DZ<d/ED/yZEK/EZZ/W>/<dh<͘<KEdWdhE'ZWEZ'K</dhd<KDdZ/>


ϭ͘ͲnjƚĞƌŬĞƚĂŚĂƵŵĂƚĞƌŝĂŚŽŶŝĚĂŐŽŬŝŽ͗
ĂͿDĞƌŬĂƚĂƌŝƚnjĂͲnjƵnjĞŶĚĂƌŝƚnjĂ͗ƉŽůŝƚŝŬĂŬ͘
ďͿ&ŝƐŝŬĂĂƉůŝŬĂƚƵĂ͘
ĐͿ<ŝŵŝŬĂ͘
ĚͿDĂƚĞŵĂƚŝŬĂ͘
ĞͿ>ŝƚĞƌĂƚƵƌĂ͘

ZhEE/E'Wd/><;EhEd/dh>/'ZZ/ϮͲϲ'>Z<ZEdhd<KͿ

:Ž ĚĞnjĂŐƵŶ ĞŶƚƌĞŶĂƚnjĞŬŽ ƌƵŶŶŝŶŐ njĂƉĂƚŝůĂŬ ĞƌŽƐƚĞĂ ƉĞŶƚƐĂƚnjĞŶ Ăƌŝ njĂƌĞůĂ͘ ŽŶĂůĚĞŬŽ ĂƚůĞƚĂ
ĞnjďĞƌĚŝŶĞŝŝŶĨŽƌŵĂnjŝŽĂĞƐŬĂƚƵŽŶĚŽƌĞŶ͕ůĂƵĂƵŬĞƌĂŽŶĞŶĂŬŚĞŵĞŶĂŐĞƌƚnjĞŶĚŝƌĞŶŚĂƵĞŬĚŝƌĞůĂ
ĞƐĂŶĚŝnjƵƚĞ͘'ĂŝŶĞƌĂ͕EŝŬĞŬůĂƵŚŽƌŝĞŶĂƌƚĞĂŶďĂƚĞnjďĞƐƚĞŬŽŬĂůŝƚĂƚĞĂĚƵĞůĂĞƐĂŶĚŝnjƵƚĞ͘ƵŬ͕
ĚĞŶĂĚĞŶ͕ŬĂůŝƚĂƚĞĂͬƉƌĞnjŝŽĂĂƵŬĞƌĂƌŝŬŽŶĞŶĂƌĞŶĂůĚĞŬŽĂƉƵƐƚƵĂĞŐŝŶŶĂŚŝĚƵnjƵ͘

dĂƵůĂŶnjĂƉĂƚŝůĂͲŵĂƌŬĂĚĞƐďĞƌĚŝŶĞŶĚĂƚƵĂŬĞŵĂƚĞŶĚŝƌĂ͗

 ĚŝĚĂƐ ^ĂƵĐŽŶLJ ƐŝĐƐ EŝŬĞ ĂƚĞnjď͘
  
<ĂůŝƚĂƚĞŐůŽď͘;<'Ϳ  ϮϮ Ϯϴ Ϯϱ 
ďĂů͘ŝŶĚŝnjĞĂ;/ŝũͿ     
WƌĞnjŝŽĂ  ϵϬ ϵϬ ϴϱ ϴϲ͕Ϯϱ
WƌĞnjŝŽĚŽŝƚƵĂ;WͿ     
^ͬ,     
ΎKŚĂƌƌĂ͗ĞƌĂďŝůŝƚnjĂnjƵďŝŚĂŵĂƌƚĂƌ͘




hZZ<K/E&KZD/K<KEdhE,Zdh͕ZEdhE,KE<K'>Z,h<͗

Ϯ͘ͲƵƌƌĞŬŽĚĂƚƵĞƚĂŶŽŝŶĂƌƌŝƚƵƌŝŬ͕ŚĂƵdžĞĚĞůĂĞƐŬĂŝŶƚnjĂƌŝŬĞŬŽŶŽŵŝŬŽĞŶĂĞƐĂŶĚĂŝƚĞŬĞ͗
ĂͿĚŝĚĂƐ͘
ďͿEŝŬĞ͘
ĐͿ^ĂƵĐŽŶLJĞƚĂƐŝĐƐ͕ƉƌĞnjŝŽďĞƌĂĚƵƚĞůĂŬŽ͘
ĚͿDĂƌŬĂŐƵnjƚŝĂŬŶĂŚŝŬŽŐĂƌĞƐƚŝĂŬĚŝƌĂ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

ϯ͘ͲŶĂůŝƐŝĂƌĞŶĞŵĂŝƚnjĞŝĂƌƌĞƚĂŝƉŝŶŝnj͕ŚŽŶĂŬŽŚĂƵĞƐĂŶĚĞnjĂŬĞŐƵ͗
ĂͿĚŝĚĂƐĞŬŵĞƌŬĂƚƵŬŽďĂƚĞnjďĞƐƚĞŬŽŬĂůŝƚĂƚĞĂďĂŝŶŽĂůƚƵĂŐŽĂĚƵ͘
ďͿĚŝĚĂƐĞŬϴϱĞƵƌŽŬŽƉƌĞnjŝŽĞƌƌĞĂůĂĚƵ͘
ĐͿ^ĂƵĐŽŶLJͲŬĞƚĂEŝŬĞŬƐƵŵĂƚƵƚĂŬŽďĂůŝŽďĞƌĂĂƵƌŬĞnjƚĞŶĚƵƚĞ͘
ĚͿ ĚŝĚĂƐĞŬ ĞƚĂ EŝŬĞŬ ŬĂůŝƚĂƚĞ ŐůŽďĂů ;<'Ϳ ďĞƌĂ ĚƵƚĞ͕ ĞƚĂ͕ ďĞƌĂnj͕ ďĞƌĚŝŶĂ ĚĂ ďŝ ŵĂƌŬĞƚĂƌĂŬŽ
ĚŽŝƚƵƚĂŬŽƉƌĞnjŝŽĂ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

ϰ͘Ͳ <ĂůŝƚĂƚĞ ŚĂŶĚŝĞŶĞŬŽ njĂƉĂƚŝůĂŬ ĞƌŽƐƚĞĂ ŶĂŚŝ ďĂĚƵnjƵ͕ ŚĂƵ ŝnjĂŶŐŽ ůŝƚnjĂƚĞŬĞ ĂƵŬĞƌĂŬĞƚĂ
ĂƉƌŽƉŽƐĞŶĂ͗
ĂͿĚŝĚĂƐ͕ŬĂůŝƚĂƚĞͬƉƌĞnjŝŽĞƌůĂnjŝŽŚŽďĞƌĞŶĂĚƵĞŶŵĂƌŬĂĚĞůĂŬŽ͘

 ϭϴϯ
DZ<d/ED/yZEK/EZZ/W>/<dh<͘<KEdWdhE'ZWEZ'K</dhd<KDdZ/>

ďͿƐŝĐƐ͕ŬĂůŝƚĂƚĞŐůŽďĂůŚĂŶĚŝĞŶĂĚƵĞŶŵĂƌŬĂĚĞůĂŬŽ͘
ĐͿ^ĂƵĐŽŶLJ͕ĚŽŝƚƵƚĂŬŽƉƌĞnjŝŽƌŝŬŽŶĞŶĂĚƵĞŶŵĂƌŬĂĚĞůĂŬŽ͘
ĚͿEŝŬĞ͕ŬĂůŝƚĂƚĞĂƌŝnjĞŝŶƉƌĞnjŝŽĂƌŝĚĂŐŽŬŝŽŶĞnj͕ďĂƚĞnjďĞƐƚĞŬŽƚŝŬŐĞƌƚƵĞŶĚĂŐŽĞůĂŬŽ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

ϱ͘ͲŽƐŐĂƌƌĞŶŵĂƌŬĂďĂƚnjƵƌĞĂƵŬĞƌĂŬĞƚĂͲŝƌŝnjƉŝĚĞĞŶĂƌƚĞĂŶƐĂƌƚnjĞĂƉĞŶƚƐĂƚnjĞŶĂƌŝďĂnjĂƌĂ͕ŚŽƌƌĞŶ
ŚĂƵƚĂŬĞƚĂĂƵŬĞƌĂŽŶĂŝnjĂŶŐŽůŝƚnjĂƚĞŬĞ͕ďĂůĚŝŶĞƚĂŚŽŶĂŬŽŚĂƵďĞƚĞƚnjĞŶďĂĚĂ͗
ĂͿ^ƵŵĂƚƵƚĂŬŽďĂůŝŽƌŝŬĂůƚƵĞŶĂĚƵĞŶŵĂƌŬĂƌĞŶŬĂůŝƚĂƚĞĂďĞƌĚŝŶĚƵĞŐŝƚĞŶďĂĚƵ͕ďĂŝŶĂďĞƌĞƉƌĞnjŝŽĂ
ďĂdžƵĂŐŽĂŝnjĂŶŝŬ͘
ďͿ^ƵŵĂƚƵƚĂŬŽďĂůŝŽƌŝŬĂůƚƵĞŶĂĚƵĞŶŵĂƌŬĂƌĞŶŬĂůŝƚĂƚĞĂŐĂŝŶĚŝƚnjĞŶďĂĚƵ͕ĞƚĂŚŽƌƌĞŶƉƌĞnjŝŽĂƌĞŶ
ĂnjƉŝƚŝŬƐĂůƚnjĞŶďĂĚĂ͘
ĐͿ^ƵŵĂƚƵƚĂŬŽďĂůŝŽƌŝŬĂůƚƵĞŶĂĚƵĞŶŵĂƌŬĂŬĚƵĞŶƉƌĞnjŝŽĂďĞƌĚŝŶĚƵnjĂůĂŚŽƌƌĞŶĂnjƉŝƚŝŬŽĂĞnjĂƌƌŝnj͕
ďĞƚŝĞƌĞŚĂƌŬĚƵĞŶĚŽŝƚƵƚĂŬŽƉƌĞnjŝŽĂďĂŝŶŽŚĂŶĚŝĂŐŽĂůŽƌƚnjĞŶĚƵĞŶĞĂŶ͘
ĚͿƵƌƌĞŬŽŐƵnjƚŝĂŬ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

ϲ͘ͲWĞŶƚƐĂĞnjĂnjƵĚŝĚĂƐŵĂƌŬĂŬŚƵƌƌĞŶŐŽŽƐƚŽŶĞŬŽDĂƌĂƚŽŝƌĂŬŽnjĂƉĂƚŝůĂďĞƌĞnjŝĂŬŵĞƌŬĂƚƵƌĂƚƵ
ŶĂŚŝĚŝƚƵĞůĂ;ŽƐƚŽŶϮϬDĂƌĂƚŚŽŶͿ͘ϭϱϬ͘ϬϬϬnjĂƉĂƚŝůĂͲƉĂƌĞŬŽƐĂƚƵŬŽůƵŬĞƚĞĞĚŝnjŝŽŵƵŐĂƚƵĂ͘
ĂƉĂƚŝůĂŬĚĞŶĚĂĞƐƉĞnjŝĂůŝnjĂƚƵĞƚĂŶƐĂůĚƵŬŽůŝƌĂƚĞŬĞϭϬϱĞƵƌŽŬŽƉƌĞnjŝŽĂŶ͕ŬŽƐƚƵŐƵnjƚŝĞŶŐĂŝŶĞŬŽ
йϱϬĞŬŽŵĂƌũŝŶĂĞnjĂƌƌŝnj͘ĂĚĂŬŝŐƵĞĚŝnjŝŽŵƵŐĂƚƵĂƌĞŶĨĂďƌŝŬĂnjŝŽĂŬĚŝĚĂƐƚƌĂĚŝnjŝŽŶĂůĞŬŝŬŽϯϬ
ĞƵƌŽŬŽŬŽƐƚƵŐĞŚŝŐĂƌƌŝĂĚƵĞůĂ;ŚĂƵĚĂ͕njĂƉĂƚŝůĂͲƉĂƌĞďĂŬŽŝƚnjĂƌĞŶƚnjĂƚ<ƵсϯϬĞƵƌŽͿ͘ŝƉĂƚƵƚĂŬŽ
ŬŽƐƚƵŐĞŚŝŐĂƌƌŝŚŽƌŝĞŬďĞƌƌŝŬƵŶƚnjĂͲƉƌŽnjĞƐƵĂĞƚĂƐĂůŵĞŶƚĂͲƐƵƐƚĂƉĞŶĂŝŶĚĂƌƚnjĞŬŽďŝĚĞƌĂƚƵĚŝƌĂ͘
ƵƌƌĞŬŽŝŶĨŽƌŵĂnjŝŽĂŬŽŶƚƵĂŶŚĂƌƚƵnj͕ĂƵŬĞƌĂĞnjĂnjƵĞƌĂŶƚnjƵŶnjƵnjĞŶĂ͗
ĂͿĂƉĂƚŝůĂͲƉĂƌĞďĂŬŽŝƚnjĂŬϲϱĞƵƌŽŬŽŵĂƌũŝŶĂŐŽƌĚŝŶƵŶŝƚĂƌŝŽĂĚƵ͘
ďͿĂƉĂƚŝůĂͲƉĂƌĞďĂŬŽŝƚnjĂŬϰϬĞƵƌŽŬŽ<ƵĚƵ͘
ĐͿĂƉĂƚŝůĂͲƉĂƌĞďĂŬŽŝƚnjĂŬϳϬĞƵƌŽŬŽ<ƵĚƵ͘
ĚͿĂĞƚĂďĞƌĂŶƚnjƵŶĂŬ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

ϳ͘ͲŽƐƚŽŶϮϬĚŝĚĂƐďĞƌƌŝĞŶĞĚŝnjŝŽŵƵŐĂƚƵĂŬŽŶƚƵĂŶŚĂƌƚƵnj͕ďĂĚĂŬŝŐƵ͗
ĂͿ ĚŝĚĂƐĞŬ ŝƌĂďĂnjŝ ŐĂƌďŝ ďĞƌĚŝŶĂ ůŽƌƚƵŬŽ ůƵŬĞĞůĂ ĚŝĚĂƐ ĂƌƌƵŶƚĞŶ ĞƚĂ ĚŝĚĂƐ ŽƐƚŽŶϮϬ ĞĚŝnjŝŽ
ŵƵŐĂƚƵĂƌĞŶƐĂůŵĞŶƚĂƌĞŶďŝƚĂƌƚĞnj͘
ďͿ ĚŝĚĂƐĞŬ ŝƌĂďĂnjŝ ŐĂƌďŝ ƚdžŝŬŝĂŐŽĂ ůŽƌƚƵŬŽ ůƵŬĞĞůĂ ĚŝĚĂƐ ĂƌƌƵŶƚĞŶ ďŝƚĂƌƚĞnj͕ ĚŝĚĂƐ ŽƐƚŽŶϮϬ
ĞĚŝnjŝŽŵƵŐĂƚƵĂƌĞŶƐĂůŵĞŶƚĂƌĞŶďŝƚĂƌƚĞnjůŽƌƚƵŬŽůƵŬĞĞŶĂďĂŝŶŽ͘
ĐͿ ĚŝĚĂƐĞŬ ŝƌĂďĂnjŝ ŐĂƌďŝ ŚĂŶĚŝĂŐŽĂ ůŽƌƚƵŬŽ ůƵŬĞĞůĂ ĚŝĚĂƐ ĂƌƌƵŶƚĞŶ ďŝƚĂƌƚĞnj͕ ĚŝĚĂƐ ŽƐƚŽŶϮϬ
ĞĚŝnjŝŽŵƵŐĂƚƵĂƌĞŶƐĂůŵĞŶƚĂƌĞŶďŝƚĂƌƚĞnjůŽƌƚƵŬŽůƵŬĞĞŶĂďĂŝŶŽ͘
ĚͿĚŝĚĂƐĞŬŐĂůĞƌĂŬŝnjĂŶŐŽůŝƚƵnjŬĞĞůĂŽƐƚŽŶϮϬĚŝĚĂƐĞŶƐĂůŵĞŶƚĂƌĞŶďŝƚĂƌƚĞnj͘
ĞͿnjĚƵŐƵĚĂƚƵŶĂŚŝŬŽƌŝŬĞƌĂŶƚnjƵŶĂŚĂůŝnjĂƚĞŬŽ͘

/<<^h;ϴͲϭϬ'>Z<ZEdhd<K>/'ZZ/EEhEd/dhͿ

ϴ͘Ͳ/<ŬŚŝƌŝŚĂŶĚŝĞƚĂŬŽnjĞŶƚƌŽĞƚĂŶĚĞŶĚĂƚdžŝŬŝĂŐŽĂŬĞƚĂĞƐŬƵƌĂŐĂƌƌŝĂŐŽĂŬŝƌĞŬŝƚnjĞŬŽĂƉŽƐƚƵĂ
ĞŐŝŶĚƵ͘/njĂŶĞƌĞ͕ŵĂŝĂƚnjĂƌĞŶϲĂŶ͕ĞƌƌĂůĚŽŝƐƵĞĚŝĂƌƌĂŬďĞƌĞůĞŚĞŶĞŶŐŽŽŶĐĞƉƚƐƚŽƌĞĂŝƌĞŬŝďĞƌƌŝ
ĚƵ͘ /njĂƚĞnj͕ WĂƌŝƐĞŬŽĂ ŝnjĂŶ ĚĂ /<Ŭ ŝƌĞŬŝ ĚƵĞŶ ŵŽƚĂ ŚŽŶĞƚĂŬŽ ůĞŚĞŶ ĞƐƚĂďůĞnjŝŵĞŶĚƵĂ͘ ,Žƌŝ
ũĂŬŝŶĚĂ͕ĞƐĂŶĚĞnjĂŬĞŐƵĞƐƚƌĂƚĞŐŝĂŚŽŶĞŶďŝƚĂƌƚĞnj/<Ŭ͗
ĂͿďĂŶĂŬĞƚĂͲŬĂŶĂůŵŽƚnjĂŐŽĂŬĞƌĂďŝůƚnjĞŬŽũŽĞƌĂŚĂƌƚƵĚƵĞůĂ͘
ďͿďĞƌĞďĂŶĂŬĞƚĂͲůŽŐŝƐƚŝŬĂƐŝƐƚĞŵĂĂůĚĂƚƵďĞŚĂƌŝnjĂŶŐŽĚƵĞůĂ͘
ĐͿďĂŶĂŬĞƚĂͲƐŝƐƚĞŵĂĂůĚĂƚƵĚƵĞůĂ͕ďĂŶĂŬĞƚĂͲƐŝƐƚĞŵĂŝŶƚĞŶƚƐŝďŽƚŝŬĞƐŬůƵƐŝďŽƌĂƉĂƐĂƚƵnj͘
ĚͿŬĂŶĂůĞŬŽŵĂŝůĞŶŬŽƉƵƌƵĂĂůĚĂƚƵĚƵĞůĂ͘

 ϭϴϰ
DZ<d/ED/yZEK/EZZ/W>/<dh<͘<KEdWdhE'ZWEZ'K</dhd<KDdZ/>

ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

ϵ͘Ͳ/<ŬWĂƌŝƐĞŬŽ>ĂDĂĚĞůĞŝŶĞŵĞƚƌŽͲŐĞůƚŽŬŝĂĂůƚnjĂƌŝnjŚŽƌŶŝƚƵĚƵ͘,ŽƌƌĞůĂ͕/<ŬŽŝŚĂƌƚnjƵŶĂ
ĞŵĂŶŶĂŚŝĚŝŽŚŝƌŝŐƵŶĞĞƚĂŶŝƌĞŬŝŬŽĚŝƚƵĞŶĚĞŶĚĂƚdžŝŬŝĂŐŽĞŶĞƐƚƌĂƚĞŐŝĂďĞƌƌŝĂƌŝ͘<ĂƐƵŚŽŶĞƚĂŶ͕
ĞŬŝŵĞŶ ŚŽŶĞŶ ďŝƚĂƌƚĞnj͕ ŵĞƚƌŽͲŐĞůƚŽŬŝ ŚŽŶĞƚĂƚŝŬ ŐĞƌƚƵ ŝƌĞŬŝ ďĞƌƌŝ ĚƵĞŶ ŚŝƌŝŐƵŶĞŬŽ ůĞŚĞŶĞŶŐŽ
ĚĞŶĚĂŝƌĂŐĂƌƌŝŶĂŚŝĚƵ͘ĚŝĞƌĂnjĞnjĂnjƵnjĞŝŶŵŽƚĂƚĂŬŽĂĚĞŶũĂƌĚƵĞƌĂŚĂƵ͗
ĂͿĂďĞƐůĞƚnjĂ͘
ďͿ^ĂůŵĞŶƚĂͲƐƵƐƚĂƉĞŶĂ͘
ĐͿƵnjĞŶĞŬŽŵĂƌŬĞƚŝŶĂ͘
ĚͿ^ĂůŵĞŶƚĂƉĞƌƚƐŽŶĂůĂ
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

ϭϬ͘Ͳ>ĂDĂĚĞůĞŝŶĞͲŬŽ/<ƌĞŶĚĞŶĚĂďĞƌƌŝĂƌĞŶďŝƚĂƌƚĞnj͕ŚŝƌŝŐƵŶĞĂŶďŝnjŝĚŝƌĞŶŬŽŶƚƐƵŵŝƚnjĂŝůĞĞŝ
ĂƵŬĞƌĂďĞƌƌŝĂŬĞŵĂŶŶĂŚŝĚŝnjŬŝĞ/<Ŭ͕ďĞƌĞnjŝŬŝĂƵƚŽƌŝŬĞnjĚƵƚĞŶŚŽƌŝĞŝ͘ƐĂŶĚĞnjĂŬĞŐƵ͕ďĞƌĂnj͗
ĂͿ/<ŬďĂŶĂŬĞƚĂͲŬĂŶĂůĞŬŽŵĂŝůĂŬƚdžŝŬŝĂŐŽƚƵĚŝƚƵĞůĂ͘
ďͿ/<ŬĂŶĂůďŝŬŽŝƚnjĞŬŽďĂŶĂŬĞƚĂͲƐŝƐƚĞŵĂƐƵƐƚĂƚnjĞŶĂƌŝĚĞůĂ͘
ĐͿ/<ŬŬŽŶƚƐƵŵŝƚnjĂŝůĞĞŶďĞŚĂƌƌĞŶĂŶĂůŝƐŝĂĞŐŝƚĞŬŽĞƚĂĞƐŬĂŝŶƚnjĂĞŐŽŬŝƚnjĞŬŽĂƐŵŽĂŝnjĂŶĚƵĞůĂ͘
ĚͿ/<ŬďĂŶĂŬĞƚĂͲďŝƚĂƌƚĞŬĂƌŝŬĂŶƚŝƚĂƚĞĂŚĂŶĚŝƚƵĚƵĞůĂ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

ϭϭ͘Ͳ ŝnjŝƚnjĂͲnjŝŬůŽŬŽ ŵĞƌŬĂƚĂƌŝƚnjĂͲĞƐƚƌĂƚĞŐŝĞŝ ĚĂŐŽŬŝĞŶĞnj͕ ŬŽŶƚƐƵŵŽ ŚĂŶĚŝŬŽ ƉƌŽĚƵŬƚƵĞŶƚnjĂƚ͕
ŚĂŝĞŶŚĂnjŬƵŶĚĞͲĨĂƐĞƌĂŬŽ͕njĞƌĂŐŽŵĞŶĚĂƚnjĞŶĚĂ͗
ĂͿ<ĂŶĂůŵŽƚnjĂŐŽĂŬĞƌĂďŝůƚnjĞĂ͘
ďͿƵnjĞŶĞŬŽŬĂŶĂůĂŬĞƌĂďŝůƚnjĞĂ͘
ĐͿĞŚĂƌŬĂŬŽŬĂŶĂůĂŬĞƌĂďŝůƚnjĞĂ͘
ĚͿĂŶĂŬĞƚĂĞƐŬůƵƐŝďŽŬŽŬĂŶĂůĂŬĞƌĂďŝůƚnjĞĂ͘
ĞͿĂŶĂŬĞƚĂŝŶƚĞŶƚƐŝďŽĂĞƌĂďŝůƚnjĞĂ͘

ϭϮ͘Ͳ,ŽŶĂŬŽďĂŝĞnjƚĂƉĞŶŚĂƵĞƚĂƚŝŬ͕njĞŝŶĚĂnjƵnjĞŶĂ͍
ĂͿŶƉƌĞƐĂďĂƚĞŶƉƌŽĚƵŬƚƵͲůĞƌƌŽŬŽƉƵƌƵĂŬďĞƌĞnjŽƌƌŽĂƌĞŶnjĂďĂůƚĂƐƵŶĂnjĞŚĂnjƚĞŶĚƵ͘
ďͿŶƉƌĞƐĂďĂƚĞŶƉƌŽĚƵŬƚƵͲůĞƌƌŽŬŽƉƵƌƵĂŬďĞƌĞnjŽƌƌŽĂƌĞŶƐĂŬŽŶƚĂƐƵŶĂnjĞŚĂnjƚĞŶĚƵ͘
ĐͿŶƉƌĞƐĂďĂƚĞŶƉƌŽĚƵŬƚƵͲůĞƌƌŽŬŽƉƵƌƵĂŬďĞƌĞůƵnjĞƌĂnjĞŚĂnjƚĞŶĚƵ͘
ĚͿŶƉƌĞƐĂďĂƚĞŶƉƌŽĚƵŬƚƵͲůĞƌƌŽĂƌĞŶĞƌƌĞĨĞƌĞŶƚnjŝĂŬŽƉƵƌƵĂŬďĞƌĞnjŽƌƌŽĂƌĞŶnjĂďĂůƚĂƐƵŶĂnjĞŚĂnjƚĞŶ
ĚƵ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

ϭϯ͘ / ĞƌĂďŝůƉĞŶ ďĂŬĂƌƌĞŬŽ ďŽůŝŐƌĂĨŽĂŬ ŵĞƌŬĂƚƵƌĂƚnjĞŶ ŚĂƐŝ njĞŶ͘ 'ĞƌŽĂŐŽ͕ ŵĂƌŬĂ ďĞƌĚŝŶĂ
ĞƌĂďŝůŝnjƉƌŽĚƵŬƚƵďĞƌƌŝĂŬŵĞƌŬĂƚƵƌĂƚƵnjŝƚƵĞŶ͕ŚĂŝĞŬŐƵnjƚŝĂŬƉƌĞnjŝŽďĂdžƵŬŽĂŬĞƚĂďĞŚŝŶĞƌĂďŝůŝ
ĞƚĂďŽƚĂƚnjĞŬŽŵŽĚƵŬŽĂŬ;ďŝnjĂƌƌĂŵŽnjƚĞŬŽďŝnjĂƌͲdžĂĨůĂŬ͕ĞĚŽƉŝnjŐĂŝůƵĂŬ͕ďĞƐƚĞďĂƚnjƵĞŶĂƌƚĞĂŶͿ͘
DĂƌŬĂŚŽŶĞŬŝŶũĂƌƌĂŝƚƵƚĂŬŽĞƐƚƌĂƚĞŐŝĂƌŝŝnjĞŶŚĂƵĞŵĂƚĞŶnjĂŝŽ͗
ĂͿDĂƌŬĂĂŶŝƚnjĂ͘
ďͿDĂƌŬĂͲůƵnjĂƉĞŶĂ͘
ĐͿDĂƌŬĂďĞƌƌŝĂ͘
ĚͿ>ĞƌƌŽͲůƵnjĂƉĞŶĂ͘
ĞͿĂŶĂƚnjĂŝůĞĂƌĞŶŵĂƌŬĂ͘

ϭϰ͘ͲĞƌďŝƚnjƵͲŵĂƌŬĞƚŝŶĂƌĞŶĞƐƉĂƌƌƵĂŶ͕ŚŽŶĂŬŽďĂŝĞnjƚĂƉĞŶŚĂƵĞŶĂƌƚĞĂŶnjĞŝŶĚĂďĞŶĞƚĂŬŽĂ͗
ĂͿ,ĞƚĞƌŽŐĞŶĞŽƚĂƐƵŶĂĞƚĂƵŬŝĞnjŝŶƚĂƐƵŶĂnjĞƌďŝƚnjƵĞŶĞnjĂƵŐĂƌƌŝŶĂŐƵƐŝĞƚĂŬŽďŝĚŝƌĂ͘

 ϭϴϱ
DZ<d/ED/yZEK/EZZ/W>/<dh<͘<KEdWdhE'ZWEZ'K</dhd<KDdZ/>

ďͿ ĞƌďŝƚnjƵͲŵĂƌŬĞƚŝŶĂŬ ďĂƌŶĞŬŽ ŵĂƌŬĞƚŝŶĂƌĞŶ ĞƚĂ ŵĂƌŬĞƚŝŶ ŝŶƚĞƌĂŬƚŝďŽĂƌĞŶ ŐĂƌĂƉĞŶĂ ũŽƌƌĂƚƵ

ďĞŚĂƌĚŝƚƵ͘
ĐͿ^ĞŬƚŽƌĞũĂŬŝŶďĂƚnjƵĞƚĂŶ͕ƵƌƚĂƌŽŬŽƚĂƐƵŶĂƐĂŝŚĞƐƚĞŬŽ͕ŽŚŝŬŽĂŬĚŝƌĂƉƌĞnjŝŽĞŶĚŝƐŬƌŝŵŝŶĂnjŝŽĂŬ͘
ĚͿĞƌďŝƚnjƵĞŶďĂŶĂĞnjŝŶƚĂƐƵŶĂƌĞŶĞnjĂƵŐĂƌƌŝĂnjĞƌďŝƚnjƵĞŶĞŬŽŝnjƉĞŶĂĚĞůĂ͕ŬŽŶƚƐƵŵŽĂƌĞŬŝŶĞůŬĂƌƚƵƚĂ
ĚŽĂůĂ͕ĞƚĂďŝĂŬĂůĚŝďĞƌĞŬŽĂŬĚŝƌĞůĂĂĚŝĞƌĂnjƚĞŶĚƵ͘
ĞͿƵƌƌĞŬŽŐƵnjƚŝĂŬ͘

ϭϱ͘ͲĂŶŽŶĞ͕K/<K^ŵĂƌŬĂƌĞŬŝŶ͕LJŽŐƵƌƚŐƌĞnjŝĂƌƌĂƌĞŶnjĂƉŽƌĞͲĂƵŬĞƌĂŚĂŶĚŝĂŐŽĂĞƐŬĂŝŶƚnjĞŶĂƌŝĚĂ͘
ĂƉŽƌĞ ŶĂƚƵƌĂů ƚƌĂĚŝnjŝŽŶĂůĂƌĞŬŝŶ ďĂƚĞƌĂ͕ ŽƌĂŝŶƚƐƵ͕ ůŝŵŽŝ͕ ŬĂƌĂŵĞůŽ ĞƚĂ ƐĂŐĂƌ njĂƉŽƌĞĂŬ ĞƌĞ
ĞƐŬĂŝŶƚnjĞŶĚŝƚƵ͘
ĂƉŽƌĞ ďĞƌƌŝĂŬ ŵĞƌŬĂƚƵƌĂƚnjĞŬŽ ĂŶŽŶĞŬ ŚĂƌƚƵƚĂŬŽ ĞƌĂďĂŬŝ ŚŽŶĞŬ ĞƌĂŐŝŶĂ ŝnjĂŶ ĚƵ ďĞƌĞ
ƉƌŽĚƵŬƚƵƐŽƌƚĂƌĞŶŚŽŶĂŬŽĚŝŵĞŶƚƐŝŽŚĂƵĞƚĂŶ͗
ĂͿŽƌƌŽĂƌĞŶnjĂďĂůĞƌĂ͘
ďͿ>ĞƌƌŽĂƌĞŶƐĂŬŽŶƚĂƐƵŶĂ͘
ĐͿŽƌƌŽĂƌĞŶůƵnjĞƌĂ͘
ĚͿƵƌƌĞŬŽŐƵnjƚŝĂŬ͘
ĞͿďĞƚĂĐĞƌĂŶƚnjƵŶĂŬ͘

ϭϲ͘ͲƚdžĞŐŝŶƚnjĂͲƐĞŬƚŽƌĞĂŶĚŝƐĞŝŶƵͲĂŚŽůŬƵůĂƌŝƚnjĂĞƚĂĞƌƌĞĨŽƌŵĂŬĞŐŝƚĞŶĚŝƚƵĞŶĞŶƉƌĞƐĂďĂƚďĞƌĞ
ŶĞŐŽnjŝŽĂƌĞŶƚnjĂƚŵĂƌŬĂͲŝnjĞŶĂƉĞŶƚƐĂƚnjĞŶĂƌŝĚĂ͘ŚŽůŬƵĂĞƐŬĂƚƵĚŝnjƵ͕ĞƚĂnjƵƌĞŐŽŵĞŶĚŝŽĂŚĂƵdžĞ
ŝnjĂŶĚĂ͗ͨdy<Kͩ͘DĂƌŬĂͲŝnjĞŶŚŽƌƌĞŶŝnjĂĞƌĂŚĂƵdžĞĚĞůĂĞƐĂŶĚĂŝƚĞŬĞ͗
ĂͿDĂƌŬĂͲůƵnjĂƉĞŶĂƌĞŶĞŵĂŝƚnjĂ͘
ďͿDĂƌŬĂĂŶŝƚnjĞŬŽĞƐƚƌĂƚĞŐŝĂƌĞŶĞŵĂŝƚnjĂ͘
ĐͿ>ĞƌƌŽͲůƵnjĂƉĞŶĂƌĞŶĞŵĂŝƚnjĂ͘
ĚͿDĂƌŬĂŽƌŽŝƚĂƌĂnjůĞĂĚĂ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj

ϭϳ͘ͲWƌŽĚƵŬƚƵďĞƌƌŝĂŬŵĞƌŬĂƚƵĂŶĂƌŝŶƐĂƌƚnjĞŬŽƉƌĞnjŝŽͲĞnjĂƌƉĞŶĂƌĞŶĞƐƚƌĂƚĞŐŝĂ͗
ĂͿ KŝŶĂƌƌŝnjŬŽ ƉƌŽĚƵŬƚƵĂƌĞŶƚnjĂŬŽ ĞƌƌĞĨĞƌĞŶƚnjŝĂnjŬŽ ƉƌĞnjŝŽĂ ũĂƌƚnjĞĂŶ ĚĂƚnjĂ͕ ĞƚĂ͕ ĞƐŬĂŝŶƚnjĞŶ ĚŝƌĞŶ
ĨƵŶƚnjŝŽŐĞŚŝĂŐĂƌƌŝĞŶĂƌĂďĞƌĂ͕ŚĂŶĚŝƚnjĞŶũŽĂƚĞĂ͘
ďͿ WƌŽĚƵŬƚƵ ďĞƌƌŝĂƌŝ ŚĂƐŝĞƌĂŬŽ ƉƌĞnjŝŽ ĂůƚƵĂ ũĂƌƚnjĞĂŶ ĚĂƚnjĂ͕ ŚŽƌƌĞůĂ͕ ŵĞƌŬĂƚƵŬŽ ĂnjƉŝƚĂůĚĞ ĞĚŽ
ƐĞŐŵĞŶƚƵďĂŬŽŝƚnjĂƌĞŶƐĂƌƌĞƌĂŬŵĂdžŝŵŝnjĂƚnjĞŬŽ͘
ĐͿ,ĂƐŝĞƌĂŶƉƌĞnjŝŽďĂdžƵĂŬĞnjĂƌƚnjĞĂŶĚĂƚnjĂ͕ŚŽƌƌĞůĂ͕ŬŽŶƚƐƵŵŝƚnjĂŝůĞŬŽƉƵƌƵŚĂŶĚŝĂĞƌĂŬĂƌƚnjĞŬŽ͘
ĚͿ ^ĂůŵĞŶƚĞŶ njĞŶďĂƚĞŬŽ ďĂdžƵĂ ƐŽƌƚnjĞŶ ĚƵ ƉƌŽĚƵŬƚƵĂƌĞŶ ƐĂƌƌĞƌĂŶ͕ ďĂŝŶĂ ƐĂůŵĞŶƚĂ ďĂŬŽŝƚnjĞŬŽ
ŵŽnjŬŝŶĞŶŵĂŝůĂĂůƚƵĂĚĂ͘
ĞͿĞŶďĂƚĞƚĂŚĂŶĚŝĂŐŽĂŬŝnjĂŶƐĂůŵĞŶƚĂͲƵŶŝƚĂƚĞďĂŬŽŝƚnjĞŬŽŵĂƌũŝŶĂŬ͕ĞƌĂŐŝŶŬŽƌƌĂŐŽĂŝnjĂŶŐŽĚĂ
ĞƐƚƌĂƚĞŐŝĂŚĂƵ͘

ϭϴ͘ͲEĞƐƉƌĞƐƐŽŬŝƌĂƵůƚnjĂĞŬĂƌƌŝĚƵŬĂĨĞͲŵƵŶĚƵĂŶ͘/njĂŶĞƌĞ͕ďĞƌĂŝnjĂŶnjĞŶĂŝƚnjŝŶĚĂƌŝŬĂƉƐƵůĞƚĂŶ
ŵĞƌŬĂƚƵƌĂƚnjĞŶ ĚĞŶ ůƵdžƵnjŬŽ ŬĂĨĞĂƌĞŶ ŵĞƌŬĂƚƵĂŶ͘ ĞnjĞƌŽĂŬ E^WZ^^KƌĞŶ ŵĂŬŝŶĞƚĂŶ ƉƌĞƐƚĂ
ĚĞnjĂŬĞ ŬĂĨĞĂ ŬŽŶƚƐƵŵŽ ďĂŬĂƌƌĞŬŽ ŬĂƉƐƵůĂ ŚŽƌŝĞŬ ĞƌĂďŝůŝƚĂ͘ <ĂƉƐƵůĂ ŚŽƌŝĞŶ ƉƌĞnjŝŽĂ͕ ŽŚŝŬŽ
ŬĂĨĞĂƌĞŬŝŶ ĂůĚĞƌĂƚƵnj͕ ĚĞnjĞŶƚĞ ĂůƚƵĂŐŽĂ ĚĂ͘ /ŶĨŽƌŵĂnjŝŽ ŚŽƌŝ ĞnjĂŐƵƚƵƚĂ͕ ĞƐĂŶ njĞŝŶ ŝnjĂŶ ĚĞŶ
EĞƐƉƌĞƐƐŽŬŬĂƉƐƵůĞŶŬĂƐƵƌĂŬŽĞƌĂďŝůŝĚƵĞŶƉƌĞnjŝŽͲĞƐƚƌĂƚĞŐŝĂ͗
ĂͿWƌŽĚƵŬƚƵͲůĞƌƌŽĞŶƚnjĂŬŽƉƌĞnjŝŽͲĞnjĂƌƉĞŶĂ͘
ďͿƵŬĞƌĂnjŬŽƉƌŽĚƵŬƚƵĞŶŐĂƚŝŬŽƉƌĞnjŝŽͲĞnjĂƌƉĞŶĂ͘
ĐͿWƌŽĚƵŬƚƵŐĂƚŝďƵĞŶƚnjĂŬŽƉƌĞnjŝŽͲĞnjĂƌƉĞŶĂ͘
ĚͿnjƉŝƉƌŽĚƵŬƚƵĞŶƚnjĂŬŽƉƌĞnjŝŽͲĞnjĂƌƉĞŶĂ͘
ĞͿWƌŽĚƵŬƚƵͲƉĂŬĞƚĞĞƚĂƌĂŬŽƉƌĞnjŝŽͲĞnjĂƌƉĞŶĂ͘


 ϭϴϲ
DZ<d/ED/yZEK/EZZ/W>/<dh<͘<KEdWdhE'ZWEZ'K</dhd<KDdZ/>

ϭϵ͘ͲWƌŽĚƵŬƚƵďĂƚĞŶƉƌĞnjŝŽͲĞnjĂƌƉĞŶĂ;ŬͿ͗
ĂͿůĞŚĞŶŐĂŝĞŶƐĂůŵĞŶƚĂŶĞƌĂŐŝŶƚdžŝŬŝĞŶĂĚƵĞŶŵĞƌŬĂƚĂƌŝƚnjĂͲĂůĚĂŐĂŝĂĚĂ͘
ďͿDĂƌŬĞƚŝŶͲŵŝdžĂƌĞŶĞůĞŵĞŶƚƵŵĂůŐƵĞŶĞƚĂŬŽĂĚĂ͘
ĐͿŬŽƐƚƵĂƌĞŶĞƌĂďĂŬŝͲŵĞƚŽĚŽĂƌŝũĂƌƌĂŝƚƵnjĞnjĂƌƌŝďĞŚĂƌĚĂ͕ĞŐŝŶĚĂŬŽŝŶďĞƌƚƐŝŽĂďĞƌƌĞƐŬƵƌĂƚnjĞĂ
ĂŚĂůďŝĚĞƚnjĞŶĚƵƚĞŶŵĂƌũŝŶĂŬŐĂŝŶĞƌĂƚƵnj͘
ĚͿĂƵŬĞƌĂĞŵĂŶďĞŚĂƌĚƵĞƉĞŵŽƚnjĞƌĂŬŽŵŽnjŬŝŶĂƌĞŶŵĂdžŝŵŝnjĂnjŝŽĂƌĞŶŚĞůďƵƌƵĂůŽƌƚnjĞŬŽ͘
ĞͿĞƌĂŐŝŶďĞƌĂĚƵƐĞŬƚŽƌĞďĞƌĞŬŽƉƌŽĚƵŬƚƵŐƵnjƚŝĞŶŐĂŝŶ͘

ϮϬ͘Ͳ,ŽŶĂŬŽŵĞƌŬĂƚĂƌŝƚnjĂͲĨŽƌŵĂƚƵŚĂƵĞŶĂƌƚĞĂŶ͕njĞŝŶĞŬĚƵŚĂŶĚŝnjŬĂƌŝďĂƚ͍
ĂͿƚdžĞnjĞƚdžĞůĂƌƌŝĂůĚŝͲĂƌƌĞƚĂnjĞƌďŝƚnjƵĞƚĂŬŽŚŽƌŶŝƚnjĂŝůĞŵƵůƚŝŶĂnjŝŽŶĂůĂ͘
ďͿ<ŽŵĞŶŝĞŶƚnjŝĂnjŬŽĚĞŶĚĂďĂƚ͘
ĐͿ EŽƌďĞƌĂƌĞŶĂŬ Ğnj ĚŝƌĞŶ ďĞƐƚĞ ƐƵƉĞƌŵĞƌŬĂƚƵĞŶ ďŝƚĂƌƚĞnj ĞůŝŬĂŐĂŝ ƉƌŽnjĞƐĂƚƵĂŬ ƐĂůƚnjĞŶ ĚŝƚƵĞŶ
ďĂŶĂƚnjĂŝůĞĂ͘
ĚͿƵƚŽĨĂďƌŝŬĂƚnjĂŝůĞďĂƚĞŶƚnjĂŬŽƉŶĞƵŵĂƚŝŬŽͲŚŽƌŶŝƚnjĂŝůĞďĂƚ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

Ϯϭ͘Ͳ,ŽƌŶŝŬƵŶƚnjĂͲŬĂƚĞĂƌĞŶŬƵĚĞĂŬĞƚĂ;ŬͿ͗
ĂͿďĞnjĞƌŽĂƌĞŶĂůĚĞƚŝŬŝnjĂƚĞŶĚĞŶƉƌŽĚƵŬƚƵĂƐŽƌƚnjĞŬŽƉƌŽnjĞƐƵĂ͘
ďͿ ĂnjŬĞŶ ŬŽŶƚƐƵŵŝƚnjĂŝůĞĞŶ ĂƵƚŽŚŽƌŶŝŬƵŶƚnjĂƌĂŬŽ ŶĞŬĂnjĂƌŝƚnjĂͲĞŬŽŝnjƉĞŶĂ ďĂƌŶĞƌĂƚnjĞŶ ĚƵ ;ŽƌƚƵĂ͕
ĂĚŝďŝĚĞnjͿ͘
ĐͿŬŽŶƚƵĂŶŚĂƌƚnjĞŶĚŝƚƵďĂƌŶĞŬŽŵĂƌŬĞƚŝŶĂ͕ŬĂŶƉŽŬŽŵĂƌŬĞƚŝŶĂĞƚĂŵĂƌŬĞƚŝŶŝŶƚĞƌĂŬƚŝďŽĂ͘
ĚͿ ŚŽƌŶŝĚƵƌĂƌĞŶ ĞƚĂ ƉƌŽĚƵŬƚƵĂƌĞŶ ĞŬŽŝnjƉĞŶĞƚŝŬ ĂnjŬĞŶĞŬŽ ďĞnjĞƌŽĂƌŝ ƉƌŽĚƵŬƚƵĂ ĞŵĂŶ ĂƌƚĞŬŽ
ƉƌŽnjĞƐƵĂĚĂ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

ϮϮ͘WƌŽĚƵŬƚƵďĂƚĞŶďĂŶĂŬĞƚĂnjƵnjĞŶĞĂŶďŝƚĂƌƚĞŬĂƌŝĂŬďĂƌŶĞƌĂƚnjĞĂŬnjĞƌĂĚĂŬĂƌ͗
ĂͿ&ĂďƌŝŬĂƚnjĂŝůĞĂƌĞŶĂůĚĞƚŝŬŝďŝůŐĞƚƵĂŶŝŶďĞƌƚƐŝŽŚĂŶĚŝĂŐŽĂĞŐŝƚĞŬŽďĞŚĂƌƌĂ͘
ďͿĂŶĂŬĞƚĂͲŬĂŶĂůĞĂŶŬŽŶƚƌŽůĂŐĂůƚnjĞĂ͘
ĐͿ&ĂďƌŝŬĂƚnjĂŝůĞĂƌĞŶĞƚĂŬŽŶƚƐƵŵŝƚnjĂŝůĞĞŶĂƌƚĞŬŽĞƌĂďĂƚĞŬŽƚƌĂŶƐĂŬnjŝŽŬŽƉƵƌƵĂŚĂŶĚŝĂŐŽƚnjĞĂ͘
ĚͿƵƌƌĞŬŽŐƵnjƚŝĂŬ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

Ϯϯ͘Ͳ njŬĞŶ ƵƌƚĞĞƚĂŶ njĞŚĂƌ͕ ĞŶƉƌĞƐĞŶ ŬŽŵƵŶŝŬĂnjŝŽͲĞƐƚƌĂƚĞŐŝĂŬ ďĂůĚŝŶƚnjĂƚƵ ĚŝƚƵnjƚĞŶ ďŝ ĨĂŬƚŽƌĞ
ĚĂƵĚĞ͕njĞŝŶĞŶĂƌĂďĞƌĂŬŽŵƵŶŝŬĂnjŝŽŐĞƌŽĞƚĂƐĞŐŵĞŶƚĂƚƵĂŐŽĂĞŐŝƚĞŶďĂŝƚĂ͗
ĂͿWƵďůŝnjŝƚĂƚĞĂƌĞŶƉƌĞnjŝŽĂŬŐĂƌĞƐƚŝƚnjĞĂĞƚĂŵĂƌŬĞŶĂƌƚĞŬŽŬŽŶƉĞƚĞŶƚnjŝĂŐĞƌŽĞƚĂŚĂŶĚŝĂŐŽĂ͘
ďͿDĞƌŬĂƚƵĂŬnjĂƚŝŬĂƚnjĞĂĞƚĂŝŶĨŽƌŵĂnjŝŽͲƚĞŬŶŽůŽŐŝĞŶďŝůĂŬĂĞƌĂ͘
ĐͿ<ŽŵƵŶŝŬĂnjŝŽͲĂŐĞŶƚnjŝĞŶĞƐƉĞnjŝĂůŝnjĂnjŝŽĂĞƚĂĞŶƉƌĞƐĞŬŬŽŵƵŶŝŬĂnjŝŽͲŬĂŶƉĂŝŶĂŬĞŐŝƚĞŬŽĚĂƵŬĂƚĞŶ
ĂƵƌƌĞŬŽŶƚƵĂŐĞŚŝƚnjĞĂ͘
ĚͿƵƌƌĞŬŽŐƵnjƚŝĂŬ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

Ϯϰ͘Ͳ <ŽŵƵŶŝŬĂnjŝŽͲĂŚĂůĞŐŝŶĂŬ ďĂŶĂƚnjĂŝůĞĞŶŐĂŶ njĞŶƚƌĂƚnjĞŶ ĚŝƚƵnjƚĞŶ ŬŽŵƵŶŝŬĂnjŝŽͲĞƐƚƌĂƚĞŐŝĞŝ
ŚŽƌƌĞůĂĚĞƌŝƚnjĞ͗
ĂͿĂůŝŽͲĞŵĂƚĞĞƐƚƌĂƚĞŐŝĂ͘
ďͿĂůŝŽͲŬĂƚĞĞƐƚƌĂƚĞŐŝĂ͘
ĐͿWƵƐŚĞƐƚƌĂƚĞŐŝĂ͘
ĚͿWƵůůĞƐƚƌĂƚĞŐŝĂ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘


 ϭϴϳ
DZ<d/ED/yZEK/EZZ/W>/<dh<͘<KEdWdhE'ZWEZ'K</dhd<KDdZ/>

Ϯϱ͘Ͳ ƉĞ ůƵnjĞƌĂŬŽ ŚĂƌƌĞŵĂŶĂŬ ŵĂŶƚĞŶƚnjĞŬŽ ĂƌƌĞƚĂnj ĂƵŬĞƌĂƚƵƚĂŬŽ ŬŽŶƚƐƵŵŝƚnjĂŝůĞ

ŝŶĚŝďŝĚƵĂůĞŬŝŬŽ njƵnjĞŶĞŬŽ ŬŽŶĞdžŝŽĂŬ ĞnjĂƌƚnjĞŶ ƐĂŝĂƚnjĞŶ ĚĞŶ ŬŽŵƵŶŝŬĂnjŝŽͲĞƌƌĞŵŝŶƚĂƌŝ ŝnjĞŶ ŚĂƵ
ĞŵĂƚĞŶnjĂŝŽ͗
ĂͿWƵďůŝnjŝƚĂƚĞĂ͘
ďͿĂďĞƐůĞƚnjĂ͘
ĐͿDĂƌŬĞƚŝŶnjƵnjĞŶĂ͘
ĚͿ^ĂůŵĞŶƚĂͲƐƵƐƚĂƉĞŶĂ͘
ĞͿ,ĂƌƌĞŵĂŶƉƵďůŝŬŽĂŬ͘

Ϯϲ͘Ͳ<ŽŵƵŶŝŬĂnjŝŽͲŵĞnjƵĂnjĂďĂůƚnjĞŬŽ͕ŶŽƌŵĂůĞĂŶ͕ĞŶƉƌĞƐĞŬĂƵŬĞƌĂƚƵŬŽĚŝƚƵnjƚĞŶŬĂŶĂůĂŬͬĞŬ͗
ĂͿƉĞƌƚƐŽŶĂůĂŬĞƚĂŬŽŶƚƌŽůĂŐĂƌƌŝĂŬŝnjĂŶŐŽĚŝƌĂ͕ƚĞůĞďŝƐƚĂĞĚŽŝƌƌĂƚŝĂďĞnjĂůĂŬŽĂŬ͕ŵĞnjƵĂŵĂƐŝďŽŬŝ
njĂďĂůƚnjĞĂŶĂŚŝĂŐŽĚƵƚĞŶĞĂŶ͘
ďͿ ŝŶƉĞƌƚƐŽŶĂůĂŬ ĞƚĂ ĞnjͲŬŽŶƚƌŽůĂŐĂƌƌŝĂŬ ŝnjĂŶŐŽ ĚŝƌĂ͕ ƉƌĞƐŬƌŝƉƚŽƌĞĞŝ ĞƚĂ ŝƌŝƚnjŝͲůŝĚĞƌƌĞŝ
njƵnjĞŶĚƵƚĂŬŽĂŬ͘
ĐͿŬĂŶĂůƉĞƌƚƐŽŶĂůĂŬĞƚĂĞnjͲŬŽŶƚƌŽůĂŐĂƌƌŝĂŬŝnjĂŶŐŽĚŝƌĂ͕ƉƌĞŶƚƐĂĞƚĂ/ŶƚĞƌŶĞƚďĞnjĂůĂŬŽĂŬ͘
ĚͿŵĞnjƵĂdžĞĚĞͲƉƵďůŝŬŽĂƌĞŶŐĂŶĂŝƌŝƐƚĞĂĂŚĂůďŝĚĞƚƵďĞŚĂƌĚƵƚĞ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

Ϯϳ͘ͲDĂƌũŝŶĂŐŽƌĚŝŶƵŶŝƚĂƌŝŽĂͨϬͩĚĞŶĞĂŶ͕ƉƵŶƚƵŚŝůĂŚŽŶĞůĂŬŽĂĚĂ͗
ĂͿWŽƐŝƚŝďŽĂ͘
ďͿEĞŐĂƚŝďŽĂ͘
ĐͿddžŝŬŝĂ͘
ĚͿ,ĂŶĚŝĂ
ĞͿnjĚĂŝŶŽŝnjŝƌŝƐƚĞŶƉƵŶƚƵŚŝůĞƌĂ͘

Ϯϴ͘Ͳ WƌŽĚƵŬƚƵ ďĂƚĞŶ ďĂŶĂŬĞƚĂͲŬĂŶĂůĞĂŶ ŚŝƌƵ ďŝƚĂƌƚĞŬĂƌŝŬ ƉĂƌƚĞ ŚĂƌƚnjĞŶ ĚƵƚĞ͘ ŝƚĂƌƚĞŬĂƌŝ
ďĂŬŽŝƚnjĂŬĞnjĂƌƚnjĞŶĚƵĞŶŵĂƌũŝŶĂйϭϱĞŬŽĂĚĂ;ďĞƌĂŬƉĂŐĂƚƵĚƵĞŶƉƌĞnjŝŽĂƌĞŶŐĂŝŶĞŬŽĂͿ͘ĂůĚŝŶ
ĞƚĂůĞŚĞŶďŝƚĂƌƚĞŬĂƌŝĂŬƉƌŽĚƵŬƚƵĂϴϬΦͲĂŶĞƌŽƐƚĞŶďĂĚƵ͕ĂnjŬĞŶƉƌĞnjŝŽĂŚĂƵŝnjĂŶŐŽůŝƚnjĂƚĞŬĞ͗
ĂͿϭϯϰ͕ϱϮΦ
ďͿϭϯϯ͕ϲϱΦ
ĐͿϭϮϭ͕ϲϳΦ
ĚͿϭϭϴ͕ϯϰΦ
ĞͿϵϴ͕ϭϰΦ

Ϯϵ͘Ͳ ;ƵƌƌĞŬŽ ĂƌŝŬĞƚĂƌĞŬŝŶ ũĂƌƌĂŝƚƵnjͿ͙ й ϭϱĞŬŽ ŵĂƌũŝŶĂ ƐĂůŵĞŶƚĂͲƉƌĞnjŝŽĂƌĞŶ ŐĂŝŶĞŬŽĂ ďĂůŝƚnj͕
ĂnjŬĞŶƉƌĞnjŝŽĂŚĂƵŝnjĂŶŐŽůŝƚnjĂƚĞŬĞ͗
ĂͿϭϮϮ͕ϱϲΦ
ďͿϭϯϬ͕ϮϳΦ
ĐͿϭϰϴ͕ϮϱΦ
ĚͿϭϱϯ͕ϰϲΦ
ĞͿϭϲϴ͕ϮϰΦ

ϯϬ͘Ͳ WƌŽĚƵŬƚƵĞŶ ŽŚŝŬŽ ƉƌĞnjŝŽĂƌĞŶ ĂnjƉŝƚŝŬŽ ĂůĚŝ ďĂƚĞƌĂŬŽ ƉƌĞnjŝŽͲĞƐůĞŝƉĞŶĂƌŝ ŝnjĞŶ ŚĂƵ ĞŵĂƚĞŶ
njĂŝŽ͗
ĂͿWƌĞnjŝŽƉƐŝŬŽůŽŐŝŬŽĂĨŝŶŬĂƚnjĞĂ͘
ďͿ>ŽƚĞĞŶŐĂƚŝŬŽƉƌĞnjŝŽͲĨŝŶŬĂƉĞŶĂ͘
ĐͿ^ĞŐŵĞŶƚĂƚƵƚĂŬŽƉƌĞnjŝŽĂĨŝŶŬĂƚnjĞĂ͘
ĚͿ>ĞŐĞĂŬĚĞďĞŬĂƚƵĞŐŝƚĞŶĚƵƉƌĂŬƚŝŬĂŚĂƵĞnjĂƌƚnjĞĂ͘
ĞͿ^ƵƐƚĂƉĞŶĞnjŬŽƉƌĞnjŝŽĂĨŝŶŬĂƚnjĞĂ͘

 ϭϴϴ
DZ<d/ED/yZEK/EZZ/W>/<dh<͘<KEdWdhE'ZWEZ'K</dhd<KDdZ/>


ϯϭ͘ƐĂŶŚŽŶĂŬŽďĂŝĞnjƚĂƉĞŶŚĂƵĞƚĂƚŝŬnjĞŝŶĚĞŶnjƵnjĞŶĂ͗
ĂͿ<ĂŶƉŽƌĂŶnjŬŽŵĂƌũŝŶĂŬĞnjĚŝƚƵŬŽƐƚƵĂŬŬŽŶƚƵĂŶŚĂƌƚnjĞŶ͘
ďͿ<ĂŶƉŽƌĂŶnjŬŽŵĂƌũŝŶĂŬĞnjĚŝƚƵŬŽƐƚƵĂůĚĂŬŽƌƌĂŬŬŽŶƚƵĂŶŚĂƌƚnjĞŶ͘
ĐͿDŽnjŬŝŶĞŝĞƚĂĞƌƌĞŶƚĂŐĂƌƌŝƚĂƐƵŶͲĂƚĂůĂƐĞĂƌŝĞnjĚŝŽƚĞƉƌĞnjŝŽĞŬĞƌĂŐŝƚĞŶ͕ŬŽƐƚƵĞŬƐŽŝůŝŬ͘
ĚͿ DĂƌũŝŶĂ ŐŽƌĚŝŶ ƵŶŝƚĂƌŝŽĂ ĞƚĂ ƉƵŶƚƵ ŚŝůĂ ďŝĚĞƌŬĂƚnjĞŶ ďĂĚŝƚƵŐƵ͕ ůŽƌƚnjĞŶ ĚƵŐƵŶ ĞŵĂŝƚnjĂ ŬŽƐƚƵ
ĨŝŶŬŽĂŬ;<dͿĚŝƌĂ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

ϯϮ͘ͲƵŬĞƌĂŬŽƉƌŽĚƵŬƚƵĞŶŐĂƚŝŬŽƉƌĞnjŝŽĂĞnjĂƌƚnjĞŬŽĞƐƚƌĂƚĞŐŝĂĚĂ͗
ĂͿ KŝŶĂƌƌŝnjŬŽ ƉƌŽĚƵŬƚƵĂƌŝ ƉƌĞnjŝŽĂ ĞnjĂƌƚnjĞĂ ĞƚĂ ƉƌŽĚƵŬƚƵĂƌĞŶ ĞnjĂƵŐĂƌƌŝ ŐĞŚŝŐĂƌƌŝĞŶƚnjĂŬŽ
ĂƵŬĞƌĂnjŬŽƉƌĞnjŝŽĂŬũĂƌƚnjĞĂ͘
ďͿWƌĞnjŝŽĂŬƉƌŽĚƵŬƚƵĞƚĂŬŽĞƚĂnjĞƌďŝƚnjƵĞƚĂŬŽͮŬŽŵƵŶĞƚĂŬŽƐŽƌƚĂďĞƚĞƌĂŬŽͮŽƐŽƌĂŬŽũĂƌƚnjĞĂ͘
ĐͿWƌŽĚƵŬƚƵĂƌĞŶƉƌĞnjŝĂŬďĞnjĞƌŽƚŝƉŽĚĞƐďĞƌĚŝŶĞŶĂƌƚĞĂŶďĂnjƚĞƌƚnjĞĂ͘
ĚͿůĚĞnjĂƵƌƌĞƚŝŬĨŝŶŬĂƚƵƚĂŬŽƉƌĞnjŝŽŝƚdžŝĂŶŚĂŝŶďĂƚƉƌŽĚƵŬƚƵĂůĚŝďĂƚĞƌĂĞƌŽƐƚĞŬŽĂƵŬĞƌĂĞŵĂƚĞĂ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

ϯϯ͘ͲͨdŽĚŽĂŝĞŶͩͬͨĞŶĂŚƵŶĞƌĂͩĚĞůĂŬŽĚĞŶĚĂƚdžŝŶĂƚĂƌƚdžŝŬŝďĂƚĞŬŚŽŶĂŬŽƉƌŽĚƵŬƚƵͲĂƵŬĞƌĂ
ŚĂƵĚƵ͗
ĂͿĂďĂůĂĞƚĂƐĂŬŽŶĂ͘
ďͿĂďĂůĂ͕ďĂŝŶĂƐĂŬŽŶƚĂƐƵŶŐƵƚdžŝŬŽĂ͘
ĐͿ^ĂŬŽŶĂ͕ďĂŝŶĂĞnjŽƐŽnjĂďĂůĂ͘
ĚͿĂďĂůĞƌĂĞƚĂƐĂŬŽŶƚĂƐƵŶŐƵƚdžŝŬŽĂ͘
ĞͿƵƌƌĞŬŽďĂƚĞƌĞĞnj͘

ϯϰ͘ͲWƵďůŝnjŝƚĂƚĞͲĂƵƌƌĞŬŽŶƚƵĂĞnjĂƌƚnjĞŬŽŵĞƚŽĚŽĞŐŽŬŝĞŶĂŚĂƵdžĞĚĂ͗
ĂͿůŽƌĨŝŶĂŶƚnjĂƌŝŽĂŶƐŽďĞƌĂŬŝŶĂƌĞŶĂŶĂůŝƐŝĂĚĂƌĂďŝůĞŶĂ͘
ďͿ>ĞŚŝĂŬŝĚĞĞŬĞŐŝƚĞŶĚƵƚĞŶŝŶďĞƌƚƐŝŽĂƌĞŶĂŶĂůŝƐŝĂĚĂƌĂďŝůĞŶĂ͘
ĐͿ>ŽƌƚƵƚĂŬŽƐĂůŵĞŶƚĞƚĂŶĂƌƌĞƚĂũĂƌƚnjĞŶĚƵĞŶĂnjĞŶďĂƚĞŬŽĂnjĞŚĂnjƚĞŬŽ͘
ĚͿ<ŽŵƵŶŝŬĂďŝĚĞŵĞƌŬĞĞŶĂŬĚĂƌĂďŝůƚnjĂŶĂ͘
ĞͿ<ŽŵƵŶŝŬĂnjŝŽͲŚĞůďƵƌƵĞŶĂƌĂďĞƌĂnjĞŚĂnjƚĞŶĚĞŶĂ͘

ϯϱ͘ͲWƵďůŝnjŝƚĂƚĞͲŬĂŶƉĂŝŶĂďĂƚĞŶŵĞnjƵĂĚŝƐĞŝŶĂƚnjĞƌĂŬŽĂŶ͕ŚĂƵdžĞĞŐŝŶďĞŚĂƌĚƵŐƵ͗
ĂͿůŽƌĨŝŶĂŶƚnjĂƌŝŽĂŶƐŽďĞƌĂŬŝŶĂƌĞŶĂŶĂůŝƐŝĂĞŐŝŶ͘
ďͿ>ĞŚŝĂŬŝĚĞĞŬĞŐŝƚĞŶĚƵƚĞŶŝŶďĞƌƚƐŝŽĂŬŝŬĞƌƚƵ͘
ĐͿ <ŽŵƵŶŝŬĂnjŝŽͲďŝĚĞĞŶ ĞƐƚĂůĚƵƌĂ͕ ĨƌĞŬƵĞŶƚnjŝĂ ĞƚĂ ŚĂŝĞŶ ŝŶƉĂŬƚƵĂ ŶĞƵƌƚƵ͕ ĞƚĂ ďŝĚĞ ĞƚĂ ĞƵƐŬĂƌƌŝ
ĞŐŽŬŝĂŬĂƵŬĞƌĂƚƵ͘
ĚͿĞƚŝĞƐŬĂŝŶƚnjĂƌĞŶĂƚĂůƉŽƐŝƚŝďŽĂŬĂĚŝĞƌĂnjŝ͕ĞƚĂŶĞŐĂƚŝďŽĂŬƐĂŝŚĞƐƚƵ͘
ĞͿDĞnjƵůĂďƵƌƌĂŬĞƌĂŝŬŝ͕ĞƚĂŬŽŵƵŶŝŬĂďŝĚĞŵĞƌŬĞĞŶĂŬĂƵŬĞƌĂƚƵ͘










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