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Home My WebLink AboutAEO 002 BAQUIFER EXEMPTION ORDER #2B Milne Point Field Milne Point Unit North Slope Borough 1. ----------------- emails 2. July 18, 2025 Hilcorp Application for Revision of Aquifer Exemption Order 2 3. July 29, 2025 Hilcorp Notice of Public Hearing 4. September 9, 2025 Hearing Transcript and Hilcorp Presentation 5. September 23, 2025 EPA Information Request AQUIFER EXEMPTION ORDER #2B STATE OF ALASKA ALASKA OIL AND GAS CONSERVATION COMMISSION 333 West 7th Avenue Anchorage Alaska 99501 Re: THE APPLICATION OF Hilcorp Alaska, LLC for Revision of Aquifer Exemption Order 2, Milne Point Field, Milne Point Unit, North Slope Borough, Alaska. ) ) ) ) ) ) ) ) Docket Number: AEO-25-002 Aquifer Exemption Order 2B Milne Point Field Milne Point Unit North Slope Borough October 22, 2025 IT APPEARING THAT: 1. By application received July 21, 2025, (Application), Hilcorp Alaska, LLC (Hilcorp), operator of the Milne Point Unit (MPU), requested an order from the Alaska Oil and Gas Conservation Commission (AOGCC) to revise AOGCC Aquifer Exemption Order No. 2 (AEO 2)1, a Class II Aquifer Exemption (AE) at the MPU, to align with that portion of the Affected Area of AOGCC Area Injection Order 10D (AIO 10D) associated with the MPU. The MPU straddles the northern coastline of Alaska, and it lies within the North Slope Borough (NSB). 2. The AOGCC has authority to issue an aquifer exemption. Review by the U.S. Environmental Protection Agency (EPA) of an AOGCC issued aquifer exemption order is also required by 20 AAC 25.440(d) before the order can become effective. 3. Pursuant to 20 AAC 25.540, the AOGCC tentatively scheduled a public hearing for September 9, 2025. On July 29, 2025, the AOGCC published notice of that hearing on the State of Alaska’s Online Public Notice website, the AOGCC’s website, and electronically transmitted the notice to all persons on the AOGCC’s email distribution list. On July 30, 2025, the notice was published in the Anchorage Daily News. 4. The AOGCC did not receive any requests to hold the hearing, public comments, or protests. 5. On its own accord, the AOGCC decided it was in the public interest to hold the hearing tentatively scheduled for September 9, 2025. 6. Hilcorp’s application, Hilcorp’s testimony, supplemental information, and AOGCC’s public records provide sufficient information to make an informed decision. FINDINGS: 1. Definition of an Aquifer: An aquifer is an underground body of water-saturated rock or sediments that can store and/or transmit water. 1 AEO 2, issued in 1987, governs only a portion of the current MPU. In 2002, BP Exploration (Alaska) Inc. (BP), operator of the MPU at that time, applied to amend AEO 2. That application, labeled AEO 2A, was incomplete. BP was provided opportunity to re-submit the application, but no further action was taken. To avoid confusion, the records associated with that incomplete application are labeled AEO 2A and this order is labeled AEO 2B. Aquifer Exemption Order 2B October 22, 2025 Page 2 of 10 2. Exemption of an Aquifer: An order granting an exemption allows an underground aquifer or a specified portion of an aquifer to be used for oil- or gas-related production, injection, or disposal purposes in compliance with EPA’s requirements under the Safe Drinking Water Act and State of Alaska regulations. Regulations allow the EPA and the State of Alaska to exempt an aquifer, or a portion of an aquifer, if it does not currently serve as a source of drinking water, if it will not serve as a source of drinking water in the future, and if it meets other criteria such as the natural presence of hydrocarbons, existing contamination, elevated dissolved solids concentration, or it is situated at a depth or location that makes recovery of water for drinking water purposes economically or technologically impractical. Figure 1. AEO 2B Proposed Expanded Area— Index Map The green line represents the proposed Affected Area boundary including an additional ¼- mile buffer. The purple line represents the existing AEO 2 boundary. (Source: Hilcorp Alaska, LLC’s application) 3. History of the MPU Class II Aquifer Exemption: AEO 2, issued July 8, 1987, exempts those portions of freshwater aquifers lying directly below and within one-quarter mile beyond the MPU boundary at that time. The exemption was granted as those portions of freshwater aquifers did not serve as a source of drinking water and are situated at a depth and location that Aquifer Exemption Order 2B October 22, 2025 Page 3 of 10 makes recovery of water for drinking water purposes economically impracticable. Those aquifers were also reported to have a total dissolved solids content of more than 3,000 and less than 10,000 mg/l, and they were not reasonably expected to supply a public water system. By letter of July 2, 1987, EPA-Region 10 advised that the aquifers occurring beneath the MPU qualified for exemption and concurred with AOGCC’s decision to exempt the aquifers beneath the MPU for Class II injection activities only and stated that this decision was a non-substantial program revision.2 4. Description of the Proposed Exempted Aquifer: Hilcorp’s Application requests an exemption for the purposes of Class II operations. 5. Operator: Hilcorp operates the MPU that is located within the NSB, Alaska. 6. Extent of Requested Aquifer Exemption Area: Hilcorp’s requested expanded Affected Area is described in the listing herein and is informally depicted by the green-colored boundary line in Figure 1, above. 7. Notification of Affected Parties: AOGCC’s public notification process for Hilcorp’s requested AE is described above. This process conforms to the requirements of Alaska Regulations 20 AAC 25.440 and 20 AAC 25.540. 8. Affected Strata: As noted above, AEO 2 exempts: “…the portions of aquifers on the North Slope described by the one-quarter (1/4) mile area beyond and lying directly below the following tracts of land are exempted for Class II injection activities only.” The tracts of land referenced are the 56 square miles that comprised the MPU in 1987 when AEO 2 was issued. 9. Basis for Proposed Aquifer Exemption Request: Hilcorp’s application states that the affected aquifers do not currently serve as a future source of drinking water as they are situated at a depth or location which makes recovery of water for drinking water purposes economically or technologically impractical. Additionally, Hilcorp’s application states the Total Dissolved Solids (TDS) concentrations of the groundwater within those aquifers average more than 3,000 and less than 10,000 mg/l and these aquifers are not reasonably expected to supply a public water system. Those criteria are supported by AEO 2 Findings 1, 2, and 3. 10. Proposed Expanded Affected Area: The areal extent of the Milne Point Unit has changed significantly since AEO 2 was issued in 1987 due to extensive drilling and development activities. Hilcorp’s proposed expanded Affected Area for this revised aquifer exemption coincides with the external boundary of the MPU leases within the Affected Area of Area Injection Order 10D, issued in September 2025, plus a ¼-mile external buffer. 11. Geology and Confinement: MPU has extensive well control and seismic data. The affected aquifer strata are thick and generally continuous throughout the proposed expanded Affected Area. Upper confinement is provided by four thick (50 or more vertical feet), continuous intervals of marine silts and clays that persist throughout the MPU area. Additional upward confinement is provided by the thick layer of permafrost that persists throughout this area. The average base of permafrost across the MPU is about 1,500’ TVD. 2 AOGCC Aquifer Exemption Order (AEO 2), Findings 1, 2, and 3, and the EPA Region 10 Water Division Director’s letter dated July 2, 1987 available online at http://aogweb.state.ak.us/WebLinkSearch, in File AEO 2, p. 3 and 27. Aquifer Exemption Order 2B October 22, 2025 Page 4 of 10 12. North Slope Public Drinking Water Sources: Public water supplies on the North Slope are few and mostly distantly located from the proposed expanded AE Affected Area. The nearest is a Non-Transient Non-Community water source 3 that is located at Oliktok Point within Section 5, T13N, R5E, UM, which lies about one mile west from the periphery of the proposed expanded Affected Area. This water source is operated by Hilcorp, and the very shallow wells that constitute it are discussed in detail below. The nearest community water system is located at the City of Nuiqsut, which is 34 miles from the proposed expanded AE. 13. Nearby Water Source Wells: According to the Alaska Department of Natural Resources’ (DNR) Well Log Tracking System (WELTS), five water wells were drilled at Hilcorp’s Oliktok Point Pad in Section 5, T13N, R5E, UM, which is located about 1 mile west of the proposed AE Affected Area. These wells range in depth from about 61’ to 76’ true vertical depth (TVD). Pad Wells #1 and #2 were drilled in 2010 and decommissioned in 2025 and 2021, respectively. Wells #3, #4, and #5 are 45° slant wells that were drilled in 2021 and 2025. There are also two water wells on Spy Island, located two miles from the proposed Affected Area, that reach 72’ and 74’ TVD. These very shallow water supply wells are located on the shoreline of Simpson Lagoon and on an artificial island built within it. They tap shallow aquifers in an area where the permafrost layer has melted from the surface downward beneath the waters of that lagoon. According to AOGCC’s public records, onshore within the MPU there are 15 wells used to supply water for oil- and gas-related purposes, but none of these are sources of drinking water.4 (See Table 1, below.) To date, these wells have produced 640,989,281 barrels of water. 14. Suitability as Drinking Water Aquifers: Pursuant to 20 AAC 25.440, Hilcorp’s request for an aquifer exemption is supported by the following: a. Hilcorp’s application presents an evaluation by an independent contractor that demonstrates the proposed expansion meets the requirements to exempt these aquifers in accordance with 40 CFR 146.4, 40 CFR 144.7, and 20 AAC 25.440. This contractor is an engineering consulting firm located in Anchorage, Alaska that specializes in scoping, design, and development of public and private drinking water treatment systems in Alaska, the continental U.S., and internationally. A copy of the contractor’s report is included in the record for this order. b. The North Slope has abundant surface water that provides the source for drinking water. The NSB owns, operates and maintains water treatment facilities for seven communities that lie between 34 and 440 miles from the Affected Area for this proposed exemption. All these communities, including Nuiqsut, which lies 34 miles from the expanded Affected Area, obtain water from nearby freshwater tundra lakes. 3 According to the EPA’s and the Alaska Department of Environmental Conservation’s websites, a Non-Transient Non-Community water source is a public water system that serves at least the same 25 non-residential individuals during 6 months of the year. 4 Note that Milne Point Unit B-01 is a deep exploration well drilled in 1981 to 9,635’ measured depth (MD, which is equivalent to 9,439’ TVD) to test the Kuparuk and Ivishak Formations and then suspended. In July 1982, the well was re-entered, perforated between 2,903’ and 3,266’ MD (2,903’ and 3,261’ TVD), gravel packed, and completed as a water supply well. From January 1986 to August 2025 the well produced 26,790,313 barrels of water. Aquifer Exemption Order 2B October 22, 2025 Page 5 of 10 Table 1. MPU Area —Wells Used for Water Supply (Sources: AOGCC’s DataMiner database) c. Hilcorp’s contractor determined that no drinking water source wells are located within the affected aquifers. The deepest well used as a drinking water source in the State of Alaska is 1,440 feet.5 There are 22 registered drinking water wells on the North Slope. The deepest of these is 618 feet,6 and the remaining 21 range from 30’ to 171’ deep. The nearest wells are discussed in Finding 12 above. The remaining wells are located 11 to 170 miles from the proposed expanded Affected Area. The only community drinking water well within the NSB is located at Anaktuvuk Pass, about 170 miles south of the proposed AE. d. Surface recharge of these aquifers is prevented by the regionally extensive layer of permafrost, the base of which averages about 1,600’ within the MPU. e. Hilcorp’s contractor assessed different types of water systems that could be employed to provide potable water for the MPU area by performing preliminary front-end engineering design evaluations and providing estimated associated capital and operating costs. Those costs are presented in Table 2, below, excerpted from the final report, which is included in Hilcorp’s application. f. Due to the presence of thick permafrost, Hilcorp’s contractor estimates the cost to drill and install a public water system well to a depth of 2,500’ utilizing a specialized drilling rig would be about $6,000,000. The estimated cost for a specialized Electrical Submersible Pump (ESP) with ancillary equipment is $400,000, and a natural gas- 5 Water supply well located at Clear Space Force Station (coordinates 64.285944,-149.16613), approximately 440 mile south of MPU. 6 Water supply well located along the Dalton Highway, about 75 miles south of the MPU. Permit Well Name Current Status Yr Completed Perf Range (MD) Perf Range (TVD) 180-075 MILNE PT UNIT B-01 Water s upply well 1981 2,903 - 3,266 2,903 - 3,261 185-008 MILNE PT UNIT CFP-01 Water s upply well 1985 2,905 - 3,310 2,758 - 3,148 185-185 MILNE PT UNIT A-02A Water s upply well 1985 3,282 - 3,521 2,917 - 3,083 190-096 MILNE PT UNIT J-02 Water s upply well 1991 4,499 - 4,608 3,207 - 3,266 195-136 MILNE PT UNIT F-77 Water s upply well 1996 2,905 - 3,310 2,596 - 2,939 196-070 MILNE PT UNIT F-02 Water s upply well 1996 2,574 - 3,264 2,246 - 2,804 196-135 MILNE PT UNIT F-21 Water s upply well 1997 3,979 - 4,599 2,572 - 2,825 196-156 MILNE PT UNIT F-58 Water s upply well 1996 2,558 - 3,270 2,250 - 2,737 197-192 MILNE PT UNIT I-08 Water s upply well 1998 3,256 - 4,256 2,721 - 3,013 194-153 MILNE PT UNIT E-15 Plugged and Abandoned 1995 3,775 - 3,910 3,250 - 3,356 195-094 MILNE PT UNIT E-23 Water s upply well 1995 3,415 - 3,840 3,211 - 3,467 200-103 MILNE PT UNIT I-09 Water s upply well 2000 3,310 - 4,155 2 746 - 3,077 208-183 MILNE PT UNIT S-39 Water s upply well 2011 3,358 - 3,586 2,896 - 3,058 219-038 MILNE PT UNIT M-04 Water s upply well 2019 2,175 - 2,485 2,139 - 2,449 219-113 MILNE PT UNIT M-06 Water s upply well 2019 2,509 - 2,888 2,144 - 2,397 Minimum TVD 2,139 Maximum TVD 3,467 Aquifer Exemption Order 2B October 22, 2025 Page 6 of 10 Table 2. Water Supply Systems Estimated Range-of-Magnitude7 Installation and Operation Costs (Source: Hilcorp’s Application) powered turbine to supply reliable power for the ESP would be about $150,000. Depending on the salinity of the groundwater and whether hydrocarbons such as methane gas are present, these estimates demonstrate that a deep water well with associated processing infrastructure would cost between $5,740,000 and $9,900,000 to drill and install. Operating costs are estimated to be about $132 to $165 per 1,000 gallons of water, depending on salinity of the aquifer and whether hydrocarbons are also present. By contrast, a surface water source would cost $1,580,000 to install and $85 per 1,000 gallons to operate. g. Hilcorp’s contractor evaluated future water supply needs for the NSB. The NSB’s Comprehensive Plan for 2019-2039 estimated 8,356 residents in 2017 and projected between 8,969 and 10,593 residents by 2035, a population increase of 4 to 27 percent. The Alaska Department of Labor and Workforce Development’s Alaska Population Projections for 2023-2050 provides the estimates shown in Table 3, below. The contractor concluded that even the most aggressive population growth models presented no concerns with drinking water availability within the region. h. Economics were the primary justification presented in Conoco Inc.’s (Conoco) original 1987 application for AEO 2. Their costs incurred to drill a deep water well ($2,500,000 in 1987 dollars, equivalent to about $7,000,000 today) and install a lined and heated separation vessel (to remove solids and gas), a reverse osmosis unit (“RO”, to remove chlorides and dissolved solids), an in-line charcoal filter (to remove aromatics and organic compounds), and a wastewater handling system totaled more than $10,000,000 dollars at that time, which is equivalent to about $28,000,000 today. In addition, Conoco’s RO unit was rated at 40% efficiency, meaning that for every ten barrels of water processed, four were drinkable and six required disposal. Conoco’s stated costs did not include operating expenses, equipment maintenance, or storing, transporting, and injection of the resulting wastewater. Conoco concluded that recovery of water from these aquifers for the sole purpose of providing drinking water was uneconomical.8 7 “Trucking SA-10 to Nuiqsut” includes purchasing and transporting potable water from the NSB drinking water treatment facility in Prudhoe Bay Service Area 10 to the Community of Nuiqsut. 8 AOGCC’s file for AEO 2, p. 31, 52-56. Aquifer Exemption Order 2B October 22, 2025 Page 7 of 10 Table 3. Projected NSB Population Forecast for 2035 (Source: Alaska Department of Labor and Workforce Development in Hilcorp’s Application) i. Conoco’s 1987 application for AEO 2 also noted that although the TDS content of the groundwater produced from the MPU aquifers qualifies as fresh water, the chloride content of the water produced exceeded Alaska’s maximum limit for potable water by nearly 800%, and hydrocarbon gases were associated with that produced water. 15. Formation Water Salinity: Hilcorp's application provided laboratory reports for six water samples taken from five MPU water supply wells. TDS concentrations in these samples ranged from 3,160 to 4,453 milligrams per liter (mg/l). Hilcorp testified that one water sample, collected on May 11, 2024, shows a TDS concentration of 2,916 mg/l, but the average salinity from these water samples is about 3,792 mg/l. Compilation of water source well sample information from the hearing records for AEO 2, AEO 2B, Hilcorp’s Application and Draft EPA checklist, and AOGCC’s well history files (WHF) yielded a total of 25 sample analyses. Neglecting the two initial, successive water samples obtained from MPU CPF-1 that measured 10,026 and 4,980 mg/l and appear to have been taken during well cleanup, the remaining 23 water samples average 3,562 mg/l TDS. These water samples were obtained from the aquifers beneath permafrost base between 2,246’ and 3,801’ true vertical depth (TVD). AEO 2 Finding 3 states that the Total Dissolved Solids (TDS) content of the groundwater within the 1987 MPU aquifer exemption area is more than 3,000 and less than 10,000 mg/l. Within the record for AEO 2, laboratory analysis reports for two samples collected from well MPU CFP #1 in December 1985 and January 1986 reported TDS values of 2,560 and 2,500 mg/l, respectively.9 In a letter within the record for AEO 2, the EPA noted these low values and requested additional information.10 Supplemental information provided by Conoco stated: “Water samples from the Tertiary source wells were analyzed infrequently and the results were often inconsistent. In the CFP-1 well, for example, tests indicated 2,500 ppm TDS in a sample taken on 1-6-86 and 3162 TDS in a sample taken 1-3-86. In a test completed by Conoco's research department the total salt concentration for CFP-1 was 3,260 ppm. In the [MPU] B-1 9 AOGCC’s file for AEO 2, p. 41, 64. 10 AOGCC’s file for AEO 2, p.44. Community Distance to MPU (miles) 2020 Pop. 2035 Pop. (Est.) Change % Change Nuiqsut 34 512 548 36 7% 8WTLDƥYLN 70 4,927 6,985 2,058 42% Kaktovik 140 283 320 37 13% Anaktuvuk Pass 170 425 480 55 13% Atqasuk 180 276 393 117 42% Wainwright 240 628 671 43 7% Point Lay 320 330 328 -2 -1% Point Hope 440 830 868 38 5% Totals 8,211 10,593 2,382 29% Aquifer Exemption Order 2B October 22, 2025 Page 8 of 10 well four samples have been analyzed with resultant TDS values of 3,539, 3,176, 3,300, and 3,160 ppm.”11 By letter dated July 2, 1987, EPA Region 10 advised the AOGCC that the aquifers occurring beneath the MPU qualified for exemption as a minor exemption and a non- substantial program revision not requiring notice in the Federal Register.12 16. Protection of Aquifers by Existing Wells: In accordance with Regulation 20 AAC 25.030(c)(3), all MPU wells have surface casing cemented to surface and set below the base of permafrost and all strata known or reasonably expected to serve as a source of drinking water for human consumption. 17. Concurrence of the U.S. Environmental Protection Agency (EPA): Pursuant to 20 AAC 25.440(d)(1), the EPA will be provided the opportunity to review and approve this order. CONCLUSIONS: 1. Aquifers within the proposed exemption area do not currently serve as a source of drinking water. 2. Surface water sources supply drinking water for all NSB communities except Anaktuvuk Pass, which is located 170 miles from the proposed expanded Affected Area. Population growth models through 2035 present no concerns with drinking water availability within the region. 3. The aquifers present within the proposed exempted interval and the expanded Affected Area cannot reasonably be expected to serve as an underground source of drinking water because they are situated at a location and / or depth that makes the recovery of formation waters for drinking water purposes economically impractical. 4. Evidence demonstrates with reasonable certainty that the TDS content of groundwater within the proposed exempted aquifers averages more than 3,000 and less than 10,000 mg/l, and are not reasonably expected to supply a public water system. 5. The aquifers occurring in the proposed exempted interval within the proposed expanded exemption area qualify as exempt freshwater aquifers under 40 CFR 146.4, 40 CFR 144.7, and 20 AAC 25.440. This is consistent with the Findings, Conclusion, and description of the exempted aquifers in AEO 2. It is also consistent with the letter of July 2, 1987, in which the Water Division Director for EPA Region 10 concurred with AOGCC’s decision to exempt the aquifers beneath the MPU for Class II injection activities only and stated that decision was a non-substantial program revision. 6. Hilcorp’s request is warranted. This expanded Affected Area will coincide with the MPU leases within the Affected Area for Area Injection Order 10D. NOW, THEREFORE, IT IS ORDERED THAT: The portions of aquifers on the North Slope described by the one-quarter (1/4) mile area beyond and lying directly beneath the tracts of land described within the MPU Affected Area described below are designated as an exempt freshwater aquifer for the purposes of Class II operations as provided by 20 AAC 25.440. This order supersedes AEO 2. 11 AOGCC’s file for AEO 2, p. 32. 12 AOGCC’s file for AEO 2, p. 27. Aquifer Exemption Order 2B October 22, 2025 Page 9 of 10 Affected Area: Umiat Meridian Lease Number Township, Range Sections ADL 380109 T12N, R10E 01 and 02 All, 11 and 12 All ADL 380110 T12N, R11E 05 to 08 All ADL 375133 T12N, R11E 03 and 04 All, 09 and 10 All ADL 375132 T12N, R11E 01 and 02 All, 11 and 12 All ADL 025517 T13N, R10E 29 to 32 All ADL 025906 T13N, R10E 27 and 28 All, 33 and 34 All ADL 025518 T13N, R10E 25 and 26 All, 35 and 36 All ADL 028231 T13N, R11E 29 to 32 All ADL 028232 T13N, R11E 27 and 28 All, 33 and 34 All ADL 025514 T13N, R09E 13 and 14 All, 23 and 24 All ADL 025515 T13N, R10E 17 to 20 All ADL 315848 T13N, R10E 16 and 21 All, ADL 025516 T13N, R10E 15 and 22 All ADL 047437 T13N, R10E 13 and 14 All, 23 and 24 All ADL 047438 T13N, R11E 17 to 20 All ADL 388235 T13N, R09E 01 All, 02 N1/2 and SE1/4, 11 NE1/4, 12 All ADL 025509 T13N, R10E 05 to 08 All ADL 047434 T13N, R10E 03 and 04 All, 09 and 10 All ADL 047433 T13N, R10E 01 and 02 All, 11 and 12 All ADL 392703 T13N, R11E 07 All, 08 W1/2 ADL 355018 T14N, R09E 25 to 27 All, 34 to 36 All ADL 355018 T14N, R10E 30 and 31 All ADL 355017 T14N, R10E 27 to 29 All, 32 to 35 All ADL 355021 T14N, R09E 11 to 15 All, 22 to 24 All ADL 355016 T14N, R10E 15 to 22 All ADL 394167 T14N, R10E 05 to 08 All Aquifer Exemption Order 2B October 22, 2025 Page 10 of 10 This order is not effective until the United States Environmental Protection Agency has been provided the opportunity to review and approve the order pursuant to 20 AAC 25.440(d)(1).13 This Order does not authorize the injection of any fluids or gas or disposal injection within the Affected Area. Area Injection Order No. 10D Errata, issued September 17, 2025, governs injection operations within the Affected Area described above. DONE at Anchorage, Alaska and dated October 22, 2025. Jessie L. Chmielowski Gregory C. Wilson Commissioner Commissioner RECONSIDERATION AND APPEAL NOTICE As provided in AS 31.05.080(a), within 20 days after written notice of the entry of this order or decision, or such further time as the AOGCC grants for good cause shown, a person affected by it may file with the AOGCC an application for reconsideration of the matter determined by it. If the notice was mailed, then the period of time shall be 23 days. An application for reconsideration must set out the respect in which the order or decision is believed to be erroneous. The AOGCC shall grant or refuse the application for reconsideration in whole or in part within 10 days after it is filed. Failure to act on it within 10-days is a denial of reconsideration. If the AOGCC denies reconsideration, upon denial, this order or decision and the denial of reconsideration are FINAL and may be appealed to superior court. The appeal MUST be filed within 33 days after the date on which the AOGCC mails, OR 30 days if the AOGCC otherwise distributes, the order or decision denying reconsideration, UNLESS the denial is by inaction, in which case the appeal MUST be filed within 40 days after the date on which the application for reconsideration was filed. If the AOGCC grants an application for reconsideration, this order or decision does not become final. Rather, the order or decision on reconsideration will be the FINAL order or decision of the AOGCC, and it may be appealed to superior court. That appeal MUST be filed within 33 days after the date on which the AOGCC mails, OR 30 days if the AOGCC otherwise distributes, the order or decision on reconsideration. In computing a period of time above, the date of the event or default after which the designated period begins to run is not included in the period; the last day of the period is included, unless it falls on a weekend or state holiday, in which event the period runs until 5:00 p.m. on the next day that does not fall on a weekend or state holiday. 13 20 AAC 25.440(d): “A commission order designating a freshwater aquifer or a portion of it as an exempt freshwater aquifer is not effective with respect to underground disposal or storage operations subject to 20 AAC 25.252 or injection operations subject to 20 AAC 25.402 until the United States Environmental Protection Agency has been provided the opportunity to review the order under 40 C.F.R. 144.7(b)(3) and has (1) approved the order, if it was issued under (a)(1) of this section; or (2) has allowed the applicable time period within which to disapprove the order to expire without acting on it, if the order was issued under (a)(2) of this section.” Gregory C Wilson Digitally signed by Gregory C Wilson Date: 2025.10.22 14:58:36 -08'00' Jessie L. Chmielowski Digitally signed by Jessie L. Chmielowski Date: 2025.10.22 14:59:55 -08'00' From:Coldiron, Samantha J (OGC) To:AOGCC_Public_Notices Subject:[AOGCC_Public_Notices] Aquifer Exemption Order 2B (Hilcorp) Date:Wednesday, October 22, 2025 4:56:43 PM Attachments:AEO2B.pdf THE APPLICATION OF Hilcorp Alaska, LLC for Revision of Aquifer Exemption Order 2, Milne Point Field, Milne Point Unit, North Slope Borough, Alaska. Samantha Coldiron AOGCC Special Assistant Alaska Oil and Gas Conservation Commission 333 West 7th Avenue Anchorage, AK 99501 (907) 793-1223 __________________________________ List Name: AOGCC_Public_Notices@list.state.ak.us You subscribed as: samantha.coldiron@alaska.gov Unsubscribe at: https://list.state.ak.us/mailman/options/aogcc_public_notices/samantha.coldiron%40alaska.go v 5 RETURN RECEIPT REQUESTED Ms. Amy Peloza Environmental Team Manager Hilcorp Alaska, LLC 3800 Centerpoint Drive, Suite 1400 Anchorage, Alaska 99503 Re: Request for Information Pursuant to Safe Drinking Water Act Section 1445, 42 U.S.C. § 300j-4 Hilcorp Alaska, LLC, Underground Injection Control Class I Permit AK-1I005-C Milne Point Unit Wells MPB-24 and MPB-34 Dear Ms. Peloza: On August 18, 2025, the U.S. Environmental Protection Agency (EPA) received a Notification of Noncompliance (“Notification”) from Hilcorp Alaska, LLC (“Hilcorp”). The Notification stated that during an internal records review, Hilcorp discovered that potentially hazardous waste was injected into Hilcorp’s Class I non-hazardous disposal wells located at the Milne Point Unit located on the North Slope of Alaska. The Notification indicated that on at least eight occasions Hilcorp injected potentially hazardous non-exempt freeze-protect fluids, including diesel and source water, into Class I non- hazardous injection wells MPB-24 and MPB-34. On September 4, 2025, Hilcorp clarified that three of the eight original reported instances of non-compliance were mistakenly reported. The EPA has reviewed the materials submitted by Hilcorp and seeks additional information to determine whether Hilcorp is in compliance with the Safe Drinking Water Act (SDWA). This request for information is being issued to Hilcorp pursuant to SDWA Section 1445, 42 U.S.C. § 300j-4. The EPA requests that Hilcorp provide responses to the following requests within 30 days of receipt of this letter: 1) For each of the events listed on Hilcorp’s Notification, please provide the concentration of benzene in the injection fluids that were injected into the Class I disposal wells. 2) If Hilcorp is unable to provide a precise concentration amount in response to request 1 above, please provide an explanation why characterization of the injection fluids was not performed prior to injection into the Class I disposal wells. 3) Please provide the safety data sheet or its equivalent, for the specific fluid(s) used to freeze- protect source water wells at the Milne Point Unit. 4) Provide a list of all source water wells and any other wells not uniquely associated with the 2 exploration, development and production of crude oil and natural gas, that occur in or support, the following units: Milne Point Northstar Point Thomson Nikaitchuq Oooguruk Prudhoe Bay 5) Please provide Hilcorp’s current or proposed operations for evaluating whether third-party wastes on the North Slope originate from a source water well or other well not uniquely associated with the exploration, development and production of crude oil and natural gas. 6) Please provide a description of the most readily available alternative means of disposing/reusing freeze-protect fluids on the North Slope besides Class I injection. 7) Hilcorp is required to carry out their waste disposal following procedures set in a Waste Analysis Plan, a document that outlines procedures for classifying, sampling and analyzing wastes prior to disposal at the Milne Point Unit Class I disposal wells in accordance with 40 C.F.R. § 144.51(j). Please provide a detailed description of Hilcorp’s efforts to comply with the Waste Analysis Plan prior to, during and following the events listed on Hilcorp’s Notification. 8) In Hilcorp’s Notification, a list was provided of “[s]teps taken or planned to reduce, eliminate, and prevent recurrence of the noncompliance.” Please provide supporting documentation demonstrating that each of the steps have been taken along with a detailed description why those steps will ensure that the noncompliance identified in the Notification will not occur again. To aid the EPA’s timely review of Hilcorp’s responses, the EPA prefers that Hilcorp submit responses to this request for information via an electronic submission. Hilcorp can electronically submit responses via email to ortiz.donna@epa.gov. To discuss alternative electronic submission methods, please contact Donna Ortiz at (206) 553-2429. In accordance with 40 C.F.R. § 2.203(a), Hilcorp is hereby notified that it may assert a business confidentiality claim covering part or all of the requested information in the manner described by 40 C.F.R. § 2.203(b). Information covered by such a claim will be disclosed by the EPA only to the extent and by means of the procedures set forth in 40 C.F.R. Part 2, Subpart B. If no confidentiality claims accompany the information when it is received by the EPA, the information may, without further notice to Hilcorp, be made available to the public. Failure to provide a complete and timely response to this request for information or to adequately justify a failure to respond, may result in an enforcement action, including the assessment of penalties, by the EPA pursuant to SDWA Section 1445, 42 U.S.C. § 300j-4. Please be further advised that provision of false, fictitious, or fraudulent statements or representations may subject you to criminal penalties under 18 U.S.C. § 1001. If you have any questions concerning this letter, you may contact Donna Ortiz at (206) 553-2429 or ortiz.donna@epa.gov. For legal questions, please contact Patrick Johnson, Senior Water Law Attorney, at (907) 271-3914 or johnson.patrick@epa.gov. 3 Sincerely, Jeff KenKnight, Manager Water Enforcement and Field Branch Enforcement and Compliance Assurance Division cc: Chris Wallace State of Alaska Oil and Gas Conservation Commission JEFFERY KENKNIGHT Digitally signed by JEFFERY KENKNIGHT Date: 2025.09.23 15:56:30 -07'00' 4 AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 ALASKA OIL AND GAS CONSERVATION COMMISSION In the Matter of Hilcorp Alaska's Request ) for an Order to Revise the Affected Area ) for the Milne Point Unit Area Aquifer ) Order 2 to align with AOGCC's Area ) Injection Order 10D only as to that portion ) that covers the MPU boundary. Hilcorp's ) proposed revised Affected Area lies across ) Alaska's northern coastline within the ) North Slope Borough. ) ____________________________________________) Docket number: AEO-25-002 PUBLIC HEARING Anchorage, Alaska September 9, 2025 10:00 o'clock a.m. BEFORE: Jessie Chmielowski, Commissioner Greg Wilson, Commissioner AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 2 1 TABLE OF CONTENTS 2 Opening remarks by Commissioner Chmielowski 03 3 Testimony by Mr. Emerson 08 4 Testimony by Mr. Mundahl 22 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 3 1 P R O C E E D I N G S 2 (On record - 10:00 a.m.) 3 COMMISSIONER CHMIELOWSKI: Good morning. I 4 will call this hearing to order. It is approximately 5 10:00 a.m. on Tuesday, September 9th, 2025. This is a 6 public hearing on docket number AEO-25-002. By letter 7 received on July 21st, 2025, Hilcorp Alaska, LLC, filed 8 an application to revise Aquifer Exemption Order 2 with 9 the Alaska Oil and Gas Conservation Commission. I am 10 Commissioner Jessie Chmielowski and with me is 11 Commissioner Greg Wilson. Today's hearing is being 12 held in person and via Microsoft Teams. The in person 13 location is the Alaska Oil and Gas Conservation 14 Commission office at 333 West 7th Avenue, Anchorage, 15 Alaska. For those on Teams please be mindful of any 16 background noise and make sure you are muted when 17 you're not testifying or addressing the AOGCC. 18 If you require any special accommodation please 19 contact Samantha Coldiron, she can be reached at 907- 20 793-1223 or send her a message through the Microsoft 21 Teams chat icon and she will do her best to accommodate 22 you. 23 Samantha Coldiron will be recording the 24 hearing, Computer Matrix will be preparing the 25 transcript. Upon completion and preparation of the AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 4 1 transcript anyone desiring a copy will be able to 2 obtain it by contacting Computer Matrix. 3 This hearing is being held in accordance with 4 Alaska statute 44.62 and 20 AAC 25.540 of the Alaska 5 Administrative Code. The notice of hearing was 6 published on the state of Alaska Online Notices website 7 as well as the AOGCC's website and was sent through the 8 AOGCC email listserv on July 29th, 2025. The AOGCC 9 also published the notice in the Anchorage Daily News 10 on July 30th, 2025. To date the AOGCC has received no 11 public comments on this matter. 12 Now some background. An aquifer is an 13 underground body of water, saturated rock or sediments 14 that can store and/or transmit water. Regulations 15 allow the United States Environmental Protection Agency 16 or EPA and the state of Alaska to exempt an aquifer or 17 a portion of an aquifer that does not currently serve 18 as a source of drinking water if it will not serve as a 19 source of drinking water in the future or if it meets 20 other criteria such as the natural presence of 21 hydrocarbons, existing contamination or elevated 22 dissolved solid concentration. An order granting an 23 exemption allows an underground aquifer or a specified 24 portion of an aquifer to be used for oil or gas related 25 production, injection or disposal purposes in AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 5 1 compliance with EPA's requirements under the Safe 2 Drinking Water Act and the state of Alaska regulations. 3 The AOGCC regulation for freshwater aquifer 4 exemption is 25 -- is 20 ACC 25.440. 5 The Commissioners will ask questions during 6 testimony. We may also take a recess to consult with 7 Staff to determine whether additional information or 8 clarifying questions are necessary. 9 Representatives from Hilcorp, are you ready to 10 make your presentation? 11 (No audible response) 12 COMMISSIONER CHMIELOWSKI: I will now swear in 13 the witnesses. Will all of you please raise your right 14 hands and respond. 15 (Oath administered) 16 (No audible response) 17 COMMISSIONER CHMIELOWSKI: Okay. Let the 18 record reflect the witnesses all responded in the 19 affirmative. 20 Do any of you presenting today wished to be 21 recognized as experts? 22 (No audible response) 23 COMMISSIONER CHMIELOWSKI: Yes. Okay. So one 24 at a time, make sure your microphone is on, bright 25 green, and speak into the microphone. Please identify AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 6 1 your field of expertise and your credentials. 2 MR. EMERSON: This is Graham Emerson. I'm a 3 geologist, I'd like to be recognized as an expert 4 geologist on the North Slope. I have 18 years of 5 petroleum industry experience as a geologist. I have a 6 master's degree in geology and an undergraduate degree 7 in geology. I've been working on the North Slope for 8 the last 11 years originally for Hill -- originally for 9 BP Exploration and then the last five years on the 10 North Slope for Hilcorp Alaska. 11 COMMISSIONER CHMIELOWSKI: Thank you. 12 MR. MUNDAHL: My name is Eric Mundahl. I'm a 13 registered professional environmental engineer in the 14 state of Alaska. I have a bachelor's of science in 15 environmental engineering from Michigan Technological 16 University. For the last 15 years I have worked in the 17 state of Alaska as an environmental engineer and in my 18 role at Hilcorp I oversee the -- manage the engineering 19 design and regulatory compliance for all the drinking 20 water treatment systems that Hilcorp owns and operates 21 within the state of Alaska including those on the North 22 Slope. 23 COMMISSIONER CHMIELOWSKI: Thank you. 24 MR. WELLMAN: My name is Taylor Wellman. I 25 received my bachelor of science in mechanical AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 7 1 engineering in 2004 from Colorado School of Mines. For 2 the last 21 years I've been working in the petroleum 3 industry with the bulk of that in Alaska with a focus 4 on well integrity, well interventions, completions and 5 production operations. 6 COMMISSIONER CHMIELOWSKI: Thank you. 7 Commissioner Wilson, are you satisfied with the expert 8 credentials as presented or do you have any questions? 9 COMMISSIONER WILSON: No, I'm satisfied. 10 COMMISSIONER CHMIELOWSKI: Great. So you all 11 will be recognized as experts in the fields you 12 identified. 13 Before asking Hilcorp to begin, Commissioner 14 Wilson, do you have any questions. 15 COMMISSIONER WILSON: Not at this time. 16 COMMISSIONER CHMIELOWSKI: All right. So we'll 17 go ahead and get started and as a reminder for those 18 testifying please remember to speak into the 19 microphone. You should sound a little bit louder than 20 maybe you normally speak, but we need to make sure it's 21 captured onto the record. Please reference your slides 22 by number or title so that someone reading the public 23 record can follow along. And then please state your 24 names and job titles clearly for the record. 25 And whenever you're ready please begin. AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 8 1 GRAHAM EMERSON 2 having been first duly sworn under oath, called as a 3 witness on behalf of Hilcorp Alaska, testified as 4 follows on: 5 DIRECT EXAMINATION 6 MR. EMERSON: My name is Graham Emerson. I'm a 7 geologist working the Milne Point field. I'm going to 8 begin this presentation. So we are on the title slide 9 right now. The title of this presentation is Revision 10 of Aquifer Exemption Order 2 in the Milne Point unit, 11 September 9th, 2025. This presentation will be by 12 myself, Graham Emerson and Eric Mundahl as well as 13 Taylor Wellman. 14 Moving on to slide number 2, this is the agenda 15 of our presentation. We'll talk through the existing 16 aquifer exemption order number 2, discuss the proposed 17 revised aquifer exemption order number 2 with some 18 background around that, discuss geology and fluids 19 pertinent to this agenda for Milne Point and then we'll 20 talk about the justification for -- for the revision 21 and expansion of the aquifer exemption order. 22 Moving on to slide number 3, this is -- this is 23 the regulatory framework in -- under which we're -- 24 we're really talking today. This -- the title of this 25 slide Safe Drinking Water Act, underground injection AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 9 1 control. So the purpose of the Safe Drink -- Safe 2 Drinking Water Act is to protect public health by 3 safeguarding underground sources of drinking water and 4 ensure activities such as underground injection or 5 disposal do not endanger drinking water sources. 6 Today we're going to talk about aquifer 7 exemption, specifically talk about aquifer exemption. 8 The Safe Drinking Water Act encompasses injection into 9 aquifers -- not for the aquifer exemption part I talked 10 about injection into aquifers not reasonably expected 11 to serve as a drinking water source. Some of the 12 criteria include depth, salinity, location and 13 practicality of use. I think the aquifer exemption 2 14 allows for development while upholding some of the Safe 15 Drinking Water Act. So that's some of the framework 16 around which we'll -- we'll -- we'll talk today. 17 We'll go on to slide number 4, existing AEOs on 18 the North Slope. Okay. So we'll start with the -- the 19 map in the top left. Just as a quick locator we are 20 talking about an area on the North Slope of Alaska you 21 can see with this slightly larger coastline image here 22 the fields that we're talking about are right on the -- 23 the North Slope with the -- the Beaufort Sea just to 24 the north. Looking down at the bottom right map, it's 25 a little bit clearer and easier to see. This outlines AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 10 1 the -- the main aquifer exemption orders in -- in the 2 area that we're looking at. In blue this is the North 3 Slope coastline here so again to the north is the 4 Beaufort Sea. On this map the red polygon here, this 5 is the Milne Point unit as currently -- the Milne Point 6 unit as of today. Inside of that you'll see the -- the 7 pink color fill here, this represents Milne Point AEO 2 8 currently. The -- the shape of that -- that pink 9 polygon reflects the shape of the Milne Point unit back 10 in 1987 when this exemption order was -- was initially 11 approved. You can see that the Milne Point unit has 12 significantly changed since then. 13 Adjacent to the current AEO 2 boundary to the 14 south and southwest we have the KRU aquifer exemption 15 order boundary in gray. We're surrounded by KRU to the 16 south and southwest and then to the south and southeast 17 we have the Prudhoe Bay unit aquifer exemption order. 18 To just give a little bit of context as to 19 where -- where we sit right now. I'll go onto the next 20 slide. And really this just zooms in a little bit more 21 into our area. You can see the area that -- so the 22 pink AEO does not cover the entire Milne Point unit. I 23 think I've already more or less stated that. I'm going 24 to move on to the next slide. 25 And this really -- so we're now on slide number AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 11 1 6, operator rationale for the aquifer exemption 2 revision. So the revised aquifer exemption will allow 3 Hilcorp Alaska to develop Alaskan resources with 4 reduced operational risk. An example of that right now 5 would be some of our Raven pad drill wells. The 6 intermediate hole that we are drilling requires quite 7 an extensive, large cement job. There's -- there's 8 operational risk around doing that job. Additionally 9 there's additional logging either via tractor 10 operations or pipe conveyed logging operations that's 11 adding additional operational risk in -- in those 12 particular -- those wells. A revised aquifer exemption 13 ensure regulatory uniformity across the North Slope. 14 We've already just shown that there are aquifer 15 exemptions in KRU and Prudhoe Bay unit. We'd like to 16 bring the Milne Point unit into line with -- with those 17 aquifer exemptions. And finally a revised aquifer 18 exemption provides regulatory certainty for Hilcorp and 19 ensures that we have a consistent boundary that's 20 consistent with our aquifer -- excuse me, our area 21 injection order 10D. 22 COMMISSIONER WILSON: On your bullet point 23 number 1, reduced operational risk, you said it 24 requires a large cement job on the intermediate hole. 25 For the record could you elaborate on that just a AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 12 1 little bit? 2 MR. EMERSON: Yeah, I'm actually going to pass 3 over to Taylor Wellman here. 4 MR. WELLMAN: Yes, Taylor Wellman, Milne Point 5 wells manager. As an example on R109 due to the high 6 angle at which we are crosscutting this section in 7 there where the aquifer is we have to bring cement an 8 additional 700 feet TVD higher which translates to a 9 little over 3,000 feet measured depth. So it -- it 10 would increase our cement volume by about 237 barrels 11 needed to achieve this. In doing so what we've seen is 12 some of the lift pressures or the pumping rates and 13 pressures that we are seeing on there while pumping the 14 cement can cause if you go too high can cause the 15 Schrader Bluff or the lower formations to breakdown and 16 lose circulation or fluid loss. With doing this we've 17 had to slow our pump rates, down. We can still achieve 18 the cement tops high enough, but if -- in that well it 19 can risk getting a full bond across the whole section 20 in that area. So it complicates things to a point 21 where we could not -- it could risk us getting cement 22 top high enough. If we can get the cement high enough 23 through there and have to do a remedial job it could 24 end up in losing that section or losing that available 25 well and we'd have to abandon or drill around and AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 13 1 strand some resources of the state in there. 2 Those are a couple of the big ones that we've 3 seen and also, I'm sorry, the assumed -- our assumed 4 washout of these hole sections has been 40 percent so 5 we pump excess cement to account for that. What we've 6 seen on the last few wells is that this has actually 7 been much lower. In doing so what it does is it bring 8 our cement top much higher and closer to the surface 9 casing shoe, something that we'd like to keep open 10 during those operations so that we can get freeze 11 protect into the well later. If the cement comes up 12 too high into the shoe we can put that at risk. 13 COMMISSIONER WILSON: Okay. Thank you. 14 MR. EMERSON: All right. I'm going to carry on. 15 I'm going to move to slide number 7. This is the 16 proposed AEO 2 boundary. So in green, the green 17 colorfill there, that -- this is our proposed AEO 2 18 boundary. The rationale behind the boundary is to 19 encompass the entire Milne Point unit which is that red 20 polygon. As a reminder this will -- this will allow us 21 to cover any future operations in Milne Point as it 22 will be all part of this -- this proposed polygon. 23 Additionally we plan to align the proposed revised 24 boundary polygon to our Milne Point area injection 25 order 10B so that we are aligned with a permit or AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 14 1 order. So the -- the green there will cover the -- the 2 gaps on here in the side area between KRU and Prudhoe 3 and also this southeastern section as well as a large 4 section to the north that's currently under the 5 Beaufort Sea. At this time Hilcorp Alaska 6 intends to drill through the -- the proposed revised 7 boundary. No injection disposal is currently planned 8 in the proposed extended portions of the Milne Point 9 AEO 2. 10 COMMISSIONER CHMIELOWSKI: Thank you, Mr. Emerson. 11 On this slide I thought I would clarify that you have 12 the red Milne Point unit boundary as defined by 13 Department of Natural Resources, correct, and then we 14 have area injection order 10D issued by the AOGCC which 15 is a larger area. And so what your green -- your green 16 polygon is following largely the area injection order 17 10D issued by the AOGCC, correct, which is not defined 18 here, but that's roughly the outline of it, correct? 19 MR. EMERSON: That is correct, yes. 20 COMMISSIONER CHMIELOWSKI: Yes. 21 MR. EMERSON: Yes. The AIO 10D polygon is not 22 shown on this map, but yes, the -- the green proposed 23 would follow the AIO 10D, plus a one-quarter mile 24 buffer which is required by the U.S. EPA. 25 COMMISSIONER CHMIELOWSKI: Great. And then you -- AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 15 1 you state no injection disposal is planned, but normal 2 class II injection per the rest of the field class II 3 operations? 4 MR. EMERSON: That is correct. 5 COMMISSIONER CHMIELOWSKI: Yeah. 6 MR. EMERSON: It would be normal class II 7 operation in the Schrader Bluff interval. I guess to 8 clarify no intention to dispose in any of the 9 freshwater intervals within the expanded boundary is -- 10 is where I was going with that. 11 COMMISSIONER CHMIELOWSKI: Okay. Thank you. 12 MR. EMERSON: Okay. Moving on to slide number 8, 13 this is current AEO 2 type well, Milne Point A01. So 14 this -- this well here, I'm referencing this type well. 15 This is the type well used in the current aquifer 16 exemption order which was approved in 1987. AO1 17 defines the top and the base of the aquifer. The log 18 on the left here there's a gamma ray, you can see 19 there's a range of -- of sands and shales highlighted 20 on that gamma ray. On the right there's a resistivity 21 log. The resistivity log is colored. Green is 22 resistivity more than five ohms and then blue is 23 resistivity less than five ohms. This one here, the 24 top -- top of the aquifer is defined as 2,000 feet TVD. 25 At 2,000 feet TVD this is in the mid Sagavanirktok AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 16 1 sands or mid Sagavanirktok interval. The base of the 2 aquifer is at 4,500 TVD in the -- the schrader sand. 3 4 Our goal is to keep the same definition of the 5 aquifer as is currently in the existing AEO 2. 6 Also worth mentioning on here above the top of the 7 aquifer there are multiple, four or five thick silt and 8 shales are field wide and continuous. They give 9 confidence in, you know, vertical -- vertical barrier 10 between the top of the aquifer and the surface. 11 Additionally the resistivity log here, the -- the 12 -- the base permafrost is interpreted approximately 13 1,700 feet TVD in this -- in this type well. The 14 average base permafrost across Milne Point is around 15 1,600 TVD subsea. We have a large section of frozen 16 interval between the surface and -- and this freshwater 17 interval. 18 The last thing to say on here and it will be 19 relevant when we -- we talk to the next slide which 20 will be a cartoon that I show. You can see that the 21 resistivity log here we go from a SB1 down to UG1. 22 These -- these sands are -- are interpreted as wet 23 through here. You will see that the resistivity drops, 24 you know, from about five ohms to less than five ohms 25 as we go down. We can use petrophysical logs, we can AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 17 1 use the Humble and Archie method to calculate lineacy 2 (ph) from -- from logs with the appropriate log suite 3 and use that -- that calculation to basically calculate 4 or, you know, give a good estimate of the lineacy in -- 5 in Milne Point. And yeah, that's the main reason for 6 showing that. 7 So now I'm going to move on to slide number 9. 8 COMMISSIONER WILSON: I have a..... 9 MR. EMERSON: Sure. 10 COMMISSIONER WILSON: .....question regarding 11 that slide. 12 MR. EMERSON: Yeah. 13 COMMISSIONER WILSON: So for the avoidance of 14 doubt are you defining the interval on a type well, 15 this type well, or are you defining it on depth across 16 the expanded area? 17 MR. EMERSON: It's -- it's on a stratigraphy so it 18 would follow..... 19 COMMISSIONER WILSON: Okay. 20 MR. EMERSON: .....stratigraphy, yes. 21 COMMISSIONER WILSON: All right. Thank you. 22 MR. EMERSON: Yeah. And it -- okay. This is 23 slide number 9, geology and fluid. So what -- okay. 24 So in this first bullet point here the main message 25 here is that the geology and fluids within our proposed AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 18 1 aquifer exemption are an extension of those seen in the 2 existing aquifer exemption order. So as we -- we 3 extrapolate to the north using seismic data we see very 4 similar geology in the overburden. Similarly as we go 5 south we see that. When we look at well logs we see 6 that the geology and fluids are, you know, broadly the 7 same as we move from the existing aquifer exemption 8 order into the -- the proposed expansion. 9 Then we have this -- this cartoon diagram. 10 This cartoon diagram is -- is meant to represent Milne 11 as a whole on average. So there are some average that -- 12 shown on the last. And this cartoon goes from surface 13 down to approximate 4,000 feet TVD subsea. The main 14 stratigraphy that we see on here, we've got the 15 Sagavanirktok in the top, there's what's referred to as 16 Ugnu, Ugnu L and M and then the Schrader. The Schrader 17 down here is the main interval that we are currently 18 developing, you know, that's where the main hydrocarbon 19 development is going on as well as the deeper Kuparuk 20 formation. 21 On this section so that's -- that's the 22 geology. This black arrow here represents the 23 approximate exempted aquifer as defined by type well 24 AO1, it goes approximately from SB 2 down to -- to the 25 Schrader interval. Shown on here is the average base AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 19 1 permafrost of 1,600 feet TVD subsea and then in blue 2 here is the depicted freshwater zone. So freshwater is 3 being defined as less than 10,000 milligrams per liter 4 total dissolved solids. On -- on this cartoon cross 5 section I -- we interpret freshwater from actually the 6 base permafrost sign to maximum depth of the top of the 7 Ugnu L which is this red line shown on this diagram. 8 The base of the freshwater is shown wavy here in this 9 cartoon. As depicted there is some vertical variation 10 in -- in that base of freshwater. 11 As -- as I sort of introduced on the previous 12 slide you can use -- where we have appropriate logging 13 suites we can use petrophysical methods to determine 14 salinity from log. That -- that's the reference to the 15 Humble and Archie method here. In addition we do have 16 sporadic water samples across Milne Point from the 17 eight to 10 water source wells that we have 18 historically and currently produced water from at Milne 19 Point. 20 Last thing to say on here, this is a typical -- 21 this is a car -- a typical three string Schrader well 22 design so we're developing hydrocarbons down here in 23 the Schrader Bluff with some of our three string wells 24 such as the Raven pad wells we referred to previously 25 we sat a surface hole in the lower Sagavanirktok and we AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 20 1 drill a long, intermediate hole that goes down to top 2 -- top of the pay interval, top of the Schrader and 3 then we drill our production lateral from that point 4 on. That just kind of gives you a bit of visual of how 5 our wells are being constructed for those particular 6 wells. 7 The last thing I'll say on here, Eric is about 8 to talk to a third party study down by GV Jones and 9 I'll let him get into the details on that. One of the 10 data points they -- they gave us in their third party 11 report was the average North Slope drinking water well 12 depth of about 120 feet. And the main -- main point to 13 sort of visualize on here is that the -- that the very 14 few North Slope drinking water wells that exist are -- 15 are very shallow with respect to the freshwater 16 interval that we are talking about today. As we'll 17 argue this freshwater is at a depth and location that 18 makes it economically impractical to -- to develop and 19 hopefully this is a visual that's going to help with 20 that. 21 COMMISSIONER WILSON: From the sporadic water 22 samples from the water source wells do you have any 23 with salinities that were less than 3,000 parts per 24 million? 25 MR. EMERSON: Yeah, as -- yep. As -- as shown AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 21 1 in the GV Jones report there is one sample so I am -- 2 I'm looking at the application here, I'm looking at 3 page 11 which is the -- part of the GV Jones report. 4 And within there -- so I think what GV Jones has -- has 5 shown is that the average salinity from all of the 6 water samples is about 3,792 milligrams per liter. 7 Hilcorp has provided -- looking for the data. Yes, 8 there was one sample collected on 5/11/2024 that shows 9 a TDF concentration of 2,916. So to answer your 10 question we do have one sample that would be below the 11 3,000 number that you asked. 12 COMMISSIONER WILSON: Thank you. 13 MR. EMERSON: Yep. 14 COMMISSIONER CHMIELOWSKI: And you said the 15 salinity, is that total dissolved solids because isn't 16 that the measurement we're -- we're thinking of? 17 MR. EMERSON: Yes. Yes. Great clarification. 18 That would -- that would be total dissolved solids. So 19 the -- in the -- in the case of -- in -- in several of 20 these well samples both salinity was measured and total 21 dissolved solids were measured. And yes, that -- that 22 is TDS that we're talking about. 23 COMMISSIONER CHMIELOWSKI: Thank you. 24 MR. EMERSON: All right. Any further questions 25 there before I hand it over to -- to Eric? AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 22 1 (No comments) 2 MR. EMERSON: Okay. 3 ERIC MUNDAHL 4 having been first duly sworn under oath, called as a 5 witness on behalf of Hilcorp Alaska, testified as 6 follows on: 7 DIRECT EXAMINATION 8 MR. MUNDAHL: Eric Mundahl, environmental 9 engineer with Hilcorp speaking. Now that Mr. Emerson's 10 kind of gone over the scope of the proposed aquifer 11 exemption I'd like to touch a bit on the regulatory 12 criteria that would enable this and what Hilcorp 13 believes is justification for this aquifer exemption. 14 During her introduction the Commissioner referenced the 15 federal regulations, specifically title 40 to Code of 16 Federal Regulations 146.4 and that basically allows an 17 aquifer or a portion of aquifer that does meet the 18 definition and criteria for an underground source of 19 drinking water to be determined as an exempted aquifer. 20 And there are specific criteria that Hilcorp has 21 identified that we believe do justify our request and 22 those are specifically (a), that the aquifer in 23 question does not serve as a source of drinking water 24 and (b) that it cannot now and will not in the future 25 serve as a source of drinking water because one of four AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 23 1 options. Hilcorp has identified option (2) in that it 2 is situation at a depth or location which makes 3 recovery of water for drinking water purposes 4 economically or technologically impractical. It was 5 also identified as you can see that the total dissolved 6 solids content of the groundwater on average is more 7 than 3,000 and less than 10,000 milligrams per liter 8 and therefore it's not reasonably expected to supply 9 public water. 10 Moving to slide 11, the state of Alaska also 11 has what you'll identify as very similar sounding 12 regulations in title 20 of the AAC 25.440 and again 13 Hilcorp has identified the specific criteria that we 14 believe are applicable. It will sound repetitive, but 15 (1), it says not currently serve as a source of 16 drinking water and cannot now and will not in the 17 future serve as a source of drinking water because it's 18 situated at a depth or location which make recovery of 19 water economically impractical. And again total 20 dissolved solids content is between 3,000 and 10,000 21 milligrams per liter. 22 So moving to slide 12 is ultimately our 23 demonstration of this applicability. To demonstrate 24 this Hilcorp contracted GV Jones and Associates to 25 basically show that the proposed aquifer exemption AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 24 1 meets the criteria at this driving regulation. GV 2 Jones and Associates is an engineering consulting firm 3 located in Anchorage, Alaska. They specialize in the 4 scoping, design and development of drinking water 5 treatment systems. They work with both public water 6 systems, private water systems and those might consist 7 of communities or industrial facilities such as oil and 8 gas facilities. They work throughout Alaska, 9 throughout the continental U.S. and actually 10 internationally as well. GV Jones has extensive 11 experience in design and source water assessment on the 12 North Slope specifically in and around the area of our 13 proposed aquifer exemption. So they're very familiar 14 with the region. 15 As part of their demonstration of this GV Jones 16 utilized EPA guidance in their evaluation. That 17 guidance that they utilized specifically was the EPA 18 memo, guidance review and approval of the state 19 underground injection control program and revisions to 20 state programs, groundwater protection guidance number 21 34, specifically attachment three, guidelines for 22 reviewing aquifer questions or requests. They also 23 utilized the 2014 EPA memo, enhancing coordination and 24 communication with state on review and approval of 25 aquifer exemptions left under the Safe Drinking Water AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 25 1 Act. 2 So with that we're moving to slide 13. 3 Ultimately GV Jones was able to determine or make the 4 determination that the proposed aquifer exemption does 5 meet the criteria as described in both the state and 6 federal regulations. And their determination is 7 because it does not serve as a source of drinking 8 water, it cannot now and will not in the future serve 9 as a source of drinking water because it is situated at 10 a depth or location which makes the recovery of water 11 for drinking water purposes economically or 12 technologically impractical and the TDS content of the 13 groundwater is more than 3,000 and less than 10,000 14 parts per million. 15 Now what I'd like to go through is each one of 16 these criteria one by one and show how GV Jones made 17 the determinations for each of those decisions. 18 So moving to slide 14 the first criteria. It 19 does not serve as a source of drinking water. What GV 20 Jones wanted to demonstrate was that the aquifer 21 exemption that we have proposed does not currently 22 provide drinking water to any entity. GV Jones 23 utilized publicly available databases from the state of 24 Alaska and also privately available data and ultimately 25 found that there are no drinking water source wells AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 26 1 located within the proposed aquifer and that includes 2 both the vertical and horizontal extents of the 3 proposed aquifer exemption. 4 What they then did is they wanted to look at 5 nearby potential sources. And with nearby it's a very 6 relative term in this sense because they looked at the 7 entire North Slope area and that's functionally 94,000 8 square miles. Just as comparison that's roughly 9 equivalent to the area of the entire state of Oregon. 10 And so it's a large area. In that area GV Jones only 11 identified that 22 water wells exist. Of those 22 12 water wells only 10 serve as public water system 13 sources. Also of the 22 10 of those wells are owned 14 and operated by Hilcorp. Specifically those wells 15 would be at the Oliktok Point, Oooguruk and Spy Island 16 facilities. Those are respectively located between one 17 and 11 miles away from aquifer exemption boundary that 18 we are proposing. Two other wells that they located 19 were associated with Alyeska pump station, those were 20 respectively 30 and 110 miles away from the boundary. 21 The only community groundwater well that they 22 identified within that 94,000 square mile area was in 23 the community of Anaktuvuk Pass located approximately 24 170 miles south of the proposed aquifer exemption area. 25 AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 27 1 So realistically there were very, very few 2 groundwater sources utilized which brought GV Jones to 3 ask what -- what are people using for drinking water on 4 the North Slope, specifically the communities. So they 5 looked at different communities, the nearest being 6 Nuiqsut 34 miles away. They also looked at the 7 communities of Utqiagvik, Atqasuk and Kaktovik. All 8 were between 140 and 180 miles away. All of the 9 communities on the North Slope by large utilize surface 10 water. Simply the North Slope also consists mostly of 11 public water systems, there are very few private water 12 systems. So a public water system in this case would 13 either be a community or a commercial industrial 14 facility. The private water systems that we commonly 15 envision in the United States would be a single family 16 home with a well, those simply don't exist on the North 17 Slope. The vast majority of the population does reside 18 in the small community. 19 So moving to slide 15 GV Jones then again 20 expanded their criteria in looking at where are water 21 sources and where are groundwater sources utilized in 22 Alaska. And so they actually identified all 1,041 23 public drinking water wells throughout the state of 24 Alaska. And the information they found was quite 25 interesting. The average depth of a well in the state AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 28 1 of Alaska is about 160 feet. The deepest well that is 2 used as a drinking water source in the state of Alaska 3 is 1,440 feet. The deepest on the North Slope is only 4 about 170 feet. What they thought was quite important 5 was that there are no drinking water wells in the 6 entire state of Alaska that reach a depth of 2,000 TVD 7 which is the upper boundary of the proposed aquifer 8 exemption. They also noted that the presence of 9 permafrost that exists from the shallow overburden is 10 at a depth of 1,600 TVD is present across the Milne 11 Point area. And that permafrost generally prevents the 12 development and operation of any shall groundwater 13 wells within the North Slope region. Any that are 14 present are generally have a surface water influence of 15 some sort or are located outside of the coastal plain 16 where that continuous permafrost is not present. 17 So given all this information what GV Jones was 18 able to determine was that our aquifer that we're 19 requesting this exemption for does not serve as a 20 source of drinking water. 21 In the next slide section 16 or page 16, GV 22 Jones then looked at the second criteria is that this 23 aquifer does not and will not serve as a source of 24 drinking water because it is situated at a depth or 25 location that makes recovery of water for drinking AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 29 1 water purposes economically or technically impractical. 2 So GV Jones had just found out that basically everyone 3 on the North Slope uses surface water that's primarily 4 from lakes or rivers in the region. And those were 5 those different communities, it was also the industrial 6 commercial facilities that might be Prudhoe Bay, 7 Kuparuk, Alpine, Milne Point, all those facilities 8 utilize surface water sources for their drinking water 9 systems. There are several facilities on the North 10 Slope that also utilize either seawater or shallow 11 groundwater that's influenced by seawater and those 12 would be I think like North Star Island or Spy Island. 13 Those facilities would use the desalination system of 14 course. As it turned out the only community in the 15 entire 94,000 square miles to utilize groundwater was 16 Anaktuvuk Pass which is located 170 miles south of the 17 proposed aquifer exemption and is located at an 18 elevation of 2,200 feet versus the near sea level of 19 Prudhoe Bay. So it's outside of that continuous 20 permafrost zone, outside of the coastal plain and just 21 in a much different environment. 22 So GV Jones is saying everyone on the North 23 Slope by and large utilizes surface water. Why do they 24 utilize surface water, why isn't groundwater even 25 considered. And so what they then did was began to AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 30 1 look at each of the different types and sources of 2 drinking water that are in play. Surface water, 3 freshwater from lakes and rivers, you have seawater 4 source utilizing desalination, a deep water well which 5 in this case would be considered a well drilled to the 6 depths of the proposed exempted aquifers so greater 7 than 2,000 TVD which they noted would be deeper than 8 any existing drinking water well in the state of 9 Alaska. And then finally they also looked at shallow 10 groundwater well although they noted that this type of 11 well simply really is not prevalent in the North Slope 12 and they also looked at the option of trucking or 13 hauling water from an alternative source to a 14 destination. For each type of these source waters GV 15 Jones assessed the basic treatment requirements that 16 are regulated through either the state or federal 17 regulations for a given source water type and 18 necessary. So what they did is they looked at things 19 like pumping and supply, filtration, disinfection, 20 reverse osmosis, distribution, really whatever was 21 necessary to bring that water to a customer in order to 22 basically supply safe drinking water. And with that 23 what they did is a front end engineering design 24 practice that they do whenever they are basically 25 developing a new drinking water system or upgrading the AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 31 1 existing system. So this is a typical value 2 engineering operation that they do on a day to day 3 basis. So what they did is they were able to find the 4 initial installation (indiscernible) for each type of 5 system as well as the routine operating cost on a per 6 1,000 gallon basis. So as I'll note here on the slide 7 for their surface water, typical surface water source, 8 they found an initial upfront cost of about $1.6 9 million. For a seawater source it's a little bit more 10 expensive with a desalination unit of $2.5 million. 11 When they looked at a deep water well, so a well to the 12 extent of the aquifer we're looking at and this case 13 assumed a very low total dissolved solids and no 14 hydrocarbon content, they found a cost -- capital cost 15 of about $5.7 million. If they looked at a highly 16 saline deep well or a well with a hydrocarbons 17 contamination that capital cost went up to $9.9 18 million. They also noted about $500,000 for a shallow 19 well, but again those types of wells really are not 20 prevalent. 21 COMMISSIONER CHMIELOWSKI: Excuse me. And that 22 shallow well you're talking about is like a homeowner 23 well? 24 MR. MUNDAHL: That would be a typical homeowner 25 well..... AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 32 1 COMMISSIONER CHMIELOWSKI: Right. 2 MR. MUNDAHL: .....but with increased cost for 3 mobilizing a driller to the North Slope. 4 COMMISSIONER CHMIELOWSKI: Right. Thanks. 5 MR. MUNDAHL: As far as operating costs on a 6 per thousand gallon basis, $84 for a thousand gallons 7 for surface water, 94 for seawater. When we get up to 8 those deep wells it does increase substantially to 9 about 131 to $154 per 1,000 gallons. That shallow well 10 again much, much cheaper, about 70 cents per gallon. 11 And then they also evaluated the option of trucking 12 water the North Slope Borough treatment center at 13 service area 10 to the community of Nuiqsut at $127 per 14 thousand gallons. 15 So what they ultimately were able to determine 16 here and what was obvious in the numbers to them was 17 that the capital costs for utilizing surface water was 18 about three and a half times cheaper than drilling a 19 deep well. Those operating costs similarly were about 20 one and a half time cheaper for you to liken to surface 21 water than drilling a deep well. So as far as an 22 operational standpoint it really made sense why all the 23 communities and all the other entities within the North 24 Slope region are utilizing surface water and not trying 25 to deal to this depth for water. It's just AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 33 1 economically prohibitive. 2 Moving on to slide 18, because the criteria 3 says cannot now and cannot in the future serve as a 4 source of water GV Jones also wanted to identify 5 potential future water supply needs on the North Slope 6 Borough. To do this they utilized the North Slope 7 Borough Comprehensive Plan, 2019 to 2039. That plan 8 basically utilized growth -- population growth models 9 within the region, it also assessed utility needs, 10 particularly water demand needs for the region in 11 association with those growth models. What that plan 12 stated and what GV Jones observed was that even the 13 most aggressive population growth models presented 14 there were no concerns with water availability for 15 drinking water within the region. The plan also 16 identified potential alternative sources for drinking 17 water in the event that the current surface water 18 sources were not available. What was interesting was 19 those alternative sources were simply alternative 20 surface water sources. At no point did they really 21 even consider a deep groundwater option typically 22 because it was economically prohibitive. 23 COMMISSIONER CHMIELOWSKI: So they don't expect 24 a large migration to the North Slope, huh? 25 MR. MUNDAHL: Not at this time. AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 34 1 COMMISSIONER CHMIELOWSKI: Okay. 2 MR. MUNDAHL: I mean, I think they're 3 projection for 2035 was an increase of less than 2,000 4 people. So unfortunately the North Slope is not a 5 growing population center at this time. 6 So ultimately with these determinations what 7 they were able to find was that this aquifer in 8 question cannot now and will not in the future serve as 9 a source of drinking water because it is situated at a 10 depth or location which makes recovery of water for 11 drinking water purposes economically impractical. 12 The final criteria that GV Jones assessed was 13 the -- on -- described on slide 19 here as basically 14 the total dissolved solids content of the groundwater 15 is more than 3,000 and less than 10,000 milligrams per 16 liter. GV Jones reviewed all available well data 17 through 2024 and they found that the average total 18 dissolved solids concentration within the proposed 19 aquifer exemption was 3,621 milligrams per liter. 20 Given that they did make the determination that the 21 content of the groundwater was more than 3,000 and less 22 than 10,000 parts per million and therefore would not 23 be (indiscernible - distortion). 24 Slide 20. So in summary GV Jones determined 25 that the proposed aquifer exemption did meet both the AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 35 1 federal and state criteria that were described in 40 2 CFR and section 20 of AAC because it does not currently 3 serve as a source of drinking water. They demonstrated 4 there are no current wells anywhere inside or even 5 nearby are (indiscernible - distortion). It cannot now 6 and will not in the future serve as a source of 7 drinking water simply because it is located at a depth 8 that is economically impractical. Those cost 9 differentials between a surface water that was commonly 10 used and a deep well into this aquifer are just 11 prohibitively different and GV Jones really 12 demonstrated that this was just not a viable option. 13 And finally the TDS of the groundwater was more than 14 3,000 on average and less than 10,000 and it would not 15 be expected to supply a public water system. 16 So ultimately Hilcorp has concurred with this 17 determination and based on these criteria we are 18 requesting that this aquifer exemption be granted. 19 Any questions? 20 COMMISSIONER WILSON: I have none at this time. 21 COMMISSIONER CHMIELOWSKI: On your sampling 22 data for these total dissolved solids does it change 23 airly like for example do the salinities or total 24 dissolved solids become less going towards the 25 northwest, are there any -- are there any regional AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 36 1 trends that you're aware of? 2 MR. EMERSON: Graham Emerson speaking. The 3 data is pretty concentrated so for example there are 4 four water source wells that are always at about 2,000 5 feet. So you've got very sporadic -- the data's kind 6 of concentrated, I have been unable to really come up 7 with any trends, like geographical trends based on the 8 -- the water source, the samples that we have. 9 COMMISSIONER CHMIELOWSKI: Okay. So just to 10 clarify there's no known change in the fresh -- 11 freshness of the water throughout this proposed aquifer 12 exemption? 13 MR. EMERSON: That is correct. The -- you can -- 14 so in a geographical sense I have no information to 15 say I think it's fresher in one direction versus the 16 other. 17 COMMISSIONER CHMIELOWSKI: Okay. 18 MR. EMERSON: Correct. 19 COMMISSIONER CHMIELOWSKI: Thank you. And I 20 have a question about the proposed depth, the depth of 21 this proposed expansion. And so I think I understood 22 from the old aquifer exemption that it was a fixed 23 depth, 2,500 to 4,000, but it sounds like I'm hearing 24 you say you want it based off of stratigraphy so it 25 would not be a fixed depth then across the area. Could AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 37 1 you just clarify which -- which -- what we're talking 2 about? 3 MR. EMERSON: Yeah, I mean, really for the -- 4 this is Graham Emerson speaking here. For simplicity I 5 -- we were thinking keeping the same definition was a 6 simpler option. My understanding is the way that the 7 definition is written in the current aquifer exemption 8 order is that it -- it's a stratigraphic equivalent of, 9 you know, correlation base from Milne Point AO1 type 10 well. 11 COMMISSIONER CHMIELOWSKI: Okay. 12 MR. EMERSON: So as I understand it, you know, 13 or across Milne Point the structure changes a little 14 bit, but on average, you know, the depths aren't 15 changing considerably, the Milne Point structure is a 16 very lightly (indiscernible - distortion) northeast. 17 As I understand the definition we -- we are compare -- 18 we are extrapolating stratigraphically away from the 19 AO1 type well. 20 COMMISSIONER CHMIELOWSKI: Okay. So while it 21 could be 2,500 to 4,000 in the type well it could be 22 2,000 to 3,500 someplace else? 23 MR. EMERSON: It could change..... 24 COMMISSIONER CHMIELOWSKI: Okay. 25 MR. EMERSON: .....a little bit, that is AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 38 1 correct, but nothing of any real magnitude. 2 COMMISSIONER CHMIELOWSKI: Great. Okay. Thank 3 you. 4 Any other questions, Commissioner Wilson, right 5 now? 6 COMMISSIONER WILSON: None from me. 7 COMMISSIONER CHMIELOWSKI: Okay. I think we're 8 going to take a quick recess just to confer and make 9 sure we have everything we need on the record. So the 10 time is 10:50 and we will convene at 11:10. Thank you. 11 12 (Off record - 10:50 a.m.) 13 (On record - 11:10 a.m.) 14 COMMISSIONER CHMIELOWSKI: All right. The time 15 is 11:10 and we're back on the record. 16 Can we go to slides 8 and 9 please, I had a 17 question about surface casing setting depth. So we 18 have a cartoon drawing on slide 9 once you get there. 19 And we talked about average base of permafrost at about 20 1,600 feet, but then in your type well the top of the 21 aquifer exemption will start at 2,000 so there's 22 potentially somewhat of a gap between base of 23 permafrost and the start of this aquifer exemption. So 24 I'm wondering where are you setting surface casing, 25 what's your well completion, you know, casing and AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 39 1 cementing plan if there's a gap like that? 2 MR. WELLMAN: Taylor Wellman, wells manager. 3 So yes, multiple wells through time, through the '80s 4 and '90s up to now have on the three string designs 5 have set short through there just getting through the 6 permafrost. And then that second string taking it 7 further down. As those have the aquifer exemption in 8 there they did leave that gap uncemented in between the 9 fresher water and the more saline water in there. The 10 standard practices from those have been mainly faced 11 around hydrocarbon bearing and in 20 AAC 30.D.4 and 5, 12 to get the 250 feet TVD or 500 feet measured depth 13 above the hydrocarbon bearing zones isolating them from 14 that section. We'd be looking to do something similar 15 on our -- our wells in this development area as well of 16 if it's a two string design well what that would take 17 is that surface casing goes all the way down into the 18 Schrader Bluff and then brings cement all the way 19 across that. But with these wells that depth for that 20 length is more in the 12,000ish feet measured depth. 21 That's a long way to go and a long time to keep that 22 section open in a single go. So that's where breaking 23 it into sections for the surface casing and setting 24 that at about at just below the permafrost depth and 25 then bringing the next section further down. AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 40 1 COMMISSIONER CHMIELOWSKI: So on the three 2 string design it sounds like if the surface casing is 3 set just below the base of permafrost there could be 4 several -- a couple hundred feet of freshwater that is 5 uncemented and is not part of an aquifer exemption, is 6 that what you're saying? 7 MR. WELLMAN: And there -- there could be in 8 that. In the northwestern Milne Point regional area 9 there have been many wells located in the existing 10 Milne Point area mainly around F pad in there and in 11 the aquifer exemption a current AEO 2 area and then 12 also in the Kuparuk River unit also applied by their 13 aquifer exemption that have left this section open. 14 COMMISSIONER WILSON: So based either 15 operationally or based on the economic considerations 16 that you've gone through here, do you see any reason 17 why you wouldn't want an aquifer exemption to the base 18 of permafrost? 19 MR. EMERSON: This is Graham Emerson. I -- no. 20 Again really the -- so I guess just to follow-up on 21 Taylor's -- your original question, Jessie, or 22 Commissioner, future -- current well design -- if we 23 plan a well today to drill as a three string well we're 24 setting it in the lower SB1. So if you look at the 25 little cartoon here that will be -- if you think about AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 41 1 the stratigraphic equivalent of type well AO1 and 2 that's going to be set within the freshwater and we 3 will cement to surface and so we should -- and again 4 right in that little gap that I think you were maybe 5 asking about yes, I -- I've lost my train of thought on 6 the other part, but..... 7 COMMISSIONER CHMIELOWSKI: It was exemption to 8 the base of permafrost. 9 MR. EMERSON: Oh, yes. Yes. Honestly the -- 10 looking at the existing definition it seemed easier 11 just to keep with that definition. The way that we 12 planned that surface casing is going to be that we're 13 going to -- the lower SC1 is typically where we've been 14 setting surface casing so I feel confident we're going 15 to have surface casing below the top of the freshwater 16 basically. 17 COMMISSIONER CHMIELOWSKI: Thank you. So I'm 18 going to -- just to repeat what I'm hearing you're 19 saying that starting today the wells that Hilcorp is 20 drilling, surface casing will be set about the SC1 21 which will not leave any freshwaters uncased, 22 uncemented and not exempted, correct? 23 MR. EMERSON: That is correct. 24 COMMISSIONER CHMIELOWSKI: Okay. 25 MR. EMERSON: But -- yeah, exactly. AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 42 1 COMMISSIONER CHMIELOWSKI: Thank you. 2 COMMISSIONER WILSON: So I guess essentially 3 there -- there's no request to extend the exemption to 4 the base of the permafrost? 5 MR. EMERSON: This is Graham Emerson speaking. 6 I mean, with the -- my knowledge of the three string 7 wells that we drill at Milne Point which are relatively 8 few for the Schrader Bluff from a kind of geological 9 operational point of view setting in the lower SC1 is a 10 suitable place to set surface casing. I think that 11 will cover us for any -- you know, I don't think that's 12 going to give us any gaps between say the permafrost 13 and the freshwater. 14 COMMISSIONER CHMIELOWSKI: Thank you. And, Mr. 15 Wellman, you're in agreement with that, sounded like I 16 heard something a little bit different from you maybe 17 base -- based on older wells, but Hilcorp's current 18 well there will not be a clinical gap potentially 19 between the base of permafrost and top of the aquifer 20 exemption uncemented? 21 MR. WELLMAN: This is Taylor Wellman. Yes, 22 from -- moving forward to that would be kind of our 23 design that we would be kind of going with. I don't 24 see anything operationally why we couldn't request to 25 go higher, but this is our current design where we're AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 43 1 going to go with it, but in history of wells that are 2 in the current areas for AEO 2 I can't say that they 3 all meet that same criteria. 4 COMMISSIONER CHMIELOWSKI: Thank you. 5 COMMISSIONER WILSON: Yeah, and what it would 6 take I guess is a detailed map on base permafrost over 7 the entire area where you have a certain amount of 8 confidence that it's not going to take you out of the 9 economic considerations that you've already presented? 10 MR. WELLMAN: The -- that would be correct. I 11 could still feel pretty confidence in saying that any 12 well depth of a thousand feet or more would probably 13 put us into that same region, but we'd have to really 14 take a look at that and look at the depth of what that 15 permafrost region, look regionally to make that full 16 statement. 17 COMMISSIONER CHMIELOWSKI: Anymore questions, 18 Commissioner Wilson? 19 COMMISSIONER WILSON: No, I have none. 20 COMMISSIONER CHMIELOWSKI: All right. So now I 21 would like to offer to any member of the public the 22 opportunity to testify, provide comments. Based on the 23 sheet here no one in the room has indicated that wish 24 to comment, but I'm just going to glance around, see if 25 anybody's changed their mind. AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 44 1 (No comments) 2 COMMISSIONER CHMIELOWSKI: All right. 3 Samantha, do we have anyone on Teams at all? 4 MS. COLDIRON: One person. 5 COMMISSIONER CHMIELOWSKI: One person on Teams 6 from DNR. Okay. Is there anyone on Teams who would 7 like to comment. On Teams the code to unmute is star 8 six. If you need to reach Samantha Coldiron she can be 9 reached at 907-793-1223 or call the main number at 907- 10 279-1433. And we will pause to allow that person to 11 unmute if necessary. 12 (No comments) 13 COMMISSIONER CHMIELOWSKI: Okay. She's 14 confirmed she does not wish to testify. 15 So therefore hearing no other business, 16 Commissioner, is there any reason to keep the record 17 open that you can think of? 18 COMMISSIONER WILSON: I can think of nothing. 19 COMMISSIONER CHMIELOWSKI: Okay. Great. So 20 hearing no other business the time is 11:19 and this 21 hearing is adjourned. 22 Thank you. 23 (Hearing adjourned - 11:19 a.m.) 24 (END OF REQUESTED PORTION) 25 AOGCC 9/9/2025 ITMO: HILCORP ALASKA'S REQUEST FOR AN ORDER DOCKET No. AEO-25-002 329 F Street, Ste. 222., Anch. AK 99501 Fax: 907-243-1473 Email: sahile@gci.net Computer Matrix, LLC Phone: 907-227-5312 Page 45 1 C E R T I F I C A T E 2 UNITED STATES OF AMERICA ) )ss 3 STATE OF ALASKA ) 4 I, Salena A. Hile, Notary Public in and for the 5 state of Alaska, residing in Anchorage in said state, 6 do hereby certify that the foregoing matter Docket 7 number: AEO-25-002 was transcribed to the best of our 8 ability; 9 IN WITNESS WHEREOF I have hereunto set my hand 10 and affixed my seal this 28th day of September 2025. 11 12 ___________________________________ Salena A. Hile 13 Notary Public, State of Alaska My Commission Expires: 09/16/2026 14 15 16 17 18 19 20 21 22 23 24 25 Agenda 2 • Existing AEO 2, Proposed Revised AEO 2 and background. • Geology and Fluids. • Revision/Expansion Justification. 3 Safe Drinking Water Act (SDWA) – Underground Injection Control Purpose • Protect public health by safeguarding underground sources of drinking water (USDWs). • Ensure activities like underground injection or disposal do not endanger drinking water sources. UIC Program • Regulates injection wells under six classes, tailored by risk/purpose. • Defines USDW: aquifers of specific qualities capable of supplying drinking water. • Core principle: protection, not prohibition of underground injection. Aquifer Exemptions • Allow injection into aquifers not reasonably expected to serve as a drinking water source. • Criteria include depth, salinity, location, and practicality of use. • Enables development (e.g., energy projects) while upholding SDWA protections. Existing AEO’s on the North Slope 4 Beaufort Sea LEGEND Beaufort Sea Existing AEO 2 Boundary LEGEND Operator Rationale for AE Revision • A revised AE will allow Hilcorp Alaska, LLC to develop Alaskan resources with reduced operational risk. • A revised AE ensures regulatory uniformity across North Slope fields (similar exemptions already granted at Prudhoe Bay and Kuparuk River Unit). • A revised AE provides regulatory certainty for Hilcorp and ensures that AEO 2 is consistent with AIO 10D and EPA’s ¼ mile buffer. 6 Proposed AEO 2 Boundary 7 • Proposed revised MPU AEO 2 Boundary aligns with the Area Injection Order 10D (Milne leases only) plus 1/4 mile buffer as required by EPA. • Hilcorp Alaska, LLC intends to drill through the Proposed Revised MPU AEO 2 Boundary. No injection disposal is currently planned into the proposed expanded portions of MPU AEO 2. Beaufort Sea 8 • The stratigraphy defining the Top and Base of the exempted aquifer zone is proposed to remain the same as current AEO 2. • This is defined as 2000 to 4500 feet total vertical depth (TVD) for Top and Base, respectively, as depicted in well MPA-01 (API 500292037600). • Multiple thick, continuous marine shales exist Milne wide above the top of the aquifer. In addition to having permafrost down to average depth of -1600’TVDss. Current AEO 2 Type Well (MPA-01) Geology and Fluids • The geology and fluids within the proposed AE are an extension of those seen in the existing AEO 2. 9 Regulatory Criteria for Exempted Aquifers: 40 Code of Federal Regulations 146.4 10 10 11 Regulatory Criteria for Exempted Aquifers: 20 Alaska Admin Code 25.440 12 Demonstration of Applicability • Hilcorp contracted GV Jones & Associates to demonstrate the proposed AE meets the criteria described in regulation. • GV Jones & Associates in an engineering consulting firm based in Anchorage, Alaska specializing in design of drinking water treatment systems. • GV Jones utilized U.S. EPA guidance to evaluate the applicability of the proposed AE to the regulatory criteria. 13 Demonstration of Applicability • GV Jones determined the proposed AE meets criteria as described in 40 CFR 146.04 and 144.7 because: a) It does not serve as a source of drinking water; and b) It cannot now and will not in the future serve as a source of drinking water because: 2) It is situated at a depth or location which makes recovery of water for drinking water purposes economically or technologically impractical. c) The TDS content of the groundwater is more than 3,000 and less than 10,000 mg/L and it is not reasonably expected to supply a public water system. 14 • No drinking water source wells within the proposed aquifer exemption area. • On North Slope (94,000 square mile area) • Only 22 water wells exist. • Nearly all drinking water systems utilize surface water sources. • Primarily Public Water Systems – few private water systems. Data provided by GV Jones & Associates, Inc. July 10, 2025 Report: AE Request Supplemental Support Document 40 CFR 146.4 / 20 AAC 25.440 Criteria for exempted aquifers: (a) It does not serve as a source or drinking water 15 • Of the 1,041 public drinking water wells in Alaska • Average depth: 159 feet • Maximum depth: 1,440 feet • Second Deepest: 933 feet • Deepest on North Slope: 171 feet • No drinking water source wells in Alaska reach a depth of 2,000’ TVD, the upper boundary of the proposed AE. • Permafrost exists from shallow overburden to an average depth of 1,600’ TVD across the Milne Point Unit. 1) It does not serve as a source of drinking water Data provided by GV Jones & Associates, Inc. July 10, 2025 Report: AE Request Supplemental Support Document 40 CFR 146.4 / 20 AAC 25.440 Criteria for exempted aquifers: (a) It does not serve as a source or drinking water 16 • Majority of Drinking Water Sources in the region are surface water – lakes or rivers. • Seawater or shallow groundwater influenced by seawater also utilized. • Groundwater as a drinking water source is extremely limited. • On Coastal Plain, shallow groundwater is rare or non- existent due to permafrost. Data provided by GV Jones & Associates, Inc. July 10, 2025 Report: AE Request Supplemental Support Document 40 CFR 146.4 / 20 AAC 25.440 Criteria for exempted aquifers: It is situated at a depth or location that makes recover of water for drinking water purposes economically or technically impractical 17 • Sources of drinking water evaluated: • Surface water (Freshwater – lakes or rivers) • Seawater (desalination) • Deep Well Water • Shallow Well – Groundwater • Trucked/Hauled Water Data provided by GV Jones & Associates, Inc. July 10, 2025 Report: AE Request Supplemental Support Document 40 CFR 146.4 / 20 AAC 25.440 Criteria for exempted aquifers: It is situated at a depth or location that makes recover of water for drinking water purposes economically or technically impractical 18 • Future Water Supply Needs: • NSB Comprehensive Plan (2019-2039) projected 8,356 residents in 2017 will grow to 10,593 residents in 2035. These projections are within the existing water supply system capabilities. Data provided by GV Jones & Associates, Inc. July 10, 2025 Report: AE Request Supplemental Support Document 40 CFR 146.4 / 20 AAC 25.440 Criteria for exempted aquifers: It is situated at a depth or location that makes recover of water for drinking water purposes economically or technically impractical b) It cannot now and will not in the future serve as a source of drinking water because: 2) It is situated at a depth or location which makes recovery of water for drinking water purposes economically or technologically impractical. 19 40 CFR 146.4 / 20 AAC 25.440 Criteria for exempted aquifers: The TDS content of the groundwater is more than 3,000 and less than 10,000 mg/L • From all available well data through 2024: • Average Total Dissolved Solids (TDS) concentration within the proposed AE is 3,621 mg/L. c) The TDS content of the groundwater is more than 3,000 and less than 10,000 mg/L and it is not reasonably expected to supply a public water system. Data provided by GV Jones & Associates, Inc. July 10, 2025 Report: AE Request Supplemental Support Document 20 Summary • GV Jones determined the proposed AE meets criteria as described in 40 CFR 146.04 and 144.7 because: a) It does not serve as a source of drinking water; and b) It cannot now and will not in the future serve as a source of drinking water because: 2) It is situated at a depth or location which makes recovery of water for drinking water purposes economically or technologically impractical. c) The TDS content of the groundwater is more than 3,000 and less than 10,000 mg/L and it is not reasonably expected to supply a public water system. •Hilcorp concurs with this determination and requests the proposed AE be granted based on these criteria. Additional Information Slides 21 Total Dissolved Solids Content 22 3 Notice of Public Hearing STATE OF ALASKA ALASKA OIL AND GAS CONSERVATION COMMISSION RE: Docket Number: AEO-25-002 Hilcorp Alaska, LLC Application for Revision of Aquifer Exemption Order 2, Milne Point Field, Milne Point Unit, North Slope Borough, Alaska Hilcorp Alaska, LLC (Hilcorp), by application dated July 18, 2025, requests the Alaska Oil and Gas Conservation Commission (AOGCC) issue an order to revise the Affected Area for the Milne Point Unit Area (MPU) Aquifer Exemption Order 2 to align with AOGCC’s Area Injection Order 10D only as to that portion which covers the MPU boundary. Hilcorp’s proposed revised Affected Area lies across Alaska’s northern coastline within the North Slope Borough. An aquifer is an underground body of water-saturated rock or sediments that can store and/or transmit water. Regulations allow the United States Environmental Protection Agency (EPA) and the State of Alaska to exempt an aquifer or a portion of an aquifer if it does not currently serve as a source of drinking water, if it will not serve as a source of drinking water in the future, or if it meets other criteria such as the natural presence of hydrocarbons, existing contamination, or elevated dissolved solids concentration. An order granting an exemption allows an underground aquifer or a specified portion of an aquifer to be used for oil- or gas-related production, injection, or disposal purposes in compliance with EPA’s requirements under the Safe Drinking Water Act and State of Alaska regulations. This notice does not contain all the information filed by Hilcorp. To obtain more information, contact the AOGCC’s Special Assistant, Samantha Coldiron, at (907) 793-1223 or samantha.coldiron@alaska.gov. A public hearing on the matter has been tentatively scheduled for September 9, 2025, at 10:00 a.m. The hearing, which may be changed to full virtual, if necessary, will be held in the AOGCC hearing room located at 333 West 7th Avenue, Anchorage, AK 99501. The audio call in information is (907) 202 7104 Conference ID: 705 729 442#. Anyone who wishes to participate remotely using MS Teams video conference should contact Ms. Coldiron at least two business days before the scheduled public hearing to request an invitation for the MS Teams. To request that the tentatively scheduled hearing be held, a written request must be filed with the AOGCC no later than 4:30 p.m. on August 14, 2025. If a request for a hearing is not timely filed, the AOGCC may issue an order without a hearing. To learn if the AOGCC will hold the hearing, call (907) 793-1223 after August 18, 2025. In addition, written comments regarding this application may be submitted to the AOGCC, at 333 west 7th Avenue, Anchorage, AK 99501 or samantha.coldiron@alaska.gov. Comments must be received no later than 4:30 p.m. on September 2, 2025, except that, if a hearing is held, comments must be received no later than the conclusion of the September 9, 2025, hearing. If, because of a disability, special accommodations may be needed to comment or attend the hearing, contact Samantha Coldiron, at (907) 793-1223, no later than September 2, 2025. Jessie L. Chmielowski Gregory C. Wilson Commissioner Commissioner Gregory C. Wilson Digitally signed by Gregory C. Wilson Date: 2025.07.29 09:17:10 -08'00' Jessie L. Chmielowski Digitally signed by Jessie L. Chmielowski Date: 2025.07.29 09:44:07 -08'00' From:Coldiron, Samantha J (OGC) To:AOGCC_Public_Notices Subject:[AOGCC_Public_Notices] Public Hearing Notice (Hilcorp) Date:Tuesday, July 29, 2025 9:50:47 AM Attachments:AEO-25-002 Public Hearing Notice MPU AEO 2 Expansion.pdf Docket Number: AEO-25-002 Hilcorp Alaska, LLC Application for Revision of Aquifer Exemption Order 2, Milne Point Field, Milne Point Unit, North Slope Borough, Alaska Samantha Coldiron AOGCC Special Assistant Alaska Oil and Gas Conservation Commission 333 West 7th Avenue Anchorage, AK 99501 (907) 793-1223 __________________________________ List Name: AOGCC_Public_Notices@list.state.ak.us You subscribed as: samantha.coldiron@alaska.gov Unsubscribe at: https://list.state.ak.us/mailman/options/aogcc_public_notices/samantha.coldiron%40alaska.go v Lisi Misa being first duly sworn on oath deposes and says that she is a representative of the An- chorage Daily News, a daily newspaper. That said newspaper has been approved by the Third Judicial Court, Anchorage, Alaska, and it now and has been published in the English language continually as a daily newspaper in Anchorage, Alaska, and it is now and during all said time was printed in an office maintained at the afore- said place of publication of said newspaper. That the annexed is a copy of an advertisement as it was published in regular issues (and not in supplemental form) of said newspaper on AFFIDAVIT OF PUBLICATION ______________________________________ Notary Public in and for The State of Alaska. Third Division Anchorage, Alaska MY COMMISSION EXPIRES ______________________________________ 07/30/2025 and that such newspaper was regularly distrib- uted to its subscribers during all of said period. That the full amount of the fee charged for the foregoing publication is not in excess of the rate charged private individuals. Signed________________________________ Subscribed and sworn to before me Account #: 100869 ST OF AK/AK OIL AND GAS CONSERVATION COMMISSION333 W. 7TH AVE STE 100, ANCHORAGE, AK 99501 Order #: W0054206 Cost: $372.71 Notice of Public HearingSTATE OF ALASKAALASKA OIL AND GAS CONSERVATION COMMISSION RE: Docket Number: AEO-25-002 Hilcorp Alaska, LLC Application for Revision of Aquifer Exemption Order 2, Milne Point Field, Milne Point Unit, North Slope Borough, Alaska Hilcorp Alaska, LLC (Hilcorp), by application dated July 18, 2025, requests the Alaska Oil and Gas Conservation Commission (AOGCC) issue an order to revise the Affected Area for the Milne Point Unit Area (MPU) Aquifer Exemption Order 2 to align with AOGCC’s Area Injection Order 10D only as to that portion which covers the MPU boundary. Hilcorp’s proposed revised Affected Area lies across Alaska’s northern coastline within the North Slope Borough. An aquifer is an underground body of water-saturated rock or sediments that can store and/or transmit water. Regulations allow the United States Environmental Protection Agency (EPA) and the State of Alaska to exempt an aquifer or a portion of an aquifer if it does not currently serve as a source of drinking water, if it will not serve as a source of drinking water in the future, or if it meets other criteria such as the natural presence of hydrocarbons, existing contamination, or elevated dissolved solids concentration. An order granting an exemption allows an underground aquifer or a specified portion of an aquifer to be used for oil- or gas-related production, injection, or disposal purposes in compliance with EPA’s requirements under the Safe Drinking Water Act and State of Alaska regulations. This notice does not contain all the information filed by Hilcorp. To obtain more information, contact the AOGCC’s Special Assistant, Samantha Coldiron, at (907) 793-1223 or samantha.coldiron@alaska.gov. A public hearing on the matter has been tentatively scheduled for September 9, 2025, at 10:00 a.m. The hearing, which may be changed to full virtual, if necessary, will be held in the AOGCC hearing room located at 333 West 7th Avenue, Anchorage, AK 99501. The audio call in information is (907) 202 7104 Conference ID: 705 729 442#. Anyone who wishes to participate remotely using MS Teams video conference should contact Ms. Coldiron at least two business days before the scheduled public hearing to request an invitation for the MS Teams. To request that the tentatively scheduled hearing be held, a written request must be filed with the AOGCC no later than 4:30 p.m. on August 14, 2025. If a request for a hearing is not timely filed, the AOGCC may issue an order without a hearing. To learn if the AOGCC will hold the hearing, call (907) 793-1223 after August 18, 2025. In addition, written comments regarding this application may be submitted to the AOGCC, at 333 west 7th Avenue, Anchorage, AK 99501 or samantha.coldiron@alaska.gov. Comments must be received no later than 4:30 p.m. on September 2, 2025, except that, if a hearing is held, comments must be received no later than the conclusion of the September 9, 2025, hearing. If, because of a disability, special accommodations may be needed to comment or attend the hearing, contact Samantha Coldiron, at (907) 793-1223, no later than September 2, 2025. Jessie L. Chmielowski Gregory C. WilsonCommissioner Commissioner Pub: July 30, 2025 STATE OF ALASKA THIRD JUDICIAL DISTRICT ______________________________________2025-07-31 2029-01-23 Document Ref: XMVZ3-EBYHQ-SFJFV-EUUMJ Page 8 of 20 2 Hilcorp Alaska, LLC July 18, 2025 Submitted via e-mail (jessie.chmielowski@alaska.gov) Jessie Chmielowski, Commissioner Alaska Oil and Gas Conservation Commission 333 West 7th Avenue, Suite 100 Anchorage, Alaska 99501 RE: Application for Revision of Aquifer Exemption Order 2 Milne Point Unit Commissioner Chmielowski: Hilcorp Alaska, LLC (Hilcorp), as Operator of the Milne Point Unit, hereby submits this application to revise Aquifer Exemption Order No. 2 (AEO 2), a Class II Aquifer Exemption (AE) at the Milne Point Unit (MPU), to align with Alaska Oil and Gas Conservation Commission (AOGCC) Area Injection Order 10D (AIO 10D) only as to that portion which covers the Milne Point Unit boundary. Attached Figures 1 and 2 depict the existing AEO 2 boundary and the proposed revised AEO 2 boundary, respectively. Please note the proposed AEO 2 boundary also includes the one-quarter (1/4) mile buffer as required per the United States Environmental Protection Agency (EPA) Memorandum Guidance for Review and Approval of State Underground Injection Control (UIC) Programs and Revisions to Approved State Programs. GWPB Guidance #34; Attachment 3 Guidelines for Reviewing Aquifer Exemption Requests. The proposed revised AEO 2 boundary legal description can be found on Attachment 1. The existing AEO 2 and the proposed aquifer exemption area are located immediately adjacent, and nearly surrounded on two sides by two other existing aquifer exemptions. To the west and south is the Kuparuk River Unit (EPA AE08-II) as described in 40 CFR 147.102 (b)(3) codified May 11, 1984. The Prudhoe Bay Aquifer Exemption Order No. 1 (AEO 1), as authorized July 11, 1986, is located to the south and east. These existing exemption areas are shown in Figure 1. The Prudhoe Bay AEO 1 also finds that Prince Creek formation aquifer is an economically impracticable source of drinking water based on the depth and location of the source. The stratigraphy defining the Top and Base of the exempted aquifer zone is proposed to remain the same as current AEO 2. This is defined as 2000 to 4500 feet total vertical depth (TVD) for Top and Base, respectively, as depicted in well MPA-01 (API 500292037600). MPA-01 is shown on the correlation panel with the Top and Base interval shown with black labels (see Figure 3, attached). Post Office Box 244027 Anchorage, AK 99524-4027 3800 Centerpoint Drive Suite 1400 Anchorage, AK 99503 Phone: 907/777-8300 Fax: 907/777-8301 By Samantha Coldiron at 7:52 am, Jul 21, 2025 Application for Revision of Aquifer Exemption Order 2 Milne Point Unit July 18, 2025 Page 2 of 19 Basis for Proposed Aquifer Exemption Request The basis for this AE request considers the same criteria proposed by Conoco, Inc. in their original May 1, 1987 application and documented as a Finding by the AOGCC for the July 8, 1987 AEO 2. Namely, that the Prince Creek formation aquifer does not currently and will not serve as a source of drinking water as it is situated at a depth or location which makes recovery of water for drinking water purposes economically or technologically impractical. Additionally, the Total Dissolved Solids (TDS) content of the groundwater within the proposed exemption aquifer is more than 3,000 and less than 10,000 mg/L and it is not reasonably expected to supply a public water system. Hilcorp contracted GV Jones & Associates, Inc. (GV Jones) to conduct an evaluation of regional public and private drinking water systems and sources and demonstrate that the proposed AE meets the requirements to exempt an underground source of drinking water in accordance with 40 CFR 146.04 and 144.7. GV Jones is an engineering consulting firm located in Anchorage, Alaska that specializes in the scoping, development, and design of drinking water treatment systems for private, municipal, and industrial clients in Alaska, the Continental United States, and internationally. They have extensive experience in the design and source water assessments for drinking water systems on the North Slope of Alaska in the region where the proposed AE is located. The GV Jones evaluation was based on the criteria in accordance with the EPA Memorandum Guidance for Review and Approval of State Underground Injection Control (UIC) Programs and Revisions to Approved State Programs. GWPB Guidance #34; Attachment 3 Guidelines for Reviewing Aquifer Exemption Requests and the Aquifer Exemption Checklist from the July 24, 2014 EPA Memorandum Enhancing Coordinaton and Communication with States on Review and Approval of Aquifer Exemption Requests Under SDWA. The GV Jones’ completed evaluation and letter report is enclosed as Attachment 21. Based on the GV Jones evaluation, it is determined that the proposed AE meets the criteria as described in 40 CFR 146.04 and 144.7 because: 1) It does not currently serve as a source of drinking water; and 2) It cannot now and will not in the future serve as a source of drinking water because: (b) It is situated at a depth or location with makes recovery of water for drinking water purposes economically or technologically impractical. 3) The TDS content of the groundwater is more than 3,000 and less than 10,000 mg/L and it is not reasonably expected to supply a public water system. 1 Correction: the existing water extraction well “MPO-08” listed at the top of Page 3 of the GV Jones & Associates, Inc. letter report is incorrectly identified and should instead be “MPI-08”. Application for Revision of Aquifer Exemption Order 2 Milne Point Unit July 18, 2025 Page 3 of 19 Geology and Fluids The geology and fluids within the proposed AE are an extension to that seen in AEO 2. Stratigraphy and fluids are expected to be very similar. Figure 1 depicts the AEO 2 existing area (pink) and the MPU (red) with a blue line highlighting the south to north correlation panel. The south to north correlation panel (Figure 3) demonstrates that the geology of the sands within the AEO 2 (wells MPA-01, MPB-01 and MPF-106) continues in wells to the north (Nikaitchuq 2), south (MPS-37) and south east (MPK-09). There are four, thick (minimum 50’ TVD) continuous marine silts/shales that exist throughout the Milne Point area above the top of the aquifer (aquifer as defined in AEO2 with type well MPA-01). These continuous shales are confining layers and give high confidence that fluids within the defined aquifer will be vertically contained. These confining layers are shown in Figure 4. In addition, continuous permafrost exists throughout the AE area. The permafrost is present at depths near ground surface and extends to an average base depth of -1600 feet TVD across the Milne Point area. The permafrost also acts as a confining barrier to vertical flow of fluids to the subsurface. The presence of continuous permafrost also prevents the existence of shallow confined or unconfined groundwater aquifers in the Milne Point area down to the depth of -1,600 feet TVD. This permafrost is consistent with conditions observed throughout the Coastal Plain of the North Slope. Seismic lines (Figure 5, Figure 6 and Figure 7) demonstrate good continuity in the major seismic reflectors extrapolated out to the proposed expansion areas. Key wells (used in the correlation panel) are displayed on the seismic. Per 40 CFR Part 2, Subpart B, AS 38.05.035(a)(8) and 11 AAC 82.810, Figures 3 through 8 are held in confidential status. If you have questions or comments, please contact me at (907) 777-8449 or twellman@hilcorp.com. Sincerely, Taylor Wellman MPU Wells Manager cc: Samantha Carlisle, Special Assistant, AOGCC (via email) Steve Davies, Senior Petroleum Geologist, AOGCC (via email) Andy Dewhurst, Senior Petroleum Geologist, AOGCC (via email) Dave Roby, Senior Petroleum Engineer, AOGCC (via email) Chris Wallace, Senior Petroleum Engineer, AOGCC (via email) Ashley Ethridge, Unit Manager, AOGCC (via email) Digitally signed by Taylor Wellman (2143) DN: cn=Taylor Wellman (2143) Date: 2025.07.18 13:49:08 - 08'00' Taylor Wellman (2143) Application for Revision of Aquifer Exemption Order 2 Milne Point Unit July 18, 2025 Page 4 of 19 Enclosures: Figure 1 Map of Existing AEO 2 Boundary Figure 2 Map of Proposed AEO 2 Revised Area Figure 3 Correlation Panel (Confidential Status) Figure 4 Correlation Panel (Confidential Status) Figure 5 Simpson Lagoon Depth- North (Confidential Status) Figure 6 Viscous Vision Depth – Southeast (Confidential Status) Figure 7 Viscous Vision Depth – South (Confidential Status) Attachment 1 Proposed AE0 2 Revised Legal Description Attachment 2 July 10, 2025 GV Jones & Associates, Inc. AE Request - Supplemental Support Document Application for Revision of Aquifer Exemption Order 2 Milne Point Unit July 18, 2025 Page 5 of 19 Figure 1. Existing Milne Point field AEO 2 boundary (pink) with the adjacent AEO for Kuparuk River Unit to the west and the AEO for Prudhoe Bay Unit to the south. Blue line is south to north correlation panel shown in Figure 3. Application for Revision of Aquifer Exemption Order 2 Milne Point Unit July 18, 2025 Page 6 of 19 Figure 2.Proposed AEO 2 Revised Area (green outline) aligned with the Area Injection Order 10D (Milne Point Uni leases only) plus quarter mile buffer Application for Revision of Aquifer Exemption Order 2 Milne Point Unit July 18, 2025 Page 16 of 19 Attachment 1 Proposed AEO 2 Revised Legal Description Proposed Expansion Area: Lease Number Legal Description Acreage ADL 355017 T14N, R10E Sec. 27: All 640.00 Sec. 28: All 640.00 Sec. 29: All 640.00 Sec. 32: All 640.00 Sec. 33: All 640.00 Sec. 34: All 640.00 Sec. 35: All 640.00 4,480.00 ADL 355018 T14N, R10E Sec. 30: All 620.00 Sec. 31: All 623.00 T14N, R9E Sec. 25: All 640.00 Sec. 26: All 640.00 Sec. 27: All 640.00 Sec. 34: All 640.00 Sec. 35: All 640.00 Sec. 36: All 640.00 5083.00 ADL 355021 T14N, R9E Sec. 11: All 640.00 Sec. 12: All 640.00 Sec. 13: All 640.00 Sec. 14: All 640.00 Sec. 15: All 640.00 Sec. 22: All 640.00 Sec. 23: All 640.00 Sec. 24: All 640.00 5120.00 ADL 355016 T14N, R10E Sec. 15: All 640.00 Sec. 16: All 640.00 Sec. 17: All 640.00 Application for Revision of Aquifer Exemption Order 2 Milne Point Unit July 18, 2025 Page 17 of 19 Lease Number Legal Description Acreage Sec. 18: All 614.00 Sec. 19: All 617.00 Sec. 20: All 640.00 Sec. 21: All 640.00 Sec 22: All 640.00 5071.00 ADL 388235 T13N, R9E Sec. 1: All 640.00 Sec. 2: N½, SE¼ 480.00 Sec. 11: NE¼ 160.00 Sec. 12: All 640.00 1920.00 ADL 380109 T12N, R10E Sec. 1: All 640.00 Sec. 2: All 640.00 Sec. 11: All 640.00 Sec. 12: All 640.00 2560.00 ADL 380110 T12N, R11E Sec. 5: All 640.00 Sec. 6: All 577.00 Sec. 7: All 580.00 Sec. 8: All 640.00 2437.00 ADL 375133 T12N, R11E Sec. 3: All 640.00 Sec. 9: All 640.00 Sec. 4: All 640.00 Sec. 10: All 640.00 2560.00 ADL 375132 T12N, R11E Sec. 1: All 640.00 Sec. 2: All 640.00 Sec. 11: All 640.00 Sec. 12: All 640.00 2560.00 ADL 028232 T13N, R11E Sec. 27: All 640.00 Application for Revision of Aquifer Exemption Order 2 Milne Point Unit July 18, 2025 Page 18 of 19 Lease Number Legal Description Acreage Sec. 28: All 640.00 Sec. 33: All 640.00 Sec. 34: All 640.00 2560.00 ADL 394167 T14N, R10E Sec. 5: All 640.00 Sec. 6: All 609.00 Sec. 7: All 612.00 Sec. 8: All 640.00 2501.00 Contracted Area: Lease Number Legal Description Acreage None T13N, R11E Sec. 5: All 640.00 Sec. 6: All 625.00 Sec. 15: All 640.00 Sec. 16: All 640.00 Sec. 21: All 640.00 Sec. 22: All 640.00 3,825.00 Application for Revision of Aquifer Exemption Order 2 Milne Point Unit July 18, 2025 Page 19 of 19 Attachment 2 July 10, 2025 GV Jones & Associates, Inc. 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^K>KdE^WKZd^EdZ͕t>>͖Wt^t>ϬϬϰ;t>>Ϳ͖>ŽĐĂƚ >Ϯϭϰϴϵϲ Ϯϭϴ ^ϬϬϱEϬϭϬtϯϭ^E^^t ϲϬ͘ϰϳϱϵϳ Ͳϭϱϭ͘ϭϬϯϭϵ WƵďůŝĐ^ƵƉƉůǇ ϵϱ Ϯϭϭϲϭϵ t><Z͕/Z DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ E,KZ'͖Wt^/ϮϭϭϲϭϵDz&>KtZd͕t>ϬϬϭ;ĞĐŽŵŵŝƐƐ>ϰϰϵϱϭ ϮϬϮ ^ϬϭϯEϬϬϯtϭϰEt^t^t^t ϲϭ͘ϮϭϬϵϳϲ Ͳϭϰϵ͘ϳϳϳϲϲϴ WƵďůŝĐ^ƵƉƉůǇ ^tϯϵ&d͕Ϯϳϱ'WD/DW>/K^dKϭϵϲ&d͕^ZEdKϮϬϮ &d ϭϯϬ ϮϮϬϯϳϱ dKzKE>K' DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^/ϮϮϬϯϳϱsZdd^dDd^hZ^KZd͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞ>ϰϰϬϬϬ ϵϱ ^ϬϭϳEϬϬϭtϬϮ^tEt^t^ ϲϭ͘ϱϴϳϯϭϲ Ͳϭϰϵ͘ϰϬϯϲϴϵ WƵďůŝĐ^ƵƉƉůǇ ϭϯϮ ϮϮϮϴϰϴ ^dd^͕>>s DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t^/>>t^ddƌϭ;^t/^^^^d>^dd^ϯW,Ϯdƌϭ͍Ϳ͖Wt^>ϮϬϮϵϭϬ ϭϮϱ ^ϬϭϳEϬϬϮtϬϭ^EE^ ϲϭ͘ϱϵϬϱϴϲ Ͳϭϰϵ͘ϱϰϮϭϲϰ WƵďůŝĐ^ƵƉƉůǇ ^tϭϳ&ddK͕ϭϱϬ'WD^t/d,WZ&^ϱϱ&dͲϳϬ&dΘϳϳ &dͲϭϭϬ&d ϭϯϳ ϮϮϯϲϭϲ DdEh^<Ͳ^h^/dEKZKh', DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ /'><>DEdZz^,KK>͖Wt^/ϮϮϯϲϭϲD^^/'>< >ϮϬϬϱϰϮ ϭϲϮ ^ϬϭϳEϬϬϯtϮϴ^t^tEE ϲϭ͘ϱϯϴϱ Ͳϭϰϵ͘ϴϮϬϬϳ WƵďůŝĐ^ƵƉƉůǇ ϭϴϰ ϮϭϬϬϭϭ DK͕d,>^<Es/>>'ͬWZdd͕' DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ d,>^<Es/>>';dZ/>ZWZ<Ϳt>>ηϮ͕/dzt>>ηϮ >ϰϱϬϳϳ ϵϲ ^ϬϭϯEϬϬϯtϮϰ^tEEEt ϲϭ͘ϮϬϴϱϴϮ Ͳϭϰϵ͘ϳϯϱϮϮϰ WƵďůŝĐ^ƵƉƉůǇ ^tн͍&dZd^/E&>Kt͕ϲϱϬ'WDϮEϴΗt>>KE>KdE d,/ZϲΗt>>ϭϯΗ^dKϰϬ&d͕ϭϬΗdKKddKD͕WZ& >Ktϳϭ&dKDD/^^/KEϮϬϭϭz,Z͘ Ϯϴϭ ϮϭϬϬϭϭ WƌĂƚƚ͕' DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ d,>^<Es/>>';dZ/>ZWZ<Ϳt>>ηϯ >ϱϱϰϬϵ ϭϯϬ ^ϬϭϯEϬϬϯtϮϰ^tEEtEt ϲϭ͘ϮϬϴϰϳϯ Ͳϭϰϵ͘ϳϰϯϮϮϱ WƵďůŝĐ^ƵƉƉůǇ ^tϰϳ&d͕ϭϱ'WDKDD/^^/KEϮϬϭϭz,Z͘Dh>d/W> ^/E'^EWZ&KZd/KE^hdKKh>Z^͘ ϯϭϳ ϮϭϬϬϭϭ WZdd͕' DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ d,>^<Es/>>';dZ/>ZWZ<Ϳt>>ηϭ ϵϬ ^ϬϭϯEϬϬϯtϮϰEtEEEt ϲϭ͘ϮϬϵϭϭ Ͳϭϰϵ͘ϳϯϱϮϮϰ WƵďůŝĐ^ƵƉƉůǇ Wd,^d/DdKDD/^^/KEϮϬϭϭz,Z͘&/E/^, hE<EKtE ϯϮϰ ϮϭϭϱϲϮ ŽůŽŶŝĂůWĂƌŬ,ŽĂ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ K>KE/>WZ<>Ϭϵϰ͖Wt^/ϮϭϭϱϲϮK>KE/>WZ<^͕ͬt>Ϭ>ϮϬϬϱϯϭ ϯϴϬ ^ϬϭϰEϬϬϭtϬϳ^t^t^^ ϲϭ͘ϯϭϭϭϭϱϯ Ͳϭϰϵ͘ϱϭϲϮϵϲ WƵďůŝĐ^ƵƉƉůǇ ^tϮϵϭ&d͕ϯϬ'WD&h>>^/E'WZ&ϯϳϰͲϯϴϬ&d ϯϰϵ ϮϭϬϴϵϭ Z>dz͕:< DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^EKtZ^ds/t>ϭϴ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >ϰϰϭϲϰ ϳϰ ^ϬϭϮEϬϬϯtϭϵEt^^Et ϲϭ͘ϭϭϳϯϲϭ Ͳϭϰϵ͘ϴϴϭϱϱ WƵďůŝĐ^ƵƉƉůǇ ϯϵϭ ϮϮϳϬϵϮ DdEh^<Ͳ^h^/dEKZKh', DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ '>/Zs/t>DEdZz^,KK>͖Wt^/ϮϮϳϬϵϮD^^'>/Zs/t^,KK ϵϬ ^ϬϮϬEϬϭϬϯϬEtEEt^t ϲϭ͘ϳϵϯϴϰ Ͳϭϰϳ͘ϳϮϮϵϱϯ WƵďůŝĐ^ƵƉƉůǇ ϰϭϮ ϮϲϬϯϮϱ h^W,^͕dK'/< ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ dK'/<t>>͖Wt^/ϮϲϬϯϮϱdK'/<tdZ^z^dD͕t>ϬϬϮ;t>ϳϱϳϯϱ ϰϯ ^Ϭϭϯ^ϬϲϳtϭϭEEEt^t ϱϵ͘ϬϲϰϬϳ ͲϭϲϬ͘ϰϭϰϮϳ WƵďůŝĐ^ƵƉƉůǇ ϳϮ'WD͘ ϰϮϴ ϮϰϬϳϱϳ ^ĞǁĂƌĚ͕ŝƚǇKĨ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ /dzt>>ϰ͖Wt^/ϮϰϬϳϱϳ^tZ͕t>ϬϬϱ;t>>ηϰͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϮϬϲ ^ϬϬϭEϬϬϭtϯϰ^^tE^t ϲϬ͘ϭϯϬϴϰϬϯ Ͳϭϰϵ͘ϰϯϲϲϯ WƵďůŝĐ^ƵƉƉůǇ ϰϯϴ ϮϮϱϬϵϬ :K,E^KE͕Zd DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ &/Zs/t>KKWZKD͍͍͍͖͘&ŽƌŵĞƌƉƵďůŝĐǁĂƚĞƌƐǇƐƚĞŵ͕ŶŽǁE >ϮϬϮϳϯϴ ϯϯϬ ^ϬϭϳEϬϬϭtϯϭE^EtE ϲϭ͘ϱϮϰϳϮϲ Ͳϭϰϵ͘ϱϭϵϭϰϯ WƵďůŝĐ^ƵƉƉůǇ ϰϯϵ ϮϮϱϬϵϬ :K,E^KE͕Zd DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ &/Zs/t>KKWZKD͍͍͍͖͘&ŽƌŵĞƌƉƵďůŝĐǁĂƚĞƌƐǇƐƚĞŵ͕ŶŽǁE >ϮϬϮϳϯϴ ϯϰϮ ^ϬϭϳEϬϬϭtϯϭ^^EtE ϲϭ͘ϱϮϰϱϲϮ Ͳϭϰϵ͘ϱϭϵϭϯ WƵďůŝĐ^ƵƉƉůǇ ϰϱϭ ϯϰϬϮϯϬ h^W,^͕</E EŽƌƚŚǁĞƐƚƌĐƚŝĐŽƌŽƵŐŚ </EtdZW>Edͬ^,KK>KE<Kh<Z/sZ͖Wt^/ϯϰϬϮϯϬ<>ϰϲϯϮϮ ϭϭϵ <ϬϭϴEϬϬϴtϬϵ^EtEt^ ϲϲ͘ϵϳϯϬϲϰ ͲϭϲϬ͘ϰϮϱϵϰϱ WƵďůŝĐ^ƵƉƉůǇ ^tϱϴ͘ϱ&d͕ϯϬ'WDEKEd/>^dKϱϱ&d͕KWE,K>͖ tdZYh>/dzdK>>d ϰϱϳ ϮϳϬϯϮϬ ,s<͕/dzK&s>KWDEdEKKZ/Ed/KE <ĂƐŚƵŶĂŵŝƵƚZ h^^ϱϬϮϯ͕,s<͖Wt^/ϮϳϬϯϮϬ,s<tdZ^z^dD͕t>ϬϬ>ϳϱϴϵϮ ϭϲϲ ^ϬϭϳEϬϵϬtϮϳ^t^^t^t ϲϭ͘ϱϮϳϯϰ Ͳϭϲϱ͘ϱϴϴϱϯ WƵďůŝĐ^ƵƉƉůǇ ^tϰϮ&d͕ϳϬ'WD>^K^>^ϮϬϭϴϰ͕DzdK&^ Ϯϳ^dKϭϲϮ&d͕^ZEdKϭϲϲ&d ϰϲϱ ϮϳϭϮϭϭ h^W,^͕/dzK&dhEdhdh>/< >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ dhEdhdh>/<Z͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϬϭ ^ϬϬϯEϬϳϳtϮϭ^^tEEt ϲϬ͘ϯϰϬϬϯ ͲϭϲϮ͘ϲϲϴϯϳ WƵďůŝĐ^ƵƉƉůǇ WZD&ZK^dEKhEdZddZtdZYh>/dz EKhEdZ͘ ϰϴϬ ϮϭϬϵϬϲ DŽĂ͕ŶĐŚŽƌĂŐĞtĂƚĞƌŶĚtĂƐƚĞǁĂƚĞƌhƚŝůŝƚǇ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ t>>ϯϭ͖Wt^/ϮϭϬϵϬϲDKDhE//W>/dzK&E,KZ'͕t>>ϮϬϯϵϱϲ ϱϱϬ ^ϬϭϮEϬϬϯtϮϵE^^E ϲϭ͘ϭϬϮϯϲϳϰ Ͳϭϰϵ͘ϴϯϰϰϴϴ WƵďůŝĐ^ƵƉƉůǇ KK</E>dYh/&Z^z^dD ϰϴϲ Ϯϭϱϲϰϳ ^ddK&>^<͕/sWZ<^͕D,h',Z< DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ D,h',Z<tz^/͖&ŽƌŵĞƌƉƵďůŝĐǁĂƚĞƌƐǇƐƚĞŵ͕ŶŽǁEŽŶͲ>^Ϯϱϭϱ ϯϴϴ ^ϬϭϭEϬϬϯtϮϱ^Et^Et ϲϭ͘ϬϭϳϬϬϭϭϲ Ͳϭϰϵ͘ϳϯϰϱϮϰϴ WƵďůŝĐ^ƵƉƉůǇ ϱϬϮ ϯϵϮϬϯϯ h^WdK&d,/EdZ/KZ͕>D͕Zh^,<E DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Zh^,<EZ<DW'ZKhE͖Wt^t>ϬϬϭ;&ŽƌŵĞƌůǇWt^/>ϮϬϲϰϯϲ ϳϳ &Ϭϭϵ^ϬϬϯtϬϮ^^t^^ ϲϯ͘ϮϵϬϬϵ Ͳϭϰϴ͘Ϭϲϯϱϰϲ WƵďůŝĐ^ƵƉƉůǇ ϲϮϲ ϮϭϬϲϬϱ sĂůůŝsƵĞƐƚĂƚĞƐ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ s>>/sh^dd^>͍͍͍͖Wt^/ϮϭϬϲϬϱs>>/sh^ͬtdZ>^ϭϭϮϮϮ ϭϳϵ ^ϬϭϮEϬϬϯtϭϰ^tEt^t^ ϲϭ͘ϭϮϱϯϱϭ Ͳϭϰϵ͘ϳϱϴϵϭϭ WƵďůŝĐ^ƵƉƉůǇ ϲϰϰ ϮϵϮϭϯϲ ĞŶƚƌĂůůĂƐŬĂDŝƐƐŝŽŶ ŽƉƉĞƌZŝǀĞƌZ h^^ϯϭϵϳ>Ϭϳ;͍Ϳ͕EdZ><D/^^/KE͕'>EE>>E͕ηϮ͍͖&ŽƌŵĞƌWt^/ϮϵϮϭϯϲ ϴϳ ϬϬϰEϬϬϮtϮϯ^^Et^ ϲϮ͘ϭϭϬϰϮϬϮ Ͳϭϰϱ͘ϱϯϰϵϳϯ WƵďůŝĐ^ƵƉƉůǇ ^tϲϬ&ddK͕ϭϱ'WDKWEE͕&h>>^dKϴϳ&d ϲϰϱ ϮϵϮϭϭϬ ĞŶƚƌĂůůĂƐŬĂDŝƐƐŝŽŶ ŽƉƉĞƌZŝǀĞƌZ EdZ><D/^^/KE͕'>EE>>E'h^d,Kh^͖Wt^/^E/EdZEd/KE>ϮϮϮ ϬϬϰEϬϬϮtϮϯ^t^tEt^ ϲϮ͘ϭϭϬϯϱϱϰ Ͳϭϰϱ͘ϱϰϭϭϯϴ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬϵ&ddK͕'KKt>>KWEE͕^dKϮϮϮ&d ϲϰϳ ϮϵϮϭϭϬ ĞŶƚƌĂůůĂƐŬĂDŝƐƐŝŽŶͲ^ĞŶĚ/ŶƚĞƌŶĂƚŝŽŶĂůKĨůĂƐŬĂ ŽƉƉĞƌZŝǀĞƌZ EdZ><D/^^/KE͕'>EE>>E͕DdZhDZ/s͖&ŽƌŵĞƌWt>ϮϬϵϳϬϬ ϮϮϬ ϬϬϰEϬϬϮtϮϯ^tEtEt^ ϲϮ͘ϭϭϭϱϯϳϵ Ͳϭϰϱ͘ϱϰϬϰϮϭ WƵďůŝĐ^ƵƉƉůǇ ^tϭϱϬ&ddK͕Ϯϭ'WD͕ϭϬϬ'W&KZh^/EZ/K^dd/KE͘ KWEE͕&h>>^dKϮϭϱ&dϳϬϬϬ'W/E&KhZdE;ϭϰͿ ^/E'>Ͳ&D/>zKD^d/hE/d^ ϲϱϬ EŽŶͲWƵďůŝĐDdEh^<Ͳ^h^/dEKZKh',^,KK>/^dZ/d DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t^/>>,/',^,KK> >ϮϬϵϮϯϮ ϮϬϱ ^ϬϭϳEϬϬϭtϬϯ^t^Et^ KƚŚĞƌ ϳϲϵ ϮϭϮϰϲϭ ,ŝůůƐŝĚĞWĂƌŬ,ŽŵĞŽǁŶĞƌƐ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ,/>>^/dƌϯ͖Wt^/ϮϭϮϰϲϭ,/>>^/WZ<^͕ͬt>ϬϬϭ;t>>ηϭ >^ϵϳϯϭ Ϯϴϭ ^ϬϭϮEϬϬϯtϭϰE^t^^ ϲϭ͘ϭϮϰϱϬϳϵ Ͳϭϰϵ͘ϳϰϴϮϵϭ WƵďůŝĐ^ƵƉƉůǇ ϴϯϰ ϭϯϬϭϳϮ z<hdd͕/dzK& ŝƚǇΘŽƌŽƵŐŚŽĨzĂŬƵƚĂƚ h^^Ϭϲϱϵ͕z<hdd͖Wt^t>ϬϬϭ;Z/'t>>ηϭʹ/ŶĂĐƚŝǀĞŽůĚǁĞ>ϰϯϯϰϬ ϴϭ ϬϮϳ^ϬϯϯϮϱEt^tEE ϱϵ͘ϱϱϭϲϰϰ Ͳϭϯϵ͘ϳϯϵϱϮϲ WƵďůŝĐ^ƵƉƉůǇ ^tϱϯ&d͕ϭϬϬ'WDEK^>dtdZ/EdZh^/KEK^Zs^ dKϳϮ&d͕^ZEdKKddKD ϵϬϮ ϭϯϬϭϳϮ z<hdd͕/dzK& ŝƚǇΘŽƌŽƵŐŚŽĨzĂŬƵƚĂƚ h^^ϰϴϱϯdƌ>ϬϮϲ͕t>>Ϯ͕z<hdd͖Wt^t>ϬϬϰ;Z/'t>>>ϰϯϯϰϬ ϯϮϱ ϬϮϳ^ϬϯϰϯϬEtEtEEt ϱϵ͘ϱϱϯϴϵϳ Ͳϭϯϵ͘ϳϮϲϴϯϯ WƵďůŝĐ^ƵƉƉůǇ ^tϭϱϮ&d>^͕ϭϱ'WDWZ&ϭϱϴͲϭϳϬ&dΘϮϬϱͲϮϭϭ&d ϵϲϱ ϮϮϭϮϬϴ EtKD͕,ZK> DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t^/>>t^d>͖Wt^t>ϬϬϮ;tĞůůηϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>ϮϬϰϮϳϲ ϴϯ ^ϬϭϳEϬϬϮtϭϮEtEtEtE ϲϭ͘ϱϴϰϰϰ Ͳϭϰϵ͘ϱϱϰϭ WƵďůŝĐ^ƵƉƉůǇ ϭϬϮϴ ϮϭϬϵϬϲ ŶĐŚŽƌĂŐĞtĂƚĞƌŶĚtĂƐƚĞǁĂƚĞƌhƚŝůŝƚǇ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ t>>ϰ͖Wt^/ϮϭϬϵϬϲDKDhE//W>/dzK&E,KZ'͕t>>ϰϰϲϮϲ ϯϮϭ ^ϬϭϯEϬϬϯtϬϵ^^t^^t ϲϭ͘ϮϮϰϳϬϰϳ Ͳϭϰϵ͘ϴϮϳϭϯϯ WƵďůŝĐ^ƵƉƉůǇ KK</E>dYh/&Z^z^dD ϭϬϳϬ ϮϭϭϭϯϬ WŝĞůĂŶŽǁƐŬŝ͕dŚŽŵĂƐ> DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ DZZzZKΘ'>EE,/',tz͖Wt^/ϮϭϭϭϯϬdZ/>^ED,W͕t>ϬϬϮ;t ϵϮ͘ϳ ^ϬϭϯEϬϬϯtϭϱEtEtEtE ϲϭ͘ϮϮϯϳϭϲϳ Ͳϭϰϵ͘ϳϵϮϯϴϵ WƵďůŝĐ^ƵƉƉůǇ ϭϬϳϮ ϮϭϯϲϬϯ EĞǁƚŽŶ/ŶǀĞƐƚŵĞŶƚŽŵƉĂŶǇ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ t>>ηϭWt^/ϮϭϯϲϬϯ><Kd,,/>>^^d ϭϱϰ ^ϬϭϮEϬϬϯtϮϯEt^t^E ϲϭ͘ϭϭϳϱϬϬϯ Ͳϭϰϵ͘ϳϱϭϬϯϴ WƵďůŝĐ^ƵƉƉůǇ ϭϬϴϭ ϮϭϮϮϲϳ '>/Zs>>ztdZ^^K/d/KE DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ >z^<ϭdƌ͕'/ZtKK͖Wt^/ϮϭϮϮϲϳ'>/Zs>>ztdZKDWEz͕t ϵϭ ^ϬϭϬEϬϬϮϬϴ^t^^t^ ϲϬ͘ϵϲϰϱϳϯ Ͳϭϰϵ͘ϭϯϯϴϳϴ WƵďůŝĐ^ƵƉƉůǇ ϭϬϴϱ ϮϭϯϲϬϯ EĞǁƚŽŶ/ŶǀĞƐƚŵĞŶƚŽ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ t>>ηϮWt^/ϮϭϯϲϬϯ><Kd,,/>>^^d ϭϰϳ͘ϱ ^ϬϭϮEϬϬϯtϮϯEt^t^E ϲϭ͘ϭϭϳϰϱϰϱ Ͳϭϰϵ͘ϳϱϭϭϳϱ WƵďůŝĐ^ƵƉƉůǇ ϭϭϮϬ ϮϮϲϬϲϮ hdd&/Z^dd/KE DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ZE,Zd^^D>>dZd^>ϭϬϭ͖&ŽƌŵĞƌƉƵďůŝĐǁĂƚĞƌƐǇƐƚĞŵ͕ŶŽǁEŽŶͲWƵďůŝĐ ϳϱ ^ϬϭϳEϬϬϮϮϯ^tEt^^ ϲϭ͘ϱϰϰϯϳϬϵϰ Ͳϭϰϵ͘Ϭϯϯϳϰϰϳ WƵďůŝĐ^ƵƉƉůǇ ϭϮϬϳ ϮϭϬϵϬϲ ŶĐŚŽƌĂŐĞtĂƚĞƌŶĚtĂƐƚĞǁĂƚĞƌhƚŝůŝƚǇ͕^ĞƌǀŝĐĞͬ,ĂŶƐŚĞǁ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ t>>Ϯϵ͖Wt^/ϮϭϬϵϬϲDKDhE//W>/dzK&E,KZ'͕t>ϮϬϭϵϮϬ Ϯϴϯ ^ϬϭϮEϬϬϯtϭϬ^E^t^ ϲϭ͘ϭϯϵϴϱϴϮ Ͳϭϰϵ͘ϳϴϯϬϵϲ WƵďůŝĐ^ƵƉƉůǇ KK</E>dYh/&Z^z^dD ϭϯϬϵ ϮϮϲϴϴϰ DdEh^<Ͳ^h^/dEKZKh', DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ^hddKE>DEdZz^,KK>͖Wt^/ϮϮϲϴϴϰD^^^hddKE >Ϯϭϰϲϰϳ ϭϮϬ ^ϬϭϵEϬϬϯϮϮ^^^^ ϲϭ͘ϳϭϱϰϲϯ Ͳϭϰϴ͘ϴϳϳϭϰϮ WƵďůŝĐ^ƵƉƉůǇ ^KE>^ϭϯϲϬϮ͖tdZYh>/dzdK>>d ϭϯϯϱ Ϯϰϰϰϴϰ <ĞŶĂŝŽƌŽƵŐŚ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ E/</^</,/',^,KK>͖Wt^/Ϯϰϰϰϴϰ<W^E/</^</D/>ͬ,/',>^ϳϯϵϰ ϭϵϳ ^ϬϬϴEϬϭϮtϯϲE^t^^ ϲϬ͘ϳϯϰϰϰϯϳ Ͳϭϱϭ͘Ϯϵϲϯϴϳ WƵďůŝĐ^ƵƉƉůǇ ϭϰϱϭ ϭϭϬϲϬϭ ^ŬĂŐǁĂǇ͕ŝƚǇKĨ DƵŶŝĐŝƉĂůŝƚǇŽĨ^ŬĂŐǁĂǇ ^<'tz/dzt>>ϭ͖Wt^/ϭϭϬϲϬϭ^<'tzt>ϬϬϭ;t>>ηϭ>ϰϯϵϴϱ ϴϬ ϬϮϴ^ϬϱϵϭϮ^EEEt ϱϵ͘ϰϲϮϯϳϵϱ Ͳϭϯϱ͘ϯϬϳϵϯϴ WƵďůŝĐ^ƵƉƉůǇ EK>K'͕/EsK/KE>z ϭϱϲϵ ϮϮϬϳϮϯ DdEh^<Ͳ^h^/dEKZKh', DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dZWWZZ<>DEdZz^,KK>͖Wt^/ϮϮϬϳϮϯD^^dZ>^ϭϯϲϬϯ ϭϵϵ ^ϬϮϲEϬϬϲtϮϱEt^t^tEt ϲϮ͘ϯϭϱϴϭϳ ͲϭϱϬ͘ϯϭϲϳϴϯ WƵďůŝĐ^ƵƉƉůǇ ^tϰϯ&d͖ϭϰϵ'WD ϭϱϳϬ ϮϮϯϲϱϴ DdEh^<Ͳ^h^/dEKZKh', DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ KddKEtKKZ<>DEdZz^,KK>͖Wt^/ϮϮϯϲϱϴD^^KddKEtK ϭϱϵ ^ϬϭϳEϬϬϭtϬϭ^tE^^ ϲϭ͘ϱϴϳϳϰϯ Ͳϭϰϵ͘ϯϲϭϲϭϮ WƵďůŝĐ^ƵƉƉůǇ ^ϭϳͲϭͲϭ/^KZZd>Kd/KE ϭϳϰϯ ϮϭϮϴϱϭ >ĞĂŐƵĞ͕/ƐĂĂŬt DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ŝƌĐŚǁŽŽĚZĞĐƌĞĂƚŝŽŶĂŶĚ^ŚŽŽƚŝŶŐWĂƌŬ͘ZŝĨůĞZĂŶŐĞ͖Wt^t>ϬϬϮ>^ϯϯϳϵϯ ϱϴ ^ϬϭϱEϬϬϭtϬϱEt^t^tEt ϲϭ͘ϰϮϬϰϱ Ͳϭϰϵ͘ϱϭϬϬϵ WƵďůŝĐ^ƵƉƉůǇ ϭϳϰϱ ϯϳϬϭϰϲ >d:hEd/KE^,KK>/^dZ/d ĞůƚĂͲ'ƌĞĞůǇZ >d:hEd/KE^,KK>͖Wt^/ϯϳϬϭϰϲ'^Ͳ>d^,KK>͕>ϱϯϮϱϰ ϭϴϬ &ϬϭϬ^ϬϭϬϭϰ^E^^ ϲϰ͘ϬϰϯϮϯ Ͳϭϰϱ͘ϳϭϰϳϴ WƵďůŝĐ^ƵƉƉůǇ t>>Z/>>dKϮϰϬ&d͕Wh>>><dKϭϴϬ&dhdK ,ZWE͘ ϭϳϵϮ ϮϮϬϰϳϳ DdEh^<Ͳ^h^/dEKZKh',KDD͘K>>' DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DdEh^<^h^/dEKZKh',KDDhE/dzK>>'͖Wt^/ϮϮϬϰϳϳDdEh Ϯϱϭ ^ϬϭϳEϬϬϭϭϬ^E^E ϲϭ͘ϱϴϬϮϴϯϰϮ Ͳϭϰϵ͘ϮϰϬϱϯϮϲ WƵďůŝĐ^ƵƉƉůǇ ϭϳϵϯ ϮϮϬϰϳϳ DdEh^<Ͳ^h^/dEKZKh',KDD͘K>>' DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DdEh^<^h^/dEKZKh',KDDhE/dzK>>'͖>ŽĐĂƚŝŽŶŶŽƚǀĞƌŝĨŝĞĚͲƉĂ Ϯϳϱ ^ϬϭϳEϬϬϭϭϬEt^^E ϲϭ͘ϱϳϵϲϴϴϭ Ͳϭϰϵ͘ϮϰϭϵϴϮϲ WƵďůŝĐ^ƵƉƉůǇ ϭϳϵϰ ϮϭϭϮϬϯ ^dK>d^͕DZ< DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ >^<W/&/hE/sZ^/dz͖&ŽƌŵĞƌ;ŶŽǁEŽŶͲWƵďůŝĐͿWt^/ϮϭϭϮϬϯ<W/&/ϭϯϵ ^ϬϭϯEϬϬϯtϮϳEt^t^Et ϲϭ͘ϭϴϵϭϰϵ Ͳϭϰϵ͘ϳϵϵϴϵϴ WƵďůŝĐ^ƵƉƉůǇ ϭϴϭϬ Ϯϭϰϴϲϭ ƌŝƚƚĂŝŶ͕:ĂĐŬ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^<z>/Es/t>Ϭϱϯ͖Wt^/Ϯϭϰϴϲϭ^,KWWZ^,Θ>hE>ϴϭϯϰϳ ϭϴϵ ^ϬϭϱEϬϬϭtϭϲEtEt^tE ϲϭ͘ϯϵϯϰϬϮϭ Ͳϭϰϵ͘ϰϲϯϱϲϮ WƵďůŝĐ^ƵƉƉůǇ ^tϭϲϬ&d͕ϱ'WD&h>>^͕KWEE͕EKZK< EKhEdZ ϭϴϮϴ ϭϭϬϲϬϭ ^ŬĂŐǁĂǇ͕ŝƚǇKĨ DƵŶŝĐŝƉĂůŝƚǇŽĨ^ŬĂŐǁĂǇ ^<'tz/dzt>>Ϯ͖Wt^/ϭϭϬϲϬϭ^<'tz͕t>ϬϬϮ;t>>ηϮ>ϰϯϵϴϱ ϳϱ ϬϮϴ^ϬϱϵϭϮ^EEEt ϱϵ͘ϰϲϮϳϲϬϵ Ͳϭϯϱ͘ϯϬϴϳϭϲ WƵďůŝĐ^ƵƉƉůǇ EK>K'͕/EsK/KE>z ϮϬϳϲ ϮϰϮϵϱϯ ZKz>W/&/&/^,Z/^ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ <>/&KE^<z,ZK͖Wt^t>ϬϬϮ;t>>ϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϰϱ ^ϬϬϱEϬϭϭtϮϬEtEtEEt ϲϬ͘ϱϭϲϯϲϰ Ͳϭϱϭ͘ϮϱϰϮϮϭ WƵďůŝĐ^ƵƉƉůǇ ^tϵ&d͕ϳϱ'WDz/>͘ Ϯϭϯϭ ϮϰϭϬϮϬ DĐ'ĂŚĂŶhƚŝůŝƚŝĞƐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ >ϬϬϮ͕Wt^tͲϮ͖Wt^/ϮϰϭϬϮϬE/</^,<z͕t>ϬϬϭ;t>>ηϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚϵϳ ^ϬϬϳEϬϭϮtϬϭ^tEEtE ϲϬ͘ϳϯϭϴϭϵϮ Ͳϭϱϭ͘ϯϬϭϮϱϰ WƵďůŝĐ^ƵƉƉůǇ Ϯϭϯϯ ϮϰϬϱϱϯ <ĞŶĂŝŽƌŽƵŐŚ͕EŝŶŝůĐŚŝŬ^ĐŚŽŽů <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ E/E/>,/<^,KK>͖Wt^/ϮϰϬϱϱϯ<W^E/E/>,/<͕t>ϬϬϭ;t>>ηϯ;ϭϵϴϭͿͿ͖>ŽĐ ϵϳ ^ϬϬϭ^ϬϭϰtϯϰEE^t^t ϲϬ͘ϬϰϮϰϵϭϵ Ͳϭϱϭ͘ϲϳϱϮϳϴ WƵďůŝĐ^ƵƉƉůǇ ^tϯϮ&d͖ϱϬ'WDz/>͘ Ϯϭϱϭ ϮϭϬϵϬϲ DŽĂ͕ŶĐŚŽƌĂŐĞtĂƚĞƌŶĚtĂƐƚĞǁĂƚĞƌhƚŝůŝƚǇ;ĂǁǁƵͿƌϮ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ '>Z^dϯdƌϯt>>Ϯ͖Wt^/ϮϭϬϵϬϲDKDhE//W>/d >ϮϬϵϴϮϴ Ϯϲϳ ^ϬϭϰEϬϬϭtϬϳ^tE^t^t ϲϭ͘ϯϭϮϲϵϴϰ Ͳϭϰϵ͘ϱϯϱϰϲϭ WƵďůŝĐ^ƵƉƉůǇ ^tϭϲϵ&ddK͕ϯϬϬ'WD,/<>Khyt>>͘^dKϮϰϰ &d͕^ZEdKϮϲϰ&d͕dK ϮϰϬϭ ϯϴϬϯϬϯ ^ƚĂƚĞKĨůĂƐŬĂ͕EŽƌƚŚǁĂǇ ůĂƐŬĂ'ĂƚĞǁĂǇZ EKZd,tz^,KK>͖Wt^/ϯϴϬϯϬϯ<'dtz^ͲEKZd,tz^,;t>ϬϬϭͿ͖Ϯϳϭ ϬϭϰEϬϭϵϯϬ ϲϮ͘ϵϲϳϲϮϬϴ Ͳϭϰϭ͘ϴϵϭϲϳϴ WƵďůŝĐ^ƵƉƉůǇ Ϯϰϰϰ ϯϭϭϮϭϱ ^ddK&>^<͕/sWZ<^͕,EZ/sZ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ ,EZ/sZW/E/ZD/>ϰϯ͖EŽŶͲƉƵďůŝĐǁĂƚĞƌƐǇƐƚĞŵ;&Žƌ >ϰϬϴϱϰϱ ϯϱ &ϬϬϭEϬϬϳϬϯE^^^ ϲϰ͘ϵϯϲϳϭϵϲϵ Ͳϭϰϲ͘ϮϴϲϴϬϱϵ WƵďůŝĐ^ƵƉƉůǇ Ϯϰϱϴ ϮϭϴϱϮϰ ,/>>͕Z>E DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^hEEzZ^>ϭϬϮ͖EŽŶͲƉƵďůŝĐǁĂƚĞƌƐǇƐƚĞŵ;&ŽƌŵĞƌůǇWt^/ϮϭϴϱϮϰ^hEEzϭϬϴ ^ϬϭϯEϬϬϯtϭϯ^tEt^t^ ϲϭ͘Ϯϭϭϵϲϭ Ͳϭϰϵ͘ϳϯϭϵϳϬϯ WƵďůŝĐ^ƵƉƉůǇ Ϯϰϵϰ ϮϭϰϬϰϵ 'ZZd,ZE,Z, DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ 'Z>ϭϭ͖Wt^/ϮϭϰϬϰϵE,KZ''Z,hZ,ϭ͕t>Ͳt>^ϯϰϱ ϭϲϲ ^ϬϭϮEϬϬϯtϮϴEtEtEtE ϲϭ͘ϭϬϴϰϮϴ Ͳϭϰϵ͘ϴϭϴϮϴϯ WƵďůŝĐ^ƵƉƉůǇ Ϯϱϵϴ ϮϰϯϲϮϰ ,h'',>dZ/ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ >h'WKtZ^dd/KE͖EŽŶͲWƵďůŝĐ;&ŽƌŵĞƌůǇWt^/ϮϰϯϲϮϰt>ϬϬϮͲt>>ηϰͿ͖ϯϭϯ ^ϬϭϯEϬϭϬtϮϳ^t^E^ ϲϭ͘ϭϴϰϲϬϭ Ͳϭϱϭ͘ϬϯϳϬϱϳ WƵďůŝĐ^ƵƉƉůǇ ϮϲϱϮ ϮϭϬϵϬϲ DŽĂ͕ŶĐŚŽƌĂŐĞtĂƚĞƌŶĚtĂƐƚĞǁĂƚĞƌhƚŝůŝƚǇ;ĂǁǁƵͿƌϭ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ '>Z^dϯdƌt>>ϭ͖Wt^/ϮϭϬϵϬϲDKDhE//W>/dz>ϮϬϵϴϮϴ Ϯϲϯ ^ϬϭϰEϬϬϭtϬϳ^tE^t^t ϲϭ͘ϯϭϮϳϳϬϴ Ͳϭϰϵ͘ϱϯϱϰϲϭ WƵďůŝĐ^ƵƉƉůǇ ^tϭϲϵ&ddK͕ϭϱϬ'WD,/<>Khyt>>͘^dKϮϱϮ&d ^ZEdKϮϲϯ&d͕dK Ϯϲϱϯ ϮϭϯϵϬϰ E,KZ'^,KK>/^dZ/d͕WdZD/'E DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ WdZD/'Edƌϭt>>Ϯ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϯϮϮ ^ϬϭϰEϬϬϭtϭϳE^^tEt ϲϭ͘ϯϬϱϮϴϰ Ͳϭϰϵ͘ϱϬϯϯϴϱ WƵďůŝĐ^ƵƉƉůǇ Ϯϲϱϰ ϮϭϯϵϬϰ E,KZ'^,KK>/^dZ/d͕WdZD/'E DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ WdZD/'Edƌϭt>>ϭ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϯϱϴ ^ϬϭϰEϬϬϭtϭϳEEt^tEt ϲϭ͘ϯϬϲϰϳ Ͳϭϰϵ͘ϱϬϲϭϮ WƵďůŝĐ^ƵƉƉůǇ ^tϮϬ&d͖ϭϱ'WDz/>͘ ϮϳϮϳ ϮϳϬϱϴϮ h^/WZK'ZDs>KWDEdΘKKZ/Ed/KE͕,s<^,<ĂƐŚƵŶĂŵŝƵƚZ ,s<^,KK>͖EŽŶͲWƵďůŝĐ͖&ŽƌŵĞƌWt^/ϮϳϬϱϴϮ<^,hED/hd^,s<^ϭϴϳ ^ϬϭϳEϬϵϬtϮϳ^^^t^t ϲϭ͘ϱϮϳϵϯ Ͳϭϲϱ͘ϱϴϲϲ WƵďůŝĐ^ƵƉƉůǇ ^tϮϵ͘ϱ&d>^͕ϮϬ'WD͕^ϭϴϭ͘ϱ&dt/d,ϱ&d^ZEϭϵϱϳ t>>͕ϮϬϬ&d&ZKD^,KK>dKtZ^s/>>'͕&ZKE WZD&ZK^dϱ&ddKϭϳϱ&d͕hdhE&ZKEϭϯϱ&ddKϭϰϱ&d Wd,Ez/>hE<EKtE Ϯϳϳϵ ϮϰϮϬϵϮ t,>Zǭ^>h&&,DKtZ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ t,>Z^>h&&dKtE,KD^>ϭ͖EŽŶͲWƵďůŝĐ;ĨŽƌŵĞƌůǇWt^/ϮϰϮϬϵϮͿ͖>ŽĐĂƚŝŽŶϭϳϬ ^ϬϬϱEϬϭϭtϭϵEEEtE ϲϬ͘ϱϭϲϭϮϭϵϭ Ͳϭϱϭ͘ϮϳϬϴϳϮ WƵďůŝĐ^ƵƉƉůǇ KDDhE/dzt>> Ϯϴϲϵ ϮϳϬϯϯϴ h^/͕,&KZE<͕/dzK& >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ ,&KZE<͕EZ/^,KK>ZDKZz͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϭϴ ^ϬϬϭEϬϴϲtϭϵ^^tE^ ϲϬ͘ϭϱϴϵϳϱ Ͳϭϲϰ͘Ϯϳϯϲϵϯ WƵďůŝĐ^ƵƉƉůǇ ^tϱ͘ϳϱ&d͕͍'WD>sd/KEϭϱ&d͕WZD&Z^KddKϵϱ&d͘ ^dKϭϬϴ&d͕^ZEdKϭϭϴ&d ϯϬϰϬ Ϯϭϯϱϲϰ ^ƉƌŝŶŐ&ŽƌĞƐƚ,ŽŵĞŽǁŶĞƌƐƐƐŽĐŝĂƚŝŽŶ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^WZ/E'&KZ^ddƌϮ͖Wt^/Ϯϭϯϱϲϰ^WZ/E'&KZ^d,KDKtE>^ϯϴϰϰ ϯϬϴ ^ϬϭϮEϬϬϯtϭϰEt^tEt^t ϲϭ͘ϭϮϳϵϰϭϭ Ͳϭϰϵ͘ϳϳϯϯϵϮ WƵďůŝĐ^ƵƉƉůǇ KƌŝŐŝŶĂůĐĂƐŝŶŐƌƵƐƚĞĚƚŚƌŽƵŐŚΛϮϳϲΖŝŶϮϬϭϬ͘&ŝůůĞĚǁŝƚŚ ďĞŶƚŽŶŝƚĞĐŚŝƉƐƚŽϮϲϱΖ͘WĞƌĨŽƌĂƚĞĚϮϮϰΖƚŽϮϰϰΖ͘^ĞĞǁĞůůůŽŐƐ͘ ϯϬϴϳ ϮϳϬϯϭϮ h^/͕,KKWZz >ŽǁĞƌzƵŬŽŶZ ,KKWZzW,^t>>͖Wt^t>ϬϬϭ;t>>>K'/сW,^ϲϯͲϰ>Ϳ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚϭϮϲ ^ϬϭϳEϬϵϯtϮϲ^t^E^t ϲϭ͘ϱϯϬϴϮ Ͳϭϲϲ͘Ϭϵϲϰ WƵďůŝĐ^ƵƉƉůǇ ^tϭϲ&d͕ϯ͘ϲ'WD&h>>^t/d,ϱ&d^ZEKEKddKD ϯϭϰϱ ϮϲϬϬϵϬ hƐŝĂ͕DĂŶŽŬŽƚĂŬ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ DEK<Kd<K>s/>>'Wt^/ϮϲϬϬϵϬ ϰϴ ^Ϭϭϰ^ϬϱϵtϭϮ WƵďůŝĐ^ƵƉƉůǇ ϯϭϴϳ ϮϮϬϬϮϬ t^/>>KDDhE/dz,hZ,K&'K DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ZZ/'ϭ>Ϭϱϯ͕t/<Z^,Dtz͖Wt^/ϮϮϬϬϮϬt^/>>KDDhE/d ϭϱϬ ^ϬϭϳEϬϬϭϬϳ^tEtEt^t ϲϭ͘ϱϳϲϰϭϰ Ͳϭϰϵ͘ϯϱϴϵϭϵ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬϱ&d>^͕ϮϬ'WDt>>>K',^KE&h^/E'>Kd/KE> /E&KZDd/KE&h>>^͕KWEE ϯϮϭϮ ϮϭϬϯϰϲ 'ƌĞĞŶďƌŽŽŬ^Ƶď DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ 'ZEZKK<>Ϭϭϱ͖Wt^/ϮϭϬϯϰϲ'ZEZKK<^͕ͬt>ϬϬϮ;t>^ϵϵϭϭ ϴϰ ^ϬϭϮEϬϬϯtϮϲEtEtEtE ϲϭ͘ϭϬϴϬϴϵϰ Ͳϭϰϵ͘ϳϱϳϵϯϱ WƵďůŝĐ^ƵƉƉůǇ ϯϮϭϱ ϮϮϳϭϰϵ 'ZEs>>z,KDKtEZ^^^K/d/KE DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'ZEs>>zdƌ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϭϵ ^ϬϭϳEϬϬϮϬϳ^tEE^ ϲϭ͘ϱϳϲϲϬϲ Ͳϭϰϵ͘ϭϱϬϯϰϱ WƵďůŝĐ^ƵƉƉůǇ ^tϲϴ͘ϳ&d͕ϭϱϱ'WD͘ ϯϮϮϭ ϮϮϲϮϰϬ ^ddK&>^<͕/sKZZd/KE^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ W>DZKZZd/KE>EdZ͖Wt^t>ϬϬϭ;t>>ηϭͿ͖>ŽĐĂƚŝŽŶ>^ϭϮϴϯ ϰϲϮ ^ϬϭϵEϬϬϮϯϲ^^tEt^ ϲϭ͘ϲϵϬϱϰϰ Ͳϭϰϵ͘ϬϬϵϵϯϵ WƵďůŝĐ^ƵƉƉůǇ ^tϰϭϭ&d>^͕ϱϬн'WD'>EE,/'tzDϬϱϴ͘Ϭ&h>>^͕ ^ZEϰϱϮ&ddKϰϲϮ&d>^ϭϮϴϯ/^>K^ ϯϮϮϱ ϮϭϯϳϵϮ ,ŽůĚŝŶŐ͕ů DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ WZ<Z/'dƌϮ͖Wt^/ϮϭϯϳϵϮ'>Z^dKEK^^^E͕͘t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀ ϮϮϴ ^ϬϭϮEϬϬϯtϮϬ^Et^Et ϲϭ͘ϭϭϴϯϮϬϱ Ͳϭϰϵ͘ϴϱϯϬϳϯ WƵďůŝĐ^ƵƉƉůǇ ϯϯϵϮ Ϯϭϯϱϰϴ ,/>>dKW^</Z DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ,/>>dKW^</>K'Z͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘>^ϭϬϮϲ ϳϵ ^ϬϭϮEϬϬϯtϭϮEtEt^t^t ϲϭ͘ϭϰϬϳϬϳ Ͳϭϰϵ͘ϳϰϯϵϲϴ WƵďůŝĐ^ƵƉƉůǇ ϯϰϮϮ ϮϭϮϬϯϵ hƐŽĚ͕ŽƌƉƐKĨŶŐŝŶĞĞƌƐ͕ƌĞǀ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ &KZdZ/,Z^KE͖Wt^/ϮϭϮϬϯϵKzKEhd/>/d/^:ZͲZ/,>ϰϱϴϰϬ ϭϲϲ ^ϬϭϯEϬϬϯtϬϭEt^Et^ ϲϭ͘Ϯϰϭϰϴϭϴ Ͳϭϰϵ͘ϳϮϴϰϳ WƵďůŝĐ^ƵƉƉůǇ ^tϮϰ͘ϳ&d͕ϭϭϴϭ'WDt/d,ϲϰ&dZtKtEϭϲΗ^t/d, ϮϬ&d^ZEyWK^dKddKD ϯϰϮϯ ϮϭϮϬϯϵ hƐŽĚ͕ŽƌƉƐKĨŶŐŝŶĞĞƌƐ͕ƌĞǀ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ &KZdZ/,Z^KE͖Wt^/ϮϭϮϬϯϵKzKEhd/>/d/^:ZͲZ/,>ϰϱϴϰϭ ϭϲϮ ^ϬϭϯEϬϬϯtϬϭ^^^E ϲϭ͘Ϯϰϯϭϳϵϯ Ͳϭϰϵ͘ϳϮϰϴϲϵ WƵďůŝĐ^ƵƉƉůǇ ^tϯϳ&d͕͍'WDt/d,͍&dZtKtEϭϲΗ^t/d,ϮϬ&d ^ZEyWK^dKddKD ϯϰϮϰ ϮϭϮϬϯϵ hƐŽĚ͕ŽƌƉƐKĨŶŐŝŶĞĞƌƐ͕ƌĞǀ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ &KZdZ/,Z^KE͖Wt^/ϮϭϮϬϯϵKzKEhd/>/d/^:ZͲZ/,>ϰϱϴϰϮ ϭϰϱ ^ϬϭϯEϬϬϯtϬϭ^tEt^t^ ϲϭ͘Ϯϯϵϯϰϵϰ Ͳϭϰϵ͘ϳϯϮϴϭϵ WƵďůŝĐ^ƵƉƉůǇ ^tϯϭ&d͕ϭϮϬϬ'WDt/d,ϲϮ&dZtKtEϭϲΗ^t/d, ϮϬ&d^ZEyWK^dKddKD ϯϱϱϴ ϮϳϭϮϱϯ hƐŝĂ͕EĂƉĂŬŝĂŬ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ EW</<͖Wt^/ϮϳϭϮϱϯ><^EW</<,^Θ>D͕t>ϬϬϭ;,K>EK͘ϮͿ͖ϯĨĞĞƚ ϭϮϮ͘ϯϯ ^ϬϬϳEϬϳϮtϭϳEt^tEt^t ϲϬ͘ϲϵϰϰϯϱϭ Ͳϭϲϭ͘ϵϳϬϲϭϮ WƵďůŝĐ^ƵƉƉůǇ ϯϱϱϵ ϮϲϬϭϮϭ hƐŝĂ͕EĂƉĂŬŝĂŬ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ EW</<͖Wt^/ϮϲϬϭϮϭEW</<tdZ^z^dD͕t>ϬϬϭ;/dzt>>;>^KW,ϭϭϲ ^ϬϬϳEϬϳϮtϭϳ^tEtEt^ ϲϬ͘ϲϵϰϭϴϳϮ Ͳϭϲϭ͘ϵϲϲϮϰϴ WƵďůŝĐ^ƵƉƉůǇ KD/^^/KEt>> ϯϱϲϬ ϮϲϬϲϯϰ h^/͕Et,>E >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Et,>E/^,KK>͖Η,ŽůĞηϰΗ͖Wt^/ϮϲϬϲϯϰ>ΘW^Et,>E^,KK>͕t ϭϮϴ ^ϬϬϱ^ϬϯϯtϮϴ^EtEE ϱϵ͘ϳϮϬϭϵ Ͳϭϱϰ͘ϴϵϰϮϯ WƵďůŝĐ^ƵƉƉůǇ ^tϭϳ͘ϴϯ&d͖ϭϱ'WD͘ ϯϱϲϭ ϮϳϬϳϰϰ hƐŝĂ͕KƐĐĂƌǀŝůůĞ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ K^Zs/>>/^,KK>͖Wt^/ϮϳϬϳϰϰ><^K^Zs/>>,^Θ>D͕t>ϬϬϭ͖>Ž ϳϵ ^ϬϬϳEϬϳϭtϬϱ^^tE^ ϲϬ͘ϳϮϮϴϬϴϴ Ͳϭϲϭ͘ϳϳϭϴϱϭ WƵďůŝĐ^ƵƉƉůǇ ϯϲϯϳ ϮϮϭϮϬϴ EtKD͕,ZK> DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t^/>>t^d>͖Wt^t>ϬϬϭ;tĞůůηϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>ϮϬϰϮϳϲ ϴϬ ^ϬϭϳEϬϬϮtϭϮEEtEtE ϲϭ͘ϱϴϰϯ Ͳϭϰϵ͘ϱϱϰϬϭ WƵďůŝĐ^ƵƉƉůǇ ϰϬϭϰ ϯϭϬϴϯϳ ,>D^͕'Z'KZz &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ /Z,s/tdZ/>ZWZ<͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϵϬ &ϬϬϭEϬϬϭϯϬ^tEEtE ϲϰ͘ϴϵϭϮϮ Ͳϭϰϳ͘ϲϮϭϱϲ WƵďůŝĐ^ƵƉƉůǇ ϰϭϳϮ ϯϬϬϰϴϰ ^WZ/E'^͕s/>>'K& zƵŬŽŶͲ<ŽǇƵŬƵŬZ DE>z,Kd^WZ/E'^͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^ϭϬϱϬ ϵϲ &ϬϬϮEϬϭϱtϬϵ^^t^t^ ϲϱ͘ϬϬϴϯϮ ͲϭϱϬ͘ϲϬϵϲϲ WƵďůŝĐ^ƵƉƉůǇ ^tϱϵ&d͕ϭϬ'WD͖tdZYh>/dzdK>>d ϰϰϲϲ ϮϭϱϲϮϭ ^Khd,'>E,Z/^d/E DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ Wt^/ϮϭϱϲϮϭ<KZEhE/dDd,K/^d,hZ,͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ ϮϬϱ ^ϬϭϮEϬϬϯtϭϱ^^tEtEt ϲϭ͘ϭϯϰϲϱϯ Ͳϭϰϵ͘ϴϬϭϮϬϵ WƵďůŝĐ^ƵƉƉůǇ EKt>>>K' ϰϵϬϴ ϮϭϱϱϮϰ DĂƌƐŚĂůů͕ŝůů DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ t'W/WW>ϭϵϱϭ>ϬϱϮ͖Wt^/ϮϭϱϱϮϰDdZKWZdDEd^͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞ ϰϮ ^ϬϭϰEϬϬϮtϬϭEt^t^t^t ϲϭ͘ϯϮϲϯϱϴϴ Ͳϭϰϵ͘ϱϲϴϰϲϲ WƵďůŝĐ^ƵƉƉůǇ ϱϯϲϵ ϮϮϬϰϳϯ 'ŽŶĚĞƌ͕Žď DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DW>>Z^>ϬϮϭ͖Wt^/ϮϮϬϰϳϯDZKEZ^͕t>ϬϬϭ>^ϯϮϬϳϬ ϭϯϳ ^ϬϭϳEϬϬϭϬϳ^tEtEEt ϲϭ͘ϱϴϯϰϵϮϯ Ͳϭϰϵ͘ϯϱϬϰϬϯ WƵďůŝĐ^ƵƉƉůǇ EKDW>>Z^^h/s/^/KE/EDdͲ^hKZK͘ ϱϳϮϮ ϮϭϬϵϬϲ ŶĐŚŽƌĂŐĞtĂƚĞƌŶĚtĂƐƚĞǁĂƚĞƌhƚŝůŝƚǇ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ t>>ϳ͖Wt^/ϮϭϬϵϬϲDKDhE//W>/dzK&E,KZ'͕t>>ϲϱϳϴϳ ϮϳϬ ^ϬϭϯEϬϬϯtϯϬ^^Et^ ϲϭ͘ϭϴϰϳϭϭϱ Ͳϭϰϵ͘ϴϳϲϮϯϲ WƵďůŝĐ^ƵƉƉůǇ KK</E>dYh/&Z^z^dD ϱϳϳϰ ϮϮϰϬϳϴ ZK'Z^Z>dz DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ^,ZtKK^dd^Ϯ>Ϭϯϯ͖Wt^t>ϬϬϮ;t>>ηϮͲKDD/^>^ϭϰϴϳ ϲϬ ^ϬϭϴEϬϬϮtϯϰ^t^tE^ ϲϭ͘ϲϬϯϴϭϵ Ͳϭϰϵ͘ϲϬϴϰϬϰ WƵďůŝĐ^ƵƉƉůǇ ^tϴ&d>^͕ϭϬϬ'WDdtKK>t>>^KE>Kd KDD/^^/KEϬϵͬϯϬͬϮϬϭϬ^dKϱϬ&d͕^ZEdKϲϬ&d EK>K'^&KZd,^K>Zt>>^ ϱϵϬϱ Ϯϭϭϴϵϳ DŝĚƚŽǁŶĞŶƚĞƌ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^WEZZ^>Ϭϯ͕DK/>,KD^͖Wt^/Ϯϭϭϴϵϳ<d,zK >ϰϰϳϯϱ ϭϲϬ ^ϬϭϯEϬϬϰtϮϱ^tEE^ ϲϭ͘ϭϴϲϲϵϴϵ Ͳϭϰϵ͘ϵϬϬϵϮϱ WƵďůŝĐ^ƵƉƉůǇ EKt>>>K's/>> ϲϬϴϭ ϯϭϬϳϴϬ ^ƉůŝƚƐƚŽƐĞƌ͕'ĞŽƌŐĞ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ d>ϯϭϱϮ͖Wt^/ϯϭϬϳϴϬdhZd>>h͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϳϱ &ϬϬϮEϬϬϭϯϭE^^^t ϲϰ͘ϵϱϮϬϴϳϰ Ͳϭϰϳ͘ϲϮϵϴϬϳ WƵďůŝĐ^ƵƉƉůǇ ϲϮϲϬ ϮϮϰϭϲϳ sŝĐƚŽƌŝĂƐƚ,ŽĂ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ s/dKZ/^dd^dƌ͖Wt^/ϮϮϰϭϲϳs/dKZ/^dd^͕t>ϬϬϭ>^ϭϯϴϯϰ Ϯϲϰ ^ϬϭϳEϬϬϮtϯϰEE^Et ϲϭ͘ϱϮϯϰϬϳ Ͳϭϰϵ͘ϲϭϳϴϱ WƵďůŝĐ^ƵƉƉůǇ ^t͍&d͕z/>͍'WDKDD/^/KEhdKZ^E/^ Θ^ZE͕<&/>>͍KD/^^/KEt>> ϲϮϲϭ ϮϮϰϭϲϳ sŝĐƚŽƌŝĂƐƚĂƚĞƐ,ŽŵĞKǁŶĞƌƐƐƐŽĐŝĂƚŝŽŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ s/dKZ/^dd^dƌϴ͖Wt^/ϮϮϰϭϲϳs/dKZ/^dd^͕t>Ϭ>^ϭϯϴϯϰ ϭϲϮ ^ϬϭϳEϬϬϮtϯϰEE^Et ϲϭ͘ϱϮϯϰϬϰ Ͳϭϰϵ͘ϲϭϳϳϱϭ WƵďůŝĐ^ƵƉƉůǇ ^tϲϬ&d͕z/>ϭϬн;͍Ϳ'WDͲ^d/DdKEWZKWK^h^ϴΗ ^dKϭϭϳ&d͕^ZEdKϭϯϳ&d͕<&/>> ^ƚĂƚĞǁŝĚĞWƵďůŝĐtĞůůƐͲt>d^ >ŽŐ/Ě Wt^/ KǁŶĞƌ ZĞŐŝŽŶ WĂƌĐĞůĞƐĐƌŝƉƚŝŽŶ >^ tĞůů ĞƉƚŚ DdZ^ >ĂƚŝƚƵĚĞ >ŽŶŐŝƚƵĚĞ tĞůůhƐĞ ƌŝůůĞƌƐŽŵŵĞŶƚƐ ^ƚĂƚĞǁŝĚĞWƵďůŝĐtĞůůƐͲt>d^ ϲϮϲϮ ϮϮϰϭϲϳ sŝĐƚŽƌŝĂƐƚ,ŽĂ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ s/dKZ/^dd^dƌ͖Wt^/ϮϮϰϭϲϳs/dKZ/^dd^͕t>ϬϬϯ>^ϭϯϴϯϰ ϭϰϭ ^ϬϭϳEϬϬϮtϯϰEtE^Et ϲϭ͘ϱϮϯϰϭϰ Ͳϭϰϵ͘ϲϭϴϰϱϲ WƵďůŝĐ^ƵƉƉůǇ ^tϱϳ&d͕ϱϬϬ'WD:DKZZ/^^dKϭϭϳ&d͕^ZEdKϭϯϴ &d͕<&/>> ϲϯϲϰ ϯϭϬϴϵϱ dKtEΘKhEdZzdZ/>ZKhZd &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ dKtEΘKhEdZzdZ/>ZKhZd͕&/ZE<^͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϮϬϵ &ϬϬϭEϬϬϭtϮϰE^tE^t ϲϰ͘ϴϵϳϯϳϵ Ͳϭϰϳ͘ϲϳϬϴϱϮ WƵďůŝĐ^ƵƉƉůǇ ϲϯϲϴ ϯϭϬϴϬϯ EĞůƐŽŶ͕ZŽŶ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ D'Zd,ZK͕&/ZE<^͕Wt^s/>>'DK/>,KDWZ<͕>Ăƚͬ>ŽŶŐůŽĐĂƟŽŶ Ϯϭϴ &ϬϬϭEϬϬϭtϮϰEEt^^t ϲϰ͘ϴϵϱϳϬϲϮ Ͳϭϰϳ͘ϲϲϴϱϭϴ WƵďůŝĐ^ƵƉƉůǇ ϲϱϮϳ ϮϭϭϬϵϭ ^Khd,WZ<^dd^ͬ,hEzKhE'tKK DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^Khd,WZ<dZ/>ZKhZd͕EKZd,ZE>/',d^ϵ͖Wt^t>ϬϬϭ>ϰϰϲϮϰ Ϯϰϱ ^ϬϭϯEϬϬϰtϮϱE^EE ϲϭ͘ϭϵϯϬϯϯ Ͳϭϰϵ͘ϴϵϳϳϮ WƵďůŝĐ^ƵƉƉůǇ EKt>>>K'͘^ϮϱϴϴϰDz,sEKDD/^/KE dK&KDW>d/KE^KEtdZZ/',dWZ/KZ/dzd͘ ϲϲϱϮ ϮϮϳϱϯϵ hƐƵƌĞĂƵKĨZĞĐůĂŵĂƚŝŽŶ͕ŬůƵƚŶĂWůĂŶƚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ <>hdEW>Ed͕DϯϮ͘ϳ'>EE,/',tz͖Wt^/ϮϮϳϱϯϵdt/EW>ϰϰϵϰϲ ϭϬϯ ^ϬϭϲEϬϬϮϭϴ^Et^t^t ϲϭ͘ϰϳϭϰϬϱ Ͳϭϰϵ͘ϭϳϴϯϮϵ WƵďůŝĐ^ƵƉƉůǇ ^tϮϯ͘ϱ&d>^͕ϯϬ'WD^dKϲϱ&d͕WZ&^ ϲϲϲϮ ϮϮϬϰϰϮ s/<ZzKh^͕Ed,KEz DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ tĞůůηϯ͘EdZ>KDDZ/>WZ<>ϭϯ͘Wt^t>ϬϬϭ͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϭϬϵ ^ϬϭϳEϬϬϭϬϲ^t^^^ ϲϭ͘ϱϴϱϯϲϭ Ͳϭϰϵ͘ϯϯϯϮϲϱ WƵďůŝĐ^ƵƉƉůǇ ϲϳϲϴ ϯϳϮϰϯϭ tŚŝƚĞƐƚŽŶĞ&ĂƌŵƐ ĞůƚĂͲ'ƌĞĞůǇZ t,/d^dKE&ZD^Z,Kh^͕t>ϬϬϭ;EŽŶͲWƵďůŝĐǁĂƚĞƌƐǇƐƚĞŵͿ͖>ŽĐĂƚŝŽŶǀ ϱϳ &ϬϬϵ^ϬϬϵϭϮEEt^Et ϲϰ͘ϭϱϯϴϰϲϳ Ͳϭϰϱ͘ϴϴϴϴϰ WƵďůŝĐ^ƵƉƉůǇ ϲϳϳϭ ϯϭϬϮϳϳ ^ƚĂƚĞKĨůĂƐŬĂ͕Žƚ͕&Žǆ^ƉƌŝŶŐ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ &Ky^WZ/E'͕^ddK&>^<͕Kdtz^/͖Wt^/ϯϭϬϮϳϳKdΘW&&Kytd Ϯϳ &ϬϬϮEϬϬϭϯϭEtEtEtE ϲϰ͘ϵϲϯϵϱϴϳ Ͳϭϰϳ͘ϲϮϲϱϳϮ WƵďůŝĐ^ƵƉƉůǇ ^WZ/E'ZtKZ</EdKt>>͕KZ/'/E>&>Kt͕͍'WD D:KZWh>/tdZ^hWW>z͕Wd,Θd^d/DdϲΗ ^/E'͕^ZEϭϮͲϮϳ&d ϲϴϮϳ ϮϭϬϵϬϲ ŶĐŚŽƌĂŐĞtĂƚĞƌŶĚtĂƐƚĞǁĂƚĞƌhƚŝůŝƚǇ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ t>>ϭϮ͖Wt^/ϮϭϬϵϬϲDKDhE//W>/dzK&E,KZ'͕t>ϮϬϮϵϵϳ ϯϭϮ ^ϬϭϯEϬϬϯtϯϬEtE^^t ϲϭ͘ϭϴϯϰϱϲϰ Ͳϭϰϵ͘ϴϴϱϱϱϵ WƵďůŝĐ^ƵƉƉůǇ KK</E>dYh/&Z^z^dD ϲϴϯϴ ϮϭϯϮϵϳ hZKs/>>DK,DW< DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ >ϭϯϲ͕ϭϯϳ͕ϭϰϲ͕ϭϰϳ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϱϵ ^ϬϭϱEϬϬϭtϬϵEEt^^t ϲϭ͘ϰϬϬϴϰϴ Ͳϭϰϵ͘ϰϲϵϲϱ WƵďůŝĐ^ƵƉƉůǇ ϲϴϰϴ ϮϭϯϱϮϮ 'ZK^^͕:K,E DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^>Wz,K>>KtϮ>ϭϱϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϵϰ ^ϬϭϱEϬϬϭtϭϱ^tEtE^t ϲϭ͘ϯϴϴϴϮϴ Ͳϭϰϵ͘ϰϰϭϯϲϯ WƵďůŝĐ^ƵƉƉůǇ ϳϬϭϲ ϮϭϰϳϬϲ >ĞĞĂŬĞƌŽŶƐƚƌƵĐƚŝŽŶ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ KhEdZz>E^dd^dƌ͖KƌŝŐŝŶĂůůǇWt^/ϮϭϰϳϬϲKhEdZz>^ϲϱϭϲ ϮϴϬ ^ϬϭϮEϬϬϰtϬϰ^^tE^t ϲϭ͘ϭϱϲϮϯϬϵ ͲϭϱϬ͘ϬϬϭϰϱ WƵďůŝĐ^ƵƉƉůǇ ϳϭϭϲ ϮϮϲϰϮϴ 'ZEs>>z,KDKtEZ^^^K/d/KE DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'ZEs>>zdƌ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^ϭϭϱ ϭϰϴ ^ϬϭϳEϬϬϮϬϳ^tEtE^ ϲϭ͘ϱϳϲϱϳϰ Ͳϭϰϵ͘ϭϱϰϬϲϰ WƵďůŝĐ^ƵƉƉůǇ ϳϭϴϯ ϮϵϮϬϵϵ ĞŶƚƌĂůůĂƐŬĂDŝƐƐŝŽŶ ŽƉƉĞƌZŝǀĞƌZ h^^ϯϭϵϳ>Ϭϳ;͍Ϳ͕EdZ><D/^^/KE͕'>EE>>E͕ηϯ͍͖Wt^/ϮϵϮϬϵϵ>^<ϭϴϮ ϬϬϰEϬϬϮtϮϯEt^^E ϲϮ͘ϭϭϰϳϱϯϳ Ͳϭϰϱ͘ϱϮϵϳϯϵ WƵďůŝĐ^ƵƉƉůǇ EKt>>>K' ϳϭϴϰ ϮϵϮϬϵϵ ĞŶƚƌĂůůĂƐŬĂDŝƐƐŝŽŶ ŽƉƉĞƌZŝǀĞƌZ h^^ϯϭϵϳ>Ϭϳ;͍Ϳ͕EdZ><D/^^/KE͕'>EE>>E͕ηϰ͍͖Wt^/ϮϵϮϬϵϵ>^<ϭϰϮ ϬϬϰEϬϬϮtϮϯ^Et^E ϲϮ͘ϭϭϱϳϲϬϴ Ͳϭϰϱ͘ϱϯϭϯϳϮ WƵďůŝĐ^ƵƉƉůǇ EKt>>>K' ϳϰϯϵ Ϯϵϭϰϵϵ ŝƐŚŽƉ͕^Ăŵ ŽƉƉĞƌZŝǀĞƌZ hE<EKtE>Kd͕'>EE>>EZ͕Wt^/Ϯϵϭϰϵϵt>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϭϬϯ ϬϬϰEϬϬϮtϮϰ^^t^^t ϲϮ͘ϭϬϲϲϲϰ Ͳϭϰϱ͘ϱϭϲϲϯϭ WƵďůŝĐ^ƵƉƉůǇ ϳϰϲϲ ϮϵϭϰϬϳ KWWZs>>z^,KK>/^dZ/d ŽƉƉĞƌZŝǀĞƌZ '>EE>>E,/',^,KK>͖Wt^/ϮϵϭϰϬϳZ^'>EE>>E,/',^,KK>͕t>ϭϴϬ ϬϬϰEϬϬϮtϮϯ^^^E ϲϮ͘ϭϭϯϰϵ Ͳϭϰϱ͘ϱϮϳϭϯ WƵďůŝĐ^ƵƉƉůǇ ϳϰϵϳ ϮϰϳϰϵϬ ^ƚĂƚĞKĨůĂƐŬĂ͕ŽƚΘWĨ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ E,KZWK/Edttϭ;t^t>>ϰͿ͖^ĂŵĞĂƐtĞůů>ŽŐϰϱϱϭϳ͖Wt>^ϭϮϳϲϱ ϭϵ ^ϬϬϱ^ϬϭϱtϬϰEtEt^tE ϱϵ͘ϳϳϱϲϲϭϱ Ͳϭϱϭ͘ϴϰϭϭϴϳ WƵďůŝĐ^ƵƉƉůǇ ^tϭϭ͘ϲϳ&dϭϬͬϭϯͬϴϴ͕͍'WD&h>>^t/d,^E^ZEϭϰ &ddKϭϵ&d ϳϱϯϵ ϮϮϳϭϵϵ dhZEZKE^dZhd/KE DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Yh^dZ/EZ^>ϭϴϱ͕t>>ηϮ͖Wt^/ϮϮϳϭϵϵYh^dZ/E>^ϭϮϳϬ ϭϲϰ ^ϬϭϴEϬϬϮϯϭ^tEt^^t ϲϭ͘ϲϬϭϵϴϳ Ͳϭϰϵ͘ϭϳϬϯϭϵ WƵďůŝĐ^ƵƉƉůǇ tdZYh>/dzdK>>d ϳϱϲϱ ϮϮϰϱϱϳ Θ: DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Z/EKtEdZ͕t>>ϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ >^ϮϬϴϮ ϭϬϭ ^ϬϭϳEϬϬϮtϬϵ^^EE ϲϭ͘ϱϴϮϯϴ Ͳϭϰϵ͘ϲϯϯϯϳ WƵďůŝĐ^ƵƉƉůǇ ϳϱϲϲ ϮϮϰϱϱϳ Θ: DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Z/EKtEdZ͕t>>Ϯ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ >^ϮϬϴϮ ϭϬϭ ^ϬϭϳEϬϬϮtϬϵ^^EE ϲϭ͘ϱϴϮϯϴ Ͳϭϰϵ͘ϲϯϯϬϴ WƵďůŝĐ^ƵƉƉůǇ ϳϱϵϳ ϮϮϳϭϵϵ dhZEZKE^dZhd/KE DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Yh^dZ/EZ^>ϭϴϱ͕t>>ηϭ͖Wt^/ϮϮϳϭϵϵYh^dZ/E>^ϭϮϳϬ ϭϲϴ ^ϬϭϴEϬϬϮϯϭ^tEt^^t ϲϭ͘ϲϬϭϵϭϵ Ͳϭϰϵ͘ϭϳϬϰϭϴ WƵďůŝĐ^ƵƉƉůǇ ϳϴϱϳ ϯϭϬϴϳϵ sZ͕D> &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ Z/EKts>>z͕&/ZE<^͖Wt^t>ϬϬϭ;tĞůůηϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϮϴ &ϬϬϭEϬϬϭϯϬEEtEE ϲϰ͘ϴϵϭϴϴ Ͳϭϰϳ͘ϲϭϰϮϴ WƵďůŝĐ^ƵƉƉůǇ ϳϵϰϭ ϮϮϰϭϬϵ /dzK&t^/>>͕>z>/E DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ŝƚǇŽĨtĂƐŝůůĂ͖>ĂĐǇ>ĂŝŶĞ^ƵďĚŝǀŝƐŝŽŶ͕dƌĂĐƚůŽĐŬϮ>z>/E >^ϭϱϰϭ ϭϴϭ ^ϬϭϳEϬϬϭtϬϯEEEEt ϲϭ͘ϱϵϴϵϱϯ Ͳϭϰϵ͘ϰϯϲϴϴϯ WƵďůŝĐ^ƵƉƉůǇ ^tϴϬ&d͕ϲϬ'WD&h>>^͕WZ&ϭϲϬ&ddKϭϳϱ&d ϴϬϰϳ Ϯϵϭϱϵϲ <EEz><KDDhE/dz>'h ŽƉƉĞƌZŝǀĞƌZ <EEz><͕Dϭϳ͘ϱEt'ZdKE,tz͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶ >ϮϬϯϱϰϰ Ϯϯϴ ϬϬϮ^ϬϬϮϬϯEE^E ϲϭ͘ϳϮϲϱϭϳ Ͳϭϰϱ͘ϬϭϭϲϵϮ WƵďůŝĐ^ƵƉƉůǇ ^tϭϵϴ&ddK͕ϭϯ'WD&h>>^͕KWEE ϴϬϰϴ ϮϵϰϬϬϮ ^ddK&>^<͕KdΘW&͕<EEz>< ŽƉƉĞƌZŝǀĞƌZ <EEz><,/',^,KK>͖Wt^/ϮϵϰϬϬϮZ^<EEz><,/',^,KK>͕t>ϬϬ Ϯϯϱ ϬϬϮ^ϬϬϮϬϮEtE^tEt ϲϭ͘ϳϮϲϭϴϵ Ͳϭϰϱ͘ϬϬϲϲϬϭ WƵďůŝĐ^ƵƉƉůǇ ϴϭϭϯ ϯϭϬϲϴϯ hE/sZ^/dzK&>^<͕&/ZE<^Ͳ,d/E'W>Ed &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ ,d/E'W>Edt>>ϭͲK&&'/^dZK͖Wt^t>ϬϬϯ;t>>ϮĂ>^ϭϯϱϮϲ ϴϮ &ϬϬϭ^ϬϬϭtϬϲE^^^t ϲϰ͘ϴϱϬϮϵ Ͳϭϰϳ͘ϴϯϬϱϵ WƵďůŝĐ^ƵƉƉůǇ ϮϰΗW/W͘ϭϭϮϬ'WD͘ ϴϯϱϯ ϮϭϬϱϰϬ dŚƵŶĚĞƌŝƌĚDŽƚĞů DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^WEZ><WZ<>ϭĂŶĚϰůŬϯϰϰϬϬ^ƉĞŶĂƌĚZĚ͘ŶĐŚŽƌĂŐĞ͕<ϭϭϳ ^ϬϭϯEϬϬϰtϯϱEEtEtE ϲϭ͘ϭϴϬϮϬϮϱ Ͳϭϰϵ͘ϵϯϴϳϵϳ WƵďůŝĐ^ƵƉƉůǇ ϴϲϮϳ ϮϮϲϬϮϬ W>DZ͕/dzK& DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϬϬϱ͕W>DZ/dzt>>ϭ͘&ŽƌtĂƚĞƌZŝŐŚƚ^ĞĞůƐŽ>^ϯϬϭϳ͖Wt>ϮϬϭϯϮϰ ϲϮϰ ^ϬϭϴEϬϬϮϯϭ^^^E ϲϭ͘ϲϬϳϲϵϮ Ͳϭϰϵ͘ϭϰϵϱϵϮ WƵďůŝĐ^ƵƉƉůǇ D/^>Kd͖>Kd/KE/^^ϭϴͲϮͲϯϭ͘&ŽƌtĂƚĞƌZŝŐŚƚ^ĞĞ ůƐŽ>^ϯϬϭϳ ϴϲϴϳ ϮϰϭϬϱϰ ^K>KdE͕/dzK& <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ^WE&>d^>ϮϬ͖Wt^t>ϬϬϱ;t>>Ϳ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>ϱϮϯϰϮ Ϯϭϭ ^ϬϬϱEϬϭϬtϮϵ^tEt^t^ ϲϬ͘ϰϵϬϮϱϯ Ͳϭϱϭ͘Ϭϳϭϯϴ WƵďůŝĐ^ƵƉƉůǇ ϴϴϮϲ ϮϮϭϴϯϰ ^ĞƚƚůĞƌƐĂǇ/ŶĐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ^dd>Zǭ^z'K>&KhZ^͖Wt^/ϮϮϭϴϯϰ^dd>Z^zs/>>>ϳϰϳϬϬ ϭϭϵ ^ϬϭϲEϬϬϮtϬϯEEE^t ϲϭ͘ϱϬϱϱϯϴϵ Ͳϭϰϵ͘ϲϭϱϬϬϱ WƵďůŝĐ^ƵƉƉůǇ ϴϵϯϵ ϮϮϲϰϱϮ DdEh^<Ͳ^h^/dEKZKh', DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ^EKt^,K>DEdZz^,KK>t>>͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϭϯϲϬϳ ϱϭϴ ^ϬϭϳEϬϬϭtϮϵ^tEt^^t ϲϭ͘ϱϮϵϴϴ Ͳϭϰϵ͘ϱϬϮϵϮ WƵďůŝĐ^ƵƉƉůǇ ϴϵϰϬ ϮϮϯϲϮϰ :Θ:ŽŶƐƚƌƵĐƚŝŽŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ >h&&s/tZ^>ϱϯ͖Wt^/ϮϮϯϲϮϰ>h&&s/tZ^td>^ϭϮϳϯϲ ϰϲϱ ^ϬϭϳEϬϬϭtϮϵ^^E^ ϲϭ͘ϱϯϭϴϯϳϱ Ͳϭϰϵ͘ϰϴϮϭϳϴ WƵďůŝĐ^ƵƉƉůǇ ϴϵϴϱ ϮϮϭϴϯϰ ,ƵƐŬŝŶƐͬƉƌŝĐĞ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ^dd>Zǭ^zyW>KZd/KEt>>͖Wt^/ϮϮϭϴϯϰ^dd>Z^zs/>>'͕t>ϬϬϭ ϭϳϲ ^ϬϭϳEϬϬϮtϯϰ^^tE^t ϲϭ͘ϱϭϳϬϯϲϰ Ͳϭϰϵ͘ϲϮϭϱϲϳ WƵďůŝĐ^ƵƉƉůǇ ϵϭϰϳ ϮϳϬϭϲϴ h^W,^ >ŽǁĞƌzƵŬŽŶZ Zh^^/ED/^^/KE͖Wt^/ϮϳϬϭϲϴZh^^/ED/^^/KEtdZ^z^dD͕t>ϬϬϭ͖>ŽĐĂ ϭϭϱ ^ϬϮϬEϬϲϲtϯϭ^EtEEt ϲϭ͘ϳϴϱϳϳ Ͳϭϲϭ͘ϯϮϮϬϭ WƵďůŝĐ^ƵƉƉůǇ ϵϭϲϱ ϮϲϬϬϯϮ dǁŝŶ,ŝůůƐsŝůůĂŐĞ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ dt/E,/>>^>͍͍͖Wt^/ϮϲϬϬϯϮdt/E,/>>^tdZ^z^dD͕t>ϬϬϮ;t>>ηϭͲWh ϭϬϭ ^Ϭϭϯ^ϬϲϲtϬϯEt^tEt^t ϱϵ͘Ϭϳϲϴϯϵϰ ͲϭϲϬ͘ϮϴϬϯϲϱ WƵďůŝĐ^ƵƉƉůǇ ϵϭϲϳ ϮϲϬϬϯϮ dǁŝŶ,ŝůůƐsŝůůĂŐĞ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ dt/E,/>>^>͍͍͖Wt^/ϮϲϬϬϯϮdt/E,/>>^tdZ^z^dD͕t>ϬϬϭ;t>>ηϮͲDK ϵϱ ^Ϭϭϯ^ϬϲϲtϬϯEt^tEt^t ϱϵ͘Ϭϳϲϵϭϵϲ ͲϭϲϬ͘ϮϴϬϴϲϵ WƵďůŝĐ^ƵƉƉůǇ ϵϭϲϴ ϮϲϯϬϭϲ dǁŝŶ,ŝůůƐsŝůůĂŐĞ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ dt/E,/>>^^,KK>͖Wt^/ϮϲϯϬϭϲ^tZ^dt/E,/>>^^,KK>͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶ ϲϴ ^Ϭϭϯ^ϬϲϲtϬϯEEt^t^t ϱϵ͘ϬϳϱϮϰϭϭ ͲϭϲϬ͘ϮϴϬϬϳϱ WƵďůŝĐ^ƵƉƉůǇ ϵϮϳϬ Ϯϭϭϰϯϭ ĂǁŶĞǀĞůŽƉŵĞŶƚŽ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ tE>ϭϭϮKhd^/t>>͕'>Z/sZ͖Wt^/Ϯϭϭϰϯϭ>Wdt>^ϴϲϰ ϭϬϱ ^ϬϭϱEϬϬϭtϬϯE^E^ ϲϭ͘ϰϭϲϱϵϱϱ Ͳϭϰϵ͘ϰϮϭϬϱϭ WƵďůŝĐ^ƵƉƉůǇ ^t͍&d͕ϭϬϬ'WD^dKϭϬϱ&d͍^ZEϵϱͲϭϬϱ&d ϵϮϳϭ Ϯϭϭϰϯϭ ĂǁŶĞǀĞůŽƉŵĞŶƚŽ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ tE>ϭϭϮ/E^/t>>͕'>Z/sZ͖Wt^/Ϯϭϭϰϯϭ>Wdt>^ϴϲϰ ϱϲ ^ϬϭϱEϬϬϭtϬϯE^E^ ϲϭ͘ϰϭϲϱϰϵϳ Ͳϭϰϵ͘ϰϮϭϬϮϭ WƵďůŝĐ^ƵƉƉůǇ ^tϰϬ&d>^͕ϳϱ'WD^dKϱϭ&d͕^ZEdKϱϲ&d ϵϮϳϮ Ϯϭϭϰϯϭ ĂǁŶĞǀĞůŽƉŵĞŶƚŽ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ tzEdZWZ<>ϮϮϮ͖Wt^/Ϯϭϭϰϯϭ>WdtdZͲ,KD^d>^ϴϲϯ ϭϱϬ ^ϬϭϱEϬϬϭtϭϬEEtEE ϲϭ͘ϰϭϭϱϬϲϳ Ͳϭϰϵ͘ϰϮϰϯϬϭ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬϮ&d>^͕ϮϰϬ'WD^dKϭϰϵ&d͍^ZEϭϯϴdKϭϰϴ &d ϵϯϵϬ ϮϮϳϮϬϰ ůĞƵƚŽƌƉŽƌĂƚŝŽŶͬŵŝĚƚŽǁŶƐƚĂƚĞƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ D/dKtE^dd^dƌt>>͖Wt^/ϮϮϳϮϬϰD/dKtE^dd>^Ϯϭϴϯ ϭϬϬ ^ϬϭϴEϬϬϭϯϱEtEtEt^ ϲϭ͘ϲϬϲϭϭϯϰ Ͳϭϰϵ͘ϮϮϭϴϯϮ WƵďůŝĐ^ƵƉƉůǇ ^tϭϱ&d͕ϭϬϬ'WD^dKϴϬ&d͕^ZEdKϭϬϬ&d͕WZ^ϯϬ &ddKϯϱ&dt^>^Ϯϭϴϰ ϵϯϵϭ ϮϮϳϮϬϰ ůĞƵƚŽƌƉŽƌĂƚŝŽŶͬŵŝĚƚŽǁŶƐƚĂƚĞƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ D/dKtE^dd^Ϭϭ͖Wt^/ϮϮϳϮϬϰD/dKtE^dd^͕t>Ϭ>^Ϯϭϴϯ ϭϭϳ ^ϬϭϴEϬϬϭϯϱ^E^t^ ϲϭ͘ϲϬϭϳϲϴϱ Ͳϭϰϵ͘Ϯϭϳϯϰϲ WƵďůŝĐ^ƵƉƉůǇ ^tϮϬ&d͕ϴϬн'WD^dKϵϱ&d͕^ZEdKϭϭϱ&d͕WZ&^ϲϱ &ddKϳϱ&d ϵϳϯϮ ϭϭϬϯϰϮ :ƵŶĞĂƵ͕ŝƚǇΘŽƌŽƵŐŚ ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ hE<EKtE>Kd͕:hEh͖Wt^/ϭϭϬϯϰϮ:hEh͕t>ϬϬϮ;>^d >ϰϰϰϯϵ ϵϰ Ϭϰϭ^ϬϲϳϮϯEtEEE ϱϴ͘ϯϬϳϮϳϯϵ Ͳϭϯϰ͘ϯϵϲϵϱϳ WƵďůŝĐ^ƵƉƉůǇ ,K>EK͘Ϯ ϵϳϯϯ ϭϭϬϯϰϮ :ƵŶĞĂƵ͕ŝƚǇΘŽƌŽƵŐŚ ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ hE<EKtE>Kd͕:hEh͖Wt^/ϭϭϬϯϰϮ:hEh͕t>ϬϬϭ;>^d >ϰϰϰϯϵ ϵϱ Ϭϰϭ^ϬϲϳϭϰE^^^ ϱϴ͘ϯϬϴϮϮϯϳ Ͳϭϯϰ͘ϯϵϲϲϵϴ WƵďůŝĐ^ƵƉƉůǇ ,K>EK͘ϭ ϵϴϳϮ ϮϮϲϬϮϬ W>DZ͕/dzK& DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϬϬϱ͕W>DZ/dzt>>Ϯ͘&ŽƌtĂƚĞƌZŝŐŚƚ^ĞĞůƐŽ>^ϯϬϭϳ͖Wt>ϮϬϭϯϮϰ ϲϲϯ ^ϬϭϴEϬϬϮϯϭE^^E ϲϭ͘ϲϬϳϳϯϮ Ͳϭϰϵ͘ϭϰϵϱϳ WƵďůŝĐ^ƵƉƉůǇ ^tϮϬϵ&d͕͍'WDϯǁĞůůƐǁŝƚŚŝŶϭϬϬϬĨƚ&h>>^͕^ZE^ϲϮϬ &ddKϲϲϬ&d͘&ŽƌtĂƚĞƌZŝŐŚƚ^ĞĞůƐŽ>^ϯϬϭϳ ϵϴϵϱ ϯϵϬϵϭϴ ZKt&KKd͕D/,> ĞŶĂůŝŽƌŽƵŐŚ E>/Z͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^Ϯϵϯϯ ϯϬϬ &Ϭϭϯ^ϬϬϳtϯϰ^tEt^Et ϲϯ͘ϳϰϲϳϳ Ͳϭϰϴ͘ϴϵϰϰϲ WƵďůŝĐ^ƵƉƉůǇ dtK>K'^͕Kd,ϯϬϬ&d͘ ϵϵϲϴ ϮϮϰϲϰϲ /dzK&t^/>>͕t^/>>tKK^ͬ^WZhsEh DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t^/>>tKK^>ϬϳϮ͕ϲΗyW>KZdKZzt>>ϭ͖Wt^t>ϬϬϮ͖>>^ϱϮϬϰ ϮϰϬ ^ϬϭϳEϬϬϭtϬϯEEtEtEt ϲϭ͘ϱϵϵϬϳϯ Ͳϭϰϵ͘ϰϰϳϮϲϴ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬϱ&d>^͕ϲϬн'WD^dKϮϭϱ&d͕^ZEdKϮϯϬ&d ϭϬϬϮϳ Ϯϭϲϭϱϲ dΘdŽŶƐƚƌƵĐƚŝŽŶ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^E><Ϯ>Ϭϴϯ ϯϵϳ ^ϬϭϮEϬϬϰtϭϬ WƵďůŝĐ^ƵƉƉůǇ ϭϬϬϯϯ ϮϮϰϲϰϲ /dzK&t^/>>͕t^/>>tKK^ͬ^WZhsEh DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t^/>>tKK^>ϬϳϮ͕ϭϰΗWZKhd/KEt>>͕t>>͖Wt^t>^ϱϮϬϰ Ϯϯϵ ^ϬϭϳEϬϬϭtϬϯ^EtEtEt ϲϭ͘ϱϵϴϲϯϮ Ͳϭϰϵ͘ϰϰϳϳϲϳ WƵďůŝĐ^ƵƉƉůǇ ^tϭϭϱ&ddK͕фϭϬϬϬ'WD^dKϮϭ&d͕KDW>y^ZE dKϮϯϲ&d ϭϬϭϮϭ ϮϭϬϯϭϮ ůĂƐŬĂŚŝůĚƌĞŶƐ^ĞƌǀŝĐĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ϰϲϬϬďďŽƚƚZŽĂĚ͘ŶĐŚŽƌĂŐĞ͕< >ϰϰϳϳϳ ϮϴϬ ^ϬϭϮEϬϬϯtϭϱ^EtEEt ϲϭ͘ϭϯϲϮϴϬϭ Ͳϭϰϵ͘ϳϵϯϵϲϭ WƵďůŝĐ^ƵƉƉůǇ ϭϬϮϴϲ ϯϭϬϵϴϰ h>͕/>> &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ d>ϭϰϬϵ͖Wt^/ϯϭϬϵϴϰWhDW,Kh^Z^dhZEd͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϮϯϮ &ϬϬϭ^ϬϬϮtϭϰ^t^tEE ϲϰ͘ϴϯϭϭϴϵ Ͳϭϰϳ͘ϴϴϰϰϲϰ WƵďůŝĐ^ƵƉƉůǇ ϭϬϱϭϰ ϮϮϰϰϳϲ ,ŽĨĨŵĂŶ͕WĞƚĞ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t,/^WZ/E'tKK^>ϬϮϭ͖Wt^/ϮϮϰϰϳϲYh/d/Z>WZdDEd^͕t>ϬϬϭ͖Ϯϱϱ ^ϬϭϳEϬϬϭtϭϮ^^Et^t ϲϭ͘ϱϳϰϰϬϭϵ Ͳϭϰϵ͘ϯϴϯϲϴϮ WƵďůŝĐ^ƵƉƉůǇ ϭϬϱϲϬ ϮϭϰϮϱϭ ZK^/^K&'/ZtKK DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ Et'/ZtKKdKtE^/d>ϭϱ͖&ŽƌŵĞƌƉƵďůŝĐǁĂƚĞƌƐǇƐƚĞŵ͕ŶŽǁŶŽŶͲƉƵďůŝĐ͕W ϲϬ ^ϬϭϬEϬϬϮϭϳEEtEtE ϲϬ͘ϵϲϯϱϴϲϴϮ Ͳϭϰϵ͘ϭϯϱϮϯϰϴ WƵďůŝĐ^ƵƉƉůǇ ϭϬϱϲϯ ϮϮϳϱϰϳ D^͕,h', DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DdEh^<,/',d^>Ϭϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϲϭ ^ϬϭϳEϬϬϭϭϬ^Et^t^ ϲϭ͘ϱϳϯϭϳϯ Ͳϭϰϵ͘Ϯϱϭϲϵϳ WƵďůŝĐ^ƵƉƉůǇ ϭϬϱϳϵ ϮϮϲϱϬϵ ^K>Ks/E DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DKhEd/Es/t^dd^Ϯdƌ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď>^ϮϮϯϲϯ ϴϬ ^ϬϭϳEϬϬϮϭϳ^^Et^ ϲϭ͘ϱϱϵϴϵϯ Ͳϭϰϵ͘ϭϮϲϬϲϰ WƵďůŝĐ^ƵƉƉůǇ ϭϬϲϵϲ ϮϭϮϮϱϵ DhE//W>/dzK&E,KZ' DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ '/ZtKK^t'dZdDEd&/>/dz͖Wt^/ϮϭϮϮϱϵ'/ZtKKttd&͕t ϱϮ ^ϬϭϬEϬϬϮϭϵEtEtEE ϲϬ͘ϵϰϵϱϱϲϮ Ͳϭϰϵ͘ϭϱϵϱϯϲϵ WƵďůŝĐ^ƵƉƉůǇ ϭϬϳϱϭ ϯϭϬϵϯϰ ^EKt͕Z &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ WdZD/'E,/',d^>Ϭϳϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϯϱϮϯ ϰϬϯ &ϬϬϭ^ϬϬϮtϮϵE^EEt ϲϰ͘ϴϬϯϯϵϲ Ͳϭϰϳ͘ϵϵϲϰϯϰ WƵďůŝĐ^ƵƉƉůǇ ϭϬϴϰϮ ϮϮϳϮϬϰ ůĞƵƚŽƌƉŽƌĂƚŝŽŶͬŵŝĚƚŽǁŶƐƚĂƚĞƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ D/dKtE^dd^t>>ϯ͖Wt^/ϮϮϳϮϬϰD/dKtE^dd^͕t>^Ϯϭϴϯ ϰϴ ^ϬϭϴEϬϬϭϯϱ^t^Et^t ϲϭ͘ϲϬϯϴϯϮϮ Ͳϭϰϵ͘Ϯϯϯϲϰϯ WƵďůŝĐ^ƵƉƉůǇ ^tϲ&d>^͕͍'WD>Kdd/E>^&/>^ZEϯϲ &ddKϰϲ&dt^>^ϮϮϬϯ ϭϬϴϲϴ ϭϯϬϲϱϵ h^&KZ^d^Zs/ ŝƚǇΘŽƌŽƵŐŚŽĨ^ŝƚŬĂ dKE'^^Ed/KE>&KZ^d͖Wt^/ϭϯϬϲϱϵt>ϬϬϭ;ŝŶĂĐƚŝǀĞWt^>^ϯϲϲϯ ϰϲ Ϭϱϱ^ϬϲϯϬϮEtEEt^t ϱϳ͘ϭϮϵϭϴ Ͳϭϯϱ͘ϯϲϭϭϯ WƵďůŝĐ^ƵƉƉůǇ ^dZZ/'sEt>> ϭϭϬϳϵ Ϯϭϭϲϰϯ ,ĂŶƐŚĞǁ,ĞŝŐŚƚƐ,ŵŽǁŶĞƌƐ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ,E^,t,/',d^͖Wt^/Ϯϭϭϲϰϯ,E^,t,/',d^^͕ͬt>ϬϬ>^ϯϴϮϴ Ϯϯϱ ^ϬϭϮEϬϬϯtϭϱEEtEtE ϲϭ͘ϭϯϲϱϱϴϱ Ͳϭϰϵ͘ϳϴϲϲϵϳ WƵďůŝĐ^ƵƉƉůǇ ϭϭϯϭϰ ϮϭϮϱϭϴ WĞƚĞƌǭƐƌĞĞŬŚĂƉĞů DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^D/d,dZZ>Ϭϱ͖Wt^/ϮϭϮϱϭϴ<Z/'K&,KW͕t>ϬϬϭ͖>^ϯϲ ϭϴϬ ^ϬϭϱEϬϬϭtϬϵ^E^E ϲϭ͘ϰϬϲϳϵϭϳ Ͳϭϰϵ͘ϰϱϬϵϱϴ WƵďůŝĐ^ƵƉƉůǇ ^tϭϱϯ&d>^͖ϭϬ'WD͘&h>>^͕KWEE͘ ϭϭϰϭϲ ϯϭϬϵϭϴ h^K͕ZDz͕&dt/EtZ/',d &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ &dt/EtZ/',dh/>/E'ϭϬϯϮ͖Wt^t>ϬϬϰ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϱϴ &ϬϬϭ^ϬϬϭϬϴEt^tEEt ϲϰ͘ϴϰϲϲϯ Ͳϭϰϳ͘ϲϬϭϮϳ WƵďůŝĐ^ƵƉƉůǇ ϭϭϱϬϱ ϯϬϬϭϱϵ hƐŝĂ͕DŝŶƚŽ zƵŬŽŶͲ<ŽǇƵŬƵŬZ D/EdK͕EtKDDhE/dzt>>͖Wt^t>ϬϬϯ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϯϳϱ &ϬϬϰEϬϬϵtϮϳEtE^tE ϲϱ͘ϭϰϴϬϯ Ͳϭϰϵ͘ϯϱϯϯϵ WƵďůŝĐ^ƵƉƉůǇ ϭϭϱϯϬ ϯϳϬϲϮϱ hE/d^dd^/Z&KZ͕/>^KE&Ͳh^K &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ />^KE&͕&/ZE<^͕t>>͖Wt^t>ϬϬϰ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘Ϯϭϱ &ϬϬϯ^ϬϬϯϭϭEtE^E ϲϰ͘ϲϳϭϵϲ Ͳϭϰϳ͘Ϭϳϱϴϲ WƵďůŝĐ^ƵƉƉůǇ ϭϭϱϯϭ ϯϳϬϲϮϱ hE/d^dd^/Z&KZ͕/>^KE&Ͳh^K &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ />^KE&͕&/ZE<^͕t>>͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϮϳ &ϬϬϯ^ϬϬϯϭϭ^^t^E ϲϰ͘ϲϲϵϯϭ Ͳϭϰϳ͘Ϭϳϵϰϰ WƵďůŝĐ^ƵƉƉůǇ ϭϭϱϯϮ ϯϳϬϲϮϱ hE/d^dd^/Z&KZ͕/>^KE&Ͳh^K &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ />^KE&͕&/ZE<^͕t>>Ϭϱ͖Wt^t>ϬϬϳ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϲϮ &ϬϬϯ^ϬϬϯϭϭEtEt^Et ϲϰ͘ϲϳϭϲϭ Ͳϭϰϳ͘Ϭϵϳϭϲ WƵďůŝĐ^ƵƉƉůǇ ϭϭϱϯϯ ϯϳϬϲϮϱ hE/d^dd^/Z&KZ͕/>^KE&Ͳh^K &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ />^KE&͕&/ZE<^͕t>>͖Wt^t>ϬϬϲ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϬϴ &ϬϬϯ^ϬϬϯϭϭEEE^t ϲϰ͘ϲϲϴϮϵ Ͳϭϰϳ͘Ϭϵϭϯϱ WƵďůŝĐ^ƵƉƉůǇ ϭϭϱϯϰ ϯϳϬϲϮϱ hE/d^dd^/Z&KZ͕/>^KE&Ͳh^K &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ />^KE&͕&/ZE<^͕t>>͖Wt^t>ϬϬϯ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϬϮ &ϬϬϯ^ϬϬϯϭϭ^EtE^ ϲϰ͘ϲϲϳϯϱϳ Ͳϭϰϳ͘ϬϳϳϳϬϱ WƵďůŝĐ^ƵƉƉůǇ ϭϭϲϮϴ ϯϬϬϭϱϵ D/EdK͕/dzK& zƵŬŽŶͲ<ŽǇƵŬƵŬZ D/EdK͕t>>Ϯ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϰϬϭ &ϬϬϰEϬϬϵtϮϳE^^Et ϲϱ͘ϭϰϲϱ Ͳϭϰϵ͘ϯϱϴϯϴ WƵďůŝĐ^ƵƉƉůǇ ϭϭϲϰϯ ϮϭϬϰϭϵ WĞŶůĂŶĚDŽďŝůĞ,ŽŵĞWĂƌŬ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ WE>EWZ<dƌϭΘϮϭ;EKZd,tzD>>WZ</E'>Kd͊Ϳ͖Wt^/ϮϭϬϰϭϵW ϭϲϰ ^ϬϭϯEϬϬϯtϭϲ^EtEt^ ϲϭ͘ϮϭϱϲϬϲϳ Ͳϭϰϵ͘ϴϭϵϳϵϰ WƵďůŝĐ^ƵƉƉůǇ ^tϳϳ&ddK͕ϯϬϬн'WD͍͍t>>͕ZKK<t/d,tZKE' ^ZE^/ϴΗ͕^t/d,^ZEΎ ϭϭϴϳϭ ϮϭϲϱϭϮ ZDKE͕/<:Z DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ h^^ϯϮϬϬ>ϭϴ/E/Es>>z͖Wt^/ϮϭϲϱϭϮ/Z,E>Z>>^ϵϳϵϳ ϳϴ ^ϬϭϬEϬϬϭtϬϲ^E^tE ϲϬ͘ϵϴϳϴϮ Ͳϭϰϵ͘ϱϭϲϱϯ WƵďůŝĐ^ƵƉƉůǇ ϭϮϬϭϰ ϮϳϭϮϲϭ h^/͕E/',dDhd >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ E/',dDhd͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϱϲ ^ϬϬϱEϬϴϴtϯϯ^EE^ ϲϬ͘ϰϳϴϮϴ Ͳϭϲϰ͘ϳϮϭϱϵ WƵďůŝĐ^ƵƉƉůǇ tdZYh>/dzdK>>d ϭϮϬϯϭ ϮϳϬϲϭϯ hƐŝĂ͕dƵŶƵŶĂŬ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ dhEhE<͖Wt^/ϮϳϬϲϭϯ><^dhEhE<Wh>>Zd,^͕t>ϬϬϭ;t>dhEhE<ϯϴ ^ϬϬϲEϬϵϭtϮϴEt^tEE ϲϬ͘ϱϴϲϭϯϵϳ Ͳϭϲϱ͘Ϯϱϰϭϵϲ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬ&d>^͕ϲ'WD^dKϯϭ&d͕^ZEdKϯϲ͘ϱ&dƐĐĂŶŶĞĚ ϭϬͬϮϵͬϬϭ ϭϮϬϯϲ ϯϰϬϱϬϳ h^/͕t,/dDKhEd/E t,/dDKhEd/E;Ϯt>>^Ϳ͖Wt^t>ϬϬϮ;ϮŶĚǁĞůůůŽŐͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϭϭϳ <ϬϬϵ^ϬϮϰtϮϲ^t^^E ϲϰ͘ϲϴϬϭϱϲ Ͳϭϲϯ͘ϰϬϭϰϳ WƵďůŝĐ^ƵƉƉůǇ t>>ϭ/^ϭϭϳ&d͖t>>Ϯ/^ϰϲ&d͘ ϭϮϯϯϴ ϮϮϱϬϴϮ t^/>>,Z/^d/E^,KK> DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t^/>>Z͖Wt^/ϮϮϱϬϴϮt^/>>,Z/^d/E,hZ,͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝ ϭϭϲ ^ϬϭϳEϬϬϭtϭϳEt^^^ ϲϭ͘ϱϱϳϰϱ Ͳϭϰϵ͘ϰϴϮϳϮ WƵďůŝĐ^ƵƉƉůǇ ϭϮϰϴϲ Ϯϭϭϲϳϳ DKEd'hDEKZ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ DKEd'hDEKZt>>ϭ͖Wt^t>ϬϬϮ;t>>ηϭϭϵϳϱͲEKZd,t>>,Kh^Ϳ͖>ϮϮϬ ^ϬϭϮEϬϬϯtϭϳ^EtEEt ϲϭ͘ϭϯϱϲϮ Ͳϭϰϵ͘ϴϱϮϱϵϴ WƵďůŝĐ^ƵƉƉůǇ ϭϮϰϵϳ Ϯϭϭϲϳϳ DKEd'hDEKZ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ DKEd'hDEKZt>>Ϯ͖Wt^t>ϬϬϭ;t>>ηϮͲϭϵϳϳ^Khd,t>>,Kh^Ϳ͖>Ž ϰϰϲ ^ϬϭϮEϬϬϯtϭϳ^^t^Et ϲϭ͘ϭϯϬϮϳϱ Ͳϭϰϵ͘ϴϱϯϭϳϰ WƵďůŝĐ^ƵƉƉůǇ ^tϱϲ͘ϰ&d͖ϰϰϴ'WD͘<^Khd,tKKDEKZt>>Ϯ͘ ϭϮϵϱϴ ϮϭϬϵϬϲ ŶĐŚŽƌĂŐĞtĂƚĞƌŶĚtĂƐƚĞǁĂƚĞƌhƚŝůŝƚǇ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ t>>ϵ͖Wt^/ϮϭϬϵϬϲDKDhE//W>/dzK&E,KZ'͕t>>ϲϳϮϬϭ Ϯϵϴ ^ϬϭϯEϬϬϯtϭϮE^E^ ϲϭ͘ϮϮϴϲϲϰϰ Ͳϭϰϵ͘ϳϮϬϬϯϮ WƵďůŝĐ^ƵƉƉůǇ KK</E>dYh/&Z^z^dD ϭϯϲϰϬ ϮϰϭϬϱϰ ^K>KdE͕/dzK& <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ DZz>Z/s͕^K>KdE͖Wt^t>ϬϬϮ;t>>Ϳ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϲϯ ^ϬϬϱEϬϭϬtϮϵE^^Et ϲϬ͘ϰϵϲϮϭϮ Ͳϭϱϭ͘ϬϳϯϯϬϰ WƵďůŝĐ^ƵƉƉůǇ ϭϯϴϱϯ ϮϲϬϭϵϳ />>/E',D͕/dzK&͕>DEdZz^,KK> ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ />>/E',D>DEdZz^,KK>͖Wt^t>ϬϬϰ;t>>ηϯͲKDD/^^/KEͿ͖>Ž ϳϬ ^Ϭϭϯ^Ϭϱϱtϭϲ^t^t^^t ϱϵ͘Ϭϰϯϰϯ Ͳϭϱϴ͘ϰϲϳϯϭ WƵďůŝĐ^ƵƉƉůǇ ^tϯϲ&d͕ϰϬ'WDKZ/'/E>Z/>>ZhE<EKtE KDD/^^/KEzDͲtZ/>>/E'ϵͬϭϮͬϮϬϭϬ ϭϯϵϱϬ ϮϮϬϭϰϲ KE^dZhd/KE͕'D^dKE^dd^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'D^dKE^dd^t>>ϯ͕dƌ;K&'Ks>ϬϭͿ͖Wt^t>ϬϬϯ;KƌŝŐ>^ϮϱϮϱϬ ϭϬϭ ^ϬϭϴEϬϬϭϯϭ^tEtEtEt ϲϭ͘ϲϭϯϬϲ Ͳϭϰϵ͘ϯϱϴϳϯ WƵďůŝĐ^ƵƉƉůǇ ^tϲϱ&d͕ϭϱ'WD&h>>^͕KWEE ϭϰϬϳϳ ϮϮϲϭϰϯ ^ƚĂƌƌDŽďŝůĞƐƚĂƚĞƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϬϬϲ͕ϭϲ͕t>>Ϯ͖Wt^/ϮϮϲϭϰϯDKhEd/Es/tZsWZ<͕t>ϬϬϭ;t>^dZZD ϳϬ ^ϬϭϳEϬϬϮϬϭEtEt^tEt ϲϭ͘ϱϵϱϲϱϳϯ Ͳϭϰϵ͘ϬϮϱϯϳϱ WƵďůŝĐ^ƵƉƉůǇ ^tϰϲ&d͕ϭϴ'WDEKZtKtE&h>>^t/d,'Zs> W< ϭϰϬϵϰ ϮϳϬϭϱϬ hƐWŚƐ͕DŽƵŶƚĂŝŶsŝůůĂŐĞ^ĐŚŽŽů >ŽǁĞƌzƵŬŽŶZ DKhEd/Es/>>'͕,/',^,KK>t>>͕Wt^/ϮϳϬϭϱϬDKhEd/Es/>>'tϭϵϱ ^ϬϮϯEϬϳϵtϭϱ ϲϮ͘ϬϴϵϮϵϴϮ Ͳϭϲϯ͘ϳϮϵϰϭϲ WƵďůŝĐ^ƵƉƉůǇ ^tϮϯ͘ϱ&d͕Ϯϯ'WD^dKϰϭ&d͕KWE,K> ϭϰϭϵϲ ϮϲϬϭϵϳ ŝůůŝŶŐŚĂŵ͕ŝƚǇKĨ͕ŽƵƌƚŚŽƵƐĞ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ/>>/E',DKhZd,Kh^͖Wt^/ϮϲϬϭϵϳ/>>/E',DtdZ^z^dD͕t>ϬϬϭ; ϵϬ ^Ϭϭϯ^Ϭϱϱtϭϲ^t^^^t ϱϵ͘Ϭϰϯϱϲ Ͳϭϱϴ͘ϰϲϯϳϳϲ WƵďůŝĐ^ƵƉƉůǇ EK>K'͕h^'^^/d^hZsz>sd/KEϳϮ͘ϵ&d͘ ϭϰϮϯϴ ϮϵϴϭϬϯ sĂůĚĞǌ͕ŝƚǇKĨ ŚƵŐĂĐŚZ D/EZ>Z<>KKW>ϭϵϭ͕Wt^/ϮϵϴϭϬϯs>tdZ^z^d>ϰϲϯϲϬ ϴϱ ϬϬϴ^ϬϬϲtϯϭ^tEEE ϲϭ͘ϭϯϳϮϭϬϴ Ͳϭϰϲ͘ϯϱϵϯϲ WƵďůŝĐ^ƵƉƉůǇ ϭϰϮϯϵ ϮϵϴϭϬϯ sĂůĚĞǌ͕ŝƚǇKĨ ŚƵŐĂĐŚZ D/EZ>Z<>KKW>ϬϮϮϯ͕t>>Ϯ͕Wt^/ϮϵϴϭϬϯs>t >ϰϲϯϲϬ ϴϬ ϬϬϴ^ϬϬϲtϯϭ^tEtEE ϲϭ͘ϭϯϳϮϰϵ Ͳϭϰϲ͘ϯϲϮϭϱϮ WƵďůŝĐ^ƵƉƉůǇ ^tϰϬ&d͕ϵϲϬ'WD^dKϲϬ&d͕^ZEdKϴϬ&d ϭϰϮϰϬ ϮϵϴϭϬϯ sĂůĚĞǌ͕ŝƚǇKĨ ŚƵŐĂĐŚZ D/EZ>Z<>KKW>ϬϮϮϯ͕t>>ϯ͕Wt^/ϮϵϴϭϬϯs>t >ϰϲϯϲϬ ϵϱ ϬϬϴ^ϬϬϲtϯϭ^EtEE ϲϭ͘ϭϯϳϰϳϰϭ Ͳϭϰϲ͘ϯϲϮϰϳϯ WƵďůŝĐ^ƵƉƉůǇ ^tϰϲ&d͕ϯϬϬн'WD^dKϲϲ&d͕^ZEdKϵϱ&d ϭϰϮϰϯ ϮϭϮϬϮϭ ^ĞŝďƵůĂƐŬĂ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ '/ZtKKZ͖Wt^/ϮϭϮϬϮϭ'/ZtKKtdZ^z^dD͕t>^ϭϭϯϱϮ ϲϬ ^ϬϭϬEϬϬϮϬϵ^t^tEtE ϲϬ͘ϵϳϱϮϲϵϯ Ͳϭϰϵ͘ϭϬϳϮϴϱ WƵďůŝĐ^ƵƉƉůǇ ϭϰϮϰϰ ϮϵϭϮϭϭ s>͕/dzK& ŚƵŐĂĐŚZ h^^ϯϱϯϴ>ϬϮ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^Ϯϲϵϴ ϭϬϵ ϬϬϵ^ϬϬϲtϭϮ^tEt^^ ϲϭ͘Ϭϵϳϰϵϯ Ͳϭϰϲ͘ϮϬϰϬϯϮ WƵďůŝĐ^ƵƉƉůǇ ϭϰϮϱϭ ϮϮϲϬϮϬ W>DZ͕/dzK& DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dƌ'͕EtKZEZ^WZ/E'Z>WZͬ/Eh^dZ/>tz͕t>>ϰ͖Wt>^ϵϴϴϵ ϭϴϲ ^ϬϭϳEϬϬϮϬϰ^^^t^ ϲϭ͘ϱϴϱϴϯϱ Ͳϭϰϵ͘Ϭϵϲϱϱϭ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬϯ&d>^͕ϭϮϬϬ'WD͕hEKE&/E&h>>^͕^ZE ^^D>zϭϱϬ&ddKϭϴϭ&d͕ϭϬ&dd/> ϭϰϮϱϮ Ϯϭϲϭϵϴ :K,E^KE͕dKD DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ /Z,tKK^Khd,Ϯ;͍Ϳ>ϬϬϭ ϰϬ ^ϬϭϱEϬϬϭtϯϬ^t^t^Et WƵďůŝĐ^ƵƉƉůǇ WKKZ>Kd/KE>/E&KZDd/KE ϭϰϰϵϵ ϮϲϬϬϳϰ 'KZ'͕/dzK& WƌŝďŝůŽĨ/ƐůĂŶĚƐZ ^d'KZ'/^>E͕t>>Ϭϳ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϰϬ ^Ϭϰϭ^ϭϮϵtϯϮ^EtEtE ϱϲ͘ϱϵϱϲϰ Ͳϭϲϵ͘ϱϯϱϱϬϱ WƵďůŝĐ^ƵƉƉůǇ ^tϮϮϲ͘ϵ&dϭϮ'WD^d'KZ'ZKddKDϭϬ&d^>Kdd͘ ,^WhDWΘYh>/dzd ϭϰϱϬϬ ϮϲϬϬϳϰ 'KZ'͕/dzK& WƌŝďŝůŽĨ/ƐůĂŶĚƐZ ^d'KZ'/^>E͕t>>Ϭϴ͖Wt^t>ϬϬϯ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϰϬ ^Ϭϰϭ^ϭϮϵtϯϮ^tEEtE ϱϲ͘ϱϵϱϲϲϳ Ͳϭϲϵ͘ϱϯϰϱϭ WƵďůŝĐ^ƵƉƉůǇ ^tϮϮϰ͘ϱ&dϭϮ'WD^d'KZ'ZKddKDϭϬ&d^>Kdd ϭϰϱϭϱ ϮϭϰϳϬϲ ŽƵŶƚƌǇ>ĂŶĞƐƚ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ KhEdZz>E^dd^dƌ͕t>>Ϯ͖KƌŝŐŝŶĂůůǇWt^/ϮϭϰϳϬϲKhEdZz>E^ϱϰϱ ^ϬϭϮEϬϬϰtϬϰ^t^tE^t ϲϭ͘ϭϱϲϮϳϲϳ ͲϭϱϬ͘ϬϬϮϭϮϭ WƵďůŝĐ^ƵƉƉůǇ ^tϭϰϮ&d͕ϯ͘ϯ'WD^ZEdϱϯϳ&d͘ ϭϰϱϲϯ ϮϭϳϮϯϯ hƐ&ŽƌĞƐƚ^ĞƌǀŝĐĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ><ZDW'ZKhE͖EŽŶͲWƵďůŝĐt>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚ>ϮϬϯϰϯϳ ϯϴ ^ϬϬϴEϬϬϯϭϰE^tEtEt ϲϬ͘ϳϴϴϳϵϵ Ͳϭϰϴ͘ϴϴϴϮϲϰ WƵďůŝĐ^ƵƉƉůǇ ϭϰϲϰϲ Ϯϭϯϯϯϲ ,t</E^͕sE DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ '>EEͲDh>KKEdƌtϮ͖Wt^t>ϬϬϯ;t>>ηϯ^/dηϮͲEKZd >ϳϱϴϯϵ ϭϭϲ ^ϬϭϯEϬϬϯtϭϮEt^t^^t ϲϭ͘ϮϮϱϮϬϴ Ͳϭϰϵ͘ϳϯϵϵϯϳ WƵďůŝĐ^ƵƉƉůǇ ^tϮϬ&d>^͕ϲϬ'WD^dKϭϭϮ&d͕^ZEdKϭϭϲ&d ϭϰϲϰϳ Ϯϭϯϯϯϲ ,t</E^͕sE DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ '>EEͲDh>KKEdƌtϯ͖Wt^t>ϬϬϮ;t>>ηϮ^/dηϯͲD/>ϳϱϴϯϵ ϮϮϬ ^ϬϭϯEϬϬϯtϭϮEt^t^^t ϲϭ͘ϮϮϱϮϴ Ͳϭϰϵ͘ϳϰϬϬϯ WƵďůŝĐ^ƵƉƉůǇ ^tϰϲ&d͕ϱϬн'WD&h>>^͕KWEE͕WZ&^ϭϲϱ&ddKϭϵϱ &d ϭϱϭϭϳ ϮϭϱϲϬϱ DhE//W>/dzK&E,KZ'͕</E/WZ<,>d DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ </E/WZ<,>d͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϯϮϱ ^ϬϭϮEϬϬϰtϬϲEEt^t^ ϲϭ͘ϭϱϱϮϭ ͲϭϱϬ͘Ϭϱϯϲϵ WƵďůŝĐ^ƵƉƉůǇ ^tϭϴϮ&d͕ϲϬн'WD^ ϭϱϯϱϰ Ϯϲϭϱϳϱ ><ΘWE/E^h>^,KK>/^dZ/d >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ >^tKZd,ϭ͖KDD/^^/KE͖t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϰϱ ^ϬϬϭEϬϮϵtϬϵEt^EEt ϲϬ͘ϭϵϲϭϯϯϵ Ͳϭϱϰ͘ϯϮϳϴϭϵϮ WƵďůŝĐ^ƵƉƉůǇ ><>Z<͍ ϭϱϳϯϮ ϭϭϬϲϬϭ ^ŬĂŐǁĂǇ͕ŝƚǇKĨ ,ĂŝŶĞƐŽƌŽƵŐŚ ^<'tz/dzt>>ϯ͖Wt^/ϭϭϬϲϬϭ^<'tz͕t>ϬϬϯ;t>>η>ϰϯϵϴϱ ϭϮϬ ϱϵ͘ϰϲϯϭϯϴϲ Ͳϭϯϱ͘ϯϬϵϰϵϰ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬ&d͕ϱϬϬ'WDt>>ϭ͗ϴϬ&d͕ϱϮ&d^͕ϴΗt/d,ϯϬ&d ^ZE͕EK>K'^dKϰϮ&d͕^ZEϯϳ&ddKϲϳ&dt>> Ϯ͗ϳϱ&d͕ϳϱ&d^͕ϴΗt/d,KWEE͕EK>K' ϭϲϭϰϮ hE< ƚŬŝŶƐŽŶ͕:ŽŚŶ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ^<zs/t,/',d^>Ϭϯϯ >^ϯϯϵϰϴ Ϯϵϴ ^ϬϬϰEϬϭϭtϬϭEt^E^t WƵďůŝĐ^ƵƉƉůǇ ϭϲϭϱϭ Ϯϰϯϵϲϳ >ŽŽŬŽƵƚZĞƐƚƵƌĂŶƚ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ h^^ϮϱϮϮ>ϯϱKKWZ>E/E'͕Ett>>͖Wt^/Ϯϰϯϵϲϳ</E' >^Ϯϭϳϭϱ ϭϵϴ ^ϬϬϱEϬϬϯtϮϳEtEEt^t ϲϬ͘ϰϵϰϬϵϴϳ Ͳϭϰϵ͘ϳϵϯϱϵϰ WƵďůŝĐ^ƵƉƉůǇ ^tϭϰ&ddK͕ϳϱ'WD͕Ett>>KtEZ͗Z^D/d,͘Et t>>^Khd,K&,/',tz&h>>^͕KWEE ϭϲϭϵϲ ϮϰϯϬϬϲ ŝĂŵŽŶĚĞŶƚĞƌ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ <>/&KE^<z,ZK͖Wt^/ϮϰϯϬϬϲKWWZEdZ;&ŽƌŵĞƌůǇ͗ZĞĚŝĂŵŽŶ ϯϱ ^ϬϬϱEϬϭϭtϮϲE^tEt^ ϲϬ͘ϰϵϮϲϲϬϱ Ͳϭϱϭ͘ϭϱϳϴϱϮ WƵďůŝĐ^ƵƉƉůǇ ^tϮϮ&d͕ϲϬ'WDz/>͘ >ŽŐ/Ě Wt^/ KǁŶĞƌ ZĞŐŝŽŶ WĂƌĐĞůĞƐĐƌŝƉƚŝŽŶ >^ tĞůů ĞƉƚŚ DdZ^ >ĂƚŝƚƵĚĞ >ŽŶŐŝƚƵĚĞ tĞůůhƐĞ ƌŝůůĞƌƐŽŵŵĞŶƚƐ ^ƚĂƚĞǁŝĚĞWƵďůŝĐtĞůůƐͲt>d^ ϭϲϮϴϵ ϮϰϰϮϲϰ ^tZ,W> <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ^tZ/dz,hZ,/E͘>ŽƚďĞŚŝŶĚ>z</E'^h>KdϲϱĂŶĚϲϲ͘ϱϴ ^ϬϬϭEϬϬϭtϯϲEEt^^t ϲϬ͘ϭϮϵϵϱ Ͳϭϰϵ͘ϯϳϵϬϮ WƵďůŝĐ^ƵƉƉůǇ E<Z͍͍ ϭϲϯϮϰ ƵŶŬŶŽǁŶ ^ĐŚŶĞĐŬĞƌ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ,>>Ϭϵdƌϲ >^ϯϭϴϯϵ ϯϱ ^ϬϬϱEϬϭϭtϮϯ^t^E^t WƵďůŝĐ^ƵƉƉůǇ ϭϲϱϲϮ ϮϵϭϮϮϵ sĂůĚĞǌ͕ŝƚǇKĨ ŚƵŐĂĐŚZ Wt^/ϮϵϭϮϮϵs>^Khd,EdZ>͕t>ϬϬϮ;t>>,Kh^t>>Ͳt>>ηϭ͖K>ϭϬϬ ϬϬϴ^ϬϬϲtϯϱ^Et^^ ϲϭ͘ϭϮϱϱϭϭϮ Ͳϭϰϲ͘Ϯϰϯϰϲϵ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬ&d͕ϯϲϬн'WD^dKϳϭ&d͕ϯϬ&d^ZEdKKddKD ϭϲϱϲϯ ϮϵϭϮϮϵ sĂůĚĞǌ͕ŝƚǇKĨ ŚƵŐĂĐŚZ Wt^/ϮϵϭϮϮϵs>^Khd,EdZ>͕t>ϬϬϭ;tĞůůϮͲEĞǁ^ŽƵ >^ϮϳϬϬ ϵϴ ϬϬϴ^ϬϬϲtϯϱ^Et^^ ϲϭ͘ϭϮϱϲϰϰϳ Ͳϭϰϲ͘Ϯϰϰϭϭ WƵďůŝĐ^ƵƉƉůǇ ϭϲϳϳϵ ϮϰϵϮϭϭ Z/'dEZ^ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ >ϬϬϳ͖Wt^t>ϬϬϭ;t>>ηϯͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >ϰϬϯϴϳ ϳϬ ^ϬϬϳEϬϭϮtϮϭEtEt^tE ϲϬ͘ϲϴϲϭϴϳϳ Ͳϭϱϭ͘ϯϵϯϵϭϱϯ WƵďůŝĐ^ƵƉƉůǇ EKt>>>K'͘^tϮϬ͘ϭϯ&d>^KEϴͬϱͬϵϭ ϭϲϴϮϵ ϮϰϮϲϭϬ EŽƌƚŚ<ĞŶĂŝůĞŵĞŶƚĂƌǇ^ĐŚŽŽů <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ E<E/͖Wt^/ϮϰϮϲϭϬE/</^</KDDhE/dzZZd/KEEdZ͕t>ϬϬϭ;t><W ϮϭϬ ^ϬϬϳEϬϭϮtϬϵ^^t^^ ϲϬ͘ϳϬϰϳϬϬϱ Ͳϭϱϭ͘ϯϴϰϯϵϵ WƵďůŝĐ^ƵƉƉůǇ ^tϲϴ͘Ϭϰ&d>^ϳͬϮϰͬϵϭ ϭϲϴϰϳ ϮϰϭϬϮϬ DĐ'ĂŚĂŶhƚŝůŝƚŝĞƐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ >ϬϬϮ͕>Ϭϲ;D',Et>>ϭ͍͍Ϳ͖Wt^/ϮϰϭϬϮϬE/</^,<z͕t>ϰϬϯϬϱ ϵϮ ^ϬϬϳEϬϭϮtϬϭ^tEEtE ϲϬ͘ϳϯϭϴϭϭϱ Ͳϭϱϭ͘ϯϬϭϱϳϱ WƵďůŝĐ^ƵƉƉůǇ ^t͍&d͕ϲϬ'WDϴΗt>>͕WZ&ϴϬͲϴϯ&d ϭϲϵϮϬ ϮϮϱϬϳϰ /dzK&t^/>>͕hDWh^&/>^;DZ/E>'/KEͿ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ hDWh^&/>^͕DZ/E>'/KE>>&/>͕t^/>>͖Wt^t>ϮϬϵϭϬϰ ϭϱϬ ^ϬϭϳEϬϬϭtϬϯ ϲϭ͘ϱϵϮϲϴϴ Ͳϭϰϵ͘ϱϬϬϭϲϯ WƵďůŝĐ^ƵƉƉůǇ ^tϲϵ&d͕ϰϬ'WD/dzK&t^/>>^hD/ddϬϯͬϭϳͬϮϬϭϬ&KZ hDWh^&/>^&h>>^͕KWEE ϭϳϬϲϳ ϯϬϬϭϱϵ D/EdK͕/dzK& zƵŬŽŶͲ<ŽǇƵŬƵŬZ D/EdK͕t>>ϭ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϱϬ &ϬϬϰEϬϬϵtϮϳ^t^tEtE ϲϱ͘ϭϰϵϬϲ Ͳϭϰϵ͘ϯϱϲϮϳ WƵďůŝĐ^ƵƉƉůǇ ϭϳϯϬϳ ϮϰϬϰϰϴ <E/͕/dzK& <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Wt^t>ϬϬϯ;t>>ηϭͿ͖ĞĐŽŵŵŝƐƐŝŽŶĞĚ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>ϱϯϮϴϮ Ϯϴϳ ^ϬϬϲEϬϭϭtϯϱ^EtEt^ ϲϬ͘ϱϲϱϳϴ Ͳϭϱϭ͘ϭϱϲϴϲϴ WƵďůŝĐ^ƵƉƉůǇ ϭϳϯϴϲ ϮϭϮϬϮϭ ^ĞŝďƵůĂƐŬĂ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ '/ZtKKZ͖Wt^/ϮϭϮϬϮϭ'/ZtKKtdZ^z^dD͕t>^ϭϭϯϱϮ ϳϬ͘ϱ ^ϬϭϬEϬϬϮϬϵEEt^tE ϲϬ͘ϵϳϰϵϬϯϭ Ͳϭϰϵ͘ϭϬϲϰ WƵďůŝĐ^ƵƉƉůǇ ϭϳϲϬϬ Ϯϰϰϰϴϰ <ĞŶĂŝŽƌŽƵŐŚ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ E/</^</,/',^,KK>͖Wt^/Ϯϰϰϰϴϰ<W^E/</^</D/>ͬ,/',^,KK>͕t>ϬϬ ϭϳϬ ^ϬϬϴEϬϭϮtϯϲ^t^t^^ ϲϬ͘ϳϯϯϵϳϬϲ Ͳϭϱϭ͘ϮϵϴϰϲϮ WƵďůŝĐ^ƵƉƉůǇ ϭϳϳϬϲ ϯϴϭϰϵϴ h^W,^ ůĂƐŬĂ'ĂƚĞǁĂǇZ DEd^d><t^,dZ/ͬϭϰW>y͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘Ϯϱϭ ϬϭϯEϬϬϵϬϲEtE^t^t ϲϮ͘ϵϯϮϲϴ Ͳϭϰϯ͘ϳϵϬϮϮ WƵďůŝĐ^ƵƉƉůǇ ϭϳϵϮϳ ϭϭϬϯϰϮ :ƵŶĞĂƵ͕ŝƚǇΘŽƌŽƵŐŚ ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ >^d,E^/Et>>ϰ͖Wt^/ϭϭϬϯϰϮ:hEh͕t>ϬϬϰ;>^d,E^/EϭϯϬ Ϭϰϭ^Ϭϲϳϭϯ^t^t ϱϴ͘ϯϬϳϱϳϭϰ Ͳϭϯϰ͘ϯϵϯϴϵ WƵďůŝĐ^ƵƉƉůǇ ϭϳϵϮϴ ϭϭϬϯϰϮ :ƵŶĞĂƵ͕ŝƚǇΘŽƌŽƵŐŚ ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ >^d,E^/Et>>ϱ͖Wt^/ϭϭϬϯϰϮ:hEh͕t>ϬϬϱ;>^d,E^/Eϭϯϰ Ϭϰϭ^Ϭϲϳϭϯ^t^t ϱϴ͘ϯϬϳϱϲ Ͳϭϯϰ͘ϯϵϮϯϯϰ WƵďůŝĐ^ƵƉƉůǇ ϭϴϯϬϭ ϮϰϮϲϯϲ EWĞŶŝŶƐƵůĂZĞĐĞƉƚ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Wt^/ϮϰϮϲϯϲE/</^</WKK>͕t>ϬϬϮ;t>>ηϮͿ͖<ϭϵϴϭt>>ηϮ͖<>>&/>ϭϬϲ ^ϬϬϳEϬϭϮtϬϵ^t^t^^ ϲϬ͘ϳϬϱϯϰϵ Ͳϭϱϭ͘ϯϴϲϳϵϱ WƵďůŝĐ^ƵƉƉůǇ ^tϳϲ͘ϬϬ&d>^KEϴͬϮͬϵϭ͕WhDWd^dd/^dZh >Kd/KE ϭϴϲϳϳ ϮϭϭϬϳϱ hE<EKtE DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ /DKE^dd^͕E,KZ'͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϬϰ ^ϬϭϮEϬϬϰtϭϮEtEt^t^ ϲϭ͘ϭϰϬϲϲϯ Ͳϭϰϵ͘ϵϬϱϭϵϱ WƵďůŝĐ^ƵƉƉůǇ ^tнϭϱ&d͕Zd^/E&>Kt ϭϴϵϱϬ ϮϮϰϰϮϵϴ WKZdZ͕:/D <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ >ϬϬϱΘ>ϬϬϲ͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϭϬ ^ϬϬϱEϬϭϬtϭϵEE^tEt ϲϬ͘ϱϭϮϵϱϲ Ͳϭϱϭ͘ϭϬϵϵϬϱ WƵďůŝĐ^ƵƉƉůǇ ϭϵϮϴϭ Ϯϰϯϭϯϳ WE/E^h>s>KWDEd <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ,^/^dd^>Ϭϳϭt>>ϭ͖Wt^t>ϬϬϭ;t^dt>>Ϳ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ ϯϵ ^ϬϬϱEϬϭϭtϭϳ^t^t^t^ ϲϬ͘ϱϭϲϵϮ Ͳϭϱϭ͘Ϯϰϳϴϲ WƵďůŝĐ^ƵƉƉůǇ ^tϭϴ&d͖ϭϮϬ'WDz/>͖tdZYh>/dzdK>>d ϭϵϮϴϮ Ϯϰϯϭϯϳ WE/E^h>s>KWDEd <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ,^/^dd^>Ϭϳϭt>>Ϯ͖Wt^t>ϬϬϮ;^dt>>Ϳ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϰϬ ^ϬϬϱEϬϭϭtϭϳ^t^t^t^ ϲϬ͘ϱϭϲϵϮϯ Ͳϭϱϭ͘Ϯϰϳϲϵϵ WƵďůŝĐ^ƵƉƉůǇ ^tϭϴ&d͖ϲϬ'WDz/>͖tdZYh>/dzdK>>d ϭϵϯϱϱ Ϯϭϯϳϭϴ hƐ&ŽƌĞƐƚ^ĞƌǀŝĐĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ '/,K''^s/^/dKZ^EdZtͲϮ >ϮϬϯϰϰϮ ϭϬϬ ^ϬϬϴEϬϬϯϭϯEt^^tE ϲϬ͘ϳϴϱϬϮ Ͳϭϰϴ͘ϴϰϮϳϭ WƵďůŝĐ^ƵƉƉůǇ ϭϵϯϱϲ Ϯϭϯϳϭϴ hƐ&ŽƌĞƐƚ^ĞƌǀŝĐĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ '/,K''^s/^/dKZ^EdZtͲϭ >ϮϬϯϰϰϮ ϵϴ ^ϬϬϴEϬϬϯϭϯEt^^tE ϲϬ͘ϳϴϰϳϰ Ͳϭϰϴ͘ϴϰϮϭϳ WƵďůŝĐ^ƵƉƉůǇ ϭϵϯϳϱ E ŽƌĞ͕ĂŶ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ sZD^dd^ϭ>Ϭϲϭ >^ϯϭϴϯϭ ϯϭ ^ϬϬϱEϬϭϭtϮϭE^tEEt WƵďůŝĐ^ƵƉƉůǇ Wt^/ƵŶŬŶŽǁŶ ϭϵϱϵϭ ϯϵϭϭϯϰ 'ǀĞĂ ĞŶĂůŝŽƌŽƵŐŚ ,>zZ͖Wt^/ϯϵϭϭϯϰ'sͲ,>zWKtZW>Ed͕t>ϬϬϭ;t>>ϭͿ͖>ŽĐĂƚŝŽ ϰϬϬ &ϬϭϮ^ϬϬϳtϮϬEE^^ ϲϯ͘ϴϱϰϳϴϵϳ Ͳϭϰϴ͘ϵϰϵϲϯϭ WƵďůŝĐ^ƵƉƉůǇ ϭϵϲϮϵ ϯϯϰϮϲϯ ^ƚĂƚĞKĨůĂƐŬĂ͕ŝǀWĂƌŬƐ͕DĂƌŝŽŶƌĞĞŬ zƵŬŽŶͲ<ŽǇƵŬƵŬZ DZ/KEZ<DW'ZKhEϭ͖EŽŶͲWƵďůŝĐt>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϰϵ &ϬϮϵEϬϭϮtϮϯ^^^t^ ϲϳ͘ϯϭϳϯϬϱ ͲϭϱϬ͘ϭϱϰϲϲϲ WƵďůŝĐ^ƵƉƉůǇ ϮϬϮϵϭ ϯϵϭϱϯϮ :K,E͕>ΘZhz ĞŶĂůŝŽƌŽƵŐŚ h^^ϯϮϬϵ>ϮϲΘϮϳ͕d^^zh^Zs/^dd/KE͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď ϱϴ &Ϭϭϳ^ϬϬϳtϯϯEt^t^^ ϲϯ͘ϯϵϮϱϰ Ͳϭϰϴ͘ϴϵϱϬϮ WƵďůŝĐ^ƵƉƉůǇ ϮϬϯϮϰ ϮϰϬϳϱϳ ^ĞǁĂƌĚ͕ŝƚǇKĨ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ &dZzDKEt>>&>͕t>>ϱ͖Wt^/ϮϰϬϳϱϳ^tZ͕t>Ϭϭϭ>ϯϵϵϯϲ ϮϬϱ ^ϬϬϭEϬϬϭtϯϰ^t^tE^t ϲϬ͘ϭϯϬϰϱϭϮ Ͳϭϰϵ͘ϰϯϳϰϮϰ WƵďůŝĐ^ƵƉƉůǇ ϮϬϰϭϱ ϮϲϬϮϴϲ WĂƵů͕ŝƚǇKĨ WƌŝďŝůŽĨ/ƐůĂŶĚƐZ ^dWh>s/>>'͕&ZZ<ϭ͖Wt^/ϮϲϬϮϴϲ^/EdWh>tdZ^z^dD͕t>ϬϬϯ ϳϱ ^Ϭϯϱ^ϭϯϭtϭϴEtE^tEt ϱϳ͘ϭϱϱϭϬϭϴ ͲϭϳϬ͘ϮϲϮϵϴϱ WƵďůŝĐ^ƵƉƉůǇ ZKZKEd/E^>K'^EWhDWd^d^d&KZ>>t>>^͘ ZKZ^K&>>&/>^͘ ϮϬϰϭϲ ϮϲϬϮϴϲ WĂƵů͕ŝƚǇKĨ WƌŝďŝůŽĨ/ƐůĂŶĚƐZ ^dWh>s/>>'͕&ZZ<Ϯ͖Wt^/ϮϲϬϮϴϲ^/EdWh>tdZ^z^dD͕t>ϬϬϰ ϴϱ ^Ϭϯϱ^ϭϯϭtϭϴEtEt^Et ϱϳ͘ϭϱϰϴϱ ͲϭϳϬ͘ϮϲϬϵϴϲ WƵďůŝĐ^ƵƉƉůǇ ^ϮϬϰϭϱ ϮϬϰϭϴ ϮϲϬϮϴϲ WĂƵů͕ŝƚǇKĨ WƌŝďŝůŽĨ/ƐůĂŶĚƐZ ^dWh>͕/dzK&͕t>>ϭ͖Wt^/ϮϲϬϮϴϲ^/EdWh>tdZ^z^>^ϯϯϭϭ ϴϲ ^Ϭϯϱ^ϭϯϭtϭϴEE^t^t ϱϳ͘ϭϰϳϱϴϲϴ ͲϭϳϬ͘ϮϲϮϱϮϳ WƵďůŝĐ^ƵƉƉůǇ ^ϮϬϰϭϱ ϮϬϰϭϵ ϮϲϬϮϴϲ WĂƵů͕ŝƚǇKĨ WƌŝďŝůŽĨ/ƐůĂŶĚƐZ ^dWh>s/>>'͕t>>Ϯ͖Wt^/ϮϲϬϮϴϲ^/EdWh>tdZ^z^>^ϯϯϭϭ ϭϭϮ ^Ϭϯϱ^ϭϯϭtϭϴEtE^t^t ϱϳ͘ϭϰϳϳϳϳϲ ͲϭϳϬ͘ϮϲϮϴϲϯ WƵďůŝĐ^ƵƉƉůǇ ^tϳϵ&ddK͕>KtZϮϬ&d<&/>>t/d,ZK<EZK< ^ϮϬϰϭϱ ϮϬϰϳϴ Ϯϰϯϲϱϴ ĂůůĂƌĚ͕>ĞŽŶĂƌĚ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ <Ͳϱ>ϭϵϰ͕t>>ϭ͕^Khd,͕<>/&KE^<z,ZK͖Wt^/Ϯϰϯϲϱϴ<^h͘t ϱϳ ^ϬϬϱEϬϭϭtϮϲE^^^ ϲϬ͘ϰϴϴϴϯϬϲ Ͳϭϱϭ͘ϭϰϱϲϳϲ WƵďůŝĐ^ƵƉƉůǇ EKEƉĞƌĞŵĂŝůϳͬϴͬϮϬϮϭͲ:͘^tϭϴ&ddK͕ϱϬ 'WD͕ϴΗ^dKϱϭ&d͕^ZEdKϱϲ&d͖tdZYh>/dz dK>>d ϮϬϰϴϮ Ϯϰϯϲϱϴ ĂůůĂƌĚ͕>ĞŽŶĂƌĚ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ <Ͳϱ>ϭϵϰ͕t>>Ϯ͕EKZd,͕<>/&KE^<z,ZK͖Wt^/Ϯϰϯϲϱϴ<^h͘t ϱϲ ^ϬϬϱEϬϭϭtϮϲE^^^ ϲϬ͘ϰϴϴϵϵϴϰ Ͳϭϱϭ͘ϭϰϱϲϳϲ WƵďůŝĐ^ƵƉƉůǇ EKEƉĞƌĞŵĂŝůϳͬϴͬϮϬϮϭͲ:͘^tϭϵ&ddK͕ϳϱ 'WD͕ϴΗ^dKϱϭ&d͕^ZEdKϱϲ&d͖tdZYh>/dz dK>>d ϮϬϲϴϬ ϮϰϭϬϱϰ ^K>KdE͕/dzK& <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ >ϬϬϵ͕/ZWKZdt>>ΗΗ͖Wt^t>ϬϬϳ;t>>Ϳ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď>^ϭϭϮϭϱ ϮϴϮ ^ϬϬϱEϬϭϬtϯϯ^EtE^ ϲϬ͘ϰϳϵϯϳϳ Ͳϭϱϭ͘ϬϯϯϮϲ WƵďůŝĐ^ƵƉƉůǇ ^t͍&d͕͍'WD͕Zd^/Et>>͘ ϮϭϭϲϬ ϮϮϱϯϲϭ ^D/d,͕>> DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ :ϰ>Ϭϭ͕ϮϵϳϬKdd>>KKW͕t^/>>͖Wt^t>ϬϬϭ;t>>ϭͲ>^ϮϱϮϯϬ ϴϬ ^ϬϭϳEϬϬϭtϬϭ^t^t^t^ ϲϭ͘ϱϴϱϱϲ Ͳϭϰϵ͘ϯϳϯϰϵ WƵďůŝĐ^ƵƉƉůǇ ^tϱϴ&d͕ϱϬ'WDϰ,ZWhDWd^dΛϱϬ'WD͕ϭϬ&d ZtKtE͕ϱD/EZKsZz^t/d,ϱ&d^ZEϳϱ&d dKϴϬ&d ϮϭϮϳϵ ϮϭϯϮϯϵ :ŽƐĂŝƚŝƐ͕<Ƶƌƚ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ZDKhEd/EKEKD/E/hD^͕,h'/<͖Wt^/ϮϭϯϮϯϵZDKhEd/EK ϮϮϬ ^ϬϭϱEϬϬϭtϭϲEEEtE ϲϭ͘ϯϵϲϳϳϬϱ Ͳϭϰϵ͘ϰϱϴϵϱϰ WƵďůŝĐ^ƵƉƉůǇ Ϯϭϱϴϲ ϮϳϮϬϬϱ </<͕/dzK&s^tKDDhE/dzh/>/E'͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϰϮ ^ϬϭϬEϬϲϳtϯϭE^t^^ ϲϬ͘ϵϬϳϱϳ Ͳϭϲϭ͘ϮϮϯϴϰ WƵďůŝĐ^ƵƉƉůǇ tdZYh>/dzdK>>d ϮϭϲϮϭ ϮϲϬϭϯϵ >^<Ed/sdZ/>,>d,KE^KZd/hD͕EW^</< >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ hE<EKtE>Kd͕EW^</<͖Wt^t>ϬϬϭ;t^dt>>Ϳ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϭϭϲ ^ϬϬϳEϬϳϭtϬϴEE^^ ϲϬ͘ϳϬϳϰϬϴ Ͳϭϲϭ͘ϳϲϲϵϳϯ WƵďůŝĐ^ƵƉƉůǇ ^tϳ͘ϴϯ&d͖ϮϬ'WD͘Dh>d/W>t>>^dd,͖͘tdZ Yh>/dzdK>>d ϮϭϲϮϯ ϮϳϭϵϱϮ EĂƉĂƐŬŝĂŬ͕ŝƚǇKĨ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ Wt^/ϮϳϭϵϱϮEW^</<^dtdZ/E'WK/Ed͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϱϬ ^ϬϬϳEϬϳϭtϭϳ ϲϬ͘ϳϬϴϮϵϬϭ Ͳϭϲϭ͘ϳϰϴϵϳϴ WƵďůŝĐ^ƵƉƉůǇ ^tϱ&d>^͕ϮϬ'WDd,/^ZW>^E/EKZdt>>>>K'͘ ^dKϰϬ&d͕^ZE>KtdKϱϬ&d͖tdZYh>/dzd K>>d ϮϮϮϯϯ ϯϰϬϱϬϳ t,/dDKhEd/E ĞƌŝŶŐ^ƚƌĂŝƚƐZ t,/dDKhEd/Et^,dZ/t>>ηϮ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϬϬ <ϬϬϵ^ϬϮϰtϮϲE^^E ϲϰ͘ϲϴϬϱ Ͳϭϲϯ͘ϰϬϬϭϱ WƵďůŝĐ^ƵƉƉůǇ ^tϯϯ&d͕ϮϬ'WD^dKϵϬ&d͕KWE,K>>sd/KE Khdϯϯ&d ϮϮϮϯϰ ϯϰϬϱϬϳ t,/dDKhEd/E ĞƌŝŶŐ^ƚƌĂŝƚƐZ t,/dDKhEd/Et^,dZ/t>>ηϯ͖Wt^t>ϬϬϯ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϬϬ <ϬϬϵ^ϬϮϰtϮϲE^^E ϲϰ͘ϲϴϭϭϮ Ͳϭϲϯ͘ϯϵϵϯϯ WƵďůŝĐ^ƵƉƉůǇ ^tϰϴ&d͕͍'WD^dKϵϯ&d͕KWE,K>>sd/KEKhd ϯϯ&d ϮϮϮϯϱ ϮϮϰϮϭϰ dEEZ͕> DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ EKZd,ZE>/',d^dZZdƌ͖Wt^t>ϬϬϭ;t>>͖t>>ηϭͿ͖>^ϭϴϲϮϯ ϮϭϮ ^ϬϭϲEϬϬϮtϬϰ^^EEt ϲϭ͘ϱϬϵϲϳϲ Ͳϭϰϵ͘ϲϰϱϯϵϮ WƵďůŝĐ^ƵƉƉůǇ ^t͍&d͕ϭϮϬ'WD ϮϮϯϮϬ ϯϴϭϰϴϬ ŝƐƚƌŝĐƚ͕dŽŬ ůĂƐŬĂ'ĂƚĞǁĂǇZ dK<^,KK>ϭ͖Wt^/ϯϴϭϰϴϬ<'dtz^ͲdK<^,KK>͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀ ϭϭϱ ϬϭϴEϬϭϯϭϵ ϲϯ͘ϯϮϳϴϮϳϱ ͲϭϰϮ͘ϵϳϵϵϭϵ WƵďůŝĐ^ƵƉƉůǇ ϮϮϰϴϬ ϭϭϬϯϰϮ :ƵŶĞĂƵ͕ŝƚǇΘŽƌŽƵŐŚ ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ 'K>Z<^/Et>>EK͘ϯ͖Wt^/ϭϭϬϯϰϮ:hEh͕t>ϬϬϯ;> >ϭϬϬϬϲϲ ϵϳ Ϭϰϭ^Ϭϲϳϭϯ^t^t^t^t ϱϴ͘ϯϬϳϱϴϲϳ Ͳϭϯϰ͘ϯϵϱϯϴϲ WƵďůŝĐ^ƵƉƉůǇ ϮϮϰϵϭ ϮϲϭϮϮϰ <ĂƚŵĂŝůĂŶĚ͕/ŶĐ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ h^^ϯϰϰϬdƌϭ͕<h>/<>K'͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϭϴϵϴϴ ϰϲ ^Ϭϭϰ^ϬϯϱtϬϵEtEt^E ϱϴ͘ϵϴϬϱϭϲ Ͳϭϱϱ͘ϭϮϬϬϲϮ WƵďůŝĐ^ƵƉƉůǇ ϮϮϲϭϭ ϭϯϭϭϰϴ hƐ&ŽƌĞƐƚ^ĞƌǀŝĐĞ͕^ŝƚŬĂ ŝƚǇΘŽƌŽƵŐŚŽĨ^ŝƚŬĂ ^/d<͕^dZZ/'s/EDW'ZKhEEZh^^ϯϱϲϱ͕DϬϵ͘Ϭ,WZ͖W>^ϭϵϬϵϮ ϳϯ Ϭϱϱ^ϬϲϯϬϮEtEEt^t ϱϳ͘ϭϮϵϭϴϬϵ Ͳϭϯϱ͘ϯϲϭϭϯ WƵďůŝĐ^ƵƉƉůǇ ^tнϴ&d&>Kt/E'Zd^/E͕ϲϬ'WD^dKϲϵ&d͕^ZE dKϳϯ&d ϮϮϲϲϰ ϮϲϬϴϭϮ /'/h'/'͕s/>>'K& >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ /'/h'/'͕s/>>'K&͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^ϭϵϱϰϭ ϮϬϵ ^ϬϭϬ^ϬϯϵtϬϴ^tE^tEt ϱϵ͘ϯϮϲϵϮ Ͳϭϱϱ͘ϴϵϲϲϴ WƵďůŝĐ^ƵƉƉůǇ ^tϱǭͲϵǭ͕ϭϬϬ'WD ϮϮϳϵϵ ϮϮϰϮϭϰ dEEZ͕> DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ EKZd,ZE>/',d^dZZdƌ͖Wt^t>ϬϬϮ;t>>͖t>>ηϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚ ϮϮϮ ^ϬϭϲEϬϬϮtϬϰ^^EEt ϲϭ͘ϱϬϵϲϳϲ Ͳϭϰϵ͘ϲϰϱϯϵϮ WƵďůŝĐ^ƵƉƉůǇ t>>EKd/Eh^ ϮϮϴϬϬ ϮϮϰϮϭϰ ^D/d,͕&Z DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ EKZd,ZE>/',d^dZZdƌ͍͖Wt^t>ϬϬϯ;t>>͖t>>ηϯͿ͖ >^ϭϴϲϮϯ ϭϲϬ ^ϬϭϲEϬϬϮtϬϰ^^EEt ϲϭ͘ϱϬϵϲϳϲ Ͳϭϰϵ͘ϲϰϱϯϵϮ WƵďůŝĐ^ƵƉƉůǇ t>>ϯ ϮϮϴϮϰ ϮϲϬϬϰϬ h^W,^ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ <K>/'E<͖Wt^t>ϬϬϭ;>h&&ηϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^ϭϴϳϱϱ ϴϱ ^ϬϬϱ^ϬϰϳtϮϭ^tEtE^ ϱϵ͘ϳϮϳϴϴ Ͳϭϱϳ͘Ϯϳϴϳϴ WƵďůŝĐ^ƵƉƉůǇ ϯϬ'WD͕^tϰϵ&dKtEEts/>>'^/d͕KE>h&&͕ϱϬϬǭE K&ZhEtz ϮϮϴϱϲ Ϯϭϭϴϵϳ 'ƵŶƚĞƌ͕ŵĞƌǇ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^WEZZ^>Ϭϯ͖Wt^/Ϯϭϭϴϵϳ<d,zK^dd^͕t>ϬϬϮ;E>ϰϰϳϯϰ ϮϮϬ ^ϬϭϯEϬϬϰtϮϱEEE^ ϲϭ͘ϭϴϳϯϴϱϲ Ͳϭϰϵ͘ϴϵϴϯϭϱ WƵďůŝĐ^ƵƉƉůǇ ϯϱ'WD͘<<d,zͲK^dd^dZ/>ZKhZd͘ ϮϮϴϲϱ ϯϭϬϵϰϮ DZKE͕KE &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ WZ<^,/',tzDϮϰϳ͘Ϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϵϱ &ϬϬϭ^ϬϬϮtϬϯ^t^^t^t ϲϰ͘ϴϰϵϮϳ Ͳϭϰϳ͘ϵϰϭϯϲ WƵďůŝĐ^ƵƉƉůǇ ^t͍&d͕ϲϬ'WD͘ ϮϮϴϵϭ ϯϰϬϬϭϬ EKD͕/dzK& ĞƌŝŶŐ^ƚƌĂŝƚƐZ DKKE>/',d^WZ/E'^t>>ϭ͕EKD͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϮϮ <Ϭϭϭ^ϬϯϰtϭϭEt^EtE ϲϰ͘ϱϱϯϵϱ Ͳϭϲϱ͘ϰϭϭϵϱ WƵďůŝĐ^ƵƉƉůǇ ^tϯϰ͘ϱ&d>^͕ϮϱϬ'WD^dKϵϯ&d͕KWE,K> ϮϮϴϵϲ ϯϲϬϳϴϱ hƐWŚƐ͕EƵůĂƚŽ zƵŬŽŶͲ<ŽǇƵŬƵŬZ h^^ϳϯϴϯ>KtZEh>dKZ/sZϮ͕Wt^/ϯϲϬϳϴϱEh>dKZ/sZ>^ϭϵϲϲϬ ϴϬ <ϬϬϵ^ϬϬϰϭϴ^tE ϲϰ͘ϳϬϴϱϭϭϰ Ͳϭϱϴ͘ϭϯϵϳϱϱ WƵďůŝĐ^ƵƉƉůǇ ^tϭϭ͘ϱ&d>^͕ϲϬ'WD͘^dKϯϵ&d͕^ZEW>ϯϵͲϰϵ &d͘ ϮϯϬϴϭ ϯϬϬϴϭϲ >><<d͕/dzK& zƵŬŽŶͲ<ŽǇƵŬƵŬZ >><<dZ͖Wt^/ϯϬϬϴϭϲ>><<dWh>/tdZ^z^d >^ϭϵϵϴϭ ϳϯ &ϬϮϬEϬϮϰtϮϮ^^tEE ϲϲ͘ϱϰϴϳϵ ͲϭϱϮ͘ϲϲϭϬϲ WƵďůŝĐ^ƵƉƉůǇ ^tϮϮ͘ϰ&d͘ϭϬ'WD͘^dKϲϵ&d͕KWEE ϮϯϭϬϳ ϮϭϬϰϴϱ ZŚŽĚĞƐ͕:ĂĐŬ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^,KZ>/EZͬE/Kdd^d͕^E><Z͖Wt^/ϮϭϬϰϴϱ^E><^Zs/ϱϮϴ ^ϬϭϮEϬϬϰtϭϱ^^EtEt ϲϭ͘ϭϯϰϱϲϳϯ Ͳϭϰϵ͘ϵϳϰϰϮϲ WƵďůŝĐ^ƵƉƉůǇ ^tϱϯ&d͕͘ϭϬϬ'WDt>>WZ^Zs͕^EZ E/Kddͬ^,KZZ^dZ͕^E><^dKϱϮϳ͘ϲ&d͕WZ&^ ϱϭϱ&ddKϱϮϳ&d ϮϯϭϰϬ ϮϴϬϬϰϬ h^W,^͕^,'>h< /ĚŝƚĂƌŽĚZ ^,'>h<͖Wt^/ϮϴϬϬϰϬ^,'>h<tdZ^z^dD͕t>ϬϬϭ͖>Ž>^ϭϰϮϱϱ ϭϯϱ ^ϬϯϬEϬϱϱtϮϲ^Et^^ ϲϮ͘ϲϱϱϯϰϲ Ͳϭϱϵ͘ϱϯϭϬϱ WƵďůŝĐ^ƵƉƉůǇ ^tϯϰ&d͘ϯϬ'WD͘WZD&ZK^dWZ^Ed͘ ϮϯϮϬϳ ϯϲϬϮϭϰ <ŽǇƵŬƵŬ͕ŝƚǇKĨ zƵŬŽŶͲ<ŽǇƵŬƵŬZ <Kzh<h<͖Wt^/ϯϲϬϮϭϰ<Kzh<h<^&tdZ&/>/dz͕t>ϬϬϭ>ϰϲϯϯϬ ϭϴϱ <ϬϬϳ^ϬϬϲϭϳ^^t^Et ϲϰ͘ϴϴϭϴ Ͳϭϱϳ͘ϳϬϯϱϴ WƵďůŝĐ^ƵƉƉůǇ ^tϮϯ&d͘ϲ'WD͘ ϮϯϮϭϭ ϮϭϭϰϮϯ h^K͕/Z&KZ͕>DEKZ&&͕,K^W/d> DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ >DEKZ&&,K^W/d>WtͲϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď>^Ϯϭϲϴϰ Ϯϳϴ ^ϬϭϯEϬϬϯtϭϮE^^tEt ϲϭ͘ϮϯϮϵϰϴ Ͳϭϰϵ͘ϳϰϮϱϯϳ WƵďůŝĐ^ƵƉƉůǇ ^t͍&d͕͍'WD&h>>^t/d,^ZEdtEϮϭϱΘϮϰϬ &d ϮϯϮϮϳ ϯϱϬϮϯϱ EŽƌƚŚ^ůŽƉĞŽƌŽƵŐŚ EŽƌƚŚ^ůŽƉĞŽƌŽƵŐŚ h^^ϰϰϴϬ͕E<dhsh<W^^ϵt>>ϭ͖͘Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞ>^ϮϬϮϯϱ ϭϰϳ hϬϭϱ^ϬϬϮϭϳ^tEt^tEt ϲϴ͘ϭϰϱϮϴ Ͳϭϱϭ͘ϳϯϱϮϱ WƵďůŝĐ^ƵƉƉůǇ ^tϭϯ͘ϲ&d͖ϭϬϬ'WD͘ ϮϯϮϯϱ ϯϭϮϴϭϯ tKK͕E &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ ^WhtKKZK͕&/ZE<^͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϮϬϬϭϯ ϲϱ &ϬϬϭEϬϬϭϮϭE^tEtE ϲϰ͘ϵϬϰϮϮ Ͳϭϰϳ͘ϱϱϱϭϲϵ WƵďůŝĐ^ƵƉƉůǇ ϮϯϮϲϯ ϮϲϬϮϴϲ WĂƵů͕ŝƚǇKĨ WƌŝďŝůŽĨ/ƐůĂŶĚƐZ ^dWh>s/>>'͕&ZZ<ϯ͖Wt^/ϮϲϬϮϴϲ^/EdWh>tdZ>^ϭϴϱϵϮ ϲϳ ^Ϭϯϱ^ϭϯϮtϭϯ^tE^E ϱϳ͘ϭϱϰϮϰϳϯ ͲϭϳϬ͘ϮϲϵϮϴϳ WƵďůŝĐ^ƵƉƉůǇ ^ϮϬϰϭϱ ϮϯϮϲϰ ϮϲϬϮϴϲ WĂƵů͕ŝƚǇKĨ WƌŝďŝůŽĨ/ƐůĂŶĚƐZ ^dWh>s/>>'͕&ZZ<ϰ͖Wt^/ϮϲϬϮϴϲ^/EdWh>tdZ>^ϭϴϱϵϮ ϳϬ ^Ϭϯϱ^ϭϯϭtϭϴ^tEEtEt ϱϳ͘ϭϱϳϴϭϳϴ ͲϭϳϬ͘Ϯϲϯϱϭϵ WƵďůŝĐ^ƵƉƉůǇ ^ϮϬϰϭϱ ϮϯϮϲϱ ϮϲϬϮϴϲ WĂƵů͕ŝƚǇKĨ WƌŝďŝůŽĨ/ƐůĂŶĚƐZ ^dWh>s/>>'͕&ZZ<ϱ͖Wt^/ϮϲϬϮϴϲ^/EdWh>tdZ>^ϭϴϱϵϮ ϭϭϬ ^Ϭϯϱ^ϭϯϭtϭϴEEtEEt ϱϳ͘ϭϱϴϭϮϲϴ ͲϭϳϬ͘Ϯϱϴϯϳϳ WƵďůŝĐ^ƵƉƉůǇ ^ϮϬϰϭϱ ϮϯϮϲϴ ϮϲϬϬϳϰ 'KZ'͕/dzK& WƌŝďŝůŽĨ/ƐůĂŶĚƐZ ^d'KZ'/^>E͕t>>Ϭϵ͖Wt^t>ϬϬϰ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘Ϯϰϭ ^Ϭϰϭ^ϭϮϵtϯϮ^tEEtE ϱϲ͘ϱϵϱϴϱϰ Ͳϭϲϵ͘ϱϯϯϲϭϳ WƵďůŝĐ^ƵƉƉůǇ ^tϮϮϴ͘ϳ͕&dϲ'WD ϮϯϮϲϵ ϮϲϬϬϳϰ 'KZ'͕/dzK& WƌŝďŝůŽĨ/ƐůĂŶĚƐZ ^d'KZ'/^>E͕t>>ϭϬ͖Wt^t>ϬϬϱ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘Ϯϰϭ ^Ϭϰϭ^ϭϮϵtϯϮ^EEtE ϱϲ͘ϱϵϲϬϲϰ Ͳϭϲϵ͘ϱϯϮϲϳϱ WƵďůŝĐ^ƵƉƉůǇ ^tϮϮϳ͘ϱ&d͕ϲ'WD Ϯϯϯϰϳ ϮϳϬϮϳϯ h^W,^͕WZdDEdK&/E/E,>d,͕DZ^,>>;ϭͿ >ŽǁĞƌzƵŬŽŶZ DZ^,>>͕s/>>'K&Ͳt>>ϭ͖Wt^t>ϬϬϮ;Ett>>ηϭͲϭϵ >^ϮϬϭϴϯ ϯϭϲ ^ϬϮϭEϬϳϬtϮϳE^^^ ϲϭ͘ϴϳϱϮϳ ͲϭϲϮ͘ϬϴϬϯϭ WƵďůŝĐ^ƵƉƉůǇ ^tϭϭϰ&ddK͕ϭϭ͘ϲ'WD;ϳͬϮϰͬϬϯͿKWE,K>ϯϬϳ&ddKϯϭϲ &dϴΗdKϭϲϰ͘ϱ&d͕ϲΗdKϯϬϳ&d͕WZ&^>Ktϭϳϱ&dt>> Z/>>/Eϭϵϵϯ͘>dϲϭϱϭϵϲ͕>KE'ϭϲϮϬϰϭϰ͘ Ϯϯϯϰϴ ϮϳϬϮϳϯ h^W,^͕WZdDEdK&/E/E,>d,͕DZ^,>>;ϮͿ >ŽǁĞƌzƵŬŽŶZ DZ^,>>͕s/>>'K&Ͳt>>Ϯ͖Wt^t>ϬϬϯ;Ett>>ηϮͲϭϵ >^ϮϬϭϴϯ ϯϯϯ ^ϬϮϭEϬϳϬtϮϳEt^^^ ϲϭ͘ϴϳϱϰϲ ͲϭϲϮ͘Ϭϳϵϳϳ WƵďůŝĐ^ƵƉƉůǇ ^tϭϭϲ&ddK͕ϭϭ͘Ϯ'WD;ϳͬϮϰͬϬϯͿKWE,K>ϯϮϰ&ddKϯϯϯ &d͘t>>ϰ&d,/',Zd,EηϭϴΗdKϭϴϮ&d͕ϲΗdKϯϮϰ&d͕WZ&^ >Ktϭϴϯ&dt>>Z/>>/Eϭϵϵϯ͘>dϲϭϱϭϵϲ͕>KE' ϭϲϮϬϰϭϰ͘ Ϯϯϰϵϴ ϯϰϬϭϲϳ hƐWŚƐ͕<ŽǇƵŬ ĞƌŝŶŐ^ƚƌĂŝƚƐZ <Kzh<͕t^,dZ/tϰ͖Wt^/ϯϰϬϭϲϳ<Kzh<Wh>/tdZ^>ϳϱϴϵϱ ϵϬ <ϬϬϲ^ϬϭϮtϯϭEtEEE ϲϰ͘ϵϯϮϬϵϴϰ Ͳϭϲϭ͘ϭϲϮϰϲ WƵďůŝĐ^ƵƉƉůǇ ^tϴ&ddKW͕ϮϬ&d^/E'^ddKϯ'WD Ϯϯϱϭϰ ϮϰϬϰϰϴ <ĞŶĂŝ͕ŝƚǇKĨ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ sZZ<>^<dƌϯ͕Wt^t>ϬϬϰt>;Ett>>ηϯͿ͖>ŽĐĂ>^ϮϬϲϱϰ ϰϮϯ ^ϬϬϲEϬϭϭtϯϲ^t^^tEt ϲϬ͘ϱϲϳϲϴ Ͳϭϱϭ͘ϭϰϬϱϲϴ WƵďůŝĐ^ƵƉƉůǇ ^tϱ&ddK͕ϭϬϬϬ'WD/E>h^WhDWd^ddt/d, ZKsZz^͕^ZEϯϱϬ&dΘKtEdKE Ϯϯϱϰϱ ϯϭϬϲϴϯ hE/sZ^/dzK&>^<͕&/ZE<^Ͳ,d/E'W>Ed &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ ,d/E'W>Edt>>ϯͲK&&'/^dZK͖Wt^t>ϬϬϮ;t>>ϮĂ>^ϭϯϱϮϲ ϳϬ &ϬϬϭ^ϬϬϭtϬϲ^E^^t ϲϰ͘ϴϱϬϴϳ Ͳϭϰϳ͘ϴϯϬϯϲ WƵďůŝĐ^ƵƉƉůǇ ^tϮϮ&d͕^ZEϱϬͲϳϬ^dK&t>>Ϯ͘EK>KE'Z/Eh^͘ &d͕&h>>^dKϱϬ&dϱϬϬ'WD Ϯϯϱϰϲ ϯϴϭϰϮϮ EŽƌƚŚǁĂǇ͕sŝůůĂŐĞKĨ ůĂƐŬĂ'ĂƚĞǁĂǇZ hE<EKtE>Kd͕EKZd,tzs/>>'͖Wt^/ϯϴϭϰϮϮEKZd,tz>^ϭϰϯϳϴ ϮϬϰ ϬϭϰEϬϭϴϮϯ^tEEt ϲϮ͘ϵϴϯϳϱϯϮ Ͳϭϰϭ͘ϵϰϴϭϬϱ WƵďůŝĐ^ƵƉƉůǇ ^tϴ&d>Kt^hZ&͕^dKϭϵϰ&d͕^ZE͍ ϮϯϱϱϬ Ϯϭϴϲϰϰ ^ddK&>^<͕KdΘW& DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ /ZZ<^E/KsZ>KK<͖EŽŶͲWƵďůŝĐt>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϮϰ ^ϬϭϬEϬϬϭtϬϵE^t^tE ϲϬ͘ϵϳϮϵϴϭ Ͳϭϰϵ͘ϰϲϭϮϳϰ WƵďůŝĐ^ƵƉƉůǇ ^tϴϱ&d>^͕^ZE^dKϭϭϱ&d͕ ϮϯϱϳϬ ϮϭϯϰϬϵ DƵƐŬǇ͕WĞƌƐŽŶƐ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ h^^ϯϬϰϱ>Ϭϰϲ͕'/ZtKK^D>>dZd^>Ϭϰϲ͖Wt^/ϮϭϯϰϬϵKh>Dh^<z/ϭϭϭ ^ϬϭϬEϬϬϮϬϴEt^t^t^ ϲϬ͘ϵϲϱϳϯϮϲ Ͳϭϰϵ͘ϭϯϳϭϭϱ WƵďůŝĐ^ƵƉƉůǇ ^tϰϮ&d>^͕ϮϬ'WD&h>>^͕WZ&ϲϯͲϳϱ&d͕KddKD ^> Ϯϯϱϳϴ Ϯϭϰϱϴϲ ,h'/<E&/d^^K/d/KE DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ,h'/<>DEdZzͲK>͖Wt^t>ϬϬϯ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϰϰ ^ϬϭϱEϬϬϭtϭϳ^tEE^ ϲϭ͘ϯϴϵϬϮ Ͳϭϰϵ͘ϰϴϮϰϵ WƵďůŝĐ^ƵƉƉůǇ ^tϮϭ&ddK͕ϴ'WDZK<dϯϭ&d^͕^>Kdd&ZKD ϮϰdKϯϮ&dK>,h'/<>DEdZz͕WKKZ>DK^d />>'/>>K' ϮϯϲϮϵ ϮϲϬϯϬϵ hŶĂůĂƐŬĂ͕ŝƚǇKĨ ůĞƵƚŝĂŶZĞŐŝŽŶZ hE>^<Z<ZKdƌϲ͖Wt^t>ϬϬϭ;t>>ϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϲϰ ^Ϭϳϯ^ϭϭϴtϭϰEtEEE ϱϯ͘ϴϲϮϱ Ͳϭϲϲ͘ϱϭϯϲϲ WƵďůŝĐ^ƵƉƉůǇ ^tϰ&d>^͕ϳ'WDEK>/d,K>K'z^E^ZE >KtZϮϵ&d͘t>>Ϯ͘ ϮϯϲϯϬ ϮϲϬϯϬϵ hŶĂůĂƐŬĂ͕ŝƚǇKĨ ůĞƵƚŝĂŶZĞŐŝŽŶZ hE>^<Z<ZKdƌϲ͖Wt^t>ϬϬϮ;t>>ϮͲKDD/^^/KEͿ͖>ŽĐ ϲϳ ^Ϭϳϯ^ϭϭϴtϭϯEEt^tEt ϱϯ͘ϴϱϵϮϰ Ͳϭϲϲ͘ϱϬϴϵϵϵ WƵďůŝĐ^ƵƉƉůǇ ^tϲ&d>^͕ϭϮϱϬ'WDEK>/d,K>K'z^E^ZE >KtZϮϵ&d͕ϭϬϬϬ'WD Ϯϯϲϱϴ ϮϲϮϵϬϮ ƌŝƐƚŽůĂǇEĂƚŝǀĞƐƐŽĐŝĂƚŝŽŶͲ<ĂŶĂŬĂŶĂŬ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ h^^ϯϲϰϯ>Ϭϳ͕<E<E<͕,^dZd^,KK>͖Wt^/ϮϲϮϵϬϮ>^ϮϰϮϵϮ ϭϲϬ ^Ϭϭϯ^Ϭϱϱtϭϳ^tE^^t ϱϵ͘Ϭϰϰϳϲϵϯ Ͳϭϱϴ͘ϰϵϮϱϵϵ WƵďůŝĐ^ƵƉƉůǇ ^tϮϲ&d>^͕ϭϬ'WDWZtdZ;ϵϲ&dͿ,^/ZKE^ EWZ&KZdϯϬdKϯϮ&d Ϯϯϲϴϵ Ϯϳϭϴϳϰ ^>dDhd͕s/>>'K& <ƵƐƉƵŬZ ^>dDhd͕^Khd,͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^ϭϯϯϵϬ ϰϲ ^ϬϭϵEϬϰϰtϯϲ^^^Et ϲϭ͘ϲϵϯϳϭ Ͳϭϱϳ͘ϭϳϰϵϴ WƵďůŝĐ^ƵƉƉůǇ ^tϳ͘ϱ&ddK͕ϯϮ'WD^dKϯϰ&d͕^ZEdKϰϲ&d Ϯϯϲϵϱ ϮϭϮϵϭϲ tŝůŵŽƚŚ͕'ĞŽƌŐĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^<zZE,^dd^Ϯ>Ϭϯϭ͖Wt^/ϮϭϮϵϭϲ^<zZE,^dd^>^ϯϱϭϲ ϭϴϭ ^ϬϭϮEϬϬϯtϮϮEEtEt^ ϲϭ͘ϭϭϱϮϵϱϰ Ͳϭϰϵ͘ϳϴϲϵϮϲ WƵďůŝĐ^ƵƉƉůǇ ^tϭϮϳ&d͕ϭϮϬ'WD&h>>^͕WZ&KZdϭϱϬ&dͲϭϳϮ&d Ϯϯϲϵϲ ϮϮϬϳϮϯ DdEh^<Ͳ^h^/dEKZKh', DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dZWWZZ<^,KK>Ϯ͖&ŽƌŵĞƌWt^/ϮϮϬϳϮϯD^^dZWW>^ϭϯϲϬϯ ϵϮ ^ϬϮϲEϬϬϲtϮϱ^t^t^tEt ϲϮ͘ϯϭϰϴϯϬϭ ͲϭϱϬ͘ϯϭϴϬϭϲϳ WƵďůŝĐ^ƵƉƉůǇ ^tϰϯ&d>^͕ϭϬϬн'WDWWZEd>zEKd/Eh^͘^dKϳϲ &d͕^ZEdKϵϮ&d ϮϯϳϮϰ ϮϴϬϬϳϰ h^W,^͕,K>zZK^^ /ĚŝƚĂƌŽĚZ ,K>zZK^^W,^>Kd͖Wt^/ϮϴϬϬϳϰ,K>zZK^^tdZ^z^dD͕t>ϬϬϭ͖>ŽĐĂƚŝŽ ϭϯϬ ^ϬϮϰEϬϱϳtϬϱEtEtEt^ ϲϮ͘ϭϵϴϱϱϳ Ͳϭϱϵ͘ϳϳϬϲϵϭ WƵďůŝĐ^ƵƉƉůǇ ^tϯϵ&d͖ϲ'WD Ϯϯϳϰϰ ϮϭϬϯϱϰ ŶĚĞƌƐŽŶ͕Z DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ t,>Z/EdZ/>ZWZ<͕,h'/<͖Wt^/ϮϭϬϯϱϰ/E>ds/tD,W,h'/<͕t ϭϭϲ ^ϬϭϱEϬϬϭtϯϬ^EtEE ϲϭ͘ϯϲϳϬϴϰϱ Ͳϭϰϵ͘ϱϭϰϰϬϰ WƵďůŝĐ^ƵƉƉůǇ ^tϱϭ&d>^͕ϮϬ'WD͕&h>>^͕^ZEϴϰͲϭϭϲ&d ϮϯϳϱϮ Ϯϭϭϰϳϯ E^KE͕t DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ WdZ^Z<dZZ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϵϲ ^ϬϭϱEϬϬϭtϬϯEt^t^t^ ϲϭ͘ϰϭϯϯϭ Ͳϭϰϵ͘ϰϯϯϲ WƵďůŝĐ^ƵƉƉůǇ ^tϳϰ&d͕ϰϱ'WD&h>>^͕WZ&ϴϲͲϵϲ&d Ϯϯϳϱϰ ϮϲϬϮϰϰ </E'Ks ůĞƵƚŝĂŶƐĂƐƚŽƌŽƵŐŚ </E'Ks/Z^dZ/WͲϬϮ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϳϳ ^Ϭϱϴ^Ϭϴϲtϯϱ^EEE ϱϱ͘ϭϭϵϰϴϯ ͲϭϲϮ͘ϮϳϰϬϴϲ WƵďůŝĐ^ƵƉƉůǇ ^tϯϲ&d>^^͕WZ&ϲϰͲϳϱ&d͕^>dKϭϭϵ&d Ϯϯϳϱϲ ϮϲϬϮϰϰ </E'Ks ůĞƵƚŝĂŶƐĂƐƚŽƌŽƵŐŚ </E'Ks/Z^dZ/WͲϬϯ͖Wt^t>ϬϬϯ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϳϮ ^Ϭϱϴ^Ϭϴϲtϯϲ^t^EtEt ϱϱ͘ϭϭϳϲϬϲ ͲϭϲϮ͘Ϯϲϵϭϲ WƵďůŝĐ^ƵƉƉůǇ ^tϮϲ&d>^^͕WZ&ϲϬͲϳϬ&d͕^>dKϭϭϵ&d Ϯϯϳϱϵ ϮϲϬϮϰϰ </E'Ks ůĞƵƚŝĂŶƐĂƐƚŽƌŽƵŐŚ </E'Ks/Z^dZ/WͲϬϴ͖Wt^t>ϬϬϴ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϴϳ ^Ϭϱϴ^Ϭϴϲtϯϲ^t^EEt ϱϱ͘ϭϭϳϰϰ ͲϭϲϮ͘ϮϲϯϬϳ WƵďůŝĐ^ƵƉƉůǇ ^tϯϭ&d>^^͕WZ&ϳϮͲϴϳ&d͕^>dKϵϯ&d ϮϯϳϲϬ ϮϲϬϮϰϰ </E'Ks ůĞƵƚŝĂŶƐĂƐƚŽƌŽƵŐŚ </E'Ks/Z^dZ/WͲϬϵ͖Wt^t>ϬϬϵ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϬϴ ^Ϭϱϴ^ϬϴϲtϯϲEtE^tE ϱϱ͘ϭϭϳϮϬϱ ͲϭϲϮ͘Ϯϱϳϲϴϵ WƵďůŝĐ^ƵƉƉůǇ ^tϮϱ&d>^^͕WZ&ϵϲͲϭϬϲ&d͕^>dKϭϭϬ&d ϮϯϴϬϲ ϮϳϭϬϯϯ h^W,^ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ dDhd>h<͕s/>>'K&͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϮϱϱϮϯ Ϯϴϰ ^ϬϬϵEϬϳϯtϮϬE^^tEt ϲϬ͘ϴϱϲϰϵ ͲϭϲϮ͘Ϯϳϳϭϯ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬ&d͖ϭϲ'WD͘ ϮϯϴϬϳ ϮϴϬϭϳϭ h^W,^͕Es/< /ĚŝƚĂƌŽĚZ Es/<͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϵϴ ^ϬϯϬEϬϱϴtϯϮ^EEEt ϲϮ͘ϲϱϮϰϴϳ ͲϭϲϬ͘ϭϵϵϲϴϴ WƵďůŝĐ^ƵƉƉůǇ ^tϮϵ͘ϱ&ddK͖ϯϬ'WD͘/dzt^,dZ/͘ Ϯϯϴϭϱ ϮϲϬϯϮϱ h^W,^͕dK'/< ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ dK'/<t>>͖Wt^/ϮϲϬϯϮϱdK'/<tdZ^z^dD͕t>ϬϬϭ;t>>Ϳ͖>ŽĐĂƚŝŽ ϭϮϱ ^Ϭϭϯ^ϬϲϳtϭϭEtEEt^t ϱϵ͘Ϭϲϰϯϱ ͲϭϲϬ͘ϰϭϲϱϳ WƵďůŝĐ^ƵƉƉůǇ Zd^/Et>> Ϯϯϴϭϳ ϮϲϬϯϮϱ h^W,^͕dK'/< ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ dK'/<t>>͖Wt^/ϮϲϬϯϮϱdK'/<tdZ^z^dD͕t>ϬϬϯ;t>^ϭϯϱϲϬ ϭϯϰ ^Ϭϭϯ^ϬϲϳtϭϭEtEtE^t ϱϵ͘Ϭϲϰϭ ͲϭϲϬ͘ϰϭϮϯϭ WƵďůŝĐ^ƵƉƉůǇ ϳϬ'WD͘ Ϯϯϴϭϴ ϮϲϬϯϮϱ h^W,^͕dK'/< ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ dK'/<t>>͖Wt^/ϮϲϬϯϮϱdK'/<tdZ^z^dD͕t>ϬϬϰ; >^ϭϯϱϲϬ ϭϴϳ ^Ϭϭϯ^ϬϲϳtϭϭEEtE^t ϱϵ͘Ϭϲϯϴϲ ͲϭϲϬ͘ϰϭϬϯϭ WƵďůŝĐ^ƵƉƉůǇ ϱϬ'WD͘ ϮϯϴϮϭ ϮϲϬϬϲϲ hƐWŚƐ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Et,>E͖Wt^/ϮϲϬϬϲϲEt,>EtdZ^z^dD͕t>ϬϬϮ;t>>ηϮͿ͖>ŽĐĂƚŝŽ ϰϬϬ ^ϬϬϱ^ϬϯϯtϮϭE^^t^ ϱϵ͘ϳϮϮϳϬϵϳ Ͳϭϱϰ͘ϴϵϳϱϴϯ WƵďůŝĐ^ƵƉƉůǇ ^tϯϯ&d͖ϭϬ'WD͘ >ŽŐ/Ě Wt^/ KǁŶĞƌ ZĞŐŝŽŶ WĂƌĐĞůĞƐĐƌŝƉƚŝŽŶ >^ tĞůů ĞƉƚŚ DdZ^ >ĂƚŝƚƵĚĞ >ŽŶŐŝƚƵĚĞ tĞůůhƐĞ ƌŝůůĞƌƐŽŵŵĞŶƚƐ ^ƚĂƚĞǁŝĚĞWƵďůŝĐtĞůůƐͲt>d^ ϮϯϴϮϮ ϮϲϬϬϲϲ hƐWŚƐ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Et,>E͖Wt^/ϮϲϬϬϲϲEt,>EtdZ^z^dD͕t>ϬϬϭ;t>>ηϭͿ͖>ŽĐĂƚŝŽ ϰϬϱ ^ϬϬϱ^ϬϯϯtϮϭEt^t^^ ϱϵ͘ϳϮϯϭϭϬϮ Ͳϭϱϰ͘ϴϵϲϯϵϯ WƵďůŝĐ^ƵƉƉůǇ ^tϭϰ&d͖ϯ'WD͘t>>WEdK/EZ^tdZ WZKhd/KE͘ ϮϯϴϮϯ ϮϲϬϬϲϲ hƐWŚƐ͕EĞǁŚĂůĞŶ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Et,>E͖Wt^/ϮϲϬϬϲϲEt,>EtdZ^z^dD͕t>ϬϬϯ;t>>ηϯͿ͖>ŽĐĂƚŝŽ ϮϬϬ ^ϬϬϱ^ϬϯϯtϮϭE^^t^ ϱϵ͘ϳϮϮϴϮϬϯ Ͳϭϱϰ͘ϴϵϴϰϲϴ WƵďůŝĐ^ƵƉƉůǇ Ϯϯϴϯϲ Ϯϳϭϵϴϯ ŽŶůŝŶ'ŽůĚ>ůĐ <ƵƐƉƵŬZ KE>/EZ<DWt>>ϯ͖Wt^/ϮϳϭϵϴϯKE>/E'K>DW͕t>ϬϬϭ;tĞůůηϯ ϱϯϬ ^ϬϮϮEϬϰϵtϬϮ^t^t^Et ϲϮ͘ϬϮϲϯϰϬϱ Ͳϭϱϴ͘Ϯϭϳϳϴϵ WƵďůŝĐ^ƵƉƉůǇ ^tϵϰ&d͕ϳ'WD/EDZ/EZ<Z/E'͕dZ/K& ZKK<Z<͘^dKϲϬ&d͕Ws>/EZ>Kt Ϯϯϴϯϴ ϯϬϬϮϬϲ h^W,^͕>><<d zƵŬŽŶͲ<ŽǇƵŬƵŬZ >><<d͖Wt^/ϯϬϬϮϬϲz<^Ͳ>><<d^,KK>͕t>ϬϬϭ͖>Ž>ϳϱϴϵϬ ϯϱ &ϬϮϬEϬϮϰtϭϰ^tEtEEt ϲϲ͘ϱϲϱϯϳ ͲϭϱϮ͘ϲϰϯϵϰ WƵďůŝĐ^ƵƉƉůǇ ^tϭϴ&d͖ϭϱ'WD͘^^hDdK^^K/dt/d,> ϳϱϴϵϬ͍͍͍^dKϯϬ&d͕^ZEdKϯϱ&d͖tdZYh>/dz dK>>d ϮϯϴϰϬ ϯϬϬϮϭϰ h^W,^͕D>Z EŽƌƚŚǁĞƐƚƌĐƚŝĐŽƌŽƵŐŚ D>Z͖Wt^t>ϬϬϮKƌŝŐŝŶĂůWƵŵƉ,ŽƵƐĞtĞůů͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϬϱ <ϬϮϬEϬϬϱϯϭ^t^Et^ ϲϳ͘Ϭϴϲϯϲ Ͳϭϱϳ͘ϴϱϵϯϲ WƵďůŝĐ^ƵƉƉůǇ ^tϲϱ&d͖ϯϬ'WD͘ ϮϯϴϰϮ ϯϬϬϮϭϰ h^W,^͕D>Z EŽƌƚŚǁĞƐƚƌĐƚŝĐŽƌŽƵŐŚ D>Z͕Z/sZt>>͖Wt^t>ϬϬϭKůĚZŝǀĞƌtĞůů͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϲϳ <ϬϮϬEϬϬϱϯϭ^Et^^ ϲϳ͘Ϭϴϱϭϳϵϲ Ͳϭϱϳ͘ϴϱϰϲϬϱϮ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬ&d͕ϮϬ'WD͘t>>ϰ͖tdZYh>/dzdK>>d Ϯϯϴϱϭ ϮϲϬϮϮϴ hƐWŚƐ͕ŚŝŐŶŝŬĂǇ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ,/'E/<z/dzt>>ϭ͖Wt^/ϮϲϬϮϮϴ,/'E/<ztdZ^z^dD͕t>ϬϬϮ;t ϭϯϮ ^Ϭϰϱ^ϬϱϴtϬϳ^t^^t^t ϱϲ͘ϮϵϮϱϰϵϭ Ͳϭϱϴ͘ϰϭϭϴϱ WƵďůŝĐ^ƵƉƉůǇ ^tϰ͘ϰϮ&d͖ϲϬ'WD͘ ϮϯϴϱϮ ϮϲϭϬϵϲ hƐWŚƐ͕ŚŝŐŶŝŬ>ĂŬĞ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ,/'E/<><͖Wt^/ϮϲϭϬϵϲ,/'E/<><tdZ^z^dD͕t>Ϭ>^Ϯϴϳϲϰ ϱϲ ^Ϭϰϱ^ϬϲϭtϮϲE^E^t ϱϲ͘Ϯϱϯϱϱϵϭ Ͳϭϱϴ͘ϳϲϯϳϯϯ WƵďůŝĐ^ƵƉƉůǇ ^tϭϱ͘ϱ&d͖ϯϬ'WD͘ Ϯϯϴϱϱ ϯϲϬϮϱϲ &ŽƌƚzƵŬŽŶ͕ŝƚǇKĨ &KZdzh<KE^,KK>t>>ϭ͖Wt^/ϯϲϬϮϱϲ&d͘zh<KEWh>/tdZ^z^dD͕ϯϬ &ϬϮϬEϬϭϮϭϳEEt^tEt ϲϲ͘ϱϲϮϯϮϰϱ Ͳϭϰϱ͘Ϯϰϰϭϴϲ WƵďůŝĐ^ƵƉƉůǇ ^tϭϯ&d͖ϲϬ'WD͖tdZYh>/dzdK>>d Ϯϯϴϱϲ ϯϲϬϮϱϲ &ŽƌƚzƵŬŽŶ͕ŝƚǇKĨ &KZdzh<KE^,KK>t>>Ϯ͖Wt^/ϯϲϬϮϱϲ&d͘zh<KEWh>/tdZ^z^dD͕Ϯϵ &ϬϮϬEϬϭϮϭϳEEt^tEt ϲϲ͘ϱϲϮϯϮϰϱ Ͳϭϰϱ͘Ϯϰϰϭϱϲ WƵďůŝĐ^ƵƉƉůǇ ^tϭϯ&d͖ϲϬ'WD͖tdZYh>/dzdK>>d Ϯϯϴϱϵ ϯϰϬϮϯϬ h^W,^͕</E EŽƌƚŚǁĞƐƚƌĐƚŝĐŽƌŽƵŐŚ </EtdZW>Edͬ^,KK>KE<Kh<Z/sZ͖Wt^/ϯϰϬϮϯϬ<>ϰϲϯϮϮ ϵϴ <ϬϭϴEϬϬϴtϬϵ^EtEt^ ϲϲ͘ϵϳϯϬϭϱ ͲϭϲϬ͘ϰϮϱϳϲϵ WƵďůŝĐ^ƵƉƉůǇ ^tϱϳ&d͕ϮϬ'WD͘^dKϵϱ&d͕WZ&^ϴϴͲϵϯ&d ϮϯϴϲϮ ϯϰϬϱϲϱ hƐWŚƐ͕<ŽďƵŬ EŽƌƚŚǁĞƐƚƌĐƚŝĐŽƌŽƵŐŚ <Kh<͕t>>Ϯ͖Wt^/ϯϰϬϱϲϱ<Kh<tdZ^z^dD͕t>ϬϬϭ;t>>ηϮͲ/E^/t ϯϬ <ϬϭϳEϬϬϵϬϯ^tEtEEt ϲϲ͘ϵϬϳϴϮϭϳ Ͳϭϱϲ͘ϴϴϯϭϲϯ WƵďůŝĐ^ƵƉƉůǇ ^tϭϮ&d͖ϮϬ'WD͘ Ϯϯϴϲϵ Ϯϭϭϴϭϯ tŝůŵŽƚŚ͕'ĞŽƌŐĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^<zZE,^dd^Ϯ>ϭϭϭ͖Wt^/Ϯϭϭϴϭϯ^<zZE,^dd^>^ϯϱϭϳ ϭϰϱ ^ϬϭϮEϬϬϯtϮϮEEEt^ ϲϭ͘ϭϭϱϰϮϴϵ Ͳϭϰϵ͘ϳϴϭϴϭϱ WƵďůŝĐ^ƵƉƉůǇ ^tϴϴ&d͖ϭϮϬ'WD&h>>^͕^,KdWZ&KZd ϮϰϬϭϳ ϮϭϬϱϳϰ ,ĂǁŬŝŶƐͬƚŽƚĞŵdƌĂŝůĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ sEKsZ>ϭϴ͖Wt^/ϮϭϬϱϳϰdKdDdZ/>ZdKtEd͖t>ϬϬϮ;^KhZϬϬϰt ϮϭϮ ^ϬϭϯEϬϬϯtϭϱEt^Et^t ϲϭ͘Ϯϭϰϲϳϵϳ Ͳϭϰϵ͘ϴϬϰϮϭϰ WƵďůŝĐ^ƵƉƉůǇ ^tϱϯ&d͖ϭϬϬ'WD͘dKdDdZ/>ZWZ<ͬ,t</E^ EdZWZ/^^ ϮϰϬϮϮ ϯϭϬϲϴϯ hE/sZ^/dzK&>^<͕&/ZE<^Ͳ,d/E'W>Ed &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ ,d/E'W>Edt>>ϮͲK&&'/^dZK͖Wt^t>ϬϬϭ;t>>ϭĂ>^ϭϯϱϮϲ ϴϬ &ϬϬϭ^ϬϬϭtϬϲ^E^^t ϲϰ͘ϴϱϬϴϳ Ͳϭϰϳ͘ϴϯϬϯϲ WƵďůŝĐ^ƵƉƉůǇ ^tϮϯ͘ϱ&d͖ϳϱϬ'WD͘ ϮϰϬϮϳ Ϯϰϭϴϳϲ ŽŽŬ/ŶůĞƚWŝƉĞůŝŶĞ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Z/&dZ/sZdZD/E>͖Wt^/ϮϰϭϴϳϲKK</E>dW/W>/EZ/&>^ϭϵϬϳϲ ϱϴ ^ϬϬϲEϬϭϳtϮϰ^E^E ϲϬ͘ϱϵϳϴϱϴϰ ͲϭϱϮ͘ϭϲϵϴϭϱ WƵďůŝĐ^ƵƉƉůǇ ^tϮ͘ϱ&d͕͍'WD ϮϰϬϵϳ ϮϭϭϰϮϯ h^K͕/Z&KZ͕>DEKZ&&͕,K^W/d> DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ >DEKZ&&,K^W/d>WtͲϮ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď>^Ϯϭϲϴϰ Ϯϲϳ ^ϬϭϯEϬϬϯtϭϮ^EEtEt ϲϭ͘ϮϯϳϰϬϴ Ͳϭϰϵ͘ϳϰϭϭϯϴ WƵďůŝĐ^ƵƉƉůǇ ^tϭϭϯ&d͕ϳϱϬ'WDϭϰΗ^/E'͘ ϮϰϬϵϴ ϮϭϭϰϮϯ h^K͕/Z&KZ͕>DEKZ&&͕,K^W/d> DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ >DEKZ&&,K^W/d>WtͲϯ͖Wt^t>ϬϬϯ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď>^Ϯϭϲϴϰ ϮϮϱ ^ϬϭϯEϬϬϯtϭϮ^E^tEt ϲϭ͘Ϯϯϯϭϰϱ Ͳϭϰϵ͘ϳϰϮϭϮϱ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬϲ͘ϯ&d͕͍'WDWZKhd/KEt>>͘t>>>Kd^ KZEZK&WKtZW>Ed͘ Ϯϰϭϯϭ ϮϲϬϬϵϬ hƐWŚƐDĂŶŽŬŽƚĂŬ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ h^^ϰϴϳϱDEK<Kd<,/',d^>ϬϮϰ >^Ϯϭϲϯϳ ϭϱϬ ^Ϭϭϰ^ϬϱϵtϭϮEt^^tEt WƵďůŝĐ^ƵƉƉůǇ ^tϯϬ&d͖Ϯϯ'WD͘ Ϯϰϭϯϳ ϮϲϬϭϲϯ h^W,^͕W/>Kd^dd/KE W/>Kd^dd/KE͕Wt^t>ϬϬϮ;t>>Ϳ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϴϯ ^ϬϮϭEϬϳϰtϬϱEEt^tE ϲϭ͘ϵϰϮϮϮ ͲϭϲϮ͘ϴϴϱϮϭ WƵďůŝĐ^ƵƉƉůǇ ^tϭϯ͘ϰ&d͖ϯϬͲϰϬ'WD͘Z/>>dKϵϯ&d^d>^dKϭϬ͕ WsdKϲϯ͕Ws^ZEdKϴϯ&d Ϯϰϭϯϴ ϮϲϮϯϭϵ hƐWŚƐ͕EĂƉĂŬŝĂŬ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ Wt^/ϮϲϮϯϭϵEW</<t͘^͘EdZ>t>>͕t>ϬϬϭ;/dzt>>;ϭϵϴϱͿͿ͖>ŽĐĂƚŝŽŶ ϭϲϯ ^ϬϬϳEϬϳϮtϭϳ ϲϬ͘ϲϵϯϱϮϳϮ Ͳϭϲϭ͘ϵϳϬϳϯϰ WƵďůŝĐ^ƵƉƉůǇ ^tϳ͘ϯϯ&d͘ Ϯϰϭϯϵ ϮϳϬϮϱϳ h^W,^͕'KKEt^z >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ 'KKEt^zW,^t>>ϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϲϳ ^ϬϭϮ^ϬϳϯtϮϭ^^tE^t ϱϵ͘ϭϭϴϱϵ Ͳϭϲϭ͘ϱϴϴϳϵϱ WƵďůŝĐ^ƵƉƉůǇ ^tϮϬ&d Ϯϰϭϱϯ ϮϳϬϯϮϬ ,s<͕/dzK& <ĂƐŚƵŶĂŵŝƵƚZ h^^ϱϬϮϯ͕,s<͖Wt^/ϮϳϬϯϮϬ,s<tdZ^z^dD͕t>ϬϬ>^ϮϬϭϴϰ Ϯϭϴ ^ϬϭϳEϬϵϬtϯϰEtEEtEt ϲϭ͘ϱϮϲϱϰ Ͳϭϲϱ͘ϱϴϵϴϳ WƵďůŝĐ^ƵƉƉůǇ ^tϯϲ&d͕͍'WD^dKϮϬϬ&d͕^ZEdKϮϭϴ&d͕EW ϮϰϮϭϱ Ϯϭϴϱϱϰ tĂƚƚ͕, DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ Z/&>ZE'͖Wt^/ϮϭϴϱϱϰZ/dZ<Z/&>ZE'͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚ ϱϴ ^ϬϭϮEϬϬϯtϯϯ^tEt^t^t ϲϭ͘Ϭϴϭϵϱϴϴ Ͳϭϰϵ͘ϴϯϮϵϭϲ WƵďůŝĐ^ƵƉƉůǇ ^tϮ&d>^͖ϭϯ'WD͘&>Kt/E'^dKϱϯ&d͖^ZEϱϬͲ ϱϱ&d͘Zd^/E͘ ϮϰϮϯϳ ϮϲϬϯϬϵ hE>^<͕/dzK& ůĞƵƚŝĂŶZĞŐŝŽŶZ hE>^<t>>ϭ͖Wt^t>ϬϬϭ;t>>ϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^Ϯϯϵϲ ϱϲ ^Ϭϳϯ^ϭϭϴtϭϰEtEEE ϱϯ͘ϴϲϮϱϭϯ Ͳϭϲϲ͘ϱϭϯϱϭϴ WƵďůŝĐ^ƵƉƉůǇ ^tϱ&ddK͖ϱϬϬ'WD͘EK>/d,K>K'z ϮϰϮϯϴ ϮϲϬϯϬϵ hE>^<͕/dzK& ůĞƵƚŝĂŶZĞŐŝŽŶZ hE>^<t>>Ϯ͖Wt^t>ϬϬϮ;t>>ϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^Ϯϯϵϳ ϱϯ ^Ϭϳϯ^ϭϭϴtϭϯEEt^tEt ϱϯ͘ϴϱϵϮϴϱ Ͳϭϲϲ͘ϱϬϵϬϰϳ WƵďůŝĐ^ƵƉƉůǇ ^tϲ&ddK͖ϲϬϬ'WD͘EK>/d,K>K'z ϮϰϮϰϯ ϮϲϯϬϯϵ ŝƐƚƌŝĐƚ͕DĂŶŽŬŽƚĂŬ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ h^^ϰϴϳϱdƌϳ͕DEK<Kd<^,KK>͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝ>^Ϯϯϴϲϲ ϮϬϬ ^Ϭϭϰ^ϬϱϴtϭϲEE^tE ϱϴ͘ϵϲϲϬϴ Ͳϭϱϴ͘ϵϱϱϵϴ WƵďůŝĐ^ƵƉƉůǇ ^tϮϲ&d>^͕ϭϬ'WD^^ZE&KZϮϬ&d͘^dKϰϯ&d͕ KWE,K>͕Ws>/EZ͕KddKDhd ϮϰϮϴϲ ϯϳϬϭϰϲ >d:hEd/KE^,KK>/^dZ/d ĞůƚĂͲ'ƌĞĞůǇZ >d:hEd/KEdKtE^/dϭϰ͖Wt^/ϯϳϬϭϰϲ'^Ͳ>d^>ϱϯϮϱϰ ϭϴϬ &ϬϭϬ^ϬϭϬϭϯ^tEt^t^t ϲϰ͘ϬϰϯϮϰ Ͳϭϰϱ͘ϳϭϰϱϵ WƵďůŝĐ^ƵƉƉůǇ ^tϭϮϬ&ddK͕͍'WD&h>>^dKϭϳϬ&d͕^ZEdKϭϴϬ&d͘ Ϯϰϯϯϯ Ϯϭϰϵϲϴ d^KZKEKZd,^dKZϱϰ'^^dd/KE DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ '/ZtKKD>>d^KZK^dd/KE͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϭϴ ^ϬϭϬEϬϬϮϭϵ^EtE^t ϲϬ͘ϵϰϬϳϲϱ Ͳϭϰϵ͘ϭϳϮϮϳϭ WƵďůŝĐ^ƵƉƉůǇ ^tϭϮ͘ϰ&d͖ϭϭϭ'WD͘Wt^/Ϯϭϴϱϯϲ͘ Ϯϰϰϵϰ Ϯϰϵϰϯϰ ''Z͕D <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ t/>>KtZKK<EKZd,>Ϯϲϲ͕t>>ηϮ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌ>^ϮϮϮϵϰ ϳϰ ^ϬϬϱEϬϭϭtϭϱ^^^^ ϲϬ͘ϱϭϳϯϯϰ Ͳϭϱϭ͘ϭϳϱϬϵϯ WƵďůŝĐ^ƵƉƉůǇ ^tϰϴ&ddK͕ϳϱ'WDϰϬ&dEKZd,K&t>>ϭ&h>>^͘ ĚĞĐŽŵŵŝƐƐŝŽŶĞĚĚƵĞƚŽŚŝŐŚĂƌƐĞŶŝĐKD/^^/KEt>> Ϯϰϰϵϱ Ϯϰϵϰϯϰ ''Z͕D <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ t/>>KtZKK<EKZd,>Ϯϲϲ͕t>>ηϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌ>^ϮϮϮϵϰ ϭϰϵ ^ϬϬϱEϬϭϭtϭϱ^^^^ ϲϬ͘ϱϭϳϮϳϱ Ͳϭϱϭ͘ϭϳϱϬϳ WƵďůŝĐ^ƵƉƉůǇ ^tϰϵ&ddK͕ϭϱϬ'WDϰϬ&d^Khd,K&t>>Ϯ&h>>^͕ ^ZE͘ ϮϰϱϬϲ Ϯϲϭϭϴϱ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶ^ĐŚŽŽů ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ ><E'/<^,KK>͕ϴϲt>>͖Wt^/Ϯϲϭϭϴϱ^t^><E'/<EKZd,^,KZ;t ϵϮ ^ϬϭϬ^Ϭϱϲtϯϲ ϱϵ͘ϮϴϭϮϮϳϭ Ͳϭϱϴ͘ϲϮϱϮϵ WƵďůŝĐ^ƵƉƉůǇ ^tϭϲ&ddK'͕͍'WD^dKϴϰ&d͕^ZEdKϵϮ&d Ϯϰϱϭϭ ϮϳϮϳϰϳ </,<͕tdZΘ^tZ zƵƉŝŝƚZ </,<DhE//W>ϭ͖Wt^t>ϬϬϭ;t>>ϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď>^ϮϮϲϬϯ ϯϬϬ ^ϬϭϬEϬϲϵtϯϲEEE^t ϲϬ͘ϵϭϯϭ Ͳϭϲϭ͘ϰϰϮϴϯ WƵďůŝĐ^ƵƉƉůǇ ^tϭϯ&ddK'͕ϲϬ'WDEhDZKh^tdZZ/E'>zZ^͘ ^dKϮϴϭ&d͕^ZEdKϯϬϬ&d͘^Ϯϰϲϲϭ&KZDKZ /E&KZDd/KE ϮϰϱϭϮ ϮϳϮϳϰϳ </,<͕tdZΘ^tZ zƵƉŝŝƚZ </,<DhE//W>Ϯ͖Wt^t>ϬϬϮ;t>>ϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď>^ϮϮϲϬϯ Ϯϳϴ ^ϬϭϬEϬϲϵtϯϲEtEE^t ϲϬ͘ϵϭϯϭϲ Ͳϭϲϭ͘ϰϰϯϳϰ WƵďůŝĐ^ƵƉƉůǇ ^tϭϯ&ddK'͕ϲϱ'WDEhDZKh^>zZ^t/d,tdZ͘ ^dKϮϱϱ&d͕^ZEdKϮϳϴ&d͘^ϮϰϲϲϬ&KZDKZ /E&KZDd/KE Ϯϰϱϭϴ ϭϯϬϭϳϮ z<hdd͕/dzK& ŝƚǇΘŽƌŽƵŐŚŽĨzĂŬƵƚĂƚ h^^ϰϴϱϯdƌ>ϬϮϲ͕t>>ϭ͕z<hdd͖Wt^t>ϬϬϮ;ZKt>>>^ϲϲϳϱ ϬϮϳ^ϬϯϯϮϱ^^E^ ϱϵ͘ϱϰϯϴϲ Ͳϭϯϵ͘ϳϯϰϯ WƵďůŝĐ^ƵƉƉůǇ EK>K'Ͳ>Kd/KEKE>z ϮϰϱϮϮ ϮϭϴϱϴϮ ^ddK&>^<͕KdΘW& DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ Zs>>z͕WKZd'͖KDD/^^/KE:ƵůǇϮϬϬϬ͖Wt^/ϮϭϴϱϴϮt,/dd/ZϲϬ ^ϬϬϴEϬϬϰϭϴEtEEtE ϲϬ͘ϳϴϵϵϬϬϮ Ͳϭϰϴ͘ϴϭϰϯϰϮ WƵďůŝĐ^ƵƉƉůǇ ^tϯϬ&ddK͕ϱϬ'WDKEZ/>ZKhd͕Wh>/tdZ^hWW>z͘ &h>>^͕^ZE͘ Ϯϰϱϴϴ ϮϭϭϭϯϬ dƌĂŝůƐŶĚdƌĂŝůĞƌ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ tKEZWZ<dƌ͖Wt^/ϮϭϭϭϯϬdZ/>^ED,W͕t>ϬϬϭ;t>ϰϰϮϭϭ ϭϳϲ ^ϬϭϯEϬϬϯtϭϱEtEtEtE ϲϭ͘ϮϮϯϲϵϯϴ Ͳϭϰϵ͘ϳϵϮϯϮϴ WƵďůŝĐ^ƵƉƉůǇ &>Kt/E'Zd^/E&h>>^͕KWEE ϮϰϲϮϭ ϮϮϱϲϵϳ t/d,͕ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ W>DZt^/>>,/',tzD͍͍͖Wt^/ϮϮϱϲϵϳ^,t^>^<͕t>ϬϬϭ͖>ŽĐĂƚ Ϯϯϲ ^ϬϭϳEϬϬϭϬϲ^^^^t ϲϭ͘ϱϴϲϬϭϰ Ͳϭϰϵ͘ϯϰϰϳϮϵ WƵďůŝĐ^ƵƉƉůǇ ^tϭϲϳ&d>^͕ϭϰ'WD,Z>zdKϮϰϯ&d͘^dKϮϮϭ&d͕ ^ZEdKϮϯϲ&d͘ ϮϰϲϮϯ ϮϲϬϬϰϬ h^W,^ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ <K>/'E<͖Wt^t>ϬϬϮ;>h&&ηϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϴϮ ^ϬϬϱ^ϬϰϳtϮϭ^tEtE^ ϱϵ͘ϳϮϳϵϵϱ Ͳϭϱϳ͘Ϯϳϴϭϱ WƵďůŝĐ^ƵƉƉůǇ ^tϱϱ&ddK^dKϳϱ&d͕dtK^ZE^dKϴϮ&d ϮϰϲϮϳ ϮϳϬϵϯϬ h^W,^͕'KKEt^z >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ 'KKEt^z,/',^,KK>͖EŽŶͲWƵďůŝĐ;ĨŽƌŵĞƌůǇWt^/ϮϳϬϵϯϬt>ϬϬϭͿ͖>ŽĐĂ Ϯϵϯ ^ϬϭϮ^ϬϳϯtϮϭEEEt^t ϱϵ͘ϭϮϭϴϭ Ͳϭϲϭ͘ϱϵϮϲϱ WƵďůŝĐ^ƵƉƉůǇ ^tϵϯ&d͍͕ϭϬ'WD^dKϱϰ&dZK<ΛϮϰ&d͕KWE ,K> ϮϰϲϮϴ ϮϭϬϳϵϰ tŝƚŵĂŶ͕, DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ /E>ds/tDKdKZ,KDWZ<͕,h'/<͖Wt^/ϮϭϬϳϵϰ&KZ^dWZ<d͕t>ϬϬ ϳϭ ^ϬϭϱEϬϬϭtϭϵE^^^ ϲϭ͘ϯϲϵϰϭϵϭ Ͳϭϰϵ͘ϱϭϬϲϮ WƵďůŝĐ^ƵƉƉůǇ ^tϰϲ&ddK͕ϭϬϬ'WDKE͘^dKϲϵ&d͕KWE,K>dKϳϭ͕ >dZ'ZE^d ϮϰϲϮϵ ϮϲϬϮϮϴ hƐWŚƐ͕ŚŝŐŶŝŬĂǇ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ,/'E/<z/dzt>>Ϯ͖Wt^/ϮϲϬϮϮϴ,/'E/<ztdZ^z^dD͕t>ϬϬϯ;t ϳϬ ^Ϭϰϱ^ϬϱϴtϬϴEt^t^tE ϱϲ͘ϯϬϬϴϯϴϱ Ͳϭϱϴ͘ϯϳϲϬϮϮ WƵďůŝĐ^ƵƉƉůǇ ^tϮϵ&ddK͕ϯϬ'WDϳϬ&d͘^dKϲϬ&d͕^ZEdKϲϰ&d͕ d/>W/dKK,KWW Ϯϰϲϯϳ ϮϲϬϬϵϬ hƐWŚƐ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ h^^ϰϴϳϱDEK<Kd<,/',d^͕K>dKtE ϭϬϬ ^Ϭϭϰ^ϬϱϵtϭϮ WƵďůŝĐ^ƵƉƉůǇ ^tϯϳ&ddK͕ϭϱ'WD^dKϰϰ&d͕KWE,K>͕WZ&^ &ZKDϰϭ&ddKϰϰ&d͘ Ϯϰϲϰϭ ϮϲϬϯϲϳ hƐWŚƐ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ Et^dhz,K<͖Wt^t>ϬϬϮ;tĞůůηϮ͖KůĚtĞůůηϯͿ͖>ŽĐĂƚŝŽŶǀĞƌŝ>^ϯϯϴϱϴ ϴϬ ^ϬϬϴ^ϬϰϳtϮϵE^E^t ϱϵ͘ϰϱϮϬϰ Ͳϭϱϳ͘ϯϭϰϵϲ WƵďůŝĐ^ƵƉƉůǇ ^tϯϱ&d>^͕Ϯϱ'WD^dKϳϱ&d͕^ZEdKϴϬ&d ϮϰϲϰϮ ϮϲϬϮϲϬ h^W,^ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ h^^ϰϴϳϲ,>ϬϮϵ͕EKE>dKE͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^Ϯϴϰϵϵ Ϯϵ ^ϬϬϮ^ϬϯϮtϯϬEtE^^t ϱϵ͘ϵϳϬϴϯ Ͳϭϱϰ͘ϴϰϵϬϳ WƵďůŝĐ^ƵƉƉůǇ ^tϭ&d>^͕Ϯϳ'WD^dKϭϴ&d͕^ZEdKϮϵ&d͕ t>>Ϯ Ϯϰϲϰϯ ϮϲϬϮϲϬ h^W,^ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ h^^ϰϴϳϲ,>ϬϮϵ͕EKE>dKE͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^Ϯϴϰϵϵ ϯϮ ^ϬϬϮ^ϬϯϮtϯϬEtE^^t ϱϵ͘ϵϳϬϳ Ͳϭϱϰ͘ϴϰϵϮϮ WƵďůŝĐ^ƵƉƉůǇ ^tϰ&d>^͕Ϯϳ'WD^dKϮϭ&d͕^ZEdKϯϮ&d͕ t>>ϭ Ϯϰϲϰϰ ϮϲϬϰϭϰ z͕/dzK& ůĞƵƚŝĂŶƐĂƐƚŽƌŽƵŐŚ Wt^/ϮϲϬϰϭϰK>z͕t>ϬϬϭ;t>t>>ηϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϮϬ ^Ϭϱϳ^Ϭϴϵtϯϲ^Et^tE ϱϱ͘ϮϬϮϵϬϱ ͲϭϲϮ͘ϳϭϭϭϳϭ WƵďůŝĐ^ƵƉƉůǇ ^tϱϱ&d>^͕ϱϬ'WD^dKϮϭϬ&d͕^ZEdKϮϮϬ&d Ϯϰϲϰϱ ϮϲϬϰϭϰ z͕/dzK& ůĞƵƚŝĂŶƐĂƐƚŽƌŽƵŐŚ Wt^/ϮϲϬϰϭϰK>z͕/Ͳt>ϬϬϮ;/Ͳt>t>>ηϭ͖KZ/'/E>t>>ϭͿ͖>ŽĐĂƚŝŽŶǀĞƌ ϯϮϬ ^Ϭϱϳ^ϬϴϵtϯϲEEt^tE ϱϱ͘ϮϬϯϲϱ ͲϭϲϮ͘ϳϭϭϱ WƵďůŝĐ^ƵƉƉůǇ ^tϱϯ&d>^͕ϯϱ'WD^dKϯϮϬ&d͕KWEE Ϯϰϲϰϴ ϮϲϬϮϬϮ h^W,^ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ h^^Ϭϰϵϵ>Ϯϭϭ͕>Z<^WK/Ed͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϯϱϯϯϲ ϭϯϬ ^Ϭϭϱ^ϬϱϲtϯϲEt^t^Et ϱϴ͘ϴϯϱϬϯϮϯϮ Ͳϭϱϴ͘ϱϱϬϮϮϵϳ WƵďůŝĐ^ƵƉƉůǇ ^tϭϭϮ&d>^͕ϮϬ'WD^dKϭϮϲ&d͕^ZEdKϭϯϬ&d Ϯϰϲϱϰ ϮϲϯϬϭϬ hƐWŚƐ͕ŝůůŝŶŐŚĂŵ͕EĞŶĂEŝĐŚŽůƐŽŶ^ƵďĚŝǀŝƐŝŽŶ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ Wt^/ϮϲϯϬϭϬE/EE/,K>^KE^h/s/^/KE͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϰϱ ^Ϭϭϯ^ϬϱϲtϮϰEtEtE^ ϱϵ͘Ϭϯϰϳϳϭ Ͳϭϱϴ͘ϱϯϲϬϭϭ WƵďůŝĐ^ƵƉƉůǇ ^tϮϯ&ddK͕ϱϬ'WD^dKϭϰϬ&d͕^ZEdKϭϰϱ&d Ϯϰϲϱϱ ϮϲϮϮϰϲ hƐWŚƐ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ h^^ϰϴϳϱDEK<Kd<,/',d^>ϭϯ͖Wt^/ϮϲϮϮϰϲDEK<Kd<,/',d^tͬ^͕t ϮϬϬ ^Ϭϭϰ^Ϭϱϴtϭϳ^tEt^tEt ϱϴ͘ϵϲϰϯϱϵϯ Ͳϭϱϴ͘ϵϯϳϵϳϯ WƵďůŝĐ^ƵƉƉůǇ ^tϲϬ&ddK͕ϳ͘ϱ'WD^dKϳϱ&d͕KWE,K>͕,ϮKΛϳϯ &dΘϭϬϴ&d Ϯϰϲϱϲ ϮϲϮϮϰϲ hƐWŚƐ͕DĂŶŽŬŽƚĂŬ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ h^^ϰϴϳϱDEK<Kd<,/',d^>ϭϯ͖Wt^/ϮϲϮϮϰϲDEK<Kd<,/',d^tͬ^͕t ϳϳ ^Ϭϭϰ^ϬϱϵtϭϮ^Et^tEt ϱϴ͘ϵϲϰϳϮϭϳ Ͳϭϱϴ͘ϵϯϳϵϮϳ WƵďůŝĐ^ƵƉƉůǇ ^tϱϵ&ddK͕Ϯϱ'WD^dKϳϬ&d͕^ZEdKϳϳ&d Ϯϰϲϱϳ ϮϲϮϮϯϴ h^W,^͕''/<;/dzK&''/<Ϳ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ''/</dzt>>ηϭ;/Eh^ϵͬϮϭͬϮϬϭϬͿ͖Wt^t>ϬϬϭ;t>>ϭͿ͖>>^ϭϰϯϭϯ ϭϱϬ ^ϬϮϯ^ϬϱϬtϬϭE^tE^ ϱϴ͘Ϯϭ Ͳϭϱϳ͘ϯϳϱϳϳ WƵďůŝĐ^ƵƉƉůǇ ^tϱϱ&ddK͕ϭϬ'WD>K'^z^EKs>KWDEdhdK WZK>D^;͍Ϳ^dKϭϰϱ&d͕^ZEdKϭϱϬ&d KD/^^/KEt>> Ϯϰϲϱϴ ϮϲϮϮϯϴ h^W,^͕''/<;/dzK&''/<͕t>>ηϮͿ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ''/</dzt>>ηϮ͕EKE;ϵͬϮϭͬϮϬϭϬͿ͖Wt^t>ϬϬϮ;t>>ηϮͿ͖>ŽĐĂƚŝŽŶǀ ϭϬϬ ^ϬϮϯ^ϬϱϬtϬϭ^^tE^ ϱϴ͘ϮϬϴϲϰ Ͳϭϱϳ͘ϯϳϰϱ WƵďůŝĐ^ƵƉƉůǇ ^tϱϱ&d>^͕ϭϱ'WDWWZEd>zEK>KE'Z/Eh^^ dKϭϬϬ&d͕KWEEKD/^^/KEt>> Ϯϰϳϭϭ ϮϮϬϮϴϲ >^<Ed/KE>'hZ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ K'ZZK͕ZDKZzh/>/E'͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚ>^ϯϬϳϳϴ ϭϬϬ ^ϬϭϴEϬϬϭtϯϲ^tE^^ ϲϭ͘ϲϬϭϳϳϴ Ͳϭϰϵ͘ϯϲϭϲϳ WƵďůŝĐ^ƵƉƉůǇ ^tϱϰ&d>^͕ϯϬ'WD&h>>^͕KWEE Ϯϰϳϭϰ ϮϮϱϳϳϯ ^dWWZ^KE^dZhd/KE DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ >ϬϬϴ͕K'ZZK͖Wt^/ϮϮϱϳϳϯEKZd,&KZ<WZK&^^/KE>>'^͕t>ϬϬϭ͖ϭϮϬ ^ϬϭϳEϬϬϭtϬϮEE^^t ϲϭ͘ϱϴϴϳϮ Ͳϭϰϵ͘ϰϬϲϰϱ WƵďůŝĐ^ƵƉƉůǇ ^tϰϰ&d>^͕ϱϬ'WD^dKϭϭϳ&d͕KWEE ϮϰϳϮϵ ϮϭϴϲϰϮ ,ĞŶƌŝ͕: DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^dh<'/E,/',d^dƌ͖^ĂŵĞĂƐtĞůů>ŽŐ/ϮϰϵϯϬ͖Wt^/ϮϭϴϲϰϮEZWK/Ed ϯϵϱ ^ϬϭϮEϬϬϮtϬϲ^Et^E ϲϭ͘ϭϲϰϱϬϭϮ Ͳϭϰϵ͘ϲϴϳϮϮϱ WƵďůŝĐ^ƵƉƉůǇ ^tϱϱ&d>^͕ϰϬ'WD^dKϵϲ&d͕KWE,K>͘ ϮϰϵϮϴ ϮϭϬϲϴϵ ĂƌĞǇ͕dŚŽŵĂƐ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ <Kh<dƌΘdƌ͕Wt^/ϮϭϬϲϴϵ'>EZEKhZd >ϲϬϬϴϮ ϴϵ ^ϬϭϯEϬϬϯtϮϰEtEEt^ ϲϭ͘ϮϬϮϭϳϵ Ͳϭϰϵ͘ϳϮϴϲϵϵ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬ&d>^͕ϮϬϬ'WDϴΗt>>^dKϴϱ͘ϱ&d͕ϴ&d^ZE dKϴϴ͘ϴ&d͕ϲΖΖ^/E'dKϭϵϮ ϮϰϵϲϬ ϯϰϬϭϲϳ <ŽǇƵŬ͕ŝƚǇKĨ ĞƌŝŶŐ^ƚƌĂŝƚƐZ '<KzͲϮ<Kzh<͖Wt^/ϯϰϬϭϲϳ<Kzh<Wh>/tdZ^z^dD͕t>^ϮϮϴϭϲ ϭϱ <ϬϬϲ^ϬϭϮtϯϬ^t^tEt^ ϲϰ͘ϵϯϴϬϴϳϱ Ͳϭϲϭ͘ϭϳϯϲϳϲ WƵďůŝĐ^ƵƉƉůǇ ^tϳ&d>^͕ϮϬ'WDtd,Z͕&ZdhZ^,/^d^^dK ϭϬ&d͕^ZEdKϭϱ&d Ϯϰϵϲϭ ϯϰϬϭϲϳ <ŽǇƵŬ͕ŝƚǇKĨ ĞƌŝŶŐ^ƚƌĂŝƚƐZ '<KzͲϯ<Kzh<͖Wt^/ϯϰϬϭϲϳ<Kzh<Wh>/tdZ^z^dD͕t>^ϮϮϴϭϲ ϮϬ <ϬϬϲ^ϬϭϮtϯϬ^t^tEt^ ϲϰ͘ϵϯϴϯϯϭϲ Ͳϭϲϭ͘ϭϳϯϵϲϱ WƵďůŝĐ^ƵƉƉůǇ ^tϭϭ͘ϱ&d>^͕ϵ'WD^EdKϮϬ&d͕td,Z͕ &ZdhZ^,/^d^^dKϭϭ&d͕>/EZdKϭϯ&d͕^ZEdK ϭϴ&d ϮϰϵϲϮ Ϯϳϭϵϵϵ d,>͕/dzK& >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ d,>tdZdZdDEdW>Edt>>ϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^Ϯϰϯϯϳ ϱϬϬ ^ϬϬϴEϬϳϭtϬϴ^E^^t ϲϬ͘ϳϵϮϵϬϱ Ͳϭϲϭ͘ϳϴϮϲ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬ&d>^͕ϰϭϬ'WD&dZϮϰ,Z^WhDW/E'ΛϰϭϬ'WD͕^t ϳϭ͘ϰ&d͘ϭ,ZZKsZz^dKϰϱϭ&d͕^ZEdKϰϵϲ&d͘ &ZKEdKϰϭϮ&d͘Z/>>Z/E>h^Ϯ&d^d/<hW/E D^hZDEd^ Ϯϰϵϲϯ ϮϳϬϯϰϲ d,>͕/dzK& >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ d,>͕,/',d^tdZdZdDEdW>Edt>>Ϯ͖>ŽĐĂƚŝŽŶǀĞ>^ϮϱϮϰϯ ϰϵϬ ^ϬϬϴEϬϳϭtϬϴ^t^EtE ϲϬ͘ϴϬϭϰϴϴ Ͳϭϲϭ͘ϳϳϲϯϭϳ WƵďůŝĐ^ƵƉƉůǇ ^tϭϮϱ&d>^͍͍͕ϯϵϬ'WD͘^tϭϳ&d>^WZWhDWd^d>K' Ϯϰ,Z^WhDW/E'ΛϯϵϬ'WD͕^tϲϬ͘ϱ&d͘Ϭ͘Ϯϱ,ZZKsZz ^dKϰϯϳ͘ϰ&d͕^ZEdKϰϵϭ&d͘&ZKEKsZϰϬϬ&d Z/>>Z/E>h^Ϯ&d^d/<hW/ED^hZDEd^͕ZDKs Ϯϰϵϳϵ ϮϮϱϵϲϳ DdEh^<Ͳ^h^/dEKZKh',^,KK>/^dZ/d DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ hWWZ,/',d^Ϯdƌϭ͘D^^DĞĂĚŽǁ>ĂŬĞƐůĞŵĞŶƚĂƌǇ͘ϴϮ ^ϬϭϴEϬϬϮtϯϰ^t^tEEt ϲϭ͘ϲϭϬϵϲ Ͳϭϰϵ͘ϲϮϯϭϮ WƵďůŝĐ^ƵƉƉůǇ ^tϯϵ͘ϱ&d>^͕ϯϬ'WD^dKϳϳ͘ϰ&d͕^ZEdKϴϮ&d ϮϱϬϲϱ ϮϳϮϬϬϬ ůĂƐŬĂŝƌůŝŶĞƐ͕ĞƚŚĞů d,>͕/ZWKZd>ϰϰ͖Wt^/ϮϳϮϬϬϬ>^</Z>/E^d,>͕t>ϬϬϭ͖>ŽĐĂƚŝŽ ϰϯϬ ^ϬϬϴEϬϳϮtϭϯ^^^Et ϲϬ͘ϳϴϯϳϵϬϲ Ͳϭϲϭ͘ϴϯϵϱϮϯ WƵďůŝĐ^ƵƉƉůǇ ^tϳϵ&d>^͕ϭϱ'WD&d͘ϭϬΗ^dKϰϮ&d^dKϰϭϮ&d͕ ^ZEdKϰϮϮ&d͕d/>dKϰϮϳZ/>>Z/E>h^Ϯ&d^d/<hW /ED^hZDEd^ ϮϱϬϴϭ ϮϵϵϬϳϭ '>EE>>E^,KK>/^dZ/d ŽƉƉĞƌZŝǀĞƌZ >ϬϬϰ͕<EEz><^,KK>͖Wt^/ϮϵϵϬϳϭZ^<EEz><> >ϱϯϮϱϱ ϮϰϬ ϬϬϮ^ϬϬϮϬϮEEt^tEt ϲϭ͘ϳϮϲϮϳ Ͳϭϰϱ͘ϬϬϴϲϰϴ WƵďůŝĐ^ƵƉƉůǇ ^tϭϵϲ&d>^͕Ϯϱ'WD^dKϮϯϬ&d͕^ZEΘd/>dKϮϰϬ &d ϮϱϬϴϵ ϯϮϬϳϱϭ ůǇĞƐŬĂWŝƉĞůŝŶĞŽͬ͘dĂƉƐ EŽƌƚŚ^ůŽƉĞŽƌŽƵŐŚ dW^Ϭϯ͕W/WDϭϬϰ͕>sϭϯϳϵ&d͕EZK<^Zh<hz/<͖Wt^/ϯϮϬϳϱϭ>z^<Dϯϳ hϬϬϳ^ϬϭϰϬϵ^ ϲϴ͘ϴϯϴϴϵϳϳ Ͳϭϰϴ͘ϴϮϴϱϴϯ WƵďůŝĐ^ƵƉƉůǇ ^tϱ&d͕͍'WD͘Z/>>dKϴϳ&dEKWhDW/E^d>>͘^ dKϯϳ&d͖^>Kdd&ZKDϮϮͲϯϮ&d͖ ϮϱϬϵϬ ϯϮϬϬϯϲ >z^<W/W>/EKͬ͘dW^ EŽƌƚŚ^ůŽƉĞŽƌŽƵŐŚ dW^Ϭϰ͕W/WDϭϰϰ͕>sϮϲϴϳ&d͕EZd/'hEZ/sZ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌ ϭϳϭ hϬϭϮ^ϬϭϮϬϴ^t^tEEt ϲϴ͘ϰϮϭϴϭϭ Ͳϭϰϵ͘ϯϳϲϬϴϰ WƵďůŝĐ^ƵƉƉůǇ ϮϱϬϵϭ ϯϱϬϬϮϯ >z^<W/W>/EKͬ͘dW^ zƵŬŽŶͲ<ŽǇƵŬƵŬZ dW^Ϭϱ͕W/WDϮϰϴ͕>sϭϬϲϮ&d͕EZ<Kzh<h<Z/sZ͖Wt^t>ϰϬϭϴϮϮ ϰϴ &ϬϮϯEϬϭϰtϭϴEEtE^t ϲϲ͘ϴϭϴϳϮϱ ͲϭϱϬ͘ϲϴϬϭϰϵ WƵďůŝĐ^ƵƉƉůǇ ϮϱϬϵϯ ϯϯϯϳϴϴ >z^<W/W>/EKͬ͘dW^ zƵŬŽŶ&ůĂƚƐZ dW^Ϭϲ͕W/WDϯϱϱ͕>sϴϳϳ&d͕EZzh<KEZ/sZ͖Wt^t>ϬϬ >^ϲϲϲϬ Ϯϳϱ &ϬϭϯEϬϭϭtϮϲ^Et^t^t ϲϱ͘ϵϭϵϲϲϱ Ͳϭϰϵ͘ϴϮϵϵϲϮ WƵďůŝĐ^ƵƉƉůǇ ^t͍&ddK͕͍'WD^dKϮϱϱ&d͘ Ϯϱϭϯϰ ϮϮϱϴϭϵ DdEh^<Ͳ^h^/dEKZKh',Ͳd>E^,KK> DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ KDD/^^/KE͖d>ED/>^,KK>͖Wt^/ϮϮϱϴϭϵD^>^Ϯϯϭϳϰ ϭϲϴ ^ϬϭϴEϬϬϭtϯϲ^EEE ϲϭ͘ϲϭϮϲϲϮ Ͳϭϰϵ͘ϯϲϬϱϲϴ WƵďůŝĐ^ƵƉƉůǇ ^tϳϲ&ddK͕ϯϬϬ'WDϴΗt>>͘dKKDh,Z^E/͕EK >KE'Zh^͘^dKϭϱϲ&d͕^ZE&ZKDϭϱϲ&ddKϭϲϯ&d ϮϱϭϱϬ ϮϳϬϮϱϳ h^W,^͕'KKEt^z >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ 'KKEt^zW,^t>>ϲ͖Wt^t>ϬϬϮ;t>>ηϲͿ͖>ŽĐĂƚŝŽŶǀĞƌ>^ϮϮϵϴϭ ϯϲ ^ϬϭϮ^ϬϳϯtϮϭEEtE^t ϱϵ͘ϭϮϭϱϰ Ͳϭϲϭ͘ϱϴϴϰϯ WƵďůŝĐ^ƵƉƉůǇ ^tϱ&d>^͕ϴ'WD^dKϮϳ&d͕^ZEdKϯϲ&d Ϯϱϭϱϭ ϮϳϬϮϱϳ h^W,^͕'KKEt^z >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ 'KKEt^zW,^t>>ϳ͖Wt^t>ϬϬϯ;t>>ηϳͿ͖>ŽĐĂƚŝŽŶǀĞƌ>^ϮϮϵϴϭ ϯϮ ^ϬϭϮ^ϬϳϯtϮϭEtEE^t ϱϵ͘ϭϮϭϰϳ Ͳϭϲϭ͘ϱϴϳϮϴ WƵďůŝĐ^ƵƉƉůǇ ^tϯ&d>^͕ϴ'WD^dKϮϬ&d͕^ZEdKϯϬ&d ϮϱϮϲϭ ϮϲϬϯϬϵ hE>^<͕/dzK& ůĞƵƚŝĂŶZĞŐŝŽŶZ h^^Ϭϳϳϴdƌ>ϭ;hE>^<t>>ϮZW>DEd^/dͿ͖Wt^t>ϬϬϯ;t>>ϯͿ͖ϲϳ ^Ϭϳϯ^ϭϭϴtϭϯEEt^tEt ϱϯ͘ϴϱϵϰϵ Ͳϭϲϲ͘ϱϬϴϱϭ WƵďůŝĐ^ƵƉƉůǇ ^tϵ&d>^͕ϭϵϬϬ'WD^ZEϯϱ͘ϮͲϲϰ͘ϰϱ&d Ϯϱϯϭϳ Ϯϲϭϯϳϭ h^W,^ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ <td,>h<͖EŽŶͲWƵďůŝĐt>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϮϱ ^ϬϬϴEϬϲϵtϬϱ^EEt^t ϲϬ͘ϴϭϬϱϲϰ Ͳϭϲϭ͘ϰϯϵϯϲϵ WƵďůŝĐ^ƵƉƉůǇ ^tϵ͘ϳϱ&d͕ϮϬ'WD^dKϭϭϲ͘ϳϱ&d Ϯϱϰϵϵ Ϯϭϱϲϲϯ ,W>zd,^ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ dhZE'/EWZ<dƌϯ͕ϰ͕ϱ͖Wt^t>ϬϬϮ;t>>ϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϮϬ ^ϬϭϮEϬϬϯtϯϮ^t^^E ϲϭ͘ϬϴϳϬϲϲ Ͳϭϰϵ͘ϴϯϳϭϭϳ WƵďůŝĐ^ƵƉƉůǇ ^tϴϱ&d>^͕͍'WD&h>>^͕WZ&^ Ϯϱϱϯϳ ϮϮϰϭϭϳ tĞůůŝŶŐĨŝĞůĚtĞƐƚ,ŽŵĞŽǁŶĞƌƐƐƐŽĐŝĂƚŝŽŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t>>/E'&/>t^dϭ>Ϭϭϭ͕t>>Ϯ͖Wt^/ϮϮϰϭϭϳt>>/E'&/ >^ϮϳϬϳϴ ϯϲϬ ^ϬϭϳEϬϬϭϭϳ^tEt^t^ ϲϭ͘ϱϱϴϱϲ Ͳϭϰϵ͘ϯϭϮϳϮ WƵďůŝĐ^ƵƉƉůǇ ^tϮϯϱ&d͕ϳϮ'WDƐƵƌĨĂĐĞĞůĞǀĂƚŝŽŶŝƐϭϰϲĨƚ^dKϯϰϴ&d͕ ^ZEEd/>dKϯϱϴ&d>^ϮϳϬϳϴсϮϲ͕ϱϬϬŐƉĚ͕ĂƉƉůŝĞĚĨŽƌ ϭϬͬϬϭͬϮϬϬϳ Ϯϱϱϰϴ ϮϮϰϭϭϳ tĞůůŝŶŐĨŝĞůĚtĞƐƚ,ŽŵĞŽǁŶĞƌƐƐƐŽĐŝĂƚŝŽŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t>>/E'&/>t^dϭ>͍͍͍͕t>>ϭ͖Wt^/ϮϮϰϭϭϳt>>/E'&/>^ϮϵϬϯ ϯϱϯ ^ϬϭϳEϬϬϭϭϳ^Et^t^ ϲϭ͘ϱϱϴϳϰ Ͳϭϰϵ͘ϯϭϮϭϯ WƵďůŝĐ^ƵƉƉůǇ ^tϲϱ&d>^͕ϭϬϬ'WDƐƵƌĨĂĐĞĞůĞǀĂƚŝŽŶŝƐϭϰϲĨƚ&h>>^͕ KWEE>^ϮϵϬϯсϯ͕ϱϬϬŐƉĚ͕ĐĞƌƚŝĨŝĐĂƚĞĚ Ϯϱϱϲϭ ϯϵϬϮϵϯ D</E>zs/>>',Kd> ĞŶĂůŝŽƌŽƵŐŚ WZ<^,/',tzDϮϯϭ͘Ϭ͕E>/WZ<͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌ>^Ϯϱϯϱϭ ϴϳ &Ϭϭϰ^ϬϬϳtϯϲ^EEt^t ϲϯ͘ϲϱϲϰϵ Ͳϭϰϴ͘ϴϯϬϰϭ WƵďůŝĐ^ƵƉƉůǇ ^tϰϳ&ddK͕ϯϬϬ'WDEK>/d,K>K'z͕^^hD^/>dz^E t/d,'Zs>^^dKϳϰ&d͕^ZEdKϴϳ&dt^ ^^K/dt/d,>ϰϲϭϳϯ Ϯϱϱϵϰ Ϯϭϴϲϰϭ ,/>>dKW^</Z DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ,/>>dKW^</>K'Z͕t>>Ϯ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď>^ϮϯϮϵϳ ϲϰ ^ϬϭϮEϬϬϯtϭϮEtEt^t^t ϲϭ͘ϭϰϬϯϴϱ Ͳϭϰϵ͘ϳϰϰϭϭϲ WƵďůŝĐ^ƵƉƉůǇ ^tϯϴ&ddK͕Ϯ'WD^dKϱϭ&d͕^ZEdKϲϬ&d͕d/>dK ϲϰ&d ϮϱϲϬϰ ϮϮϳϳϯϰ WŝŽŶĞĞƌDĞĂĚŽǁƐͬ,ĂůůYƵĂůŝƚǇ,ŽŵĞƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ W/KEZDKt^t>>ϭ͕Wt^/ϮϮϳϳϯϰW/KEZDKt^ >^ϮϯϱϬϰ ϭϬϬ ^ϬϭϳEϬϬϮϬϳEt^t^t^ ϲϭ͘ϱϳϮϬϲ Ͳϭϰϵ͘ϭϲϮϲϴ WƵďůŝĐ^ƵƉƉůǇ ^tϯϬ&d>^͕ϳϬн'WD&h>>^͕^ZE>^dϭϬ&d ϮϱϲϬϱ ϮϮϳϳϯϰ WŝŽŶĞĞƌDĞĂĚŽǁƐͬ,ĂůůYƵĂůŝƚǇ,ŽŵĞƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ W/KEZDKt^t>>Ϯ͕Wt^/ϮϮϳϳϯϰW/KEZDKt^ >^ϮϯϱϬϰ ϭϬϬ ^ϬϭϳEϬϬϮϬϳEt^t^t^ ϲϭ͘ϱϳϮϭ Ͳϭϰϵ͘ϭϲϮϱϵ WƵďůŝĐ^ƵƉƉůǇ ^tϮϳ&d>^͕ϳϬн'WD&h>>^͕^ZE>^dϭϬ&d͘ >ŽŐ/Ě Wt^/ KǁŶĞƌ ZĞŐŝŽŶ WĂƌĐĞůĞƐĐƌŝƉƚŝŽŶ >^ tĞůů ĞƉƚŚ DdZ^ >ĂƚŝƚƵĚĞ >ŽŶŐŝƚƵĚĞ tĞůůhƐĞ ƌŝůůĞƌƐŽŵŵĞŶƚƐ ^ƚĂƚĞǁŝĚĞWƵďůŝĐtĞůůƐͲt>d^ Ϯϱϲϯϱ ϯϰϬϬϭϬ EKD͕/dzK& ĞƌŝŶŐ^ƚƌĂŝƚƐZ DKKE>/',d^WZ/E'^t>>Ϯ͕EKD͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϴϭ <Ϭϭϭ^Ϭϯϰtϭϭ^^EtE ϲϰ͘ϱϱϯϮϰ Ͳϭϲϱ͘ϰϭϭϯϭ WƵďůŝĐ^ƵƉƉůǇ ^tϮϭ&ddK͕ϱϬϬ'WD^dKϳϲ&d͕KWE,K> Ϯϱϲϯϲ ϯϰϬϬϭϬ EKD͕/dzK& ĞƌŝŶŐ^ƚƌĂŝƚƐZ DKKE>/',d^WZ/E'^t>>ϯ͕EKD͖Wt^t>ϬϬϯ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϵϰ <Ϭϭϭ^Ϭϯϰtϭϭ^t^EtE ϲϰ͘ϱϱϯϱϱ Ͳϭϲϱ͘ϰϭϮϵϭ WƵďůŝĐ^ƵƉƉůǇ ^tϮϭ&ddK͕ϲϱϬ'WD^dKϴϳ&d͕KWE,K> Ϯϱϲϯϳ ϮϰϳϰϵϬ ŶĐŚŽƌWŽŝŶƚ^ĂĨĞtĂƚĞƌ;ĐŽŵŵƵŶŝƚǇĞŶƚĞƌͿ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ 'ZEZK^^'ZKs>Ϭϵ;'ZEZK^^,/>>^Ϯdƌϭ͍Ϳ͖Wt^/Ϯϰϳϰϵ>^ϮϯϱϵϮ ϳϲ ^ϬϬϰ^Ϭϭϱtϯϰ^tEtEt^ ϱϵ͘ϳϴϰϵϴϬϴ Ͳϭϱϭ͘ϴϯϳϮϬϰ WƵďůŝĐ^ƵƉƉůǇ ^tϰϰ&d>^͕ϳϱ'WDE,KZWK/Ed&h>>^͕^ZEϲϰ &ddKϳϰ&d^>^ϮϯϱϵϮ&KZWhDWd^dd ϮϱϴϮϲ ϮϮϱϵϳϱ DdEh^<Ͳ^h^/dEKZKh',^,KK>/^dZ/d DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ,Kh^dKE,/',^,KK>͖Wt^/ϮϮϱϵϳϱD^^,Kh^dKE,/',^>^Ϯϯϯϳϵ ϭϯϳ ^ϬϭϳEϬϬϯtϬϮ^tEE^t ϲϭ͘ϱϵϬϵϴ Ͳϭϰϵ͘ϳϲϵϲϬϰ WƵďůŝĐ^ƵƉƉůǇ ^tϯϲ&ddK͕ϮϬϬ'WD/E>h^Ϯ&d^d/<hW͘/E>h^ WhDWd^dd^dKϵϴ&d͕^ZEdKϭϭϱ͕d/>W/WΘ W>dK&&,t<>E Ϯϱϴϴϰ ϮϭϭϬϵϭ ^Khd,WZ<^dd^ͬ,hEzKhE'tKK DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^Khd,WZ<dZ/>ZKhZd͕EKZd,ZE>/',d^ϵ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞ ϮϰϮ ^ϬϭϯEϬϬϯtϯϬEt^tEtEt ϲϭ͘ϭϵϯϬϳ Ͳϭϰϵ͘ϴϵϳϲϯ WƵďůŝĐ^ƵƉƉůǇ ^tϰ&d>^͕ϳϲ'WD^ϲϱϮϳ^dKϮϯϳ&d͕^ZEdKϮϰϮ &d ϮϱϵϮϮ ϮϳϮϬϬϱ </<͕/dzK& zƵƉŝŝƚZ </<t>>ϯ͕dZdDEdW>Ed͖Wt^t>ϬϬϯ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϳϬ ^ϬϭϬEϬϲϳtϯϭ^Et^^ ϲϬ͘ϵϬϳϵϴ Ͳϭϲϭ͘ϮϮϰϳϵ WƵďůŝĐ^ƵƉƉůǇ ^tϭϲϱ&ddK͕ϲϬ'WDĚƌŝůůĞƌŝŶĐůƵĚĞƐϮĨƚƐƚŝĐŬƵƉŝŶĚĞƉƚŚ ƌĞĂĚŝŶŐƐ^dKϭϰϱ&d͕^ZE^dKϭϲϬ&d ϮϲϬϱϯ ϮϳϮϬϬϱ </<͕/dzK& zƵƉŝŝƚZ </<tdZW>Edt>>ϱ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘Ϯϭϭ ^ϬϭϬEϬϲϳtϯϭE^t^^ ϲϬ͘ϵϬϳϵϯ Ͳϭϲϭ͘ϮϮϱϬϲ WƵďůŝĐ^ƵƉƉůǇ ^tϮϮ&ddK͕ϴϬ'WDĚƌŝůůĞƌŝŶĐůƵĚĞƐϮĨƚƐƚŝĐŬƵƉŝŶĚĞƉƚŚ ƌĞĂĚŝŶŐƐ^dKϭϲϵ&d͕^ZEdKϮϬϬ͕d/>dKϮϭϬ&d ϮϲϮϳϵ ϮϰϵϲϲϮ ĞŶƐŽŶ͕^ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ /E'^>E/E'>͍͍͍͕^dZ>/E'ϱϭ ^ϬϬϱEϬϬϴtϭϳ^ WƵďůŝĐ^ƵƉƉůǇ ^tϰϬ&d͕Ϯϱ'WD&h>>^͕KWEE ϮϲϮϴϯ ϮϰϲϬϮϬ D/>>Z͕> <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ h^^ϮϱϮϲ>Ϭϳ͕KKWZ>E/E'͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϵϴ ^ϬϬϱEϬϬϯtϯϭ^tEtEE ϲϬ͘ϰϴϲϰϲ Ͳϭϰϵ͘ϴϲϮϳϭϴ WƵďůŝĐ^ƵƉƉůǇ ^tϬ&d͕ϮϬ'WD&h>>^͕KWEE Ϯϲϯϲϰ ϯϭϬϵϮϲ s>>ztdZ/E͘;^d/>>͕sͿ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ ><>KzWZ<ϱ>ϭϳϱ͕t>>ηϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď>ϴϬϱϭϰ ϭϰϮ &ϬϬϭ^ϬϬϭϭϱEt^tEt^ ϲϰ͘ϴϮϰϴϱϭ Ͳϭϰϳ͘ϱϮϱϭϰϯ WƵďůŝĐ^ƵƉƉůǇ ^tϮϬ&d͕ϱϬ'WD;Kd,^d/Dd͕EK>K'ZK<Dz KhZdKhdϲϲ&d&/E/^,hE<EKtE͕WZK>z^E ^ZE^t>d^ηϯϬϭϬϬEϮϴϴϲϳ ϮϲϱϬϵ ϯϵϭϭϯϰ 'ŽůĚĞŶsĂůůĞǇůĞĐƚƌŝĐƐƐŽĐŝĂƚŝŽŶ ĞŶĂůŝŽƌŽƵŐŚ ,>z>EK>WZKϮ;,Wt>>Ϳ͖Wt^/ϯϵϭϭϯϰ'sͲ,>zWKtZW>ϱϰϬ &ϬϭϮ^ϬϬϳtϮϭ^t^t ϲϯ͘ϴϱϰϳϰϰ Ͳϭϰϴ͘ϵϱϬϴϮϭ WƵďůŝĐ^ƵƉƉůǇ ^tн͍&d͕ϲϱ'WD͕&>Kt/E'ϭϲΗdKϭϮϴ&d͕ϴΗdKKDW>d/KE &h>>^͕KWEE͕^sZ>^ZE^ΘWZ&^^,EEKEΘ t/>^KEWhDWd^dZWKZdKE&/> Ϯϲϱϯϴ Ϯϰϴϱϯϱ ZƵƐƐĞůů͕Z <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ,KDZ,/',tz͕KE>h&&&KZ>KE'ZKW/EdK,KDZ͖Wt^/Ϯϰϴϱϯϱϭϴϰ ^ϬϬϲ^ϬϭϰtϭϱEt^^tE ϱϵ͘ϲϱϴϭϯϴϯ Ͳϭϱϭ͘ϲϯϵϲϲϰ WƵďůŝĐ^ƵƉƉůǇ ^tϭϯϱ&d͕ϮϬ'WD^>dtdZEKhEdZϮϬϭϭͬϬϮͬϭϲ͕ DzKdZhEK&&&h>>^͕Ws^>Kddϭϳϰ&ddKϭϴϰ&d Ϯϲϲϴϵ ϮϰϴϲϵϬ t>Z͕,hZ,K& <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ^ZK''^>Kdϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϯϬϱ ^ϬϬϱEϬϬϴtϬϴ^tEtEt^t ϲϬ͘ϱϯϲϲϱϰ ͲϭϱϬ͘ϳϯϰϯϭϴ WƵďůŝĐ^ƵƉƉůǇ ^tϭϲ&d͕ϭϬ'WD&h>>^͕^ZEϮϵϰ&ddKϯϬϱ&d Ϯϲϳϰϲ Ϯϰϴϴϳϴ <ƉďŽƌŽƵŐŚDĂŝŶƚ^ŚŽƉ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ WKWWz>E^K>KdE͖Wt^/Ϯϰϴϴϳϴ<WD/EdEE^,KW͕t>ϬϬϭ͖>ŽĐĂƚŝŽ ϰϵ ^ϬϬϱEϬϭϭtϮϲ^^t^^ ϲϬ͘ϰϴϴϯϲϭϰ Ͳϭϱϭ͘ϭϱϬϲϱ WƵďůŝĐ^ƵƉƉůǇ ^t͍&d͕ϭϴ'WD&h>>^͕^ZEϰϰ&ddKϰϵ&d ϮϳϬϱϭ ϮϳϮϬϭϲ <^/'>h<͕s/>>'K& >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ h^^ϴϰϲϲdƌϭ͕<^/'>h<t>>ϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^Ϯϰϱϱϰ ϭϮϴ ^ϬϬϵEϬϳϱtϭϯ^^t^tEt ϲϬ͘ϴϳϬϭϰ ͲϭϲϮ͘ϱϭϳϮ WƵďůŝĐ^ƵƉƉůǇ ^tϮϭ&d>^͕ϱϭ'WD^dKϭϭϳ͘ϱ&d͕^ZE^dKϭϮϳ͘ϯ&d tW>ddKϭϮϰ͘ϱ ϮϳϬϴϭ ϯϮϬϬϭϬ ůǇĞƐŬĂWŝƉĞůŝŶĞŽͬ͘dĂƉƐ EŽƌƚŚ^ůŽƉĞŽƌŽƵŐŚ dZE^>^<W/W>/EWhDW^dd/KEϬϯWtͲϯ͖&ŽƌŵĞƌůǇWt^/>^Ϯϯϵϳϰ ϰϬ hϬϬϳ^Ϭϭϰϭϲ ϲϴ͘ϴϰϬϵϵϱϴ Ͳϭϰϴ͘ϴϮϵϴϰϵ WƵďůŝĐ^ƵƉƉůǇ ^tϱ͘ϱ&d͕нͬͲϰ͘ϱ'WD^/D/>ZdKϮϱϬϴϴ͕EKdd,^Dt>>͘ ^dKϮϱ&d͕^ZEdKϰϬ&d<hZd,&dz Ϯϳϭϴϲ ϮϱϬϭϯϰ ŝƚǇKĨ>ĂƌƐĞŶĂǇ <ŽĚŝĂŬ/ƐůĂŶĚŽƌŽƵŐŚ >Z^Ezt>>ηϮ͕EZ/ZWKZd͖WŽƐƐŝďůǇĂďĂŶĚŽŶĞĚ͖ƐƐŽĐŝ >^ϮϳϳϱϬ ϮϬϬ ^ϬϯϬ^ϬϮϵtϯϭ^tE^E ϱϳ͘ϱϯϰϵϱϴϯ Ͳϭϱϯ͘ϵϴϳϮϳϴϳ WƵďůŝĐ^ƵƉƉůǇ ^tϮϰ͘ϲ&ddK͕ϳϮн'WD^ ϮϳϮϱϵ ϮϮϬϬϯϲ KZEWZd,͕ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ d>ϲ͖EŽŶͲWƵďůŝĐ;ĨŽƌŵĞƌůǇWt^/ϮϮϬϬϯϲDW^t>>͕t>ϬϬϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨ ϰϱ ^ϬϮϮEϬϬϰtϮϬ^^t^Et ϲϭ͘ϵϴϮϲ ͲϭϱϬ͘ϬϱϮϯ WƵďůŝĐ^ƵƉƉůǇ ^tϮϵ&d͕ϮϬ'WDd><dE&h>>^͕KWEE ϮϳϮϲϳ ϮϮϰϵϭϯ ΘŽŶƐƚƌƵĐƚŝŽŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ZEdtKK^dd^>Ϭϭϱ͖Wt^/ϮϮϰϵϭϯ>/dd>^h^/dE',Kh^dKE͕t>ϬϬ ϭϮϭ ^ϬϭϴEϬϬϯtϮϮ^tEt^t^ ϲϭ͘ϲϯϬϯϮϭϱ Ͳϭϰϵ͘ϳϵϴϬϴ WƵďůŝĐ^ƵƉƉůǇ ^tϲϬ&d͕ϮϬ'WDW>DZͬt^/>>,tz&h>>^͕KWEE WZ&^ϲϴͲϳϰΘϭϬϬͲϭϭϱ&d ϮϳϯϮϱ ϮϮϮϬϰϬϱ ^,͕W DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϬϬϲ͕<E/<Z/sZZK;WZKWK^<EEd,>E'ϬϬϲͿ >^Ϯϲϰϱϱ ϯϮϱ ^ϬϭϲEϬϬϰϯϮ^^t^E ϲϭ͘ϰϯϯϲϭϳ Ͳϭϰϴ͘ϳϲϳϭϵϵ WƵďůŝĐ^ƵƉƉůǇ ^tϱϮ͘ϱ&d>^͕ϳ'WD>^Ϯϯϯϰϵ>K^;ϯͬϮͬϮϬϬϲͿ͕WZKWZdz Z^K>^dKϱϵ͘ϱ&d͕KWE,K>>^Ϯϲϰϱϱ/^&KZ KDDZ/>h^ Ϯϳϲϭϭ ϮϰϭϬϱϰ ^K>KdE͕/dzK& <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ <E/^WhZZKΘ<ZE^dZd͕dE<^͖Wt^t>ϬϬϲ;t>>&Ϳ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞ ϰϱϳ ^ϬϬϱEϬϭϬtϮϴ^t^t^tEt ϲϬ͘ϰϵϱϲϲϱ Ͳϭϱϭ͘ϬϱϳϰϮϵ WƵďůŝĐ^ƵƉƉůǇ ^tϭϮϮ&d͕ϯϬϬ'WD&ddKϮϲϱ&d͕^K>KdE&h>>^hdΘ <&/>>͕^ZE^&ZKDϭϵϱ ϮϳϳϬϳ ϮϰϮϲϯϲ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Wt^/ϮϰϮϲϯϲE/</^</WKK>͕t>ϬϬϭ;t>>ηϭͿ͖<ϭϵϴϭt>>ηϭ͖<zZt>ϴϬ ^ϬϬϳEϬϭϮtϬϵ^^t^^ ϲϬ͘ϳϬϰϴϵϭϮ Ͳϭϱϭ͘ϯϴϰϯϮϯ WƵďůŝĐ^ƵƉƉůǇ ^tϯϳ͘Ϭϭ&d>^KEϳͬϮϰͬϵϭ͖tdZYh>/dzdK>>d Ϯϳϳϭϭ ϮϰϭϬϴϴ hE<EKtE <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ E/</^</s/>>'dZ/>ZKhZd͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϯϲ ^ϬϬϳEϬϭϮtϭϭEEtEtE ϲϬ͘ϳϭϴϳϲ Ͳϭϱϭ͘ϯϯϮϱϴ WƵďůŝĐ^ƵƉƉůǇ ^tϲϯ͘ϲϱ&d>^KEϳͬϮϯͬϵϭ͕EKt>>>K' ϮϴϴϬϬ ϯϵϭϳϬϮ ĂƌĐŽŶĞ͕ZŝĐŬ ĞŶĂůŝŽƌŽƵŐŚ WZ<^,/',tzDϮϯϴ͘ϲ͕,>z͕Wt^/ϯϵϭϳϬϮ ϰϯ &Ϭϭϯ^ϬϬϳtϯϰ WƵďůŝĐ^ƵƉƉůǇ ^tϮϳ&d͕ϮϬн'WD͘^dKϯϴ&d͕^ZE͘ Ϯϴϴϲϳ ϯϭϬϵϮϲ s>>ztdZ/E͘ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ ><>KzWZ<ϱ>ϭϳϱ͕t>>ηϯ͖Wt^t>ϬϬϯ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď>ϴϬϱϭϰ ϭϯϱ &ϬϬϭ^ϬϬϭϭϱEt^tEt^ ϲϰ͘ϴϮϱϬϵϱ Ͳϭϰϳ͘ϱϮϱϱϭϭ WƵďůŝĐ^ƵƉƉůǇ ^tϮϭ&d͕ϯϱϬͲϰϬϬ'WD͘^dKϭϭϱ&d͕^ZEϭϭϱͲϭϯϱ &d͘ ϮϴϵϮϯ ϯϴϭϮϭϬ dd>/EEd/sKZWKZd/KE ůĂƐŬĂ'ĂƚĞǁĂǇZ hE<EKtE>Kd͕dd>/Es/>>'͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϱϬ ϬϭϲEϬϭϱϮϲEEtE^t ϲϯ͘ϭϯϴϮϴϰ ͲϭϰϮ͘ϱϭϵϴϰϰ WƵďůŝĐ^ƵƉƉůǇ ^tϭϰ&d͕ϰϬ'WD͘&h>>^͕^ZEϭϬ&d͘ Ϯϴϵϰϭ ϯϭϱϰϬϬ dĂŶĂŶĂŚŝĞĨƐŽŶĨĞƌĞŶĐĞ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ >t>KZZK&/>/dz͕&/ZE<^͖Wt^/ϯϭϱϰϬϬ'Z&Z,EZ,://͕t>ϬϬ ϰϬϬ &ϬϬϭEϬϬϮtϮϲEEt^^ ϲϰ͘ϴϴϬϴϴϵϵ Ͳϭϰϳ͘ϴϴϱϲϲϲ WƵďůŝĐ^ƵƉƉůǇ ^tϭϰϬ&d͕ϱͲϲ'WD͘^dKϯϱϱ&d͕WZ&ϭϴϬͲϯϱϱ&d͘ ϮϵϬϰϭ ϯϵϭϰϭϵ ZĞĞǀĞƐ͕& ĞŶĂůŝŽƌŽƵŐŚ D</E>zs/>>'͖Wt^/ϯϵϭϰϭϵWZK^WdKZW/͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď ϮϮϬ &Ϭϭϯ^ϬϬϳtϯϰ ϲϯ͘ϳϰϵϱϵϭϴ Ͳϭϰϴ͘ϴϵϴϰϵϵ WƵďůŝĐ^ƵƉƉůǇ ^tϳϵ͘ϯϯ&d͕ϮϬͲϮϱ'WD͘WZ&ϲϬ&d͘^/E'͗ϲΗϬͲϳϮ͘ϱ&d͕ ϰ͘ϱΗWsϲϬͲϮϮϬ&d͘ Ϯϵϭϭϰ ϯϵϬϬϲϱ EĞŶĂŶĂ͕ŝƚǇKĨ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ EEE͖Wt^/ϯϵϬϬϲϱEEEDhE//W>tdZ͕t>ϬϬϭ;tĞůůϮͿ͖>ŽĐĂƚŝŽŶǀĞ ϭϬϬ &ϬϬϰ^ϬϬϴtϭϰ^E^t^ ϲϰ͘ϱϲϮϭϴϳϮ Ͳϭϰϵ͘ϬϵϮϱϮϵ WƵďůŝĐ^ƵƉƉůǇ ^tϭϲ͘ϳϱ&d͕ϰϰϱ'WD͘^dKϵϬ&d͕^ZEϵϬͲϭϬϬ&d͘ Ϯϵϭϱϳ ϮϮϲϬϮϭ ,>>Yh>/dz,KD^ͬ:K>>/&&tdZͬD:^d/,/>>^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ D:^d/,/>>^t>>Ϯdƌ;ϬϬϰͿ͖Wt^/ϮϮϲϬϮϭD:^d/,/>>>^Ϯϰϯϯϯ ϭϰϭ ^ϬϭϳEϬϬϮϬϴ^^^^ ϲϭ͘ϱϳϬϵϲϯϯ Ͳϭϰϵ͘ϭϭϴϯϭϵϵ WƵďůŝĐ^ƵƉƉůǇ ^tϳϮ&d>^͕ϮϬϬ'WD'ZKhd^>͘DW//^ϬϬϰ^ dKϭϮϯ&d͕^ZEdKϭϰϭ&d Ϯϵϭϴϰ ϮϮϲϬϮϭ ,>>Yh>/dz,KD^ͬ:K>>/&&tdZͬD:^d/,/>>^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ D:^d/,/>>^t>>ϭdƌ;ϬϬϰͿ͖Wt^/ϮϮϲϬϮϭD:^d/,/>>>^Ϯϰϯϯϯ ϭϰϭ ^ϬϭϳEϬϬϮϬϴ^^^^ ϲϭ͘ϱϳϬϵϮϮϳ Ͳϭϰϵ͘ϭϭϴϯϮϮϰ WƵďůŝĐ^ƵƉƉůǇ ^tϳϮ&d>^͕ϭϳϱ'WD'ZKhd^>͘DW//^ϬϬϰ^ dKϭϮϯ&d͕^ZEdKϭϰϭ&d ϮϵϮϯϬ ϮϮϬϮϰϲ ^ŶŽǁŚŝůůŽ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ZZ/E'dKEs/>>'>ϬϭΘ>ϬϮ͖Wt^/ϮϮϬϮϰϲEKZd,'d>>^ϮϰϯϰϮ ϭϬϬ ^ϬϭϴEϬϬϭϯϭEtEEEt ϲϭ͘ϲϭϯϯϳϮϴ Ͳϭϰϵ͘ϯϰϴϰϴ WƵďůŝĐ^ƵƉƉůǇ ^tϳϬ&d͕ϭϬ'WD&h>>^͕KWEE͘>^Kdd,dK >^Ϯϱϯϳϰ ϮϵϮϲϬ ϯϭϮϭϱϲ DdZKtdZ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ &Ky͕<͖Wt^t>ϬϬϭ;tĞůůηϮͿ;KDD/^^/KEͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϰϬ &ϬϬϮEϬϬϭtϯϲE^tEt^ ϲϰ͘ϵϱϰϵϭ Ͳϭϰϳ͘ϲϱϳϮϱ WƵďůŝĐ^ƵƉƉůǇ ^tϮϬ&d͕ϯϬͲϰϬ'WD͘&h>>^͕WZ&ϭϭ&d͘ ϮϵϱϮϵ ϮϲϬϴϮϬ EhEW/d,h<͕/dzK& >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ E/EW/d,h<tdZW>Ed͖Wt^tϬϬϮ;t^dt>>DZ'EzͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨ Ϯϳϯ ^ϬϬϵEϬϳϰtϬϲEt^^E ϲϬ͘ϵϬϬϲϱ ͲϭϲϮ͘ϰϲϰϴϭ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬ&d͕ϯϬ'WDW/WdKKddKD^dKϮϲϬ&d͕^ZE^͕ Z/^ZΘW<ZΘd/> ϮϵϱϱϮ ϮϮϬϭϴϲ Z^,Z^͕ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ >KE',Ϯ>Ϭϭϲ >^ϮϰϬϲϭ ϭϰϬ ^ϬϭϳEϬϬϭtϬϭ^tEEE ϲϭ͘ϱϵϳϴϮ Ͳϭϰϵ͘ϯϲϮϴϮϵ WƵďůŝĐ^ƵƉƉůǇ ^tϯϯ&d͕ϯϲ'WD^dKϭϯϬ&dt/d,ϭϬ&d^ZE/E'KE KdKD ϮϵϲϱϬ ϯϵϮϬϭϳ </E'͕: ĞŶĂůŝŽƌŽƵŐŚ WZ<^,/',tzDϮϯϬ͘Ϭ͕E>/WZ<͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϬϬ &Ϭϭϱ^ϬϬϲtϬϲE^EtE ϲϯ͘ϲϰϴϳϴϲ Ͳϭϰϴ͘ϳϴϮϴϬϴ WƵďůŝĐ^ƵƉƉůǇ ^tϯϴ&d͕ϭϬ'WD&h>>^͕KWEE͕ϲϬ&dWZ&^ Ϯϵϲϴϰ ϮϲϬϮϳϴ E/<K>^</͕s/>>' ůĞƵƚŝĂŶZĞŐŝŽŶZ hDE<><>͍͍͍͕E/<K>^</Wh>/tdZ^KhZ͖EŽŶͲWƵďů >^Ϯϯϰϭϳ ϲ ^Ϭϴϰ^ϭϯϲtϬϰ^t^tEE ϱϮ͘ϵϯϰϮϴϰϴϳ Ͳϭϲϴ͘ϴϳϬϵϭϯϲ WƵďůŝĐ^ƵƉƉůǇ ϮϱϬ'WD͕Ϯ&d>^͕ϯϲΗh>sZd͕sZd/>^hDWKE^WZ/E' E/<K>^</ Ϯϵϲϴϴ ϮϮϬϬϮϵ ŽƵŶƚƌǇ&ŝĞůĚtĂƚĞƌŽ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ KhEdZz&/>^dd^ϴ>Ϭϭϱ;K&&dƌϭͿ͖&ŽƌŵĞƌůǇWt^/ϮϮ>^ϮϰϮϬϱ ϭϵϱ ^ϬϭϳEϬϬϭϬϲEt^Et^t ϲϭ͘ϱϵϬϮϭϳϲ Ͳϭϰϵ͘ϯϱϱϴϬϰ WƵďůŝĐ^ƵƉƉůǇ ^tϴϲ&d>^͕ϱϬ'WD^dKϭϴϬ&d͕^ZEdKϭϵϱ&d Ϯϵϲϴϵ ϮϮϬϬϯϳ DKtZKK<ͬ,>>Yh>/dz,KD^ͬ:K>>/&& DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DKtZKK<dƌ͕K&&>K<ϵ͕ηϭK&ϯt>>^͖Wt^t>ϬϬϭ͖>^ϮϰϬϴϰ ϮϮϮ ^ϬϭϳEϬϬϭϬϵEt^tEtE ϲϭ͘ϱϴϯϬϭϳ Ͳϭϰϵ͘Ϯϴϯϲϱϲ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬϲ&d͕ϭϬϬ'WD,^WhDWd^dd&h>>^͕ϭϬ&d ^ZE ϮϵϲϵϬ ϮϮϬϬϯϳ DKtZKK<ͬ,>>Yh>/dz,KD^ͬ:K>>/&& DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DKtZKK<dƌ͕K&&>K<ϵ͕ηϮK&ϯt>>^͖Wt^t>ϬϬϮ͖>^ϮϰϬϴϰ ϮϮϮ ^ϬϭϳEϬϬϭϬϵEt^tEtE ϲϭ͘ϱϴϯϬϯ Ͳϭϰϵ͘Ϯϴϯϳϰϱ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬϲ&d͕ϭϬϬн'WD&h>>^͕ϭϬ&d^ZE Ϯϵϲϵϭ ϮϮϬϬϯϳ DKtZKK<ͬ,>>Yh>/dz,KD^ͬ:K>>/&& DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DKtZKK<dƌ͕K&&>K<ϵ͕ηϯK&ϯt>>^͖Wt^t>ϬϬϯ͖>^ϮϰϬϴϰ ϮϮϮ ^ϬϭϳEϬϬϭϬϵEt^tEtE ϲϭ͘ϱϴϯϬϱϴ Ͳϭϰϵ͘ϮϴϯϵϮϱ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬϲ&d͕ϭϬϬн'WD&h>>^͕ϭϬ&d^ZE ϮϵϳϬϲ ϮϮϰϲϰϲ ŝƚǇKĨtĂƐŝůůĂ͕dŚĞZĂŶĐŚ;ƚƵƌŶĞƌŽŶƐƚƌƵĐƚŝŽŶͿ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ d,ZE,>Ϯϳϰ͕t>>ϭ͖Wt^t>ϬϬϳ;d,ZE,Ͳt>>ηϭͿ͖&>^Ϯϰϰϳϴ ϯϲϯ ^ϬϭϳEϬϬϭϮϬ^^tEtEt ϲϭ͘ϱϱϮϵϭϲ Ͳϭϰϵ͘ϯϮϲϲϮϴ WƵďůŝĐ^ƵƉƉůǇ ^tϯϱ&d͕ϭϬϬн'WD͕WZ&^dϮϱϮͲϮϲϯ&ddϯϲϬ&d͕ϭϬϬн 'WD͕Zd^/E͕d^dE^D>>͘^>dϮϴϭ&d͘d Ϯϳϯ&d͕^/>dztdZϯϬ'WDϮϰ,KhZ&>Ktd^dKE&/>͘ DhEdZZWKZdϲͬϮͬϬϯKE&/> ϮϵϳϬϴ ϮϮϬϰϴϱ ŝƚǇKĨtĂƐŝůůĂ͕dŚĞZĂŶĐŚ;ƚƵƌŶĞƌŽŶƐƚƌƵĐƚŝŽŶͿ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ d,ZE,dƌ^Zs/Z͕t>>ϯ͖Wt^t>ϬϬϭ;t>>ηϯͿ;Ă>^Ϯϰϰϳϵ ϯϬϭ ^ϬϭϳEϬϬϭϮϬ^E^Et ϲϭ͘ϱϱϭϯϭϴ Ͳϭϰϵ͘ϯϭϰϯϰϮ WƵďůŝĐ^ƵƉƉůǇ ^tϭϲ&d͕ϯϬϬн'WD^dKϮϵϬ&d͕^ZEdKϯϬϬ&dϮϰ ,KhZ&>Ktd^dKE&/>͘DhEdZZWKZdϲͬϮͬϬϯKE&/> ϮϵϴϬϴ ϯϭϭϭϴϰ 'ZE &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ EKZKtKK>Ϭϯ͕'ZZK͕&/ZE<^͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞ Ϯϯϭ &ϬϬϭ^ϬϬϭϭϭ^^^t^t ϲϰ͘ϴϯϰϵϯ Ͳϭϰϳ͘ϱϬϯϳϵ WƵďůŝĐ^ƵƉƉůǇ ^tϭϮ&d͕ϰϬ'WD&h>>^͕KWEE͕WZ&KZd&KZϱ &d ϮϵϵϬϳ ϮϮϬϬϳϬ ůĞĂƌǁĂƚĞƌhƚŝůŝƚŝĞƐͬEŽƌƚŚƌŝĚŐĞŽŶƐƚƌƵĐƚŝŽŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ^/>sZZ<^WZ/E'^t>>ϭ͖Wt^/ϮϮϬϬϳϬ^/>sZZ<^WZ/E>^Ϯϰϳϭϯ ϭϳϬ ^ϬϭϴEϬϬϭϯϱ^t^tEtE ϲϭ͘ϲϭϬϱϲϭϰ Ͳϭϰϵ͘ϮϮϮϳϳϴ WƵďůŝĐ^ƵƉƉůǇ ^tϰϲ&d͕ϮϯϬ'WDWhDWd^dz>^<Z/DE'/EZ/E' ϭϮͬϯϬͬϬϰ͕KE&/>͘^dKϭϰϰ&d͕^ZEͬ>/EZ͕'ZKhdͬ^> tdZ&>Ktd^d;WEE:Z^zZ/>>/E'ͿKE&/> Ϯϵϵϯϭ ϮϳϬϮϳϯ DZ^,>>͕/dzK&;ϯͿ >ŽǁĞƌzƵŬŽŶZ h^^ϰϰϭϱͲt>>ϯ͕EZzh<KEΘZKZ͕DZ^,>>͕<͖Wt^t >^ϮϱϬϵϮ ϯϱϬ ^ϬϮϭEϬϳϬtϯϰEEEE ϲϭ͘ϴϳϯϱϴ ͲϭϲϮ͘ϬϳϴϮϭ WƵďůŝĐ^ƵƉƉůǇ ^tϱϲ&d͕ϰϱ'WD^dKϮϰϰ&d͕Ws>/EZϮϯϬdKϯϱϬ&d͕ KWE,K> ϯϬϭϬϬ ϯϭϬϵϮϲ s>>ztdZ/E͘;^d/>>͕sͿ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ ><>KzWZ<ϱ>ϭϳϱ͕t>>ηϮ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď>ϴϬϱϭϰ ϭϰϯ &ϬϬϭ^ϬϬϭϭϱEt^tEt^ ϲϰ͘ϴϮϰϵϴϲ Ͳϭϰϳ͘ϱϮϱϵϱϵ WƵďůŝĐ^ƵƉƉůǇ ^tϵ&d͕ϱϬ'WD^dKϭϮϲ&d͕^ZEϭϮϯ&ddKϭϰϯ&d ϯϬϮϳϰ ϮϮϬϬϯϳ DKtZKK<^W,ϯͬ,>>Yh>/dz,KD^ͬ:K>>/&& DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DKtZKK<W,ϯdƌ͕ηϮ͖Wt^t>ϬϬϰ;ĞĞƉĞŶŝŶŐͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϮϬϮ ^ϬϭϳEϬϬϭϬϵEEtEt^ ϲϭ͘ϱϳϳϴϯ Ͳϭϰϵ͘ϮϴϭϮϴ WƵďůŝĐ^ƵƉƉůǇ Zzt>>;^/>dz^h>W,ZtdZdϭϯϬͲϭϰϮ&dͿhZZEd ^ddh^hE<EKtE^dKϭϳϳ&d͕KWE,K>WE y/^d/E'ϴϬ&dt>>͘KD/^^/KEt>> ϯϬϮϵϭ ϯϭϰϵϯϴ &ĂŝƌŚŝůůŚƌŝƐƚŝĂŶ^ĐŚŽŽůƐ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ &/Z,/>>,Z/^d/E^,KK>͕/dz>/',d^Kh>ssZ͖Wt^/ϯϭϰϵϯϴ&/Z,/>>ϭϬϬ &ϬϬϭEϬϬϭtϯϲE^t^t^t ϲϰ͘ϴϲϰϱϰϬϭ Ͳϭϰϳ͘ϲϳϰϮϳϭ WƵďůŝĐ^ƵƉƉůǇ ^tн͍&d͕ϮϬϬ'WD&h>>^͕KWE,K> ϯϬϯϯϲ ϯϵϭϱϰϬ >DKZ͕: ĞŶĂůŝŽƌŽƵŐŚ ,>zZ͖EŽŶͲWƵďůŝĐt>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϯϮϬ &Ϭϭϭ^ϬϬϴtϯϰ^^tEtEt ϲϯ͘ϵϮϭϵ Ͳϭϰϵ͘ϭϭϭϱϵ WƵďůŝĐ^ƵƉƉůǇ ^tϮϯϭ&d͕ϮϬ'WD^dKϯϮϬ&d͕WZ&KZd&KZϮϬ&d ϯϬϱϬϯ ϮϮϳϮϬϰ DŝĚƚŽǁŶƐƚĂƚĞƐͬŶĐŚŽƌĂŐĞtĞůůŶĚWƵŵƉ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ D/dKtE^dd^>Ϭϯϭϭ͖Wt^/ϮϮϳϮϬϰD/dKtE^dd^͕ >^Ϯϭϴϯ ϳϰ ^ϬϭϴEϬϬϭϯϱEt^^t^ ϲϭ͘ϲϬϬϴϰϱϯ Ͳϭϰϵ͘Ϯϭϴϰϰϱ WƵďůŝĐ^ƵƉƉůǇ ^tϭϴ&d͕ϭϬϬ'WD&h>>^t/d,ϭϬ&d^ZE ϯϬϱϰϲ ϮϳϮϬϭϲ <^/'>h<͕s/>>'K& >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ h^^ϴϰϲϲdƌϭ͕<^/'>h<t>>Ϯ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϮϲ ^ϬϬϵEϬϳϱtϭϯ^t^t^tEt ϲϬ͘ϴϳϬϰϴ ͲϭϲϮ͘ϱϭϴϵϭ WƵďůŝĐ^ƵƉƉůǇ ^tϮϳ͘ϱ&d>^͕ϱϬ'WD^dKϭϬϴ͘Ϯ&d͕^ZEΘW>d d/>W/WdKϭϮϲ&d ϯϬϳϬϰ ϮϮϱϴϭϵ DdEh^<Ͳ^h^/dEKZKh',Ͳd>E^,KK> DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ d>ED/>^,KK>͕Wt^/ϮϮϱϴϭϵ͕t>ϬϬϭ;tĞůůηϮͿ͖>ŽĐĂƚ>^Ϯϯϭϳϰ ϭϬϳ ^ϬϭϴEϬϬϭtϯϲ^EtEE ϲϭ͘ϲϭϮϴϱϳ Ͳϭϰϵ͘ϯϲϯϯϲ WƵďůŝĐ^ƵƉƉůǇ ^tϳϳ&ddK͕ϭϴϬ'WD&h>>^/E>h/E'ϭϬ&d^ZE ϯϬϳϬϱ ϮϮϬϬϵϱ ^KZE^KE͕< DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'ZEs>>zdƌ͖Wt^/ϮϮϬϬϵϱ^,KKd/E'^dZ/Z>͕t>Ϭ>^Ϯϰϴϴϵ ϭϮϵ ^ϬϭϳEϬϬϮϬϳ^^^E ϲϭ͘ϱϳϴϭϵϱ Ͳϭϰϵ͘ϭϱϬϬϭϵ WƵďůŝĐ^ƵƉƉůǇ ^tϴϬ&ddK͕ϲϬн'WD&h>>^/E>h/E'ϭϬ&d^ZE ;ϵ͘ϲ&dWh>><Ϳ ϯϬϳϭϰ Ϯϭϴϳϳϴ /''D>^<t/>>/&EdZ͕WKZd' DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ t/>>/&EdZ͕t>>ϭ͖Wt^/Ϯϭϴϳϳϴ>^<t/>>/&EdZ͕t>ϬϬϭ͖>ŽĐĂ ϲϬ ^ϬϬϵEϬϬϯϯϭ^tE^t^ ϲϬ͘ϴϮϭϳϮϮ Ͳϭϰϴ͘ϵϴϰϮϱϳ WƵďůŝĐ^ƵƉƉůǇ ^tϰ&d͕ϯϬ'WD^E^ZEdKϯϭ&d;ϱ&d^ZEͿ ϯϬϴϲϰ ϮϮϬϭϯϰ >^<^>^E^Zs/ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t/>ZWZ<>Ϭϭ͕t^/>>͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^Ϯϰϵϲϱ ϭϯϰ ^ϬϭϳEϬϬϭϭϲE^t^tEt ϲϭ͘ϱϲϱϭϰϳ Ͳϭϰϵ͘Ϯϵϲϰϭ WƵďůŝĐ^ƵƉƉůǇ ^tϲϬ&ddK͕͍'WD^ϭϭϴ͘ϯ&d͕^ZE^ͲϭϯϬ&d͕d/>Θ W>dͲϭϯϯ&d ϯϭϬϬϱ ϯϭϬϭϰϲ ,E,Kd^WZ/E'^Z^KZdͬZE/<Z> &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ h^^ϭϮϰϳΘh^^ϰϮϮϴ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϳϳ &ϬϬϯEϬϬϴϮϲ^t^^^ ϲϱ͘ϬϱϮϬϰ Ͳϭϰϲ͘ϬϱϮϭ WƵďůŝĐ^ƵƉƉůǇ ^tн&d͕ϭϭϬн'WD͕&>Kt/E'^dKϱϳ&d͕WZ&ϮϬ&d ϯϭϬϭϭ ϮϮϬϭϯϱ sEE>Dͬ&/>K&s/tWZ<Ͳt>>ϭ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ &/>K&s/tW<Ϯ><ϭ>dϮ;tĞůůϭͿ͖Wt^t>ϬϬϭ;t>>ϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝ ϭϰϱ ^ϬϭϴEϬϬϭϭϴ^tEEE ϲϭ͘ϲϱϱϲϯϯ Ͳϭϰϵ͘ϯϯϭϴϵ WƵďůŝĐ^ƵƉƉůǇ ^tϴϬ&d͕ϯϱ'WDWZKh/E'ϱ'WDϳͬϭϱͬϮϬϭϬ^dKϰϬ&d͕ KWE,K>t^/>>&/^,KK<Θ/'ZK<ZK͕ KDD/^/KE͍ ϯϭϭϲϭ ϮϮϬϭϰϲ KE^dZhd/KE͕'D^dKE^dd^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'D^dKE^dd^t>>ϭ͕dƌ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď>^ϮϱϮϱϬ ϭϬϳ ^ϬϭϴEϬϬϭϯϭEtEtEtEt ϲϭ͘ϲϭϯϭϮ Ͳϭϰϵ͘ϯϱϴϯϵ WƵďůŝĐ^ƵƉƉůǇ ^tϳϰ&d>^͕ϲϬ'WDWhDWd^ddKE&/>^dKϵϴ&d͕ ^ZEdKϭϬϳ&d ϯϭϭϲϮ ϮϮϬϭϰϲ KE^dZhd/KE͕'D^dKE^dd^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'D^dKE^dd^t>>Ϯ͕dƌ͖Wt^t>ϬϬϮ;ŽƌŝŐŝŶĂůͲƐĞĞĚĞĞƉ>^ϮϱϮϱϬ ϭϱϬ ^ϬϭϴEϬϬϭϯϭ^tEtEtEt ϲϭ͘ϲϭϯϬϳ Ͳϭϰϵ͘ϯϱϴϰϳ WƵďůŝĐ^ƵƉƉůǇ ^tϳϰ&d>^͕ϲϬ'WD&/E/^,>KtϭϬϵ&dEKd^dd^ dKϭϬϬ&d͕^ZEdKϭϬϵ&d͕KWE,K>/d/KE>ϮϬ'WD Λϭϭϭн&dEKdh^Ͳ^>K&&͍ ϯϭϯϮϬ ϯϬϬϭϵϭ ,h^>/͕/dzK& zƵŬŽŶͲ<ŽǇƵŬƵŬZ /dztdZt>>ϭ͕/Z,'ZKhW>ϯϭϴ͖Wt^t>ϬϬϮ;t>>ηϭt^dt>>Ϳ͖>ŽĐ ϴϱ <ϬϬϰEϬϭϮϯϯ^t^tEt^ ϲϱ͘ϳϬϭϯϳϱ Ͳϭϱϲ͘ϯϴϰϴϲϭ WƵďůŝĐ^ƵƉƉůǇ ^tϯϮ&ddK͕ϯϬ'WD^dKϲϴ&d͕^ZEdKϳϵ&d ϯϭϯϲϮ ϮϭϭϵϱϮ t,/dd/Z͕/dzK& ŚƵŐĂĐŚZ Wt^/ϮϭϭϵϱϮt,/dd/ZtdZ^z^dD͕t>ϬϬϯ;t>>ηϯͿ͖>ŽĐĂ >^Ϯϱϯϯ ϴϬ ^ϬϬϴEϬϬϰϮϯEt^EE ϲϬ͘ϳϳϰϭϴϭ Ͳϭϰϴ͘ϲϴϵϳϮϵ WƵďůŝĐ^ƵƉƉůǇ EKt>>>K'͕^t͍&d͕ϮϮϱ'WDdK&KDW>d/KE ^d/Dd^KE,/^dKZzϴΗ^/E'͕&/E/^,hE<EKtE͕ WZK>z^dKZK<Wh>/Z/E</E'tdZ͕ >dZEd>z&/>>^ϭD'dE< ϯϭϯϲϯ ϮϭϭϵϱϮ t,/dd/Z͕/dzK& ŚƵŐĂĐŚZ Wt^/ϮϭϭϵϱϮt,/dd/ZtdZ^z^dD͕t>ϬϬϮ;t>>ηϮͿ͖>ŽĐĂ >^ϮϱϯϮ ϴϲ ^ϬϬϴEϬϬϰϮϯE^EE ϲϬ͘ϳϳϰϱϬϯ Ͳϭϰϴ͘ϲϴϴϯϳϲ WƵďůŝĐ^ƵƉƉůǇ EKt>>>K'͕^t͍&d͕ϮϮϱ'WDdK&KDW>d/KE ^d/Dd^KE,/^dKZzϴΗ^/E'͕&/E/^,hE<EKtE͕ WZK>z^dKZK<Wh>/Z/E</E'tdZ͕ >dZEd>z&/>>^ϭD'dE< ϯϭϯϲϰ ϮϭϭϵϱϮ t,/dd/Z͕/dzK& ŚƵŐĂĐŚZ Wt^/ϮϭϭϵϱϮt,/dd/ZtdZ^z^dD͕t>ϬϬϭ;t>>ηϭͿ͖>ŽĐĂ >^Ϯϱϯϭ ϴϲ ^ϬϬϴEϬϬϰϮϰEt^tEtEt ϲϬ͘ϳϳϰϮϳϳ Ͳϭϰϴ͘ϲϴϲϲϮϭ WƵďůŝĐ^ƵƉƉůǇ EKt>>>K'͕^t͍&d͕ϱϯϬ'WDdK&KDW>d/KE ^d/Dd^KE,/^dKZzϭϬΗ^/E'͕&/E/^,hE<EKtE͕ WZK>z^dKZK<DK^d>zh^&KZZ&/>>/E' Zh/^^,/W^ ϯϭϯϴϲ ϯϵϬϲϰϭ EĂƚŝŽŶĂůWĂƌŬ^ĞƌǀŝĐĞͬWĂƵŐͲǀŝŬĞǀĞůŽƉŵĞŶƚ ĞŶĂůŝŽƌŽƵŐŚ ^s'Z/sZDW'ZKhE͕E>/Ed/KE>WZ<DϭϮ͘Ϭ͖Wt^/ϯϵϬϲϰϭE ϭϲϬ &Ϭϭϰ^ϬϬϵtϭϭEt^t^tEt ϲϯ͘ϳϭϳϮϵϳ Ͳϭϰϵ͘ϮϱϱϴϬϲ WƵďůŝĐ^ƵƉƉůǇ ^tϵϯ͘ϳ&d͕ϲϬ'WD^dKϭϰϳ͘ϵ&d͕^ZE͕W>dd ϭϲϬ͘ϰ&dZ/>>Z/E>h^Ϯ&d;^d/<hWͿ/E>> D^hZDEd^ ϯϭϯϵϯ ϯϰϬϭϵϭ t>^͕/dzK& ĞƌŝŶŐ^ƚƌĂŝƚƐZ /dzK&t>^͕t>>ϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϳϮ <ϬϬϯEϬϰϱtϯϮ^^^tE ϲϱ͘ϲϭϴϯϵϭ Ͳϭϲϴ͘Ϭϲϳϲϭϵ WƵďůŝĐ^ƵƉƉůǇ ^tϮϯ͘Ϯϱ&d>^͕ϭϬϬ'WD^dKϯϲ&d͕KWE,K> ϯϭϯϵϰ ϯϰϬϭϵϭ t>^͕/dzK& ĞƌŝŶŐ^ƚƌĂŝƚƐZ /dzK&t>^͕t>>Ϯ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϲϬ <ϬϬϯEϬϰϱtϯϮE^^tE ϲϱ͘ϲϭϴϰϱϮ Ͳϭϲϴ͘Ϭϲϳϰϲϲ WƵďůŝĐ^ƵƉƉůǇ ^tϮϭ͘ϯ&d>^͕ϭϬϬ'WD^dKϯϲ͘ϲ&d͕KWE,K> ϯϭϰϭϰ ϯϳϮϲϳϳ ŽƉƉĞƌsĂůůĞǇŶƚĞƌƉƌŝƐĞƐͬĞůƚĂůĞŵĞŶƚĂƌǇ^ĐŚŽŽů ĞůƚĂͲ'ƌĞĞůǇZ >d:hEd/KE>DEdZz^,KK>͖Wt^/ϯϳϮϲϳϳ'^Ͳ >^ϮϰϳϬϰ ϭϮϬ &ϬϭϬ^ϬϭϬϮϰ^tEEtEt ϲϰ͘Ϭϯϵϰϴ Ͳϭϰϱ͘ϳϬϵϲϲ WƵďůŝĐ^ƵƉƉůǇ ^tϳϱ&ddK͕ϭϮϱ'WDWhDWϯ,Z^ΛϭϮϱ'WD͕ ZKsZ/EϯϬ^^&ZKDϴϲ&d^dKϭϱϱ&d͕^ZE ϭϱϱ&dͲϭϲϬ&d ϯϭϰϱϭ ϮϳϬϯϭϮ /dzK&,KKWZz >ŽǁĞƌzƵŬŽŶZ h^^ϰϰϮϬ>͍͍͍͍͕,KKWZz͕tͲϵϵͲϭ͖Wt^t>ϬϬϮ;t>>ηϮ͖tͲϵϵͲϭͿ͖>ŽĐĂƚŝŽŶϭϮϳ ^ϬϭϳEϬϵϯtϮϲ^t^E^t ϲϭ͘ϱϯϬϳϳϱ Ͳϭϲϲ͘Ϭϵϲϰϲ WƵďůŝĐ^ƵƉƉůǇ ^tϭϯ&ddK͕ϰϭ'WD^dKϭϮϬ&d͕^ZEdKϭϮϳ&d ϯϭϰϱϮ ϮϳϬϯϭϮ /dzK&,KKWZz >ŽǁĞƌzƵŬŽŶZ h^^ϰϰϮϬ>͍͍Ϭϵ͕,KKWZz͕tͲϵϵͲϮ͖Wt^t>ϬϬϯ;t>>ηϯ͖tͲϵϵͲϮͿ͖>ŽĐĂƚŝŽŶ ϭϰϲ ^ϬϭϳEϬϵϯtϮϲ^t^E^t ϲϭ͘ϱϯϬϴϵϱ Ͳϭϲϲ͘Ϭϵϱϳϰ WƵďůŝĐ^ƵƉƉůǇ ^tϭϰ&ddK͕ϱϬ'WD^dKϭϯϴ&d͕^ZEdKϭϰϱ&d ϯϭϰϱϯ ϮϳϬϯϭϮ /dzK&,KKWZz >ŽǁĞƌzƵŬŽŶZ h^^ϰϰϮϬ>ϬϲϬϮ͕,KKWZz͕tͲϬϭͲϯ͖Wt^t>ϬϬϰ;t>>ηϰ͖tͲϬϭͲϯͿ͖>ŽĐĂƚŝŽŶ ϭϱϮ ^ϬϭϳEϬϵϯtϮϲ^^tE^t ϲϭ͘ϱϯϭϬϵ Ͳϭϲϲ͘Ϭϵϳϰϳ WƵďůŝĐ^ƵƉƉůǇ ^tϴ&ddK͕ϳϱ'WD^dKϭϯϯ&d͕^ZEdKϭϱϮ&d ϯϭϰϱϰ ϮϳϬϯϭϮ /dzK&,KKWZz >ŽǁĞƌzƵŬŽŶZ h^^ϰϰϮϬ>ϬϲϬϮ͕,KKWZz͕tͲϬϭͲϰ͖Wt^t>ϬϬϱ;t>>ηϱ͖tͲϬϭͲϰͿ͖>ŽĐĂƚŝŽŶ ϭϱϵ ^ϬϭϳEϬϵϯtϮϲ^t^E^t ϲϭ͘ϱϯϭϰϰϯ Ͳϭϲϲ͘Ϭϵϱϵϰϴ WƵďůŝĐ^ƵƉƉůǇ ^tϯ&ddK͕ϰϱ'WD^dKϭϰϰ&d͕^ZEdKϭϰϵ&d ϯϭϰϱϱ ϮϳϬϯϭϮ /dzK&,KKWZz >ŽǁĞƌzƵŬŽŶZ h^^ϰϰϮϬ>ϭϬϬϰ͕,KKWZz͕tͲϬϭͲϱ͖Wt^t>ϬϬϲ;t>>ηϲ͖tͲϬϭͲϱͿ͖>ŽĐĂƚŝŽŶ ϭϮϱ ^ϬϭϳEϬϵϯtϮϲ^t^E^t ϲϭ͘ϱϯϭϰϰϱ Ͳϭϲϲ͘ϬϵϱϬϴ WƵďůŝĐ^ƵƉƉůǇ ^tϮ&ddK͕ϭϬϬ'WD^dKϭϭϱ&d͕^ZEdKϭϮϰ&d ϯϭϰϱϴ Ϯϳϭϴϳϰ ^>dDhddZ/d/KE>KhE/> <ƵƐƉƵŬZ ^>dDhd^;ϵϬͲϭͿ͕dƌ͕ϭϮEt>>ddZdDEdW>Ed͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶ ϱϰ ^ϬϭϵEϬϰϰtϯϲ^^^Et ϲϭ͘ϲϵϯϳϭ Ͳϭϱϳ͘ϭϳϱϭ WƵďůŝĐ^ƵƉƉůǇ ^tϭϴ&ddK͕ϭϱϬ'WD^dKϰϭ&d͕^ZEdKϱϰ&d >ŽŐ/Ě Wt^/ KǁŶĞƌ ZĞŐŝŽŶ WĂƌĐĞůĞƐĐƌŝƉƚŝŽŶ >^ tĞůů ĞƉƚŚ DdZ^ >ĂƚŝƚƵĚĞ >ŽŶŐŝƚƵĚĞ tĞůůhƐĞ ƌŝůůĞƌƐŽŵŵĞŶƚƐ ^ƚĂƚĞǁŝĚĞWƵďůŝĐtĞůůƐͲt>d^ ϯϭϰϲϴ ϮϳϬϭϱϬ DŽƵŶƚĂŝŶsŝůůĂŐĞ͕ŝƚǇKĨ >ŽǁĞƌzƵŬŽŶZ h^^ϰϰϭϮϭϬ͕^dϭͲϮϬϬϯ͕DKhEd/Es/>>';EEZͿ͕Wt^/ϮϳϬϭϱϬDKhEd ϯϬϭ ^ϬϮϯEϬϳϵtϭϱ ϲϮ͘ϬϴϲϯϭϱϮ Ͳϭϲϯ͘ϳϮϯϲϵϰ WƵďůŝĐ^ƵƉƉůǇ ^tϯϰ&ddK͕Ϯϵ'WD&h>>^͕KWEE͕WZ&KZdϮϬͲ Ϯϯϱ&d͍ ϯϭϱϰϳ ϮϮϯϰϱϰ 'ŽĚ͕ůĂƐŬĂŝƐƚƌŝĐƚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ >/dd>sZDW>Ϭϯϳ͕WEϭϭͬϭͬϮϬϬϱzϱ&d ϭϮϲ ^ϬϭϳEϬϬϯtϬϵ^t^t^^t ϲϭ͘ϱϳϬϴϴϰϳ Ͳϭϰϵ͘ϴϯϰϲϴϲ WƵďůŝĐ^ƵƉƉůǇ ^tϳ&ddK͕ϱϬ'WDWd,^/E>hϯ&d^d/<hW&h>>^͕ KWEE͕ϮͲϭϱ^>Kd^ZEϭϭϴͲϭϮϲ&d ϯϭϱϴϲ ϮϰϬϰϳϮ dzKE<͕Ed/ss/>>'K& <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ dzKE<dtϭͲϬϱ͖Wt^t>ϬϬϭ;t>>ϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϮϲϵϬϭ ϭϱϬ ^ϬϭϭEϬϭϭtϬϭEtE^Et ϲϭ͘Ϭϳϱϴϯϵ Ͳϭϱϭ͘ϭϱϭϲϳϰ WƵďůŝĐ^ƵƉƉůǇ ^tϴϬ&ddK͕ϱϱ'WD^ZE^^D>z,^ϱ&d,Z͕ &KZϭϳ&ddKd>>E'd,^E^ZEϭϮϵ&dͲϭϯϵ&d tϮ&dd/> ϯϭϱϴϳ ϮϰϬϰϳϮ dzKE<͕Ed/ss/>>'K& <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ dzKE<dtϮͲϬϱ͖Wt^t>ϬϬϮ;t>>ϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϮϲϵϬϮ Ϯϯϴ ^ϬϭϭEϬϭϭtϬϭEt^EEt ϲϭ͘ϬϳϳϭϬϳ Ͳϭϱϭ͘ϭϱϮϱϱ WƵďůŝĐ^ƵƉƉůǇ ^tϵϱ&ddK͕ϭϬϬ'WD^ZE^^D>z,^ϱ&d,Z͕ &KZϭϳ&ddKd>>E'd,^E^ZEϮϮϲ&dͲϮϯϴ&d tϮ&dd/> ϯϭϱϴϵ Ϯϭϭϲϭϵ t>EdZWZ/^^ͬDz&>KtZdZ/>ZKhZd DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ Dz&>KtZdZ/>ZKhZd͕ϭϬϬϭKE/&WZ<tz͖Wt^/ϮϭϭϲϭϵDz&>Kt ϮϰϮ ^ϬϭϯEϬϬϯtϭϰ^t^tEt^t ϲϭ͘Ϯϭϯϯϲ Ͳϭϰϵ͘ϳϳϳϵϳ WƵďůŝĐ^ƵƉƉůǇ ^tϰϬ&ddK͕ϯϬϬ'WDϬϬϲͲϬϴϮͲϬϴϬϬϬϭϯ^ϭϱϴ͘ϲ&d͕ ^ZE^ϭϱϴͲϭϳϳ&dΘϮϭϳͲϮϯϳ&d͕ϱ&dd/>Z/>>Z/E>h^ϯ &d^d/<hW/Et>>Wd,^ ϯϭϱϵϭ ϯϬϬϭϵϭ ,h^>/͕/dzK& zƵŬŽŶͲ<ŽǇƵŬƵŬZ /dztdZt>>Ϯ͕/Z,'ZKhW>ϯϭϴ͖Wt^t>ϬϬϯ;t>>ηϮ^dt>>Ϳ͖>ŽĐĂ ϳϵ <ϬϬϰEϬϭϮϯϯE^tEt^ ϲϱ͘ϳϬϭϳϰϰ Ͳϭϱϲ͘ϯϴϯϯϱϭ WƵďůŝĐ^ƵƉƉůǇ ^tϮϵ&ddK͕ϭϱ'WD^dKϲϲ&d͕^ZEdKϳϳ&d ϯϭϱϵϯ ϮϮϰϲϰϲ /dzK&t^/>>͕s/>>',/',d^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ s/>>',/',d^dƌ͕EdZK&>Kd͘,KZsd,Z/s͖Wt^t>ϬϬϵ͖>ŽĐĂƚŝŽŶǀĞ ϯϬϰ ^ϬϭϳEϬϬϭtϭϬEEE^ ϲϭ͘ϱϳϳϮϬϯ Ͳϭϰϵ͘ϰϮϭϰϲϯ WƵďůŝĐ^ƵƉƉůǇ ^tϵϵ͘Ϯϱ&ddK͕ϯϬϮ'WDZ/>>Z/E>h^Ϯ&d^d/<hW/E t>>Wd,^^t/d,^ZEϭϳϯͲϭϴϯ͘Ϯϱ&d͕Z/^ZΘ W>dd/>s>>z,/',d^KZs/>>',/',d^͍͍͍ ϯϭϳϮϵ ϮϮϬϭϰϲ KE^dZhd/KE͕'D^dKE^dd^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'D^dKE^dd^t>>ϯ͕dƌ͖Wt^t>ϬϬϯ;WE͕^Žƌ>^ϮϱϮϱϬ ϯϴϯ ^ϬϭϴEϬϬϭϯϭ^tEtEtEt ϲϭ͘ϲϭϯϬϲ Ͳϭϰϵ͘ϯϱϴϳϯ WƵďůŝĐ^ƵƉƉůǇ ^tϳϬ&d͕ϭϰ'WD^dKϭϰϬ&d͕ϯϲϬ&dWZ&>/EZKE KddKD ϯϭϳϯϬ ϮϮϬϭϰϲ KE^dZhd/KE͕'D^dKE^dd^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'D^dKE^dd^t>>Ϯ͕dƌ͖Wt^t>ϬϬϮ;WE͕^K>^ϮϱϮϱϬ ϯϵϬ ^ϬϭϴEϬϬϭϯϭ^tEtEtEt ϲϭ͘ϲϭϯϬϳ Ͳϭϰϵ͘ϯϱϴϰϳ WƵďůŝĐ^ƵƉƉůǇ ^tϳϬ&d͕ϵ'WD^dKϭϱϬ&d͕ϯϲϬ&dWZ&>/EZKE KddKD ϯϭϳϯϭ ϮϮϲϬϰϳ /EdZdD/E/^dZ/^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϬϮϮ͕>Z<Zϭϲϰϱϯ͕W>DZ;>^K>Kd^ϬϮϭΘϬϮϱͿ͖Wt^>^Ϯϱϳϴϳ ϱϬ ^ϬϭϴEϬϬϮϮϯ^^t^t^ ϲϭ͘ϲϮϴϲϮϮ Ͳϭϰϵ͘ϬϯϵϱϮϲ WƵďůŝĐ^ƵƉƉůǇ D/^^/E'>K'͕>Kd/KEKE>z ϯϭϴϬϬ ϮϳϮϳϱϬ WK/Ed͕/dzK& >ŽǁĞƌzƵŬŽŶZ W/d<ǭ^WK/Edt>>ϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^ϮϲϬϲϯ ϮϱϬ ^ϬϮϯEϬϳϲtϯϭ^E^^t ϲϮ͘ϬϯϰϵϮ Ͳϭϲϯ͘Ϯϴϳϲϴ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬϰ&d>^͕ϱϬн'WD^dKϭϰϱ&d͕WZ&>/EZdK KddKD ϯϭϴϬϭ ϮϳϮϳϱϬ WK/Ed͕/dzK& >ŽǁĞƌzƵŬŽŶZ W/d<ǭ^WK/Edt>>Ϯ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^ϮϲϬϲϯ ϮϱϬ ^ϬϮϯEϬϳϲtϯϭ^E^^t ϲϮ͘Ϭϯϰϴϴ Ͳϭϲϯ͘Ϯϴϳϭϵ WƵďůŝĐ^ƵƉƉůǇ ^tϵϮ&d>^͕ϰϭ'WD^dKϭϵϮ&d͕WZ&>/EZdK KddKD ϯϭϴϭϬ ϮϮϯϬϮϯ DdEh^<Ͳ^h^/dEKZKh',ZZEdZ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WZ>͕ZZEdZ͕EZd>ED/>^,KK>͖Wt^>^Ϯϲϰϭϱ ϭϬϭ ^ϬϭϴEϬϬϭtϯϲ^tE^E ϲϭ͘ϲϬϵϬϳ Ͳϭϰϵ͘ϯϲϮϱϯϲ WƵďůŝĐ^ƵƉƉůǇ ^tϱϰ&d>^͕ϭϵϬ'WD^t/d,^ZE&ZKDϵϬ&ddK ϭϬϭ&d ϯϭϴϰϮ ϮϮϰϬϯϲ >^/EKZs/>>' DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ >^/EKZ,/',d^KDDhE/dzt>>͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϮϱϲϮϵ ϭϮϱ ^ϬϭϳEϬϬϭtϬϮ^^E^t ϲϭ͘ϱϴϵϮϲϲ Ͳϭϰϵ͘ϰϬϲϰϲϭ WƵďůŝĐ^ƵƉƉůǇ ^tϰϭ&ddK͕ϭϱϬн'WDϭϬ&d^ZE ϯϭϴϰϰ ϮϵϮϮϰϭ <EE/Kd'>/Z>K' ŽƉƉĞƌZŝǀĞƌZ <EE/KddD/>>^/d>Ϯϲ͕t>>Ϯ͕DZd,z >^Ϯϱϳϳϳ ϭϬϱ ϬϬϰ^ϬϭϰϯϯE^EEt ϲϭ͘ϰϴϮϱϭϰϯϵ ͲϭϰϮ͘ϴϴϯϯϲϭϱ WƵďůŝĐ^ƵƉƉůǇ ^tϴϮ&ddK͕ϭϬ'WD&h>>^͕KWEE ϯϭϴϱϭ ϮϳϮϬϭϭ ZŝǀĞƌŝƚǇĞǀĞůŽƉŵĞŶƚ͕ĞƚŚĞů^ƚĂƚĞdƌŽŽƉĞƌƐ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ h^^ϯϮϯϬ>ϭϰϭϭͲd,>dKtE^/dWt^/ϮϳϮϬϭϭ^<zDEKZ>^Ϯϲϯϴϵ ϯϳϭ ^ϬϬϴEϬϳϭtϬϵEt^tE^t ϲϬ͘ϳϵϱϵϱϭϴ Ͳϭϲϭ͘ϳϱϴϲϵϴ WƵďůŝĐ^ƵƉƉůǇ ^tϳ&d>^͕ϰϱн'WD^t/d,^ZEϯϲϬ&ddKϯϳϭ&d dK ϯϭϵϮϮ ϮϮϬϱϬϰ <KtE͕Z DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Zs/EtZ^dͬϱ>ϬϮϭ͘ϮϵϬϭŽŐĂƌĚZĚ͘t^/>>͕<͖Wt^/>^ϯϰϬϱϲ Ϯϭϵ ^ϬϭϳEϬϬϭtϬϭEtE^Et ϲϭ͘ϱϵϱϮϲϴϰ Ͳϭϰϵ͘ϯϳϲϱϮϳ WƵďůŝĐ^ƵƉƉůǇ ^tϰϯ&d>^͕ϱϴ'WD&h>>^͕KWEE ϯϭϵϴϲ ϮϱϬϲϬϱ h^K^d'hZ͕<K/< <ŽĚŝĂŬ/ƐůĂŶĚŽƌŽƵŐŚ Zs>>z'K>&KhZ^͖Wt^/ϮϱϬϲϬϱh^'Zs>>z'K>&KhZ^͕t>ϭϬϭ ^ϬϮϴ^ϬϮϬtϬϱ^EEEt ϱϳ͘ϳϴϰϴϭϯ ͲϭϱϮ͘ϱϱϵϭϭϳ WƵďůŝĐ^ƵƉƉůǇ ^tϮϮ&ddK͕ϱϱ'WD^dKϴϬ&d͕KWE,K> ϯϮϬϲϳ ϯϳϮϳϰϬ Ăƌƌ͕' &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ Z/,Z^KE,/',tzϭϭϭϲϭ͕^>,͖Wt^/ϯϳϮϳϰϬ>zDKK>^Ϯϱϭϵϲ ϱϬ &ϬϬϲ^ϬϬϰϮϱEtEEt^t ϲϰ͘ϯϲϱϮϭϭϱ Ͳϭϰϲ͘ϴϳϲϰϵϱ WƵďůŝĐ^ƵƉƉůǇ ^tϯϱ&ddK͕ϭϮ'WD&h>>^͕KWEE͕WZ&^ϰϬ&ddK ϱϬ&d ϯϮϭϯϭ ϯϳϬϲϮϱ hE/d^dd^/Z&KZ͕/>^KE&Ͳh^K &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ />^KE&͕&/ZE<^͕t>>͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϰϲ &ϬϬϯ^ϬϬϯϭϭE^Et^ ϲϰ͘ϲϲϲϰϱ Ͳϭϰϳ͘ϬϴϮϬϮ WƵďůŝĐ^ƵƉƉůǇ ^tϮϭ&ddK͕ϭϳϬϬ'WDEK>/d,K>K'zKEt>>>K'^ dKϭϰϰ&d͕^ZEdKϭϯϲ&d͕^EW< ϯϮϮϳϲ ϯϭϬϰϮϭ DZd/E͕EK &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ '/>DKZdZ</E'^dd/KE͕&Ky͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϴϬ &ϬϬϮEϬϬϭϮϳEt^tEtE ϲϰ͘ϵϳϲϮϰϯ Ͳϭϰϳ͘ϱϮϯϲϲϯ WƵďůŝĐ^ƵƉƉůǇ ^tϯϬ&ddK͕ϱ'WD^͕WZ&^ϭϭϱͲϭϮϬ&d͖ϭϳϱͲϮϬϬ&d͖ ϮϱϬͲϮϳϱ&d ϯϮϮϵϰ ϯϭϬϳϭϰ W/KEZt>>^ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ ,D/>dKEZ^>͍͍͍͕&/ZE<^͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϬϬ &ϬϬϭ^ϬϬϭtϭϭEtEtEE ϲϰ͘ϴϰϴϰϵ Ͳϭϰϳ͘ϲϴϯϵϯ WƵďůŝĐ^ƵƉƉůǇ ^tϭϰ&ddK͕ϲϬ'WD&h>>^͕WZ&^ϯϬ&dͲϭϬϬ&d ϯϮϱϯϵ ϯϯϬϬϮϰ W/KEZEdhZ>Z^KhZ^ EŽƌƚŚ^ůŽƉĞŽƌŽƵŐŚ KK'Zh</^>E͕EtKZEZ͕t>>Ϯ͖Wt^t>ϬϬϮ;ĞĐŽŵŵŝƐƐŝŽ>^ϮϱϴϱϬ ϭϬϭ hϬϭϯEϬϬϳϭϭ^^^tE ϳϬ͘ϰϵϰϴϱϲ ͲϭϱϬ͘Ϯϱϭϭϲϱ WƵďůŝĐ^ƵƉƉůǇ ^tϮϱ͘ϰ&ddK͕ϱϬ'WD^ϵϮ&d͕Z/^Z͕W<Z͕^ZE͕ d/>W/W͕W>d>Ktϯ&d^d/<hW/E>h/EZ/E'^ ϯϮϱϰϬ ϯϯϬϬϮϰ W/KEZEdhZ>Z^KhZ^ EŽƌƚŚ^ůŽƉĞŽƌŽƵŐŚ KK'Zh</^>E͕EtKZEZ͕t>>ϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌ >^ϮϱϴϱϬ ϭϬϮ hϬϭϯEϬϬϳϭϭ^^^tE ϳϬ͘ϰϵϱϱϰϱ ͲϭϱϬ͘ϮϱϮϱϲϮ WƵďůŝĐ^ƵƉƉůǇ ^tϮϴ͘ϲ&ddK͕ϱϲ'WD^ϳϰ&d͕Z/^Z͕W<Z͕^ZE͕ d/>W/W͕W>d>Ktϯ&d^d/<hW/E>h/EZ/E'^ ϯϮϲϲϱ ϮϮϬϬϯϳ DKtZKK<^W,ϯͬ,>>Yh>/dz,KD^ͬ:K>>/&& DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DKtZKK<W,ϯdƌ͕ηϰ͖Wt^t>ϬϬϰ;KƌŝŐŝŶĂůͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϴϬ ^ϬϭϳEϬϬϭϬϵEEtEt^ ϲϭ͘ϱϳϳϴϯ Ͳϭϰϵ͘ϮϴϭϮϴ WƵďůŝĐ^ƵƉƉůǇ ^tϭϯ&d͕ϭϬϬн'WDĂŵŵĞŶĚĞĚůŽŐ;ϳͬϭϯͬϬϳͿƐŚŽǁƐŚĂƌĚƉĂŶĂƚ ϮϲͲϯϬĨƚ&h>>^t/d,ϭϬ&d^ZEKEKddKDDz,s EKDD/^^/KE͕DKE/dKZ/E't>> ϯϮϲϳϱ ϮϮϬϭϳϴ /E͕:hE></ZWZ< DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ :hE></ZWZ<>Ϭϲ;t^/EKZZd>z>>>ϬϯͿ͖EŽŶͲW >^ϮϴϱϰϬ ϰϱ ^ϬϭϴEϬϬϮtϮϲEt^EE ϲϭ͘ϲϮϲϭϱϯ Ͳϭϰϵ͘ϱϳϰϴϮϭ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬ͘Ϯϱ&d>^͕ϱϬн'WDZz'ZKhd͘&>Ktd^d^ dKϰϭ&d͕^ZEdKϰϱ&d ϯϮϳϯϯ ϮϮϬϭϳϬ E^ZKE^dZhd/KE DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t^/>>Z<KDDKE^dƌ͕t>>ϭ͕K&&dZhE<ZK͖Wt^t>ϬϬϭ;t>>ϭͿ ϱϮ ^ϬϭϳEϬϬϭϬϯEtEt^t^ ϲϭ͘ϱϴϴϬϱϱ Ͳϭϰϵ͘ϮϱϮϭϭ WƵďůŝĐ^ƵƉƉůǇ ^tϭϯ&d͕ϱϬ'WD&h>>^͕KWEE;͍Ϳ ϯϮϴϮϬ ϮϮϬϰϬϴ sĂůůĞǇhƚŝůŝƚŝĞƐ>ůĐ͕tŝůůŝĂŵƐ&Ăƌŵ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t/>>/D^WK/EdD<E/&ZDEdZ>ϭϬΗt>>ͬ&ZDϳ>^Ϯϲϲϭϲ ϴϬ ^ϬϭϱEϬϬϰtϯϮ^^EEt ϲϭ͘ϯϱϬϲϲϵϵ ͲϭϱϬ͘ϬϯϯϮϵϱ WƵďůŝĐ^ƵƉƉůǇ ^tϰϱ&d>^͕ϭϮϬϬ'WD>>t>>^,s>h>zKs E>KttdZ'Zs>ϭϬΗ^dKϲϮ&d͕Ϯϭ&d^ZE >Kt ϯϮϴϳϲ ϮϰϬϱϱϯ <ĞŶĂŝŽƌŽƵŐŚ͕EŝŶŝůĐŚŝŬ,ŝŐŚ^ĐŚŽŽů <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ E/E/>,/<,/',^,KK>t>>ηϱ͕dyWZ>ϭϱϳϭϱϬϮϴ͖Wt^/ϮϰϬϱϱϯ<W^E Ϯϵϯ ^ϬϬϭ^ϬϭϰtϯϰEE^t^t ϲϬ͘ϬϰϮϰϱϯϴ Ͳϭϱϭ͘ϲϳϱϮϲϮ WƵďůŝĐ^ƵƉƉůǇ ^tϵϰ&ddK͕ϲϲ'WDϲΗ^dKϭϰϵ&d͕Ws>/EZdKϮϴϯ&d͕ ^ZEdKϮϵϯ&d ϯϮϴϴϳ ϮϮϬϭϳϰ ͕>> DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ^,KtDKhEd/E>Ϭϰ͕EKZd,Kh>ZKEW>DZ,tz͖Wt^t>ϬϬ ϯϬϬ ^ϬϭϳEϬϬϭϬϯ^t^tEtEt ϲϭ͘ϱϵϲϬϳ Ͳϭϰϵ͘Ϯϲϴϱϱ WƵďůŝĐ^ƵƉƉůǇ ^tϮϴ͘ϳ&ddK͕ϲ'WDZ/>>Z/E>hϮ͘ϱ&d/EWd, Z/E'^^dKϭϰϬ͘ϯ&d͕KWE,K>͕WZ&^ϭϬϭ&ddKϭϬϲ &dt>>ϭ ϯϮϴϵϬ ϮϮϬϭϳϬ E^ZKE^dZhd/KE DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t^/>>Z<KDDKE^dƌ͕t>>Ϯ͖Wt^t>ϬϬϮ;t>>ϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď ϳϭ ^ϬϭϳEϬϬϭϬϯEtEt^t^ ϲϭ͘ϱϴϴϯϱϰ Ͳϭϰϵ͘ϮϱϮϮϴϭ WƵďůŝĐ^ƵƉƉůǇ ^tϮϬ&ddK͕ϭϱϬн'WD^Eϱ&d^ZEdKϲϵ&d ϯϮϴϵϭ ϮϮϬϮϭϱ dZEYh/>>WZdDEd^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ZEdtKK^dd^>ϭϵϯ͕^dt>>͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀ>^ϮϲϲϵϮ ϭϯϮ ^ϬϭϳEϬϬϭϬϱ^t^t^^t ϲϭ͘ϱϴϱϮϵϱ Ͳϭϰϵ͘ϯϮϭϴϵϮ WƵďůŝĐ^ƵƉƉůǇ ^tϲϳ͘ϱ&d͕Ϯϯ'WD͕EKt>>>K'^t/d,^ZE&ZKD ϭϮϮ&ddKϭϯϮ&d ϯϮϵϬϬ Ϯϭϴϳϱϳ sŽůƵŶƚĞĞƌƐKĨŵĞƌŝĐĂ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ZEZdƌ<ϭϯ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϴϲ ^ϬϭϰEϬϬϭtϭϵ^t^t^Et ϲϭ͘ϮϴϵϵϮϱ Ͳϭϰϵ͘ϱϯϭϰϬϴ WƵďůŝĐ^ƵƉƉůǇ ^tϯϬ&ddK͕ϵ'WD^dKϲϯ͘ϰ&d͕KWE,K> ϯϮϵϱϱ ϯϭϮϰϱϳ EKZd,^dZZEd>^ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ sZ^ddƌ͕Khd^/Kh>ssZϮϱϮϭ͖Wt^t>ϬϬϮ͖>ŽĐ >^ϮϲϲϭϮ ϲϬ &ϬϬϮ^ϬϬϮϭϬ^tEtE^t ϲϰ͘ϳϱϰϬϴϰ Ͳϭϰϳ͘ϯϯϮϮϲϱ WƵďůŝĐ^ƵƉƉůǇ ^tϭϮ&d͕ϲϱ'WDWEϰϬ&dt>>z'KZ'D/>>Z KE^dZhd/KEϲͬϮϭͬϬϳ&h>>^͕KWEE ϯϮϵϱϲ ϯϭϮϱϬϰ EKZd,^dZZEd>^ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ <Z/^<Z/E'>dƌϮͬsZ^ddƌ͕D/^^/KEZKϮϱϰϱ͖Wt>^ϮϲϲϮϴ ϲϬ &ϬϬϮ^ϬϬϮϭϬ^EtE^t ϲϰ͘ϳϱϯϲϵϭϭ Ͳϭϰϳ͘ϯϯϬϲϬϬϰ WƵďůŝĐ^ƵƉƉůǇ ^tϭϭ&d͕ϳϬ'WD&h>>^͕KWEE ϯϮϵϴϮ ϮϮϬϮϭϲ ZhE͕^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ^EzZ^>Ϭϰ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϭϳ ^ϬϭϳEϬϬϭϬϱ^^^t^t ϲϭ͘ϱϴϱϯϬϰ Ͳϭϰϵ͘ϯϮϮϬϵϲ WƵďůŝĐ^ƵƉƉůǇ ^tϲϯ&d͕ϮϬ'WDϬϭϱͲϱϬϭͲϰϯ&h>>^͕KWEE ϯϯϬϯϭ ϮϲϬϰϭϰ /dzK&K>z ůĞƵƚŝĂŶƐĂƐƚŽƌŽƵŐŚ Wt^/ϮϲϬϰϭϰK>z͕t>ϬϬϰ;K>zt>>ηϯ͖Ett>>ϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨ ϮϬϬ ^Ϭϱϳ^ϬϴϵtϯϲEEt^tE ϱϱ͘ϮϬϯϲϲϯ ͲϭϲϮ͘ϳϭϭϰϲ WƵďůŝĐ^ƵƉƉůǇ ^tϱϰ&d͕ϰϮ'WD^dKϭϵϯ&d͕^ZEϭϴϵ&ddKϭϵϵ&d ϯϯϬϯϱ ϮϱϬϰϮϳ sZ'ZEd/DZ͕&K'E< <ŽĚŝĂŬ/ƐůĂŶĚŽƌŽƵŐŚ &K'E/^>E͕E'Zz>K''/E'DWt>>ϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞ ϮϬϲ ^ϬϮϰ^ϬϮϬtϭϲEEtEE ϱϴ͘ϭϬϯϭϳ ͲϭϱϮ͘ϱϱϭϳϳ WƵďůŝĐ^ƵƉƉůǇ ^tϮϮ&d͕ϱ͘ϭ'WD^dKϭϯ&d͕KWE,K>͕Ws>/EZϲ&d dKϮϬϲ&d ϯϯϬϱϴ ϮϱϬϰϮϳ sZ'ZEd/DZ͕&K'E< <ŽĚŝĂŬ/ƐůĂŶĚŽƌŽƵŐŚ &K'E/^>E͕E'Zz>K''/E'DWt>>Ϯ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞ ϰϰϲ ^ϬϮϰ^ϬϮϬtϭϲ^^EE ϱϴ͘ϭϬϬϴϵ ͲϭϱϮ͘ϱϰϵϰϴ WƵďůŝĐ^ƵƉƉůǇ ^tнϮ&d͕ϲ͘ϳ'WD^dKϮϬ&d͕Ws>/EZdKKddKD ϯϯϬϳϬ ϮϮϰϯϯϳ ƵƐŬŝƌŬ͕D DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ tĞůůϬϬϭ^,EDz^dd^dƌ͕&KZ>ϭͲϭϲϭE>ϭͲϭϴϮ>>^Ϯϵϭϳ ϭϬϬ ^ϬϭϴEϬϬϭϯϬEtE^t^ ϲϭ͘ϲϭϳϮϮϵϱ Ͳϭϰϵ͘ϯϯϵϮϬϯ WƵďůŝĐ^ƵƉƉůǇ EKt>>>K' ϯϯϭϬϯ Ϯϰϵϰϯϰ ''Z͕D <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ t/>>KtZKK<EKZd,>Ϯϲϲ͕t>>ηϯ͖Wt^t>ϬϬϯ͖>ŽĐĂƚŝŽŶǀĞƌ>^ϮϮϮϵϰ ϭϱϬ ^ϬϬϱEϬϭϭtϭϱ^^^^ ϲϬ͘ϱϭϳϯϯϭ Ͳϭϱϭ͘ϭϳϱϬϱϯ WƵďůŝĐ^ƵƉƉůǇ ^tϱϬ&ddK͕ϭϭϬ'WD^dKϭϰϱ&d͕^ZEdKϭϱϬ&d ϯϯϭϮϲ ϮϮϬϬϯϳ DKtZKK<^W,ϯͬ,>>Yh>/dz,KD^ͬ,KDZtdZDĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DKtZKK<W,ϯdƌ͕ηϱ͖Wt^t>ϬϬϱ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^Ϯϳϯϭϰ ϴϬ ^ϬϭϳEϬϬϭϬϵEEtEt^ ϲϭ͘ϱϳϳϴϬϱ Ͳϭϰϵ͘Ϯϴϭϰϭ WƵďůŝĐ^ƵƉƉůǇ ^tϭϮ&d͕ϭϬϬн'WD;d^dϱͬϮϵͬϬϴͲϭϭ͘ϱ&d͕ϮϮϬ'WDͿ EϲϭΖϯ͘ϲϲϳtϭϰϵΖϭϲ͘ϴϴϱ&h>>^t/d,ϭϬ&d^ZEKE KddKD ϯϯϭϯϮ ϯϴϬϵϰϳ dŽŬtĞƐƚŵĂƌŬ,ŽƚĞů zƵŬŽŶ&ůĂƚƐZ h^^ϮϳϮϱ͕>Ϭϭ͕>ϬϮ͕>ϴϬ͕>ϵϴ;ϵϭhE/d^Ϳ͖Wt^t>ϬϬϮ;t>>ηϮͿ͖>Ž>^ϮϲϴϴϮ ϭϬϬ ϬϭϴEϬϭϯϭϴ^tE^t^ ϲϯ͘ϯϯϱϱϰϬϭ ͲϭϰϮ͘ϵϴϴϵϭϰ WƵďůŝĐ^ƵƉƉůǇ ^tϲϬ&d͕^d/DdϮϬ'WD;h^/^ϭϯϲϱϬ'WͿ ϯϯϭϱϮ ϮϲϬϴϮϬ h^W,^͕EhEW/d,h< >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ EhEW/d,h<͕^,KK>͕d,Z,Kh^/E'͕Wh>/tdZ͖Wt>^Ϯϲϯϴϭ Ϯϰϰ ^ϬϬϵEϬϳϰtϬϱEt^Et^t ϲϬ͘ϴϵϲϴϰ ͲϭϲϮ͘ϰϱϲϱ WƵďůŝĐ^ƵƉƉůǇ ^tϭϮ͘Ϯϱ&d͕ϮϬ'WD&h>>z^t/d,ϭϬ&d^ZE ϯϯϮϰϭ ϮϮϭϴϯϰ ^ĞƚƚůĞƌǭƐĂǇtĂƚĞƌhƚŝůŝƚǇͬDŝůĞϴhƚŝůŝƚŝĞƐͬ^ƉŝŶĞů DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DKK^Z/'^dd^>ϬϲϮ;h^Ͳ^dd>Z^zͿ͖Wt^/ϮϮϭϴϯϰ^dd>Z^z ϮϬϬ ^ϬϭϳEϬϬϮtϯϰ^EEt^t ϲϭ͘ϱϭϵϭϭϱϰ Ͳϭϰϵ͘ϲϮϱϱϵϱ WƵďůŝĐ^ƵƉƉůǇ ^tϭϯϱ&d͕ϯϱϬ'WD^dKϭϳϯ&d͕^ZEdKϭϴϳ&d ϯϯϮϴϬ ϮϮϬϰϭϰ /ŵŵĂŶƵĞůĂƉƚŝƐƚŚƵƌĐŚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϬϬϲϭϬ͕ϵϱϱ^Khd,dZhE<ZK͕/DDEh>Wd/^d,hZ,>^ϮϳϭϮϬ ϭϴϭ ^ϬϭϳEϬϬϭϭϬEE^^t ϲϭ͘ϱϳϰϭϰϲϯ Ͳϭϰϵ͘ϮϱϱϮϰϵ WƵďůŝĐ^ƵƉƉůǇ ^tϵϬ&d>^͕ϭϬϬ'WD^t/d,ϭϬ&d^ZE ϯϯϮϴϰ ϮϮϬϭϳϯ /Z,ZhE^dd^ͬ,>>Yh>/dz,KD^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϬϬϯ͕/Z,ZhE^dd^dƌ͖Wt^t>ϬϬϭ;ϲͲŝŶtĞůůϮͿ͖>ŽĐĂƚŝŽŶ>^ϮϳϬϭϱ ϮϮϲ ^ϬϭϳEϬϬϮtϮϰ^^t^Et ϲϭ͘ϱϰϵϳϱ Ͳϭϰϵ͘ϱϲϬϭϲ WƵďůŝĐ^ƵƉƉůǇ ^t͍&d͕ϱϬн'WD&KZWE/E'WE&ZKDϮϭϱ&d KEϱͬϭϭͬϮϬϬϳt,dKEtdZt>>^&h>>ϲΗ^Eϱ&d ^ZEdKddKD^tϭϯϰ&d͕ϭϬϬн'WD&dZWE/E' &ZKDϮϭϱ&d ϯϯϮϴϱ ϮϮϬϭϳϯ /Z,ZhE^dd^ͬ,>>Yh>/dz,KD^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϬϬϯ͕/Z,ZhE^dd^dƌ͖Wt^t>ϬϬϮ;ϴͲŝŶtĞůůϭͿ͖>ŽĐĂƚŝŽŶ>^ϮϳϬϭϱ ϮϮϴ ^ϬϭϳEϬϬϮtϮϰ^^t^Et ϲϭ͘ϱϰϵϵ Ͳϭϰϵ͘ϱϲϬϮ WƵďůŝĐ^ƵƉƉůǇ ^tϭϯϰ&d͕ϮϬϬн'WD&h>>ϴΗ^E^ZE ϯϯϮϵϳ Ϯϳϭϱϯϴ hƐĞƉƚKĨ/ŶƚĞƌŝŽƌ͕&ŝƐŚΘtŝůĚůŝĨĞ^ĞƌǀŝĐĞ͕ĞƚŚĞů,Ƌ h^&/^,Et/>>/&,YhZdZ^͕d,>͖Wt^/Ϯϳϭϱϯϴh^&t^zh<KEϰϲϱ ^ϬϬϴEϬϳϭtϭϳ^tEtEtE ϲϬ͘ϳϴϵϮϲϬϵ Ͳϭϲϭ͘ϳϴϬϭϵϳ WƵďůŝĐ^ƵƉƉůǇ ^tϰϯ&d͕ϴϬн'WD&ZKEϱ&ddKϰϱϮ&d͕WZD&ZK^d&h>> ^t/d,ϭϬ&d^ZE^d ϯϯϯϳϲ ϯϵϬϭϰϲ E>/^,KK>/^dZ/d͕Edt>>^,KK> ĞŶĂůŝŽƌŽƵŐŚ Edt>>^,KK>͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϱϴ &Ϭϭϳ^ϬϬϳtϯϯEt^t^^ ϲϯ͘ϯϵϮϲϭ Ͳϭϰϴ͘ϴϵϰϵϴ WƵďůŝĐ^ƵƉƉůǇ ^tϭϯ͘Ϯ&d͕ϰϬн'WD&h>>^͕WZ&KZdϱϭ&ddKϱϲ&d ϯϯϰϮϲ ϮϮϬϬϮϵ ŽƵŶƚƌǇ&ŝĞůĚtĂƚĞƌŽ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ KhEdZz&/>^dd^t>>ϯ͖Wt^/ϮϮϬϬϮϵKhEdZz&/>tdZK͕͘t>Ϭ ϮϮϬ ^ϬϭϳEϬϬϭϬϲ^tEtEt^t ϲϭ͘ϱϵϭϯϬϴϲ Ͳϭϰϵ͘ϯϱϵϭϭϲ WƵďůŝĐ^ƵƉƉůǇ ^tϰϲ&d>^͕ϭϬϬн'WD^dKϮϭϭ&d͕ϵ&d^ZEyWK^ ϯϯϰϯϵ ϮϮϯϯϭϱ ^EKt^,KtdZ^z^dD;':K,E^KEͿ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ >z^>Z/sϭϱϴϭ͕EZ^EKt^,K^,KK>͖Wt^/ϮϮϯϯ>^ϮϳϱϬϲ ϱϰϬ ^ϬϭϳEϬϬϭtϮϵE^tE^t ϲϭ͘ϱϯϮϲϱϮ Ͳϭϰϵ͘ϱϬϬϰϲϮ WƵďůŝĐ^ƵƉƉůǇ ^tϱ&ddK͕ϯϯ'WD^,>>KtZtdZ;Λϯϲϱ&dEϱϬϬ &dͿ,^Z^E/ϲΗ,sz^/E't/d,ϭϬ&d^ZE KddKD ϯϯϲϭϲ ϯϳϬϲϮϱ hE/d^dd^/Z&KZ͕/>^KE&Ͳh^K &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ />^KE&͕&/ZE<^͕t>>&͕ZW>^t>>͖Wt^t>ϬϬϴ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞ ϭϲϱ &ϬϬϯ^ϬϬϯϭϭEEtE^ ϲϰ͘ϲϲϴϯϱ Ͳϭϰϳ͘Ϭϳϴϲ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬ&ddK͕ϭϴϬϬ'WD^dKϭϭϰ&d͕^ZE^^D>z t/d,W>ddϭϲϬ&d ϯϯϲϯϰ ϮϲϬϭϵϳ ŝůůŝŶŐŚĂŵ͕ŝƚǇKĨ͕,ŝŐŚ^ĐŚŽŽů ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ />>/E',D,/',^,KK>WZ</E'>Kd͕/>>/E',Dt>>ηϱ͖Wt^/ϮϲϬϭϵϳ/ϵϰ ^Ϭϭϯ^Ϭϱϱtϭϲ^^t^^t ϱϵ͘ϬϰϯϭϬϵϵ Ͳϭϱϴ͘ϰϲϱϴϵϳ WƵďůŝĐ^ƵƉƉůǇ ^tϰϳ&ddK͕ϭϬϬ'WDWZKWZ>z'ZKhd^dKϴϰ&d͕ ^ZEdKϵϭ&d ϯϯϲϯϳ ϯϳϭϳϲϬ tĞĂƐĞ͕D &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ Z/,Z^KE,/',tzϲϱϲϱ͕^>,͖Wt^/ϯϳϭϳϲϬ<EKddz^,>^ϮϳϮϰϵ ϲϬ &ϬϬϰ^ϬϬϯϭϯEtE^E ϲϰ͘ϱϳϬϲϴϲϯ Ͳϭϰϳ͘Ϭϰϯϴϱϰ WƵďůŝĐ^ƵƉƉůǇ ^tϴ&ddK͕ϮϬ'WD^dKϱϴ&d͕KWEE ϯϯϲϰϲ ϮϮϬϭϯϱ sEE>Dͬ&/>K&s/tWZ<Ͳt>>Ϯ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ &/>K&s/tW<ϯW,ϭdZd;&hZd,Z&ZKD>Kd^Ϳt>>ϳ;ηϮͿ͖Wt^t ϯϰϬ ^ϬϭϴEϬϬϭϭϴEtEEE ϲϭ͘ϲϱϳϭϳ Ͳϭϰϵ͘ϯϯϮϮϱ WƵďůŝĐ^ƵƉƉůǇ ^tϭϭϲ&d>^͕ϭϬ'WDhZZEd>z/Eh^͕Z&ZZdK^ t>>ηϮ^dKϰϰ&d͕>/EZdKKddKDt^/>>&/^,KK<Θ /'ZK<ZK͕KDD/^/KE͍ ϯϯϳϲϯ ϮϲϮϮϯϴ /dzK&''/< >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ h^^ϰϵϬϬdƌ>ϯ͕t>>ηϯ͖Wt^t>ϬϬϯ;t>>ηϯͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞ>^ϮϵϮϮϬ ϭϯϱ ^ϬϮϯ^ϬϱϬtϬϭ^^tE^ ϱϴ͘ϮϬϴϱϰ Ͳϭϱϳ͘ϯϳϰϰϰ WƵďůŝĐ^ƵƉƉůǇ ^tϱϵ&ddK͕ϲϬ'WD&h>>^͕^ZEϭϮϭ&ddKϭϯϱ &d͕W>d ϯϯϳϲϰ ϮϲϮϮϯϴ ŝƚǇKĨŐĞŐŝŬ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ h^^ϰϵϬϬdƌ>ϯ͖Wt^t>ϬϬϱ;t>>ηϱͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ >^ϮϵϮϮϬ ϭϰϳ ^ϬϮϯ^ϬϱϬtϬϭEt^E^ ϱϴ͘ϮϬϵϲϲ Ͳϭϱϳ͘ϯϳϰϮ WƵďůŝĐ^ƵƉƉůǇ ^tϲϬ&ddK͕͍'WD&h>>^͕^ZEϭϰϬ&ddKϭϰϱ&d ϯϯϳϲϱ ϮϲϮϮϯϴ ŝƚǇKĨŐĞŐŝŬ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ h^^ϰϵϬϬdƌ>ϯ͖Wt^t>ϬϬϲ;t>>ηϲͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ >^ϮϵϮϮϬ ϭϰϳ ^ϬϮϯ^ϬϱϬtϬϭEtE^^ ϱϴ͘ϮϬϳϴϵ Ͳϭϱϳ͘ϯϳϯϮϮ WƵďůŝĐ^ƵƉƉůǇ ^tϭ&ddK͕ϱ'WD&h>>^͕^ZEϭϭϯ&ddKϭϭϴ&d ϯϯϵϭϮ ϮϲϬϭϵϳ />>/E',D͕/dzK&͕tdZdZdDEdW>Ed ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ />>/E',DtdZdZdDEdW>Ed͕^KZEZ͖Wt^t>ϬϬϮ;t>>ηϭͲK ϴϴ ^Ϭϭϯ^ϬϱϱtϮϭEtEtEtE ϱϵ͘ϬϰϭϵϮ Ͳϭϱϴ͘ϰϲϬϭϮ WƵďůŝĐ^ƵƉƉůǇ ^tϳϮ&d͕͍'WD͕WZKWZ>zKDD/^^/KEzDͲt Z/>>/E'KZ/'/E>Z/>>ZhE<EKtE&h>>^͕KWEE͕ WZKWZ>zKDD/^^/KEϵͬϭϮͬϮϬϭϬ ϯϯϵϳϯ ϮϱϬϰϮϳ sZ'ZEd/DZ͕&K'E< <ŽĚŝĂŬ/ƐůĂŶĚŽƌŽƵŐŚ &K'E</^>E͕E'Zz͕sZ'ZEd/DZt>>ϯ͖Wt^t>ϬϬϯ͖>ŽĐĂƚŝŽ ϯϬϲ ^ϬϮϰ^ϬϮϬtϭϲEEtEE ϱϴ͘ϭϬϯϮϯ ͲϭϱϮ͘ϱϱϭϳϭ WƵďůŝĐ^ƵƉƉůǇ ^tϮϭ&d͕ϱ'WD^dKϮϬ&d͕>/EZdKKddKDZ/>>Z /E>h^^d/<hW;нͬͲϮ&dͿ/EWd,Z/E'^ ϯϯϵϳϰ ϮϱϬϰϮϳ sZ'ZEd/DZ͕&K'E< <ŽĚŝĂŬ/ƐůĂŶĚŽƌŽƵŐŚ &K'E</^>E͕E'Zz͕sZ'ZEd/DZt>>ϰ͖Wt^t>ϬϬϰ͖>ŽĐĂƚŝŽ ϮϬϲ ^ϬϮϰ^ϬϮϬtϭϲEt^tEE ϱϴ͘ϭϬϭϰϵ ͲϭϱϮ͘ϱϱϯϬϴ WƵďůŝĐ^ƵƉƉůǇ ^tϭϱ&d͕ϰ'WD^dKϮϬ&d͕>/EZdKKddKDZ/>>Z /E>h^^d/<hW;нͬͲϮ&dͿ/EWd,Z/E'^ ϯϯϵϳϱ ϯϭϬϲϳϱ /dzK&EKZd,WK> &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ EKZd,WK>͕Ett>>^/d͕t>>͖Wt^t>ϬϬϱ͖>ŽĐĂƚŝŽŶǀĞƌŝ >^ϮϳϴϵϮ ϭϲϲ &ϬϬϮ^ϬϬϮϭϱ^E^Et ϲϰ͘ϳϰϮϴϲ Ͳϭϰϳ͘ϯϮϲϵϴ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬ&d͕ϭϮϬϬ'WD^dKϭϮϬ&d͕^ZE^^D>zdK KddKD͕W>dZ/>>Z/E>hϯ&d^d/<hW/EWd, Z/E'^ ϯϯϵϳϲ ϯϭϬϲϳϱ /dzK&EKZd,WK> &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ EKZd,WK>͕Ett>>^/d͕t>>͖Wt^t>ϬϬϲ͖>ŽĐĂƚŝŽŶǀĞƌŝĨ>^ϮϳϴϵϮ ϭϴϯ &ϬϬϮ^ϬϬϮϭϱ^E^Et ϲϰ͘ϳϰϮϳϱ Ͳϭϰϳ͘ϯϮϲϴϯ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬ&d͕ϭϮϬϬ'WD^dKϭϰϱ&d͕^ZE^^D>zdK KddKD͕W>d ϯϰϬϮϮ ϮϮϱϲϬϭ >^<,Kd>WZKWZd/^ͬWZ/E^^dKhZ^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WZ<^,/',tzDϭϯϯ͘Ϭ͕,h>/dE͕t>>ϭ͖Wt^t>ϬϬϭ;t>>ηϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝ ϯϮϬ ^ϬϮϵEϬϬϱtϯϯ^Et^^t ϲϮ͘ϱϱϰϳϰϴ ͲϭϱϬ͘ϮϮϱϮϮϯ WƵďůŝĐ^ƵƉƉůǇ ^tϮϮϱ&d͕ϭϬϲ'WDϰ,KhZWhDWd^ddd,&h>>^͕ KWEE ϯϰϬϮϯ ϮϮϱϲϬϭ >^<,Kd>WZKWZd/^ͬWZ/E^^dKhZ^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WZ<^,/',tzDϭϯϯ͘Ϭ͕,h>/dE͕t>>Ϯ͖Wt^t>ϬϬϮ;t>>ηϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝ ϯϰϯ ^ϬϮϵEϬϬϱtϯϯEtEt^^t ϲϮ͘ϱϱϱϲϭϲ ͲϭϱϬ͘ϮϮϱϴϰϯ WƵďůŝĐ^ƵƉƉůǇ ^tϮϯϳ&d͕ϭϬϬ'WDϰ,KhZWhDWd^ddd,&h>>^͕ KWEE ϯϰϬϮϰ ϮϮϱϲϬϭ >^<,Kd>WZKWZd/^ͬWZ/E^^dKhZ^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WZ<^,/',tzDϭϯϯ͘Ϭ͕,h>/dE͕t>>ϯ͖Wt^t>ϬϬϯ;t>>ηϯͿ͖>ŽĐĂƚŝŽŶǀĞƌŝ ϯϮϬ ^ϬϮϵEϬϬϱtϯϯ^t^Et^t ϲϮ͘ϱϱϲϴϳϲ ͲϭϱϬ͘ϮϯϭϭϮϴ WƵďůŝĐ^ƵƉƉůǇ ^tϮϬϱ&d͕ϭϬϬ'WDϰ,KhZWhDWd^ddd,&h>>^͕ KWEE ϯϰϬϮϱ ϮϮϱϲϬϭ >^<,Kd>WZKWZd/^ͬWZ/E^^dKhZ^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WZ<^,/',tzDϭϯϯ͘Ϭ͕,h>/dE͕t>>ϰ͖Wt^t>ϬϬϰ;t>>ηϰͿ͖>ŽĐĂƚŝŽŶǀĞƌŝ Ϯϵϯ ^ϬϮϵEϬϬϱtϯϯEt^Et^t ϲϮ͘ϱϱϳϳϲϲ ͲϭϱϬ͘ϮϮϵϱϱϱ WƵďůŝĐ^ƵƉƉůǇ ^tϭϴϱ&d͕ϭϬϬ'WDϰ,KhZWhDWd^ddd,&h>>^͕ KWEE ϯϰϬϰϱ ϮϰϳϰϵϬ ŶĐŚŽƌWŽŝŶƚ^ĂĨĞtĂƚĞƌ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ hE<EKtE>Kd͕,KDZ͖^ĂŵĞĂƐtĞůů>ŽŐϯϰϭϵϯ͖Wt^/ϮϰϳϰϵϬ>^ϮϳϵϱϬ ϴϳ ^ϬϬϰ^Ϭϭϱtϯϰ^tEtEt^ ϱϵ͘ϳϴϱϬϰϭϴ Ͳϭϱϭ͘ϴϯϳϱϱϱ WƵďůŝĐ^ƵƉƉůǇ ^tϰϲ&d͕ϴϬ'WD^dKϳϰ&d͕^ZEdKϴϯ&d͕'ZKhd ϯϰϬϰϵ ϮϮϬϰϬϴ sĂůůĞǇhƚŝůŝƚŝĞƐ>ůĐ͕tŝůůŝĂŵƐ&Ăƌŵ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'KK^Z<KZZd/KE>EdZt/>>/Dǭ^&ZDϭ͖Wt^/ϮϮϬϰϬϴs>>zϲϲ ^ϬϭϱEϬϬϰtϯϮ^t^tEtE ϲϭ͘ϯϱϬϰϯϳϮ ͲϭϱϬ͘ϬϯϮϯϬϯ WƵďůŝĐ^ƵƉƉůǇ ^tϱϬ&d͕ϰϮϱ'WD^t/d,ϭϬ&d^ZEdKddKD ϯϰϬϱϬ ϮϮϬϰϬϴ sĂůůĞǇhƚŝůŝƚŝĞƐ>ůĐ͕tŝůůŝĂŵƐ&Ăƌŵ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'KK^Z<KZZd/KE>EdZt/>>/Dǭ^&ZDϮ͖Wt^/ϮϮϬϰϬϴs>>zϳϯ ^ϬϭϱEϬϬϰtϯϮEtEt^tE ϲϭ͘ϯϱϬϭϲϮϱ ͲϭϱϬ͘ϬϯϮϯϭϴ WƵďůŝĐ^ƵƉƉůǇ ^tϰϵ&d͕ϴϱϬ'WD^t/d,ϭϱ&d^ZEdKddKD ϯϰϬϱϭ ϮϮϬϰϬϴ sĂůůĞǇhƚŝůŝƚŝĞƐ>ůĐ͕tŝůůŝĂŵƐ&Ăƌŵ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'KK^Z<KZZd/KE>EdZt/>>/Dǭ^&ZDϯ͖Wt^/ϮϮϬϰϬϴs>>zϳϱ ^ϬϭϱEϬϬϰtϯϮEtEt^tE ϲϭ͘ϯϰϵϴϵϱϱ ͲϭϱϬ͘ϬϯϮϯϬϯ WƵďůŝĐ^ƵƉƉůǇ ^tϱϬ&d͕ϵϬϬ'WD^t/d,ϭϱ&d^ZEdKddKD ϯϰϬϱϮ ϮϮϬϰϬϴ sĂůůĞǇhƚŝůŝƚŝĞƐ>ůĐ͕tŝůůŝĂŵƐ&Ăƌŵ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'KK^Z<KZZd/KE>EdZt/>>/Dǭ^&ZDϰ͖Wt^/ϮϮϬϰϬϴs>>zϳϰ ^ϬϭϱEϬϬϯtϭϳ ϲϭ͘ϯϰϵϲϭϳ ͲϭϱϬ͘ϬϯϮϯϬϯ WƵďůŝĐ^ƵƉƉůǇ ^tϲϯ&d͕ϴϮϱ'WD^t/d,ϭϬ&d^ZEdKddKD ϯϰϬϱϯ ϮϮϬϰϬϴ sĂůůĞǇhƚŝůŝƚŝĞƐ>ůĐ͕tŝůůŝĂŵƐ&Ăƌŵ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'KK^Z<KZZd/KE>EdZt/>>/Dǭ^&ZDϱ͖Wt^/ϮϮϬϰϬϴs>>zϳϮ ^ϬϭϱEϬϬϰtϯϮ^tEt^tE ϲϭ͘ϯϰϵϯϰϮϯ ͲϭϱϬ͘ϬϯϮϯϬϯ WƵďůŝĐ^ƵƉƉůǇ ^tϲϯ&d͕ϳϰϬ'WD^t/d,ϭϱ&d^ZEdKddKD ϯϰϬϱϰ ϮϮϬϰϬϴ sĂůůĞǇhƚŝůŝƚŝĞƐ>ůĐ͕tŝůůŝĂŵƐ&Ăƌŵ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'KK^Z<KZZd/KE>EdZt/>>/Dǭ^&ZDϲ͖Wt^/ϮϮϬϰϬϴs>>zϳϬ ^ϬϭϱEϬϬϰtϯϮ^tEt^tE ϲϭ͘ϯϰϵϮϭϮϲ ͲϭϱϬ͘ϬϯϮϯϭϴ WƵďůŝĐ^ƵƉƉůǇ ^tϱϰ͘ϱ&d͕ϯϱϬ'WD^t/d,ϭϱ&d^ZE^^D>zd KddKD >ŽŐ/Ě Wt^/ KǁŶĞƌ ZĞŐŝŽŶ WĂƌĐĞůĞƐĐƌŝƉƚŝŽŶ >^ tĞůů ĞƉƚŚ DdZ^ >ĂƚŝƚƵĚĞ >ŽŶŐŝƚƵĚĞ tĞůůhƐĞ ƌŝůůĞƌƐŽŵŵĞŶƚƐ ^ƚĂƚĞǁŝĚĞWƵďůŝĐtĞůůƐͲt>d^ ϯϰϬϱϵ ϮϮϬϭϯϱ K^/^tdZ>>;&/>K&s/tͿ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ &/>K&s/tydE^/KE&KZt>>&/>͕t>>ϯ͖Wt^t>ϬϬϰ>^Ϯϱϭϱϴ ϰϰ ^ϬϭϴEϬϬϭϬϳEt^^^t ϲϭ͘ϲϱϴϵϴ Ͳϭϰϵ͘ϯϰϳϬϵ WƵďůŝĐ^ƵƉƉůǇ ^tϳ&d͕ϲϬн'WD^dKϯϱ&d͕^ZE>Ktt>,Θ KsZK^͕EZ>/dd>^h^/dEZ/sZ ϯϰϬϳϱ ϯϯϬϬϳϬ ŶŝWĞƚƌŽůĞƵŵ EŽƌƚŚ^ůŽƉĞŽƌŽƵŐŚ K>/<dK<WK/Edt>>ηϭ͖Wt^/ϯϯϬϬϳϬE/WdZKK>/<dK<ͬKWW>^ϮϵϲϬϲ hϬϭϯEϬϬϵϬϱEt^^tE ϳϬ͘ϱϭϬϮϱϯ Ͳϭϰϵ͘ϴϲϵϱϯϭ WƵďůŝĐ^ƵƉƉůǇ ƌŝůůĞĚĂƚϰϱͲĚĞŐƌĞĞ͕dсϴϬ͘ϱĨĞĞƚ͕dsсϱϳĨĞĞƚ͘^tϮϰ&d͕ϯϴ 'WD͕^>d^E^ZE ϯϰϬϳϲ ϯϯϬϬϳϬ ŶŝWĞƚƌŽůĞƵŵ EŽƌƚŚ^ůŽƉĞŽƌŽƵŐŚ K>/<dK<WK/Edt>>ηϮ͖Wt^/ϯϯϬϬϳϬE/WdZKK>/<dK<ͬKWWΘE/</d,hYͬEK͕t>ϬhϬϭϯEϬϬϵϬϱ^t^^tE ϳϬ͘ϱϭϬϭϭϳ Ͳϭϰϵ͘ϴϲϵϯϭϲ WƵďůŝĐ^ƵƉƉůǇ ƌŝůůĞĚĂƚϰϱͲĚĞŐƌĞĞƐůĂŶƚ͕dсϴϬ͘ϱĨĞĞƚ͕dsсϱϳĨĞĞƚ͘^tϰϬ&d͕ ϰϬ'WD͕^>d^E^ZE ϯϰϬϳϳ ϯϯϬϬϳϭ E/WdZK>hD EŽƌƚŚ^ůŽƉĞŽƌŽƵŐŚ ^Wz/^>EtĞůůηϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^Ϯϵϱϱϭ ϳϮ hϬϭϰEϬϬϵϭϵ^^EtE ϳϬ͘ϱϱϲϯϲϭ Ͳϭϰϵ͘ϵϬϵϮϰϱ WƵďůŝĐ^ƵƉƉůǇ ^tϮϰ͘ϱ&d͕ϱϬ'WD͕^>d^E^ZE ϯϰϬϳϴ ϯϯϬϬϳϭ E/WdZK>hD EŽƌƚŚ^ůŽƉĞŽƌŽƵŐŚ ^Wz/^>EηϮ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϳϰ hϬϭϰEϬϬϵϭϵ^^EtE ϳϬ͘ϱϱϲϮϰϳ Ͳϭϰϵ͘ϵϬϵϰϴ WƵďůŝĐ^ƵƉƉůǇ ^tϮϲ&d͕ϰϵ'WD͕^>d^E^ZE ϯϰϭϴϵ ϯϲϬϳϴϱ ŝƚǇKĨEƵůĂƚŽ zƵŬŽŶͲ<ŽǇƵŬƵŬZ ><ZZz^dZdEE/<',hE^dZd͕Eh>dK͕Wt^/ϯϲϬ>^ϮϴϯϮϭ Ϯϰϱ <ϬϬϵ^ϬϬϰϭϴ ϲϰ͘ϳϯϵϰϯϯϯ Ͳϭϱϴ͘ϭϬϵϯϰϰ WƵďůŝĐ^ƵƉƉůǇ ^tϳϱ&d͕ϭϱ'WDd>^d/',dKd,Zt>>^EZzͲ^ ϮEW'^dKϮϯϬ&d͕WZ&ϵϬ&ddKϮϯϬ&d ϯϰϭϵϯ ϮϰϳϰϵϬ ŶĐŚŽƌWŽŝŶƚ^ĂĨĞtĂƚĞƌ;ĐŽŵŵƵŶŝƚǇĞŶƚĞƌͿ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ 'ZEZK^^,/>>^Ϯdƌϭ;ϮEt>>͍Ϳ͖^ĂŵĞĂƐtĞůů>ŽŐϯϰϬϰϱ͖Wt>^ϮϳϵϱϬ ϴϳ ^ϬϬϰ^Ϭϭϱtϯϰ^tEtEt^ ϱϵ͘ϳϴϱϬϰϭϴ Ͳϭϱϭ͘ϴϯϳϱϱϱ WƵďůŝĐ^ƵƉƉůǇ ^tϰϲ&ddK͕ϴϬ'WD^dKϳϰ&d͕^ZEdKϴϯ&d ϯϰϭϵϳ ϮϰϭϬϱϰ /dzK&^K>KdE <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ^,KK>dZd͕t/d,/EϲϬϬ&dK&t>>͖Wt^t>ϬϬϴ;t>>ͲϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝ Ϯϳϲ ^ϬϬϱEϬϭϬtϯϬ^^tEt^ ϲϬ͘ϰϵϭϰϳϱ Ͳϭϱϭ͘Ϭϵϴϭϴϱ WƵďůŝĐ^ƵƉƉůǇ ^t͍&d͕ϱϬϬ'WD&>Kt/E'Zd^/Eϳϴ&dͲϴϭ&dtdZ ^>K&&͕'ZKhd^E^ZEϮϯϵ&ddKϮϳϰ&d ϯϰϮϬϳ Ϯϳϭϭϰϴ d,>Z/>>/E'hE<EKtE>Kd͕d,>͕t>>ϭ͖Wt^t>ϬϬϮ;t>>η͊Ϳ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϰϯϲ ^ϬϬϴEϬϳϭtϭϴ^^t^E ϲϬ͘ϳϴϯϰϮ Ͳϭϲϭ͘ϴϬϬϱϴ WƵďůŝĐ^ƵƉƉůǇ ^tϮϵ͘ϳϱ&d͕Ϯϱ'WD͕'ZKhd&ZKEϴ&ddKϰϬϮ&d͕ WZD&ZK^d^t/d,ϭϯ&d^ZEKEKddKD ϯϰϮϬϴ Ϯϳϭϭϰϴ d,>Z/>>/E'hE<EKtE>Kd͕d,>͕t>>Ϯ͖Wt^t>ϬϬϯ;t>>ηϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϰϲϬ ^ϬϬϴEϬϳϭtϭϴEEtE^ ϲϬ͘ϳϴϮϴϯ Ͳϭϲϭ͘ϴϬϬϮϴ WƵďůŝĐ^ƵƉƉůǇ ^tϯϮ&d͕ϳϱ'WD͕'ZKhd&ZKEϴ&ddKϰϯϬ&d͕ WZD&ZK^d^t/d,ϭϵ͘ϱ&d^ZEKEKddKD ϯϰϮϬϵ ϮϳϬϭϱϬ hƐWŚƐ͕DŽƵŶƚĂŝŶsŝůůĂŐĞ͕Ŭ >ŽǁĞƌzƵŬŽŶZ DKhEd/Es/>>',/',^,KK>t>>͕Wt^/ϮϳϬϭϱϬDKhEd/Es/>>'td ϭϵϱ ^ϬϮϯEϬϳϵtϭϰ ϲϮ͘ϬϴϵϮϵϴϮ Ͳϭϲϯ͘ϳϮϵϰϭϲ WƵďůŝĐ^ƵƉƉůǇ ^tϮϯ͘ϱ&d͕Ϯϯ'WD^dKϰϭ&d͕KWE,K> ϯϰϮϭϬ Ϯϳϭϵϴϭ ĞƚŚĞů&ĂĂ d,>&t>>ηϮ͖Wt^/Ϯϳϭϵϴϭ&d,>t>>͕t>ϬϬϭ;t>^ϮϬϰϰϯ ϰϴϴ ^ϬϬϴEϬϳϮtϭϯEt^t^Et ϲϬ͘ϳϴϱϭϲϬϭ Ͳϭϲϭ͘ϴϰϱϬϬϭ WƵďůŝĐ^ƵƉƉůǇ ^tϳϵ&d͕ϱϬ'WD&ZKEϮϵ&ddKϰϭϴ&d͕WZD&ZK^d^ t/d,^ZEϰϲϲ&ddKϰϴϳ&d ϯϰϮϯϱ ϯϵϬϲϭϳ hƐEĂƚŝŽŶĂůWĂƌŬ^ĞƌǀŝĐĞ͕ĞŶĂůŝ tKEZ><ηϮ͕E>/Ed/KE>WZ<͖Wt^/ϯϵϬϲϭϳE>/ͲtKEZ><ϭϯϬ &Ϭϭϳ^ϬϭϳtϬϳEt^tE^ ϲϯ͘ϰϱϯϯϯϭ ͲϭϱϬ͘ϴϳϯϳϲϰ WƵďůŝĐ^ƵƉƉůǇ ^tϵϴ&d>^͕ϭϯ'WD^t</d,^ZEϭϮϱ&ddKϭϯϬ&d ϯϰϮϯϲ ϯϵϬϲϭϳ hƐEĂƚŝŽŶĂůWĂƌŬ^ĞƌǀŝĐĞ͕ĞŶĂůŝ ŽƉƉĞƌZŝǀĞƌZ tKEZ><ηϭ͕E>/Ed/KE>WZ<͖Wt^/ϯϵϬϲϭϳE>/ͲtKEZ><ϴϱ &Ϭϭϳ^ϬϭϳtϬϳEt^tE^ ϲϯ͘ϰϱϯϯϯϭ ͲϭϱϬ͘ϴϳϯϳϲϰ WƵďůŝĐ^ƵƉƉůǇ ^tϳϱ&d>^͕ϭϰ͘ϱ'WD^t</d,^ZEϳϴ&ddKϴϯ&d ϯϰϮϳϭ ϮϮϬϯϱϯ Ͳϱ͕>> DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ >ϰ͕^Khd,<E/<'KK^zZKϯϵϱϬ͖Wt^t>ϬϬϭ;KDD/^^/KEͿ͖>ŽĐĂ ϭϯϲ ^ϬϭϳEϬϬϮtϮϲ^tE^tE ϲϭ͘ϱϯϳϬϯϯϲ Ͳϭϰϵ͘ϱϴϭϭϱϲϮ WƵďůŝĐ^ƵƉƉůǇ ^tϳϰ&d͕ϰн'WD^E^ZE ϯϰϯϬϵ ϮϭϬϵϬϲ DŽĂ͕ŶĐŚŽƌĂŐĞtĂƚĞƌŶĚtĂƐƚĞǁĂƚĞƌhƚŝůŝƚǇ;ĂǁǁƵͿ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ DKt>>^/dϭϯ͕ϲϰd,Θ^WZh͕d^dt>>,K>EK͘ϱ͕<>^Ϯϰϲ ϯϱϳ ^ϬϭϮEϬϬϯtϬϰ^t^tEtE ϲϭ͘ϭϲϯϮϱϳϲ Ͳϭϰϵ͘ϴϭϴϰϬϱ WƵďůŝĐ^ƵƉƉůǇ KK</E>dYh/&Z^z^dD ϯϰϯϰϳ ϮϳϭϬϱϵ ŝƚǇKĨWůĂƚŝŶƵŵ WůĂƟŶƵŵŽŵŵƵŶŝƚǇtĞůůηϯ<ϵϵϲϱϭ͖Wt^t>ϬϬϭ;t>>ηϯͿ͖>ŽĐĂƟŽŶǀĞƌŝĮĞĚď ϯϱ ^Ϭϭϯ^ϬϳϱtϯϮ^t^^E ϱϵ͘ϬϬϲϴ Ͳϭϲϭ͘ϴϭϮϲϲ WƵďůŝĐ^ƵƉƉůǇ ^tϭϬ&ddK͕ϱϴ'WD^E^ZE ϯϰϯϱϲ ϮϮϬϯϱϯ ^>/^͕< DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϬϬϰ͕ϯZ^'EZ>^dKZ͕^<E/<'KK^zZKηϯϵϱϬ͖ >^Ϯϴϯϰϲ ϭϯϲ ^ϬϭϳEϬϬϮtϮϲ^tE^tE ϲϭ͘ϱϯϳϮϲϰϰ Ͳϭϰϵ͘ϱϴϬϴϴϯ WƵďůŝĐ^ƵƉƉůǇ ^tϳϰ&ddK͕ϳϱ'WD^dKϭϮϲ&d͕ϭϬ&d^ZE ^^D>z>Kt ϯϰϰϮϲ ϯϵϬϲϭϳ hƐEĂƚŝŽŶĂůWĂƌŬ^ĞƌǀŝĐĞ͕ĞŶĂůŝ͕tŽŶĚĞƌ>ĂŬĞ ŽƉƉĞƌZŝǀĞƌZ tKEZ><ηϭ͕E>/͖Wt^/ϯϵϬϲϭϳE>/ͲtKEZ><DW'ZE͕͘t ϴϱ &Ϭϭϳ^ϬϭϳtϬϳEt^tE^ ϲϯ͘ϰϱϯϯϯϭ ͲϭϱϬ͘ϴϳϯϳϲϰ WƵďůŝĐ^ƵƉƉůǇ ^tϳϱ&ddK͕ϭϰ͘ϱ'WD^t/d,^ZEϳϴ&ddKϴϯ&d ϯϰϰϮϳ ϯϵϬϲϭϳ hƐEĂƚŝŽŶĂůWĂƌŬ^ĞƌǀŝĐĞ͕ĞŶĂůŝ͕tŽŶĚĞƌ>ĂŬĞ tKEZ><ηϮ͕E>/͖Wt^/ϯϵϬϲϭϳE>/ͲtKEZ><DW'ZE͕͘t ϭϯϬ &Ϭϭϳ^ϬϭϳtϬϳEt^tE^ ϲϯ͘ϰϱϯϯϯϭ ͲϭϱϬ͘ϴϳϯϳϲϰ WƵďůŝĐ^ƵƉƉůǇ ^tϵϴ&ddK͕ϭϯ'WD^t/d,^ZEϭϮϱ&ddKϭϯϬ&d ϯϰϱϮϵ ϮϮϲϬϭϰ D>>/^,͕: DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Z/D^KEs/tϮdƌϯ͖Wt^/ϮϮϲϬϭϰ,sE>zDKt^͘t>^ϮϯϴϳϬ ϭϭϵ ^ϬϭϳEϬϬϮϭϴEtEtEtE ϲϭ͘ϱϳϬϭϳϲϳ Ͳϭϰϵ͘ϭϲϮϬϱϮϭ WƵďůŝĐ^ƵƉƉůǇ ^tϰϮ&ddK͕ϭϳϬ'WD'ZKhd^dKϭϬϭ͘ϲ&d͕^ZEΘ d/>>Kt ϯϰϲϮϵ ϮϮϱϵϴϯ ^ddK&>^<ͬ'ZE^dZd'EZ>KEdZdKZ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'KZ>Ϭϳϱ͖Wt^t>ϬϬϭ;KDD/^^/KEͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ ^ϬϭϳEϬϬϭtϭϮE^^E ϲϭ͘ϱϳϵϭϴϲ Ͳϭϰϵ͘ϯϲϬϮϴϵ WƵďůŝĐ^ƵƉƉůǇ KD/^^/KEt>> ϯϰϲϯϳ ϯϬϬϮϭϰ D>Z/dz EŽƌƚŚǁĞƐƚƌĐƚŝĐŽƌŽƵŐŚ D>Z/dz͕Z/sZt>>͖Wt^t>ϬϬϯEĞǁZŝǀĞƌtĞůů͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϮϮϮ <ϬϮϬEϬϬϱϯϭEEt^^ ϲϳ͘ϬϴϱϰϮϬϰ Ͳϭϱϳ͘ϴϱϰϭϰϴϴ WƵďůŝĐ^ƵƉƉůǇ ^tϭϮ&ddK͕ϯϴ'WD'ZKhd^dKϭϰϬ͘ϱ&d͕KWE,K>͕ ^>Kd^ϯϬ&ddKϰϬ&d ϯϰϲϯϴ ϮϮϬϯϬϴ K>>/E^KE^dZhd/KE DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ^>^ϮϬϬϮͲϮϰdƌϭ͖Wt^/ϮϮϬϯϬϴ</d/KEZ,/>/d/KE^s^/E͕͘t>ϬϬ ϮϬϮ ^ϬϭϱEϬϬϰtϮϬ^Et^Et ϲϭ͘ϯϳϳϱϬϴ ͲϭϱϬ͘ϬϯϴϳϬϱ WƵďůŝĐ^ƵƉƉůǇ ^tϳϱ&d͕ϲϬн'WD'ZKhd&h>>^͕KWEE͕WZ&^ϴϬ &ddKϵϬ&d ϯϰϲϱϬ ϮϲϯϬϲϰ ^K͕Kd͕<hdE/ZWKZd ůĞƵƚŝĂŶƐĂƐƚŽƌŽƵŐŚ <hdE/ZWKZd͕KE^dZhd/KEDWt>>͖t>ϬϬϭ͖>ŽĐĂƚŝŽŶ>^ϮϵϬϱϱ ϭϲϭ ^ϬϳϬ^ϭϭϭtϬϭ^tE^tE ϱϰ͘ϭϰϳϳϱϳ Ͳϭϲϱ͘ϲϬϴϴϬϱ WƵďůŝĐ^ƵƉƉůǇ ^tϯϬ&d͕ϭϰ'WD^dKϱ&d͕>/EZdKϭϲϭ&d ϯϰϳϰϵ ϮϮϰϲϰϲ /dzK&t^/>>͕hDWh^>>&/>^ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ hDWh^>>&/>^ηϮ͕Dz^dZzsEh͖Wt^t>ϬϬϱ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϭϳϴ ^ϬϭϳEϬϬϭtϬϱ^EE^t ϲϭ͘ϱϵϬϴϴϰ Ͳϭϰϵ͘ϰϵϲϰϬϲ WƵďůŝĐ^ƵƉƉůǇ ^tϳϮ͘ϯ&ddK͕K^Zsd/KEt>>^dKϭϱϮ&d͕^ZE ^^D>zdKϭϲϰ&d͕EW ϯϰϳϲϭ ϯϳϮϵϬϴ <ŝĞǁŝƚ/ŶĨƌĂƐƚƌƵĐƚƵƌĞ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ ZhZzƌŝǀĞϱϲϱϵ͕^>,͖Wt^/ϯϳϮϵϬϴEKZd,ZEZ/>ydE^/KEzϲϬ &ϬϬϰ^ϬϬϯϭϯEtE^^t ϲϰ͘ϱϲϯϳϴϭϳ Ͳϭϰϳ͘Ϭϱϵϰϵϰ WƵďůŝĐ^ƵƉƉůǇ ^tϴ͘ϱ&d͕ϰϱн'WD^dKϲϬ&d͕WZ&KZdϱϱ&ddKϲϬ &d͕'ZKhd ϯϰϳϴϱ ϮϱϬϭϯϰ /dzK&>Z^Ez <ŽĚŝĂŬ/ƐůĂŶĚŽƌŽƵŐŚ >Z^Ez͕t^dK&/ZWKZd͖Wt^/ϮϱϬϭϯϰ>Z^EztdZ^z^dD͕t>Ϭ ϮϬϬ ^ϬϯϬ^ϬϮϵtϯϭ^tEE^ ϱϳ͘ϱϯϭϰϮϱϳ Ͳϭϱϯ͘ϵϴϴϰϴϱϯ WƵďůŝĐ^ƵƉƉůǇ ^tϮϯ͘ϱ&d͕ϱϬн'WD͕'ZKhd^>KddWsEKWE,K> ϯϰϳϴϲ ϮϱϬϭϯϰ /dzK&>Z^Ez <ŽĚŝĂŬ/ƐůĂŶĚŽƌŽƵŐŚ >Z^Ez͕^dK&/ZWKZd͕>Ϭϴ͖>Z^Ezt>>ηϯ͖WŽƐƐŝďůǇĂďĂŶĚŽŶĞĚ͖Ɛ ϲϱ ^ϬϯϬ^ϬϮϵtϯϮ^tEEEt ϱϳ͘ϱϯϴϰϮϳϱ Ͳϭϱϯ͘ϵϳϯϱϰϴϮ WƵďůŝĐ^ƵƉƉůǇ ^tϯϬ&d͕ϱϬн'WD͕'ZKhd^t/d,^ZEdtE ϱϬ&dEϲϬ&d ϯϰϵϯϬ ϮϰϬϰϰϴ ŝƚǇKĨ<ĞŶĂŝ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ <ĞŶĂŝŝƚǇ͖Wt^t>ϬϬϱ;t>>ϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘WŽƐƐŝďůǇĚĞĐŽŵŵŝƐƐŝŽ Ϯϰϭ ^ϬϬϲEϬϭϭtϯϲ^EtE^ ϲϬ͘ϱϲϱϳϵϯ Ͳϭϱϭ͘ϭϮϭϲϯϮ WƵďůŝĐ^ƵƉƉůǇ ƌŝůůĞƌŝŶĐůƵĚĞĚϯĨƚƐƚŝĐŬƵƉŝŶĂůůĚĞƉƚŚƌĞĂĚŝŶŐƐ͘ϮϰϰͲϯсϮϰϭ͘ ϯϱϬϮϴ ϮϮϳϰϱϴ DĂƚĂŶƵƐŬĂ^ƵƐŝƚŶĂŽƌŽƵŐŚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DW,Z^KEZW>d>dϭͲϰ^ƵƚƚŽŶ>ŝďƌĂƌǇ >^ϮϵϭϮϯ ϲϲ ^ϬϭϵEϬϬϯϮϳEE^E ϲϭ͘ϳϭϬϵϱϭϵϮ Ͳϭϰϴ͘ϴϳϲϵϳϴϮ WƵďůŝĐ^ƵƉƉůǇ ǁĞůůŝŶŝƚŝĂůůǇĚƌŝůůĞĚŝŶϭϵϴϮƚŽĂĚĞƉƚŚŽĨϱϰĨƚ͕ďƵƚ ƵŶĚŽĐƵŵĞŶƚĞĚ͘/ƚŝƐƵŶŬŽǁŶŝĨƚŚĞǁĞůůǁĂƐƌĞƉůĂĐĞĚŽƌ ĚĞĞƉĞŶĞĚ͘ǁĞůůƌĞƚĞƐƚĞĚϴͬϮϳͬϮϬϬϴͲƐǁϯϴĨƚ͕ƉƵŵƉĞĚĂƚϭϳ͘Ϯ ŐƉŵ͕ǇŝĞůĚĞƐƚŝŵĂƚĞĚΛϮϳŐƉŵ͘ ϯϱϬϱϭ ϮϵϵϬϯϳ ŽƉƉĞƌZŝǀĞƌEĂƚŝǀĞƐƐŽĐŝĂƚŝŽŶ ŽƉƉĞƌZŝǀĞƌZ d>/EZ^dZϮĂŶĚϯ͖Wt^/ϮϵϵϬϯϳZEd>/E,>d,>^ϮϵϮϲϰ ϭϰϬ ϬϬϯEϬϬϭtϬϰ^^Et^t ϲϮ͘ϬϲϳϭϬϲ Ͳϭϰϱ͘ϰϮϴϮϵϰ WƵďůŝĐ^ƵƉƉůǇ ϭϬΗƐƵƌĨĂĐĞĐĂƐŝŶŐƚŽϭϬĨƚ͕ϭϬΗŚŽůĞŐƌŽƵƚĞĚƚŽϮϬĨƚ;ƉƵůůĞĚϭϬĨƚ ŽĨϮϬĨƚŽĨϭϬΗĐĂƐŝŶŐͿ ϯϱϬϴϴ ϮϮϬϭϳϵ ZŽĐŬĞƌƐ͕ŽĐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^/ϮϮϬϭϳϵKZK<Z^>hEZz͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϴϱ ^ϬϭϳEϬϬϯtϮϭ^Et^^ ϲϭ͘ϱϰϯϵϭ Ͳϭϰϵ͘ϴϭϳϴϯ WƵďůŝĐ^ƵƉƉůǇ ϯϱϭϭϭ ϮϲϯϬϭϰ <ŝŶŐ^ĂůŵŽŶ,ŽƵƐŝŶŐ ƌŝƐƚŽůĂǇŽƌŽƵŐŚ Wt^/ϮϲϯϬϭϰ&</E'^>DKE&D/>z,Kh^/E'͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϭϱϲ ^Ϭϭϳ^ϬϰϱtϮϮEtE^tE ϱϴ͘ϲϵϮϬϯϵϱ Ͳϭϱϲ͘ϲϴϳϴϲϲ WƵďůŝĐ^ƵƉƉůǇ ϯϱϭϲϴ ϮϳϬϮϭϱ dŽŬƐŽŽŬĂǇ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ dŽŬƐŽŽŬĂǇǁĞůůƐŝƚĞϯ͕ǁĞůůϯ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϲϬ ^ϬϬϱEϬϵϬtϬϴE^EEt ϲϬ͘ϱϰϯϭϮ Ͳϭϲϱ͘ϭϭϲϰ WƵďůŝĐ^ƵƉƉůǇ ϯϱϭϲϵ ϮϳϬϮϭϱ dŽŬƐŽŽŬĂǇ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ dŽŬƐŽŽŬĂǇǁĞůůƐŝƚĞϭ͖Wt^t>ϬϬϯ;t>>ϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϲϯ ^ϬϬϱEϬϵϬtϬϴEt^t^t^ ϲϬ͘ϱϯϭϱ Ͳϭϲϱ͘ϭϭϱϮϱ WƵďůŝĐ^ƵƉƉůǇ ϯϱϭϳϬ ϮϳϬϮϭϱ dŽŬƐŽŽŬĂǇ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ dŽŬƐŽŽŬĂǇǁĞůůƐŝƚĞϯ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϲϯ ^ϬϬϱEϬϵϬtϬϴEt^tEtE ϲϬ͘ϱϰϮϴ Ͳϭϲϱ͘ϭϭϱϴϯ WƵďůŝĐ^ƵƉƉůǇ ϯϱϲϬϴ ϮϭϬϰϯϱ ZĂŶŐĞǀŝĞǁDŽďŝůĞ,ŽŵĞWĂƌŬ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ Wt^/ϮϭϬϰϯϱZE's/td͕t>ϬϬϮ;t>>ηϮ͕^dt>>Ϳ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ ϭϬϲ ^ϬϭϯEϬϬϯtϭϯ^^tEt^ ϲϭ͘ϮϭϰϮϰϴϳ Ͳϭϰϵ͘ϳϮϲϴϴϯ WƵďůŝĐ^ƵƉƉůǇ ϯϱϲϮϴ Ϯϭϯϯϯϲ ,ĂǁŬŝŶƐŶƚĞƌƉƌŝƐĞƐ͕,ĂǁŬŝŶƐŶƚĞƌƉƌŝƐĞƐ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ t>ϬϬϭ;t>>ηϭ^/dηϭͲEKZd,&/>t>>Ϳ͘dZ^EdZ^ĂŶĚ͘ϭϬϭϬϭϭϯ͘ϱ ^ϬϭϯEϬϬϯtϭϮEt^t^^t ϲϭ͘ϮϮϱϯϯ Ͳϭϰϵ͘ϳϰϬϬϴ WƵďůŝĐ^ƵƉƉůǇ ϯϱϲϰϴ ϮϮϬϭϯϴ ,ƵŵŵĞů,ŽŵĞƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t/>>Kt,/',d^KEK^͕t>ϬϬϭ͘dKtE^,/WϭϳEZE'ϭt^d/KEϮϮ>Kdϭϲϭ ^ϬϭϳEϬϬϭtϮϮEtEtEE ϲϭ͘ϱϱϲϬϰ Ͳϭϰϵ͘ϰϮϲϬϲ WƵďůŝĐ^ƵƉƉůǇ ϯϱϲϲϴ ϮϮϬϭϰϲ ,ĞƌŝƚĂŐĞĂƉƚŝƐƚŚƵƌĐŚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^t>ϬϬϰ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^ϮϴϴϰϬ ϭϮϭ ^ϬϭϴEϬϬϭϯϭEtEtEEt ϲϭ͘ϲϭϯϳϭ Ͳϭϰϵ͘ϯϱϭϬϭ WƵďůŝĐ^ƵƉƉůǇ ϯϱϲϴϵ ϮϭϴϴϬϳ dŚŽŵƐŽŶ͕:ŽŚŶ;ĐΘdŽŶƐƚƌƵĐƚŝŽŶͿ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^<zDEKZ>dϳt>>ηϭWt^/ϮϭϴϴϬϳ^<zDEKZt>>,Kh^͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞ Ϯϳϭ ^ϬϭϱEϬϬϭtϭϲEtEEE ϲϭ͘ϯϵϳϯϭϵϴ Ͳϭϰϵ͘ϰϱϮϴϵϲ WƵďůŝĐ^ƵƉƉůǇ ĐŽŵŵƵŶŝƚǇǁĂƚĞƌƐǇƐƚĞŵ ϯϱϳϬϴ ϮϳϬϭϱϬ EĂ͕DƚŶsŝůůĂŐĞ >ŽǁĞƌzƵŬŽŶZ DŽƵŶƚĂŝŶsŝůůĂŐĞhƉƉĞƌ>ŽŽƉ͕Wt^/ϮϳϬϭϱϬDKhEd/Es/>>'tdZ^z^dD Ϯϰϳ ϲϮ͘ϬϵϬϲϭϬϱ Ͳϭϲϯ͘ϳϯϴϬϵϴ WƵďůŝĐ^ƵƉƉůǇ ϯϱϳϲϴ ϮϮϰϬϳϴ ůƉĂƚtĂƚĞƌhƚŝůŝƚǇ>> DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ^,ZtKK^dd^Ϯ><ϯ>dϯ͘ϮϭϯϭE&KhEd/E>>E͖Wt>^ϯϬϬϬϳ ϳϯ ^ϬϭϴEϬϬϮtϯϰ^t^tE^ ϲϭ͘ϲϬϯϴ Ͳϭϰϵ͘ϲϬϳϲϮ WƵďůŝĐ^ƵƉƉůǇ ϯϲϮϯϮ ϮϮϬϯϭϬ ĂǀŝĚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ^ZE/W/dz//><Ϯ>dϭϱ ϲϱ ^ϬϭϴEϬϬϭtϮϵ^t^Et^ ϲϭ͘ϲϭϳϲϭϴϲ Ͳϭϰϵ͘ϰϵϭϮϭϭ WƵďůŝĐ^ƵƉƉůǇ ϯϲϮϱϭ ϯϰϬϰϭϴ ƌĞǀŝŐDŝƐƐŝŽŶ Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϱϯ <ϬϬϮ^ϬϯϴtϬϰEE^^ ϲϱ͘ϯϯϵϰ Ͳϭϲϲ͘ϰϲϱϵϱ WƵďůŝĐ^ƵƉƉůǇ ϯϲϮϱϮ ϯϰϬϰϭϴ ƌĞǀŝŐDŝƐƐŝŽŶ Wt^t>ϬϬϯ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^ϯϯϲϮϵ ϰϵ͘ϴ <ϬϬϮ^ϬϯϴtϬϰ^^E^ ϲϱ͘ϯϯϵϳϭϱ Ͳϭϲϲ͘ϰϲϱϰϴϮ WƵďůŝĐ^ƵƉƉůǇ ϯϲϯϰϴ ϯϰϬϰϭϴ ƌĞǀŝŐDŝƐƐŝŽŶtĂƚĞƌ^ǇƐƚĞŵ /ŶĂĐƚŝǀĞĂŶĚĂďĂŶĚŽŶĞĚ͖Wt^/Ͳt>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘Ϯϳ <ϬϬϮ^ϬϯϴtϬϰ^Et^^ ϲϱ͘ϯϯϴϮϵ Ͳϭϲϲ͘ϰϲϵϬϲ WƵďůŝĐ^ƵƉƉůǇ ϯϲϯϲϴ ϮϲϬϯϲϳ EĞǁ^ƚƵǇĂŚŽŬWƵďůŝĐtĂƚĞƌ^ƵƉƉůǇ EĞǁ^ƚƵǇĂŚŽŬ͖Wt^t>ϬϬϭ;EĞǁtĞůůηϭ͖KůĚtĞůůηϮͿ͕ϰĨĞĞƚŶŽƌƚŚŽĨKůĚtĞůůηϭ ϱϬ ^ϬϬϴ^ϬϰϳtϮϵE^E^t ϱϵ͘ϰϱϮϬϵ Ͳϭϱϳ͘ϯϭϱϬϮ WƵďůŝĐ^ƵƉƉůǇ ϯϲϯϴϴ ϮϲϬϯϲϳ EĞǁ^ƚƵǇĂŚŽŬ EĞǁ^ƚƵǇĂŚŽŬ͖Wt^t>ϬϬϯ;EĞǁtĞůůηϯͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϯϯϴϱϴ ϭϳϲ ^ϬϬϴ^ϬϰϳtϮϵE^E^t ϱϵ͘ϰϱϮϲϮ Ͳϭϱϳ͘ϯϭϱϮϲ WƵďůŝĐ^ƵƉƉůǇ ϯϲϰϭϱ ϯϭϮϭϱϲ ƌĂĚǇZĞŶƚĂůƐͬWŝŽŶĞĞƌtĂƚĞƌ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ Wt^t>ϬϬϮ;tĞůůηϯͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϴϮ &ϬϬϮEϬϬϭtϯϲE^tEt^ ϲϰ͘ϵϱϰϴϲ Ͳϭϰϳ͘ϲϱϳϮϲ WƵďůŝĐ^ƵƉƉůǇ ϯϲϰϯϯ ϮϮϳϭϵϵ dhZEZKE^dZhd/KE DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DŽŶƚĞsŝƐƚĂ>ϬϵϬϯtĞůůηϯ͖Wt^/ϮϮϳϭϵϵYh^dZ/EZ^͕ >^Ϯϯϰϰϱ ^ϬϭϴEϬϬϮϯϭEEEt^ ϲϭ͘ϲϬϱϵϱϳ Ͳϭϰϵ͘ϭϱϲϴϯ WƵďůŝĐ^ƵƉƉůǇ ϯϲϰϯϰ ϮϮϳϭϵϵ ^ŽƌĞŶƐŽŶ͕<ĞǀŝŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ƋƵĞƐƚƌŝĂŶĐƌĞƐtĞůůηϰ͖Wt^/ϮϮϳϭϵϵYh^dZ/EZ^͕t>Ϭ>^Ϯϱϭϲϲ ϭϱϬ ^ϬϭϴEϬϬϮϯϭEtEtE^t ϲϭ͘ϲϬϲϬϲϮ Ͳϭϰϵ͘ϭϲϵϲϳ WƵďůŝĐ^ƵƉƉůǇ ϯϲϰϯϱ ϮϲϯϬϲϭ ĚǁĂƌĚƐ͕ŝĐŬ ƌŝƐƚŽůĂǇŽƌŽƵŐŚ 'ŽǀΖƚ>Žƚ͗ϭϰ͕DŝůĞϮůĂƐŬĂWĞŶŝŶƐƵůĂ,ǁǇ͕EĂŬŶĞŬ͕<͖Wt^/ϮϲϯϬϲϭ,ZdK&ϮϮϰ ^Ϭϭϲ^ϬϰϲtϯϮEEt^^ ϱϴ͘ϳϰϮϮϵϬϱ Ͳϭϱϲ͘ϵϳϴϯϵϰ WƵďůŝĐ^ƵƉƉůǇ ϯϲϰϯϳ ϮϭϴϴϭϬ ůĂƐŬĂ>ĂďŽƌĞƌƐŽŶƐƚƌƵĐƚŝŽŶ/ŶĚƵƐƚƌǇdƌĂŝŶŝŶŐ^ĐŚŽŽů DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ >KZZ^dZ/E/E'^,KK>ϭϯϱϬϬKůĚ^ĞǁĂƌĚ,ŝŐŚǁĂǇŶĐŚŽƌĂŐĞ͕<ϵϵϱϭϱZϯϮϲ ^ϬϭϮEϬϬϯtϮϵ^t^E^t ϲϭ͘ϬϵϴϭϬϮϲ Ͳϭϰϵ͘ϴϱϬϳϲϵ WƵďůŝĐ^ƵƉƉůǇ tĞůůǁĂƐŚǇĚƌŽĨƌĂĐĞĚĂŶĚĂƉƵŵƉƚĞƐƚǁŝůůĨŽůůŽǁ͘^ƵƌĨĂĐĞƐĞĂůŝƐ ďĞŶƚŽŶŝƚĞĨƌŽŵϬƚŽϱϬĨĞĞƚŽƵƚƐŝĚĞĐĂƐŝŶŐĂŶĚĂŶŶƵůĂƌƐƉĂĐĞ ĞǆƚĞƌŝŽƌŽĨƚŚĞϰΗWsůŝŶĞƌ͘ ϯϲϰϲϴ ϮϰϬϳϱϳ ^ĞǁĂƌĚ͕ŝƚǇKĨ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ &dZĂǇŵŽŶĚtĞůů&ŝĞůĚ͕tĞůůηϮ͖Wt^/ϮϰϬϳϱϳ^tZ͕t>ϬϬϯ;t>&KZdZzDKEt>>^ϬϬϭEϬϬϭtϯϰE^E^t ϲϬ͘ϭϯϭϯϱϵϭ Ͳϭϰϵ͘ϰϯϯϬϳϱ WƵďůŝĐ^ƵƉƉůǇ ϯϲϰϲϵ ϮϰϬϳϱϳ ^ĞǁĂƌĚ͕ŝƚǇKĨ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ &dZĂǇŵŽŶĚtĞůů&ŝĞůĚtĞůůηϲ͖Wt^/ϮϰϬϳϱϳ^tZ͕t>ϬϬϲ;t>>ηϲͿ͖>ŽĐĂƚŝŽ Ϯϰϱ ^ϬϬϭEϬϬϭtϯϰ^^t^Et ϲϬ͘ϭϯϰϰϭϬϵ Ͳϭϰϵ͘ϰϯϲϵϬϱ WƵďůŝĐ^ƵƉƉůǇ ϯϲϱϳϭ ϮϭϮϭϮϴ DĂůĂƐƉŝŶĂ'ůĂĐŝĞƌ/ŶǀĞƐƚŵĞŶƚƐ͕>> DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ D>^W/E'>/ZDK/>,KDWZ<͕ϰϭϬϬZZK͖Wt^t>ϬϬϯ͖>ŽĐĂƚŝ ϭϯϴ ^ϬϭϯEϬϬϯtϮϭEEtEt ϲϭ͘ϮϬϳϭϲ Ͳϭϰϵ͘ϳϵϵϯϭ WƵďůŝĐ^ƵƉƉůǇ ϯϲϲϲϯ ϮϲϬϮϰϰ <ŝŶŐŽǀĞ ůĞƵƚŝĂŶƐĂƐƚŽƌŽƵŐŚ ͲϭϲĞůƚĂƌĞĞŬtĂƚĞƌ^ƵƉƉůǇWƌŽũĞĐƚ͖Wt^t>Ϭϭϲ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϴϳ ^Ϭϱϴ^Ϭϴϲtϯϱ^t^EE ϱϱ͘ϭϭϳϰϯ ͲϭϲϮ͘ϮϳϲϯϮ WƵďůŝĐ^ƵƉƉůǇ ^ĂĨĞǇŝĞůĚŽĨƚŚŝƐǁĞůůĞƐƚŝŵĂƚĞĚƚŽďĞϭϬϬŐĂůůŽŶƐƉĞƌŵŝŶƵƚĞ͘ϭϮ ŚŽƵƌƉƵŵƉƚĞƐƚĐŽŶĚƵĐƚĞĚĂƚϭϬϬŐƉŵŽŶϬϵͬϭϵͬϵϵ ϯϲϲϲϰ ϮϲϬϮϰϰ <ŝŶŐŽǀĞ ůĞƵƚŝĂŶƐĂƐƚŽƌŽƵŐŚ ͲϲĞůƚĂƌĞĞŬtĂƚĞƌ^ƵƉƉůǇWƌŽũĞĐƚ͖Wt^t>ϬϬϲ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϲϱ ^Ϭϱϴ^ϬϴϲtϯϱEtEt^E ϱϱ͘ϭϭϳϯϳϭ ͲϭϲϮ͘Ϯϳϴϴϳϴ WƵďůŝĐ^ƵƉƉůǇ ^ĂĨĞǇŝĞůĚŽĨƚŚŝƐǁĞůůĞƐƚŝŵĂƚĞĚƚŽďĞϯϬϬŐĂůůŽŶƐƉĞƌŵŝŶƵƚĞ͘ tĞůůĐĂƐŝŶŐŽƌŝŐŝŶĂůůǇŝŶƐƚĂůůĞĚŝŶϵϵϲ͕ĐĂƐŝŶŐǁĂƐƌĂŝƐĞĚĂŶĚ ƐĐƌĞĞŶŝŶƐƚĂůůĞĚŝŶ^ĞƉƚĞŵďĞƌϭϵϵϵ͘ ϯϲϲϲϴ ϮϲϯϬϲϴ ^ŝůǀĞƌĂǇ^ĞĂĨŽŽĚƐ ƌŝƐƚŽůĂǇŽƌŽƵŐŚ ƌĞǁΖƐĚĚŝƚŝŽŶtĞůůϭ;^ŝůǀĞƌĂǇ^ĞĂĨŽŽĚƐͿ͖Wt^/ϮϲϯϬϲϴ^/>s >^Ϯϵϰϯϯ Ϯϱϯ ^Ϭϭϲ^ϬϰϲtϯϯE^Et^ ϱϴ͘ϳϰϰϬϱϮϵ Ͳϭϱϲ͘ϵϱϯϳϴϭ WƵďůŝĐ^ƵƉƉůǇ ϯϲϲϲϵ ϮϲϯϬϲϵ ^ŝůǀĞƌĂǇ^ĞĂĨŽŽĚƐ ƌŝƐƚŽůĂǇŽƌŽƵŐŚ ^ŝůǀĞƌĂǇ^ĞĂĨŽŽĚƐtĞůůϮ͖Wt^/ϮϲϯϬϲϵ^/>sZz^&KK^E>^ϮϵϰϰϮ Ϯϱϴ ^Ϭϭϲ^Ϭϰϲtϯϯ^tEEt^ ϱϴ͘ϳϰϱϭϯϲϯ Ͳϭϱϲ͘ϵϱϱϰϲ WƵďůŝĐ^ƵƉƉůǇ ϯϲϲϳϬ ϮϲϯϬϲϵ ^ŝůǀĞƌĂǇ^ĞĂĨŽŽĚƐ ƌŝƐƚŽůĂǇŽƌŽƵŐŚ ^ŝůǀĞƌĂǇ^ĞĂĨŽŽĚƐtĞůůϯ͖Wt^/ϮϲϯϬϲϵ^/>sZz^&KK^E>^ϮϵϰϰϮ ϮϲϮ ^Ϭϭϲ^Ϭϰϲtϯϯ^tEEt^ ϱϴ͘ϳϰϱϯϵϱϳ Ͳϭϱϲ͘ϵϱϱϰϳϱ WƵďůŝĐ^ƵƉƉůǇ ϯϲϲϳϭ ϮϮϯϲϮϰ ůƵĨĨsŝĞǁĐƌĞƐ,ŽŵĞŽǁŶĞƌƐƐƐŽĐŝĂƚŝŽŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ >h&&s/t^ddZ^&/Zs/t>KKW͖Wt^/ϮϮϯϲϮϰ>h&&s/tZ^tϱϭ ^ϬϭϳEϬϬϭtϮϵ^tE^^ ϲϭ͘ϱϮϵϰϴϯϴ Ͳϭϰϵ͘ϰϴϯϰϱϵ WƵďůŝĐ^ƵƉƉůǇ ϯϲϳϬϴ ϮϮϰϮϬϲ WƌŝƐŵĞƐŝŐŶŶĚŽŶƐƚƌƵĐƚŝŽŶ>ůĐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dĞƐƐŽƌŽϳϴ͕^ƵŶƐŚŝŶĞͲDŝůĞϭϬϬWĂƌŬƐ,tz͖Wt^/ϮϮϰϮϬϲd^KZ >^Ϯϵϰϴϲ ϲϴ ^ϬϮϰEϬϬϰtϮϵ^tEt^^ ϲϮ͘ϭϯϲϱϬϭϯ ͲϭϱϬ͘Ϭϯϴϵϰ WƵďůŝĐ^ƵƉƉůǇ ϯϲϴϬϴ ϮϮϬϮϳϬ 'Θ>,ŽůĚŝŶŐƐ>> DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ƵďďǇΖƐDĂƌŬĞƚƉůĂĐĞ͕Θ^ƚŽƌĞ͕WĂƌŬƐ,tzĂŶĚdĂůŬĞĞƚŶĂZĚ͖Wt>^Ϯϴϭϯϲ ϲϬ ^ϬϮϰEϬϬϰtϯϮ^tEEE ϲϮ͘ϭϯϮϴϯϳ ͲϭϱϬ͘ϬϯϲϱϮ WƵďůŝĐ^ƵƉƉůǇ ϯϲϴϮϵ ϮϰϮϵϱϯ ^ŶƵŐ,ĂƌďŽƌ^ĞĂĨŽŽĚƐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ tĞůůϭͲϭϵϴϬ͖Wt^t>ϬϬϭ;t>>ϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϰϲ ^ϬϬϱEϬϭϭtϮϬEtEtEEt ϲϬ͘ϱϭϲϯϳ Ͳϭϱϭ͘Ϯϱϯϳϭϭ WƵďůŝĐ^ƵƉƉůǇ ϯϲϴϯϬ ϮϲϮϮϯϴ ŝƚǇŽĨŐĞŐŝŬ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ŐĞŐŝŬŝƚǇtĞůůϰ͖Wt^t>ϬϬϰ;t>>ηϰͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϮϵϮϮϬ ^ϬϮϯ^ϬϱϬtϬϭ^^tE^ ϱϴ͘ϮϬϴϰϭϱ Ͳϭϱϳ͘ϯϳϰϯϯ WƵďůŝĐ^ƵƉƉůǇ ϯϲϴϲϴ ϮϵϴϮϬϬ sĂůĚĞǌ'ůĂĐŝĞƌĂŵƉŐƌŽƵŶĚ͕^ŽĂŝǀŝƐŝŽŶKĨWĂƌŬƐ ŚƵŐĂĐŚZ Wt^/ϮϵϴϮϬϬs>'>/ZDW'ZKhE͕t>ϬϬϭ;t>>ϭͿ͘ϵϯ ϬϬϴ^ϬϬϲtϮϱ^^t^^ ϲϭ͘ϭϯϴϴϴϵϯ Ͳϭϰϲ͘ϮϭϮϮϭϵ WƵďůŝĐ^ƵƉƉůǇ ϯϲϴϲϵ ϮϵϴϮϬϬ sĂůĚĞǌ'ůĂĐŝĞƌĂŵƉŐƌŽƵŶĚ͕^ŽĂŝǀŝƐŝŽŶKĨWĂƌŬƐ ŚƵŐĂĐŚZ Wt^/ϮϵϴϮϬϬs>'>/ZDW'ZKhE͕t>ϬϬϮ;t>>ϮͿ͘ϴϯ ϬϬϲ^ϬϬϱtϯϬ^^t^t^t ϲϭ͘ϭϯϵϭϳϭϲ Ͳϭϰϲ͘ϮϬϯϴϴϴ WƵďůŝĐ^ƵƉƉůǇ ϯϲϴϳϰ ϮϳϬϲϵϳ >ŽǁĞƌ<ĂůƐŬĂŐ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ >ŽǁĞƌ<ĂůƐŬĂŐŝƚǇtĞůůϭ͖Wt^/ϮϳϬϲϵϳ>KtZ<>^<'td>^Ϯϵϱϲϭ ϭϬϬ ^ϬϭϳEϬϲϭtϯϯEtEt^t^t ϲϭ͘ϱϭϱϴϭϵϱ ͲϭϲϬ͘ϯϲϯϭϰϰ WƵďůŝĐ^ƵƉƉůǇ ϯϲϴϴϴ Ϯϭϴϴϭϯ dŚƌĞĞĞĂƌƐŶƚĞƌƉƌŝƐĞƐ>> DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ dϭϱEZϭt^ĞĐϵ͕>ƚϭϭϱ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^Ϯϵϱϱϴ ϭϴϯ ^ϬϭϱEϬϬϭtϬϵ^tEE^t ϲϭ͘ϰϬϯϲϮϮ Ͳϭϰϵ͘ϰϲϳϳϮϵ WƵďůŝĐ^ƵƉƉůǇ ϯϲϵϬϴ ϮϳϬϲϵϳ >ŽǁĞƌ<ĂůƐŬĂŐ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ >ŽǁĞƌ<ĂůƐŬĂŐtĞůůϮ͖Wt^/ϮϳϬϲϵϳ>KtZ<>^<'tdZ^z^>^Ϯϵϱϲϭ ϴϭ ^ϬϭϳEϬϲϭtϯϯEtEt^t^t ϲϭ͘ϱϭϲϮϳϳϯ ͲϭϲϬ͘ϯϲϮϮϮϴ WƵďůŝĐ^ƵƉƉůǇ ϯϲϵϮϵ ϮϲϯϬϲϵ ^ŝůǀĞƌĂǇ^ĞĂĨŽŽĚƐ ƌŝƐƚŽůĂǇŽƌŽƵŐŚ ^ŝůǀĞƌĂǇ^ĞĂĨŽŽĚƐtĞůůϭ͖Wt^/ϮϲϯϬϲϵ^/>sZz^&KK^E>^ϮϵϰϰϮ Ϯϱϯ ^Ϭϭϲ^Ϭϰϲtϯϯ^tEEt^ ϱϴ͘ϳϰϰϴϲϭϲ Ͳϭϱϲ͘ϵϱϱϰϲ WƵďůŝĐ^ƵƉƉůǇ ϯϲϵϵϭ ϮϵϭϮϳϵ Z>^KE͕Kz ŽƉƉĞƌZŝǀĞƌZ d>/EdZ/>ZKhZd^Khd,^/dZ/sZ͖Wt^t>ϬϬϭ͖>ŽĐĂ>^ϮϵϲϲϮ ϬϬϯEϬϬϭtϬϵ^tEt^t^t ϲϮ͘ϬϱϬϵϬϯ Ͳϭϰϱ͘ϰϯϰϮϱϰ WƵďůŝĐ^ƵƉƉůǇ ϯϴϴϲϴ ϯϵϭϭϯϰ 'ŽůĚĞŶsĂůůĞǇůĞĐƚƌŝĐƐƐŽĐŝĂƚŝŽŶ ĞŶĂůŝŽƌŽƵŐŚ ,>zZ͖Wt^/ϯϵϭϭϯϰ'sͲ,>zWKtZW>Ed͕t>ϬϬϯ;t>>ϯͿ͖>ŽĐĂƚŝŽ ϰϵϬ &ϬϭϮ^ϬϬϳtϮϬEE^^ ϲϯ͘ϴϱϱϵϰϭϴ Ͳϭϰϴ͘ϵϱϭϮϰϴ WƵďůŝĐ^ƵƉƉůǇ DhZKdZz t>>&>Kt/E'dϬ͘ϱ'WD ϯϴϴϲϵ ϮϮϬϰϲϮ DdEh^<^h^/dEKZKh', DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Z/E'dKE:Zͬ^Z,/',^,KK>ϭϬϬϭϱt͘Z/E'dKEZ/s͖Wt>^ϯϬϬϴϬ ϭϰϴ ^ϬϭϲEϬϬϮtϬϲEEt^t^ ϲϭ͘ϱϬϭϳϵϱ Ͳϭϰϵ͘ϳϬϮϬϰϯ WƵďůŝĐ^ƵƉƉůǇ ϯϴϴϳϬ ϮϮϬϰϱϵ DdEh^<^h^/dEKZKh', DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ EΖ/E>DEdZz^,KK>ϳϬϴ^͘<E/<<E<Dh^,<Z>^ϯϬϬϲϰ ϭϯϵ ^ϬϭϲEϬϬϮtϬϲE^t^^ ϲϭ͘ϰϵϵϰϵϰ Ͳϭϰϵ͘ϲϵϯϳϱϳ WƵďůŝĐ^ƵƉƉůǇ ϯϴϵϬϵ ϮϮϬϰϰϲ DdͲ^hz^,KK> DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϮϯϲϬEd/dZ/s͕t^/>>͖'KsZEDEd>Kdϯ͖Wt^t>ϬϬϭ͖>>^Ϯϵϴϭϲ ϴϬ ^ϬϭϴEϬϬϭϯϭ^EtE^t ϲϭ͘ϲϬϱϴϱϴϴ Ͳϭϰϵ͘ϯϰϵϵϯϯϲ WƵďůŝĐ^ƵƉƉůǇ ϯϴϵϰϵ ϮϮϬϰϴϯ ,ZZ/^͕<ZE DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dKtE^,/WϭϳEZE'ϭ^d/KEϭϬ>Kdϱ͖Wt^t>ϬϬϮ;ϮϬϭϰt>>ϮͿ͖>ŽĐĂƟŽŶǀĞƌŝĮĞĚ^ϬϭϳEϬϬϭϭϬEE^t^t ϲϭ͘ϱϳϯϴϳϰϴ Ͳϭϰϵ͘ϮϲϮϱϴϯϳ WƵďůŝĐ^ƵƉƉůǇ t>>t^Z/>>dKϯϲϬΖ͘͘͘͘͘ ϯϵϭϵϱ ϮϭϬϰϴϱ ZŚŽĚĞƐ͕:ĂĐŬ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^>/&&W>t>>^/d͕t>>ηϮ͖Wt^/ϮϭϬϰϴϱ^E><^Zs/^͕t>ϬϬϮ; ϰϳϰ ^ϬϭϮEϬϬϰtϭϱEt^tEtEt ϲϭ͘ϭϯϱϱϰϯϴ Ͳϭϰϵ͘ϵϴϬϲϴϮ WƵďůŝĐ^ƵƉƉůǇ ϯϵϯϳϱ ϯϭϬϵϰϮ ĂŵĞƌŽŶ͕ŽŶĂůĚ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ tdZt'KEEEyh/>/E'͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚ>^ϮϴϲϬϱ ϭϮϬ &ϬϬϭ^ϬϬϮtϬϯ^t^^t^t ϲϰ͘ϴϰϵϬϱ Ͳϭϰϳ͘ϵϰϭϯϮ WƵďůŝĐ^ƵƉƉůǇ ϯϵϰϵϯ ϯϯϬϬϮϰ >h^EZ'z>^< EŽƌƚŚ^ůŽƉĞŽƌŽƵŐŚ KKK'hZh</^>Et>>ηϭ͖Wt^t>ϬϬϭ;ZKE/d/KEͿ͖>ŽĐĂƟŽŶǀĞƌŝĮĞĚď ϵϬ hϬϭϯEϬϬϳϭϭ^^^tE ϳϬ͘ϰϵϱϱϰϱ ͲϭϱϬ͘ϮϱϮϱϲϮ WƵďůŝĐ^ƵƉƉůǇ ϯϵϱϭϯ ϯϯϬϬϮϰ >h^EZ'z>^< EŽƌƚŚ^ůŽƉĞŽƌŽƵŐŚ KKK'hZh</^>Et>>ηϯ͖Wt^t>ϬϬϯ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϮϱϴϱϬ ϴϮ͘ϯ hϬϭϯEϬϬϳϭϭ^^^tE ϳϬ͘ϰϵϱϱϳϵ ͲϭϱϬ͘ϮϱϮϳϯϭ WƵďůŝĐ^ƵƉƉůǇ ϯϵϱϭϰ ϯϯϬϬϮϰ >h^EZ'z>^< EŽƌƚŚ^ůŽƉĞŽƌŽƵŐŚ KKK'hZh</^>Et>>ηϰ͖Wt^t>ϬϬϰ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϮϱϴϱϬ ϵϵ hϬϭϯEϬϬϳϭϭ^^^tE ϳϬ͘ϰϵϰϴϰϴ ͲϭϱϬ͘Ϯϱϭϭϰϲ WƵďůŝĐ^ƵƉƉůǇ ϯϵϲϭϯ Ϯϲϭϱϳϱ ><EWEE/^h>^,KK>/^dZ/d >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ >^tKZd,^h/s/^/KE͘EK͘ϭdE>/E^,KK>͖t>ϬϬϮ͖>^Ϯϵϵϴϯ ϴϬ ^ϬϬϭEϬϮϵtϬϵ^t^EEt ϲϬ͘ϭϵϱϳϲϮϭ Ͳϭϱϰ͘ϯϮϴϮϲϳϳ WƵďůŝĐ^ƵƉƉůǇ ϯϵϳϭϰ ϮϭϰϬϬϳ ĂǀŝƐ͕ZĂǇ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ h^^ϯϬϰϯ>Ϯϴ'/ZtKK͖Wt^/ϮϭϰϬϬϳ>z^<,>dKEK^,K͕t>ϬϬϭ ϭϬϬ ^ϬϭϬEϬϬϮϭϴ^E^E ϲϬ͘ϵϱϵϬϯϰ Ͳϭϰϵ͘ϭϱϯϲϴϳ WƵďůŝĐ^ƵƉƉůǇ ϯϵϳϯϯ ϮϰϵϬϮϴ ƐŚƚŽŶWĂƌŬ,ŽŵĞŽǁŶĞƌƐƐƐŽĐŝĂƚŝŽŶ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ϯϰϱϭϬKDDZ^dZd͕^K>KdE͖^,dKEWZ<>K<Ϯt>^ϯϬϯϴϯ ϰϬ ^ϬϬϱEϬϭϭtϯϱ^^t^tE ϲϬ͘ϰϴϬϲϲϳϭ Ͳϭϱϭ͘ϭϱϳϱϭϲ WƵďůŝĐ^ƵƉƉůǇ ϯϵϳϯϰ ϮϰϵϬϮϴ ,ĂůůYƵĂůŝƚǇƵŝůĚĞƌƐ͕,ĂůůYƵĂůŝƚǇƵŝůĚĞƌƐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ϯϰϱϭϬKDDZ^dZd͕^K>KdE͖^,dKEWZ<>K<Ϯt>>dZd͖Wt^/ϮϰϵϬϮϴ^ϬϬϱEϬϭϭtϯϱ ϲϬ͘ϰϴϬϲϳϬϵ Ͳϭϱϭ͘ϭϱϳϱϵϯ WƵďůŝĐ^ƵƉƉůǇ ϯϵϳϯϱ ϮϰϵϬϮϴ ,ĂůůYƵĂůŝƚǇƵŝůĚĞƌƐ͕,ĂůůYƵĂůŝƚǇƵŝůĚĞƌƐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ϯϰϱϭϬKDDZ^dZd͕^K>KdE͖^,dKEWZ<>K<Ϯt>>dZd͖Wt^/ϮϰϵϬϮϴ^ϬϬϱEϬϭϭtϯϱ ϲϬ͘ϰϴϬϳϴϱϰ Ͳϭϱϭ͘ϭϱϳϲϴϰ WƵďůŝĐ^ƵƉƉůǇ ϯϵϳϳϵ ϮϮϲϰϭϬ >hE<͕,E/E' DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ /Z/^/Z>tdZKZWKZd/KE͕t>ϬϬϭ͘'ZEs>z><ϯdZ'ϭϭϴ ^ϬϭϳEϬϬϮϬϳ^t^E^ ϲϭ͘ϱϳϰϵϯ Ͳϭϰϵ͘ϭϱϬϰϯ WƵďůŝĐ^ƵƉƉůǇ ǁĞůůĚĞĞƉĞŶĞĚ ϰϬϭϵϯ ϮϭϴϴϭϮ 'ŝƌů^ĐŽƵƚƐKĨůĂƐŬĂ͕'ŝƌů^ĐŽƵƚƐKĨůĂƐŬĂ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ Wt^/ϮϭϴϴϭϮ'/Z>^Khd^^/E'/E',/>>^DWͲ,h'/<͕t>ϬϬϭ;t>>ηϭͿ͖>Ž ϲϱ ^ϬϭϲEϬϬϭtϯϲ^tE^tEt ϲϭ͘ϰϯϲϭϴϯϵ Ͳϭϰϵ͘ϯϴϰϮϭϲ WƵďůŝĐ^ƵƉƉůǇ WƵŵƉƚĞƐƚĂƚƚĂĐŚĞĚ ϰϬϮϯϱ ϯϴϬϰϴϰ ůĂƐŬĂŝǀŝƐŝŽŶKĨWĂƌŬƐŶĚKƵƚĚŽŽƌZĞĐƌĞĂƚŝŽŶ͕ůĂƐŬĂŝǀŝƐŝŽŶKůĂƐŬĂ'ĂƚĞǁĂǇZ t>>ηϯWt^/ϯϴϬϰϴϰ ϵϴ ϬϭϴEϬϭϯϮϰ ϲϯ͘ϯϮϱϵϱϬϲ ͲϭϰϮ͘ϴϯϮϬϬϭ WƵďůŝĐ^ƵƉƉůǇ ϰϬϮϵϰ ϯϳϬϳϵϴ &Žƌƚ'ƌĞĞůǇ͕&Žƌƚ'ƌĞĞůǇ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ Ed/KE>^hZ/dzWZ/^>Kd/KE^ZhEs/>> >^Ϯϰϵϵϭ ϯϬϬ &Ϭϭϭ^ϬϭϬϮϮ WƵďůŝĐ^ƵƉƉůǇ >^ϮϰϵϵϭͲϮϰϵϵϱ ϰϬϯϬϰ ϮϮϬϮϰϴ /Z,dZ,ZdZ^,KK> DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^Ϯϴϰϰϭ ϭϭϱ ^ϬϭϳEϬϬϭϬϰ^EtEE ϲϭ͘ϱϵϴϮϰ Ͳϭϰϵ͘Ϯϳϯϱϵ WƵďůŝĐ^ƵƉƉůǇ EKt>>>K's/>> ϰϬϯϵϯ ϯϳϮϭϵϴ tŚŝƚĞƐƚŽŶĞ&ĂƌŵƐ͕tŚŝƚĞƐƚŽŶĞ&ĂƌŵƐ ĞůƚĂͲ'ƌĞĞůǇZ t,/d^dKE&ZD^dZ/E/E'EdZͬ^,KK>͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϰϯ &ϬϬϵ^ϬϬϵϭϮEt^EtE ϲϰ͘ϭϱϯϳϵϯϯ Ͳϭϰϱ͘ϴϴϵϳϰ WƵďůŝĐ^ƵƉƉůǇ ϰϬϯϵϰ ϯϳϮϰϰϵ tŚŝƚĞƐƚŽŶĞ&ĂƌŵƐ͕tŚŝƚĞƐƚŽŶĞ&ĂƌŵƐ ĞůƚĂͲ'ƌĞĞůǇZ t,/d^dKE&ZD^t^dE,Kh^͕t>ϬϬϭ;EŽŶͲWƵďůŝĐǁĂƚĞƌƐǇƐƚĞŵͿ͖>ŽĐĂƚŝŽ ϰϬ &ϬϬϵ^ϬϬϵϭϮ^^tEtE ϲϰ͘ϭϱϯϭϲϳϳ Ͳϭϰϱ͘ϴϵϬϯϱ WƵďůŝĐ^ƵƉƉůǇ ϰϬϯϵϱ ϯϳϮϰϮϯ tŚŝƚĞƐƚŽŶĞ&ĂƌŵƐ͕tŚŝƚĞƐƚŽŶĞ&ĂƌŵƐ ĞůƚĂͲ'ƌĞĞůǇZ t,/ddKE&ZD^ͬ>/s/E'tKZ^Khd,E͕t>ϬϬϭ;EŽŶͲWƵďůŝĐǁĂƚĞƌƐǇƐƚĞŵ ϱϱ &ϬϬϵ^ϬϬϵϭϮE^EtE ϲϰ͘ϭϱϰϬϳϱϲ Ͳϭϰϱ͘ϴϴϲϲϳϯ WƵďůŝĐ^ƵƉƉůǇ ϰϬϰϵϯ ϮϮϮϰϮϰ ůů/Ŷ^ŚĞĞƉƌĞĞŬ>ŽĚŐĞ͕ůů/Ŷ^ŚĞĞƉƌĞĞŬ>ŽĚŐĞ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^/ϮϮϮϰϮϰ͕>Kdϵ͕ϱϵϮϰϮϵ^WZ<^,tzDWϴϴ͕t>>KDD/^^/KE/E'ϯϯ ^ϬϮϮEϬϬϰtϭϳ ϲϭ͘ϵϵϭϰϳϰϮ ͲϭϱϬ͘ϬϱϬϰϭϱ WƵďůŝĐ^ƵƉƉůǇ >ŽŐ/Ě Wt^/ KǁŶĞƌ ZĞŐŝŽŶ WĂƌĐĞůĞƐĐƌŝƉƚŝŽŶ >^ tĞůů ĞƉƚŚ DdZ^ >ĂƚŝƚƵĚĞ >ŽŶŐŝƚƵĚĞ tĞůůhƐĞ ƌŝůůĞƌƐŽŵŵĞŶƚƐ ^ƚĂƚĞǁŝĚĞWƵďůŝĐtĞůůƐͲt>d^ ϰϬϱϭϰ ϯϳϬϲϲϳ ƌŽǁŶŶĚZŽŽƚ^ĞƌǀŝĐĞƐŽƌƉ͕ƌŽǁŶŶĚZŽŽƚ^ĞƌǀŝĐĞƐŽƌƉ ĞůƚĂͲ'ƌĞĞůǇZ Η><ZW/^dZ/E/E'^/d͕&d'Z>zΗ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϱϬϬ &Ϭϭϲ^ϬϭϬϮϬEtEEEt ϲϯ͘ϱϮϬϰϲ Ͳϭϰϱ͘ϴϱϱϬϯ WƵďůŝĐ^ƵƉƉůǇ ϰϬϳϳϯ ϮϭϳϮϲϳ /ŬůƵĂƚZ͘ǀ͘WƌŽũĞĐƚ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ /<>hdDd/E',>>Wt^/ϮϭϳϮϲϳ/<>hd'/&d^,KWt>ϬϬϭ Ϯϱϴ ^ϬϭϲEϬϬϭtϯϱ WƵďůŝĐ^ƵƉƉůǇ ϰϬϵϵϰ Ϯϰϵϭϳϳ DZd,KE͕DZd,KE <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ WϯϰͲϯϭ͖t>>ηϯD/E/^dZd/sh/>/E't>>͖Wt^t>ϬϬ>^ϯϬϯϮϳ ϭϵϮ ^ϬϬϱEϬϭϭtϯϭ^t^t^t^ ϲϬ͘ϰϳϰϮϯ Ͳϭϱϭ͘ϮϳϲϮϲ WƵďůŝĐ^ƵƉƉůǇ ϰϭϭϱϯ ϯϵϬϲϰϭ Ed/KE>WZ<^Zs/ ĞŶĂůŝŽƌŽƵŐŚ ^s'Z/sZDW'ZKhEE>/Ed/KE>WZ<͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝ ϭϱϴ &Ϭϭϰ^ϬϬϵtϭϬ^^EE ϲϯ͘ϳϭϵϳϮϮ Ͳϭϰϵ͘ϮϱϴϬϱϱ WƵďůŝĐ^ƵƉƉůǇ ϰϭϭϱϰ ϯϵϬϲϭϳ EĂƚŝŽŶĂůWĂƌŬ^ĞƌǀŝĐĞ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ tKEZ><DW'ZKhEE>/Ed/KE>WZ<͖Wt^/ϯϵϬϲϭϳE>/Ͳt ϯϴ &Ϭϭϳ^ϬϭϳtϬϴ ϲϯ͘ϰϱϳϱϬϴϭ ͲϭϱϬ͘ϴϲϲϲϮϯ WƵďůŝĐ^ƵƉƉůǇ ϰϭϭϱϱ ϯϵϭϭϰϮ EĂƚŝŽŶĂůWĂƌŬ^ĞƌǀŝĐĞ ĞŶĂůŝŽƌŽƵŐŚ tKEZ><ZE'Z^dd/KEt>>͖Wt^/ϯϵϭϭϰϮE>/ͲtKEZ><Ϯϰ͘ϱ &Ϭϭϲ^Ϭϭϳtϯϯ ϲϯ͘ϰϵϬϱϬϱϮ ͲϭϱϬ͘ϴϳϬϯϭϲ WƵďůŝĐ^ƵƉƉůǇ ϰϭϰϵϯ ϮϭϰϳϯϬ >^</sZ^/&/WZKWZd/^ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ WKddZZ<s>KWDEdtdZyW>KZd/KE͖Wt^/ϮϭϰϳϯϬWKddZZϯϬϯ ^ϬϭϭEϬϬϯtϭϬE^^t^ ϲϭ͘ϬϱϭϵϬϲ Ͳϭϰϵ͘ϳϴϯϬϴϮ WƵďůŝĐ^ƵƉƉůǇ ϰϭϲϳϯ ϮϰϵϬϮϴ ƐŚƚŽŶWĂƌŬ,ŽŵĞŽǁŶĞƌƐƐƐŽĐŝĂƚŝŽŶ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ϯϰϱϭϬKDDZ^dZd͕^K>KdE͖^,dKEWZ<>K<Ϯt>^ϯϬϯϴϯ ϰϬ ^ϬϬϱEϬϭϭtϯϱ^^t^tE WƵďůŝĐ^ƵƉƉůǇ ϰϮϬϭϰ ϮϲϯϬϳϭ ŚŽŐŐŝŶŐ>ƚĚ ƌŝƐƚŽůĂǇŽƌŽƵŐŚ Wt^/ϮϲϯϬϳϭ/>>/E',DKhZd,Kh^͕t>ϬϬϭ;t>>Ϳ͖>ŽĐĂƚŝŽ>^ϯϬϳϵϱ ϲϮ ^Ϭϭϯ^Ϭϱϱtϭϴ^t^t^^t ϱϵ͘ϬϰϯϭϰϬϰ Ͳϭϱϴ͘ϱϮϯϯϯϭ WƵďůŝĐ^ƵƉƉůǇ ϰϮϬϱϯ ϯϬϬϮϰϴ ŝƚǇKĨsĞŶĞƚŝĞ zƵŬŽŶͲ<ŽǇƵŬƵŬZ Wt^t>ϬϬϮ;t>>ηϮͿ͖ůŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ &ϬϮϱEϬϬϲϬϯE^^t^t ϲϳ͘Ϭϭϭϲϯϲ Ͳϭϰϲ͘ϰϭϵϬϳϭ WƵďůŝĐ^ƵƉƉůǇ ϰϮϮϯϯ ϯϵϬϵϭϴ ĞŶĂůŝƌŽǁƐEĞƐƚĂďŝŶƐ ĞŶĂůŝŽƌŽƵŐŚ E>/ZKt^E^d/E^͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^Ϯϵϯϯ ϱϬϬ &Ϭϭϯ^ϬϬϳtϯϰ^tEt^Et ϲϯ͘ϳϰϲϴϭ Ͳϭϰϴ͘ϴϵϰϰϲ WƵďůŝĐ^ƵƉƉůǇ ϰϮϮϵϯ ϯϵϭϳϬϮ ŝƚǇKĨsĞŶĞƚŝĞ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Wt^/ϯϵϭϳϬϮ͕>zEyZ<^dKZWƵďůŝĐ^ƵƉƉůǇ ϰϮϯϯϯ ϮϲϭϲϬϲ >ŽĞƐĐŚĞ͕ZĂǇ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Z/EKt</E'>K'͕Wt^/ϮϲϭϲϬϲ ϭϰϯ WƵďůŝĐ^ƵƉƉůǇ ϰϮϯϳϯ ϯϵϭϳϬϮ ƌĂŵĂƌŬ ĞŶĂůŝŽƌŽƵŐŚ >zEyZ<^dKZ͕Wt^/ϯϵϭϳϬϮ ϭϬϬ ϲϯ͘ϳϰϲϯϬϳϰ Ͳϭϰϴ͘ϴϵϳϭϱϲ WƵďůŝĐ^ƵƉƉůǇ ϰϮϰϱϱ ϮϵϵϬϮϱ Ed/KE>WZ<^Zs/ ŽƉƉĞƌZŝǀĞƌZ Ed/KE>WZ<^Zs/tZE'>>^d>/^s/^/dKZEdZ͖>Ž>^ϯϬϴϯϲ ϱϵϱ ϬϬϯEϬϬϭtϮϯ^t^t^^t ϲϮ͘Ϭϭϵϲϵ Ͳϭϰϱ͘ϯϲϰϰϭ WƵďůŝĐ^ƵƉƉůǇ ϰϮϰϵϰ ϮϮϱϳϮϴ dĂůŬĞĞƚŶĂ>ŽĚŐĞ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^/ϮϮϱϳϮϴd><dE>^<E>K'͕t>ϬϬϭ;t>>ηϭͿ͖>Ž>^ϯϬϴϰϵ ϮϰϮ ^ϬϮϲEϬϬϰtϯϬ^t^t^^t ϲϮ͘ϯϬϳϮϴϵϭ ͲϭϱϬ͘ϬϵϯϵϬϯ WƵďůŝĐ^ƵƉƉůǇ ϰϮϰϵϱ ϮϮϱϳϮϴ dĂůŬĞĞƚŶĂůĂƐŬĂŶ>ŽĚŐĞ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^/ϮϮϱϳϮϴd><dE>^<E>K'͕t>ϬϬϮͿ;t>>ηϮͿ͖>Ž>^ϯϬϴϱϬ ϮϮϮ ^ϬϮϲEϬϬϰtϯϬ^t^t^^t ϲϮ͘ϯϬϳϯϬϬϲ ͲϭϱϬ͘ϬϵϰϬϴϲ WƵďůŝĐ^ƵƉƉůǇ ϰϮϱϯϯ ϮϮϱϰϵϵ WƌŝƐŵĞƐŝŐŶŶĚŽŶƐƚƌƵĐƚŝŽŶ>ůĐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϯϲϬϬW>DZͲt^/>>,tz͖Wt^/ϮϮϱϰϵϵd^KZK^dKZϳϲ͕>^ϯϬϴϳϭ ϭϱϳ ^ϬϭϳEϬϬϭϬϳEtEtEtEt ϲϭ͘ϱϴϰϴϰϮϳ Ͳϭϰϵ͘ϯϱϴϯϯϳ WƵďůŝĐ^ƵƉƉůǇ ϰϮϱϵϯ ϮϲϬϯϯϯ ^ŽƵƚŚEĂŬŶĞŬŽŵŵƵŶŝƚǇtĞůů ƌŝƐƚŽůĂǇŽƌŽƵŐŚ Wt^/ϮϲϬϯϯϯ^Khd,E<E<KDDhE/dz͕t>ϬϬϮ;t>>ηϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď ϭϮϲ ^Ϭϭϳ^ϬϰϳtϭϬE^^^ ϱϴ͘ϳϭϮϮϬϬϮ Ͳϭϱϳ͘ϬϬϵϵϬϯ WƵďůŝĐ^ƵƉƉůǇ ϰϮϱϵϰ ϮϲϬϯϯϯ ^ŽƵƚŚEĂŬŶĞŬŽŵŵƵŶŝƚǇtĞůů ƌŝƐƚŽůĂǇŽƌŽƵŐŚ Wt^/ϮϲϬϯϯϯ^Khd,E<E<tdZ^z^dD͕t>ϬϬϭ;t>>ηϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞ Ϯϱϰ ^Ϭϭϳ^ϬϰϳtϭϬ^E^^ ϱϴ͘ϳϭϮϯϰϭϯ Ͳϭϱϳ͘ϬϬϵϳϯϱ WƵďůŝĐ^ƵƉƉůǇ WZh^^/KEZ/>>/E'Dd,K ϰϮϳϯϱ ϯϭϰϲϳϵ ŚĞŶĂZŝǀĞƌWƌŽƉĞƌƚŝĞƐ>ůĐ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ Wt^/ϯϭϰϲϳϵ ϰϬ &ϬϬϭ^ϬϬϮtϮϳ WƵďůŝĐ^ƵƉƉůǇ ϰϮϴϱϱ ϯϴϮϬϵϲ ŝƚǇKĨĂŐůĞ Wt^/ϯϴϮϬϵϲ'>>K't>>,Kh^͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘Ϯϲϰ &ϬϬϭ^ϬϯϯϯϭEt^t^tEt ϲϰ͘ϳϴϱϳϬϱϲ Ͳϭϰϭ͘ϮϬϳϱϬϰ WƵďůŝĐ^ƵƉƉůǇ ϰϮϴϵϯ ϮϮϬϰϲϵ ƌŽďĞŶŬŽ/ŶǀĞƐƚŵĞŶƚƐ>ůĐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DĞƌĐŝĨƵůƐƚĂƚĞƐ>dϭ͖Wt^/ϮϮϬϰϲϵ&/ZEdhdKZ/E'Ed>^ϯϬϵϯϬ ϵϬ ^ϬϭϴEϬϬϭϯϭ^E^t^t ϲϭ͘ϲϬϭϰϮϭϰ Ͳϭϰϵ͘ϯϱϰϮϲϯ WƵďůŝĐ^ƵƉƉůǇ ϰϮϴϵϲ ϮϭϳϵϬϴ ƌƚŝĐ^ŬŝŽǁů DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ EŽƌƚŚƐŝĚĞŽĨƌĐƟĐ^ŬŝŽǁů>ŽĚŐĞďƵŝůĚŝŶŐWt^/ϮϭϳϵϬϴ ϭϬϬ ^ϬϭϯEϬϬϭtϬϲ^E^tEt ϲϭ͘ϮϰϳϱϲϮϰ Ͳϭϰϵ͘ϱϯϮϴϴϯ WƵďůŝĐ^ƵƉƉůǇ ϰϮϵϳϯ ϮϮϬϰϳϬ &ƌŽŶƚĞƌĂƐ^ĐŚŽŽů DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dKtE^,/WϭϴEZE'ϭ^d/KEϯϭ>Kdϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚ>^ϯϬϳϬϰ ϵϬ ^ϬϭϴEϬϬϭϯϭ^EtEt^t ϲϭ͘ϲϬϱϮϯϮϮ Ͳϭϰϵ͘ϯϱϲϳϮϵϴ WƵďůŝĐ^ƵƉƉůǇ ϰϯϬϭϯ ϮϰϬϳϱϳ ŝƚǇKĨ^ĞǁĂƌĚ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ EKZd,^tZtdZdE</dzt>>EKϳ͖Wt^/ϮϰϬϳϱϳ^t>^ϯϭϱϰϲ Ϯϱϳ ^ϬϬϭEϬϬϭtϯϯEEE^ ϲϬ͘ϭϯϯϰϭϵ Ͳϭϰϵ͘ϰϰϳϬϵϴ WƵďůŝĐ^ƵƉƉůǇ ϰϯϬϭϰ ϯϳϮϴϭϯ EĞǁ,ŽƉĞDĞƚŚŽĚŝƐƚŚƵƌĐŚ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ ϮϯϳϭZtzZ͕Wt^/ϯϳϮϴϭϯ ϲϬ &ϬϬϭ^ϬϬϮϮϵ WƵďůŝĐ^ƵƉƉůǇ ϰϯϭϯϱ ϮϵϭϴϬϱ Ed/KE>WZ<^Zs/ ŽƉƉĞƌZŝǀĞƌZ EW^,Kh^/E's>KWDEdZ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘Ϯϯϰ ϬϬϰEϬϬϮtϮϯEt^tE^t ϲϮ͘ϭϭϭϯϱϴ Ͳϭϰϱ͘ϱϰϳϲϵϯ WƵďůŝĐ^ƵƉƉůǇ ϰϯϳϭϯ ϯϭϰϰϳϱ ƌŽƐƐZŽĂĚƐĂƉƚŝƐƚŚƵƌĐŚ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ ŶĚĞĐŽƚƚ,ŽŵĞƐƚĞĂĚ>dϮϬdZh͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϮϮϬϳϯ ϰϬ &ϬϬϭ^ϬϬϭϭϯ^^^^ ϲϰ͘ϴϮϬϲϰϱ Ͳϭϰϳ͘ϰϰϯϬϮϱ WƵďůŝĐ^ƵƉƉůǇ ϰϯϳϳϯ ϭϭϬϯϭϴ <ůĞŝŶ͕DǇƌŽŶ ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ ϵϵϱϬ^dW,EZ/,Z^Z͕t>>KDD/^^/KEϯͬϭϬͬϭϲ͕Wt^/ϮϭϭϬϯϭϴ Ϯϱ ϱϴ͘ϯϴϰϵϬϯ Ͳϭϯϰ͘ϱϳϳϴϴϭ WƵďůŝĐ^ƵƉƉůǇ ϰϯϳϳϱ ϭϭϬϯϭϴ <ůĞŝŶ͕DǇƌŽŶ ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ ϵϵϱϬ^dW,EZ/,Z^Z͕t>>KDD/^^/KEϯͬϴͬϭϲ͕Wt^/ϮϭϭϬϯϭϴ Ϯϱ ϱϴ͘ϯϴϰϵϰϭϭ Ͳϭϯϰ͘ϱϳϴϬϬϯ WƵďůŝĐ^ƵƉƉůǇ ϰϯϴϭϱ ϮϮϮϬϰϲϳ <E/<Z/sZ>K' DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Ϯϵϵϳϵ<E/<Z/sZZKt>>Ϯ >^ϯϬϳϮϱ ϭϬϯ ^ϬϭϲEϬϬϰϯϮE^t^E ϲϭ͘ϰϯϰϱϱϵ Ͳϭϰϴ͘ϳϲϲϳϯϳ WƵďůŝĐ^ƵƉƉůǇ ϰϯϴϯϯ ϯϵϮϬϰϭ hƐĂĨ ĞŶĂůŝŽƌŽƵŐŚ WtͲϭϮϱ͖Wt^/ϯϵϮϬϰϭ>Z&^>ZZ͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘Ϯϵϳ &ϬϬϳ^ϬϬϴtϮϬ^tE^t^t ϲϰ͘ϮϴϳϵϭϬϱ Ͳϭϰϵ͘ϭϵϮϲϴϴ WƵďůŝĐ^ƵƉƉůǇ ϰϯϴϯϲ ϯϴϭϰϮϮ ŝƚǇKĨEŽƌƚŚǁĂǇ ůĂƐŬĂ'ĂƚĞǁĂǇZ EKZd,tzt^,dZ/͕ϭ^d^dZd͖Wt^/ϯϴϭϰϮϮEKZd,tzt^,dZ/ͬϮϮϬ ϬϭϰEϬϭϴϮϯ^^EEt ϲϮ͘ϵϴϯϳϯϳϵ Ͳϭϰϭ͘ϵϰϴϭϵϲ WƵďůŝĐ^ƵƉƉůǇ ϰϰϬϵϯ ϮϲϮϮϰϲ ŝƚǇKĨDĂŶŽŬŽƚĂŬ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ DEK<Kd<,/',d^Wt^͖Wt^/ϮϲϮϮϰϲDEK<Kd<,/',d>^ϯϭϮϱϳ ϱϰ ^Ϭϭϰ^Ϭϱϴtϭϳ^tEt^tEt ϱϴ͘ϵϲϳϵϰϱϭ Ͳϭϱϴ͘ϵϯϱϲϮϯ WƵďůŝĐ^ƵƉƉůǇ ϰϰϭϭϯ ϮϲϮϮϰϲ ŝƚǇKĨDĂŶŽŬŽƚĂŬ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ DEK<Kd<,/',dWt^͖Wt^/ϮϲϮϮϰϲDEK<Kd<,/',d^>^ϯϭϮϱϳ ϱϰ ^Ϭϭϰ^Ϭϱϴtϭϳ^tEt^tEt ϱϴ͘ϵϲϳϰϱϯ Ͳϭϱϴ͘ϵϯϱϭϬϰ WƵďůŝĐ^ƵƉƉůǇ ϰϰϭϭϰ ϯϴϬϲϯϴ ůĂƐŬĂƌĞĂEĂƚŝǀĞ,ĞĂůƚŚ^ĞƌǀŝĐĞ ĞůƚĂͲ'ƌĞĞůǇZ dd>/Ehd/>/dz^z^dD͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϱϲ ϬϭϲEϬϭϱϮϲ^tEE^t ϲϯ͘ϭϯϳϭϮ ͲϭϰϮ͘ϱϭϵϱϵϮ WƵďůŝĐ^ƵƉƉůǇ ϰϰϭϯϯ ϯϰϬϭϴϯ hƐWƵďůŝĐ,ĞĂůƚŚ^ĞƌǀŝĐĞ ůĞƵƚŝĂŶZĞŐŝŽŶZ ^sKKE'Wh>/tdZ^hWW>z͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϵϱ <ϬϮϭ^ϬϲϭtϬϴ^EtEtE ϲϯ͘ϲϴϵϬϱϭ ͲϭϳϬ͘ϰϴϬϰϴϱ WƵďůŝĐ^ƵƉƉůǇ ϰϰϭϱϯ ϮϳϮϳϱϭ <ƵƐƉƵŬ^ĐŚŽŽůŝƐƚƌŝĐƚ <ƵƐƉƵŬZ Wt^/ϮϳϮϳϱϭ<^hWWZ<>^<'WZ/DZz^͕t>ϬϬϭ;t>t>>ϭͿ͖>ŽĐĂƚŝŽŶǀĞ ϭϭϯ ^ϬϭϳEϬϲϭtϮϮ^t^tEt^ ϲϭ͘ϱϰϱϯϭϴϲ ͲϭϲϬ͘ϯϭϴϮϲϴ WƵďůŝĐ^ƵƉƉůǇ ϰϰϭϱϰ ϮϳϮϳϱϭ <ƵƐƉƵŬ^ĐŚŽŽůŝƐƚƌŝĐƚ <ƵƐƉƵŬZ Wt^/ϮϳϮϳϱϭ<^hWWZ<>^<'WZ/DZz^͕t>ϬϬϭ;t>t>>ϭͿ͖>ŽĐĂƚŝŽŶǀĞ ϭϭϯ ^ϬϭϳEϬϲϭtϮϮ^t^tEt^ ϲϭ͘ϱϰϱϯϭϴϲ ͲϭϲϬ͘ϯϭϴϮϲϴ WƵďůŝĐ^ƵƉƉůǇ ϰϰϭϵϯ ϮϵϴϭϬϯ sĂůĚĞǌtĂƚĞƌ^ǇƐƚĞŵ ŚƵŐĂĐŚZ Wt^/ϮϵϴϭϬϯs>tdZ^z^dDͲD/E͕t>ϬϬϰ͕>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϳϴ ϬϬϴ^ϬϬϲtϯϭEtEEt^t ϲϭ͘ϭϯϭϭϲϰϲ Ͳϭϰϲ͘ϯϴϮϰϳϳ WƵďůŝĐ^ƵƉƉůǇ ϰϰϮϭϰ ϮϲϯϬϮϱ ZĂƉŝĚƐĂŵƉ>ŽĚŐĞ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Wt^/ϮϲϯϬϮϱZW/^DW>K'͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϬϬ ^Ϭϭϴ^ϬϰϰtϬϴ^^EE ϱϴ͘ϲϯϱϭϮϰϮ Ͳϭϱϲ͘ϱϲϵϵϭϲ WƵďůŝĐ^ƵƉƉůǇ ϰϰϮϱϯ ϯϰϬϭϱϵ sŝůůĂŐĞKĨEŽĂƚĂŬ EŽƌƚŚǁĞƐƚƌĐƚŝĐŽƌŽƵŐŚ Wt^/ϯϰϬϭϱϵEKd<KDDhE/dztdZ^z^dD͕t>ϬϬϮ;t>>ηϱͿ͖>ŽĐĂƚŝŽŶϰϮ <ϬϮϱEϬϭϵtϭϲEtEtEtE ϲϳ͘ϱϳϮϴϲϬϳ ͲϭϲϮ͘ϵϲϰϰϵϯ WƵďůŝĐ^ƵƉƉůǇ ϰϰϮϳϯ ϯϰϬϭϱϵ sŝůůĂŐĞKĨEŽĂƚĂŬ EŽƌƚŚǁĞƐƚƌĐƚŝĐŽƌŽƵŐŚ Wt^/ϯϰϬϭϱϵEKd<KDDhE/dztdZ^z^dD͕t>ϬϬϯ;t>>ηϲͿ͖>ŽĐĂƚŝŽŶϰϯ <ϬϮϱEϬϭϵtϬϵ^^^^t ϲϳ͘ϱϳϯϮϵϱϲ ͲϭϲϮ͘ϵϲϰϴϵ WƵďůŝĐ^ƵƉƉůǇ ϰϰϮϵϰ ϮϰϬϰϰϴ ŝƚǇKĨ<ĞŶĂŝ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ <E//dz͖Wt^t>ϬϬϳ;t>>ϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^ϯϭϯϱϯ Ϯϯϭ ^ϬϬϲEϬϭϭtϯϲ^EtE^ ϲϬ͘ϱϲϱϲϴϭ Ͳϭϱϭ͘ϭϮϭϭϰϴ WƵďůŝĐ^ƵƉƉůǇ ϰϰϴϱϯ ϮϮϭϯϮϭ DŽŶƚĂŶĂƌĞĞŬĂŵƉŐƌŽƵŶĚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DKEdEZ<DW'ZKhE͕Wt^/ϮϮϭϯϮϭ ϱϵ ϲϮ͘ϭϬϯϴϮϬϴ ͲϭϱϬ͘Ϭϱϵϭϱϴ WƵďůŝĐ^ƵƉƉůǇ ϰϰϴϱϰ ϮϮϬϰϴϱ dhZEZ͕Zy DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dZZ^dd,ZE,͖Wt^t>ϬϬϮ;t>>ηϱͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞ >^ϮϵϵϵϬ ϰϰϳ ^ϬϭϳEϬϬϭϭϲEtEt^t^ ϲϭ͘ϱϱϵϰϯϴϰ Ͳϭϰϵ͘ϮϴϯϰϮϰϮ WƵďůŝĐ^ƵƉƉůǇ ϰϰϴϳϯ Ϯϵϭϰϵϵ ŝƐŚŽƉ͕^Ăŵ Wt^/Ϯϵϭϰϵϵ'>EE>>EtdZtKZ<^͕t>ϬϬϮ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞ ϵϰ ϬϬϰEϬϬϮtϮϰ^t^t^^t ϲϮ͘ϭϬϲϳϴϮ Ͳϭϰϱ͘ϱϭϲϲϴϱ ϰϰϵϱϲ ϯϬϬϳϲϵ ŝƌĐůĞŝƚǇ zƵŬŽŶ&ůĂƚƐZ Wt^/ϯϬϬϳϲϵ/Z>t^,dZ/͕t>ϬϬϭ;/dzDW'ZKhEt>>Ϳ͖>ŽĐĂƚŝŽŶǀ ϰϬ &ϬϭϮEϬϭϴϯϭ ϲϱ͘ϴϮϱϬϴϴϱ Ͳϭϰϰ͘ϬϲϬϴϱϮ WƵďůŝĐ^ƵƉƉůǇ ϰϰϵϱϳ ϮϳϬϮϮϯ hƐWƵďůŝĐ,ĞĂůƚŚ^ĞƌǀŝĐĞ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ Wt^/ϮϳϬϮϮϯdh>h<^<tdZ^z^dD͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϰϵ ^ϬϭϮEϬϲϲtϮϳEt^tE^ ϲϭ͘Ϭϵϵ ͲϭϲϬ͘ϵϲϬϲϵ WƵďůŝĐ^ƵƉƉůǇ ϰϰϵϵϯ ϮϭϬϰϱϭ ZŝǀŝĞƌĂdĞƌƌĂĐĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ Wt^/ϮϭϬϰϱϭZ/s/ZdZZd͕t>ϬϬϮ;t>>ηϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ ^ϬϭϯEϬϬϯtϮϲEE^tEt ϲϭ͘ϭϵϬϵϰϬϵ Ͳϭϰϵ͘ϳϳϮϬϯϰ WƵďůŝĐ^ƵƉƉůǇ ϰϱϬϯϯ ϮϮϬϬϴϲ hŝĐŽŶƐƚƌƵĐƚŝŽŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^/ϮϮϬϬϴϲEKZd,^dZ,s/KZ>,>d,^z^dD͕t>ϬϬϭ;/Ed/st>t ϯϮϯ ^ϬϭϴEϬϬϮϮϳ^E^tE ϲϭ͘ϲϮϯϴϮϭϯ Ͳϭϰϵ͘Ϭϲϲϰϵϴ WƵďůŝĐ^ƵƉƉůǇ ϰϱϬϱϯ ϮϮϬϬϴϲ EŽƌƚŚ^ƚĂƌ,ŽƐƉŝƚĂů DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^/ϮϮϬϬϴϲEKZd,^dZ,s/KZ>,>d,^z^dD͕t>ϬϬϮ;t>t>>ηϮͿͲϯϬϮ ^ϬϭϴEϬϬϮϮϳ^Et^tE ϲϭ͘ϲϮϯϱϵϲϮ Ͳϭϰϵ͘Ϭϲϴϵϳ WƵďůŝĐ^ƵƉƉůǇ ϰϱϬϱϰ ϮϮϬϬϴϲ EŽƌƚŚ^ƚĂƌ,ŽƐƉŝƚĂů DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^/ϮϮϬϬϴϲEKZd,^dZ,s/KZ>,>d,^z^dD͕t>ϬϬϮ;t>t>>ηϮͿͲϯϬϮ ^ϬϭϴEϬϬϮϮϳ^Et^tE ϲϭ͘ϲϮϯϱϵϲϮ Ͳϭϰϵ͘Ϭϲϴϵϳ WƵďůŝĐ^ƵƉƉůǇ ϰϱϭϯϲ ϯϵϬϴϵϱ ZĂŐĂŶ͕Ě ĞŶĂůŝŽƌŽƵŐŚ D/>Ϯϯϴ͘ϲWZ<^,tz͖Wt^/ϯϵϬϴϵϱE>/Z/EKts/>>'͕t>ϬϬϯ;t>>η ϭϬϰ ϲϯ͘ϳϰϳϲϴϴϯ Ͳϭϰϴ͘ϴϵϴϱϲ WƵďůŝĐ^ƵƉƉůǇ ϰϱϭϱϯ ϮϭϮϭϮϴ &ƌĞĞŵĂŶ͕ŽŶĂůĚ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ϭϱϲϵ^Khd,Z't^d͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ ^ϬϭϯEϬϬϯtϮϮ^t^tEtEt ϲϭ͘ϮϬϳϭϬϲ Ͳϭϰϵ͘ϳϵϵϮϯϱ WƵďůŝĐ^ƵƉƉůǇ ϰϱϭϱϰ ϮϭϮϭϮϴ &ƌĞĞŵĂŶ͕ŽŶ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ϭϱϲϵ^Khd,Z't^d͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘Ϯϰϭ ^ϬϭϯEϬϬϯtϮϮEt^tEEt ϲϭ͘ϮϬϳϭϭ Ͳϭϰϵ͘ϳϵϵϭϯ WƵďůŝĐ^ƵƉƉůǇ ϰϱϭϲϬ ϮϭϯϱϯϬ DǇĞƌƐ͕WĂƵů DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ Wt^/ϮϭϯϱϯϬWdZ^Z<dZZWd^͕͘t>ϬϬϭ;tĞůůηϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď ϰϬϳ ^ϬϭϱEϬϬϭtϬϯ^tE^tE ϲϭ͘ϰϮϬϵϬϵϵ Ͳϭϰϵ͘ϰϯϬϯϱϵ WƵďůŝĐ^ƵƉƉůǇ ϰϱϭϲϭ ϮϭϯϱϯϬ DǇĞƌƐ͕WĂƵů DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ Wt^/ϮϭϯϱϯϬWdZ^Z<dZZWd^͕͘t>ϬϬϮ;tĞůůηϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď ϭϱϭ ^ϬϭϱEϬϬϭtϬϯ^tE^tE ϲϭ͘ϰϮϭϬϱϭ Ͳϭϰϵ͘ϰϯϬϯϰϰ WƵďůŝĐ^ƵƉƉůǇ ϰϱϭϳϯ ϮϭϯϱϯϬ &ŝƌƐƚ&ĞĚĞƌĂůĂŶŬ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ Wt^/ϮϭϯϱϯϬWdZ^Z<dZZWd^͕͘t>ϬϬϯ;tĞůůηϯͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď Ϯϴϭ ^ϬϭϱEϬϬϭtϬϯ^tE^tE ϲϭ͘ϰϮϭϭϱϬϮ Ͳϭϰϵ͘ϰϯϬϯϮϴ WƵďůŝĐ^ƵƉƉůǇ ϰϱϮϭϯ ϮϮϲϯϱϱ &ŝƐŚŚŽŽŬĂƌŶĚ>ŝƋƵŽƌ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^/ϮϮϲϯϱϱ&/^,,KK<ZΘ>/YhKZ^dKZϭϮϰ ^ϬϭϵEϬϬϭϯϰEE^^ ϲϭ͘ϲϴϵϭϳϬϴ Ͳϭϰϵ͘Ϯϯϵϳ WƵďůŝĐ^ƵƉƉůǇ ϰϱϮϭϰ ϮϮϱϰϭϵ sĂůůĞǇWůƵŵďŝŶŐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^/ϮϮϱϰϭϵ'ZKh^Z/'^,KKd/E'>h>>ϴϬ ^ϬϭϴEϬϬϭϬϵE^t^^ ϲϭ͘ϲϱϵϭϭϭ Ͳϭϰϵ͘ϮϳϲϵϲϮ WƵďůŝĐ^ƵƉƉůǇ ϰϱϮϭϱ ϮϮϲϬϰϲ ůĂƐŬĂŚƵƌĐŚKĨ'ŽĚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ E>^KE><Wt^/ϮϮϲϬϰϲd,K>/DWΘKE&ZED/E/^dZ/^ϰϵ ^ϬϭϴEϬϬϭϮϮEtEt^t^t ϲϭ͘ϲϯϭϭϬϯϱ Ͳϭϰϵ͘Ϯϳϭϲϲϳ WƵďůŝĐ^ƵƉƉůǇ ϰϱϮϭϲ ϯϵϮϭϬϲ ,>zh^/E^^WZ<>> ĞŶĂůŝŽƌŽƵŐŚ ,>z^D>>dZd^>Ϯϰ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϯϭϱϮϰ ϭϱϵ &ϬϭϮ^ϬϬϴtϭϯEtEE^ ϲϯ͘ϴϳϰϭϰ Ͳϭϰϵ͘ϬϭϵϬϲϰ WƵďůŝĐ^ƵƉƉůǇ ϰϱϯϱϯ ϮϳϭϳϮϭ EŝŐŚƚŵƵƚĞWǁƐ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵZ Wt^/ϮϳϭϳϮϭE/',dDhdEttdZ/E'WK/Ed͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϰϲ͘ϱ ^ϬϬϱEϬϴϴtϯϯE^E^ ϲϬ͘ϰϳϴϭϯϬϯ Ͳϭϲϰ͘ϳϮϬϳϬϯ WƵďůŝĐ^ƵƉƉůǇ ϰϱϯϱϰ ϮϮϬϰϲϱ ^ŶŽǁƐŚŽĞĐƌĞƐ>ůĐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^/ϮϮϬϰϲϱ^EKt^,KZ^>>͕t>ϬϬϭ >^Ϯϵϰϰϭ ϱϱϮ ^ϬϭϳEϬϬϭtϯϮ^t^tEtEt ϲϭ͘ϱϮϰϰϰϴϰ Ͳϭϰϵ͘ϱϬϳϮϰϴ WƵďůŝĐ^ƵƉƉůǇ ϰϱϯϵϯ ϮϮϬϰϰϯ dĞƌƌĂĐĞKŶdŚĞ>ĂŬĞ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^/ϮϮϬϰϰϯdZZKEd,><͕t>ϬϬϭ >^Ϯϵϰϱϭ ϭϵϳ ^ϬϭϳEϬϬϭtϬϭ^^^Et ϲϭ͘ϱϵϯϮϬϴϯ Ͳϭϰϵ͘ϯϳϱϮϭϰ WƵďůŝĐ^ƵƉƉůǇ ϰϱϰϱϯ ϮϮϱϱϭϭ tĞƐƚǁŽŽĚtĂƚĞƌŽŵƉĂŶǇ/ŶĐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t^dtKKW,ϭ>ϮϬϭ͕Wt^/ϮϮϱϱϭϭt^dtKKtdZKDWEz/E͕t>Ϭ ϱϲ ^ϬϭϴEϬϬϭtϮϴE^tEE ϲϭ͘ϲϮϱϳϲϲϴ Ͳϭϰϵ͘ϰϱϲϮϯϴ WƵďůŝĐ^ƵƉƉůǇ ϰϱϰϱϰ ϮϮϱϱϭϭ tĞƐƚǁŽŽĚtĂƚĞƌŽŵƉĂŶǇ/ŶĐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t^dtKKW,ϭ>ϮϬϭ͕Wt^/ϮϮϱϱϭϭt^dtKKtdZKDWEz/E͕t>ϬϬ ϱϲ ^ϬϭϴEϬϬϭtϮϴE^tEE ϲϭ͘ϲϮϱϳϭϯϯ Ͳϭϰϵ͘ϰϱϲϰϬϲ WƵďůŝĐ^ƵƉƉůǇ ϰϱϰϱϱ ϮϮϱϱϭϭ tĞƐƚǁŽŽĚtĂƚĞƌŽŵƉĂŶǇ/ŶĐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^/ϮϮϱϱϭϭt^dtKKtdZKDWEz/Et>ϬϬϯ ϱϲ ^ϬϭϴEϬϬϭtϮϴE^tEE ϲϭ͘ϲϮϱϳϬϭϵ Ͳϭϰϵ͘ϰϱϲϬϯϵ WƵďůŝĐ^ƵƉƉůǇ ϰϱϰϳϰ ϮϰϬϰϰϴ <ĞŶĂŝtĂƚĞƌ^ǇƐƚĞŵ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Wt^/ϮϰϬϰϰϴͺt>ϬϬϮt>>,Kh^t>t>>ηϮ͖Wt^t>ϬϬϮ;t>>ηϮͿ͖>ŽĐĂƚŝ ϮϰϬ ^ϬϬϲEϬϭϭtϯϲEt^tE^ ϲϬ͘ϱϲϰϴϬϭ Ͳϭϱϭ͘ϭϮϭϳϮϳ WƵďůŝĐ^ƵƉƉůǇ ϰϱϰϳϱ ϮϰϬϰϰϴ <ĞŶĂŝtĂƚĞƌ^ǇƐƚĞŵ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Wt^t>ϬϬϲ;t>>ϮͿ >^ϯϱϮϲϮ ϮϬϴ ^ϬϬϲEϬϭϭtϯϲEt^tE^ ϲϬ͘ϱϲϰϳϭϲϯ Ͳϭϱϭ͘ϭϮϭϴϭϭ WƵďůŝĐ^ƵƉƉůǇ ϰϱϰϵϯ ϮϰϬϰϰϴ <ĞŶĂŝtĂƚĞƌ^ǇƐƚĞŵ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Wt^t>ϬϬϴ;t>>ϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^ϮϵϬϰϱ Ϯϯϱ ^ϬϬϲEϬϭϭtϯϲ^tEtE^ ϲϬ͘ϱϲϱϴϰ Ͳϭϱϭ͘ϭϮϭϲϲϵ WƵďůŝĐ^ƵƉƉůǇ ϰϱϱϭϲ ϮϮϱϰϵϵ dĞƐŽƌŽ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^/ϮϮϱϰϵϵd^KZK͕t>>KDD/^^/KEϭϬͬϮϳͬϭϱ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶ ϯϬϱ ^ϬϭϳEϬϬϭϬϳEtEtEtEt ϲϭ͘ϱϴϰϴ Ͳϭϰϵ͘ϯϱϴϯϯ WƵďůŝĐ^ƵƉƉůǇ ϰϱϱϭϳ ϮϰϳϰϵϬ ŶĐŚŽƌWŽŝŶƚ^ĂĨĞtĂƚĞƌŽƌƉŽƌĂƚŝŽŶ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ^ĂŵĞĂƐtĞůů>ŽŐϳϰϵϳ͖Wt^/ϮϰϳϰϵϬE,KZWK/Ed^&tdZKZWKZd/KE ϭϵ ^ϬϬϱ^ϬϭϱtϬϰEtEt^tE ϱϵ͘ϳϳϱϲϲϭϱ Ͳϭϱϭ͘ϴϰϭϭϴϳ WƵďůŝĐ^ƵƉƉůǇ ϰϱϱϯϯ ϮϲϬϬϯϮ dǁŝŶ,ŝůůƐtĂƚĞƌ^ǇƐƚĞŵ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ Wt^/ϮϲϬϬϯϮdt/E,/>>^tdZ^z^dD͕t>ϬϬϯ;EĞǁtĞůůϭ͕ĂƐƚtĞůůͿ͖>ŽĐĂƚŝŽ ϭϬϬ ^Ϭϭϯ^Ϭϲϲtϭϲ^^EE ϱϵ͘Ϭϳϳϰϵϵϰ ͲϭϲϬ͘ϮϴϮϳϳϲ WƵďůŝĐ^ƵƉƉůǇ ϰϱϱϱϯ ϮϲϬϬϯϮ dǁŝŶ,ŝůůƐtĂƚĞƌ^ǇƐƚĞŵ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Wt^/ϮϲϬϬϯϮdt/E,/>>^tdZ^z^dDt>ϬϬϰ;EĞǁtĞůůϮ͕tĞƐƚtĞůůͿ͖>ŽĐĂƚŝ ϱϬ ^Ϭϭϯ^ϬϲϲtϬϰ^EE^ ϱϵ͘Ϭϳϳϰϵϵϰ ͲϭϲϬ͘ϮϴϮϴϱϮ WƵďůŝĐ^ƵƉƉůǇ ϰϱϲϱϯ ϮϲϬϬϵϬ DĂŶŽŬŽƚĂŬ^ĐŚŽŽů ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ DEK<Kd<Wt^/ϮϲϬϬϵϬ/Ed/st>>;Z/Ϳ Ϯϯϱ ^Ϭϭϰ^ϬϱϵtϭϮ WƵďůŝĐ^ƵƉƉůǇ ϰϱϲϳϯ ϮϲϬϬϵϬ DĂŶŽŬŽƚĂŬ^ĐŚŽŽůtĞůů ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ DKEK<Kd<^,KK>t>> ^Ϭϭϰ^ϬϱϵtϭϮ^tEt^tEt ϱϴ͘ϵϳϵϴϯϭϳ Ͳϭϱϵ͘ϬϱϳϭϮϵ WƵďůŝĐ^ƵƉƉůǇ ϰϱϲϳϰ ϮϲϬϬϵϬ DĂŶŽŬŽƚĂŬ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ DKEK<Kd<EKE,/>>^/t>> ^Ϭϭϰ^ϬϱϵtϭϮ^t^t^tEt ϱϴ͘ϵϳϴϮϮϵϱ Ͳϭϱϵ͘Ϭϱϲϳϰϳ WƵďůŝĐ^ƵƉƉůǇ ϰϱϲϳϱ ϮϲϬϬϵϬ DĂŶŽŬŽƚĂŬ ^ŽƵƚŚĞĂƐƚ/ƐůĂŶĚZ DEK<Kd<D/E/dzt>> ^Ϭϭϰ^ϬϱϵtϭϮ WƵďůŝĐ^ƵƉƉůǇ ϰϱϲϳϲ ϮϲϬϬϵϬ DĂŶŽŬŽƚĂŬ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ DEK<Kd<t>> ^Ϭϭϰ^ϬϱϵtϭϮ WƵďůŝĐ^ƵƉƉůǇ ϰϱϲϳϳ ϮϲϬϬϵϬ DĂŶŽŬŽƚĂŬ ^ŽƵƚŚĞĂƐƚ/ƐůĂŶĚZ KDWtϳ^Ϭϭϰ^Ϭϱϴtϭϱ WƵďůŝĐ^ƵƉƉůǇ ϰϱϲϳϴ ϮϲϬϬϵϬ DĂŶŽŬŽƚĂŬ ^ŽƵƚŚĞĂƐƚ/ƐůĂŶĚZ KDWtϵ͕t>>EKEϮϬϬ ^Ϭϭϰ^Ϭϱϴtϭϰ WƵďůŝĐ^ƵƉƉůǇ ϰϱϲϳϵ ϮϲϬϬϵϬ DĂŶŽŬŽƚĂŬ ^ŽƵƚŚǁĞƐƚZĞŐŝŽŶZ KDWtϴ͕K>DEK<Kd< ^Ϭϭϰ^Ϭϱϴtϭϱ ϱϴ͘ϵϳϴϴϲϮϴ Ͳϭϱϵ͘Ϭϱϱϱϭϭ WƵďůŝĐ^ƵƉƉůǇ ϰϱϲϴϬ ϮϲϬϬϵϬ DĂŶŽŬŽƚĂŬ ^ŽƵƚŚĞĂƐƚ/ƐůĂŶĚZ KDWtϳ͕K>DE<Kd<͕t>>EKE ^Ϭϭϰ^Ϭϱϴtϭϱ WƵďůŝĐ^ƵƉƉůǇ ϰϱϳϭϰ ϮϭϬϵϬϲ DƵŶŝĐŝƉĂůŝƚǇKĨŶĐŚŽƌĂŐĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ D/>/dZzt>>ηϭ͕t>>ηϮϱ͖Wt^/ϮϭϬϵϬϲDKDhE//W>/dzK&E,KZ'ϭϴϯ ^ϬϭϯEϬϬϮtϯϬEt^t^t^t ϲϭ͘ϭϴϮϰϭϴϴ Ͳϭϰϵ͘ϳϭϳϬϭ WƵďůŝĐ^ƵƉƉůǇ ϰϱϳϵϴ ϮϭϬϵϬϲ ŶĐŚŽƌĂŐĞtĂƚĞƌŶĚtĂƐƚĞǁĂƚĞƌhƚŝůŝƚǇ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ tĞůůϭϬ͖Wt^/ϮϭϬϵϬϲDKDhE//W>/dzK&E,KZ'͕t>>ϱϰϴϱϬ ϵϱ ^ϬϭϯEϬϬϯtϯϲE^^E ϲϭ͘ϭϳϱϮϬϱϮ Ͳϭϰϵ͘ϳϭϵϮϱϰ WƵďůŝĐ^ƵƉƉůǇ ϰϱϴϭϯ ϮϭϬϵϬϲ ŶĐŚŽƌĂŐĞtĂƚĞƌŶĚtĂƐƚĞǁĂƚĞƌhƚŝůŝƚǇ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ tĞůůϭϭ͖Wt^/ϮϭϬϵϬϲDKDhE//W>/dzK&E,KZ'͕t>>ϱϰϴϱϬ ϴϵ͘ϱ ^ϬϭϯEϬϬϯtϯϲEtEtE^ ϲϭ͘ϭϳϮϴϳϴϯ Ͳϭϰϵ͘ϳϮϰϰϳϮ WƵďůŝĐ^ƵƉƉůǇ KK</E>dYh/&Z^z^dD ϰϱϴϱϯ Ϯϳϭϵϴϯ ŽŶůŝŶ'ŽůĚ>ůĐ <ƵƐƉƵŬZ KE>/EDWt>>ϰ͖Wt^/ϮϳϭϵϴϯKE>/E'K>DW͕t>ϬϬϮ;tĞůůηϰͿ͖>ŽĐĂ ϲϬϬ ^ϬϮϮEϬϰϵtϬϮ^t^t^Et ϲϮ͘ϬϮϲϯϮϵ Ͳϭϱϴ͘Ϯϭϴϲϳϰ WƵďůŝĐ^ƵƉƉůǇ /E/d/>t>>>K'EKds/>>͘d/^&ZKD/E^Wd/KE dKZdt>>>K'zZKtWhDWΘt>>^Zs/>> ;ϵϬϳͿϯϰϲͲϵϯϱϱKEϮϭKdϭϬ ϰϲϭϯϰ ϮϰϬϮϮϴ hƐĨƐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ƌĞƐĐĞŶƚƌĞĞŬĂŵƉŐƌŽƵŶĚ ϯϭ ^ϬϬϱEϬϬϮtϯϬEEt^E ϲϬ͘ϰϵϴϬϱϬϳ Ͳϭϰϵ͘ϲϴϱϲϵϵ WƵďůŝĐ^ƵƉƉůǇ ϰϲϭϳϯ ϮϮϬϰϳϰ ,нŚŽŶƐƚƌƵĐƚŝŽŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^ϯϭϲϭϬ ϲϳ ^ϬϭϳEϬϬϮtϭϮ^EtEtE ϲϭ͘ϱϴϯϰϵϯ Ͳϭϰϵ͘ϱϱϯϳϭϴ WƵďůŝĐ^ƵƉƉůǇ ϰϲϭϵϯ ϯϳϬϮϳϳ ŽǇ^ĐŽƵƚƐ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ ŽǇ^ĐŽƵƚƐ>ŽƐƚ>ĂŬĞĂŵƉǁĞůůϭ ϵϬ &ϬϬϳ^ϬϬϱϮϯ^^EtE ϲϰ͘ϮϵϳϬϭϮϯ Ͳϭϰϲ͘ϲϵϮϬϰϳ WƵďůŝĐ^ƵƉƉůǇ ϰϲϭϵϰ ϯϳϬϮϳϳ ŽǇ^ĐŽƵƚƐKĨŵĞƌŝĐĂ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ ŽǇ^ĐŽƵƚƐŽĨŵĞƌŝĐĂ>ŽƐƚ>ĂŬĞĂŵƉtĞůůϮ ϮϬϱ &ϬϬϳ^ϬϬϱϮϯ^t^tEE ϲϰ͘Ϯϵϲϵϴϭϴ Ͳϭϰϲ͘ϲϵϭϲϵϲ WƵďůŝĐ^ƵƉƉůǇ ϰϲϭϵϲ ϮϰϵϮϯϭ ƌŝĐŬƐŽŶ͕:ĞĨĨ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ϯϯϳϱ^ƚĞƌůŝŶŐ,ǁǇ,ŽŵĞƌ͕<ϵϵϲϬϯ͖Wt^/ϮϰϵϮϯϭzZ^d&h>^ϯϭϲϯϬ ϭϰϲ ^ϬϬϲ^ϬϭϰtϭϱE^^tE ϱϵ͘ϲϱϴϭϳϮϲ Ͳϭϱϭ͘ϲϯϲϲϱϴ WƵďůŝĐ^ƵƉƉůǇ ϰϲϭϵϴ Ϯϰϵϭϯϰ ŐĞǇĂWƌŽƉĞƌƚŝĞƐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ŐĞǇĂ,ŽŵĞƐƚĞĂĚ ^ϬϬϲ^ϬϭϯtϬϰEt^Et^ ϱϵ͘ϲϴϯϰϰϭϮ Ͳϭϱϭ͘ϰϵϳϴϲϰ WƵďůŝĐ^ƵƉƉůǇ ϰϲϯϭϯ ϮϳϬϭϱϬ DŽƵŶƚĂŝŶsŝůůĂŐĞWƵŵƉŚŽƵƐĞηϮ >ŽǁĞƌzƵŬŽŶZ DŽƵŶƚĂŝŶsŝůůĂŐĞWƵŵƉŚŽƵƐĞηϮ͕Wt^/ϮϳϬϭϱϬDKhEd/Es/>>'tdZ^z^d ϭϰϬ ^ϬϮϯEϬϳϵtϭϰ WƵďůŝĐ^ƵƉƉůǇ ϰϲϯϵϯ ϯϭϬϳϯϬ 'ŽůĚĞŶ,ĞĂƌƚhƚŝůŝƚŝĞƐ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ Wt^/ϯϭϬϳϯϬ'K>E,Zdhd/>/d/^͕t>ϬϬϭ;tĞůůϭͿ͖&ŽƌǀĞƌŝĨŝĞĚůŽĐĂƚŝŽŶƉůĞ ϴϮ͘ϲ &ϬϬϭ^ϬϬϭtϭϬ^tEEtEt ϲϰ͘ϴϰϳϰϭϮϭ Ͳϭϰϳ͘ϳϯϳϵ WƵďůŝĐ^ƵƉƉůǇ ϰϲϯϵϰ ϯϭϬϳϯϬ 'ŽůĚĞŶ,ĞĂƌƚhƚŝůŝƚŝĞƐ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ Wt^/ϯϭϬϳϯϬ'K>E,Zdhd/>/d/^͕t>ϬϬϮ;tĞůůϮͿ͖&ŽƌǀĞƌŝĨŝĞĚůŽĐĂƚŝŽŶƉůĞ ϴϲ &ϬϬϭ^ϬϬϭtϭϬ^EEtEt ϲϰ͘ϴϰϳϰϭϮϭ Ͳϭϰϳ͘ϳϯϳϵ WƵďůŝĐ^ƵƉƉůǇ ϰϲϯϵϱ ϯϭϬϳϯϬ 'ŽůĚĞŶ,ĞĂƌƚhƚŝůŝƚŝĞƐ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ Wt^/ϯϭϬϳϯϬ'K>E,Zdhd/>/d/^͕t>ϬϬϯ;tĞůůϯͿ͖&ŽƌǀĞƌŝĨŝĞĚůŽĐĂƚŝŽŶƉůĞ ϴϳ͘ϯ &ϬϬϭ^ϬϬϭtϭϬ^tEtEEt ϲϰ͘ϴϰϳϰϭϮϭ Ͳϭϰϳ͘ϳϯϳϵ WƵďůŝĐ^ƵƉƉůǇ ϰϲϯϵϲ ϯϭϬϳϯϬ 'ŽůĚĞŶ,ĞĂƌƚhƚŝůŝƚŝĞƐ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ Wt^/ϯϭϬϳϯϬ'K>E,Zdhd/>/d/^͕t>ϬϬϰ;&ŝƌĞtĞůůηϯͿ͖&ŽƌǀĞƌŝĨŝĞĚůŽĐĂƚŝŽ ϴϮ͘ϱ &ϬϬϭ^ϬϬϭtϭϬE^tEtEt ϲϰ͘ϴϰϳϰϭϮϭ Ͳϭϰϳ͘ϳϯϳϵ WƵďůŝĐ^ƵƉƉůǇ ^ĞĞtĞůů>ŽŐW&ĨŽƌǁĞůůƐĐŚĞŵĂƚŝĐƐ ϰϲϰϵϯ Ϯϲϭϰϳϴ tĂƌĚŽǀĞWĂĐŬŝŶŐŽ ƌŝƐƚŽůĂǇŽƌŽƵŐŚ ZĞĚ^ĂůŵŽŶWůĂŶƚ͕EĂŬŶĞŬ͕< >^ϯϯϴϴϰ ϮϮϮ ^Ϭϭϲ^ϬϰϲtϯϮ^t^t^^ ϱϴ͘ϳϯϵϱϭϯϰ Ͳϭϱϲ͘ϵϳϵϱϬϳ WƵďůŝĐ^ƵƉƉůǇ ϰϲϱϭϯ ϮϮϰϳϲϵ ,ƵďďƐ͕ĞůƌĂǇ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ĂŵƉ>ĂĚĂƐĂ͘tĞůůηϮ^ŚŽǁĞƌŚŽƵƐĞ͘ϮϮϵϴϱŽǁŶŝŶŐZĚ͘dKtE^>^ϯϭϳϮϭ ϵϳ ^ϬϭϵEϬϬϰtϮϭ^E^t^t ϲϭ͘ϳϭϳϱϮϵ ͲϭϱϬ͘ϬϭϵϬϯϳ WƵďůŝĐ^ƵƉƉůǇ ϰϲϱϯϯ ϮϰϮϮϰϲ hƐ&ŽƌĞƐƚ^ĞƌǀŝĐĞ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ 'ƌĂŶŝƚĞƌĞĞŬηϮ ϯϳ ^ϬϬϳEϬϬϭϬϰ^tEE^t ϲϬ͘ϳϮϰϳϲϵϲ Ͳϭϰϵ͘ϮϵϬϯϭϰ WƵďůŝĐ^ƵƉƉůǇ ϰϲϱϯϰ ϮϰϬϮϯϲ hƐ&ŽƌĞƐƚ^ĞƌǀŝĐĞ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ 'ƌĂŶŝƚĞƌĞĞŬηϭ ϰϮ ^ϬϬϳEϬϬϭϬϰEtEt^^t ϲϬ͘ϳϮϭϯϲϯϭ Ͳϭϰϵ͘ϮϵϮϲϬϯ WƵďůŝĐ^ƵƉƉůǇ ϰϲϱϯϱ ϯϵϭϱϱϴ DĐ'ĂŶŶ͕ZŝĐŚĂƌĚ ĞŶĂůŝŽƌŽƵŐŚ ĂŶƚǁĞůůZsWĂƌŬt>ϬϬϭ ϱϳ &Ϭϭϳ^ϬϬϳtϯϯ^E^t^t ϲϯ͘ϯϵϯϬϵϲϵ Ͳϭϰϴ͘ϵϭϮϱϲϳ WƵďůŝĐ^ƵƉƉůǇ ϰϲϱϱϯ ϯϲϬϮϳϮ ŝƚǇKĨ'ĂůĞŶĂ Wt^/ϯϲϬϮϳϮ'>EtdZ^z^dDtdWͲϭ͕t>ϬϬϭ;t^dt>>Ϳ͖>ŽĐĂƚŝŽŶǀĞƌ ϯϯϲ <ϬϬϵ^ϬϭϬϬϰ^EtEtE ϲϰ͘ϳϰϯϮϳϬϵ Ͳϭϱϲ͘ϴϳϰϰϴϭ WƵďůŝĐ^ƵƉƉůǇ ϰϲϱϱϰ ϯϲϬϮϳϮ ŝƚǇKĨ'ĂůĞŶĂ Wt^/ϯϲϬϮϳϮ'>EtdZ^z^dDtdWͲϭ͕t>ϬϬϮ;^dt>>Ϳ͖>ŽĐĂƚŝŽŶǀĞƌŝĨ ϯϬϳ <ϬϬϵ^ϬϭϬϬϰEt^tEE ϲϰ͘ϳϰϮϭϮϲϱ Ͳϭϱϲ͘ϴϲϳϵϲϲ WƵďůŝĐ^ƵƉƉůǇ ϰϲϱϱϱ ϯϲϬϭϱϵ ŝƚǇKĨ'ĂůĞŶĂ ttϳtĂƚĞƌWůĂŶƚ ϭϵϴ͘ϱ <ϬϬϵ^ϬϭϬϬϲEE^tEt ϲϰ͘ϳϰϬϬϮϬϴ Ͳϭϱϲ͘ϵϱϱϯϮϮ WƵďůŝĐ^ƵƉƉůǇ ϰϲϱϳϯ ϯϲϬϮϯϬ sŝůůĂŐĞKĨĞĂǀĞƌ ĞĂǀĞƌtĂƚĞƌ^ǇƐƚĞŵϭƐƚǀĞZŝǀĞƌĂŶŬ͖Wt^t>ϬϬϭ͖>ŽĐĂƟŽŶǀĞƌŝĮĞĚďǇ͘ &ϬϭϴEϬϬϮϯϬEt^^E ϲϲ͘ϯϱϴϮϯϰ Ͳϭϰϳ͘ϯϵϳϭϱϵ WƵďůŝĐ^ƵƉƉůǇ ϰϲϱϵϯ ϯϴϬϰϲϴ h͘Ɛ͘ƵƐƚŽŵƐ^ƚĂƚŝŽŶ ůĂƐŬĂͲzƵŬŽŶ,ŝŐŚǁĂǇůĐĂŶŽƌĚĞƌ^ƚĂƟŽŶtĞůůϭ ϯϴϬ WƵďůŝĐ^ƵƉƉůǇ ϰϲϱϵϰ ϯϴϬϰϲϴ 'ĞŶĞƌĂů^ĞƌǀŝĐĞƐĚŵŝŶŝƐƚƌĂƚŝŽŶ ůĐĂŶŽƌĚĞƌ^ƚĂƚŝŽŶtĞůůϮ ϰϬϬ ϲϮ͘ϲϮϭϰϮϱϲ Ͳϭϰϭ͘ϬϬϳϵϲϱ WƵďůŝĐ^ƵƉƉůǇ ϰϲϲϳϱ ϯϭϮϰϭϱ ^ĂůĐŚĂ&ĂŝƌƐƐŽĐ͘ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ 'ƌŝĞƌĞZĚ͘ϲϳϴϬZŝĐŚĂƌĚƐŽŶ,ǁǇ͘Wt^/ϯϭϮϰϭϱ^>,KDDhE/dztdZ/E'ϲϬ &ϬϬϰ^ϬϬϰϭϴ^t^^t^t ϲϰ͘ϱϲϬϵϭϯ Ͳϭϰϳ͘ϬϯϰϯϮϴ WƵďůŝĐ^ƵƉƉůǇ ϰϲϲϵϳ ϮϮϯϰϱϱ >ŝƚƚůĞĞĂǀĞƌĂŵƉ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ >ŝƚƚůĞĞĂǀĞƌĂŵƉ>ŽǁĞƌtĞůů ^ϬϭϳEϬϬϯtϬϵE^^t^t ϲϭ͘ϱϳϭϱϴϮϴ Ͳϭϰϵ͘ϴϯϲϬϳϱ WƵďůŝĐ^ƵƉƉůǇ ϰϲϵϱϯ ϯϵϮϬϲϳ dŚƌĞĞĞĂƌƐ ĞŶĂůŝŽƌŽƵŐŚ Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϴϮ &ϬϭϮ^ϬϬϴtϭϯ^^^t^ ϲϯ͘ϴϲϳϱϮ Ͳϭϰϵ͘ϬϮϰϵϬϳ WƵďůŝĐ^ƵƉƉůǇ ϰϲϵϵϯ EŽƚWƌŽǀŝĚĞ dƵƌŶĞƌ͕ZĞǆ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WĂƌĐĞů/ϳϬϰϯϲDĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚƌĞĂůƉƌŽƉĞƌƚǇĂĐĐŽƵŶƚ͗ϰϮϵϳϬϭ>ϬϬϱ ϭϳϱ ^ϬϭϳEϬϬϭϭϲEtEt^t^ ϲϭ͘ϱϱϵϰϮϰ Ͳϭϰϵ͘Ϯϴϯϳ WƵďůŝĐ^ƵƉƉůǇ ϰϳϬϯϯ Ϯϭϴϴϭϵ ĂďĂŶĂ͕dŝŵ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ WĂƌĐĞů/ϬϳϱͲϭϲϯͲϰϰͲϬϬϬ'ŝƌĚǁŽŽĚƌĞǁĞƌǇϮϳϬϬůǇĞƐŬĂ,ǁǇ'ŝƌĚǁŽŽĚ͕<ϵϵϱϴ ϯϰϯ ^ϬϭϬEϬϬϮϭϳEE^E ϲϬ͘ϵϱϵϵϴϰ Ͳϭϰϵ͘ϭϮϯϲϭϭ WƵďůŝĐ^ƵƉƉůǇ ϰϳϭϭϯ ϮϭϴϴϮϭ ŶĐŚŽƌDŝƐƐŝŽŶĂƌǇĂƉƚŝƐƚŚƵƌĐŚ͕/ŶĐ͘ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ WĂƌĐĞůϬϭϱͲϱϬϭͲϬϱͲϬϬϬϱϬϳϱŽΖŵĂůůĞǇƌĚĂŶĐŚŽƌĂŐĞ͕ĂŬϵϵϱϬϳŽƵ>^ϯϮϭϬϵ ϯϮϱ ^ϬϭϮEϬϬϯtϭϱ^t^t^t^ ϲϭ͘ϭϮϯϯϯϴ Ͳϭϰϵ͘ϳϴϲϴϰϴ WƵďůŝĐ^ƵƉƉůǇ ϰϳϮϯϯ ϮϮϬϰϴϭ ,ĂĐŬĞƌ͕:ŝŵ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WĂƌĐĞů/ϱϮϯϱϳϮ͘&Z/ZΖ^tz>Kdϯ͘,ϱĐŽŶƐƚƌƵĐƚŝŽŶ>>͖͘Wt^>^ϯϮϭϰϲ ϭϭϬ ^ϬϭϳEϬϬϭtϬϮ^t^tE^t ϲϭ͘ϱϴϴϳϯϯϳ Ͳϭϰϵ͘ϰϭϭϴϲϱ WƵďůŝĐ^ƵƉƉůǇ >ŽŐ/Ě Wt^/ KǁŶĞƌ ZĞŐŝŽŶ WĂƌĐĞůĞƐĐƌŝƉƚŝŽŶ >^ tĞůů ĞƉƚŚ DdZ^ >ĂƚŝƚƵĚĞ >ŽŶŐŝƚƵĚĞ tĞůůhƐĞ ƌŝůůĞƌƐŽŵŵĞŶƚƐ ^ƚĂƚĞǁŝĚĞWƵďůŝĐtĞůůƐͲt>d^ ϰϳϯϭϯ ϮϮϲϬϱϬ DĂƚĂŶƵƐŬĂͲƐƵƐŝƚŶĂŽƌŽƵŐŚWĂƌŬƐŶĚZĞĐƌĞĂƚŝŽŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WĂƌĐĞů/ϴϰϴϮϲ͘dKtE^,/WϭϳEZE'Ϯ^d/KEϯϲ>Kdϭ͘DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂ ϲϳ ^ϬϭϳEϬϬϮϯϲEtEtEE ϲϭ͘ϱϮϲϵϳϮ Ͳϭϰϵ͘ϬϬϮϰϳ WƵďůŝĐ^ƵƉƉůǇ ϰϳϯϱϯ ϮϮϬϰϳϲ DŽƐƐĂŶĞŶ͕^ĂƐƐĂŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WĂƌĐĞů/ϯϱϬϲϯ͘dKtE^,/WϮϰEZE'ϰt^d/KEϮϭ>Kdϰ͘d >^ϯϭϵϴϲ ϭϰϱ ^ϬϮϰEϬϬϰtϮϭ^EtEtEt ϲϮ͘ϭϲϭϳϴϭϯ ͲϭϱϬ͘ϬϮϵϲϬϮ WƵďůŝĐ^ƵƉƉůǇ ϰϳϯϱϰ ϮϮϬϰϳϲ DŽƐƐĂŶĞŶ͕^ĂƐƐĂŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WĂƌĐĞů/ϯϱϬϲϯ͘dKtE^,/WϮϰEZE'ϰt^d/KEϮϭ>Kdϰ͘d >^ϯϭϵϴϲ ϭϰϯ ^ϬϮϰEϬϬϰtϮϭ^EtEtEt ϲϮ͘ϭϲϭϱϭϰϯ ͲϭϱϬ͘ϬϮϵϲϲϯ WƵďůŝĐ^ƵƉƉůǇ ϰϳϯϱϱ ϮϮϬϰϳϲ DĞĂĚƐ͕^ƚĞǀĞŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WĂƌĐĞů/ϭϱϯϳϴ͘dKtE^,/WϮϰEZE'ϰt^d/KEϮϭ>Kdϱ͘W>^ϯϭϵϴϲ ϭϯϵ ^ϬϮϰEϬϬϰtϮϭ^EtEtEt ϲϮ͘ϭϲϬϵϳϮϲ ͲϭϱϬ͘ϬϮϵϲϭϳ WƵďůŝĐ^ƵƉƉůǇ ƌŝůůĞƌƐƵŐŐĞƐƚĞĚƉůĂĐŝŶŐƉƵŵƉĂƚϭϯϬĨƚďĞůŽǁƚŚĞƚŽƉŽĨƚŚĞ ĐĂƐŝŶŐ;ϭϮϴĨƚďĞůŽǁŐƌŽƵŶĚůĞǀĞůͿ͘ ϰϳϱϱϯ ϮϮϬϰϴϮ ,ŽŵĞƐ͕Z͘z͘ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ĐĐŽƵŶƚ/ϮϳϵϱϬϭ>ϬϬϳΎĐůĂƐƐΎϲϱϬE͘>ƵŬĞƐƚƌĞĞƚϭϮͲƉůĞǆϯůŝŶĚDŝĐĞ;ůŝƐƚĞĚĂ ϯϱϳ ^ϬϭϳEϬϬϭϬϲ^^^^ ϲϭ͘ϱϴϱϮϭϲϱ Ͳϭϰϵ͘ϯϯϬϬϭϳ WƵďůŝĐ^ƵƉƉůǇ tĞůůƚŽďĞƚĞƐƚƉƵŵƉĞĚͲĚƌŝůůĞĚϭϬΗĐĂƐŝŶŐƚŽϮϬΖĂŶĚĨŝůůĞĚǁŝƚŚ ϭϱďĂŐƐŽĨĞŶƚŽŶŝƚĞĂŶĚƉƵůůĞĚϭϬΗďĂĐŬŽƵƚ͘ ϰϳϳϭϯ ϮϲϬϱϮϵ EĂƚŝŽŶĂůWĂƌŬ^ĞƌǀŝĐĞͲ<ŝŶŐ^ĂůŵŽŶ ƌŝƐƚŽůĂǇŽƌŽƵŐŚ EĂƟŽŶĂůWĂƌŬ^ĞƌǀŝĐĞ<ŝŶŐ^ĂůŵŽŶ͕ůĂƐŬĂEĞǁtĞůůĨŽƌŽƌŵŝƚŽƌǇĂŶĚWĂƌŬ^ĞƌǀŝĐĞϭϬϲ ^Ϭϭϳ^ϬϰϱtϮϲ^EEEt ϱϴ͘ϲϴϬϱϳϲϯ Ͳϭϱϲ͘ϲϲϲϵϬϭ WƵďůŝĐ^ƵƉƉůǇ dŚĞǁĞůůǁĂƐĚĞǀĞůŽƉĞĚŝŶŝƚŝĂůůǇĨŽƌϮŚŽƵƌƐĂŝƌƐƵƌŐŝŶŐǁŝƚŚŽƵƚ ƐĐƌĞĞŶƚŽƉƌŽǀŝĚĞĐůĞĂƌǁĂƚĞƌĨŽƌƐĂŵƉůŝŶŐĨŽƌEŝƚƌĂƚĞƐ͘tĞůůǁĂƐ ĚĞǀĞůŽƉĞĚĨŽƌĂĚĚŝƚŝŽŶĂůϴŚƌƐ͘ĂĨƚĞƌƐĐƌĞĞŶŝŶƐƚĂůůĞĚ͘tĞĚŝĚŶŽƚ ĂƚƚĂŝŶĐƌǇƐƚĂůĐůĞĂƌĐŽŶĚŝƚŝŽŶĨƌŽŵƚŚĞĚĞǀĞůŽƉŝŶŐĞĨĨŽƌƚ͘tĂƚĞƌ ĂƚƚĂŝŶĞĚĐůĞĂƌĐŽŶĚŝƚŝŽŶĂĨƚĞƌŽǀĞƌŶŝŐŚƚƉƵŵƉŝŶŐ͘dŚĞǁĂƚĞƌŚĂƐĂ ŶŽƚŝĐĞĂďůĞŚǇĚƌŽŐĞŶƐƵůĨŝĚĞ;,Ϯ^ͿŽĚŽƌ WƵŵƉƐŝǌŝŶŐƚŽďĞĚĞƚĞƌŵŝŶĞĚ ϰϳϳϭϰ ϮϲϮϴϮϮ ůĂǁƐŽŶ͕WĂƵů ƌŝƐƚŽůĂǇŽƌŽƵŐŚ WĂƵůůĂǁƐŽŶ<ŝŶŐ^ĂůŵŽŶ͕<ϵϬϳϮϰϲϯϯϬϰ^ƚŽƌĞ<ŝŶŐ^ĂůŵŽŶ͖Wt^/ϮϲϮϴϮϮϲϬ ^Ϭϭϳ^ϬϰϱtϮϯEtEt^^t ϱϴ͘ϲϴϰϰϱϱϵ Ͳϭϱϲ͘ϲϳϭϵϬϲ WƵďůŝĐ^ƵƉƉůǇ ĞǀĞůŽƉĞĚǁĞůůĂƉƉƌŽǆϰŚƌƐ͘^ĂŶĚĚŝŵŝŶŝƐŚĞĚƚŽĐůĞĂƌĐŽŶĚŝƚŝŽŶ͘ ƚƚĂŝŶƐƐƚĂƚŝĐůĞǀĞůŝŶůĞƐƐƚŚĂŶϭŵŝŶƵƚĞϱϬнŐƉŵ͘ ϰϳϴϵϯ ϮϰϵϮϯϮ ŵǀĞƚƐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ WƌŽƉĞƌƚǇ/ϬϱϱϯϯϭϭϮ<ͲĞĂĐŚϲϬ͘ϱϬϲϴϮϬ͕Ͳϭϱϭ͘ϭϲϵϳϵϵ;>ĂƟƚƵĚĞĂŶĚ>ŽŶŐŝƚƵĚĞƐƵ ϳϴ ^ϬϬϱEϬϭϭtϮϯEt^Et^t ϲϬ͘ϱϬϲϴϮϬϳ Ͳϭϱϭ͘ϭϲϵϴ WƵďůŝĐ^ƵƉƉůǇ ^ƚĂƚŝĐǁĂƚĞƌůĞǀĞůůŝƐƚĞĚĂƐďĞůŽǁŐƌŽƵŶĚůĞǀĞů͘ ϰϳϵϵϱ ϮϭϲϵϬϮ dƵƐŚ͕dƌƵĚǇ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ WĂƌĐĞů/ϬϭϬͲϭϭϰͲϯϰͲϬϬϬdh^,dZhz^d>>>dϮϭϭϭϳŚƵŐĂĐŚtĂǇŶĐŚŽƌĂ ϱϬ ^ϬϭϯEϬϬϰtϮϱ^EEt^ ϲϭ͘ϭϴϲϵϮϬϮ Ͳϭϰϵ͘ϵϬϱϭϴϮ WƵďůŝĐ^ƵƉƉůǇ tĞůůƚǇƉĞůŝƐƚĞĚĂƐĚƌŝůůĞĚ͘ ĞĐŽŵŵŝƐƐŝŽŶĞĚďǇtĂǇŶĞĞǀŽƌĞŽĨ'ƵĂƌĂŶƚĞĞĚ^ĞƌǀŝĐĞƐŽŶ ϱͬϰͬϮϬϭϴ ϰϵϬϯϯ ϭϭϬϲϬϭ DƵŶŝĐŝƉĂůŝƚǇKĨ^ŬĂŐǁĂǇ DƵŶŝĐŝƉĂůŝƚǇŽĨ^ŬĂŐǁĂǇ ^<'tz/dzt>>ϰ͖Wt^/ϭϭϬϲϬϭ^<'tz͕t>ϬϬϰ;t>>ηϰͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨ ϴϱ ϬϮϴ^ϬϱϵϭϮ^t^tEEt ϱϵ͘ϰϲϯϴϯϲϳ Ͳϭϯϱ͘ϯϬϳϭϮϵ WƵďůŝĐ^ƵƉƉůǇ ϰϵϬϲϭ ϯϳϬϮϱϭ <ĞůůǇΖƐŽƵŶƚƌǇ/ŶŶ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ <ĞůůǇΖƐDŽƚĞů<ĞůůǇΖƐŽƵŶƚƌǇ/ŶŶϭϲϭϲZŝĐŚĂƌĚƐŽŶ,ǁǇ͖Wt^/ϯϳϬϮϱϭ>dK ϮϰϬ &ϬϭϬ^ϬϭϬϭϰEt^^^t ϲϰ͘Ϭϰϭϵϳϲϵ Ͳϭϰϱ͘ϳϯϰϲϲϱ WƵďůŝĐ^ƵƉƉůǇ ϰϵϮϳϯ ϮϮϲϭϰϯ ZĞĚ^ƚĂƌƌ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WĂƌĐĞů/ϱϭϭϬϯDĂƚƐƵƉƌŽƉĞƌƚǇǀŝĞǁĞƌĂĐĐŽƵŶƚ/ϭϳEϬϮϬϭϬϬϲdKtE^,/WϭϳE ϭϮϲ ^ϬϭϳEϬϬϮϬϭ^Et^tEt ϲϭ͘ϱϵϰϲϰϲϱ Ͳϭϰϵ͘ϬϮϰϮϲϭ WƵďůŝĐ^ƵƉƉůǇ tĞůůηϮŶŽƚŝƐƵƐĞ ϰϵϳϵϯ ϮϰϱϬϱϴ ůĂƐŬĂŝďůĞ/ŶƐƚŝƚƵƚĞ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Wt^/ϮϰϱϬϱϴϱϵ͘ϲϲϴϰϯϵ͕Ͳϭϱϭ͘ϱϭϴϮϱϰ;EϴϯͿWt^/ϮϰϱϬϱϴ>^<s/>>'ϮϬϬ ^ϬϬϲ^ϬϭϯtϬϴ^t^E^ ϱϵ͘ϲϲϴϰϯϴ Ͳϭϱϭ͘ϱϭϴϮϱ WƵďůŝĐ^ƵƉƉůǇ hŶƐƵƌĞŽĨŝŶŝƚŝĂůĚƌŝůůŵĞƚŚŽĚ͘ĞĞƉĞŶŝŶŐǁĂƐĚŽŶĞƵƐŝŶŐĂĐĂďůĞ ƚŽŽůƌŝŐ͘ /ŶŝƚŝĂůĚƌŝůůŝŶŐĚŽŶĞďǇ,ŽŵĞƌǁĞůůĚƌŝůůŝŶŐ͘ĞĞƉĞŶŝŶŐĚƌŝůůĞĚďǇ ZƵĚĞĚƌŝůůŝŶŐ͘ ϰϵϴϭϯ ϯϲϬϰϳϲ zƵŬŽŶ&ůĂƚƐ^ĐŚŽŽůŝƐƚƌŝĐƚŝƌĐůĞ^ĐŚŽŽů ΎΎ>ĂƚͬůŽŶŐŝƐŝŶĐŽƌƌĞĐƚΎΎtĞůůŝƐĂƚƚŚĞƐĐŚŽŽůŝŶĐŝƌĐůĞ͕ĂŬǁŚŝĐŚŚĂƐďĞĞŶŚĂƌĚƚŽƉ ϯϵϭ &ϬϭϮEϬϭϴϯϭEt^t^E ϲϱ͘ϴϮϱϭϲϰϴ Ͳϭϰϰ͘ϬϲϯϬϭϵ WƵďůŝĐ^ƵƉƉůǇ ĞĐŽŵŵŝƐƐŝŽŶĞĚďǇůĞǆĂŶĚĞƌdŚŽŵƉƐŽŶĂƚƌĐƚŝĐĂƚĂ^ĞƌǀŝĐĞƐ >> tĞůůǁĂƐŶŽƚŝŶƵƐĞ͘^ĐŚŽŽůŝƐƵƐŝŶŐŵƵŶŝĐŝƉĂůǁĂƚĞƌ͘ ϰϵϴϵϯ ϯϵϬϴϵϱ dƵŶĚƌĂdŽƵƌƐ/ŶĐ ĞŶĂůŝŽƌŽƵŐŚ ĞŶĂůŝĐĂŵƉǁĂƚĞƌƐƵƉƉůǇWt^/ϯϵϬϴϵϱE>/Z/EKts/>>'͕t>ϬϬϭ;t>ϭϵϬ &Ϭϭϯ^ϬϬϳtϯϰEEt^tEt ϲϯ͘ϳϰϳϲϱϳϴ Ͳϭϰϴ͘ϴϵϴϱϭϰ WƵďůŝĐ^ƵƉƉůǇ ƉƉƌŽǆŝŵĂƚĞůǇϭϱŐĂůͬŵŝŶƚŽƚĂůǁĂƚĞƌ ϰϵϵϭϯ ϯϵϬϴϵϱ ZĞŐĂŶ͕Ě ĞŶĂůŝŽƌŽƵŐŚ ĞŶĂůŝƌĂŝŶďŽǁůŽĚŐĞWKŽǆϯϱĞŶĂůŝWĂƌŬ͕<ϵϵϳϱϱ͖Wt^t>ϬϬϮ͖>ŽĐĂƟŽŶǀĞƌŝ ϭϱϬ &Ϭϭϯ^ϬϬϳtϯϰEEt^tEt ϲϯ͘ϳϰϳϲϱϰ Ͳϭϰϴ͘ϴϵϵϯϵϮ WƵďůŝĐ^ƵƉƉůǇ ŝƌƌŽƚĂƌǇͲĚƌŝǀŝŶŐϲΗƐƚĞĞůĐĂƐŝŶŐƚŽϭϬϳΖƚŚĞŶĚŽǁŶͲŚŽůĞͲ ŚĂŵŵĞƌƚŽϭϱϬΖd͘͘ϭϬϳΖƚŽϭϱϬΖĐĂƐĞĚǁŝƚŚϰ͘ϱŝŶĐŚƉĞƌĨŽƌĂƚĞĚ ƉůĂƐƚŝĐƉŝƉĞ;E^&ĂƉƉƌŽǀĞĚƉůĂƐƚŝĐͿ͘ ϱϬϲϭϯ ϮϮϬϰϯϵ Z͘z͘,ŽŵĞƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϮϬϯϭEϰϵƚŚ^ƚĂƚĞ^ƚ͖͘Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϮϬ ^ϬϭϴEϬϬϭϯϲE^^t^t ϲϭ͘ϲϬϭϯϯϰ Ͳϭϰϵ͘ϮϬϭϳϴϯ WƵďůŝĐ^ƵƉƉůǇ ϱϬϲϭϰ ϮϮϬϰϯϵ Z͘z͘,ŽŵĞƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϮϬϯϭE͘ϰϵƚŚ^ƚĂƚĞ^ƚ͖͘Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϱϮ ^ϬϭϴEϬϬϭϯϲ^E^t^t ϲϭ͘ϲϬϭϱ Ͳϭϰϵ͘ϮϬϭϵ WƵďůŝĐ^ƵƉƉůǇ ϱϭϰϭϯ ϯϴϬϱϯϭ h͘Ɛ͘WƵďůŝĐ,ĞĂůƚŚ^ĞƌǀŝĐĞ͕ŝǀŝƐŝŽŶKĨ/ŶĚŝĂŶ,ĞĂůƚŚ ΎΎKŶůǇůŽĐĂƟŽŶŝŶĨŽƌŵĂƟŽŶŬŶŽǁŶŝƐdĂŶĂĐƌŽƐƐΎΎh͘^͘WƵďůŝĐ,ĞĂůƚŚ^ĞƌǀŝĐĞƐ͕ŝǀ ϱϬ ϬϭϴEϬϭϭϬϱEEtEtEt ϲϯ͘ϯϳϲϭϭϴ Ͳϭϰϯ͘ϯϱϵϲϭϯ WƵďůŝĐ^ƵƉƉůǇ ϱϭϰϱϯ Ϯϭϭϰϴϭ ĂǆƚĞƌ^ĞŶŝŽƌ>ŝǀŝŶŐ͕>ůĐ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ϰϮϮϬĂǆƚĞƌZĚ:ĂŵĞƐ,Žůƚ>ŽƚƐϴ͕ϵ͕ϭϬϲϭ͘ϭϴϭϵϰͲϭϰϵ͘ϳϲϱϴϭWt^/ϮϭϭϰϴϭtĞůůĚ ϯϯ ^ϬϭϯEϬϬϯtϮϲEt^^^t ϲϭ͘ϭϴϭϵϯϴϮ Ͳϭϰϵ͘ϳϲϱϴϬϴ WƵďůŝĐ^ƵƉƉůǇ ϱϭϰϱϰ Ϯϭϭϰϴϭ ĂǆƚĞƌ^ĞŶŝŽƌ>ŝǀŝŶŐ͕>ůĐ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ϰϮϮϬĂǆƚĞƌZĚ:ĂŵĞƐ,Žůƚ>ŽƚƐϴ͕ϵ͕ϭϬϲϭ͘ϭϴϭϵϰͲϭϰϵ͘ϳϲϱϴϭWt^/ϮϭϭϰϴϭtĞůůĚ ϯϯ ^ϬϭϯEϬϬϯtϮϲEt^^^t ϲϭ͘ϭϴϭϵϯϴϮ Ͳϭϰϵ͘ϳϲϱϴϬϴ WƵďůŝĐ^ƵƉƉůǇ ϱϭϰϱϱ ϯϳϮϬϳϱ ůĂƐŬĂĂŬŝŶŐŽŵƉĂŶǇ t,/d^dKE&ZD^dZE>͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϱϭ &ϬϬϵ^ϬϬϵϭϮEt^tEE ϲϰ͘ϭϱϯϲϳϴϵ Ͳϭϰϱ͘ϴϴϰϱϱϮ WƵďůŝĐ^ƵƉƉůǇ ϱϭϰϱϲ ϯϳϮϬϳϱ tŚŝƚĞƐƚŽŶĞ&ĂƌŵƐ t,/d^dKE&ZD^dZE>͕t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϳϬ &ϬϬϵ^ϬϬϵϭϮEt^tEE ϲϰ͘ϭϱϯϴϭϲϮ Ͳϭϰϱ͘ϴϴϱϴϲϰ WƵďůŝĐ^ƵƉƉůǇ ĂƐŝŶŐŐƌŽƵƚĞĚǁŝƚŚĞŶƐĞĂůĂƐĚƌŝǀĞŶ͘hƐĞĚϯďĂŐƐŽĨĞŶƐĞĂů͘ ƌŝůůĞĚƚŽϳϬĨƚ͕ƵŶƐƵŝƚĂďůĞĨŽƌŵĂƚŝŽŶ͕ƉƵůůĞĚďĂĐŬƚŽϲϯĨƚ;ĨƌŽŵ ƚŽƉŽĨĐĂƐŝŶŐͿůĂƌŐĞŐƌĂǀĞůĂŶĚďŽƵůĚĞƌƐ͘ ϱϭϴϳϱ ϯϴϬϯϮϵ >ŝǀŝŶŐtŽƌĚDŝŶŝƐƚƌǇ >ŝǀŝŶŐtŽƌĚDŝŶŝƐƚƌǇWt^/ϯϴϬϯϮϵt>ϬϬϭ͖>ŽĐĂƟŽŶǀĞƌŝĮĞĚďǇ͘ŚƩƉ͗ͬͬĚĞĐ ϮϴϬ &Ϭϭϰ^ϬϭϲϮϲE^^tEt ϲϯ͘ϲϳϯϵϳϭ Ͳϭϰϰ͘ϲϬϭϵϴϲ WƵďůŝĐ^ƵƉƉůǇ ϱϮϮϭϰ ϮϳϬϳϰϰ >ŽǁĞƌ<ƵƐŬŽŬǁŝŵ^ĐŚŽŽůŝƐƚƌŝĐƚ KƐĐĂƌǀŝůůĞ^ĐŚŽŽů͕>ŽǁĞƌ<ƵƐŬŽŬǁŝŵ^ĐŚŽŽůŝƐƚƌŝĐƚ͖Wt^/ϮϳϬϳϰϰ><^K^Zs/>ϴϳ ^ϬϬϳEϬϳϭtϬϱ^t^tE^ ϲϬ͘ϳϮϮϮϭϯϳ Ͳϭϲϭ͘ϳϳϮϬϲϰ WƵďůŝĐ^ƵƉƉůǇ KǁŶĞƌǁŝůůĚŝƐŝŶĨĞĐƚǁĞůů ϱϮϯϵϰ ϮϰϵϮϯϰ Ăƚŝƌ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ WƌŽƉĞƌƚǇ/ϬϱϵϮϲϬϭϭϰϯϱϰϬ<ůĞĞď>ŽŽƉͬdƵƌŶďƵĐŬůĞdĞƌƌĂĐĞZĚdϬϱEZϭϬt^Ϯ ϭϳϴ ^ϬϬϱEϬϭϬtϮϴEEE^t ϲϬ͘ϰϵϰϴϬϮ Ͳϭϱϭ͘Ϭϰϰϭϯ WƵďůŝĐ^ƵƉƉůǇ ϱϮϲϱϰ ϮϮϬϰϲϭ <ŶŝŬdƌŝďĂůŽƵŶĐŝů DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WĂƌĐĞů/ϭϴϲϴϯdKtE^,/WϭϳEZE'ϭt^d/KEϰ>KdϯzƵǇĂŶƐƚĂƚĞƐ>Žƚϯ ϭϴϳ ^ϬϭϳEϬϬϭtϬϰE^tEtEt ϲϭ͘ϱϵϳϱϯϰϮ Ͳϭϰϵ͘ϰϳϳϰϲϯ WƵďůŝĐ^ƵƉƉůǇ ϱϮϳϭϰ ϯϵϭϳϭϬ hƐĂĨͬƵƐĂĐĞůĂƐŬĂ ĞŶĂůŝŽƌŽƵŐŚ ůĞĂƌ&^͕ůĚŐϴϬϬ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϱϵ &ϬϬϳ^ϬϬϴtϭϳ^^t^^t ϲϰ͘ϯϬϬϳϭ Ͳϭϰϵ͘ϭϴϳϯϵϮ WƵďůŝĐ^ƵƉƉůǇ ϱϮϳϯϰ ϯϵϬϭϱϰ ƐƌĐƵŝůĚĞƌƐ>ůĐ ĞŶĂůŝŽƌŽƵŐŚ ůĞĂƌ&^^Z>ZZdĞŵƉ͘ĂŵƉ^ZƵŝůĚĞƌƐ͕>>Wt^t>ϬϬϭ͖>ŽĐĂƟŽŶǀĞƌŝĮĞ ϭϯϳ &ϬϬϳ^ϬϬϴtϮϬ^^E^t ϲϰ͘ϮϵϬϭϴϴ Ͳϭϰϵ͘ϭϴϯϯϯϯϯ WƵďůŝĐ^ƵƉƉůǇ ϱϮϴϭϱ Ϯϭϭϵϯϲ hŶŬŶŽǁŶ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ΎΎEŽƉĂƌĐĞůŝŶĨŽƌŵĂƟŽŶΎΎΎΎEŽŽǁŶĞƌŝŶĨŽƌŵĂƟŽŶΎΎWt^/ϮϭϭϵϯϲZDKhE ϭϰϳ ^ϬϭϮEϬϬϯtϮϴ^^^t^ ϲϭ͘Ϭϵϰϵϲϯϭ Ͳϭϰϵ͘ϴϭϮϵϭϮ WƵďůŝĐ^ƵƉƉůǇ ϱϮϴϱϰ ϮϮϬϭϴϮ DĂƚĂŶƵƐŬĂ^ƵƐŝƚŶĂŽƌŽƵŐŚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WĂƌĐĞů/ϱϭϬϲϭϳϴϵϬϯsKE^,/ZZϴϵϬϭsKE^,/ZZd>^ϯϮϲϲϵ ϱϵ ^ϬϮϲEϬϬϱtϮϵ^^t^t^ ϲϮ͘ϯϬϳϴϵϱϳ ͲϭϱϬ͘ϮϯϴϲϬϮ WƵďůŝĐ^ƵƉƉůǇ ϱϯϭϯϰ ϮϳϭϵϮϴ zŬŚĐ Wt^/ϮϳϭϵϮϴz<,E/<^hZ'/KE>>/E/͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď ϯϴ ^ϬϭϳEϬϱϳtϭϮE^t^^t ϲϭ͘ϱϳϮϭϬϴ Ͳϭϱϵ͘ϱϯϳϳϳϵ WƵďůŝĐ^ƵƉƉůǇ ϱϯϱϱϰ ϮϮϰϲϰϲ ƌŽƐƐƌĞĞŬ/ŶĐ͘ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WĂƌĐĞů/ϱϳϬϲϰϭϭϵϵE:<E/<>h^ZD/^^/KE,>^W,/>K<ϭϯ>KdϮDĂƚƐ ϭϴϭ ^ϬϭϳEϬϬϭtϬϲEEEt^ ϲϭ͘ϱϵϮϬϯϭ Ͳϭϰϵ͘ϱϮϬϭϱ WƵďůŝĐ^ƵƉƉůǇ ϱϯϳϭϱ ϯϳϯϬϰϳ ĞĐŬĞƌ͕ŚƌŝƐ ůĂƚ͘ϲϰ͘ϬϮϳϮE͕ůŽŶŐ͘ϭϰϱ͘ϳϮϰϬtǁŝƚŚŝŶƚŚĞ^tϭͬϰ^ϭͬϰ͕^ĞĐƟŽŶϮϯ͕dŽǁŶƐŚŝƉϭϬ^ϭϮϬ &ϬϭϬ^ϬϭϬϮϯE^^t^ ϲϰ͘ϬϮϳϭϲϬϲ Ͳϭϰϱ͘ϳϮϰϮϭϯ WƵďůŝĐ^ƵƉƉůǇ ϱϯϴϱϲ ϮϳϮϳϱϲ DĞƚĂƌǀŝŬ DĞƚĂƌǀŝŬŽƌŶĞƌƐƚŽŶĞWt^/ϮϳϮϳϱϲDZdZs/<tdZ^z^dD͕t>ϬϬϭ;Dt ϭϮϱ ^ϬϬϵEϬϴϲtϯϱ^tEt^t^t ϲϬ͘ϴϮϭϳϱϰϱ Ͳϭϲϰ͘ϱϬϭϮϯϲ WƵďůŝĐ^ƵƉƉůǇ ϱϰϬϭϰ ϮϲϯϬϳϲ ^ŝůǀĞƌĂǇ^ĞĂĨŽŽĚƐ ůĞƵƚŝĂŶƐĂƐƚŽƌŽƵŐŚ Wt^/ϮϲϯϬϳϲ^/>sZz^&KK^&>^W^^͕t>ϬϬϭ;tĞůůηϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝ ϳϬ͘ϱ ^Ϭϲϭ^ϬϵϰtϮϳ^tEt^tEt ϱϰ͘ϴϳϬϯϭϭϳ Ͳϭϲϯ͘ϰϬϴϵϲϲ WƵďůŝĐ^ƵƉƉůǇ ϱϰϬϭϱ ϮϲϯϬϳϲ ^ŝůǀĞƌĂǇ^ĞĂĨŽŽĚƐ ůĞƵƚŝĂŶƐĂƐƚŽƌŽƵŐŚ Wt^/ϮϲϯϬϳϲ^/>sZz^&KK^&>^W^^͕t>ϬϬϮ;tĞůůηϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝ ϳϬ͘ϱ ^Ϭϲϭ^ϬϵϰtϮϳ^tEt^tEt ϱϰ͘ϴϳϬϭϭϯϰ Ͳϭϲϯ͘ϰϬϵϬϱϴ WƵďůŝĐ^ƵƉƉůǇ ϱϰϬϭϲ ϮϲϯϬϳϲ ^ŝůǀĞƌĂǇ^ĞĂĨŽŽĚƐ ůĞƵƚŝĂŶƐĂƐƚŽƌŽƵŐŚ Wt^/ϮϲϯϬϳϲ^/>sZz^&KK^&>^W^^͕t>ϬϬϯ;tĞůůηϯͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝ ϴϭ ^Ϭϲϭ^ϬϵϰtϮϳ^tEt^tEt ϱϰ͘ϴϲϵϴϰϲϯ Ͳϭϲϯ͘ϰϬϵϮϭ WƵďůŝĐ^ƵƉƉůǇ ϱϰϬϭϳ ϮϲϯϬϳϲ ^ŝůǀĞƌĂǇ^ĞĂĨŽŽĚƐ ůĞƵƚŝĂŶƐĂƐƚŽƌŽƵŐŚ Wt^/ϮϲϯϬϳϲ^/>sZz^&KK^&>^W^^͕t>ϬϬϰ;tĞůůηϰͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝ ϴϭ ^Ϭϲϭ^ϬϵϰtϮϳEt^t^tEt ϱϰ͘ϴϲϵϲϬϲ Ͳϭϲϯ͘ϰϬϵϯϬϮ WƵďůŝĐ^ƵƉƉůǇ ϱϰϭϯϰ ϮϲϬϲϳϲ >ĂŬĞŶĚWĞŶŝŶƐƵůĂ^ĐŚŽŽůŝƐƚƌŝĐƚ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ WŽƌƚ,ĞŝĚĞŶ^ĐŚŽŽůDĞƐŚŝŬ^ĐŚŽŽů>ĂŬĞĂŶĚWĞŶŝŶƐƵůĂ^ĐŚŽŽůŝƐƚƌŝĐƚWt^/ϮϲϬϲϳϲ ϮϬϳ ^Ϭϯϴ^ϬϱϵtϬϰEtE^E ϱϲ͘ϵϮϯϵϱϬϮ Ͳϭϱϴ͘ϲϲϬϰϳϳ WƵďůŝĐ^ƵƉƉůǇ ^ĞĞǁĞůůůŽŐ ϱϰϯϭϰ ϮϮϬϰϴϴ 'ƌĂŶĚDŽƵŶƚĂŝŶsŝĞǁ͕>ůĐ͘ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WĂƌĐĞů/ϱϱϯϭϱϲϰϵϱEWĂůŵĞƌͲ&ŝƐŚŚŽŽŬZĚ,E^KEͲh^,dZdDĂƚƐƵƉĂƌĐĞůϵϳ ^ϬϭϴEϬϬϭϭϰEtEtEtEt ϲϭ͘ϲϱϲϵϯϭϱ Ͳϭϰϵ͘ϮϯϴϳϮϵϲ WƵďůŝĐ^ƵƉƉůǇ ϱϰϯϭϱ ϮϮϬϰϴϴ 'ƌĂŶĚDŽƵŶƚĂŝŶsŝĞǁ͕>ůĐ͘ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WĂƌĐĞů/ϱϱϯϭϱϲϰϵϱEWĂůŵĞƌͲ&ŝƐŚŚŽŽŬZĚ,E^KEͲh^,dZdDĂƚƐƵƉĂƌĐĞůϭϭϳ ^ϬϭϴEϬϬϭϭϰ^tEtEE ϲϭ͘ϲϱϲϳϮϱϲ Ͳϭϰϵ͘Ϯϯϴϳϯϰϴ WƵďůŝĐ^ƵƉƉůǇ ϱϱϭϭϰ ϯϵϭϵϰϴ tĞƐƚŵĂƌŬ,ŽƚĞůƐ/ŶĐ ĞŶĂůŝŽƌŽƵŐŚ Wt^/ϯϵϭϵϰϴ,WD</E>z,>dZ^KZd͕t>ϬϬϯ;t>>ηϯͿ͘ĞŶĂůŝEĂƟŽŶĂůW ϵϲ &Ϭϭϯ^ϬϬϳtϯϯEEt^E ϲϯ͘ϳϰϴϮϴϳϮ Ͳϭϰϴ͘ϵϬϴϰϭϳ WƵďůŝĐ^ƵƉƉůǇ ϱϱϰϱϰ ϮϰϵϮϰϬ ŽĚƐŽŶ͕ƌĞĞ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ WĂƌĐĞůϭϰϰϬϭϬϱϬϯϭϳϬϮ,ĞƌŵĂŶ>ĞŝƌĞƌZĚ͘^ĞǁĂƌĚ͕<&ũŽƌĚƐ^ƵďEŽϯ>ŽƚϭtŝůůŝĂ ϳϳ ^ϬϬϭEϬϬϭtϮϮEtEt^^t ϲϬ͘ϭϱϴϲϱϯϯ Ͳϭϰϵ͘ϰϯϵϬϮϲ WƵďůŝĐ^ƵƉƉůǇ ϱϱϲϭϰ ϮϮϰϰϳϲ ZǇ,ŽŵĞƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t,/^WZ/E'tKK^>KdϮ><ϭ͖Wt^/ϮϮϰϰϳϲYh/d/Z>WZdDEd^͕t>Ϯϲϴ ^ϬϭϳEϬϬϭtϭϮ^^Et^t ϲϭ͘ϱϳϰϰϱϵϭ Ͳϭϰϵ͘ϯϴϯϱϭϰ WƵďůŝĐ^ƵƉƉůǇ ϱϱϵϵϱ ϮϭϴϴϮϬ ŬůƵƚŶĂŽŶƐƚƌƵĐƚŝŽŶŶĚDĂŝŶƚĞŶĂŶĐĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ zĂŐŚĞůŝdŝŶŝƚƵŶ>ŽƚϭtĞůůηϮ;ĐůŽƐĞƐƚƚŽŬůƵƚŶĂƌŽĂĚͿWt^t>ϬϬϭ>>^ϯϮϬϯϴ Ϯϵϴ ^ϬϭϲEϬϬϭϮϵEEtE^ ϲϭ͘ϰϰϳϴϯϱ Ͳϭϰϵ͘ϯϬϱϮϲϲ WƵďůŝĐ^ƵƉƉůǇ ϱϳϴϵϰ ϯϰϬϴϭϲ EĂŶĂZĞŐŝŽŶĂůŽƌƉŽƌĂƚŝŽŶ EŽƌƚŚǁĞƐƚƌĐƚŝĐŽƌŽƵŐŚ EEZ'/KE>KZWKZd/KE͕EŽƌƚŚǁĞƐƚƌĐƚŝĐŽƌŽƵŐŚ͕ŽƌŶŝƚĞ͖Wt^/ϯϰϬϴϭ Ϯϰϳ <ϬϭϵEϬϬϵϬϴ^EtEE ϲϳ͘Ϭϲϲϱϭϯϭ Ͳϭϱϲ͘ϵϯϳϵϱϴ WƵďůŝĐ^ƵƉƉůǇ ^ƚĂƌƚĞĚƉƌŽĚƵĐŝŶŐǁĂƚĞƌĂƚϴϬĨƚ͘'ŽŽĚǇŝĞůĚĨƌŽŵůŝŵĞƐƚŽŶĞ ďĞůŽǁϮϭϬĨƚ ϱϴϯϵϰ ϮϮϲϬϱϱ ǇŵĂŶŽŶƐƚƌƵĐƚŝŽŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WĂƌĐĞů/ϱϯϮϬϵϲϰϯϬϮE:ĂŶĂƌ͘WĂůŵĞƌ͕ŬZ<>dϮDĂƚƐƵƉĂƌĐĞůǀŝĞǁĞƌůŝƐƚƐZZ ϭϴϯ ^ϬϭϴEϬϬϮϮϬ^t^t^^t ϲϭ͘ϲϮϴϲϵϲϰ Ͳϭϰϵ͘ϭϰϬϬϵϭ WƵďůŝĐ^ƵƉƉůǇ KŶůǇĞǆƉŽƐĞĚϯĨƚŽĨƐĐƌĞĞŶďĞĐĂƵƐĞŽĨƐŝůƚĂďŽǀĞĂŶĚďĞůŽǁƚŚĞ ƐĐƌĞĞŶ ϱϴϱϵϲ ϮϮϬϰϵϯ EƵŐĞŶƚWƌŽƉĞƌƚŝĞƐ͕>ůĐ͘ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ĞƌƌǇůƵĨĨ;tĞůůηϭͲhƚŝůŝƚǇ>ŽƚͿ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϯϯϭϳϱ ϭϰϬ ^ϬϭϳEϬϬϭtϮϴEE^t^t ϲϭ͘ϱϯϬϳϰϲ Ͳϭϰϵ͘ϰϳϯϲϴϮ WƵďůŝĐ^ƵƉƉůǇ ϱϴϱϵϳ ϮϮϬϰϵϯ EƵŐĞŶƚWƌŽƉĞƌƚŝĞƐ͕>ůĐ͘ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ZZz>h&&;tĞůůηϮͲhƚŝůŝƚǇ>ŽƚͿ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚ >^ϯϯϭϳϱ ϭϯϰ ^ϬϭϳEϬϬϭtϮϴEE^t^t ϲϭ͘ϱϯϬϲϰϭ Ͳϭϰϵ͘ϰϳϯϲϲϮ WƵďůŝĐ^ƵƉƉůǇ ϱϵϰϵϵ ϮϰϵϮϰϰ ,ŝďďĞƌƚ͕ƌĞŶƚ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Wt^/ϮϰϵϮϰϰdŚĞZt/Eϯϳϳϳϵ<ͲĞĂĐŚZĚ͘^ŽůĚŽƚŶĂ͕<ϱϳ ^ϬϬϱEϬϭϭtϮϲ^t^EEt ϲϬ͘ϰϵϴϲϲϴϳ Ͳϭϱϭ͘ϭϲϭϵϰϮ WƵďůŝĐ^ƵƉƉůǇ ϱϵϱϱϳ hE<EKtEhŶŬŶŽǁŶ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ EK>Kd/KE/E&KZDd/KE'/sEKEt>>>K'͘t>>KtEZ>/^d^Ηй&h ϭϱϳ ^ϬϭϱEϬϬϭtϬϯ^^t^E ϲϭ͘ϰϭϵϰϬϲϵ Ͳϭϰϵ͘ϰϮϯϳϮϭ WƵďůŝĐ^ƵƉƉůǇ EdKE/dt^dK^/E'&KZ^E/dZz^> ϱϵϱϱϵ ϮϮϬϰϴϰ DĂƚĂŶƵƐŬĂͲƐƵƐŝƚŶĂ^ĐŚŽŽůŝƐƚƌŝĐƚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WĂƌĐĞůϱϮϴϬϵϲϯϵϬϭŽŐĂƌĚZĚ͘tĂƐŝůůĂ͕<EKZd,DZ//E>KdϮDĂŝŶƚĞŶĂŶĐĞ ϳϴ ^ϬϭϴEϬϬϭϯϭ^t^Et^t ϲϭ͘ϲϬϯϲϬϱϱ Ͳϭϰϵ͘ϯϱϱϵϵϰϯ WƵďůŝĐ^ƵƉƉůǇ ϱϵϴϳϲ ϯϲϬϴϭϲ ŝƚǇKĨZĂŵƉĂƌƚ͕ůĂƐŬĂ zƵŬŽŶͲ<ŽǇƵŬƵŬZ >ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘Ϯϰϯ &ϬϬϴEϬϭϯtϮϯ^EE^t ϲϱ͘ϱϬϰϮϳϮ ͲϭϱϬ͘ϭϳϮϯϳϱ WƵďůŝĐ^ƵƉƉůǇ ϲϬϳϴϬ ϮϮϬϰϮϰ ŽǁŬĞƌ͕:ŝŵŶĚWĞŐŐǇ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WĂƌĐĞů/ϮϯϵϯϬϲϰϱE:^^/ZKK</Z͘tĂƐŝůůĂ͕<,hZ&Z>^Ϯϴϵϴϲ ϳϴ ^ϬϭϳEϬϬϭtϬϭ^t^^t^t ϲϭ͘ϱϴϱϯ Ͳϭϰϵ͘ϯϴϱϭϵϳ WƵďůŝĐ^ƵƉƉůǇ ϲϬϳϴϴ ϯϭϬϲϮϱ ĂĚŐĞƌWůĂǌĂ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ WĂƌĐĞů/ϬϲϳϬϳϮϱϳϳϭĂĚŐĞƌZĚ͘&ĂŝƌďĂŶŬƐ͕<>ZZ<WZ<dZ&ĂŝƌďĂŶŬƐϵϬ &ϬϬϭ^ϬϬϭϮϭE^tEEt ϲϰ͘ϴϭϳϱϲϱ Ͳϭϰϳ͘ϱϲϱϱϮϱ WƵďůŝĐ^ƵƉƉůǇ ϲϬϳϴϵ ϯϯϰϮϱϱ ƌĐƚŝĐ/ŶƚĞƌĂŐĞŶĐǇsŝƐŝƚŽƌĞŶƚĞƌ Wt^/ϯϯϰϮϱϱƌĐƟĐ/ŶƚĞƌĂŐĞŶĐǇsŝƐŝƚŽƌĞŶƚĞƌŽůĚĨŽŽƚ͕<͖Wt^t>ϬϬϭ͖>ŽĐĂƟŽ ϲϴ &ϬϮϴEϬϭϮtϭϲ^t^^E ϲϳ͘ϮϱϮϲϯϮ ͲϭϱϬ͘ϭϴϱϲϯϱ WƵďůŝĐ^ƵƉƉůǇ ϲϮϰϯϳ ϮϮϰϲϰϲ ŝƚǇKĨtĂƐŝůůĂ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ƵŵƉƵƐĂůů&ŝĞůĚϭϬŝŶǁĞůů͘WĂƌĐĞů/ϭϮϳϲϱϮϬϬϭtDz^dZzs>^ϯϮϲϳϴ ϭϲϱ ^ϬϭϳEϬϬϭtϬϱE^tE^t ϲϭ͘ϱϵϬϱϮ Ͳϭϰϵ͘ϰϵϵϵϲϯ WƵďůŝĐ^ƵƉƉůǇ WƵďůŝĐƐƵƉƉůǇ͘Wt^/ƵŶŬŶŽǁŶ͘ ϲϮϰϱϰ ϮϮϰϯϯϳ ^ŚĞĞŶĂDĂǇƐƚĂƚĞƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ tĞůůϬϬϮ^,EDz^dd^dƌ͕&KZ>ϭͲϭϲϭE>ϭͲϭϴϮ>^Ϯϵϭϳ ϰϱϬ ^ϬϭϴEϬϬϭϯϬEE^t^ ϲϭ͘ϲϭϳϯϭϳϮ Ͳϭϰϵ͘ϯϯϴϴϱϮ WƵďůŝĐ^ƵƉƉůǇ ϲϮϲϲϱ Ϯϰϵϴϳϰ DĐ>ĂŶĞŽŶƐƵůƚŝŶŐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Wt^/Ϯϰϵϴϳϰt>ϬϬϭKWWZEdZ>Z/DKEEdZh/>/E'ϯϰ ^ϬϬϱEϬϭϭtϮϲE^tEt^ ϲϬ͘ϰϵϮϰϯϵϯ Ͳϭϱϭ͘ϭϱϳϳϰϱ WƵďůŝĐ^ƵƉƉůǇ ϲϯϬϭϲ ϯϵϭϭϲϴ KƚƚŽ>ĂŬĞZǀWĂƌŬ ĞŶĂůŝŽƌŽƵŐŚ KƚƚŽ>ĂŬĞZsWĂƌŬ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϯϰϵ &ϬϭϮ^ϬϬϴtϮϱ^tEt^tE ϲϯ͘ϴϰϴϮϰϲ Ͳϭϰϵ͘Ϭϯϭϰϳϯ WƵďůŝĐ^ƵƉƉůǇ ϲϯϭϳϰ ϯϭϰϬϱϭ hƐŽƌƉƐKĨŶŐŝŶĞĞƌƐ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ ZDK&ƚ͘tĂŝŶǁƌŝŐŚƚ͖Wt^t>ϬϬϭ͖>ŽĐĂƟŽŶǀĞƌŝĮĞĚďǇ͘ϭϬϮ͘ϱ &ϬϬϭ^ϬϬϭϮϭ^^t^tEt ϲϰ͘ϴϭϯϬϲϳ Ͳϭϰϳ͘ϱϳϯϳϯϭ WƵďůŝĐ^ƵƉƉůǇ ϲϯϭϵϰ ϮϮϬϰϰϭ DĂƚĂŶƵƐŬĂͲƐƵƐŝƚŶĂŽƌŽƵŐŚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'ŽǀĞƌŶŵĞŶƚƉĞĂŬƚƌĂŶƐŝƚĐĞŶƚĞƌĐŚĂůĞƚ͖Wt^/ϮϮϬϰϰϭD^'KsΖd>^ϮϵϰϬϭ ϭϱϲ ^ϬϭϵEϬϬϭϮϴ^t^Et^ ϲϭ͘ϳϬϱϬϱϰ Ͳϭϰϵ͘Ϯϳϵϭϴϯ WƵďůŝĐ^ƵƉƉůǇ ϲϰϰϳϰ ϮϰϵϮϰϱ DĂƌĂƚŚŽŶdĞƐŽƌŽ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ Wt^/ϮϰϵϮϰϱEŝŬŝƐŬŝƌĞĮŶĞƌǇŵŽĚƵůĂƌŽĸĐĞƐŵĂƌĂƚŚŽŶƚĞƐŽƌŽ ϭϯϴ ^ϬϬϳEϬϭϮtϮϮ^^EEt ϲϬ͘ϲϴϳϮϴϲϰ Ͳϭϱϭ͘ϯϲϱϰϵϰ WƵďůŝĐ^ƵƉƉůǇ ϲϱϰϱϰ ϮϮϭϴϬϬ ^ƵƐŝƚŶĂĂƌŶĚ'ƌŝůů DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Wt^/ϮϮϭϴϬϬ^h^/dEZE'Z/>>ϭϮϴ ^ϬϭϴEϬϬϯtϭϴ^^tE^ ϲϭ͘ϲϰϳϬϮϲϭ Ͳϭϰϵ͘ϴϳϴϬϵϴ WƵďůŝĐ^ƵƉƉůǇ ϲϱϲϳϰ ϮϮϬϬϮϵ ŽƵŶƚƌǇ&ŝĞůĚtĂƚĞƌŽ͘ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ tĞůůηϱWt^/ϮϮϬϬϮϵŽƵŶƚƌǇ&ŝĞůĚtĂƚĞƌŽ͘ϮϬϮ ^ϬϭϳEϬϬϭtϬϭEt^tE^ ϲϭ͘ϱϴϵϴϰϯϴ Ͳϭϰϵ͘ϯϲϲϴϯϳ WƵďůŝĐ^ƵƉƉůǇ ϲϱϲϳϱ ϮϮϬϬϮϵ ŽƵŶƚƌǇ&ŝĞůĚtĂƚĞƌŽ͘ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ tĞůůηϰWt^/ϮϮϬϬϮϵĐŽƵŶƚƌǇĮĞůĚǁĂƚĞƌĐŽ ϭϲϭ ^ϬϭϳEϬϬϭtϬϭEt^tE^ ϲϭ͘ϱϴϵϵϴϭϭ Ͳϭϰϵ͘ϯϲϲϴϯϳ WƵďůŝĐ^ƵƉƉůǇ ϲϱϲϳϲ ϮϮϬϬϮϵ ŽƵŶƚƌǇ&ŝĞůĚtĂƚĞƌŽ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ tĞůůηϲWt^/ϮϮϬϬϮϵĐŽƵŶƚƌǇĮĞůĚǁĂƚĞƌĐŽ Ϯϱϳ ^ϬϭϳEϬϬϭtϬϭEt^tE^ ϲϭ͘ϱϴϵϳϮϭϳ Ͳϭϰϵ͘ϯϲϲϴϱϮ WƵďůŝĐ^ƵƉƉůǇ ϲϱϲϳϳ ϮϮϬϬϮϵ ŽƵŶƚƌǇ&ŝĞůĚtĂƚĞƌŽ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ tĞůůηϳWt^/ϮϮϬϬϮϵĐŽƵŶƚƌǇĮĞůĚǁĂƚĞƌĐŽ ϮϮϭ ^ϬϭϳEϬϬϭtϬϭ^t^tE^ ϲϭ͘ϱϴϵϱϮϳϭ Ͳϭϰϵ͘ϯϲϲϴϱϮ WƵďůŝĐ^ƵƉƉůǇ ϲϳϱϭϰ ϮϮϲϬϱϳ ,ŽŵĞtĂƚĞƌ>ůĐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dŚŝƌĚtĞůů͖ϵϭϬϭ͘DŝůĞϲZŽĂĚ͖͘>Žƚϯ͖tDŽŶƐƚƌƵĐƚŝŽŶ͖Wt^/ϮϮϲϬϱϳZ<K^ϭϯϵ ^ϬϭϴEϬϬϭϬϮEEEt^ ϲϭ͘ϲϳϴϴϴϲϰ Ͳϭϰϵ͘Ϯϭϲϯϳ WƵďůŝĐ^ƵƉƉůǇ ^ĞƚϭϱΖŽĨƐƚĂŝŶůĞƐƐƐƚĞĞůƐĐƌĞĞŶϲϬͬϲϬͬϴϬƐůŽƚ ϲϳϱϳϰ ϮϮϬϰϵϱ dƌĂƉƉĞƌƌĞĞŬŽŵŵƵŶŝƚǇ^ĞƌǀŝĐĞƐƐƐŽĐŝĂƚŝŽŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WĂƌĐĞů/ϱϯϳϬϭϲϴϴϯϱsKE^,/ZZ͘dZWWZZ<͕<dZWWZZ<dZ//ϲϬ ^ϬϮϲEϬϬϱtϮϵ^^^^t ϲϮ͘ϯϬϳϱϭϬϰ ͲϭϱϬ͘ϮϰϭϱϲϮ WƵďůŝĐ^ƵƉƉůǇ ϲϵϬϬϯ ϮϮϲϬϱϳ DƵŶƌŽĞDŝĐŚĂĞůΘEŝĐŚŽů DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϵϭϬϭ͘DŝůĞϲZŽĂĚ͖͘>Žƚϯ͖tDŽŶƐƚƌƵĐƚŝŽŶ͖Wt^/ϮϮϲϬϱϳZ<K^tKK^͕t ϭϯϯ ^ϬϭϴEϬϬϭϬϮ^t^t^tE ϲϭ͘ϲϳϴϵϵϳ Ͳϭϰϵ͘ϮϮϮϬϲϭ WƵďůŝĐ^ƵƉƉůǇ ϲϵϰϭϰ ϯϰϬϴϭϲ hŶŬŶŽǁŶ EŽƌƚŚǁĞƐƚƌĐƚŝĐŽƌŽƵŐŚ KZE/dDWEŽǁĞůůůŽŐ͘ŽƌĞŚŽůĞůŽŐŽŶůǇ͘Wt^t>ϬϬϮ͖>ŽĐĂƟŽŶǀĞƌŝĮĞĚďǇϵϯϯ <ϬϭϵEϬϬϵϬϴEt^EtE ϲϳ͘Ϭϲϱϲ Ͳϭϱϲ͘ϵϰϯϱϵϲ WƵďůŝĐ^ƵƉƉůǇ ϲϵϰϯϱ ϮϮϲϬϱϳ ,ŽŵĞtĂƚĞƌ>ůĐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ^ĞĐŽŶĚtĞůů͖ϵϭϬϭ͘DŝůĞϲZŽĂĚ͖͘>Žƚϯ͖tDŽŶƐƚƌƵĐƚŝŽŶ͖Wt^/ϮϮϲϬϱϳZ<K ϭϰϰ ^ϬϭϴEϬϬϭϬϮ^^^tE ϲϭ͘ϲϳϵϭϴϳϴ Ͳϭϰϵ͘ϮϭϳϮϳ WƵďůŝĐ^ƵƉƉůǇ dŽďĞƚĞƐƚƉƵŵƉĞĚ ϭϱΖŽĨƐƚĂŝŶůĞƐƐƐƚĞĞůƐĐƌĞĞŶ ϭϬΖŽĨϲϬƐůŽƚĂŶĚϱΖŽĨϴϬƐůŽƚ ϲϵϲϯϰ ϭϭϬϯϰϮ ŝƚǇŶĚŽƌŽƵŐŚKĨ:ƵŶĞĂƵ ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ t>Ϭϭϭ;EĞǁtĞůůηϭͿŝƚǇĂŶĚŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ>Ăƚͬ>ŽŶŐƐƵƉƉůŝĞĚďǇϭϬϮ Ϭϰϭ^Ϭϲϳϭϯ^t^t^t^t ϱϴ͘ϯϬϴϮϳϯϯ Ͳϭϯϰ͘ϯϵϲϱϲϭ WƵďůŝĐ^ƵƉƉůǇ ϲϵϲϯϱ ϭϭϬϯϰϮ ŝƚǇŶĚŽƌŽƵŐŚKĨ:ƵŶĞĂƵ ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ t>ϬϭϮ;EĞǁtĞůůηϮͿŝƚǇĂŶĚŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ>Ăƚͬ>ŽŶŐƐƵƉƉůŝĞĚďǇϵϱ Ϭϰϭ^ϬϲϳϮϰEtEtEtEt ϱϴ͘ϯϬϳϮϮϬϱ Ͳϭϯϰ͘ϯϵϲϴϵϲ WƵďůŝĐ^ƵƉƉůǇ ϲϵϲϯϲ ϭϭϬϯϰϮ ŝƚǇŶĚŽƌŽƵŐŚKĨ:ƵŶĞĂƵ ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ t>Ϭϭϯ;EĞǁtĞůůηϯͿŝƚǇĂŶĚŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ>Ăƚͬ>ŽŶŐƐƵƉƉůŝĞĚďǇϭϬϬ Ϭϰϭ^Ϭϲϳϭϯ^^t^t^t ϱϴ͘ϯϬϳϲϰϳϳ Ͳϭϯϰ͘ϯϵϱϱϬϴ WƵďůŝĐ^ƵƉƉůǇ ϲϵϲϱϰ ϭϭϬϯϰϮ ŝƚǇŶĚŽƌŽƵŐŚKĨ:ƵŶĞĂƵ ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ t>Ϭϭϰ;EĞǁtĞůůηϰͿŝƚǇĂŶĚŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ>Ăƚͬ>ŽŶŐƐƵƉƉůŝĞĚďǇϭϯϬ Ϭϰϭ^Ϭϲϳϭϯ^t^^t^t ϱϴ͘ϯϬϳϲϰϯϵ Ͳϭϯϰ͘ϯϵϯϴϲ WƵďůŝĐ^ƵƉƉůǇ ϲϵϲϱϱ ϭϭϬϯϰϮ ŝƚǇŶĚŽƌŽƵŐŚKĨ:ƵŶĞĂƵ ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ t>Ϭϭϱ;EĞǁtĞůůηϱͿŝƚǇĂŶĚŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ>Ăƚͬ>ŽŶŐƐƵƉƉůŝĞĚďǇϭϯϬ Ϭϰϭ^Ϭϲϳϭϯ^^^t^t ϱϴ͘ϯϬϳϲϰϯϵ Ͳϭϯϰ͘ϯϵϮϯϭϵ WƵďůŝĐ^ƵƉƉůǇ ϲϵϲϱϲ ϭϭϬϯϰϮ ŝƚǇŶĚŽƌŽƵŐŚKĨ:ƵŶĞĂƵ ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ t>Ϭϭϳ;EĞǁtĞůůηϳͿŝƚǇĂŶĚŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ>Ăƚͬ>ŽŶŐƐƵƉƉůŝĞĚďǇϭϯϯ Ϭϰϭ^ϬϲϳϮϰEtEEtEt ϱϴ͘ϯϬϳϭϱϱϲ Ͳϭϯϰ͘ϯϵϰϭϴ WƵďůŝĐ^ƵƉƉůǇ ϲϵϲϳϰ ϭϭϬϯϰϮ ŝƚǇŶĚŽƌŽƵŐŚKĨ:ƵŶĞĂƵ ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ t>Ϭϭϲ;EĞǁtĞůůηϲͿŝƚǇĂŶĚŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ>Ăƚͬ>ŽŶŐƐƵƉƉůŝĞĚďǇϭϮϬ Ϭϰϭ^ϬϲϳϮϰEEEtEt ϱϴ͘ϯϬϳϯϭϵϲ Ͳϭϯϰ͘ϯϵϬϵϳϲ WƵďůŝĐ^ƵƉƉůǇ ϲϵϳϭϱ ϮϮϬϰϵϲ dĂůŽŶŽŶƐƚƌƵĐƚŝŽŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϱϵϬϬt͘WZ<^,tz͖͘Wt^/ϮϮϬϰϵϲd,ZZ^KZWKZdK&&/͕t>ϬϬϭ͖>Ž ϱϭ ^ϬϭϳEϬϬϮtϭϭEEt^tEt ϲϭ͘ϱϴϬϳϴϳϳ Ͳϭϰϵ͘ϱϵϳϵϵϮ WƵďůŝĐ^ƵƉƉůǇ ůĂƐƐͲWƵďůŝĐ^ƵƉƉůǇtĞůů͘ƌŝůůĞĚϭϬΖĐĂƐŝŶŐƚŽϮϬΖĂŶĚĨŝůůĞĚ ǁŝƚŚďĞŶƚŽŶŝƚĞ͕ƉƵůůĞĚŽƵƚ ϳϬϭϱϲ ϮϮϬϰϬϴ sĂůůĞǇhƚŝůŝƚŝĞƐ>ůĐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ tĞůůηϴWt^/ϮϮϬϰϬϴsĂůůĞǇhƚŝůŝƚŝĞƐ>>͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϯϯϴ ^ϬϭϱEϬϬϰtϯϮ^tEt^tE ϲϭ͘ϯϰϵϬϱϭ ͲϭϱϬ͘ϬϯϮϳϮϰ WƵďůŝĐ^ƵƉƉůǇ ϳϬϯϵϰ ϯϲϬϭϰϭ dĂŶĂŶĂŚŝĞĨƐŽŶĨĞƌĞŶĐĞ tĞůůηϭ<ĂůƚĂŐWƵďůŝĐtĂƚĞƌ^ǇƐƚĞŵ͖Wt^t>ϬϬϭ͖>ŽĐĂƟŽŶǀĞƌŝĮĞĚďǇ͘ϭϲ <Ϭϭϯ^ϬϬϭϯϬEtEtE^ ϲϰ͘ϯϯϮϲϯϵ Ͳϭϱϴ͘ϳϯϳϯϭϯ WƵďůŝĐ^ƵƉƉůǇ ϳϬϯϵϱ ϯϲϬϭϰϭ dĂŶĂŶĂŚŝĞĨƐŽŶĨĞƌĞŶĐĞ tĞůůηϮ<ĂůƚĂŐWƵďůŝĐtĂƚĞƌ^ǇƐƚĞŵ͖Wt^t>ϬϬϮ͖>ŽĐĂƟŽŶǀĞƌŝĮĞĚďǇ͘ <Ϭϭϯ^ϬϬϭϯϬEEEt^ ϲϰ͘ϯϯϮϭϬϵ Ͳϭϱϴ͘ϳϯϴϴϰϳ WƵďůŝĐ^ƵƉƉůǇ ϳϬϰϱϰ ϮϮϬϰϳϯ 'ŽŶĚƌ͕Žď DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϰϬϬϬ^ƚĞǀĞŶƌŝǀĞt^/>>͕<͖Wt^/ϮϮϬϰϳϯDZKEZ^͕t>ϬϬϮ;t>>Ϯϭϳϰ ^ϬϭϳEϬϬϭϬϳ^EtEEt ϲϭ͘ϱϴϯϰϲϭϴ Ͳϭϰϵ͘ϯϰϵϬϭϰ WƵďůŝĐ^ƵƉƉůǇ ϳϬϳϳϱ ϮϮϬϬϴϲ EŽƌƚŚ^ƚĂƌĞŚĂǀŝŽƌĂů,ĞĂůƚŚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ EĞǁǁĞůůϭ͘t>ϬϬϯ͘ϯϲϰϳE>Z<tK>sZ/EZ͘W>DZ͕<dKtE^,/WϭϴEZϰϬϯ ^ϬϭϴEϬϬϮϮϳ^tE^tE ϲϭ͘ϲϮϯϴϰϬϯ Ͳϭϰϵ͘ϬϲϳϯϬϳ WƵďůŝĐ^ƵƉƉůǇ ϳϮϬϭϰ ϮϮϲϬϱϭ ,ŽŵĞ^ŝƚĞWƌŽƉĞƌƚŝĞƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Dd͘'>KZz,/',d^W,^͘ϭhd/>/dz>Kd͍͖Wt^/ϮϮϲϬϱϭDKhEd>^ϯϮϮϬϵ ϭϯϱ ^ϬϭϴEϬϬϭϬϭ^t^^t^ ϲϭ͘ϲϳϮϬϬϬϵ Ͳϭϰϵ͘ϭϴϴϬϬϰ WƵďůŝĐ^ƵƉƉůǇ tĞůůƚŽďĞƚĞƐƚƉƵŵƉĞĚĨŽƌϮϰŚŽƵƌƐ͘ĞŶƚŽŶŝƚĞĂĚĚĞĚƚŽƚŚĞ ĐĂƐŝŶŐ͘ϭϬΖŽĨϴϬƐůŽƚͬϭϬƐůŽƚͬϲϬƐůŽƚƐĐƌĞĞŶǁͬϮΖƚĂŝůĂŶĚϮΖƌŝƐĞƌ ƉŝƉĞ͘WƵďůŝĐƐƵƉƉůǇǁĞůů ϳϮϬϳϰ ϯϰϬϮϰϴ sŝůůĂŐĞ^ĂĨĞtĂƚĞƌͲŝƚǇKĨdĞůůĞƌ sŝůůĂŐĞƐĂĨĞǁĂƚĞƌͲĐŝƚǇŽĨƚĞůůĞƌ͖Wt^t>ϬϬϭ;t>>ϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘Ϯϴ <ϬϬϯ^ϬϯϳtϬϴE^EE ϲϱ͘Ϯϰϳϰϴϯ Ͳϭϲϲ͘Ϯϵϰϰϰϯ WƵďůŝĐ^ƵƉƉůǇ ϳϮϬϳϱ ϯϰϬϮϰϴ sŝůůĂŐĞ^ĂĨĞtĂƚĞƌͲŝƚǇKĨdĞůůĞƌ sŝůůĂŐĞƐĂĨĞǁĂƚĞƌͲĐŝƚǇŽĨƚĞůůĞƌ͖Wt^t>ϬϬϮ;t>>ϮͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘Ϯϵ <ϬϬϯ^ϬϯϳtϬϴE^EE ϲϱ͘ϮϰϳϰϬϳ Ͳϭϲϲ͘Ϯϵϰϭϭ WƵďůŝĐ^ƵƉƉůǇ ϳϮϰϱϰ ϮϭϮϴϭϵ ^ĐŚĂĐŚůĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ </E'^ZZz><ϭ>dϱϳϮϱϭĂŶƚŽŶŵĞŶƚƚ͘E,KZ'͕<ŶĐŚŽƌĂŐĞƉĂƌĐĞůǀŝĞǁĞƌůŝƐƚƐZ^ϬϭϮEϬϬϯtϬϰ^tEt^^t ϲϭ͘ϭϱϰϱϰϭ Ͳϭϰϵ͘ϴϮϰϵϬϱ WƵďůŝĐ^ƵƉƉůǇ ϳϯϭϵϱ ϮϮϬϱϬϲ ,ŽǁĚŝĞ͕/ŶĐ͘ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'ZEZ/'//Z^>KdϮͲϮ;t^dt>>Ϳ͖Wt^t>ϬϬϭ;t>>ηϮ>^ϯϰϭϴϮ ϭϬϬ ^ϬϭϳEϬϬϭϬϳ^tE^t^t ϲϭ͘ϱϳϮϴϲϬϳ Ͳϭϰϵ͘ϯϱϰϰϮϰϳ WƵďůŝĐ^ƵƉƉůǇ ůĂƐƐtĞůů͘ƌŝůůĞĚǁŝƚŚϭϬΗĐĂƐŝŶŐƚŽϮϬΖĂŶĚĨŝůůĞĚǁŝƚŚ ďĞŶƚŽŶŝƚĞ ϳϯϯϳϲ ϮϲϬϭϵϳ ŝƚǇKĨŝůůŝŶŐŚĂŵ t>ϬϬϳ;ŶĞǁƉĂƌŬǁĞůůͿŝƚǇŽĨŝůůŝŶŐŚĂŵ ϭϵϴ ^Ϭϭϯ^Ϭϱϱtϭϲ^^^^t ϱϵ͘ϬϰϯϬϳϭϳ Ͳϭϱϴ͘ϰϲϮϱϱϱ WƵďůŝĐ^ƵƉƉůǇ ϳϯϰϭϲ ϮϲϮϱϭϯ Kďŝ^ĞĂĨŽŽĚƐ>ůĐ t>ϬϬϮ;t>t>>ηϭͿ//>^&KK^K/^&KK^͘>ŽĐĂƟŽŶǀĞƌŝĮĞĚďǇϭϬϬ ^Ϭϭϯ^ϬϱϱtϭϬEE^tEt ϱϵ͘Ϭϲϳϳϯϭ Ͳϭϱϴ͘ϰϰϮϬϲϮ WƵďůŝĐ^ƵƉƉůǇ >ŽŐ/Ě Wt^/ KǁŶĞƌ ZĞŐŝŽŶ WĂƌĐĞůĞƐĐƌŝƉƚŝŽŶ >^ tĞůů ĞƉƚŚ DdZ^ >ĂƚŝƚƵĚĞ >ŽŶŐŝƚƵĚĞ tĞůůhƐĞ ƌŝůůĞƌƐŽŵŵĞŶƚƐ ^ƚĂƚĞǁŝĚĞWƵďůŝĐtĞůůƐͲt>d^ ϳϯϰϯϲ ϮϲϮϱϭϯ Kďŝ^ĞĂĨŽŽĚƐ>ůĐ t>ϬϬϯ;t>t>>ηϮͿK/^&KK^//>^&KK^͘>ŽĐĂƟŽŶǀĞƌŝĮĞĚďǇ͘ϭϬϬ ^Ϭϭϯ^ϬϱϱtϭϬEE^tEt ϱϵ͘Ϭϲϳϴϳϵ Ͳϭϱϴ͘ϰϰϮϮϵϴ WƵďůŝĐ^ƵƉƉůǇ ϳϯϰϱϲ ϮϲϮϱϭϯ Kďŝ^ĞĂĨŽŽĚƐ t>ϬϬϰ;t>t>>ηϯͿ//>^&KK^K/^&KK^͘>ŽĐĂƟŽŶǀĞƌŝĮĞĚďǇ͘ϵϬ ^Ϭϭϯ^ϬϱϱtϭϬ^^EtEt ϱϵ͘ϬϲϴϯϬϲ Ͳϭϱϴ͘ϰϰϭϳϭϵ WƵďůŝĐ^ƵƉƉůǇ ϳϯϰϳϲ ϮϲϮϱϭϯ Kďŝ^ĞĂĨŽŽĚƐ t>ϬϬϱ;t>t>>ηϰͿ//>^&KK^K/^&KK^͘>ŽĐĂƟŽŶǀĞƌŝĮĞĚďǇ͘ϵϬ ^Ϭϭϯ^ϬϱϱtϭϬ^^EtEt ϱϵ͘ϬϲϴϮϭϰ Ͳϭϱϴ͘ϰϰϭϯϭϴ WƵďůŝĐ^ƵƉƉůǇ ϳϯϰϵϲ ϮϲϮϱϭϯ Kďŝ^ĞĂĨŽŽĚƐ t>ϬϬϲ;t>t>>ηϱͿ//>^&KK^K/^&KK^͘>ŽĐĂƟŽŶǀĞƌŝĮĞĚďǇ͘ϭϮϬ ^Ϭϭϯ^ϬϱϱtϭϬ^^EtEt ϱϵ͘ϬϲϴϭϮϲ Ͳϭϱϴ͘ϰϰϭϬϬϴ WƵďůŝĐ^ƵƉƉůǇ ϳϰϰϵϲ ϯϴϮϭϬϭ hƉƉĞƌŚŝĞĨƐŽŶĨĞƌĞŶĐĞ dhƉƉĞƌdĂŶĂŶĂ,ĞĂůƚŚůŝŶŝĐͲdŽŬ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϭϴ ϬϭϴEϬϭϯϭϵEEtEtE ϲϯ͘ϯϯϮϴϵϲ ͲϭϰϮ͘ϵϵϭϳϮϵ WƵďůŝĐ^ƵƉƉůǇ ϳϰϲϵϲ Ϯϭϰϰϳϭ ^ĂůǀĂƚŝŽŶƌŵǇ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^ĞǁĂƌĚ,ǁǇĂŶĚĞƌŵŽƵŶZĚ͘ŶĐŚŽƌĂŐĞ͕<^ƵŶƐĞƚ,ŝůůƐĂƉƟƐƚŚƵƌĐŚWt^/Ϯ ϭϱϮ͘ϱ ^ϬϭϮEϬϬϯtϯϮEEEtE ϲϭ͘Ϭϵϯϳϱ Ͳϭϰϵ͘ϴϰϮϯϳϳ WƵďůŝĐ^ƵƉƉůǇ ϳϰϵϭϴ ϮϮϬϰϴϯ ůĂƐŬĂ'ĂƌĚĞŶ'ĂƚĞĞĚŶĚƌĞĂŬĨĂƐƚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dKtE^,/WϭϳEZE'ϭ^d/KEϭϬ>KdϱϵϱϬ^^EK'Z^^>^ϯϯϰϵϵ ϯϯϮ ^ϬϭϳEϬϬϭϭϬ^tEt^^t ϲϭ͘ϱϳϮϵϴϬϮ Ͳϭϰϵ͘ϮϲϬϲϮϱϱ WƵďůŝĐ^ƵƉƉůǇ ϳϰϵϱϲ ϮϭϭϬϳϱ hŶŬŶŽǁŶ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ /DKE^dd^dZ/>ZKhZd͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘Ϯϯϭ ^ϬϭϮEϬϬϰtϭϮEtEt^t^ ϲϭ͘ϭϰϬϱϵϭ Ͳϭϰϵ͘ϵϬϱϲϬϰ WƵďůŝĐ^ƵƉƉůǇ ϳϱϬϯϴ ϯϵϮϭϭϰ ^ĞƚŚ ĞŶĂůŝŽƌŽƵŐŚ ,ĞĂůǇ͖Wt^/ϯϵϮϭϭϰ,>z^d^/E&KKdK'K͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ ϭϰϬ &ϬϭϮ^ϬϬϴtϭϯ^^E^ ϲϯ͘ϴϳϭϳϵϵϱ Ͳϭϰϵ͘Ϭϭϳϯϰϵ WƵďůŝĐ^ƵƉƉůǇ ϳϱϬϱϵ ϮϰϮϯϬϭ hƐĚĂ&ŽƌĞƐƚ^ĞƌǀŝĐĞ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ dƌĂŝůZŝǀĞƌηϲ;ďĞƚǁĞĞŶƐŝƚĞƐϭϬĂŶĚϭϮZŝǀĞƌdĞƌƌĂĐĞ>ŽŽƉͿdƌĂŝůZŝǀĞƌĂŵƉŐƌŽƵŶĚ ϰϰ ^ϬϬϰEϬϬϭtϮϰ^tE^t^t ϲϬ͘ϰϭϳϭϰϴϲ Ͳϭϰϵ͘ϯϴϯϱϰϱ WƵďůŝĐ^ƵƉƉůǇ ϳϱϬϲϭ ϮϰϬϯϵϭ hƐĚĂ&ŽƌĞƐƚ^ĞƌǀŝĐĞ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ dƌĂŝůZŝǀĞƌtĞůůηϰdƌĂŝůZŝǀĞƌĂŵƉŐƌŽƵŶĚ ϰϭ ^ϬϬϰEϬϬϭtϮϰ^t^^t^t ϲϬ͘ϰϭϱϲϵϵ Ͳϭϰϵ͘ϯϴϰϮϵϯ WƵďůŝĐ^ƵƉƉůǇ ϳϱϬϵϲ ϮϰϬϮϵϰ hƐĚĂ&ŽƌĞƐƚ^ĞƌǀŝĐĞ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ WƚĂƌŵŝŐĂŶ^ŽƵƚŚtĞůůWƚĂƌŵŝŐĂŶĂŵƉŐƌŽƵŶĚ ϯϲ ^ϬϬϰEϬϬϭtϮϱEt^E^ ϲϬ͘ϰϬϱϱϴϮϰ Ͳϭϰϵ͘ϯϲϮϭϱϮ WƵďůŝĐ^ƵƉƉůǇ ϳϱϭϱϲ ϮϮϰϲϰϲ ŝƚǇKĨtĂƐŝůůĂ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ĂƐƚ^ƵƐŝƚŶĂWƌŽũĞĐƚ͘Wt^t>ϬϭϬ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^ϯϭϴϮϭ ϭϰϱ ^ϬϭϳEϬϬϭtϭϬ^t^^E ϲϭ͘ϱϳϴϲϲϯ Ͳϭϰϵ͘ϰϮϯϮϱϵ WƵďůŝĐ^ƵƉƉůǇ ϳϱϯϵϳ Ϯϰϯϲϱϴ ŶĚƌŝĞƐ͕WĞƚĞ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ϮϬϭϱdĞƐƚtĞůůηϮ<Ͳ^hWdϱ>Kdϭϵ><ϰϯϱϬϳϱZsEtKK^>^ϭϭϮϲϴ ϰϬ ^ϬϬϱEϬϭϭtϮϲE^^^ ϲϬ͘ϰϴϵϬϬϵϵ Ͳϭϱϭ͘ϭϰϱϳϴϮ WƵďůŝĐ^ƵƉƉůǇ ϳϱϳϵϲ ϮϮϬϰϵϳ <ŝƚƚŝǁĂŬĞ͕>ůĐ͘ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϲϴϵϰt͘EKZDΖ^ZK͖Wt^/ϮϮϬϰϵϳ</dd/t<tdZ^z^dD>^ϯϯϴϮϭ ϯϬϭ ^ϬϭϴEϬϬϮtϮϳ^tEt^t^t ϲϭ͘ϲϭϲϯϬϳ Ͳϭϰϵ͘ϲϯϬϮϲϭ WƵďůŝĐ^ƵƉƉůǇ WŝĐŬĞĚƵƉƚŚĞŵŽƐƚǁĂƚĞƌǁŝƚŚŝŶƚŚĞƚǁŽŐƌĂǀĞůǌŽŶĞƐŝŶƚŚĞ ďĞĚƌŽĐŬ ϳϲϰϯϲ ϮϮϲϯϵϳ &ŝŵƉĞů͕:ĂŵĞƐŶĚĂƌůĂ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ hZ<>K't>ϬϬϮ;tĞůůϮͿ ϭϬϮ ^ϬϮϭEϬϭϮϬϭEtEtEt^ ϲϭ͘ϵϯϴϭϴϲϲ Ͳϭϰϳ͘ϭϳϮϳϭϰ WƵďůŝĐ^ƵƉƉůǇ ϳϲϱϱϲ ϯϵϮϬϱϵ ,ĞůǁŝŐ͕<ĞǀŝŶ ĞŶĂůŝŽƌŽƵŐŚ ĞŶĂůŝdƌŝsĂůůĞǇĂďŝŶƐ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϲϬ &ϬϭϮ^ϬϬϴtϭϯE^^tE ϲϯ͘ϴϳϲϯϵϭ Ͳϭϰϵ͘ϬϮϱϰϮϲ WƵďůŝĐ^ƵƉƉůǇ ϳϲϲϯϲ ϮϮϱϵϴϯ 'ůĞĂƐŽŶ͕ĂǀĞ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ 'KZ>K<ϱ>Kdϲ͕Wt^/ϮϮϱϵϴϯKdΘW&^tZDZ >^ϯϯϴϭϮ ϮϬϱ ^ϬϭϳEϬϬϭtϭϮE^^E ϲϭ͘ϱϳϴϴϭϱϱ Ͳϭϰϵ͘ϯϲϬϰϭϯ WƵďůŝĐ^ƵƉƉůǇ ϳϳϯϳϲ ϯϵϬϯϱϴ ĞŶĂůŝĂďŝŶƐ ĞŶĂůŝŽƌŽƵŐŚ ĞŶĂůŝĂďŝŶƐDŝůĞϮϮϵ͘ϭWĂƌŬƐ,ŝŐŚǁĂǇůĂƐŬĂh^^hZszϰϯϬϰ͕WĂƌĐĞůϭtĞƐƚďǇE ϰϰϳ &Ϭϭϱ^ϬϬϲtϬϳ^EtEtE ϲϯ͘ϲϯϱϭϱϱϵ Ͳϭϰϴ͘ϳϴϳϮϲϭϰ WƵďůŝĐ^ƵƉƉůǇ EŽŶŽƚŝĐĞĂďůĞǁĂƚĞƌŝŶďĞĚƌŽĐŬ ϳϳϲϮϮ ϮϮϬϬϵϯ <ŐŶƚĞƌƉƌŝƐĞƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WZ/^,WZ>>K<ϭ>KdϮϮϬϲϬ^,hZ,^d͖Wt^t>ϬϬϮ͖WZ/^>Kd/KE ϭϭϳ ^ϬϭϳEϬϬϭϭϲ^^Et^t ϲϭ͘ϱϲϬϭϱϬϭ Ͳϭϰϵ͘ϮϵϮϵϱϯ WƵďůŝĐ^ƵƉƉůǇ ϳϳϳϬϬ ϯϵϬϬϲϱ ŝƚǇKĨEĞŶĂŶĂ zƵŬŽŶͲ<ŽǇƵŬƵŬZtĞůůϯŝƚǇŽĨEĞŶĂŶĂWƵďůŝĐ^ƵƉƉůǇtĞůů͖Wt^/ϯϵϬϬϲϱEEEDhE//W>tdϭϬϬ &ϬϬϰ^ϬϬϴtϭϰEt^t^^ ϲϰ͘ϱϲϭϵϰϯ Ͳϭϰϵ͘ϬϵϮϭϴ WƵďůŝĐ^ƵƉƉůǇ ϳϳϳϯϴ ϮϭϬϰϯϱ ƵƌŬ͕,ĞŶƌǇ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ t>ϬϬϭͲ/ŶĂĐƟǀĞ>ŽĐĂƟŽŶǀĞƌŝĮĞĚďǇ͘ZĂŶŐĞǀŝĞǁdƌĂŝůĞƌWĂƌŬ ϵϳ ^ϬϭϯEϬϬϯtϭϯ^^tEt^ ϲϭ͘Ϯϭϯϵϵϲϵ Ͳϭϰϵ͘ϳϯϭϭϱϱ WƵďůŝĐ^ƵƉƉůǇ ϳϳϴϬϯ ϮϭϭϱϲϮ ^ŽƵŶĚŽĂƐƚ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ tĞůůηϭΗŽůĚǁĞůůΗK>KE/>WZ<><ϰdZϵͲϮϭϬϬϭϱ,ŝůůĐƌĞƐƚ>Ŷ͘'>Z/sZ͕ϯϱϲ ^ϬϭϰEϬϬϭtϬϳ^t^t^^ ϲϭ͘ϯϭϭϭϭϱϯ Ͳϭϰϵ͘ϱϭϲϯϱϳ WƵďůŝĐ^ƵƉƉůǇ ϳϳϴϬϱ ϮϰϵϮϯϵ ĞƌƵŶŐ͕Ě <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ,>>^h><ϭdZϰϰϮϭϭϱ<>/&KZE^<z,Z͘^K>KdE͕>^ϯϯϲϴϬ ϯϭ ^ϬϬϱEϬϭϭtϮϯE^Et^t ϲϬ͘ϱϬϳϬϳϮϰ Ͳϭϱϭ͘ϭϲϳϲϵϰ WƵďůŝĐ^ƵƉƉůǇ ϳϳϴϬϵ ϮϳϬϲϵϳ ůĂƐŬĂEĂƚŝǀĞdƌŝďĂů,ĞĂůƚŚŽŶƐŽƌƚŝƵŵ t>ϬϬϮ>ŽǁĞƌ<ĂůƐŬĂŐtĂƚĞƌ^ǇƐƚĞŵ>ŽĐĂƟŽŶǀĞƌŝĮĞĚďǇ ^ϬϭϳEϬϲϭtϯϯ^t^t^t^t ϲϭ͘ϱϭϮϴϬϲ ͲϭϲϬ͘ϯϲϯϳϵ WƵďůŝĐ^ƵƉƉůǇ ϳϳϴϰϬ ϮϲϭϮϯϮ KĐĞĂŶĞĂƵƚǇ^ĞĂĨŽŽĚƐ ƌŝƐƚŽůĂǇŽƌŽƵŐŚ Wt^/ϮϲϭϮϯϮK/^&KK^>>ͲE<E<͕t>ϬϬϭ;t>>ηϭͿ͖>Ž>^ϯϯϲϳϴ Ϯϯϳ ^Ϭϭϳ^ϬϰϳtϬϮEt^tE^t ϱϴ͘ϳϮϵϲϯϳϭ Ͳϭϱϳ͘ϬϬϮϮϭϯ WƵďůŝĐ^ƵƉƉůǇ ϳϴϱϵϲ ϮϮϬϱϬϱ <ŐŶƚĞƌƉƌŝƐĞƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ,WWzs>>z>Kdϭ͖Wt^/ϮϮϬϱϬϱs>>zKhEdZz^dKZηϰ͕t>ϬϬϭ͖>ŽĐĂƚŝŽ ϯϲϭ ^ϬϭϳEϬϬϭϭϲE^t^^ ϲϭ͘ϱϱϳϰϬϵ Ͳϭϰϵ͘ϮϳϮϵϭϰ WƵďůŝĐ^ƵƉƉůǇ ϳϴϲϳϲ ϮϰϵϮϬϭ ^ŶĚZ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ :hDW/E':hEd/KEt>>,>>^h><ϭ>dϰϰϮϭϭϱ<>/&KZE^<z,Z͘^K ϯϮ ^ϬϬϱEϬϭϭtϮϯE^Et^t ϲϬ͘ϱϬϳϬϴϳϳ Ͳϭϱϭ͘ϭϲϳϲϰϴ WƵďůŝĐ^ƵƉƉůǇ ϳϴϵϱϲ ϮϲϮϬϲϴ ƌĂĚĨŽƌĚ͕'ĂƌǇ ƌŝƐƚŽůĂǇŽƌŽƵŐŚ Wt^/ϮϲϮϬϲϴ&/^,ZDE^Z͕t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϱϮ ^Ϭϭϳ^ϬϰϳtϬϯ^Et^t^ ϱϴ͘ϳϮϳϮϭϴϲ Ͳϭϱϳ͘ϬϮϬϱϯϴ WƵďůŝĐ^ƵƉƉůǇ ϳϵϬϳϲ ϮϳϬϬϲϭ ŝƚǇKĨKƐĐĂƌǀŝůůĞ K^Zs/>>tdZ/E'WK/Ed͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϴϬ ^ϬϬϳEϬϳϭtϬϱ^t^E^ ϲϬ͘ϳϮϮϮϴϳ Ͳϭϲϭ͘ϳϲϵϰϬϯ WƵďůŝĐ^ƵƉƉůǇ ϳϵϭϱϲ ϮϮϰϬϮϴ &ŽƌƚǇEŝŶĞƌ,ŽŵĞŽǁŶĞƌƐƐƐŽĐ͘ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϰϵΖZdZϭϭϴ ^ϬϭϳEϬϬϮtϬϵ^^^E ϲϭ͘ϱϳϴϯϬϬϱ Ͳϭϰϵ͘ϲϯϭϴϬϱ WƵďůŝĐ^ƵƉƉůǇ ϳϵϯϳϲ ϮϵϴϬϬϮ ŵďŽŶƐƚƌƵĐƚŝŽŶ DŽƵŶƚĂŝŶsŝĞǁƉĂƌƚŵĞŶƚƐ͘ZĂŝŶďŽǁ>ŽĚŐĞͲsĂůĚĞǌ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞ ϱϮ ϬϬϵ^ϬϬϱtϭϵE^EE ϲϭ͘Ϭϳϴϰϰϱ Ͳϭϰϲ͘ϭϳϭϬϰϰ WƵďůŝĐ^ƵƉƉůǇ ϳϵϰϯϵ ϮϭϬϲϯϵ tŝůŵŽƵƚŚ͕'ĞŽƌŐĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ t/>>/D^KEηϯdZϮͲϭϱϬϮϮϵϴƚŚ^ƚƌĞĞƚ͘ŶĐŚŽƌĂŐĞ͕<͖Wt^/ϮϭϬϲϯϵ^dϵ ϭϭϱ ^ϬϭϮEϬϬϯtϭϱ^t^t^tE ϲϭ͘ϭϯϬϴϱϭϳ Ͳϭϰϵ͘ϳϴϳϲϳϰ WƵďůŝĐ^ƵƉƉůǇ ϳϵϰϲϭ Ϯϰϯϳϳϭ EĞǁĂƐƚůĞƵŝůĚĞƌƐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ 'Zd>Es/>>'WZ</E>dZ^hWZd^sEDE>^ϮϰϬϰϬ ϭϴϬ ^ϬϬϲEϬϭϮtϬϮEt^EtE ϲϬ͘ϲϰϰϱϲϴ Ͳϭϱϭ͘ϯϯϮϭϰϯ WƵďůŝĐ^ƵƉƉůǇ ϳϵϰϲϯ Ϯϰϯϲϱϴ <ͲďtĂƚĞƌ^ĞƌǀŝĐĞ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ dĞƐƚtĞůůηϯ<Ͳ^hWdϱ>Kdϭϵ><ϰϯϱϬϳϱZsEtKK^d^͘^>^ϭϭϮϲϴ ϱϬ ^ϬϬϱEϬϭϭtϮϲE^^^ ϲϬ͘ϰϴϵϬϬϮϮ Ͳϭϱϭ͘ϭϰϱϵϮ WƵďůŝĐ^ƵƉƉůǇ ϳϵϰϲϰ Ϯϰϯϲϱϴ <ͲďtĂƚĞƌ^ǇƐƚĞŵƐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ dĞƐƚtĞůůηϰ<Ͳ^hWdϱ>Kdϭϵ><ϰϯϱϬϳϱZsEtKK^d^͘^>^ϭϭϮϲϴ ϰϮ ^ϬϬϱEϬϭϭtϮϲE^^^ ϲϬ͘ϰϴϴϴϯϰϰ Ͳϭϱϭ͘ϭϰϱϵϬϱ WƵďůŝĐ^ƵƉƉůǇ ϳϵϲϯϲ Ϯϭϯϵϱϰ ĞĂƌsĂůůĞǇůĞŵĞŶƚĂƌǇ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ DŽƵŶƚĂŝŶŝƌƐƚĂƚĞƐĚĚϮdƌͲϭ >^ϱϲϯ ϳϰ ^ϬϭϮEϬϬϯtϯϱEt^E^ ϲϭ͘Ϭϴϰϯϲϱϴ Ͳϭϰϵ͘ϳϰϳϬϱϱ WƵďůŝĐ^ƵƉƉůǇ ϳϵϲϴϭ ϮϭϰϭϬϰ hŶŝƚĞĚWĞŶƚĞĐŽƐƚĂůŚƵƌĐŚ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ϭϮϮϰϱ:ĞƌŽŵĞ^ƚ͘ŶĐŚŽƌĂŐĞ͕<tKK,sEdZϭϬϲ ^ϬϭϮEϬϬϯtϮϭ^t^t^^ ϲϭ͘ϭϬϵϰϭϳ Ͳϭϰϵ͘ϴϭϬϯϲϰ WƵďůŝĐ^ƵƉƉůǇ ϳϵϴϯϲ ϯϴϮϭϭϵ dŽŬĐĞ,ĂƌĚǁĂƌĞ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ůĂƐŬĂ,ǁǇΘĂůĞŶĞZĚ͕dŽŬ͕<͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď>^ϯϰϬϲϰ ϭϭϰ ϬϭϴEϬϭϯϭϳ^t^t^t^ ϲϯ͘ϯϯϯϲϯϳ ͲϭϰϮ͘ϵϲϭϳϰϵ WƵďůŝĐ^ƵƉƉůǇ ϴϬϬϭϳ ϮϮϬϱϬϵ ĞůůŽ͕ŚƌŝƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ /Z,WZ<͘ηϭ>KdϮ><ϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϯϰϯϳϮ ϭϳϬ ^ϬϭϳEϬϬϯtϭϱEEt^^ ϲϭ͘ϱϱϵϲϬϱ Ͳϭϰϵ͘ϳϴϲϱϴϱ WƵďůŝĐ^ƵƉƉůǇ ϴϬϯϭϲ ϮϭϰϮϳϳ ĂƌƌƐƌŽǁƌĞĞŬ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ Et'/ZtKKdKtE^/d>^<><ϭ>dϭΘϮϭϰϳ,ŝŐŚƚŽǁĞƌZĚ͘'/ZtKKϯϵ ^ϬϭϬEϬϬϮϭϳ^tEEtE ϲϬ͘ϵϲϮϴϯϯϰ Ͳϭϰϵ͘ϭϯϰϰϲ WƵďůŝĐ^ƵƉƉůǇ ϴϬϲϭϲ ϯϰϬϱϲϱ ůĂƐŬĂEĂƚŝǀĞdƌŝďĂů,ĞĂůƚŚŽŶƐŽƌƚŝƵŵ EŽƌƚŚǁĞƐƚƌĐƚŝĐŽƌŽƵŐŚ <ŽďƵŬŽŵŵƵŶŝƚǇtĞůůĂĐŬƵƉtĞůůWt^/<Kh<tdZ^z^dD͕t>ϬϬϮ;Khd^/ϯϮ <ϬϭϳEϬϬϵϬϯ^tEtEEt ϲϲ͘ϵϬϳϴϰϰϱ Ͳϭϱϲ͘ϴϴϯϰϬϴ WƵďůŝĐ^ƵƉƉůǇ ϴϬϳϵϳ ϮϭϮϲϮϯ &ŝƌƐƚŽŶƐĞƌǀĂƚŝǀĞĂƉƚŝƐƚŚƵƌĐŚ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ D/^^/K/,hZ,/EK>>',/',d^><ϴ>dϰϯϭϬϮŽŶŝĨĂĐĞWŬǁǇ͘E,K ϴϬ ^ϬϭϯEϬϬϯtϮϳE^EE ϲϭ͘ϭϵϮϱϮϳϴ Ͳϭϰϵ͘ϳϳϵϮϬϱ WƵďůŝĐ^ƵƉƉůǇ ϴϬϴϭϲ Ϯϭϴϳϯϭ hŶŬŶŽǁŶ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ dϭϱEZϮt^Ϯϰ>dϲWdE,><WZ<Ϯϵϴ ^ϬϭϱEϬϬϮtϮϰEtEE^ ϲϭ͘ϯϳϱϱϱϯϭ Ͳϭϰϵ͘ϱϰϬϴϲϯ WƵďůŝĐ^ƵƉƉůǇ ϴϬϵϵϲ ϮϭϬϲϵϳ >ĂŵƉĞƌƚ͕ƌŶŝĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ D</E>zs/t^dd^dZtϮϭϱϬϬĂƌŽŶƌ͘,h'/<͕<ϮϲϬ ^ϬϭϱEϬϬϭtϬϰEE^t^ ϲϭ͘ϰϭϰϲϴϴϭ Ͳϭϰϵ͘ϰϱϴϲϰϵ WƵďůŝĐ^ƵƉƉůǇ dŚŝƐŝƐĂĐŽƉǇŽĨƚŚĞŽƌŝŐŝŶĂůůŽŐŽŶĨŝůĞĂƚDͲtŐŝǀĞŶƚŽ:ŝŵ ZŝĚŐĞǁĂǇŽŶϭͬϮϭͬϮϬϬϴǀŝĂƉŚŽŶĞ͘ ϮϬϱͲϮϭϬtĂƚĞƌďĞĂƌŝŶŐͲϴŐƉŵ ϮϮϲͲϮϯϭtĂƚĞƌďĞĂƌŝŶŐͲϯϱŐƉŵ ϮϯϲͲϮϱϮtĂƚĞƌďĞĂƌŝŶŐͲϱϬŐƉŵ ϴϭϰϯϲ ϮϭϱϯϲϮ hŶŝƚĞĚ^ƚĂƚĞƐ&ŽƌĞƐƚ^ĞƌǀŝĐĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ tŝůůŝǁĂǁĂŵƉŐƌŽƵŶĚ͘tĞůůϭ͘ϰϮ ^ϬϬϴEϬϬϯϭϰEt^t^tE ϲϬ͘ϳϴϱϯϰϳ Ͳϭϰϴ͘ϴϳϲϰϭϵ WƵďůŝĐ^ƵƉƉůǇ tĞůůĚĞĞƉĞŶĞĚĨƌŽŵϮϮĨƚƚŽϰϮĨƚŽŶ:ƵůǇϮϱ͕ϭϵϴϳ͘ ϴϭϰϯϳ ϮϭϱϯϳϬ hŶŝƚĞĚ^ƚĂƚĞƐ&ŽƌĞƐƚ^ĞƌǀŝĐĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ tŝůůŝǁĂǁĂŵƉŐƌŽƵŶĚ͘tĞůůϮ͘ϰϭ ^ϬϬϴEϬϬϯϭϰEtE^Et ϲϬ͘ϳϴϲϳϰϳ Ͳϭϰϴ͘ϴϳϴϴϵϭ WƵďůŝĐ^ƵƉƉůǇ tĞůůĚĞĞƉĞŶĞĚĨƌŽŵϭϵĨƚƚŽϰϭĨƚŽŶ:ƵůǇϮϯ͕ϭϵϴϳ͘ ϴϭϰϯϴ Ϯϭϱϯϴϴ hŶŝƚĞĚ^ƚĂƚĞƐ&ŽƌĞƐƚ^ĞƌǀŝĐĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ tŝůůŝǁĂǁĂŵƉŐƌŽƵŶĚ͘tĞůůϯ͘ϰϬ ^ϬϬϴEϬϬϯϭϰEE^tEt ϲϬ͘ϳϴϲϱϰϴϲ Ͳϭϰϴ͘ϴϴϱϴϯϰ WƵďůŝĐ^ƵƉƉůǇ tĞůůĚĞĞƉĞŶĞĚĨƌŽŵϮϬĨƚƚŽϰϬĨƚŽŶ:ƵůǇϮϯ͕ϭϵϴϳ͘ ϴϭϰϯϵ Ϯϭϴϱϱϭ hŶŝƚĞĚ^ƚĂƚĞƐ&ŽƌĞƐƚ^ĞƌǀŝĐĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ tŝůůŝǁĂǁĂŵƉŐƌŽƵŶĚ͘tĞůůϰ͘ϯϱ͘ϱ ^ϬϬϴEϬϬϯϭϰ^t^^tE ϲϬ͘ϳϴϯϲϱϳϭ Ͳϭϰϴ͘ϴϳϭϵϰϴ WƵďůŝĐ^ƵƉƉůǇ ^ĞĞƉƵŵƉƚĞƐƚĨŽƌǇŝĞůĚ͘ ϴϭϳϴϬ ϮϮϭϬϬϰ KƵƌ>ĂĚǇKĨdŚĞ>ĂŬĞĂƚŚŽůŝĐŚƵƌĐŚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dKtE^,/WϭϳEZE'ϯt^d/KEϮϴ>KdϯϰϮϳϱ^KƐĐĂƌŶĚĞƌƐŽŶZĚ͘/'><ϲϰ ^ϬϭϳEϬϬϯtϮϴEEtEt^ ϲϭ͘ϱϯϰϭϳϵϳ Ͳϭϰϵ͘ϴϮϰϰϭϳ WƵďůŝĐ^ƵƉƉůǇ ϴϭϴϯϲ ϮϲϮϯϬϭ EĂƉĂŬŝĂŬ EW</<t^,dZ/͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϯϬ ^ϬϬϳEϬϳϮtϭϴE^E^ ϲϬ͘ϲϵϰϲϲϰ Ͳϭϲϭ͘ϵϳϮϴϬϱ WƵďůŝĐ^ƵƉƉůǇ ϴϭϴϱϴ ϮϲϯϬϬϮ EĂƉĂŬŝĂŬ /ŶĂĐƚŝǀĞŶŽŶͲƉƵďůŝĐǁĞůů͘EŽǁĞůůůŽŐ͖͘EŽŶͲWƵďůŝĐt>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ ^ϬϬϳEϬϳϮtϭϴEEE^t ϲϬ͘ϲϵϲϭϮ Ͳϭϲϭ͘ϵϴϲϭϴϵ WƵďůŝĐ^ƵƉƉůǇ ϴϭϴϳϲ ϮϭϬϳϴϲ ^ŵŝƚŚ͕&ƌĞĚ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ KZ>/^ηϭEŽ>Žƚ͘KD',KDKtEZ^^^K/d/KE͘ϭϱϳ ^ϬϭϮEϬϬϯtϮϮ^tEE^t ϲϭ͘ϭϭϰϰϵϬϱ Ͳϭϰϵ͘ϳϵϮϮϲϳ WƵďůŝĐ^ƵƉƉůǇ ϴϭϵϱϲ ϮϲϯϬϲϭ ĚǁĂƌĚƐ͕ZŝĐŚĂƌĚŶĚǀĂ:ƵŶĞ ƌŝƐƚŽůĂǇŽƌŽƵŐŚ t>ϬϬϮ;ŝŶƐŝĚĞďƵŝůĚŝŶŐͿ͘,ZdK&d,^,/Z͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϭϬ ^Ϭϭϲ^ϬϰϲtϯϮEtE^^ ϱϴ͘ϳϰϮϭϲϴϰ Ͳϭϱϲ͘ϵϳϳϰϭϳ WƵďůŝĐ^ƵƉƉůǇ ϴϮϭϱϲ ϮϳϮϬϬϳ EĞǁƚŽŬ^ĐŚŽŽůtĞůů EĞǁƚŽŬ^ĐŚŽŽůtĞůů͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϰϰϱ ^ϬϭϬEϬϴϳtϮϰ^tE^t^ ϲϬ͘ϵϯϲϴϱϯ Ͳϭϲϰ͘ϲϮϵϳϵϱ WƵďůŝĐ^ƵƉƉůǇ ϴϮϭϱϳ ϮϳϮϬϭϮ ŚƵĂƚŚďĂůƵŬtĂƚĞƌ^ǇƐƚĞŵ ŚƵƚŚďĂůƵŬǁĂƚĞƌƐǇƐƚĞŵ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϲϬ ^ϬϭϳEϬϱϱtϭϬEEEt^t ϲϭ͘ϱϳϳϭϬϯ Ͳϭϱϵ͘Ϯϯϴϱϯϯ WƵďůŝĐ^ƵƉƉůǇ ϴϮϭϳϲ ϯϯϬϬϳϬ ŶŝWĞƚƌŽůĞƵŵ EŽƌƚŚ^ůŽƉĞŽƌŽƵŐŚ tĞůůϯ͘Wt^/ϯϯϬϬϳϬE/WdZKK>/<dK<ͬKWWĂŶĚE/</d,hYͬ>^ϮϵϲϬϲ ϲϬ͘ϴ hϬϭϯEϬϬϵϬϱEt^^tE ϳϬ͘ϱϭϬϭϴϮ Ͳϭϰϵ͘ϴϲϵϱϬϯ WƵďůŝĐ^ƵƉƉůǇ tĞůůĚƌŝůůĞĚĂƚĂϰϱĚĞŐĂŶŐůĞ͘ůůŵĞĂƐƵƌĞŵĞŶƚƐŽŶǁĞůůůŽŐĂƌĞ ƚƌƵĞĚĞƉƚŚ͘EŽƚǀĞƌƚŝĐĂůĚĞƉƚŚ͘ĞƉƚŚŽĨŚŽůĞĂďŽǀĞŚĂƐďĞĞŶ ĐĂůĐƵůĂƚĞĚĨƌŽŵǁĞůůůŽŐĂŶĚϰϱĚĞŐƌĞĞĂŶŐůĞ͘ ϴϮϭϵϲ ϮϮϱϯϵϴ sŝĐƚŽƌǇŝďůĞĂŵƉ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ sŝĐƚŽƌǇŝďůĞĂŵƉZĂŶĐŚ ϭϰϱ ^ϬϮϬEϬϬϴϮϮEEt^^t ϲϭ͘ϴϬϱϭϵϴϳ Ͳϭϰϳ͘ϵϴϵϳϳϳ WƵďůŝĐ^ƵƉƉůǇ ϴϮϱϱϲ ϮϭϯϰϮϱ ^ŚĂĞĨĞƌ͕'ĞŽƌŐĞ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ WŽƌƚĂŐĞ'ůĂĐŝĞƌ>ŽĚŐĞ ϴϬ͘ϱ ^ϬϬϴEϬϬϯϭϯEEtEt^ ϲϬ͘ϳϴϮϴϴϮϳ Ͳϭϰϴ͘ϴϰϰϭϬϭ WƵďůŝĐ^ƵƉƉůǇ ϴϮϱϳϲ ϮϰϬϱϱϯ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ E/E/>,/<^,KK>^/ddZϭϱϴϬϭ^dZ>/E',tz͘E/E/>,/<͕<͖Wt^/ϮϰϬϱϱϯϵϰ ^ϬϬϭ^ϬϭϰtϯϰEE^t^t ϲϬ͘ϬϰϮϰϳϲϳ Ͳϭϱϭ͘ϲϳϱϮϰϳ WƵďůŝĐ^ƵƉƉůǇ ϴϮϱϵϲ ϮϲϮϳϬϱ WĂƵŐͲǀŝŬ/ŶĐ ƌŝƐƚŽůĂǇŽƌŽƵŐŚ ůĂƐŬĂŐĞŶĞƌĂůƐĞĂĨŽŽĚƐEĂŬŶĞŬͲĨƌĞĞǌŝŶŐ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϰϬ ^Ϭϭϳ^ϬϰϳtϬϮEEtEt^ ϱϴ͘ϳϯϭϴϳϮ Ͳϭϱϲ͘ϵϵϯϰϱϳ WƵďůŝĐ^ƵƉƉůǇ ϴϮϳϭϲ ϯϲϬϭϬϵ dŽŽΖŐŚĂ/ŶĐ͘dĂŶĂŶĂ͖Wt^t>ϬϬϭ;tĞůůϯͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϰϯ &ϬϬϰEϬϮϮtϭϳ^^tE^t ϲϱ͘ϭϳϬϰ ͲϭϱϮ͘Ϭϳϵϰϴ WƵďůŝĐ^ƵƉƉůǇ ϴϮϳϵϲ Ϯϭϳϱϳϲ ZŝĐŬĞƌƐŽŶ͕ĞĂŶ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ tĞůů>>s/^dηϭ>dϴϲϰϱϳϴƚŚǀĞ͘ŶĐŚŽƌĂŐĞ͕<&ŽƌƐƚĂƟĐĂŶĚǁĞůůĚĞƉƚ ϭϳϬ ^ϬϭϮEϬϬϯtϬϳEtEtEE ϲϭ͘ϭϱϭϬϭϲϮ Ͳϭϰϵ͘ϴϳϬϮϴϱ WƵďůŝĐ^ƵƉƉůǇ ϴϮϳϵϵ ϮϭϮϳϲϮ KƵƌZĞĚĞĞŵĞƌ>ƵƚŚĞƌĂŶŚƵƌĐŚ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ dϭϱEZϭt^ϭϳ>dϳϭϴϰϰϰKůĚ'ůĞŶŶ,ǁǇ͘ŚƵŐŝĂŬ͕<ϱϴ ^ϬϭϱEϬϬϭtϭϳE^Et^ ϲϭ͘ϯϴϴϬϲϵϮ Ͳϭϰϵ͘ϰϴϳϲϱϲ WƵďůŝĐ^ƵƉƉůǇ ϴϮϴϭϳ ϮϰϵϬϴϴ DĂŐƉǇĞƐWŝǌǌĂƌŝĂ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ^hDWdZ^h>Kdϯ><ϭϯϰϯϭϭ^dZ>/E',tz͘^ƚĞƌůŝŶŐ͕<ϵϳ ^ϬϬϱEϬϬϵtϭϮ^EEt^ ϲϬ͘ϱϯϳϬϴϲϱ ͲϭϱϬ͘ϳϳϯϲϵϳ WƵďůŝĐ^ƵƉƉůǇ ϴϯϬϴϬ ϮϵϵϬϯϮ <ĞǇŵĞƌŝĐĂŶsŝůůĂŐĞ>ůĐ KDE/WZ<^^dKZt>ϬϬϭ͘s'ZKZ^/Eϳϴ ϬϬϰEϬϬϮtϮϯ^tE^^ ϲϮ͘ϭϬϴϭϱϯ Ͳϭϰϱ͘ϱϮϵϯϱϵ WƵďůŝĐ^ƵƉƉůǇ dŽďĞŐƌŽƵƚĞĚďǇĐƵƐƚŽŵĞƌŽƌĞǆĐĂǀĂƚŽƌ͘ ϴϯϬϵϱ ϮϭϴϴϮϰ tEzΖ^ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ dϭϮEZϯt^ϭϵWĂƌĐĞůϰϭϭϯϭϬKůĚ^ĞǁĂƌĚ,ǁǇ͘E,KZ'͕<͖Wt^/ϮϭϴϴϮ ϭϰϬ ^ϬϭϮEϬϬϯtϭϵ^E^E ϲϭ͘ϭϭϴϮϯϵϮϯ Ͳϭϰϵ͘ϴϲϰϲϯϬϰ WƵďůŝĐ^ƵƉƉůǇ ϴϯϭϱϵ ϯϳϮϭϵϴ tŚŝƚĞ^ƚŽŶĞ͕tŚŝƚĞƐƚŽŶĞ&ĂƌŵƐ tĞƐƚ^ŝĚĞ>ŽŽƉϵϯϮǁŚŝƚĞƐƚŽŶĞWt^t>ϬϬϮ͖>ŽĐĂƟŽŶǀĞƌŝĮĞĚďǇ͘ϱϲ &ϬϬϵ^ϬϬϵϭϮ^t^tEtE ϲϰ͘ϭϱϯϯϰϱϰ Ͳϭϰϱ͘ϴϵϯϮϮϮ WƵďůŝĐ^ƵƉƉůǇ ϴϯϭϲϯ ϮϮϬϱϬϮ KƌŝŽŶŽŶƐƚƌƵĐƚŝŽŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ &ZKEd/ZW>^h/s/^/KE>Kdϰ><ϭ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶ>^ϯϰϯϴϵ ϭϬϮ ^ϬϭϴEϬϬϭϯϭEEEE ϲϭ͘ϲϭϯϲϵϴ Ͳϭϰϵ͘ϯϯϬϲϰϲ WƵďůŝĐ^ƵƉƉůǇ ϴϯϮϭϯ ϮϮϬϱϭϮ ,ƵŐŚĞƐ͕ZŚŽŶĚĂ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ >/Zdzd>KdϮ͘ϯϰϬϬŽƚƚůĞ>ŽŽƉ͘t^/>>͕<͖Wt^t>ϬϬϭ͖>>^ϯϰϬϲϭ ϭϰϯ ^ϬϭϳEϬϬϭtϬϭ^t^^^ ϲϭ͘ϱϴϱϰϯϰ Ͳϭϰϵ͘ϯϲϮϴϲϵ WƵďůŝĐ^ƵƉƉůǇ ϴϯϮϮϱ ϯϬϬϮϬϲ ůůĂŬĂŬĞƚ^ĐŚŽŽů z<^ͲůůĂŬĂŬĞƚ^ĐŚŽŽů͘Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϰϬ &ϬϮϬEϬϮϰtϭϰ^EtEEt ϲϲ͘ϱϲϱϯϱ ͲϭϱϮ͘ϲϰϯϳϰ WƵďůŝĐ^ƵƉƉůǇ sĞƌǇŐŽŽĚǁĞůů ϴϯϯϭϰ Ϯϰϰϵϲϯ ŝŐ:ŽŚŶƐdĞƐŽƌŽ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ D^D/d,^h/^,DE>Kdϭ͘ϰϳ^ƉƵƌsŝĞǁƌ͘^ŽůĚŽƚŶĂ͕<>^ϯϰϭϲϵ ϭϭϴ ^ϬϬϱEϬϭϬtϮϲ^tEtEtE ϲϬ͘ϱϬϬϵϱϭϳϭ ͲϭϱϬ͘ϵϴϰϭϯϵϭ WƵďůŝĐ^ƵƉƉůǇ ϴϯϯϵϲ ϯϴϬϴϴϮ dŚƌĞĞĞĂƌƐůĂƐŬĂ͕/ŶĐ &ZWůĂƚηϴϲͲϴϬ>ŽƚƐϮĂŶĚϯ͘dŚƌĞĞĞĂƌƐdŽŬDŽƚĞů͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϬϭϴEϬϭϯϭϵ^EEtE ϲϯ͘ϯϯϮϲϬϮ ͲϭϰϮ͘ϵϴϲϱϲϳ WƵďůŝĐ^ƵƉƉůǇ dŚŝƐǁĞůůĐŽƵůĚŶŽƚŵĞĞƚƚŚĞĚĞŵĂŶĚŽĨƚŚĞĨĂĐŝůŝƚǇ͘ŶĞǁǁĞůů ǁĂƐĚƌŝůůĞĚĂƚĂŶĞǁůŽĐĂƚŝŽŶ͘ ϴϯϯϵϳ ϯϴϬϴϴϮ dŚƌĞĞĞĂƌƐůĂƐŬĂ͕/ŶĐ͘dŽŬdŚƌĞĞĞĂƌƐDŽƚĞů͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ >^ϯϯϳϯϮ ϭϮϬ ϬϭϴEϬϭϯϭϵ^EEtE ϲϯ͘ϯϯϮϱϲϭ ͲϭϰϮ͘ϵϴϳϰϯϲ WƵďůŝĐ^ƵƉƉůǇ ϴϯϰϬϱ ϮϮϱϮϴϭ ĞƉĂƌƚŵĞŶƚKĨŽƌƌĞĐƚŝŽŶƐWƚ͘DĂĐ<ĞŶǌŝĞ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ WdD<E/KZZd/KE>&ZD ϱϴ ^ϬϭϱEϬϬϱtϬϭEEtE^ ϲϭ͘ϰϭϴϰϴϵ ͲϭϱϬ͘Ϭϴϭϰϱϱ WƵďůŝĐ^ƵƉƉůǇ ϴϯϰϲϳ ϮϮϱϱϰϳ EĞǁŵĂŶ͕'ĞŶĞ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ EtDEΖ^,/>>dKW^Zs/͘>t>>tzE,D^ddZ͘ϯϬϲϭϴtWĂƌŬƐ,ϭϰϭ ^ϬϭϵEϬϬϰtϭϳEt^t^t^ ϲϭ͘ϳϯϭϭϯϵ ͲϭϱϬ͘ϬϰϬϮϳϲ WƵďůŝĐ^ƵƉƉůǇ ϴϯϰϲϴ ϮϲϮϮϴϮ ŽƉƉĞƌZŝǀĞƌ^ĞĂĨŽŽĚƐ ƌŝƐƚŽůĂǇŽƌŽƵŐŚ KWWZZ/sZ^&KK^͘Wt^t>ϬϬϭ;t>>ϭͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚ>^ϭϮϰϮϰ ^Ϭϭϳ^ϬϰϳtϬϯ^^^^t ϱϴ͘ϳϮϰϵϳϳ Ͳϭϱϳ͘ϬϮϰϴϭϴ WƵďůŝĐ^ƵƉƉůǇ ϴϯϰϳϬ ϮϮϰϳϲϵ ĂŵƉ>ĂĂ^Ă DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DW>^͘tĞůůηϭůƵďŚŽƵƐĞ͘ϵϱ ^ϬϭϵEϬϬϰtϮϭ^^^t^t ϲϭ͘ϳϭϱϯϱϲ ͲϭϱϬ͘ϬϭϴϮϵϵ WƵďůŝĐ^ƵƉƉůǇ ϴϯϰϳϱ ϯϵϬϱϯϲ sŝƚƵƐŶĞƌŐǇ>> ĞŶĂůŝŽƌŽƵŐŚ sŝƚƵƐŶĞƌŐǇ,ĞĂůǇdĞƌŵŝŶĂůͬDŝůĞϮϰϴ͘ϱWĂƌŬƐ,ǁǇ͖Wt^t>ϬϬϮ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚď ϮϬϬ &ϬϭϮ^ϬϬϴtϮϰE^EE ϲϯ͘ϴϲϱϬϰϵϭ Ͳϭϰϵ͘Ϭϭϳϰϭϭϳ WƵďůŝĐ^ƵƉƉůǇ ϴϯϰϳϴ ϮϭϰϬϰϵ E,KZ''Z,hZ, DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ 'Zηϭ>dϭͲϭ͘ϭϮϰϬϳW/Ed/>^dZd͘E,KZ'͕<͘'ͲϮĂƐƚtĞůů͘ ^ϬϭϮEϬϬϯtϮϴEtEtEtE ϲϭ͘ϭϬϴϰϮϳ Ͳϭϰϵ͘ϴϭϴϭϵϱ WƵďůŝĐ^ƵƉƉůǇ ϴϯϰϵϲ ϮϳϬϮϮϯ ŽŵŵƵŶŝƚǇKĨdƵůƵŬƐĂŬ͕ůĂƐŬĂ ηϭǁĞůů͘t>ϬϬϮ͘EŽƌƚŚǁĞůů͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϲϭ ^ϬϭϮEϬϲϲtϮϳ^tE^t^ ϲϭ͘Ϭϵϲϭϵϰ ͲϭϲϬ͘ϵϲϰϱϱϴ WƵďůŝĐ^ƵƉƉůǇ ϴϯϰϵϳ ϮϳϬϮϮϯ ŽŵŵƵŶŝƚǇKĨdƵůƵŬƐĂŬ͕ůĂƐŬĂ ηϮǁĞůů͘t>ϬϬϯ͘^ŽƵƚŚǁĞůů͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϵϭ ^ϬϭϮEϬϲϲtϮϳ^Et^t^ ϲϭ͘Ϭϵϱϵϴϱ ͲϭϲϬ͘ϵϲϰϵϰϵ WƵďůŝĐ^ƵƉƉůǇ ϴϯϰϵϴ ϮϰϵϳϬϭ ĂƌƌŽůů͕DĂƌƚŝƐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ZZK>DZd/E^h/DKEDZ^KZdϮϬϭϴE>Kdϯϴ͘ϰϴϱϬϬ/DKED ϭϭϴ ^ϬϬϱEϬϭϭtϭϱ^^^^t ϲϬ͘ϱϭϳϰϮϴ Ͳϭϱϭ͘ϭϵϭϬϬϮ WƵďůŝĐ^ƵƉƉůǇ ϴϯϱϬϬ ϮϰϵϳϬϭ DĂƌƚŝŶ͕ůĂŝƌ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ZZK>DZd/E^h/DKEDZ^KZdϮϬϭϴE>Kdϱ͘ϰϭϭϮϱ<>/&KZE^<ϭϮϯ ^ϬϬϱEϬϭϭtϮϮ^tEtEtE ϲϬ͘ϱϭϱϱϭϰ Ͳϭϱϭ͘ϭϴϵϯϳϭ WƵďůŝĐ^ƵƉƉůǇ ϴϯϱϬϮ ϮϲϯϬϳϬ >ĞĂĚĞƌƌĞĞŬ&ŝƐŚĞƌŝĞƐ ƌŝƐƚŽůĂǇŽƌŽƵŐŚ >ĞĂĚĞƌƌĞĞŬƵŶŬŚŽƵƐĞηϭ ϮϭϬ ^Ϭϭϲ^ϬϰϲtϯϯEtEtE^ ϱϴ͘ϳϰϱϳϳϱ Ͳϭϱϲ͘ϵϱϯϬϯϲ WƵďůŝĐ^ƵƉƉůǇ ϴϯϱϬϵ ϮϲϯϬϲϲ <<KZĞƚƌĞĂƚĞŶƚĞƌ <<KZdZdEdZ͘Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϲϬ ^ϬϮϭEϬϲϲtϭϵ^tEtEE ϲϭ͘ϵϬϭϯϭϲ Ͳϭϲϭ͘ϰϰϯϱϬϰ WƵďůŝĐ^ƵƉƉůǇ ϴϯϱϮϰ ϮϮϬϵϴϱ ŝŐ>ĂŬĞůĞŵĞŶƚĂƌǇ^ĐŚŽŽů DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dKtE^,/WϭϳEZE'ϯt^d/KEϮϴ>Kdϭϭ͘ϯϴϬϴ^ŝŐ>ĂŬĞZĚ͘/'><͕<ϱϳ ^ϬϭϳEϬϬϯtϮϴ^^tEE ϲϭ͘ϱϯϴϵϴϰ Ͳϭϰϵ͘ϴϭϴϱϰϭ WƵďůŝĐ^ƵƉƉůǇ ϴϯϱϮϱ ϯϵϮϭϰϬ dŽƵƌƐ͕ůĂƐŬĂWƌĞŵŝĞƌ ĞŶĂůŝŽƌŽƵŐŚ tĞƐƚƐŚŽƌĞKƚƚŽ>ĂŬĞ Ϯϰϰ &ϬϭϮ^ϬϬϴtϮϱEEE^t ϲϯ͘ϴϰϱϭϬϲ Ͳϭϰϵ͘Ϭϯϯϱϵ WƵďůŝĐ^ƵƉƉůǇ EŽďĞĚƌŽĐŬĞŶĐŽƵŶƚĞƌĞĚ ϴϯϱϯϰ ϮϮϯϯϭϱ ŶĚ: DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dKtE^,/WϭϳEZE'ϭt^d/KEϮϵ>Kdϱ͘ϮϬϬϭt&ĂŝƌǀŝĞǁ>ŽŽƉ͘t^/>>͕ϮϬϭ ^ϬϭϳEϬϬϭtϮϵE^tE^t ϲϭ͘ϱϯϮϲϲϮ Ͳϭϰϵ͘ϱϬϬϯϴϱ WƵďůŝĐ^ƵƉƉůǇ ϴϯϱϯϱ ϮϮϯϯϭϱ ŶĚ: DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dKtE^,/WϭϳEZE'ϭt^d/KEϮϵ>Kdϱ͘ϮϬϬϭt&ĂŝƌǀŝĞǁ>>^ϳϴϬ ϮϬϭ ^ϬϭϳEϬϬϭtϮϵE^tE^t ϲϭ͘ϱϯϮϱϲϰ Ͳϭϰϵ͘ϱϬϬϰϳϱ WƵďůŝĐ^ƵƉƉůǇ ϴϯϱϯϳ ϮϮϲϱϯϯ </ZKE&>>Kt^,/W^,KK> DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dKtE^,/WϭϴEZE'Ϯ^d/KEϭϳ>Kdϱ ϭϭϮ ^ϬϭϴEϬϬϮϭϳ^t^Et^t ϲϭ͘ϲϰϲϴϮ Ͳϭϰϵ͘ϭϰϯϯϲϮ WƵďůŝĐ^ƵƉƉůǇ ϴϯϱϰϱ ϮϭϮϮϲϳ hŶŬŶŽǁŶ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ '/ZtKKWK^dK&&/>dϯ͘ϭϭϴ>/E>s͘'/ZtKK͕<ϭϬϭ ^ϬϭϬEϬϬϮϬϴ^t^^t^ ϲϬ͘ϵϲϰϱϮϴ Ͳϭϰϵ͘ϭϯϯϵϲϲ WƵďůŝĐ^ƵƉƉůǇ ϴϯϱϱϵ ϯϵϬϬϲϱ h͘^͘WƵďůŝĐ,ĞĂůƚŚ^ĞƌǀŝĐĞ͕ŝǀŝƐŝŽŶKĨ/ŶĚŝĂŶ,ĞĂůƚŚ EĞŶĂŶĂ͘Wt^t>ϬϬϮ;ďĂŶĚŽŶĞĚǁĞůůͿ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϰϳ͘ϱ &ϬϬϰ^ϬϬϴtϭϰE^^t^ ϲϰ͘ϱϲϭϴϵϳ Ͳϭϰϵ͘ϬϵϮϯϰϰ WƵďůŝĐ^ƵƉƉůǇ ϴϯϱϳϰ ϮϭϴϱϴϮ <ŝĞǁŝƚŽŶƐƚƌƵĐƚŝŽŶ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ tĞůůηϮ͘tŚŝƚƚŝĞƌĐĐĞƐƐdƵŶŶĞů͘ϲϬ ^ϬϬϴEϬϬϰϭϴEtEEtE ϲϬ͘ϳϵϬϬϬϱϰ Ͳϭϰϴ͘ϴϭϱϲϰϰϴ WƵďůŝĐ^ƵƉƉůǇ ϴϯϱϴϳ ϮϮϱϳϰϴ ƌĐƚŝĐŝƌĐůĞůƵď DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dKtE^,/WϭϳEZE'ϭt^d/KEϭϮ>dϮϬ͘ϮϳϱϬWĂůŵĞƌtĂƐŝůůĂ,ǁǇ͘t^/>>ϭϬϬ ^ϬϭϳEϬϬϭtϭϮ^EEtEt ϲϭ͘ϱϴϯϴϯ Ͳϭϰϵ͘ϯϴϮϯϱ WƵďůŝĐ^ƵƉƉůǇ ϴϯϱϴϴ Ϯϵϴϵϳϱ ĐƌĞƐĂƌ ĐƌĞƐĐŽŵƉůĞǆ͘&ŽƌŵĞƌůǇWt^/Ϯϵϴϵϳϱt>ϬϬϭ͘>ŽĐĂƚŝŽŶŶŽƚǀĞƌŝĨŝĞĚďǇ͘ϰϬ ϬϬϴ^ϬϬϲtϯϰE^^^ ϲϭ͘ϭϮϱϮϬϵ Ͳϭϰϲ͘Ϯϲϴϳϰϱ WƵďůŝĐ^ƵƉƉůǇ ϴϯϱϴϵ ϮϮϱϱϴϱ WĞƚƚŝƐ͕ŚĂƌůĞǇ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ZhzΖ^^d>Kdϭ͘ϭϰϭϰ^ƚŚĞůƐŝƌ͘/'><͕<͘&ŽƌŵĞƌůǇWŽůŬĂŽƚĐƌĞƐĚĚηϮ ϵϴ ^ϬϭϳEϬϬϮtϭϴ^^tEtE ϲϭ͘ϱϲϳϵϯ Ͳϭϰϵ͘ϳϬϰϮ WƵďůŝĐ^ƵƉƉůǇ ϴϯϱϵϬ ϮϵϵϬϬϭ tŽůǀĞƌŝŶĞ^ƵƉƉůǇ/ŶĐ ZZ,ŚŝƚŝŶĂ,ƵĚ,ŽƵƐŝŶŐ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϲϬ ϬϬϰ^ϬϬϱϮϯ^tEt^tE ϲϭ͘ϱϬϴϵϴ Ͳϭϰϰ͘ϰϱϭϮϮ WƵďůŝĐ^ƵƉƉůǇ ϴϯϲϬϭ Ϯϭϴϱϱϴ :ĂĐŽďƐŽŶ͕:ŽŚŶ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ Z/>>d>dϳ͘,h'/<^D/EZzh/>/E'͘ϱϲ ^ϬϭϱEϬϬϮtϮϱEEEE ϲϭ͘ϯϲϴϭϰ Ͳϭϰϵ͘ϱϯϵϰϮ WƵďůŝĐ^ƵƉƉůǇ ϴϯϲϬϮ ϮϮϯϴϭϬ ŶŐĞůƐŚŝůĚĂƌĞ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ^WZ/E'^d>dϭ͘ϭϭϳϱ^ƉƌƵĐĞǀĞ͘t^/>>͕<͖EŽŶͲWƵďůŝĐt>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌ ϭϰϭ ^ϬϭϳEϬϬϭtϬϯEEEE ϲϭ͘ϱϵϵϱ Ͳϭϰϵ͘ϰϮϬϮ WƵďůŝĐ^ƵƉƉůǇ ϴϯϲϬϯ ϮϮϱϵϵϱ 'ƌĞĞŶƐƚƌĞĞƚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dKtE^,/WϭϴEZE'ϭ^d/KEϯϭ>dϴ͘ϯϳϬϬŽŐĂƌĚZĚ͘t^/>>͕<ϴϮ ^ϬϭϴEϬϬϭϯϭEt^^t^t ϲϭ͘ϲϬϭϭϴ Ͳϭϰϵ͘ϯϱϰϴϲ WƵďůŝĐ^ƵƉƉůǇ ϴϯϲϬϰ ϮϮϱϵϴϴ :ǆĐĂǀĂƚŝŽŶŶĚĞǀĞůŽƉŵĞŶƚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DKhEd/E^,Z^ͬϭ>ͬϭ><ϭ>dϭ͘DŽƵŶƚĂŝŶƐŚƵƐŝŶĞƐƐWĂƌŬ ϭϯϬ ^ϬϭϳEϬϬϭϬϰ^tEEt^t ϲϭ͘ϱϵϭϯϲϰ Ͳϭϰϵ͘Ϯϵϰϰϭϵ WƵďůŝĐ^ƵƉƉůǇ ϴϯϲϬϴ ϯϳϯϬϱϱ ŽďĞŶͲ,Ăůů͕ŽŶŶĂ ƵƌŽƌĂǀĞͲĞůƚĂ:ƵŶĐƚŝŽŶ ϭϮϬ &ϬϭϬ^ϬϭϬϮϯ^tEtEtE ϲϰ͘Ϭϯϵϲϴϱ Ͳϭϰϱ͘ϳϯϭϬϰϲ WƵďůŝĐ^ƵƉƉůǇ ϴϯϲϬϵ ϯϵϭϴϵϭ ^ŵŝƚŚ͕ŝůů ĞŶĂůŝŽƌŽƵŐŚ ZŽƐĞĂŶĚĂǀĞΖƐĂĨĞ/ŶĐ͖͘Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϯϳ &ϬϭϮ^ϬϬϴtϭϯEt^EtE ϲϯ͘ϴϳϵϲϭ Ͳϭϰϵ͘ϬϮϲϴϰ WƵďůŝĐ^ƵƉƉůǇ ,ĞĂƚƚĂƉĞĂůƐŽŝŶƐƚĂůůĞĚ͘^ĞĞǁĞůůůŽŐ͘ ϴϯϲϭϬ ϯϭϰϮϳϭ ƵƌĞĂƵKĨ>ĂŶĚDĂŶĂŐĞŵĞŶƚ >DͲDd͘WZ/E>'ͬ͘t>>ηϭ͘&ŽƌŵĞƌůǇWt^/ϯϭϰϮϳϭ͖EŽŶͲWƵďůŝĐt>ϬϬϭ͖>Ž ϱϬ &ϬϬϲEϬϬϲϬϲ^^t^t^ ϲϱ͘ϯϲϵϯϭϮ Ͳϭϰϲ͘ϱϵϭϰϯϱ WƵďůŝĐ^ƵƉƉůǇ ϴϯϲϭϭ ϯϭϰϮϲϯ ƵƌĞĂƵKĨ>ĂŶĚDĂŶĂŐĞŵĞŶƚ >DͲKW,/ZZ<'ͬ͘͘t>>ηϮ͘&ŽƌŵĞƌůǇWt^/ϯϭϰϮϲϯ͖EŽŶͲWƵďůŝĐt>ϬϬϭ;tϯϯ &ϬϬϲEϬϬϯϭϭ^t^EEt ϲϱ͘ϯϲϱϴϲϲ Ͳϭϰϳ͘Ϭϳϵϲϭϭ WƵďůŝĐ^ƵƉƉůǇ ϴϯϲϭϮ ϯϭϰϮϱϱ ƵƌĞĂƵKĨ>ĂŶĚDĂŶĂŐĞŵĞŶƚ ĨŽƌŵĞƌůǇWt^/ϯϭϰϮϱϱ>DͲKW,/ZZ<'ͬt͘t>>ηϭ͖EŽŶͲWƵďůŝĐt>ϬϬϭ͖>ŽĐ ϱϬ &ϬϬϲEϬϬϯϭϭEEEtEt ϲϱ͘ϯϲϴϲϭϭ Ͳϭϰϳ͘ϬϴϲϬϬϴ WƵďůŝĐ^ƵƉƉůǇ ϴϯϲϭϯ Ϯϰϰϱϱϳ WŶĚŶƚĞƌƉƌŝƐĞƐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ^,KZd^dKWDZ<dΘ>/YhKZ^͘ϯϯϰϴϳz^,KZZ͘^tZ͕<͖EŽŶͲWƵďůŝĐt ϱϬ ^ϬϬϭEϬϬϭtϯϲE^Et^t ϲϬ͘ϭϯϭϱϭϳ Ͳϭϰϵ͘ϯϴϮϮϯ WƵďůŝĐ^ƵƉƉůǇ ϴϯϲϭϰ ϮϮϬϬϮϱ ,ŽǁĚŝĞ/ŶǀĞƐƚŵĞŶƚƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ <E/<dZ/ͲEΖ/E>E>ZE/E'͕t>ϬϬϭ;>ŽĐĂůEĂŵĞ͗DdEh^<d>ϮϮϵ ^ϬϭϳEϬϬϭϬϲ^t^^t^ ϲϭ͘ϱϴϱϰϰϭ Ͳϭϰϵ͘ϯϯϵϮϲϲ WƵďůŝĐ^ƵƉƉůǇ ϴϯϲϭϱ ϮϮϮϯϬϭ tŽůǀĞƌŝŶĞůƵŵŝŶƵŵ/ŶĐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DKtZ<>dϳ͖EŽŶͲWƵďůŝĐt>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϳϬ ^ϬϭϳEϬϬϮtϭϴEt^tEE ϲϭ͘ϱϲϴϳϮϳ Ͳϭϰϵ͘ϲϵϵϳϭϭ WƵďůŝĐ^ƵƉƉůǇ ϴϯϲϭϲ ϮϮϲϬϭϳ WĞƚƌŽŶ͕DĞƌůĞ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ >/dd>&Z/E^,/>Z͕t>ϬϬϭ͘,z^>KZ^ͬϭ>ͬϭϭͲϭϳ>K<ϭ>Kdϭϭ͘ϰϬ ^ϬϭϳEϬϬϮϬϮE^EEt ϲϭ͘ϱϵϳϬϰϮ Ͳϭϰϵ͘ϬϰϮϮϲ WƵďůŝĐ^ƵƉƉůǇ ϴϯϲϱϭ Ϯϭϴϳϱϱ >ǇŶĚĞ͕^ŚĂŶ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ WZ/DZ>dϰ͘^WZ^^KyWZ^^/KE^͕t>ϬϬϭ ϭϲϰ ^ϬϭϯEϬϬϯtϯϬEt^E^t ϲϭ͘ϭϴϱϳϯϲ Ͳϭϰϵ͘ϴϴϱϱϲϮ WƵďůŝĐ^ƵƉƉůǇ ϴϯϲϳϳ ϮϭϬϱϲϲ DĐEĞĂů͕WĂƵů DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ĞĐŽŵŵŝƐƐŝŽŶůŽŐŽŶůǇ͘EŽǁĞůůůŽŐ͘^,EddZ͘ϮϰϭϭDĐZĂĞZĚ͘E,KZϮϱϬ ^ϬϭϯEϬϬϰtϮϲ^EE^ ϲϭ͘ϭϴϲϴϯ Ͳϭϰϵ͘ϵϮϵϮϴ WƵďůŝĐ^ƵƉƉůǇ >ŽŐ/Ě Wt^/ KǁŶĞƌ ZĞŐŝŽŶ WĂƌĐĞůĞƐĐƌŝƉƚŝŽŶ >^ tĞůů ĞƉƚŚ DdZ^ >ĂƚŝƚƵĚĞ >ŽŶŐŝƚƵĚĞ tĞůůhƐĞ ƌŝůůĞƌƐŽŵŵĞŶƚƐ ^ƚĂƚĞǁŝĚĞWƵďůŝĐtĞůůƐͲt>d^ ϴϯϲϳϴ ϮϮϮϰϯϮ >W/EKE^dZhd/KE DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ><^/dZWh><ϭ>dϬϭ͘ϭϬϬϬŽŐĂƌĚZĚ͘t^/>>͕<>^ϯϰϮϲϴ ϭϱϰ ^ϬϭϳEϬϬϭtϬϯ^E^^ ϲϭ͘ϱϴϳϭϴϲ Ͳϭϰϵ͘ϰϮϭϱϴϬϭ WƵďůŝĐ^ƵƉƉůǇ ϴϯϲϵϲ ϮϮϱϴϮϭ sĂůůĞǇtŽƌƐŚŝƉĞŶƚĞƌ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dKtE^,/WϭϳEZE'ϭt^d/KEϭϮ>Kdϭϰ͘ϯϯϬϭWĂƌŬƐ,ǁǇ͘t^/>>͕<͘ϭϴϬ ^ϬϭϳEϬϬϭtϭϮEt^t^^ ϲϭ͘ϱϳϭϳϬϲ Ͳϭϰϵ͘ϯϲϱϴϮϲ WƵďůŝĐ^ƵƉƉůǇ ϴϯϳϮϯ ϮϲϬϭϲϯ WŝůŽƚ^ƚĂƚŝŽŶWƌŽũĞĐƚͲ'ŽůĚĞƌƐƐŽĐŝĂƚĞƐ tĞůů͘W/>Kd^dd/KEtdZ^z^dD͘ϵϵ ^ϬϮϭEϬϳϰtϬϱE^^tE ϲϭ͘ϵϯϵϴϳϮ ͲϭϲϮ͘ϴϴϮϮϬϮ WƵďůŝĐ^ƵƉƉůǇ ϴϯϳϮϰ ϮϲϬϭϲϯ ŝƚǇKĨWŝůŽƚ^ƚĂƚŝŽŶ tĞůů͘W/>Kd^dd/KEtdZ^z^dD͘ϭϱϮ ^ϬϮϭEϬϳϰtϬϱEtE^tE ϲϭ͘ϵϰϮϭϵ ͲϭϲϮ͘ϴϴϯϯϵ WƵďůŝĐ^ƵƉƉůǇ ϴϯϳϮϱ ϮϲϬϭϲϯ ŝƚǇKĨWŝůŽƚ^ƚĂƚŝŽŶ tĞůů͘W/>Kd^dd/KEtdZ^z^dD͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϴϬ ^ϬϮϭEϬϳϰtϬϱ^E^tE ϲϭ͘ϵϰϬϲϬϬϵ ͲϭϲϮ͘ϴϴϮϭϵϳϰ WƵďůŝĐ^ƵƉƉůǇ ϴϯϳϯϰ ϮϰϵϮϱϴ dŚƌĞĞĞĂƌƐůĂƐŬĂ/ŶĐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ D&Z>E^hϮϬϮϭZW>d>dϮϰ͘ϯϯϬϯϱ^dZ>/E',tz͘^d >^ϯϰϮϲϮ ϯϭϮ ^ϬϬϱEϬϬϴtϬϳE^^^ ϲϬ͘ϱϯϮϯϰϯ ͲϭϱϬ͘ϳϯϳϰϴϭ WƵďůŝĐ^ƵƉƉůǇ ϴϯϳϳϮ ϮϮϰϲϬϰ DĂƚĂŶƵƐŬĂ^ĐŚŽŽůŝƐƚƌŝĐƚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ dKtE^,/WϭϳEZE'ϯt^d/KEϮ>dϰ͘ϭϮϴϬϭt,ĂǁŬ>Ŷ͘t^/>>͕<͖Wt^t>ϬϬϮ͖>^ϬϭϳEϬϬϯtϬϮEt^t^^t ϲϭ͘ϱϴϲϯϱ Ͳϭϰϵ͘ϳϳϯϳϰϭ WƵďůŝĐ^ƵƉƉůǇ ƐĐŚŽŽůǁĂƚĞƌǁĞůů ϴϯϳϴϳ ϮϲϭϲϯϬ DĐDŝůůŽŶ͕ZŽŶ ƌŝƐƚŽůĂǇ>ŽĚŐĞWt^/ϮϲϭϲϯϬ>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϳϳ ^ϬϬϴ^ϬϱϳtϯϱEt^t^t^t ϱϵ͘ϰϯϰϭϬϲ Ͳϭϱϴ͘ϵϰϮϵϱϮ WƵďůŝĐ^ƵƉƉůǇ ϴϯϴϬϬ ϮϵϴϵϯϮ dƐĂŝŶĂ>ŽĚŐĞ Wt^/ϮϵϴϵϯϮd^/E>K'͕t>ϬϬϭ;ϭϵϵϰEĞǁtĞůůͿ͘>ŽĐĂƚŝŽŶǀ>^ϮϴϰϮϴ ϯϮϱ ϬϬϴ^ϬϬϮtϬϯEt^^^ ϲϭ͘ϭϵϳϲϱϰ Ͳϭϰϱ͘ϱϱϯϰϳϮ WƵďůŝĐ^ƵƉƉůǇ ϴϯϴϬϭ ϯϬϬϭϵϭ h^WƵďůŝĐ,ĞĂůƚŚ^ĞƌǀŝĐĞŝǀŝƐŝŽŶKĨ/ŶĚŝĂŶ,ĞĂůƚŚ Wt^/ϯϬϬϭϵϭ,h^>/Wh>/tdZ^z^dD͕t>ϬϬϭ;ϭϵϳϯŽůĚǁ>ϲϳϭϯϯ ϮϯϬ <ϬϬϰEϬϭϮϯϯ^^tE^t ϲϱ͘ϳϬϭϮϭ Ͳϭϱϲ͘ϯϵϯϭϲ WƵďůŝĐ^ƵƉƉůǇ ϴϯϴϯϮ ϭϭϬϰϰϵ dŚƵŶĚĞƌDŽƵŶƚĂŝŶD,>> ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ d,hEZDKhEd/E>dϭϭ&Z͘ϴϰϳϳd,hEZDKhEd/EZ͘:hEh͕<͘ĞĐŽŵŵŝƐƐŝŽŶ ϬϰϬ^Ϭϲϲϭϳ^t^t^^t ϱϴ͘ϯϵϰϯϮ Ͳϭϯϰ͘ϱϱϴ WƵďůŝĐ^ƵƉƉůǇ ϴϯϴϯϯ ϭϭϬϰϰϵ dŚƵŶĚĞƌDŽƵŶƚĂŝŶD,>> ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ h^^ϯϳϱϮd,hEZDKhEd/EWZ<͘ϴϰϳϳd,hEZDKhEd/EZ͘:hEh͕<͘t>ϬϬϱ͘ ϬϰϬ^ϬϲϲϮϬE^tEEt ϱϴ͘ϯϵϭϴϲϳ Ͳϭϯϰ͘ϱϱϲϱϮ WƵďůŝĐ^ƵƉƉůǇ ϴϯϵϯϬ ϮϮϲϬϯϱ ^ŽƌĞŶƐĞŶ͕<ĞǀŝŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Z/sZEEEKϭdZͲϭ͘Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ>^ϮϲϲϯϬ ϭϬϬ ^ϬϭϳEϬϬϮϭϲ^Et^tE ϲϭ͘ϱϲϱϳϰϱ Ͳϭϰϵ͘ϭϬϬϲϬϵ WƵďůŝĐ^ƵƉƉůǇ ϴϯϵϰϵ ϮϮϬϰϴϯ ůĂƐŬĂ'ĂƌĚĞŶ'ĂƚĞĞĚŶĚƌĞĂŬĨĂƐƚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ,KZdh^ϮϬϮϬ>dͲϭ͘ϵϱϬ^EK'Z^^Z͘W>DZ͕<͖Wt^t>Ϭ>^ϯϬϬϭϮ ϭϳϱ ^ϬϭϳEϬϬϭϭϬEE^t^t ϲϭ͘ϱϳϯϵϲϯϴϯ Ͳϭϰϵ͘ϮϲϮϮϯϭϴ WƵďůŝĐ^ƵƉƉůǇ ϴϯϵϱϵ ϮϮϰϯϰϱ ^ĞďƌŝŶŐŽŶƐƚƌƵĐƚŝŽŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Z/EZ^ͬϭ>ͬϭ>dϴ͘ϭϬϯϬϬŽĚǇƌ͘W>DZ͕< >^ϯϰϰϵϮ ϮϲϮ ^ϬϭϴEϬϬϭϯϲE^t^t^ ϲϭ͘ϲϬϬϱϲϮ Ͳϭϰϵ͘ϭϵϬϮϯϴ WƵďůŝĐ^ƵƉƉůǇ ϴϯϵϲϬ ϮϵϱϬϬϬ ŽƉƉĞƌZŝǀĞƌ^ƵďǁĂǇ͕/ŶĐ͘ ŽƉƉĞƌƌŝǀĞƌƐƵďǁĂǇ͖Wt^t>ϬϬϭ͖>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϴϯ ϬϬϰEϬϬϮtϮϯ^^^^ ϲϮ͘ϭϬϳ Ͳϭϰϱ͘ϱϮϳϲϰϳ WƵďůŝĐ^ƵƉƉůǇ ϴϰϬϭϰ ϮϮϬϬϵϯ 'ŝƚůĞŝŶ͕<ĞŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ϭϵϴϬ^ŚƵƌĐŚ^ƚ͘t^/>>͕<͘WZ/^,WZ>><ϭ>dϱ ϭϬϭ ^ϬϭϳEϬϬϭϭϲE^Et^t ϲϭ͘ϱϲϭ Ͳϭϰϵ͘ϮϵϮϯϯ WƵďůŝĐ^ƵƉƉůǇ ϴϰϬϰϰ ϮϳϭϬϭϳ ůĂƐŬĂŝǀĞƌƐŝĨŝĞĚͲ&ŝƐĐŚďĂĐŚ ><^dhEdhdh>/<E'W<^͕t>ϬϬϭ͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϮϮϬ ^ϬϬϯEϬϳϳtϭϲ^t^t^t^t ϲϬ͘ϯϰϯϭϮϱ ͲϭϲϮ͘ϲϳϲϲϭϳ WƵďůŝĐ^ƵƉƉůǇ tĞůůŝŶĐŽŵƉůĞƚĞ ϴϰϬϲϯ ϯϴϬϵϰϳ DĂŶŚŚŽŚ Wt^/ϯϴϬϵϰϳDE,,K,WZ^KEE>DWͲdK<;&ŽƌŵĞƌůǇtĞƐƚŵĂƌŬ,ŽƚĞůͲdŽ ϭϬϬ ϬϭϴEϬϭϯϭϴ^tE^t^ ϲϯ͘ϯϯϱϱϵϵ ͲϭϰϮ͘ϵϴϴϴϲϵ WƵďůŝĐ^ƵƉƉůǇ ϴϰϭϬϴ ϮϮϬϰϮϵ ,ŽǁĚŝĞ/ŶĐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ><><ϮϬϭϳ>Kdϴ͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϲϴ ^ϬϭϳEϬϬϭϭϴEEEtE ϲϭ͘ϱϳϬϰϵϲ Ͳϭϰϵ͘ϯϯϳϵϯϮ WƵďůŝĐ^ƵƉƉůǇ ϴϰϭϬϵ ϮϮϬϰϯϲ DĂƚƐƵ,ĞĂůƚŚ^ĞƌǀŝĐĞƐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ DKDD^E>Kdϭ͘ϭϮϮϱt^ƉƌƵĐĞǀĞ͘t^/>>͕<>ŽĐĂƟŽŶǀĞƌŝĮĞĚďǇ͘ϮϬϬ ^ϬϭϴEϬϬϭtϯϮ^^^^ ϲϭ͘ϲϬϬϬϴϴ Ͳϭϰϵ͘ϰϴϭϳϱϯ WƵďůŝĐ^ƵƉƉůǇ ϴϰϭϯϰ ϮϮϬϱϬϬ &ŽŶƚƌĂĐƚŝŶŐ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t^d,sEdZdϭ͘ϯϴϵϮtŝƌĐŚ>ĞĂĨtĂǇ͘t^/>>͕<͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϮϰϬ ^ϬϭϳEϬϬϮtϮϱ^E^tE ϲϭ͘ϱϯϲϳϬϳ Ͳϭϰϵ͘ϱϰϵϵϰ WƵďůŝĐ^ƵƉƉůǇ ϴϰϭϯϱ ϮϮϬϱϬϳ ϱϰϲϭssd>> DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ K>KE/>W<>K<ϲ>Kdϯ͘ϱϰϲϭDĂǇĨůŽǁĞƌ>Ŷ͘t^/>>͕<͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚ ϭϮϬ ^ϬϭϳEϬϬϭϬϱ^t^t^t^ ϲϭ͘ϱϴϱϲϭ Ͳϭϰϵ͘ϯϭϮϲϯ WƵďůŝĐ^ƵƉƉůǇ ϴϰϭϯϲ ϮϮϰϲϰϲ ŝƚǇKĨtĂƐŝůůĂ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t^/>>tKK^>K<Ϯ>Kdϳ͘ϭϵϬ^ƉƌƵĐĞǀĞ͘t^/>>͕<͖Wt^t>Ϭϭϭ͖>ŽĐ Ϯϰϭ͘ϱ ^ϬϭϳEϬϬϭtϬϯ^EtEtEt ϲϭ͘ϱϵϴϱϱϰ Ͳϭϰϵ͘ϰϰϳϯϰϰ WƵďůŝĐ^ƵƉƉůǇ ƚĞƐƚǁĞůůͬƐƚĂŶĚďǇǁĞůů͘ϮƉƌĞǀŝŽƵƐĂƚƚĞŵƉƚƐǁŝƚŚƐƚĂŶĚĂƌĚ ĚƌŝǀĞƐŚŽĞƐǁĞƌĞƵŶƐƵĐĐĞƐƐĨƵů͘^ǁŝƚĐŚĞĚƚŽDŝƚƐƵďŝƐŚŝďŝŐďŽƌĞ ƌŝŶŐƐǇƐƚĞŵƚŽŐĞƚƚŚƌŽƵŐŚďŽƵůĚĞƌƐ͘dŽďĞŐƌŽƵƚĞĚĂƚƚŝŵĞŽĨ ĞǆĐĂǀĂƚŝŽŶ͘ƵĞƚŽĐŝƚǇŽĨtĂƐŝůůĂΖƐŵĂŝŶƉƵŵƉƌƵŶŶŝŶŐ ŝŶƚĞƌŵŝƚƚĞŶƚůǇ͕ĂŶĂĐĐƵƌĂƚĞ^t>ĐĂŶŶŽƚďĞĂĐŚŝĞǀĞĚ͘ ϴϰϭϱϬ ϮϮϱϯϲϭ :ǆĐĂǀĂƚŝŽŶŶĚĞǀĞůŽƉŵĞŶƚ͕/ŶĐ͘ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ :ϮϬϭϱ>KdϮ͘ϮϵϳϬŽƩůĞ>ŽŽƉ͘t^/>>͕<͘tĞůůϮ͘>ŽĐĂƟŽŶ>^ϮϱϮϯϬ Ϯϱϱ ^ϬϭϳEϬϬϭtϬϭEt^^t^ ϲϭ͘ϱϴϲϲϲϳϭ Ͳϭϰϵ͘ϯϲϴϵϯϮϵ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϬϮ ϮϰϬϴϲϮ ,ǇůĞŶ͕ƌŝĐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ t>>ϭ͘,z>Eϭϵϴϰ^hEEKϮZW>ddZDEdZd͘ϭϱϲϰϬ</E'ϳϰ ^ϬϬϭ^ϬϭϰtϯϰE^tEt^ ϲϬ͘ϬϰϰϬϲϲϱ Ͳϭϱϭ͘ϲϲϰϭϮϱϵ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϬϯ ϮϰϬϴϲϮ ,ǇůĞŶ͕ƌŝĐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ďĂŶĚŽŶĞĚǁĞůůϮ͘,z>Eϭϵϴϰ^hEEKϮZW>ddZDEdZdϰϭ ^ϬϬϭ^Ϭϭϰtϯϰ^tEtEt^ ϲϬ͘ϬϰϱϱϮϰϲ Ͳϭϱϭ͘ϲϲϲϱϱϱϲ WƵďůŝĐ^ƵƉƉůǇ ďĂŶĚŽŶĞĚ͘hŶƐƵƌĞŝĨĚĞĐŽŵŵŝƐƐŝŽŶĞĚŽƌŶŽƚ͘ ϴϰϮϬϰ ϮϰϬϴϲϮ ,ǇůĞŶ͕ƌŝĐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ tĞůůϮ͘,z>Eϭϵϴϰ^hEEKϮZW>ddZDEdZd͘ϭϱϲϰϬ</E'ϳϱ ^ϬϬϭ^Ϭϭϰtϯϰ^tEtEt^ ϲϬ͘ϬϰϱϱϬϳϮ Ͳϭϱϭ͘ϲϲϲϲϮϳϲ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϬϱ ϮϰϬϮϭϬ h^ĞƉĂƌƚŵĞŶƚ&ŽƌĞƐƚ^ĞƌǀŝĐĞ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ h^&^KKWZZ<ηϮEKZd,͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ ^ϬϬϱEϬϬϰtϯϲ^t^EE ϲϬ͘ϰϴϰϱϱϵ Ͳϭϰϵ͘ϴϴϴϴϱϲ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϬϲ ϮϰϬϮϬϮ h^&ŽƌĞƐƚ^ĞƌǀŝĐĞ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ h^&^KKWZZ<ηϭ^Khd,ϲϵ ^ϬϬϱEϬϬϯtϯϭ^Et^tEt ϲϬ͘ϰϴϮϳϭϯ Ͳϭϰϵ͘ϴϴϯϮϲϳ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϮϭ ϮϮϯϬϮϯ DĂƚƐƵŽƌŽƵŐŚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ηϮϬͲϭϲŽŶƐƚƌƵĐƚWŽƌƚĂďůĞůĂƐƐƌŽŽŵƐ͘D^^ZZEdZ͕t>ϬϬϮ͘ϮϰϳϮE^ϭϬϮ ^ϬϭϴEϬϬϭtϯϲ^tE^E ϲϭ͘ϲϬϵϮϭϱ Ͳϭϰϵ͘ϯϲϮϴϲϮ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϮϮ ϯϭϱϯϴϮ 'ŽůĚĞŶ,ĞĂƌƚ^ŽĨƚďĂůůƐƐŽĐŝĂƚŝŽŶ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ ,Zz^WKZd^KDW>y͕t>ϬϬϭ;t>>ηϮͿ͘dZd,Zz^WKZd^WƌĞǀŝŽƵƐůǇ ϲϬ &ϬϬϭ^ϬϬϭtϭϲEtEE^ ϲϰ͘ϴϮϳϯϱ Ͳϭϰϳ͘ϳϰϳϭϭ WƵďůŝĐ^ƵƉƉůǇ tĞůůĚĞĞƉĞŶĞĚďǇZd/Z/>>/E'ϰͬϮϰͬϮϬϭϮ ϴϰϮϮϰ ϯϴϬϬϳϴ hƉƉĞƌdĂŶĂŶĂĞǀĞůŽƉŵĞŶƚŽƌƉ hdh/>/E't>ϬϬϭ͘hƉƉĞƌdĂŶĂŶĂĞǀĞůŽƉŵĞŶƚŽƌƉ&ŽƌŵĞƌůǇdŽŬDƵůƚŝƉƵƌƉ ϵϬ ϬϭϴEϬϭϯϭϵEE^tE ϲϯ͘ϯϮϵϵϮϯ ͲϭϰϮ͘ϵϴϳϵϱϭ WƵďůŝĐ^ƵƉƉůǇ tĞůůƐĐŚĞŵĂƚŝĐŽŶůǇ͘EŽǁĞůůůŽŐ͘ ϴϰϮϰϳ ϮϭϬϰϴϱ ZŚŽĚĞƐ͕Z͘:͘ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ ^E><^Zs/^t>>ηϭ͘^>/&&t>>^/d͘ϮϭϬ ^ϬϭϮEϬϬϰtϭϱ^^EtEt ϲϭ͘ϭϯϰϱϳϲ Ͳϭϰϵ͘ϵϳϰϱϭϯ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϰϴ ϭϭϬϰϰϵ d,hEZDKhEd/EDK/>WZ< ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ t>>ηϮ͘d,hEZDKhEd/EDK/>WZ<͘tĞůů^ƵŵŵĂƌǇŽŶůǇ͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϬϰϬ^Ϭϲϲϭϳ^t^t^^t ϱϴ͘ϯϵϰϯϮ Ͳϭϯϰ͘ϱϱϳϴϳ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϰϵ ϭϭϬϰϰϵ d,hEZDKhEd/EDK/>WZ< ŝƚǇΘŽƌŽƵŐŚŽĨ:ƵŶĞĂƵ t>>ηϯ͘d,hEZDKhEd/EDK/>WZ<͘tĞůů^ƵŵŵĂƌǇŽŶůǇ͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞ ϲϬ ϬϰϬ^ϬϲϲϮϬEtEtEEt ϱϴ͘ϯϵϯϮϯ Ͳϭϯϰ͘ϱϱϳϵϮ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϲϬ ϮϮϰϬϳϴ hŶŬŶŽǁŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ tĞůůηϭ͘^,ZtKK^dηϮ>K<ϯ>Kdϯ͘ϮϭϯϭE&ŽƵŶƚĂŝŶĂůĞ>Ŷ͘t^/>>͕<ϲϬ ^ϬϭϴEϬϬϮtϯϰ^t^tE^ ϲϭ͘ϲϬϯϳϰϭ Ͳϭϰϵ͘ϲϬϴϰϬϰ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϲϭ ϮϲϮϮϴϮ WĂƵŐͲsŝŬ/ŶĐ͘ ƌŝƐƚŽůĂǇŽƌŽƵŐŚ KWWZZ/sZ^&KK^E<E<͕t>ϬϬϯ ϭϬϱ ^Ϭϭϳ^ϬϰϳtϬϯ^t^t^t^ ϱϴ͘ϳϮϱϱϳϮ Ͳϭϱϳ͘ϬϮϮϮϯϴ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϲϯ ϯϭϬϴϵϱ dŽǁŶŶĚŽƵŶƚƌǇdƌĂŝůĞƌŽƵƌƚ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ dKtEΘKhEdZzdZ/>ZKhZd͕t>ϬϬϭ;/E^/t>>Ϳ ϮϬϭ &ϬϬϭEϬϬϭtϮϰE^Et^t ϲϰ͘ϴϵϳϱϯϳ Ͳϭϰϳ͘ϲϳϬϬϵϵ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϲϱ ϮϮϬϮϲϬ hŶŬŶŽǁŶ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ D/>>,Kh^^ddZ͘,K>zDK>zKEhd^,KW͕t>ϬϬϭ͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇϲϱ ^ϬϭϳEϬϬϭtϭϭ^EtEE ϲϭ͘ϱϴϯϱϭϳ Ͳϭϰϵ͘ϯϵϰϰϰϭ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϲϲ ϯϵϬϳϱϲ h^& ĞŶĂůŝŽƌŽƵŐŚ t>ϬϬϭ͘>Z^W&KZ^dd/KEʹD/E͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϯϲϬ &ϬϬϳ^ϬϬϴtϮϵEEEE ϲϰ͘ϮϴϲϬϯ Ͳϭϰϵ͘ϭϲϲϬϵ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϲϳ ϯϵϬϳϱϲ h^& ĞŶĂůŝŽƌŽƵŐŚ t>ϬϬϮ͘>Z^W&KZ^dd/KEʹD/E͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϰϰϬ &ϬϬϳ^ϬϬϴtϮϵEEEE ϲϰ͘Ϯϴϱϵϰϰ Ͳϭϰϵ͘ϭϲϲϭϯ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϲϴ ϯϵϬϳϱϲ h^& ĞŶĂůŝŽƌŽƵŐŚ t>ϬϬϯ͘>Z^W&KZ^dd/KEʹD/E͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ &ϬϬϳ^ϬϬϴtϮϬ^EtE^ ϲϰ͘ϮϵϮϮϰ Ͳϭϰϵ͘ϭϳϬϮϵ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϲϵ ϯϲϬϴϲϲ ŝƚǇKĨZƵďǇ ZhztdZ^z^dD͕t>ϬϬϭ ϵϲ <ϬϬϵ^ϬϭϳϬϰEtEtE^t ϲϰ͘ϳϯϲϵϵ Ͳϭϱϱ͘ϰϴϰϮϴ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϳϬ ϯϲϬϴϲϲ ŝƚǇKĨZƵďǇ ZhztdZ^z^dD͕t>ϬϬϮ ϭϲϯ <ϬϬϵ^ϬϭϳϬϰEtEtE^t ϲϰ͘ϳϯϲϯϴ Ͳϭϱϱ͘ϰϴϰϮϳ WƵďůŝĐ^ƵƉƉůǇ ŚĞĂǀŝŶŐƐŝůƚĂŶĚŐƌĂǀĞůϴϴͲϭϯϱΖ ϴϰϮϴϯ ϮϮϰϲϰϲ ŝƚǇKĨtĂƐŝůůĂ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t^/>>ZWZ</EZ^ͬϮ>ϮͲϲ>K<Ϯ>Kdϰ͘ϭϳϱt^ǁĂŶƐŽŶǀĞ͘t^/>>͕ϰϬϬ ^ϬϭϳEϬϬϭtϬϵ^tEEE ϲϭ͘ϱϴϰϬϴϴ Ͳϭϰϵ͘ϰϱϯϬϰ dĞƐƚͬǆƉůŽƌĂƚŽƌǇ ϴϰϮϵϳ ϯϭϬϴϳϵ ƌŽĐŬ͕<ĞŶ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ <^><^d/d/KE>dϭϲ͘ϯϳϵ/s/^/KE^d͘&/ZE<^͕<͘tĞůůĞĞƉĞŶŝŶŐů ϭϳϮ &ϬϬϭEϬϬϭϯϬEEtEE ϲϰ͘ϴϵϭϳϮ Ͳϭϰϳ͘ϲϭϰϯ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϵϴ ϯϭϬϴϳϵ ƌŽĐŬ͕<ĞŶ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ <^><^d/d/KE>dϭϲ͘ϯϳϵŝǀŝƐŝŽŶ^ƚ͘&/ZE<^͕<ϭϳϲ &ϬϬϭEϬϬϭϯϬ^EtEE ϲϰ͘ϴϵϭϯ Ͳϭϰϳ͘ϲϭϰϭϴ WƵďůŝĐ^ƵƉƉůǇ ϴϰϮϵϵ ϯϬϬϮϳϮ h^W,^/s/^/KEK&/E/E,>d, ,h',^Wh>/tdZ^hWW>z͕t>ϬϬϭ ϭϬϬ <ϬϬϴEϬϮϮϯϯ^tE^t^t ϲϲ͘ϬϰϲϭϮϭ Ͳϭϱϰ͘Ϯϱϳϳϵϯ WƵďůŝĐ^ƵƉƉůǇ ϴϰϯϬϬ ϮϵϮϭϴϲ ŽƉƉĞƌZŝǀĞƌZĞŐŝŽŶĂů,ŽƵƐŝŶŐƵƚŚŽƌŝƚǇ ZZ,D</E>z>'tdZ^hWW>z͕t>ϬϬϭ ϳϴ ϬϬϮEϬϬϭtϬϭ^t^E^t ϲϭ͘ϵϴϬϭϭϭ Ͳϭϰϱ͘ϯϯϬϱϲ WƵďůŝĐ^ƵƉƉůǇ ϴϰϯϭϲ ϮϵϭϮϭϭ ŝƚǇKĨsĂůĚĞǌ s>ZKZ/sZ^͕ͬt>ϬϬϮ;Ett>>ηϮͿ ϵϬ ϬϬϵ^ϬϬϲtϭϮ^tEt^^ ϲϭ͘Ϭϵϳϰϳϭ Ͳϭϰϲ͘ϮϬϰϬϵϯ WƵďůŝĐ^ƵƉƉůǇ ϴϰϯϮϬ ϮϴϬϯϬϮ ƌŽŽŬĞĚƌĞĞŬ ZKK<Z<tdZ/E'WK/Ed͕t>ϬϬϭ ϲϱ ^ϬϮϭEϬϰϴtϯϭEt^^^ ϲϭ͘ϴϲϭϭϮϴ Ͳϭϱϴ͘ϭϯϳϲϮϴ WƵďůŝĐ^ƵƉƉůǇ ϴϰϯϮϭ Ϯϲϭϰϰϰ ŚŝŐŶŝŬ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ tĞůůϭ͘,/'E/<>'KKEtdZ^z^dD͘ϭϰϬ ^Ϭϰϱ^ϬϱϵtϬϱEt^t^t^ ϱϲ͘ϯϬϳϳϲϰ Ͳϭϱϴ͘ϱϯϭϮϬϱ WƵďůŝĐ^ƵƉƉůǇ ϴϰϯϮϮ Ϯϲϭϰϰϰ ŚŝŐŶŝŬ >ĂŬĞΘWĞŶŝŶƐƵůĂŽƌŽƵŐŚ tĞůůϮ͘,/'E/<>'KKEtdZ^z^dD ϭϲϬ ^Ϭϰϱ^ϬϱϵtϬϱE^^^t ϱϲ͘ϯϬϳϳϲϭ Ͳϭϱϴ͘ϱϯϭϱϮϳ WƵďůŝĐ^ƵƉƉůǇ ϴϰϯϯϬ Ϯϰϰϵϱϱ sKE^E<s/>>' <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ sKE^E<s/>>'͕t>ϬϬϭ;tĞůůϲͿ ϳϳ ^ϬϬϰ^ϬϭϭtϮϳE^EE ϱϵ͘ϴϬϲϯϳϴϵ Ͳϭϱϭ͘ϭϯϲϯϲϲϳ WƵďůŝĐ^ƵƉƉůǇ ϴϰϯϯϭ Ϯϰϰϵϱϱ sKE^E<s/>>' <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ sKE^E<s/>>'͕t>ϬϬϯ;tĞůůϲͿ ϮϳϮ ^ϬϬϰ^ϬϭϭtϮϳE^EE ϱϵ͘ϴϬϲϱϭϯϮ Ͳϭϱϭ͘ϭϯϲϰϮϳϱ WƵďůŝĐ^ƵƉƉůǇ ϴϰϯϯϮ ϮϰϯϭϬϯ DĐůƵƌĞ͕'ƌĂŶƚ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ t>ϬϬϭ;ƐĞĐŽŶĚĂƌǇͿ͘K>>'WZ<,KDKtEZ^^^K͘ZhD>KtWZ<^hϯϵ ^ϬϬϱEϬϭϭtϯϱE^tEtE ϲϬ͘ϰϴϱϬϵ Ͳϭϱϭ͘ϭϱϳϬϮ WƵďůŝĐ^ƵƉƉůǇ ϴϰϯϯϯ ϮϰϯϭϬϯ DĐůƵƌĞ͕'ƌĂŶƚ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ t>ϬϬϮ;ƉƌŝŵĂƌǇͿ͘K>>'WZ<,KDKtEZ^^^K͘ZhD>KtWZ<^hK ϰϭ ^ϬϬϱEϬϭϭtϯϱ^^tEtE ϲϬ͘ϰϴϱϬϱ Ͳϭϱϭ͘ϭϱϳϮϮ WƵďůŝĐ^ƵƉƉůǇ ϴϰϯϯϰ ϮϰϭϭϬϭ ĂǇǀŝĞǁdƌĂŝůĞƌWĂƌŬ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ zs/tdZ/>ZKhZd͕t>ϬϬϭ͘>z</E'^h>KdϳͲϭϭΘdZϭ>z</E'^ϲϬ ^ϬϬϭEϬϬϭtϯϲEE^^t ϲϬ͘ϭϮϵϱϵϳ Ͳϭϰϵ͘ϯϳϯϴϳϳ WƵďůŝĐ^ƵƉƉůǇ ϴϰϯϯϳ ϮϮϳϮϮϬ tĞŶĚƚ͕ĂǀŝĚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ Dt>>KEd,'ZE;D,WͿ͕t>ϬϬϭ͘h^^/dZd͘ϭϲϭ ^ϬϭϳEϬϬϮϬϵ^^tEtE ϲϭ͘ϱϴϭϴϴ Ͳϭϰϵ͘Ϭϵϵϱ WƵďůŝĐ^ƵƉƉůǇ ϴϰϯϯϴ ϮϮϳϮϭϮ 'ƌŝĨĨŝƚŚƌŽƐ/E DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ,Z/d'WZ<͕t>ϬϬϭ͘,Z/d'W<>K<ϭ>Kdϭ͘ϴϭϯϬ^ŵĞƌŝĐĂŶĂ>Ŷ͘W>D ϭϮϲ ^ϬϭϲEϬϬϮϬϵEtEt^^t ϲϭ͘ϰϴϳϮϱϯ Ͳϭϰϵ͘ϭϭϮϴϲϲ WƵďůŝĐ^ƵƉƉůǇ ϴϰϯϯϵ ϮϮϲϬϮϬ ŝƚǇKĨWĂůŵĞƌ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ W>DZtdZ^z^dD͕t>ϬϬϱ;t>>ηϱͿ͘W>DZDhE//W>/ZWKZddZ>dϭϳϱ ^ϬϭϳEϬϬϮϬϰ^^^t^ ϲϭ͘ϱϴϱϲϴϯ Ͳϭϰϵ͘Ϭϵϲϳϳϵ WƵďůŝĐ^ƵƉƉůǇ ϴϰϰϳϱ ϮϮϰϵϭϬϭ E/</^</Et,KW,Z/^d/E&>>Kt^,/W <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ d,dEWZ<^hϭ>dϭ͘ϱϰϵϯϮKZ/E's͘E/</^</͕<ϭϬϬ ^ϬϬϳEϬϭϮtϭϱ^tEt^tEt ϲϬ͘ϲϵϵϮ Ͳϭϱϭ͘ϯϳϵϱ WƵďůŝĐ^ƵƉƉůǇ ϴϰϰϵϴ ϮϮϰϳϳϰϭ ŚŽ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ <ϮϮϰϳϳϰϭt><E/Z/sZEDW'ZKhEϱϴ ^ϬϬϱEϬϭϬtϭϵ^t^EEt ϲϬ͘ϱϭϯϴϭϯ Ͳϭϱϭ͘ϭϬϰϵϲϮ WƵďůŝĐ^ƵƉƉůǇ ϴϰϱϱϲ ϮϰϴϬϴϬ DŝůůĞƚƚ͕ZŝĐŚĂƌĚ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ϭϲϬϯϱ^dZ>/E',tz͘E/E/>,/<͕<͘dϮ^Zϭϰt^ϯ^tZDZ//E,DϬϵ ϭϳϴ ^ϬϬϮ^ϬϭϰtϬϯEEtEtEt ϲϬ͘Ϭϯϵϰ Ͳϭϱϭ͘ϲϳϴ WƵďůŝĐ^ƵƉƉůǇ ϴϰϱϲϬ ϮϮϳϲϰϯ ƌŽǁŶ͕ZŽǇ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ ,E^E/^d>K<ϭ>KdϭϬ͘ϭϵϬϭE,ĞŵŵĞƌZĚ͘W>DZ͕<ϵϯ ^ϬϭϴEϬϬϮϯϮEt^t^t^t ϲϭ͘ϲϬϬϱϱ Ͳϭϰϵ͘ϭϰϳϴϭϴ WƵďůŝĐ^ƵƉƉůǇ ϴϰϱϲϭ ϮϰϵϮϮϭ EŝŬŝƐŬŝ^ĞŶŝŽƌĞŶƚĞƌ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ E/</^</^E/KZEdZ͘^E/KZ^,KZEEKϭdZͲϯ͘ϱϬϬϮϱ><DZ/s ϭϰϱ ^ϬϬϳEϬϭϭtϭϲEEtEt^t ϲϬ͘ϲϵϳϭ Ͳϭϱϭ͘Ϯϯϭϯϴ WƵďůŝĐ^ƵƉƉůǇ ϴϰϲϴϱ ϮϮϰϵϬϲϳ ^ĂĐŬĞƚƚ͕'ůĞŶ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ h^^hZszϯϯϴϴ>dϮ͘ϭϲϬϮϭ^ƚĞƌůŝŶŐ,ǁǇ͘ŽŽƉĞƌ>ĂŶĚŝŶŐ͕<ϭϭϲ ^ϬϬϱEϬϬϯtϯϭEtEt^tEt ϲϬ͘ϰϴϯϱ Ͳϭϰϵ͘ϴϴϱϴ WƵďůŝĐ^ƵƉƉůǇ ϴϰϳϲϱ ϮϰϱϮϵϰ EŝŬŝƐŬŝŚƵƌĐŚKĨŚƌŝƐƚ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ &KZ^d,/>>^^hdZd͘ϱϬϳϱϬ<E/^WhZ,tz͘E/</^</͕<͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚ ϳϵ ^ϬϬϳEϬϭϮtϭϭEEt^tEt ϲϬ͘ϳϭϱϮϰϭ Ͳϭϱϭ͘ϯϰϳϭϯϱ WƵďůŝĐ^ƵƉƉůǇ ϴϰϴϰϱ ϮϰϵϬϰϵ dŚŽŵƉƐŽŶ/ŶĐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ tKKZKt&ZD^>dϭϱ͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϮϲ ^ϬϬϭEϬϬϭtϭϯ^t^EEt ϲϬ͘ϭϴϭϮ Ͳϭϰϵ͘ϯϳϱϳ WƵďůŝĐ^ƵƉƉůǇ ϴϱϬϬϲ ϯϴϬϱϵϵ ^ŶŽǁƐŚŽĞDŽƚĞů ^ŶŽǁƐŚŽĞDŽƚĞůĂŶĚ'ŝĨƚ ϵϲ ϬϭϴEϬϭϯϭϴE^t^^ ϲϯ͘ϯϯϱϭϯ ͲϭϰϮ͘ϵϴϮϱ ϴϱϬϭϮ ϮϰϱϭϬϱ ^ŽůĚŽƚŶĂŚƵƌĐŚKĨŚƌŝƐƚ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ^,z'ZKs^dd^DE><ϭ>dϯ ϭϭϭ ^ϬϬϱEϬϭϬtϮϲEEtEtEt ϲϬ͘ϱϬϭϱϴ ͲϭϱϬ͘ϵϵϲϭϴ WƵďůŝĐ^ƵƉƉůǇ ϴϱϭϬϮ ϮϭϯϮϯϵ ĞĂƌDŽƵŶƚĂŝŶŽŶĚŽƐ DƵŶŝĐŝƉĂůŝƚǇŽĨŶĐŚŽƌĂŐĞ dhEZ:t>ZE,>dϭϮZDKhEd/EW,^ϭ͘ϮϮϳϭϳ^>^ϯϵϯϯ ϮϬϮ ^ϬϭϱEϬϬϭtϭϲEEEtE ϲϭ͘ϯϵϲϵϱϱ Ͳϭϰϵ͘ϰϱϵϬϴ WƵďůŝĐ^ƵƉƉůǇ ϴϱϭϰϴ Ϯϰϱϵϯϱ ^ŽůŝĚZŽĐŬŝďůĞĂŵƉ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ϯϲϮϱϭ^K>/ZK<ZhE/dϭ ϮϬϯ ^ϬϬϱEϬϭϬtϮϰ^tEt^t^t ϲϬ͘ϱϬϰϯϵϱ ͲϭϱϬ͘ϵϲϴϴϳϭ WƵďůŝĐ^ƵƉƉůǇ ϴϱϯϮϮ ϯϭϬϭϰϲ ŚĞŶĂ,Žƚ^ƉƌŝŶŐƐ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ dŚŝƐŝƐtĞůůηϮ͘ϲϯ &ϬϬϯEϬϬϴϮϲ^t^^^ ϲϱ͘ϬϱϭϵϳϮϲϵ Ͳϭϰϲ͘ϬϱϮϬϭϵϵ WƵďůŝĐ^ƵƉƉůǇ ϴϱϯϮϲ Ϯϰϵϭϭϳ dƌŝŶŝƚǇ>ĂŬĞŚƌŝƐƚŝĂŶĞŶƚĞƌ͕/ŶĐ <ĞŶĂŝWĞŶŝŶƐƵůĂŽƌŽƵŐŚ ^'Z^Z^hEKϮDE><Ϯ>dϭ͘ϯϳϳϯϬ<E/^WhZ,tz͘^K>KdE͕ϭϰϳ ^ϬϬϱEϬϭϬtϭϳEE^tEt ϲϬ͘ϱϮϳϯϭ Ͳϭϱϭ͘ϬϴϬϬϱ WƵďůŝĐ^ƵƉƉůǇ ϴϱϯϰϱ ϮϮϬϭϲϯ tĂƐŝůůĂ>ĂŬĞŚƵƌĐŚ DĂƚĂŶƵƐŬĂͲ^ƵƐŝƚŶĂŽƌŽƵŐŚ t>ϬϬϮ͘><ZKK<Z^dͬϯͲϱdZdϯ͘ϮϬϬϭWĂůŵĞƌtĂƐŝůůĂ,ǁǇ͘tĂƐŝůůĂ͕<ϲϬ ^ϬϭϳEϬϬϭtϭϭEtE^tE ϲϭ͘ϱϴϭ Ͳϭϰϵ͘ϯϵϵϳϰ ϴϱϯϰϴ ϮϲϬϮϬϮ ŝƚǇKĨůĂƌŬƐWŽŝŶƚ ůĂƌŬΖƐWŽŝŶƚ͘>ŽĐĂƚŝŽŶǀĞƌŝĨŝĞĚďǇ͘ϭϯϱ ^Ϭϭϱ^ϬϱϲtϯϲEt^t^Et ϱϴ͘ϴϯϰϵϳϱ Ͳϭϱϴ͘ϱϰϵϲϴ WƵďůŝĐ^ƵƉƉůǇ ϴϱϯϱϮ ϯϰϬϯϴϳ ŝƚǇKĨhŶĂůĂŬůĞĞƚ tĞůůηϭ͘tĞůůĨŝĞůĚhŶĂůĂŬůĞĞƚ͘ϰϬϯ <Ϭϭϴ^ϬϭϭtϮϲEEtEt^t ϲϯ͘ϴϵϵϱ ͲϭϲϬ͘ϳϳϱϱϲ WƵďůŝĐ^ƵƉƉůǇ KƌŝŐŝŶĂůǁĞůůĐŽůůĂƉƐĞĚ͘sĂůůĞǇǁĞůůĚƌŝůůŝŶŐĚƌŝůůĞĚŽƵƚŽƌŝŐŝŶĂůWs ůŝŶĞƌĂŶĚƌĞƉůĂĐĞĚǁŝƚŚƐƚĞĞů͘ϬϮͬϭϳͬϮϬϮϱ͘ ϴϱϯϱϯ ϯϰϬϯϴϳ ŝƚǇKĨhŶĂůĂŬůĞĞƚ tĞůůηϯ͘tĞůůĨŝĞůĚhŶĂůĂŬůĞĞƚ ϯϭϯ <Ϭϭϴ^ϬϭϭtϮϲEt^Et^t ϲϯ͘ϴϵϳϯϮ ͲϭϲϬ͘ϳϳϱϮ WƵďůŝĐ^ƵƉƉůǇ ϴϱϯϱϰ ϯϰϬϯϴϳ ŝƚǇKĨhŶĂůĂŬůĞĞƚ tĞůůηϰ͘tĞůůĨŝĞůĚhŶĂůĂŬůĞĞƚ ϯϬϯ <Ϭϭϴ^ϬϭϭtϮϲ^^t^tEt ϲϯ͘ϵϬϬϲ ͲϭϲϬ͘ϳϳϱϳϯ WƵďůŝĐ^ƵƉƉůǇ ϴϱϯϱϱ ϯϰϬϯϴϳ ŝƚǇKĨhŶĂůĂŬůĞĞƚ tĞůůϱ͘tĞůůĨŝĞůĚhŶĂůĂŬůĞĞƚ ϯϬϯ <Ϭϭϴ^Ϭϭϭtϯϱ^EEt^t ϲϯ͘ϴϴϯϵϯ ͲϭϲϬ͘ϳϳϯϬϰ WƵďůŝĐ^ƵƉƉůǇ ϴϱϯϱϲ ϯϰϬϯϴϳ ŝƚǇKĨhŶĂůĂŬůĞĞƚ tĞůůηϲ͘tĞůůĨŝĞůĚhŶĂůĂŬůĞĞƚ Ϯϱϯ <Ϭϭϴ^ϬϭϭtϮϲEt^Et^t ϲϯ͘ϴϵϳϯϮ ͲϭϲϬ͘ϳϳϱϮ WƵďůŝĐ^ƵƉƉůǇ KƌŝŐŝŶĂůǁĞůůĐŽůůĂƉƐĞĚ͘sĂůůĞǇtĞůůƌŝůůŝŶŐĚƌŝůůĞĚŽƵƚWsůŝŶĞƌ ĂŶĚƌĞƉůĂĐĞĚǁŝƚŚƐƚĞĞůůŝŶĞƌϬϮͬϰͬϮϬϮϱ ϴϱϯϱϳ ϯϰϬϯϴϳ ŝƚǇKĨhŶĂůĂŬůĞĞƚ tĞůůηϳ͘tĞůůĨŝĞůĚhŶĂůĂŬůĞĞƚ ϯϳϯ <Ϭϭϴ^ϬϭϭtϮϲ^^^tEt ϲϯ͘ϵϬϬϮϲ ͲϭϲϬ͘ϳϳϯϭϵ WƵďůŝĐ^ƵƉƉůǇ ϴϱϯϱϴ ϯϰϬϯϴϳ ŝƚǇKĨhŶĂůĂŬůĞĞƚ tĞůůηϴ͘tĞůůĨŝĞůĚhŶĂůĂŬůĞĞƚ͘ϯϬϮ <Ϭϭϴ^ϬϭϭtϮϲEtEtE^t ϲϯ͘ϴϵϵϱϵ ͲϭϲϬ͘ϳϳϬϴϳ WƵďůŝĐ^ƵƉƉůǇ ϴϱϰϭϮ ϯϳϮϮϱϯ dŚƌĞĞĞĂƌƐůĂƐŬĂ dŚƌĞĞĞĂƌƐĞůƚĂ:ƵŶĐƚŝŽŶ͕< >^ϯϱϰϰϵ ϮϮϬ &ϬϭϬ^ϬϭϬϭϰ^t^t^t^ ϲϰ͘ϬϰϬϳϱ Ͳϭϰϱ͘ϳϯϬϳϭ ŽŵŵĞƌĐŝĂů ϴϱϰϰϬ ϯϭϱϲϬϵ ŽƌĞĂůŝƐĂƐĞĂŵƉ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ t>ϬϬϭ͘ϮϲϮϱ,ŝŵĂůĂǇĂZĚ͘&ĂŝƌďĂŶŬƐ͕<ϭϴϬ &ϬϬϯEϬϬϮtϭϮ^^t^tEt ϲϱ͘ϭϬϭϵϵϵ Ͳϭϰϳ͘ϴϳϳϯϳϮ WƵďůŝĐ^ƵƉƉůǇ ϴϱϰϰϭ ϯϭϱϲϬϵ ŽƌĞĂůŝƐĂƐĞĐĂŵƉ &ĂŝƌďĂŶŬƐEŽƌƚŚ^ƚĂƌŽƌŽƵŐŚ t>ϬϬϮ͘ϮϲϰϬ,ŝŵĂůĂǇĂZĚ͘&ĂŝƌďĂŶŬƐ͕<ϭϳϴ &ϬϬϯEϬϬϮtϭϭ^t^^E ϲϱ͘ϭϬϮϬϮϴ Ͳϭϰϳ͘ϴϴϰϲϵϲ WƵďůŝĐ^ƵƉƉůǇ ϴϱϲϴϭ ϮϲϬϰϲϰ EĂŬŶĞŬ^ĐŚŽŽů ƌŝƐƚŽůĂǇŽƌŽƵŐŚ EĂŬŶĞŬ^ĐŚŽŽůǁĞůůηϭ ϮϰϬ ^Ϭϭϳ^ϬϰϳtϬϮE^^tEt ϱϴ͘ϳϯϯϲϱ Ͳϭϱϳ͘ϬϬϰϮϲ WƵďůŝĐ^ƵƉƉůǇ ϴϱϲϴϮ ϮϲϬϰϲϰ EĂŬŶĞŬ^ĐŚŽŽů ƌŝƐƚŽůĂǇŽƌŽƵŐŚ EĂŬŶĞŬ^ĐŚŽŽůǁĞůůηϮ ϮϰϬ ^Ϭϭϳ^ϬϰϳtϬϮE^^tEt ϱϴ͘ϳϯϯϱϳ Ͳϭϱϳ͘ϬϬϯϳϱ WƵďůŝĐ^ƵƉƉůǇ ĂǀĞ ϭϱϵ ŵĂǆ ϭϰϰϬ ϵϬƚŚйŝůĞ ϯϬϱ ϵϴƚŚйŝůĞ ϰϳϰ ϵϵƚŚйŝůĞ ϱϰϬ Estimated Costs for Potable Water Systems July 2025 Daily Trucking Annual Cost Trucking Trucking Cost per 1000 gallons 27,000 gallons from SA-10 to Nuiqsut, cost with delivery truck $3,441 $1,255,886 $127 370,000 gallons from SA-10 to Utqiagvik, cost with delivery truck $37,987 $13,865,158 $103 16,000 gallons from Utqiakgvik to Atqasuk, cost with delivery truck $1,987 $725,273 $124 Pumping Cost per 1000 gallonsESP from 2500' Deep Well. Horizontal Pumping Distance, Miles 210 $72 ESP from 2500' Deep Well. Horizontal Pumping Distance, Miles 60 $56 Shallow Well @ WTP site. Depth, feet 150 $1 Freshwater Source Pumping. Horizontal Pumping Distance, Feet 800 $0.15 Seawater Source Pumping. Horizontal Pumping Distance, Feet 800 $0.75 ā Process Equipment and Tanks (Nanofiltration) $609,879 ā 20 x 23 Building $354,662 ā Source pumps & Pipeline - Assume 800 feet of line $130,000 ā Surfacewater Disposal Pipeline - Assume 1000 feet of line $162,500 ā Allowance: Civil, Mech, Elect, Controls; 15 % $164,181 ā Contractor Gen Requirements 10%, O&P 10%, 20% Contingency $156,336 Total Installation Cost $1,580,000 Operating Costs Operating Cost per 1000 gallons ā Trucking/Pumping $46.21 ā Chemicals $0.72 ā Labor/Maintenance $37.52 Total Operating Cost $84.46 ā Process Equipment and Tanks (reverse osmosis) $859,076 ā Disposal well for injecting desalination waste water. (MPB-34 Comp)$490,000 ā 20 x 23 Building $354,662 ā Sewater Bed Well point $100,000 ā Source pumps & Pipeline - Assume 800 feet of line $130,000 ā Allowance: Civil, Mech, Elect, Controls; 15 % $290,061 ā Contractor Gen Requirements 10%, O&P 10%, 20% Contingency $244,619 Total Installation Cost $2,470,000 Operating Costs Operating Cost per 1000 gallonsā Power/Pumping $49.46 ā Chemicals $1.06 ā Labor/Maintenance $42.01 ā Wellwork: Assume 10% of rig workover ($1.3MM *B-01 Comp) costs on disposal well every 10 year.$1.78 Total Operating Cost $94.31 ā 100% of 2500' TVD purpose built water well with hookups. $5,975,000 ā Disposal well for injecting desalination waste water. (MPB-34 Comp)$490,000 ā Gravel Pads for wells (permitting & installation)$240,000 ā Source-water gas sep, waste water tankage, injection pumps,piping $160,000 ā Diesel Generator 0.5 MW $250,000 ā 30 x 40 building $925,206 ā Process Equipment and Tanks (misc unit processes, and RO) $1,165,472 ā Allowance: Civil, Mech, Elect, Controls; 15 % $375,102 ā Contractor Gen Requirements 10%, O&P 10%, 20% Contingency $316,337 Total Installation Cost $9,900,000 Operating Cost: Power,chemicals,and labor/maintenance on a per 1000 gallon basisā Power Gen/Pumping $100.64 ā Chemicals $2.12 ā Labor/Maintenance $60.27 ā Wellwork: Assume 10% of rig workover ($1.3MM *B-01 Comp) costs on disposal well every 10 year.$1.78 Total Operating Cost $164.81 Commercial Potable Water: Source Water Pumping: Surface Water (Freshwater) Cost for a 27,000 gallon/day filtration-purification system fed by gassy, saline subsurface water (deep-well). Seawater Deep Well Water (Methane, TDS > 3000 mg/L) Installation Cost: 27,000 gallon/day filtration-purification system fed by fresh surface water. Installation Cost: 27,000 gallon/day desalination system fed by seawater water. 1 of 1 Area City 2025 2035 Demand 2025 ADD 2035 ADD 10k gal Tank Daily Trips 25k gal Tank Daily Trips Estimated Maximum Day for Pumping RW at MDD & RO Treat gpcd gpd gpd # # gpm gpm West NSB Nuiqsut 496 548 46 22,816 25,208 3 1 70 143 Kaktovik 289 320 35 10,115 11,200 1 0.4 31 Anaktuvuk Pass 434 480 34 14,756 16,320 2 0.7 45 East NSB Atqasuk 274 393 37 10,138 14,541 1.5 0.6 40 Utqiaœvik 5905 6985 53 312,965 370,205 15 1,028 2,099 Wainwright 608 671 38 23,104 25,498 2.5 1 71 Point Lay 297 328 36 10,692 11,808 1.2 0.5 33 Point Hope 785 868 30.6 24,021 26,561 2.7 1.1 74 2030 2045 Demand 2030 ADD 2045 ADD gpcd gpd gpd Wainwright 694 805 38 26,372 30,590 2 1.2 Source Water Needs Analyze WTP Capacities: Recovery 0.49 0.7125 0.95 LOW 16,000 gpd MED 27,000 gpd gpd 55,102 37,895 28,421 UTQIAGVIK 370,000 gpd High Growth Population Year 2025 DollarsItem Monthly Units Unit Monthly AnnualCost per 1000 gallonsDEEP WELL2500 feet Electrical Powerper KwH ESP 199,864 KwH/mo $0.20 $39,973 $479,674 $49.35 Booster Pump 210 miles 92,823 KwH/mo $0.20 $18,565 $222,775 $22.92 Booster Pump 60 miles 26,521 KwH/mo $0.20 $5,304 $63,650 $6.55Shallow Well150 feet Electrical Powerper KwH Submersible Well pump 2,745 KwH/mo $0.20 $549 $6,588 $0.68Microturbine - Natural GasGas Reqd Gas Reqd Gas CostNuiqsut Nat Gas Cost 1.792 MCFMonthly Units Monthly Annual Annualcost of install 1500 $/kW MCF MCFrequired Deep Well 143 gpm 303 kW 199,864 KwH/mo 1,348 16,174 $28,984required Booster 210 143 gpm 141 kW 92,823 KwH/mo 626 7,512 $13,461required Booster 60 143 gpm 40 kW 26,521 KwH/mo 179 2,146 $3,846Capital Cost Deep Well $454,237Capital Cost Booster 210 $210,961UnitMonthlyAnnual UnitMonthlyAnnual UnitMonthlyAnnualper KwHOperation and maintenance costs are $0.005-$0.010 per kWh $/kWh 48959 KWh/mo $0.01 $490 $5,875$/kWh 12170 KWh/mo$0.01$122$1,460Pumping - Surface Sources800 feetper KwHFresh 590 KwH/mo$0.20$118$1,416$0.15Seawater3,039 KwH/mo$0.20$608$7,294$0.75 HP = (TDH * Flow Rate * Specific Gravity of Water) / (3960 * Pump Efficiency). 0.7457 kW/Hp Calcs for more raw water flow for 49% recoveryDeep Well - 6" pipe22 hours/dDeep Well - 6" pipeTDH 3939 feetTDH 7877 feetflow 70 gpmflow 143 gpmSG 1SG 1Pump Eff 0.7 1108800 feetPump Eff 0.799.5 Hp 1632 kWh/day 316800 feet406.1 Hp 6662 kWh/day$326200feet$1,332 per day210 Miles - 6" pipe210 Miles - 6" pipeTDH 979 feetTDH 3658 feetflow 70 gpmflow 143 gpmSG 1SG 1Pump Eff 1Pump Eff 125 Hp 406 kWh/day 189 Hp 3094 kWh/day$81$619 per day60 Miles - 6" pipe60 Miles - 6" pipe$712,206 per yearTDH 280 feet TDH 1045 feetflow 70 gpmflow 143 gpmSG 1SG 1Pump Eff 0.7Pump Eff 0.77 Hp 116 kWh/day 54 Hp 884 kWh/dayShallow Well - 1.5" pipe60 Miles - 12" pipeTDH 221 feet TDH 2614 feetflow 70 gpmflow 2,030 gpmSG 1SG 1Pump Eff 0.7Pump Eff 0.75.6 Hp 91 kWh/day 1914 Hp 31401 kWh/day$6,280 per dayPumping - Surface fresh 3" pipe 25' staticPumping - Surface Seawater 3" pipe 35' sPumping - Surface Seawater 3" pipe 35' staticTDH 47 feetTDH 57 feetTDH 120 feetflow 70 gpm flow 70 gpm flow 143 gpmSG 1 SG 1 SG 1Pump Eff 0.7 Pump Eff 0.7 Pump Eff 0.71.2 Hp 20 kWh/day 1.5 Hp 24 kWh/da6.2 Hp 101 kWh/day STATE OF ALASKA DEPARTMENT OF NATURAL RESOURCES DIVISION OF MINING, LAND & WATER Alaska Hydrologic Survey WATER WELL LOG Revised 08/18/2016 Drilling Started: ____/____/______ Completed: ____/____/_______ Pump Install:____/____/_______ City/Borough Subdivision Block Lot Property Owner Name & Address Well location:Latitude Longitude Meridian ____________ Township ______ Range _______ Section _______ , _____ 1/4 of _____ 1/4 of _____ 1/4 of _____ 1/4 BOREHOLE DATA:(from ground surface) Suggest T.M. Hanna https://my.ngwa.org/NC__Product?id=a185000000BYub3AAD Depth From To Drilling method:Air rotary, Cable tool, Other Well use:Public supply, Domestic, Reinjection, Hydrofracking Commercial, Observation/Monitoring, Test/Exploratory, Cooling, Irrigation/Agriculture, Grounding, Recharge/Aquifer Storage, Heating, Geothermal Exploration, Other Fluids used: Depth of hole: __________ ft Casing stickup: ___________ft Casing type: __________ Casing thickness: _________ inches Casing diameter: _________ inches Casing depth: __________ ft Liner type: _________ Depth: _____ ft Diameter: _____inches Note: Well intake opening type: Open end, Open hole, Other Screen type: _________, Screen mesh size: ____________ Screen start: ________ ft, Screen stop:________ ft, Perforated Yes No Perforation description: Perf from: ________ ft, Perf to: _______ft, Perf from: ________ ft, Perf to: ________ ft Gravel packed Yes No Gravel start: ______ ft , Gravel stop:______ ft Note: Static water (from top of casing): _______ ft on____/____/_____ Artesian well Pumping level & yield: ______ feet after _____ hours at _____ gpm Method of testing:__________________________________________ Development method:______________ Duration: ____________ Recovery rate: _________ gpm Grout type: _________________ Volume __________________ Depth: From ___________________ft, To ___________________ft Final pump intake depth: __________ ft Model: _______________ Pump size: _____________ hp Brand name: __________________ Include description or sketch of well location (include road names , buildings, etc.): Was well disinfected upon completion? Yes No Method of disinfection: Was water quality tested? Yes No Water quality parameters tested: Well driller name:.................................................................................. Company name: ................................................................................... Mailing address:.................................................................................... City: __________________________ State: AK Zip: ___________ Phone number: (________) ________- ______ Date: ______/______/_________ Anchorage Municipal Code 15.55.060(I) and North Pole Ordinance 13.32.030(D) require that a copy of this well log be submitted to the Development Services Department/City within 30 days of well completion. City Permit Number: _____________________________ Date of Issue: _____/____/_________ Parcel Identification Number: ______-_______-________ *Guide for Using the Hydrogeologic Classification System for Logging Water Well Boreholes by Thomas M. Hanna NGWA Press AS 41.08.020(b)(4) and AAC 11 AAC 93.140(a) require that a copy of the well log be submitted to the Department of Natural Resources within 45 days of well completion. Well logs may be submitted using the online well log reporting system available at: https://dnr.alaska.gov/welts/ OR email electronic well logs to dnr.water.reports@alaska.gov North STATE OF ALASKA DEPARTMENT OF NATURAL RESOURCES DIVISION OF MINING, LAND & WATER Alaska Hydrologic Survey WATER WELL LOG Revised 08/18/2016 Drilling Started: ____/____/______ Completed: ____/____/_______ Pump Install:____/____/_______ City/Borough Subdivision Block Lot Property Owner Name & Address Well location:Latitude Longitude Meridian ____________ Township ______ Range _______ Section _______ , _____ 1/4 of _____ 1/4 of _____ 1/4 of _____ 1/4 BOREHOLE DATA:(from ground surface) Suggest T.M. Hanna https://my.ngwa.org/NC__Product?id=a185000000BYub3AAD Depth From To Drilling method:Air rotary, Cable tool, Other Well use:Public supply, Domestic, Reinjection, Hydrofracking Commercial, Observation/Monitoring, Test/Exploratory, Cooling, Irrigation/Agriculture, Grounding, Recharge/Aquifer Storage, Heating, Geothermal Exploration, Other Fluids used: Depth of hole: __________ ft Casing stickup: ___________ft Casing type: __________ Casing thickness: _________ inches Casing diameter: _________ inches Casing depth: __________ ft Liner type: _________ Depth: _____ ft Diameter: _____inches Note: Well intake opening type: Open end, Open hole, Other Screen type: _________, Screen mesh size: ____________ Screen start: ________ ft, Screen stop:________ ft, Perforated Yes No Perforation description: Perf from: ________ ft, Perf to: _______ft, Perf from: ________ ft, Perf to: ________ ft Gravel packed Yes No Gravel start: ______ ft , Gravel stop:______ ft Note: Static water (from top of casing): _______ ft on____/____/_____ Artesian well Pumping level & yield: ______ feet after _____ hours at _____ gpm Method of testing:__________________________________________ Development method:______________ Duration: ____________ Recovery rate: _________ gpm Grout type: _________________ Volume __________________ Depth: From ___________________ft, To ___________________ft Final pump intake depth: __________ ft Model: _______________ Pump size: _____________ hp Brand name: __________________ Include description or sketch of well location (include road names , buildings, etc.): Was well disinfected upon completion? Yes No Method of disinfection: Was water quality tested? Yes No Water quality parameters tested: Well driller name:.................................................................................. Company name: ................................................................................... Mailing address:.................................................................................... City: __________________________ State: AK Zip: ___________ Phone number: (________) ________- ______ Date: ______/______/_________ Anchorage Municipal Code 15.55.060(I) and North Pole Ordinance 13.32.030(D) require that a copy of this well log be submitted to the Development Services Department/City within 30 days of well completion. City Permit Number: _____________________________ Date of Issue: _____/____/_________ Parcel Identification Number: ______-_______-________ *Guide for Using the Hydrogeologic Classification System for Logging Water Well Boreholes by Thomas M. Hanna NGWA Press AS 41.08.020(b)(4) and AAC 11 AAC 93.140(a) require that a copy of the well log be submitted to the Department of Natural Resources within 45 days of well completion. Well logs may be submitted using the online well log reporting system available at: https://dnr.alaska.gov/welts/ OR email electronic well logs to dnr.water.reports@alaska.gov North 1 From:Sherry, Patrick F (LAW) To:Davies, Stephen F (OGC) Cc:Coldiron, Samantha J (OGC) Subject:Re: Milne Point Unit Aquifer Exemption Order 2B - Questions for You Date:Tuesday, October 14, 2025 9:50:45 AM Attachments:image001.png Hi Steve, I think you should be able to consider them because they are part of our records since we have them. Do you need to update the draft you just sent me or is it ready for my review? Patrick F. Sherry Assistant Attorney General Alaska Department of Law 907-269-5573 From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Date: Tuesday, October 14, 2025 at 9:20ௗAM To: Sherry, Patrick F (LAW) <patrick.sherry@alaska.gov> Cc: Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: Milne Point Unit Aquifer Exemption Order 2B - Questions for You Hi Pat, I'm working on Hilcorp's Aquifer Exemption Order No. 2B (AEO 2B), which expands the Affected Area of the existing AEO 2. (Note that there is no AEO 2A: BP's 2002 application for that proposed expansion was withdrawn.) Hilcorp submitted an initial application back in April that based their requested exemption on the Total Dissolved Solids (TDS) concentration in the aquifers as being greater than 3,000 mg/l. But their argument was somewhat weak as the water sample set is limited in both number and in geographic extent (samples were few and from relatively few wells, and there are also a couple of samples that measured less than 3,000 mg/l). As part of that initial application, Hilcorp submitted a draft of EPA's extensive Aquifer Exemption Checklist that they had filled in. Hilcorp withdrew that application and in July submitted a second application that justifies the exemption primarily on economic grounds (aquifers at depths or locations that are uneconomic when compared to surface water sources). They also make a secondary argument that the average TDS concentration of the aquifers exceeds 3,000 mg/l. Hilcorp's second application does not include the water sample information or Hilcorp's draft EPA checklist. Those were received as attachments to an email in April (below) addressed to Chris, Andy, and me. Those attachments would be very helpful in support of the current order and the final version of EPA's checklist that I am filling out. So, my questions are: Can I consider these attachments to be part of the AEO 2B record and use the information contained in them to fill out the final version of EPA's checklist? If not, is the record closed, or could I ask Hilcorp to resubmit them as supplemental information for the record? Note that Hilcorp's EPA Checklist Figures are marked confidential, but their EPA Checklist final draft and water sample information are not. Cheers and Be Well, Steve CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. From:Graham Emerson To:Davies, Stephen F (OGC) Cc:Dewhurst, Andrew D (OGC); Wallace, Chris D (OGC); Taylor Wellman; Jamie Wilson Subject:AEO 2 expansion application Date:Tuesday, March 25, 2025 4:02:58 PM Hi Steve, We received your email (Friday 21st) on the Milne AEO 2 expansion and will send a response in the next week or so. We also got your Susan Dionne No 8 EPA correspondence and aquifer exemption checklist, thank for sending this along. There are differences between the Susan Dionne No 8 and the Milne AEO 2 situations. We will review the checklist document when submitting additional information, so thanks for this. We’ll be in touch as we move this AEO 2 application forward. Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC); Dewhurst, Andrew D (OGC) Cc:Wallace, Chris D (OGC); Taylor Wellman Subject:RE: [EXTERNAL] RE: AEO 2 expansion application Date:Wednesday, March 26, 2025 2:37:37 PM Steve, Andy, Thanks for your help on the R-105 PTD. I am reviewing the EPA checklist you provided and we have some questions. Can we arrange a time to discuss? The main issue is the defined exempted zone (2000’ TVD to 4500’ TVD for Top and Base respectively in well MPA-01(API 500292037600)) and the large AOI (100 sq miles+) and trying to answer the EPA questions that seem designed for discrete sands over a small structure (e.g. AEO-18 example). Example checklist question to discuss… Discuss the total dissolved solid (TDS) content of the aquifer, including the TDS at the top and bottom of the exempted zone, and the locations and depths of all fluids samples taken. all known subsurface structures such as faults affecting the aquifer, Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, March 26, 2025 8:00 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com> Subject: [EXTERNAL] RE: AEO 2 expansion application Hello Graham, You are correct: there are differences, but I sent EPA’s checklist and their follow-up questions so that your team is aware the amount of detail required by EPA for their review of AOGCC’s Susan Dionne 8 Aquifer Exemption Order (AEO 18) even though Hilcorp’s original application for that project was very well documented. By filling out and providing EPA’s checklist for the AEO 2 expansion, Hilcorp CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. will ensure that AOGCC and EPA receive adequate information to support the AEO 2 expansion application, which will greatly speed its review. Please let us know if you have any questions. Thanks for Your Help and Be Well, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Tuesday, March 25, 2025 4:03 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com> Subject: AEO 2 expansion application Hi Steve, We received your email (Friday 21st) on the Milne AEO 2 expansion and will send a response in the next week or so. We also got your Susan Dionne No 8 EPA correspondence and aquifer exemption checklist, thank for sending this along. There are differences between the Susan Dionne No 8 and the Milne AEO 2 situations. We will review the checklist document when submitting additional information, so thanks for this. We’ll be in touch as we move this AEO 2 application forward. Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC); Dewhurst, Andrew D (OGC) Cc:Wallace, Chris D (OGC); Taylor Wellman Subject:RE: [EXTERNAL] RE: AEO 2 expansion application Date:Wednesday, March 26, 2025 3:04:25 PM Sure Monday next week works between 1 and 4pm. Its just me wanting to have a phone call. We can make it a Teams call or I can drive down to your office if preferred. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, March 26, 2025 2:43 PM To: Graham Emerson <Graham.Emerson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov> Cc: Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Taylor Wellman <twellman@hilcorp.com> Subject: RE: [EXTERNAL] RE: AEO 2 expansion application Hi Graham, AOGCC’s calendar is open after 1 PM each day next week. Please provide a few suggested dates and times, so we can see what best fits everyone’s schedules. Thanks and Be Well, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Wednesday, March 26, 2025 2:37 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov> Cc: Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Taylor Wellman <twellman@hilcorp.com> Subject: RE: [EXTERNAL] RE: AEO 2 expansion application Steve, Andy, Thanks for your help on the R-105 PTD. I am reviewing the EPA checklist you provided and we have some questions. Can we arrange a time to discuss? CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. The main issue is the defined exempted zone (2000’ TVD to 4500’ TVD for Top and Base respectively in well MPA-01(API 500292037600)) and the large AOI (100 sq miles+) and trying to answer the EPA questions that seem designed for discrete sands over a small structure (e.g. AEO-18 example). Example checklist question to discuss… Discuss the total dissolved solid (TDS) content of the aquifer, including the TDS at the top and bottom of the exempted zone, and the locations and depths of all fluids samples taken. all known subsurface structures such as faults affecting the aquifer, Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, March 26, 2025 8:00 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com> Subject: [EXTERNAL] RE: AEO 2 expansion application Hello Graham, You are correct: there are differences, but I sent EPA’s checklist and their follow-up questions so that your team is aware the amount of detail required by EPA for their review of AOGCC’s Susan Dionne 8 Aquifer Exemption Order (AEO 18) even though Hilcorp’s original application for that project was very well documented. By filling out and providing EPA’s checklist for the AEO 2 expansion, Hilcorp will ensure that AOGCC and EPA receive adequate information to support the AEO 2 expansion application, which will greatly speed its review. Please let us know if you have any questions. Thanks for Your Help and Be Well, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Tuesday, March 25, 2025 4:03 PM CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com> Subject: AEO 2 expansion application Hi Steve, We received your email (Friday 21st) on the Milne AEO 2 expansion and will send a response in the next week or so. We also got your Susan Dionne No 8 EPA correspondence and aquifer exemption checklist, thank for sending this along. There are differences between the Susan Dionne No 8 and the Milne AEO 2 situations. We will review the checklist document when submitting additional information, so thanks for this. We’ll be in touch as we move this AEO 2 application forward. Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC) Cc:Wallace, Chris D (OGC); Taylor Wellman; Dewhurst, Andrew D (OGC) Subject:RE: [EXTERNAL] RE: AEO 2 expansion application Date:Thursday, March 27, 2025 4:48:53 PM Ha ha no problem Steve! I think we can hold off on the discussion next week for now. The team will progress a draft using the EPA checklist you provided and then get back to you all for comments and discussion. Thanks for all your responses and help over the last few weeks. Thanks Luke (Graham) From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Thursday, March 27, 2025 10:14 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Taylor Wellman <twellman@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov> Subject: RE: [EXTERNAL] RE: AEO 2 expansion application Graham (Luke): Sorry about that. You can call me Al… Too many things going on simultaneously. Cheers, Steve (Al) Davies AOGCC From: Davies, Stephen F (OGC) Sent: Thursday, March 27, 2025 6:54 AM To: Graham Emerson <Graham.Emerson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov> Cc: Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Taylor Wellman <twellman@hilcorp.com> Subject: RE: [EXTERNAL] RE: AEO 2 expansion application Hi Luke, CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. A Teams call is fine unless you prefer to drop by AOGCC’s office. Regards and Thanks, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Wednesday, March 26, 2025 3:04 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov> Cc: Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Taylor Wellman <twellman@hilcorp.com> Subject: RE: [EXTERNAL] RE: AEO 2 expansion application Sure Monday next week works between 1 and 4pm. Its just me wanting to have a phone call. We can make it a Teams call or I can drive down to your office if preferred. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, March 26, 2025 2:43 PM To: Graham Emerson <Graham.Emerson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov> Cc: Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Taylor Wellman <twellman@hilcorp.com> Subject: RE: [EXTERNAL] RE: AEO 2 expansion application Hi Graham, AOGCC’s calendar is open after 1 PM each day next week. Please provide a few suggested dates and times, so we can see what best fits everyone’s schedules. Thanks and Be Well, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Wednesday, March 26, 2025 2:37 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov> CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. Cc: Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Taylor Wellman <twellman@hilcorp.com> Subject: RE: [EXTERNAL] RE: AEO 2 expansion application Steve, Andy, Thanks for your help on the R-105 PTD. I am reviewing the EPA checklist you provided and we have some questions. Can we arrange a time to discuss? The main issue is the defined exempted zone (2000’ TVD to 4500’ TVD for Top and Base respectively in well MPA-01(API 500292037600)) and the large AOI (100 sq miles+) and trying to answer the EPA questions that seem designed for discrete sands over a small structure (e.g. AEO-18 example). Example checklist question to discuss… Discuss the total dissolved solid (TDS) content of the aquifer, including the TDS at the top and bottom of the exempted zone, and the locations and depths of all fluids samples taken. all known subsurface structures such as faults affecting the aquifer, Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, March 26, 2025 8:00 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com> Subject: [EXTERNAL] RE: AEO 2 expansion application Hello Graham, You are correct: there are differences, but I sent EPA’s checklist and their follow-up questions so that your team is aware the amount of detail required by EPA for their review of AOGCC’s Susan Dionne 8 Aquifer Exemption Order (AEO 18) even though Hilcorp’s original application for that project was very well documented. By filling out and providing EPA’s checklist for the AEO 2 expansion, Hilcorp will ensure that AOGCC and EPA receive adequate information to support the AEO 2 expansion application, which will greatly speed its review. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. Please let us know if you have any questions. Thanks for Your Help and Be Well, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Tuesday, March 25, 2025 4:03 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com> Subject: AEO 2 expansion application Hi Steve, We received your email (Friday 21st) on the Milne AEO 2 expansion and will send a response in the next week or so. We also got your Susan Dionne No 8 EPA correspondence and aquifer exemption checklist, thank for sending this along. There are differences between the Susan Dionne No 8 and the Milne AEO 2 situations. We will review the checklist document when submitting additional information, so thanks for this. We’ll be in touch as we move this AEO 2 application forward. Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. From:Graham Emerson To:Dewhurst, Andrew D (OGC); Davies, Stephen F (OGC) Subject:Diagram confidentiality clarification (EPA Aquifer Exemption) Date:Wednesday, April 2, 2025 6:02:03 PM Andy, Steve, We are almost ready to send over the EPA Aquifer Exemption Checklist with answers to the relevant sections. As part of our response, we have two seismically derived structural variance maps and a well correlation panel. I wanted to ensure these will be treated confidentially (i.e. not put in the public domain by AOGCC or EPA). As per previous discussion, my understanding is that only information that deals with the existence, absence, or level of contaminants in freshwater cannot be kept confidential as per reg https://www.akleg.gov/basis/aac.asp#20.25.537. Thanks in advance for your clarification. Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. From:Graham Emerson To:Davies, Stephen F (OGC); Dewhurst, Andrew D (OGC); Wallace, Chris D (OGC) Cc:Taylor Wellman; Jamie Wilson Subject:Milne AEO 2 EPA checklist responses Date:Thursday, April 3, 2025 4:56:36 PM Attachments:Aquifer Exemption Checklist_CONFIDENTIAL_Figures 2_5_6.pdf Aquifer_Exemption_Checklist_EPA_Final Draft_4.3.25.pdf MPU PW F-02.pdf MPU PW F-21.pdf MPU PW F-21_2.pdf MPU PW F-58.pdf MPU PW F-77.pdf MPU PW S-39.pdf Hi Steve, Andy, Chris, Please find attached the following related to the Milne AEO 2 expansion application. completed EPA Aquifer Exemption form with answers to key questions EPA Aquifer Exemption form figures requested to be held confidential 6x water sample lab reports (separate pdf files). * Note our lab could not generate reports for some of the 2006-2008 reports. Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? Please get back to us with any questions. Regards. Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC) Subject:RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Date:Friday, April 4, 2025 4:28:42 PM Thank you Steve. Have a good weekend. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Friday, April 4, 2025 6:32 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Subject: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, Q: Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? A: Yes, I’ll write the public notice later today and it should be published early next week. Please let me know if you have any further questions. Regards and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Thursday, April 3, 2025 4:56 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com> Subject: Milne AEO 2 EPA checklist responses Hi Steve, Andy, Chris, Please find attached the following related to the Milne AEO 2 expansion application. completed EPA Aquifer Exemption form with answers to key questions EPA Aquifer Exemption form figures requested to be held confidential 6x water sample lab reports (separate pdf files). * Note our lab could not generate reports for some of the 2006-2008 reports. Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? Please get back to us with any questions. Regards. Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. From:Davies, Stephen F (OGC) To:Osborne, Evan Cc:Wallace, Chris D (OGC); Dewhurst, Andrew D (OGC); Mayers, Timothy; Nickel, Brian Subject:RE: Milne AE expansion request Date:Thursday, April 24, 2025 10:32:00 AM Hello Evan, Thank you for your quick reply. I will phone you toward the middle of next week after I’ve had a chance to review further the operator’s application and supporting documents. My main concern at this point is whether the submitted information (e.g., number and spatial distribution of water laboratory analyses and well log analyses, etc.) is sufficient for a large, affected area expansion such as this. Are you available next Wednesday or Thursday afternoon for an informal 30-minute discussion? Thanks, Steve Davies AOGCC From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Thursday, April 24, 2025 9:29 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov>; Nickel, Brian <Nickel.Brian@epa.gov> Subject: Milne AE expansion request Hi Steve, We’re fully in support of improving the review process. For starters, it would be good to know more about the regulatory mechanism associated with the request as that would impact the final determination step; either EPA has a role as a required approver, or EPA is afforded the opportunity to deny the final request. This is determined by the supporting regulations underpinning the request. SD-8 required EPA’s explicit approval as a non-substantial program revision since it was requested under 40 CFR 146.4 (a) & (b). If this request is submitted under 146.4(a) & (c), the process is different. Review 40 CFR 144.7(b)(3)(ii) and 40 CFR 146.4. Regardless, EPA has a role as a reviewer and would need to find the request sufficient. Here is my proposed, draft schedule. Please take a look and send me any edits/thoughts. The estimated dates will need to be tweaked, I bet. Event Description Est. Time Needed Est. Date Draft Submission AOGCC prepares draft AE record of decision. Submits to EPA for review ? 5/9/25 First Review EPA reviews, prepares comments, and responds. Three weeks 5/30/25 First Response (if needed). AOGCC prepares responses to EPA’s comments (“First Round of Comments”) Two weeks 6/13/25 Second Response (if needed). EPA reviews, provides further comments. One-to-two weeks 6/27/11 Draft-Final Submission AOGCC finalizes, submits to EPA for approval One-to-two weeks 7/11/25 Final Determination EPA Reviews, makes final determination Two weeks End of July A couple related thoughts: I recommend holding the hearing as late in the process as you’re able, in case any significant changes are incorporated into the proposal on account of EPA’s comments. I don’t see an issue with conducting the hearing as some point during our review cycle, though. As for confidential information sharing – I am not going to be much help at this point. I would rely on your legal team to determine your information-sharing restrictions. We have our own requirements for handling confidential information and, once we get to that point, I would rely on our counsel. My suggestion is a kick-off call in the next week or two to discuss further and confirm a proposed schedule. Send me your thoughts. Best, Evan From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Caution: This email originated from outside EPA, please exercise additional caution when deciding whether to open attachments or click on provided links. Sent: Thursday, April 24, 2025 9:39 AM To: Osborne, Evan <Osborne.Evan@epa.gov> Cc: chris.wallace@alaska.gov; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov> Subject: RE: EPA approval of AEO 18 Hi Evan, You may be out of the office, so I thought I’d drop you an email concerning an operator’s application to expand the affected area for the Aquifer Exemption for Milne Point Unit, which lies along Alaska’s northern coastline. Since the review process by AOGCC and EPA for the Aquifer Exemption for the Susan Dionne No. 8 disposal well on the Kenai Peninsula of Alaska took such a long time, and required much back-and-forth communication, I thought I’d seek your ideas on if and how we could possibly work together to shorten the decision time frame. AOGCC has received the operator’s application, and we have scheduled a public hearing for June 10th. The operator also provided a draft copy of EPA’s Aquifer Exemption checklist along with several illustrations that are marked as being confidential. I don’t believe that there are any problems with my sharing the non-confidential portions of the application and the checklist with you for your initial comments. I can also generate several illustrations using non-confidential well data that can be used in place of those marked as confidential by the operator. Does this sound reasonable? If so, any other suggestions you may have to streamline the decision process and shorten the associated timeline would be appreciated. Thanks and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From:Davies, Stephen F (OGC) To:Osborne, Evan; Davies, Stephen F (OGC) Subject:Milne Point Unit - Aquifer Exemption Area Expansion Start:Wednesday, April 30, 2025 1:00:00 PM End:Wednesday, April 30, 2025 2:00:00 PM Location:Microsoft Teams Meeting Teams meeting to discuss informally streamlining AOGCC & EPA review process. ______________________________________________________________________________ Microsoft Teams Need help? <https://aka.ms/JoinTeamsMeeting?omkt=en-US> Join the meeting now <https://teams.microsoft.com/l/meetup- join/19%3ameeting_ZWQzMTIxZTMtYTIxYi00MmM4LTlmZGQtNTk5MmQ4NjBkNzUw%40thread.v2/0? context=%7b%22Tid%22%3a%2220030bf6-7ad9-42f7-9273-59ea83fcfa38%22%2c%22Oid%22%3a%227972f72b-0f96-4d59-a3e5- f02bd333ec8b%22%7d> Meeting ID: 292 872 909 818 8 Passcode: WP2GS2DQ ________________________________ Dial in by phone +1 907-202-7104,,750893634# <tel:+19072027104,,750893634> United States, Anchorage Find a local number <https://dialin.teams.microsoft.com/a7c6f1f8-9696-4a81-8a24-ce086d6f3d6b?id=750893634> Phone conference ID: 750 893 634# Join on a video conferencing device Tenant key: 260748889@t.plcm.vc Video ID: 116 621 266 9 More info <https://dialin.plcm.vc/teams/?key=260748889&conf=1166212669> For organizers: Meeting options <https://teams.microsoft.com/meetingOptions/?organizerId=7972f72b-0f96-4d59-a3e5- f02bd333ec8b&tenantId=20030bf6-7ad9-42f7-9273- 59ea83fcfa38&threadId=19_meeting_ZWQzMTIxZTMtYTIxYi00MmM4LTlmZGQtNTk5MmQ4NjBkNzUw@thread.v2&messageId=0&language=en- US> | Reset dial-in PIN <https://dialin.teams.microsoft.com/usp/pstnconferencing> ________________________________________________________________________________ ________________________________________________________________________________ Microsoft Teams Need help? <https://aka.ms/JoinTeamsMeeting?omkt=en-US> Join the meeting now <https://teams.microsoft.com/l/meetup- join/19%3ameeting_MmRmOGE2ZjQtMDVjYS00MjdhLWE2Y2QtZDIzZjgzMDk5YmU3%40thread.v2/0? context=%7b%22Tid%22%3a%2220030bf6-7ad9-42f7-9273-59ea83fcfa38%22%2c%22Oid%22%3a%227972f72b-0f96-4d59-a3e5- f02bd333ec8b%22%7d> Meeting ID: 261 478 970 413 8 Passcode: am6Gx2u3 ________________________________ Dial in by phone +1 907-202-7104,,209200914# <tel:+19072027104,,209200914> United States, Anchorage Find a local number <https://dialin.teams.microsoft.com/a7c6f1f8-9696-4a81-8a24-ce086d6f3d6b?id=209200914> Phone conference ID: 209 200 914# Join on a video conferencing device Tenant key: 260748889@t.plcm.vc Video ID: 117 339 042 3 More info <https://dialin.plcm.vc/teams/?key=260748889&conf=1173390423> For organizers: Meeting options <https://teams.microsoft.com/meetingOptions/?organizerId=7972f72b-0f96-4d59-a3e5- f02bd333ec8b&tenantId=20030bf6-7ad9-42f7-9273- 59ea83fcfa38&threadId=19_meeting_MmRmOGE2ZjQtMDVjYS00MjdhLWE2Y2QtZDIzZjgzMDk5YmU3@thread.v2&messageId=0&language=en- US> | Reset dial-in PIN <https://dialin.teams.microsoft.com/usp/pstnconferencing> ________________________________________________________________________________ Caution: This email originated from outside EPA, please exercise additional caution when deciding whether to open attachments or click on provided links. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. From:Davies, Stephen F (OGC) To:Osborne, Evan Subject:RE: Milne Point Unit - Aquifer Exemption Area Expansion Date:Tuesday, April 29, 2025 8:30:00 AM Evan, Sure, 1 PM Alaska time is fine with me. Thanks, Steve From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Tuesday, April 29, 2025 8:26 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: Milne Point Unit - Aquifer Exemption Area Expansion Hi Steve, Could we move this to 1PM or 2PM AKST? If not, no worries – we’ll keep the current time. Evan -----Original Appointment----- From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Thursday, April 24, 2025 12:15 PM To: Davies, Stephen F (OGC); Osborne, Evan Subject: Milne Point Unit - Aquifer Exemption Area Expansion When: Wednesday, April 30, 2025 9:00 AM-10:00 AM (UTC-09:00) Alaska. Where: Microsoft Teams Meeting Teams meeting to discuss informally streamlining AOGCC & EPA review process. ______________________________________________________________________________ Microsoft Teams Need help? Join the meeting now Meeting ID: 292 872 909 818 8 Passcode: WP2GS2DQ Dial in by phone +1 907-202-7104,,750893634# United States, Anchorage Find a local number Phone conference ID: 750 893 634# Join on a video conferencing device Tenant key: 260748889@t.plcm.vc Video ID: 116 621 266 9 More info For organizers: Meeting options | Reset dial-in PIN ________________________________________________________________________________ ________________________________________________________________________________ Microsoft Teams Need help? Join the meeting now Meeting ID: 261 478 970 413 8 Passcode: am6Gx2u3 Dial in by phone +1 907-202-7104,,209200914# United States, Anchorage Find a local number Phone conference ID: 209 200 914# Join on a video conferencing device Tenant key: 260748889@t.plcm.vc Video ID: 117 339 042 3 More info For organizers: Meeting options | Reset dial-in PIN ________________________________________________________________________________ From:Davies, Stephen F (OGC) To:Jamie Wilson Cc:Taylor Wellman; Dewhurst, Andrew D (OGC); Wallace, Chris D (OGC); Coldiron, Samantha J (OGC); Graham Emerson Subject:RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Date:Wednesday, May 7, 2025 1:16:00 PM Attachments:image001.png image002.png Hello Jaime, Samantha passed your inquiry along to me. I have also spoken with Evan Osborne at EPA Region 10 about the review process for Hilcorp’s proposed MPU aquifer exemption expansion and how AOGCC and EPA can work together to streamline that process. Here’s a progress report. Yesterday, I sent the email attached below to Graham Emerson, asking about TDS concentrations within the proposed expansion area, whether any water samples have measured less than 3000 mg/L, what method was used to convert the “salinity” values reported in the table below (some of which are listed as less than 3.0 parts per thousand!) are converted to equivalent TDS values expressed in units of ppm, and how reliable that conversion method is. This is important because if any of those TDS concentrations are less than 3,000 mg/L, that may determine whether EPA classifies this as a “substantial” or a “non-substantial” exemption. When we spoke last week, Evan was going to check with EPA headquarters since non-substantial exemptions are relatively uncommon, and he said he would phone me later this week. AOGCC did not receive a request to hold the hearing by the deadline on April 25th, and we have not yet received any public comments. The public comment period ends at 4:30 pm on May 13th. Once I receive Graham’s reply, I’ll talk with Evan again about the best path forward and begin writing the draft order, which I will finish after the public comment period ends. If that order is approved by AOGCC’s Commissioners, I will submit a copy of the order to EPA Region 10 along with Hilcorp’s application and supporting documents. In the meantime, I have not yet submitted anything to EPA. One complication is that several of the displays accompanying Hilcorp’s application are marked as being Confidential. I see these options: Hilcorp can submit confidential supporting information directly to EPA Region 10, Hilcorp can rescind the claim of confidentiality for some or all of those displays, or Hilcorp could provide revised displays for the public record. Please let me know your thoughts and preferences. Regards and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Davies, Stephen F (OGC) Sent: Tuesday, May 6, 2025 9:39 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, I’m working again on Hilcorp’s Aquifer Exemption Expansion for Milne Point Unit. The public hearing has been scheduled for June 10th, as noted on AOGCC’s website. I have a question regarding total dissolved solids content of the native formation water samples. I notice that several of these samples have “salinity” values of less than 3.0 parts per thousand (below), which is a criteria in AOGCC’s regulations governing freshwater aquifer exemptions. Regulation 20 AAC 25.440(a)(2) states: “the total dissolved solids content of the ground water is more than 3,000 and less than 10,000 mg/l, and it is not reasonably expected to supply a public water system.” Questions: Could you please provide further detail concerning how salinity values are converted to equivalent total dissolved solids values? What is the basis for this conversion? How reliable are the results? In other words, what is the uncertainty range? Have any water samples from within the MPU or the proposed expansion area yielded total dissolved solids values less than 3,000 ppm? If so, could you please provide details? Thanks and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Friday, April 4, 2025 4:29 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Thank you Steve. Have a good weekend. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Friday, April 4, 2025 6:32 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Subject: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, Q: Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? A: Yes, I’ll write the public notice later today and it should be published early next week. Please let me know if you have any further questions. Regards and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Thursday, April 3, 2025 4:56 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com> Subject: Milne AEO 2 EPA checklist responses Hi Steve, Andy, Chris, Please find attached the following related to the Milne AEO 2 expansion application. completed EPA Aquifer Exemption form with answers to key questions EPA Aquifer Exemption form figures requested to be held confidential 6x water sample lab reports (separate pdf files). * Note our lab could not generate reports for some of the 2006-2008 reports. Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? Please get back to us with any questions. Regards. Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC); Jamie Wilson Cc:Taylor Wellman; Dewhurst, Andrew D (OGC); Wallace, Chris D (OGC); Coldiron, Samantha J (OGC) Subject:RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Date:Wednesday, May 7, 2025 1:24:29 PM Attachments:image004.png image005.png Hi Steve, Thanks for the background on the AEO 2 application. I just got back from a slope trip this morning and I have been catching up on various items. I will address your email soon. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, May 7, 2025 1:16 PM To: Jamie Wilson <jamie.wilson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov>; Graham Emerson <Graham.Emerson@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Jaime, Samantha passed your inquiry along to me. I have also spoken with Evan Osborne at EPA Region 10 about the review process for Hilcorp’s proposed MPU aquifer exemption expansion and how AOGCC and EPA can work together to streamline that process. Here’s a progress report. Yesterday, I sent the email attached below to Graham Emerson, asking about TDS concentrations within the proposed expansion area, whether any water samples have measured less than 3000 mg/L, what method was used to convert the “salinity” values reported in the table below (some of which are listed as less than 3.0 parts per thousand!) are converted to equivalent TDS values expressed in units of ppm, and how reliable that conversion method is. This is important because if any of those TDS concentrations are less than 3,000 mg/L, that may determine whether EPA classifies this as a “substantial” or a “non-substantial” exemption. When we spoke last week, Evan was going to check with EPA headquarters since non-substantial exemptions are relatively uncommon, and he said he would phone me later this week. AOGCC did not receive a request to hold the hearing by the deadline on April 25th, and we have not yet received any public comments. The public comment period ends at 4:30 pm on May 13th. Once I receive Graham’s reply, I’ll talk with Evan again about the best path forward and begin writing the draft order, which I will finish after the public comment period ends. If that order is approved by AOGCC’s Commissioners, I will submit a copy of the order to EPA Region 10 along with Hilcorp’s application and supporting documents. In the meantime, I have not yet submitted anything to EPA. One complication is that several of the displays accompanying Hilcorp’s application are marked as being Confidential. I see these options: Hilcorp can submit confidential supporting information directly to EPA Region 10, Hilcorp can rescind the claim of confidentiality for some or all of those displays, or Hilcorp could provide revised displays for the public record. Please let me know your thoughts and preferences. Regards and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Davies, Stephen F (OGC) Sent: Tuesday, May 6, 2025 9:39 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, I’m working again on Hilcorp’s Aquifer Exemption Expansion for Milne Point Unit. The public hearing has been scheduled for June 10th, as noted on AOGCC’s website. I have a question regarding total dissolved solids content of the native formation water samples. I notice that several of these samples have “salinity” values of less than 3.0 parts per thousand (below), which is a criteria in AOGCC’s regulations governing freshwater aquifer exemptions. Regulation 20 AAC 25.440(a)(2) states: “the total dissolved solids content of the ground water is more than 3,000 and less than 10,000 mg/l, and it is not reasonably expected to supply a public water system.” Questions: Could you please provide further detail concerning how salinity values are converted to equivalent total dissolved solids values? What is the basis for this conversion? How reliable are the results? In other words, what is the uncertainty range? Have any water samples from within the MPU or the proposed expansion area yielded total dissolved solids values less than 3,000 ppm? If so, could you please provide details? CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. Thanks and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Friday, April 4, 2025 4:29 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Thank you Steve. Have a good weekend. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Friday, April 4, 2025 6:32 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Subject: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, Q: Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? A: Yes, I’ll write the public notice later today and it should be published early next week. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. Please let me know if you have any further questions. Regards and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Thursday, April 3, 2025 4:56 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com> Subject: Milne AEO 2 EPA checklist responses Hi Steve, Andy, Chris, Please find attached the following related to the Milne AEO 2 expansion application. completed EPA Aquifer Exemption form with answers to key questions EPA Aquifer Exemption form figures requested to be held confidential 6x water sample lab reports (separate pdf files). * Note our lab could not generate reports for some of the 2006-2008 reports. Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? Please get back to us with any questions. Regards. Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. From:Davies, Stephen F (OGC) To:Osborne, Evan Cc:Nickel, Brian; Mayers, Timothy Subject:RE: AE next steps Date:Thursday, May 8, 2025 8:28:00 AM Hi Evan, “I hope you’re able to make this clear in your conversations with Hilcorp.” Yes, I did. In an email, I asked them their thoughts on how to best handle the confidential materials: Hilcorp will transmit them directly to EPA, Hilcorp will declassify them, or Hilcorp will provide similar, non-confidential displays. I have not heard back from them. Friday is my flex day, so are you all available on Monday 1:30 PM AK, 2:30 PM Seattle? Thanks, Steve Davies AOGCC From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Thursday, May 8, 2025 8:07 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: AE next steps Steve, I heard from Jamie Wilson at Hilcorp regarding their AE application, and he’s keenly interested in the state of the EPA’s review. As you know, we’re not reviewing the application/draft decision at this point and we haven’t received any materials related to the request. I hope you’re able to make this clear in your conversations with Hilcorp. I’ll be meeting with our HQ office today to gain additional guidance on how to handle a request like the one sought by Hilcorp. Expectation is that, after that meeting, I’ll have feedback for you on how best to prepare and submit draft materials for our review. Why don’t we meet either Friday or early next week to discuss next steps. I’m free all day Friday and Monday, 8-4PM AKST. What works for you? Evan Evan Osborne U.S. EPA Region 10 Underground Injection Control Program ph. 206-553-1747 Caution: This email originated from outside EPA, please exercise additional caution when deciding whether to open attachments or click on provided links. From:Davies, Stephen F (OGC) To:Osborne, Evan Cc:Nickel, Brian; Mayers, Timothy Subject:RE: AE next steps Date:Monday, May 12, 2025 10:00:00 AM Evan, I have not heard from the operator’s representative regarding TDS values. In an email received last Wednesday, he said he’d just returned from the North Slope, had several items to catch up on, and he would address my questions “soon.” The time frames that you discussed in your email of April 24th seem reasonable, but the estimated dates will obviously slip by a month or two. So, to make for a more productive discussion, I propose postponing today’s conference call until I have further information from the operator. Thoughts? Thanks, Steve Davies AOGCC From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Thursday, May 8, 2025 10:09 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps Thanks for working that through – we will wait to hear more re: CBI. That time on Monday works well. I’ll send an invite. Evan From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Thursday, May 08, 2025 9:29 AM To: Osborne, Evan <Osborne.Evan@epa.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. Hi Evan, “I hope you’re able to make this clear in your conversations with Hilcorp.” Yes, I did. In an email, I asked them their thoughts on how to best handle the confidential materials: Hilcorp will transmit them directly to EPA, Hilcorp will declassify them, or Hilcorp will provide similar, non-confidential displays. I have not heard back from them. Friday is my flex day, so are you all available on Monday 1:30 PM AK, 2:30 PM Seattle? Thanks, Steve Davies AOGCC From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Thursday, May 8, 2025 8:07 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: AE next steps Steve, I heard from Jamie Wilson at Hilcorp regarding their AE application, and he’s keenly interested in the state of the EPA’s review. As you know, we’re not reviewing the application/draft decision at this point and we haven’t received any materials related to the request. I hope you’re able to make this clear in your conversations with Hilcorp. I’ll be meeting with our HQ office today to gain additional guidance on how to handle a request like the one sought by Hilcorp. Expectation is that, after that meeting, I’ll have feedback for you on how best to prepare and submit draft materials for our review. Why don’t we meet either Friday or early next week to discuss next steps. I’m free all day Friday and Monday, 8-4PM AKST. What works for you? Evan Evan Osborne U.S. EPA Region 10 Underground Injection Control Program ph. 206-553-1747 CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC) Cc:Taylor Wellman; Jamie Wilson; Dewhurst, Andrew D (OGC); Wallace, Chris D (OGC); Coldiron, Samantha J (OGC) Subject:RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Date:Monday, May 12, 2025 10:52:28 AM Attachments:image001.png image002.png image003.png Hi Steve, Various team members were out of the office and so it has taken us a few days to respond to your email questions. We have attempted to answer your questions in the blue text below. Regarding your comment on confidential materials (email 5/7/2025). I can propose that Hilcorp submit the confidential slides directly to the EPA. We may want to discuss this further on the phone as to who to contact and the appropriate time to do this. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Tuesday, May 6, 2025 9:39 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, I’m working again on Hilcorp’s Aquifer Exemption Expansion for Milne Point Unit. The public hearing has been scheduled for June 10th, as noted on AOGCC’s website. I have a question regarding total dissolved solids content of the native formation water samples. I notice that several of these samples have “salinity” values of less than 3.0 parts per thousand (below), which is a criteria in AOGCC’s regulations governing freshwater aquifer exemptions. Regulation 20 AAC 25.440(a)(2) states: “the total dissolved solids content of the ground water is more than 3,000 and less than 10,000 mg/l, and it is not reasonably expected to supply a public water system.” Questions: Could you please provide further detail concerning how salinity values are converted to equivalent total dissolved solids values? In some wells we have measured salinity and measured Total Dissolved Solids (TDS) from the same water sample. For our log based method for deriving NaCl salinity, I have used an empirically derived scalar to go from salinity to TDS. This averages out to be a scalar of 1/0.65 to go from salinity to TDS. This is shown in the table I provided (Table 6 in the EPA checklist document). My scalar is explained in the EPA Checklist document. Uncertainty exists for sure, however, there is a significant difference between TDS in our samples and salinity (as shown in the field data). What is the basis for this conversion? As above. How reliable are the results? In other words, what is the uncertainty range? I reached out to our Prudhoe lab and our in house Chemical team. Their commentary is below regarding salinity and TDS measurement uncertainty. ‘I think the results are reliable because the lab follows a QC check. Standards are run before a sample is measured for TDS. If the result is not within +/- 5% of the expected value of the standard, the solution is evaluated for its viability and/or the instrument may need to be calibrated.’ Additional commentary. ‘We QC with 4 different concentration standards before each run that must fall within +/- 5%’. Regarding the salinity to TDS methodology for log based data. There is uncertainty in this approach, but it is deemed a reasonable, practical way of using field observations for going from salinity to TDS. Have any water samples from within the MPU or the proposed expansion area yielded total dissolved solids values less than 3,000 ppm? After thoroughly reviewing our data, we found two additional water samples from 2024 (not previously provided). They are shown in the table below (MPF-02 and MPF-21). In well MPF-02, we have two samples in our database. The recent sample from 2024 shows a TDS of 2916 (ppm). The original sample in our database that was taken (already provided) has a TDS of 3160 (ppm). The average of the two is > 3000 (ppm). There is no other data we have that shows a TDS <3000 ppm in MPU wells. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. If so, could you please provide details? Thanks and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Friday, April 4, 2025 4:29 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Thank you Steve. Have a good weekend. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Friday, April 4, 2025 6:32 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Subject: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, Q: Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? A: Yes, I’ll write the public notice later today and it should be published early next week. Please let me know if you have any further questions. Regards and Be Well, Steve Davies Senior Petroleum Geologist CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Thursday, April 3, 2025 4:56 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com> Subject: Milne AEO 2 EPA checklist responses Hi Steve, Andy, Chris, Please find attached the following related to the Milne AEO 2 expansion application. completed EPA Aquifer Exemption form with answers to key questions EPA Aquifer Exemption form figures requested to be held confidential 6x water sample lab reports (separate pdf files). * Note our lab could not generate reports for some of the 2006-2008 reports. Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? Please get back to us with any questions. Regards. Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. Caution: This email originated from outside EPA, please exercise additional caution when From:Davies, Stephen F (OGC) To:Osborne, Evan Cc:Nickel, Brian; Mayers, Timothy Subject:RE: AE next steps Date:Monday, May 12, 2025 12:29:00 PM Hi Evan, That sounds fine. Are you all available next week? Thanks, Steve Davies AOGCC From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Monday, May 12, 2025 10:34 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps That sounds good, Steve. To help eliminate some red tape on this, how about we meet with everyone? That’d be: -AOGCC -EPA Region 10 -EPA HQ policy folks -Hilcorp We would discuss Hilcorp’s request and the requirements that apply to various scenarios; this could involve TDS, size of the expansion, number of injection wells captured within that area, etc. I always try to avoid having work turn into a game of Telephone. Thoughts? Evan From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Monday, May 12, 2025 11:00 AM To: Osborne, Evan <Osborne.Evan@epa.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps Caution: This email originated from outside EPA, please exercise additional caution when deciding whether to open attachments or click on provided links. deciding whether to open attachments or click on provided links. Evan, I have not heard from the operator’s representative regarding TDS values. In an email received last Wednesday, he said he’d just returned from the North Slope, had several items to catch up on, and he would address my questions “soon.” The time frames that you discussed in your email of April 24th seem reasonable, but the estimated dates will obviously slip by a month or two. So, to make for a more productive discussion, I propose postponing today’s conference call until I have further information from the operator. Thoughts? Thanks, Steve Davies AOGCC From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Thursday, May 8, 2025 10:09 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps Thanks for working that through – we will wait to hear more re: CBI. That time on Monday works well. I’ll send an invite. Evan From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Thursday, May 08, 2025 9:29 AM To: Osborne, Evan <Osborne.Evan@epa.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps Hi Evan, CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. “I hope you’re able to make this clear in your conversations with Hilcorp.” Yes, I did. In an email, I asked them their thoughts on how to best handle the confidential materials: Hilcorp will transmit them directly to EPA, Hilcorp will declassify them, or Hilcorp will provide similar, non-confidential displays. I have not heard back from them. Friday is my flex day, so are you all available on Monday 1:30 PM AK, 2:30 PM Seattle? Thanks, Steve Davies AOGCC From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Thursday, May 8, 2025 8:07 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: AE next steps Steve, I heard from Jamie Wilson at Hilcorp regarding their AE application, and he’s keenly interested in the state of the EPA’s review. As you know, we’re not reviewing the application/draft decision at this point and we haven’t received any materials related to the request. I hope you’re able to make this clear in your conversations with Hilcorp. I’ll be meeting with our HQ office today to gain additional guidance on how to handle a request like the one sought by Hilcorp. Expectation is that, after that meeting, I’ll have feedback for you on how best to prepare and submit draft materials for our review. Why don’t we meet either Friday or early next week to discuss next steps. I’m free all day Friday and Monday, 8-4PM AKST. What works for you? Evan Evan Osborne U.S. EPA Region 10 Underground Injection Control Program ph. 206-553-1747 Caution: This email originated from outside EPA, please exercise additional caution when deciding whether to open attachments or click on provided links. From:Davies, Stephen F (OGC) To:Osborne, Evan Cc:Nickel, Brian; Mayers, Timothy Subject:RE: AE next steps Date:Monday, May 12, 2025 12:36:00 PM Evan, Next Tuesday would work best for me. Let me check with Hilcorp to see their availability. Thanks, Steve From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Monday, May 12, 2025 12:35 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps Here are two good windows: Thursday, May 15 at 10AM AKST Tuesday, May 20, 11:30-1 PM AKST Evan From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Monday, May 12, 2025 1:29 PM To: Osborne, Evan <Osborne.Evan@epa.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps Hi Evan, That sounds fine. Are you all available next week? Thanks, Steve Davies AOGCC Caution: This email originated from outside EPA, please exercise additional caution when deciding whether to open attachments or click on provided links. From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Monday, May 12, 2025 10:34 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps That sounds good, Steve. To help eliminate some red tape on this, how about we meet with everyone? That’d be: -AOGCC -EPA Region 10 -EPA HQ policy folks -Hilcorp We would discuss Hilcorp’s request and the requirements that apply to various scenarios; this could involve TDS, size of the expansion, number of injection wells captured within that area, etc. I always try to avoid having work turn into a game of Telephone. Thoughts? Evan From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Monday, May 12, 2025 11:00 AM To: Osborne, Evan <Osborne.Evan@epa.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps Evan, I have not heard from the operator’s representative regarding TDS values. In an email received last Wednesday, he said he’d just returned from the North Slope, had several items to catch up on, and he would address my questions “soon.” The time frames that you discussed in your email of April 24th seem reasonable, but the estimated dates will obviously slip by a month or two. So, to make for a more productive discussion, I propose postponing today’s conference call until I have further information from the operator. Caution: This email originated from outside EPA, please exercise additional caution when deciding whether to open attachments or click on provided links. Thoughts? Thanks, Steve Davies AOGCC From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Thursday, May 8, 2025 10:09 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps Thanks for working that through – we will wait to hear more re: CBI. That time on Monday works well. I’ll send an invite. Evan From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Thursday, May 08, 2025 9:29 AM To: Osborne, Evan <Osborne.Evan@epa.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps Hi Evan, “I hope you’re able to make this clear in your conversations with Hilcorp.” Yes, I did. In an email, I asked them their thoughts on how to best handle the confidential materials: Hilcorp will transmit them directly to EPA, Hilcorp will declassify them, or Hilcorp will provide similar, non-confidential displays. I have not heard back from them. Friday is my flex day, so are you all available on Monday 1:30 PM AK, 2:30 PM Seattle? Thanks, Steve Davies AOGCC From: Osborne, Evan <Osborne.Evan@epa.gov> CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. Sent: Thursday, May 8, 2025 8:07 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: AE next steps Steve, I heard from Jamie Wilson at Hilcorp regarding their AE application, and he’s keenly interested in the state of the EPA’s review. As you know, we’re not reviewing the application/draft decision at this point and we haven’t received any materials related to the request. I hope you’re able to make this clear in your conversations with Hilcorp. I’ll be meeting with our HQ office today to gain additional guidance on how to handle a request like the one sought by Hilcorp. Expectation is that, after that meeting, I’ll have feedback for you on how best to prepare and submit draft materials for our review. Why don’t we meet either Friday or early next week to discuss next steps. I’m free all day Friday and Monday, 8-4PM AKST. What works for you? Evan Evan Osborne U.S. EPA Region 10 Underground Injection Control Program ph. 206-553-1747 CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Davies, Stephen F (OGC) To:Graham Emerson Cc:Taylor Wellman; Jamie Wilson; Dewhurst, Andrew D (OGC); Wallace, Chris D (OGC); Coldiron, Samantha J (OGC) Subject:RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Date:Monday, May 12, 2025 12:44:00 PM Attachments:image001.png image002.png image003.png Graham, Would you and your technical team be available for a Teams Meeting Tuesday, May 20, 11:30-1 PM AKST with Evan Osborne and Brian Nickel of EPA Region 10 and possibly some of EPA’s policy folks to discuss TDS, size of the expansion, number of injection wells captured within the proposed expansion area, confidential documents, and so on? Thanks, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Monday, May 12, 2025 10:52 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hi Steve, Various team members were out of the office and so it has taken us a few days to respond to your email questions. We have attempted to answer your questions in the blue text below. Regarding your comment on confidential materials (email 5/7/2025). I can propose that Hilcorp submit the confidential slides directly to the EPA. We may want to discuss this further on the phone as to who to contact and the appropriate time to do this. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Tuesday, May 6, 2025 9:39 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, I’m working again on Hilcorp’s Aquifer Exemption Expansion for Milne Point Unit. The public hearing has been scheduled for June 10th, as noted on AOGCC’s website. I have a question regarding total dissolved solids content of the native formation water samples. I notice that several of these samples have “salinity” values of less than 3.0 parts per thousand (below), which is a criteria in AOGCC’s regulations governing freshwater aquifer exemptions. Regulation 20 AAC 25.440(a)(2) states: “the total dissolved solids content of the ground water is more than 3,000 and less than 10,000 mg/l, and it is not reasonably expected to supply a public water system.” Questions: Could you please provide further detail concerning how salinity values are converted to equivalent total dissolved solids values? In some wells we have measured salinity and measured Total Dissolved Solids (TDS) from the same water sample. For our log based method for deriving NaCl salinity, I have used an empirically derived scalar to go from salinity to TDS. This averages out to be a scalar of 1/0.65 to go from salinity to TDS. This is shown in the table I provided (Table 6 in the EPA checklist document). My scalar is explained in the EPA Checklist document. Uncertainty exists for sure, however, there is a significant difference between TDS in our samples and salinity (as shown in the field data). What is the basis for this conversion? As above. How reliable are the results? In other words, what is the uncertainty range? I reached out to our Prudhoe lab and our in house Chemical team. Their commentary is below regarding salinity and TDS measurement uncertainty. ‘I think the results are reliable because the lab follows a QC check. Standards are run before a sample is measured for TDS. If the result is not within +/- 5% of the expected value of the standard, the solution is evaluated for its viability and/or the instrument may need to be calibrated.’ Additional commentary. ‘We QC with 4 different concentration standards before each run that must fall within +/- 5%’. Regarding the salinity to TDS methodology for log based data. There is uncertainty in this approach, but it is deemed a reasonable, practical way of using field observations for going from CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. salinity to TDS. Have any water samples from within the MPU or the proposed expansion area yielded total dissolved solids values less than 3,000 ppm? After thoroughly reviewing our data, we found two additional water samples from 2024 (not previously provided). They are shown in the table below (MPF-02 and MPF-21). In well MPF-02, we have two samples in our database. The recent sample from 2024 shows a TDS of 2916 (ppm). The original sample in our database that was taken (already provided) has a TDS of 3160 (ppm). The average of the two is > 3000 (ppm). There is no other data we have that shows a TDS <3000 ppm in MPU wells. If so, could you please provide details? Thanks and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Friday, April 4, 2025 4:29 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Thank you Steve. Have a good weekend. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Friday, April 4, 2025 6:32 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Subject: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. Q: Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? A: Yes, I’ll write the public notice later today and it should be published early next week. Please let me know if you have any further questions. Regards and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Thursday, April 3, 2025 4:56 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com> Subject: Milne AEO 2 EPA checklist responses Hi Steve, Andy, Chris, Please find attached the following related to the Milne AEO 2 expansion application. completed EPA Aquifer Exemption form with answers to key questions EPA Aquifer Exemption form figures requested to be held confidential 6x water sample lab reports (separate pdf files). * Note our lab could not generate reports for some of the 2006-2008 reports. Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? Please get back to us with any questions. Regards. Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC) Cc:Taylor Wellman; Jamie Wilson; Dewhurst, Andrew D (OGC); Wallace, Chris D (OGC); Coldiron, Samantha J (OGC) Subject:RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Date:Monday, May 12, 2025 4:22:53 PM Attachments:image001.png image002.png image003.png Hi Steve, We are happy to do the meeting with the AOGCC and the EPA. Unfortunately, some of us are out of the office on Tuesday May 20th. We are available Wed May 21st 12noon-5pm and Thurs 22nd May except 11-12:30pm (before or after work fine). It’s always challenging getting a large group to be available, would any of these proposed times work? If at all helpful, call me at my office. Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Monday, May 12, 2025 12:44 PM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Graham, Would you and your technical team be available for a Teams Meeting Tuesday, May 20, 11:30-1 PM AKST with Evan Osborne and Brian Nickel of EPA Region 10 and possibly some of EPA’s policy folks to discuss TDS, size of the expansion, number of injection wells captured within the proposed expansion area, confidential documents, and so on? Thanks, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Monday, May 12, 2025 10:52 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hi Steve, Various team members were out of the office and so it has taken us a few days to respond to your email questions. We have attempted to answer your questions in the blue text below. Regarding your comment on confidential materials (email 5/7/2025). I can propose that Hilcorp submit the confidential slides directly to the EPA. We may want to discuss this further on the phone as to who to contact and the appropriate time to do this. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Tuesday, May 6, 2025 9:39 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, I’m working again on Hilcorp’s Aquifer Exemption Expansion for Milne Point Unit. The public hearing has been scheduled for June 10th, as noted on AOGCC’s website. I have a question regarding total dissolved solids content of the native formation water samples. I notice that several of these samples have “salinity” values of less than 3.0 parts per thousand (below), which is a criteria in AOGCC’s regulations governing freshwater aquifer exemptions. Regulation 20 AAC 25.440(a)(2) states: “the total dissolved solids content of the ground water is more than 3,000 and less than 10,000 mg/l, and it is not reasonably expected to supply a public water system.” Questions: Could you please provide further detail concerning how salinity values are converted to equivalent total dissolved solids values? In some wells we have measured salinity and measured Total Dissolved Solids (TDS) from the same water sample. For our log based method for deriving NaCl salinity, I have used an empirically derived scalar to go from salinity to TDS. This averages out to be a scalar of 1/0.65 to go from salinity to TDS. This is shown in the table I provided (Table 6 in the EPA checklist document). My scalar is explained in the EPA Checklist document. Uncertainty exists for sure, however, there is a significant difference between TDS in our samples and salinity (as shown in the field data). What is the basis for this conversion? As above. How reliable are the results? In other words, what is the uncertainty range? I reached out to our Prudhoe lab and our in house Chemical team. Their commentary is below regarding salinity and TDS measurement uncertainty. ‘I think the results are reliable because the lab follows a QC check. Standards are run before a sample is measured for TDS. If the result is not within +/- 5% of the expected value of the standard, the solution is evaluated for its viability and/or the instrument may need to be calibrated.’ Additional commentary. ‘We QC with 4 different concentration standards before each run that must fall within +/- 5%’. Regarding the salinity to TDS methodology for log based data. There is uncertainty in this approach, but it is deemed a reasonable, practical way of using field observations for going from salinity to TDS. Have any water samples from within the MPU or the proposed expansion area yielded total dissolved solids values less than 3,000 ppm? After thoroughly reviewing our data, we found two additional water samples from 2024 (not previously provided). They are shown in the table below (MPF-02 and MPF-21). In well MPF-02, we have two samples in our database. The recent sample from 2024 shows a TDS of 2916 (ppm). The original sample in our database that was taken (already provided) has a TDS of 3160 (ppm). The average of the two is > 3000 (ppm). There is no other data we have that shows a TDS <3000 ppm in MPU wells. If so, could you please provide details? CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. Thanks and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Friday, April 4, 2025 4:29 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Thank you Steve. Have a good weekend. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Friday, April 4, 2025 6:32 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Subject: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, Q: Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? A: Yes, I’ll write the public notice later today and it should be published early next week. Please let me know if you have any further questions. Regards and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Thursday, April 3, 2025 4:56 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com> Subject: Milne AEO 2 EPA checklist responses Hi Steve, Andy, Chris, Please find attached the following related to the Milne AEO 2 expansion application. completed EPA Aquifer Exemption form with answers to key questions EPA Aquifer Exemption form figures requested to be held confidential 6x water sample lab reports (separate pdf files). * Note our lab could not generate reports for some of the 2006-2008 reports. Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? Please get back to us with any questions. Regards. Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. From:Davies, Stephen F (OGC) To:Osborne, Evan Cc:Nickel, Brian; Mayers, Timothy Subject:RE: AE next steps Date:Monday, May 12, 2025 6:17:00 PM Hi Evan, Hilcorp would like to meet with the AOGCC and the EPA. Unfortunately, some of their technical team are out of the office on Tuesday May 20th. They are available Wed May 21st 12noon-5pm and Thurs 22nd May except 11-12:30pm (before or after work fine. Would either of those proposed times work? Thanks, Steve From: Davies, Stephen F (OGC) Sent: Monday, May 12, 2025 12:36 PM To: Osborne, Evan <Osborne.Evan@epa.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps Evan, Next Tuesday would work best for me. Let me check with Hilcorp to see their availability. Thanks, Steve From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Monday, May 12, 2025 12:35 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps Here are two good windows: Thursday, May 15 at 10AM AKST Tuesday, May 20, 11:30-1 PM AKST Evan From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Caution: This email originated from outside EPA, please exercise additional caution when deciding whether to open attachments or click on provided links. Sent: Monday, May 12, 2025 1:29 PM To: Osborne, Evan <Osborne.Evan@epa.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps Hi Evan, That sounds fine. Are you all available next week? Thanks, Steve Davies AOGCC From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Monday, May 12, 2025 10:34 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps That sounds good, Steve. To help eliminate some red tape on this, how about we meet with everyone? That’d be: -AOGCC -EPA Region 10 -EPA HQ policy folks -Hilcorp We would discuss Hilcorp’s request and the requirements that apply to various scenarios; this could involve TDS, size of the expansion, number of injection wells captured within that area, etc. I always try to avoid having work turn into a game of Telephone. Thoughts? Evan From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Monday, May 12, 2025 11:00 AM To: Osborne, Evan <Osborne.Evan@epa.gov> Caution: This email originated from outside EPA, please exercise additional caution when deciding whether to open attachments or click on provided links. Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps Evan, I have not heard from the operator’s representative regarding TDS values. In an email received last Wednesday, he said he’d just returned from the North Slope, had several items to catch up on, and he would address my questions “soon.” The time frames that you discussed in your email of April 24th seem reasonable, but the estimated dates will obviously slip by a month or two. So, to make for a more productive discussion, I propose postponing today’s conference call until I have further information from the operator. Thoughts? Thanks, Steve Davies AOGCC From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Thursday, May 8, 2025 10:09 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps Thanks for working that through – we will wait to hear more re: CBI. That time on Monday works well. I’ll send an invite. Evan From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Thursday, May 08, 2025 9:29 AM To: Osborne, Evan <Osborne.Evan@epa.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: RE: AE next steps CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. Caution: This email originated from outside EPA, please exercise additional caution when deciding whether to open attachments or click on provided links. Hi Evan, “I hope you’re able to make this clear in your conversations with Hilcorp.” Yes, I did. In an email, I asked them their thoughts on how to best handle the confidential materials: Hilcorp will transmit them directly to EPA, Hilcorp will declassify them, or Hilcorp will provide similar, non-confidential displays. I have not heard back from them. Friday is my flex day, so are you all available on Monday 1:30 PM AK, 2:30 PM Seattle? Thanks, Steve Davies AOGCC From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Thursday, May 8, 2025 8:07 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: AE next steps Steve, I heard from Jamie Wilson at Hilcorp regarding their AE application, and he’s keenly interested in the state of the EPA’s review. As you know, we’re not reviewing the application/draft decision at this point and we haven’t received any materials related to the request. I hope you’re able to make this clear in your conversations with Hilcorp. I’ll be meeting with our HQ office today to gain additional guidance on how to handle a request like the one sought by Hilcorp. Expectation is that, after that meeting, I’ll have feedback for you on how best to prepare and submit draft materials for our review. Why don’t we meet either Friday or early next week to discuss next steps. I’m free all day Friday and Monday, 8-4PM AKST. What works for you? Evan Evan Osborne U.S. EPA Region 10 Underground Injection Control Program ph. 206-553-1747 CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Davies, Stephen F (OGC) To:Graham Emerson Cc:Taylor Wellman; Jamie Wilson; Dewhurst, Andrew D (OGC); Wallace, Chris D (OGC); Coldiron, Samantha J (OGC) Subject:RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Date:Tuesday, May 13, 2025 8:31:00 AM Attachments:image001.png image002.png image003.png Hi Graham, Are you all available 12PM AKST on May 21? EPA can meet then. Regards, Steve From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Monday, May 12, 2025 4:23 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hi Steve, We are happy to do the meeting with the AOGCC and the EPA. Unfortunately, some of us are out of the office on Tuesday May 20th. We are available Wed May 21st 12noon-5pm and Thurs 22nd May except 11-12:30pm (before or after work fine). It’s always challenging getting a large group to be available, would any of these proposed times work? If at all helpful, call me at my office. Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Monday, May 12, 2025 12:44 PM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Graham, Would you and your technical team be available for a Teams Meeting Tuesday, May 20, 11:30-1 PM AKST with Evan Osborne and Brian Nickel of EPA Region 10 and possibly some of EPA’s policy folks to discuss TDS, size of the expansion, number of injection wells captured within the proposed expansion area, confidential documents, and so on? Thanks, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Monday, May 12, 2025 10:52 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hi Steve, Various team members were out of the office and so it has taken us a few days to respond to your email questions. We have attempted to answer your questions in the blue text below. Regarding your comment on confidential materials (email 5/7/2025). I can propose that Hilcorp submit the confidential slides directly to the EPA. We may want to discuss this further on the CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. phone as to who to contact and the appropriate time to do this. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Tuesday, May 6, 2025 9:39 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, I’m working again on Hilcorp’s Aquifer Exemption Expansion for Milne Point Unit. The public hearing has been scheduled for June 10th, as noted on AOGCC’s website. I have a question regarding total dissolved solids content of the native formation water samples. I notice that several of these samples have “salinity” values of less than 3.0 parts per thousand (below), which is a criteria in AOGCC’s regulations governing freshwater aquifer exemptions. Regulation 20 AAC 25.440(a)(2) states: “the total dissolved solids content of the ground water is more than 3,000 and less than 10,000 mg/l, and it is not reasonably expected to supply a public water system.” Questions: Could you please provide further detail concerning how salinity values are converted to equivalent total dissolved solids values? In some wells we have measured salinity and measured Total Dissolved Solids (TDS) from the same water sample. For our log based method for deriving NaCl salinity, I have used an empirically derived scalar to go from salinity to TDS. This averages out to be a scalar of 1/0.65 to go from salinity to TDS. This is shown in the table I provided (Table 6 in the EPA checklist document). My scalar is explained in the EPA Checklist document. Uncertainty exists for sure, however, there is a significant difference between TDS in our samples and salinity (as shown in the field data). What is the basis for this conversion? As above. How reliable are the results? In other words, what is the uncertainty range? I reached out to our Prudhoe lab and our in house Chemical team. Their commentary is below regarding salinity and TDS measurement uncertainty. ‘I think the results are reliable because the lab follows a QC check. Standards are run before a sample is measured for TDS. If the result is not within +/- 5% of the expected value of the standard, the solution is evaluated for its viability and/or the instrument may need to be calibrated.’ Additional commentary. ‘We QC with 4 different concentration standards before each run that must fall within +/- 5%’. Regarding the salinity to TDS methodology for log based data. There is uncertainty in this approach, but it is deemed a reasonable, practical way of using field observations for going from salinity to TDS. Have any water samples from within the MPU or the proposed expansion area yielded total dissolved solids values less than 3,000 ppm? After thoroughly reviewing our data, we found two additional water samples from 2024 (not previously provided). They are shown in the table below (MPF-02 and MPF-21). In well MPF-02, we have two samples in our database. The recent sample from 2024 shows a TDS of 2916 (ppm). The original sample in our database that was taken (already provided) has a TDS of 3160 (ppm). The average of the two is > 3000 (ppm). There is no other data we have that shows a TDS <3000 ppm in MPU wells. If so, could you please provide details? CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. Thanks and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Friday, April 4, 2025 4:29 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Thank you Steve. Have a good weekend. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Friday, April 4, 2025 6:32 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Subject: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, Q: Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? A: Yes, I’ll write the public notice later today and it should be published early next week. Please let me know if you have any further questions. Regards and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Thursday, April 3, 2025 4:56 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com> Subject: Milne AEO 2 EPA checklist responses Hi Steve, Andy, Chris, Please find attached the following related to the Milne AEO 2 expansion application. completed EPA Aquifer Exemption form with answers to key questions EPA Aquifer Exemption form figures requested to be held confidential 6x water sample lab reports (separate pdf files). * Note our lab could not generate reports for some of the 2006-2008 reports. Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? Please get back to us with any questions. Regards. Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC) Cc:Taylor Wellman; Jamie Wilson; Dewhurst, Andrew D (OGC); Wallace, Chris D (OGC); Coldiron, Samantha J (OGC) Subject:RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Date:Tuesday, May 13, 2025 12:57:22 PM Attachments:image001.png image002.png image003.png Hi Steve, Myself, Taylor and Jamie will be available on Wed 21st at 12AK time. Please let us know if there is any more of an agenda to the summary you gave in the previous email. We do not have any intention of putting any injection wells into the freshwater interval of the proposed expanded area. We’ll plan to have the AEO 2 application and the EPA Aquifer Exemption Checklist document available to discuss. I can plan to kick off the meeting by introducing the application, if helpful. If there is anything else we should be preparing or have available, let us know. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Tuesday, May 13, 2025 8:31 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hi Graham, Are you all available 12PM AKST on May 21? EPA can meet then. Regards, Steve From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Monday, May 12, 2025 4:23 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hi Steve, We are happy to do the meeting with the AOGCC and the EPA. Unfortunately, some of us are out of the office on Tuesday May 20th. We are available Wed May 21st 12noon-5pm and Thurs 22nd May except 11-12:30pm (before or after work fine). It’s always challenging getting a large group to be available, would any of these proposed times work? If at all helpful, call me at my office. Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Monday, May 12, 2025 12:44 PM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. Graham, Would you and your technical team be available for a Teams Meeting Tuesday, May 20, 11:30-1 PM AKST with Evan Osborne and Brian Nickel of EPA Region 10 and possibly some of EPA’s policy folks to discuss TDS, size of the expansion, number of injection wells captured within the proposed expansion area, confidential documents, and so on? Thanks, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Monday, May 12, 2025 10:52 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hi Steve, Various team members were out of the office and so it has taken us a few days to respond to your email questions. We have attempted to answer your questions in the blue text below. Regarding your comment on confidential materials (email 5/7/2025). I can propose that Hilcorp submit the confidential slides directly to the EPA. We may want to discuss this further on the phone as to who to contact and the appropriate time to do this. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Tuesday, May 6, 2025 9:39 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, I’m working again on Hilcorp’s Aquifer Exemption Expansion for Milne Point Unit. The public hearing has been scheduled for June 10th, as noted on AOGCC’s website. I have a question regarding total dissolved solids content of the native formation water samples. I notice that several of these samples have “salinity” values of less than 3.0 parts per thousand (below), which is a criteria in AOGCC’s regulations governing freshwater aquifer exemptions. Regulation 20 AAC 25.440(a)(2) states: “the total dissolved solids content of the ground water is more than 3,000 and less than 10,000 mg/l, and it is not reasonably expected to supply a public water system.” Questions: Could you please provide further detail concerning how salinity values are converted to equivalent total dissolved solids values? In some wells we have measured salinity and measured Total Dissolved Solids (TDS) from the same water sample. For our log based method for deriving NaCl salinity, I have used an empirically derived scalar to go from salinity to TDS. This averages out to be a scalar of 1/0.65 to go from salinity to TDS. This is shown in the table I provided (Table 6 in the EPA checklist document). My scalar is explained in the EPA Checklist document. Uncertainty exists for sure, however, there is a significant difference between TDS in our samples and salinity (as shown in the field data). What is the basis for this conversion? As above. How reliable are the results? In other words, what is the uncertainty range? I reached out to our Prudhoe lab and our in house Chemical team. Their commentary is below regarding salinity and TDS measurement uncertainty. ‘I think the results are reliable because the lab follows a QC check. Standards are run before a sample is measured for TDS. If the result is not within +/- 5% of the expected value of the standard, the solution is evaluated for its viability and/or the instrument may need to be calibrated.’ Additional commentary. ‘We QC with 4 different concentration standards before each run that must fall within +/- 5%’. Regarding the salinity to TDS methodology for log based data. There is uncertainty in this approach, but it is deemed a reasonable, practical way of using field observations for going from salinity to TDS. Have any water samples from within the MPU or the proposed expansion area yielded total dissolved solids values less than 3,000 ppm? After thoroughly reviewing our data, we found two additional water samples from 2024 (not previously provided). They are shown in the table below (MPF-02 and MPF-21). In well MPF-02, we CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. have two samples in our database. The recent sample from 2024 shows a TDS of 2916 (ppm). The original sample in our database that was taken (already provided) has a TDS of 3160 (ppm). The average of the two is > 3000 (ppm). There is no other data we have that shows a TDS <3000 ppm in MPU wells. If so, could you please provide details? Thanks and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Friday, April 4, 2025 4:29 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Thank you Steve. Have a good weekend. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Friday, April 4, 2025 6:32 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Subject: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, Q: Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? A: Yes, I’ll write the public notice later today and it should be published early next week. Please let me know if you have any further questions. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. Regards and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Thursday, April 3, 2025 4:56 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com> Subject: Milne AEO 2 EPA checklist responses Hi Steve, Andy, Chris, Please find attached the following related to the Milne AEO 2 expansion application. completed EPA Aquifer Exemption form with answers to key questions EPA Aquifer Exemption form figures requested to be held confidential 6x water sample lab reports (separate pdf files). * Note our lab could not generate reports for some of the 2006-2008 reports. Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? Please get back to us with any questions. Regards. Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. From:Davies, Stephen F (OGC) on behalf of CAL-DOA-AOGCC (CED sponsored) To:Graham Emerson; Taylor Wellman; Jamie Wilson; Osborne.Evan@epa.gov; Nickel.Brian@epa.gov; Mayers.Timothy@epa.gov; Wallace, Chris D (OGC); Dewhurst, Andrew D (OGC); McLellan, Bryan J (OGC); Roby, David S (OGC) Cc:Christianson, Grace K (OGC); Coldiron, Samantha J (OGC) Subject:Milne Point Unit AEO 2 Expansion - Discussion Start:Wednesday, May 21, 2025 12:00:00 PM End:Wednesday, May 21, 2025 1:00:00 PM Location:Microsoft Teams Meeting Microsoft Teams meeting hosted in AOGCC’s Public Conference Room. Topics of discussion will be: Proposed expansion area Introduction to the AEO 2 expansion application and the EPA checklist Planned development program Aquifers affected TDS Values Water samples and dates obtained Log analyses performed and subject wells Calibration of analyses and conversion to TDS values Uncertainties associated with conversion/calibration techniques EPA procedures EPA substantial vs non-substantial and decision criteria Path for substantial vs non-substantial processes EPA and AOGCC involvement: separate or joint? Preparation and submitting of application / AOGCC decision documents Submitting confidential documents Path forward Additional topics Regards and Be Well, Steve Davies AOGCC CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. From:Davies, Stephen F (OGC) To:Osborne, Evan Cc:Nickel, Brian; Cosans, Cassandra Subject:RE: Milne Point Unit AEO 2 Expansion - Discussion Date:Wednesday, May 14, 2025 5:13:00 PM Hi Evan, OGC is Alaska’s abbreviation for “Oil and Gas Commission,” so no, I did not invite our commission’s legal counsel. If you all could be prepared to discuss EPA’s substantial versus non-substantial classifications and the decision criteria used to separate them along with EPA’s role in approval for those classifications, it would be great. Please let me know if you have any questions. Cheers and Be Well, Steve From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Wednesday, May 14, 2025 11:50 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Cosans, Cassandra <Cosans.Cassandra@epa.gov> Subject: RE: Milne Point Unit AEO 2 Expansion - Discussion Hi Steve, Thank you for arranging this meeting – I’ve forwarded it to the appropriate folks at EPA. Since I see some representatives from your OGC (assuming; Office of General Counsel), I’ve asked our HQ office to invite our legal team as well. If you’d prefer we keep this to strictly program staff, I’m ok with that, too. Let me know if something needs to change. As for expectations, please understand that we will come prepared to discuss the current regulations and policy concerning aquifer exemption requests posed by a state, but we will likely not be able to provide an on-the-spot determination of exact process, or timeline, since currently do not know the nature of the request. We look forward to hearing these details from Hilcorp during the meeting. Caution: This email originated from outside EPA, please exercise additional caution when deciding whether to open attachments or click on provided links. If you would like us to be prepared to discuss anything specific that hasn’t already been brought up (e.g., substantial vs. non-substantial requests, EPA’s role in approval, etc.) please let me know and we can prep. Best, Evan -----Original Appointment----- From: CAL-DOA-AOGCC (CED sponsored) <akoilgas.forwarder@alaska.gov> Sent: Tuesday, May 13, 2025 5:26 PM To: CAL-DOA-AOGCC (CED sponsored); Graham Emerson; Taylor Wellman; Jamie Wilson; Osborne, Evan; Nickel, Brian; Mayers, Timothy; chris.wallace@alaska.gov; Dewhurst, Andrew D (OGC); McLellan, Bryan J (OGC); Roby, David S (OGC) Cc: Christianson, Grace K (OGC); Coldiron, Samantha J (OGC) Subject: Milne Point Unit AEO 2 Expansion - Discussion When: Wednesday, May 21, 2025 12:00 PM-1:00 PM (UTC-09:00) Alaska. Where: Microsoft Teams Meeting; AOGCC Public Conference Room (CED sponsored) Microsoft Teams meeting hosted in AOGCC’s Public Conference Room. Topics of discussion will be: Proposed expansion area Introduction to the AEO 2 expansion application and the EPA checklist Planned development program Aquifers affected TDS Values Water samples and dates obtained Log analyses performed and subject wells Calibration of analyses and conversion to TDS values Uncertainties associated with conversion/calibration techniques EPA procedures EPA substantial vs non-substantial and decision criteria Path for substantial vs non-substantial processes EPA and AOGCC involvement: separate or joint? Preparation and submitting of application / AOGCC decision documents Submitting confidential documents Path forward Additional topics Regards and Be Well, Steve Davies AOGCC From:Davies, Stephen F (OGC) To:Graham Emerson; Osborne.Evan@epa.gov Cc:Nickel, Brian; Cosans, Cassandra; Taylor Wellman; Jamie Wilson; Dewhurst, Andrew D (OGC); Wallace, Chris D (OGC); Coldiron, Samantha J (OGC) Subject:Milne Point Unit AEO 2 Expansion - Discussion - Tuesday, May 21, 2025 12:00 PM AKST Date:Tuesday, May 20, 2025 8:37:00 AM Graham, Evan, and All, In preparation for the informal, round-table Teams Meeting tomorrow regarding Hilcorp’s application to expand the Affected Area of the Milne Point AEO 2, here are my proposed topics: Meeting Introduction (AOGCC) Introduction to the proposed AEO 2 expansion (Hilcorp) Planned development program Aquifers affected Hilcorp’s application and draft EPA checklist TDS Values for Proposed Expansion Area (Hilcorp) Water samples and dates acquired Log analyses performed Conversions to TDS values Uncertainties associated with conversion/calibration techniques EPA’s Aquifer Exemptions and Procedures (EPA) Substantial vs. non-substantial exemptions Criteria differentiating the two exemption types Which exemption is appropriate? EPA and AOGCC involvement: separate or joint? Appropriate path forward Information needed Roles of each entity Path Forward (AOGCC, Open Discussion) Preparation and submitting of additional documents Submitting confidential information AOGCC decision process Rough timeline Other topics Your thoughts and recommendations are appreciated. Cheers and Be Well, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC) Subject:RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Date:Wednesday, May 21, 2025 9:26:30 AM Attachments:image001.png image002.png image003.png Steve, We were planning on being on Teams. If you prefer we can head over to your office and be in person. No strong bias either way. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, May 21, 2025 8:46 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, Will you all be coming over to AOGCC’s office today for the Teams discussion with EPA at 12 PM, or would you all prefer this to be a Teams Meeting only? It will work either way. Thanks and Be Well, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Tuesday, May 13, 2025 12:57 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hi Steve, Myself, Taylor and Jamie will be available on Wed 21st at 12AK time. Please let us know if there is any more of an agenda to the summary you gave in the previous email. We do not have any intention of putting any injection wells into the freshwater interval of the proposed expanded area. We’ll plan to have the AEO 2 application and the EPA Aquifer Exemption Checklist document available to discuss. I can plan to kick off the meeting by introducing the application, if helpful. If there is anything else we should be preparing or have available, let us know. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Tuesday, May 13, 2025 8:31 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hi Graham, Are you all available 12PM AKST on May 21? EPA can meet then. Regards, Steve From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Monday, May 12, 2025 4:23 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hi Steve, CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. We are happy to do the meeting with the AOGCC and the EPA. Unfortunately, some of us are out of the office on Tuesday May 20th. We are available Wed May 21st 12noon-5pm and Thurs 22nd May except 11-12:30pm (before or after work fine). It’s always challenging getting a large group to be available, would any of these proposed times work? If at all helpful, call me at my office. Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Monday, May 12, 2025 12:44 PM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Graham, Would you and your technical team be available for a Teams Meeting Tuesday, May 20, 11:30-1 PM AKST with Evan Osborne and Brian Nickel of EPA Region 10 and possibly some of EPA’s policy folks to discuss TDS, size of the expansion, number of injection wells captured within the proposed expansion area, confidential documents, and so on? Thanks, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Monday, May 12, 2025 10:52 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hi Steve, Various team members were out of the office and so it has taken us a few days to respond to your email questions. We have attempted to answer your questions in the blue text below. Regarding your comment on confidential materials (email 5/7/2025). I can propose that Hilcorp submit the confidential slides directly to the EPA. We may want to discuss this further on the phone as to who to contact and the appropriate time to do this. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Tuesday, May 6, 2025 9:39 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, I’m working again on Hilcorp’s Aquifer Exemption Expansion for Milne Point Unit. The public hearing has been scheduled for June 10th, as noted on AOGCC’s website. I have a question regarding total dissolved solids content of the native formation water samples. I notice that several of these samples have “salinity” values of less than 3.0 parts per thousand (below), which is a criteria in AOGCC’s regulations governing freshwater aquifer exemptions. Regulation 20 AAC 25.440(a)(2) states: “the total dissolved solids content of the ground water is more than 3,000 and less than 10,000 mg/l, and it is not reasonably expected to supply a public water system.” Questions: Could you please provide further detail concerning how salinity values are converted to equivalent total dissolved solids values? In some wells we have measured salinity and measured Total Dissolved Solids (TDS) from the same water sample. For our log based method for deriving NaCl salinity, I have used an empirically derived scalar to go from salinity to TDS. This averages out to be a scalar of 1/0.65 to go from salinity to TDS. This is shown in the table I provided (Table 6 in the EPA checklist document). My scalar is explained in the EPA Checklist document. Uncertainty exists for sure, however, there is a significant difference between TDS in our samples and salinity (as shown in the field data). What is the basis for this conversion? As above. How reliable are the results? In other words, what is the uncertainty range? I reached out to our Prudhoe lab and our in house Chemical team. Their commentary is below regarding salinity and TDS measurement uncertainty. ‘I think the results are reliable because the lab follows a QC check. Standards are run before a sample is measured for TDS. If the result is not within +/- 5% of the expected value of the standard, the solution is evaluated for its viability and/or the instrument may need to be calibrated.’ Additional commentary. ‘We QC with 4 different concentration standards before each run that must fall within +/- 5%’. Regarding the salinity to TDS methodology for log based data. There is uncertainty in this approach, but it is deemed a reasonable, practical way of using field observations for going from salinity to TDS. Have any water samples from within the MPU or the proposed expansion area yielded total dissolved solids values less than 3,000 ppm? After thoroughly reviewing our data, we found two additional water samples from 2024 (not previously provided). They are shown in the table below (MPF-02 and MPF-21). In well MPF-02, we have two samples in our database. The recent sample from 2024 shows a TDS of 2916 (ppm). The original sample in our database that was taken (already provided) has a TDS of 3160 (ppm). The average of the two is > 3000 (ppm). There is no other data we have that shows a TDS <3000 ppm in MPU wells. If so, could you please provide details? CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. Thanks and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Friday, April 4, 2025 4:29 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Thank you Steve. Have a good weekend. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Friday, April 4, 2025 6:32 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Subject: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, Q: Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? A: Yes, I’ll write the public notice later today and it should be published early next week. Please let me know if you have any further questions. Regards and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Thursday, April 3, 2025 4:56 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com> Subject: Milne AEO 2 EPA checklist responses Hi Steve, Andy, Chris, Please find attached the following related to the Milne AEO 2 expansion application. completed EPA Aquifer Exemption form with answers to key questions EPA Aquifer Exemption form figures requested to be held confidential 6x water sample lab reports (separate pdf files). * Note our lab could not generate reports for some of the 2006-2008 reports. Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? Please get back to us with any questions. Regards. Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC) Subject:RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Date:Wednesday, May 21, 2025 10:00:33 AM Attachments:image001.png image002.png image003.png Ok thanks for checking. We’ll be online on Teams at 12. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, May 21, 2025 9:30 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Graham, No, a Teams meeting is fine with me since EPA will be attending that way. I just wanted to check in case we needed to set up the public conference room. Thanks and Be Well, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Wednesday, May 21, 2025 9:26 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Steve, We were planning on being on Teams. If you prefer we can head over to your office and be in person. No strong bias either way. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, May 21, 2025 8:46 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, Will you all be coming over to AOGCC’s office today for the Teams discussion with EPA at 12 PM, or would you all prefer this to be a Teams Meeting only? It will work either way. Thanks and Be Well, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Tuesday, May 13, 2025 12:57 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hi Steve, Myself, Taylor and Jamie will be available on Wed 21st at 12AK time. Please let us know if there is any more of an agenda to the summary you gave in the previous email. We do not have any intention of putting any injection wells into the freshwater interval of the proposed expanded area. We’ll plan to have the AEO 2 application and the EPA Aquifer Exemption Checklist document available to discuss. I can plan to kick off the meeting by introducing the application, if helpful. If there is anything else we should be preparing or have available, let us know. Thanks Graham CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Tuesday, May 13, 2025 8:31 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hi Graham, Are you all available 12PM AKST on May 21? EPA can meet then. Regards, Steve From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Monday, May 12, 2025 4:23 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hi Steve, We are happy to do the meeting with the AOGCC and the EPA. Unfortunately, some of us are out of the office on Tuesday May 20th. We are available Wed May 21st 12noon-5pm and Thurs 22nd May except 11-12:30pm (before or after work fine). It’s always challenging getting a large group to be available, would any of these proposed times work? If at all helpful, call me at my office. Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Monday, May 12, 2025 12:44 PM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Graham, Would you and your technical team be available for a Teams Meeting Tuesday, May 20, 11:30-1 PM AKST with Evan Osborne and Brian Nickel of EPA Region 10 and possibly some of EPA’s policy folks to discuss TDS, size of the expansion, number of injection wells captured within the proposed expansion area, confidential documents, and so on? Thanks, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Monday, May 12, 2025 10:52 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hi Steve, CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. Various team members were out of the office and so it has taken us a few days to respond to your email questions. We have attempted to answer your questions in the blue text below. Regarding your comment on confidential materials (email 5/7/2025). I can propose that Hilcorp submit the confidential slides directly to the EPA. We may want to discuss this further on the phone as to who to contact and the appropriate time to do this. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Tuesday, May 6, 2025 9:39 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov>; Coldiron, Samantha J (OGC) <samantha.coldiron@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, I’m working again on Hilcorp’s Aquifer Exemption Expansion for Milne Point Unit. The public hearing has been scheduled for June 10th, as noted on AOGCC’s website. I have a question regarding total dissolved solids content of the native formation water samples. I notice that several of these samples have “salinity” values of less than 3.0 parts per thousand (below), which is a criteria in AOGCC’s regulations governing freshwater aquifer exemptions. Regulation 20 AAC 25.440(a)(2) states: “the total dissolved solids content of the ground water is more than 3,000 and less than 10,000 mg/l, and it is not reasonably expected to supply a public water system.” Questions: Could you please provide further detail concerning how salinity values are converted to equivalent total dissolved solids values? In some wells we have measured salinity and measured Total Dissolved Solids (TDS) from the same water sample. For our log based method for deriving NaCl salinity, I have used an empirically derived scalar to go from salinity to TDS. This averages out to be a scalar of 1/0.65 to go from salinity to TDS. This is shown in the table I provided (Table 6 in the EPA checklist document). My scalar is explained in the EPA Checklist document. Uncertainty exists for sure, however, there is a significant difference between TDS in our samples and salinity (as shown in the field data). What is the basis for this conversion? As above. How reliable are the results? In other words, what is the uncertainty range? I reached out to our Prudhoe lab and our in house Chemical team. Their commentary is below regarding salinity and TDS measurement uncertainty. ‘I think the results are reliable because the lab follows a QC check. Standards are run before a sample is measured for TDS. If the result is not within +/- 5% of the expected value of the standard, the solution is evaluated for its viability and/or the instrument may need to be calibrated.’ Additional commentary. ‘We QC with 4 different concentration standards before each run that must fall within +/- 5%’. Regarding the salinity to TDS methodology for log based data. There is uncertainty in this approach, but it is deemed a reasonable, practical way of using field observations for going from salinity to TDS. Have any water samples from within the MPU or the proposed expansion area yielded total dissolved solids values less than 3,000 ppm? After thoroughly reviewing our data, we found two additional water samples from 2024 (not previously provided). They are shown in the table below (MPF-02 and MPF-21). In well MPF-02, we have two samples in our database. The recent sample from 2024 shows a TDS of 2916 (ppm). The original sample in our database that was taken (already provided) has a TDS of 3160 (ppm). The average of the two is > 3000 (ppm). There is no other data we have that shows a TDS <3000 ppm in MPU wells. If so, could you please provide details? CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. Thanks and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Friday, April 4, 2025 4:29 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Thank you Steve. Have a good weekend. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Friday, April 4, 2025 6:32 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Subject: [EXTERNAL] RE: Milne AEO 2 EPA checklist responses Hello Graham, Q: Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? A: Yes, I’ll write the public notice later today and it should be published early next week. Please let me know if you have any further questions. Regards and Be Well, Steve Davies Senior Petroleum Geologist AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Thursday, April 3, 2025 4:56 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Cc: Taylor Wellman <twellman@hilcorp.com>; Jamie Wilson <jamie.wilson@hilcorp.com> Subject: Milne AEO 2 EPA checklist responses Hi Steve, Andy, Chris, Please find attached the following related to the Milne AEO 2 expansion application. completed EPA Aquifer Exemption form with answers to key questions EPA Aquifer Exemption form figures requested to be held confidential 6x water sample lab reports (separate pdf files). * Note our lab could not generate reports for some of the 2006-2008 reports. Do you plan to send out the public notice for this AEO 2 expansion application so we can start the clock on this? Please get back to us with any questions. Regards. Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. From:Davies, Stephen F (OGC) To:Osborne, Evan; Wallace, Chris D (OGC) Cc:Nickel, Brian; Cosans, Cassandra; Kelly, Suzanne; Puckett, Mary Hastings; Poulsom, Susan Subject:RE: AE follow-up Date:Thursday, May 22, 2025 11:33:00 AM Evan, The Public Hearing for Hilcorp’s aquifer exemption expansion is tentatively scheduled on AOGCC’s calendar for Tuesday June 10 from 10 AM to 12 PM. Otherwise, our calendar is currently open Monday June 9 from 8 to 10AM and on Thursday June 12 after 9 AM. Thanks, Steve D. AOGCC From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Thursday, May 22, 2025 11:04 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Cosans, Cassandra <Cosans.Cassandra@epa.gov>; Kelly, Suzanne <Kelly.Suzanne@epa.gov>; Puckett, Mary Hastings <Puckett.MaryHastings@epa.gov>; Poulsom, Susan <Poulsom.Susan@epa.gov> Subject: RE: AE follow-up Hi Steve, On second thought, I’m realizing that we’ll need a little more to make sure our whole team can attend. Normally I’d push this off to the week of June 2, but there is unfortunately a National UIC event taking place that week. How do you feel about meeting the week of June 9? Do you have a time or two that works for your team? Thanks, Evan From: Osborne, Evan Sent: Thursday, May 22, 2025 9:52 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; chris.wallace (chris.wallace@alaska.gov) <chris.wallace@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Cosans, Cassandra <Cosans.Cassandra@epa.gov>; Kelly, Suzanne <Kelly.Suzanne@epa.gov>; Puckett, Mary Hastings <Puckett.MaryHastings@epa.gov>; Poulsom, Susan <Poulsom.Susan@epa.gov> Subject: AE follow-up Steve, Thanks, again, for gathering everyone to discuss aquifer exemption processes in Alaska. I think it would be beneficial to both agencies to meet and talk through next-steps, questions, concerns, etc. Are you free on either of these date/times: -5/27, 9:30 AM AKST (preferred) -5/29, 9AM AKST (Also works) Evan Evan Osborne U.S. EPA Region 10 Underground Injection Control Program ph. 206-553-1747 CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. From:Graham Emerson To:Davies, Stephen F (OGC) Subject:AEO 2 check in Date:Friday, May 23, 2025 9:05:48 AM Steve, Are you around this morning to discuss for 5 minutes? For the hearing on June 10th, we are not likely to be able to deliver the cost/ economics study by this date due to staff availability. We can have our in house State licenced P.E Environmental Engineer Erik Mundahl who is an expert in drinking water systems deliver by late June. Erik’s work was used in the Susan Dione 8 (AEO 18) application that you suggested we use as a template. Please let us know if this is not acceptable. A third party study is estimated at 3 months to deliver. ‘Erik Mundahl is a State of Alaska Registered Professional Engineer (License number EV 14420) with a primary technical focus including engineering design of drinking water systems. His work also includes the management and operation of more than 50 public and private drinking water systems for regulatory compliance’. So our forward plan and questions to discuss are bellow. Can we hold the June 10th hearing without having the cost/ economics study fully complete? If we cannot hold the hearing, Hilcorp can do the last two weeks of June, the first two weeks of July we have many staff members out so then we’d need to push to mid- late July. We are looking at tying the AEO 2 expansion to the area of the Area Injection Order (that covers Milne only). Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. From:Graham Emerson To:Davies, Stephen F (OGC) Subject:AEO 2 Milne application Date:Tuesday, June 3, 2025 11:41:42 AM Hi Steve, I would like to chat for 5 minutes today if you have time. The Hilcorp environmental team have reached out to 3rd party companies on a water cost and economics study. They are confident we can deliver a report and be ready for a hearing by late July. Given the significant time it will take to do the water study then re-apply, post public notice, have review and then schedule a hearing, Hilcorp would like to ask if we could keep the current AEO 2 application open and postpone the hearing to a date in late July to early August. I’ll give you a call later today but I wanted to give you a heads up prior. Many thanks. Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC) Subject:RE: [EXTERNAL] RE: AEO 2 Milne application Date:Tuesday, June 3, 2025 12:55:05 PM Hi Steve, I can call you just after 2pm AK time. You have the gist of the discussion in the email. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Tuesday, June 3, 2025 12:18 PM To: Graham Emerson <Graham.Emerson@hilcorp.com> Subject: [EXTERNAL] RE: AEO 2 Milne application Hello Graham, Certainly. I have a scheduled meeting from 1 to 2 PM Alaska time today, and I’m working remotely from the lower 48 this week, so the earlier the better after 2 PM is best for my current time zone. Though the short answer to your question below is that I’ll have to discuss keeping the application open and postponing the hearing with AOGCC’s legal counsel and our Commissioners. The Commissioners are involved in an offsite event today through Thursday though, so it may be a few days before I can get you an answer. Please call any time until 3 PM, Alaska time. Thanks, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Tuesday, June 3, 2025 11:42 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: AEO 2 Milne application CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. Hi Steve, I would like to chat for 5 minutes today if you have time. The Hilcorp environmental team have reached out to 3rd party companies on a water cost and economics study. They are confident we can deliver a report and be ready for a hearing by late July. Given the significant time it will take to do the water study then re-apply, post public notice, have review and then schedule a hearing, Hilcorp would like to ask if we could keep the current AEO 2 application open and postpone the hearing to a date in late July to early August. I’ll give you a call later today but I wanted to give you a heads up prior. Many thanks. Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC) Subject:RE: [EXTERNAL] RE: AEO 2 Milne application Date:Thursday, June 5, 2025 7:30:20 AM Thanks Steve for confirming. Jamie will reach out to the AOGCC to withdraw our application. We’ll work on a new application. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Thursday, June 5, 2025 5:20 AM To: Graham Emerson <Graham.Emerson@hilcorp.com> Subject: [EXTERNAL] RE: AEO 2 Milne application Hello Graham, AOGCC’s decision is that Hilcorp should request to vacate the June 10th hearing and then reapply under the new justification when the third-party water cost and economic study is in hand. Regulation 20 AAC 25.440(b) requires that the application contain sufficient data to justify the proposal. The current application does not work because it doesn’t contain sufficient data to justify the economic criteria. Regards and Be Well, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Davies, Stephen F (OGC) Sent: Tuesday, June 3, 2025 12:18 PM To: Graham Emerson <Graham.Emerson@hilcorp.com> Subject: RE: AEO 2 Milne application Hello Graham, Certainly. I have a scheduled meeting from 1 to 2 PM Alaska time today, and I’m working remotely from the lower 48 this week, so the earlier the better after 2 PM is best for my CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. current time zone. Though the short answer to your question below is that I’ll have to discuss keeping the application open and postponing the hearing with AOGCC’s legal counsel and our Commissioners. The Commissioners are involved in an offsite event today through Thursday though, so it may be a few days before I can get you an answer. Please call any time until 3 PM, Alaska time. Thanks, Steve Davies AOGCC From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Tuesday, June 3, 2025 11:42 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: AEO 2 Milne application Hi Steve, I would like to chat for 5 minutes today if you have time. The Hilcorp environmental team have reached out to 3rd party companies on a water cost and economics study. They are confident we can deliver a report and be ready for a hearing by late July. Given the significant time it will take to do the water study then re-apply, post public notice, have review and then schedule a hearing, Hilcorp would like to ask if we could keep the current AEO 2 application open and postpone the hearing to a date in late July to early August. I’ll give you a call later today but I wanted to give you a heads up prior. Many thanks. Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. From:Davies, Stephen F (OGC) To:Osborne, Evan Subject:Accepted: Placeholder: AOGCC/EPA Milne AE Start:Thursday, June 12, 2025 12:00:00 PM End:Thursday, June 12, 2025 1:00:00 PM Location:Microsoft Teams Meeting Hi Evan, The operator has withdrawn their current application for expansion of the aquifer exemption for the Milne Point Unit. They plan to acquire a third- party economic evaluation for underground drinking water wells / facilities, then submit a new application likely later in July. Do you still wish to hold this meeting, or would it be best to wait for the new application? If you’d still like to meet on Thursday, do you all have a proposed agenda? Thanks and Be Well, Steve D. AOGCC Caution: This email originated from outside EPA, please exercise additional caution when deciding whether to open attachments or click on provided links. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. From:Davies, Stephen F (OGC) To:Osborne, Evan Cc:Dewhurst, Andrew D (OGC); Wallace, Chris D (OGC) Subject:RE: Placeholder: AOGCC/EPA Milne AE Date:Tuesday, June 10, 2025 10:42:00 AM Evan, That’s fine with me. Thanks, Steve D. AOGCC From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Tuesday, June 10, 2025 10:40 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: Placeholder: AOGCC/EPA Milne AE Hi Steve, Let’s keep this meeting but make it brief. I will likely be the only person from EPA attending. No agenda needed – we can have a quick check-in on status of the application and anticipated next steps. Evan -----Original Appointment----- From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Tuesday, June 10, 2025 11:35 AM To: Osborne, Evan Subject: Accepted: Placeholder: AOGCC/EPA Milne AE When: Thursday, June 12, 2025 1:00 PM-2:00 PM (UTC-08:00) Pacific Time (US & Canada). Where: Microsoft Teams Meeting Hi Evan, The operator has withdrawn their current application for expansion of the aquifer exemption for the Milne Point Unit. They plan to acquire a third-party economic evaluation for underground drinking water wells / facilities, then submit a new application likely later in July. Do you still wish to hold this meeting, or would it be best to wait for the new application? If you’d still like to meet on Thursday, do you all have a proposed agenda? Thanks and Be Well, Steve D. AOGCC CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. From:Davies, Stephen F (OGC) To:Osborne, Evan Cc:Wallace, Chris D (OGC); Dewhurst, Andrew D (OGC) Subject:RE: MoA between EPA and AOGCC; AEs Date:Friday, June 13, 2025 9:42:00 AM Hi Evan, Thanks for meeting with us yesterday. It was informative. FYI: Regarding the Kuparuk River Unit Aquifer Exemption, another party that will be affected by the AE boundary decision is “Mustang Holding, LLC (Finnex)”, operator for the Southern Miluveach Unit. Their contact information is: Harry Bockmeulen Chief Operating Officer Mustang Holding, LLC (Finnex) 301 Calista Court, Suite 103 Anchorage, AK 99518 Per their website the main phone number is 907-865-5800. No email address is provided. Thanks Again and Be Well, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Thursday, June 12, 2025 2:09 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Cosans, Cassandra <Cosans.Cassandra@epa.gov>; Mayers, Timothy <Mayers.Timothy@epa.gov> Subject: MoA between EPA and AOGCC; AEs Steve and Chris, Thanks for meeting to discuss ongoing work related to aquifer exemptions in Alaska. I reviewed the 1991 Memorandum of Agreement between EPA and AOGCC to better our understanding of how AE work should be processed between our agencies. Please see the attached document. There were a few points that relate to our ongoing work: AOGCC agrees to encourage applicants for AEs to submit the application in conjunction with a permit application, AOGCC shall notify EPA in writing when it has received an application for an aquifer exemption, within 14 days of receipt, EPA will take all possible steps to act…within 30 days of receiving a complete application from AOGCC, EPA will normally treat AEs submitted under 40 CFR 146.4(c) as minor, EPA reserves the right to treat an AE as major, and process the request as a proposed program revision. (all paraphrased, please review text) This is a tool we can use to help guide our future conversations. evan Evan Osborne U.S. EPA Region 10 Underground Injection Control Program CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. From:Graham Emerson To:Davies, Stephen F (OGC); Dewhurst, Andrew D (OGC) Subject:AEO 2 application check in Date:Wednesday, July 23, 2025 7:32:37 AM Hello Steve and Andy, I was just checking in to see if either of you had had the chance to review the Milne AEO 2 application. We were hoping to get the application posted publicly and start the clock on the public notice period. Let me know if I can help with anything. My cell and office numbers are below. Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC); Dewhurst, Andrew D (OGC) Subject:RE: [EXTERNAL] RE: AEO 2 application check in Date:Wednesday, July 23, 2025 9:42:41 AM Thank you, Steve. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, July 23, 2025 8:24 AM To: Graham Emerson <graham.emerson@hilcorp.com>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov> Subject: [EXTERNAL] RE: AEO 2 application check in Hello Graham, Not yet, but I will work on this today. Thanks and Be Well, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Wednesday, July 23, 2025 7:32 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov> Subject: AEO 2 application check in Hello Steve and Andy, I was just checking in to see if either of you had had the chance to review the Milne AEO 2 application. We were hoping to get the application posted publicly and start the clock on the public notice period. Let me know if I can help with anything. My cell and office numbers are below. Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. From:Davies, Stephen F (OGC) To:Osborne, Evan; Wallace, Chris D (OGC) Cc:Nickel, Brian Subject:RE: Proposed MPU Aquifer Exemption - Timeline to Approval Date:Thursday, August 21, 2025 2:41:00 PM Attachments:image001.png Hi Evan, Thanks for the reminder. I’ll get a response to you early next week. Thanks again, Steve Davies AOGCC From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Thursday, August 21, 2025 1:49 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov> Subject: RE: Proposed MPU Aquifer Exemption - Timeline to Approval Chris and Steve, Following-up. We’re here to discuss any questions or thoughts you may have - Evan From: Osborne, Evan Sent: Thursday, August 14, 2025 11:00 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; chris.wallace@alaska.gov Cc: Nickel, Brian <Nickel.Brian@epa.gov> Subject: Proposed MPU Aquifer Exemption - Timeline to Approval Chris and Steve, Thanks for sharing the public notice regarding the proposed aquifer exemption at the Milne Point Unit. To ensure the EPA is prepared to act swiftly on any regulatory responsibilities moving forward, we are requesting a response from AOGCC to this email – hopefully by August 20th – on a proposed timeline for completion. Federal rules require EPA to approve any request for an aquifer exemption subsequent to state program approval or promulgation (40 C.F.R. § 144.7(b)). The request submitted by Hilcorp is supported by a demonstration that the Prince Creek formation does not serve as a source of drinking water as it is situated at a depth or location which makes recovery of water for drinking water purposes economically or technologically impractical. The request also states that the identified aquifer contains a Total Dissolved Solids (TDS) content of more than 3,000 and less than 10,000 mg/L and it is not reasonably expected to supply a public water system. We are preparing to evaluate the request through these regulatory pathways. This is also a good time to revisit the Memorandum of Agreement between our agencies, that is attached, and includes the following: My suggestion is that we agree to a draft review cycle to identify potential concerns early in the process to avoid unexpected delays down the line. I posed a draft review schedule back on April 24th and encourage you to consider this schedule. Importantly, it includes potentially two review cycles for EPA and AOGCC to discuss the technical and legal merits of the requested exemption. By establishing a working timeline, we can do everything within our abilities to reach a final determination on this request as soon as possible. I have one more suggestion– since the proposed exemption request is tied to Area Injection Order 10D, consider providing documentation related to this Class II approval as part of the submittal. Any information you can provide that helps explain the association between the two actions would be beneficial, too. Thank you for considering the information and requests, above. We look forward to working with you on this matter. Best Regards, Evan Osborne 206-553-1747 U.S. EPA Region 10 Underground Injection Control Program From:Davies, Stephen F (OGC) To:Osborne, Evan; Wallace, Chris D (OGC) Cc:Nickel, Brian; Dewhurst, Andrew D (OGC); Starns, Ted C (OGC) Subject:RE: Proposed MPU Aquifer Exemption - Timeline to Approval Date:Monday, August 25, 2025 4:16:00 PM Attachments:image001.png Thank you, Evan. By way of update, I’m currently working my way through the original Milne Point Unit aquifer exemption records from 1987, AOGCC’s AEO 2, and Hilcorp’s revised application. I’m compiling a draft order as I go looking for information gaps prior to the hearing. AOGCC’s public hearing is scheduled for September 9th at 10 AM. To my knowledge, AOGCC has not received any comments or request for this hearing, but Chris and I have both recommended to AOGCC’s Commissioners that the hearing be held as scheduled. Once a hearing is held, AOGCC generally issues the order within 30 days, unless the record is held open for requested supplemental information. Having the first-draft order in hand prior to the hearing greatly simplifies and speeds our process. So, your proposed review timeline of April 24th updates as follows: Event Description Est. Time Needed Est. Date Draft Submission AOGCC prepares draft AE record of decision. Submits to EPA for review Four weeks 10/9/2025 First Review EPA reviews, prepares comments, and responds. Three weeks 10/30/25 First Response (if needed). AOGCC prepares responses to EPA’s comments (“First Round of Comments”) Two weeks 11/13/25 Second Response (if needed). EPA reviews, provides further comments. One-to-two weeks 11/26/25 Draft-Final Submission AOGCC finalizes, submits to EPA for approval One-to-two weeks 12/11/25 Final Determination EPA Reviews, makes final determination Two weeks 12/29/25 Questions: Does this seem reasonable, given that we’re approaching the holiday season? Revisiting the Memorandum of Agreement between our agencies (below), I see that I’m remiss on Item C, which is notification to EPA in writing. EPA was provided a copy of the Public Hearing Notice during July for the tentatively scheduled hearing. Is formal notice for the application in writing to Susan Poulsom still required, or will that Public Hearing Notice be sufficient? Thanks Again and Be Well, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Thursday, August 21, 2025 1:49 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov> Subject: RE: Proposed MPU Aquifer Exemption - Timeline to Approval Chris and Steve, Following-up. We’re here to discuss any questions or thoughts you may have - Evan From: Osborne, Evan Sent: Thursday, August 14, 2025 11:00 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; chris.wallace@alaska.gov Cc: Nickel, Brian <Nickel.Brian@epa.gov> Subject: Proposed MPU Aquifer Exemption - Timeline to Approval Chris and Steve, Thanks for sharing the public notice regarding the proposed aquifer exemption at the Milne Point Unit. To ensure the EPA is prepared to act swiftly on any regulatory responsibilities moving forward, we are requesting a response from AOGCC to this email – hopefully by August 20th – on a proposed timeline for completion. Federal rules require EPA to approve any request for an aquifer exemption subsequent to state program approval or promulgation (40 C.F.R. § 144.7(b)). The request submitted by Hilcorp is supported by a demonstration that the Prince Creek formation does not serve as a source of drinking water as it is situated at a depth or location which makes recovery of water for drinking water purposes economically or technologically impractical. The request also states that the identified aquifer contains a Total Dissolved Solids (TDS) content of more than 3,000 and less than 10,000 mg/L and it is not reasonably expected to supply a public water system. We are preparing to evaluate the request through these regulatory pathways. This is also a good time to revisit the Memorandum of Agreement between our agencies, that is attached, and includes the following: My suggestion is that we agree to a draft review cycle to identify potential concerns early in the process to avoid unexpected delays down the line. I posed a draft review schedule back on April 24th and encourage you to consider this schedule. Importantly, it includes potentially two review cycles for EPA and AOGCC to discuss the technical and legal merits of the requested exemption. By establishing a working timeline, we can do everything within our abilities to reach a final determination on this request as soon as possible. I have one more suggestion– since the proposed exemption request is tied to Area Injection Order 10D, consider providing documentation related to this Class II approval as part of the submittal. Any information you can provide that helps explain the association between the two actions would be beneficial, too. Thank you for considering the information and requests, above. We look forward to working with you on this matter. Best Regards, Evan Osborne 206-553-1747 U.S. EPA Region 10 Underground Injection Control Program CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC) Subject:RE: [EXTERNAL] RE: Milne AEO 2 expansion application Date:Wednesday, October 1, 2025 9:06:45 AM Thank you for the update. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, October 1, 2025 8:26 AM To: Graham Emerson <graham.emerson@hilcorp.com> Subject: [EXTERNAL] RE: Milne AEO 2 expansion application Hi Graham, This application is still in the AOGCC's adjudication process. We'll let you know when it's finished. Thanks and Be Well, Steve Davies AOGCC From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Tuesday, September 30, 2025 1:26 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: Milne AEO 2 expansion application Hi Steve, I was just checking in on the status of the Hilcorp Milne Point AEO2 application? Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC) Subject:RE: [EXTERNAL] RE: Milne AEO 2 expansion application Date:Monday, October 6, 2025 9:27:37 AM Attachments:image001.png Hi Steve, Yes, we will follow up and get back to you. Have a good week. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Monday, October 6, 2025 9:02 AM To: Graham Emerson <graham.emerson@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Hello Graham, I have a quick question regarding one of the water wells listed for the North Slope. Could Hilcorp please confirm the location and depth of the well shown below and provide that location plotted on a map of the North Slope annotated with the Dalton Highway and the Section- Township-Range grid. I can find the log record within the WELTS system but cannot locate it on the WELTS or Water Estate Map layers within DNR's Alaska Mapper. Thanks for your help, Steve Davies AOGCC From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Wednesday, October 1, 2025 9:07 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Thank you for the update. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, October 1, 2025 8:26 AM To: Graham Emerson <graham.emerson@hilcorp.com> Subject: [EXTERNAL] RE: Milne AEO 2 expansion application Hi Graham, This application is still in the AOGCC's adjudication process. We'll let you know when it's finished. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. Thanks and Be Well, Steve Davies AOGCC From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Tuesday, September 30, 2025 1:26 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: Milne AEO 2 expansion application Hi Steve, I was just checking in on the status of the Hilcorp Milne Point AEO2 application? Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC) Cc:Erik Mundahl Subject:RE: [EXTERNAL] RE: Milne AEO 2 expansion application Date:Tuesday, October 7, 2025 9:34:46 AM Attachments:image001.png image002.png Hey Steve, Erik Mundahl (Environmental Advisor) and I have reviewed the well (well ID 34313). We believe the well location (township and range) has been misreported on WELTS. Erik believes the well is actually located at Pump Station 2 rather than Milepoint 18.7 (south of Deadhorse). The approximate location of the well is U001N015E Section 7. The depth of 618TVD’ appears correct. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Monday, October 6, 2025 9:02 AM To: Graham Emerson <graham.emerson@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Hello Graham, I have a quick question regarding one of the water wells listed for the North Slope. Could Hilcorp please confirm the location and depth of the well shown below and provide that location plotted on a map of the North Slope annotated with the Dalton Highway and the Section-Township-Range grid. I can find the log record within the WELTS system but cannot locate it on the WELTS or Water Estate Map layers within DNR's Alaska Mapper. Thanks for your help, Steve Davies AOGCC From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Wednesday, October 1, 2025 9:07 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Thank you for the update. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, October 1, 2025 8:26 AM To: Graham Emerson <graham.emerson@hilcorp.com> Subject: [EXTERNAL] RE: Milne AEO 2 expansion application Hi Graham, CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. This application is still in the AOGCC's adjudication process. We'll let you know when it's finished. Thanks and Be Well, Steve Davies AOGCC From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Tuesday, September 30, 2025 1:26 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: Milne AEO 2 expansion application Hi Steve, I was just checking in on the status of the Hilcorp Milne Point AEO2 application? Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy ofthis email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard andthe recipient should carry out such virus and other checks as it considers appropriate. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC) Subject:RE: [EXTERNAL] RE: Milne AEO 2 expansion application Date:Tuesday, October 7, 2025 10:28:39 AM Attachments:image001.png image002.png No problem. Thank you. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Tuesday, October 7, 2025 10:05 AM To: Graham Emerson <graham.emerson@hilcorp.com> Cc: Erik Mundahl <Erik.Mundahl@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Graham, Thank you. I suspected as much, and Erik's location confirms my thoughts regarding the actual site of the well. I appreciate your help with this. Thanks Again and Be Well, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Tuesday, October 7, 2025 9:34 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Erik Mundahl <Erik.Mundahl@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Hey Steve, Erik Mundahl (Environmental Advisor) and I have reviewed the well (well ID 34313). We believe the well location (township and range) has been misreported on WELTS. Erik believes the well is actually located at Pump Station 2 rather than Milepoint 18.7 (south of Deadhorse). The approximate location of the well is U001N015E Section 7. The depth of 618TVD’ appears correct. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Monday, October 6, 2025 9:02 AM To: Graham Emerson <graham.emerson@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Hello Graham, I have a quick question regarding one of the water wells listed for the North Slope. Could Hilcorp please confirm the location and depth of the well shown below and provide that location plotted on a map of the North Slope annotated with the Dalton Highway and the Section-Township-Range grid. I can find the log record within the WELTS system but cannot locate it on the WELTS or Water Estate Map layers within DNR's Alaska Mapper. CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. Thanks for your help, Steve Davies AOGCC From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Wednesday, October 1, 2025 9:07 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Thank you for the update. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, October 1, 2025 8:26 AM To: Graham Emerson <graham.emerson@hilcorp.com> Subject: [EXTERNAL] RE: Milne AEO 2 expansion application Hi Graham, This application is still in the AOGCC's adjudication process. We'll let you know when it's finished. Thanks and Be Well, Steve Davies AOGCC From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Tuesday, September 30, 2025 1:26 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: Milne AEO 2 expansion application Hi Steve, I was just checking in on the status of the Hilcorp Milne Point AEO2 application? Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy ofthis email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. From:Davies, Stephen F (OGC) To:Osborne, Evan Cc:Nickel, Brian; Dewhurst, Andrew D (OGC); Starns, Ted C (OGC); Wallace, Chris D (OGC) Subject:RE: Proposed MPU Aquifer Exemption - Timeline to Approval Date:Thursday, October 9, 2025 10:58:00 AM Attachments:image001.png Hello Evan, I'm not certain what is happening with the EPA related to the government shutdown, but I hope you and Brian are not affected. I'm still working on the AOGCC's AEO for the proposed Milne Point Unit expansion and on the EPA's Aquifer Exemption Checklist, so the planned schedule will slip by a week or so. I'll get these to you all as soon as possible. Thanks and Be Well, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Davies, Stephen F (OGC) Sent: Tuesday, August 26, 2025 11:17 AM To: Osborne, Evan <Osborne.Evan@epa.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Starns, Ted C (OGC) <ted.starns@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Subject: RE: Proposed MPU Aquifer Exemption - Timeline to Approval Hello Evan, In answer to your questions: Q: Will you explain what you mean by “AOGCC generally issues the order within 30 days” in this context? A: AOGCC’s governing statute is AD 31.05.060, which reads: Sec. 31.05.060. Action by commission. (a) The commission may act upon its own motion, or upon the petition of an interested person. On the filing of a petition concerning a matter within the jurisdiction of the commission under this chapter, the commission shall promptly fix a date for a hearing and shall cause notice of the hearing to be given. The hearing shall be held without undue delay after the filing of the petition. The commission shall enter its order within 30 days after the hearing. Occasionally a final order is issued more than 30 days after the hearing due to keeping the record open to accommodate submittal of requested additional information. Q: Does AOGCC intent to issue the order within 30 days of September 9th, or would the final Order wait until EPA comments have been resolved and approved? A: AOGCC’s governing Regulation is 20 AAC 25.440 (d), which reads: (d) A commission order designating a freshwater aquifer or a portion of it as an exempt freshwater aquifer is not effective with respect to underground disposal or storage operations subject to 20 AAC 25.252 or injection operations subject to 20 AAC 25.402 until the United States Environmental Protection Agency has been provided the opportunity to review the order under 40 C.F.R. 144.7(b)(3) and has (1) approved the order, if it was issued under (a)(1) of this section; or (2) has allowed the applicable time period within which to disapprove the order to expire without acting on it, if the order was issued under (a)(2) of this section. So, in accordance with that Regulation AOGCC will hold the hearing and issue the order within 30 days. That order will not be effective until EPA has approved the order or allowed the time period to pass as described above. Upon issuing the order we will then submit to Region 10 AOGCC’s complete application that will consist of a copy of AOGCC’s order, a copy of the operator’s application, a copy of the public notice, a summary of all public comments received with any AOGCC responses, and a copy of the public hearing transcript. This will begin Step 1 of the timeline schedule below. Please let me know if you have any additional questions. Thanks Again and Be Well, Steve D. CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Monday, August 25, 2025 4:35 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Starns, Ted C (OGC) <ted.starns@alaska.gov> Subject: RE: Proposed MPU Aquifer Exemption - Timeline to Approval Hi Steve, thanks for taking the time to explain your current position and share the proposed schedule – the dates you’ve filled in seem reasonable. I agree that landing the final decision between Christmas and New Year’s Day is unlikely, but again, this is all a draft schedule to help us manage expectations. We will continue to track progress made by your office and prepare for part in this. Will you explain what you mean by “AOGCC generally issues the order within 30 days” in this context? Does AOGCC intent to issue the order within 30 days of September 9th, or would the final Order wait until EPA comments have been resolved and approved? Naturally, I’d recommend avoiding any final actions by the Commission until after we’ve gone through a review cycle and EPA has had the change to review, resolve comments, and approve. Please help clarify if I’m missing something. You also asked whether you need to submit a formal notice of receipt as instructed by the MOA – I don’t see a need for that at this point. I was sharing that text as a general reminder for everyone. Thanks again, Evan From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Monday, August 25, 2025 5:16 PM To: Osborne, Evan <Osborne.Evan@epa.gov>; chris.wallace@alaska.gov Cc: Nickel, Brian <Nickel.Brian@epa.gov>; Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Starns, Ted C Caution: This email originated from outside EPA, please exercise additional caution when deciding whether to open attachments or click on provided links. (OGC) <ted.starns@alaska.gov> Subject: RE: Proposed MPU Aquifer Exemption - Timeline to Approval Thank you, Evan. By way of update, I’m currently working my way through the original Milne Point Unit aquifer exemption records from 1987, AOGCC’s AEO 2, and Hilcorp’s revised application. I’m compiling a draft order as I go looking for information gaps prior to the hearing. AOGCC’s public hearing is scheduled for September 9th at 10 AM. To my knowledge, AOGCC has not received any comments or request for this hearing, but Chris and I have both recommended to AOGCC’s Commissioners that the hearing be held as scheduled. Once a hearing is held, AOGCC generally issues the order within 30 days, unless the record is held open for requested supplemental information. Having the first-draft order in hand prior to the hearing greatly simplifies and speeds our process. So, your proposed review timeline of April 24th updates as follows: Event Description Est. Time Needed Est. Date Draft Submission AOGCC prepares draft AE record of decision. Submits to EPA for review Four weeks 10/9/2025 First Review EPA reviews, prepares comments, and responds. Three weeks 10/30/25 First Response (if needed). AOGCC prepares responses to EPA’s comments (“First Round of Comments”) Two weeks 11/13/25 Second Response (if needed). EPA reviews, provides further comments. One-to-two weeks 11/26/25 Draft-Final Submission AOGCC finalizes, submits to EPA for approval One-to-two weeks 12/11/25 Final Determination EPA Reviews, makes final determination Two weeks 12/29/25 Questions: Does this seem reasonable, given that we’re approaching the holiday season? Revisiting the Memorandum of Agreement between our agencies (below), I see that I’m remiss on Item C, which is notification to EPA in writing. EPA was provided a copy of the Public Hearing Notice during July for the tentatively scheduled hearing. Is formal notice for the application in writing to Susan Poulsom still required, or will that Public Hearing Notice be sufficient? Thanks Again and Be Well, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Osborne, Evan <Osborne.Evan@epa.gov> Sent: Thursday, August 21, 2025 1:49 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Cc: Nickel, Brian <Nickel.Brian@epa.gov> Subject: RE: Proposed MPU Aquifer Exemption - Timeline to Approval Chris and Steve, Following-up. We’re here to discuss any questions or thoughts you may have - Evan From: Osborne, Evan Sent: Thursday, August 14, 2025 11:00 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; chris.wallace@alaska.gov Cc: Nickel, Brian <Nickel.Brian@epa.gov> Subject: Proposed MPU Aquifer Exemption - Timeline to Approval Chris and Steve, Thanks for sharing the public notice regarding the proposed aquifer exemption at the Milne Point Unit. To ensure the EPA is prepared to act swiftly on any regulatory responsibilities moving forward, we are requesting a response from AOGCC to this email – hopefully by August 20th – on a proposed timeline for completion. Federal rules require EPA to approve any request for an aquifer exemption subsequent to state program approval or promulgation (40 C.F.R. § 144.7(b)). The request submitted by Hilcorp is supported by a demonstration that the Prince Creek formation does not serve as a source of drinking water as it is situated at a depth or location which makes recovery of water for drinking water purposes economically or technologically impractical. The request also states that the identified aquifer contains a Total Dissolved Solids (TDS) content of more than 3,000 and less than 10,000 mg/L and it is not reasonably expected to supply a public water system. We are preparing to evaluate the request through these regulatory pathways. This is also a good time to revisit the Memorandum of Agreement between our agencies, that is attached, and includes the following: My suggestion is that we agree to a draft review cycle to identify potential concerns early in the process to avoid unexpected delays down the line. I posed a draft review schedule back on April 24th and encourage you to consider this schedule. Importantly, it includes potentially two review cycles for EPA and AOGCC to discuss the technical and legal merits of the requested exemption. By establishing a working timeline, we can do everything within our abilities to reach a final determination on this request as soon as possible. I have one more suggestion– since the proposed exemption request is tied to Area Injection Order 10D, consider providing documentation related to this Class II approval as part of the submittal. Any information you can provide that helps explain the association between the two actions would be beneficial, too. Thank you for considering the information and requests, above. We look forward to working with you on this matter. Best Regards, Evan Osborne 206-553-1747 U.S. EPA Region 10 Underground Injection Control Program CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC) Cc:Erik Mundahl Subject:RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Date:Thursday, October 9, 2025 12:16:06 PM Attachments:image002.png image003.png image004.png MPF-02 05.11.24 lab results.pdf Hey Steve, Happy to talk if easier. I am available 1:30-3pm. We provided materials to address the bullet points mentioned below in the ‘EPA Aquifer Exemption Checklist’ in our first go around (pages 13, 16 and 17). Do you need this to be officially submitted? I was assuming you were using this material from the previous go around. Regarding the water sample you requested, find it attached above. Also, I am leaving the State on vacation from today through 19th Oct just as a heads up. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Thursday, October 9, 2025 10:50 AM To: Erik Mundahl <Erik.Mundahl@hilcorp.com>; Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Subject: RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Graham, Erik: In addition to my last request, below, EPA's Aquifer Exemption Checklist--that AOGCC will submit to EPA Region 10 along with the MPU AEO--also requests the following detailed information: All known subsurface structures such as faults affecting the aquifer Lithology Permeability Porosity Groundwater flow direction Upper and lower confining zone(s) and description of vertical confinement from USDWs Any information Hilcorp can provide along with a structure map for the aquifers more recent than that in AEO 2 would be very helpful. Thanks Again for your help, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Davies, Stephen F (OGC) Sent: Wednesday, October 8, 2025 2:10 PM To: 'Erik Mundahl' <Erik.Mundahl@hilcorp.com>; 'Graham Emerson' <Graham.Emerson@hilcorp.com> Subject: RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Graham, Erik: In the Public Hearing testimony on page 32, line 8 and 9, Graham mentions a water sample collected on 5/11/24 that shows a TDS concentration of 2,916 mg/l. Could Hilcorp please provide the original laboratory analytical report for this sample, including date sampled, sample point description, and a listing of the reported values for total TDS and the various component cations and anions. Thanks for your help, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Davies, Stephen F (OGC) Sent: Tuesday, October 7, 2025 4:14 PM To: 'Erik Mundahl' <Erik.Mundahl@hilcorp.com>; Graham Emerson <Graham.Emerson@hilcorp.com> Subject: RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Thank you, Erik. I found your explanation of SA-10 on page 32 of the hearing transcript just as your email arrived. Thanks Again for Your Prompt Help, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Erik Mundahl <Erik.Mundahl@hilcorp.com> Sent: Tuesday, October 7, 2025 3:47 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Graham Emerson <Graham.Emerson@hilcorp.com> Subject: RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Steve, “SA-10” stands for North Slope Borough Service Area 10. It is the regional borough utility service district that covers Prudhoe Bay and includes the Borough-owned drinking water treatment facility and wastewater treatment facility as well as Borough landfill. Their website is available here with additional information. https://www.north-slope.org/departments/public-works/sa10-industrial-development/ In the context of this table, they are referring to the purchase and transfer of treated drinking water from the NSB drinking water treatment facility in Prudhoe Bay. If you have any other questions, please don’t hesitate to let me know. Thank you, Erik D. Mundahl, P.E. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. Environmental Engineer Hilcorp Alaska, LLC 3800 Centerpoint Drive, Suite 1400 Anchorage, AK 99503 Office: (907) 777-8429 Cell: (507) 458-1936 “Not all those who wander are lost.” – J.R.R. Tolkien From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Tuesday, October 7, 2025 3:39 PM To: Graham Emerson <graham.emerson@hilcorp.com>; Erik Mundahl <Erik.Mundahl@hilcorp.com> Subject: RE [EXTERNAL] RE Milne AEO 2 expansion application Graham, Erik: Could you please clarify what or where is "SA-10"? Thanks for Your Help and Be Well, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Davies, Stephen F (OGC) Sent: Tuesday, October 7, 2025 10:05 AM To: Graham Emerson <graham.emerson@hilcorp.com> Cc: Erik Mundahl <Erik.Mundahl@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Graham, Thank you. I suspected as much, and Erik's location confirms my thoughts regarding the actual site of the well. I appreciate your help with this. Thanks Again and Be Well, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Tuesday, October 7, 2025 9:34 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Erik Mundahl <Erik.Mundahl@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Hey Steve, Erik Mundahl (Environmental Advisor) and I have reviewed the well (well ID 34313). We believe the well location (township and range) has been misreported on WELTS. Erik believes the well is actually located at Pump Station 2 rather than Milepoint 18.7 (south of Deadhorse). The approximate location of the well is U001N015E Section 7. The depth of 618TVD’ appears correct. Thanks Graham CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Monday, October 6, 2025 9:02 AM To: Graham Emerson <graham.emerson@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Hello Graham, I have a quick question regarding one of the water wells listed for the North Slope. Could Hilcorp please confirm the location and depth of the well shown below and provide that location plotted on a map of the North Slope annotated with the Dalton Highway and the Section-Township-Range grid. I can find the log record within the WELTS system but cannot locate it on the WELTS or Water Estate Map layers within DNR's Alaska Mapper. Thanks for your help, Steve Davies AOGCC From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Wednesday, October 1, 2025 9:07 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Thank you for the update. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, October 1, 2025 8:26 AM To: Graham Emerson <graham.emerson@hilcorp.com> Subject: [EXTERNAL] RE: Milne AEO 2 expansion application Hi Graham, This application is still in the AOGCC's adjudication process. We'll let you know when it's finished. Thanks and Be Well, Steve Davies AOGCC From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Tuesday, September 30, 2025 1:26 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: Milne AEO 2 expansion application Hi Steve, I was just checking in on the status of the Hilcorp Milne Point AEO2 application? Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. 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If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC) Cc:Erik Mundahl Subject:RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Date:Thursday, October 9, 2025 12:16:06 PM Attachments:image002.png image003.png image004.png MPF-02 05.11.24 lab results.pdf Hey Steve, Happy to talk if easier. I am available 1:30-3pm. We provided materials to address the bullet points mentioned below in the ‘EPA Aquifer Exemption Checklist’ in our first go around (pages 13, 16 and 17). Do you need this to be officially submitted? I was assuming you were using this material from the previous go around. Regarding the water sample you requested, find it attached above. Also, I am leaving the State on vacation from today through 19th Oct just as a heads up. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Thursday, October 9, 2025 10:50 AM To: Erik Mundahl <Erik.Mundahl@hilcorp.com>; Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Subject: RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Graham, Erik: In addition to my last request, below, EPA's Aquifer Exemption Checklist--that AOGCC will submit to EPA Region 10 along with the MPU AEO--also requests the following detailed information: All known subsurface structures such as faults affecting the aquifer Lithology Permeability Porosity Groundwater flow direction Upper and lower confining zone(s) and description of vertical confinement from USDWs Any information Hilcorp can provide along with a structure map for the aquifers more recent than that in AEO 2 would be very helpful. Thanks Again for your help, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Davies, Stephen F (OGC) Sent: Wednesday, October 8, 2025 2:10 PM To: 'Erik Mundahl' <Erik.Mundahl@hilcorp.com>; 'Graham Emerson' <Graham.Emerson@hilcorp.com> Subject: RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Graham, Erik: In the Public Hearing testimony on page 32, line 8 and 9, Graham mentions a water sample collected on 5/11/24 that shows a TDS concentration of 2,916 mg/l. Could Hilcorp please provide the original laboratory analytical report for this sample, including date sampled, sample point description, and a listing of the reported values for total TDS and the various component cations and anions. Thanks for your help, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Davies, Stephen F (OGC) Sent: Tuesday, October 7, 2025 4:14 PM To: 'Erik Mundahl' <Erik.Mundahl@hilcorp.com>; Graham Emerson <Graham.Emerson@hilcorp.com> Subject: RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Thank you, Erik. I found your explanation of SA-10 on page 32 of the hearing transcript just as your email arrived. Thanks Again for Your Prompt Help, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Erik Mundahl <Erik.Mundahl@hilcorp.com> Sent: Tuesday, October 7, 2025 3:47 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Graham Emerson <Graham.Emerson@hilcorp.com> Subject: RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Steve, “SA-10” stands for North Slope Borough Service Area 10. It is the regional borough utility service district that covers Prudhoe Bay and includes the Borough-owned drinking water treatment facility and wastewater treatment facility as well as Borough landfill. Their website is available here with additional information. https://www.north-slope.org/departments/public-works/sa10-industrial-development/ In the context of this table, they are referring to the purchase and transfer of treated drinking water from the NSB drinking water treatment facility in Prudhoe Bay. If you have any other questions, please don’t hesitate to let me know. Thank you, Erik D. Mundahl, P.E. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. Environmental Engineer Hilcorp Alaska, LLC 3800 Centerpoint Drive, Suite 1400 Anchorage, AK 99503 Office: (907) 777-8429 Cell: (507) 458-1936 “Not all those who wander are lost.” – J.R.R. Tolkien From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Tuesday, October 7, 2025 3:39 PM To: Graham Emerson <graham.emerson@hilcorp.com>; Erik Mundahl <Erik.Mundahl@hilcorp.com> Subject: RE [EXTERNAL] RE Milne AEO 2 expansion application Graham, Erik: Could you please clarify what or where is "SA-10"? Thanks for Your Help and Be Well, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Davies, Stephen F (OGC) Sent: Tuesday, October 7, 2025 10:05 AM To: Graham Emerson <graham.emerson@hilcorp.com> Cc: Erik Mundahl <Erik.Mundahl@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Graham, Thank you. I suspected as much, and Erik's location confirms my thoughts regarding the actual site of the well. I appreciate your help with this. Thanks Again and Be Well, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Tuesday, October 7, 2025 9:34 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Erik Mundahl <Erik.Mundahl@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Hey Steve, Erik Mundahl (Environmental Advisor) and I have reviewed the well (well ID 34313). We believe the well location (township and range) has been misreported on WELTS. Erik believes the well is actually located at Pump Station 2 rather than Milepoint 18.7 (south of Deadhorse). The approximate location of the well is U001N015E Section 7. The depth of 618TVD’ appears correct. Thanks Graham CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Monday, October 6, 2025 9:02 AM To: Graham Emerson <graham.emerson@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Hello Graham, I have a quick question regarding one of the water wells listed for the North Slope. Could Hilcorp please confirm the location and depth of the well shown below and provide that location plotted on a map of the North Slope annotated with the Dalton Highway and the Section-Township-Range grid. I can find the log record within the WELTS system but cannot locate it on the WELTS or Water Estate Map layers within DNR's Alaska Mapper. Thanks for your help, Steve Davies AOGCC From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Wednesday, October 1, 2025 9:07 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Thank you for the update. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, October 1, 2025 8:26 AM To: Graham Emerson <graham.emerson@hilcorp.com> Subject: [EXTERNAL] RE: Milne AEO 2 expansion application Hi Graham, This application is still in the AOGCC's adjudication process. We'll let you know when it's finished. Thanks and Be Well, Steve Davies AOGCC From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Tuesday, September 30, 2025 1:26 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: Milne AEO 2 expansion application Hi Steve, I was just checking in on the status of the Hilcorp Milne Point AEO2 application? Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy ofthis email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard andthe recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy ofthis email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard andthe recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. 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Draft Aquifer Exemption Checklist Page 1 of 1 Name of aquifer or portion of aquifer to be exempted: Prince Creek Fm (Top SV2-> Top Ugnu LA3) Depth and thickness of the aquifer: Top SV2 to Top LA3 aquifer is 1334’ TVD (Nik-02) in north to 1502’ TVD (S-37) in south. AEO 2 aquifer exemption is defined as 2000’ TVD to 4500’ TVD for Top and Base respectively in well MPA- 01(API 500292037600). Lithology: Prince Creek deposits are comprised of both non-marine and shallow marine depositional environments responding to a pronounced regressive facies shift linked to early phases of contractional reactivation throughout the Brooks Range foothills. A mix of sands, clays, siltstone and coals are encountered in this interval of Late Cretaceous to Early Tertiary age. Permeability: This ranges from multi Darcy in the cleanest sands to < 1mD in shale beds. Porosity: Porosity in the shallowest, cleanest sands can be up to 40 p.u but varies widely due to the range in lithologies within the proposed exemption interval. Groundwater flow direction: Unknown. Likely from deep to shallow (east to west). Upper and lower confining zone(s) and description of vertical confinement from USDWs: Upper confining zone (aquifer) are silts and shales above the SV2 sand and then the permafrost above this. Lower confining zone is shales within the UG1 (above the LA3 sands) x all known subsurface structures such as faults affecting the aquifer, o The structure is a monocline dipping to the north east that has been normally faulted. The main fault orientation is N10deg. Seismic variance (similar to coherency) surfaces at close to Top aquifer (-2100’ TVDss) and close to Base aquifer (-3200’ TVDss) give an aerial view on the distribution of faults (see confidential figures). Given the 1500’ TVD thick section, faults do not create regional compartments. Fault throws are up to 150’ throw. The aquifer is capped by a thick (average 1500’ TVD thick) section of permafrost. No new injection into the aquifer is being proposed with this AE expansion and aquifer fluids are anticipated to stay in a ‘status quo’ status. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. From:Graham Emerson To:Davies, Stephen F (OGC) Cc:Erik Mundahl; Aaron O"Quinn Subject:RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Date:Thursday, October 9, 2025 2:11:43 PM Attachments:image002.png image003.png image004.png Aquifer Exemption Checklist_CONFIDENTIAL_Figures 2_5_6.pdf Aquifer_Exemption_Checklist_EPA_edited_for_Steve_Oct2025.docx Hey Steve, Since the previous EPA checklist addressed a different proposed boundary, I have reduced it down to the specific questions you asked below (see attached Word document). Also attached are confidential maps and a correlation panel (sent previously in April 2025) delineating structure (seismic variance maps). Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Thursday, October 9, 2025 1:14 PM To: Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Erik Mundahl <Erik.Mundahl@hilcorp.com> Subject: RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Hi Graham, I don't see any records from that previous go around in the folder for the current AEO application. Could you please provide another copy of that EPA Aquifer Exemption Checklist? Thanks Again for your help, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <Graham.Emerson@hilcorp.com> Sent: Thursday, October 9, 2025 12:15 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Erik Mundahl <Erik.Mundahl@hilcorp.com> Subject: RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Hey Steve, Happy to talk if easier. I am available 1:30-3pm. We provided materials to address the bullet points mentioned below in the ‘EPA Aquifer Exemption Checklist’ in our first go around (pages 13, 16 and 17). Do you need this to be officially submitted? I was assuming you were using this material from the previous go around. Regarding the water sample you requested, find it attached above. Also, I am leaving the State on vacation from today through 19th Oct just as a heads up. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Thursday, October 9, 2025 10:50 AM To: Erik Mundahl <Erik.Mundahl@hilcorp.com>; Graham Emerson <Graham.Emerson@hilcorp.com> Cc: Dewhurst, Andrew D (OGC) <andrew.dewhurst@alaska.gov>; Wallace, Chris D (OGC) <chris.wallace@alaska.gov> Subject: RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Graham, Erik: In addition to my last request, below, EPA's Aquifer Exemption Checklist--that AOGCC will submit to EPA Region 10 along with the MPU AEO--also requests the following detailed information: All known subsurface structures such as faults affecting the aquifer Lithology Permeability Porosity Groundwater flow direction Upper and lower confining zone(s) and description of vertical confinement from USDWs Any information Hilcorp can provide along with a structure map for the aquifers more recent than that in AEO 2 would be very helpful. Thanks Again for your help, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Davies, Stephen F (OGC) Sent: Wednesday, October 8, 2025 2:10 PM To: 'Erik Mundahl' <Erik.Mundahl@hilcorp.com>; 'Graham Emerson' <Graham.Emerson@hilcorp.com> Subject: RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Graham, Erik: In the Public Hearing testimony on page 32, line 8 and 9, Graham mentions a water sample collected on 5/11/24 that shows a TDS concentration of 2,916 mg/l. Could Hilcorp please provide the original laboratory CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. analytical report for this sample, including date sampled, sample point description, and a listing of the reported values for total TDS and the various component cations and anions. Thanks for your help, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Davies, Stephen F (OGC) Sent: Tuesday, October 7, 2025 4:14 PM To: 'Erik Mundahl' <Erik.Mundahl@hilcorp.com>; Graham Emerson <Graham.Emerson@hilcorp.com> Subject: RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Thank you, Erik. I found your explanation of SA-10 on page 32 of the hearing transcript just as your email arrived. Thanks Again for Your Prompt Help, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Erik Mundahl <Erik.Mundahl@hilcorp.com> Sent: Tuesday, October 7, 2025 3:47 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov>; Graham Emerson <Graham.Emerson@hilcorp.com> Subject: RE: RE [EXTERNAL] RE Milne AEO 2 expansion application Steve, “SA-10” stands for North Slope Borough Service Area 10. It is the regional borough utility service district that covers Prudhoe Bay and includes the Borough-owned drinking water treatment facility and wastewater treatment facility as well as Borough landfill. Their website is available here with additional information. https://www.north-slope.org/departments/public-works/sa10-industrial-development/ In the context of this table, they are referring to the purchase and transfer of treated drinking water from the NSB drinking water treatment facility in Prudhoe Bay. If you have any other questions, please don’t hesitate to let me know. Thank you, Erik D. Mundahl, P.E. Environmental Engineer Hilcorp Alaska, LLC3800 Centerpoint Drive, Suite 1400 Anchorage, AK 99503 Office: (907) 777-8429 Cell: (507) 458-1936 “Not all those who wander are lost.” – J.R.R. Tolkien From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Tuesday, October 7, 2025 3:39 PM To: Graham Emerson <graham.emerson@hilcorp.com>; Erik Mundahl <Erik.Mundahl@hilcorp.com> Subject: RE [EXTERNAL] RE Milne AEO 2 expansion application Graham, Erik: Could you please clarify what or where is "SA-10"? Thanks for Your Help and Be Well, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Davies, Stephen F (OGC) Sent: Tuesday, October 7, 2025 10:05 AM To: Graham Emerson <graham.emerson@hilcorp.com> Cc: Erik Mundahl <Erik.Mundahl@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Graham, Thank you. I suspected as much, and Erik's location confirms my thoughts regarding the actual site of the well. I appreciate your help with this. Thanks Again and Be Well, Steve Davies AOGCC CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov. From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Tuesday, October 7, 2025 9:34 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Cc: Erik Mundahl <Erik.Mundahl@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. CAUTION: External sender. DO NOT open links or attachments from UNKNOWN senders. Hey Steve, Erik Mundahl (Environmental Advisor) and I have reviewed the well (well ID 34313). We believe the well location (township and range) has been misreported on WELTS. Erik believes the well is actually located at Pump Station 2 rather than Milepoint 18.7 (south of Deadhorse). The approximate location of the well is U001N015E Section 7. The depth of 618TVD’ appears correct. Thanks Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Monday, October 6, 2025 9:02 AM To: Graham Emerson <graham.emerson@hilcorp.com> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Hello Graham, I have a quick question regarding one of the water wells listed for the North Slope. Could Hilcorp please confirm the location and depth of the well shown below and provide that location plotted on a map of the North Slope annotated with the Dalton Highway and the Section-Township-Range grid. I can find the log record within the WELTS system but cannot locate it on the WELTS or Water Estate Map layers within DNR's Alaska Mapper. Thanks for your help, Steve Davies AOGCC From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Wednesday, October 1, 2025 9:07 AM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: RE: [EXTERNAL] RE: Milne AEO 2 expansion application Thank you for the update. Graham From: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Sent: Wednesday, October 1, 2025 8:26 AM To: Graham Emerson <graham.emerson@hilcorp.com> Subject: [EXTERNAL] RE: Milne AEO 2 expansion application Hi Graham, This application is still in the AOGCC's adjudication process. We'll let you know when it's finished. Thanks and Be Well, Steve Davies AOGCC CAUTION: This email originated from outside the State of Alaska mail system. Do not click links or open attachments unless you recognize the sender and know the content is safe. From: Graham Emerson <graham.emerson@hilcorp.com> Sent: Tuesday, September 30, 2025 1:26 PM To: Davies, Stephen F (OGC) <steve.davies@alaska.gov> Subject: Milne AEO 2 expansion application Hi Steve, I was just checking in on the status of the Hilcorp Milne Point AEO2 application? Thanks Graham Graham Emerson | Geoscientist Milne Point Hilcorp Alaska Mobile: +1 (907) 793 0315 Office: +1 (907) 564 5242 graham.emerson@hilcorp.com The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard andthe recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard andthe recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy ofthis email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard andthe recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy ofthis email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy ofthis email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. The information contained in this email message is confidential and may be legally privileged and is intended only for the use of the individual or entity named above. If you are not an intended recipient or if you have received this message in error, you are hereby notified that any dissemination, distribution, or copy of this email is strictly prohibited. If you have received this email in error, please immediately notify us by return email or telephone if the sender's phone number is listed above, then promptly and permanently delete this message. While all reasonable care has been taken to avoid the transmission of viruses, it is the responsibility of the recipient to ensure that the onward transmission, opening, or use of this message and any attachments will not adversely affect its systems or data. No responsibility is accepted by the company in this regard and the recipient should carry out such virus and other checks as it considers appropriate. From:Davies, Stephen F (OGC) To:Poulsom, Susan Cc:Osborne, Evan; Nickel, Brian; Mayers, Timothy; Wallace, Chris D (OGC); Dewhurst, Andrew D (OGC); Starns, Ted C (OGC); Graham Emerson Bcc:Wilson, Greg C (OGC); Chmielowski, Jessie L C (OGC) Subject:AOGCC"s Aquifer Exemption Order No. 2B - Application to EPA Region 10 Date:Thursday, October 23, 2025 9:27:00 AM Attachments:AEO2B.pdf AEO 2B EPA Aquifer Exemption Checklist.pdf AEO 2B - Hilcorp Application.pdf AEO 2B - Public Hearing Notice.pdf AEO 2B - Hearing Transcript and Hilcorp Presentation.pdf AEO 2.pdf Susan Poulsom, Branch Manager Permitting, Drinking Water & Infrastructure Branch Water Division U.S. Environmental Protection Agency, Region 10 Ms. Poulsom, My name is Steve Davies. I’m a Senior Petroleum Geologist with the Alaska Oil and Gas Conservation Commission (AOGCC). I would like to formally submit, for the U.S. Environmental Protection Agency Region 10’s (EPA Region 10) review and consideration, AOGCC’s Aquifer Exemption Order 2B (AEO 2B) to expand the Affected Area of the existing Aquifer Exemption for the Milne Point Unit (MPU), North Slope Borough, Alaska. AEO 2B was issued by the AOGCC on October 22, 2025. Attached to this letter of application are: AOGCC's AEO 2B, EPA Region 10’s Aquifer Exemption Checklist with responses provided by AOGCC and the Operator, Non-confidential portions of the Operator’s application, AOGCC's Public Hearing Notice, and Public Hearing transcript with copies of supporting PowerPoint slides. The portions of the Operator's application that are marked Confidential by the Operator and are not included with this application consist of: A well-log cross-section that trends from northwest to southeast through the MPU and emphasizes the lateral continuity of the aquifers and confining clay layers, and Portions of three seismic lines that display the continuity of corresponding seismic reflections. In response to AOGCC's Public Hearing Notice, there were no requests to hold the hearing, public comments, or protests. AOGCC held the Public Hearing of its own accord on September 9, 2025. The only testimony presented at the hearing was by the Operator's representatives. Also attached for your reference is a copy of the original Aquifer Exemption Order for MPU (AEO 2) that was issued in 1987 by AOGCC and concurred by EPA Region 10. The entire file for that order is available online at https://ogc-docs.commerce.alaska.gov/weblink/0/doc/31409/Page1.aspx. Please note that there is no AEO 2A. The application for that requested exemption expansion was submitted in 2002 and then subsequently withdrawn. I am submitting these documents to EPA Region 10 in conformance with AOGCC’s Regulation 20 AAC 25.440, which governs freshwater aquifer exemptions. Paragraph (d) of that regulation states: (d) A commission order designating a freshwater aquifer or a portion of it as an exempt freshwater aquifer is not effective with respect to underground disposal or storage operations subject to 20 AAC 25.252 or injection operations subject to 20 AAC 25.402 until the United States Environmental Protection Agency has been provided the opportunity to review the order under 40 C.F.R. 144.7(b)(3) and has (1) approved the order, if it was issued under (a)(1) of this section; or (2) has allowed the applicable time period within which to disapprove the order to expire without acting on it, if the order was issued under (a)(2) of this section. In this instance, subparagraph (d)(1) governs because AEO 2B was issued in accordance with the conditions in subparagraph (a)(1)(B) of that regulation: (a) Upon receipt of a letter of application, and in accordance with (b) of this section, the commission will, in its discretion, issue an order designating a freshwater aquifer or portion of it as an exempt freshwater aquifer, if the freshwater aquifer meets the following criteria: (1) it does not currently serve as a source of drinking water, and it cannot now and will not in the future serve as a source of drinking water because (A) it is hydrocarbon-producing or can be demonstrated by the applicant to contain hydrocarbons that, considering their quantity and location, are expected to be commercially producible; (B) it is situated at a depth or location that makes recovery of water for drinking water purposes economically or technologically impractical; or (C) it is so contaminated that recovery of water for drinking water purposes is economically or technologically impractical; or (2) the total dissolved solids content of the ground water is more than 3,000 and less than 10,000 mg/l, and it is not reasonably expected to supply a public water system. Subparagraph (a)(1) applies because the subject aquifers within the expanded MPU Affected Area meet criterion (1)(B): (1)(B) it is situated at a depth or location that makes recovery of water for drinking water purposes economically impractical. The primary criterion for this exemption is (b)(1)(B) as the aquifers at MPU are remotely located and lie beneath a very thick layer of permafrost (the base of which averages about 1,500' depth in the MPU area). Abundant surface water is the source of drinking water for communities and operations throughout the North Slope Borough, including the MPU. By comparison, drilling, equipping, and operating a drinking water well to aquifers beneath the thick permafrost layer are clearly uneconomic when compared to surface water or other potential alternative drinking water sources as is described in the order and within the accompanying EPA checklist. This criterion formed the basis for the existing MPU aquifer exemption (AEO 2) that was approved by AOGCC and concurred by EPA Region 10 in 1987. Subparagraph (a)(2) also applies as a secondary criterion because the aquifers within the expanded Affected Area contain an average total dissolved content of more than 3,000 mg/l, as discussed in AEO 2B and within the responses provided within EPA’s Aquifer Exemption Checklist. Please note that AEO 2B Finding 17 states: Concurrence of the U.S. Environmental Protection Agency (EPA): Pursuant to 20 AAC 25.440(d)(1), the EPA will be provided the opportunity to review and approve this order. The final section of AEO 2B also states: This order is not effective until the United States Environmental Protection Agency has been provided the opportunity to review and approve the order pursuant to 20 AAC 25.440(d)(1).[13] The footnote for that final section states: [13] 20 AAC 25.440(d): “A commission order designating a freshwater aquifer or a portion of it as an exempt freshwater aquifer is not effective with respect to underground disposal or storage operations subject to 20 AAC 25.252 or injection operations subject to 20 AAC 25.402 until the United States Environmental Protection Agency has been provided the opportunity to review the order under 40 C.F.R. 144.7(b)(3) and has (1) approved the order, if it was issued under (a)(1) of this section; or (2) has allowed the applicable time period within which to disapprove the order to expire without acting on it, if the order was issued under (a)(2) of this section.” Please let me know if you or your technical staff need any additional information for EPA Region 10’s review and consideration process. Thank You and Be Well, Steve Davies Senior Petroleum Geologist AOGCC 907-793-1224 steve.davies@alaska.gov CONFIDENTIALITY NOTICE: This e-mail message, including any attachments, contains information from the Alaska Oil and Gas Conservation Commission (AOGCC), State of Alaska and is for the sole use of the intended recipient(s). It may contain confidential and/or privileged information. The unauthorized review, use or disclosure of such information may violate state or federal law. If you are an unintended recipient of this e-mail, please delete it, without first saving or forwarding it, and, so that the AOGCC is aware of the mistake in sending it to you, contact Steve Davies at 907-793-1224 or steve.davies@alaska.gov [3] 20 AAC 25.440.(d): “A commission order designating a freshwater aquifer or a portion of it as an exempt freshwater aquifer is not effective with respect to underground disposal or storage operations subject to 20 AAC 25.252 or injection operations subject to 20 AAC 25.402 until the United States Environmental Protection Agency has been provided the opportunity to review the order under 40 C.F.R. 144.7(b)(3) and has (1) approved the order, if it was issued under (a)(1) of this section; or (2) has allowed the applicable time period within which to disapprove the order to expire without acting on it, if the order was issued under (a)(2) of this section.”