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HomeMy WebLinkAboutContractD^dZEKEͲy>h^/sKEͲ>>^D>>Wh>/tKZ<^ 'ZDEd&KZWZ^^hZt^,/E'/dzKtE WZKWZd/^ 'Ͳ25Ͳ268 d,/^'ZDEd ;͞ŐƌĞĞŵĞŶƚ͟ͿŝƐŵĂĚĞĂƐŽĨƚŚĞ14th ĚĂLJŽĨAugust͕ϮϬϮ5͕;ƚŚĞ ͞ĨĨĞĐƚŝǀĞĂƚĞ͟ͿďLJĂŶĚďĞƚǁĞĞŶƚŚĞŝƚLJŽĨZĞŶƚŽŶ͕ĂtĂƐŚŝŶŐƚŽŶŵƵŶŝĐŝƉĂůĐŽƌƉŽƌĂƚŝŽŶ ;͞ŝƚLJ͟Ϳ͕ĂŶĚ&ZEƌLJǁĂůůŽƌƉ͘ ;͞ŽŶƚƌĂĐƚŽƌ͟Ϳ͕Ă tĂƐŚŝŶŐƚŽŶ^ƚĂƚĞŽƌƉŽƌĂƚŝŽŶǁŚŽĂƌĞ ĐŽůůĞĐƚŝǀĞůLJƌĞĨĞƌƌĞĚƚŽĂƐƚŚĞ͞WĂƌƚŝĞƐ͕͟ƚŽƉƌŽǀŝĚĞŶŽŶͲĞdžĐůƵƐŝǀĞŽŶͲĐĂůůWƌĞƐƐƵƌĞtĂƐŚŝŶŐŽĨĐŝƚLJ ŽǁŶĞĚƉƌŽƉĞƌƚŝĞƐ͘ ŝƚLJĂŶĚŽŶƚƌĂĐƚŽƌĂŐƌĞĞĂƐƐĞƚĨŽƌƚŚďĞůŽǁ͘ dŚĞŝƚLJĚĞƐŝƌĞĚŽŶͲĐĂůůƉƌĞƐƐƵƌĞǁĂƐŚŝŶŐŽĨ ĐŝƚLJŽǁŶĞĚƉƌŽƉĞƌƚŝĞƐĂŶĚƐŽůŝĐŝƚĞĚĂǁƌŝƚƚĞŶŝĚ WƌŽƉŽƐĂůĨŽƌƚŚŝƐŐƌĞĞŵĞŶƚ͘dŚĞŽŶƚƌĂĐƚŽƌƌĞƐƉŽŶĚĞĚƚŽƚŚĞŝĚWƌŽƉŽƐĂůƚŽƉƌŽǀŝĚĞƚŚĞƐĞ ƐĞƌǀŝĐĞƐĂŶĚƌĞƉƌĞƐĞŶƚƐƚŚĂƚŝƚŝƐƋƵĂůŝĨŝĞĚĂŶĚƉŽƐƐĞƐƐĞƐƐƵĨĨŝĐŝĞŶƚƐŬŝůůƐƚŽƉĞƌĨŽƌŵƐƵĐŚǁŽƌŬ͘ ϭ͘^ĐŽƉĞŽĨtŽƌŬ͗ ŽŶƚƌĂĐƚŽƌĂŐƌĞĞƐƚŽƉƌŽǀŝĚĞŶŽŶͲĞdžĐůƵƐŝǀĞŽŶͲĐĂůů^ŵĂůůWƵďůŝĐtŽƌŬƐ WƌĞƐƐƵƌĞtĂƐŚŝŶŐƐĞƌǀŝĐĞƐĂƐƐƉĞĐŝĨŝĞĚŝŶdžŚŝďŝƚ͘ǁŚŝĐŚŝƐĂƚƚĂĐŚĞĚĂŶĚŝŶĐŽƌƉŽƌĂƚĞĚ ŚĞƌĞŝŶĂŶĚŵĂLJďĞƌĞĨĞƌƌĞĚƚŽĂƐƚŚĞ͞tŽƌŬ͘͟ ^ƉĞĐŝĨŝĐtŽƌŬŝƐƚŽďĞĂƐƐŝŐŶĞĚĂƐ/EsK/ tKZ<KZZ^ŶĞĞĚƵŶĚĞƌƚŚŝƐĂŐƌĞĞŵĞŶƚďLJƚŚĞƉƌŽũĞĐƚŵĂŶĂŐĞƌƐ͘ Ϯ͘ŚĂŶŐĞƐŝŶ^ĐŽƉĞŽĨtŽƌŬ͗ ŝƚLJ͕ǁŝƚŚŽƵƚŝŶǀĂůŝĚĂƚŝŶŐƚŚŝƐŐƌĞĞŵĞŶƚ͕ŵĂLJŽƌĚĞƌĐŚĂŶŐĞƐ ƚŽƚŚĞ^ĐŽƉĞŽĨtŽƌŬĐŽŶƐŝƐƚŝŶŐŽĨĂĚĚŝƚŝŽŶƐ͕ĚĞůĞƚŝŽŶƐŽƌŵŽĚŝĨŝĐĂƚŝŽŶƐ͕ƚŚĞŐƌĞĞŵĞŶƚ ^ƵŵďĞŝŶŐĂĚũƵƐƚĞĚĂĐĐŽƌĚŝŶŐůLJďLJWĂƌƚŝĞƐŵƵƚƵĂůĂŐƌĞĞŵĞŶƚ͘ ^ƵĐŚĐŚĂŶŐĞƐŝŶƚŚĞǁŽƌŬ ƐŚĂůůďĞĂƵƚŚŽƌŝnjĞĚďLJǁƌŝƚƚĞŶŚĂŶŐĞKƌĚĞƌŽƌŵĞŶĚŵĞŶƚƐŝŐŶĞĚďLJƚŚĞWĂƌƚŝĞƐ͘ ϯ͘dŝŵĞŽĨWĞƌĨŽƌŵĂŶĐĞͬdĞƌŵŽĨŐƌĞĞŵĞŶƚͬZĞŶĞǁĂů͗ ͘ŽŶƚƌĂĐƚŽƌ ƐŚĂůů ĐŽŵŵĞŶĐĞ ƉĞƌĨŽƌŵĂŶĐĞ ŽĨ ƚŚĞ ŐƌĞĞŵĞŶƚ ƉƵƌƐƵĂŶƚƚŽƚŚĞ ƐĐŚĞĚƵůĞƐƐĞƚĨŽƌƚŚŝŶĂŶŝŶǀŽŝĐĞ͘ ͘dŚĞdĞƌŵŽĨƚŚŝƐŐƌĞĞŵĞŶƚƐŝƐŽŶĞLJĞĂƌ͗ůůtŽƌŬƐŚĂůůďĞƉĞƌĨŽƌŵĞĚŶŽƚůĂƚĞƌ ƚŚĂŶ:ƵůLJϭ͕ϮϬϮϲ͘ ͘dŚŝƐŐƌĞĞŵĞŶƚŵĂLJďĞƌĞŶĞǁĞĚĨŽƌƚǁŽ;ϮͿĂĚĚŝƚŝŽŶĂůŽŶĞ;ϭͿLJĞĂƌƉĞƌŝŽĚƐ͘ Ύ ŶŽƚĞƚŚĞWƌĞǀĂŝůŝŶŐtĂŐĞZĂƚĞƵƉĚĂƚĞŝŶWĂƌĂŐƌĂƉŚϱ͘͘ ! "         CAG-25-268 W'Ϯ K&ϭϭ ͘ dŚŝƐŐƌĞĞŵĞŶƚŵĂLJďĞĞdžƚĞŶĚĞĚĨŽƌůĞƐƐƚŚĂŶŽŶĞLJĞĂƌƚŽĂĐĐŽŵƉůŝƐŚĂŶĚĞdžŝƐƚŝŶŐ /EsK/tKZ<KZZ^͕ŝĨƌĞƋƵŝƌĞĚ͕ƵƉŽŶŵƵƚƵĂůǁƌŝƚƚĞŶĂŐƌĞĞŵĞŶƚŽĨŝƚLJĂŶĚ ŽŶƚƌĂĐƚŽƌ͘ ϰ͘ ŽŵƉĞŶƐĂƚŝŽŶ͗ ͘ ŵŽƵŶƚ͘dŽƚĂůĐŽŵƉĞŶƐĂƚŝŽŶƚŽŽŶƚƌĂĐƚŽƌĨŽƌtŽƌŬĨŽƌ>>KEͲ>>/EsK/tKZ< KZZ^ ĐƵŵƵůĂƚŝǀĞůLJ ƉƌŽǀŝĚĞĚ ƉƵƌƐƵĂŶƚ ƚŽ ƚŚŝƐ ŐƌĞĞŵĞŶƚ ƐŚĂůů ŶŽƚ ĞdžĐĞĞĚ Ψϰϵ͕ϱϬϬ͘ϬϬ͕ ŝŶĐůƵĚŝŶŐĂŶLJĂƉƉůŝĐĂďůĞƐƚĂƚĞĂŶĚůŽĐĂůƐĂůĞƐƚĂdžĞƐ͘ŽŵƉĞŶƐĂƚŝŽŶƐŚĂůů ďĞƉĂŝĚďĂƐĞĚƵƉŽŶtŽƌŬĂĐƚƵĂůůLJƉĞƌĨŽƌŵĞĚĂĐĐŽƌĚŝŶŐƚŽƚŚĞƌĂƚĞ;ƐͿŽƌĂŵŽƵŶƚƐ ƐƉĞĐŝĨŝĞĚŝŶdžŚŝďŝƚ͘dŚĞǁŽƌŬǁŝůůďĞŽƌĚĞƌĞĚĂƐŶĞĞĚĞĚƉĞƌKEͲ>>/EsK/KZZ ĂŶĚƚŚĞƌĞŝƐŶŽŐƵĂƌĂŶƚĞĞĚŵŝŶŝŵƵŵĂŵŽƵŶƚƚŽďĞƉĂŝĚƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚ͘dŚĞ ŽŶƚƌĂĐƚŽƌĂŐƌĞĞƐƚŚĂƚĂŶLJŚŽƵƌůLJŽƌĨůĂƚƌĂƚĞĐŚĂƌŐĞĚďLJ ŝƚĨŽƌŝƚƐtŽƌŬƐŚĂůůƌĞŵĂŝŶ ůŽĐŬĞĚĂƚƚŚĞŶĞŐŽƚŝĂƚĞĚƌĂƚĞ;ƐͿƵŶůĞƐƐŽƚŚĞƌǁŝƐĞĂŐƌĞĞĚƚŽŝŶǁƌŝƚŝŶŐŽƌƉƌŽǀŝĚĞĚŝŶ džŚŝďŝƚ ͘ džĐĞƉƚ ĂƐ ƐƉĞĐŝĨŝĐĂůůLJ ƉƌŽǀŝĚĞĚ ŚĞƌĞŝŶ͕ ƚŚĞ ŽŶƚƌĂĐƚŽƌ ƐŚĂůů ďĞ ƐŽůĞůLJ ƌĞƐƉŽŶƐŝďůĞĨŽƌƉĂLJŵĞŶƚŽĨĂŶLJƚĂdžĞƐŝŵƉŽƐĞĚĂƐĂƌĞƐƵůƚŽĨƚŚĞƉĞƌĨŽƌŵĂŶĐĞĂŶĚ ƉĂLJŵĞŶƚŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ ͘ DĞƚŚŽĚŽĨWĂLJŵĞŶƚ͘&ŽƌĞĂĐŚKEͲ>>/EsK/tKZ<KZZ͕ŽŶĂŵŽŶƚŚůLJŽƌŶŽůĞƐƐ ƚŚĂŶƋƵĂƌƚĞƌůLJďĂƐŝƐĚƵƌŝŶŐĂŶLJƋƵĂƌƚĞƌŝŶǁŚŝĐŚtŽƌŬŝƐƉĞƌĨŽƌŵĞĚ͕ƚŚĞŽŶƚƌĂĐƚŽƌ ƐŚĂůůƐƵďŵŝƚĂǀŽƵĐŚĞƌŽƌŝŶǀŽŝĐĞŝŶĂĨŽƌŵƐƉĞĐŝĨŝĞĚďLJƚŚĞŝƚLJ͕ŝŶĐůƵĚŝŶŐĂĚĞƐĐƌŝƉƚŝŽŶ ŽĨǁŚĂƚtŽƌŬŚĂƐďĞĞŶƉĞƌĨŽƌŵĞĚ͕ƚŚĞŶĂŵĞŽĨƚŚĞƉĞƌƐŽŶŶĞůƉĞƌĨŽƌŵŝŶŐƐƵĐŚtŽƌŬ͕ ĂŶĚĂŶLJŚŽƵƌůLJůĂďŽƌĐŚĂƌŐĞƌĂƚĞĨŽƌƐƵĐŚƉĞƌƐŽŶŶĞů͘dŚĞŽŶƚƌĂĐƚŽƌƐŚĂůůĂůƐŽƐƵďŵŝƚ ĂĨŝŶĂůďŝůůƵƉŽŶĐŽŵƉůĞƚŝŽŶŽĨĂůůtŽƌŬ͘WĂLJŵĞŶƚƐŚĂůůďĞŵĂĚĞďLJƚŚĞŝƚLJĨŽƌtŽƌŬ ƉĞƌĨŽƌŵĞĚǁŝƚŚŝŶƚŚŝƌƚLJ;ϯϬͿĐĂůĞŶĚĂƌĚĂLJƐĂĨƚĞƌƌĞĐĞŝƉƚĂŶĚĂƉƉƌŽǀĂů ďLJ ƚŚĞ ĂƉƉƌŽƉƌŝĂƚĞ ŝƚLJ ƌĞƉƌĞƐĞŶƚĂƚŝǀĞ ŽĨ ƚŚĞ ǀŽƵĐŚĞƌ Žƌ ŝŶǀŽŝĐĞ͘ /Ĩ ƚŚĞ ŽŶƚƌĂĐƚŽƌ͛Ɛ ƉĞƌĨŽƌŵĂŶĐĞĚŽĞƐŶŽƚŵĞĞƚƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͕ƚŚĞŽŶƚƌĂĐƚŽƌǁŝůů ĐŽƌƌĞĐƚŽƌŵŽĚŝĨLJŝƚƐ ƉĞƌĨŽƌŵĂŶĐĞƚŽĐŽŵƉůLJǁŝƚŚƚŚĞŐƌĞĞŵĞŶƚ͘dŚĞ ŝƚLJ ŵĂLJ ǁŝƚŚŚŽůĚƉĂLJŵĞŶƚĨŽƌǁŽƌŬƚŚĂƚĚŽĞƐŶŽƚŵĞĞƚƚŚĞƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ ͘ ĨĨĞĐƚŽĨWĂLJŵĞŶƚ͘WĂLJŵĞŶƚĨŽƌĂŶLJƉĂƌƚŽĨƚŚĞtŽƌŬƐŚĂůůŶŽƚĐŽŶƐƚŝƚƵƚĞĂǁĂŝǀĞƌďLJ ƚŚĞŝƚLJŽĨĂŶLJƌĞŵĞĚŝĞƐŝƚŵĂLJŚĂǀĞĂŐĂŝŶƐƚƚŚĞŽŶƚƌĂĐƚŽƌĨŽƌĨĂŝůƵƌĞŽĨƚŚĞŽŶƚƌĂĐƚŽƌ ƚŽƉĞƌĨŽƌŵƚŚĞtŽƌŬŽƌĨŽƌĂŶLJďƌĞĂĐŚŽĨƚŚŝƐŐƌĞĞŵĞŶƚďLJƚŚĞŽŶƚƌĂĐƚŽƌ͘ ͘ EŽŶͲƉƉƌŽƉƌŝĂƚŝŽŶŽĨ&ƵŶĚƐ͘/ĨƐƵĨĨŝĐŝĞŶƚĨƵŶĚƐĂƌĞŶŽƚĂƉƉƌŽƉƌŝĂƚĞĚŽƌĂůůŽĐĂƚĞĚĨŽƌ ƉĂLJŵĞŶƚ ƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚ ĨŽƌĂŶLJĨƵƚƵƌĞ ĨŝƐĐĂůƉĞƌŝŽĚ͕ƚŚĞŝƚLJƐŚĂůůŶŽƚďĞ ŽďůŝŐĂƚĞĚƚŽŵĂŬĞƉĂLJŵĞŶƚƐĨŽƌtŽƌŬŽƌĂŵŽƵŶƚƐŝŶĐƵƌƌĞĚĂĨƚĞƌƚŚĞĞŶĚŽĨƚŚĞĐƵƌƌĞŶƚ ĨŝƐĐĂůƉĞƌŝŽĚ͕ĂŶĚƚŚŝƐŐƌĞĞŵĞŶƚǁŝůůƚĞƌŵŝŶĂƚĞƵƉŽŶƚŚĞĐŽŵƉůĞƚŝŽŶŽĨĂůůƌĞŵĂŝŶŝŶŐ tŽƌŬĨŽƌǁŚŝĐŚĨƵŶĚƐĂƌĞĂůůŽĐĂƚĞĚ͘EŽƉĞŶĂůƚLJŽƌĞdžƉĞŶƐĞƐŚĂůůĂĐĐƌƵĞƚŽƚŚĞŝƚLJŝŶ ƚŚĞĞǀĞŶƚƚŚŝƐƉƌŽǀŝƐŝŽŶĂƉƉůŝĞƐ͘ ! "         W'ϯ K&ϭϭ ϱ͘ WƌĞǀĂŝůŝŶŐtĂŐĞͬDĞƚŚŽĚŽĨWĂLJŵĞŶƚͬZĞƚĂŝŶĂŐĞͬŽŶĚŝŶŐ ͗WĂLJŵĞŶƚďLJƚŚĞŝƚLJĨŽƌƚŚĞ tŽƌŬǁŝůůŽŶůLJďĞŵĂĚĞĂĨƚĞƌƚŚĞtŽƌŬŚĂƐďĞĞŶƉĞƌĨŽƌŵĞĚĂŶĚĂǀŽƵĐŚĞƌŽƌŝŶǀŽŝĐĞŝƐ ƐƵďŵŝƚƚĞĚŝŶĂĨŽƌŵĂĐĐĞƉƚĂďůĞƚŽƚŚĞŝƚLJ͘ ͘WƌĞǀĂŝůŝŶŐtĂŐĞZĂƚĞƐ͗ ŽŶƚƌĂĐƚŽƌŵƵƐƚĐŽŵƉůLJǁŝƚŚƚŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶƉƌĞǀĂŝůŝŶŐǁĂŐĞ ƌĞƋƵŝƌĞŵĞŶƚƐ͘ŽŶƚƌĂĐƚŽƌŵƵƐƚĨŝůĞĂŶ/ŶƚĞŶƚdŽWĂLJWƌĞǀĂŝůŝŶŐtĂŐĞĂƚƚŚĞ ďĞŐŝŶŶŝŶŐŽĨƚŚĞƉƌŽũĞĐƚĂŶĚĂƚƚŚĞďĞŐŝŶŶŝŶŐŽĨĞĂĐŚĐĂůĞŶĚĂƌLJĞĂƌĂŶĚĂŶ ĨĨŝĚĂǀŝƚŽĨtĂŐĞƐWĂŝĚĂƚƚŚĞĞŶĚŽĨĞĂĐŚĐĂůĞŶĚĂƌLJĞĂƌĂŶĚĂƚƚŚĞĞŶĚŽĨƚŚĞ ƉƌŽũĞĐƚǁŝƚŚƚŚĞtĂƐŚŝŶŐƚŽŶ^ƚĂƚĞĞƉĂƌƚŵĞŶƚŽĨ>ĂďŽƌĂŶĚ/ŶĚƵƐƚƌŝĞƐ͘Ύ&ŝŶĂů ƉĂLJŵĞŶƚǁŝůůďĞŚĞůĚƵŶƚŝůĨĨŝĚĂǀŝƚŽĨtĂŐĞƐWĂŝĚŝƐƐƵďŵŝƚƚĞĚĨŽƌĞĂĐŚ ƉĞƌŝŽĚͬĐĂůĞŶĚĂƌLJĞĂƌŽƌĞŶĚŽĨƉƌŽũĞĐƚ͘ dŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶƉƌĞǀĂŝůŝŶŐǁĂŐĞƌĂƚĞƐĂƉƉůŝĐĂďůĞĨŽƌƚŚŝƐƉƌŽũĞĐƚ͕ǁŚŝĐŚŝƐ ůŽĐĂƚĞĚŝŶ<ŝŶŐŽƵŶƚLJ͕ŵĂLJďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďƐŝƚĞĂĚĚƌĞƐƐŽĨƚŚĞ ĞƉĂƌƚŵĞŶƚŽĨ>ĂďŽƌĂŶĚ/ŶĚƵƐƚƌŝĞƐ͗ ŚƚƚƉ͗ͬͬǁǁǁ͘ůŶŝ͘ǁĂ͘ŐŽǀͬdƌĂĚĞƐ>ŝĐĞŶƐŝŶŐͬWƌĞǀtĂŐĞͬĚĞĨĂƵůƚ͘ĂƐƉ ŚƚƚƉ͗ͬͬǁǁǁ͘ůŶŝ͘ǁĂ͘ŐŽǀͬdƌĂĚĞƐ>ŝĐĞŶƐŝŶŐͬWƌĞǀtĂŐĞͬtĂŐĞZĂƚĞƐͬĚĞĨĂƵůƚ͘ĂƐƉ WƵƌƐƵĂŶƚƚŽtϮϵϲͲϭϮϳͲϬϭϭ͕ƚŚĞĂƉƉůŝĐĂďůĞĞĨĨĞĐƚŝǀĞĚĂƚĞĨŽƌƉƌĞǀĂŝůŝŶŐǁĂŐĞ ƌĂƚĞƐƉĂŝĚĨŽƌƚŚĞĚƵƌĂƚŝŽŶŽĨƚŚŝƐĐŽŶƚƌĂĐƚƐŚĂůůďĞƚŚĞĚĂƚĞƚŚĞĐŽŶƚƌĂĐƚŝƐ ĞdžĞĐƵƚĞĚĂƐƌĞĨůĞĐƚĞĚŝŶƚŚĞ͞ĨĨĞĐƚŝǀĞĂƚĞ͟ŝĚĞŶƚŝĨŝĞĚĂƚƚŚĞƚŽƉŽĨƚŚĞĨŝƌƐƚƉĂŐĞ ŽĨƚŚŝƐŐƌĞĞŵĞŶƚĂŶĚƵƉŽŶƚŚĞ͞ĨĨĞĐƚŝǀĞĂƚĞ͟ŽĨĞĂĐŚƌĞŶĞǁĂů͘ ;ΎEŽƚĞWƌĞǀĂŝůŝŶŐtĂŐĞƐĨŽƌƚŚŝƐĂŐƌĞĞŵĞŶƚǁŝůůƵƉĚĂƚĞƚŽƚŚĞƚŚĞŶĐƵƌƌĞŶƚ WƌĞǀĂŝůŝŶŐtĂŐĞƐƌĂƚĞĨŽƌƚŚĞĞĨĨĞĐƚŝǀĞĚĂƚĞŽĨĞĂĐŚŽŶĞLJĞĂƌƌĞŶĞǁĂů͘Ϳ hƉŽŶƌĞƋƵĞƐƚ͕ƚŚĞŝƚLJǁŝůůƉƌŽǀŝĚĞĂĐŽƉLJŽĨƚŚĞĂƉƉůŝĐĂďůĞƉƌĞǀĂŝůŝŶŐǁĂŐĞƐĨŽƌ ƚŚŝƐƉƌŽũĞĐƚ͘ůƚĞƌŶĂƚŝǀĞůLJ͕ƚŚĞƌĂƚĞƐŵĂLJďĞǀŝĞǁĞĚĂƚƚŚĞŝƚLJŽĨZĞŶƚŽŶŝƚLJ,Ăůů ďLJŵĂŬŝŶŐĂŶĂƉƉŽŝŶƚŵĞŶƚǁŝƚŚƚŚĞĐŽŶƚĂĐƚƉĞƌƐŽŶŝĚĞŶƚŝĨŝĞĚŚĞƌĞŝŶŽƌƉƌŝŽƌƚŽ ĐŽŶƚƌĂĐƚĂǁĂƌĚǁŝƚŚƚŚĞĐŽŶƚĂĐƚƉĞƌƐŽŶŝĚĞŶƚŝĨŝĞĚĂƐƚŚĞŝƚLJŽĨZĞŶƚŽŶĐŽŶƚĂĐƚŝŶ WĂƌĂŐƌĂƉŚϭϰEŽƚŝĐĞƐŽĨƚŚŝƐĂŐƌĞĞŵĞŶƚ͘ ͘&ŽƌŐƌĞĞŵĞŶƚƐŽǀĞƌΨϭϱϬ͕ϬϬϬ͗ WƵƌƐƵĂŶƚƚŽZtϲϬ͘ϮϴĂŶĚϯϵ͘ϬϴdŚĞŝƚLJƌĞƋƵŝƌĞƐĂϱйZĞƚĂŝŶĂŐĞďĞǁŝƚŚŚĞůĚ ĂŶĚƚŚĂƚƚŚĞŽŶƚƌĂĐƚŽƌǁŝůůƉƌŽǀŝĚĞĂWĞƌĨŽƌŵĂŶĐĞĂŶĚWĂLJŵĞŶƚ;ŽŶƚƌĂĐƚͿŽŶĚ ŽŶƚŚĞŝƚLJĂƉƉƌŽǀĞĚĨŽƌŵƵƉŽŶĞdžĞĐƵƚŝŽŶŽĨƚŚĞŐƌĞĞŵĞŶƚ͘WĂLJŵ ĞŶƚŽĨƚŚĞŝŶŝƚŝĂů ϵϱйǁŝůůďĞŵĂĚĞŝŶƚŚĞŶĞdžƚƉĂLJĐLJĐůĞŽĨƚŚĞZĞŶƚŽŶ&ŝŶĂŶĐĞĞƉĂƌƚŵĞŶƚĂĨƚĞƌ ƌĞĐĞŝƉƚŽĨƐƵĐŚǀŽƵĐŚĞƌŽƌŝŶǀŽŝĐĞ;ƉĂLJĐLJĐůĞƐĂƌĞďŝͲǁĞĞŬůLJͿ͘dŚĞƌĞŵĂŝŶŝŶŐϱй ǁŝůůďĞƌĞƚĂŝŶĞĚĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨĐŽŵƉůĞƚŝŽŶŽĨƚŚĞƉƌŽũĞĐƚĂŶĚĨƵůĨŝůůŵĞŶƚŽĨ ĐůĂŝŵƐĂŶĚůŝĞŶƐ͘ ! "         W'ϰ K&ϭϭ ͘&ŽƌŐƌĞĞŵĞŶƚƐƵŶĚĞƌΨϭϱϬ͕ϬϬϬ WƵƌƐƵĂŶƚƚŽZtϲϬ͘ϮϴĂŶĚ ϯϵ͘ϬϴƚŚĞŝƚLJƌĞƋƵŝƌĞƐĂϱйZĞƚĂŝŶĂŐĞďĞǁŝƚŚŚĞůĚ ĂŶĚƚŚĂƚƚŚĞŽŶƚƌĂĐƚŽƌǁŝůůƉƌŽǀŝĚĞĞŝƚŚĞƌĂWĞƌĨŽƌŵĂŶĐĞĂŶĚWĂLJŵĞŶƚ;ŽŶƚƌĂĐƚͿ ŽŶĚ ŽŶ ƚŚĞ ŝƚLJ ĂƉƉƌŽǀĞĚ ĨŽƌŵ ƵƉŽŶ ĞdžĞĐƵƚŝŽŶ ŽĨ ƚŚĞ ŐƌĞĞŵĞŶƚ Žƌ ǁĂŝǀĞ ƚŚĞ ƉĂLJŵĞŶƚĂŶĚƉĞƌĨŽƌŵĂŶĐĞďŽŶĚĂŶĚŝŶƐƚĞĂĚƚŚĞŝƚLJǁŝůůƌĞƚĂŝŶϭϬй͘ WĂLJŵĞŶƚŽĨ ƚŚĞŝŶŝƚŝĂůϵϱйǁŝůůďĞŵĂĚĞŝŶƚŚĞŶĞdžƚƉĂLJĐLJĐůĞŽĨƚŚĞZĞŶƚŽŶ&ŝŶĂŶĐĞĞƉĂƌƚŵĞŶƚ ĂĨƚĞƌƌĞĐĞŝƉƚŽĨƐƵĐŚǀŽƵĐŚĞƌŽƌŝŶǀŽŝĐĞ;ƉĂLJĐLJĐůĞƐĂƌĞďŝͲǁĞĞŬůLJͿ͘dŚĞƌĞŵĂŝŶŝŶŐ ϱйǁŝůůďĞƌĞƚĂŝŶĞĚĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨĐŽŵƉůĞƚŝŽŶŽĨƚŚĞƉƌŽũĞĐƚĂŶĚĨƵůĨŝůůŵĞŶƚŽĨ ĐůĂŝŵƐ ĂŶĚ ůŝĞŶƐ͘ ;hŶůĞƐƐ ƚŚĞ ŽŶƚƌĂĐƚŽƌ ǁĂŝǀĞƐ ƚŚĞ ƉĂLJŵĞŶƚ ĂŶĚ ƉĞƌĨŽƌŵĂŶĐĞ ďŽŶĚďĞůŽǁĂŶĚŽƉƚƐĨŽƌĂϭϬйƌĞƚĂŝŶĂŐĞďĞůŽǁ͘Ϳ ŽŶƚƌĂĐƚŽƌŵƵƐƚƉŝĐŬŽŶĞʹ ŝĨĐŽŶƚƌĂĐƚŽƌĚŽĞƐŶŽƚƉŝĐŬŽŶĞƚŚĞŶƚŚĞĨŝƌƐƚŽƉƚŝŽŶ ;ϱйƌĞƚĂŝŶĂŐĞǁŝƚŚĐŽŶƚƌĂĐƚďŽŶĚͿĂƉƉůŝĞƐ͗ ͺͺͺͺͺͺͺ dŽƉƌŽǀŝĚĞĂƉĂLJŵĞŶƚĂŶĚƉĞƌĨŽƌŵĂŶĐĞďŽŶĚ;ĐŽŶƚƌĂĐƚďŽŶĚͿŝŶƚŚĞ ĂŵŽƵŶƚŽĨϭϬϬйŽĨƚŚĞĞƐƚŝŵĂƚĞŝŶĐůƵĚŝŶŐƚĂdžĞƐǁŝƚŚĂϱйƌĞƚĂŝŶĂŐĞ͘ Žƌ ͺdžͺͺͺͺͺͺ dŽǁĂŝǀĞĂƉĂLJŵĞŶƚĂŶĚƉĞƌĨŽƌŵĂŶĐĞďŽŶĚ;ĐŽŶƚƌĂĐƚďŽŶĚͿĂŶĚ ŝŶƐƚĞĂĚƚŚĞĐŝƚLJǁŝůůƌĞƚĂŝŶƚŚĞƌĞŵĂŝŶŝŶŐϭϬйǁŝůůďĞƌĞƚĂŝŶĞĚĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨ ĐŽŵƉůĞƚŝŽŶŽĨƚŚĞƉƌŽũĞĐƚĂŶĚĨƵůĨŝůůŵĞŶƚŽĨĐůĂŝŵƐĂŶĚůŝĞŶƐ͘ ͘ ŝƚLJƐŚĂůůŚĂǀĞƚŚĞƌŝŐŚƚƚŽǁŝƚŚŚŽůĚƉĂLJŵĞŶƚƚŽŽŶƚƌĂĐƚŽƌĨŽƌĂŶLJǁŽƌŬŶŽƚ ĐŽŵƉůĞƚĞĚŝŶĂƐĂƚŝƐĨĂĐƚŽƌLJŵĂŶŶĞƌƵŶƚŝůƐƵĐŚƚŝŵĞĂƐŽŶƚƌĂĐƚŽƌŵŽĚŝĨŝĞƐƐƵĐŚ ǁŽƌŬƐŽƚŚĂƚƚŚĞƐĂŵĞŝƐƐĂƚŝƐĨĂĐƚŽƌLJ͘ ͘ &ŝŶĂůĐĐĞƉƚĂŶĐĞ͘&ŝŶĂůĐĐĞƉƚĂŶĐĞŽĨƚŚĞWƌŽũĞĐƚŽĨĂŶ>>KEͲ>>/EsK/ tKZ<KZZ^ǁŚĞŶƚŚĞŝƚLJŚĂƐĚĞƚĞƌŵŝŶĞĚƚŚĂƚƚŚĞWƌŽũĞĐƚŝƐŽŶĞŚƵŶĚƌĞĚ ƉĞƌĐĞŶƚ;ϭϬϬйͿĐŽŵƉůĞƚĞĂŶĚŚĂƐďĞĞŶĐŽŵƉůĞƚĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞWůĂŶƐ ĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ͘ ϲ͘ dĞƌŵŝŶĂƚŝŽŶ͗ ͘ dŚĞŝƚLJƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽƚĞƌŵŝŶĂƚĞƚŚŝƐŐƌĞĞŵĞŶƚĂƚĂŶLJƚŝŵĞ͕ǁŝƚŚŽƌǁŝƚŚŽƵƚ ĐĂƵƐĞďLJŐŝǀŝŶŐƚĞŶ;ϭϬͿĐĂůĞŶĚĂƌĚĂLJƐ͛ŶŽƚŝĐĞƚŽƚŚĞŽŶƚƌĂĐƚŽƌŝŶǁƌŝƚŝŶŐ͘/ŶƚŚĞĞǀĞŶƚ ŽĨƐƵĐŚƚĞƌŵŝŶĂƚŝŽŶŽƌƐƵƐƉĞŶƐŝŽŶ͕ĂůůĨŝŶŝƐŚĞĚŽƌƵŶĨŝŶŝƐŚĞĚĚŽĐƵŵĞŶƚƐ͕ĚĂƚĂ͕ƐƚƵĚŝĞƐ͕ ǁŽƌŬƐŚĞĞƚƐ͕ ŵŽĚĞůƐ ĂŶĚ ƌĞƉŽƌƚƐ͕ Žƌ ŽƚŚĞƌ ŵĂƚĞƌŝĂů ƉƌĞƉĂƌĞĚ ďLJ ƚŚĞ ŽŶƚƌĂĐƚŽƌ ƉƵƌƐƵĂŶƚƚŽƚŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůďĞƐƵďŵŝƚƚĞĚƚŽƚŚĞŝƚLJ͕ŝĨĂŶLJĂƌĞƌĞƋƵŝƌĞĚĂƐƉĂƌƚ ŽĨƚŚĞtŽƌŬ͘ ͘ /ŶƚŚĞĞǀĞŶƚƚŚŝƐŐƌĞĞŵĞŶƚŝƐƚĞƌŵŝŶĂƚĞĚďLJƚŚĞŝƚLJ͕ƚŚĞŽŶƚƌĂĐƚŽƌƐŚĂůůďĞĞŶƚŝƚůĞĚ ƚŽƉĂLJŵĞŶƚĨŽƌĂůůŚŽƵƌƐǁŽƌŬĞĚƚŽƚŚĞĞĨĨĞĐƚŝǀĞĚĂƚĞŽĨƚĞƌŵŝŶĂƚŝŽŶ͕ůĞƐƐĂůůƉĂLJŵĞŶƚƐ ƉƌĞǀŝŽƵƐůLJŵĂĚĞ͘/ĨƚŚĞŐƌĞĞŵĞŶƚŝƐƚĞƌŵŝŶĂƚĞĚďLJƚŚĞŝƚLJĂĨƚĞƌƉĂƌƚŝĂůƉĞƌĨŽƌŵĂŶĐĞ ŽĨtŽƌŬĨŽƌǁŚŝĐŚƚŚĞĂŐƌĞĞĚĐŽŵƉĞŶƐĂƚŝŽŶŝƐĂĨŝdžĞĚĨĞĞ͕ƚŚĞŝƚLJƐŚĂůůƉĂLJƚŚĞ ! 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"         W'ϲ K&ϭϭ ͘ ŽŵŵĞƌĐŝĂůƵƚŽŵŽďŝůĞ>ŝĂďŝůŝƚLJĨŽƌŽǁŶĞĚ͕ůĞĂƐĞĚ͕ŚŝƌĞĚŽƌŶŽŶͲŽǁŶĞĚ͕ůĞĂƐĞĚ͕ ŚŝƌĞĚŽƌŶŽŶͲŽǁŶĞĚ͕ǁŝƚŚŵŝŶŝŵƵŵůŝŵŝƚƐŽĨΨϭ͕ϬϬϬ͕ϬϬϬƉĞƌŽĐĐƵƌƌĞŶĐĞĐŽŵďŝŶĞĚ ƐŝŶŐůĞůŝŵŝƚ͕ŝĨƚŚĞƌĞǁŝůůďĞĂŶLJƵƐĞŽĨŽŶƚƌĂĐƚŽƌ͛ƐǀĞŚŝĐůĞƐŽŶƚŚĞŝƚLJ͛ƐWƌĞŵŝƐĞƐ ďLJŽƌŽŶďĞŚĂůĨŽĨƚŚĞŝƚLJ͕ďĞLJŽŶĚŶŽƌŵĂůĐŽŵŵƵƚĞƐ͘ ͘ /ƚŝƐĂŐƌĞĞĚƚŚĂƚŽŶŽŶƚƌĂĐƚŽƌ͛ƐĐŽŵŵĞƌĐŝĂůŐĞŶĞƌĂůůŝĂďŝůŝƚLJƉŽůŝĐLJ͕ƚŚĞŝƚLJŽĨ ZĞŶƚŽŶǁŝůůďĞŶĂŵĞĚĂƐĂŶĚĚŝƚŝŽŶĂů/ŶƐƵƌĞĚŽŶĂŶŽŶͲĐŽŶƚƌŝďƵƚŽƌLJƉƌŝŵĂƌLJ ďĂƐŝƐ͘ŝƚLJ͛ƐŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐƐŚĂůůŶŽƚďĞĂƐŽƵƌĐĞĨŽƌƉĂLJŵĞŶƚŽĨĂŶLJŽŶƚƌĂĐƚŽƌ ůŝĂďŝůŝƚLJ͘ &͘ ^ƵďũĞĐƚƚŽŝƚLJ͛ƐƌĞǀŝĞǁĂŶĚĂĐĐĞƉƚĂŶĐĞ͕ĂĐĞƌƚŝĨŝĐĂƚĞŽĨŝŶƐƵƌĂŶĐĞƐŚŽǁŝŶŐƚŚĞ ƉƌŽƉĞƌĞŶĚŽƌƐĞŵĞŶƚƐ͕ƐŚĂůůďĞĚĞůŝǀĞƌĞĚƚŽŝƚLJďĞĨŽƌĞĞdžĞĐƵƚŝŶŐƚŚĞǁŽƌŬŽĨƚŚŝƐ ŐƌĞĞŵĞŶƚ͘ '͘ ŽŶƚƌĂĐƚŽƌƐŚĂůůƉƌŽǀŝĚĞŝƚLJǁŝƚŚǁƌŝƚƚĞŶŶŽƚŝĐĞŽĨĂŶLJƉŽůŝĐLJĐĂŶĐĞůůĂƚŝŽŶ͕ǁŝƚŚŝŶ ƚǁŽ;ϮͿďƵƐŝŶĞƐƐĚĂLJƐŽĨƚŚĞŝƌƌĞĐĞŝƉƚŽĨƐƵĐŚŶŽƚŝĐĞ͘ ,͘ĚĚŝƚŝŽŶĂů/ŶƐƵƌĂŶĐĞŝĨŵĂƌŬĞĚĂƐ͞ZĞƋƵŝƌĞĚ͟ďLJŝƚLJŽƌŵĂLJďĞĂĚĚĞĚĂƐŶĞĞĚĞĚ ĨŽƌĂƉĂƌƚŝĐƵůĂƌ>>KEͲ>>/EsK/tKZ<KZZ^͗ ϭ͘܆ ZĞƋƵŝƌĞĚ͘ƵŝůĚĞƌƐZŝƐŬ ŝŶƐƵƌĂŶĐĞĐŽǀĞƌŝŶŐŝŶƚĞƌĞƐƚƐŽĨƚŚĞŝƚLJ͕ƚŚĞ ŽŶƚƌĂĐƚŽƌ͕^ƵďĐŽŶƚƌĂĐƚŽƌƐ͕ĂŶĚ^ƵďͲĐŽŶƚƌĂĐƚŽƌƐŝŶƚŚĞǁŽƌŬ͘ƵŝůĚĞƌƐZŝƐŬ ŝŶƐƵƌĂŶĐĞƐŚĂůůďĞŽŶĂƐƉĞĐŝĂůƉĞƌŝůƐƉŽůŝĐLJĨŽƌŵĂŶĚƐŚĂůůŝŶƐƵƌĞĂŐĂŝŶƐƚƚŚĞ ƉĞƌŝůƐŽĨĨŝƌĞĂŶĚĞdžƚĞŶĚĞĚĐŽǀĞƌĂŐĞĂŶĚƉŚLJƐŝĐĂůůŽƐƐŽƌĚĂŵĂŐĞŝŶĐůƵĚŝŶŐ ĨůŽŽĚ͕ĞĂƌƚŚƋƵĂŬĞ͕ƚŚĞĨƚ͕ǀĂŶĚĂůŝƐŵ͕ŵĂůŝĐŝŽƵƐŵŝƐĐŚŝĞĨ͕ĂŶĚĐŽůůĂƉƐĞ͘dŚĞ ƵŝůĚĞƌƐ ZŝƐŬ ŝŶƐƵƌĂŶĐĞ ƐŚĂůů ŝŶĐůƵĚĞ ĐŽǀĞƌĂŐĞ ĨŽƌ ƚĞŵƉŽƌĂƌLJ ďƵŝůĚŝŶŐƐ͕ ĚĞďƌŝƐƌĞŵŽǀĂůĂŶĚĚĂŵĂŐĞƚŽŵĂƚĞƌŝĂůƐŝŶƚƌĂŶƐŝƚŽƌƐƚŽƌĞĚŽĨĨͲƐŝƚĞ͘dŚŝƐ ƵŝůĚĞƌƐZŝƐŬŝŶƐƵƌĂŶĐĞĐŽǀĞƌŝŶŐƚŚĞǁŽƌŬǁŝůůŚĂǀĞĂĚĞĚƵĐƚŝďůĞŽĨΨϱ͕ϬϬϬ ĨŽƌĞĂĐŚŽĐĐƵƌƌĞŶĐĞ͕ǁŚŝĐŚǁŝůůďĞƚŚĞƌĞƐƉŽŶƐŝďŝůŝƚLJŽĨƚŚĞŽŶƚƌĂĐƚŽƌ͘ ,ŝŐŚĞƌĚĞĚƵĐƚŝďůĞƐĨŽƌĨůŽŽĚĂŶĚĞĂƌƚŚƋƵĂŬĞƉĞƌŝůƐŵĂLJďĞĂĐĐĞƉƚĞĚďLJƚŚĞ ŝƚLJƵƉŽŶǁƌŝƚƚĞŶƌĞƋƵĞƐƚďLJƚŚĞŽŶƚƌĂĐƚŽƌĂŶĚǁƌŝƚƚĞŶĂĐĐĞƉƚĂŶĐĞďLJƚŚĞ ŝƚLJ͘ŶLJŝŶĐƌĞĂƐĞĚĚĞĚƵĐƚŝďůĞƐĂĐĐĞƉƚĞĚďLJƚŚĞŝƚLJǁŝůůƌĞŵĂŝŶ ƚŚĞ ƌĞƐƉŽŶƐŝďŝůŝƚLJ ŽĨ ƚŚĞ ŽŶƚƌĂĐƚŽƌ͘  dŚĞ ƵŝůĚĞƌƐ ZŝƐŬ ŝŶƐƵƌĂŶĐĞƐŚĂůů ďĞ ŵĂŝŶƚĂŝŶĞĚƵŶƚŝůĨŝŶĂůĂĐĐĞƉƚĂŶĐĞŽĨƚŚĞǁŽƌŬďLJƚŚĞŝƚLJ͘ Ϯ͘܆ ZĞƋƵŝƌĞĚ͘  ŽŶƚƌĂĐƚŽƌƐ WŽůůƵƚŝŽŶ >ŝĂďŝůŝƚLJ ŝŶƐƵƌĂŶĐĞ ĐŽǀĞƌŝŶŐ ůŽƐƐĞƐ ĐĂƵƐĞĚ ďLJ ƉŽůůƵƚŝŽŶ ĐŽŶĚŝƚŝŽŶƐ ƚŚĂƚ ĂƌŝƐĞ ĨƌŽŵ ƚŚĞ ŽƉĞƌĂƚŝŽŶƐ ŽĨ ƚŚĞ ŽŶƚƌĂĐƚŽƌ͘ŽŶƚƌĂĐƚŽƌƐWŽůůƵƚŝŽŶ>ŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞƐŚĂůůďĞǁƌŝƚƚĞŶŝŶĂŶ ĂŵŽƵŶƚŽĨĂƚůĞĂƐƚΨϭ͕ϬϬϬ͕ϬϬϬƉĞƌůŽƐƐ͕ǁŝƚŚĂŶĂŶŶƵĂůĂŐŐƌĞŐĂƚĞŽĨĂƚůĞĂƐƚ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ ŽŶƚƌĂĐƚŽƌƐ WŽůůƵƚŝŽŶ >ŝĂďŝůŝƚLJ ƐŚĂůů ĐŽǀĞƌ ďŽĚŝůLJŝŶũƵƌLJ͕ ƉƌŽƉĞƌƚLJĚĂŵĂŐĞ͕ĐůĞĂŶƵƉĐŽƐƚƐĂŶĚĚĞĨĞŶƐĞŝŶĐůƵĚŝŶŐĐŽƐƚƐĂŶĚĞdžƉĞŶƐĞƐ ŝŶĐƵƌƌĞĚŝŶƚŚĞŝŶǀĞƐƚŝŐĂƚŝŽŶ͕ĚĞĨĞŶƐĞ͕ŽƌƐĞƚƚůĞŵĞŶƚŽĨĐůĂŝŵƐ͘ ! "         W'ϳ K&ϭϭ /ĨƚŚĞŽŶƚƌĂĐƚŽƌƐWŽůůƵƚŝŽŶ>ŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞŝƐǁƌŝƚƚĞŶŽŶĂĐůĂŝŵƐͲŵĂĚĞ ďĂƐŝƐ͕ ƚŚĞ ŽŶƚƌĂĐƚŽƌ ǁĂƌƌĂŶƚƐ ƚŚĂƚ ĂŶLJ ƌĞƚƌŽĂĐƚŝǀĞ ĚĂƚĞ ĂƉƉůŝĐĂďůĞ ƚŽ ĐŽǀĞƌĂŐĞƵŶĚĞƌƚŚĞƉŽůŝĐLJƉƌĞĐĞĚĞƐƚŚĞĞĨĨĞĐƚŝǀĞĚĂƚĞŽĨƚŚŝƐĐŽŶƚƌĂĐƚ͖ĂŶĚ ƚŚĂƚĐŽŶƚŝŶƵŽƵƐĐŽǀĞƌĂŐĞǁŝůůďĞ ŵĂŝŶƚĂŝŶĞĚŽƌĂŶĞdžƚĞŶĚĞĚ ĚŝƐĐŽǀĞƌLJ ƉĞƌŝŽĚǁŝůůďĞĞdžĞƌĐŝƐĞĚĨŽƌĂƉĞƌŝŽĚŽĨƚŚƌĞĞ;ϯͿLJĞĂƌƐďĞŐŝŶŶŝŶŐĨƌŽŵƚŚĞ ƚŝŵĞƚŚĂƚǁŽƌŬƵŶĚĞƌƚŚĞĐŽŶƚƌĂĐƚŝƐĐŽŵƉůĞƚĞĚ͘ dŚĞŝƚLJƐŚĂůůďĞŶĂŵĞĚďLJĞŶĚŽƌƐĞŵĞŶƚĂƐĂŶĂĚĚŝƚŝŽŶĂůŝŶƐƵƌĞĚŽŶƚŚĞ ŽŶƚƌĂĐƚŽƌƐWŽůůƵƚŝŽŶ>ŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞƉŽůŝĐLJ͘ /ĨƚŚĞƐĐŽƉĞŽĨƐĞƌǀŝĐĞƐĂƐĚĞĨŝŶĞĚŝŶƚŚŝƐĐŽŶƚƌĂĐƚŝŶĐůƵĚĞƐƚŚĞĚŝƐƉŽƐĂůŽĨ ĂŶLJŚĂnjĂƌĚŽƵƐŵĂƚĞƌŝĂůƐĨƌŽŵƚŚĞũŽďƐŝƚĞ͕ƚŚĞŽŶƚƌĂĐƚŽƌŵƵƐƚĨƵƌŶŝƐŚƚŽ ƚŚĞŝƚLJĞǀŝĚĞŶĐĞŽĨWŽůůƵƚŝŽŶ>ŝĂďŝůŝƚLJŝŶƐƵƌĂŶĐĞŵĂŝŶƚĂŝŶĞĚďLJƚŚĞĚŝƐƉŽƐĂů ƐŝƚĞŽƉĞƌĂƚŽƌĨŽƌůŽƐƐĞƐĂƌŝƐŝŶŐĨƌŽŵƚŚĞŝŶƐƵƌĞĚĨĂĐŝůŝƚLJĂĐĐĞƉƚŝŶŐǁĂƐƚĞ ƵŶĚĞƌ ƚŚŝƐ ĐŽŶƚƌĂĐƚ͘ ŽǀĞƌĂŐĞ ĐĞƌƚŝĨŝĞĚ ƚŽ ƚŚĞ WƵďůŝĐ ŶƚŝƚLJ ƵŶĚĞƌ ƚŚŝƐ ƉĂƌĂŐƌĂƉŚŵƵƐƚďĞŵĂŝŶƚĂŝŶĞĚŝŶŵŝŶŝŵƵŵĂŵŽƵŶƚƐŽĨΨϭ͕ϬϬϬ͕ϬϬϬƉĞƌůŽƐƐ͕ ǁŝƚŚĂŶĂŶŶƵĂůĂŐŐƌĞŐĂƚĞŽĨĂƚůĞĂƐƚΨϭ͕ϬϬϬ͕ϬϬϬ͘ WŽůůƵƚŝŽŶ>ŝĂďŝůŝƚLJĐŽǀĞƌĂŐĞĂƚůĞĂƐƚĂƐďƌŽĂĚĂƐƚŚĂƚƉƌŽǀŝĚĞĚƵŶĚĞƌ/^K WŽůůƵƚŝŽŶ>ŝĂďŝůŝƚLJͲƌŽĂĚĞŶĞĚŽǀĞƌĂŐĞĨŽƌŽǀĞƌĞĚƵƚŽƐŶĚŽƌƐĞŵĞŶƚ ϵϵϰϴƐŚĂůůďĞƉƌŽǀŝĚĞĚĂŶĚƚŚĞDŽƚŽƌĂƌƌŝĞƌĐƚŶĚŽƌƐĞŵĞŶƚ;D^ϵϬͿ ƐŚĂůůďĞĂƚƚĂĐŚĞĚ͘ ϵ͘ ŝƐĐƌŝŵŝŶĂƚŝŽŶWƌŽŚŝďŝƚĞĚ͗džĐĞƉƚƚŽƚŚĞĞdžƚĞŶƚƉĞƌŵŝƚƚĞĚďLJĂďŽŶĂĨŝĚĞŽĐĐƵƉĂƚŝŽŶĂů ƋƵĂůŝĨŝĐĂƚŝŽŶ͕ƚŚĞŽŶƚƌĂĐƚŽƌĂŐƌĞĞƐĂƐĨŽůůŽǁƐ͗ ͘ ŽŶƚƌĂĐƚŽƌ͕ĂŶĚŽŶƚƌĂĐƚŽƌ͛ƐĂŐĞŶƚƐ͕ĞŵƉůŽLJĞĞƐ͕ƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐ͕ĂŶĚǀŽůƵŶƚĞĞƌƐ ǁŝƚŚƌĞŐĂƌĚƚŽƚŚĞtŽƌŬƉĞƌĨŽƌŵĞĚŽƌƚŽďĞƉĞƌĨŽƌŵĞĚƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚ͕ ƐŚĂůůŶŽƚĚŝƐĐƌŝŵŝŶĂƚĞŽŶƚŚĞďĂƐŝƐŽĨƌĂĐĞ͕ĐŽůŽƌ͕ƐĞdž͕ƌĞůŝŐŝŽŶ͕ŶĂƚŝŽŶĂůŝƚLJ͕ĐƌĞĞĚ͕ ŵĂƌŝƚĂůƐƚĂƚƵƐ͕ƐĞdžƵĂůŽƌŝĞŶƚĂƚŝŽŶŽƌƉƌĞĨĞƌĞŶĐĞ͕ĂŐĞ;ĞdžĐĞƉƚŵŝŶŝŵƵŵĂŐĞĂŶĚ ƌĞƚŝƌĞŵĞŶƚƉƌŽǀŝƐŝŽŶƐͿ͕ŚŽŶŽƌĂďůLJĚŝƐĐŚĂƌŐĞĚǀĞƚĞƌĂŶŽƌŵŝůŝƚĂƌLJƐƚĂƚƵƐ͕ŽƌƚŚĞ ƉƌĞƐĞŶĐĞŽĨĂŶLJƐĞŶƐŽƌLJ͕ŵĞŶƚĂůŽƌƉŚLJƐŝĐĂůŚĂŶĚŝĐĂƉ͕ƵŶůĞƐƐďĂƐĞĚƵƉŽŶĂďŽŶĂ ĨŝĚĞ ŽĐĐƵƉĂƚŝŽŶĂů ƋƵĂůŝĨŝĐĂƚŝŽŶ ŝŶ ƌĞůĂƚŝŽŶƐŚŝƉ ƚŽ ŚŝƌŝŶŐ ĂŶĚ ĞŵƉůŽLJŵĞŶƚ͕ ŝŶ ĞŵƉůŽLJŵĞŶƚŽƌĂƉƉůŝĐĂƚŝŽŶĨŽƌĞŵƉůŽLJŵĞŶƚ͕ƚŚĞĂĚŵŝŶŝƐƚƌĂƚŝŽŶŽĨƚŚĞĚĞůŝǀĞƌLJŽĨ tŽƌŬŽƌĂŶLJŽƚŚĞƌďĞŶĞĨŝƚƐƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚ͕ŽƌƉƌŽĐƵƌĞŵĞŶƚŽĨŵĂƚĞƌŝĂůƐŽƌ ƐƵƉƉůŝĞƐ͘ ͘ dŚĞŽŶƚƌĂĐƚŽƌǁŝůůƚĂŬĞĂĨĨŝƌŵĂƚŝǀĞĂĐƚŝŽŶƚŽŝŶƐƵƌĞƚŚĂƚĂƉƉůŝĐĂŶƚƐĂƌĞĞŵƉůŽLJĞĚ ĂŶĚƚŚĂƚĞŵƉůŽLJĞĞƐĂƌĞƚƌĞĂƚĞĚĚƵƌŝŶŐĞŵƉůŽLJŵĞŶƚǁŝƚŚŽƵƚƌĞŐĂƌĚƚŽƚŚĞŝƌƌĂĐĞ͕ ĐƌĞĞĚ͕ ĐŽůŽƌ͕ ŶĂƚŝŽŶĂů ŽƌŝŐŝŶ͕ƐĞdž͕ ĂŐĞ͕ ƐĞdžƵĂů ŽƌŝĞŶƚĂƚŝŽŶ͕ ƉŚLJƐŝĐĂů͕ ƐĞŶƐŽƌLJ Žƌ ŵĞŶƚĂůŚĂŶĚŝĐĂƉƐ͕ŽƌŵĂƌŝƚĂůƐƚĂƚƵƐ͘^ƵĐŚĂĐƚŝŽŶƐŚĂůůŝŶĐůƵĚĞ͕ďƵƚŶŽƚďĞůŝŵŝƚĞĚ ƚŽƚŚĞĨŽůůŽǁŝŶŐĞŵƉůŽLJŵĞŶƚ͕ƵƉŐƌĂĚŝŶŐ͕ĚĞŵŽƚŝŽŶŽƌƚƌĂŶƐĨĞƌ͕ƌĞĐƌƵŝƚŵĞŶƚŽƌ ! "         W'ϴ K&ϭϭ ƌĞĐƌƵŝƚŵĞŶƚĂĚǀĞƌƚŝƐŝŶŐ͕ůĂLJŽĨĨŽƌƚĞƌŵŝŶĂƚŝŽŶ͕ƌĂƚĞƐŽĨ ƉĂLJŽƌŽƚŚĞƌĨŽƌŵƐŽĨ ĐŽŵƉĞŶƐĂƚŝŽŶĂŶĚƐĞůĞĐƚŝŽŶĨŽƌƚƌĂŝŶŝŶŐ͘ ͘ /ĨŽŶƚƌĂĐƚŽƌĨĂŝůƐƚŽĐŽŵƉůLJǁŝƚŚĂŶLJŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͛ƐŶŽŶͲĚŝƐĐƌŝŵŝŶĂƚŝŽŶ ƉƌŽǀŝƐŝŽŶƐ͕ŝƚLJƐŚĂůůŚĂǀĞƚŚĞƌŝŐŚƚ͕ĂƚŝƚƐŽƉƚŝŽŶ͕ƚŽĐĂŶĐĞůƚŚĞŐƌĞĞŵĞŶƚŝŶǁŚŽůĞ ŽƌŝŶƉĂƌƚ͘ ͘ ŽŶƚƌĂĐƚŽƌŝƐƌĞƐƉŽŶƐŝďůĞƚŽďĞĂǁĂƌĞŽĨĂŶĚŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚĂůůĨĞĚĞƌĂů͕ƐƚĂƚĞ ĂŶĚůŽĐĂůůĂǁƐĂŶĚƌĞŐƵůĂƚŝŽŶƐƚŚĂƚŵĂLJĂĨĨĞĐƚƚŚĞƐĂƚŝƐĨĂĐƚŽƌLJĐŽŵƉůĞƚŝŽŶŽĨƚŚĞ ƉƌŽũĞĐƚ͕ ǁŚŝĐŚ ŝŶĐůƵĚĞƐ ďƵƚ ŝƐ ŶŽƚ ůŝŵŝƚĞĚ ƚŽ ĨĂŝƌ ůĂďŽƌ ůĂǁƐ ĂŶĚ ǁŽƌŬĞƌΖƐ ĐŽŵƉĞŶƐĂƚŝŽŶ͘ ϭϬ͘ /ŶĚĞƉĞŶĚĞŶƚŽŶƚƌĂĐƚŽƌ͗ ŽŶƚƌĂĐƚŽƌ͛ƐĞŵƉůŽLJĞĞƐ͕ǁŚŝůĞĞŶŐĂŐĞĚŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨ ĂŶLJŽĨŽŶƚƌĂĐƚŽƌ͛ƐtŽƌŬƵŶĚĞƌ ƚŚŝƐŐƌĞĞŵĞŶƚ͕ƐŚĂůůďĞĐŽŶƐŝĚĞƌĞĚĞŵƉůŽLJĞĞƐŽĨƚŚĞ ŽŶƚƌĂĐƚŽƌĂŶĚŶŽƚĞŵƉůŽLJĞĞƐ͕ĂŐĞŶƚƐ͕ƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐŽĨŝƚLJĂŶĚĂƐĂƌĞƐƵůƚ͕ƐŚĂůůŶŽƚďĞ ĞŶƚŝƚůĞĚƚŽĂŶLJĐŽǀĞƌĂŐĞŽƌďĞŶĞĨŝƚƐĨƌŽŵƚŚĞŝƚLJŽĨZĞŶƚŽŶ͘ŽŶƚƌĂĐƚŽƌ͛ƐƌĞůĂƚŝŽŶƚŽŝƚLJ ƐŚĂůůďĞĂƚĂůůƚŝŵĞƐĂƐĂŶŝŶĚĞƉĞŶĚĞŶƚĐŽŶƚƌĂĐƚŽƌ͘ŶLJĂŶĚĂůůtŽƌŬŵĂŶ͛ƐŽŵƉĞŶƐĂƚŝŽŶ ĐƚĐůĂŝŵƐŽŶďĞŚĂůĨŽĨŽŶƚƌĂĐƚŽƌĞŵƉůŽLJĞĞƐ͕ĂŶĚĂŶLJĂŶĚĂůůĐůĂŝŵƐŵĂĚĞďLJĂƚŚŝƌĚͲƉĂƌƚLJ ĂƐĂĐŽŶƐĞƋƵĞŶĐĞŽĨĂŶLJŶĞŐůŝŐĞŶƚĂĐƚŽƌŽŵŝƐƐŝŽŶŽŶƚŚĞƉĂƌƚŽĨŽŶƚƌĂĐƚŽƌ͛ƐĞŵƉůŽLJĞĞƐ͕ ǁŚŝůĞĞŶŐĂŐĞĚŝŶtŽƌŬƉƌŽǀŝĚĞĚ ƚŽďĞƌĞŶĚĞƌĞĚƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚ͕ƐŚĂůůďĞƚŚĞƐŽůĞůLJ ŽŶƚƌĂĐƚŽƌ͛ƐŽďůŝŐĂƚŝŽŶĂŶĚƌĞƐƉŽŶƐŝďŝůŝƚLJ͘ ϭϭ͘ ŝƚLJŽĨZĞŶƚŽŶƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ͗dŚĞŽŶƚƌĂĐƚŽƌƐŚĂůůŽďƚĂŝŶĂŝƚLJŽĨZĞŶƚŽŶƵƐŝŶĞƐƐ >ŝĐĞŶƐĞƉƌŝŽƌƚŽƉĞƌĨŽƌŵŝŶŐĂŶLJtŽƌŬĂŶĚŵĂŝŶƚĂŝŶƚŚĞďƵƐŝŶĞƐƐůŝĐĞŶƐĞŝŶŐŽŽĚƐƚĂŶĚŝŶŐ ƚŚƌŽƵŐŚŽƵƚƚŚĞƚĞƌŵŽĨƚŚŝƐĂŐƌĞĞŵĞŶƚǁŝƚŚƚŚĞŝƚLJ͘ /ŶĨŽƌŵĂƚŝŽŶƌĞŐĂƌĚŝŶŐĂĐƋƵŝƌŝŶŐĂĐŝƚLJďƵƐŝŶĞƐƐůŝĐĞŶƐĞĐĂŶďĞĨŽƵŶĚĂƚ͗ ŚƚƚƉƐ͗ͬͬǁǁǁ͘ƌĞŶƚŽŶǁĂ͘ŐŽǀͬdĂdž /ŶĨŽƌŵĂƚŝŽŶƌĞŐĂƌĚŝŶŐ^ƚĂƚĞďƵƐŝŶĞƐƐůŝĐĞŶƐŝŶŐƌĞƋƵŝƌĞŵĞŶƚƐĐĂŶďĞĨŽƵŶĚĂƚ͗ ŚƚƚƉ͗ͬͬĚŽƌ͘ǁĂ͘ŐŽǀͬĚŽŝŶŐͲďƵƐŝŶĞƐƐͬƌĞŐŝƐƚĞƌͲŵLJͲďƵƐŝŶĞƐƐ ϭϮ͘ ZĞĐŽƌĚ<ĞĞƉŝŶŐĂŶĚZĞƉŽƌƚŝŶŐ͗ŽŶƚƌĂĐƚŽƌƐŚĂůůŵĂŝŶƚĂŝŶĂĐĐŽƵŶƚƐĂŶĚƌĞĐŽƌĚƐ͕ǁŚŝĐŚ ƉƌŽƉĞƌůLJ ƌĞĨůĞĐƚ Ăůů ĚŝƌĞĐƚ ĂŶĚ ŝŶĚŝƌĞĐƚ ĐŽƐƚƐ ĞdžƉĞŶĚĞĚ ĂŶĚ tŽƌŬ ƉƌŽǀŝĚĞĚ ŝŶ ƚŚĞ ƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ dŚĞŽŶƚƌĂĐƚŽƌĂŐƌĞĞƐƚŽƉƌŽǀŝĚĞĂĐĐĞƐƐƚŽĂŶĚĐŽƉŝĞƐŽĨ ĂŶLJƌĞĐŽƌĚƐƌĞůĂƚĞĚƚŽƚŚŝƐŐƌĞĞŵĞŶƚĂƐƌĞƋƵŝƌĞĚďLJƚŚĞŝƚLJƚŽĂƵĚŝƚĞdžƉĞŶĚŝƚƵƌĞƐĂŶĚ ĐŚĂƌŐĞƐĂŶĚͬŽƌƚŽĐŽŵƉůLJǁŝƚŚƚŚĞtĂƐŚŝŶŐƚŽŶ^ƚĂƚĞWƵďůŝĐZĞĐŽƌĚƐĐƚ;ŚĂƉƚĞƌϰϮ͘ϱϲ ZtͿ͘ ϭϯ͘ WƵďůŝĐZĞĐŽƌĚƐŽŵƉůŝĂŶĐĞ͘dŽƚŚĞĨƵůůĞdžƚĞŶƚƚŚĞŝƚLJĚĞƚĞƌŵŝŶĞƐŶĞĐĞƐƐĂƌLJƚŽĐŽŵƉůLJ ǁŝƚŚƚŚĞtĂƐŚŝŶŐƚŽŶ^ƚĂƚĞWƵďůŝĐZĞĐŽƌĚƐĐƚ͕ŽŶƚƌĂĐƚŽƌƐŚĂůůŵĂŬĞĂĚƵĞĚŝůŝŐĞŶƚƐĞĂƌĐŚ ŽĨĂůůƌĞĐŽƌĚƐŝŶŝƚƐƉŽƐƐĞƐƐŝŽŶ͕ŝŶĐůƵĚŝŶŐ͕ďƵƚŶŽƚůŝŵŝƚĞĚƚŽ͕ĞͲŵĂŝů͕ĐŽƌƌĞƐƉŽŶĚĞŶĐĞ͕ŶŽƚĞƐ͕ ! "         W'ϵ K&ϭϭ ƐĂǀĞĚƚĞůĞƉŚŽŶĞŵĞƐƐĂŐĞƐ͕ƌĞĐŽƌĚŝŶŐƐ͕ƉŚŽƚŽƐ͕ŽƌĚƌĂǁŝŶŐƐĂŶĚƉƌŽǀŝĚĞƚŚĞŵƚŽƚŚĞŝƚLJ ĨŽƌƉƌŽĚƵĐƚŝŽŶ͘/ŶƚŚĞĞǀĞŶƚŽŶƚƌĂĐƚŽƌďĞůŝĞǀĞƐƐĂŝĚƌĞĐŽƌĚƐŶĞĞĚƚŽďĞƉƌŽƚĞĐƚĞĚĨƌŽŵ ĚŝƐĐůŽƐƵƌĞ͕ŝƚƐŚĂůů͕ĂƚŽŶƚƌĂĐƚŽƌ͛ƐŽǁŶĞdžƉĞŶƐĞ͕ƐĞĞŬũƵĚŝĐŝĂůƉƌŽƚĞĐƚŝŽŶ͘ŽŶƚƌĂĐƚŽƌƐŚĂůů ŝŶĚĞŵŶŝĨLJ͕ĚĞĨĞŶĚ͕ĂŶĚŚŽůĚŚĂƌŵůĞƐƐƚŚĞŝƚLJĨŽƌĂůůĐŽƐƚƐ͕ŝŶĐůƵĚŝŶŐĂƚƚŽƌŶĞLJƐ͛ĨĞĞƐ͕ ĂƚƚĞŶĚĂŶƚƚŽĂŶLJĐůĂŝŵŽƌůŝƚŝŐĂƚŝŽŶƌĞůĂƚĞĚƚŽĂWƵďůŝĐZĞĐŽƌĚƐĐƚƌĞƋƵĞƐƚĨŽƌǁŚŝĐŚ ŽŶƚƌĂĐƚŽƌŚĂƐ ƌĞƐƉŽŶƐŝǀĞ ƌĞĐŽƌĚƐĂŶĚĨŽƌǁŚŝĐŚŽŶƚƌĂĐƚŽƌŚĂƐǁŝƚŚŚĞůĚƌĞĐŽƌĚƐŽƌ ŝŶĨŽƌŵĂƚŝŽŶĐŽŶƚĂŝŶĞĚƚŚĞƌĞŝŶ͕ŽƌŶŽƚƉƌŽǀŝĚĞĚƚŚĞŵƚŽƚŚĞŝƚLJŝŶĂƚŝŵĞůLJŵĂŶŶĞƌ͘ ŽŶƚƌĂĐƚŽƌƐŚĂůůƉƌŽĚƵĐĞĨŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶLJĂŶĚĂůůƌĞĐŽƌĚƐƌĞƐƉŽŶƐŝǀĞƚŽƚŚĞWƵďůŝĐ ZĞĐŽƌĚƐĐƚƌĞƋƵĞƐƚŝŶĂƚŝŵĞůLJŵĂŶŶĞƌ͕ƵŶůĞƐƐƚŚŽƐĞƌĞĐŽƌĚƐĂƌĞƉƌŽƚĞĐƚĞĚďLJĐŽƵƌƚŽƌĚĞƌ͘ ϭϰ͘ KƚŚĞƌWƌŽǀŝƐŝŽŶƐ͗ ͘ĚŵŝŶŝƐƚƌĂƚŝŽŶĂŶĚEŽƚŝĐĞƐ͘ĂĐŚŝŶĚŝǀŝĚƵĂůĞdžĞĐƵƚŝŶŐƚŚŝƐŐƌĞĞŵĞŶƚŽŶďĞŚĂůĨ ŽĨŝƚLJĂŶĚŽŶƚƌĂĐƚŽƌƌĞƉƌĞƐĞŶƚƐĂŶĚǁĂƌƌĂŶƚƐƚŚĂƚƐƵĐŚŝŶĚŝǀŝĚƵĂůƐĂƌĞĚƵůLJ ĂƵƚŚŽƌŝnjĞĚƚŽĞdžĞĐƵƚĞĂŶĚĚĞůŝǀĞƌƚŚŝƐŐƌĞĞŵĞŶƚŽŶďĞŚĂůĨŽĨŝƚLJŽƌŽŶƚƌĂĐƚŽƌ͘ EŽƚŝĐĞ͗džĐĞƉƚĨŽƌ^ĞƌǀŝĐĞŽĨWƌŽĐĞƐƐŝŶĂůĞŐĂůƉƌŽĐĞĞĚŝŶŐ͕ĂŶLJŶŽƚŝĐĞƐƌĞƋƵŝƌĞĚƚŽ ďĞŐŝǀĞŶďLJƚŚĞWĂƌƚŝĞƐƐŚĂůůďĞĚĞůŝǀĞƌĞĚĂƚƚŚĞĂĚĚƌĞƐƐĞƐƐĞƚĨŽƌƚŚďĞůŽǁ͘ŶLJ ŶŽƚŝĐĞƐŵĂLJďĞĚĞůŝǀĞƌĞĚƉĞƌƐŽŶĂůůLJƚŽƚŚĞĂĚĚƌĞƐƐĞĞŽĨƚŚĞŶŽƚŝĐĞŽƌŵĂLJďĞ ĚĞƉŽƐŝƚĞĚŝŶƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐŵĂŝů͕ƉŽƐƚĂŐĞƉƌĞƉĂŝĚ͕ƚŽƚŚĞĂĚĚƌĞƐƐƐĞƚĨŽƌƚŚ ďĞůŽǁ͘ŶLJŶŽƚŝĐĞƐŽƉŽƐƚĞĚŝŶƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐŵĂŝůƐŚĂůůďĞĚĞĞŵĞĚƌĞĐĞŝǀĞĚ ƚŚƌĞĞ;ϯͿĐĂůĞŶĚĂƌĚĂLJƐĂĨƚĞƌƚŚĞĚĂƚĞŽĨŵĂŝůŝŶŐ͘ŵĂŝůŶŽƚŝĐĞǁŝůůďĞĚĞĞŵĞĚ ƌĞĐĞŝǀĞĚƚŚĞĚĂƚĞŽĨƚŚĞĞŵĂŝůƐŽůŽŶŐĂƐƐĞŶƚďĞĨŽƌĞϭϮ͗ϬϬŶŽŽ ŶŽŶĂďƵƐŝŶĞƐƐĚĂLJ͕ ŝĨĂĨƚĞƌϭϮ͗ϬϬEŽŽŶŝƚǁŝůůďĞĚĞĞŵĞĚƌĞĐĞŝǀĞĚƚŚĞŶĞdžƚďƵƐŝŶĞƐƐĚĂLJʹ ĂĐŽƉLJŽĨ ĞŵĂŝů ŶŽƚŝĐĞ ŵƵƐƚ ďĞ ŵĂŝůĞĚ ĂƐ ƐĞƚ ĨŽƌƚŚ ĂďŽǀĞ͘ dŚŝƐ ŐƌĞĞŵĞŶƚƐŚĂůů ďĞ ĂĚŵŝŶŝƐƚĞƌĞĚďLJĂŶĚĂŶLJŶŽƚŝĐĞƐƐŚŽƵůĚďĞƐĞŶƚƚŽƚŚĞƵŶĚĞƌƐŝŐŶĞĚŝŶĚŝǀŝĚƵĂůƐŽƌ ƚŚĞŝƌĚĞƐŝŐŶĞĞƐ͘ /dzK&ZEdKE :ĂŵĞƐ>ĞĂƚŚůĞLJ ϭϬϱϱ^ŽƵƚŚ'ƌĂĚLJtĂLJ ZĞŶƚŽŶ͕tϵϴϬϱϳ WŚŽŶĞ͗ϰϮϱͲϴϲϰͲϬϴϮϴ ũůĞĂƚŚůĞLJΛƌĞŶƚŽŶǁĂ͘ŐŽǀ KEdZdKZ dŚĂůŝĂDŽƌĂŶƌĂĐĂŵŽŶƚĞƐ ϴϭϬϰWŽƌƚůĂŶĚǀĞ dĂĐŽŵĂ͕tϵϴϰϬϰ WŚŽŶĞ͗ϮϬϲͲϴϵϵͲϳϳϬϰ ĨƌŶĚƌLJǁĂůůĐŽƌƉΛŽƵƚůŽŽŬ͘ĐŽŵ͕ ͘ŵĞŶĚŵĞŶƚĂŶĚDŽĚŝĨŝĐĂƚŝŽŶ͘dŚŝƐŐƌĞĞŵĞŶƚŵĂLJďĞĂŵĞŶĚĞĚŽŶůLJďLJĂŶ ŝŶƐƚƌƵŵĞŶƚŝŶǁƌŝƚŝŶŐ͕ĚƵůLJĞdžĞĐƵƚĞĚďLJďŽƚŚWĂƌƚŝĞƐ͘ ! "         W'ϭϬ K&ϭϭ ͘ƐƐŝŐŶŵĞŶƚĂŶĚ^ƵďĐŽŶƚƌĂĐƚ͘ŽŶƚƌĂĐƚŽƌƐŚĂůůŶŽƚĂƐƐŝŐŶŽƌƐƵďĐŽŶƚƌĂĐƚĂŶLJ ƉŽƌƚŝŽŶ ŽĨ ƚŚŝƐ ŐƌĞĞŵĞŶƚ ǁŝƚŚŽƵƚ ƚŚĞ ŝƚLJ ŽĨ ZĞŶƚŽŶ͛Ɛ ƉƌŝŽƌ ĞdžƉƌĞƐƐ ǁƌŝƚƚĞŶ ĐŽŶƐĞŶƚ͘ ͘ŽŵƉůŝĂŶĐĞǁŝƚŚ>ĂǁƐ͘ŽŶƚƌĂĐƚŽƌĂŶĚĂůůŽĨƚŚĞŽŶƚƌĂĐƚŽƌ͛ƐĞŵƉůŽLJĞĞƐƐŚĂůů ƉĞƌĨŽƌŵƚŚĞtŽƌŬŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚĂůůĂƉƉůŝĐĂďůĞĨĞĚĞƌĂů͕ƐƚĂƚĞ͕ĐŽƵŶƚLJĂŶĚĐŝƚLJ ůĂǁƐ͕ĐŽĚĞƐĂŶĚŽƌĚŝŶĂŶĐĞƐ͘ĐŽƉLJŽĨƚŚŝƐůĂŶŐƵĂŐĞŵƵƐƚďĞŵĂĚĞĂƉĂƌƚŽĨĂŶLJ ĐŽŶƚƌĂĐƚŽƌŽƌƐƵďĐŽŶƚƌĂĐƚŽƌĂŐƌĞĞŵĞŶƚ͘ ͘ŽŶĨůŝĐƚƐ͘/ŶƚŚĞĞǀĞŶƚŽĨĂŶLJŝŶĐŽŶƐŝƐƚĞŶĐŝĞƐďĞƚǁĞĞŶĐŽŶƚƌĂĐƚŽƌƉƌŽƉŽƐĂůƐĂŶĚ ƚŚŝƐĐŽŶƚƌĂĐƚ͕ƚŚĞƚĞƌŵƐŽĨƚŚŝƐĐŽŶƚƌĂĐƚƐŚĂůůƉƌĞǀĂŝů͘ &͘'ŽǀĞƌŶŝŶŐ>Ăǁ͘dŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůďĞŵĂĚĞŝŶĂŶĚƐŚĂůůďĞŐŽǀĞƌŶĞĚďLJĂŶĚ ŝŶƚĞƌƉƌĞƚĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞůĂǁƐŽĨƚŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶ͘ '͘:ŽŝŶƚƌĂĨƚŝŶŐĨĨŽƌƚ͘dŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůďĞĐŽŶƐŝĚĞƌĞĚĨŽƌĂůůƉƵƌƉŽƐĞƐĂƐ ƉƌĞƉĂƌĞĚďLJƚŚĞũŽŝŶƚĞĨĨŽƌƚƐŽĨƚŚĞWĂƌƚŝĞƐĂŶĚƐŚĂůůŶŽƚďĞĐŽŶƐƚƌƵĞĚĂŐĂŝŶƐƚŽŶĞ ƉĂƌƚLJŽƌƚŚĞŽƚŚĞƌĂƐĂƌĞƐƵůƚŽĨƚŚĞƉƌĞƉĂƌĂƚŝŽŶ͕ƐƵďƐƚŝƚƵƚŝŽŶ͕ƐƵďŵŝƐƐŝŽŶŽƌŽƚŚĞƌ ĞǀĞŶƚŽĨŶĞŐŽƚŝĂƚŝŽŶ͕ĚƌĂĨƚŝŶŐŽƌĞdžĞĐƵƚŝŽŶ͘ ,͘:ƵƌŝƐĚŝĐƚŝŽŶĂŶĚsĞŶƵĞ͘ŶLJůĂǁƐƵŝƚŽƌůĞŐĂůĂĐƚŝŽŶďƌŽƵŐŚƚďLJĂŶLJƉĂƌƚLJƚŽĞŶĨŽƌĐĞ ŽƌŝŶƚĞƌƉƌĞƚƚŚŝƐŐƌĞĞŵĞŶƚŽƌĂŶLJŽĨŝƚƐƚĞƌŵƐŽƌĐŽǀĞŶĂŶƚƐƐŚĂůůďĞďƌŽƵŐŚƚŝŶƚŚĞ <ŝŶŐŽƵŶƚLJ^ƵƉĞƌŝŽƌŽƵƌƚĨŽƌƚŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶĂƚƚŚĞDĂůĞŶŐZĞŐŝŽŶĂů :ƵƐƚŝĐĞĞŶƚĞƌŝŶ<ĞŶƚ͕<ŝŶŐŽƵŶƚLJ͕tĂƐŚŝŶŐƚŽŶ͕ŽƌŝƚƐƌĞƉůĂĐĞŵĞŶƚŽƌƐƵĐĐĞƐƐŽƌ͘ ŽŶƚƌĂĐƚŽƌŚĞƌĞďLJĞdžƉƌĞƐƐůLJĐŽŶƐĞŶƚƐƚŽƚŚĞƉĞƌƐŽŶĂůĂŶĚĞdžĐůƵƐŝǀĞũƵƌŝƐĚŝĐƚŝŽŶ ĂŶĚǀĞŶƵĞŽĨƐƵĐŚĐŽƵƌƚĞǀĞŶŝĨŽŶƚƌĂĐƚŽƌŝƐĂĨŽƌĞŝŐŶĐŽƌƉŽƌĂƚŝŽŶŶŽƚƌĞŐŝƐƚĞƌĞĚ ǁŝƚŚƚŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶ͘ /͘^ĞǀĞƌĂďŝůŝƚLJ͘ĐŽƵƌƚŽĨĐŽŵƉĞƚĞŶƚũƵƌŝƐĚŝĐƚŝŽŶ͛ƐĚĞƚĞƌŵŝŶĂƚŝŽŶƚŚĂƚĂŶLJƉƌŽǀŝƐŝŽŶ ŽƌƉĂƌƚŽĨƚŚŝƐŐƌĞĞŵĞŶƚŝƐŝůůĞŐĂůŽƌƵŶĞŶĨŽƌĐĞĂďůĞƐŚĂůůŶŽƚĐĂŶĐĞůŽƌŝŶǀĂůŝĚĂƚĞ ƚŚĞƌĞŵĂŝŶĚĞƌŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͕ǁŚŝĐŚƐŚĂůůƌĞŵĂŝŶŝŶĨƵůůĨŽƌĐĞĂŶĚĞĨĨĞĐƚ͘ :͘^ŽůĞĂŶĚŶƚŝƌĞŐƌĞĞŵĞŶƚ͘dŚŝƐŐƌĞĞŵĞŶƚĐŽŶƚĂŝŶƐƚŚĞĞŶƚŝƌĞĂŐƌĞĞŵĞŶƚŽĨƚŚĞ WĂƌƚŝĞƐĂŶĚĂŶLJƌĞƉƌĞƐĞŶƚĂƚŝŽŶƐŽƌƵŶĚĞƌƐƚĂŶĚŝŶŐƐ͕ǁŚĞƚŚĞƌŽƌĂůŽƌǁƌŝƚƚĞŶ͕ŶŽƚ ŝŶĐŽƌƉŽƌĂƚĞĚĂƌĞĞdžĐůƵĚĞĚ͘ <͘dŚŝƌĚͲWĂƌƚLJĞŶĞĨŝĐŝĂƌŝĞƐ͘EŽƚŚŝŶŐŝŶƚŚŝƐŐƌĞĞŵĞŶƚŝƐŝŶƚĞŶĚĞĚƚŽ͕ŶŽƌƐŚĂůůďĞ ĐŽŶƐƚƌƵĞĚƚŽŐŝǀĞĂŶLJƌŝŐŚƚƐŽƌďĞŶĞĨŝƚƐŝŶƚŚĞŐƌĞĞŵĞŶƚƚŽĂŶLJŽŶĞŽƚŚĞƌƚŚĂŶƚŚĞ WĂƌƚŝĞƐ͕ĂŶĚĂůůĚƵƚŝĞƐĂŶĚƌĞƐƉŽŶƐŝďŝůŝƚŝĞƐƵŶĚĞƌƚĂŬĞŶƉƵƌƐƵĂŶƚƚŽƚŚŝƐŐƌĞĞŵĞŶƚ ǁŝůůďĞĨŽƌƚŚĞƐŽůĞĂŶĚĞdžĐůƵƐŝǀĞďĞŶĞĨŝƚŽĨƚŚĞWĂƌƚŝĞƐĂŶĚŶŽŽŶĞĞůƐĞ͘ ! "         W'ϭϭ K&ϭϭ >͘tĂŝǀĞƌƐ͘ůůǁĂŝǀĞƌƐƐŚĂůůďĞŝŶǁƌŝƚŝŶŐĂŶĚƐŝŐŶĞĚďLJƚŚĞǁĂŝǀŝŶŐƉĂƌƚLJ͘ŝƚŚĞƌ ƉĂƌƚLJ͛ƐĨĂŝůƵƌĞƚŽĞŶĨŽƌĐĞĂŶLJƉƌŽǀŝƐŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚƐŚĂů ůŶŽƚďĞĂǁĂŝǀĞƌĂŶĚ ƐŚĂůůŶŽƚƉƌĞǀĞŶƚĞŝƚŚĞƌŝƚLJŽƌŽŶƚƌĂĐƚŽƌĨƌŽŵĞŶĨŽƌĐŝŶŐƚŚĂƚƉƌŽǀŝƐŝŽŶŽƌĂŶLJ ŽƚŚĞƌƉƌŽǀŝƐŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚŝŶƚŚĞĨƵƚƵƌĞ͘tĂŝǀĞƌŽĨďƌĞĂĐŚŽĨĂŶLJƉƌŽǀŝƐŝŽŶ ŽĨƚŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůŶŽƚďĞĚĞĞŵĞĚƚŽďĞĂǁĂŝǀĞƌŽĨĂŶLJƉƌŝŽƌŽƌƐƵďƐĞƋƵĞŶƚ ďƌĞĂĐŚƵŶůĞƐƐŝƚŝƐĞdžƉƌĞƐƐůLJǁĂŝǀĞĚŝŶǁƌŝƚŝŶŐ͘ /Et/dE^^t,ZK&͕ƚŚĞWĂƌƚŝĞƐŚĂǀĞǀŽůƵŶƚĂƌŝůLJĞŶƚĞƌĞĚŝŶƚŽƚŚŝƐŐƌĞĞŵĞŶƚĂƐŽĨ ĨĨĞĐƚŝǀĞĂƚĞ͘ /dzK&ZEdKE ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ DĂƌƚŝŶWĂƐƚƵĐŚĂ WƵďůŝĐtŽƌŬƐĚŵŝŶŝƐƚƌĂƚŽƌ ϭϬϱϱ^ŽƵƚŚ'ƌĂĚLJtĂLJ ZĞŶƚŽŶ͕tĂƐŚŝŶŐƚŽŶϵϴϬϱϳ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ ĂƚĞ KEdZdKZ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ dŚĂůŝĂDŽƌĂŶƌĂĐĂŵŽŶƚĞƐ KǁŶĞƌ&ZEƌLJǁĂůůŽƌƉ͘ ϴϭϬϰWŽƌƚůĂŶĚǀĞ dĂĐŽŵĂ͕tĂƐŚŝŶŐƚŽŶϵϴϰϬϰ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ ĂƚĞ ƉƉƌŽǀĞĚĂƐƚŽ>ĞŐĂů&Žƌŵ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ ^ŚĂŶĞDŽůŽŶĞLJ ZĞŶƚŽŶŝƚLJƚƚŽƌŶĞLJ EŽŶͲƐƚĂŶĚĂƌĚ DĂƐƚĞƌ^ŵĂůůWtKŶͲĂůů>ϴͲϭͲϮϰƚĞŵƉůĂƚĞ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ dŚĂůŝĂ DŽƌĂŶ ƌĂĐĂŵŽŶƚĞƐ 05/27/2025 ! "          #  Approved by Cheryl Beyer via email 6/20/2025 Exhibit A SCOPE OF WORK City of Renton ON-CALL Pressure Washing Project Manager: James Leathley, Public Works – &ĂĐŝůŝƟĞƐƵƐƚŽĚŝĂůDĂŝŶƚĞŶĂŶĐĞ^ƵƉĞƌǀŝƐŽƌ /ŶƚƌŽĚƵĐƟŽŶ The City of Renton requests Services to perform Pressure Washing Services at City of Renton owned ƉƌŽƉĞƌƟĞƐon an “as needed” basis with up to three Pressure Washing Services companies. A $49,500 “not-to-exceed” amount does not guarantee work to any contractor and the amount paid will be ďĂƐĞĚƵƉŽŶƟŵĞĂŶĚŵĂƚĞƌŝĂůƐŽĨĂĐƚƵĂůǁŽƌŬƉĞƌĨŽƌŵĞĚ͘ǁƌŝƩĞŶƋƵŽƚĞǁŝůůďĞƌĞƋƵŝƌĞĚĨŽƌĞĂĐŚ call-out under the agreement. dŚĞŝƚLJƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽĂǁĂƌĚŵƵůƟƉůĞĐŽŶƚƌĂĐƚƐƚŽŵƵůƟƉůĞĐŽŶƚƌĂĐƚŽƌƐĨŽƌƚŚŝƐǁŽƌŬŝĨŝƚŝƐŝŶ the best interest of the City. The City reserves the right to choose any of the companies awarded this contract for each call-out. dŚĞŽǀĞƌƟŵĞƌĂƚĞƐƐĞƚĨŽƌƚŚŝŶƚŚĞĐŽŶƚƌĂĐƚǁŝůůďĞƌĞŝŵďƵƌƐĂďůĞŽŶůLJƚŽƚŚĞĞdžƚĞŶƚƚŚĞŽǀĞƌƟŵĞŚĂƐ ďĞĞŶĂƉƉƌŽǀĞĚďLJƚŚĞŝƚLJ͘ĚĚŝƟŽŶĂůƌĞƋƵŝƌĞŵĞŶƚƐŽĨƚŚĞǁŽƌŬĂƌĞŝŶĐůƵĚĞĚďĞůŽǁ͘/ƚŝƐLJŽƵƌ ƌĞƐƉŽŶƐŝďŝůŝƚLJƚŽƌĞĂĚƚŚĞƐĞƌĞƋƵŝƌĞŵĞŶƚƐƚŚŽƌŽƵŐŚůLJĂŶĚƚŽďĞĐŽŵĞĨĂŵŝůŝĂƌǁŝƚŚĞĂĐŚƐŝƚĞůŽĐĂƟŽŶ ǁŽƌŬŝƐĂƐƐŝŐŶĞĚŝŶƌĞůĂƟŽŶƚŽƚŚĞĂŵŽƵŶƚĂŶĚƚLJƉĞŽĨǁŽƌŬŝŶvolved to complete. Minimum Requirements of Contractor • Renton Business License, registered contractor with the State of Washington, current ^ƚĂƚĞhŶŝĮĞĚƵƐŝŶĞƐƐ/ĚĞŶƟĮĞƌEƵŵďĞƌ • WƌŽŽĨŽĨ/ŶƐƵƌĂŶĐĞ- Minimum amounts to be approved in advance by City Risk Management. /ŶĐůƵĚĞƐ'ĞŶĞƌĂů>ŝĂďŝůŝƚLJ͕ƵƚŽŵŽďŝůĞ>ŝĂďŝůŝƚLJ͕tŽƌŬĞƌƐŽŵƉĞŶƐĂƟŽŶĂŶĚŵƉůŽLJĞƌƐ͛ >ŝĂďŝůŝƚLJ͘^ĞĞƚŚĞĂƩĂĐŚĞĚĐŽŶƚƌĂĐƚĨŽƌƐƉĞĐŝĮĐƌĞƋƵŝƌĞŵĞŶƚƐ͘ • /ŶĐůƵĚĞǁŝƚŚƚŚĞ&ŝƌƐƚ/ŶǀŽŝĐĞƚŚĞŽŵƉĂŶLJ͛ƐIntent to Pay Prevailing Wage Rates and submit the ĸĚavit to Pay Prevailing Wage Rates ĂƚƚŚĞĐŽŵƉůĞƟŽŶŽĨƚŚĞůĂƐƚ/ŶǀŽŝĐĞŽĨ P'13 K&19 ƚŚĞzĞĂƌ͗ƚŚĞĸĚĂǀŝƚŵƵƐƚƚŽƚĂůƚŚĞĂŵŽƵŶƚŽĨĂůů/ŶǀŽŝĐĞƐWĂŝĚĨŽƌƚŚĞLJĞĂƌ͘>ĂďŽƌƌĂƚĞƐ shall be Prevailing Wage Rates for the industry. • All personnel shall wear the most up-to-ĚĂƚĞƉĞƌƐŽŶĂůƉƌŽƚĞĐƟǀĞĞƋƵŝƉŵĞŶƚ. • >ŽĐĂƟŽŶƐůĞŌŝŶĐŽŵƉůĞƚĞĂƚƚŚĞĞŶĚŽĨƚŚĞǁŽƌŬĚĂLJƐŚĂůůďĞĂƌƌĂŶŐĞĚƚŽĂůůŽǁƚŽƐĂĨĞ ĂĐĐĞƐƐĨŽƌƚŚĞ^ƚĂīŵƉůŽLJĞĞƐĂŶĚͬŽƌƚŚĞƉƵďůŝĐ͘ WƌĞĨĞƌƌĞĚYƵĂůŝĮĐĂƟŽŶƐŽĨŽŶƚƌĂĐƚŽƌĂŶĚƉƌĞƐƐƵƌĞǁĂƐŚŝŶŐĞŵƉůŽLJĞĞƐ • dŚĞŽŶƚƌĂĐƚŽƌƐŚĂůůĂƐƐŝŐŶĂƐƵĸĐŝĞŶƚŶƵŵďĞƌŽĨĞŵƉůŽLJĞĞƐ;͞ŵƉůŽLJĞĞ͟Žƌ͞ŵƉůŽLJĞĞƐ͕͟ĂƐ ĂƉƉůŝĐĂďůĞͿ;ĂƐĚĞƚĞƌŵŝŶĞĚďLJƚŚĞŽŶƚƌĂĐƚŽƌďĂƐĞĚŽŶƚŚĞsize of the area to be pressure washed and ƟŵĞŝŶǀŽůǀĞĚͿ͕ŝŶĐůƵĚŝŶŐŽŶĞƐĞŶŝŽƌŝŶĚŝǀŝĚƵĂůƚŽƐĞƌǀĞĂƐĂƚĞĂŵůĞĂĚ͕ĞdžĐůƵƐŝǀĞůLJ for the performance of Services. • dŚĞŽŶƚƌĂĐƚŽƌƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽĐŚĂŶŐĞĂŶLJŵƉůŽLJĞĞƐƐŝŐŶŵĞŶƚĂŶĚƐƵďƐƟƚƵƚĞĂŶŽƚŚĞƌ ŵƉůŽLJĞĞĂƚĂŶLJƟŵĞĚƵĞƚŽŝůůŶĞƐƐŽƌŽƚŚĞƌŵĞƌŐĞŶĐLJ͘ • ŵƉůŽLJĞĞƐƐŚĂůůǁĞĂƌĂĐůŽƚŚŝŶŐƚŚĂƚŝƐŶŽŶ-ŽīĞŶƐŝǀĞŽƌĚŝƐƚƌĂĐƟŶŐǁŚŝůĞĂƚƚŚĞůŽĐĂƟŽŶ͘ • EŽ^ŵŽŬŝŶŐŝƐĂůůŽǁĞĚďLJƚŚĞŵƉůŽLJĞĞƐĞdžĐĞƉƚĂƚĚĞƐŝŐŶĂƚĞĚĂƌĞĂƐ͘ WƌŽũĞĐƚƌĞĂ^ƉĞĐŝĮĐĂƟŽŶƐ– Prior to Beginning Work • ŽŶƚĂĐƚ&ĂĐŝůŝƟĞƐKŶ-^ŝƚĞZĞƉƌĞƐĞŶƚĂƟǀĞǀŝĂĞŵĂŝů͕ƚĞdžƚ͕ŽƌWŚŽŶĞĂůůĂƚƚŚĞƐƚĂƌƚŽĨƚŚĞǁŽƌŬ ƐŚŝŌ͘ • KŶĐĞŽŶƐŝƚĞ͕ĐŽŶƚƌĂĐƚŽƌǁŝůůĐŽŶƚĂĐƚƚŚĞ&ĂĐŝůŝƟĞƐKŶ-^ŝƚĞZĞƉƌĞƐĞŶƚĂƟǀĞƚŽ͗ o open any gates or buildings if applicable. ͻ/ĨĂƌĞĂĂƚůŽĐĂƟŽŶŝƐĂĞƐŝŐŶĂƚĞĚ:/^Area, the employees of the contractor ! "         ŵƵƐƚďĞŽŶƚŚĞŝƚLJŽĨZĞŶƚŽŶ:/^ƵƚŚŽƌŝnjĞĚŽŶƚƌĂĐƚŵƉůŽLJĞĞ>ŝƐƚ͘ WƌŽũĞĐƚƌĞĂ^ƉĞĐŝĮĐĂƟŽŶƐ– ŶĚŽĨtŽƌŬ • KŶĐĞǁŽƌŬŚĂƐĐŽŵƉůĞƚĞĚ͕ĐŽŶƚĂĐƚƚŚĞ&ĂĐŝůŝƟĞƐƌĞƉƌĞƐĞŶƚĂƟǀĞƚŽ͗ o Walk the area to ensure all areas needed of pressure washing where completed to industry standards. o &ĂĐŝůŝƟĞƐZĞƉƌĞƐĞŶƚĂƟǀĞǁŝůůĐŚĞĐŬĂůůareas for any damage that may have occurred. ^ƉĞĐŝĂůŽŶĚŝƟŽŶƐ • ĂŵĂŐĞƚŚĂƚŽĐĐƵƌƐĂƐĂĚŝƌĞĐƚƌĞƐƵůƚŽĨĐŽŶƚƌĂĐƚŽƌĂĐƟŽŶƐŽƌŝŶĂĐƟŽŶŝƐƚŚĞƐŽůĞresponsibility of the contractor. • Contractor will use water only, no chemicals to pressure wash. /ŶǀŽŝĐĞƐ • /ŶǀŽŝĐĞƐƐŚŽƵůĚďĞƐƵďŵŝƩĞĚƚŽ͗ DŝĐŚĞůůĞ<ƌĞĞŌ͕ĚŵŝŶŝƐƚƌĂƟǀĞ^ĞĐƌĞƚĂƌLJϭ :ĂŵĞƐ>ĞĂƚŚůĞLJ͕ƵƐƚŽĚŝĂůDĂŝŶƚĞŶĂŶĐĞ^ƵƉĞƌǀŝƐŽƌ Public Works - &ĂĐŝůŝƟĞƐĞƉĂƌƚŵĞŶƚ– 1st ŇŽŽƌZĞŶƚŽŶŝƚLJ,Ăůů ϭϬϱϱ^ŽƵƚŚ'ƌĂĚLJtĂLJ͕ZĞŶƚŽŶ͕tϵϴϬϱϳ ŵĂŝů͗&ĂĐŝůŝƟĞƐΛZĞŶƚŽŶǁĂ͘ŐŽǀ dĞůĞƉŚŽŶĞ͗;ϰϮϱͿ430-ϲϲϭϮ • /ŶǀŽŝĐĞƐƐŚŽƵůĚĐŽŶƚĂŝŶƚŚĞĨŽůůŽǁŝŶŐŝŶĨŽƌŵĂƟŽŶƚŽƉƌĞǀĞŶƚĂĚĞůĂLJŝŶprocessing: o Contractor name, address and telephone number o ŽŶƚƌĂĐƚEƵŵďĞƌ– ĂƐƐŝŐŶĞĚƵƉŽŶĞdžĞĐƵƟŽŶŽĨĂŐƌĞĞŵĞŶƚ;'ηΎΎ- ΎΎΎͿ o hŶŝƋƵĞ/ŶǀŽŝĐĞEƵŵďĞƌ o ĂƚĞǁŽƌŬƉĞƌĨŽƌŵĞĚ o >ŽĐĂƟŽŶǁŚĞƌĞǁŽƌŬǁĂƐƉĞƌĨŽƌŵĞĚ o EƵŵďĞƌŽĨǁŽƌŬĞƌƐĂƐƐŝŐŶĞĚƚŽƚĂƐŬ o ůĂƐƐŝĮĐĂƟŽŶŽĨǁŽƌŬĞƌƐĂƐƐŝŐŶĞĚƚŽƚĂƐŬ o Total hours worked o Materials including mark-up o Amount due, Washington sales tax and total amount due o tĂƐŚŝŶŐƚŽŶĞƉĂƌƚŵĞŶƚŽĨ>ĂďŽƌĂŶĚ/ŶĚƵƐƚƌŝĞƐ/ŶƚĞŶƚƚŽWĂLJWƌĞǀĂŝůŝŶŐtĂŐĞ^ƚĂƚĞŵĞŶƚ ǁŝƚŚĮƌƐƚŝŶǀŽŝĐĞ͘ĸĚĂǀŝƚŽĨtĂŐĞƐWĂŝĚ^ƚĂƚĞŵĞŶƚĨŽƌĞĂĐŚŝŶǀŽŝĐĞƚŚĞƌĞĂŌĞƌ͘&ĂŝůƵƌĞ to submit these forms may delay processing of invoices. ! "         FRN Corp 8104 Portland Ave E Tacoma, WA 98404 Phone: 206.899.7704 Email: frndrywallcorp@outlook.com Date: 05/20/2025 To: City of Renton Public Works – Facilities Department Attn: James Leathley, Custodial Maintenance Supervisor 1055 South Grady Way Renton, WA 98057 RE: Competitive Bid Submission – On-Call Pressure Washing Services Dear Mr. Leathley, Thank you for the opportunity to submit a bid for the City of Renton’s On-Call Pressure Washing Services contract. FRN Corp is a local, reliable, and fully qualified contractor with deep experience providing municipal exterior cleaning services across King and Pierce counties. We understand the City’s needs for consistent, responsive, and cost-effective service. Our proposal below is crafted to meet your expectations while offering highly competitive rates without sacrificing quality, safety, or compliance. Qualifications & Compliance: x Licensed and insured Washington State contractor x Valid Renton Business License x UBI #: 604925440 x General liability, auto, and worker’s compensation coverage per City standards x OSHA-compliant crew with full PPE and safety training x Timely submission of Intent to Pay and Affidavit of Wages Paid for all prevailing wage compliance x Staff available for CJIS-cleared assignments if required Competitive Rate Proposal (King County Prevailing Wage Compliant): ! "         Labor Classification Hourly Rate (fully burdened) Notes Laborer – Pressure Washing $62.00 Prevailing wage, competitive markup Site Lead / Supervisor $66.00 For oversight on larger call-outs Mobilization (flat per trip) $85.00 Includes setup, travel, parking Emergency Call-Out (after hours) $90.00/hr Only with pre-approval from City Materials/Supplies (cones, signage) Cost + 5% Only billed if requested or needed Note: Water only – no chemicals, per City requirements. Why FRN Corp: x Small business agility, large project capability – we scale efficiently x Fast response time with mobile crews ready across South King County x Proven experience handling city facilities, public-facing walkways, parking lots, and building exteriors x Respectful, uniformed, bilingual crews trained in public interaction and jobsite safety We would be honored to support the City of Renton with consistent, responsive, and budget- friendly service. Please confirm receipt of our bid and let us know if any further documentation or pre-award steps are required. Sincerely, Thalia Moran Bracamontes Owner FRN Corp frndrywallcorp@outlook.com | 206.899.7704 ! "