĞƐƉĞĐŝĞƐƐƚƌŽŶŐŚŽůĚƐ͘ >ĂŬĞŽŵŽ ϵϭϭĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ WƌŽǀŝĚĞůŝďĞƌĂůŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ ŝƚƚĞƌƌŽŽƚZŝǀĞƌͲ ϱϬŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů ůŽĚŐĞƚƚƌĞĞŬƚŽ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƚƌŽƵƚĂŶĚĞŶŚĂŶĐĞĨůƵǀŝĂůǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚ ĐŽŶĨůƵĞŶĐĞǁŝƚŚ     ƉŽƉƵůĂƚŝŽŶƐĨŽƌĐŽŶƐĞƌǀĂƚŝŽŶĂŶĚĂŶŐůŝŶŐ͘ ůĂƌŬ&ŽƌŬ        ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ YƵĂůŝƚLJ DĂŶĂŐĞƚƌŽƵƚŚĂƌǀĞƐƚƚŽƐƵƉƉŽƌƚƋƵĂůŝƚLJĂŶŐůŝŶŐ   ƌŽǁŶƚƌŽƵƚ ŽƉƉŽƌƚƵŶŝƚLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞŚĂďŝƚĂƚƚŽƐƵƉƉŽƌƚĞĐŽƐLJƐƚĞŵĨƵŶĐƚŝŽŶĂŶĚƉƌŽĚƵĐƚŝŽŶŽĨƚƌŽƵƚĂŶĚǁŚŝƚĞĨŝƐŚ͘DĂŶĂŐĞǁĂƚĞƌĨƌŽŵWĂŝŶƚĞĚZŽĐŬƐ ZĞƐĞƌǀŽŝƌƚŽŵĂŝŶƚĂŝŶĨŝƐŚĞƌLJǁŝƚŚƚŚĞŐŽĂůŽĨϰϬϬĐĨƐƚŽĞůůƌŽƐƐŝŶŐ͘ dƌŝďƵƚĂƌLJ хϭϬϬŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƐĞƌǀĞĂŶĚĞŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJĂŶĚƌĞƐŝĚĞŶƚ ƐƚƌĞĂŵƐ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƉŽƉƵůĂƚŝŽŶƐ͘ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶ dŽŝƚƚĞƌƌŽŽƚ    ĂŶŐůŝŶŐĨŽƌďƵůůƚƌŽƵƚĂŶĚĞŶŚĂŶĐĞĐƵƚƚŚƌŽĂƚ ZŝǀĞƌĨƌŽŵ    ĨŝƐŚĞƌLJ͘ŽŶƐŝĚĞƌŝƐŽůĂƚŝŽŶŽĨǁĞƐƚƐůŽƉĞ ůŽĚŐĞƚƚƌĞĞŬƚŽ    ĐƵƚƚŚƌŽĂƚƉŽƉƵůĂƚŝŽŶƐŝĨŚLJďƌŝĚŝnjĂƚŝŽŶŝƐĂƚŚƌĞĂƚ ƚŚĞŽŶĨůƵĞŶĐĞ    ĂŶĚŚĂďŝƚĂƚĂŶĚŶƵŵďĞƌƐĂƌĞƐƵĨĨŝĐŝĞŶƚƚŽĂůůŽǁ ǁŝƚŚůĂƌŬ&ŽƌŬ    ƉĞƌƐŝƐƚĞŶĐĞ͘ ZŝǀĞƌ          ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ   

147 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶůŝďĞƌĂůŚĂƌǀĞƐƚŽŶĂŶĚĐŽŶƐŝĚĞƌ  ƌŽǁŶƚƌŽƵƚ͕   ŵĞĂƐƵƌĞƐƚŚĂƚƌĞĚƵĐĞƚŚĞĂďƵŶĚĂŶĐĞŝŶƌĞĂĐŚĞƐ  ƌŽŽŬƚƌŽƵƚ ƉƌŽƚĞĐƚĞĚďLJĂďĂƌƌŝĞƌŽƌŝŶƌĞĂĐŚĞƐĐŽŶƐŝĚĞƌĞĚ  ŶĂƚŝǀĞƐƉĞĐŝĞƐƐƚƌŽŶŐŚŽůĚƐ͘ŶŚĂŶĐĞƌĂŝŶďŽǁ ĂŶĚďƌŽǁŶƚƌŽƵƚƚŚĂƚƉƌŽǀŝĚĞƌĞĐƌƵŝƚŵĞŶƚƚŽ ƚŚĞŵĂŝŶƐƚĞŵĂŶĚĂƌĞŶŽƚůŽĐĂƚĞĚŝŶƌĞĂĐŚĞƐ ǁŝƚŚĂďƵŶĚĂŶƚŶĂƚŝǀĞƚƌŽƵƚ͘ ,ŝĞƌŽŶLJŵƵƐ ϮĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ &ĂŵŝůLJ&ŝƐŚŝŶŐtĂƚĞƌ WƌŝŵĂƌŝůLJŬŝĚƐĨŝƐŚŝŶŐƉŽŶĚ͘&ĂĐŝůŝƚĂƚĞŚŝŐŚĐĂƚĐŚ WŽŶĚ    ƌĂƚĞƐĂŶĚƋƵĂůŝƚLJŽƉƉŽƌƚƵŶŝƚLJĨŽƌŬŝĚƐĂŶĚ     ŚĂŶĚŝĐĂƉƉĞĚ͘    zĞůůŽǁƉĞƌĐŚ͕ tŝůĚ 'ĞŶĞƌĂů >ĂƌŐĞŵŽƵƚŚďĂƐƐ 

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154 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ &ƌĞŶĐŚƚŽǁŶ ϮϮĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ &ĂŵŝůLJ&ŝƐŚŝŶŐtĂƚĞƌ &ĂĐŝůŝƚĂƚĞŚŝŐŚĐĂƚĐŚƌĂƚĞƐĂŶĚƋƵĂůŝƚLJŚĂƌǀĞƐƚ WŽŶĚ    ŽƉƉŽƌƚƵŶŝƚLJĨŽƌŬŝĚƐĨŝƐŚŝŶŐĞǀĞŶƚƐĂŶĚĨĂŵŝůŝĞƐ͘       >ĂƌŐĞŵŽƵƚŚďĂƐƐ dƌĂŶƐĨĞƌ YƵĂůŝƚLJ ZĞƐƚƌŝĐƚŝǀĞŚĂƌǀĞƐƚƌĞŐƵůĂƚŝŽŶƐƚŽĞŶƐƵƌĞƋƵĂůŝƚLJ     ŽĨĨŝƐŚĞƌLJ͘ŽŶƚŝŶƵĞƚŽƉůĂŶƚĂĚƵůƚĨŝƐŚŝĨ     ĂǀĂŝůĂďůĞ͘     EŽƌƚŚĞƌŶƉŝŬĞ͕ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞůŝďĞƌĂůŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJ͘ZĞĚƵĐĞ WƵŵƉŬŝŶƐĞĞĚ͕ ŶƵŵďĞƌƐŝĨƉŽƐƐŝďůĞ͘ zĞůůŽǁƉĞƌĐŚ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ŽŶƚŝŶƵĞĂĚƵůƚďĂƐƐƚƌĂŶƐĨĞƌĨƌŽŵ>ĞĞDĞƚĐĂůĨZĞĨƵŐĞ͘ŶƐƵƌĞĞŶĨŽƌĐĞŵĞŶƚƉƌĞƐĞŶĐĞƚŽƉƌŽŵŽƚĞĐŽŵƉůŝĂŶĐĞĂŶĚŵĂŝŶƚĞŶĂŶĐĞ ŽĨƋƵĂůŝƚLJůĂƌŐĞŵŽƵƚŚďĂƐƐĨŝƐŚĞƌLJ͘ &ŝƐŚƌĞĞŬ͕ Ϯϲϰ͘ϳŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƐĞƌǀĞĂŶĚĞŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJĂŶĚƌĞƐŝĚĞŶƚ ĞĚĂƌƌĞĞŬ͕ ϰϮ͘ϳŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƉŽƉƵůĂƚŝŽŶƐ͘ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶ >ŝƚƚůĞ:ŽĞƌĞĞŬ͕ ϯϳ͘ϲŵŝůĞƐ    ĂŶŐůŝŶŐĨŽƌďƵůůƚƌŽƵƚ͘ ƌĂŝŶĂŐĞƐ       ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉƌĞƐĞŶƚŶƵŵďĞƌƐĂŶĚƐŝnjĞƐ͘ŽŶƐŝĚĞƌ  ƌŽǁŶƚƌŽƵƚ͕ ŵĂŶĂŐĞŵĞŶƚƚŚĂƚƌĞĚƵĐĞƐŶƵŵďĞƌƐĂŶĚ  ƌŽŽŬƚƌŽƵƚ ĚŝƐƚƌŝďƵƚŝŽŶŝĨŝƚǁŽƵůĚŝŵƉƌŽǀĞŶĂƚŝǀĞƚƌŽƵƚ ŶƵŵďĞƌƐĂŶĚǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚĂŶŐůŝŶŐ ŽƉƉŽƌƚƵŶŝƚŝĞƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞŚĂďŝƚĂƚƚŽƐƵƉƉŽƌƚĞĐŽƐLJƐƚĞŵĨƵŶĐƚŝŽŶĂŶĚƉƌŽĚƵĐƚŝŽŶŽĨŶĂƚŝǀĞƚƌŽƵƚĂŶĚǁŚŝƚĞĨŝƐŚ͘ŶĨŽƌĐĞŵĞŶƚƉƌĞƐĞŶĐĞŶĞĞĚĞĚƚŽ ĞŶƐƵƌĞĐŽŵƉůŝĂŶĐĞ͘ůŝŵŝŶĂƚĞďƌŽŽŬƚƌŽƵƚĨƌŽŵŚĞĂĚǁĂƚĞƌůĂŬĞƐ͘ KƉĞŶdƌŝďƵƚĂƌLJ  ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƐĞƌǀĞĂŶĚĞŶŚĂŶĐĞŵŝŐƌĂƚŽƌLJĂŶĚƌĞƐŝĚĞŶƚ ^LJƐƚĞŵƐ;&ŝƐŚ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ   ƉŽƉƵůĂƚŝŽŶƐ͘ŽŶƚŝŶƵĞƉƌŽƚĞĐƚŝǀĞƌĞŐƵůĂƚŝŽŶƐƚŽ ĂƌƌŝĞƌƐ     ĞŶŚĂŶĐĞǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚĨŝƐŚĞƌLJ͘ 'ĞŶĞƌĂůůLJ     ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů ďƐĞŶƚͿ͗     ƚƌŽƵƚ͘ ^ƚ͘ZĞŐŝƐZŝǀĞƌ͕ ϯϴ͘ϲŵŝůĞƐ     EŝŶĞŵŝůĞƌĞĞŬ͕ Ϯϱ͘ϱŵŝůĞƐ     ZĂƚƚůĞƐŶĂŬĞƌ͘ Ϯϯ͘ϯŵŝůĞƐ     ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    

155 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ 'ƌĂŶƚƌĞĞŬ͕ ϭϴ͘ϯŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ YƵĂůŝƚLJ WƌŽƚĞĐƚĂĚƵůƚƐƉĂǁŶĞƌƐĂŶĚĨŝƐŚĞƌLJƋƵĂůŝƚLJ ƌLJƌĞĞŬ͕ ϭϱ͘ϯŵŝůĞƐ ƌŽǁŶƚƌŽƵƚ   ƚŚƌŽƵŐŚĨŝƐŚŝŶŐƌĞŐƵůĂƚŝŽŶƐ͘WƌŽƚĞĐƚŚĂďŝƚĂƚĂŶĚ dƌŽƵƚƌĞĞŬ͕ ϭϰ͘ϳŵŝůĞƐ    ĞŶƐƵƌĞĂĚĞƋƵĂƚĞĐŽŶŶĞĐƚŝǀŝƚLJǁŝƚŚƚƌŝďƵƚĂƌŝĞƐƚŽ DŝůůƌĞĞŬ͕ ϭϯ͘ϰDŝůĞƐ    ĞŶŚĂŶĐĞŶĂƚƵƌĂůƌĞĐƌƵŝƚŵĞŶƚŝŶĂƌĞĂƐƚŚĂƚĂƌĞ ůďĞƌƚƌĞĞŬ͕ ϭϭ͘ϰDŝůĞƐ    ŶŽƚŶĂƚŝǀĞƚƌŽƵƚƐƚƌŽŶŐŚŽůĚƐ͘ EĞŵŽƚĞƌĞĞŬ͕ ϵ͘ϴDŝůĞƐ     ^ŝdžŵŝůĞƌĞĞŬ͕ ϴ͘ϵDŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞůŝďĞƌĂůŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJĂŶĚƌĞĚƵĐĞ ^ŝĞŐĞůƌĞĞŬ͕ ϳ͘ϬDŝůĞƐ ŶƵŵďĞƌƐŝĨƉŽƐƐŝďůĞ͘ WĞƚƚLJƌĞĞŬ ϰ͘ϯDŝůĞƐ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞŚĂďŝƚĂƚƋƵĂůŝƚLJĂŶĚĐŽŶŶĞĐƚŝǀŝƚLJǁŚĞƌĞŶĞĞĚĞĚ͘ ůŽƐĞĚdƌŝďƵƚĂƌLJ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŶƐƵƌĞŝƐŽůĂƚŝŽŶĂŶĚƌĞƐƚƌŝĐƚŝŶƚƌŽĚƵĐƚŝŽŶŽĨ ^LJƐƚĞŵƐ;ĂƌƌŝĞƌƐ    ŚLJďƌŝĚŝnjŝŶŐƐƉĞĐŝĞƐ͘ZĞƐƚƌŝĐƚŚĂƌǀĞƐƚƚŽŵĂŝŶƚĂŝŶ WƌĞǀĞŶƚ    ŽƌĞŶŚĂŶĐĞŶƵŵďĞƌƐ͘ hƉƐƚƌĞĂŵ     DŽǀĞŵĞŶƚĨƌŽŵ  ƌŽŽŬƚƌŽƵƚ 'ĞŶĞƌĂů WƌŽǀŝĚĞůŝďĞƌĂůŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJĂŶĚƌĞĚƵĐĞ ůĂƌŬ&ŽƌŬZŝǀĞƌͿ   ŶƵŵďĞƌƐǁŚĞƌĞƉŽƐƐŝďůĞ͘ ͲŽŶƚĂŝŶ    'ĞŶĞƚŝĐĂůůLJWƵƌĞ͕   /ƐŽůĂƚĞĚ  tĞƐƚƐůŽƉĞ  ĐƵƚƚŚƌŽĂƚƚƌŽƵƚ  WŽƉƵůĂƚŝŽŶƐ͗  ZŽĐŬƌĞĞŬ ϭϴ͘ϳŵŝůĞƐ ZŽĐŬƌĞĞŬ ϵ͘ϱŵŝůĞƐ ĞĞƉƌĞĞŬ ϵ͘ϰŵŝůĞƐ dĂŵĂƌĂĐŬƌĞĞŬ ϴ͘ϳŵŝůĞƐ dŚŽŵƉƐŽŶƌĞĞŬ ϴ͘ϲŵŝůĞƐ &ůĂƚƌĞĞŬ ϴ͘ϮŵŝůĞƐ ĞĞƉƌĞĞŬ ϳ͘ϱŵŝůĞƐ ^ĞĐŽŶĚƌĞĞŬ ϳ͘ϰŵŝůĞƐ DĞĂĚŽǁƌĞĞŬ ϳ͘ϯŵŝůĞƐ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ 

156 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ŽůĚƌĞĞŬ ϳ͘ϮŵŝůĞƐ &ŝƌƐƚƌĞĞŬ ϲ͘ϳŵŝůĞƐ ^ĞǀĞŶŵŝůĞƌĞĞŬ ϲ͘ϮŵŝůĞƐ :ŽŚŶƐŽŶƌĞĞŬ ϲ͘ϭŵŝůĞƐ DĂƌƐŚĂůůƌĞĞŬ ϰ͘ϴŵŝůĞƐ WĂƚƌŝĐŬƌĞĞŬ ϰ͘ϱŵŝůĞƐ tĞƐƚDŽƵŶƚĂŝŶ  ƌĞĞŬ ϰ͘ϮŵŝůĞƐ ^ůŽǁĞLJ'ƵůĐŚ ϯ͘ϭŵŝůĞƐ YƵĂƌƚnjƌĞĞŬ ϯ͘ϭŵŝůĞƐ ƵƚůĞƌƌĞĞŬ Ϯ͘ϳŵŝůĞƐ K͛<ĞĞĨĞƌĞĞŬ ϭ͘ϳŵŝůĞƐ >ĂǀĂůůƌĞĞŬ ϭ͘ϲŵŝůĞƐ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶĨŝƐŚƉĂƐƐĂŐĞďĂƌƌŝĞƌƐŝƐŽůĂƚŝŶŐƉŽƉƵůĂƚŝŽŶƐĨƌŽŵůĂƌŬ&ŽƌŬZŝǀĞƌ͕ŝŵƉƌŽǀĞŚĂďŝƚĂƚĂŶĚĐŽŶŶĞĐƚŝǀŝƚLJǁŝƚŚŝŶĚƌĂŝŶĂŐĞƐ͕ ĂŶĚƌĞƐƚƌŝĐƚŶĞǁĨŝƐŚŝŶƚƌŽĚƵĐƚŝŽŶƐʹƉĂƌƚŝĐƵůĂƌůLJŝŶĨŝƐŚƉŽŶĚƐ͘ ,ŝŐŚůĞǀĂƚŝŽŶ ϭͲϯϬĐƌĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ϭϯůĂŬĞƐʹ^ĞůĨͲƐƵƐƚĂŝŶŝŶŐĨŝƐŚĞƌŝĞƐŽĨǀĂƌŝŽƵƐ ;DŽƵŶƚĂŝŶͿ ĞĂĐŚ͕    ƋƵĂůŝƚLJ͘ >ĂŬĞƐ͗ϭϮϭ ϴϲϭĐƌĞƐ     >ĂŬĞƐdŽƚĂůхϭ dŽƚĂů tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ϭϰůĂŬĞƐʹDĂŶĂŐĞŵĞŶƚŽďũĞĐƚŝǀĞǀĂƌŝĞƐďLJůĂŬĞ͕ ĐƌĞŝŶŝƚƚĞƌƌŽŽƚ  ,ĂƚĐŚĞƌLJ  ŝŶĐůƵĚŝŶŐƚƌŽƉŚLJ͕ƋƵĂůŝƚLJ͕ĂŶĚŚĂƌǀĞƐƚͲŽƌŝĞŶƚĞĚ DŽƵŶƚĂŝŶƐĂŶĚ    ĨŝƐŚĞƌŝĞƐ͘ ZĂƚƚůĞƐŶĂŬĞ     tŝůĚĞƌŶĞƐƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů ϭϴůĂŬĞƐʹZĞĚƵĐĞĚĞŶƐŝƚŝĞƐŽƌĞůŝŵŝŶĂƚĞƚŽ     ŝŵƉƌŽǀĞƋƵĂůŝƚLJ͘ ^ĞĞƐƉĞĐŝĨŝĐ     DŽƵŶƚĂŝŶ>ĂŬĞ zĞůůŽǁƐƚŽŶĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů ϯůĂŬĞƐʹ^ĞůĨͲƐƵƐƚĂŝŶŝŶŐĨŝƐŚĞƌŝĞƐŽĨǀĂƌŝŽƵƐ DĂŶĂŐĞŵĞŶƚ    ƋƵĂůŝƚLJ WůĂŶZĞƉŽƌƚƐĨŽƌ     ĂĐŚtĂƚĞƌŽĚLJ ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů ϴůĂŬĞƐͲ^ĞůĨͲƐƵƐƚĂŝŶŝŶŐĨŝƐŚĞƌŝĞƐŽĨǀĂƌŝŽƵƐ     ƋƵĂůŝƚLJ      ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    

157 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  &ŝƐŚůĞƐƐ>ĂŬĞƐ Eͬ ŽŶƐĞƌǀĂƚŝŽŶ ϲϱůĂŬĞƐʹDĂŝŶƚĂŝŶĞĐŽůŽŐŝĐĂůŝŶƚĞŐƌŝƚLJ͘

,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ǀĂůƵĂƚĞƐƚŽĐŬŝŶŐƉƌĞƐĐƌŝƉƚŝŽŶƐĨŽƌWƵƚͲ'ƌŽǁͲdĂŬĞĨŝƐŚĞƌŝĞƐ͘DĂŝŶƚĂŝŶĨŝƐŚůĞƐƐůĂŬĞƐ͘ZĞŵŽǀĞŽƌƐƵƉƉƌĞƐƐďƌŽŽŬƚƌŽƵƚƚŽĞŶŚĂŶĐĞ ƋƵĂůŝƚLJŽĨĨŝƐŚĞƌŝĞƐĂŶĚĐŽŵƉůĞŵĞŶƚĚŽǁŶƐƚƌĞĂŵŶĂƚŝǀĞĨŝƐŚĞƌLJŐŽĂůƐ͘ 

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164 &/^,Z/^DE'DEd/Zd/KE&KZ>KtZ>Z<&KZ<Z/sZZ/E'  tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ >ŽǁĞƌůĂƌŬ&ŽƌŬ ϵϰŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƚƌĞŶĚƐ͘hƐŝŶŐ ZŝǀĞƌͲ    ƚƌĂƉĂŶĚŚĂƵůƉƌŽŐƌĂŵ͕ƌĞĞƐƚĂďůŝƐŚĨŝƐŚ ŽŶĨůƵĞŶĐĞǁŝƚŚ    ĐŽŶŶĞĐƚŝǀŝƚLJ͘ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶ &ůĂƚŚĞĂĚZŝǀĞƌƚŽ    ĂŶŐůŝŶŐĨŽƌďƵůůƚƌŽƵƚ͘ /ĚĂŚŽŽƌĚĞƌ     ůůŽƚŚĞƌƐƉĞĐŝĞƐ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶĚƐƚĂƚƵƐ ƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DŽŶŝƚŽƌĚƌĂŝŶĂŐĞĨŽƌƉŽƚĞŶƚŝĂůŚĂďŝƚĂƚƚŚƌĞĂƚƐĂŶĚƌĞƐƚŽƌĂƚŝŽŶŽƉƉŽƌƚƵŶŝƚŝĞƐ͘ dŚŽŵƉƐŽŶ&ĂůůƐ ϵϲϵĂĐƌĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞƚŽŽƉĞƌĂƚĞĨŝƐŚǁĂLJĂƚdŚŽŵƉƐŽŶ&ĂůůƐ ZĞƐĞƌǀŽŝƌ    Ăŵ͘ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌ    ďƵůůƚƌŽƵƚ͘     ůůŽƚŚĞƌƐƉĞĐŝĞƐ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƚƌĞŶĚƐ͘ DĐ'ƌĞŐŽƌ>ĂŬĞ ϭ͕ϱϮϮĂĐƌĞƐ >ĂŬĞƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞŚĂƌǀĞƐƚƚŽƐƵƉƉŽƌƚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ     ǁŚŝůĞƌĞĚƵĐŝŶŐŶƵŵďĞƌƐƚŽŝŵƉƌŽǀĞƐŝnjĞĂŶĚ     ďĞŶĞĨŝƚŽƚŚĞƌƉƵƚĂŶĚƚĂŬĞĨŝƐŚĞƌŝĞƐ͘       ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ WƌŽǀŝĚĞŚĂƌǀĞƐƚĂŶĚƌĞĐƌĞĂƚŝŽŶĂůŽƉƉŽƌƚƵŶŝƚLJĨŽƌ     ŽĐĐĂƐŝŽŶĂůϭͲϯƉŽƵŶĚƌĂŝŶďŽǁƐ͘     ŽŶƚŝŶƵĞƚŽďŽĂƚƐƚŽĐŬLJĞĂƌͲŽůĚƚƌŽƵƚ     ƚŚƌŽƵŐŚŽƵƚƚŚĞůĂŬĞƚŽŵŝŶŝŵŝnjĞƉƌĞĚĂƚŝŽŶďLJ     ůĂŬĞƚƌŽƵƚ͘       <ŽŬĂŶĞĞƐĂůŵŽŶ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ WƌŽǀŝĚĞƋƵĂůŝƚLJŚĂƌǀĞƐƚĂŶĚƌĞĐƌĞĂƚŝŽŶĂů     ŽƉƉŽƌƚƵŶŝƚLJĨŽƌŽĐĐĂƐŝŽŶĂůƐĂůŵŽŶƵƉƚŽϭϱ͘͟     /ĚĞŶƚŝĨLJŝĨĐŽŶƚŝŶƵĞĚƐƚŽĐŬŝŶŐŝƐǁĂƌƌĂŶƚĞĚ     ďĂƐĞĚŽŶƉƌĞĚĂƚŽƌLJůĂŬĞƚƌŽƵƚƉŽƉƵůĂƚŝŽŶ͘           ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ   

165 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  ^ŵĂůůŵŽƵƚŚďĂƐƐ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ /ůůĞŐĂůŝŶƚƌŽĚƵĐƚŝŽŶ͘WƌŽǀŝĚĞůŝďĞƌĂůŚĂƌǀĞƐƚĂŶĚ   ŝĨĨĞĂƐŝďůĞĞůŝŵŝŶĂƚĞƉŽƉƵůĂƚŝŽŶƚŽƉƌŽŵŽƚĞůŽĐĂů ƌĂŝŶďŽǁĨŝƐŚĞƌLJĂŶĚƉƌŽƚĞĐƚŶĂƚŝǀĞĐƌĂLJĨŝƐŚ ƉŽƉƵůĂƚŝŽŶ͘  >ŝƚƚůĞDĐ'ƌĞŐŽƌ ϯϯĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ WƌŽǀŝĚĞƋƵĂůŝƚLJŚĂƌǀĞƐƚĂŶĚƌĞĐƌĞĂƚŝŽŶĂů >ĂŬĞ    ŽƉƉŽƌƚƵŶŝƚLJĨŽƌϭнƉŽƵŶĚƌĂŝŶďŽǁƐ͘/ĚĞŶƚŝĨLJŝĨ    ƐƚŽĐŬŝŶŐŝƐǁĂƌƌĂŶƚĞĚďĂƐĞĚŽŶĐŽŵƉĞƚŝƚŝŽŶ    ǁŝƚŚƐƚƵŶƚĞĚLJĞůůŽǁƉĞƌĐŚƉŽƉƵůĂƚŝŽŶ͘     zĞůůŽǁƉĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů WƌŽǀŝĚĞĨŽƌŚĂƌǀĞƐƚŽĨĂƚůĞĂƐƚϴ͟ůĞŶŐƚŚLJĞůůŽǁ   ƉĞƌĐŚ͘DŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƐƚƌƵĐƚƵƌĞƚŽ ĚĞƚĞƌŵŝŶĞŝĨƋƵĂůŝƚLJƉĞƌĐŚƉŽƉƵůĂƚŝŽŶĐĂŶďĞ ƐƵƐƚĂŝŶĞĚŽƌŝĨůĂŬĞƐŚŽƵůĚďĞƌĞŚĂďŝůŝƚĂƚĞĚĨŽƌ ƐĂůŵŽŶŝĚƐ͘ hƉƉĞƌdŚŽŵƉƐŽŶ ϮϵϰĂĐƌĞƐ EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽƉƌŽǀŝĚĞĨŽƌůŝďĞƌĂůŚĂƌǀĞƐƚŝŶĐůƵĚŝŶŐ >ĂŬĞ    ƐƉĞĂƌŝŶŐƚŽƉƌŽǀŝĚĞĨŽƌƌĞĐƌĞĂƚŝŽŶĂůŽƉƉŽƌƚƵŶŝƚLJ     ĂŶĚĚĞĐƌĞĂƐĞƉƌĞĚĂƚŝŽŶŽŶWƵƚĂŶĚƚĂŬĞ    ĨŝƐŚĞƌŝĞƐĂŶĚLJĞůůŽǁƉĞƌĐŚ͘     zĞůůŽǁƉĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐĂŶĚŚĂƌǀĞƐƚ    ŽƉƉŽƌƚƵŶŝƚLJ     >ĂƌŐĞŵŽƵƚŚďĂƐƐ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐĂŶĚŚĂƌǀĞƐƚ    ŽƉƉŽƌƚƵŶŝƚLJ͘dŚƌŽƵŐŚƌĞŐƵůĂƚŝŽŶ͕ĞŶŚĂŶĐĞ    ŽƉƉŽƌƚƵŶŝƚLJĨŽƌƐƉĂǁŶŝŶŐƐŝnjĞďĂƐƐ;хϭϰ͟Ϳ͘     ^ŵĂůůŵŽƵƚŚďĂƐƐ͕ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ /ůůĞŐĂůŝŶƚƌŽĚƵĐƚŝŽŶ͘WƌŽǀŝĚĞůŝďĞƌĂůŚĂƌǀĞƐƚĂŶĚ ůĂĐŬĐƌĂƉƉŝĞ ŝĨĨĞĂƐŝďůĞĞůŝŵŝŶĂƚĞƉŽƉƵůĂƚŝŽŶƚŽŚĞůƉƉƌŽƚĞĐƚ  ŬŽŬĂŶĞĞĨŝƐŚĞƌLJĂŶĚůĂƌŐĞŵŽƵƚŚďĂƐƐ  ƉŽƉƵůĂƚŝŽŶ͘

166 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ DŝĚĚůĞ ϱϱϳĂĐƌĞƐ EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽƉƌŽǀŝĚĞĨŽƌůŝďĞƌĂůŚĂƌǀĞƐƚŝŶĐůƵĚŝŶŐ dŚŽŵƉƐŽŶ>ĂŬĞ    ƐƉĞĂƌŝŶŐƚŽƉƌŽǀŝĚĞĨŽƌƌĞĐƌĞĂƚŝŽŶĂůŽƉƉŽƌƚƵŶŝƚLJ     ĂŶĚĚĞĐƌĞĂƐĞƉƌĞĚĂƚŝŽŶŽŶƉƵƚĂŶĚƚĂŬĞ     ĨŝƐŚĞƌŝĞƐĂŶĚLJĞůůŽǁƉĞƌĐŚ͘       ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ /ĚĞŶƚŝĨLJŝĨĐŽŶƚŝŶƵĞĚƐƚŽĐŬŝŶŐŝƐǁĂƌƌĂŶƚĞĚ     ďĂƐĞĚŽŶƉƌĞĚĂƚŽƌƉŽƉƵůĂƚŝŽŶƐŽĨŶŽƌƚŚĞƌŶƉŝŬĞ     ĂŶĚďĂƐƐ͘       <ŽŬĂŶĞĞƐĂůŵŽŶ ,ĂƚĐŚĞƌLJͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞͬ DĂŝŶƚĂŝŶƌĞŐƵůĂƚŝŽŶƐƚŚĂƚƉƌŽŵŽƚĞƉƌŽƚĞĐƚŝŽŶŽĨ   tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ ŶĂƚƵƌĂůůLJƌĞƉƌŽĚƵĐŝŶŐƉŽƉƵůĂƚŝŽŶǁŝƚŚ     ŽƉƉŽƌƚƵŶŝƚLJĨŽƌůĂƌŐĞƌŬŽŬĂŶĞĞ͘ŽŶƚŝŶƵĞƚŽ     ŵŽŶŝƚŽƌĐŽŶƚƌŝďƵƚŝŽŶƚŽƉŽƉƵůĂƚŝŽŶŽĨŚĂƚĐŚĞƌLJ    ǀĞƌƐƵƐǁŝůĚŬŽŬĂŶĞĞ͘/ĚĞŶƚŝĨLJŝĨƐƚŽĐŬŝŶŐŝƐ    ǁĂƌƌĂŶƚĞĚďĂƐĞĚŽŶƉƌĞĚĂƚŽƌƉŽƉƵůĂƚŝŽŶƐŽĨ    ŶŽƌƚŚĞƌŶƉŝŬĞĂŶĚďĂƐƐ͘     zĞůůŽǁƉĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐĂŶĚŚĂƌǀĞƐƚ    ŽƉƉŽƌƚƵŶŝƚLJ͘     >ĂƌŐĞŵŽƵƚŚďĂƐƐ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐĂŶĚŚĂƌǀĞƐƚ    ŽƉƉŽƌƚƵŶŝƚLJ͘dŚƌŽƵŐŚƌĞŐƵůĂƚŝŽŶ͕ĞŶŚĂŶĐĞ    ŽƉƉŽƌƚƵŶŝƚLJĨŽƌƐƉĂǁŶŝŶŐƐŝnjĞďĂƐƐ;хϭϰ͟Ϳ͘     ^ŵĂůůŵŽƵƚŚďĂƐƐ͕ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ /ůůĞŐĂůŝŶƚƌŽĚƵĐƚŝŽŶ͘WƌŽǀŝĚĞůŝďĞƌĂůŚĂƌǀĞƐƚĂŶĚ ůĂĐŬĐƌĂƉƉŝĞ  ŝĨĨĞĂƐŝďůĞĞůŝŵŝŶĂƚĞƉŽƉƵůĂƚŝŽŶƚŽŚĞůƉƉƌŽƚĞĐƚ ŬŽŬĂŶĞĞĨŝƐŚĞƌLJĂŶĚůĂƌŐĞŵŽƵƚŚďĂƐƐ ƉŽƉƵůĂƚŝŽŶ͘  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DŽŶŝƚŽƌƉĞƌĐŚĞĚĐƵůǀĞƌƚďĞƚǁĞĞŶDŝĚĚůĞdŚŽŵƉƐŽŶ>ĂŬĞĂŶĚhƉƉĞƌdŚŽŵƉƐŽŶ>ĂŬĞĨŽƌŽďƐƚƌƵĐƚŝŽŶƚŽĨŝƐŚŵŽǀĞŵĞŶƚ͘/ĚĞŶƚŝĨLJ ŝĨƌĞƉůĂĐĞŵĞŶƚŝƐŶĞĐĞƐƐĂƌLJ͘

167 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ >ŽǁĞƌdŚŽŵƉƐŽŶ ϮϰϬĂĐƌĞƐ EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ tŝůĚ ŽŶƚŝŶƵĞƚŽƉƌŽǀŝĚĞĨŽƌůŝďĞƌĂůŚĂƌǀĞƐƚŝŶĐůƵĚŝŶŐ >ĂŬĞ    ƐƉĞĂƌŝŶŐƚŽƉƌŽǀŝĚĞĨŽƌƌĞĐƌĞĂƚŝŽŶĂůŽƉƉŽƌƚƵŶŝƚLJ     ĂŶĚĚĞĐƌĞĂƐĞƉƌĞĚĂƚŝŽŶŽŶƉƵƚĂŶĚƚĂŬĞ     ĨŝƐŚĞƌŝĞƐĂŶĚLJĞůůŽǁƉĞƌĐŚ͘       ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ /ĚĞŶƚŝĨLJŝĨĐŽŶƚŝŶƵĞĚƐƚŽĐŬŝŶŐŝƐǁĂƌƌĂŶƚĞĚ     ďĂƐĞĚŽŶƉƌĞĚĂƚŽƌƉŽƉƵůĂƚŝŽŶƐŽĨŶŽƌƚŚĞƌŶƉŝŬĞ     ĂŶĚůĂƌŐĞŵŽƵƚŚďĂƐƐ͘       <ŽŬĂŶĞĞƐĂůŵŽŶ ,ĂƚĐŚĞƌLJͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞͬ DĂŝŶƚĂŝŶƌĞŐƵůĂƚŝŽŶƐƚŚĂƚƉƌŽŵŽƚĞƉƌŽƚĞĐƚŝŽŶŽĨ   tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ ŶĂƚƵƌĂůůLJƌĞƉƌŽĚƵĐŝŶŐƉŽƉƵůĂƚŝŽŶǁŝƚŚ     ŽƉƉŽƌƚƵŶŝƚLJĨŽƌůĂƌŐĞƌŬŽŬĂŶĞĞ͘DŽŶŝƚŽƌ     ĐŽŶƚƌŝďƵƚŝŽŶƚŽƉŽƉƵůĂƚŝŽŶŽĨŚĂƚĐŚĞƌLJǀĞƌƐƵƐ     ǁŝůĚŬŽŬĂŶĞĞ͘/ĚĞŶƚŝĨLJŝĨĐŽŶƚŝŶƵĞĚƐƚŽĐŬŝŶŐŝƐ     ǁĂƌƌĂŶƚĞĚďĂƐĞĚŽŶƉƌĞĚĂƚŽƌƉŽƉƵůĂƚŝŽŶƐŽĨ     ŶŽƌƚŚĞƌŶƉŝŬĞĂŶĚďĂƐƐ͘       zĞůůŽǁWĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐĂŶĚŚĂƌǀĞƐƚ     ŽƉƉŽƌƚƵŶŝƚLJ͘       >ĂƌŐĞŵŽƵƚŚďĂƐƐ tŝůĚͬ 'ĞŶĞƌĂůͬ DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůŝŶŐĂŶĚŚĂƌǀĞƐƚ  ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ŽƉƉŽƌƚƵŶŝƚLJ͘dŚƌŽƵŐŚƌĞŐƵůĂƚŝŽŶ͕ĞŶŚĂŶĐĞ    ŽƉƉŽƌƚƵŶŝƚLJĨŽƌƐƉĂǁŶŝŶŐƐŝnjĞďĂƐƐ;хϭϰ͟Ϳ͘    DŽŶŝƚŽƌĐŽŶƚƌŝďƵƚŝŽŶƚŽƉŽƉƵůĂƚŝŽŶŽĨŚĂƚĐŚĞƌLJ    ǀĞƌƐƵƐǁŝůĚďĂƐƐ͘/ĚĞŶƚŝĨLJŝĨĐŽŶƚŝŶƵĞĚƐƚŽĐŬŝŶŐ    ŝƐǁĂƌƌĂŶƚĞĚ͘     ^ŵĂůůŵŽƵƚŚďĂƐƐ͕ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ /ůůĞŐĂůŝŶƚƌŽĚƵĐƚŝŽŶ͘WƌŽǀŝĚĞůŝďĞƌĂůŚĂƌǀĞƐƚĂŶĚ ůĂĐŬĐƌĂƉƉŝĞ ŝĨĨĞĂƐŝďůĞĞůŝŵŝŶĂƚĞƉŽƉƵůĂƚŝŽŶƚŽŚĞůƉƉƌŽƚĞĐƚ ŬŽŬĂŶĞĞĨŝƐŚĞƌLJĂŶĚůĂƌŐĞŵŽƵƚŚďĂƐƐ ƉŽƉƵůĂƚŝŽŶ͘ 

168 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ dŚŽŵƉƐŽŶZŝǀĞƌ ϱϱŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ͕ tŝůĚͬ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƚƌĞŶĚƐĂŶĚ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ dƌĂŶƐĨĞƌ  ŵŝŐƌĂƚŝŽŶƉĂƚƚĞƌŶƐŽĨĨŝƐŚǁŝƚŚƌĞŵŽƚĞW/d    ĂƌƌĂLJƐ͘ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌ    ďƵůůƚƌŽƵƚ͘ŽŶƚŝŶƵĞƵƉƐƚƌĞĂŵďƵůůƚƌŽƵƚ    ƚƌĂŶƐƉŽƌƚƉƌŽŐƌĂŵĨŽƌĨŝƐŚĨƌŽŵďĞůŽǁĂďŝŶĞƚ    'ŽƌŐĞĂŵ͘ƐƐĞƐƐŚĂďŝƚĂƚĐŽŶĚŝƚŝŽŶƐĂŶĚůŽŽŬ    ĨŽƌŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌŝŵƉƌŽǀĞŵĞŶƚ͘ŽŶƚŝŶƵĞƚŽ    ƉƌŽŚŝďŝƚďĂŝƚĨŝƐŚŝŶŐ;ĂŶŐůĞƌƐŽǀĞƌϭϰͿƚŽƌĞĚƵĐĞ    ŚŽŽŬŝŶŐŵŽƌƚĂůŝƚLJ͘     ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ ŽŶƚŝŶƵĞƚŽŵĂŶĂŐĞŚĂƌǀĞƐƚƚŽƉƌŽǀŝĚĞĂŶŐůŝŶŐ    ŽƉƉŽƌƚƵŶŝƚLJĨŽƌůĂƌŐĞƌƚƌŽƵƚǁŝƚŚƌĞƐƚƌŝĐƚŝǀĞ    ƌĞŐƵůĂƚŝŽŶƐĂŶĚŵŝŶŝŵŝnjĞŝŵƉĂĐƚƐŽŶŶĂƚŝǀĞĨŝƐŚ͘    ǀĂůƵĂƚĞĞĨĨĞĐƚŝǀĞŶĞƐƐŽĨƌĞƐƚƌŝĐƚŝǀĞƌĞŐƵůĂƚŝŽŶƐ͘     ƌŽǁŶƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽĂůůŽǁůŝďĞƌĂůŚĂƌǀĞƐƚĂŶĚƐĞĞŬ    ŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌĞdžƚĞŶĚĞĚĨŝƐŚŝŶŐƐĞĂƐŽŶŽŶ    ƵƉƉĞƌƌŝǀĞƌ͘     DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ͕ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞǁŝƚŚŐĞŶĞƌĂůǁĞƐƚĞƌŶĚŝƐƚƌŝĐƚŚĂƌǀĞƐƚ ƌŽŽŬƚƌŽƵƚ ƌĞŐƵůĂƚŝŽŶƐŽĨŵŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚĂŶĚďƌŽŽŬ ƚƌŽƵƚ͘  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ĞĐƌĞĂƐĞƐĞĚŝŵĞŶƚĂƚŝŽŶĂŶĚƐƚƌĞĂŵďĂŶŬŝŶƐƚĂďŝůŝƚLJƚŚƌŽƵŐŚŝŶƐƚƌĞĂŵĂŶĚƌŝƉĂƌŝĂŶŚĂďŝƚĂƚƌĞƐƚŽƌĂƚŝŽŶ͘/ŶǀĞƐƚŝŐĂƚĞĐĂƵƐĞƐŽĨ ĞůĞǀĂƚĞĚǁĂƚĞƌƚĞŵƉĞƌĂƚƵƌĞƐĂŶĚƌĞƐƚŽƌĞŝĨƉŽƐƐŝďůĞ͘ >ŝƚƚůĞdŚŽŵƉƐŽŶ ϮϬ͘ϯŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶĚƐƚĂƚƵƐ ZŝǀĞƌ    ƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞ͘/ĚĞŶƚŝĨLJŚĂďŝƚĂƚ     ƌĞƐƚŽƌĂƚŝŽŶƉƌŽũĞĐƚƐǁŚŝĐŚŵĂLJŝŵƉƌŽǀĞǁĂƚĞƌ     ƋƵĂůŝƚLJĂŶĚƚĞŵƉĞƌĂƚƵƌĞƚŽďĞŶĞĨŝƚǁŝůĚ     ĐƵƚƚŚƌŽĂƚƚƌŽƵƚƉŽƉƵůĂƚŝŽŶƐ͘      ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ   

169 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶůŝďĞƌĂůƌĞŐƵůĂƚŝŽŶƐ͘ĞƚĞƌŵŝŶĞĂƌĞĂƐ ǁŚĞƌĞďƌŽŽŬƚƌŽƵƚŵĂLJďĞĞdžĐůƵĚĞĚŽƌ ƌĞŵŽǀĞĚ͘

,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ĚĞŶƚŝĨLJůĞĂĚŝŶŐĐĂƵƐĞƐŽĨŚĂďŝƚĂƚĚĞŐƌĂĚĂƚŝŽŶĂŶĚĚĞƚĞƌŵŝŶĞŝĨƌĞƐƚŽƌĂƚŝŽŶǁŽƵůĚďĞŶĞĨŝƚďƵůůƚƌŽƵƚ͘ &ŝƐŚƚƌĂƉƌĞĞŬ Ϯϳ͘ϱŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚͬ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƚƌĞŶĚƐ͘  dƌĂŶƐĨĞƌ  ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů    ƚƌŽƵƚ͘ŽŶƚŝŶƵĞƚŽƉƌŽŚŝďŝƚďĂŝƚĨŝƐŚŝŶŐƚŽƌĞĚƵĐĞ    ŚŽŽŬŝŶŐŵŽƌƚĂůŝƚLJ͘ƐƐĞƐƐŚĂďŝƚĂƚĐŽŶĚŝƚŝŽŶƐĂŶĚ    ůŽŽŬĨŽƌŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌŝŵƉƌŽǀĞŵĞŶƚ͘     tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶĚƐƚĂƚƵƐ    ƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞ͘ŽŶƚŝŶƵĞƚŽůŝŵŝƚ    ŚĂƌǀĞƐƚ͘     ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶŽĨƚŚĞƐĞƐƉĞĐŝĞƐĂŶĚ ƌŽǁŶƚƌŽƵƚ͕ ĚĞƚĞƌŵŝŶĞǁĂLJƐƚŽƉƌĞǀĞŶƚĂĚǀĂŶĐĞŵĞŶƚŝŶƚŽ ƌŽŽŬƚƌŽƵƚ ŝŵƉŽƌƚĂŶƚďƵůůĂŶĚĐƵƚƚŚƌŽĂƚƚƌŽƵƚƐƉĂǁŶŝŶŐ ĂŶĚƌĞĂƌŝŶŐĂƌĞĂƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ƐƐĞƐƐŚĂďŝƚĂƚĂŶĚŚLJĚƌŽůŽŐŝĐĐŽŶĚŝƚŝŽŶƐ͘ZĞƐƚŽƌĞŚĂďŝƚĂƚǁŚĞƌĞŶĞĐĞƐƐĂƌLJ͘ WƌŽƐƉĞĐƚƌĞĞŬ ϳϳ͘ϲŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚͬ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƚƌĞŶĚƐ͘   dƌĂŶƐĨĞƌ  ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů     ƚƌŽƵƚ͘ƐƐĞƐƐŚĂďŝƚĂƚĐŽŶĚŝƚŝŽŶƐĂŶĚůŽŽŬĨŽƌ     ŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌŝŵƉƌŽǀĞŵĞŶƚ͘       tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶĚƐƚĂƚƵƐ     ƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞ͘                ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ   

170 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶĚƐƚĂƚƵƐ ƌŽŽŬƚƌŽƵƚ͕ ƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞĂŶĚĚĞƚĞƌŵŝŶĞǁĂLJƐƚŽ ƌŽǁŶƚƌŽƵƚ ƉƌĞǀĞŶƚĂĚǀĂŶĐĞŵĞŶƚŝŶƚŽďƵůůĂŶĚĐƵƚƚŚƌŽĂƚ ƚƌŽƵƚƐƉĂǁŶŝŶŐĂŶĚƌĞĂƌŝŶŐĂƌĞĂƐ͘ŽŶƚŝŶƵĞƚŽ ŵŽŶŝƚŽƌĞĨĨĞĐƚŝǀĞŶĞƐƐŽĨƚŚĞůŽƐƐŽŵ>ĂŬĞƐ ďƌŽŽŬƚƌŽƵƚƌĞŵŽǀĂůŝŶƚŚĞƵƉƉĞƌĚƌĂŝŶĂŐĞ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ĞǀĞůŽƉĂǁŽƌŬŝŶŐŐƌŽƵƉƚŽŝĚĞŶƚŝĨLJƉŽƚĞŶƚŝĂůŚĂďŝƚĂƚƌĞƐƚŽƌĂƚŝŽŶĂŶĚŵŝƚŝŐĂƚŝŽŶƉƌŽũĞĐƚƐ͘ZĞƐƚŽƌĞŚĂďŝƚĂƚĚĞŐƌĂĚĞĚďLJůĂŶĚƵƐĞ͕ ƌŽĂĚƐ͕ƉŝƉĞůŝŶĞƐĂŶĚƉŽǁĞƌůŝŶĞƐ͘ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƉƌĞǀŝŽƵƐůLJĐŽŶĚƵĐƚĞĚŚĂďŝƚĂƚƌĞƐƚŽƌĂƚŝŽŶƐ͘ 'ƌĂǀĞƐƌĞĞŬ ϭϵ͘ϮDŝůĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚͬ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶĚƐƚĂƚƵƐ   dƌĂŶƐƉŽƌƚ  ƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞ͘       tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ             ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶĚƐƚĂƚƵƐ ƌŽǁŶƚƌŽƵƚ͕ ƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞĂŶĚĚĞƚĞƌŵŝŶĞǁĂLJƐƚŽ ƌŽŽŬƚƌŽƵƚ ƉƌĞǀĞŶƚĂĚǀĂŶĐĞŵĞŶƚŝŶƚŽŝŵƉŽƌƚĂŶƚďƵůůĂŶĚ ĐƵƚƚŚƌŽĂƚƚƌŽƵƚƐƉĂǁŶŝŶŐĂŶĚƌĞĂƌŝŶŐĂƌĞĂƐ͘  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DŽŶŝƚŽƌĚƌĂŝŶĂŐĞĨŽƌƉŽƚĞŶƚŝĂůŚĂďŝƚĂƚƚŚƌĞĂƚƐĂŶĚƌĞƐƚŽƌĂƚŝŽŶŽƉƉŽƌƚƵŶŝƚŝĞƐ͘ sĞƌŵŝůŝŽŶZŝǀĞƌ ϰϯ͘ϮDŝůĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚͬ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƚƌĞŶĚƐ͘    dƌĂŶƐƉŽƌƚ  ŽŶƚŝŶƵĞĚŽǁŶƐƚƌĞĂŵĂŶĚƵƉƐƚƌĞĂŵďƵůůƚƌŽƵƚ     ƚƌĂŶƐƉŽƌƚƉƌŽŐƌĂŵ͘ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞ     ŽŶĂŶŐůŝŶŐĨŽƌďƵůůƚƌŽƵƚ͘ƐƐĞƐƐŚĂďŝƚĂƚ     ĐŽŶĚŝƚŝŽŶƐĂŶĚůŽŽŬĨŽƌŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌ     ŝŵƉƌŽǀĞŵĞŶƚ͘          ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶĚƐƚĂƚƵƐ   tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞ͘            ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ   

171 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶĚƐƚĂƚƵƐ  ƌŽǁŶƚƌŽƵƚ͕ ƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞĂŶĚĚĞƚĞƌŵŝŶĞǁĂLJƐƚŽ  ƌŽŽŬƚƌŽƵƚ ƉƌĞǀĞŶƚĂĚǀĂŶĐĞŵĞŶƚŝŶƚŽďƵůůĂŶĚĐƵƚƚŚƌŽĂƚ  ƚƌŽƵƚƐƉĂǁŶŝŶŐĂŶĚƌĞĂƌŝŶŐĂƌĞĂƐ͘    ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ŽŶƚŝŶƵĞƚŽƌĞĚƵĐĞƐĞĚŝŵĞŶƚƐŽƵƌĐĞƐďLJƐƚĂďŝůŝnjŝŶŐƐƚƌĞĂŵďĂŶŬƐĂŶĚƌĞƉĂŝƌŝŶŐƌŝƉĂƌŝĂŶŚĂďŝƚĂƚ͘ EŽdžŽŶZĂƉŝĚƐ ϳ͕ϵϰϬĐƌĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ EĂƚŝǀĞ ĚŵŝŶŝƐƚĞƌDŽŶƚĂŶĂƉŽƌƚŝŽŶŽĨǀŝƐƚĂĨŝƐŚĞƌŝĞƐ ZĞƐĞƌǀŽŝƌ    ŵŝƚŝŐĂƚŝŽŶƉƌŽŐƌĂŵ͘ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞ     ŽŶĂŶŐůŝŶŐĨŽƌďƵůůƚƌŽƵƚ͘       tĂůůĞLJĞ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶͬ>ŝďĞƌĂů ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƚŚŝƐƐƉĞĐŝĞƐƚŚƌŽƵŐŚƐƉƌŝŶŐ    ZĞŐƵůĂƚŝŽŶƐ ĂŶĚĨĂůůƐĂŵƉůŝŶŐ͘DĂŝŶƚĂŝŶ͞ŶŽͲůŝŵŝƚ͟ƌĞŐƵůĂƚŝŽŶ     ĨŽƌĂŶŐůĞƌŚĂƌǀĞƐƚ͘       >ĂƌŐĞŵŽƵƚŚďĂƐƐ͕ tŝůĚ 'ĞŶĞƌĂůͬ DĂŝŶƚĂŝŶůĂƚĞƌƐƉĂǁŶŝŶŐͲƚŝŵĞƌĞƐƚƌŝĐƚŝŽŶƚŽ  ^ŵĂůůŵŽƵƚŚďĂƐƐ  ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ ƉƌŽƚĞĐƚƐƉĂǁŶŝŶŐďĂƐƐ͘ŽŶƚŝŶƵĞƚŽ     ŵŽŶŝƚŽƌͬƉĞƌŵŝƚϮͲϯďĂƐƐƚŽƵƌŶĂŵĞŶƚƐƉĞƌLJĞĂƌ͘       ůůŽƚŚĞƌƐƉĞĐŝĞƐ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƚƌĞŶĚƐ͘   dƌŽƵƚƌĞĞŬ ϯϬ͘ϮDŝůĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƚƌĞŶĚƐ͘     ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐĨŽƌďƵůů     ƚƌŽƵƚ͘ƐƐĞƐƐŚĂďŝƚĂƚĐŽŶĚŝƚŝŽŶƐĂŶĚůŽŽŬĨŽƌ     ŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌŝŵƉƌŽǀĞŵĞŶƚ͘       tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶĚƐƚĂƚƵƐ     ƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞ͘           ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ   

172 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶĚƐƚĂƚƵƐ ƌŽǁŶƚƌŽƵƚ͕ ƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞĂŶĚĚĞƚĞƌŵŝŶĞǁĂLJƐƚŽ ƌŽŽŬƚƌŽƵƚ ƉƌĞǀĞŶƚĂĚǀĂŶĐĞŵĞŶƚŝŶƚŽďƵůůĂŶĚĐƵƚƚŚƌŽĂƚ ƚƌŽƵƚƐƉĂǁŶŝŶŐĂŶĚƌĞĂƌŝŶŐĂƌĞĂƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DŽŶŝƚŽƌĚƌĂŝŶĂŐĞĨŽƌƉŽƚĞŶƚŝĂůŚĂďŝƚĂƚƚŚƌĞĂƚƐĂŶĚƌĞƐƚŽƌĂƚŝŽŶŽƉƉŽƌƚƵŶŝƚŝĞƐ͘ ^ǁĂŵƉƌĞĞŬ ϭϲ͘ϲDŝůĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚͬ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƚƌĞŶĚƐ͘   dƌĂŶƐĨĞƌ  ŽŶƚŝŶƵĞƵƉƐƚƌĞĂŵďƵůůƚƌŽƵƚƚƌĂŶƐƉŽƌƚ     ƉƌŽŐƌĂŵ͘ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐ     ĨŽƌďƵůůƚƌŽƵƚ͘       tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶĚƐƚĂƚƵƐ     ƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞ͘       ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶĚƐƚĂƚƵƐ  ƌŽǁŶƚƌŽƵƚ͕ ƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞĂŶĚĚĞƚĞƌŵŝŶĞǁĂLJƐƚŽ  ƌŽŽŬƚƌŽƵƚ ƉƌĞǀĞŶƚĂĚǀĂŶĐĞŵĞŶƚŝŶƚŽďƵůůĂŶĚĐƵƚƚŚƌŽĂƚ  ƚƌŽƵƚƐƉĂǁŶŝŶŐĂŶĚƌĞĂƌŝŶŐĂƌĞĂƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DŽŶŝƚŽƌĚƌĂŝŶĂŐĞĨŽƌƉŽƚĞŶƚŝĂůŚĂďŝƚĂƚƚŚƌĞĂƚƐ͘ZĞƐƚŽƌĞĚĞŐƌĂĚĞĚŚĂďŝƚĂƚŝĚĞŶƚŝĨŝĞĚŝŶƚŚĞh^&^ǁĂƚĞƌƐŚĞĚĂƐƐĞƐƐŵĞŶƚ͘ ZŽĐŬƌĞĞŬ ϭϳDŝůĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚͬ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƚƌĞŶĚƐ͘   dƌĂŶƐĨĞƌ  ŽŶƚŝŶƵĞƵƉƐƚƌĞĂŵďƵůůƚƌŽƵƚƚƌĂŶƐƉŽƌƚ     ƉƌŽŐƌĂŵ͘ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞŽŶĂŶŐůŝŶŐ     ĨŽƌďƵůůƚƌŽƵƚ͘       tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶĚƐƚĂƚƵƐ     ƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞ͘tŽƌŬǁŝƚŚƉĂƌƚŶĞƌƐƚŽ     ŵŝŶŝŵŝnjĞĞĨĨĞĐƚƐŽĨƌĞĚƵĐĞĚďĂƐĞĨůŽǁƐĂŶĚ     ŚĂďŝƚĂƚŝŵƉĂĐƚƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚƉƌŽƉŽƐĞĚŵŝŶĞƐ     ŝŶƚŚĞŚĞĂĚǁĂƚĞƌƐ͘                ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ   

173 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶĚƐƚĂƚƵƐ  ƌŽǁŶƚƌŽƵƚ͕ ƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞĂŶĚĚĞƚĞƌŵŝŶĞǁĂLJƐƚŽ  ƌŽŽŬƚƌŽƵƚ ƉƌĞǀĞŶƚĂĚǀĂŶĐĞŵĞŶƚŝŶƚŽďƵůůĂŶĚĐƵƚƚŚƌŽĂƚ  ƚƌŽƵƚƐƉĂǁŶŝŶŐĂŶĚƌĞĂƌŝŶŐĂƌĞĂƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DŽŶŝƚŽƌĚƌĂŝŶĂŐĞĨŽƌƉŽƚĞŶƚŝĂůŚĂďŝƚĂƚƚŚƌĞĂƚƐĂŶĚƌĞƐƚŽƌĂƚŝŽŶŽƉƉŽƌƚƵŶŝƚŝĞƐǁŝƚŚƉŽƚĞŶƚŝĂůŵŝŶĞĚĞǀĞůŽƉŵĞŶƚ͘ ĂďŝŶĞƚ'ŽƌŐĞ ϯ͕ϮϬϬĐƌĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ƐƐĞƐƐŚĂďŝƚĂƚƵƐĞ͕ƐƵƌǀŝǀŽƌƐŚŝƉĂŶĚůŝŵŝƚŝŶŐ ZĞƐĞƌǀŽŝƌ    ĨĂĐƚŽƌƐŽĨƌĞƐĞƌǀŽŝƌƌĞĂƌĞĚĨŝƐŚ͘ƐƚĂďůŝƐŚĂĚƵůƚ     ďƵůůƚƌŽƵƚƉĂƐƐĂŐĞƉĂƐƚĂďŝŶĞƚ'ŽƌŐĞĂŵ     ƚŚƌŽƵŐŚĂƚƌĂƉĂŶĚƚƌĂŶƐƉŽƌƚƉƌŽŐƌĂŵ͘     ĚŵŝŶŝƐƚĞƌDŽŶƚĂŶĂƉŽƌƚŝŽŶŽĨǀŝƐƚĂĨŝƐŚĞƌŝĞƐ     ŵŝƚŝŐĂƚŝŽŶƉƌŽŐƌĂŵ͘ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞ     ŽŶĂŶŐůŝŶŐĨŽƌďƵůůƚƌŽƵƚ͘       tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ tŽƌŬǁŝƚŚ/ĚĂŚŽ&ŝƐŚĂŶĚ'ĂŵĞĞƉĂƌƚŵĞŶƚ     ĂŶĚǀŝƐƚĂƚŽĐŽŶƚŝŶƵĞƉĂƐƐĂŐĞŽĨǁĞƐƚƐůŽƉĞ    ĐƵƚƚŚƌŽĂƚĨƌŽŵ>ĂŬĞWĞŶĚKƌĞŝůůĞŝŶƚŽĂďŝŶĞƚ    'ŽƌŐĞZĞƐĞƌǀŽŝƌ͘     >ĂƌŐĞŵŽƵƚŚďĂƐƐ͕ tŝůĚ 'ĞŶĞƌĂůͬ DĂŝŶƚĂŝŶůĂƚĞƌƐƉĂǁŶŝŶŐͲƚŝŵĞƌĞƐƚƌŝĐƚŝŽŶƚŽ   ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ ƉƌŽƚĞĐƚƐƉĂǁŶŝŶŐďĂƐƐ͘     ůůŽƚŚĞƌƐƉĞĐŝĞƐ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƚƌĞŶĚƐ͘ ƵůůZŝǀĞƌ ϳϭ͘ϲŵŝůĞƐ ƵůůƚƌŽƵƚ;EͿ tŝůĚͬ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƚƌĞŶĚƐ͘   dƌĂŶƐĨĞƌ  ŽŶƚŝŶƵĞĚŽǁŶƐƚƌĞĂŵĂŶĚƵƉƐƚƌĞĂŵďƵůůƚƌŽƵƚ     ƚƌĂŶƐƉŽƌƚƉƌŽŐƌĂŵ͘ŽŶƚŝŶƵĞLJĞĂƌůŽŶŐĐůŽƐƵƌĞ     ŽŶĂŶŐůŝŶŐĨŽƌďƵůůƚƌŽƵƚ͘       tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ tŝůĚͬ 'ĞŶĞƌĂů ƐƐĞƐƐƚŚĞƌĞĐƌĞĂƚŝŽŶĂůĐŽŶƚƌŝďƵƚŝŽŶŽĨ   dƌĂŶƐĨĞƌ  ĐƵƚƚŚƌŽĂƚƚƌŽƵƚƉĂƐƐĂŐĞŽǀĞƌĂďŝŶĞƚ'ŽƌŐĞ     ĂŵŽŶƚŚĞƵůůZŝǀĞƌĨŝƐŚĞƌLJ͘ŽŶƚŝŶƵĞƚŽ     ŝŵƉƌŽǀĞĂŶŐůŝŶŐĂĐĐĞƐƐƚŽƚŚĞƵůůZŝǀĞƌ͘ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    

174 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  ůůŽƚŚĞƌƐƉĞĐŝĞƐ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶĚƐƚĂƚƵƐ ƚŚƌŽƵŐŚŽƵƚƚŚĞĚƌĂŝŶĂŐĞ͘ŽŶƚŝŶƵĞƚŽĞdžĐůƵĚĞ ŝŶƚƌŽĚƵĐĞĚƐĂůŵŽŶŝĚƐ;ƌĂŝŶďŽǁ͕ďƌŽǁŶ͕ďƌŽŽŬ ƚƌŽƵƚͿĨƌŽŵƚŚĞĂƐƚ&ŽƌŬƵůůZŝǀĞƌ͘

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 229 DE'DEd/Zd/KE&KZhWWZD/^^KhZ/Z/sZZ/E'  tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ DŝƐƐŽƵƌŝZŝǀĞƌͲ ϮϮŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉƌĞƐĞŶƚŶƵŵďĞƌƐĂŶĚƐŝnjĞƐ͘ŽŶƐŝĚĞƌ ŽŶĨůƵĞŶĐĞŽĨ ƌŽǁŶƚƌŽƵƚ͕   ŝŶĐƌĞĂƐŝŶŐĂŶŐůĞƌŚĂƌǀĞƐƚƚŽƌĞĚƵĐĞŶƵŵďĞƌƐ ƚŚĞDĂĚŝƐŽŶĂŶĚ DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ   ŝĨŶĞĐĞƐƐĂƌLJƚŽŵĂŝŶƚĂŝŶĨŝƐŚŐƌŽǁƚŚ͘ :ĞĨĨĞƌƐŽŶZŝǀĞƌƐ     ƚŽdŽƐƚŽŶĂŵ EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ ŽŶƚŝŶƵĞƚŽĂůůŽǁƵŶůŝŵŝƚĞĚŚĂƌǀĞƐƚƚŽ ŵŝŶŝŵŝnjĞŝŵƉĂĐƚƐŽŶŽƚŚĞƌƐƉŽƌƚĨŝƐŚĞƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ŽŶƚŝŶƵĞƚŽŝŵƉƌŽǀĞŝŶƐƚƌĞĂŵĨůŽǁ͕ďLJůŽŽŬŝŶŐĨŽƌŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽůĞĂƐĞǁĂƚĞƌŽƌŝŵƉƌŽǀĞĞĨĨŝĐŝĞŶĐLJŝŶŝƌƌŝŐĂƚŝŽŶĂůŝŶĨƌĂƐƚƌƵĐƚƵƌĞ ĂŶĚŵĞƚŚŽĚƐ͘ ^ŝdžƚĞĞŶŵŝůĞ ϲϵŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚůĂƌŐĞƌ ƌĞĞŬ ƌŽǁŶƚƌŽƵƚ   ƐŝnjĞĚĨŝƐŚĂǀĂŝůĂďůĞƚŽƚŚĞĂŶŐůĞƌ͘     ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗džƉůŽƌĞƉŽƚĞŶƚŝĂůŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽƌĞƐƚŽƌĞŚĂďŝƚĂƚŽŶƐŽŵĞƌĞĂĐŚĞƐ͘ DŝƐƐŽƵƌŝZŝǀĞƌʹ ϮϭŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ 'ĞŶĞƌĂů ǀĂůƵĂƚĞƉŽƐƐŝďůĞŵĞƚŚŽĚƐƚŽƌĞƐƚŽƌĞ dŽƐƚŽŶĂŵƚŽ    ŵŝŐƌĂƚŽƌLJĨŝƐŚĞƌLJŝŶƚŚĞƌŝǀĞƌ͘ ĂŶLJŽŶ&ĞƌƌLJ     ZĞƐĞƌǀŽŝƌͲ^ĞĞ ƌŽǁŶƚƌŽƵƚ tŝůĚ YƵĂůŝƚLJ DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚůŝƚƚůĞ hƉƉĞƌDŝƐƐŽƵƌŝ    ŚĂƌǀĞƐƚ͘ ZŝǀĞƌZĞƐĞƌǀŽŝƌ     &ŝƐŚĞƌŝĞƐ DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŶƵŵďĞƌƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐƌĂŶŐĞ͘ DĂŶĂŐĞŵĞŶƚ ^ƚŽŶĞĐĂƚ;EͿ    WůĂŶ      EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ DĂdžŝŵŝnjĞŚĂƌǀĞƐƚƚŽŵŝŶŝŵŝnjĞŝŵƉĂĐƚƐŽŶ     ŽƚŚĞƌǁŝůĚΘƌĞƐĞƌǀŽŝƌƐƉŽƌƚĨŝƐŚĞƐ͘        tĂůůĞLJĞ tŝůĚ >ŝďĞƌĂůZĞŐƵůĂƚŝŽŶƐ DĂŶĂŐĞǁĂůůĞLJĞƉŽƉƵůĂƚŝŽŶĐŽŶƐŝƐƚĞŶƚǁŝƚŚ ĂŶLJŽŶ&ĞƌƌLJ>ĂŬĞ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶ/ŶƐƚƌĞĂŵ&ůŽǁƐĂƚϮ͕ϱϬϬĐĨƐƚŽŵĂŝŶƚĂŝŶƐŝĚĞĐŚĂŶŶĞůŚĂďŝƚĂƚ͘>ŽŽŬĨŽƌŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽůĞĂƐĞǁĂƚĞƌŽƌŝŵƉƌŽǀĞ ĞĨĨŝĐŝĞŶĐLJŝŶŝƌƌŝŐĂƚŝŽŶĂůŝŶĨƌĂƐƚƌƵĐƚƵƌĞĂŶĚŵĞƚŚŽĚƐ͘



230 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ƌŽǁƌĞĞŬ Ϯϱ͘ϵŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ  ƌŽǁŶƚƌŽƵƚ͕   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘  ƌŽŽŬƚƌŽƵƚ        DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞƚŽŵĂŝŶƚĂŝŶĂƉŽƉƵůĂƚŝŽŶ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭϭĐĨƐ͘džƉůŽƌĞŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽŝŵƉƌŽǀĞĐŚƌŽŶŝĐĚĞǁĂƚĞƌŝŶŐ͘ ƌLJƌĞĞŬ ϭϲ͘ϲŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ZďdžtdŚLJďƌŝĚƐ͕ ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ƌŽŽŬƚƌŽƵƚ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭ͘ϴĐĨƐ͘džƉůŽƌĞŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽŝŵƉƌŽǀĞĐŚƌŽŶŝĐĚĞǁĂƚĞƌŝŶŐ͘ ĞĞƉƌĞĞŬ ϯϬ͘ϯŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂŶĚ ƌŽǁŶƚƌŽƵƚ   ƐƉĂǁŶŝŶŐƐƚƌĞĂŵĨŽƌĨůƵǀŝĂůͬĂĚĨůƵǀŝĂů    ƉŽƉƵůĂƚŝŽŶƐ͘     ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϵĐĨƐ͘džƉůŽƌĞŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽŝŵƉƌŽǀĞĐŚƌŽŶŝĐĚĞǁĂƚĞƌŝŶŐĂŶĚŚĂďŝƚĂƚƌĞƐƚŽƌĂƚŝŽŶ͘ ĂŶLJŽŶ&ĞƌƌLJ ϯϱ͕ϮϬϬĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŶĂŐĞĂƐĂŚŝŐŚͲƋƵĂůŝƚLJ͕ĐŽƐƚͲĞĨĨĞĐƚŝǀĞ͕ >ĂŬĞ    ŵƵůƚŝͲƐƉĞĐŝĞƐĨŝƐŚĞƌLJǁŝƚŚŚŝŐŚůĞǀĞůƐŽĨĂŶŐůĞƌ ƌŽǁŶƚƌŽƵƚ tŝůĚ YƵĂůŝƚLJ ƐĂƚŝƐĨĂĐƚŝŽŶ͘^ĞĞhƉƉĞƌDŝƐƐŽƵƌŝZŝǀĞƌ    ZĞƐĞƌǀŽŝƌ&ŝƐŚĞƌŝĞƐDĂŶĂŐĞŵĞŶƚWůĂŶĨŽƌ tĂůůĞLJĞ tŝůĚ >ŝďĞƌĂůZĞŐƵůĂƚŝŽŶƐ ƐƉĞĐŝĞƐŐŽĂůƐ͕ƐƚƌĂƚĞŐŝĞƐ͕ĂŶĚƚĂƌŐĞƚƐ͘     zĞůůŽǁWĞƌĐŚ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ     ƵƌďŽƚ;EͿ tŝůĚ 'ĞŶĞƌĂů    EŽƌƚŚĞƌŶWŝŬĞ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ŽŶƚŝŶƵĞƚŽĞdžƉůŽƌĞŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌĞŶŚĂŶĐĞŵĞŶƚŽĨĨŽƌĂŐĞĨŝƐŚƐƉĂǁŶŝŶŐŚĂďŝƚĂƚ͘  



231 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ŽŶĨĞĚĞƌĂƚĞ ϭϳ͘ϭŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂŶĚ 'ƵůĐŚ͕  ƌŽǁŶƚƌŽƵƚ   ƐƉĂǁŶŝŶŐƐƚƌĞĂŵĨŽƌĨůƵǀŝĂůͬĂĚĨůƵǀŝĂů ĞĂǀĞƌƌĞĞŬ ϭϱ͘ϱŵŝůĞƐ    ƉŽƉƵůĂƚŝŽŶƐ͘ ƵĐŬƌĞĞŬ ϭϱ͘ϬŵŝůĞƐ       ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ    ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ DĂŐƉŝĞƌĞĞŬ ϭϯ͘ϲŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂŶĚ    ƐƉĂǁŶŝŶŐƐƚƌĞĂŵĨŽƌĨůƵǀŝĂůͬĂĚĨůƵǀŝĂů    ƉŽƉƵůĂƚŝŽŶƐ͘     ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ,ĂƵƐĞƌ>ĂŬĞͬ ϯ͕ϴϬϬĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŶĂŐĞĂƐĂŚŝŐŚͲƋƵĂůŝƚLJ͕ĐŽƐƚͲĞĨĨĞĐƚŝǀĞ͕ >ĂŬĞ,ĞůĞŶĂ    ŵƵůƚŝͲƐƉĞĐŝĞƐĨŝƐŚĞƌLJǁŝƚŚŚŝŐŚůĞǀĞůƐŽĨĂŶŐůĞƌ ƌŽǁŶƚƌŽƵƚ tŝůĚ YƵĂůŝƚLJ ƐĂƚŝƐĨĂĐƚŝŽŶ͘^ĞĞhƉƉĞƌDŝƐƐŽƵƌŝZŝǀĞƌ    ZĞƐĞƌǀŽŝƌ&ŝƐŚĞƌŝĞƐDĂŶĂŐĞŵĞŶƚWůĂŶĨŽƌ tĂůůĞLJĞ tŝůĚ >ŝďĞƌĂůZĞŐƵůĂƚŝŽŶƐ ƐƉĞĐŝĞƐŐŽĂůƐ͕ƐƚƌĂƚĞŐŝĞƐ͕ĂŶĚƚĂƌŐĞƚƐ͘     zĞůůŽǁƉĞƌĐŚ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ    ƵƌďŽƚ;EͿ tŝůĚ 'ĞŶĞƌĂů    EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ ,ĞůĞŶĂsĂůůĞLJ ϱϱϯĂĐƌĞƐ <ŽŬĂŶĞĞƐĂůŵŽŶ tŝůĚ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞͬ DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ ZĞŐƵůĂƚŝŶŐ   >ŝďĞƌĂůZĞŐƵůĂƚŝŽŶƐ ŚĂƌǀĞƐƚďLJĐŽŶƚŝŶƵĞĚƐƚŽĐŬŝŶŐ͘ ZĞƐĞƌǀŽŝƌ      zĞůůŽǁƉĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ     ŚĂƌǀĞƐƚ͘       ƵƌďŽƚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶŶƵŵďĞƌƐǁŝƚŚƐŽŵĞ  ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘



232 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ^ƉŽŬĂŶĞƌĞĞŬ Ϯ͘ϴŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂŶĚ ƌŽǁŶƚƌŽƵƚ   ƐƉĂǁŶŝŶŐƐƚƌĞĂŵĨŽƌĨůƵǀŝĂůͬĂĚĨůƵǀŝĂů ƉŽƉƵůĂƚŝŽŶƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϰĐĨƐĨƌŽŵDĂLJϭͲEŽǀϯϬĂŶĚϯĐĨƐĨƌŽŵĞĐϭͲƉƌŝůϯϬ͘džƉůŽƌĞŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌŚĂďŝƚĂƚ ƌĞƐƚŽƌĂƚŝŽŶŽŶƉƵďůŝĐůĂŶĚ͘ dƌŽƵƚƌĞĞŬ ϵ͘ϬŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂŶĚ  ƌŽǁŶƚƌŽƵƚ   ƐƉĂǁŶŝŶŐƐƚƌĞĂŵĨŽƌĂĚĨůƵǀŝĂůƉŽƉƵůĂƚŝŽŶƐ͘      DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶŶƵŵďĞƌƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭϱĐĨƐ͘DĂŝŶƚĂŝŶĂĐĐĞƐƐƚŽƐƚƌĞĂŵĨŽƌŵŝŐƌĂƚŝŽŶƐŽĨĂĚĨůƵǀŝĂůĨŝƐŚĂŶĚŵŝŶŝŵŝnjĞŚĂďŝƚĂƚ ƉĞƌƚƵƌďĂƚŝŽŶƐĐĂƵƐĞĚďLJƌŽĂĚĐŽŶƐƚƌƵĐƚŝŽŶĂŶĚƌŝƉĂƌŝĂŶŝŵƉĂĐƚĨƌŽŵŚŽƵƐŝŶŐĚĞǀĞůŽƉŵĞŶƚ͘ WƌŝĐŬůLJWĞĂƌ ϰϯ͘ϲŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂŶĚ ƌĞĞŬ ƌŽǁŶƚƌŽƵƚ   ƐƉĂǁŶŝŶŐƐƚƌĞĂŵĨŽƌĂĚĨůƵǀŝĂůƉŽƉƵůĂƚŝŽŶƐ͘     ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϯϬĐĨƐďĞůŽǁĂƐƚ,ĞůĞŶĂĂŶĚϮϮĐĨƐĂďŽǀĞĂƐƚ,ĞůĞŶĂ͘tŽƌŬƚŽŵĂŝŶƚĂŝŶĂŐƌĞĞŵĞŶƚƐ ƚŚĂƚŚĂǀĞƌĞƐƵůƚĞĚŝŶǁĞƚƚŝŶŐĐŚƌŽŶŝĐĂůůLJĚĞǁĂƚĞƌĞĚƌĞĂĐŚĞƐ͘DĂŝŶƚĂŝŶĂĐĐĞƐƐƚŽƐƚƌĞĂŵĨŽƌŵŝŐƌĂƚŝŽŶƐŽĨĂĚĨůƵǀŝĂůĨŝƐŚ͘ŽŶƚŝŶƵĞƚŽĐŽŽƉĞƌĂƚĞŝŶƌĞĚƵĐŝŶŐ ƉŽůůƵƚŝŽŶĚĞůŝǀĞƌLJĂŶĚŵŝŶŝŶŐĚĂŵĂŐĞƚŽƚŚĞǁĂƚĞƌǁĂLJĂďŽǀĞĂƐƚ,ĞůĞŶĂ͘džƉůŽƌĞŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽŝŶĐƌĞĂƐĞƉƵďůŝĐĂĐĐĞƐƐĂŶĚĐŽŶƐĞƌǀĞƌŝƉĂƌŝĂŶŚĂďŝƚĂƚ͘ ^ŝůǀĞƌƌĞĞŬ Ϯϯ͘ϱŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƐƉĂǁŶŝŶŐĂŶĚƌĞĂƌŝŶŐĨŽƌĂĚĨůƵǀŝĂů ƌŽǁŶƚƌŽƵƚ   ƉŽƉƵůĂƚŝŽŶƐ͘     ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚůŝƚƚůĞ ŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭϯĐĨƐĨƌŽŵDĂLJϭƚŽEŽǀϯϬĂŶĚϱ͘ϰĐĨƐĨƌŽŵĞĐϭƚŽƉƌŝůϯϬ͘ dĞŶŵŝůĞƌĞĞŬ Ϯϵ͘ϰŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂŶĚƐƉĂǁŶŝŶŐ ƌŽǁŶƚƌŽƵƚ   ĨŽƌĂĚĨůƵǀŝĂůƉŽƉƵůĂƚŝŽŶƐ͘     ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚƐŽŵĞ ŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁŽĨϭϮĐĨƐ͘džƉůŽƌĞŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽƌĞĚƵĐĞĐŚƌŽŶŝĐĚĞǁĂƚĞƌŝŶŐŝŶƚŚĞůŽǁĞƌƌĞĂĐŚĞƐ͘ 



233 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ DŝƐƐŽƵƌŝZŝǀĞƌʹ ϰ͘ϲŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞͬ DĂŶĂŐĞĂƐĂŚŝŐŚͲƋƵĂůŝƚLJ͕ĐŽƐƚͲĞĨĨĞĐƚŝǀĞ͕ ,ĂƵƐĞƌĂŵƚŽ  tŝůĚ 'ĞŶĞƌĂů ŵƵůƚŝͲƐƉĞĐŝĞƐĨŝƐŚĞƌLJǁŝƚŚŚŝŐŚůĞǀĞůƐŽĨĂŶŐůĞƌ ,ŽůƚĞƌZĞƐĞƌǀŽŝƌ    ƐĂƚŝƐĨĂĐƚŝŽŶ͘^ĞĞhƉƉĞƌDŝƐƐŽƵƌŝZŝǀĞƌ  ƌŽǁŶƚƌŽƵƚ tŝůĚ YƵĂůŝƚLJ ZĞƐĞƌǀŽŝƌ&ŝƐŚĞƌŝĞƐDĂŶĂŐĞŵĞŶƚWůĂŶĨŽƌ     ƐƉĞĐŝĞƐŐŽĂůƐ͕ƐƚƌĂƚĞŐŝĞƐ͕ĂŶĚƚĂƌŐĞƚƐ͘   <ŽŬĂŶĞĞƐĂůŵŽŶ tŝůĚ 'ĞŶĞƌĂů       tĂůůĞLJĞ tŝůĚ >ŝďĞƌĂůŽƌ     ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ    zĞůůŽǁƉĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů    ƵƌďŽƚ;EͿ tŝůĚ 'ĞŶĞƌĂů    EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ ĞĂǀĞƌƌĞĞŬ ϭϴ͘ϲŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂŶĚƐƉĂǁŶŝŶŐ    ĨŽƌĨůƵǀŝĂůͬĂĚĨůƵǀŝĂůĨŝƐŚ͘     ƌŽǁŶƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚƐŽŵĞ ƌŽŽŬƚƌŽƵƚ ŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭϬĐĨƐ͘džƉůŽƌĞŽƉƉŽƌƚƵŶŝƚŝĞƐĨŽƌŚĂďŝƚĂƚƌĞƐƚŽƌĂƚŝŽŶ͘ ,ŽůƚĞƌ>ĂŬĞ ϰ͕ϴϬϬĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJͬtŝůĚ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŶĂŐĞĂƐĂŚŝŐŚͲƋƵĂůŝƚLJ͕ĐŽƐƚͲĞĨĨĞĐƚŝǀĞ͕      ŵƵůƚŝͲƐƉĞĐŝĞƐĨŝƐŚĞƌLJǁŝƚŚŚŝŐŚůĞǀĞůƐŽĨĂŶŐůĞƌ  <ŽŬĂŶĞĞƐĂůŵŽŶ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ƐĂƚŝƐĨĂĐƚŝŽŶ͘^ĞĞhƉƉĞƌDŝƐƐŽƵƌŝZŝǀĞƌ     ZĞƐĞƌǀŽŝƌ&ŝƐŚĞƌŝĞƐDĂŶĂŐĞŵĞŶƚWůĂŶĨŽƌ  tĂůůĞLJĞ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞͬ>ŝďĞƌĂů ƐƉĞĐŝĞƐŐŽĂůƐ͕ƐƚƌĂƚĞŐŝĞƐ͕ĂŶĚƚĂƌŐĞƚƐ͘    ZĞŐƵůĂƚŝŽŶƐ        zĞůůŽǁƉĞƌĐŚ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ             ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ



234 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  ƵƌďŽƚ;EͿ tŝůĚ 'ĞŶĞƌĂů    EŽƌƚŚĞƌŶWŝŬĞ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ tŝůůŽǁƌĞĞŬ ϵ͘ϴŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶŶƵŵďĞƌƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐ ƌŽŽŬƚƌŽƵƚ ůĞǀĞůƐĨŽƌĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϯ͘ϱĐĨƐ͘ǀĂůƵĂƚĞƉŽƐƐŝďůĞďĂƌƌŝĞƌƐŝƚĞƐƚŚĂƚǁŽƵůĚĂůůŽǁĞƐƚĂďůŝƐŚŝŶŐĂtdƉŽƉƵůĂƚŝŽŶŝŶ ƚŚĞƵƉƉĞƌƌĞĂĐŚĞƐ͘ ůŬŚŽƌŶƌĞĞŬͲ ϱ͘ϭŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶŶƵŵďĞƌƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐ >ŽǁĞƌZĞĂĐŚ ƌŽŽŬƚƌŽƵƚ͕ ůĞǀĞůƐĨŽƌĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ZďdžtdŚLJďƌŝĚƐ ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁŽĨϯ͘ϱĐĨƐ͘ ůŬŚŽƌŶƌĞĞŬʹ ϱ͘ϯŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚͬ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶĂŶĚĞdžƉĂŶĚĚŝƐƚƌŝďƵƚŝŽŶ hƉƉĞƌZĞĂĐŚ dƌĂŶƐĨĞƌ  ƚŽŽĐĐƵƉLJĂůůŚĂďŝƚĂƚĂďŽǀĞďĂƌƌŝĞƌǁŝƚŚ  ŐĞŶĞƚŝĐĂůůLJƵŶĂůƚĞƌĞĚtd͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁŽĨϯ͘ϱĐĨƐ͘ŽŵƉůĞƚĞďĂƌƌŝĞƌĂŶĚƌĞŵŽǀĞŵŽƐƚŚLJďƌŝĚŝnjĞĚĨŝƐŚĂďŽǀĞďĂƌƌŝĞƌ͘ ŽƚƚŽŶǁŽŽĚ ϴŵŝůĞƐ tĞƐƚƐůŽƉĞƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚͬ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶĂŶĚĞdžƉĂŶĚĚĞŶƐŝƚŝĞƐƚŽ ƌĞĞŬ dƌĂŶƐĨĞƌ  ŽĐĐƵƉLJĂůůŚĂďŝƚĂƚĂďŽǀĞďĂƌƌŝĞƌ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŶƐƚĂůůƌŝƉĂƌŝĂŶĨĞŶĐŝŶŐŝŶŚĞĂĚǁĂƚĞƌĂƌĞĂŽŶƉƌŝǀĂƚĞůĂŶĚƚŽŝŵƉƌŽǀĞƌŝƉĂƌŝĂŶǀĞŐĞƚĂƚŝŽŶĐŽŶĚŝƚŝŽŶ͘DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵ ĨůŽǁŽĨϭ͘ϬĐĨƐ͘ tĞƐƚƐůŽƉĞ ϱϲ͘ϵŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚͬ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐƚŽƌĞĚƵĐĞ ĐƵƚƚŚƌŽĂƚƚƌŽƵƚ dƌĂŶƐĨĞƌ  ĞdžƚŝŶĐƚŝŽŶƌŝƐŬ͘tŚĞŶďŝŽůŽŐŝĐĂůůLJĨĞĂƐŝďůĞ͕ŝŶ 'ĞŶĞƚŝĐĂůůLJ ƌŽďƵƐƚƉŽƉƵůĂƚŝŽŶƐ͕ƉƌŽǀŝĚĞĨŽƌůŝŵŝƚĞĚ hŶĂůƚĞƌĞĚ ĐŽŶƐƵŵƉƚŝǀĞ͘ ŽŶƐĞƌǀĂƚŝŽŶ WŽƉƵůĂƚŝŽŶ ^ƚƌĞĂŵƐ ;/ƐŽůĂƚĞĚ^ŝŶŐůĞ ^ƉĞĐŝĞƐ ƉŽƉƵůĂƚŝŽŶƐͿ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŽƌŝŵƉƌŽǀĞŚĂďŝƚĂƚĂŶĚĞdžƉůŽƌĞƐƵŝƚĂďůĞƐŝƚĞƐĨŽƌďĂƌƌŝĞƌƐƚŽƉƌŽƚĞĐƚƉŽƉƵůĂƚŝŽŶƐĂŶĚŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽƌĞĚƵĐĞ ĨƌĂŐŵĞŶƚĂƚŝŽŶŽĨtdŽĐĐƵƉŝĞĚŚĂďŝƚĂƚ͘



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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ^ŵŝƚŚZŝǀĞƌ ϰϭŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ ;ŽŶĨůƵĞŶĐĞŽĨ ƌŽǁŶƚƌŽƵƚ    ƚŚĞEŽƌƚŚΘ     ^ŽƵƚŚĨŽƌŬƐƚŽ DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ ƚŚĞŽŶĨůƵĞŶĐĞ     ŽĨ^ŚĞĞƉƌĞĞŬͿ ƵƌďŽƚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  ƵƌďŽƚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐĂŶĚƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ  ĨŽƌĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ^ŵŝƚŚZŝǀĞƌ ϳϯ͘ϲŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚŝŶŚŝƐƚŽƌŝĐ ;ĐŽŶĨůƵĞŶĐĞŽĨ ƌŽǁŶƚƌŽƵƚ   ƉŽƉƵůĂƚŝŽŶůĞǀĞůƐ͘ ^ŚĞĞƉƌĞĞŬƚŽ     ƚŚĞŽŶĨůƵĞŶĐĞ DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ ŽĨ,ŽƵŶĚƌĞĞŬͿ ƵƌďŽƚ;EͿ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƌĞƐĞƌǀĂƚŝŽŶŽĨϭϱϬĐĨƐ͘WƌŽƚĞĐƚDƵƌƉŚLJZŝŐŚƚƐ͕ǁŚŝĐŚǀĂƌLJĨƌŽŵϭϮϱͲϰϬϬĐĨƐĚĞƉĞŶĚŝŶŐŽŶ ůŽĐĂƚŝŽŶĂŶĚƚŝŵĞŽĨLJĞĂƌ͘ ZŽĐŬƌĞĞŬ ϮϮ͘ϴŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ ƌŽǁŶƚƌŽƵƚ   ƉƌŽǀŝĚŝŶŐĨŽƌƌĞĐƌĞĂƚŝŽŶĂůƵƐĞ͘ǀĂůƵĂƚĞ    ŝŵƉŽƌƚĂŶĐĞŽĨƐƚƌĞĂŵƚŽ^ŵŝƚŚĂŶĚDŝƐƐŽƵƌŝ    ZŝǀĞƌĨŝƐŚ͘     ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ ƉƌŽǀŝĚŝŶŐĨŽƌĐŽŶƐƵŵƉƚŝǀĞƵƐĞ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭϭĐĨƐ͘ dĞŶĚĞƌĨŽŽƚ Ϯϱ͘ϵŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ ƌĞĞŬ    ƉƌŽǀŝĚŝŶŐĨŽƌĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͘ǀĂůƵĂƚĞ     ŝŵƉŽƌƚĂŶĐĞŽĨƐƚƌĞĂŵƚŽ^ŵŝƚŚĂŶĚDŝƐƐŽƵƌŝ     ZŝǀĞƌĨŝƐŚ͘            tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐƉƌŽǀŝĚŝŶŐĨŽƌĂ  džZĂŝŶďŽǁƚƌŽƵƚŚLJďƌŝĚƐ   ƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͘ǀĂůƵĂƚĞƚŚĞƉŽƚĞŶƚŝĂůƚŽ     ƉƌŽǀŝĚĞŚĂƌǀĞƐƚŽĨŚLJďƌŝĚƐĂďŽǀĞĂŶĚďĞůŽǁ     ĨĂůůƐ͘       ƌŽǁŶƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ     ƉƌŽǀŝĚŝŶŐĨŽƌĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͘ǀĂůƵĂƚĞ     ŝŵƉŽƌƚĂŶĐĞŽĨƐƚƌĞĂŵƚŽ^ŵŝƚŚZŝǀĞƌĨŝƐŚ͘  ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ       



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260 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ^ƵŶZŝǀĞƌʹ ϲϱŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂŶĚĞŶŚĂŶĐĞ DŽƵƚŚŽĨůŬ ƌŽǁŶƚƌŽƵƚ͕   ƉŽƉƵůĂƚŝŽŶůĞǀĞůƐŽĨĂůůƐƉĞĐŝĞƐĐŽŵƉĂƌĞĚƚŽ ƌĞĞŬƚŽ DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ   ŚŝƐƚŽƌŝĐŶƵŵďĞƌƐ͘ ĐŽŶĨůƵĞŶĐĞǁŝƚŚ     DŝƐƐŽƵƌŝZŝǀĞƌ ƵƌďŽƚ;EͿ tŝůĚ 'ĞŶĞƌĂů ŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶŶƵŵďĞƌƐ͘       ^ƚŽŶĞĐĂƚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂŶĚĞŶŚĂŶĐĞĞdžŝƐƚŝŶŐƉŽƉƵůĂƚŝŽŶ    ůĞǀĞůƐ͘     EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŵŝŶŝŵƵŵƉŽƉƵůĂƚŝŽŶůĞǀĞůƐ͘     tĂůůĞLJĞ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞƐŚŽƌƚƌĞĂĐŚŝŶŚĂďŝƚĞĚŝŶĐŽŶũƵŶĐƚŝŽŶ    ǁŝƚŚDŝƐƐŽƵƌŝZŝǀĞƌ͘     EĂƚŝǀĞŵŝŶŶŽǁƐƉĞĐŝĞƐ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ^ĂĨĞŐƵĂƌĚƐƉĞĐŝĞƐŽĨƐƉĞĐŝĂůĐŽŶĐĞƌŶƚŽŵĂŝŶƚĂŝŶ  ƉŽƉƵůĂƚŝŽŶůĞǀĞůƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞŝŶƐƚƌĞĂŵĨůŽǁƐĂŶĚŝƌƌŝŐĂƚŝŽŶǁĂƚĞƌĐŽŶǀĞLJĂŶĐĞŵĂŶĂŐĞŵĞŶƚƚŽŝŵƉƌŽǀĞĐŚƌŽŶŝĐĚĞǁĂƚĞƌŝŶŐĂŶĚŝƌƌŝŐĂƚŝŽŶďĂƐĞĚ ĞƌŽƐŝŽŶ͘DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭϯϬĐĨƐĂƐĂŶĂďƐŽůƵƚĞŵŝŶŝŵƵŵĂŶĚϮϮϬĐĨƐĂƐĂƌĞĐŽŵŵĞŶĚĞĚŵŝŶŝŵƵŵ͘džĐĞůůĞŶƚƉŽƚĞŶƚŝĂůƚŽŝŵƉƌŽǀĞƚŚĞ ĨŝƐŚĞƌLJ͘ tŝůůŽǁƌĞĞŬ ϮϴŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ ƉƌŽǀŝĚŝŶŐĨŽƌĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂŶĚ ĐŽŶƐƵŵƉƚŝǀĞƵƐĞ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϯĐĨƐ͘ &ŽƌĚƌĞĞŬ ϭϵ͘ϯŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ ƉƌŽǀŝĚŝŶŐĨŽƌĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂŶĚ ĐŽŶƐƵŵƉƚŝǀĞƵƐĞ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭϮĐĨƐ͘ ůŬƌĞĞŬ ϯϮ͘ϱŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ ƌŽǁŶƚƌŽƵƚ͕ ƉƌŽǀŝĚŝŶŐĨŽƌĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂŶĚ ƌŽŽŬƚƌŽƵƚ ĐŽŶƐƵŵƉƚŝǀĞƵƐĞ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭϲĐĨƐ͘/ŵƉƌŽǀĞǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚƚŽƌĞĚƵĐĞĐŚƌŽŶŝĐĚĞǁĂƚĞƌŝŶŐ͘tŽƌŬƚŽŵĂŝŶƚĂŝŶ ƉĂƐƐĂŐĞĨƌŽŵ^ƵŶZŝǀĞƌĨŽƌĂĚĨůƵǀŝĂůƐƉĂǁŶŝŶŐŵŝŐƌĂƚŝŽŶƐ͘

261 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ WŝƐŚŬƵŶ ϭ͕ϱϭϴĂĐƌĞƐ ZĂŝŶďŽǁdƌŽƵƚ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ ZĞƐĞƌǀŽŝƌ <ŽŬĂŶĞĞƐĂůŵŽŶ   ŚĂƌǀĞƐƚďLJĐŽŶƚŝŶƵĞĚƐƚŽĐŬŝŶŐ͘       zĞůůŽǁƉĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ     ŚĂƌǀĞƐƚ͘      EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞƐŝnjĞĂŶĚƉŽƉƵůĂƚŝŽŶďLJƌĞĐŽŵŵĞŶĚŝŶŐ  ŵĂŶŝƉƵůĂƚŝŽŶŽĨǁĂƚĞƌůĞǀĞůƐĚƵƌŝŶŐƐƉĂǁŶŝŶŐ͘  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ZĞƋƵĞƐƚĐŽŽƉĞƌĂƚŝŽŶŽĨ/ƌƌŝŐĂƚŝŽŶŝƐƚƌŝĐƚƚŽŵĂŶĂŐĞǁĂƚĞƌĞůĞǀĂƚŝŽŶƐƚŽĐŽŶƚƌŽůŶŽƌƚŚĞƌŶƉŝŬĞƐƉĂǁŶŝŶŐƐƵĐĐĞƐƐ͘ tŝůůŽǁƌĞĞŬ ϭ͕ϯϭϰĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ ZĞƐĞƌǀŽŝƌ   ŚĂƌǀĞƐƚďLJĐŽŶƚŝŶƵĞĚƐƚŽĐŬŝŶŐ͘ EŝůĂŶZĞƐĞƌǀŽŝƌ ϱϮϭĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ    ŚĂƌǀĞƐƚďLJĐŽŶƚŝŶƵĞĚƐƚŽĐŬŝŶŐ͘     ƌŽǁŶƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚůŝŵŝƚĞĚ ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ dƵŶŶĞů>ĂŬĞ ϭϰĂĐƌĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ    ŚĂƌǀĞƐƚďLJĐŽŶƚŝŶƵĞĚƐƚŽĐŬŝŶŐ͘     ƌĐƚŝĐŐƌĂLJůŝŶŐ dƌĂŶƐĨĞƌͬ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚůŝŵŝƚĞĚ tŝůĚ ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ tŽŽĚ>ĂŬĞ ϮϬĂĐƌĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ   ŚĂƌǀĞƐƚďLJĐŽŶƚŝŶƵĞĚƐƚŽĐŬŝŶŐ͘ tĂĚƐǁŽƌƚŚ ϰϯĐƌĞƐ tĂůůĞLJĞ͕ ,ĂƚĐŚĞƌLJ &ĂŵŝůLJ&ŝƐŚŝŶŐtĂƚĞƌ DĂŝŶƚĂŝŶĂƐĂŶƵƌďĂŶĨŝƐŚĞƌLJ͘ ZĞƐĞƌǀŽŝƌ >ĂƌŐĞŵŽƵƚŚĂƐƐ͕    ZĂŝŶďŽǁƚƌŽƵƚ͕    ƌŽŽŬƚƌŽƵƚ        zĞůůŽǁƉĞƌĐŚ dƌĂŶƐĨĞƌ &ĂŵŝůLJ&ŝƐŚŝŶŐtĂƚĞƌ DĂŝŶƚĂŝŶĂƐĂŶƵƌďĂŶĨŝƐŚĞƌLJ͘ 

262 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ tĞƐƚƐůŽƉĞ ϱ͘ϬŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ dƌĂŶƐĨĞƌͬ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶĂŶĚƉƌŽƚĞĐƚƉŽƉƵůĂƚŝŽŶƐƚŽƌĞĚƵĐĞ ƵƚƚŚƌŽĂƚdƌŽƵƚ tŝůĚ ĞdžƚŝŶĐƚŝŽŶƌŝƐŬ͘ 'ĞŶĞƚŝĐĂůůLJ  hŶĂůƚĞƌĞĚ ŽŶƐĞƌǀĂƚŝŽŶ WŽƉƵůĂƚŝŽŶ ^ƚƌĞĂŵƐ;/ƐŽůĂƚĞĚ ^ŝŶŐůĞ^ƉĞĐŝĞƐ WŽƉƵůĂƚŝŽŶƐͿ;Ϯ ^ƚƌĞĂŵƐͿ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŽƌŝŵƉƌŽǀĞŚĂďŝƚĂƚ͘džƉůŽƌĞŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽĞdžƉĂŶĚĞdžŝƐƚŝŶŐƌĞĂĐŚĞƐĨŽƌƉŽƉƵůĂƚŝŽŶƐ͘/ŶǀĞƐƚŝŐĂƚĞƉŽƚĞŶƚŝĂůƚŽĞƐƚĂďůŝƐŚ ĂĚĚŝƚŝŽŶĂůƉƵƌĞƉŽƉƵůĂƚŝŽŶƐĂďŽǀĞďĂƌƌŝĞƌƐĂŶĚƉŽƚĞŶƚŝĂůďĂƌƌŝĞƌƐŝƚĞƐ͘  tĞƐƚƐůŽƉĞ ϮϰŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶĂŶĚƉƌŽƚĞĐƚƉŽƉƵůĂƚŝŽŶƐŽĨŐĞŶĞƚŝĐĂůůLJ ƵƚƚŚƌŽĂƚdƌŽƵƚ ZĂŝŶďŽǁdžĐƵƚƚŚƌŽĂƚƚƌŽƵƚ  ƚĞƐƚĞĚϵϬͲϵϵйǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ͘ 'ĞŶĞƚŝĐĂůůLJ ŚLJďƌŝĚƐ ůƚĞƌĞĚ^ƚƌĞĂŵƐ ;ϳƐƚƌĞĂŵƐͿ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŽƌŝŵƉƌŽǀĞŚĂďŝƚĂƚ͘ 

263 

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268 tĂƚĞƌ DŝůĞƐͬĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ^ƉƌŝŶŐƌĞĞŬ ϭϯ͘ϭŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐƉƌŽǀŝĚŝŶŐ     ĨŽƌĐŽŶƐƵŵƉƚŝǀĞƵƐĞ͘     ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJͬtŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐƉƌŽǀŝĚŝŶŐ ĨŽƌĐŽŶƐƵŵƉƚŝǀĞƵƐĞ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϰ͘ϱĐĨƐ͘ǀĂůƵĂƚĞƐƚƌĂƚĞŐŝĞƐƚŽƉƌĞǀĞŶƚĐŚƌŽŶŝĐĚĞǁĂƚĞƌŝŶŐ͘ LJŶƵŵZĞƐĞƌǀŽŝƌ ϯ͕ϮϬϱĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶŽƉƉŽƌƚƵŶŝƚLJĨŽƌĐĂƚĐŚŝŶŐůĂƌŐĞƌƐŝnjĞĚĨŝƐŚ͘     <ŽŬĂŶĞĞƐĂůŵŽŶ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŶĂŐĞĂƐĂĐŽŶƐƵŵƉƚŝǀĞĨŝƐŚĞƌLJ͘     zĞůůŽǁƉĞƌĐŚ tŝůĚ &ĂŵŝůLJ&ŝƐŚŝŶŐtĂƚĞƌ WƌŽǀŝĚĞĂŶŽƉƉŽƌƚƵŶŝƚLJĨŽƌĂĨŝƐŚĞƌLJŶŽƚĂǀĂŝůĂďůĞŝŶ    ŽƚŚĞƌǁĂƚĞƌƐŝŶZĞŐŝŽŶϰ͘ZĞƐƚƌŝĐƚĨŝƐŚŝŶŐĐŽŶƚĞƐƚƐ    ŝŶĐŽŵƉĂƚŝďůĞǁŝƚŚ&ĂŵŝůLJ&ŝƐŚŝŶŐtĂƚĞƌŵĂŶĂŐĞŵĞŶƚ    ŐŽĂůƐ͘     tĂůůĞLJĞ ,ĂƚĐŚĞƌLJͬtŝůĚ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞͬ ǀĂůƵĂƚĞƌĞĞƐƚĂďůŝƐŚŝŶŐĂǁĂůůĞLJĞĨŝƐŚĞƌLJŝĨ 'ĞŶĞƌĂů ƉƌŽĚƵĐƚŝǀŝƚLJŽĨĞdžŝƐƚŝŶŐĨŝƐŚĞƌŝĞƐĚĞĐůŝŶĞ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶĂĨŝƐŚĞƌLJǁŝƚŚǁŚĂƚĞǀĞƌǁĂƚĞƌůĞǀĞůƐŝƌƌŝŐĂƚŽƌƐŵĂŝŶƚĂŝŶŝŶƚŚĞƌĞƐĞƌǀŽŝƌ͘ ƵƌĞŬĂZĞƐĞƌǀŽŝƌ ϯϲϲĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚͲ'ƌŽǁͲdĂŬĞ DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚĐŽŶƐƵŵƉƚŝǀĞ   ŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ǀĂůƵĂƚĞďĞŶĞĨŝƚƐƚŽĂŶŐůĞƌƐŽĨďŽƚŚĨŝƐŚƉůĂŶƚƐĂŶĚ&^ůĞĂƐĞƵŶĚĞƌĐƵƌƌĞŶƚǁĂƚĞƌůĞǀĞůŵĂŶĂŐĞŵĞŶƚŝŶƚŚĞƌĞƐĞƌǀŽŝƌ͘ dĞƚŽŶZŝǀĞƌͲ ϭϱϭŵŝůĞƐ ůƵĞƐƵĐŬĞƌ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ ŝƐĐŚĂƌŐĞĨƌŽŵ     WƌŝĞƐƚƵƚƚĞ>ĂŬĞ ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂĐŽŶƐƵŵƉƚŝǀĞĨŝƐŚĞƌLJ͘ ƚŽDŽƵƚŚ      ^ŚŽǀĞůŶŽƐĞƐƚƵƌŐĞŽŶ;EͿ tŝůĚ 'ĞŶĞƌĂů ZĞĞƐƚĂďůŝƐŚĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚĐŽŶƐƵŵƉƚŝǀĞ     ŚĂƌǀĞƐƚ͘       ^ƚŽŶĞĐĂƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ZĞĞƐƚĂďůŝƐŚĂŶĂƚŝǀĞƐƉĞĐŝĞƐĨŝƐŚĞƌLJ͘           ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ   

269 tĂƚĞƌ DŝůĞƐͬĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  ^ĂƵŐĞƌ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ZĞĞƐƚĂďůŝƐŚĂŶĂƚŝǀĞƐƉĞĐŝĞƐĨŝƐŚĞƌLJǁŝƚŚƐŽŵĞ     ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘     EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂĐŽŶƐƵŵƉƚŝǀĞĨŝƐŚĞƌLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ĞǀĞůŽƉŵĞƚŚŽĚƐƚŽƉƌĞǀĞŶƚƚŽƚĂůĚĞǁĂƚĞƌŝŶŐŽĨƚŚĞ>ŽǁĞƌdĞƚŽŶZŝǀĞƌ͘ LJƌĂƵĚ>ĂŬĞƐ ϮϮϯĂĐƌĞƐ EŽƌƚŚĞƌŶƉŝŬĞ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐĨŽƌĂ zĞůůŽǁƉĞƌĐŚ͕   ƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ >ĂƌŐĞŵŽƵƚŚďĂƐƐ   tĞƐƚƐůŽƉĞ ϱ͘ϱŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐƚŽƌĞĚƵĐĞ ƵƚƚŚƌŽĂƚdƌŽƵƚ ƚƌŽƵƚ ĞdžƚŝŶĐƚŝŽŶƌŝƐŬ͘ 'ĞŶĞƚŝĐĂůůLJ hŶĂůƚĞƌĞĚ ŽŶƐĞƌǀĂƚŝŽŶ WŽƉƵůĂƚŝŽŶ ^ƚƌĞĂŵƐ;ϯ ƐƚƌĞĂŵƐͿ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ZĞƉůŝĐĂƚĞƉŽƉƵůĂƚŝŽŶƐƚŽƉƌŽƚĞĐƚƚŚĞŵĨƌŽŵĞdžƚŝŶĐƚŝŽŶ͘ tĞƐƚƐůŽƉĞ ϮϮ͘ϱŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐ͘ůůŽǁŚĂƌǀĞƐƚŝŶ ƵƚƚŚƌŽĂƚdƌŽƵƚ ƚƌŽƵƚΘŚLJďƌŝĚƐ  ƌŽďƵƐƚƉŽƉƵůĂƚŝŽŶƐ͘ 'ĞŶĞƚŝĐĂůůLJ    ůƚĞƌĞĚ^ƚƌĞĂŵƐ   ;ϳƐƚƌĞĂŵƐͿ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ǀĂůƵĂƚĞƉŽƚĞŶƚŝĂůƐŝƚĞƐĨŽƌĂŵĂũŽƌďĂƌƌŝĞƌŽŶEŽƌƚŚ&ŽƌŬdĞƚŽŶZŝǀĞƌ͘ 

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ƌLJ&ŽƌŬĞůƚ ϭϭŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ &ƵƚƵƌĞŵĂŶĂŐĞŵĞŶƚƚŽŵŝŶŝŵŝnjĞƉƌĞƐĞŶĐĞŝŶ ƌĞĞŬ ƌŽŽŬƚƌŽƵƚ   ƐƚƌĞĂŵ͘      tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ &ƵƚƵƌĞŵĂŶĂŐĞŵĞŶƚĂƐǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚ ƚƌŽƵƚĨŝƐŚĞƌLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϳĐĨƐ͘DĂŶĂŐĞŵĞŶƚƚŽǁĂƌĚĂĐŽŶƐĞƌǀĂƚŝŽŶƉŽƉƵůĂƚŝŽŶŽĨǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ͘ KƚŝWĂƌŬƌĞĞŬ ϰ͘ϮŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ DĂŶĂŐĞƚŽŵŝŶŝŵŝnjĞĞdžƉĂŶƐŝŽŶŽĨďƌŽŽŬƚƌŽƵƚ     ƉŽƉƵůĂƚŝŽŶ͘     tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŶĂŐĞŵĞŶƚƚŽǁĂƌĚĂĐŽŶƐĞƌǀĂƚŝŽŶƉŽƉƵůĂƚŝŽŶŽĨǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ͘ ĂƌƉĞŶƚĞƌƌĞĞŬ ϯŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ǀĂůƵĂƚĞŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽĞdžƉĂŶĚƉŽƉƵůĂƚŝŽŶ ĂŶĚƉƌŽǀŝĚĞƐĞĐƵƌĞŚĂďŝƚĂƚƚŚƌŽƵŐŚŽƵƚƚŚĞ ĂƌƉĞŶƚĞƌƌĞĞŬĚƌĂŝŶĂŐĞŝŶĂŶƚŝĐŝƉĂƚŝŽŶŽĨ ŵŝŶĞƌĞŵĞĚŝĂƚŝŽŶĂŶĚŵĞƚĂůƐƉŽůůƵƚŝŽŶŝŶƚŚĞ ĂƌƉĞŶƚĞƌͲ^ŶŽǁƌĞĞŬĚƌĂŝŶĂŐĞ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ĚĞŶƚŝĨLJƉŽƚĞŶƚŝĂůďĂƌƌŝĞƌƐŝƚĞƐŶĞĂƌŵŽƵƚŚƚŽĚĞǀĞůŽƉĂĐŽŶƐĞƌǀĂƚŝŽŶƉŽƉƵůĂƚŝŽŶŽĨtĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ͘ :ĞĨĨĞƌƐŽŶƌĞĞŬ ϱ͘ϰŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞƚŽŵŝŶŝŵŝnjĞŝŶĐƌĞĂƐĞƐŝŶƉŽƉƵůĂƚŝŽŶ    ĚĞŶƐŝƚŝĞƐ͘     ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ DĂŶĂŐĞƚŽŵŝŶŝŵŝnjĞƉƌĞƐĞŶĐĞŝŶƚŚĞƐƚƌĞĂŵ͘     tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƚŽĞǀĞŶƚƵĂůůLJ ĂůůŽǁůŝŵŝƚĞĚŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗džƉůŽƌĞƉŽƚĞŶƚŝĂůďĂƌƌŝĞƌƐŝƚĞƐŽŶĞůƚƌĞĞŬƚŽƉƌĞǀĞŶƚŶŽŶͲŶĂƚŝǀĞĨŝƐŚŵŝŐƌĂƚŝŽŶŝŶƚŽ:ĞĨĨĞƌƐŽŶƌĞĞŬ͘  ŚĂŵďĞƌůĂŝŶ ϱ͘ϰŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DŽŶŝƚŽƌŚĂŵďĞƌůĂŝŶƌĞĞŬĂďŽǀĞďĂƌƌŝĞƌĨŽƌ ƌĞĞŬ ƉƌĞƐĞŶĐĞŽĨďƌŽŽŬƚƌŽƵƚ͘  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗dŚĞĞdžŝƐƚŝŶŐďĂƌƌŝĞƌŝƐƐƵƐƉĞĐƚĂƚŚŝŐŚĨůŽǁƐďĞĐĂƵƐĞŽĨƐĐƌĞĞŶĐůŽŐŐŝŶŐĂŶĚĞƌŽƐŝŽŶƵŶĚĞƌƚŚĞƐƉůĂƐŚƉĂĚ͘&ƵƚƵƌĞǁŽƌŬƐŚŽƵůĚďĞ ĐŽŶĚƵĐƚĞĚƚŽŵŽĚŝĨLJƚŚĞƐĐƌĞĞŶƚŽƉĂƐƐĚĞďƌŝƐĂŶĚƚŚĞƐƉůĂƐŚƉĂĚƐŚŽƵůĚďĞĞdžƚĞŶĚĞĚĚŽǁŶƐƚƌĞĂŵƚŽƉƌĞǀĞŶƚƉĂƐƐĂŐĞŽĨŶŽŶͲŶĂƚŝǀĞĨŝƐŚĚƵƌŝŶŐƐŝŐŶŝĨŝĐĂŶƚ ĨůŽǁĞǀĞŶƚƐ͘

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ĞůƚƌĞĞŬ;ŝŐ ϯϳŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ KƚƚĞƌƌĞĞŬƚŽ ƌŽǁŶƚƌŽƵƚ    ŽŶĨůƵĞŶĐĞǁŝƚŚ     DŝƐƐŽƵƌŝZŝǀĞƌͿ DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŶƵŵďĞƌƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐƌĂŶŐĞ͘       ^ĂƵŐĞƌ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ǀĂůƵĂƚĞƉŽƚĞŶƚŝĂůƚŽƌĞƐƚŽƌĞƉŽƉƵůĂƚŝŽŶƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϯϱĐĨƐ͘DŽŶŝƚŽƌĨŝƐŚĞƌLJďĞĨŽƌĞĂŶĚĂĨƚĞƌǁĂƚĞƌƚƌĞĂƚŵĞŶƚƉůĂŶƚĐŽŶƐƚƌƵĐƚŝŽŶĂŶĚƚŚĞ ƚƌĞĂƚŵĞŶƚŽĨĐŽŶƚĂŵŝŶĂƚĞĚǁĂƚĞƌ͘ >ŝƚƚůĞĞůƚƌĞĞŬ ϭϱ͘ϴŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ  ƌŽǁŶƚƌŽƵƚ   ĐŽŶƐƵŵƉƚŝŽŶŝŶŵĂũŽƌŝƚLJŽĨƐƚƌĞĂŵďĞůŽǁ     ďĂƌƌŝĞƌƐ͘       ƌŽŽŬƚƌŽƵƚ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ WƵƌƐƵĞƌĞŵŽǀĂůŽĨďƌŽŽŬƚƌŽƵƚĂďŽǀĞĂďĂƌƌŝĞƌ     ŽŶƉƌŝǀĂƚĞůĂŶĚƚŽďĞŶĞĨŝƚǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚ     ƚƌŽƵƚŝŶ>ŝƚƚůĞĞůƚƌĞĞŬƉŽƉƵůĂƚŝŽŶĂŶĚƉƌŽǀŝĚĞ    ĂŶĂĚĚŝƚŝŽŶĂůůĂLJĞƌŽĨƐĞĐƵƌŝƚLJĨŽƌƚŚĞEŽƌƚŚ&ŽƌŬ    ĂŶĚDŝĚĚůĞ&ŽƌŬ>ŝƚƚůĞĞůƚƌĞĞŬǁĞƐƚƐůŽƉĞ    ĐƵƚƚŚƌŽĂƚƉŽƉƵůĂƚŝŽŶƐ͘     tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ WƵƌƐƵĞŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽĞdžƉĂŶĚĞdžŝƐƚŝŶŐ>ŝƚƚůĞ ĞůƚƌĞĞŬƉŽƉƵůĂƚŝŽŶĚŽǁŶƐƚƌĞĂŵƚŽďĂƌƌŝĞƌŽŶ ƉƌŝǀĂƚĞůĂŶĚ͘ DŝĚĚůĞ&ŽƌŬ Ϯ͘ϲŵŝůĞƐ ƌŽŽŬdƌŽƵƚ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ ^ƵƉƉƌĞƐƐďƌŽŽŬƚƌŽƵƚƉŽƉƵůĂƚŝŽŶĂďŽǀĞďĂƌƌŝĞƌ >ŝƚƚůĞĞůƚƌĞĞŬ    ƚŽƉƌŽƚĞĐƚǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚƉŽƉƵůĂƚŝŽŶ͘       tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DŽŶŝƚŽƌƚŚĞǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ  ƉŽƉƵůĂƚŝŽŶĂŶŶƵĂůůLJ͘džƉĂŶĚƉŽƉƵůĂƚŝŽŶ  ĚŽǁŶƐƚƌĞĂŵŝĨƉƌŝǀĂƚĞůĂŶĚŽǁŶĞƌƐĂƌĞ ĂŵĞŶĂďůĞ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ƌĂĚŝĐĂƚŝŽŶŽĨďƌŽŽŬƚƌŽƵƚĂďŽǀĞĂǁĂƚĞƌĨĂůůďĂƌƌŝĞƌŽŶƉƌŝǀĂƚĞůĂŶĚǁŽƵůĚĐƌĞĂƚĞĂǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚƉŽƉƵůĂƚŝŽŶƌĞƐŝƐƚĂŶƚ ƚŽůŽŶŐͲƚĞƌŵĞdžƚŝŶĐƚŝŽŶƚŚƌĞĂƚƐĂŶĚǁŽƵůĚŝŶĐůƵĚĞƚŚĞEŽƌƚŚ&ŽƌŬĂŶĚDŝĚĚůĞ&ŽƌŬ>ŝƚƚůĞĞůƚĚƌĂŝŶĂŐĞƐ͘

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ EŽƌƚŚ&ŽƌŬ>ŝƚƚůĞ Ϯ͘ϰŵŝůĞƐ ƌŽŽŬdƌŽƵƚ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ ^ƵƉƉƌĞƐƐďƌŽŽŬƚƌŽƵƚƉŽƉƵůĂƚŝŽŶĂďŽǀĞďĂƌƌŝĞƌ ĞůƚƌĞĞŬ    ƚŽƉƌŽƚĞĐƚǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚƉŽƉƵůĂƚŝŽŶ͘     tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DŽŶŝƚŽƌƚŚĞǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ ƉŽƉƵůĂƚŝŽŶĂŶŶƵĂůůLJ͘džƉĂŶĚƉŽƉƵůĂƚŝŽŶ ĚŽǁŶƐƚƌĞĂŵŝĨƉƌŝǀĂƚĞůĂŶĚŽǁŶĞƌƐĂƌĞ ĂŵĞŶĂďůĞ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ƌĂĚŝĐĂƚŝŽŶŽĨďƌŽŽŬƚƌŽƵƚĂďŽǀĞĂǁĂƚĞƌĨĂůůďĂƌƌŝĞƌŽŶƉƌŝǀĂƚĞůĂŶĚǁŽƵůĚĐƌĞĂƚĞĂǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚƉŽƉƵůĂƚŝŽŶƌĞƐŝƐƚĂŶƚ ƚŽůŽŶŐͲƚĞƌŵĞdžƚŝŶĐƚŝŽŶƚŚƌĞĂƚƐĂŶĚǁŽƵůĚŝŶĐůƵĚĞƚŚĞEŽƌƚŚ&ŽƌŬĂŶĚDŝĚĚůĞ&ŽƌŬ>ŝƚƚůĞĞůƚĚƌĂŝŶĂŐĞƐ͘ tĞƐƚƐůŽƉĞ ϯϯŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐƚŽƌĞĚƵĐĞ ƵƚƚŚƌŽĂƚdƌŽƵƚ ĞdžƚŝŶĐƚŝŽŶƌŝƐŬ͘ůůŽǁŚĂƌǀĞƐƚŝŶƌŽďƵƐƚ 'ĞŶĞƚŝĐĂůůLJ ƉŽƉƵůĂƚŝŽŶƐ͘ hŶĂůƚĞƌĞĚ ŽŶƐĞƌǀĂƚŝŽŶ WŽƉƵůĂƚŝŽŶ ^ƚƌĞĂŵƐ;/ƐŽůĂƚĞĚ ^ŝŶŐůĞ^ƉĞĐŝĞƐ WŽƉƵůĂƚŝŽŶƐͿ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŽƌŝŵƉƌŽǀĞŚĂďŝƚĂƚĂŶĚĞdžƉůŽƌĞƐƵŝƚĂďůĞƐŝƚĞƐĨŽƌďĂƌƌŝĞƌƐŽƌƌĞĚƵĐŝŶŐĨƌĂŐŵĞŶƚĂƚŝŽŶŽĨǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚŽĐĐƵƉŝĞĚ ŚĂďŝƚĂƚ͘ tĞƐƚƐůŽƉĞ ϱϵDŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐ͘ůůŽǁŚĂƌǀĞƐƚ ƵƚƚŚƌŽĂƚdƌŽƵƚ ;EͿ͕ ŝŶƌŽďƵƐƚƉŽƉƵůĂƚŝŽŶƐ͘ 'ĞŶĞƚŝĐĂůůLJ ,LJďƌŝĚƐ;ŵŝdžĞĚƉŽƉƵůĂƚŝŽŶƐͿ ůƚĞƌĞĚ ŽŶƐĞƌǀĂƚŝŽŶ WŽƉƵůĂƚŝŽŶ ^ƚƌĞĂŵƐ ƌŽŽŬdƌŽƵƚ ϭϵϳDŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĨŽƌĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ^ƚƌĞĂŵƐ 

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ,ŝŐŚǁŽŽĚƌĞĞŬ ϮŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐƚŽƌĞĚƵĐĞ ƌĂŝŶĂŐĞͲ ĞdžƚŝŶĐƚŝŽŶƌŝƐŬ͘ tĞƐƚƐůŽƉĞ ƵƚƚŚƌŽĂƚdƌŽƵƚ 'ĞŶĞƚŝĐĂůůLJ hŶĂůƚĞƌĞĚ ŽŶƐĞƌǀĂƚŝŽŶ WŽƉƵůĂƚŝŽŶ ^ƚƌĞĂŵƐ;/ƐŽůĂƚĞĚ ^ŝŶŐůĞ^ƉĞĐŝĞƐ WŽƉƵůĂƚŝŽŶƐͿ;ϭ ^ƚƌĞĂŵͿ ,ŝŐŚǁŽŽĚƌĞĞŬ ϱͲϳŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞǁŽƌŬƚŽĞƐƚĂďůŝƐŚƚǁŽŶĞǁ ƌĂŝŶĂŐĞͲ ƉŽƉƵůĂƚŝŽŶƐŽĨϭϬϬйŐĞŶĞƚŝĐĂůůLJƵŶĂůƚĞƌĞĚ tĞƐƚƐůŽƉĞ ǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚƉŽƉƵůĂƚŝŽŶƐƚŽ ƵƚƚŚƌŽĂƚdƌŽƵƚ ƌĞĚƵĐĞĞdžƚŝŶĐƚŝŽŶƌŝƐŬ͘ 'ĞŶĞƚŝĐĂůůLJ hŶĂůƚĞƌĞĚ ŽŶƐĞƌǀĂƚŝŽŶ WŽƉƵůĂƚŝŽŶ ^ƚƌĞĂŵƐ;/ƐŽůĂƚĞĚ ^ŝŶŐůĞ^ƉĞĐŝĞƐ WŽƉƵůĂƚŝŽŶƐͿ;Ϯ ^ƚƌĞĂŵƐͿ ^ŚŽŶŬŝŶƌĞĞŬ ϱϮŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŝŶƐƚƌĞĂŵĨůŽǁŽĨϳĐĨƐĨŽƌĂƋƵĂƚŝĐŚĂďŝƚĂƚ͘   



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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ DŝƐƐŽƵƌŝZŝǀĞƌͲ ϲϳŵŝůĞƐ ^ĂƵŐĞƌ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͕ ŽŶĨůƵĞŶĐĞŽĨ    ŵĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚůŝŵŝƚĞĚ ƚŚĞDĂƌŝĂƐZŝǀĞƌ    ŚĂƌǀĞƐƚ͘ ƚŽƚŚĞ:ƵĚŝƚŚ     ZŝǀĞƌ tĂůůĞLJĞ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ  EŽƌƚŚĞƌŶƉŝŬĞ͕   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘  &ƌĞƐŚǁĂƚĞƌĚƌƵŵ;EͿ͕     ^ŵĂůůŵŽƵƚŚďĂƐƐ          ^ŚŽǀĞůŶŽƐĞƐƚƵƌŐĞŽŶ;EͿ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐĂŶĚ ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ   ŵĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͘     WĂůůŝĚƐƚƵƌŐĞŽŶ;EͿ ,ĂƚĐŚĞƌLJͬ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶĂŶĚĞŶŚĂŶĐĞĞdžŝƐƚŝŶŐƉŽƉƵůĂƚŝŽŶ  tŝůĚ  ůĞǀĞůƐƚŽƌĞĚƵĐĞĞdžƚŝŶĐƚŝŽŶƌŝƐŬ͘     WĂĚĚůĞĨŝƐŚ;EͿ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞƌĞŐƵůĂƚŝŽŶƐ DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶďŝŽůŽŐŝĐĂůůLJ    ŚĞĂůƚŚLJůĞǀĞůƐĂŶĚŵĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂů    ĨŝƐŚĞƌLJǁŝƚŚůŝŵŝƚĞĚŚĂƌǀĞƐƚƚŚƌŽƵŐŚĂĐĂƉ    ƐLJƐƚĞŵ͘     ƵƌďŽƚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘     'ŽůĚĞLJĞ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚƐŽŵĞ    ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘     ůƵĞƐƵĐŬĞƌ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶϰ͕ϯϬϬͲϭϰ͕ϬϬϬĐĨƐĨŽƌŝŶƐƚƌĞĂŵĨůŽǁƐĂƐŝŶĚŝĐĂƚĞĚďLJƚŚĞĨŽůůŽǁŝŶŐƚŽŵĂŝŶƚĂŝŶĨŝƐŚĞƌŝĞƐ͘DĂŝŶƚĂŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϰ͕ϯϬϬ ĐĨƐĨƌŽŵϵͬϭͲϯͬϭϰĨŽƌŵĂŝŶƚĞŶĂŶĐĞŽĨƌŝĨĨůĞƐ͕ϱ͕ϱϳϭĐĨƐĨƌŽŵϯͬϭϰͲϱͬϭϴ͕ϭϰ͕ϬϬϬĐĨƐĨƌŽŵϱͬϭϵͲϳͬϱĨŽƌƉĂĚĚůĞĨŝƐŚƐƉĂǁŶŝŶŐŵŝŐƌĂƚŝŽŶ͕ĂŶĚϱ͕ϰϬϬĐĨƐĨƌŽŵϳͬϲͲ ϴͬϯϭĨŽƌŵĂŝŶƚĂŝŶŝŶŐƐŝĚĞĐŚĂŶŶĞůŚĂďŝƚĂƚĨŽƌĨŽƌĂŐĞƐƉĞĐŝĞƐ͘  



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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ DŝƐƐŽƵƌŝZŝǀĞƌͲ ϴϱŵŝůĞƐ ^ĂƵŐĞƌ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŶĂŐĞƚŽŵĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶ ŽŶĨůƵĞŶĐĞŽĨ    ŚŝƐƚŽƌŝĐůĞǀĞůƐŝŶƵƉƉĞƌƌĞĂĐŚĞƐĂŶĚƉƌŽǀŝĚĞĂ ƚŚĞ:ƵĚŝƚŚZŝǀĞƌ    ƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚůŝŵŝƚĞĚŚĂƌǀĞƐƚ͘ ƚŽƚŚĞ     ŚĞĂĚǁĂƚĞƌƐŽĨ tĂůůĞLJĞ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ &ŽƌƚWĞĐŬ &ƌĞƐŚǁĂƚĞƌĚƌƵŵ;EͿ͕   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ZĞƐĞƌǀŽŝƌ ^ŵĂůůŵŽƵƚŚďĂƐƐ         ^ŚŽǀĞůŶŽƐĞƐƚƵƌŐĞŽŶ;EͿ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐĂŶĚ  ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ   ŵĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͘       WĂůůŝĚƐƚƵƌŐĞŽŶ;EͿ ,ĂƚĐŚĞƌLJͬ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶĂŶĚĞŶŚĂŶĐĞĞdžŝƐƚŝŶŐƉŽƉƵůĂƚŝŽŶ   tŝůĚ  ůĞǀĞůƐƚŽƌĞĚƵĐĞĞdžƚŝŶĐƚŝŽŶƌŝƐŬ͘       WĂĚĚůĞĨŝƐŚ;EͿ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶďŝŽůŽŐŝĐĂůůLJ    ŚĞĂůƚŚLJůĞǀĞůƐĂŶĚŵĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂů    ĨŝƐŚĞƌLJǁŝƚŚůŝŵŝƚĞĚŚĂƌǀĞƐƚƚŚƌŽƵŐŚĂĐĂƉ    ƐLJƐƚĞŵ͘     ƵƌďŽƚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘     'ŽůĚĞLJĞ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚƐŽŵĞ    ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘     ^ƚŽŶĞĐĂƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶϰ͕ϳϬϬͲϭϱ͕ϯϬϮĐĨƐĨŽƌŝŶƐƚƌĞĂŵĨůŽǁƐĂƐŝŶĚŝĐĂƚĞĚďLJƚŚĞĨŽůůŽǁŝŶŐƚŽŵĂŝŶƚĂŝŶĨŝƐŚĞƌŝĞƐ͘DĂŝŶƚĂŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϰ͕ϳϬϬ ĐĨƐĨƌŽŵϵͬϭͲϯͬϭϰĨŽƌŵĂŝŶƚĞŶĂŶĐĞŽĨƌŝĨĨůĞƐ͕ϳ͕ϭϬϬĐĨƐĨƌŽŵϯͬϭϰͲϱͬϭϴ͕ϭϱ͕ϯϬϮĐĨƐĨƌŽŵϱͬϭϵͲϳͬϱĨŽƌƉĂĚĚůĞĨŝƐŚƐƉĂǁŶŝŶŐŵŝŐƌĂƚŝŽŶ͕ĂŶĚϱ͕ϴϬϬĐĨƐĨƌŽŵϳͬϲͲ ϴͬϯϭĨŽƌŵĂŝŶƚĂŝŶŝŶŐƐŝĚĞĐŚĂŶŶĞůŚĂďŝƚĂƚĨŽƌĨŽƌĂŐĞƐƉĞĐŝĞƐ͘ ƌƌŽǁƌĞĞŬʹ ϲϰŵŝůĞƐ ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐĂŶĚ >ŽǁĞƌZĞĂĐŚĞƐ    ŵĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͘       'ŽůĚĞLJĞ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚƐŽŵĞ     ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    



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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  ^ƚŽŶĞĐĂƚ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘  EŽƌƚŚĞƌŶƌĞĚďĞůůLJdžĨŝŶĞƐĐĂůĞ   ĚĂĐĞŚLJďƌŝĚ;EͿ ƌƌŽǁƌĞĞŬ ϰŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐƚŽƌĞĚƵĐĞ ,ĞĂĚǁĂƚĞƌƐ     ĞdžƚŝƌƉĂƚŝŽŶƌŝƐŬ͘      ϰϯŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ ŚĂƌǀĞƐƚǁŚĞƌĞƚŚĞLJƉŽƐĞŶŽƚŚƌĞĂƚƚŽ ǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚƉŽƉƵůĂƚŝŽŶƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗džĂŵŝŶĞŵĞƚŚŽĚƐƚŽƉƌŽƚĞĐƚŽŶĞƉŽƉƵůĂƚŝŽŶĨƌŽŵĐŽŵƉĞƚŝƚŝŽŶŽƌŚLJďƌŝĚŝnjĂƚŝŽŶ͘ :ƵĚŝƚŚZŝǀĞƌͲ ϱϴDŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚŚĂƌǀĞƐƚ͘ ^ŽƵƚŚͬDŝĚĚůĞ ƌŽǁŶƚƌŽƵƚ͕    &ŽƌŬŽŶĨůƵĞŶĐĞ ƌŽŽŬƚƌŽƵƚ    ƚŽŝŐ^ƉƌŝŶŐ     ƌĞĞŬ DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶϮϱĐĨƐĨŽƌŝŶƐƚƌĞĂŵĨůŽǁƐƚŽŵĂŝŶƚĂŝŶĂƋƵĂƚŝĐŚĂďŝƚĂƚ͘ :ƵĚŝƚŚZŝǀĞƌʹŝŐ ϳϭDŝůĞƐ ^ĂƵŐĞƌ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŶĂŐĞƚŽŵĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶ ^ƉƌŝŶŐƌĞĞŬƚŽ    ŚŝƐƚŽƌŝĐůĞǀĞůƐĂŶĚƉƌŽǀŝĚĞĂƌĞĐƌĞĂƚŝŽŶĂů DŽƵƚŚ    ĨŝƐŚĞƌLJǁŝƚŚůŝŵŝƚĞĚŚĂƌǀĞƐƚ͘       tĂůůĞLJĞ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ  EŽƌƚŚĞƌŶƉŝŬĞ͕   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘  ZĂŝŶďŽǁƚƌŽƵƚ͕     ƌŽǁŶƚƌŽƵƚ     ^ŵĂůůŵŽƵƚŚďĂƐƐ          ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐĂŶĚ     ŵĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͘       'ŽůĚĞLJĞ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚƐŽŵĞ     ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    



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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  ^ƚŽŶĞĐĂƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘       DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘       ůƵĞƐƵĐŬĞƌ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶƐƉĂǁŶŝŶŐĂŶĚƌĞĂƌŝŶŐƉŽƉƵůĂƚŝŽŶƐ     ǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘     ƵƌďŽƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐĂŶĚ ŵĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶϭϲϬĐĨƐĨŽƌŝŶƐƚƌĞĂŵĨůŽǁƐƚŽŵĂŝŶƚĂŝŶĂƋƵĂƚŝĐŚĂďŝƚĂƚ͘tŽƌŬǁŝƚŚƉĂƌƚŶĞƌƐƚŽŵĂŝŶƚĂŝŶĨůŽǁŵŽŶŝƚŽƌŝŶŐŐĂŐĞƐ͘ ^ŽƵƚŚ&ŽƌŬ:ƵĚŝƚŚ ϮϬ͘ϲŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ZŝǀĞƌ ƌŽǁŶƚƌŽƵƚ͕   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ƌŽŽŬƚƌŽƵƚ        tĞƐƚƐůŽƉĞƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶĂŶĚƐĞĐƵƌĞŐĞŶĞƚŝĐĂůůLJĂůƚĞƌĞĚ    ƉŽƉƵůĂƚŝŽŶĨƌŽŵĐŽŵƉĞƚŝƚŝŽŶĂŶĚĐŽŶƚŝŶƵĞĚ    ŚLJďƌŝĚŝnjĂƚŝŽŶ͘     DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĞŶĂŶĐĞŽĨĞdžŝƐƚŝŶŐƚƌŽƵƚŚĂďŝƚĂƚďLJƉƌŽǀŝĚŝŶŐϯ͘ϱĐĨƐŽĨŝŶƐƚƌĞĂŵĨůŽǁ͘ >ŽƐƚ&ŽƌŬ:ƵĚŝƚŚ ϵŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ZŝǀĞƌ ƌŽŽŬƚƌŽƵƚ ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭϰĐĨƐ͘ DŝĚĚůĞ&ŽƌŬ ϭϯ͘ϭŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ :ƵĚŝƚŚZŝǀĞƌ ƌŽŽŬƚƌŽƵƚ͕   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ƌŽǁŶƚƌŽƵƚ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϮϮĐĨƐ͘tŽƌŬǁŝƚŚh^&ŽƌĞƐƚ^ĞƌǀŝĐĞƚŽĂĚĚƌĞƐƐƐĞĚŝŵĞŶƚĂƚŝŽŶŝƐƐƵĞƐƐƚĞŵŵŝŶŐĨƌŽŵ ƌŽĂĚͬƚƌĂŝůĐƌŽƐƐŝŶŐƐ͘   



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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ŝŐ^ƉƌŝŶŐƌĞĞŬ Ϯϯ͘ϳŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ʹŚĂƚĐŚĞƌLJƚŽ ƌŽǁŶƚƌŽƵƚ   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ŽƚƚŽŶǁŽŽĚ     ƌĞĞŬ     DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭϭϬĐĨƐ͘ZĞƐƚŽƌĞŚĂďŝƚĂƚĂŶĚĐŚĂŶŶĞůĨŽƌŵŽŶĐŚĂŶŶĞůŝnjĞĚƐĞĐƚŝŽŶƐ͘WƵƌƐƵĞĂĚĚŝƚŝŽŶĂů ĂĐĐĞƐƐĨŽƌďĂŶŬĂŶŐůĞƌƐ͘ ŝŐ^ƉƌŝŶŐƌĞĞŬ ϴ͘ϮŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ʹŽƚƚŽŶǁŽŽĚ ƌŽǁŶƚƌŽƵƚ   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ƌĞĞŬƚŽDŽƵƚŚ      DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘     ^ĂƵŐĞƌ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŶĂŐĞƚŽŵĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶ ŚŝƐƚŽƌŝĐůĞǀĞůƐĂŶĚƉƌŽǀŝĚĞĂƌĞĐƌĞĂƚŝŽŶĂů ĨŝƐŚĞƌLJǁŝƚŚůŝŵŝƚĞĚŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭϬϬĐĨƐ͘WƵƌƐƵĞĂĚĚŝƚŝŽŶĂůĂĐĐĞƐƐĨŽƌďĂŶŬĂŶŐůĞƌƐ͘ ĂƐƚ&ŽƌŬŝŐ Ϯϰ͘ϴŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ^ƉƌŝŶŐƌĞĞŬ ƌŽŽŬƚƌŽƵƚ͕   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘  ƌŽǁŶƚƌŽƵƚ        tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐƚŽƌĞĚƵĐĞ ĞdžƚŝƌƉĂƚŝŽŶƌŝƐŬ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϳ͘ϱĐĨƐ͘ ŽƚƚŽŶǁŽŽĚ ϯϮŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ƌĞĞŬ ZĂŝŶďŽǁƚƌŽƵƚ͕   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ ƌŽǁŶƚƌŽƵƚ        tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐƚŽƌĞĚƵĐĞ ĞdžƚŝƌƉĂƚŝŽŶƌŝƐŬ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁŽĨϰ͘ϱĐĨƐŝŶŽƚƚŽŶǁŽŽĚƌĞĞŬ͘



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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ĞĂǀĞƌƌĞĞŬ ϭϯŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ;dƌŝďƵƚĂƌLJƚŽ ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ŽƚƚŽŶǁŽŽĚͿ tĂƌŵ^ƉƌŝŶŐ ϮϴŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DŽŶŝƚŽƌĂŶĚŵĂŝŶƚĂŝŶĂĚĨůƵǀŝĂůƉŽƉƵůĂƚŝŽŶ͘ ƌĞĞŬ    DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚůŝŵŝƚĞĚ     ŚĂƌǀĞƐƚ͘  ƌŽǁŶƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů      DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ     ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘  ^ŵĂůůŵŽƵƚŚďĂƐƐ tŝůĚ 'ĞŶĞƌĂů      DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ     ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘  ^ĂƵŐĞƌ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ     DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐĂŶĚ    ŵĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚůŝŵŝƚĞĚ    ŚĂƌǀĞƐƚ͘ ^ƚŽŶĞĐĂƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ    DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘      DŝŶŝŵŝnjĞƚŚƌĞĂƚƐƚŽƉŽƉƵůĂƚŝŽŶĨƌŽŵ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ ŽŶƐĞƌǀĂƚŝŽŶ ĐŽŵƉĞƚŝƚŝŽŶĂŶĚŚLJďƌŝĚŝnjĂƚŝŽŶ͘ǀĂůƵĂƚĞ ŚĞĂĚǁĂƚĞƌƐƚŽĚĞƚĞƌŵŝŶĞĚŝƐƚƌŝďƵƚŝŽŶ͘ ǀĂůƵĂƚĞƉŽƚĞŶƚŝĂůĨŽƌƌĞƉůŝĐĂƚŝŽŶ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭϭϬĐĨƐ͘ zŽŐŽƌĞĞŬ ϭϯ͘ϳŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ  ZĂŝŶďŽǁƚƌŽƵƚ   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚƚŽŵŝŶŝŵŝnjĞƉŽƚĞŶƚŝĂůĨŽƌ     ĐŽŵƉĞƚŝƚŝŽŶĂŶĚŚLJďƌŝĚŝnjĂƚŝŽŶŽĨŵŝdžĞĚ     ǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚƉŽƉƵůĂƚŝŽŶ͘                    ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ



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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DŝŶŝŵŝnjĞƚŚƌĞĂƚƐƚŽŐĞŶĞƚŝĐĂůůLJĂůƚĞƌĞĚ ƉŽƉƵůĂƚŝŽŶĨƌŽŵĐŽŵƉĞƚŝƚŝŽŶĂŶĚĂĚĚŝƚŝŽŶĂů ŚLJďƌŝĚŝnjĂƚŝŽŶ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϯĐĨƐ͘ :ƵĚŝƚŚZŝǀĞƌ ϭϬDŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐƚŽƌĞĚƵĐĞ ƌĂŝŶĂŐĞͲ ĞdžƚŝƌƉĂƚŝŽŶƌŝƐŬ͘ tĞƐƚƐůŽƉĞ ƵƚƚŚƌŽĂƚdƌŽƵƚ 'ĞŶĞƚŝĐĂůůLJ hŶĂůƚĞƌĞĚ ŽŶƐĞƌǀĂƚŝŽŶ WŽƉƵůĂƚŝŽŶ ^ƚƌĞĂŵƐ;/ƐŽůĂƚĞĚ ^ŝŶŐůĞ^ƉĞĐŝĞƐ WŽƉƵůĂƚŝŽŶƐͿ;ϱ ^ƚƌĞĂŵƐͿ :ƵĚŝƚŚZŝǀĞƌ ϱϰ͘ϱDŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐƚŽƌĞĚƵĐĞ ƌĂŝŶĂŐĞͲ ĞdžƚŝƌƉĂƚŝŽŶƌŝƐŬ͘džƉůŽƌĞŽƉƚŝŽŶƐƚŽůŝŵŝƚŶŽŶͲ tĞƐƚƐůŽƉĞ ŶĂƚŝǀĞƐŝŶŵŝdžĞĚƉŽƉƵůĂƚŝŽŶƐ͘ ƵƚƚŚƌŽĂƚdƌŽƵƚ 'ĞŶĞƚŝĐĂůůLJ ůƚĞƌĞĚ;ϭϬ ^ƚƌĞĂŵƐͿΘ DŝdžĞĚ WŽƉƵůĂƚŝŽŶ;ϭϬ ^ƚƌĞĂŵƐͿ :ƵĚŝƚŚZŝǀĞƌ ϯϬϰDŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ ƌĂŝŶĂŐĞͲƌŽŽŬ ŚĂƌǀĞƐƚǁŚĞƌĞƚŚĞLJƉŽƐĞŶŽƚŚƌĞĂƚƚŽ dƌŽƵƚ^ƚƌĞĂŵƐ ǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚƉŽƉƵůĂƚŝŽŶƐ͘ ĐŬůĞLJ>ĂŬĞ ϮϮϲĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ     ŚĂƌǀĞƐƚďLJĐŽŶƚŝŶƵĞĚƐƚŽĐŬŝŶŐ͘ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    



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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  dŝŐĞƌŵƵƐŬŝĞ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞͬ DĂŶĂŐĞƉŽƉƵůĂƚŝŽŶǀŝĂƐƚŽĐŬŝŶŐĂŶĚůŝŵŝƚĞĚ YƵĂůŝƚLJ ŚĂƌǀĞƐƚƚŽƐƵƉƉƌĞƐƐǁŚŝƚĞƐƵĐŬĞƌƉŽƉƵůĂƚŝŽŶ ĂŶĚƉƌŽǀŝĚĞĂƵŶŝƋƵĞƚƌŽƉŚLJŽƉƉŽƌƚƵŶŝƚLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tŽƌŬǁŝƚŚǁĂƚĞƌƵƐĞƌƐƚŽŵĂŝŶƚĂŝŶŵŝŶŝŵƵŵƉŽŽůĞůĞǀĂƚŝŽŶ͘ ĂƐƚ&ŽƌŬ ϵϬĂĐƌĞƐ zĞůůŽǁƉĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ ZĞƐĞƌǀŽŝƌ    ŚĂƌǀĞƐƚ͘       EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ      ŚĂƌǀĞƐƚ͘       >ĂƌŐĞŵŽƵƚŚďĂƐƐ ,ĂƚĐŚĞƌLJ 'ĞŶĞƌĂů ĞǀĞůŽƉƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ    ŚĂƌǀĞƐƚďLJƐƚŽĐŬŝŶŐ͘     ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ 'ĞŶĞƌĂů ĞǀĞůŽƉƌĞĐƌĞĂƚŝŽŶĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ ŚĂƌǀĞƐƚŝĨůŽǁůĞǀĞůƐŽĨǁŝůĚĨŝƐŚƉƌĞƐĞŶƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tŽƌŬǁŝƚŚŝƚLJŽĨ>ĞǁŝƐƚŽǁŶĂŶĚEZ^ƚŽĞdžƉůŽƌĞŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽƵƐĞƐƚŽƌĞĚǁĂƚĞƌƚŽŵĞĞƚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨŝŐ^ƉƌŝŶŐƌĞĞŬ ĚƵƌŝŶŐƚŝŵĞŽĨĚƌŽƵŐŚƚ͘ >ŽǁĞƌΘhƉƉĞƌ ϱϳĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌůĂƌŐĞƌƐŝnjĞĚ ĂƌƚĞƌWŽŶĚƐ   ĨŝƐŚĂŶĚĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚďLJĐŽŶƚŝŶƵĞĚ ƐƚŽĐŬŝŶŐ͘ ŝŐĂƐŝŶŽƌĞĞŬ ϭϲĂĐƌĞƐ zĞůůŽǁWĞƌĐŚ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ ŶĐŽƵƌĂŐĞŚĂƌǀĞƐƚƚŽĐŽŶƚƌŽůŶƵŵďĞƌƐ͘ ZĞƐĞƌǀŽŝƌ    ǀĂůƵĂƚĞƵƐŝŶŐĂƉƌĞĚĂƚŽƌƚŽŵĂŶĂŐĞŶƵŵďĞƌƐ͘     >ĂƌŐĞŵŽƵƚŚďĂƐƐ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ĞǀĞůŽƉƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ    ŚĂƌǀĞƐƚďLJƐƚŽĐŬŝŶŐ͘     ůĂĐŬĐƌĂƉƉŝĞ tŝůĚ 'ĞŶĞƌĂů ĞǀĞůŽƉƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ  ŚĂƌǀĞƐƚǀŝĂǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐ͘ ZŚŽĚĂ>ĂŬĞ ϯĂĐƌĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶŶĂƚŝǀĞƐƉĞĐŝĞƐ;ǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚ ŽƌƌĐƚŝĐŐƌĂLJůŝŶŐͿƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌ ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚďLJĐŽŶƚŝŶƵĞĚƐƚŽĐŬŝŶŐ͘



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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ŽǁƌĞĞŬͲ ϴŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů WƌŽƚĞĐƚŚĂďŝƚĂƚĂŶĚƉƌŽǀŝĚĞĨŝƐŚƉĂƐƐĂŐĞǁŚĞŶ ,ĞĂĚǁĂƚĞƌƐƚŽ ĂƉƉůŝĐĂďůĞ͘ ŽǁƌĞĞŬ ZĞƐĞƌǀŽŝƌ ŽǁƌĞĞŬ ϴϮĂĐƌĞƐ ƌŽŽŬƚƌŽƵƚ͕ tŝůĚͬ 'ĞŶĞƌĂůͬ ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƐĂŶĚƐƚŽĐŬ ZĞƐĞƌǀŽŝƌ zĞůůŽǁƉĞƌĐŚ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ǁŚĞŶŶĞĐĞƐƐĂƌLJ͘ ůĂĐŬĐƌĂƉƉŝĞ        dŝŐĞƌŵƵƐŬŝĞ ,ĂƚĐŚĞƌLJ YƵĂůŝƚLJ DĂŶĂŐĞƚŝŐĞƌŵƵƐŬŝĞĨŽƌƚƌŽƉŚLJĨŝƐŚĞƌLJ;ĨŝƐŚх    ϰϬŝŶĐŚĞƐͿ͘     ŚĂŶŶĞůĐĂƚĨŝƐŚ tŝůĚͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ǀĂůƵĂƚĞĐŚĂŶŶĞůĐĂƚĨŝƐŚƉŽƉƵůĂƚŝŽŶĂŶĚ  ,ĂƚĐŚĞƌLJ  ƐƵƉƉůĞŵĞŶƚǁŝƚŚƐƚŽĐŬŝŶŐĂƐŶĞĞĚĞĚ͘     tĂůůĞLJĞ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ^ƚŽĐŬϱ͕ϬϬϬǁĂůůĞLJĞĨŝŶŐĞƌůŝŶŐŽŶĂůƚĞƌŶĂƚĞ LJĞĂƌƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tŽƌŬǁŝƚŚ^ĂŶĚƌĞĞŬZĂŶĐŚƚŽƌĞƉĂŝƌĚĂŵĂŶĚŝŵƉůĞŵĞŶƚƌĞƐĞƌǀŽŝƌŽƉĞƌĂƚŝŽŶƐƉůĂŶƚŚĂƚďĞŶĞĨŝƚƐĨŝƐŚƉƌŽĚƵĐƚŝŽŶ͘DĂŝŶƚĂŝŶ ŝŶƐƚƌĞĂŵĨůŽǁŽĨϰ͘ϱĐĨƐŝŶŽǁƌĞĞŬĂďŽǀĞƌĞƐĞƌǀŽŝƌƚŽƉƌŽƚĞĐƚĨŝƐŚŚĂďŝƚĂƚ͘ ŽǁƌĞĞŬͲ ϰϲŵŝůĞƐ EĂƚŝǀĞŶŽŶͲŐĂŵĞĨŝƐŚĞƐ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ WƌŽƚĞĐƚŚĂďŝƚĂƚĂŶĚƉƌŽǀŝĚĞĨŝƐŚƉĂƐƐĂŐĞǁŚĞŶ ŽǁƌĞĞŬ ĂƉƉůŝĐĂďůĞ͘ ZĞƐĞƌǀŽŝƌ dĂŝůǁĂƚĞƌƐƚŽ ŽŶĨůƵĞŶĐĞǁŝƚŚ DŝƐƐŽƵƌŝZŝǀĞƌ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ĚĞŶƚŝĨLJŚĂďŝƚĂƚŝƐƐƵĞƐĂŶĚǁŽƌŬĐůŽƐĞůLJǁŝƚŚůŽĐĂůĐŽŶƐĞƌǀĂƚŝŽŶĚŝƐƚƌŝĐƚƐ͕ĐŽƵŶƚLJƌŽĂĚĐƌĞǁƐ͕ĂŶĚůĂŶĚŽǁŶĞƌƐƚŽŝŵƉůĞŵĞŶƚƐĂĨĞ ǁĂƚĞƌĐƌŽƐƐŝŶŐƐǁŚŝĐŚĞŵƉŚĂƐŝƐĨŝƐŚƉĂƐƐĂŐĞĂŶĚǁĂƚĞƌĐŽŶŶĞĐƚŝǀŝƚLJ͘ ůŬƐŽƵŶƚƌLJůƵď ϭĐƌĞ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ &ĂŵŝůLJ&ŝƐŚŝŶŐtĂƚĞƌ DĂŝŶƚĂŝŶĂƐĂŚŝůĚƌĞŶ͛Ɛ&ŝƐŚŝŶŐtĂƚĞƌ͘ WŽŶĚ >ŽǁĞƌ&ƌŽŐWŽŶĚ ϭ͘ϮĐƌĞ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ &ĂŵŝůLJ&ŝƐŚŝŶŐtĂƚĞƌ DĂŝŶƚĂŝŶĂƐĂŶƵƌďĂŶĨŝƐŚĞƌLJ͘ hƉƉĞƌ&ƌŽŐWŽŶĚ ϭ͘ϮĐƌĞ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ &ĂŵŝůLJ&ŝƐŚŝŶŐtĂƚĞƌ DĂŝŶƚĂŝŶĂƐĂŶƵƌďĂŶĨŝƐŚĞƌLJ͘ 



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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ WƌŝǀĂƚĞΘWƵďůŝĐ Ͳ dƌŽƵƚ͕ ,ĂƚĐŚĞƌLJͬtŝůĚ WƵƚĂŶĚdĂŬĞͬ'ĞŶĞƌĂů DĂŝŶƚĂŝŶĞdžŝƐƚŝŶŐƉŽŶĚĨŝƐŚĞƌŝĞƐĂǀĂŝůĂďůĞƚŽ WŽŶĚƐ tĂƌŵǁĂƚĞƌƐƉĞĐŝĞƐ ƚŚĞƉƵďůŝĐĨŽƌŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ŶŚĂŶĐĞƐƚƌƵĐƚƵƌĞŝŶƉŽŶĚƐǁŚĞŶƉŽƐƐŝďůĞ͘ 



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305 &/^,Z/^DE'DEd/Zd/KE&KZd,DZ/^Z/sZZ/E'  tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ^Ž͘&ŽƌŬdǁŽ ϭϱ͘ϱŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ DĞĚŝĐŝŶĞZŝǀĞƌʹ    ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘WƌŽŵŽƚĞŚĂƌǀĞƐƚ͘ ,ĞĂĚǁĂƚĞƌƐƚŽ     ůĂĐŬĨĞĞƚ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƚŽƌĞĚƵĐĞĞdžƚŝŶĐƚŝŽŶƌŝƐŬ͘ ZĞƐĞƌǀĂƚŝŽŶ ŚLJďƌŝĚƐ   DĂŶĂŐĞƚŽƉƌĞǀĞŶƚĂĚĚŝƚŝŽŶĂůŚLJďƌŝĚŝnjĂƚŝŽŶ͘ ŽƵŶĚĂƌLJ     DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭϲĐĨƐ͘ǀĂůƵĂƚĞƐŝƚĞƐĨŽƌĂŵĂũŽƌďĂƌƌŝĞƌ͘ ŝƌĐŚƌĞĞŬʹ ϰϯŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ^ǁŝĨƚZĞƐĞƌǀŽŝƌ ZĂŝŶďŽǁƚƌŽƵƚ͕   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ƚŽ,ŝŐŚǁĂLJϯϱϴ ƵƌďŽƚ͕ tĂůůĞLJĞ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϲϰĐĨƐ͘ ^ŽƵƚŚ&ŽƌŬ ϴ͘ϴŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ƵƉƵLJĞƌƌĞĞŬ    ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘     tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐƚŽƌĞĚƵĐĞ ĞdžƚŝŶĐƚŝŽŶƌŝƐŬ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϲĐĨƐ͘ EŽƌƚŚ&ŽƌŬ ϭϬ͘ϱŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ƵƉƵLJĞƌƌĞĞŬ    ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘     tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƚŽƌĞĚƵĐĞ ĞdžƚŝŶĐƚŝŽŶƌŝƐŬ͘DŽŶŝƚŽƌƚŽĞŶƐƵƌĞŚLJďƌŝĚƐĚŽ ŶŽƚĂƐĐĞŶĚďĂƌƌŝĞƌĂƚŚŝŐŚŵĂŐŶŝƚƵĚĞĨůŽǁƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭϮĐĨƐ͘ǀĂůƵĂƚĞƉŽƐƐŝďůĞŵŽĚŝĨŝĐĂƚŝŽŶŽĨďĂƌƌŝĞƌƚŽŵĂŝŶƚĂŝŶŝƐŽůĂƚŝŽŶĂƚĂůůĨůŽǁƐ͘ ƵƉƵLJĞƌƌĞĞŬ ϯϳ͘ϰŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ  ZĂŝŶďŽǁƚƌŽƵƚ   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘      ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    

306 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭϮĐĨƐ͘ ^ŽƵƚŚĂĚŐĞƌ ϭϬ͘ϵŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ƌĞĞŬ ZĂŝŶďŽǁƚƌŽƵƚ   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘WƌĞǀĞŶƚĐŽŵƉĞƚŝƚŝŽŶŽƌ    ŚLJďƌŝĚŝnjĂƚŝŽŶǁŝƚŚtd͘     tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƚŽƌĞĚƵĐĞĞdžƚŝŶĐƚŝŽŶƌŝƐŬ͘  DŽŶŝƚŽƌƚŽĞŶƐƵƌĞŶŽŶŶĂƚŝǀĞƐĚŽŶŽƚĂƐĐĞŶĚ ďĂƌƌŝĞƌĂƚŚŝŐŚŵĂŐŶŝƚƵĚĞĨůŽǁƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϰϬĐĨƐ͘ EŽƌƚŚĂĚŐĞƌ ϮϬŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƚŽƌĞĚƵĐĞĞdžƚŝŶĐƚŝŽŶƌŝƐŬ͘ ƌĞĞŬ  DŽŶŝƚŽƌƚŽĞŶƐƵƌĞŶŽŶŶĂƚŝǀĞƐĂƌĞŶŽƚŝůůĞŐĂůůLJ ŝŶƚƌŽĚƵĐĞĚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϭϰĐĨƐ͘ ĂĚŐĞƌƌĞĞŬͲ ϲ͘ϱŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ĨƌŽŵŽŶĨůƵĞŶĐĞ ZĂŝŶďŽǁƚƌŽƵƚ͕   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ŽĨEŽƌƚŚĂŶĚ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ    ^ŽƵƚŚĂĚŐĞƌ ŚLJďƌŝĚƐ ƌĞĞŬƐƚŽ ůĂĐŬĨĞĞƚ ZĞƐĞƌǀĂƚŝŽŶ ŽƵŶĚĂƌLJ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϲϬĐĨƐ͘ ƵƚĂŶŬƌĞĞŬʹ ϭϵŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ &ƌŽŵƚŚĞ ƌŽǁŶƚƌŽƵƚ   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ůĂĐŬĨĞĞƚ     ZĞƐĞƌǀĂƚŝŽŶ DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ ŽƵŶĚĂƌLJƚŽƚŚĞ ƵƌďŽƚ;EͿ͕ DŽƵƚŚ tĂůůĞLJĞ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϳϱĐĨƐ͘  

307 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ƌŽŽŬƚƌŽƵƚ  ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĨŽƌĂĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ^ƚƌĞĂŵƐŝŶdǁŽ ϮϰϬŵŝůĞƐ DĞĚŝĐŝŶĞZŝǀĞƌ ĂƐŝŶ ^ǁŝĨƚZĞƐĞƌǀŽŝƌ ϰϱϬĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂƌŐŝŶĂůĨŝƐŚĞƌLJǁŝƚŚůŽǁĨŝƐŚŝŶŐƉƌĞƐƐƵƌĞ ĂŶĚƐƉůŝƚũƵƌŝƐĚŝĐƚŝŽŶǁŝƚŚƚŚĞůĂĐŬĨĞĞƚ ZĞƐĞƌǀĂƚŝŽŶ͘DĂŝŶƚĂŝŶǁŝůĚƉŽƉƵůĂƚŝŽŶĨŽƌĂ ƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚƐŽŵĞĐŽŶƐƵŵƉƚŝǀĞ ŚĂƌǀĞƐƚ͘ DĂƌŝĂƐZŝǀĞƌʹ ϲϬŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ ŽŶĨůƵĞŶĐĞŽĨ EŽƌƚŚĞƌŶƉŝŬĞ   ŚĂƌǀĞƐƚ͘ dǁŽDĞĚŝĐŝŶĞ     ZŝǀĞƌΘƵƚďĂŶŬ DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ ƌĞĞŬƚŽƚŚĞ     ,ĞĂĚǁĂƚĞƌƐŽĨ     dŝďĞƌZĞƐĞƌǀŽŝƌ ƵƌďŽƚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘     tĂůůĞLJĞ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĨŽƌĐŽŶƐƵŵƉƚŝǀĞ    ŚĂƌǀĞƐƚĂŶĚŵĂŝŶƚĂŝŶĂĐĐĞƐƐĨŽƌĂĚĨůƵǀŝĂů    ƐƉĂǁŶŝŶŐƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘     zĞůůŽǁƉĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐǁŝƚŚ ƐŽŵĞĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϮϬϬĐĨƐ͘ dŝďĞƌZĞƐĞƌǀŽŝƌ ϭϰ͕ϴϰϮĂĐƌĞƐ tĂůůĞLJĞ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĨŽƌĂĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚǁŝƚŚĂŶ ;>ĂŬĞůǁĞůůͿ    ŽƉƉŽƌƚƵŶŝƚLJĨŽƌĂƚƌŽƉŚLJĨŝƐŚ͘DĂŶĂŐĞďĂƐĞĚŽŶ     ƚŚĞďŝŽůŽŐLJŽĨƚŚĞĨŝƐŚĞƌLJ͘ŵƉŚĂƐŝnjĞŶĂƚƵƌĂů     ƌĞĐƌƵŝƚŵĞŶƚ͘       zĞůůŽǁWĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐĂŶĚ     ƉƌŽǀŝĚĞĂŵĂũŽƌĐŽŵƉŽŶĞŶƚŽĨƚŚĞĨŽƌĂŐĞďĂƐĞ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    ĂŶĚĐŽŶƚƌŝďƵƚĞƚŽƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͘

308 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  ŝƐĐŽ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐĂŶĚ     ƉƌŽǀŝĚĞĂŵĂũŽƌĐŽŵƉŽŶĞŶƚŽĨƚŚĞĨŽƌĂŐĞďĂƐĞ      ĨŽƌůĂƌŐĞƉƌĞĚĂƚŽƌLJƐƉĞĐŝĞƐŝŶdŝďĞƌ͘  >ĂŬĞƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĨŽƌĂĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘        EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĨŽƌĂĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚǁŝƚŚƚŚĞ     ƉŽƚĞŶƚŝĂůĨŽƌĂƚƌŽƉŚLJĨŝƐŚ͘       ƵƌďŽƚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĨŽƌĂĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘      ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂŶŽĐĐĂƐŝŽŶĂůƐƉĞĐŝĞƐĂǀĂŝůĂďůĞĨŽƌĂ    ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘     ^ŚŽǀĞůŶŽƐĞƐƚƵƌŐĞŽŶ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĞdžŝƐƚŝŶŐƐŵĂůůƉŽƉƵůĂƚŝŽŶƉƌĞƐĞŶƚ͘ ŽŶƐŝĚĞƌƉŽƚĞŶƚŝĂůĨŽƌƌĞĞƐƚĂďůŝƐŚŝŶŐĂůĂƌŐĞƌ ƉŽƉƵůĂƚŝŽŶ͘ DĂƌŝĂƐZŝǀĞƌʹ ϮϭŵŝůĞƐ ƌŽǁŶƚƌŽƵƚ͕ tŝůĚͬ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚƐŽŵĞ dŝďĞƌĂŵƚŽ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ  ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ,ŝŐŚǁĂLJϮϮϯ     ;ŝƌĐůĞƌŝĚŐĞͿ DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘     ƵƌďŽƚ;EͿ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ tĂůůĞLJĞ͕   EŽƌƚŚĞƌŶƉŝŬĞ  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϱϬϬĐĨƐ͘ >ĂŬĞ&ƌĂŶĐĞƐ ϯ͕ϲϭϴĂĐƌĞƐ tĂůůĞLJĞ ,ĂƚĐŚĞƌLJͬ 'ĞŶĞƌĂů DĂŶĂŐĞĨŽƌĂĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚďĂƐĞĚŽŶ   tŝůĚ  ďŝŽůŽŐLJŽĨƚŚĞĨŝƐŚĞƌLJ͘ŽŶƚŝŶƵĞƚŽĞǀĂůƵĂƚĞƚŚĞ     ĐŽŶƚƌŝďƵƚŝŽŶŽĨďŝĞŶŶŝĂůǁĂůůĞLJĞƉůĂŶƚƐĂŶĚ     ĂĚũƵƐƚŝĨŶĞĐĞƐƐĂƌLJƚŽŵĂŝŶƚĂŝŶĂďĂůĂŶĐĞǁŝƚŚ     ƚŚĞĨŽƌĂŐĞďĂƐĞ͘           ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ

309 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ EŽƌƚŚĞƌŶƉŝŬĞ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĨŽƌĂĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ƵƌďŽƚ;EͿ           DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐƚŽ zĞůůŽǁƉĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů ƉƌŽǀŝĚĞĂŵĂũŽƌĐŽŵƉŽŶĞŶƚŽĨƚŚĞĨŽƌĂŐĞďĂƐĞ    ĂŶĚĐŽŶƚƌŝďƵƚĞƚŽƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͘WƌŽŚŝďŝƚ    ĂƐĂƐƉĞĐŝĞƐŝŶĂŶLJĨŝƐŚŝŶŐĐŽŶƚĞƐƚƚŽŽƉƚŝŵŝnjĞ    ĨŽƌĂŐĞƌĞƉƌŽĚƵĐƚŝǀĞƉŽƚĞŶƚŝĂů͘        DĂŶĂŐĞĂƐĂŶŽĐĐĂƐŝŽŶĂůƐƉĞĐŝĞƐĂǀĂŝůĂďůĞĨŽƌĂ ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŶĂŐĞĨŽƌĂŐĞďĂƐĞƵƐŝŶŐƚŚĞĨŽƌĂŐĞƐƉĞĐŝĞƐĐƵƌƌĞŶƚůLJƉƌĞƐĞŶƚ͘ DĂƌŝĂƐZŝǀĞƌʹ ϱϳŵŝůĞƐ ^ĂƵŐĞƌ;EͿ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ DĂŝŶƚĂŝŶĂŶĚĞŶŚĂŶĐĞƚŚĞƉŽƉƵůĂƚŝŽŶǁŚŝůĞ ,ŝŐŚǁĂLJϮϮϯ    ŵĂŝŶƚĂŝŶŝŶŐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚƐŽŵĞ ;ŝƌĐůĞƌŝĚŐĞͿƚŽ    ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ DŽƵƚŚ      DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘       ^ŚŽǀĞůŶŽƐĞƐƚƵƌŐĞŽŶ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƐƉĂǁŶŝŶŐƌƵŶƉŽƉƵůĂƚŝŽŶǁŝƚŚŝŶ     ŚŝƐƚŽƌŝĐůĞǀĞůƐ͘     tĂůůĞLJĞ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶƉŽƉƵůĂƚŝŽŶǁŝƚŚŝŶŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ    ƵƌďŽƚ;EͿ͕    ƌŽǁŶƚƌŽƵƚ        ^ŵĂůůŵŽƵƚŚďĂƐƐ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĞdžŝƐƚŝŶŐƉŽƉƵůĂƚŝŽŶůĞǀĞůƐŝĨŶŽ ŽďƐĞƌǀĞĚŝŵƉĂĐƚƐƚŽŶĂƚŝǀĞƐƉĞĐŝĞƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚŝŶƐƚƌĞĂŵĨůŽǁƐŽĨϱϲϬĐĨƐ͘  

310 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ tĞƐƚƐůŽƉĞ ϰϭŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐƚŽƌĞĚƵĐĞ ƵƚƚŚƌŽĂƚdƌŽƵƚ ĞdžƚŝŶĐƚŝŽŶƌŝƐŬ͘ 'ĞŶĞƚŝĐĂůůLJ hŶĂůƚĞƌĞĚ ŽŶƐĞƌǀĂƚŝŽŶ WŽƉƵůĂƚŝŽŶ ^ƚƌĞĂŵƐ;/ƐŽůĂƚĞĚ ^ŝŶŐůĞ^ƉĞĐŝĞƐ WŽƉƵůĂƚŝŽŶƐͿ;ϭϮ ^ƚƌĞĂŵƐͿ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶŽƌŝŵƉƌŽǀĞŚĂďŝƚĂƚĂŶĚĞdžƉůŽƌĞƐƵŝƚĂďůĞƐŝƚĞƐĨŽƌďĂƌƌŝĞƌƐŽƌƌĞĚƵĐŝŶŐĨƌĂŐŵĞŶƚĂƚŝŽŶŽĨǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ ŽĐĐƵƉŝĞĚŚĂďŝƚĂƚ͘  tĞƐƚƐůŽƉĞ ϯϮ͘ϵŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚΘ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶŽƌĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐ͘ůůŽǁŚĂƌǀĞƐƚ ƵƚƚŚƌŽĂƚdƌŽƵƚ ŚLJďƌŝĚƐ;DŝdžĞĚƉŽƉƵůĂƚŝŽŶƐͿ ŝŶƌŽďƵƐƚƉŽƉƵůĂƚŝŽŶƐ͘ 'ĞŶĞƚŝĐĂůůLJ ůƚĞƌĞĚ ŽŶƐĞƌǀĂƚŝŽŶ WŽƉƵůĂƚŝŽŶ ^ƚƌĞĂŵƐ;ϭϭ ^ƚƌĞĂŵƐͿ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŶĂŐĞĨŽƌĂŐĞďĂƐĞƵƐŝŶŐƚŚĞĨŽƌĂŐĞƐƉĞĐŝĞƐĐƵƌƌĞŶƚůLJƉƌĞƐĞŶƚ͘ 

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325 tĂƚĞƌ DŝůĞƐͬĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ĞĂǀĞƌƌĞĞŬ ϴŵŝůĞƐ ƌŽǁŶƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ^ƚŽĐŬϮ͕ϬϬϬďƌŽǁŶƚƌŽƵƚĂŶŶƵĂůůLJĨŽƌƉƵƚĂŶĚ ^ĞĐƚŝŽŶϬϮͲ    ƚĂŬĞƚƌŽƵƚĨŝƐŚĞƌLJ͘ ĞĂǀĞƌƌĞĞŬ     ZĞƐĞƌǀŽŝƌ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů ĞǀĞůŽƉĂŶĚŝŵƉůĞŵĞŶƚĂƐƚĂŶĚĂƌĚŝnjĞĚ ŚĞĂĚǁĂƚĞƌƐƚŽ ƌŽŽŬƚƌŽƵƚ͕ ƐĂŵƉůŝŶŐƉƌŽŐƌĂŵƚŽƵŶĚĞƌƐƚĂŶĚĨŝƐŚ ĞĂƌWĂǁ>ĂŬĞ tĂůůĞLJĞ͕ ĂƐƐĞŵďůĂŐĞĂŶĚƉŽƉƵůĂƚŝŽŶƐŝnjĞ͘ ƚĂŝůǁĂƚĞƌƐ͘ EŽƌƚŚĞƌŶƉŝŬĞ͕  zĞůůŽǁƉĞƌĐŚ͕  ^ŵĂůůŵŽƵƚŚďĂƐƐ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tŽƌŬǁŝƚŚĞĂǀĞƌƌĞĞŬŽƵŶƚLJWĂƌŬƐƚŽŝŵƉůĞŵĞŶƚďĞƐƚŵĂŶĂŐĞŵĞŶƚƉƌĂĐƚŝĐĞƐƚŚĂƚŝŵƉƌŽǀĞŽƌŵĂŝŶƚĂŝŶŶĂƚƵƌĂůƌŝǀĞƌŝŶĞĂŶĚ ƌŝƉĂƌŝĂŶŚĂďŝƚĂƚƐ͘ ĞĂƌWĂǁ>ĂŬĞ ϰϱĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ^ƚŽĐŬϮϬ͕ϬϬϬƌĂŝŶďŽǁƚƌŽƵƚĂŶŶƵĂůůLJĨŽƌƉƵƚ    ĂŶĚƚĂŬĞƚƌŽƵƚĨŝƐŚĞƌLJ͘     ƌŽŽŬƚƌŽƵƚ͕ tŝůĚͬ,ĂƚĐŚĞƌLJ 'ĞŶĞƌĂůͬ DĂŶĂŐĞĨŽƌƐĞůĨͲƐƵƐƚĂŝŶŝŶŐďƌŽŽŬƚƌŽƵƚĂŶĚ ^ŵĂůůŵŽƵƚŚďĂƐƐ  ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ ƐŵĂůůŵŽƵƚŚďĂƐƐƉŽƉƵůĂƚŝŽŶ͘     tŚŝƚĞƐƵĐŬĞƌ tŝůĚ ^ƵƉƉƌĞƐƐŝŽŶ ŽŶƚŝŶƵĞĂŶŶƵĂůĞĨĨŽƌƚƐƚŽƚƌĂƉĂŶĚƌĞŵŽǀĞ ĂĚƵůƚǁŚŝƚĞƐƵĐŬĞƌƐƚŽůŽǁĞƌĚĞŶƐŝƚŝĞƐ͘ ĞĂǀĞƌƌĞĞŬ ϮϮŵŝůĞƐ ƌŽǁŶƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ^ƚŽĐŬϯ͕ϬϬϬďƌŽǁŶƚƌŽƵƚĂŶŶƵĂůůLJĨŽƌƉƵƚĂŶĚ ^ĞĐƚŝŽŶϬϭͲ    ƚĂŬĞƚƌŽƵƚĨŝƐŚĞƌLJ͘ ŽŶĨůƵĞŶĐĞŽĨ     DŝůŬZŝǀĞƌƚŽ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů ĞǀĞůŽƉĂŶĚŝŵƉůĞŵĞŶƚĂƐƚĂŶĚĂƌĚŝnjĞĚ ĞĂǀĞƌƌĞĞŬ ƌŽŽŬƚƌŽƵƚ͕ ƐĂŵƉůŝŶŐƉƌŽŐƌĂŵƚŽƵŶĚĞƌƐƚĂŶĚĨŝƐŚ ZĞƐĞƌǀŽŝƌ tĂůůĞLJĞ͕ ĂƐƐĞŵďůĂŐĞĂŶĚƉŽƉƵůĂƚŝŽŶƐŝnjĞ͘ ƚĂŝůǁĂƚĞƌƐ͘ EŽƌƚŚĞƌŶWŝŬĞ͕ zĞůůŽǁWĞƌĐŚ͕ ^ŵĂůůŵŽƵƚŚďĂƐƐ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tŽƌŬǁŝƚŚůŽĐĂů͕ƐƚĂƚĞ͕ĂŶĚĨĞĚĞƌĂůĂŐĞŶĐŝĞƐĂůŽŶŐǁŝƚŚůĂŶĚŽǁŶĞƌƐƚŽŝŵƉůĞŵĞŶƚďĞƐƚŵĂŶĂŐĞŵĞŶƚƉƌĂĐƚŝĐĞƐƚŚĂƚŝŵƉƌŽǀĞŽƌ ŵĂŝŶƚĂŝŶŶĂƚƵƌĂůƌŝǀĞƌŝŶĞŚĂďŝƚĂƚƐ͘ 

326 tĂƚĞƌ DŝůĞƐͬĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ĞĂǀĞƌƌĞĞŬ ϭϲϬĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞͬ ^ƚŽĐŬϱϬ͕ϬϬϬƌĂŝŶďŽǁƚƌŽƵƚĂŶŶƵĂůůLJĨŽƌƉƵƚ ZĞƐĞƌǀŽŝƌ tĂůůĞLJĞ  ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ ĂŶĚƚĂŬĞƚƌŽƵƚĨŝƐŚĞƌLJ͘ǀĂůƵĂƚĞĐƵƌƌĞŶƚ     ǁĂůůĞLJĞƐƚŽĐŬŝŶŐƉƌŽŐƌĂŵƐƐƵĐĐĞƐƐ͘     /ŵƉůĞŵĞŶƚĂǁĂůůĞLJĞƐƚŽĐŬŝŶŐƐƚƌĂƚĞŐLJƚŚĂƚ     ŽƉƚŝŵŝnjĞƐƐƚŽĐŬĞĚǁĂůůĞLJĞƌĞĐƌƵŝƚŵĞŶƚĂŶĚ     ƌĞůĂƚŝǀĞĂďƵŶĚĂŶĐĞǁŚŝůĞŵĂŝŶƚĂŝŶĂŐŽŽĚ     ĨŽƌĂŐĞďĂƐĞ͘       EŽƌƚŚĞƌŶƉŝŬĞ͕ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƚŚĞƐĞƉŽƉƵůĂƚŝŽŶƐĂƐǁĞůů zĞůůŽǁƉĞƌĐŚ͕ ĂƐĞǀĂůƵĂƚĞƚŚĞďŝŽůŽŐŝĐĂůĂŶĚƐŽĐŝĂůŝŵƉĂĐƚƐ ^ŵĂůůŵŽƵƚŚďĂƐƐ͕ ƌĞŐĂƌĚŝŶŐĂďůĂĐŬĐƌĂƉƉŝĞŝŶƚƌŽĚƵĐƚŝŽŶŝŶƚŽ ƌŽŽŬƚƌŽƵƚ ƚŚĞƌĞƐĞƌǀŽŝƌ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗&tWŚĂƐƌĞƋƵĞƐƚĞĚƚŚĂƚƌĞƐĞƌǀŽŝƌǁĂƚĞƌůĞǀĞůƐƌĞŵĂŝŶƐƚĂďůĞƚŽƐůŝŐŚƚůLJŝŶĐƌĞĂƐŝŶŐĚƵƌŝŶŐƚŚĞƐƉƌŝŶŐƐƉĂǁŶŝŶŐƉĞƌŝŽĚ;ƉƌŝůͲDĂLJͿ͘ ůĞĂƌƌĞĞŬ ϰϬŵŝůĞƐ tĂůůĞLJĞ͕ tŝůĚ 'ĞŶĞƌĂů ĞƚƚĞƌƵŶĚĞƌƐƚĂŶĚĨŝƐŚĂƐƐĞŵďůĂŐĞĂŶĚ EŽƌƚŚĞƌŶƉŝŬĞ͕   ƉŽƉƵůĂƚŝŽŶƐŝnjĞŽĨŐĂŵĞĨŝƐŚĞƐ͘ zĞůůŽǁƉĞƌĐŚ͕    ^ĂƵŐĞƌ;EͿ        EĂƚŝǀĞŶŽŶͲŐĂŵĞĨŝƐŚĞƐ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ WƌŽƚĞĐƚŚĂďŝƚĂƚĂŶĚƉƌŽǀŝĚĞƉĂƐƐĂŐĞǁŚĞƌĞ    ĂƉƉůŝĐĂďůĞ͘     ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĨŽƌƐĞůĨͲƐƵƐƚĂŝŶŝŶŐďƌŽŽŬƚƌŽƵƚ ĨŝƐŚĞƌLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ĚĞŶƚŝĨLJŚĂďŝƚĂƚŝƐƐƵĞƐĂŶĚǁŽƌŬĐůŽƐĞůLJǁŝƚŚůŽĐĂůĐŽŶƐĞƌǀĂƚŝŽŶĚŝƐƚƌŝĐƚƐ͕ĐŽƵŶƚLJƌŽĂĚĐƌĞǁƐ͕ĂŶĚůĂŶĚŽǁŶĞƌƐƚŽŝŵƉůĞŵĞŶƚƐĂĨĞ ǁĂƚĞƌĐƌŽƐƐŝŶŐƐǁŚŝĐŚĞŵƉŚĂƐŝƐĨŝƐŚƉĂƐƐĂŐĞĂŶĚǁĂƚĞƌĐŽŶŶĞĐƚŝǀŝƚLJ͘ >ŽĚŐĞƌĞĞŬ͕ ϲϮŵŝůĞƐ͕ tĂůůĞLJĞ͕ tŝůĚ 'ĞŶĞƌĂů ĞƚƚĞƌƵŶĚĞƌƐƚĂŶĚĨŝƐŚĂƐƐĞŵďůĂŐĞĂŶĚ ĂƚƚůĞƌĞĞŬ ϳϬŵŝůĞƐ EŽƌƚŚĞƌŶƉŝŬĞ͕   ƉŽƉƵůĂƚŝŽŶƐŝnjĞŽĨŐĂŵĞĨŝƐŚĞƐ͘  ůĂĐŬďƵůůŚĞĂĚ͕     ^ĂƵŐĞƌ;EͿ͕     zĞůůŽǁWĞƌĐŚ         ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ   

327 tĂƚĞƌ DŝůĞƐͬĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  EĂƚŝǀĞŶŽŶͲŐĂŵĞĨŝƐŚĞƐ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ WƌŽƚĞĐƚŚĂďŝƚĂƚĂŶĚƉƌŽǀŝĚĞƉĂƐƐĂŐĞǁŚĞƌĞ ĂƉƉůŝĐĂďůĞ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ĚĞŶƚŝĨLJŚĂďŝƚĂƚŝƐƐƵĞƐĂŶĚǁŽƌŬĐůŽƐĞůLJǁŝƚŚůŽĐĂůĐŽŶƐĞƌǀĂƚŝŽŶĚŝƐƚƌŝĐƚƐ͕ĐŽƵŶƚLJƌŽĂĚĐƌĞǁƐ͕ĂŶĚůĂŶĚŽǁŶĞƌƐƚŽŝŶƐƚĂůůƐĂĨĞǁĂƚĞƌ ĐƌŽƐƐŝŶŐƐǁŚŝĐŚĞŵƉŚĂƐŝnjĞĨŝƐŚƉĂƐƐĂŐĞĂŶĚǁĂƚĞƌĐŽŶŶĞĐƚŝǀŝƚLJ͘ WĞŽƉůĞƐƌĞĞŬ ϳϬŵŝůĞƐ tĂůůĞLJĞ͕ tŝůĚ 'ĞŶĞƌĂů ĞƚƚĞƌƵŶĚĞƌƐƚĂŶĚĨŝƐŚĂƐƐĞŵďůĂŐĞĂŶĚ  EŽƌƚŚĞƌŶƉŝŬĞ͕   ƉŽƉƵůĂƚŝŽŶƐŝnjĞŽĨŐĂŵĞĨŝƐŚĞƐ͘  ůĂĐŬďƵůůŚĞĂĚ͕     zĞůůŽǁƉĞƌĐŚ        EĂƚŝǀĞŶŽŶͲŐĂŵĞĨŝƐŚĞƐ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ WƌŽƚĞĐƚŚĂďŝƚĂƚĂŶĚƉƌŽǀŝĚĞƉĂƐƐĂŐĞǁŚĞƌĞ    ĂƉƉůŝĐĂďůĞ͘     ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĨŽƌƐĞůĨͲƐƵƐƚĂŝŶŝŶŐďƌŽŽŬƚƌŽƵƚ ĨŝƐŚĞƌLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ĚĞŶƚŝĨLJŚĂďŝƚĂƚŝƐƐƵĞƐĂŶĚǁŽƌŬĐůŽƐĞůLJǁŝƚŚůŽĐĂůĐŽŶƐĞƌǀĂƚŝŽŶĚŝƐƚƌŝĐƚƐ͕ĐŽƵŶƚLJƌŽĂĚĐƌĞǁƐ͕ĂŶĚůĂŶĚŽǁŶĞƌƐƚŽŝŵƉůĞŵĞŶƚƐĂĨĞ ǁĂƚĞƌĐƌŽƐƐŝŶŐƐǁŚŝĐŚĞŵƉŚĂƐŝƐĨŝƐŚƉĂƐƐĂŐĞĂŶĚǁĂƚĞƌĐŽŶŶĞĐƚŝǀŝƚLJ͘ ƌLJ&ŽƌŬ ϯϱϬĂĐƌĞƐ tĂůůĞLJĞ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ^ƚŽĐŬϭϬ͕ϬϬϬǁĂůůĞLJĞĨŝŶŐĞƌůŝŶŐƐďŝĞŶŶŝĂůůLJ͘ ZĞƐĞƌǀŽŝƌ     EŽƌƚŚĞƌŶƉŝŬĞ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƋƵĂůŝƚLJĨŝƐŚŝŶŐĞdžƉĞƌŝĞŶĐĞĨŽƌĂůů zĞůůŽǁƉĞƌĐŚ͕ ƐƉĞĐŝĞƐ͘ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƚŚĞƉŽƉƵůĂƚŝŽŶ͘ ůĂĐŬĐƌĂƉƉŝĞ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗>ŽŽŬƚŽŵŝŶŝŵŝnjĞŝƌƌŝŐĂƚŝŽŶŝŵƉĂĐƚƐŽŶƉŽŽůĞůĞǀĂƚŝŽŶƐ͘ ZŽƐƐZĞƐĞƌǀŽŝƌ ϲĂĐƌĞƐ zĞůůŽǁƐƚŽŶĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJ &ĂďĞƌZĞƐĞƌǀŽŝƌ ϯϴĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŶĂŐĞĨŽƌƉƵƚĂŶĚƚĂŬĞƌĂŝŶďŽǁƚƌŽƵƚ ĨŝƐŚĞƌLJ͘'ĞƚĨĞĞĚďĂĐŬĨƌŽŵĂŶŐůĞƌƐŽŶ ƉŽƐƐŝďůLJŝŶƚƌŽĚƵĐŝŶŐďůĂĐŬĐƌĂƉƉŝĞ͘ ƌŽŽŬŝĞWŽŶĚ ϰĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŝŶƚĂŝŶĐƵƌƌĞŶƚŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶǁŝŶĚŵŝůůĂĞƌĂƚŽƌ͘ &ƌĞŶĐŚŵĂŶ ϳϴŵŝůĞƐ tĂůůĞLJĞ͕ tŝůĚ 'ĞŶĞƌĂů ĞƚƚĞƌƵŶĚĞƌƐƚĂŶĚĨŝƐŚĂƐƐĞŵďůĂŐĞĂŶĚ ƌĞĞŬ EŽƌƚŚĞƌŶƉŝŬĞ͕   ƉŽƉƵůĂƚŝŽŶƐŝnjĞŽĨŐĂŵĞĨŝƐŚĞƐ͘  ůĂĐŬďƵůůŚĞĂĚ͕    ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ zĞůůŽǁƉĞƌĐŚ   

328 tĂƚĞƌ DŝůĞƐͬĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  EĂƚŝǀĞŶŽŶͲŐĂŵĞĨŝƐŚĞƐ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ WƌŽƚĞĐƚŚĂďŝƚĂƚĂŶĚƉƌŽǀŝĚĞƉĂƐƐĂŐĞǁŚĞƌĞ   ĂƉƉůŝĐĂďůĞ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ĚĞŶƚŝĨLJŚĂďŝƚĂƚŝƐƐƵĞƐĂŶĚǁŽƌŬĐůŽƐĞůLJǁŝƚŚůŽĐĂůĐŽŶƐĞƌǀĂƚŝŽŶĚŝƐƚƌŝĐƚƐ͕ĐŽƵŶƚLJƌŽĂĚĐƌĞǁƐ͕ĂŶĚůĂŶĚŽǁŶĞƌƐƚŽŝŵƉůĞŵĞŶƚƐĂĨĞ ǁĂƚĞƌĐƌŽƐƐŝŶŐƐǁŚŝĐŚĞŵƉŚĂƐŝƐĨŝƐŚƉĂƐƐĂŐĞĂŶĚǁĂƚĞƌĐŽŶŶĞĐƚŝǀŝƚLJ͘ ĞĂǀĞƌƌĞĞŬ ϳϴŵŝůĞƐ tĂůůĞLJĞ͕ tŝůĚ 'ĞŶĞƌĂů ĞƚƚĞƌƵŶĚĞƌƐƚĂŶĚĨŝƐŚĂƐƐĞŵďůĂŐĞĂŶĚ ;WŚŝůůŝƉƐŽƵŶƚLJͿ EŽƌƚŚĞƌŶƉŝŬĞ͕   ƉŽƉƵůĂƚŝŽŶƐŝnjĞŽĨŐĂŵĞĨŝƐŚĞƐ͘ ůĂĐŬďƵůůŚĞĂĚ͕    zĞůůŽǁƉĞƌĐŚ        EĂƚŝǀĞŶŽŶͲŐĂŵĞĨŝƐŚĞƐ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ WƌŽƚĞĐƚŚĂďŝƚĂƚĂŶĚƉƌŽǀŝĚĞƉĂƐƐĂŐĞǁŚĞƌĞ    ĂƉƉůŝĐĂďůĞ͘     ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĨŽƌƐĞůĨͲƐƵƐƚĂŝŶŝŶŐďƌŽŽŬƚƌŽƵƚ ĨŝƐŚĞƌLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ĚĞŶƚŝĨLJŚĂďŝƚĂƚŝƐƐƵĞƐĂŶĚǁŽƌŬĐůŽƐĞůLJǁŝƚŚůŽĐĂůĐŽŶƐĞƌǀĂƚŝŽŶĚŝƐƚƌŝĐƚƐ͕ĐŽƵŶƚLJƌŽĂĚĐƌĞǁƐ͕ĂŶĚůĂŶĚŽǁŶĞƌƐƚŽŝŵƉůĞŵĞŶƚƐĂĨĞ ǁĂƚĞƌĐƌŽƐƐŝŶŐƐǁŚŝĐŚĞŵƉŚĂƐŝƐĨŝƐŚƉĂƐƐĂŐĞĂŶĚǁĂƚĞƌĐŽŶŶĞĐƚŝǀŝƚLJ͘ EĞůƐŽŶZĞƐĞƌǀŽŝƌ ϰ͕ϯϯϭĐƌĞƐ tĂůůĞLJĞ͕ tŝůĚͬ,ĂƚĐŚĞƌLJ 'ĞŶĞƌĂůͬ ǀĂůƵĂƚĞĐƵƌƌĞŶƚĐŽƐƚͬďĞŶĞĨŝƚƐŽĨǁĂůůĞLJĞ EŽƌƚŚĞƌŶƉŝŬĞ͕ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ƐƚŽĐŬŝŶŐƉƌŽŐƌĂŵĂƐŝƚƌĞůĂƚĞƐƚŽǁĂůůĞLJĞ zĞůůŽǁƉĞƌĐŚ͕ ĂďƵŶĚĂŶĐĞ͕ŐƌŽǁƚŚ͕ĂŶĚĐŽŶĚŝƚŝŽŶ͘DĂŶĂŐĞ ůĂĐŬĐƌĂƉƉŝĞ͕ ĨŽƌƐƵƐƚĂŝŶĂďůĞǁĂůůĞLJĞ͕ŶŽƌƚŚĞƌŶƉŝŬĞ͕ĂŶĚ >ĂŬĞǁŚŝƚĞĨŝƐŚ͕ LJĞůůŽǁƉĞƌĐŚĨŝƐŚĞƌLJLJĞĂƌͲƌŽƵŶĚ͘ǀĂůƵĂƚĞƚŚĞ ^ŵĂůůŵŽƵƚŚďĂƐƐ͕ ƌŝƐŝŶŐƐŵĂůůŵŽƵƚŚďĂƐƐĚĞŶƐŝƚŝĞƐĂŶĚŝƚƐ ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ ĞĨĨĞĐƚƐŽŶƚŚĞĞdžŝƐƚŝŶŐĨŝƐŚĐŽŵŵƵŶŝƚLJ͘ dƌŽƵƚWŽŶĚƐͲ sĂƌŝŽƵƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DŽŶŝƚŽƌǁĂƚĞƌĐŽŶĚŝƚŝŽŶƐĂŶĚŝŵƉĂĐƚƐĨƌŽŵ >ŽĐĂƚĞĚ ƌŽŽŬƚƌŽƵƚ ǁŝŶƚĞƌŬŝůů͘^ƚŽĐŬƚƌŽƵƚďĂƐĞĚŽŶĐƵƌƌĞŶƚϲͲLJĞĂƌ ƚŚƌŽƵŐŚŽƵƚ,ŝůů͕ ƐƚŽĐŬŝŶŐƉůĂŶ͘ ůĂŝŶĞ͕ĂŶĚ WŚŝůůŝƉƐŽƵŶƚŝĞƐ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tŽƌŬǁŝƚŚƵƌĞĂƵŽĨ>ĂŶĚDĂŶĂŐĞŵĞŶƚĂŶĚůĂŶĚŽǁŶĞƌƐƚŽŝŶĐƌĞĂƐĞƌŝƉĂƌŝĂŶŚĂďŝƚĂƚƐĂŶĚĂĞƐƚŚĞƚŝĐůĂŶĚƐĐĂƉĞƐƐƵƌƌŽƵŶĚŝŶŐƚŚĞ ƉŽŶĚƐ͘DĂŝŶƚĂŝŶǁŝŶĚŵŝůůĂĞƌĂƚŝŽŶƐLJƐƚĞŵƐŽŶƉŽŶĚƐǁŝƚŚŵĂƌŐŝŶĂůĚĞƉƚŚƐ͘ 

329 tĂƚĞƌ DŝůĞƐͬĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ tĂƌŵǁĂƚĞƌ sĂƌŝŽƵƐ >ĂƌŐĞŵŽƵƚŚďĂƐƐ͕ tŝůĚͬ,ĂƚĐŚĞƌLJͬ 'ĞŶĞƌĂůͬ DĂŶĂŐĞĂƐƐĞůĨͲƐƵƐƚĂŝŶŝŶŐĨŝƐŚĞƌŝĞƐ͘ ZĞƐĞƌǀŽŝƌƐĂŶĚ EŽƌƚŚĞƌŶƉŝŬĞ͕ dƌĂŶƐĨĞƌ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ^ƵƉƉůĞŵĞŶƚƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŚĂƚĐŚĞƌLJ WŽŶĚƐͲ>ŽĐĂƚĞĚ tĂůůĞLJĞ͕ ƐƚŽĐŬŝŶŐĂŶĚǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐĂƐŶĞĞĚĞĚ͘ ƚŚƌŽƵŐŚŽƵƚ,ŝůů͕ ^ŵĂůůŵŽƵƚŚďĂƐƐ͕ DŽŶŝƚŽƌǁĂƚĞƌĐŽŶĚŝƚŝŽŶƐĂŶĚŝŵƉĂĐƚƐĨƌŽŵ ůĂŝŶĞ͕ĂŶĚ ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ͕ ǁŝŶƚĞƌŬŝůů͘ WŚŝůůŝƉƐŽƵŶƚŝĞƐ ůĂĐŬĐƌĂƉƉŝĞ͕ zĞůůŽǁƉĞƌĐŚ͕ ůƵĞŐŝůů ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tŽƌŬǁŝƚŚƵƌĞĂƵŽĨ>ĂŶĚDĂŶĂŐĞŵĞŶƚĂŶĚůĂŶĚŽǁŶĞƌƐƚŽŝŶĐƌĞĂƐĞƌŝƉĂƌŝĂŶŚĂďŝƚĂƚƐĂŶĚĂĞƐƚŚĞƚŝĐůĂŶĚƐĐĂƉĞƐƐƵƌƌŽƵŶĚŝŶŐƚŚĞ ƉŽŶĚƐ͘DĂŝŶƚĂŝŶǁŝŶĚŵŝůůĂĞƌĂƚŝŽŶƐLJƐƚĞŵƐŽŶƉŽŶĚƐǁŝƚŚŵĂƌŐŝŶĂůĚĞƉƚŚƐ͘ 

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346 &/^,Z/^DE'DEd/Zd/KE&KZDh^^>^,>>Z/sZZ/E'  tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ EŽƌƚŚ&ŽƌŬ ϭϭŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ DƵƐƐĞůƐŚĞůůͲ ůĞǀĞůƐ͘ ,ĞĂĚǁĂƚĞƌƐƚŽ ĂŝƌZĞƐĞƌǀŽŝƌ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶĨůŽǁƐŽĨϯĐĨƐĨŽƌŚĂďŝƚĂƚ͘ ĂŝƌZĞƐĞƌǀŽŝƌ ϮϮϭĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ŽŶƚŝŶƵĞƐƚŽĐŬŝŶŐĂƚĐƵƌƌĞŶƚƌĂƚĞƐ͘   tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ            ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ  ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ EŽƌƚŚ&ŽƌŬ ϭϲ͘ϱŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ DƵƐƐĞůƐŚĞůůʹ    ůĞǀĞůƐ͘ ĂŝƌZĞƐĞƌǀŽŝƌƚŽ     ^ŽƵƚŚ&ŽƌŬ ƌŽǁŶƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů ǀĂůƵĂƚĞƉŽƉƵůĂƚŝŽŶĂŶĚƉŽƚĞŶƚŝĂůĨŽƌ    ƌĞƉƌŽĚƵĐƚŝŽŶĂŶĚŚĂƌǀĞƐƚ͘     tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů ,ĂƚĐŚĞƌLJĨŝƐŚĨƌŽŵĂŝƌZĞƐĞƌǀŽŝƌ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶĨůŽǁƐŽĨϭϲĐĨƐĨŽƌŚĂďŝƚĂƚ͘ ŚĞĐŬĞƌďŽĂƌĚ ϲ͘ϱŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂůůĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ ƌĞĞŬ ƌŽǁŶƚƌŽƵƚ͕   ůĞǀĞůƐ͘ ZĂŝŶďŽǁƚƌŽƵƚ  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶĨůŽǁƐŽĨϲĐĨƐĨŽƌŚĂďŝƚĂƚ͘ ^ƉƌŝŶŐƌĞĞŬ ϭϮŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ ůĞǀĞůƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶĨůŽǁƐŽĨϴĐĨƐĨŽƌŚĂďŝƚĂƚ͘ ^ŽƵƚŚ&ŽƌŬ ϯϬŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂůůĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ DƵƐƐĞůƐŚĞůůZŝǀĞƌ ƌŽǁŶƚƌŽƵƚ͕   ůĞǀĞůƐ͘  ZĂŝŶďŽǁƚƌŽƵƚ         ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ

347 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂƚŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶĨůŽǁƐŽĨϯϬĐĨƐĨŽƌŚĂďŝƚĂƚ͘ ůĂďĂƵŐŚƌĞĞŬ ϵŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂůůĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ ƌŽǁŶƚƌŽƵƚ͕  ůĞǀĞůƐ͘ ZĂŝŶďŽǁƚƌŽƵƚ  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶĨůŽǁƐŽĨϭϮĐĨƐĨŽƌŚĂďŝƚĂƚ͘ ŽƚƚŽŶǁŽŽĚ ϭϬ͘ϴŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ͕ tŝůĚ >ŝďĞƌĂůZĞŐƵůĂƚŝŽŶƐ DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ ƌĞĞŬ ƌŽǁŶƚƌŽƵƚ͕  ůĞǀĞůƐ͘ ZĂŝŶďŽǁƚƌŽƵƚ͕   tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ  ŚLJďƌŝĚƐ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶĨůŽǁƐŽĨϭϲĐĨƐĨŽƌŚĂďŝƚĂƚ͘DŽŶŝƚŽƌĨůŽǁĂŶĚĞŶƚƌĂŝŶŵĞŶƚĂƐƐŽĐŝĂƚĞĚǁŝƚŚ'ŽƌĚŽŶƵƚƚĞWƵŵƉ^ƚŽƌĂŐĞ&ĂĐŝůŝƚLJ ĚĞǀĞůŽƉŵĞŶƚ͘ DĂƌƚŝŶƐĚĂůĞ ϵϰϳĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ŽŶƚŝŶƵĞƐƚŽĐŬŝŶŐĂƚĐƵƌƌĞŶƚƌĂƚĞƐ͘ ZĞƐĞƌǀŽŝƌ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ        ƌŽǁŶƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂůůĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶĐŽŶŶĞĐƚŝǀŝƚLJǁŽƌŬƚŚƌŽƵŐŚƉƌŽŐƌĂŵƐƚŽŝŵƉƌŽǀĞƌŝƉĂƌŝĂŶĂƌĞĂĂŶĚƐƚƌĞĂŵŚĂďŝƚĂƚ͘ŽŶƚŝŶƵĞƚŽƐƵƉƉŽƌƚDƵƐƐĞůƐŚĞůů ZŝǀĞƌŝƐƚƌŝďƵƚŝŽŶWƌŽũĞĐƚ͘DĂŝŶƚĂŝŶĨůŽǁƐŽĨϴϬĐĨƐĨŽƌŚĂďŝƚĂƚ͘ DƵƐƐĞůƐŚĞůůZŝǀĞƌ ϱϯŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĂŶĚĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶƐ͘ ŽůĚǁĂƚĞƌŽŶĞ  ZĂŝŶďŽǁƚƌŽƵƚ͕   ;ŽŶĨůƵĞŶĐĞŽĨ  ƌŽǁŶƚƌŽƵƚ͕  EŽƌƚŚĂŶĚ^ŽƵƚŚ  DŽƵŶƚĂŝŶǁŚŝƚĞĨŝƐŚ;EͿ  &ŽƌŬƐƚŽĂƌďĞƌͿ ŵĞƌŝĐĂŶ&ŽƌŬ ϯϰŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ ƌŽǁŶƚƌŽƵƚ ůĞǀĞůƐ͘ >ĞďŽƌĞĞŬ ϯϮŵŝůĞƐ EĂƚŝǀĞŵŝŶŶŽǁƐ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ 

348 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ >ĞďŽ>ĂŬĞ ϯϬϵĂĐƌĞƐ dŝŐĞƌŵƵƐŬŝĞ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ EŽƚĐƵƌƌĞŶƚůLJŵĂŶĂŐĞĚ͘&ŽƌŵĞƌWƌŝǀĂƚĞ ZĂŝŶďŽǁƚƌŽƵƚ͕   WŽŶĚͬWƵďůŝĐ&ŝƐŚŝŶŐƉŽŶĚ͘tŽƵůĚůŝŬĞƚŽƌĞͲ ƌŽǁŶƚƌŽƵƚ   ĞƐƚĂďůŝƐŚĂĐĐĞƐƐĂŶĚŵĂŶĂŐĞĨŽƌƐƉĞĐŝĞƐ ŝŶĚŝĐĂƚĞĚ͘ ŝŐůŬƌĞĞŬ ϮϱŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ͕ƌŽǁŶƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ ůĞǀĞůƐ͘ ĂŝƐLJĞĂŶƌĞĞŬ ϮϴŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ ůĞǀĞůƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tŽƌŬǁŝƚŚh^&^ĨŽƌƐŽůƵƚŝŽŶƐƚŽƌĞĚƵĐĞͬƉƌĞǀĞŶƚŝŵƉĂĐƚƐŽŶƌŝƉĂƌŝĂŶĂƌĞĂĨƌŽŵdsƚƌĂĨĨŝĐŽŶĂŝƐLJĞĂŶ͘ ŚŝĞĨ:ŽƐĞƉŚ ϮĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚĂŶĚdĂŬĞͬ ŽŶƚŝŶƵĞƐƚŽĐŬŝŶŐĂƚĐƵƌƌĞŶƚƌĂƚĞƐ͘ WŽŶĚ &ĂŵŝůLJ&ŝƐŚŝŶŐǁĂƚĞƌ  &ŽƌĞƐƚ>ĂŬĞ ϮϭĂĐƌĞƐ ƵƚƚŚƌŽĂƚ tŝůĚ 'ĞŶĞƌĂů ǀĂůƵĂƚĞƉĞƌŝŽĚŝĐĂůůLJ͘DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂů ,LJďƌŝĚƐ ĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐůĞǀĞůƐ͘ ,ĂLJŵĂŬĞƌͬ ϯϬŵŝůĞƐ zĞůůŽǁƐƚŽŶĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ ĂƐƚ&ŽƌŬ  ůĞǀĞůƐ͘dĞƐƚƚŚĞĂƐƚ&ŽƌŬƉŽƉƵůĂƚŝŽŶĨŽƌŐĞŶĞƚŝĐ ,ĂLJŵĂŬĞƌ  ƉƵƌŝƚLJ͘ŽŶƐŝĚĞƌƉŽƚĞŶƚŝĂůƚŽƵƐĞƚŚŝƐƉŽƉƵůĂƚŝŽŶ ĂƐĂƉŽƚĞŶƚŝĂůǁŝůĚďƌŽŽĚƐŽƵƌĐĞǁŝƚŚŐĞŶĞƚŝĐ ŵŝdžŝŶŐĨƌŽŵŽƚŚĞƌƐŽƵƌĐĞƐŝĨĨŽƵŶĚƚŽďĞƉƵƌĞ͘ ĞĂĚŵĂŶƐ Ϯ͕ϭϮϬĂĐƌĞƐ dŝŐĞƌŵƵƐŬŝĞ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞͬ ŽŶƚŝŶƵĞƐƚŽĐŬŝŶŐĂƚĐƵƌƌĞŶƚƌĂƚĞƐ͕ůŝŵŝƚŚĂƌǀĞƐƚ ZĞƐĞƌǀŽŝƌ   YƵĂůŝƚLJ ƚŽϭŽǀĞƌϰϬ͘͟hƐĞĚƚŽƌĞĚƵĐĞƐƵĐŬĞƌƉŽƉƵůĂƚŝŽŶ     ŝŶƌĞƐĞƌǀŽŝƌƚŽŝŵƉƌŽǀĞƚƌŽƵƚĂŶĚƐĂůŵŽŶ    ŐƌŽǁƚŚ͘     ZĂŝŶďŽǁƚƌŽƵƚ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ǀĂůƵĂƚŝŶŐZĂŝŶďŽǁƐƚƌĂŝŶƐĂŶĚƐƚŽĐŬŝŶŐƌĂƚĞƐƚŽ <ŽŬĂŶĞĞƐĂůŵŽŶ ŝŵƉƌŽǀĞďŽĚLJĐŽŶĚŝƚŝŽŶĂŶĚƐŝnjĞƐƚƌƵĐƚƵƌĞŝŶ ĨŝƐŚĞƌLJ͘tŝůůĂĚũƵƐƚƐƚŽĐŬŝŶŐƌĂƚĞƐƚŽŝŵƉƌŽǀĞ ĨŝƐŚĞƌLJ͘ DƵƐƐĞůƐŚĞůůZŝǀĞƌ ϭϯϴŵŝůĞƐ ^ŵĂůůŵŽƵƚŚďĂƐƐ tŝůĚ 'ĞŶĞƌĂů ǀĂůƵĂƚĞϭϵϳϬͬϭϵϴϬ͛ƐƐƚŽĐŬŝŶŐƚŽŵĂŝŶƚĂŝŶ dƌĂŶƐŝƚŝŽŶŽŶĞ     ĨŝƐŚĞƌLJ͘ ;ĂƌďĞƌƚŽ      ZŽƵŶĚƵƉͿ     ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ

349 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ   ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƚŝŶƵĞǁŝůĚƚƌĂŶƐĨĞƌŽĨĂůŝŵŝƚĞĚŶƵŵďĞƌŽĨ      ǁŝůĚĂĚƵůƚƐĨƌŽŵƚŚĞtĂƌŵǁĂƚĞƌŽŶĞŝŶƚŽƚŚĞ      dƌĂŶƐŝƚŝŽŶŽŶĞ͘>ŝŵŝƚĞĚƚĂŐƌĞƚƵƌŶƐƐŚŽǁĨŝƐŚ      ƌĞŵĂŝŶŝŶŐŝŶƐĞĐƚŝŽŶ͘KŶĐĞŶĂƚƵƌĂů      ƌĞƉƌŽĚƵĐƚŝŽŶƚĂŬĞƐŚŽůĚĚŝƐĐŽŶƚŝŶƵĞƚƌĂŶƐĨĞƌƐ͘       ^ĂƵŐĞƌ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŽŶƐŝĚĞƌĞdžƉĂŶĚŝŶŐƉŽƉƵůĂƚŝŽŶƚŽĞĂĚŵĂŶƐ     ŝǀĞƌƐŝŽŶ͘ŽŶƐŝĚĞƌƉŽƚĞŶƚŝĂůĨŽƌĨŝƐŚƚƌĂŶƐĨĞƌƐ     ĂŶĚƐƚŽĐŬŝŶŐƚŽĂĐĐŽŵƉůŝƐŚ͘      EĂƚŝǀĞŵŝŶŶŽǁĂƐƐĞŵďůĂŐĞ;EͿ tŝůĚ 'ĞŶĞƌĂů /ŵƉƌŽǀĞŽƌŵĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚǁĂƚĞƌ ĐŽŶĚŝƚŝŽŶƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞŚĂďŝƚĂƚƚŽƐƵƉƉŽƌƚĞĐŽƐLJƐƚĞŵĨƵŶĐƚŝŽŶĂŶĚƉƌŽĚƵĐƚŝŽŶŽĨƚƌŽƵƚ͕ǁŚŝƚĞĨŝƐŚ͕ĂŶĚŶĂƚŝǀĞŵŝŶŶŽǁĂŶĚƐƵĐŬĞƌƉŽƉƵůĂƚŝŽŶƐ͘ DĂŝŶƚĂŝŶĨůŽǁƐŽĨϴϬĐĨƐĨŽƌŚĂďŝƚĂƚŝŶƚŚĞDƵƐƐĞůƐŚĞůůZŝǀĞƌ &ŝƐŚƌĞĞŬ ϴϲŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ    ůĞǀĞůƐ͘     EĂƚŝǀĞŵŝŶŶŽǁĂƐƐĞŵďůĂŐĞ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ /ŵƉƌŽǀĞŽƌŵĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚǁĂƚĞƌ ĐŽŶĚŝƚŝŽŶƐ͘ ĂƌĞůĞƐƐƌĞĞŬ ϲϴŵŝůĞƐ EĂƚŝǀĞŵŝŶŶŽǁĂŶĚƐƵĐŬĞƌ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ /ŵƉƌŽǀĞĂŶĚŵĂŝŶƚĂŝŶĨŝƐŚƉĂƐƐĂŐĞƚŚŝƐƚƌŝďƵƚĂƌLJ ĂŶĚ>ŝƚƚůĞ  ƉŽƉƵůĂƚŝŽŶƐ;EͿ ŚĂƐŽŶĞŽĨƚŚĞďĞƐƚŶĂƚŝǀĞŵŝŶŶŽǁƉŽƉƵůĂƚŝŽŶƐ ĂƌĞůĞƐƐƌĞĞŬ ŝŶƚŚĞĂƌĞĂ͘ ŝŐŽƵůĞĞ ϱϭŵŝůĞƐ EĂƚŝǀĞŵŝŶŶŽǁĂŶĚƐƵĐŬĞƌ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ /ŵƉƌŽǀĞŽƌŵĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚǁĂƚĞƌ ƐƉĞĐŝĞƐ;EͿ ĐŽŶĚŝƚŝŽŶƐ͘

WĂŝŶƚĞĚZŽďĞ ϯϴŵŝůĞƐ EĂƚŝǀĞŵŝŶŶŽǁĂŶĚƐƵĐŬĞƌ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ /ŵƉƌŽǀĞŽƌŵĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚǁĂƚĞƌ ƌĞĞŬ ƐƉĞĐŝĞƐ;EͿ ĐŽŶĚŝƚŝŽŶƐ͘ ^ǁŝŵŵŝŶŐ ϯϯŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ tŽŵĂŶƌĞĞŬ    ůĞǀĞůƐ͘     EĂƚŝǀĞŵŝŶŶŽǁĂŶĚƐƵĐŬĞƌ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ /ŵƉƌŽǀĞŽƌŵĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚǁĂƚĞƌ ƐƉĞĐŝĞƐ;EͿ ĐŽŶĚŝƚŝŽŶƐ͘

350 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ƵƌƌĂŶƚƌĞĞŬ ϲϬŵŝůĞƐ EĂƚŝǀĞŵŝŶŶŽǁĂŶĚƐƵĐŬĞƌ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ /ŵƉƌŽǀĞŽƌŵĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚǁĂƚĞƌ  ƐƉĞĐŝĞƐ;EͿ ĐŽŶĚŝƚŝŽŶƐ͘ DƵƐƐĞůƐŚĞůůZŝǀĞƌ ϭϱϭŵŝůĞƐ ^ŵĂůůŵŽƵƚŚďĂƐƐ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ tĂƌŵǁĂƚĞƌ     ůĞǀĞůƐ͘ ŽŶĞ      ;ZŽƵŶĚƵƉƚŽ  ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ ŽŶĨůƵĞŶĐĞǁŝƚŚ     ůĞǀĞůƐ͘ DŝƐƐŽƵƌŝZŝǀĞƌͿ        ^ĂƵŐĞƌ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ >ŝŵŝƚĞĚƉŽƉƵůĂƚŝŽŶĐŽŶƐŝĚĞƌƐƚŽĐŬŝŶŐĂŶĚǁŝůĚ      ĨŝƐŚƚƌĂŶƐĨĞƌƐĨƌŽŵŽƚŚĞƌǁĂƚĞƌƐ͘         EĂƚŝǀĞŵŝŶŶŽǁĂƐƐĞŵďůĂŐĞ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ /ŵƉƌŽǀĞŽƌŵĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚǁĂƚĞƌ      ĐŽŶĚŝƚŝŽŶƐ͘         ƌƵŵ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŝŶƚĂŝŶǀŝĂďůĞƉŽƉƵůĂƚŝŽŶ͘         ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ŽŶƚŝŶƵĞƐƚŽĐŬŝŶŐƌĞƐĞƌǀŽŝƌƐĂŶŶƵĂůůLJ͘         ƵƌďŽƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ǀĂůƵĂƚĞƉŽƉƵůĂƚŝŽŶ͕ŝŵƉƌŽǀĞĨŝƐŚĞƌLJ͘       tĂůůĞLJĞ tŝůĚ 'ĞŶĞƌĂů ǀĂůƵĂƚĞƉŽƉƵůĂƚŝŽŶŵŽǀĞŵĞŶƚƐĂŶĚŝŶĨůƵĞŶĐĞ ŽŶŽƚŚĞƌĨŝƐŚĐŽŶƐŝĚĞƌŝŶĐƌĞĂƐŝŶŐŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ŽŶƚŝŶƵĞƚŽŵĂŶĂŐĞĐŽŶŶĞĐƚŝǀŝƚLJƚŽĨĂǀŽƌŶĂƚŝǀĞĨŝƐŚ͘DĂŝŶƚĂŝŶŝŶƐƚƌĞĂŵĨůŽǁŽĨϳϬĐĨƐŽŶƚŚĞDƵƐƐĞůƐŚĞůůĚŽǁŶƐƚƌĞĂŵŽĨƚŚĞ DƵƐƐĞůƐŚĞůůŝǀĞƌƐŝŽŶĚĂŵĨŽƌŚĂďŝƚĂƚ͘ƐƚĂďůŝƐŚĂĚĚŝƚŝŽŶĂůŐĂŐĞƐƚĂƚŝŽŶƐ͘ tŝůůŽǁƌĞĞŬ ϳϭŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶǀŝĂďůĞƉŽƉƵůĂƚŝŽŶ͘         EĂƚŝǀĞŵŝŶŶŽǁĂŶĚƐƵĐŬĞƌ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ /ŵƉƌŽǀĞŽƌŵĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚǁĂƚĞƌ   ƐƉĞĐŝĞƐ;EͿ  ĐŽŶĚŝƚŝŽŶƐ͘ &ůĂƚǁŝůůŽǁƌĞĞŬ ϭϭϴŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂůůĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ  ƌŽǁŶƚƌŽƵƚ͕   ůĞǀĞůƐ͘       ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ  

351 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ EĂƚŝǀĞŵŝŶŶŽǁĂŶĚƐƵĐŬĞƌ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ /ŵƉƌŽǀĞŽƌŵĂŝŶƚĂŝŶŚĂďŝƚĂƚĂŶĚǁĂƚĞƌ ƐƉĞĐŝĞƐ;EͿ   ĐŽŶĚŝƚŝŽŶƐ͘     ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ    ůĞǀĞůƐ͘     tĂůůĞLJĞ ,ĂƚĐŚĞƌLJͬ 'ĞŶĞƌĂů ǀĂůƵĂƚĞƉŽƉƵůĂƚŝŽŶƐŽƵƌĐĞ͕ůŝŬĞůLJĞƐĐĂƉŝŶŐĨƌŽŵ tŝůĚ  WĞƚƌŽůŝĂZĞƐĞƌǀŽŝƌ͘ǀĂůƵĂƚĞƉŽƉƵůĂƚŝŽŶ ŵŽǀĞŵĞŶƚƐĂŶĚŝŶĨůƵĞŶĐĞŽŶŽƚŚĞƌĨŝƐŚ͕ ĐŽŶƐŝĚĞƌŝŶĐƌĞĂƐŝŶŐŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶĨůŽǁƐŽĨϭϱĐĨƐĨŽƌŚĂďŝƚĂƚ͘ĚĚŝƚŝŽŶĂůĂĐĐĞƐƐŝƐŶĞĞĚĞĚƵƉƐƚƌĞĂŵŽĨŚŝŐŚǁĂLJϴϳ͘ ^ŽƵƚŚ&ŽƌŬ ϮϯŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ &ůĂƚǁŝůůŽǁƌĞĞŬ ůĞǀĞůƐ͘ EŽƌƚŚ&ŽƌŬ ϮϱŵŝůĞƐ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ &ůĂƚǁŝůůŽǁƌĞĞŬ  ůĞǀĞůƐ͘ dƌŝďƵƚĂƌŝĞƐƚŽ ϱŵŝůĞƐ tĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ŶŚĂŶĐĞĂŶĚƉƌŽƚĞĐƚƉŽƉƵůĂƚŝŽŶƐ͘ŽŶƚŝŶƵĞƚŽ &ůĂƚǁŝůůŽǁĂŶĚ    ǁŽƌŬŽŶƉƌŽũĞĐƚƚŽĞdžƉĂŶĚǁĞƐƚƐůŽƉĞĐƵƚƚŚƌŽĂƚ ŽdžůĚĞƌ͕ŽůůĂƌ    ƚƌŽƵƚŝŶƚŚĞ:ƵĚŝƚŚDŽƵŶƚĂŝŶƐ͘ 'ƵůĐŚĂŶĚ    ,ĂůĨŵŽŽŶƌĞĞŬ  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶĨůŽǁƐŽĨϬ͘ϲĐĨƐĨŽƌŚĂďŝƚĂƚŝŶŽůůĂƌ'ƵůĐŚƌĞĞŬ͘ WĞƚƌŽůŝĂ ϱϭϴĂĐƌĞƐ tĂůůĞLJĞ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ZĞƐĞƌǀŽŝƌ  ZĂŝŶďŽǁƚƌŽƵƚ   ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘         EŽƌƚŚĞƌŶƉŝŬĞ͕ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJĂƚŚŝƐƚŽƌŝĐ  zĞůůŽǁƉĞƌĐŚ͕  ůĞǀĞůƐ͘ ůƵĞŐŝůů :ĂŬĞƐZĞƐĞƌǀŽŝƌ ϭϴĂĐƌĞƐ ^ĂƵŐĞƌ;EͿ tŝůĚ 'ĞŶĞƌĂů ǀĂůƵĂƚĞŽƉƚŝŽŶƐĨŽƌĂĚĚŝƚŝŽŶĂůƐƚŽĐŬŝŶŐŽĨ    ƐĂƵŐĞƌƐƵĐŚĂƐǀŝĂǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌ͘     zĞůůŽǁƉĞƌĐŚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚ ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘

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359 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ŝŐƌLJƌĞĞŬ ϭϰϵŵŝůĞƐ ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶƐ͘ >ŝƚƚůĞƌLJƌĞĞŬ ϲϵŵŝůĞƐ      DƵůƚŝͲƐƉĞĐŝĞƐ tŝůĚ 'ĞŶĞƌĂůͬŽŶƐĞƌǀĂƚŝŽŶ DĂŶĂŐĞĨŽƌƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚŝŶŐŽƉƉŽƌƚƵŶŝƚLJ  ǁŚĞƌĞĂƉƉůŝĐĂďůĞ͘DŽŶŝƚŽƌŶŽŶͲŐĂŵĞĨŝƐŚ  ƐƉĞĐŝĞƐĨŽƌŶĂƚŝǀĞĨŝƐŚĂƐƐĞŵďůĂŐĞĂŶĚŽǀĞƌĂůů ĞĐŽƐLJƐƚĞŵŚĞĂůƚŚ͘ dƌŽƵƚWŽŶĚƐ EƵŵĞƌŽƵƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DŽŶŝƚŽƌǁĂƚĞƌĐŽŶĚŝƚŝŽŶƐĂŶĚŝŵƉĂĐƚƐĨƌŽŵ EŽƌƚŚŽĨ ƌŽŽŬƚƌŽƵƚ ǁŝŶƚĞƌŬŝůů͘^ƚŽĐŬƚƌŽƵƚďĂƐĞĚŽŶĐƵƌƌĞŶƚϲͲLJĞĂƌ ZĞƐĞƌǀŽŝƌͲ ƐƚŽĐŬŝŶŐƉůĂŶ͘ >ŽĐĂƚĞĚ dŚƌŽƵŐŚŽƵƚ ůĂŝŶĞ͕WŚŝůůŝƉƐ͕ ĂŶĚsĂůůĞLJ ŽƵŶƚŝĞƐ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tŽƌŬǁŝƚŚƵƌĞĂƵŽĨ>ĂŶĚDĂŶĂŐĞŵĞŶƚĂŶĚůĂŶĚŽǁŶĞƌƐƚŽŝŶĐƌĞĂƐĞƌŝƉĂƌŝĂŶŚĂďŝƚĂƚƐĂŶĚĂĞƐƚŚĞƚŝĐůĂŶĚƐĐĂƉĞƐƐƵƌƌŽƵŶĚŝŶŐƚŚĞ ƉŽŶĚƐ͘DĂŝŶƚĂŝŶǁŝŶĚŵŝůůĂĞƌĂƚŝŽŶƐLJƐƚĞŵƐŽŶƉŽŶĚƐǁŝƚŚŵĂƌŐŝŶĂůĚĞƉƚŚƐ͘ŽŶƚŝŶƵĞƚŽĐŽůůĞĐƚĚŝƐƚƌŝďƵƚŝŽŶĚĂƚĂŽŶEŽƌƚŚĞƌŶƌĞĚďĞůůLJĚĂĐĞĂŶĚĐŚƌŽƐŽŵŝĚ ĚĂĐĞƉŽƉƵůĂƚŝŽŶƐ͘ǀĂůƵĂƚĞŶŽŶͲŶĂƚŝǀĞĨŝƐŚƐƚŽĐŬŝŶŐĂŶĚĐŽŵŵĞƌĐŝĂůŵŝŶŶŽǁĐŽůůĞĐƚŝŽŶƚŽĞŶƐƵƌĞĚĂĐĞƉŽƉƵůĂƚŝŽŶƐĂƌĞŶŽƚŝŵƉĂĐƚĞĚďLJƚŚĞƐĞĂĐƚŝŽŶƐ͘ tĂƌŵǁĂƚĞƌ EƵŵĞƌŽƵƐ >ĂƌŐĞŵŽƵƚŚďĂƐƐ͕ tŝůĚͬ 'ĞŶĞƌĂůͬ DĂŶĂŐĞĂƐƐĞůĨͲƐƵƐƚĂŝŶŝŶŐĨŝƐŚĞƌŝĞƐ͘ ZĞƐĞƌǀŽŝƌƐĂŶĚ EŽƌƚŚĞƌŶƉŝŬĞ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ^ƵƉƉůĞŵĞŶƚƉŽƉƵůĂƚŝŽŶƐǁŝƚŚŚĂƚĐŚĞƌLJ WŽŶĚƐEŽƌƚŚŽĨ tĂůůĞLJĞ͕ ƐƚŽĐŬŝŶŐĂŶĚǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐĂƐŶĞĞĚĞĚ͘ ZĞƐĞƌǀŽŝƌͲ ^ŵĂůůŵŽƵƚŚďĂƐƐ͕ DŽŶŝƚŽƌǁĂƚĞƌĐŽŶĚŝƚŝŽŶƐĂŶĚŝŵƉĂĐƚƐĨƌŽŵ >ŽĐĂƚĞĚ ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ͕ ǁŝŶƚĞƌŬŝůů͘ dŚƌŽƵŐŚŽƵƚ ůĂĐŬĐƌĂƉƉŝĞ͕ ůĂŝŶĞ͕WŚŝůůŝƉƐ͕ zĞůůŽǁƉĞƌĐŚ͕ ĂŶĚsĂůůĞLJ ůƵĞŐŝůů ŽƵŶƚŝĞƐ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tŽƌŬǁŝƚŚƵƌĞĂƵŽĨ>ĂŶĚDĂŶĂŐĞŵĞŶƚĂŶĚůĂŶĚŽǁŶĞƌƐƚŽŝŶĐƌĞĂƐĞƌŝƉĂƌŝĂŶŚĂďŝƚĂƚƐĂŶĚĂĞƐƚŚĞƚŝĐůĂŶĚƐĐĂƉĞƐƐƵƌƌŽƵŶĚŝŶŐƚŚĞ ƉŽŶĚƐ͘DĂŝŶƚĂŝŶǁŝŶĚŵŝůůĂĞƌĂƚŝŽŶƐLJƐƚĞŵƐŽŶƉŽŶĚƐǁŝƚŚŵĂƌŐŝŶĂůĚĞƉƚŚƐ͘ŽŶƚŝŶƵĞƚŽĐŽůůĞĐƚĚŝƐƚƌŝďƵƚŝŽŶĚĂƚĂŽŶEŽƌƚŚĞƌŶƌĞĚďĞůůLJĚĂĐĞĂŶĚĐŚƌŽƐŽŵŝĚ ĚĂĐĞƉŽƉƵůĂƚŝŽŶƐ͘ǀĂůƵĂƚĞŶŽŶͲŶĂƚŝǀĞĨŝƐŚƐƚŽĐŬŝŶŐĂŶĚĐŽŵŵĞƌĐŝĂůŵŝŶŶŽǁĐŽůůĞĐƚŝŽŶƚŽĞŶƐƵƌĞĂĐĞƉŽƉƵůĂƚŝŽŶƐĂƌĞŶŽƚŝŵƉĂĐƚĞĚďLJƚŚĞƐĞĂĐƚŝŽŶƐ͘  

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ tĂůůĞLJĞ ,ĂƚĐŚĞƌLJͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DŽŶŝƚŽƌƌĞĐƌƵŝƚŵĞŶƚƚŽƐƉƌŝŶŐŐŝůůŶĞƚƐĂŶĚ tŝůĚ ĂĚũƵƐƚƐƚŽĐŬŝŶŐĂƐŶĞĐĞƐƐĂƌLJƚŽŵĂŝŶƚĂŝŶƐŝnjĞ ĂŶĚĂŐĞĐůĂƐƐĞƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tŽƌŬƚŽŵĂŝŶƚĂŝŶĂĚĞƋƵĂƚĞůĂŬĞĞůĞǀĂƚŝŽŶƐĂŶĚďĂůĂŶĐĞƚƌŽƵƚĂŶĚǁĂƌŵǁĂƚĞƌĨŝƐŚĞƌŝĞƐƚŚƌŽƵŐŚƐƚŽĐŬŝŶŐƉůĂŶƐ͘ zĞůůŽǁƐƚŽŶĞ ϵϱŵŝůĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ DĂŶĂŐĞŚĂƌǀĞƐƚƚŽƐƵƉƉŽƌƚƋƵĂůŝƚLJĂŶŐůŝŶŐ ZŝǀĞƌ ƌŽǁŶƚƌŽƵƚ   ŽƉƉŽƌƚƵŶŝƚLJ͘ ;^ƉƌŝŶŐĚĂůĞƚŽ     ůĂƌŬƐ&ŽƌŬͿ zĞůůŽǁƐƚŽŶĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ DĂŝŶƚĂŝŶĐĂƚĐŚĂŶĚƌĞůĞĂƐĞĨŝƐŚĞƌLJƚŽŵĂŝŶƚĂŝŶ    ƚŚĞĐƵƌƌĞŶƚƉŽƉƵůĂƚŝŽŶ͘     DŽƵŶƚĂŝŶtŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŶƵŵďĞƌƐ͘ƚƚĞŵƉƚƚŽďĞƚƚĞƌŵŽŶŝƚŽƌ    ƉŽƉƵůĂƚŝŽŶĂďƵŶĚĂŶĐĞ͕ƚƌĞŶĚƐĂŶĚĂŶŐůĞƌ    ŚĂƌǀĞƐƚ͘     ƵƌďŽƚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŶƵŵďĞƌƐ͘>ĞĂƌŶŵŽƌĞĂďŽƵƚ  ƉŽƉƵůĂƚŝŽŶĂďƵŶĚĂŶĐĞ͕ĚŝƐƚƌŝďƵƚŝŽŶĂŶĚŚĂďŝƚĂƚ  ƵƐĞ͘ƚƚĞŵƉƚƚŽĞŶŚĂŶĐĞƉŽƉƵůĂƚŝŽŶĂŶĚ ŵĂŶĂŐĞĨŽƌůŝŵŝƚĞĚŚĂƌǀĞƐƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞŚĂďŝƚĂƚƚŽƐƵƉƉŽƌƚĞĐŽƐLJƐƚĞŵĨƵŶĐƚŝŽŶĂŶĚĨŝƐŚƉƌŽĚƵĐƚŝŽŶ͘ ŽƵůĚĞƌZŝǀĞƌ ϲϱŵŝůĞƐŝŶ ZĂŝŶďŽǁƚƌŽƵƚ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ ŽǁŶƐƚƌĞĂŵĨƌŽŵ,ĂǁůĞLJƌĞĞŬ͗ŵĂŶĂŐĞ ĂŶĚdƌŝďƵƚĂƌŝĞƐ ŵĂŝŶƐƚĞŵ    ŚĂƌǀĞƐƚƚŽƐƵƉƉŽƌƚŚŝŐŚƋƵĂůŝƚLJĂŶŐůŝŶŐ  ĂŶĚϭϲϴ    ŽƉƉŽƌƚƵŶŝƚLJ͘hƉƐƚƌĞĂŵĨƌŽŵ,ĂǁůĞLJƌĞĞŬ͗  ŵŝůĞƐŝŶ    ƌĞĚƵĐĞŶƵŵďĞƌƐƚŽďĞŶĞĨŝƚzĞůůŽǁƐƚŽŶĞ  ƚƌŝďƵƚĂƌŝĞƐ    ĐƵƚƚŚƌŽĂƚƚƌŽƵƚ͘       ƌŽǁŶƚƌŽƵƚ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ DĂŶĂŐĞŚĂƌǀĞƐƚƚŽƐƵƉƉŽƌƚŚŝŐŚƋƵĂůŝƚLJĂŶŐůŝŶŐ     ŽƉƉŽƌƚƵŶŝƚLJ͘                     ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    



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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ  zĞůůŽǁƐƚŽŶĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ 'ĞŶĞƌĂů ůůŽǁŚĂƌǀĞƐƚĂƐƉĂƌƚŽĨŽŵďŝŶĞĚdƌŽƵƚůŝŵŝƚ     ĨŽƌƚŚŝƐĚƌĂŝŶĂŐĞ͘WƌŽƚĞĐƚƉŽƉƵůĂƚŝŽŶƐǀŝĂ     ŚĂďŝƚĂƚƉƌŽũĞĐƚƐĂŶĚƌĞŵŽǀĂůŽĨŶŽŶŶĂƚŝǀĞƐ     ǁŚĞƌĞŽƉƉŽƌƚƵŶŝƚŝĞƐĞdžŝƐƚ͘ŽŶƐŝĚĞƌ    ĞƐƚĂďůŝƐŚŝŶŐŶĞǁƉŽƉƵůĂƚŝŽŶƐǁŚĞƌĞ    ŽƉƉŽƌƚƵŶŝƚŝĞƐĞdžŝƐƚ͘DĂŶĂŐĞĨŽƌůĂƌŐĞ͕    ŝŶƚĞƌĐŽŶŶĞĐƚĞĚŐĞŶĞƚŝĐĂůůLJƉƵƌĞƉŽƉƵůĂƚŝŽŶ    ƵƉƐƚƌĞĂŵŽĨǁĂƚĞƌĨĂůůďĂƌƌŝĞƌŶĞĂƌ,ĂǁůĞLJ    ƌĞĞŬ͘     DŽƵŶƚĂŝŶtŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŶƵŵďĞƌƐ͘     ƌŽŽŬƚƌŽƵƚ tŝůĚ >ŝďĞƌĂůZĞŐƵůĂƚŝŽŶƐͬ ZĞĚƵĐĞŶƵŵďĞƌƐͬƉƌĞǀĞŶƚŝŶǀĂƐŝŽŶǁŚĞƌĞ ^ƵƉƉƌĞƐƐŝŽŶ zĞůůŽǁƐƚŽŶĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚĂƌĞƉŽƚĞŶƚŝĂůůLJ ŝŵƉĂĐƚĞĚ͘DĂŶĂŐĞĨŽƌƐƉŽƌƚĨŝƐŚĞƌLJǁŝƚŚ ŽƉƉŽƌƚƵŶŝƚLJĨŽƌŚŝŐŚůĞǀĞůƐŽĨŚĂƌǀĞƐƚŝŶŽƚŚĞƌ ĂƌĞĂƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ZĞĚƵĐĞĞŶƚƌĂŝŶŵĞŶƚŽĨƚƌŽƵƚŝŶŝƌƌŝŐĂƚŝŽŶĚŝƚĐŚĞƐ͘WƌŽƚĞĐƚĞdžŝƐƚŝŶŐƚƌŽƵƚƐƉĂǁŶŝŶŐŚĂďŝƚĂƚ͘ ^ƚŝůůǁĂƚĞƌZŝǀĞƌ ϳϬŵŝůĞƐŝŶ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ DĂŶĂŐĞŚĂƌǀĞƐƚƚŽƐƵƉƉŽƌƚŚŝŐŚƋƵĂůŝƚLJĂŶŐůŝŶŐ ĂŶĚdƌŝďƵƚĂƌŝĞƐ ŵĂŝŶƐƚĞŵ ƌŽǁŶƚƌŽƵƚ   ŽƉƉŽƌƚƵŶŝƚLJ͘ZĞĚƵĐĞŶƵŵďĞƌƐͬƉƌĞǀĞŶƚŝŶǀĂƐŝŽŶ  ĂŶĚϰϱϭ    ǁŚĞƌĞzĞůůŽǁƐƚŽŶĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚĂƌĞ  ŵŝůĞƐŝŶ    ƉŽƚĞŶƚŝĂůůLJŝŵƉĂĐƚĞĚ͘  ƚƌŝďƵƚĂƌŝĞƐ      zĞůůŽǁƐƚŽŶĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ >ŝďĞƌĂůZĞŐƵůĂƚŝŽŶƐͬ ůůŽǁŚĂƌǀĞƐƚĂƐƉĂƌƚŽĨŽŵďŝŶĞĚdƌŽƵƚůŝŵŝƚ    ŽŶƐĞƌǀĂƚŝŽŶ ĨŽƌƚŚŝƐĚƌĂŝŶĂŐĞ͘WƌŽƚĞĐƚƉŽƉƵůĂƚŝŽŶƐǀŝĂ     ŚĂďŝƚĂƚƉƌŽũĞĐƚƐĂŶĚƌĞŵŽǀĂůŽĨŶŽŶŶĂƚŝǀĞƐ     ǁŚĞƌĞŽƉƉŽƌƚƵŶŝƚŝĞƐĞdžŝƐƚ͘ŽŶƐŝĚĞƌ     ĞƐƚĂďůŝƐŚŝŶŐŶĞǁƉŽƉƵůĂƚŝŽŶƐǁŚĞƌĞ     ŽƉƉŽƌƚƵŶŝƚŝĞƐĞdžŝƐƚ͘       DŽƵŶƚĂŝŶtŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŶƵŵďĞƌƐ͘      ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ



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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ    ZĞĚƵĐĞŶƵŵďĞƌƐͬƉƌĞǀĞŶƚŝŶǀĂƐŝŽŶǁŚĞƌĞ ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂůͬ^ƵƉƉƌĞƐƐŝŽŶ zĞůůŽǁƐƚŽŶĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚĂƌĞƉŽƚĞŶƚŝĂůůLJ  ŝŵƉĂĐƚĞĚ͘DĂŶĂŐĞĨŽƌƐƉŽƌƚĨŝƐŚĞƌLJǁŝƚŚ  ŽƉƉŽƌƚƵŶŝƚLJĨŽƌŚŝŐŚůĞǀĞůƐŽĨŚĂƌǀĞƐƚŝŶŽƚŚĞƌ ĂƌĞĂƐ͘  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ZĞĚƵĐĞĞŶƚƌĂŝŶŵĞŶƚŽĨƚƌŽƵƚŝŶŝƌƌŝŐĂƚŝŽŶĚŝƚĐŚĞƐ͘WƌŽƚĞĐƚĞdžŝƐƚŝŶŐƚƌŽƵƚƐƉĂǁŶŝŶŐŚĂďŝƚĂƚ͘  ůĂƌŬƐ&ŽƌŬĂŶĚ ϭϰϭŵŝůĞƐŝŶ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ tŝůĚ DĂŶĂŐĞŚĂƌǀĞƐƚƚŽƐƵƉƉŽƌƚƋƵĂůŝƚLJĂŶŐůŝŶŐ dƌŝďƵƚĂƌŝĞƐ ŵĂŝŶƐƚĞŵ ƌŽǁŶƚƌŽƵƚ   ŽƉƉŽƌƚƵŶŝƚLJ͘ ;ĞdžĐĞƉƚZŽĐŬ ĂŶĚϮϮϵ     ƌĞĞŬͿ ŵŝůĞƐŝŶ zĞůůŽǁƐƚŽŶĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ 'ĞŶĞƌĂů ůůŽǁŚĂƌǀĞƐƚĂƐƉĂƌƚŽĨŝƐƚƌŝĐƚͲǁŝĚĞŽŵďŝŶĞĚ  ƚƌŝďƵƚĂƌŝĞƐ    ƚƌŽƵƚůŝŵŝƚ͘ŽŶƐŝĚĞƌĞƐƚĂďůŝƐŚŝŶŐŶĞǁ     ƉŽƉƵůĂƚŝŽŶƐǁŚĞƌĞŽƉƉŽƌƚƵŶŝƚŝĞƐĞdžŝƐƚ͘      DŽƵŶƚĂŝŶtŚŝƚĞĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŶƵŵďĞƌƐ͘ƚƚĞŵƉƚƚŽďĞƚƚĞƌŵŽŶŝƚŽƌ    ƉŽƉƵůĂƚŝŽŶĂďƵŶĚĂŶĐĞ͕ƚƌĞŶĚƐĂŶĚĂŶŐůĞƌ    ŚĂƌǀĞƐƚ͘     ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĨŽƌƐƉŽƌƚĨŝƐŚĞƌLJǁŝƚŚŽƉƉŽƌƚƵŶŝƚLJĨŽƌ    ŚŝŐŚůĞǀĞůŽĨŚĂƌǀĞƐƚ͘     ƵƌďŽƚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŶƵŵďĞƌƐ͘>ĞĂƌŶŵŽƌĞĂďŽƵƚ    ƉŽƉƵůĂƚŝŽŶĂďƵŶĚĂŶĐĞ͕ĚŝƐƚƌŝďƵƚŝŽŶĂŶĚŚĂďŝƚĂƚ    ƵƐĞ͘     ƌĐƚŝĐŐƌĂLJůŝŶŐ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶŶƵŵďĞƌƐ͘^ĞĂƌĐŚĨŽƌĞǀŝĚĞŶĐĞŽĨƐĞůĨͲ ƐƵƐƚĂŝŶŝŶŐƉŽƉƵůĂƚŝŽŶŝŶƵƉƉĞƌƚƌŝďƵƚĂƌLJ ƌĞĂĐŚĞƐ͘  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞĨŝƐŚƉĂƐƐĂŐĞŽǀĞƌŝƌƌŝŐĂƚŝŽŶĚŝǀĞƌƐŝŽŶĚĂŵƐ͘DŝŶŝŵŝnjĞĚĞǁĂƚĞƌŝŶŐŽĨůŽǁĞƌƌĞĂĐŚĞƐĚƵƌŝŶŐĚƌŽƵŐŚƚLJĞĂƌƐ͘/ŵƉƌŽǀĞ ďƵƌďŽƚŚĂďŝƚĂƚ͘



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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ZŽĐŬƌĞĞŬĂŶĚ ϱϵŵŝůĞƐŝŶ ZĂŝŶďŽǁƚƌŽƵƚ͕ tŝůĚ tŝůĚ DĂŶĂŐĞŚĂƌǀĞƐƚƚŽƐƵƉƉŽƌƚŚŝŐŚƋƵĂůŝƚLJĂŶŐůŝŶŐ dƌŝďƵƚĂƌŝĞƐ ŵĂŝŶƐƚĞŵ ƌŽǁŶƚƌŽƵƚ   ŽƉƉŽƌƚƵŶŝƚLJ͘ZĞĚƵĐĞŶƵŵďĞƌƐͬƉƌĞǀĞŶƚŝŶǀĂƐŝŽŶ  ĂŶĚϮϳϰ    ǁŚĞƌĞzĞůůŽǁƐƚŽŶĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚĂƌĞ  ŵŝůĞƐŝŶ    ƉŽƚĞŶƚŝĂůůLJŝŵƉĂĐƚĞĚ  ƚƌŝďƵƚĂƌŝĞƐ      zĞůůŽǁƐƚŽŶĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ ůůŽǁŚĂƌǀĞƐƚĂƐƉĂƌƚŽĨŝƐƚƌŝĐƚͲǁŝĚĞŽŵďŝŶĞĚ     dƌŽƵƚůŝŵŝƚ͘WƌŽƚĞĐƚƉŽƉƵůĂƚŝŽŶƐǀŝĂŚĂďŝƚĂƚ     ƉƌŽũĞĐƚƐĂŶĚƌĞŵŽǀĂůŽĨŶŽŶŶĂƚŝǀĞƐǁŚĞƌĞ     ŽƉƉŽƌƚƵŶŝƚŝĞƐĞdžŝƐƚ͘/ŶĚŝŐĞŶŽƵƐƉŽƉƵůĂƚŝŽŶƐ     ƐŚŽƵůĚƚĂŬĞƚŽƉƉƌŝŽƌŝƚLJ͘ŽŶƐŝĚĞƌĞƐƚĂďůŝƐŚŝŶŐ     ŶĞǁƉŽƉƵůĂƚŝŽŶƐǁŚĞƌĞŽƉƉŽƌƚƵŶŝƚŝĞƐĞdžŝƐƚ͘       ƌŽŽŬƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂůͬ ZĞĚƵĐĞŶƵŵďĞƌƐǁŚĞƌĞzĞůůŽǁƐƚŽŶĞĐƵƚƚŚƌŽĂƚ   ^ƵƉƉƌĞƐƐŝŽŶ ƚƌŽƵƚĂƌĞƉŽƚĞŶƚŝĂůůLJŝŵƉĂĐƚĞĚ͘DĂŶĂŐĞĨŽƌ ƐƉŽƌƚĨŝƐŚĞƌLJŝŶŽƚŚĞƌĂƌĞĂƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ZĞĚƵĐĞĞŶƚƌĂŝŶŵĞŶƚŽĨƚƌŽƵƚŝŶŝƌƌŝŐĂƚŝŽŶĚŝƚĐŚĞƐ͘WƌŽƚĞĐƚĞdžŝƐƚŝŶŐƚƌŽƵƚƐƉĂǁŶŝŶŐĂŶĚƌĞĂƌŝŶŐŚĂďŝƚĂƚ͘DŝŶŝŵŝnjĞůĂƌŐĞƐĐĂůĞ ŚƵŵĂŶͲĐĂƵƐĞĚƐƚƌĞĂŵĐŚĂŶŶĞůĂůƚĞƌĂƚŝŽŶƐ͘DŝŶŝŵŝnjĞĚĞǁĂƚĞƌŝŶŐŽĨĐĞƌƚĂŝŶƐƚƌĞĂŵƌĞĂĐŚĞƐĚƵƌŝŶŐĚƌŽƵŐŚƚLJĞĂƌƐ͘ ŽŽŶĞLJZĞƐĞƌǀŽŝƌ ϳϯϯĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ǀĂůƵĂƚĞƐƚŽĐŬŝŶŐĂŶĚŚĂƌǀĞƐƚƌĞŐƵůĂƚŝŽŶƐƚŽ     ŽƉƚŝŵŝnjĞŶƵŵďĞƌƐƚŽĐŬĞĚ͕ƐŝnjĞŽĨĨŝƐŚĂŶĚĂŶŐůĞƌ     ĐĂƚĐŚƌĂƚĞƚŚƌŽƵŐŚŽƵƚƚŚĞLJĞĂƌ͘       tĂůůĞLJĞ tŝůĚͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ŽŶƚŝŶƵĞŵŽŶŝƚŽƌŝŶŐƚŽĞŶƐƵƌĞĂĚĞƋƵĂƚĞ   ,ĂƚĐŚĞƌLJ  ŶĂƚƵƌĂůƌĞƉƌŽĚƵĐƚŝŽŶƚŽƐƵƉƉŽƌƚĨŝƐŚĞƌLJ͘^ƚŽĐŬŝĨ     ŶĂƚƵƌĂůƌĞƉƌŽĚƵĐƚŝŽŶŝƐŝŶĂĚĞƋƵĂƚĞ͘DĂŝŶƚĂŝŶ     ďĂůĂŶĐĞďĞƚǁĞĞŶǁĂůůĞLJĞŶƵŵďĞƌƐĂŶĚĨŽƌĂŐĞ     ďĂƐĞ͘       ƵƌďŽƚ;EͿ tŝůĚ 'ĞŶĞƌĂů ŽŶƐŝĚĞƌĂĚũƵƐƚŝŶŐŚĂƌǀĞƐƚƌĞŐƵůĂƚŝŽŶƐƚŽ     ŝŵƉƌŽǀĞĨŝƐŚĞƌLJ͘DĂŶĂŐĞŚĂƌǀĞƐƚƚŽƐƵƉƉŽƌƚ     ƋƵĂůŝƚLJĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚŵĂŝŶƚĂŝŶĨŽƌĂŐĞ     ďĂƐĞ͘ŽŶƚŝŶƵĞŵŽŶŝƚŽƌŝŶŐƉŽƉƵůĂƚŝŽŶĂƐŝƚ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    ĐŽŶƚŝŶƵĞƐƚŽďĞĐŽŵĞĞƐƚĂďůŝƐŚĞĚ͘



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,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ǀĂůƵĂƚĞďĂƌƌŝĞƌƐŝŶĞĂĐŚƚƌŝďƵƚĂƌLJĂŶĚŝŵƉƌŽǀĞĨŝƐŚƉĂƐƐĂŐĞĂŶĚĐŽŶŶĞĐƚŝǀŝƚLJǁŝƚŚƚŚĞzĞůůŽǁƐƚŽŶĞZŝǀĞƌ͘/ŵƉƌŽǀĞŚĂďŝƚĂƚƚŽ ƐƵƉƉŽƌƚĞĐŽƐLJƐƚĞŵĨƵŶĐƚŝŽŶĂŶĚƉƌŽĚƵĐƚŝŽŶŽĨŶĂƚŝǀĞƐƉĞĐŝĞƐ͘ >ĂŬĞůŵŽ ϲϱĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ďƌŽǁŶƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚĂŶĚdĂŬĞͬ DĂŶĂŐĞĨŽƌŵĂdžŝŵƵŵƌĞĐƌĞĂƚŝŽŶĂůƵƐĞǁŝƚŚ zĞůůŽǁƐƚŽŶĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ  &ĂŵŝůLJ&ŝƐŚŝŶŐǁĂƚĞƌ ĞŵƉŚĂƐŝƐŽŶŚĂƌǀĞƐƚ͘ĚũƵƐƚƐƚŽĐŬŝŶŐƌĂƚĞƐƚŽ ;EͿ͕>ĂƌŐĞŵŽƵƚŚĂŶĚ   ƉƌŽǀŝĚĞŚŝŐŚĐĂƚĐŚƌĂƚĞƐŽŶƚƌŽƵƚǁŚŝůĞ ^ŵĂůůŵŽƵƚŚĂƐƐͿ   ŵĂŝŶƚĂŝŶŝŶŐƌĞĂƐŽŶĂďůĞŐƌŽǁƚŚƌĂƚĞƐŽŶƐƚŽĐŬĞĚ    ĨŝƐŚ͘^ƚŽĐŬǁŝƚŚƐƵƌƉůƵƐďƌŽŽĚĨŝƐŚƚŽƐƵƉƉŽƌƚ    ŬŝĚ͛ƐĨŝƐŚŝŶŐĞǀĞŶƚƐ͘     dŝŐĞƌŵƵƐŬŝĞ ,ĂƚĐŚĞƌLJ YƵĂůŝƚLJ ^ƚŽĐŬĂůŝŵŝƚĞĚŶƵŵďĞƌŽĨĨŝƐŚŽŶĂϯƚŽϰLJĞĂƌ    ƌŽƚĂƚŝŽŶĂƐŶĞĞĚĞĚĂŶĚĂǀĂŝůĂďůĞƚŽŵĂŝŶƚĂŝŶ    ƉƌĞĚĂƚŝŽŶƉƌĞƐƐƵƌĞŽŶƚŚĞƐƵĐŬĞƌƉŽƉƵůĂƚŝŽŶŝŶ    ƚŚĞůĂŬĞǁŚŝůĞƉƌŽǀŝĚŝŶŐĂŶŐůĞƌƐƚŚĞŽƉƉŽƌƚƵŶŝƚLJ    ƚŽĐĂƚĐŚĂƚƌŽƉŚLJƐŝnjĞĚĨŝƐŚ͘     ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ^ƚŽĐŬĂŶŶƵĂůůLJŝĨĨŝƐŚĂƌĞĂǀĂŝůĂďůĞƚŽƉƌŽǀŝĚĞĂŶ    ĂĚĚŝƚŝŽŶĂůŽƉƉŽƌƚƵŶŝƚLJĨŽƌĂŶŐůĞƌƐĨŝƐŚŝŶŐƚŚŝƐ    ƉŽƉƵůĂƌƵƌďĂŶĨŝƐŚĞƌLJ͘     zĞůůŽǁWĞƌĐŚ͕ƌĂƉƉŝĞ͕ tŝůĚ 'ĞŶĞƌĂů ^ŚŽƵůĚĐŽŶƐŝĚĞƌǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐǁŚĞŶĨŝƐŚĂƌĞ WƵŵƉŬŝŶƐĞĞĚ ĂǀĂŝůĂďůĞ͘  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tŽƌŬǁŝƚŚŝůůŝŶŐƐ,ĞŝŐŚƚƐtĂƚĞƌĂŶĚ>ĂŬĞůŵŽ^ƚĂƚĞWĂƌŬŽŶǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚĨŽƌƚŚĞůĂŬĞ͘>ŝŵŝƚǁĂƚĞƌůĞǀĞůĨůƵĐƚƵĂƚŝŽŶ ĚƵƌŝŶŐƚŚĞǁĞĞŬĞŶĚƐĂŶĚĞŶƐƵƌĞƚŚĞůĂŬĞŝƐĨƵůůďĞĨŽƌĞƚŚĞĚŝƚĐŚŝƐƐŚƵƚŽĨĨŝŶƚŚĞĨĂůů͘ĞǀĞůŽƉůŽŶŐͲƚĞƌŵůĂŬĞŵĂŶĂŐĞŵĞŶƚƉůĂŶƚŽŝŵƉƌŽǀĞĨŝƐŚĞƌŝĞƐŚĂďŝƚĂƚŝŶ ƚŚĞůĂŬĞ͘

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ >ĂŬĞ:ŽƐĞƉŚŝŶĞ ϮϬĂĐƌĞƐ >ĂƌŐĞŵŽƵƚŚĂŶĚƐŵĂůůŵŽƵƚŚ ,ĂƚĐŚĞƌLJͬ 'ĞŶĞƌĂůͬ ^ƚŽĐŬĞǀĞƌLJŽƚŚĞƌLJĞĂƌƚŽƐƵƉƉůĞŵĞŶƚŶĂƚƵƌĂů ďĂƐƐ tŝůĚ &ĂŵŝůLJ&ŝƐŚŝŶŐǁĂƚĞƌ ƌĞƉƌŽĚƵĐƚŝŽŶ͘WƌŽŵŽƚĞǀŽůƵŶƚĂƌLJĐĂƚĐŚͲĂŶĚͲ    ƌĞůĞĂƐĞŽŶϭϮƚŽϭϱŝŶĐŚďĂƐƐ͘DĂLJƵƐĞ    ƐŵĂůůŵŽƵƚŚďĂƐƐĨŽƌƐƚŽĐŬŝŶŐĂƚŝƌƌĞŐƵůĂƌ    ŝŶƚĞƌǀĂůƐ͘     dŝŐĞƌŵƵƐŬŝĞ ,ĂƚĐŚĞƌLJ YƵĂůŝƚLJ ^ƚŽĐŬĂůŝŵŝƚĞĚŶƵŵďĞƌŽĨĨŝƐŚŽŶĂϯͲϰLJĞĂƌ    ƌŽƚĂƚŝŽŶĂƐŶĞĞĚĞĚƚŽŵĂŝŶƚĂŝŶƉƌĞĚĂƚŝŽŶ    ƉƌĞƐƐƵƌĞŽŶƚŚĞƐƵĐŬĞƌƉŽƉƵůĂƚŝŽŶŝŶƚŚĞůĂŬĞ    ǁŚŝůĞƉƌŽǀŝĚŝŶŐĂŶŐůĞƌƐƚŚĞŽƉƉŽƌƚƵŶŝƚLJƚŽĐĂƚĐŚ    ĂƚƌŽƉŚLJƐŝnjĞĚĨŝƐŚ͘     ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ ,ĂƚĐŚĞƌLJ 'ĞŶĞƌĂů ^ƚŽĐŬĂŶŶƵĂůůLJŝĨĨŝƐŚĂƌĞĂǀĂŝůĂďůĞƚŽƉƌŽǀŝĚĞĂŶ    ĂĚĚŝƚŝŽŶĂůŽƉƉŽƌƚƵŶŝƚLJĨŽƌĂŶŐůĞƌƐĨŝƐŚŝŶŐƚŚŝƐ    ƉŽƉƵůĂƌƵƌďĂŶĨŝƐŚĞƌLJ͘     zĞůůŽǁWĞƌĐŚ͕ƌĂƉƉŝĞ͕ůƵĞŐŝůů͕ tŝůĚ 'ĞŶĞƌĂů tŝůĚƚƌĂŶƐĨĞƌƐƐŚŽƵůĚďĞĐŽŶƐŝĚĞƌĞĚŝŶƚŚĞ WƵŵƉŬŝŶƐĞĞĚ ĨƵƚƵƌĞ͘WĂƌƚŝĐƵůĂƌůLJŝĨŚĂďŝƚĂƚŝŵƉƌŽǀĞŵĞŶƚƐĂƌĞ  ŵĂĚĞ͘       ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĐƚŝǀŝƚŝĞƐĨŽƌ>ĂŬĞ:ŽƐĞƉŚŝŶĞ;ZŝǀĞƌĨƌŽŶƚͿ͗WŽƚĞŶƚŝĂůĞdžŝƐƚƐƚŽŝŵƉƌŽǀĞĂǀĞƌĂŐĞĚĞƉƚŚǁŝƚŚĞdžĐĂǀĂƚŝŽŶŽƌďƵŝůĚŝŶŐďĂƌƐ͕ŝŶƐƚĂůůĂƚŝŽŶŽĨĨŝƐŚŝŶŐ ƉŝĞƌƐ͕ĂŶĚŽƚŚĞƌĂĐĐĞƐƐĂŶĚŚĂďŝƚĂƚŝŵƉƌŽǀĞŵĞŶƚƐ͘tŽƌŬǁŝƚŚŝƚLJŽĨŝůůŝŶŐƐ͕EZ͕ĂŶĚŽƚŚĞƌƐƚŽŵĂŬĞŝŵƉƌŽǀĞŵĞŶƚƐǁŚĞŶƉŽƐƐŝďůĞ͘ >ĂƵƌĞůWŽŶĚ ϭϴĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕>ĂƌŐĞŵŽƵƚŚ ,ĂƚĐŚĞƌLJ WƵƚĂŶĚdĂŬĞͬ DĂŶĂŐĞĨŽƌŵĂdžŝŵƵŵƌĞĐƌĞĂƚŝŽŶĂůƵƐĞ͘ĚũƵƐƚ ďĂƐƐ͕zĞůůŽǁƐƚŽŶĞĐƵƚƚŚƌŽĂƚ &ĂŵŝůLJ&ŝƐŚŝŶŐǁĂƚĞƌ ƐƚŽĐŬŝŶŐƌĂƚĞƐƚŽƉƌŽǀŝĚĞŚŝŐŚĐĂƚĐŚƌĂƚĞƐŽŶ ƚƌŽƵƚ;EͿ ƚƌŽƵƚǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐƌĞĂƐŽŶĂďůĞŐƌŽǁƚŚƌĂƚĞƐ ŽŶƐƚŽĐŬĞĚĨŝƐŚ͘^ƚŽĐŬǁŝƚŚƐƵƌƉůƵƐďƌŽŽĚĨŝƐŚ ƚŽƐƵƉƉŽƌƚŬŝĚ͛ƐĨŝƐŚŝŶŐĞǀĞŶƚƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶǁŝŶĚŵŝůůƐĨŽƌĂĞƌĂƚŝŽŶ͘tŽƵůĚďĞŶĞĨŝƚƉŽŶĚƚŽŝŶĐƌĞĂƐĞĂǀĞƌĂŐĞĚĞƉƚŚ͘KƉƉŽƌƚƵŶŝƚLJƚŽĚƌĞĚŐĞͬĚŝŐŽƌĐƌĞĂƚĞďĂƌƐǁŝƚŚ ĞdžŝƐƚŝŶŐďŽƚƚŽŵŵĂƚĞƌŝĂůŵĂLJĐŽŵĞĨƌŽŵƉĂƌƚŶĞƌƐŚŝƉǁŝƚŚ>ŝŽŶƐůƵď͕ĂŶĚŽƚŚĞƌŝŶƚĞƌĞƐƚĞĚŐƌŽƵƉƐ͘WŽŶĚƐŚĂƐƐƵďƐƚĂŶƚŝĂůŐŽůĚĨŝƐŚƉŽƉƵůĂƚŝŽŶ͘

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ŶŝƚĂZĞƐĞƌǀŽŝƌ ϯϬĂĐƌĞƐ >ĂƌŐĞŵŽƵƚŚďĂƐƐ ,ĂƚĐŚĞƌLJ 'ĞŶĞƌĂůͬ&ĂŵŝůLJ&ŝƐŚŝŶŐ ^ƚŽĐŬĂƐŶĞĐĞƐƐĂƌLJƚŽŵĂŝŶƚĂŝŶĂƌĞĐƌĞĂƚŝŽŶĂů ǁĂƚĞƌ ĨŝƐŚĞƌLJ͘

,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗^ŚŽƵůĚĐŽŽƌĚŝŶĂƚĞǁŝƚŚƚŚĞ,ƵŶƚůĞLJ/ƌƌŝŐĂƚŝŽŶŝƐƚƌŝĐƚƚŽŝŵƉƌŽǀĞůŽŶŐͲƚĞƌŵǁĂƚĞƌŵĂŶĂŐĞŵĞŶƚƚŽďĞŶĞĨŝƚƚŚĞĨŝƐŚĞƌLJ͘dŚĞLJĂƌĞ ŶŽƚŽǀĞƌůLJŝŶƚĞƌĞƐƚĞĚĂƚƚŚŝƐƚŝŵĞ͘ ƌŽĂĚǀŝĞǁWŽŶĚ ϮϬĂĐƌĞƐ ZĂŝŶďŽǁƚƌŽƵƚ͕ ,ĂƚĐŚĞƌLJ WƵƚĂŶĚdĂŬĞͬ DĂŶĂŐĞĨŽƌŵĂdžŝŵƵŵƌĞĐƌĞĂƚŝŽŶĂůƵƐĞ͘ĚũƵƐƚ >ĂƌŐĞŵŽƵƚŚďĂƐƐ͕ &ĂŵŝůLJ&ŝƐŚŝŶŐǁĂƚĞƌ ƐƚŽĐŬŝŶŐƌĂƚĞƐƚŽƉƌŽǀŝĚĞŚŝŐŚĐĂƚĐŚƌĂƚĞƐŽŶ zĞůůŽǁƐƚŽŶĞĐƵƚƚŚƌŽĂƚƚƌŽƵƚ;EͿ ƚƌŽƵƚǁŚŝůĞŵĂŝŶƚĂŝŶŝŶŐƌĞĂƐŽŶĂďůĞŐƌŽǁƚŚƌĂƚĞƐ ŽŶƐƚŽĐŬĞĚĨŝƐŚ͘^ƚŽĐŬǁŝƚŚƐƵƌƉůƵƐďƌŽŽĚĨŝƐŚ ƚŽƉƌŽǀŝĚĞŽĐĐĂƐŝŽŶĂůůĂƌŐĞƌƚƌŽƵƚ͘

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 411 

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420 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ^ŵĂůůŵŽƵƚŚďĂƐƐ͕ ,ĂƚĐŚĞƌLJͬ 'ĞŶĞƌĂůͬ DĂŝŶƚĂŝŶĨŝƐŚĞƌLJƚŚƌŽƵŐŚƌĞŐƵůĂƚŝŽŶƐĂŶĚ >ĂƌŐĞŵŽƵƚŚďĂƐƐ͕ tŝůĚ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ƐƚŽĐŬŝŶŐ͘ ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ͕  EŽƌƚŚĞƌŶƉŝŬĞ͕ zĞůůŽǁƉĞƌĐŚ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ǁŽƌŬǁŝƚŚƌĞƐĞƌǀŽŝƌŽƉĞƌĂƚŽƌƐƚŽƌĞŐƵůĂƚĞǁĂƚĞƌůĞǀĞůƐǁŝƚŚĐŽŶƐŝĚĞƌĂƚŝŽŶĨŽƌĨŝƐŚĞƌLJďĞŶĞĨŝƚ͘ dŽŶŐƵĞZŝǀĞƌͲ ϭϴϵŵŝůĞƐ ^ĂƵŐĞƌ;EͿ͕ tŝůĚ 'ĞŶĞƌĂů DĂŝŶƚĂŝŶĨŝƐŚĞƌLJƚŚƌŽƵŐŚƌĞŐƵůĂƚŝŽŶƐĂŶĚ ZĞƐĞƌǀŽŝƌ ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ   ŚĂďŝƚĂƚƉƌŽũĞĐƚƐ;ƉĂƐƐĂŐĞĂƚĚŝǀĞƌƐŝŽŶĚĂŵƐ͕ ƚĂŝůǁĂƚĞƌƚŽ    ŝŶĐƌĞĂƐĞĚĨůŽǁĐŽŶĚŝƚŝŽŶƐͿ͘ zĞůůŽǁƐƚŽŶĞ     ZŝǀĞƌ ZĂŝŶďŽǁƚƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚĂŶĚdĂŬĞ WƵƚĂŶĚƚĂŬĞĨŝƐŚĞƌLJƚŽŵĂdžŝŵŝnjĞĨŝƐŚŝŶŐ     ŽƉƉŽƌƚƵŶŝƚLJŝŶĂƚŚĞƌŵĂůůLJĂůƚĞƌĞĚƐƚƌĞĂŵƌĞĂĐŚ͘       ƌŽǁŶƚƌŽƵƚ tŝůĚ 'ĞŶĞƌĂů KŶĞͲƚŝŵĞƐƚŽĐŬŝŶŐƚŽĞƐƚĂďůŝƐŚƐĞůĨͲƐƵƐƚĂŝŶŝŶŐ     ƉŽƉƵůĂƚŝŽŶŝŶŽƌĚĞƌƚŽŵĂdžŝŵŝnjĞĨŝƐŚŝŶŐ     ŽƉƉŽƌƚƵŶŝƚLJŝŶĂƚŚĞƌŵĂůůLJĂůƚĞƌĞĚƐƚƌĞĂŵƌĞĂĐŚ͘       ^ŚŽǀĞůŶŽƐĞƐƚƵƌŐĞŽŶ;EͿ tŝůĚ 'ĞŶĞƌĂů DŽŶŝƚŽƌƵƐĂŐĞŽĨdŽŶŐƵĞZŝǀĞƌĂŶĚƉŽƚĞŶƚŝĂůĨŽƌ     ƐƉĞĐŝĞƐƚŽƐƵĐĐĞƐƐĨƵůůLJƵƐĞDƵŐŐůŝLJƉĂƐƐĂŶĚ     ƌĞͲĞƐƚĂďůŝƐŚƉŽƉƵůĂƚŝŽŶŽƌƐĞĂƐŽŶĂůƵƐĂŐĞŽĨ     dŽŶŐƵĞZŝǀĞƌƵƉƐƚƌĞĂŵŽĨdΘzĂŵ͘       ůƵĞƐƵĐŬĞƌ;EͿ͕ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DŽŶƚĂŶĂ^ƉĞĐŝĞƐŽĨŽŶĐĞƌŶ͕ŵŽŶŝƚŽƌƵƐĞĂŶĚ  ^ƚƵƌŐĞŽŶĐŚƵď;EͿ   ƉŽƚĞŶƚŝĂůĨŽƌƐƉĂǁŶŝŶŐĂĐƚŝǀŝƚLJŝŶdŽŶŐƵĞZŝǀĞƌ͘     ŽŶƚŝŶƵĞƚŽŵŽŶŝƚŽƌƉĂƐƐĂŐĞŽĨůƵĞ^ƵĐŬĞƌ     ƚŚƌŽƵŐŚƚŚĞDƵŐŐůŝLJƉĂƐƐĂŶĚƵƐĞŽĨƌŝǀĞƌ     ƵƉƐƚƌĞĂŵŽĨdΘzĂŵ͘       tĂůůĞLJĞ͕ tŝůĚ 'ĞŶĞƌĂů DĂdžŝŵŝnjĞŚĂƌǀĞƐƚĂŶĚĨŝƐŚŝŶŐŽƉƉŽƌƚƵŶŝƚLJƚŽ  ^ŵĂůůŵŽƵƚŚďĂƐƐ͕   ƌĞĚƵĐĞĐŽŵƉĞƚŝƚŝŽŶǁŝƚŚ^ĂƵŐĞƌ͘  EŽƌƚŚĞƌŶƉŝŬĞ         ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ

421 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ DƵůƚŝƐƉĞĐŝĞƐ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶͬ DĂŶĂŐĞĨŽƌƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚŝŶŐŽƉƉŽƌƚƵŶŝƚLJ  'ĞŶĞƌĂů ǁŚĞƌĞĂƉƉůŝĐĂďůĞ͘DŽŶŝƚŽƌŶŽŶͲŐĂŵĞĨŝƐŚ  ƐƉĞĐŝĞƐĨŽƌŶĂƚŝǀĞĨŝƐŚĂƐƐĞŵďůĂŐĞĂŶĚŽǀĞƌĂůů ĞĐŽƐLJƐƚĞŵŚĞĂůƚŚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tŽƌŬǁŝƚŚƌĞƐĞƌǀŽŝƌŽƉĞƌĂƚŽƌƚŽŵĂŶĂŐĞǁĂƚĞƌƌĞůĞĂƐĞƐƚŽŵŝŵŝĐŶĂƚƵƌĂůŚLJĚƌŽŐƌĂƉŚĂŶĚŵĂŶĂŐĞĨůŽǁƚŽĂǀŽŝĚƐƚƌĂŶĚŝŶŐĨŝƐŚ͘ tŽƌŬǁŝƚŚŝƌƌŝŐĂƚŽƌƐĂŶĚǁĂƚĞƌĐŽŵŵŝƐƐŝŽŶĞƌƐƚŽŵĂŝŶƚĂŝŶ^ƚĂƚĞ͛Ɛ/ŶƐƚƌĞĂŵƌĞƐĞƌǀĂƚŝŽŶƐĂƚDŝůĞƐŝƚLJŽĨϳϱĐĨƐĞĂĐŚŵŽŶƚŚďƵƚƐƚƌĞƐƐŶĞĞĚĨŽƌĨŽůůŽǁŝŶŐĨůŽǁƐ ƚŽĨĂĐŝůŝƚĂƚĞĨŝƐŚƐƉĂǁŶŝŶŐŵŝŐƌĂƚŝŽŶƐĂŶĚůĂƌǀĂůƐƵƌǀŝǀĂů͗ϭϵϬĐĨƐ^ĞƉƚĞŵďĞƌͲ&ĞďƌƵĂƌLJ͖ϱϮϱĐĨƐDĂƌĐŚʹƉƌŝů͖ϲϬϬĐĨƐDĂLJͲ:ƵůLJϭϱ͖ϮϮϱĐĨƐ:ƵůLJϭϲʹƵŐƵƐƚ͘ ZĞĚƵĐĞĨŝƐŚĞŶƚƌĂŝŶŵĞŶƚŝŶƚŽŝƌƌŝŐĂƚŝŽŶŝŶƚĂŬĞƐ͘tŽƌŬǁŝƚŚdΘzĂŶĂůďŽĂƌĚƚŽƐĞĐƵƌĞǁƌŝƚƚĞŶĂŐƌĞĞŵĞŶƚĨŽƌůŽŶŐͲƚĞƌŵŽƉĞƌĂƚŝŽŶŽĨDƵŐŐůŝLJƉĂƐƐĂŶĚƵƐĞŽĨ ĐĂŶĂůĨŝƐŚƐĐƌĞĞŶƐ͘ /ŶƚĞƌŵŝƚƚĞŶƚ  DƵůƚŝ^ƉĞĐŝĞƐ tŝůĚ 'ĞŶĞƌĂůͬ DĂŝŶƚĂŝŶĨŝƐŚĞƌLJƚŚƌŽƵŐŚŚĂďŝƚĂƚƉƌŽƚĞĐƚŝŽŶĂŶĚ ^ƚƌĞĂŵƐ͗  ŽŶƐĞƌǀĂƚŝŽŶ ƌĞƐƚŽƌĂƚŝŽŶ͘DĂŝŶƚĂŝŶŽƌŝŶĐƌĞĂƐĞĐŽŶŶĞĐƚŝǀŝƚLJ͘ WƵŵƉŬŝŶƌĞĞŬ͕ ϭϳϭŵŝůĞƐ KƉƉŽƌƚƵŶŝƐƚŝĐŵŽŶŝƚŽƌƚŽĨƵƌƚŚĞƌƵŶĚĞƌƐƚĂŶĚ KƚƚĞƌƌĞĞŬ͕ ϭϬϯŵŝůĞƐ ƐLJƐƚĞŵĂŶĚƉŽƉƵůĂƚŝŽŶĚLJŶĂŵŝĐƐ͘ ,ĂŶŐŝŶŐtŽŵĞŶƌŬ ϰϴŵŝůĞƐ   ƉŚĞŵĞƌĂů  ^ƚƌĞĂŵƐ͗  ϵǁŝƚŚ sĂƌŝŽƵƐ ĚŽĐƵŵĞŶƚĞĚĨŝƐŚ ƉŽƉƵůĂƚŝŽŶƐ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞĨŝƐŚƉĂƐƐĂŐĞĂƚĐƵƌƌĞŶƚƌĞƐƚƌŝĐƚŝŽŶƐ;ĐƵůǀĞƌƚƐ͕ĨŽƌĚƐ͕ĚĂŵƐͿĂŶĚĞŶƐƵƌĞĨƵƚƵƌĞƐƚƌƵĐƚƵƌĞƐƉƌŽǀŝĚĞĨŽƌĂĚĞƋƵĂƚĞǁĂƚĞƌĨůŽǁ ĂŶĚĨŝƐŚƉĂƐƐĂŐĞ͘ ^ŵĂůůWƌŝǀĂƚĞ sĂƌŝŽƵƐ dƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚĂŶĚdĂŬĞ WƵďůŝĐƌĞůĂƚŝŽŶƐŽƉƉŽƌƚƵŶŝƚLJǁŝƚŚůĂŶĚŽǁŶĞƌƐƚŽ WŽŶĚƐͬZĞƐĞƌǀŽŝƌƐ    ƉƌŽǀŝĚĞůŽĐĂůĨŝƐŚŝŶŐŽƉƉŽƌƚƵŶŝƚLJĨŽƌƌƵƌĂů     ĐŽŵŵƵŶŝƚLJ͘DĂŝŶƚĂŝŶĨŝƐŚĞƌLJƚŚƌŽƵŐŚ     ŵŽŶŝƚŽƌŝŶŐ͕ƌĞŐƵůĂƚŝŽŶƐĂŶĚĂŶŶƵĂůƐƚŽĐŬŝŶŐ͘       ĂƐƐ͕ tŝůĚͬ 'ĞŶĞƌĂůͬ WƵďůŝĐƌĞůĂƚŝŽŶƐŽƉƉŽƌƚƵŶŝƚLJǁŝƚŚůĂŶĚŽǁŶĞƌƐƚŽ  tĂůůĞLJĞ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ƉƌŽǀŝĚĞůŽĐĂůĨŝƐŚŝŶŐŽƉƉŽƌƚƵŶŝƚLJĨŽƌƌƵƌĂů  EŽƌƚŚĞƌŶƉŝŬĞ   ĐŽŵŵƵŶŝƚLJ͘DĂŝŶƚĂŝŶĨŝƐŚĞƌLJƚŚƌŽƵŐŚ     ŵŽŶŝƚŽƌŝŶŐ͕ƌĞŐƵůĂƚŝŽŶƐĂŶĚƐƚŽĐŬŝŶŐŽƌǁŝůĚĨŝƐŚ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ    ƚƌĂŶƐĨĞƌƐǁŚĞŶŶĞĐĞƐƐĂƌLJ͘

422 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ƌĂƉƉŝĞ͕ tŝůĚͬ 'ĞŶĞƌĂů WƵďůŝĐƌĞůĂƚŝŽŶƐŽƉƉŽƌƚƵŶŝƚLJǁŝƚŚůĂŶĚŽǁŶĞƌƐƚŽ zĞůůŽǁWĞƌĐŚ͕ dƌĂŶƐĨĞƌ ƉƌŽǀŝĚĞůŽĐĂůĨŝƐŚŝŶŐŽƉƉŽƌƚƵŶŝƚLJĨŽƌƌƵƌĂů ůƵĞŐŝůů ĐŽŵŵƵŶŝƚLJ͘WƌŽǀŝĚĞƉĂŶĨŝƐŚĂŶŐůŝŶŐ ŽƉƉŽƌƚƵŶŝƚLJ͕ƐƵƉƉůĞŵĞŶƚƉŽƉƵůĂƚŝŽŶƚŚƌŽƵŐŚ ǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐǁŚĞŶŶĞĐĞƐƐĂƌLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tĂƚĞƌĚĞƉƚŚ;ƉŽŶĚƐůĞƐƐƚŚĂŶϭϮĨĞĞƚĚĞĞƉͿŝƐĂĐŽŵŵŽŶůŝŵŝƚĂƚŝŽŶƚŚĂƚůĞĂĚƐƚŽĨƌĞƋƵĞŶƚǁŝŶƚĞƌŬŝůůƐ͖ůŝŵŝƚĂƚŝŽŶŽĨĨƐĞƚďLJ ĨƌĞƋƵĞŶƚƐĂŵƉůŝŶŐĂŶĚƐƚŽĐŬŝŶŐŽƌǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐ͘ WƵďůŝĐdƌŽƵƚ  dƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚĂŶĚdĂŬĞ ŶŶƵĂůƐƚŽĐŬŝŶŐŽĨƚƌŽƵƚĨŽƌĂŶŐůĞƌŽƉƉŽƌƚƵŶŝƚLJ͘ WŽŶĚƐ͗  DƵĚdƵƌƚůĞ͕ ϮĂĐƌĞ ůĂĐŬƐ^Ăǁŵŝůů͕ ϭĂĐƌĞƐ ĞĂŶ^ ϭĂĐƌĞ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ǁĂƚĞƌĚĞƉƚŚ;ƉŽŶĚƐůĞƐƐƚŚĂŶϭϮĨĞĞƚĚĞĞƉͿŝƐĂĐŽŵŵŽŶůŝŵŝƚĂƚŝŽŶƚŚĂƚůĞĂĚƐƚŽĨƌĞƋƵĞŶƚǁŝŶƚĞƌŬŝůůƐ͖ůŝŵŝƚĂƚŝŽŶŽĨĨƐĞƚďLJĂŶŶƵĂů ƐƚŽĐŬŝŶŐ͘ 

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431 tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ /ŶƚĞƌŵŝƚƚĞŶƚ  DƵůƚŝƐƉĞĐŝĞƐ tŝůĚ 'ĞŶĞƌĂůͬ DĂŶĂŐĞĨŽƌƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚŝŶŐŽƉƉŽƌƚƵŶŝƚLJ ^ƚƌĞĂŵƐ͗  ŽŶƐĞƌǀĂƚŝŽŶ ǁŚĞƌĞĂƉƉůŝĐĂďůĞ͘DŽŶŝƚŽƌŶŽŶͲŐĂŵĞĨŝƐŚ DŝnjƉĂŚƌĞĞŬ͕ ϭϱϬŵŝůĞƐ ƐƉĞĐŝĞƐĨŽƌŶĂƚŝǀĞĨŝƐŚĂƐƐĞŵďůĂŐĞĂŶĚŽǀĞƌĂůů >ŽĐĂƚĞƌĞĞŬ ϰϮŵŝůĞƐ ĞĐŽƐLJƐƚĞŵŚĞĂůƚŚ͘   ƉŚĞŵĞƌĂů sĂƌŝŽƵƐ ^ƚƌĞĂŵƐ͗ϭϬǁŝƚŚ ĚŽĐƵŵĞŶƚĞĚĨŝƐŚ ƉŽƉƵůĂƚŝŽŶƐ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞĨŝƐŚƉĂƐƐĂŐĞĂƚĐƵƌƌĞŶƚƌĞƐƚƌŝĐƚŝŽŶƐ;ĐƵůǀĞƌƚƐ͕ĨŽƌĚƐ͕ĚĂŵƐͿĂŶĚĞŶƐƵƌĞĨƵƚƵƌĞƐƚƌƵĐƚƵƌĞƐƉƌŽǀŝĚĞĨŽƌĂĚĞƋƵĂƚĞĐƌĞĞŬĨůŽǁ ĂŶĚĨŝƐŚƉĂƐƐĂŐĞ͘ ^ŵĂůůWƌŝǀĂƚĞ EƵŵĞƌŽƵƐ dƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ WƵďůŝĐƌĞůĂƚŝŽŶƐŽƉƉŽƌƚƵŶŝƚLJǁŝƚŚůĂŶĚŽǁŶĞƌƐƚŽ WŽŶĚƐͬZĞƐĞƌǀŽŝƌƐ    ƉƌŽǀŝĚĞůŽĐĂůĨŝƐŚŝŶŐŽƉƉŽƌƚƵŶŝƚLJĨŽƌƌƵƌĂů    ĐŽŵŵƵŶŝƚLJ͘DĂŝŶƚĂŝŶĨŝƐŚĞƌLJƚŚƌŽƵŐŚ    ŵŽŶŝƚŽƌŝŶŐ͕ƌĞŐƵůĂƚŝŽŶƐĂŶĚĂŶŶƵĂůƐƚŽĐŬŝŶŐ͘     ĂƐƐ͕ tŝůĚͬ 'ĞŶĞƌĂůͬ WƵďůŝĐƌĞůĂƚŝŽŶƐŽƉƉŽƌƚƵŶŝƚLJǁŝƚŚůĂŶĚŽǁŶĞƌƐƚŽ tĂůůĞLJĞ͕ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ƉƌŽǀŝĚĞůŽĐĂůĨŝƐŚŝŶŐŽƉƉŽƌƚƵŶŝƚLJĨŽƌƌƵƌĂů EŽƌƚŚĞƌŶƉŝŬĞ   ĐŽŵŵƵŶŝƚLJ͘DĂŝŶƚĂŝŶĨŝƐŚĞƌLJƚŚƌŽƵŐŚ    ŵŽŶŝƚŽƌŝŶŐ͕ƌĞŐƵůĂƚŝŽŶƐĂŶĚƐƚŽĐŬŝŶŐǁŚĞŶ    ŶĞĐĞƐƐĂƌLJ͘     ƌĂƉƉŝĞ͕ tŝůĚͬ 'ĞŶĞƌĂů WƵďůŝĐƌĞůĂƚŝŽŶƐŽƉƉŽƌƚƵŶŝƚLJǁŝƚŚůĂŶĚŽǁŶĞƌƐƚŽ zĞůůŽǁƉĞƌĐŚ͕ dƌĂŶƐĨĞƌ ƉƌŽǀŝĚĞůŽĐĂůĨŝƐŚŝŶŐŽƉƉŽƌƚƵŶŝƚLJĨŽƌƌƵƌĂů ůƵĞŐŝůů ĐŽŵŵƵŶŝƚLJ͘WƌŽǀŝĚĞƉĂŶĨŝƐŚĂŶŐůŝŶŐ ŽƉƉŽƌƚƵŶŝƚLJ͕ƐƵƉƉůĞŵĞŶƚƉŽƉƵůĂƚŝŽŶƚŚƌŽƵŐŚ ǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐǁŚĞŶŶĞĐĞƐƐĂƌLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tĂƚĞƌĚĞƉƚŚƐ͘;ůĞƐƐƚŚĂŶϭϮĨĞĞƚĚĞĞƉͿŝƐĂĐŽŵŵŽŶůŝŵŝƚĂƚŝŽŶƚŚĂƚůĞĂĚƐƚŽĨƌĞƋƵĞŶƚǁŝŶƚĞƌŬŝůůƐ͖ůŝŵŝƚĂƚŝŽŶŽĨĨƐĞƚďLJĨƌĞƋƵĞŶƚ ƐĂŵƉůŝŶŐĂŶĚƐƚŽĐŬŝŶŐŽƌǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐ͘

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ    ƚŚƌŽƵŐŚƐƚŽĐŬŝŶŐĨŽůůŽǁŝŶŐƉĂůůŝĚƐƚƵƌŐĞŽŶ    ƌĞĐŽǀĞƌLJƉůĂŶ͘ƐƚĂďůŝƐŚĨŝƐŚƉĂƐƐĂŐĞĂƚ/ŶƚĂŬĞ    ŝǀĞƌƐŝŽŶĂŵĂŶĚŵŽŶŝƚŽƌƐƵďƐĞƋƵĞŶƚ    ƵƉƐƚƌĞĂŵƉĂƐƐĂŐĞ͕ŚĂďŝƚĂƚƵƐĂŐĞ͕ĂŶĚƐƉĂǁŶŝŶŐ    ĂĐƚŝǀŝƚŝĞƐ͘     ůƵĞ^ƵĐŬĞƌ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶĂŶĚŝŶǀĞƐƚŝŐĂƚĞůŝĨĞŚŝƐƚŽƌLJ    ĂŶĚŵŽǀĞŵĞŶƚƐƚŚƌŽƵŐŚŽƵƚzĞůůŽǁƐƚŽŶĞZŝǀĞƌ͘     DƵůƚŝƐƉĞĐŝĞƐ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶͬ DĂŶĂŐĞĨŽƌƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚŝŶŐŽƉƉŽƌƚƵŶŝƚLJ 'ĞŶĞƌĂů ǁŚĞƌĞĂƉƉůŝĐĂďůĞ͘DŽŶŝƚŽƌŶŽŶͲŐĂŵĞĨŝƐŚ ƐƉĞĐŝĞƐĨŽƌŶĂƚŝǀĞĨŝƐŚĂƐƐĞŵďůĂŐĞĂŶĚŽǀĞƌĂůů ĞĐŽƐLJƐƚĞŵŚĞĂůƚŚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŶĐƌĞĂƐĞĨŝƐŚƉĂƐƐĂŐĞĂƚĂƌƚĞƌƐǀŝůůĞĂŶĚ/ŶƚĂŬĞŝǀĞƌƐŝŽŶĂŵƐĂŶĚƌĞĚƵĐĞĨŝƐŚĞŶƚƌĂŝŶŵĞŶƚŝŶƚŽŝƌƌŝŐĂƚŝŽŶŝŶƚĂŬĞƐ͘ DĂŝŶƚĂŝŶͬƌĞƐƚŽƌĞƌŝǀĞƌĞĐŽƐLJƐƚĞŵŚĞĂůƚŚĂŶĚĨƵŶĐƚŝŽŶďLJŵŝŶŝŵŝnjŝŶŐŝŵƉĂĐƚƐŽĨƐƚƌĞĂŵďĂŶŬƐƚĂďŝůŝnjĂƚŝŽŶƉƌŽũĞĐƚƐƚŚĞƌĞďLJĚĞĐƌĞĂƐŝŶŐĐŚĂŶŶĞůĐŽŶĨŝŶĞŵĞŶƚ͘ WƌŽƚĞĐƚĐƌŝƚŝĐĂůƐĂƵŐĞƌƐƉĂǁŶŝŶŐŚĂďŝƚĂƚĨƌŽŵDŝůĞƐŝƚLJƚŽ'ůĞŶĚŝǀĞ zĞůůŽǁƐƚŽŶĞ ϭϯϰŵŝůĞƐ WĂĚĚůĞĨŝƐŚ;EͿ tŝůĚ ZĞƐƚƌŝĐƚŝǀĞZĞŐƵůĂƚŝŽŶƐ /ŶƚĞŶƐŝǀĞůLJŵŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶĂŶĚŚĂƌǀĞƐƚƚŽ ZŝǀĞƌʹ    ďĞƌĞĨůĞĐƚŝǀĞŽĨƉŽƉƵůĂƚŝŽŶƚƌĞŶĚƐ͘ ŽŶĨůƵĞŶĐĞŽĨ    DĂŶĂŐĞŵĞŶƚƐŚĂƌĞĚĂŶĚĐŽŽƌĚŝŶĂƚĞĚƚŚƌŽƵŐŚ WŽǁĚĞƌZŝǀĞƌƚŽ    ĂDŽŶƚĂŶĂͬEŽƌƚŚĂŬŽƚĂDĂŶĂŐĞŵĞŶƚWůĂŶ͘ EŽƌƚŚĂŬŽƚĂ    ŶŶƵĂůDĞŵŽƌĂŶĚƵŵŽĨhŶĚĞƌƐƚĂŶĚŝŶŐ ^ƚĂƚĞůŝŶĞ    ďĞƚǁĞĞŶ&tWĂŶĚ'ůĞŶĚŝǀĞŚĂŵďĞƌŽĨ     ŽŵŵĞƌĐĞĨŽƌƉƌŽĐĞƐƐŝŶŐŽĨƉĂĚĚůĞĨŝƐŚĂŶĚ     ƐĂůĞŽĨƉĂĚĚůĞĨŝƐŚƌŽĞĨŽƌĨƵŶĚŝŶŐŽĨĂŶŽŶƉƌŽĨŝƚ     ĐŽŵŵƵŶŝƚLJŐƌĂŶƚƉƌŽŐƌĂŵ͘/ŶĐƌĞĂƐĞĨŝƐŚ     ƉĂƐƐĂŐĞĂƚ/ŶƚĂŬĞĚŝǀĞƌƐŝŽŶĚĂŵƚŽƉƌŽǀŝĚĞ     ĂĚĚŝƚŝŽŶĂůƵƉƐƚƌĞĂŵƐƉĂǁŶŝŶŐŚĂďŝƚĂƚ͘       WĂůůŝĚƐƚƵƌŐĞŽŶ;EͿ tŝůĚͬ ŽŶƐĞƌǀĂƚŝŽŶ ŶĚĂŶŐĞƌĞĚƐƉĞĐŝĞƐ͕ŚĂƌǀĞƐƚƉƌŽŚŝďŝƚĞĚ͘   ,ĂƚĐŚĞƌLJ  ŽŶĚƵĐƚƌĞƐĞĂƌĐŚƚŽĂƐƐŝƐƚĚĞĐŝƐŝŽŶŵĂŬŝŶŐĨŽƌ     ƌĞĐŽǀĞƌLJŽĨƐƉĞĐŝĞƐ͘/ŶĐƌĞĂƐĞŐĞŶĞƚŝĐĚŝǀĞƌƐŝƚLJ     ƚŚƌŽƵŐŚƐƚŽĐŬŝŶŐĨŽůůŽǁŝŶŐƉĂůůŝĚƐƚƵƌŐĞŽŶ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ     ƌĞĐŽǀĞƌLJƉůĂŶ͘ƐƚĂďůŝƐŚĨŝƐŚƉĂƐƐĂŐĞĂƚ/ŶƚĂŬĞ     ŝǀĞƌƐŝŽŶĂŵĂŶĚŵŽŶŝƚŽƌƐƵďƐĞƋƵĞŶƚ     ƵƉƐƚƌĞĂŵƉĂƐƐĂŐĞ͕ŚĂďŝƚĂƚƵƐĂŐĞ͕ĂŶĚƐƉĂǁŶŝŶŐ     ĂĐƚŝǀŝƚŝĞƐ͘        ^ĂƵŐĞƌ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DĂŶĂŐĞƐĂƵŐĞƌƉŽƉƵůĂƚŝŽŶƐĨŽƌůŝŵŝƚĞĚ     ĐŽŶƐƵŵƉƚŝǀĞŚĂƌǀĞƐƚ͘DŽŶŝƚŽƌƚŚƌĞĂƚŽĨ      ŚLJďƌŝĚŝnjĂƚŝŽŶǁŝƚŚǁĂůůĞLJĞĂŶĚĚŝƌĞĐƚ     ŵĂŶĂŐĞŵĞŶƚĚĞĐŝƐŝŽŶƐƚŚĂƚŵĂdžŝŵŝnjĞĂŶŐůĞƌ      ŽƉƉŽƌƚƵŶŝƚLJǁŚŝůĞƉƌŽƚĞĐƚŝŶŐŐĞŶĞƚŝĐŝŶƚĞŐƌŝƚLJ     ŽĨƚŚĞƐĂƵŐĞƌƉŽƉƵůĂƚŝŽŶ͘        ŚĂŶŶĞůĐĂƚĨŝƐŚ;EͿ tŝůĚ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͘^ƚĂŶĚĂƌĚŝnjĞ     ĐĂƚĨŝƐŚƐĂŵƉůŝŶŐŵĞƚŚŽĚƐĨŽƌĐŽŵƉĂƌŝƐŽŶ     ĂĐƌŽƐƐĞĂƐƚĞƌŶDŽŶƚĂŶĂ͘        ^ŚŽǀĞůŶŽƐĞƐƚƵƌŐĞŽŶ;EͿ tŝůĚ 'ĞŶĞƌĂůͬ DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚƐŽŵĞ     ŽŶƐĞƌǀĂƚŝŽŶ ŚĂƌǀĞƐƚŽƉƉŽƌƚƵŶŝƚLJ͘DŽŶŝƚŽƌŚĞĂůƚŚŽĨƚŚŝƐ     ůŽŶŐůŝǀĞĚŶĂƚŝǀĞƐƉĞĐŝĞƐ͘       tĂůůĞLJĞ͕ tŝůĚ 'ĞŶĞƌĂů ZĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJǁŝƚŚĞŵƉŚĂƐŝƐŽŶŚĂƌǀĞƐƚ͘  EŽƌƚŚĞƌŶƉŝŬĞ   DŽŶŝƚŽƌƚŽĞǀĂůƵĂƚĞƐŽƵƌĐĞŽĨǁĂůůĞLJĞŝŶ     zĞůůŽǁƐƚŽŶĞZŝǀĞƌƚŽĚŝƌĞĐƚŵĂŶĂŐĞŵĞŶƚ     ĚĞĐŝƐŝŽŶƐĨŽƌƐĂƵŐĞƌĐŽŶƐĞƌǀĂƚŝŽŶ͘       ůƵĞƐƵĐŬĞƌ;EͿ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶ DŽŶŝƚŽƌƉŽƉƵůĂƚŝŽŶĂŶĚŝŶǀĞƐƚŝŐĂƚĞůŝĨĞŚŝƐƚŽƌLJ     ĂŶĚŵŽǀĞŵĞŶƚƐƚŚƌŽƵŐŚŽƵƚzĞůůŽǁƐƚŽŶĞZŝǀĞƌ͘       DƵůƚŝƐƉĞĐŝĞƐ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶͬ DĂŶĂŐĞĨŽƌƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚŝŶŐŽƉƉŽƌƚƵŶŝƚLJ  'ĞŶĞƌĂů ǁŚĞƌĞĂƉƉůŝĐĂďůĞ͘DŽŶŝƚŽƌŶŽŶͲŐĂŵĞĨŝƐŚ  ƐƉĞĐŝĞƐĨŽƌŶĂƚŝǀĞĨŝƐŚĂƐƐĞŵďůĂŐĞĂŶĚŽǀĞƌĂůů  ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ ĞĐŽƐLJƐƚĞŵŚĞĂůƚŚ͘

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ 

,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŶĐƌĞĂƐĞĨŝƐŚƉĂƐƐĂŐĞĂƚ/ŶƚĂŬĞŝǀĞƌƐŝŽŶĂŵĂŶĚƌĞĚƵĐĞĨŝƐŚĞŶƚƌĂŝŶŵĞŶƚŝŶƚŽŝƌƌŝŐĂƚŝŽŶŝŶƚĂŬĞƐ͘DĂŝŶƚĂŝŶͬƌĞƐƚŽƌĞƌŝǀĞƌ ĞĐŽƐLJƐƚĞŵŚĞĂůƚŚĂŶĚĨƵŶĐƚŝŽŶďLJŵŝŶŝŵŝnjŝŶŐŝŵƉĂĐƚƐŽĨƐƚƌĞĂŵďĂŶŬƐƚĂďŝůŝnjĂƚŝŽŶƉƌŽũĞĐƚƐƚŚĞƌĞďLJĚĞĐƌĞĂƐŝŶŐĐŚĂŶŶĞůĐŽŶĨŝŶĞŵĞŶƚ͘ƐƚĂďůŝƐŚĨŝƐŚƉĂƐƐĂŐĞĂƚ /ŶƚĂŬĞŝǀĞƌƐŝŽŶĂŵĂŶĚŵŽŶŝƚŽƌƐƵďƐĞƋƵĞŶƚƵƉƐƚƌĞĂŵƉĂƐƐĂŐĞĂŶĚŚĂďŝƚĂƚƵƐĂŐĞ͘   DƵůƚŝƐƉĞĐŝĞƐ tŝůĚ ŽŶƐĞƌǀĂƚŝŽŶͬ DĂŝŶƚĂŝŶĨŝƐŚĞƌLJƚŚƌŽƵŐŚŚĂďŝƚĂƚƉƌŽƚĞĐƚŝŽŶ WĞƌĞŶŶŝĂů  'ĞŶĞƌĂů ĂŶĚƌĞƐƚŽƌĂƚŝŽŶ͘DĂŝŶƚĂŝŶŽƌŝŶĐƌĞĂƐĞ ^ƚƌĞĂŵƐ͗ ϮϬϴŵŝůĞƐ ĐŽŶŶĞĐƚŝǀŝƚLJ͘KƉƉŽƌƚƵŶŝƐƚŝĐŵŽŶŝƚŽƌƚŽĨƵƌƚŚĞƌ ZŽƐĞďƵĚ ϭϱϳŵŝůĞƐ ƵŶĚĞƌƐƚĂŶĚƐLJƐƚĞŵĂŶĚƉŽƉƵůĂƚŝŽŶĚLJŶĂŵŝĐƐ͘ K͛&ĂůůŽŶ ϭϬϳŵŝůĞƐ ŝŐWŽƌĐƵƉŝŶĞ ϭϬϯŵŝůĞƐ ^ĂƌƉLJ ϵϴŵŝůĞƐ ĂďŝŶ ϴϳŵŝůĞƐ ^ŽƵƚŚ^ƵŶĚĂLJ ϲϬŵŝůĞƐ ĞĚĂƌ ϱϬŵŝůĞƐ dŚŝƌƚĞĞŶDŝůĞ ϰϵŵŝůĞƐ &Ždž ϰϮŵŝůĞƐ ƵƌŶƐ      /ŶƚĞƌŵŝƚƚĞŶƚ ϴϳŵŝůĞƐ ^ƚƌĞĂŵƐ͗ ϳϮŵŝůĞƐ ^ŽƵƚŚ^ƵŶĚĂLJ ϲϴŵŝůĞƐ ^ĂŶĚƐƚŽŶĞ ϲϯŵŝůĞƐ EŽƌƚŚ^ƵŶĚĂLJ ϱϯŵŝůĞƐ ŚĞƌƌLJ ϯϯŵŝůĞƐ 'ůĞŶĚŝǀĞ ϮϳŵŝůĞƐ ^ǁĞĞŶĞLJ ϮϳŵŝůĞƐ ƌŵĞůůƐ ϭϱŵŝůĞƐ ZĞƐĞƌǀĂƚŝŽŶ  ^ƵŶĚĂLJ ŽŶƚŝŶƵĞŶĞdžƚƉĂŐĞ

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ƉŚĞŵĞƌĂů ^ƚƌĞĂŵƐ͗ϰϴǁŝƚŚ ĚŽĐƵŵĞŶƚĞĚĨŝƐŚ ƉŽƉƵůĂƚŝŽŶƐ

,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗/ŵƉƌŽǀĞĨŝƐŚƉĂƐƐĂŐĞĂƚĐƵƌƌĞŶƚƌĞƐƚƌŝĐƚŝŽŶƐ;ĐƵůǀĞƌƚƐ͕ĨŽƌĚƐ͕ĚĂŵƐͿĂŶĚĞŶƐƵƌĞĨƵƚƵƌĞƐƚƌƵĐƚƵƌĞƐƉƌŽǀŝĚĞĨŽƌĂĚĞƋƵĂƚĞĐƌĞĞŬĨůŽǁ ĂŶĚĨŝƐŚƉĂƐƐĂŐĞ͘ ĂƐƚůĞZŽĐŬ>ĂŬĞ ϭϱϯĂĐƌĞƐ >ĂƌŐĞŵŽƵƚŚďĂƐƐ͕ tŝůĚͬ 'ĞŶĞƌĂůͬ DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͕ƐƵƉƉůĞŵĞŶƚ  tĂůůĞLJĞ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ƉŽƉƵůĂƚŝŽŶƚŚƌŽƵŐŚƐƚŽĐŬŝŶŐŝĨŶĞĐĞƐƐĂƌLJ͘            EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚͬ 'ĞŶĞƌĂů WƌŽǀŝĚĞĂĚĚŝƚŝŽŶĂůĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ   ,ĂƚĐŚĞƌLJ  ĐŽŶƚƌŽůĨŽƌĂŐĞďĂƐĞ͕ƐƵƉƉůĞŵĞŶƚƉŽƉƵůĂƚŝŽŶ     ƚŚƌŽƵŐŚƐƚŽĐŬŝŶŐŝĨŶĞĐĞƐƐĂƌLJ͘     ůƵĞŐŝůů͕ dƌĂŶƐĨĞƌ 'ĞŶĞƌĂů WƌŽǀŝĚĞĂĚĚŝƚŝŽŶĂůƉĂŶĨŝƐŚĂŶŐůŝŶŐĂŶĚƉƌĞLJ ƌĂƉƉŝĞ ďĂƐĞĨŽƌďĂƐƐ͕ƉŝŬĞ͕ĂŶĚǁĂůůĞLJĞ͘DĂŝŶƚĂŝŶ ĨŝƐŚĞƌŝĞƐƚŚƌŽƵŐŚǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗DĂŝŶƚĂŝŶĐƵƌƌĞŶƚĐŽŶĚŝƚŝŽŶƐ͘ ^ŽƵƚŚ^ĂŶĚƐƚŽŶĞ ϭϭϰĂĐƌĞƐ >ĂƌŐĞŵŽƵƚŚďĂƐƐ͕ tŝůĚͬ 'ĞŶĞƌĂůͬ DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͕ƐƵƉƉůĞŵĞŶƚ ZĞƐĞƌǀŽŝƌ tĂůůĞLJĞ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ƉŽƉƵůĂƚŝŽŶƚŚƌŽƵŐŚƐƚŽĐŬŝŶŐŝĨŶĞĐĞƐƐĂƌLJ͘     EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚͬ 'ĞŶĞƌĂů WƌŽǀŝĚĞĂĚĚŝƚŝŽŶĂůĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ  ,ĂƚĐŚĞƌLJ  ĐŽŶƚƌŽůĨŽƌĂŐĞďĂƐĞ͕ƐƵƉƉůĞŵĞŶƚƉŽƉƵůĂƚŝŽŶ    ƚŚƌŽƵŐŚƐƚŽĐŬŝŶŐŝĨŶĞĐĞƐƐĂƌLJ͘     zĞůůŽǁƉĞƌĐŚ͕ dƌĂŶƐĨĞƌ 'ĞŶĞƌĂů WƌŽǀŝĚĞĂĚĚŝƚŝŽŶĂůƉĂŶĨŝƐŚĂŶŐůŝŶŐĂŶĚƉƌĞLJ ƌĂƉƉŝĞ ďĂƐĞĨŽƌďĂƐƐ͕ƉŝŬĞ͕ĂŶĚǁĂůůĞLJĞ͘DĂŝŶƚĂŝŶ ĨŝƐŚĞƌŝĞƐƚŚƌŽƵŐŚǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ǀĂůƵĂƚĞĂŶĚŵŽĚŝĨLJŽǀĞƌĨůŽǁƐƚƌƵĐƚƵƌĞĂƚĚĂŵƚŽƌĞĚƵĐĞĞƐĐĂƉĞŵĞŶƚŽĨĂĚƵůƚĨŝƐŚŝŶƚŽ^ŽƵƚŚ^ĂŶĚƐƚŽŶĞƌĞĞŬ͘ 

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ ĂŬĞƌ>ĂŬĞ ϵϲĂĐƌĞƐ >ĂƌŐĞŵŽƵƚŚďĂƐƐ tŝůĚͬ 'ĞŶĞƌĂůͬ DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͕ƐƵƉƉůĞŵĞŶƚ   ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ƉŽƉƵůĂƚŝŽŶƚŚƌŽƵŐŚƐƚŽĐŬŝŶŐŝĨŶĞĐĞƐƐĂƌLJ͘       EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚͬ 'ĞŶĞƌĂů WƌŽǀŝĚĞĂĚĚŝƚŝŽŶĂůĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ   ,ĂƚĐŚĞƌLJ  ĐŽŶƚƌŽůĨŽƌĂŐĞďĂƐĞ͕ƐƵƉƉůĞŵĞŶƚƉŽƉƵůĂƚŝŽŶ     ƚŚƌŽƵŐŚƐƚŽĐŬŝŶŐŝĨŶĞĐĞƐƐĂƌLJ͘       zĞůůŽǁƉĞƌĐŚ͕ dƌĂŶƐĨĞƌ 'ĞŶĞƌĂů WƌŽǀŝĚĞĂĚĚŝƚŝŽŶĂůƉĂŶĨŝƐŚĂŶŐůŝŶŐĂŶĚƉƌĞLJ  ƌĂƉƉŝĞ ďĂƐĞĨŽƌďĂƐƐĂŶĚƉŝŬĞ͘DĂŝŶƚĂŝŶĨŝƐŚĞƌŝĞƐ  ƚŚƌŽƵŐŚǁŝůĚƚƌĂŶƐĨĞƌƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗ƐƵďƐƚĂŶƚŝĂůƌĞŚĂďŝůŝƚĂƚŝŽŶŽĨƚŚĞůĂŬĞŚĂƐŽĐĐƵƌƌĞĚĂŶĚǁŝůůďĞĐŽŵƉůĞƚĞĚŝŶϮϬϭϵ͘dŚŝƐŵĂLJŝŶĐƌĞĂƐĞǁĂƚĞƌĚĞƉƚŚƐĂŶĚƌĞĚƵĐĞ ĨƌĞƋƵĞŶĐLJŽĨŚŝƐƚŽƌŝĐĂůƉƌŽďůĞŵŽĨǁŝŶƚĞƌŬŝůůƐ͖ůŝŵŝƚĂƚŝŽŶŽĨĨƐĞƚďLJĨƌĞƋƵĞŶƚƐĂŵƉůŝŶŐĂŶĚƐƚŽĐŬŝŶŐŽƌǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐ͘ ^ƉŽƚƚĞĚĂŐůĞ ϯϲĂĐƌĞƐ ůů^ƉĞĐŝĞƐ tŝůĚͬ ZĞƐƚƌŝĐƚŝǀĞƌĞŐƵůĂƚŝŽŶƐ ,ŝŐŚĂŶŐůĞƌƉƌĞƐƐƵƌĞĂŶĚůŝŵŝƚĞĚŶĂƚƵƌĂůĨŝƐŚ WŽŶĚ  ,ĂƚĐŚĞƌLJͬ  ƉƌŽĚƵĐƚŝŽŶŵĂŶĚĂƚĞƐĂƌĞĚƵĐĞĚŚĂƌǀĞƐƚ͗ϱĨŝƐŚ  dƌĂŶƐĨĞƌ  ĚĂŝůLJĂŶĚŝŶƉŽƐƐĞƐƐŝŽŶ͕ĂŶLJĐŽŵďŝŶĂƚŝŽŶŽĨ    ƐƉĞĐŝĞƐ͘     >ĂƌŐĞŵŽƵƚŚďĂƐƐ͕ tŝůĚͬ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͕ƐƵƉƉůĞŵĞŶƚ tĂůůĞLJĞ͕ ,ĂƚĐŚĞƌLJ  ƉŽƉƵůĂƚŝŽŶƚŚƌŽƵŐŚƐƚŽĐŬŝŶŐŝĨŶĞĐĞƐƐĂƌLJ͘ EŽƌƚŚĞƌŶƉŝŬĞ        ŚĂŶŶĞůĐĂƚĨŝƐŚ tŝůĚͬ 'ĞŶĞƌĂů WƌŽǀŝĚĞĂĚĚŝƚŝŽŶĂůĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ  dƌĂŶƐĨĞƌ  ĐŽŶƚƌŽůĨŽƌĂŐĞďĂƐĞ͕ƐƵƉƉůĞŵĞŶƚƉŽƉƵůĂƚŝŽŶ    ƚŚƌŽƵŐŚǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐŝĨŶĞĐĞƐƐĂƌLJ͘     zĞůůŽǁƉĞƌĐŚ͕ dƌĂŶƐĨĞƌ 'ĞŶĞƌĂů WƌŽǀŝĚĞĂĚĚŝƚŝŽŶĂůƉĂŶĨŝƐŚĂŶŐůŝŶŐĂŶĚƉƌĞLJ ƌĂƉƉŝĞ͕ ďĂƐĞĨŽƌďĂƐƐ͕ƉŝŬĞ͕ĂŶĚǁĂůůĞLJĞ͘DĂŝŶƚĂŝŶ ůƵĞŐŝůů ĨŝƐŚĞƌŝĞƐƚŚŽƌŽƵŐŚǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗WŽŽƌŶĂƚƵƌĂůĨŝƐŚƉƌŽĚƵĐƚŝŽŶ͕ŐƌŽǁƚŚ͕ĂŶĚƌĞĐƌƵŝƚŵĞŶƚďĞĐĂƵƐĞŽĨĐŽŵƉĞƚŝƚŝŽŶǁŝƚŚŶŽŶͲƚĂƌŐĞƚƐƉĞĐŝĞƐ;ŵŝŐƌĂƚŝŶŐĨƌŽŵdŽŶŐƵĞ ZŝǀĞƌͿ͕ůŝƚƚůĞŚĂďŝƚĂƚĐŽŵƉůĞdžŝƚLJ͕ĂŶĚĂƋƵĂƚŝĐǀĞŐĞƚĂƚŝŽŶƐŝƐůŝŵŝƚĞĚ͘KĨĨƐĞƚǁŝƚŚĨƌĞƋƵĞŶƚǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐĂŶĚŚĂďŝƚĂƚƉƌŽũĞĐƚƐĂŝŵĞĚĂƚŝŶĐƌĞĂƐŝŶŐǁĂƚĞƌ ƋƵĂůŝƚLJĂŶĚƌĞĚƵĐŝŶŐŶŽŶͲƚĂƌŐĞƚĨŝƐŚĂďƵŶĚĂŶĐĞ͘

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ 'ĂƌƚƐŝĚĞ ϯϱĂĐƌĞƐ >ĂƌŐĞŵŽƵƚŚďĂƐƐ͕ tŝůĚͬ 'ĞŶĞƌĂůͬ DĂŝŶƚĂŝŶĨŝƐŚĞƌLJƚŚƌŽƵŐŚƌĞŐƵůĂƚŝŽŶƐĂŶĚ ZĞƐĞƌǀŽŝƌ EŽƌƚŚĞƌŶƉŝŬĞ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ƐƚŽĐŬŝŶŐŝĨŶĞĐĞƐƐĂƌLJ͘       ůƵĞŐŝůů͕ dƌĂŶƐĨĞƌ 'ĞŶĞƌĂů WƌŽǀŝĚĞĂĚĚŝƚŝŽŶĂůƉĂŶĨŝƐŚĂŶŐůŝŶŐĂŶĚƉƌĞLJ  zĞůůŽǁƉĞƌĐŚ͕ ďĂƐĞĨŽƌďĂƐƐ͕ƉŝŬĞ͕ĂŶĚǁĂůůĞLJĞ͘DĂŝŶƚĂŝŶ  ƌĂƉƉŝĞ ĨŝƐŚĞƌŝĞƐƚŚƌŽƵŐŚǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐ͘  :ŽŚŶƐŽŶ ϮϭĂĐƌĞƐ zĞůůŽǁƉĞƌĐŚ tŝůĚͬ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͘^ƵƉƉůĞŵĞŶƚ ZĞƐĞƌǀŽŝƌ dƌĂŶƐĨĞƌ ƉŽƉƵůĂƚŝŽŶƚŚƌŽƵŐŚǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐŝĨ ŶĞĐĞƐƐĂƌLJ͘hƚŝůŝnjĞƉŽƉƵůĂƚŝŽŶĨŽƌƚƌĂŶƐĨĞƌƚŽ ŽƚŚĞƌƉŽŶĚƐ͘  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗hƚŝůŝnjĞLJĞůůŽǁƉĞƌĐŚƉŽƉƵůĂƚŝŽŶĂƐĚŽŶŽƌƐŽƵƌĐĞĨŽƌǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐƚŽŽƚŚĞƌƉŽŶĚƐͬƌĞƐĞƌǀŽŝƌƐ͘džƉůŽƌĞŽƉƉŽƌƚƵŶŝƚŝĞƐƚŽ ĐŽŶƚƌŽůĨŽƌĂŐĞďĂƐĞ͘  ZĂƚƚůĞƐŶĂŬĞ ϭϮĂĐƌĞƐ ƌĂƉƉŝĞ tŝůĚͬ 'ĞŶĞƌĂů WƌŽǀŝĚĞƉĂŶĨŝƐŚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͕ ZĞƐĞƌǀŽŝƌ dƌĂŶƐĨĞƌ ƐƵƉƉůĞŵĞŶƚƉŽƉƵůĂƚŝŽŶƚŚƌŽƵŐŚǁŝůĚĨŝƐŚ ƚƌĂŶƐĨĞƌƐǁŚĞŶŶĞĐĞƐƐĂƌLJ͘  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗>ŝŵŝƚĞĚǁĂƚĞƌĚĞƉƚŚĂŶĚƐĞǀĞƌŝƚLJŽĨǁŝŶƚĞƌĐƌĞĂƚĞƐĂŶĂŶŶƵĂůƉƌŽďůĞŵŽĨƉĂƌƚŝĂůŽƌƚŽƚĂůǁŝŶƚĞƌŬŝůů͖>DƌĞďƵŝůƚĚĂŵŝŶϮϬϭϴ͖ ůŝŵŝƚĂƚŝŽŶŽĨĨƐĞƚďLJĂĞƌĂƚŽƌŝŶƐƚĂůůĂƚŝŽŶĂŶĚĨƌĞƋƵĞŶƚƐĂŵƉůŝŶŐĂŶĚǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐ͘  ,ŽŵĞƐƚĞĂĚ ϭϮĂĐƌĞƐ zĞůůŽǁƉĞƌĐŚ tŝůĚͬ 'ĞŶĞƌĂů DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͘^ƵƉƉůĞŵĞŶƚ ZĞƐĞƌǀŽŝƌ  dƌĂŶƐĨĞƌ  ƉŽƉƵůĂƚŝŽŶƚŚƌŽƵŐŚǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐŝĨ    ŶĞĐĞƐƐĂƌLJ͘     EŽƌƚŚĞƌŶƉŝŬĞ tŝůĚͬ 'ĞŶĞƌĂů WƌŽǀŝĚĞĂĚĚŝƚŝŽŶĂůĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ ,ĂƚĐŚĞƌLJ ĐŽŶƚƌŽůĨŽƌĂŐĞďĂƐĞ͕ƐƵƉƉůĞŵĞŶƚƉŽƉƵůĂƚŝŽŶ ƚŚƌŽƵŐŚƐƚŽĐŬŝŶŐŝĨŶĞĐĞƐƐĂƌLJ͘  ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tĂƚĞƌĚĞƉƚŚ;ůĞƐƐƚŚĂŶϭϮĨĞĞƚĚĞĞƉͿƚŚĂƚŽĐĐĂƐŝŽŶĂůůLJůĞĂĚƐƚŽǁŝŶƚĞƌŬŝůů͖ůŝŵŝƚĂƚŝŽŶŽĨĨƐĞƚďLJǁŝŶĚŵŝůůĂĞƌĂƚŽƌ͕ĨƌĞƋƵĞŶƚ ƐĂŵƉůŝŶŐĂŶĚƐƚŽĐŬŝŶŐŽƌǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐ͘

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tĂƚĞƌ DŝůĞƐͬĂĐƌĞƐ ^ƉĞĐŝĞƐ ZĞĐƌƵŝƚŵĞŶƚ DĂŶĂŐĞŵĞŶƚdLJƉĞ DĂŶĂŐĞŵĞŶƚŝƌĞĐƚŝŽŶ ^ŽƵƌĐĞ DĂƌƐŚĂůů ϭϭĂĐƌĞƐ >ĂƌŐĞŵŽƵƚŚďĂƐƐ tŝůĚͬ 'ĞŶĞƌĂůͬ DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͕ƐƵƉƉůĞŵĞŶƚ ZĞƐĞƌǀŽŝƌ͕ ϭϬĂĐƌĞƐ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ƉŽƉƵůĂƚŝŽŶƚŚƌŽƵŐŚƐƚŽĐŬŝŶŐŝĨŶĞĐĞƐƐĂƌLJ͘ ^ŝůǀĞƌƚŝƉ ZĞƐĞƌǀŽŝƌ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tĂƚĞƌĚĞƉƚŚ;ůĞƐƐƚŚĂŶϭϮĨĞĞƚĚĞĞƉͿŝƐĂůŝŵŝƚĂƚŝŽŶƚŚĂƚůĞĂĚƐƚŽǁŝŶƚĞƌŬŝůů͖ůŝŵŝƚĂƚŝŽŶŽĨĨƐĞƚďLJǁŝŶĚŵŝůůĂĞƌĂƚŽƌ͕ĨƌĞƋƵĞŶƚ ƐĂŵƉůŝŶŐĂŶĚƐƚŽĐŬŝŶŐŽƌǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐ͘ ,ŽůůĞĐŬĞƌWŽŶĚ ϳĂĐƌĞƐ >ĂƌŐĞŵŽƵƚŚďĂƐƐ tŝůĚͬ ZĞƐƚƌŝĐƚŝǀĞƌĞŐƵůĂƚŝŽŶƐ DĂŶĂŐĞĂƐĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ͕ƐƵƉƉůĞŵĞŶƚ  ,ĂƚĐŚĞƌLJ  ƉŽƉƵůĂƚŝŽŶƚŚƌŽƵŐŚƐƚŽĐŬŝŶŐŝĨŶĞĐĞƐƐĂƌLJ͘     ůƵĞŐŝůů tŝůĚͬ 'ĞŶĞƌĂů WƌŽǀŝĚĞĂĚĚŝƚŝŽŶĂůĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJĂŶĚ  dƌĂŶƐĨĞƌ  ĐŽŶƚƌŽůĨŽƌĂŐĞďĂƐĞ͕ƐƵƉƉůĞŵĞŶƚƉŽƉƵůĂƚŝŽŶ    ƚŚƌŽƵŐŚǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌŝĨŶĞĐĞƐƐĂƌLJ͘     dƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚĂŶĚdĂŬĞ ŶŶƵĂůƐƚŽĐŬŝŶŐŽĨĐĂƚĐŚĂďůĞƐŝnjĞĚƚƌŽƵƚĨŽƌŬŝĚƐ ĨŝƐŚŝŶŐĚĂLJĂŶĚŐĞŶĞƌĂůĂŶŐůĞƌĞŶũŽLJŵĞŶƚ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗&ƌĞƋƵĞŶƚĞƐƚĂďůŝƐŚŵĞŶƚŽĨƵŶĚĞƐŝƌĂďůĞƐƉĞĐŝĞƐǀŝĂŝƌƌŝŐĂƚŝŽŶǁĂƚĞƌƐƵƉƉůLJŽƌĨƌŽŵŝůůĞŐĂůŝŶƚƌŽĚƵĐƚŝŽŶƐ͘DĂŶĂŐĞŵĞŶƚŽĨ ƵŶĚĞƐŝƌĂďůĞƐƉĞĐŝĞƐŵĂLJƌĞƋƵŝƌĞƉŽŶĚƌĞŚĂďŝůŝƚĂƚŝŽŶďLJŵĞĐŚĂŶŝĐĂůĚƌĂŝŶŝŶŐ͘ DĂŝĞƌWŽŶĚ ϲĂĐƌĞƐ zĞůůŽǁƉĞƌĐŚ tŝůĚͬ 'ĞŶĞƌĂů WƌŽǀŝĚĞƉĂŶĨŝƐŚĂŶŐůŝŶŐŽƉƉŽƌƚƵŶŝƚLJ͖ŵĂŝŶƚĂŝŶ dƌĂŶƐĨĞƌ ĨŝƐŚĞƌŝĞƐƚŚƌŽƵŐŚǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐǁŚĞŶ ŶĞĐĞƐƐĂƌLJ͘ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tĂƚĞƌĚĞƉƚŚ;ůĞƐƐƚŚĂŶϭϮĨĞĞƚĚĞĞƉͿŝƐĂůŝŵŝƚĂƚŝŽŶƚŚĂƚůĞĂĚƐƚŽǁŝŶƚĞƌŬŝůů͖ůŝŵŝƚĂƚŝŽŶŽĨĨƐĞƚďLJǁŝŶĚŵŝůůĂĞƌĂƚŽƌ͕ĨƌĞƋƵĞŶƚ ƐĂŵƉůŝŶŐĂŶĚƐƚŽĐŬŝŶŐŽƌǁŝůĚĨŝƐŚƚƌĂŶƐĨĞƌƐ͘ WƵďůŝĐdƌŽƵƚ  dƌŽƵƚ ,ĂƚĐŚĞƌLJ WƵƚ͕'ƌŽǁĂŶĚdĂŬĞ ŶŶƵĂůƐƚŽĐŬŝŶŐŽĨƚƌŽƵƚĨŽƌĂŶŐůĞƌŽƉƉŽƌƚƵŶŝƚLJ͘ ƉŽŶĚƐ͗  ůĂƌŬƐ͕ ϯϰĂĐƌĞƐ ^ŽƵƚŚ&ŽƌŬ ϭϵĂĐƌĞƐ KŝůWƵŵƉ͕ ϳĂĐƌĞƐ ,ĂƌŵƐ͕ ϱĂĐƌĞƐ &Žƌƚ<ĞŽŐŚ ϯĂĐƌĞƐ ,ĂďŝƚĂƚŶĞĞĚƐĂŶĚĂĐƚŝǀŝƚŝĞƐ͗tĂƚĞƌĚĞƉƚŚ;ůĞƐƐƚŚĂŶϭϮĨĞĞƚĚĞĞƉͿŝƐĂůŝŵŝƚĂƚŝŽŶƚŚĂƚůĞĂĚƐƚŽǁŝŶƚĞƌŬŝůů͖ůŝŵŝƚĂƚŝŽŶŽĨĨƐĞƚďLJĂŶŶƵĂůƐƚŽĐŬŝŶŐ͘

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480 */266$5<  dĞƌŵŽƌWŚƌĂƐĞ ĞĨŝŶŝƚŝŽŶ ĚĨůƵǀŝĂů >ŝĨĞŚŝƐƚŽƌLJƐƚƌĂƚĞŐLJŝŶǁŚŝĐŚĂĚƵůƚĨŝƐŚƐƉĂǁŶĂŶĚũƵǀĞŶŝůĞƐƐƵďƐĞƋƵĞŶƚůLJƌĞĂƌŝŶ ƐƚƌĞĂŵƐďƵƚŵŝŐƌĂƚĞƚŽůĂŬĞƐŽƌƌĞƐĞƌǀŽŝƌƐƚŽĨĞĞĚĂŶĚŵĂƚƵƌĞ͘ ĚŝƉŽƐĞĨŝŶ  ƐŵĂůůĨůĞƐŚLJĨŝŶ;ǁŝƚŚŶŽĨŝŶƌĂLJƐŽƌŵƵƐĐůĞƐͿŽŶƚŚĞďĂĐŬŽĨƐĂůŵŽŶŝĚƐ͕/ĐƚĂůƵƌŝĚƐ  ;ĐĂƚĨŝƐŚĞƐͿ͕ĂŶĚŽƚŚĞƌĨŝƐŚďĞƚǁĞĞŶƚŚĞĚŽƌƐĂůĨŝŶĂŶĚƚŚĞĐĂƵĚĂůĨŝŶ͘tŚĞŶ ƌĞŵŽǀĞĚ͕ŝƚĚŽĞƐŶŽƚŐƌŽǁďĂĐŬ͘ ůŐĂĞ ƐŝŵƉůĞŽƌŐĂŶŝƐŵ;ĞŝƚŚĞƌƐŝŶŐůĞĐĞůůƵůĂƌŽƌŵƵůƚŝĐĞůůƵůĂƌͿƚŚĂƚůĂĐŬƐƚŚĞƐƚƌƵĐƚƵƌĂů ĐŽŵƉŽŶĞŶƚƐŽĨƉůĂŶƚƐ͕ďƵƚŐĞŶĞƌĂůůLJƐƚŝůůĐŽŶĚƵĐƚƉŚŽƚŽƐLJŶƚŚĞƐŝƐ͘ ůŐĂůďůŽŽŵ ƌĂƉŝĚŝŶĐƌĞĂƐĞŝŶƚŚĞĂŵŽƵŶƚŽĨĂůŐĂĞŝŶĂǁĂƚĞƌďŽĚLJ͘ ŵƉŚŝƉŽĚƐ ƋƵĂƚŝĐĐƌƵƐƚĂĐĞĂŶƐǁŝƚŚĐŽŵƉƌĞƐƐĞĚďŽĚŝĞƐ;ĂůƐŽŬŶŽǁŶĂƐĨƌĞƐŚǁĂƚĞƌƐŚƌŝŵƉŽƌ ƐĐƵĚƐͿ͘ ŶŐůĞƌĚĂLJ ƚĞƌŵƵƐĞĚƚŽĚĞƐĐƌŝďĞĨŝƐŚŝŶŐƉƌĞƐƐƵƌĞ͕ŽƌĂŶŐůŝŶŐƵƐĞ͘ŶĂŶŐůĞƌĚĂLJŝƐŽŶĞĚĂLJ ŽĨĨŝƐŚŝŶŐĨŽƌŽŶĞĂŶŐůĞƌ͕ƌĞŐĂƌĚůĞƐƐŽĨĂĐƚƵĂůůĞŶŐƚŚ͘ ŶƚŚƌŽƉŽŐĞŶŝĐ ĞƐĐƌŝďĞƐƚŚĞĞĨĨĞĐƚƐŽĨŚƵŵĂŶƐŽŶƚŚĞĞŶǀŝƌŽŶŵĞŶƚ͘ ƉƉƌŽƉƌŝĂƚŝŽŶ /ŶĨŝƐŚĞƌŝĞƐŵĂŶĂŐĞŵĞŶƚƚŚŝƐƚĞƌŵƌĞĨĞƌƐƚŽƚŚĞǁĂƚĞƌůĂǁ;ŝƌƌŝŐĂƚŝŽŶͿŝŶǁĞƐƚĞƌŶ ƐƚĂƚĞƐŬŶŽǁŶĂƐƚŚĞƉƉƌŽƉƌŝĂƚŝŽŶŽĐƚƌŝŶĞ͘dŚŝƐĚŽĐƚƌŝŶĞŝƐĞƐƐĞŶƚŝĂůůLJĂƌƵůĞŽĨ ĐĂƉƚƵƌĞ͕ĂŶĚĂǁĂƌĚƐĂǁĂƚĞƌƌŝŐŚƚƚŽĂƉĞƌƐŽŶĂĐƚƵĂůůLJƵƐŝŶŐƚŚĞǁĂƚĞƌ͘/ƚŚĂƐƚǁŽ ĨƵŶĚĂŵĞŶƚĂůƉƌŝŶĐŝƉůĞƐ͗ &ŝƌƐƚŝŶƚŝŵĞŽĨƵƐĞŝƐĨŝƌƐƚŝŶƌŝŐŚƚ͘ ƉƉůŝĐĂƚŝŽŶŽĨƚŚĞǁĂƚĞƌƚŽĂďĞŶĞĨŝĐŝĂůƵƐĞŝƐƚŚĞďĂƐŝƐĂŶĚŵĞĂƐƵƌĞŽĨƚŚĞƌŝŐŚƚ͘ ƐƐĞŵďůĂŐĞ  ŐƌŽƵƉŽƌĐŽůůĞĐƚŝŽŶŽĨƐƉĞĐŝĞƐŵĂŬŝŶŐƵƉĂĐŽŵŵƵŶŝƚLJŽĨŽƌŐĂŶŝƐŵƐĂƚĂŐŝǀĞŶ  ƉůĂĐĞŝŶĂŐŝǀĞŶƚŝŵĞ͘ ƐƐĞƐƐŵĞŶƚŽĨŝŽůŽŐŝĐĂů ĐůĂƐƐŝĨŝĐĂƚŝŽŶƚŽŽůƚŽĂƐƐĞƐƐǁĂƚĞƌƉŽůůƵƚŝŽŶƉƌŽďůĞŵƐ͘dŚŝƐĐůĂƐƐŝĨŝĐĂƚŝŽŶ /ŶƚĞŐƌŝƚLJ ĂƐƐŽĐŝĂƚĞƐĂŶƚŚƌŽƉŽŐĞŶŝĐŝŶĨůƵĞŶĐĞƐŽŶĂǁĂƚĞƌďŽĚLJǁŝƚŚďŝŽůŽŐŝĐĂůĂĐƚŝǀŝƚLJŝŶƚŚĞ ǁĂƚĞƌďŽĚLJ͘ ǀŝƐƚĂ  ǀŝƐƚĂĐŽƌƉŽƌĂƚŝŽŶ;ƵƚŝůŝƚLJͿ͘ ĂƌďĞů dŚƌĞĂĚͲůŝŬĞƉƌŽũĞĐƚŝŽŶƐŶĞĂƌƚŚĞŵŽƵƚŚƐŽĨƐŽŵĞĨŝƐŚƐƉĞĐŝĞƐ;Ğ͘Ő͕͘ĐĂƚĨŝƐŚ͕ĐĂƌƉ ƐƚƵƌŐĞŽŶ͕ĞƚĐ͘Ϳ͘ ĞŶƚŚŝĐŵĂĐƌŽ ƋƵĂƚŝĐĂŶŝŵĂůƐ;ǁŝƚŚŽƵƚďĂĐŬďŽŶĞƐ͕ŝŶĐůƵĚŝŶŐĐƌƵƐƚĂĐĞĂŶƐ͕ŝŶƐĞĐƚƐĂŶĚŽƚŚĞƌƐͿ ŝŶǀĞƌƚĞďƌĂƚĞ ƚŚĂƚůŝǀĞŽŶŽƌǁŝƚŚŝŶƚŚĞďŽƚƚŽŵŽĨĂǁĂƚĞƌďŽĚLJĂŶĚĂƌĞǀŝƐŝďůĞǁŝƚŚŽƵƚƚŚĞĂŝĚŽĨ ŵĂŐŶŝĨŝĐĂƚŝŽŶ͘ ůƵĞƌŝďďŽŶ ĚĞƐŝŐŶĂƚŝŽŶƵƐĞĚƚŽĚĞĨŝŶĞĂƚƌŽƵƚƐƚƌĞĂŵǁŝƚŚŚŝŐŚƌĞĐƌĞĂƚŝŽŶĂůǀĂůƵĞ͘ ŽƵůĚĞƌ ^ƚƌĞĂŵƐƵďƐƚƌĂƚĞƉĂƌƚŝĐůĞƐŝnjĞŐƌĞĂƚĞƌƚŚĂŶϮϱϲŵŵ;ϭϬŝŶĐŚĞƐͿ͘ ĂƵĚĂůĨŝŶ dĂŝůĨŝŶŽŶĂĨŝƐŚ͘ ŚĂƌŽƌĐŚĂƌƌ ^ƉĞĐŝĞƐŽĨĨŝƐŚďĞůŽŶŐŝŶŐƚŽƚŚĞŐĞŶƵƐ^ĂůǀĞůŝŶƵƐ͕ŝŶĐůƵĚŝŶŐďƵůů͕ůĂŬĞĂŶĚďƌŽŽŬ ƚƌŽƵƚŝŶDŽŶƚĂŶĂ͕ďƵƚĂůƐŽŝŶĐůƵĚĞƐŽůůLJsĂƌĚĞŶĂŶĚĂƌĐƚŝĐĐŚĂƌƌĞůƐĞǁŚĞƌĞŝŶƚŚĞ h^ĂŶĚĂŶĂĚĂ͘ ůĂĚŽĐĞƌĂ DŝĐƌŽĐƌƵƐƚĂĐĞĂŶƐŽƌǁĂƚĞƌĨůĞĂƐ;ĂƚLJƉĞŽĨnjŽŽƉůĂŶŬƚŽŶͿ͘ ŽďďůĞ  ^ƚƌĞĂŵƐƵďƐƚƌĂƚĞƉĂƌƚŝĐůĞƐďĞƚǁĞĞŶϲϰĂŶĚϭϮϴŵŵ;Ϯ͘ϱͲϱŝŶĐŚĞƐͿŝŶĚŝĂŵĞƚĞƌ͘ ŽůĚǁĂƚĞƌĨŝƐŚ dŚŝƐŝƐĂŐĞŶĞƌĂůƚĞƌŵƚŚĂƚďƌŽĂĚůLJƌĞĨĞƌƐƚŽĨŝƐŚƚŚĂƚƉƌĞĨĞƌĐŽůĚǁĂƚĞƌϰͲϭϱ;ϰϬͲ ϲϬ&Ϳ͕ůŝŬĞƚƌŽƵƚ͕ĐŚĂƌĂŶĚŐƌĂLJůŝŶŐ͘ ŽŵŵƵŶŝƚLJ  ŶĂƐƐĞŵďůĂŐĞŽĨƉůĂŶƚƐĂŶĚĂŶŝŵĂůƐ͕ŽƌƚǁŽŽƌŵŽƌĞƉŽƉƵůĂƚŝŽŶƐŽĨŽƌŐĂŶŝƐŵƐ͕  ŽĐĐƵƉLJŝŶŐĂƐƉĞĐŝĨŝĐĂƌĞĂǁŝƚŚŝŶĂƐƉĞĐŝĨŝĐƚŝŵĞ͘   ŽŶĨŝŶĞĚĐŚĂŶŶĞů ƐƚƌĞĂŵĐŚĂŶŶĞůƚŚĂƚŝƐǁĞůůĚĞĨŝŶĞĚĂŶĚƐƚĂďůĞ;ŽĞƐŶŽƚĞdžŚŝďŝƚůĂƚĞƌĂůŽƌ ǀĞƌƚŝĐĂůŵŽǀĞŵĞŶƚͿ͘  ŽŶĨůƵĞŶĐĞ DĞĞƚŝŶŐŽĨƚǁŽŽƌŵŽƌĞǁĂƚĞƌďŽĚŝĞƐ͕ƵƐƵĂůůLJƌĞĨĞƌƐƚŽƚŚĞũƵŶĐƚŝŽŶŽĨĂƌŝǀĞƌĂŶĚ ĂƐƚƌĞĂŵ͘

481 dĞƌŵŽƌWŚƌĂƐĞ ĞĨŝŶŝƚŝŽŶ ŽŶƐƵŵƉƚŝǀĞĨŝƐŚĞƌLJ WŽƉƵůĂƚŝŽŶŽƌŐƌŽƵƉŽĨĨŝƐŚƉŽƉƵůĂƚŝŽŶŵĂŶĂŐĞĚĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨŚĂƌǀĞƐƚŽƌ ĐŽŶƐƵŵƉƚŝŽŶ͘ ŽŽůǁĂƚĞƌĨŝƐŚ dŚŝƐŝƐĂŐĞŶĞƌĂůƚĞƌŵƚŚĂƚďƌŽĂĚůLJƌĞĨĞƌƐƚŽĨŝƐŚƚŚĂƚƉƌĞĨĞƌĐŽŽůǁĂƚĞƌϭϬͲϮϭ;ϱϬͲ ϳϬͿ͕ůŝŬĞŶŽƌƚŚĞƌŶƉŝŬĞŽƌƐŵĂůůŵŽƵƚŚďĂƐƐ͘ ƌŝƚŝĐĂůŚĂďŝƚĂƚ dŚŝƐƚĞƌŵĚĞĨŝŶĞƐĂŶŽĨĨŝĐŝĂůĚĞƐŝŐŶĂƚŝŽŶŽĨƚŚĞŶĚĂŶŐĞƌĞĚ^ƉĞĐŝĞƐĐƚĂŶĚƌĞĨĞƌƐ ƚŽĂƉŚLJƐŝĐĂůĂƌĞĂĞƐƐĞŶƚŝĂůƚŽƚŚĞĐŽŶƐĞƌǀĂƚŝŽŶŽĨĂůŝƐƚĞĚƐƉĞĐŝĞƐ͘ ƵůǀĞƌƚ ŵĞƚĂů͕ƉůĂƐƚŝĐŽƌĐŽŶĐƌĞƚĞƉŝƉĞ;ŵŽƐƚŽĨƚĞŶĐŽƌƌƵŐĂƚĞĚͿƉůĂĐĞĚƵŶĚĞƌĂƌŽĂĚŽƌ ƌĂŝůǁĂLJƚŽƚƌĂŶƐƉŽƌƚǁĂƚĞƌ͘ Ăŵ ďĂƌƌŝĞƌƚŚĂƚŽďƐƚƌƵĐƚƐƚŚĞĨůŽǁŽĨǁĂƚĞƌĞŝƚŚĞƌŶĂƚƵƌĂůůLJ;Ğ͘Ő͕͘ĂďĞĂǀĞƌĚĂŵŽƌ ůĂŶĚƐůŝĚĞͿŽƌŵĂŶŵĂĚĞ;ĂŶƚŚƌŽƉŽŐĞŶŝĐĂůůLJͿƚŚĂƚŝŶĐƌĞĂƐĞƐƚŚĞǁĂƚĞƌ͛ƐƐƵƌĨĂĐĞ ĞůĞǀĂƚŝŽŶŽŶƚŚĞƵƉƐƚƌĞĂŵƐŝĚĞŽĨƚŚĞďĂƌƌŝĞƌ͘ ĞůƚĂ dŚĞĨůĂƚĂƌĞĂĂƚƚŚĞŵŽƵƚŚŽƌĐŽŶĨůƵĞŶĐĞŽĨĂƐƚƌĞĂŵǁŚĞƌĞĂůůƵǀŝĂůĚĞƉŽƐŝƚƐ ĂĐĐƵŵƵůĂƚĞ͘ ŝƐĐŚĂƌŐĞ ZĂƚĞĂƚǁŚŝĐŚĂǀŽůƵŵĞŽĨǁĂƚĞƌĨůŽǁƐƉĂƐƚĂƐƉĞĐŝĨŝĐƉŽŝŶƚŽǀĞƌƚŝŵĞ͘ĂŵŽƌ ƐƚƌĞĂŵĚŝƐĐŚĂƌŐĞ͕ƵƐƵĂůůLJĞdžƉƌĞƐƐĞĚĂƐĐƵďŝĐĨĞĞƚƉĞƌƐĞĐŽŶĚ;&^Ϳ͘ :Đƚ ŝŶŐĞůůͲ:ŽŚŶƐŽŶĐƚŽƌtĂůůŽƉͲƌĞĂƵdžĐƚƉƌŽǀŝĚĞƐ&ĞĚĞƌĂůĂŝĚƚŽƐƚĂƚĞƐĨŽƌ ŵĂŶĂŐĞŵĞŶƚĂŶĚƌĞƐƚŽƌĂƚŝŽŶŽĨĨŝƐŚ͘/ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĂĐƚĨƵŶĚƐƐƚĂƚĞƐĨŽƌĂƋƵĂƚŝĐ ĞĚƵĐĂƚŝŽŶ͕ǁĞƚůĂŶĚƐƌĞƐƚŽƌĂƚŝŽŶ͕ďŽĂƚƐĂĨĞƚLJĂŶĚĐůĞĂŶǀĞƐƐĞůƐĂŶŝƚĂƚŝŽŶĚĞǀŝĐĞƐ͘ &ƵŶĚƐĂƌĞĚĞƌŝǀĞĚĨƌŽŵĂƚĂdžŽŶƐƉŽƌƚĨŝƐŚŝŶŐƚĂĐŬůĞ͕ŐĞĂƌĂŶĚĞƋƵŝƉŵĞŶƚ͕ĂŶĚ ŵŽƚŽƌďŽĂƚĨƵĞů͘ :ƌĞƉŽƌƚƐ ĚŽĐƵŵĞŶƚƐƵŵŵĂƌŝnjŝŶŐŚŽǁĨĞĚĞƌĂůŝĚŽƌŝŶŐůĞ:ŽŚŶƐŽŶĐƚĨƵŶĚƐǁĞƌĞƐƉĞŶƚ ŽŶĂƉĂƌƚŝĐƵůĂƌƉƌŽũĞĐƚ͘dŚĞƐĞƌĞƉŽƌƚƐĂƌĞƉƌŽĚƵĐĞĚďLJDŽŶƚĂŶĂ&ŝƐŚ͕tŝůĚůŝĨĞĂŶĚ WĂƌŬƐ͛ďŝŽůŽŐŝƐƚƐĂƚůĞĂƐƚĞǀĞƌLJƚǁŽLJĞĂƌƐ͘ ŽƌƐĂů ZĞĨĞƌƌŝŶŐƚŽƚŚĞďĂĐŬŽƌƚŽƉŽĨĂĨŝƐŚ͘ ĐŽƐLJƐƚĞŵ ZĞĨĞƌƐƚŽĂĚŝƐĐƌĞƚĞĐŽŵŵƵŶŝƚLJŽĨůŝǀŝŶŐŽƌŐĂŶŝƐŵƐĂŶĚŶŽŶͲůŝǀŝŶŐĐŽŵƉŽŶĞŶƚƐ ;ůŝŬĞĂŝƌ͕ǁĂƚĞƌĂŶĚƐƵďƐƚƌĂƚĞͿƚŚĂƚŝŶƚĞƌĂĐƚƚŽĨŽƌŵĂĐŽŚĞƐŝǀĞĂƐƐĞŵďůĂŐĞŽƌ ƐLJƐƚĞŵ͘ ĨĨĞĐƚŝǀĞƉŽƉƵůĂƚŝŽŶƐŝnjĞ ƚĞƌŵƵƐĞĚŝŶƉŽƉƵůĂƚŝŽŶŐĞŶĞƚŝĐƐƚŚĂƚƌĞĨĞƌƐƚŽĂŶŚLJƉŽƚŚĞƚŝĐĂůƉŽƉƵůĂƚŝŽŶ ǁŚĞƌĞƚŚĞŶƵŵďĞƌŽĨďƌĞĞĚŝŶŐŝŶĚŝǀŝĚƵĂůƐŝŶĂƉŽƉƵůĂƚŝŽŶƚŚĂƚĞdžŚŝďŝƚŐĞŶĞƚŝĐ ĐŚĂƌĂĐƚĞƌŝƐƚŝĐƐ;ŝŶĐůƵĚŝŶŐŐĞŶĞƚŝĐĚƌŝĨƚ͕ŵƵƚĂƚŝŽŶ͕ĂůůĞůŝĐĨƌĞƋƵĞŶĐŝĞƐĂŶĚ ŝŶďƌĞĞĚŝŶŐͿĂƐĂŶĂƚƵƌĂůƉŽƉƵůĂƚŝŽŶ͘ ůĞĐƚƌŽĨŝƐŚ ĐŽŵŵŽŶ͕ĞĨĨĞĐƚŝǀĞĂŶĚŶŽŶͲŝŶǀĂƐŝǀĞƚĞĐŚŶŝƋƵĞƚŽĐĂƉƚƵƌĞĨŝƐŚƵƐŝŶŐĂŶĞůĞĐƚƌŝĐĂů ĨŝĞůĚ͘ůĞĐƚƌŽĨŝƐŚŝŶŐŝƐĐŽŶĚƵĐƚĞĚƵƐŝŶŐĂǀĂƌŝĞƚLJŽĨŐĞĂƌƌĂŶŐŝŶŐĨƌŽŵďĂĐŬƉĂĐŬ ŵŽƵŶƚĞĚďĂƚƚĞƌLJƉŽǁĞƌĞĚƵŶŝƚƐƚŽŐĞŶĞƌĂƚŽƌƉŽǁĞƌĞĚũĞƚďŽĂƚŵŽƵŶƚĞĚƵŶŝƚƐ͘ůů ŐĞĂƌƐƌĞůLJŽŶƚǁŽĞůĞĐƚƌŽĚĞƐͲĂƉŽƐŝƚŝǀĞĂŶŽĚĞĂŶĚĂŶĞŐĂƚŝǀĞĐĂƚŚŽĚĞ͘ ŶĚĂŶŐĞƌĞĚ^ƉĞĐŝĞƐ dŚĞŶĚĂŶŐĞƌĞĚ^ƉĞĐŝĞƐĐƚ;^ͿƉƌŽǀŝĚĞƐĂƉƌŽŐƌĂŵĨŽƌƚŚĞĐŽŶƐĞƌǀĂƚŝŽŶŽĨ ƚŚƌĞĂƚĞŶĞĚĂŶĚĞŶĚĂŶŐĞƌĞĚƉůĂŶƚƐĂŶĚĂŶŝŵĂůƐĂŶĚƚŚĞŚĂďŝƚĂƚƐŝŶǁŚŝĐŚƚŚĞLJĂƌĞ ĨŽƵŶĚ͘dŚĞůĞĂĚĨĞĚĞƌĂůĂŐĞŶĐŝĞƐĨŽƌŝŵƉůĞŵĞŶƚŝŶŐ^ĂƌĞƚŚĞh͘^͘&ŝƐŚĂŶĚ tŝůĚůŝĨĞ^ĞƌǀŝĐĞ;&t^ͿĂŶĚƚŚĞh͘^͘EĂƚŝŽŶĂůKĐĞĂŶŝĐĂŶĚƚŵŽƐƉŚĞƌŝĐ ĚŵŝŶŝƐƚƌĂƚŝŽŶ;EKͿ&ŝƐŚĞƌŝĞƐ^ĞƌǀŝĐĞ͘dŚĞ&t^ŵĂŝŶƚĂŝŶƐĂǁŽƌůĚǁŝĚĞůŝƐƚŽĨ ĞŶĚĂŶŐĞƌĞĚƐƉĞĐŝĞƐ͘^ƉĞĐŝĞƐŝŶĐůƵĚĞďŝƌĚƐ͕ŝŶƐĞĐƚƐ͕ĨŝƐŚ͕ƌĞƉƚŝůĞƐ͕ŵĂŵŵĂůƐ͕ ĐƌƵƐƚĂĐĞĂŶƐ͕ĨůŽǁĞƌƐ͕ŐƌĂƐƐĞƐ͕ĂŶĚƚƌĞĞƐ͘ ŶĚĞŵŝĐƐƉĞĐŝĞƐ ŶΗĞŶĚĞŵŝĐΗƐƉĞĐŝĞƐŝƐŽŶĞƚŚĂƚŚĂƐĂǀĞƌLJůŝŵŝƚĞĚŐĞŽŐƌĂƉŚŝĐĂƌĞĂŽƌƌĞŐŝŽŶ͘ WŚLJƐŝĐĂů͕ĐůŝŵĂƚŝĐĂŶĚďŝŽůŽŐŝĐĂůĨĂĐƚŽƌƐĐĂŶĐŽŶƚƌŝďƵƚĞƚŽĞŶĚĞŵŝƐŵ͘ŶĚĞŵŝƐŵ ĐĂŶĂƌŝƐĞŝŶƚǁŽǁĂLJƐ͕ĞŝƚŚĞƌĨƌŽŵĂƐŚƌŝŶŬŝŶŐƌĂŶŐĞ͕ĐĂůůĞĚƉĂůĞŽĞŶĚŝŵŝƐŵ͕Žƌ ŵŽƌĞĐŽŵŵŽŶůLJĂƐĂƌĞƐƵůƚŽĨƌĞƉƌŽĚƵĐƚŝǀĞŝƐŽůĂƚŝŽŶƚŚĂƚůĞĂĚƐƚŽƐƉĞĐŝĂƚŝŽŶŽƌ ƚŚĞĐƌĞĂƚŝŽŶŽĨĂŶĞǁƐƉĞĐŝĞƐ͘ĞĐĂƵƐĞŽĨƚŚĞŝƌŝŶŚĞƌĞŶƚůŝŵŝƚĞĚŐĞŽŐƌĂƉŚŝĐ ĚŝƐƚƌŝďƵƚŝŽŶ͕ĞŶĚĞŵŝĐƐĐĂŶĞĂƐŝůLJďĞĐŽŵĞƚŚƌĞĂƚĞŶĞĚ͕ĞŶĚĂŶŐĞƌĞĚŽƌĞdžƚŝŶĐƚ͘ ƉŝůŝŵŶŝŽŶ hƉƉĞƌŵŽƐƚůĂLJĞƌŽĨǁĂƚĞƌŝŶĂůĂŬĞŽƌƌĞƐĞƌǀŽŝƌ͕ĚĞĨŝŶĞĚďLJƵŶŝĨŽƌŵƚĞŵƉĞƌĂƚƵƌĞ͘  

482 dĞƌŵŽƌWŚƌĂƐĞ ĞĨŝŶŝƚŝŽŶ ƵƚƌŽƉŚŝĐĂƚŝŽŶ  ĐŽŶĚŝƚŝŽŶǁŚĞŶƚŽŽŵĂŶLJŶƵƚƌŝĞŶƚƐĂƌĞƉƌĞƐĞŶƚŝŶĂǁĂƚĞƌďŽĚLJ͘dŚŝƐĐĂŶďĞĂ ŶĂƚƵƌĂůƉƌŽĐĞƐƐ͕ďƵƚŝƚŝƐŽĨƚĞŶĂƌĞƐƵůƚŽĨŚƵŵĂŶĂĐƚŝǀŝƚŝĞƐŝŶĐůƵĚŝŶŐƚŚĞĂĚĚŝƚŝŽŶŽĨ ĨĞƌƚŝůŝnjĞƌƐŽƌƐĞǁĂŐĞŝŶƚŽǁĂƚĞƌǁĂLJƐ͘WƌŝŵĂƌŝůLJƌĞĨĞƌƐƚŽƚŚĞĂĚĚŝƚŝŽŶƐŽĨ ƉŚŽƐƉŚĂƚĞƐĂŶĚŶŝƚƌĂƚĞƐŝŶƚŽǁĂƚĞƌƐ͘ džŽƚŝĐƐƉĞĐŝĞƐ ΗdžŽƚŝĐΗŽƌΗŶŽŶͲŶĂƚŝǀĞΗƌĞĨĞƌƐƚŽĂƐƉĞĐŝĞƐƚŚĂƚŝƐŽƌŝŐŝŶĂůůLJĨƌŽŵŽƵƚƐŝĚĞĂ ƉĂƌƚŝĐƵůĂƌĂƌĞĂ͘dŚŝƐĚŽĞƐŶŽƚŝŵƉůLJŝƚŝƐΗŝŶǀĂƐŝǀĞΗ͘/ƚĐĂŶƌĞƉƌĞƐĞŶƚĂŶLJƚŚŝŶŐĨƌŽŵ ĂĨŝƐŚŶĂƚŝǀĞƚŽĞůƐĞǁŚĞƌĞŝŶƚŚĞh^;Ğ͘Ő͕͘ĞĂƐƚĞƌŶďƌŽŽŬƚƌŽƵƚͿ͕ŽƌŽŶĞŶĂƚŝǀĞƚŽ ƐŝĂ;Ğ͘Ő͕͘ŽŵŵŽŶĐĂƌƉͿ͘ džƚĂŶƚ  ƐƉĞĐŝĞƐŽƌĞǀĞŶĂƉŽƉƵůĂƚŝŽŶƚŚĂƚŝƐĐƵƌƌĞŶƚůLJŝŶĞdžŝƐƚĞŶĐĞ͘dŚĞŽƉƉŽƐŝƚĞŽĨ ͞ĞdžƚĂŶƚ͟ŝƐĞdžƚŝŶĐƚ͘ džƚŝƌƉĂƚĞ dŽƌĞŵŽǀĞ͕ĚĞƐƚƌŽLJŽƌĞůŝŵŝŶĂƚĞĐŽŵƉůĞƚĞůLJ LJĞƚŽĨŽƌŬůĞŶŐƚŚ ĐŽŵŵŽŶŵĞƚŚŽĚŽĨŵĞĂƐƵƌŝŶŐƉĂĚĚůĞĨŝƐŚ͕ĨƌŽŵƚŚĞĂŶƚĞƌŝŽƌ;ĨƌŽŶƚͿŽĨƚŚĞĞLJĞ ƚŽƚŚĞĨŽƌŬŝŶƚŚĞƚĂŝů͘ &ĞĐƵŶĚŝƚLJ ZĞĨĞƌƐƚŽĂŶĂŶŝŵĂů͛ƐĨĞƌƚŝůŝƚLJĂŶĚƵƐƵĂůůLJƌĞĨĞƌƐƚŽƉŽƚĞŶƚŝĂůĞŐŐƉƌŽĚƵĐƚŝŽŶ ĐĂƉĂĐŝƚLJ͘ &ĞƌƚŝůĞ ďůĞƚŽƉƌŽĚƵĐĞǀŝĂďůĞŽĨĨƐƉƌŝŶŐ͘ &ŝĚĞůŝƚLJ ZĞĨĞƌƐƚŽďĞŝŶŐĨĂŝƚŚĨƵůŽƌůŽLJĂůĂŶĚŝŶĨŝƐŚĞƌŝĞƐƉĂƌůĂŶĐĞŝƚƌĞĨĞƌƐƚŽĂĨŝƐŚďĞŝŶŐ ůŽLJĂůƚŽŝƚƐƉůĂĐĞŽĨŽƌŝŐŝŶ͕ďLJƌĞƚƵƌŶŝŶŐƚŽƚŚĂƚƉůĂĐĞƚŽƐƉĂǁŶ͘ &ŝŶƌĂLJ dŚĞƐƵƉƉŽƌƚŝŶŐƐƚƌƵĐƚƵƌĞŽĨĨŝƐŚ͛ƐĨŝŶ͕ŵĂĚĞŽĨĐĂƌƚŝůĂŐĞŽƌďŽŶĞƚŚĂƚƉƌŽǀŝĚĞƐ ƌŝŐŝĚŝƚLJďƵƚƐƚŝůůĂůůŽǁƐƚŚĞĨŝŶƐƚŽďĞŵŽǀĞĚ͘ &ŝŶŐĞƌůŝŶŐƐ zŽƵŶŐĨŝƐŚŐĞŶĞƌĂůƚĞƌŵĚĞƐĐƌŝďŝŶŐĨŝƐŚďĞƚǁĞĞŶĨƌLJŽƌůĂƌǀĂĞĂŶĚĂĚƵůƚ͘DŽƐƚ ĐŽŵŵŽŶůLJƵƐĞĚŝŶƌĞĨĞƌĞŶĐĞƚŽŚĂƚĐŚĞƌLJĨŝƐŚ͘ &ŝƐŚŵĂƌŬ ŵŽĚŝĨŝĐĂƚŝŽŶŵĂĚĞƚŽĂĨŝƐŚĨŽƌŝĚĞŶƚŝĨŝĐĂƚŝŽŶ;Ğ͘Ő͕͘ĂĨŝŶĐůŝƉͿ͘ &ŝƐŚƚĂŐ ŵĞƚĂů͕ƉůĂƐƚŝĐ͕ŽƌƌƵďďĞƌŽďũĞĐƚƚŚĂƚŝƐĂƉƉůŝĞĚƚŽĂĨŝƐŚͲĞŝƚŚĞƌŝŶƚĞƌŶĂůůLJŽƌ ĞdžƚĞƌŶĂůůLJͲƚŚĂƚĂůůŽǁƐĨŽƌƚŚĞĨŝƐŚ͛ƐŝĚĞŶƚŝĨŝĐĂƚŝŽŶ;ĞŝƚŚĞƌĂƐƉĂƌƚŽĨĂŐƌŽƵƉŽƌĂƐ ĂŶŝŶĚŝǀŝĚƵĂůͿ͘ &ŝƐŚĞƌLJ ƉŽƉƵůĂƚŝŽŶŽƌĂŐƌŽƵƉŽĨƉŽƉƵůĂƚŝŽŶƐŽĨĨŝƐŚƚŚĂƚƌĞĐĞŝǀĞƵƐĞ;ĞŝƚŚĞƌ ĐŽŶƐƵŵƉƚŝǀĞͲŚĂƌǀĞƐƚŽƌŶŽŶͲĐŽŶƐƵŵƉƚŝǀĞ͕ůŝŬĞĂƌĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJͿ͘ &ůƵǀŝĂů ZĞůĂƚŝŶŐƚŽĂƌŝǀĞƌ͕ĂŶĚŝŶƉĂƌƚŝĐƵůĂƌƵƐƵĂůůLJƌĞĨĞƌƐƚŽĂůŝĨĞŚŝƐƚŽƌLJƐƚƌĂƚĞŐLJǁŚĞƌĞĂ ĨŝƐŚƵƐĞƐĂƌŝǀĞƌĨŽƌƉĂƌƚŽĨŝƚƐůŝĨĞĐLJĐůĞ͘dLJƉŝĐĂůůLJĂĨŝƐŚǁŝůůŚĂƚĐŚŝŶĂƐƚƌĞĂŵ͕ĂŶĚ ŵŝŐƌĂƚĞƚŽĂƌŝǀĞƌƚŽŐƌŽǁĂŶĚŵĂƚƵƌĞ͕ĂŶĚƌĞƚƵƌŶƚŽƚŚĞƐƚƌĞĂŵŽĨŝƚƐŽƌŝŐŝŶ;ŶĂƚĂů ƐƚƌĞĂŵͿƚŽƐƉĂǁŶ͘ &ŽƌŬůĞŶŐƚŚ ŵĞĂƐƵƌĞŽĨĨŝƐŚůĞŶŐƚŚĨƌŽŵƚŚĞƚŝƉŽĨƚŚĞŶŽƐĞƚŽƚŚĞĨŽƌŬŝŶƚŚĞƚĂŝů͘ &ƌLJ EĞǁůLJŚĂƚĐŚĞĚĨŝƐŚ͕ĐŽŵŵŽŶůLJƐĂůŵŽŶŝĚƐ͕ĂŶĚĨŝƐŚƚŚĂƚĚŽŶ͛ƚŐŽƚŚƌŽƵŐŚĂůĂƌǀĂů ƐƚĂŐĞ͘ &LJŬĞŶĞƚ ŚŽŽƉĞĚŶĞƚƚŚĂƚŐƵŝĚĞƐĨŝƐŚŝŶƚŽĂĐĂƉƚƵƌĞĂƌĞĂƵƐŝŶŐŽŶĞŽƌŵŽƌĞǁŝŶŐƐĂŶĚ ůĞĂĚƐ͘  'ĂŵĞĨŝƐŚ ^ƉĞĐŝĞƐŽĨĨŝƐŚƚŚĂƚĂƌĞƉƵƌƐƵĞĚĨŽƌƌĞĐƌĞĂƚŝŽŶŽƌƐƉŽƌƚďLJƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůĞƌƐ͘ 'ĂƐƵďďůĞdƌĂƵŵĂ 'ĂƐďƵďďůĞƚƌĂƵŵĂ;'dͿ͕ĂůƐŽŬŶŽǁŶĂƐŐĂƐďƵďďůĞĚŝƐĞĂƐĞ͕ŝƐĂƉŚLJƐŝŽůŽŐŝĐĂů ĐŽŶĚŝƚŝŽŶƚŚĂƚŽĐĐƵƌƐĂŵŽŶŐĨŝƐŚƌĞƐŝĚŝŶŐŝŶǁĂƚĞƌƚŚĂƚŝƐƐƵƉĞƌƐĂƚƵƌĂƚĞĚǁŝƚŚ ĂƚŵŽƐƉŚĞƌŝĐŐĂƐƐĞƐ͘/ŶDŽŶƚĂŶĂŝƚŚĂƉƉĞŶƐŵŽƐƚůLJďĞůŽǁĚĂŵƐ͘ 'ĂƐƐƵƉĞƌƐĂƚƵƌĂƚŝŽŶ KĐĐƵƌƐǁŚĞŶǁĂƚĞƌĂŶĚĂƚŵŽƐƉŚĞƌŝĐŐĂƐƐĞƐŵƵƐƚďĞĨŽƌĐĞĚƚŽŐĞƚŚĞƌƵŶĚĞƌ ƉƌĞƐƐƵƌĞ͕ŽƌƚŚĞĐĂƉĂĐŝƚLJŽĨǁĂƚĞƌƚŽŚŽůĚŐĂƐƐĞƐŝŶƐŽůƵƚŝŽŶŵƵƐƚďĞƌĞĚƵĐĞĚ͘ tĂƚĞƌĂŶĚŐĂƐƐĞƐĂƌĞŽĨƚĞŶŵŝdžĞĚƵŶĚĞƌƉƌĞƐƐƵƌĞŝŶĚĞĞƉƉůƵŶŐĞƉŽŽůƐďĞůŽǁĚĂŵ ƐƉŝůůǁĂLJƐŽƌǁĂƚĞƌĨĂůůƐǁŚĞŶŐĂƐƐĞƐĨŽƌĐĞĚŝŶƚŽƐŽůƵƚŝŽŶďLJĨĂůůŝŶŐǁĂƚĞƌ͘ 'ĞŶĞƌĂ  WůƵƌĂůŽĨŐĞŶƵƐͲĂƚĂdžŽŶŽŵŝĐƌĂŶŬ͕ĂĨŽƌŵŽĨďŝŽůŽŐŝĐĂůĐůĂƐƐŝĨŝĐĂƚŝŽŶ͕ĂďŽǀĞ ƐƉĞĐŝĞƐ͕ĂŶĚďĞůŽǁĨĂŵŝůLJ͘ 'ĞŶĞƚŝĐĂƐƐŝŐŶŵĞŶƚ dŚŝƐƚŽŽůŝƐƵƐĞĚƚŽŝĚĞŶƚŝĨLJĂŶŽƌŐĂŶŝƐŵĂŶĚƌĞůĂƚĞŝƚƚŽŝƚƐƉŽƉƵůĂƚŝŽŶƐŽƵƌĐĞ͘ ƐƐŝŐŶŵĞŶƚƌĞƐƵůƚƐŽĨƚĞŶĐŽŶƚĂŝŶĂƉƌŽďĂďŝůŝƚLJŽƌĂůŝŬĞůŝŚŽŽĚŽĨĂƉƉƌŽƉƌŝĂƚĞůLJ ŵĂƚĐŚŝŶŐĂŶŝŶĚŝǀŝĚƵĂůƚŽƚŚĞƉŽƉƵůĂƚŝŽŶ͘ 'ĞŶŽƚLJƉĞ dŚĞŐĞŶĞƚŝĐŵĂŬĞƵƉŽĨĂŶŽƌŐĂŶŝƐŵ͘

483 dĞƌŵŽƌWŚƌĂƐĞ ĞĨŝŶŝƚŝŽŶ 'ŝůůŶĞƚ ĐŽŵŵŽŶůLJƵƐĞĚƐĂŵƉůŝŶŐŐĞĂƌĨŽƌƚŚĞĐĂƉƚƵƌĞŽĨĨŝƐŚŝŶĨŝƐŚĞƌŝĞƐŵĂŶĂŐĞŵĞŶƚ ĂŶĚƌĞƐĞĂƌĐŚ͘ŐŝůůŶĞƚŝƐŵĂĚĞƵƉŽĨŚŽƌŝnjŽŶƚĂůŽƌǀĞƌƚŝĐĂůƉĂŶĞůƐŽĨŶĞƚƚŝŶŐĂŶĚ ĨŝƐŚĂƌĞĐĂƉƚƵƌĞĚďLJĞŶƚĂŶŐůĞŵĞŶƚ͕ŽĨƚĞŶďLJƚŚĞŝƌŐŝůůƐ;ŚĞŶĐĞƚŚĞŶĂŵĞͿ͘ůƚŚŽƵŐŚ ƚLJƉŝĐĂůůLJƵƐĞĚŝŶůĂŬĞƐĂŶĚƌĞƐĞƌǀŽŝƌƐŐŝůůŶĞƚƐĐĂŶďĞƵƐĞĚŝŶƐůŽǁŵŽǀŝŶŐƌŝǀĞƌƐ ĂŶĚĞǀĞŶĚƌŝĨƚĞĚŝŶƌŝǀĞƌƐ͘ 'ƌĂǀĞů ƐƵďƐƚƌĂƚĞǁŚŽƐĞƉĂƌƚŝĐůĞƐŝnjĞŝƐďĞƚǁĞĞŶϮĂŶĚϲϰŵŵ;Ϭ͘ϭĂŶϮ͘ϱ͟ͿŝŶĚŝĂŵĞƚĞƌ͘ 'ƌĂǀŝĚ ŽŶƚĂŝŶŝŶŐĞŐŐƐ͘ ,ĂďŝƚĂƚ dŚĞƉŚLJƐŝĐĂů͕ďŝŽůŽŐŝĐĂůĂŶĚĐŚĞŵŝĐĂůĨĞĂƚƵƌĞƐŽĨĂƐƉĞĐŝĨŝĐƉůĂĐĞƚŚĂƚĂŶŽƌŐĂŶŝƐŵ ůŝǀĞƐ͘dŚĞƚĞƌŵŚĂďŝƚĂƚŝƐƐƉĞĐŝĞƐͲƐƉĞĐŝĨŝĐ͕ƚŚŽƵŐŚŝƚŽĨƚĞŶƌĞĨĞƌƐƚŽĂƉŽƉƵůĂƚŝŽŶŽƌ ĂĐŽŵŵƵŶŝƚLJŽĨŽƌŐĂŶŝƐŵƐ͘ ,ĞĂĚŐĂƚĞ ĚĞǀŝĐĞƚŚĂƚĐŽŶƚƌŽůƐŽƌƌĞŐƵůĂƚĞƐǁĂƚĞƌĨůŽǁƚŚƌŽƵŐŚĂŶŝƌƌŝŐĂƚŝŽŶƐƚƌƵĐƚƵƌĞ͘ ,ĞĂǀLJŵĞƚĂů ďƌŽĂĚĐůĂƐƐŝĨŝĐĂƚŝŽŶŽĨĞůĞŵĞŶƚƐƚŚĂƚŚĂǀĞƚŚĞƉŽƚĞŶƚŝĂůƚŽĐĂƵƐĞƚŽdžŝĐŝƚLJƚŽ ĂƋƵĂƚŝĐůŝĨĞ͘/ŶŐĞŶĞƌĂůƚŚĞŚĞĂǀLJŵĞƚĂůƐĐŽŵŵŽŶůLJƌĞĨĞƌƌĞĚƚŽŝŶDŽŶƚĂŶĂĂƌĞ ĐŽƉƉĞƌ͕ĐĂĚŵŝƵŵ͕ůĞĂĚ͕njŝŶĐ͕ŵĞƌĐƵƌLJ͕ďƵƚĂůƐŽĐŽƵůĚƌĞĨĞƌƚŽŵĂŶLJŵŽƌĞ ĞůĞŵĞŶƚƐ͘ ,ĞƌďŝǀŽƌŽƵƐ &ĞĞĚƐŵŽƐƚůLJŽƌĞŶƚŝƌĞůLJŽŶƉůĂŶƚƐ͘ ,LJďƌŝĚ ĐƌŽƐƐďĞƚǁĞĞŶƚǁŽŽƌŵŽƌĞŐĞŶĞƌĂŽƌƐƉĞĐŝĞƐ͕ŵĂLJŽƌŵĂLJŶŽƚďĞĨĞƌƚŝůĞ͘ ,LJƉŽůŝŵŶŝŽŶ ŽƚƚŽŵƚŚĞƌŵĂůůĂLJĞƌŽĨǁĂƚĞƌŝŶĂůĂŬĞŽƌƌĞƐĞƌǀŽŝƌƚŚĂƚŝƐƚLJƉŝĐĂůůLJĐŽůĚ͕ƉŽŽƌůLJ ŽdžLJŐĞŶĂƚĞĚ͕ƉŽŽƌůLJŝůůƵŵŝŶĂƚĞĚĂŶĚŝƐƌĞŵŽǀĞĚĨƌŽŵƐƵƌĨĂĐĞŝŶĨůƵĞŶĐĞƐ͘ /ŶĐŝƐĞĚĐŚĂŶŶĞů ĚĞĞƉƐƚƌĞĂŵĐŚĂŶŶĞů͕ƵƐƵĂůůLJĨŽƌŵĞĚĂƐƚŚĞƌĞƐƵůƚŽĨƐƚƌĞĂŵĚŽǁŶͲĐƵƚƚŝŶŐ ǀĞƌƚŝĐĂůůLJŝŶƚŽƐƵďƐƚƌĂƚĞ͘dŚŝƐƚLJƉĞŽĨĐŚĂŶŶĞůĚŽĞƐŶŽƚŵŽǀĞůĂƚĞƌĂůůLJ͕ďƵƚŵŽǀĞƐ ŽƌĐƵƚƐĚŽǁŶǁĂƌĚ͘ /ŶĚŝŐĞŶŽƵƐ ĨŝƐŚŶĂƚŝǀĞƚŽĂƉĂƌƚŝĐƵůĂƌǁĂƚĞƌďŽĚLJ͘ /ŶƚĞƌƐƚŝƚŝĂůƐƉĂĐĞƐ KƉĞŶŝŶŐƐŝŶŽƌďĞƚǁĞĞŶƐƵďƐƚƌĂƚĞƚŚĂƚĂůůŽǁĨŽƌǁĂƚĞƌƚŽĨůŽǁƚŚƌŽƵŐŚĂŶĚ ƉƌŽǀŝĚĞƐŚĂďŝƚĂƚĨŽƌďĞŶƚŚŝĐŝŶǀĞƌƚĞďƌĂƚĞƐ͘ /ŶƚƌŽĚƵĐĞĚƐƉĞĐŝĞƐ ŶŝŵĂůƐŽƌƉůĂŶƚƐƚŚĂƚŚĂǀĞďĞĞŶŵŽǀĞĚ͕ƚƌĂŶƐƉŽƌƚĞĚ͕ƚƌĂŶƐƉůĂŶƚĞĚŽƌƐƚŽĐŬĞĚ ŽƵƚƐŝĚĞƚŚĞŝƌŶĂƚŝǀĞƌĂŶŐĞ͕ĂůƐŽŬŶŽǁŶĂƐ͞ŶŽŶͲŶĂƚŝǀĞ͟Žƌ͞ĞdžŽƚŝĐ͘͟ /ŶƚƌŽŐƌĞƐƐŝŽŶ DŽǀĞŵĞŶƚŽĨŐĞŶĞƐĨƌŽŵŽŶĞƐƉĞĐŝĞƐƚŽĂŶŽƚŚĞƌĨƌŽŵƌĞƉĞĂƚĞĚďĂĐŬĐƌŽƐƐŝŶŐ͘dŚŝƐ ŝŵƉůŝĞƐŵŽƌĞƚŚĂŶƐŝŵƉůĞŚLJďƌŝĚŝnjĂƚŝŽŶ͕ĂŶĚƐƵŐŐĞƐƚƐŵƵůƚŝƉůĞĂŶĚƌĞƉĞĂƚĞĚ ƌĞƉƌŽĚƵĐƚŝŽŶĞǀĞŶƚƐǁŝƚŚĨĞƌƚŝůĞŽĨĨƐƉƌŝŶŐ͘  /ŶǀĂƐŝǀĞƐƉĞĐŝĞƐ WůĂŶƚƐŽƌĂŶŝŵĂůƐǁŚŝĐŚĂƌĞƵƐƵĂůůLJŶŽŶͲŶĂƚŝǀĞ͕ďĞĐŽŵĞĂŶƵŝƐĂŶĐĞ͕ĚŝƐƉůĂĐĞŽĨ ŶĂƚŝǀĞƐƉĞĐŝĞƐ͕ĂŶĚƐƉƌĞĂĚĂŶĚďĞĐŽŵĞĞƐƚĂďůŝƐŚĞĚƋƵŝĐŬůLJ͘ >ĂƚĞƌĂůůŝŶĞ ƌŽǁŽĨƉŽƌĞƐĂůŽŶŐƚŚĞƐŝĚĞŽĨĨŝƐŚƚŚĂƚĐƌĞĂƚĞĂƐĞŶƐŽƌLJŽƌŐĂŶĨŽƌĚĞƚĞĐƚŝŶŐ ŵŽǀĞŵĞŶƚƐŽĨǁĂƚĞƌĂŶĚƉƌĞƐĞŶĐĞŽĨĨŝƐŚĂŶĚŽƚŚĞƌĂŶŝŵĂůƐ͘ >ĞŶƚŝĐ ƐƐŽĐŝĂƚĞĚǁŝƚŚƐƚŝůůǁĂƚĞƌ;Ğ͘Ő͕͘ĂůĂŬĞ͕ƌĞƐĞƌǀŽŝƌŽƌƉŽŶĚͿ͘ >ŝĨĞŚŝƐƚŽƌLJƐƚƌĂƚĞŐLJ dŚŝƐĚĞƐĐƌŝďĞƐĂŶĂŶŝŵĂů͛ƐĂŶĂƚŽŵŝĐĂů͕ƉŚLJƐŝŽůŽŐŝĐĂůĂŶĚďĞŚĂǀŝŽƌĂůĂĚĂƉƚĂƚŝŽŶƐ ƚŚĂƚƌĞĨůĞĐƚŚŽǁĂŶŝŶĚŝǀŝĚƵĂůŝŶǀĞƐƚƐŝŶƌĞƉƌŽĚƵĐƚŝŽŶĂŶĚƐĞůĨͲŵĂŝŶƚĞŶĂŶĐĞŝŶ ƌĞƐƉŽŶƐĞƚŽƚŚĞŝƌĞŶǀŝƌŽŶŵĞŶƚĂůĐŽŶĚŝƚŝŽŶƐ͘dLJƉŝĐĂůůLJƚŚŝƐƚĞƌŵƌĞĨĞƌƐƚŽƚŚĞ ďĞŚĂǀŝŽƌƐĂƐƐŽĐŝĂƚĞĚǁŝƚŚŵŝŐƌĂƚŝŽŶƐƚƌĂƚĞŐŝĞƐĂŶĚŚĂďŝƚĂƚƵƐĞĂƚĚŝĨĨĞƌĞŶƚƐƚĂŐĞƐ ŝŶĂŶĂŶŝŵĂů͛ƐůŝĨĞƚŽƚĂŬĞĂĚǀĂŶƚĂŐĞŽĨƚŚĞĞŶǀŝƌŽŶŵĞŶƚƚŽŵĂdžŝŵŝnjĞƐƵƌǀŝǀĂůĂŶĚ ƉŽƚĞŶƚŝĂůĨŽƌŽĨĨƐƉƌŝŶŐ͘ >ŽƚŝĐ ƐƐŽĐŝĂƚĞĚǁŝƚŚĨůŽǁŝŶŐǁĂƚĞƌ;ůŝŬĞĂƌŝǀĞƌŽƌƐƚƌĞĂŵͿ͘ DĞƐŝĐ tĞƚĂƌĞĂƐ͘ DĞƚĂůŝŵŶŝŽŶ dŚŝŶůĂLJĞƌŽƌƐƚƌĂƚƵŵŽĨǁĂƚĞƌďĞƚǁĞĞŶƚŚĞŚLJƉŽͲĂŶĚĞƉŝůŝŵŶŝŽŶĂůƐŽŬŶŽǁŶĂƐĂ ƚŚĞƌŵŽĐůŝŶĞ͘ DŝŐƌĂƚŝŽŶ ŶĞdžƚĞŶĚĞĚŵŽǀĞŵĞŶƚŽĨĂŶĂŶŝŵĂů;ŽĨƚĞŶĨŽƌĨĞĞĚŝŶŐŽƌƌĞƉƌŽĚƵĐƚŝŽŶͿ͕ƵƐƵĂůůLJ ĨŽůůŽǁĞĚďLJĂƌĞƚƵƌŶƚŽŝƚƐĨŽƌŵĞƌůŽĐĂƚŝŽŶ͘ DLJƐŝƐ ŶLJƐƉĞĐŝĞƐŽĨƚŚĞŐĞŶƵƐ͞DLJƐŝƐ͕͟ĂƐŵĂůůƐŚƌŝŵƉͲůŝŬĞĐƌƵƐƚĂĐĞĂŶ͘ 

484 dĞƌŵŽƌWŚƌĂƐĞ ĞĨŝŶŝƚŝŽŶ EĂƚĂů ZĞĨĞƌƐƚŽƚŚĞƉůĂĐĞŽĨďŝƌƚŚŽƌŚĂƚĐŚŝŶŐĂŶĚĨŽƌĨŝƐŚ͕ŝƚƵƐƵĂůůLJƌĞĨĞƌƐƚŽĂƐƚƌĞĂŵŽƌ ƐĞĐƚŝŽŶŽĨƐƚƌĞĂŵƚŽǁŚŝĐŚĨŝƐŚǁŝůůƐŚŽǁĨŝĚĞůŝƚLJĨŽƌƐƉĂǁŶŝŶŐ͘ EĂƚĂůƐƚƌĞĂŵ ^ƚƌĞĂŵŽĨŽƌŝŐŝŶĨŽƌĂĨŝƐŚ͘ EĂƚŝǀĞƐƉĞĐŝĞƐ  dLJƉŝĐĂůůLJĚĞĨŝŶĞĚĂƐĂĂŶŝŵĂůƚŚĂƚǁĂƐŚĞƌĞƉƌŝŽƌƚŽƵƌŽƉĞĂŶĞƐƚĂďůŝƐŚŵĞŶƚ͕ĂŶĚ ǁĂƐŶŽƚƚƌĂŶƐƉŽƌƚĞĚŚĞƌĞŽƌŝŶƚƌŽĚƵĐĞĚďLJŚƵŵĂŶƐ͘ EŽĚĂůŚĂďŝƚĂƚ  dŚŝƐƚĞƌŵƌĞĨĞƌƐƚŽŵŝŐƌĂƚŽƌLJĐŽƌƌŝĚŽƌƐ͕ŽǀĞƌǁŝŶƚĞƌŝŶŐĂƌĞĂƐ͕ŽƌŽƚŚĞƌĐƌŝƚŝĐĂůůŝĨĞ ŚŝƐƚŽƌLJƌĞƋƵŝƌĞŵĞŶƚƐ͘dŚŝƐŝƐĂƚĞƌŵƚŚĂƚŝƐƚLJƉŝĐĂůůLJƵƐĞĚŝŶƌĞĨĞƌĞŶĐĞƚŽďƵůůƚƌŽƵƚ͕ ĂŶĚĚŽĞƐŶŽƚƌĞĨĞƌƚŽƐƉĂǁŶŝŶŐŚĂďŝƚĂƚ͘ EŽŶͲŶĂƚŝǀĞĨŝƐŚ ΗdžŽƚŝĐΗŽƌΗŶŽŶͲŶĂƚŝǀĞΗƌĞĨĞƌƐƚŽĂƐƉĞĐŝĞƐƚŚĂƚŝƐŽƌŝŐŝŶĂůůLJĨƌŽŵŽƵƚƐŝĚĞĂ ƉĂƌƚŝĐƵůĂƌĂƌĞĂ͘dŚŝƐĚŽĞƐŶŽƚŝŵƉůLJŝƚŝƐΗŝŶǀĂƐŝǀĞ͕͟ĂŶĚĐĂŶƌĞƉƌĞƐĞŶƚĂŶLJƚŚŝŶŐ ĨƌŽŵĂĨŝƐŚŶĂƚŝǀĞƚŽƐŽŵĞǁŚĞƌĞĞůƐĞŝŶƚŚĞh^͕ŽƌŽŶĞŶĂƚŝǀĞƚŽƐŝĂ͘ EŽŶͲŐĂŵĞĨŝƐŚ  ZĞĨĞƌƐƚŽƚŚĞĨĂĐƚƚŚĂƚƚŚĞƐƉĞĐŝĞƐŚĂǀĞŶŽƚďĞĞŶĐůĂƐƐŝĨŝĞĚŝŶDŽŶƚĂŶĂƐƚĂƚƵƚĞĂƐ ͞ƐƉŽƌƚ͟ĨŝƐŚ͘ WĞůĂŐŝĐ >ŝǀĞƐŝŶŽƉĞŶǁĂƚĞƌ͘ WŚĞŶŽƚLJƉĞ dŚĞƉŚLJƐŝĐĂůŵĂŬĞƵƉŽĨĂŶŽƌŐĂŶŝƐŵ͕ŽƌƚŚĞŽƌŐĂŶŝƐŵ͛ƐŽďƐĞƌǀĂďůĞƉƌŽƉĞƌƚŝĞƐŽƌ ĨŽƌŵ;ůŝŬĞĐŽůŽƌ͕ĂŶĚŵŽƌƉŚŽůŽŐLJͿ͘ WŚŽƚŽƐLJŶƚŚĞƐŝƐ dŚĞƉƌŽĐĞƐƐďLJǁŚŝĐŚƉůĂŶƚƐŵĂŬĞŽdžLJŐĞŶ͘ WŚLJƚŽƉůĂŶŬƚŽŶ  DŝĐƌŽƐĐŽƉŝĐ͕ĨƌĞĞͲĨůŽĂƚŝŶŐƉůĂŶƚƐ͘ WŝƐĐŝǀŽƌŽƵƐ &ŝƐŚͲĞĂƚŝŶŐ͘ WŝƐĐŝĐŝĚĞ ŶĂƚƵƌĂůŽƌƐLJŶƚŚĞƚŝĐĐŽŵƉŽƵŶĚƚŚĂƚŬŝůůƐĨŝƐŚ͘ W/dƚĂŐ  WĂƐƐŝǀĞ/ŶƚĞŐƌĂƚĞĚZĞƐƉŽŶĚĞƌ͘ƐŵĂůůŝŶƚĞƌŶĂůůLJĂƉƉůŝĞĚĞůĞĐƚƌŽŶŝĐƚĂŐƚŚĂƚŝƐ ĂĐƚŝǀĂƚĞĚďLJĂŶĞdžƚĞƌŶĂůůLJƉŽǁĞƌĞĚĚĞǀŝĐĞƚŽŝĚĞŶƚŝĨLJĂŶŝŶĚŝǀŝĚƵĂůĂŶŝŵĂůƚŚƌŽƵŐŚ ĂĂůƉŚĂŶƵŵĞƌŝĐĐŽĚĞ͘ WůĂŶŬƚŽŶ ZĞĨĞƌƐƚŽĂůůĨƌĞĞͲĨůŽĂƚŝŶŐƉůĂŶƚƐ;ƉŚLJƚŽͲƉůĂŶŬƚŽŶͿĂŶĚĂŶŝŵĂůƐ;njŽŽͲƉůĂŶŬƚŽŶͿ͕ ƵƐƵĂůůLJŵŝĐƌŽƐĐŽƉŝĐ͘ WŽŽů  ƐƚƌĞĂŵŽƌƌŝǀĞƌŚĂďŝƚĂƚƚLJƉĞĐŚĂƌĂĐƚĞƌŝnjĞĚďLJĂůŽǁŐƌĂĚŝĞŶƚ;фϭйͿƚŚĂƚŝƐĚĞĞƉĞƌ  ĂŶĚǁŝĚĞƌƚŚĂŶĂĚũĂĐĞŶƚŚĂďŝƚĂƚƵŶŝƚƐ͘ WŽƉƵůĂƚŝŽŶ  /ŶĚŝǀŝĚƵĂůƐŽĨƚŚĞƐĂŵĞƐƉĞĐŝĞƐŝŶĂĚŝƐĐƌĞƚĞŐĞŽŐƌĂƉŚŝĐĂƌĞĂĂŶĚĂƐƉĞĐŝĨŝĐƚŝŵĞ͘  dŚŝƐĐĂŶĂůƐŽƌĞĨĞƌƚŽĂŐƌŽƵƉŽĨƌĞůĂƚĞĚƐƉĞĐŝĞƐ;Ğ͘Ő͕͘ƚƌŽƵƚͿ͘ WƌĂŝƌŝĞWŽƚŚŽůĞ WŽŶĚƐ͕ƉŽŽůƐĂŶĚǁĞƚůĂŶĚƐĨŽƵŶĚŝŶĚĞƉƌĞƐƐŝŽŶƐƚŚĂƚǁĞƌĞĨŽƌŵĞĚďLJŐůĂĐŝĂů  ĂĐƚŝǀŝƚLJ͘ ZĞĐƌĞĂƚŝŽŶĂůĨŝƐŚĞƌLJ  WŽƉƵůĂƚŝŽŶŽƌŐƌŽƵƉŽĨĨŝƐŚƉŽƉƵůĂƚŝŽŶŵĂŶĂŐĞĚǁŝƚŚŽƵƚƚŚĞƉƵƌƉŽƐĞŽĨŚĂƌǀĞƐƚŽƌ  ĐŽŶƐƵŵƉƚŝŽŶ͘dŚŝƐŝƐƚLJƉŝĐĂůůLJĐĂƚĞŐŽƌŝnjĞĚĂƐĂ͞ĐĂƚĐŚĂŶĚƌĞůĞĂƐĞ͟ĨŝƐŚĞƌLJ͘ ZĞĚĚ  ƐƉĂǁŶŝŶŐŶĞƐƚŽƌďĞĚĐŽŶƐƚƌƵĐƚĞĚďLJƚƌŽƵƚŽƌƐĂůŵŽŶ͘dŚĞƌĞĚĚŝƐĂĚĞƉƌĞƐƐŝŽŶ  ŵĂĚĞŝŶŐƌĂǀĞů;ƵƐƵĂůůLJŝŶĂƐƚƌĞĂŵďƵƚŶŽƚĂůǁĂLJƐͿĂŶĚŝƐĐŽŵƉŽƐĞĚŽĨĂƉŝƚ ;ǁŚĞƌĞŵĂƚĞƌŝĂůĨŽƌƚŚĞ͞ŶĞƐƚ͟ŝƐĞdžĐĂǀĂƚĞĚͿĂŶĚĂƚĂŝůƐƉŝůůǁŚĞƌĞƚŚĞĞdžĐĂǀĂƚĞĚ ŵĂƚĞƌŝĂůŝƐƉŝůĞĚƚŽĐŽǀĞƌĂŶĚƉƌŽƚĞĐƚƚŚĞĞŐŐƐ͘ ZĞĚĚƐƵƌǀĞLJ  ĐŽŵŵŽŶŵŽŶŝƚŽƌŝŶŐƚĞĐŚŶŝƋƵĞǁŚĞƌĞƚƌŽƵƚŽƌƐĂůŵŽŶŶĞƐƚƐ;ƌĞĚĚƐͿĂƌĞĐŽƵŶƚĞĚ  ďLJŽďƐĞƌǀĞƌƐ͘ ZĞƐĞƌǀŽŝƌ  ƌƚŝĨŝĐŝĂůůĂŬĞŽƌŝŵƉŽƵŶĚŵĞŶƚǁŚĞƌĞĂĚĂŵŝƐƵƐĞĚƚŽƐƚŽƌĞǁĂƚĞƌ͘ ZĞƐŝĚĞŶƚ ůŝĨĞŚŝƐƚŽƌLJƐƚƌĂƚĞŐLJƚŚĂƚĚŽĞƐŶŽƚŝŶǀŽůǀĞŵŝŐƌĂƚŝŽŶ͘ ZĞƚĞŶƚŝŽŶƚŝŵĞ  >ĞŶŐƚŚŽĨƚŝŵĞƚŚĂƚǁĂƚĞƌŝƐƐƚŽƌĞĚŝŶĂǁĂƚĞƌďŽĚLJ;ƵƐƵĂůůLJĚĞƐĐƌŝďĞƐĂƌĞƐĞƌǀŽŝƌͿ͘  ZŝĨĨůĞ   ^ŚĂůůŽǁƌĞĂĐŚĞƐŽĨƐƚƌĞĂŵƐǁŚĞƌĞƐƵďƐƚƌĂƚĞĐĂƵƐĞƐďƌĞĂŬƐŝŶƚŚĞƐƵƌĨĂĐĞǁĂƚĞƌ  ĐĂƵƐŝŶŐǁĂǀĞƐ͕ŽƌƌŝƉƉůĞƐ͘ ZŝƉƌĂƉ   dLJƉŝĐĂůůLJĂŶŐƵůĂƌƌŽĐŬ͕ďƵƚĐĂŶĂůƐŽƌĞĨĞƌƚŽƌƵďďůĞ͕ďƌŽŬĞŶĐŽŶĐƌĞƚĞĂŶĚŽƚŚĞƌ  ƚŚŝŶŐƐƵƐĞĚƚŽĂƌŵŽƌĂƐƚƌĞĂŵďĂŶŬƚŽƉƌĞǀĞŶƚĞƌŽƐŝŽŶ͘ ZŝƉĂƌŝĂŶĂƌĞĂ   ZĞůĂƚŝŶŐƚŽƚŚĞŵĂƌŐŝŶŽĨĂƌŝǀĞƌ͕ƐƚƌĞĂŵ͕ůĂŬĞŽƌŽƚŚĞƌǁĂƚĞƌďŽĚLJ͘hƐƵĂůůLJƌĞĨĞƌƐ ƚŽǀĞŐĞƚĂƚŝŽŶƚLJƉĞƐĂŶĚŚĂďŝƚĂƚƐĂůŽŶŐǁĂƚĞƌďŽĚŝĞƐ͘ ZŽƚĞŶŽŶĞ  ĐŽŵŵŽŶůLJƵƐĞĚƉŝƐĐŝĐŝĚĞĚĞƌŝǀĞĚĨƌŽŵĂ^ŽƵƚŚŵĞƌŝĐĂŶǀŝŶĞ͘

485 dĞƌŵŽƌWŚƌĂƐĞ ĞĨŝŶŝƚŝŽŶ ^ĂůŵŽŶŝĚ ŶLJŵĞŵďĞƌŽĨƚŚĞĨĂŵŝůLJ^ĂůŵŽŶŝĚĂĞŝŶĐůƵĚŝŶŐƚƌŽƵƚ͕ƐĂůŵŽŶ͕ĐŚĂƌƌ͕ǁŚŝƚĞĨŝƐŚ ĂŶĚŐƌĂLJůŝŶŐ͘ ^ĂŶĚ ^ƵďƐƚƌĂƚĞƐŝnjĞƚŚĂƚƌĂŶŐĞƐĨƌŽŵϬ͘ϬϲϮĂŶĚϮŵŵ;Ϭ͘ϬϬϬϬϯͲϬ͘Ϭϭ͟ͿŝŶĚŝĂŵĞƚĞƌ ^ĐƵĚƐ  ŵƉŚŝƉŽĚƐŽƌĐŽŵŵŽŶůLJĐĂůůĞĚĨƌĞƐŚǁĂƚĞƌƐŚƌŝŵƉ͘ ^ĐƵƚĞƐ   ŶĞdžƚĞƌŶĂůŽƌďŽŶLJƉůĂƚĞ͕ůŝŬĞƚŚŽƐĞĨŽƵŶĚŽŶƐƚƵƌŐĞŽŶ͘ ^ŝůƚ   sĞƌLJĨŝŶĞƐƵďƐƚƌĂƚĞǁŝƚŚƉĂƌƚŝĐůĞƐŝnjĞƐƌĂŶŐŝŶŐĨƌŽŵϬ͘ϬϬϰƚŽϬ͘ϬϲϮŵŵ;Ϭ͘ϬϬϬϬϮͲ  Ϭ͘ϬϬϬϯͿŝŶĚŝĂŵĞƚĞƌ͘ ^ŝŶƵŽƐŝƚLJ  ŵĞĂƐƵƌĞŽĨƚŚĞĐƵƌǀĂƚƵƌĞŽĨĂƐƚƌĞĂŵŽƌƌŝǀĞƌĂŶĚĚĞƐĐƌŝďĞƐƚŚĞŐĞŶĞƌĂůƉĂƚƚĞƌŶ͘  ^ƉĂǁŶ   dŽƉƌŽĚƵĐĞŽƌĚĞƉŽƐŝƚĞŐŐƐ͕ƚLJƉŝĐĂůůLJƌĞĨĞƌƐƚŽĨŝƐŚ͕ďƵƚĐĂŶĂůƐŽƌĞĨĞƌƚŽĂŶLJ  ĂƋƵĂƚŝĐĂŶŝŵĂů;ůŝŬĞŵƵƐƐĞůƐͿŽƌƐĞŵŝĂƋƵĂƚŝĐĂŶŝŵĂůƐ;ůŝŬĞƚŽĂĚƐͿ͘ ^ƉĞĐŝĞƐ  dŚĞŵŽƐƚďĂƐŝĐƵŶŝƚŽĨďŝŽůŽŐŝĐĂůĐůĂƐƐŝĨŝĐĂƚŝŽŶ͘/ŶŝƚƐŵŽƐƚĐůĞĂƌĚĞĨŝŶŝƚŝŽŶ͕Ă  ƐƉĞĐŝĞƐŝƐŽŶĞƚŚĂƚĐĂŶƉƌŽĚƵĐĞǀŝĂďůĞ;ĨĞƌƚŝůĞͿŽĨĨƐƉƌŝŶŐ͘,ŽǁĞǀĞƌ͕ŵĂŶLJĨŝƐŚŽĨ ĚŝĨĨĞƌĞŶƚƐƉĞĐŝĞƐĐĂŶƉƌŽĚƵĐĞǀŝĂďůĞŽĨĨƐƉƌŝŶŐ;ŚLJďƌŝĚƐͿ͘ ^ƉĞĐŝĞƐŽĨŽŶĐĞƌŶ /ƐĂƉƌŽƚĞĐƚŝǀĞĚĞƐŝŐŶĂƚŝŽŶďLJDŽŶƚĂŶĂ&ŝƐŚ͕tŝůĚůŝĨĞĂŶĚWĂƌŬƐƚŽǁŝůĚůŝĨĞƐƉĞĐŝĞƐ ƚŚĂƚĂƌĞĂƚƌŝƐŬ͘ ^ƉŽƌƚĨŝƐŚ  ZĞĨĞƌƐƚŽĂŶLJĨŝƐŚƚŚĂƚŚĂƐĂƌĞĐƌĞĂƚŝŽŶĂůǀĂůƵĞ;ŝŶĐůƵĚŝŶŐŚĂƌǀĞƐƚͿĂŶĚŚĂƐ  ŵĂŶĂŐĞŵĞŶƚŽƌƌĞŐƵůĂƚŝŽŶƚŝĞĚƚŽŝƚ͘KĨƚĞŶƚŚŝƐŝƐƐLJŶŽŶLJŵŽƵƐǁŝƚŚ͞ŐĂŵĞĨŝƐŚ͕͟ ǁŚŝĐŚĂƌĞƐƉĞĐŝĞƐŽĨĨŝƐŚƚŚĂƚĂƌĞƉƵƌƐƵĞĚĨŽƌƐƉŽƌƚďLJƌĞĐƌĞĂƚŝŽŶĂůĂŶŐůĞƌƐ͘ ^ƚĂŶĚĂƌĚůĞŶŐƚŚ  dŚĞŵŽƐƚĂĐĐƵƌĂƚĞŵĞĂƐƵƌĞŽĨĨŝƐŚůĞŶŐƚŚ͕ďĞĐĂƵƐĞŝƚƌĞůŝĞƐŽŶƐŬĞůĞƚĂůůĞŶŐƚŚĨƌŽŵ  ƚŚĞƚŝƉŽĨƚŚĞŶŽƐĞƚŽƚŚĞůĂƐƚǀĞƌƚĞďƌĂĞ͘dLJƉŝĐĂůůLJŽŶůLJƵƐĞĚŝŶƚŚĞůĂď͘ ^ƚĞƌŝůĞ  ŶŽƌŐĂŶŝƐŵƚŚĂƚŝƐƵŶĂďůĞƚŽƌĞƉƌŽĚƵĐĞƐĞdžƵĂůůLJ͘ ^ƚƌĂƚŝĨŝĐĂƚŝŽŶ  ƌƌĂŶŐĞŵĞŶƚŽĨǁĂƚĞƌŝŶƚŽĚŝƐƚŝŶĐƚŚŽƌŝnjŽŶƚĂůůĂLJĞƌƐƚŚĂƚĂƌĞĂƐƐŽĐŝĂƚĞĚǁŝƚŚ  ƚĞŵƉĞƌĂƚƵƌĞ͕ĚŝƐƐŽůǀĞĚŽdžLJŐĞŶĂŶĚƐƵƐƉĞŶĚĞĚƉĂƌƚŝĐůĞƐ͘ ^ƚƌĞĂŵŽƌĚĞƌ  ŚŝĞƌĂƌĐŚŝĐĂůĐůĂƐƐŝĨŝĐĂƚŝŽŶŽĨƐƚƌĞĂŵďĂƐĞĚŽŶƚŚĞŶƵŵďĞƌŽĨďƌĂŶĐŚĞƐ;Žƌ  ƚƌŝďƵƚĂƌŝĞƐͿ͘&ŽƌĞdžĂŵƉůĞ͕ĂĨŝƌƐƚŽƌĚĞƌƐƚƌĞĂŵŚĂƐŶŽƚƌŝďƵƚĂƌŝĞƐ͕ĂƐĞĐŽŶĚŽƌĚĞƌ ƐƚƌĞĂŵŚĂƐƚǁŽĨŝƌƐƚŽƌĚĞƌƐƚƌĞĂŵƐĨůŽǁŝŶŐŝŶƚŽŝƚ͕ĂŶĚĂƚŚŝƌĚŽƌĚĞƌƐƚƌĞĂŵŝƐƚŚĞ ƌĞƐƵůƚŽĨƚǁŽƐĞĐŽŶĚŽƌĚĞƌƐƚƌĞĂŵƐĐŽŵďŝŶŝŶŐ͘ ^ƵďƐƚƌĂƚĞ  DĂƚĞƌŝĂůƐƚŚĂƚĨŽƌŵƚŚĞďĂƐĞŽĨĂǁĂƚĞƌǁĂLJ͕ĞŝƚŚĞƌŽƌŐĂŶŝĐŽƌŵŝŶĞƌĂůƐ͘^ƵďƐƚƌĂƚĞƐ  ĂƌĞƵƐƵĂůůLJĐůĂƐƐŝĨŝĞĚŝŶƚŽĐĂƚĞŐŽƌŝĞƐďĂƐĞĚŽŶƚŚĞŝƌĚŝĂŵĞƚĞƌ͘ ^ƵŵŵĞƌŬŝůů ĨŝƐŚŬŝůůŝŶŐĐŽŶĚŝƚŝŽŶƚŚĂƚƚLJƉŝĐĂůůLJĂĨĨĞĐƚƐůĂŬĞƐŝŶƚŚĞƐƵŵŵĞƌĂƐĂƌĞƐƵůƚŽĨŚŝŐŚ ǁĂƚĞƌƚĞŵƉĞƌĂƚƵƌĞƐĂŶĚůŽǁĚŝƐƐŽůǀĞĚŽdžLJŐĞŶ͘KĨƚĞŶƚŚĞůŽǁĚŝƐƐŽůǀĞĚŽdžLJŐĞŶŝƐĂ ƌĞƐƵůƚŽĨƉůĂŶƚƐƚĂŬŝŶŐƵƉĂůŽƚŽĨŽdžLJŐĞŶĂƚŶŝŐŚƚĐĂƵƐŝŶŐǀĞƌLJůŽǁĂŵŽƵŶƚŽĨ ŽdžLJŐĞŶĚƵƌŝŶŐƚŚĞĚĂǁŶŚŽƵƌƐ;ĂůƐŽŬŶŽǁŶĂƐĂĚŝƐƐŽůǀĞĚŽdžLJŐĞŶŽƌK͞ƐĂŐ͟Ϳ͕ ďĞĨŽƌĞƉůĂŶƚƐĐĂŶƉƌŽĚƵĐĞŽdžLJŐĞŶ͘ dĞůĞŵĞƚƌLJ  DĞĂƐƵƌĞŵĞŶƚĂŶĚƚƌĂŶƐŵŝƐƐŝŽŶŽĨŝŶĨŽƌŵĂƚŝŽŶǀŝĂƌĂĚŝŽŽƌƵůƚƌĂƐŽŶŝĐƐŝŐŶĂůƚŽĂ  ƌĞĐĞŝǀŝŶŐƵŶŝƚ͘ƚĞĐŚŶŝƋƵĞƵƐĞĚƚŽůŽĐĂƚĞĂŶĚͬŽƌƚƌĂĐŬƚĂŐŐĞĚĨŝƐŚ͘ dŚĂůǁĞŐ WĂƚŚŽĨĂƐƚƌĞĂŵŽĨƌŝǀĞƌƚŚĂƚĨŽůůŽǁƐƚŚĞĚĞĞƉĞƐƚƉĂƌƚŽĨƚŚĞĐŚĂŶŶĞůĂŶĚƵƐƵĂůůLJ  ĐŽŶƚĂŝŶƐƚŚĞŐƌĞĂƚĞƐƚĂŵŽƵŶƚŽĨĞŶĞƌŐLJ͘ dŚĞƌŵŽĐůŝŶĞ  dŚŝŶůĂLJĞƌŽƌƐƚƌĂƚƵŵŽĨǁĂƚĞƌďĞƚǁĞĞŶƚŚĞŚLJƉŽͲĂŶĚĞƉŝůŝŵŶŝŽŶĂůƐŽŬŶŽǁŶĂƐĂ  ŵĞƚĂůŝŵŶŝŽŶ͘ dŚƌĞĂƚĞŶĞĚ^ƉĞĐŝĞƐ  ĐĂƚĞŐŽƌLJŽĨƉƌŽƚĞĐƚŝŽŶƵŶĚĞƌƚŚĞ^;Ğ͘Ő͕͘ďƵůůƚƌŽƵƚͿ͘ dŽƚĂůůĞŶŐƚŚ  dŚĞŵŽƐƚĐŽŵŵŽŶŵĞĂƐƵƌĞŽĨĨŝƐŚůĞŶŐƚŚͲƚŚĞŵĂdžŝŵƵŵůĞŶŐƚŚŽĨƚŚĞĨŝƐŚĨŽƌŵ  ƚŚĞƚŝƉŽĨƚŚĞŶŽƐĞƚŽƚŚĞƚŝƉŽĨƚŚĞƚĂŝů;ǁŚĞŶƚŚĞůŽďĞƐŽĨƚŚĞƚĂŝůĂƌĞ ĐŽŵƉƌĞƐƐĞĚͿ͘ dƌŝƉůŽŝĚ ĨŝƐŚŚĂǀŝŶŐƚŚƌĞĞƐĞƚƐŽĨĐŚƌŽŵŽƐŽŵĞƐ͕ĂŶĚ͕ĂƐĂƌĞƐƵůƚ͕ŝƐŶŽƚĐĂƉĂďůĞŽĨ  ƌĞƉƌŽĚƵĐƚŝŽŶ͕ŝƚŝƐƐƚĞƌŝůĞ͘ sĞƌŵŝĐƵůĂƚŽŶƐ  tŽƌŵůŝŬĞŵĂƌŬŝŶŐƐŽŶƚŚĞƐŬŝŶĂƐĐŽŵŵŽŶůLJĨŽƵŶĚŽŶďƌŽŽŬƚƌŽƵƚĚŽƌƐĂůĨŝŶƐ͘ 

486 dĞƌŵŽƌWŚƌĂƐĞ ĞĨŝŶŝƚŝŽŶ tĂůůŽƉͲƌĞĂƵdžĐƚ  ŝŶŐĞůůͲ:ŽŚŶƐŽŶĐƚŽƌtĂůůŽƉͲƌĞĂƵdžĐƚƉƌŽǀŝĚĞƐ&ĞĚĞƌĂůĂŝĚƚŽƐƚĂƚĞƐĨŽƌ  ŵĂŶĂŐĞŵĞŶƚĂŶĚƌĞƐƚŽƌĂƚŝŽŶŽĨĨŝƐŚ͘/ŶĂĚĚŝƚŝŽŶ͕ƚŚĞĂĐƚĨƵŶĚƐƐƚĂƚĞƐĨŽƌĂƋƵĂƚŝĐ ĞĚƵĐĂƚŝŽŶ͕ǁĞƚůĂŶĚƐƌĞƐƚŽƌĂƚŝŽŶ͕ďŽĂƚƐĂĨĞƚLJĂŶĚĐůĞĂŶǀĞƐƐĞůƐĂŶŝƚĂƚŝŽŶĚĞǀŝĐĞƐ͘ &ƵŶĚƐĂƌĞĚĞƌŝǀĞĚĨƌŽŵĂƚĂdžŽŶƐƉŽƌƚĨŝƐŚŝŶŐƚĂĐŬůĞ͕ƌĞůĂƚĞĚĨŝƐŚŝŶŐŐĞĂƌĂŶĚ ĞƋƵŝƉŵĞŶƚ͕ĂŶĚŵŽƚŽƌďŽĂƚĨƵĞů͘ tĂƌŵǁĂƚĞƌĨŝƐŚ dŚŝƐŝƐĂŐĞŶĞƌĂůƚĞƌŵƚŚĂƚďƌŽĂĚůLJƌĞĨĞƌƐƚŽĨŝƐŚƚŚĂƚƉƌĞĨĞƌǁĂƌŵ;ďĞƚǁĞĞŶϭϱͲϭϳ  ŽƌϲϬͲϴϬ&ͿǁĂƚĞƌƚĞŵƉĞƌĂƚƵƌĞƐ͘ tĞŝƌƚƌĂƉ  ďĂƌƌŝĞƌƚŚĂŶƐƉĂŶƐĂƐƚƌĞĂŵƚŽĚŝǀĞƌƚĨŝƐŚŝŶƚŽĂŚŽůĚŝŶŐƉĞŶ͘ tŚŝƌůŝŶŐĚŝƐĞĂƐĞ ĚŝƐĞĂƐĞĐĂƵƐĞĚďLJĂŵLJdžŽƐƉŽƌĞĂŶƉĂƌĂƐŝƚĞ;DLJdžŽďŽůƵƐĐĞƌĞďƌĂůŝƐͿ͕ŝŶƚƌŽƵƚĂŶĚ  ŽƚŚĞƌĨŝƐŚ͘ tŝůĚĨŝƐŚ ĨŝƐŚƚŚĂƚŝƐƌĞƉƌŽĚƵĐŝŶŐĂŶĚƐƵƐƚĂŝŶŝŶŐĂƉŽƉƵůĂƚŝŽŶǁŝƚŚŽƵƚƚŚĞŚĞůƉŽĨŚƵŵĂŶƐ͘  ǁŝůĚĨŝƐŚĐĂŶďĞŶĂƚŝǀĞŽƌŶŽŶͲŶĂƚŝǀĞƐƉĞĐŝĞƐ͘ tŝŶƚĞƌŬŝůů ƐƉĞĐŝĨŝĐĞǀĞŶƚǁŚĞŶĨŝƐŚŽƌŽƚŚĞƌĂƋƵĂƚŝĐŽƌŐĂŶŝƐŵƐĂƌĞŬŝůůĞĚƵƐƵĂůůLJĂĨƚĞƌĂ  ƉƌŽůŽŶŐĞĚƉĞƌŝŽĚŽĨƐŶŽǁŽƌŝĐĞĐŽǀĞƌĂŶĚƵƐƵĂůůLJƌĞůĂƚĞĚƚŽĚĞƉůĞƚŝŽŶƐŝŶ ĂǀĂŝůĂďůĞŽdžLJŐĞŶĂƐĂƌĞƐƵůƚŽĨƚŚĞůĂĐŬŽĨƉŚŽƚŽƐLJŶƚŚĞƐŝƐ͘ yĞƌŝĐ  >ŽĐĂƚŝŽŶƐƚŚĂƚůĂĐŬǁĂƚĞƌ͘ ŽŽƉůĂŶŬƚŽŶ  ^ŵĂůů͕ŽĨƚĞŶŵŝĐƌŽƐĐŽƉŝĐĂŶŝŵĂůƐ͕ƚLJƉŝĐĂůůLJƌŽƚŝĨĞƌƐ͕ĐŽƉĞƉŽĚƐĂŶĚĐůĂĚŽĐĞƌĂŶƐ͘  sĞƌLJŝŵƉŽƌƚĂŶƚĨŽƌĨŽŽĚ͕ĞƐƉĞĐŝĂůůLJŝŶƉŽŶĚƐ͕ůĂŬĞƐĂŶĚƌĞƐĞƌǀŽŝƌƐ͘   

487 MONTANA FISH, WILDLIFE & PARKS 1420 EAST 6TH AVENUE PO BOX 200701 HELENA, MONTANA 59620-0701

406.444.2535 • FWP.MT.GOV

Montana Fish, Wildlife & Parks, through its employees and citizen commission, provides for the stewardship of the fish, wildlife, parks and recreational resources of Montana, while contributing to the quality of life for present and future generations.