2021-01-10 Doofpotten van de Nederlandse regeringen, Onderstesteen.pdf

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ΗϭϬũĂĂƌůĞƵŐĞŶƐĞŶďĞĚƌŽŐƚĞŐĞŶĚĞEĞĚĞƌůĂŶĚƐĞďƵƌŐĞƌƐΗ͊͊͊͊͊ hnjŽƵĚĞĞĞƌƐƚĞnjŝũŶĚŝĞĚĞĚĞƵƌͬĚŝĞĚĞƌĞŐĞƌŝŶŐǁĞƌĚƵŝƚŐĞnjĞƚ͘ DĞƚƵŝƚnjŽŶĚĞƌŝŶŐǀĂŶDŝŶŝƐƚĞƌ'ƌĂƉƉĞƌŚĂƵƐ͕njŝũŶĞƌǀĞƌĚĞƌŽŽŬǁĞŝŶŝŐŵŝŶŝƐƚĞƌƐĚŝĞnjĞůĨǀĞƌĂŶƚǁŽŽƌĚŝŶŐ ŶĂŵĞŶǀŽŽƌĚĞƵŝƚǀŽĞƌĞŶĚĞĂĐƚŝǀŝƚĞŝƚĞŶǀĂŶŚƵŶĚĞƉĂƌƚĞŵĞŶƚ͘ EĞĞĚĞƐƚĂĂƚƐƐĞĐƌĞƚĂƌŝƐƐĞŶŵŽĞƐƚĞŶĚĞƉƵŝŶŚŽƉĞŶĚŝĞŽŶĚĞƌĚĞďĞǀŽĞŐĚŚĞĚĞŶǀĂŶĚĞDŝŶŝƐƚĞƌƐĞŶŚĞƚ <ĂďŝŶĞƚǁĞƌĚĞŶŐĞƉƌŽĚƵĐĞĞƌĚŵĂĂƌǁĞĞƌŽŶĚĞƌĐŽŶƚƌŽůĞnjŝĞŶƚĞŬƌŝũŐĞŶ͘ ĂƚůƵŬƚĞŵĞĞƌĚĞƌĞŵĂůĞŶŶŝĞƚĞŶĚĂŶŬŽŶĚĞŶnjĞǀĞƌƚƌĞŬŬĞŶĞŶǀŽŽƌĚĞEĞĚĞƌůĂŶĚǁĂƌĞŶnjŝũĚĞŐĞŶĞŶǁĂĂƌ ĚĞĨŽƵƚĞŶǀĂŶĚĂĂŶŬǁĂŵ͘

ΗĞDŝŶŝƐƚĞƌͲWƌĞƐŝĚĞŶƚĞŶŵĞĞƌĚĞƌĞDŝŶŝƐƚĞƌƐŬĞŬĞŶǁĞůŽǀĞƌĚĞƐĐŚƵƚƚŝŶŐ ƚŽĞΗ͘ ,ŽĞŬƵŶƚƵǀĞƌǁĂĐŚƚĞŶ͕ĚĂƚĂůƐĞĞŶƌĞŐĞƌŝŶŐũĂƌĞŶůĂŶŐŽƉĚĞƉƵŝŶŚŽƉĞŶǀĂŶŚƵŶĞŝŐĞŶ ǁĞƌŬnjĂĂŵŚĞĚĞŶnjŝƚ͕ΗĞĞŶƐƚĂĂƚƐƐĞĐƌĞƚĂƌŝƐĚĂƚŝŶĞĞŶƉĂĂƌŵĂĂŶĚĞŶŽƉůŽƐƚΗ͘ /ŶĚĞŐĞǁŽŶĞDĂĂƚƐĐŚĂƉƉŝũĚŝĞŶƚŝĞŵĂŶĚĚŝĞǁŽƌĚƚŽŶƚƐůĂŐĞŶ͕njŝĐŚ ƚĞŵĞůĚĞŶďŝũŚĞƚhtsǀŽŽƌĞĞŶttͲ ƵŝƚŬĞƌŝŶŐ͕ ŵĂĂƌĂůƐĚĂƚŽŶƚƐůĂŐŽƉďĂƐŝƐǀĂŶĞĞŶŽŶũƵŝƐƚĞǁĞƌŬǁŝũnjĞǁŽƌĚƚƵŝƚŐĞƐƉƌŽŬĞŶ͕ŬŽŵƚŵĞŶŶŝĞƚŝŶ

ĂĂŶŵĞƌŬŝŶŐǀŽŽƌĞĞŶttͲƵŝƚŬĞƌŝŶŐĞŶ ĚŝĞŶƚŵĞŶnjŝĐŚƚĞŵĞůĚĞŶďŝũĚĞ^ŽĐŝĂůĞŝĞŶƐƚǀĂŶĚĞŐĞŵĞĞŶƚĞ ǁĂĂƌŝŶŵĞŶǁŽŽŶĂĐŚƚŝŐŝƐŽŵĂĂŶƐƉƌĂĂŬƚĞŵĂŬĞŶŽƉĞĞŶ^ŽĐŝĂůĞŝĞŶƐƚƵŝƚŬĞƌŝŶŐ͘ /ŶĚĞƉŽůŝƚŝĞŬƐƉƌĞĞŬƚŵĞŶŶŝĞƚŽǀĞƌĞĞŶ^>Z/^͕ŵĂĂƌŽǀĞƌĞĞŶǀĞƌŐŽĞĚŝŶŐ͕ĚĂĂƌnjŝƚŵĞŶĂůŐĂƵǁŽƉĞĞŶ ǀĞƌŐŽĞĚŝŶŐǀĂŶΦϭϬϬ͘ϬϬϬŽƉũĂĂƌďĂƐŝƐ;dǁĞĞĚĞ<ĂŵĞƌͿĞŶƚƵƐƐĞŶĚĞΦϭϰϬ͘ϬϬϬĞŶΦϭϴϬ͘ϬϬϬ;ůĞĚĞŶǀĂŶĚĞ ƌĞŐĞƌŝŶŐͿ͘ŶĂůƐĚŝĞǀĞƌƚƌĞŬŬĞŶŬƌŝũŐƚŵĞŶŚĞƚĞĞƌƐƚĞũĂĂƌϴϬƉƌŽĐĞŶƚĞŶĚĂĂƌŶĂŝŶŝĞĚĞƌŐĞǀĂůϮũĂƌĞŶϳϬ ƉƌŽĐĞŶƚ͘ ĂŶŐĞnjŝĞŶĞƌŝŶĚĞ<ĂďŝŶĞƚƚĞŶZƵƚƚĞϭ͕ϮĞŶϯŝŶϭϬũĂĂƌƚŝũĚǀĞůĞƌĞŐĞƌŝŶŐƐůĞĚĞŶĞŶdǁĞĞĚĞ<ĂŵĞƌůĞĚĞŶĂů ŽƉƐƚĂƉƚĞŶ͕ŝŶĚĞ<ĂďŝŶĞƚƚĞŶZƵƚƚĞŐĂǀĞŶĞƌϮϰĚĞďƌƵŝĂĂŶ͕ǁĂĂƌǀĂŶĞĞŶĂĂŶƚĂůĚŽŽƌŵŝƐƐƚĂƉƉĞŶ͘

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ŝĞŶƐƚƵŝƚŬĞƌŝŶŐŐĞŬŽƌƚͿ͘

,ĞƚĚƵƵƌĚĞϭϯŵĂĂŶĚĞŶǀŽŽƌĚĂƚĚĞŚĞĞƌWĞĐŚƚŽůĚ;ϲϲ΃njŝũŶΗƌĞĐŚƚĞƌŚĂŶĚΗ ǀŽŽƌĚĞWĞŶnjŝũŶWE͕ ǁĞĞƌŝŶďĞǁĞŐŝŶŐďƌĂĐŚƚďŝũŚĞƚZ;ĞŶƚƌĂĂůƵƌĞĂƵZŝũďĞǁŝũnjĞŶͿ͕ŵĂĂƌŝŶĚĞϭϭŵĂĂŶĚĞŶĚĂĂƌǀŽŽƌ͕ŶĂ njŝũŶǀĞƌƚƌĞŬƵŝƚĚĞdǁĞĞĚĞ<ĂŵĞƌ͕ŬƌĞĞŐŚŝũnjŝũŶdǁĞĞĚĞ<ĂŵĞƌǀĞƌŐŽĞĚŝŶŐǀĂŶŵŝŵŝŵĂĂůnjŽΖŶΦϴ͘ϬϬϬƉĞƌ ŵĂĂŶĚŐĞǁŽŽŶƵŝƚďĞƚĂĂůĚ͘ ,ŝũŬƌĞĞŐĞĞŶ ^K/>Z'Z/E'^sZ'K/E'^h/d<Z/E' ƉĞƌŵĂĂŶĚ͕ ǁĂĂƌǀŽŽƌĞĞŶ

^ŽĐŝĂůĞŝĞŶƐƚŐĞƌĞĐŚƚŝŐĚĞďŝũŶĂĞĞŶũĂĂƌƵŝƚŬĞƌŝŶŐǀŽŽƌŶŽĚŝŐŚĂĚŽŵŽŽŬĂĂŶĚĂƚ ŝŶŬŽŵƐƚĞŶďĞĚƌĂŐƚĞŬŽŵĞŶ͘

DĂĂƌũĂ͕njĞŐŐĞŶĚĞ;ǀĞƌƉůŝĐŚƚͿǀĞƌƚƌĞŬŬĞŶĚĞƉŽůŝƚŝĐŝ͕ĚĞEĞĚĞƌůĂŶĚƐĞďƵƌŐĞƌďĞŚŽĞĨƚŶŝĞƚƚĞǁĞƚĞŶĚĂƚǁŝũ ΗŝĞƚƐΗŵĞĞƌŽŶƚǀĂŶŐĞŶĞŶƉĞƌƐůŽƚǀĂŶƌĞŬĞŶŝŶŐ͕ŵĞƚďĞƚƌĞŬŬŝŶŐŽƉŽŶnjĞƚǁŝũĨĞůĂĐŚƚŝŐĞ ŚĂŶĚĞůƐǁŝũnjĞ͕ŵŽŐĞŶǁŝũďĞƐƚĞĞŶƉĂĂƌƐƚƵŝǀĞƌƐŵĞĞƌŽŶƚǀĂŶŐĞŶ͘

EĞĞŚĞƚǁĂƌĞŶĚĞƐƚĂĂƚƐƐĞĐƌĞƚĂƌŝƐƐĞŶĚŝĞǀĂŶŚĞƚĠŶĞŵŽŵĞŶƚŽƉŚĞƚĂŶĚĞƌĞŵŽŵĞŶƚŵĂĂƌ ŵŽĞƐƚĞŶnjŝĞŶĚĂƚnjĞďŝŶŶĞŶΗŶŽƚŝŵĞΗƉƌŽďůĞŵĞŶŽƉůŽƐƚĞŶĚŝĞĂůũĂƌĞŶĚƵƵƌĚĞŶ͘DĂĂƌĞƌ njŝũŶŽŽŬDŝŶŝƐƚĞƌƐĞŶ^ƚĂĂƚƐƐĞĐƌĞƚĂƌŝƐƐĞŶĚŝĞŚĞƚŶŝĞƚnjŽŶĂƵǁŶĂŵĞŶŵĞƚĚĞƌĞŐĞůƐ͕ĚŽŽƌ ƐŽŵƐͬƌĞŐĞůŵĂƚŝŐŽŶǁĂĂƌŚĞĚĞŶƵŝƚǀŽĞƌĚĞŶǁĂĂƌŚĞƚĂŶĚĞƌƐĚŝĞŶĚĞƚĞŐĂĂŶ͘ ͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲͲ EZ>E^KsZ,/^>h'E^KsZ,dsZ>EE,EsEϭϲϬϬdKdsE'ϮϬϮϭ͘

DE^EZ,dE^,E/E'EͬKKZ>K'^D/^Eh/d'sKZKKZEZ>E E/EKE^/! <ĂďŝŶĞƚͲĞ:ŽŶŐƐƚŽƉƚĞEĞĚĞƌůĂŶĚƐĞŽŽƌůŽŐƐŵŝƐĚĂĚĞŶŝŶĚĞKK&WKd͊͊͊ /ŶĚŽŶĞƐŝƐĐŚĞƐůĂĐŚƚŽĨĨĞƌƐǀĞƌĚŝĞŶĞŶŵĞĞƌĂĂŶĚĂĐŚƚĚĂŶŚĞƚKŶĚĞƌnjŽĞŬĚĂƚDŝŶŝƐƚĞƌͲ

WƌĞƐŝĚĞŶƚZƵƚƚĞŚĞĞĨƚŽƉŐĞƐƚĂƌƚŝŶnjĂŬĞĚĞĞŬŽůŽŶŝƐĂƚŝĞŽŽƌůŽŐ͊͊͊ ĞnjĞDŝŶŝƐƚĞƌͲWƌĞƐŝĚĞŶƚ;ZƵƚƚĞͿĞŶDŝŶŝƐƚĞƌ^ůŽďǁĞƚĞŶĚƌŽŵŵĞůƐŐŽĞĚǁĂƚnjŝĐŚĚĂĂƌŚĞĞĨƚĂĨŐĞƐƉĞĞůĚ͕

ΗnjŝũŚĞďďĞŶ '^,/E/^'^dhZΗ͘ DĂĂƌũĂ͕ŚƵŶĂŶƚǁŽŽƌĚnjĂůǁĞůnjŝũŶĚĂƚnjĞŝŶŚƵŶƐƚƵĚŝĞŐĞĞŶ^>sZE/:͕'EK/^͕KKZ>K'^D/^E ĞŶDE^EZ,dE^,E/E'E/:Ed'E'<KDE͘

sĞƌĚĞƌnjƵůůĞŶnjĞǁĞůĂĂŶŐĞŐĞǀĞŶĚĂƚŚƵŶ'ĞƐĐŚŝĞĚĞŶŝƐƐƚƵĚŝĞŐŝŶŐŽǀĞƌWK>/d/< ŝŶĚĞtZ>͘ ,ŽĞEĞĚĞƌůĂŶĚƐĞKKZ>K'^D/^/'Z^ ƵŝƚĚĞĞŬŽůŽŶŝƐĂƚŝĞŽŽƌůŽŐĂĂŶǀĞƌǀŽůŐŝŶŐ

ǁŝƐƚĞŶƚĞŽŶƚŬŽŵĞŶ͊͊͊

,ŽĞĞƌǀĂŶĂĨϭϲϬϮ ŽƉĞĞŶ KEZ,dDd/'DE/Z ĞĞŶĞŝůĂŶĚĞŶŐƌŽĞƉ ĚŽŽƌ

EĞĚĞƌůĂŶĚ ŝŶďĞnjŝƚŝƐŐĞŶŽŵĞŶ ƚŽƚϭϵϰϮ͊͊͊

ĞΗ&>d:^<ZEdWK>/d/<Η sE</EddEZhdd;ssͿϭ͕ϮE ϯ͊͊͊

Η'ĞĂĐŚƚĞŚĞĞƌZƵƚƚĞ;ssͿΗ

/ŬnjŽƵƵĞĞƌƐƚǁŝůůĞŶŵĞĞŶĞŵĞŶŶĂĂƌŚĞƚƐŵĞƌŝŐĞŚĂŶĚĞůĞŶǀĂŶĚĞEĞĚĞƌůĂŶĚƐĞKǀĞƌŚĞŝĚ ƚŽĞŶĞŶƵŝƚĞƌĂĂƌĚŽŽŬŶƵ͕ŝŶnjĂŬĞĚĞEĞĚĞƌůĂŶĚƐĞKŽƌůŽŐƐŵŝƐĚĂĚĞŶŝŶĚĞ ĞŬŽůŽŶŝƐĂƚŝĞŽŽƌůŽŐ͕ǁĂŶƚƵŚĞĞĨƚŚĞƚE/K͕ŚĞƚD/D,ĞŶŚĞƚ</d>sŽƉĚƌĂĐŚƚŐĞŐĞǀĞŶ ŽŶĚĞƌnjŽĞŬƚĞĚŽĞŶŶĂĂƌǁĂƚĞƌŝŶĚĞĞŬŽůŽŶŝƐĂƚŝĞŽŽƌůŽŐŝƐŐĞďĞƵƌƚ͘ ,ĞƚE/K͕ŚĞƚE/D,ĞŶĚĞ</d>sΗnjŝũŶŐĞĞŶŽŶƉĂƌƚŝũĚŝŐĞͬŽŶĂĨŚĂŶŬĞůŝũŬĞ ŽŶĚĞƌnjŽĞŬƐŽƌŐĂŶŝƐĂƚŝĞƐΗ͕njŝũnjŝũŶĨŝŶĂŶĐŝĞĞůĂĨŚĂŶŬĞůŝũŬǀĂŶĚĞEĞĚĞƌůĂŶĚƐĞKǀĞƌŚĞŝĚ͘ ĂĂƌŶĂĂƐƚŝƐŚĞƚD/D,ǀĂŶƵŝƚŚĞƚDŝŶŝƐƚĞƌŝĞǀĂŶĞĨĞŶƐŝĞĞĞŶĚŝƌĞĐƚďĞƚƌŽŬŬĞŶĞŝŶĚĞ ĞŬŽůŽŶŝƐĂƚŝĞŽŽƌůŽŐ͕ŚĞĞůƐŝŵƉĞůŐĞnjĞŐĚ͗ ΗDE^EZ,dE^,EZ^/^/dhd/^sED/>/d/ZEKEZK<EtZ >&sZEdtKKZ>/:<sKKZ/:EΗ͘ ,ĞƚD/D,ǀĂůƚŽŶĚĞƌĚĞǀĞƌĂŶƚǁŽŽƌĚŝŶŐǀĂŶŚĞƚDŝŶŝƐƚĞƌŝĞǀĂŶĞĨĞŶƐŝĞĞŶĚĂĂƌŐĂĂƚ ǀŽŽƌĂůŽǀĞƌĚĞŐĞĚƌĂŐŝŶŐĞŶǀĂŶĚĞEĞĚĞƌůĂŶĚƐĞDŝůŝƚĂŝƌĞŶ͘ ĞĞŬŽůŽŶŝƐĂƚŝĞŽŽƌůŽŐǁĂƐĚĂĂƌŶĂĂƐƚŝŶKWZ,dǀĂŶĚĞƚŽĞŶŵĂůŝŐĞEĞĚĞƌůĂŶĚƐĞ ƌĞŐĞƌŝŶŐĞĞŶƉŽŐŝŶŐǀĂŶ;KEdZ,dͿ,ZKsZEǀĂŶEĞĚĞƌůĂŶĚƐͲ/ŶĚŝģĚĂƚ

EĞĚĞƌůĂŶĚŚŽŶĚĞƌĚĞŶũĂƌĞŶKEZ,dDd/'ŝŶďĞnjŝƚŚĞĞĨƚŐĞŚĂĚ͘

/ŶũƵůůŝĞƌĂƉƉŽƌƚnjĂůĞĐŚƚŶŝĞƚŬŽŵĞŶƚĞƐƚĂĂŶĚĂƚEĞĚĞƌůĂŶĚ͕ŶĂĚĞŽŶƚĞƌĞĐŚƚĞ ďĞnjĞƚƚŝŶŐǀĂŶĚĞĞŝůĂŶĚĞŶŐƌŽĞƉ/ŶĚŽŶĞƐŝģŝŶϭϲϬϮ͕ĚĂƚEĞĚĞƌůĂŶĚƐĞƌĞŐĞƌŝŶŐ

ĚĂĂƌŶĂŽƉĚƌĂĐŚƚŚĞĞĨƚŐĞŐĞǀĞŶŽŵŝŶĚĞĞŬŽůŽŶŝƐĂƚŝĞŽŽƌůŽŐĚĞZĞƉƵďůŝĞŬͲ /ŶĚŽŶĞƐŝģEK'D>^d,ZKsZE͊ ŶǀĂŶƵŝƚŚĞƚD/D,njƵůůĞŶĞĐŚƚŶŝĞƚĚĞũƵŝƐƚĞŐĞŐĞǀĞŶƐǀŽŽƌŚĞƚŽŶĚĞƌnjŽĞŬǀĂŶĚĞ ĞŬŽůŽŶŝƐĂƚŝĞŽŽƌůŽŐĂĂŶŐĞĚƌĂŐĞŶnjƵůůĞŶǁŽƌĚĞŶ͘ /ŶĚĞnjĞůĂŶŐĞďĞƐĐŚƌŝũǀŝŶŐŬŽŵƚƵŽŽŬƚĞŐĞŶ͕ĚĂƚŚĞƚE/K;ƉƌŽĨĞƐƐŽƌƌŽŽŐůĞǀĞƌͿ ŽŶĚĞƌnjŽĞŬŚĞĞĨƚŐĞĚĂĂŶŶĂĂƌŚĞƚĚŽĞŶĞŶůĂƚĞŶǀĂŶĚĞEĞĚĞƌůĂŶĚƐĞKǀĞƌŚĞŝĚŵĞƚ ďĞƚƌĞŬŬŝŶŐŽƉŚĞƚŵŽĞƚĞŶůŽƐůĂƚĞŶǀĂŶEŝĞƵǁͲ'ƵŝŶĞĂƚƵƐƐĞŶϭϵϱϬĞŶϭϵϲϮ͘ ,ĞƚƌĂƉƉŽƌƚŝƐŝŶϮϬϬϱĚŽŽƌ:ŽnjŝĂƐǀĂŶĂƌƚƐĞŶ;ssͿŝŶŽŶƚǀĂŶŐƐƚŐĞŶŽŵĞŶĞŶƚŽƚŽƉĚĞĚĂŐ ǀĂŶǀĂŶĚĂĂŐ ΗŶŝĞƚŽǀĞƌŚĂŶĚŝŐĚΗ ĂĂŶĚĞdǁĞĞĚĞ<ĂŵĞƌ͕ĚŝĞŽŵĚĂƚŽŶĚĞƌnjŽĞŬ ŐĞǀƌĂĂŐĚŚĂĚ͘ KŽŬnjĂůŝŶŚĞƚƌĂƉƉŽƌƚŽǀĞƌĚĞĞŬŽůŽŶŝƐĂƚŝĞŽŽƌůŽŐ͕ĚĂƚĚŽŽƌƵŝƐĂĂŶŐĞǀƌĂĂŐĚ͕

ΗĞĐŚƚŶŝĞƚĚĞĚŝĞƉƚĞǀĂŶĚĞDĞŶƐĞŶƌĞĐŚƚĞŶƐĐŚĞŶĚŝŶŐĞŶĞŶKŽƌůŽŐƐŵŝƐĚĂĚĞŶĚŝĞ ĚŽŽƌŚĞƚEĞĚĞƌůĂŶĚƐĞ>ĞŐĞƌnjŝũŶƵŝƚŐĞǀŽĞƌĚǁŽƌĚĞŶǁĞĞƌŐĞŐĞǀĞŶΗ͘ ŶĂůƐĚĂƚǁĞůnjŽnjŽƵnjŝũŶ͕ĚĂŶnjĂůĚŝƚĞĐŚƚŶŝĞƚŽƉĞŶďĂĂƌŐĞŵĂĂŬƚǁŽƌĚĞŶǀŽŽƌĚĞdǁĞĞĚĞ <ĂŵĞƌĞŶĚĞEĞĚĞƌůĂŶĚƐĞďƵƌŐĞƌƐ͊͊͊ EĞĞ͕ĚĂŶŐĂĂƚŚĞƚƌĂƉƉŽƌƚŽǀĞƌĚĞĞŬŽůŽŶŝƐĂƚŝĞŽŽƌůŽŐ͕ĚĂƚŶƵƐĂŵĞŶŐĞƐƚĞůĚǁŽƌĚƚ͕ŚĞƚ ƌĂƉƉŽƌƚǀĂŶWƌŽĨĞƐƐŽƌƌŽŽŐůĞǀĞƌΗ;ĂĂĚǀĂŶǀƌŝũĞŬĞƵnjĞͿΗĂĐŚƚĞƌŶĂŽǀĞƌĞĞŶŚŽŐĞƐĐŚƵƚƚŝŶŐ ŝŶĚĞ,ĂĂŐƐĞWŽůŝƚŝĞŬĞĞƌŵƵĚĂĚƌŝĞŚŽĞŬĞŶǁĂƐƐĞŶũƵůůŝĞĚĞŚĂŶĚĞŶĞŶǀĂŶĚĞEĞĚĞƌůĂŶĚƐĞ KǀĞƌŚĞŝĚŝŶŽŶƐĐŚƵůĚ͊͊͊ ĂĂƌŶĂĂƐƚǁĞĞƚhŽŽŬĚƌŽŵŵĞůƐŐŽĞĚ͕ ĚĂƚĞƌŝŶŚĞƚďĞnjŝƚǀĂŶĚĞEĞĚĞƌůĂŶĚƐĞ

ƌĞŐĞƌŝŶŐĞĞŶŐĞŚĞŝŵƌĂƉƉŽƌƚŝƐ͕ ǁĂĂƌƵŝƚďůŝũŬƚĚĂƚĚĞEĞĚĞƌůĂŶĚƐĞKǀĞƌŚĞŝĚďĞŬĞŶĚǁĂƐ

ǀĂŶͬŵĞƚŚĞƚĨĞŝƚĚĂƚĞƌŝŶĚĞĞŬŽůŽŶŝƐĂƚŝĞŽŽƌůŽŐD^^yhd/^͊͊͊njŝũŶƵŝƚŐĞǀŽĞƌĚ ĚŽŽƌĚĞEĞĚĞƌůĂŶĚƐĞŵŝůŝƚĂŝƌĞŶ͘ hŵĂŐďĞƐƚǁĞƚĞŶĚĂƚŝŬŽǀĞƌĚŽĐƵŵĞŶƚĞŶďĞƐĐŚŝŬǁĂĂƌŝŶƌƵŝŵϴϬϬƐŝƚƵĂƚŝĞƐǀĂŶ

KŽƌůŽŐƐŵŝƐĚĂĚĞŶ͕džĞĐƵƚŝĞƐĞŶDĞŶƐĞŶƌĞĐŚƚĞŶƐĐŚĞŶĚŝŶŐĞŶ ͊͊͊ ǀĞƌŵĞůĚƐƚĂĂŶ͘ ĞEĞĚĞƌůĂŶĚƐĞŵŝůŝƚĂŝƌĞŶŚĞďďĞŶŝŶǀŽŽƌŵĂůŝŐEĞĚĞƌůĂŶĚƐͲ/ŶĚŝģ;ϭϵϰϱͲϭϵϰϵͿŽƉŐƌŽƚĞ ƐĐŚĂĂůĞdžƚƌĞĞŵŐĞǁĞůĚŐĞďƌƵŝŬƚƚĞŐĞŶ/ŶĚŽŶĞƐŝģƌƐ͘ DŝŶŝƐƚĞƌZƵƚƚĞĞƌŝƐƌƵŝŵϰŵŝůũŽĞŶĞƵƌŽƵŝƚŐĞƚƌŽŬŬĞŶnjŽĚĂƚŚĞƚE/K͕ŚĞƚE/D,ĞŶŚĞƚ</d>sŽƉƵǁ ǀĞƌnjŽĞŬŽŶĚĞƌnjŽĞŬǀĞƌƌŝĐŚƚĞŶŶĂĂƌĚĞĞŬŽůŽŶŝƐĂƚŝĞ͕ŵĂĂƌƵnjƵůƚǁĞůŐĞnjĞŐĚŚĞďďĞŶĚĂƚĞƌŶŝĞƚƚĞǀĞĞů ƐŝƚƵĂƚŝĞƐŽǀĞƌEĞĚĞƌůĂŶĚƐĞKŽƌůŽŐƐŵŝƐĚĂĚĞŶŝŶŵŽŐĞŶŬŽŵĞŶƚĞƐƚĂĂŶĞŶǁĂƚĞƌǀĞƌĚĞƌǁĞůĞŶǁĂƚǀĞƌĚĞƌ ŶŝĞƚǀĞƌŵĞůĚŬĂŶͬŵĂŐǁŽƌĚĞŶ͘

ĂƚǁĂƌĞŶŐĞĞŶŝŶĐŝĚĞŶƚĞůĞŵŝƐĚƌĂŐŝŶŐĞŶǀĂŶĞĞŶƉĂĂƌĞĞŶŚĞĚĞŶnjŽĂůƐŚĞƚŽĨĨŝĐŝģůĞ ƌĞŐĞƌŝŶŐƐƐƚĂŶĚƉƵŶƚůƵŝĚƚ͕ŵĂĂƌŚĞƚŐĞďĞƵƌĚĞƐƚƌƵĐƚƵƌĞĞů͘ ĞůĞƵŐĞŶƐǀĂŶĚĞŽǀĞƌŚĞŝĚǁĂƌĞŶŽŽŬŶŝĞƚŝŶĐŝĚĞŶƚĞĞů͊͊͊ ĞůĞŐĞƌůĞŝĚŝŶŐƐƚŽŶĚŚĞƚŽŽŐůƵŝŬĞŶĚƚŽĞ͕ƐƚŽƉƚĞŽŽƌůŽŐƐŵŝƐĚĂĚĞŶŝŶĚĞĚŽŽĨƉŽƚĞŶĚĞĞĚĞƌ

ĂĐƚŝĞĨĂĂŶŵĞĞ͘ DŝƐŚĂŶĚĞůŝŶŐ͕ǀĞƌŬƌĂĐŚƚŝŶŐ͕ŵĂƌƚĞůŝŶŐ͕ƐƚĂŶĚƌĞĐŚƚĞůŝũŬĞĞdžĞĐƵƚŝĞƐĞŶďƌĂŶĚĞŶĚĞŬĂŵƉŽŶŐƐ ǁĂƌĞŶƐĐŚĞƌŝŶŐĞŶŝŶƐůĂŐΗĞŶnjĞĞƌnjĞŬĞƌŶŝĞƚŚĞƚƌĞƐƵůƚĂĂƚǀĂŶŽŶƚƐƉŽƌŝŶŐǀĂŶ

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,ĞƚŝƐƚŽĐŚĞĞŶĂĂƌĚŝŐƐƉĞůůĞƚũĞǀĂŶĚĞssĞŶŚĞƚŽŵĚĞEĞĚĞƌůĂŶĚƐĞďƵƌŐĞƌŽƉĚŝĞŵĂŶŝĞƌƚĞůĂƚĞŶnjŝĞŶŚŝũĚƌƵŬ njŝũďĞnjŝŐnjŝũŶŵĞƚĚĞŽŶƌĞĐŚƚŵĂƚŝŐŚĞĚĞŶŝŶĚĞŚĞĚĞŶĚĂĂŐƐĞǁĞƌĞůĚĞŶĚĂƚnjŝũĚĂĂƌŽŽŬŽŽŐǀŽŽƌŚĞďďĞŶĞŶĂĂŶĚĂĐŚƚ ĂĂŶǁŝůůĞŶƐĐŚĞŶŬĞŶ͘ DĂĂƌũĂ͕ĂůƐƵͬŚĞƚͬĚĞss͕ǁĂƚŝŶĚĞǁĞƌĞůĚǁŝůůĞŶǀĞƌĂŶĚĞƌĞŶͬŚĞƌƐƚĞůůĞŶ͕ďĞŐŝŶĚĂŶĞĞŶƐŵĞƚĚĞƐŚŝƚǀĂŶĚŝƚ <ĂďŝŶĞƚ;ǁĂĂƌǀĂŶŚĞƚŽŽŬĚĞĞůǀĂŶƵŝƚŵĂĂŬƚͿŽƉƚĞƌƵŝŵĞŶĞŶŽŵĚĂƚƵǀĞƌƚƌĞŬƚ͕ŝŶŵĂĂƌƚϮϬϮϭ͕ƵŝƚĚĞdǁĞĞĚĞ <ĂŵĞƌ͕ ĚĂŶŚĞĞĨƚƵŶŽŐŵĂĂƌϴǁĞŬĞŶĚĞƚŝũĚ͘ 'ĞĂĐŚƚdǁĞĞĚĞ<ĂŵĞƌůŝĚǀĂŶ,ĞůǀĞƌƚ͘,ĞƚŝƐĚŽŽƌŐĞŬŽŵĞŶĚĂƚƵŝŶŵĂĂƌƚϮϬϮϭƐƚŽƉƚŵĞƚƵǁůŝĚŵĂĂƚƐĐŚĂƉǀĂŶĚĞ dǁĞĞĚĞ<ĂŵĞƌ͘ĂƚŝƐĂůŽǀĞƌĐĂ͘ϴǁĞŬĞŶŶĂĚĂƚƵĚĞnjĞďĞƌŝĐŚƚŐĞǀŝŶŐŚĞďƚŽŶƚǀĂŶŐĞŶ͘ ŽƵŝŬƵŵŽŐĞŶǀƌĂŐĞŶŽŵŝĞĚĞƌĞǁĞĞŬĂĂŶĚĞDŝŶŝƐƚĞƌǀĂŶƵŝƚĞŶůĂŶĚƐĞĂŬĞŶ͕ĚĞŚĞĞƌ^ƚĞĨůŽŬ͕ƚĞǀƌĂŐĞŶŚŽĞǀĞƌŚŝũ ŝƐŽƉŐĞƐĐŚŽƚĞŶŵĞƚĚĞĚŝƉůŽŵĂƚŝĞŬĞŶŽƚĂĚŝĞŶĂĂƌĚĞZĞƉƵďůŝĞŬͲ/ŶĚŽŶĞƐŝģǀĞƌƐƚƵƵƌĚŵŽĞƚŐĂĂƚǁŽƌĚĞŶŽƉǀĞƌnjŽĞŬǀĂŶ ĚĞdǁĞĞĚĞ<ĂŵĞƌŝŶϮϬϭϮ͘ EƵŽŶĚĞƌƐƚĂĂŶĚĞŚĞƚĂĂŶƐƉƌĞŬĞŶǀĂŶ^LJƌŝģŽƉĚĞŵĞŶƐĞŶƌĞĐŚƚĞŶƐĐŚĞŶĚŝŶŐĞŶ͕ǁĂŶƚũĂ͗ ΗdhhZd>ϴ

:ZΗ͘

ŶĚĂƚŝƐŶĂƚƵƵƌůŝũŬďĞůĂŶŐƌŝũŬĞƌĚĂŶĚĞZĞƉƵďůŝĞŬͲ/ŶĚŽŶĞƐŝģĂĂŶƚĞƐƉƌĞŬĞŶŽƉĚĞ'EK/ŽƉǀŽŽƌŵĂůŝŐ EĞĚĞƌůĂŶĚƐEŝĞƵǁͲ'ƵŝŶĞĂ͗

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^LJƌŝģƐƉƌĞĞŬƚƵƉĞƌŶŽƚĂĂĂŶ͕ŵĂĂƌŽǀĞƌĚĞDĞŶƐĞŶƌĞĐŚƚĞŶƐĐŚĞŶĚŝŶŐĞŶŐĞǀĞŶhĞŶĚĞEĞĚĞƌůĂŶĚƐĞĞǁŝŶĚƐůŝĞĚĞŶ ĂůůĞĞŶŵĂĂƌŚĞƚt</EE/'ĂŶƚǁŽŽƌĚ͗

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/ŬŐĞĞĨƵĚĞǀŽůŐĞŶĚĞŶŽƚĂĂĂŶ͗ DŝŶŝƐƚĞƌŝĞǀĂŶĚĞ'ĞĚĂĐŚƚĞŶŐĂŶŐǀĂŶĚĞEĞĚĞƌůĂŶĚƐĞƵƌŐĞƌ ĂŶĚĞsŽŽƌnjŝƚƚĞƌǀĂŶĚĞdǁĞĞĚĞ<ĂŵĞƌĚĞƌ^ƚĂƚĞŶͲ'ĞŶĞƌĂĂů ŝŶŶĞŶŚŽĨϰ ĞŶ,ĂĂŐ ĂƚƵŵ͘͘͘͘͘͘͘͘͘͘͘͘͘

ĞƚƌĞĨƚĂŶƐƉƌĂŬĞůŝũŬƐƚĞůůŝŶŐZĞƉƵďůŝĞŬͲ/ŶĚŽŶĞƐŝģǀŽŽƌϳϬũĂĂƌ ŵĞŶƐĞŶƌĞĐŚƚĞŶƐĐŚĞŶĚŝŶŐĞŶ͊͊͊ 'ĞĂĐŚƚĞǀŽŽƌnjŝƚƚĞƌ ,ŝĞƌďŝũŝŶĨŽƌŵĞƌĞŶǁŝũƵǁ<ĂŵĞƌŽǀĞƌŚĞƚďĞƐůƵŝƚŽŵĚĞZĞƉƵďůŝĞŬͲ/ŶĚŽŶĞƐŝģĂĂŶƐƉƌĂŬĞůŝũŬƚĞƐƚĞůůĞŶŽŶĚĞƌ ŝŶƚĞƌŶĂƚŝŽŶĂĂůƌĞĐŚƚǀŽŽƌŐƌŽǀĞŵĞŶƐĞŶƌĞĐŚƚĞŶƐĐŚĞŶĚŝŶŐĞŶĞŶĨŽůƚĞƌŝŶŐŝŶŚĞƚďŝũnjŽŶĚĞƌ͘

ĞZĞƉƵďůŝĞŬ/ŶĚŽŶĞƐŝģŝƐǀĂŶĚŝƚďĞƐůƵŝƚŽƉĚĞŚŽŽŐƚĞŐĞƐƚĞůĚŵŝĚĚĞůƐŽŶnjĞ

ŶŽƚĂ͘ ,ŝĞƌŝŶŚĞďďĞŶǁŝũĚĞZĞƉƵďůŝĞŬͲ/ŶĚŽŶĞƐŝģŐĞǁĞnjĞŶŽƉĚĞŝŶƚĞƌŶĂƚŝŽŶĂůĞ ǀĞƌƉůŝĐŚƚŝŶŐĞŶ͕ĞŶnj͘ KŶĚĞƌƐƚĂŶĚĞŝƐĞĞŶŬůĞŝŶŽǀĞƌnjŝĐŚƚǀĂŶŵĞĞƌĚĞƌĞǀĂŶƵǁŵĞŶƐĞŶƌĞĐŚƚĞŶƐĐŚĞŶĚŝŶŐĞŶ͗ ϭϵϲϮ͗ ĚĞZĞƉƵďůŝĞŬͲ/ŶĚŽŶĞƐŝģŝƐďĞŐŽŶŶĞŶŵĞƚĚĞ'ĞŶŽĐŝĚĞŽƉWĂƉƵĂĞŶtĞƐƚͲWĂƉƵĂ͘ sĂŶĂĨϭϵϲϮƚŽƚϭϵϲϵnjŝũŶĞƌĐĂ͘ϰϬ͘ϬϬϬWĂƉŽĞĂΖƐǀĞƌŵŽŽƌĚ͕ŝŶĚĞnjĞƐŝƚƵĂƚŝĞƐƉƌĞŬĞŶǁĞŽǀĞƌWĂƉŽĞĂΖƐĚŝĞĚĞ EĞĚĞƌůĂŶĚƐĞďĂƐŝƐďĞnjĂƚĞŶĚŽŽƌŵŝĚĚĞůǀĂŶŐĞƌƚĞĂŬƚĞƐǀĂŶEĞĚĞƌůĂŶĚƐEŝĞƵǁͲ'ƵŝŶĞĂ͘ ĞŶƐƉĞĐŝĨŝĐĂƚŝĞ͗ ŽŵďĂƌĚĞŵĞŶƚĞŶŝŶŚĞƚƌĨĂŬŐĞďĞƌŐƚĞ͕ŝŶĚĞLJĂŵĂƌƵĚŽƌƉĞŶĞŶdĞŵŝŶĂďƵĂŶĚŽƌƉĞŶ͘ DĞĞƌĚĞƌĞůĞĚĞŶǀĂŶĚĞϭϬϮϱŬŝĞƐŵĂŶŶĞŶŽƉŐĞƉĂŬƚĞŶŶŽŽŝƚŵĞĞƌƚĞƌƵŐŐĞŬĞĞƌĚŽĨŐĞǀŽŶĚĞŶ͘EĂŵĞŶďŝũŵŝũďĞŬĞŶĚ͘ ƵŝnjĞŶĚĞŶWĂƉŽĞĂΖƐǀĞƌĚƌĞǀĞŶĚŽŽƌďŽŵďĂƌĚĞŵĞŶƚĞŶŝŶĚĞƌĞŐŝŽWĂŶŝĂŝĞŶŶĂƌŽƚĂůŝ͕ǀĞůĞŶǀĞƌŵŽŽƌĚ͕ĂŶĚĞƌĞŶŶŽŽŝƚ ŵĞĞƌƚĞƌƵŐŐĞǀŽŶĚĞŶ͘ ϭϵϲϵ͗ sĞůĞWĂƉŽĞĂͲǀƌŽƵǁĞŶŶĂŵĞĞƌĚĞƌĞǀĞƌŬƌĂĐŚƚŝŶŐĞŶĚŽŽƌ/ŶĚŽŶĞƐŝƐĐŚĞŵŝůŝƚĂŝƌĞŶǀĞƌŵŽŽƌĚĚŝĞŽŽŬŝŶŚĞƚďĞnjŝƚǁĂƌĞŶ ǀĂŶEĞĚĞƌůĂŶĚƐĞŐĞƌƚĞĂŬƚĞƐ͘ ϭϵϳϬͬϭϵϳϭ͗ ϭϯ͘ϬϬϬWĂƉŽĞĂΖƐǀĞƌŵŽŽƌĚŽƉĚĞŐƌĞŶƐŵĞƚWE'ͲǀŽŽƌŵĂůŝŐƵƐƚƌĂůŝƐĐŚEŝĞƵǁͲ'ƵŝŶĞĂ͕ŝŶŚĞƚďĞnjŝƚǀĂŶEĞĚĞƌůĂŶĚƐĞ ŐĞƌƚĞĂŬƚĞƐ͘ ϭϵϳϭ͗ /ŶϮĚŽƌƉĞŶŝŶEŽŽƌĚͲŝĂŬǁĞƌĚĞŶϱϱWĂƉŽĞĂΖƐŐĞĚǁŽŶŐĞŶŚƵŶĞŝŐĞŶŐƌĂĨƚĞŐƌĂǀĞŶ͕ǁĂĂƌŶĂnjĞǁĞƌĚĞŶǀĞƌŵŽŽƌĚ͕ ŽŽŬŝŶŚĞƚďĞnjŝƚǀĂŶEĞĚĞƌůĂŶĚƐĞŐĞƌƚĞĂŬƚĞƐ͘EĂŵĞŶĞŶůĞĞĨƚŝũĚĞŶďŝũŵŝũďĞŬĞŶĚ͘ ϭϵϳϰ͗ EŽŽƌĚͲŝĂŬ͕ŶŽŐŵĂĂůƐϰϱWĂƉŽĞĂΖƐĚŽŽƌ/ŶĚŽŶĞƐŝƐĐŚĞŵŝůŝƚĂŝƌĞŶǀĞƌŵŽŽƌĚ͘EĂŵĞŶĞŶůĞĞĨƚŝũĚĞŶďŝũŵŝũďĞŬĞŶĚ͘

ϭϵϳϱ͗ ϰϭWĂƉŽĞĂΖƐǀĞƌŵŽŽƌĚŝŶƌǁĂŶĞŶZƵŵďŝŶŽƉŝĂŬ͘ ϭϵϳϱ͗ ϱϬϬWĂƉŽĞĂůŝũŬĞŶŐĞǀŽŶĚĞŶƚĞŶnjƵŝĚĞŶǀĂŶ:ĂLJĂƉƵƌĂ ϭϵϳϳ͗ ŽŵďĂƌĚĞŵĞŶƚĞŶŝŶͬďŝũĚĞŽŵŐĞǀŝŶŐŬŝŵƵŐĂ;ŚĞƚ&ƌĞĞƉŽƌƚDĐDŽƌĂŶ/ŶĐ͘DŝũŶŐĞďŝĞĚ͕ǀĞůĞŚŽŶĚĞƌĚĞŶĚŽĚĞŶ͕ ŐĞǁŽŶĚĞŶĞŶǀĞƌŵŝƐƚĞŶ͘ ϭϵϳϳͬϭϵϳϴ͗ sĞůĞĚŽĚĞŶ͕ŐĞǁŽŶĚĞŶĞŶǀĞƌŵŝƐƚĞŶĚŽŽƌďŽŵďĂƌĚĞŵĞŶƚĞŶǀĂŶĚĞ/ŶĚŽŶĞƐŝƐĐŚĞ>ƵĐŚƚŵĂĐŚƚŝŶĚĞĂůŝĞŵsĂůůĞŝ͘ ϭϵϳϴ͗ hŝƚĚĞWŝƌĂŵŝĚͲďĞǀŽůŬŝŶŐǁŽƌĚĞŶϰWĂƉŽĞĂͲǀƌŽƵǁĞŶŵĞĞŐĞŶŽŵĞŶĂůƐƐĞŬƐͲƐůĂǀŝŶŶĞŶ͕ƵŝƚŐĞǀŽĞƌĚĚŽŽƌĚĞZ/ͲƵŶŝƚƐ ĞŶƉŽůŝƚŝĞŽŶĚĞƌĐŽŵŵĂŶĚŽǀĂŶůďĞƌŝĞŶŐ͘EĂǀĞůĞǀĞƌŬƌĂĐŚƚŝŶŐĞŶǁĞƌĚĞŶŶĂĞĞŶŵĂĂŶĚĚĞǀĂŐŝŶĂΖƐǀĂŶĚĞǀƌŽƵǁĞŶ ǀŽůŐĞƉƌŽƉƚŵĞƚŬůĞŝŶĞďĂƚƚĞƌŝũĞŶŐĞǀƵůĚŵĞƚĂĐĐƵnjƵƵƌĞŶǁĞƌĚĞŶĚĞǀƌŽƵǁĞŶƚĞƌƵŐŐĞƐƚƵƵƌĚŶĂĂƌŚƵŶĚŽƌƉ͘ ϭϵϳϴ͗ ϱKWDͲůĞŝĚĞƌƐŐĞǀĂŶŐĞŶŐĞŶŽŵĞŶĚŽŽƌĚĞ'ĞŚĞŝŵĞŝĞŶƐƚ͕ŽƉĞŶŐĞƐŶĞĚĞŶ͕ǀĞƌŵŽŽƌĚĞŶŝŶĞĞŶŬƵŝůŐĞŐŽŽŝĚ͘ ϭϵϳϴ͗ >ŝũŬĞŶǀĂŶϭϰĚŽŽĚŐĞƐĐŚŽƚĞŶWĂƉŽĞĂΖƐŐĞǀŽŶĚĞŶďŝũĚĞ>ƵĐŚƚŚĂǀĞŶ^ĞŶƚĞŶŝ͘ ϭϵϳϴ͗

ϭϮϮWĂƉŽĞĂΖƐŐĞǀĂŶŐĞŶŐĞŶŽŵĞŶ;ϭϭϲŵĂŶŶĞŶнϲǀƌŽƵǁĞŶͿĚŽŽƌĚĞZŽĚĞĂƌĞƚƚĞŶ͘ĞǁĞƌĚĞŶĂĂŶŚĂŶĚĞŶĞŶǀŽĞƚĞŶ ŐĞďŽŶĚĞŶĞŶŝŶĚĞďƵƵƌƚǀĂŶDĞƌĂƵŬĞŝŶnjĞĞŐĞŐŽŽŝĚ͘

ϭϵϳϱͲϭϵϵϵKK^dͲd/DKZ͕ ϮϬϬ͘ϬϬϬŝŶǁŽŶĞƌƐǀĂŶKŽƐƚͲdŝŵŽƌǁŽƌĚĞŶǀĞƌŵŽŽƌĚĞŶϰ͘ϬϬϬŬŝŶĚĞƌĞŶŐĞƐƚŽůĞŶ͕ĚŽŽƌĚĞ /ŶĚŽŶĞƐŝƐĐŚĞŵŝůŝƚĂŝƌĞŶ͕ĚŝĞnjŝũĂůƐĞŝŐĞŶŬŝŶĚĞƌĞŶŚĞďďĞŶŽŶƚǀŽĞƌĚŶĂĂƌ/ŶĚŽŶĞƐŝģŽŵŚƵŶ ŽƵĚĞƌƐŝŶKŽƐƚͲdŝŵŽƌŽŶĚĞƌĚƌƵŬƚĞnjĞƚƚĞŶ EƵƌƵŝŵϰϬũĂĂƌůĂƚĞƌŝƐĞĞŶŐĞĚĞĞůƚĞƚĞƌƵŐŐĞŬĞĞƌĚŽƉKŽƐƚͲdŝŵŽƌ͕ŵĂĂƌŚƵŶŽƵĚĞƌƐĞŶ ŐƌŽƚĞĚĞůĞŶǀĂŶŚƵŶĨĂŵŝůŝĞůĞǀĞŶŶŝĞƚŵĞĞƌ sĞƌŵŽŽƌĚĚŽŽƌĚĞŵŝůŝƚĂŝƌĞŶǀĂŶĚĞZĞƉƵďůŝĞŬͲ/ŶĚŽŶĞƐŝģŽĨŽƉĞĞŶĂŶĚĞƌĞǁŝũnjĞŐĞƐƚŽƌǀĞŶ͘ ƌŝƐĞĞŶĂĂŶƚĂůŵĂĂŶĚĞŶŐĞůĞĚĞŶĞŶƵŝƚnjĞŶĚŝŶŐŐĞǁĞĞƐƚǁĂĂƌŝŶĞĞŶĞůŐŝƐĐŚĞdǀͲnjĞŶĚĞƌ ƵŝƚŐĞďƌĞŝĚǁĞĞƌŐĂǀĞŐĂĨǀĂŶĚĞnjĞƐŝƚƵĂƚŝĞŽŶĚĞƌĚĞŶĂĂŵ͗ ΗĞŐĞƐƚŽůĞŶŬŝŶĚĞƌĞŶǀĂŶKŽƐƚͲdŝŵŽƌΗ͘/ŬďĞƐĐŚŝŬŽǀĞƌĞĞŶŬŽƉŝĞ͘ sĂŶĚĂĂŐnjŽĞŬƚĞĞŶ ΗŐĞƐƚŽůĞŶŐĞŶĞƌĂƚŝĞΗ;ĚĞŐĞƐƚŽůĞŶŬŝŶĚĞƌĞŶͿ ŚĂĂƌǁĞŐƚĞƌƵŐŶĂĂƌŚƵŶ ĨĂŵŝůŝĞǁĂĂƌƵŝƚnjŝũƚŽĞŶĚŽŽƌĚĞ/ŶĚŽŶĞƐŝƐĐŚĞDŝůŝƚĂŝƌĞŶnjŝũŶŐĞƐƚŽůĞŶ͘ /ŶŵŝũŶďĞnjŝƚŚĞďŝŬƚŝĞŶƚĂůůĞŶďĞnjŝƚďĞǁŝũnjĞŶǀĂŶĚĞnjĞŐĞŐĞǀĞŶƐŽǀĞƌĚŝĞƐŝƚƵĂƚŝĞƐ͕ŶƵŐĂŝŬ ŽǀĞƌŶĂĂƌƐŝƚƵĂƚŝĞƐǁĂĂƌďŝũǀĞĞůŵĞĞƌWĂƉŽĞĂΖƐǁĞƌĚĞŶǀĞƌŵŽŽƌĚ͘

ϭϵϴϰ͗DŝŶŝƐƚĞƌͲWƌĞƐŝĚĞŶƚ>ƵďďĞƌƐ;ͿĚĞĞĚĚĂƚƚŽĐŚĂŶĚĞƌƐŝŶϭϵϴϰ͕ŝŶĞĞŶ ŶŝĞƵǁĞǁĞƚŐĞǀŝŶŐŽǀĞƌĚĞǀŽŽƌŵĂůŝŐĞŝŶǁŽŶĞƌƐǀĂŶĚĞEĞĚĞƌůĂŶĚƐĞ<ŽůŽŶŝģŶ ŵĂĂŬƚĞŚŝũĞŶnjŝũŶZĞŐĞƌŝŶŐŵĞƚŵĞĚĞǁĞƚĞŶǀĂŶĚĞƚŽĞŶŵĂůŝŐĞdǁĞĞĚĞ<ĂŵĞƌ ĚĞǀŽůŐĞŶĚĞƌĞŐĞů͗ /ŶǁŽŶĞƌƐǀĂŶĚĞǀŽŽƌŵĂůŝŐĞEĞĚĞƌůĂŶĚƐĞ<ŽůŽŶŝģŶŵŽĐŚƚĞŶĂůƐnjŝũǀŽŽƌϭũĂŶ͘ ϭϵϴϰŐĞďŽƌĞŶǁĂƌĞŶ͕ŶŽŐĂĂŶƐƉƌĂĂŬŵĂŬĞŶŽƉĚĞEĞĚĞƌůĂŶĚƐĞEĂƚŝŽŶĂůŝƚĞŝƚĞŶ ĚĂƚǁĂƐŽŽŬǀĂŶƚŽĞƉĂƐƐŝŶŐǀŽŽƌŚƵŶŬŝŶĚĞƌĞŶĞŶŬůĞŝŶŬŝŶĚĞƌĞŶ͘ DĂĂƌŽŽŬŐĂĨŚŝũŚĞĞůƐƉĞĐŝĨŝĞŬĂĂŶ͗ /d'>dE/dsKKZ/EtKEZ^sEE/htͲ'h/E͊͊͊͊͊ DŝŶŝƐƚĞƌͲWƌĞƐŝĚĞŶƚ>ƵďďĞƌƐnjĂůǁĞůŐĞĚĂĐŚƚŚĞďďĞŶ͕ĚĞ/ŶĚŽŶĞƐŝƐĐŚĞDŝůŝƚĂŝƌĞŶ ďĞƌŽǀĞŶŚĞŶǁĞůǀĂŶŚĞƚůĞǀĞŶĞŶĚĂŶŬƵŶŶĞŶnjĞŐĞŶĂĂŶƐƉƌĂĂŬŵĞĞƌŵĂŬĞŶŽƉ ĚĞEĞĚĞƌůĂŶĚƐĞŶĂƚŝŽŶĂůŝƚĞŝƚ͊͘ ƵƐĨŝŐƵƵƌůŝũŬ͕ŚŝũůĞǀĞƌĚĞŚĞƚĂĨƐĐŚŝĞƚŵĂƚĞƌŝĂĂůǀŽŽƌĚĞ/ŶĚŽŶĞƐŝƐĐŚĞDŝůŝƚĂŝƌĞŶ njŽĂůƐĚĂƚŚŝĞƌŽŶĚĞƌƐƚĂĂƚ͘ ϭϵϴϰ͗

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ϭϵϴϱ͗ ϯϭϬϬWĂƉŽĞĂΖƐǀĞƌŵŽŽƌĚĞŶĂĨŐĞƐůĂĐŚƚŝŶĚĞĚŽƌƉĞŶ/ǁĂŶĚŽŐĂ͕<ƵŐĂƉĂ͕ƉŽŵĂŶŝĞ/ŬŽƉŽĞŶDŽŶĞŵĂŶĞ͘ ϭϵϵϬͲϮϬϬϬ͗ ŚŽŶĚĞƌĚĞŶŵŽŽƌĚƉĂƌƚŝũĞŶĚŽŽƌŚĞƚ/ŶĚŽŶĞƐŝƐĐŚĞ>ĞŐĞƌǁĂĂƌďŝũϭϬͲϭϬϬWĂƉŽĞĂΖƐnjŝũŶǀĞƌŵŽŽƌĚ͘ ϭϵϵϴ͗ ϭϬϬũŽŶŐĞWĂƉŽĞĂΖƐǁĞƌĚĞŶŐĞĚǁŽŶŐĞŶŝŶŬůĞŝŶĞƚũĞƐƚĞƐƚĂƉƉĞŶĞŶǁĞƌĚĞŶǁĞŐŐĞǀĂƌĞŶ͘sĞůĞĚĂŐĞŶůĂƚĞƌ ƐƉŽĞůĚĞŶĞƌůŝũŬĞŶĂĂŶǀĂŶĚĞnjĞWĂƉŽĞĂΖƐŽƉƐŽŵƐǁĞůϭϬϬϬŬŵ͘ǀĂŶŝĂŬ͘ ϮϬϬϯ͗ ĞŶDŝůŝƚĂŝƌĞƵŝǀĞƌŝŶŐƐĂĐƚŝĞ͕ϳϳWĂƉŽĞĂΖƐ;ŵĂŶŶĞŶ͕ǀƌŽƵǁĞŶ͕ŬůĞŝŶĞŬŝŶĚĞƌĞŶĞŶďĂďLJΖƐͿǀĞƌŵŽŽƌĚ͘ ϮϬϬϯƚͬŵϮϬϭϬ͗ ,ŝĞƌǀŽŽƌǀĞƌǁŝũƐŝŬƵŶĂĂƌĚŽĐƵŵĞŶƚĞŶǀĂŶĚĞhE,Z͕ǁĂĂƌŝŶƵŝƚǀŽĞƌŝŐƐƚĂĂƚĂĂŶŐĞŐĞǀĞŶĚĂƚĞƌŝŶĚŝĞ ƉĞƌŝŽĚĞƐƚƵƐƐĞŶĚĞϱϬ͘ϬϬϬƚŽƚϳϬ͘ϬϬϬWĂƉŽĞĂΖƐƵŝƚŚĞƚŵŝũŶŐĞďŝĞĚǀĂŶ&ƌĞĞƉŽƌƚŝŶŚĞƚDŝĚĚĞŶŐĞďĞƌŐƚĞnjŝũŶǀĞƌĚƌĞǀĞŶ͕ ƚŝĞŶĚƵŝnjĞŶĚĞŶWĂƉŽĞĂΖƐnjŝũŶǀĞƌŵŽŽƌĚ ĞŶǀĞůĞĚƵŝnjĞŶĚĞŶǁŽƌĚĞŶƚŽƚŽƉǀĂŶĚĂĂŐǀĞƌŵŝƐƚ͕ĚƵƐŵĞƚĂĂŶnjĞŬĞƌŚĞŝĚ ŐĞůĚĞŶĚĞǁĂĂƌƐĐŚŝũŶůŝũŬŚĞŝĚǀĞƌŵŽŽƌĚĚŽŽƌĚƵŝnjĞŶĚĞŶ/ŶĚŽŶĞƐŝƐĐŚĞŵŝůŝƚĂŝƌĞŶĞŶĚĞ'ĞŚĞŝŵĞƉŽůŝƚŝĞ͘ ϮϬϬϰ͗ ϲ͘ϰϬϬWĂƉŽĞĂΖƐǀĞƌĚƌĞǀĞŶƵŝƚĚĞŽŵŐĞǀŝŶŐǀĂŶDƵůŝĂǀĂŶŚƵŝƐĞŶŚĂĂƌĚ͕ĚŽƌƉĞŶƉůĂƚŐĞďƌĂŶĚĞŶǀĞƌŶŝĞƚŝŐĚ͕ǀĞůĞ ĚŽĚĞŶ͕ǀĞƌŵŝƐƚĞŶĞŶŐĞǁŽŶĚĞŶ͕ ϮϬϬϱ͗ ŝũĞĞŶĂŶƚŝͲKWDͲŽƉĞƌĂƚŝĞǁĞƌĚĞŶĚŽŽƌĚĞZ/DK;/ŶĚŽŶĞƐŝƐĐŚĞ'ĞŚĞŝŵĞŝĞŶƐƚͿŝŶŚĞƚDŝĚĚĞŶŐĞďĞƌŐƚĞ ϭϬ͘ϬϬϬWĂƉŽĞĂΖƐǀĞƌĚƌĞǀĞŶƵŝƚŚƵŶǁŽŶŝŶŐĞŶĞŶŚƵŶĚŽƌƉĞŶ͕ĚĞĚŽƌƉĞŶǁĞƌĚĞŶƉůĂƚŐĞďƌĂŶĚ͕ĚƵŝnjĞŶĚĞŶĚŽĚĞŶ͕ ŐĞǁŽŶĚĞŶĞŶǀĞƌŵŝƐƚĞŶ ϮϬϬϲ͗

ϭ͘ϮϬϬWĂƉŽĞĂͲƐƚƵĚĞŶƚĞŶƵŝƚĚĞŽŵŐĞǀŝŶŐǀĂŶ:ĂLJĂƉƵƌĂǀĞƌĚƌĞǀĞŶŽǀĞƌĚĞŐƌĞŶƐŵĞƚWE';ǀŽŽƌŵĂůŝŐƵƐƚƌĂůŝƐĐŚ EŝĞƵǁͲ'ƵŝŶĞĂͿƌŝĐŚƚŝŶŐĚĞWĂƉŽĞĂͲǀůƵĐŚƚĞůŝŶŐĞŶŬĂŵƉĞŶ͕ǁĂĂƌnjŽΖŶϭϱ͘ϬϬϬͲϮϬ͘ϬϬϬΗEh,hE>sE>/:EΖŽŶĚĞƌĚĞ ŵĞĞƐƚĞƌďĂƌŵĞůŝũŬĞŽŵƐƚĂŶĚŝŐŚĞĚĞŶ͘ ϮϬϬϳ͗ϱ͘ϰϬϬWĂƉŽĞĂΖƐǀĞƌĚƌĞǀĞŶĚŽŽƌĚĞ/ŶĚŽŶĞƐŝƐĐŚĞŵŝůŝƚĂŝƌĞŶƵŝƚĚĞŽŵŐĞǀŝŶŐǀĂŶĚĞ:ĂŝŵŽsĂůůĞLJ͘ ϮϬϭϬ͗ tĞĚĞƌŽŵǁĞĞƌĚƵŝnjĞŶĚĞŶWĂƉŽĞĂΖƐĚŽŽƌ/ŶĚŽŶĞƐŝƐĐŚĞŵŝůŝƚĂŝƌĞŶǀĞƌĚƌĞǀĞŶƵŝƚĚĞŽŵŐĞǀŝŶŐǀĂŶDƵůŝĂ͘ ϮϬϭϭ͗/ŶĞĞƌƐƚĞŝŶƐƚĂŶƚŝĞǁĞƌĚĞŶϮϳĚŽƌƉĞŶŵĞƚĚĞŐƌŽŶĚŐĞůŝũŬŐĞŵĂĂŬƚ͕ĂĂŶǀƵůůĞŶĚǁĞƌĚĞŶĞƌŶŽŐϭϯϬĚŽƌƉĞŶ ƉůĂƚŐĞďƌĂŶĚĚŽŽƌĚĞZ/DKĞŶE^h^ϴϴŝŶĚĞŽŵŐĞǀŝŶŐǀĂŶWĂŶŝĂŝ͘ ŝũĚŝĞĂĐƚŝĞƐǁĂƌĞŶƚƵƐƐĞŶĚĞϭϱ͘ϬϬϬĞŶϮϬ͘ϬϬϬĚŽĚĞŶƚĞďĞƚƌĞƵƌĞŶ͘ ĞŶĂŵĞŶǀĂŶĂůůĞϭϱϳĚŽƌƉĞŶnjŝũŶďŝũƵďĞŬĞŶĚǀĂŶƵŝƚŚĞƚĂĂŶƵŐĞnjŽŶĚĞŶǀĞƌǁĞĞƌƐĐŚƌŝĨƚƚĞŶďĞŚŽĞǀĞǀĂŶĚĞ ǀĞƌǁĞĞƌƐĐŚƌŝĨƚĞŶƚĞŐĞŶĚĞǀĞƌŬŽŽƉǀĂŶϴϬͬϭϬϬƚĂŶŬƐĚŝĞ<KKWDE,/>>EǁŝůĚĞǀĞƌŬŽƉĞŶĂĂŶĚĞZĞƉƵďůŝĞŬͲ /ŶĚŽŶĞƐŝģ͘

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