Gestion des eaux de surface sur le site minier (EXP, 2019)

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H357755 Volume 3 - Annexes

H357755-00000-123-066-0003, Rév. 0, Vol. 3 – Annexe XII

Gestion des eaux de surface sur le site minier (EXP, 2019)

(Documents Hatch : E357755-EXP-228-230-0003 et E357755-EXP-228-230-0005)

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c:\fanette vignot\février\18-02\exp summary reports - ref a classer\e357755-exp-228-230-0003_sub001.docx i

Neotec Lithium-Québec

Moblan Lithium mine site: Site Surface Water Management

Executive Summary

Projet n° : GAT-000247883-10

Prepared by : Les Services EXP inc.

1000, avenue Sainte-Charles, 10^e étage, bureau 1008 Vaudreuil-Dorion (Québec) J7V 8P5

Tél. : 450.455.6119 Téléc. : 450.455.6388 www.exp.com

Préparé par :

________________________________________

Hui Wang, ing., M.ing.

N° O.I.Q. : 124716

Validé par :

________________________________________

Julie Beausejour, ing, PhD N° O.I.Q. : 128411 Date : 2019-02-12

E357755-EXP-228-230-0003_Sub001

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The study is based on information provided by other consultants retained by Neotech Lithium-Québec, namely,

- Process plant global water balance flowchart from DRA-METCHEM;

- Sizing of the hydraulic retention pond at the process plant site from DRA-METCHEM;

- General site layout and preliminary design of the TSF from Exp geotechnical team;

- Preliminary results of groundwater modeling from Exp geotechnical team

The main opjective of the prefeasibility study is to propose potential sources of water supply for the process plant and to identify points of discharges to the environment, based on “Directive 019” for Mining and the “Guide for stormwater management” from the Quebec Ministry of Environment. More specifically, water balance analysis is performed on the Tailing Storage Facility (TSF) reclaim pond, the process plant retention pond as well as the natural ponds P1 and P2, as there have been preliminarily identified as the potential water supply sources.

In a mine site, surface runoffs can be divided in two categories: Contaminated and non-contaminated. The design of the non-contaminated runoff drainage systems should respect the requirements and follow the recommendations in “Guide de gestion des eaux pluviales”. The design of the contaminated runoff drainage systems should respect the requirements of “Directive 019 sur l’industrie manière”.

According to Directive 019, a retention pond must be provided for contaminated runoffs. The volume of the retention pond must be enough to retain 24 hours of rainfall of a critical event plus 30 days of snowmelt. The quantity of snow corresponds to a recurrence period of 100 years. A factor of augmentation of 20% is applied to the calculated rainfall intensity to consider the effect of climate change, as directed in Directive 19 and “Guide de Gestion des Eaux Pluviales”

from MDDELCC. The design 100-year 24-hr rainfall depth is estimated at 114 mm.

The snowmelt volume is estimated based on the following data and assumptions:

- The maximum snow accumulation depth in April observed at the Chibougamau-Chapais station is 898 mm;

- The snow accumulated on ground in April will melt in 30 days.

- The snow to water ratio is 10%

- The observed maximum depth of snow accumulated on ground at Chibougamou-Chapisi airport station 898 mm. The equivalent water depth of 30-day snowmelt is estimated at 89.8 mm

Calculations of surface runoff and snowmelt volume

Description TSF Mine pit Process plant

Catch basin area 59.5 30.9 9.6124

Runoff coefficient 0.82 0.82 0.82

100-yr 24-hr rainfall depth 114 114 114

30-day snowmelt 89.8 89.8 89.8

Volume of retention ponds 109 173 56 697 17 637

Based on the above recommendations, the list of required water infrastructure is presented below. The estimation is based on the preliminary information that are available at the time of this prefeasibility. Estimated cost fo the following works will be precised at Design stage.

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Works Description Preliminary Design criteria Estimated cost A Pumping station and

pipe from Pond #P1 to Process plant and to the fire water tank

Initial fillup of the process tank

Initial fillup of the fire water tank

Pump capacity:

- Flow: 5000 m³/d (58 L/s) - Head: 15 m approx.

Forcemain:

- 250 mm dia.

- 1200 m approx.

Equipements:

- 1 sump 2 m x 3.5 m

- 2 submersibles pumps 15 kW approx.

Pumping station:

300 000$

Forcemain: 1 000 000$

Total: 1 300 000$

B Sormwater collector 1 Main stormwater collector between the pit to the reclaim pond

Gravity pipe Diameter: 600 mm Length: 2000 m

With chambers for pipe connection

Maximum flow of 12 000 m³/d

4 000 000$

C Sormwater collector 2 Connect the plant yard retention pond to Collector 1

Gravity pipe Diameter: 300 mm Length: 300 m

With chambers for pipe connection

Maximum flow of 1500 m³/d

300 000$

D Process plant

retention pond and pumping station

Retention pond

With a pumping station to Collector 2.

Retention pond volume: 18 000 m³

Pump capacity: 2500 m³/d

1 500 000$

E Mine pit dewatering system including pumping stations.

To pump groundwater from pit dewatering to Collector 1

Pump flow according to the study of Numerical

Groundwater Flow Model

Pump head according to the actual depth of the dewatering system

The cost of the pumping station is to be gradually increased as the

excavation of the pit grows.

Pumps from P1 cost can be transferred here so no extra cost should be accounted at this stage.

F Retention pond and pumping station for mine pit runoff

To pump stormwater from pit to Collector 1

Maintain a hydraulic retention pond of 57 000 m³ all time at the bottom pof the pit, with a pumping station of 8 000 m³/d capacity to send stormwater to Collector 1.

Excavation costs included in mine operation costs.

Pumping station to be gradually increased as the mine is excavated.

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Pump head depends on the elevation of the bottom of the pit.

G Pumping station from the reclaim pond to process plant

Principal process makeup water supply.

To be used for process tank fill up, daily operation makeup.

Pump capacity:

- Flow: 450 m³/d (5.2 L/s) - Head: 60 m

Forcemain:

- 75 mm dia.

- 2000 m approx.

Equipements:

- 2 pumps on barge 5 kW

Cost included in the TSF reclaim pond design

H Pumping station for process plant surplus water to Collector 2

To be used in daily operations, for discharge of process surplus water to the TSF retention pond

Pump capacity:

- Flow: 250 m³/d (3 L/s) - Head: 5 m

Gravity pipe:

- 250 mm dia.

- 150 m approx.

Equipements:

2 lift pumps 0.5 kW

Pumping station:

150 000$

Forcemain: 100 000$

Total: 250 000$

Figure 8-1: Water infrastructures locations on site

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ϭ͘ /ŶƚƌŽĚƵĐƚŝŽŶ

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Ͳ ^ŝǌŝŶŐŽĨƚŚĞŚǇĚƌĂƵůŝĐƌĞƚĞŶƚŝŽŶƉŽŶĚĂƚƚŚĞƉƌŽĐĞƐƐƉůĂŶƚƐŝƚĞĨƌŽŵZͲDd,D͖

Ͳ 'ĞŶĞƌĂůƐŝƚĞůĂǇŽƵƚĂŶĚƉƌĞůŝŵŝŶĂƌǇĚĞƐŝŐŶŽĨƚŚĞd^&ĨƌŽŵǆƉŐĞŽƚĞĐŚŶŝĐĂůƚĞĂŵ͖

Ͳ WƌĞůŝŵŝŶĂƌǇƌĞƐƵůƚƐŽĨŐƌŽƵŶĚǁĂƚĞƌŵŽĚĞůŝŶŐĨƌŽŵǆƉŐĞŽƚĞĐŚŶŝĐĂůƚĞĂŵ ůůƚŚĞƐĞƐƚƵĚŝĞƐĂƌĞŽŶͲŐŽŝŶŐŝŶƉĂƌĂůůĞůǁŝƚŚƚŚĞƉƌĞƐĞŶƚƐƚƵĚǇ͘

dŚĞŵĂŝŶŽƉũĞĐƚŝǀĞŝƐƚŽƉƌŽƉŽƐĞƉŽƚĞŶƚŝĂůƐŽƵƌĐĞƐŽĨǁĂƚĞƌƐƵƉƉůǇĨŽƌƚŚĞƉƌŽĐĞƐƐƉůĂŶƚĂŶĚƚŽŝĚĞŶƚŝĨǇƉŽŝŶƚƐŽĨĚŝƐĐŚĂƌŐĞƐ ƚŽƚŚĞĞŶǀŝƌŽŶŵĞŶƚ͘DŽƌĞƐƉĞĐŝĨŝĐĂůůǇ͕ǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐŝƐƉĞƌĨŽƌŵĞĚŽŶƚŚĞdĂŝůŝŶŐ^ƚŽƌĂŐĞ&ĂĐŝůŝƚǇ;d^&ͿƌĞĐůĂŝŵ ƉŽŶĚĂƐǁĞůůĂƐƚŚĞŶĂƚƵƌĂůƉŽŶĚWϭĂŶĚWϮ͕ĂƐƚŚĞƌĞŚĂǀĞďĞĞŶƉƌĞůŝŵŝŶĂƌŝůǇŝĚĞŶƚŝĨŝĞĚĂƐƚŚĞƉŽƚĞŶƚŝĂůǁĂƚĞƌƐƵƉƉůǇ ƐŽƵƌĐĞƐ͘

dŚŝƐŝƐĂƉƌĞĨĞĂƐŝďŝůŝƚǇƐƚƵĚǇ͘dŚĞĂŶĂůǇƐŝƐƌĞƐƵůƚƐ͕ĐŽŶĐůƵƐŝŽŶƐĂŶĚƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐĂƌĞĚĞƉĞŶĚĂŶƚŽŶƚŚĞĨŝŶĚŝŶŐƐŽĨƚŚĞ ŽƚŚĞƌƉĂƌĂůůĞůƐƚƵĚŝĞƐ͘ƐƐƵŵƉƚŝŽŶƐŵĂĚĞǁĞƌĞƐƉĞĐŝĨŝĞĚ͘^ŚŽƵůĚĂŶǇŽĨƚŚĞŝŶƉƵƚŝŶĨŽƌŵĂƚŝŽŶĐŚĂŶŐĞƐ͕ƚŚĞĂŶĂůǇƐŝƐŽĨƚŚĞ ƉƌĞƐĞŶƚƐƚƵĚǇƐŚŽƵůĚďĞƵƉĚĂƚĞĚĂĐĐŽƌĚŝŶŐůǇ͘/ƚŝƐƉůĂŶŶĞĚƚŚĂƚƚŚĞĚĞƐŝŐŶĐƌŝƚĞƌŝĂĂŶĚĐŽƐƚƐĞƐƚŝŵĂƚŝŽŶĨŽƌǁĂƚĞƌƐƵƉƉůǇ͕

ƉƵŵƉŝŶŐƐƚĂƚŝŽŶƐĂŶĚƚƌĞĂƚŵĞŶƚƵŶŝƚƐǁŝůůďĞƵƉĚĂƚĞĚĂƚĂƐƵďƐĞƋƵĞŶƚƐƚĂŐĞ͕ĂƚƚŚĞƚŝŵĞŽĨƉƌĞůŝŵŝŶĂƌǇĂŶĚĨŝŶĂůĚĞƐŝŐŶ͘

Ϯ͘ ^ƵŵŵĂƌǇĚĞƐĐƌŝƉƚŝŽŶŽĨƚŚĞĚĞǀĞůŽƉŵĞŶƚƉƌŽũĞĐƚ

dŚĞŵŝŶĞƐŝƚĞŝƐůŽĐĂƚĞĚĂƉƉƌŽǆŝŵĂƚĞůǇϯϱϬŬŵĞĂƐƚŽĨƚŚĞƐŽƵƚŚĞƌŶƚŝƉŽĨ:ĂŵĞƐĂǇ͕ĂŶĚϭϭϬŬŵŶŽƌƚŚŽĨŚŝďŽƵŐĂŵĂƵͲ ŚĂƉĂŝƐĂŝƌƉŽƌƚ͘dŚĞƐŝƚĞĐĂŶďĞĂĐĐĞƐƐĞĚďǇƚŚĞZŽƵƚĞĚƵEŽƌĚ͘

dŚĞƉƌŽũĞĐƚĞĚĚĞǀĞůŽƉŵĞŶƚŽĐĐƵƉŝĞƐĂƉƉƌŽǆŝŵĂƚŝǀĞůǇĂƐƵƌĨĂĐĞĂƌĞĂŽĨϰϬϬŚĂ͘ƚƚŚĞŚĞĂƌƚŽĨƚŚĞĚĞǀĞůŽƉŵĞŶƚŝƐĂŶŽƉĞŶ ŵŝŶĞƉŝƚ͘/ƚŚĂƐďĞĞŶĞƐƚŝŵĂƚĞĚƚŚĂƚŵŝŶŝŶŐǁŝůůƚĂŬĞƉůĂĐĞĨŽƌĂƉĞƌŝŽĚŽĨĂƉƉƌŽǆŝŵĂƚŝǀĞůǇϭϮǇĞĂƌƐ͘tŚĞŶĨƵůůǇŵŝŶĞĚ͕ƚŚĞ ŽƉĞŶƉŝƚǁŝůůŽĐĐƵƉǇĂƐƵƌĨĂĐĞĂƌĞĂŽĨĂƉƉƌŽǆŝŵĂƚŝǀĞůǇϯϬŚĂ͘KƚŚĞƌDĂũŽƌĐŽŶƐƚƌƵĐƚŝŽŶƐŽĨƚŚĞŵŝŶĞŝŶĐůƵĚĞĂƉƌŽĐĞƐƐ ďƵŝůĚŝŶŐ͕ĂƚĂŝůŝŶŐƐƚŽƌĂŐĞĨĂĐŝůŝƚǇ;d^&Ϳ͕ƚŚĞd^&ǁĂƚĞƌƌĞĐůĂŝŵƉŽŶĚ͕ĂŶĞǆƉůŽƐŝǀĞƐƚŽƌĂŐĞĨĂĐŝůŝƚǇ͕ĂǁĂƐƚĞƌŽĐŬĚƵŵƉ͕ĂůŽǁͲ ŐƌĂĚĞĚƵŵƉ͕ĂŶĚĂŶŽǀĞƌďƵƌĚĞŶĚƵŵƉƐŝƚĞ͕ĂǁŽƌŬĞƌ͛ƐĐĂŵƉ͕ĂŶĚĂĐĐĞƐƐƌŽĂĚƐ͘dŚĞƉƌĞůŝŵŝŶĂƌǇŐĞŶĞƌĂůůĂǇŽƵƚŽĨƚŚĞƐŝƚĞ ŚĂĚďĞĞŶƉƌĞƉĂƌĞĚďǇZĂŶĚŝƐĂƚƚĂĐŚĞĚŝŶƉƉĞŶĚŝǆϭ͘

ϯ͘ ^ŝƚĞŚǇĚƌŽůŽŐŝĐĂůĐŚĂƌĂĐƚĞƌŝƐƚŝĐƐ

&ŽƌƚŚĞƐƚƵĚǇ͕ǁĞŚĂǀĞƌĞĐĞŝǀĞĚĨƌŽŵZƚŚĞĚƌĂǁŝŶŐƐŽĨĐŽŶƚŽƵƌƐĂŶĚŶĂƚƵƌĂůĂƋƵĂƚŝĐŶĞƚǁŽƌŬŽĨƚŚĞƐŝƚĞ͘&ŝŐƵƌĞϯͲ ϭƐŚŽǁƐƚŚĞŶĂƚƵƌĂůĂƋƵĂƚŝĐŶĞƚǁŽƌŬŽĨƚŚĞƐŝƚĞ͘dĂďůĞϯͲϭƉƌŽǀŝĚĞƐĂůŝƐƚŽĨŚǇĚƌĂƵůŝĐĞůĞŵĞŶƚƐĨŽƵŶĚŽŶƚŚĞƐŝƚĞ͘

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DŽďůĂŶŵŝŶĞͬ EĞŽͲůŝƚŚŝƵŵYƵĞďĞĐ

ƌ͗ͰŐĂƚͲϬϬϮϰϳϴϴϯͲϭϬͰϲϬƌĠĂůŝƐĂƚŝŽŶͰϲϮĐŽŶĐĞƉƚŝŽŶƌĂƉƉŽƌƚƐĞƚĚĞǀŝƐͰϲϮ͘ϮƌĂƉƉŽƌƚƐƚĞĐŚŶŝƋƵĞƐͰǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐϮϬϭϵͲϬϮͲϭϴĨŝŶĂů͘ĚŽĐǆ Ϯ

dŚĞŵŝŶĞƐŝƚĞŝƐŝŶĂŵŽƵŶƚĂŝŶŽƵƐĂƌĞĂ͕ǁŝƚŚŐƌŽƵŶĚĞůĞǀĂƚŝŽŶǀĂƌǇŝŶŐĂƉƉƌŽǆŝŵĂƚŝǀĞůǇďĞƚǁĞĞŶϰϬϬŵƚŽϱϴϬŵ͘ƵĞƚŽ ƚŚĞƌĞůŝĞĨƐ͕ƚŚĞĐĂƚĐŚďĂƐŝŶƐŽĨƚŚĞƉŽŶĚƐĂƌĞŐĞŶĞƌĂůůǇĐŚĂƌĂĐƚĞƌŝǌĞĚďǇƐƚĞĞƉƐůŽƉƐĂŶĚůŝŵŝƚĞĚƐƵƌĨĂĐĞĂƌĞĂ͘dŚŝƐƚǇƉĞŽĨ ĐĂƚĐŚďĂƐŝŶŶŽƌŵĂůůǇŐĞŶĞƌĂƚĞƐŚŝŐŚĞƌƌƵŶŽĨĨĨůŽǁĂŶĚŚĂǀĞůĞƐƐƐƚŽƌĂŐĞĐĂƉĂĐŝƚǇĐŽŵƉĂƌŝŶŐƚŽĂĨůĂƚĐĂƚĐŚďĂƐŝŶ͘

&ŽƵƌŶĂƚƵƌĂůƉŽŶĚƐĂƌĞĨŽƵŶĚŶĞĂƌƚŚĞŽƉĞŶƉŝƚĂŶĚƚŚĞƉƌŽũĞĐƚĞĚŚĂƵůƌŽĂĚ͘&ŽƌĚŝƐĐƵƐƐŝŽŶ͕ƚŚĞƐĞƉŽŶĚƐĂƌĞŝĚĞŶƚŝĨŝĞĚĂƐ Wϭ͕WϮ͕WϯĂŶĚWϰ͕ƌĞƐƉĞĐƚŝǀĞůǇ͕ĂƐƐŚŽǁŶŝŶĨŝŐƵƌĞϯͲϭ͘dŚĞďĂƚŚǇŵĞƚƌǇŽĨƚŚĞƉŽŶĚƐŝƐŶŽƚĂǀĂŝůĂďůĞ͘,ĂƚĐŚŚĂƐƉƌŽǀŝĚĞĚ ƚŚĞĨŽůůŽǁŝŶŐƉƌĞůŝŵŝŶĂƌǇŝŶĨŽƌŵĂƚŝŽŶ͗

Ͳ hŶŶĂŵĞĚƉŽŶĚηϭ;WϭͿ͗ƌĞĂϭ͘ϰŚĂͬDĂǆŝŵƵŵĚĞƉƚŚϰ͘ϮŵͬǀĞƌǇůŽǁƉŽƚĞŶƚŝĂůƚŝŵĞŽĨǁĂƚĞƌƌĞŶĞǁĂů

Ͳ hŶŶĂŵĞĚƉŽŶĚηϮ;WϮͿ͗ƌĞĂϭ͘ϴŚĂͬDĂǆŝŵƵŵĚĞƉƚŚϭ͘ϱŵŝŶĂǀĞƌǇƐŵĂůůƉŽƌƚŝŽŶŽĨƚŚĞƉŽŶĚͬǀĞƌǇůŽǁƉŽƚĞŶƚŝĂů ƚŝŵĞŽĨǁĂƚĞƌƌĞŶĞǁĂů

Ͳ hŶŶĂŵĞĚƉŽŶĚηϲ;WϯͿ͗ƌĞĂϯ͘ϰŚĂͬDĂǆŝŵƵŵĚĞƉƚŚŶ͘Ăͬ͘ůŽǁƉŽƚĞŶƚŝĂůƚŝŵĞŽĨǁĂƚĞƌƌĞŶĞǁĂů

/ƚƐŚŽƵůĚďĞŶŽƚĞĚƚŚĂƚƚŚĞǁĂƚĞƌĐŽƵƌƐĞŽĨĨƉŽŶĚƐWϭĂŶĚWϮĂƌĞŝŶƚĞƌŵŝƚƚĞŶƚǁĂƚĞƌĐŽƵƌƐĞƐ͘&ƵƌƚŚĞƌŵŽƌĞ͕WŽŶĚWϮŚĂĚ ďĞĞŶŝĚĞŶƚŝĨŝĞĚďǇ,ĂƚĐŚĂƐĂƉŽŶĚƚŚĂƚĨĞĞĚƐĂǀĞƌǇƐĞŶƐŝƚŝǀĞĨŝƐŚŚĂďŝƚĂƚŝŶĐůƵĚŝŶŐƐƉĂǁŝŶŐĂƌĞĂƐ͘

/ŶĨŽƌŵĂƚŝŽŶŽŶƐŽŝůĂŶĚŐƌŽƵŶĚǁĂƚĞƌŽĨƚŚĞƐŝƚĞĂƌĞƉƌŽǀŝĚĞĚďǇŐĞŽƚĞĐŚŶŝĐĂůƐƚƵĚǇ͕ŝŶƐƵŵŵĂƌǇ͗

Ͳ dŚĞƐƵďƐŽŝůĐŽŶƐŝƐƚƐŽĨƉƌĞĚŽŵŝŶĂŶƚůǇĂƐŝůƚǇƐĂŶĚǁŝƚŚĂƚƌĂĐĞƚŽƐŽŵĞŐƌĂǀĞů͘

Ͳ 'ƌŽƵŶĚǁĂƚĞƌǁĂƐŽďƐĞƌǀĞĚĂƚƐŚĂůůŽǁĚĞƉƚŚƐƌĂŶŐŝŶŐĨƌŽŵŐƌŽƵŶĚƐƵƌĨĂĐĞƚŽĂďŽƵƚϭ͘ϱŵ͘

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ƌ͗ͰŐĂƚͲϬϬϮϰϳϴϴϯͲϭϬͰϲϬƌĠĂůŝƐĂƚŝŽŶͰϲϮĐŽŶĐĞƉƚŝŽŶƌĂƉƉŽƌƚƐĞƚĚĞǀŝƐͰϲϮ͘ϮƌĂƉƉŽƌƚƐƚĞĐŚŶŝƋƵĞƐͰǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐϮϬϭϵͲϬϮͲϭϴĨŝŶĂů͘ĚŽĐǆ ϯ

&ŝŐƵƌĞϯͲϭEĂƚƵƌĂůĂƋƵĂƚŝĐŶĞƚǁŽƌŬŽĨƚŚĞƐŝƚĞ;ĨƌŽŵZŽǀĞƌĂůůƐŝƚĞůĂǇŽƵƚĚƌĂǁŝŶŐηϭͲϮϳϴϭͲϬϬϭͲ>͕ĚĂƚĞĚϮϬϭϴͲϭϮͲ ϬϴͿ

(12)

ƌ͗ͰŐĂƚͲϬϬϮϰϳϴϴϯͲϭϬͰϲϬƌĠĂůŝƐĂƚŝŽŶͰϲϮĐŽŶĐĞƉƚŝŽŶƌĂƉƉŽƌƚƐĞƚĚĞǀŝƐͰϲϮ͘ϮƌĂƉƉŽƌƚƐƚĞĐŚŶŝƋƵĞƐͰǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐϮϬϭϵͲϬϮͲϭϴĨŝŶĂů͘ĚŽĐǆ ϰ

dĂďůĞϯͲϭ>ŝƐƚŽĨĞůĞŵĞŶƚƐŽĨŶĂƚƵƌĂůĂƋƵĂƚŝĐƐǇƐƚĞŵŽŶƐŝƚĞ ůĞŵĞŶƚƐ ZĞŵĂƌŬƐ

WŽŶĚWϭ tĂƚĞƌƐƵƌĨĂĐĞĂƌĞĂ͗ϭ͘ϰŚĂ DĂǆŝŵƵŵĚĞƉƚŚ͗ϰ͕Ϯŵ ĂƚĐŚďĂƐŝŶĂƌĞĂ͗ϭϬ͕ϳŚĂ KƵƚĨĂůů͗tĂƚĞƌĐŽƵƌƐĞ^ϭ WŽŶĚWϮ tĂƚĞƌƐƵƌĨĂĐĞĂƌĞĂ͗ϭ͘ϴŚĂ

DĂǆŝŵƵŵĚĞƉƚŚ͗ϭ͘ϱŵ ĂƚĐŚďĂƐŝŶĂƌĞĂ͗ϯϬ͘ϰŚĂ KƵƚĨĂůů͗tĂƚĞƌĐŽƵƌƐĞ^ϯ WŽŶĚWϯ tĂƚĞƌƐƵƌĨĂĐĞĂƌĞĂ͗ϯ͘ϰŚĂ

ĂƚĐŚďĂƐŝŶĂƌĞĂ͗ϰϳ͘ϳŚĂ KƵƚĨĂůů͗tĂƚĞƌĐŽƵƌƐĞ^ϰ WŽŶĚWϰ /ŶĨŽƌŵĂƚŝŽŶŶŽƚĂǀĂŝůĂďůĞ

^ƚƌĞĂŵ^ϭ tĂƚĞƌĐŽƵƌƐĞ͘KƵƚĨĂůůŽĨWŽŶĚWϭ

^ƚƌĞĂŵ^ϭ /ŶƚĞƌŵŝƚƚĞŶƚǁĂƚĞƌĐŽƵƌƐĞ͘ƌĂŶĐŚŽĨ^ϭ

^ƚƌĞĂŵ^Ϯ /ŶƚĞƌŵŝƚƚĞŶƚǁĂƚĞƌĐŽƵƌƐĞ͘

^ƚƌĞĂŵ^ϯ tĂƚĞƌĐŽƵƌƐĞ͘>ŝŶŬƐWϮĂŶĚWϯ

^ƚƌĞĂŵ^ϯ /ŶƚĞƌŵŝƚƚĞŶƚǁĂƚĞƌĐŽƵƌƐĞ͘ƌĂŶĐŚŽĨ^ϯ

^ƚƌĞĂŵ^ϯ /ŶƚĞƌŵŝƚƚĞŶƚǁĂƚĞƌĐŽƵƌƐĞ͘dƌŝďƵƚĂƌǇƚŽWϯ

^ƚƌĞĂŵ^ϰ tĂƚĞƌĐŽƵƌƐĞ͘>ŝŶŬƐWϯĂŶĚWϰ

^ƚƌĞĂŵ^ϱ tĂƚĞƌĐŽƵƌƐĞ͘KƵƚĨĂůůŽĨƉŽŶĚWϰ

^ƚƌĞĂŵ^ϲ tĂƚĞƌĐŽƵƌƐĞ͘KƵƚĨĂůůŽĨd^&ƐŝƚĞ

^ƚƌĞĂŵ^ϳ tĂƚĞƌĐŽƵƌƐĞ͘KƵƚĨĂůůŽĨd^&ƐŝƚĞ

^ƚƌĞĂŵ^ϴ /ŶƚĞƌŵŝƚƚĞŶƚǁĂƚĞƌĐŽƵƌƐĞ

^ƚƌĞĂŵ^ϵ tĂƚĞƌĐŽƵƌƐĞ͘EĞǆƚƚŽƚŚĞǁŽƌŬĞƌ͛ƐĐĂŵƉ

(13)

ƌ͗ͰŐĂƚͲϬϬϮϰϳϴϴϯͲϭϬͰϲϬƌĠĂůŝƐĂƚŝŽŶͰϲϮĐŽŶĐĞƉƚŝŽŶƌĂƉƉŽƌƚƐĞƚĚĞǀŝƐͰϲϮ͘ϮƌĂƉƉŽƌƚƐƚĞĐŚŶŝƋƵĞƐͰǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐϮϬϭϵͲϬϮͲϭϴĨŝŶĂů͘ĚŽĐǆ ϱ

ϰ͘ DĞƚĞŽƌŽůŽŐŝĐĂůĚĂƚĂ

tĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐŽĨĂǁĂƚĞƌƐŚĞĚƌĞƋƵŝƌĞƐůŽŶŐͲƚĞƌŵŵĞƚĞŽƌŽůŽŐŝĐĂůĚĂƚĂƐƵĐŚĂƐƌĂŝŶĨĂůůĂŶĚĞǀĂƉŽƚƌĂŶƐƉŝƌĂƚŝŽŶ͘tĞ ŚĂǀĞŽďƚĂŝŶĞĚĚĂŝůǇŵĞƚĞŽƌŽůŽŐŝĐĂůĚĂƚĂŽďƐĞƌǀĞĚĂƚŚŝďŽƵŐĂŵĂƵͲŚĂƉĂŝƐŝƌƉŽƌƚƐƚĂƚŝŽŶĨƌŽŵϭϵϴϮƚŽϮϬϭϴ͕ŝŶĐůƵĚŝŶŐ ƌĂŝŶĨĂůů͕ƐŶŽǁĨĂůů͕ƚĞŵƉĞƌĂƚƵƌĞ͘dŚĞƐƚƵĚǇĂƐƐƵŵĞƐƚŚĂƚƚŚĞƐĞĚĂƚĂĂƉƉůǇƚŽƚŚĞŵŝŶĞƐŝƚĞǁŝƚŚŽƵƚŶĞĞĚĨŽƌĂŶǇĂĚũƵƐƚŵĞŶƚ͘

&ŝŐƵƌĞƐϰͲϭƚŽϰͲϯƐŚŽǁŵŽŶƚŚůǇƐƚĂƚŝƐƚŝĐƐŽĨƚŚĞƐĞĂǀĂŝůĂďůĞŵĞƚĞŽƌŽůŽŐŝĐĂůĚĂƚĂ͘dĂďůĞϰͲϭƐŚŽǁƐƐƚĂƚŝƐƚŝĐƐŽĨŵŽŶƚŚůǇĂŶĚ ĂŶŶƵĂůƉƌĞĐŝƉŝƚĂƚŝŽŶ͘

^ŝƚĞ ƐƉĞĐŝĨŝĐ ĞǀĂƉŽƚƌĂŶƐƉŝƌĂƚŝŽŶ ĚĂƚĂ ĂƌĞ ŶŽƚ ĂǀĂŝůĂďůĞ͘ &Žƌ ƚŚĞ ƐƚƵĚǇ͕ ĞǀĂƉŽƌĂƚŝŽŶ ĂŵŽƵŶƚ ŝƐ ĞƐƚŝŵĂƚĞĚ ďĂƐĞĚ ŽŶ ƚŚĞ ĨŽůůŽǁŝŶŐƌĞĨĞƌĞŶĐĞƐ͗

Ͳ ,ǇĚƌŽůŽŐŝĐĂůĂƚůĂƐŽĨĂŶĂĚĂͬDĞĂŶŶŶƵĂů>ĂŬĞǀĂƉŽƌĂƚŝŽŶ

Ͳ ƚƵĚĞĚĞů͛ĠǀĂƉŽƌĂƚŝŽŶŶĞƚƚĞĚƵƌĞƐĞƌǀŽŝƌĚĞů͛ĂƐƚŵĂŝŶϭ͕,ǇĚƌŽZĞǀŝĞǁʹ:ƵŝŶϮϬϭϰ

ĂƐĞĚŽŶƚŚĞDĞĂŶŶŶƵĂů>ĂŬĞǀĂƉŽƌĂƚŝŽŶĂƚůĂƐ͕ƚŚĞĂŶŶƵĂůĞǀĂƉŽƌĂƚŝŽŶŽĨƚŚĞƐŝƚĞŝƐĞƐƚŝŵĂƚĞƐĂƚϯϱϬŵŵ͘/ƚŝƐĂƐƐƵŵĞĚ ƚŚĂƚƚŚŝƐĂŶŶƵĂůĞǀĂƉŽƌĂƚŝŽŶĂŵŽƵŶƚĂƉƉůŝĞƐƚŽƚŚĞĞŶƚŝƌĞĐĂƚĐŚďĂƐŝŶŽĨƚŚĞƉŽŶĚƐ͕ŝŶĐůƵĚŝŶŐƚŚĞƉŽŶĚĂŶĚƚŚĞůĂŶĚ͘/ƚŝƐ ĨƵƌƚŚĞƌĂƐƐƵŵĞĚƚŚĂƚƚŚĞŵŽŶƚŚůǇǀĂƌŝĂƚŝŽŶŽĨĞǀĂƉŽƌĂƚŝŽŶĨŽůůŽǁƐƚŚĞƉĂƚƚĞƌŶĂƐƐŚŽǁŶŝŶdĂďůĞϰͲϮ͘dŚĞǀĂƌŝĂƚŝŽŶƉĂƚƚĞƌŶ ŚĂƐďĞĞŶĞƐƚĂďůŝƐŚĞĚďĂƐĞĚŽŶƚŚĞŽďƐĞƌǀĞĚĚĂƚĂƉƌĞƐĞŶƚĞĚŝŶƚƵĚĞĚĞů͛ĠǀĂƉŽƌĂƚŝŽŶŶĞƚƚĞĚƵƌĞƐĞƌǀŽŝƌĚĞů͛ĂƐƚŵĂŝŶϭ͕

,ǇĚƌŽZĞǀŝĞǁʹ:ƵŝŶϮϬϭϰ͘dŚĞĂƐƚŵĂŝŶϭƌĞƐĞƌǀŽŝƌŝƐůŽĐĂƚĞĚĂƚƚŚĞƉĞƌŝŵĞƚĞƌŽĨ:ĂŵĞƐĂǇ͕ĂƉƉƌŽǆŝŵĂƚŝǀĞůǇϯϱϬŬŵǁĞƐƚ ŽĨƚŚĞŵŝŶĞƐŝƚĞĂŶĚĂƚƚŚĞƐĂŵĞĂůƚŝƚƵĚĞ͘

Ϭ͘Ϭ ϱϬ͘Ϭ ϭϬϬ͘Ϭ ϭϱϬ͘Ϭ ϮϬϬ͘Ϭ ϮϱϬ͘Ϭ ϯϬϬ͘Ϭ

ZĂŝŶĨĂůů;ŵŵͿ

&ŝŐƵƌĞϰͲϭDŽŶƚŚůǇWƌĞĐŝƉŝƚĂƚŝŽŶ

DĞĂŶ DŝŶ DĂǆ

(14)

ƌ͗ͰŐĂƚͲϬϬϮϰϳϴϴϯͲϭϬͰϲϬƌĠĂůŝƐĂƚŝŽŶͰϲϮĐŽŶĐĞƉƚŝŽŶƌĂƉƉŽƌƚƐĞƚĚĞǀŝƐͰϲϮ͘ϮƌĂƉƉŽƌƚƐƚĞĐŚŶŝƋƵĞƐͰǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐϮϬϭϵͲϬϮͲϭϴĨŝŶĂů͘ĚŽĐǆ ϲ

ͲϯϬ ͲϮϬ ͲϭϬ Ϭ ϭϬ ϮϬ ϯϬ

dĞŵƉĞƌĂƚƵƌĞ;ΣͿ

&ŝŐƵƌĞϰͲϮDŽŶƚŚůǇdĞŵƉĞƌĂƚƵƌĞ

DĞĂŶdĞŵƉ͘

DŝŶ͘dĞŵƉ͘

DĂǆ͘dĞŵƉ͘

Ϭ ϮϬ ϰϬ ϲϬ ϴϬ ϭϬϬ ϭϮϬ

^ŶŽǁ;ĐŵͿ

&ŝŐƵƌĞϰͲϯ^ŶŽǁŽŶŐƌŽƵŶĚ

DĞĂŶ DŝŶ DĂǆ

(15)

ƌ͗ͰŐĂƚͲϬϬϮϰϳϴϴϯͲϭϬͰϲϬƌĠĂůŝƐĂƚŝŽŶͰϲϮĐŽŶĐĞƉƚŝŽŶƌĂƉƉŽƌƚƐĞƚĚĞǀŝƐͰϲϮ͘ϮƌĂƉƉŽƌƚƐƚĞĐŚŶŝƋƵĞƐͰǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐϮϬϭϵͲϬϮͲϭϴĨŝŶĂů͘ĚŽĐǆ ϳ

dĂďůĞϰͲϭDŽŶƚŚůǇĂŶĚĂŶŶƵĂůƉƌĞĐŝƉŝƚĂƚŝŽŶ

WĞƌŝŽĚ DŽǇ DŝŶ DĂǆ

;ŵŵͿ ;ŵŵͿ ;ŵŵͿ

:ĂŶƵĂƌǇ ϳϮ ϭϵ ϭϯϬ

&ĞďƌƵĂƌǇ ϵϰ ϯϯ ϭϲϯ

DĂƌĐŚ ϭϬϱ ϰϱ ϭϲϮ

Ɖƌŝů ϭϬϳ ϰϲ ϮϬϭ

DĂǇ ϭϭϲ ϰϬ Ϯϱϴ

:ƵŶĞ ϭϬϬ ϰϵ ϭϳϱ

:ƵůǇ ϳϲ ϳ ϭϮϵ

ƵŐƵƐƚ ϲϵ ϭϲ ϭϯϲ

^ĞƉƚĞŵďĞƌ ϱϲ ϯϰ ϴϱ

KĐƚŽďĞƌ ϯϵ ϵ ϲϵ

EŽǀĞŵďĞƌ ϱϮ ϭϯ ϵϱ

ĞĐĞŵďĞƌ ϱϱ ϭϲ ϵϲ

ŶŶƵĂů ϵϰϵ ϳϮϱ ϭ͕ϭϵϮ

dĂďůĞϰͲϮDŽŶƚŚůǇĂŶĚĂŶŶƵĂůĞǀĂƉŽƌĂƚŝŽŶ

WĞƌŝŽĚ ηĚĂǇƐ &ĂĐƚŽƌ ǀĂƉŽƌĂƚŝŽŶ

ǀĂƌŝĂƚŝŽŶ

;ŵŵͿ

:ĂŶƵĂƌǇ ϯϭ ϭ͘Ϭй ϯ͘ϱ

&ĞďƌƵĂƌǇ Ϯϴ ϭ͘Ϭй ϯ͘ϱ

DĂƌĐŚ ϯϭ Ϯ͘Ϭй ϳ͘Ϭ

Ɖƌŝů ϯϬ ϰ͘ϱй ϭϱ͘ϴ

DĂǇ ϯϭ ϵ͘ϱй ϯϯ͘ϯ

:ƵŶĞ ϯϬ ϭϱ͘Ϭй ϱϮ͘ϱ

:ƵůǇ ϯϭ ϭϴ͘ϱй ϲϰ͘ϴ

ƵŐƵƐƚ ϯϭ ϭϴ͘Ϭй ϲϯ͘Ϭ

^ĞƉƚĞŵďĞƌ ϯϬ ϭϯ͘ϱй ϰϳ͘ϯ

KĐƚŽďĞƌ ϯϭ ϵ͘ϱй ϯϯ͘ϯ

EŽǀĞŵďĞƌ ϯϬ ϱ͘ϱй ϭϵ͘ϯ

ĞĐĞŵďĞƌ ϯϭ Ϯ͘Ϭй ϳ͘Ϭ

ŶŶƵĂů ϯϲϱ ϭϬϬй ϯϱϬ

(16)

ƌ͗ͰŐĂƚͲϬϬϮϰϳϴϴϯͲϭϬͰϲϬƌĠĂůŝƐĂƚŝŽŶͰϲϮĐŽŶĐĞƉƚŝŽŶƌĂƉƉŽƌƚƐĞƚĚĞǀŝƐͰϲϮ͘ϮƌĂƉƉŽƌƚƐƚĞĐŚŶŝƋƵĞƐͰǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐϮϬϭϵͲϬϮͲϭϴĨŝŶĂů͘ĚŽĐǆ ϴ

ϱ͘ tĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐ

tĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐĞƐĂƌĞƉĞƌĨŽƌŵĞĚŽŶƚŚĞƉŽƚĞŶƚŝĂůǁĂƚĞƌƐƵƉƉůǇƐŽƵƌĐĞƐ͗ƚŚĞd^&ƌĞĐůĂŝŵƉŽŶĚ͕ĂŶĚƉŽŶĚƐWϭĂŶĚWϮ͘

dŚĞƉƵƌƉŽƐĞŽĨƚŚĞĂŶĂůǇƐŝƐŝƐƚŽǀĞƌŝĨǇƚŚĞĂǀĂŝůĂďŝůŝƚǇĂŶĚƐƵƐƚĂŝŶĂďŝůŝƚǇŽĨƚŚĞƉŽƚĞŶƚŝĂůǁĂƚĞƌƐƵƉƉůǇƐŽƵƌĐĞƐ͘dŚĞĂŶĂůǇƐĞƐ ĞƐƚŝŵĂƚĞǁĂƚĞƌǇŝĞůĚŽĨĂŐŝǀĞŶǁĂƚĞƌƐŚĞĚŽǀĞƌĂůŽŶŐͲƚŝŵĞŝŶƚĞƌǀĂů;ŵŽŶƚŚůǇŽƌĂŶŶƵĂůͿ͘tĂƚĞƌǇŝĞůĚŝƐƚŚĞŶĞƚĂŵŽƵŶƚŽĨ ǁĂƚĞƌĨůŽǁŝŶŐƉĂƐƚĂŐŝǀĞŶƉŽŝŶƚŽŶĂƐƚƌĞĂŵĚƵƌŝŶŐĂŐŝǀĞŶƉĞƌŝŽĚ͘tĂƚĞƌǇŝĞůĚĐĂŶďĞĚĞƐĐƌŝďĞĚďǇĂďĂƐŝĐǁĂƚĞƌďĂůĂŶĐĞ ĞƋƵĂƚŝŽŶ͗

YсWн/ʹdʹ'ʹĚ^ʹ

tŚĞƌĞ͗YсƐƚƌĞĂŵĨůŽǁ WсƉƌĞĐŝƉŝƚĂƚŝŽŶ

/сŝŵƉŽƌƚŽĨǁĂƚĞƌŝŶƚŽƚŚĞǁĂƚĞƌƐŚĞĚ dсĞǀĂƉŽƚƌĂŶƐƉŝƌĂƚŝŽŶ

'сŶĞƚĞǆƉŽƌƚŽĨŐƌŽƵŶĚǁĂƚĞƌ Ě^сĐŚĂŶŐĞŝŶƐƚŽƌĂŐĞ

сĚŝǀĞƌƐŝŽŶƐŽƵƚŽĨƚŚĞǁĂƚĞƌƐŚĞĚ dŚĞǁĂƚĞƌďĂůĂŶĐĞƚĞƌŵƐĨŽƌƚŚĞƐƚƵĚǇĂƌĞĚĞƐĐƌŝďĞĚďĞůŽǁ͘

ϱ͘ϭ WƌĞĐŝƉŝƚĂƚŝŽŶ;WͿ

DŽŶƚŚůǇƉƌĞĐŝƉŝƚĂƚŝŽŶƐƚĂƚŝƐƚŝĐƐĂƌĞĂƵƐĞĚĨŽƌƚŚĞĂŶĂůǇƐŝƐ͘dŚĞƐƚĂƚŝƐƚŝĐƐĂƌĞĐĂůĐƵůĂƚĞĚďĂƐĞĚŽŶŽďƐĞƌǀĞĚĚĂŝůǇĚĂƚĂĂƚ ŚŝďŽƵŐĂŵĂƵͲŚĂƉĂŝƐŝƌƉŽƌƚƐƚĂƚŝŽŶĨŽƌƚŚĞƉĞƌŝŽĚŽĨϭϵϴϮƚŽϮϬϭϴ͘ĂƚĂĨƌŽŵϭϵϵϯƚŽϮϬϬϰĂƌĞŵŝƐƐŝŶŐ͘ĂƚĂŽĨƚŚĞ ǇĞĂƌƐŽĨϭϵϴϮ͕ϭϵϵϮ͕ϮϬϬϱĂŶĚϮϬϭϳĂƌĞŝŶĐŽŵƉůĞƚĞ͘

&ŽƌƚŚĞƐƚƵĚǇ͕ǁĞŚĂǀĞŵĂĚĞƚŚĞĨŽůůŽǁŝŶŐĂƐƐƵŵƉƚŝŽŶƐ͗

Ͳ WƌĞĐŝƉŝƚĂƚŝŽŶĨĂůůƐƵŶŝĨŽƌŵůǇŽǀĞƌƚŚĞƐŝƚĞǁŝƚŚŶŽƐƉĂƚŝĂůǀĂƌŝĂƚŝŽŶ͘

Ͳ ŽŶƐŝĚĞƌŝŶŐƚŚĞĞĨĨĞĐƚŽĨŝĐĞĐŽǀĞƌŽĨƚŚĞƉŽŶĚƐ͕ŝƚŝƐĂƐƐƵŵĞĚƚŚĂƚŶŽƉƌĞĐŝƉŝƚĂƚŝŽŶǁŝůůĐŽŶƚƌŝďƵƚĞƚŽƚŚĞƉŽŶĚƐĚƵƌŝŶŐ ƚŚĞƉĞƌŝŽĚŽĨĞĐĞŵďĞƌƚŽDĂƌĐŚ͘

Ͳ ƚƚŚĞĞŶĚŽĨǁŝŶƚĞƌƐĞĂƐŽŶ;ƉƌŝůͿ͕ϭϬйŽĨƚŚĞƐŶŽǁĚĞƉƚŚŽŶŐƌŽƵŶĚŝƐĐŽŶǀĞƌƚĞĚƚŽǁĂƚĞƌ͘

ϱ͘Ϯ ǀĂƉŽƚƌĂŶƐƉŝƌĂƚŝŽŶ;dͿ

ƐĚĞƐĐƌŝďĞĚŝŶƐĞĐƚŝŽŶϰ͕ŵŽŶƚŚůǇĞǀĂƉŽƌĂƚŝŽŶĚĂƚĂĂƌĞĞƐƚŝŵĂƚĞĚƵƐŝŶŐ,ǇĚƌŽůŽŐŝĐĂůĂƚůĂƐŽĨĂŶĂĚĂͬDĞĂŶŶŶƵĂů>ĂŬĞ ǀĂƉŽƌĂƚŝŽŶ^ŝƚĞĂŶĚĚĂƚĂĨƌŽŵĂƐŝƚĞƐƚƵĚǇĂƚƚŚĞĂƐƚŵĂŝŶϭƌĞƐĞƌǀŽŝƌŽĨ,ǇĚƌŽYƵĞďĞĐ͘

ƵĞƚŽƚŚĞůŝŵŝƚĞĚĂǀĂŝůĂďŝůŝƚǇŽĨĚĂƚĂ͕ƚŚĞĞƐƚŝŵĂƚĞĚŵŽŶƚŚůǇĂǀĞƌĂŐĞĞǀĂƉŽƌĂƚŝŽŶĚĂƚĂǁŝůůďĞƵƐĞĚĨŽƌƚŚĞĂŶĂůǇƐŝƐ͘

/ƚ ŝƐ ĂƐƐƵŵĞĚ ƚŚĂƚ ƚŚĞ ĞƐƚŝŵĂƚĞĚ ŵŽŶƚŚůǇ ĂǀĞƌĂŐĞ ĞǀĂƉŽƌĂƚŝŽŶ ĂŵŽƵŶƚ ĂƉƉůŝĞƐ ƚŽ Ăůů ƚǇƉĞƐ ŽĨ ƐƵƌĨĂĐĞƐ ŽĨ ƚŚĞ ĞŶƚŝƌĞ ǁĂƚĞƌƐŚĞĚ͕ŝŶĐůƵĚŝŶŐǁĂƚĞƌƐƵƌĨĂĐĞ͕ĨŽƌĞƐƚ͕ƉĞĂƚůĂŶĚ͕ĂŶĚƐŽŝů͘

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ƌ͗ͰŐĂƚͲϬϬϮϰϳϴϴϯͲϭϬͰϲϬƌĠĂůŝƐĂƚŝŽŶͰϲϮĐŽŶĐĞƉƚŝŽŶƌĂƉƉŽƌƚƐĞƚĚĞǀŝƐͰϲϮ͘ϮƌĂƉƉŽƌƚƐƚĞĐŚŶŝƋƵĞƐͰǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐϮϬϭϵͲϬϮͲϭϴĨŝŶĂů͘ĚŽĐǆ ϵ

ϱ͘ϯ EĞƚĞǆƉŽƌƚŽĨŐƌŽƵŶĚǁĂƚĞƌ;'Ϳ

ƚƚŚĞƚŝŵĞŽĨƉƌĞƉĂƌĂƚŝŽŶŽĨƚŚĞƌĞƉŽƌƚ͕ƐƵďƐŽŝůĐŚĂƌĂĐƚĞƌŝƐƚŝĐƐŽĨƚŚĞďŽƚƚŽŵŽĨƚŚĞƉŽŶĚƐŝƐƵŶŬŶŽǁŶ͘ŽƌŝŶŐƚĞƐƚƐĂƚ ŽƚŚĞƌůĂĐĂƚŝŽŶƐŽĨƐŝƚĞŝŶĚŝĐĂƚĞƚŚĂƚƚŚĞŐƌŽƵŶĚǁĂƚĞƌƚĂďůĞŝƐŶĞĂƌƐŽŝůƐƵƌĨĂĐĞ͘&ŽƌƚŚĞĂŶĂůǇƐŝƐ͕ƚŚĞŶĞƚĞǆƉŽƌƚŽĨŐƌŽƵŶĚ ǁĂƚĞƌ;'ͿŝƐŽŵŝƚƚĞĚ͘

ϱ͘ϰ ŚĂŶŐĞŝŶŵŽŝƐƚƵƌĞƐƚŽƌĂŐĞ;Ě^Ϳ

&ŽƌƚŚĞƐƚƵĚǇ͕ŵŽŝƐƚƵƌĞƐƚŽƌĂŐĞŝŶƉůĂŶƚƐƵƌĨĂĐĞƐ͕ƐŽŝůĚĞƉƌĞƐƐŝŽŶĂŶĚƐŽŝůŵŽŝƐƚƵƌĞĂƌĞŶĞŐůĞĐƚĞĚ͘ŚĂŶŐĞŝŶƐƚŽƌĂŐĞŝŶƚŚĞ ƉŽŶĚƐŝƐĂƐƐƵŵĞĚƚŽďĞǌĞƌŽŝĨƚŚĞƌĞƐƵůƚŝŶŐĚŝƐĐŚĂƌŐĞŝƐƉŽƐŝƚŝǀĞ͘/ŶĐĂƐĞƚŚĞƌĞƐƵůƚŝŶŐĚŝƐĐŚĂƌŐĞŝƐŶĞŐĂƚŝǀĞ͘tĂƚĞƌǁŝůůďĞ ĚƌĂǁŶĨƌŽŵƚŚĞƚĂŶŬ͘/ƚŝƐĂƐƐƵŵĞĚƚŚĂƚƚŚĞŵĂǆŝŵƵŵǀŽůƵŵĞƐŽĨƉŽŶĚƐWϭĂŶĚWϮĂƌĞƌĞƐƉĞĐƚŝǀĞůǇϭϵϮϬϬŵϹĂŶĚϵϬϬϬ ŵϹ͕ĂƐĚĞƐĐƌŝďĞĚŝŶƐĞĐƚŝŽŶϰ͘

ϱ͘ϱ ŝǀĞƌƐŝŽŶƐŽƵƚŽĨƚŚĞǁĂƚĞƌƐŚĞĚ;Ϳ

&ŽƌƚŚĞƉŽŶĚƐWϭĂŶĚWϮ͕ƚŚĞƚĞƌŵŝǀĞƌƐŝŽŶƐŽƵƚŽĨƚŚĞǁĂƚĞƌƐŚĞĚ;ͿŝƐŶĞŐůĞĐƚĞĚ͘&ŽƌƚŚĞd^&͕ŝƐĞƋƵĂůƚŽƚŚĞŶĞŐĂƚŝǀĞ ǀĂůƵĞŽĨƚŽƚĂůǀŽůƵŵĞŽĨƚŚĞƚĂŝůŝŶŐŵŽŝƐƚƵƌĞĂŶĚƚŚĞƐƵƌƉůƵƐĨƌŽŵƚŚĞƉƌŽĐĞƐƐǁĂƚĞƌƚĂŶŬ͘

ϱ͘ϲ tĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐ

dŚĞǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐĞƐĂƌĞƐŚŽǁŶŝŶƚĂďůĞƐϱͲϭƚŽϱͲϯ͘tĞŽďƚĂŝŶƚŚĞĨŽůůŽǁŝŶŐƉƌĞůŝŵŝŶĂƌǇĐŽŶĐůƵƐŝŽŶďĂƐĞĚŽŶƚŚĞ ǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐ͘

dŚĞd^&ƌĞĐůĂŝŵƉŽŶĚƌĞĐĞŝǀĞƐƌƵŶŽĨĨƐĨƌŽŵƚŚĞd^&͕ƚŚĞƉƌŽĐĞƐƐƉůĂŶƚǇĂƌĚĂŶĚƚŚĞŵŝŶĞƉŝƚ͕ĂƐǁĞůůĂƐŐƌŽƵŶĚǁĂƚĞƌĨƌŽŵ ƚŚĞƉŝƚĚĞǁĂƚĞƌŝŶŐ͘ZƵŶŽĨĨŽĨƚŚĞd^&ĨůŽǁƐƚŽƚŚĞƌĞĐůĂŝŵƉŽŶĚďǇŐƌĂǀŝƚǇ͘dŚĞŵŝŶĞƉŝƚĂŶĚƚŚĞƉƌŽĐĞƐƐƉůĂŶƚǇĂƌĚĂƌĞ ĞĂĐŚĞƋƵŝƉƉĞĚǁŝƚŚĂĚĞĚŝĐĂƚĞĚƌĞƚĞŶƚŝŽŶƉŽŶĚ͘^ƚŽƌŵǁĂƚĞƌĐŽůůĞĐƚĞĚŝŶƚŚĞƌĞƚĞŶƚŝŽŶƉŽŶĚƐŝƐƉƵŵƉĞĚƚŽƚŚĞƌĞĐůĂŝŵ ƉŽŶĚ͘dŚĞƚĂďůĞϱͲϭƐŚŽǁƐƚŚĂƚŝŶĂŶĂǀĞƌĂŐĞǇĞĂƌ͕ƚŚĞƌĞĐůĂŝŵƉŽŶĚǁŝůůĚŝƐĐŚĂƌŐĞĂŶĂǀĞƌĂŐĞŽĨĂƉƉƌŽǆŝŵĂƚŝǀĞůǇϭϳϱϲ ŵϹͬĚƉůƵƐƚŚĞĨůŽǁŽĨŵŝŶĞĚĞǁĂƚĞƌŝŶŐ͕ǁŚŝĐŚǀĂƌŝĞƐĨƌŽŵϰϱŵϹͬĚŝŶzĞĂƌϭƚŽϭϭϴϲŵϹͬĚŝŶzĞĂƌϭϮ;^ĞĞƚĂďůĞϱͲϭĂͿ͘

,ŽǁĞǀĞƌ͕ŝŶĞǆƚƌĞŵĞĚƌǇƐƵŵŵĞƌŵŽŶƚŚƐ͕ĞǀĂƉŽƌĂƚŝŽŶǁŝůůĞǆĐĞĞĚƉƌĞĐŝƉŝƚĂƚŝŽŶ͘/ŶƚŚŝƐĐĂƐĞ͕ƚŚĞƉƌŽĐĞƐƐƉůĂŶƚǁŝůůŚĂǀĞ ƚŽƵƐĞƚŚĞƌĞƐĞƌǀĞŝŶƚŚĞƌĞĐůĂŝŵƉŽŶĚĨŽƌƚŚĞŵĂŬĞͲƵƉǁĂƚĞƌ͘/ƚŝƐĞƐƚŝŵĂƚĞĚƚŚĂƚŝŶƚŚĞĞǆƚƌĞŵĞĚƌǇŵŽŶƚŚ͕ƚŚĞƉůĂŶƚŵĂǇ ŚĂǀĞƚŽĚƌĂǁĂƉƉƌŽǆŝŵĂƚŝǀĞůǇϭϲϯϬϬŵϹŽĨǁĂƚĞƌĨƌŽŵƚŚĞƌĞĐůĂŝŵƉŽŶĚĨŽƌŝƚƐŶĞĞĚŽĨŵĂŬĞͲƵƉǁĂƚĞƌ͘

&ŽƌƉŽŶĚWϭĐĂƚĐŚďĂƐŝŶ͕ƚŚĞĂǀĞƌĂŐĞĚĂŝůǇƌƵŶŽĨĨǁŝůůďĞĂƉƉƌŽǆŝŵĂƚŝǀĞůǇϭϳϲŵϹͬĚ͘,ŽǁĞǀĞƌ͕ŝŶĚƌǇƐƵŵŵĞƌŵŽŶƚŚƐ͕

ĞǀĂƉŽƌĂƚŝŽŶǁŝůůĞǆĐĞĞĚƉƌĞĐŝƉŝƚĂƚŝŽŶ͕ƚŚĞƌĞǁŝůůďĞŶŽƌƵŶŽĨĨ͘dŚĞƌĞƐƵůƚŝƐĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĂƚĨĂĐƚƚŚĂƚƚŚĞŽƵƚĨĂůůŽĨƉŽŶĚ WϭŝƐĂŶŝŶƚĞƌŵŝƚƚĞŶƚǁĂƚĞƌĐŽƵƌƐĞ͘KŶƚŚĞŽƚŚĞƌŚĂŶĚ͕ŝŶĂǁĞƚŵŽŶƚŚ͕ĂǀĞƌĂŐĞĚĂŝůǇƌƵŶŽĨĨŵĂǇƌĞĂĐŚĂƐŚŝŐŚĂƐϳϱϬŵϹͬĚ͘

&ŽƌƉŽŶĚWϮĐĂƚĐŚďĂƐŝŶ͕ƚŚĞĂǀĞƌĂŐĞĚĂŝůǇƌƵŶŽĨĨǁŝůůďĞĂƉƉƌŽǆŝŵĂƚŝǀĞůǇϱϬϬŵϹͬĚ͘,ŽǁĞǀĞƌ͕ŝŶĚƌǇƐƵŵŵĞƌŵŽŶƚŚƐ͕

ĞǀĂƉŽƌĂƚŝŽŶǁŝůůĞǆĐĞĞĚƉƌĞĐŝƉŝƚĂƚŝŽŶ͕ƚŚĞƌĞǁŝůůďĞŶŽƌƵŶŽĨĨ͘dŚĞƌĞƐƵůƚŝƐĐŽŶƐŝƐƚĞŶƚǁŝƚŚƚŚĂƚĨĂĐƚƚŚĂƚƚŚĞŽƵƚĨĂůůŽĨƉŽŶĚ WϮŝƐĂŶŝŶƚĞƌŵŝƚƚĞŶƚǁĂƚĞƌĐŽƵƌƐĞ͘KŶƚŚĞŽƚŚĞƌŚĂŶĚ͕ŝŶĂǁĞƚŵŽŶƚŚ͕ĂǀĞƌĂŐĞĚĂŝůǇƌƵŶŽĨĨŵĂǇƌĞĂĐŚĂƐŚŝŐŚĂƐϮϭϬϬ ŵϹͬĚ͘

(18)

ƌ͗ͰŐĂƚͲϬϬϮϰϳϴϴϯͲϭϬͰϲϬƌĠĂůŝƐĂƚŝŽŶͰϲϮĐŽŶĐĞƉƚŝŽŶƌĂƉƉŽƌƚƐĞƚĚĞǀŝƐͰϲϮ͘ϮƌĂƉƉŽƌƚƐƚĞĐŚŶŝƋƵĞƐͰǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐϮϬϭϵͲϬϮͲϭϴĨŝŶĂů͘ĚŽĐǆ ϭϬ

dĂďůĞϱͲϭtĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐʹd^&ZĞĐůĂŝŵƉŽŶĚ

dĂďůĞϱ͘ϭĂͲƐƚŝŵĂƚĞĚĨůŽǁŽĨŵŝŶĞĚĞǁĂƚĞƌŝŶŐΎ

zĞĂƌϭ ϰϱ ŵϹͬĚ

zĞĂƌϮ ϭϯϳ ŵϹͬĚ

zĞĂƌϯ ϮϲϮ ŵϹͬĚ

zĞĂƌϰ ϯϳϴ ŵϹͬĚ

zĞĂƌϱ ϱϬϵ ŵϹͬĚ

zĞĂƌϲ ϱϵϴ ŵϹͬĚ

zĞĂƌϳ ϲϲϵ ŵϹͬĚ

zĞĂƌϴ ϴϬϱ ŵϹͬĚ

zĞĂƌϵ ϵϴϵ ŵϹͬĚ

zĞĂƌϭϬ ϭϭϬϰ ŵϹͬĚ

zĞĂƌϭϭ ϭϭϲϯ ŵϹͬĚ

zĞĂƌϭϮ ϭϭϴϲ ŵϹͬĚ

ΎĂƐĞĚŽŶƚŚĞƉƌĞůŝŵŝŶĂƌǇƌĞƐƵůƚƐŽĨEƵŵĞƌŝĐĂů'ƌŽƵŶĚǁĂƚĞƌ&ůŽǁDŽĚĞů

DŽŶƚŚ ηĚĂǇƐ ^ŶŽǁŵĞůƚ ǀĂƉŽƌĂƚŝŽŶ dĂŝůŝŶŐ WƌŽĐĞƐƐ Wŝƚ WƌŽĐĞƐƐ

ǀŐ͘ tĞƚ ƌǇ ŵŽŝƐƚƵƌĞ ƐƵƌƉůƵƐ ĚĞǁĂƚĞƌŝŶŐ ŵĂŬĞͲƵƉ ǀŐ͘ tĞƚ ƌǇ

;ŵŵͿ ;ŵŵͿ ;ŵŵͿ ;ŵŵͿ ;ŵŵͿ ;ŵϹͬĚͿ ;ŵϹͬĚͿ ;ŵϹͬĚͿ ;ŵϹͬĚͿ ;ŵϹͬĚͿ ;ŵϹͬĚͿ ;ŵϹͬĚͿ

:ĂŶƵĂƌǇ ϯϭ ϱϲ͘Ϭ ϴϱ͘ϰ ϯϯ͘ϴ ϯ͘ϱ ϯϯϲ ϮϮϯ Ͳϰϰϰ ϭϴϭϬ Ϯϳϱϳ ϭϬϵϯ

&ĞďƌƵĂƌǇ Ϯϴ ϯϵ͘ϯ ϲϴ͘ϴ ϴ͘ϲ ϯ͘ϱ ϯϯϲ ϮϮϯ Ͳϰϰϰ ϭϯϵϱ Ϯϰϰϳ Ϯϵϳ

DĂƌĐŚ ϯϭ ϱϮ͘ϯ ϵϰ͘ϲ ϭϯ͘Ϯ ϳ͘Ϭ ϯϯϲ ϮϮϯ Ͳϰϰϰ ϭϱϳϴ Ϯϵϰϭ ϯϭϱ

Ɖƌŝů ϯϬ ϱϱ͘ϱ ϵϲ͘Ϯ ϭϱ͘ϲ ϯϲ͘ϲ ϭϱ͘ϴ ϯϯϲ ϮϮϯ Ͳϰϰϰ Ϯϲϱϵ ϰϬϭϳ ϭϯϯϬ

DĂǇ ϯϭ ϳϮ͘Ϯ ϭϯϬ͘ϯ ϭϵ͘ϭ ϯϯ͘ϯ ϯϯϲ ϮϮϯ Ͳϰϰϰ ϭϯϳϯ ϯϮϰϲ ͲϯϰϮ

:ƵŶĞ ϯϬ ϵϰ͘Ϭ ϭϲϮ͘ϲ ϯϯ͘ϰ ϱϮ͘ϱ ϯϯϲ ϮϮϯ Ͳϰϰϰ ϭϱϬϬ ϯϳϴϱ ͲϱϮϮ

:ƵůǇ ϯϭ ϭϬϰ͘ϱ ϭϲϮ͘Ϭ ϰϰ͘ϵ ϲϰ͘ϴ ϯϯϲ ϮϮϯ Ͳϰϰϰ ϭϯϵϴ ϯϮϱϮ ͲϱϮϱ

ƵŐƵƐƚ ϯϭ ϭϬϳ͘Ϭ ϮϬϭ͘Ϯ ϰϱ͘ϲ ϲϯ͘Ϭ ϯϯϲ ϮϮϯ Ͳϰϰϰ ϭϱϯϲ ϰϱϳϰ Ͳϰϰϲ

^ĞƉƚĞŵďĞƌ ϯϬ ϭϭϲ͘Ϯ Ϯϱϳ͘ϱ ϰϬ͘Ϯ ϰϳ͘ϯ ϯϯϲ ϮϮϯ Ͳϰϰϰ Ϯϰϭϯ ϳϭϮϰ ͲϭϮϬ

KĐƚŽďĞƌ ϯϭ ϭϬϬ͘Ϭ ϭϳϱ͘Ϯ ϰϵ͘Ϭ ϯϯ͘ϯ ϯϯϲ ϮϮϯ Ͳϰϰϰ ϮϮϲϴ ϰϲϵϱ ϲϮϯ

EŽǀĞŵďĞƌ ϯϬ ϳϲ͘ϰ ϭϮϴ͘ϱ ϳ͘ϭ ϭϵ͘ϯ ϯϯϲ ϮϮϯ Ͳϰϰϰ ϮϬϮϭ ϯϳϱϳ ͲϮϵϬ

ĞĐĞŵďĞƌ ϯϭ ϲϵ͘Ϯ ϭϯϲ͘Ϯ ϭϲ͘Ϯ ϳ͘Ϭ ϯϯϲ ϮϮϯ Ͳϰϰϰ ϮϭϮϭ ϰϮϴϯ ϰϭϮ

ŶŶƵĂů ϯϲϱ ϵϰϵ ϭϭϵϮ ϳϮϱ ϯϱϬ ϯϯϲ ϮϮϯ ϰϱƚŽϭϭϴϲ Ͳϰϰϰ ϭϳϱϲ ϮϰϮϯ ϭϭϰϰ

ĂƐŝŶĂƌĞĂ

Ͳd^& ϱϵ͘ϱ ŚĂ

ͲDŝŶĞWŝƚ ϯϬ͘ϵ ŚĂ

ͲWƌŽĐĞƐƐƉůĂŶƚ ϵ͘ϲ ŚĂ

ͲdŽƚĂů ϭϬϬ ŚĂ

^ĞĞdĂďůĞϱͲϭĂ

WƌĠĐŝƉŝƚĂƚŝŽŶ ŝƐĐŚĂƌŐĞ

(19)

ƌ͗ͰŐĂƚͲϬϬϮϰϳϴϴϯͲϭϬͰϲϬƌĠĂůŝƐĂƚŝŽŶͰϲϮĐŽŶĐĞƉƚŝŽŶƌĂƉƉŽƌƚƐĞƚĚĞǀŝƐͰϲϮ͘ϮƌĂƉƉŽƌƚƐƚĞĐŚŶŝƋƵĞƐͰǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐϮϬϭϵͲϬϮͲϭϴĨŝŶĂů͘ĚŽĐǆ ϭϭ

dĂďůĞϱͲϮtĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐʹWŽŶĚWϭ

DŽŶƚŚ ηĚĂǇƐ WƌĠĐŝƉŝƚĂƚŝŽŶ ^ŶŽǁŵĞůƚ ǀĂƉŽƌĂƚŝŽŶ ZƵŶŽĨĨ

ǀŐ͘ tĞƚ ƌǇ ǀŐ͘ tĞƚ ƌǇ

;ŵŵͿ ;ŵŵͿ ;ŵŵͿ ;ŵŵͿ ;ŵŵͿ ;ŵϹͬĚͿ ;ŵϹͬĚͿ ;ŵϹͬĚͿ

:ĂŶƵĂƌǇ ϯϭ Ͳ Ͳ Ͳ ϯ͘ϱ Ͳ Ͳ Ͳ

&ĞďƌƵĂƌǇ Ϯϴ Ͳ Ͳ Ͳ ϯ͘ϱ Ͳ Ͳ Ͳ

DĂƌĐŚ ϯϭ Ͳ Ͳ Ͳ ϳ͘Ϭ Ͳ Ͳ Ͳ

Ɖƌŝů ϯϬ ϱϱ͘ϱ ϵϲ͘Ϯ ϭϱ͘ϲ ϯϲ͘ϲ ϭϱ͘ϴ ϮϳϮ ϰϭϳ ϭϯϬ

DĂǇ ϯϭ ϳϮ͘Ϯ ϭϯϬ͘ϯ ϭϵ͘ϭ ϯϯ͘ϯ ϭϯϱ ϯϯϱ Ͳϰϵ

:ƵŶĞ ϯϬ ϵϰ͘Ϭ ϭϲϮ͘ϲ ϯϯ͘ϰ ϱϮ͘ϱ ϭϰϴ ϯϵϯ Ͳϲϴ

:ƵůǇ ϯϭ ϭϬϰ͘ϱ ϭϲϮ͘Ϭ ϰϰ͘ϵ ϲϰ͘ϴ ϭϯϳ ϯϯϲ Ͳϲϵ

ƵŐƵƐƚ ϯϭ ϭϬϳ͘Ϭ ϮϬϭ͘Ϯ ϰϱ͘ϲ ϲϯ͘Ϭ ϭϱϮ ϰϳϳ ͲϲϬ

^ĞƉƚĞŵďĞƌ ϯϬ ϭϭϲ͘Ϯ Ϯϱϳ͘ϱ ϰϬ͘Ϯ ϰϳ͘ϯ Ϯϰϲ ϳϱϬ ͲϮϱ

KĐƚŽďĞƌ ϯϭ ϭϬϬ͘Ϭ ϭϳϱ͘Ϯ ϰϵ͘Ϭ ϯϯ͘ϯ ϮϯϬ ϰϵϬ ϱϰ

EŽǀĞŵďĞƌ ϯϬ ϳϲ͘ϰ ϭϮϴ͘ϱ ϳ͘ϭ ϭϵ͘ϯ ϮϬϰ ϯϵϬ Ͳϰϯ

ĞĐĞŵďĞƌ ϯϭ Ͳ Ͳ Ͳ ϳ͘Ϭ Ͳ Ͳ Ͳ

ŶŶƵĂů ϯϲϱ ϵϰϵ͘Ϭ ϭϭϵϮ͘ϰ ϳϮϱ͘ϰ ϯϱϬ ϭϳϲ Ϯϰϳ ϭϭϬ

ĂƚĐŚďĂƐŝŶ͗ ϭϬ͘ϳ ŚĂ

dĂďůĞϱͲϯtĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐʹWŽŶĚWϮ

DŽŶƚŚ ηĚĂǇƐ WƌĠĐŝƉŝƚĂƚŝŽŶ ^ŶŽǁŵĞůƚ ǀĂƉŽƌĂƚŝŽŶ ZƵŶŽĨĨ

ǀŐ͘ tĞƚ ƌǇ ǀŐ͘ tĞƚ ƌǇ

;ŵŵͿ ;ŵŵͿ ;ŵŵͿ ;ŵŵͿ ;ŵŵͿ ;ŵϹͬĚͿ ;ŵϹͬĚͿ ;ŵϹͬĚͿ

:ĂŶƵĂƌǇ ϯϭ Ͳ Ͳ Ͳ ϯ͘ϱ Ͳ Ͳ Ͳ

&ĞďƌƵĂƌǇ Ϯϴ Ͳ Ͳ Ͳ ϯ͘ϱ Ͳ Ͳ Ͳ

DĂƌĐŚ ϯϭ Ͳ Ͳ Ͳ ϳ͘Ϭ Ͳ Ͳ Ͳ

Ɖƌŝů ϯϬ ϱϱ͘ϱ ϵϲ͘Ϯ ϭϱ͘ϲ ϯϲ͘ϲ ϭϱ͘ϴ ϳϳϯ ϭϭϴϲ ϯϲϵ

DĂǇ ϯϭ ϳϮ͘Ϯ ϭϯϬ͘ϯ ϭϵ͘ϭ ϯϯ͘ϯ ϯϴϮ ϵϱϮ Ͳϭϯϵ

:ƵŶĞ ϯϬ ϵϰ͘Ϭ ϭϲϮ͘ϲ ϯϯ͘ϰ ϱϮ͘ϱ ϰϮϭ ϭϭϭϲ Ͳϭϵϰ

:ƵůǇ ϯϭ ϭϬϰ͘ϱ ϭϲϮ͘Ϭ ϰϰ͘ϵ ϲϰ͘ϴ ϯϵϬ ϵϱϰ Ͳϭϵϱ

ƵŐƵƐƚ ϯϭ ϭϬϳ͘Ϭ ϮϬϭ͘Ϯ ϰϱ͘ϲ ϲϯ͘Ϭ ϰϯϮ ϭϯϱϱ Ͳϭϳϭ

^ĞƉƚĞŵďĞƌ ϯϬ ϭϭϲ͘Ϯ Ϯϱϳ͘ϱ ϰϬ͘Ϯ ϰϳ͘ϯ ϲϵϵ Ϯϭϯϭ Ͳϳϭ

KĐƚŽďĞƌ ϯϭ ϭϬϬ͘Ϭ ϭϳϱ͘Ϯ ϰϵ͘Ϭ ϯϯ͘ϯ ϲϱϰ ϭϯϵϮ ϭϱϰ

EŽǀĞŵďĞƌ ϯϬ ϳϲ͘ϰ ϭϮϴ͘ϱ ϳ͘ϭ ϭϵ͘ϯ ϱϳϵ ϭϭϬϳ ͲϭϮϯ

ĞĐĞŵďĞƌ ϯϭ Ͳ Ͳ Ͳ ϳ͘Ϭ Ͳ Ͳ Ͳ

ŶŶƵĂů ϯϲϱ ϵϰϵ͘Ϭ ϭϭϵϮ͘ϰ ϳϮϱ͘ϰ ϯϱϬ ϰϵϵ ϳϬϮ ϯϭϯ

ĂƚĐŚďĂƐŝŶ͗ ϯϬ͘ϰ ŚĂ

(20)

ƌ͗ͰŐĂƚͲϬϬϮϰϳϴϴϯͲϭϬͰϲϬƌĠĂůŝƐĂƚŝŽŶͰϲϮĐŽŶĐĞƉƚŝŽŶƌĂƉƉŽƌƚƐĞƚĚĞǀŝƐͰϲϮ͘ϮƌĂƉƉŽƌƚƐƚĞĐŚŶŝƋƵĞƐͰǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐϮϬϭϵͲϬϮͲϭϴĨŝŶĂů͘ĚŽĐǆ ϭϮ

/ƚŝƐĂƐƐƵŵĞĚƚŚĂƚĚƵƌŝŶŐƚŚĞŝĐĞͲĐŽǀĞƌƉĞƌŝŽĚ;ĞĐĞŵďĞƌƚŽDĂƌĐŚͿ͕ƉƌĞĐŝƉŝƚĂƚŝŽŶǁŝůůŶŽƚĐŽŶƚƌŝďƵƚĞƚŽƚŚĞƉŽŶĚƐ͘WƌŽĐĞƐƐ ǁĂƚĞƌĚĞŵĂŶĚŵĂǇŚĂǀĞƚŽďĞƐĂƚŝƐĨŝĞĚďǇƚŚĞƐƚŽƌĂŐĞŽĨƚŚĞƉŽŶĚƐ͘/ƚǁŽƵůĚďĞŶĞĐĞƐƐĂƌǇƚŽƉĞƌĨŽƌŵĂďĂƚŚǇŵĞƚƌǇƐƵƌǀĞǇ ŽĨƚŚĞƉŽŶĚƐŝŶĂĨƵƚƵƌĞƐƚƵĚǇ͕ŵŽƐƚůǇƚŽĐŽŶĨŝƌŵƚŚĞǀŽůƵŵĞŽĨƉŽŶĚWϭ͘

tĞĐŽŶƐŝĚĞƌƚŚĂƚƉŽŶĚƐǁĂƚĞƌƋƵĂůŝƚǇŝŶdŽƚĂů^ŽůŝĚƐŝƐďĞƚƚĞƌƚŚĂŶƚŚĂƚŽĨƚŚĞƌĞĐůĂŝŵƉŽŶĚĚŝƐĐŚĂƌŐĞ͘tĞƚŚĞŶƌĞĐŽŵŵĞŶĚ ƵƐŝŶŐƚŚĞƉŽŶĚǁĂƚĞƌĨŽƌŝŶŝƚŝĂůĨŝůůƵƉŽĨƚŚĞƉƌŽĐĞƐƐƉůĂŶƚ͕ĂŶĚŵŽƌĞŝŵƉŽƌƚĂŶƚůǇĨŽƌĨŝƌĞƉƌŽƚĞĐƚŝŽŶ͘/ƚŝƐŝŵƉŽƌƚĂŶƚƚŽůŝŵŝƚ ƚŚĞƵƐĞŽĨǁĂƚĞƌĨƌŽŵƉŽŶĚWϮĨŽƌŽŶůǇĞŵĞƌŐĞŶĐǇƐŝƚƵĂƚŝŽŶƐ͕ĂƐƚŚĞƉŽŶĚĨĞĞĚƐĂǀĞƌǇƐĞŶƐŝƚŝǀĞĨŝƐŚŚĂďŝƚĂƚŝŶĐůƵĚŝŶŐ ƐƉĂǁŝŶŐĂƌĞĂƐ͘

ϲ͘ DĂŶĂŐĞŵĞŶƚŽĨ^ƵƌĨĂĐĞZƵŶŽĨĨƐ

/ŶĂŵŝŶĞƐŝƚĞ͕ƐƵƌĨĂĐĞƌƵŶŽĨĨƐĐĂŶďĞĚŝǀŝĚĞĚŝŶƚǁŽĐĂƚĞŐŽƌŝĞƐ͗ŽŶƚĂŵŝŶĂƚĞĚĂŶĚŶŽŶͲĐŽŶƚĂŵŝŶĂƚĞĚ͘

dŚĞ ĚĞƐŝŐŶ ŽĨ ƚŚĞ ŶŽŶͲĐŽŶƚĂŵŝŶĂƚĞĚ ƌƵŶŽĨĨ ĚƌĂŝŶĂŐĞ ƐǇƐƚĞŵƐ ƐŚŽƵůĚ ƌĞƐƉĞĐƚ ƚŚĞ ƌĞƋƵŝƌĞŵĞŶƚƐ ĂŶĚ ĨŽůůŽǁ ƚŚĞ ƌĞĐŽŵŵĞŶĚĂƚŝŽŶƐŝŶ͞'ƵŝĚĞĚĞŐĞƐƚŝŽŶĚĞƐĞĂƵǆƉůƵǀŝĂůĞƐ͘͟dŚĞĚĞƐŝŐŶŽĨƚŚĞĐŽŶƚĂŵŝŶĂƚĞĚƌƵŶŽĨĨĚƌĂŝŶĂŐĞƐǇƐƚĞŵƐ ƐŚŽƵůĚƌĞƐƉĞĐƚƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐŽĨ͞ŝƌĞĐƚŝǀĞϬϭϵƐƵƌů͛ŝŶĚƵƐƚƌŝĞŵĂŶŝğƌĞ͘͟

dŚĞƐƚƵĚǇŝŶĐůƵĚĞƐĐĂƚĐŚďĂƐŝŶƐƚŚĂƚĂƌĞƉĂƌƚŽĨƚŚĞŵŝŶĞ͛ƐǁĂƚĞƌƐƵƉƉůǇƐĐŚĞŵĞ͘dŚĞƐĞŝŶĐůƵĚĞƚŚĞd^&͕ƚŚĞŵŝŶĞƉŝƚ͕ƚŚĞ ƉŽŶĚWϭĂŶĚƚŚĞƉƌŽĐĞƐƐƉůĂŶƚǇĂƌĚ͘ZƵŶŽĨĨƐƚŽƚŚĞƉŽŶĚWϭĂƌĞĐŽŶƐŝĚĞƌĞĚŶŽŶͲĐŽŶƚĂŵŝŶĂƚĞĚ͘ZƵŶŽĨĨƐĨƌŽŵƚŚĞŽƚŚĞƌ ƚŚƌĞĞĐĂƚĐŚďĂƐŝŶƐĂƌĞĐŽŶƐŝĚĞƌĞĚĐŽŶƚĂŵŝŶĂƚĞĚ͘

ĐĐŽƌĚŝŶŐƚŽŝƌĞĐƚŝǀĞϬϭϵ͕ĂƌĞƚĞŶƚŝŽŶƉŽŶĚŵƵƐƚďĞƉƌŽǀŝĚĞĚĨŽƌĐŽŶƚĂŵŝŶĂƚĞĚƌƵŶŽĨĨƐ͘dŚĞǀŽůƵŵĞŽĨƚŚĞƌĞƚĞŶƚŝŽŶ ƉŽŶĚŵƵƐƚďĞĞŶŽƵŐŚƚŽƌĞƚĂŝŶϮϰŚŽƵƌƐŽĨƌĂŝŶĨĂůůŽĨĂĐƌŝƚŝĐĂůĞǀĞŶƚƉůƵƐϯϬĚĂǇƐŽĨƐŶŽǁŵĞůƚ͘dŚĞƋƵĂŶƚŝƚǇŽĨƐŶŽǁ ĐŽƌƌĞƐƉŽŶĚƐƚŽĂƌĞĐƵƌƌĞŶĐĞƉĞƌŝŽĚŽĨϭϬϬǇĞĂƌƐ͘

ϲ͘ϭ ^ƵŵŵĂƌǇĚĞƐĐƌŝƉƚŝŽŶŽĨƚŚĞƐƵƌĨĂĐĞƌƵŶŽĨĨŵĂŶĂŐĞŵĞŶƚƐǇƐƚĞŵ

/ƚŚĂƐďĞĞŶƉƌŽƉŽƐĞĚďǇƚŚĞŚǇĚƌŽŐĞŽůŽŐŝĐĂůƐƚƵĚĂǇƚŽĐŽŶƐƚƌƵĐƚĂƌĞĐůĂŝŵƉŽŶĚĂƚƚŚĞd^&ƐŝƚĞ͘ůůĐŽŶƚĂŵŝŶĂƚĞĚƐƵƌĨĂĐĞ ƌƵŶŽĨĨ͕ƉƌŽĐĞƐƐƉůĂŶƚƐƵƌƉůƵƐƐǁĂƚĞƌ͕ĂƐǁĞůůĂƐŐƌŽƵŶĚǁĂƚĞƌĨƌŽŵƚŚĞŽƉĞŶƉŝƚĚĞǁĂƚĞƌŝŶŐǁŝůůďĞƐĞŶƚƚŽƚŚŝƐƌĞĐůĂŝŵ ƉŽŶĚ͘dŚĞƐƵƉĞƌŶĂƚĂŶƚŽĨƚŚĞƌĞĐůĂŝŵƉŽŶĚǁŝůůďĞƌĞĐŝƌĐƵůĂƚĞĚďĂĐŬƚŽƚŚĞƉƌŽĐĞƐƐƉůĂŶƚĂƐƉƌŽĐĞƐƐŵĂŬĞͲƵƉǁĂƚĞƌ͘dŚĞ ƐƵƌƉůƵƐƉŽƌƚŝŽŶŽĨƚŚĞƐƵƉĞƌŶĂƚĂŶƚǁŝůůďĞĚŝƐĐŚĂƌŐĞĚƚŽƚŚĞĞŶǀŝƌŽŶŵĞŶƚ;^ƚƌĞĂŵ^ϳͿ͘

DŽƌĞƐƉĞĐŝĨŝĐĂůůǇ͕ƚŚĞƌĞĐůĂŝŵƉŽŶĚǁŝůůƌĞĐĞŝǀĞǁĂƚĞƌĨƌŽŵƚŚĞĨŽůůŽǁŝŶŐƐŽƵƌĐĞƐ͗

Ͳ ^ƵƌĨĂĐĞƌƵŶŽĨĨŽĨƚŚĞd^&͖

Ͳ ^ƚŽƌŵǁĂƚĞƌĨƌŽŵƚŚĞƉƌŽĐĞƐƐƉůĂŶƚǇĂƌĚ͘ZŚĂƐĨŽƌĞƐĞĞŶĂƌĞƚĞŶƚŝŽŶƉŽŶĚĂƚƚŚĞƉƌŽĐĞƐƐƉůĂŶƚǇĂƌĚ͕ǁŚŝĐŚŝƐƐŝǌĞĚ ĨŽƌϭϬϬͲǇĞĂƌƌĂŝŶĨĂůůĞǀĞŶƚ͘tĂƚĞƌĨƌŽŵƚŚĞƌĞƚĞŶƚŝŽŶƉŽŶĚƐŚŽƵůĚďĞƉƵŵƉĞĚƚŽƚŚĞƌĞĐůĂŝŵƉŽŶĚĂƚĂĨůŽǁƌĂƚĞŽĨ ϮϱϬϬŵϹͬĚ;ƚŽĞŵƉƚǇƚŚĞĨƵůůƌĞƚĞŶƚŝŽŶďĂƐŝŶŝŶϳĚĂǇƐͿ͖

Ͳ tĂƚĞƌĂĐĐƵŵƵůĂƚĞĚŝŶƚŚĞƌĞƚĞŶƚŝŽŶƉŽŶĚĂƚƚŚĞďŽƚƚŽŵŽĨƚŚĞŵŝŶĞƉŝƚ͘/ƚŝƐƉƌŽƉŽƐĞĚƚŽŵĂŝŶƚĂŝŶĂƌĞƚĞŶƚŝŽŶƉŽŶĚ ĂƚƚŚĞďŽƚƚŽŵŽĨƚŚĞƉŝƚƚŽĐŽůůĞĐƚƚŚĞƌƵŶŽĨĨƐ͘tĂƚĞƌĨƌŽŵƚŚĞƌĞƚĞŶƚŝŽŶƉŽŶĚǁŝůůĂůƐŽďĞƉƵŵƉĞĚƚŽƚŚĞƌĞĐůĂŝŵƉŽŶĚ ĂƚĂĨůŽǁƌĂƚĞŽĨϴϬϬϬŵϹͬĚ͖

Ͳ 'ƌŽƵŶĚǁĂƚĞƌĐŽůůĞĐƚĞĚďǇƚŚĞƉŝƚĚĞǁĂƚĞƌŝŶŐƐǇƐƚĞŵ͘dŚĞĨůŽǁǀĂƌŝĞƐĨƌŽŵϰϱŵϹͬĚŝŶzĞĂƌϭƚŽϭϭϴϲŵϹͬĚŝŶzĞĂƌ Ͳ ϭϮ͖WƌŽĐĞƐƐƉůĂŶƚƐƵƌƉůƵƐǁĂƚĞƌ͕ĞǀĂůƵĂƚĞĚƚŽďĞϮϮϯŵϹͬĚďǇZ͘

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ƌ͗ͰŐĂƚͲϬϬϮϰϳϴϴϯͲϭϬͰϲϬƌĠĂůŝƐĂƚŝŽŶͰϲϮĐŽŶĐĞƉƚŝŽŶƌĂƉƉŽƌƚƐĞƚĚĞǀŝƐͰϲϮ͘ϮƌĂƉƉŽƌƚƐƚĞĐŚŶŝƋƵĞƐͰǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐϮϬϭϵͲϬϮͲϭϴĨŝŶĂů͘ĚŽĐǆ ϭϯ

WĞƌƌĞƋƵŝƌĞŵĞŶƚŽĨŝƌĞĐƚŝǀĞϬϭϵ͕ƚŚĞƌĞƚĞŶƚŝŽŶƉŽŶĚƐǁŝůůďĞƐŝǌĞĚĨŽƌϭϬϬͲǇĞĂƌƌĂŝŶĨĂůů͕ƉůƵƐϯϬĚĂǇƐŽĨƐŶŽǁŵĞůƚǀŽůƵŵĞ͘

dŚĞƐƚŽƌŵǁĂƚĞƌƐĞǁĞƌƐƐŚĂůůĂůƐŽďĞĚĞƐŝŐŶĞĚĨŽƌϭϬϬͲǇĞĂƌƌĂŝŶĨĂůů͘

dŚĞƌĞĐůĂŝŵƉŽŶĚĚŝƐĐŚĂƌŐĞǁĂƚĞƌƐŚĂůůŵĞĞƚƚŚĞƋƵĂůŝƚǇƌĞƋƵŝƌĞŵĞŶƚŽĨŝƌĞĐƚŝǀĞϬϭϵ;dĂďůĞĂƵϮ͘ϭͿ͘dŚĞƋƵĂůŝƚǇƉĂƌĂŵĞƚĞƌƐ ŝŶĐůƵĚĞƐƵƐƉĞŶĚĞĚƐŽůŝĚƐ͕ŚǇĚƌŽĐĂƌďŽŶ͕ƚŽƚĂůĐǇĂŶŝĚĞ͕ĂŶĚƐŽŵĞŵĞƚĂůƐ͘ƚƚŚĞƚŝŵĞŽĨƚŚĞƐƚƵĚǇ͕ǁĂƚĞƌƋƵĂůŝƚǇŽĨƚŚĞ ĐŽŶƚĂŵŝŶĂƚĞĚ ƌƵŶŽĨĨƐ ŝƐ ƵŶŬŶŽǁŶ͘ dŚĞ ƌĞĐůĂŝŵ ƉŽŶĚ ƉƌŽǀŝĚĞ Ă ƐĞƚƚůŝŶŐ ƚƌĞĂƚŵĞŶƚ ĨŽƌ ƌĞĚƵĐƚŝŽŶ ŽĨ ƐƵƐƉĞŶĚĞĚ ƐŽůŝĚƐ͘

ĚĚŝƚŝŽŶĂůƚƌĞĂƚŵĞŶƚŵĂǇďĞƌĞƋƵŝƌĞĚƐŚŽƵůĚƌƵŶŽĨĨǁĂƚĞƌĐŚĂƌĂĐƚĞƌŝƐƚŝĐƐďĞĐŽŵĞĂǀĂŝůĂďůĞ͘

dŚĞŶĂƚƵƌĂůƉŽŶĚWϭŝƐĂŶŝŶƚĞŐƌĂůƉĂƌƚŽĨƚŚĞǁĂƚĞƌďĂůĂŶĐĞƐǇƐƚĞŵ͕ŝŶƚŚĂƚ͗

Ͳ dŚĞƉŽŶĚǁĂƚĞƌǁŝůůďĞƵƐĞĚĨŽƌŝŶŝƚŝĂůĨŝůůͲƵƉŽĨƚŚĞƉƌŽĐĞƐƐǁĂƚĞƌƚĂŶŬĂƐǁĞůůĂƐƚŚĞĨŝƌĞƉƌŽƚĞĐƚŝŽŶǁĂƚĞƌƚĂŶŬ͖

Ͳ dŚĞƉŽŶĚǁŝůůďĞĞǀĞŶƚƵĂůůǇďĞĚƌŝĞĚŽĨĨĂŶĚĐƵƚŽĨĨĨƌŽŵŝƚƐĂĐƚƵĂůŽƵƚĨĂůů;^ƚƌĞĂŵ^ϭͿĂƐƚŚĞĞǆĐĂǀĂƚŝŽŶŽĨƚŚĞŵŝŶĞ ƉŝƚĞǀŽůǀĞƐ͘

/ƚŝƐƉƌŽƉŽƐĞĚƚŽŝŶƐƚĂůůĂƉƵŵƉŝŶŐƐƚĂƚŝŽŶĨŽƌƚŚĞŝŶŝƚŝĂůĨŝůůƵƉŽĨƚŚĞƉƌŽĐĞƐƐǁĂƚĞƌƚĂŶŬƐĂŶĚƚŚĞĨŝƌĞǁĂƚĞƌƚĂŶŬ͕ĂƐǁĞůůĂƐ ĨŽƌƚƌĂŶƐĨĞƌƚŚĞƉŽŶĚǁĂƚĞƌƚŽƐƚƌĞĂŵ^Ϯ͘

ϲ͘Ϯ ĞƐŝŐŶƌĂŝŶĨĂůůŝŶƚĞŶƐŝƚǇĂŶĚƐŶŽǁŵĞůƚǀŽůƵŵĞ

ĞƐŝŐŶƌĂŝŶĨĂůůŝŶƚĞŶƐŝƚŝĞƐĂƌĞĐĂůĐƵůĂƚĞĚƵƐŝŶŐƚŚĞĨŽůůŽǁŝŶŐ/&ĞƋƵĂƚŝŽŶ͗

ZĂŝŶĨĂůů/ŶƚĞŶƐŝƚǇ͕/;ŵŵͬŚͿсĂͬ;ƚĐнďͿ^Đ dŚĞ/&ĞƋƵĂƚŝŽŶƉĂƌĂŵĞƚĞƌƐĂƌĞƉƌĞƐĞŶƚĞĚŝŶƚĂďůĞϲͲϭ͘

dĂďůĞϲͲϭ/&ƉĂƌĂŵĞƚĞƌƐ;ŚŝďŽƵŐĂŵĂƵͲŚĂƉĂŝƐƐƚĂƚŝŽŶͿ

WĂƌĂŵĞƚĞƌ ϮǇƌ ϱǇƌ ϭϬǇƌ ϮϱǇƌ ϭϬϬǇƌ

Ͳ/&ƉĂƌĂŵĞƚĞƌ͕Ă ϯϳϯ͘ϳϭ ϰϲϭ͘ϮϮ ϱϮϭ͘ϴϲ ϱϵϴ͘ϭϲ ϳϬϰ͘Ϭϰ

Ͳ/&ƉĂƌĂŵĞƚĞƌ͕ď ϯ͘Ϭ Ϯ͘ϭ ϭ͘ϴ ϭ͘ϱ ϭ͘ϭ

Ͳ/&ƉĂƌĂŵĞƚĞƌ͕Đ Ϭ͘ϳϮϲ Ϭ͘ϳϭϵ Ϭ͘ϳϭϳ Ϭ͘ϳϭϰ Ϭ͘ϳϭϬ

ĨĂĐƚŽƌŽĨĂƵŐŵĞŶƚĂƚŝŽŶŽĨϮϬйŝƐĂƉƉůŝĞĚƚŽƚŚĞĐĂůĐƵůĂƚĞĚƌĂŝŶĨĂůůŝŶƚĞŶƐŝƚǇƚŽĐŽŶƐŝĚĞƌƚŚĞĞĨĨĞĐƚŽĨĐůŝŵĂƚĞĐŚĂŶŐĞ͕ĂƐ ĚŝƌĞĐƚĞĚŝŶŝƌĞĐƚŝǀĞϭϵĂŶĚ͞'ƵŝĚĞĚĞ'ĞƐƚŝŽŶĚĞƐĂƵǆWůƵǀŝĂůĞƐ͟ĨƌŽŵD>͘dŚĞĚĞƐŝŐŶϭϬϬͲǇĞĂƌϮϰͲŚƌƌĂŝŶĨĂůů ĚĞƉƚŚŝƐĞƐƚŝŵĂƚĞĚĂƚϭϭϰŵŵ͘

dŚĞƐŶŽǁŵĞůƚǀŽůƵŵĞŝƐĞƐƚŝŵĂƚĞĚďĂƐĞĚŽŶƚŚĞĨŽůůŽǁŝŶŐĚĂƚĂĂŶĚĂƐƐƵŵƉƚŝŽŶƐ͗

Ͳ dŚĞŵĂǆŝŵƵŵƐŶŽǁĂĐĐƵŵƵůĂƚŝŽŶĚĞƉƚŚŝŶƉƌŝůŽďƐĞƌǀĞĚĂƚƚŚĞŚŝďŽƵŐĂŵĂƵͲŚĂƉĂŝƐƐƚĂƚŝŽŶŝƐϴϵϴŵŵ͖

Ͳ dŚĞƐŶŽǁĂĐĐƵŵƵůĂƚĞĚŽŶŐƌŽƵŶĚŝŶƉƌŝůǁŝůůŵĞůƚŝŶϯϬĚĂǇƐ͘

Ͳ dŚĞƐŶŽǁƚŽǁĂƚĞƌƌĂƚŝŽŝƐϭϬй

dŚĞŽďƐĞƌǀĞĚŵĂǆŝŵƵŵĚĞƉƚŚŽĨƐŶŽǁĂĐĐƵŵƵůĂƚĞĚŽŶŐƌŽƵŶĚĂƚŚŝďŽƵŐĂŵŽƵͲŚĂƉŝƐŝĂŝƌƉŽƌƚƐƚĂƚŝŽŶϴϵϴŵŵ͘dŚĞ ĞƋƵŝǀĂůĞŶƚǁĂƚĞƌĚĞƉƚŚŽĨϯϬͲĚĂǇƐŶŽǁŵĞůƚŝƐĞƐƚŝŵĂƚĞĚĂƚϴϵ͘ϴŵŵ

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ƌ͗ͰŐĂƚͲϬϬϮϰϳϴϴϯͲϭϬͰϲϬƌĠĂůŝƐĂƚŝŽŶͰϲϮĐŽŶĐĞƉƚŝŽŶƌĂƉƉŽƌƚƐĞƚĚĞǀŝƐͰϲϮ͘ϮƌĂƉƉŽƌƚƐƚĞĐŚŶŝƋƵĞƐͰǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐϮϬϭϵͲϬϮͲϭϴĨŝŶĂů͘ĚŽĐǆ ϭϰ

ϲ͘ϯ ĂůĐƵůĂƚŝŽŶƐŽĨƐƵƌĨĂĐĞƌƵŶŽĨĨĂŶĚƐŶŽǁŵĞůƚǀŽůƵŵĞ

dĂďůĞϲͲϮƐŚŽǁƐĂƐƵŵŵĂƌǇŽĨƚŚĞĐĂůĐƵůĂƚŝŽŶƐŽĨƐƵƌĨĂĐĞƌƵŶŽĨĨĂŶĚƐŶŽǁŵĞůƚǀŽůƵŵĞ͘dŚĞƌĞĐŽŵŵĞŶĚĞĚŵŝŶŝŵƵŵ ǀŽůƵŵĞƐĨŽƌƚŚĞƌĞƚĞŶƚŝŽŶƉŽŶĚƐĂƌĞ͗

Ͳ &Žƌd^&͗ ϭϬϵϭϳϯŵϹ

Ͳ DŝŶĞƉŝƚ͗ ϱϲϲϵϳŵϹ

Ͳ WƌŽĐĞƐƐƉůĂŶƚǇĂƌĚ͗ ϭϳϲϳϯŵϹ

/ŶƚŚĞĐĂůĐƵůĂƚŝŽŶƐĨŽƌƚŚĞŵŝŶĞƉŝƚ͕ŝƚŝƐĂƐƐƵŵĞĚƚŚĂƚĨŽƌƚŚĞůŝĨĞŽĨŵŝŶĞ;>KDͿŽĨƚǁĞůǀĞ;ϭϮͿǇĞĂƌƐ͕ƚŚĞƉƌŽƉŽƐĞĚƉŝƚ ĞǆĐĂǀĂƚŝŽŶƐƚĂŐĞƐǁŝƚŚŝŶĐƌĞĂƐŝŶŐƉŝƚĚĞƉƚŚŽǀĞƌƚŚĞĞŶƚŝƌĞĂƌĞĂŽĨƚŚĞŵŝŶĞ͘

dĂďůĞϲͲϮĂůĐƵůĂƚŝŽŶƐŽĨƐƵƌĨĂĐĞƌƵŶŽĨĨĂŶĚƐŶŽǁŵĞůƚǀŽůƵŵĞ

ĞƐĐƌŝƉƚŝŽŶ d^& DŝŶĞƉŝƚ WƌŽĐĞƐƐƉůĂŶƚ

ĂƚĐŚďĂƐŝŶĂƌĞĂ ϱϵ͘ϱ ϯϬ͘ϵ ϵ͘ϲϭϮϰ

ZƵŶŽĨĨĐŽĞĨĨŝĐŝĞŶƚ Ϭ͘ϴϮ Ϭ͘ϴϮ Ϭ͘ϴϮ

ϭϬϬͲǇƌϮϰͲŚƌƌĂŝŶĨĂůůĚĞƉƚŚ ϭϭϰ ϭϭϰ ϭϭϰ

ϯϬͲĚĂǇƐŶŽǁŵĞůƚ ϴϵ͘ϴ ϴϵ͘ϴ ϴϵ͘ϴ

sŽůƵŵĞŽĨƌĞƚĞŶƚŝŽŶƉŽŶĚƐ ϭϬϵϭϳϯ ϱϲϲϵϳ ϭϳϲϯϳ

ϲ͘ϰ ĂůĐƵůĂƚŝŽŶƐŽĨƌƵŶŽĨĨƐŽĨƚŚĞĐĂƚĐŚďĂƐŝŶŽĨWŽŶĚWϭ

dŚĞƌƵŶŽĨĨƐŽĨƚŚĞĐĂƚĐŚďĂƐŝŶŽĨWŽŶĚWϭĂƌĞĐŽŶƐŝĚĞƌĞĚŶŽŶͲĐŽŶƚĂŵŝŶĂƚĞĚ͘dŚĞƉŽŶĚǁĂƚĞƌǁŝůůďĞƵƐĞĚĨŽƌŝŶŝƚŝĂůĨŝůůͲƵƉ ŽĨƚŚĞƉƌŽĐĞƐƐǁĂƚĞƌƚĂŶŬĂƐǁĞůůĂƐƚŚĞĨŝƌĞƉƌŽƚĞĐƚŝŽŶǁĂƚĞƌƚĂŶŬ͘/ƚŚĂĚďĞĞŶĚĞĐŝĚĞĚƚŚĂƚƚŚĞĨŝůůͲƵƉƚŝŵĞƐŚŽƵůĚďĞ ǁŝƚŚŝŶϮϰŚŽƵƌƐ͘

dŚĞƉŽŶĚǁŝůůďĞĞǀĞŶƚƵĂůůǇĐƵƚŽĨĨĨƌŽŵŝƚƐĂĐƚƵĂůŽƵƚĨĂůů;^ƚƌĞĂŵ^ϭͿĂƐƚŚĞĞǆĐĂǀĂƚŝŽŶŽĨƚŚĞŵŝŶĞƉŝƚĞǀŽůǀĞƐ͘ĐĐŽƌĚŝŶŐ ƚŽƚŚĞƉƌĞůŝŵŝŶĂƌǇƌĞƐƵůƚƐŽĨEƵŵĞƌŝĐĂů'ƌŽƵŶĚǁĂƚĞƌ&ůŽǁDŽĚĞů͕ƚŚĞƉŽŶĚWϭĐŽƵůĚďĞĐŽŵƉůĞƚĞůǇĚƌĂŝŶĞĚĂĨƚĞƌƚŚĞĨŝƌƐƚ ǇĞĂƌŽĨĞǆĐĂǀĂƚŝŽŶŽĨƚŚĞƉŝƚ͘

tĞƉƌŽƉŽƐĞĚƚŽŝŶƐƚĂůůĂƚĞŵƉŽƌĂƌǇƉƵŵƉŝŶŐƐƚĂƚŝŽŶŽĨϱϬϬϬŵϹͬĚ;Ϭ͘Ϭϱϴ>ͬƐͿĐĂƉĂĐŝƚǇ͘dŚĞƉƵŵƉŝŶŐƐƚĂƚŝŽŶǁŝůůŚĂǀĞĚƵĂů ƉƵƌƉŽƐĞƐŽĨ͕

Ͳ /ŶŝƚŝĂůĨŝůůͲƵƉŽĨƚŚĞƉƌŽĐĞƐƐǁĂƚĞƌƚĂŶŬĂŶĚƚŚĞĨŝƌĞǁĂƚĞƌƚĂŶŬ͖

Ͳ dƌĂŶƐĨĞƌƚŚĞƉŽŶĚǁĂƚĞƌƚŽƚŚĞƐƚƌĞĂŵ^ϮŝĨƚŚĞƉŽŶĚŝƐĐƵƚŽĨĨĨƌŽŵŝƚƐŶĂƚƵƌĂůŽƵƚĨĂůů͘/ŶƚŚŝƐĐĂƐĞ͕ƚŚĞƉŽŶĚWϭƐĞƌǀĞƐ ĂƐĂŚǇĚƌĂƵůŝĐƌĞƚĞŶƚŝŽŶƉŽŶĚĨŽƌƉĞĂŬƌƵŶŽĨĨƐĚƵƌŝŶŐĞǆƚƌĞŵĞƌĂŝŶĨĂůůĞǀĞŶƚƐ͘

dĂďůĞϲͲϯƐŚŽǁƐƚŚĞĐĂůĐƵůĂƚŝŽŶƐŽĨƐƵƌĨĂĐĞƌƵŶŽĨĨƐŽĨƚŚĞĐĂƚĐŚďĂƐŝŶŽĨWŽŶĚWϭ͘

(23)

ƌ͗ͰŐĂƚͲϬϬϮϰϳϴϴϯͲϭϬͰϲϬƌĠĂůŝƐĂƚŝŽŶͰϲϮĐŽŶĐĞƉƚŝŽŶƌĂƉƉŽƌƚƐĞƚĚĞǀŝƐͰϲϮ͘ϮƌĂƉƉŽƌƚƐƚĞĐŚŶŝƋƵĞƐͰǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐϮϬϭϵͲϬϮͲϭϴĨŝŶĂů͘ĚŽĐǆ ϭϱ

dĂďůĞϲͲϯĂůĐƵůĂƚŝŽŶƐŽĨƐƚŽƌŵǁĂƚĞƌƌƵŶŽĨĨƐŽĨWŽŶĚWϭ

WĂƌĂŵĞƚĞƌ ϮǇƌ ϱǇƌ ϭϬǇƌ ϮϱǇƌ ϭϬϬǇƌ hŶŝƚ

ĂƚĐŚďĂƐŝŶĂƌĞĂ ϭϭ͘ϵ ŚĂ

ĂůĐƵůĂƚŝŽŶŽĨƚŝŵĞŽĨĐŽŶĐĞŶƚƌĂƚŝŽŶ ƚĐсϯ͘Ϯϲ;ϭ͘ϭͲƉͿ>^Ϭ͘ϱͬ^^Ϭ͘ϯϯ

ZƵŶŽĨĨĐŽĞĨ͕͘Ɖ Ϭ͘ϭϴ Ͳ

>ĞŶŐƚŚ͕> ϰϲϬ ŵ

^ůŽƉĞ͕^ ϭϵ͘ϮϬй

dŝŵĞŽĨĐŽŶĐĞŶƚƌĂƚŝŽŶ͕ƚĐ Ϯϰ ŵŝŶ

ZĂŝŶĨĂůůŝŶƚĞŶƐŝƚǇ͕/ ϯϯ͘ϵ ϰϯ͘ϵ ϱϬ͘ϰ ϲϵ͘ϰ ϴϱ͘ϭ ŵŵͬŚ

ZƵŶŽĨĨ͕Y Ϭ͘ϮϬ Ϭ͘Ϯϲ Ϭ͘ϯϬ Ϭ͘ϰϭ Ϭ͘ϱϭ ŵϹͬƐ

ϳ͘ tĂƚĞƌĚĞŵĂŶĚĂŶĚĚŝƐĐŚĂƌŐĞƐďǇƚŚĞDŝŶĞWƌŽĐĞƐƐƉůĂŶƚĨĂĐŝůŝƚŝĞƐ

ϳ͘ϭ tĂƚĞƌĚĞŵĂŶĚ

tĂƚĞƌĚĞŵĂŶĚƐĂŶĚĚŝƐĐŚĂƌŐĞƐĨƌŽŵƚŚĞĨĂĐŝůŝƚŝĞƐŽĨƚŚĞŵŝŶĞ͛ƐƉƌŽĐĞƐƐƉůĂŶƚŚĂƐďĞĞŶĞƐƚŝŵĂƚĞĚďǇZ͘&ŝŐƵƌĞϱͲϭƐŚŽǁŶ ĂƉůĂŶƚ͛ƐǁĂƚĞƌďĂůĂŶĐĞĨůŽǁĚŝĂŐƌĂŵ͘dŚĞĨůŽǁĚŝĂŐƌĂŵƐŚŽǁƐƚŚĂƚ͕ƚŚĞƉƌŽĐĞƐƐƉůĂŶƚƵƐĞƐĂŚƵŐĞƋƵĂŶƚŝƚǇŽĨǁĂƚĞƌ;ϭϬϴϬϱ ŵϹͬĚͿ͕ĂŶĚƚŚĂƚϵϲйŽĨƚŚĞǁĂƚĞƌ;ϭϬϯϲϭŵϹͬĚͿŝƐƌĞĐǇĐůĞĚ͘dŚĂƚŝƐ͕ƚŚĞƉƌŽĐĞƐƐƉůĂŶƚǁŝůůƌĞƋƵŝƌĞϰϰϰŵϹͬĚŽĨŵĂŬĞƵƉ ǁĂƚĞƌ͘

/ŶƐƵŵŵĂƌǇ͕ǁĂƚĞƌĚĞŵĂŶĚƐďǇƚŚĞƉƌŽĐĞƐƐƉůĂŶƚĂƌĞĂƐĨŽůůŽǁƐ͗

Ͳ &ƌĞƐŚŵĂŬĞƵƉƉƌŽĐĞƐƐǁĂƚĞƌ͗ ϰϰϰŵϹͬĚ;ŶŽŶͲƉŽƚĂďůĞͿ

Ͳ ƌŝŶŬŝŶŐǁĂƚĞƌ͗ ϮϴŵϹͬĚ;ƉŽƚĂďůĞͿ

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ƌ͗ͰŐĂƚͲϬϬϮϰϳϴϴϯͲϭϬͰϲϬƌĠĂůŝƐĂƚŝŽŶͰϲϮĐŽŶĐĞƉƚŝŽŶƌĂƉƉŽƌƚƐĞƚĚĞǀŝƐͰϲϮ͘ϮƌĂƉƉŽƌƚƐƚĞĐŚŶŝƋƵĞƐͰǁĂƚĞƌďĂůĂŶĐĞĂŶĂůǇƐŝƐϮϬϭϵͲϬϮͲϭϴĨŝŶĂů͘ĚŽĐǆ ϭϲ

&ŝŐƵƌĞϱͲϭWƌŽĐĞƐƐƉůĂŶƚŐůŽďĂůǁĂƚĞƌďĂůĂŶĐĞĚƵƌŝŶŐŽƉĞƌĂƚŝŽŶƐ;ďǇZͿ

&ƵƌƚŚĞƌŵŽƌĞ͕ŝƚŚĂƐďĞĞŶĞƐƚĂďůŝƐŚĞĚďǇZƚŚĂƚĂŶŝŶŝƚŝĂůǁĂƚĞƌĚĞŵĂŶĚĞĚŽĨϱϬϬϬŵϹǁŝůůďĞƌĞƋƵŝƌĞĚƚŽĨŝůůƵƉƚŚĞ ƉƌŽĐĞƐƐǁĂƚĞƌƚĂŶŬĨŽƌƉůĂŶƚƐƚĂƌƚ͘

tĂƚĞƌŝƐĂůƐŽƌĞƋƵŝƌĞĚĨŽƌĨŝƌĞƉƌŽƚĞĐƚŝŽŶ͘tĞƌĞĐŽŵŵĞŶĚƚŚĂƚƚŚĞƉůĂŶƚďĞĞƋƵŝƉƉĞĚǁŝƚŚĂĨŝƌĞǁĂƚĞƌƚĂŶŬǁŝƚŚĨŝƌĞ ƉƵŵƉƐ͘dŚĞĨŝƌĞǁĂƚĞƌĚĞŵĂŶĚƐŚŽƵůĚďĞĞƐƚĂďůŝƐŚĞĚďǇƚŚĞĨŝƌĞƉƌŽƚĞĐƚŝŽŶƉƌŽĨĞƐƐŝŽŶĂůƐ͘ƐĨŽƌƚŚĞĨŝƌĞǁĂƚĞƌƚĂŶŬ͕Z ƌĞĐŽŵŵĞŶĚĞĚĂĨŝƌĞǁĂƚĞƌƚĂŶŬǀŽůƵŵĞŽĨϭϬϬϬŵϹ͕ǁŝƚŚĂĨŝůůͲƵƉƚŝŵĞŽĨϮϰŚŽƵƌƐ͘tĞĂůƐŽƌĞĐŽŵŵĞŶĚƚŚĂƚƚŚĞƉůĂŶƚďĞ ĞƋƵŝƉƉĞĚǁŝƚŚĂƐĞƉĂƌĂƚĞĨŝƌĞƉƌŽƚĞĐƚŝŽŶŶĞƚǁŽƌŬ͘dŚĞĨŝƌĞƉƌŽƚĞĐƚŝŽŶǁĂƚĞƌǁŝůůďĞŶŽŶͲƉŽƚĂďůĞďƵƚƐŚŽƵůĚďĞŐŽŽĚƋƵĂůŝƚǇ ŝŶƚĞƌŵƐŽĨƐƵƐƉĞŶĚĞĚƐŽůŝĚƐƚŽĂǀŽŝĚƉŝƉĞĐůŽŐŐŝŶŐĂĨƚĞƌƐƚĂƚŝĐǁĂƚĞƌƐĞĚŝŵĞŶƚĂƚŝŽŶ͘