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͞ƐƚŚĞŝŶĨƵƐŝŽŶŽĨŵĂƐƐŵĞĚŝĂŝŶĨŽƌŵĂƚŝŽŶŝŶƚŽĂƐŽĐŝĂůƐLJƐƚĞŵŝŶĐƌĞĂƐĞƐ͕
ƐĞŐŵĞŶƚƐŽĨƚŚĞƉŽƉƵůĂƚŝŽŶǁŝƚŚŚŝŐŚĞƌƐŽĐŝŽĞĐŽŶŽŵŝĐƐƚĂƚƵƐ;^^ͿƚĞŶĚƚŽ
ĂĐƋƵŝƌĞƚŚŝƐŝŶĨŽƌŵĂƚŝŽŶĂƚĂĨĂƐƚĞƌƌĂƚĞƚŚĂŶƚŚĞůŽǁĞƌƐƚĂƚƵƐƐĞŐŵĞŶƚƐ͕ƐŽƚŚĂƚ
ƚŚĞŐĂƉŝŶŬŶŽǁůĞĚŐĞďĞƚǁĞĞŶƚŚĞƐĞƐĞŐŵĞŶƚƐƚĞŶĚƐƚŽŝŶĐƌĞĂƐĞƌĂƚŚĞƌƚŚĂŶ
ĚĞĐƌĞĂƐĞ͘͟
WĞŽƉůĞǁŝƚŚ ŚŝŐŚĞƌƐŽĐŝŽĞĐŽŶŽŵŝĐƐƚĂƚƵƐ ;ĚĞĨŝŶĞĚƉĂƌƚůLJďLJĞĚƵĐĂƚŝŽŶĂů
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ĐŽŶƐƵŵŝŶŐŶĞǁƐ ĐŽŵƉĂƌĞĚƚŽƉĞŽƉůĞǁŝƚŚůŽǁĞƌƐŽĐŝŽĞĐŽŶŽŵŝĐƐƚĂƚƵƐ
dŚŝƐůĞĂĚƐƚŽĂ ĚŝǀŝƐŝŽŶŽĨƚǁŽŐƌŽƵƉƐ ͗ĂŐƌŽƵƉŽĨďĞƚƚĞƌ ͲĞĚƵĐĂƚĞĚ
ƉĞŽƉůĞǁŚŽŬŶŽǁŵŽƌĞĂďŽƵƚŵŽƐƚƚŚŝŶŐƐ ͕ĂŶĚƚŚŽƐĞǁŝƚŚůŽǁ
ĞĚƵĐĂƚŝŽŶǁŚŽŬŶŽǁůĞƐƐ
DĞĚŝĂŵŝŐŚƚŝŶĐƌĞĂƐĞƚŚĞŐĂƉ ďĞƚǁĞĞŶƉĞŽƉůĞǁŝƚŚŚŝŐŚĞƌĂŶĚ
ůŽǁĞƌƐŽĐŝŽĞĐŽŶŽŵŝĐƐƚĂƚƵƐපĺͻ
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ͻ<ŶŽǁůĞĚŐĞ'ĂƉdŚĞŽƌLJ ŽĨdŝĐŚĞŶŽƌ͕ŽŶŽŚƵĞĂŶĚKůŝĞŶ
&ƌŝĚĂLJ͕ϲ͘ĞĐĞŵďĞƌϮϬϭϵ ϭ͗ϯϮWD
͞ƐƚŚĞŝŶĨƵƐŝŽŶŽĨŵĂƐƐŵĞĚŝĂŝŶĨŽƌŵĂƚŝŽŶŝŶƚŽĂƐŽĐŝĂůƐLJƐƚĞŵŝŶĐƌĞĂƐĞƐ͕
ƐĞŐŵĞŶƚƐŽĨƚŚĞƉŽƉƵůĂƚŝŽŶǁŝƚŚŚŝŐŚĞƌƐŽĐŝŽĞĐŽŶŽŵŝĐƐƚĂƚƵƐ;^^ͿƚĞŶĚƚŽ
ĂĐƋƵŝƌĞƚŚŝƐŝŶĨŽƌŵĂƚŝŽŶĂƚĂĨĂƐƚĞƌƌĂƚĞƚŚĂŶƚŚĞůŽǁĞƌƐƚĂƚƵƐƐĞŐŵĞŶƚƐ͕ƐŽƚŚĂƚ
ƚŚĞŐĂƉŝŶŬŶŽǁůĞĚŐĞďĞƚǁĞĞŶƚŚĞƐĞƐĞŐŵĞŶƚƐƚĞŶĚƐƚŽŝŶĐƌĞĂƐĞƌĂƚŚĞƌƚŚĂŶ
ĚĞĐƌĞĂƐĞ͘͟
WĞŽƉůĞǁŝƚŚ ŚŝŐŚĞƌƐŽĐŝŽĞĐŽŶŽŵŝĐƐƚĂƚƵƐ ;ĚĞĨŝŶĞĚƉĂƌƚůLJďLJĞĚƵĐĂƚŝŽŶĂů
ůĞǀĞůͿƚĞŶĚƚŽŚĂǀĞĂ ďĞƚƚĞƌĂďŝůŝƚLJƚŽĂĐƋƵŝƌĞŝŶĨŽƌŵĂƚŝŽŶǁŚĞŶ
ĐŽŶƐƵŵŝŶŐŶĞǁƐ ĐŽŵƉĂƌĞĚƚŽƉĞŽƉůĞǁŝƚŚůŽǁĞƌƐŽĐŝŽĞĐŽŶŽŵŝĐƐƚĂƚƵƐ
dŚŝƐůĞĂĚƐƚŽĂ ĚŝǀŝƐŝŽŶŽĨƚǁŽŐƌŽƵƉƐ ͗ĂŐƌŽƵƉŽĨďĞƚƚĞƌ ͲĞĚƵĐĂƚĞĚ
ƉĞŽƉůĞǁŚŽŬŶŽǁŵŽƌĞĂďŽƵƚŵŽƐƚƚŚŝŶŐƐ ͕ĂŶĚƚŚŽƐĞǁŝƚŚůŽǁ
ĞĚƵĐĂƚŝŽŶǁŚŽŬŶŽǁůĞƐƐ
DĞĚŝĂŵŝŐŚƚŝŶĐƌĞĂƐĞƚŚĞŐĂƉ ďĞƚǁĞĞŶƉĞŽƉůĞǁŝƚŚŚŝŐŚĞƌĂŶĚ
ůŽǁĞƌƐŽĐŝŽĞĐŽŶŽŵŝĐƐƚĂƚƵƐපĺͻ
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ͻ<ŶŽǁůĞĚŐĞ'ĂƉdŚĞŽƌLJ ŽĨdŝĐŚĞŶŽƌ͕ŽŶŽŚƵĞĂŶĚKůŝĞŶ
&ƌŝĚĂLJ͕ϲ͘ĞĐĞŵďĞƌϮϬϭϵ ϭ͗ϯϮWD