City Council Chambers
14343 Civic Drive
Victorville, CA
www.victorvilleca.gov
VICTORVILLE CITY COUNCIL
VICTORVILLE LIBRARY BOARD OF TRUSTEES
SOUTHERN CALIFORNIA LOGISTICS AIRPORT AUTHORITY
SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY
THE CITY AS HOUSING ASSETS SUCCESSOR
JOINT POWERS FINANCING AUTHORITY
VICTORVILLE WATER DISTRICT
Regular Meeting Agenda
Tuesday, December 17, 2024
5:00 p.m. Closed Session
6:00 p.m. Regular Session
The
City
Council
holds
its
business
meetings
in
public
in
accordance
with
the
requirements
of
the
Ralph
M.
Brown
Act,
its
established
policies
and
procedures,
and
its
adopted
parliamentary
authority.
The
Council
strives
to
carry
out
its
meetings
in
an
atmosphere
of
professionalism
with
full
participation
by
members
of
the
body
and
the
public.
As
such,
the
Presiding
Officer
is
empowered
to
govern
City
Council
Meetings
to
foster
the
efficient
and
fair
administration
of
City
business
and
reserves
the
right
to
enforce
(or
cause
to
be
enforced)
the
Meeting
Rules
of
Conduct
and
Decorum
as
set
forth
in
Chapter
5 of
the
City
Council Policy and Procedures Manual.
The
City
Council
welcomes
and
encourages
public
participation
and
invites
the
community
to
attend
in
person.
City
Council
Meetings
will
be
held
in-person
at
City
Hall
in
Council
Chambers.
Remote
viewing
of
our
Council
Meetings
is
available
through
YouTube,
but
public
comments
must
be
given
in-person
at
the
meeting or in advance as noted below.
Public
Comments:
Members
of
the
public
may
submit
comments
electronically
by
4 p.m.
the
day
of
the
meeting
to
be
distributed
to
City
Council.
Participants
are
invited
to
address
the
Council
on
agendized
and
non-agendized
topics
at
the
beginning
of
the
meeting.
Public
comments
will
be
no
longer
than
three
(3)
minutes
per
community
member.
Should
a
speaker
conclude
their
comments
prior
to
the
expiration
of
three
(3)
minutes,
the
speaker
waives
the
right
to
speak
for
any
remaining
amount
of
time.
For
further
information
about
how
to
address
the
Council,
please refer to the City's website at
victorvilleca.gov/agendas
.
LEVINE
ACT
DISCLOSURE:
Pursuant
to
the
Levine
Act
(Govt.
Code
section
84308),
any
party
to
a
permit,
license,
contract,
or
other
entitlement
before
the
Victorville
City
Council
is
required
to
disclose
on
the
record
any
campaign
contribution,
including
aggregated
contributions,
of
more
than
$250
made
by
the
party
or
the
party's
agents
within
the
preceding
12 months
to
any
City
official.
Participants
and
agents
are
requested
to
make
this
disclosure
as
well.
The
disclosure
must
include
the
name
of
the
party,
participant,
or
agent,
and
any
other
person
making
the
contribution;
the
name
of
the
recipient,
the
amount
of
the
contribution,
and
the
date
the
contribution was made.
In
compliance
with
the
Americans
with
Disabilities
Act,
if
you
need
special
assistance
to
participate
in
this
meeting,
please
contact
the
City
Clerk's
office
at
(760)
955-5188
no
later
than
72 hours
prior
to
the
meeting.
5:00 p.m. Closed Session
Call to Order
Roll Call
Introduction to Public Comments
Public Comments for Closed Session Items
Declaration of Closed Session Item(s) by City Attorney
CITY COUNCIL
A.
CONFERENCE WITH LEGAL COUNSEL- EXISTING LITIGATION
Pursuant to Government Code § 54956.9(d)(1)
Case
name
unspecified:
(Disclosure
would
jeopardize
existing
settlement
negotiations)
B.
CONFERENCE WITH LEGAL COUNSEL- EXISTING LITIGATION
Pursuant to Government Code § 54956.9(d)(1)
Case
name
unspecified:
(Disclosure
would
jeopardize
existing
settlement
negotiations)
Recess to Closed Session
6:00 p.m. Regular Session
Call to Order
Roll Call
Closed Session Announcements by the City Attorney
Invocation: Pastor Dane Davis with Impact Christian Church
Pledge of Allegiance: Police Captain Randy German
Proclamations/Special Presentations
Proclamation declaring November 30
as Silverado Hawks Day
Presentation to Retiring Employees
•
Sophie Smith, Deputy City Manager
•
Josie Trevino, Human Resources Officer
th
City Clerk Presents Agenda/Revisions to Agenda
Conflict of Interest Declarations
Any
items
on
this
agenda
that
might
be
a
conflict
of
interest
to
any
Council
Members/Board Members should be identified at this time.
Introduction to Public Comments
Public Comments
PUBLIC HEARING(S)
1. Update of the Master User Fee Schedule
Recommendation:
That the Honorable City Council and Victorville Water District Board of Directors:
(1) Open and conduct the Public Hearing;
(2) Close the Public Hearing; and
(3)
Adopt
Resolution
Nos.
24-105
and
VWD
24-010,
amending
the
Master
User
Fee
Schedule
by
adjusting
certain
user
fees
based
on
the
percentage
change
in
the
Consumer
Price
Index,
adding
various
new
fees,
and
making
other
updates
and
conforming changes.
2. Development
Impact
Fees
(DIF)
and
Capacity
Charges
Annual
Review
–
Master
Fee Schedule, Implementation Policy and Capital Improvement Plan
Recommendation:
The
Honorable
City
Council
and
Victorville
Water
District
Board
of
Directors
(District
Board):
(1) Open and conduct the Public Hearing;
(2) Close the Public Hearing; and
(3)
Adopt
Resolution
Nos.
24-005
and
VWD
24-011,
adopting
an
updated
Master
Fee
Schedule
for
DIF
and
Capacity
Charges,
City
Council
Policy
No.
CP-24-05
establishing
updated
guidelines
for
implementation
of
said
DIF
and
Capacity
Charges
and
superseding
City
Council
Policy
No.
CP-23-02,
and
the
associated
updated Capital Improvement Plan.
3. Formation of Community Facilities District No. 2024-01 for Municipal Services
Recommendation:
Staff recommends that the Honorable City Council:
(1)
Adopt
Resolution
No.
24-102
–
Resolution
of
Formation,
forming
CFD
2024-01
and setting an election for December 17, as requested by the property owners; (2)
Adopt
Resolution
No.
24-103
–
Resolution
Certifying
the
Election
Results,
upon
the City Clerk’s opening of the sealed ballots that have been received; (3)
Open
and
Conduct
the
Public
Hearing
to
hear
arguments
for
and
against
the
adoption
of
Ordinance
No.
2453,
to
allow
for
the
levy
of
special
taxes
for
CFD
2024-
01;
(4) Close the Public Hearing;
(5) Introduce Ordinance No. 2453 for adoption and first reading by title only; (6) Waive further reading in full of proposed Ordinance No. 2453; and (7)
Adopt
Resolution
No.
24-107,
establishing
Council
Policy
CP-24-06
for
administration of CFD 2024-01.
CONSENT CALENDAR
4. Reduction of Securities for Tract Map No. 14741
Recommendation:
That
the
Honorable
City
Council
approve
the
full
release
of
the
Monumentation
Faithful Performance Security for Tract Map No.14741.
5. Reduction of Securities for Tract Map No. 16684
Recommendation:
That the Honorable City Council:
(1)
Approve
the
full
release
of
the
Monumentation
Faithful
Performance
Security
for
Tract Map No.16684; and
(2)
Approve
the
full
release
of
the
Public
Improvement
Labor
and
Material
Securities for Tract Map No. 16684.
6. Reduction of Securities for Tract Map No. 14751
Recommendation:
That
the
Honorable
City
Council
approve
the
full
release
of
the
Street
Faithful
Performance Security for Tract Map No. 14751.
7. Payroll Demand Schedule No. 3B
Recommendation:
That
the
City
Council
and
Board
of
Directors
ratify
Payroll
Demand
Schedule
No.
3B
for
Payroll
Period
September
13,
2024,
through
September
27,
2024,
in
the
amount
of
$2,336,456.94
covering
Check
Nos.
34316
through
34332,
including
Vendor
checks.
Please
note
employee
Check
No.
34317
has
a
live
Check
and
an
EFT
Advice.
Also
included
are
Advice
Nos.
318670
and
319230
through
319784,
per
adopted
budget
for
Fiscal
Year
2024-2025
(period
covering
July
1,
2024,
through June 30, 2025).
8. Notice of Completion - Bear Valley Road Reconstruction Project
Recommendation:
That
the
Honorable
City
Council
accept
as
complete
and
approve
the
Notice
of
Completion
for
the
Bear
Valley
Reconstruction
Project
and
authorize
the
City
Manager to execute the Notice of Completion.
9. Reduction of Securities for Tract Map No. 20274
Recommendation:
That the Honorable City Council:
(1)
Approve
an
80-percent
reduction
of
the
Landscape
Maintenance
Assessment
District
(LMAD)
Public
Improvement
Faithful
Performance
Security
for
Tract
Map
No. 20274; and
(2)
Accept
the
completed
Landscape
Maintenance
Assessment
District
(LMAD)
Public Improvements for Tract Map No. 20274.
10. Commercial Demand Schedule No. 10
Recommendation:
That
the
City
Council
and
Board
of
Directors
ratify
Commercial
Demand
Schedule
No.
10 in
the
amount
of
$8,645,766.24,
covering
Electronic
Fund
Transfers
No.
341715
through
341856
and
Warrant
No.
797442
through
797601
for
10/31/2024
through
11/13/2024,
per
the
adopted
budget
for
Fiscal
Year
2024-2025
for
the
period covering July 1, 2024 through June 30, 2025.
11. Reduction of Securities for Tract Map No. 14992
Recommendation:
That
the
Honorable
City
Council
approve
the
full
release
of
the
Street
Improvement
Faithful Performance Security for Tract Map No. 14992.
12. Reduction of Securities for Tract Map No. 14721
Recommendation:
That
the
Honorable
City
Council
approve
the
full
release
of
the
Street
Faithful
Performance Security for Tract Map No. 14721.
13. Reduction of Securities for Tract Map No. 16507
Recommendation:
That the Honorable City Council;
(1)
Approve
the
full
release
of
the
Monumentation
Faithful
Performance
Security
for
Tract Map No.16507; and
(2)
The
release
of
the
Subdivision
Improvement
Agreement
for
Tract
Map
No.
16507.
14. Commercial Demand Schedule No. 11
Recommendation:
That
the
City
Council
and
Board
of
Directors
ratify
Commercial
Demand
Schedule
No.
11 in
the
amount
of
$22,281,357.41,
covering
Electronic
Fund
Transfers
No.
341857
through
342098
and
Warrant
No.
797602
through
797748
for
11/14/2024
through
11/26/2024
and
Wire
Transfers
dated
11/25/2024,
per
the
adopted
budget
for
Fiscal
Year
2024-2025
for
the
period
covering
July
1,
2024
through
June
30,
2025.
15. Notice of Completion – Kern River Interconnect Project
Recommendation:
That
the
Honorable
City
Council
accept
as
complete
and
approve
the
Notice
of
Completion
for
Kern
River
Interconnect
Project
and
authorize
the
City
Manager
to
execute the Notice of Completion.
16. Notice of Completion – Old Town Septic to Sewer Conversion Project
Recommendation:
That
the
Honorable
City
Council
accept
as
complete
and
approve
the
Notice
of
Completion
for
the
Old
Town
Septic
to
Sewer
Conversion
Project
and
authorize
the
City Manager to execute the Notice of Completion.
17. Notice of Completion – Mojave Drive at Condor Road Traffic Signal
Recommendation:
That
the
Honorable
City
Council
accept
as
complete
and
approve
the
Notice
of
Completion
for
the
Mojave
Drive
at
Condor
Road
Traffic
Signal
project
and
authorize the City Manager to execute the Notice of Completion.
WRITTEN COMMUNICATIONS
18. Approval of Final Tract Map No. 14525
Recommendation:
That
the
Honorable
City
Council
conditionally
approve
the
following
actions
subject
to
the
formation
of
Community
Facilities
District
CFD
No.
2024-01
and
the
associated adoption of Ordinance 2453:
(1) Approve Final Tract Map No. 14525;
(2)
Approve
the
execution
of
a
Subdivision
Improvement
Agreement
with
Subdivider (SLPR, LLC) and the City for Final Tract Map No. 14525. (3)
Approve
the
execution
of
a
Lien
Agreement
with
SLPR
LLC
as
security
for
the
public improvements for said tract; and
(4)
Approve
the
release
of
the
Land
Division
Improvement
Construction
Agreement
for Parcel Map No. 15883 Parcel 1.
19. Hazard Mitigation Grant Program
Recommendation:
That
the
Honorable
City
Council
adopt
Resolution
No.
24-086,
authorizing
the
City
Manager
or
his/her
designee
to
apply
for,
accept,
and
execute
all
documents
deemed
necessary
to
facilitate
receipt
of
grant
funding
for
the
Hazard
Mitigation
Grant Program.
20. Building 724 Heating, Ventilation, and Air Conditioning System Replacement
Recommendation:
That the Southern California Logistics Airport Authority Board of Directors:
(1)
Approve
Amendment
Four
to
the
General
Services
Provider
Standard
Agreement
between
SCLAA
and
FM
Thomas
Air
Conditioning
Inc.,
increasing
the
not to exceed compensation amount from $50,000 to $150,000 and; (2)
Adopt
Resolution
No.
SCLAA
24-005
amending
the
fiscal
year
2024-2025
Building 724 Maintenance Budget by $126,296.00 and;
(3)
Approve
FM
Thomas
Air
Conditioning
Inc.,
to
furnish
and
install
a
new
Heating,
Ventilation, and Air Conditioning (“HVAC”) system at Building 724.
21. Construction
Agreement
with
Scorpion
Fire
Protection,
Inc.,
for
Fire
Suppression
System Services, Project JM24-109
Recommendation:
That
the
Southern
California
Logistics
Airport
Authority
Board
of
Directors
approve
the
award
of
a
Construction
Agreement
by
and
between
the
Southern
California
Logistics
Airport
Authority
and
Scorpion
Fire
Protection,
Inc.,
in
the
amount
not
to
exceed
$50,000,
in
support
of
Fire
Suppression
System
Services,
Project
JM24-
109.
22. Consultant/Professional
Services
Provider
Agreement
with
Larry
Walker
Associates,
Inc.
for
National
Pollutant
Discharge
Elimination
System
(NPDES)
Permit for Industrial Wastewater Treatment Plant
Recommendation:
That
the
Honorable
Victorville
Water
District
Board
of
Directors
approve
the
Consultant/Professional
Services
Provider
Agreement
with
Larry
Walker
Associates,
Inc.,
in
an
amount
not
to
exceed
$499,272
for
NPDES
permit
preparation
for
the
Industrial
Wastewater
Treatment
Plant’s
excess
recycled
water
discharge.
23. Custom Truck Beds for Water Field Service Vehicles
Recommendation:
That the Honorable City Council/Board of Directors:
(1)
Find
that
Doug
Page
Manufacturing
is
the
sole
manufacturer
for
the
procurement,
manufacturing
and
installation
of
two
(2)
custom
truck
beds
and
a
sole source is approved in accordance with VMC 2.28.100(b)(2); and (2)
Authorize
the
procurement,
manufacturing
and
installation
of
two
(2)
custom
truck beds in the amount of $239,923 to Doug Page Manufacturing.
24. Extension
of
Sunset
Date
for
Certain
Temporary
Fee
and
Penalty
Waivers
for
Animal Services Pursuant to Section 7.04.055 of the Victorville Municipal Code
Recommendation:
That
the
Honorable
City
Council
adopt
Resolution
No.
24-089,
extending
the
sunset
date
of
certain
temporary
fee
and
penalty
waivers
associated
with
the
licensing and impoundment of dogs and cats in the city to June 30, 2025.
25. Underfunded
Landscape
Maintenance
Assessment
Districts
(LMADs)
1-4,
Consultant Contract Award
Recommendation:
That the Honorable City Council:
(1)
Adopt
Resolution
No.
24-090,
amending
the
Fiscal
Year
2024/2025
budget,
approving
an
additional
appropriation
of
$45,800
of
General
Fund
funds
and
suspending Council Policy No. CP-97-3; and
(2)
Award
a
contract
to
Willdan
Financial
Services
in
an
amount
not
to
exceed
$45,800 for Assessment Engineering Services.
26. Construction
Agreement
with
BluSky
Restoration
Contractors
for
the
City
Hall
Reception and Security Expansion, Project JM25-080
Recommendation:
That
the
Honorable
City
Council
approve
the
award
of
a
construction
agreement
to
BluSky
Restoration
Contractors
in
the
amount
not
to
exceed
$380,928.45
for
the
City Hall Reception and Security Expansion, Project JM25-080.
27. Development
Impact
Fee
Credit
Agreement
against
Roadway
Fees
by
and
between Prologis, LLC and the City of Victorville
Recommendation:
That the Honorable City Council:
(1)
Approve
the
attached
Development
Impact
Fee
Credit
Agreement
against
Roadway Fees by and between Prologis, LLC and the City of Victorville; and (2)
Authorize
the
City
Manager
and
City
Attorney
to
make
non-substantive
changes
and clarifications to the Development Impact Fee Credit Agreement.
28. City
Council
Policy
No.
CP-24-07
–
City
Council
Spending
and
Expense
Reimbursement Policy
Recommendation:
That
Your
Honorable
City
Council
adopt
City
Council
Policy
No.
CP-24-07,
the
City
Council Spending and Expense Reimbursement Policy
29. Possible cancellation of the Regular City Council Meeting of January 7, 2025
Recommendation:
Any action is at the discretion of the City Council.
30. Fiscal
Year
2024-2025
Training
Schedule
for
Newly
Elected
Council
Member
Tiffany Gaudin
Recommendation:
That
Your
Honorable
City
Council
approve
and
authorize
Council
Member
Tiffany
Gaudin
to
attend
the
New
Mayors
and
Council
Members
Academy,
the
City
Leaders Summit, and the City/County Conference.
31. Appointments to City's Committees (Local Appointments List)
Recommendation:
That the City Council:
(1)
Open
nominations
for
two
members
for
the
Community
Revitalization
Investment Authority;
(2) Open nominations for two members for the Audit Committee; (3)
Open
nominations
for
two
members
for
the
Community
Planning
and
Development (CPD) Grants Subcommittee as outlined below; and (4)
Open
nominations
by
newly
elected
Councilmembers
for
the
Planning
Commission
and
Community
Services
Advisory
Committee.
Returning
Councilmembers may re-affirm previous appointments.
32. City Council appointments to outside agencies
Recommendation:
That
the
City
Council
consider
and
appoint
members
to
fill
the
vacant
committee
positions indicated in Attachment A.
33. League of California Cities Policy Committee Travel Approval
Recommendation:
That
Your
Honorable
City
Council
authorize
travel
to
the
League
of
California
Cities
Policy
Committee
meetings
for
the
Council
Member
not
appointed
as
a
representative to the Desert Mountain Division.
34. City Manager Reports
35. Discussion and Possible Action Regarding Upcoming Agenda Items
36. Reports from Council Members
Adjournment
Item Number: 1
City Council / Board of Directors
Public Hearing(s)
Meeting of: December 17, 2024
Submitted By:
Jenele Davidson, Deputy City Manager
Subject:
Update of the Master User Fee Schedule
Recommendation:
That the Honorable City Council and Victorville Water District Board of Directors:
(1) Open and conduct the Public Hearing;
(2) Close the Public Hearing; and
(3) Adopt Resolution Nos. 24-105 and VWD 24-010, amending the Master User Fee Schedule by adjusting certain user fees based on the percentage change in the Consumer Price Index, adding various new fees, and making other updates and conforming changes.
Fiscal Impact:
If approved, the updated Master User Fee Schedule will become effective on January 1, 2025. The revenue estimates for the impacted user fees will be evaluated during the midyear budget review process and adjusted as may be necessary.
Strategic Plan Goal:
Performing an annual review of the Master User Fee Schedule and applying an annual escalator where appropriate helps ensure the City/District is accomplishing Goal A:
Financial Sustainability from the current Strategic Plan. These incremental adjustments help the City/District in recouping costs associated with providing various services.
Background:
As part of a general cost recovery strategy, local governments have adopted user fees to fund services that provide limited or no direct benefit to the community as a whole. User fees recover costs associated with providing specific services which benefit the user, thereby reducing the use of General Fund monies for such purposes. Cost recovery objectives can be based on a variety of factors, including public versus private benefits provided by the service. If an activity has a public benefit, it might be more appropriately 3 8
7 4
supported by the General Fund. Conversely, if an activity has mostly private benefits, it might be more appropriately supported by user fees. Activities that have a mix of public and private benefits might be supported by the combination of user fees and the General Fund. An example of this would be offering Victorville residents a lower fee for Recreation programs because these programs benefit members of our community.
In 2022, the City retained the services of NBS Government Finance Group (“NBS”) to conduct a comprehensive user fee study (“2022 Fee Study”) to understand and establish appropriate levels of cost recovery for City services. The City did so to ensure that the user fees do not exceed the costs of providing the service while also providing an opportunity for the City Council to re-align fee amounts with local cost recovery policies.
The quantitative methods used during the 2022 Study included a cost-of-service analysis and a cost recovery evaluation which: (1) provides a measurable analysis that compiles the full cost of providing governmental services and activities; and (2) compares the existing fee for each service or activity to the average total cost of the service quantified through the analysis.
On June 7, 2022, the City Council/District Board adopted Resolution Nos. 22-055 and VWD 22-008, which approved the 2022 Fee Study and the Master User Fee Schedule.
These resolutions also established an annual review process for user fees to ensure they keep pace with inflation, utilizing the July over July comparison of the Riverside-San Bernardino-Ontario, CA Consumer Price Index for All Urban Consumers (“CPI-U”) to determine the percentage by which the user fees could be adjusted each year. The intent was to consider adoption of revised fees annually each December, with an effective date of January 1st of each year for any adjusted fees approved. Such inflationary adjustments are discretionary and must be approved by the Council at a duly noticed public hearing.
On December 19, 2023, the City Council/District Board adopted Resolution Nos. 23-101 and VWD 23-016, amending the Master User Fee Schedule by adjusting certain user fees by the CPI-U for July 2023 over July 2022, which was 3.29%, and adding certain fees not previously included on the Master User Fee Schedule for Recreation and Library programming and operations. Those fees became effective on January 1, 2024.
On February 20, 2024, the City Council adopted Resolution No. 24-010 to approve a minor user fee study and adopt an amendment to the City’s Master User Fee Schedule to establish new business license fees applicable to sidewalk vendors and mobile vehicle vendors. Those fees became effective on April 4, 2024.
Discussion:
As part of the City’s effort to maintain financial sustainability and ensure cost recovery for services, when possible, an updated Master User Fee Schedule (Exhibit A of Attachments A and B) has been drafted for City Council’s/District Board’s consideration. Staff is proposing an annual escalator be applied to the applicable user fees currently in effect based on the July 2024 over July 2023 CPI-U percentage change, which is 2.70%. This CPI-U increase poses a minimal adjustment to user fees, resulting in a smaller impact to customers, in comparison to delaying rates adjustments which could result in a larger 3 8
7 4
increase in the future. Exceptions to the CPI-U adjustment are fees that are percentage- based, market-based or otherwise governed or restricted by statute.
The Master User Fee Schedule has also been updated to include certain new user fees.
A cost-of-service analysis and a cost recovery evaluation has been conducted for all new fees added to the Master User Fee schedule (Exhibit B of Attachments A and B).
Most substantially, two user fee sections were added to the Master User Fee Schedule.
The first section includes new user fees for services that will be offered at the City’s Animal Care & Adoption Center. The second section that was added on the Master User Fee Schedule includes permitting fees for the Industrial Pretreatment Program. The fees for the Industrial Pretreatment Program were studied by NBS in 2018 with the intent to generate revenues required to recover costs in connection with issuing Wastewater Discharge Permits. Although these user fees were adopted in 2018 by Resolution No.
VWD 18-008, they are now being included as part of the overall Master User Fee Schedule document. These fees have not been escalated by CPI as they will be studied again in the near future.
The table below offers a breakdown of all other new fees or new fee subcategories that were added to the Master User Fee Schedule along with a brief explanation as to why the fee is being added:
Animal Services
Late License Renewal Added a flat rate penalty to encourage timely animal license renewals.
Potentially Dangerous or
Vicious Dog Administrative
Hearing
Added fee for cost recovery purposes as staff have
identified that administrative hearings demand
considerable time and attention to complete.
Building
•Electric Vehicle
Charging Station(s)
•Battery Storage Systems
(New Subcategory:
Stand Alone Systems)
•Retaining or Block Wall
(New Subcategory: Each
additional 5,000 s.f.)
Fees added to establish a rate for permit types that were previously not included in the Building Department fee
schedule.
Business License
Fingerprinting/Live Scan
Service
Fee added for the new Live Scan service offered by our
Business License division.
Sidewalk and Mobile
Vendors (New Subcategory:
Event Only License &
Renewal)
Fee added for new “Event Only” Business License
permits to be issued to vendors for City events or private events permitted with a TUP which do not fall under the other subcategories in the Sidewalk and Mobile Vendor
License fee.
3 8
7 4
Code Compliance
Notice to Abate Added fee for cost recovery purposes as staff have identified that completing a Notice to Abate demands
considerable time and attention.
Community Services
•Special Event Permit
•Tournaments
•Vendor Spot at City
Event (10' x 10' booth)
•Victorville Sings
Auditions
Fees added to establish a rate for services or permits
that were previously not included in the Community
Services fee schedule.
•Replacement Library
Card
•Snack Bar Rental
Fees added to recover costs associated with staff time
and overhead costs.
Chair and Table Rentals Fee added to start offering residents a “premium” table and chair rental option for facility rentals.
Kiosk Credit Card
Processing Fee
Added fee for credit card processing fees on the recently installed print release kiosk at the library.
DVD Late Return Fine Added to encourage timely returns of DVD rentals.
Fire Prevention
Pre-Engineered Systems /
Equipment (New
Subcategory: Inspection,
Minor
Modifications/Repairs)
This fee was previously not included in the Fire
Prevention fee schedule and establishes a new lower
fee subcategory for inspections on minor modifications
or repairs.
Engineering
Geotechnical Report Added fee for consultant costs associated with required geotechnical reports.
Police Department
Administrative Penalties for
False or Nuisance Alarms
Added per VMC 3.50.040 to defray costs incurred in
providing emergency services in response to a false
alarm.
Public Works
Cost Recovery – Equipment Fee added for cost recovery purposes, establishing rates for equipment operation costs associated with
responding to road closures or similar events where
Public Works equipment is needed.
The Master User Fee Schedule document has also been updated to include two new exhibits. These exhibits, the Cal OES Rate Letter and the Caltrans Labor Surcharge and Equipment Rental Rate sheet, establish rates for specific user fees in the Fire and Public Works Departments. Although these rates were not calculated by the City or NBS, these rates were previously established by Cal OES & Caltrans respectively, providing the City with industry standard rates to charge for cost recovery. These fees will only be charged by the City for the specific user fees that reference these exhibits. 3 8
7 4
A new hourly rate figure was also added to the bottom of each department’s schedule which will be used to calculate an appropriate fee for services performed by the City or District that are not listed in the Master User Fee Schedule. This rate figure was determined as part of the 2022 Fee Study by calculating the fully burdened hourly rate for staff using a blended/weighted average of costs associated with all positions within each department based on how resources are deployed. Like all other user fees, this rate figure has since been escalated yearly by the percentage change in CPI-U to account for increased costs. If the need arises, the fee for any service not listed will be calculated on a case-by-case basis, using this fully burdened hourly staff labor rate, multiplied by the amount of staff time required to perform the service. Since the 2022 Fee Study, new departments have been added to the Master User Fee Schedule including the Animal Shelter, Public Works (formally “Public Works – Parks”), Risk Management, and the Industrial Pretreatment Program. For those departments that were not included in the 2022 Fee Study, the hourly rate figure has been set to “actual cost” and will be calculated using the actual employee’s fully burdened hourly rate multiplied by the amount of staff time required to perform the service. While it is uncommon to have to utilize these hourly rates, including them provides a means to calculate cost recovery when appropriate.
Additionally, other changes have been incorporated into the Master User Fee Schedule to make corrections or clarifications to existing fees. Some examples of such changes include modifications to the user fee name, fee type, added footnotes, or ensuring that user fees are consistent across departments where appropriate.
Lastly, five fees have been eliminated from the Master User Fee Schedule. In the “Planning” section of the Master User Fee Schedule, the Interim User Permit and Minor Interim User Permit fees were removed as the Victorville Council Policy CP-11-05 on Interim Uses was rescinded with the adoption of Ordinance No. 2448. In the “Land Development and Engineering” section of the Master User Fee Schedule, the Standby Fee WID 1 & Standby Fee WID 2 fees were removed as these were not user fees. Finally, under the “Water - Customer Service” section, the “Other Fees and Service Charges” fee was eliminated as it was a duplicate fee, serving the same purpose as the fee for services not listed.
As the need for new User Fees arises, a cost-of-service analysis and a cost recovery evaluation will be conducted which may result in additional updates to the Master User Fee Schedule before the next annual review.
Staff finds that the proposed increases to the existing User Fees, as well as any newly established or added fees, do not exceed the reasonable costs of providing services and recommend moving forward with the adoption of Resolution Nos. 24-105 and VWD 24- 010.
Staff is available for any questions the Council/Board may have. 3 8
7 4
Attachments: A. Resolution No. 24-105
B. Resolution No. VWD 24-010
Attachment A
RESOLUTION NO. 24-105
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
VICTORVILLE, CALIFORNIA, AMENDI NG THE MASTER USER FEE
SCHEDULE BY ADDING CERTAIN NEW USER FEES, ADJUSTING
CERTAIN USER FEES BASED ON THE INCREASE IN THE CONSUMER
PRICE INDEX (CPI), AND MA KING OTHER UPDATES AND
CONFORMING CHANGES
WHEREAS, the City of Victorville (the “ City”) is a municipal corporation and charter city authorized by the provisions of the Califor nia Constitution and the laws of the State of California to adopt and impose user and regulatory fees and charges for the municipal services and activities it provides (collectively hereinafter “User Fees”); and WHEREAS, Article XIII C, Section 1 of the Cali fornia Constitution generally states that such User Fees may not exceed the City’s reasonable costs of providing the service or performing the activity; and
WHEREAS, the City Council had previously es tablished various User Fees for the services and activities provided by the City; and
WHEREAS, the City must periodically review User Fees to ensure the revenues produced by said fees are sufficient to defray the cost of providing such services and do not exceed the estimated reasonable cost of providing such services; and WHEREAS, the City Council retained NBS Government Finance Group ( “NBS”) to conduct a comprehensive analysis of user fee services and deliver findings through a User Fee Study (the “2022 Fee Study”); and
WHEREAS, the City Council adopted Resolu tion No. 22-055, which approved and adopted the comprehensive 2022 Fee Study and the Master User Fee Schedule, and also implemented an annual review and adjustment of such User Fees in accordance with the percentage change in the July over July Riverside-San Bernardino-Ontario, CA Consumer Price Index for all Urban Consumers (hereinafter “CPI-U”) effective January 1 st of each year, provided that: (1) no
fee or charge as adjusted exceeds the reasonab le costs associated with providing the service; and (2) such adjustments are duly adopted by the City Council, following an appropriately noticed public hearing; and
WHEREAS, the City Council later adopted Reso lution No. 23-101, which approved and adopted an amendment to the Master User Fee Schedule, thereby adjusting certain User Fees based on the increase in the July 2023 over July 2022 CPI-U effective January 1, 2024͖as well as adding certain new fees; and eliminating, reducing, and/or modifying certain other user fees; and WHEREAS, the City Council subsequently adopted Resolution No. 24-010, which amended the Master User Fee Schedule by adding new business license fees for Sidewalk and Mobile Vendors; and
WHEREAS, after reviewing the percentage increase in the July 2024 over July 2023 CPI- U, it is recommended that the User Fees be increased by said CPI-U percentage as set forth in the proposed amended Master User Fee Schedule to ens ure financial sustainability and foster fiscal health through cost recovery; and
WHEREAS, City staff have also identified addi tional municipal services and activities where User Fees could be charged to achieve cost recovery objectives; therefore, the City again retained NBS to conduct a comprehensive analysis and study the costs of providing those additional services and activities, and to develop certain new User Fees to defray the costs of providing such services and activities which do not exceed the reasonable costs therefor; and WHEREAS , pursuant to Government Code Sections 66016 and 66018, notice of the proposed adoption of the amended Master User Fee Schedule was provided in the form of a notice mailed to interested parties fourteen days prior to the hearing, and public hearing notices published on December 6 and December 13, 2024, in the Valley Wide newspaper; and WHEREAS, the proposed amended Master User Fee Schedule and the associated cost of services study for the new or added fees were made available for public review in the City Clerk’s office and on the City’s website on December 6, 2024; and WHEREAS, the City Council conducted a duly noticed public hearing regarding the proposed adoption of the updated Master User Fee Schedule at its regularly scheduled meeting on December 17, 2024, during which it heard public testimony and comment; and WHEREAS, adoption of the proposed amended Master User Fee Schedule is intended to improve the City’s recovery of the costs incurred to provide individual services, and represents the costs reasonably borne by the City in providing direct services to particular individuals or groups rather than to the general populace of the City; and
WHEREAS, the fees set forth for adoption in the proposed attached amended Master User Fee Schedule represent the reasonable costs incurred by the City in providing the listed services and activities and therefore do not exceed the City’s cost of providing the same.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF VICTORVILLE DOES HEREBY RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS.
Section 1. The recitals set forth above are true and correct and are incorporated into this Resolution by this reference together with any definitions and findings set forth therein.
Section 2. The City Council has reviewed a nd hereby approves and adopts the updated Master User Fee Schedule attached hereto as Exhibit A and by this reference incorporated herein, which said Exhibit A reflects: (1) adjustments to certain User Fees based on the percentage increase in the July 2024 over July 2023 CPI-U; (2) the addition of certain new User Fees; and (3) other adjustments that serve to eliminate and/or modify certain user fees.
Section 3. Based upon the cost of services study att ached hereto as Exhibit B, as well the prior cost of services studi es duly conducted, the City Counc il hereby finds and determines that the new and adjusted User Fees contained in the attached Exhibi t A, do not exceed the
estimated reasonable cost of providing the services a nd activities for which said User Fees are levied.
Section 4. The City Council finds that the setting or revising of fees pursuant to this Resolution is exempt from environmental review under the California Environmental Quality Act (“CEQA”), pursuant to Public Resources Code Section 21080(b)(8) and Section 15272 of the CEQA Guidelines, which provide an exemption for the establishment or modification of charges by public agencies that the public agency finds are for the purpose of meeting operating expenses. Based on the record as a whole, the establishment or modifica tion of fees or other charges pursuant to this Resolution is entirely for the purpose of meeting operating expenses in that none of the recommended fees or fee increases would recover more than one hundred percent of the cost incurred by the City to deliver the service provided.
Section 5. This Resolution shall take effect immediately upon its adoption. However, the User Fees set forth in the Mas ter User Fee Schedule in the atta ched Exhibit A shall not be in force or effective until January 1, 2025.
Section 6. The City Clerk shall certify to the passage an adoption of this Resolution; shall enter the same in the book of original reso lutions; and shall make a minute of passage and adoption thereof in the records of the proceedings, in the minutes of the meeting at which this Resolution is passed and adopted.
Exhibit A
/dzK&s/dKZs/>>
D^d
Zh^
Z&
^,
h>
WƌŽƉŽƐĞĚ͗ĞĐĞŵďĞƌϭϳ͕ϮϬϮϰ
ĞƉĂƌƚŵĞŶƚ WĂŐĞη
WůĂŶŶŝŶŐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϯͲϰ >ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϱͲϭϮ ƵŝůĚŝŶŐͲ^ĐĂůĞĚWůĂŶŚĞĐŬ&ĞĞƐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϭϯͲϭϲ ƵŝůĚŝŶŐͲ^ĐĂůĞĚ/ŶƐƉĞĐƚŝŽŶ&ĞĞƐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϭϳͲϮϬ ƵŝůĚŝŶŐͲDŝƐĐĞůůĂŶĞŽƵƐ&ĞĞ/ƚĞŵƐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϮϭͲϮϯ ƵŝůĚŝŶŐͲDĞĐŚĂŶŝĐĂů͕WůƵŵďŝŶŐ͕
ůĞĐƚƌŝĐĂů ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ Ϯϰ &ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϮϱͲϯϮ WŽůŝĐĞ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϯϯ ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϯϰͲϯϲ ŽĚĞ
ŶĨŽƌĐĞŵĞŶƚ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϯϳͲϯϴ ŶŝŵĂůŽŶƚƌŽů ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϯϵͲϰϭ ŶŝŵĂů^ŚĞůƚĞƌ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϰϮͲϰϯ
ĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϰϰ ZŝƐŬDĂŶĂŐĞŵĞŶƚ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϰϱ WƵďůŝĐtŽƌŬƐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϰϲ sDh^ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϰϳͲϰϵ tĂƚĞƌͲƵƐƚŽŵĞƌ^ĞƌǀŝĐĞ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϱϬ tĂƚĞƌͲhƚŝůŝƚLJWĞƌŵŝƚƐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϱϭͲϱϮ ŝƚLJůĞƌŬĂŶĚDŝƐĐĞůůĂŶĞŽƵƐĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞƐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϱϯ ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲWĂƌŬƐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϱϰ ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲ>ŝďƌĂƌLJ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϱϱ ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲZĞĐƌĞĂƚŝŽŶ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϱϲͲϱϵ /ŶĚƵƐƚƌŝĂůWƌĞƚƌĞĂƚŵĞŶƚ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϲϬ
džŚŝďŝƚ
ĂůK
^&ĞĞ^ĐŚĞĚƵůĞ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϲϭ
džŚŝďŝƚ
ĂůƚƌĂŶƐ>ĂďŽƌ^ƵƌĐŚĂƌŐĞĂŶĚ
ƋƵŝƉŵĞŶƚZĞŶƚĂůZĂƚĞƐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϲϮ dĂďůĞŽĨŽŶƚĞŶƚƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ dĂďůĞŽĨŽŶƚĞŶƚƐ
WůĂŶŶŝŶŐ
/ WůĂŶŶŝŶŐŽŵŵŝƐƐŝŽŶƉƉůŝĐĂƚŝŽŶdLJƉĞƐĂŶĚ&ĞĞƐ
ϭ ŽŶĚŝƚŝŽŶĂůhƐĞWĞƌŵŝƚͬƉƉůŝĐĂƚŝŽŶ ĨůĂƚ ϵ ΨϮ͕ϲϬϲ Ϯ͕ϲϳϳΨ Ϯ ĞǀĞůŽƉŵĞŶƚŐƌĞĞŵĞŶƚ
ĂƐĞ&ĞĞ ďĂƐĞ Ψϰ͕Ϭϰϵ ϰ͕ϭϱϴΨ ZĞǀŝƐŝŽŶ ĨůĂƚ Ψϭ͕ϵϳϳ Ϯ͕ϬϯϭΨ ϯ
ŶǀŝƌŽŶŵĞŶƚĂůƐƐĞƐƐŵĞŶƚ
ĂƚĞŐŽƌŝĐĂů
džĞŵƉƚŝŽŶ ĨůĂƚ Ψϭϳϵ ϭϴϰΨ /ŶŝƚŝĂů^ƚƵĚLJͬEĞŐĂƚŝǀĞĞĐůĂƌĂƚŝŽŶͲDŝŶŽƌ ĨůĂƚ ϱ Ψϭ͕ϯϭϴ ϭ͕ϯϱϰΨ /ŶŝƚŝĂů^ƚƵĚLJͬEĞŐĂƚŝǀĞĞĐůĂƌĂƚŝŽŶͲŝƚLJ^ƚĂĨĨZĞǀŝĞǁŽĨŽŶƚƌĂĐƚŽƌ ĨůĂƚ ϭ Ψϯ͕ϭϱϰ ϯ͕ϮϯϵΨ
ŶǀŝƌŽŶŵĞŶƚĂů/ŵƉĂĐƚZĞƉŽƌƚ Ϯ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĨůĂƚ Ψϲ͕ϭϰϰ ϲ͕ϯϭϬΨ ŽŶƚƌĂĐƚŽƌ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϰ 'ĞŶĞƌĂůWůĂŶŵĞŶĚŵĞŶƚ ĨůĂƚ Ψϯ͕ϰϴϯ ϯ͕ϱϳϳΨ ϱ ,ŽŵĞKĐĐƵƉĂƚŝŽŶWĞƌŵŝƚ ĨůĂƚ Ψϭ͕Ϯϳϭ ϭ͕ϯϬϱΨ ϲ WůĂŶŶĞĚhŶŝƚĞǀĞůŽƉŵĞŶƚͬDŽĚŝĨŝĐĂƚŝŽŶ ϲ
WĂƌĐĞů;ϰůŽƚƐŽƌůĞƐƐͿ ĨůĂƚ Ψϯ͕ϵϳϬ ϰ͕ϬϳϴΨ ϱͲϮϱůŽƚƐ ĨůĂƚ Ψϰ͕ϵϮϴ ϱ͕ϬϲϭΨ ϮϲͲϭϬϬůŽƚƐ ĨůĂƚ Ψϱ͕ϴϴϱ ϲ͕ϬϰϰΨ хϭϬϬůŽƚƐ͕ƉĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭϬϬůŽƚƐ ĨůĂƚ Ψϱ͕ϭϬϬ ϱ͕ϮϯϴΨ ϳ ^ŝƚĞWůĂŶͬDŽĚŝĨŝĐĂƚŝŽŶ ĨůĂƚ ΨϮ͕ϲϬϲ Ϯ͕ϲϳϳΨ ϴ ^ƉĞĐŝĨŝĐWůĂŶ ĨůĂƚ Ψϵ͕ϱϮϳ ϵ͕ϳϴϱΨ ϵ ^ƉĞĐŝĨŝĐWůĂŶŵĞŶĚŵĞŶƚ ĨůĂƚ ΨϮ͕ϯϬϳ Ϯ͕ϯϲϵΨ ϭϬ dĞŶƚĂƚŝǀĞWĂƌĐĞůDĂƉͬDŽĚͬ͘ŵĞŶĚĂŶĚsĞƐƚŝŶŐdĞŶƚĂƚŝǀĞWĂƌĐĞůDĂƉ WĂƌĐĞů;ϰůŽƚƐŽƌůĞƐƐͿ ĨůĂƚ Ψϲ͕ϭϮϭ ϲ͕ϮϴϲΨ ϱͲϮϱůŽƚƐ ĨůĂƚ Ψϲ͕ϴϯϯ ϳ͕ϬϭϳΨ ϮϲͲϭϬϬůŽƚƐ ĨůĂƚ Ψϳ͕ϱϰϱ ϳ͕ϳϰϴΨ хϭϬϬůŽƚƐ͕ƉĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭϬϬůŽƚƐ ĨůĂƚ Ψϳ͕Ϯϭϱ ϳ͕ϰϭϬΨ ϭϭ sĂƌŝĂŶĐĞ ĨůĂƚ ΨϮ͕ϰϮϰ Ϯ͕ϰϴϵΨ ϭϮ ŽŶĞŚĂŶŐĞͬŽĚĞŵĞŶĚŵĞŶƚ ĨůĂƚ Ψϯ͕ϰϯϳ ϯ͕ϱϮϵΨ
// ŽŶŝŶŐĚŵŝŶŝƐƚƌĂƚŽƌƉƉůŝĐĂƚŝŽŶdLJƉĞƐĂŶĚ&ĞĞƐ
ϭϯ ĞƌƚŝĨŝĐĂƚĞŽĨŽŵƉůŝĂŶĐĞ ĨůĂƚ ΨϮ͕Ϭϯϳ Ϯ͕ϬϵϮΨ ϭϰ
ŶǀŝƌŽŶŵĞŶƚĂůƐƐĞƐƐŵĞŶƚ
ĂƚĞŐŽƌŝĐĂů
džĞŵƉƚŝŽŶ ĨůĂƚ Ψϭϳϵ ϭϴϰΨ /ŶŝƚŝĂů^ƚƵĚLJͬEĞŐĂƚŝǀĞĞĐůĂƌĂƚŝŽŶͲDŝŶŽƌ ĨůĂƚ ϱ
/ŶŝƚŝĂů^ƚƵĚLJͬEĞŐĂƚŝǀĞĞĐůĂƌĂƚŝŽŶͲŝƚLJ^ƚĂĨĨZĞǀŝĞǁŽĨŽŶƚƌĂĐƚŽƌ ĨůĂƚ ϭ Ψϯ͕ϭϱϰ ϯ͕ϮϯϵΨ ϭϱ &ŝŶĚŝŶŐŽĨWƵďůŝĐŽŶǀĞŶŝĞŶĐĞŽƌEĞĐĞƐƐŝƚLJ ĨůĂƚ ΨϮϴϮ ϮϵϬΨ ϭϲ >Žƚ>ŝŶĞĚũƵƐƚŵĞŶƚ ĨůĂƚ ΨϰϮϰ ϰϯϱΨ ϭϳ >ŽƚDĞƌŐĞƌ ĨůĂƚ ϴ ΨϰϮϯ ϰϯϱΨ ϭϴ DĂƐƚĞƌ^ŝŐŶWƌŽŐƌĂŵ ĨůĂƚ Ψϱϲϱ ϱϴϬΨ ϭϵ DŝŶŽƌŽŶĚŝƚŝŽŶĂůhƐĞWĞƌŵŝƚ ĨůĂƚ Ψϭ͕ϭϰϴ ϭ͕ϭϳϵΨ ϮϬ DŝŶŽƌ^ŝƚĞWůĂŶ ĨůĂƚ Ψϴϵϰ ϵϭϴΨ Ϯϭ DŝŶŽƌ^ŝƚĞWůĂŶͲdƌĂĐƚ ƉĞƌĨůŽŽƌƉůĂŶ Ψϯϳϳ ϯϴϳΨ ϮϮ DŝŶŽƌsĂƌŝĂŶĐĞ ĨůĂƚ Ψϭ͕ϲϳϬ ϭ͕ϳϭϲΨ Ϯϯ DŽĚĞů,ŽŵĞŽŵƉůĞdž ĨůĂƚ ΨϳϬϲ ϳϮϱΨ Ϯϰ DŝŶŽƌĞǀŝĂƚŝŽŶ
&ĞŶĐĞŚĞŝŐŚƚĂĚũƵƐƚŵĞŶƚ ĨůĂƚ ΨϲϭϮ ϲϮϵΨ >ŽƚĐŽǀĞƌĂŐĞ ĨůĂƚ ΨϲϭϮ ϲϮϵΨ WĂƌŬŝŶŐƐƉĂĐĞƌĞĚƵĐƚŝŽŶ ĨůĂƚ ΨϲϭϮ ϲϮϵΨ ^ƚŽĐŬWůĂŶŚĂŶŐĞ ĨůĂƚ ΨϲϭϮ ϲϮϵΨ zĂƌĚĚŝŵĞŶƐŝŽŶ ĨůĂƚ ΨϲϭϮ ϲϮϵΨ &ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ WůĂŶŶŝŶŐ͕WĂŐĞϯŽĨϲϮ
WůĂŶŶŝŶŐ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
Ϯϱ WĞƚWĞƌŵŝƚ ĨůĂƚ Ψϭϴϴ ϭϵϯΨ Ϯϲ ^ƚŽƌĂŐĞŽŶƚĂŝŶĞƌ;ƐͿ ĨůĂƚ Ψϵϰ ϵϳΨ Ϯϳ dĞŶƚĂƚŝǀĞdƌĂĐƚͬWĂƌĐĞůDĂƉDŽĚ ĨůĂƚ Ψϴϵϰ ϵϭϴΨ Ϯϴ tŝƌĞůĞƐƐŽŵŵƵŶŝĐĂƚŝŽŶ&ĂĐŝůŝƚLJ;t&Ϳ
ŽͲůŽĐĂƚŝŽŶŽŶĞdžŝƐƚŝŶŐ;t&Ϳ ĨůĂƚ Ψϭ͕ϭϰϴ ϭ͕ϭϳϵΨ EĞǁŽͲůŽĐĂƚŝŽŶ ĨůĂƚ ΨϮ͕ϬϰϮ Ϯ͕ϬϵϳΨ
/// ^ƉĞĐŝĂů^ƚƵĚŝĞƐĂŶĚĞƉŽƐŝƚ&ĞĞƐ ƐĞĞĞŶŐŝŶĞĞƌŝŶŐ
ĨĞĞƐĐŚĞĚƵůĞ
ƐĞĞ
ĞŶŐŝŶĞĞƌŝŶŐĨĞĞ
ƐĐŚĞĚƵůĞ
/s dĞŵƉŽƌĂƌLJhƐĞƐ
Ϯϵ dĞŵƉŽƌĂƌLJhƐĞWĞƌŵŝƚ;WůĂŶŶŝŶŐZĞǀŝĞǁKŶůLJͿ ĨůĂƚ Ψϵϰ ϵϳΨ ϯϬ dĞŵƉŽƌĂƌLJ^ŝŐŶWĞƌŵŝƚ ĨůĂƚ Ψϰϳ ϰϴΨ ϯϭ ^ƉĞĐŝĂůhƐĞWĞƌŵŝƚ;ĨŽƌ^ƉĞĐŝĂů
ǀĞŶƚƐͿ ϯ
/ŶŝƚŝĂůƉƉůŝĐĂƚŝŽŶZĞǀŝĞǁ ĨůĂƚ Ψϯϳϳ ϯϴϳΨ ĐƚƵĂů
ǀĞŶƚ^ƵƉƉŽƌƚ ƉĞƌĞǀĞŶƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
s ƉƉĞĂůƐ
ϯϮ ƉƉĞĂůƚŽWůĂŶŶŝŶŐŽŵŵŝƐƐŝŽŶ ƉĞƌĂƉƉĞĂů Ψϳϱϯ ϳϳϯΨ ϯϯ ƉƉĞĂůƚŽŝƚLJŽƵŶĐŝů ƉĞƌĂƉƉĞĂů Ψϭ͕ϴϴϯ ϭ͕ϵϯϰΨ
s/ zĂƌĚ^ĂůĞ
ϯϰ zĂƌĚͬ'ĂƌĂŐĞ^ĂůĞ ĨůĂƚ ΨͲ ͲΨ
s// DŝƐĐĞůůĂŶĞŽƵƐ
ϯϱ ŽŶŝŶŐsĞƌŝĨŝĐĂƚŝŽŶ>ĞƚƚĞƌ ĨůĂƚ Ψϵϰ ϵϳΨ ϯϲ /ŶŝƚŝĂůEŽƚŝĐŝŶŐͲDĂŝůŝŶŐŽƐƚƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϯϳ ZĞͲEŽƚŝĐŝŶŐͲ^ƚĂĨĨdŝŵĞĂŶĚDĂŝůŝŶŐŽƐƚƐ ĐƚƵĂůŽƐƚ Ψϵϰ ϵϳΨ ϯϴ WƌĞͲƐƵďŵŝƚƚĂůZĞǀŝĞǁ ĨůĂƚ ϰ EŽŚĂƌŐĞ EŽŚĂƌŐĞ
ϯϵ 'ĞŶĞƌĂůWůĂŶ^ƵƌĐŚĂƌŐĞ ϳ ϭϬ͘Ϭй ϭϬ͘Ϭй
ϰϬ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ Ψϭϴϴ ϭϵϯΨ EŽƚĞƐ
ϭ ŽƐƚƐŽĨĐŽŶƚƌĂĐƚƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞƌĂƉƉůLJƐĞƉĂƌĂƚĞůLJ Ϯ ŝƚLJƐƚĂĨĨƚŝŵĞͬĐŽƐƚĂŶĚĐŽƐƚƐŽĨĐŽŶƚƌĂĐƚƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞ ƌǁŝůůďĞďŝůůĞĚƚŽĂƉƉůŝĐĂŶƚĂƐŶĞĞĚĞĚ ϯ
ϰ
ϱ DŝŶŽƌŵĞĂŶƐĚŽĞƐŶŽƚƌĞƋƵŝƌĞƚĞĐŚŶŝĐĂůƐƚƵĚŝĞƐ͘
ϲ >ŽƚĐŽƵŶƚƐĞdžĐůƵĚĞƌĞŵĂŝŶĚĞƌůŽƚƐĂŶĚůŽƚƐŝŶƚĞŶĚĞĚĨŽƌƉƵďů ŝĐƉƵƌƉŽƐĞƐ͘ ϳ ƉƉůŝĞƐƚŽƵŝůĚŝŶŐƉĞƌŵŝƚƐŝŶǀŽůǀŝŶŐŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶ͕ĂĚĚŝ ƚŝŽŶƐŽŶůLJ ϴ
ϵ ŽŶĚŝƚŝŽŶĂůƵƐĞƉĞƌŵŝƚĨĞĞƐƐŚĂůůďĞǁĂŝǀĞĚĨŽƌƉƵďůŝĐƐĐŚŽŽůƐŝƚĞĂƉƉůŝĐĂƚŝŽŶƐƐƵďŵŝƚƚĞĚďLJWƵďůŝĐ^ĐŚŽŽůŝƐƚƌŝĐƚƐƌĞƉƌĞƐĞŶƚŝŶŐŐƌĂĚĞƐ<ͲϭϮ;WͲϬϱͲ ϬϭͿ͘
>ŽƚDĞƌŐĞƌĨĞĞŵĂLJďĞǁĂŝǀĞĚŝĨƚŚĞůŽƚŵĞƌŐĞƌǁŽƵůĚ;ϭͿĞůŝŵŝŶĂƚĞƐƵďƐƚĂŶĚĂƌĚƉĂƌĐĞůƐĂŶĚͬŽƌ;ϮͿĐƌĞĂƚĞĨƌŽŵƐƵďƐƚĂŶĚĂƌĚƉĂƌĐĞůƐ͕ƉĂƌĐĞůƐƚŚĂƚ ǁŽƵůĚĞŝƚŚĞƌŵĞĞƚŽƌŵŽƌĞĐůŽƐĞůLJĂƉƉƌŽdžŝŵĂƚĞƚŚĞŵŝŶŝŵƵŵďƵŝůĚŝŶŐƐŝƚĞĂƌĞĂƐĂƐƌĞĨůĞĐƚĞĚŝŶƚŚĞnjŽŶŝŶŐŽƌĚŝŶĂŶĐĞ;WͲϴϬͲϳͿ͘ &ĞĞǁŝůůďĞĐŽůůĞĐƚĞĚĂƚƚŝŵĞŽĨĂƉƉůŝĐĂƚŝŽŶƐƵďŵŝƚƚĂůĨŽƌWůĂŶŶŝŶŐŽŵŵŝƐƐŝŽŶƌĞǀŝĞǁ͘ŽƐƚƐͬĨĞĞƐĨŽƌŽƚŚĞƌĚĞƉĂƌƚŵĞŶƚƌĞǀŝĞǁŵĂLJĂƉƉůLJƐĞƉĂƌĂƚĞůLJ KƚŚĞƌĚĞƉĂƌƚŵĞŶƚĨĞĞƐĂƉƉůLJĂƐŶĞĞĚĞĚĨŽƌŝŶŝƚŝĂůĂƉƉůŝĐĂƚŝŽŶƌĞǀŝĞǁ͖ĐŽƐƚƐĨŽƌĂĐƚƵĂůĞǀĞŶƚƐƵƉƉŽƌƚĐŚĂƌŐĞĚĂƐŶĞĞĚĞĚŽŶĂŶĂĐƚƵĂůĐŽƐƚďĂƐŝƐ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ WůĂŶŶŝŶŐ͕WĂŐĞϰŽĨϲϮ
>ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ
/ /ƐƐƵĂŶĐĞ͕WĞƌŵŝƚƚŝŶŐ͕Θ/ŶƐƉĞĐƚŝŽŶ
ϭ WƌĞͲ/ŶƐƉĞĐƚŝŽŶͬZŝŐŚƚͲŽĨͲtĂLJ/ŶǀĞƐƚŝŐĂƚŝŽŶ ĞĂĐŚ ϭ ϳϱΨ ϳϳΨ Ϯ ZKtWĞƌŵŝƚ/ƐƐƵĂŶĐĞ ĞĂĐŚ ϮϬϭΨ ϮϬϲΨ ϯ ZĞͲ/ŶƐƉĞĐƚŝŽŶ ĞĂĐŚ ϭϲϯΨ ϭϲϳΨ ϰ sŝŽůĂƚŝŽŶͬEŽŶͲŽŵƉůŝĂŶĐĞ ĞĂĐŚ ϯ
ZĞĨĞƌƚŽ
sŝĐƚŽƌǀŝůůĞ
DƵŶŝĐŝƉĂůŽĚĞ
ŚĂƉƚĞƌƐϭ͘Ϭϰ
ĂŶĚϭ͘Ϭϱ
ZĞĨĞƌƚŽ
sŝĐƚŽƌǀŝůůĞ
DƵŶŝĐŝƉĂůŽĚĞ
ŚĂƉƚĞƌƐϭ͘Ϭϰ
ĂŶĚϭ͘Ϭϱ
ϱ /ŶƐƉĞĐƚŝŽŶƐKƵƚƐŝĚĞEŽƌŵĂů,ŽƵƌƐ
KǀĞƌƚŝŵĞͲϰͲŚŽƵƌƐŵŝŶ ŚŽƵƌůLJ ϭϭϲΨ ϭϮϬΨ // ŽŶĐƌĞƚĞ/ŶƐƉĞĐƚŝŽŶƐ Ϯ
ϲ ZĞƐŝĚĞŶƚŝĂůƌŝǀĞƉƉƌŽĂĐŚ ĞĂĐŚ ϯϬϭΨ ϯϭϬΨ ϳ ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůƌŝǀĞƉƉƌŽĂĐŚ ĞĂĐŚ ϱϬϮΨ ϱϭϲΨ ϴ ^ŝĚĞǁĂůŬ
ϬͲϭϬϬ>& ďĂƐĞ ϮϱϭΨ ϮϱϴΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞƉĞƌϭϬϬ>& ĞĂĐŚ ϱϬΨ ϱϮΨ ϵ ƵƌďΘ'ƵƚƚĞƌ
ϬͲϭϬϬ>& ďĂƐĞ ϮϱϭΨ ϮϱϴΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞƉĞƌϭϬϬ>& ĞĂĐŚ ϱϬΨ ϱϮΨ /// ƌĂŝŶĂŐĞ/ŶƐƉĞĐƚŝŽŶƐ Ϯ
ϭϬ ĂƚĐŚĂƐŝŶ
ϭͲϰĂƐŝŶƐ ďĂƐĞ ϯϱϮΨ ϯϲϭΨ ĞĂĐŚĂĚĚŝƚŝŽŶĂůϰĂƐŝŶƐ ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ ϭϭ ƵƌďŽƌĞͬhŶĚĞƌ^ŝĚĞǁĂůŬƌĂŝŶ
ϭͲϱĂƐŝŶƐ ďĂƐĞ ϮϬϭΨ ϮϬϲΨ ĞĂĐŚĂĚĚŝƚŝŽŶĂůϱĂƐŝŶƐ ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ ϭϮ ůůĞLJͬZŝďďŽŶ'ƵƚƚĞƌ
ϬͲϭϬϬ>& ďĂƐĞ ϮϬϭΨ ϮϬϲΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞƉĞƌϭϬϬ>& ĞĂĐŚ ϱϬΨ ϱϮΨ ϭϯ ^tWWW
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ ϭ͕ϯϬϲΨ ϭ͕ϯϰϮΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϭϰ tYDWͬEW
^
^ƵďĚŝǀŝƐŝŽŶZĞǀŝĞǁ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ ϭ͕ϯϬϲΨ ϭ͕ϯϰϮΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
DƵůƚŝͬŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůZĞǀŝĞǁ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ ϭ͕ϯϬϲΨ ϭ͕ϯϰϮΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ĂŶĚĞǀĂŶĚ
ŶŐŝŶĞĞƌŝŶŐ͕WĂŐĞϱŽĨϲϮ
>ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϭϱ D^ϰ/ŶƐƉĞĐƚŝŽŶƐ Ϯ
DŝŶŽƌŽŶƐƚƌƵĐƚŝŽŶϮ͘ϱŽƌ>ĞƐƐΘ/ŶͲ&ŝůů>ŽƚƐ ĞĂĐŚ ϱϱϯΨ ϱϲϴΨ ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůͬDƵůƚŝŽƌWƌŽũĞĐƚƐ'ƌĞĂƚĞƌƚŚĂŶϮ͘ϱ ĞĂĐŚ ϴϱϰΨ ϴϳϳΨ ^ƵďĚŝǀŝƐŝŽŶƐ ĞĂĐŚ ϱ͕ϯϮϲΨ ϱ͕ϰϲϵΨ /s dƌĞŶĐŚΘWĂǀĞŵĞŶƚ/ŶƐƉĞĐƚŝŽŶƐ Ϯ
ϭϲ KƉĞŶdƌĞŶĐŚ
džĐĂǀĂƚŝŽŶ
ϬͲϭϬϬ>& ďĂƐĞ ϯϬϭΨ ϯϭϬΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞƉĞƌϭϬϬ>& ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ ϭϳ ŽƌĞ Ϯ
ϬͲϭϬϬ>& ďĂƐĞ ϯϬϭΨ ϯϭϬΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞƉĞƌϭϬϬ>& ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ ϭϴ Ğůů,ŽůĞƐͬŽƌĞ,ŽůĞƐͬWŽƚ,ŽůĞƐͬ^ůŝĐĞWŝƚƐ Ϯ
ϬͲϴ
ďĂƐĞ ϭϬϵΨ ϭϭϮΨ
ϵͲϭϲ
ďĂƐĞ ϭϬϵΨ ϭϭϮΨ
ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞĨŽƌĞĂĐŚ ĞĂĐŚ Ϭ͘ϯϰΨ Ϭ͘ϯϰΨ ϭϳ
н ďĂƐĞ ϭϬϵΨ ϭϭϮΨ
ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞĨŽƌĞĂĐŚ ĞĂĐŚ Ϭ͘ϯϰΨ Ϭ͘ϯϰΨ ϭϵ WĂǀĞŵĞŶƚƵƚƐ Ϯ
ϬͲϯϬϬ>& ďĂƐĞ ϮϬϭΨ ϮϬϲΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞƉĞƌ>& ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ ϮϬ WĂǀŝŶŐ
ϬͲϭϬϬ^Y&d ďĂƐĞ ϯϬϭΨ ϯϭϬΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞƉĞƌϭϬϬ^Y&d ĞĂĐŚ ϭϱϭΨ ϭϱϱΨ s &ŝŶĂůDĂƉZĞǀŝĞǁ&ĞĞƐ
Ϯϭ dĞŶƚĂƚŝǀĞWĂƌĐĞůDĂƉͬDŽĚͬ͘ŵĞŶĚ ĨůĂƚ
^ĞĞWůĂŶŶŝŶŐ
&ĞĞ^ĐŚĞĚƵůĞ
^ĞĞWůĂŶŶŝŶŐ
&ĞĞ^ĐŚĞĚƵůĞ
WĂƌĐĞů;ϰůŽƚƐŽƌůĞƐƐͿ ĨůĂƚ ϯ͕Ϯϲϲ ϯ͕ϯϱϰΨ ϱͲϮϱůŽƚƐ ĨůĂƚ ϱ͕ϳϳϴ ϱ͕ϵϯϰΨ ϮϲͲϭϬϬůŽƚƐ ĨůĂƚ ϵ͕ϳϵϳ ϭϬ͕ϬϲϮΨ хϭϬϬůŽƚƐ͕ƉĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭϬϬůŽƚƐ ĨůĂƚ ϭϲ͕Ϭϳϳ ϭϲ͕ϱϭϭΨ s/ WƵďůŝĐ/ŵƉƌŽǀĞŵĞŶƚͲWůĂŶŚĞĐŬ Ϯ
ϮϮ ŽŵŵĞƌĐŝĂůͬZĞƐŝĚĞŶƚŝĂů^ƵďĚŝǀŝƐŝŽŶ
Ψ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽΨϱϬ͕ϬϬϬ ϵϱϱΨ ϵϴϬΨ Ψ ϱϬ͕ϬϬϭ ďĂƐĞĨĞĞĂƚΨϱϬ͕ϬϬϭ Ϯ͕ϴϲϰΨ Ϯ͕ϵϰϭΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϵϱ͘ϵϰΨ ϮϬϭ͘ϮϯΨ Ψ ϮϱϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϮϱϬ͕ϬϬϬ ϲ͕ϳϴϯΨ ϲ͕ϵϲϲΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϱϬ͘ϳϮΨ ϭϱϰ͘ϳϵΨ Ψ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱϬϬ͕ϬϬϬ ϭϬ͕ϱϱϭΨ ϭϬ͕ϴϯϲΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϲϬ͘ϳϳΨ ϭϲϱ͘ϭϭΨ Ψ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϭ͕ϬϬϬ͕ϬϬϬ ϭϴ͕ϱϴϵΨ ϭϵ͕ϬϵϭΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϲ͘ϯϯΨ ϭϲ͘ϳϳΨ Ψ ϱ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱ͕ϬϬϬ͕ϬϬϬ ϴ Ϯϱ͕ϭϮϭΨ Ϯϱ͕ϳϵϵΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ĂŶĚĞǀĂŶĚ
ŶŐŝŶĞĞƌŝŶŐ͕WĂŐĞϲŽĨϲϮ
>ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
Ϯϯ ŽŶƐƚƌƵĐƚŝŽŶ
džĐĂǀĂƚŝŽŶ;^ŝŶŐůĞͬ/ŶͲ&ŝůůͿ
Ψ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽΨϱϬ͕ϬϬϬ ϭ͕ϬϬϱΨ ϭ͕ϬϯϮΨ Ψ ϱϬ͕ϬϬϭ ďĂƐĞĨĞĞĂƚΨϱϬ͕ϬϬϭ ϰ͕ϬϭϵΨ ϰ͕ϭϮϴΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ Ϯϯϴ͘ϲϱΨ Ϯϰϱ͘ϬϵΨ Ψ ϮϱϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϮϱϬ͕ϬϬϬ ϴ͕ϳϵϮΨ ϵ͕ϬϯϬΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϯϮϭ͘ϱϰΨ ϯϯϬ͘ϮϯΨ Ψ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱϬϬ͕ϬϬϬ ϭϲ͕ϴϯϭΨ ϭϳ͕ϮϴϱΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϲϱ͘ϴϬΨ ϭϳϬ͘ϮϳΨ Ψ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϭ͕ϬϬϬ͕ϬϬϬ Ϯϱ͕ϭϮϭΨ Ϯϱ͕ϳϵϵΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϵϳ͘ϯϰΨ ϵϵ͘ϵϳΨ Ψ ϱ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱ͕ϬϬϬ͕ϬϬϬ ϴ ϲϰ͕ϬϱϴΨ ϲϱ͕ϳϴϳΨ Ϯϰ tĂƚĞƌ/ŵƉƌŽǀĞŵĞŶƚƐ
Ψ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽΨϱϬ͕ϬϬϬ ϵϱϱΨ ϵϴϬΨ Ψ ϱϬ͕ϬϬϭ ďĂƐĞĨĞĞĂƚΨϱϬ͕ϬϬϭ Ϯ͕ϴϲϰΨ Ϯ͕ϵϰϭΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϵϱ͘ϵϰΨ ϮϬϭ͘ϮϯΨ Ψ ϮϱϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϮϱϬ͕ϬϬϬ ϲ͕ϳϴϯΨ ϲ͕ϵϲϲΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϵϬ͘ϵϮΨ ϭϵϲ͘ϬϳΨ Ψ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱϬϬ͕ϬϬϬ ϭϭ͕ϱϱϲΨ ϭϭ͕ϴϲϴΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ Ϯϭϭ͘ϬϭΨ Ϯϭϲ͘ϳϭΨ Ψ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϭ͕ϬϬϬ͕ϬϬϬ ϮϮ͕ϭϬϲΨ ϮϮ͕ϳϬϯΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϮϬ͘ϭϬΨ ϮϬ͘ϲϰΨ Ψ ϱ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱ͕ϬϬϬ͕ϬϬϬ ϴ ϯϬ͕ϭϰϱΨ ϯϬ͕ϵϱϵΨ Ϯϱ ^ĞǁĞƌ/ŵƉƌŽǀĞŵĞŶƚƐ
Ψ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽΨϱϬ͕ϬϬϬ ϵϱϱΨ ϵϴϬΨ Ψ ϱϬ͕ϬϬϭ ďĂƐĞĨĞĞĂƚΨϱϬ͕ϬϬϭ Ϯ͕ϴϲϰΨ Ϯ͕ϵϰϭΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϵϱ͘ϵϰΨ ϮϬϭ͘ϮϯΨ Ψ ϮϱϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϮϱϬ͕ϬϬϬ ϲ͕ϳϴϯΨ ϲ͕ϵϲϲΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϵϬ͘ϵϮΨ ϭϵϲ͘ϬϳΨ Ψ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱϬϬ͕ϬϬϬ ϭϭ͕ϱϱϲΨ ϭϭ͕ϴϲϴΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ Ϯϭϭ͘ϬϭΨ Ϯϭϲ͘ϳϭΨ Ψ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϭ͕ϬϬϬ͕ϬϬϬ ϮϮ͕ϭϬϲΨ ϮϮ͕ϳϬϯΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϮϬ͘ϭϬΨ ϮϬ͘ϲϰΨ Ψ ϱ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱ͕ϬϬϬ͕ϬϬϬ ϴ ϯϬ͕ϭϰϱΨ ϯϬ͕ϵϱϵΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ĂŶĚĞǀĂŶĚ
ŶŐŝŶĞĞƌŝŶŐ͕WĂŐĞϳŽĨϲϮ
>ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
s// WƵďůŝĐ/ŵƉƌŽǀĞŵĞŶƚͲ/ŶƐƉĞĐƚŝŽŶ
Ϯϲ ŽŵŵĞƌĐŝĂůͬZĞƐŝĚĞŶƚŝĂů^ƵďĚŝǀŝƐŝŽŶ
Ψ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽΨϱϬ͕ϬϬϬ ϭ͕ϬϬϱΨ ϭ͕ϬϯϮΨ Ψ ϱϬ͕ϬϬϭ ďĂƐĞĨĞĞĂƚΨϱϬ͕ϬϬϭ ϰ͕ϬϭϵΨ ϰ͕ϭϮϴΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ Ϯϯϴ͘ϲϱΨ Ϯϰϱ͘ϬϵΨ Ψ ϮϱϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϮϱϬ͕ϬϬϬ ϴ͕ϳϵϮΨ ϵ͕ϬϯϬΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϯϮϭ͘ϱϰΨ ϯϯϬ͘ϮϯΨ Ψ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱϬϬ͕ϬϬϬ ϭϲ͕ϴϯϭΨ ϭϳ͕ϮϴϱΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϵϰϰ͘ϱϰΨ ϵϳϬ͘ϬϰΨ Ψ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϭ͕ϬϬϬ͕ϬϬϬ ϲϰ͕ϬϱϴΨ ϲϱ͕ϳϴϳΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϬϯ͘ϲϮΨ ϭϬϲ͘ϰϮΨ Ψ ϱ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱ͕ϬϬϬ͕ϬϬϬ ϴ ϭϬϱ͕ϱϬϳΨ ϭϬϴ͕ϯϱϲΨ Ϯϳ ŽŶƐƚƌƵĐƚŝŽŶ
džĐĂǀĂƚŝŽŶ;^ŝŶŐůĞͬ/ŶͲ&ŝůůͿ
Ψ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽΨϱϬ͕ϬϬϬ ϭ͕ϬϬϱΨ ϭ͕ϬϯϮΨ Ψ ϱϬ͕ϬϬϭ ďĂƐĞĨĞĞĂƚΨϱϬ͕ϬϬϭ ϰ͕ϬϭϵΨ ϰ͕ϭϮϴΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ Ϯϯϴ͘ϲϱΨ Ϯϰϱ͘ϬϵΨ Ψ ϮϱϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϮϱϬ͕ϬϬϬ ϴ͕ϳϵϮΨ ϵ͕ϬϯϬΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϯϮϭ͘ϱϰΨ ϯϯϬ͘ϮϯΨ Ψ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱϬϬ͕ϬϬϬ ϭϲ͕ϴϯϭΨ ϭϳ͕ϮϴϱΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϵϰϰ͘ϱϰΨ ϵϳϬ͘ϬϰΨ Ψ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϭ͕ϬϬϬ͕ϬϬϬ ϲϰ͕ϬϱϴΨ ϲϱ͕ϳϴϳΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϬϯ͘ϲϮΨ ϭϬϲ͘ϰϮΨ Ψ ϱ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱ͕ϬϬϬ͕ϬϬϬ ϴ ϭϬϱ͕ϱϬϳΨ ϭϬϴ͕ϯϱϲΨ Ϯϴ dƌĂĨĨŝĐ^ŝŐŶĂůͬ^ŝŐŶĂŐĞΘ^ƚƌŝƉŝŶŐ
&ŝƌƐƚ^ŝŐŶĂů ĞĂĐŚ ϮϮϲΨ ϮϯϮΨ
ĂĐŚĂĚĚΖů^ŝŐŶĂůhŶĚĞƌƚŚĞ^ĂŵĞWƌŽũĞĐƚ ĞĂĐŚ ϭϱϭΨ ϭϱϱΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ĂŶĚĞǀĂŶĚ
ŶŐŝŶĞĞƌŝŶŐ͕WĂŐĞϴŽĨϲϮ
>ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
Ϯϵ tĂƚĞƌ/ŵƉƌŽǀĞŵĞŶƚƐ
Ψ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽΨϱϬ͕ϬϬϬ ϭ͕ϬϬϱΨ ϭ͕ϬϯϮΨ Ψ ϱϬ͕ϬϬϭ ďĂƐĞĨĞĞĂƚΨϱϬ͕ϬϬϭ ϰ͕ϬϭϵΨ ϰ͕ϭϮϴΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ Ϯϯϴ͘ϲϱΨ Ϯϰϱ͘ϬϵΨ Ψ ϮϱϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϮϱϬ͕ϬϬϬ ϴ͕ϳϵϮΨ ϵ͕ϬϯϬΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϯϮϭ͘ϱϰΨ ϯϯϬ͘ϮϯΨ Ψ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱϬϬ͕ϬϬϬ ϭϲ͕ϴϯϭΨ ϭϳ͕ϮϴϱΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϵϰϰ͘ϱϰΨ ϵϳϬ͘ϬϰΨ Ψ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϭ͕ϬϬϬ͕ϬϬϬ ϲϰ͕ϬϱϴΨ ϲϱ͕ϳϴϳΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϬϯ͘ϲϮΨ ϭϬϲ͘ϰϮΨ Ψ ϱ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱ͕ϬϬϬ͕ϬϬϬ ϴ ϭϬϱ͕ϱϬϳΨ ϭϬϴ͕ϯϱϲΨ ϯϬ ^ĞǁĞƌ/ŵƉƌŽǀĞŵĞŶƚƐ
Ψ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽΨϱϬ͕ϬϬϬ ϭ͕ϬϬϱΨ ϭ͕ϬϯϮΨ Ψ ϱϬ͕ϬϬϭ ďĂƐĞĨĞĞĂƚΨϱϬ͕ϬϬϭ ϰ͕ϬϭϵΨ ϰ͕ϭϮϴΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ Ϯϯϴ͘ϲϱΨ Ϯϰϱ͘ϬϵΨ Ψ ϮϱϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϮϱϬ͕ϬϬϬ ϴ͕ϳϵϮΨ ϵ͕ϬϯϬΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϯϮϭ͘ϱϰΨ ϯϯϬ͘ϮϯΨ Ψ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱϬϬ͕ϬϬϬ ϭϲ͕ϴϯϭΨ ϭϳ͕ϮϴϱΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϵϰϰ͘ϱϰΨ ϵϳϬ͘ϬϰΨ Ψ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϭ͕ϬϬϬ͕ϬϬϬ ϲϰ͕ϬϱϴΨ ϲϱ͕ϳϴϳΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϬϯ͘ϲϮΨ ϭϬϲ͘ϰϮΨ Ψ ϱ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱ͕ϬϬϬ͕ϬϬϬ ϴ ϭϬϱ͕ϱϬϳΨ ϭϬϴ͕ϯϱϲΨ ϯϭ dƌĂĨĨŝĐŽŶƚƌŽů
WůĂŶŚĞĐŬ ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ /ŶƐƉĞĐƚŝŽŶͬDŽŶŝƚŽƌŝŶŐ ĚĂŝůLJ ϳϱΨ ϳϳΨ ϯϮ ^ƵďĚŝǀŝƐŝŽŶ^ƚƌĞĞƚ^ŝŐŶĂŐĞ
͘^ŝŐŶ/ŶƐƚĂůůĂƚŝŽŶ
ϭ͘ϯϲΗ^ƚŽƉ^ŝŐŶ͕ϭͲĂƐĞ͕ϭͲWŽůĞΘϮͲ^ƚƌĞĞƚEĂŵĞ^ŝŐŶƐǁŝƚŚůĂďŽƌ ƉĞƌůŽĐĂƚŝŽŶ ϮϬϭΨ ϮϬϲΨ Ϯ͘ϯϬΗ^ƚŽƉ^ŝŐŶ͕ϭͲĂƐĞ͕ϭͲWŽůĞΘϮͲ^ƚƌĞĞƚEĂŵĞ^ŝŐŶƐǁŝƚŚůĂďŽƌ ƉĞƌůŽĐĂƚŝŽŶ ϮϬϭΨ ϮϬϲΨ ϯ͘ϭͲĂƐĞ͕ϭͲWŽůĞΘϮͲ^ƚƌĞĞƚEĂŵĞ^ŝŐŶƐǁŝƚŚůĂďŽƌ ƉĞƌůŽĐĂƚŝŽŶ ϮϬϭΨ ϮϬϲΨ ͘^ƚƌĞĞƚ^ŝŐŶĂŐĞ/ŶĚŝǀŝĚƵĂůWƌŝĐŝŶŐ
ϭ͘^ƚƌĞĞƚEĂŵĞ^ŝŐŶ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
Ϯ͘WŽůĞ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϯ͘ĂƐĞŶĐŚŽƌ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϰ͘^ƚŽƉ^ŝŐŶ;ZϭͿϯϬΗ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϱ͘^ƚŽƉ^ŝŐŶ;ZϭͿϯϲΗ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϲ͘>ĂďŽƌ/ŶƐƚĂůůĂƚŝŽŶΘ&ĂďƌŝĐĂƚŝŽŶ ƉĞƌůŽĐĂƚŝŽŶ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϳ͘^ŝŐŶdƌƵĐŬ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϴ͘^ŝŐŶĂƉΘƌŽƐƐ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϯϯ DŽŶƵŵĞŶƚĂƚŝŽŶΘĞŶƚĞƌůŝŶĞdŝĞƐ Ϯ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ĂŶĚĞǀĂŶĚ
ŶŐŝŶĞĞƌŝŶŐ͕WĂŐĞϵŽĨϲϮ
>ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϬͲϭϬϬ>ŽƚƐ ďĂƐĞ ϰϬϮΨ ϰϭϯΨ ϭϬϭͲϮϬϬ>ŽƚƐ ďĂƐĞ ϲϬϯΨ ϲϭϵΨ ϮϬϭн>ŽƚƐ ďĂƐĞ ϴϬϰΨ ϴϮϲΨ ϯϰ ^ĞĐƵƌŝƚLJZĞůĞĂƐĞͬ^ƵďƐƚŝƚƵƚŝŽŶ ĞĂĐŚ ϮϰϯΨ ϮϰϵΨ s/// ZĞƉŽƌƚƐ͕^ƚƵĚŝĞƐΘŽĐƵŵĞŶƚZĞǀŝĞǁ
ϯϱ ,LJĚƌŽůŽŐLJ^ƚƵĚLJ
WƌĞůŝŵŝŶĂƌLJ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ ϭ͕ϬϬϱΨ ϭ͕ϬϯϮΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
&ŝŶĂů
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ Ϯ͕ϲϯϴΨ Ϯ͕ϳϬϵΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϯϲ tYDW
WƌĞůŝŵŝŶĂƌLJ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ Ϯ͕ϮϲϭΨ Ϯ͕ϯϮϮΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
&ŝŶĂů
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ ϲϱϯΨ ϲϳϭΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϯϳ ^ĞǁĞƌ&ĞĂƐŝďŝůŝƚLJ^ƚƵĚLJ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ ϭ͕ϭϱϲΨ ϭ͕ϭϴϳΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϯϴ dƌĂĨĨŝĐ^ƚƵĚLJ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ Ϯ͕ϱϭϮΨ Ϯ͕ϱϴϬΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϯϵ tĂƚĞƌ&ĞĂƐŝďŝůŝƚLJ^ƚƵĚLJ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ ϭ͕ϭϱϲΨ ϭ͕ϭϴϳΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϰϬ tĂƚĞƌ^ƵƉƉůLJƐƐĞƐƐŵĞŶƚ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ Ϯ͕ϱϭϮΨ Ϯ͕ϱϴϬΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϰϭ 'ĞŽƚĞĐŚŶŝĐĂůZĞƉŽƌƚ
ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ E
t ĐƚƵĂůŽƐƚ
ϰϮ ZĞƐĞĂƌĐŚ
&ŝƌƐƚϮŚŽƵƌƐ ďĂƐĞ
^ĞĞŝƚLJůĞƌŬ
&ĞĞ^ĐŚĞĚƵůĞ
ĨŽƌZĞƐĞĂƌĐŚ
&ĞĞƐ
^ĞĞŝƚLJůĞƌŬ
&ĞĞ^ĐŚĞĚƵůĞ
ĨŽƌZĞƐĞĂƌĐŚ
&ĞĞƐ
ĨƚĞƌϮŚŽƵƌƐ ŚŽƵƌůLJ ϭϬϬΨ ϭϬϯΨ ZĞƉƌŽĚƵĐƚŝŽŶŽƐƚƐ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ĂŶĚĞǀĂŶĚ
ŶŐŝŶĞĞƌŝŶŐ͕WĂŐĞϭϬŽĨϲϮ
>ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϰϯ sĂĐĂƚŝŽŶƐ͕ZŝŐŚƚͲŽĨͲtĂLJ͕
ĂƐĞŵĞŶƚƐ͕ŽƌĞĚŝĐĂƚŝŽŶƐ
WƌŽĐĞƐƐŝŶŐ&ĞĞ ĞĂĐŚ ϯϱϮΨ ϯϲϭΨ ZĞĐŽƌĚŝŶŐ ĞĂĐŚ WĞƌŽƵŶƚLJ WĞƌŽƵŶƚLJ
ŚĞĐŬŝŶŐDŝŶŽƌ ĞĂĐŚ ϮϰϯΨ ϮϰϵΨ ŚĞĐŬŝŶŐDĂũŽƌ;DĞƚĞƐĂŶĚŽƵŶĚƐͿ ĞĂĐŚ ϰϬϮΨ ϰϭϯΨ WƌĞƉĂƌĞĚďLJŝƚLJ
DŝŶŽƌ ĞĂĐŚ ϮϬϵΨ ϮϭϱΨ DĂũŽƌ ĞĂĐŚ ϵϬϰΨ ϵϮϵΨ ϰϰ ŐƌĞĞŵĞŶƚƐ
^ƵďĚŝǀŝƐŝŽŶ͕ĞǀĞůŽƉŵĞŶƚ͕ΘhƚŝůŝƚLJ^ƵƌĞƚLJŐƌĞĞŵĞŶƚ ĞĂĐŚ ϰ ϯϬϭΨ ϯϭϬΨ ^Ğƚhh͕hh^Θ>/ ĞĂĐŚ ͲΨ ͲΨ ^ƵďĚŝǀŝƐŝŽŶ
džƚĞŶƐŝŽŶŽĨdŝŵĞ ĞĂĐŚ ͲΨ ͲΨ ϰϱ ƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚ&ŽƌŵĂƚŝŽŶ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϰϲ >ŝĞŶŐƌĞĞŵĞŶƚWƌŽĐĞƐƐŝŶŐ&ĞĞ ĞĂĐŚ ϰ ϯϱϮΨ ϯϲϭΨ ϰϳ >ŝĞŶŐƌĞĞŵĞŶƚZĞǀĞƌƐŝŽŶƚŽĐƌĞĂŐĞĞƉŽƐŝƚ ĚĞƉŽƐŝƚƉĞƌƚƌĂĐƚŵĂƉ ϰ ϯϱϮΨ ϯϲϭΨ ϰϴ >ŝĞŶŐƌĞĞŵĞŶƚDĂŝŶƚĞŶĂŶĐĞͬƵƐƚDŝƚŝŐĂƚŝŽŶĞƉŽƐŝƚ ĚĞƉŽƐŝƚƉĞƌůŽƚ ϰ ϯϱϮΨ ϯϲϭΨ ϰϵ ZĞůĞĂƐĞ͕ŽƌWĂƌƚŝĂůZĞůĞĂƐĞŽĨZĞĐŽƌĚĞĚŐƌĞĞŵĞŶƚƐ ĞĂĐŚ ϰ ϮϬϭΨ ϮϬϲΨ ϱϬ ZĞŝŵďƵƌƐĞŵĞŶƚŐƌĞĞŵĞŶƚƐ ĞĂĐŚ ϰ ϲϬϯΨ ϲϭϵΨ ϱϭ ŐƌĞĞŵĞŶƚZĞͲƐƐŝŐŶŵĞŶƚ ĞĂĐŚ ϰ ϱϬϮΨ ϱϭϲΨ ϱϮ sĂƌŝĂŶĐĞ ĞĂĐŚ ƐĞĞƉůĂŶŶŝŶŐ
ĨĞĞƐĐŚĞĚƵůĞ
ƐĞĞƉůĂŶŶŝŶŐ
ĨĞĞƐĐŚĞĚƵůĞ
/y ;WĞƌŵŝƚͿ
ŶŐŝŶĞĞƌŝŶŐͲhƚŝůŝƚLJƵƚƐ/ŶƐƉĞĐƚŝŽŶ&ĞĞ
ϱϯ hƚŝůŝƚLJƵƚƐ Ϯ
ϬͲϯϬϬ>& ďĂƐĞ ϮϬϭΨ ϮϬϲΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞĨŽƌĞĂĐŚĂĚĚΖůϯϬϬ>& ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ ϱϰ hƚŝůŝƚLJdƌĞŶĐŚͬŽƌĞ Ϯ
ϬͲϯϬϬ>& ďĂƐĞ ϮϬϭΨ ϮϬϲΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞĨŽƌĞĂĐŚĂĚĚΖůϯϬϬ>& ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ ϱϱ hƚŝůŝƚLJ^ƚƌƵĐƚƵƌĞƐ Ϯ
ϬͲϴ
ďĂƐĞ ϭϰϱΨ ϭϰϵΨ
ϵͲϭϲ
ďĂƐĞ ϭϰϱΨ ϭϰϵΨ
ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞĨŽƌĞĂĐŚ ĞĂĐŚ ϲΨ ϲΨ ϭϳ
н ďĂƐĞ ϭϰϱΨ ϭϰϵΨ
ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞĨŽƌĞĂĐŚ ĞĂĐŚ ϲΨ ϲΨ ϱϲ hŶĚĞƌŐƌŽƵŶĚŝŶŐhƚŝůŝƚŝĞƐ Ϯ
ϬͲϯϬϬ>& ďĂƐĞ ϮϬϭΨ ϮϬϲΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞĨŽƌĞĂĐŚĂĚĚΖůϯϬϬ>& ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ y ^ƉĞĐŝĂůƚLJΘDŝƐĐĞůůĂŶĞŽƵƐWĞƌŵŝƚƚŝŶŐΘ/ŶƐƉĞĐƚŝŽŶƐ
ϱϳ WĂƌĂĚĞ ĞĂĐŚ ϱ Ψϯϵϯ ϰϬϯΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ĂŶĚĞǀĂŶĚ
ŶŐŝŶĞĞƌŝŶŐ͕WĂŐĞϭϭŽĨϲϮ
>ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϱϴ ^ƉĞĐŝĂůhƐĞWĞƌŵŝƚ ĞĂĐŚ ϱ ^ĞĞWůĂŶŶŝŶŐ
&ĞĞƐĐŚĞĚƵůĞ
^ĞĞWůĂŶŶŝŶŐ
&ĞĞƐĐŚĞĚƵůĞ
ϱϵ &ŝůŵŝŶŐ ĞĂĐŚ ϲ Ψϯϵϯ ϰϬϯΨ y/ dƌĂŶƐƉŽƌƚĂƚŝŽŶΘWĞƌŵŝƚƚŝŶŐ
ϲϬ dƌĂŶƐƉŽƌƚĂƚŝŽŶ/ƐƐƵĂŶĐĞ ĞĂĐŚ ϵ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ ϲϭ ZĞĐƌĞĂƚŝŽŶĂůsĞŚŝĐůĞ ĞĂĐŚ ϵ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ ϲϮ KǀĞƌƐŝnjĞ>ŽĂĚͲWƵƌƉůĞ ĞĂĐŚ ϵ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ ϲϯ ^ŝŶŐůĞͲKǀĞƌƐŝnjĞ>ŽĂĚ;'ƌĞĞŶͿ ƉĞƌƚƌŝƉ ϵ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ ϲϰ ZĞƉĞƚŝƚŝǀĞͲKǀĞƌƐŝnjĞ>ŽĂĚ;'ƌĞĞŶͿ ĞĂĐŚ ϵ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ ϲϱ DŽǀŝŶŐ ĞĂĐŚ ϳ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϲϲ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϭϬϰ ϭϬϳΨ EŽƚĞƐ
ϭ ƌĞĚŝƚĨŽƌĨĞĞĂŵŽƵŶƚǁŝůůďĞĂƉƉůŝĞĚƚŽǁĂƌĚƉĞƌŵŝƚŝƐƐƵĂŶĐĞ ͘ Ϯ ZKtWĞƌŵŝƚ/ƐƐƵĂŶĐĞ&ĞĞĂƉƉůŝĞƐƐĞƉĂƌĂƚĞůLJ͖ĂƐǁĞůůĂƐĐŚĂƌŐ ĞďĂƐĞĚŽŶĂĐĐƵŵƵůĂƚŝǀĞ>ŝŶĞĂƌ&ĞĞƚ;>&Ϳ͘ ϯ &ŝŶĞͬWĞŶĂůƚLJ
ϰ ƚƚŽƌŶĞLJĨĞĞƐĂƌĞĐŚĂƌŐĞĚŝŶĂĚĚŝƚŝŽŶƚŽƚŚĞĨĞĞůŝƐƚĞĚ͘ ϱ
ŽƐƚƐZĞĂƐŽŶĂďůLJŽƌŶĞĂŶĚ/ŶƐƵƌĂŶĐĞZĞƋƵŝƌĞĚĂƐĞƚĞƌŵŝŶĞĚďLJZŝƐŬDĂŶĂŐĞŵĞŶƚĂƌĞĐŚĂƌŐĞĚŝŶĂĚĚŝƟŽŶƚŽƚŚĞĨĞĞůŝƐƚĞĚ͘ ϲ
ϳ ŽƐƚƐZĞĂƐŽŶĂďůLJŽƌŶĞ͕^ƵƌĞƚLJ͕ĂŶĚ/ŶƐƵƌĂŶĐĞZĞƋƵŝƌĞŵĞŶƚƐĂ ƐĞƚĞƌŵŝŶĞĚďLJZŝƐŬDĂŶĂŐĞŵĞŶƚĂƌĞĐŚĂƌŐĞĚ͘ ϴ WƌŽũĞĐƚƐƐŝŐŶŝĨŝĐĂŶƚůLJŝŶĞdžĐĞƐƐŽĨΨϱDDǁŝůůďĞĞǀĂůƵĂƚĞĚď LJƚŚĞ ŶŐŝŶĞĞƌ͖ƉŽƚĞŶƚŝĂůĚĞƉŽƐŝƚŵĂLJďĞƌĞƋƵŝƌĞĚ͘
ϵ ^ĞƚďLJ^ƚĂƚĞ
ŽƐƚƐZĞĂƐŽŶĂďůLJŽƌŶĞ͕/ŶƐƵƌĂŶĐĞZĞƋƵŝƌĞĚĂƐĞƚĞƌŵŝŶĞĚďLJZŝƐŬDĂŶĂŐĞŵĞŶƚ͕&ŝůŵƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ͕ĂŶĚ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ĂŶĚĞǀĂŶĚ
ŶŐŝŶĞĞƌŝŶŐ͕WĂŐĞϭϮŽĨϲϮ
ƵŝůĚŝŶŐͲ^ĐĂůĞĚWůĂŶŚĞĐŬ&ĞĞƐ
h/>/E'W>E,
<
ϭ
ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůhƐĞƐͲ;ůůŶĞǁůLJĐŽŶƐƚƌƵĐƚĞĚŽƌĂĚĚĞĚƐƉĂĐĞĨŽƌŶŽŶͲƌĞƐŝĚĞŶƚŝĂů ŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐĐŽŵŵĞƌĐŝĂůŽƌŝŶĚƵƐƚƌŝĂůƚŚĂƚĂƌĞŶŽƚƐƉĞĐŝĨŝĐĂůůLJĂĚĚƌĞƐƐĞĚ ĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ΨϮ͕ϭϯϳ Ϯ͕ϭϵϱΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘ϭϯ Ϭ͘ϭϰΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ ΨϮ͕ϳϯϯ Ϯ͕ϴϬϲΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘ϭϯ Ϭ͘ϭϯΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ Ψϯ͕ϯϲϯ ϯ͕ϰϱϰΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϮΨ Ϭ͘ϬϮΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ Ψϰ͕Ϯϳϰ ϰ͕ϯϵϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϮΨ Ϭ͘ϬϮΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ ϱ͕ϮϮϬΨ ϱ͕ϯϲϭΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϬϮΨ Ϭ͘ϬϬϮΨ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬ͕ϬϬϬƐ͘Ĩ͘ ϲ͕ϭϯϭΨ ϲ͕ϮϵϳΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϬϮΨ Ϭ͘ϬϬϮΨ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭ͕ϬϬϬ͕ϬϬϬƐ͘Ĩ͘ ϳ͕ϬϳϳΨ ϳ͕ϮϲϴΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ
Ϯ
ŽŵŵĞƌĐŝĂůZĞƐŝĚĞŶƚŝĂůĂŶĚDƵůƚŝĨĂŵŝůLJZĞƐŝĚĞŶƚŝĂůhƐĞƐͲ;ůůŶĞǁůLJĐŽŶƐƚƌƵĐƚĞĚŽƌ ĂĚĚĞĚƐƉĂĐĞĨŽƌƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐ'ƌŽƵƉZ;ĞdžĐĞƉƚZͲϯͿ͕ŽƌŽƚŚĞƌ ƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJĂĚĚƌĞƐƐĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ Ψϭ͕ϯϲϲ ϭ͕ϰϬϯΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϰϬΨ Ϭ͘ϰϭΨ Ϯ͕ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
Ϯ͕ϱϬϬƐ͘Ĩ͘ Ϯ͕ϭϳϮΨ Ϯ͕ϮϯϭΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϯϲΨ Ϭ͘ϯϳΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ ϯ͕ϬϴϯΨ ϯ͕ϭϲϲΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϴΨ Ϭ͘ϭϵΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ ϯ͕ϵϵϰΨ ϰ͕ϭϬϮΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϮΨ Ϭ͘ϬϮΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ ϰ͕ϵϬϱΨ ϱ͕ϬϯϳΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϮΨ Ϭ͘ϬϮΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ ϱ͕ϲϳϲΨ ϱ͕ϴϮϵΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϲΨ Ϭ͘ϬϲΨ ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
/͘E
tKE^dZhd/KE͕/d/KE^͕ED:KZZ
DK
>^
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐ^ĐĂůĞĚW͕WĂŐĞϭϯŽĨϲϮ ƵŝůĚŝŶŐͲ^ĐĂůĞĚWůĂŶŚĞĐŬ&ĞĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϯ
ĐĐĞƐƐŽƌLJĂŶĚhƚŝůŝƚLJhƐĞƐͲ;ůůŶĞǁůLJĐŽŶƐƚƌƵĐƚĞĚ͕ĂĚĚĞĚŽƌƐƚƌƵĐƚƵƌĂůůLJƌĞŵŽĚĞůĞĚ ƐƉĂĐĞĨŽƌƵƚŝůŝƚLJĂŶĚĂĐĐĞƐƐŽƌLJŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐ'ƌŽƵƉh͕ŽƌŽƚŚĞƌƵƚŝůŝƚLJĂŶĚ ĂĐĐĞƐƐŽƌLJŽĐĐƵƉĂŶĐŝĞƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJĂĚĚƌĞƐƐĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞͿ
ϮϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϮϬϬƐ͘Ĩ͘ ΨϮϴϬ ϮϴϴΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ͲΨ ͲΨ ϰϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϰϬϬƐ͘Ĩ͘ ϮϴϬΨ ϮϴϴΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϳϬΨ Ϭ͘ϳϮΨ ϲϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϲϬϬƐ͘Ĩ͘ ϰϮϬΨ ϰϯϮΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϯϱΨ Ϭ͘ϯϲΨ ϭ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭ͕ϬϬϬƐ͘Ĩ͘ ϱϲϭΨ ϱϳϲΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϳΨ Ϭ͘ϬϳΨ ϯ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϯ͕ϬϬϬƐ͘Ĩ͘ ϳϬϭΨ ϳϮϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϮϯΨ Ϭ͘ϮϰΨ
ϰ
^ŚĞůůƵŝůĚŝŶŐƐĨŽƌĂůůŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůhƐĞƐͲ;dŚĞĞŶĐůŽƐƵƌĞĨŽƌĂůůŶĞǁůLJ ĐŽŶƐƚƌƵĐƚĞĚŽƌĂĚĚĞĚƐƉĂĐĞĨŽƌŶŽŶͲƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐĐŽŵŵĞƌĐŝĂůŽƌ ŝŶĚƵƐƚƌŝĂůƚŚĂƚĂƌĞŶŽƚƐƉĞĐŝĨŝĐĂůůLJĂĚĚƌĞƐƐĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞǁŚĞƌĞƚŚĞ ŝŶƚĞƌŝŽƌŝƐŶŽƚĐŽŵƉůĞƚĞĚŽƌŽĐĐƵƉŝĂďůĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ϭ͕ϳϴϳΨ ϭ͕ϴϯϱΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϬΨ Ϭ͘ϭϬΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ Ϯ͕ϮϰϮΨ Ϯ͕ϯϬϯΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϵΨ Ϭ͘ϬϵΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ Ϯ͕ϲϵϴΨ Ϯ͕ϳϳϭΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϮΨ Ϭ͘ϬϮΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ ϯ͕ϰϲϴΨ ϯ͕ϱϲϮΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϮΨ Ϭ͘ϬϮΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ ϰ͕ϮϯϵΨ ϰ͕ϯϱϰΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϬϮΨ Ϭ͘ϬϬϮΨ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬ͕ϬϬϬƐ͘Ĩ͘ ϰ͕ϴϳϬΨ ϱ͕ϬϬϭΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϬϮΨ Ϭ͘ϬϬϮΨ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭ͕ϬϬϬ͕ϬϬϬƐ͘Ĩ͘ ϱ͕ϲϰϭΨ ϱ͕ϳϵϯΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐ^ĐĂůĞĚW͕WĂŐĞϭϰŽĨϲϮ ƵŝůĚŝŶŐͲ^ĐĂůĞĚWůĂŶŚĞĐŬ&ĞĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϱ ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůdĞŶĂŶƚ/ŵƉƌŽǀĞŵĞŶƚͲ;ůůŵŽĚŝĨŝĐĂƚŝŽŶƐŽƌŝŵƉƌŽǀĞŵĞŶƚƐƚŽ ĞdžŝƐƚŝŶŐƐƋƵĂƌĞĨŽŽƚĂŐĞĨŽƌŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐĐŽŵŵĞƌĐŝĂůƚLJƉĞƐͿ ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ϭ͕ϬϭϲΨ ϭ͕ϬϰϯΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϮΨ Ϭ͘ϭϯΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ ϭ͕ϱϳϳΨ ϭ͕ϲϭϵΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϬΨ Ϭ͘ϭϬΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ Ϯ͕ϬϲϳΨ Ϯ͕ϭϮϯΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ Ϯ͕ϱϵϯΨ Ϯ͕ϲϲϯΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ ϯ͕ϮϵϯΨ ϯ͕ϯϴϮΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϯΨ Ϭ͘ϬϯΨ
ϲ
ŽŵŵĞƌĐŝĂůZĞƐŝĚĞŶƚŝĂůĂŶĚDƵůƚŝĨĂŵŝůLJZĞƐŝĚĞŶƚŝĂůZĞŵŽĚĞůƐͲ;ůůŵŽĚŝĨŝĐĂƚŝŽŶƐŽƌ ŝŵƉƌŽǀĞŵĞŶƚƐƚŽĞdžŝƐƚŝŶŐƐƋƵĂƌĞĨŽŽƚĂŐĞĨŽƌƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐ 'ƌŽƵƉZ;ĞdžĐĞƉƚZͲϯͿͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ Ψϭ͕Ϭϭϲ ϭ͕ϬϰϯΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϴΨ Ϭ͘ϭϴΨ Ϯ͕ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
Ϯ͕ϱϬϬƐ͘Ĩ͘ ϭ͕ϯϲϲΨ ϭ͕ϰϬϯΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϴΨ Ϭ͘ϬϵΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ ϭ͕ϱϳϳΨ ϭ͕ϲϭϵΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϬΨ Ϭ͘ϭϬΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ Ϯ͕ϬϲϳΨ Ϯ͕ϭϮϯΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ Ϯ͕ϱϵϯΨ Ϯ͕ϲϲϯΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ ϯ͕ϮϵϯΨ ϯ͕ϯϴϮΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϯΨ Ϭ͘ϬϯΨ
ϳ DĂƐƚĞƌWůŽƚƚŝŶŐWůĂŶZĞǀŝĞǁ
WĂƌĐĞů;ϰůŽƚƐŽƌůĞƐƐͿ ĞĂĐŚ ΨϮϴϬ ϮϴϴΨ ϱͲϮϱůŽƚƐ ĞĂĐŚ Ψϱϲϭ ϱϳϲΨ ϮϲͲϭϬϬůŽƚƐ ĞĂĐŚ Ψϴϰϭ ϴϲϰΨ хϭϬϬůŽƚƐ͕ƉĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭϬϬůŽƚƐ ĞĂĐŚ ΨϮϴϬ ϮϴϴΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐ^ĐĂůĞĚW͕WĂŐĞϭϱŽĨϲϮ ƵŝůĚŝŶŐͲ^ĐĂůĞĚWůĂŶŚĞĐŬ&ĞĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϴ
^ŝŶŐůĞ&ĂŵŝůLJǁĞůůŝŶŐƐĂŶĚƵƉůĞdžĞƐͲ;ůůŶĞǁůLJĐŽŶƐƚƌƵĐƚĞĚŽƌĂĚĚĞĚƐƉĂĐĞĨŽƌ ƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐ'ƌŽƵƉZͲϯ͕ŝŶĐůƵĚŝŶŐĐƵƐƚŽŵďƵŝůĚƐĂŶĚŵŽĚĞů ŚŽŵĞƐĨŽƌƚƌĂĐƚŵĂƐƚĞƌƉůĂŶƐ͕ŽƌŽƚŚĞƌƐŝŵŝůĂƌƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJ ĂĚĚƌĞƐƐĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ϳϬϭΨ ϳϮϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϴΨ Ϭ͘ϭϴΨ Ϯ͕ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
Ϯ͕ϱϬϬƐ͘Ĩ͘ ϭ͕ϬϱϭΨ ϭ͕ϬϳϵΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϴΨ Ϭ͘ϬϵΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϰ͕ϬϬϬƐ͘Ĩ͘ ϭ͕ϮϲϭΨ ϭ͕ϮϵϱΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϮϱΨ Ϭ͘ϮϲΨ
ϵ ƵƉůŝĐĂƚĞ&ůŽŽƌWůĂŶZĞǀŝĞǁͲ^ŝŶŐůĞ&ĂŵŝůLJǁĞůůŝŶŐƐĂŶĚƵƉů ĞdžĞƐ ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭ͕ϬϬϬƐ͘Ĩ͘ ϰϵϬΨ ϱϬϰΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϳΨ Ϭ͘ϬϴΨ Ϯ͕ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
Ϯ͕ϱϬϬƐ͘Ĩ͘ ϲϯϴΨ ϲϱϱΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϲΨ Ϭ͘ϬϲΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϰ͕ϬϬϬƐ͘Ĩ͘ ϳϴϱΨ ϴϬϲΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϲΨ Ϭ͘ϭϲΨ ϭϬ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐ ĨƵůůLJďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚ ƚŽƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ϭϰϬΨ ϭϰϰΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐ^ĐĂůĞĚW͕WĂŐĞϭϲŽĨϲϮ ƵŝůĚŝŶŐͲ^ĐĂůĞĚ/ŶƐƉĞĐƚŝŽŶ&ĞĞƐ
h/>/E'W
ZD/dͬ/E^W
d/KE
ϭ
ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůhƐĞƐͲ;ůůŶĞǁůLJĐŽŶƐƚƌƵĐƚĞĚŽƌĂĚĚĞĚƐƉĂĐĞĨŽƌŶŽŶͲƌĞƐŝĚĞŶƚŝĂů ŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐĐŽŵŵĞƌĐŝĂůŽƌŝŶĚƵƐƚƌŝĂůƚŚĂƚĂƌĞŶŽƚƐƉĞĐŝĨŝĐĂůůLJĂĚĚƌĞƐƐĞĚ ĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ΨϮ͕ϭϬϮ Ϯ͕ϭϱϵΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘ϯϰ Ϭ͘ϯϱΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ Ψϯ͕ϲϰϰ ϯ͕ϳϰϮΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘ϭϭ Ϭ͘ϭϮΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ Ψϰ͕ϮϬϰ ϰ͕ϯϭϴΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϰΨ Ϭ͘ϬϰΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ Ψϱ͕ϴϴϲ ϲ͕ϬϰϱΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϰΨ Ϭ͘ϬϰΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ ϳ͕ϴϰϴΨ ϴ͕ϬϲϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϬϱΨ Ϭ͘ϬϬϱΨ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬ͕ϬϬϬƐ͘Ĩ͘ ϵ͕ϴϭϬΨ ϭϬ͕ϬϳϱΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭ͕ϬϬϬ͕ϬϬϬƐ͘Ĩ͘ ϭϯ͕ϯϭϯΨ ϭϯ͕ϲϳϯΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ
Ϯ
ŽŵŵĞƌĐŝĂůZĞƐŝĚĞŶƚŝĂůĂŶĚDƵůƚŝĨĂŵŝůLJZĞƐŝĚĞŶƚŝĂůhƐĞƐͲ;ůůŶĞǁůLJĐŽŶƐƚƌƵĐƚĞĚŽƌ ĂĚĚĞĚƐƉĂĐĞĨŽƌƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐ'ƌŽƵƉZ;ĞdžĐĞƉƚZͲϯͿ͕ŽƌŽƚŚĞƌ ƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJĂĚĚƌĞƐƐĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ Ψϭ͕ϵϲϮ Ϯ͕ϬϭϱΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘ϱϲ Ϭ͘ϱϴΨ Ϯ͕ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
Ϯ͕ϱϬϬƐ͘Ĩ͘ Ψϯ͕Ϭϴϯ ϯ͕ϭϲϲΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϰϱΨ Ϭ͘ϰϲΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ Ψϰ͕ϮϬϰ ϰ͕ϯϭϴΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϰϮΨ Ϭ͘ϰϯΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ Ψϲ͕ϯϬϲ ϲ͕ϰϳϳΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϮΨ Ϭ͘ϭϯΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ Ψϭϭ͕Ϯϭϭ ϭϭ͕ϱϭϰΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϯΨ Ϭ͘ϭϯΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ Ψϭϳ͕ϱϭϳ ϭϳ͕ϵϵϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘ϭϴ Ϭ͘ϭϴΨ ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
EŽƚĞƐ
/͘E
tKE^dZhd/KE͕/d/KE^͕ED:KZZ
DK
>^
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐ^ĐĂůĞĚ/ŶƐƉ͕WĂŐĞϭϳŽĨϲϮ ƵŝůĚŝŶŐͲ^ĐĂůĞĚ/ŶƐƉĞĐƚŝŽŶ&ĞĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
EŽƚĞƐ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
ϯ
ĐĐĞƐƐŽƌLJĂŶĚhƚŝůŝƚLJhƐĞƐͲ;ůůŶĞǁůLJĐŽŶƐƚƌƵĐƚĞĚ͕ĂĚĚĞĚŽƌƐƚƌƵĐƚƵƌĂůůLJƌĞŵŽĚĞůĞĚ ƐƉĂĐĞĨŽƌƵƚŝůŝƚLJĂŶĚĂĐĐĞƐƐŽƌLJŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐ'ƌŽƵƉh͕ŽƌŽƚŚĞƌƵƚŝůŝƚLJĂŶĚ ĂĐĐĞƐƐŽƌLJŽĐĐƵƉĂŶĐŝĞƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJĂĚĚƌĞƐƐĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞͿ
ϮϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϮϬϬƐ͘Ĩ͘ ΨϮϭϬ ϮϭϲΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘ϯϱ Ϭ͘ϯϲΨ ϰϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϰϬϬƐ͘Ĩ͘ ΨϮϴϬ ϮϴϴΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϯϱΨ Ϭ͘ϯϲΨ ϲϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϲϬϬƐ͘Ĩ͘ ΨϯϱϬ ϯϲϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϴΨ Ϭ͘ϭϴΨ ϭ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭ͕ϬϬϬƐ͘Ĩ͘ ϰϮϬΨ ϰϯϮΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϳΨ Ϭ͘ϬϳΨ ϯ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϯ͕ϬϬϬƐ͘Ĩ͘ Ψϱϲϭ ϱϳϲΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘ϭϵ Ϭ͘ϭϵΨ
ϰ
^ŚĞůůƵŝůĚŝŶŐƐĨŽƌĂůůŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůhƐĞƐͲ;dŚĞĞŶĐůŽƐƵƌĞĨŽƌĂůůŶĞǁůLJ ĐŽŶƐƚƌƵĐƚĞĚŽƌĂĚĚĞĚƐƉĂĐĞĨŽƌŶŽŶͲƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐĐŽŵŵĞƌĐŝĂůŽƌ ŝŶĚƵƐƚƌŝĂůƚŚĂƚĂƌĞŶŽƚƐƉĞĐŝĨŝĐĂůůLJĂĚĚƌĞƐƐĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞǁŚĞƌĞƚŚĞ ŝŶƚĞƌŝŽƌŝƐŶŽƚĐŽŵƉůĞƚĞĚŽƌŽĐĐƵƉŝĂďůĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ϭ͕ϲϴϮΨ ϭ͕ϳϮϳΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϮϴΨ Ϭ͘ϮϵΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ Ϯ͕ϵϰϯΨ ϯ͕ϬϮϮΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϴΨ Ϭ͘ϬϵΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ ϯ͕ϯϲϯΨ ϯ͕ϰϱϰΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϰΨ Ϭ͘ϬϰΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ ϰ͕ϳϲϱΨ ϰ͕ϴϵϯΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϯΨ Ϭ͘ϬϯΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ ϲ͕ϯϬϲΨ ϲ͕ϰϳϳΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϬϰΨ Ϭ͘ϬϬϰΨ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬ͕ϬϬϬƐ͘Ĩ͘ ϳ͕ϴϰϴΨ ϴ͕ϬϲϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭ͕ϬϬϬ͕ϬϬϬƐ͘Ĩ͘ ϭϬ͕ϲϱϭΨ ϭϬ͕ϵϯϴΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐ^ĐĂůĞĚ/ŶƐƉ͕WĂŐĞϭϴŽĨϲϮ ƵŝůĚŝŶŐͲ^ĐĂůĞĚ/ŶƐƉĞĐƚŝŽŶ&ĞĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
EŽƚĞƐ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
ϱ ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůdĞŶĂŶƚ/ŵƉƌŽǀĞŵĞŶƚͲ;ůůŵŽĚŝĨŝĐĂƚŝŽŶƐŽƌŝŵƉƌŽǀĞŵĞŶƚƐƚŽ ĞdžŝƐƚŝŶŐƐƋƵĂƌĞĨŽŽƚĂŐĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ϵϴϭΨ ϭ͕ϬϬϳΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϲΨ Ϭ͘ϭϲΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ ϭ͕ϲϴϮΨ ϭ͕ϳϮϳΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϴΨ Ϭ͘ϬϵΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ ΨϮ͕ϭϬϮ Ϯ͕ϭϱϵΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϰΨ Ϭ͘ϬϰΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ Ψϯ͕ϱϬϯ ϯ͕ϱϵϴΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϯΨ Ϭ͘ϬϯΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ Ψϰ͕ϵϬϱ ϱ͕ϬϯϳΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘Ϭϱ Ϭ͘ϬϱΨ
ϲ
ŽŵŵĞƌĐŝĂůZĞƐŝĚĞŶƚŝĂůĂŶĚDƵůƚŝĨĂŵŝůLJZĞƐŝĚĞŶƚŝĂůZĞŵŽĚĞůƐͲ;ůůŵŽĚŝĨŝĐĂƚŝŽŶƐŽƌ ŝŵƉƌŽǀĞŵĞŶƚƐƚŽĞdžŝƐƚŝŶŐƐƋƵĂƌĞĨŽŽƚĂŐĞĨŽƌƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐ 'ƌŽƵƉZ;ĞdžĐĞƉƚZͲϯͿͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ΨϳϬϭ ϳϮϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϮϴΨ Ϭ͘ϮϵΨ Ϯ͕ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
Ϯ͕ϱϬϬƐ͘Ĩ͘ Ψϭ͕Ϯϲϭ ϭ͕ϮϵϱΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϳΨ Ϭ͘ϭϳΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ Ψϭ͕ϲϴϮ ϭ͕ϳϮϳΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϳΨ Ϭ͘ϭϳΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ ΨϮ͕ϱϮϯ Ϯ͕ϱϵϭΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϰΨ Ϭ͘ϬϰΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ Ψϯ͕ϵϮϰ ϰ͕ϬϯϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϯΨ Ϭ͘ϬϯΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ Ψϱ͕ϯϮϱ ϱ͕ϰϲϵΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘Ϭϱ Ϭ͘ϬϱΨ
ϳ DĂƐƚĞƌWůŽƚƚŝŶŐWůĂŶZĞǀŝĞǁ
WĂƌĐĞů;ϰůŽƚƐŽƌůĞƐƐͿ ĞĂĐŚ ΨϮϴϬ ϮϴϴΨ ϱͲϮϱůŽƚƐ ĞĂĐŚ Ψϱϲϭ ϱϳϲΨ ϮϲͲϭϬϬůŽƚƐ ĞĂĐŚ Ψϴϰϭ ϴϲϰΨ хϭϬϬůŽƚƐ͕ƉĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭϬϬůŽƚƐ ĞĂĐŚ ΨϮϴϬ ϮϴϴΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐ^ĐĂůĞĚ/ŶƐƉ͕WĂŐĞϭϵŽĨϲϮ ƵŝůĚŝŶŐͲ^ĐĂůĞĚ/ŶƐƉĞĐƚŝŽŶ&ĞĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
EŽƚĞƐ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
ϴ
^ŝŶŐůĞ&ĂŵŝůLJǁĞůůŝŶŐƐĂŶĚƵƉůĞdžĞƐͲ;ůůŶĞǁůLJĐŽŶƐƚƌƵĐƚĞĚŽƌĂĚĚĞĚƐƉĂĐĞĨŽƌ ƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐ'ƌŽƵƉZͲϯ͕ŝŶĐůƵĚŝŶŐĐƵƐƚŽŵďƵŝůĚƐĂŶĚŵŽĚĞů ŚŽŵĞƐĨŽƌƚƌĂĐƚŵĂƐƚĞƌƉůĂŶƐ͕ŽƌŽƚŚĞƌƐŝŵŝůĂƌƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJ ĂĚĚƌĞƐƐĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ϭ͕ϮϲϭΨ ϭ͕ϮϵϱΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϮϭΨ Ϭ͘ϮϮΨ Ϯ͕ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
Ϯ͕ϱϬϬƐ͘Ĩ͘ ϭ͕ϲϴϮΨ ϭ͕ϳϮϳΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϭΨ Ϭ͘ϭϮΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ Ψϭ͕ϵϲϮ Ϯ͕ϬϭϱΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϯϵΨ Ϭ͘ϰϬΨ ϵ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐ ĨƵůůLJďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚ ƚŽƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ϭϰϬΨ ϭϰϰΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐ^ĐĂůĞĚ/ŶƐƉ͕WĂŐĞϮϬŽĨϲϮ ƵŝůĚŝŶŐͲDŝƐĐĞůůĂŶĞŽƵƐ&ĞĞ/ƚĞŵƐ
//͘D/EKZͬD/^
>>E
Kh^Z
^/
Ed/>ΘKDD
Z/>/DWZKs
D
Ed^
ϭ ďŽǀĞ'ƌŽƵŶĚ^ƚŽƌĂŐĞdĂŶŬ ƉĞƌƉĞƌŵŝƚ Ψϳϳϭ ϳϵϮΨ Ϯ ĂƚƚĞƌLJ^ƚŽƌĂŐĞ^LJƐƚĞŵ
ZĞƐŝĚĞŶƚŝĂůĂƚƚĞƌLJ^ƚŽƌĂŐĞ^LJƐƚĞŵ ƉĞƌƉĞƌŵŝƚ ΨϳϬ ϳϮΨ ŽŵŵĞƌĐŝĂůĂƚƚĞƌLJ^ƚŽƌĂŐĞ^LJƐƚĞŵ ƉĞƌƉĞƌŵŝƚ ΨϭϰϬ ϭϰϰΨ ^ƚĂŶĚůŽŶĞ^LJƐƚĞŵƐ ƉĞƌƉĞƌŵŝƚ E
t ϯϮϰΨ
ϯ Ğůů^ŝƚĞ
EĞǁĞůů^ŝƚĞ/ŶĐůƵĚŝŶŐdŽǁĞƌΘ
ŶĐůŽƐƵƌĞ ĞĂĐŚ Ψϳϳϭ ϳϵϮΨ ZĞƚƌŽĨŝƚŽĨ
džŝƐƚŝŶŐĞůů^ŝƚĞ ĞĂĐŚ Ψϯϴϱ ϯϵϲΨ ϰ ǁŶŝŶŐŽƌĂŶŽƉLJ
hƉƚŽϭ͕ϬϬϬƐ͘Ĩ͘ ĞĂĐŚ Ψϳϳϭ ϳϵϮΨ KǀĞƌϭ͕ϬϬϬƐ͘Ĩ͘ ĞĂĐŚ Ψϭ͕ϭϮϭ ϭ͕ϭϱϭΨ ϱ ĞƌƚŝĨŝĐĂƚĞŽĨKĐĐƵƉĂŶĐLJ ƉĞƌƉĞƌŵŝƚ Ψϭϳϲ ϭϴϬΨ ϲ dĞŵƉŽƌĂƌLJĞƌƚŝĨŝĐĂƚĞŽĨKĐĐƵƉĂĐLJ
ƉƉůŝĐĂƚŝŽŶ ĞĂĐŚ Ψϭ͕Ϯϲϭ ϭ͕ϮϵϱΨ ĞƉŽƐŝƚͲĐƵƌƌĞŶƚůLJΨϱ͕ϬϬϬ͕ƌĞĨƵŶĚĂďůĞŝĨƉĞƌŵĂŶĞŶƚŽĨKŝƐƐƵĞĚǁŝƚŚŝŶϯϬĚĂLJƐ ĞĂĐŚ ϳ ĞĐŬƐͬĂůĐŽŶLJ ĞĂĐŚ Ψϯϴϱ ϯϵϲΨ ϴ ĞŵŽůŝƚŝŽŶŽĨƵŝůĚŝŶŐ ĞĂĐŚ Ψϯϴϱ ϯϵϲΨ ϵ
ůĞĐƚƌŝĐsĞŚŝĐůĞŚĂƌŐŝŶŐ^ƚĂƚŝŽŶ;ƐͿ
&ŝƌƐƚŽƵƚůĞƚ ĞĂĐŚ E
t ϳϮϬΨ
ĂĐŚĂĚĚŝƚŝŽŶĂů ĞĂĐŚ E
t ϭϰϰΨ
ϭϬ &ĞŶĐĞŽƌ&ƌĞĞƐƚĂŶĚŝŶŐtĂůů
hƉƚŽϱϬϬƐ͘Ĩ͘ ĞĂĐŚ ΨϭϰϬ ϭϰϰΨ ϱϬϬͲϱ͕ϬϬϬƐ͘Ĩ͘ ĞĂĐŚ ΨϮϭϬ ϮϭϲΨ KǀĞƌϱ͕ϬϬϬƐ͘Ĩ͘ ĞĂĐŚ ΨϯϮϮ ϯϯϭΨ ϭϭ &ŝƌĞĂŵĂŐĞZĞƉĂŝƌͲZĞƐŝĚĞŶƚŝĂů
DŝŶŽƌ ƉĞƌƉĞƌŵŝƚ Ψϳϳϭ ϳϵϮΨ DĂũŽƌ ƉĞƌƉĞƌŵŝƚ Ψϭ͕ϰϬϭ ϭ͕ϰϯϵΨ ϭϮ &ŝƌĞƉůĂĐĞ/ŶƐƚĂůůĂƚŝŽŶ ƉĞƌƉĞƌŵŝƚ ΨϮϭϬ ϮϭϲΨ ϭϯ /ŶǀĞƐƚŝŐĂƚŝŽŶĂů ƉĞƌƉĞƌŵŝƚ Ψϱϲϭ ϱϳϲΨ ϭϰ DĂŶƵĨĂĐƚƵƌĞĚ,ŽƵƐĞͬƵŝůĚŝŶŐ
EĞǁŽŵŵĞƌĐŝĂů ƉĞƌƉĞƌŵŝƚ Ψϴϳϲ ϵϬϬΨ EĞǁZĞƐŝĚĞŶƚŝĂů ƉĞƌƉĞƌŵŝƚ Ψϴϳϲ ϵϬϬΨ ZĞƐŝĚĞŶƚŝĂůŽŶǀĞƌƐŝŽŶƚŽWĞƌŵĂŶĞŶƚ&ŽƵŶĚĂƚŝŽŶ ƉĞƌƉĞƌŵŝƚ Ψϲϲϲ ϲϴϰΨ ϭϱ
DŽďŝůĞ,ŽŵĞ;tŝƚŚŝŶĂƉĂƌŬ͕ƉĞƌĐƵƌƌĞŶƚĞĚŝƚŝŽŶŽĨdŝƚůĞϮϱ͕ƉƵďůŝƐŚĞĚďLJĂůŝĨŽƌŶŝĂ ŝǀŝƐŝŽŶŽĨ,ŽƵƐŝŶŐĂŶĚŽŵŵƵŶŝƚLJĞǀĞůŽƉŵĞŶƚ͘ͿEŽƚƚŽĞdžĐĞĞĚdŝƚůĞϮϱŵĂdžŝŵƵŵƐ͗ ΨϭϵϲƐĞĚŽǁŶ͕ΨϰϭͬĂĐĐĞƐƐŽƌLJƐƚƌƵĐƚƵƌĞ
ƉĞƌƉĞƌŵŝƚ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ
ϭϲ WĂƌƚŝƚŝŽŶͬtĂůůͲ/ŶƚĞƌŝŽƌͬEŽŶͲ^ƚƌƵĐƚƵƌĂůфϭϬϬΖ ƉĞƌƉĞƌŵŝƚ ΨϮϰϲ ϮϱϮΨ ϭϳ WĂƚŝŽŽǀĞƌ
tŽŽĚ&ƌĂŵĞ ĞĂĐŚ Ψϯϴϱ ϯϵϲΨ tŽŽĚ&ƌĂŵĞǁŝƚŚŽǀĞƌΘ
ůĞĐƚƌŝĐĂů ĞĂĐŚ Ψϰϯϴ ϰϱϬΨ WƌĞͲ
ŶŐŝŶĞĞƌĞĚEŽŶͲtŽŽĚ&ƌĂŵĞ ĞĂĐŚ ΨϮϴϭ ϮϴϵΨ WƌĞͲ
ŶŐŝŶĞĞƌĞĚEŽŶͲtŽŽĚ&ƌĂŵĞǁŝƚŚ
ůĞĐƚƌŝĐĂů ĞĂĐŚ ΨϮϵϵ ϯϬϳΨ ϭϴ WĂƚŝŽ
ŶĐůŽƐƵƌĞ
tŽŽĚ&ƌĂŵĞ ĞĂĐŚ ΨϰϮϬ ϰϯϮΨ tŽŽĚ&ƌĂŵĞǁŝƚŚ
ůĞĐƚƌŝĐĂů ĞĂĐŚ Ψϰϯϴ ϰϱϬΨ WƌĞͲ
ŶŐŝŶĞĞƌĞĚEŽŶͲtŽŽĚ&ƌĂŵĞ ĞĂĐŚ ΨϮϴϭ ϮϴϵΨ WƌĞͲ
ŶŐŝŶĞĞƌĞĚEŽŶͲtŽŽĚ&ƌĂŵĞǁŝƚŚ
ůĞĐƚƌŝĐĂů ĞĂĐŚ ΨϮϵϵ ϯϬϳΨ ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐDŝƐĐ/ƚĞŵƐ͕WĂŐĞϮϭŽĨϲϮ ƵŝůĚŝŶŐͲDŝƐĐĞůůĂŶĞŽƵƐ&ĞĞ/ƚĞŵƐ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϭϵ WŚŽƚŽǀŽůƚĂŝĐZĞƐŝĚĞŶƚŝĂů^LJƐƚĞŵ;ƵƉƚŽϭϱŬtͿ ƉĞƌƉĞƌŵŝƚ Ϯ ΨϯϱϬ ϯϲϬΨ &ŽƌĞĂĐŚŬǁŽǀĞƌϭϱŬt ƉĞƌŬt Ϯ Ψϭϱ ϭϱΨ ϮϬ WŚŽƚŽǀŽůƚĂŝĐZĞƐŝĚĞŶƚŝĂůdŚĞƌŵĂů^LJƐƚĞŵƐ;hƉƚŽϭϱŬtƚŚͿ ƉĞƌƉĞƌ ŵŝƚ Ϯ ΨϯϱϬ ϯϲϬΨ &ŽƌĞĂĐŚŬtƚŚŽǀĞƌϭϬŬtƚŚ ƉĞƌŬtƚŚ Ϯ Ψϭϱ ϭϱΨ Ϯϭ WŚŽƚŽǀŽůƚĂŝĐŽŵŵĞƌĐŝĂů^LJƐƚĞŵƐ;hƉƚŽϱϬŬtͿ ƉĞƌƉĞƌŵŝƚ Ϯ Ψϵϴϭ ϭ͕ϬϬϬΨ &ŽƌĞĂĐŚŬǁďĞƚǁĞĞŶϱϭͲϮϱϬŬt ƉĞƌŬt Ϯ Ψϳ ϳΨ ϮϮ WŚŽƚŽǀŽůƚĂŝĐŽŵŵĞƌĐŝĂů^LJƐƚĞŵƐ;ϮϱϬŬtͿ ƉĞƌƉĞƌŵŝƚ Ϯ ΨϮ͕ϯϵϯ Ϯ͕ϯϵϯΨ WůƵƐ;ĨŽƌĞĂĐŚŬǁŽǀĞƌϮϱϬŬtͿ ƉĞƌŬt Ϯ Ψϱ ϱΨ Ϯϯ WŚŽƚŽǀŽůƚĂŝĐŽŵŵĞƌĐŝĂůdŚĞƌŵĂů^LJƐƚĞŵƐ;hƉƚŽϯϬŬtƚŚͿͿ ƉĞƌƉĞƌ ŵŝƚ Ϯ Ψϵϴϭ ϭ͕ϬϬϬΨ &ŽƌĞĂĐŚŬǁƚŚďĞƚǁĞĞŶϯϬͲϮϲϬŬtƚŚ ƉĞƌŬtƚŚ Ϯ Ψϳ ϳΨ Ϯϰ WŚŽƚŽǀŽůƚĂŝĐŽŵŵĞƌĐŝĂůdŚĞƌŵĂů^LJƐƚĞŵƐ;ϮϲϬŬtƚŚͿ ƉĞƌƉĞƌŵŝƚ Ϯ ΨϮ͕ϱϵϯ Ϯ͕ϲϭϬΨ WůƵƐ;ĨŽƌĞĂĐŚŬtƚŚŽǀĞƌϮϲϬŬtƚŚͿ ƉĞƌŬtƚŚ Ϯ Ψϱ ϱΨ Ϯϱ ZĞŵŽĚĞůͲZĞƐŝĚĞŶƚŝĂů
hƉƚŽϱϬϬƐ͘Ĩ͘ ĞĂĐŚ Ψϲϯϭ ϲϰϴΨ KǀĞƌϱϬϬƐ͘Ĩ͘ ĞĂĐŚ Ψϴϰϭ ϴϲϰΨ Ϯϲ ZĞƚĂŝŶŝŶŐŽƌůŽĐŬtĂůů
hƉƚŽϱϬϬƐ͘Ĩ͘ ĞĂĐŚ Ψϭϵϯ ϭϵϴΨ ϱϬϭͲϱ͕ϬϬϬƐ͘Ĩ͘ ĞĂĐŚ ΨϯϱϬ ϯϲϬΨ
ĂĐŚĂĚĚŝƚŝŽŶĂůϱ͕ϬϬϬƐ͘Ĩ͘ ĞĂĐŚ E
t ϮϴϴΨ
Ϯϳ ZĞƌŽŽĨŝŶŐ
ŽŵŵĞƌĐŝĂů ƉĞƌƉĞƌŵŝƚ
ϬͲϭϬ͕ϬϬϬƐƋƵĂƌĞƐ Ψϱϲϭ ϱϳϲΨ ϭϬ͕ϬϬϬͲϱϬ͕ϬϬϬƐƋƵĂƌĞƐ Ψϴϰϭ ϴϲϰΨ KǀĞƌϱϬ͕ϬϬϬƐƋƵĂƌĞƐ Ψϭ͕ϭϮϭ ϭ͕ϭϱϭΨ ZĞƐŝĚĞŶƚŝĂů ƉĞƌƉĞƌŵŝƚ ΨϮϴϭ ϮϴϵΨ Ϯϴ ZŽŽĨ^ƚƌƵĐƚƵƌĞZĞƉĂŝƌͬZĞŝŶĨŽƌĐĞŵĞŶƚ
ŽŵŵĞƌĐŝĂů ĞĂĐŚ Ψϴϰϭ ϴϲϰΨ ZĞƐŝĚĞŶƚŝĂů ĞĂĐŚ Ψϴϰϭ ϴϲϰΨ Ϯϵ ^ŚĞĚ ƉĞƌƉĞƌŵŝƚ Ψϱϲϭ ϱϳϲΨ ϯϬ ^ŝŐŶ
ϯϭ tĂůůDŽƵŶƚ
^ŝŶŐůĞ ƉĞƌƉĞƌŵŝƚ ΨϯϱϬ ϯϲϬΨ DƵůƚŝƉůĞ ƉĞƌƉĞƌŵŝƚ ΨϰϮϬ ϰϯϮΨ &ƌĞĞƐƚĂŶĚŝŶŐ ƉĞƌƉĞƌŵŝƚ
^ŝŶŐůĞ ƉĞƌƉĞƌŵŝƚ ΨϰϮϬ ϰϯϮΨ DƵůƚŝƉůĞ ƉĞƌƉĞƌŵŝƚ Ψϰϵϭ ϱϬϰΨ
ůĞĐƚƌŝĐĂůŝƌĐƵŝƚƐ ƉĞƌƉĞƌŵŝƚ ΨϳϬ ϳϮΨ ϯϮ
^ŝƚĞ/ŵƉƌŽǀĞŵĞŶƚƐͲdŚŝƐŝŶĐůƵĚĞƐƐƵďƐƚĂŶƚŝĂůĚĞǀĞůŽƉŵĞŶƚŽĨƉƌŝǀĂƚĞƉĂƌŬŝŶŐůŽƚƐǁŚŝĐŚ ĂƌĞƉƌŽĐĞƐƐĞĚƐĞƉĂƌĂƚĞŽĨƚŚĞƐƚƌƵĐƚƵƌĞĂŶĚŝŶĐůƵĚĞĂŶLJĐŽŵďŝŶĂƚŝŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐ͗ hŶĚĞƌŐƌŽƵŶĚƵƚŝůŝƚŝĞƐ͕ƉĂƌŬŝŶŐůŽƚůŝŐŚƚŝŶŐ͕ĂĐĐĞƐƐŝďůĞƉĂƚŚŽĨƚƌĂǀĞůĂŶĂůLJƐŝƐĂŶĚ ĐŽŵƉůŝĂŶĐĞǁŝƚŚƚŚĞŝƚLJΖƐƉĂƌŬŝŶŐĂŶĚĚƌŝǀĞǁĂLJƐƚĂŶĚĂƌĚƐ͘
hƉƚŽϭĂĐƌĞ ƉĞƌƉĞƌŵŝƚ Ψϴϰϭ ϴϲϰΨ ϮͲϭϬĂĐƌĞƐ ƉĞƌƉĞƌŵŝƚ Ψϭ͕ϰϬϭ ϭ͕ϰϯϵΨ KǀĞƌϭϬĂĐƌĞƐ ƉĞƌƉĞƌŵŝƚ Ψϴϰϭ ϴϲϰΨ
ĂĐŚĂĚĚŝƚŝŽŶĂůϭϬĂĐƌĞƐŽƌĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ƉĞƌƉĞƌŵŝƚ Ψϴϰ ϴϲΨ ϯϯ ^ůĂďǁŝƚŚ&ŽŽƚŝŶŐƐ ƉĞƌƉĞƌŵŝƚ ΨϮϭϭ ϮϭϲΨ ϯϰ ^ƉƌĂLJŽŽƚŚ/ŶƐƚĂůůͬůĞĂŶZŽŽŵ ƉĞƌƉĞƌŵŝƚ Ψϵϴϭ ϭ͕ϬϬϳΨ ϯϱ ^ŝĚŝŶŐͬ^ƚƵĐĐŽ ĞĂĐŚ ΨϰϮϬ ϰϯϮΨ ϯϲ ^ƚŽƌĂŐĞZĂĐŬƐ
фϴĨƚ͕ĨŝƌƐƚϭϬϬůĨ ƉĞƌƉĞƌŵŝƚ Ψϱϲϭ ϱϳϲΨ ĞĂĐŚĂĚĚΖů͘ϭϬϬůĨ ƉĞƌƉĞƌŵŝƚ ΨϮϴ ϮϵΨ хϴĨƚ͕ĨŝƌƐƚϭϬϬůĨ ƉĞƌƉĞƌŵŝƚ Ψϳϳϭ ϳϵϮΨ хϴĨƚ͕ĞĂ͘ĚĚΖůϭϬϬůĨ ƉĞƌƉĞƌŵŝƚ ΨϰϮ ϰϯΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐDŝƐĐ/ƚĞŵƐ͕WĂŐĞϮϮŽĨϲϮ ƵŝůĚŝŶŐͲDŝƐĐĞůůĂŶĞŽƵƐ&ĞĞ/ƚĞŵƐ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϯϳ ^ǁŝŵŵŝŶŐWŽŽů
ďŽǀĞ'ƌŽƵŶĚWŽŽůͬ^ƉĂ ƉĞƌƉĞƌŵŝƚ ΨϯϱϬ ϯϲϬΨ /Ŷ'ƌŽƵŶĚ ƉĞƌƉĞƌŵŝƚ Ψϱϲϭ ϱϳϲΨ ϯϴ dƌĂƐŚ
ŶĐůŽƐƵƌĞ/ŶƐƚĂůů ƉĞƌƉĞƌŵŝƚ Ψϰϵϭ ϱϬϰΨ ϯϵ tŝŶĚŽǁƐͬŽŽƌ
&ŝƌƐƚϭϬtŝŶĚŽǁƐ ĞĂĐŚ ΨϮϴϭ ϮϴϵΨ
ĂĐŚĚĚŝƚŽŶĂůϭϬtŝŶĚŽǁƐ ĞĂĐŚ Ψϯϱ ϯϲΨ
KƚŚĞƌ/ŶƐƉĞĐƚŝŽŶƐ;WĞƌ,ŽƵƌͿ
ϰϬ /ŶƐƉĞĐƚŝŽŶƐŽƵƚƐŝĚĞŽĨŶŽƌŵĂůďƵƐŝŶĞƐƐŚŽƵƌƐ;ŵŝŶŝŵƵŵĐŚĂƌŐĞ͗ƚǁŽŚŽƵƌƐͿ ƉĞƌŚŽƵƌ ΨϭϲϮ ϭϲϲΨ ϰϭ ZĞͲŝŶƐƉĞĐƚŝŽŶĨĞĞƐ ƉĞƌŚŽƵƌ ΨϭϰϬ ϭϰϰΨ ϰϮ /ŶƐƉĞĐƚŝŽŶƐĨŽƌǁŚŝĐŚŶŽĨĞĞŝƐƐƉĞĐŝĨŝĐĂůůLJŝŶĚŝĐĂƚĞĚ;ŵŝŶŝŵƵŵĐŚĂƌŐĞ͗ŽŶĞŚĂůĨͲŚŽƵƌͿ ƉĞƌŚŽƵƌ ΨϭϰϬ ϭϰϰΨ ϰϯ ĚĚŝƚŝŽŶĂůƉůĂŶƌĞǀŝĞǁƌĞƋƵŝƌĞĚďLJĐŚĂŶŐĞƐ͕ĂĚĚŝƚŝŽŶƐŽƌƌĞǀŝƐŝŽŶƐƚŽĂƉƉƌŽǀĞĚƉůĂŶƐ ;ŵŝŶŝŵƵŵĐŚĂƌŐĞ͗ŽŶĞŚĂůĨͲŚŽƵƌͿ ƉĞƌŚŽƵƌ ϭ ΨϭϰϬ ϭϰϰΨ ϰϰ ĚĚƌĞƐƐŝŶŐ ƉĞƌĂƉƉůŝĐĂƚŝŽŶ ΨϳϬ ϳϮΨ ϰϱ ƉƉůŝĐĂƚŝŽŶĨŽƌ^ƉĞĐŝĂů/ŶƐƉĞĐƚŝŽŶ ƉĞƌĂƉƉůŝĐĂƚŝŽŶ ΨϳϬ ϳϮΨ KƚŚĞƌƵŝůĚŝŶŐ&ĞĞƐ
ϰϲ ƵŝůĚŝŶŐWĞƌŵŝƚZĞǀŝƐŝŽŶ͕&ĞĞнdŚŝƌĚWĂƌƚLJ,ŽƵƌůLJŚĂƌŐĞ ƉĞƌŚŽ Ƶƌ ĂĐƚƵĂůĐŽƐƚ ĂĐƚƵĂůĐŽƐƚ ϰϳ 'ƌĞĞŶƵŝůĚŝŶŐ^ƚĂŶĚĂƌĚƐWůĂŶŚĞĐŬĂŶĚ/ŶƐƉĞĐƚŝŽŶ ĞĂĐŚ ĂĐƚƵĂůĐŽƐƚ ĂĐƚƵĂůĐŽƐƚ ϰϴ 'ƌĞĞŶƵŝůĚŝŶŐ^ƚĂƚĞ^ƚĂŶĚĂƌĚƐ&ĞĞ;^ϭϰϳϯͿ ĞĂĐŚ
Ψϭ͘ϬϬƉĞƌĞǀĞƌLJ
ΨϮϱ͕ϬϬϬŝŶ
ďƵŝůĚŝŶŐ
ǀĂůƵĂƚŝŽŶŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ
;ŵŝŶŝŵƵŵĨĞĞ
Ψϭ͘ϬϬͿ
Ψϭ͘ϬϬƉĞƌĞǀĞƌLJ
ΨϮϱ͕ϬϬϬŝŶ
ďƵŝůĚŝŶŐ
ǀĂůƵĂƚŝŽŶŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ
;ŵŝŶŝŵƵŵĨĞĞ
Ψϭ͘ϬϬͿ
ϰϵ ^ƚƌŽŶŐDŽƚŝŽŶ/ŶƐƚƌƵŵĞŶƚĂƚŝŽŶ&ĞĞ;^D/WͿĂŶĚ^ĞŝƐŵŝĐ,ĂnjĂƌĚDĂƉƉŝŶŐ&ĞĞͲZĞƐŝĚĞŶƚŝĂů ĞĂĐŚ WĂƐƐƚŚƌŽƵŐŚ
ĨƌŽŵ^ƚĂƚĞ͗
Ψϭϯ͘ϬϬƉĞƌ
ΨϭϬϬ͕ϬϬϬ
ǀĂůƵĂƚŝŽŶ
;ŵŝŶŝŵƵŵΨϬ͘ϱϬ
ĨĞĞͿ
WĂƐƐƚŚƌŽƵŐŚ
ĨƌŽŵ^ƚĂƚĞ͗
Ψϭϯ͘ϬϬƉĞƌ
ΨϭϬϬ͕ϬϬϬ
ǀĂůƵĂƚŝŽŶ
;ŵŝŶŝŵƵŵ
ΨϬ͘ϱϬ ĨĞĞͿ
ϱϬ ^ƚƌŽŶŐDŽƚŝŽŶ/ŶƐƚƌƵŵĞŶƚĂƚŝŽŶ&ĞĞ;^D/WͿĂŶĚ^ĞŝƐŵŝĐ,ĂnjĂƌĚDĂƉƉŝŶŐ&ĞĞͲŽŵŵĞƌĐŝĂů ĞĂĐŚ WĂƐƐƚŚƌŽƵŐŚ
ĨƌŽŵ^ƚĂƚĞ͗
ΨϮϴ͘ϬϬƉĞƌ
ΨϭϬϬ͕ϬϬϬ
ǀĂůƵĂƚŝŽŶ
;ŵŝŶŝŵƵŵΨϬ͘ϱϬ
ĨĞĞͿ
WĂƐƐƚŚƌŽƵŐŚ
ĨƌŽŵ^ƚĂƚĞ͗
ΨϮϴ͘ϬϬƉĞƌ
ΨϭϬϬ͕ϬϬϬ
ǀĂůƵĂƚŝŽŶ
;ŵŝŶŝŵƵŵ
ΨϬ͘ϱϬ ĨĞĞͿ
ϱϭ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϭϰϬ ϭϰϰΨ EŽƚĞƐ
ϭ &ĞĞĐĂŶďĞĂƐƐĞƐƐĞĚĨŽƌĂĚĚŝƚŝŽŶĂůƌĞǀŝĞǁƐďĞLJŽŶĚƚŚĞƚŚŝƌĚƌĞǀŝĞǁ͕ĨŽƌĂŶLJƌĞǀŝĞǁǁŚĞƌĞ ƉůĂŶƐǁĞƌĞƌĞƐƵďŵŝƚƚĞĚǁŝƚŚŽƵƚĂĚĚƌĞƐƐŝŶŐĂůůĐŽƌƌĞĐƚŝŽŶƐ͘ Ϯ &ĞĞƐĞƚďLJ'ϲϲϬϭϱ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐDŝƐĐ/ƚĞŵƐ͕WĂŐĞϮϯŽĨϲϮ ƵŝůĚŝŶŐͲDĞĐŚĂŶŝĐĂů͕WůƵŵďŝŶŐ͕
ůĞĐƚƌŝĐĂů
///͘W>hD/E'͕D
,E/>E
>
dZ/>W
ZD/d^ͲEKd^^K/d
t/d,h/>/E'W
ZD/d
ϭ ŽŵďŝŶĂƚŝŽŶ^ƚĂŶĚůŽŶĞDW
WĞƌŵŝƚ
dŝĞƌϭ͗ϮͲϯŝƚĞŵƐĨƌŽŵƚŚĞůŝƐƚďĞůŽǁ Ψϯϰϯ ϯϱϮΨ dŝĞƌϮ͗ϰͲϲŝƚĞŵƐ Ψϱϴϵ ϲϬϱΨ dŝĞƌϯ͗'ƌĞĂƚĞƌƚŚĂŶϲŝƚĞŵƐͲƉůĞĂƐĞƐĞĞůƚĞƌĂƚŝŽŶƐWĞƌŵŝƚ ͲΨ ͲΨ
Ϯ ^ŝŶŐƵůĂƌDĞĐŚĂŶŝĐĂůWĞƌŵŝƚƐ ƉĞƌƉĞƌŵŝƚ
&hůĞƐƐƚŚĂŶϭϬϬ͕ϬϬϬƚƵͬŚ Ψϭϰϴ ϭϱϮΨ &hŐƌĞĂƚĞƌƚŚĂŶϭϬϬ͕ϬϬϬƚƵͬŚ ΨϮϰϱ ϮϱϭΨ DĞĐŚĂŶŝĐĂůůƚĞƌĂƚŝŽŶͬZĞƉĂŝƌDŝŶŽƌ;ϭŝŶƐƉĞĐƚŝŽŶĂƐƐƵŵĞĚͿ Ψϭϵϲ ϮϬϮΨ DĞĐŚĂŶŝĐĂůůƚĞƌĂƚŝŽŶͬZĞƉĂŝƌDĂũŽƌ;ϮŽƌŵŽƌĞŝŶƐƉĞĐƚŝŽŶĂƐƐƵŵĞĚͿ Ψϯϵϯ ϰϬϯΨ ,ŽŽĚͬsĞŶƚ^LJƐƚĞŵ Ψϰϵϭ ϱϬϰΨ ϯ ^ŝŶŐƵůĂƌ
ůĞĐƚƌŝĐĂůWĞƌŵŝƚƐ ƉĞƌƉĞƌŵŝƚ
'ĞŶĞƌĂƚŽƌ ĞĂĐŚ Ψϯϵϯ ϰϬϯΨ ^ĞƌǀŝĐĞƐŽĨϲϬϬǀŽůƚƐŽƌůĞƐƐĂŶĚŽǀĞƌϰϬϬĂŵƉĞƌĞƐƚŽϭϬϬϬĂŵƉĞƌĞƐŝŶƌĂƚŝŶŐ ĞĂĐŚ Ψϯϵϯ ϰϬϯΨ ^ĞƌǀŝĐĞƐŽǀĞƌϲϬϬǀŽůƚƐŽƌŽǀĞƌϭϬϬϬĂŵƉĞƌĞƐŝŶƌĂƚŝŶŐ ĞĂĐŚ Ψϰϵϭ ϱϬϰΨ ^ĞƌǀŝĐĞƐƵŶĚĞƌϲϬϬǀŽůƚƐ͕ϰϬϬĂŵƉƐŽƌůĞƐƐ ΨϮϰϱ ϮϱϭΨ
ůĞĐƚƌŝĐDĞƚĞƌZĞƐĞƚ Ψϭϵϲ ϮϬϮΨ ^ƵďƉĂŶĞů ΨϮϰϱ ϮϱϭΨ dĞŵƉŽƌĂƌLJWŽǁĞƌ ΨϮϰϱ ϮϱϭΨ >ŝŐŚƚŝŶŐWŽůĞƐ
&ŝƌƐƚƉŽůĞ ĞĂĐŚ Ψϯϰϯ ϯϱϮΨ
ĂĐŚĂĚĚŝƚŝŽŶĂů ĞĂĐŚ ΨϮϭ ϮϮΨ KƚŚĞƌDŝŶŽƌ
ůĞĐƚƌŝĐĂůůƚĞƌĂƚŝŽŶͬZĞƉĂŝƌ;ϭŝŶƐƉĞĐƚŝŽŶĂƐƐƵŵĞĚͿ Ψϭϵϲ ϮϬϮΨ KƚŚĞƌDĂũŽƌ
ůĞĐƚƌŝĐĂůůƚĞƌĂƚŝŽŶͬZĞƉĂŝƌ;ϮŽƌŵŽƌĞŝŶƐƉĞĐƚŝŽŶƐĂƐƐƵŵĞĚͿ Ψϯϵϯ ϰϬϯΨ ϰ WůƵŵďŝŶŐWĞƌŵŝƚƐ ƉĞƌƉĞƌŵŝƚ
tĂƚĞƌ,ĞĂƚĞƌ Ψϭϰϴ ϭϱϮΨ tĂƚĞƌ^ĞƌǀŝĐĞ Ψϭϰϴ ϭϱϮΨ ^ĞǁĞƌͬ^ĞƉƚŝĐ ΨϮϰϱ ϮϱϭΨ dƌĂƉͬ/ŶƚĞƌĐĞƉƚŽƌ ΨϮϵϰ ϯϬϮΨ 'ĂƐ>ŝŶĞŝƌdĞƐƚ Ψϭϵϲ ϮϬϮΨ KƚŚĞƌDŝŶŽƌWůƵŵďŝŶŐůƚĞƌĂƚŝŽŶͬZĞƉĂŝƌ;ϭŝŶƐƉĞĐƚŝŽŶĂƐƐƵŵĞĚͿ Ψϭϵϲ ϮϬϮΨ KƚŚĞƌDĂũŽƌWůƵŵďŝŶŐůƚĞƌĂƚŝŽŶͬZĞƉĂŝƌ;ϮŽƌŵŽƌĞŝŶƐƉĞĐƚŝŽŶƐĂƐƐƵŵĞĚͿ Ψϯϵϯ ϰϬϯΨ ϱ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϭϰϬ ϭϰϰΨ ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐDW
͕WĂŐĞϮϰŽĨϲϮ
&ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ
/ ŽŶƐƚƌƵĐƚŝŽŶWĞƌŵŝƚƐ
ϭ &ŝƌĞ^ƉƌŝŶŬůĞƌ^LJƐƚĞŵƐ͗ Ϯ
ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůEĂƚŝŽŶĂů&ŝƌĞWƌŽƚĞĐƚŝŽŶƐƐŽĐŝĂƚŝŽŶ;E&WͿϭϯ&ŝƌĞ^ƉƌŝŶŬůĞƌ ^LJƐƚĞŵͲDŽĚŝĨŝĐĂƚŝŽŶƐ͗
WůĂŶZĞǀŝĞǁ
ϭͲϱĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϭϱϰΨ ϲͲϭϵĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϮϯϭΨ ϮϬͲϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϯϬϵΨ ϱϭͲϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϰϲϯΨ ϭϬϭͲϯϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϲϭϳΨ хϯϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϭ͕ϮϯϰΨ /ŶƐƉĞĐƚŝŽŶ
ϭͲϱĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ψϰϱϭ ϰϲϯΨ ϲͲϭϵĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϲϭϳΨ ϮϬͲϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϵϬϭ ϵϮϲΨ ϱϭͲϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ψϭ͕Ϭϵϲ ϭ͕ϭϮϲΨ ϭϬϭͲϯϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ψϭ͕ϱϬϮ ϭ͕ϱϰϯΨ хϯϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϮ͕ϬϮϴ Ϯ͕ϬϴϮΨ
ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůE&Wϭϯ&ŝƌĞ^ƉƌŝŶŬůĞƌ^LJƐƚĞŵͲEĞǁ&ŝƌƐƚZŝƐĞƌ;WĞƌƵŝůĚŝŶŐͿ WůĂŶZĞǀŝĞǁ
ϭͲϮϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ ΨϲϬϭ ϲϭϳΨ ϮϭͲϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ ΨϲϬϭ ϵϮϲΨ ϱϭͲϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ ΨϲϬϭ ϭ͕ϮϯϰΨ ϭϬϭͲϯϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ ΨϲϬϭ ϭ͕ϴϱϭΨ
ĂĐŚĂĚĚŝƚŝŽŶĂůƌŝƐĞƌ;ƐĂŵĞŚĂnjĂƌĚĐůĂƐƐͿ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϰϲϯΨ /ŶƐƉĞĐƚŝŽŶ
ϭͲϮϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ ΨϲϬϭ ϲϭϳΨ ϮϭͲϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ ΨϵϬϭ ϵϮϲΨ ϱϭͲϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ Ψϭ͕Ϭϵϲ ϭ͕ϭϮϲΨ ϭϬϭͲϯϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ Ψϭ͕ϱϬϮ ϭ͕ϱϰϯΨ
ĂĐŚĂĚĚŝƚŝŽŶĂůƌŝƐĞƌ;ƐĂŵĞŚĂnjĂƌĚĐůĂƐƐͿ ƉĞƌƌŝƐĞƌ Ψϳϱ ϰϲϯΨ
ŽŵŵĞƌĐŝĂů&ŝƌĞWƵŵƉ
WůĂŶZĞǀŝĞǁ ĨůĂƚ ΨϵϬϭ ϵϮϲΨ /ŶƐƉĞĐƚŝŽŶ ĨůĂƚ Ψϯϳϲ ϯϴϲΨ
^ŝŶŐůĞ&ĂŵŝůLJZĞƐŝĚĞŶƚŝĂůͲE&Wϭϯ&ŝƌĞ^ƉƌŝŶŬůĞƌ
WůĂŶZĞǀŝĞǁ
ϭͲϯ͕ϲϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϮϴϬ ϭϱϰΨ ϯ͕ϲϬϭͲϱ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϮϴϬ ϮϯϭΨ хϱ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϮϴϬ ϰϲϯΨ dƌĂĐƚ,ŽŵĞƐ ĨůĂƚ ΨϮϴϬ ϵϮϲΨ /ŶƐƉĞĐƚŝŽŶ
ϭͲϯ͕ϲϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϭϬϱ ϭϬϴΨ ϯ͕ϲϬϭͲϱ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϭϬϱ ϭϬϴΨ хϱ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϭϬϱ ϭϬϴΨ dƌĂĐƚ,ŽŵĞƐ ĨůĂƚ ΨϳϬ ϳϮΨ DŽĚŝĨŝĐĂƚŝŽŶƐƚŽĞdžŝƐƚŝŶŐƐLJƐƚĞŵ;ƉĞƌƌŝƐĞƌͿ ƉĞƌƌŝƐĞƌ Ψϯϱ ϯϲΨ DĂŶƵĨĂĐƚƵƌĞĚ,ŽŵĞͲ&ĂĐƚŽƌLJ/ŶƐƚĂůůĞĚ^ƉƌŝŶŬůĞƌƐ ĨůĂƚ Ψϯϱ ϯϲΨ dĂŶŬŽƌǁĞůůƐƵƉƉůLJ͕ďƵĐŬĞƚƚĞƐƚŽƌƉƵŵƉƚĞƐƚ ĨůĂƚ Ψϯϱ ϯϲΨ ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ &ŝƌĞWƌĞǀ͕WĂŐĞϮϱŽĨϲϮ &ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
DƵůƚŝͲ&ĂŵŝůLJZĞƐŝĚĞŶƚŝĂů&ŝƌĞ^ƉƌŝŶŬůĞƌ͕E&WϭϯZ;ƉĞƌƌŝƐĞƌͿ WůĂŶZĞǀŝĞǁ
ϭͲϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϰϲϯΨ ϱϭͲϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϲϭϳΨ хϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϳϳϭΨ DŽĚŝĨŝĐĂƚŝŽŶƚŽĞdžŝƐƚŝŶŐƐLJƐƚĞŵ ĨůĂƚ ΨϲϬϭ ϯϬϵΨ /ŶƐƉĞĐƚŝŽŶ
ϭͲϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ψϳϱϭ ϳϳϭΨ ϱϭͲϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ψϵϳϲ ϭ͕ϬϬϯΨ хϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ψϭ͕ϮϬϮ ϭ͕ϮϯϰΨ DŽĚŝĨŝĐĂƚŝŽŶƚŽĞdžŝƐƚŝŶŐƐLJƐƚĞŵ ĨůĂƚ Ψϲϳϲ ϲϵϰΨ
WƌŝǀĂƚĞhŶĚĞƌŐƌŽƵŶĚ&ŝƌĞ>ŝŶĞ͗
WůĂŶZĞǀŝĞǁ
ϭͲϭϬƌŝƐĞƌƐͬŚLJĚƌĂŶƚƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ΨϲϬϭ ϯϬϵΨ ϭϭͲϮϬƌŝƐĞƌƐͬŚLJĚƌĂŶƚƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ΨϲϬϭ ϰϲϯΨ хϮϬƌŝƐĞƌƐͬŚLJĚƌĂŶƚƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ
ϭͲϭϬƌŝƐĞƌƐͬŚLJĚƌĂŶƚƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ΨϴϮϲ ϴϰϴΨ ϭϭͲϮϬƌŝƐĞƌƐͬŚLJĚƌĂŶƚƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ Ψϭ͕ϮϬϮ ϭ͕ϮϯϰΨ хϮϬƌŝƐĞƌƐͬŚLJĚƌĂŶƚƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ Ψϭ͕ϳϮϳ ϭ͕ϳϳϰΨ
/ŶͲZĂĐŬ^ƉƌŝŶŬůĞƌƐ͗
/ŶƐƉĞĐƚŝŽŶ͕ϭͲϭϬƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕ϭϭͲϮϬƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϴϮϲ ϴϰϴΨ /ŶƐƉĞĐƚŝŽŶ͕ϮϭͲϯϬƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ψϭ͕Ϭϱϭ ϭ͕ϬϴϬΨ /ŶƐƉĞĐƚŝŽŶ͕хϯϬƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ψϭ͕ϯϱϮ ϭ͕ϯϴϴΨ
Ϯ WƌĞͲ
ŶŐŝŶĞĞƌĞĚ^LJƐƚĞŵƐͬ
ƋƵŝƉŵĞŶƚ Ϯ
WůĂŶZĞǀŝĞǁ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕^ƉƌĂLJͬŝƉƉŝŶŐͬWŽǁĞƌĐŽĂƚŝŶŐƚŚƐ ĨůĂƚ ΨϯϬϬ ϯϬϵΨ /ŶƐƉĞĐƚŝŽŶ͕/ŶĚƵƐƚƌŝĂůKǀĞŶƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ΨϯϬϬ ϯϬϵΨ /ŶƐƉĞĐƚŝŽŶ͕sĂƉŽƌZĞĐŽǀĞƌLJ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ΨϯϬϬ ϯϬϵΨ /ŶƐƉĞĐƚŝŽŶ͕ZĞĨƌŝŐĞƌĂƚŝŽŶ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ΨϯϬϬ ϯϬϵΨ /ŶƐƉĞĐƚŝŽŶ͕ƵƐƚŽůůĞĐƚŝŽŶ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ Ψϰϱϭ ϰϲϯΨ /ŶƐƉĞĐƚŝŽŶ͕,ŽŽĚĂŶĚƵĐƚ
džƚŝŶŐƵŝƐŚŝŶŐ^LJƐƚĞŵ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐ LJƐƚĞŵ Ψϲϳϲ ϲϵϰΨ /ŶƐƉĞĐƚŝŽŶ͕'ĂƐ^LJƐƚĞŵ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ Ψϰϱϭ ϰϲϯΨ /ŶƐƉĞĐƚŝŽŶ͕^ŵŽŬĞŽŶƚƌŽů^LJƐƚĞŵ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ Ψϰϱϭ ϰϲϯΨ /ŶƐƉĞĐƚŝŽŶ͕ĂƚƚĞƌLJ^LJƐƚĞŵ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ΨϯϬϬ ϯϬϵΨ /ŶƐƉĞĐƚŝŽŶ͕^ƉĞĐŝĂů
džƚŝŶŐƵŝƐŚŝŶŐ^LJƐƚĞŵ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ Ψϰϱϭ ϰϲϯΨ /ŶƐƉĞĐƚŝŽŶ͕ŽŵŵĞƌĐŝĂů^ŽůĂƌWŽǁĞƌ'ĞŶĞƌĂƚŝŶŐ^ƚĂƚŝŽŶ ĨůĂƚ Ψϰϱϭ ϰϲϯΨ /ŶƐƉĞĐƚŝŽŶ͕ŽŵŵĞƌĐŝĂů^ƚƌƵĐƚƵƌĞͲDŽƵŶƚĞĚWŚŽƚŽǀŽůƚĂŝĐ^LJƐƚĞŵ ĨůĂ ƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕
ŵĞƌŐĞŶĐLJZĞƐƉŽŶĚĞƌZĂĚŝŽŽǀĞƌĂŐĞ ĨůĂƚ ΨϯϬϬ ϯϬϵΨ /ŶƐƉĞĐƚŝŽŶ͕DŝŶŽƌDŽĚŝĨŝĐĂƚŝŽŶƐͬZĞƉĂŝƌƐ ĨůĂƚ ΨϭϱϬ ϭϱϰΨ
ϯ ,ŝŐŚͲWŝůĞĚŽŵďƵƐƚŝďůĞ^ƚŽƌĂŐĞ͗ Ϯ
WůĂŶZĞǀŝĞǁ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕ϱϬϬͲϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϲϳϲ ϲϵϰΨ /ŶƐƉĞĐƚŝŽŶ͕ϭϬ͕ϬϬϭͲϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϭ͕ϭϮϳ ϭ͕ϭϱϳΨ /ŶƐƉĞĐƚŝŽŶ͕ϱϬ͕ϬϬϭͲϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϭ͕ϱϳϳ ϭ͕ϲϮϬΨ /ŶƐƉĞĐƚŝŽŶ͕ĞĂĐŚĂĚĚΖůϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ƉĞƌϭϬϬ<Ɛ͘Ĩ͘ Ψϭ͕ϱϳϳ ϭ͕ϲϮϬΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ &ŝƌĞWƌĞǀ͕WĂŐĞϮϲŽĨϲϮ &ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϰ ,ŽƐĞZĂĐŬͬ^ƚĂŶĚƉŝƉĞ^LJƐƚĞŵƐ͗ Ϯ
/ŶƐƉĞĐƚŝŽŶ͕ϭͲϱ,ŽƐĞZĂĐŬƐͬ^ƚĂŶĚƉŝƉĞƐ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕ϲͲϭϬ,ŽƐĞZĂĐŬƐͬ^ƚĂŶĚƉŝƉĞƐ ĨůĂƚ ΨϵϬϭ ϵϮϲΨ /ŶƐƉĞĐƚŝŽŶ͕ĞĂĐŚĂĚĚΖůŚŽƐĞƌĂĐŬͬƐƚĂŶĚƉŝƉĞ;ŽǀĞƌϭϬͿ ƉĞƌĂĚĚΖů ΨϲϬϭ ϲϭϳΨ
ϱ &ŝƌĞůĂƌŵͲEĞǁ^LJƐƚĞŵ;WĞƌ^LJƐƚĞŵͿ Ϯ
tĂƚĞƌĨůŽǁDŽŶŝƚŽƌŝŶŐ^LJƐƚĞŵWůĂŶZĞǀŝĞǁ ĨůĂƚ ΨϲϬϭ ϰϲϯΨ DĂŶƵĂůͬƵƚŽŵĂƚŝĐ&ŝƌĞůĂƌŵ^LJƐƚĞŵWůĂŶZĞǀŝĞǁ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕ϭͲϭϬŝŶŝƚŝĂƚŝŶŐĚĞǀŝĐĞƐ ĨůĂƚ Ψϲϳϲ ϲϵϰΨ /ŶƐƉĞĐƚŝŽŶ͕ϭϭͲϱϬŝŶŝƚŝĂƚŝŶŐĚĞǀŝĐĞƐ ĨůĂƚ Ψϳϱϭ ϳϳϭΨ /ŶƐƉĞĐƚŝŽŶ͕ϱϭŽƌŵŽƌĞŝŶŝƚŝĂƚŝŶŐĚĞǀŝĐĞƐ ĨůĂƚ Ψϵϳϲ ϭ͕ϬϬϯΨ
ϲ &ŝƌĞůĂƌŵ^LJƐƚĞŵDŽĚŝĨŝĐĂƚŝŽŶƐ;ůůdLJƉĞƐͿ;WĞƌ^LJƐƚĞŵͿ Ϯ͕ϲ WůĂŶZĞǀŝĞǁ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕ϭϬŝŶŝƚŝĂƚŝŶŐĚĞǀŝĐĞƐ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕ĞĂĐŚĂĚĚΖůϭϬŝŶŝƚŝĂƚŝŶŐĚĞǀŝĐĞƐ ƉĞƌĂĚĚΖů͘ Ψϳϱϭ ϳϳϭΨ /ŶƐƉĞĐƚŝŽŶ͕&ŝƌĞůĂƌŵŽŶƚƌŽůWĂŶĞůhƉŐƌĂĚĞ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ
ϳ ďŽǀĞŐƌŽƵŶĚ^ƚŽƌĂŐĞdĂŶŬ Ϯ
WůĂŶZĞǀŝĞǁ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕ϭƐƚƚĂŶŬĂƚůŽĐĂƚŝŽŶ ĨůĂƚ ΨϯϬϬ ϯϬϵΨ /ŶƐƉĞĐƚŝŽŶ͕ĞĂĐŚĂĚĚΖůƚĂŶŬ ƉĞƌĂĚĚΖů͘ Ψϳϱ ϳϳΨ
ϴ DƵůƚŝͲ&ĂŵŝůLJZĞƐŝĚĞŶƚŝĂůŽŶƐƚƌƵĐƚŝŽŶWƌŽũĞĐƚƐ Ϯ WůĂŶZĞǀŝĞǁ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕ϭͲϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϲϳϲ ϲϵϰΨ /ŶƐƉĞĐƚŝŽŶ͕ϭϬ͕ϬϬϭͲϮϱ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϵϬϭ ϵϮϲΨ /ŶƐƉĞĐƚŝŽŶ͕Ϯϱ͕ϬϬϭͲϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϭ͕ϮϬϮ ϭ͕ϮϯϰΨ /ŶƐƉĞĐƚŝŽŶ͕хϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ĞĂĐŚĂĚĚΖůϭ͕ϬϬϬƐƋ͘Ĩƚ͘ ƉĞƌĂĚĚΖů͘ Ψϭ͕ϱϬϮ ϭ͕ϱϰϯΨ
ϵ ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůEĞǁŽŶƐƚƌƵĐƚŝŽŶWƌŽũĞĐƚƐ Ϯ WůĂŶZĞǀŝĞǁ
ϭͲϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ ϭϬ͕ϬϬϭͲϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϳϳϭΨ ϱϬ͕ϬϬϭͲϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϵϮϲΨ ϭϬϬ͕ϬϬϭͲϱϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϭ͕ϬϴϬΨ ϱϬϬ͕ϬϬϭͲϭ͕ϬϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϭ͕ϱϰϯΨ хϭ͕ϬϬϬ͕ϬϬϬƐƋ͘Ĩƚ͕͘ĞĂĐŚĂĚĚΖůϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ƉĞƌĂĚĚΖů͘ ΨϲϬϭ ϭϱϰΨ /ŶƐƉĞĐƚŝŽŶ
ϭͲϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ ϭϬ͕ϬϬϭͲϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϵϬϭ ϵϮϲΨ ϱϬ͕ϬϬϭͲϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϭ͕ϮϬϮ ϭ͕ϮϯϰΨ ϭϬϬ͕ϬϬϭͲϱϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϭ͕ϰϮϳ ϭ͕ϰϲϱΨ ϱϬϬ͕ϬϬϭͲϭ͕ϬϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϮ͕ϰϬϯ Ϯ͕ϰϲϴΨ хϭ͕ϬϬϬ͕ϬϬϬƐƋ͘Ĩƚ͕͘ĞĂĐŚĂĚĚΖůϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ƉĞƌĂĚĚΖů͘ Ψϭ͕ϭϮϳ ϭ͕ϭϱϳΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ &ŝƌĞWƌĞǀ͕WĂŐĞϮϳŽĨϲϮ &ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϭϬ ŽŵŵĞƌĐŝĂůdĞŶĂŶƚ/ŵƉƌŽǀĞŵĞŶƚƐ Ϯ
WůĂŶZĞǀŝĞǁ
ϭͲϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϯϬϵΨ ϭϬ͕ϬϬϭͲϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϰϲϯΨ ϱϬ͕ϬϬϭͲϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ хϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͕͘ĞĂĐŚĂĚĚΖůϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ƉĞƌĂĚĚΖů͘ ΨϲϬϭ ϭϱϰΨ /ŶƐƉĞĐƚŝŽŶ
ϭͲϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ ϭϬ͕ϬϬϭͲϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϵϬϭ ϵϮϲΨ ϱϬ͕ϬϬϭͲϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϭ͕ϮϬϮ ϭ͕ϮϯϰΨ хϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͕͘ĞĂĐŚĂĚĚΖůϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ƉĞƌĂĚĚΖů͘ Ψϭ͕ϭϮϳ ϭ͕ϭϱϳΨ
ϭϭ WůĂŶŶŝŶŐWƌŽũĞĐƚZĞǀŝĞǁ Ϯ ^ĞĞWůĂŶŶŝŶŐ
&ĞĞ^ĐŚĞĚƵůĞ
^ĞĞWůĂŶŶŝŶŐ
&ĞĞ^ĐŚĞĚƵůĞ
ϭϮ tĂƚĞƌ/ŵƉƌŽǀĞŵĞŶƚͲWƵďůŝĐtĂƚĞƌ>ŝŶĞ;WůĂŶZĞǀŝĞǁͿ Ϯ &ŝƌƐƚϭͲϭϬŚLJĚƌĂŶƚƐ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ хϭϬŚLJĚƌĂŶƚƐ͕ĞĂĐŚĂĚĚΖůϭϬŚLJĚƌĂŶƚƐ ƉĞƌĂĚĚΖů͘ Ψϵϳϲ ϭ͕ϬϬϯΨ
ϭϯ KƚŚĞƌDŝƐĐĞůůĂŶĞŽƵƐĞǀĞůŽƉŵĞŶƚZĞǀŝĞǁ&ĞĞƐ Ϯ
,ĂnjĂƌĚŽƵƐDĂƚĞƌŝĂůZĞǀŝĞǁͲƉĞƌŚŽƵƌ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ŚŽƵƌůLJ ΨϯϬϬ ϯϬϵΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
dĞĐŚŶŝĐĂůŶĂůLJƐŝƐͬKƉŝŶŝŽŶZĞƉŽƌƚͲƉĞƌŚŽƵƌ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ŚŽƵƌůLJ ΨϯϬϬ ϯϬϵΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ůƚĞƌŶĂƚĞDĂƚĞƌŝĂůƐĂŶĚDĞƚŚŽĚƐZĞƋƵĞƐƚͲƉĞƌŚŽƵƌ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ŚŽƵƌůLJ ΨϯϬϬ ϯϬϵΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϭϰ ZĞǀŝƐŝŽŶŽĨĂƉƌĞǀŝŽƵƐůLJĂƉƉƌŽǀĞĚƉůĂŶŽƌƐͲƵŝůƚƐ ĨůĂƚ Ϯ͕ϳ Ψϳϱϭ ϳϳϭΨ
ϭϱ WůĂŶƌĞͲƐƵďŵŝƚƚĂů͖ĞĂĐŚƐƵďƐĞƋƵĞŶƚƐƵďŵŝƚƚĂůĂĨƚĞƌϮŶĚͬŵŝƐĐĞůůĂŶĞŽƵƐƉůĂŶĐŚĞĐŬ;ƉĞƌ ŚŽƵƌͿ ŚŽƵƌůLJ Ϯ ΨϯϬϬ ϯϬϵΨ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ &ŝƌĞWƌĞǀ͕WĂŐĞϮϴŽĨϲϮ &ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
// ŶŶƵĂůKƉĞƌĂƚŝŽŶĂůWĞƌŵŝƚƐ
ϭϲ ĂƐĞWĞƌŵŝƚ&ĞĞͲ&ĂĐŝůŝƚLJ^ŝnjĞ
ϬͲϱ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϯϳϲ ϯϴϲΨ ϱ͕ϬϬϭͲϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϰϱϭ ϰϲϯΨ ϭϬ͕ϬϬϭͲϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ ϱϬ͕ϬϬϭͲϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϲϳϲ ϲϵϰΨ ϭϬϬ͕ϬϬϭͲϱϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϳϱϭ ϳϳϭΨ ϱϬϬ͕ϬϬϬͲϭ͕ϬϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϵϬϭ ϵϮϲΨ хϭ͕ϬϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϭϱϬ ϭϱϰΨ
ϭϳ ŶŶƵĂůKƉĞƌĂƚŝŽŶĂůWĞƌŵŝƚͲƉĞƌWĞƌŵŝƚ
>Žǁ,ĂnjĂƌĚ ϭ
ƵƚŽŵŽďŝůĞtƌĞĐŬŝŶŐzĂƌĚƐ ĨůĂƚ Ψϳϱ ϳϳΨ ĞůůƵůŽƐĞEŝƚƌĂƚĞ&ŝůŵ ĨůĂƚ Ψϳϱ ϳϳΨ KƉĞŶ&ůĂŵĞƐĂŶĚĂŶĚůĞƐ ĨůĂƚ Ψϳϱ ϳϳΨ WůĂĐĞƐŽĨƐƐĞŵďůLJϱϬͲϮϵϵ ĨůĂƚ Ψϳϱ ϳϳΨ
DĞĚŝƵŵ,ĂnjĂƌĚ ϭ
ĂƌďŽŶŝŽdžŝĚĞ
ŶƌŝĐŚŵĞŶƚ^LJƐƚĞŵƐ ĨůĂƚ Ψϳϱ ϳϳΨ ĂƌďŽŶŝŽdžŝĚĞ^LJƐƚĞŵƐ/ŶĞǀĞƌĂŐĞŝƐƉĞŶƐŝŶŐ ĨůĂƚ Ψϳϱ ϳϳΨ ŽŵďƵƐƚŝďůĞ&ŝďĞƌƐ ĨůĂƚ Ψϳϱ ϳϳΨ ƌLJůĞĂŶŝŶŐ ĨůĂƚ Ψϳϱ ϳϳΨ &ŝdžĞĚ,ŽŽĚΘƵĐƚ
džƚŝŶŐƵŝƐŚŝŶŐ^LJƐƚĞŵƐ ĨůĂƚ Ψϳϱ ϳϳΨ /ŶĚƵƐƚƌŝĂůKǀĞŶƐ ĨůĂƚ Ψϳϱ ϳϳΨ >ŝƋƵŝĚŽƌ'ĂƐ&ƵĞů
ƋƵŝƉŵĞŶƚŝŶƐƐĞŵďůLJƵŝůĚŝŶŐƐ ĨůĂƚ Ψϳϱ ϳϳΨ >ƵŵďĞƌzĂƌĚƐĂŶĚtŽŽĚǁŽƌŬŝŶŐ ĨůĂƚ Ψϳϱ ϳϳΨ DŝƐĐĞůůĂŶĞŽƵƐŽŵďƵƐƚŝďůĞ^ƚŽƌĂŐĞ ĨůĂƚ Ψϳϱ ϳϳΨ DŽƚŽƌsĞŚŝĐůĞ&ƵĞůŝƐƉĞŶƐŝŶŐ ĨůĂƚ Ψϳϱ ϳϳΨ WLJƌŽdžLJůŝŶWůĂƐƚŝĐƐ ĨůĂƚ Ψϳϱ ϳϳΨ WůĂĐĞƐŽĨƐƐĞŵďůLJϯϬϬͲϵϵϵKĐĐƵƉĂŶƚƐ ĨůĂƚ Ψϳϱ ϳϳΨ WƌŽĚƵĐƚŝŽŶ&ĂĐŝůŝƚŝĞƐ ĨůĂƚ Ψϳϱ ϳϳΨ ZĞĨƌŝŐĞƌĂƚŝŽŶ
ƋƵŝƉŵĞŶƚ ĨůĂƚ Ψϳϱ ϳϳΨ ZŽŽĨƚŽƉ,ĞůŝƉŽƌƚƐ ĨůĂƚ Ψϳϱ ϳϳΨ ^ƚŽƌĂŐĞŽĨ^ĐƌĂƉdŝƌĞƐĂŶĚdŝƌĞLJƉƌŽĚƵĐƚƐ ĨůĂƚ Ψϳϱ ϳϳΨ tĂƐƚĞ,ĂŶĚůŝŶŐ ĨůĂƚ Ψϳϱ ϳϳΨ tŽŽĚ͕DĂŶƵƌĞ͕ĂŶĚKƌŐĂŶŝĐWƌŽĚƵĐƚ^ƚŽƌĂŐĞ ĨůĂƚ Ψϳϱ ϳϳΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ &ŝƌĞWƌĞǀ͕WĂŐĞϮϵŽĨϲϮ &ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
,ŝŐŚ,ĂnjĂƌĚ ϭ
ĞƌŽƐŽůWƌŽĚƵĐƚƐ ĨůĂƚ Ψϳϱ ϳϳΨ ǀŝĂƚŝŽŶ&ĂĐŝůŝƚŝĞƐ ĨůĂƚ Ψϳϱ ϳϳΨ ĂƚƚĞƌLJ^LJƐƚĞŵƐ ĨůĂƚ Ψϳϱ ϳϳΨ ŽŵďƵƐƚŝďůĞƵƐƚWƌŽĚƵĐŝŶŐKƉĞƌĂƚŝŽŶƐ ĨůĂƚ Ψϳϱ ϳϳΨ ŽŵƉƌĞƐƐĞĚ'ĂƐĞƐ ĨůĂƚ Ψϳϱ ϳϳΨ ƌLJŽŐĞŶŝĐ&ůƵŝĚƐ ĨůĂƚ Ψϳϱ ϳϳΨ
džƉůŽƐŝǀĞƐ ĨůĂƚ Ψϳϱ ϳϳΨ &ůĂŵŵĂďůĞĂŶĚŽŵďƵƐƚŝďůĞ>ŝƋƵŝĚƐ ĨůĂƚ Ψϳϱ ϳϳΨ ,ŝŐŚͲƉŝůĞĚŽŵďƵƐƚŝďůĞ^ƚŽƌĂŐĞ ĨůĂƚ Ψϳϱ ϳϳΨ ,ŽƚtŽƌŬƐKƉĞƌĂƚŝŽŶƐ ĨůĂƚ Ψϳϱ ϳϳΨ ,WD&ĂĐŝůŝƚŝĞƐ ĨůĂƚ Ψϳϱ ϳϳΨ >ŝƋƵĞĨŝĞĚWĞƚƌŽůĞƵŵ'ĂƐƐĞƐ ĨůĂƚ Ψϳϱ ϳϳΨ DĂŐŶĞƐŝƵŵ ĨůĂƚ Ψϳϱ ϳϳΨ KƌŐĂŶŝĐŽĂƚŝŶŐƐ ĨůĂƚ Ψϳϱ ϳϳΨ WĂůůĞƚzĂƌĚƐ ĨůĂƚ Ψϳϱ ϳϳΨ WůĂĐĞƐŽĨƐƐĞŵďůLJϭ͕ϬϬϬнKĐĐƵƉĂŶƚƐ ĨůĂƚ Ψϳϱ ϳϳΨ WůĂŶƚ
džƚƌĂĐƚŝŽŶ^LJƐƚĞŵƐ ĨůĂƚ Ψϳϱ ϳϳΨ ZĞƉĂŝƌ'ĂƌĂŐĞƐ ĨůĂƚ Ψϳϱ ϳϳΨ ^ƉƌĂLJŝŶŐŽƌŝƉƉŝŶŐ ĨůĂƚ Ψϳϱ ϳϳΨ dŝƌĞZĞďƵŝůĚŝŶŐWůĂŶƚƐ ĨůĂƚ Ψϳϱ ϳϳΨ
ZĞŝŶƐƉĞĐƚŝŽŶ ƉĞƌŝŶƐƉĞĐƚŝŽŶ Ψϳϱ ϳϳΨ
/// ^ƉĞĐŝĂů
ǀĞŶƚͬdĞŵƉŽƌĂƌLJhƐĞWĞƌŵŝƚƐ
ϭϴ DŝƐĐĞůůĂŶĞŽƵƐŽƵŶƚĞƌWĞƌŵŝƚ;EŽŝŶƐƉĞĐƚŝŽŶƌĞƋΖĚͿ ĨůĂƚ Ϯ ΨϭϱϬ ϭϱϰΨ
ϭϵ ƉƉůŝĐĂƚŝŽŶZĞǀŝĞǁ Ϯ
DŝŶŽƌ^ƉĞĐŝĂů
ǀĞŶƚͬdĞŵƉŽƌĂƌLJhƐĞƉƉůŝĐĂƚŝŽŶ ĨůĂƚ Ψϰϭϯ ϰϮϰΨ DĂũŽƌ^ƉĞĐŝĂů
ǀĞŶƚͬdĞŵƉŽƌĂƌLJhƐĞͬ&ŝůŵWĞƌŵŝƚƉƉůŝĐĂƚŝŽŶ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ
ϮϬ DŝŶŽƌ^ƉĞĐŝĂů
ǀĞŶƚͬdĞŵƉŽƌĂƌLJhƐĞƐͲŝŶƐƉĞĐƚŝŽŶ Ϯ
DŝƐĐĞůůĂŶĞŽƵƐDŝŶŽƌ
ǀĞŶƚ;ƵƉƚŽϱϬϬĂƚƚĞŶĚĞĞƐͿ ĨůĂƚ Ψϯϯϴ ϯϰϳΨ ^ĞĂƐŽŶĂů^ĂůĞƐ>Žƚ ĨůĂƚ ΨϮϮϱ ϮϯϭΨ ZŽĐŬĞƚ>ĂƵŶĐŚŝŶŐ;ŚŝŐŚƉŽǁĞƌĞĚŽƌĞdžƉĞƌŝŵĞŶƚĂůͿ ĨůĂƚ Ψϱϲϯ ϱϳϴΨ ,ĂƵŶƚĞĚ,ŽƵƐĞͬ&ƵŶ,ŽƵƐĞͬDĂnjĞ ĨůĂƚ Ψϰϭϯ ϰϮϰΨ ŽŶĨŝƌĞ ĨůĂƚ Ψϰϴϴ ϱϬϭΨ dĞŶƚƐ͕ĐĂŶŽƉŝĞƐĂŶĚƚĞŵƉŽƌĂƌLJŵĞŵďƌĂŶĞƐƚƌƵĐƚƵƌĞ ĨůĂƚ Ψϯϯϴ ϯϰϳΨ
ĂĐŚĂĚĚΖůƐƚƌƵĐƚƵƌĞ ĨůĂƚ Ψϳϱ ϳϳΨ
Ϯϭ DĂũŽƌ^ƉĞĐŝĂů
ǀĞŶƚͬdĞŵƉŽƌĂƌLJhƐĞƐͲ/ŶƐƉĞĐƚŝŽŶ Ϯ
DŝƐĐĞůůĂŶĞŽƵƐDĂũŽƌ
ǀĞŶƚ;ϱϬϭнĂƚƚĞŶĚĞĞƐͿ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ &ŝůŵ^ŚŽŽƚǁŝƚŚ,ĂnjĂƌĚƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϮϮ &ŝƌĞǁŽƌŬƐWƵďůŝĐŝƐƉůĂLJ Ϯ
&ŝƌƐƚdǁŽ,ŽƵƌƐ ĨŝƌƐƚϮŚŽƵƌƐ Ψϲϳϲ ϲϵϰΨ
ĂĐŚĂĚĚŝƚŝŽŶĂůŚŽƵƌĂĨƚĞƌƚǁŽŚŽƵƌƐ ŚŽƵƌůLJ ΨϯϬϬ ϯϬϵΨ
Ϯϯ /ŶƐƉĞĐƚŝŽŶͲĞĂĐŚĂĚĚΖůŚŽƵƌ ƉĞƌŚŽƵƌ ΨϯϬϬ ϯϬϵΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ &ŝƌĞWƌĞǀ͕WĂŐĞϯϬŽĨϲϮ &ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
Ϯϰ ŽƐƚZĞĐŽǀĞƌLJƵƌŝŶŐ
ǀĞŶƚ ĐƚƵĂůŽƐƚ Ϯ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
Ϯϱ ^ƉĞĐŝĂů
ǀĞŶƚ^ƚĂŶĚďLJ&ĞĞƐ
WĞƌƐŽŶŶĞů
EŽƚĞͲdŚĞƐƉĞĐŝĂůĞǀĞŶƚƐƚĂŶĚďLJĐŚĂƌŐĞƐĨŽƌƐƵƉƉƌĞƐƐŝŽŶĂŶĚŶŽŶͲƐƵƉƉƌĞƐƐŝŽŶ ƉĞƌƐŽŶŶĞůĂƌĞďŝůůĞĚĂƚƚŚĞƐĂŵĞĂŵŽƵŶƚĂƐƚŚĞĞŵƉůŽLJĞĞĐůĂƐƐŝĨŝĐĂƚŝŽŶŚŽƵƌůLJ ƌĂƚĞƐ͘
ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ƋƵŝƉŵĞŶƚ
ƉĞƌĐĂůK
^ƐĐŚĞĚƵůĞ ϰ ^ĞĞĂůK
^&ĞĞ
^ĐŚĞĚƵůĞ
^ĞĞĂůK
^
&ĞĞ^ĐŚĞĚƵůĞ
/s DĂŶĚĂƚĞĚŽƌZĞƋƵŝƌĞĚKĐĐƵƉĂŶĐLJ/ŶƐƉĞĐƚŝŽŶƐ
Ϯϲ ^ƚĂƚĞ&ŝƌĞDĂƌƐŚĂůZĞŐƵůĂƚĞĚKĐĐƵƉĂŶĐŝĞƐ ϭ
ĂLJĂƌĞ&ĂĐŝůŝƚLJͲ'ƌŽƵƉ
KĐĐƵƉĂŶĐLJͲϳŽƌŵŽƌĞĐůŝĞŶƚƐ;ŶŽƚƌĞƋƵŝƌĞĚĂƐƐŝƐƚĂŶĐĞͿ /ŶŝƚŝĂůŝŶƐƉĞĐƚŝŽŶƵƉƚŽϮŚƌƐ ĨůĂƚ ΨϮϮϱ ϮϯϭΨ WƵďůŝĐĂŶĚWƌŝǀĂƚĞ^ĐŚŽŽůƐͲ'ƌŽƵƉ
KĐĐƵƉĂŶĐLJ ĨůĂƚ Ψϯϳϲ ϯϴϲΨ ,ĞĂůƚŚĂƌĞ&ĂĐŝůŝƚŝĞƐͬEƵƌƐŝŶŐŚŽŵĞƐͬĞƚŽdžĞŶƚĞƌƐͲ'ƌŽƵƉ/ͲϮKĐĐƵƉĂŶĐLJͲ/ŶŝƚŝĂů ŝŶƐƉĞĐƚŝŽŶƵƉƚŽϮŚƌƐ ĨůĂƚ ΨϯϬϬ ϯϬϵΨ ĞƚĞŶƚŝŽŶĨĂĐŝůŝƚLJͲ'ƌŽƵƉ/ͲϮKĐĐƵƉĂŶĐLJͲ/ŶŝƚŝĂůŝŶƐƉĞĐƚŝŽŶƵƉƚŽϮŚƌƐ ĨůĂƚ ΨϭϱϬ ϭϱϰΨ ĂLJĂƌĞĨĂĐŝůŝƚLJͲ;ϳнƉĞƌƐŽŶƐͿƌĞƋƵŝƌŝŶŐĂƐƐŝƐƚĂŶĐĞϬ'ƌŽƵƉ/ͲϰͲ/ŶŝƚŝĂůŝŶƐƉĞĐƚŝŽŶƵƉ ƚŽϮŚƌƐ ĨůĂƚ ΨϭϱϬ ϭϱϰΨ DƵůƚŝͲ&ĂŵŝůLJŚŽƵƐŝŶŐͲ;,ŽƚĞůͬDŽƚĞůͬƉĂƌƚŵĞŶƚƐͿ'ƌŽƵƉZͲϭͬZͲϮ ϯĚǁĞůůŝŶŐƵŶŝƚƐ ĨůĂƚ ϭ ΨϯϬϬ ϯϬϵΨ ϰͲϭϱĚǁĞůůŝŶŐƵŶŝƚƐ ĨůĂƚ ϭ Ψϯϳϲ ϯϴϲΨ ϭϲͲϰϵĚǁĞůůŝŶŐƵŶŝƚƐ ĨůĂƚ ϭ Ψϰϱϭ ϰϲϯΨ ϱϬͲϵϵĚǁĞůůŝŶŐƵŶŝƚƐ ĨůĂƚ ϭ ΨϱϮϲ ϱϰϬΨ ϭϬϬͲϭϵϵĚǁĞůůŝŶŐƵŶŝƚƐ ĨůĂƚ ϭ Ψϲϳϲ ϲϵϰΨ ϮϬϬнĚǁĞůůŝŶŐƵŶŝƚƐ ĨůĂƚ ϭ ΨϲϬϭ ϲϭϳΨ ZĞƐŝĚĞŶƚŝĂůĂƌĞ&ĂĐŝůŝƚLJͲ'ƌŽƵƉZͲϮ͘ϭKĐĐƵƉĂŶĐLJ ĨůĂƚ Ψϰϱϭ ϰϲϯΨ ZĞƐŝĚĞŶƚŝĂůĂƌĞ&ĂĐŝůŝƚLJͲZͲϯ͘ϭKĐĐƵƉĂŶĐLJ ĨůĂƚ Ψϰϱϭ ϰϲϯΨ ZĞƐŝĚĞŶƚŝĂůĂƌĞ&ĂĐŝůŝƚLJͲZͲϰKĐĐƵƉĂŶĐLJ ĨůĂƚ Ψϰϱϭ ϰϲϯΨ ,ŝŐŚZŝƐĞ͕/ŶŝƚŝĂůŝŶƐƉĞĐƚŝŽŶƵƉƚŽϮŚƌƐ ƵƉƚŽϮŚƌƐ ΨϲϬϭ ϲϭϳΨ ^ƚĂƚĞ&ŝƌĞDĂƌƐŚĂůZĞŐƵůĂƚĞĚKĐĐƵƉĂŶĐLJͲ,ĞĂůƚŚĂƌĞ͕ĞƚĞŶƚŝŽŶ&ĂĐŝůŝƚŝĞƐ͕ĂŶĚ ,ŝŐŚZŝƐĞƐ͕ƉĞƌĂĚĚΖůŚŽƵƌĂĨƚĞƌϮŚƌƐ
ƉĞƌĂĚĚΖůŚƌ
ĂĨƚĞƌϮŚƌƐ ΨϯϬϬ ϯϬϵΨ
Ϯϳ KƚŚĞƌZĞƋƵŝƌĞĚŽƌDĂŶĚĂƚĞĚ/ŶƐƉĞĐƚŝŽŶƐ
'ĞŶĞƌĂů&ŝĞůĚ/ŶƐƉĞĐƚŝŽŶͬKĐĐƵƉĂŶĐLJ/ŶƐƉĞĐƚŝŽŶ;ƉĞƌŚŽƵƌͿ ŚŽƵƌůLJ ΨϯϬϬ ϯϬϵΨ
s DŝƐĐĞůůĂŶĞŽƵƐ&ĞĞƐ
Ϯϴ ĚŵŝŶŝƐƚƌĂƚŝǀĞŚĂŶŐĞƐ
:ƵǀĞŶŝůĞ&ŝƌĞƐĞƚƚĞƌƐ/ŶƚĞƌǀĞŶƚŝŽŶͲWƌŽŐƌĂŵ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
Ϯϵ ƵƉůŝĐĂƚŝŽŶĨĞĞǁŝƚŚĐĞƌƚŝĨŝĐĂƚŝŽŶƐƚĂŵƉ ƉĞƌƉĂŐĞ ŝƚLJůĞƌŬ&ĞĞ ^ĐŚĞĚƵůĞ
ŝƚLJůĞƌŬ&ĞĞ
^ĐŚĞĚƵůĞ
ϯϬ ƵƉůŝĐĂƚŝŽŶĨĞĞ ƉĞƌƉĂŐĞ ŝƚLJůĞƌŬ&ĞĞ
^ĐŚĞĚƵůĞ
ŝƚLJůĞƌŬ&ĞĞ
^ĐŚĞĚƵůĞ
ϯϭ WĂLJŵĞŶƚWůĂŶ ĨůĂƚ ΨϯϬϬ ϯϬϵΨ
ϯϮ &ŝƐĐĂůĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞ ĞĂĐŚ ĐƚƵĂůĐŽƐƚ ĐƚƵĂůĐŽƐƚ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ &ŝƌĞWƌĞǀ͕WĂŐĞϯϭŽĨϲϮ &ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϯϯ ZĞƚƵƌŶĞĚŚĞĐŬ&ĞĞ
&ŝƌƐƚZĞƚƵƌŶĞĚŚĞĐŬ&ĞĞ ĨŝƌƐƚ ΨϮϱ ΨϮϱ ^ƵďƐĞƋƵĞŶƚZĞƚƵƌŶĞĚŚĞĐŬ&ĞĞ ĞĂĐŚ Ψϯϱ Ψϯϱ
ϯϰ ŝǀŝů^ƵďƉŽĞŶĂ&ĞĞƐ
ZĞĐŽƌĚƐƵďƉŽĞŶĂĨĞĞͲƌĞƐĞĂƌĐŚͬƉƌĞƉĂƌĂƚŝŽŶ ŚŽƵƌůLJ ΨϯϬϬ ϯϬϵΨ ŝǀŝůƐƵďƉŽĞŶĂǁŝƚŶĞƐƐĨĞĞ ĚĂŝůLJ ϯ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ
s/ ŽƐƚZĞĐŽǀĞƌLJ
ϯϱ ,ŽƵƌůLJZĂƚĞƐ
WƌĞǀĞŶƚŝŽŶ ŚŽƵƌůLJ ΨϯϬϬ ϯϬϵΨ ^ƵƉƉƌĞƐƐŝŽŶͬKƉĞƌĂƚŝŽŶƐ ŚŽƵƌůLJ ϰ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϯϲ
ƋƵŝƉŵĞŶƚZĂƚĞƐ
ƉĞƌĐĂůK
^ƐĐŚĞĚƵůĞ ϰ ^ĞĞĂůK
^&ĞĞ
^ĐŚĞĚƵůĞ
^ĞĞĂůK
^
&ĞĞ^ĐŚĞĚƵůĞ
ϯϳ ĚŵŝŶŝƐƚƌĂƚŝǀĞWĞŶĂůƚŝĞƐĨŽƌ&ĂůƐĞŽƌEƵŝƐĂŶĐĞ&ŝƌĞůĂƌŵƐ ϱ &ŝƌƐƚΘ^ĞĐŽŶĚZĞƐƉŽŶƐĞ ƉĞƌƌĞƐƉŽŶƐĞ EŽŚĂƌŐĞ EŽŚĂƌŐĞ dŚŝƌĚĂŶĚƐƵďƐĞƋƵĞŶƚƌĞƐƉŽŶƐĞƐ ƉĞƌƌĞƐƉŽŶƐĞ ϰϱϭΨ ϰϲϯΨ ϯϴ KƚŚĞƌ/ŶĐŝĚĞŶƚZĞůĂƚĞĚ&ĞĞƐ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϯϵ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϯϬϬ ϯϬϵΨ EŽƚĞƐ
ϭ dŽƚĂůĨĞĞĐŚĂƌŐĞĚǁŝůůďĞĂƐĞ&ĞĞнĂŶLJĂƉƉůŝĐĂďůĞŶŶƵĂůKƉĞƌĂƚŝŶŐWĞƌŵŝƚĨĞĞ;ƐͿ Ϯ ŽƐƚƐͬĨĞĞƐĨŽƌŽƚŚĞƌĚĞƉĂƌƚŵĞŶƚƌĞǀŝĞǁŵĂLJĂƉƉůLJƐĞƉĂƌĂƚĞůLJ ϯ ZĞŐƵůĂƚĞĚďLJĂůŝĨŽƌŶŝĂŽĚĞŽĨZĞŐƵůĂƚŝŽŶƐ͕dŝƚůĞϴ͕ϯϴϮ͘tŝƚŶĞƐƐ&ĞĞƐ͘ ϰ ,ŽƵƌůLJZĂƚĞƐƉĞƌ>K
^^ĐŚĞĚƵůĞ͘^ĞĞ
džŚŝďŝƚ͘
ϱ WĞƌƐĞĐƚŝŽŶϯ͘ϱŽĨKƌĚŝŶĂŶĐĞϮϮϲϲ͕ϭͲϭϴͲϮϬϭϭ͕ƚŚĞƐĞĂƌĞĨĞĞƐ͕ŶŽƚĨŝŶĞƐ͘ ϲ WůĂŶƌĞǀŝĞǁŵĂLJďĞǁĂŝǀĞĚŝŶƚŚĞĐĂƐĞŽĨŵŝŶŽƌŵŽĚŝĨŝĐĂƚŝŽŶƐ ĂƐĚĞƚĞƌŵŝŶĞĚďLJƚŚĞĚĞƉĂƌƚŵĞŶƚ͘ ϳ tŚĞƌĞƚŚĞŽƌŝŐŝŶĂůƉůĂŶƌĞǀŝĞǁĨĞĞŝƐůĞƐƐƚŚĂŶƚŚĞƌĞǀŝƐŝŽŶĨĞĞ͕ƚŚĞŽƌŝŐŝŶĂůƉůĂŶƌĞǀŝĞǁ ĨĞĞƐŚĂůůďĞĂƉƉůŝĞĚĂƐƚŚĞƌĞǀŝƐŝŽŶĨĞĞ͘
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ &ŝƌĞWƌĞǀ͕WĂŐĞϯϮŽĨϲϮ WŽůŝĐĞ
ϭ ĚŵŝŶŝƐƚƌĂƚŝǀĞdŽǁ ϯ
ƌŝǀĞƌEŽƚƌƌĞƐƚĞĚ ƉĞƌĚƌŝǀĞƌ ΨϮϬϲ ΨϮϭϭ ƌŝǀĞƌƌƌĞƐƚĞĚ ƉĞƌĚƌŝǀĞƌ ΨϮϬϲ ΨϮϭϭ
Ϯ ůĞĂƌĂŶĐĞ>ĞƚƚĞƌ;ƉĞƌϱŬŝŶŐƌĞƋƵĞƐƚƐͿ ƉĞƌϱŬŝŶŐ ƌĞƋƵĞƐƚƐ ΨϮϲ ΨϮϳ
ϯ &ŝŶŐĞƌƉƌŝŶƚ/ŶŬĂƌĚ ƉĞƌĐĂƌĚ ϭ ΨϮϬ ΨϮϬ
ϰ >ŝǀĞ^ĐĂŶZŽůůŝŶŐ ƉĞƌƉĞƌƐŽŶ ϭ ΨϮϬ ΨϮϬ
ϱ sĞŚŝĐůĞZĞƉŽƐƐĞƐƐŝŽŶ;ƐƚĂƚĞŵĂŶĚĂƚĞĚͿ Ϯ Ψϭϱ Ψϭϱ
ϲ h/ŽƐƚZĞĐŽǀĞƌLJŝůůŝŶŐ ϰ ĐƚƵĂůŽƐƚͲ
DĂdžΨϭϮ͕ϬϬϬ
ĐƚƵĂůŽƐƚͲ
DĂdžΨϭϮ͕ϬϬϬ
ϳ ĚŵŝŶŝƐƚƌĂƚŝǀĞWĞŶĂůƚŝĞƐĨŽƌ&ĂůƐĞŽƌEƵŝƐĂŶĐĞůĂƌŵƐ ϲ &ŝƌƐƚΘ^ĞĐŽŶĚZĞƐƉŽŶƐĞ ƉĞƌƌĞƐƉŽŶƐĞ E
t EŽŚĂƌŐĞ
dŚŝƌĚĂŶĚƐƵďƐĞƋƵĞŶƚƌĞƐƉŽŶƐĞƐ ƉĞƌƌĞƐƉŽŶƐĞ E
t ϭϵϱΨ
ϴ ,ŽƵƌůLJZĂƚĞͲ^ǁŽƌŶ ϯ ΨϭϵϬ Ψϭϵϱ
ϵ ,ŽƵƌůLJZĂƚĞͲEŽŶ^ǁŽƌŶ ϯ Ψϳϵ Ψϴϭ
ϭϬ KǀĞƌƚŝŵĞZĂƚĞƐ ϱ
ĞƉƵƚLJ ƉĞƌŚŽƵƌ ΨϮϰϲ ΨϮϱϯ ĞƚĞĐƚŝǀĞ ƉĞƌŚŽƵƌ ΨϮϰϲ ΨϮϱϯ ^ĞƌŐĞĂŶƚ ƉĞƌŚŽƵƌ ΨϮϰϲ ΨϮϱϯ EŽƚĞƐ
ϭ ĞƉĂƌƚŵĞŶƚŽĨ:ƵƐƚŝĐĞĨĞĞĂƉƉůŝĞƐƐĞƉĂƌĂƚĞůLJ͘
Ϯ &ĞĞŵĂŶĚĂƚĞĚďLJ^ƚĂƚĞ'ŽǀĞƌŶŵĞŶƚĐŽĚĞϰϭϲϭϮ͘
ϯ ŽƐƚŽĨdŽǁĂƉƉůŝĞĚƐĞƉĂƌĂƚĞůLJ
ϰ
ϱ &ŽƌƵƐĞŽŶƐƉĞĐŝĂůĞǀĞŶƚƐŽƌŽƚŚĞƌŝŶƐƚĂŶĐĞƐǁŚĞƌĞĂŶKdƌĂƚ ĞŝƐƌĞƋƵŝƌĞĚ͘ ϲ WĞƌsDϯ͘ϱϬ͘ϬϯϬΘKƌĚ͘EŽ͘ϮϮϲϲ͕ϭͲϭϴͲϮϬϭϭ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ŐŽǀĞƌŶŵĞŶƚĐŽĚĞƐĞĐƚŝŽŶƐϱϯϭϱϬƚŚƌŽƵŐŚϱϯϭϱϴ͗ĐƚƵĂůĐŽƐƚŽĨƉĞƌƐŽŶŶĞů͕ƵƉƚŽŵĂdžŝŵƵŵŽĨΨϭϮ͕ϬϬϬĨŽƌĐĐŝĚĞŶƚZĞƐƉŽŶƐĞ ĂŶĚ/ŶǀĞƐƚŝŐĂƚŝŽŶ͘
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ WŽůŝĐĞ͕WĂŐĞϯϯŽĨϲϮ
ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ
ϭ ƵƐŝŶĞƐƐdLJƉĞ
/ŶͲŝƚLJEĞǁƉƉůŝĐĂƚŝŽŶ&ĞĞƐ
sDϬϮϬZĞƚĂŝůͬDŝƐĐ ƉĞƌůŝĐĞŶƐĞ ϯϳϵΨ ϯϵϬΨ sDϬϯϬ^ĞƌǀŝĐĞͬĞůŝǀĞƌLJ ƉĞƌůŝĐĞŶƐĞ ϯϳϵΨ ϯϵϬΨ sDϬϰϬĚŵŝŶŝƐƚƌĂƚŝǀĞ ƉĞƌůŝĐĞŶƐĞ ϯϳϵΨ ϯϵϬΨ sDϬϱϬDĂŶƵĨĂĐƚƵƌŝŶŐ ƉĞƌůŝĐĞŶƐĞ ϯϳϵΨ ϯϵϬΨ sDϬϲϬWƌŽĨĞƐƐŝŽŶĂů ƉĞƌůŝĐĞŶƐĞ ϯϳϵΨ ϯϵϬΨ sDϬϳϬŽŶƚƌĂĐƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϯϳϵΨ ϯϵϬΨ sDϬϴϬ^&ZZĞŶƚĂůƐ ƉĞƌůŝĐĞŶƐĞ ϯϰϳΨ ϯϱϲΨ sDϬϴϬD&ZZĞŶƚĂůƐ ƉĞƌůŝĐĞŶƐĞ ϯϲϯΨ ϯϳϯΨ sDϬϴϬDŽƚĞůƐͬ,ŽƚĞůƐ ƉĞƌůŝĐĞŶƐĞ ϯϲϯΨ ϯϳϯΨ sDϬϵϬ
ŶƚĞƌƚĂŝŶŵĞŶƚͬŵƵƐĞŵĞŶƚ ƉĞƌůŝĐĞŶƐĞ ϯϳϵΨ ϯϵϬΨ sDϭϬϬ&ŝůŵͬWŚŽƚŽŐƌĂƉŚLJ ƉĞƌůŝĐĞŶƐĞ ϴϯϴΨ ϴϲϭΨ sDϭϭϬsĞŚŝĐůĞƐĨŽƌ,ŝƌĞ ƉĞƌůŝĐĞŶƐĞ ϵϵϵΨ ϭ͕ϬϮϲΨ sDϭϭϱ^ŝĚĞǁĂůŬĂŶĚDŽďŝůĞsĞŶĚŽƌƐ
DŽďŝůĞͬ^ŝŶŐůĞ>ŽĐĂƚŝŽŶsĞŶĚŽƌ
;ŽƉĞƌĂƚŝŶŐĂƚƉƌĞͲĂƉƉƌŽǀĞĚůŽĐĂƚŝŽŶͿ ƉĞƌůŝĐĞŶƐĞ ϰϯϵΨ ϰϱϭΨ DŽďŝůĞͬ^ŝŶŐůĞ>ŽĐĂƚŝŽŶsĞŶĚŽƌ
;ƐĞĞŬŝŶŐĂƉƉƌŽǀĂůŽĨŶĞǁůŽĐĂƚŝŽŶͿ ƉĞƌůŝĐĞŶƐĞ ϰϵϵΨ ϱϭϮΨ
ǀĞŶƚKŶůLJ ƉĞƌůŝĐĞŶƐĞ ϯ E
t ϭϬϭΨ
sDϭϮϬ^ŽůŝĐŝƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϳϯϲΨ ϳϱϲΨ sDϭϯϬ&ŝƌĞĂƌŵƐͬWĂǁŶƐŚŽƉƐ ƉĞƌůŝĐĞŶƐĞ ϰϳϯΨ ϰϴϱΨ sDϭϰϬDĂƐƐĂŐĞ ƉĞƌůŝĐĞŶƐĞ ϰϭϮΨ ϰϮϯΨ sDϭϱϬ
džĞŵƉƚ ƉĞƌůŝĐĞŶƐĞ ͲΨ ͲΨ Ϯ KƵƚͲŽĨͲŝƚLJEĞǁƉƉůŝĐĂƚŝŽŶ&ĞĞƐ
sDϬϮϬZĞƚĂŝůͬDŝƐĐ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϯϬ^ĞƌǀŝĐĞͬĞůŝǀĞƌLJ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϰϬĚŵŝŶŝƐƚƌĂƚŝǀĞ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϱϬDĂŶƵĨĂĐƚƵƌŝŶŐ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϲϬWƌŽĨĞƐƐŝŽŶĂů ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϳϬŽŶƚƌĂĐƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϵϬ
ŶƚĞƌƚĂŝŶŵĞŶƚͬŵƵƐĞŵĞŶƚ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϭϭϬsĞŚŝĐůĞƐĨŽƌ,ŝƌĞ ƉĞƌůŝĐĞŶƐĞ ϰϳϭΨ ϰϴϰΨ sDϭϮϬ^ŽůŝĐŝƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϰϯϵΨ ϰϱϬΨ sDϭϯϬ&ŝƌĞĂƌŵƐͬWĂǁŶƐŚŽƉƐ ƉĞƌůŝĐĞŶƐĞ ϮϱϴΨ ϮϲϱΨ sDϭϰϬDĂƐƐĂŐĞ ƉĞƌůŝĐĞŶƐĞ ϭϴϭΨ ϭϴϲΨ sDϭϱϬ
džĞŵƉƚ ƉĞƌůŝĐĞŶƐĞ ͲΨ ͲΨ ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ͕WĂŐĞϯϰŽĨϲϮ ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϯ ZĞŶĞǁĂů&ĞĞƐ
sDϬϮϬZĞƚĂŝůͬDŝƐĐ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϯϬ^ĞƌǀŝĐĞͬĞůŝǀĞƌLJ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϰϬĚŵŝŶŝƐƚƌĂƚŝǀĞ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϱϬDĂŶƵĨĂĐƚƵƌŝŶŐ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϲϬWƌŽĨĞƐƐŝŽŶĂů ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϳϬŽŶƚƌĂĐƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϴϬ^&ZZĞŶƚĂůƐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϴϬ^&ZZĞŶƚĂůƐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϴϬD&ZZĞŶƚĂůƐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϴϬD&ZZĞŶƚĂůƐхϯ ƉĞƌƵŶŝƚ ϭϭϱΨ ϭϭϴΨ sDϬϴϬDŽƚĞůƐͬ,ŽƚĞůƐ ƉĞƌůŝĐĞŶƐĞ ϭϭϱΨ ϭϭϴΨ sDϬϴϬD&ZZĞŶƚĂůƐхϯ ƉĞƌƵŶŝƚ ϭϭϱΨ ϭϭϴΨ sDϬϵϬ
ŶƚĞƌƚĂŝŶŵĞŶƚͬŵƵƐĞŵĞŶƚ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϭϭϬsĞŚŝĐůĞƐĨŽƌ,ŝƌĞ ƉĞƌůŝĐĞŶƐĞ ϯϬϳΨ ϯϭϱΨ sDϭϭϱ^ŝĚĞǁĂůŬĂŶĚDŽďŝůĞsĞŶĚŽƌ
DŽďŝůĞͬ^ŝŶŐůĞ>ŽĐĂƚŝŽŶsĞŶĚŽƌ
;ŽƉĞƌĂƚŝŶŐĂƚƉƌĞͲĂƉƉƌŽǀĞĚůŽĐĂƚŝŽŶͿ ƉĞƌůŝĐĞŶƐĞ ϮϱϴΨ ϮϲϱΨ DŽďŝůĞͬ^ŝŶŐůĞ>ŽĐĂƚŝŽŶsĞŶĚŽƌ
;ƐĞĞŬŝŶŐĂƉƉƌŽǀĂůŽĨŶĞǁůŽĐĂƚŝŽŶͿ ƉĞƌůŝĐĞŶƐĞ ϮϱϴΨ ϮϲϱΨ
ǀĞŶƚKŶůLJ ƉĞƌůŝĐĞŶƐĞ ϯ E
t ϭϬϭΨ
sDϭϮϬ^ŽůŝĐŝƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϮϳϰΨ ϮϴϭΨ sDϭϯϬ&ŝƌĞĂƌŵƐͬWĂǁŶƐŚŽƉƐ ƉĞƌůŝĐĞŶƐĞ ϭϳϱΨ ϭϴϬΨ sDϭϰϬDĂƐƐĂŐĞ ƉĞƌůŝĐĞŶƐĞ ϭϯϮΨ ϭϯϱΨ sDϭϱϬ
džĞŵƉƚ ƉĞƌůŝĐĞŶƐĞ ͲΨ ͲΨ ϰ /ŶͲŝƚLJDŽĚŝĨŝĐĂƚŝŽŶ&ĞĞƐ
sDϬϮϬZĞƚĂŝůͬDŝƐĐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϯϬ^ĞƌǀŝĐĞͬĞůŝǀĞƌLJ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϰϬĚŵŝŶŝƐƚƌĂƚŝǀĞ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϱϬDĂŶƵĨĂĐƚƵƌŝŶŐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϲϬWƌŽĨĞƐƐŝŽŶĂů ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϳϬŽŶƚƌĂĐƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϴϬ^&ZZĞŶƚĂůƐ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϴϬD&ZZĞŶƚĂůƐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϴϬDŽƚĞůƐͬ,ŽƚĞůƐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϵϬ
ŶƚĞƌƚĂŝŶŵĞŶƚͬŵƵƐĞŵĞŶƚ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϭϭϬsĞŚŝĐůĞƐĨŽƌ,ŝƌĞ ƉĞƌůŝĐĞŶƐĞ ϮϵϲΨ ϯϬϰΨ sDϭϮϬ^ŽůŝĐŝƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϮϲϯΨ ϮϳϬΨ sDϭϯϬ&ŝƌĞĂƌŵƐͬWĂǁŶƐŚŽƉƐ ƉĞƌůŝĐĞŶƐĞ ϭϰϴΨ ϭϱϮΨ sDϭϰϬDĂƐƐĂŐĞ ƉĞƌůŝĐĞŶƐĞ ϭϯϮΨ ϭϯϱΨ sDϭϱϬ
džĞŵƉƚ ƉĞƌůŝĐĞŶƐĞ ͲΨ ͲΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ͕WĂŐĞϯϱŽĨϲϮ ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϱ KƵƚͲŽĨͲŝƚLJDŽĚŝĨŝĐĂƚŝŽŶ&ĞĞƐ
sDϬϮϬZĞƚĂŝůͬDŝƐĐ ƉĞƌůŝĐĞŶƐĞ ϰϵΨ ϱϭΨ sDϬϯϬ^ĞƌǀŝĐĞͬĞůŝǀĞƌLJ ƉĞƌůŝĐĞŶƐĞ ϰϵΨ ϱϭΨ sDϬϰϬĚŵŝŶŝƐƚƌĂƚŝǀĞ ƉĞƌůŝĐĞŶƐĞ ϰϵΨ ϱϭΨ sDϬϱϬDĂŶƵĨĂĐƚƵƌŝŶŐ ƉĞƌůŝĐĞŶƐĞ ϰϵΨ ϱϭΨ sDϬϲϬWƌŽĨĞƐƐŝŽŶĂů ƉĞƌůŝĐĞŶƐĞ ϰϵΨ ϱϭΨ sDϬϳϬŽŶƚƌĂĐƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϰϵΨ ϱϭΨ sDϬϵϬ
ŶƚĞƌƚĂŝŶŵĞŶƚͬŵƵƐĞŵĞŶƚ ƉĞƌůŝĐĞŶƐĞ ϰϵΨ ϱϭΨ sDϭϭϬsĞŚŝĐůĞƐĨŽƌ,ŝƌĞ ƉĞƌůŝĐĞŶƐĞ ϮϰϳΨ ϮϱϯΨ sDϭϮϬ^ŽůŝĐŝƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϮϭϰΨ ϮϭϵΨ sDϭϯϬ&ŝƌĞĂƌŵƐͬWĂǁŶƐŚŽƉƐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϭϰϬDĂƐƐĂŐĞ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϭϱϬ
džĞŵƉƚ ƉĞƌůŝĐĞŶƐĞ ͲΨ ͲΨ ϲ &ŝŶŐĞƌƉƌŝŶƚŝŶŐͬ>ŝǀĞ^ĐĂŶ^ĞƌǀŝĐĞ Ϯ
ZŽůůŝŶŐ&ĞĞ
^ƚĂŶĚĂƌĚZŽůůŝŶŐ&ĞĞ ĞĂĐŚ E
t ϭϬϭΨ
&ŽƌŝƚLJƵƐŝŶĞƐƐ ĞĂĐŚ ϭ E
t ϮϬΨ
'ŽǀĞƌŶŵĞŶƚWƌŽĐĞƐƐŝŶŐ&ĞĞ ĐƚƵĂůŽƐƚ E
t ĐƚƵĂůŽƐƚ
ϳ ƵƉůŝĐĂƚĞ>ŝĐĞŶƐĞͬZĞŶĞǁĂůEŽƚŝĐĞ&ĞĞ ƉĞƌůŝĐĞŶƐĞ ϮϬΨ ϮϬΨ ϴ hƉĚĂƚĞ>ŝĐĞŶƐĞ&ĞĞ ƉĞƌůŝĐĞŶƐĞ ϰϵΨ ϱϭΨ ϵ ZĞƚƵƌŶDĂŝů&ĞĞ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ ϭϬ
džƉĞĚŝƚĞĚWƌŽĐĞƐƐŝŶŐ&ĞĞ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ ϭϭ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ Ψϭϵϳ ϮϬϯΨ EŽƚĞƐ͗
ϭ dŚĞƌŽůůŝŶŐĨĞĞŝƐŽĨĨĞƌĞĚĂƚĂƌĞĚƵĐĞĚƌĂƚĞĨŽƌŝŶĚŝǀŝĚƵĂůƐƌĞƋƵŝƌŝŶŐ>ŝǀĞƐĐĂŶƐĞƌǀŝĐĞƐĨŽƌ ŝƚLJďƵƐŝŶĞƐƐƉƵƌƉŽƐĞƐƐƵĐŚĂƐƵƐŝŶĞƐƐ>ŝĐĞŶƐŝŶŐ͘&ŽƌĂůůŽƚŚĞƌďƵƐŝŶĞƐƐŽƌƉĞƌƐŽŶĂů ŶĞĞĚƐ͕ ƚŚĞ ƌŽůůŝŶŐ ĨĞĞ ǁŝůů ďĞ ĐŚĂƌŐĞĚ Ăƚ ƚŚĞ ƐƚĂŶĚĂƌĚ ƌĂƚĞ͘ Ϯ ZŽůůŝŶŐ&ĞĞĂŶĚ'ŽǀĞƌŶŵĞŶƚWƌŽĐĞƐƐŝŶŐ&ĞĞƐǁŝůůďĞǁĂŝǀĞĚĨŽƌǀŽůƵŶƚĞĞƌƐŝŶŝƚLJ WƌŽŐƌĂŵƐĂŶĚĨŽƌŝƚLJ,ƵŵĂŶZĞƐŽƵƌĐĞƐƉƵƌƉŽƐĞƐ͘
ϯ KŶůLJĨŽƌŝƚLJĞǀĞŶƚƐŽƌƉƌŝǀĂƚĞĞǀĞŶƚƐƉĞƌŵŝƚƚĞĚǁŝƚŚĂdhW͕ŽƌĂŶLJŽƚŚĞƌĞǀĞŶƚƚŚĂƚ ĚŽĞƐŶ͛ƚĨĂůůƵŶĚĞƌƚŚĞ^ŝĚĞǁĂůŬĂŶĚDŽďŝůĞsĞŶĚŽƌĐĂƚĞŐŽƌLJ͘ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ͕WĂŐĞϯϲŽĨϲϮ ŽĚĞ
ŶĨŽƌĐĞŵĞŶƚ
ϭ ďĂƚĞŵĞŶƚŽĂƌĚhƉ
džƉĞŶƐĞ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
Ϯ ŝƚĂƚŝŽŶ&ĞĞ ĞĂĐŚ WĞƌŝƚĂƚŝŽŶ
^ĐŚĞĚƵůĞ
WĞƌŝƚĂƚŝŽŶ
^ĐŚĞĚƵůĞ
ϯ ŝƚĞŝƐŵŝƐƐĂů&ĞĞ ĞĂĐŚ
WƌŽĐĞƐƐŝŶŐ&ĞĞ ĞĂĐŚ ͲΨ ͲΨ dŚŝƌĚWĂƌƚLJŚĂƌŐĞ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϰ ďĂƚĞŵĞŶƚůĞĂŶhƉ
džƉĞŶƐĞ&ĞĞ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϱ tĞĞĚďĂƚĞŵĞŶƚ
džƉĞŶƐĞ&ĞĞ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϲ /ŶƐƉĞĐƚŽƌDĂƌŝũƵĂŶĂ'ƌŽǁ/ŶƐƉĞĐƚŝŽŶ&ĞĞ ĞĂĐŚ ϲϭϴΨ ϲϯϰΨ ϳ ŽĚĞKĨĨŝĐĞƌDĂƌŝũƵĂŶĂ/ŶƐƉĞĐƚŝŽŶ&ĞĞ ĞĂĐŚ ϲ͕ϲϭϴΨ ϲ͕ϳϵϳΨ ϴ ŽŵŵŝƚŵĞŶƚ>ĞƚƚĞƌĐƚŝǀŝƚLJ ĞĂĐŚ ϮϵϲΨ ϯϬϰΨ ϵ ŽŵƉůŝĂŶĐĞ/ŶƐƉĞĐƚŽŶ ĞĂĐŚ ϵϵΨ ϭϬϭΨ ϭϬ ĞŵĂŶĚĐƚŝǀŝƚLJ ĞĂĐŚ ϮϰϳΨ ϮϱϯΨ ϭϭ /ŶǀŽŝĐĞĐƚŝǀŝƚLJ ĞĂĐŚ ϭϵϳΨ ϮϬϯΨ ϭϮ DŝƐĐĞůůĂŶĞŽƵƐŽĚĞ
ŶĨŽƌĐĞŵĞŶƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϭϯ EKW&ŝůĞĚĐƚŝǀŝƚLJ ĞĂĐŚ ϮϵϲΨ ϯϬϰΨ ϭϰ ŝƚLJWŽŽůWƵŵƉ ĞĂĐŚ ϲϵϬΨ ϳϬϵΨ ϭϱ ĚŵŝŶŝƐƚƌĂƚŝǀĞŝƚĂƚŝŽŶ^ĐŚĞĚƵůĞ ϯ
sŝŽůĂƚŝŽŶ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϭϬϬΨ ϭϬϬΨ &ŝƌƐƚsŝŽůĂƚŝŽŶǁͬŝŶϭϮŵŽƐ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϮϬϬΨ ϮϬϬΨ ^ĞĐŽŶĚsŝŽůĂƚŝŽŶǁͬŝŶϭϮŵŽƐ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϰϬϬΨ ϰϬϬΨ dŚŝƌĚsŝŽůĂƚŝŽŶǁͬŝŶϭϮŵŽƐ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϭ͕ϬϬϬΨ ϭ͕ϬϬϬΨ &ŽƵƌƚŚsŝŽůĂƚŝŽŶǁͬŝŶϭϮŵŽƐ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϯϳΨ ϯϳΨ ϭϲ WƌŽƉĞƌƚLJŽŵƉůŝĂŶĐĞ/ŶƐƉĞĐƚŝŽŶ ĞĂĐŚ Ϯ ϯϵϱΨ ϰϬϱΨ ϭϳ ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞZĞǀŽĐĂƚŝŽŶĐƚŝŽŶ ĞĂĐŚ ϲϵϬΨ ϳϬϵΨ ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ŽĚĞ
ŶĨŽƌĐĞŵĞŶƚ͕WĂŐĞϯϳŽĨϲϮ
ŽĚĞ
ŶĨŽƌĐĞŵĞŶƚ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϭϴ EŽƚŝĐĞƚŽďĂƚĞ ĞĂĐŚ ϱ E
t ϭ͕ϭϭϰΨ
>ŝƚŝŐĂƚŝŽŶ'ƵĂƌĂŶƚĞĞ ĨůĂƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
&ŝƌĞ,ĂnjĂƌĚͬtĞĞĚďĂƚĞŵĞŶƚWƌŽŐƌĂŵ ϰ
ϭϵ /ŶƐƉĞĐƚŝŽŶ ĞĂĐŚ ϭϵϳΨ ϮϬϯΨ ϮϬ /ŶƐƉĞĐƚŝŽŶͲĐŽŶƚŝŐƵŽƵƐƉĂƌĐĞůƐ ĞĂĐŚ ϯϵϱΨ ϰϬϱΨ Ϯϭ EŽƚŝĨŝĐĂƚŝŽŶ ĞĂĐŚ ϵϵΨ ϭϬϭΨ ϮϮ EŽƚŝĨŝĐĂƚŝŽŶͲĐŽŶƚŝŐƵŽƵƐƉĂƌĐĞůƐ ĞĂĐŚ ϵϵΨ ϭϬϭΨ Ϯϯ ŽŵƉůŝĂŶĐĞŝŶƐƉĞĐƚŝŽŶ ĞĂĐŚ ϭϵϳΨ ϮϬϯΨ Ϯϰ ŽŵƉůŝĂŶĐĞŝŶƐƉĞĐƚŝŽŶͲĐŽŶƚŝŐƵŽƵƐƉĂƌĐĞůƐ ĞĂĐŚ ϯϵϱΨ ϰϬϱΨ Ϯϱ ĂƐĞĐůŽƐƵƌĞŝŶƐƉĞĐƚŝŽŶ ĞĂĐŚ ϵϵΨ ϭϬϭΨ Ϯϲ ĂƐĞĐůŽƐƵƌĞŝŶƐƉĞĐƚŝŽŶͲĐŽŶƚŝŐƵŽƵƐƉĂƌĐĞůƐ ĞĂĐŚ ϵϵΨ ϭϬϭΨ Ϯϳ ŽŵŵŝƚŵĞŶƚůĞƚƚĞƌƉƌŽĐĞƐƐŝŶŐ ĞĂĐŚ ϮϵϲΨ ϯϬϰΨ Ϯϴ WƵďůŝĐƌĞƋƵĞƐƚĨŽƌǀĞŚŝĐůĞĂďĂƚĞŵĞŶƚĂŶĚƌĞŵŽǀĂů ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ Ϯϵ tĂƌƌĂŶƚƉƌŽĐƵƌĞŵĞŶƚĂŶĚƉƌŽĐĞƐƐŝŶŐ ĞĂĐŚ ϲϵϬΨ ϳϬϵΨ ϯϬ
džƉĞĚŝƚĞĚWƌŽĐĞƐƐŝŶŐ&ĞĞ;EKWt^Ϳ ĞĂĐŚ ϮϵϲΨ ϯϬϰΨ &ĂƚƐ͕KŝůƐĂŶĚ'ƌĞĂƐĞ;&K'ͿWƌŽŐƌĂŵ
ϯϭ EĞǁƉƉůŝĐĂƚŝŽŶ
'ƌĞĂƐĞdƌĂƉ ĨůĂƚ ϮϵϲΨ ϯϬϰΨ 'ƌĞĂƐĞ/ŶƚĞƌĐĞƉƚŽƌ ĨůĂƚ ϮϵϲΨ ϯϬϰΨ ϯϮ ZĞŶĞǁĂů
'ƌĞĂƐĞdƌĂƉ ĨůĂƚ ϭϵϳΨ ϮϬϯΨ 'ƌĞĂƐĞ/ŶƚĞƌĐĞƉƚŽƌ ĨůĂƚ ϮϵϲΨ ϯϬϰΨ ϯϯ &K'ŽŵƉůŝĂŶĐĞ/ŶƐƉĞĐƚŝŽŶͲdƌĂƉ ĞĂĐŚ ϭϵϳΨ ϮϬϯΨ ϯϰ &K'ŽŵƉůŝĂŶĐĞ/ŶƐƉĞĐƚŝŽŶͲ/ŶƚĞƌĐĞƉƚŽƌ ĞĂĐŚ ϯϵϱΨ ϰϬϱΨ ϯϱ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ Ψϭϵϳ ϮϬϯΨ EŽƚĞƐ
ϭ KƚŚĞƌĨĞĞƐŵĂLJĂƉƉůLJ͘
Ϯ &ŽƌƌĞĂůĞƐƚĂƚĞƐĂůĞƐ͘
ϯ &ŝŶĞƐͬWĞŶĂůƚŝĞƐ
ϰ ƵƚŚŽƌŝƚLJƚŽĐŚĂƌŐĞ&ŝƌĞ,ĂnjĂƌĚͬtĞĞĚďĂƚĞŵĞŶƚ&ĞĞƐŝƐŝƚLJŽĨsŝĐƚŽƌǀŝůůĞŵƵŶŝĐŝƉĂůĐŽĚĞdŝƚůĞϴ͕ŚĂƉƚĞƌϴ͘ϭϮ͘ ϱ WůƵƐ>ŝƚŝŐĂƚŝŽŶ'ƵĂƌĂŶƚĞĞ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ŽĚĞ
ŶĨŽƌĐĞŵĞŶƚ͕WĂŐĞϯϴŽĨϲϮ
ŶŝŵĂůŽŶƚƌŽů
ϭ ZĞƚƵƌŶĞĚƚŽKǁŶĞƌ&ĞĞƐůƚĞƌĞĚŽŐƐ
/ŵƉŽƵŶĚ&ĞĞͬĚĂLJ ƉĞƌĚĂLJ ϮϮΨ ϮϯΨ ƉƉƌĞŚĞŶƐŝŽŶ
ϭƐƚKĨĨĞŶƐĞ ϭϵϲΨ ϮϬϮΨ ϮŶĚKĨĨĞŶƐĞ ϭϵϲΨ ϮϬϮΨ ϯƌĚKĨĨĞŶƐĞ ϭϵϲΨ ϮϬϮΨ ϰƚŚͬƐƵďƐĞƋƵĞŶƚ ϭϵϲΨ ϮϬϮΨ ŽŐǁŝƚŚEŽ>ŝĐĞŶƐĞ
ϭƐƚKĨĨĞŶƐĞ ϮϲϴΨ ϮϳϱΨ ϮŶĚKĨĨĞŶƐĞ ϮϲϴΨ ϮϳϱΨ ϯƌĚKĨĨĞŶƐĞ ϮϲϴΨ ϮϳϱΨ ϰƚŚͬƐƵďƐĞƋƵĞŶƚ ϮϲϴΨ ϮϳϱΨ ŽŐǁŝƚŚ>ŝĐĞŶƐĞ
ϭƐƚKĨĨĞŶƐĞ ϮϭϵΨ ϮϮϱΨ ϮŶĚKĨĨĞŶƐĞ ϮϭϵΨ ϮϮϱΨ ϯƌĚKĨĨĞŶƐĞ ϮϭϵΨ ϮϮϱΨ ϰƚŚͬƐƵďƐĞƋƵĞŶƚ ϮϭϵΨ ϮϮϱΨ Ϯ ZĞƚƵƌŶĞĚƚŽKǁŶĞƌ&ĞĞƐhŶĂůƚĞƌĞĚŽŐƐ
/ŵƉŽƵŶĚĂŝůLJ ƉĞƌĚĂLJ ϮϮΨ ϮϯΨ ƉƉƌĞŚĞŶƐŝŽŶ
ϭƐƚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϭϵϲΨ ϮϬϮΨ ϮŶĚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϭϵϲΨ ϮϬϮΨ ϯƌĚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϭϵϲΨ ϮϬϮΨ ϰƚŚͬƐƵďƐĞƋƵĞŶƚ ƉĞƌĚĂLJ ϭϵϲΨ ϮϬϮΨ ^ƚĂƚĞDĂŶĚĂƚĞ
ϭƐƚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϯϱΨ ϯϱΨ ϮŶĚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϱϬΨ ϱϬΨ ϯƌĚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϭϬϬΨ ϭϬϬΨ ϰƚŚͬƐƵďƐĞƋƵĞŶƚ ƉĞƌĚĂLJ ϭϬϬΨ ϭϬϬΨ ŽŐǁŝƚŚEŽ>ŝĐĞŶƐĞ
ϭƐƚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϯϬϰΨ ϯϭϮΨ ϮŶĚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϯϮϬΨ ϯϮϴΨ ϯƌĚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϯϳϭΨ ϯϴϭΨ ϰƚŚͬƐƵďƐĞƋƵĞŶƚ ƉĞƌĚĂLJ ϯϳϭΨ ϯϴϭΨ ŽŐǁŝƚŚ>ŝĐĞŶƐĞ
ϭƐƚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϮϱϱΨ ϮϲϮΨ ϮŶĚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϮϳϬΨ ϮϳϴΨ ϯƌĚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϯϮϮΨ ϯϯϭΨ ϰƚŚͬƐƵďƐĞƋƵĞŶƚ ƉĞƌĚĂLJ ϯϮϮΨ ϯϯϭΨ ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ŶŝŵĂůŽŶƚƌŽů͕WĂŐĞϯϵŽĨϲϮ ŶŝŵĂůŽŶƚƌŽů
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϯ KǁŶĞƌdƵƌŶ/Ŷ&ĞĞƐ
>ŝĐĞŶƐĞĚ>ŝǀĞŽŐ ƉĞƌĂŶŝŵĂů ϭϵϲΨ ϮϬϮΨ >ŝĐĞŶƐĞĚŽŐ͕K ƉĞƌĂŶŝŵĂů ϭϰϳΨ EŽŚĂƌŐĞ hŶůŝĐĞŶƐĞĚ>ŝǀĞŽŐ ƉĞƌĂŶŝŵĂů ϭϵϲΨ ϮϬϮΨ hŶůŝĐĞŶƐĞĚŽŐ͕K ƉĞƌĂŶŝŵĂů ϭϰϳΨ ϭϱϭΨ >ŝǀĞĂƚ ƉĞƌĂŶŝŵĂů ϭϵϲΨ ϮϬϮΨ Ăƚ͕K ƉĞƌĂŶŝŵĂů ϭϰϳΨ ϭϱϭΨ ůůKƚŚĞƌ^ŵĂůůŶŝŵĂůƐ ƉĞƌĂŶŝŵĂů ϵϴΨ ϭϬϭΨ ůůKƚŚĞƌŶŝŵĂůƐ>ĂƌŐĞƌƚŚĂŶĂŽŐ ƉĞƌĂŶŝŵĂů ϭ ϭϵϲΨ ϮϬϮΨ K>ŝǀĞƐƚŽĐŬ ƉĞƌĂŶŝŵĂů
ZĞĨĞƌƚŽWƌŝǀĂƚĞ
ŽŵƉĂŶLJĨŽƌ
ZĞŵŽǀĂů
ZĞĨĞƌƚŽ
WƌŝǀĂƚĞ
ŽŵƉĂŶLJĨŽƌ
ZĞŵŽǀĂů
ĚĚŝƚŝŽŶĂůŶŝŵĂůƐ ƉĞƌĂŶŝŵĂů ϭϲΨ ϭϳΨ Wd^ ƉĞƌĂŶŝŵĂů ϭϵϲΨ ϮϬϮΨ ϰ >ŝĐĞŶƐĞ&ĞĞƐĨŽƌůƚĞƌĞĚŽŐƐ
ϭLJĞĂƌůŝĐĞŶƐĞ ƉĞƌĚŽŐ ϮϭΨ ϮϭΨ ϮLJĞĂƌůŝĐĞŶƐĞ ƉĞƌĚŽŐ ϯϭΨ ϯϮΨ ϯLJĞĂƌůŝĐĞŶƐĞ ƉĞƌĚŽŐ ϰϭΨ ϰϮΨ ϱ >ŝĐĞŶƐĞ&ĞĞƐĨŽƌhŶĂůƚĞƌĞĚŽŐƐ
ϭLJĞĂƌůŝĐĞŶƐĞ ƉĞƌĚŽŐ ϰϵΨ ϱϬΨ sŽƵĐŚĞƌƐĨŽƌƐƚĞƌŝůŝƚLJ ƉĞƌĂŶŝŵĂů ϭϬϯΨ ϭϬϲΨ ϲ EĞǁ>ŝĐĞŶƐĞƐĨŽƌhŶĂůƚĞƌĞĚŶŝŵĂůƐ ϳϬΨ ϳϮΨ sŽƵĐŚĞƌƐĨŽƌƐƚĞƌŝůŝƚLJ ƉĞƌĂŶŝŵĂů ϭϬϯΨ ϭϬϲΨ ϳ >ŝĐĞŶƐĞ&ĞĞƐĨŽƌ^ĞŶŝŽƌŝƚŝnjĞŶƐǁŝƚŚůƚĞƌĞĚŽŐƐ
ϭLJĞĂƌůŝĐĞŶƐĞ ƉĞƌĚŽŐ ϭϱΨ ϭϲΨ ϮLJĞĂƌůŝĐĞŶƐĞ ƉĞƌĚŽŐ ϮϲΨ ϮϳΨ ϯLJĞĂƌůŝĐĞŶƐĞ ƉĞƌĚŽŐ ϯϲΨ ϯϳΨ ϴ /ŵƉŽƵŶĚͬYƵĂƌĂŶƚŝŶĞ ƉĞƌĚĂLJ ϮϮΨ ϮϯΨ
ϵ ZĂďŝĞƐsĂĐĐŝŶĂƚŝŽŶΛs ƉĞƌĚŽŐ
ŝƚLJƉƌŽĐĞƐƐŝŶŐ ϵϴΨ ϭϬϭΨ sĂĐĐŝŶĂƚŝŽŶ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ŶŝŵĂůŽŶƚƌŽů͕WĂŐĞϰϬŽĨϲϮ ŶŝŵĂůŽŶƚƌŽů
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϭϬ WĞƌŵŝƚ&ĞĞƐ
ŶŝŵĂůĞĂůĞƌ ϮϰϱΨ ϮϱϮΨ ŶŝŵĂů
džŚŝďŝƚŝŽŶ ϮϰϱΨ ϮϱϮΨ ŶŝŵĂů
džŚŝďŝƚŝŽŶ ϮϰϱΨ ϮϱϮΨ tŝůĚŶŝŵĂů ƉĞƌĂŶŝŵĂů ϮϰϱΨ ϮϱϮΨ tŝůĚŶŝŵĂůDĞŶĂŐĞƌŝĞ ϮϰϱΨ ϮϱϮΨ ZŽĚĞŽ ϮϰϱΨ ϮϱϮΨ
ZŽĚĞŽĂŝůLJ&ĞĞ ϮϰϱΨ ϮϱϮΨ ^ƚĂďůĞƐ ϮϰϱΨ ϮϱϮΨ ZĞƉƚŝůĞƐ ϮϰϱΨ ϮϱϮΨ WĞƚƚŝŶŐŽŽ ϮϰϱΨ ϮϱϮΨ ŽŐ<ĞŶŶĞů ϮϰϱΨ ϮϱϮΨ Ăƚ<ĞŶŶĞů ϮϰϱΨ ϮϱϮΨ WĞƚ^ŚŽƉ ϮϰϱΨ ϮϱϮΨ 'ƌŽŽŵŝŶŐWĂƌůŽƌ ϮϰϱΨ ϮϱϮΨ ŽŵĞƐƚŝĐŽŐƌĞĞĚĞƌ ϮϰϱΨ ϮϱϮΨ ϭϭ ĨƚĞƌ,ŽƵƌƐĂůůKƵƚ ŚŽƵƌůLJͲϮŚŽƵƌƐ
ŵŝŶŝŵƵŵ ϮϭϯΨ ϮϭϵΨ ϭϮ ŶŝŵĂůŽŵƉůŝĂŶĐĞ/ŶƐƉĞĐƚŝŽŶ ƉĞƌŝŶƐƉĞĐƚŝŽŶ ϭϵϲΨ ϮϬϮΨ ϭϯ WŽƚĞŶƚŝĂůůLJĂŶŐĞƌŽƵƐŽƌsŝĐŝŽƵƐŽŐĚŵŝŶŝƐƚƌĂƚŝǀĞ,ĞĂƌŝŶŐ ƉĞƌ ŚĞĂƌŝŶŐ E t ϱϴϴΨ
ϭϰ >ĂƚĞ>ŝĐĞŶƐĞZĞŶĞǁĂů Ϯ
>ĞƐƐƚŚĂŶϭLJĞĂƌůĂƚĞ ĨůĂƚ E
t ϱΨ
KǀĞƌϭLJĞĂƌ ƉĞƌLJĞĂƌ E
t ŽƐƚŽĨĂŶŶƵĂů
ůŝĐĞŶƐĞ
ϭϱ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ Ψϭϵϲ ϮϬϮΨ EŽƚĞƐ
ϭ KƚŚĞƌĨĞĞƐŵĂLJĂƉƉůLJ͘
Ϯ >ĂƚĞ>ŝĐĞŶƐĞZĞŶĞǁĂůĨĞĞŵĂLJďĞǁĂŝǀĞĚĂƐĚĞƚĞƌŵŝŶĞĚďLJƚŚĞĚĞƉĂƌƚŵĞŶƚ͘ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ŶŝŵĂůŽŶƚƌŽů͕WĂŐĞϰϭŽĨϲϮ ŶŝŵĂů^ŚĞůƚĞƌ
ϭ ^ƉĂLJĂŶĚEĞƵƚĞƌĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞ
ůůŽŐƐ ĞĂĐŚ E
t Ψϭϰϭ
ĚĚŝƚŝŽŶĂů;ŝŶŚĞĂƚŽƌƉƌĞŐŶĂŶƚͿ ĂĐƚƵĂůǀĞƚĐŽƐƚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
ůůĂƚƐ ĞĂĐŚ E
t Ψϭϰϭ
ĚĚŝƚŝŽŶĂů;ŝŶŚĞĂƚŽƌƉƌĞŐŶĂŶƚͿ ĂĐƚƵĂůǀĞƚĐŽƐƚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
KƚŚĞƌŶŝŵĂůƐ;ƌĂďďŝƚƐ͕ĞƚĐ͘Ϳ ĞĂĐŚ E
t Ψϭϰϭ
dƌƵƐƚĞƉŽƐŝƚͲ^ƉĂLJͬEĞƵƚĞƌ^ƵƌŐĞƌLJ ϭ
ŽŐƐ ĞĂĐŚ E
t ^ĞƚďLJŝƚLJ
WŽůŝĐLJ
ĂƚƐ ĞĂĐŚ E
t ^ĞƚďLJŝƚLJ
WŽůŝĐLJ
Ϯ sĞƚĞƌŝŶĂƌLJ^ĞƌǀŝĐĞƐ
ZĂďŝĞƐ ĞĂĐŚ E
t ƚŽƐƚ
,>WW;ϲŝŶϭͿ ĞĂĐŚ E
t Ψϭϴ
,>WWн;ϳŝŶϭͿ;ǁͬŽƌŽŶĂͿ ĞĂĐŚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
,>WWн;ǁͬŽƌŽŶĂнŽƌĚĞƚĞůůĂͿ ĞĂĐŚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
ŽƌĚĞƚĞůůĂ;ŝŶƚƌĂŶĂƐĂůͿ ĞĂĐŚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
ŽƌĚĞƚĞůůĂ;ŝŶũĞĐƚŝŽŶͿ ĞĂĐŚ E
t Ψϭϴ
&sZWн;ǁͬŚůĂŵLJĚŝĂͿ ĞĂĐŚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
>ĞƵŬĞŵŝĂ ĞĂĐŚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
&sZWн>;ǁͬŚůĂŵLJĚŝĂн>ĞƵŬĞŵŝĂͿ ĞĂĐŚ E
t Ψϭϴ
sĞƚĞƌŝŶĂƌŝĂŶ^ĞƌǀŝĐĞƐ ƉĞƌŚŽƵƌΛǀĞƚ
ĐŽƐƚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
Zsd^ĞƌǀŝĐĞƐ ƉĞƌŚŽƵƌΛǀĞƚ
ĐŽƐƚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
ůĞĐƚŝǀĞ^ƵƌŐĞƌŝĞƐ ĂĐƚƵĂůǀĞƚĐŽƐƚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
ϯ /ŵƉŽƵŶĚĂŶĚŽĂƌĚŝŶŐ
/ŵƉŽƵŶĚ
^ŵĂůůŶŝŵĂůƐ;ŽƚŚĞƌƚŚĂŶĚŽŐƐͬĐĂƚƐͿ ĞĂĐŚ E
t Ψϱϯ
ĂƌĞĂŶĚ&ĞĞĚŝŶŐ;ŽĂƌĚŝŶŐͿ
ŽŐƐĂŶĚĂƚƐ ƉĞƌĚĂLJ E
t Ψϯϱ
^ŵĂůůŶŝŵĂůƐ;ŽƚŚĞƌƚŚĂŶĚŽŐƐͬĐĂƚƐͿ ƉĞƌĚĂLJ E
t Ψϭϴ
>ĂƌŐĞŶŝŵĂůƐ ƉĞƌĚĂLJ E
t Ψϯϱ
ϰ ĞĂĚŶŝŵĂůŝƐƉŽƐĂů;ƉŝĐŬĞĚƵƉďLJƐŚĞůƚĞƌͿ
^ŵĂůů ĞĂĐŚ E
t Ψϭϴ
>ĂƌŐĞ ĞĂĐŚ E
t Ψϭϴ
ϱ ŶŝŵĂůZĞůŝŶƋƵŝƐŚŵĞŶƚ;ƉŝĐŬĞĚƵƉďLJƐŚĞůƚĞƌͿ
^ŵĂůů ĞĂĐŚ E
t Ψϭϴ
>ŝƚƚĞƌ ƉĞƌĂŶŝŵĂů E
t Ψϭϴ
^ŵĂůů>ŝǀĞƐƚŽĐŬ ĞĂĐŚ E
t Ψϭϴ
^ŝŶŐůĞ>ĂƌŐĞŶŝŵĂů ĞĂĐŚ E
t ΨϳϬ
ϮϬϮϰWƌŽƉŽƐĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ŶŝŵĂů^ŚĞůƚĞƌ͕WĂŐĞϰϮŽĨϲϮ ŶŝŵĂů^ŚĞůƚĞƌ
ϮϬϮϰWƌŽƉŽƐĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϲ ŶŝŵĂůĚŽƉƚŝŽŶƐ ϰ
ŽŐƐ ĞĂĐŚ E
t Ψϱϯ
ĂƚƐ ĞĂĐŚ E
t Ψϯϱ
^ŵĂůůŶŝŵĂůƐ;ŽƚŚĞƌƚŚĂŶĚŽŐƐͬĐĂƚƐͿ ĞĂĐŚ Ϯ E
t Ψϭϴ
^ĞŶŝŽƌĂĚŽƉƚĞƌƐ;ĂĚŽƉƚĞƌϲϬLJĞĂƌƐŽƌŽůĚĞƌͿ ĞĂĐŚ E
t Ψϭϴ
>ĂƌŐĞŶŝŵĂůƐ ĞĂĐŚ ϯ E
t Ψϭϰϭ
ZĞƉƚŝůĞƐͬ
džŽƚŝĐŝƌĚƐͬKƚŚĞƌ ĞĂĐŚ DĂƌŬĞƚZĂƚĞ DĂƌŬĞƚZĂƚĞ
ZĞƐĐƵĞ'ƌŽƵƉƐ
ŽŐƐ ĞĂĐŚ E
t Ψϱϯ
ĂƚƐ ĞĂĐŚ E
t Ψϯϱ
dƌƵƐƚĞƉŽƐŝƚͲ^ƉĂLJͬEĞƵƚĞƌ^ƵƌŐĞƌLJ ϭ
ŽŐƐ ĞĂĐŚ E
t ^ĞƚďLJŝƚLJ
WŽůŝĐLJ
ĂƚƐ ĞĂĐŚ E
t ^ĞƚďLJŝƚLJ
WŽůŝĐLJ
ϳ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐ ĨƵůůLJďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚ ƚŽƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ E
t ΨϳϬ
EŽƚĞƐ
ϭ ĚĞƉŽƐŝƚƚŽĞŶƐƵƌĞƵŶĂůƚĞƌĞĚĂĚŽƉƚĞĚƉĞƚƐĂƌĞĞǀĞŶƚƵĂůůLJƐƉĂLJĞĚͬŶĞƵƚĞƌĞĚ Ϯ ^ŵĂůůŶŝŵĂůƐͲŶŝŵĂůƐƵŶĚĞƌϮϬůďƐ͘
ϯ >ĂƌŐĞŶŝŵĂůƐͲŶŝŵĂůƐϮϬůďƐŽƌŵŽƌĞ͘
ϰ tŝƚŚƚŚĞĂƉƉƌŽǀĂůŽĨƚŚĞŝƚLJDĂŶĂŐĞƌ͕ƚŚĞĚĞƉĂƌƚŵĞŶƚŵĂLJƌĞĚƵĐĞŽƌǁĂŝǀĞĂĚŽƉƚŝŽŶ ĨĞĞƐďĂƐĞĚŽŶĂŶŝŵĂůƐŚĞůƚĞƌĐĂƉĂĐŝƚLJĐŽŶƐƚƌĂŝŶƚƐ͕ƐƉĞĐŝĂůĞǀĞŶƚƐŽƌŽǀĞƌͲĐŽŶĐĞŶƚƌĂƚŝŽŶŽĨ ƉĂƌƚŝĐƵůĂƌĂŶŝŵĂůďƌĞĞĚƐŽƌƚLJƉĞƐ͘
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ŶŝŵĂů^ŚĞůƚĞƌ͕WĂŐĞϰϯŽĨϲϮ
ĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚ
ϭ d
&Z ƉĞƌĂƉƉůŝĐĂƚŝŽŶ Ϯ͕ϯϰϭΨ Ϯ͕ϰϬϱΨ Ϯ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϭϴϮ ϭϴϳΨ ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ
ĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚ͕WĂŐĞϰϰŽĨϲϮ
ZŝƐŬDĂŶĂŐĞŵĞŶƚ
ϭ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ZŝƐŬDĂŶĂŐĞŵĞŶƚ͕WĂŐĞϰϱŽĨϲϮ WƵďůŝĐtŽƌŬƐ
ϭ ŽƐƚZĞĐŽǀĞƌLJͲ
ƋƵŝƉŵĞŶƚ
ƉĞƌĂůƚƌĂŶƐ
>ĂďŽƌ^ƵƌĐŚĂƌŐĞ
ĂŶĚ
ƋƵŝƉŵĞŶƚ
ZĞŶƚĂůZĂƚĞƐ
E
t ^ĞĞ
džŚŝďŝƚ
Ϯ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ WƵďůŝĐtŽƌŬƐ͕WĂŐĞϰϲŽĨϲϮ sDh^
ůĞĐƚƌŝĐ^ĞƌǀŝĐĞZƵůĞƐ
ZƵůĞϯ
ϭ dƵƌŶŽŶ^ĞƌǀŝĐĞŚĂƌŐĞ
^ĞƌǀŝĐĞdƵƌŶKŶ ĨůĂƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƌǀŝĐĞdƵƌŶKŶͲ
ĂĐŚĚĚŝƚŝŽŶĂů ĨůĂƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ZƵůĞϳ
Ϯ DŝŶŝŵƵŵĞƉŽƐŝƚ ĚĞƉŽƐŝƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
DŝŶŝŵƵŵŝǀĞƌƐŝŽŶĞƉŽƐŝƚ ĚĞƉŽƐŝƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ZƵůĞϵ
ϯ ZĞƚƵƌŶĞĚŚĞĐŬŚĂƌŐĞ
ZĞƚƵƌŶĞĚ/ƚĞŵ;ŚĞĐŬŽƌƌĞĚŝƚĂƌĚͿ ĞĂĐŚ ϭ ϮϱΨ ϮϱΨ ZĞƚƵƌŶĞĚ/ƚĞŵͲĞĂĐŚĂĚĚΖů ĞĂĐŚ ϭ ϯϱΨ ϯϱΨ ϰ DĂŶƵĂůDĞƚĞƌZĞĂĚŚĂƌŐĞ ĨůĂƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ϱ >ĂƚĞWĂLJŵĞŶƚŚĂƌŐĞŽĨhŶƉĂŝĚĂůĂŶĐĞ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ZƵůĞϭϭ
ϲ ŽůůĞĐƚŝŽŶ&ĞĞ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ϳ ^ƉĞĐŝĂůϰϴͲ,ŽƵƌ&ŝĞůĚEŽƚŝĨŝĐĂƚŝŽŶ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ϴ /ŶǀĞƐƚŝŐĂƚŝŽŶŚĂƌŐĞƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϵ DĞƚĞƌZĞƉĂŝƌƐŽƌZĞƉůĂĐĞŵĞŶƚƐƵĞƚŽĂŵĂŐĞͬdĂŵƉĞƌŝŶŐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ sDh^͕WĂŐĞϰϳŽĨϲϮ
sDh^
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
͘^ƵďĚŝǀŝƐŝŽŶƐ
ϭϬ
ůĞĐƚƌŝĐĂůhŶĚĞƌŐƌŽƵŶĚhƚŝůŝƚŝĞƐ;/ŵƉƌŽǀĞŵĞŶƚŽŶĚƐͿ
ĚĚΖůĞǀĞůŽƉĞƌ&ĞĞƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ĞůĂLJŽĨǁŽƌŬůŽŶŐĞƌƚŚĂŶϭϮŵŽŶƚŚƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϭϭ &͘WůĂŶŚĞĐŬ&ĞĞƐ
ĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϭϮ /ŶƐƉĞĐƚŝŽŶ&ĞĞƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϭϯ DĞƚĞƌdĞƐƚ&ĞĞ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
EĂƚƵƌĂů'ĂƐ^ĞƌǀŝĐĞZƵůĞƐ
ZƵůĞϯ
ϭϰ dƵƌŶŽŶ^ĞƌǀŝĐĞŚĂƌŐĞ
^ĞƌǀŝĐĞdƵƌŶKŶ ĨůĂƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƌǀŝĐĞdƵƌŶKŶͲ
ĂĐŚĚĚŝƚŝŽŶĂů ĨůĂƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ZƵůĞϳ
ϭϱ DŝŶŝŵƵŵĞƉŽƐŝƚ
ĚĞƉŽƐŝƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
DŝŶŝŵƵŵŝǀĞƌƐŝŽŶĞƉŽƐŝƚ
ĚĞƉŽƐŝƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ZƵůĞϵ
ϭϲ ZĞƚƵƌŶĞĚŚĞĐŬŚĂƌŐĞ
ZĞƚƵƌŶĞĚ/ƚĞŵ;ŚĞĐŬŽƌƌĞĚŝƚĂƌĚͿ ĞĂĐŚ ϭ ϮϱΨ ϮϱΨ ZĞƚƵƌŶĞĚ/ƚĞŵͲĞĂĐŚĂĚĚΖů ĞĂĐŚ ϭ ϯϱΨ ϯϱΨ ϭϳ DĂŶƵĂůDĞƚĞƌZĞĂĚŚĂƌŐĞ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ϭϴ >ĂƚĞWĂLJŵĞŶƚŚĂƌŐĞŽĨhŶƉĂŝĚĂůĂŶĐĞ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ sDh^͕WĂŐĞϰϴŽĨϲϮ
sDh^
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ZƵůĞϭϭ
ϭϵ ŽůůĞĐƚŝŽŶ&ĞĞ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ϮϬ ^ƉĞĐŝĂůϰϴͲ,ŽƵƌ&ŝĞůĚEŽƚŝĨŝĐĂƚŝŽŶ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
Ϯϭ /ŶǀĞƐƚŝŐĂƚŝŽŶŚĂƌŐĞƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϮϮ DĞƚĞƌZĞƉĂŝƌƐŽƌZĞƉůĂĐĞŵĞŶƚƐƵĞƚŽĂŵĂŐĞͬdĂŵƉĞƌŝŶŐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ^ƵďĚŝǀŝƐŝŽŶƐ
Ϯϯ 'ĂƐhŶĚĞƌŐƌŽƵŶĚhƚŝůŝƚŝĞƐ;/ŵƉƌŽǀĞŵĞŶƚŽŶĚƐͿ
ĚĚΖůĞǀĞůŽƉĞƌ&ĞĞƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ĞůĂLJŽĨǁŽƌŬůŽŶŐĞƌƚŚĂŶϭϮŵŽŶƚŚƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ Ϯϰ &͘WůĂŶŚĞĐŬ&ĞĞƐ
ĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
Ϯϱ /ŶƐƉĞĐƚŝŽŶ&ĞĞƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
Ϯϲ DĞƚĞƌdĞƐƚ&ĞĞ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
Ϯϳ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϭϰϬ ϭϰϰΨ EŽƚĞƐ
ϭ ^ĞƚďLJŝǀŝůŽĚĞ^ĞĐƚŝŽŶϭϳϭϵ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ sDh^͕WĂŐĞϰϵŽĨϲϮ
tĂƚĞƌͲƵƐƚŽŵĞƌ^ĞƌǀŝĐĞ
/ hƚŝůŝƚLJ^ĞƌǀŝĐĞĐĐŽƵŶƚ&ĞĞƐ
ϭ ƵƐƚŽŵĞƌĐĐŽƵŶƚ^ĞƚͲƵƉ&ĞĞ ĞĂĐŚ ϱϲΨ ϱϳΨ Ϯ ^ĞĐƵƌŝƚLJĞƉŽƐŝƚ ĚĞƉŽƐŝƚ ϭ ϭϮϰΨ ϭϮϳΨ ϯ ^ĞĐƵƌŝƚLJĞƉŽƐŝƚĨŽƌdĞŵƉŽƌĂƌLJtĂƚĞƌhƐĞ ĚĞƉŽƐŝƚ ϭ ϭϵΨ ϭϵΨ ϰ ĞůŝŶƋƵĞŶĐLJŚĂƌŐĞ ϭ
ϱйŽĨƵŶƉĂŝĚ
ĐƵƐƚŽŵĞƌ
ďĂůĂŶĐĞ
ϱйŽĨƵŶƉĂŝĚ
ĐƵƐƚŽŵĞƌ
ďĂůĂŶĐĞ
ϱ ĚŵŝŶŝƐƚƌĂƚŝǀĞ>ŝĞŶWƌŽĐĞƐƐŝŶŐ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϭϬϮΨ ϭϬϱΨ ϲ ŽĐƵŵĞŶƚĂƚŝŽŶ ϯ ΨϬ͘ϭϬͬƉĂŐĞ ΨϬ͘ϭϬͬƉĂŐĞ
ϳ sĞŚŝĐůĞͬ
ƋƵŝƉŵĞŶƚZĂƚĞ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϴ ĂŵĂŐĞŽƌ>ŽƐƐͬsĂŶĚĂůŝƐŵ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϵ ZĞƚƵƌŶĞĚŚĞĐŬƐ
ĂŶŬ&ĞĞ ĞĂĐŚ ϱ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ZĞƚƵƌŶĞĚ/ƚĞŵ;ŚĞĐŬŽƌƌĞĚŝƚĂƌĚͿ ĞĂĐŚ Ϯ ϮϱΨ ΨϮϱ ZĞƚƵƌŶĞĚ/ƚĞŵͲĞĂĐŚĂĚĚΖů ĞĂĐŚ Ϯ ϯϱΨ Ψϯϱ ϭϬ WĂLJŵĞŶƚWůĂŶ^ĞƚƵƉ&ĞĞ ĞĂĐŚ ϯϳΨ ϯϴΨ ϭϭ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ϰ ΨϭϰϬ ϭϰϰΨ EŽƚĞƐ
ϭ &ĞĞƐĞƚďLJƉŽůŝĐLJ
Ϯ ^ĞƚďLJŝǀŝůŽĚĞ^ĞĐƚŝŽŶϭϳϭϵ
ϯ ZĞĨĞƌƚŽƚŚĞŝƚLJůĞƌŬ^ĐŚĞĚƵůĞ
ϰ KƚŚĞƌĨĞĞƐŵĂLJĂƉƉůLJ͘
ϱ ZĞŐƵůĂƚĞĚďLJĂůŝĨŽƌŶŝĂ'ŽǀĞƌŶŵĞŶƚŽĚĞ^ĞĐƚŝŽŶϲϭϱϳ͘ ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ tĂƚĞƌͲƵƐƚ^ǀĐ͕WĂŐĞϱϬŽĨϲϮ tĂƚĞƌͲhƚŝůŝƚLJWĞƌŵŝƚƐ
/ tĂƚĞƌ&ĞĞƐ
ϭ ŽŶŶĞĐƚŝŽŶĂŶĚůƚĞƌŶĂƚĞtĂƚĞƌ^ŽƵƌĐĞ&ĞĞƐ ϭ
DĞƚĞƌ/ŶƐƚĂůůĂƚŝŽŶ
Ϯ ϯͬϰͲŝŶĐŚDĞƚĞƌ
DĞƚĞƌ/ŶƐƚĂůů^ĞƌǀŝĐĞ ĞĂĐŚ ϭϰϰΨ ϭϰϴΨ DĞƚĞƌŽƐƚ ĞĂĐŚ ϭ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
^ĞƌǀŝĐĞ>ŝŶĞ;/ŶƐƚĂůůĂƚŝŽŶ&ĞĞͿ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϯ ϭͲŝŶĐŚDĞƚĞƌ
DĞƚĞƌ/ŶƐƚĂůů^ĞƌǀŝĐĞ ĞĂĐŚ ϭϰϰΨ ϭϰϴΨ DĞƚĞƌŽƐƚ ĞĂĐŚ ϭ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
^ĞƌǀŝĐĞ>ŝŶĞ;/ŶƐƚĂůůĂƚŝŽŶ&ĞĞͿ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϰ ϭ͘ϱͲŝŶĐŚDĞƚĞƌ
DĞƚĞƌ/ŶƐƚĂůů^ĞƌǀŝĐĞ ĞĂĐŚ ϭϲϵΨ ϭϳϰΨ DĞƚĞƌŽƐƚ ĞĂĐŚ ϭ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
^ĞƌǀŝĐĞ>ŝŶĞ;/ŶƐƚĂůůĂƚŝŽŶ&ĞĞͿ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϱ ϮͲŝŶĐŚDĞƚĞƌ
DĞƚĞƌ/ŶƐƚĂůů^ĞƌǀŝĐĞ ĞĂĐŚ ϭϲϵΨ ϭϳϰΨ DĞƚĞƌŽƐƚ ĞĂĐŚ ϭ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
^ĞƌǀŝĐĞ>ŝŶĞ;/ŶƐƚĂůůĂƚŝŽŶ&ĞĞͿ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϲ ďŽǀĞϮͲŝŶĐŚDĞƚĞƌ ϭ
DĞƚĞƌ/ŶƐƚĂůů^ĞƌǀŝĐĞ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
DĞƚĞƌŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
^ĞƌǀŝĐĞ>ŝŶĞ;/ŶƐƚĂůůĂƚŝŽŶ&ĞĞͿ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϳ DĞƚĞƌ^ŝnjĞŽƌ>ŽĐĂƚŝŽŶŚĂŶŐĞ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϴ ^ĞƌǀŝĐĞĂůů&ĞĞƐ
ƵƌŝŶŐďƵƐŝŶĞƐƐŚŽƵƌƐ ŚŽƵƌůLJ ϭϱϮΨ ϭϱϲΨ ^ĂŵĞͲĚĂLJƐĞƌǀŝĐĞͲďƵƐŝŶĞƐƐŚŽƵƌƐ ŚŽƵƌůLJ ϭϱϮΨ ϭϱϲΨ ĨƚĞƌŚŽƵƌƐƐĞƌǀŝĐĞ ŚŽƵƌůLJ ϭϳϬΨ ϭϳϱΨ ϵ >ĂďŽƌZĂƚĞƐ
ƵƌŝŶŐďƵƐŝŶĞƐƐŚŽƵƌƐ ŚŽƵƌůLJ ϭϱϮΨ ϭϱϲΨ ĨƚĞƌŚŽƵƌƐƐĞƌǀŝĐĞ ŚŽƵƌůLJ ϭϳϬΨ ϭϳϱΨ ϭϬ sĞŚŝĐůĞͬ
ƋƵŝƉŵĞŶƚZĂƚĞ ϭ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϭϭ ^ĞƌǀŝĐĞĞĂĐƚŝǀĂƚŝŽŶĨŽƌEŽŶͲWĂLJŵĞŶƚ ϯ
^ŚƵƚͲKĨĨ;ZĞŐƵůĂƌ,ŽƵƌƐͿ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϰϯΨ ϰϰΨ dƵƌŶͲKŶ;ZĞŐƵůĂƌ,ŽƵƌƐͿ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϱϮΨ ϱϯΨ ^ŚƵƚͲKĨĨ;ĨƚĞƌ,ŽƵƌƐͿͲƚǁŽŚŽƵƌƐŵŝŶŝŵƵŵ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϭϱϱΨ ϭϱϵΨ dƵƌŶͲKŶ;ĨƚĞƌ,ŽƵƌƐͿͲƚǁŽŚŽƵƌƐŵŝŶŝŵƵŵ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϭϱϱΨ ϭϱϵΨ ϭϮ DĞƚĞƌdĞƐƚŚĂƌŐĞ ĚĞƉŽƐŝƚ ϭ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ tĂƚĞƌͲhƚŝůŝƚLJWĞƌŵŝƚƐ͕WĂŐĞϱϭŽĨϲϮ tĂƚĞƌͲhƚŝůŝƚLJWĞƌŵŝƚƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϭϯ ĂĐŬĨůŽǁ;ZWͿĞǀŝĐĞdĞƐƚ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϭϴϵΨ ϭϵϱΨ ϭϰ ƌŽƐƐŽŶŶĞĐƚŝŽŶ/ŶŝƚŝĂů/ŶƐƉĞĐƚŝŽŶ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϮϮϳΨ ϮϯϰΨ ϭϱ ŶŶƵĂůĂĐŬĨůŽǁĞƌƚŝĨŝĐĂƚŝŽŶ&ĞĞ ƉĞƌĚĞǀŝĐĞ Ϯ ϱϭΨ ϱϮΨ ϭϲ &ĂŝůĞĚĞǀŝĐĞZĞͲdĞƐƚ ƉĞƌĚĞǀŝĐĞ ϮϱΨ ϮϲΨ ϭϳ ŽŶƐƚƌƵĐƚŝŽŶDĞƚĞƌ/ŶƐƚĂůůĂƚŝŽŶ&ĞĞ
ƵƐƚŽŵĞƌ^ĞƚͲhƉ&ĞĞ ƉĞƌĚĞǀŝĐĞ
ŚĂƌŐĞĚďLJ
ƵƐƚŽŵĞƌ
^ĞƌǀŝĐĞ
ŚĂƌŐĞĚďLJ
ƵƐƚŽŵĞƌ
^ĞƌǀŝĐĞ
tĂƚĞƌŚĂƌŐĞƐ/ŶƐƚĂůůĂƚŝŽŶ&ĞĞ ƉĞƌĚĞǀŝĐĞ ϭϵϳΨ ϮϬϮΨ ϭϴ ƌŽƐƐŽŶŶĞĐƚŝŽŶWůĂŶŚĞĐŬ ƉĞƌĚĞǀŝĐĞ ϳϲΨ ϳϴΨ ϭϵ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϭϰϬ ϭϰϰΨ EŽƚĞƐ
ϭ WůĞĂƐĞƐĞĞĞǀĞůŽƉŵĞŶƚ/ŵƉĂĐƚ&ĞĞ^ĐŚĞĚƵůĞ͘
Ϯ ŝƚLJƉƌŽĐĞƐƐŝŶŐĨĞĞŽŶůLJ͖ĂƉƉůŝĐĂŶƚƉĂLJƐĨŽƌĐŽŶƚƌĂĐƚŽƌĞdžƉĞŶƐĞƐĞƉĂƌĂƚĞůLJ ϯ ^ƵďũĞĐƚƚŽ^ϵϵϴ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ tĂƚĞƌͲhƚŝůŝƚLJWĞƌŵŝƚƐ͕WĂŐĞϱϮŽĨϲϮ ŝƚLJůĞƌŬĂŶĚDŝƐĐĞůůĂŶĞŽƵƐĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞƐ
ϭ DŝĐƌŽĨŝůŵWƌŽĐĞƐƐŝŶŐ ƉĞƌƌĞƋƵĞƐƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ Ϯ WƵďůŝĐZĞĐŽƌĚƐZĞƋƵĞƐƚƐ ƉĞƌƌĞƋƵĞƐƚ ΨϬ͘ϭϬƉĞƌƉĂŐĞ ΨϬ͘ϭϬƉĞƌƉĂŐĞ ϯ EŽƚĂƌLJ^ĞƌǀŝĐĞƐ ƉĞƌƐŝŐŶĂƚƵƌĞ
ŶŽƚĂƌŝnjĞĚ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ
ϰ ĞŵĂŶĚZĞƐĞĂƌĐŚ&ĞĞ ƉĞƌƌĞƋƵĞƐƚ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ ϱ dĞĐŚŶŽůŽŐLJ&ĞĞ ƉĞƌĂƉƉůŝĐĂƚŝŽŶ ϭ ϰ͘ϲй ϰ͘ϲй
ϲ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϭϰϬ ϭϰϰΨ EŽƚĞƐ
ϭ ƉƉůŝĞƐƚŽĐĞƌƚĂŝŶƉĞƌŵŝƚƚLJƉĞƐƉĞƌƚŚĞϮϬϮϮ&ĞĞ^ƚƵĚLJ&ŝŶĂůƌĞƉŽƌƚ ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĞƌŬΘDŝƐĐ͕͘WĂŐĞϱϯŽĨϲϮ ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲWĂƌŬƐ
ϭ :ŽƐŚƵĂdƌĞĞ/ŶƐƉĞĐƚŝŽŶƐ
ϭƐƚŚĂůĨĂĐƌĞ ƉĞƌƉƌŽũĞĐƚ ϭϰϬΨ ϭϰϰΨ
ĂĐŚĂĚĚΖůŚĂůĨĂĐƌĞ ƉĞƌŚĂůĨĂĐƌĞ ϯϱΨ ϯϲΨ Ϯ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϭϰϬ ϭϰϰΨ ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ WĂƌŬƐ͕WĂŐĞϱϰŽĨϲϮ
ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲ>ŝďƌĂƌLJ
ϭ >ĂƚĞZĞƚƵƌŶƐ
:ƵǀĞŶŝůĞͬzͬŚŝůĚƌĞŶΖƐ ƉĞƌĚĂLJ͕ƉĞƌ
ŝƚĞŵ EŽ&ĞĞ EŽ&ĞĞ
ĚƵůƚ ƉĞƌĚĂLJ͕ƉĞƌ
ŝƚĞŵ EŽ&ĞĞ EŽ&ĞĞ
DĂŐĂnjŝŶĞƐ ƉĞƌĚĂLJ͕ƉĞƌ
ŝƚĞŵ EŽ&ĞĞ EŽ&ĞĞ
sƐ ƉĞƌĚĂLJ͕ƉĞƌ
ŝƚĞŵ EŽ&ĞĞ ϭ͘ϱϬΨ
&ƌĞĞZĞŶƚĂůƐ ƉĞƌĚĂLJ͕ƉĞƌ
ŝƚĞŵ EŽ&ĞĞ EŽ&ĞĞ
EŽŶͲƌĞƚƵƌŶĞĚŝƚĞŵ;ŬƐŽƌŵĂƚĞƌŝĂůƐͿ ƉĞƌŝƚĞŵ ŽƐƚŽĨ/ƚĞŵ ŽƐƚŽĨ/ƚĞŵ EŽŶͲƌĞƚƵƌŶĞĚŝƚĞŵƉƌŽĐĞƐƐŝŶŐĨĞĞ ΨϭϬ ϭϭΨ
Ϯ ŚĞĐŬKƵƚ^ĞƌǀŝĐĞƐ
sΖƐ ƉĞƌŝƚĞŵƉĞƌϯ
ĚĂLJƐ Ψϭ͘ϱϱ ϭ͘ϱϵΨ
sŝĚĞŽ'ĂŵĞƐ ƉĞƌŝƚĞŵƉĞƌϯ
ĚĂLJƐ Ψϯ ϯΨ
ϯ ŽƉLJ^ĞƌǀŝĐĞƐ
ůĂĐŬͬtŚŝƚĞŽƉŝĞƐͲ^ŝŶŐůĞ^ŝĚĞĚ ƉĞƌƉĂŐĞ ΨϬ͘ϭϱ Ϭ͘ϭϱΨ ŽůŽƌŽƉŝĞƐͲ^ŝŶŐůĞ^ŝĚĞĚ ƉĞƌƉĂŐĞ ΨϬ͘ϱϬ Ϭ͘ϱϬΨ
ϰ WĂƐƐƉŽƌƚ^ĞƌǀŝĐĞƐ
WĂƐƐƉŽƌƚWŚŽƚŽ ƉĞƌƉŚŽƚŽ ΨϭϬ ϮϬΨ WĂƐƐƉŽƌƚWƌŽĐĞƐƐŝŶŐ&ĞĞ ƉĞƌĂƉƉůŝĐĂƚŝŽŶ ϭ Ψϯϱ ϯϱΨ
ϱ DŝƐĐĞůůĂŶĞŽƵƐ^ĞƌǀŝĐĞƐ
<ŝŽƐŬƌĞĚŝƚĂƌĚWƌŽĐĞƐƐŝŶŐ&ĞĞ ƉĞƌƚƌĂŶƐĂĐƚŝŽŶ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ZĞƉůĂĐĞŵĞŶƚ>ŝďƌĂƌLJĂƌĚ ƉĞƌĐĂƌĚ E
t ϮΨ
ϲ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
EŽƚĞƐ
ϭ ^ĞƚƉĞƌ^ƚĂƚĞƉŽůŝĐLJ͘
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ
&ĞĞdLJƉĞ;&ůĂƚͬ
ĞƉŽƐŝƚͬ
,ŽƵƌůLJͿ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ŝďƌĂƌLJ͕WĂŐĞϱϱŽĨϲϮ
ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲZĞĐƌĞĂƚŝŽŶ
ϭz Ž Ƶ ƚ Ś W ƌ Ž Ő ƌ Ă ŵ Ɛ
ŚŝůĚ>ĂƚĞWŝĐŬƵƉ ϭ ΨϭϬͬΨϮϬ ΨϭϬͬϮϭ
WĂƌĞŶƚΘdŽƚ ZĞƐŝĚĞŶƚ͗ΨϰϱͬŵŽŶƚŚ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϱϬͬŵŽŶƚŚ
ZĞƐŝĚĞŶƚ͗ΨϰϲͬŵŽŶƚŚ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϱϭͬŵŽŶƚŚ
/ƚƚLJŝƚƚLJdŚƌĞĞƐͬ&ŽƵƌƐͬĂŵƉ ZĞƐŝĚĞŶƚ͗DΨϰͬŚƌWD͗Ψϯ͘ϱϬͬŚƌ EŽŶͲƌĞƐŝĚĞŶƚ͗D͗Ψϰ͘ϱϬͬŚƌWD͗ΨϰͬŚƌ
ZĞƐŝĚĞŶƚ͗DΨϰͬŚƌWD͗Ψϯ͘ϲϬͬŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗D͗Ψϰ͘ϲϬͬŚƌWD͗ΨϰͬŚƌ
<ŝĚƐ<ͲϭϮĂŵƉ ZĞƐŝĚĞŶƚ͗ΨϮ͘ϳϱͬŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϯͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϮ͘ϴϬͬŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϯ͘ϭϬͬŚƌ
Ϯz Ž Ƶ ƚ Ś ^ Ɖ Ž ƌ ƚ Ɛ
ĂƐŬĞƚďĂůů ZĞƐŝĚĞŶƚ͗Ψϲϳ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϰ
ZĞƐŝĚĞŶƚ͗Ψϲϵ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϲ
dͲĂůů ZĞƐŝĚĞŶƚ͗Ψϲϳ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϰ
ZĞƐŝĚĞŶƚ͗Ψϲϵ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϲ
sŽůůĞLJďĂůů ZĞƐŝĚĞŶƚ͗Ψϲϳ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϰ
ZĞƐŝĚĞŶƚ͗Ψϲϵ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϲ
&ůĂŐ&ŽŽƚďĂůů ZĞƐŝĚĞŶƚ͗Ψϲϳ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϰ
ZĞƐŝĚĞŶƚ͗Ψϲϵ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϲ
s/WĂƐŬĞƚďĂůů ZĞƐŝĚĞŶƚ͗ΨϱϬ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϱϱ
ZĞƐŝĚĞŶƚ͗Ψϱϭ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϱϲ
ϯ WĞĞtĞĞ^ƉŽƌƚƐ
^ƉŽƌƚƐ^ĂŵƉůĞƌ ZĞƐŝĚĞŶƚ͗Ψϰϭ
EŽŶͲZĞƐŝĚĞŶƚ͗Ψϰϱ
ZĞƐŝĚĞŶƚ͗ΨϰϮ
EŽŶͲZĞƐŝĚĞŶƚ͗Ψϰϲ
ĂƐŬĞƚďĂůů ZĞƐŝĚĞŶƚ͗ΨϱϮ
EŽŶͲZĞƐŝĚĞŶƚ͗Ψϱϳ
ZĞƐŝĚĞŶƚ͗Ψϱϯ
EŽŶͲZĞƐŝĚĞŶƚ͗Ψϱϵ
dͲĂůů ZĞƐŝĚĞŶƚ͗ΨϱϮ
EŽŶͲZĞƐŝĚĞŶƚ͗Ψϱϳ
ZĞƐŝĚĞŶƚ͗Ψϱϯ
EŽŶͲZĞƐŝĚĞŶƚ͗Ψϱϵ
ϰ ĚƵůƚ^ƉŽƌƚƐ WĞƌdĞĂŵ
ĂƐŬĞƚďĂůů;ϭϴнͿ ΨϰϬϬ Ψϰϭϭ ĂƐŬĞƚďĂůů;ϯϱнͿ ΨϮϱϬ ΨϮϱϳ ^ŽĐĐĞƌ ΨϯϱϬ Ψϯϱϵ ^ŽĨƚďĂůů Ψϯϳϱ Ψϯϴϱ ^ŽĐĐĞƌdŽƵƌŶĂŵĞŶƚƐ ΨϮϬϬ ΨϮϬϱ ^ŽĨƚďĂůůdŽƵƌŶĂŵĞŶƚƐ ΨϮϬϬ ΨϮϬϱ
ϱ ƌŽƉͲ/Ŷ
KƉĞŶ'LJŵ ΨϱͬĚĂLJ ΨϱͬĚĂLJ
WŝĐŬůĞďĂůů ΨϰͬĚĂLJ ΨϰͬĚĂLJ
ƵƌƌĞŶƚ&ĞĞͬĞƉŽƐŝƚ ϮϬϮϰhƉĚĂƚĞĚ&ĞĞ>ĞǀĞůͬĞƉŽƐŝƚ W/Ϯ͘ϳϬй&ĞĞEŽ͘ &ĞĞEĂŵĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ZĞĐƌĞĂƚŝŽŶ͕WĂŐĞϱϲŽĨϲϮ ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲZĞĐƌĞĂƚŝŽŶ
ƵƌƌĞŶƚ&ĞĞͬĞƉŽƐŝƚ ϮϬϮϰhƉĚĂƚĞĚ&ĞĞ>ĞǀĞůͬĞƉŽƐŝƚ W/Ϯ͘ϳϬй&ĞĞEŽ͘ &ĞĞEĂŵĞ
EŽƚĞƐ
ϲ ƋƵĂƚŝĐƐ
KƉĞŶZĞĐƌĞĂƚŝŽŶ^ǁŝŵ ΨϯͬĚĂLJ ΨϯͬĚĂLJ
WƵŶĐŚWĂƐƐ;ϭϱĂĚŵŝƐƐŝŽŶƐͿ ΨϯϬ Ψϯϭ /ŶĚŝǀŝĚƵĂů>ĞƐƐŽŶƐ ZĞƐŝĚĞŶƚ͗ΨϯϰͬŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϯϳͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϯϱͬŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϯϴͬŚƌ
'ƌŽƵƉ>ĞƐƐŽŶƐ ZĞƐŝĚĞŶƚ͗ΨϭϯͬŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϭϰͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϭϯͬŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϭϰͬŚƌ
:ƵŶŝŽƌ>ŝĨĞŐƵĂƌĚ ΨϱϬͬƐĞƐƐŝŽŶ ΨϱϭͬƐĞƐƐŝŽŶ
>ŝĨĞŐƵĂƌĚdƌĂŝŶŝŶŐ ΨϮϬϬͬƐĞƐƐŝŽŶ ΨϮϬϱͬƐĞƐƐŝŽŶ
ϳ ĂůůĨŝĞůĚƐ
ĂůůĨŝĞůĚǁŝƚŚŽƵƚ>ŝŐŚƚƐ;ϮͲŚŽƵƌŵŝŶͿ ,ŽƵƌůLJ
>ĞǀĞůϭ Ψϰ Ψϰ >ĞǀĞůϮ ΨϭϮ Ψϭϯ >ĞǀĞůϯ ΨϮϱ ΨϮϱ >ĞǀĞůϰ Ψϯϳ Ψϯϴ ĂůůĨŝĞůĚǁŝƚŚ>ŝŐŚƚƐ ,ŽƵƌůLJ
>ĞǀĞůϭ ΨϮϱ ΨϮϲ >ĞǀĞůϮ Ψϰϯ Ψϰϰ >ĞǀĞůϯ Ψϲϭ Ψϲϯ >ĞǀĞůϰ Ψϵϯ Ψϵϲ ƌĂŐ Ψϭϳ Ψϭϳ
ϴ &ĂĐŝůŝƚŝĞƐ
>ĂƌŐĞƵĚŝƚŽƌŝƵŵ;ϰŚƌ͘ŵŝŶͿ ZĞƐŝĚĞŶƚ͗ΨϰϱͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϱϬͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϰϲͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϱϭͬŚƌ
^ŵĂůůƵĚŝƚŽƌŝƵŵ;ϮŚƌ͘ŵŝŶͿ ZĞƐŝĚĞŶƚ͗ΨϯϵͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϰϯͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϰϬͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϰϰͬŚƌ
^ŵĂůůDĞĞƚŝŶŐZŽŽŵ;ϮŚƌ͘ŵŝŶͿ ZĞƐŝĚĞŶƚ͗ΨϯϱͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϯϵͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϯϲͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϰϬͬŚƌ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ZĞĐƌĞĂƚŝŽŶ͕WĂŐĞϱϳŽĨϲϮ ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲZĞĐƌĞĂƚŝŽŶ
ƵƌƌĞŶƚ&ĞĞͬĞƉŽƐŝƚ ϮϬϮϰhƉĚĂƚĞĚ&ĞĞ>ĞǀĞůͬĞƉŽƐŝƚ W/Ϯ͘ϳϬй&ĞĞEŽ͘ &ĞĞEĂŵĞ
EŽƚĞƐ
ϵ 'LJŵŶĂƐŝƵŵƐ
,ŽŽŬŽŵŵƵŶŝƚLJĞŶƚĞƌ;ϮŚƌ͘ŵŝŶͿ ZĞƐŝĚĞŶƚ͗ΨϭϬϬͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϭϭϬͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϭϬϯͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϭϭϯͬŚƌ
tĞƐƚǁŝŶĚƐ^ƉŽƌƚƐĞŶƚĞƌ;ϮŚƌ͘ŵŝŶͿ ZĞƐŝĚĞŶƚ͗ΨϵϬͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϵϵͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϵϮͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϭϬϮͬŚƌ
tĞƐƚǁŝŶĚƐĐƚŝǀŝƚLJĞŶƚĞƌ;ϮŚƌ͘ŵŝŶͿ ZĞƐŝĚĞŶƚ͗ΨϳϱͬŚƌ ^ƚĂŶĚĂƌĚ͗ΨϴϯͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϳϳͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϴϱͬŚƌ
ϭϬ ŽƌŝƐĂǀŝĞƐWŽŽů
ϭͲϲϬƉĞŽƉůĞ ZĞƐŝĚĞŶƚ͗ΨϮϱϬͬϯŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϮϳϱͬϯŚƌ
ZĞƐŝĚĞŶƚ͗ΨϮϱϳͬϯŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϮϴϮͬϯŚƌ
ϲϭͲϭϮϬƉĞŽƉůĞ ZĞƐŝĚĞŶƚ͗ΨϮϳϱͬϯŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϯϬϯͬϯŚƌ
ZĞƐŝĚĞŶƚ͗ΨϮϴϮͬϯŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϯϭϭͬϯŚƌ
ϭϮϭͲϭϴϰƉĞŽƉůĞ ZĞƐŝĚĞŶƚ͗ΨϯϬϬͬϯŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϯϯϬͬϯŚƌ
ZĞƐŝĚĞŶƚ͗ΨϯϬϴͬϯŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϯϯϵͬϯŚƌ
ϭϮ ZĞƐĞƌǀĞĚWŝĐŶŝĐƌĞĂƐ
>ĂƌŐĞWŝĐŶŝĐƌĞĂ ZĞƐŝĚĞŶƚ͗Ψϵϯ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϭϬϮ
ZĞƐŝĚĞŶƚ͗Ψϵϲ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϭϬϱ
DĞĚŝƵŵWŝĐŶŝĐƌĞĂ ZĞƐŝĚĞŶƚ͗ΨϳϮ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϵ
ZĞƐŝĚĞŶƚ͗Ψϳϰ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϴϭ
^ŵĂůůWŝĐŶŝĐƌĞĂ ZĞƐŝĚĞŶƚ͗Ψϰϭ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϰϱ
ZĞƐŝĚĞŶƚ͗ΨϰϮ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϰϲ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ZĞĐƌĞĂƚŝŽŶ͕WĂŐĞϱϴŽĨϲϮ ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲZĞĐƌĞĂƚŝŽŶ
ƵƌƌĞŶƚ&ĞĞͬĞƉŽƐŝƚ ϮϬϮϰhƉĚĂƚĞĚ&ĞĞ>ĞǀĞůͬĞƉŽƐŝƚ W/Ϯ͘ϳϬй&ĞĞEŽ͘ &ĞĞEĂŵĞ
EŽƚĞƐ
ϭϯ ^ŶĂĐŬĂƌZĞŶƚĂů
ZĞŶƚĂů&ĞĞ E
t ΨϭϱϬƉĞƌ^ƉŽƌƚƐ^ĞĂƐŽŶ
ĞƉŽƐŝƚ E
t ΨϮϱϬ <ĞLJZĞƉůĂĐĞŵĞŶƚ&ĞĞ E
t ΨϮϱ
ϭϰ dŽƵƌŶĂŵĞŶƚƐ
&ŝĞůĚǁŝƚŚŽƵƚ>ŝŐŚƚƐ ,ŽƵƌůLJ
>ĞǀĞůϭ E
t Ψϭϯ >ĞǀĞůϮ E
t ΨϮϱ >ĞǀĞůϯ E
t Ψϯϴ &ŝĞůĚǁŝƚŚ>ŝŐŚƚƐ ,ŽƵƌůLJ
>ĞǀĞůϭ E
t Ψϰϰ >ĞǀĞůϮ E
t Ψϲϯ >ĞǀĞůϯ E
t Ψϵϲ
ϭϱ DŝƐĐĞůůĂŶĞŽƵƐ&ĞĞƐ
ZĞĨƵŶĚWƌŽĐĞƐƐŝŶŐ&ĞĞ;ƉĞƌŽĐĐƵƌƌĞŶĐĞͿ ϭϱΨ ϭϱΨ &ĂĐŝůŝƚLJhƐĞΘ^ƉĞĐŝĂů
ǀĞŶƚ^ƵƉƉŽƌƚ&ĞĞƐ
&ƵůůdŝŵĞ^ƚĂĨĨ ϭϮϬΨ ϭϮϯΨ WĂƌƚdŝŵĞ^ƚĂĨĨ ϱϮΨ ϱϯΨ WŽƌƚĂWŽƚƚŝĞƐ WĞƌǀĞŶĚŽƌĐŽŶƚƌĂĐƚ WĞƌǀĞŶĚŽƌĐŽŶƚƌĂĐƚ
ĂŵĂŐĞĞƉŽƐŝƚ
&ĂĐŝůŝƚLJǁŝƚŚŽƵƚĂůĐŽŚŽů ϮϬϬΨ ϮϬϬΨ &ĂĐŝůŝƚLJǁŝƚŚĂůĐŽŚŽů ϱϬϬΨ ϱϬϬΨ ^ĞĐƵƌŝƚLJ WĞƌǀĞŶĚŽƌĐŽŶƚƌĂĐƚ WĞƌǀĞŶĚŽƌĐŽŶƚƌĂĐƚ
/ŶƐƵƌĂŶĐĞ WĞƌǀĞŶĚŽƌĐŽŶƚƌĂĐƚ WĞƌǀĞŶĚŽƌĐŽŶƚƌĂĐƚ
WƌĞŵŝƵŵŚĂŝƌĂŶĚdĂďůĞZĞŶƚĂůƐ Ϯ E
t WĞƌdĂďůĞ͗Ψϲ
WĞƌŚĂŝƌ͗Ψϭ
^ƉĞĐŝĂů
ǀĞŶƚWĞƌŵŝƚ&ĞĞ E
t ϭϱϬΨ sĞŶĚŽƌ^ƉŽƚĂƚŝƚLJ
ǀĞŶƚ;ϭϬΖdžϭϬΖƚŚͿ
^ƉƌŝŶŐ&ĞƐƚŝǀĂů E
t
&ŽŽĚ͗Ψϲϱ
ZĞƚĂŝů͗Ψϰϱ
EŽŶͲƉƌŽĨŝƚ^ŽĐŝĂů^ĞƌǀŝĐĞ͗Ψϯϱ
dƌĞĞ>ŝŐŚƚŝŶŐ E
t
&ŽŽĚ͗Ψϰϱ
ZĞƚĂŝů͗Ψϯϱ
EŽŶͲƉƌŽĨŝƚ^ŽĐŝĂů^ĞƌǀŝĐĞ͗E
ŽŶĐĞƌƚƐŝŶƚŚĞWĂƌŬ E
t
&ŽŽĚ͗ΨϳϱĞĂͬΨϮϳϱƐĞƌŝĞƐ
ZĞƚĂŝů͗ΨϱϬ
EŽŶͲƉƌŽĨŝƚ^ŽĐŝĂů^ĞƌǀŝĐĞ͗E
&Ăůů&ĞƐƚŝǀĂů E
t
&ŽŽĚ͗ΨϮϬϬ
ZĞƚĂŝů͗ΨϭϬϬ
EŽŶͲƉƌŽĨŝƚ^ŽĐŝĂů^ĞƌǀŝĐĞ͗ΨϱϬ
sŝĐƚŽƌǀŝůůĞ^ŝŶŐƐƵĚŝƚŝŽŶƐ E
t ΨϭϬ ϭϱ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶ ĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJďƵƌĚĞŶĞĚŚŽƵƌůLJ ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨ
ƚŝŵĞƌĞƋƵŝƌĞĚƚŽƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
&ƵůůdŝŵĞ ϭϭϵΨ ϭϮϮΨ WĂƌƚdŝŵĞ ϱϭΨ ϱϯΨ EŽƚĞƐ
ϭ &ŝŶĞͬWĞŶĂůƚLJ
Ϯ KƉƚŝŽŶĂů͗WůƵƐƐƚĂĨĨƚŝŵĞƚŽƐĞƚƵƉͬƚĞĂƌĚŽǁŶ;ŝĨŶĞĞĚĞĚͿ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ZĞĐƌĞĂƚŝŽŶ͕WĂŐĞϱϵŽĨϲϮ /ŶĚƵƐƚƌŝĂůWƌĞƚƌĞĂƚŵĞŶƚ
ϭ ŶŶƵĂůWĞƌŵŝƚ&ĞĞƐďLJ/ŶĚƵƐƚƌŝĂůhƐĞƌ
ƌ͘WĞƉƉĞƌ^ŶĂƉƉůĞ'ƌŽƵƉ;W^'Ϳ ĨůĂƚ ϴ͕ϰϰϳΨ ϴ͕ϰϰϳΨ WůĂƐƚŝƉĂŬ ĨůĂƚ ϲ͕ϲϬϳΨ ϲ͕ϲϬϳΨ &ĞĚĞƌĂůƵƌĞĂƵŽĨWƌŝƐŽŶƐ;&KWͿ ĨůĂƚ ϲ͕ϲϬϳΨ ϲ͕ϲϬϳΨ /ŶƚůĞƌŽƐƉĂĐĞŽĂƚŝŶŐƐ;/Ϳ ĨůĂƚ ϰ͕ϲϭϯΨ ϰ͕ϲϭϯΨ Ϯ EŽŶĐŽŵƉůŝĂŶĐĞĂŶĚWƌĞƚƌĞĂƚŵĞŶƚWůĂŶŚĞĐŬ&ĞĞƐ
EŽŶĐŽŵƉůŝĂŶĐĞ&ĞĞĨŽƌ
ĂĐŚ^ĂŵƉůĞŶĂůLJƐŝƐŝŶĚŝĐĂƚŝŶŐǀŝŽůĂƚŝŽŶ;ƐͿŽĨůŝŵŝƚƐŝŶ ƉĞƌŵŝƚ͘ ĨůĂƚ ϰϴϬΨ ϰϴϬΨ EŽŶĐŽŵƉůŝĂŶĐĞ&ĞĞĨŽƌ
ĂĐŚ^ĂŵƉůĞŶĂůLJƐŝƐEŽƚ^ƵďŵŝƚƚĞĚďLJhƐĞƌŝŶŽŵƉůŝĂŶĐĞ ǁŝƚŚŝƚLJΖƐWƌŽŐƌĂŵ ĨůĂƚ ϰϴϬΨ ϰϴϬΨ ϯ ĚŵŝŶŝƐƚƌĂƚŝǀĞKƌĚĞƌƐ
^ƚŽƉtŽƌŬKƌĚĞƌ ĨůĂƚ ϴϬϬΨ ϴϬϬΨ ŽŵƉůŝĂŶĐĞKƌĚĞƌ ĨůĂƚ ϴϬϬΨ ϴϬϬΨ ĞĂƐĞĂŶĚĞƐŝƐƚKƌĚĞƌ ĨůĂƚ ϭ͕ϮϴϬΨ ϭ͕ϮϴϬΨ ĞĂƐĞŝƐĐŚĂƌŐĞKƌĚĞƌ ĨůĂƚ ϭ͕ϮϴϬΨ ϭ͕ϮϴϬΨ dĞƌŵŝŶĂƚŝŽŶŽĨ^ĞƌǀŝĐĞ ĨůĂƚ Ϯ͕ϱϲϬΨ Ϯ͕ϱϲϬΨ ϰ
ŶĨŽƌĐĞŵĞŶƚĐƚŝŽŶ&ĞĞƐWĞŶĂůƚLJ&ĞĞƐ
/ŶƐƉĞĐƚŝŽŶ ĨůĂƚ ϭ͕ϵϬϬΨ ϭ͕ϵϬϬΨ EKsͬ/ŶƐƉĞĐƚŝŽŶ ĨůĂƚ ϯ͕ϭϴϬΨ ϯ͕ϭϴϬΨ KďƚĂŝŶŝŶŐ/ŶƐƉĞĐƚŝŽŶtĂƌƌĂŶƚ ĨůĂƚ ϯϮϬΨ ϯϮϬΨ ŽŵƉůŝĂŶĐĞDĞĞƚŝŶŐ ĨůĂƚ ϭ͕ϲϬϬΨ ϭ͕ϲϬϬΨ
ŶĨŽƌĐĞŵĞŶƚ,ĞĂƌŝŶŐ ĨůĂƚ Ϯ͕ϱϲϬΨ Ϯ͕ϱϲϬΨ ϱ WƌĞƚƌĞĂƚŵĞŶƚWůĂŶŚĞĐŬ&ĞĞƐ
^ĂŵƉůŝŶŐDĂŶŚŽůĞ ĨůĂƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ŝƐĐŚĂƌŐĞ&ůŽǁŵĞƚĞƌ ĨůĂƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
'ƌĂǀŝƚLJ^ĞƉĂƌĂƚŝŽŶ/ŶƚĞƌĐĞƉƚŽƌ ĨůĂƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ KƚŚĞƌWƌĞƚƌĞĂƚŵĞŶƚ&ĂĐŝůŝƚŝĞƐ ĨůĂƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϲ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ /ŶĚƵƐƚƌŝĂůWƌĞƚƌĞĂƚŵĞŶƚ͕WĂŐĞϲϬŽĨϲϮ /dzK&s/dKZs/>>
y,//d
FIRE AND RESCUE DIVISION
3650 SCHRIEVER AVENUE, MATHER, CA 95655
(916) 845-8711 TELEPHONE (916) 845-8396 FAX
GAVIN NEWSOM
GOVERNOR
NANCY WARD
DIRECTOR
MARCH 1, 2024
TO: CALIFORNIA FIRE AND RESCUE MUTUAL AID SYSTEM AGENCIES
SUBJECT: Updated 2024 Rate Letter effective March 1, 2024, for any and all California Fire Assistance Agreement (CFAA) orders and requests.
Dear Chief:
The following reimbursement rates apply to responses under the terms and conditions of the CFAA for the period beginning March 1, 2024.
Personnel Base Rates: These rates ONLY apply if your agency does NOT have rates on file.
x Overhead at or above Strike Team/Task Force Leader: $34.59 (ST) $51.89 (OT) per hour x Engine Company and Overhead at or below
Strike Team/Task Force Leader (Trainee): $27.77 (ST) $41.66 (OT) per hour
NOTE: Base Rates are required to be shown at straight time (ST) on the annual salary survey; however, agencies will be reimbursed at an overtime rate (OT) of time and one half at invoicing for base rates. Both straight and overtime rates are reflected above.
The following apparatus rates will apply to responses effective at the time of initial dispatch:
There is a 16-hour maximum allowable charge per 24-hour period from the time of initial dispatch:
Emergency Apparatus Rates
Typing Hourly
Type I $173.47
Type II $163.55
Type III $156.74
Type IV – VII $150.47
Water Tender Tactical I $148.07
Water Tender Tactical II $127.21
Reimbursement shall be calculated on a daily basis for local jurisdiction support equipment:
Support Equipment Rates
Government Owned Vehicles Daily
Sedan $226.00
Pickup $166.00
Van $309.00
SUV $279.00
Other (3/4 ton & above) $265.00
FIRE AND RESCUE DIVISION
3650 SCHRIEVER AVENUE, MATHER, CA 95655
(916) 845-8711 TELEPHONE (916) 845-8396 FAX
March CFAA 2024 Rate Letter
March 1, 2024
Privately Owned Vehicle rate will be reimbursed on a per mile basis:
Rental Vehicle rates will be reimbursed using the state rates below based on incident position.
Class types in the Rent-A-Truck Rates section will be charged an additional $.20 per mile for all miles travelled*:
Lodging, Meals, and Incidentals will be reimbursed at the rates below:
Privately Owned Vehicle Rate
$0.655
Rent-A-Car Rates
Class Type Daily Weekly
Compact Sedan $40.54 $170.28
Mid-Size/Intermediate $40.54 $170.28
Standard Sedan $41.89 $175.92
Full Size Sedan $41.89 $175.92
Hybrid Electric Vehicle $50.48 $252.39
Plug-In Hybrid/Zero Emission $58.00 $289.98
Compact SUV $59.07 $295.35
Medium SUV $80.55 $402.75
Compact Pickup Truck / 1/2-ton
Pickup Truck
$69.81 $322.20
Rent-A-Truck Rates*
¾ Ton Pickup Truck w/Tow $91.29 $547.74
1-Ton Truck $107.41 $644.40
Mini Van $59.07 $295.35
Large Van $134.25 $671.25
Mini-Cargo Van $77.46 $387.28
15’ Cutaway Box Van w/Ramp $82.15 $410.76
16’ Box Truck $99.75 $498.77
24’ Box Truck $117.36 $586.79
26’ Box Truck $117.36 $586.79
14’ – 16’ Stake Bed $99.75 $498.77
20’ – 24’ Stake Bed $117.36 $586.78
Lodging Rate
$184.00
*Reimbursed up to a ceiling of 150%
Meal and Incidental Rates
Breakfast $17.00
Lunch $18.00
Dinner $34.00
Incidentals $5.00
FIRE AND RESCUE DIVISION
3650 SCHRIEVER AVENUE, MATHER, CA 95655
(916) 845-8711 TELEPHONE (916) 845-8396 FAX
March CFAA 2024 Rate Letter
March 1, 2024
The de minimis administrative rate will be added to the total of approved reimbursements unless an agency specific rate is submitted:
REQUIRED SIGNATURE:
Fire agency’s authorized representative MUST sign all required rates and forms in MARS, to the best of their knowledge and belief, and UNDER PENALTY OF PERJURY, the annual salary survey agreeing to comply with the terms and conditions of the Agreement, as well as the cooperator agency’s internal accounting and expense reimbursement standards. Fire agencies will be required to accept either the base rate(s), and/or the fire agency’s salary rates through the required signature process.
The CFAA requires each local fire agency to provide a yearly salary survey. If the California Governor’s Office of Emergency Services (Cal OES) does not receive a signed 2024 Salary Survey from your agency’s authorized representative indicating your agency’s rates, Cal OES will have no basis to process an invoice back to your agency for payment for any responses ordered and requested through the CFAA.
REVIEW:
Fire agencies will be required upon request to provide Cal OES supporting documentation used to establish rates and method of pay. Cal OES will request yearly samples from selected agencies for review by Cal OES and the Committee. Upon request, the fire agency will have thirty (30) calendar days to provide Cal OES with required information. The process does not supersede the Examination and Audit process as outlined in this Agreement.
For any questions regarding the updated March 1, 2024 annual Rate Letter or the Instructions for Completing the Cal OES Salary Survey in MARS, please contact the Fire and Rescue Division support staff at (916) 845-8711 or by email at [email protected] or [email protected]. If you have questions regarding the management and oversight of the CFAA, please contact Deputy Chief Lori Lopez at [email protected].
Sincerely,
Lori Lopez
Deputy Chief of Administration
California Governor’s Office of Emergency Services
Fire and Rescue Division
De minimis Administrative Rate
10.00%
/dzK&s/dKZs/>>
y,//d
State of California
California State Transportation Agency
Department of Transportation
Division of Construction
Labor Surcharge
and Equipment Rental Rates
(Cost of Equipment Ownership)
Effective April 1, 20 through March 31, 202
Table of Contents
Labor Surcharge ..................................................................................A Overtime and Multiple Shifts ................................................................C DelayV ............................... ...............................................D Daily Extra Work Bill ............................................................................D Attachments ..........................................................................................1 AIRCP Air Compr essors ..................................................................................1 AIRDL Air Drills , Crawler .................................................................................1 AIRTO Air Tools ...............................................................................................1 ASDSP Asphalt Dike and Shoulder Pavers ......................................................2 ASPAV Asphalt Pavers .....................................................................................2 ASPWP Asphalt Windrow/Pickup Machines.......................................................3 AUGCL Augers, Craw ler Mounted .....................................................................3 AUGHZ Augers, Horizontal ................................................................................3 AUGTK Augers, Truck Mounted.........................................................................3 BITDT Bituminous Distributors ........................................................................4 BRMSW Brooms and Sw eeping Equipment........................................................4 BRUCP Brush Chipping and Shredding Machines ............................................4 COMHG Compactor s, Hand Guided ...................................................................4 CONMX Concrete Mixers................................................................................... CONPM Concrete Pumps ...................................................................................5 CONSF Concrete Slipform Pavers .....................................................................5 CONVB Concrete Vibrators ................................................................................5 CRBEX Curb Extru sion Machines......................................................................5 CRBSF Concrete Barrier Slipform Pavers .........................................................5 ELGEN Electric Generat ors and Light Plants ....................................................6 ELTOL Electric P owered Hand Tools................................................................6 FKLFT Fork Lift Trucks ....................................................................................6 GRADR Graders .................................................................................................6 HAMMR Hammers, Demolition and Pile .............................................................7 HCECL Hydraulic Cranes and Excavators, Crawler Mounted...........................8 HCESP Hydraulic Cranes and Excavators, Self Propelled................................1 HCETD Hydraulic Cranes and Excavators,Truck Mounted withCarrier HCETG Hydraulic Cranes and Excavator Truck MTD less Carrier ...................15 HYLFT Hydraulic Personnel Lifts and Aerial Work Platforms ..........................1 LDRCL Loaders, Crawler ..................................................................................1 LDRRT Loaders, Rubber Tire ...........................................................................1 7 LEADS Leads, Pile Driving ...............................................................................20 NONOP Non-Operated Equipment (dailyrates) ......................................2 PGDIA Pavement Grinders, Diamond Blade ....................................................2 PGT-C Pavement Grinders, Tungsten-Carbide Bits ........................................2 2 PUMWA Pumps, Water.......................................................................................2 ROL-2 Rollers, Tandem Steel Wheels ............................................................2 3 ROLRT Rollers, Rubber Tire, Self Propelled ....................................................2 4 ROTAM Roller-Tapping, Segmented, Sheepsfoot, Self Propelled ....................2 4 ROTAT Rollers-Tamping, Segmented, Sheepsfoot Towed...............................2 ROVIB Rollers, Vibratory, Self Propelled..........................................................2 S&CCL Shovels and Cranes, Crawler ...............................................................2 S&CTK Shovels and Cranes , Truck Mounted ...................................................28 SANBL Sand Blast ing Equipment......................................................................28 SAWCH Saws, Chain and Earth Auger Attachment ...........................................2
SAWCO Saws, Concrete and Masonry.............................................................2
SCRSP Scrapers,Se lf Propelled .......................................................................2
TRACC Tractors,Crawler.................................................................................. TRACH Tractors, Heavy ....................................................................................3 1 TRACS Tractors R, ubber Tire, Industrial, Farm and Skid Steer .......................3 TRAFA Traffic Control and Safety Devices (hourly rates).................................3 TRAFC Traffic Control and Safety Devices (daily rates) ...................................3 TRAIL Trailers Equ, ipment, Low Bed...............................................................3 TRAIT Trailers Equ, ipment, Tilt Bed.................................................................3 TRENC Trenching Machines..............................................................................3 TRUCK Truck, Truck Trailers, EXCL Dump Trucks and EQPT Trail .................3 TRUOF Trucks, Off Highway..............................................................................3 TRUON Trucks, Dump, On-highway ..................................................................3 WELD Welding Equipment...............................................................................3
THIS PAGE LEFT INTENTIONALLY BLANK
FOR DOUBLE-SIDED PRINTING
USER'S GUIDE
FOR LABOR SURCHARGE AND EQUIPMENT RENTAL RATES
April 1, 202 - March 31, 202
Equipment Rental Rates are available on the Internet at:
http://www.dot.ca.gov/programs/construction/equipment-rental-rates-and-labor-surcharge Miscellaneous Equipment Rental Rates are available on the Internet at:
KWWSV
ZZZGRWFDJRYSURJUDPVFRQVWUXFWLRQHTXLSPHQWUHQWDOUDWHVDQGODERUVXUFKDUJH The miscellaneous listing is updated daily.
Changes
Books are no longer available in hard copy and should be downloaded from the internet and printed.
Changes to the equipment rates in the April 1, 202 book are the result of: 1) fuel costs GHcreased; 2) interest rates LQcreased; 3) Producers' Price Index increased; 4) increase in sales tax; and 5) no change in freight (F.O.B.) rates.
Labor Surcharge
The labor surcharge compensates the contractor for statutory payroll items stipulated by various governmental agencies. The six items included are worker’s compensation, social security, Medicare, Federal unemployment insurance, State unemployment insurance, and State training taxes. The general rate is an average of the job classifications common to Caltrans projects. The labor surcharges in the April 1, 202 book are the result of some changes in worker's compensation rates. The rates were derived from using the pure premium rate approved by the Insurance Commissioner effective 6HSWHPEHU 1, 202 and increasing it by the historical statewide average expense. In the calculation of the labor surcharge for overtime work, the worker's compensation is not included on the premium portion of overtime, as provided by worker's compensation regulations.
The surcharge percentage to be applied to the actual wages paid as provided in Section 9-1.04B [9-1.03A(1b)] of the Standard Specifications will be
percent for regular time (RT) and
percent for overtime (OT).
Exceptions to the general rate are listed below. These classifications were chosen because of high worker’s compensation insurance costs. Forward questions, regarding worker’s compensation rating and proper labor surcharge usage, to the rental rate personnel in the Division of Construction.
A
EXCEPTIONS
Type of Work Performed Labor Surcharge Percent
RT OT
Concrete Construction - Bridge..........................................................................
Drilling ................................................................................................................ 1 1 Fence & Guardrail Construction .........................................................................
Erection of structural metal for metal bridges, excluding sign bridge ............... 1 1 Landscape Gardener ...........................................................................................
Mobil Crane & Hoist Service............................................................................. 12 1 Painting Steel Structures or Bridges ................................................................... 1 1 Pile Driving, not including drilled, cast-in-place concrete piles ........................ 1 1 Sign Erection or Repair ..................................................................................... 13 1 Wrecking & Demolition ..................................................................................... 1 1 An appropriate labor surcharge will be established by the Division of Construction for work that is determined by the resident engineer to be covered by Longshoreman and Harbor Worker’s Act.
B
Background
By the authority described in Section 9-1.04 [9-1.03A] of the Standard Specifications, compensation for work paid by force account is determined to be the total of the direct equipment costs (rental rate) plus a 15 percent markup for all overhead not included as direct costs. The direct costs include fuel, oil, lubrication, supplies, small tools, necessary attachments, repairs and maintenance, depreciation, storage, cost of facilities capital, overhaul and all incidentals. The labor costs required to provide the above listed items are also included. The operator cost is not included in the equipment rate.
The calculated rate represents the cost of owning and operating the equipment, which is likely to be lower than the rate charged by a rental yard. The rental yard rate may include additional overhead and profit as well as a premium for short-term rentals. In certain situations, factors are applied to the calculated rates to provide ownership-only rates for delay situations or operating-only rates for overtime situations. The rates are calculated using factors for the direct cost items described above.
The factors represent an average and are applied to all makes and models of equipment within the class. All rates are hourly, unless stated otherwise.
Overtime and Multiple Shifts
Certain equipment costs are fixed on an annual basis, no matter how many hours are worked. Once an estimate of the costs and hours of use is made, a rate can be determined. When more than the estimated number of hours are worked (Overtime or Multiple Shift), a duplication of payment occurs on the fixed cost portion of the equipment rate.
In order to avoid this duplication, Caltrans uses a reduced rate for the Overtime or Multiple Shift situations. The definition of Overtime or Multiple Shift periods is:
Overtime hours occur after the equipment has worked at force account, eight hours per day (or after the daily equivalent of forty hours per week for special work schedules - 4/10 or 9/80).
Multiple shift hours will be paid at the same rate as overtime hours.
The hours shown on the Daily Extra Work Bill will determine when the Overtime and Multiple Shift is to be used. When the hours worked on force account are eight or less, straight time rates will be used . When the hours worked on force account are more than eight, Overtime and Multiple Shifts rates will be used. Saturday, Sunday or holiday work will be paid at the overtime rate except in those cases where these days are considered working days in the special provisions.
Be advised the computed overtime rates are no longer rounded and now equal the product of the straight time rate and overtime factor. The Overtime and Multiple Shift Factors are recalculated annually to reflect changes in the operating costs.
C
Delays
As described in Section 8-1.07C [8-1.09] of the Standard Specifications, the Delay Factor may be applied to the equipment rental rate. The Delay Factor may be the basis for compensation for idle equipment time on an excusable delay. The factor has been calculated to include the ownership costs without including operating costs. The Delay Factor recovers all the contractor's non-operating costs in an eight-hour day. If payment is made for equipment on an excusable delay, it is limited to eight hours per day or forty hours per week maximum.
The NONOP class for non-operated items and the TRAFC class for traffic safety devices have been separated from traditional "rolling stock" equipment when calculating the Delay Factor. These classes are comprised of items whose depreciable lives are related to the number of uses per year, rather than the number of hours per year. Accordingly, the reasonable compensation for the contractor's actual loss has been estimated to equal the cost of facilities capital. It should be recognized that these items must be out of service before the Delay Factor is applied. For example, if work behind K-rail is delayed, the K-rail should be paid straight time until it is no longer controlling traffic.
Any use of this factor must have the prior approval of the resident engineer. The Delay Factor is recalculated annually to reflect changes in the operating costs.
Use of Daily Extra Work Bill
Identification codes and rates are intended to be used with the Department’s Internet change order billing system. The class is abbreviated using a 5-digit alpha-code, the make (manufacturer), a 4- digit alpha-code, and the code a 7-digit alpha-numeric code. All three codes must be used to define the equipment when using the automated pay system. Since the majority of items are described by per hour rates, each line has an entry for hours with an allowable maximum of 24. Special items with other than hourly rates should be appropriately checked and then entered in the Regular Hours column. For example, 50 Traffic Cones used 3 days (converts to 1.5, 100-cone-days) requires 1.5 be entered in the Regular Hours column. Note that any entry in the Delay Factor column will automatically apply the Delay Factor to every equipment entry on the current report.
Whenever an identification code cannot be found or the rate for a particular date of work performed is not available, updated information should be requested from the resident engineer. It is the resident engineer's responsibility to establish rates for equipment not found in the Labor Surcharge and Equipment Rental Rates publication. Support for this determination is available from both District and Headquarters Construction Offices. Rates are regularly superseded during contract periods, so avoid the use of old publications or expired rates.
The equipment is presented with a standard configuration capable of performing work commonly encountered on Caltrans projects. Special attachments or accessories are described under the classification heading in the Labor Surcharge and Equipment Rental Rates publication. Attachments other than those described by these remarks will be paid only upon direction of the resident engineer.
D
1 ATTACHMENTS AIR COMPRESSOR
AIR DRILLS, CRAWLER
AIR TOOLS
TRACTOR ATTACHMENTS -including power control units and accessories necessary to provide a functional attachment. Dozer blades are included in the standard configuration for both crawler and heavy, rubber tire tractors.
Rippers are listed from R1 to R8 and Winches for logging or towing are listed from S1 to S5. Equipment model groups are as follows:
1. Case 300 Thru 800 Series, Cat D-2 thru D-4, Deere 400 & 450, Dresser TD-7, TD-8 and TD-9, Fiat-Allis FD-5 Thru FD-7, Komatsu D21E Thru D37P, Liebherr PR711 & PR721.
2. Case 1150, Cat D-5, Deere 750, Dresser TD-12, Fiat-Allis FD9 & 10, Komatsu D58P, Liebherr PR731.
3. Case 1450 and 1550, Cat D-6, Deere 850, Dresser TD-15, Komatsu D63PE Thru D68P, Liebherr PR741.
4. Cat D-7 & 814, Dresser TD-20, Fiat-Allis 14 & FD14, Komatsu D83P, Terex 82-30
5. Cat D-8 & 824, Dresser TD-25, Fiat-Allis FD20 Komatsu D135A, Terex 82-40 Michigan 280, Raygo CHD 17 & CD-500.
6. Cat D-9 & 834, Fiat-Allis FD30, Raygo CHD 24 & CD 800.
7. Cat D-10, Dresser TD-40, Fiat-Allis FD40, Komatsu 375, Michigan 380, Raygo CDH 30.
8. Cat D-11, Fiat-Allis FD50, Komatsu 475
All types of self contained units, regardless of power (gas, diesel and lpg) or type of compression (reciprocating, screw and vane). The listed rates include
15.2 meters (50 lineal feet) of hose, all hose whips, fittings, couplings and any compressor attachments. Listed in accordance with mfr's rated capacity in liters per second (cubic feet per minute) at 7 bar (100 psi).
All types, pneumatically propelled, including attachments. Expendable carbon drill steel, bits and shanks shall be paid by separate invoice. Rated in accordance with the cylinder bore diameter in millimeters(inches).
All types including paving breakers, clay spades and diggers, sinker rock drills, trench diggers, sheeting/spike drivers, backfill tampers and hand held grinding tools. Expendable drill steel, bits and breakers points, grinding wheels and shanks shall be paid by separate invoice. Rated by tool weight in kilograms (pounds), determined in accordance with the mfr's specifications. [ AIRCP ]
[ AIRDL ]
[ AIRTO ]
DELAY FACTOR = 0.13 OVERTIME FACTOR = 0.89
DELAY FACTOR = 0.49 OVERTIME FACTOR = 0.55
DELAY FACTOR = 0.62 OVERTIME FACTOR = 0.40
PORTABLE
CRAWLER DRILLS
AIR TOOLS
Model
OVER TO
OVER TO
OVER TO
[ PORT ]
[ C L R ]
[A T O L ]
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Clam action bucket 1 CY & Less
Clam action Over 1 CY to 2 CY
Clam action Over 2 CY to 3.5 CY
Clam action Over 3.5 CY to 5 CY
Clam action bucket Over 5 CY
Ripper on No. 1 models
Ripper on No. 2 models
Ripper on No. 3 models
Ripper on No. 4 models
Ripper on No. 5 models
Ripper on No. 6 models
Ripper on No. 7 models
Ripper on No. 8 models
Winch on No. 1 models
Winch on No. 2 models
Winch on No. 3 models
Winch on No. 4 models
Winch on No. 5 models
Lift gate
Pump, water truck only
Winch, truck
Gas welding hose per 15.2 m (50 lf)
Elec welding lead per 30.5 m (100 lf)
0 19 (40)
19 (40) 76 (160)
76 (160) 118 (250)
118 (250) 212 (450)
212 (450) 354 (750)
354 (750) 566 (1200)
566 (1200) 708 (1500)
0 100 (4)
100 (4) & Over
0 4.5 (10)
4.5 (10) 9.1 (20)
9.1 (20) 13.6 (30)
13.6 (30) 18.1 (40)
18.1 (40) 27.2 (60)
27.2 (60) & Over
C1
C2
C3
C4
C5
R1
R2
R3
R4
R5
R6
R7
R8
S1
S2
S3
S4
S5
TG
TP
TW
WH
WL
000-004
004-016
016-025
025-045
045-075
075-120
120-150
0-4
5 0-10
10-20
20-30
30-40
40-60
60 $5.27
$9.25
$13.40
$19.10
$26.40
$3.17
$4.14
$6.91
$7.81
$12.81
$20.26
$23.51
$39.19
$3.76
$5.61
$7.43
$9.53
$16.69
$1.08
$7.46
$0.40
$0.02
$0.23
$6.86
$25.49
$27.47
$47.34
$78.74
$114.11
$149.04
$32.27
$33.05
$0.50
$0.54
$0.99
$1.15
$1.25
$1.77
EQUIPMENT RENTAL RATE
NOTE--THE FOLLOWING RATES ARE IN EFFECT FROM APRIL 1, 2024 THROUGH MARCH 31, 2025 2 ASPHALT DIKE & SHOULDER PAVERS
ASPHALT PAVERS
Includes all attachments, accessories and automatic grade and line control.
Includes all attachments, accessories and automatic grade and line control. [ ASDSP ]
[ ASPAV ]
DELAY FACTOR = 0.10 OVERTIME FACTOR = 0.92
DELAY FACTOR = 0.16 OVERTIME FACTOR = 0.87
A.C. DIKE COMPANY
ASPHALT PAVING COMPANY
BLAW-KNOX
DELTA
BARBER-GREENE
BLAW-KNOX
CATERPILLAR
CEDAR RAPIDS
LAYTON
Model
Model
Model
Model
Model
Model
Model
Model
Model
[ ACDC ]
[A P C O ]
[ B-K ]
[ DLTA ]
[ B-G ]
[ B-K ]
[ CAT ]
[ CEDR ]
[L Y T N ]
Code
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
No. 1
No. 2
Nos. 43, 44
E-1
E-2, E3
RW-35 / 38
RW-85
RW-95
RW-100
RW-195D
DC-1
BG 220
BG 225
BG 240
BG 245
BG 260
BG 260B
BG 265
RT 435, 4wd
RT 445, 4wd
RT 455, 4wd
RT 455, 4wd, 10-20' screed
RT 465, 4wd
SA 125
SB 131
SB 140
SA 141
SA 145
SA 150
SB 170
PF-22
PF-35
PF-115
PF-120H
PF-171
PF-180
PF-180H
PF-200
PF-200, 18' screed
PF-220
PF-400A
PF-500
PF-500, 18' screed
PF-510, 18' screed
PF-3172, 18' screed
PF-3200
PF-5510
AP-200
AP-800
AP-1050
AP-1000
AP-1000 4wd
AP-1055B
AP-1055D
AP-1200
BSF-2H
BSF-3R
CR-351
CR-351 4wd
CR-361R (RUBBER TRACK)
CR-431
CR-551
CR-461
CR-561
F-525
D-550
H-500B
4050
4052
4054
4000
4002
4075
4077
4079
4081
4083
4095
0805
0810
0815
0820
0825
0826
0830
0905
0925
0945
0955
0965
1419E
1420
1425
1430
1432
1435
1440
1490
1550
1750
2010
2090
2100
2204
2250
2252
2300
2350
2404
2406
2407
2408
2410
2415
2420
2430
2431
2435
2436
2438
2438D
2440
2550
2600
2668A
2668B
2668R
2669
2670
2672
2674
2680
2682
2684
$103.69
$77.01
$95.64
$131.57
$236.55
$89.48
$51.83
$82.69
$131.31
$182.89
$181.33
$110.00
$117.84
$130.49
$140.78
$171.96
$213.06
$190.23
$140.77
$133.64
$131.59
$135.54
$178.01
$105.87
$130.72
$164.44
$114.06
$138.03
$176.59
$183.62
$50.03
$90.19
$134.49
$127.16
$188.19
$92.19
$198.58
$201.22
$204.27
$206.68
$176.20
$223.85
$227.12
$232.66
$189.72
$260.09
$272.74
$58.84
$140.55
$216.68
$212.78
$219.11
$266.88
$340.46
$182.57
$120.16
$135.52
$183.33
$188.36
$218.89
$155.50
$246.42
$244.18
$256.92
$28.48
$31.11
$7.54
3 ASPHALT WINDROW PICKUP MACHINE
AUGERS, CRAWLER MOUNTED
AUGERS, HORIZONTAL
AUGERS, TRUCK MOUNTED
Includes all attachments and accessories.
Includes carrier, attachments and accessories with up to 6.1 meters(20 feet) of auger flights. Consumable bits or tips to be paid by separate invoice.
Includes all attachments and accessories with up to 9.1 meters(30 feet) of auger flight, track and/or pipe pusher. Consumable bits or tips shall be paid by separate invoice. Power unit is included.
Includes truck/carrier, all attachments and accessories with up to 6.1 meters(20 feet) of auger flight. Consumable bits or tips shall be paid by separate invoice. [ ASPWP ]
[ AUGCL ]
[ AUGHZ ]
[ AUGTK ]
DELAY FACTOR = 0.07 OVERTIME FACTOR = 0.95
DELAY FACTOR = 0.26 OVERTIME FACTOR = 0.76
DELAY FACTOR = 0.25 OVERTIME FACTOR = 0.77
DELAY FACTOR = 0.20 OVERTIME FACTOR = 0.81
ATHEY
BARBER-GREENE
CATERPILLAR
CLARK'S WELDING COMPANY
C.M.I.
BAYSHORE
TEXOMA
WATSON
AKKERMAN
AMERICAN AUGER
BORZALL
DITCH WITCH
ATLANTIC
CALWELD
HUGHES
Model
Model
Model
Model
Model
Model
Model
Model
Model
Model
Model
Model
Model
Model
Model
[ ATHY ]
[ B-G ]
[ CAT ]
[ CLAR ]
[ C M I ]
[ BYSH ]
[ TXMA ]
[W A T S ]
[A K M N ]
[ AMAU ]
[B O R Z ]
[ D - W ]
[ ATLN ]
[ CALW ]
[ HUGH ]
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
7-11
BG-610H
WE-601B
500
601
Lincoln 660
851
8400 TD limited access
TAURUS
700CL
2000CM
2500CM
3000CM
3100CM
360
420 series 1250
36-350
2300-10
4265-10
2510
LDH-80
LDH-100
LLDH-80
LLDH-120
150-A
200
4500LH
EZ 112
EZ 120
LDH-100
LDH-80
LLDH-120
LLDH-80
5000
5100
5200
5300
5304
5305
5405
1500
2010
2100
2500
2505
2510
2515
5000
5002
5014
5040
5042
5040
5000
5005
5010
5015
5050
5052
5054
5070
5071
5072
5074
5076
5078
$127.40
$84.24
$96.96
$73.70
$70.95
$128.61
$122.79
$143.31
$293.14
$164.99
$130.44
$199.64
$226.50
$234.07
$124.84
$127.91
$37.30
$13.28
$18.59
$56.45
$207.97
$177.19
$226.07
$239.95
$127.98
$148.59
$250.09
$76.79
$86.72
$137.27
$135.65
$198.40
$184.98
4 BITUMINOUS DISTRIBUTORS
BROOMS & SWEEPING EQUIPMENT
BRUSH CHIPPING & SHREDDING
MACHINES
COMPACTORS, HAND GUIDED
Includes all equipment for handling bituminous materials under pressure.
Includes pumps, spray bars and other attachments and accessories.
Includes all attachments and accessories with brooms of any type. Includes broom wear.
Includes all attachments, accessories and power unit. Rated in accordance with the cutter head width in millimeters(inches)
Includes pan, vibrating plate, rammer and jumping jack type compactors(gas or diesel). Includes all attachments and accessories. Listed in accordance with the weight in kilograms(pounds)
[ BITDT ]
[B R M S W ]
[ BRUCP ]
[ COMHG ]
DELAY FACTOR = 0.12 OVERTIME FACTOR = 0.89
DELAY FACTOR = 0.14 OVERTIME FACTOR = 0.87
DELAY FACTOR = 0.07 OVERTIME FACTOR = 0.94
DELAY FACTOR = 0.18 OVERTIME FACTOR = 0.84
P.D.E.
TEXOMA
WATSON
TRAILER MOUNTED
TRUCK MOUNTED
BROOMS - MOUNTED & TOWED
BROOMS - SELF PROPELLED
SWEEPERS - SELF PROPELLED,
PICK UP
BRUSH CHIP & SHRED
COMPACTORS
Does not include towing unit. Capacity rated in liters (U.S. gallons).
Including truck. Capacity rated in liters (U.S. gallons).
Includes traction, PTO or engine driven.
Rated in accordance with hopper size in cubic meters (cubic yards).
Model
Model
Model
OVER TO
OVER TO
Model
Model
OVER TO
OVER TO
OVER TO
[ P D E ]
[ TXMA ]
[W A T S ]
[ TLMD ]
[ TRMD ]
[ MTTD ]
[ SFPR ]
[ SWSP ]
[ BCSM ]
[ COMP ]
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
M -100
M-400 with hammer
Economatic 115
Super Economatic
80 270
330
330 with hammer
500 with hammer
600
700
1000
2000
3000
0 1136 (300)
0 3028 (800)
3028 (800) 5299 (1400)
5299 (1400) 6831 (1800)
6831 (1800) 11355 (3000)
11355 (3000) 15140 (4000)
ALL
ALL
0 2.3 (3.0)
2.3 (3.0) 4.6 (6.0)
4.6 (6.0) 6.9 (9.0)
0 230 (9)
230 (9) 300 (12)
300 (12) 405 (16)
0 113 (250)
113 (250) & Higher
5084
5085
5087
5089
5090
5093
5095
5095B
5096B
5097
5099
6010
6012
6014
0-300
00-08
08-14
14-18
18-30
30-40
ALL
ALL
0-3
3-6
6-9
00-09
09-12
12-16
0-250
250
$61.76
$43.04
$127.01
$130.93
$160.97
$127.11
$133.95
$148.47
$150.42
$155.97
$233.79
$114.73
$195.37
$211.00
$9.43
$96.85
$120.18
$123.10
$125.39
$130.27
$40.81
$59.22
$136.18
$180.37
$212.85
$41.35
$65.05
$63.89
$5.38
$12.67
5 CONCRETE MIXERS
CONCRETE PUMPS
CONCRETE SLIPFORM PAVERS
CONCRETE VIBRATORS
CURB EXTRUSION MACHINES
CONCRETE BARRIER SLIPFORM
PAVERS
Includes truck/carrier or self powered trailer mounted units. Including attachments, accessories and hoses.
Includes all attachments and accessories. Detached, independently powered finished bridges or spray/tyne machines are not included.
Includes all attachments and accessories. Includes vibrator motor but independent power, whether air or electric, shall be paid as a separate item.
Self propelled for asphalt or concrete curb and gutter section. Includes attachments, accessories and molds. Rated by Mfr's maximum width recommendations in millimeters (inches).
Includes all attachments, accessories and barrier or curb molds. [C O N M X ]
[C O N P M ]
[ CONSF ]
[ CONVB ]
[ CRBEX ]
[ CRBSF ]
DELAY FACTOR = 0.11 OVERTIME FACTOR = 0.90
DELAY FACTOR = 0.15 OVERTIME FACTOR = 0.87
DELAY FACTOR = 0.18 OVERTIME FACTOR = 0.85
DELAY FACTOR = 0.31 OVERTIME FACTOR = 0.71
DELAY FACTOR = 0.22 OVERTIME FACTOR = 0.82
DELAY FACTOR = 0.19 OVERTIME FACTOR = 0.84
STATIONARY OR PORTABLE
TRANSIT MIX
ELBA
MAYCO
SCHWING
THOMSEN
C.M.I.
GOMACO
CONCRETE VIBRATORS
CURB EXTRUSION MACHINE
C.M.I.
CURBMASTER
Rated by Mfr's capacity in cubic meters (sacks or cubic feet).
PTO type, including carrier. Rated by Mfr's capacity in cubic meters (cubic yards).
OVER TO
OVER TO
Model
Model
Model
Model
Model
Model
Model
OVER TO
Model
Model
[S O R P ]
[ TRMX ]
[ ELBA ]
[ MACO ]
[ SHWG ]
[ THOM ]
[ C M I ]
[ GOMA ]
[ CVIB ]
[ C E M ]
[ C M I ]
[ CURB ]
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
0 0.10 (3.5)
0.10 (3.5) 0.17 (6.0)
0.17 (6.0) 0.31 (11)
0.31 (11) 0.45 (16)
6.4 (9) 7.6 (10)
7.6 (10) 9.2 (12)
K-8020
C-30HD
LST-30/60S
BPA-1000
WP-1000X
WP-1250X
900-1200 w/28 m boom
900-1200 w/32 m boom
BPL 1200 w/36 m boom
A-3.75 w/ mixer
A-7
11 pump w/28 m boom
12 pump w/32 m boom
14 pump w/36 m boom
SF-250
SF-350 series 2
SF-550
GP-2000
GP-2500
GP-3500
Each Vibrating Head
0 460 (18)
460 (18) & Over
SF-175
CMT-800
0-3.5
03.5-6
06-11
11-16
09-10
10-12
1000
1020
1024
1050
1052
1054
1055
1057
1058
1070
1072
1078
1082
1084
2002
2004
2006
2020
2022
2024
EVHD
0-18
18 PLUS
3000
3020
$3.02
$4.36
$5.59
$7.93
$204.13
$205.94
$122.76
$23.29
$39.20
$43.66
$61.37
$79.78
$113.35
$135.18
$144.94
$30.88
$28.02
$141.04
$148.75
$198.68
$197.26
$304.96
$416.14
$201.36
$228.21
$319.96
$1.36
$43.21
$125.06
$144.35
$87.59
6 ELECTRIC GENERATORS & LIGHT
PLANTS
ELECTRIC POWERED HAND TOOLS
FORK LIFT TRUCKS
GRADERS
Rates are for gas or diesel power and alternating or direct current.
Includes electric powered, hand held tools not listed elsewhere in this book.
Expendable bits, blades, discs, wheels, etc. shall be paid by separate invoice.
Rated in accordance with Mfr's suggested retail price.
Includes attachments and accessories. Listed in accordance with the Mfr's maximum rated capacity in kilograms(pounds).
Includes ripper and scarifier attachments and all accessories. Electronic blade control and specialty cutting tools shall be paid separately. [ ELGEN ]
[ ELTOL ]
[ FKLFT ]
[ GRADR ]
DELAY FACTOR = 0.12 OVERTIME FACTOR = 0.89
DELAY FACTOR = 0.63 OVERTIME FACTOR = 0.40
DELAY FACTOR = 0.20 OVERTIME FACTOR = 0.81
DELAY FACTOR = 0.11 OVERTIME FACTOR = 0.90
GOMACO
MILLER FORMLESS
GENERATOR
LIGHTS
TOOLS
FORK LIFT TRUCKS
BLADE-MOR
CATERPILLAR
Rated in accordance with Mfr's output in kilowatts.
Includes trailer, pole and generator.
Model
Model
OVER TO
Model
OVER TO
OVER TO
Model
Model
[ GOMA ]
[M I L L ]
[ G E N ]
[ LITE ]
[ TOOL ]
[ F L T ]
[B M O R ]
[ CAT ]
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
GT-6000-(78&90)
COMMANDER II
COMMANDER III
M-7500
M-8100
M-8800
0 1
1 3
3 7.5
7.5 15
15 25
25 50
50 100
100 200
200 300
300 400
400 500
2 Light Set
4 Light Set
450 600
600 800
800 1000
454 (1000) 1814 (4000)
1814 (4000) 2722 (6000)
2722 (6000) 3629 (8000)
3629 (8000) 5443 (12000)
5443 (12000) 7258 (16000)
7258 (16000) 9072 (20000)
9072 (20000) 11340 (25000)
11340 (25000) 13608 (30000)
13608 (30000) 18144 (40000)
18144 (40000) 22680 (50000)
22680 (50000) 34020 (75000)
727
747
120G 87V serial
130G 74V serial
12E 99E serial
12F 73G serial
12F 13K serial
12F 89H serial
12G 61M serial
12H
14E 72G serial
14G
14H
140 14U serial
140G 72V serial
140H
140M
143H
16 49G serial
16 49G800 serial
16 G93U serial
3040
3045
3050
3063
3065
3067
000-001
001-003
003-008
008-015
015-025
025-050
050-100
100-200
200-300
300-400
400-500
2 LIGHT
4 LIGHT
045-060
060-080
080-100
010-040
040-060
060-080
080-120
120-160
160-200
200-250
250-300
300-400
400-500
500-750
2173
2178
2685
2695
2710
2768
2826
2884
2890
2895
3174
3180
3185
3250
3260
3265
3266
3267
3290
3348
3360
$99.54
$111.92
$156.40
$116.97
$163.94
$201.42
$1.15
$2.69
$5.52
$12.34
$19.38
$19.57
$35.36
$71.60
$122.26
$166.41
$208.37
$5.46
$10.94
$0.36
$0.48
$0.61
$39.33
$52.38
$59.01
$82.08
$85.84
$100.46
$99.05
$109.50
$138.73
$165.21
$224.58
$35.67
$50.96
$92.58
$102.11
$68.66
$104.06
$78.86
$79.38
$104.03
$118.07
$106.36
$154.88
$170.02
$107.48
$113.05
$119.48
$180.18
$133.22
$138.45
$202.58
$215.06
7 HAMMERS, DEMOLITION & PILE
Includes attachments, accessories and power unit. Does not include carrier. [ HAMMR ]
DELAY FACTOR = 0.21 OVERTIME FACTOR = 0.81
JOHN DEERE
GALION
KOMATSU
ABI
AMERICAN PILE DRIVING
EQUIPMENT
ALLIED STEEL & TRACTOR
DELMAG
FOSTER
HYDRAULIC POWER SYS
I.C.E.
KENT
Model
Model
Model
Model
Model
Model
Model
Model
Model
Model
Model
[ DEER ]
[G A L N ]
[ KOMA ]
[ A B I ]
[ A P E ]
[A S & T ]
[ DELM ]
[ FOST ]
[ HPSI ]
[ ICE ]
[K E N T ]
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
16H
160H
163H
JD-570A
JD-570B
JD-670
JD-670A
JD-670CH
JD-770
JD-770A, 770A-H
JD-770B
JD-772CH
A-400E
T-400A
T-500C
T-500L
T-500M
GD 505A-2
GD 515A-1
GD 605A-2
GD 615A-1
GD 625A-1C
GD 655A-2
HVR-60
150
180
200/500
300 VIBRO
400B VIBRO
800
HYRAM 720
HYRAM 725
HYRAM 730
HYRAM 740
HYRAM 750
HYRAM 77
HYRAM 770
HYRAM 780
HYRAM 790
HYRAM 88
D-12
D-16
D-22
D-30
D-30-32
D-36-32
D46-32
D62-22
D100-13
1700
4030
FNV-1800
FNV-4150
150
260
300
44-50
216
416L
812
KHB10G
KHB 15G
KHB 30G
KHB 40G
3380
3385
3390
3890
3892
3900
3905
3907
3910
3915
3916
3930
4940
4980
5150
5204
5210
8980
8986
9000
9005
9007
9010
0100
0010
0050
0060
0075
0085
0300
0310
0320
0330
0340
0350
0360
0370
0380
0390
0400
0500
0510
0520
0530
0540
0560
0570
0580
0590
0600
0630
0660
0693
0420
0430
0440
0450
0460
0470
0480
0700
0710
0750
0760
$225.62
$140.98
$147.10
$61.30
$70.13
$81.41
$88.04
$111.57
$92.53
$107.11
$115.12
$135.65
$86.55
$83.71
$97.05
$97.64
$99.78
$90.37
$92.56
$99.95
$106.70
$134.58
$111.54
$48.27
$204.61
$287.37
$316.92
$356.68
$570.96
$67.54
$7.78
$15.54
$18.23
$26.16
$28.54
$11.39
$27.44
$46.08
$58.29
$18.57
$28.28
$43.73
$69.53
$51.60
$73.58
$95.41
$114.00
$184.22
$294.05
$178.23
$249.50
$143.67
$318.96
$123.78
$196.23
$235.37
$297.01
$106.07
$177.24
$281.69
$24.76
$38.15
$37.10
$66.53
8 HYDRAULIC CRANES & EXCAVATORS,
CRAWLER MOUNTED
Includes all attachments and accessories required for lifting or digging.
Pavement breaker or compactor attachments are not included. [ HCECL ]
DELAY FACTOR = 0.16 OVERTIME FACTOR = 0.85
NPK
OKADA
RAMMER
STANLEY
TELEDYNE
TRAMAC
TUNKER
VULCAN
BANTAM
CASE
CATERPILLAR
Model
Model
Model
Model
Model
Model
Model
Model
Model
Model
Model
[ N P K ]
[ OKAD ]
[ RAMR ]
[ STAN ]
[ TELD ]
[ TRMC ]
[ TUNK ]
[ VULC ]
[ BANT ]
[ CASE ]
[ CAT ]
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
4XE
6XA
H-10XB
H-12X
H-16X
H-20X
H4X,HXA
H7X
UB-5
UB-8
S-84
S-86
MB250
MB2900
MB4900
MB550
MB800
950X
TB1025
TB1425X
TB2225X
TB425
TB825X
BRH1100
BRH125
BRH250
BRH400
BRH620
BRH750
BRV950
40.01 40.05
60.05 1
010
100C
2300
80C
C 266
C 366
C 744
9030B
9040
9060B
40E E-Boom
40E Y-Boom
50E
125B
170C
220B
880B Y-Boom
980B
1080
1080B
1280
1280B
303.5E CR
304 CR
305C CR
308E2 CR SB
308DCR
312
0795
0800
0810
0815
0820
0840
0860
0880
0900
0950
1000
1050
1100
1120
1140
1160
1180
1190
1195
1200
1220
1240
1260
1300
1310
1320
1330
1340
1350
1360
1400
1450
1460
1500
1520
1540
1560
1580
0680
0690
1075
0100B
0110
0120B
1600
1601
1602
1602H
1602N
1602R
1609
1615
1615E
1615J
1616
1616E
0100
0200
0250
0270
0271
0300
$21.54
$16.29
$46.65
$45.41
$39.13
$41.53
$14.26
$16.88
$9.76
$19.66
$37.82
$41.23
$8.29
$29.18
$51.58
$13.01
$19.04
$43.85
$48.58
$42.67
$79.62
$18.21
$30.90
$46.96
$14.90
$15.69
$15.08
$31.67
$26.14
$27.39
$208.73
$208.73
$192.88
$31.14
$46.03
$49.61
$190.83
$38.44
$110.42
$127.26
$81.74
$119.57
$124.72
$253.85
$101.46
$101.87
$128.59
$101.59
$143.48
$181.19
$72.64
$112.32
$99.59
$101.29
$134.95
$128.28
$39.01
$40.71
$55.25
$60.36
$52.83
$64.42
9 JOHN DEERE
DROTT
FIAT-ALLIS
Model
Model
Model
[ DEER ]
[ DROT ]
[ F - A ]
Code
Code
Code
Rate
Rate
Rate
312C
312CL
314CL CR
315L
320
320BL
320C
320CL
320L
321C LCR
321D LCR
322L
323F L
325
325BL
325L
328D LCR
330BL
330CL
330D L
330L
335F L CR
336EL
336F
345BL
350L
375L
205
211
213
215
215B LC
215C
215D
225
225LC
225D LC
227
229
231D
231DLC
235
235B
235 Front Shovel
235B Front Shovel
235C
235DLC
245
245B
245 Front Shovel
245B Front Shovel
E 180
EL 180
EL 200B
E 240
EL 240
E 300
E 300B
EL 300
EL 300B
225D LC
330C LC
450LC
490
490E
690A
690B
690C
690D
690E LC
790
790D
790E LC
792
890
890A
892D LC
990
992D LC
30 50
70 200LC
35D E boom
35D Y boom
40D E boom
40D Y boom
50D
FE 18
FE 20 HD
FE 20 LC
FE 28
0300C
0300CL
0302CLR
0305
0310
0312
0312C
0312CL
0315
0320R
0321R
0325
0326
0330
0335
0340
0343DR
0345
0345CL
0345DL
0350
0350E
0351E
0351F
0355
0360
0365
1617
1617E
1617H
1618
1619E
1619F
1619G
1620
1621
1622
1623
1625
1630
1635
1640
1642
1645
1647
1648
1649
1650
1650B
1652
1652B
1653
1654
1654E
1655
1656
1657
1657B
1658
1658B
1575D
1600C
1645
1660
1660E
1685
1695
1697
1697D
1697ELC
1698
1698D
1698ELC
1699
1700
1705
1708
1720
1722
1725
1730
1735
1745
1835
1845
1930
1965
2005
9000
9010
9020
9030
$76.69
$76.89
$77.90
$77.63
$101.88
$106.35
$119.43
$132.61
$103.39
$142.25
$141.66
$126.25
$135.30
$134.29
$154.50
$139.21
$178.32
$190.10
$207.02
$242.89
$177.11
$201.07
$242.08
$238.96
$245.26
$257.51
$403.99
$43.42
$66.56
$73.05
$72.31
$81.63
$89.86
$99.36
$103.96
$104.50
$130.55
$107.67
$140.65
$159.89
$161.53
$163.24
$181.35
$173.40
$192.87
$207.27
$213.39
$274.52
$302.83
$286.76
$318.87
$88.04
$89.23
$94.23
$112.67
$114.20
$141.60
$157.07
$143.58
$159.20
$136.52
$196.30
$238.04
$54.42
$67.73
$79.35
$93.58
$86.82
$90.09
$101.91
$109.01
$114.76
$124.08
$128.53
$174.66
$156.94
$145.94
$188.43
$209.17
$26.50
$42.44
$38.40
$115.43
$76.25
$76.68
$97.62
$102.95
$126.05
$67.14
$84.34
$80.29
$113.54
10 GRADALL
HITACHI
HYUNDAI
INTERNATIONAL
KATO
KOBELCO
KOEHRING
KOMATSU
Model
Model
Model
Model
Model
Model
Model
Model
[ GRAD ]
[ H I T ]
[ HYUN ]
[ INTL ]
[K A T O ]
[ KOBL ]
[ KOEH ]
[ KOMA ]
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
FE 40 L
G 660
G 660B
G 660C
G 880B
G 880C
G 1000
XL4200
XL5200
UH 07LC
UH 062
UH 172
UH 122
EX 150
EX 200 LC
EX 270 LC
EX 300LC-2
EX 300LC-3
EX 330LC-5
EX 370-5
EX 400 LC
EX 450LC-5
EX 550LC
EX 700
EX 750-5
EX 1100
200LC
210LC-3
280LC
290LC
450LC
630
640 HD
650 HD
HD450 VII
HD700 VII LC
HD1250 VII LC
SK200LC MARK III
K 903B
K 904D
K 904E
K 904 Mark II
K 905
K 905A LC
K 907C
K 907D
K 907 LC
K 909A
K 909 LC
K 912A
K 914
K 916
SK270LC MARK IV
SK400LC MARK IV
366 post 1980
466E
566
666, 666E
866, 866E
6611
6614
6612
6620
6625
6633
6644
PC 120-5
PC 138US LC-10
PC 150-1
PC 150-3
PC 200 LC-2
PC 200-5
PC 200 LC-3
PC 200 LC-5
PC 220 LC-2
PC 220 LC-3
PC 220 LC-5
PC 220 LC-6
PC 220 LC-7
PC 280 LC-3
9040
0150
0160
0170
0210
0215
0230
0260
0280
2630
2660
2695
2750
2797
2800
2806
2807
2807A
2807B
2807F
2808
2808K
2809
2810
2815
2880
2950
2952C
2960
2970
3010
4250
4260
4280
3050
3060
3080
4687
4688
4693
4694
4694A
4695
4697
4700
4702
4704
4710
4711
4712
4715
4717
4720
4725
4752
4990
5160
5225
5235
6000
6005
6010
6015
6020
6029
6040
9485
9486
9490
9495
9500
9504
9505
9506
9510
9515
9516
9516F
9516G
9517
$192.43
$90.75
$117.24
$118.01
$124.34
$118.03
$198.05
$121.04
$146.77
$88.17
$100.55
$174.58
$116.97
$79.13
$97.36
$141.35
$169.10
$172.77
$197.85
$197.45
$223.88
$270.57
$320.62
$381.71
$425.19
$501.89
$98.36
$117.35
$146.45
$151.63
$224.98
$70.96
$91.87
$101.14
$66.45
$95.77
$162.48
$102.80
$49.34
$53.00
$55.68
$55.12
$59.79
$64.16
$85.55
$91.95
$92.72
$119.26
$121.89
$141.46
$167.26
$188.01
$144.30
$254.35
$148.61
$171.22
$183.00
$232.07
$268.14
$54.98
$67.40
$65.52
$93.85
$113.92
$163.52
$215.48
$68.99
$103.96
$63.18
$77.04
$78.80
$100.93
$93.85
$101.76
$101.72
$116.62
$125.60
$134.40
$144.63
$131.94
11 LINK-BELT
MASSEY FERGUSON
MITSUBISHI
NORTHWEST
P&H
TAKEUCHI
Model
Model
Model
Model
Model
Model
[ L-B ]
[ M - F ]
[ MITS ]
[ NW ]
[ P & H ]
[T A K U ]
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
PC 300 LC-1, LC-2
PC 300 LC-3
PC 300 LC-5
PC 300 LC-6
PC 300 LC-7
PC 360 LC-3
PC 400 LC-1
PC 400 LC-3
PC 400 LC-5
PC 400 LC-6
PC 600 LC-6
PC 650-1
PC 650-1 Front Shovel
PC 650-3
PC 750-6
PC 1000-1
PC 1000 LC-1
PC 1100 LC-6
LS 1600
LS 2650
LS 2700C II
2700 QUANTUM
LS 2800
LS 2800A
LS 2800A PL
LS 2800 PL
LS 2800B
LS 3400
LS 3400C II
LS 4300
LS 4300C II
LS 4800
LS 4800 PL
LS 5400
LS 5800
LS 5800A
LS 5800C II
LS 6400
LS 7400
LS 7400A
MF 450D
MF 450S
MS 090
MS 180-3
MS 180 LC-8
MS 230 LC-3
MS 240 LC-8
MS 280-2
MS 380-2
MS 450-8
35 DH
45 DH
55 DH
55 DH Series II
H 750
H 1250
H 1750
H 2500
HS 2500
TB 15
TB 025
TB 045
TB 070
TB 10S
TB 35S
TB 68S
TB 800
9520
9525
9526
9526A
9526B
9527
9530
9535
9536
9537
9539
9540
9550
9552
9555
9560
9565
9575LC
5390
5395
5398
5399
5400
5402
5404
5405
5410
5475
5477
5660
5662
5750
5755
5805
5810
5812
5814
5820
5830
5840
6245
6250
6290
6295
6296
6300
6305
6310
6320
6330
6335
6340
6345
6360
6628
6630
6635
6645
6650
7686
7686A
7686E
7686H
7688
7690
7692
7695
$131.92
$154.89
$173.73
$189.59
$212.06
$175.01
$177.45
$207.18
$229.11
$257.44
$352.45
$322.51
$337.87
$338.44
$423.67
$505.44
$518.53
$580.47
$42.22
$58.89
$78.06
$84.70
$69.23
$78.04
$68.33
$65.39
$86.55
$113.87
$120.41
$143.40
$158.08
$164.13
$149.86
$193.00
$199.52
$209.98
$218.93
$294.66
$299.29
$356.73
$56.81
$61.76
$39.66
$76.08
$86.29
$99.26
$107.38
$121.76
$169.83
$198.11
$157.99
$170.12
$177.91
$313.42
$74.26
$126.76
$153.80
$198.31
$203.31
$17.08
$29.31
$48.51
$47.59
$13.79
$27.81
$39.14
$19.33
12 HYDRAULIC CRANES & EXCAVATORS,
SELF PROPELLED.
Includes all attachments and accessories required for lifting or digging.
Pavement breaker or compactor attachments are not included. [ HCESP ]
DELAY FACTOR = 0.13 OVERTIME FACTOR = 0.89
BUCYRUS-ERIE
BADGER
CASE
CATERPILLAR
GRADALL
GROVE
Model
Model
Model
Model
Model
Model[ B-E ]
[B A G R ]
[ CASE ]
[ CAT ]
[ GRAD ]
[ GROV ]
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
300C/SP
320C
360C
4425/30
4435
4435B
4435C
4445
4450
4450B
4455
40E E-Boom, Cruz Air
40E Y-Boom, Cruz Air
40F E-Boom, Cruz Air
40F Y-Boom, Cruz Air
45 E-Boom, Cruz Air
45 Y-Boom, Cruz Air
45B E-Boom, Cruz Air
45B Y-Boom, Cruz Air
880R E-Boom
880R Y-Boom
1085 E-Boom, Cruz Air
1085 Y-Boom, Cruz Air
1085B Y-Boom, Cruz Air
1285 E-Boom, Cruz Air
1285 Y-Boom, Cruz Air
3330 Low Profile
3330B
206
212
214
224
G 3WD, 4x4
24 36
68 1012
2535
RT-48
RT-49
RT-58
RT-418
RT-420
RT-422
RT-500D
RT-525
RT-525B
RT-525C
RT-527.5
RT-528B
RT-528C
RT-60
RT-60S
RT-515
RT-518
RT-520
RT-522
RT-522C
RT-625
RT-630
RT-630B
RT-635
RT-65 S
RT-740
RT-745
RT-75 S
RT-755
RT-760
RT-865
RT-865B
RT-875
RT-980
RT-990
RT-9100
1670
1672
1678
1565
1570
1573
1573C
1574
1575
1577
1579
1685
1687
1687H
1687K
1688
1689
1689H
1689K
1690
1695
1696E
1696Y
1696Z
1697E
1697Y
1698E
1698H
1699
1699E
1699H
1699J
0110
3820
3830
3850
3870
3880
4030
4115
4285
4354
4356
4358
4359
4360
4362
4363
4365
4370
4372
4520
4540
4606
4607
4608
4609
4609G
4630
4635
4637
4640
4700
4710
4715
4720
4725
4727
4730
4732
4735
4750
4760
4790
$91.46
$91.65
$92.01
$121.90
$135.23
$136.77
$144.23
$180.24
$142.32
$149.76
$181.01
$77.83
$78.06
$80.22
$81.07
$101.13
$106.17
$106.48
$107.26
$70.89
$71.02
$80.03
$80.34
$90.29
$102.50
$102.65
$41.45
$41.71
$54.88
$70.63
$76.34
$93.82
$117.71
$44.92
$74.31
$83.84
$98.54
$130.67
$78.14
$78.44
$79.74
$92.72
$92.72
$92.72
$128.10
$90.02
$93.10
$111.80
$90.92
$93.10
$112.32
$92.68
$94.71
$89.74
$91.79
$93.40
$92.60
$109.36
$100.28
$100.28
$105.80
$115.54
$122.32
$134.27
$165.19
$128.69
$142.93
$200.06
$175.76
$236.27
$216.09
$208.79
$238.39
$295.60
13 KOMATSU
LINK-BELT
LORAIN
P&H
PETTIBONE
Model
Model
Model
Model
Model
[ KOMA ]
[ L-B ]
[L O R N ]
[ P & H ]
[ P E T ]
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
PW 210-1
HSP 15
HSP 18
HSP 20
HSP 22
HSP 25
HSP 8015
HSP 8018
HSP 8018XL
HSP 8018C
HSP 8025
HSP 8025 S
HSP 8030
HSP 8035
HSP 8040
HSP 8050
HSP 8055
HSP 8060
LRT 15H
LRT 15U
LRT 18U
LRT 35U
LRT 40U
LRT 150
LRT 150D
LRT 180
LRT 180D
LRT 200
LRT 200D
LRT 220
LRT 230
LRT 230D
LRT 250
LRT 250D
LRT 275
LRT 275D
LRT 330
LRT 400
LRT 450
LRT 500
LRT 550
OMEGA 14
OMEGA 15
OMEGA 18
OMEGA 25
OMEGA 20
OMEGA 23
OMEGA 30
OMEGA 35
OMEGA 40
OMEGA 45
OMEGA 50
OMEGA 60
OMEGA 65
OMEGA 114
OMEGA 114D
OMEGA 118
OMEGA 118D
OMEGA 120
OMEGA 120D
OMEGA 122
OMEGA 122D
OMEGA 125
OMEGA 128
R 150
R 150-1
R 180
R 200
OMEGA S-15
OMEGA S-18
OMEGA S-20
S-35
16 MK P Series
20 MK P Series
25 25 MK P Series
29 MK P Series
30 30 MK P Series
30 SC, 30 SC P Series
60 SC
60 SC P Series
70 70 SC
70 SC P Series
80 MK P Series
9580
5500
5505
5510
5530
5535
5538
5538E
5538G
5538H
5538P
5538PF
5538Q
5538R
5538S
5538T
5538V
5539
5730
5735
5740
5745
5750
5755
5756
5760
5760D
5765
5765D
5767
5768
5768D
5769
5769D
5770
5770D
5772
5773
5774
5775
5790
5790
5792
5794
5795
5796
5796E
5796J
5796P
5797
5797E
5797J
5798
5799
5799C
5799G
5799Q
5799S
5799U
5799W
5799X
5799Y
5799Z
5799ZA
5890
5910
5975
6060
6062
6063
6064
6064E
6500
6580
6740
6750
6880
6900
6903
6910
6990
6995
7100
7165
7170
7250
$125.02
$88.89
$88.89
$95.25
$96.75
$101.97
$99.58
$99.58
$122.19
$89.27
$104.26
$104.58
$119.16
$171.41
$171.56
$173.85
$158.86
$188.44
$90.79
$92.07
$92.61
$134.16
$135.30
$89.72
$105.42
$89.66
$105.42
$89.35
$105.59
$92.10
$95.49
$105.62
$95.51
$105.62
$95.51
$105.62
$125.51
$142.69
$146.05
$149.31
$154.93
$84.47
$84.47
$84.93
$112.03
$85.66
$88.60
$114.63
$115.66
$155.07
$156.92
$158.41
$166.26
$191.06
$94.59
$92.51
$96.20
$92.66
$97.95
$93.41
$99.00
$94.03
$99.40
$97.93
$73.09
$72.56
$73.43
$73.77
$115.02
$115.02
$117.79
$164.43
$78.75
$79.42
$75.68
$80.26
$81.35
$75.68
$82.41
$117.61
$123.32
$131.09
$130.14
$131.10
$137.77
$127.55
14 HYDRAULIC CRANES & EXCAVATORS,
TRUCK MTD. W/ CARRIER
Includes truck/carrier. Includes all attachment and accessories required for lifting or digging. Pavement breaker or compactor attachments are not included.
[ HCETD ]
DELAY FACTOR = 0.12 OVERTIME FACTOR = 0.90
R.O. PRODUCTS
BUCYRUS-ERIE
BADGER
BANTAM
DEVAULT
GRADALL
GROVE
HIAB
KOEHRING
LINK-BELT
Model
Model
Model
Model
Model
Model
Model
Model
Model
Model
[ R O P ]
[ B-E ]
[B A G R ]
[ BANT ]
[ DVUT ]
[ GRAD ]
[ GROV ]
[ HIAB ]
[ KOEH ]
[ L-B ]
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
80 SC P Series
MC 5A
MC 50B
MC 50C
25 XC
30 XC
40 C
60 XC
65 C
90 XC
300 Hydro-Scopic
460 Hydro-Scopic
666 Hydro-Scopic
888 Hydro-Scopic
T 744 Teleskoop
T 888
T 888B
TK 15-10
G 3W
G 660
G 660B
G 660C
G 800
G 880B
G 880C
G 1000
TD 520
TD 522
TD 525
TMS 250
TMS 250A
TMS 250B
TMS 250C
TMS 300
TMS 300B
TMS 760
TMS 865
TM 875
TMS 875
TM 890
TM 1075
100 AW
1165
170 thru 174
175 thru 177
550, 5501
650
4460 Teleskoop
4465 Teleskoop
4470 Teleskoop
4475 Teleskoop
HTC 14
HTC 25
HTC 35
HTC 50
HTC 50W
HTC 814
HTC 814XL
HTC 822 S
HTC 825
HTC 825 S
HTC 830
HTC 835
HTC 835XL
HTC 840
HTC 850
7260
8005
8175
8260
1360
1370
1475
1590
1592
1600
0550
0555
0560
0600
1285
1310
1315
1900
0120
0170
0180
0190
0210
0220
0230
0240
2221
2223
2224
2850
2860
2870
2875
2922
2923
3180
3378
3380
3385
3387
3390
3850
3852
3854
3855
3857
3859
4400
4405
4410
4415
4505
4507
4509
4510
4520
4530
4531
4532
4535
4536
4537
4539
4539C
4539E
4539G
$129.04
$49.78
$78.50
$79.90
$106.39
$107.08
$98.28
$170.88
$147.55
$183.20
$72.70
$88.57
$134.42
$140.47
$86.38
$128.83
$151.39
$66.22
$91.25
$87.84
$115.44
$110.73
$78.60
$124.29
$119.06
$128.34
$136.04
$136.04
$137.01
$126.48
$126.99
$126.99
$171.82
$150.85
$169.63
$259.68
$194.50
$222.70
$223.57
$234.62
$199.25
$61.70
$57.96
$56.35
$56.51
$59.91
$60.92
$88.32
$89.62
$103.89
$105.17
$123.95
$123.95
$134.35
$179.93
$173.29
$159.68
$165.01
$151.29
$142.96
$152.43
$161.74
$170.35
$192.19
$195.87
$201.33
15 HYDRAULIC CRANES & EXCAVATORS,
TRUCK MTD. LESS CARRIER.
Includes all lifting and digging attachments and accessories. Truck/carrier to be paid separately. Pavement breaker or compactor attachments are not included.
[ HCETG ]
DELAY FACTOR = 0.09 OVERTIME FACTOR = 0.92
LORAIN
MANITEX
NATIONAL
P&H
PITMAN
R.O. PRODUCTS
BUCYRUS-ERIE
GALION
GROVE
Model
Model
Model
Model
Model
Model
Model
Model
Model
[L O R N ]
[ MANX ]
[ NATL ]
[ P & H ]
[ P I T ]
[ R O P ]
[ B-E ]
[G A L N ]
[ GROV ]
Code
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
HTC 855
HTC 860
HTC 1040
HTC 1050
HTC 1055
HTC 1060
HTC 11100
MCH 140
MCH 150
MCH 180
MCH 300
MCH 350
MCH 400
MCH 500
1161
1770
2284
2592
Ser 4/400, 11.3 m (37') boom
Ser 4/400, 14.0 m (46') boom
Ser 4/400, 16.8 m (55') boom
Ser 5/500A/B, 14.3 m (47') boom
Ser 5/500A/B, 17.1 m (56') boom
Ser 6/600, 14.3 m (47') boom
Ser 6/600, 17.1 m (56') boom
856
856B
875
875B
Series 85
ALPHA 100 ton
CN T-280
T-150
T-180
T-200
T-250
CN T-250
OMEGA T-250
OMEGA T-300
OMEGA T-350
T-300A
OMEGA T-400
OMEGA T-450
T-600 XL
OMEGA T-500
OMEGA T-650
T-750
Hydralift HL 40 thru 95
Hydralift HL 100 thru 170
HL 857
HL 1200, 1545-T2 or 1580
POLECAT
PELICAN
TC-40
TC-50
TC-70
TC-80
TC-85
TC-110
TC-120
TC-125
TC-145
TC-150
H-3 series two
H-5 series two
125 P
150 P
TM 100C
TM 200C
4539H
4539J
4540
4545
4550
4555
4600
4942
4946
4947
4953
4955
4957
4960
4980
4985
4990
4995
4983
4984
4985
4986
4987
4989
4990
4995
4996
4997
4998
4999
5000
5005
5290
5380
5470
5560
5561
5570
5580
5585
5665
5666M
5669
5670
5680
5745
5780
6670
6675
6685
6695
6697
6699
6860
6862
6864
6866
6868
6870
6872
6874
6876
6878
1000
1300
1970
1980
2020
2040
$180.64
$204.29
$194.04
$195.81
$184.56
$200.77
$354.08
$145.47
$137.71
$137.71
$159.12
$124.67
$173.20
$134.47
$65.08
$106.03
$108.96
$111.02
$60.95
$61.16
$61.34
$66.94
$67.58
$66.54
$66.92
$67.47
$66.60
$68.26
$69.80
$63.15
$319.77
$181.03
$135.75
$136.22
$136.78
$158.59
$183.55
$148.80
$152.33
$153.64
$147.22
$177.34
$179.17
$211.34
$179.15
$245.56
$166.40
$56.75
$60.77
$66.14
$68.62
$69.95
$73.03
$57.78
$59.45
$60.89
$61.04
$60.51
$65.37
$65.91
$65.62
$68.79
$67.03
$54.18
$62.88
$67.33
$80.96
$97.76
$74.48
16 HYDRAULIC PERSONNEL LIFTS &
AERIAL WORK PLATFORMS
LOADERS, CRAWLER
Includes self propelled and power take off(PTO) units whether gas, diesel or electric. Rates for any truck or carrier mounted units shall pay for the truck separately. Reach is rated by Mfr's maximum extension in meters(feet).
Includes all attachments and accessories excluding clam-action buckets and backhoe(see attachment class).
[ HYLFT ]
[ LDRCL ]
DELAY FACTOR = 0.20 OVERTIME FACTOR = 0.81
DELAY FACTOR = 0.11 OVERTIME FACTOR = 0.91
BOOM TYPE
SCISSOR TYPE
CASE
CATERPILLAR
JOHN DEERE
DRESSER
OVER TO
OVER TO
Model
Model
Model
Model
[ BOOM ]
[ SCIS ]
[ CASE ]
[ CAT ]
[ DEER ]
[ DRES ]
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
0 7.6 (25)
7.6 (25) 15.2 (50)
15.2 (50) 22.9 (75)
0 6.1 (20)
6.4 (21) 9.1 (30)
9.4 (31) 15.2 (50)
350B
450B
455B
455C
1155D
1155E
1450
1450B
1455B
259D
289D
299D XHP
299D2
931B
931C
931 LGP
931B LGP
935B
935C
939C
943
943 LGP
951C 86J 1992 serial
951C 86J 2598 serial
951C LGP 86J 2598 ser
953
953 LGP
955L 85J 6247 serial
955L 85J 13X10129 ser
955L LGP 85J 13X10129
963
963 LGP
973
973 LGP
977K
977K 11K serial
977L 11K 3919 serial
977L 11K 5083 serial
977L 14X serial
977L LGP
983
983B
JD 350C
JD 450C (4 speed PS)
JD 455D
JD 455E
JD 455G
JD 555
JD 555A
JD 555B
JD 555G
JD 655
JD 655B
JD 755
JD 755A
JD 755B
JD 855
100E (PS)
100G
125E (PS)
125G
175C (PS)
200
250C (PS)
250E (PS)
00-24
25-49
50-74
00-20
21-30
31-50
2370
2610
2620
2620A
3555
3556
3560
3565
3568
2159
2189
2190
2199A
3735
3735C
3740
3745
3845
3845C
3900
4130
4135
4200
4210
4215
4220
4230
4675
4680
4685
4690
4693
4695
4698
5014
5092
5170
5180
5185
5190
5248
5265
5420
5805
5807
5809
5809A
5810
5812
5814
5814A
5815
5817
5820
5822
5824
5830
9000
9005
9010
9015
9020
9025
9030
9035
$21.32
$49.01
$66.78
$22.98
$27.30
$40.52
$45.56
$40.96
$42.82
$48.23
$83.93
$92.22
$93.53
$103.24
$104.15
$56.06
$58.85
$84.38
$73.33
$46.80
$49.45
$44.16
$47.96
$55.39
$58.61
$80.63
$69.18
$65.83
$64.55
$70.35
$71.23
$93.61
$88.34
$90.81
$97.21
$97.57
$129.01
$118.88
$195.63
$167.21
$108.23
$112.58
$129.98
$139.85
$144.81
$144.46
$199.00
$211.76
$48.32
$47.82
$50.12
$51.08
$60.55
$53.82
$59.21
$58.41
$81.54
$84.61
$96.69
$80.46
$99.36
$111.78
$150.78
$49.22
$56.28
$60.42
$67.47
$118.51
$137.49
$142.81
$164.11
17 LOADERS, RUBBER TIRE
Includes all attachments and accessories. Clam-action buckets, 4WD and backhoes are excluded unless otherwise noted.
[ LDRRT ]
DELAY FACTOR = 0.10 OVERTIME FACTOR = 0.90
KOMATSU
ALLIS-CHALMERS
CASE
CATERPILLAR
Model
Model
Model
Model
[ KOMA ]
[ A - C ]
[ CASE ]
[ CAT ]
Code
Code
Code
Code
Rate
Rate
Rate
Rate
D 53S-16
D 53S-17
D 55S-2
D 55S-3
D 57S-1
D 65S-6
D 66S-1
D 75S-2
D 75S-3
D 75S-5
D 155S-1
710C
714B
714C w/ backhoe
715B w/ backhoe
715C w/ backhoe
W-11
W-11B
W-18
W-18 9213140 serial
W-18B
W-20
W-20B
W-20C
W-30
480B
480B w/ backhoe
480C
480C w/ backhoe
480D
480D w/ backhoe
480E w/ backhoe
480E LL
480F w/ backhoe
480F LL
480LL
570L XT 4WD
570N XT
580B w/ backhoe
580C
580C w/ backhoe
580D
580D w/ backhoe
580 Super D
580 Super D w/ backhoe
580 Super E
580 Super E w/ backhoe
580K w/ backhoe
580K 4WD w/ backhoe
580 Super K w/ backhoe
580L w/ backhoe
580 Super L 4WD w/ backhoe
590 Turbo w/ backhoe
590 Super L 4WD w/ backhoe
621
721
821
680E w/ backhoe
680G w/ backhoe
680H w/ backhoe
680K w/ backhoe
680L w/ backhoe
680L 4WD w/ backhoe
780 w/ backhoe
780B w/ backhoe
780C w/ backhoe
780D w/ backhoe
780D 4WD w/ backhoe
415F2
416 w/ backhoe
416 Series II w/ backhoe
416B 4WD w/ extend-a-hoe
416C 4WD w/ backhoe
416D w/ backhoe
416D 4WD w/ backhoe
420D w/ backhoe
420D 4WD w/ backhoe
420E
420F2
426 w/ backhoe
426 Series II w/ backhoe
426C w/ backhoe
426C 4WD w/ backhoe
428 w/ backhoe
428 Series II w/ backhoe
7878
7878A
7900
7978
8000
8017
8020
8056
8060
8061
8080
0747
0750
0752
0765
0767
1365
1368
1444
1450
1460
1472
1480
1482
1565
1636
1640
1650
1660
1662
1664
1666
1667
1668
1669
1677
1690
1700
1705
1710
1715
1717
1720
1725
1727
1731
1735
1739
1740
1742
1743
1744
1745
1746
1750
1752
1754
1840
1850
1852
1854
1856
1857
1864
1866
1867
1868
1869
1850F2
1860
1860A
1861A
1861C
1861D
1861D4
1861M
1861M4
1861N
1861N2
1862
1862A
1862C
1862C4
1864
1864A
$81.42
$94.81
$84.92
$84.92
$110.78
$111.27
$146.73
$120.69
$148.39
$204.93
$284.64
$48.00
$47.03
$49.72
$49.08
$49.99
$44.05
$53.97
$75.86
$79.66
$85.81
$79.78
$80.62
$86.65
$119.09
$38.86
$40.22
$49.98
$51.63
$55.70
$57.76
$47.23
$45.94
$48.61
$46.74
$55.75
$53.34
$66.80
$50.59
$40.08
$42.09
$41.51
$44.16
$45.31
$48.01
$46.77
$49.68
$49.99
$51.14
$55.31
$55.59
$64.38
$67.67
$70.25
$91.31
$110.78
$135.32
$63.34
$62.02
$65.07
$71.44
$72.22
$73.07
$82.15
$87.34
$88.75
$89.57
$91.05
$63.21
$49.81
$50.06
$61.30
$63.26
$58.10
$59.27
$65.29
$66.46
$77.52
$91.86
$56.29
$56.54
$70.06
$71.57
$56.26
$56.52
18 CLARK
JOHN DEERE
Model
Model
[ CLRK ]
[ DEER ]
Code
Code
Rate
Rate
430D
430E
436 w/ backhoe
436 Series II w/ backhoe
446 w/ backhoe
446B w/ backhoe
446D
450E
910
910E
916
920
926
926E
928G
930 41K serial
930G
936
936E
936F
938F
938G
950 90A serial
950 31K & 81J serial
950B
950E
950F
950F Series II
950G
950H
950M
962G
966C
966D
966E
966F
966G
966H
966K
966M
970F
972G
972M
980B
980C
980F
980G
980H
982M
988 87A6868 serial
988B 50W serial
992B 25K serial
992C
IT 12
IT 12B
IT 14F
IT 18
IT 18B
IT 28
IT 28B
IT 28F
IT 28G
IT 38G
IT 62G
35C
45C
55C
75C
125B
275B
275C
JD-210C
JD-210C w/ backhoe
JD-210LE
JD-310A w/ backhoe
JD-310B w/ backhoe
JD-310C w/ backhoe
JD-310D w/ backhoe
JD-310E w/ backhoe
JD-310SE w/ backhoe
310G
JD-315SE w/ backhoe
JD-410 w/ backhoe
JD-410B w/ backhoe
JD-410C w/ backhoe
JD-410D w/ backhoe
JD-410E w/ backhoe
410G
410J 4WD
410K
JD-444
JD-444C
JD-444D
JD-444E
JD-500C w/ backhoe
1865D
1865E
1866
1866A
1868
1868B
1868D
1869E
1870
1870E
1885
1894
2065
2067
2070G
2088
2088G
2100
2110
2120
2130
2130G
2228
2270
2272
2300
2301
2303
2310
2310H
2310M
2320G
2340
2350
2360
2361
2362
2362H
2362K
2362M
2370
2372G
2372M
2376
2378
2381
2382
2382H
2385M
2398
2436
2460
2470
2472
2472B
2473
2474
2475
2476
2477
2477G
2478
2480
2482
2484
2486
2488
2491
2492
2496
2497
2485
2490
2495
2504
2506
2507
2507D
2507E
2507F
2507G
2507H
2508
2508B
2508C
2508D
2508E
2508G
2508J
2508K
2510
2515
2520
2521
2592
$78.13
$82.56
$61.44
$61.65
$78.82
$86.65
$89.14
$107.84
$52.93
$62.09
$70.34
$64.69
$83.30
$89.58
$106.21
$79.57
$126.07
$100.68
$109.59
$113.85
$115.79
$131.13
$88.21
$102.84
$125.71
$132.94
$140.29
$144.30
$154.53
$177.34
$212.26
$169.55
$147.16
$164.39
$180.74
$184.66
$205.41
$237.29
$242.93
$258.28
$215.52
$229.54
$270.69
$193.94
$229.50
$236.08
$259.73
$281.65
$370.87
$238.25
$327.19
$419.79
$620.76
$53.76
$62.52
$72.17
$68.98
$77.86
$83.81
$90.35
$104.30
$107.71
$124.20
$170.93
$66.56
$77.74
$94.12
$122.25
$159.26
$275.76
$295.84
$42.89
$42.45
$55.82
$44.55
$45.29
$50.08
$55.90
$57.09
$64.01
$58.60
$64.69
$48.48
$49.23
$58.18
$68.58
$72.10
$73.67
$83.72
$89.93
$64.88
$67.03
$69.46
$75.00
$62.88
19 DRESSER
FIAT-ALLIS
FORD
FURUKAWA
HOUGH
INTERNATIONAL
J C B
KAWASAKI
Model
Model
Model
Model
Model
Model
Model
Model
[ DRES ]
[ F - A ]
[ FORD ]
[ FURU ]
[ HOUG ]
[ INTL ]
[ JCB ]
[ KAWA ]
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
JD-510 w/ backhoe
JD-510B w/ backhoe
JD-510C w/ backhoe
JD-510D w/ backhoe
JD-544B
JD-544C
JD-544D
JD-544E
JD-544G
544J
544K
JD-610B w/ backhoe
JD-610C w/ backhoe
JD-624E
JD-624G
JD-624H
JD-644B
JD-644C
JD-644D
JD-644E
JD-644G
JD-644H
644J
JD-710B w/ backhoe
JD-710C w/ backhoe
JD-710D w/ backhoe
JD-710D 4WD w/ backhoe
710G
JD-744H
744J
JD-844
510B
510C
515B
515C
520B
520C
530
530C
540
550
545B
745C
FR 10
FR 10B
FR 20
FR 30
FR 20B
FR 35
545C
650 w/ backhoe
655A w/ backhoe
655C w/ backhoe
750 w/ backhoe
755 w/ backhoe
755B w/ backhoe
755A w/ backhoe
A-62
A-64
A-66
FL 320A
FL 330
H65C
H-90E
H-100C
260A
260A w/ backhoe
270A w/ backhoe
280A w/ backhoe
214S w/ backhoe
215S w/ backhoe
217S w/ backhoe
3C 1550 2WD w/ hoe
3D 1700 4WD w/ hoe
1400B w/ backhoe
1550B w/ backhoe
1600B w/ backhoe
1700B w/ backhoe
60Z IV
65Z IV
2620
2625
2630
2630D
2660B
2660C
2660D
2660E
2660G
2660J
2660K
2690
2691
2700
2700G
2700H
2710
2715
2717
2719
2719B
2719H
2719J
2720
2721
2722
2722D
2722G
2723
2723J
2725
2310
2310C
3517
3517C
3519
3519C
3520
3520C
3530
3540
3042
3046
3049H
3049I
3050
3051
3051B
3052
3054
3056
3056F
3056G
3057
3061
3063
3065
3114
3116
3118
3120M
3120S
3578
3884
3954
2260
2270
2280
2285
4430
4435
4440
4448
4450
4455
4457
4458
4459
4300
4310
$59.19
$55.92
$66.36
$77.68
$80.36
$82.10
$80.93
$89.35
$97.44
$126.14
$140.97
$63.94
$73.49
$106.56
$119.42
$130.92
$111.07
$114.22
$118.84
$127.35
$142.91
$152.69
$167.12
$82.23
$91.10
$97.58
$99.68
$102.79
$207.07
$241.43
$204.15
$62.73
$83.19
$81.65
$98.11
$94.18
$116.76
$131.47
$140.92
$177.24
$177.85
$77.56
$152.47
$81.51
$88.04
$170.33
$221.70
$188.09
$292.15
$46.16
$51.31
$56.25
$61.10
$66.53
$69.97
$79.42
$77.90
$68.58
$83.26
$107.94
$153.87
$167.59
$108.10
$184.90
$218.77
$49.96
$51.74
$56.99
$69.25
$67.24
$73.65
$77.23
$48.22
$63.95
$54.59
$62.48
$71.72
$72.89
$90.88
$101.46
20 LEADS, PILE DRIVING [ LEADS ]
DELAY FACTOR = 0.47 OVERTIME FACTOR = 0.58
KOMATSU
MASSEY FERGUSON
NEW HOLLAND
TEREX
VOLVO-MICHIGAN-EUCLID
FIXED
SWINGING
Includes headblock, taper top, tip sled and connector, foot yoke, foot yoke sheave, intermediate flights, and all attachments and accessories. Rated in accordance with height of the lead measured in meters ( linear feet)
Includes headblock, taper top, tip sled and connector, foot yoke, foot yoke sheave, intermediate flights, and all attachments and accessories. Rated in accordance with the height of the lead measured in meters (linear feet).
Model
Model
Model
Model
Model
OVER TO
OVER TO
[ KOMA ]
[ M - F ]
[ NHND ]
[ TERX ]
[ V M E ]
[ FIXD ]
[ SWNG ]
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
KSS 80Z II
80Z III
80Z IV
85Z IV
90Z III
90Z IV
95Z IV-2
W 120-3
W 180-1
WA 200-1
WA 250-1
WA 300-1
WA 320-1
WA 350-1
WA 380-1
WA 380-3
WA 400-1
WA 420-3
WA 450-1
WA 450-2
WA 450-3
WA 470-1
WA 500-1
WA 600-1
WB 140-2 4WD
WB 150-2 4WD
MF 44C
MF 50H Series S
MF 50H Series S, 4WD
MF 50HX Series S
MF 50HX Series S, 4WD
MF 55C
MF 60 w/ backhoe
MF 60H Series S w/ hoe
MF 66C
MF 80 w/ backhoe
MF 88
640
650
545D
575E w/ backhoe
655D w/ backhoe
655E w/ backhoe
675D 4WD w/ backhoe
675E 4WD w/ backhoe
70C
72-61
72-71B
72-81
175B
175C
275B
275C
L-70C
L-90
L-120
L-120C
L-150C
L-160
L-180C
L-190
L-250G
0 16.8 (55) (w/o spotter)
16.8 (55) 32.0 (105) (w/o spotter)
over 32.0 (105) (w/o spotter)
0 16.8 (55) (w/ spotter)
16.8 (55) 32.0 (105) (w/ spotter)
over 32.0 (105) (w/ spotter)
0 16.8 (55) (w/o spotter)
16.8 (55) 32.0 (105) (w/o spotter)
over 32.0 (105) (w/o spotter)
0 16.8 (55) (w/ spotter)
4330
4335
4340
4345
4350
4355
4360
4520
4525
4536
4537
4538
4539
4540
4541
4541C
4542
4543C
4544
4544B
4544C
4545
4546
4550
4700
4710
5143
5150
5152
5154
5156
5170
5171
5172
5174
5182
5184
6000
6010
0100
0110
0120
0130
0140
0150
7938
8036
8055
8080
6186
6186C
6330
6330C
9570C
9575
9595
9595C
9598C
9600
9602C
9605
9606G
0100
0200
0300
1100
1200
1300
0400
0500
0600
1400
$132.06
$151.33
$153.58
$193.54
$214.83
$219.27
$279.08
$155.53
$219.87
$87.04
$118.59
$113.93
$138.39
$133.59
$164.59
$163.46
$159.72
$187.53
$197.20
$221.74
$223.86
$216.58
$258.11
$380.23
$70.14
$80.66
$83.99
$50.01
$50.75
$54.04
$54.98
$107.64
$52.26
$56.48
$136.84
$75.01
$217.31
$50.07
$53.69
$47.80
$66.69
$59.77
$71.39
$68.92
$81.51
$193.70
$238.40
$308.95
$361.31
$199.08
$223.07
$252.63
$295.84
$99.93
$119.56
$155.48
$161.82
$200.66
$208.45
$224.60
$241.76
$359.17
$24.96
$31.80
$39.83
$42.21
$50.35
$59.68
$16.54
$23.01
$31.04
$33.79
21 NON-OPERATED EQUIPMENT (DAILY
RATES)
Note various units for different items. The following allowance is entered on the extra work bill by using the (unit listed x number of days) in the hours worked column. The following list is limited to items with long estimated lives. Additional traffic related items such as cones and barricades, are still listed under TRAFC in this publication. Other non-operated items with short estimated lives should be treated as materials and should not be "rented". Non rented items are 1) intended to be job specific (amortized over the life of the project) and 2) have an estimated life measured by number of uses rather than a length of time.
[ NONOP ]
DELAY FACTOR = 0.57 OVERTIME FACTOR = 1.00
MISCELLANEOUS
SCAFFOLDING, SHORING,
FALSEWORK
Model
Model
[ MISC ]
[ SSFW ]
Code
Code
Rate
Rate
16.8 (55) 32.0 (105) (w/ spotter)
over 32.0 (105) (w/ spotter)
Casing, 450 mm dia, per 0.3 m (Casing, 18"
dia, per lf)
Casing, 650 mm dia, per 0.3 m (Casing, 26"
dia, per lf)
Casing, 900 mm dia, per 0.3 m (Casing, 36"
dia, per lf)
Casing, 1800 mm dia, per 0.3 m (Casing,
72" dia, per lf)
Casing, 2400 mm dia, per 0.3 m (Casing,
96" dia, per lf)
Casing, 2700 mm dia, per 0.3 m (Casing,
108" dia, per lf)
Casing, 3000 mm dia, per 0.3 m (Casing,
120" dia, per lf)
Pile, all depths "H" pile, per 45.0 kg (Pile,
all depths "H" pile, per hundred-weight)
Pipe, 250-300 mm dia, per 0.3 m (Pipe, 10-
12" dia, per lf)
Plate, 22 mm thick, per 9.3 sm (Plate, 7/8"
thick, per 100 sf)
Plate, 25 mm thick, per 9.3 sm (Plate, 1"
thick, per 100 sf)
Plate, 38 mm thick, per 9.3 sm (Plate, 1.5"
thick, per 100 sf)
Metal form, 1.8 m x3.0 m, per 14.6 m
(Metal form, 6x10 box culvert, per 48 lf)
Metal form, 2.4 m x3.7 m, per 15.2 m
(Metal form, 8x12 box culvert, per 50 lf)
Metal form, 2.1 m x4.3 m, per 15.2 m
(Metal form, 7x14 box culvert, per 50 lf)
Metal form, type 25 barrier, per 3.0 m
(Metal form, type 25 barrier, per 10 lf)
Metal form, type 26 barrier, per 3.0 m
(Metal form, type 26 barrier, per 10 lf)
Metal form, type 27 barrier, per 3.0 m
(Metal form, type 27 barrier, per 10 lf)
Metal form, type 50 barrier, per 3.0 m
(Metal form, type 50 barrier, per 10 lf)
Metal form, 1.8 m x 3.7 m girder panel, per
0.1 sm ( 6x12 girder panel, per sf)
Metal form, all heights paving, per 3.0 m
(Metal form, all heights paving, per 10 lf)
Scaffolding, 1.5 m section, per section
(Scaffolding, 5' section, per section)
Scaffolding, 3.0 m section, per section
(Scaffolding, 10' section, per section)
Scaffolding, 4.6 m section, per section
(Scaffolding, 15' section, per section)
Scaffolding, bottom/top section, per 1.5 m
section (per 5 ft section)
Scaffolding, 2.1 m high, rolling
(Scaffolding, 7' high, rolling)
Scaffolding, spider staging, plus air
compressor
Shoring, 1.1 m deep x 2235 mm wide, per
section (Shoring,3.5' deep x 88" wide
trench, per section)
Shoring, 1.2 m deep x 3.7 m wide box, per
7.3 m (Shoring, 4' deepx12' wide trench
box, per 24')
Shoring, 1.5 m deep x 2235 mm wide, per
section (Shoring, 5' deep x 88" wide trench,
per section)
Shoring, 2.1 m deep x 1397 mm wide, per
section (Shoring, 7' deep x 55" wide trench,
per section)
Shoring, 2.1 m deep x 2235 mm wide, per
section (Shoring, 7' deepx88" wide trench,
per section)
Shoring, 2.4 m deep x 4.6 m wide, per 3.0 m
(Shoring, 8' deepx15' wide trench box, per
10')
Shoring, 2.4 m deep x 2.4 m max width, per
7.3 m(8' deep x 8' max width trench box,
per 24' )
Shoring, 3.0 m deep x 2.4 m max box, per
4.9 m (Shoring, 10' deepx8' max trench
box, per 16')
Shoring, 3.0 m deep x 2.4 m max box, per
7.3 m (Shoring, 10' deepx8' max trench
box, per 24')
Wood, 50 mm x255 mm, per 30.5 m (Wood,
2"x10", per 100 lf)
Wood, 50 mm x305 mm, per 30.5 m (Wood,
2"x12", per 100 lf)
Wood, 100mm x100mm, per 30.5 m (Wood,
4"x4", per 100 lf)
Wood, 100 mm x150 mm, per 30.5 m
(Wood, 4"x6", per 100 lf)
Wood, 100 mm x205 mm, per 30.5 m
(Wood, 4"x8", per 100 lf)
Wood, 100 mm x305 mm, per 30.5 m
(Wood, 4"x12", per 100 lf)
Wood, 150 mm x305 mm, per 30.5 m
(Wood, 6"x12", per 100 lf)
Wood, 150 mm x455 mm, per 30.5 m
(Wood, 6"x18", per 100 lf)
Wood, 205 mm x405 mm, per 30.5 m
(Wood, 8"x16", per 100 lf)
1500
1600
0120
0130
0140
0150
0160
0170
0180
0190
0200
0210
0220
0230
0310
0320
0330
0340
0350
0360
0370
0380
0390
0410
0420
0430
0440
0450
0460
0510
0515
0520
0530
0540
0550
0560
0570
0580
0605
0610
0615
0620
0625
0630
0635
0640
0645
$41.57
$50.89
$0.04
$0.07
$0.11
$0.25
$0.32
$0.36
$0.48
$0.05
$0.03
$1.54
$1.75
$2.63
$53.48
$59.27
$65.14
$3.25
$3.44
$2.96
$3.20
$0.19
$0.05
$0.66
$1.49
$1.96
$0.92
$1.40
$29.77
$1.53
$14.04
$1.61
$1.42
$1.70
$11.58
$22.84
$20.51
$28.52
$0.19
$0.24
$0.16
$0.24
$0.34
$0.51
$0.84
$1.36
$1.66
22 PAVEMENT GRINDERS, DIAMOND
BLADES
PAVEMENT GRINDERS, TUNGSTEN-
CARBIDE BITS
Includes water(but not water truck or trailer), coolant, cutting compounds and all attachments and accessories. Replacement blades are included in the rates listed below.
Includes water(but not water truck or trailer), coolant, cutting compounds and all attachments and accessories. Replacement bits or tips are included in the rates listed below.
[ PGDIA ]
[ PGT-C ]
DELAY FACTOR = 0.09 OVERTIME FACTOR = 0.92
DELAY FACTOR = 0.11 OVERTIME FACTOR = 0.90
TANK
TRAFFIC SAFETY
CONCUT
CUSHION CUT
PENHALL
TARGET
BARBER-GREENE
CATERPILLAR
C.M.I.
INGERSOLL-RAND
Model
Model
Model
Model
Model
Model
Model
Model
Model
Model
[ TANK ]
[ TRAF ]
[ CCUT ]
[ CUCT ]
[ PENH ]
[ TARG ]
[ B-G ]
[ CAT ]
[ C M I ]
[ I - R ]
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Wood, 305 mm x455 mm, per 30.5 m
(Wood, 8"x18", per 100 lf)
Wood, 305 mm x305 mm, per 30.5 m
(Wood, 12"x12", per 100 lf)
Wood form, type 27 barrier, per 2.4 m
(Wood form, type 27 barrier, per 8 lf)
Wide flange beam, all depths, per 45 kg
(Wide flange beam, all depths, per hundred
wt.)
Tank, metal, 0-2270 liters (0-600 gallons)
Tank, metal, 2270-4540 liters (600-1200
gal)
Tank, metal, 4540-9840 liters (1200-2600
gal)
Tank, metal, 22 710 liters (6000 gallons)
Tank, metal, 28 390 liters (7500 gallons)
Tank, metal, 30 280 liters ( 8000 gallons)
Tank, metal, 37 850 liters (10000 gallons)
Crash cushion barrel, filled, each
K-rail, temporary concrete barrier, per 6.1
m (20 lf)
BC-38 (136 blades)
BC-244 (187 blades)
BC-1268 (48 blades)
HG-130A (127 blades)
PC-390(171 blades)
G-38 (172 blades)
CG-65 (41 blades)
PRM-3804 (170 blades)
RX-20
RX-30
RX-40B
RX-50
RX-80B
PM-800
PR-105
PR-275
PR-450
PR-750
PR-750B
PR-1000
PR-275 RT
PR-375
PR-450
PR-525
PR-500FL
PR-750
PR-800-7
PR-1000
MW-175
MW-250
MW-250C
MT-6520 (crawler)
MW-6520
MW-6520HC
MT-7000
0650
0655
0660
0670
0710
0720
0730
0740
0750
0760
0770
0810
0820
0500
0505
0510
0600
0610
0800
0900
0905
0100
0105
0110
0115
0120
0200
0201
0205
0210
0215
0216
0220
0150
0155
0160
0165
0170
0175
0177
0180
0280
0285
0286
0300
0305
0310
0315
$1.87
$1.62
$0.35
$0.04
$0.91
$1.24
$3.09
$6.21
$7.79
$8.24
$9.14
$1.33
$0.59
$216.12
$263.69
$81.21
$201.67
$316.68
$407.43
$118.50
$450.07
$217.75
$346.11
$406.38
$476.68
$805.42
$618.44
$103.33
$286.03
$426.37
$637.32
$663.10
$871.03
$273.96
$352.90
$405.45
$446.78
$482.13
$620.09
$674.84
$721.02
$120.74
$128.81
$154.49
$391.57
$279.11
$366.45
$498.20
23 PUMPS, WATER HOSE
ROLLERS, TANDEM STEEL WHEELS
Centrifugal and diaphragm types (including submersibles). Rate includes power (gas, diesel or electric generator), 7.6 meters(25 lineal feet) of suction hose, 15.2 meters (50 lineal feet) of discharge hose, foot valve and all fittings, attachments and accessories.
Includes all attachments and accessories.
[ PUMWA ]
[ ROL-2 ]
DELAY FACTOR = 0.36 OVERTIME FACTOR = 0.67
DELAY FACTOR = 0.09 OVERTIME FACTOR = 0.92
WIRTGEN
A PUMP
INLET-SUCTION HOSE
OUTLET-DISCHARGE HOSE
BOMAG
DRESSER
FERGUSON
GALION
HYSTER
Listed by Mfr's rated capacity measured in thousands of liters per minute (thousands of gallons per hour) at 3.0 meters (10 feet) of suction head.
Additional 7.6 meter (25 foot) lengths of suction hose shall be paid based on the inside hose diameter in millimeters (inches).
Additional 15.2 meter (50 foot) lengths of discharge hose shall be paid based on the inside hose diameter in millimeters (inches).
Model
OVER TO
OVER TO
OVER TO
Model
Model
Model
Model
Model
[ WIRT ]
[ APMP ]
[ INHS ]
[O U H S ]
[B M A G ]
[ DRES ]
[ FERG ]
[G A L N ]
[ HYST ]
Code
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
300VC
1000VC
1900DC
2000VC
2100VC
2200VC
3500VC
4200VC
0 0.6 (10)
0.6 (10) 1.3 (20)
1.3 (20) 1.9 (30)
1.9 (30) 3.2 (50)
3.2 (50) 7.9 (125)
7.9 (125) 15.8 (250)
0 60 (2.5)
60 (2.5) 80 (3)
80 (3) 100 (4)
100 (4) 150 (6)
0 60 (2.5)
60 (2.5) 90 (3.5)
90 (3.5) 100 (4)
100 (4) 150 (6)
BW-4AS
BW-6AS
BW-10AS
BW-12AS
S3-5B
S8-12A
S10-14A
3-5 ton
3-5A
4-6A
5-8 ton
5-8A
8-12 ton
8-12B
8-12A
10-14 ton
10-14A
10-14B
4-6 ton roll-o-static
S4-6A, S4-6B
5-8 ton roll-o-static
S5-8A
8-10.5 ton roll-o-static
S8-10.5A
8-12 ton roll-o-static
S8-12A
C 330A 3-5 ton
C 330B 3-5 ton (Hypac)
C 330A 4-6 ton
C 330B 4-6 ton (Hypac)
C 340A 5-8 ton
C 340A 8-10 ton
C 340B 5-8 ton
0380
0390
0395
0400
0402
0405
0410
0420
000-010
010-020
020-030
030-050
050-125
125-250
0-2.5
2.5-3.5
3.5-4
4-6
0-2.5
2.5-3.5
3.5-4
4-6
1150
1155
1160
1165
2500
2520
2525
4048
4048A
4142A
4236
4240
4424
4424B
4430
4450
4455
4455B
4650
4670
4800
4820
4988
5000
5176
5190
6520
6520B
6525
6526
6530
6540
6545
$45.74
$173.37
$413.62
$403.45
$523.06
$691.58
$703.97
$721.97
$4.63
$7.34
$8.34
$31.66
$36.84
$43.06
$0.09
$0.15
$0.22
$0.35
$0.06
$0.12
$0.18
$0.24
$32.35
$34.06
$58.70
$59.52
$42.67
$55.86
$56.68
$26.67
$28.07
$28.22
$63.61
$47.59
$49.52
$51.30
$48.64
$50.47
$49.19
$51.90
$42.01
$44.75
$48.93
$51.26
$49.61
$52.00
$49.94
$52.69
$44.50
$33.29
$45.93
$35.55
$55.25
$55.83
$47.86
24 ROLLERS, RUBBER TIRE, SELF
PROPELLED
ROLLER-TAMPING, SEGMENTED,
SHEEPSFOOT, SELF PROPELLED
Includes all attachments and accessories.
Includes all attachments and accessories.
[ ROLRT ]
[R O T A M ]
DELAY FACTOR = 0.14 OVERTIME FACTOR = 0.87
DELAY FACTOR = 0.09 OVERTIME FACTOR = 0.92
INGRAM
REXNORD
BUFFALO-BOMAG
CATERPILLAR
DYNAPAC
GALION
HYSTER
BUFFALO-BOMAG
CATERPILLAR
RAYGO
REXNORD
Model
Model
Model
Model
Model
Model
Model
Model
Model
Model
Model
[ INGM ]
[ RXND ]
[ B-B ]
[ CAT ]
[ DYPC ]
[G A L N ]
[ HYST ]
[ B-B ]
[ CAT ]
[ RAGO ]
[ RXND ]
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
C 340C 5-8 ton (Hypac)
C 340B 8-10 ton
C 340C 8-10 ton (Hypac)
C 350B 8-12 ton
C 350B 10-14 ton
C 350C 8-12 ton
C 350C 10-14 ton
C 350D 8-12 ton
4-6 ton FB
5-6.5 ton FB
8-12 ton HB
10-14 ton HB
3-5 ton
4-6 ton
5-8 ton
7-10 ton
8-12 ton
10-14 ton
BW 20R
PS 110
PS 130
PS 180
PS 200B
CP 15
CP 21
CP 27
3500
P 3000
P 3500A
C 530A
C 550A
K 300
K 301
K 401
815
815B
815F
825B
825C
835
30 45
RAM PAK 45
3-30
3-35 PACTOR
3-45 PACTOR
3-50, 3-50A PACTOR
3-55, 3-55B PACTOR
6546
6548
6549
6710
6740
6750
6755
6757
6900
6965
7175
7275
8566
8572
8578
8584
8590
8596
2624
3460
3465
3470
3480
3500
3510
3520
4310
4315
4320
5401
5494
1630
1635
1638
2300
2310
2320
2500
2510
2700
6490
6500
6505
7120
7127
7130
7140
7150
$49.95
$48.62
$50.45
$56.77
$57.29
$49.97
$50.71
$51.51
$33.57
$35.20
$48.84
$49.48
$32.78
$33.39
$75.32
$75.52
$75.89
$76.25
$55.44
$53.11
$52.49
$54.83
$69.50
$51.23
$61.74
$80.21
$55.55
$49.67
$55.05
$52.75
$59.77
$108.18
$118.68
$137.63
$122.99
$176.74
$191.20
$208.26
$261.63
$266.99
$104.62
$157.06
$167.53
$125.34
$148.34
$190.91
$217.57
$253.69
25 ROLLERS-TAMPING, SEGMENTED,
SHEEPSFOOT, TOWED
ROLLERS, VIBRATORY, SELF
PROPELLED
Includes all attachments and accessories. Listed by drum dimensions in millimeters (feet) in either direction. The first digit is the diameter and the second digit is the length of each drum.
Includes all attachments and accessories.
[ ROTAT ]
[ ROVIB ]
DELAY FACTOR = 0.45 OVERTIME FACTOR = 0.60
DELAY FACTOR = 0.15 OVERTIME FACTOR = 0.86
SINGLE DRUM UNIT
DOUBLE DRUM UNIT
BUFFALO-BOMAG
BOMAG
BROS
CASE
CATERPILLAR
Model
Model
Model
Model
Model
Model
Model
[ ADRU ]
[ DDRU ]
[ B-B ]
[B M A G ]
[B R O S ]
[ CASE ]
[ CAT ]
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
1220 mm x1220 mm (4'X4') & under
over 1220 mm (4') - not over 1520 mm (5')
over 1520 mm (5')
1220 mm x1220 mm (4'X4') & under, each
over 1220 mm (4') - not over 1520 mm (5'),
each
over 1520 mm (5'), each
BW 210
BW 210A
BW 213
BW 214
BW 35
BW 60, 60S
BW 65, 65S
BW 75, 75S
BW 85T
BW 90
BW 100AD-3
BW 120AD
BW 142PD
BW 151AD
BW 170AD, D
BW 172AD, D
BW 202AD
VM 255
VM 268, VM 268H
VM 278
50B
W 251
252, W 252
752, W 752
1102, W 1102
1102D, W 1102D
602D
752B
CB 54
CS 56
CB 64
CB 214
CB 214B
CB 224
CB 224B
CB 224C
CB 224E
CB 314
CP 323 padfoot drum
CS 323 smooth drum
CB 414
CS 431
CS 431B
CP 433 padfoot drum
CP 433B padfoot drum
CP 433E
CS 433 smooth drum
CS 433B smooth drum
CB 434
CB 434D
CB 514
CB 534
CB 534C
CB 534D OR XW
CS 551
CP 553 padfoot drum
CS 553 smooth drum
CP 563 padfoot drum
CS 563 smooth drum
CS 563C
CB 614
CB 634
CB 634C
4X4
4X5
5 4X4
4X5
5 2060
2070
2080
2090
0700
0800
0900
1000
1200
1300
1325C
1350
1359
1365
1380
1385
1400
2023
2024
2025
2228
2400
2405
2450
2500
2505
2510
2520
7000
7020
7400
8025
8026
8030
8031
8031C
8031E
8035
8040
8042
8045
8050
8051
8055
8056
8056E
8060
8061
8062
8062D
8065
8067
8067C
8067D
8070
8075
8080
8082
8083
8083C
8085
8095
8095C
$2.36
$2.67
$4.84
$5.70
$17.25
$31.82
$81.65
$83.73
$82.80
$84.61
$7.89
$12.52
$8.59
$14.00
$24.61
$16.62
$43.07
$44.02
$49.29
$70.62
$63.02
$62.91
$96.72
$63.07
$77.49
$121.58
$9.26
$30.65
$40.65
$68.37
$91.92
$91.48
$62.87
$71.33
$121.06
$133.25
$137.24
$39.40
$40.69
$40.56
$42.65
$43.50
$45.59
$42.46
$67.10
$65.31
$63.94
$59.97
$82.81
$66.76
$89.44
$104.44
$68.43
$86.35
$73.92
$87.35
$81.47
$105.78
$100.20
$126.76
$117.66
$122.71
$118.98
$124.15
$120.11
$125.17
$129.25
$126.47
$126.91
26 DYNAPAC
ESSICK
HYSTER
INGERSOLL-RAND
Model
Model
Model
Model
[ DYPC ]
[ ESIK ]
[ HYST ]
[ I - R ]
Code
Code
Code
Code
Rate
Rate
Rate
Rate
LR 90
A 36V, A 36D
CA 12
CA 12D
CA 12PD
CA 12PDB strikeoff blade
CA 15
CA 15A
CA 15D
CA 20D
CA 15PD
CA 25
CA 25S
CA 25A, CA 25D
CA 25PD
CA 25T
CA 30
CA 30D
CA 51S, CA 51D
CA 55D
CA 151PDB
CC 10, CC 10 series II
CC 10A
CC 102
CC 12
CC 14
CC 21
CC 21 II
CC 211
CC 42 II Dynatronic
CC 42A
CC 50
CC 50A
CC 50PD
CC 50S
DD 18
300V
2100V
VR 30RE
VR 42RE
V 30WR, V 30W2-R
C 612B
C 610A
C 610B
C 615B
C 617B
C 620B
C 625B
C 627B
C 727A
C 748A (Hypac/Hyster)
C 766A
C 766B (Hypac/Hyster)
C 850A
C 850B (Hypac/Hyster)
C 852A
C 852B (Hypac/Hyster)
C 860A
C 860B (Hypac/Hyster)
DD 22
DD 23
DD 24
DA 30
DD 35
DA 40
DA 41
DD 34HF
DA 48
DA 50
DD 65
DF 84
DS 84
DD 90
DD 110
DD 130
DD 145
SPA 56
SP 48
SP 48DD
SPF 48
SPF 48B
SP 54
SP 54DD
SPA 54
SPF 54
SP 56
2401
2405
2409A
2409B
2409E
2409H
2410
2420
2421
2422
2425
2430
2440
2450
2455
2460
2462
2464
2466
2468
2469
2470
2472
2472C
2472E
2473
2474
2474B
2474C
2475
2476
2482
2488
2488E
2489
2498
2499E
2499H
2700
2820
2902
3450
3500
3540
3562
3563
3566
3570
3572
3572E
3572F
3572G
3572H
3572J
3572K
3572N
3572P
3572S
3572T
3565
3570
3572
3573
3573C
3573E
3573G
3573HF
3573M
3574
3574A
3574B
3574C
3574D
3574F
3574H
3574J
3810
3880
3885
3890
3892
4000
4005
4010
4020
4030
$18.33
$43.72
$59.35
$49.55
$50.06
$47.29
$77.65
$66.96
$81.30
$65.92
$67.63
$99.27
$97.69
$102.44
$105.76
$90.99
$103.96
$108.70
$129.59
$132.61
$93.26
$39.80
$35.22
$42.04
$43.67
$62.89
$63.45
$66.77
$76.06
$103.50
$102.37
$114.72
$127.39
$198.07
$189.46
$16.23
$21.07
$19.79
$11.96
$30.53
$13.33
$70.45
$55.31
$68.58
$70.82
$71.33
$70.18
$71.98
$72.68
$104.07
$46.53
$90.47
$109.17
$111.32
$127.70
$117.13
$131.40
$115.76
$124.78
$52.08
$38.33
$50.54
$40.16
$41.72
$70.56
$73.04
$61.00
$98.58
$98.47
$74.18
$161.86
$158.42
$104.21
$115.88
$155.00
$133.89
$75.49
$74.87
$76.56
$78.99
$80.27
$77.09
$79.19
$78.02
$84.57
$89.07
27 KOEHRING-BOMAG
MIKASA
RAYGO
RAMMAX
SAKAI
TAMPO
Model
Model
Model
Model
Model
Model
[ KOBO ]
[M I K A ]
[ RAGO ]
[ RAMX ]
[ SAKI ]
[ TAMP ]
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
SP 56DD
SP 56DH
SPF 56
SPF 56B
SPF 56DH
SPF 56DHB
SP 60
SP 84
SP 60DD
SPF 60
SPF 60B
SPF 60C
SPF 84
SPF 84B
SD 40D
SD 40F w/ blade
SD 70
SD 100
SD 100D
SD 100F
SD 115D
SD 150D
BW 120AC
BW 120AD
BW 121AD
BW 130AD
BW 140AD
BW 141AC
BW 141AD
BW 142D
BW 172
BW 172D
BW 213D
BW 214D
BW 215D
BW 217D
BW 220D
MDR 7DW
MDR 9G
MDR T38S
MRV 10GA
1-36 REBEL
2-36 ROMPER
2-66 RANGER
2-84 RANGER
220A RASCAL
320A RASCAL
320S RASCAL
400A RASCAL
404B RUSTLER
410A RASCAL
600A RASCAL
4000 RASCAL
4200 RASCAL
4404 RUSTLER
P 33/24
P 33/24 w/ remote
P 51
S 51
P 47
SV 70
SV 70D
SV 91
SV 91D
SV 200D
RP 16D (HD)
RP 28D
RP 48D
RP 58D
RS 16 (HD)
RS16A (HD)
RS 16D (HD)
RS 28C
RS 28D
RS 58D
RS 156A
RS 166A
RS 188A
RS 210
4035
4037
4040
4050
4080
4090
4100
4105
4110
4120
4130
4132
4133
4134
4138
4138FB
4139
4140
4140D
4140F
4141D
4143D
4168E
4169
4193
4193E
4194
4194B
4194E
4194H
4212
4212E
4237
4238
4240
4242
4250
4404
4405
4407
4409
4805
4810
4820
4830
4840
4876
4890
5010
5110
5150
5220
5235
5236
5236E
4605
4606
4625
4630
5290
8025
8026
8050
8051
8060
5990
5995
6110
6115
6170
6180
6185
6315
6320
6327
6340
6350
6370
6400
$92.11
$126.69
$94.25
$97.32
$128.26
$132.37
$163.11
$131.73
$185.09
$190.02
$198.44
$174.68
$133.54
$138.24
$67.32
$68.92
$77.78
$96.30
$117.60
$118.19
$148.20
$159.34
$43.24
$43.99
$39.62
$45.90
$71.02
$67.74
$63.18
$47.29
$59.86
$62.42
$99.82
$122.05
$121.54
$152.66
$115.56
$10.61
$14.92
$10.76
$16.53
$18.66
$40.77
$100.56
$140.93
$58.83
$70.37
$67.50
$71.32
$76.94
$75.10
$96.12
$105.95
$112.25
$42.17
$22.88
$22.13
$87.51
$47.37
$44.83
$70.93
$73.43
$107.37
$109.45
$53.18
$67.65
$90.66
$120.98
$108.78
$64.61
$66.68
$67.21
$86.31
$87.60
$107.23
$70.37
$93.17
$120.01
$92.20
28 SHOVELS & CRANES CRAWLER
SHOVELS & CRANES, TRUCK MOUNTED
SANBLASTING EQUIPMENT
Includes all attachments and accessories when used as a crane, clamshell, dragline or for pile driving (not including leads or driving equipment).
Includes truck/carrier. Includes all attachments and accessories when used as a crane, clamshell, dragline or for pile driving (leads and driving equipment not included).
Includes helmets, gauntlets, 30.5 meters(100 feet) of hose, pot, all control valves, nozzles and other attachments and accessories. Rated in accordance with the capacity of the pot measured in kilograms(pounds)of sand. [ S&CCL ]
[ S&CTK ]
[ SANBL ]
DELAY FACTOR = 0.18 OVERTIME FACTOR = 0.84
DELAY FACTOR = 0.21 OVERTIME FACTOR = 0.81
DELAY FACTOR = 0.52 OVERTIME FACTOR = 0.52
WACKER
LINK-BELT
MANITOWOC
P&H
AMERICAN HOIST & DERRICK
LINK-BELT
P&H
REMOTE CONTROL ONLY
Model
Model
Model
Model
Model
Model
Model
OVER TO
[ WACK ]
[ L-B ]
[ MTWC ]
[ P & H ]
[A M H D ]
[ L-B ]
[ P & H ]
[ REMC ]
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
R 900
R 1000
W 55T
W 74L, W 74T
W 74
W 75
WDH 84
WDH 86-110
WHK 90, WHK 90L
LS 78
LS 78 pipeliner
LS 98
LS 98 pipeliner
LS 98A
LS 108B
LS 108D
LS 118
LS 218H
LS 318
LS 338
LS 518
222EX (WEST)
2900 WC
3000 W
3900B (100 ton)
3900 W VICON series 2
4000 W VICON
4100 W VICON series 1
4100 W VICON series 2
4600 VICON series 1
4600 VICON series 3
535
550
670 WLC
5470
5530
7450
7460
7530
8460
8470
HC 48A
HC 108B
HC 108C
HC 138
HC 138A
HC 218
HC 218A
HC 228H
HC 238A, 238B
440 TC
650A TC
670 TC
790 TC
8115A TC
45 (100) 159 (350)
159 (350) 272 (600)
272 (600) 454 (1000)
454 (1000) 680 (1500)
680 (1500) 907 (2000)
7850
7855
7860
7880
7890
7900
7910
7912
7915
4702
4724
4826
4852
4924
4980
4981
4998
5010
5012
5020
5124
5600
5764
5812
6036
6132
6180
6196
6198
6328
6332
7716
7748
7892
1015
1080
1130
1140
1170
1178
1179
4332
4960
4970
4992
4995
5050
5051
5054
5065
7240
7720
7790
7880
7950
010-035
035-060
060-100
100-150
150-200
$27.24
$43.29
$13.03
$12.90
$12.54
$13.76
$18.10
$22.31
$22.60
$81.35
$83.51
$93.66
$100.52
$94.81
$104.71
$133.18
$152.90
$249.31
$152.04
$164.05
$240.93
$307.13
$137.16
$179.72
$226.95
$290.30
$265.66
$389.81
$399.80
$578.35
$677.67
$138.50
$144.95
$167.12
$132.49
$225.47
$136.96
$187.97
$211.57
$265.35
$411.18
$81.64
$102.52
$138.33
$105.27
$224.44
$140.32
$224.16
$271.02
$224.17
$99.74
$141.90
$145.85
$139.22
$191.01
$1.99
$2.63
$2.66
$3.34
$3.72
29 SAWS, CHAIN AND EARTH AUGER
ATTACHMENT
SAWS, CONCRETE AND MASONRY
SCRAPERS, SELF PROPELLED
Hand held type, one or two man, gas, air or electric powered including all attachments and accessories. Blades, chains and tips shall be paid separately.
Saws which cost less than $500 are considered minor tools and are no longer listed. Rated in accordance with Mfr's kilowatts (horsepower).
Self powered gas, air or electric powered. Includes water ( but not water truck or trailer), coolant, cutting compounds and all attachments and accessories.
Saw blades or abrasive discs shall be paid in accordance with the following sawkerf codes.
Includes all attachments and accessories.
[ SAWCH ]
[ SAWCO ]
[ SCRSP ]
DELAY FACTOR = 0.11 OVERTIME FACTOR = 0.90
DELAY FACTOR = 0.14 OVERTIME FACTOR = 0.87
DELAY FACTOR = 0.12 OVERTIME FACTOR = 0.89
SAWS
SINGLE & MULTI-BLADE
OPERATION
BLADE SAWKERF
CATERPILLAR
JOHN DEERE
INTERNATIONAL
Listed in accordance with Mfr's rated kilowatts (horsepower).
The following allowance is entered on the extra work bill by using the length x depth per blade.
Model
OVER TO
UNITS
Model
Model
Model
[ SAW ]
[ ABOP ]
[ ABSK ]
[ CAT ]
[ DEER ]
[ INTL ]
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
>3.7 (5 ) 30 amps @ 120V
0 7.5 (10)
7.5 (10) 14.9 (20)
14.9 (20) 24.6 (33)
24.6 (33) 33.6 (45)
33.6 (45) 48.5 (65)
Rate /blade/ 30.5 m (100 lin ft) / 25 mm
(inch) depth
Rate/blade/ 0.3 m (lin ft) / 25 mm (inch)
depth
613
613B
613C
615
615C
621B cushion hitch
623B
623E
623F
627B push pull
627E non push-pull
627E push-pull
631C 67M5012 serial
631D
631E
633C non cushion hitch
633C cushion hitch
633C 66M693 serial
633D
637 cushion, non-push-pull
637 non-cushion, push-pull
637D non push-pull
637D push-pull
639D
637E
637E push-pull
641B non cushion hitch
641B cushion hitch
651B non cushion hitch
651B cushion hitch
651E
657B non cushion, non p-p
657B cushion, push-pull
657E non push-pull
657E push-pull
660B
666B
JD 760A
JD 762
JD 762A
JD 762B
JD 860A
JD 860B
JD 862
JD 862B
412B
431B
433B
5-HP
0-10
10-20
20-33
33-45
45-65
100'/IN
LF-INDE
1395
1400
1402
1415
1416
1680
1700
1702
1703
1770
1772
1773
2170
2180
2185
2305
2315
2320
2330
2375
2410
2460
2470
2475
2476
2477
2620
2655
2935
2970
2975
3360
3370
3375
3380
3470
3600
3845
3860
3865
3866
3920
3930
3940
3942
5631
5637
5643
$3.76
$4.29
$9.77
$19.42
$22.45
$26.91
$18.00
$0.18
$88.47
$97.47
$120.74
$167.34
$182.07
$214.01
$219.64
$257.89
$268.44
$284.84
$301.28
$306.21
$247.94
$300.87
$325.76
$244.45
$244.36
$253.53
$311.18
$368.83
$371.13
$442.60
$446.70
$456.80
$477.30
$482.92
$312.37
$357.85
$363.82
$366.37
$438.71
$584.50
$591.23
$672.40
$692.07
$340.82
$551.01
$88.23
$107.97
$112.33
$129.11
$128.79
$135.39
$158.85
$190.04
$108.25
$210.91
$311.19
30 TRACTORS, CRAWLER
Includes all attachments and accessories such as dozer blade and power control blocks when needed, but does not include backhoe, winch or ripper units listed elsewhere in this schedule.
[ TRACC ]
DELAY FACTOR = 0.13 OVERTIME FACTOR = 0.88
TEREX
WABCO
CASE
CATERPILLAR
Model
Model
Model
Model
[ TERX ]
[ WAB ]
[ CASE ]
[ CAT ]
Code
Code
Code
Code
Rate
Rate
Rate
Rate
S 11EB
S 23E 33TOT-H-93SH, elev
S 24 49LOT-76SH serial
S 24B 023-024 serial
S 24C
101F
101G
111A
222G
222H
350
350B
450
450B
450C
475
550
650
850
850B
850C
850D
1150B
1150C
1150D
1150E
D-3
D-3B
D-3 LGP
D-3B LGP
D-3B SA
D-3C
D4C Series III
D-4D
D-4E direct drive
D-4E power shift
D-4H
D-4H LGP
D-4H Series II
D-4E SA
D-4E LGP power shift
D-4E LGP direct drive
D-4G XL
D-5
D-5B power shift
D-5B SA
D-5B LGP
D-5C
D-5H
D-5H Series II
D-5H LGP
D-6C direct drive
D-6C power shift
D-6C LGP
D-6D
D-6D SA
D-6D LGP
D-6H
D-6H Series II
D-6H LGP
D-6M LGP
D-6N XL
D-6R DS
D-6R XL
D-7G
D-7G LGP
D-7G SA
D-7H
D-7H Series II
D-7H LGP
D-8K
D-8L
D-8L SA
D-8N
D-8R
D-8T
D-9H
D-9L
D-9N
D-9R
D-10
D-10N
D-10R
D-11N
8245
8250
8260
8270
8275
8570
8575
8640
8700
8704
1820
1825
1868
1869
1869E
1870
2000
2100
2128
2130
2135
2140
2250
2255
2257
2258
2340
2345
2350
2355
2370
2380
2450
2655
2660
2665
2670
2675
2680
2772
2780
2782
2790XL
3194
3206
3325
3345
3346
3347
3348
3350
3645
3688
3710
3720
3725
3730
3732
3733
3735
3745
3755
3800
3815
4180
4200
4210
4215
4216
4220
4858
4862
4863
4864
4870
4880
5160
5165
5170
5175
5220
5225
5227
5230
$87.48
$203.43
$262.87
$314.89
$338.62
$101.77
$101.02
$95.86
$187.41
$210.40
$41.00
$43.17
$34.88
$39.17
$44.56
$57.72
$46.73
$55.29
$47.43
$51.05
$55.43
$58.55
$70.78
$76.64
$79.16
$81.94
$41.15
$45.15
$41.81
$46.44
$50.66
$47.68
$60.52
$49.61
$51.79
$53.13
$67.07
$66.33
$68.36
$63.36
$53.33
$53.33
$61.18
$70.99
$74.51
$81.85
$77.28
$65.93
$88.35
$92.55
$91.50
$92.51
$93.17
$95.75
$104.50
$118.23
$104.89
$119.45
$124.31
$124.18
$113.87
$117.08
$130.05
$136.79
$156.10
$151.62
$170.30
$162.14
$172.05
$168.85
$211.05
$250.64
$275.54
$223.15
$244.41
$296.78
$282.23
$334.24
$283.36
$328.88
$511.81
$408.12
$454.19
$631.16
31 TRACTORS, HEAVY
Includes all attachments and accessories such as dozer blade, power control units and push blocks, when needed, but does not include backhoe, winch or ripper units listed elsewhere in this schedule.
[ TRACH ]
DELAY FACTOR = 0.13 OVERTIME FACTOR = 0.88
JOHN DEERE
DRESSER
FIAT-ALLIS
KOMATSU
CATERPILLAR
Model
Model
Model
Model
Model
[ DEER ]
[ DRES ]
[ F - A ]
[ KOMA ]
[ CAT ]
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
JD 350C
JD 350D
JD 400G
JD 450C
JD 450D
JD 450E
JD 450G
JD 450J LT/LGP
JD 550
JD 550A
JD 550B
JD 550G
JD 650G
JD 650H LGP
JD 750
JD 750B
JD 750 LGP
JD 750B LGP
JD 850
JD 850B
JD 850 LGP
JD 850B LGP
TD 7E
TD 7G
TD 8E
TD 8G
TD 12
TD 12 LGP
TD 15C
TD 15E
TD 15C LGP
TD 20E
TD 20G
TD 20G LGP
TD 25E
TD 25G
10C
10C LGP
14C
FD 20
21C
FD 30
31 FD 40
D 21P-6
D 31A-16
D 31A-17
D 31E-17
D 31E-18
D 31P-16
D 31P-17
D 31P-17B
D 58E-1
D 58P-1
D 65E-6
D 65E-7, E-8
D 65P-6
D 65P-7 / D 65P-8
D 68P-1
D 68E-1
D 83E-1
D 83P-1
D 85P-18
D 85A-18
D 85E-12
D 85E-18
D 135A-1
D 155A-1
D 155A-2
D 375A-1
D 375A-2
D 455A-1
D 475A-2
814
814B
824B
824C
834B
5360
5365
5405
5474
5476
5478
5479
5479J
5480
5481
5483
5484
5484A
5484H
5485
5486
5487
5488
5490
5491
5492
5495
9100
9102
9105
9107
9110
9115
9120
9122
9125
9130
9135
9137
9139
9140
6043
6044
6048
6056
6060
6060E
6061
6061E
7965
7970
7972
7976
7977
7980
7981
7981E
8003
8003H
8070
8072
8080
8082
8083
8085
8087
8088
8090
8114
8120
8140
8150
8160
8161
8175
8176
8180
8186
1400
1410
1720
1730
2010
$45.36
$51.02
$42.22
$45.17
$46.84
$47.79
$51.11
$61.50
$50.82
$55.07
$53.76
$59.40
$66.54
$70.56
$79.18
$86.80
$82.23
$104.79
$103.69
$119.27
$108.62
$126.78
$46.22
$51.11
$56.22
$60.00
$80.65
$92.03
$111.87
$136.65
$108.83
$152.61
$181.75
$189.72
$218.74
$264.17
$89.44
$90.37
$112.92
$162.70
$189.15
$218.94
$299.48
$338.32
$49.16
$42.94
$46.76
$48.88
$51.39
$43.35
$47.53
$49.95
$94.22
$102.54
$109.34
$120.96
$112.19
$124.58
$137.14
$131.73
$159.00
$160.44
$171.34
$153.27
$135.26
$164.04
$211.22
$242.98
$242.63
$385.89
$424.19
$472.84
$657.36
$143.63
$204.82
$236.49
$280.65
$420.83
32 TRACTORS, RUBBER TIRE,
INDUSTRIAL, FARM & SKID STEER
TRAFFIC CONTROL & SAFETY DEVICES
(HOURLY RATES)
TRAFFIC CONTROL & SAFETY DEVICES
(DAILY RATES)
Includes supplies and servicing. The following allowance is entered on the extra work by using days instead of hours worked. Crash cushion barrels and K-rail sections are now listed with Non-Operated items[NONOP]. [ TRACS ]
[ TRAFA ]
[ TRAFC ]
DELAY FACTOR = 0.11 OVERTIME FACTOR = 0.90
DELAY FACTOR = 0.36 OVERTIME FACTOR = 0.68
DELAY FACTOR = 0.73 OVERTIME FACTOR = 1.00
37.3 kW (50 HP) OR LESS
OVER 37.3 kW (50 HP)
CHANGEABLE MESSAGE SIGN
FLASHING ARROW SIGN
(1) BARRICADES
(2) TRAFFIC CONES
(3) PORTABLE DELINEATOR
(4) ILLUMINATED SIGNS
(5) FLASHING BEACON
(6) FLAG/SIGN STAND
(7) DELINEATOR DRUM
Including, but not limited to the following:
Bobcat--440B, 443B, 450, 453, 542B, 543B, 553, 742B, 743B, 753, 763, 773, 1840, 7753
Case-- 1818, 1825, 1835C, 1838
Deere-- 3375, 4475, 5200, 5575, 6675, 7775
Ford-- L250, L454, L455, L553, L555, L781
Gehl-- SL3310, SL3410, SL3725, SL3825, SL4525, SL4625
Hydra-Mac-- 1300, 1600, 1700D
JCB-- 165Robot, 165Robot Ser II
Massey-Ferguson-- MF30E
Mahto-- LS70, LS75, L933
Mustang-- 920, 920E, 921, 930A, 930AE, 940, 940E, 910, 911, 2040
New Holland-- 1220, 1320, 1620, 1920, 2120, 3415, 3930, L250, L255, L465, LX465, LX485, L565, LX565, LX665
Ramrod-- 230B, 300B, 584B, 784B, 550, 750, 1350, 1550
Thomas-- T-82, T-83, T-83S, T-103, T-132, T-133, T-133S Trak-- 1300HD, 1300C, 1300CX, 1500C
Including, but not limited to the following:
Bobcat-- 853, 863, 873, 943, 953, 980
Case-- 1845C
Deere-- 5300, 5400, 6200, 6300, 6400, 8875
Ford-- L783, L785, 250C, 260C
Gehl-- SL5625, SL6625, SL6635
Hydra-Mac-- 1850, 2650, 2650D
JCB-- 185Robot
Massey-Ferguson-- MF40E, MF50EX
Mustang-- 960, 2060
New Holland-- 4630, 5030, 5640, 6640, 7740, 7840, 8240, 8340, L865, LX865, LX885, 345D, 545D
Ramrod-- 1750, 1950
Thomas-- T-173HL, T-173HLS, T173HLS II, T-203HD, T-
233HD
Trak-- 1700HD, 1700C, 1700CX, 1700XHP
Including supplies, replacements and servicing.
(A) 750 mm to 900 mm high & 600 mm to 900 mm wide (30 to 36 inches high & 24 to 36 inches wide)
(B) 1500 mm high by 1200 mm wide min. (60" high by 48" wide min.)
Lost or destroyed are no longer paid on invoice.
Lost or destroyed are no longer paid on invoice.
Model
Model
Model
Model
Model
Model
Model
Model
Model
Model
Model
[ <50 ]
[ >50 ]
[ CMSN ]
[ FLAS ]
[ 1BAR ]
[ 2TC ]
[ 3DEL ]
[ 4SIG ]
[ 5BEA ]
[ 6FSS ]
[ 7DDR ]
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
with loader or dozer
auger, w/ or w/o loader or dozer
backhoe, w/ or w/o loader or dozer
with loader or dozer
auger, w/ or w/o loader or dozer
backhoe, w/ or w/o loader or dozer
Generator
Generator w/ cell remote
Solar
Solar w/ cell remote
Roof mounted
Trailer mounted
each with flasher
each without flasher
each
450 mm (18") high, per 100
700 mm (28") high, per 100
700 mm (28") high w/ refl sleeve, per 100
1,050 mm (42") high w/ refl sleeve, per 100
per 100
incl 900 mm x900 mm (3'x3') sign &
batteries
portable 12 volt
incl sign, stand & 3 flags
Del. drum w/ base per 100
A
B
C
A
B
C
GEN1
GEN2
SOL1
SOL2
RM
TM
A1
A2
B3
A100
B100
D100
E100
100
12V
12V
EACH
100
$36.90
$37.44
$39.40
$48.93
$49.61
$51.65
$18.89
$20.56
$12.91
$14.59
$1.14
$4.47
$0.54
$0.28
$1.24
$9.91
$17.21
$26.67
$44.37
$28.22
$6.92
$7.07
$3.19
$70.44
33 TRAILERS, EQUIPMENT, LOW BED
TRAILERS, EQUIPMENT, TILT BED
TRENCHING MACHINES
Includes all attachments and accessories related to hauling. The rates cover drop deck type with and without folding/removable gooseneck or oscillating trunion. Pilot vehicles are extra. Listed in accordance with number of axles and tires per axle. Includes jeeps, booster axles, and dollies. All loads shall be hauled legally or within Caltrans Permit Policy.
Includes all attachments and accessories related to hauling. Pilot vehicles are extra. Listed in accordance with the Mfr's rated capacity in tonnes(tons).
Includes all attachments and accessories. When used, tungsten carbide tips shall be replaced by separate invoice.
[ TRAIL ]
[ TRAIT ]
[ TRENC ]
DELAY FACTOR = 0.43 OVERTIME FACTOR = 0.62
DELAY FACTOR = 0.43 OVERTIME FACTOR = 0.62
DELAY FACTOR = 0.10 OVERTIME FACTOR = 0.91
LOW BED A
LOW BED B
LOW BED C
LOW BED D
TILT BED 1 AXLE
TILT BED 2 AXLES
BOBCAT
CASE
DITCH WITCH
2 axle
3 axle
4 axle
6 axle
Model
Model
Model
Model
OVER TO
OVER TO
Model
Model
Model
[ LB-A ]
[ LB-B ]
[ LB-C ]
[ LB-D ]
[ TB-1 ]
[ TB-2 ]
[ BCAT ]
[ CASE ]
[ D - W ]
Code
Code
Code
Code
Code
Code
Code
Code
Code
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
Rate
4 Tires per axle
8 Tires per axle
4 Tires per axle
8 Tires per axle
4 Tires per axle
8 Tires per axle
8 Tires per axle
0 1.8 (2)
1.8 (2) 3.6 (4)
3.6 (4) 5.4 (6)
7.3 (8) 9.1 (10)
9.1 (10) 10.9 (12)
10.9 (12) 12.7 (14)
12.7 (14) 14.5 (16)
14.5 (16) 16.3 (18)
16.3 (18) 18.1 (20)
18.1 (20) 20.0 (22)
20.0 (22) 22.7 (25)
T 116
T 135
T 136
T 208
3022
TL 70
TL 100
TL 120
TL 200
16+4
25+4
25 + 4 XP
30+4 standard
DH 4
DH 4B
DH 5
DH 5 QUAD
DH 7
360
ROAD RUNNER 380
TF 300
TF 700
TF 800
TF 1000
760
R 30
R 36D
R 40
R 65
R 100
V 30
1410
1420
1500
1620
1810
2020
100
200
300
400
500
600
700
00-02
02-04
04-06
08-10
10-12
12-14
14-16
16-18
18-20
20-22
22-25
2000
2010
2020
2030
2040
9051
9053
9055
9070
9120
9170
9171
9224
9255
9256
9257
9259
9261
9263
9277
9374
9398
9405
9460
9465
5390
5400
5432
5556
5565
5618
5620
5625
5630
5635
5640
5645
$18.97
$23.92
$25.49
$29.54
$40.85
$50.69
$81.21
$1.01
$1.08
$1.79
$5.55
$6.40
$7.20
$8.00
$7.73
$7.47
$8.56
$8.32
$17.30
$39.71
$40.05
$8.89
$40.53
$7.36
$10.57
$12.74
$12.92
$18.38
$25.42
$32.26
$35.65
$48.62
$53.30
$45.56
$45.74
$54.07
$37.87
$53.48
$23.50
$33.06
$43.11
$48.60
$49.65
$33.26
$41.60
$42.68
$44.22
$99.47
$32.05
$13.08
$13.78
$9.73
$18.07
$18.44
$22.63
34 TRUCK, TRUCK TRAILERS, EXCL.
DUMP TRUCKS & EQPT TRAIL
TRUCKS, OFF-HIGHWAY
Includes all attachments and accessories related to hauling, with and without trailers as needed. Includes water trucks, freight trucks and passenger vehicles, including 4wd option. Listed by Mfr's Gross Vehicle Weight in Kilograms(pounds). For tractor-trailer units, the gross vehicle weight of the cargo carrying unit or units will control. In the case of water trucks, the tank capacity expressed in kilograms (pounds) of water plus 20%, will determine the gross vehicle weight. For attachment allowance, see attachment class.
Includes all attachments and accessories. Includes end dump, belly dump and earthmover types. Listed in accordance with Mfr's rated capacity in tonnes (tons). In the case of earthmover types, rated by Mfr's volumetric capacity, a factor of 1.4 tonnes per cubic meter (1-1/2 tons per cubic yard) of struck capacity shall be used.
[ TRUCK ]
[ TRUOF ]
DELAY FACTOR = 0.11 OVERTIME FACTOR = 0.90
DELAY FACTOR = 0.21 OVERTIME FACTOR = 0.81
MIDMARK
VERMEER
TRUCKS
TRUCK OFF-HIGHWAY
Model
Model
OVER TO
OVER TO
[ MDMK ]
[ VERM ]
[ T&TT ]
[ TRU ]
Code
Code
Code
Code
Rate
Rate
Rate
Rate
2200
2300
2310
3210
3210 Combo
3500
4010
4010 Combo
5010
6510
6510 Combo
300 A
321
400 A
440
CC-135
M 220
M 455 / M455A
M 475
M 475A
M 485
M 495
T 300B, T 300A
T 400C, T 400B, T 400A
T 600D, C, B, A
T 650
T 800B, T 800A, T800
T 800C
T 850
V 430
V 430A
V 434 / M 434
V 440
V 450
V 454
V 1550
CARS , LIGHT TRUCKS
3175 (7000) 5443 (12000) No small
pickups
5443 (12000) 9072 (20000)
9072 (20000) 12701(28000)
12701 (28000) 16330 (36000)
16330 (36000) 21773 (48000)
21773 (48000) 27216 (60000)
27216(60000) & Over
9.1 (10) 13.6 (15)
16.3 (18) 20.0 (22)
20.0 (22) 24.5 (27)
24.5 (27) 29.0 (32)
29.0 (32) 36.3 (40)
36.3 (40) 49.9 (55)
49.9 (55) 60.8 (67)
5650
5660
5662
5670
5675
5676
5677
5678
5679
5680
5685
7945
7950
7955
7960
8350
8380
8480
8570
8571
8580
8585
8718
8781
8842
8843
8870
8871
8875
8950
8951
9000
9015
9017
9020
9025
00-06
06-12
12-20
20-28
28-36
36-48
48-60
60 10-15
18-22
22-27
27-32
32-40
40-55
55-67
$21.63
$32.86
$34.69
$36.97
$37.88
$43.50
$56.76
$42.59
$43.39
$50.98
$54.22
$33.09
$34.41
$41.95
$52.16
$108.27
$22.05
$49.01
$51.32
$59.11
$54.90
$91.65
$33.70
$69.92
$100.30
$166.69
$159.77
$174.85
$311.34
$38.19
$42.68
$36.87
$40.05
$46.24
$40.86
$20.43
$37.19
$41.96
$54.23
$57.26
$63.53
$84.70
$93.69
$105.44
$65.65
$116.89
$146.24
$167.00
$227.49
$339.09
$380.49
35 TRUCKS, DUMP, ON-HIGHWAY WELDING EQUIPMENT
Includes all end dump, side dump and belly dump types; including all attachments and accessories.
[ TRUON ] [ WELD ]
DELAY FACTOR = 0.16 OVERTIME FACTOR = 0.85 DELAY FACTOR = 0.19 OVERTIME FACTOR = 0.83
TRUCK ON-HIGHWAY
ARC WELDING MACHINES
GAS WELDING OUTFIT
Diesel, gas or electric powered. Includes helmets, holders, cable and all attachments and accessories. Rate capacity in amps.
Includes regulator, 7.6 meters (25 feet) of hose, torch, goggles, lighter and attachments and accessories. Gas and rod shall be paid separately.
Model OVER TO
Model
[ TRUN ]
[ AWM ]
[ GWO ]
Code Code
Code
Rate Rate
Rate
2 axles
3 axles
4 axles
5 axles
0 250
250 500
over 500
ALL
2AXL
3AXL
4AXL
5AXL
0-250
250-500
500
ALL
$73.10
$94.12
$104.99
$118.34
$8.01
$15.52
$15.96
$0.35
Exhibit B
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌhƐĞƌ&ĞĞ^ĐŚĞĚƵůĞhƉĚĂƚĞͲEĞǁĂŶĚDĂũŽƌhƉĚĂƚĞƐϮϬϮϰ ŽƐƚŽĨ^ĞƌǀŝĐĞ
ƐƚŝŵĂƚĞĨŽƌ&ĞĞZĞůĂƚĞĚ^ĞƌǀŝĐĞƐĂŶĚĐƚŝǀŝƚŝĞƐ
ŶŝŵĂůŽŶƚƌŽů
ϭϯ WŽƚĞŶƚŝĂůůLJĂŶŐĞƌŽƵƐŽƌsŝĐŝŽƵƐŽŐĚŵŝŶŝƐƚƌĂƚŝǀĞ,ĞĂƌŝŶŐ ƉĞƌ ŚĞĂƌŝŶŐ Ϯ͘ϵϮ ϮϬϮΨ ϱϴϴΨ ŶĞǁ й ϱϴϴΨ ϭϬϬй ϭϰ >ĂƚĞ>ŝĐĞŶƐĞZĞŶĞǁĂů ϭ
>ĞƐƐƚŚĂŶϭLJĞĂƌůĂƚĞ ĨůĂƚ ŶĞǁ ϱ Ψ KǀĞƌϭLJĞĂƌ ƉĞƌLJĞĂƌ ŶĞǁ ŽƐƚŽĨĂŶŶƵĂů
ůŝĐĞŶƐĞ
ŶŝŵĂů^ŚĞůƚĞƌ
ϭ ^ƉĂLJĂŶĚEĞƵƚĞƌĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞ
ůůŽŐƐ ĞĂĐŚ Ϯ͘ϬϬ ϳϬΨ ϭϰϭΨ ŶĞǁ й ϭϰϭΨ ϭϬϬй ĚĚŝƚŝŽŶĂů;ŝŶŚĞĂƚŽƌƉƌĞŐŶĂŶƚͿ ĂĐƚƵĂůǀĞƚĐŽƐƚ ŶĞǁ ĐƚƵĂůĐŽƐƚŽĨ ǀĞƚƐĞƌǀŝĐĞƐ
ůůĂƚƐ ĞĂĐŚ Ϯ͘ϬϬ ϳϬΨ ϭϰϭΨ ŶĞǁ й ϭϰϭΨ ϭϬϬй ĚĚŝƚŝŽŶĂů;ŝŶŚĞĂƚŽƌƉƌĞŐŶĂŶƚͿ ĂĐƚƵĂůǀĞƚĐŽƐƚ ŶĞǁ ĐƚƵĂůĐŽƐƚŽĨ ǀĞƚƐĞƌǀŝĐĞƐ
KƚŚĞƌŶŝŵĂůƐ;ƌĂďďŝƚƐ͕ĞƚĐ͘Ϳ ĞĂĐŚ Ϯ͘ϬϬ ϳϬΨ ϭϰϭΨ ŶĞǁ й ϭϰϭΨ ϭϬϬй dƌƵƐƚĞƉŽƐŝƚͲ^ƉĂLJͬEĞƵƚĞƌ^ƵƌŐĞƌLJ ϴ
ŽŐƐ ĞĂĐŚ ŶĞǁ ^ĞƚďLJŝƚLJ
WŽůŝĐLJ
ĂƚƐ ĞĂĐŚ ŶĞǁ ^ĞƚďLJŝƚLJ
WŽůŝĐLJ
Ϯ sĞƚĞƌŝŶĂƌLJ^ĞƌǀŝĐĞƐ
ZĂďŝĞƐ ĞĂĐŚ ŶĞǁ ƚŽƐƚ
,>WW;ϲŝŶϭͿ ĞĂĐŚ Ϭ͘Ϯϱ ϳϬΨ ϭϴΨ ŶĞǁ й ϭϴΨ ϭϬϬй ,>WWн;ϳŝŶϭͿ;ǁͬŽƌŽŶĂͿ ĞĂĐŚ ŶĞǁ ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
,>WWн;ǁͬŽƌŽŶĂнŽƌĚĞƚĞůůĂͿ ĞĂĐŚ ŶĞǁ ĐƚƵĂůĐŽƐƚŽĨ ǀĞƚƐĞƌǀŝĐĞƐ
ŽƌĚĞƚĞůůĂ;ŝŶƚƌĂŶĂƐĂůͿ ĞĂĐŚ ŶĞǁ ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
ŽƌĚĞƚĞůůĂ;ŝŶũĞĐƚŝŽŶͿ ĞĂĐŚ Ϭ͘Ϯϱ ϳϬΨ ϭϴΨ ŶĞǁ й ϭϴΨ ϭϬϬй &sZWн;ǁͬŚůĂŵLJĚŝĂͿ ĞĂĐŚ ŶĞǁ ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
>ĞƵŬĞŵŝĂ ĞĂĐŚ ŶĞǁ ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
&sZWн>;ǁͬŚůĂŵLJĚŝĂн>ĞƵŬĞŵŝĂͿ ĞĂĐŚ Ϭ͘Ϯϱ ϳϬΨ ϭϴΨ ŶĞǁ й ϭϴΨ ϭϬϬй sĞƚĞƌŝŶĂƌŝĂŶ^ĞƌǀŝĐĞƐ ƉĞƌŚŽƵƌ
ΛǀĞƚĐŽƐƚ ŶĞǁ ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
Zsd^ĞƌǀŝĐĞƐ ƉĞƌŚŽƵƌ
ΛǀĞƚĐŽƐƚ ŶĞǁ ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
ůĞĐƚŝǀĞ^ƵƌŐĞƌŝĞƐ ĂĐƚƵĂůǀĞƚĐŽƐƚ ŶĞǁ ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
ϯ /ŵƉŽƵŶĚĂŶĚŽĂƌĚŝŶŐ
/ŵƉŽƵŶĚ
^ŵĂůůŶŝŵĂůƐ;ŽƚŚĞƌƚŚĂŶĚŽŐƐͬĐĂƚƐͿ ĞĂĐŚ Ϭ͘ϳϱ ϳϬΨ ϱϯΨ ŶĞǁ й ϱϯΨ ϭϬϬй ĂƌĞĂŶĚ&ĞĞĚŝŶŐ;ŽĂƌĚŝŶŐͿ
ŽŐƐĂŶĚĂƚƐ ƉĞƌĚĂLJ Ϭ͘ϱϬ ϳϬΨ ϯϱΨ ŶĞǁ й ϯϱΨ ϭϬϬй ^ŵĂůůŶŝŵĂůƐ;ŽƚŚĞƌƚŚĂŶĚŽŐƐͬĐĂƚƐͿ ƉĞƌĚĂLJ Ϭ͘Ϯϱ ϳϬΨ ϭϴΨ ŶĞǁ й ϭϴΨ ϭϬϬй >ĂƌŐĞŶŝŵĂůƐ ƉĞƌĚĂLJ Ϭ͘ϱϬ ϳϬΨ ϯϱΨ ŶĞǁ й ϯϱΨ ϭϬϬй ϰ ĞĂĚŶŝŵĂůŝƐƉŽƐĂů;ƉŝĐŬĞĚƵƉďLJƐŚĞůƚĞƌͿ
^ŵĂůů ĞĂĐŚ Ϭ͘Ϯϱ ϳϬΨ ϭϴΨ ŶĞǁ й ϭϴΨ ϭϬϬй >ĂƌŐĞ ĞĂĐŚ Ϭ͘Ϯϱ ϳϬΨ ϭϴΨ ŶĞǁ й ϭϴΨ ϭϬϬй ϱ ŶŝŵĂůZĞůŝŶƋƵŝƐŚŵĞŶƚ;ƉŝĐŬĞĚƵƉďLJƐŚĞůƚĞƌͿ
^ŵĂůů ĞĂĐŚ Ϭ͘Ϯϱ ϳϬΨ ϭϴΨ ŶĞǁ й ϭϴΨ ϭϬϬй >ŝƚƚĞƌ ƉĞƌĂŶŝŵĂů Ϭ͘Ϯϱ ϳϬΨ ϭϴΨ ŶĞǁ й ϭϴΨ ϭϬϬй ^ŵĂůů>ŝǀĞƐƚŽĐŬ ĞĂĐŚ Ϭ͘Ϯϱ ϳϬΨ ϭϴΨ ŶĞǁ й ϭϴΨ ϭϬϬй ^ŝŶŐůĞ>ĂƌŐĞŶŝŵĂů ĞĂĐŚ ϭ͘ϬϬ ϳϬΨ ϳϬΨ ŶĞǁ й ϳϬΨ ϭϬϬй ĐƚŝǀŝƚLJ^ĞƌǀŝĐĞŽƐƚŶĂůLJƐŝƐ ŽƐƚZĞĐŽǀĞƌLJŶĂůLJƐŝƐ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞhŶŝƚͬdLJƉĞ
EŽƚĞƐ
ƐƚŝŵĂƚĞĚ
ǀĞƌĂŐĞ>ĂďŽƌ
dŝŵĞWĞƌ
ĐƚŝǀŝƚLJ;ŚŽƵƌƐͿ
&,Z
ŽƐƚŽĨ
^ĞƌǀŝĐĞ
WĞƌ
ĐƚŝǀŝƚLJ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
džŝƐƚŝŶŐ
ŽƐƚ
ZĞĐŽǀĞƌLJ
й
ZĞĐŽŵŵĞŶĚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
ZĞĐŽŵŵĞŶĚĞĚ
ŽƐƚZĞĐŽǀĞƌLJй
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌhƐĞƌ&ĞĞ^ĐŚĞĚƵůĞ EĞǁĂŶĚDĂũŽƌhƉĚĂƚĞƐϮϬϮϰ͕WĂŐĞϭŽĨϰ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌhƐĞƌ&ĞĞ^ĐŚĞĚƵůĞhƉĚĂƚĞͲEĞǁĂŶĚDĂũŽƌhƉĚĂƚĞƐϮϬϮϰ ŽƐƚŽĨ^ĞƌǀŝĐĞ
ƐƚŝŵĂƚĞĨŽƌ&ĞĞZĞůĂƚĞĚ^ĞƌǀŝĐĞƐĂŶĚĐƚŝǀŝƚŝĞƐ
ĐƚŝǀŝƚLJ^ĞƌǀŝĐĞŽƐƚŶĂůLJƐŝƐ ŽƐƚZĞĐŽǀĞƌLJŶĂůLJƐŝƐ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞhŶŝƚͬdLJƉĞ
EŽƚĞƐ
ƐƚŝŵĂƚĞĚ
ǀĞƌĂŐĞ>ĂďŽƌ
dŝŵĞWĞƌ
ĐƚŝǀŝƚLJ;ŚŽƵƌƐͿ
&,Z
ŽƐƚŽĨ
^ĞƌǀŝĐĞ
WĞƌ
ĐƚŝǀŝƚLJ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
džŝƐƚŝŶŐ
ŽƐƚ
ZĞĐŽǀĞƌLJ
й
ZĞĐŽŵŵĞŶĚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
ZĞĐŽŵŵĞŶĚĞĚ
ŽƐƚZĞĐŽǀĞƌLJй
ϲ ŶŝŵĂůĚŽƉƚŝŽŶƐ ϭϭ
ŽŐƐ ĞĂĐŚ Ϭ͘ϳϱ ϳϬΨ ϱϯΨ ŶĞǁ й ϱϯΨ ϭϬϬй ĂƚƐ ĞĂĐŚ Ϭ͘ϱϬ ϳϬΨ ϯϱΨ ŶĞǁ й ϯϱΨ ϭϬϬй ^ŵĂůůŶŝŵĂůƐ;ŽƚŚĞƌƚŚĂŶĚŽŐƐͬĐĂƚƐͿ ĞĂĐŚ ϵ Ϭ͘Ϯϱ ϳϬΨ ϭϴΨ ŶĞǁ й ϭϴΨ ϭϬϬй ^ĞŶŝŽƌĂĚŽƉƚĞƌƐ;ĂĚŽƉƚĞƌϲϬLJĞĂƌƐŽƌŽůĚĞƌͿ ĞĂĐŚ Ϭ͘Ϯϱ ϳϬΨ ϭϴΨ ŶĞǁ й ϭϴΨ ϭϬϬй >ĂƌŐĞŶŝŵĂůƐ ĞĂĐŚ ϭϬ Ϯ͘ϬϬ ϳϬΨ ϭϰϭΨ ŶĞǁ й ϭϰϭΨ ϭϬϬй ZĞƉƚŝůĞƐͬ
džŽƚŝĐŝƌĚƐͬKƚŚĞƌ ĞĂĐŚ ŶĞǁ DĂƌŬĞƚZĂƚĞ
ZĞƐĐƵĞ'ƌŽƵƉƐ
ŽŐƐ ĞĂĐŚ ϭ͘ϬϬ ϳϬΨ ϳϬΨ ŶĞǁ й ϱϯΨ ϳϱй ĂƚƐ ĞĂĐŚ Ϭ͘ϱϬ ϳϬΨ ϯϱΨ ŶĞǁ й ϯϱΨ ϭϬϬй dƌƵƐƚĞƉŽƐŝƚͲ^ƉĂLJͬEĞƵƚĞƌ^ƵƌŐĞƌLJ ϴ
ŽŐƐ ĞĂĐŚ ŶĞǁ ^ĞƚďLJŝƚLJ
WŽůŝĐLJ
ĂƚƐ ĞĂĐŚ ŶĞǁ ^ĞƚďLJŝƚLJ
WŽůŝĐLJ
ϳ &ŽƌƐĞƌǀŝĐĞƐƌĞƋƵĞƐƚĞĚŽĨŝƚLJƐƚĂĨĨǁŚŝĐŚŚĂǀĞŶŽĨĞĞůŝƐƚĞĚŝŶƚŚŝƐĨĞĞ ƐĐŚĞĚƵůĞ͘ ƉĞƌŚŽƵƌ ϭ͘ϬϬ ϳϬΨ ϳϬΨ ŶĞǁ й ϳϬΨ ϭϬϬй ƵŝůĚŝŶŐͲDŝƐĐĞůůĂŶĞŽƵƐ&ĞĞ/ƚĞŵƐ
Ϯ ĂƚƚĞƌLJ^ƚŽƌĂŐĞ^LJƐƚĞŵ
^ƚĂŶĚůŽŶĞ^LJƐƚĞŵƐ ƉĞƌƉĞƌŵŝƚ Ϯ͘Ϯϱ ϭϰϰΨ ϯϮϰΨ ŶĞǁ й ϯϮϰΨ ϭϬϬй ϵ
ůĞĐƚƌŝĐsĞŚŝĐůĞŚĂƌŐŝŶŐ^ƚĂƚŝŽŶ;ƐͿ
&ŝƌƐƚŽƵƚůĞƚ ĞĂĐŚ ϱ͘ϬϬ ϭϰϰΨ ϳϮϬΨ ŶĞǁ й ϳϮϬΨ ϭϬϬй
ĂĐŚĂĚĚŝƚŝŽŶĂů ĞĂĐŚ ϭ͘ϬϬ ϭϰϰΨ ϭϰϰΨ ŶĞǁ й ϭϰϰΨ ϭϬϬй Ϯϲ ZĞƚĂŝŶŝŶŐŽƌůŽĐŬtĂůů
ĂĐŚĂĚĚŝƚŝŽŶĂůϱ͕ϬϬϬƐ͘Ĩ͘ ĞĂĐŚ Ϯ͘ϬϬ ϭϰϰΨ ϮϴϴΨ ŶĞǁ й ϮϴϴΨ ϭϬϬй ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ
ϭ ƵƐŝŶĞƐƐdLJƉĞ
/ŶͲŝƚLJEĞǁƉƉůŝĐĂƚŝŽŶ&ĞĞƐ
sDϭϭϱ^ŝĚĞǁĂůŬĂŶĚDŽďŝůĞsĞŶĚŽƌƐ
ǀĞŶƚKŶůLJ Ϯ Ϭ͘ϱϬ ϮϬϯΨ ϭϬϭΨ ŶĞǁ й ϭϬϭΨ ϭϬϬй ϯ ƵƐŝŶĞƐƐdLJƉĞ
ZĞŶĞǁĂů&ĞĞƐ
sDϭϭϱ^ŝĚĞǁĂůŬĂŶĚDŽďŝůĞsĞŶĚŽƌƐ
ǀĞŶƚKŶůLJ Ϯ Ϭ͘ϱϬ ϮϬϯΨ ϭϬϭΨ ŶĞǁ й ϭϬϭΨ ϭϬϬй ϲ &ŝŶŐĞƌƉƌŝŶƚŝŶŐͬ>ŝǀĞ^ĐĂŶ^ĞƌǀŝĐĞ ϯ
ZŽůůŝŶŐ&ĞĞ
^ƚĂŶĚĂƌĚZŽůůŝŶŐ&ĞĞ ĞĂĐŚ Ϭ͘ϱϬ ϮϬϯΨ ϭϬϭΨ ŶĞǁ й ϭϬϭΨ ϭϬϬй &ŽƌŝƚLJƵƐŝŶĞƐƐ ĞĂĐŚ ϰ Ϭ͘ϱϬ ϮϬϯΨ ϭϬϭΨ ŶĞǁ й ϮϬΨ ϮϬй 'ŽǀĞƌŶŵĞŶƚWƌŽĐĞƐƐŝŶŐ&ĞĞ ĐƚƵĂůŽƐƚ ŶĞǁ ĐƚƵĂůŽƐƚ
ŽĚĞ
ŶĨŽƌĐĞŵĞŶƚ
ϭϴ EŽƚŝĐĞƚŽďĂƚĞ ĞĂĐŚ ϱ ϱ͘ϱϬ ϮϬϯΨ ϭ͕ϭϭϰΨ ŶĞǁ й ϭ͕ϭϭϰΨ ϭϬϬй >ŝƚŝŐĂƚŝŽŶ'ƵĂƌĂŶƚĞĞ ĐƚƵĂůŽƐƚ ŶĞǁ ĐƚƵĂůŽƐƚ
&ŝƌĞWƌĞǀĞŶƚŝŽŶ
ϭ &ŝƌĞ^ƉƌŝŶŬůĞƌ^LJƐƚĞŵƐ͗
ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůEĂƚŝŽŶĂů&ŝƌĞWƌŽƚĞĐƚŝŽŶƐƐŽĐŝĂƚŝŽŶ;E&WͿϭϯ &ŝƌĞ^ƉƌŝŶŬůĞƌ^LJƐƚĞŵͲDŽĚŝĨŝĐĂƚŝŽŶƐ͗
WůĂŶZĞǀŝĞǁ
ϭͲϱĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ϭ͘ϱϬ ϯϬϵΨ ϭϱϰΨ ϲϬϭΨ ϯϵϬй ϭϱϰΨ ϭϬϬй ϲͲϭϵĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ϭ͘ϳϱ ϯϬϵΨ ϮϯϭΨ ϲϬϭΨ ϮϲϬй ϮϯϭΨ ϭϬϬй ϮϬͲϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ϭ͘ϬϬ ϯϬϵΨ ϯϬϵΨ ϲϬϭΨ ϭϵϱй ϯϬϵΨ ϭϬϬй ϱϭͲϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ϭ͘ϱϬ ϯϬϵΨ ϰϲϯΨ ϲϬϭΨ ϭϯϬй ϰϲϯΨ ϭϬϬй ϭϬϭͲϯϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ϯ͘ϬϬ ϯϬϵΨ ϲϭϳΨ ϲϬϭΨ ϵϳй ϲϭϳΨ ϭϬϬй хϯϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ϰ͘ϬϬ ϯϬϵΨ ϭ͕ϮϯϰΨ ϲϬϭΨ ϰϵй ϭ͕ϮϯϰΨ ϭϬϬй ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌhƐĞƌ&ĞĞ^ĐŚĞĚƵůĞ EĞǁĂŶĚDĂũŽƌhƉĚĂƚĞƐϮϬϮϰ͕WĂŐĞϮŽĨϰ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌhƐĞƌ&ĞĞ^ĐŚĞĚƵůĞhƉĚĂƚĞͲEĞǁĂŶĚDĂũŽƌhƉĚĂƚĞƐϮϬϮϰ ŽƐƚŽĨ^ĞƌǀŝĐĞ
ƐƚŝŵĂƚĞĨŽƌ&ĞĞZĞůĂƚĞĚ^ĞƌǀŝĐĞƐĂŶĚĐƚŝǀŝƚŝĞƐ
ĐƚŝǀŝƚLJ^ĞƌǀŝĐĞŽƐƚŶĂůLJƐŝƐ ŽƐƚZĞĐŽǀĞƌLJŶĂůLJƐŝƐ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞhŶŝƚͬdLJƉĞ
EŽƚĞƐ
ƐƚŝŵĂƚĞĚ
ǀĞƌĂŐĞ>ĂďŽƌ
dŝŵĞWĞƌ
ĐƚŝǀŝƚLJ;ŚŽƵƌƐͿ
&,Z
ŽƐƚŽĨ
^ĞƌǀŝĐĞ
WĞƌ
ĐƚŝǀŝƚLJ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
džŝƐƚŝŶŐ
ŽƐƚ
ZĞĐŽǀĞƌLJ
й
ZĞĐŽŵŵĞŶĚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
ZĞĐŽŵŵĞŶĚĞĚ
ŽƐƚZĞĐŽǀĞƌLJй
ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůE&Wϭϯ&ŝƌĞ^ƉƌŝŶŬůĞƌ^LJƐƚĞŵͲEĞǁ&ŝƌƐƚZŝƐĞƌ ;WĞƌƵŝůĚŝŶŐͿ
WůĂŶZĞǀŝĞǁ
ϭͲϮϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ Ϯ͘ϬϬ ϯϬϵΨ ϲϭϳΨ ϲϬϭΨ ϵϳй ϲϭϳΨ ϭϬϬй ϮϭͲϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ ϯ͘ϬϬ ϯϬϵΨ ϵϮϲΨ ϲϬϭΨ ϲϱй ϵϮϲΨ ϭϬϬй ϱϭͲϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ ϰ͘ϬϬ ϯϬϵΨ ϭ͕ϮϯϰΨ ϲϬϭΨ ϰϵй ϭ͕ϮϯϰΨ ϭϬϬй ϭϬϭͲϯϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ ϲ͘ϬϬ ϯϬϵΨ ϭ͕ϴϱϭΨ ϲϬϭΨ ϯϮй ϭ͕ϴϱϭΨ ϭϬϬй
ĂĐŚĂĚĚŝƚŝŽŶĂůƌŝƐĞƌ;ƐĂŵĞŚĂnjĂƌĚĐůĂƐƐͿ ƉĞƌƌŝƐĞƌ ϭ͘ϱϬ ϯϬϵΨ ϰϲϯΨ ϲϬϭΨ ϭϯϬй ϰϲϯΨ ϭϬϬй /ŶƐƉĞĐƚŝŽŶ
ĂĐŚĂĚĚŝƚŝŽŶĂůƌŝƐĞƌ;ƐĂŵĞŚĂnjĂƌĚĐůĂƐƐͿ ƉĞƌƌŝƐĞƌ ϭ͘ϱϬ ϯϬϵΨ ϰϲϯΨ ϳϱΨ ϭϲй ϰϲϯΨ ϭϬϬй ^ŝŶŐůĞ&ĂŵŝůLJZĞƐŝĚĞŶƚŝĂůͲE&Wϭϯ&ŝƌĞ^ƉƌŝŶŬůĞƌ
WůĂŶZĞǀŝĞǁ
ϭͲϯ͕ϲϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ϭ͘ϱϬ ϯϬϵΨ ϭϱϰΨ ϮϴϬΨ ϭϴϮй ϭϱϰΨ ϭϬϬй ϯ͕ϲϬϭͲϱ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ϭ͘ϳϱ ϯϬϵΨ ϮϯϭΨ ϮϴϬΨ ϭϮϭй ϮϯϭΨ ϭϬϬй хϱ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ϭ͘ϱϬ ϯϬϵΨ ϰϲϯΨ ϮϴϬΨ ϲϭй ϰϲϯΨ ϭϬϬй dƌĂĐƚ,ŽŵĞƐ ĨůĂƚ ϯ͘ϬϬ ϯϬϵΨ ϵϮϲΨ ϮϴϬΨ ϯϬй ϵϮϲΨ ϭϬϬй DƵůƚŝͲ&ĂŵŝůLJZĞƐŝĚĞŶƚŝĂů&ŝƌĞ^ƉƌŝŶŬůĞƌ͕E&WϭϯZ;ƉĞƌƌŝƐĞƌͿ WůĂŶZĞǀŝĞǁ
ϭͲϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ϭ͘ϱϬ ϯϬϵΨ ϰϲϯΨ ϲϬϭΨ ϭϯϬй ϰϲϯΨ ϭϬϬй ϱϭͲϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ϯ͘ϬϬ ϯϬϵΨ ϲϭϳΨ ϲϬϭΨ ϵϳй ϲϭϳΨ ϭϬϬй хϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ϯ͘ϱϬ ϯϬϵΨ ϳϳϭΨ ϲϬϭΨ ϳϴй ϳϳϭΨ ϭϬϬй DŽĚŝĨŝĐĂƚŝŽŶƚŽĞdžŝƐƚŝŶŐƐLJƐƚĞŵ ĨůĂƚ ϭ͘ϬϬ ϯϬϵΨ ϯϬϵΨ ϲϬϭΨ ϭϵϱй ϯϬϵΨ ϭϬϬй WƌŝǀĂƚĞhŶĚĞƌŐƌŽƵŶĚ&ŝƌĞ>ŝŶĞ͗
WůĂŶZĞǀŝĞǁ
ϭͲϭϬƌŝƐĞƌƐͬŚLJĚƌĂŶƚƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ϭ͘ϬϬ ϯϬϵΨ ϯϬϵΨ ϲϬϭΨ ϭϵϱй ϯϬϵΨ ϭϬϬй ϭϭͲϮϬƌŝƐĞƌƐͬŚLJĚƌĂŶƚƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ϭ͘ϱϬ ϯϬϵΨ ϰϲϯΨ ϲϬϭΨ ϭϯϬй ϰϲϯΨ ϭϬϬй хϮϬƌŝƐĞƌƐͬŚLJĚƌĂŶƚƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ Ϯ͘ϬϬ ϯϬϵΨ ϲϭϳΨ ϲϬϭΨ ϵϳй ϲϭϳΨ ϭϬϬй Ϯ WƌĞͲ
ŶŐŝŶĞĞƌĞĚ^LJƐƚĞŵƐͬ
ƋƵŝƉŵĞŶƚ
/ŶƐƉĞĐƚŝŽŶ͕DŝŶŽƌDŽĚŝĨŝĐĂƚŝŽŶƐͬZĞƉĂŝƌƐ ĨůĂƚ Ϭ͘ϱϬ ϯϬϵΨ ϭϱϰΨ ŶĞǁ й ϭϱϰΨ ϭϬϬй ϱ &ŝƌĞůĂƌŵͲEĞǁ^LJƐƚĞŵ;WĞƌ^LJƐƚĞŵͿ
tĂƚĞƌĨůŽǁDŽŶŝƚŽƌŝŶŐ^LJƐƚĞŵWůĂŶZĞǀŝĞǁ ĨůĂƚ ϭ͘ϱϬ ϯϬϵΨ ϰϲϯΨ ϲϬϭΨ ϭϯϬй ϰϲϯΨ ϭϬϬй ϵ ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůEĞǁŽŶƐƚƌƵĐƚŝŽŶWƌŽũĞĐƚƐ
WůĂŶZĞǀŝĞǁ
ϭͲϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ϯ͘ϬϬ ϯϬϵΨ ϲϭϳΨ ϲϬϭΨ ϵϳй ϲϭϳΨ ϭϬϬй ϭϬ͕ϬϬϭͲϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ϯ͘ϱϬ ϯϬϵΨ ϳϳϭΨ ϲϬϭΨ ϳϴй ϳϳϭΨ ϭϬϬй ϱϬ͕ϬϬϭͲϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ϯ͘ϬϬ ϯϬϵΨ ϵϮϲΨ ϲϬϭΨ ϲϱй ϵϮϲΨ ϭϬϬй ϭϬϬ͕ϬϬϭͲϱϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ϯ͘ϱϬ ϯϬϵΨ ϭ͕ϬϴϬΨ ϲϬϭΨ ϱϲй ϭ͕ϬϴϬΨ ϭϬϬй ϱϬϬ͕ϬϬϭͲϭ͕ϬϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ϱ͘ϬϬ ϯϬϵΨ ϭ͕ϱϰϯΨ ϲϬϭΨ ϯϵй ϭ͕ϱϰϯΨ ϭϬϬй хϭ͕ϬϬϬ͕ϬϬϬƐƋ͘Ĩƚ͕͘ĞĂĐŚĂĚĚΖůϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ƉĞƌĂĚĚΖů͘ Ϭ͘ϱϬ ϯϬϵΨ ϭϱϰΨ ϲϬϭΨ ϯϵϬй ϭϱϰΨ ϭϬϬй ϭϬ ŽŵŵĞƌĐŝĂůdĞŶĂŶƚ/ŵƉƌŽǀĞŵĞŶƚƐ
WůĂŶZĞǀŝĞǁ
ϭͲϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ϭ͘ϬϬ ϯϬϵΨ ϯϬϵΨ ϲϬϭΨ ϭϵϱй ϯϬϵΨ ϭϬϬй ϭϬ͕ϬϬϭͲϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ϭ͘ϱϬ ϯϬϵΨ ϰϲϯΨ ϲϬϭΨ ϭϯϬй ϰϲϯΨ ϭϬϬй ϱϬ͕ϬϬϭͲϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ϯ͘ϬϬ ϯϬϵΨ ϲϭϳΨ ϲϬϭΨ ϵϳй ϲϭϳΨ ϭϬϬй хϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͕͘ĞĂĐŚĂĚĚΖůϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ƉĞƌĂĚĚΖů͘ Ϭ͘ϱϬ ϯϬϵΨ ϭϱϰΨ ϲϬϭΨ ϯϵϬй ϭϱϰΨ ϭϬϬй >ŝďƌĂƌLJ
ϭ >ĂƚĞZĞƚƵƌŶƐ
s ƉĞƌĚĂLJ͕
ƉĞƌŝƚĞŵ EŽ&ĞĞ ϭ͘ϱϬ Ψ
ϰ WĂƐƐƉŽƌƚ^ĞƌǀŝĐĞƐ
WĂƐƐƉŽƌƚWŚŽƚŽ ƉĞƌƉŚŽƚŽ Ϭ͘ϱϬ ϰϳΨ ϮϰΨ ϭϬΨ ϰϮй ϮϬΨ ϴϱй ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌhƐĞƌ&ĞĞ^ĐŚĞĚƵůĞ EĞǁĂŶĚDĂũŽƌhƉĚĂƚĞƐϮϬϮϰ͕WĂŐĞϯŽĨϰ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌhƐĞƌ&ĞĞ^ĐŚĞĚƵůĞhƉĚĂƚĞͲEĞǁĂŶĚDĂũŽƌhƉĚĂƚĞƐϮϬϮϰ ŽƐƚŽĨ^ĞƌǀŝĐĞ
ƐƚŝŵĂƚĞĨŽƌ&ĞĞZĞůĂƚĞĚ^ĞƌǀŝĐĞƐĂŶĚĐƚŝǀŝƚŝĞƐ
ĐƚŝǀŝƚLJ^ĞƌǀŝĐĞŽƐƚŶĂůLJƐŝƐ ŽƐƚZĞĐŽǀĞƌLJŶĂůLJƐŝƐ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞhŶŝƚͬdLJƉĞ
EŽƚĞƐ
ƐƚŝŵĂƚĞĚ
ǀĞƌĂŐĞ>ĂďŽƌ
dŝŵĞWĞƌ
ĐƚŝǀŝƚLJ;ŚŽƵƌƐͿ
&,Z
ŽƐƚŽĨ
^ĞƌǀŝĐĞ
WĞƌ
ĐƚŝǀŝƚLJ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
džŝƐƚŝŶŐ
ŽƐƚ
ZĞĐŽǀĞƌLJ
й
ZĞĐŽŵŵĞŶĚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
ZĞĐŽŵŵĞŶĚĞĚ
ŽƐƚZĞĐŽǀĞƌLJй
WŽůŝĐĞ
ϳ ĚŵŝŶŝƐƚƌĂƚŝǀĞWĞŶĂůƚŝĞƐĨŽƌ&ĂůƐĞŽƌEƵŝƐĂŶĐĞůĂƌŵƐ ϲ &ŝƌƐƚΘ^ĞĐŽŶĚZĞƐƉŽŶƐĞ ƉĞƌƌĞƐƉŽŶƐĞ ŶĞǁ EŽŚĂƌŐĞ
dŚŝƌĚĂŶĚƐƵďƐĞƋƵĞŶƚƌĞƐƉŽŶƐĞƐ ƉĞƌƌĞƐƉŽŶƐĞ ϭ͘ϬϬ ϭϵϱΨ ϭϵϱΨ ŶĞǁ й ϭϵϱΨ ϭϬϬй ZĞĐƌĞĂƚŝŽŶ
ϭϯ ^ŶĂĐŬĂƌZĞŶƚĂů
ZĞŶƚĂů&ĞĞ ƉĞƌƐƉŽƌƚƐ
ƐĞĂƐŽŶ ŶĞǁ ϭϱϬ Ψ
ĞƉŽƐŝƚ ĞĂĐŚ ŶĞǁ ϮϱϬΨ
<ĞLJZĞƉůĂĐĞŵĞŶƚ&ĞĞ ĞĂĐŚ ŶĞǁ ϮϱΨ
ϭϰ dŽƵƌŶĂŵĞŶƚƐ
&ŝĞůĚǁŝƚŚŽƵƚ>ŝŐŚƚƐ
>ĞǀĞůϭ ƉĞƌŚŽƵƌ ŶĞǁ ϭϯΨ
>ĞǀĞůϮ ƉĞƌŚŽƵƌ ŶĞǁ ϮϱΨ
>ĞǀĞůϯ ƉĞƌŚŽƵƌ ŶĞǁ ϯϴΨ
&ŝĞůĚǁŝƚŚ>ŝŐŚƚƐ
>ĞǀĞůϭ ƉĞƌŚŽƵƌ ŶĞǁ ϰϰΨ
>ĞǀĞůϮ ƉĞƌŚŽƵƌ ŶĞǁ ϲϯΨ
>ĞǀĞůϯ ƉĞƌŚŽƵƌ ŶĞǁ ϵϲΨ
ϭϱ DŝƐĐĞůůĂŶĞŽƵƐ&ĞĞƐ
ŚĂŝƌĂŶĚdĂďůĞZĞŶƚĂůƐ ϳ
ŚĂŝƌ ĞĂĐŚ ŶĞǁ ϭ Ψ
dĂďůĞ ĞĂĐŚ ŶĞǁ ϲ Ψ
^ƉĞĐŝĂů
ǀĞŶƚWĞƌŵŝƚ&ĞĞ ĞĂĐŚ Ϯ͘ϱϬ ϭϮϮΨ ϯϬϱΨ ŶĞǁ й ϭϱϬΨ ϰϵй sĞŶĚŽƌ^ƉŽƚĂƚŝƚLJ
ǀĞŶƚ;ϭϬΖdžϭϬΖƚŚͿ
^ƉƌŝŶŐ&ĞƐƚŝǀĂů
&ŽŽĚ ĞĂĐŚ ŶĞǁ ϲϱ Ψ
ZĞƚĂŝů ĞĂĐŚ ŶĞǁ ϰϱ Ψ
EŽŶͲWƌŽĨŝƚ^ŽĐŝĂů^ĞƌǀŝĐĞ ĞĂĐŚ ŶĞǁ ϯϱ Ψ dƌĞĞ>ŝŐŚƚŝŶŐ
&ŽŽĚ ĞĂĐŚ ŶĞǁ ϰϱ Ψ
ZĞƚĂŝů ĞĂĐŚ ŶĞǁ ϯϱ Ψ
EŽŶͲWƌŽĨŝƚ^ŽĐŝĂů^ĞƌǀŝĐĞ ĞĂĐŚ ŶĞǁ E
ŽŶĐĞƌƚƐŝŶƚŚĞWĂƌŬ
&ŽŽĚ ĞĂĐŚ ŶĞǁ ϳϱ Ψ
&ŽŽĚ;ĨŽƌƐĞƌŝĞƐͿ ƉĞƌƐĞƌŝĞƐ ŶĞǁ Ϯϳϱ Ψ ZĞƚĂŝů ĞĂĐŚ ŶĞǁ ϱϬ Ψ
EŽŶͲWƌŽĨŝƚ^ŽĐŝĂů^ĞƌǀŝĐĞ ĞĂĐŚ ŶĞǁ E
&Ăůů&ĞƐƚŝǀĂů
&ŽŽĚ ĞĂĐŚ ŶĞǁ ϮϬϬ Ψ
ZĞƚĂŝů ĞĂĐŚ ŶĞǁ ϭϬϬ Ψ
EŽŶͲWƌŽĨŝƚ^ŽĐŝĂů^ĞƌǀŝĐĞ ĞĂĐŚ ŶĞǁ ϱϬ Ψ sŝĐƚŽƌǀŝůůĞ^ŝŶŐƐƵĚŝƚŝŽŶƐ ĞĂĐŚ ŶĞǁ ϭϬ Ψ EŽƚĞƐ
ϭ >ĂƚĞ>ŝĐĞŶƐĞZĞŶĞǁĂůĨĞĞŵĂLJďĞǁĂŝǀĞĚĂƐĚĞƚĞƌŵŝŶĞĚďLJƚŚĞ ĚĞƉĂƌƚŵĞŶƚ͘ Ϯ KŶůLJĨŽƌŝƚLJĞǀĞŶƚƐŽƌƉƌŝǀĂƚĞĞǀĞŶƚƐƉĞƌŵŝƚƚĞĚǁŝƚŚĂdhW͕ ŽƌĂŶLJŽƚŚĞƌĞǀĞŶƚƚŚĂƚĚŽĞƐŶ͛ƚĨĂůůƵŶĚĞƌƚŚĞ^ŝĚĞǁĂůŬĂŶĚDŽďŝůĞsĞŶĚŽƌĐĂƚĞŐŽƌLJ͘ ϯ ZŽůůŝŶŐ &ĞĞĂŶĚ'ŽǀĞƌŶŵĞŶƚWƌŽĐĞƐƐŝŶŐ&ĞĞƐǁŝůůďĞǁĂŝǀĞĚĨŽƌǀŽůƵŶƚĞĞƌƐŝŶŝƚLJWƌŽŐƌĂŵƐĂŶĚĨŽƌŝƚLJ,ƵŵĂŶZĞƐŽƵƌĐĞƐƉƵƌƉŽƐĞƐ͘ ϰ
ϱ WůƵƐ>ŝƚŝŐĂƚŝŽŶ'ƵĂƌĂŶƚĞĞ
ϲ WĞƌsDϯ͘ϱϬ͘ϬϯϬΘKƌĚ͘EŽ͘ϮϮϲ͕ϭͲϭϴͲϮϬϭϭ
ϳ KƉƚŝŽŶĂů͗WůƵƐƐƚĂĨĨƚŝŵĞƚŽƐĞƚƵƉͬƚĞĂƌĚŽǁŶ;ŝĨŶĞĞĚĞĚͿ ϴ ĚĞƉŽƐŝƚƚŽĞŶƐƵƌĞƵŶĂůƚĞƌĞĚĂĚŽƉƚĞĚƉĞƚƐĂƌĞĞǀĞŶƚƵĂůůLJƐƉ ĂLJĞĚͬŶĞƵƚĞƌĞĚ ϵ ^ŵĂůůŶŝŵĂůƐͲŶŝŵĂůƐƵŶĚĞƌϮϬůďƐ͘
ϭϬ >ĂƌŐĞŶŝŵĂůƐͲŶŝŵĂůƐϮϬůďƐŽƌŵŽƌĞ͘
ϭϭ tŝƚŚƚŚĞĂƉƉƌŽǀĂůŽĨƚŚĞŝƚLJDĂŶĂŐĞƌ͕ƚŚĞĚĞƉĂƌƚŵĞŶƚŵĂLJƌĞĚƵĐĞŽƌǁĂŝǀĞĂĚŽƉƚŝŽŶĨĞĞƐďĂƐĞĚŽŶĂŶŝŵĂůƐŚĞůƚĞƌĐĂƉĂĐŝƚLJĐŽŶƐƚƌĂŝŶƚƐ͕ƐƉĞĐŝĂůĞǀĞŶƚƐŽƌŽǀĞƌͲĐŽŶĐĞŶƚƌĂƚŝŽŶŽĨƉĂƌƚŝĐƵůĂƌĂŶŝŵĂů ďƌĞĞĚƐŽƌƚLJƉĞƐ͘
dŚĞƌŽůůŝŶŐĨĞĞŝƐŽĨĨĞƌĞĚĂƚĂƌĞĚƵĐĞĚƌĂƚĞĨŽƌŝŶĚŝǀŝĚƵĂůƐƌĞƋƵŝƌŝŶŐ>ŝǀĞƐĐĂŶƐĞƌǀŝĐĞƐĨŽƌŝƚLJďƵƐŝŶĞƐƐƉƵƌƉŽƐĞƐƐƵĐŚĂƐƵƐŝŶĞƐƐ>ŝĐĞŶƐŝŶŐ͘&ŽƌĂůůŽƚŚĞƌďƵƐŝŶĞƐƐŽƌƉĞƌƐŽŶĂůŶĞĞĚƐ͕ƚŚĞƌŽůůŝŶŐĨĞĞǁŝůů ďĞĐŚĂƌŐĞĚĂƚƚŚĞƐƚĂŶĚĂƌĚƌĂƚĞ͘
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌhƐĞƌ&ĞĞ^ĐŚĞĚƵůĞ EĞǁĂŶĚDĂũŽƌhƉĚĂƚĞƐϮϬϮϰ͕WĂŐĞϰŽĨϰ Attachment B
RESOLUTION NO. VWD- 24-010
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
VICTORVILLE WATER DISTRICT AMENDING THE MASTER USER
FEE SCHEDULE BY ADDING CERTAIN NEW USER FEES, ADJUSTING
CERTAIN WATER DISTRICT RELATE D USER FEES BASED ON THE
INCREASE IN THE CONSUMER PRICE INDEX (CPI), AND MAKING
OTHER UPDATES AND CONFORMING CHANGES
WHEREAS, the Victorville Water District (the “District”), is a county water district and subsidiary district of the City of Victorville (the “City” or “Victorville”), which constructs, owns, operates, improves, and maintains the water system and related facilities and infrastructure that serves the District's existing customers and provides water service availability to new customers and new developments within the jurisdictional boundaries of the District; and
WHEREAS, pursuant to the provisions of the California Constitution, and the laws of the State of California, the District is authorized to adopt and impose user and regulatory fees and charges for the water-related services it provides (collectively hereinafter “User Fees”); and WHEREAS, Article XIII C, Section 1 of the Cali fornia Constitution generally states that such User Fees may not exceed the reasonable costs of providing the services; and WHEREAS, the District Board of Directors ( “District Board ”) had previously established various User Fees for water related services provided by the District within its jurisdictional boundaries; and
WHEREAS, the District must periodically revi ew User Fees to ensure the revenues produced by said fees are sufficient to defray the cost of providing such services and do not exceed the estimated reasonable cost of providing such services; and WHEREAS, together with the Victorville City Council, the District Board retained NBS Government Finance Group (“NBS”) to conduct a comprehensive analysis of user fee services and deliver findings through a User Fee Study (the “2022 Fee Study”); and WHEREAS, the District Board adopted Resolu tion No. VWD 22-008, which approved and adopted the Water District related fees c ontained in the comprehensive 2022 Fee Study and the Master User Fee Schedule, and also implemented annual review and adjustment of such User Fees in accordance with the percentage change in the July over July Riverside-San Bernardino- Ontario, CA Consumer Price Index for all Urban Consumers (hereinafter “CPI-U”) effective on January 1
st of each year, provided that: (1) no fee or cha rge as adjusted exceeds the reasonable costs associated with providing th e service; and (2) such adjust ments are duly adopted by the District Board/City Council, following an appropriately noticed public hearing; and WHEREAS, the District Board later adopted Resolution No. VWD 23-016, which approved and adopted an amendment to the Master User Fee Schedule, thereby adjusting certain user fees based on the increase in the July 2023 over July 2022 CPI-U; as well as adding certain new fees; and eliminating, reducing, and/or modifying certain other user fees; and
WHEREAS, after reviewing the percentage increase in the July 2024 over July 2023 CPI- U, it is recommended that the User Fees be increased by said CPI-U percentage as set forth in the proposed amended Master User Fee Schedule to ens ure financial sustainability and foster fiscal health through cost recovery; and
WHEREAS, City staff have also identified addi tional municipal services and activities where User Fees could be charged to achieve co st recovery objectives; therefore, the City Council/District Board again retained NBS to c onduct a comprehensive analysis and study the costs of providing those additional services and acti vities, and to develop certain new User Fees to defray the costs of providing such services an d activities which do not exceed the reasonable costs therefor; and
WHEREAS, pursuant to Government Code Sections 66016 and 66018, notice of the proposed adoption of the amended Master User Fee Schedule and th e associated cost of services study was provided in the form of a notice mailed to in terested parties fourteen days prior to the hearing, and public hearing notices published on December 6 and December 13, 2024, in the Valley Wide newspaper; and
WHEREAS, the proposed amended Master User Fee Schedule and the associated cost of services study for the new or added fees were made available for public review in the City Clerk/District Secretary’s office and on the City/District’s website on December 6, 2024; and WHEREAS, the District Board conducted a duly noticed public hearing regarding the proposed adoption of the amended Ma ster User Fee Schedule with re spect to the Water District related fee portions thereof at its regularly scheduled meeting on December 17, 2024, during which it heard public testimony and comment; and
WHEREAS, adoption of the Water District related fee portions of the proposed amended Master User Fee Schedule is intended to improve the District’s recovery of the costs incurred to provide individual services, and represents the costs reasonably borne by the District in providing direct services to particular individuals or groups rather than to the general populace in the District’s jurisdictional boundaries; and
WHEREAS, the Water District related fees proposed to be adopted as contained in the attached amended Master User Fee Schedule represent the reasonable costs incurred by the District in providing the Water District related listed serv ices and activities and therefore do not exceed the District’s cost of providing the same.
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE VICTORVILLE
WATER DISTRICT DOES HEREBY RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS.
Section 1. The recitals set forth above are true and correct and are incorporated into this Resolution by this reference together with any definitions and findings set forth therein.
Section 2. The District Board has reviewed and hereby approves and adopts the amended Master User Fee Schedule attached he reto as Exhibit A, and by this reference incorporated herein, which said Exhibit A reflects : (1) adjustments to certain User Fees based on
the percentage increase in the July 2024 over Ju ly 2023 CPI-U; (2) the addition of certain new User Fees; and (3) other adjustments that serve to eliminate and/or modify certain user fees.
Section 3. Based upon the cost of services study att ached hereto as Exhibit B, as well the prior cost of services studies duly conducted, the District Boar d hereby finds and determines that the new and adjusted Water Di strict related User Fees contained in Exhibit A do not exceed the estimated reasonable cost of providing the listed services and activities for which said User Fees are levied.
Section 4. The District Board finds that the setting or revising of fees pursuant to this Resolution is exempt from environmental review under the California Environmental Quality Act (“CEQA”), pursuant to Public Resources Code Section 21080(b)(8) and Section 15272 of the CEQA Guidelines, which provide an exemption for the establishment or modification of charges by public agencies that the public agency finds are for the purpose of meeting operating expenses. Based on the record as a whole, the establishment or modifica tion of fees or other charges pursuant to this Resolution is entirely for the purpose of meeting operating expenses in that none of the recommended fees or fee increases would recover more than one hundred percent of the cost incurred by the District to deliver the service provided.
Section 5. This Resolution shall take effect immediately upon its adoption. However, the Water District related User F ees set forth in the Master Use r Fee Schedule in the attached Exhibit A shall not be in force or effective until January 1, 2025.
Section 6. The District Secretary shall certify to the passage and adoption of this Resolution; shall enter the same in the book of or iginal resolutions; and shall make a minute of passage and adoption thereof in the records of the proceedings, in the minutes of the meeting at which this Resolution is passed and adopted.
Exhibit A
/dzK&s/dKZs/>>
D^d
Zh^
Z&
^,
h>
WƌŽƉŽƐĞĚ͗ĞĐĞŵďĞƌϭϳ͕ϮϬϮϰ
ĞƉĂƌƚŵĞŶƚ WĂŐĞη
WůĂŶŶŝŶŐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϯͲϰ >ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϱͲϭϮ ƵŝůĚŝŶŐͲ^ĐĂůĞĚWůĂŶŚĞĐŬ&ĞĞƐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϭϯͲϭϲ ƵŝůĚŝŶŐͲ^ĐĂůĞĚ/ŶƐƉĞĐƚŝŽŶ&ĞĞƐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϭϳͲϮϬ ƵŝůĚŝŶŐͲDŝƐĐĞůůĂŶĞŽƵƐ&ĞĞ/ƚĞŵƐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϮϭͲϮϯ ƵŝůĚŝŶŐͲDĞĐŚĂŶŝĐĂů͕WůƵŵďŝŶŐ͕
ůĞĐƚƌŝĐĂů ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ Ϯϰ &ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϮϱͲϯϮ WŽůŝĐĞ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϯϯ ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϯϰͲϯϲ ŽĚĞ
ŶĨŽƌĐĞŵĞŶƚ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϯϳͲϯϴ ŶŝŵĂůŽŶƚƌŽů ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϯϵͲϰϭ ŶŝŵĂů^ŚĞůƚĞƌ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϰϮͲϰϯ
ĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϰϰ ZŝƐŬDĂŶĂŐĞŵĞŶƚ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϰϱ WƵďůŝĐtŽƌŬƐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϰϲ sDh^ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϰϳͲϰϵ tĂƚĞƌͲƵƐƚŽŵĞƌ^ĞƌǀŝĐĞ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϱϬ tĂƚĞƌͲhƚŝůŝƚLJWĞƌŵŝƚƐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϱϭͲϱϮ ŝƚLJůĞƌŬĂŶĚDŝƐĐĞůůĂŶĞŽƵƐĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞƐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϱϯ ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲWĂƌŬƐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϱϰ ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲ>ŝďƌĂƌLJ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϱϱ ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲZĞĐƌĞĂƚŝŽŶ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϱϲͲϱϵ /ŶĚƵƐƚƌŝĂůWƌĞƚƌĞĂƚŵĞŶƚ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϲϬ
džŚŝďŝƚ
ĂůK
^&ĞĞ^ĐŚĞĚƵůĞ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϲϭ
džŚŝďŝƚ
ĂůƚƌĂŶƐ>ĂďŽƌ^ƵƌĐŚĂƌŐĞĂŶĚ
ƋƵŝƉŵĞŶƚZĞŶƚĂůZĂƚĞƐ ͙͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘͘ ϲϮ dĂďůĞŽĨŽŶƚĞŶƚƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ dĂďůĞŽĨŽŶƚĞŶƚƐ
WůĂŶŶŝŶŐ
/ WůĂŶŶŝŶŐŽŵŵŝƐƐŝŽŶƉƉůŝĐĂƚŝŽŶdLJƉĞƐĂŶĚ&ĞĞƐ
ϭ ŽŶĚŝƚŝŽŶĂůhƐĞWĞƌŵŝƚͬƉƉůŝĐĂƚŝŽŶ ĨůĂƚ ϵ ΨϮ͕ϲϬϲ Ϯ͕ϲϳϳΨ Ϯ ĞǀĞůŽƉŵĞŶƚŐƌĞĞŵĞŶƚ
ĂƐĞ&ĞĞ ďĂƐĞ Ψϰ͕Ϭϰϵ ϰ͕ϭϱϴΨ ZĞǀŝƐŝŽŶ ĨůĂƚ Ψϭ͕ϵϳϳ Ϯ͕ϬϯϭΨ ϯ
ŶǀŝƌŽŶŵĞŶƚĂůƐƐĞƐƐŵĞŶƚ
ĂƚĞŐŽƌŝĐĂů
džĞŵƉƚŝŽŶ ĨůĂƚ Ψϭϳϵ ϭϴϰΨ /ŶŝƚŝĂů^ƚƵĚLJͬEĞŐĂƚŝǀĞĞĐůĂƌĂƚŝŽŶͲDŝŶŽƌ ĨůĂƚ ϱ Ψϭ͕ϯϭϴ ϭ͕ϯϱϰΨ /ŶŝƚŝĂů^ƚƵĚLJͬEĞŐĂƚŝǀĞĞĐůĂƌĂƚŝŽŶͲŝƚLJ^ƚĂĨĨZĞǀŝĞǁŽĨŽŶƚƌĂĐƚŽƌ ĨůĂƚ ϭ Ψϯ͕ϭϱϰ ϯ͕ϮϯϵΨ
ŶǀŝƌŽŶŵĞŶƚĂů/ŵƉĂĐƚZĞƉŽƌƚ Ϯ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĨůĂƚ Ψϲ͕ϭϰϰ ϲ͕ϯϭϬΨ ŽŶƚƌĂĐƚŽƌ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϰ 'ĞŶĞƌĂůWůĂŶŵĞŶĚŵĞŶƚ ĨůĂƚ Ψϯ͕ϰϴϯ ϯ͕ϱϳϳΨ ϱ ,ŽŵĞKĐĐƵƉĂƚŝŽŶWĞƌŵŝƚ ĨůĂƚ Ψϭ͕Ϯϳϭ ϭ͕ϯϬϱΨ ϲ WůĂŶŶĞĚhŶŝƚĞǀĞůŽƉŵĞŶƚͬDŽĚŝĨŝĐĂƚŝŽŶ ϲ
WĂƌĐĞů;ϰůŽƚƐŽƌůĞƐƐͿ ĨůĂƚ Ψϯ͕ϵϳϬ ϰ͕ϬϳϴΨ ϱͲϮϱůŽƚƐ ĨůĂƚ Ψϰ͕ϵϮϴ ϱ͕ϬϲϭΨ ϮϲͲϭϬϬůŽƚƐ ĨůĂƚ Ψϱ͕ϴϴϱ ϲ͕ϬϰϰΨ хϭϬϬůŽƚƐ͕ƉĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭϬϬůŽƚƐ ĨůĂƚ Ψϱ͕ϭϬϬ ϱ͕ϮϯϴΨ ϳ ^ŝƚĞWůĂŶͬDŽĚŝĨŝĐĂƚŝŽŶ ĨůĂƚ ΨϮ͕ϲϬϲ Ϯ͕ϲϳϳΨ ϴ ^ƉĞĐŝĨŝĐWůĂŶ ĨůĂƚ Ψϵ͕ϱϮϳ ϵ͕ϳϴϱΨ ϵ ^ƉĞĐŝĨŝĐWůĂŶŵĞŶĚŵĞŶƚ ĨůĂƚ ΨϮ͕ϯϬϳ Ϯ͕ϯϲϵΨ ϭϬ dĞŶƚĂƚŝǀĞWĂƌĐĞůDĂƉͬDŽĚͬ͘ŵĞŶĚĂŶĚsĞƐƚŝŶŐdĞŶƚĂƚŝǀĞWĂƌĐĞůDĂƉ WĂƌĐĞů;ϰůŽƚƐŽƌůĞƐƐͿ ĨůĂƚ Ψϲ͕ϭϮϭ ϲ͕ϮϴϲΨ ϱͲϮϱůŽƚƐ ĨůĂƚ Ψϲ͕ϴϯϯ ϳ͕ϬϭϳΨ ϮϲͲϭϬϬůŽƚƐ ĨůĂƚ Ψϳ͕ϱϰϱ ϳ͕ϳϰϴΨ хϭϬϬůŽƚƐ͕ƉĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭϬϬůŽƚƐ ĨůĂƚ Ψϳ͕Ϯϭϱ ϳ͕ϰϭϬΨ ϭϭ sĂƌŝĂŶĐĞ ĨůĂƚ ΨϮ͕ϰϮϰ Ϯ͕ϰϴϵΨ ϭϮ ŽŶĞŚĂŶŐĞͬŽĚĞŵĞŶĚŵĞŶƚ ĨůĂƚ Ψϯ͕ϰϯϳ ϯ͕ϱϮϵΨ
// ŽŶŝŶŐĚŵŝŶŝƐƚƌĂƚŽƌƉƉůŝĐĂƚŝŽŶdLJƉĞƐĂŶĚ&ĞĞƐ
ϭϯ ĞƌƚŝĨŝĐĂƚĞŽĨŽŵƉůŝĂŶĐĞ ĨůĂƚ ΨϮ͕Ϭϯϳ Ϯ͕ϬϵϮΨ ϭϰ
ŶǀŝƌŽŶŵĞŶƚĂůƐƐĞƐƐŵĞŶƚ
ĂƚĞŐŽƌŝĐĂů
džĞŵƉƚŝŽŶ ĨůĂƚ Ψϭϳϵ ϭϴϰΨ /ŶŝƚŝĂů^ƚƵĚLJͬEĞŐĂƚŝǀĞĞĐůĂƌĂƚŝŽŶͲDŝŶŽƌ ĨůĂƚ ϱ
/ŶŝƚŝĂů^ƚƵĚLJͬEĞŐĂƚŝǀĞĞĐůĂƌĂƚŝŽŶͲŝƚLJ^ƚĂĨĨZĞǀŝĞǁŽĨŽŶƚƌĂĐƚŽƌ ĨůĂƚ ϭ Ψϯ͕ϭϱϰ ϯ͕ϮϯϵΨ ϭϱ &ŝŶĚŝŶŐŽĨWƵďůŝĐŽŶǀĞŶŝĞŶĐĞŽƌEĞĐĞƐƐŝƚLJ ĨůĂƚ ΨϮϴϮ ϮϵϬΨ ϭϲ >Žƚ>ŝŶĞĚũƵƐƚŵĞŶƚ ĨůĂƚ ΨϰϮϰ ϰϯϱΨ ϭϳ >ŽƚDĞƌŐĞƌ ĨůĂƚ ϴ ΨϰϮϯ ϰϯϱΨ ϭϴ DĂƐƚĞƌ^ŝŐŶWƌŽŐƌĂŵ ĨůĂƚ Ψϱϲϱ ϱϴϬΨ ϭϵ DŝŶŽƌŽŶĚŝƚŝŽŶĂůhƐĞWĞƌŵŝƚ ĨůĂƚ Ψϭ͕ϭϰϴ ϭ͕ϭϳϵΨ ϮϬ DŝŶŽƌ^ŝƚĞWůĂŶ ĨůĂƚ Ψϴϵϰ ϵϭϴΨ Ϯϭ DŝŶŽƌ^ŝƚĞWůĂŶͲdƌĂĐƚ ƉĞƌĨůŽŽƌƉůĂŶ Ψϯϳϳ ϯϴϳΨ ϮϮ DŝŶŽƌsĂƌŝĂŶĐĞ ĨůĂƚ Ψϭ͕ϲϳϬ ϭ͕ϳϭϲΨ Ϯϯ DŽĚĞů,ŽŵĞŽŵƉůĞdž ĨůĂƚ ΨϳϬϲ ϳϮϱΨ Ϯϰ DŝŶŽƌĞǀŝĂƚŝŽŶ
&ĞŶĐĞŚĞŝŐŚƚĂĚũƵƐƚŵĞŶƚ ĨůĂƚ ΨϲϭϮ ϲϮϵΨ >ŽƚĐŽǀĞƌĂŐĞ ĨůĂƚ ΨϲϭϮ ϲϮϵΨ WĂƌŬŝŶŐƐƉĂĐĞƌĞĚƵĐƚŝŽŶ ĨůĂƚ ΨϲϭϮ ϲϮϵΨ ^ƚŽĐŬWůĂŶŚĂŶŐĞ ĨůĂƚ ΨϲϭϮ ϲϮϵΨ zĂƌĚĚŝŵĞŶƐŝŽŶ ĨůĂƚ ΨϲϭϮ ϲϮϵΨ &ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ WůĂŶŶŝŶŐ͕WĂŐĞϯŽĨϲϮ
WůĂŶŶŝŶŐ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
Ϯϱ WĞƚWĞƌŵŝƚ ĨůĂƚ Ψϭϴϴ ϭϵϯΨ Ϯϲ ^ƚŽƌĂŐĞŽŶƚĂŝŶĞƌ;ƐͿ ĨůĂƚ Ψϵϰ ϵϳΨ Ϯϳ dĞŶƚĂƚŝǀĞdƌĂĐƚͬWĂƌĐĞůDĂƉDŽĚ ĨůĂƚ Ψϴϵϰ ϵϭϴΨ Ϯϴ tŝƌĞůĞƐƐŽŵŵƵŶŝĐĂƚŝŽŶ&ĂĐŝůŝƚLJ;t&Ϳ
ŽͲůŽĐĂƚŝŽŶŽŶĞdžŝƐƚŝŶŐ;t&Ϳ ĨůĂƚ Ψϭ͕ϭϰϴ ϭ͕ϭϳϵΨ EĞǁŽͲůŽĐĂƚŝŽŶ ĨůĂƚ ΨϮ͕ϬϰϮ Ϯ͕ϬϵϳΨ
/// ^ƉĞĐŝĂů^ƚƵĚŝĞƐĂŶĚĞƉŽƐŝƚ&ĞĞƐ ƐĞĞĞŶŐŝŶĞĞƌŝŶŐ
ĨĞĞƐĐŚĞĚƵůĞ
ƐĞĞ
ĞŶŐŝŶĞĞƌŝŶŐĨĞĞ
ƐĐŚĞĚƵůĞ
/s dĞŵƉŽƌĂƌLJhƐĞƐ
Ϯϵ dĞŵƉŽƌĂƌLJhƐĞWĞƌŵŝƚ;WůĂŶŶŝŶŐZĞǀŝĞǁKŶůLJͿ ĨůĂƚ Ψϵϰ ϵϳΨ ϯϬ dĞŵƉŽƌĂƌLJ^ŝŐŶWĞƌŵŝƚ ĨůĂƚ Ψϰϳ ϰϴΨ ϯϭ ^ƉĞĐŝĂůhƐĞWĞƌŵŝƚ;ĨŽƌ^ƉĞĐŝĂů
ǀĞŶƚƐͿ ϯ
/ŶŝƚŝĂůƉƉůŝĐĂƚŝŽŶZĞǀŝĞǁ ĨůĂƚ Ψϯϳϳ ϯϴϳΨ ĐƚƵĂů
ǀĞŶƚ^ƵƉƉŽƌƚ ƉĞƌĞǀĞŶƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
s ƉƉĞĂůƐ
ϯϮ ƉƉĞĂůƚŽWůĂŶŶŝŶŐŽŵŵŝƐƐŝŽŶ ƉĞƌĂƉƉĞĂů Ψϳϱϯ ϳϳϯΨ ϯϯ ƉƉĞĂůƚŽŝƚLJŽƵŶĐŝů ƉĞƌĂƉƉĞĂů Ψϭ͕ϴϴϯ ϭ͕ϵϯϰΨ
s/ zĂƌĚ^ĂůĞ
ϯϰ zĂƌĚͬ'ĂƌĂŐĞ^ĂůĞ ĨůĂƚ ΨͲ ͲΨ
s// DŝƐĐĞůůĂŶĞŽƵƐ
ϯϱ ŽŶŝŶŐsĞƌŝĨŝĐĂƚŝŽŶ>ĞƚƚĞƌ ĨůĂƚ Ψϵϰ ϵϳΨ ϯϲ /ŶŝƚŝĂůEŽƚŝĐŝŶŐͲDĂŝůŝŶŐŽƐƚƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϯϳ ZĞͲEŽƚŝĐŝŶŐͲ^ƚĂĨĨdŝŵĞĂŶĚDĂŝůŝŶŐŽƐƚƐ ĐƚƵĂůŽƐƚ Ψϵϰ ϵϳΨ ϯϴ WƌĞͲƐƵďŵŝƚƚĂůZĞǀŝĞǁ ĨůĂƚ ϰ EŽŚĂƌŐĞ EŽŚĂƌŐĞ
ϯϵ 'ĞŶĞƌĂůWůĂŶ^ƵƌĐŚĂƌŐĞ ϳ ϭϬ͘Ϭй ϭϬ͘Ϭй
ϰϬ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ Ψϭϴϴ ϭϵϯΨ EŽƚĞƐ
ϭ ŽƐƚƐŽĨĐŽŶƚƌĂĐƚƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞƌĂƉƉůLJƐĞƉĂƌĂƚĞůLJ Ϯ ŝƚLJƐƚĂĨĨƚŝŵĞͬĐŽƐƚĂŶĚĐŽƐƚƐŽĨĐŽŶƚƌĂĐƚƐĞƌǀŝĐĞƐƉƌŽǀŝĚĞ ƌǁŝůůďĞďŝůůĞĚƚŽĂƉƉůŝĐĂŶƚĂƐŶĞĞĚĞĚ ϯ
ϰ
ϱ DŝŶŽƌŵĞĂŶƐĚŽĞƐŶŽƚƌĞƋƵŝƌĞƚĞĐŚŶŝĐĂůƐƚƵĚŝĞƐ͘
ϲ >ŽƚĐŽƵŶƚƐĞdžĐůƵĚĞƌĞŵĂŝŶĚĞƌůŽƚƐĂŶĚůŽƚƐŝŶƚĞŶĚĞĚĨŽƌƉƵďů ŝĐƉƵƌƉŽƐĞƐ͘ ϳ ƉƉůŝĞƐƚŽƵŝůĚŝŶŐƉĞƌŵŝƚƐŝŶǀŽůǀŝŶŐŶĞǁĐŽŶƐƚƌƵĐƚŝŽŶ͕ĂĚĚŝ ƚŝŽŶƐŽŶůLJ ϴ
ϵ ŽŶĚŝƚŝŽŶĂůƵƐĞƉĞƌŵŝƚĨĞĞƐƐŚĂůůďĞǁĂŝǀĞĚĨŽƌƉƵďůŝĐƐĐŚŽŽůƐŝƚĞĂƉƉůŝĐĂƚŝŽŶƐƐƵďŵŝƚƚĞĚďLJWƵďůŝĐ^ĐŚŽŽůŝƐƚƌŝĐƚƐƌĞƉƌĞƐĞŶƚŝŶŐŐƌĂĚĞƐ<ͲϭϮ;WͲϬϱͲ ϬϭͿ͘
>ŽƚDĞƌŐĞƌĨĞĞŵĂLJďĞǁĂŝǀĞĚŝĨƚŚĞůŽƚŵĞƌŐĞƌǁŽƵůĚ;ϭͿĞůŝŵŝŶĂƚĞƐƵďƐƚĂŶĚĂƌĚƉĂƌĐĞůƐĂŶĚͬŽƌ;ϮͿĐƌĞĂƚĞĨƌŽŵƐƵďƐƚĂŶĚĂƌĚƉĂƌĐĞůƐ͕ƉĂƌĐĞůƐƚŚĂƚ ǁŽƵůĚĞŝƚŚĞƌŵĞĞƚŽƌŵŽƌĞĐůŽƐĞůLJĂƉƉƌŽdžŝŵĂƚĞƚŚĞŵŝŶŝŵƵŵďƵŝůĚŝŶŐƐŝƚĞĂƌĞĂƐĂƐƌĞĨůĞĐƚĞĚŝŶƚŚĞnjŽŶŝŶŐŽƌĚŝŶĂŶĐĞ;WͲϴϬͲϳͿ͘ &ĞĞǁŝůůďĞĐŽůůĞĐƚĞĚĂƚƚŝŵĞŽĨĂƉƉůŝĐĂƚŝŽŶƐƵďŵŝƚƚĂůĨŽƌWůĂŶŶŝŶŐŽŵŵŝƐƐŝŽŶƌĞǀŝĞǁ͘ŽƐƚƐͬĨĞĞƐĨŽƌŽƚŚĞƌĚĞƉĂƌƚŵĞŶƚƌĞǀŝĞǁŵĂLJĂƉƉůLJƐĞƉĂƌĂƚĞůLJ KƚŚĞƌĚĞƉĂƌƚŵĞŶƚĨĞĞƐĂƉƉůLJĂƐŶĞĞĚĞĚĨŽƌŝŶŝƚŝĂůĂƉƉůŝĐĂƚŝŽŶƌĞǀŝĞǁ͖ĐŽƐƚƐĨŽƌĂĐƚƵĂůĞǀĞŶƚƐƵƉƉŽƌƚĐŚĂƌŐĞĚĂƐŶĞĞĚĞĚŽŶĂŶĂĐƚƵĂůĐŽƐƚďĂƐŝƐ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ WůĂŶŶŝŶŐ͕WĂŐĞϰŽĨϲϮ
>ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ
/ /ƐƐƵĂŶĐĞ͕WĞƌŵŝƚƚŝŶŐ͕Θ/ŶƐƉĞĐƚŝŽŶ
ϭ WƌĞͲ/ŶƐƉĞĐƚŝŽŶͬZŝŐŚƚͲŽĨͲtĂLJ/ŶǀĞƐƚŝŐĂƚŝŽŶ ĞĂĐŚ ϭ ϳϱΨ ϳϳΨ Ϯ ZKtWĞƌŵŝƚ/ƐƐƵĂŶĐĞ ĞĂĐŚ ϮϬϭΨ ϮϬϲΨ ϯ ZĞͲ/ŶƐƉĞĐƚŝŽŶ ĞĂĐŚ ϭϲϯΨ ϭϲϳΨ ϰ sŝŽůĂƚŝŽŶͬEŽŶͲŽŵƉůŝĂŶĐĞ ĞĂĐŚ ϯ
ZĞĨĞƌƚŽ
sŝĐƚŽƌǀŝůůĞ
DƵŶŝĐŝƉĂůŽĚĞ
ŚĂƉƚĞƌƐϭ͘Ϭϰ
ĂŶĚϭ͘Ϭϱ
ZĞĨĞƌƚŽ
sŝĐƚŽƌǀŝůůĞ
DƵŶŝĐŝƉĂůŽĚĞ
ŚĂƉƚĞƌƐϭ͘Ϭϰ
ĂŶĚϭ͘Ϭϱ
ϱ /ŶƐƉĞĐƚŝŽŶƐKƵƚƐŝĚĞEŽƌŵĂů,ŽƵƌƐ
KǀĞƌƚŝŵĞͲϰͲŚŽƵƌƐŵŝŶ ŚŽƵƌůLJ ϭϭϲΨ ϭϮϬΨ // ŽŶĐƌĞƚĞ/ŶƐƉĞĐƚŝŽŶƐ Ϯ
ϲ ZĞƐŝĚĞŶƚŝĂůƌŝǀĞƉƉƌŽĂĐŚ ĞĂĐŚ ϯϬϭΨ ϯϭϬΨ ϳ ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůƌŝǀĞƉƉƌŽĂĐŚ ĞĂĐŚ ϱϬϮΨ ϱϭϲΨ ϴ ^ŝĚĞǁĂůŬ
ϬͲϭϬϬ>& ďĂƐĞ ϮϱϭΨ ϮϱϴΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞƉĞƌϭϬϬ>& ĞĂĐŚ ϱϬΨ ϱϮΨ ϵ ƵƌďΘ'ƵƚƚĞƌ
ϬͲϭϬϬ>& ďĂƐĞ ϮϱϭΨ ϮϱϴΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞƉĞƌϭϬϬ>& ĞĂĐŚ ϱϬΨ ϱϮΨ /// ƌĂŝŶĂŐĞ/ŶƐƉĞĐƚŝŽŶƐ Ϯ
ϭϬ ĂƚĐŚĂƐŝŶ
ϭͲϰĂƐŝŶƐ ďĂƐĞ ϯϱϮΨ ϯϲϭΨ ĞĂĐŚĂĚĚŝƚŝŽŶĂůϰĂƐŝŶƐ ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ ϭϭ ƵƌďŽƌĞͬhŶĚĞƌ^ŝĚĞǁĂůŬƌĂŝŶ
ϭͲϱĂƐŝŶƐ ďĂƐĞ ϮϬϭΨ ϮϬϲΨ ĞĂĐŚĂĚĚŝƚŝŽŶĂůϱĂƐŝŶƐ ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ ϭϮ ůůĞLJͬZŝďďŽŶ'ƵƚƚĞƌ
ϬͲϭϬϬ>& ďĂƐĞ ϮϬϭΨ ϮϬϲΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞƉĞƌϭϬϬ>& ĞĂĐŚ ϱϬΨ ϱϮΨ ϭϯ ^tWWW
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ ϭ͕ϯϬϲΨ ϭ͕ϯϰϮΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϭϰ tYDWͬEW
^
^ƵďĚŝǀŝƐŝŽŶZĞǀŝĞǁ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ ϭ͕ϯϬϲΨ ϭ͕ϯϰϮΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
DƵůƚŝͬŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůZĞǀŝĞǁ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ ϭ͕ϯϬϲΨ ϭ͕ϯϰϮΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ĂŶĚĞǀĂŶĚ
ŶŐŝŶĞĞƌŝŶŐ͕WĂŐĞϱŽĨϲϮ
>ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϭϱ D^ϰ/ŶƐƉĞĐƚŝŽŶƐ Ϯ
DŝŶŽƌŽŶƐƚƌƵĐƚŝŽŶϮ͘ϱŽƌ>ĞƐƐΘ/ŶͲ&ŝůů>ŽƚƐ ĞĂĐŚ ϱϱϯΨ ϱϲϴΨ ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůͬDƵůƚŝŽƌWƌŽũĞĐƚƐ'ƌĞĂƚĞƌƚŚĂŶϮ͘ϱ ĞĂĐŚ ϴϱϰΨ ϴϳϳΨ ^ƵďĚŝǀŝƐŝŽŶƐ ĞĂĐŚ ϱ͕ϯϮϲΨ ϱ͕ϰϲϵΨ /s dƌĞŶĐŚΘWĂǀĞŵĞŶƚ/ŶƐƉĞĐƚŝŽŶƐ Ϯ
ϭϲ KƉĞŶdƌĞŶĐŚ
džĐĂǀĂƚŝŽŶ
ϬͲϭϬϬ>& ďĂƐĞ ϯϬϭΨ ϯϭϬΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞƉĞƌϭϬϬ>& ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ ϭϳ ŽƌĞ Ϯ
ϬͲϭϬϬ>& ďĂƐĞ ϯϬϭΨ ϯϭϬΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞƉĞƌϭϬϬ>& ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ ϭϴ Ğůů,ŽůĞƐͬŽƌĞ,ŽůĞƐͬWŽƚ,ŽůĞƐͬ^ůŝĐĞWŝƚƐ Ϯ
ϬͲϴ
ďĂƐĞ ϭϬϵΨ ϭϭϮΨ
ϵͲϭϲ
ďĂƐĞ ϭϬϵΨ ϭϭϮΨ
ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞĨŽƌĞĂĐŚ ĞĂĐŚ Ϭ͘ϯϰΨ Ϭ͘ϯϰΨ ϭϳ
н ďĂƐĞ ϭϬϵΨ ϭϭϮΨ
ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞĨŽƌĞĂĐŚ ĞĂĐŚ Ϭ͘ϯϰΨ Ϭ͘ϯϰΨ ϭϵ WĂǀĞŵĞŶƚƵƚƐ Ϯ
ϬͲϯϬϬ>& ďĂƐĞ ϮϬϭΨ ϮϬϲΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞƉĞƌ>& ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ ϮϬ WĂǀŝŶŐ
ϬͲϭϬϬ^Y&d ďĂƐĞ ϯϬϭΨ ϯϭϬΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞƉĞƌϭϬϬ^Y&d ĞĂĐŚ ϭϱϭΨ ϭϱϱΨ s &ŝŶĂůDĂƉZĞǀŝĞǁ&ĞĞƐ
Ϯϭ dĞŶƚĂƚŝǀĞWĂƌĐĞůDĂƉͬDŽĚͬ͘ŵĞŶĚ ĨůĂƚ
^ĞĞWůĂŶŶŝŶŐ
&ĞĞ^ĐŚĞĚƵůĞ
^ĞĞWůĂŶŶŝŶŐ
&ĞĞ^ĐŚĞĚƵůĞ
WĂƌĐĞů;ϰůŽƚƐŽƌůĞƐƐͿ ĨůĂƚ ϯ͕Ϯϲϲ ϯ͕ϯϱϰΨ ϱͲϮϱůŽƚƐ ĨůĂƚ ϱ͕ϳϳϴ ϱ͕ϵϯϰΨ ϮϲͲϭϬϬůŽƚƐ ĨůĂƚ ϵ͕ϳϵϳ ϭϬ͕ϬϲϮΨ хϭϬϬůŽƚƐ͕ƉĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭϬϬůŽƚƐ ĨůĂƚ ϭϲ͕Ϭϳϳ ϭϲ͕ϱϭϭΨ s/ WƵďůŝĐ/ŵƉƌŽǀĞŵĞŶƚͲWůĂŶŚĞĐŬ Ϯ
ϮϮ ŽŵŵĞƌĐŝĂůͬZĞƐŝĚĞŶƚŝĂů^ƵďĚŝǀŝƐŝŽŶ
Ψ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽΨϱϬ͕ϬϬϬ ϵϱϱΨ ϵϴϬΨ Ψ ϱϬ͕ϬϬϭ ďĂƐĞĨĞĞĂƚΨϱϬ͕ϬϬϭ Ϯ͕ϴϲϰΨ Ϯ͕ϵϰϭΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϵϱ͘ϵϰΨ ϮϬϭ͘ϮϯΨ Ψ ϮϱϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϮϱϬ͕ϬϬϬ ϲ͕ϳϴϯΨ ϲ͕ϵϲϲΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϱϬ͘ϳϮΨ ϭϱϰ͘ϳϵΨ Ψ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱϬϬ͕ϬϬϬ ϭϬ͕ϱϱϭΨ ϭϬ͕ϴϯϲΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϲϬ͘ϳϳΨ ϭϲϱ͘ϭϭΨ Ψ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϭ͕ϬϬϬ͕ϬϬϬ ϭϴ͕ϱϴϵΨ ϭϵ͕ϬϵϭΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϲ͘ϯϯΨ ϭϲ͘ϳϳΨ Ψ ϱ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱ͕ϬϬϬ͕ϬϬϬ ϴ Ϯϱ͕ϭϮϭΨ Ϯϱ͕ϳϵϵΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ĂŶĚĞǀĂŶĚ
ŶŐŝŶĞĞƌŝŶŐ͕WĂŐĞϲŽĨϲϮ
>ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
Ϯϯ ŽŶƐƚƌƵĐƚŝŽŶ
džĐĂǀĂƚŝŽŶ;^ŝŶŐůĞͬ/ŶͲ&ŝůůͿ
Ψ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽΨϱϬ͕ϬϬϬ ϭ͕ϬϬϱΨ ϭ͕ϬϯϮΨ Ψ ϱϬ͕ϬϬϭ ďĂƐĞĨĞĞĂƚΨϱϬ͕ϬϬϭ ϰ͕ϬϭϵΨ ϰ͕ϭϮϴΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ Ϯϯϴ͘ϲϱΨ Ϯϰϱ͘ϬϵΨ Ψ ϮϱϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϮϱϬ͕ϬϬϬ ϴ͕ϳϵϮΨ ϵ͕ϬϯϬΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϯϮϭ͘ϱϰΨ ϯϯϬ͘ϮϯΨ Ψ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱϬϬ͕ϬϬϬ ϭϲ͕ϴϯϭΨ ϭϳ͕ϮϴϱΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϲϱ͘ϴϬΨ ϭϳϬ͘ϮϳΨ Ψ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϭ͕ϬϬϬ͕ϬϬϬ Ϯϱ͕ϭϮϭΨ Ϯϱ͕ϳϵϵΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϵϳ͘ϯϰΨ ϵϵ͘ϵϳΨ Ψ ϱ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱ͕ϬϬϬ͕ϬϬϬ ϴ ϲϰ͕ϬϱϴΨ ϲϱ͕ϳϴϳΨ Ϯϰ tĂƚĞƌ/ŵƉƌŽǀĞŵĞŶƚƐ
Ψ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽΨϱϬ͕ϬϬϬ ϵϱϱΨ ϵϴϬΨ Ψ ϱϬ͕ϬϬϭ ďĂƐĞĨĞĞĂƚΨϱϬ͕ϬϬϭ Ϯ͕ϴϲϰΨ Ϯ͕ϵϰϭΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϵϱ͘ϵϰΨ ϮϬϭ͘ϮϯΨ Ψ ϮϱϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϮϱϬ͕ϬϬϬ ϲ͕ϳϴϯΨ ϲ͕ϵϲϲΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϵϬ͘ϵϮΨ ϭϵϲ͘ϬϳΨ Ψ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱϬϬ͕ϬϬϬ ϭϭ͕ϱϱϲΨ ϭϭ͕ϴϲϴΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ Ϯϭϭ͘ϬϭΨ Ϯϭϲ͘ϳϭΨ Ψ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϭ͕ϬϬϬ͕ϬϬϬ ϮϮ͕ϭϬϲΨ ϮϮ͕ϳϬϯΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϮϬ͘ϭϬΨ ϮϬ͘ϲϰΨ Ψ ϱ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱ͕ϬϬϬ͕ϬϬϬ ϴ ϯϬ͕ϭϰϱΨ ϯϬ͕ϵϱϵΨ Ϯϱ ^ĞǁĞƌ/ŵƉƌŽǀĞŵĞŶƚƐ
Ψ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽΨϱϬ͕ϬϬϬ ϵϱϱΨ ϵϴϬΨ Ψ ϱϬ͕ϬϬϭ ďĂƐĞĨĞĞĂƚΨϱϬ͕ϬϬϭ Ϯ͕ϴϲϰΨ Ϯ͕ϵϰϭΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϵϱ͘ϵϰΨ ϮϬϭ͘ϮϯΨ Ψ ϮϱϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϮϱϬ͕ϬϬϬ ϲ͕ϳϴϯΨ ϲ͕ϵϲϲΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϵϬ͘ϵϮΨ ϭϵϲ͘ϬϳΨ Ψ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱϬϬ͕ϬϬϬ ϭϭ͕ϱϱϲΨ ϭϭ͕ϴϲϴΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ Ϯϭϭ͘ϬϭΨ Ϯϭϲ͘ϳϭΨ Ψ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϭ͕ϬϬϬ͕ϬϬϬ ϮϮ͕ϭϬϲΨ ϮϮ͕ϳϬϯΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϮϬ͘ϭϬΨ ϮϬ͘ϲϰΨ Ψ ϱ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱ͕ϬϬϬ͕ϬϬϬ ϴ ϯϬ͕ϭϰϱΨ ϯϬ͕ϵϱϵΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ĂŶĚĞǀĂŶĚ
ŶŐŝŶĞĞƌŝŶŐ͕WĂŐĞϳŽĨϲϮ
>ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
s// WƵďůŝĐ/ŵƉƌŽǀĞŵĞŶƚͲ/ŶƐƉĞĐƚŝŽŶ
Ϯϲ ŽŵŵĞƌĐŝĂůͬZĞƐŝĚĞŶƚŝĂů^ƵďĚŝǀŝƐŝŽŶ
Ψ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽΨϱϬ͕ϬϬϬ ϭ͕ϬϬϱΨ ϭ͕ϬϯϮΨ Ψ ϱϬ͕ϬϬϭ ďĂƐĞĨĞĞĂƚΨϱϬ͕ϬϬϭ ϰ͕ϬϭϵΨ ϰ͕ϭϮϴΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ Ϯϯϴ͘ϲϱΨ Ϯϰϱ͘ϬϵΨ Ψ ϮϱϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϮϱϬ͕ϬϬϬ ϴ͕ϳϵϮΨ ϵ͕ϬϯϬΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϯϮϭ͘ϱϰΨ ϯϯϬ͘ϮϯΨ Ψ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱϬϬ͕ϬϬϬ ϭϲ͕ϴϯϭΨ ϭϳ͕ϮϴϱΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϵϰϰ͘ϱϰΨ ϵϳϬ͘ϬϰΨ Ψ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϭ͕ϬϬϬ͕ϬϬϬ ϲϰ͕ϬϱϴΨ ϲϱ͕ϳϴϳΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϬϯ͘ϲϮΨ ϭϬϲ͘ϰϮΨ Ψ ϱ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱ͕ϬϬϬ͕ϬϬϬ ϴ ϭϬϱ͕ϱϬϳΨ ϭϬϴ͕ϯϱϲΨ Ϯϳ ŽŶƐƚƌƵĐƚŝŽŶ
džĐĂǀĂƚŝŽŶ;^ŝŶŐůĞͬ/ŶͲ&ŝůůͿ
Ψ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽΨϱϬ͕ϬϬϬ ϭ͕ϬϬϱΨ ϭ͕ϬϯϮΨ Ψ ϱϬ͕ϬϬϭ ďĂƐĞĨĞĞĂƚΨϱϬ͕ϬϬϭ ϰ͕ϬϭϵΨ ϰ͕ϭϮϴΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ Ϯϯϴ͘ϲϱΨ Ϯϰϱ͘ϬϵΨ Ψ ϮϱϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϮϱϬ͕ϬϬϬ ϴ͕ϳϵϮΨ ϵ͕ϬϯϬΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϯϮϭ͘ϱϰΨ ϯϯϬ͘ϮϯΨ Ψ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱϬϬ͕ϬϬϬ ϭϲ͕ϴϯϭΨ ϭϳ͕ϮϴϱΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϵϰϰ͘ϱϰΨ ϵϳϬ͘ϬϰΨ Ψ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϭ͕ϬϬϬ͕ϬϬϬ ϲϰ͕ϬϱϴΨ ϲϱ͕ϳϴϳΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϬϯ͘ϲϮΨ ϭϬϲ͘ϰϮΨ Ψ ϱ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱ͕ϬϬϬ͕ϬϬϬ ϴ ϭϬϱ͕ϱϬϳΨ ϭϬϴ͕ϯϱϲΨ Ϯϴ dƌĂĨĨŝĐ^ŝŐŶĂůͬ^ŝŐŶĂŐĞΘ^ƚƌŝƉŝŶŐ
&ŝƌƐƚ^ŝŐŶĂů ĞĂĐŚ ϮϮϲΨ ϮϯϮΨ
ĂĐŚĂĚĚΖů^ŝŐŶĂůhŶĚĞƌƚŚĞ^ĂŵĞWƌŽũĞĐƚ ĞĂĐŚ ϭϱϭΨ ϭϱϱΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ĂŶĚĞǀĂŶĚ
ŶŐŝŶĞĞƌŝŶŐ͕WĂŐĞϴŽĨϲϮ
>ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
Ϯϵ tĂƚĞƌ/ŵƉƌŽǀĞŵĞŶƚƐ
Ψ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽΨϱϬ͕ϬϬϬ ϭ͕ϬϬϱΨ ϭ͕ϬϯϮΨ Ψ ϱϬ͕ϬϬϭ ďĂƐĞĨĞĞĂƚΨϱϬ͕ϬϬϭ ϰ͕ϬϭϵΨ ϰ͕ϭϮϴΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ Ϯϯϴ͘ϲϱΨ Ϯϰϱ͘ϬϵΨ Ψ ϮϱϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϮϱϬ͕ϬϬϬ ϴ͕ϳϵϮΨ ϵ͕ϬϯϬΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϯϮϭ͘ϱϰΨ ϯϯϬ͘ϮϯΨ Ψ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱϬϬ͕ϬϬϬ ϭϲ͕ϴϯϭΨ ϭϳ͕ϮϴϱΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϵϰϰ͘ϱϰΨ ϵϳϬ͘ϬϰΨ Ψ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϭ͕ϬϬϬ͕ϬϬϬ ϲϰ͕ϬϱϴΨ ϲϱ͕ϳϴϳΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϬϯ͘ϲϮΨ ϭϬϲ͘ϰϮΨ Ψ ϱ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱ͕ϬϬϬ͕ϬϬϬ ϴ ϭϬϱ͕ϱϬϳΨ ϭϬϴ͕ϯϱϲΨ ϯϬ ^ĞǁĞƌ/ŵƉƌŽǀĞŵĞŶƚƐ
Ψ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽΨϱϬ͕ϬϬϬ ϭ͕ϬϬϱΨ ϭ͕ϬϯϮΨ Ψ ϱϬ͕ϬϬϭ ďĂƐĞĨĞĞĂƚΨϱϬ͕ϬϬϭ ϰ͕ϬϭϵΨ ϰ͕ϭϮϴΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ Ϯϯϴ͘ϲϱΨ Ϯϰϱ͘ϬϵΨ Ψ ϮϱϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϮϱϬ͕ϬϬϬ ϴ͕ϳϵϮΨ ϵ͕ϬϯϬΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϯϮϭ͘ϱϰΨ ϯϯϬ͘ϮϯΨ Ψ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱϬϬ͕ϬϬϬ ϭϲ͕ϴϯϭΨ ϭϳ͕ϮϴϱΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϵϰϰ͘ϱϰΨ ϵϳϬ͘ϬϰΨ Ψ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϭ͕ϬϬϬ͕ϬϬϬ ϲϰ͕ϬϱϴΨ ϲϱ͕ϳϴϳΨ ĞĂĐŚĂĚĚΖůΨϭϬ͕ϬϬϬŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ϭϬϯ͘ϲϮΨ ϭϬϲ͘ϰϮΨ Ψ ϱ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞĂƚΨϱ͕ϬϬϬ͕ϬϬϬ ϴ ϭϬϱ͕ϱϬϳΨ ϭϬϴ͕ϯϱϲΨ ϯϭ dƌĂĨĨŝĐŽŶƚƌŽů
WůĂŶŚĞĐŬ ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ /ŶƐƉĞĐƚŝŽŶͬDŽŶŝƚŽƌŝŶŐ ĚĂŝůLJ ϳϱΨ ϳϳΨ ϯϮ ^ƵďĚŝǀŝƐŝŽŶ^ƚƌĞĞƚ^ŝŐŶĂŐĞ
͘^ŝŐŶ/ŶƐƚĂůůĂƚŝŽŶ
ϭ͘ϯϲΗ^ƚŽƉ^ŝŐŶ͕ϭͲĂƐĞ͕ϭͲWŽůĞΘϮͲ^ƚƌĞĞƚEĂŵĞ^ŝŐŶƐǁŝƚŚůĂďŽƌ ƉĞƌůŽĐĂƚŝŽŶ ϮϬϭΨ ϮϬϲΨ Ϯ͘ϯϬΗ^ƚŽƉ^ŝŐŶ͕ϭͲĂƐĞ͕ϭͲWŽůĞΘϮͲ^ƚƌĞĞƚEĂŵĞ^ŝŐŶƐǁŝƚŚůĂďŽƌ ƉĞƌůŽĐĂƚŝŽŶ ϮϬϭΨ ϮϬϲΨ ϯ͘ϭͲĂƐĞ͕ϭͲWŽůĞΘϮͲ^ƚƌĞĞƚEĂŵĞ^ŝŐŶƐǁŝƚŚůĂďŽƌ ƉĞƌůŽĐĂƚŝŽŶ ϮϬϭΨ ϮϬϲΨ ͘^ƚƌĞĞƚ^ŝŐŶĂŐĞ/ŶĚŝǀŝĚƵĂůWƌŝĐŝŶŐ
ϭ͘^ƚƌĞĞƚEĂŵĞ^ŝŐŶ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
Ϯ͘WŽůĞ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϯ͘ĂƐĞŶĐŚŽƌ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϰ͘^ƚŽƉ^ŝŐŶ;ZϭͿϯϬΗ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϱ͘^ƚŽƉ^ŝŐŶ;ZϭͿϯϲΗ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϲ͘>ĂďŽƌ/ŶƐƚĂůůĂƚŝŽŶΘ&ĂďƌŝĐĂƚŝŽŶ ƉĞƌůŽĐĂƚŝŽŶ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϳ͘^ŝŐŶdƌƵĐŬ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϴ͘^ŝŐŶĂƉΘƌŽƐƐ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϯϯ DŽŶƵŵĞŶƚĂƚŝŽŶΘĞŶƚĞƌůŝŶĞdŝĞƐ Ϯ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ĂŶĚĞǀĂŶĚ
ŶŐŝŶĞĞƌŝŶŐ͕WĂŐĞϵŽĨϲϮ
>ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϬͲϭϬϬ>ŽƚƐ ďĂƐĞ ϰϬϮΨ ϰϭϯΨ ϭϬϭͲϮϬϬ>ŽƚƐ ďĂƐĞ ϲϬϯΨ ϲϭϵΨ ϮϬϭн>ŽƚƐ ďĂƐĞ ϴϬϰΨ ϴϮϲΨ ϯϰ ^ĞĐƵƌŝƚLJZĞůĞĂƐĞͬ^ƵďƐƚŝƚƵƚŝŽŶ ĞĂĐŚ ϮϰϯΨ ϮϰϵΨ s/// ZĞƉŽƌƚƐ͕^ƚƵĚŝĞƐΘŽĐƵŵĞŶƚZĞǀŝĞǁ
ϯϱ ,LJĚƌŽůŽŐLJ^ƚƵĚLJ
WƌĞůŝŵŝŶĂƌLJ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ ϭ͕ϬϬϱΨ ϭ͕ϬϯϮΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
&ŝŶĂů
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ Ϯ͕ϲϯϴΨ Ϯ͕ϳϬϵΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϯϲ tYDW
WƌĞůŝŵŝŶĂƌLJ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ Ϯ͕ϮϲϭΨ Ϯ͕ϯϮϮΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
&ŝŶĂů
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ ϲϱϯΨ ϲϳϭΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϯϳ ^ĞǁĞƌ&ĞĂƐŝďŝůŝƚLJ^ƚƵĚLJ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ ϭ͕ϭϱϲΨ ϭ͕ϭϴϳΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϯϴ dƌĂĨĨŝĐ^ƚƵĚLJ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ Ϯ͕ϱϭϮΨ Ϯ͕ϱϴϬΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϯϵ tĂƚĞƌ&ĞĂƐŝďŝůŝƚLJ^ƚƵĚLJ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ ϭ͕ϭϱϲΨ ϭ͕ϭϴϳΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϰϬ tĂƚĞƌ^ƵƉƉůLJƐƐĞƐƐŵĞŶƚ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ĞĂĐŚ Ϯ͕ϱϭϮΨ Ϯ͕ϱϴϬΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϰϭ 'ĞŽƚĞĐŚŶŝĐĂůZĞƉŽƌƚ
ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ E
t ĐƚƵĂůŽƐƚ
ϰϮ ZĞƐĞĂƌĐŚ
&ŝƌƐƚϮŚŽƵƌƐ ďĂƐĞ
^ĞĞŝƚLJůĞƌŬ
&ĞĞ^ĐŚĞĚƵůĞ
ĨŽƌZĞƐĞĂƌĐŚ
&ĞĞƐ
^ĞĞŝƚLJůĞƌŬ
&ĞĞ^ĐŚĞĚƵůĞ
ĨŽƌZĞƐĞĂƌĐŚ
&ĞĞƐ
ĨƚĞƌϮŚŽƵƌƐ ŚŽƵƌůLJ ϭϬϬΨ ϭϬϯΨ ZĞƉƌŽĚƵĐƚŝŽŶŽƐƚƐ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ĂŶĚĞǀĂŶĚ
ŶŐŝŶĞĞƌŝŶŐ͕WĂŐĞϭϬŽĨϲϮ
>ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϰϯ sĂĐĂƚŝŽŶƐ͕ZŝŐŚƚͲŽĨͲtĂLJ͕
ĂƐĞŵĞŶƚƐ͕ŽƌĞĚŝĐĂƚŝŽŶƐ
WƌŽĐĞƐƐŝŶŐ&ĞĞ ĞĂĐŚ ϯϱϮΨ ϯϲϭΨ ZĞĐŽƌĚŝŶŐ ĞĂĐŚ WĞƌŽƵŶƚLJ WĞƌŽƵŶƚLJ
ŚĞĐŬŝŶŐDŝŶŽƌ ĞĂĐŚ ϮϰϯΨ ϮϰϵΨ ŚĞĐŬŝŶŐDĂũŽƌ;DĞƚĞƐĂŶĚŽƵŶĚƐͿ ĞĂĐŚ ϰϬϮΨ ϰϭϯΨ WƌĞƉĂƌĞĚďLJŝƚLJ
DŝŶŽƌ ĞĂĐŚ ϮϬϵΨ ϮϭϱΨ DĂũŽƌ ĞĂĐŚ ϵϬϰΨ ϵϮϵΨ ϰϰ ŐƌĞĞŵĞŶƚƐ
^ƵďĚŝǀŝƐŝŽŶ͕ĞǀĞůŽƉŵĞŶƚ͕ΘhƚŝůŝƚLJ^ƵƌĞƚLJŐƌĞĞŵĞŶƚ ĞĂĐŚ ϰ ϯϬϭΨ ϯϭϬΨ ^Ğƚhh͕hh^Θ>/ ĞĂĐŚ ͲΨ ͲΨ ^ƵďĚŝǀŝƐŝŽŶ
džƚĞŶƐŝŽŶŽĨdŝŵĞ ĞĂĐŚ ͲΨ ͲΨ ϰϱ ƐƐĞƐƐŵĞŶƚŝƐƚƌŝĐƚ&ŽƌŵĂƚŝŽŶ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϰϲ >ŝĞŶŐƌĞĞŵĞŶƚWƌŽĐĞƐƐŝŶŐ&ĞĞ ĞĂĐŚ ϰ ϯϱϮΨ ϯϲϭΨ ϰϳ >ŝĞŶŐƌĞĞŵĞŶƚZĞǀĞƌƐŝŽŶƚŽĐƌĞĂŐĞĞƉŽƐŝƚ ĚĞƉŽƐŝƚƉĞƌƚƌĂĐƚŵĂƉ ϰ ϯϱϮΨ ϯϲϭΨ ϰϴ >ŝĞŶŐƌĞĞŵĞŶƚDĂŝŶƚĞŶĂŶĐĞͬƵƐƚDŝƚŝŐĂƚŝŽŶĞƉŽƐŝƚ ĚĞƉŽƐŝƚƉĞƌůŽƚ ϰ ϯϱϮΨ ϯϲϭΨ ϰϵ ZĞůĞĂƐĞ͕ŽƌWĂƌƚŝĂůZĞůĞĂƐĞŽĨZĞĐŽƌĚĞĚŐƌĞĞŵĞŶƚƐ ĞĂĐŚ ϰ ϮϬϭΨ ϮϬϲΨ ϱϬ ZĞŝŵďƵƌƐĞŵĞŶƚŐƌĞĞŵĞŶƚƐ ĞĂĐŚ ϰ ϲϬϯΨ ϲϭϵΨ ϱϭ ŐƌĞĞŵĞŶƚZĞͲƐƐŝŐŶŵĞŶƚ ĞĂĐŚ ϰ ϱϬϮΨ ϱϭϲΨ ϱϮ sĂƌŝĂŶĐĞ ĞĂĐŚ ƐĞĞƉůĂŶŶŝŶŐ
ĨĞĞƐĐŚĞĚƵůĞ
ƐĞĞƉůĂŶŶŝŶŐ
ĨĞĞƐĐŚĞĚƵůĞ
/y ;WĞƌŵŝƚͿ
ŶŐŝŶĞĞƌŝŶŐͲhƚŝůŝƚLJƵƚƐ/ŶƐƉĞĐƚŝŽŶ&ĞĞ
ϱϯ hƚŝůŝƚLJƵƚƐ Ϯ
ϬͲϯϬϬ>& ďĂƐĞ ϮϬϭΨ ϮϬϲΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞĨŽƌĞĂĐŚĂĚĚΖůϯϬϬ>& ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ ϱϰ hƚŝůŝƚLJdƌĞŶĐŚͬŽƌĞ Ϯ
ϬͲϯϬϬ>& ďĂƐĞ ϮϬϭΨ ϮϬϲΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞĨŽƌĞĂĐŚĂĚĚΖůϯϬϬ>& ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ ϱϱ hƚŝůŝƚLJ^ƚƌƵĐƚƵƌĞƐ Ϯ
ϬͲϴ
ďĂƐĞ ϭϰϱΨ ϭϰϵΨ
ϵͲϭϲ
ďĂƐĞ ϭϰϱΨ ϭϰϵΨ
ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞĨŽƌĞĂĐŚ ĞĂĐŚ ϲΨ ϲΨ ϭϳ
н ďĂƐĞ ϭϰϱΨ ϭϰϵΨ
ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞĨŽƌĞĂĐŚ ĞĂĐŚ ϲΨ ϲΨ ϱϲ hŶĚĞƌŐƌŽƵŶĚŝŶŐhƚŝůŝƚŝĞƐ Ϯ
ϬͲϯϬϬ>& ďĂƐĞ ϮϬϭΨ ϮϬϲΨ ĂĚĚŝƚŝŽŶĂůĐŚĂƌŐĞĨŽƌĞĂĐŚĂĚĚΖůϯϬϬ>& ĞĂĐŚ ϭϬϬΨ ϭϬϯΨ y ^ƉĞĐŝĂůƚLJΘDŝƐĐĞůůĂŶĞŽƵƐWĞƌŵŝƚƚŝŶŐΘ/ŶƐƉĞĐƚŝŽŶƐ
ϱϳ WĂƌĂĚĞ ĞĂĐŚ ϱ Ψϯϵϯ ϰϬϯΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ĂŶĚĞǀĂŶĚ
ŶŐŝŶĞĞƌŝŶŐ͕WĂŐĞϭϭŽĨϲϮ
>ĂŶĚĞǀĞůŽƉŵĞŶƚΘ
ŶŐŝŶĞĞƌŝŶŐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϱϴ ^ƉĞĐŝĂůhƐĞWĞƌŵŝƚ ĞĂĐŚ ϱ ^ĞĞWůĂŶŶŝŶŐ
&ĞĞƐĐŚĞĚƵůĞ
^ĞĞWůĂŶŶŝŶŐ
&ĞĞƐĐŚĞĚƵůĞ
ϱϵ &ŝůŵŝŶŐ ĞĂĐŚ ϲ Ψϯϵϯ ϰϬϯΨ y/ dƌĂŶƐƉŽƌƚĂƚŝŽŶΘWĞƌŵŝƚƚŝŶŐ
ϲϬ dƌĂŶƐƉŽƌƚĂƚŝŽŶ/ƐƐƵĂŶĐĞ ĞĂĐŚ ϵ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ ϲϭ ZĞĐƌĞĂƚŝŽŶĂůsĞŚŝĐůĞ ĞĂĐŚ ϵ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ ϲϮ KǀĞƌƐŝnjĞ>ŽĂĚͲWƵƌƉůĞ ĞĂĐŚ ϵ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ ϲϯ ^ŝŶŐůĞͲKǀĞƌƐŝnjĞ>ŽĂĚ;'ƌĞĞŶͿ ƉĞƌƚƌŝƉ ϵ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ ϲϰ ZĞƉĞƚŝƚŝǀĞͲKǀĞƌƐŝnjĞ>ŽĂĚ;'ƌĞĞŶͿ ĞĂĐŚ ϵ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ ϲϱ DŽǀŝŶŐ ĞĂĐŚ ϳ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϲϲ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϭϬϰ ϭϬϳΨ EŽƚĞƐ
ϭ ƌĞĚŝƚĨŽƌĨĞĞĂŵŽƵŶƚǁŝůůďĞĂƉƉůŝĞĚƚŽǁĂƌĚƉĞƌŵŝƚŝƐƐƵĂŶĐĞ ͘ Ϯ ZKtWĞƌŵŝƚ/ƐƐƵĂŶĐĞ&ĞĞĂƉƉůŝĞƐƐĞƉĂƌĂƚĞůLJ͖ĂƐǁĞůůĂƐĐŚĂƌŐ ĞďĂƐĞĚŽŶĂĐĐƵŵƵůĂƚŝǀĞ>ŝŶĞĂƌ&ĞĞƚ;>&Ϳ͘ ϯ &ŝŶĞͬWĞŶĂůƚLJ
ϰ ƚƚŽƌŶĞLJĨĞĞƐĂƌĞĐŚĂƌŐĞĚŝŶĂĚĚŝƚŝŽŶƚŽƚŚĞĨĞĞůŝƐƚĞĚ͘ ϱ
ŽƐƚƐZĞĂƐŽŶĂďůLJŽƌŶĞĂŶĚ/ŶƐƵƌĂŶĐĞZĞƋƵŝƌĞĚĂƐĞƚĞƌŵŝŶĞĚďLJZŝƐŬDĂŶĂŐĞŵĞŶƚĂƌĞĐŚĂƌŐĞĚŝŶĂĚĚŝƟŽŶƚŽƚŚĞĨĞĞůŝƐƚĞĚ͘ ϲ
ϳ ŽƐƚƐZĞĂƐŽŶĂďůLJŽƌŶĞ͕^ƵƌĞƚLJ͕ĂŶĚ/ŶƐƵƌĂŶĐĞZĞƋƵŝƌĞŵĞŶƚƐĂ ƐĞƚĞƌŵŝŶĞĚďLJZŝƐŬDĂŶĂŐĞŵĞŶƚĂƌĞĐŚĂƌŐĞĚ͘ ϴ WƌŽũĞĐƚƐƐŝŐŶŝĨŝĐĂŶƚůLJŝŶĞdžĐĞƐƐŽĨΨϱDDǁŝůůďĞĞǀĂůƵĂƚĞĚď LJƚŚĞ ŶŐŝŶĞĞƌ͖ƉŽƚĞŶƚŝĂůĚĞƉŽƐŝƚŵĂLJďĞƌĞƋƵŝƌĞĚ͘
ϵ ^ĞƚďLJ^ƚĂƚĞ
ŽƐƚƐZĞĂƐŽŶĂďůLJŽƌŶĞ͕/ŶƐƵƌĂŶĐĞZĞƋƵŝƌĞĚĂƐĞƚĞƌŵŝŶĞĚďLJZŝƐŬDĂŶĂŐĞŵĞŶƚ͕&ŝůŵƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ͕ĂŶĚ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ĂŶĚĞǀĂŶĚ
ŶŐŝŶĞĞƌŝŶŐ͕WĂŐĞϭϮŽĨϲϮ
ƵŝůĚŝŶŐͲ^ĐĂůĞĚWůĂŶŚĞĐŬ&ĞĞƐ
h/>/E'W>E,
<
ϭ
ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůhƐĞƐͲ;ůůŶĞǁůLJĐŽŶƐƚƌƵĐƚĞĚŽƌĂĚĚĞĚƐƉĂĐĞĨŽƌŶŽŶͲƌĞƐŝĚĞŶƚŝĂů ŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐĐŽŵŵĞƌĐŝĂůŽƌŝŶĚƵƐƚƌŝĂůƚŚĂƚĂƌĞŶŽƚƐƉĞĐŝĨŝĐĂůůLJĂĚĚƌĞƐƐĞĚ ĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ΨϮ͕ϭϯϳ Ϯ͕ϭϵϱΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘ϭϯ Ϭ͘ϭϰΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ ΨϮ͕ϳϯϯ Ϯ͕ϴϬϲΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘ϭϯ Ϭ͘ϭϯΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ Ψϯ͕ϯϲϯ ϯ͕ϰϱϰΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϮΨ Ϭ͘ϬϮΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ Ψϰ͕Ϯϳϰ ϰ͕ϯϵϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϮΨ Ϭ͘ϬϮΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ ϱ͕ϮϮϬΨ ϱ͕ϯϲϭΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϬϮΨ Ϭ͘ϬϬϮΨ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬ͕ϬϬϬƐ͘Ĩ͘ ϲ͕ϭϯϭΨ ϲ͕ϮϵϳΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϬϮΨ Ϭ͘ϬϬϮΨ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭ͕ϬϬϬ͕ϬϬϬƐ͘Ĩ͘ ϳ͕ϬϳϳΨ ϳ͕ϮϲϴΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ
Ϯ
ŽŵŵĞƌĐŝĂůZĞƐŝĚĞŶƚŝĂůĂŶĚDƵůƚŝĨĂŵŝůLJZĞƐŝĚĞŶƚŝĂůhƐĞƐͲ;ůůŶĞǁůLJĐŽŶƐƚƌƵĐƚĞĚŽƌ ĂĚĚĞĚƐƉĂĐĞĨŽƌƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐ'ƌŽƵƉZ;ĞdžĐĞƉƚZͲϯͿ͕ŽƌŽƚŚĞƌ ƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJĂĚĚƌĞƐƐĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ Ψϭ͕ϯϲϲ ϭ͕ϰϬϯΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϰϬΨ Ϭ͘ϰϭΨ Ϯ͕ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
Ϯ͕ϱϬϬƐ͘Ĩ͘ Ϯ͕ϭϳϮΨ Ϯ͕ϮϯϭΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϯϲΨ Ϭ͘ϯϳΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ ϯ͕ϬϴϯΨ ϯ͕ϭϲϲΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϴΨ Ϭ͘ϭϵΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ ϯ͕ϵϵϰΨ ϰ͕ϭϬϮΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϮΨ Ϭ͘ϬϮΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ ϰ͕ϵϬϱΨ ϱ͕ϬϯϳΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϮΨ Ϭ͘ϬϮΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ ϱ͕ϲϳϲΨ ϱ͕ϴϮϵΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϲΨ Ϭ͘ϬϲΨ ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
/͘E
tKE^dZhd/KE͕/d/KE^͕ED:KZZ
DK
>^
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐ^ĐĂůĞĚW͕WĂŐĞϭϯŽĨϲϮ ƵŝůĚŝŶŐͲ^ĐĂůĞĚWůĂŶŚĞĐŬ&ĞĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϯ
ĐĐĞƐƐŽƌLJĂŶĚhƚŝůŝƚLJhƐĞƐͲ;ůůŶĞǁůLJĐŽŶƐƚƌƵĐƚĞĚ͕ĂĚĚĞĚŽƌƐƚƌƵĐƚƵƌĂůůLJƌĞŵŽĚĞůĞĚ ƐƉĂĐĞĨŽƌƵƚŝůŝƚLJĂŶĚĂĐĐĞƐƐŽƌLJŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐ'ƌŽƵƉh͕ŽƌŽƚŚĞƌƵƚŝůŝƚLJĂŶĚ ĂĐĐĞƐƐŽƌLJŽĐĐƵƉĂŶĐŝĞƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJĂĚĚƌĞƐƐĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞͿ
ϮϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϮϬϬƐ͘Ĩ͘ ΨϮϴϬ ϮϴϴΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ͲΨ ͲΨ ϰϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϰϬϬƐ͘Ĩ͘ ϮϴϬΨ ϮϴϴΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϳϬΨ Ϭ͘ϳϮΨ ϲϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϲϬϬƐ͘Ĩ͘ ϰϮϬΨ ϰϯϮΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϯϱΨ Ϭ͘ϯϲΨ ϭ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭ͕ϬϬϬƐ͘Ĩ͘ ϱϲϭΨ ϱϳϲΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϳΨ Ϭ͘ϬϳΨ ϯ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϯ͕ϬϬϬƐ͘Ĩ͘ ϳϬϭΨ ϳϮϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϮϯΨ Ϭ͘ϮϰΨ
ϰ
^ŚĞůůƵŝůĚŝŶŐƐĨŽƌĂůůŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůhƐĞƐͲ;dŚĞĞŶĐůŽƐƵƌĞĨŽƌĂůůŶĞǁůLJ ĐŽŶƐƚƌƵĐƚĞĚŽƌĂĚĚĞĚƐƉĂĐĞĨŽƌŶŽŶͲƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐĐŽŵŵĞƌĐŝĂůŽƌ ŝŶĚƵƐƚƌŝĂůƚŚĂƚĂƌĞŶŽƚƐƉĞĐŝĨŝĐĂůůLJĂĚĚƌĞƐƐĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞǁŚĞƌĞƚŚĞ ŝŶƚĞƌŝŽƌŝƐŶŽƚĐŽŵƉůĞƚĞĚŽƌŽĐĐƵƉŝĂďůĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ϭ͕ϳϴϳΨ ϭ͕ϴϯϱΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϬΨ Ϭ͘ϭϬΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ Ϯ͕ϮϰϮΨ Ϯ͕ϯϬϯΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϵΨ Ϭ͘ϬϵΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ Ϯ͕ϲϵϴΨ Ϯ͕ϳϳϭΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϮΨ Ϭ͘ϬϮΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ ϯ͕ϰϲϴΨ ϯ͕ϱϲϮΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϮΨ Ϭ͘ϬϮΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ ϰ͕ϮϯϵΨ ϰ͕ϯϱϰΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϬϮΨ Ϭ͘ϬϬϮΨ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬ͕ϬϬϬƐ͘Ĩ͘ ϰ͕ϴϳϬΨ ϱ͕ϬϬϭΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϬϮΨ Ϭ͘ϬϬϮΨ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭ͕ϬϬϬ͕ϬϬϬƐ͘Ĩ͘ ϱ͕ϲϰϭΨ ϱ͕ϳϵϯΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐ^ĐĂůĞĚW͕WĂŐĞϭϰŽĨϲϮ ƵŝůĚŝŶŐͲ^ĐĂůĞĚWůĂŶŚĞĐŬ&ĞĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϱ ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůdĞŶĂŶƚ/ŵƉƌŽǀĞŵĞŶƚͲ;ůůŵŽĚŝĨŝĐĂƚŝŽŶƐŽƌŝŵƉƌŽǀĞŵĞŶƚƐƚŽ ĞdžŝƐƚŝŶŐƐƋƵĂƌĞĨŽŽƚĂŐĞĨŽƌŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐĐŽŵŵĞƌĐŝĂůƚLJƉĞƐͿ ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ϭ͕ϬϭϲΨ ϭ͕ϬϰϯΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϮΨ Ϭ͘ϭϯΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ ϭ͕ϱϳϳΨ ϭ͕ϲϭϵΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϬΨ Ϭ͘ϭϬΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ Ϯ͕ϬϲϳΨ Ϯ͕ϭϮϯΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ Ϯ͕ϱϵϯΨ Ϯ͕ϲϲϯΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ ϯ͕ϮϵϯΨ ϯ͕ϯϴϮΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϯΨ Ϭ͘ϬϯΨ
ϲ
ŽŵŵĞƌĐŝĂůZĞƐŝĚĞŶƚŝĂůĂŶĚDƵůƚŝĨĂŵŝůLJZĞƐŝĚĞŶƚŝĂůZĞŵŽĚĞůƐͲ;ůůŵŽĚŝĨŝĐĂƚŝŽŶƐŽƌ ŝŵƉƌŽǀĞŵĞŶƚƐƚŽĞdžŝƐƚŝŶŐƐƋƵĂƌĞĨŽŽƚĂŐĞĨŽƌƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐ 'ƌŽƵƉZ;ĞdžĐĞƉƚZͲϯͿͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ Ψϭ͕Ϭϭϲ ϭ͕ϬϰϯΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϴΨ Ϭ͘ϭϴΨ Ϯ͕ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
Ϯ͕ϱϬϬƐ͘Ĩ͘ ϭ͕ϯϲϲΨ ϭ͕ϰϬϯΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϴΨ Ϭ͘ϬϵΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ ϭ͕ϱϳϳΨ ϭ͕ϲϭϵΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϬΨ Ϭ͘ϭϬΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ Ϯ͕ϬϲϳΨ Ϯ͕ϭϮϯΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ Ϯ͕ϱϵϯΨ Ϯ͕ϲϲϯΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ ϯ͕ϮϵϯΨ ϯ͕ϯϴϮΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϯΨ Ϭ͘ϬϯΨ
ϳ DĂƐƚĞƌWůŽƚƚŝŶŐWůĂŶZĞǀŝĞǁ
WĂƌĐĞů;ϰůŽƚƐŽƌůĞƐƐͿ ĞĂĐŚ ΨϮϴϬ ϮϴϴΨ ϱͲϮϱůŽƚƐ ĞĂĐŚ Ψϱϲϭ ϱϳϲΨ ϮϲͲϭϬϬůŽƚƐ ĞĂĐŚ Ψϴϰϭ ϴϲϰΨ хϭϬϬůŽƚƐ͕ƉĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭϬϬůŽƚƐ ĞĂĐŚ ΨϮϴϬ ϮϴϴΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐ^ĐĂůĞĚW͕WĂŐĞϭϱŽĨϲϮ ƵŝůĚŝŶŐͲ^ĐĂůĞĚWůĂŶŚĞĐŬ&ĞĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϴ
^ŝŶŐůĞ&ĂŵŝůLJǁĞůůŝŶŐƐĂŶĚƵƉůĞdžĞƐͲ;ůůŶĞǁůLJĐŽŶƐƚƌƵĐƚĞĚŽƌĂĚĚĞĚƐƉĂĐĞĨŽƌ ƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐ'ƌŽƵƉZͲϯ͕ŝŶĐůƵĚŝŶŐĐƵƐƚŽŵďƵŝůĚƐĂŶĚŵŽĚĞů ŚŽŵĞƐĨŽƌƚƌĂĐƚŵĂƐƚĞƌƉůĂŶƐ͕ŽƌŽƚŚĞƌƐŝŵŝůĂƌƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJ ĂĚĚƌĞƐƐĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ϳϬϭΨ ϳϮϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϴΨ Ϭ͘ϭϴΨ Ϯ͕ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
Ϯ͕ϱϬϬƐ͘Ĩ͘ ϭ͕ϬϱϭΨ ϭ͕ϬϳϵΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϴΨ Ϭ͘ϬϵΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϰ͕ϬϬϬƐ͘Ĩ͘ ϭ͕ϮϲϭΨ ϭ͕ϮϵϱΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϮϱΨ Ϭ͘ϮϲΨ
ϵ ƵƉůŝĐĂƚĞ&ůŽŽƌWůĂŶZĞǀŝĞǁͲ^ŝŶŐůĞ&ĂŵŝůLJǁĞůůŝŶŐƐĂŶĚƵƉů ĞdžĞƐ ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭ͕ϬϬϬƐ͘Ĩ͘ ϰϵϬΨ ϱϬϰΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϳΨ Ϭ͘ϬϴΨ Ϯ͕ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
Ϯ͕ϱϬϬƐ͘Ĩ͘ ϲϯϴΨ ϲϱϱΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϲΨ Ϭ͘ϬϲΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϰ͕ϬϬϬƐ͘Ĩ͘ ϳϴϱΨ ϴϬϲΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϲΨ Ϭ͘ϭϲΨ ϭϬ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐ ĨƵůůLJďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚ ƚŽƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ϭϰϬΨ ϭϰϰΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐ^ĐĂůĞĚW͕WĂŐĞϭϲŽĨϲϮ ƵŝůĚŝŶŐͲ^ĐĂůĞĚ/ŶƐƉĞĐƚŝŽŶ&ĞĞƐ
h/>/E'W
ZD/dͬ/E^W
d/KE
ϭ
ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůhƐĞƐͲ;ůůŶĞǁůLJĐŽŶƐƚƌƵĐƚĞĚŽƌĂĚĚĞĚƐƉĂĐĞĨŽƌŶŽŶͲƌĞƐŝĚĞŶƚŝĂů ŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐĐŽŵŵĞƌĐŝĂůŽƌŝŶĚƵƐƚƌŝĂůƚŚĂƚĂƌĞŶŽƚƐƉĞĐŝĨŝĐĂůůLJĂĚĚƌĞƐƐĞĚ ĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ΨϮ͕ϭϬϮ Ϯ͕ϭϱϵΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘ϯϰ Ϭ͘ϯϱΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ Ψϯ͕ϲϰϰ ϯ͕ϳϰϮΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘ϭϭ Ϭ͘ϭϮΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ Ψϰ͕ϮϬϰ ϰ͕ϯϭϴΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϰΨ Ϭ͘ϬϰΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ Ψϱ͕ϴϴϲ ϲ͕ϬϰϱΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϰΨ Ϭ͘ϬϰΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ ϳ͕ϴϰϴΨ ϴ͕ϬϲϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϬϱΨ Ϭ͘ϬϬϱΨ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬ͕ϬϬϬƐ͘Ĩ͘ ϵ͕ϴϭϬΨ ϭϬ͕ϬϳϱΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭ͕ϬϬϬ͕ϬϬϬƐ͘Ĩ͘ ϭϯ͕ϯϭϯΨ ϭϯ͕ϲϳϯΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ
Ϯ
ŽŵŵĞƌĐŝĂůZĞƐŝĚĞŶƚŝĂůĂŶĚDƵůƚŝĨĂŵŝůLJZĞƐŝĚĞŶƚŝĂůhƐĞƐͲ;ůůŶĞǁůLJĐŽŶƐƚƌƵĐƚĞĚŽƌ ĂĚĚĞĚƐƉĂĐĞĨŽƌƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐ'ƌŽƵƉZ;ĞdžĐĞƉƚZͲϯͿ͕ŽƌŽƚŚĞƌ ƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJĂĚĚƌĞƐƐĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ Ψϭ͕ϵϲϮ Ϯ͕ϬϭϱΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘ϱϲ Ϭ͘ϱϴΨ Ϯ͕ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
Ϯ͕ϱϬϬƐ͘Ĩ͘ Ψϯ͕Ϭϴϯ ϯ͕ϭϲϲΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϰϱΨ Ϭ͘ϰϲΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ Ψϰ͕ϮϬϰ ϰ͕ϯϭϴΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϰϮΨ Ϭ͘ϰϯΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ Ψϲ͕ϯϬϲ ϲ͕ϰϳϳΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϮΨ Ϭ͘ϭϯΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ Ψϭϭ͕Ϯϭϭ ϭϭ͕ϱϭϰΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϯΨ Ϭ͘ϭϯΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ Ψϭϳ͕ϱϭϳ ϭϳ͕ϵϵϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘ϭϴ Ϭ͘ϭϴΨ ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
EŽƚĞƐ
/͘E
tKE^dZhd/KE͕/d/KE^͕ED:KZZ
DK
>^
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐ^ĐĂůĞĚ/ŶƐƉ͕WĂŐĞϭϳŽĨϲϮ ƵŝůĚŝŶŐͲ^ĐĂůĞĚ/ŶƐƉĞĐƚŝŽŶ&ĞĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
EŽƚĞƐ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
ϯ
ĐĐĞƐƐŽƌLJĂŶĚhƚŝůŝƚLJhƐĞƐͲ;ůůŶĞǁůLJĐŽŶƐƚƌƵĐƚĞĚ͕ĂĚĚĞĚŽƌƐƚƌƵĐƚƵƌĂůůLJƌĞŵŽĚĞůĞĚ ƐƉĂĐĞĨŽƌƵƚŝůŝƚLJĂŶĚĂĐĐĞƐƐŽƌLJŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐ'ƌŽƵƉh͕ŽƌŽƚŚĞƌƵƚŝůŝƚLJĂŶĚ ĂĐĐĞƐƐŽƌLJŽĐĐƵƉĂŶĐŝĞƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJĂĚĚƌĞƐƐĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞͿ
ϮϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϮϬϬƐ͘Ĩ͘ ΨϮϭϬ ϮϭϲΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘ϯϱ Ϭ͘ϯϲΨ ϰϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϰϬϬƐ͘Ĩ͘ ΨϮϴϬ ϮϴϴΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϯϱΨ Ϭ͘ϯϲΨ ϲϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϲϬϬƐ͘Ĩ͘ ΨϯϱϬ ϯϲϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϴΨ Ϭ͘ϭϴΨ ϭ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭ͕ϬϬϬƐ͘Ĩ͘ ϰϮϬΨ ϰϯϮΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϳΨ Ϭ͘ϬϳΨ ϯ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϯ͕ϬϬϬƐ͘Ĩ͘ Ψϱϲϭ ϱϳϲΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘ϭϵ Ϭ͘ϭϵΨ
ϰ
^ŚĞůůƵŝůĚŝŶŐƐĨŽƌĂůůŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůhƐĞƐͲ;dŚĞĞŶĐůŽƐƵƌĞĨŽƌĂůůŶĞǁůLJ ĐŽŶƐƚƌƵĐƚĞĚŽƌĂĚĚĞĚƐƉĂĐĞĨŽƌŶŽŶͲƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐĐŽŵŵĞƌĐŝĂůŽƌ ŝŶĚƵƐƚƌŝĂůƚŚĂƚĂƌĞŶŽƚƐƉĞĐŝĨŝĐĂůůLJĂĚĚƌĞƐƐĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞǁŚĞƌĞƚŚĞ ŝŶƚĞƌŝŽƌŝƐŶŽƚĐŽŵƉůĞƚĞĚŽƌŽĐĐƵƉŝĂďůĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ϭ͕ϲϴϮΨ ϭ͕ϳϮϳΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϮϴΨ Ϭ͘ϮϵΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ Ϯ͕ϵϰϯΨ ϯ͕ϬϮϮΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϴΨ Ϭ͘ϬϵΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ ϯ͕ϯϲϯΨ ϯ͕ϰϱϰΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϰΨ Ϭ͘ϬϰΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ ϰ͕ϳϲϱΨ ϰ͕ϴϵϯΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϯΨ Ϭ͘ϬϯΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ ϲ͕ϯϬϲΨ ϲ͕ϰϳϳΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϬϰΨ Ϭ͘ϬϬϰΨ ϱϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬ͕ϬϬϬƐ͘Ĩ͘ ϳ͕ϴϰϴΨ ϴ͕ϬϲϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ ϭ͕ϬϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭ͕ϬϬϬ͕ϬϬϬƐ͘Ĩ͘ ϭϬ͕ϲϱϭΨ ϭϬ͕ϵϯϴΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϭΨ Ϭ͘ϬϭΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐ^ĐĂůĞĚ/ŶƐƉ͕WĂŐĞϭϴŽĨϲϮ ƵŝůĚŝŶŐͲ^ĐĂůĞĚ/ŶƐƉĞĐƚŝŽŶ&ĞĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
EŽƚĞƐ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
ϱ ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůdĞŶĂŶƚ/ŵƉƌŽǀĞŵĞŶƚͲ;ůůŵŽĚŝĨŝĐĂƚŝŽŶƐŽƌŝŵƉƌŽǀĞŵĞŶƚƐƚŽ ĞdžŝƐƚŝŶŐƐƋƵĂƌĞĨŽŽƚĂŐĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ϵϴϭΨ ϭ͕ϬϬϳΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϲΨ Ϭ͘ϭϲΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ ϭ͕ϲϴϮΨ ϭ͕ϳϮϳΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϴΨ Ϭ͘ϬϵΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ ΨϮ͕ϭϬϮ Ϯ͕ϭϱϵΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϰΨ Ϭ͘ϬϰΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ Ψϯ͕ϱϬϯ ϯ͕ϱϵϴΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϯΨ Ϭ͘ϬϯΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ Ψϰ͕ϵϬϱ ϱ͕ϬϯϳΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘Ϭϱ Ϭ͘ϬϱΨ
ϲ
ŽŵŵĞƌĐŝĂůZĞƐŝĚĞŶƚŝĂůĂŶĚDƵůƚŝĨĂŵŝůLJZĞƐŝĚĞŶƚŝĂůZĞŵŽĚĞůƐͲ;ůůŵŽĚŝĨŝĐĂƚŝŽŶƐŽƌ ŝŵƉƌŽǀĞŵĞŶƚƐƚŽĞdžŝƐƚŝŶŐƐƋƵĂƌĞĨŽŽƚĂŐĞĨŽƌƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐ 'ƌŽƵƉZ;ĞdžĐĞƉƚZͲϯͿͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ΨϳϬϭ ϳϮϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϮϴΨ Ϭ͘ϮϵΨ Ϯ͕ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
Ϯ͕ϱϬϬƐ͘Ĩ͘ Ψϭ͕Ϯϲϭ ϭ͕ϮϵϱΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϳΨ Ϭ͘ϭϳΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ Ψϭ͕ϲϴϮ ϭ͕ϳϮϳΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϳΨ Ϭ͘ϭϳΨ ϭϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬ͕ϬϬϬƐ͘Ĩ͘ ΨϮ͕ϱϮϯ Ϯ͕ϱϵϭΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϰΨ Ϭ͘ϬϰΨ ϱϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬ͕ϬϬϬƐ͘Ĩ͘ Ψϯ͕ϵϮϰ ϰ͕ϬϯϬΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϬϯΨ Ϭ͘ϬϯΨ ϭϬϬ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϭϬϬ͕ϬϬϬƐ͘Ĩ͘ Ψϱ͕ϯϮϱ ϱ͕ϰϲϵΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ ΨϬ͘Ϭϱ Ϭ͘ϬϱΨ
ϳ DĂƐƚĞƌWůŽƚƚŝŶŐWůĂŶZĞǀŝĞǁ
WĂƌĐĞů;ϰůŽƚƐŽƌůĞƐƐͿ ĞĂĐŚ ΨϮϴϬ ϮϴϴΨ ϱͲϮϱůŽƚƐ ĞĂĐŚ Ψϱϲϭ ϱϳϲΨ ϮϲͲϭϬϬůŽƚƐ ĞĂĐŚ Ψϴϰϭ ϴϲϰΨ хϭϬϬůŽƚƐ͕ƉĞƌĞĂĐŚĂĚĚŝƚŝŽŶĂůϭϬϬůŽƚƐ ĞĂĐŚ ΨϮϴϬ ϮϴϴΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐ^ĐĂůĞĚ/ŶƐƉ͕WĂŐĞϭϵŽĨϲϮ ƵŝůĚŝŶŐͲ^ĐĂůĞĚ/ŶƐƉĞĐƚŝŽŶ&ĞĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
EŽƚĞƐ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
ϴ
^ŝŶŐůĞ&ĂŵŝůLJǁĞůůŝŶŐƐĂŶĚƵƉůĞdžĞƐͲ;ůůŶĞǁůLJĐŽŶƐƚƌƵĐƚĞĚŽƌĂĚĚĞĚƐƉĂĐĞĨŽƌ ƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐĐůĂƐƐŝĨŝĞĚĂƐ'ƌŽƵƉZͲϯ͕ŝŶĐůƵĚŝŶŐĐƵƐƚŽŵďƵŝůĚƐĂŶĚŵŽĚĞů ŚŽŵĞƐĨŽƌƚƌĂĐƚŵĂƐƚĞƌƉůĂŶƐ͕ŽƌŽƚŚĞƌƐŝŵŝůĂƌƌĞƐŝĚĞŶƚŝĂůŽĐĐƵƉĂŶĐŝĞƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJ ĂĚĚƌĞƐƐĞĚĞůƐĞǁŚĞƌĞŝŶƚŚŝƐ&ĞĞ^ĐŚĞĚƵůĞͿ
ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱϬϬƐ͘Ĩ͘ ϭ͕ϮϲϭΨ ϭ͕ϮϵϱΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϮϭΨ Ϭ͘ϮϮΨ Ϯ͕ϱϬϬ ďĂƐĞĨĞĞƵƉƚŽ
Ϯ͕ϱϬϬƐ͘Ĩ͘ ϭ͕ϲϴϮΨ ϭ͕ϳϮϳΨ
ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϭϭΨ Ϭ͘ϭϮΨ ϱ͕ϬϬϬ ďĂƐĞĨĞĞƵƉƚŽ
ϱ͕ϬϬϬƐ͘Ĩ͘ Ψϭ͕ϵϲϮ Ϯ͕ϬϭϱΨ ĞĂĐŚĂĚĚΖůƐ͘Ĩ͘ Ϭ͘ϯϵΨ Ϭ͘ϰϬΨ ϵ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐ ĨƵůůLJďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚ ƚŽƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ϭϰϬΨ ϭϰϰΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐ^ĐĂůĞĚ/ŶƐƉ͕WĂŐĞϮϬŽĨϲϮ ƵŝůĚŝŶŐͲDŝƐĐĞůůĂŶĞŽƵƐ&ĞĞ/ƚĞŵƐ
//͘D/EKZͬD/^
>>E
Kh^Z
^/
Ed/>ΘKDD
Z/>/DWZKs
D
Ed^
ϭ ďŽǀĞ'ƌŽƵŶĚ^ƚŽƌĂŐĞdĂŶŬ ƉĞƌƉĞƌŵŝƚ Ψϳϳϭ ϳϵϮΨ Ϯ ĂƚƚĞƌLJ^ƚŽƌĂŐĞ^LJƐƚĞŵ
ZĞƐŝĚĞŶƚŝĂůĂƚƚĞƌLJ^ƚŽƌĂŐĞ^LJƐƚĞŵ ƉĞƌƉĞƌŵŝƚ ΨϳϬ ϳϮΨ ŽŵŵĞƌĐŝĂůĂƚƚĞƌLJ^ƚŽƌĂŐĞ^LJƐƚĞŵ ƉĞƌƉĞƌŵŝƚ ΨϭϰϬ ϭϰϰΨ ^ƚĂŶĚůŽŶĞ^LJƐƚĞŵƐ ƉĞƌƉĞƌŵŝƚ E
t ϯϮϰΨ
ϯ Ğůů^ŝƚĞ
EĞǁĞůů^ŝƚĞ/ŶĐůƵĚŝŶŐdŽǁĞƌΘ
ŶĐůŽƐƵƌĞ ĞĂĐŚ Ψϳϳϭ ϳϵϮΨ ZĞƚƌŽĨŝƚŽĨ
džŝƐƚŝŶŐĞůů^ŝƚĞ ĞĂĐŚ Ψϯϴϱ ϯϵϲΨ ϰ ǁŶŝŶŐŽƌĂŶŽƉLJ
hƉƚŽϭ͕ϬϬϬƐ͘Ĩ͘ ĞĂĐŚ Ψϳϳϭ ϳϵϮΨ KǀĞƌϭ͕ϬϬϬƐ͘Ĩ͘ ĞĂĐŚ Ψϭ͕ϭϮϭ ϭ͕ϭϱϭΨ ϱ ĞƌƚŝĨŝĐĂƚĞŽĨKĐĐƵƉĂŶĐLJ ƉĞƌƉĞƌŵŝƚ Ψϭϳϲ ϭϴϬΨ ϲ dĞŵƉŽƌĂƌLJĞƌƚŝĨŝĐĂƚĞŽĨKĐĐƵƉĂĐLJ
ƉƉůŝĐĂƚŝŽŶ ĞĂĐŚ Ψϭ͕Ϯϲϭ ϭ͕ϮϵϱΨ ĞƉŽƐŝƚͲĐƵƌƌĞŶƚůLJΨϱ͕ϬϬϬ͕ƌĞĨƵŶĚĂďůĞŝĨƉĞƌŵĂŶĞŶƚŽĨKŝƐƐƵĞĚǁŝƚŚŝŶϯϬĚĂLJƐ ĞĂĐŚ ϳ ĞĐŬƐͬĂůĐŽŶLJ ĞĂĐŚ Ψϯϴϱ ϯϵϲΨ ϴ ĞŵŽůŝƚŝŽŶŽĨƵŝůĚŝŶŐ ĞĂĐŚ Ψϯϴϱ ϯϵϲΨ ϵ
ůĞĐƚƌŝĐsĞŚŝĐůĞŚĂƌŐŝŶŐ^ƚĂƚŝŽŶ;ƐͿ
&ŝƌƐƚŽƵƚůĞƚ ĞĂĐŚ E
t ϳϮϬΨ
ĂĐŚĂĚĚŝƚŝŽŶĂů ĞĂĐŚ E
t ϭϰϰΨ
ϭϬ &ĞŶĐĞŽƌ&ƌĞĞƐƚĂŶĚŝŶŐtĂůů
hƉƚŽϱϬϬƐ͘Ĩ͘ ĞĂĐŚ ΨϭϰϬ ϭϰϰΨ ϱϬϬͲϱ͕ϬϬϬƐ͘Ĩ͘ ĞĂĐŚ ΨϮϭϬ ϮϭϲΨ KǀĞƌϱ͕ϬϬϬƐ͘Ĩ͘ ĞĂĐŚ ΨϯϮϮ ϯϯϭΨ ϭϭ &ŝƌĞĂŵĂŐĞZĞƉĂŝƌͲZĞƐŝĚĞŶƚŝĂů
DŝŶŽƌ ƉĞƌƉĞƌŵŝƚ Ψϳϳϭ ϳϵϮΨ DĂũŽƌ ƉĞƌƉĞƌŵŝƚ Ψϭ͕ϰϬϭ ϭ͕ϰϯϵΨ ϭϮ &ŝƌĞƉůĂĐĞ/ŶƐƚĂůůĂƚŝŽŶ ƉĞƌƉĞƌŵŝƚ ΨϮϭϬ ϮϭϲΨ ϭϯ /ŶǀĞƐƚŝŐĂƚŝŽŶĂů ƉĞƌƉĞƌŵŝƚ Ψϱϲϭ ϱϳϲΨ ϭϰ DĂŶƵĨĂĐƚƵƌĞĚ,ŽƵƐĞͬƵŝůĚŝŶŐ
EĞǁŽŵŵĞƌĐŝĂů ƉĞƌƉĞƌŵŝƚ Ψϴϳϲ ϵϬϬΨ EĞǁZĞƐŝĚĞŶƚŝĂů ƉĞƌƉĞƌŵŝƚ Ψϴϳϲ ϵϬϬΨ ZĞƐŝĚĞŶƚŝĂůŽŶǀĞƌƐŝŽŶƚŽWĞƌŵĂŶĞŶƚ&ŽƵŶĚĂƚŝŽŶ ƉĞƌƉĞƌŵŝƚ Ψϲϲϲ ϲϴϰΨ ϭϱ
DŽďŝůĞ,ŽŵĞ;tŝƚŚŝŶĂƉĂƌŬ͕ƉĞƌĐƵƌƌĞŶƚĞĚŝƚŝŽŶŽĨdŝƚůĞϮϱ͕ƉƵďůŝƐŚĞĚďLJĂůŝĨŽƌŶŝĂ ŝǀŝƐŝŽŶŽĨ,ŽƵƐŝŶŐĂŶĚŽŵŵƵŶŝƚLJĞǀĞůŽƉŵĞŶƚ͘ͿEŽƚƚŽĞdžĐĞĞĚdŝƚůĞϮϱŵĂdžŝŵƵŵƐ͗ ΨϭϵϲƐĞĚŽǁŶ͕ΨϰϭͬĂĐĐĞƐƐŽƌLJƐƚƌƵĐƚƵƌĞ
ƉĞƌƉĞƌŵŝƚ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ
ϭϲ WĂƌƚŝƚŝŽŶͬtĂůůͲ/ŶƚĞƌŝŽƌͬEŽŶͲ^ƚƌƵĐƚƵƌĂůфϭϬϬΖ ƉĞƌƉĞƌŵŝƚ ΨϮϰϲ ϮϱϮΨ ϭϳ WĂƚŝŽŽǀĞƌ
tŽŽĚ&ƌĂŵĞ ĞĂĐŚ Ψϯϴϱ ϯϵϲΨ tŽŽĚ&ƌĂŵĞǁŝƚŚŽǀĞƌΘ
ůĞĐƚƌŝĐĂů ĞĂĐŚ Ψϰϯϴ ϰϱϬΨ WƌĞͲ
ŶŐŝŶĞĞƌĞĚEŽŶͲtŽŽĚ&ƌĂŵĞ ĞĂĐŚ ΨϮϴϭ ϮϴϵΨ WƌĞͲ
ŶŐŝŶĞĞƌĞĚEŽŶͲtŽŽĚ&ƌĂŵĞǁŝƚŚ
ůĞĐƚƌŝĐĂů ĞĂĐŚ ΨϮϵϵ ϯϬϳΨ ϭϴ WĂƚŝŽ
ŶĐůŽƐƵƌĞ
tŽŽĚ&ƌĂŵĞ ĞĂĐŚ ΨϰϮϬ ϰϯϮΨ tŽŽĚ&ƌĂŵĞǁŝƚŚ
ůĞĐƚƌŝĐĂů ĞĂĐŚ Ψϰϯϴ ϰϱϬΨ WƌĞͲ
ŶŐŝŶĞĞƌĞĚEŽŶͲtŽŽĚ&ƌĂŵĞ ĞĂĐŚ ΨϮϴϭ ϮϴϵΨ WƌĞͲ
ŶŐŝŶĞĞƌĞĚEŽŶͲtŽŽĚ&ƌĂŵĞǁŝƚŚ
ůĞĐƚƌŝĐĂů ĞĂĐŚ ΨϮϵϵ ϯϬϳΨ ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐDŝƐĐ/ƚĞŵƐ͕WĂŐĞϮϭŽĨϲϮ ƵŝůĚŝŶŐͲDŝƐĐĞůůĂŶĞŽƵƐ&ĞĞ/ƚĞŵƐ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϭϵ WŚŽƚŽǀŽůƚĂŝĐZĞƐŝĚĞŶƚŝĂů^LJƐƚĞŵ;ƵƉƚŽϭϱŬtͿ ƉĞƌƉĞƌŵŝƚ Ϯ ΨϯϱϬ ϯϲϬΨ &ŽƌĞĂĐŚŬǁŽǀĞƌϭϱŬt ƉĞƌŬt Ϯ Ψϭϱ ϭϱΨ ϮϬ WŚŽƚŽǀŽůƚĂŝĐZĞƐŝĚĞŶƚŝĂůdŚĞƌŵĂů^LJƐƚĞŵƐ;hƉƚŽϭϱŬtƚŚͿ ƉĞƌƉĞƌ ŵŝƚ Ϯ ΨϯϱϬ ϯϲϬΨ &ŽƌĞĂĐŚŬtƚŚŽǀĞƌϭϬŬtƚŚ ƉĞƌŬtƚŚ Ϯ Ψϭϱ ϭϱΨ Ϯϭ WŚŽƚŽǀŽůƚĂŝĐŽŵŵĞƌĐŝĂů^LJƐƚĞŵƐ;hƉƚŽϱϬŬtͿ ƉĞƌƉĞƌŵŝƚ Ϯ Ψϵϴϭ ϭ͕ϬϬϬΨ &ŽƌĞĂĐŚŬǁďĞƚǁĞĞŶϱϭͲϮϱϬŬt ƉĞƌŬt Ϯ Ψϳ ϳΨ ϮϮ WŚŽƚŽǀŽůƚĂŝĐŽŵŵĞƌĐŝĂů^LJƐƚĞŵƐ;ϮϱϬŬtͿ ƉĞƌƉĞƌŵŝƚ Ϯ ΨϮ͕ϯϵϯ Ϯ͕ϯϵϯΨ WůƵƐ;ĨŽƌĞĂĐŚŬǁŽǀĞƌϮϱϬŬtͿ ƉĞƌŬt Ϯ Ψϱ ϱΨ Ϯϯ WŚŽƚŽǀŽůƚĂŝĐŽŵŵĞƌĐŝĂůdŚĞƌŵĂů^LJƐƚĞŵƐ;hƉƚŽϯϬŬtƚŚͿͿ ƉĞƌƉĞƌ ŵŝƚ Ϯ Ψϵϴϭ ϭ͕ϬϬϬΨ &ŽƌĞĂĐŚŬǁƚŚďĞƚǁĞĞŶϯϬͲϮϲϬŬtƚŚ ƉĞƌŬtƚŚ Ϯ Ψϳ ϳΨ Ϯϰ WŚŽƚŽǀŽůƚĂŝĐŽŵŵĞƌĐŝĂůdŚĞƌŵĂů^LJƐƚĞŵƐ;ϮϲϬŬtƚŚͿ ƉĞƌƉĞƌŵŝƚ Ϯ ΨϮ͕ϱϵϯ Ϯ͕ϲϭϬΨ WůƵƐ;ĨŽƌĞĂĐŚŬtƚŚŽǀĞƌϮϲϬŬtƚŚͿ ƉĞƌŬtƚŚ Ϯ Ψϱ ϱΨ Ϯϱ ZĞŵŽĚĞůͲZĞƐŝĚĞŶƚŝĂů
hƉƚŽϱϬϬƐ͘Ĩ͘ ĞĂĐŚ Ψϲϯϭ ϲϰϴΨ KǀĞƌϱϬϬƐ͘Ĩ͘ ĞĂĐŚ Ψϴϰϭ ϴϲϰΨ Ϯϲ ZĞƚĂŝŶŝŶŐŽƌůŽĐŬtĂůů
hƉƚŽϱϬϬƐ͘Ĩ͘ ĞĂĐŚ Ψϭϵϯ ϭϵϴΨ ϱϬϭͲϱ͕ϬϬϬƐ͘Ĩ͘ ĞĂĐŚ ΨϯϱϬ ϯϲϬΨ
ĂĐŚĂĚĚŝƚŝŽŶĂůϱ͕ϬϬϬƐ͘Ĩ͘ ĞĂĐŚ E
t ϮϴϴΨ
Ϯϳ ZĞƌŽŽĨŝŶŐ
ŽŵŵĞƌĐŝĂů ƉĞƌƉĞƌŵŝƚ
ϬͲϭϬ͕ϬϬϬƐƋƵĂƌĞƐ Ψϱϲϭ ϱϳϲΨ ϭϬ͕ϬϬϬͲϱϬ͕ϬϬϬƐƋƵĂƌĞƐ Ψϴϰϭ ϴϲϰΨ KǀĞƌϱϬ͕ϬϬϬƐƋƵĂƌĞƐ Ψϭ͕ϭϮϭ ϭ͕ϭϱϭΨ ZĞƐŝĚĞŶƚŝĂů ƉĞƌƉĞƌŵŝƚ ΨϮϴϭ ϮϴϵΨ Ϯϴ ZŽŽĨ^ƚƌƵĐƚƵƌĞZĞƉĂŝƌͬZĞŝŶĨŽƌĐĞŵĞŶƚ
ŽŵŵĞƌĐŝĂů ĞĂĐŚ Ψϴϰϭ ϴϲϰΨ ZĞƐŝĚĞŶƚŝĂů ĞĂĐŚ Ψϴϰϭ ϴϲϰΨ Ϯϵ ^ŚĞĚ ƉĞƌƉĞƌŵŝƚ Ψϱϲϭ ϱϳϲΨ ϯϬ ^ŝŐŶ
ϯϭ tĂůůDŽƵŶƚ
^ŝŶŐůĞ ƉĞƌƉĞƌŵŝƚ ΨϯϱϬ ϯϲϬΨ DƵůƚŝƉůĞ ƉĞƌƉĞƌŵŝƚ ΨϰϮϬ ϰϯϮΨ &ƌĞĞƐƚĂŶĚŝŶŐ ƉĞƌƉĞƌŵŝƚ
^ŝŶŐůĞ ƉĞƌƉĞƌŵŝƚ ΨϰϮϬ ϰϯϮΨ DƵůƚŝƉůĞ ƉĞƌƉĞƌŵŝƚ Ψϰϵϭ ϱϬϰΨ
ůĞĐƚƌŝĐĂůŝƌĐƵŝƚƐ ƉĞƌƉĞƌŵŝƚ ΨϳϬ ϳϮΨ ϯϮ
^ŝƚĞ/ŵƉƌŽǀĞŵĞŶƚƐͲdŚŝƐŝŶĐůƵĚĞƐƐƵďƐƚĂŶƚŝĂůĚĞǀĞůŽƉŵĞŶƚŽĨƉƌŝǀĂƚĞƉĂƌŬŝŶŐůŽƚƐǁŚŝĐŚ ĂƌĞƉƌŽĐĞƐƐĞĚƐĞƉĂƌĂƚĞŽĨƚŚĞƐƚƌƵĐƚƵƌĞĂŶĚŝŶĐůƵĚĞĂŶLJĐŽŵďŝŶĂƚŝŽŶŽĨƚŚĞĨŽůůŽǁŝŶŐ͗ hŶĚĞƌŐƌŽƵŶĚƵƚŝůŝƚŝĞƐ͕ƉĂƌŬŝŶŐůŽƚůŝŐŚƚŝŶŐ͕ĂĐĐĞƐƐŝďůĞƉĂƚŚŽĨƚƌĂǀĞůĂŶĂůLJƐŝƐĂŶĚ ĐŽŵƉůŝĂŶĐĞǁŝƚŚƚŚĞŝƚLJΖƐƉĂƌŬŝŶŐĂŶĚĚƌŝǀĞǁĂLJƐƚĂŶĚĂƌĚƐ͘
hƉƚŽϭĂĐƌĞ ƉĞƌƉĞƌŵŝƚ Ψϴϰϭ ϴϲϰΨ ϮͲϭϬĂĐƌĞƐ ƉĞƌƉĞƌŵŝƚ Ψϭ͕ϰϬϭ ϭ͕ϰϯϵΨ KǀĞƌϭϬĂĐƌĞƐ ƉĞƌƉĞƌŵŝƚ Ψϴϰϭ ϴϲϰΨ
ĂĐŚĂĚĚŝƚŝŽŶĂůϭϬĂĐƌĞƐŽƌĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ ƉĞƌƉĞƌŵŝƚ Ψϴϰ ϴϲΨ ϯϯ ^ůĂďǁŝƚŚ&ŽŽƚŝŶŐƐ ƉĞƌƉĞƌŵŝƚ ΨϮϭϭ ϮϭϲΨ ϯϰ ^ƉƌĂLJŽŽƚŚ/ŶƐƚĂůůͬůĞĂŶZŽŽŵ ƉĞƌƉĞƌŵŝƚ Ψϵϴϭ ϭ͕ϬϬϳΨ ϯϱ ^ŝĚŝŶŐͬ^ƚƵĐĐŽ ĞĂĐŚ ΨϰϮϬ ϰϯϮΨ ϯϲ ^ƚŽƌĂŐĞZĂĐŬƐ
фϴĨƚ͕ĨŝƌƐƚϭϬϬůĨ ƉĞƌƉĞƌŵŝƚ Ψϱϲϭ ϱϳϲΨ ĞĂĐŚĂĚĚΖů͘ϭϬϬůĨ ƉĞƌƉĞƌŵŝƚ ΨϮϴ ϮϵΨ хϴĨƚ͕ĨŝƌƐƚϭϬϬůĨ ƉĞƌƉĞƌŵŝƚ Ψϳϳϭ ϳϵϮΨ хϴĨƚ͕ĞĂ͘ĚĚΖůϭϬϬůĨ ƉĞƌƉĞƌŵŝƚ ΨϰϮ ϰϯΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐDŝƐĐ/ƚĞŵƐ͕WĂŐĞϮϮŽĨϲϮ ƵŝůĚŝŶŐͲDŝƐĐĞůůĂŶĞŽƵƐ&ĞĞ/ƚĞŵƐ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϯϳ ^ǁŝŵŵŝŶŐWŽŽů
ďŽǀĞ'ƌŽƵŶĚWŽŽůͬ^ƉĂ ƉĞƌƉĞƌŵŝƚ ΨϯϱϬ ϯϲϬΨ /Ŷ'ƌŽƵŶĚ ƉĞƌƉĞƌŵŝƚ Ψϱϲϭ ϱϳϲΨ ϯϴ dƌĂƐŚ
ŶĐůŽƐƵƌĞ/ŶƐƚĂůů ƉĞƌƉĞƌŵŝƚ Ψϰϵϭ ϱϬϰΨ ϯϵ tŝŶĚŽǁƐͬŽŽƌ
&ŝƌƐƚϭϬtŝŶĚŽǁƐ ĞĂĐŚ ΨϮϴϭ ϮϴϵΨ
ĂĐŚĚĚŝƚŽŶĂůϭϬtŝŶĚŽǁƐ ĞĂĐŚ Ψϯϱ ϯϲΨ
KƚŚĞƌ/ŶƐƉĞĐƚŝŽŶƐ;WĞƌ,ŽƵƌͿ
ϰϬ /ŶƐƉĞĐƚŝŽŶƐŽƵƚƐŝĚĞŽĨŶŽƌŵĂůďƵƐŝŶĞƐƐŚŽƵƌƐ;ŵŝŶŝŵƵŵĐŚĂƌŐĞ͗ƚǁŽŚŽƵƌƐͿ ƉĞƌŚŽƵƌ ΨϭϲϮ ϭϲϲΨ ϰϭ ZĞͲŝŶƐƉĞĐƚŝŽŶĨĞĞƐ ƉĞƌŚŽƵƌ ΨϭϰϬ ϭϰϰΨ ϰϮ /ŶƐƉĞĐƚŝŽŶƐĨŽƌǁŚŝĐŚŶŽĨĞĞŝƐƐƉĞĐŝĨŝĐĂůůLJŝŶĚŝĐĂƚĞĚ;ŵŝŶŝŵƵŵĐŚĂƌŐĞ͗ŽŶĞŚĂůĨͲŚŽƵƌͿ ƉĞƌŚŽƵƌ ΨϭϰϬ ϭϰϰΨ ϰϯ ĚĚŝƚŝŽŶĂůƉůĂŶƌĞǀŝĞǁƌĞƋƵŝƌĞĚďLJĐŚĂŶŐĞƐ͕ĂĚĚŝƚŝŽŶƐŽƌƌĞǀŝƐŝŽŶƐƚŽĂƉƉƌŽǀĞĚƉůĂŶƐ ;ŵŝŶŝŵƵŵĐŚĂƌŐĞ͗ŽŶĞŚĂůĨͲŚŽƵƌͿ ƉĞƌŚŽƵƌ ϭ ΨϭϰϬ ϭϰϰΨ ϰϰ ĚĚƌĞƐƐŝŶŐ ƉĞƌĂƉƉůŝĐĂƚŝŽŶ ΨϳϬ ϳϮΨ ϰϱ ƉƉůŝĐĂƚŝŽŶĨŽƌ^ƉĞĐŝĂů/ŶƐƉĞĐƚŝŽŶ ƉĞƌĂƉƉůŝĐĂƚŝŽŶ ΨϳϬ ϳϮΨ KƚŚĞƌƵŝůĚŝŶŐ&ĞĞƐ
ϰϲ ƵŝůĚŝŶŐWĞƌŵŝƚZĞǀŝƐŝŽŶ͕&ĞĞнdŚŝƌĚWĂƌƚLJ,ŽƵƌůLJŚĂƌŐĞ ƉĞƌŚŽ Ƶƌ ĂĐƚƵĂůĐŽƐƚ ĂĐƚƵĂůĐŽƐƚ ϰϳ 'ƌĞĞŶƵŝůĚŝŶŐ^ƚĂŶĚĂƌĚƐWůĂŶŚĞĐŬĂŶĚ/ŶƐƉĞĐƚŝŽŶ ĞĂĐŚ ĂĐƚƵĂůĐŽƐƚ ĂĐƚƵĂůĐŽƐƚ ϰϴ 'ƌĞĞŶƵŝůĚŝŶŐ^ƚĂƚĞ^ƚĂŶĚĂƌĚƐ&ĞĞ;^ϭϰϳϯͿ ĞĂĐŚ
Ψϭ͘ϬϬƉĞƌĞǀĞƌLJ
ΨϮϱ͕ϬϬϬŝŶ
ďƵŝůĚŝŶŐ
ǀĂůƵĂƚŝŽŶŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ
;ŵŝŶŝŵƵŵĨĞĞ
Ψϭ͘ϬϬͿ
Ψϭ͘ϬϬƉĞƌĞǀĞƌLJ
ΨϮϱ͕ϬϬϬŝŶ
ďƵŝůĚŝŶŐ
ǀĂůƵĂƚŝŽŶŽƌ
ĨƌĂĐƚŝŽŶƚŚĞƌĞŽĨ
;ŵŝŶŝŵƵŵĨĞĞ
Ψϭ͘ϬϬͿ
ϰϵ ^ƚƌŽŶŐDŽƚŝŽŶ/ŶƐƚƌƵŵĞŶƚĂƚŝŽŶ&ĞĞ;^D/WͿĂŶĚ^ĞŝƐŵŝĐ,ĂnjĂƌĚDĂƉƉŝŶŐ&ĞĞͲZĞƐŝĚĞŶƚŝĂů ĞĂĐŚ WĂƐƐƚŚƌŽƵŐŚ
ĨƌŽŵ^ƚĂƚĞ͗
Ψϭϯ͘ϬϬƉĞƌ
ΨϭϬϬ͕ϬϬϬ
ǀĂůƵĂƚŝŽŶ
;ŵŝŶŝŵƵŵΨϬ͘ϱϬ
ĨĞĞͿ
WĂƐƐƚŚƌŽƵŐŚ
ĨƌŽŵ^ƚĂƚĞ͗
Ψϭϯ͘ϬϬƉĞƌ
ΨϭϬϬ͕ϬϬϬ
ǀĂůƵĂƚŝŽŶ
;ŵŝŶŝŵƵŵ
ΨϬ͘ϱϬ ĨĞĞͿ
ϱϬ ^ƚƌŽŶŐDŽƚŝŽŶ/ŶƐƚƌƵŵĞŶƚĂƚŝŽŶ&ĞĞ;^D/WͿĂŶĚ^ĞŝƐŵŝĐ,ĂnjĂƌĚDĂƉƉŝŶŐ&ĞĞͲŽŵŵĞƌĐŝĂů ĞĂĐŚ WĂƐƐƚŚƌŽƵŐŚ
ĨƌŽŵ^ƚĂƚĞ͗
ΨϮϴ͘ϬϬƉĞƌ
ΨϭϬϬ͕ϬϬϬ
ǀĂůƵĂƚŝŽŶ
;ŵŝŶŝŵƵŵΨϬ͘ϱϬ
ĨĞĞͿ
WĂƐƐƚŚƌŽƵŐŚ
ĨƌŽŵ^ƚĂƚĞ͗
ΨϮϴ͘ϬϬƉĞƌ
ΨϭϬϬ͕ϬϬϬ
ǀĂůƵĂƚŝŽŶ
;ŵŝŶŝŵƵŵ
ΨϬ͘ϱϬ ĨĞĞͿ
ϱϭ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϭϰϬ ϭϰϰΨ EŽƚĞƐ
ϭ &ĞĞĐĂŶďĞĂƐƐĞƐƐĞĚĨŽƌĂĚĚŝƚŝŽŶĂůƌĞǀŝĞǁƐďĞLJŽŶĚƚŚĞƚŚŝƌĚƌĞǀŝĞǁ͕ĨŽƌĂŶLJƌĞǀŝĞǁǁŚĞƌĞ ƉůĂŶƐǁĞƌĞƌĞƐƵďŵŝƚƚĞĚǁŝƚŚŽƵƚĂĚĚƌĞƐƐŝŶŐĂůůĐŽƌƌĞĐƚŝŽŶƐ͘ Ϯ &ĞĞƐĞƚďLJ'ϲϲϬϭϱ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐDŝƐĐ/ƚĞŵƐ͕WĂŐĞϮϯŽĨϲϮ ƵŝůĚŝŶŐͲDĞĐŚĂŶŝĐĂů͕WůƵŵďŝŶŐ͕
ůĞĐƚƌŝĐĂů
///͘W>hD/E'͕D
,E/>E
>
dZ/>W
ZD/d^ͲEKd^^K/d
t/d,h/>/E'W
ZD/d
ϭ ŽŵďŝŶĂƚŝŽŶ^ƚĂŶĚůŽŶĞDW
WĞƌŵŝƚ
dŝĞƌϭ͗ϮͲϯŝƚĞŵƐĨƌŽŵƚŚĞůŝƐƚďĞůŽǁ Ψϯϰϯ ϯϱϮΨ dŝĞƌϮ͗ϰͲϲŝƚĞŵƐ Ψϱϴϵ ϲϬϱΨ dŝĞƌϯ͗'ƌĞĂƚĞƌƚŚĂŶϲŝƚĞŵƐͲƉůĞĂƐĞƐĞĞůƚĞƌĂƚŝŽŶƐWĞƌŵŝƚ ͲΨ ͲΨ
Ϯ ^ŝŶŐƵůĂƌDĞĐŚĂŶŝĐĂůWĞƌŵŝƚƐ ƉĞƌƉĞƌŵŝƚ
&hůĞƐƐƚŚĂŶϭϬϬ͕ϬϬϬƚƵͬŚ Ψϭϰϴ ϭϱϮΨ &hŐƌĞĂƚĞƌƚŚĂŶϭϬϬ͕ϬϬϬƚƵͬŚ ΨϮϰϱ ϮϱϭΨ DĞĐŚĂŶŝĐĂůůƚĞƌĂƚŝŽŶͬZĞƉĂŝƌDŝŶŽƌ;ϭŝŶƐƉĞĐƚŝŽŶĂƐƐƵŵĞĚͿ Ψϭϵϲ ϮϬϮΨ DĞĐŚĂŶŝĐĂůůƚĞƌĂƚŝŽŶͬZĞƉĂŝƌDĂũŽƌ;ϮŽƌŵŽƌĞŝŶƐƉĞĐƚŝŽŶĂƐƐƵŵĞĚͿ Ψϯϵϯ ϰϬϯΨ ,ŽŽĚͬsĞŶƚ^LJƐƚĞŵ Ψϰϵϭ ϱϬϰΨ ϯ ^ŝŶŐƵůĂƌ
ůĞĐƚƌŝĐĂůWĞƌŵŝƚƐ ƉĞƌƉĞƌŵŝƚ
'ĞŶĞƌĂƚŽƌ ĞĂĐŚ Ψϯϵϯ ϰϬϯΨ ^ĞƌǀŝĐĞƐŽĨϲϬϬǀŽůƚƐŽƌůĞƐƐĂŶĚŽǀĞƌϰϬϬĂŵƉĞƌĞƐƚŽϭϬϬϬĂŵƉĞƌĞƐŝŶƌĂƚŝŶŐ ĞĂĐŚ Ψϯϵϯ ϰϬϯΨ ^ĞƌǀŝĐĞƐŽǀĞƌϲϬϬǀŽůƚƐŽƌŽǀĞƌϭϬϬϬĂŵƉĞƌĞƐŝŶƌĂƚŝŶŐ ĞĂĐŚ Ψϰϵϭ ϱϬϰΨ ^ĞƌǀŝĐĞƐƵŶĚĞƌϲϬϬǀŽůƚƐ͕ϰϬϬĂŵƉƐŽƌůĞƐƐ ΨϮϰϱ ϮϱϭΨ
ůĞĐƚƌŝĐDĞƚĞƌZĞƐĞƚ Ψϭϵϲ ϮϬϮΨ ^ƵďƉĂŶĞů ΨϮϰϱ ϮϱϭΨ dĞŵƉŽƌĂƌLJWŽǁĞƌ ΨϮϰϱ ϮϱϭΨ >ŝŐŚƚŝŶŐWŽůĞƐ
&ŝƌƐƚƉŽůĞ ĞĂĐŚ Ψϯϰϯ ϯϱϮΨ
ĂĐŚĂĚĚŝƚŝŽŶĂů ĞĂĐŚ ΨϮϭ ϮϮΨ KƚŚĞƌDŝŶŽƌ
ůĞĐƚƌŝĐĂůůƚĞƌĂƚŝŽŶͬZĞƉĂŝƌ;ϭŝŶƐƉĞĐƚŝŽŶĂƐƐƵŵĞĚͿ Ψϭϵϲ ϮϬϮΨ KƚŚĞƌDĂũŽƌ
ůĞĐƚƌŝĐĂůůƚĞƌĂƚŝŽŶͬZĞƉĂŝƌ;ϮŽƌŵŽƌĞŝŶƐƉĞĐƚŝŽŶƐĂƐƐƵŵĞĚͿ Ψϯϵϯ ϰϬϯΨ ϰ WůƵŵďŝŶŐWĞƌŵŝƚƐ ƉĞƌƉĞƌŵŝƚ
tĂƚĞƌ,ĞĂƚĞƌ Ψϭϰϴ ϭϱϮΨ tĂƚĞƌ^ĞƌǀŝĐĞ Ψϭϰϴ ϭϱϮΨ ^ĞǁĞƌͬ^ĞƉƚŝĐ ΨϮϰϱ ϮϱϭΨ dƌĂƉͬ/ŶƚĞƌĐĞƉƚŽƌ ΨϮϵϰ ϯϬϮΨ 'ĂƐ>ŝŶĞŝƌdĞƐƚ Ψϭϵϲ ϮϬϮΨ KƚŚĞƌDŝŶŽƌWůƵŵďŝŶŐůƚĞƌĂƚŝŽŶͬZĞƉĂŝƌ;ϭŝŶƐƉĞĐƚŝŽŶĂƐƐƵŵĞĚͿ Ψϭϵϲ ϮϬϮΨ KƚŚĞƌDĂũŽƌWůƵŵďŝŶŐůƚĞƌĂƚŝŽŶͬZĞƉĂŝƌ;ϮŽƌŵŽƌĞŝŶƐƉĞĐƚŝŽŶƐĂƐƐƵŵĞĚͿ Ψϯϵϯ ϰϬϯΨ ϱ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϭϰϬ ϭϰϰΨ ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĚŐDW
͕WĂŐĞϮϰŽĨϲϮ
&ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ
/ ŽŶƐƚƌƵĐƚŝŽŶWĞƌŵŝƚƐ
ϭ &ŝƌĞ^ƉƌŝŶŬůĞƌ^LJƐƚĞŵƐ͗ Ϯ
ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůEĂƚŝŽŶĂů&ŝƌĞWƌŽƚĞĐƚŝŽŶƐƐŽĐŝĂƚŝŽŶ;E&WͿϭϯ&ŝƌĞ^ƉƌŝŶŬůĞƌ ^LJƐƚĞŵͲDŽĚŝĨŝĐĂƚŝŽŶƐ͗
WůĂŶZĞǀŝĞǁ
ϭͲϱĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϭϱϰΨ ϲͲϭϵĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϮϯϭΨ ϮϬͲϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϯϬϵΨ ϱϭͲϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϰϲϯΨ ϭϬϭͲϯϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϲϭϳΨ хϯϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϭ͕ϮϯϰΨ /ŶƐƉĞĐƚŝŽŶ
ϭͲϱĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ψϰϱϭ ϰϲϯΨ ϲͲϭϵĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϲϭϳΨ ϮϬͲϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϵϬϭ ϵϮϲΨ ϱϭͲϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ψϭ͕Ϭϵϲ ϭ͕ϭϮϲΨ ϭϬϭͲϯϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ψϭ͕ϱϬϮ ϭ͕ϱϰϯΨ хϯϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϮ͕ϬϮϴ Ϯ͕ϬϴϮΨ
ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůE&Wϭϯ&ŝƌĞ^ƉƌŝŶŬůĞƌ^LJƐƚĞŵͲEĞǁ&ŝƌƐƚZŝƐĞƌ;WĞƌƵŝůĚŝŶŐͿ WůĂŶZĞǀŝĞǁ
ϭͲϮϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ ΨϲϬϭ ϲϭϳΨ ϮϭͲϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ ΨϲϬϭ ϵϮϲΨ ϱϭͲϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ ΨϲϬϭ ϭ͕ϮϯϰΨ ϭϬϭͲϯϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ ΨϲϬϭ ϭ͕ϴϱϭΨ
ĂĐŚĂĚĚŝƚŝŽŶĂůƌŝƐĞƌ;ƐĂŵĞŚĂnjĂƌĚĐůĂƐƐͿ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϰϲϯΨ /ŶƐƉĞĐƚŝŽŶ
ϭͲϮϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ ΨϲϬϭ ϲϭϳΨ ϮϭͲϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ ΨϵϬϭ ϵϮϲΨ ϱϭͲϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ Ψϭ͕Ϭϵϲ ϭ͕ϭϮϲΨ ϭϬϭͲϯϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ĨŝƌƐƚƌŝƐĞƌ ĨŝƌƐƚƌŝƐĞƌ Ψϭ͕ϱϬϮ ϭ͕ϱϰϯΨ
ĂĐŚĂĚĚŝƚŝŽŶĂůƌŝƐĞƌ;ƐĂŵĞŚĂnjĂƌĚĐůĂƐƐͿ ƉĞƌƌŝƐĞƌ Ψϳϱ ϰϲϯΨ
ŽŵŵĞƌĐŝĂů&ŝƌĞWƵŵƉ
WůĂŶZĞǀŝĞǁ ĨůĂƚ ΨϵϬϭ ϵϮϲΨ /ŶƐƉĞĐƚŝŽŶ ĨůĂƚ Ψϯϳϲ ϯϴϲΨ
^ŝŶŐůĞ&ĂŵŝůLJZĞƐŝĚĞŶƚŝĂůͲE&Wϭϯ&ŝƌĞ^ƉƌŝŶŬůĞƌ
WůĂŶZĞǀŝĞǁ
ϭͲϯ͕ϲϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϮϴϬ ϭϱϰΨ ϯ͕ϲϬϭͲϱ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϮϴϬ ϮϯϭΨ хϱ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϮϴϬ ϰϲϯΨ dƌĂĐƚ,ŽŵĞƐ ĨůĂƚ ΨϮϴϬ ϵϮϲΨ /ŶƐƉĞĐƚŝŽŶ
ϭͲϯ͕ϲϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϭϬϱ ϭϬϴΨ ϯ͕ϲϬϭͲϱ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϭϬϱ ϭϬϴΨ хϱ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϭϬϱ ϭϬϴΨ dƌĂĐƚ,ŽŵĞƐ ĨůĂƚ ΨϳϬ ϳϮΨ DŽĚŝĨŝĐĂƚŝŽŶƐƚŽĞdžŝƐƚŝŶŐƐLJƐƚĞŵ;ƉĞƌƌŝƐĞƌͿ ƉĞƌƌŝƐĞƌ Ψϯϱ ϯϲΨ DĂŶƵĨĂĐƚƵƌĞĚ,ŽŵĞͲ&ĂĐƚŽƌLJ/ŶƐƚĂůůĞĚ^ƉƌŝŶŬůĞƌƐ ĨůĂƚ Ψϯϱ ϯϲΨ dĂŶŬŽƌǁĞůůƐƵƉƉůLJ͕ďƵĐŬĞƚƚĞƐƚŽƌƉƵŵƉƚĞƐƚ ĨůĂƚ Ψϯϱ ϯϲΨ ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ &ŝƌĞWƌĞǀ͕WĂŐĞϮϱŽĨϲϮ &ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
DƵůƚŝͲ&ĂŵŝůLJZĞƐŝĚĞŶƚŝĂů&ŝƌĞ^ƉƌŝŶŬůĞƌ͕E&WϭϯZ;ƉĞƌƌŝƐĞƌͿ WůĂŶZĞǀŝĞǁ
ϭͲϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϰϲϯΨ ϱϭͲϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϲϭϳΨ хϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϳϳϭΨ DŽĚŝĨŝĐĂƚŝŽŶƚŽĞdžŝƐƚŝŶŐƐLJƐƚĞŵ ĨůĂƚ ΨϲϬϭ ϯϬϵΨ /ŶƐƉĞĐƚŝŽŶ
ϭͲϱϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ψϳϱϭ ϳϳϭΨ ϱϭͲϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ψϵϳϲ ϭ͕ϬϬϯΨ хϭϬϬĨŝƌĞƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ψϭ͕ϮϬϮ ϭ͕ϮϯϰΨ DŽĚŝĨŝĐĂƚŝŽŶƚŽĞdžŝƐƚŝŶŐƐLJƐƚĞŵ ĨůĂƚ Ψϲϳϲ ϲϵϰΨ
WƌŝǀĂƚĞhŶĚĞƌŐƌŽƵŶĚ&ŝƌĞ>ŝŶĞ͗
WůĂŶZĞǀŝĞǁ
ϭͲϭϬƌŝƐĞƌƐͬŚLJĚƌĂŶƚƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ΨϲϬϭ ϯϬϵΨ ϭϭͲϮϬƌŝƐĞƌƐͬŚLJĚƌĂŶƚƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ΨϲϬϭ ϰϲϯΨ хϮϬƌŝƐĞƌƐͬŚLJĚƌĂŶƚƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ
ϭͲϭϬƌŝƐĞƌƐͬŚLJĚƌĂŶƚƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ΨϴϮϲ ϴϰϴΨ ϭϭͲϮϬƌŝƐĞƌƐͬŚLJĚƌĂŶƚƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ Ψϭ͕ϮϬϮ ϭ͕ϮϯϰΨ хϮϬƌŝƐĞƌƐͬŚLJĚƌĂŶƚƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ Ψϭ͕ϳϮϳ ϭ͕ϳϳϰΨ
/ŶͲZĂĐŬ^ƉƌŝŶŬůĞƌƐ͗
/ŶƐƉĞĐƚŝŽŶ͕ϭͲϭϬƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕ϭϭͲϮϬƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ ΨϴϮϲ ϴϰϴΨ /ŶƐƉĞĐƚŝŽŶ͕ϮϭͲϯϬƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ψϭ͕Ϭϱϭ ϭ͕ϬϴϬΨ /ŶƐƉĞĐƚŝŽŶ͕хϯϬƐƉƌŝŶŬůĞƌŚĞĂĚƐ͕ƉĞƌƌŝƐĞƌ ƉĞƌƌŝƐĞƌ Ψϭ͕ϯϱϮ ϭ͕ϯϴϴΨ
Ϯ WƌĞͲ
ŶŐŝŶĞĞƌĞĚ^LJƐƚĞŵƐͬ
ƋƵŝƉŵĞŶƚ Ϯ
WůĂŶZĞǀŝĞǁ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕^ƉƌĂLJͬŝƉƉŝŶŐͬWŽǁĞƌĐŽĂƚŝŶŐƚŚƐ ĨůĂƚ ΨϯϬϬ ϯϬϵΨ /ŶƐƉĞĐƚŝŽŶ͕/ŶĚƵƐƚƌŝĂůKǀĞŶƐ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ΨϯϬϬ ϯϬϵΨ /ŶƐƉĞĐƚŝŽŶ͕sĂƉŽƌZĞĐŽǀĞƌLJ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ΨϯϬϬ ϯϬϵΨ /ŶƐƉĞĐƚŝŽŶ͕ZĞĨƌŝŐĞƌĂƚŝŽŶ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ΨϯϬϬ ϯϬϵΨ /ŶƐƉĞĐƚŝŽŶ͕ƵƐƚŽůůĞĐƚŝŽŶ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ Ψϰϱϭ ϰϲϯΨ /ŶƐƉĞĐƚŝŽŶ͕,ŽŽĚĂŶĚƵĐƚ
džƚŝŶŐƵŝƐŚŝŶŐ^LJƐƚĞŵ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐ LJƐƚĞŵ Ψϲϳϲ ϲϵϰΨ /ŶƐƉĞĐƚŝŽŶ͕'ĂƐ^LJƐƚĞŵ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ Ψϰϱϭ ϰϲϯΨ /ŶƐƉĞĐƚŝŽŶ͕^ŵŽŬĞŽŶƚƌŽů^LJƐƚĞŵ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ Ψϰϱϭ ϰϲϯΨ /ŶƐƉĞĐƚŝŽŶ͕ĂƚƚĞƌLJ^LJƐƚĞŵ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ ΨϯϬϬ ϯϬϵΨ /ŶƐƉĞĐƚŝŽŶ͕^ƉĞĐŝĂů
džƚŝŶŐƵŝƐŚŝŶŐ^LJƐƚĞŵ͕ƉĞƌƐLJƐƚĞŵ ƉĞƌƐLJƐƚĞŵ Ψϰϱϭ ϰϲϯΨ /ŶƐƉĞĐƚŝŽŶ͕ŽŵŵĞƌĐŝĂů^ŽůĂƌWŽǁĞƌ'ĞŶĞƌĂƚŝŶŐ^ƚĂƚŝŽŶ ĨůĂƚ Ψϰϱϭ ϰϲϯΨ /ŶƐƉĞĐƚŝŽŶ͕ŽŵŵĞƌĐŝĂů^ƚƌƵĐƚƵƌĞͲDŽƵŶƚĞĚWŚŽƚŽǀŽůƚĂŝĐ^LJƐƚĞŵ ĨůĂ ƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕
ŵĞƌŐĞŶĐLJZĞƐƉŽŶĚĞƌZĂĚŝŽŽǀĞƌĂŐĞ ĨůĂƚ ΨϯϬϬ ϯϬϵΨ /ŶƐƉĞĐƚŝŽŶ͕DŝŶŽƌDŽĚŝĨŝĐĂƚŝŽŶƐͬZĞƉĂŝƌƐ ĨůĂƚ ΨϭϱϬ ϭϱϰΨ
ϯ ,ŝŐŚͲWŝůĞĚŽŵďƵƐƚŝďůĞ^ƚŽƌĂŐĞ͗ Ϯ
WůĂŶZĞǀŝĞǁ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕ϱϬϬͲϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϲϳϲ ϲϵϰΨ /ŶƐƉĞĐƚŝŽŶ͕ϭϬ͕ϬϬϭͲϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϭ͕ϭϮϳ ϭ͕ϭϱϳΨ /ŶƐƉĞĐƚŝŽŶ͕ϱϬ͕ϬϬϭͲϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϭ͕ϱϳϳ ϭ͕ϲϮϬΨ /ŶƐƉĞĐƚŝŽŶ͕ĞĂĐŚĂĚĚΖůϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ƉĞƌϭϬϬ<Ɛ͘Ĩ͘ Ψϭ͕ϱϳϳ ϭ͕ϲϮϬΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ &ŝƌĞWƌĞǀ͕WĂŐĞϮϲŽĨϲϮ &ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϰ ,ŽƐĞZĂĐŬͬ^ƚĂŶĚƉŝƉĞ^LJƐƚĞŵƐ͗ Ϯ
/ŶƐƉĞĐƚŝŽŶ͕ϭͲϱ,ŽƐĞZĂĐŬƐͬ^ƚĂŶĚƉŝƉĞƐ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕ϲͲϭϬ,ŽƐĞZĂĐŬƐͬ^ƚĂŶĚƉŝƉĞƐ ĨůĂƚ ΨϵϬϭ ϵϮϲΨ /ŶƐƉĞĐƚŝŽŶ͕ĞĂĐŚĂĚĚΖůŚŽƐĞƌĂĐŬͬƐƚĂŶĚƉŝƉĞ;ŽǀĞƌϭϬͿ ƉĞƌĂĚĚΖů ΨϲϬϭ ϲϭϳΨ
ϱ &ŝƌĞůĂƌŵͲEĞǁ^LJƐƚĞŵ;WĞƌ^LJƐƚĞŵͿ Ϯ
tĂƚĞƌĨůŽǁDŽŶŝƚŽƌŝŶŐ^LJƐƚĞŵWůĂŶZĞǀŝĞǁ ĨůĂƚ ΨϲϬϭ ϰϲϯΨ DĂŶƵĂůͬƵƚŽŵĂƚŝĐ&ŝƌĞůĂƌŵ^LJƐƚĞŵWůĂŶZĞǀŝĞǁ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕ϭͲϭϬŝŶŝƚŝĂƚŝŶŐĚĞǀŝĐĞƐ ĨůĂƚ Ψϲϳϲ ϲϵϰΨ /ŶƐƉĞĐƚŝŽŶ͕ϭϭͲϱϬŝŶŝƚŝĂƚŝŶŐĚĞǀŝĐĞƐ ĨůĂƚ Ψϳϱϭ ϳϳϭΨ /ŶƐƉĞĐƚŝŽŶ͕ϱϭŽƌŵŽƌĞŝŶŝƚŝĂƚŝŶŐĚĞǀŝĐĞƐ ĨůĂƚ Ψϵϳϲ ϭ͕ϬϬϯΨ
ϲ &ŝƌĞůĂƌŵ^LJƐƚĞŵDŽĚŝĨŝĐĂƚŝŽŶƐ;ůůdLJƉĞƐͿ;WĞƌ^LJƐƚĞŵͿ Ϯ͕ϲ WůĂŶZĞǀŝĞǁ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕ϭϬŝŶŝƚŝĂƚŝŶŐĚĞǀŝĐĞƐ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕ĞĂĐŚĂĚĚΖůϭϬŝŶŝƚŝĂƚŝŶŐĚĞǀŝĐĞƐ ƉĞƌĂĚĚΖů͘ Ψϳϱϭ ϳϳϭΨ /ŶƐƉĞĐƚŝŽŶ͕&ŝƌĞůĂƌŵŽŶƚƌŽůWĂŶĞůhƉŐƌĂĚĞ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ
ϳ ďŽǀĞŐƌŽƵŶĚ^ƚŽƌĂŐĞdĂŶŬ Ϯ
WůĂŶZĞǀŝĞǁ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕ϭƐƚƚĂŶŬĂƚůŽĐĂƚŝŽŶ ĨůĂƚ ΨϯϬϬ ϯϬϵΨ /ŶƐƉĞĐƚŝŽŶ͕ĞĂĐŚĂĚĚΖůƚĂŶŬ ƉĞƌĂĚĚΖů͘ Ψϳϱ ϳϳΨ
ϴ DƵůƚŝͲ&ĂŵŝůLJZĞƐŝĚĞŶƚŝĂůŽŶƐƚƌƵĐƚŝŽŶWƌŽũĞĐƚƐ Ϯ WůĂŶZĞǀŝĞǁ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ /ŶƐƉĞĐƚŝŽŶ͕ϭͲϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϲϳϲ ϲϵϰΨ /ŶƐƉĞĐƚŝŽŶ͕ϭϬ͕ϬϬϭͲϮϱ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϵϬϭ ϵϮϲΨ /ŶƐƉĞĐƚŝŽŶ͕Ϯϱ͕ϬϬϭͲϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϭ͕ϮϬϮ ϭ͕ϮϯϰΨ /ŶƐƉĞĐƚŝŽŶ͕хϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ĞĂĐŚĂĚĚΖůϭ͕ϬϬϬƐƋ͘Ĩƚ͘ ƉĞƌĂĚĚΖů͘ Ψϭ͕ϱϬϮ ϭ͕ϱϰϯΨ
ϵ ŽŵŵĞƌĐŝĂůͬ/ŶĚƵƐƚƌŝĂůEĞǁŽŶƐƚƌƵĐƚŝŽŶWƌŽũĞĐƚƐ Ϯ WůĂŶZĞǀŝĞǁ
ϭͲϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ ϭϬ͕ϬϬϭͲϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϳϳϭΨ ϱϬ͕ϬϬϭͲϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϵϮϲΨ ϭϬϬ͕ϬϬϭͲϱϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϭ͕ϬϴϬΨ ϱϬϬ͕ϬϬϭͲϭ͕ϬϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϭ͕ϱϰϯΨ хϭ͕ϬϬϬ͕ϬϬϬƐƋ͘Ĩƚ͕͘ĞĂĐŚĂĚĚΖůϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ƉĞƌĂĚĚΖů͘ ΨϲϬϭ ϭϱϰΨ /ŶƐƉĞĐƚŝŽŶ
ϭͲϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ ϭϬ͕ϬϬϭͲϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϵϬϭ ϵϮϲΨ ϱϬ͕ϬϬϭͲϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϭ͕ϮϬϮ ϭ͕ϮϯϰΨ ϭϬϬ͕ϬϬϭͲϱϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϭ͕ϰϮϳ ϭ͕ϰϲϱΨ ϱϬϬ͕ϬϬϭͲϭ͕ϬϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϮ͕ϰϬϯ Ϯ͕ϰϲϴΨ хϭ͕ϬϬϬ͕ϬϬϬƐƋ͘Ĩƚ͕͘ĞĂĐŚĂĚĚΖůϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ƉĞƌĂĚĚΖů͘ Ψϭ͕ϭϮϳ ϭ͕ϭϱϳΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ &ŝƌĞWƌĞǀ͕WĂŐĞϮϳŽĨϲϮ &ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϭϬ ŽŵŵĞƌĐŝĂůdĞŶĂŶƚ/ŵƉƌŽǀĞŵĞŶƚƐ Ϯ
WůĂŶZĞǀŝĞǁ
ϭͲϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϯϬϵΨ ϭϬ͕ϬϬϭͲϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϰϲϯΨ ϱϬ͕ϬϬϭͲϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ хϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͕͘ĞĂĐŚĂĚĚΖůϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ƉĞƌĂĚĚΖů͘ ΨϲϬϭ ϭϱϰΨ /ŶƐƉĞĐƚŝŽŶ
ϭͲϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ ϭϬ͕ϬϬϭͲϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϵϬϭ ϵϮϲΨ ϱϬ͕ϬϬϭͲϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϭ͕ϮϬϮ ϭ͕ϮϯϰΨ хϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͕͘ĞĂĐŚĂĚĚΖůϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ƉĞƌĂĚĚΖů͘ Ψϭ͕ϭϮϳ ϭ͕ϭϱϳΨ
ϭϭ WůĂŶŶŝŶŐWƌŽũĞĐƚZĞǀŝĞǁ Ϯ ^ĞĞWůĂŶŶŝŶŐ
&ĞĞ^ĐŚĞĚƵůĞ
^ĞĞWůĂŶŶŝŶŐ
&ĞĞ^ĐŚĞĚƵůĞ
ϭϮ tĂƚĞƌ/ŵƉƌŽǀĞŵĞŶƚͲWƵďůŝĐtĂƚĞƌ>ŝŶĞ;WůĂŶZĞǀŝĞǁͿ Ϯ &ŝƌƐƚϭͲϭϬŚLJĚƌĂŶƚƐ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ хϭϬŚLJĚƌĂŶƚƐ͕ĞĂĐŚĂĚĚΖůϭϬŚLJĚƌĂŶƚƐ ƉĞƌĂĚĚΖů͘ Ψϵϳϲ ϭ͕ϬϬϯΨ
ϭϯ KƚŚĞƌDŝƐĐĞůůĂŶĞŽƵƐĞǀĞůŽƉŵĞŶƚZĞǀŝĞǁ&ĞĞƐ Ϯ
,ĂnjĂƌĚŽƵƐDĂƚĞƌŝĂůZĞǀŝĞǁͲƉĞƌŚŽƵƌ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ŚŽƵƌůLJ ΨϯϬϬ ϯϬϵΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
dĞĐŚŶŝĐĂůŶĂůLJƐŝƐͬKƉŝŶŝŽŶZĞƉŽƌƚͲƉĞƌŚŽƵƌ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ŚŽƵƌůLJ ΨϯϬϬ ϯϬϵΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ůƚĞƌŶĂƚĞDĂƚĞƌŝĂůƐĂŶĚDĞƚŚŽĚƐZĞƋƵĞƐƚͲƉĞƌŚŽƵƌ
ŝƚLJ^ƚĂĨĨZĞǀŝĞǁ ŚŽƵƌůLJ ΨϯϬϬ ϯϬϵΨ ŽŶƐƵůƚĂŶƚŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϭϰ ZĞǀŝƐŝŽŶŽĨĂƉƌĞǀŝŽƵƐůLJĂƉƉƌŽǀĞĚƉůĂŶŽƌƐͲƵŝůƚƐ ĨůĂƚ Ϯ͕ϳ Ψϳϱϭ ϳϳϭΨ
ϭϱ WůĂŶƌĞͲƐƵďŵŝƚƚĂů͖ĞĂĐŚƐƵďƐĞƋƵĞŶƚƐƵďŵŝƚƚĂůĂĨƚĞƌϮŶĚͬŵŝƐĐĞůůĂŶĞŽƵƐƉůĂŶĐŚĞĐŬ;ƉĞƌ ŚŽƵƌͿ ŚŽƵƌůLJ Ϯ ΨϯϬϬ ϯϬϵΨ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ &ŝƌĞWƌĞǀ͕WĂŐĞϮϴŽĨϲϮ &ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
// ŶŶƵĂůKƉĞƌĂƚŝŽŶĂůWĞƌŵŝƚƐ
ϭϲ ĂƐĞWĞƌŵŝƚ&ĞĞͲ&ĂĐŝůŝƚLJ^ŝnjĞ
ϬͲϱ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϯϳϲ ϯϴϲΨ ϱ͕ϬϬϭͲϭϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϰϱϭ ϰϲϯΨ ϭϬ͕ϬϬϭͲϱϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ ϱϬ͕ϬϬϭͲϭϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϲϳϲ ϲϵϰΨ ϭϬϬ͕ϬϬϭͲϱϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ Ψϳϱϭ ϳϳϭΨ ϱϬϬ͕ϬϬϬͲϭ͕ϬϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϵϬϭ ϵϮϲΨ хϭ͕ϬϬϬ͕ϬϬϬƐƋ͘Ĩƚ͘ ĨůĂƚ ΨϭϱϬ ϭϱϰΨ
ϭϳ ŶŶƵĂůKƉĞƌĂƚŝŽŶĂůWĞƌŵŝƚͲƉĞƌWĞƌŵŝƚ
>Žǁ,ĂnjĂƌĚ ϭ
ƵƚŽŵŽďŝůĞtƌĞĐŬŝŶŐzĂƌĚƐ ĨůĂƚ Ψϳϱ ϳϳΨ ĞůůƵůŽƐĞEŝƚƌĂƚĞ&ŝůŵ ĨůĂƚ Ψϳϱ ϳϳΨ KƉĞŶ&ůĂŵĞƐĂŶĚĂŶĚůĞƐ ĨůĂƚ Ψϳϱ ϳϳΨ WůĂĐĞƐŽĨƐƐĞŵďůLJϱϬͲϮϵϵ ĨůĂƚ Ψϳϱ ϳϳΨ
DĞĚŝƵŵ,ĂnjĂƌĚ ϭ
ĂƌďŽŶŝŽdžŝĚĞ
ŶƌŝĐŚŵĞŶƚ^LJƐƚĞŵƐ ĨůĂƚ Ψϳϱ ϳϳΨ ĂƌďŽŶŝŽdžŝĚĞ^LJƐƚĞŵƐ/ŶĞǀĞƌĂŐĞŝƐƉĞŶƐŝŶŐ ĨůĂƚ Ψϳϱ ϳϳΨ ŽŵďƵƐƚŝďůĞ&ŝďĞƌƐ ĨůĂƚ Ψϳϱ ϳϳΨ ƌLJůĞĂŶŝŶŐ ĨůĂƚ Ψϳϱ ϳϳΨ &ŝdžĞĚ,ŽŽĚΘƵĐƚ
džƚŝŶŐƵŝƐŚŝŶŐ^LJƐƚĞŵƐ ĨůĂƚ Ψϳϱ ϳϳΨ /ŶĚƵƐƚƌŝĂůKǀĞŶƐ ĨůĂƚ Ψϳϱ ϳϳΨ >ŝƋƵŝĚŽƌ'ĂƐ&ƵĞů
ƋƵŝƉŵĞŶƚŝŶƐƐĞŵďůLJƵŝůĚŝŶŐƐ ĨůĂƚ Ψϳϱ ϳϳΨ >ƵŵďĞƌzĂƌĚƐĂŶĚtŽŽĚǁŽƌŬŝŶŐ ĨůĂƚ Ψϳϱ ϳϳΨ DŝƐĐĞůůĂŶĞŽƵƐŽŵďƵƐƚŝďůĞ^ƚŽƌĂŐĞ ĨůĂƚ Ψϳϱ ϳϳΨ DŽƚŽƌsĞŚŝĐůĞ&ƵĞůŝƐƉĞŶƐŝŶŐ ĨůĂƚ Ψϳϱ ϳϳΨ WLJƌŽdžLJůŝŶWůĂƐƚŝĐƐ ĨůĂƚ Ψϳϱ ϳϳΨ WůĂĐĞƐŽĨƐƐĞŵďůLJϯϬϬͲϵϵϵKĐĐƵƉĂŶƚƐ ĨůĂƚ Ψϳϱ ϳϳΨ WƌŽĚƵĐƚŝŽŶ&ĂĐŝůŝƚŝĞƐ ĨůĂƚ Ψϳϱ ϳϳΨ ZĞĨƌŝŐĞƌĂƚŝŽŶ
ƋƵŝƉŵĞŶƚ ĨůĂƚ Ψϳϱ ϳϳΨ ZŽŽĨƚŽƉ,ĞůŝƉŽƌƚƐ ĨůĂƚ Ψϳϱ ϳϳΨ ^ƚŽƌĂŐĞŽĨ^ĐƌĂƉdŝƌĞƐĂŶĚdŝƌĞLJƉƌŽĚƵĐƚƐ ĨůĂƚ Ψϳϱ ϳϳΨ tĂƐƚĞ,ĂŶĚůŝŶŐ ĨůĂƚ Ψϳϱ ϳϳΨ tŽŽĚ͕DĂŶƵƌĞ͕ĂŶĚKƌŐĂŶŝĐWƌŽĚƵĐƚ^ƚŽƌĂŐĞ ĨůĂƚ Ψϳϱ ϳϳΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ &ŝƌĞWƌĞǀ͕WĂŐĞϮϵŽĨϲϮ &ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
,ŝŐŚ,ĂnjĂƌĚ ϭ
ĞƌŽƐŽůWƌŽĚƵĐƚƐ ĨůĂƚ Ψϳϱ ϳϳΨ ǀŝĂƚŝŽŶ&ĂĐŝůŝƚŝĞƐ ĨůĂƚ Ψϳϱ ϳϳΨ ĂƚƚĞƌLJ^LJƐƚĞŵƐ ĨůĂƚ Ψϳϱ ϳϳΨ ŽŵďƵƐƚŝďůĞƵƐƚWƌŽĚƵĐŝŶŐKƉĞƌĂƚŝŽŶƐ ĨůĂƚ Ψϳϱ ϳϳΨ ŽŵƉƌĞƐƐĞĚ'ĂƐĞƐ ĨůĂƚ Ψϳϱ ϳϳΨ ƌLJŽŐĞŶŝĐ&ůƵŝĚƐ ĨůĂƚ Ψϳϱ ϳϳΨ
džƉůŽƐŝǀĞƐ ĨůĂƚ Ψϳϱ ϳϳΨ &ůĂŵŵĂďůĞĂŶĚŽŵďƵƐƚŝďůĞ>ŝƋƵŝĚƐ ĨůĂƚ Ψϳϱ ϳϳΨ ,ŝŐŚͲƉŝůĞĚŽŵďƵƐƚŝďůĞ^ƚŽƌĂŐĞ ĨůĂƚ Ψϳϱ ϳϳΨ ,ŽƚtŽƌŬƐKƉĞƌĂƚŝŽŶƐ ĨůĂƚ Ψϳϱ ϳϳΨ ,WD&ĂĐŝůŝƚŝĞƐ ĨůĂƚ Ψϳϱ ϳϳΨ >ŝƋƵĞĨŝĞĚWĞƚƌŽůĞƵŵ'ĂƐƐĞƐ ĨůĂƚ Ψϳϱ ϳϳΨ DĂŐŶĞƐŝƵŵ ĨůĂƚ Ψϳϱ ϳϳΨ KƌŐĂŶŝĐŽĂƚŝŶŐƐ ĨůĂƚ Ψϳϱ ϳϳΨ WĂůůĞƚzĂƌĚƐ ĨůĂƚ Ψϳϱ ϳϳΨ WůĂĐĞƐŽĨƐƐĞŵďůLJϭ͕ϬϬϬнKĐĐƵƉĂŶƚƐ ĨůĂƚ Ψϳϱ ϳϳΨ WůĂŶƚ
džƚƌĂĐƚŝŽŶ^LJƐƚĞŵƐ ĨůĂƚ Ψϳϱ ϳϳΨ ZĞƉĂŝƌ'ĂƌĂŐĞƐ ĨůĂƚ Ψϳϱ ϳϳΨ ^ƉƌĂLJŝŶŐŽƌŝƉƉŝŶŐ ĨůĂƚ Ψϳϱ ϳϳΨ dŝƌĞZĞďƵŝůĚŝŶŐWůĂŶƚƐ ĨůĂƚ Ψϳϱ ϳϳΨ
ZĞŝŶƐƉĞĐƚŝŽŶ ƉĞƌŝŶƐƉĞĐƚŝŽŶ Ψϳϱ ϳϳΨ
/// ^ƉĞĐŝĂů
ǀĞŶƚͬdĞŵƉŽƌĂƌLJhƐĞWĞƌŵŝƚƐ
ϭϴ DŝƐĐĞůůĂŶĞŽƵƐŽƵŶƚĞƌWĞƌŵŝƚ;EŽŝŶƐƉĞĐƚŝŽŶƌĞƋΖĚͿ ĨůĂƚ Ϯ ΨϭϱϬ ϭϱϰΨ
ϭϵ ƉƉůŝĐĂƚŝŽŶZĞǀŝĞǁ Ϯ
DŝŶŽƌ^ƉĞĐŝĂů
ǀĞŶƚͬdĞŵƉŽƌĂƌLJhƐĞƉƉůŝĐĂƚŝŽŶ ĨůĂƚ Ψϰϭϯ ϰϮϰΨ DĂũŽƌ^ƉĞĐŝĂů
ǀĞŶƚͬdĞŵƉŽƌĂƌLJhƐĞͬ&ŝůŵWĞƌŵŝƚƉƉůŝĐĂƚŝŽŶ ĨůĂƚ ΨϲϬϭ ϲϭϳΨ
ϮϬ DŝŶŽƌ^ƉĞĐŝĂů
ǀĞŶƚͬdĞŵƉŽƌĂƌLJhƐĞƐͲŝŶƐƉĞĐƚŝŽŶ Ϯ
DŝƐĐĞůůĂŶĞŽƵƐDŝŶŽƌ
ǀĞŶƚ;ƵƉƚŽϱϬϬĂƚƚĞŶĚĞĞƐͿ ĨůĂƚ Ψϯϯϴ ϯϰϳΨ ^ĞĂƐŽŶĂů^ĂůĞƐ>Žƚ ĨůĂƚ ΨϮϮϱ ϮϯϭΨ ZŽĐŬĞƚ>ĂƵŶĐŚŝŶŐ;ŚŝŐŚƉŽǁĞƌĞĚŽƌĞdžƉĞƌŝŵĞŶƚĂůͿ ĨůĂƚ Ψϱϲϯ ϱϳϴΨ ,ĂƵŶƚĞĚ,ŽƵƐĞͬ&ƵŶ,ŽƵƐĞͬDĂnjĞ ĨůĂƚ Ψϰϭϯ ϰϮϰΨ ŽŶĨŝƌĞ ĨůĂƚ Ψϰϴϴ ϱϬϭΨ dĞŶƚƐ͕ĐĂŶŽƉŝĞƐĂŶĚƚĞŵƉŽƌĂƌLJŵĞŵďƌĂŶĞƐƚƌƵĐƚƵƌĞ ĨůĂƚ Ψϯϯϴ ϯϰϳΨ
ĂĐŚĂĚĚΖůƐƚƌƵĐƚƵƌĞ ĨůĂƚ Ψϳϱ ϳϳΨ
Ϯϭ DĂũŽƌ^ƉĞĐŝĂů
ǀĞŶƚͬdĞŵƉŽƌĂƌLJhƐĞƐͲ/ŶƐƉĞĐƚŝŽŶ Ϯ
DŝƐĐĞůůĂŶĞŽƵƐDĂũŽƌ
ǀĞŶƚ;ϱϬϭнĂƚƚĞŶĚĞĞƐͿ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ &ŝůŵ^ŚŽŽƚǁŝƚŚ,ĂnjĂƌĚƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϮϮ &ŝƌĞǁŽƌŬƐWƵďůŝĐŝƐƉůĂLJ Ϯ
&ŝƌƐƚdǁŽ,ŽƵƌƐ ĨŝƌƐƚϮŚŽƵƌƐ Ψϲϳϲ ϲϵϰΨ
ĂĐŚĂĚĚŝƚŝŽŶĂůŚŽƵƌĂĨƚĞƌƚǁŽŚŽƵƌƐ ŚŽƵƌůLJ ΨϯϬϬ ϯϬϵΨ
Ϯϯ /ŶƐƉĞĐƚŝŽŶͲĞĂĐŚĂĚĚΖůŚŽƵƌ ƉĞƌŚŽƵƌ ΨϯϬϬ ϯϬϵΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ &ŝƌĞWƌĞǀ͕WĂŐĞϯϬŽĨϲϮ &ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
Ϯϰ ŽƐƚZĞĐŽǀĞƌLJƵƌŝŶŐ
ǀĞŶƚ ĐƚƵĂůŽƐƚ Ϯ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
Ϯϱ ^ƉĞĐŝĂů
ǀĞŶƚ^ƚĂŶĚďLJ&ĞĞƐ
WĞƌƐŽŶŶĞů
EŽƚĞͲdŚĞƐƉĞĐŝĂůĞǀĞŶƚƐƚĂŶĚďLJĐŚĂƌŐĞƐĨŽƌƐƵƉƉƌĞƐƐŝŽŶĂŶĚŶŽŶͲƐƵƉƉƌĞƐƐŝŽŶ ƉĞƌƐŽŶŶĞůĂƌĞďŝůůĞĚĂƚƚŚĞƐĂŵĞĂŵŽƵŶƚĂƐƚŚĞĞŵƉůŽLJĞĞĐůĂƐƐŝĨŝĐĂƚŝŽŶŚŽƵƌůLJ ƌĂƚĞƐ͘
ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ƋƵŝƉŵĞŶƚ
ƉĞƌĐĂůK
^ƐĐŚĞĚƵůĞ ϰ ^ĞĞĂůK
^&ĞĞ
^ĐŚĞĚƵůĞ
^ĞĞĂůK
^
&ĞĞ^ĐŚĞĚƵůĞ
/s DĂŶĚĂƚĞĚŽƌZĞƋƵŝƌĞĚKĐĐƵƉĂŶĐLJ/ŶƐƉĞĐƚŝŽŶƐ
Ϯϲ ^ƚĂƚĞ&ŝƌĞDĂƌƐŚĂůZĞŐƵůĂƚĞĚKĐĐƵƉĂŶĐŝĞƐ ϭ
ĂLJĂƌĞ&ĂĐŝůŝƚLJͲ'ƌŽƵƉ
KĐĐƵƉĂŶĐLJͲϳŽƌŵŽƌĞĐůŝĞŶƚƐ;ŶŽƚƌĞƋƵŝƌĞĚĂƐƐŝƐƚĂŶĐĞͿ /ŶŝƚŝĂůŝŶƐƉĞĐƚŝŽŶƵƉƚŽϮŚƌƐ ĨůĂƚ ΨϮϮϱ ϮϯϭΨ WƵďůŝĐĂŶĚWƌŝǀĂƚĞ^ĐŚŽŽůƐͲ'ƌŽƵƉ
KĐĐƵƉĂŶĐLJ ĨůĂƚ Ψϯϳϲ ϯϴϲΨ ,ĞĂůƚŚĂƌĞ&ĂĐŝůŝƚŝĞƐͬEƵƌƐŝŶŐŚŽŵĞƐͬĞƚŽdžĞŶƚĞƌƐͲ'ƌŽƵƉ/ͲϮKĐĐƵƉĂŶĐLJͲ/ŶŝƚŝĂů ŝŶƐƉĞĐƚŝŽŶƵƉƚŽϮŚƌƐ ĨůĂƚ ΨϯϬϬ ϯϬϵΨ ĞƚĞŶƚŝŽŶĨĂĐŝůŝƚLJͲ'ƌŽƵƉ/ͲϮKĐĐƵƉĂŶĐLJͲ/ŶŝƚŝĂůŝŶƐƉĞĐƚŝŽŶƵƉƚŽϮŚƌƐ ĨůĂƚ ΨϭϱϬ ϭϱϰΨ ĂLJĂƌĞĨĂĐŝůŝƚLJͲ;ϳнƉĞƌƐŽŶƐͿƌĞƋƵŝƌŝŶŐĂƐƐŝƐƚĂŶĐĞϬ'ƌŽƵƉ/ͲϰͲ/ŶŝƚŝĂůŝŶƐƉĞĐƚŝŽŶƵƉ ƚŽϮŚƌƐ ĨůĂƚ ΨϭϱϬ ϭϱϰΨ DƵůƚŝͲ&ĂŵŝůLJŚŽƵƐŝŶŐͲ;,ŽƚĞůͬDŽƚĞůͬƉĂƌƚŵĞŶƚƐͿ'ƌŽƵƉZͲϭͬZͲϮ ϯĚǁĞůůŝŶŐƵŶŝƚƐ ĨůĂƚ ϭ ΨϯϬϬ ϯϬϵΨ ϰͲϭϱĚǁĞůůŝŶŐƵŶŝƚƐ ĨůĂƚ ϭ Ψϯϳϲ ϯϴϲΨ ϭϲͲϰϵĚǁĞůůŝŶŐƵŶŝƚƐ ĨůĂƚ ϭ Ψϰϱϭ ϰϲϯΨ ϱϬͲϵϵĚǁĞůůŝŶŐƵŶŝƚƐ ĨůĂƚ ϭ ΨϱϮϲ ϱϰϬΨ ϭϬϬͲϭϵϵĚǁĞůůŝŶŐƵŶŝƚƐ ĨůĂƚ ϭ Ψϲϳϲ ϲϵϰΨ ϮϬϬнĚǁĞůůŝŶŐƵŶŝƚƐ ĨůĂƚ ϭ ΨϲϬϭ ϲϭϳΨ ZĞƐŝĚĞŶƚŝĂůĂƌĞ&ĂĐŝůŝƚLJͲ'ƌŽƵƉZͲϮ͘ϭKĐĐƵƉĂŶĐLJ ĨůĂƚ Ψϰϱϭ ϰϲϯΨ ZĞƐŝĚĞŶƚŝĂůĂƌĞ&ĂĐŝůŝƚLJͲZͲϯ͘ϭKĐĐƵƉĂŶĐLJ ĨůĂƚ Ψϰϱϭ ϰϲϯΨ ZĞƐŝĚĞŶƚŝĂůĂƌĞ&ĂĐŝůŝƚLJͲZͲϰKĐĐƵƉĂŶĐLJ ĨůĂƚ Ψϰϱϭ ϰϲϯΨ ,ŝŐŚZŝƐĞ͕/ŶŝƚŝĂůŝŶƐƉĞĐƚŝŽŶƵƉƚŽϮŚƌƐ ƵƉƚŽϮŚƌƐ ΨϲϬϭ ϲϭϳΨ ^ƚĂƚĞ&ŝƌĞDĂƌƐŚĂůZĞŐƵůĂƚĞĚKĐĐƵƉĂŶĐLJͲ,ĞĂůƚŚĂƌĞ͕ĞƚĞŶƚŝŽŶ&ĂĐŝůŝƚŝĞƐ͕ĂŶĚ ,ŝŐŚZŝƐĞƐ͕ƉĞƌĂĚĚΖůŚŽƵƌĂĨƚĞƌϮŚƌƐ
ƉĞƌĂĚĚΖůŚƌ
ĂĨƚĞƌϮŚƌƐ ΨϯϬϬ ϯϬϵΨ
Ϯϳ KƚŚĞƌZĞƋƵŝƌĞĚŽƌDĂŶĚĂƚĞĚ/ŶƐƉĞĐƚŝŽŶƐ
'ĞŶĞƌĂů&ŝĞůĚ/ŶƐƉĞĐƚŝŽŶͬKĐĐƵƉĂŶĐLJ/ŶƐƉĞĐƚŝŽŶ;ƉĞƌŚŽƵƌͿ ŚŽƵƌůLJ ΨϯϬϬ ϯϬϵΨ
s DŝƐĐĞůůĂŶĞŽƵƐ&ĞĞƐ
Ϯϴ ĚŵŝŶŝƐƚƌĂƚŝǀĞŚĂŶŐĞƐ
:ƵǀĞŶŝůĞ&ŝƌĞƐĞƚƚĞƌƐ/ŶƚĞƌǀĞŶƚŝŽŶͲWƌŽŐƌĂŵ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
Ϯϵ ƵƉůŝĐĂƚŝŽŶĨĞĞǁŝƚŚĐĞƌƚŝĨŝĐĂƚŝŽŶƐƚĂŵƉ ƉĞƌƉĂŐĞ ŝƚLJůĞƌŬ&ĞĞ ^ĐŚĞĚƵůĞ
ŝƚLJůĞƌŬ&ĞĞ
^ĐŚĞĚƵůĞ
ϯϬ ƵƉůŝĐĂƚŝŽŶĨĞĞ ƉĞƌƉĂŐĞ ŝƚLJůĞƌŬ&ĞĞ
^ĐŚĞĚƵůĞ
ŝƚLJůĞƌŬ&ĞĞ
^ĐŚĞĚƵůĞ
ϯϭ WĂLJŵĞŶƚWůĂŶ ĨůĂƚ ΨϯϬϬ ϯϬϵΨ
ϯϮ &ŝƐĐĂůĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞ ĞĂĐŚ ĐƚƵĂůĐŽƐƚ ĐƚƵĂůĐŽƐƚ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ &ŝƌĞWƌĞǀ͕WĂŐĞϯϭŽĨϲϮ &ŝƌĞWƌĞǀĞŶƚŝŽŶΘ^ƵƉƉƌĞƐƐŝŽŶ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϯϯ ZĞƚƵƌŶĞĚŚĞĐŬ&ĞĞ
&ŝƌƐƚZĞƚƵƌŶĞĚŚĞĐŬ&ĞĞ ĨŝƌƐƚ ΨϮϱ ΨϮϱ ^ƵďƐĞƋƵĞŶƚZĞƚƵƌŶĞĚŚĞĐŬ&ĞĞ ĞĂĐŚ Ψϯϱ Ψϯϱ
ϯϰ ŝǀŝů^ƵďƉŽĞŶĂ&ĞĞƐ
ZĞĐŽƌĚƐƵďƉŽĞŶĂĨĞĞͲƌĞƐĞĂƌĐŚͬƉƌĞƉĂƌĂƚŝŽŶ ŚŽƵƌůLJ ΨϯϬϬ ϯϬϵΨ ŝǀŝůƐƵďƉŽĞŶĂǁŝƚŶĞƐƐĨĞĞ ĚĂŝůLJ ϯ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ
s/ ŽƐƚZĞĐŽǀĞƌLJ
ϯϱ ,ŽƵƌůLJZĂƚĞƐ
WƌĞǀĞŶƚŝŽŶ ŚŽƵƌůLJ ΨϯϬϬ ϯϬϵΨ ^ƵƉƉƌĞƐƐŝŽŶͬKƉĞƌĂƚŝŽŶƐ ŚŽƵƌůLJ ϰ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϯϲ
ƋƵŝƉŵĞŶƚZĂƚĞƐ
ƉĞƌĐĂůK
^ƐĐŚĞĚƵůĞ ϰ ^ĞĞĂůK
^&ĞĞ
^ĐŚĞĚƵůĞ
^ĞĞĂůK
^
&ĞĞ^ĐŚĞĚƵůĞ
ϯϳ ĚŵŝŶŝƐƚƌĂƚŝǀĞWĞŶĂůƚŝĞƐĨŽƌ&ĂůƐĞŽƌEƵŝƐĂŶĐĞ&ŝƌĞůĂƌŵƐ ϱ &ŝƌƐƚΘ^ĞĐŽŶĚZĞƐƉŽŶƐĞ ƉĞƌƌĞƐƉŽŶƐĞ EŽŚĂƌŐĞ EŽŚĂƌŐĞ dŚŝƌĚĂŶĚƐƵďƐĞƋƵĞŶƚƌĞƐƉŽŶƐĞƐ ƉĞƌƌĞƐƉŽŶƐĞ ϰϱϭΨ ϰϲϯΨ ϯϴ KƚŚĞƌ/ŶĐŝĚĞŶƚZĞůĂƚĞĚ&ĞĞƐ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϯϵ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϯϬϬ ϯϬϵΨ EŽƚĞƐ
ϭ dŽƚĂůĨĞĞĐŚĂƌŐĞĚǁŝůůďĞĂƐĞ&ĞĞнĂŶLJĂƉƉůŝĐĂďůĞŶŶƵĂůKƉĞƌĂƚŝŶŐWĞƌŵŝƚĨĞĞ;ƐͿ Ϯ ŽƐƚƐͬĨĞĞƐĨŽƌŽƚŚĞƌĚĞƉĂƌƚŵĞŶƚƌĞǀŝĞǁŵĂLJĂƉƉůLJƐĞƉĂƌĂƚĞůLJ ϯ ZĞŐƵůĂƚĞĚďLJĂůŝĨŽƌŶŝĂŽĚĞŽĨZĞŐƵůĂƚŝŽŶƐ͕dŝƚůĞϴ͕ϯϴϮ͘tŝƚŶĞƐƐ&ĞĞƐ͘ ϰ ,ŽƵƌůLJZĂƚĞƐƉĞƌ>K
^^ĐŚĞĚƵůĞ͘^ĞĞ
džŚŝďŝƚ͘
ϱ WĞƌƐĞĐƚŝŽŶϯ͘ϱŽĨKƌĚŝŶĂŶĐĞϮϮϲϲ͕ϭͲϭϴͲϮϬϭϭ͕ƚŚĞƐĞĂƌĞĨĞĞƐ͕ŶŽƚĨŝŶĞƐ͘ ϲ WůĂŶƌĞǀŝĞǁŵĂLJďĞǁĂŝǀĞĚŝŶƚŚĞĐĂƐĞŽĨŵŝŶŽƌŵŽĚŝĨŝĐĂƚŝŽŶƐ ĂƐĚĞƚĞƌŵŝŶĞĚďLJƚŚĞĚĞƉĂƌƚŵĞŶƚ͘ ϳ tŚĞƌĞƚŚĞŽƌŝŐŝŶĂůƉůĂŶƌĞǀŝĞǁĨĞĞŝƐůĞƐƐƚŚĂŶƚŚĞƌĞǀŝƐŝŽŶĨĞĞ͕ƚŚĞŽƌŝŐŝŶĂůƉůĂŶƌĞǀŝĞǁ ĨĞĞƐŚĂůůďĞĂƉƉůŝĞĚĂƐƚŚĞƌĞǀŝƐŝŽŶĨĞĞ͘
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ &ŝƌĞWƌĞǀ͕WĂŐĞϯϮŽĨϲϮ WŽůŝĐĞ
ϭ ĚŵŝŶŝƐƚƌĂƚŝǀĞdŽǁ ϯ
ƌŝǀĞƌEŽƚƌƌĞƐƚĞĚ ƉĞƌĚƌŝǀĞƌ ΨϮϬϲ ΨϮϭϭ ƌŝǀĞƌƌƌĞƐƚĞĚ ƉĞƌĚƌŝǀĞƌ ΨϮϬϲ ΨϮϭϭ
Ϯ ůĞĂƌĂŶĐĞ>ĞƚƚĞƌ;ƉĞƌϱŬŝŶŐƌĞƋƵĞƐƚƐͿ ƉĞƌϱŬŝŶŐ ƌĞƋƵĞƐƚƐ ΨϮϲ ΨϮϳ
ϯ &ŝŶŐĞƌƉƌŝŶƚ/ŶŬĂƌĚ ƉĞƌĐĂƌĚ ϭ ΨϮϬ ΨϮϬ
ϰ >ŝǀĞ^ĐĂŶZŽůůŝŶŐ ƉĞƌƉĞƌƐŽŶ ϭ ΨϮϬ ΨϮϬ
ϱ sĞŚŝĐůĞZĞƉŽƐƐĞƐƐŝŽŶ;ƐƚĂƚĞŵĂŶĚĂƚĞĚͿ Ϯ Ψϭϱ Ψϭϱ
ϲ h/ŽƐƚZĞĐŽǀĞƌLJŝůůŝŶŐ ϰ ĐƚƵĂůŽƐƚͲ
DĂdžΨϭϮ͕ϬϬϬ
ĐƚƵĂůŽƐƚͲ
DĂdžΨϭϮ͕ϬϬϬ
ϳ ĚŵŝŶŝƐƚƌĂƚŝǀĞWĞŶĂůƚŝĞƐĨŽƌ&ĂůƐĞŽƌEƵŝƐĂŶĐĞůĂƌŵƐ ϲ &ŝƌƐƚΘ^ĞĐŽŶĚZĞƐƉŽŶƐĞ ƉĞƌƌĞƐƉŽŶƐĞ E
t EŽŚĂƌŐĞ
dŚŝƌĚĂŶĚƐƵďƐĞƋƵĞŶƚƌĞƐƉŽŶƐĞƐ ƉĞƌƌĞƐƉŽŶƐĞ E
t ϭϵϱΨ
ϴ ,ŽƵƌůLJZĂƚĞͲ^ǁŽƌŶ ϯ ΨϭϵϬ Ψϭϵϱ
ϵ ,ŽƵƌůLJZĂƚĞͲEŽŶ^ǁŽƌŶ ϯ Ψϳϵ Ψϴϭ
ϭϬ KǀĞƌƚŝŵĞZĂƚĞƐ ϱ
ĞƉƵƚLJ ƉĞƌŚŽƵƌ ΨϮϰϲ ΨϮϱϯ ĞƚĞĐƚŝǀĞ ƉĞƌŚŽƵƌ ΨϮϰϲ ΨϮϱϯ ^ĞƌŐĞĂŶƚ ƉĞƌŚŽƵƌ ΨϮϰϲ ΨϮϱϯ EŽƚĞƐ
ϭ ĞƉĂƌƚŵĞŶƚŽĨ:ƵƐƚŝĐĞĨĞĞĂƉƉůŝĞƐƐĞƉĂƌĂƚĞůLJ͘
Ϯ &ĞĞŵĂŶĚĂƚĞĚďLJ^ƚĂƚĞ'ŽǀĞƌŶŵĞŶƚĐŽĚĞϰϭϲϭϮ͘
ϯ ŽƐƚŽĨdŽǁĂƉƉůŝĞĚƐĞƉĂƌĂƚĞůLJ
ϰ
ϱ &ŽƌƵƐĞŽŶƐƉĞĐŝĂůĞǀĞŶƚƐŽƌŽƚŚĞƌŝŶƐƚĂŶĐĞƐǁŚĞƌĞĂŶKdƌĂƚ ĞŝƐƌĞƋƵŝƌĞĚ͘ ϲ WĞƌsDϯ͘ϱϬ͘ϬϯϬΘKƌĚ͘EŽ͘ϮϮϲϲ͕ϭͲϭϴͲϮϬϭϭ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ŐŽǀĞƌŶŵĞŶƚĐŽĚĞƐĞĐƚŝŽŶƐϱϯϭϱϬƚŚƌŽƵŐŚϱϯϭϱϴ͗ĐƚƵĂůĐŽƐƚŽĨƉĞƌƐŽŶŶĞů͕ƵƉƚŽŵĂdžŝŵƵŵŽĨΨϭϮ͕ϬϬϬĨŽƌĐĐŝĚĞŶƚZĞƐƉŽŶƐĞ ĂŶĚ/ŶǀĞƐƚŝŐĂƚŝŽŶ͘
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ WŽůŝĐĞ͕WĂŐĞϯϯŽĨϲϮ
ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ
ϭ ƵƐŝŶĞƐƐdLJƉĞ
/ŶͲŝƚLJEĞǁƉƉůŝĐĂƚŝŽŶ&ĞĞƐ
sDϬϮϬZĞƚĂŝůͬDŝƐĐ ƉĞƌůŝĐĞŶƐĞ ϯϳϵΨ ϯϵϬΨ sDϬϯϬ^ĞƌǀŝĐĞͬĞůŝǀĞƌLJ ƉĞƌůŝĐĞŶƐĞ ϯϳϵΨ ϯϵϬΨ sDϬϰϬĚŵŝŶŝƐƚƌĂƚŝǀĞ ƉĞƌůŝĐĞŶƐĞ ϯϳϵΨ ϯϵϬΨ sDϬϱϬDĂŶƵĨĂĐƚƵƌŝŶŐ ƉĞƌůŝĐĞŶƐĞ ϯϳϵΨ ϯϵϬΨ sDϬϲϬWƌŽĨĞƐƐŝŽŶĂů ƉĞƌůŝĐĞŶƐĞ ϯϳϵΨ ϯϵϬΨ sDϬϳϬŽŶƚƌĂĐƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϯϳϵΨ ϯϵϬΨ sDϬϴϬ^&ZZĞŶƚĂůƐ ƉĞƌůŝĐĞŶƐĞ ϯϰϳΨ ϯϱϲΨ sDϬϴϬD&ZZĞŶƚĂůƐ ƉĞƌůŝĐĞŶƐĞ ϯϲϯΨ ϯϳϯΨ sDϬϴϬDŽƚĞůƐͬ,ŽƚĞůƐ ƉĞƌůŝĐĞŶƐĞ ϯϲϯΨ ϯϳϯΨ sDϬϵϬ
ŶƚĞƌƚĂŝŶŵĞŶƚͬŵƵƐĞŵĞŶƚ ƉĞƌůŝĐĞŶƐĞ ϯϳϵΨ ϯϵϬΨ sDϭϬϬ&ŝůŵͬWŚŽƚŽŐƌĂƉŚLJ ƉĞƌůŝĐĞŶƐĞ ϴϯϴΨ ϴϲϭΨ sDϭϭϬsĞŚŝĐůĞƐĨŽƌ,ŝƌĞ ƉĞƌůŝĐĞŶƐĞ ϵϵϵΨ ϭ͕ϬϮϲΨ sDϭϭϱ^ŝĚĞǁĂůŬĂŶĚDŽďŝůĞsĞŶĚŽƌƐ
DŽďŝůĞͬ^ŝŶŐůĞ>ŽĐĂƚŝŽŶsĞŶĚŽƌ
;ŽƉĞƌĂƚŝŶŐĂƚƉƌĞͲĂƉƉƌŽǀĞĚůŽĐĂƚŝŽŶͿ ƉĞƌůŝĐĞŶƐĞ ϰϯϵΨ ϰϱϭΨ DŽďŝůĞͬ^ŝŶŐůĞ>ŽĐĂƚŝŽŶsĞŶĚŽƌ
;ƐĞĞŬŝŶŐĂƉƉƌŽǀĂůŽĨŶĞǁůŽĐĂƚŝŽŶͿ ƉĞƌůŝĐĞŶƐĞ ϰϵϵΨ ϱϭϮΨ
ǀĞŶƚKŶůLJ ƉĞƌůŝĐĞŶƐĞ ϯ E
t ϭϬϭΨ
sDϭϮϬ^ŽůŝĐŝƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϳϯϲΨ ϳϱϲΨ sDϭϯϬ&ŝƌĞĂƌŵƐͬWĂǁŶƐŚŽƉƐ ƉĞƌůŝĐĞŶƐĞ ϰϳϯΨ ϰϴϱΨ sDϭϰϬDĂƐƐĂŐĞ ƉĞƌůŝĐĞŶƐĞ ϰϭϮΨ ϰϮϯΨ sDϭϱϬ
džĞŵƉƚ ƉĞƌůŝĐĞŶƐĞ ͲΨ ͲΨ Ϯ KƵƚͲŽĨͲŝƚLJEĞǁƉƉůŝĐĂƚŝŽŶ&ĞĞƐ
sDϬϮϬZĞƚĂŝůͬDŝƐĐ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϯϬ^ĞƌǀŝĐĞͬĞůŝǀĞƌLJ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϰϬĚŵŝŶŝƐƚƌĂƚŝǀĞ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϱϬDĂŶƵĨĂĐƚƵƌŝŶŐ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϲϬWƌŽĨĞƐƐŝŽŶĂů ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϳϬŽŶƚƌĂĐƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϵϬ
ŶƚĞƌƚĂŝŶŵĞŶƚͬŵƵƐĞŵĞŶƚ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϭϭϬsĞŚŝĐůĞƐĨŽƌ,ŝƌĞ ƉĞƌůŝĐĞŶƐĞ ϰϳϭΨ ϰϴϰΨ sDϭϮϬ^ŽůŝĐŝƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϰϯϵΨ ϰϱϬΨ sDϭϯϬ&ŝƌĞĂƌŵƐͬWĂǁŶƐŚŽƉƐ ƉĞƌůŝĐĞŶƐĞ ϮϱϴΨ ϮϲϱΨ sDϭϰϬDĂƐƐĂŐĞ ƉĞƌůŝĐĞŶƐĞ ϭϴϭΨ ϭϴϲΨ sDϭϱϬ
džĞŵƉƚ ƉĞƌůŝĐĞŶƐĞ ͲΨ ͲΨ ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ͕WĂŐĞϯϰŽĨϲϮ ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϯ ZĞŶĞǁĂů&ĞĞƐ
sDϬϮϬZĞƚĂŝůͬDŝƐĐ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϯϬ^ĞƌǀŝĐĞͬĞůŝǀĞƌLJ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϰϬĚŵŝŶŝƐƚƌĂƚŝǀĞ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϱϬDĂŶƵĨĂĐƚƵƌŝŶŐ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϲϬWƌŽĨĞƐƐŝŽŶĂů ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϳϬŽŶƚƌĂĐƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϴϬ^&ZZĞŶƚĂůƐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϴϬ^&ZZĞŶƚĂůƐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϴϬD&ZZĞŶƚĂůƐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϴϬD&ZZĞŶƚĂůƐхϯ ƉĞƌƵŶŝƚ ϭϭϱΨ ϭϭϴΨ sDϬϴϬDŽƚĞůƐͬ,ŽƚĞůƐ ƉĞƌůŝĐĞŶƐĞ ϭϭϱΨ ϭϭϴΨ sDϬϴϬD&ZZĞŶƚĂůƐхϯ ƉĞƌƵŶŝƚ ϭϭϱΨ ϭϭϴΨ sDϬϵϬ
ŶƚĞƌƚĂŝŶŵĞŶƚͬŵƵƐĞŵĞŶƚ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϭϭϬsĞŚŝĐůĞƐĨŽƌ,ŝƌĞ ƉĞƌůŝĐĞŶƐĞ ϯϬϳΨ ϯϭϱΨ sDϭϭϱ^ŝĚĞǁĂůŬĂŶĚDŽďŝůĞsĞŶĚŽƌ
DŽďŝůĞͬ^ŝŶŐůĞ>ŽĐĂƚŝŽŶsĞŶĚŽƌ
;ŽƉĞƌĂƚŝŶŐĂƚƉƌĞͲĂƉƉƌŽǀĞĚůŽĐĂƚŝŽŶͿ ƉĞƌůŝĐĞŶƐĞ ϮϱϴΨ ϮϲϱΨ DŽďŝůĞͬ^ŝŶŐůĞ>ŽĐĂƚŝŽŶsĞŶĚŽƌ
;ƐĞĞŬŝŶŐĂƉƉƌŽǀĂůŽĨŶĞǁůŽĐĂƚŝŽŶͿ ƉĞƌůŝĐĞŶƐĞ ϮϱϴΨ ϮϲϱΨ
ǀĞŶƚKŶůLJ ƉĞƌůŝĐĞŶƐĞ ϯ E
t ϭϬϭΨ
sDϭϮϬ^ŽůŝĐŝƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϮϳϰΨ ϮϴϭΨ sDϭϯϬ&ŝƌĞĂƌŵƐͬWĂǁŶƐŚŽƉƐ ƉĞƌůŝĐĞŶƐĞ ϭϳϱΨ ϭϴϬΨ sDϭϰϬDĂƐƐĂŐĞ ƉĞƌůŝĐĞŶƐĞ ϭϯϮΨ ϭϯϱΨ sDϭϱϬ
džĞŵƉƚ ƉĞƌůŝĐĞŶƐĞ ͲΨ ͲΨ ϰ /ŶͲŝƚLJDŽĚŝĨŝĐĂƚŝŽŶ&ĞĞƐ
sDϬϮϬZĞƚĂŝůͬDŝƐĐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϯϬ^ĞƌǀŝĐĞͬĞůŝǀĞƌLJ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϰϬĚŵŝŶŝƐƚƌĂƚŝǀĞ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϱϬDĂŶƵĨĂĐƚƵƌŝŶŐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϲϬWƌŽĨĞƐƐŝŽŶĂů ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϳϬŽŶƚƌĂĐƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϴϬ^&ZZĞŶƚĂůƐ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϬϴϬD&ZZĞŶƚĂůƐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϴϬDŽƚĞůƐͬ,ŽƚĞůƐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϬϵϬ
ŶƚĞƌƚĂŝŶŵĞŶƚͬŵƵƐĞŵĞŶƚ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϭϭϬsĞŚŝĐůĞƐĨŽƌ,ŝƌĞ ƉĞƌůŝĐĞŶƐĞ ϮϵϲΨ ϯϬϰΨ sDϭϮϬ^ŽůŝĐŝƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϮϲϯΨ ϮϳϬΨ sDϭϯϬ&ŝƌĞĂƌŵƐͬWĂǁŶƐŚŽƉƐ ƉĞƌůŝĐĞŶƐĞ ϭϰϴΨ ϭϱϮΨ sDϭϰϬDĂƐƐĂŐĞ ƉĞƌůŝĐĞŶƐĞ ϭϯϮΨ ϭϯϱΨ sDϭϱϬ
džĞŵƉƚ ƉĞƌůŝĐĞŶƐĞ ͲΨ ͲΨ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ͕WĂŐĞϯϱŽĨϲϮ ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϱ KƵƚͲŽĨͲŝƚLJDŽĚŝĨŝĐĂƚŝŽŶ&ĞĞƐ
sDϬϮϬZĞƚĂŝůͬDŝƐĐ ƉĞƌůŝĐĞŶƐĞ ϰϵΨ ϱϭΨ sDϬϯϬ^ĞƌǀŝĐĞͬĞůŝǀĞƌLJ ƉĞƌůŝĐĞŶƐĞ ϰϵΨ ϱϭΨ sDϬϰϬĚŵŝŶŝƐƚƌĂƚŝǀĞ ƉĞƌůŝĐĞŶƐĞ ϰϵΨ ϱϭΨ sDϬϱϬDĂŶƵĨĂĐƚƵƌŝŶŐ ƉĞƌůŝĐĞŶƐĞ ϰϵΨ ϱϭΨ sDϬϲϬWƌŽĨĞƐƐŝŽŶĂů ƉĞƌůŝĐĞŶƐĞ ϰϵΨ ϱϭΨ sDϬϳϬŽŶƚƌĂĐƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϰϵΨ ϱϭΨ sDϬϵϬ
ŶƚĞƌƚĂŝŶŵĞŶƚͬŵƵƐĞŵĞŶƚ ƉĞƌůŝĐĞŶƐĞ ϰϵΨ ϱϭΨ sDϭϭϬsĞŚŝĐůĞƐĨŽƌ,ŝƌĞ ƉĞƌůŝĐĞŶƐĞ ϮϰϳΨ ϮϱϯΨ sDϭϮϬ^ŽůŝĐŝƚŽƌƐ ƉĞƌůŝĐĞŶƐĞ ϮϭϰΨ ϮϭϵΨ sDϭϯϬ&ŝƌĞĂƌŵƐͬWĂǁŶƐŚŽƉƐ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ sDϭϰϬDĂƐƐĂŐĞ ƉĞƌůŝĐĞŶƐĞ ϴϮΨ ϴϰΨ sDϭϱϬ
džĞŵƉƚ ƉĞƌůŝĐĞŶƐĞ ͲΨ ͲΨ ϲ &ŝŶŐĞƌƉƌŝŶƚŝŶŐͬ>ŝǀĞ^ĐĂŶ^ĞƌǀŝĐĞ Ϯ
ZŽůůŝŶŐ&ĞĞ
^ƚĂŶĚĂƌĚZŽůůŝŶŐ&ĞĞ ĞĂĐŚ E
t ϭϬϭΨ
&ŽƌŝƚLJƵƐŝŶĞƐƐ ĞĂĐŚ ϭ E
t ϮϬΨ
'ŽǀĞƌŶŵĞŶƚWƌŽĐĞƐƐŝŶŐ&ĞĞ ĐƚƵĂůŽƐƚ E
t ĐƚƵĂůŽƐƚ
ϳ ƵƉůŝĐĂƚĞ>ŝĐĞŶƐĞͬZĞŶĞǁĂůEŽƚŝĐĞ&ĞĞ ƉĞƌůŝĐĞŶƐĞ ϮϬΨ ϮϬΨ ϴ hƉĚĂƚĞ>ŝĐĞŶƐĞ&ĞĞ ƉĞƌůŝĐĞŶƐĞ ϰϵΨ ϱϭΨ ϵ ZĞƚƵƌŶDĂŝů&ĞĞ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ ϭϬ
džƉĞĚŝƚĞĚWƌŽĐĞƐƐŝŶŐ&ĞĞ ƉĞƌůŝĐĞŶƐĞ ϵϵΨ ϭϬϭΨ ϭϭ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ Ψϭϵϳ ϮϬϯΨ EŽƚĞƐ͗
ϭ dŚĞƌŽůůŝŶŐĨĞĞŝƐŽĨĨĞƌĞĚĂƚĂƌĞĚƵĐĞĚƌĂƚĞĨŽƌŝŶĚŝǀŝĚƵĂůƐƌĞƋƵŝƌŝŶŐ>ŝǀĞƐĐĂŶƐĞƌǀŝĐĞƐĨŽƌ ŝƚLJďƵƐŝŶĞƐƐƉƵƌƉŽƐĞƐƐƵĐŚĂƐƵƐŝŶĞƐƐ>ŝĐĞŶƐŝŶŐ͘&ŽƌĂůůŽƚŚĞƌďƵƐŝŶĞƐƐŽƌƉĞƌƐŽŶĂů ŶĞĞĚƐ͕ ƚŚĞ ƌŽůůŝŶŐ ĨĞĞ ǁŝůů ďĞ ĐŚĂƌŐĞĚ Ăƚ ƚŚĞ ƐƚĂŶĚĂƌĚ ƌĂƚĞ͘ Ϯ ZŽůůŝŶŐ&ĞĞĂŶĚ'ŽǀĞƌŶŵĞŶƚWƌŽĐĞƐƐŝŶŐ&ĞĞƐǁŝůůďĞǁĂŝǀĞĚĨŽƌǀŽůƵŶƚĞĞƌƐŝŶŝƚLJ WƌŽŐƌĂŵƐĂŶĚĨŽƌŝƚLJ,ƵŵĂŶZĞƐŽƵƌĐĞƐƉƵƌƉŽƐĞƐ͘
ϯ KŶůLJĨŽƌŝƚLJĞǀĞŶƚƐŽƌƉƌŝǀĂƚĞĞǀĞŶƚƐƉĞƌŵŝƚƚĞĚǁŝƚŚĂdhW͕ŽƌĂŶLJŽƚŚĞƌĞǀĞŶƚƚŚĂƚ ĚŽĞƐŶ͛ƚĨĂůůƵŶĚĞƌƚŚĞ^ŝĚĞǁĂůŬĂŶĚDŽďŝůĞsĞŶĚŽƌĐĂƚĞŐŽƌLJ͘ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ͕WĂŐĞϯϲŽĨϲϮ ŽĚĞ
ŶĨŽƌĐĞŵĞŶƚ
ϭ ďĂƚĞŵĞŶƚŽĂƌĚhƉ
džƉĞŶƐĞ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
Ϯ ŝƚĂƚŝŽŶ&ĞĞ ĞĂĐŚ WĞƌŝƚĂƚŝŽŶ
^ĐŚĞĚƵůĞ
WĞƌŝƚĂƚŝŽŶ
^ĐŚĞĚƵůĞ
ϯ ŝƚĞŝƐŵŝƐƐĂů&ĞĞ ĞĂĐŚ
WƌŽĐĞƐƐŝŶŐ&ĞĞ ĞĂĐŚ ͲΨ ͲΨ dŚŝƌĚWĂƌƚLJŚĂƌŐĞ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϰ ďĂƚĞŵĞŶƚůĞĂŶhƉ
džƉĞŶƐĞ&ĞĞ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϱ tĞĞĚďĂƚĞŵĞŶƚ
džƉĞŶƐĞ&ĞĞ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϲ /ŶƐƉĞĐƚŽƌDĂƌŝũƵĂŶĂ'ƌŽǁ/ŶƐƉĞĐƚŝŽŶ&ĞĞ ĞĂĐŚ ϲϭϴΨ ϲϯϰΨ ϳ ŽĚĞKĨĨŝĐĞƌDĂƌŝũƵĂŶĂ/ŶƐƉĞĐƚŝŽŶ&ĞĞ ĞĂĐŚ ϲ͕ϲϭϴΨ ϲ͕ϳϵϳΨ ϴ ŽŵŵŝƚŵĞŶƚ>ĞƚƚĞƌĐƚŝǀŝƚLJ ĞĂĐŚ ϮϵϲΨ ϯϬϰΨ ϵ ŽŵƉůŝĂŶĐĞ/ŶƐƉĞĐƚŽŶ ĞĂĐŚ ϵϵΨ ϭϬϭΨ ϭϬ ĞŵĂŶĚĐƚŝǀŝƚLJ ĞĂĐŚ ϮϰϳΨ ϮϱϯΨ ϭϭ /ŶǀŽŝĐĞĐƚŝǀŝƚLJ ĞĂĐŚ ϭϵϳΨ ϮϬϯΨ ϭϮ DŝƐĐĞůůĂŶĞŽƵƐŽĚĞ
ŶĨŽƌĐĞŵĞŶƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϭϯ EKW&ŝůĞĚĐƚŝǀŝƚLJ ĞĂĐŚ ϮϵϲΨ ϯϬϰΨ ϭϰ ŝƚLJWŽŽůWƵŵƉ ĞĂĐŚ ϲϵϬΨ ϳϬϵΨ ϭϱ ĚŵŝŶŝƐƚƌĂƚŝǀĞŝƚĂƚŝŽŶ^ĐŚĞĚƵůĞ ϯ
sŝŽůĂƚŝŽŶ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϭϬϬΨ ϭϬϬΨ &ŝƌƐƚsŝŽůĂƚŝŽŶǁͬŝŶϭϮŵŽƐ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϮϬϬΨ ϮϬϬΨ ^ĞĐŽŶĚsŝŽůĂƚŝŽŶǁͬŝŶϭϮŵŽƐ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϰϬϬΨ ϰϬϬΨ dŚŝƌĚsŝŽůĂƚŝŽŶǁͬŝŶϭϮŵŽƐ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϭ͕ϬϬϬΨ ϭ͕ϬϬϬΨ &ŽƵƌƚŚsŝŽůĂƚŝŽŶǁͬŝŶϭϮŵŽƐ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϯϳΨ ϯϳΨ ϭϲ WƌŽƉĞƌƚLJŽŵƉůŝĂŶĐĞ/ŶƐƉĞĐƚŝŽŶ ĞĂĐŚ Ϯ ϯϵϱΨ ϰϬϱΨ ϭϳ ƵƐŝŶĞƐƐ>ŝĐĞŶƐĞZĞǀŽĐĂƚŝŽŶĐƚŝŽŶ ĞĂĐŚ ϲϵϬΨ ϳϬϵΨ ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ŽĚĞ
ŶĨŽƌĐĞŵĞŶƚ͕WĂŐĞϯϳŽĨϲϮ
ŽĚĞ
ŶĨŽƌĐĞŵĞŶƚ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϭϴ EŽƚŝĐĞƚŽďĂƚĞ ĞĂĐŚ ϱ E
t ϭ͕ϭϭϰΨ
>ŝƚŝŐĂƚŝŽŶ'ƵĂƌĂŶƚĞĞ ĨůĂƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
&ŝƌĞ,ĂnjĂƌĚͬtĞĞĚďĂƚĞŵĞŶƚWƌŽŐƌĂŵ ϰ
ϭϵ /ŶƐƉĞĐƚŝŽŶ ĞĂĐŚ ϭϵϳΨ ϮϬϯΨ ϮϬ /ŶƐƉĞĐƚŝŽŶͲĐŽŶƚŝŐƵŽƵƐƉĂƌĐĞůƐ ĞĂĐŚ ϯϵϱΨ ϰϬϱΨ Ϯϭ EŽƚŝĨŝĐĂƚŝŽŶ ĞĂĐŚ ϵϵΨ ϭϬϭΨ ϮϮ EŽƚŝĨŝĐĂƚŝŽŶͲĐŽŶƚŝŐƵŽƵƐƉĂƌĐĞůƐ ĞĂĐŚ ϵϵΨ ϭϬϭΨ Ϯϯ ŽŵƉůŝĂŶĐĞŝŶƐƉĞĐƚŝŽŶ ĞĂĐŚ ϭϵϳΨ ϮϬϯΨ Ϯϰ ŽŵƉůŝĂŶĐĞŝŶƐƉĞĐƚŝŽŶͲĐŽŶƚŝŐƵŽƵƐƉĂƌĐĞůƐ ĞĂĐŚ ϯϵϱΨ ϰϬϱΨ Ϯϱ ĂƐĞĐůŽƐƵƌĞŝŶƐƉĞĐƚŝŽŶ ĞĂĐŚ ϵϵΨ ϭϬϭΨ Ϯϲ ĂƐĞĐůŽƐƵƌĞŝŶƐƉĞĐƚŝŽŶͲĐŽŶƚŝŐƵŽƵƐƉĂƌĐĞůƐ ĞĂĐŚ ϵϵΨ ϭϬϭΨ Ϯϳ ŽŵŵŝƚŵĞŶƚůĞƚƚĞƌƉƌŽĐĞƐƐŝŶŐ ĞĂĐŚ ϮϵϲΨ ϯϬϰΨ Ϯϴ WƵďůŝĐƌĞƋƵĞƐƚĨŽƌǀĞŚŝĐůĞĂďĂƚĞŵĞŶƚĂŶĚƌĞŵŽǀĂů ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ Ϯϵ tĂƌƌĂŶƚƉƌŽĐƵƌĞŵĞŶƚĂŶĚƉƌŽĐĞƐƐŝŶŐ ĞĂĐŚ ϲϵϬΨ ϳϬϵΨ ϯϬ
džƉĞĚŝƚĞĚWƌŽĐĞƐƐŝŶŐ&ĞĞ;EKWt^Ϳ ĞĂĐŚ ϮϵϲΨ ϯϬϰΨ &ĂƚƐ͕KŝůƐĂŶĚ'ƌĞĂƐĞ;&K'ͿWƌŽŐƌĂŵ
ϯϭ EĞǁƉƉůŝĐĂƚŝŽŶ
'ƌĞĂƐĞdƌĂƉ ĨůĂƚ ϮϵϲΨ ϯϬϰΨ 'ƌĞĂƐĞ/ŶƚĞƌĐĞƉƚŽƌ ĨůĂƚ ϮϵϲΨ ϯϬϰΨ ϯϮ ZĞŶĞǁĂů
'ƌĞĂƐĞdƌĂƉ ĨůĂƚ ϭϵϳΨ ϮϬϯΨ 'ƌĞĂƐĞ/ŶƚĞƌĐĞƉƚŽƌ ĨůĂƚ ϮϵϲΨ ϯϬϰΨ ϯϯ &K'ŽŵƉůŝĂŶĐĞ/ŶƐƉĞĐƚŝŽŶͲdƌĂƉ ĞĂĐŚ ϭϵϳΨ ϮϬϯΨ ϯϰ &K'ŽŵƉůŝĂŶĐĞ/ŶƐƉĞĐƚŝŽŶͲ/ŶƚĞƌĐĞƉƚŽƌ ĞĂĐŚ ϯϵϱΨ ϰϬϱΨ ϯϱ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ Ψϭϵϳ ϮϬϯΨ EŽƚĞƐ
ϭ KƚŚĞƌĨĞĞƐŵĂLJĂƉƉůLJ͘
Ϯ &ŽƌƌĞĂůĞƐƚĂƚĞƐĂůĞƐ͘
ϯ &ŝŶĞƐͬWĞŶĂůƚŝĞƐ
ϰ ƵƚŚŽƌŝƚLJƚŽĐŚĂƌŐĞ&ŝƌĞ,ĂnjĂƌĚͬtĞĞĚďĂƚĞŵĞŶƚ&ĞĞƐŝƐŝƚLJŽĨsŝĐƚŽƌǀŝůůĞŵƵŶŝĐŝƉĂůĐŽĚĞdŝƚůĞϴ͕ŚĂƉƚĞƌϴ͘ϭϮ͘ ϱ WůƵƐ>ŝƚŝŐĂƚŝŽŶ'ƵĂƌĂŶƚĞĞ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ŽĚĞ
ŶĨŽƌĐĞŵĞŶƚ͕WĂŐĞϯϴŽĨϲϮ
ŶŝŵĂůŽŶƚƌŽů
ϭ ZĞƚƵƌŶĞĚƚŽKǁŶĞƌ&ĞĞƐůƚĞƌĞĚŽŐƐ
/ŵƉŽƵŶĚ&ĞĞͬĚĂLJ ƉĞƌĚĂLJ ϮϮΨ ϮϯΨ ƉƉƌĞŚĞŶƐŝŽŶ
ϭƐƚKĨĨĞŶƐĞ ϭϵϲΨ ϮϬϮΨ ϮŶĚKĨĨĞŶƐĞ ϭϵϲΨ ϮϬϮΨ ϯƌĚKĨĨĞŶƐĞ ϭϵϲΨ ϮϬϮΨ ϰƚŚͬƐƵďƐĞƋƵĞŶƚ ϭϵϲΨ ϮϬϮΨ ŽŐǁŝƚŚEŽ>ŝĐĞŶƐĞ
ϭƐƚKĨĨĞŶƐĞ ϮϲϴΨ ϮϳϱΨ ϮŶĚKĨĨĞŶƐĞ ϮϲϴΨ ϮϳϱΨ ϯƌĚKĨĨĞŶƐĞ ϮϲϴΨ ϮϳϱΨ ϰƚŚͬƐƵďƐĞƋƵĞŶƚ ϮϲϴΨ ϮϳϱΨ ŽŐǁŝƚŚ>ŝĐĞŶƐĞ
ϭƐƚKĨĨĞŶƐĞ ϮϭϵΨ ϮϮϱΨ ϮŶĚKĨĨĞŶƐĞ ϮϭϵΨ ϮϮϱΨ ϯƌĚKĨĨĞŶƐĞ ϮϭϵΨ ϮϮϱΨ ϰƚŚͬƐƵďƐĞƋƵĞŶƚ ϮϭϵΨ ϮϮϱΨ Ϯ ZĞƚƵƌŶĞĚƚŽKǁŶĞƌ&ĞĞƐhŶĂůƚĞƌĞĚŽŐƐ
/ŵƉŽƵŶĚĂŝůLJ ƉĞƌĚĂLJ ϮϮΨ ϮϯΨ ƉƉƌĞŚĞŶƐŝŽŶ
ϭƐƚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϭϵϲΨ ϮϬϮΨ ϮŶĚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϭϵϲΨ ϮϬϮΨ ϯƌĚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϭϵϲΨ ϮϬϮΨ ϰƚŚͬƐƵďƐĞƋƵĞŶƚ ƉĞƌĚĂLJ ϭϵϲΨ ϮϬϮΨ ^ƚĂƚĞDĂŶĚĂƚĞ
ϭƐƚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϯϱΨ ϯϱΨ ϮŶĚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϱϬΨ ϱϬΨ ϯƌĚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϭϬϬΨ ϭϬϬΨ ϰƚŚͬƐƵďƐĞƋƵĞŶƚ ƉĞƌĚĂLJ ϭϬϬΨ ϭϬϬΨ ŽŐǁŝƚŚEŽ>ŝĐĞŶƐĞ
ϭƐƚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϯϬϰΨ ϯϭϮΨ ϮŶĚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϯϮϬΨ ϯϮϴΨ ϯƌĚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϯϳϭΨ ϯϴϭΨ ϰƚŚͬƐƵďƐĞƋƵĞŶƚ ƉĞƌĚĂLJ ϯϳϭΨ ϯϴϭΨ ŽŐǁŝƚŚ>ŝĐĞŶƐĞ
ϭƐƚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϮϱϱΨ ϮϲϮΨ ϮŶĚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϮϳϬΨ ϮϳϴΨ ϯƌĚKĨĨĞŶƐĞ ƉĞƌĚĂLJ ϯϮϮΨ ϯϯϭΨ ϰƚŚͬƐƵďƐĞƋƵĞŶƚ ƉĞƌĚĂLJ ϯϮϮΨ ϯϯϭΨ ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ŶŝŵĂůŽŶƚƌŽů͕WĂŐĞϯϵŽĨϲϮ ŶŝŵĂůŽŶƚƌŽů
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϯ KǁŶĞƌdƵƌŶ/Ŷ&ĞĞƐ
>ŝĐĞŶƐĞĚ>ŝǀĞŽŐ ƉĞƌĂŶŝŵĂů ϭϵϲΨ ϮϬϮΨ >ŝĐĞŶƐĞĚŽŐ͕K ƉĞƌĂŶŝŵĂů ϭϰϳΨ EŽŚĂƌŐĞ hŶůŝĐĞŶƐĞĚ>ŝǀĞŽŐ ƉĞƌĂŶŝŵĂů ϭϵϲΨ ϮϬϮΨ hŶůŝĐĞŶƐĞĚŽŐ͕K ƉĞƌĂŶŝŵĂů ϭϰϳΨ ϭϱϭΨ >ŝǀĞĂƚ ƉĞƌĂŶŝŵĂů ϭϵϲΨ ϮϬϮΨ Ăƚ͕K ƉĞƌĂŶŝŵĂů ϭϰϳΨ ϭϱϭΨ ůůKƚŚĞƌ^ŵĂůůŶŝŵĂůƐ ƉĞƌĂŶŝŵĂů ϵϴΨ ϭϬϭΨ ůůKƚŚĞƌŶŝŵĂůƐ>ĂƌŐĞƌƚŚĂŶĂŽŐ ƉĞƌĂŶŝŵĂů ϭ ϭϵϲΨ ϮϬϮΨ K>ŝǀĞƐƚŽĐŬ ƉĞƌĂŶŝŵĂů
ZĞĨĞƌƚŽWƌŝǀĂƚĞ
ŽŵƉĂŶLJĨŽƌ
ZĞŵŽǀĂů
ZĞĨĞƌƚŽ
WƌŝǀĂƚĞ
ŽŵƉĂŶLJĨŽƌ
ZĞŵŽǀĂů
ĚĚŝƚŝŽŶĂůŶŝŵĂůƐ ƉĞƌĂŶŝŵĂů ϭϲΨ ϭϳΨ Wd^ ƉĞƌĂŶŝŵĂů ϭϵϲΨ ϮϬϮΨ ϰ >ŝĐĞŶƐĞ&ĞĞƐĨŽƌůƚĞƌĞĚŽŐƐ
ϭLJĞĂƌůŝĐĞŶƐĞ ƉĞƌĚŽŐ ϮϭΨ ϮϭΨ ϮLJĞĂƌůŝĐĞŶƐĞ ƉĞƌĚŽŐ ϯϭΨ ϯϮΨ ϯLJĞĂƌůŝĐĞŶƐĞ ƉĞƌĚŽŐ ϰϭΨ ϰϮΨ ϱ >ŝĐĞŶƐĞ&ĞĞƐĨŽƌhŶĂůƚĞƌĞĚŽŐƐ
ϭLJĞĂƌůŝĐĞŶƐĞ ƉĞƌĚŽŐ ϰϵΨ ϱϬΨ sŽƵĐŚĞƌƐĨŽƌƐƚĞƌŝůŝƚLJ ƉĞƌĂŶŝŵĂů ϭϬϯΨ ϭϬϲΨ ϲ EĞǁ>ŝĐĞŶƐĞƐĨŽƌhŶĂůƚĞƌĞĚŶŝŵĂůƐ ϳϬΨ ϳϮΨ sŽƵĐŚĞƌƐĨŽƌƐƚĞƌŝůŝƚLJ ƉĞƌĂŶŝŵĂů ϭϬϯΨ ϭϬϲΨ ϳ >ŝĐĞŶƐĞ&ĞĞƐĨŽƌ^ĞŶŝŽƌŝƚŝnjĞŶƐǁŝƚŚůƚĞƌĞĚŽŐƐ
ϭLJĞĂƌůŝĐĞŶƐĞ ƉĞƌĚŽŐ ϭϱΨ ϭϲΨ ϮLJĞĂƌůŝĐĞŶƐĞ ƉĞƌĚŽŐ ϮϲΨ ϮϳΨ ϯLJĞĂƌůŝĐĞŶƐĞ ƉĞƌĚŽŐ ϯϲΨ ϯϳΨ ϴ /ŵƉŽƵŶĚͬYƵĂƌĂŶƚŝŶĞ ƉĞƌĚĂLJ ϮϮΨ ϮϯΨ
ϵ ZĂďŝĞƐsĂĐĐŝŶĂƚŝŽŶΛs ƉĞƌĚŽŐ
ŝƚLJƉƌŽĐĞƐƐŝŶŐ ϵϴΨ ϭϬϭΨ sĂĐĐŝŶĂƚŝŽŶ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ŶŝŵĂůŽŶƚƌŽů͕WĂŐĞϰϬŽĨϲϮ ŶŝŵĂůŽŶƚƌŽů
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϭϬ WĞƌŵŝƚ&ĞĞƐ
ŶŝŵĂůĞĂůĞƌ ϮϰϱΨ ϮϱϮΨ ŶŝŵĂů
džŚŝďŝƚŝŽŶ ϮϰϱΨ ϮϱϮΨ ŶŝŵĂů
džŚŝďŝƚŝŽŶ ϮϰϱΨ ϮϱϮΨ tŝůĚŶŝŵĂů ƉĞƌĂŶŝŵĂů ϮϰϱΨ ϮϱϮΨ tŝůĚŶŝŵĂůDĞŶĂŐĞƌŝĞ ϮϰϱΨ ϮϱϮΨ ZŽĚĞŽ ϮϰϱΨ ϮϱϮΨ
ZŽĚĞŽĂŝůLJ&ĞĞ ϮϰϱΨ ϮϱϮΨ ^ƚĂďůĞƐ ϮϰϱΨ ϮϱϮΨ ZĞƉƚŝůĞƐ ϮϰϱΨ ϮϱϮΨ WĞƚƚŝŶŐŽŽ ϮϰϱΨ ϮϱϮΨ ŽŐ<ĞŶŶĞů ϮϰϱΨ ϮϱϮΨ Ăƚ<ĞŶŶĞů ϮϰϱΨ ϮϱϮΨ WĞƚ^ŚŽƉ ϮϰϱΨ ϮϱϮΨ 'ƌŽŽŵŝŶŐWĂƌůŽƌ ϮϰϱΨ ϮϱϮΨ ŽŵĞƐƚŝĐŽŐƌĞĞĚĞƌ ϮϰϱΨ ϮϱϮΨ ϭϭ ĨƚĞƌ,ŽƵƌƐĂůůKƵƚ ŚŽƵƌůLJͲϮŚŽƵƌƐ
ŵŝŶŝŵƵŵ ϮϭϯΨ ϮϭϵΨ ϭϮ ŶŝŵĂůŽŵƉůŝĂŶĐĞ/ŶƐƉĞĐƚŝŽŶ ƉĞƌŝŶƐƉĞĐƚŝŽŶ ϭϵϲΨ ϮϬϮΨ ϭϯ WŽƚĞŶƚŝĂůůLJĂŶŐĞƌŽƵƐŽƌsŝĐŝŽƵƐŽŐĚŵŝŶŝƐƚƌĂƚŝǀĞ,ĞĂƌŝŶŐ ƉĞƌ ŚĞĂƌŝŶŐ E t ϱϴϴΨ
ϭϰ >ĂƚĞ>ŝĐĞŶƐĞZĞŶĞǁĂů Ϯ
>ĞƐƐƚŚĂŶϭLJĞĂƌůĂƚĞ ĨůĂƚ E
t ϱΨ
KǀĞƌϭLJĞĂƌ ƉĞƌLJĞĂƌ E
t ŽƐƚŽĨĂŶŶƵĂů
ůŝĐĞŶƐĞ
ϭϱ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ Ψϭϵϲ ϮϬϮΨ EŽƚĞƐ
ϭ KƚŚĞƌĨĞĞƐŵĂLJĂƉƉůLJ͘
Ϯ >ĂƚĞ>ŝĐĞŶƐĞZĞŶĞǁĂůĨĞĞŵĂLJďĞǁĂŝǀĞĚĂƐĚĞƚĞƌŵŝŶĞĚďLJƚŚĞĚĞƉĂƌƚŵĞŶƚ͘ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ŶŝŵĂůŽŶƚƌŽů͕WĂŐĞϰϭŽĨϲϮ ŶŝŵĂů^ŚĞůƚĞƌ
ϭ ^ƉĂLJĂŶĚEĞƵƚĞƌĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞ
ůůŽŐƐ ĞĂĐŚ E
t Ψϭϰϭ
ĚĚŝƚŝŽŶĂů;ŝŶŚĞĂƚŽƌƉƌĞŐŶĂŶƚͿ ĂĐƚƵĂůǀĞƚĐŽƐƚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
ůůĂƚƐ ĞĂĐŚ E
t Ψϭϰϭ
ĚĚŝƚŝŽŶĂů;ŝŶŚĞĂƚŽƌƉƌĞŐŶĂŶƚͿ ĂĐƚƵĂůǀĞƚĐŽƐƚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
KƚŚĞƌŶŝŵĂůƐ;ƌĂďďŝƚƐ͕ĞƚĐ͘Ϳ ĞĂĐŚ E
t Ψϭϰϭ
dƌƵƐƚĞƉŽƐŝƚͲ^ƉĂLJͬEĞƵƚĞƌ^ƵƌŐĞƌLJ ϭ
ŽŐƐ ĞĂĐŚ E
t ^ĞƚďLJŝƚLJ
WŽůŝĐLJ
ĂƚƐ ĞĂĐŚ E
t ^ĞƚďLJŝƚLJ
WŽůŝĐLJ
Ϯ sĞƚĞƌŝŶĂƌLJ^ĞƌǀŝĐĞƐ
ZĂďŝĞƐ ĞĂĐŚ E
t ƚŽƐƚ
,>WW;ϲŝŶϭͿ ĞĂĐŚ E
t Ψϭϴ
,>WWн;ϳŝŶϭͿ;ǁͬŽƌŽŶĂͿ ĞĂĐŚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
,>WWн;ǁͬŽƌŽŶĂнŽƌĚĞƚĞůůĂͿ ĞĂĐŚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
ŽƌĚĞƚĞůůĂ;ŝŶƚƌĂŶĂƐĂůͿ ĞĂĐŚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
ŽƌĚĞƚĞůůĂ;ŝŶũĞĐƚŝŽŶͿ ĞĂĐŚ E
t Ψϭϴ
&sZWн;ǁͬŚůĂŵLJĚŝĂͿ ĞĂĐŚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
>ĞƵŬĞŵŝĂ ĞĂĐŚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
&sZWн>;ǁͬŚůĂŵLJĚŝĂн>ĞƵŬĞŵŝĂͿ ĞĂĐŚ E
t Ψϭϴ
sĞƚĞƌŝŶĂƌŝĂŶ^ĞƌǀŝĐĞƐ ƉĞƌŚŽƵƌΛǀĞƚ
ĐŽƐƚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
Zsd^ĞƌǀŝĐĞƐ ƉĞƌŚŽƵƌΛǀĞƚ
ĐŽƐƚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
ůĞĐƚŝǀĞ^ƵƌŐĞƌŝĞƐ ĂĐƚƵĂůǀĞƚĐŽƐƚ E
t ĐƚƵĂůĐŽƐƚŽĨ
ǀĞƚƐĞƌǀŝĐĞƐ
ϯ /ŵƉŽƵŶĚĂŶĚŽĂƌĚŝŶŐ
/ŵƉŽƵŶĚ
^ŵĂůůŶŝŵĂůƐ;ŽƚŚĞƌƚŚĂŶĚŽŐƐͬĐĂƚƐͿ ĞĂĐŚ E
t Ψϱϯ
ĂƌĞĂŶĚ&ĞĞĚŝŶŐ;ŽĂƌĚŝŶŐͿ
ŽŐƐĂŶĚĂƚƐ ƉĞƌĚĂLJ E
t Ψϯϱ
^ŵĂůůŶŝŵĂůƐ;ŽƚŚĞƌƚŚĂŶĚŽŐƐͬĐĂƚƐͿ ƉĞƌĚĂLJ E
t Ψϭϴ
>ĂƌŐĞŶŝŵĂůƐ ƉĞƌĚĂLJ E
t Ψϯϱ
ϰ ĞĂĚŶŝŵĂůŝƐƉŽƐĂů;ƉŝĐŬĞĚƵƉďLJƐŚĞůƚĞƌͿ
^ŵĂůů ĞĂĐŚ E
t Ψϭϴ
>ĂƌŐĞ ĞĂĐŚ E
t Ψϭϴ
ϱ ŶŝŵĂůZĞůŝŶƋƵŝƐŚŵĞŶƚ;ƉŝĐŬĞĚƵƉďLJƐŚĞůƚĞƌͿ
^ŵĂůů ĞĂĐŚ E
t Ψϭϴ
>ŝƚƚĞƌ ƉĞƌĂŶŝŵĂů E
t Ψϭϴ
^ŵĂůů>ŝǀĞƐƚŽĐŬ ĞĂĐŚ E
t Ψϭϴ
^ŝŶŐůĞ>ĂƌŐĞŶŝŵĂů ĞĂĐŚ E
t ΨϳϬ
ϮϬϮϰWƌŽƉŽƐĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ŶŝŵĂů^ŚĞůƚĞƌ͕WĂŐĞϰϮŽĨϲϮ ŶŝŵĂů^ŚĞůƚĞƌ
ϮϬϮϰWƌŽƉŽƐĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϲ ŶŝŵĂůĚŽƉƚŝŽŶƐ ϰ
ŽŐƐ ĞĂĐŚ E
t Ψϱϯ
ĂƚƐ ĞĂĐŚ E
t Ψϯϱ
^ŵĂůůŶŝŵĂůƐ;ŽƚŚĞƌƚŚĂŶĚŽŐƐͬĐĂƚƐͿ ĞĂĐŚ Ϯ E
t Ψϭϴ
^ĞŶŝŽƌĂĚŽƉƚĞƌƐ;ĂĚŽƉƚĞƌϲϬLJĞĂƌƐŽƌŽůĚĞƌͿ ĞĂĐŚ E
t Ψϭϴ
>ĂƌŐĞŶŝŵĂůƐ ĞĂĐŚ ϯ E
t Ψϭϰϭ
ZĞƉƚŝůĞƐͬ
džŽƚŝĐŝƌĚƐͬKƚŚĞƌ ĞĂĐŚ DĂƌŬĞƚZĂƚĞ DĂƌŬĞƚZĂƚĞ
ZĞƐĐƵĞ'ƌŽƵƉƐ
ŽŐƐ ĞĂĐŚ E
t Ψϱϯ
ĂƚƐ ĞĂĐŚ E
t Ψϯϱ
dƌƵƐƚĞƉŽƐŝƚͲ^ƉĂLJͬEĞƵƚĞƌ^ƵƌŐĞƌLJ ϭ
ŽŐƐ ĞĂĐŚ E
t ^ĞƚďLJŝƚLJ
WŽůŝĐLJ
ĂƚƐ ĞĂĐŚ E
t ^ĞƚďLJŝƚLJ
WŽůŝĐLJ
ϳ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐ ĨƵůůLJďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚ ƚŽƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ E
t ΨϳϬ
EŽƚĞƐ
ϭ ĚĞƉŽƐŝƚƚŽĞŶƐƵƌĞƵŶĂůƚĞƌĞĚĂĚŽƉƚĞĚƉĞƚƐĂƌĞĞǀĞŶƚƵĂůůLJƐƉĂLJĞĚͬŶĞƵƚĞƌĞĚ Ϯ ^ŵĂůůŶŝŵĂůƐͲŶŝŵĂůƐƵŶĚĞƌϮϬůďƐ͘
ϯ >ĂƌŐĞŶŝŵĂůƐͲŶŝŵĂůƐϮϬůďƐŽƌŵŽƌĞ͘
ϰ tŝƚŚƚŚĞĂƉƉƌŽǀĂůŽĨƚŚĞŝƚLJDĂŶĂŐĞƌ͕ƚŚĞĚĞƉĂƌƚŵĞŶƚŵĂLJƌĞĚƵĐĞŽƌǁĂŝǀĞĂĚŽƉƚŝŽŶ ĨĞĞƐďĂƐĞĚŽŶĂŶŝŵĂůƐŚĞůƚĞƌĐĂƉĂĐŝƚLJĐŽŶƐƚƌĂŝŶƚƐ͕ƐƉĞĐŝĂůĞǀĞŶƚƐŽƌŽǀĞƌͲĐŽŶĐĞŶƚƌĂƚŝŽŶŽĨ ƉĂƌƚŝĐƵůĂƌĂŶŝŵĂůďƌĞĞĚƐŽƌƚLJƉĞƐ͘
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ŶŝŵĂů^ŚĞůƚĞƌ͕WĂŐĞϰϯŽĨϲϮ
ĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚ
ϭ d
&Z ƉĞƌĂƉƉůŝĐĂƚŝŽŶ Ϯ͕ϯϰϭΨ Ϯ͕ϰϬϱΨ Ϯ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϭϴϮ ϭϴϳΨ ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ
ĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚ͕WĂŐĞϰϰŽĨϲϮ
ZŝƐŬDĂŶĂŐĞŵĞŶƚ
ϭ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ZŝƐŬDĂŶĂŐĞŵĞŶƚ͕WĂŐĞϰϱŽĨϲϮ WƵďůŝĐtŽƌŬƐ
ϭ ŽƐƚZĞĐŽǀĞƌLJͲ
ƋƵŝƉŵĞŶƚ
ƉĞƌĂůƚƌĂŶƐ
>ĂďŽƌ^ƵƌĐŚĂƌŐĞ
ĂŶĚ
ƋƵŝƉŵĞŶƚ
ZĞŶƚĂůZĂƚĞƐ
E
t ^ĞĞ
džŚŝďŝƚ
Ϯ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ WƵďůŝĐtŽƌŬƐ͕WĂŐĞϰϲŽĨϲϮ sDh^
ůĞĐƚƌŝĐ^ĞƌǀŝĐĞZƵůĞƐ
ZƵůĞϯ
ϭ dƵƌŶŽŶ^ĞƌǀŝĐĞŚĂƌŐĞ
^ĞƌǀŝĐĞdƵƌŶKŶ ĨůĂƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƌǀŝĐĞdƵƌŶKŶͲ
ĂĐŚĚĚŝƚŝŽŶĂů ĨůĂƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ZƵůĞϳ
Ϯ DŝŶŝŵƵŵĞƉŽƐŝƚ ĚĞƉŽƐŝƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
DŝŶŝŵƵŵŝǀĞƌƐŝŽŶĞƉŽƐŝƚ ĚĞƉŽƐŝƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ZƵůĞϵ
ϯ ZĞƚƵƌŶĞĚŚĞĐŬŚĂƌŐĞ
ZĞƚƵƌŶĞĚ/ƚĞŵ;ŚĞĐŬŽƌƌĞĚŝƚĂƌĚͿ ĞĂĐŚ ϭ ϮϱΨ ϮϱΨ ZĞƚƵƌŶĞĚ/ƚĞŵͲĞĂĐŚĂĚĚΖů ĞĂĐŚ ϭ ϯϱΨ ϯϱΨ ϰ DĂŶƵĂůDĞƚĞƌZĞĂĚŚĂƌŐĞ ĨůĂƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ϱ >ĂƚĞWĂLJŵĞŶƚŚĂƌŐĞŽĨhŶƉĂŝĚĂůĂŶĐĞ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ZƵůĞϭϭ
ϲ ŽůůĞĐƚŝŽŶ&ĞĞ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ϳ ^ƉĞĐŝĂůϰϴͲ,ŽƵƌ&ŝĞůĚEŽƚŝĨŝĐĂƚŝŽŶ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;
ůĞĐƚƌŝĐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ϴ /ŶǀĞƐƚŝŐĂƚŝŽŶŚĂƌŐĞƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϵ DĞƚĞƌZĞƉĂŝƌƐŽƌZĞƉůĂĐĞŵĞŶƚƐƵĞƚŽĂŵĂŐĞͬdĂŵƉĞƌŝŶŐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ sDh^͕WĂŐĞϰϳŽĨϲϮ
sDh^
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
͘^ƵďĚŝǀŝƐŝŽŶƐ
ϭϬ
ůĞĐƚƌŝĐĂůhŶĚĞƌŐƌŽƵŶĚhƚŝůŝƚŝĞƐ;/ŵƉƌŽǀĞŵĞŶƚŽŶĚƐͿ
ĚĚΖůĞǀĞůŽƉĞƌ&ĞĞƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ĞůĂLJŽĨǁŽƌŬůŽŶŐĞƌƚŚĂŶϭϮŵŽŶƚŚƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϭϭ &͘WůĂŶŚĞĐŬ&ĞĞƐ
ĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϭϮ /ŶƐƉĞĐƚŝŽŶ&ĞĞƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϭϯ DĞƚĞƌdĞƐƚ&ĞĞ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
EĂƚƵƌĂů'ĂƐ^ĞƌǀŝĐĞZƵůĞƐ
ZƵůĞϯ
ϭϰ dƵƌŶŽŶ^ĞƌǀŝĐĞŚĂƌŐĞ
^ĞƌǀŝĐĞdƵƌŶKŶ ĨůĂƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƌǀŝĐĞdƵƌŶKŶͲ
ĂĐŚĚĚŝƚŝŽŶĂů ĨůĂƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ZƵůĞϳ
ϭϱ DŝŶŝŵƵŵĞƉŽƐŝƚ
ĚĞƉŽƐŝƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
DŝŶŝŵƵŵŝǀĞƌƐŝŽŶĞƉŽƐŝƚ
ĚĞƉŽƐŝƚ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ZƵůĞϵ
ϭϲ ZĞƚƵƌŶĞĚŚĞĐŬŚĂƌŐĞ
ZĞƚƵƌŶĞĚ/ƚĞŵ;ŚĞĐŬŽƌƌĞĚŝƚĂƌĚͿ ĞĂĐŚ ϭ ϮϱΨ ϮϱΨ ZĞƚƵƌŶĞĚ/ƚĞŵͲĞĂĐŚĂĚĚΖů ĞĂĐŚ ϭ ϯϱΨ ϯϱΨ ϭϳ DĂŶƵĂůDĞƚĞƌZĞĂĚŚĂƌŐĞ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ
;
ůĞĐƚƌŝĐͬ'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ϭϴ >ĂƚĞWĂLJŵĞŶƚŚĂƌŐĞŽĨhŶƉĂŝĚĂůĂŶĐĞ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ sDh^͕WĂŐĞϰϴŽĨϲϮ
sDh^
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ZƵůĞϭϭ
ϭϵ ŽůůĞĐƚŝŽŶ&ĞĞ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
ϮϬ ^ƉĞĐŝĂůϰϴͲ,ŽƵƌ&ŝĞůĚEŽƚŝĨŝĐĂƚŝŽŶ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
^ĞƚďLJŝƚLJ
WŽůŝĐLJ;'ĂƐ
ZƵůĞƐĂŶĚ
ZĞŐƵůĂƚŝŽŶƐͿ
Ϯϭ /ŶǀĞƐƚŝŐĂƚŝŽŶŚĂƌŐĞƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϮϮ DĞƚĞƌZĞƉĂŝƌƐŽƌZĞƉůĂĐĞŵĞŶƚƐƵĞƚŽĂŵĂŐĞͬdĂŵƉĞƌŝŶŐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ^ƵďĚŝǀŝƐŝŽŶƐ
Ϯϯ 'ĂƐhŶĚĞƌŐƌŽƵŶĚhƚŝůŝƚŝĞƐ;/ŵƉƌŽǀĞŵĞŶƚŽŶĚƐͿ
ĚĚΖůĞǀĞůŽƉĞƌ&ĞĞƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ĞůĂLJŽĨǁŽƌŬůŽŶŐĞƌƚŚĂŶϭϮŵŽŶƚŚƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ Ϯϰ &͘WůĂŶŚĞĐŬ&ĞĞƐ
ĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
Ϯϱ /ŶƐƉĞĐƚŝŽŶ&ĞĞƐ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
Ϯϲ DĞƚĞƌdĞƐƚ&ĞĞ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
Ϯϳ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϭϰϬ ϭϰϰΨ EŽƚĞƐ
ϭ ^ĞƚďLJŝǀŝůŽĚĞ^ĞĐƚŝŽŶϭϳϭϵ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ sDh^͕WĂŐĞϰϵŽĨϲϮ
tĂƚĞƌͲƵƐƚŽŵĞƌ^ĞƌǀŝĐĞ
/ hƚŝůŝƚLJ^ĞƌǀŝĐĞĐĐŽƵŶƚ&ĞĞƐ
ϭ ƵƐƚŽŵĞƌĐĐŽƵŶƚ^ĞƚͲƵƉ&ĞĞ ĞĂĐŚ ϱϲΨ ϱϳΨ Ϯ ^ĞĐƵƌŝƚLJĞƉŽƐŝƚ ĚĞƉŽƐŝƚ ϭ ϭϮϰΨ ϭϮϳΨ ϯ ^ĞĐƵƌŝƚLJĞƉŽƐŝƚĨŽƌdĞŵƉŽƌĂƌLJtĂƚĞƌhƐĞ ĚĞƉŽƐŝƚ ϭ ϭϵΨ ϭϵΨ ϰ ĞůŝŶƋƵĞŶĐLJŚĂƌŐĞ ϭ
ϱйŽĨƵŶƉĂŝĚ
ĐƵƐƚŽŵĞƌ
ďĂůĂŶĐĞ
ϱйŽĨƵŶƉĂŝĚ
ĐƵƐƚŽŵĞƌ
ďĂůĂŶĐĞ
ϱ ĚŵŝŶŝƐƚƌĂƚŝǀĞ>ŝĞŶWƌŽĐĞƐƐŝŶŐ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϭϬϮΨ ϭϬϱΨ ϲ ŽĐƵŵĞŶƚĂƚŝŽŶ ϯ ΨϬ͘ϭϬͬƉĂŐĞ ΨϬ͘ϭϬͬƉĂŐĞ
ϳ sĞŚŝĐůĞͬ
ƋƵŝƉŵĞŶƚZĂƚĞ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϴ ĂŵĂŐĞŽƌ>ŽƐƐͬsĂŶĚĂůŝƐŵ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϵ ZĞƚƵƌŶĞĚŚĞĐŬƐ
ĂŶŬ&ĞĞ ĞĂĐŚ ϱ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ZĞƚƵƌŶĞĚ/ƚĞŵ;ŚĞĐŬŽƌƌĞĚŝƚĂƌĚͿ ĞĂĐŚ Ϯ ϮϱΨ ΨϮϱ ZĞƚƵƌŶĞĚ/ƚĞŵͲĞĂĐŚĂĚĚΖů ĞĂĐŚ Ϯ ϯϱΨ Ψϯϱ ϭϬ WĂLJŵĞŶƚWůĂŶ^ĞƚƵƉ&ĞĞ ĞĂĐŚ ϯϳΨ ϯϴΨ ϭϭ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ϰ ΨϭϰϬ ϭϰϰΨ EŽƚĞƐ
ϭ &ĞĞƐĞƚďLJƉŽůŝĐLJ
Ϯ ^ĞƚďLJŝǀŝůŽĚĞ^ĞĐƚŝŽŶϭϳϭϵ
ϯ ZĞĨĞƌƚŽƚŚĞŝƚLJůĞƌŬ^ĐŚĞĚƵůĞ
ϰ KƚŚĞƌĨĞĞƐŵĂLJĂƉƉůLJ͘
ϱ ZĞŐƵůĂƚĞĚďLJĂůŝĨŽƌŶŝĂ'ŽǀĞƌŶŵĞŶƚŽĚĞ^ĞĐƚŝŽŶϲϭϱϳ͘ ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ tĂƚĞƌͲƵƐƚ^ǀĐ͕WĂŐĞϱϬŽĨϲϮ tĂƚĞƌͲhƚŝůŝƚLJWĞƌŵŝƚƐ
/ tĂƚĞƌ&ĞĞƐ
ϭ ŽŶŶĞĐƚŝŽŶĂŶĚůƚĞƌŶĂƚĞtĂƚĞƌ^ŽƵƌĐĞ&ĞĞƐ ϭ
DĞƚĞƌ/ŶƐƚĂůůĂƚŝŽŶ
Ϯ ϯͬϰͲŝŶĐŚDĞƚĞƌ
DĞƚĞƌ/ŶƐƚĂůů^ĞƌǀŝĐĞ ĞĂĐŚ ϭϰϰΨ ϭϰϴΨ DĞƚĞƌŽƐƚ ĞĂĐŚ ϭ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
^ĞƌǀŝĐĞ>ŝŶĞ;/ŶƐƚĂůůĂƚŝŽŶ&ĞĞͿ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϯ ϭͲŝŶĐŚDĞƚĞƌ
DĞƚĞƌ/ŶƐƚĂůů^ĞƌǀŝĐĞ ĞĂĐŚ ϭϰϰΨ ϭϰϴΨ DĞƚĞƌŽƐƚ ĞĂĐŚ ϭ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
^ĞƌǀŝĐĞ>ŝŶĞ;/ŶƐƚĂůůĂƚŝŽŶ&ĞĞͿ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϰ ϭ͘ϱͲŝŶĐŚDĞƚĞƌ
DĞƚĞƌ/ŶƐƚĂůů^ĞƌǀŝĐĞ ĞĂĐŚ ϭϲϵΨ ϭϳϰΨ DĞƚĞƌŽƐƚ ĞĂĐŚ ϭ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
^ĞƌǀŝĐĞ>ŝŶĞ;/ŶƐƚĂůůĂƚŝŽŶ&ĞĞͿ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϱ ϮͲŝŶĐŚDĞƚĞƌ
DĞƚĞƌ/ŶƐƚĂůů^ĞƌǀŝĐĞ ĞĂĐŚ ϭϲϵΨ ϭϳϰΨ DĞƚĞƌŽƐƚ ĞĂĐŚ ϭ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
^ĞƌǀŝĐĞ>ŝŶĞ;/ŶƐƚĂůůĂƚŝŽŶ&ĞĞͿ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϲ ďŽǀĞϮͲŝŶĐŚDĞƚĞƌ ϭ
DĞƚĞƌ/ŶƐƚĂůů^ĞƌǀŝĐĞ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
DĞƚĞƌŽƐƚ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
^ĞƌǀŝĐĞ>ŝŶĞ;/ŶƐƚĂůůĂƚŝŽŶ&ĞĞͿ ĞĂĐŚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϳ DĞƚĞƌ^ŝnjĞŽƌ>ŽĐĂƚŝŽŶŚĂŶŐĞ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϴ ^ĞƌǀŝĐĞĂůů&ĞĞƐ
ƵƌŝŶŐďƵƐŝŶĞƐƐŚŽƵƌƐ ŚŽƵƌůLJ ϭϱϮΨ ϭϱϲΨ ^ĂŵĞͲĚĂLJƐĞƌǀŝĐĞͲďƵƐŝŶĞƐƐŚŽƵƌƐ ŚŽƵƌůLJ ϭϱϮΨ ϭϱϲΨ ĨƚĞƌŚŽƵƌƐƐĞƌǀŝĐĞ ŚŽƵƌůLJ ϭϳϬΨ ϭϳϱΨ ϵ >ĂďŽƌZĂƚĞƐ
ƵƌŝŶŐďƵƐŝŶĞƐƐŚŽƵƌƐ ŚŽƵƌůLJ ϭϱϮΨ ϭϱϲΨ ĨƚĞƌŚŽƵƌƐƐĞƌǀŝĐĞ ŚŽƵƌůLJ ϭϳϬΨ ϭϳϱΨ ϭϬ sĞŚŝĐůĞͬ
ƋƵŝƉŵĞŶƚZĂƚĞ ϭ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϭϭ ^ĞƌǀŝĐĞĞĂĐƚŝǀĂƚŝŽŶĨŽƌEŽŶͲWĂLJŵĞŶƚ ϯ
^ŚƵƚͲKĨĨ;ZĞŐƵůĂƌ,ŽƵƌƐͿ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϰϯΨ ϰϰΨ dƵƌŶͲKŶ;ZĞŐƵůĂƌ,ŽƵƌƐͿ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϱϮΨ ϱϯΨ ^ŚƵƚͲKĨĨ;ĨƚĞƌ,ŽƵƌƐͿͲƚǁŽŚŽƵƌƐŵŝŶŝŵƵŵ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϭϱϱΨ ϭϱϵΨ dƵƌŶͲKŶ;ĨƚĞƌ,ŽƵƌƐͿͲƚǁŽŚŽƵƌƐŵŝŶŝŵƵŵ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϭϱϱΨ ϭϱϵΨ ϭϮ DĞƚĞƌdĞƐƚŚĂƌŐĞ ĚĞƉŽƐŝƚ ϭ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ tĂƚĞƌͲhƚŝůŝƚLJWĞƌŵŝƚƐ͕WĂŐĞϱϭŽĨϲϮ tĂƚĞƌͲhƚŝůŝƚLJWĞƌŵŝƚƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ϭϯ ĂĐŬĨůŽǁ;ZWͿĞǀŝĐĞdĞƐƚ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϭϴϵΨ ϭϵϱΨ ϭϰ ƌŽƐƐŽŶŶĞĐƚŝŽŶ/ŶŝƚŝĂů/ŶƐƉĞĐƚŝŽŶ ƉĞƌŽĐĐƵƌƌĞŶĐĞ ϮϮϳΨ ϮϯϰΨ ϭϱ ŶŶƵĂůĂĐŬĨůŽǁĞƌƚŝĨŝĐĂƚŝŽŶ&ĞĞ ƉĞƌĚĞǀŝĐĞ Ϯ ϱϭΨ ϱϮΨ ϭϲ &ĂŝůĞĚĞǀŝĐĞZĞͲdĞƐƚ ƉĞƌĚĞǀŝĐĞ ϮϱΨ ϮϲΨ ϭϳ ŽŶƐƚƌƵĐƚŝŽŶDĞƚĞƌ/ŶƐƚĂůůĂƚŝŽŶ&ĞĞ
ƵƐƚŽŵĞƌ^ĞƚͲhƉ&ĞĞ ƉĞƌĚĞǀŝĐĞ
ŚĂƌŐĞĚďLJ
ƵƐƚŽŵĞƌ
^ĞƌǀŝĐĞ
ŚĂƌŐĞĚďLJ
ƵƐƚŽŵĞƌ
^ĞƌǀŝĐĞ
tĂƚĞƌŚĂƌŐĞƐ/ŶƐƚĂůůĂƚŝŽŶ&ĞĞ ƉĞƌĚĞǀŝĐĞ ϭϵϳΨ ϮϬϮΨ ϭϴ ƌŽƐƐŽŶŶĞĐƚŝŽŶWůĂŶŚĞĐŬ ƉĞƌĚĞǀŝĐĞ ϳϲΨ ϳϴΨ ϭϵ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϭϰϬ ϭϰϰΨ EŽƚĞƐ
ϭ WůĞĂƐĞƐĞĞĞǀĞůŽƉŵĞŶƚ/ŵƉĂĐƚ&ĞĞ^ĐŚĞĚƵůĞ͘
Ϯ ŝƚLJƉƌŽĐĞƐƐŝŶŐĨĞĞŽŶůLJ͖ĂƉƉůŝĐĂŶƚƉĂLJƐĨŽƌĐŽŶƚƌĂĐƚŽƌĞdžƉĞŶƐĞƐĞƉĂƌĂƚĞůLJ ϯ ^ƵďũĞĐƚƚŽ^ϵϵϴ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ tĂƚĞƌͲhƚŝůŝƚLJWĞƌŵŝƚƐ͕WĂŐĞϱϮŽĨϲϮ ŝƚLJůĞƌŬĂŶĚDŝƐĐĞůůĂŶĞŽƵƐĚŵŝŶŝƐƚƌĂƚŝǀĞ&ĞĞƐ
ϭ DŝĐƌŽĨŝůŵWƌŽĐĞƐƐŝŶŐ ƉĞƌƌĞƋƵĞƐƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ Ϯ WƵďůŝĐZĞĐŽƌĚƐZĞƋƵĞƐƚƐ ƉĞƌƌĞƋƵĞƐƚ ΨϬ͘ϭϬƉĞƌƉĂŐĞ ΨϬ͘ϭϬƉĞƌƉĂŐĞ ϯ EŽƚĂƌLJ^ĞƌǀŝĐĞƐ ƉĞƌƐŝŐŶĂƚƵƌĞ
ŶŽƚĂƌŝnjĞĚ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ
ϰ ĞŵĂŶĚZĞƐĞĂƌĐŚ&ĞĞ ƉĞƌƌĞƋƵĞƐƚ ^ĞƚďLJ^ƚĂƚĞ ^ĞƚďLJ^ƚĂƚĞ ϱ dĞĐŚŶŽůŽŐLJ&ĞĞ ƉĞƌĂƉƉůŝĐĂƚŝŽŶ ϭ ϰ͘ϲй ϰ͘ϲй
ϲ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϭϰϬ ϭϰϰΨ EŽƚĞƐ
ϭ ƉƉůŝĞƐƚŽĐĞƌƚĂŝŶƉĞƌŵŝƚƚLJƉĞƐƉĞƌƚŚĞϮϬϮϮ&ĞĞ^ƚƵĚLJ&ŝŶĂůƌĞƉŽƌƚ ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ůĞƌŬΘDŝƐĐ͕͘WĂŐĞϱϯŽĨϲϮ ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲWĂƌŬƐ
ϭ :ŽƐŚƵĂdƌĞĞ/ŶƐƉĞĐƚŝŽŶƐ
ϭƐƚŚĂůĨĂĐƌĞ ƉĞƌƉƌŽũĞĐƚ ϭϰϬΨ ϭϰϰΨ
ĂĐŚĂĚĚΖůŚĂůĨĂĐƌĞ ƉĞƌŚĂůĨĂĐƌĞ ϯϱΨ ϯϲΨ Ϯ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ΨϭϰϬ ϭϰϰΨ ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ WĂƌŬƐ͕WĂŐĞϱϰŽĨϲϮ
ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲ>ŝďƌĂƌLJ
ϭ >ĂƚĞZĞƚƵƌŶƐ
:ƵǀĞŶŝůĞͬzͬŚŝůĚƌĞŶΖƐ ƉĞƌĚĂLJ͕ƉĞƌ
ŝƚĞŵ EŽ&ĞĞ EŽ&ĞĞ
ĚƵůƚ ƉĞƌĚĂLJ͕ƉĞƌ
ŝƚĞŵ EŽ&ĞĞ EŽ&ĞĞ
DĂŐĂnjŝŶĞƐ ƉĞƌĚĂLJ͕ƉĞƌ
ŝƚĞŵ EŽ&ĞĞ EŽ&ĞĞ
sƐ ƉĞƌĚĂLJ͕ƉĞƌ
ŝƚĞŵ EŽ&ĞĞ ϭ͘ϱϬΨ
&ƌĞĞZĞŶƚĂůƐ ƉĞƌĚĂLJ͕ƉĞƌ
ŝƚĞŵ EŽ&ĞĞ EŽ&ĞĞ
EŽŶͲƌĞƚƵƌŶĞĚŝƚĞŵ;ŬƐŽƌŵĂƚĞƌŝĂůƐͿ ƉĞƌŝƚĞŵ ŽƐƚŽĨ/ƚĞŵ ŽƐƚŽĨ/ƚĞŵ EŽŶͲƌĞƚƵƌŶĞĚŝƚĞŵƉƌŽĐĞƐƐŝŶŐĨĞĞ ΨϭϬ ϭϭΨ
Ϯ ŚĞĐŬKƵƚ^ĞƌǀŝĐĞƐ
sΖƐ ƉĞƌŝƚĞŵƉĞƌϯ
ĚĂLJƐ Ψϭ͘ϱϱ ϭ͘ϱϵΨ
sŝĚĞŽ'ĂŵĞƐ ƉĞƌŝƚĞŵƉĞƌϯ
ĚĂLJƐ Ψϯ ϯΨ
ϯ ŽƉLJ^ĞƌǀŝĐĞƐ
ůĂĐŬͬtŚŝƚĞŽƉŝĞƐͲ^ŝŶŐůĞ^ŝĚĞĚ ƉĞƌƉĂŐĞ ΨϬ͘ϭϱ Ϭ͘ϭϱΨ ŽůŽƌŽƉŝĞƐͲ^ŝŶŐůĞ^ŝĚĞĚ ƉĞƌƉĂŐĞ ΨϬ͘ϱϬ Ϭ͘ϱϬΨ
ϰ WĂƐƐƉŽƌƚ^ĞƌǀŝĐĞƐ
WĂƐƐƉŽƌƚWŚŽƚŽ ƉĞƌƉŚŽƚŽ ΨϭϬ ϮϬΨ WĂƐƐƉŽƌƚWƌŽĐĞƐƐŝŶŐ&ĞĞ ƉĞƌĂƉƉůŝĐĂƚŝŽŶ ϭ Ψϯϱ ϯϱΨ
ϱ DŝƐĐĞůůĂŶĞŽƵƐ^ĞƌǀŝĐĞƐ
<ŝŽƐŬƌĞĚŝƚĂƌĚWƌŽĐĞƐƐŝŶŐ&ĞĞ ƉĞƌƚƌĂŶƐĂĐƚŝŽŶ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ZĞƉůĂĐĞŵĞŶƚ>ŝďƌĂƌLJĂƌĚ ƉĞƌĐĂƌĚ E
t ϮΨ
ϲ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
EŽƚĞƐ
ϭ ^ĞƚƉĞƌ^ƚĂƚĞƉŽůŝĐLJ͘
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
W/Ϯ͘ϳϬй
&ĞĞEŽ͘ &ĞĞEĂŵĞ
&ĞĞdLJƉĞ;&ůĂƚͬ
ĞƉŽƐŝƚͬ
,ŽƵƌůLJͿ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ >ŝďƌĂƌLJ͕WĂŐĞϱϱŽĨϲϮ
ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲZĞĐƌĞĂƚŝŽŶ
ϭz Ž Ƶ ƚ Ś W ƌ Ž Ő ƌ Ă ŵ Ɛ
ŚŝůĚ>ĂƚĞWŝĐŬƵƉ ϭ ΨϭϬͬΨϮϬ ΨϭϬͬϮϭ
WĂƌĞŶƚΘdŽƚ ZĞƐŝĚĞŶƚ͗ΨϰϱͬŵŽŶƚŚ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϱϬͬŵŽŶƚŚ
ZĞƐŝĚĞŶƚ͗ΨϰϲͬŵŽŶƚŚ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϱϭͬŵŽŶƚŚ
/ƚƚLJŝƚƚLJdŚƌĞĞƐͬ&ŽƵƌƐͬĂŵƉ ZĞƐŝĚĞŶƚ͗DΨϰͬŚƌWD͗Ψϯ͘ϱϬͬŚƌ EŽŶͲƌĞƐŝĚĞŶƚ͗D͗Ψϰ͘ϱϬͬŚƌWD͗ΨϰͬŚƌ
ZĞƐŝĚĞŶƚ͗DΨϰͬŚƌWD͗Ψϯ͘ϲϬͬŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗D͗Ψϰ͘ϲϬͬŚƌWD͗ΨϰͬŚƌ
<ŝĚƐ<ͲϭϮĂŵƉ ZĞƐŝĚĞŶƚ͗ΨϮ͘ϳϱͬŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϯͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϮ͘ϴϬͬŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϯ͘ϭϬͬŚƌ
Ϯz Ž Ƶ ƚ Ś ^ Ɖ Ž ƌ ƚ Ɛ
ĂƐŬĞƚďĂůů ZĞƐŝĚĞŶƚ͗Ψϲϳ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϰ
ZĞƐŝĚĞŶƚ͗Ψϲϵ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϲ
dͲĂůů ZĞƐŝĚĞŶƚ͗Ψϲϳ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϰ
ZĞƐŝĚĞŶƚ͗Ψϲϵ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϲ
sŽůůĞLJďĂůů ZĞƐŝĚĞŶƚ͗Ψϲϳ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϰ
ZĞƐŝĚĞŶƚ͗Ψϲϵ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϲ
&ůĂŐ&ŽŽƚďĂůů ZĞƐŝĚĞŶƚ͗Ψϲϳ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϰ
ZĞƐŝĚĞŶƚ͗Ψϲϵ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϲ
s/WĂƐŬĞƚďĂůů ZĞƐŝĚĞŶƚ͗ΨϱϬ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϱϱ
ZĞƐŝĚĞŶƚ͗Ψϱϭ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϱϲ
ϯ WĞĞtĞĞ^ƉŽƌƚƐ
^ƉŽƌƚƐ^ĂŵƉůĞƌ ZĞƐŝĚĞŶƚ͗Ψϰϭ
EŽŶͲZĞƐŝĚĞŶƚ͗Ψϰϱ
ZĞƐŝĚĞŶƚ͗ΨϰϮ
EŽŶͲZĞƐŝĚĞŶƚ͗Ψϰϲ
ĂƐŬĞƚďĂůů ZĞƐŝĚĞŶƚ͗ΨϱϮ
EŽŶͲZĞƐŝĚĞŶƚ͗Ψϱϳ
ZĞƐŝĚĞŶƚ͗Ψϱϯ
EŽŶͲZĞƐŝĚĞŶƚ͗Ψϱϵ
dͲĂůů ZĞƐŝĚĞŶƚ͗ΨϱϮ
EŽŶͲZĞƐŝĚĞŶƚ͗Ψϱϳ
ZĞƐŝĚĞŶƚ͗Ψϱϯ
EŽŶͲZĞƐŝĚĞŶƚ͗Ψϱϵ
ϰ ĚƵůƚ^ƉŽƌƚƐ WĞƌdĞĂŵ
ĂƐŬĞƚďĂůů;ϭϴнͿ ΨϰϬϬ Ψϰϭϭ ĂƐŬĞƚďĂůů;ϯϱнͿ ΨϮϱϬ ΨϮϱϳ ^ŽĐĐĞƌ ΨϯϱϬ Ψϯϱϵ ^ŽĨƚďĂůů Ψϯϳϱ Ψϯϴϱ ^ŽĐĐĞƌdŽƵƌŶĂŵĞŶƚƐ ΨϮϬϬ ΨϮϬϱ ^ŽĨƚďĂůůdŽƵƌŶĂŵĞŶƚƐ ΨϮϬϬ ΨϮϬϱ
ϱ ƌŽƉͲ/Ŷ
KƉĞŶ'LJŵ ΨϱͬĚĂLJ ΨϱͬĚĂLJ
WŝĐŬůĞďĂůů ΨϰͬĚĂLJ ΨϰͬĚĂLJ
ƵƌƌĞŶƚ&ĞĞͬĞƉŽƐŝƚ ϮϬϮϰhƉĚĂƚĞĚ&ĞĞ>ĞǀĞůͬĞƉŽƐŝƚ W/Ϯ͘ϳϬй&ĞĞEŽ͘ &ĞĞEĂŵĞ
EŽƚĞƐ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ZĞĐƌĞĂƚŝŽŶ͕WĂŐĞϱϲŽĨϲϮ ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲZĞĐƌĞĂƚŝŽŶ
ƵƌƌĞŶƚ&ĞĞͬĞƉŽƐŝƚ ϮϬϮϰhƉĚĂƚĞĚ&ĞĞ>ĞǀĞůͬĞƉŽƐŝƚ W/Ϯ͘ϳϬй&ĞĞEŽ͘ &ĞĞEĂŵĞ
EŽƚĞƐ
ϲ ƋƵĂƚŝĐƐ
KƉĞŶZĞĐƌĞĂƚŝŽŶ^ǁŝŵ ΨϯͬĚĂLJ ΨϯͬĚĂLJ
WƵŶĐŚWĂƐƐ;ϭϱĂĚŵŝƐƐŝŽŶƐͿ ΨϯϬ Ψϯϭ /ŶĚŝǀŝĚƵĂů>ĞƐƐŽŶƐ ZĞƐŝĚĞŶƚ͗ΨϯϰͬŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϯϳͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϯϱͬŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϯϴͬŚƌ
'ƌŽƵƉ>ĞƐƐŽŶƐ ZĞƐŝĚĞŶƚ͗ΨϭϯͬŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϭϰͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϭϯͬŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϭϰͬŚƌ
:ƵŶŝŽƌ>ŝĨĞŐƵĂƌĚ ΨϱϬͬƐĞƐƐŝŽŶ ΨϱϭͬƐĞƐƐŝŽŶ
>ŝĨĞŐƵĂƌĚdƌĂŝŶŝŶŐ ΨϮϬϬͬƐĞƐƐŝŽŶ ΨϮϬϱͬƐĞƐƐŝŽŶ
ϳ ĂůůĨŝĞůĚƐ
ĂůůĨŝĞůĚǁŝƚŚŽƵƚ>ŝŐŚƚƐ;ϮͲŚŽƵƌŵŝŶͿ ,ŽƵƌůLJ
>ĞǀĞůϭ Ψϰ Ψϰ >ĞǀĞůϮ ΨϭϮ Ψϭϯ >ĞǀĞůϯ ΨϮϱ ΨϮϱ >ĞǀĞůϰ Ψϯϳ Ψϯϴ ĂůůĨŝĞůĚǁŝƚŚ>ŝŐŚƚƐ ,ŽƵƌůLJ
>ĞǀĞůϭ ΨϮϱ ΨϮϲ >ĞǀĞůϮ Ψϰϯ Ψϰϰ >ĞǀĞůϯ Ψϲϭ Ψϲϯ >ĞǀĞůϰ Ψϵϯ Ψϵϲ ƌĂŐ Ψϭϳ Ψϭϳ
ϴ &ĂĐŝůŝƚŝĞƐ
>ĂƌŐĞƵĚŝƚŽƌŝƵŵ;ϰŚƌ͘ŵŝŶͿ ZĞƐŝĚĞŶƚ͗ΨϰϱͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϱϬͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϰϲͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϱϭͬŚƌ
^ŵĂůůƵĚŝƚŽƌŝƵŵ;ϮŚƌ͘ŵŝŶͿ ZĞƐŝĚĞŶƚ͗ΨϯϵͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϰϯͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϰϬͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϰϰͬŚƌ
^ŵĂůůDĞĞƚŝŶŐZŽŽŵ;ϮŚƌ͘ŵŝŶͿ ZĞƐŝĚĞŶƚ͗ΨϯϱͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϯϵͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϯϲͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϰϬͬŚƌ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ZĞĐƌĞĂƚŝŽŶ͕WĂŐĞϱϳŽĨϲϮ ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲZĞĐƌĞĂƚŝŽŶ
ƵƌƌĞŶƚ&ĞĞͬĞƉŽƐŝƚ ϮϬϮϰhƉĚĂƚĞĚ&ĞĞ>ĞǀĞůͬĞƉŽƐŝƚ W/Ϯ͘ϳϬй&ĞĞEŽ͘ &ĞĞEĂŵĞ
EŽƚĞƐ
ϵ 'LJŵŶĂƐŝƵŵƐ
,ŽŽŬŽŵŵƵŶŝƚLJĞŶƚĞƌ;ϮŚƌ͘ŵŝŶͿ ZĞƐŝĚĞŶƚ͗ΨϭϬϬͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϭϭϬͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϭϬϯͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϭϭϯͬŚƌ
tĞƐƚǁŝŶĚƐ^ƉŽƌƚƐĞŶƚĞƌ;ϮŚƌ͘ŵŝŶͿ ZĞƐŝĚĞŶƚ͗ΨϵϬͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϵϵͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϵϮͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϭϬϮͬŚƌ
tĞƐƚǁŝŶĚƐĐƚŝǀŝƚLJĞŶƚĞƌ;ϮŚƌ͘ŵŝŶͿ ZĞƐŝĚĞŶƚ͗ΨϳϱͬŚƌ ^ƚĂŶĚĂƌĚ͗ΨϴϯͬŚƌ
ZĞƐŝĚĞŶƚ͗ΨϳϳͬŚƌ
^ƚĂŶĚĂƌĚ͗ΨϴϱͬŚƌ
ϭϬ ŽƌŝƐĂǀŝĞƐWŽŽů
ϭͲϲϬƉĞŽƉůĞ ZĞƐŝĚĞŶƚ͗ΨϮϱϬͬϯŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϮϳϱͬϯŚƌ
ZĞƐŝĚĞŶƚ͗ΨϮϱϳͬϯŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϮϴϮͬϯŚƌ
ϲϭͲϭϮϬƉĞŽƉůĞ ZĞƐŝĚĞŶƚ͗ΨϮϳϱͬϯŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϯϬϯͬϯŚƌ
ZĞƐŝĚĞŶƚ͗ΨϮϴϮͬϯŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϯϭϭͬϯŚƌ
ϭϮϭͲϭϴϰƉĞŽƉůĞ ZĞƐŝĚĞŶƚ͗ΨϯϬϬͬϯŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϯϯϬͬϯŚƌ
ZĞƐŝĚĞŶƚ͗ΨϯϬϴͬϯŚƌ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϯϯϵͬϯŚƌ
ϭϮ ZĞƐĞƌǀĞĚWŝĐŶŝĐƌĞĂƐ
>ĂƌŐĞWŝĐŶŝĐƌĞĂ ZĞƐŝĚĞŶƚ͗Ψϵϯ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϭϬϮ
ZĞƐŝĚĞŶƚ͗Ψϵϲ
EŽŶͲƌĞƐŝĚĞŶƚ͗ΨϭϬϱ
DĞĚŝƵŵWŝĐŶŝĐƌĞĂ ZĞƐŝĚĞŶƚ͗ΨϳϮ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϳϵ
ZĞƐŝĚĞŶƚ͗Ψϳϰ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϴϭ
^ŵĂůůWŝĐŶŝĐƌĞĂ ZĞƐŝĚĞŶƚ͗Ψϰϭ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϰϱ
ZĞƐŝĚĞŶƚ͗ΨϰϮ
EŽŶͲƌĞƐŝĚĞŶƚ͗Ψϰϲ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ZĞĐƌĞĂƚŝŽŶ͕WĂŐĞϱϴŽĨϲϮ ŽŵŵƵŶŝƚLJ^ĞƌǀŝĐĞƐͲZĞĐƌĞĂƚŝŽŶ
ƵƌƌĞŶƚ&ĞĞͬĞƉŽƐŝƚ ϮϬϮϰhƉĚĂƚĞĚ&ĞĞ>ĞǀĞůͬĞƉŽƐŝƚ W/Ϯ͘ϳϬй&ĞĞEŽ͘ &ĞĞEĂŵĞ
EŽƚĞƐ
ϭϯ ^ŶĂĐŬĂƌZĞŶƚĂů
ZĞŶƚĂů&ĞĞ E
t ΨϭϱϬƉĞƌ^ƉŽƌƚƐ^ĞĂƐŽŶ
ĞƉŽƐŝƚ E
t ΨϮϱϬ <ĞLJZĞƉůĂĐĞŵĞŶƚ&ĞĞ E
t ΨϮϱ
ϭϰ dŽƵƌŶĂŵĞŶƚƐ
&ŝĞůĚǁŝƚŚŽƵƚ>ŝŐŚƚƐ ,ŽƵƌůLJ
>ĞǀĞůϭ E
t Ψϭϯ >ĞǀĞůϮ E
t ΨϮϱ >ĞǀĞůϯ E
t Ψϯϴ &ŝĞůĚǁŝƚŚ>ŝŐŚƚƐ ,ŽƵƌůLJ
>ĞǀĞůϭ E
t Ψϰϰ >ĞǀĞůϮ E
t Ψϲϯ >ĞǀĞůϯ E
t Ψϵϲ
ϭϱ DŝƐĐĞůůĂŶĞŽƵƐ&ĞĞƐ
ZĞĨƵŶĚWƌŽĐĞƐƐŝŶŐ&ĞĞ;ƉĞƌŽĐĐƵƌƌĞŶĐĞͿ ϭϱΨ ϭϱΨ &ĂĐŝůŝƚLJhƐĞΘ^ƉĞĐŝĂů
ǀĞŶƚ^ƵƉƉŽƌƚ&ĞĞƐ
&ƵůůdŝŵĞ^ƚĂĨĨ ϭϮϬΨ ϭϮϯΨ WĂƌƚdŝŵĞ^ƚĂĨĨ ϱϮΨ ϱϯΨ WŽƌƚĂWŽƚƚŝĞƐ WĞƌǀĞŶĚŽƌĐŽŶƚƌĂĐƚ WĞƌǀĞŶĚŽƌĐŽŶƚƌĂĐƚ
ĂŵĂŐĞĞƉŽƐŝƚ
&ĂĐŝůŝƚLJǁŝƚŚŽƵƚĂůĐŽŚŽů ϮϬϬΨ ϮϬϬΨ &ĂĐŝůŝƚLJǁŝƚŚĂůĐŽŚŽů ϱϬϬΨ ϱϬϬΨ ^ĞĐƵƌŝƚLJ WĞƌǀĞŶĚŽƌĐŽŶƚƌĂĐƚ WĞƌǀĞŶĚŽƌĐŽŶƚƌĂĐƚ
/ŶƐƵƌĂŶĐĞ WĞƌǀĞŶĚŽƌĐŽŶƚƌĂĐƚ WĞƌǀĞŶĚŽƌĐŽŶƚƌĂĐƚ
WƌĞŵŝƵŵŚĂŝƌĂŶĚdĂďůĞZĞŶƚĂůƐ Ϯ E
t WĞƌdĂďůĞ͗Ψϲ
WĞƌŚĂŝƌ͗Ψϭ
^ƉĞĐŝĂů
ǀĞŶƚWĞƌŵŝƚ&ĞĞ E
t ϭϱϬΨ sĞŶĚŽƌ^ƉŽƚĂƚŝƚLJ
ǀĞŶƚ;ϭϬΖdžϭϬΖƚŚͿ
^ƉƌŝŶŐ&ĞƐƚŝǀĂů E
t
&ŽŽĚ͗Ψϲϱ
ZĞƚĂŝů͗Ψϰϱ
EŽŶͲƉƌŽĨŝƚ^ŽĐŝĂů^ĞƌǀŝĐĞ͗Ψϯϱ
dƌĞĞ>ŝŐŚƚŝŶŐ E
t
&ŽŽĚ͗Ψϰϱ
ZĞƚĂŝů͗Ψϯϱ
EŽŶͲƉƌŽĨŝƚ^ŽĐŝĂů^ĞƌǀŝĐĞ͗E
ŽŶĐĞƌƚƐŝŶƚŚĞWĂƌŬ E
t
&ŽŽĚ͗ΨϳϱĞĂͬΨϮϳϱƐĞƌŝĞƐ
ZĞƚĂŝů͗ΨϱϬ
EŽŶͲƉƌŽĨŝƚ^ŽĐŝĂů^ĞƌǀŝĐĞ͗E
&Ăůů&ĞƐƚŝǀĂů E
t
&ŽŽĚ͗ΨϮϬϬ
ZĞƚĂŝů͗ΨϭϬϬ
EŽŶͲƉƌŽĨŝƚ^ŽĐŝĂů^ĞƌǀŝĐĞ͗ΨϱϬ
sŝĐƚŽƌǀŝůůĞ^ŝŶŐƐƵĚŝƚŝŽŶƐ E
t ΨϭϬ ϭϱ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶ ĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJďƵƌĚĞŶĞĚŚŽƵƌůLJ ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨ
ƚŝŵĞƌĞƋƵŝƌĞĚƚŽƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
&ƵůůdŝŵĞ ϭϭϵΨ ϭϮϮΨ WĂƌƚdŝŵĞ ϱϭΨ ϱϯΨ EŽƚĞƐ
ϭ &ŝŶĞͬWĞŶĂůƚLJ
Ϯ KƉƚŝŽŶĂů͗WůƵƐƐƚĂĨĨƚŝŵĞƚŽƐĞƚƵƉͬƚĞĂƌĚŽǁŶ;ŝĨŶĞĞĚĞĚͿ ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ ZĞĐƌĞĂƚŝŽŶ͕WĂŐĞϱϵŽĨϲϮ /ŶĚƵƐƚƌŝĂůWƌĞƚƌĞĂƚŵĞŶƚ
ϭ ŶŶƵĂůWĞƌŵŝƚ&ĞĞƐďLJ/ŶĚƵƐƚƌŝĂůhƐĞƌ
ƌ͘WĞƉƉĞƌ^ŶĂƉƉůĞ'ƌŽƵƉ;W^'Ϳ ĨůĂƚ ϴ͕ϰϰϳΨ ϴ͕ϰϰϳΨ WůĂƐƚŝƉĂŬ ĨůĂƚ ϲ͕ϲϬϳΨ ϲ͕ϲϬϳΨ &ĞĚĞƌĂůƵƌĞĂƵŽĨWƌŝƐŽŶƐ;&KWͿ ĨůĂƚ ϲ͕ϲϬϳΨ ϲ͕ϲϬϳΨ /ŶƚůĞƌŽƐƉĂĐĞŽĂƚŝŶŐƐ;/Ϳ ĨůĂƚ ϰ͕ϲϭϯΨ ϰ͕ϲϭϯΨ Ϯ EŽŶĐŽŵƉůŝĂŶĐĞĂŶĚWƌĞƚƌĞĂƚŵĞŶƚWůĂŶŚĞĐŬ&ĞĞƐ
EŽŶĐŽŵƉůŝĂŶĐĞ&ĞĞĨŽƌ
ĂĐŚ^ĂŵƉůĞŶĂůLJƐŝƐŝŶĚŝĐĂƚŝŶŐǀŝŽůĂƚŝŽŶ;ƐͿŽĨůŝŵŝƚƐŝŶ ƉĞƌŵŝƚ͘ ĨůĂƚ ϰϴϬΨ ϰϴϬΨ EŽŶĐŽŵƉůŝĂŶĐĞ&ĞĞĨŽƌ
ĂĐŚ^ĂŵƉůĞŶĂůLJƐŝƐEŽƚ^ƵďŵŝƚƚĞĚďLJhƐĞƌŝŶŽŵƉůŝĂŶĐĞ ǁŝƚŚŝƚLJΖƐWƌŽŐƌĂŵ ĨůĂƚ ϰϴϬΨ ϰϴϬΨ ϯ ĚŵŝŶŝƐƚƌĂƚŝǀĞKƌĚĞƌƐ
^ƚŽƉtŽƌŬKƌĚĞƌ ĨůĂƚ ϴϬϬΨ ϴϬϬΨ ŽŵƉůŝĂŶĐĞKƌĚĞƌ ĨůĂƚ ϴϬϬΨ ϴϬϬΨ ĞĂƐĞĂŶĚĞƐŝƐƚKƌĚĞƌ ĨůĂƚ ϭ͕ϮϴϬΨ ϭ͕ϮϴϬΨ ĞĂƐĞŝƐĐŚĂƌŐĞKƌĚĞƌ ĨůĂƚ ϭ͕ϮϴϬΨ ϭ͕ϮϴϬΨ dĞƌŵŝŶĂƚŝŽŶŽĨ^ĞƌǀŝĐĞ ĨůĂƚ Ϯ͕ϱϲϬΨ Ϯ͕ϱϲϬΨ ϰ
ŶĨŽƌĐĞŵĞŶƚĐƚŝŽŶ&ĞĞƐWĞŶĂůƚLJ&ĞĞƐ
/ŶƐƉĞĐƚŝŽŶ ĨůĂƚ ϭ͕ϵϬϬΨ ϭ͕ϵϬϬΨ EKsͬ/ŶƐƉĞĐƚŝŽŶ ĨůĂƚ ϯ͕ϭϴϬΨ ϯ͕ϭϴϬΨ KďƚĂŝŶŝŶŐ/ŶƐƉĞĐƚŝŽŶtĂƌƌĂŶƚ ĨůĂƚ ϯϮϬΨ ϯϮϬΨ ŽŵƉůŝĂŶĐĞDĞĞƚŝŶŐ ĨůĂƚ ϭ͕ϲϬϬΨ ϭ͕ϲϬϬΨ
ŶĨŽƌĐĞŵĞŶƚ,ĞĂƌŝŶŐ ĨůĂƚ Ϯ͕ϱϲϬΨ Ϯ͕ϱϲϬΨ ϱ WƌĞƚƌĞĂƚŵĞŶƚWůĂŶŚĞĐŬ&ĞĞƐ
^ĂŵƉůŝŶŐDĂŶŚŽůĞ ĨůĂƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ŝƐĐŚĂƌŐĞ&ůŽǁŵĞƚĞƌ ĨůĂƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
'ƌĂǀŝƚLJ^ĞƉĂƌĂƚŝŽŶ/ŶƚĞƌĐĞƉƚŽƌ ĨůĂƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ KƚŚĞƌWƌĞƚƌĞĂƚŵĞŶƚ&ĂĐŝůŝƚŝĞƐ ĨůĂƚ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ ϲ
dŚĞĨĞĞĨŽƌĂŶLJƐĞƌǀŝĐĞŶŽƚůŝƐƚĞĚǁŝůůďĞĐĂůĐƵůĂƚĞĚŽŶĂĐĂƐĞͲďLJͲĐĂƐĞďĂƐŝƐ͕ƵƐŝŶŐƚŚŝƐĨƵůůLJ ďƵƌĚĞŶĞĚŚŽƵƌůLJ^ƚĂĨĨůĂďŽƌƌĂƚĞ͕ŵƵůƚŝƉůŝĞĚďLJƚŚĞĂŵŽƵŶƚŽĨ^ƚĂĨĨƚŝŵĞƌĞƋƵŝƌĞĚƚŽ ƉĞƌĨŽƌŵƚŚĞƐĞƌǀŝĐĞ͘
ƉĞƌŚŽƵƌ ĐƚƵĂůŽƐƚ ĐƚƵĂůŽƐƚ
ϮϬϮϰhƉĚĂƚĞĚ
&ĞĞ>ĞǀĞůͬ
ĞƉŽƐŝƚ
&ĞĞEŽ͘ &ĞĞEĂŵĞ &ĞĞdLJƉĞ
EŽƚĞƐ
ƵƌƌĞŶƚ&ĞĞͬ
ĞƉŽƐŝƚ
ŝƚLJŽĨsŝĐƚŽƌǀŝůůĞ
DĂƐƚĞƌ&ĞĞ^ĐŚĞĚƵůĞͮWƌŽƉŽƐĞĚ /ŶĚƵƐƚƌŝĂůWƌĞƚƌĞĂƚŵĞŶƚ͕WĂŐĞϲϬŽĨϲϮ /dzK&s/dKZs/>>
y,//d