/Ŷ ůŽǀĞ ǁŝƚŚ ^ůĂǀŝĐ ĨŽůŬůŽƌĞ
1FUSB 5PUI JT B 4MPWBL KFXFMMFSZ EFTJHOFS XIP GPVOEFE UIF IPNPOZNPVT GBTIJPO KFXFMMFSZ CSBOE JO 4IF JT QSPCBCMZ UIF POMZ KFXFMMFSZ EFTJHOFS JO UIF XPSME XIP JOOPWBUJWFMZ BQQMJFT UIF LOPXMFEHF PG 4MBWJD NZUIPMPHZ GPMLMPSF USBEJUJPO BOE TZNCPMJTN PG 4MBWJD PSOBNFOUT JO IFS DSFBUJPOT ćBOLT UP UIF GFBSMFTT DSFBUJWJUZ UP DPNCJOF UIF PME XJUI UIF OFX 1FUSB 5PUI +FXFMMFSZ SBE SBEJBUFT ZPVUIGVM GFFMJOH BOE HFOUJMJUZ *U BEPSOT JDPOT BOE JEPMT KFXFMT OVNCFS PG GBTIJPO TIPXT DSPXOT UIF XJOOFST PG .JTT 6OJWFSTF BT XFMM BT DPMMBCPSBUFE XJUI MFBEJOH GBTIJPO EFTJHOFST ćF TUPSZ PG 1FUSB 5PUI +FXFMMFSZ CFHJOT JO BODJFOU UJNFT 8F UBML BCPVU UJNFT UIBU DPNF UP VT GSPN NPSF BOE NPSF JODSFBTJOH EJTUBODF CFDBVTF UIF IFSJUBHF PG 4MBWJD GPMLMPSF BHFT GBTUFS UIBO FWFS CFGPSF BOE QBMFT BXBZ JO NFNPSZ BOE UIF IFBSU ćFSFGPSF JU JT JNQPSUBOU GPS 1FUSB 5PUI UP SFUFMM UIJT TUPSZ JO DPOUFNQPSBSZ MBOHVBHF UISPVHI KFXFMMFSZ #FDBVTF BSU SFQSFTFOUT VOJWFSTBM MBOHVBHF BOE IBT OP CPVOEBSJFT
" NBO XJUIPVU SFTQFDU GPS USBEJUJPO JT MJLF B USFF XJUIPVU SPPUT UIF TNBMMFTU POSVTI FBTJMZ CSFBLT IJN BXBZ GSPN UIF FTTFODF 1FUSB 5PUI +FXFMMFSZ JT SFWJWFE CFBVUZ TFMFDUFE GSPN PME DIFTUT CFBVUZ UIBU TMPXMZ ESJęT BXBZ GSPN VT BT B ZPVOH CSJEF GSPN IFS LJOTGPML BOE DPNFT CBDL XJUI JNQBTTJPOFE MVYVSZ
8FMDPNF BOE USZ UP XSJUF ZPVS PXO TUPSZ XJUI 1FUSB 5PUI +FXFMMFSZ
^>Ks </ E WKW ĐŽůůĞĐƟŽŶ ŐŽůĚ ƉůĂƚĞĚ ďƌĂƐƐ͕ ĞŶĂŵĞů ƉĂŝŶƟŶŐ͕ ĞŵŝĂŶ ĐƌLJƐƚĂůƐ
ĂƌƌŝŶŐƐ ^ ϮͲE hͲ &ͲϬϯ
/Ŷ ůŽǀĞ ǁŝƚŚ ^ůĂǀŝĐ ĨŽůŬůŽƌĞ
^>Ks </ E WKW ĐŽůůĞĐƟŽŶ ŐŽůĚ ƉůĂƚĞĚ ďƌĂƐƐ͕ ĞŶĂŵĞů ƉĂŝŶƟŶŐ
ĂƌƌŝŶŐƐ ^ ϮͲE hͲ ͲϬϭ EĞĐŬůĂĐĞ ^ ϮͲE ,Ͳ Ͳϰϴ ZŝŶŐ ^ ϮͲWZ^Ͳ ͲϯϬ
>h E</ ĐŽůůĞĐƟŽŶ ƐŝůǀĞƌ ƉůĂƚĞĚ ďƌĂƐƐ͕ ĞŵŝĂŶ ĐƌLJƐƚĂůƐ
ĂƌƌŝŶŐƐ > <ͲE hͲ^ ͲϮϮ
Ǥ Ǥ Ǧ Ǥ Ǥ ǫ
Ǧ Ǧ Ǥ ǡ Ǥ Ǧ ǡ Ǥ Ǧ Ǥ
ͷͶͶ Ǧ ǡ Ǥ Ǧ Ǥ ǡ ϐ Ǥ Ǧ ϐ ̶ Ǥ̶ ǡ Ǧ Ǧ Ǥ ǫ ǡ ̹ Ǥ
Ǧ Ǧ Ǥ Ǧ ͷͶͶǦ Ǧ Ǧ Ǧ ± Ǥ Ǧ Ǥ Ǧ ǡ Ǥ Ǥ
Ǥ ǡ ǡ ̶ ̶ ǫ Ǣ
ǡ Ǥ
Ǥ Ǧ Ǥ ̺ ̺ Ǧ Ǧ Ǥ Ǥ Ǧ ǡ ǡ Ǥ Ǥ ǯ Ǥ Ƿ Dz Ǧ Ǥ
ƌŽǁŶ ͞DŽƌĞŶĂ͟ ĨŽƌ DŝƐƐ hŶŝǀĞƌƐĞ ^ůŽǀĂŬŝĂ ďLJ WĞƚƌĂ dŽƚŚ :ĞǁĞůůĞƌLJ
/ŶƐƉŝƌĂƟŽŶ ĨƌŽŵ ^ůĂǀŝĐ ĨŽůŬ ĞŵďƌŽŝĚĞƌLJ͘
-HDQHWWH %RUK\RYD 0LVV 8QLYHUVH 6ORYDNLD
^>Ks </ E WKW ĐŽůůĞĐƟŽŶ ŐŽůĚ ƉůĂƚĞĚ ďƌĂƐƐ͕ ĞŶĂŵĞů ƉĂŝŶƟŶŐ ƌĂĐĞůĞƚ ^ ϮͲE ZͲ ͲϮϰ
^>Ks </ E WKW ĐŽůůĞĐƟŽŶ ŐŽůĚ ƉůĂƚĞĚ ďƌĂƐƐ͕ ĞŶĂŵĞů ƉĂŝŶƟŶŐ͕ ƚƌĂĚŝƟŽŶĂů ^ůĂǀŝĐ ŚĂŶĚ ĞŵďƌŽŝĚĞƌĞĚ ƌŝďďŽŶ
ƌĂĐĞůĞ ƚ ^ ϮͲE ZͲ &ͲϮ ϲ
^
WĞŶĚĂŶƚ ^ ϮͲE ,
,Ͳ & ϮͲE Ŷƚ ^ Ă Ě Ŷ WĞ
Ͳϯϯ
Ͳ &Ͳϯϭ
ϮͲE ƌĂ Z ĐĞůĞ Ͳ & ƚ ͲϮϴ
ƌŽǁŶ ͞sĞƐŶĂ͟ ĨŽƌ DŝƐƐ hŶŝǀĞƌƐĞ ^ůŽǀĂŬŝĂ ďLJ WĞƚƌĂ dŽƚŚ :ĞǁĞůůĞƌLJ
/ŶƐƉŝƌĂƟŽŶ ďLJ ^ůĂǀŝĐ ĨŽůŬ ĞŵďƌŽŝĚĞƌLJ͘
^>Ks </ E WKW ĐŽůůĞĐƟŽŶ
ŐŽůĚ ƉůĂƚĞĚ ďƌĂƐƐ͕ ĞŵŝĂŶ ĐƌLJƐƚĂůƐ͕ ĞŶĂŵĞů ƉĂŝŶƟŶŐ ƚƌĂĚŝƟŽŶĂů ^ůĂǀŝĐ ŚĂŶĚ ĞŵďƌŽŝĚĞƌĞĚ ƌŝďďŽŶ ĂƌƌŝŶŐƐ ^ ϮͲE hͲ &ͲϬϯ EĞĐŬůĂĐĞ ^ ϮͲE ,Ͳ &Ͳϰϱ
/Ŷ ůŽǀĞ ǁŝƚŚ ^ůĂǀŝĐ ĨŽůŬůŽƌĞ
>h E</ ĐŽůůĞĐƟŽŶ ƐŝůǀĞƌ ƉůĂƚĞĚ ďƌĂƐƐ͕ ĞŵŝĂŶ ĐƌLJƐƚĂůƐ
ĂƌƌŝŶŐƐ > <ͲE hͲ^ ͲϮϭ EĞĐŬůĂĐĞ > <ͲE ,Ͳ^<ͲϱϬ
^>Ks </ E WKW ĐŽůůĞĐƟŽŶ ŐŽůĚ ƉůĂƚĞĚ ďƌĂƐƐ͕ ĞŶĂŵĞů ƉĂŝŶƟŶŐ͕ ĞŵŝĂŶ ĐƌLJƐƚĂůƐ͕ ǀĞůǀĞƚ ƌŝďďŽŶ
EĞĐŬůĂĐĞ ^ ϮͲE ,Ͳ >Ͳϰϰ
/Ŷ ůŽǀĞ ǁŝƚŚ ^ůĂǀŝĐ ĨŽůŬůŽƌĞ
^>Ks </ E WKW ĐŽůůĞĐƟŽŶ ŐŽůĚ ƉůĂƚĞĚ ďƌĂƐƐ͕ ĞŶĂŵĞů ƉĂŝŶƟŶŐ
ĂƌƌŝŶŐƐ ^ ϮͲE hͲ &ͲϬϮ ZŝŶŐ ^ ϮͲWZ^Ͳ &ͲϮϵ
ǁǁǁ͘ƉĞƚƌĂƚŽƚŚ͘ƐŬ ĨĂĐĞŬ͘ĐŽŵͬƉĞƚƌĂƚŽƚŚũĞǁĞůůĞƌLJ ƉŝŶƚĞƌĞƐƚ͘ĐŽŵͬƉĞƚƌĂƚŽƚŚũĞǁĞůƐ ŝŶƐƚĂŐƌĂŵ͘ĐŽŵͬƉĞƚƌĂƚŽƚŚũĞǁĞůůĞƌLJ ƚǁŝƩĞƌ͘ĐŽŵͬƉĞƚƌĂƚŽƚŚũĞǁ WŚŽƚŽƐ ďLJ ^ƚĂŶŝƐůĂǀĂ ,ƌŝĐŽǀĂ͕ :ĂŬƵď 'ƵůLJĂƐ͕ DĂƌƟŶ <ƌLJƐƚLJŶĞŬ͕ KůĞƐ ŚĞƌĞƐŬŽ