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D hZ/ /K ' >/D Zd/ ŶĂƐĐĞ Ă ŽŵŽ ŶĞů ϭϵϱϲ Ğ ĐƌĞƐĐĞ Ă DĞĚĂ͘ ^ƚƵĚŝĂ ĚĂ ŐĞŽŵĞƚƌĂ Ğ ŶĞŝ ĐĂŶƟĞƌŝ ĂĸŶĂ ŝů ƉƵŶƚŽ Ěŝ ǀŝƐƚĂ ƌŝŐŽƌŽƐŽ ĐŽŶ ĐƵŝ ŝŵƉƌĞƐƐŝŽŶĞƌă ŝů ŵŽŶĚŽ͘ ^ŝŶ ĚĂ ƌĂŐĂnjnjŽ ƉĂƌƚĞĐŝƉĂ Ă ŶƵŵĞƌŽƐŝ ĐŽŶĐŽƌƐŝ ĨŽƚŽŐƌĂĮĐŝ͕ ǀŝŶĐĞŶĚŽůŝ͕ ĂĚĚŝƌŝƩƵƌĂ ĐŽŶ ŶŽŵŝ ĚŝǀĞƌƐŝ ĐŽŵĞ ƋƵĞůůŽ ĚĞůůĂ ŵĂͲ ĚƌĞ Ž ĚĞůůĂ ŵŽŐůŝĞ͘ ůůşŝŶŝnjŝŽ ƵƐĂ ůĂ ĐůĂƐƐŝĐĂ ƉĞůůŝĐŽůĂ ĂŶĂůŽŐŝĐĂ ůĂǀŽƌĂŶĚŽ ŵŽůƚŽ ĐŽŶ ƵŶĂ ĨŽƚŽĐĂŵĞƌĂ ĂĚ ŽďďŝĞƫǀŽ ƌŽƚĂŶƚĞ ǁŝĚĞůƵdž ŝŶ ďŝĂŶĐŽ Ğ ŶĞƌŽ Ğ ŝŶ ĚŝĂƉŽͬĐŝďĂĐŚƌŽŵĞ͕ ƉŽŝ ŶĞů ϭϵϴϯ ŝŶŝnjŝĂ ůĂ ƐƵĂ ƉĂƐƐŝŽŶĞͲŽƐƐĞƐƐŝŽŶĞ ƉĞƌ ůĂ WŽůĂƌŽŝĚ͘ >Ă ƐĐĞŐůŝĞ ƉĞƌ ŝů ƐĞŵƉůŝĐĞ ŵŽƟǀŽ ĐŚĞ ŶŽŶ ƐŽƉƉŽƌƚĂǀĂ ů͛ĂƩĞƐĂ ĚĞůůŽ ƐǀŝůƵƉƉŽ ƉĞƌ ǀĞĚĞƌĞ ŝů ƌŝƐƵůƚĂƚŽ ĚĞů ƐƵŽ ƐĐĂƩŽ Ğ ĂŶĐŚĞ ƉĞƌ ƵŶĂ ĞƚĞƌŶĂ ƉĂƵƌĂ ĚĞů ďƵŝŽ ĚĞůůĂ ĐĂŵĞƌĂ ŽƐĐƵƌĂ͘ ^ŝ ĂĐĐŽƌŐĞ ŝŶŽůƚƌĞ ĐŚĞ ůĂ ƌĞƐĂ ĚĞŝ ĐŽůŽƌŝ ĐŽŶ ůĂ ƉĞůůŝĐŽůĂ ŝƐƚĂŶƚĂŶĞĂ ğ ƐĞŵƉůŝĐĞͲ ŵĞŶƚĞ ŵĂŐŝĐĂ ĞĚ ŝŶŝnjŝĂ ƵŶ ůƵŶŐŽ ƉĞƌĐŽƌƐŽ ĮŶŽ ĂĚ ŽŐŐŝ Ěŝ ƌŝĐĞƌĐĂ Ğ Ěŝ ƐƉĞƌŝŵĞŶƚĂnjŝŽŶĞ ŶĞůů͛ƵƐŽ Ěŝ ƋƵĞƐƚŽ ŵĞĚŝĂ͘ EĞŝ Ɖƌŝŵŝ ĂŶŶŝ ŶŽǀĂŶƚĂ ŝŶĨĂƫ͕ ĂďďĂŶĚŽŶĂ ů͛Ăƫǀŝƚă ĞĚŝůŝnjŝĂ Ěŝ ĨĂŵŝŐůŝĂ Ğ ĚĞĐŝĚĞ Ěŝ ĚĞĚŝĐĂƌƐŝ ƐŽůŽ ĂůůĂ ĨŽƚŽŐƌĂĮĂ͘ EĞů ϭϵϵϭ ŝŶŝnjŝĂ ůĂ ĐŽůůĂďŽƌĂnjŝŽŶĞ ĐŽŶ WŽůĂƌŽŝĚ /ƚĂůŝĂ ĚĞůůĂ ƋƵĂůĞ ĚŝǀĞŶƚĂ ďĞŶ ƉƌĞƐƚŽ ŝů ƚĞƐƟŵŽŶŝĂů ƵĸĐŝĂůĞ Ğ ĐŚĞ ŚĂ ĐŽŵĞ ƌŝƐƵůƚĂƚŽ ŝů ǀŽůƵŵĞ WK> ZK/ WZK Zd ƉƵďďůŝĐĂƚŽ ŶĞů ϭϵϵϱ͕ ǀĞƌŽ ŽŐŐĞƩŽ Ěŝ ĐƵůƚŽ ƉĞƌ Őůŝ ĂƉƉĂƐƐŝŽŶĂƟ Ěŝ ƉĞůůŝĐŽůĂ ƉŽůĂͲ ƌŽŝĚ Ěŝ ƟƉŽ ŝŶƚĞŐƌĂůĞ͘ /ů ϭϵϵϳ ğ ů͛ĂŶŶŽ ĐŚĞ ǀĞĚĞ ů͛ĞŶƚƌĂƚĂ ŶĞů ŵŽŶĚŽ ĚĞů ĐŽůůĞnjŝŽŶŝƐŵŽ Ě͛ĂƌƚĞ ĚĞŝ ƐƵŽŝ ŵŽƐĂŝĐŝ Ěŝ ƉŽůĂƌŽŝĚ͘ EĞůůŽ ƐǀŝůƵƉƉŽ Ěŝ ƋƵĞƐƚĂ ƐƵĂ ƉĞĐƵůŝĂƌĞ ƚĞĐŶŝĐĂ ŚĂŶŶŽ ŐƌĂŶĚĞ ŝŶŇƵĞŶnjĂ ŝů ĨƵƚƵƌŝƐŵŽ Ěŝ ŽĐĐŝŽŶŝ Ğ ŝů ŵŽǀŝŵĞŶƚŽ ĐŝŶĞƟĐŽ ĞƐĂƐƉĞƌĂƚŽ Ěŝ ƵĐŚĂŵƉ͘ 'ĂůŝŵďĞƌƟ ƌŝĞƐĐĞ ŝŶ ƵŶ ŝƐƚĂŶƚĞ Ă ǀŝƐƵĂůŝnjnjĂƌĞ ƵŶĂ ĐŽŵƉůĞƐƐĂ ƐĐŽŵƉŽƐŝnjŝŽŶĞ ĚĞůů͛ŝŵŵĂŐŝŶĞ ĚĂ ƌŝƚƌĂƌƌĞ͕ ŵĂƚĞŵĂƟĐĂ ŶĞů ƐƵŽ ƌŝŐŽƌĞ Ğ ŵƵƐŝĐĂůĞ ŶĞůů͛ĂƌŵŽŶŝĂ Ě͛ŝŶƐŝĞŵĞ͕ ĐŚĞ ƌĞĂůŝnjnjĂ Ěŝ ŐĞƩŽ ůĞŐŐĞŶĚŽ ůĞ ŶŽƚĞ ŶĞůůĂ ƐƵĂ ŵĞŶƚĞ͘ ŽŶ ůĂ ƐƚĞƐƐĂ ƚĞĐŶŝĐĂ ĚŝǀŝĞŶĞ ĐŽŶŽƐĐŝƵƚŽ ƉĞƌ ŝ ƐƵŽŝ ƌŝƚƌĂƫ͕ ƐĞŵƉƌĞ Ă ŵŽƐĂŝĐŽ͘ ƌƌŝǀĂ ŶĞů ϭϵϵϵ ůĂ ŶŽŵŝŶĂ Ăů ƉƌŝŵŽ ƉŽƐƚŽ ŶĞůůĂ ĐůĂƐƐŝĮĐĂ ĚĞŝ ĨŽƚŽͲƌŝƚƌĂƫƐƟ ŝƚĂůŝĂŶŝ ƌĞĚĂƩĂ ĚĂůůĂ ƌŝǀŝƐƚĂ ůĂƐƐ͘ >Ă ƉŽƉŽůĂƌŝƚă Ğ ƐƵĐĐĞƐƐŽ ĐŽŶ ĐƵŝ ǀĞŶŐŽŶŽ ĂĐĐŽůƚĞ ƋƵĞƐƚĞ ŝŶƵƐƵĂůŝ ƌĂƉƉƌĞƐĞŶƚĂnjŝŽŶŝ Ěŝ ǀŽůƟ ůŽ ƉŽƌƚĂŶŽ Ă ƉĂƌƚĞĐŝƉĂƌĞ ŶĞů ƌƵŽůŽ Ěŝ ƌŝƚƌĂƫƐƚĂ Ă ŶƵŵĞƌŽƐĞ ĞĚŝnjŝŽŶŝ ĚĞů &ĞƐƟǀĂů ĚĞů ŝŶĞŵĂ Ěŝ sĞŶĞnjŝĂ͘ /Ŷ ƉĂƌƟĐŽůĂƌĞ͕ ŶĞůů͛ĞĚŝnjŝŽŶĞ ĚĞů ĨĞƐƟǀĂů ĚĞů ϮϬϬϯ͕ ŝů ƐƵŽ ƌŝƚƌĂƩŽ Ěŝ :ŽŚŶŶLJ ĞƉƉ ƐĂƌă ůĂ ĐŽƉĞƌƟŶĂ ĚĞů dŝŵĞƐ DĂŐĂnjŝŶĞ ŝŶŐůĞƐĞ ĚĞů Ϯϳ ƐĞƩĞŵďƌĞ ĚĞůůŽ ƐƚĞƐƐŽ ĂŶŶŽ͘ >Ă ĐƵƌŝŽƐŝƚă ƉĞƌ ůĂ ƉĂƌƟĐŽůĂƌĞ ƚĞĐŶŝĐĂ ĚĂ ůƵŝ ƐǀŝůƵƉƉĂƚĂ ŚĂ ƐƵƐĐŝƚĂƚŽ ů͛ŝŶƚĞƌĞƐƐĞ Ěŝ ŶƵŵĞƌŽƐĞ ĂnjŝĞŶĚĞ ůĞĂĚĞƌ ŝŶ ǀĂƌŝ ƐĞƩŽƌŝ͕ ƚƌĂ ůĞ ƋƵĂůŝ͗ DŝůĂŶ ĐĂůĐŝŽ ;͞/ů DŝůĂŶ ĚĞů ĐĞŶƚĞŶĂƌŝŽ͟Ϳ &ŝĂƚ ƵƚŽ ;ĐĂůĞŶĚĂƌŝŽ ϮϬϬϲ͕ ůŝďƌŽ ͞sŝĂŐŐŝŽ ŝŶ ŝƚĂůŝĂ͘​͘​͘ ŶƵŽǀĂ ĮĂƚ ϱϬϬ͟Ϳ <ĞƌĂŬŽůů ;ůŝďƌŽ ͞EĞǁzŽƌŬŵĂƚĞƌŝĐŽŵŽǀŝŵĞŶƚŽƐĂ͟Ϳ :ĂĞŐĞƌ >ĞĐŽƵůƚƌĞ ;ůŝďƌŽ ͞>Ă ŐƌĂŶĚ ŵĂŝƐŽŶ͟Ϳ /ůůLJ ĐĂīğ ;ĐĂŵƉĂŐŶĂ ŝƐƟƚƵͲ njŝŽŶĂůĞ ϮϬϬϴͿ EŽŬŝĂ ; ůŝďƌŽ ͞ƚĞůĞĨŽŶŝŶŽƚĞŵƉŽĞŵŽnjŝŽŶĞ͟Ϳ >ĂŶĐŝĂ ƵƚŽ ;ƌŝƚƌĂƫ ĂůůĂ ϲϲĂ ŵŽƐƚƌĂ ĚĞů ĐŝŶĞŵĂ Ěŝ sĞŶĞnjŝĂͿ͘ EĞů ϮϬϬϱ ů͛ŝŶĐŽŶƚƌŽ ĐŽŶ ŝ ^ŝŐ͘ƌŝ &ƵŵĂŐĂůůŝ͕ ĂƉƉĂƐƐŝŽŶĂƟ Ğ ĐŽůůĞnjŝŽŶŝƐƟ Ěŝ ĂƌƚĞ ĐŽŶƚĞŵƉŽƌĂŶĞĂ͕ ŚĂ ƉĞƌŵĞƐƐŽ Ă 'ĂůŝŵďĞƌƟ Ěŝ ŝŶŝnjŝĂƌĞ ůĂ ƌĞĂůŝnjnjĂnjŝŽŶĞ Ěŝ ŝŵƉŽƌƚĂŶƟ ǀŽůƵŵŝ ƐƵůůĞ ĐŝƩă ĚĞů ŵŽŶĚŽ ĐŽŵĞ EĞǁ zŽƌŬ͕ sĞŶĞnjŝĂ͕ ĞƌůŝŶŽ͘ /ŶŽůƚƌĞ ŶĞů ϮϬϬϳ ǀŝĞŶĞ ĨŽŶĚĂƚŽ ů͛ ƌĐŚŝǀŝŽ EŽƌĚ Ɛƚ ĐŚĞ ƌĂĐĐŽŐůŝĞ͕ ŶƵŵĞƌĂ Ğ ĐĂƚĂůŽŐĂ ůĞ ƐƵĞ ŽƉĞƌĞ Ăů ĮŶĞ Ěŝ ǀĂůŽƌŝnjnjĂƌůĞ Ğ Ěŝ ƚƵƚĞůĂƌŶĞ ů͛ĂƵƚĞŶƟĐŝƚă͘ EĞůů͛ŽƩŽďƌĞ ϮϬϬϵ ŝŶ ŽĐĐĂƐŝŽŶĞ ĚĞůůĂ ƌŝĂƉĞƌƚƵƌĂ Ěŝ WŽůĂƌŽŝĚ ğ ŝŶǀŝƚĂƚŽ ŝŶ ǀĞƐƚĞ Ěŝ ƚĞƐƟŵŽŶŝĂů ƵĸĐŝĂůĞ ĂůůĂ ĮĞƌĂ ĚĞůůĂ ĨŽƚŽŐƌĂĮĂ Ěŝ ,ŽŶŐ <ŽŶŐ͕ Ěŝ >ĂƐ sĞŐĂƐ Ğ Ăů dƌŝďĞĐĂ &ŝůŵ &ĞƐƟǀĂů͕ ƌĞĂůŝnjnjĂŶĚŽ ƉŽƌƚƌĂŝƚƐ ƉĞƌĨŽƌŵĂŶĐĞ ĐŽŶ >ĂĚLJ 'ĂŐĂ͕ ŚƵĐŬ ůŽƐĞ Ğ ZŽďĞƌƚ ĚĞ EŝƌŽ͘ EĞůů͛ĂƉƌŝůĞ ĚĞů ϮϬϭϭ͕ /DWK^^/ > ͕ ŶƵŽǀŽ ďƌĂŶĚ ƉƌŽĚƵƩŽƌĞ Ěŝ ŝŶƐƚĂŶƚ Įůŵ ͕ Őůŝ ŚĂ ĚĞĚŝĐĂƚŽ ƵŶ ŝŶƐƚĂŶƚ Įůŵ ďΘǁ ĚĞŶŽŵŝŶĂƚŽ ͞/DWK^^/ > D hZ/ /K ' >/DͲ Zd/ ^W / > /d/KE͘͟ 'ĂůŝŵďĞƌƟ ğ ŝŶŽůƚƌĞ ǀŝƐŝƟŶŐ ƉƌŽĨĞƐƐŽƌ ĂůůĂ ŽŵƵƐ ĐĂĚĞŵLJ Ğ Ăůů͛/ƐƟƚƵƚŽ /ƚĂůŝĂͲ ŶŽ Ěŝ ĨŽƚŽŐƌĂĮĂ Ěŝ DŝůĂŶŽ͘ dŝĞŶĞ ƌĞŐŽůĂƌŵĞŶƚĞ ǁŽƌŬƐŚŽƉ Ěŝ ĨŽƚŽŐƌĂĮĂ ĐƌĞĂƟǀĂ ĚƵƌĂŶƚĞ ŝ ƉƌŝŶĐŝƉĂůŝ ĨĞƐƟͲ ǀĂů ĨŽƚŽŐƌĂĮĐŝ͘ >Ğ ƐƵĞ ŽƉĞƌĞ ĨĂŶŶŽ ƉĂƌƚĞ ĚĞůůĞ Ɖŝƶ ŝŵƉŽƌƚĂŶƟ ĐŽůůĞnjŝŽŶŝ Ěŝ ĨŽƚŽŐƌĂĮĂ͘ ƩƵĂůŵĞŶƚĞ ůĂǀŽƌĂ ĂĚ ƵŶ ƉƌĞƐƟŐŝŽƐŽ ǀŽůƵŵĞ ƐƵůůĂ ĐŝƩă Ěŝ DŝůĂŶŽ ŝŶ ǀŝƐƚĂ ĚĞůů͛ džƉŽ ĚĞů ϮϬϭϱ͕ ĞĚ ĂĚ ƵŶ ƉƌŽŐĞƩŽ ƉĞƌ ůĂ &ŽŶĚĂnjŝŽŶĞ ĂƉƌŝ ĐƵƌĂƚŽ ĚĂ ĞŶŝƐ ƵƌƟ͘

SK *LRUJLR 7ULFDULFR

sŝƐŝŽŶĞhƐƵĂůĞWŝĂnjnjŽƐĂ ŝŶĂŵŝĐĂ

DĂƵƌŝnjŝŽ 'ĂůŝŵďĞƌƟ

WĂĞƐĂŐŐŝŶŽ^ŽŐŶŽƐŽ

DĂƵƌŝnjŝŽ 'ĂůŝŵďĞƌƟ

'ŝĂŶnjŝKůŝǀŽDĂŶŽƐŽ

DĂƵƌŝnjŝŽ 'ĂůŝŵďĞƌƟ

DĂƵƌŝnjŝŽ 'ĂůŝŵďĞƌƟ

DĂƵƌŝnjŝŽ 'ĂůŝŵďĞƌƟ

DĂƵƌŝnjŝŽ 'ĂůŝŵďĞƌƟ

DĂƵƌŝnjŝŽ 'ĂůŝŵďĞƌƟ

DĂƵƌŝnjŝŽ 'ĂůŝŵďĞƌƟ

dƌŝďƵƚŽ ůůĂ>ƵĐĞ&ŝŶĂů'ŚŝƌƌŝĂŶĂ

&ƌĂŶĐĞƐĐŽ ŝƚŽ

/ů ŵƵƌŽ Ě͛/ƐƌĂĞůĞ

&Z E ^ K /dK ğ ŶĂƚŽ Ă EĂƉŽůŝ ŝů ϱ ŵĂŐŐŝŽ ϭϵϰϵ͕ ǀŝǀĞ Ă DŝůĂŶŽ͘ ŽƉŽ ĂǀĞƌ ĨƌĞƋƵĞŶƚĂƚŽ ůĞ ƐĐƵŽůĞ ƐƵƉĞƌŝŽƌŝ͕ ĚĞĐŝĚĞ Ěŝ ĂďďĂŶĚŽŶĂƌĞ Őůŝ ƐƚƵĚŝ Ğ ŐŝƌĂ ů͛ ƵƌŽƉĂ͘ EĞů ϭϵϳϮ Ɛŝ ĨĞƌŵĂ Ă >ŽŶĚƌĂ ƉĞƌ ĚĞĚŝĐĂƌƐŝ ĂůůĂ ĨŽƚŽŐƌĂĮĂ͕ ĚĂ ƐĞŵƉƌĞ ŝů ƐƵŽ ŽďďŝĞƫǀŽ͕ ƋƵĂŶĚŽ ĂŶĐŽƌĂ ďĂŵďŝŶŽ͕ ůĞŐŐĞǀĂ ƉŽĐĂ͕ ƐŽŐŶĂŶĚŽ ƵŶ ŐŝŽƌŶŽ Ěŝ ĞŵƵůĂƌĞ tĂůƚĞƌ ŽŶĂƫ͘ /ů ƐƵŽ ŝŶƚĞŶƚŽ ŶĞůůĂ ĐĂƉŝƚĂůĞ ƌŝƚĂŶŶŝĐĂ ğ Ěŝ ĨƌĞƋƵĞŶƚĂƌĞ ŝ ĐŽƌƐŝ Ěŝ ĨŽƚŽŐƌĂĮĂ ƉƌĞƐƐŽ ŝů ZŽLJĂů ƌƚ ŽůůĞŐĞ͕ ŵĂ ĚĞǀĞ ĐŽŶƐƚĂƚĂƌĞ ƉƵƌƚƌŽƉƉŽ ĐŚĞ ůĂ ƐĐƵŽůĂ ĞƌĂ ƚƌŽƉƉŽ ĐĂƌĂ ƉĞƌ ůĞ ƐƵĞ ƉŽƐƐŝďůŝŝƚă͘ WĞƌ ƐŽƉƌĂǀǀŝǀĞƌĞ ŶĞůůĂ >ŽŶĚƌĂ ĚĞŝ ĨĂǀŽůŽƐŝ ĂŶŶŝ ϳϬ͕ Ɛŝ ĂĚĂƩĂ Ăŝ Ɖŝƶ ƐǀĂƌŝĂƟ ŵĞƐƟĞƌŝ͕ ĚĂů ůĂǀĂƉŝĂƫ ŝŶ ƵŶ ƌŝƐƚŽƌĂŶƚĞ ŝŶ <ŝŶŐ͛Ɛ ZŽĂĚ͕ Ăů ĨĂĐĐŚŝŶŽ Ăŝ DĂŐĂnjnjŝŶŝ ,ĂƌƌŽĚ͛Ɛ ŝŶ <ŶŝŐŚƚƐďƌŝĚŐĞƐ͕ ƉĞƌ ƉŽŝ ůĂǀŽƌĂƌĞ Ăů ZŽŶŶŝĞ ^ĐŽƩ͛Ɛ͕ ƚĞŵƉŝŽ ĚĞů ũĂnjnj͘ ŽƉŽ ƵŶ ĂŶŶŽ Ěŝ ĞƐƉĞƌŝĞŶnjĂ ůĂǀŽƌĂƟǀĂ ƉĞƌ ƵŶ ƐĞƫŵĂŶĂůĞ Ěŝ ŵƵƐŝĐĂ ƉŽƉͲƌŽĐŬ͕ ŶĞů ϭϵϳϱ ĚŝǀĞŶƚĂ ĨŽƚŽŐƌĂĨŽͲĨƌĞĞͲůĂŶĐĞ ĞĚ ŝŶŝnjŝĂ Ă ĐŽůůĂďŽƌĂƌĞ ĐŽŶ ŝů ^ƵŶĚĂLJ dŝŵĞƐ DĂŐĂnjŝŶĞ͕ ĐŚĞ Őůŝ ĚĞĚŝĐĂ ůĂ ƉƌŝŵĂ ĐŽƉĞƌƟŶĂ ĐŽŶ ŝů ƌĞƉŽƌƚĂŐĞ ͞>Ă ŵĂƩĂŶnjĂ͘͟ ^ƵĐĐĞƐƐŝǀĂŵĞŶƚĞ ĐŽůůĂďŽƌĂ ĐŽŶ >͛KďƐĞƌǀĞƌ DĂŐĂnjŝŶĞ͘ EĞů ϭϵϴϬ͕ ĚŽƉŽ ů͛ŝŶǀĂƐŝŽŶĞ ƐŽǀŝĞƟĐĂ͕ ğ ƵŶŽ ĚĞŝ Ɖƌŝŵŝ ĨŽƚŽƌĞƉŽƌƚĞƌ Ă ƌĂŐŐŝƵŶŐĞƌĞ ĐůĂŶĚĞƐƟŶĂŵĞŶƚĞ ů͛ ĨŐŚĂŶŝƐƚĂŶ ŽĐĐƵƉĂƚŽ͕ ƉĞƌĐŽƌƌĞŶĚŽ Ă ƉŝĞĚŝ ŽůƚƌĞ ϭϮϬϬ <ŵ Ăů ƐĞŐƵŝƚŽ Ěŝ ǀĂƌŝ ŐƌƵƉƉŝ Ěŝ ŐƵĞƌƌŝŐůŝĞƌŝ ;DƵũĂŚŝĚĚŝŶͿ͘ dƌĂ ůĂ ĮŶĞ ĚĞů ϭϵϴϮ Ğ ů͛ŝŶŝnjŝŽ ĚĞůů ϴϯ͕ ƌĞĂůŝnjnjĂ Ă EĂƉŽůŝ ƵŶ ƌĞƉŽƌƚĂŐĞ ƐƵůůĂ ĐĂŵŽƌƌĂ͘ sĞƌƌă ƉƵďďůŝĐĂƚŽ ŝŶ ƚƵƩŽ ŝů ŵŽŶĚŽ͕ ĚĂů ƐĞƫŵĂŶĂůĞ ƉŽĐĂ Ăů ƚĞĚĞƐĐŽ ^ƚĞƌŶ͕ ĚĂ >ŝĨĞ Ă ŝĞ Ğŝƚ DĂŐĂnjŝŶĞ͘ EĞů ϭϵϳϴ ƉĞƌ dŚĞ ^ƵŶĚĂLJ dŝŵĞƐ DĂŐĂnjŝŶĞ ĂǀĞǀĂ ƌĞĂůŝnjnjĂƚŽ͕ ƐĞŵƉƌĞ Ă EĂƉŽůŝ͕ ƵŶ ƌĞƉŽƌƚĂŐĞ ƐƵů ĐŽŶƚƌĂďďĂŶĚŽ Ěŝ ƐŝŐĂƌĞƩĞ ĚĂůů͛ŝŶƚĞƌŶŽ ĚĞůů͛ŽƌŐĂŶŝnjnjĂnjŝŽŶĞ ĐŽŶƚƌĂďͲ ďĂŶĚŝĞƌĂ͘ EĞů ϭϵϴϯ ğ ŝŶǀŝĂƚŽ ƐƵů ĨƌŽŶƚĞ >ŝďĂŶĞƐĞ ĚĂů ƐĞƫŵĂŶĂůĞ ƉŽĐĂ ƉĞƌ ƵŶ ƌĞƉŽƌƚĂŐĞ ƐƵů ĐŽŶŇŝƩŽ ŝŶ ĂƩŽ ŶĞůůĂ W͘>͘K͘ ;KƌŐĂŶŝnjͲ njĂnjŝŽŶĞ >ŝďĞƌĂnjŝŽŶĞ WĂůĞƐƟŶĂͿ ƚƌĂ ŝ ƉƌŽ ƐŝƌŝĂŶŝ ĚĞů ůĞĂĚĞƌ ďƵ DƵƐƐĂ Ğ zĂƐƐĞƌ ƌĂĨĂƚ Ğ ƐƵŽŝ ƐŽƐƚĞŶŝƚŽƌŝ͕ ĞĚ ğ ů͛ƵŶŝĐŽ ĨŽƚŽŐŝŽƌŶĂůŝƐƚĂ Ă ĚŽĐƵŵĞŶƚĂƌĞ ůĂ ĐĂĚƵƚĂ Ěŝ ĞĚĚĂǁŝ ;ĐĂŵƉŽ ƉƌŽĨƵŐŚŝͿ͕ ƵůƟŵĂ ƌŽĐĐĂĨŽƌƚĞ Ěŝ ƌĂĨĂƚ ŝŶ >ŝďĂŶŽ͘ ^ĞŐƵŝƌă Őůŝ ĞǀĞŶƟ ůŝďĂŶĞƐŝ ĮŶŽ Ăů ϭϵϴϯ͘ EĞů ϭϵϴϰ ŝŶŝnjŝĂ ŝů ƐƵŽ ůĂǀŽƌŽ ƐƵůůĂ WĂůĞƐƟŶĂ Ğ ƐƵůůĞ ĐŽŶĚŝnjŝŽŶŝ ĚĞů ƉŽƉŽůŽ ƉĂůĞƐƟŶĞƐĞ Ăůů͛ŝŶƚĞƌŶŽ ĚĞŝ ƚĞƌƌŝƚŽƌŝ ŽĐĐƵƉĂƟ ĚĞůůĂ tĞƐƚ ĂŶŬ ; ŝƐŐŝŽƌĚĂŶŝĂͿ Ğ ůĂ ^ƚƌŝƐĐŝĂ Ěŝ 'ĂnjĂ͘ Ăůů͛ ŝŶŝnjŝŽ ĚĞůůĂ ƉƌŝŵĂ ŝŶƟĨĂĚĂ ϭϵϴϳͲϴϴ͕ Ăů ϭϵϵϰ͕ ƌĞƐƚĂ ĨĞƌŝƚŽ ƚƌĞ ǀŽůƚĞ ĚƵƌĂŶƚĞ Őůŝ ƐĐŽŶƚƌŝ͕ ĚƵĞ ǀŽůƚĞ ĚĂŝ ƐŽůĚĂƟ ŝƐƌĂĞůŝĂŶŝ ĞĚ ƵŶĂ ĚĂŝ ƌŝǀŽůƚŽƐŝ ƉĂůĞƐƟŶĞƐŝ ;^ŚĞďďĂďͿ ĚƵƌĂŶƚĞ ƵŶ ƌĞƉŽƌƚĂŐĞ ƐƵŝ ƐĞƩůĞƌƐ ʹ ŝ ĐŽůŽŶŝ ĞďƌĞŝ ŽůƚƌĂŶnjŝƐƟ ʹ ƉĞƌ ŝů ƐĞƫŵĂŶĂůĞ ƚĞĚĞƐĐŽ ^ƚĞƌŶ͘ EĞůů͛ĂƉƌŝůĞ ϮϬϬϮ͕ ğ ƚƌĂ ŝ ƉŽĐŚŝ ĂĚ ĞŶƚƌĂƌĞ ŶĞů ĐĂŵƉŽ ƉƌŽĨƵŐŚŝ Ěŝ :ĞŶŝŶ͕ ƐŽƩŽ ĐŽƉƌŝͲ ĨƵŽĐŽ ĚƵƌĂŶƚĞ ů͛ĂƐƐĞĚŝŽ ŝƐƌĂĞůŝĂŶŽ͕ ĐŽŵĞ ĂŶĐŚĞ Ă ĞƚůĞŚĞŵ͘ EĞů ϭϵϴϵ ğ ŝŶǀŝĂƚŽ ĚĂů sĞŶĞƌĚŝ Ěŝ ZĞƉƵďďůŝĐĂ Ěŝ ŶƵŽǀŽ ŝŶ ĨŐŚĂŶŝƐƚĂŶ Ğ ĂŶĐŽƌĂ ĐůĂŶĚĞƐƟŶĂŵĞŶƚĞ͕ ƉĞƌ ƌĂĐĐŽŶƚĂƌĞ ůĂ ƌŝƟƌĂƚĂ ƐŽǀŝĞƟĐĂ Ğ ůĂ ƉŽƐƐŝďŝůĞ ƉƌĞƐĂ Ěŝ <ĂďƵů ĚĂ ƉĂƌƚĞ ĚĞůůĂ ƌĞƐŝƐƚĞŶnjĂ ;DƵũĂŚŝĚĚŝŶͿ ůĂ ƋƵĂůĞ ĂǀǀĞƌƌă ƐŽůŽ ŶĞů ϵϰ͘dŽƌŶĞƌă ŝŶ njŽŶĂ Ěŝ ŶƵŽǀŽ ŶĞů ϭϵϵϴ ŝŶǀŝĂƚŽ ĚĂ WĂŶŽƌĂŵĂ DĂŐĂnjŝŶĞ͘ EĞů ϭϵϵϬ͕ ĂŶĐŽƌĂ ƉĞƌ ŝů sĞŶĞƌĚŝ Ěŝ ZĞƉƵďďůŝĐĂ ğ ƚƌĂ ŝ Ɖƌŝŵŝ ĨŽƚŽƌĞƉŽƌƚĞƌ ŝŶ ƌĂďŝĂ ^ĂƵĚŝƚĂ ĚƵƌĂŶƚĞ ůŽ ƐďĂƌĐŽ ĚĞŝ DĂƌŝŶĞƐ h^ ĚŽƉŽ ů͛ŝŶǀĂƐŝŽŶĞ ĚĞůů͛/ƌĂŬ ŝŶ <ƵǁĂŝƚ͘ WƌŝŵŽ ĐŽŶŇŝƩŽ 'ƵĞƌƌĂ ĚĞů 'ŽůĨŽ Ğ Đŝ ƌĞƐƚĞƌă ĮŶŽ ĂůůĂ ůŝďĞƌĂnjŝŽŶĞ ŶĞů ŵĂƌnjŽ ϵϭ͘ Ɖŝƶ ƌŝƉƌĞƐĞ ğ ƉƌĞƐĞŶƚĞ ŶĞůů͛ĂƌĞĂ ĂůĐĂŶŝĐĂ ĚĂůůĂ ŽƐŶŝĂ Ăů <ŽƐƐŽǀŽ ĚƵƌĂŶƚĞ ŝ ǀĂƌŝ ĐŽŶŇŝƫ ŝŶƚĞƌĞƚŶŝĐŝ Ğ ŝŶ ƋƵĞůůŝ ůďĂŶĞƐŝ͘ EĞů ϮϬϬϳ ğ ŝŶǀŝƚĂƚŽ ĚĂů 'ŽǀĞƌŶĂƚŽƌĂƚŽ Ěŝ ^ĂŬŚĂůŝŶ ;ZƵƐƐŝĂͿ ƉĞƌ ůĂ ƌĞĂůŝnjnjĂnjŝŽŶĞ Ěŝ ƵŶ ůĂǀŽƌŽ ĨŽƚŽŐƌĂĮĐŽ ƐƵů ƚĞƌƌŝƚŽƌŝŽ ĚĂ ĚŝǀĞŶŝƌĞ ƵŶĂ ŵŽƐƚƌĂ Ğ ƵŶ ĨŽƚŽ ůŝďƌŽ͘ ŶĐŽƌĂ ŶĞů ϮϬϬϳ͕ ů͛ ƐƐŽĐŝĂnjŝŽŶĞ ŽƌŝŐůŝĂŶŽ ƉĞƌ ůĂ &ŽƚŽŐƌĂĮĂ͕ ůŽ ŝŶǀŝƚĂ Ă ƌĞĂůŝnjnjĂƌĞ ƵŶ ƌĞƉŽƌƚĂŐĞ ƐƵůůĂ ĐŝƩă Ğ ĚŝŶƚŽƌŶŝ͕ ĚĂ ĞƐƉŽƌƌĞ ŝŶ ƵŶĂ ŵŽƐƚƌĂ ŝŶ ĂŵďŝƚŽ ĚĞůůĂ ŵĂŶŝĨĞƐƚĂnjŝŽŶĞ ĂŶŶƵĂůĞ͘ /Ŷ /ƚĂůŝĂ ƐĞŐƵĞ ŝ ĨĂƫ Ěŝ ŵĂĮĂ Ğ Ěŝ ĐĂŵŽƌƌĂ ŝŶ ƉĂƌƟĐŽůĂƌĞ͕ ŵĂ ĂŶĐŚĞ Ăůƚƌŝ ĂƐƉĞƫ Ěŝ ǀŝƚĂ ƐŽĐŝĂůĞ͘ Ă ĂŶŶŝ ƐĞŐƵĞ ŝů WĂůŝŽ Ěŝ ^ŝĞŶĂ Ă ƐĞŐƵŝƚŽ Ěŝ ƵŶĂ ĐŽŶƚƌĂĚĂ͕ ƋƵĞůůĂ ĚĞů EŝĐĐŚŝŽ ŝŶ ƉĂƌƟĐŽůĂƌĞ͕ ƉĞƌ ƌĂĐĐŽŶƚĂƌŶĞ ůĂ ƚƌĂĚŝnjŝŽŶĞ Ğ ůĂ ƉĂƐƐŝŽŶĞ ƐĞĐŽůĂƌĞ ĚĞů ƉŽƉŽůŽ ƐĞŶĞƐĞ͘ EĞŐůŝ ƵůƟŵŝ ƚĞŵƉŝ͕ ů͛ŽďŝĞƫǀŽ ğ ĂŶĐŚĞ ƉƵŶƚĂƚŽ ƐƵůůĂ ^ĂƌĚĞŐŶĂ ĨƵŽƌŝ ĚĂŐůŝ ŝƟŶĞƌĂƌŝ ƚƵƌŝƐƟĐŝ͕ Ğ ĂŶĐŽƌĂ͕ ƐĞŐƵĞ ƵŶ ƉƌŽŐĞƩŽ ƐƵŝ ƉƌŽďůĞŵŝ ĚĞůůĂ ƐŽƌĚŝƚă ƚƌĂ ŝ ďĂŵďŝŶŝ ƉĂůĞƐƟŶĞƐŝ Ă ƐĞŐƵŝƚŽ ĚĞŐůŝ ĞǀĞŶƟ ďĞůůŝĐŝ Ğ ƚĂƌĞ ĞƌĞĚŝƚĂƌŝĞ Ă ĐĂƵƐĂ ĚĞŝ ŵĂƚƌŝŵŽŶŝ ĨƌĂ ĐŽŶƐĂŶŐƵŝŶĞŝ ŶĞůůĂ tĞƐƚ ĂŶŬ ŝŶ WĂůĞƐƟŶĂ͘ Ύ ϭϵϵϱ tŽƌůĚ WƌĞƐƐ WŚŽƚŽ ƚĞƌnjŽ ƉƌĞŵŝŽ ĂLJ ŝŶ ƚŚĞ >ŝĨĞ ƉĞƌ ŝů ͞EĞĂƉŽůŝƚĂŶ tĞĚĚŝŶŐ ƐƚŽƌLJ͞ Ύ ϭϵϵϲ tŽƌůĚ WƌĞƐƐ WŚŽƚŽ Ͳ ƉƌŝŵŽ ƉƌĞŵŝŽ ƉĞƌ ŝů WĂůŝŽ Ěŝ ^ŝĞŶĂ͘ Ύ ϮϬϬϭ >ĞŝĐĂ KƐŬĂƌ ĂƌŶĂŬ ǁĂƌĚ Ͳ DĞŶnjŝŽŶĞ Ě͛KŶŽƌĞ ƉĞƌ ŝů ƌĞƉŽƌƚĂŐĞ ͟^ĂƌĚĞŐŶĂ͟ Ύ ϮϬϬϰ ƌŝĐĞǀĞ ŝů ƉƌĞŵŝŽ ŝƩă Ěŝ dƌŝĞƐƚĞ ƉĞƌ ŝů ZĞƉŽƌƚĂŐĞ͘ /Σ ĞĚŝnjŝŽŶĞ Ύ ϮϬϬϱ ƌŝĐĞǀĞ ŝů ƉƌĞŵŝŽ͗ >Ă ĮďƵůĂ Ě͛ŽƌŽ͕ Ă ĂƐƚĞůŶƵŽǀŽ 'ĂƌĨĂŐŶĂŶĂ ;>hͿ Ύ ϮϬϬϱ ƌŝĐĞǀĞ ŝů ƉƌĞŵŝŽ ͟ tĞƌŶĞƌ ŝƐĐŚŽĨ ͟ /ů ŇĂƵƚŽ Ě͛ĂƌŐĞŶƚŽ ĂĚ ǀĞůůŝŶŽ Ύ ϮϬϬϲ ǀŝŶĐĞ ŝů ƉƌĞŵŝŽ ĂƌŝƉŚŽƚŽĐĂŵĞƌĂ Ύ ϮϬϬϵ ǀŝŶĐĞ ŝů ƉƌĞŵŝŽ ^ĂŶ WŝĞƚƌŽďƵƌŐŽ ;ZƵƐƐŝĂͿ ,Ă ĐŽůůĂďŽƌĂƚŽ Ğ ƉƵďďůŝĐĂƚŽ ƐƵůůĞ ŵĂŐŐŝŽƌŝ ƌŝǀŝƐƚĞ ŶĂnjŝŽŶĂůŝ Ğ ƐƚƌĂŶŝĞƌĞ͗ ƉŽĐĂ͕ ů͛ ƵƌŽƉĞŽ͕ /ůůƵƐƚƌĂnjŝŽŶĞ /ƚĂůŝĂŶĂ͕ KŐŐŝ͕ 'ĞŶƚĞ͕ WĂŶŽƌĂŵĂ͕ >͛ ƐƉƌĞƐƐŽ͕ /ů sĞŶĞƌĚŞ Ěŝ ZĞƉƵďďůŝĐĂ͕ ^ĞƩĞͲ ŽƌƌŝĞƌĞ ĚĞůůĂ ^ĞƌĂ͕ ĚŽŶŶĂ͕ ŝŽ ŽŶŶĂ͕ ^ƚĞƌŶ͕ &ƌĂŶŬĨƵƌƚĞŶ ůͲ ůĞŐŵĂŝŶ DĂŐ͕ ŝĞ Ğŝƚ ŵĂŐĂnjŝŶĞ͕ ^ƵŶĚĂLJ dŝŵĞƐ ŵĂŐĂnjŝŶĞ dŚĞ KďƌƐĞǀĞƌ ŵĂŐĂnjŝŶĞ͕ dŚĞ /ŶĚŝƉĞŶĚĞŶƚ ŵĂŐĂnjŝŶĞ͕ WĂƌŝƐ DĂƚĐŚ͕ &ŝŐĂƌŽ ŵĂŐĂnjŝŶĞ͕ >ŝĨĞ͘ SK (WKDQ

&ƌĂŶĐĞƐĐŽ ŝƚŽ

&ƌĂŶĐĞƐĐŽ ŝƚŽ

&ƌĂŶĐĞƐĐŽ ŝƚŽ

&ƌĂŶĐĞƐĐŽ ŝƚŽ

&ƌĂŶĐĞƐĐŽ ŝƚŽ

>ƵĐŝĂŶŽ &ĞƌƌĂƌĂ

WƌŽĐŝĚĂ >h / EK & ZZ Z ͘ ϭϵϲϰ ʹ ϭϵϲϴ͗ ƐƐŝƐƚĞŶƚĞ Ěŝ ĨŽƚŽŐƌĂĮĂ ƉƌĞƐƐŽ ƐƚƵĚŝ ĂƌƟŐŝĂŶĂůŝ ĚĞůůĂ ĐŝƩă Ěŝ EĂƉŽůŝ Ğ Ěŝ DŝůĂŶŽ͘ &ŽƚŽŐƌĂĨŽ ĨƌĞĞͲůĂŶĐĞ͕ ĚĂŐůŝ ĂŶŶŝ ͛ϳϬ ĐŽůůĂďŽƌĂ ĐŽŶ ůĞ ƉƌŝŶĐŝƉĂůŝ ƚĞƐƚĂƚĞ Ěŝ ƐƚĂŵƉĂ ŝƚĂůŝĂŶĞ Ğ ƐƚƌĂŶŝĞƌĞ͘ WĞƌ ƌĞĂůŝnjnjĂƌĞ ŝ ƐƵŽŝ ƌĞƉŽƌƚĂŐĞ ĐŽůůĂďŽƌĂ ƐƉĞƐƐŽ ĐŽŶ ƐŽĐŝŽůŽŐŝ Ğ ƐƚŽƌŝĐŝ͕ ƌŝƵƐĐĞŶĚŽ ĐŽƐŞ Ă ƌŝƚƌĂƌƌĞ ůĂ ŵĂƌŐŝŶĂůŝƚă ĐŽŶƚĞŵƉŽƌĂŶĞĂ ŝŶ ŵŽĚŽ ůŽŶͲ ƚĂŶŽ ĚĂůůĂ ƌĞƚŽƌŝĐĂ Ğ ĚĂů ůƵŽŐŽ ĐŽŵƵŶĞ͘ ͛ hdKZ /͗ Ύ ͞ ŝ ŵĂƌŐŝŶŝ ĚĞůůĂ ĐŝƩă͕͟ EĂƉŽůŝ ϭϵϴϬ͘ Ύ ͞ ŝnjŝŽŶĂƌŝŽ ƉŽůŝƟĐŽ Ěŝ ƵŶĂ ŐƌĂŶĚĞ ĨĂďďƌŝĐĂ ŵĞƌŝĚŝŽŶĂůĞ͕͟ ĂŐŶŽůŝ͕ ϭϵϴϮ͕ ĞŵŽĐƌĂnjŝĂ WƌŽůĞƚĂƌŝĂ͘ Ύ ͞>ƵĐŝĂŶŽ &ĞƌƌĂƌĂ ZĞƉŽƌƚĞƌ͗ EĂƉŽůŝ Ğ ŽůƚƌĞ͕͟ DŝůĂŶŽ͕ DĂnjnjŽƩĂ͕ ϭϵϴϱ͘ Ύ ͞EĂƉŽůŝ ǀĞƌƐŽ ŝů Ϯ͘ϬϬϬ͕ ^ƉĞĐŝĂůĞ /ƟŶĞƌĂƌŝŽ͘ EĂƉŽůŝ͕ ϭϵϴϲ͘ Ύ ͞>ŝƚŽŐƌĂĮĞ ƌƟƐƟĐŚĞ EĂƉŽůĞƚĂŶĞ͘͟ Ě͘ >ĂŶ͘ EĂƉŽůŝ͕ ϭϵϴϳ͘ Ύ ͞WƌŽĐŝĚĂ͕͟ EĂƉŽůŝ͕ /ŶƚƌĂŵŽĞŶŝĂ͕ ϭϵϵϰ͘ Ύ ͞>͛ƵůƟŵŽ sŝůůĂŐŐŝŽ͕͟ EĂƉŽůŝ͕ ůĞĐƚĂ͕ ϭϵϵϰ͘ Ύ ͞ ƉƉƵŶƟ ŝŵŵĂŐŝŶĂƌŝ Ěŝ ƵŶ ŐƌĂŶĚĞ ƚĞĂƚƌŽ ůŝƌŝĐŽ͕͟ Ě͘>ĂŶ͘ ϭϵϵϳ Ύ ͞ ͛ ƋƵŝ ůĂ ĨĞƐƚĂ͘ ϭϵϳϬͲϭϵϵϳ ͞ ŝƐŽĐĐƵƉĂƟ KƌŐĂŶŝnjnjĂƟ Ă EĂƉŽůŝ͟ ZŽŵĂ͕ hůŝƐƐĞ ĞĚŝnjŝŽŶŝ͕ ϭϵϵϳ͘ Ύ ͞ ĞůůĂ ŽƐĞŶnjĂ͟ &ĞĚŝƌŝĐŽ DŽƩĂ Ě͘ ϮϬϬϬ͘ Ύ ͞/ů DƵƌŽ Ěŝ &ĞƌƌĂƌĂ͟ ^ƉĞĐŝĂůĞ ĚĞů ͞/ů YƵŽƟĚŝĂŶŽ Ěŝ ĂůĂďƌŝĂ͟ &ƌĂŵŵĞŶƟ Ěŝ DƵƌŽ >Ă ĮŶĞ ĚĞů DƵƌŽ Ěŝ ĞƌůŝŶŽ ŽƐĞŶnjĂ͘ ϮϬϬϭ͘ Ύ ͞'ŝƶ ŝů ŵƵƌŽ͟ ĂƌƚŽůŝŶĞ ĚĂ ĞƌůŝŶŽ͘ Ě͘ /ŶƚƌĂŵŽĞŶŝĂ ϮϬϬϭ͘ Ύ ͟ DĞƚƌž ƌƚ͟ ŐƵŝĚĂ ƐƵůůĂ DĞƚƌŽƉŽůŝƚĂŶĂ Ěŝ EĂƉŽůŝ & KD/ /KE ͘ ϮϬϬϯ͘ Ύ ͞^ĐĂƌƉĞ ĨĂƩĞ Ă ŵĂŶŽ͟ WĞůƵƐŽ͘ dŝƌĂƚƵƌĂ ůŝŵŝƚĂƚĂ ŶŽŶ ŝŶ ĐŽŵŵĞƌĐŝŽ ĞĚ͘ ƉƌŝǀĂƚĂ ϮϬϬϯ͘ Ύ ͞^ƚƌŽƌŝĞ Ğ ŵĞƐƟĞƌŝ Ěŝ EĂƉŽůŝ͘ Ě͘ ƌƟŐŝĂŶĂƉŽůŝ ϮϬϬϰ ŝŶ ĐŽůů͘ ŽŶ /ů DĂƫŶŽ͘ Ύ ͞>Ă ŵŝĂ EĂƉŽůŝ͟ >͛KZE ŽĸĐĞ ĚĠƉĂƌƚĞŵĞŶƚĂů ĚĞ ůĂ ĐƵůƚƵƌĞ ʹ EŽƌŵĂŶĚŝĂ &ƌĂŶĐŝĂ ϮϬϬϳ͘ Ύ ͞/> D '>/K KEdZK /> W ''/K͟ Ă ĐƵƌĂ d ^^ K^d > s ^hs/K ϮϬϬϵ͘ Ύ ͞>ĞƐ ŚŽŵŵĞƐ ĚƵ ĨĞƌ͟ ͗>͛KZE ͘ KĸĐĞ ĚĠƉĂƌƚĞŵĞŶƚĂů ĚĞ ůĂ ĐƵůƚƵƌĞ ʹ EŽƌŵĂŶĚŝĂ &ƌĂŶĐŝĂ ϮϬϬϵ͘ Ύ ͞ ğ ĐƵƌƟ ͞ ůĂ ĐĂŵƉĂŶŝĂ ĚĞŝ ƉƌŽĚŽƩŽ ƟƉŝĐŝ͘ ĂƚĂůŽŐŽ ϮϬϭϬ

WƌŽĐŝĚĂ ğ ůƵŽŐŽ ŶĞů ƚĞŵƉŽ Ěŝ ŐƌĂŶĚŝ ĐƵůƚƵƌĞ͗

>Ă ƌĞůŝŐŝŽƐŝƚă͕ ŝů ůĂǀŽƌŽ ƐƵů ŵĂƌĞ Ğ ŶĞůůĂ ƚĞƌƌĂ͕ ů͛ĂƌĐŚŝƚĞƩƵƌĂ͘ EĞůůĂ ƐƵĂ ůƵŶŐĂ ƐƚŽƌŝĂ Ěŝ ŝƐŽůĂͲ ŵĞŶƚŽ Ğ Ěŝ ĨĂƟĐĂ ŚĂ ĂǀƵƚŽ ƐŝŐŶŝĮĐĂƚŽ ů͛ĞƐƉĞƌŝĞŶnjĂ ĐŽůůĞƫǀĂ͕ ĂŶĐŚĞ ƐĞ ĐŚŝƵƐĂ Ăůů͛ŝŶƚĞƌŶŽ Ěŝ ƋƵĞƐƚĂ ŝƐŽůĂ ĚĞů ŐŽůĨŽ Ěŝ EĂƉŽůŝ Ěŝ ůŝŵŝƚĂƚĞ ĚŝŵĞŶƐŝŽŶŝ Ğ ĚĞŶƐĂŵĞŶƚĞ ƉŽƉŽůĂƚĂ͘ &ƌĂŵŵĞŶƚŽ Ěŝ ƵŶĂ Đŝǀŝůƚă ŵĞĚŝƚĞƌƌĂŶĞĂ ŽƌŝŐŝŶĂůĞ ĞƐƐĂ ĚŽĐƵŵĞŶƚĂ ƵŶĂ ƌĞůĂnjŝŽŶĞ ŝŶƚĞŶƐĂ ƚƌĂ ů͛ƵŽŵŽ Ğ ů͛ĂŵďŝĞŶƚĞ ŶĞů ƋƵĂůĞ ĞŐůŝ ǀŝǀĞ͗ ŐŝĂƌĚŝŶŝ ĐŽůƟǀĂƟ ĂĚ ĂŐƌƵŵŝ͕ ǀŝƟ ĞĚ ŽƌƚŽ ĞĚ ƵŶ ƚĞƐƐƵƚŽ ĞĚŝůŝnjŝŽ ŽƌĂ ƌĂĐĐŽůƚŽ ŽƌĂ ĚŝīƵƐŽ͘ ŵĞƌŐŽŶŽ ůĂ ůƵŵŝŶŽƐŝƚă ĐĂůĚĂ ĚĞů ƚƵĨŽ ŐŝĂůůŽ͕ ŝ ĐŽůŽƌŝ ĨŽƌƟ ĚĞů ŵĂƌĞ Ğ ĚĞůůĂ ǀĞŐĞƚĂnjŝŽŶĞ͕ ůĞ ƚƌĂƐƉĂƌĞŶnjĞ Ěŝ ƋƵĞůůŝ ĂƌƟĮĐŝĂůŝ͕ ŝ ƚĞŶƵŝ ƌŽƐĂ͕ ŽĐƌĂ͕ ĐĞůĞƐƚĞ ƵŶŝƟ Ăů ďŝĂŶĐŽ ĐĂůĐĞ ĚĞŐůŝ ĂƌĐŚŝ Ğ ĚĞůůĞ ǀŽůƚĞ͘ >͛ĂƌĐŚŝƚĞƩƵƌĂ ŽƌŝŐŝŶĂƌŝĂ Ěŝ WƌŽĐŝĚĂ ƉƵž ĞƐƐĞƌĞ ĐŽŶƐŝĚĞƌĂƚĂ ů͛ĞƐƉĞƌŝĞŶnjĂ ĞƐƉůŝĐŝƚĂ Ěŝ ƋƵĞƐƚĂ ƉĂƌƟĐŽůĂƌĞ ƐŽĐŝĂůŝƚă ĞƐƉƌĞƐƐĂ ŝŶ ĨŽƌŵĞ ĂůƚĞ ƐĞƉƉƵƌĞ ĐŽŶĐůƵƐĞ ĞŶƚƌŽ ůĂ ƉƌŽƉƌŝĂ ĐŽŵƵŶŝƚă͘ ƌŝǀĞůĂ ŶĞůůĂ ƐƚĞƐƐĂ ĐŽŵƉůĞƐƐŝƚă ĐŽŵƉŽƐŝƟǀĂ ƵŶ ŝŶƐŝĞŵĞ Ěŝ ǀĂůŽƌŝ ƐƉĂnjŝĂůŝ ĚŝĐŚŝĂƌĂƟ͕ ƌŝĨĞƌŝƟ Ăů ůƵŽŐŽ ŶĞů ƋƵĂůĞ Őůŝ ĂďŝƚĂŶƟ ǀŝǀŽŶŽ͕ ůĂǀŽƌĂŶŽ͕ ĂŵĂŶŽ͘ 'ŝĂŶĐĂƌůŽ ŽƐĞŶnjĂ

>ƵĐŝĂŶŽ &ĞƌƌĂƌĂ

>ƵĐŝĂŶŽ &ĞƌƌĂƌĂ

>ƵĐŝĂŶŽ &ĞƌƌĂƌĂ

>ƵĐŝĂŶŽ &ĞƌƌĂƌĂ

>ƵĐŝĂŶŽ &ĞƌƌĂƌĂ

/ǀŽ ^ĂŐůŝĞƫ

ůƚƌŽǀĞ /ǀŽ ^ĂŐůŝĞƫ ŶĂƚŽ Ă dŽůŽŶĞ͕ ŝŶ &ƌĂŶĐŝĂ͕ ŶĞůϭϵϰϴ͘ EĞŝ Ɖƌŝŵŝ ĂŶŶŝ ƐĞƩĂŶƚĂ ŝŶŝnjŝĂ Ă ůĂǀŽƌĂƌĞ ŝŶ /ƚĂůŝĂ ĐŽŵĞ ƌĞŐŝƐƚĂ ƌĞĂͲ ůŝnjnjĂŶĚŽ ĚŽĐƵŵĞŶƚĂƌŝ ƐƵ ƚĞŵŝ ƐŽĐŝĂůŝ͘ EĞů ϭϵϳϴ Ɛŝ ƚƌĂƐĨĞƌŝƐĐĞ ŝŶ &ƌĂŶĐŝĂ ƉĞƌ ĚĞĚŝĐĂƌƐŝ ĞƐĐůƵƐŝǀĂŵĞŶƚĞ ĂůůĂ ĨŽƚŽŐƌĂĮĂ Ěŝ ƌĞƉŽƌƚĂŐĞ͘ YƵŝ ĨĂƌă ďĂƐĞ ƉĞƌ ŝ ƐƵŽŝ ŶƵŵĞƌŽƐŝ ǀŝĂŐŐŝ͘ ŽƉŽ ĐŝƌĐĂ ǀĞŶƚ͛ĂŶŶŝ ƚŽƌŶĂ ŝŶ /ƚĂůŝĂ͘ EĞů ĨƌĂƩĞŵƉŽ ĐŽŶ ŝů ƐƵŽ ŽďŝĞƫǀŽ ĚŽĐƵŵĞŶƚĂ ůĞ ƌĞĂůƚă ƐŽĐŝĂůŝ Ğ ƉŽůŝƟĐŚĞ Ɖŝƶ ĐƌŝƟĐŚĞ Ěŝ ĚŝǀĞƌƐĞ ĂƌĞĞ ĚĞů ŵŽŶĚŽ͗ EŝĐĂƌĂŐƵĂ͕ ƵďĂ͕ ŝůĞ͕ >ŝͲ ďĂŶŽ͕ WĂůĞƐƟŶĂ͕ ŽůŽŵďŝĂ͕ ,ĂŝƟ͕ hŐĂŶĚĂ͕ dĂŶnjĂŶŝĂ͕ ĞŶŝŶ͕ DĂĐĞĚŽŶŝĂ͕ DĂƌŽĐĐŽ͕ <ŽƐŽǀŽ͕ hnjďĞŬŝƐƚĂŶ͕ EŝŐĞƌŝĂ͘ dƌĂ ŝ ƐƵŽŝ ƉƌŽŐĞƫ Ɖŝƶ ŝŵƉŽƌƚĂŶƟ͕ ƋƵĞůůŽ ƌĞĂůŝnjnjĂƚŽ ŝŶ ŝůĞ ƚƌĂ ŝů ϭϵϴϲ Ğ ŝů ϭϵϴϴ ĚƵƌĂŶƚĞ ů͛ƵůƟŵŽ ƉĞƌŝŽĚŽ ĚĞůůĂ ĚŝƩĂƚƵƌĂ Ěŝ WŝŶŽĐŚĞƚ͘ ůů͛ŝŶŝnjŝŽ ĚĞŐůŝ ĂŶŶŝ ŶŽǀĂŶƚĂ͕ ŝŶǀĞĐĞ͕ ğ ŝŶ ŵĞƌŝĐĂ >ĂƟŶĂ ƉĞƌ ƵŶĂ ŶƵŽǀĂ ƌŝĐĞƌĐĂ ŝŶ ŽĐĐĂƐŝŽŶĞ ĚĞŝ ϱϬϬ ĂŶŶŝ ĚĂůůĂ ƐĐŽƉĞƌƚĂ ĚĞůů͛ ŵĞƌŝĐĂ͘ Ă ƋƵĞƐƚŽ ůĂǀŽƌŽ ŶĂƐĐĞ ůĂ ŵŽƐƚƌĂ &ŽƚŽŐƌĂĮĞ ĚĂů EƵŽǀŽ DŽŶĚŽ͘ EĞů ϭϵϵϴ ŝŶŝnjŝĂ ƵŶ ƉƌŽŐĞƩŽ ƐƵů ĐŽŶĐĞƩŽ Ěŝ ĨƌŽŶƟĞƌĂ ŶĞů DĞĚŝƚĞƌƌĂŶĞŽ ĂŶĐŽƌĂ ŝŶ ƉƌŽŐƌĞƐƐ͘ EĞů ϮϬϬϰ ŝŶŝnjŝĂ ƵŶ ŶƵŽǀŽ ƉƌŽŐĞƩŽ Ă ůƵŶŐŽ ƚĞƌŵŝŶĞ ŝŶ hnjďĞŬŝƐƚĂŶ ŝŶƟƚŽůĂƚŽ dŚĞ ŝŐ dŚƌĞĞ ƐƵůůĞ ƚƌĞ ŐƌĂŶĚŝ ŵĂůĂƫĞ ĞƉŝĚĞŵŝĐŚĞ Ͳ ƚƵďĞƌĐŽůŽƐŝ͕ ŵĂůĂƌŝĂ Ğ ĂŝĚƐ Ͳ ĐŚĞ ĂŶĐŽƌĂ ŽŐŐŝ ĐŽůƉŝƐĐŽŶŽ ƐŽƉƌĂƩƵƩŽ ŝ ƉĂĞŝƐŝ Ɖŝƶ ƉŽǀĞƌŝ ĚĞů ƉŝĂŶĞƚĂ͘ EĞů ϮϬϬϬ ĚŝǀĞƚĂ ŵĞŵďƌŽ ĂƐƐŽĐŝĂƚŽ ĚĞůͲ ů͛ĂŐĞŶnjŝĂ ƚĞĚĞƐĐĂ ĞŝƚĞŶƐƉŝĞŐĞů Ğ ĚĂů ϮϬϬϱ ĚĞůů͛ĂŐĞŶnjŝĂ WƌŽƐƉĞĐƚ͘ WƌŝŵĂ ĚĞů ƌŝĐŽŶŽƐĐŝŵĞŶƚŽ Ěŝ ƋƵĞƐƚ͛ĂŶŶŽ Ăů tŽƌůĚ WƌĞƐƐ WŚŽƚŽ͕ ŶĞů ϭϵϵϮ ĂǀĞǀĂ Őŝă ƌŝĐĞǀƵƚŽ ĂůůŽ ƐƚĞƐƐŽ ĐŽŶĐŽƌƐŽ ŝů ƉƌŝŵŽ ƉƌĞŵŝŽ͕ ƉĞƌ ůĂ ĐĂƚĞŐŽƌŝĂ ĂŝůLJ EĞǁƐ͕ ĐŽŶ ŝů ůĂǀŽƌŽ ƐƵůůĂ ƐŝƚƵĂnjŝŽŶĞ ĚĞů WĞƌƶ ĚƵƌĂŶƚĞ ů͛ĞƉŝĚĞŵŝĂ ĚĞů ĐŽůĞƌĂ͕ Ğ ŶĞů ϭϵϵϵ͕ ĂŶŶŽ ŝŶ ĐƵŝ ŚĂ ŽƩĞŶƵƚŽ ůĂ DĞŶnjŝŽŶĞ Ě͛KŶŽƌĞ ƉĞƌ ƵŶ ƐƵŽ ƌĞƉŽƌƚĂŐĞ ƐƵů <ŽƐŽǀŽ͘ dƌĂ Őůŝ Ăůƚƌŝ ƌŝĐŽŶŽƐĐŝŵĞŶƟ ŝů WƌĞŵŝŽ ŶnjŽ ĂůĚŽŶŝ ŶĞů ϮϬϬϲ͕ ĐŽŶ ů͛ĂŐĞŶnjŝĂ WƌŽƐƉĞĐƚ ƉĞƌ ŝů ƐƵŽ ƌĞƉĂƌƚĂŐĞ ^͘Ɖ͘ ĐƋƵĂ͕ ƌĞĂůŝnjnjĂƚŽ ƐƵů ĞůƚĂ ĚĞů EŝŐĞƌ͘ >͛ĂŶŶŽ ƐĐŽƌƐŽ Őůŝ ğ ƐƚĂƚŽ ĂƐƐĞŐŶĂƚŽ ŝů WƌĞŵŝŽ ŚĂƚǁŝŶ ͞>͛KĐĐŚŝŽ ƐƐŽůƵƚŽ͘͟ ůĐƵŶĞ ĚĞůůĞ ƐƵĞ ƉƵďďůŝĐĂnjŝŽŶŝ͗ ĂůůĂ ƉĂƌƚĞ ĚĞůů͛ŽŵďƌĂ ;DŽŶĚĂĚŽƌŝ ůĞĐƚĂ͕ DŝůĂŶŽ Ͳ ϮϬϬϳͿ͕ ^ŽƩŽ ůĂ ƚĞŶĚĂ Ěŝ ďƌĂŵŽ͘ Ğŝƌ DĂƌ DƵƐĂ ĞůͲŚĂďĂƐĐŝ ;WĞůŝƟ͕ ZŽŵĂ Ͳ ϮϬϬϰͿ͕ &ƌŽŵ KǁŝĚĂŚ ƚŽ WŽƌƚͲĂƵͲWƌŝŶĐĞ ; ŐŽƌă͕ dŽƌŝŶŽ ϭϵϵϲͿ͕ KďŝĞƫǀŽ &ĂŵŝŐůŝĂ ; ŐĂ͕ dŽƌŝŶŽ Ͳ ϭϵϵϰͿ͕ ŚŝůĞ͕ ŝů ƌƵŵŽƌĞ ĚĞůůĞ ƐĐŝĂďŽůĞ ;ĞĚ͘ >ŵ Ͳ ϭϵϴϵͿ͘ tŽƌŬƐŚŽƉƐ͕ ŽŶĨĞƌĞŶĐĞƐ ĂŶĚ ǁĂƌĚƐ

Ͳ ϭϵϵϲͬϭϵϵϳ ^ŽĐŝĂů WŚŽƚŽŐƌĂƉŚLJ ĂŶĚ WŚŽƚŽũŽƵƌŶĂůŝƐŵ͗ dŚĞ LJĞ ĂŶĚ ƚŚĞ /ĚĞĂ ƵůƚƵƌĂů ĞŶƚĞƌ dƵƌŝŶ Ͳ ϭϵϵϳ ƚŚŝĐƐ ĂŶĚ WŚŽƚŽũŽƵƌŶĂůŝƐŵ 'ŝũŽŶ ^ƉĂŝŶ Ͳ ϭϵϵϳ WŚŽƚŽŐƌĂƉŚLJ ĂŶĚ ZĞĂůŝƚLJ ŽŶĨĞƌĞŶƚĞ Ăƚ &ŽŶĚĂnjŝŽŶĞ /ƚĂůŝĂŶĂ ƉĞƌ ůĂ &ŽƚŽŐƌĂĮĂ dƵƌŝŶ Ͳ ϭϵϵϳ ŽŶĨĞƌĞŶĐĞ hŶŝǀĞƌƐŝƚLJ ^ĂŶ WĂďůŽ DĂĚƌŝĚ Ͳ ϭϵϵϴ tŽƌŬƐŚŽƉ ǁŝƚŚ :ŝŵŵLJ &Ždž /ŶƚĞƌŶĂƟŽŶĂů WŚŽƚŽũŽƵƌŶĂůŝƐŵ DĞĞͲ ƟŶŐ 'ŝũŽŶ ^ƉĂŝŶ Ͳ ϭϵϵϴ ŽŶĨĞƌĞŶĐĞ ŽŶ WŚŽƚŽũŽƵƌŶĂůŝƐŵ ĂŶĚ ^ŽĐŝĂů WŚŽƚŽŐƌĂƉŚLJ Ăƚ ƚĞŚĞ hŶŝǀĞƌƐŝƚLJ ŽĨ ,ƵŵĂŶŝƐƟĐ Ͳ ŽĨ ^ĂŶ :ƵĂŶ ƚŚĞ dĞŶĞƌŝĨĞ ^ƉĂŝŶ Ͳ ϮϬϬϬͬϮϬϬϯ tŽƌŬƐŚŽƉ Ăƚ dWt dŽƐĐĂŶĂ WŚŽƚŽŐƌĂƉLJ tŽƌŬƐŚŽƉ Ͳ ϬϬϱͬϮϬϬϲ ^ĂůŝŶĂ /ƐůĞ ^ŝĐŝůLJ WŚŽƚŽŐƌĂƉŚLJ͕ ^ŽĐŝĂů >ĂŶĚƐĐĂƉĞ ĂŶĚ WŚŽƚŽͲ ŐƌĂƉŚŝĐ DŝƐƐŝŽŶ Ͳ ϮϬϭϬ ^LJƌŝĂ Ğŝƌ DĂƌ DƵƐĂ tŽƌŬƐŚŽƉ Ͳ ϮϬϬϵͲϭϬͲϭϭ ͞/ů ƐŝůĞŶnjŝŽ Ğ ůĂ DĞŵŽƌŝĂ͟ tŽƌŬƐŚŽƉ ƵƐĐŚǁŝƚnjͲ ŝƌŬĞŶĂƵ Ͳ ϮϬϬϵͬϬϭϬ tŽƌŬƐŚŽƉ Ăƚ &d/ ƉŚŽƚŽŐƌĂƉŚŝĐ ^ĐŚŽŽů DĂĚƌŝĚ ϲ ƉƚͲ ϭϵϵϮ tWW &ŝƌƐƚ WƌŝnjĞ ĂŝůLJ EĞǁƐ ^ƚŽƌŝĞƐ Ͳ ϭϵϵϲ WƌŝnjĞ WŚŽƚŽŐƌĂƉŚĞƌƐ ŝŶ ƐĞƌǀŝĐĞ ĨŽƌ &ƌĞĞĚŽŵ ĂŶĚ :ƵƐƟĐĞ Ͳ ϭϵϵϵ tWW ,ŽŶŽƵƌ DĞŶƟŽŶ ĨŽƌ ĂŶ ĞƐƐĂLJ ŽŶ <ŽƐŽǀŽ tĂƌ Ͳ ϮϬϬϲ WƌĞŵŝŽ ŶnjŽ ĂůĚŽŶŝ ^͘Ɖ͘ ĐƋƵĂ EŝŐĞƌ ĞůƚĂ ZĞƉŽƌƚĂŐĞ Ͳ ϮϬϬϲ WƌŝnjĞ d & /ƚĂůŝĂŶ WŚŽƚŽŐƌĂƉŚĞƌƐ ŽĨ ƚŚĞ zĞĂƌ Ͳ ϮϬϭϬ WƌĞŵŝŽ ŚĂƚǁŝŶ ͞>͛KĐĐŚŝŽ ƐƐŽůƵƚŽ͟ Ͳ ϮϬϭϭ ttW dŚŝƌĚ ƉƌŝnjĞ ƉŚŽƚŽ ƐŝŶŐůĞ

,ĂŝƟ

/ǀŽ ^ĂŐůŝĞƫ

<ŽƐŽǀŽ

/ǀŽ ^ĂŐůŝĞƫ

'ĂnjĂ

/ǀŽ ^ĂŐůŝĞƫ

ZĂŵĂůůĂŚ

/ǀŽ ^ĂŐůŝĞƫ

>ĂŵƉĞĚƵƐĂ

/ǀŽ ^ĂŐůŝĞƫ

ĂƌůŽƩĂ ĞƌƚĞůůŝ

ZƵǀ͛ŝ ŶƵǀĂ ;ĚƵĞ Ěŝ ŶŽŝͿ Z>Kdd Zd >>/͕ ĐůĂƐƐĞ ͛ϴϴ͕ ŶĂƚĂ Ă DŽĚĞŶĂ ŵĂ ƚƌĂƐĨĞƌŝƚĂ Ă DŝůĂŶŽ ĚŽǀĞ ůĂǀŽƌĂ ĐŽŵĞ ĨŽƚŽŐƌĂĨĂ ĨƌĞĞůĂŶĐĞ ŶĞů ĐĂŵƉŽ ĚĞůůĂ ŵŽĚĂ͘ ŝƉůŽŵĂƚĂƐŝ ƉƌĞƐƐŽ ůĂ ƉƌĞƐƟŐŝŽƐĂ ĂĐĐĂĚĞŵŝĂ Ěŝ ĨŽƚŽŐƌĂĮĂ :ŽŚŶ <ĂǀĞƌĚĂƐŚ͕ ĐŽůůĂďŽƌĂ ĐŽŶ ůĞ ŵĂŐŐŝŽƌŝ ĂŐĞŶnjŝĞ Ěŝ ŵŽĚĞůƐ ŵĂŶĂŐĞŵĞŶƚ ŝƚĂůŝĂŶĞ Ğ ŽƫĞŶĞ ŝ Ɖƌŝŵŝ ƉƵďďůŝĐĂƟ ƐƵ ƌŝǀŝƐƚĞ Ěŝ ƐĞƩŽƌĞ͘ 'ƌĂnjŝĞ Ăů ĨŽƌƚƵŶĂƚŽ ŝŶĐŽŶƚƌŽ ĐŽŶ &ƌĂŶĐŽ &ŽŶƚĂŶĂ͕ ŐƌĂŶĚĞ ŵĂĞƐƚƌŽ ĚĞůůĂ ĨŽƚŽŐƌĂĮĂ ŝƚĂůŝĂŶĂ͕ ğ ǀĞŶƵƚĂ ŝŶ ĐŽŶƚĂƩŽ ĐŽŶ ŝů ŵŽŶĚŽ ĚĞůů͛ĂƌƚĞ͕ ƐƟŵŽůĂŶĚŽ ůĂ ƐƉĞƌŝŵĞŶͲ ƚĂnjŝŽŶĞ Ğ ůĂ ƌŝĐĞƌĐĂ ƉĞƌƐŽŶĂůĞ͘ Ă ĂůůŽƌĂ ğ ƋƵŝŶĚŝ ŝŵƉĞŐŶĂƚĂ ŝŶ ƵŶ ƉĞƌĐŽƌƐŽ ĂƌƟƐƟĐŽ ĐŚĞ ĂĸĂŶĐĂ Ăůů͛Ăƫǀŝƚă ƉƌŽĨĞƐƐŝŽŶĂůĞ ƐƉĞƌŝĞŶnjĞ ƉƌŽĨĞƐƐŝŽŶĂůŝ /dKZ/ >/͗ ŽůůĞnjŝŽŶŝ ŝŵďŽ ͲůƵŐůŝŽ ϮϬϭϭ ͬ​ͬ <Ƶůƚ DĂŐĂnjŝŶĞ Ͳ ŐŝƵŐŶŽ ϮϬϭϭͬ​ͬ <Ƶůƚ DĂŐĂnjŝŶĞ Ͳ DĂŐŐŝŽ ϮϬϭϭ ͬ​ͬ tŽŶĚĞƌ DĂŐĂnjŝŶĞ Ͳ ƉƌŝůĞ ϮϬϭϭ ͬ​ͬ <Ƶůƚ DĂŐĂnjŝŶĞ Ͳ ƉƌŝůĞ ϮϬϭϭ ͬ​ͬ tŽŶĚĞƌ DĂŐĂnjŝŶĞ Ͳ DĂƌnjŽ ϮϬϭϭ ͬ​ͬ sŽŐƵĞ dĂůĞŶƚƐͲ &ĞďďƌĂŝŽ ϮϬϭϭ ͬ​ͬ :ŵͲũƵƐƚŵĂƌƌŝĞĚ DĂŐĂnjŝŶĞ Ͳ 'ĞŶŶ ϮϬϭϭ ͬ​ͬ ͲŵĞƌŐĞ DĂŐĂnjŝŶĞ Ͳ ŝĐ ϮϬϭϭ ůƚƌĞ WƵďďůŝĐĂnjŝŽŶŝ͗ &ŽƚŽůŽŐŝĞ Ͳ ƉƌŝůĞ ϮϬϭϭ ŶƋƵŝƌĞ DĂŐĂnjŝŶĞ Ͳ &ĞďďƌĂŝŽ ϮϬϭϭ ^Ğƌǀŝnjŝ ƉĞƌ ŐĞŶnjŝĞ Ěŝ DŽĚĞů DĂŶĂŐĞŵĞŶƚ /ŵŐ DŽĚĞůƐͲ DŝůĂŶŽ ϮϬϭϬͬϮϬϭϭ ͬ​ͬ &ĂƐŚŝŽŶ DŽĚĞů DĂŶĂŐĞŵĞŶƚͲ DŝůĂŶŽ ϮϬϭϬͬϮϬϭϭ ͬ​ͬ ůŝƚĞ DŽĚĞů DĂŶĂŐĞŵĞŶƚͲ DŝůĂŶŽ ϮϬϭϬͬϮϬϭϭ ͬ​ͬ tŚLJ ŶŽƚ ŵŽĚĞůƐ Ͳ DŝůĂŶŽ ϮϬϭϬͬϮϬϭϭ ͬ​ͬ :ŽLJ DŽĚĞů DĂŶĂŐĞŶƚ Ͳ DŝůĂŶŽ ϮϬϭϬͬϮϬϭϭ ͬ​ͬ ĞĂƚƌŝĐĞ DŽĚĞů DĂͲ ŶĂŐĞŵĞŶƚ Ͳ DŝůĂŶŽ ϮϬϭϬͬϮϬϭϭ ͬ​ͬ /ŶĚĞƉĞŶĚĞŶƚŵĞŶ DŽĚĞů DĂŶĂŐĞŵĞŶƚ Ͳ DŝůĂŶŽ ϮϬϭϬͬϮϬϭϭ ͬ​ͬ ŽŽŵ ŐĞŶĐLJ Ͳ DŝůĂŶŽ ϮϬϭϬͬϮϬϭϭ ^Ğƌǀŝnjŝ WĞƌ ŐĞŶnjŝĂ ŝ DŽĚĂ ^ƉĞƩĂĐŽůŽ͗ >͛ĂƚĞŶĞŽ Ͳ DŝůĂŶŽ͕ ϮϬϭϬͬϮϬϭϭ ͬ​ͬ DŝůĂŶŽ DŽĚĞůƐ ϮͲ DŽĚĞŶĂ ϮϬϭϬͬϮϬϭϭ s Θ s Ed/͗ ǀĞŶƟ ĂƚĂůŽŐŽ sĂůƚƵƌ͕ DŝůĂŶŽ Ğ KƐƚƵŶŝ ϮϬϬϴͬϮϬϭϭ ͬ​ͬ &ŝĂƚ ;&ŽƚŽŐƌĂĨĂ ƉĞƌ DŝůĂŶŽ >ŽǀĞƐ &ĂƐŚŝŽŶ Ͳ ^ĞƫŵĂŶĂ ĚĞůůĂ DŽĚĂͿ Ͳ DŝůĂŶŽ͕ϮϬϭϬ ͬ​ͬ ǀĞŶƚŽ njŝĞŶĚĂůĞ KƐĂ ZŽŵĂ͕ ϮϬϭϬ ĂƚĂůŽŐŽ Ğ ĂŵƉĂŐŶĂ WĞƌ ͞^ŝůǀĂŶŽ ŝĂŐŝŶŝ͟ Ͳ ϮϬϬϵͬϮϬϭϬ ͬ​ͬ ĂůĞŶĚĂͲ ƌŝŽ WƌŽŵŽnjŝŽŶĂůĞ ^LJƉƌĞŵ Ͳ ϮϬϭϬ ƐƉĞƌŝĞŶnjĞ ĂĚĚŝnjŝŽŶĂůŝ͗ ƐƐŝƐƚĞŶƚĞ ƉĞƌ WƌŽŐĞƫ /Ŷ /ƚĂůŝĂ ŝ &ƌĂŶĐŽ &ŽŶͲ ƚĂŶĂ Ͳ ͞dĞƌƌĞ Ă &ƵŽĐŽ͟ ϮϬϭϬ Ͳ ĞƌĂŵŝĐĂ ĂƐĂůŐƌĂŶĚĞ WĂĚĂŶĂ ;^ĂƐƐƵŽůŽ͕ DŽͿ ͬ​ͬ &ĞƐƟǀĂů &ŽƚŽŐƌĂĮĂ ϮϬϭϬ Ͳ ŽƌŝŐůŝĂŶŽ ĂůĂďƌŽ ; ƐͿ ͬ​ͬ dŽƐĐĂŶĂ &ŽƚŽ &ĞƐƟǀĂů Ͳ ϮϬϭϬ DĂƐƐĂ DĂƌŝƫŵĂ tŽƌŬƐŚŽƉ͗ ƌĞĂƟǀŝƚă Ͳ &ƌĂŶĐŽ &ŽŶƚĂŶĂ ;ϮϬϭϬͿ ͬ​ͬ DŽĚĂ Ͳ ŵĞĚĞŽ dƵͲ ƌĞůůŽ ;ϮϬϬϵͿ WĂƌƚĞĐŝƉĂnjŝŽŶĞ Ă ^ŚŽŽƟŶŐ Ěŝ ĂŵƉĂŐŶĞ Ğ ZĞĚĂnjŝŽŶĂůŝ͗ :ŵͲũƵƐƚ DĂƌͲ ƌŝĞĚ DĂŐĂnjŝŶĞ Ͳ ŵĞĚĞŽ dƵƌĞůůŽ ;'ĞŶŶĂŝŽ ϮϬϭϬͿ ͬ​ͬ &ƌĂƚĞůůŝ ZŽƐƐĞƫ Ͳ 'ŝŽǀĂŶŶŝ 'ĂƐƚĞů ;DĂƌnjŽ ϮϬϭϬͿ WƌĞŵŝ Θ ĞƐƉŽƐŝnjŝŽŶŝ͗ Ͳ 'ĂůůĞƌŝĂ ŝĸ ƌƚĞ WŝĂĐĞŶnjĂ ;ϮϬϭϭͿ Ͳ ŽůůĞƫǀĂ ͞YƵĞůůŝ ŝ &ŽŶƚĂŶĂ͟ ŽůͲ ůĞƫǀĂ Ă ĐƵƌĂ Ěŝ &ƌĂŶĐŽ &ŽŶƚĂŶĂ ŽŶ EƵŵ͘ ϰ ŽƉĞƌĞ ĚĞůůĂ ^ĞƌŝĞ ͞dƌƵĞ Θ &ĂůƐĞ͟ Ͳ WƌĞŵŝŽ ƉƐŽŶ ͞>Ğ >ŽŐŐĞ͟ ;ϮϬϭϬͿ Ͳ ^ĞĐŽŶĚŽ WƌĞŵŝŽ ĐŽŶĐŽƌƐŽ ŶĂnjŝŽͲ ŶĂůĞ ŝŶ ŽĐĐĂƐŝŽŶĞ ĚĞů dŽƐĐĂŶĂ &ŽƚŽ &ĞƐƟǀĂů ;DĂƐƐĂ DĂƌŝƫŵĂͿ ĐŽŶ ů͛ŽƉĞƌĂ ͞dƌƵĞ Θ &ĂůƐĞ͟ Ͳ ĂŶĚŽ ^ƉĞĐŝĂů ŵŝůŝĂ ZŽŵĂŐŶĂ ;ϮϬϭϬͿ Ͳ &ŝŶĂůŝƐƚĂ ĐŽŶĐŽƌƐŽ ƌĞŐŝŽŶĂůĞ ƉĞƌ ů͛ĂƋƵŝƐŝnjŝŽŶĞ Ěŝ ŽƉĞƌĞ Ěŝ ŐŝŽǀĂŶŝ ĂƌƟƐƟ ƉĞƌ ůĂ ĨŽŶĚĂnjŝŽŶĞ ĨŽƚŽŐƌĂͲ ĮĂ ĚĞůůĂ ĐĂƐƐĂ Ěŝ ƌŝƐƉĂƌŵŝŽ Ěŝ DŽĚĞŶĂ ĞĚ ĞƐƉŽƐŝnjŝŽŶĞ ƉƌĞƐƐŽ ŐĂůůĞƌŝĂ dž ^ĂŶƚ͛ ŐŽƐƟŶŽ͘ Ͳ dŽƐĐĂŶĂ &ŽƚŽ &ĞƐƟǀĂů ;ϮϬϭϬͿ Ͳ DŽƐƚƌĂ ͞'LJĞ ELJĂŵĞ͟ Ͳ ŽůůĞnjŝŽŶĞ &ƌĂŶĐŽ &ŽŶƚĂŶĂ ƉƌĞƐƐŽ 'ĂůůĞƌŝĂ ŝǀŝĐĂ Ěŝ DŽĚĞŶĂ ;ϮϬϭϬͿ Ͳ / ^ĞŐŶŝ ĚĞů dĞŵƉŽ ;ϮϬϬϵͿ Ͳ sŝŶĐŝƚƌŝĐĞ ĞůůĂ ^ĞnjŝŽŶĞ ͞/ĚĞĂ ƌĞĂƟǀĂ͟ SK %ULJLGD *LDQ]L

ĂƌůŽƩĂ ĞƌƚĞůůŝ

ĂƌůŽƩĂ ĞƌƚĞůůŝ

ĂƌůŽƩĂ ĞƌƚĞůůŝ

ĂƌůŽƩĂ ĞƌƚĞůůŝ

ĂƌůŽƩĂ ĞƌƚĞůůŝ

&ĂďƌŝnjŝŽ ĞůůŽŵŽ

DŝŐƌĂnjŝŽŶŝ /ŶƐƚĂdž ϮϬϬ & Z/ /K >>KDK Ͳ Ăƌŝ͕ ϭϵϴϮ͘ >ĂƵƌĞĂ ŝŶ ĚŝƐĞŐŶŽ ŝŶĚƵƐƚƌŝĂůĞ ƉƌĞƐƐŽ ůĂ ĨĂĐŽůƚă Ěŝ ĂƌĐŚŝƚĞƩƵƌĂ ĚĞůů͛ƵŶŝǀĞƌƐŝƚă ĚĞŐůŝ ƐƚƵĚŝ Ěŝ &ŝƌĞŶnjĞ ;ϮϬϬϯͬϬϳͿ͖ ŵĂͲ ƐƚĞƌ ŝŶ ĨŽƚŽŐƌĂĮĂ ƉƌĞƐƐŽ ůĂ ĨŽŶĚĂnjŝŽŶĞ &ŽƌŵĂ Ěŝ DŝůĂŶŽ ŝŶ ƐĞŐƵŝƚŽ Ă ƵŶĂ ďŽƌƐĂ Ěŝ ƐƚƵĚŝŽ ƌŝĐĞǀƵƚĂ ĚĂůůĂ ƌĞŐŝŽŶĞ WƵŐůŝĂ ŶĞůů͛ĂŵďŝƚŽ ĚĞů ƉƌŽŐĞƩŽ ͞ ŽůůĞŶƟ ^ƉŝƌŝƟ͟ ;ϮϬϬϵͿ͘ tŽƌŬƐŚŽƉ Ğ ůĂďŽƌĂƚŽƌŝ͗ ĞĂƚ ^ƚƌĞƵůŝ ;ŵƵƐĞŽ Ěŝ ĨŽƚŽŐƌĂĮĂ ĐŽŶƚĞŵƉŽƌĂŶĞĂ Ěŝ ŝŶŝƐĞůůŽ ĂůƐĂŵŽͲϮϬϭϭͬϭϮͿ͖ &ƌĂŶĐĞͲ ƐĐŽ :ŽĚŝĐĞ ;&ŽŶĚĂnjŝŽŶĞ &ŽƌŵĂ ƉĞƌ ůĂ ĨŽƚŽŐƌĂĮĂͲϮϬϬϵͿ͖ DĂƌŝŽ ƌĞƐĐŝͬDĂƌƟŶĞ sŽLJĞƵdž ; ŽƌŝŐůŝĂŶŽ ĂůĂďƌŽ &ŽƚŽŐƌĂͲ ĮĂͲϮϬϬϴͿ͖ ^ƵŬƌĂŶ DŽƌĂů ;ĂĐĐĂĚĞŵŝĂ Ěŝ ĞůůĞ ƌƟ Ěŝ ĂƌŝͲϮϬϬϴͿ͖ >ĂƉŽ ŝŶĂnjnjŝ ;ĨĂĐŽůƚă Ěŝ ĂƌĐŚŝƚĞƩƵƌĂ ĚĞůů͛ƵŶŝǀĞƌƐŝƚă ĚĞŐůŝ ƐƚƵĚŝ Ěŝ &ŝƌĞŶnjĞͲϮϬϬϯͿ͘ /ŶƚĞƌĞƐƐĂƚŽ Ăůů͛ƵƟůŝnjnjŽ ĐŽŶĐĞƩƵĂůĞ Ğ ŵĞƚĂͲůŝŶŐƵŝƐƟĐŽ ĚĞŝ ŵĞnjnjŝ ƌĂƉƉƌĞƐĞŶƚĂƟǀŝ͘ ^ĞůĞnjŝŽŶĂƚŽ ĚĂů ŵƵƐĞŽ Ěŝ ĨŽƚŽŐƌĂĮĂ ĐŽŶƚĞŵƉŽƌĂŶĞĂ Ěŝ ŝŶŝƐĞůůŽ ĂůƐĂŵŽ ;D/Ϳ ƉĞƌ ƵŶ ƉƌŽŐĞƩŽͬĐŽŵŵŝƐƐŝŽŶĞ Ě͛ĂƌƚĞ ƉƵďďůŝĐĂ ƉĞƌ ŝů ďŝĞŶŶŝŽ ϮϬϭϭͬϭϮ͖ ƐĞůĞnjŝŽŶĂƚŽ ĚĂůůĂ ƌĞŐŝŽŶĞ WƵŐůŝĂ ƉĞƌ ů͛ŝĚĞĂnjŝŽŶĞ Ğ ůĂ ƌĞĂůŝnjnjĂnjŝŽŶĞ Ěŝ ƵŶ ƉƌŽŐĞƩŽ Ě͛ĂƌƚĞ ƉƵďďůŝĐĂ ŶĞů ƉŽƌƚŽ ĂŶƟĐŽ Ěŝ Ăƌŝ ;ϮϬϭϭͿ͖ ĐŽůůĂďŽƌĂnjŝŽŶĞ ĐŽŶ ů͛ĂƌƟƐƚĂ ůƵƐƐĞŵďƵƌŐŚĞƐĞ Ğƌƚ dŚĞŝƐ ŶĞůů͛ĂŵďŝƚŽ ĚĞů ƉƌŽŐĞƩŽ /ƐŽůĂƌƚĐĞŶƚĞƌ ;DŝůĂŶŽͿ͖ ƉƌŽŵŽƚŽƌĞ Ěŝ ƵŶ ƉƌŽŐĞƩŽ Ěŝ ƌŝĐĞƌĐĂ ůĞŐĂƚŽ ĂůůĂ ŐŝŽǀĂŶĞ ĨŽƚŽŐƌĂĮĂ ƉƵŐůŝĞƐĞ͗͟ĐĂƌƚŽůŝŶĞ ĚĂůůĞ ƉƵŐůŝĞ͟;ϮϬϭϬͬϭϭͿ͖ ƐĞůĞnjŝŽŶĂƚŽ ƉĞƌ ŶƵŵĞƌŽƐĞ ĞƐƉŽƐŝnjŝŽŶŝ ĐŽůͲ ůĞƫǀĞ͕ ƌĂƐƐĞŐŶĞ ǀŝĚĞŽ Ğ ƉƌŽŐĞƫ ĚĂ ĚŝǀĞƌƐŝ ĐƌŝƟĐŝ Ğ ĐƵƌĂƚŽƌŝ ŝƚĂůŝĂŶŝ͕ ĨƌĂ ĐƵŝ͗ Z͘ Ăƌŝůůŝ͕ Z͘'ĂǀĂƌƌŽ͕ D͘ ĂnjnjŝŶŝ͕ &͘ ĂŶŽƚ͕ >͘WĂŶĂƌŽ͕ D͘ ĂůĚƵnjnjŝ͕ Z͘sĂůƚŽƌƚĂ͕ d͘DĂĐƌŞ͕ ͘DĂƌŝŶŽ͕ >͘ Ğ sĞŶĞƌĞ͘ >Ă DŽƐƚƌĂ /ŶƐƚĂdžϮϬϬ Ϯϴ ĨŽƚŽŐƌĂĮĞ ƐƵ ƉĞůůŝĐŽůĂ Ă ƐǀŝůƵƉƉŽ ŝƐƚĂŶƚĂŶĞŽ ĨƵũŝ ϴ͘ϲͬϭϬ͘ϴ ϮϬϭϬ hŶĂ ƐĞƌŝĞ Ěŝ ŝƐƚĂŶƚĂŶĞĞ ƐĐĂƩĂƚĞ ĐŽŶ ƵŶĂ ĨƵũŝĮůŵ ŝŶƐƚĂdž ϮϬϬ͗ ƌŝƚƌĂƫ Ěŝ ďĞŶŐĂůĞƐŝ ĚĞů ŵŝůĂŶĞƐĞ ĐŚĞ ƵƐĂŶŽ ŝů ŵĞĚĞƐŝŵŽ ŵŽĚĞůůŽ Ěŝ ŵĂĐĐŚŝŶĂ ĨŽƚŽŐƌĂĮĐĂ ĐŽŵĞ ƐƚƌƵŵĞŶƚŽ ƋƵŽƟĚŝĂŶŽ Ěŝ ůĂǀŽƌŽ͕ ĐĞƌĐĂŶĚŽ ĂĐƋƵŝƌĞŶƟ Ěŝ ƵŶŽ ƐĐĂƩŽ Ž Ěŝ ƌŽƐĞ͕ ĐĂƉƉĞůůŝ͕ ĂĐĐĞŶĚŝŶŝ Ğ ƋƵĂůƐŝĂƐŝ ĂůƚƌŽ ŽŐŐĞƩŽ͘ ůĞ ĨŽƚŽ ƐŽŶŽ ŝŶ ƉŽƐĂ͕ ƐĞŐŶŽ ĐŚĞ ĐŽŶ ŝ ƐŽŐŐĞƫ ğ ƐƚĂƚĂ ŝŶƚƌĂƩĞŶƵƚĂ ƵŶĂ ƌĞůĂnjŝŽŶĞ Ăů ĮŶĞ Ěŝ ŝŶĚƵƌůŝ Ă ͞ĐŽŵƉƌĂƌĞ͟ ůĂ ůŽƌŽ ƐƚĞƐƐĂ ŝĚĞĂ͘

&ĂďƌŝnjŝŽ ĞůůŽŵŽ

&ĂďƌŝnjŝŽ ĞůůŽŵŽ

&ĂďƌŝnjŝŽ ĞůůŽŵŽ

'ŝƵƐĞƉƉĞ &ĂŶŝnjnjĂ

DŝŐƌĂnjŝŽŶŝ /ŵŵĂŐŝŶĂƌŝ Ěŝ ŽŶĮŶĞ Ͳ DĂƌĞ EŽƐƚƌƵŵ

'/h^ WW & E/ Ͳ EĂƚŽ Ă &ĂƐĂŶŽ ; ZͿ ŝů ϰ ĨĞďďƌĂŝŽ ĚĞů ϭϵϳϵ͘ ƩƵĂůŵĞŶƚĞ ĐŽůůĂďŽƌĂ ĐŽŶ &ŽƌŵĂ͕ ĞŶƚƌŽ /ŶƚĞƌŶĂnjŝŽͲ ŶĂůĞ Ěŝ &ŽƚŽŐƌĂĮĂ Ěŝ DŝůĂŶŽ͕ E ͕ EƵŽǀĂ ĐĐĂĚĞŵŝĂ Ěŝ ĞůůĞ ƌƟ Ěŝ DŝůĂŶŽ Ğ ŽŶŶĞĐƟŶŐ ƵůƚƵƌĞƐ͕ ĂŐĞŶͲ njŝĂ Ěŝ ƌŝĐĞƌĐĂ ŶŽ ƉƌŽĮƚ Ěŝ DŝůĂŶŽ͘ ,Ă ĐŽůůĂďŽƌĂƚŽ ĐŽŶ ŝů ŝƉĂƌƟŵĞŶƚŽ Ěŝ ^ŽĐŝŽůŽŐŝĂ ĚĞůů͛hŶŝǀĞƌƐŝƚă Ěŝ DŝůĂŶŽ ŝĐŽĐĐĂ ŝŶ ƉƌŽŐĞƫ Ěŝ ĨŽƚŽŐƌĂĮĂ Ğ ǀŝĚĞŽ ĂƉƉůŝĐĂƟ ĂůůĂ ƌŝĐĞƌĐĂ ƐŽĐŝĂůĞ͘ ,Ă ƉƌĞƐĞŶƚĂƚŽ ŝ ƐƵŽŝ ůĂǀŽƌŝ ƉƌĞƐƐŽ͗ WŚŽƚŽDĞĚŝƚĞƌƌĂͲ ŶĞĂ͕ Ăƌŝ͕ ĂƉƌŝůĞ ϮϬϭϭ͖ /ŵŵĂŐŝŶĂƌŝ Ěŝ ŽŶĮŶĞ ʹ DĂƌĞ EŽƐƚƌƵŵ͕ &ŽƌŵĂ͕ ŶŽǀĞŵďƌĞ ϮϬϭϬ͖ DŽƵŶƚĂŝŶ WŚŽƚŽ &ĞͲ ƐƟǀĂů ϮϬϭϬ͕ ŽƐƚĂ͖ &KdK'Z &/ ͍ /ŶĐŽŶƚƌŝ ĐŽŶ ŐŝŽǀĂŶŝ ĂƵƚŽƌŝ Ă ĐƵƌĂ Ěŝ ĂƌĞKĨ Ğ DƵƐĞŽ Ěŝ &ŽƚŽŐƌĂĮĂ ŽŶƚĞŵͲ ƉŽƌĂŶĞĂ͕ DŝůĂŶŽ͖ /ŵĂŐŝŶĂƌŝĂ &ŝůŵ &ĞƐƟǀĂů ϮϬϭϬ͕ ŽŶͲ ǀĞƌƐĂŶŽ ; Ϳ͖ >ĂŵƉĞĚƵƐĂ ŝŶ &ĞƐƟǀĂů ϮϬϭϬ͘

'ŝƵƐĞƉƉĞ &ĂŶŝnjnjĂ

'ŝƵƐĞƉƉĞ &ĂŶŝnjnjĂ

'ŝƵƐĞƉƉĞ &ĂŶŝnjnjĂ

ŶĚƌĞĂ <ƵŶŬů

DŝŐƌĂnjŝŽŶŝ /ŵŵĂŐŝŶĂƌŝ Ěŝ ŽŶĮŶĞ Ͳ DĂƌĞ EŽƐƚƌƵŵ E Z <hE<> Ͳ ĨŽƚŽŐƌĂĨŽ͕ ŶĂƚŽ ŶĞů ϭϵϴϬ ǀŝǀĞ Ă DŝͲ ůĂŶŽ͘ >ĂƵƌĞĂƚŽ ŝŶ ƐŽĐŝŽůŽŐŝĂ ĐŽŶ ƵŶĂ ƚĞƐŝ ƐƵů ƵƌďŝĐŝĚŝŽ ĂƐƐŝŵĞƚƌŝĐŽ ŶĞů ĐŽŶŇŝƩŽ ŝƐƌĂĞůŽͲƉĂůĞƐƟŶĞƐĞ͘ ,Ă ĐŽůůĂͲ ďŽƌĂƚŽ ĐŽŶ ŝů ĚŝƉĂƌƟŵĞŶƚŽ Ěŝ ƐŽĐŝŽůŽŐŝĂ Ğ ŝů ůĂďŽƌĂƚŽƌŝŽ Ěŝ ƐŽĐŝŽůŽŐŝĂ ǀŝƐƵĂůĞ Ěŝ DŝůĂŶŽ ŝĐŽĐĐĂ͘ ŽůůĂďŽƌĂ ĐŽŶ ŽŶŶĞĐƟŶŐ ƵůƚƵƌĞƐ ĂŐĞŶnjŝĂ Ěŝ ƌŝĐĞƌĐĂ ŶŽ ƉƌŽĮƚ͘ ͛ ĂƵͲ ƚŽƌĞ Ě͛/ŵŵĂŐŝŶĂƌŝ Ěŝ ĐŽŶĮŶĞ Ͳ DĂƌĞ EŽƐƚƌƵŵ͘ WƌŽŐĞƩŽ ĮŶĂŶnjŝĂƚŽ ĚĂůůĂ ƵŶŝǀĞƌƐŝƚă Ěŝ DŝůĂŶŽ ĐŚĞ͕ ƚƌĂ Őůŝ Ăůƚƌŝ͕ ğ ƐƚĂƚŽ ĞƐƉŽƐƚŽ ƉƌĞƐƐŽ ůŽ ƐƉĂnjŝŽ &ŽƌŵĂ͕ ĐĞŶƚƌŽ ŝŶƚĞƌͲ ŶĂnjŝŽŶĂůĞ Ěŝ ĨŽƚŽŐƌĂĮĂ Ěŝ DŝůĂŶŽ ŶĞů ŶŽǀĞŵďƌĞ ϮϬϭϭ͕ ĚƵƌĂŶƚĞ &ŽƚŽŐƌĂĮĐĂ͕ ůĂ ƐĞƫŵĂŶĂ ĂŶŽŶ͘ /ů ƉƌŽŐĞƩŽ ŝŵŵĂŐŝŶĂƌŝ Ěŝ ĐŽŶĮŶĞ ͲŵĂƌĞ ŶŽƐƚƌƵŵͲ Ɛŝ ďĂƐĂ ƐƵůůĂ ĂƚĂůŽŐĂnjŝŽŶĞ ĨŽƚŽŐƌĂĮĐĂ͕ ů͛ĂƉƉƌŽĨŽŶĚŝŵĞŶƚŽ ǀŝĚĞŽ Ğ ƐƵůůĂ ƉŽƚĞŶnjŝĂůĞ ƌŝƉƌŽĚƵĐŝďŝůŝƚă ŝŶĮŶŝƚĂ͘ ^ŝ ŽĐĐƵƉĂ Ěŝ ĨŽƚŽŐƌĂĮĂ ƐŽĐŝĂůĞ͕ Ěŝ ƌĞƉŽƌƚĂŐĞ Ğ Ěŝ ƐƉĞƌŝŵĞŶƚĂnjŝŽŶĞ ƚƌĂ ĨŽƚŽŐƌĂĮĂ Ğ ǀŝĚĞŽ͘ ͛ ĚŽĐĞŶƚĞ ƉƌĞƐƐŽ ŝů ŵĂƐƚĞƌ Ěŝ ĨŽƚŽŐƌĂĮĂ ǀŝƐƵĂů ĚĞƐŝŐŶ Ěŝ &ŽƌŵĂͬEĂďĂ ŝŶ ĐƵŝ ĐŽŽƌĚŝŶĂ ƵŶ ŽƐƐĞƌǀĂƚŽƌŝŽ ƐƵůů͛ džƉŽ ϮϬϭϱ Ěŝ DŝůĂŶŽ͘ /ů ƐƵŽ ůĂǀŽƌŽ ğ ƉƌĞƐĞŶƚĞ ŶĞůů͛ĂƌĐŚŝǀŝŽ ĐĂƌĞ ŽĨ ĚŽĐǀĂ͘ dƌĂ Őůŝ Ăůƚƌŝ͕ ŚĂ ƉƌĞƐĞŶƚĂƚŽ ŝ ƐƵŽŝ ůĂǀŽƌŝ Ăů >ĂŵƉĞĚƵƐĂ Įůŵ ĨĞƐƟǀĂů͖ /ŵĂͲ ŐŝŶĂƌŝĂ Įůŵ ĨĞƐƟǀĂů͕ ŽŶǀĞƌƐĂŶŽ ; ĂͿ͖ ƉŚŽƚŽ ŵĞĚŝƚĞƌͲ ƌĂŶĞĂ͖ ͞ĨŽƚŽŐƌĂĮĂ͍ /ŶĐŽŶƚƌŽ ĐŽŶ ŝ ŐŝŽǀĂŶŝ ĂƵƚŽƌŝ͟ ĂͲ ƌĞKĨ Ğ DƵƐĞŽ Ěŝ &ŽƚŽŐƌĂĮĂ ŽŶƚĞŵƉŽƌĂŶĞĂ͕ ĨĂďďƌŝĐĂ ĚĞů ǀĂƉŽƌĞ DŝůĂŶŽ͖ ĂŵĞƌĂ ůƵĐŝĚĂ͘ ƩƵĂůŵĞŶƚĞ Ɛŝ ƐƚĂ ŽĐĐƵƉĂŶĚŽ Ěŝ ƵŶ ƉƌŽŐĞƩŽ Ěŝ ůƵŶŐŽ ƉĞƌŝŽĚŽ ƐƵůůĞ ĨƌĂŶͲ ŐĞ ĂŶĂƌĐŽ ŝŶƐƵƌƌĞnjŝŽŶĂůŝƐƚĞ Ěŝ DŝůĂŶŽ Ğ Ěŝ ƵŶ ƉƌŽŐĞƩŽ ƐƵůůĂ ƋƵĞƐƟŽŶĞ ĐƵƌĚĂ͘

ŶĚƌĞĂ <ƵŶŬů

ŶĚƌĞĂ <ƵŶŬů

ŶĚƌĞĂ <ƵŶŬů

'ŝŽǀĂŶŶĂ >Ă &ĂůĐĞ

DŝŐƌĂnjŝŽŶŝ &ƌĂŵŵĞŶƟ Ěŝ ǀƵŽƚŽ '/Ks EE > & > Ͳ ğ ƵŶ͛ĂƌƟƐƚĂ ŵŝůĂŶĞƐĞ ŽƌŝŐŝŶĂůĞ͕ ĚŽƚĂƚĂ Ěŝ ŶŽƚĞǀŽůĞ ĨŽƌnjĂ ĞƐƉƌĞƐƐŝǀĂ͕ ĐŚĞ ĂƩƌĂǀĞƌƐŽ ůĞ ƐƵĞ ŽƉĞƌĞ Đŝ ĐŽŶĚƵĐĞ ŶĞů ŵŽŶĚŽ ĚĞůůĞ ĐŽƐĞ ĚĞůů͛ĂŶŝŵĂ Ğ ĚĞůůĂ ĐŽƐĐŝĞŶnjĂ͘ >Ă ƐƵĂ ĞƐƉůŽƌĂnjŝŽŶĞ ŝŶŝnjŝĂ ĐŽŶ ůĂ ƉŝƩƵƌĂ͕ ƐƉĞƐƐŽ ŝƐƉŝƌĂƚĂ ĚĂůůĂ ĨŽƚŽŐƌĂĮĂ͘ Kůŝŝ ƐƵ ƚĞůĂ ĚŽǀĞ ŝů ĨĞƌǀŽƌĞ Ɛŝ ĐŽŐůŝĞ ĐŽŵĞ ƌĞƐƉŝƌŽ ŝŶ ŽŐŶŝ ƚƌĂƩŽ͘ >͛ĂƌƟƐƚĂ ƐĞŵďƌĂ ĚŝƌŝŐĞƌĞ ŝ ƐĞŶƟŵĞŶƟ͕ ƚƌĂŵƵƚĂŶĚŽůŝ ŝŶ ŵŽǀŝŵĞŶƟ͕ ŝŶ ƉĂƐƐŝ͘ ŝ ƌĂƉŝƐĐĞ ƉĞƌ ŵĞnjnjŽ ĚĞůůĂ ǀŝƐŝŽŶĞ ĚŝƐƐŽůƚĂ ĚĞůůĂ ĮŐƵƌĂ Ğ ĚĞůůŽ ƐƉĂnjŝŽ͕ ŵĂƚĞƌŝĂ ĐŚĞ ƉĞƌĚĞ ĐŽŶƐŝƐƚĞŶnjĂ ĚŝƐƐŝƉĂŶĚŽƐŝ ŶĞůůĂ ƉƵƌĂ ůŝďĞƌƚă͘ EĞůůĂ ƉŝƩƵƌĂ ŝů ƚĞŵĂ ƐƵ ĐƵŝ Ɛŝ ĐŽŶĐĞŶͲ ƚƌĂ ŵĂŐŐŝŽƌŵĞŶƚĞ 'ŝŽǀĂŶŶĂ >Ă &ĂůĐĞ ğ ůĂ ĚĂŶnjĂ͕ ĚŽǀĞ ĐŽŐůŝĞ ů͛ĂƫŵŽ ĨĞƌŵĂƚŽ ĚĂůůĂ ĨŽƚŽŐƌĂĮĂ Ğ ůŽ ĮůƚƌĂ ĨĂĐĞŶĚŽůŽ ƉĂƐƐĂƌĞ ĚĞŶƚƌŽ Ěŝ ƐĠ͗ ŝŵŵĂŐŝŶŝ ǀŝǀĞ͕ ƉĞŶĞƚƌĂŶƟ ŽůƚƌĞ ŝ ĐŽŶĮŶŝ ĂƉƉĂƌĞŶƟ͕ ĐŚĞ Đŝ ƚƌĂƐĐŝŶĂŶŽ ŝŶ ƵŶ ŐŝŽĐŽ ĚŽǀĞ ŶŽŶ ĞƐŝƐƚŽŶŽ ƌĞŐŽůĞ͘ /ů ĐŽůŽƌĞ͕ ŝů ŵŽǀŝŵĞŶƚŽ͕ ŝů ƚĞŵƉŽ Ğ ůŽ ƐƉĂnjŝŽ ƐŽŶŽ Ăƫŵŝ ƉƌŽďĂďŝůŝ ĮƐƐĂƟ ŶĞůů͛ĞůĞŐĂŶnjĂ ƐŝŶƵŽƐĂ ĚĞůůĂ ĐŽŶĨŽƌŵĂnjŝŽŶĞ ĐŽƌƉŽƌĞĂ͘ >Ă ĚĂŶnjĂ ĚŝǀĞŶƚĂ ůŝŶŐƵĂŐŐŝŽ͕ ĐŽŵƵŶŝĐĂnjŝŽŶĞ͕ ƌŝƚŽ͘ >͛ĂƩĞŶnjŝŽŶĞ ƌĂĸŶĂƚĂ Ğ ĐĂůŝďƌĂƚĂ ĚĞŐůŝ ĞƋƵŝůŝďƌŝ ĂīĂƐĐŝŶĂ ĞĚ ŝŶƚƌŝŐĂ͕ ƐĐŽŶĐĞƌƚĂ͕ ĞǀŽĐĂ ŵŝƐƚĞƌŝ Ğ ƐĞŶƐĂnjŝŽŶŝ ƚĂƫůŝ͕ ƐĞĚƵĐĞ ƉĞƌĐŚĠ ŽƐĂ ƐĞŶnjĂ ĨŽƌnjĂƚƵƌĞ͕ ŶŽŶ ƚƌĂĚĞŶĚŽ ŵĂŝ ůĂ ƉŽĞƐŝĂ͕ ĐŚĞ ĂŶnjŝ ŶƵƚƌĞ Ğ ƌŝŐĞŶĞƌĂ ŶĞůůĂ ĐŽŶƟŶƵĂ ĞůĂďŽƌĂnjŝŽŶĞ ƚƌĂ ƉƌĞƐĞŶƚĞ Ğ ƉĂƐƐĂƚŽ͕ ƌŝĐŽƌĚŽ Ğ ĨĂŶͲ ƚĂƐŝĂ͘ >Ă ƌŝĐĞƌĐĂƚĂ ĐŽŶƚƌĂƉƉŽƐŝnjŝŽŶĞ Ěŝ ůƵĐŝ ĞĚ ŽŵďƌĞ͕ ƐƉĞƐƐŽ ƐŽůŽ ďŝƚŽŶĂůŝ ĐŽŵĞ ĨŽƚŽŐƌĂĮĞ ŝŶ ďŝĂŶĐŽ Ğ ŶĞƌŽ͕ ƌŝǀĞůĂ ƵŶ ĐŚŝĂƌŽ ŝŶƚĞƌĞƐƐĞ ƉĞƌ ŝů ůĂƚŽ ŽƐĐƵƌŽ ĚĞůůĂ ƉĞƌƐŽŶĂůŝƚă ƵŵĂŶĂ͘ &ŽƌƐĞ ƋƵĞůůŽ ĚĞůůĂ ƐƚĞƐƐĂ ĂƌƟƐƚĂ͕ ƉƵĚŝĐĂŵĞŶƚĞ ĐĞůĂƚŽ Ğ ƌĞƐŽ ĂƐƐŽůƵƚŽ͘>Ă ĨĂƐĞ ƐƵĐĐĞƐƐŝǀĂ Ěŝ 'ŝŽǀĂŶŶĂ >Ă &ĂůĐĞ ğ ŝů ƉĂƐƐĂŐŐŝŽ ĂůůĂ ƐĐƵůƚƵƌĂ͕ ĐŽŶ ůĂ ĨŽůŐŽƌĂŶƚĞ ƐĐŽƉĞƌƚĂ ĚĞůůĂ ƚƌŝĚŝŵĞŶƐŝŽŶĂůŝƚă͘ >Ğ ŝŵŵĂŐŝŶŝ ĨŽƚŽŐƌĂĮĐŚĞ Ğ ƉŝƩŽƌŝĐŚĞ ĚŝǀĞŶŐŽŶŽ ŵĂƚĞƌŝĂ ƚĂƫůĞ͗ ŶĞ ŶĂƐĐŽŶŽ ƐĐƵůƚƵƌĞ ŝŶ ďƌŽŶnjŽ Ğ ĨĞƌƌŽ͕ ĞƐŝůŝ ƐƚƌƵƩƵƌĞ Ă ƐŽƐƚĞŐŶŽ Ěŝ ŵĂƚĞƌŝĂ ƐĐĂǀĂƚĂ ĮŶŽ Ă ŐŝƵŶŐĞƌĞ Ăůů͛ĞƐƐĞŶnjĂ ĚĞůůŽ ƐƉŝƌŝƚŽ͕ ĮŐƵƌĞ ƵŵĂŶĞ ƐĞŶnjĂ ǀŽůƚŽ͕ ĚŽǀĞ ŝ ƚƌĂƫ ƐŽŵĂƟĐŝ ƉĞƌĚŽŶŽ ǀŽůƵƚĂŵĞŶƚĞ ůĂ ůŽƌŽ ĐĂƌĂƩĞƌŝnjnjĂŶƚĞ ŝĚĞŶƟĮĐĂnjŝŽŶĞ ƉĞƌ ŶŽŶ ĚŝǀĞŶŝƌĞ ƐĐŚŝĂǀŝ Ěŝ Đŝž ĐŚĞ ĂƉƉĂƌĞ͘ ů ƚĞƌŵŝŶĞ Ěŝ ƋƵĞƐƚŽ ƉĞƌĐŽƌƐŽ ŝů ĐĞƌĐŚŝŽ Ɛŝ ĐŚŝƵĚĞ Ğ 'ŝŽǀĂŶŶĂ >Ă &ĂůĐĞ ƚŽƌŶĂ ĂůůĂ ĨŽƚŽŐƌĂĮĂ͘ EĞ ŶĂƐĐŽŶŽ ŽƉĞƌĞ ĐŚĞ ŶŽŶ ƐŽŶŽ ƋƵĂĚƌŝ͕ ƉĞƌĐŚĠ ŶŽŶ ƐŽŶŽ ĚŝƉŝŶƟ͕ ŵĂ ĚĞŝ ƋƵĂĚƌŝ ŚĂŶŶŽ ů͛ĂŶŝŵĂ͕ Ğ ŶŽŶ ƐŽŶŽ ĨŽƚŽŐƌĂĮĞ͕ ƉĞƌĐŚĠ ůŽ ĞƌĂŶŽ ŵŽůƟ Ğ ŵŽůƟ ƉĂƐƐĂŐŐŝ ƉƌŝŵĂ͘ ^ŝ ƉŽƚƌĞďďĞƌŽ ĐŚŝĂŵĂƌĞ ĐŽůůĂŐĞ͕ ŵĂ ğ ƵŶĂ ĚĞĮŶŝnjŝŽŶĞ ĐŚĞ ŶŽŶ ĚĞĮŶŝƐĐĞ͘ ĞƌƚŽ ůŽ ƐŽŶŽ ŝŶ ƐĞŶƐŽ ĐŽŶĐĞƩƵĂůĞ͕ ĂŶĐŚĞ ƐĞ ŶŽŶ ŝŶ ƚĞƌŵŝŶŝ ŵĂƚĞƌŝĂůŝ͘ &ŽƌƐĞ ů͛ĞƐƉƌĞƐƐŝŽŶĞ ĐŚĞ Ɖŝƶ Ɛŝ ĂǀǀŝĐŝŶĂ ůŽƌŽ ğ ͙ ƋƵĂĚƌŝ ĨŽƚŽŐƌĂĮĐŝ͘ WĂƌƚĞŶĚŽ ĚĂ ŵĂƚĞƌŝĂůŝ ĨŽƚŽŐƌĂĮĐŝ͕ ƉĞƌ ůŽ Ɖŝƶ ƉƌŽƉƌŝ͕ Ğ ƐƵůů͛ŽŶĚĂ ĚĞůͲ ů͛ĞŵŽnjŝŽŶĞ͕ ů͛ĂƌƟƐƚĂ ůŝ ƚƌĂƐĮŐƵƌĂ ĐŽŶ ů͛ĂŝƵƚŽ Ěŝ ƐŽĮƐƟĐĂƚĞ ƚĞĐŶŽůŽŐŝĞ ƉĞƌ ƚƌĂƐĨĞƌŝƌůŝ ŶĞů ƉƌŽƉƌŝŽ ŵŽŶĚŽ ŝŶƚĞƌŝŽƌĞ͘ >Ş ŝŶĐŽŶƚƌĂŶŽ ĨƌĂŵŵĞŶƟ Ěŝ ƌŝĐŽƌĚŝ͕ ĚĞƐŝĚĞƌŝ͕ ƐŽŐŶŝ͕ ƉĂƵƌĞ͕ ƐƉĞƌĂŶnjĞ͕ ĐĂůŽƌĞ Ğ ĨĞƌǀŝĚĂ ĨĂŶƚĂƐŝĂ͘ /ů ƌŝƐƵůƚĂƚŽ ƐĨƵŐŐĞ ĂůůĞ ĚĞĮŶŝnjŝŽŶŝ͘ ŽƐŞ ĐŽŵĞ ŶĞůůĂ ƉŝƩƵƌĂ͕ ĂŶĐŚĞ ƋƵŝ ů͛ŝŵŵĂŐŝŶĞ ǀŝǀĞ Ěŝ ĐŽŶƚƌĂƐƟ͕ ĐŽŵĞ ůĂ ǀŝƚĂ͘ ŝž ĐŚĞ Ɛŝ ǀĞĚĞ Ğ Đŝž ĐŚĞ ƌŝŵĂŶĞ ŶĂƐĐŽƐƚŽ͘ ŝž ĐŚĞ ğ ŝŵŵĞĚŝĂƚĂŵĞŶƚĞ ĞǀŝĚĞŶƚĞ Ğ Đŝž ĐŚĞ ĂƉƉĂƌĞ ŝŵƉĞƌĐĞƫďŝůŵĞŶƚĞ͘ / ƚĂŐůŝ ŶĞƫ Ğ ůĞ ƐĨƵŵĂƚƵƌĞ͘ /ů ĚĞƩŽ Ğ ŝů ƉĞŶƐĂƚŽ͕ ŝů ǀŝƐƚŽ Ğ ů͛ŝŵŵĂŐŝŶĂƚŽ͘ /ů ĐŽŶŽƐĐŝƵƚŽ Ğ ů͛ŝŐŶŽƚŽ͕ ŝů ĐŽŶƐĐŝŽ Ğ ů͛ŝŶĐŽŶƐĐŝŽ͘ >͛ĂƉƉĂƌĞŶƚĞ͕ ŝů ƌĞĂůĞ͕ Őůŝ ŝƌƌĞĂůŝ͕ ŝů ƐƵƌƌĞĂůĞ͕ ůĞ ŝŶĮŶŝƚĞ ƉŽƐƐŝďŝůŝƚă͘ /ů ƉƵŶƚŽ Ěŝ ƉĂƌƚĞŶnjĂ ğ ůŽ ƐĐĂƩŽ ĨŽƚŽŐƌĂĮĐŽ͕ ƵŶ ĂƫŵŽ ĐŽůƚŽ ŝŶ ƵŶĂ ƐĞƋƵĞŶnjĂ ŝŶĮŶŝƚĂ Ěŝ ŵŽǀŝŵĞŶƟ͕ Ěŝ ŝŶŝŶƚĞƌƌŽƩŽ ĚŝǀĞŶŝƌĞ͘ >Ă ƐƵĂ ƌĂƉƉƌĞƐĞŶƚĂnjŝŽŶĞ ğ ŝů ƐƵƉĞƌĂŵĞŶƚŽ ĂƩƌĂǀĞƌƐŽ ƵŶĂ ƌĞŝŶƚĞƌƉƌĞͲ ƚĂnjŝŽŶĞ ƉĞƌƐŽŶĂůĞ ĚĞů ĚĂƚŽ͘ >͛ŝŵŵĂŐŝŶĞ ğ ƵŶ ŵĞnjnjŽ ƉĞƌ ƌĂƉƉƌĞƐĞŶƚĂƌĞ ƋƵĂůĐŽƐĂ ĐŚĞ ǀĂ ŽůƚƌĞ͕ ĐŚĞ ƐƵƉĞƌĂ ůĂ ƉƵƌĂ ĮƐŝĐŝƚă͕ ůĂ ƐĞŵƉůŝĐĞ ŵĂƚĞƌŝĂ Ğ ĐŚĞ͕ ƉƵƌ ĐŽŶƚĞŶĞŶͲ ĚŽůĞ ĂƉƉŝĞŶŽ͕ ĞƐƉƌŝŵĞ ƵŶ ĐŽŶĐĞƩŽ͕ ƵŶ͛ŝĚĞĂ͕ ƵŶĂ ůŽƌŽ ƐƵďůŝŵĂnjŝŽŶĞ͘ >Ğ ŝŵŵĂŐŝŶŝ ƚĞŶĚŽŶŽ Ă ƉƌŽǀŽĐĂƌĞ Ğ ƐƵƐĐŝƚĂƌĞ ůŽ ƐƚƵƉŽƌĞ Ěŝ ĨƌŽŶƚĞ ĂůůĂ ĐŽŶĐŝůŝĂnjŝŽŶĞ ŝŶƐŝĞŵĞ ĂƌŵŽŶŝĐĂ Ğ ƐƵƌƌĞĂůĞ Ěŝ ŽƉƉŽƐƟ ƐŽůŽ ĂƉƉĂƌĞŶƚĞŵĞŶƚĞ ŝŶĐŽŶĐŝůŝĂďŝůŝ͘

'ŝŽǀĂŶŶĂ >Ă &ĂůĐĞ

'ŝŽǀĂŶŶĂ >Ă &ĂůĐĞ

'ŝŽǀĂŶŶĂ >Ă &ĂůĐĞ

&ƌĂŶĐĞƐĐŽ DĂůĂǀŽůƚĂ

DŝŐƌĂnjŝŽŶŝ >ĂŵƉĞĚƵƐĂ

&Z E ^ K D > sK>d Ͳ EĂƚŽ Ă ŽƌŝŐůŝĂŶŽ ĂůĂďƌŽ ; ŽƐĞŶnjĂͿ ŶĞů ϭϵϳϱ ͕ ĚŽƉŽ ĂǀĞƌ ǀŝƐƐƵƚŽ ƚƌĂ WƵŐůŝĂ͕ >ĂͲ njŝŽ Ğ ^ĂƌĚĞŐŶĂ Ɛŝ ƚƌĂƐĨĞƌŝƐĐĞ ŶĞů ͚ϵϳ Ă WĂůĞƌŵŽ͘ /ŶŝnjŝĂ Ă ĨŽƚŽŐƌĂĨĂƌĞ ƉĞƌ ŐŝŽĐŽ ĐŽŶ ƵŶĂ ƉŝĐĐŽůĂ ͞>ĞŝĐĂ͟ ƉŽĐŽ Ɖŝƶ ĐŚĞ ĂĚŽůĞƐĐĞŶƚĞ͘ >Ă ƐǀŽůƚĂ ŶĞů ϮϬϬϬ ĚŽƉŽ ĂůĐƵŶŝ ǁŽƌŬƐŚŽƉ ĞĚ ƵŶ ĐŽƌƐŽ ƉƌĞƐƐŽ ů͛/ƐƟƚƵƚŽ ^ƵƉĞƌŝŽƌĞ ĚĞůͲ ůĂ &ŽƚŽŐƌĂĮĂ Ă ZŽŵĂ͕ ƐĞŐŶĂ ƵŶ ŝŶŝnjŝŽ Ɖŝƶ ĂƉƉƌŽĨŽŶĚŝƚŽ ĚĞůůĂ ƐƵĂ ƉĂƐƐŝŽŶĞ͘ ŽƉŽ ĂǀĞƌ ƉĂƐƐĂƚŽ ƵŶĂ ŶŽƩĞ Ěŝ ƉŝĞͲ ŶĂ ĞƐƚĂƚĞ ĐŽŶ ŝ ŵĂĞƐƚƌŝ ĚĞůůĂ ĨŽƚŽŐƌĂĮĂ &ƌĂŶĐŽ &ŽŶƚĂŶĂ Ğ 'ŝĂŶŶŝ 'ĂƌĚŝŶ ĞƌĞŶŐŽ ĞŵĞƌŐŽŶŽ ŶƵŽǀŝ Ğ ĨŽƌƟ ƐƟͲ ŵŽůŝ͘ ƩƵĂůŵĞŶƚĞ ĐŽůůĂďŽƌĂ ĐŽŵĞ ƉŚŽƚŽƌĞƉŽƌƚĞƌ ƉĞƌ >Ă 'ƵĂƌĚŝĂ͕ ŵďůĞŵĂ͕ ŶƐĂ͕ Ɖ ƚŽƌŶĂŶĚŽ Ăů ƐƵŽ ƉƌŝŵŽ ĂŵŽƌĞ͕ ŝů ƌĞƉŽƌƚĂŐĞ ƐŽĐŝĂůĞ͕ ƉƵďďůŝĐĂŶĚŽ ƐƵ ǀĂƌŝĞ ƚĞͲ ƐƚĂƚĞ ŶĂnjŝŽŶĂůŝ Ğ ŝŶƚĞƌŶĂnjŝŽŶĂůŝ͕ ĐŽŵĞ ůĂ ĐŽƉĞƌƟŶĂ Ěŝ WĂŶŽƌĂŵĂ͕ sĂŶŝƚLJ &Ăŝƌ͕ >͛/ŶƚĞƌŶnjŝŽŶĂůĞ͕ 'ĞŶƚĞ͕ &ĂŵŝͲ ŐůŝĂ ƌŝƐƟĂŶĂ͕ ůĞ ƉƌŝŵĞ ƉĂŐŝŶĞ ĚĞŝ ŵĂŐŐŝŽƌŝ ƋƵŽƟĚŝĂŶŝ ŶĂnjŝŽŶĂůŝ ĐŽŵĞ ŽƌƌŝĞƌĞ ĚĞůůĂ ^ĞƌĂ͕ >Ă ZĞƉƵďďůŝĐĂ͕ >Ă ^ƚĂŵƉĂ͕ /ů ƐŽůĞ Ϯϰ ŽƌĞ ĞĚ ŝŶƚĞƌŶĂnjŝŽŶĂůŝ ĐŽŵĞ dŝŵĞ͕ ů WĂŝƐ͕ >Ğ &ŝŐĂƌŽ͕ tĂůů ^ƚƌĞĞƚ :ŽƵƌŶĂů͕ ƚŚĞ 'ƵĂƌĚŝĂŶ ĞĚ Ăůƚƌŝ͘​͘

&ƌĂŶĐĞƐĐŽ DĂůĂǀŽůƚĂ

&ƌĂŶĐĞƐĐŽ DĂůĂǀŽůƚĂ

&ƌĂŶĐĞƐĐŽ DĂůĂǀŽůƚĂ

ĂůŽŐĞƌŽ ZƵƐƐŽ

DŝŐƌĂnjŝŽŶŝ dƵŶŝƐŝŶŝ ŝŶ ^ŝĐŝůŝĂ >K' ZK Z/h^^K ŶĂƚŽ Ă ƉĂůĞƌŵŽ͕ ůĂƵƌĞĂƚŽ ƐĐŝĞŶnjĞ ƉŽůŝƟĐŚĞ͕ ǀŝǀĞ ĂƩƵĂůŵĞŶƚĞ Ă DŝůĂŶŽ͘ ĂůŽŐĞƌŽ ZƵƐƐŽ ĨŽƚŽŐƌĂĨĂ ƐŝĂ ŝŶ ĚŝŐŝƚĂůĞ ĐŚĞ ŝŶ ĂŶĂůŽŐŝĐŽ ;ĐŽŶ ŝů ŵĞĚŝŽ ĨŽƌŵĂƚŽͿ͘ ͛ ƌĂƉƉƌĞƐĞŶƚĂƚŽ ĚĂůů͛ĂŐĞŶnjŝĂ >Ƶnj ƉŚŽƚŽ͘ / ƐƵŽŝ ůĂǀŽƌŝ ĐŽŶƐŝƐƚŽŶŽ ŝŶ ƌĞƉŽƌƚĂŐĞ Ğ ƌŝƚƌĂƫ ĂŵďŝĞŶƚĂƟ͘ ZĂƌĂŵĞŶƚĞ ƐĞŐƵĞ ƉĞƌ ůĂǀŽƌŽ ůĂ ĐƌŽŶĂĐĂ͖ ƉĞƌ ĐƵŝ͕ ŶŽŶŽƐƚĂŶƚĞ ƵŶĂ ƚĞƐƐĞƌĂ ĚĂ ŐŝŽƌŶĂůŝƐƚĂ ƉƌŽĨĞƐƐŝŽŶŝƐƚĂ͕ Ɛŝ ĚĞĮŶŝƐĐĞ ƵŶ ĨŽƚŽŐƌĂĨŽ Ğ ŶŽŶ ƵŶ ĨŽƚŽŐŝŽƌŶĂůŝƐƚĂ ͘ ŽŶ ŝů ůĂǀŽƌŽ ͟ƐĐŝƌŽĐĐŽ ŶŽƩĞ͕͟ ŝů ƉƌŝŵŽ ĐĂƉŝƚŽůŽ Ěŝ ƵŶĂ ƚƌŝůŽŐŝĂ ĚĞĚŝĐĂƚĂ Ăŝ ŐŝŽǀĂŶŝ Ğ ůĂ ŶŽƩĞ ŝŶ /ƚĂůŝĂ͕ ŚĂ ǀŝŶƚŽ ŝů ƉƌŝŵŽ ƉƌĞŵŝŽ EŝŬŽŶ Ăů ƉŽƌƞŽůŝŽ /ƚĂůŝĂ ĐŽŶƚĞƐƚƵĂůĞ Ăů ĨĞƐƟǀĂů ŽƌŝŐůŝĂŶŽ ĂůĂďƌŽ &ŽƚŽŐƌĂĮĂ ;ϮϬϬϵͿ Ğ ƐƵĐĐĞƐƐŝǀĂŵĞŶƚĞ ŚĂ ƌŝĐĞǀƵƚŽ ůĂ ŵĞŶnjŝŽŶĞ ƐƉĞĐŝĂůĞ dƉǁ Ăů ƉƌĞŵŝŽ ƚĂůĞŶƚŽ &ŶĂĐ͘ DK^dZ W Z^KE >/ Ύ ͟WĂůĞƌŵŽ͕ ƐƚŽƌŝĞ͟ ͕ ŐŝĂƌĚŝŶŽ /ŶŐůĞƐĞ &ĞƐƟǀĂů ĚĞůů͛ hŶŝƚă Ěŝ WĂůĞƌŵŽ͕ ƐĞƩĞŵďƌĞ ϮϬϬϳ Ύ ͟^ĞŐƌĞƚŽ Ěŝ ^ƚĂƚŽ͟ ͕ ůĂ ƐƚƌĂŐĞ Ěŝ WŽƌƚĞůůĂ ϲϬ ĂŶŶŝ ĚŽƉŽ͘ WĂůĞƌŵŽ͕ ŐĂůůĞƌŝĂ ŐŽƌĂ͕ ĂƉƌŝůĞ ͲŵĂŐŐŝŽ ϮϬϬϳ Ύ ͟^ĐŝƌŽĐĐŽͬŶŽƩĞ͕͟ DƵƐĞŽ ŝŶƚĞƌŶĂnjŝŽŶĂůĞ ĚĞůůĞ ŵĂƌŝŽŶĞƩĞ͕ WĂůĞƌŵŽ͕ ŽƩŽďƌĞ ͲŶŽǀĞŵďƌĞ ϮϬϬϵ Ύ ͟^ĐŝƌŽĐĐŽͬŶŽƩĞ͕͟ &ŶĂĐ DŝůĂŶŽ͕ ƐůŝĚĞƐŚŽǁ͕ ϭϰ ŐĞŶŶĂŝŽ ϮϬϭϬ DK^dZ K>> dd/s Ύ ͟&ĞƐƚĞ ƌĞůŝŐŝŽƐĞ ŝŶ ^ŝĐŝůŝĂ͕͟ ƐĞƫŵĂŶĂ ĚĞůůĂ ĐƵůƚƵƌĂ ŝŶ /ƚĂůŝĂ͘ ^ŝƌĂĐƵƐĂ͕ DƵƐĞŽ Ěŝ WĂůĂnjnjŽůŽ ĐƌĞŝĚĞ͕ ;ϮϬϬϵͿ Ύ ͟WƌŝŵĂ ǀŝƐŝŽŶĞ ϮϬϬϵ͕͟ ŐĂůůĞƌŝĂ ĞůǀĞĚĞƌĞ DŝůĂŶŽ͘ ĞƐƉŽƐŝnjŝŽŶĞ ĐƵƌĂƚĂ ĚĂů 'ƌŝŶ͕ ŐƌƵƉƉŽ ŶĂnjŝŽŶĂůĞ ƌĞĚĂƚͲ ƚŽƌŝ ŝĐŽŶŽŐƌĂĮĐŝ͕ ŐĞŶŶĂŝŽͲ ĨĞďďƌĂŝŽ ϮϬϭϬ Ύ ͟WŽƌƞŽůŝŽ /ƚĂůŝĂ ϮϬϬϵ͕͟ ĞŶƚƌŽ ŝƚĂůŝĂŶŽ ƉĞƌ ůĂ ĨŽƚŽŐƌĂĮĂ Ě͛ĂƵƚŽƌĞ͕ ŝďďŝĞŶĂ; ZͿ ŵĂƌnjŽ ϮϬϭϬ Ύ ͚͛WƌŝŵĂ ǀŝƐŝŽŶĞ ϮϬϭϬ͛​͛ ŐĂůůĞƌŝĂ ĞůǀĞĚĞƌĞ DŝůĂŶŽ͕ ŵŽƐƚƌĂ ĐƵƌĂƚĂ ĚĂů 'ƌŝŶ ;D/> EK͕ ϮϬϭϭͿ > DK^dZ D Z > s >>K ʹ ,ĂŶŶŽ ů͛ĂŶŝŵĂ ƚƵŶŝƐŝŶĂ ŵĂ ůĂ ĐŝƩĂĚŝŶĂŶnjĂ ŝƚĂůŝĂŶĂ ŽƌŵĂŝ ĚĂ ĂŶŶŝ͘ ͛ğ ĐŚŝ ĨĂ ŝů ĐŽŵŵĞƌĐŝĂŶƚĞ Ğ ĐŚŝ ŝů ĐŽŶƐŝͲ ŐůŝĞƌĞ ĐŽŵƵŶĂůĞ͗ ĐŚŝ ůĂǀŽƌĂ ŝŶ ĂĞƌŽƉŽƌƚŽ Ğ ĐŚŝ ĨĂ ů͛ĂŐƌŝĐŽůƚŽƌĞ͘ ĂŶĐŽƌĂ ͗ĐŚŝ ƐƚƵĚŝĂ Ğ ĐŚŝ ƚƌĂƐƉŽƌƚĂ ŵĞƌĐŝ ĚĂů ƵŶĂ ƉĂƌƚĞ Ăůů͛ĂůƚƌĂ ĚĞů ŵĂƌ DĞĚŝƚĞƌƌĂŶĞŽ͘ ĐĐŽůŝ ŝ ƚƵŶŝƐŝŶŝ ŝŶ /ƚĂůŝĂ͘ ĞŶǀĞŶƵƟ Ă DĂnjĂƌĂ ĚĞů sĂůůŽ ͕ ůĂ ƉŝƵ͛ ĂƌĂďĂ ĐŝƩă Ě͛/ƚĂůŝĂ͘ YƵŝ Đ͛ğ ƵŶĂ ĚĞůůĞ ƉŝƵ͛ ŐƌĂŶĚŝ ĐŽŵƵŶŝƚă ƚƵŶŝƐŝŶĞ Ě͛ ƵƌŽƉĂ͗ ϱϬϬϬ ƉĞƌƐŽŶĞ͕ ŝů ϭϬ ƉĞƌ ĐĞŶƚŽ ĚĞůůĂ ƉŽƉŽůĂnjŝŽŶĞ ĐŽŵƉůĞƐƐŝǀĂ ĚĞůůĂ ĐŝƩă͘ >͛ŝŵŵŝŐƌĂnjŝŽŶĞ ƚƵŶŝƐŝŶĂ ŝŶ ƋƵĞƐƚĂ ƌĞŐŝŽŶĞ ğ ƵŶ ĨĞŶŽŵĞŶŽ ŝŶŝnjŝĂƚŽ ŶĞŐůŝ ĂŶŶŝ ϳϬ͘

ĂůŽŐĞƌŽ ZƵƐƐŽ

ĂůŽŐĞƌŽ ZƵƐƐŽ

ĂůŽŐĞƌŽ ZƵƐƐŽ

^ĂǀĞƌŝŽ ^ĐĂƩĂƌĞůůŝ

DŝŐƌĂnjŝŽŶŝ /ĚĞŶƟƚă ^ŽƩŽǀƵŽƚŽ ^ s Z/K ^ dd Z >>/ Ͳ ; Ăƌŝ ϭϵϴϮ DŝůĂŶŽͿ͘ /ů ƉƌŝŵŽ ŝŶĐŽŶƚƌŽ ĐŽŶ ůĂ ĨŽƚŽŐƌĂĮĂ ĂǀǀŝĞŶĞ ĚƵƌĂŶƚĞ ƵŶ ǀŝĂŐŐŝŽ͘ ƌĂ ĂŶĐŽƌĂ ĂůůĞ ƉƌŝŵĞ Ăƌŵŝ ŵĂ ƋƵĞůů͛ŝŶĐŽŶƚƌŽ Őůŝ ĐĂŵͲ ďŝĂ ůĂ ǀŝƚĂ͘ hŶĂ ĨŽůŐŽƌĂnjŝŽŶĞ͘ ^ŝ ƚƌĂƐĨĞƌŝƐĐĞ Ă DŝůĂŶŽ Ğ ĨƌĞƋƵĞŶƚĂ ů͛/ƐƟƚƵƚŽ /ƚĂůŝĂŶŽ Ěŝ &ŽƚŽŐƌĂĮĂ͕ ŽƩĞŶĞŶĚŽ ŝŵƉŽƌƚĂŶƟ ƌŝƐĐŽŶƚƌŝ ƐŝĂ Ă ůŝǀĞůůŽ ƚĞŽƌŝĐŽ ĐŚĞ ƉƌĂƟĐŽ͘ /ů ƉĂƐƐŽ ƐƵĐĐĞƐƐŝǀŽ ğ Ă Ez͕ ĚŽǀĞ ĐŽůůĂďŽƌĂ ĐŽŶ :ĂŚŽĂŶŶĞ ŽƵŐĂŶ Ăůů͛/ŶƚĞƌŶĂƟŽŶĂů ĞŶƚĞƌ ŽĨ WŚŽƚŽŐƌĂƉŚLJ ŝŶ ƵŶ ƉƌŽŐĞƩŽ Ěŝ ƐƚƌĞĞƚ ƉŚŽƚŽŐƌĂƉŚĞƌ ŝŶ ĂnjŝŽŶĞ͘ DŝůĂŶŽ ŽƌŐĂŶŝnjnjĂ ĚŝǀĞƌƐŝ ĞǀĞŶƟ͕ ƵŶĂ ƉĞƌƐŽŶĂůĞ ĐŽŶ ŝ ƐƵŽŝ ůĂǀŽƌŝ ŵŝŐůŝŽƌŝ͘ / ƐƵŽŝ ƐĐĂƫ ƐŽŶŽ ƋƵŽƟĚŝĂŶĂŵĞŶƚĞ ƉƵďďůŝĐĂƟ ƐƵ ƚƵƩĂ ůĂ ƐƚĂŵƉĂ ŶĂnjŝŽŶĂůĞ ĞĚ ĞƐƚĞƌĂ͘ /ŶƚĂŶƚŽ ĐŽŶͲ ƟŶƵĂ Ă ǀŝĂŐŐŝĂƌĞ Ğ Ă ƐĐŽƉƌŝƌĞ ŶƵŽǀŝ ůƵŽŐŚŝ ĂƩƌĂǀĞƌƐŽ ů͛ŽďŝĞƫǀŽ͘ >Ă ƐƵĂ ƉĂƐƐŝŽŶĞ ƌĞƐƚĂ ŝů ƌĞƉŽƌƚĂŐĞ͘ >Ğ ƐƵĞ ŝŵŵĂŐŝŶŝ ƌŝƚƌĂŐŐŽŶŽ ƐƉĞƐƐŽ ƐƚƌƵƩƵƌĞ ĂƌĐŚŝƚĞƩŽŶŝĐŚĞ͕ ůƵŽŐŚŝ ĐŽŶ ƵŶ ǀŝƐƐƵƚŽ Ğ ŝů Ɖŝƶ ĚĞůůĞ ǀŽůƚĞ ƐŽŶŽ ŝŶ ďŝĂŶĐŽ Ğ ŶĞƌŽ͗ ƵŶ ŵŽĚŽ Ěŝ ǀĞĚĞƌĞ ŝů ŵŽŶĚŽ ĐŚĞ ĞŐůŝ ƐƚĞƐƐŽ ĚĞĮŶŝƐĐĞ ͞ĚŝƐŝŶĐĂŶƚĂƚŽ͘͟ Ă ŽŐŶŝ ƐƵŽ ůĂǀŽƌŽ ĞŵĞƌŐĞ ůĂ ŵĂůŝŶĐŽŶŝĂ ĚŝĞƚƌŽ ů͛ŽďŝĞƫǀŽ͕ ůĂ ĚƵƌĂ ƌĞĂůƚă Ăů Ěŝ ůă ĚĞůůĂ ŵĂĐĐŚŝŶĂ ĨŽƚŽŐƌĂĮĐĂ͘ ƩƵĂůŵĞŶƚĞ ƐƚĂ ůĂǀŽƌĂŶĚŽ ĂůůĂ ƉƌŽĚƵnjŝŽŶĞ Ěŝ ĚŝǀĞƌƐŝ ůĂǀŽƌŝ ƚĞŵĂƟĐŝ ƐƵůůĞ ƉƌŽďůĞͲ ŵĂƟĐŚĞ Ěŝ ŵĂŐŐŝŽƌĞ ƌŝůŝĞǀŽ͗ ƐĨƌƵƩĂŵĞŶƚŽ ĚĞůůĂ ƉƌŽͲ ƐƟƚƵnjŝŽŶĞ͕ ŝŶƋƵŝŶĂŵĞŶƚŽ͕ ĐƌŝŵŝŶĂůŝƚă ŽƌŐĂŶŝnjnjĂƚĂ͕ ŝŵͲ ŵŝŐƌĂnjŝŽŶĞ͕ ǀŝƚĂ ŶĞůůĞ ĐĂƌĐĞƌŝ͘ &ŽƚŽŐƌĂĨŽ ƉƌŽĨĞƐƐŝŽŶŝƐƚĂ ĚĂů ϮϬϬϴ͕ ĂƩƵĂůŵĞŶƚĞ ğ ƌĂƉƉƌĞƐĞŶƚĂƚŽ ĚĂ ĂŐĞŶnjŝĞ Ěŝ ƐƚĂŵƉĂ Ğ Ěŝ ĐŽŵƵŶŝĐĂnjŝŽŶĞ ŝŶ /ƚĂůŝĂ Ğ ŝŶ ŵĞƌŝĐĂ͘

^ĂǀĞƌŝŽ ^ĐĂƩĂƌĞůůŝ

^ĂǀĞƌŝŽ ^ĐĂƩĂƌĞůůŝ

^ĂǀĞƌŝŽ ^ĐĂƩĂƌĞůůŝ

DĂƌĐŽ sĂĐĐĂ

DŝŐƌĂnjŝŽŶŝ /Ŷ ĨƵŐĂ ĚĂůůĂ >ŝďŝĂ͍ D Z K s Ͳ &ŽƚŽƌĞƉŽƌƚĞƌ ĚĂů ϭϵϵϬ ĚŽƉŽ ĂǀĞƌ ůĂǀŽƌĂƚŽ ŝŶ Ăůƚƌŝ ĂŵďŝƟ ĚĞůůĂ ĨŽƚŽŐƌĂĮĂ ƉƌŽĨĞƐƐŝŽŶĂůĞ͕ ŚĂ ƉƌŽĚŽƩŽ ƐƚŽƌŝĞ ƐƵ /ƐƌĂĞůĞ͕ /ƌĂƋ͕ DĞĚŝŽ KƌŝĞŶƚĞ͕ ZǁĂŶĚĂ͕ <ŽƐŽǀŽ͕ ^ƵĚ ^ƵĚĂŶ͕ ĂƌĨƵƌ͕ ŝĂĚ͕ 'ŚĂŶĂ͕ 'ŝĂƉƉŽŶĞ͕ ƵďĂŝ͘ ,Ă ƐĞŐƵŝƚŽ ůĞ ĞůĞnjŝŽŶŝ ƉƌĞƐŝĚĞŶnjŝĂůŝ ŝŶ h^ ŶĞů ϮϬϬϬ Ğ ĚŽĐƵŵĞŶƚĂƚŽ EĞǁ zŽƌŬ ĚŽƉŽ ů͛ĂƚͲ ƚĞŶƚĂƚŽ ĂůůĞ dǁŝŶ dŽǁĞƌƐ͖ ŚĂ ƌĞĂůŝnjnjĂƚŽ ƵŶ ƌĞƉŽƌƚĂŐĞ ƐƵŝ ŇƵƐƐŝ ŵŝŐƌĂƚŽƌŝ ĐůĂŶĚĞƐƟŶŝ ĚĂůůĞ ĨƌŽŶƟĞƌĞ ŽƌŝĞŶͲ ƚĂůŝ ǀĞƌƐŽ ůĂ h Ğ ŝů ĚŝƐĂƐƚƌŽ ĂŵďŝĞŶƚĂůĞ ĐĂƵƐĂƚŽ ĚĂů ŶĂƵĨƌĂŐŝŽ ĚĞůůĂ ƉĞƚƌŽůŝĞƌĂ WƌĞƐƟŐĞ ƐƵůůĞ ĐŽƐƚĞ ĚĞůůĂ 'ĂůŝnjŝĂ͘ ^ŝ ğ ĚŝǀĞƌƟƚŽ Ă ƌĂĐĐŽŶƚĂƌĞ ůĂ ƉĂƐƐŝŽŶĞ ĚĞŐůŝ ŝƚĂůŝĂŶŝ ƉĞƌ ŝů ĮƚŶĞƐƐ ĚĂ ĐƵŝ ğ ƐĐĂƚƵƌŝƚĂ ƵŶĂ ŵŽƐƚƌĂ ĞĚ ƵŶ ůŝďƌŽ ĚĂů ƟƚŽůŽ ͞ ŽĚLJ ŝŶ /ƚĂůLJ͘͟ ,Ă ƉƵďďůŝĐĂƚŽ ͞ZĞĨƵŐĞĞƐ͟ ƵŶ ůĂǀŽƌŽ ƐƵůůĂ ĐŽŶĚŝnjŝŽŶĞ ĚĞůůĞ ƉŽƉŽůĂnjŝŽŶŝ ĚĞů ĂƌĨƵƌ ůĂ ĐƵŝ ŵŽƐƚƌĂ ğ ƐƚĂƚĂ ĞƐƉŽƐƚĂ Ăŝ ŵƵƐĞŝ ĚĞů sŝƩŽƌŝĂŶŽ Ă ZŽŵĂ ƉĞƌ ƉŽŝ ĂƉƉƌŽĚĂƌĞ ŝŶ ĚŝǀĞƌƐĞ ĂůƚƌĞ ĐŝƩă Ě͛/ƚĂůŝĂ͘ Ă ůƵŐůŝŽ Ă ƐĞƩĞŵďƌĞ ĚĞů ϮϬϬϵ ğ ƐƚĂƚĂ ƉƌĞƐĞŶƚĂƚĂ Ă DŝůĂŶŽ ƉƌĞƐƐŽ &ŽƌŵĂ ; ĐĞŶƚƌŽ ŝŶƚĞƌŶĂͲ njŝŽŶĂůĞ Ěŝ &ŽƚŽŐƌĂĮĂ Ϳ ĞĚ ŽƐƉŝƚĞ ŶĞůů͛ĞĚŝnjŝŽŶĞ ϮϬϬϵ Ěŝ &ŽƚŽůĞŐŐĞŶĚŽ͘ ^ŝ ğ ĐŝŵĞŶƚĂƚŽ ĐŽŶ ůĂ ŵƵůƟŵĞĚŝĂůŝƚă ƉĞƌ ƌĂĐĐŽŶƚĂƌĞ ůĂ ƉŝĂŐĂ ĚĞůů͛ ŝĚƐ ŶĞŐůŝ ƐůƵŵƐ Ěŝ EĂŝƌŽďŝ͘ ƩƵĂůŵĞŶƚĞ Ɛŝ ƐƚĂ ŽĐĐƵƉĂŶĚŽ ĚĞŝ ŵƵƚĂŵĞŶƟ ŶĞůů͛ĂƌĞĂ ŵĞĚŝŽƌŝĞŶƚĂůĞͬĂĨƌŝĐĂŶĂ͘hŶĂ ƐĞůĞnjŝŽŶĞ ĚĞŝ ƐƵŽŝ ůĂǀŽƌŝ ƐƵůůĞ ƌŝǀŽůƵnjŝŽŶŝ ŝŶ ŐŝƩŽ Ğ dƵŶŝƐŝĂ ğ ƐƚĂƚĂ ŽƐƉŝƚĞ ŝů ŵĞƐĞ ƐĐŽƌƐŽ Ăů EĞǁ zŽƌŬ WŚŽƚŽ &ĞƐƟǀĂů ŶĞůůĂ ŵƵůƟƉƌŽŝĞnjŝŽŶĞ hE Z d, Z/ ' ͗ WƌŽũĞĐƟŽŶƐ ŽĨ Ă ZĞǀŽůƵƟŽŶ ĐƵƌĂƚĂ ĚĂ ůŝƐĂďĞƚŚ ŝŽŶĚŝ ĞĚ ŶƌŝĐŽ ŽƐƐĂŶ ͘ /ů ƐƵŽ ůĂǀŽƌŽ ƐƵůůĂ ĐĂƌĞƐƟĂ ŝŶ ^ƵĚ ^ƵĚĂŶ ğ ƐƚĂƚŽ ƉƌĞŵŝĂƚŽ ŶĞů tŽƌůĚ WƌĞƐƐ WŚŽƚŽ ϭϵϵϵ͘ ͛ ǀŝĐĞ ƉƌĞƐŝĚĞŶƚĞ Ğ ĨŽŶĚĂƚŽƌĞ Ěŝ &ŽƚŽŐƌĂĮĂΘ/ŶĨŽƌŵĂnjŝŽŶĞ͗ ĂƐƐŽĐŝĂnjŝŽŶĞ ŶĂƚĂ ƉĞƌ ůŽ ƐǀŝůƵƉƉŽ Ğ ůĂ ĚŝīƵƐŝŽŶĞ ĚĞůůĂ ĐƵůƚƵƌĂ ĨŽƚŽŐŝŽƌŶĂůŝƐƟĐĂ ŝŶ /ƚĂůŝĂ͘ sŝǀĞ Ă DŝůĂŶŽ ͘ DK^dZ >Ă ĐƌŝƐŝ ůŝďŝĐĂ Ăŝ ĐŽŶĮŶŝ ĚĞůůĂ dƵŶŝƐŝĂ WĞƌ ŐŝŽƌŶŝ͕ ůĂ dƵŶŝƐŝĂ ğ ƐƚĂƚĂ ŝŶǀĂƐĂ ĚĂ ůĂǀŽƌĂƚŽƌŝ ƐƚƌĂͲ ŶŝĞƌŝ ŝŶ ĨƵŐĂ ĚĂůůĂ >ŝďŝĂ ŝŶ ƌŝǀŽůƚĂ͗ Ɖŝƶ ĚĞůůĂ ŵĞƚă ĚĞŝ ϭϴϬ͘ϬϬϬ ƐƚƌĂŶŝĞƌŝ ŚĂŶŶŽ ƚƌŽǀĂƚŽ ƌŝĨƵŐŝŽ ĚĂůů͛ĂůƚƌĂ ƉĂƌƚĞ ĚĞů ĐŽŶĮŶĞ͘ >Ă ŵĂŐŐŝŽƌ ƉĂƌƚĞ Ěŝ ĞƐƐŝ ĞƌĂŶŽ ůĂǀŽƌĂƚŽͲ ƌŝ ƉƌŽǀĞŶŝĞŶƟ ĚĂůů͛ ŐŝƩŽ͕ ĚĂů͛ ĂƐƚ ƐŝĂ Ğ ĚĂůů͛ ĨƌŝĐĂ ƐƵď ^ĂŚĂƌŝĂŶĂ ŝŶ ĐĞƌĐĂ Ěŝ ƵŶ ůĂǀŽƌŽ ĞĚ ŽƌĂ ĂĐĐĂŵƉĂƟ ŝŶ ĂƚͲ ƚĞƐĂ Ěŝ ƚŽƌŶĂƌĞ Ă ĐĂƐĂ͗ ƉĞƌ ŐŝŽƌŶŝ ŶĞŝ ĐĂŵƉŝ ŝŵƉƌŽǀǀŝƐĂƟ Ěŝ ZĂƐ :ĞĚŝƌ ƋƵĞƐƚĞ ƉĞƌƐŽŶĞ ƐŽŶŽ ƐƚĂƚĞ ĂƐƐŝƐƟƚĞ ĚĂůůĂ ƉŽƉŽůĂnjŝŽŶĞ ƚƵŶŝƐŝŶĂ͕ ĚĂůůĞ ŽŶŐ ůŽĐĂůŝ͕ ĚĂůů͛ĞƐĞƌĐŝƚŽ͕ ĐŽŶ ƵŶŽ ƐůĂŶĐŝŽ ƵŵĂŶŝƚĂƌŝŽ ĐŚĞ ůŽ ƐƚĂī ĚĞůůĞ EĂnjŝŽŶŝ hŶŝƚĞ ŶŽŶ ŚĂ ĞƐŝƚĂƚŽ Ă ĚĞĮŶŝƌĞ ͞ƐĞŶnjĂ ƉƌĞĐĞĚĞŶƟ͘͟

DĂƌĐŽ sĂĐĐĂ

DĂƌĐŽ sĂĐĐĂ

DĂƌĐŽ sĂĐĐĂ

^ƚĞĨĂŶŽ 'ŝŽŐůŝ

>͛ƵŶŝĐŽ ĂĚ ĞƐƐĞƌĞ ĚŝǀĞƌƐŽ Ğƌŝ dƵ ^d & EK '/K'>/͕ ĐůĂƐƐĞ ϭϵϲϱ ǀŝǀĞ Ğ ůĂǀŽƌĂ Ă ŝƩă Ěŝ ĂƐƚĞůůŽ ;WŐͿ ĂƵƚŽĚŝĚĂƩĂ͕ ĨŽƚŽŐƌĂĨĂ ĚĂů ϮϬϬϬ͕ ĚĞůůĂ ĨŽƚŽŐƌĂĮĂ ĂŵĂ ŝů ǀŝƐŝďŝůĞ Ğ ů͛ŝŶǀŝƐŝďŝůĞ͘​͘​͘/ů ŶŽŶ ŵŽƐƚƌĂƚŽ ğ ƉĂƌƚĞ Ěŝ ƵŶĂ ĨŽƚŽ͘ WƌĞŵŝ͗ Ύ WƌĞŵŝŽ ͞ ƌĞĚŝĂŵŽ Ăŝ ƚƵŽŝ ŽĐĐŚŝ ϮϬϬϱ͞ Ύ sŝŶĐŝƚŽƌĞ ůĞƩƵƌĂ ƉŽƌƞŽůŝŽ ͞&KdK KE&ZKEd/ ϮϬϬϲ͘͟ Ύ sŝŶĐŝƚŽƌĞ ůĞƩƵƌĂ WŽƌƞŽůŝŽ ͞&KdK/E KEdZ/ ϮϬϬϴ͘͟ Ύ sŝŶĐŝƚŽƌĞ ůĞƩƵƌĂ WŽƌƞŽůŝŽ ͞&KdK'Z &/ ^KddK > dKZZ ϮϬϬϵ͘͟ Ύ ƌŽŶnjĞ ǁĂƌĚ KƌǀŝĞƚŽ &ŽƚŽŐƌĂĮĂ ϮϬϬϵ͘ Ύ sŝŶĐŝƚŽƌĞ ƐĞůĞnjŝŽŶĞ &K&h ͞&K&h WŚŽƚ͛ ƌƚ ϮϬϬϵ͘͟ Ύ sŝŶĐŝƚŽƌĞ ůĞƩƵƌĂ WŽƌƞŽůŝŽ ͞ /d ZE &KdK'Z &/ ϮϬϭϬ͘͟ Ύ sŝŶĐŝƚŽƌĞ ůĞƩƵƌĂ WŽƌƞŽůŝŽ ͞dK^ E &KdK & ^d/s > WƌĞŵŝŽ ƉƐŽŶ >Ğ >ŽŐŐĞ ϮϬϭϬ͘͟ Ύ sŝŶĐŝƚŽƌĞ ůĞƩƵƌĂ WŽƌƞŽůŝŽ ͞^/ &ĞƐƚ ϮϬϭϬ ^ĂǀŝŐŶĂŶŽ /ŵŵĂŐŝŶŝ Ύ sŝŶĐŝƚŽƌĞ WKZd&K>/K /d >/ ϮϬϭϬ 'ƌĂŶ WƌĞŵŝŽ ƉƐŽŶ DŽƐƚƌĞ͗ Ύ ϮϬϬϳ ʹ ĞŶƚƌŽ /ƚĂůŝĂŶŽ &ŽƚŽŐƌĂĮĂ ͛ĂƵƚŽƌĞ ŝďďŝĞŶĂ WŽƌƞŽůŝŽ /ƚĂůŝĂ ͞ZĂĚŝŽ ,ŽƌŝnjŽŶ͟ Ύ ϮϬϬϳ ʹ KĸĐŝŶĞ &ŽƚŽŐƌĂĮĐŚĞ ZŽŵĂ ͞ZĂĚŝŽ ,ŽƌŝnjŽŶ͟ Ύ ϮϬϬϴ ʹ ĂƐƚĞůŶƵŽǀŽ 'ĂƌĨĂŐŶĂŶĂ WŽƌƞŽůŝŽ ĚĞůů͛ ƌŝŽƐƚŽ ͞ ŽƌƌŝƐƉŽŶĚĞŶnjĞ͟ Ύ ϮϬϬϵ ʹ ĞŶƚƌŽ /ƚĂůŝĂŶŽ &ŽƚŽŐƌĂĮĂ ͛ĂƵƚŽƌĞ ŝďďŝĞŶĂ WŽƌƞŽůŝŽ /ƚĂůŝĂ ͞>͛ŽĂƐŝ͟ Ύ ϮϬϬϵ ʹ 'ĂůůĞƌŝĂ ŝǀŝĐĂ ZŝǀĂ ĚĞů 'ĂƌĚĂ KďŝĞƫǀŽ dƌĞŶƟŶŽ &ŽƚŽƚƌĞŬŬŝŶŐ ͞ZŝǀĂ͟ Ύ ϮϬϬϵ ʹ &ƵĐĞĐĐŚŝŽ &ŽƚŽ &ĞƐƟǀĂů ƵĚŝƚŽƌŝƵŵ >Ă dŝŶĂŝĂ ͞ ZŝǀĂ͟ Ύ ϮϬϭϬ ʹ ZĞŇĞdžŝŽŶƐ DĂƐƚĞƌĐůĂƐƐ Ă ůĂ D W͕ ƐĐƌĞĞŶ ĞdžŚŝďŝƟŽŶ͕ WĂƌŝŐŝ Ύ ϮϬϭϬ ʹ WĂůĂnjnjŽ ĂŶĐŝ ŽŶĂŵŝĐŝ WƌĂƚŽ WŽƌƞŽůŝŽ /ƚĂůŝĂ ͞>͛ƵŶŝĐŽ ĂĚ ĞƐƐĞƌĞ ĚŝͲ ǀĞƌƐŽ Ğƌŝ dƵ͟ Ύ ϮϬϭϭ ʹ 'ĂůůĞƌŝĂ &ŝĂĨ dŽƌŝŶŽ ͞>͛ƵŶŝĐŽ ĂĚ ĞƐƐĞƌĞ ĚŝǀĞƌƐŽ Ğƌŝ dƵ͟ Ύ ϮϬϭϭ ʹ ĞŶƚƌŽ /ƚĂůŝĂŶŽ &ŽƚŽŐƌĂĮĂ ͛ĂƵƚŽƌĞ ŝďďŝĞŶĂ WŽƌƞŽůŝŽ /ƚĂůŝĂ ͞>͛ƵŶŝĐŽ ĂĚ ĞƐƐĞƌĞ ĚŝǀĞƌƐŽ Ğƌŝ dƵ͟ Ύ ϮϬϭϭ ʹ 'ĂůůĞƌŝĂ &d/ D Z/ Ͳ LJĞƉŚŽŶĞŽŐƌĂƉŚLJ Ϯ ͞ /ŶƐƚĂŶƚ ŶŽƚĞƐ͟ Ύ ϮϬϭϭ ʹ ϯΣ ŝƚĞƌŶĂ&ŽƚŽŐƌĂĮĂ ͞>͛ƵŶŝĐŽ ĂĚ ĞƐƐĞƌĞ ĚŝǀĞƌƐŽ Ğƌŝ dƵ͟ Ύ ϮϬϭϭ ʹ Dŝ ĂŵĞƌĂ DŝůĂŶŽ ͞>͛ƵŶŝĐŽ ĂĚ ĞƐƐĞƌĞ ĚŝǀĞƌƐŽ Ğƌŝ dƵ͟ Ύ ϮϬϭϭ ʹ ϭϮΣ &ŽƚŽĐŽŶĨƌŽŶƟ ͞>͛ƵŶŝĐŽ ĂĚ ĞƐƐĞƌĞ ĚŝǀĞƌƐŽ Ğƌŝ dƵ͟ ,Ă ƉƵďďůŝĐĂƚŽ ƉĞƌ WŽƐƚĐĂƌƚ ĚŝnjŝŽŶŝ ͞>͛ƵŶŝĐŽ Ğƌŝ dƵ͟ ŽůůĂďŽƌĂ ĐŽŶ ĂŶŝĞůĂ dƌƵŶĮŽ Ăů ƉƌŽŐĞƩŽ W,KdK >d ,Ă ĐŽůůĂďŽƌĂƚŽ ĐŽŶ E/<KE /ƚĂůŝĂ͕ W^KE /ƚĂůŝĂ͕ ŝů ŵĂŐĂnjŝŶĞ /K KEE Ğ ůĂ ƌŝǀŝƐƚĂ &KdK h>d͘ ŵĞŵďƌŽ ĚĞů ŐƌƵƉƉŽ Z &> y/KE^ͲD ^d Z > ^^ ĚŝƌĞƩŽ ĚĂ 'ŝŽƌŐŝĂ &ŝŽƌŝŽ Ğ 'ĂďƌŝĞů ĂƵƌĞƚ͘

^ƚĞĨĂŶŽ 'ŝŽŐůŝ

^ƚĞĨĂŶŽ 'ŝŽŐůŝ

^ƚĞĨĂŶŽ 'ŝŽŐůŝ

DĂƌŝŽ /ĂƋƵŝŶƚĂ

͞/ ^ĞŐŶŝ ĚĞůů͛ƵŽŵŽ Ͳ ƌĂŶŽ ĂƐĞ͟ D Z/K / Yh/Ed ğ ŶĂƚŽ Ğ ǀŝǀĞ Ă ^ĂŶ 'ŝŽǀĂŶŶŝ ŝŶ &ŝŽƌĞ ; ƐͿ͘ / Ɖƌŝŵŝ ĐŽŶƚĂƫ ĐŽŶ ůĂ ĨŽƚŽŐƌĂĮĂ ƌŝƐĂůŐŽŶŽ ĂůůĂ ƐĞĐŽŶĚĂ ŵĞƚă ĚĞŐůŝ ĂŶŶŝ ƐĞƩĂŶƚĂ͕ ŐƌĂnjŝĞ ĂĚ ƵŶĂ ǀĞĐĐŚŝĂ ĐĂŵĞƌĂ ŽƐĐƵƌĂ ƌĞŐĂůĂƚĂŐůŝ ĚĂ ƵŶ ĂŵŝĐŽ͘ >Ă ŵĂŐŝĂ ĚĞůůĂ ƐƚĂŵƉĂ ůŽ ƉŽƌƚĂ ĂĚ ĞƐƚĞŶĚĞƌĞ ů͛ŝŶƚĞƌĞƐƐĞ ǀĞƌƐŽ ůĂ ƌŝƉƌĞƐĂ ĨŽƚŽŐƌĂͲ ĮĐĂ͕ ƉƵŶƚĂŶĚŽ ů͛ŽďŝĞƫǀŽ ƉƌŝŶĐŝƉĂůŵĞŶƚĞ ƐƵů ƚĞƌƌŝƚŽƌŝŽ ĚŽǀĞ ǀŝǀĞ͘ ^ƵĐĐĞƐƐŝǀĂŵĞŶƚĞ ĂůůĂƌŐĂ ůĂ ƉĂƐƐŝŽŶĞ ĨŽƚŽŐƌĂĮĐĂ ŽĐĐƵƉĂŶĚŽƐŝ Ěŝ ƌŝĐĞƌĐĂ Ğ Ěŝ ƌĞĐƵƉĞƌŽ Ěŝ ĨŽƚŽŐƌĂĮ ĐĂůĂďƌĞƐŝ Ě͛ĞƉŽĐĂ͘ Ăů ϭϵϴϯ ğ ^ŽĐŝŽ &͘/͘ ͘&͘ ;&ĞĚĞƌĂnjŝŽŶĞ /ƚĂůŝĂŶĂ ƐƐŽĐŝĂnjŝŽŶŝ &ŽƚŽŐƌĂĮĞͿ͕ Ěŝ ĐƵŝ ğ ƐƚĂƚŽ ĚĂů ϭϵϴϰ Ăů ϭϵϴϳ ĚĞůĞŐĂƚŽ ƉĞƌ ůĂ ƉƌŽǀŝŶĐŝĂ Ěŝ ŽƐĞŶnjĂ͘ ,Ă ƉĂƌƚĞĐŝƉĂƚŽ Ă ĐŽůůĞƫǀĞ ĞĚ Ă ŶƵŵĞƌŽƐŝ ĐŽŶĐŽƌƐŝ ĨŽƚŽŐƌĂĮĐŝ ŽƩĞŶĞŶĚŽ ŵŽůƟ ƉƌĞŵŝ ƚƌĂ ŝ ƋƵĂůŝ͕ ŶĞů ϭϵϴϬ͕ ůĂ ŵĞĚĂŐůŝĂ Ě͛ĂƌŐĞŶƚŽ ƉŽƐƚĂ ŝŶ ƉĂůŝŽ ĚĂů WƌĞƐŝĚĞŶƚĞ ĚĞůůĂ ZĞƉƵďďůŝĐĂ ^ĂŶĚƌŽ WĞƌƟŶŝ Ăů ĐŽŶĐŽƌƐŽ ĨŽƚŽŐƌĂĮĐŽ ͞ ĂůĂďƌŝĂ ĚĂ ^ĂůǀĂƌĞ͘͟ /Ŷ ŽĐĐĂƐŝŽŶĞ ĚĞů ϱϵΣ ŽŶŐƌĞƐƐŽ EĂnjŝŽŶĂůĞ &͘/͘ ͘&͘ ϮϬϬϳ͕ ƐǀŽůƚŽƐŝ Ă ŝǀŝƚĂǀĞĐĐŚŝĂ ;ZŽŵĂͿ͕ ğ ƐƚĂƚŽ ŝŶƐŝŐŶŝƚŽ ĚĞůů͛ŽŶŽƌŝĮĐĞŶnjĂ ͘&͘/͘ ; ƌƟƐƚĂ ĚĞůůĂ &ŽƚŽŐƌĂĮĂ /ƚĂůŝĂŶĂͿ͕ ŝŶ ƌŝĐŽŶŽƐĐŝŵĞŶƚŽ ĚĞŝ ŵĞƌŝƟ ĂƌͲ ƟƐƟĐŝ ĞĚ ĞƐƉƌĞƐƐŝǀŝ͘ ŽŶ ůĂ DŽƐƚƌĂ ͞/ ^ĞŐŶŝ ĚĞůů͛ƵŽŵŽ Ͳ ƌĂŶŽ ĂƐĞ͕͟ ƉƌĞƐĞŶƚĞ ŝŶ ƋƵĞƐƚĂ ƐĞĚĞ͕ ŶĞů ϮϬϭϬ ğ ƐƚĂƚŽ ƉƌŽͲ ĐůĂŵĂƚŽ ƉƌŝŵŽ ƵƚŽƌĞ ĚĞůů͛ ŶŶŽ &͘/͘ ͘&͘ ĂůĂďƌŝĂ͘ ŝǀĞƌƐŝ ƐƵŽŝ ƉƌŽŐĞƫ ƐŽŶŽ ĚŝǀĞŶƚĂƟ ƉƵďďůŝĐĂnjŝŽŶŝ Ğ ƐƵĞ ĨŽƚŽŐƌĂĮĞ Ğ ƐĞƌǀŝnjŝ ĨŽƚŽŐƌĂĮĐŝ ƐŽŶŽ ĂƉƉĂƌƐŝ ƐƵ ůŝďƌŝ͕ ƌŝǀŝƐƚĞ Ğ ŐŝŽƌŶĂůŝ͕ ƐŝĂ ĐĂƌĂƩĞƌĞ ƌĞŐŝŽŶĂůĞ ĐŚĞ ŶĂnjŝŽŶĂůĞ͘ ͘​͘​͘>͛ĂƵƚŽƌĞ Đŝ ƌŝǀĞůĂ ŶŽŶ ƐŽůŽ ƵŶ ŵŽŶĚŽ ǀŝǀŽ Ğ ŵĞƌĂǀŝŐůŝŽƐŽ ŵĂ ĞƐƉƌŝŵĞ ĂŶĐŚĞ ƚĞŵĂƟĐŚĞ Ɖŝƶ ŝŶƚĞƌŝŽƌŝ ĂƩƌĂǀĞƌƐŽ ŝ ƚĂŐůŝ ƐĞůĞƫǀŝ ƉĞƌ ƐĞůĞnjŝŽŶĂƌĞ Ğ ĂƐƐĞŵďůĂƌĞ ůĞ ŝŵŵĂŐŝŶŝ ĐŽŵĞ ůĞŵďŝ Ěŝ ƵŶĂ ŶƵŽǀĂ ŵĂƚĞƌŝĂ͕ ƚƌĂƐĨŽƌŵĂŶĚŽůĂ ŝŶ ƵŶ͛ŽƉĞƌĂ ĐƌĞĂƟǀĂ ĨĂƩĂ Ěŝ ĂƐƚƌĂnjŝŽŶŝ Ğ ƐŝŵďŽůŝƐŵŝ ĐŽŵĞ ƐĞ ŽƉĞƌĂƐƐĞ ƐƵůůĂ ƚĞůĂ Ěŝ ƵŶ ƉŝƩŽƌĞ͘ hŶ ŶŽŶ ĨĂĐŝůĞ ƐĨŽƌnjŽ ĐƌĞĂƟǀŽ ĐŚĞ ƌŝĐŚŝĞĚĞ Ăďŝůŝ ĚŽƟ Ěŝ ĂĚĂƩĂŵĞŶƚŽ ŐƌĂĮĐŽ͕ ĐŽĞƌĞŶnjĂ ĨŽƌŵĂůĞ ĨƌĂ ŝ ƐŽŐŐĞƫ ƉƌĞƐĐĞůƟ͕ ĂƩƌĂǀĞƌƐŽ ƵŶĂ ĨĂƐĞ Ěŝ ƐƚƵĚŝŽ ƉƌĞƉĂƌĂƚŽƌŝŽ͘ ƌĂŶŽ ĐĂƐĞ͕ ƌĂƉƉƌĞƐĞŶƚĂ ƵŶ ŵŽŵĞŶƚŽ ƐŝŐŶŝĮĐĂƟǀŽ ŶĞůůĂ ƐƵĂ ĞƐƉĞƌŝĞŶnjĂ ĂƌƟƐƟĐĂ͕ ŶŽŶ ƐŽůŽ ƉĞƌ ů͛ŽƌŝŐŝŶĂůŝƚă ĨŽƌŵĂůĞ ĚĞůůĞ ƐƵĞ ŽƉĞƌĞ͕ ŵĂ ĂŶĐŚĞ ƉĞƌ ŝů ƉĂůĞƐĞ ŝŶƚĞŶƚŽ Ěŝ ŽīƌŝƌĐŝ ƵŶĂ ĚŝǀĞƌƐĂ ǀŝƐŝŽŶĞ ĚĞůůĂ ĨŽƚŽŐƌĂĮĂ͘ Őůŝ ğ ƵŶ ĂďŝůĞ ĨŽƚŽŐƌĂĨŽͲĂƌƟŐŝĂŶŽ ĐŚĞ ƐĂ ĐŽŵƉŽƌƌĞ ůĞ ƐƵĞ ƚĞƐƐĞƌĞ ŝŶ ƵŶŽ ƐƚƵƉĞĨĂĐĞŶƚĞ ŵŽƐĂŝĐŽ ĨŽƚŽŐƌĂĮĐŽ ƉĞƌ ĞƐĂůƚĂƌĞ ůĞ ĂĸŶŝƚă͕ ŝ ĐŽŶƚƌĂƐƟ Ěŝ ĨŽƌŵĞ Ğ Ěŝ ĐŽůŽƌŝ͘ >Ă ͞ĨŽƚŽŐƌĂĮĂ͕͟ ƐĞŵƉůŝͲ ĐĞŵĞŶƚĞ ŝŶƚĞƐĂ ĐŽŵĞ ƐŽŐŐĞƩŽ ƚĞĐŶŽůŽŐŝĐŽ͕ ĂƐƐƵŵĞ ŝŵƉŽƌƚĂŶnjĂ ŝŶ ƋƵĞƐƚŽ ůĂǀŽƌŽ ŶŽŶ ƚĂŶƚŽ ƉĞƌ ͞ĐŽƐĂ͟ ğ ŝŶ ŐƌĂĚŽ Ěŝ ĚŝƌĞ ƋƵĂŶƚŽ ƉĞƌ ͞ĐŽŵĞ͟ ůŽ ĚŝĐĞ͗ ůĂ ƌŝͲ ƉƌŽĚƵĐŝďŝůŝƚă ƚĞĐŶŝĐĂ͕ ŝŶ ƋƵĞƐƚŽ ĐĂƐŽ͕ ůĂƐĐŝĂ ŝů ƉĂƐƐŽ ĂůůĂ ůŝďĞƌĂ ŝŶƚĞƌƉƌĞƚĂnjŝŽŶĞ ĚĞů ƐŽŐŐĞƩŽ͕ ĚĂ ƉĂƌƚĞ ĚĞůů͛ĂƌƚĞĮĐĞ͕ ĐŚĞ ĚŝǀĞŶƚĂ ͞ĂůƚƌŽ͕͟ ƌŝǀĞůĂŶĚŽƐŝ ŐƌĂĚĞǀŽůĞ ĞůĂƌŐŝƚƌŝĐĞ Ěŝ ƌĂƌĞ Ğ ƐŝŶĐĞƌĞ ƐĞŶƐĂnjŝŽŶŝ ĞŵŽƟǀĞ͘͟​͘​͘ ͘ 'ŝĂŶĐĂƌůŽ dŽƌƌĞƐĂŶŝ ͘​͘​͘ >Ă ĐƵƌĂ ĂƩĞŶƚĂ ĚĞůůĂ ƌĂƉƉƌĞƐĞŶƚĂnjŝŽŶĞ Ěŝ ƋƵĞƐƚĂ ĞƐƉĞƌŝĞŶnjĂ͕ ǀŝƐƐƵƚĂ ƉĂƌĂͲ ĚŽƐƐĂůŵĞŶƚĞ ƚƌĂ ƵŶĂ ĐƵĐŝŶĂ ĞĚ ƵŶ ƐŽŐŐŝŽƌŶŽ ǀƵŽƟ Ğ ƐŝůĞŶnjŝŽƐŝ ;͍Ϳ Ž ƚƌĂ ƵŶĂ ƐĐĂůĂ ĞĚ ƵŶ ĐŽƌƌŝĚŽŝŽ ƐŝůĞŶnjŝŽƐŝ Ğ ǀƵŽƟ ;͍Ϳ͕ ĨƌĞŶĂ ůĂ ƐŽƌƉƌĞƐĂ ĚĞů ƐƵŽ ŽĐĐŚŝŽ ĐŽƐŝĐĐŚĠ ƐŽůŽ ŝů ƐƵŐŐĞƐƟǀŽ ĂĐĐŽƐƚĂŵĞŶƚŽ ĚĞŝ ƐƵƉĞƌƐƟƟ ŽŐŐĞƫ Ž ĚĞŝ ƐĞŐŶŝ ƐƵůůĞ ƉĂƌĞƟ͕ ŵŝƌĂďŝůŵĞŶƚĞ ƌŝĐŽŶĚŽƫ ŝŶ ĐŝĨƌĂ ƉŝƩŽƌŝĐĂ͕ ĐŽŶƐĞŶƚĞ Ăů ƌĂĐĐŽŶƚŽ Ěŝ ƉƌŽĐĞĚĞƌĞ ƚƌĂ ƐƵŐŐĞƐƟŽŶŝ ĞĚ ŝŶĐĂŶƚĂŵĞŶƟ ĞĚ͕ ĂůůĂ ĮŶĞ͕ ƐƚĂďŝůŝƌĞ ƵŶĂ ŐĞƌĂƌͲ ĐŚŝĂ Ěŝ ƐŝŐŶŝĮĐĂƟ ƚƌĂ ůĞ ŵŝƐƚĞƌŝŽƐĞ ƉƌĞƐĞŶnjĞ ĚĞŶƚƌŽ ůĞ ĐĂƐĞ ĞĚ ŝ ƐĞŐŶŝ ƌĂĐĐŽůƟ ĚĂů ƐƵŽ ƐĐĂƩŽ͘ /ŶƚĂŶƚŽ͕ ŶŽŝ ĐŚĞ ůĞŐŐŝĂŵŽ ůĞ ŝŵŵĂŐŝŶŝ͕ ƐƟĂŵŽ ŽƌŵĂŝ ĚŝĞƚƌŽ Ăŝ ƉĂƐƐŝ ǀŝƐŝǀŝ ĚĞů ĨŽƚŽŐƌĂĨŽ͕ ĂĐĐĂŶƚŽ Ăů ƐƵŽ ƉĞƌĞŐƌŝŶĂƌĞ͘​͘​͘ ͘ WŝƉƉŽ WĂƉƉĂůĂƌĚŽ

DĂƌŝŽ /ĂƋƵŝŶƚĂ

DĂƌŝŽ /ĂƋƵŝŶƚĂ

DĂƌŝŽ /ĂƋƵŝŶƚĂ

ZĞŶĂƚŽ WĂŐůŝĂƌŽ

ƐƵĚ ĚĞůůĂ ŵŝĂ ĂŶŝŵĂ Z E dK W '>/ ZK ǀŝǀĞ Ğ ůĂǀŽƌĂ Ă DŽƌĂŶŽ ĂůĂďƌŽ͕ ŝŶ /ƚĂůŝĂ͘ >Ă ƐƵĂ ƌŝĐĞƌĐĂ ĨŽƚŽŐƌĂĮĐĂ Ɛŝ ĞƐĞƌĐŝƚĂ͕ ŽůƚƌĞ ĐŚĞ ŶĞůůĂ ƐƵĂ ƌĞŐŝŽŶĞ Ě͛ŽƌŝŐŝŶĞ͕ ůĂ ĂůĂďƌŝĂ͕ ĂŶĐŚĞ ŝŶ ŵĞƌŝĐĂ >ĂƟŶĂ͕ ĚŽǀĞ ŵĞĚŝƚĂ ƐĞŵƉƌĞ Ěŝ ƌŝƚŽƌŶĂƌĞ͘ &ŽƌƚĞ Ěŝ ƵŶĂ ĨĞƌǀŝĚĂ ĐĂƉĂĐŝƚă Ěŝ ƐƉĞƌŝŵĞŶƚĂnjŝŽŶĞ ŚĂ ƉŽƚƵƚŽ ƌĞĂůŝnjnjĂƌĞ ŽƉĞƌĞ ŶĞůůĞ ƋƵĂůŝ͕ Ěŝ ǀŽůƚĂ ŝŶ ǀŽůƚĂ͕ ĐŽŶ ůĂ ĨŽͲ ƚŽŐƌĂĮĂ ŝŶƚĞƌĂŐŝƐĐŽŶŽ ůĞƩĞƌĂƚƵƌĂ͕ ƉŽĞƐŝĂ͕ ĂƌƚĞ͕ ǀŝĚĞŽ͕ ŵƵƐŝĐĂ͕ ƐƚƵĚŝ ĐŽŵƉĂƌĂƟ ƐƵŝ ƌĂƉƉŽƌƟ ƐŽĐŝĂůŝ Ğ ƐƵůůĞ ƚƌĂĚŝnjŝŽŶŝ ƉŽƉŽůĂƌŝ͕ ĨŽŶĚĞŶĚŽ͕ ĐŽƐŞ͕ ĚŝīĞƌĞŶƟ ůŝŶŐƵĂŐŐŝ͘ >Ğ ƐƵĞ ŵĞƚĞ Ěŝ ǀŝĂŐŐŝŽ ƐŽŶŽ ĚŝǀĞŶƚĂƚĞ ŝů ƐŽŐŐĞƩŽ Ěŝ ƵŶ ƌŝƚƌĂƩŽ ĞƐŝƐƚĞŶnjŝĂůĞ͕ ƌŝĐĐŽ Ěŝ ŝŶƚĞŶƐŝ Ɖƌŝŵŝ ƉŝĂŶŝ ƐƵŐůŝ ĂƐƉĞƫ ĚĞůůĂ ǀŝƚĂ ƋƵŽƟĚŝĂŶĂ Ğ͕ ŝŶ ƉĂƌƟĐŽůĂƌĞ͕ ƐƵů ĨĞŶŽŵĞŶŽ ĚĞůů͛ĞŵŝŐƌĂnjŝŽŶĞ͘ /Ŷ ƋƵĞƐƚĂ ƉƌŽƐƉĞƫǀĂ͕ ŝů ůĂǀŽƌŽ ĐŚĞ ŚĂ ƐǀŽůƚŽ ĮŶŽƌĂ ŚĂ ĚĂƚŽ ǀŝƚĂ ĂĚ ƵŶĂ ƌŝĐĐĂ ĂŶƚŽůŽŐŝĂ Ě͛ŝŵŵĂŐŝŶŝ ĐŚĞ ƌĂƉƉƌĞƐĞŶͲ ƚĂŶŽ͕ ŽůƚƌĞ ĐŚĞ ƵŶ ĞīĞƫǀŽ ƉĂƚƌŝŵŽŶŝŽ Ěŝ ĞƐƉƌĞƐƐŝǀŝƚă ĂƌƟƐƟĐĂ͕ ƵŶŽ ƐƚƌƵŵĞŶƚŽ ŝŶĚŝƐƉĞŶƐĂďŝůĞ Ěŝ ŵĞŵŽƌŝĂ ƐƚŽƌŝĐĂ͘ >Ă DŽƐƚƌĂ ͞ ƐƵĚ ĚĞůůĂ ŵŝĂ ĂŶŝŵĂ͟ >ŝďƌŽͬ ĂƚĂůŽŐŽ Ͳ ͞>Ă DŽŶŐŽůĮĞƌĂ ĚŝƚƌŝĐĞ͟ Ͳ WƌĞĨĂnjŝŽŶĞ Ěŝ sŝƩŽƌŝŽ ĂƉƉĞůůŝ sŝĂŐŐŝĂƚŽƌĞ ĂƩĞŶƚŽ Ğ ĨŽƚŽŐƌĂĨŽ ƌĂĸŶĂƚŽ͕ ZĞŶĂƚŽ WĂŐůŝĂƌŽ Ɛŝ ĨĂ ĂŶĐŚĞ ŶĂƌƌĂƚŽƌĞ͕ ŽƌĚŝŶĂŶĚŽ ͞Ă ƐƉĞĐĐŚŝŽ͟ ŝŵŵĂŐŝͲ Ŷŝ ƐƚƌĂŽƌĚŝŶĂƌŝĂŵĞŶƚĞ ĚĞŶƐĞ ĞĚ ĞĸĐĂĐŝ Ğ ŶĂƌƌĂnjŝŽŶĞ ƐĐƌŝƩĂ͘ EĞ ƌŝƐƵůƚĂ ƵŶĂ ĚĞƐĐƌŝnjŝŽŶĞ ĚƵƉůŝĐĞ Ěŝ ƵŶ ƐƵŽ ƌĞŝƚĞƌĂƚŽ ƉĞƌĐŽƌƐŽ͕ ĐŚĞ ůŽ ĐŽŶĚƵĐĞ ŝŶ ĨŽƌŵĂ ĐŝƌĐŽůĂƌĞ ĚĂ DŽƌĂŶŽ ĂůĂďƌŽ ĂůůĞ ĐŝƩă ůĂƟŶŽĂŵĞƌŝĐĂŶĞ ʹ ^ĂůǀĂĚŽƌ͕ ZŝŽ ĚĞ :ĂŶĞŝƌŽ͕ WŽƌƚŽ ůĞŐƌĞ͕ DŽŶƚĞǀŝĚĞŽ͕ ƵĞŶŽƐ ŝƌĞƐ ʹ Ğ ĚĂ ƋƵĞƐƚĞ Ěŝ ŶƵŽǀŽ Ă DŽƌĂŶŽ͘ /ů ǀŝĂŐŐŝŽ ĚŝǀŝĞŶĞ ĂƵƚŽďŝŽŐƌĂĮĂ Ğ ƌĞƉŽƌƚĂŐĞ͕ ĚŽĐƵŵĞŶƚĂnjŝŽŶĞ Ğ ĮĐƟŽŶ ĂĚ ƵŶ ƚĞŵƉŽ͘ >Ă ŵŽƐƚƌĂ Ɛŝ ƉƌĞƐƚĂ ĂĚ ƵŶĂ ůĞƩƵƌĂ ŵŽůƚĞƉůŝĐĞ ĞĚ ĂƩĞƐƚĂ ŝŶ ŵĂŶŝĞƌĂ ĞƐĞŵƉůĂͲ ƌĞ͕ ŵƵŽǀĞŶĚŽƐŝ ĂŐŝůŵĞŶƚĞ ƚƌĂ ĚŝŵĞŶƐŝŽŶĞ ƉƌŝǀĂƚĂ͕ ŵĞŵŽƌŝĂ ƐƚŽƌŝĐĂ Ğ ŝŶǀĞŶͲ njŝŽŶĞ ĂƌƟƐƟĐĂ͕ ƋƵĂŶƚŽ ƐŝĂ ƉƌĞnjŝŽƐĂ Ğ ǀŝƚĂůĞ ƉĞƌ ů͛ĂƵƚŽƌĞ ƵŶĂ ĚƵƉůŝĐĞ ŝĚĞŶƟƚă ͞ĐĂůĂďƌŽͲůĂƟŶŽĂŵĞƌŝĐĂŶĂ͘͟ ŵĞƚă ƚƌĂ ƌĞƉŽƌƚĂŐĞ ŐŝŽƌŶĂůŝƐƟĐŽ Ğ ƌĂĐĐŽŶƚŽ Ěŝ ƵŶĂ ĚŝƐĐĞƐĂ ŶĞůůĂ ƉƌŽƉƌŝĂ ĂŶŝŵĂ͘ /ů ǀŝĂŐŐŝŽ Ěŝ ZĞŶĂƚŽ WĂŐůŝĂƌŽ ĐŽůůĞŐĂ ŝ ^ƵĚ Ğ ůĞ ƉƌŽĨŽŶĚŝƚă ĚĞů ŵŽŶĚŽ ŶĞůͲ ů͛ŝŶĐŽŶƚƌŽ Ěŝ ƐŐƵĂƌĚŝ Ğ Ěŝ ŵĂŶŝ͘ hŶ͛ĞƐƉĞƌŝĞŶnjĂ ǀŝƐƐƵƚĂ ƚƌĂ ĂůĂďƌŝĂ͕ ƌĂƐŝůĞ͕ hƌƵŐƵĂLJ Ğ ƌŐĞŶƟŶĂ͕ Ğ ŶĂƌƌĂƚĂ ĐŽŶ ŝŵŵĂŐŝŶŝ Ğ ƉĂƌŽůĞ͘

SK 5HQDWD %LJOLD

ƵĞŶŽƐ ŝƌĞƐ

ZĞŶĂƚŽ WĂŐůŝĂƌŽ

WŽƌƚŽ ůĞŐƌĞ

ZĞŶĂƚŽ WĂŐůŝĂƌŽ

DŽŶƚĞǀŝĚĞŽ

ZĞŶĂƚŽ WĂŐůŝĂƌŽ

tŽƌŬƐŚŽƉ ^ĞƫŵŝŽ ĞŶĞĚƵƐŝ

͞>͛ŝĚĞĂ Ăů ƐĞƌǀŝnjŝŽ ĚĞůůĂ ďĞůůĞnjnjĂ͟ ^ dd/D/K E h^/ ŶĂƚŽ Ă /ŵƉĞƌŝĂ ŶĞů ϭϵϲϮ ƐŽƩŽ ŝů ƐĞŐŶŽ ĚĞŝ ŐĞŵĞůůŝ͕ ǀŝƐĐĞƌĂůŵĞŶƚĞ ĐƵƌŝŽƐŽ Ğ ĚŽƚĂͲ ƚŽ Ěŝ ŝŶƐĐĂůĮďŝůĞ ĚĞƚĞƌŵŝŶĂnjŝŽŶĞ͕ Ă ƐŽůŝ ϮϬ ĂŶŶŝ ĂďďĂŶĚŽŶĂ Őůŝ ƐƚƵĚŝ ĐůĂƐƐŝĐŝ ƉĞƌ ƚƌĂƐĨĞƌŝƌƐŝ Ă DŝůĂŶŽ ĐŽŶ ů͛ƵŶŝĐŽ ŽďŝĞƫǀŽ Ěŝ ĚŝǀĞŶƚĂƌĞ ĨŽƚŽŐƌĂĨŽ ƉƌŽĨĞƐƐŝŽŶŝƐƚĂ͘ ŽƉŽ ƵŶ ŝŶŝnjŝŽ ĚŝĸĐŝůĞ͕ ƉƌŝŵĂ ĐŽŵĞ ĂƐƐŝƐƚĞŶƚĞ Ğ ƉŽŝ ĐŽŵĞ ůŝďĞƌŽ ƉƌŽĨĞƐƐŝŽŶŝƐƚĂ͕ ƌŝĞƐĐĞ ĮŶ ĚĂ ƐƵďŝƚŽ ƐŝĂ Ă ƉƵďďůŝĐĂƌĞ ƐƵ ŝŵƉŽƌƚĂŶƟ ƌŝǀŝƐƚĞ ĐŚĞ Ă ƌĞĂůŝnjnjĂƌĞ ŝ Ɖƌŝŵŝ ůĂǀŽƌŝ ĐŽŵŵĞƌĐŝĂůŝ͘ ^ŽŶŽ ƉƌŽƉƌŝŽ ůĞ ƉƵďďůŝĐĂnjŝŽŶŝ ƉĞƌ ůĞ ŵĂŐŐŝŽƌŝ ĐĂƐĞ ĞĚŝƚƌŝĐŝ ;DŽŶĚĂĚŽƌŝ͕ ZŝnjͲ njŽůŝ͕ ZƵƐĐŽŶŝ͕ ŽŶĚğ EĂƐƚ ĞĐĐ͘Ϳ ƵŶŝƚĞ ĂůůĂ ŐƌĂŶĚĞ ƉĂƐƐŝŽŶĞ ƉĞƌ ůĂ ƐĐƌŝƩƵƌĂ ĐŚĞ Őůŝ ƉĞƌŵĞƩŽŶŽ Ěŝ ŝƐĐƌŝǀĞƌƐŝ Ăůů͛ŽƌĚŝŶĞ ĚĞŝ ŐŝŽƌŶĂůŝƐƟ ĚĞůůĂ >ŽŵďĂƌĚŝĂ͘ >Ă ƐƵĂ ŐƌĂŶĚĞ ĐĂƉĂĐŝƚă ĐŽŵƵŶŝĐĂƟǀĂ ůŽ ƐƉŝŶŐĞ ĂĚ ĂƉƌŝƌĞ ƵŶŽ ĚĞŝ Ɖƌŝŵŝ ůŽŐ ŝŶ /ƚĂůŝĂ ĂĐĐĞƐƐŝďŝůĞ ĚĂů ƐƵŽ ƐŝƚŽ ƉĞƌƐŽŶĂůĞ Ğ ĐŚĞ ĮŶ ĚĂů ϮϬϬϯ ǀĂŶƚĂ ƵŶ ĂīĞnjŝŽŶĂƟƐƐŝŵŽ ƉƵďďůŝĐŽ͘ EĞů ŐŝƌŽ Ěŝ ďƌĞǀĞ ƚĞŵƉŽ ƐĞŐƵŽŶŽ Ăůƚƌŝ ĚƵĞ ďůŽŐ͗ ƵŶŽ ƐƵů ƐŝƚŽ ĚĞů ŽƌƌŝĞƌĞ ĚĞůůĂ ^ĞƌĂ͕ ŝů Ɖŝƶ ŝŵƉŽƌƚĂŶƚĞ ŶĞǁƐ ŵĂŐĂnjŝŶĞ ŝƚĂůŝĂŶŽ͕ Ğ ƵŶŽ ƐƵů ƐŝƚŽ Ěŝ DĂdžͬZĐƐ ůĞŐĂƚŽ ĂůůĂ ƐƵĂ ƌƵďƌŝĐĂ DĂdž ĂƐƟŶŐ͘ WĞƌ ƐĞƩĞ ĂŶŶŝ ĐŽŶƐĞĐƵƟǀŝ ƉĂƌƚĞĐŝƉĂ ĐŽŵĞ ƵŶŝĐŽ ĨŽƚŽŐƌĂĨŽ ŝƚĂůŝĂŶŽ ĂůůĂ ĐĞůĞďĞƌƌŝŵĂ ƌŝǀŝƐƚĂ Ěŝ ĐŽƐƚƵŵŝ ĚĂ ďĂͲ ŐŶŽ ^ƉŽƌƚƐ /ůůƵƐƚƌĂƚĞĚ͘ ZŝƚƌĂĞ ƚƵƩŽ ŝů ŐŽƚŚĂ ŝƚĂůŝĂŶŽ ĚĂ ^ŝůǀŝŽ ĞƌůƵƐĐŽŶŝ Ă 'ŝŽƌŐŝŽ ƌŵĂŶŝ͕ ƉĂƐƐĂŶĚŽ ƉĞƌ 'ŝĂŶĨƌĂŶĐŽ &Ğƌƌğ͕ ŝ ĐŽŶŝƵŐŝ DŝƐƐŽŶŝ͕ ůďĞƌͲ ƚĂ &ĞƌƌĞƫ ƐŽůŽ ƉĞƌ ĐŝƚĂƌŶĞ ĂůĐƵŶŝ͘ >Ă ƐƵĂ ƉŽƐŝƟǀĂ ĨƌĞŶĞƐŝĂ ůŽ ƉŽƌƚĂ ĂĚ ĞƐƚĞŶĚĞƌĞ ůĂ ƐƵĂ Ăƫǀŝƚă ďĞŶ ŽůƚƌĞ ůĂ ƐĞŵƉůŝĐĞ ƉƌŽĨĞƐͲ ƐŝŽŶĞ ŝŶƐĞŐŶĂŶĚŽ ƉƌĞƐƐŽ ů͛/ƐƟƚƵƚŽ /ƚĂůŝĂŶŽ Ěŝ &ŽƚŽŐƌĂĮĂ͕ ƚĞŶĞŶĚŽ ǁŽƌŬƐŚŽƉ ƉƌĞƐƐŽ ŝů ƉƌĞƐƟŐŝŽƐŝƐƐŝŵŽ dWt͘ ĨĂĐĞŶĚŽ ŵŽƐƚƌĞ ;Ăů ďƵŝŽ͊Ϳ͕ ƚĞŶĞŶĚŽ ĐŽŶĨĞƌĞŶnjĞ ŝŶ ŶƵŵĞƌŽƐĞ ƋƵĂŶƚŽ ƉƌĞƐƟŐŝŽƐĞ ŵĂŶŝĨĞƐƚĂnjŝŽŶŝ ĐŽŵĞ &ŽƚŽŐƌĂĮĐĂ ƉƌĞƐƐŽ ůŽ ^ƉĂnjŝŽ &ŽƌŵĂ Ěŝ DŝͲ ůĂŶŽ͕ 'ĞĐŬŽ &ĞƐƟǀĂů ĞĐĐ͘ Ğ ƉĂƌƚĞĐŝƉĂŶĚŽ Ă ƉƌŽŐƌĂŵŵŝ ƚĞůĞǀŝƐŝǀŝ͘ 'ƌĂnjŝĞ ĂůůĂ ƐƵĂ ƉƌŽͲ ĨĞƐƐŝŽŶĞ ŚĂ ŝů ŐƌĂŶĚĞ ƉƌŝǀŝůĞŐŝŽ Ěŝ ǀŝĂŐŐŝĂͲ ƌĞ ŝŶ ƚƵƩŽ ŝů ŵŽŶĚŽ ƌĞĂůŝnjnjĂŶĚŽ ƐĞƌǀŝnjŝ ŶĞŝ ƉŽƐƟ Ɖŝƶ ĚŝǀĞƌƐŝ Ğ ŝŶĐƌĞĚŝďŝůŝ͘

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