The URL can be used to link to this page

Home My WebLink AboutContract ^D>>tKZ<^KEdZd'ZDEd hƐŝŶŐ^ƚĂƚĞDĂƐƚĞƌŽŶƚƌĂĐƚηϭϱϭϮϮ 'ͲϮϲͲϬϮϬ d,/^'ZDEd;͞ŐƌĞĞŵĞŶƚ͟ͿŝƐŵĂĚĞĂƐŽĨƚŚĞϭϬƚŚĚĂǇŽĨ&ĞďƌƵĂƌǇ͕ϮϬϮϲ͕;ƚŚĞ ͞ĨĨĞĐƚŝǀĞĂƚĞ͟ͿďǇĂŶĚďĞƚǁĞĞŶƚŚĞŝƚǇŽĨZĞŶƚŽŶ͕ĂtĂƐŚŝŶŐƚŽŶ^ƚĂƚĞŵƵŶŝĐŝƉĂůĐŽƌƉŽƌĂƚŝŽŶ ;͞ŝƚǇ͟Ϳ͕ƚŚƌŽƵŐŚŝƚƐŽŵŵƵŶŝƚǇĂŶĚĐŽŶŽŵŝĐĞǀĞůŽƉŵĞŶƚĞƉĂƌƚŵĞŶƚĂŶĚEŽƌƚŚǁĞƐƚ WůĂǇŐƌŽƵŶĚƋƵŝƉŵĞŶƚ͕/ŶĐ͕͘;͞ŽŶƚƌĂĐƚŽƌ͟Ϳ͕ǁŚŽĂƌĞĐŽůůĞĐƚŝǀĞůǇƌĞĨĞƌƌĞĚƚŽĂƐƚŚĞ͞WĂƌƚŝĞƐ͕͟ƚŽ ƐƵƉƉůǇƉůĂǇŐƌŽƵŶĚĞƋƵŝƉŵĞŶƚ͕ĚĞƐŝŐŶ͕ůĂǇŽƵƚ͕ĚĞůŝǀĞƌǇ͕ŝŶƐƚĂůůĂƚŝŽŶ͕ƉůĂǇŐƌŽƵŶĚĚƌĂŝŶĂŐĞ͕ƐĂĨĞƚǇ ƐƵƌĨĂĐŝŶŐ͕ĐůĞĂŶƵƉ͕ĚĞďƌŝƐƌĞŵŽǀĂů͕ĂŶĚĂůůŽƚŚĞƌǁŽƌŬĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚĞƉůĂǇŐƌŽƵŶĚ ŝŶƐƚĂůůĂƚŝŽŶĂƚ>ĞŐĂĐǇ^ƋƵĂƌĞ͕ůŽĐĂƚĞĚĂƚϱϮϴ^ϯƌĚ^ƚ͕͘ZĞŶƚŽŶ͕tϵϴϬϱϲ͘ t,Z^͕ ƚŚĞ ŝƚǇ ŚĂƐ ĞŶƚĞƌĞĚ ŝŶƚŽ Ă DĂƐƚĞƌ ŽŶƚƌĂĐƚ hƐĂŐĞ ŐƌĞĞŵĞŶƚ ǁŝƚŚ ƚŚĞ tĂƐŚŝŶŐƚŽŶĞƉĂƌƚŵĞŶƚŽĨŶƚĞƌƉƌŝƐĞ^ĞƌǀŝĐĞƐ;͞^͟Ϳ͕^ŐƌĞĞŵĞŶƚEƵŵďĞƌ<ϮϭϮϳĂŶĚŝƚǇ ŽĨZĞŶƚŽŶŽŶƚƌĂĐƚEƵŵďĞƌ'ͲϭϯͲϮϯϬ͕ǁŚŝĐŚĂƵƚŚŽƌŝǌĞƐƚŚĞŝƚǇƚŽƉƵƌĐŚĂƐĞŽƌĂĐƋƵŝƌĞŐŽŽĚƐ ĂŶĚƐĞƌǀŝĐĞƐĨŽƌŝƚƐĚŝƌĞĐƚƵƐĞƵŶĚĞƌĐŽŶƚƌĂĐƚƐĞŶƚĞƌĞĚŝŶƚŽďǇ^͖ĂŶĚ t,Z^͕ ^ ĂǁĂƌĚĞĚ ŽŶƚƌĂĐƚ ηϭϱϭϮϮ͕ Ă WĂƌƚŝĐŝƉĂƚŝŶŐ ĚĚĞŶĚƵŵ ƚŽ Ă E^WK sĂůƵĞWŽŝŶƚĐŽŽƉĞƌĂƚŝǀĞĐŽŶƚƌĂĐƚ͕ƚŽĐĞƌƚĂŝŶĐŽŶƚƌĂĐƚŽƌƐǁŚŽƉƌŽǀŝĚĞWĂƌŬƐĂŶĚZĞĐƌĞĂƚŝŽŶ ƋƵŝƉŵĞŶƚĂŶĚZĞůĂƚĞĚ^ĞƌǀŝĐĞƐŝŶĐůƵĚŝŶŐƌĞŵŽǀĂůĂŶĚŝŶƐƚĂůůĂƚŝŽŶƐĞƌǀŝĐĞƐ͖ĂŶĚ t,Z^͕ ƚŚĞ >ĞĂĚ ^ƚĂƚĞ ;KƌĞŐŽŶͿ ĨŽƌ ƚŚĞ E^WK sĂůƵĞWŽŝŶƚ ĐŽŽƉĞƌĂƚŝǀĞĐŽŶƚƌĂĐƚ ƵŶĚĞƌƚŽŽŬĂĐŽŵƉĞƚŝƚŝǀĞďŝĚƉƌŽĐĞƐƐĂŶĚŝĚĞŶƚŝĨŝĞĚŽŶƚƌĂĐƚŽƌĂƐĂƐƵĐĐĞƐƐĨƵůďŝĚĚĞƌĂŶĚĂǁĂƌĚĞĚ ĂDĂƐƚĞƌŐƌĞĞŵĞŶƚƚŽŽŶƚƌĂĐƚŽƌ͖ĂŶĚ t,Z^͕ƚŚĞŝƚǇĚĞƐŝƌĞƐƚŽƉƵƌĐŚĂƐĞƚŚĞŐŽŽĚƐĂŶĚƐĞƌǀŝĐĞƐĚĞƐĐƌŝďĞĚŚĞƌĞŝŶĨŽƌŝƚƐ ĚŝƌĞĐƚƵƐĞĨƌŽŵŽŶƚƌĂĐƚŽƌƵŶĚĞƌ^ŽŶƚƌĂĐƚηϭϱϭϮϮ͖ dŚĞŝƚǇĂŶĚŽŶƚƌĂĐƚŽƌĂŐƌĞĞĂƐƐĞƚĨŽƌƚŚďĞůŽǁ͗ ϭ͘^ĐŽƉĞŽĨtŽƌŬ͗ŽŶƚƌĂĐƚŽƌǁŝůůƉƌŽǀŝĚĞĂůůŵĂƚĞƌŝĂůĂŶĚůĂďŽƌŶĞĐĞƐƐĂƌǇƚŽƉĞƌĨŽƌŵĂůů ǁŽƌŬĚĞƐĐƌŝďĞĚŝŶƚŚĞ^ĐŽƉĞŽĨtŽƌŬǁŚŝĐŚŝƐĂƚƚĂĐŚĞĚĂŶĚĨƵůůǇŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽƚŚŝƐ ŐƌĞĞŵĞŶƚďǇƌĞĨĞƌĞŶĐĞĂƐƚƚĂĐŚŵĞŶƚ͘͟͞ Ϯ͘ŚĂŶŐĞƐŝŶ^ĐŽƉĞŽĨtŽƌŬ͗dŚĞŝƚǇ͕ǁŝƚŚŽƵƚŝŶǀĂůŝĚĂƚŝŶŐƚŚŝƐŐƌĞĞŵĞŶƚ͕ŵĂǇŽƌĚĞƌ ĐŚĂŶŐĞƐƚŽƚŚĞ^ĐŽƉĞŽĨtŽƌŬĐŽŶƐŝƐƚŝŶŐŽĨĂĚĚŝƚŝŽŶƐ͕ĚĞůĞƚŝŽŶƐŽƌŵŽĚŝĨŝĐĂƚŝŽŶƐ͕ƚŚĞ ŐƌĞĞŵĞŶƚ^ƵŵďĞŝŶŐĂĚũƵƐƚĞĚĂĐĐŽƌĚŝŶŐůǇďǇWĂƌƚŝĞƐŵƵƚƵĂůĂŐƌĞĞŵĞŶƚ͘^ƵĐŚĐŚĂŶŐĞƐ CAG-26-020 W'ϮK&ϭϮ ŝŶƚŚĞǁŽƌŬƐŚĂůůďĞĂƵƚŚŽƌŝǌĞĚďǇǁƌŝƚƚĞŶŚĂŶŐĞKƌĚĞƌŽƌŵĞŶĚŵĞŶƚƐŝŐŶĞĚďǇƚŚĞ WĂƌƚŝĞƐ͘ ϯ͘dŝŵĞŽĨWĞƌĨŽƌŵĂŶĐĞ͗ŽŶƚƌĂĐƚŽƌƐŚĂůůĐŽŵŵĞŶĐĞƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞŐƌĞĞŵĞŶƚŶŽůĂƚĞƌ ƚŚĂŶϯϬĐĂůĞŶĚĂƌĚĂǇƐĂĨƚĞƌƚŚĞŐƌĞĞŵĞŶƚ͛ƐĨĨĞĐƚŝǀĞĂƚĞ͘ ϰ͘dĞƌŵŽĨŐƌĞĞŵĞŶƚ͗dŚĞdĞƌŵŽĨƚŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůĞŶĚĂƚĐŽŵƉůĞƚŝŽŶŽĨƚŚĞ^ĐŽƉĞŽĨ tŽƌŬ͕ŶŽůĂƚĞƌƚŚĂŶDĂǇϯϭ͕ϮϬϮϲ͘dŚŝƐŐƌĞĞŵĞŶƚŵĂǇďĞĞǆƚĞŶĚĞĚƚŽĂĐĐŽŵƉůŝƐŚ ĐŚĂŶŐĞŽƌĚĞƌƐ͕ŝĨƌĞƋƵŝƌĞĚ͕ƵƉŽŶŵƵƚƵĂůǁƌŝƚƚĞŶĂŐƌĞĞŵĞŶƚŽĨdŚĞŝƚǇĂŶĚŽŶƚƌĂĐƚŽƌ͘ ϱ͘ŐƌĞĞŵĞŶƚ^Ƶŵ͗dŚĞƚŽƚĂůĂŵŽƵŶƚŽĨƚŚŝƐŐƌĞĞŵĞŶƚŝƐƚŚĞƐƵŵŽĨΨϮϳϱ͕ϰϬϳ͘ϳϲǁŚŝĐŚ ŝŶĐůƵĚĞƐtĂƐŚŝŶŐƚŽŶ^ƚĂƚĞ^ĂůĞƐdĂǆ͘dŚŝƐĂŵŽƵŶƚŵĂǇďĞĂĚũƵƐƚĞĚƚŽĂŵƵƚƵĂůůǇĂŐƌĞĞĚ ĂŵŽƵŶƚďĂƐĞĚŽŶĐŚĂŶŐĞƐƚŽƚŚĞ^ĐŽƉĞŽĨtŽƌŬ͘ ϲ͘ŽŶƐŝĚĞƌĂƚŝŽŶ͗/ŶĞǆĐŚĂŶŐĞĨŽƌŽŶƚƌĂĐƚŽƌ͛ƐƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞŝƚĞŵƐĂŶĚƌĞƐƉŽŶƐŝďŝůŝƚŝĞƐ ŝĚĞŶƚŝĨŝĞĚŝŶƚŚĞ^ĐŽƉĞŽĨtŽƌŬ͕ƚŚĞŝƚǇĂŐƌĞĞƐƚŽŵĂŬĞƉĂǇŵĞŶƚŽĨƚŚĞĂŵŽƵŶƚŝĚĞŶƚŝĨŝĞĚ ĂƐƚŚĞŐƌĞĞŵĞŶƚ^Ƶŵ͘ ϳ͘DĞƚŚŽĚŽĨWĂǇŵĞŶƚͬZĞƚĂŝŶĂŐĞͬŽŶĚŝŶŐ͗WĂǇŵĞŶƚďǇƚŚĞŝƚǇĨŽƌƚŚĞtŽƌŬǁŝůůŽŶůǇďĞ ŵĂĚĞĂĨƚĞƌƚŚĞtŽƌŬŚĂƐďĞĞŶƉĞƌĨŽƌŵĞĚĂŶĚĂǀŽƵĐŚĞƌŽƌŝŶǀŽŝĐĞŝƐƐƵďŵŝƚƚĞĚŝŶĂĨŽƌŵ ĂĐĐĞƉƚĂďůĞƚŽƚŚĞŝƚǇ͘ ͘ WƌĞǀĂŝůŝŶŐtĂŐĞZĂƚĞƐ͗ ŽŶƚƌĂĐƚŽƌŵƵƐƚĐŽŵƉůǇǁŝƚŚƚŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶƉƌĞǀĂŝůŝŶŐǁĂŐĞ ƌĞƋƵŝƌĞŵĞŶƚƐ͘ŽŶƚƌĂĐƚŽƌŵƵƐƚĨŝůĞĂŶ/ŶƚĞŶƚdŽWĂǇWƌĞǀĂŝůŝŶŐtĂŐĞĂƚƚŚĞ ďĞŐŝŶŶŝŶŐŽĨƚŚĞƉƌŽũĞĐƚĂŶĚĂŶĨĨŝĚĂǀŝƚŽĨtĂŐĞƐWĂŝĚĂƚƚŚĞĞŶĚŽĨƚŚĞƉƌŽũĞĐƚ ǁŝƚŚƚŚĞtĂƐŚŝŶŐƚŽŶ^ƚĂƚĞĞƉĂƌƚŵĞŶƚŽĨ>ĂďŽƌĂŶĚ/ŶĚƵƐƚƌŝĞƐ͘ dŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶƉƌĞǀĂŝůŝŶŐǁĂŐĞƌĂƚĞƐĂƉƉůŝĐĂďůĞĨŽƌƚŚŝƐƉƌŽũĞĐƚ͕ǁŚŝĐŚŝƐ ůŽĐĂƚĞĚŝŶ<ŝŶŐŽƵŶƚǇ͕ŵĂǇďĞĨŽƵŶĚĂƚƚŚĞĨŽůůŽǁŝŶŐǁĞďƐŝƚĞĂĚĚƌĞƐƐŽĨƚŚĞ ĞƉĂƌƚŵĞŶƚŽĨ>ĂďŽƌĂŶĚ/ŶĚƵƐƚƌŝĞƐ͗ ŚƚƚƉ͗ͬͬǁǁǁ͘ůŶŝ͘ǁĂ͘ŐŽǀͬdƌĂĚĞƐ>ŝĐĞŶƐŝŶŐͬWƌĞǀtĂŐĞͬĚĞĨĂƵůƚ͘ĂƐƉ ŚƚƚƉ͗ͬͬǁǁǁ͘ůŶŝ͘ǁĂ͘ŐŽǀͬdƌĂĚĞƐ>ŝĐĞŶƐŝŶŐͬWƌĞǀtĂŐĞͬtĂŐĞZĂƚĞƐͬĚĞĨĂƵůƚ͘ĂƐƉ WƵƌƐƵĂŶƚƚŽtϮϵϲͲϭϮϳͲϬϭϭ͕ƚŚĞĂƉƉůŝĐĂďůĞĞĨĨĞĐƚŝǀĞĚĂƚĞĨŽƌƉƌĞǀĂŝůŝŶŐǁĂŐĞ ƌĂƚĞƐƉĂŝĚĨŽƌƚŚĞĚƵƌĂƚŝŽŶŽĨƚŚŝƐĐŽŶƚƌĂĐƚƐŚĂůůďĞƚŚĞĚĂƚĞƚŚĞĐŽŶƚƌĂĐƚŝƐ ĞǆĞĐƵƚĞĚĂƐƌĞĨůĞĐƚĞĚŝŶƚŚĞ͞ĨĨĞĐƚŝǀĞĂƚĞ͟ŝĚĞŶƚŝĨŝĞĚĂƚƚŚĞƚŽƉŽĨƚŚĞĨŝƌƐƚƉĂŐĞ ŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ hƉŽŶƌĞƋƵĞƐƚ͕ƚŚĞŝƚǇǁŝůůƉƌŽǀŝĚĞĂĐŽƉǇŽĨƚŚĞĂƉƉůŝĐĂďůĞƉƌĞǀĂŝůŝŶŐǁĂŐĞƐĨŽƌ ƚŚŝƐƉƌŽũĞĐƚ͘ůƚĞƌŶĂƚŝǀĞůǇ͕ƚŚĞƌĂƚĞƐŵĂǇďĞǀŝĞǁĞĚĂƚƚŚĞŝƚǇŽĨZĞŶƚŽŶŝƚǇ,Ăůů ďǇŵĂŬŝŶŐĂŶĂƉƉŽŝŶƚŵĞŶƚǁŝƚŚƚŚĞĐŽŶƚĂĐƚƉĞƌƐŽŶŝĚĞŶƚŝĨŝĞĚŚĞƌĞŝŶŽƌƉƌŝŽƌƚŽ W'ϯK&ϭϮ ĐŽŶƚƌĂĐƚĂǁĂƌĚǁŝƚŚƚŚĞĐŽŶƚĂĐƚƉĞƌƐŽŶŝĚĞŶƚŝĨŝĞĚĂƐƚŚĞŝƚǇŽĨZĞŶƚŽŶĐŽŶƚĂĐƚŝŶ WĂƌĂŐƌĂƉŚϭϱEŽƚŝĐĞƐŽĨƚŚŝƐĂŐƌĞĞŵĞŶƚ͘ ͘ &ŽƌŐƌĞĞŵĞŶƚƐŽǀĞƌΨϭϱϬ͕ϬϬϬ͗ WƵƌƐƵĂŶƚƚŽZtϲϬ͘ϮϴĂŶĚϯϵ͘ϬϴƚŚĞŝƚǇƌĞƋƵŝƌĞƐĂϱйZĞƚĂŝŶĂŐĞďĞǁŝƚŚŚĞůĚ ĂŶĚƚŚĂƚƚŚĞŽŶƚƌĂĐƚŽƌǁŝůůƉƌŽǀŝĚĞĂWĞƌĨŽƌŵĂŶĐĞĂŶĚWĂǇŵĞŶƚ;ŽŶƚƌĂĐƚͿŽŶĚ ŽŶƚŚĞŝƚǇĂƉƉƌŽǀĞĚĨŽƌŵƵƉŽŶĞǆĞĐƵƚŝŽŶŽĨƚŚĞŐƌĞĞŵĞŶƚ͘WĂǇŵĞŶƚŽĨƚŚĞŝŶŝƚŝĂů ϵϱйǁŝůůďĞŵĂĚĞŝŶƚŚĞŶĞǆƚƉĂǇĐǇĐůĞŽĨƚŚĞŝƚǇ&ŝŶĂŶĐĞĞƉĂƌƚŵĞŶƚĂĨƚĞƌƌĞĐĞŝƉƚ ŽĨƐƵĐŚǀŽƵĐŚĞƌŽƌŝŶǀŽŝĐĞ;ƉĂǇĐǇĐůĞƐĂƌĞďŝͲǁĞĞŬůǇͿ͘dŚĞƌĞŵĂŝŶŝŶŐϱйǁŝůůďĞ ƌĞƚĂŝŶĞĚĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨĐŽŵƉůĞƚŝŽŶŽĨƚŚĞƉƌŽũĞĐƚĂŶĚĨƵůĨŝůůŵĞŶƚŽĨĐůĂŝŵƐĂŶĚ ůŝĞŶƐ͘ ͘ &ŽƌŐƌĞĞŵĞŶƚƐƵŶĚĞƌΨϭϱϬ͕ϬϬϬ WƵƌƐƵĂŶƚƚŽZtϲϬ͘ϮϴĂŶĚϯϵ͘ϬϴƚŚĞŝƚǇƌĞƋƵŝƌĞƐĂϱйZĞƚĂŝŶĂŐĞďĞǁŝƚŚŚĞůĚ ĂŶĚ ƚŚĂƚ ƚŚĞ ŽŶƚƌĂĐƚŽƌ ǁŝůů ƉƌŽǀŝĚĞ Ă ĞŝƚŚĞƌ Ă WĞƌĨŽƌŵĂŶĐĞ ĂŶĚWĂǇŵĞŶƚ ;ŽŶƚƌĂĐƚͿŽŶĚŽŶƚŚĞŝƚǇĂƉƉƌŽǀĞĚĨŽƌŵƵƉŽŶĞǆĞĐƵƚŝŽŶŽĨƚŚĞŐƌĞĞŵĞŶƚŽƌ ǁĂŝǀĞƚŚĞƉĂǇŵĞŶƚĂŶĚƉĞƌĨŽƌŵĂŶĐĞďŽŶĚĂŶĚŝŶƐƚĞĂĚƚŚĞŝƚǇǁŝůůƌĞƚĂŝŶϭϬй͘ WĂǇŵĞŶƚŽĨƚŚĞŝŶŝƚŝĂůϵϱйǁŝůůďĞŵĂĚĞŝŶƚŚĞŶĞǆƚƉĂǇĐǇĐůĞŽĨƚŚĞŝƚǇ&ŝŶĂŶĐĞ ĞƉĂƌƚŵĞŶƚĂĨƚĞƌƌĞĐĞŝƉƚŽĨƐƵĐŚǀŽƵĐŚĞƌŽƌŝŶǀŽŝĐĞ;ƉĂǇĐǇĐůĞƐ ĂƌĞďŝͲǁĞĞŬůǇͿ͘dŚĞ ƌĞŵĂŝŶŝŶŐϱйǁŝůůďĞƌĞƚĂŝŶĞĚĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨĐŽŵƉůĞƚŝŽŶŽĨƚŚĞƉƌŽũĞĐƚĂŶĚ ĨƵůĨŝůůŵĞŶƚŽĨĐůĂŝŵƐĂŶĚůŝĞŶƐ͘;hŶůĞƐƐƚŚĞĐŽŶƚƌĂĐƚŽƌǁĂŝǀĞƐƚŚĞƉĂǇŵĞŶƚĂŶĚ ƉĞƌĨŽƌŵĂŶĐĞďŽŶĚďĞůŽǁĂŶĚŽƉƚƐĨŽƌĂϭϬйƌĞƚĂŝŶĂŐĞďĞůŽǁ͘Ϳ ŽŶƚƌĂĐƚŽƌŵƵƐƚƉŝĐŬŽŶĞʹŝĨĐŽŶƚƌĂĐƚŽƌĚŽĞƐŶŽƚƉŝĐŬŽŶĞƚŚĞŶϱйǁŝƚŚĐŽŶƚƌĂĐƚ ďŽŶĚŝƐƌĞƋƵŝƌĞĚ͗ ͺͺͺͺͺͺͺdŽƉƌŽǀŝĚĞĂƉĂǇŵĞŶƚĂŶĚƉĞƌĨŽƌŵĂŶĐĞďŽŶĚ;ĐŽŶƚƌĂĐƚďŽŶĚͿŝŶƚŚĞ ĂŵŽƵŶƚŽĨϭϬϬйŽĨƚŚĞĞƐƚŝŵĂƚĞŝŶĐůƵĚŝŶŐƚĂǆĞƐǁŝƚŚĂϱйƌĞƚĂŝŶĂŐĞ͕ Žƌ ͺͺͺͺͺͺͺdŽǁĂŝǀĞĂƉĂǇŵĞŶƚĂŶĚƉĞƌĨŽƌŵĂŶĐĞďŽŶĚ;ĐŽŶƚƌĂĐƚďŽŶĚͿĂŶĚŝŶƐƚĞĂĚ ƚŚĞĐŝƚǇǁŝůůƌĞƚĂŝŶƚŚĞƌĞŵĂŝŶŝŶŐϭϬйǁŝůůďĞƌĞƚĂŝŶĞĚĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨ ĐŽŵƉůĞƚŝŽŶŽĨƚŚĞƉƌŽũĞĐƚĂŶĚĨƵůĨŝůůŵĞŶƚŽĨĐůĂŝŵƐĂŶĚůŝĞŶƐ͘ ͘ dŚĞŝƚǇƐŚĂůůŚĂǀĞƚŚĞƌŝŐŚƚƚŽǁŝƚŚŚŽůĚƉĂǇŵĞŶƚƚŽŽŶƚƌĂĐƚŽƌĨŽƌĂŶǇǁŽƌŬŶŽƚ ĐŽŵƉůĞƚĞĚŝŶĂƐĂƚŝƐĨĂĐƚŽƌǇŵĂŶŶĞƌƵŶƚŝůƐƵĐŚƚŝŵĞĂƐŽŶƚƌĂĐƚŽƌŵŽĚŝĨŝĞƐƐƵĐŚ ǁŽƌŬƐŽƚŚĂƚƚŚĞƐĂŵĞŝƐƐĂƚŝƐĨĂĐƚŽƌǇ͘ ͘ &ŝŶĂůĐĐĞƉƚĂŶĐĞ͘&ŝŶĂůĐĐĞƉƚĂŶĐĞŽĨƚŚĞWƌŽũĞĐƚŽĐĐƵƌƐǁŚĞŶƚŚĞWƵďůŝĐtŽƌŬƐ ŝƌĞĐƚŽƌŚĂƐĚĞƚĞƌŵŝŶĞĚƚŚĂƚƚŚĞWƌŽũĞĐƚŝƐŽŶĞŚƵŶĚƌĞĚƉĞƌĐĞŶƚ;ϭϬϬйͿĐŽŵƉůĞƚĞ ĂŶĚŚĂƐďĞĞŶĐŽŶƐƚƌƵĐƚĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚƚŚĞWůĂŶƐĂŶĚ^ƉĞĐŝĨŝĐĂƚŝŽŶƐ͘ W'ϰK&ϭϮ &͘ WĂǇŵĞŶƚŝŶƚŚĞǀĞŶƚŽĨdĞƌŵŝŶĂƚŝŽŶ͘/ŶƚŚĞĞǀĞŶƚƚŚŝƐŽŶƚƌĂĐƚŝƐƚĞƌŵŝŶĂƚĞĚďǇ ƚŚĞĞŝƚŚĞƌƉĂƌƚǇ͕ƚŚĞŽŶƚƌĂĐƚŽƌƐŚĂůůŶŽƚďĞĞŶƚŝƚůĞĚƚŽƌĞĐĞŝǀĞĂŶǇĨƵƌƚŚĞƌĂŵŽƵŶƚƐ ĚƵĞ ƵŶĚĞƌ ƚŚŝƐ ŽŶƚƌĂĐƚ ƵŶƚŝů ƚŚĞ ǁŽƌŬ ƐƉĞĐŝĨŝĞĚ ŝŶ ƚŚĞ ^ĐŽƉĞ ŽĨ tŽƌŬ ŝƐ ƐĂƚŝƐĨĂĐƚŽƌŝůǇĐŽŵƉůĞƚĞĚ͕ĂƐƐĐŚĞĚƵůĞĚ͕ƵƉƚŽƚŚĞĚĂƚĞŽĨƚĞƌŵŝŶĂƚŝŽŶ͘ƚƐƵĐŚƚŝŵĞ͕ ŝĨƚŚĞƵŶƉĂŝĚďĂůĂŶĐĞŽĨƚŚĞĂŵŽƵŶƚƚŽďĞƉĂŝĚƵŶĚĞƌƚŚĞŽŶƚƌĂĐƚĞǆĐĞĞĚƐƚŚĞ ĞǆƉĞŶƐĞŝŶĐƵƌƌĞĚďǇƚŚĞŝƚǇŝŶĨŝŶŝƐŚŝŶŐƚŚĞǁŽƌŬ͕ĂŶĚĂůůĚĂŵĂŐĞƐƐƵƐƚĂŝŶĞĚďǇ ƚŚĞŝƚǇŽƌǁŚŝĐŚŵĂǇďĞƐƵƐƚĂŝŶĞĚďǇƚŚĞŝƚǇŽƌǁŚŝĐŚŵĂǇďĞƐƵƐƚĂŝŶĞĚďǇƚŚĞ ƌĞĂƐŽŶŽĨƐƵĐŚƌĞĨƵƐĂů͕ŶĞŐůĞĐƚ͕ĨĂŝůƵƌĞŽƌĚŝƐĐŽŶƚŝŶƵĂŶĐĞŽĨŽŶƚƌĂĐƚŽƌƉĞƌĨŽƌŵŝŶŐ ƚŚĞǁŽƌŬ͕ƐƵĐŚĞǆĐĞƐƐƐŚĂůůďĞƉĂŝĚďǇƚŚĞŝƚǇƚŽƚŚĞŽŶƚƌĂĐƚŽƌ͘/ĨƚŚĞŝƚǇ͛Ɛ ĞǆƉĞŶƐĞĂŶĚĚĂŵĂŐĞƐĞǆĐĞĞĚƚŚĞƵŶƉĂŝĚďĂůĂŶĐĞ͕ŽŶƚƌĂĐƚŽƌĂŶĚŚŝƐƐƵƌĞƚǇƐŚĂůů ďĞũŽŝŶƚůǇĂŶĚƐĞǀĞƌĂůůǇůŝĂďůĞƚŚĞƌĞĨŽƌĞƚŽƚŚĞŝƚǇĂŶĚƐŚĂůůƉĂǇƐƵĐŚĚŝĨĨĞƌĞŶĐĞƚŽ ƚŚĞŝƚǇ͘^ƵĐŚĞǆƉĞŶƐĞĂŶĚĚĂŵĂŐĞƐƐŚĂůůŝŶĐůƵĚĞĂůůƌĞĂƐŽŶĂďůĞůĞŐĂůĞǆƉĞŶƐĞƐ ĂŶĚĐŽƐƚƐŝŶĐƵƌƌĞĚďǇƚŚĞŝƚǇƚŽƉƌŽƚĞĐƚƚŚĞƌŝŐŚƚƐĂŶĚŝŶƚĞƌĞƐƚƐŽĨƚŚĞŝƚǇƵŶĚĞƌ ƚŚĞŽŶƚƌĂĐƚ͘ ϴ͘,ŽůĚ,ĂƌŵůĞƐƐ͗ŽŶƚƌĂĐƚŽƌƐŚĂůůŝŶĚĞŵŶŝĨǇ͕ĚĞĨĞŶĚĂŶĚŚŽůĚŚĂƌŵůĞƐƐƚŚĞŝƚǇ͕ŝƚƐĞůĞĐƚĞĚ ŽĨĨŝĐŝĂůƐ͕ŽĨĨŝĐĞƌƐ͕ĂŐĞŶƚƐ͕ĞŵƉůŽǇĞĞƐĂŶĚǀŽůƵŶƚĞĞƌƐ͕ĨƌŽŵĂŶĚĂŐĂŝŶƐƚĂŶǇĂŶĚĂůůĐůĂŝŵƐ͕ ůŽƐƐĞƐŽƌůŝĂďŝůŝƚǇ͕ŽƌĂŶǇƉŽƌƚŝŽŶŽĨƚŚĞƐĂŵĞ͕ŝŶĐůƵĚŝŶŐďƵƚŶŽƚůŝŵŝƚĞĚƚŽƌĞĂƐŽŶĂďůĞ ĂƚƚŽƌŶĞǇƐ͛ĨĞĞƐ͕ůĞŐĂůĞǆƉĞŶƐĞƐĂŶĚůŝƚŝŐĂƚŝŽŶĐŽƐƚƐ͕ĂƌŝƐŝŶŐĨƌŽŵŝŶũƵƌǇŽƌĚĞĂƚŚƚŽƉĞƌƐŽŶƐ͕ ŝŶĐůƵĚŝŶŐŝŶũƵƌŝĞƐ͕ƐŝĐŬŶĞƐƐ͕ĚŝƐĞĂƐĞŽƌĚĞĂƚŚŽĨŽŶƚƌĂĐƚŽƌ͛ƐŽǁŶĞŵƉůŽǇĞĞƐ͕ĂŐĞŶƚƐĂŶĚ ǀŽůƵŶƚĞĞƌƐ͕ŽƌĚĂŵĂŐĞƚŽƉƌŽƉĞƌƚǇĐĂƵƐĞĚďǇŽŶƚƌĂĐƚŽƌ͛ƐŶĞŐůŝŐĞŶƚĂĐƚŽƌŽŵŝƐƐŝŽŶ͕ ĞǆĐĞƉƚĨŽƌƚŚŽƐĞĂĐƚƐĐĂƵƐĞĚďǇŽƌƌĞƐƵůƚŝŶŐĨƌŽŵĂŶĞŐůŝŐĞŶƚĂĐƚŽƌŽŵŝƐƐŝŽŶďǇƚŚĞŝƚǇ ĂŶĚŝƚƐŽĨĨŝĐĞƌƐ͕ĂŐĞŶƚƐ͕ĞŵƉůŽǇĞĞƐĂŶĚǀŽůƵŶƚĞĞƌƐ͘ ^ŚŽƵůĚĂĐŽƵƌƚŽĨĐŽŵƉĞƚĞŶƚũƵƌŝƐĚŝĐƚŝŽŶĚĞƚĞƌŵŝŶĞƚŚĂƚƚŚŝƐĂŐƌĞĞŵĞŶƚŝƐƐƵďũĞĐƚƚŽZt ϰ͘Ϯϰ͘ϭϭϱ͕;sĂůŝĚŝƚǇŽĨĂŐƌĞĞŵĞŶƚƚŽŝŶĚĞŵŶŝĨǇĂŐĂŝŶƐƚůŝĂďŝůŝƚǇĨŽƌŶĞŐůŝŐĞŶĐĞƌĞůĂƚŝǀĞƚŽ ĐŽŶƐƚƌƵĐƚŝŽŶ͕ĂůƚĞƌĂƚŝŽŶ͕ŝŵƉƌŽǀĞŵĞŶƚ͕ĞƚĐ͕͘ŽĨƐƚƌƵĐƚƵƌĞŽƌŝŵƉƌŽǀĞŵĞŶƚĂƚƚĂĐŚĞĚƚŽƌĞĂů ĞƐƚĂƚĞ͙ͿƚŚĞŶ͕ŝŶƚŚĞĞǀĞŶƚŽĨůŝĂďŝůŝƚǇĨŽƌĚĂŵĂŐĞƐĂƌŝƐŝŶŐŽƵƚŽĨďŽĚŝůǇŝŶũƵƌǇƚŽƉĞƌƐŽŶƐ ŽƌĚĂŵĂŐĞƐƚŽƉƌŽƉĞƌƚǇĐĂƵƐĞĚďǇŽƌƌĞƐƵůƚŝŶŐĨƌŽŵƚŚĞĐŽŶĐƵƌƌĞŶƚŶĞŐůŝŐĞŶĐĞŽĨƚŚĞ ĐŽŶƚƌĂĐƚŽƌĂŶĚƚŚĞŝƚǇ͕ŝƚƐŽĨĨŝĐĞƌƐ͕ŽĨĨŝĐŝĂůƐ͕ĞŵƉůŽǇĞĞƐĂŶĚǀŽůƵŶƚĞĞƌƐ͕ŽŶƚƌĂĐƚŽƌ͛Ɛ ůŝĂďŝůŝƚǇƐŚĂůůďĞŽŶůǇƚŽƚŚĞĞǆƚĞŶƚŽĨŽŶƚƌĂĐƚŽƌ͛ƐŶĞŐůŝŐĞŶĐĞ͘ /ƚŝƐĨƵƌƚŚĞƌƐƉĞĐŝĨŝĐĂůůǇĂŶĚĞǆƉƌĞƐƐůǇƵŶĚĞƌƐƚŽŽĚƚŚĂƚƚŚĞŝŶĚĞŵŶŝĨŝĐĂƚŝŽŶƉƌŽǀŝĚĞĚŝŶƚŚŝƐ ŐƌĞĞŵĞŶƚĐŽŶƐƚŝƚƵƚĞŽŶƚƌĂĐƚŽƌ͛ƐǁĂŝǀĞƌŽĨŝŵŵƵŶŝƚǇƵŶĚĞƌƚŚĞ/ŶĚƵƐƚƌŝĂů/ŶƐƵƌĂŶĐĞĐƚ͕ ZtdŝƚůĞϱϭ͕ƐŽůĞůǇĨŽƌƚŚĞƉƵƌƉŽƐĞƐŽĨƚŚŝƐŝŶĚĞŵŶŝĨŝĐĂƚŝŽŶ͘dŚĞWĂƌƚŝĞƐŚĂǀĞŵƵƚƵĂůůǇ ŶĞŐŽƚŝĂƚĞĚĂŶĚĂŐƌĞĞĚƚŽƚŚŝƐǁĂŝǀĞƌ͘dŚĞƉƌŽǀŝƐŝŽŶƐŽĨƚŚŝƐƐĞĐƚŝŽŶƐŚĂůůƐƵƌǀŝǀĞƚŚĞ ĞǆƉŝƌĂƚŝŽŶŽƌƚĞƌŵŝŶĂƚŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ ϵ͘/ŶƐƵƌĂŶĐĞ͗ŽŶƚƌĂĐƚŽƌƐŚĂůůƐĞĐƵƌĞĂŶĚŵĂŝŶƚĂŝŶ͗ ͘ ŽŵŵĞƌĐŝĂů ŐĞŶĞƌĂů ůŝĂďŝůŝƚǇ ŝŶƐƵƌĂŶĐĞ͕ ŝŶĐůƵĚŝŶŐ ŽŶƚƌĂĐƚŽƌƐ WŽůůƵƚŝŽŶ >ŝĂďŝůŝƚǇ ŝŶƐƵƌĂŶĐĞ ĐŽǀĞƌŝŶŐ ůŽƐƐĞƐ ĐĂƵƐĞĚ ďǇ ƉŽůůƵƚŝŽŶ ĐŽŶĚŝƚŝŽŶƐ ƚŚĂƚ ĂƌŝƐĞ ĨƌŽŵ ƚŚĞ W'ϱK&ϭϮ ŽƉĞƌĂƚŝŽŶƐŽĨƚŚĞŽŶƚƌĂĐƚŽƌ͕ŝŶƚŚĞŵŝŶŝŵƵŵĂŵŽƵŶƚƐŽĨΨϭ͕ϬϬϬ͕ϬϬϬĨŽƌĞĂĐŚ ŽĐĐƵƌƌĞŶĐĞͬΨϮ͕ϬϬϬ͕ϬϬϬĂŐŐƌĞŐĂƚĞĨŽƌƚŚĞdĞƌŵŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘ ͘ WƌŽĨĞƐƐŝŽŶĂůůŝĂďŝůŝƚǇŝŶƐƵƌĂŶĐĞ͕ŝŶƚŚĞŵŝŶŝŵƵŵĂŵŽƵŶƚŽĨΨϭ͕ϬϬϬ͕ϬϬϬĨŽƌĞĂĐŚ ŽĐĐƵƌƌĞŶĐĞ͕ƐŚĂůůĂůƐŽďĞƐĞĐƵƌĞĚĨŽƌĂŶǇƉƌŽĨĞƐƐŝŽŶĂůƐĞƌǀŝĐĞƐďĞŝŶŐƉƌŽǀŝĚĞĚƚŽ ƚŚĞŝƚǇƚŚĂƚĂƌĞĞǆĐůƵĚĞĚŝŶƚŚĞĐŽŵŵĞƌĐŝĂůŐĞŶĞƌĂůůŝĂďŝůŝƚǇŝŶƐƵƌĂŶĐĞ͘ ͘ tŽƌŬĞƌƐ͛ĐŽŵƉĞŶƐĂƚŝŽŶĐŽǀĞƌĂŐĞ͕ĂƐƌĞƋƵŝƌĞĚďǇƚŚĞ/ŶĚƵƐƚƌŝĂů/ŶƐƵƌĂŶĐĞůĂǁƐŽĨ ƚŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶ͕ƐŚĂůůĂůƐŽďĞƐĞĐƵƌĞĚ͘ ͘ ŽŵŵĞƌĐŝĂůƵƚŽŵŽďŝůĞ>ŝĂďŝůŝƚǇĨŽƌŽǁŶĞĚ͕ůĞĂƐĞĚ͕ŚŝƌĞĚŽƌŶŽŶͲŽǁŶĞĚ͕ůĞĂƐĞĚ͕ ŚŝƌĞĚŽƌŶŽŶͲŽǁŶĞĚ͕ǁŝƚŚŵŝŶŝŵƵŵůŝŵŝƚƐŽĨΨϭ͕ϬϬϬ͕ϬϬϬƉĞƌŽĐĐƵƌƌĞŶĐĞĐŽŵďŝŶĞĚ ƐŝŶŐůĞůŝŵŝƚ͕ŝĨƚŚĞƌĞǁŝůůďĞĂŶǇƵƐĞŽĨŽŶƐƵůƚĂŶƚ͛ƐǀĞŚŝĐůĞƐŽŶƚŚĞŝƚǇ͛ƐWƌĞŵŝƐĞƐ ďǇŽƌŽŶďĞŚĂůĨŽĨƚŚĞŝƚǇ͕ďĞǇŽŶĚŶŽƌŵĂůĐŽŵŵƵƚĞƐ ͘ /ƚŝƐĂŐƌĞĞĚƚŚĂƚŽŶŽŶƚƌĂĐƚŽƌ͛ƐĐŽŵŵĞƌĐŝĂůŐĞŶĞƌĂůůŝĂďŝůŝƚǇƉŽůŝĐǇ͕ƚŚĞŝƚǇŽĨ ZĞŶƚŽŶǁŝůůďĞŶĂŵĞĚĂƐĂŶĚĚŝƚŝŽŶĂů/ŶƐƵƌĞĚŽŶĂŶŽŶͲĐŽŶƚƌŝďƵƚŽƌǇƉƌŝŵĂƌǇ ďĂƐŝƐ͘dŚĞŝƚǇ͛ƐŝŶƐƵƌĂŶĐĞƉŽůŝĐŝĞƐƐŚĂůůŶŽƚďĞĂƐŽƵƌĐĞĨŽƌƉĂǇŵĞŶƚŽĨĂŶǇ ŽŶƚƌĂĐƚŽƌůŝĂďŝůŝƚǇ͘ &͘ ^ƵďũĞĐƚƚŽƚŚĞŝƚǇ͛ƐƌĞǀŝĞǁĂŶĚĂĐĐĞƉƚĂŶĐĞ͕ĂĐĞƌƚŝĨŝĐĂƚĞŽĨŝŶƐƵƌĂŶĐĞƐŚŽǁŝŶŐƚŚĞ ƉƌŽƉĞƌĞŶĚŽƌƐĞŵĞŶƚƐ͕ƐŚĂůůďĞĚĞůŝǀĞƌĞĚƚŽƚŚĞŝƚǇďĞĨŽƌĞĞǆĞĐƵƚŝŶŐƚŚĞǁŽƌŬŽĨ ƚŚŝƐŐƌĞĞŵĞŶƚ͘ '͘ ŽŶƚƌĂĐƚŽƌƐŚĂůůƉƌŽǀŝĚĞƚŚĞŝƚǇǁŝƚŚǁƌŝƚƚĞŶŶŽƚŝĐĞŽĨĂŶǇƉŽůŝĐǇĐĂŶĐĞůůĂƚŝŽŶ͕ ǁŝƚŚŝŶƚǁŽ;ϮͿďƵƐŝŶĞƐƐĚĂǇƐŽĨƚŚĞŝƌƌĞĐĞŝƉƚŽĨƐƵĐŚŶŽƚŝĐĞ͘ ,͘ ŽŶƚƌĂĐƚŽƌƐŚĂůůŝŶĐůƵĚĞĂůůƐƵďĐŽŶƚƌĂĐƚŽƌƐĂƐŝŶƐƵƌĞĚƐƵŶĚĞƌŝƚƐƉŽůŝĐŝĞƐŽƌƐŚĂůů ĨƵƌŶŝƐŚƐĞƉĂƌĂƚĞĐĞƌƚŝĨŝĐĂƚĞƐĂŶĚĞŶĚŽƌƐĞŵĞŶƚƐĨŽƌĞĂĐŚƐƵďĐŽŶƚƌĂĐƚŽƌ͘ůůĐŽǀĞƌĂŐĞĨŽƌ ƐƵďĐŽŶƚƌĂĐƚŽƌƐƐŚĂůůďĞƐƵďũĞĐƚƚŽƚŚĞƐĂŵĞŝŶƐƵƌĂŶĐĞƌĞƋƵŝƌĞŵĞŶƚƐĂƐƐƚĂƚĞĚŚĞƌĞŝŶĨŽƌ ŽŶƚƌĂĐƚŽƌ͘ /͘ĚĚŝƚŝŽŶĂů/ŶƐƵƌĂŶĐĞŝĨŵĂƌŬĞĚĂƐ͞ZĞƋƵŝƌĞĚ͟ďǇŝƚǇ͗ ϭ͘܆ZĞƋƵŝƌĞĚ͘ƵŝůĚĞƌƐZŝƐŬŝŶƐƵƌĂŶĐĞĐŽǀĞƌŝŶŐŝŶƚĞƌĞƐƚƐŽĨƚŚĞŝƚǇ͕ƚŚĞ ŽŶƚƌĂĐƚŽƌ͕^ƵďĐŽŶƚƌĂĐƚŽƌƐ͕ĂŶĚ^ƵďͲĐŽŶƚƌĂĐƚŽƌƐŝŶƚŚĞǁŽƌŬ͘ƵŝůĚĞƌƐZŝƐŬ ŝŶƐƵƌĂŶĐĞƐŚĂůůďĞŽŶĂƐƉĞĐŝĂůƉĞƌŝůƐƉŽůŝĐǇĨŽƌŵĂŶĚƐŚĂůůŝŶƐƵƌĞĂŐĂŝŶƐƚƚŚĞ ƉĞƌŝůƐŽĨĨŝƌĞĂŶĚĞǆƚĞŶĚĞĚĐŽǀĞƌĂŐĞĂŶĚƉŚǇƐŝĐĂůůŽƐƐŽƌĚĂŵĂŐĞŝŶĐůƵĚŝŶŐ ĨůŽŽĚ͕ĞĂƌƚŚƋƵĂŬĞ͕ƚŚĞĨƚ͕ǀĂŶĚĂůŝƐŵ͕ŵĂůŝĐŝŽƵƐŵŝƐĐŚŝĞĨ͕ĂŶĚĐŽůůĂƉƐĞ͘dŚĞ ƵŝůĚĞƌƐ ZŝƐŬ ŝŶƐƵƌĂŶĐĞ ƐŚĂůů ŝŶĐůƵĚĞ ĐŽǀĞƌĂŐĞ ĨŽƌ ƚĞŵƉŽƌĂƌǇ ďƵŝůĚŝŶŐƐ͕ ĚĞďƌŝƐƌĞŵŽǀĂůĂŶĚĚĂŵĂŐĞƚŽŵĂƚĞƌŝĂůƐŝŶƚƌĂŶƐŝƚŽƌƐƚŽƌĞĚŽĨĨͲƐŝƚĞ͘dŚŝƐ ƵŝůĚĞƌƐZŝƐŬŝŶƐƵƌĂŶĐĞĐŽǀĞƌŝŶŐƚŚĞǁŽƌŬǁŝůůŚĂǀĞĂĚĞĚƵĐƚŝďůĞŽĨΨϱ͕ϬϬϬ ĨŽƌĞĂĐŚŽĐĐƵƌƌĞŶĐĞ͕ǁŚŝĐŚǁŝůůďĞƚŚĞƌĞƐƉŽŶƐŝďŝůŝƚǇŽĨƚŚĞŽŶƚƌĂĐƚŽƌ͘ ,ŝŐŚĞƌĚĞĚƵĐƚŝďůĞƐĨŽƌĨůŽŽĚĂŶĚĞĂƌƚŚƋƵĂŬĞƉĞƌŝůƐŵĂǇďĞĂĐĐĞƉƚĞĚďǇƚŚĞ W'ϲK&ϭϮ ŝƚǇƵƉŽŶǁƌŝƚƚĞŶƌĞƋƵĞƐƚďǇƚŚĞŽŶƚƌĂĐƚŽƌĂŶĚǁƌŝƚƚĞŶĂĐĐĞƉƚĂŶĐĞďǇƚŚĞ ŝƚǇ͘ŶǇŝŶĐƌĞĂƐĞĚĚĞĚƵĐƚŝďůĞƐĂĐĐĞƉƚĞĚďǇƚŚĞŝƚǇǁŝůůƌĞŵĂŝŶ ƚŚĞ ƌĞƐƉŽŶƐŝďŝůŝƚǇ ŽĨ ƚŚĞ ŽŶƚƌĂĐƚŽƌ͘ dŚĞ ƵŝůĚĞƌƐ ZŝƐŬ ŝŶƐƵƌĂŶĐĞƐŚĂůů ďĞ ŵĂŝŶƚĂŝŶĞĚƵŶƚŝůĨŝŶĂůĂĐĐĞƉƚĂŶĐĞŽĨƚŚĞǁŽƌŬďǇƚŚĞŝƚǇ͘ Ϯ͘܆ ZĞƋƵŝƌĞĚ͘ ŽŶƚƌĂĐƚŽƌƐ WŽůůƵƚŝŽŶ >ŝĂďŝůŝƚǇ ŝŶƐƵƌĂŶĐĞ ĐŽǀĞƌŝŶŐůŽƐƐĞƐ ĐĂƵƐĞĚ ďǇ ƉŽůůƵƚŝŽŶ ĐŽŶĚŝƚŝŽŶƐ ƚŚĂƚ ĂƌŝƐĞ ĨƌŽŵ ƚŚĞ ŽƉĞƌĂƚŝŽŶƐ ŽĨ ƚŚĞ ŽŶƚƌĂĐƚŽƌ͘ŽŶƚƌĂĐƚŽƌƐWŽůůƵƚŝŽŶ>ŝĂďŝůŝƚǇŝŶƐƵƌĂŶĐĞƐŚĂůůďĞǁƌŝƚƚĞŶŝŶĂŶ ĂŵŽƵŶƚŽĨĂƚůĞĂƐƚΨϭ͕ϬϬϬ͕ϬϬϬƉĞƌůŽƐƐ͕ǁŝƚŚĂŶĂŶŶƵĂůĂŐŐƌĞŐĂƚĞŽĨĂƚůĞĂƐƚ Ψϭ͕ϬϬϬ͕ϬϬϬ͘ ŽŶƚƌĂĐƚŽƌƐ WŽůůƵƚŝŽŶ >ŝĂďŝůŝƚǇ ƐŚĂůů ĐŽǀĞƌ ďŽĚŝůǇŝŶũƵƌǇ͕ ƉƌŽƉĞƌƚǇĚĂŵĂŐĞ͕ĐůĞĂŶƵƉĐŽƐƚƐĂŶĚĚĞĨĞŶƐĞŝŶĐůƵĚŝŶŐĐŽƐƚƐĂŶĚĞǆƉĞŶƐĞƐ ŝŶĐƵƌƌĞĚŝŶƚŚĞŝŶǀĞƐƚŝŐĂƚŝŽŶ͕ĚĞĨĞŶƐĞ͕ŽƌƐĞƚƚůĞŵĞŶƚŽĨĐůĂŝŵƐ͘ /ĨƚŚĞŽŶƚƌĂĐƚŽƌƐWŽůůƵƚŝŽŶ>ŝĂďŝůŝƚǇŝŶƐƵƌĂŶĐĞŝƐǁƌŝƚƚĞŶŽŶĂĐůĂŝŵƐͲŵĂĚĞ ďĂƐŝƐ͕ ƚŚĞ ŽŶƚƌĂĐƚŽƌ ǁĂƌƌĂŶƚƐ ƚŚĂƚ ĂŶǇ ƌĞƚƌŽĂĐƚŝǀĞ ĚĂƚĞ ĂƉƉůŝĐĂďůĞ ƚŽ ĐŽǀĞƌĂŐĞƵŶĚĞƌƚŚĞƉŽůŝĐǇƉƌĞĐĞĚĞƐƚŚĞĞĨĨĞĐƚŝǀĞĚĂƚĞŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͖ ĂŶĚƚŚĂƚĐŽŶƚŝŶƵŽƵƐĐŽǀĞƌĂŐĞǁŝůůďĞŵĂŝŶƚĂŝŶĞĚŽƌĂŶĞǆƚĞŶĚĞĚĚŝƐĐŽǀĞƌǇ ƉĞƌŝŽĚǁŝůůďĞĞǆĞƌĐŝƐĞĚĨŽƌĂƉĞƌŝŽĚŽĨƚŚƌĞĞ;ϯͿǇĞĂƌƐďĞŐŝŶŶŝŶŐĨƌŽŵƚŚĞ ƚŝŵĞƚŚĂƚǁŽƌŬƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚŝƐĐŽŵƉůĞƚĞĚ͘ dŚĞŝƚǇƐŚĂůůďĞŶĂŵĞĚďǇĞŶĚŽƌƐĞŵĞŶƚĂƐĂŶĂĚĚŝƚŝŽŶĂůŝŶƐƵƌĞĚŽŶƚŚĞ ŽŶƚƌĂĐƚŽƌƐWŽůůƵƚŝŽŶ>ŝĂďŝůŝƚǇŝŶƐƵƌĂŶĐĞƉŽůŝĐǇ͘ /ĨƚŚĞƐĐŽƉĞŽĨƐĞƌǀŝĐĞƐĂƐĚĞĨŝŶĞĚŝŶƚŚŝƐŐƌĞĞŵĞŶƚŝŶĐůƵĚĞƐƚŚĞĚŝƐƉŽƐĂů ŽĨĂŶǇŚĂǌĂƌĚŽƵƐŵĂƚĞƌŝĂůƐĨƌŽŵƚŚĞũŽďƐŝƚĞ͕ƚŚĞŽŶƚƌĂĐƚŽƌŵƵƐƚĨƵƌŶŝƐŚ ƚŽ ƚŚĞ ŝƚǇ ĞǀŝĚĞŶĐĞ ŽĨ WŽůůƵƚŝŽŶ >ŝĂďŝůŝƚǇ ŝŶƐƵƌĂŶĐĞ ŵĂŝŶƚĂŝŶĞĚ ďǇ ƚŚĞ ĚŝƐƉŽƐĂůƐŝƚĞŽƉĞƌĂƚŽƌĨŽƌůŽƐƐĞƐĂƌŝƐŝŶŐĨƌŽŵƚŚĞŝŶƐƵƌĞĚĨĂĐŝůŝƚǇĂĐĐĞƉƚŝŶŐ ǁĂƐƚĞ ƵŶĚĞƌ ƚŚŝƐ ĐŽŶƚƌĂĐƚ ŐƌĞĞŵĞŶƚ͘ ŽǀĞƌĂŐĞ ĐĞƌƚŝĨŝĞĚ ƚŽ ƚŚĞWƵďůŝĐ ŶƚŝƚǇƵŶĚĞƌƚŚŝƐƉĂƌĂŐƌĂƉŚŵƵƐƚďĞŵĂŝŶƚĂŝŶĞĚŝŶŵŝŶŝŵƵŵĂŵŽƵŶƚƐŽĨ Ψϭ͕ϬϬϬ͕ϬϬϬƉĞƌůŽƐƐ͕ǁŝƚŚĂŶĂŶŶƵĂůĂŐŐƌĞŐĂƚĞŽĨĂƚůĞĂƐƚΨϭ͕ϬϬϬ͕ϬϬϬ͘ WŽůůƵƚŝŽŶ>ŝĂďŝůŝƚǇĐŽǀĞƌĂŐĞĂƚůĞĂƐƚĂƐďƌŽĂĚĂƐƚŚĂƚƉƌŽǀŝĚĞĚƵŶĚĞƌ/^K WŽůůƵƚŝŽŶ>ŝĂďŝůŝƚǇͲƌŽĂĚĞŶĞĚŽǀĞƌĂŐĞĨŽƌŽǀĞƌĞĚƵƚŽƐŶĚŽƌƐĞŵĞŶƚ ϵϵϰϴƐŚĂůůďĞƉƌŽǀŝĚĞĚĂŶĚƚŚĞDŽƚŽƌĂƌƌŝĞƌĐƚŶĚŽƌƐĞŵĞŶƚ;D^ϵϬͿ ƐŚĂůůďĞĂƚƚĂĐŚĞĚ͘ ϭϬ͘ŝƐĐƌŝŵŝŶĂƚŝŽŶWƌŽŚŝďŝƚĞĚ͗ǆĐĞƉƚƚŽƚŚĞĞǆƚĞŶƚƉĞƌŵŝƚƚĞĚďǇĂďŽŶĂĨŝĚĞŽĐĐƵƉĂƚŝŽŶĂů ƋƵĂůŝĨŝĐĂƚŝŽŶ͕ƚŚĞŽŶƚƌĂĐƚŽƌĂŐƌĞĞƐĂƐĨŽůůŽǁƐ͗ ͘ ŽŶƚƌĂĐƚŽƌ͕ĂŶĚŽŶƚƌĂĐƚŽƌ͛ƐĂŐĞŶƚƐ͕ĞŵƉůŽǇĞĞƐ͕ƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐ͕ĂŶĚǀŽůƵŶƚĞĞƌƐ ǁŝƚŚƌĞŐĂƌĚƚŽƚŚĞtŽƌŬƉĞƌĨŽƌŵĞĚŽƌƚŽďĞƉĞƌĨŽƌŵĞĚƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚ͕ ƐŚĂůůŶŽƚĚŝƐĐƌŝŵŝŶĂƚĞŽŶƚŚĞďĂƐŝƐŽĨƌĂĐĞ͕ĐŽůŽƌ͕ƐĞǆ͕ƌĞůŝŐŝŽŶ͕ŶĂƚŝŽŶĂůŝƚǇ͕ĐƌĞĞĚ͕ W'ϳK&ϭϮ ŵĂƌŝƚĂůƐƚĂƚƵƐ͕ƐĞǆƵĂůŽƌŝĞŶƚĂƚŝŽŶŽƌƉƌĞĨĞƌĞŶĐĞ͕ĂŐĞ;ĞǆĐĞƉƚŵŝŶŝŵƵŵĂŐĞĂŶĚ ƌĞƚŝƌĞŵĞŶƚƉƌŽǀŝƐŝŽŶƐͿ͕ŚŽŶŽƌĂďůǇĚŝƐĐŚĂƌŐĞĚǀĞƚĞƌĂŶŽƌŵŝůŝƚĂƌǇƐƚĂƚƵƐ͕ŽƌƚŚĞ ƉƌĞƐĞŶĐĞŽĨĂŶǇƐĞŶƐŽƌǇ͕ŵĞŶƚĂůŽƌƉŚǇƐŝĐĂůŚĂŶĚŝĐĂƉ͕ƵŶůĞƐƐďĂƐĞĚƵƉŽŶĂďŽŶĂ ĨŝĚĞ ŽĐĐƵƉĂƚŝŽŶĂů ƋƵĂůŝĨŝĐĂƚŝŽŶ ŝŶ ƌĞůĂƚŝŽŶƐŚŝƉ ƚŽ ŚŝƌŝŶŐ ĂŶĚ ĞŵƉůŽǇŵĞŶƚ͕ ŝŶ ĞŵƉůŽǇŵĞŶƚŽƌĂƉƉůŝĐĂƚŝŽŶĨŽƌĞŵƉůŽǇŵĞŶƚ͕ƚŚĞĂĚŵŝŶŝƐƚƌĂƚŝŽŶŽĨƚŚĞĚĞůŝǀĞƌǇŽĨ tŽƌŬŽƌĂŶǇŽƚŚĞƌďĞŶĞĨŝƚƐƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚ͕ŽƌƉƌŽĐƵƌĞŵĞŶƚŽĨŵĂƚĞƌŝĂůƐŽƌ ƐƵƉƉůŝĞƐ͘ ͘ dŚĞŽŶƚƌĂĐƚŽƌǁŝůůƚĂŬĞĂĨĨŝƌŵĂƚŝǀĞĂĐƚŝŽŶƚŽŝŶƐƵƌĞƚŚĂƚĂƉƉůŝĐĂŶƚƐĂƌĞĞŵƉůŽǇĞĚ ĂŶĚƚŚĂƚĞŵƉůŽǇĞĞƐĂƌĞƚƌĞĂƚĞĚĚƵƌŝŶŐĞŵƉůŽǇŵĞŶƚǁŝƚŚŽƵƚƌĞŐĂƌĚƚŽƚŚĞŝƌƌĂĐĞ͕ ĐƌĞĞĚ͕ ĐŽůŽƌ͕ ŶĂƚŝŽŶĂů ŽƌŝŐŝŶ͕ ƐĞǆ͕ ĂŐĞ͕ ƐĞǆƵĂů ŽƌŝĞŶƚĂƚŝŽŶ͕ ƉŚǇƐŝĐĂů͕ ƐĞŶƐŽƌǇ Žƌ ŵĞŶƚĂůŚĂŶĚŝĐĂƉƐ͕ŽƌŵĂƌŝƚĂůƐƚĂƚƵƐ͘^ƵĐŚĂĐƚŝŽŶƐŚĂůůŝŶĐůƵĚĞ͕ďƵƚŶŽƚďĞůŝŵŝƚĞĚ ƚŽƚŚĞĨŽůůŽǁŝŶŐĞŵƉůŽǇŵĞŶƚ͕ƵƉŐƌĂĚŝŶŐ͕ĚĞŵŽƚŝŽŶŽƌƚƌĂŶƐĨĞƌ͕ƌĞĐƌƵŝƚŵĞŶƚŽƌ ƌĞĐƌƵŝƚŵĞŶƚ ĂĚǀĞƌƚŝƐŝŶŐ͕ ůĂǇŽĨĨ Žƌ ƚĞƌŵŝŶĂƚŝŽŶ͕ ƌĂƚĞƐ ŽĨ ƉĂǇ ŽƌŽƚŚĞƌĨŽƌŵƐŽĨ ĐŽŵƉĞŶƐĂƚŝŽŶĂŶĚƐĞůĞĐƚŝŽŶĨŽƌƚƌĂŝŶŝŶŐ͘ ͘ /ĨŽŶƚƌĂĐƚŽƌĨĂŝůƐƚŽĐŽŵƉůǇǁŝƚŚĂŶǇŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͛ƐŶŽŶͲĚŝƐĐƌŝŵŝŶĂƚŝŽŶ ƉƌŽǀŝƐŝŽŶƐ͕ƚŚĞŝƚǇƐŚĂůůŚĂǀĞƚŚĞƌŝŐŚƚ͕ĂƚŝƚƐŽƉƚŝŽŶ͕ƚŽĐĂŶĐĞůƚŚĞŐƌĞĞŵĞŶƚŝŶ ǁŚŽůĞŽƌŝŶƉĂƌƚ͘ ͘ ŽŶƚƌĂĐƚŽƌŝƐƌĞƐƉŽŶƐŝďůĞƚŽďĞĂǁĂƌĞŽĨĂŶĚŝŶĐŽŵƉůŝĂŶĐĞǁŝƚŚĂůůĨĞĚĞƌĂů͕ƐƚĂƚĞ ĂŶĚůŽĐĂůůĂǁƐĂŶĚƌĞŐƵůĂƚŝŽŶƐƚŚĂƚŵĂǇĂĨĨĞĐƚƚŚĞƐĂƚŝƐĨĂĐƚŽƌǇĐŽŵƉůĞƚŝŽŶŽĨƚŚĞ ƉƌŽũĞĐƚ͕ ǁŚŝĐŚ ŝŶĐůƵĚĞƐ ďƵƚ ŝƐ ŶŽƚ ůŝŵŝƚĞĚ ƚŽ ĨĂŝƌ ůĂďŽƌ ůĂǁƐ ĂŶĚ ǁŽƌŬĞƌΖƐ ĐŽŵƉĞŶƐĂƚŝŽŶ͘ ϭϭ͘/ŶĚĞƉĞŶĚĞŶƚŽŶƚƌĂĐƚŽƌ͗ŽŶƚƌĂĐƚŽƌ͛ƐĞŵƉůŽǇĞĞƐ͕ǁŚŝůĞĞŶŐĂŐĞĚŝŶƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨ ĂŶǇŽĨŽŶƚƌĂĐƚŽƌ͛ƐtŽƌŬƵŶĚĞƌƚŚŝƐŐƌĞĞŵĞŶƚ͕ƐŚĂůůďĞĐŽŶƐŝĚĞƌĞĚĞŵƉůŽǇĞĞƐŽĨƚŚĞ ŽŶƚƌĂĐƚŽƌĂŶĚŶŽƚĞŵƉůŽǇĞĞƐ͕ĂŐĞŶƚƐ͕ƌĞƉƌĞƐĞŶƚĂƚŝǀĞƐŽĨƚŚĞŝƚǇĂŶĚĂƐĂƌĞƐƵůƚ͕ƐŚĂůů ŶŽƚďĞĞŶƚŝƚůĞĚƚŽĂŶǇĐŽǀĞƌĂŐĞŽƌďĞŶĞĨŝƚƐĨƌŽŵƚŚĞŝƚǇŽĨZĞŶƚŽŶ͘ŽŶƚƌĂĐƚŽƌ͛ƐƌĞůĂƚŝŽŶ ƚŽƚŚĞŝƚǇƐŚĂůůďĞĂƚĂůůƚŝŵĞƐĂƐĂŶŝŶĚĞƉĞŶĚĞŶƚĐŽŶƚƌĂĐƚŽƌ͘ŶǇĂŶĚĂůůtŽƌŬŵĂŶ͛Ɛ ŽŵƉĞŶƐĂƚŝŽŶĐƚĐůĂŝŵƐŽŶďĞŚĂůĨŽĨŽŶƚƌĂĐƚŽƌĞŵƉůŽǇĞĞƐ͕ĂŶĚĂŶǇĂŶĚĂůůĐůĂŝŵƐŵĂĚĞ ďǇ Ă ƚŚŝƌĚͲƉĂƌƚǇ ĂƐ Ă ĐŽŶƐĞƋƵĞŶĐĞ ŽĨ ĂŶǇ ŶĞŐůŝŐĞŶƚ ĂĐƚ Žƌ ŽŵŝƐƐŝŽŶ ŽŶ ƚŚĞ ƉĂƌƚ ŽĨ ŽŶƚƌĂĐƚŽƌ͛Ɛ ĞŵƉůŽǇĞĞƐ͕ ǁŚŝůĞ ĞŶŐĂŐĞĚ ŝŶ tŽƌŬ ƉƌŽǀŝĚĞĚ ƚŽ ďĞ ƌĞŶĚĞƌĞĚ ƵŶĚĞƌ ƚŚŝƐ ŐƌĞĞŵĞŶƚ͕ƐŚĂůůďĞƚŚĞƐŽůĞůǇŽŶƚƌĂĐƚŽƌ͛ƐŽďůŝŐĂƚŝŽŶĂŶĚƌĞƐƉŽŶƐŝďŝůŝƚǇ͘ ϭϮ͘ŝƚǇŽĨZĞŶƚŽŶƵƐŝŶĞƐƐ>ŝĐĞŶƐĞ͗dŚĞŽŶƚƌĂĐƚŽƌƐŚĂůůŽďƚĂŝŶĂŝƚǇŽĨZĞŶƚŽŶƵƐŝŶĞƐƐ >ŝĐĞŶƐĞƉƌŝŽƌƚŽƉĞƌĨŽƌŵŝŶŐĂŶǇtŽƌŬĂŶĚŵĂŝŶƚĂŝŶƚŚĞďƵƐŝŶĞƐƐůŝĐĞŶƐĞŝŶŐŽŽĚƐƚĂŶĚŝŶŐ ƚŚƌŽƵŐŚŽƵƚƚŚĞƚĞƌŵŽĨƚŚŝƐĂŐƌĞĞŵĞŶƚǁŝƚŚƚŚĞŝƚǇ͘ /ŶĨŽƌŵĂƚŝŽŶƌĞŐĂƌĚŝŶŐĂĐƋƵŝƌŝŶŐĂĐŝƚǇďƵƐŝŶĞƐƐůŝĐĞŶƐĞĐĂŶďĞĨŽƵŶĚĂƚ͗ ŚƚƚƉƐ͗ͬͬǁǁǁ͘ƌĞŶƚŽŶǁĂ͘ŐŽǀͬŝƚǇͲ^ĞƌǀŝĐĞƐͬƵƐŝŶĞƐƐͲZĞƐŽƵƌĐĞƐͬƵƐŝŶĞƐƐͲ>ŝĐĞŶƐĞƐ W'ϴK&ϭϮ /ŶĨŽƌŵĂƚŝŽŶƌĞŐĂƌĚŝŶŐ^ƚĂƚĞďƵƐŝŶĞƐƐůŝĐĞŶƐŝŶŐƌĞƋƵŝƌĞŵĞŶƚƐĐĂŶďĞĨŽƵŶĚĂƚ͗ ŚƚƚƉ͗ͬͬĚŽƌ͘ǁĂ͘ŐŽǀͬĚŽŝŶŐͲďƵƐŝŶĞƐƐͬƌĞŐŝƐƚĞƌͲŵǇͲďƵƐŝŶĞƐƐ ϭϯ͘ZĞĐŽƌĚ<ĞĞƉŝŶŐĂŶĚZĞƉŽƌƚŝŶŐ͗ŽŶƚƌĂĐƚŽƌƐŚĂůůŵĂŝŶƚĂŝŶĂĐĐŽƵŶƚƐĂŶĚƌĞĐŽƌĚƐ͕ǁŚŝĐŚ ƉƌŽƉĞƌůǇ ƌĞĨůĞĐƚ Ăůů ĚŝƌĞĐƚ ĂŶĚ ŝŶĚŝƌĞĐƚ ĐŽƐƚƐ ĞǆƉĞŶĚĞĚ ĂŶĚ tŽƌŬ ƉƌŽǀŝĚĞĚ ŝŶ ƚŚĞ ƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͘dŚĞŽŶƚƌĂĐƚŽƌĂŐƌĞĞƐƚŽƉƌŽǀŝĚĞĂĐĐĞƐƐƚŽĂŶĚĐŽƉŝĞƐŽĨ ĂŶǇƌĞĐŽƌĚƐƌĞůĂƚĞĚƚŽƚŚŝƐŐƌĞĞŵĞŶƚĂƐƌĞƋƵŝƌĞĚďǇƚŚĞŝƚǇƚŽĂƵĚŝƚĞǆƉĞŶĚŝƚƵƌĞƐĂŶĚ ĐŚĂƌŐĞƐĂŶĚͬŽƌƚŽĐŽŵƉůǇǁŝƚŚƚŚĞtĂƐŚŝŶŐƚŽŶ^ƚĂƚĞWƵďůŝĐZĞĐŽƌĚƐĐƚ;ŚĂƉƚĞƌϰϮ͘ϱϲ ZtͿ͘ ϭϰ͘WƵďůŝĐZĞĐŽƌĚƐŽŵƉůŝĂŶĐĞ͘dŽƚŚĞĨƵůůĞǆƚĞŶƚƚŚĞŝƚǇĚĞƚĞƌŵŝŶĞƐŶĞĐĞƐƐĂƌǇƚŽĐŽŵƉůǇ ǁŝƚŚƚŚĞtĂƐŚŝŶŐƚŽŶ^ƚĂƚĞWƵďůŝĐZĞĐŽƌĚƐĐƚ͕ŽŶƚƌĂĐƚŽƌƐŚĂůůŵĂŬĞĂĚƵĞĚŝůŝŐĞŶƚƐĞĂƌĐŚ ŽĨĂůůƌĞĐŽƌĚƐŝŶŝƚƐƉŽƐƐĞƐƐŝŽŶ͕ŝŶĐůƵĚŝŶŐ͕ďƵƚŶŽƚůŝŵŝƚĞĚƚŽ͕ĞͲŵĂŝů͕ĐŽƌƌĞƐƉŽŶĚĞŶĐĞ͕ ŶŽƚĞƐ͕ƐĂǀĞĚƚĞůĞƉŚŽŶĞŵĞƐƐĂŐĞƐ͕ƌĞĐŽƌĚŝŶŐƐ͕ƉŚŽƚŽƐ͕ŽƌĚƌĂǁŝŶŐƐĂŶĚƉƌŽǀŝĚĞƚŚĞŵƚŽ ƚŚĞŝƚǇĨŽƌƉƌŽĚƵĐƚŝŽŶ͘/ŶƚŚĞĞǀĞŶƚŽŶƚƌĂĐƚŽƌďĞůŝĞǀĞƐƐĂŝĚƌĞĐŽƌĚƐŶĞĞĚƚŽďĞƉƌŽƚĞĐƚĞĚ ĨƌŽŵĚŝƐĐůŽƐƵƌĞ͕ŝƚƐŚĂůů͕ĂƚŽŶƚƌĂĐƚŽƌ͛ƐŽǁŶĞǆƉĞŶƐĞ͕ƐĞĞŬũƵĚŝĐŝĂůƉƌŽƚĞĐƚŝŽŶ͘ŽŶƚƌĂĐƚŽƌ ƐŚĂůůŝŶĚĞŵŶŝĨǇ͕ĚĞĨĞŶĚ͕ĂŶĚŚŽůĚŚĂƌŵůĞƐƐƚŚĞŝƚǇĨŽƌĂůůĐŽƐƚƐ͕ŝŶĐůƵĚŝŶŐĂƚƚŽƌŶĞǇƐ͛ĨĞĞƐ͕ ĂƚƚĞŶĚĂŶƚƚŽĂŶǇĐůĂŝŵŽƌůŝƚŝŐĂƚŝŽŶƌĞůĂƚĞĚƚŽĂWƵďůŝĐZĞĐŽƌĚƐĐƚƌĞƋƵĞƐƚĨŽƌǁŚŝĐŚ ŽŶƚƌĂĐƚŽƌŚĂƐ ƌĞƐƉŽŶƐŝǀĞ ƌĞĐŽƌĚƐ ĂŶĚĨŽƌ ǁŚŝĐŚ ŽŶƚƌĂĐƚŽƌŚĂƐǁŝƚŚŚĞůĚ ƌĞĐŽƌĚƐŽƌ ŝŶĨŽƌŵĂƚŝŽŶĐŽŶƚĂŝŶĞĚƚŚĞƌĞŝŶ͕ŽƌŶŽƚƉƌŽǀŝĚĞĚƚŚĞŵƚŽƚŚĞŝƚǇŝŶĂƚŝŵĞůǇŵĂŶŶĞƌ͘ ŽŶƚƌĂĐƚŽƌƐŚĂůůƉƌŽĚƵĐĞĨŽƌĚŝƐƚƌŝďƵƚŝŽŶĂŶǇĂŶĚĂůůƌĞĐŽƌĚƐƌĞƐƉŽŶƐŝǀĞƚŽƚŚĞWƵďůŝĐ ZĞĐŽƌĚƐĐƚƌĞƋƵĞƐƚŝŶĂƚŝŵĞůǇŵĂŶŶĞƌ͕ƵŶůĞƐƐƚŚŽƐĞƌĞĐŽƌĚƐĂƌĞƉƌŽƚĞĐƚĞĚďǇĐŽƵƌƚŽƌĚĞƌ͘ ϭϱ͘KƚŚĞƌWƌŽǀŝƐŝŽŶƐ͗ ͘ĚŵŝŶŝƐƚƌĂƚŝŽŶĂŶĚEŽƚŝĐĞƐ͘ĂĐŚŝŶĚŝǀŝĚƵĂůĞǆĞĐƵƚŝŶŐƚŚŝƐŐƌĞĞŵĞŶƚŽŶďĞŚĂůĨ ŽĨƚŚĞŝƚǇĂŶĚŽŶƚƌĂĐƚŽƌƌĞƉƌĞƐĞŶƚƐĂŶĚǁĂƌƌĂŶƚƐƚŚĂƚƐƵĐŚŝŶĚŝǀŝĚƵĂůƐĂƌĞĚƵůǇ ĂƵƚŚŽƌŝǌĞĚ ƚŽ ĞǆĞĐƵƚĞ ĂŶĚ ĚĞůŝǀĞƌ ƚŚŝƐ ŐƌĞĞŵĞŶƚ ŽŶ ďĞŚĂůĨ ŽĨ ƚŚĞ ŝƚǇ Žƌ ŽŶƚƌĂĐƚŽƌ͘ EŽƚŝĐĞ͗ǆĐĞƉƚĨŽƌ^ĞƌǀŝĐĞŽĨWƌŽĐĞƐƐŝŶĂůĞŐĂůƉƌŽĐĞĞĚŝŶŐ͕ĂŶǇŶŽƚŝĐĞƐƌĞƋƵŝƌĞĚƚŽ ďĞŐŝǀĞŶďǇƚŚĞWĂƌƚŝĞƐƐŚĂůůďĞĚĞůŝǀĞƌĞĚĂƚƚŚĞĂĚĚƌĞƐƐĞƐƐĞƚĨŽƌƚŚďĞůŽǁ͘ŶǇ ŶŽƚŝĐĞƐŵĂǇďĞĚĞůŝǀĞƌĞĚƉĞƌƐŽŶĂůůǇƚŽƚŚĞĂĚĚƌĞƐƐĞĞŽĨƚŚĞŶŽƚŝĐĞŽƌŵĂǇďĞ ĚĞƉŽƐŝƚĞĚŝŶƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐŵĂŝů͕ƉŽƐƚĂŐĞƉƌĞƉĂŝĚ͕ƚŽƚŚĞĂĚĚƌĞƐƐƐĞƚĨŽƌƚŚ ďĞůŽǁ͘ŶǇŶŽƚŝĐĞƐŽƉŽƐƚĞĚŝŶƚŚĞhŶŝƚĞĚ^ƚĂƚĞƐŵĂŝůƐŚĂůůďĞĚĞĞŵĞĚƌĞĐĞŝǀĞĚ ƚŚƌĞĞ;ϯͿĐĂůĞŶĚĂƌĚĂǇƐĂĨƚĞƌƚŚĞĚĂƚĞŽĨŵĂŝůŝŶŐ͘ŵĂŝůŶŽƚŝĐĞǁŝůůďĞĚĞĞŵĞĚ ƌĞĐĞŝǀĞĚƚŚĞĚĂƚĞŽĨƚŚĞĞŵĂŝůƐŽůŽŶŐĂƐƐĞŶƚďĞĨŽƌĞϭϮ͗ϬϬŶŽŽŶŽŶĂďƵƐŝŶĞƐƐĚĂǇ͕ ŝĨĂĨƚĞƌϭϮ͗ϬϬEŽŽŶŝƚǁŝůůďĞĚĞĞŵĞĚƌĞĐĞŝǀĞĚƚŚĞŶĞǆƚďƵƐŝŶĞƐƐĚĂǇʹĂĐŽƉǇŽĨ ĞŵĂŝů ŶŽƚŝĐĞ ŵƵƐƚ ďĞ ŵĂŝůĞĚ ĂƐ ƐĞƚ ĨŽƌƚŚ ĂďŽǀĞ͘ dŚŝƐ ŐƌĞĞŵĞŶƚƐŚĂůů ďĞ ĂĚŵŝŶŝƐƚĞƌĞĚďǇĂŶĚĂŶǇŶŽƚŝĐĞƐƐŚŽƵůĚďĞƐĞŶƚƚŽƚŚĞƵŶĚĞƌƐŝŐŶĞĚŝŶĚŝǀŝĚƵĂůƐŽƌ ƚŚĞŝƌĚĞƐŝŐŶĞĞƐ͘ W'ϵK&ϭϮ /dzK&ZEdKE ŵŵĂŽŶůĞǇ͕W ϭϬϱϱ^ŽƵƚŚ'ƌĂĚǇtĂǇ ZĞŶƚŽŶ͕tϵϴϬϱϳ WŚŽŶĞ͗;ϰϮϱͿϳϱϳͲϲϴϬϳ ĞĐŽŶůĞǇΛƌĞŶƚŽŶǁĂ͘ŐŽǀ KEdZdKZ ŽƵŐEĞůƐŽŶ WĂƌŬƐŽŶƐƵůƚĂŶƚʹ^ŽƵƚŚǁĞƐƚ tĂƐŚŝŶŐƚŽŶ W͘KŽǆϮϰϭϬ/ƐƐĂƋƵĂŚ͕tϵϴϬϮϳ WŚŽŶĞ͗;ϰϮϱͿϯϭϯͲϵϭϲϭ ĚŽƵŐΛŶǁƉůĂǇŐƌŽƵŶĚ͘ĐŽŵ ŶĚƚŽ͗ ŝƚǇůĞƌŬ ĐŝƚǇĐůĞƌŬΛƌĞŶƚŽŶǁĂ͘ŐŽǀ ͘ ŵĞŶĚŵĞŶƚĂŶĚDŽĚŝĨŝĐĂƚŝŽŶ͘dŚŝƐŐƌĞĞŵĞŶƚŵĂǇďĞĂŵĞŶĚĞĚŽŶůǇďǇĂŶ ŝŶƐƚƌƵŵĞŶƚŝŶǁƌŝƚŝŶŐ͕ĚƵůǇĞǆĞĐƵƚĞĚďǇďŽƚŚWĂƌƚŝĞƐ͘ ͘ƐƐŝŐŶŵĞŶƚ ĂŶĚ ^ƵďĐŽŶƚƌĂĐƚ͘ ŽŶƚƌĂĐƚŽƌ ƐŚĂůů ŶŽƚ ĂƐƐŝŐŶ Žƌ ƐƵďĐŽŶƚƌĂĐƚ ĂŶǇ 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 W'ϭϬK&ϭϮ ŽŶƚƌĂĐƚŽƌŚĞƌĞďǇĞǆƉƌĞƐƐůǇĐŽŶƐĞŶƚƐƚŽƚŚĞƉĞƌƐŽŶĂůĂŶĚĞǆĐůƵƐŝǀĞũƵƌŝƐĚŝĐƚŝŽŶ ĂŶĚǀĞŶƵĞŽĨƐƵĐŚĐŽƵƌƚĞǀĞŶŝĨŽŶƚƌĂĐƚŽƌŝƐĂĨŽƌĞŝŐŶĐŽƌƉŽƌĂƚŝŽŶŶŽƚƌĞŐŝƐƚĞƌĞĚ ǁŝƚŚƚŚĞ^ƚĂƚĞŽĨtĂƐŚŝŶŐƚŽŶ͘ /͘^ĞǀĞƌĂďŝůŝƚǇ͘ĐŽƵƌƚŽĨĐŽŵƉĞƚĞŶƚũƵƌŝƐĚŝĐƚŝŽŶ͛ƐĚĞƚĞƌŵŝŶĂƚŝŽŶƚŚĂƚĂŶǇƉƌŽǀŝƐŝŽŶ ŽƌƉĂƌƚŽĨƚŚŝƐŐƌĞĞŵĞŶƚŝƐŝůůĞŐĂůŽƌƵŶĞŶĨŽƌĐĞĂďůĞƐŚĂůůŶŽƚĐĂŶĐĞůŽƌŝŶǀĂůŝĚĂƚĞ ƚŚĞƌĞŵĂŝŶĚĞƌŽĨƚŚŝƐŐƌĞĞŵĞŶƚ͕ǁŚŝĐŚƐŚĂůůƌĞŵĂŝŶŝŶĨƵůůĨŽƌĐĞĂŶĚĞĨĨĞĐƚ͘ :^ŽůĞĂŶĚŶƚŝƌĞŐƌĞĞŵĞŶƚ͘dŚŝƐŐƌĞĞŵĞŶƚĐŽŶƚĂŝŶƐƚŚĞĞŶƚŝƌĞĂŐƌĞĞŵĞŶƚŽĨƚŚĞ WĂƌƚŝĞƐĂŶĚĂŶǇƌĞƉƌĞƐĞŶƚĂƚŝŽŶƐŽƌƵŶĚĞƌƐƚĂŶĚŝŶŐƐ͕ǁŚĞƚŚĞƌŽƌĂůŽƌǁƌŝƚƚĞŶ͕ŶŽƚ ŝŶĐŽƌƉŽƌĂƚĞĚĂƌĞĞǆĐůƵĚĞĚ͘ <͘dŚŝƌĚͲWĂƌƚǇĞŶĞĨŝĐŝĂƌŝĞƐ͘EŽƚŚŝŶŐŝŶƚŚŝƐŐƌĞĞŵĞŶƚŝƐŝŶƚĞŶĚĞĚƚŽ͕ŶŽƌƐŚĂůůďĞ ĐŽŶƐƚƌƵĞĚƚŽŐŝǀĞĂŶǇƌŝŐŚƚƐŽƌďĞŶĞĨŝƚƐŝŶƚŚĞŐƌĞĞŵĞŶƚƚŽĂŶǇŽŶĞŽƚŚĞƌƚŚĂŶƚŚĞ WĂƌƚŝĞƐ͕ĂŶĚĂůůĚƵƚŝĞƐĂŶĚƌĞƐƉŽŶƐŝďŝůŝƚŝĞƐƵŶĚĞƌƚĂŬĞŶƉƵƌƐƵĂŶƚƚŽƚŚŝƐŐƌĞĞŵĞŶƚ ǁŝůůďĞĨŽƌƚŚĞƐŽůĞĂŶĚĞǆĐůƵƐŝǀĞďĞŶĞĨŝƚŽĨƚŚĞWĂƌƚŝĞƐĂŶĚŶŽŽŶĞĞůƐĞ͘ >͘tĂŝǀĞƌƐ͘ůůǁĂŝǀĞƌƐƐŚĂůůďĞŝŶǁƌŝƚŝŶŐĂŶĚƐŝŐŶĞĚďǇƚŚĞǁĂŝǀŝŶŐƉĂƌƚǇ͘ŝƚŚĞƌ ƉĂƌƚǇ͛ƐĨĂŝůƵƌĞƚŽĞŶĨŽƌĐĞĂŶǇƉƌŽǀŝƐŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůŶŽƚďĞĂǁĂŝǀĞƌĂŶĚ ƐŚĂůůŶŽƚƉƌĞǀĞŶƚĞŝƚŚĞƌdŚĞŝƚǇŽƌŽŶƚƌĂĐƚŽƌĨƌŽŵĞŶĨŽƌĐŝŶŐƚŚĂƚƉƌŽǀŝƐŝŽŶŽƌĂŶǇ ŽƚŚĞƌƉƌŽǀŝƐŝŽŶŽĨƚŚŝƐŐƌĞĞŵĞŶƚŝŶƚŚĞĨƵƚƵƌĞ͘tĂŝǀĞƌŽĨďƌĞĂĐŚŽĨĂŶǇƉƌŽǀŝƐŝŽŶ ŽĨƚŚŝƐŐƌĞĞŵĞŶƚƐŚĂůůŶŽƚďĞĚĞĞŵĞĚƚŽďĞĂǁĂŝǀĞƌŽĨĂŶǇƉƌŝŽƌŽƌƐƵďƐĞƋƵĞŶƚ ďƌĞĂĐŚƵŶůĞƐƐŝƚŝƐĞǆƉƌĞƐƐůǇǁĂŝǀĞĚŝŶǁƌŝƚŝŶŐ͘ /Et/dE^^t,ZK&͕ƚŚĞWĂƌƚŝĞƐŚĂǀĞǀŽůƵŶƚĂƌŝůǇĞŶƚĞƌĞĚŝŶƚŽƚŚŝƐŐƌĞĞŵĞŶƚĂƐŽĨĨĨĞĐƚŝǀĞ ĂƚĞĂďŽǀĞ͘ /dzK&ZEdKE Ǉ͗ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ ƌŵŽŶĚŽWĂǀŽŶĞ DĂǇŽƌ͕ŝƚǇŽĨZĞŶƚŽŶ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ ĂƚĞ KEdZdKZ Ǉ͗ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ ŚƌŝƐDĐ'ĂƌǀĞǇ͕WƌĞƐŝĚĞŶƚ W͘KŽǆϮϰϭϬ /ƐƐĂƋƵĂŚ͕tϵϴϬϮϳ ĂƚĞ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ ŝD' W ŝĚ January 26th, 20262/11/2026 W'ϭϭK&ϭϮ ƚƚĞƐƚ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ :ĂƐŽŶ͘^ĞƚŚ ŝƚǇůĞƌŬ ƉƉƌŽǀĞĚĂƐƚŽ>ĞŐĂů&Žƌŵ ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ ŚĞƌǇů>͘ĞǇĞƌ ^ĞŶŝŽƌƐƐŝƐƚĂŶƚŝƚǇƚƚŽƌŶĞǇ E^ĐůďϭϭͲϱͲϮϱ;ϯϲϮϴͿ Approved to legal form by Cheryl Beyer via email 1/26/2026 W'ϭϮK&ϭϮ ǆŚŝďŝƚ Northwest Playground Equipment, Inc. PO Box 2410, Issaquah, WA 98027-0109 Phone (425) 313-9161 FAX (425) 642-8117 Email: sales@nwplayground.com Thank you for considering Northwest Playground Equipment, Inc for your Park, Playground, Shelter and Sports Equipment requirements Page 1 of 5 QUOTE Quote # AM-172026-00013369 Quote Name: Legacy Square - IHD_444_25BR1 R1 Date: 01-07-2026 Bill To: Renton, City of Attn: Accounts Payable 1055 S. Grady Way Renton, WA 98057 Ship To: Renton, City of Attn: Accounts Payable 1055 S. Grady Way Renton, WA 98057 Site Address: 528 S 3rd St Renton, WA 98057 Name: Email: Emma Conley econley@rentonwa.gov Phone: Cell: 425-430-6850 425-757-6807 Item # Qty Description Price Total Price EQUIPMENT Earthscape Play F00602 1 Slide Platform 900 (Plastic Slide) $30,600.00 $30,600.00 IHD - Earthscape - Custom 1 Swell - Small $29,000.00 $29,000.00 F00208 1 Log Pile 6.1 $18,075.00 $18,075.00 Earthscape - Custom 1 Staining for all Earthscape Structures COLOR TO BE FINALIZED $11,840.00 $11,840.00 Earthscape - Custom 1 Custom Surfboard $16,330.00 $16,330.00 F00396/F0039 7/F00398 2 Bog Stilt $3,475.00 $6,950.00 F00401 3 Log Stepper 450 $475.00 $1,425.00 F00400 2 Log Stepper 300 $425.00 $850.00 No Fault NoFault Pour In Place 1 Poured-In-Place Rubber Surfacing. Provide & install 2,248 Square Feet of Pour In Place safety surfacing. Wear Layer to be a Terracotta Red, Orange, Yellow, Mix with Aromatic Resin 2.5" Uniform thickness (6' CFH max.) Wear course is to be 3/8 to 5/8" thick, created by a mixture of Standard colored particles and/or black rubber particles and polyurethane binder. Price includes Offloading and Disposal of packaging. $70,430.00 $70,430.00 Equipment Subtotal (less tax): $185,500.00 CONTRACT DISCOUNT Earthscape Play NASPO - NASPO Value Point Cooperative Purchasing Discount:#10700-00015852 10% ($11,507.00) No Fault NASPO - NASPO Value Point Cooperative Purchasing Discount:#10700-00015852 6% ($4,225.80) EXHIBIT A Northwest Playground Equipment, Inc. PO Box 2410, Issaquah, WA 98027-0109 Phone (425) 313-9161 FAX (425) 642-8117 Email: sales@nwplayground.com Thank you for considering Northwest Playground Equipment, Inc for your Park, Playground, Shelter and Sports Equipment requirements Page 2 of 5 FREIGHT Earthscape Play FREIGHT $11,650.00 No Fault FREIGHT $4,000.00 Equipment Total (less tax): $185,417.20 CERTIFIED INSTALLATION Deluxe Install 1 Deluxe Install of Playworld structure (IHD_444_25BR1, Freestanding Earthscape Equipment). Price Includes Receiving Equipment and Offloading Onsite, Installation Through (Dirt), Disposal of Dirt from Holes and Debris Offsite. Playground Surfacing To Be Poured In Place, (2.5" Thick, Good for a 6' CFH over Crushed Rock), Customer is Responsible for all Permits or Fees. Quote doesn't include Site Prep or Inspections. Temporary Fencing not Included in this Quote, Available Upon Request $57,000.00 $57,000.00 Prevailing Wage Installation Total: $57,000.00 Performance Bond (If Required): 3.0% $7,272.52 Credit Card Fee (If Required): 3.5% Location Code: 1725 Resale Certificate Required for Tax Exemption: Tax: 10.30% $25,718.04 ORDER TOTAL: $275,407.76 Acceptance of Proposal: (Please be sure you have read, signed, initialed and understand the Terms and Conditions on the next page of this Quote) The items, prices and conditions listed herein are satisfactory and are hereby accepted. Doug Nelson Sales Rep Customer Signature Date EXHIBIT A Northwest Playground Equipment, Inc. PO Box 2410, Issaquah, WA 98027-0109 Phone (425) 313-9161 FAX (425) 642-8117 Email: sales@nwplayground.com Thank you for considering Northwest Playground Equipment, Inc for your Park, Playground, Shelter and Sports Equipment requirements Page 3 of 5 Project Name: Legacy Square Playground Quote # AM-172026-00013369 TERMS AND CONDITIONS SCOPE: These General Terms and Conditions of Sale apply to all sales of goods and services by Northwest Playground Equipment, Inc. (“Seller”, “we”, “us”, “our”) notwithstanding any conflicting, contrary or additional terms and conditions from the buyer named in this order (“Buyer”). No such conflicting, contrary or additional terms and conditions shall be deemed accepted by us until we expressly confirm our acceptance in writing. QUOTE CONDITIONS AND ACCEPTANCE: This quote is only valid for 30 days. ***________(Initial) It is the Buyer's responsibility to verify quantities and description of items quoted. Once an order has been placed, any changes including additions, deletions, or color changes, could result in price increases, additional fees, and impact order lead time. EXCLUSIONS: Unless specified, this quote EXCLUDES all the following but is not limited to: - Permits/inspections - Removal of existing equipment. - Unloading; receiving of inventory or equipment; storage of equipment. - Site work, saw cutting/core drilling, and landscaping. - Equipment assembly and/or installation. - Safety surfacing; borders or drainage requirements. - Site restoration/landscaping repairs DUE to poor access or inclement weather. - Background checks - Wage Requirements: Davis Bacon, prevailing wage or certified payroll. - Insurance limits beyond our standard coverages and endorsements. - Performance/payment bonds. FREIGHT AND DELIVERY (if applicable): Delivery is subject to equipment availability and varies by manufacturer and product, with custom equipment requiring an extended lead time. Please confirm an approximate delivery for your order with your local sales team. Estimated ship dates are subject to change. Handling Disputes Over Lead Time Changes: In the event of significant lead time changes, we will notify the Buyer promptly and work to mitigate delays. Northwest Playground Equipment will not be held liable for consequential damages arising from such delays. Adjustments to project timelines due to lead time changes will be mutually agreed upon in writing. Shipping is FOB Origin (Buyer accepts the title of the goods at the shipment point and assumes all risk once the Seller ships the product). All equipment will arrive unassembled. If Buyer is responsible for receiving delivery, please review and initial below: ***________(Initial) Buyer is responsible to meet and provide adequate personnel/equipment to unload truck. A Check List, detailing all items shipped, will be included with the shipment unless taking delivery is specifically included in quote. Buyer is responsible for ensuring the Sales Order Breakdown and Item Numbers on all boxes and pieces match the Check List. ***________(Initial) Shortages or damages must be noted on the driver's delivery receipt. Shortages or damages not noted become the Buyer’s financial responsibility. Please notify us immediately of any damage. Shortages and concealed damage must be reported to us within 48 hours of delivery. A reconsignment fee will be charged for any changes made to delivery address after order has been placed. Items canceled, returned or refused will be subject to a minimum 25% restocking fee. All return freight charges are the responsibility of the Buyer. If the Buyer cannot accept the delivery on the agreed-upon date, Seller may accept the delivery and provide short term storage at an additional scope and cost which must be paid in full prior to release of equipment. PRICES, TAXES, AND TERMS OF PAYMENT: The prices for goods and services shall be those set forth in the order. All prices are exclusive of taxes, including, but not limited to, sales, use, excise, value added, and similar taxes or charges imposed by any government authority, all of which must be paid by Buyer. The tax EXHIBIT A Northwest Playground Equipment, Inc. PO Box 2410, Issaquah, WA 98027-0109 Phone (425) 313-9161 FAX (425) 642-8117 Email: sales@nwplayground.com Thank you for considering Northwest Playground Equipment, Inc for your Park, Playground, Shelter and Sports Equipment requirements Page 4 of 5 amounts listed on this quote are estimates only and are subject to change based on applicable tax rates at the time of invoice. If Buyer claims any exemption, a valid, signed reseller certificate or letter of exemption for each respective jurisdiction must be provided. An approved Credit Application is required for new customers or customers that haven’t been active in the last 24 months. Unless expressly stated otherwise, our standard payment terms are as follows: - 50% deposit due on full contract amount. Orders will be placed once the deposit is received. - Progress invoices for equipment, freight, and installation will be invoiced upon project milestones completed with Net 30 terms. - 100 % prepayment is required on replacement parts. - A 3.5% charge will be added to all credit card orders. - For all non-taxpayer-funded entities, a 1.5% monthly service charge will be assessed on all balances over 30 days. INSTALLATION: (if applicable) If installation services are included as part of this quote, the following stipulations apply: Buyer is responsible for obtaining all necessary permits, approvals, and inspections required for installation and use of the equipment. Northwest Playground Equipment assumes no responsibility for delays or additional costs arising from the Buyer’s failure to secure required permits. Permits/inspections and associated costs are the owner’s responsibility. Additional charges may apply if inspections are required. A public locate for underground utilities is included in this scope. Buyer will identify any known utilities in work area prior to executing agreement. If utilities exist directly under work area a third-party private utility service is recommended and can be provided at an additional cost if necessary. Northwest Playground Equipment is not responsible for incorrectly marked utilities. Irrigation is not typically identified during locate service and any damage or repair to irrigation lines in work area is the Buyer’s responsibility. Site Readiness: - Site must be level and free of loose debris with a minimum 10-foot opening for access. - Additional charges may apply if underground obstructions impact installation (such as large rocks, concrete, stumps, etc.). - Additional charges may apply due to poor soil. - Spoils are to remain onsite unless removal of debris is specifically outlined in scope. - Arrangements must be made in advance for removal/disposal of equipment packaging. - Access to power and water must be available to work area. - Buyer is responsible for ensuring that the site is accessible and safe for the Company's personnel and equipment. - Delays caused by restricted site access, unsafe conditions, or lack of readiness may result in additional charges. - Buyer assumes all liability for injuries or damages caused by unsafe site conditions not disclosed prior to the start of work. - Northwest Playground Equipment is not liable for delays caused by unforeseen site conditions, weather, or third-party contractors. - Any changes to the agreed-upon scope of work (e.g., modifications to design, installation location, or product specifications) must be documented in writing and may result in additional fees. OCIP/CCIP Clause: If the Buyer requires that we and/or our subcontractors/suppliers participate in an Owner Controlled Insurance Program (OCIP) or Contractor Controlled Insurance Program (CCIP) on this project, we reserve the right to refuse participation or to adjust our pricing to account for any additional costs or administrative burdens associated with participating in the OCIP/CCIP. This includes, but is not limited to, the following: - Insurance Coverage: The costs of any additional insurance coverage required by the OCIP/CCIP that exceeds our standard coverage will be passed on to the Buyer. - Administrative Fees: Any administrative fees or costs associated with enrollment and participation in the OCIP/CCIP will be passed on to the Buyer. - Reporting Requirements: The costs of complying with any additional reporting requirements imposed by the OCIP/CCIP will be passed on to the Buyer. - Compliance Costs: Any other costs associated with ensuring compliance with the OCIP/CCIP will be passed on to the Buyer. MAINTENANCE/WARRANTY: Manufacturer's standard product warranties apply and cover equipment replacement and freight costs only. For projects including installation, a 1-year installation warranty is extended. Seller offers no additional warranties. EXHIBIT A Northwest Playground Equipment, Inc. PO Box 2410, Issaquah, WA 98027-0109 Phone (425) 313-9161 FAX (425) 642-8117 Email: sales@nwplayground.com Thank you for considering Northwest Playground Equipment, Inc for your Park, Playground, Shelter and Sports Equipment requirements Page 5 of 5 Maintenance of all equipment and safety surfacing is the responsibility of the Buyer. Failure to follow manufacturer directed maintenance schedules may void warranties and could result in safety and/or compliance issues. Any unauthorized alterations or modifications to the equipment (including layout) will void your warranty. TERMINATION: Either party may terminate this agreement upon written notice if the other party breaches a material term and fails to remedy such breach within 30 days of receiving notice. Upon termination by the Buyer, the Northwest Playground Equipment is entitled to recover all costs incurred up to the date of termination, including but not limited to deposits, equipment costs, and labor fees. FORCE MAJEURE: Northwest Playground Equipment shall not be liable for any failure or delay in performance due to causes beyond its reasonable control, including but not limited to acts of God, natural disasters, pandemics, government actions, labor strikes, supply chain disruptions, or transportation delays. Delivery timelines may be extended for the duration of the delay caused by such events. LIMITATION OF LIABILITY: The Company’s total liability for any claim arising out of or relating to the goods or services provided under this agreement shall not exceed the total amount paid by the Buyer for the specific goods or services at issue. Under no circumstances shall Northwest Playground Equipment be liable for any indirect, incidental, consequential, special, or punitive damages, including but not limited to loss of profits, even if advised of the possibility of such damage. INDEMNIFICATION: TO THE FULLEST EXTENT PERMITTED BY LAW BUYER HEREBY AGREES TO HOLD HARMLESS, INDEMNIFY, PROTECT AND DEFEND NW PLAYGROUND AND ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS AND INSURERS, FROM AND AGAINST ANY/ALL RISKS, DEMANDS, CLAIMS, CAUSES OF ACTION, LAWSUITS, SETTLEMENTS, JUDGMENTS, DAMAGES, FINES, PENALTIES, LOSSES OR EXPENSES, ATTORNEY’S FEES AND COSTS, INCLUDING, BUT NOT LIMITED TO, FOR DAMAGES RELATING TO BODILY OR PERSONAL INJURY, DEATH, DESTRUCTION OR LOSS OF PROPERTY, AND ANY OTHER KIND OF DAMAGE OR HARM (COLLECTIVELY “CLAIMS’), MADE BY BUYER, ITS OFFICERS, DIRECTORS, EMPLOYEES, AGENTS, CUSTOMERS, INVITEES, THIRD PARTIES, THEIR INSURERS AND/OR ANYONE CLAIMING BY OR THROUGH THEM (COLLECTIVELY “BUYER PARTIES”), ARISING OUT OF, RESULTING FROM AND/OR RELATED TO BUYER PARTIES’ USE, MAINTENANCE, MODIFICATION OF MATERIALS, WORK AND/OR SERVICES PROVIDED BY NW PLAYGROUND AND ANY/ALL OTHER ACTS/OMISSIONS OF BUYER PARTIES. ACCEPTANCE OF TERMS AND CONDITIONS Acceptance of this proposal, made by an authorized agent of your company, indicates agreement to the above terms and conditions. ______________________________________________ Customer Signature ______________________________________________ Printed Name and Title ______________________________________________ Date EXHIBIT A LE G A C Y S Q U A R E P L A Y G R O U N D PI P S U R F A C I N G p Co lor O pti o n : A __ IHD_ 44 4 _25 BR 1 OP T B - R E V 1 - C o l o r R e v 2 DE S I G N S H O W N I S C O N C E P T U A L O N L Y . F I N A L P R O D U C T S M A Y D I F F E R . COBA L T RO TO WOO D STA I N PR I M A R Y YE L L OW IN D I G O BLU E OCE A N B A Y BLU E COLOR KEY EX H I B I T A LE G A C Y S Q U A R E P L A Y G R O U N D PI P S U R F A C I N G p Co lor O pti o n : A __ IHD_ 44 4 _25 BR 1 OP T B - R E V 1 - C o l o r R e v 2 DE S I G N S H O W N I S C O N C E P T U A L O N L Y . F I N A L P R O D U C T S M A Y D I F F E R . COBA L T RO TO WOO D STA I N PR I M A R Y YE L L OW IN D I G O BLU E OCE A N B A Y BLU E COLOR KEY EX H I B I T A LE G A C Y S Q U A R E P L A Y G R O U N D PI P S U R F A C I N G p Co lor O pti o n : A __ IHD_ 44 4 _25 BR 1 OP T B - R E V 1 - C o l o r R e v 2 DE S I G N S H O W N I S C O N C E P T U A L O N L Y . F I N A L P R O D U C T S M A Y D I F F E R . COBA L T RO TO WOO D STA I N PR I M A R Y YE L L OW IN D I G O BLU E OCE A N B A Y BLU E COLOR KEY EX H I B I T A LE G A C Y S Q U A R E P L A Y G R O U N D PI P S U R F A C I N G p Co lor O pti o n : A __ IHD_ 44 4 _25 BR 1 OP T B - R E V 1 - C o l o r R e v 2 DE S I G N S H O W N I S C O N C E P T U A L O N L Y . F I N A L P R O D U C T S M A Y D I F F E R . COBA L T RO TO WOO D STA I N PR I M A R Y YE L L OW IN D I G O BLU E OCE A N B A Y BLU E COLOR KEY EX H I B I T A LE G A C Y S Q U A R E P L A Y G R O U N D PI P S U R F A C I N G p Co lor O pti o n : A __ IHD_ 44 4 _25 BR 1 OP T B - R E V 1 - C o l o r R e v 2 DE S I G N S H O W N I S C O N C E P T U A L O N L Y . F I N A L P R O D U C T S M A Y D I F F E R . COBA L T RO TO WOO D STA I N PR I M A R Y YE L L OW IN D I G O BLU E OCE A N B A Y BLU E COLOR KEY EX H I B I T A 0 .5 1. 0 0 5' Me t e r s 2. 0 3 . 0 10 ' N LS 3 0 0 LS 4 5 0 LS 4 5 0 BS 450 EA R T H S C A P E SW E L L S M A L L EA R T H S C A P E LO G S T E P P E R S LS 3 0 0 Q T Y : 1 LS 4 5 0 Q T Y : 2 EA R T H S C A P E SL I D E P L A T F O R M 90 0 W / P L A S T I C SL I D E EA R T H S C A P E BO G S T I L T S BS 4 5 0 Q T Y : 1 L S 4 5 0 BS 450 LS 3 0 0 EA R T H S C A P E BO G S T I L T S BS 4 5 0 Q T Y : 1 EA R T H S C A P E LO G S T E P P E R S LS 3 0 0 Q T Y : 1 LS 4 5 0 Q T Y : 1 EA R T H S C A P E LO G P I L E 6 . 1 BL U E P I P A R E A : 96 8 S Q F T TA N P I P A R E A : 62 0 S Q F T EA R T H S C A P E CU S T O M SU R F B O A R D GR E E N P I P AR E A : 6 6 0 S Q F T To t a l E l e v a t e d P l a y A c t i v i t i e s : To t a l G r o u n d - L e v e l P l a y A c t i v i t i e s : Ac c e s s i b l e El e v a t e d Ac t i v i t i e s Ac c e s s i b l e Gr o u n d - L e v e l Ac t i v i t i e s Ac c e s s i b l e Gr o u n d - L e v e l Pl a y T y p e s Re q u i r e d Pr o v i d e d ADA SCHEDULE 3 1 3 4 1 4 1 3 B Pa p e r S i z e US E R C A P A C I T Y : A G E G R O U P : AR E A : P E R I M E T E R : EQ U I P M E N T S I Z E : US E Z O N E : DA T E : SC A L E : PR O J E C T N O : FA L L H E I G H T : *P L A Y G R O U N D S U P E R V I S I O N R E Q U I R E D DR A W N B Y : AS T M F 1 4 8 7 - CP S C # 3 2 5 IH D _ 4 4 4 _ 2 5 B R 1 LEGACY SQUARE PLAYGROUND SITE PLAN - OPT B - REV 1 1/ 8 " = 1 ' - 0 " BP L 22 4 8 S Q F T 1 6 8 ' - 7 " 6 F t . 50 21 20 - J a n - 2 6 DE S I G N F I L E P A T H : I : \ L E G A C Y S Q U A R E P L A Y G R O U N D \ I H D _ 4 4 4 _ 2 5 B R 1 \ D E S I G N 2- 5 EX H I B I T A 0 .5 1. 0 0 5' Me t e r s 2. 0 3 . 0 10 ' N BL U E P I P A R E A : 96 8 S Q F T TA N P I P A R E A : 62 0 S Q F T GR E E N P I P AR E A : 6 6 0 S Q F T B Pa p e r S i z e FO O T I N G L E G E N D DA T E : SC A L E : PR O J E C T N O : *P L A Y G R O U N D S U P E R V I S I O N R E Q U I R E D DR A W N B Y : 1 1 2 " 18 5 0 Z Z C H 1 4 4 " GZ SP I R A L S L I D E C E N T E R P O S T F O O T I N G ( D E T A I L 1 ) SU P P O R T P O S T F O O T I N G ( D E T A I L 1 o r 4 ) I N D I C A T E S P O S T L E N G T H ) CA N T I L E V E R , " T " P O S T , A N D C O M P O N E N T PO S T F O O T I N G ( D E T A I L 2 ) (Z Z C H 1 8 5 0 I N D I C A T E S P A R T N U M B E R ) GR O U N D Z E R O P O S T F O O T I N G ( D E T A I L 2 ) I N D I C A T E S P O S T L E N G T H ) CO M P O N E N T F O O T I N G ( D E T A I L 3 ) (1 1 2 " (1 4 4 " LEGACY SQUARE PLAYGROUND FOOTING PLAN - OPT B - REV 1 IH D _ 4 4 4 _ 2 5 B R 1 1 / 8 " = 1 ' - 0 " BP L 20 - J a n - 2 6 DE S I G N F I L E P A T H : I : \ L E G A C Y S Q U A R E P L A Y G R O U N D \ I H D _ 4 4 4 _ 2 5 B R 1 \ D E S I G N EX H I B I T A NO R T H W E S T P L A Y G R O U N D E Q U I P M E N T B O M ID M A N U F A C T U R E P A R T N O D E S C R I P T I O N QT Y 1 E A R T H S C A P E # S W E L L - S M A L L 1 2 E A R T H S C A P E F0 0 4 0 1 LO G S T E P P E R 4 5 0 3 3 EA R T H S C A P E F0 0 3 9 6 BO G S T I L T 4 5 0 2 4 E A R T H S C A P E F0 0 4 0 0 LO G S T E P P E R 3 0 0 2 5 EA R T H S C A P E F0 0 2 0 8 LO G P I L E 6 . 1 1 6 EA R T H S C A P E F0 0 6 0 2 SL I D E P L A T F O R M 9 0 0 - PL A S T I C S L I D E 1 7 E A R T H S C A P E # C U S T O M S U R F B O A R D 1 B Pa p e r S i z e US E R C A P A C I T Y : A G E G R O U P : AR E A : P E R I M E T E R : EQ U I P M E N T S I Z E : US E Z O N E : DA T E : SC A L E : PR O J E C T N O : FA L L H E I G H T : *P L A Y G R O U N D S U P E R V I S I O N R E Q U I R E D DR A W N B Y : AS T M F 1 4 8 7 - CP S C # 3 2 5 IH D _ 4 4 4 _ 2 5 B R 1 LEGACY SQUARE PLAYGROUND EQUIPMENT SCHEDULE - OPT B - REV 1 3/ 1 6 " = 1 ' - 0 " BP L SE E P L A N SE E S I T E P L A N SE E S I T E P L A N 21 20 - J a n - 2 6 DE S I G N F I L E P A T H : I : \ L E G A C Y S Q U A R E P L A Y G R O U N D \ I H D _ 4 4 4 _ 2 5 B R 1 \ D E S I G N EX H I B I T A