City of Portland 1221 SW 4th Avenue, Room 130, Portland, OR 97204 (503) 823-3546www.portlandoregon.gov/auditor/elections

REV 1/17/2020

City of Portland

Candidate Filing Information Packet

May 19, 2020 Municipal Primary Election

November 3, 2020 Municipal General Election

Mayor

Commissioner, Position No. 1

Commissioner, Positon No. 2 (SPECIAL ELECTION - FILLING REMAINDER OF TERM)

Commissioner, Position No.4

Table of Contents

City of Portland Candidate Filing Packet 2020 Municipal Primary Elections

Introduction 1 Purpose & Authority 1 Elections Contact Information 2

Chapter 1: 2020 Elections Overview 3 Election Dates, Offices on Ballot, Candidate Qualifications, Where to File 3 2020 Elections Calendars 4

Chapter 2: Filing for Office 5 A. Secretary of State Campaign Finance Account Set-Up 5 B. Filing by Declaration & Fee 6 C. Filing by Nominating Petition (in lieu of filing fee) 7

Chapter 3: Withdrawal of Candidacy or Nomination 9

Appendix A: Links to Resources 10

Appendix B: Forms 11

Candidate Filing Forms (all filed with City of Portland Elections Office and available to download from the City’s Elections website)

AUD 120 Filing of Candidacy SEL 121 Petition for Nonpartisan Nomination Signature Sheet SEL 338 Candidate Nominating Petition Submission SEL 150 Withdrawal of Candidacy or Nomination

Campaign Finance Forms (all filed with Secretary of State’s Elections Division and to be filed with the Secretary of State’s Office or through ORESTAR directly)

SEL 220 Statement of Organization for Candidate Committee SEL 223 Campaign Account Information PC7 Certificate of Limited Contributions and Expenditures

NOTES: Separate guidance will be available on City of Portland local campaign finance for candidates during the filing period; this packet is not comprehensive.

For all forms, requirements, training, and other information on how to qualify for public campaign financing through the City’s Open and Accountable Elections program, see www.portlandoregon.gov/oae

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Introduction: Contact Information, Important Dates

Purpose This packet is intended to provide information to candidates interested in filing for City office and appearing on the May 19, 2020 Municipal Primary Election ballot. For each City office on the ballot, if no candidate receives a majority at the May Primary Election, the two candidates receiving the highest number of votes for each office appear on the November 3, 2020 General Election ballot. The candidate receiving the majority of votes cast at the General Election shall be elected. Candidates for City office elected at either the May Primary Election or the November General Election begin their term of office the following January (January 1, 2021).

Authority Use of this information packet is intended solely as a reference guide. Every effort has been made to present clear and accurate information. If you have any questions or suggestions for improvement, the Auditor's Office would appreciate your kindness in notifying us of any inaccuracies by phone, e-mail or in person.

Readers of this information packet should take note that the information contained herein should not be considered as having the same weight and authority as City Code or City Administrative Rules. Candidates are responsible for understanding and complying with the City Code and Administrative Rules, including all laws and required training applicable to participating candidates in the City’s new public campaign finance program (Open and Accountable Elections). In the event any information conflicts, this packet is not controlling, and users must instead follow relevant legal authority.

Contact Information: City of Portland Elections Office of the City Auditor Deborah Scroggin, City Elections Officer

Email elections@portlandoregon.gov Web portlandoregon.gov/auditor/elections

Phone (503)-823-3546 City Hall 1221 SW 4th Ave Room 130

Portland, OR 97204-1900

Note: The Elections Office will communicate elections information to candidates or interested parties primarily by email, unless specified otherwise.

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Contact Information: Other Elections Offices

NEW: For Participating Candidates and Campaigns (and some provisions pertaining to non-participating candidates): City of Portland’s Open and Accountable Elections, A Publicly Financed Campaign Program

Portland’s Open and Accountable Elections (publicly financed campaigns) www.portlandoregon.gov/oae openelections@portlandoregon.gov 503-823-4345Program regulations, candidate guide, and forms

For All Candidates and Campaigns: Campaign Finance Regulations

Oregon Secretary of State Elections Division (Manages online filing transactions & disclosures, account set-up) www.sos.oregon.gov/elections Elections.sos@oregon.gov 503-986-1518 (Salem)Oregon Elections System for Tracking and Reporting (ORESTAR) log inCampaign Finance Reporting in Oregon “Quick Guide” (pdf)Full Campaign Finance Manual (pdf)Other manuals, regulations, and contact information for the state’s Elections Division

For All Candidates and Campaigns: Voters’ Pamphlet, Candidate Statements, & Candidate Endorsement Forms

Multnomah County Elections Division (Oversees Voters’ Pamphlet publications, ballot mailing, returns, and unofficial elections results) www.multco.us/elections Elections@multco.us 503-988-37201040 SE Morrison St.Portland, OR 97214Hours: M-F, 8AM – 5PM

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Chapter 1: 2020 Elections Overview and Calendars

Election Dates Municipal Primary Election - May 19, 2020 Any candidate for City office who receives a majority of votes cast for that office at the

Primary Election will be elected. If no candidate receives a majority of votes cast, then thetwo candidates receiving the highest number of votes for that office shall appear on theNovember Municipal General Election ballot in a run-off election.

Municipal General Election – November 3, 2020

Portland City Offices on the Ballot Commissioner, Position No. 1 (Commissioner Fritz, current official) Commissioner, Position No. 4 (Commissioner Eudaly, current official) Mayor (Mayor Ted Wheeler, current official)

Candidate Qualifications Citizen of the United States and State of Oregon Registered voter in the City of Portland Resident of the City of Portland since May 19, 2019

Filing Period for City Office 8:00 AM September 12, 2019 through 5:00 PM March 10, 2020

Withdrawal Deadline March 13, 2020 at 5:00 PM (Filing fee refunded)

Where to File Office of the City Auditor, City Hall, 1221 SW 4th Avenue, Room 130 (must file in person).

Voters’ Pamphlet City of Portland candidates may appear in the Multnomah, Washington and Clackamas

County Voters’ Pamphlets. To do so, candidates must submit forms and pay a filing feedirectly to the County elections offices.

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2020 Election Calendars

Municipal Primary Election - May 19, 2020

September 12, 2019 First day to file as a candidate November 21, 2019 14-day campaign finance transaction reporting in ORESTAR begins for

contested racesJanuary 15, 2020 Last day to file notice of intent to participate in City’s Open and

Accountable Elections Program (public campaign financing)Contact the program for more information

January 29, 2020 Last day to be certified to participate in City’s Open and AccountableElections Program (public campaign financing)Contact the program for more information

March 10, 2020 Last day to file as a candidateMarch 13, 2020 Last day to withdraw as candidate (otherwise will be on ballot)March 19, 2020 Deadline for Auditor to file list of candidates with CountyMarch 23, 2020 Deadline for candidate filing in Voters' PamphletApril 7, 2020 7-day campaign finance transaction reporting in ORESTAR beginsApril 28, 2020 Last day to register to vote in Primary ElectionMay 19, 2020 Municipal Primary ElectionJune 8, 2020 Deadline for County to deliver abstract of votes to CityJune 18, 2020 Deadline for City to proclaim outcome of election, announce

candidates elected or nominated

Municipal General Election – November 3, 2020

August 28, 2020 Last day to withdraw as a candidate September 8, 2020 Deadline for candidate filing in Voters’ Pamphlet September 22, 2020 7-day campaign finance transaction reporting in ORESTAR beginsNovember 3, 2020 Municipal General ElectionNovember 23, 2020 Deadline for County to deliver Abstract of VotesDecember 3, 2020 Deadline for City to proclaim outcome of election, announce

candidates elected

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Chapter 2: Filing for Office

A. Establish a Principal Campaign Committee

Appendix A of this packet contains the Oregon Secretary of State’s Candidate “Quick Guide,” which will help candidates determine if they need to establish a Candidate Committee.

A candidate may have only one Principal Campaign Committee at one time. Before filing a Principal Campaign Committee, any other existing committee (State, County or otherwise) must be closed.

Candidates Planning to Spend or Receive more than $750 If a candidate plans to receive or spend more than $750 during the entire campaign, he or she must form a Principal Campaign Committee and register it with the Secretary of State through the online campaign finance reporting system ORESTAR (www.sos.oregon.gov/elections) within 3 business days of spending or receiving money. The candidate must also set up a campaign account and submit the Campaign Account Information to the Secretary of State. All forms to set up committees are in Appendix B of this guide.

Candidates Planning to Spend or Receive less than $750 A candidate is not required to establish a campaign account, file a Statement of Organization or file contribution and expenditure transactions if all three of the following conditions are met:

• Candidate serves as the candidate’s own treasurer• Candidate does not have an existing candidate committee• Candidate does not expect to receive or spend more than $750 during a calendar year.

After reviewing and setting up campaign finance accounts and candidate committees as necessary, candidates can proceed to filing for office at City Hall.1

Note: a committee that files a Certificate of Limited Contributions and Expenditures is encouraged to enter its transactions in ORESTAR so that ORESTAR can assist in determining if the committee exceeds the $3,500 threshold.

1 All candidates must abide by the City’s Open and Accountable Elections program, which includes increased reporting deadlines in certain contested races and reporting some transactions to the Director through the City’s application.

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B. Filing for City Office by Declaration & Fee: Option 1

Per City Code Section 2.08.060, a candidate may qualify to appear on the ballot either by filing a declaration of candidacy (A) accompanied by a filing fee or by filing a completed nominating petition (B). All candidates must file for office in person at this time.

(A) How to File for Office by Declaration & Fee:

City Forms and Requirements: AUD 120 - Filing of Candidacy (see appendix B)

File with Elections Office Filing fee: $30 for Commissioner | $50 for Mayor

File with Elections Office; cash or check made payable to City of Portland • Personal Identification

Government-issued ID, such as a driver’s license or passport

State Forms and Requirements: Statement of Organization - If you expect to receive or spend more than $750 in the

calendar year File with Secretary of State – electronically on ORESTAR, or file form SEL 220

Campaign Account Information – If you expect to receive or spend more than $750 in the calendar year File with Secretary of State – electronically on ORESTAR, or form SEL 223

Certificate of Limited Contributions and Expenditures - If you expect to spend or receive less than $3,500 in the calendar year File electronically with Secretary of State on ORESTAR or paper form PC 7

File All Campaign Finance Transactions Using ORESTAR - If you expect to spend or receive more than $3,500 in the calendar year

Determinations about qualification to appear on the ballot as an official candidate will be made in writing to all filers after required forms are submitted and in the order received.

Copies of these required forms are included in Appendix B at the end of this packet. Forms may also be downloaded from the City’s Elections website, requested from the City Elections Officer, (503) 823-3546, or requested in writing from elections@portlanoregon.gov.

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C. Filing for City Office by Nominating Petition (in lieu of filing fee)

A candidate may file for office by submitting the same candidate forms above and by completing a nominating petition. This procedure for filing is required by candidates seeking to qualify for matching public funding through the City’s Open and Accountable Elections program. There are four steps in this procedure are critical to successful filing and are outlined below:

First Step: City Forms and Requirements: AUD 120 – Filing of Candidacy (see appendix B)

Select Filing by Nominating Petition in Section III. of the form File with Elections Office

• Form SEL 121 – Nominating Petition FormFill out all portions, leave signature lines blankCandidates cannot circulate until written approval is given by Elections OfficeFile with Elections Office

• Personal IdentificationGovernment-issued ID, such as a driver’s license or passport

Second Step: Circulation: After receiving written approval to circulate the nominating petition form, candidates gather at least 100 valid City of Portland registered voter signatures. Candidates are responsible for reviewing the circulator’s guide to gathering signatures and adhering by state and local regulations for this process.

Third Step: Submission of Documents and Petition: • Completed Petition - At least 100 signatures of registered City of Portland voters on

approved SEL 121 formFile all original signature sheets with Elections Office

• SEL 338 – Petition submission form, indicating the number of signatures collectedFile with Elections Office each time signatures are submitted for review

Fourth Step: Nominating Petition Review: Once all items in Part I and II above have been submitted, the Elections Office conducts a review of the signature forms and candidate qualifications for office. The office partners with the Multnomah County Elections division to determine validity of all petition signatures. Please note that a candidacy filing via nominating petition is not considered complete until all signatures have been submitted during the filing period and have been verified to contain the required number of valid City or Portland registered voters. All signature sheets must be submitted in time to be verified before the filing deadline of March 10, 2020.

State Forms and Requirements:

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Statement of Organization - If you expect to receive or spend more than $750 in the calendar year File with Secretary of State – electronically on ORESTAR, or file form SEL 220

Campaign Account Information – If you expect to receive or spend more than $750 in the calendar year File with Secretary of State – electronically on ORESTAR, or form SEL 223

Certificate of Limited Contributions and Expenditures - If you expect to spend or receive less than $3,500 in the calendar year File electronically with Secretary of State on ORESTAR or paper form PC 7

File All Campaign Finance Transactions Using ORESTAR - If you expect to spend or receive more than $3,500 in the calendar year

Determinations about qualification to appear on the ballot as an official candidate will be made after this review and qualification for office will be sent in writing to all filers in the order completed filings are received.

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Chapter 3: Withdrawal of Candidacy or Nomination

To withdraw from candidacy or nomination, a candidate must file a Withdrawal of Candidacy or Nomination (SEL 150), available in appendix B of this packet, with the Elections Office. On this form, the candidate provides a reason for the withdrawal and must sign the form attesting that the information is accurate (ORS 249.170 and 249.180).

The deadline for withdrawing a candidacy or nomination is no later than 5:00 pm on:

2020 Municipal Primary Election March 13, 2020

2020 Municipal General Election August 28, 2020

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Appendix A: Links to Candidate and Campaign Resources

Local Resources for Candidates:

Portland 2020 Elections Web Page https://www.portlandoregon.gov/auditor/78908

Portland Open and Accountable Elections Program https:www.portlandoregon.gov/oae

Multnomah County Elections (May 2020 Dates and Voters’ Pamphlet Information) https://multco.us/elections/current-and-upcoming-elections-multnomah-county-elections#may2020

State Resources for City Candidates:

ORESTAR – Online Campaign Finance Reporting System https://secure.sos.state.or.us/oim/login

Local Candidates Manual (Oregon Secretary of State) http://sos.oregon.gov/elections/Documents/county-city-district-candidates.pdf

Campaign Finance Manual (Oregon Secretary of State) http://sos.oregon.gov/elections/Documents/campaign-finance.pdf

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Appendix B: Forms

Candidate “Quick Guide” on Campaign Finance Reporting for state compliance

AUD 120 Filing of Candidacy

SEL 121 Petition for Nonpartisan Nomination Signature Sheet (Note: must be approved before circulating for signatures)

SEL 338 Petition Submission (Note: must be submitted in conjunction with each signature submission containing at least 100 percent of required signatures)

SEL 150 Withdrawal of Candidacy or Nomination

SEL 220* Statement of Organization for Candidate Committee

SEL 223* Campaign Account Information

PC 7* Certificate of Limited Contributions and Expenditures

* These forms must be filed with the Secretary of State’s Campaign Finance Division; theycan be filed online with the State’s ORESTAR system.

City of Portland 1221 SW 4th Avenue, Room 130, Portland, OR 97204 (503) 823-3546 www.portlandoregon.gov/auditor/elections

AUD 120 01/17/2020 ORS 249.031 PCC 2.08.070 PCC 2.08.060

FILING OF CANDIDACY FOR NONPARTISAN NOMINATION FOR CITY OFFICE MAY 19, 2020 PRIMARY ELECTION

Please type or print legibly in black ink.

This information is a matter of public record and may be published or reproduced.

MAY 19, 2020 PRIMARY ELECTION FILING DATES

First Day to File for Candidacy*: Last Day to File for Candidacy: Deadline to Withdraw Candidacy: Last Day to File County Voters' Pamphlet Statement:

*First Day to File for Candidacy for the Special Election of Commissioner, Pos. No. 2:

8:00 AM, Thursday, September 12, 2019 5:00 PM, Tuesday, March 10, 2020 5:00 PM, Friday, March 13, 2020 5:00 PM, Monday, March 23, 2020 8:00 AM, Monday, January 13, 2020

FILING REQUIREMENTS & QUALIFICATIONS FOR OFFICES OF CITY COMMISSIONER AND MAYOR

Filing fee or signature requirement: $30 Commissioner / $50 Mayor OR submit signatures via nominating petition with approved form (100 valid signatures required). NOTE: To be considered for certification by the Open and Accountable Elections Program, candidates must file for office by nominating petition. Qualifications for office: (1) U.S. Citizen; (2) Registered voter in the City of Portland; and (3) City of Portland resident since May 19, 2019.

I. FILING FOR OFFICE OF

Commissioner, Position No. 1 Commissioner, Position No. 2

(Special Election to fill remainder of term) Commissioner, Position No. 4 Mayor

Incumbent for Office

II. CANDIDATE INFORMATION

First Name MI Last

Name should appear on ballot as follows (nicknames or shortened versions of names in parenthesis):

Residential address

City

State

Zip code

County

Mailing Address (for all correspondence)

City

State

Zip code

Home Phone

Work Phone

Cellular Phone

Campaign or Home Email Address

Campaign Phone (optional)

Campaign Website (optional)

III. TYPE OF FILING: Please check one:

Filing by Declaration of Candidacy (PCC 2.08.070). I am filing this Declaration of Candidacy with the required filing fee ($30 Commissioner / $50 Mayor).

Filing by Nomination Petition (PCC 2.08.080). I am filing this Declaration of Candidacy, without a filing fee, by prospective petition, with the proposed signature sheet (form SEL 121).

I understand that submitting this form and the proposed signature sheet do not represent a complete filing for candidacy. A complete filing for candidacy by nominating petition must be accompanied by petition signature submission form (form SEL 338) and at least 100 valid signatures of Portland registered voters. Completed candidate filings can be submitted beginning on September 12th, 2019 per ORS 249.037. Petition circulators will be paid: Yes No

IV. REQUIRED INFORMATION (ORS 249.031, PCC 2.08.070 and PCC 2.08.080)

Occupation (Present employment – paid or unpaid) If no relevant experience, “None” or “N/A” must be entered. If not employed, enter “Not employed”.

Occupational Background (Previous employment – paid or unpaid) If no relevant experience, “None” or “N/A” must be entered.

Prior Governmental Experience (elected or appointed) If no relevant experience, “None” or “N/A” must be entered.

Educational Background (Schools attended). Please use an attachment if needed.

Complete Name of School

(No acronyms)

Last Grade Completed Diploma/Degree/Certificate

(AA, BA, BS, MA, PhD, etc.)

Course of Study

(optional)

Other:

V. CAMPAIGN FINANCE INFORMATION I understand and have reviewed City of Portland specific campaign finance reporting requirements for candidates and campaigns (PCC Sections 2.10.020 B., 2.10.030 A.-C., 2.16.140 C., 2.16.140 D.).

Please check one: I have a candidate committee registered with the Oregon Secretary of State in ORESTAR. I do not have a candidate committee registered in ORESTAR, but I do not expect to spend more than $750 or receive more than $750 during each calendar year. I understand that I must still keep records of all campaign transactions and if total contributions or total expenditures exceed $750 during a calendar year, I must follow the requirements of City and State law, detailed in the City Candidate Filing packet and State Campaign Finance Manual.

I do not have a candidate committee registered in ORESTAR, but I will be filing a Statement of Organization for Candidate Committee with the Oregon Secretary of State’s Office (form SEL 220).

VI. CANDIDATE SIGNATURE

WARNINGS

Supplying false information on this form may result in conviction of a felony with a fine of up to $125,000 and/or prison for up to five years (ORS 260.715). No person shall file a nominating petition or declaration of candidacy for more than one lucrative office before date of the primary election, unless the person first files a written withdrawal with the officer who accepted th initial filing (ORS 249.013(2)). Unless the person has withdrawn from the first filing, all filings are invalid (ORS 249.013(3) and ORS 249.170).

By signing this document, I hereby state that:

I shall accept the nomination or election for the office indicated above;

I shall qualify for said office if elected;

All information provided by me on this form is true to the best of my knowledge; and

No circulators will be compensated based on the number of signatures obtained by the circulator on a prospective petition.

______________________________________ ______________________ Candidate’s Signature Date Signed

SEL 121 rev 01/18 ORS 249.072 County Elections Officials provide a separate certification to attach to the petition.

Candidate Signature Sheet | Nonpartisan Petition ID

SOME Circulators No Circulators for this petition are being paid.

This is a candidate nominating petition. Signers of this page must be active registered voters in the county listed.

County Signatures must be verified by the appropriate county elections official before the petition can be filed with the filing officer.

Candidate Information

Name Office

Election District or Position Number (include city if applicable)

To the Elections Official/Filing Officer, We the undersigned voters, request the candidate’s name be placed on the ballot at the election listed above for nomination to the office indicated.

Signers must initial any changes the circulator makes to their printed name, residence address or date they signed the petition.

Signature Date Signed mm/dd/yy Print Name Residence or Mailing Address street, city, zip code

1

2

3

4

5

6

7

8

9

10

Circulator Certification This certification must be completed by the circulator and additional signatures should not be collected on this sheet once the certification has been signed and dated! I hereby certify that I witnessed the signing of the signature sheet by each individual whose signature appears on the signature sheet, and I believe each person is a voter qualified to sign the petition (ORS 249.061). I also hereby certify that compensation I received, if any, was not based on the number of signatures obtained for this petition.

Circulator Signature Date Signed mm/dd/yy Sheet Number Completed by

Candidate

Printed Name of Circulator Circulator’s Address street, city, zip code

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dŚŝƐĨŝůŝŶŐŝƐĂŶ KƌŝŐŝŶĂů ŵĞŶĚŵĞŶƚ

&ŝůŝŶŐKĨĨŝĐĞƌ

^ĞĐƌĞƚĂƌLJŽĨ^ƚĂƚĞ ŽƵŶƚLJůĞĐƚŝŽŶƐKĨĨŝĐŝĂů ŝƚLJZĞĐŽƌĚĞƌ;ƵĚŝƚŽƌͿ

tŝƚŚĚƌĂǁĂůĨƌŽŵĂŶĚŝĚĂĐLJŽƌEŽŵŝŶĂƚŝŽŶĨŽƌKĨĨŝĐĞ/ŶĨŽƌŵĂƚŝŽŶKĨĨŝĐĞŽĨ

ŝƐƚƌŝĐƚWŽƐŝƚŝŽŶŽƌŽƵŶƚLJ

ĂŶĚŝĚĂĐLJĨŽƌEŽŵŝŶĂƚŝŽŶWůĞĂƐĞŝŶĚŝĐĂƚĞďĞůŽǁǁŚĂƚƉĂƌƚLJŽƌƉĂƌƚŝĞƐLJŽƵĂƌĞǁŝƚŚĚƌĂǁŝŶŐĨƌŽŵ

ŽŶƐƚŝƚƵƚŝŽŶ ĞŵŽĐƌĂƚŝĐ /ŶĚĞƉĞŶĚĞŶƚ >ŝďĞƌƚĂƌŝĂŶ

WĂĐŝĨŝĐ'ƌĞĞŶ WƌŽŐƌĞƐƐŝǀĞ ZĞƉƵďůŝĐĂŶ tŽƌŬŝŶŐ&ĂŵŝůŝĞƐ

ĂŶĚŝĚĂƚĞĂŶĚEŽŵŝŶĞĞ/ŶĨŽƌŵĂƚŝŽŶ

EĂŵĞŽĨĂŶĚŝĚĂƚĞ

&ŝƌƐƚ D/ >ĂƐƚ ^ƵĨĨŝdž

ĂŶĚŝĚĂƚĞZĞƐŝĚĞŶĐĞZŽƵƚĞĚĚƌĞƐƐ

^ƚƌĞĞƚĚĚƌĞƐƐ ŝƚLJ ^ƚĂƚĞ ŝƉ

ĂŶĚŝĚĂƚĞDĂŝůŝŶŐĚĚƌĞƐƐ ĂŶĚŽŶƚĂĐƚ/ŶĨŽƌŵĂƚŝŽŶKŶůLJŽŶĞƉŚŽŶĞŶƵŵďĞƌĂŶĚĂŶĞŵĂŝůĂƌĞƌĞƋƵŝƌĞĚ

^ƚƌĞĞƚĚĚƌĞƐƐ ŽƌWKŽdž ŝƚLJ ^ƚĂƚĞ ŝƉ

tŽƌŬWŚŽŶĞ ,ŽŵĞWŚŽŶĞ ĞůůWŚŽŶĞ &Ădž

ŵĂŝůĚĚƌĞƐƐ ;ƌĞƋƵŝƌĞĚͿ tĞď^ŝƚĞŝĨĂƉƉůŝĐĂďůĞ

tŝƚŚĚƌĂǁĂůZĞĂƐŽŶͲ/ƐƵďŵŝƚŶŽƚŝĐĞŽĨǁŝƚŚĚƌĂǁĂůĨƌŽŵĐĂŶĚŝĚĂĐLJŽƌŶŽŵŝŶĂƚŝŽŶƚŽƚŚĞĂďŽǀĞŶĂŵĞĚŽĨĨŝĐĞDLJƌĞĂƐŽŶĨŽƌǁŝƚŚĚƌĂǁĂůŝƐ

LJƐŝŐŶŝŶŐƚŚŝƐĚŽĐƵŵĞŶƚ/ŚĞƌĞďLJƐƚĂƚĞƚŚĂƚ

ї /ǁŝƚŚĚƌĂǁŵLJĐĂŶĚŝĚĂĐLJŽƌŶŽŵŝŶĂƚŝŽŶĨŽƌƚŚĞŽĨĨŝĐĞƐƚĂƚĞĚĂďŽǀĞĂŶĚї dŚĞƌĞĂƐŽŶƐƉƌŽǀŝĚĞĚďLJŵĞŽŶƚŚŝƐĨŽƌŵĨŽƌǁŝƚŚĚƌĂǁĂůĂƌĞƚƌƵĞ

tĂƌŶŝŶŐ^ƵƉƉůLJŝŶŐĨĂůƐĞŝŶĨŽƌŵĂƚŝŽŶŽŶƚŚŝƐĨŽƌŵŵĂLJƌĞƐƵůƚŝŶĐŽŶǀŝĐƚŝŽŶŽĨĂĨĞůŽŶLJǁŝƚŚĂĨŝŶĞŽĨƵƉƚŽΨϭϮϱϬϬϬĂŶĚŽƌƉƌŝƐŽŶĨŽƌƵƉƚŽϱLJĞĂƌƐ;KZ^ϮϲϬϳϭϱͿ

ĂŶĚŝĚĂƚĞƐ^ŝŐŶĂƚƵƌĞ ĂƚĞ^ŝŐŶĞĚ

ŽŶƚŝŶƵĞĚŽŶƉĂŐĞϮŽĨƚŚŝƐĨŽƌŵ

^ƚĂƚĞŵĞŶƚŽĨKƌŐĂŶŝnjĂƚŝŽŶĨŽƌĂĂŶĚŝĚĂƚĞ ŽŵŵŝƚƚĞĞ ^>ϮϮϬƌĞǀϭϮϬϭϴ

KZ^ϮϲϬϬϯϵ

^ƚĂƚĞŵĞŶƚŽĨKƌŐĂŶŝnjĂƚŝŽŶ/ŶĨŽƌŵĂƚŝŽŶĐĂŶĚŝĚĂƚĞŵĂLJŚĂǀĞŽŶůLJŽŶĞĂŶĚŝĚĂƚĞŽŵŵŝƚƚĞĞ

&ŝůŝŶŐĂEĞǁŽŵŵŝƚƚĞĞdŚŝƐĨŽƌŵĂůŽŶŐǁŝƚŚƚŚĞĂŵƉĂŝŐŶĐĐŽƵŶƚ/ŶĨŽƌŵĂƚŝŽŶĨŽƌŵ;^>ϮϮϯͿŵƵƐƚďĞĐŽŵƉůĞƚĞĚĂŶĚĨŝůĞĚŶŽƚůĂƚĞƌƚŚĂŶϯďƵƐŝŶĞƐƐĚĂLJƐ ŽĨĨŝƌƐƚƌĞĐĞŝǀŝŶŐĂĐŽŶƚƌŝďƵƚŝŽŶŽƌŵĂŬŝŶŐĂŶĞdžƉĞŶĚŝƚƵƌĞdŚĞKƌŝŐŝŶĂůďŽdžƐŚŽƵůĚďĞŵĂƌŬĞĚŽŶďŽƚŚĨŽƌŵƐ

ĂŶĚŝĚĂƚĞtŚŽ^ĞƌǀĞƐĂƐƚŚĞdƌĞĂƐƵƌĞƌĐĂŶĚŝĚĂƚĞŵĂLJĞŝƚŚĞƌƐĞƌǀĞĂƐƚŚĞĐĂŶĚŝĚĂƚĞƐŽǁŶƚƌĞĂƐƵƌĞƌŽƌŵĂLJĂƉƉŽŝŶƚĂƐĞƉĂƌĂƚĞƚƌĞĂƐƵƌĞƌĐĂŶĚŝĚĂƚĞǁŚŽƐĞƌǀĞƐĂƐƚŚĞŝƌŽǁŶƚƌĞĂƐƵƌĞƌĚŽĞƐŶŽƚŚĂǀĞĂŶĞdžŝƐƚŝŶŐĐĂŶĚŝĚĂƚĞĐŽŵŵŝƚƚĞĞĂŶĚĚŽĞƐŶŽƚĞdžƉĞĐƚƚŽƌĞĐĞŝǀĞŽƌƐƉĞŶĚŵŽƌĞƚŚĂŶΨϳϱϬĚƵƌŝŶŐ ĂĐĂůĞŶĚĂƌLJĞĂƌŝƐŶŽƚƌĞƋƵŝƌĞĚƚŽĞƐƚĂďůŝƐŚĂĐĂŵƉĂŝŐŶĂĐĐŽƵŶƚĨŝůĞĂ^ƚĂƚĞŵĞŶƚŽĨKƌŐĂŶŝnjĂƚŝŽŶŽƌĨŝůĞĐĂŵƉĂŝŐŶĨŝŶĂŶĐĞƚƌĂŶƐĂĐƚŝŽŶƐ,ŽǁĞǀĞƌŝĨĂƚĂŶLJƚŝŵĞƚŚĞĐĂŶĚŝĚĂƚĞĞdžĐĞĞĚƐΨϳϱϬŝŶĞŝƚŚĞƌĐŽŶƚƌŝďƵƚŝŽŶƐŽƌĞdžƉĞŶĚŝƚƵƌĞƐŝŶĂĐĂůĞŶĚĂƌLJĞĂƌƚŚĞĐĂŶĚŝĚĂƚĞŵƵƐƚƚŚĞŶĞƐƚĂďůŝƐŚĂĐĂŵƉĂŝŐŶĂĐĐŽƵŶƚĨŝůĞĂ^ƚĂƚĞŵĞŶƚŽĨKƌŐĂŶŝnjĂƚŝŽŶĂŶĚĨŝůĞĐŽŶƚƌŝďƵƚŝŽŶĂŶĚĞdžƉĞŶĚŝƚƵƌĞƚƌĂŶƐĂĐƚŝŽŶƐ^ĞĞƚŚĞϮϬϭϴĂŵƉĂŝŐŶ&ŝŶĂŶĐĞDĂŶƵĂůĨŽƌƚŚĞĚĞĂĚůŝŶĞƚŽĨŝůĞƚŚĞĐŽŵŵŝƚƚĞĞŝĨƚŚĞΨϳϱϬƚŚƌĞƐŚŽůĚŝƐĞdžĐĞĞĚĞĚEKddŚĞƐƚĂƚĞǀŽƚĞƌƐƉĂŵƉŚůĞƚĨĞĞŝƐĞdžĞŵƉƚĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨĐĂůĐƵůĂƚŝŶŐƚŚĞΨϳϱϬƚŚƌĞƐŚŽůĚ

ŵĞŶĚŵĞŶƚŶLJĐŚĂŶŐĞŝŶƚŚĞŝŶĨŽƌŵĂƚŝŽŶŽŶƚŚŝƐĨŽƌŵŵƵƐƚďĞĨŝůĞĚŶŽƚůĂƚĞƌƚŚĂŶϭϬĐĂůĞŶĚĂƌĚĂLJƐŽĨƚŚĞĐŚĂŶŐĞdŽŶŽƚŝĨLJƚŚĞůĞĐƚŝŽŶƐŝǀŝƐŝŽŶŽĨĂĐŚĂŶŐĞŝŶŝŶĨŽƌŵĂƚŝŽŶƐƵďŵŝƚƚŚŝƐĨŽƌŵĐŽŵƉůĞƚĞĚŝŶŝƚƐĞŶƚŝƌĞƚLJĂŶĚŵĂƌŬƚŚĞŵĞŶĚŵĞŶƚďŽdžŶĞǁůLJĂƉƉŽŝŶƚĞĚƚƌĞĂƐƵƌĞƌŵƵƐƚďĞĂƐŝŐŶĞƌŽŶƚŚĞĐĂŵƉĂŝŐŶĂĐĐŽƵŶƚƚŚĞƌĞĨŽƌĞĂŶĂŵĞŶĚĞĚ^>ϮϮϯŵƵƐƚĂůƐŽďĞĨŝůĞĚ

ŝƐĐŽŶƚŝŶƵĂƚŝŽŶĐŽŵŵŝƚƚĞĞ ŵĂLJďĞĚŝƐĐŽŶƚŝŶƵĞĚ ŝĨƚŚĞƌĞĂƌĞŶŽŽƵƚƐƚĂŶĚŝŶŐĚĞďƚƐŽƌŽďůŝŐĂƚŝŽŶƐĂnjĞƌŽĐĂƐŚďĂůĂŶĐĞŝƐĂĐŚŝĞǀĞĚĂŶĚƚŚĞĐĂŵƉĂŝŐŶĂĐĐŽƵŶƚŝƐĐůŽƐĞĚ dŽĚŝƐĐŽŶƚŝŶƵĞĨŝůĞ ĂĐŽŵƉůĞƚĞĚ^>ϮϮϬǁŝƚŚƚŚĞŝƐĐŽŶƚŝŶƵĂƚŝŽŶďŽdžŵĂƌŬĞĚ

dŚŝƐĨŝůŝŶŐ ŝƐĂŶ KƌŝŐŝŶĂů ŵĞŶĚŵĞŶƚ ŝƐĐŽŶƚŝŶƵĂƚŝŽŶ

ŽŵŵŝƚƚĞĞ/ŶĨŽƌŵĂƚŝŽŶEĂŵĞŽĨŽŵŵŝƚƚĞĞ ;ŝĨĐŚĂŶŐŝŶŐƚŚĞĐŽŵŵŝƚƚĞĞŶĂŵĞƉůĞĂƐĞŝŶĐůƵĚĞƚŚĞĨŽƌŵĞƌŶĂŵĞͿ

ŽŵŵŝƚƚĞĞĚĚƌĞƐƐEŽƉŽƐƚŽĨĨŝĐĞďŽdžĂŶĚŵƵƐƚďĞĂŶĂĚĚƌĞƐƐŝŶKƌĞŐŽŶ^ƚƌĞĞƚ ĚĚƌĞƐƐ ŝƚLJ ^ƚĂƚĞ ŝƉ

ĂŵƉĂŝŐŶWŚŽŶĞ džƚĞŶƐŝŽŶ

ĂŶĚŝĚĂƚĞ /ŶĨŽƌŵĂƚŝŽŶEĂŵĞŽĨĂŶĚŝĚĂƚĞ

Dƌ &ŝƌƐƚ D/ >ĂƐƚ ^ƵĨĨŝdž dŝƚůĞDƐ

ĂŶĚŝĚĂƚĞĚĚƌĞƐƐEŽƉŽƐƚŽĨĨŝĐĞďŽdž^ƚƌĞĞƚ ĚĚƌĞƐƐ ŝƚLJ ^ƚĂƚĞ ŝƉ

DĂŝůŝŶŐĚĚƌĞƐƐĨŽƌĂŶĚŝĚĂƚĞŽƌƌĞƐƉŽŶĚĞŶĐĞ^ƚƌĞĞƚĚĚƌĞƐƐŽƌWKŽdž ŝƚLJ ^ƚĂƚĞ ŝƉ

ĂŶĚŝĚĂƚĞKĐĐƵƉĂƚŝŽŶĂů/ŶĨŽƌŵĂƚŝŽŶ^ĞůĨͲŵƉůŽLJĞĚ KĐĐƵƉĂƚŝŽŶ;ŝĨ^ĞůĨͲŵƉůŽLJĞĚ ŝŶĚŝĐĂƚĞƚŚĞŶĂƚƵƌĞŽĨƚŚĞďƵƐŝŶĞƐƐͿEŽƚŵƉůŽLJĞĚ

ŵƉůŽLJĞƌƐEĂŵĞ ŝƚLJ ^ƚĂƚĞ

ĂŶĚŝĚĂƚĞŽŶƚĂĐƚ/ŶĨŽƌŵĂƚŝŽŶtŽƌŬWŚŽŶĞ ,ŽŵĞWŚŽŶĞ &Ădž ŵĂŝůĚĚƌĞƐƐ

dƌĞĂƐƵƌĞƌ/ŶĨŽƌŵĂƚŝŽŶEĂŵĞŽĨdƌĞĂƐƵƌĞƌ

Dƌ &ŝƌƐƚ D/ >ĂƐƚ ^ƵĨĨŝdž dŝƚůĞDƐ

DĂŝůŝŶŐĚĚƌĞƐƐĂŶĚŽŶƚĂĐƚ/ŶĨŽƌŵĂƚŝŽŶĨŽƌdƌĞĂƐƵƌĞƌŽƌƌĞƐƉŽŶĚĞŶĐĞ^ƚƌĞĞƚĚĚƌĞƐƐŽƌWKŽdž ŝƚLJ ^ƚĂƚĞ ŝƉ

tŽƌŬWŚŽŶĞ ,ŽŵĞWŚŽŶĞ &Ădž ŵĂŝůĚĚƌĞƐƐ

&ŽƌKĨĨŝĐĞhƐĞKŶůLJ /ŶŝƚŝĂůƐ / ĂƚĞ^>ϮϮϯZĞĐĞŝǀĞĚ ƚƚĂĐŚĞĚƚŽŽŵŵŝƚƚĞĞ

ŝƌĞĐƚŽƌ /ŶĨŽƌŵĂƚŝŽŶ /ĨƚŚĞĐŽŵŵŝƚƚĞĞŚĂƐŵŽƌĞƚŚĂŶŽŶĞĚŝƌĞĐƚŽƌĂƚƚĂĐŚĂůŝƐƚŽĨĂĚĚŝƚŝŽŶĂůĚŝƌĞĐƚŽƌƐĂŶĚŝŶĐůƵĚĞĂůůƌĞƋƵŝƌĞĚŝŶĨŽƌŵĂƚŝŽŶ /ĨƚǁŽŽƌŵŽƌĞĚŝƌĞĐƚŽƌƐŽĨƚŚŝƐĐŽŵŵŝƚƚĞĞĂƌĞĚŝƌĞĐƚŽƌƐŽĨĂŶŽƚŚĞƌĐŽŵŵŝƚƚĞĞĂůƐŽůŝƐƚƚŚĞŶĂŵĞŽĨƚŚĞĚŝƌĞĐƚŽƌĂŶĚƚŚĞŶĂŵĞĂŶĚĂĚĚƌĞƐƐŽĨƚŚĞŽƚŚĞƌĐŽŵŵŝƚƚĞĞ ŽŶƚŚĞĂƚƚĂĐŚĞĚůŝƐƚEĂŵĞŽĨŝƌĞĐƚŽƌ

Dƌ &ŝƌƐƚ D/ >ĂƐƚ ^ƵĨĨŝdž dŝƚůĞDƐ

DĂŝůŝŶŐĚĚƌĞƐƐĨŽƌŝƌĞĐƚŽƌ^ƚƌĞĞƚĚĚƌĞƐƐŽƌWKŽdž ŝƚLJ ^ƚĂƚĞ ŝƉ

ŝƌĞĐƚŽƌKĐĐƵƉĂƚŝŽŶĂů/ŶĨŽƌŵĂƚŝŽŶ^ĞůĨͲŵƉůŽLJĞĚ KĐĐƵƉĂƚŝŽŶ;ŝĨ^ĞůĨͲŵƉůŽLJĞĚ ŝŶĚŝĐĂƚĞƚŚĞŶĂƚƵƌĞŽĨƚŚĞďƵƐŝŶĞƐƐͿEŽƚŵƉůŽLJĞĚ

ŵƉůŽLJĞƌƐEĂŵĞ ŝƚLJ ^ƚĂƚĞ tŽƌŬWŚŽŶĞ

ůƚĞƌŶĂƚĞdƌĂŶƐĂĐƚŝŽŶ&ŝůĞƌ/ŶĨŽƌŵĂƚŝŽŶƉĞƌƐŽŶŽƚŚĞƌƚŚĂŶƚŚĞĐĂŶĚŝĚĂƚĞŽƌƚƌĞĂƐƵƌĞƌƚŚŝƐŝƐŽƉƚŝŽŶĂůEĂŵĞŽĨůƚĞƌŶĂƚĞdƌĂŶƐĂĐƚŝŽŶ &ŝůĞƌ

Dƌ &ŝƌƐƚ D/ >ĂƐƚ ^ƵĨĨŝdž dŝƚůĞDƐ

DĂŝůŝŶŐ ĚĚƌĞƐƐĂŶĚŽŶƚĂĐƚ/ŶĨŽƌŵĂƚŝŽŶĨŽƌůƚĞƌŶĂƚĞdƌĂŶƐĂĐƚŝŽŶ&ŝůĞƌ^ƚƌĞĞƚĚĚƌĞƐƐŽƌWKŽdž ŝƚLJ ^ƚĂƚĞ ŝƉ

tŽƌŬWŚŽŶĞ ŵĂŝůĚĚƌĞƐƐ

ŽƌƌĞƐƉŽŶĚĞŶĐĞZĞĐŝƉŝĞŶƚ/ŶĨŽƌŵĂƚŝŽŶ ƉĞƌƐŽŶŽƚŚĞƌƚŚĂŶƚŚĞĐĂŶĚŝĚĂƚĞŽƌƚƌĞĂƐƵƌĞƌƚŚŝƐŝƐŽƉƚŝŽŶĂůEĂŵĞŽĨŽƌƌĞƐƉŽŶĚĞŶĐĞZĞĐŝƉŝĞŶƚ

Dƌ &ŝƌƐƚ D/ >ĂƐƚ ^ƵĨĨŝdž dŝƚůĞDƐ

DĂŝůŝŶŐĚĚƌĞƐƐĂŶĚŽŶƚĂĐƚ/ŶĨŽƌŵĂƚŝŽŶĨŽƌŽƌƌĞƐƉŽŶĚĞŶĐĞZĞĐŝƉŝĞŶƚ^ƚƌĞĞƚ ĚĚƌĞƐƐŽƌWKŽdž ŝƚLJ ^ƚĂƚĞ ŝƉ

tŽƌŬWŚŽŶĞ ŵĂŝůĚĚƌĞƐƐ

KĨĨŝĐĞ/ŶĨŽƌŵĂƚŝŽŶĨŽƌĂŶĚŝĚĂƚĞKĨĨŝĐĞ ^ŽƵŐŚƚďLJĂŶĚŝĚĂƚĞ ŝƐƚƌŝĐƚWŽƐŝƚŝŽŶŽƵŶƚLJŽƌŝƚLJ WŽƐŝƚŝŽŶEƵŵďĞƌ

ĂŶĚŝĚĂƚĞůĞĐƚŝŽŶĐƚŝǀŝƚLJWƌŝŵĂƌLJϮϬ 'ĞŶĞƌĂů ϮϬ KƚŚĞƌůĞĐƚŝŽŶĂƚĞ

WĂƌƚLJĨĨŝůŝĂƚŝŽŶŚŽŽƐĞŽŶĞŝĨĨŝůŝŶŐĨŽƌĂƉĂƌƚŝƐĂŶŽĨĨŝĐĞŽŶƐƚŝƚƵƚŝŽŶ ĞŵŽĐƌĂƚŝĐ /ŶĚĞƉĞŶĚĞŶƚ >ŝďĞƌƚĂƌŝĂŶ WĂĐŝĨŝĐ'ƌĞĞŶWƌŽŐƌĞƐƐŝǀĞ ZĞƉƵďůŝĐĂŶ tŽƌŬŝŶŐ&ĂŵŝůŝĞƐ EŽŶĂĨĨŝůŝĂƚĞĚ KƚŚĞƌ

KƚŚĞƌůĞĐƚŝŽŶĐƚŝǀŝƚLJŽŵƉůĞƚĞŽŶůLJŝĨƚŚĞĐĂŶĚŝĚĂƚĞǁŝůůďĞĂĐƚŝǀĞĂƚĂŶĞůĞĐƚŝŽŶǁŚĞƌĞƚŚĞĐĂŶĚŝĚĂƚĞƐŶĂŵĞǁŝůůŶŽƚďĞƉƌŝŶƚĞĚŽŶƚŚĞďĂůůŽƚ

ůĞĐƚŝŽŶĂƚĞ^ƵƉƉŽƌƚƐŽƌŽƉƉŽƐĞƐŵƵůƚŝƉůĞĐĂŶĚŝĚĂƚĞƐĂŶĚŵĞĂƐƵƌĞƐ^ƵƉƉŽƌƚƐƐƉĞĐŝĨŝĐŵĞĂƐƵƌĞ;ƐͿŽƌƌĞĐĂůů;ƐͿ DĞĂƐƵƌĞEƵŵďĞƌ;ƐͿĂŶĚŝĚĂƚĞ;ƐͿďĞŝŶŐƌĞĐĂůůĞĚKƉƉŽƐĞƐƐƉĞĐŝĨŝĐŵĞĂƐƵƌĞ;ƐͿŽƌƌĞĐĂůů;ƐͿ DĞĂƐƵƌĞEƵŵďĞƌ;ƐͿĂŶĚŝĚĂƚĞ;ƐͿďĞŝŶŐƌĞĐĂůůĞĚ

^> ϮϮϯ/ŶĨŽƌŵĂƚŝŽŶƚƚĂĐŚĞĚŝƐĂĂŵƉĂŝŐŶĐĐŽƵŶƚ/ŶĨŽƌŵĂƚŝŽŶĨŽƌŵ;^>ϮϮϯͿ zĞƐ EŽĂŶĚŝĚĂƚĞƐ ƚƚĞƐƚĂƚŝŽŶĂŶĚŝĨĂƉƉůŝĐĂďůĞdƌĞĂƐƵƌĞƌƐ ƚƚĞƐƚĂƚŝŽŶLJƐŝŐŶŝŶŐƚŚŝƐĚŽĐƵŵĞŶƚ/ĂĐŬŶŽǁůĞĚŐĞƚŚĂƚ/ĂŵĂŶKƌĞŐŽŶĞůĞĐƚŽƌ/ĂŵƉĞƌƐŽŶĂůůLJůŝĂďůĞĨŽƌĂŶLJƉĞŶĂůƚŝĞƐŝŵƉŽƐĞĚƵŶĚĞƌKZ^ŚĂƉƚĞƌϮϲϬĂŶĚ/ĂƚƚĞƐƚƚŚĂƚƚŚĞŝŶĨŽƌŵĂƚŝŽŶŽŶƚŚŝƐ ĨŽƌŵŝƐƚƌƵĞĂŶĚĐŽƌƌĞĐƚ

LJƐŝŐŶŝŶŐƚŚŝƐĚŽĐƵŵĞŶƚ/ĂĐŬŶŽǁůĞĚŐĞƚŚĂƚ/ĂŵĂŶKƌĞŐŽŶĞůĞĐƚŽƌĂŶĚ/ĂƚƚĞƐƚƚŚĂƚƚŚĞŝŶĨŽƌŵĂƚŝŽŶŽŶƚŚĞĨŽƌŵŝƐƚƌƵĞĂŶĚĐŽƌƌĞĐƚ

ĂŶĚŝĚĂƚĞƐ ^ŝŐŶĂƚƵƌĞ ĂƚĞ^ŝŐŶĞĚ dƌĞĂƐƵƌĞƌƐ^ŝŐŶĂƚƵƌĞ ĂƚĞ^ŝŐŶĞĚ

&ŽƌKĨĨŝĐĞhƐĞKŶůLJ /ŶŝƚŝĂůƐŽŵŵŝƚƚĞĞEƵŵďĞƌ

ĂƚĞƚƚĂĐŚĞĚƚŽŽŵŵŝƚƚĞĞ

ĂŵƉĂŝŐŶĐĐŽƵŶƚ/ŶĨŽƌŵĂƚŝŽŶ ^>ϮϮϯƌĞǀϭϮϬϭϴ

KZ^ϮϲϬϬϱϰ

&ŝůŝŶŐĂEĞǁŽŵŵŝƚƚĞĞ dŚŝƐĨŽƌŵĂůŽŶŐǁŝƚŚƚŚĞĂƉƉƌŽƉƌŝĂƚĞ^ƚĂƚĞŵĞŶƚŽĨKƌŐĂŶŝnjĂƚŝŽŶĨŽƌŵ;^>ϮϮϬϮϮϭŽƌϮϮϮͿ ŵƵƐƚďĞĐŽŵƉůĞƚĞĚĂŶĚĨŝůĞĚŶŽƚůĂƚĞƌƚŚĂŶϯďƵƐŝŶĞƐƐĚĂLJƐ ŽĨĨŝƌƐƚƌĞĐĞŝǀŝŶŐĂĐŽŶƚƌŝďƵƚŝŽŶŽƌŵĂŬŝŶŐĂŶĞdžƉĞŶĚŝƚƵƌĞdŚĞKƌŝŐŝŶĂůďŽdžƐŚŽƵůĚďĞŵĂƌŬĞĚŽŶďŽƚŚĨŽƌŵƐ

ŵĞŶĚŝŶŐ/ŶĨŽƌŵĂƚŝŽŶŽŶƚŚŝƐ&Žƌŵ ŶLJĐŚĂŶŐĞŝŶƚŚĞŝŶĨŽƌŵĂƚŝŽŶŽŶƚŚŝƐĨŽƌŵŵƵƐƚďĞĨŝůĞĚŶŽƚůĂƚĞƌƚŚĂŶϭϬĚĂLJƐ ŽĨƚŚĞĐŚĂŶŐĞdŽŶŽƚŝĨLJƚŚĞůĞĐƚŝŽŶƐŝǀŝƐŝŽŶŽĨĂĐŚĂŶŐĞŝŶŝŶĨŽƌŵĂƚŝŽŶƐƵďŵŝƚƚŚŝƐĨŽƌŵĐŽŵƉůĞƚĞĚŝŶŝƚƐĞŶƚŝƌĞƚLJĂŶĚŵĂƌŬƚŚĞŵĞŶĚŵĞŶƚďŽdžŶĂŵĞŶĚĞĚ^>ϮϮϬϮϮϭŽƌϮϮϮƐŚŽƵůĚŶŽƚďĞĨŝůĞĚƵŶůĞƐƐƚŚĞŝŶĨŽƌŵĂƚŝŽŶŽŶƚŚĂƚĨŽƌŵĂůƐŽĐŚĂŶŐĞƐ

ŽŶĨŝĚĞŶƚŝĂůŝƚLJ dŚĞ^>ϮϮϯĂŶĚĂŶLJŝŶĨŽƌŵĂƚŝŽŶŝƚĐŽŶƚĂŝŶƐŝƐĞdžĞŵƉƚĨƌŽŵƉƵďůŝĐƌĞĐŽƌĚƐĚŝƐĐůŽƐƵƌĞĂŶĚƐŚĂůůďĞŬĞƉƚĐŽŶĨŝĚĞŶƚŝĂůďLJƚŚĞůĞĐƚŝŽŶƐŝǀŝƐŝŽŶ

dŚŝƐĨŝůŝŶŐŝƐĂŶ KƌŝŐŝŶĂů ŵĞŶĚŵĞŶƚ

EĂŵĞŽĨKƌĞŐŽŶ&ŝŶĂŶĐŝĂů/ŶƐƚŝƚƵƚŝŽŶ

EĂŵĞŽĨĐĐŽƵŶƚ;ŵƵƐƚďĞŝĚĞŶƚŝĐĂůƚŽƚŚĞŶĂŵĞŽĨĐŽŵŵŝƚƚĞĞŝĨĐŚĂŶŐŝŶŐƚŚĞĐŽŵŵŝƚƚĞĞŶĂŵĞƉůĞĂƐĞ ŝŶĐůƵĚĞƚŚĞĨŽƌŵĞƌŶĂŵĞͿ

EĂŵĞŽĨĐĐŽƵŶƚ,ŽůĚĞƌ

EĂŵĞƐŽĨWĞƌƐŽŶƐtŚŽ,ĂǀĞ^ŝŐŶĂƚƵƌĞƵƚŚŽƌŝƚLJ&ŝƌƐƚ D/ >ĂƐƚ

&ŝƌƐƚ D/ >ĂƐƚ

&ŝƌƐƚ D/ >ĂƐƚ

&ŝƌƐƚ D/ >ĂƐƚ

&ŝƌƐƚ D/ >ĂƐƚ

&ŝƌƐƚ D/ >ĂƐƚ

&ŝƌƐƚ D/ >ĂƐƚ

/ŵƉŽƌƚĂŶƚ dŚĞŝŶĨŽƌŵĂƚŝŽŶŽŶƚŚŝƐĨŽƌŵŝƐĞdžĞŵƉƚĨƌŽŵƉƵďůŝĐƌĞĐŽƌĚƐĚŝƐĐůŽƐƵƌĞĂŶĚƐŚĂůůďĞŬĞƉƚĐŽŶĨŝĚĞŶƚŝĂůďLJƚŚĞůĞĐƚŝŽŶƐ ŝǀŝƐŝŽŶ

LJƐŝŐŶŝŶŐƚŚŝƐĚŽĐƵŵĞŶƚ/ĂƚƚĞƐƚƚŚĂƚƚŚĞĂďŽǀĞŝŶĨŽƌŵĂƚŝŽŶŝƐƚƌƵĞĂŶĚĐŽƌƌĞĐƚ

ĂŶĚŝĚĂƚĞƐ ^ŝŐŶĂƚƵƌĞ ĂƚĞ^ŝŐŶĞĚ

dƌĞĂƐƵƌĞƌƐ ^ŝŐŶĂƚƵƌĞ ĂƚĞ^ŝŐŶĞĚ

&ŽƌKĨĨŝĐĞhƐĞKŶůLJ /ŶŝƚŝĂůƐ ĂƚĞŶƚĞƌĞĚĂƚĞƚƚĂĐŚĞĚƚŽ

ŽŵŵŝƚƚĞĞ

ĞƌƚŝĨŝĐĂƚĞŽĨ>ŝŵŝƚĞĚŽŶƚƌŝďƵƚŝŽŶƐĂŶĚdžƉĞŶĚŝƚƵƌĞƐ WϳƌĞǀϭϮϬϭϴ

KZ^ϮϲϬϭϭϮ

ĞƌƚŝĨŝĐĂƚĞ/ŶĨŽƌŵĂƚŝŽŶ/ĨĂĐŽŵŵŝƚƚĞĞĚŽĞƐŶŽƚĞdžƉĞĐƚƚŽƌĞĐĞŝǀĞĂƚŽƚĂůŽĨŵŽƌĞƚŚĂŶΨϯϱϬϬŽƌƐƉĞŶĚĂƚŽƚĂůŽĨŵŽƌĞƚŚĂŶΨϯϱϬϬŝŶĂĐĂůĞŶĚĂƌLJĞĂƌĂĞƌƚŝĨŝĐĂƚĞŽĨ>ŝŵŝƚĞĚŽŶƚƌŝďƵƚŝŽŶƐĂŶĚdžƉĞŶĚŝƚƵƌĞƐŵĂLJďĞĨŝůĞĚĐĞƌƚŝĨŝĐĂƚĞŵƵƐƚďĞĨŝůĞĚŶŽƚůĂƚĞƌƚŚĂŶƐĞǀĞŶĐĂůĞŶĚĂƌĚĂLJƐĂĨƚĞƌƌĞĐĞŝǀŝŶŐƚŚĞĨŝƌƐƚĐŽŶƚƌŝďƵƚŝŽŶŽƌŵĂŬŝŶŐƚŚĞĨŝƌƐƚĞdžƉĞŶĚŝƚƵƌĞŝŶĂĐĂůĞŶĚĂƌLJĞĂƌĐŽŵŵŝƚƚĞĞŵƵƐƚĐŽŶƚŝŶƵŽƵƐůLJŵĂŝŶƚĂŝŶĚĞƚĂŝůĞĚƌĞĐŽƌĚƐŽĨĂůůĐŽŶƚƌŝďƵƚŝŽŶƐƌĞĐĞŝǀĞĚĂŶĚĞdžƉĞŶĚŝƚƵƌĞƐŵĂĚĞĞǀĞŶŝĨŝƚĨŝůĞƐĂĐĞƌƚŝĨŝĐĂƚĞ/ĨĂƚĂŶLJƚŝŵĞĚƵƌŝŶŐƚŚĞĐĂůĞŶĚĂƌLJĞĂƌƚŚĞƚŽƚĂůĐŽŶƚƌŝďƵƚŝŽŶƐŽƌƚŽƚĂůĞdžƉĞŶĚŝƚƵƌĞƐĞdžĐĞĞĚΨϯϱϬϬ ƚŚĞĐŽŵŵŝƚƚĞĞŵƵƐƚĨŝůĞĂůůƚƌĂŶƐĂĐƚŝŽŶƐĞůĞĐƚƌŽŶŝĐĂůůLJƵƐŝŶŐKZ^dZůůƚƌĂŶƐĂĐƚŝŽŶƐŽĐĐƵƌƌŝŶŐŝŶƚŚĞĐĂůĞŶĚĂƌLJĞĂƌŵƵƐƚďĞĨŝůĞĚŶŽůĂƚĞƌƚŚĂŶƐĞǀĞŶĐĂůĞŶĚĂƌĚĂLJƐ ĂĨƚĞƌĞdžĐĞĞĚŝŶŐƚŚĞΨϯϱϬϬƚŚƌĞƐŚŽůĚZĞĨĞƌƚŽƚŚĞĂŵƉĂŝŐŶ&ŝŶĂŶĐĞDĂŶƵĂů ĨŽƌĂĚĚŝƚŝŽŶĂů ŝŶĨŽƌŵĂƚŝŽŶ

ŽŵŵŝƚƚĞĞ/ŶĨŽƌŵĂƚŝŽŶEĂŵĞŽĨŽŵŵŝƚƚĞĞ ŽŵŵŝƚƚĞĞ/

ĂŶĚŝĚĂƚĞ/ŶĨŽƌŵĂƚŝŽŶ

&ŝƌƐƚ EĂŵĞ >ĂƐƚ EĂŵĞ WŚŽŶĞ

^ƚƌĞĞƚŽƌWKŽdž ŝƚLJ ^ƚĂƚĞ ŝƉ

dƌĞĂƐƵƌĞƌ/ŶĨŽƌŵĂƚŝŽŶ

&ŝƌƐƚEĂŵĞ >ĂƐƚEĂŵĞ WŚŽŶĞ

^ƚƌĞĞƚŽƌWKŽdž ŝƚLJ ^ƚĂƚĞ ŝƉ

ŽŵŵŝƚƚĞĞdLJƉĞ

ĂŶĚŝĚĂƚĞŽŵŵŝƚƚĞĞ WŽůŝƚŝĐĂůĐƚŝŽŶŽŵŵŝƚƚĞĞ WĞƚŝƚŝŽŶŽŵŵŝƚƚĞĞ

ĂƵĐƵƐ DĞĂƐƵƌĞ /ŶŝƚŝĂƚŝǀĞ

DŝƐĐĞůůĂŶĞŽƵƐ WŽůŝƚŝĐĂůWĂƌƚLJ ZĞĐĂůů

ZĞĐĂůů ZĞĨĞƌĞŶĚƵŵ

zĞĂƌ&ŝůŝŶŐĞƌƚŝĨŝĐĂƚĞ ĂƐŚĂůĂŶĐĞĂƐŽĨ:ĂŶƵĂƌLJϭ

ƚƚĞƐƚĂƚŝŽŶ /ŶĨŽƌŵĂƚŝŽŶ

/ ŚĞƌĞďLJĐĞƌƚŝĨLJ/ĞdžƉĞĐƚŶĞŝƚŚĞƌƚŚĞĂŐŐƌĞŐĂƚĞĐŽŶƚƌŝďƵƚŝŽŶƐŶŽƌƚŚĞĂŐŐƌĞŐĂƚĞĞdžƉĞŶĚŝƚƵƌĞƐŵĂĚĞďLJŽƌŽŶďĞŚĂůĨŽĨŵLJĐĂŶĚŝĚĂĐLJŽƌĐŽŵŵŝƚƚĞĞĨŽƌƚŚŝƐĐĂůĞŶĚĂƌLJĞĂƌƚŽĞdžĐĞĞĚΨϯϱϬϬ/ƵŶĚĞƌƐƚĂŶĚƚŚĂƚƚŚŝƐĨŽƌŵŵƵƐƚďĞĨŝůĞĚŶŽůĂƚĞƌƚŚĂŶƐĞǀĞŶĐĂůĞŶĚĂƌĚĂLJƐĂĨƚĞƌƌĞĐĞŝǀŝŶŐĂĐŽŶƚƌŝďƵƚŝŽŶŽƌŵĂŬŝŶŐĂŶĞdžƉĞŶĚŝƚƵƌĞŝŶƚŚĞĐĂůĞŶĚĂƌLJĞĂƌ/ĂůƐŽƵŶĚĞƌƐƚĂŶĚƚŚĂƚŝĨƚŚĞĐŽŵŵŝƚƚĞĞĞdžĐĞĞĚƐΨϯϱϬϬŝŶƚŽƚĂůĐŽŶƚƌŝďƵƚŝŽŶƐŽƌƚŽƚĂůĞdžƉĞŶĚŝƚƵƌĞƐĚƵƌŝŶŐƚŚĞĐĂůĞŶĚĂƌLJĞĂƌ/ŵƵƐƚĨŝůĞĂůůƚƌĂŶƐĂĐƚŝŽŶƐŽĐĐƵƌƌŝŶŐŝŶƚŚĞĐĂůĞŶĚĂƌLJĞĂƌŶŽƚůĂƚĞƌƚŚĂŶƐĞǀĞŶĐĂůĞŶĚĂƌĚĂLJƐĂĨƚĞƌĞdžĐĞĞĚŝŶŐƚŚĞΨϯϱϬϬƚŚƌĞƐŚŽůĚ

ĂŶĚŝĚĂƚĞƚƚĞƐƚĂƚŝŽŶ

LJƐŝŐŶŝŶŐƚŚŝƐĚŽĐƵŵĞŶƚ/ĂƚƚĞƐƚƚŚĂƚƚŚĞŝŶĨŽƌŵĂƚŝŽŶŝƐƚƌƵĞĂŶĚĐŽƌƌĞĐƚĂŶĚĂĐŬŶŽǁůĞĚŐĞƚŚĂƚ/ĂŵƉĞƌƐŽŶĂůůLJůŝĂďůĞĨŽƌĂŶLJƉĞŶĂůƚŝĞƐŝŵƉŽƐĞĚƵŶĚĞƌKZ^ŚĂƉƚĞƌϮϲϬ

ĂŶĚŝĚĂƚĞƐ^ŝŐŶĂƚƵƌĞ ĂƚĞ^ŝŐŶĞĚ

dƌĞĂƐƵƌĞƌƐƚƚĞƐƚĂƚŝŽŶ

LJƐŝŐŶŝŶŐƚŚŝƐĚŽĐƵŵĞŶƚ/ĂƚƚĞƐƚƚŚĂƚƚŚĞŝŶĨŽƌŵĂƚŝŽŶŽŶƚŚĞĨŽƌŵŝƐƚƌƵĞĂŶĚĐŽƌƌĞĐƚĂŶĚ/ĂĐŬŶŽǁůĞĚŐĞƚŚĂƚŝĨ/ĂŵƚŚĞƚƌĞĂƐƵƌĞƌĨŽƌĂƉŽůŝƚŝĐĂůĂĐƚŝŽŶĐŽŵŵŝƚƚĞĞŽƌĂƉĞƚŝƚŝŽŶĐŽŵŵŝƚƚĞĞ/ĂŵƉĞƌƐŽŶĂůůLJůŝĂďůĞĨŽƌĂŶLJƉĞŶĂůƚŝĞƐŝŵƉŽƐĞĚƵŶĚĞƌKZ^ŚĂƉƚĞƌϮϲϬ/ĂůƐŽƵŶĚĞƌƐƚĂŶĚƚŚĂƚŝĨ/ŚĂǀĞĂŶĂƉƉŽŝŶƚĞĚĐŝǀŝůƉĞŶĂůƚLJĚĞƐŝŐŶĞĞ/ĂŵŶŽƚůŝĂďůĞĨŽƌĂŶLJƉĞŶĂůƚŝĞƐŝŵƉŽƐĞĚƵŶĚĞƌKZ^ϮϲϬϮϯϮ

dƌĞĂƐƵƌĞƌƐ^ŝŐŶĂƚƵƌĞ ĂƚĞ^ŝŐŶĞĚ