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Tj ET Q /GS0 gs q 8.02 0 0 9.18 295.47 259.56 cm /I11 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 247.70 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 93.30 247.70 Td (by ) Tj ET Q q 0 0 0 rg BT 104.63 247.70 Td (check ) Tj ET Q q 0 0 0 rg BT 127.93 247.70 Td (mark ) Tj ET Q q 0 0 0 rg BT 148.75 247.70 Td (whether ) Tj ET Q q 0 0 0 rg BT 180.06 247.70 Td (the ) Tj ET Q q 0 0 0 rg BT 193.38 247.70 Td (registrant ) Tj ET Q q 0 0 0 rg BT 229.69 247.70 Td (is ) Tj ET Q q 0 0 0 rg BT 238.01 247.70 Td (a ) Tj ET Q q 0 0 0 rg BT 244.33 247.70 Td (lar) Tj ET Q q 0 0 0 rg BT 253.66 247.70 Td (ge ) Tj ET Q q 0 0 0 rg BT 264.48 247.70 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 307.26 247.70 Td (filer) Tj ET Q q 0 0 0 rg BT 321.89 247.70 Td (, ) Tj ET Q q 0 0 0 rg BT 326.46 247.70 Td (an ) Tj ET Q q 0 0 0 rg BT 337.28 247.70 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 380.06 247.70 Td (filer) Tj ET Q q 0 0 0 rg BT 394.69 247.70 Td (, ) Tj ET Q q 0 0 0 rg BT 399.26 247.70 Td (a ) Tj ET Q q 0 0 0 rg BT 405.58 247.70 Td (non-accelerated ) Tj ET Q q 0 0 0 rg BT 464.86 247.70 Td (filer) Tj ET Q q 0 0 0 rg BT 479.49 247.70 Td (, ) Tj ET Q q 0 0 0 rg BT 484.06 247.70 Td (or ) Tj ET Q q 0 0 0 rg BT 493.88 247.70 Td (a ) Tj ET Q q 0 0 0 rg BT 500.20 247.70 Td (smaller ) Tj ET Q q 0 0 0 rg BT 529.01 247.70 Td (reporting ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 236.90 Td (company) Tj ET Q q 0 0 0 rg BT 82.41 236.90 Td (. ) Tj ET Q q 0 0 0 rg BT 87.22 236.90 Td (See ) Tj ET Q q 0 0 0 rg BT 102.77 236.90 Td (the ) Tj ET Q q 0 0 0 rg BT 116.33 236.90 Td (definitions ) Tj ET Q q 0 0 0 rg BT 157.39 236.90 Td (of ) Tj ET Q q 0 0 0 rg BT 167.44 236.90 Td (lar) Tj ET Q q 0 0 0 rg BT 180.77 236.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 191.82 236.90 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 234.84 236.90 Td (filer) Tj ET Q q 0 0 0 rg BT 249.47 236.90 Td (, ) Tj ET Q q 0 0 0 rg BT 258.28 236.90 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 305.30 236.90 Td (filer ) Tj ET Q q 0 0 0 rg BT 326.84 236.90 Td (and ) Tj ET Q q 0 0 0 rg BT 342.40 236.90 Td (smaller ) Tj ET Q q 0 0 0 rg BT 375.44 236.90 Td (reporting ) Tj ET Q q 0 0 0 rg BT 410.99 236.90 Td (company ) Tj ET Q q 0 0 0 rg BT 450.54 236.90 Td (in ) Tj ET Q q 0 0 0 rg BT 460.10 236.90 Td (Rule12b-2 ) Tj ET Q q 0 0 0 rg BT 502.91 236.90 Td (of ) Tj ET Q q 0 0 0 rg BT 512.96 236.90 Td (the ) Tj ET Q q 0 0 0 rg BT 526.52 236.90 Td (Exchange ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 226.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 67.49 226.10 Td (\(Check ) Tj ET Q q 0 0 0 rg BT 95.73 226.10 Td (one\):) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 68.45 206.46 Td (Lar) Tj ET Q q 0 0 0 rg BT 80.78 206.46 Td (ge accelerated filer ) Tj ET Q /GS0 gs q 8.02 0 0 9.18 151.47 204.52 cm /I12 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 206.75 206.46 Td (Accelerated filer) Tj ET Q /GS0 gs q 8.02 0 0 9.18 269.21 204.52 cm /I13 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 206.46 Td (Non-accelerated filer) Tj ET Q /GS0 gs q 8.02 0 0 9.18 405.20 204.52 cm /I14 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 443.60 206.46 Td (Smallerreportingcompany) Tj ET Q /GS0 gs q 8.02 0 0 9.18 544.32 204.52 cm /I15 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 323.10 192.06 Td (\(Donotcheckifasmaller) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.25 183.06 Td (reportingcompany\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 163.30 Td (Indicate ) Tj ET Q q 0 0 0 rg BT 93.23 163.30 Td (by ) Tj ET Q q 0 0 0 rg BT 104.48 163.30 Td (check ) Tj ET Q q 0 0 0 rg BT 127.72 163.30 Td (mark ) Tj ET Q q 0 0 0 rg BT 148.46 163.30 Td (whether ) Tj ET Q q 0 0 0 rg BT 179.69 163.30 Td (the ) Tj ET Q q 0 0 0 rg BT 192.94 163.30 Td (registrant ) Tj ET Q q 0 0 0 rg BT 229.18 163.30 Td (is ) Tj ET Q q 0 0 0 rg BT 237.43 163.30 Td (a ) Tj ET Q q 0 0 0 rg BT 243.67 163.30 Td (shell ) Tj ET Q q 0 0 0 rg BT 262.92 163.30 Td (company ) Tj ET Q q 0 0 0 rg BT 298.16 163.30 Td (\(as ) Tj ET Q q 0 0 0 rg BT 310.91 163.30 Td (defined ) Tj ET Q q 0 0 0 rg BT 340.14 163.30 Td (in ) Tj ET Q q 0 0 0 rg BT 349.39 163.30 Td (Rule12b-2 ) Tj ET Q q 0 0 0 rg BT 391.89 163.30 Td (of ) Tj ET Q q 0 0 0 rg BT 401.64 163.30 Td (the ) Tj ET Q q 0 0 0 rg BT 414.88 163.30 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 452.12 163.30 Td (Act\).) Tj ET Q q 0 0 0 rg BT 479.02 163.30 Td (Y) Tj ET Q q 0 0 0 rg BT 484.62 163.30 Td (es) Tj ET Q /GS0 gs q 8.02 0 0 9.18 496.62 161.36 cm /I16 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 504.64 163.30 Td (No) Tj ET Q /GS0 gs q 8.02 0 0 9.18 529.14 161.36 cm /I17 Do Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 147.50 Td (The ) Tj ET Q q 0 0 0 rg BT 78.52 147.50 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 116.02 147.50 Td (market ) Tj ET Q q 0 0 0 rg BT 143.54 147.50 Td (value ) Tj ET Q q 0 0 0 rg BT 165.56 147.50 Td (of ) Tj ET Q q 0 0 0 rg BT 175.58 147.50 Td (the ) Tj ET Q q 0 0 0 rg BT 189.10 147.50 Td (common ) Tj ET Q q 0 0 0 rg BT 223.13 147.50 Td (stock ) Tj ET Q q 0 0 0 rg BT 244.65 147.50 Td (held ) Tj ET Q q 0 0 0 rg BT 262.68 147.50 Td (by ) Tj ET Q q 0 0 0 rg BT 274.20 147.50 Td (non-af) Tj ET Q q 0 0 0 rg BT 297.53 147.50 Td (filiates ) Tj ET Q q 0 0 0 rg BT 324.55 147.50 Td (of ) Tj ET Q q 0 0 0 rg BT 334.57 147.50 Td (the ) Tj ET Q q 0 0 0 rg BT 348.10 147.50 Td (registrant, ) Tj ET Q q 0 0 0 rg BT 386.86 147.50 Td (computed ) Tj ET Q q 0 0 0 rg BT 424.88 147.50 Td (by ) Tj ET Q q 0 0 0 rg BT 436.41 147.50 Td (reference ) Tj ET Q q 0 0 0 rg BT 472.40 147.50 Td (to ) Tj ET Q q 0 0 0 rg BT 481.93 147.50 Td (the ) Tj ET Q q 0 0 0 rg BT 495.45 147.50 Td (closing ) Tj ET Q q 0 0 0 rg BT 523.98 147.50 Td (price ) Tj ET Q q 0 0 0 rg BT 544.49 147.50 Td (as ) Tj ET Q q 0 0 0 rg BT 554.52 147.50 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 136.70 Td (the ) Tj ET Q q 0 0 0 rg BT 63.50 136.70 Td (last ) Tj ET Q q 0 0 0 rg BT 78.51 136.70 Td (business ) Tj ET Q q 0 0 0 rg BT 111.52 136.70 Td (day ) Tj ET Q q 0 0 0 rg BT 127.03 136.70 Td (of ) Tj ET Q q 0 0 0 rg BT 137.03 136.70 Td (the ) Tj ET Q q 0 0 0 rg BT 150.54 136.70 Td (registrant) Tj ET Q q 0 0 0 rg BT 187.03 136.70 Td (s ) Tj ET Q q 0 0 0 rg BT 193.04 136.70 Td (most ) Tj ET Q q 0 0 0 rg BT 213.05 136.70 Td (recently ) Tj ET Q q 0 0 0 rg BT 244.54 136.70 Td (completed ) Tj ET Q q 0 0 0 rg BT 284.54 136.70 Td (second ) Tj ET Q q 0 0 0 rg BT 312.04 136.70 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 334.04 136.70 Td (quarter) Tj ET Q q 0 0 0 rg BT 359.16 136.70 Td (, ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 363.92 136.70 Td (June30, ) Tj ET Q q 0 0 0 rg BT 396.43 136.70 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.43 136.70 Td (, ) Tj ET Q q 0 0 0 rg BT 419.18 136.70 Td (was ) Tj ET Q q 0 0 0 rg BT 435.69 136.70 Td (approximately ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.18 136.70 Td ($1,108 ) Tj ET Q q 0 0 0 rg BT 517.44 136.70 Td (million) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 543.44 136.70 Td (. ) Tj ET Q q 0 0 0 rg BT 548.02 136.70 Td (The ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 125.90 Td (registrant ) Tj ET Q q 0 0 0 rg BT 86.24 125.90 Td (has ) Tj ET Q q 0 0 0 rg BT 100.48 125.90 Td (no ) Tj ET Q q 0 0 0 rg BT 111.73 125.90 Td (non-voting ) Tj ET Q q 0 0 0 rg BT 153.48 125.90 Td (stock.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 110.10 Td (As ) Tj ET Q q 0 0 0 rg BT 74.25 110.10 Td (of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 84.00 110.10 Td (February15, ) Tj ET Q q 0 0 0 rg BT 132.24 110.10 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 150.24 110.10 Td (, ) Tj ET Q q 0 0 0 rg BT 154.74 110.10 Td (there ) Tj ET Q q 0 0 0 rg BT 174.97 110.10 Td (were ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 194.71 110.10 Td (29,809,086) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 235.21 110.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.46 110.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 262.20 110.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.95 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.19 110.10 Td (registrant) Tj ET Q q 0 0 0 rg BT 321.68 110.10 Td (s ) Tj ET Q q 0 0 0 rg BT 327.43 110.10 Td (common ) Tj ET Q q 0 0 0 rg BT 361.18 110.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 382.43 110.10 Td (outstanding.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.85 96.30 Td (DOCUMENTS INCORPORA) Tj ET Q q 0 0 0 rg BT 318.43 96.30 Td (TED BY) Tj ET Q q 0 0 0 rg BT 351.36 96.30 Td ( REFERENCE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 62.00 85.50 Td (No ) Tj ET Q q 0 0 0 rg BT 75.05 85.50 Td (documents ) Tj ET Q q 0 0 0 rg BT 116.10 85.50 Td (are ) Tj ET Q q 0 0 0 rg BT 129.14 85.50 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 176.67 85.50 Td (by ) Tj ET Q q 0 0 0 rg BT 187.72 85.50 Td (reference ) Tj ET Q q 0 0 0 rg BT 223.24 85.50 Td (in ) Tj ET Q q 0 0 0 rg BT 232.29 85.50 Td (this ) Tj ET Q q 0 0 0 rg BT 247.34 85.50 Td (Report. ) Tj ET Q q 0 0 0 rg BT 276.14 85.50 Td (Information ) Tj ET Q q 0 0 0 rg BT 321.18 85.50 Td (required ) Tj ET Q q 0 0 0 rg BT 353.22 85.50 Td (to ) Tj ET Q q 0 0 0 rg BT 362.27 85.50 Td (be ) Tj ET Q q 0 0 0 rg BT 372.82 85.50 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 408.36 85.50 Td (in ) Tj ET Q q 0 0 0 rg BT 417.42 85.50 Td (Part ) Tj ET Q q 0 0 0 rg BT 433.97 85.50 Td (III ) Tj ET Q q 0 0 0 rg BT 445.01 85.50 Td (of ) Tj ET Q q 0 0 0 rg BT 454.56 85.50 Td (this ) Tj ET Q q 0 0 0 rg BT 469.61 85.50 Td (Report ) Tj ET Q q 0 0 0 rg BT 496.16 85.50 Td (is ) Tj ET Q q 0 0 0 rg BT 504.22 85.50 Td (included ) Tj ET Q q 0 0 0 rg BT 537.26 85.50 Td (herein. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 74.70 Td (Such ) Tj ET Q q 0 0 0 rg BT 69.96 74.70 Td (information ) Tj ET Q q 0 0 0 rg BT 114.41 74.70 Td (also ) Tj ET Q q 0 0 0 rg BT 130.87 74.70 Td (will ) Tj ET Q q 0 0 0 rg BT 146.83 74.70 Td (be ) Tj ET Q q 0 0 0 rg BT 157.28 74.70 Td (set ) Tj ET Q q 0 0 0 rg BT 169.24 74.70 Td (forth ) Tj ET Q q 0 0 0 rg BT 188.70 74.70 Td (in ) Tj ET Q q 0 0 0 rg BT 197.66 74.70 Td (the ) Tj ET Q q 0 0 0 rg BT 210.61 74.70 Td (Registrant) Tj ET Q q 0 0 0 rg BT 250.10 74.70 Td (s ) Tj ET Q q 0 0 0 rg BT 255.57 74.70 Td (definitive ) Tj ET Q q 0 0 0 rg BT 292.02 74.70 Td (proxy ) Tj ET Q q 0 0 0 rg BT 314.97 74.70 Td (statement ) Tj ET Q q 0 0 0 rg BT 351.42 74.70 Td (to ) Tj ET Q q 0 0 0 rg BT 360.38 74.70 Td (be ) Tj ET Q q 0 0 0 rg BT 370.84 74.70 Td (delivered ) Tj ET Q q 0 0 0 rg BT 406.28 74.70 Td (to ) Tj ET Q q 0 0 0 rg BT 415.24 74.70 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 462.69 74.70 Td (in ) Tj ET Q q 0 0 0 rg BT 471.65 74.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 513.10 74.70 Td (with ) Tj ET Q q 0 0 0 rg BT 531.06 74.70 Td (the ) Tj ET Q q 0 0 0 rg BT 544.01 74.70 Td (2016 ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 63.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 76.24 63.90 Td (meeting ) Tj ET Q q 0 0 0 rg BT 107.48 63.90 Td (of ) Tj ET Q q 0 0 0 rg BT 117.23 63.90 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 164.97 63.90 Td (to ) Tj ET Q q 0 0 0 rg BT 174.22 63.90 Td (be ) Tj ET Q q 0 0 0 rg BT 184.96 63.90 Td (held ) Tj ET Q q 0 0 0 rg BT 202.71 63.90 Td (on ) Tj ET Q q 0 0 0 rg BT 213.96 63.90 Td (July ) Tj ET Q q 0 0 0 rg BT 231.21 63.90 Td (29, ) Tj ET Q q 0 0 0 rg BT 244.71 63.90 Td (2016.) 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Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 694.32 Td (Item1.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 102 692.0833984375 m 137.5615234375 692.0833984375 l s q 0 0 1 rg BT 102.00 693.42 Td (Business) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 679.32 Td (Item1A.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 102 677.0833984375 m 152.2783203125 677.0833984375 l s q 0 0 1 rg BT 102.00 678.42 Td (Risk Factors) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 664.32 Td (Item1B.) 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Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 102 483.0833984375 m 460.8134765625 483.0833984375 l s q 0 0 1 rg BT 102.00 484.42 Td (Changes in and Disagreements with ) Tj ET Q q 0 0 1 rg BT 247.81 484.42 Td (Accountants on ) Tj ET Q q 0 0 1 rg BT 312.24 484.42 Td (Accounting and Financial Disclosure) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 470.32 Td (Item9A.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 102 468.0833984375 m 200.3154296875 468.0833984375 l s q 0 0 1 rg BT 102.00 469.42 Td (Controls and Procedures) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 59.00 455.32 Td (Item9B.) 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q 0 0 0 rg BT 392.08 661.25 Td (r) Tj ET Q q 0 0 0 rg BT 395.60 661.25 Td (egulated ) Tj ET Q q 0 0 0 rg BT 432.81 661.25 Td (by ) Tj ET Q q 0 0 0 rg BT 445.01 661.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.80 661.25 Td (Australian ) Tj ET Q q 0 0 0 rg BT 504.80 661.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 547.00 661.25 Td (and ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (Investments ) Tj ET Q q 0 0 0 rg BT 101.60 649.25 Td (Commission; ) Tj ET Q q 0 0 0 rg BT 158.78 649.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.18 649.25 Td (Gr) Tj ET Q q 0 0 0 rg BT 188.92 649.25 Td (eenhill ) Tj ET Q q 0 0 0 rg BT 220.53 649.25 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 256.31 649.25 Td (LP) Tj ET Q q 0 0 0 rg BT 266.69 649.25 Td (, ) Tj ET Q q 0 0 0 rg BT 273.59 649.25 Td (a ) Tj ET Q q 0 0 0 rg BT 282.99 649.25 Td (r) Tj ET Q q 0 0 0 rg BT 286.51 649.25 Td (egister) Tj ET Q q 0 0 0 rg BT 313.35 649.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 327.19 649.25 Td (br) Tj ET Q q 0 0 0 rg BT 335.71 649.25 Td (oker) Tj ET Q q 0 0 0 rg BT 353.28 649.25 Td (-dealer ) Tj ET Q q 0 0 0 rg BT 386.55 649.25 Td (r) Tj ET Q q 0 0 0 rg BT 390.07 649.25 Td (egulated ) Tj ET Q q 0 0 0 rg BT 428.90 649.25 Td (by ) Tj ET Q q 0 0 0 rg BT 442.74 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.35 649.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 503.18 649.25 Td (and ) Tj ET Q q 0 0 0 rg BT 522.58 649.25 Td (Exchange ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 101.95 637.25 Td (which ) Tj ET Q q 0 0 0 rg BT 128.34 637.25 Td (pr) Tj ET Q q 0 0 0 rg BT 136.86 637.25 Td (ovides ) Tj ET Q q 0 0 0 rg BT 164.91 637.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 195.18 637.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 232.12 637.25 Td (services ) Tj ET Q q 0 0 0 rg BT 266.83 637.25 Td (in ) Tj ET Q q 0 0 0 rg BT 277.10 637.25 Td (North ) Tj ET Q q 0 0 0 rg BT 302.76 637.25 Td (America.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (Item 1.Business) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 575.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 102.76 575.25 Td (is ) Tj ET Q q 0 0 0 rg BT 112.42 575.25 Td (a ) Tj ET Q q 0 0 0 rg BT 119.86 575.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 152.29 575.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 204.16 575.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 251.03 575.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 273.47 575.25 Td (that ) Tj ET Q q 0 0 0 rg BT 291.46 575.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 328.89 575.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 366.87 575.25 Td (and ) Tj ET Q q 0 0 0 rg BT 384.30 575.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 421.17 575.25 Td (advice ) Tj ET Q q 0 0 0 rg BT 450.26 575.25 Td (on ) Tj ET Q q 0 0 0 rg BT 463.25 575.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 508.46 575.25 Td (domestic ) Tj ET Q q 0 0 0 rg BT 547.56 575.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.25 Td (cross-border ) Tj ET Q q 0 0 0 rg BT 102.65 563.25 Td (mer) Tj ET Q q 0 0 0 rg BT 118.01 563.25 Td (gers ) Tj ET Q q 0 0 0 rg BT 137.34 563.25 Td (and ) Tj ET Q q 0 0 0 rg BT 154.44 563.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 207.38 563.25 Td (divestitures, ) Tj ET Q q 0 0 0 rg BT 258.65 563.25 Td (restructurings, ) Tj ET Q q 0 0 0 rg BT 318.80 563.25 Td (financings, ) Tj ET Q q 0 0 0 rg BT 365.63 563.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 394.94 563.25 Td (raising ) Tj ET Q q 0 0 0 rg BT 424.82 563.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.93 563.25 Td (other ) Tj ET Q q 0 0 0 rg BT 465.14 563.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 515.57 563.25 Td (to ) Tj ET Q q 0 0 0 rg BT 526.02 563.25 Td (a ) Tj ET Q q 0 0 0 rg BT 533.12 563.25 Td (diverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.25 Td (client ) Tj ET Q q 0 0 0 rg BT 76.23 551.25 Td (base, ) Tj ET Q q 0 0 0 rg BT 100.52 551.25 Td (including ) Tj ET Q q 0 0 0 rg BT 142.31 551.25 Td (corporations, ) Tj ET Q q 0 0 0 rg BT 198.82 551.25 Td (partnerships, ) Tj ET Q q 0 0 0 rg BT 254.22 551.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 302.69 551.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.15 551.25 Td (governments. ) Tj ET Q q 0 0 0 rg BT 379.03 551.25 Td (W) Tj ET Q q 0 0 0 rg BT 387.67 551.25 Td (e ) Tj ET Q q 0 0 0 rg BT 396.13 551.25 Td (serve ) Tj ET Q q 0 0 0 rg BT 421.25 551.25 Td (as ) Tj ET Q q 0 0 0 rg BT 433.60 551.25 Td (a ) Tj ET Q q 0 0 0 rg BT 442.06 551.25 Td (trusted ) Tj ET Q q 0 0 0 rg BT 473.29 551.25 Td (advisor ) Tj ET Q q 0 0 0 rg BT 506.75 551.25 Td (to ) Tj ET Q q 0 0 0 rg BT 518.55 551.25 Td (our ) Tj ET Q q 0 0 0 rg BT 535.90 551.25 Td (clients ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.25 Td (throughout ) Tj ET Q q 0 0 0 rg BT 95.59 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.52 539.25 Td (world ) Tj ET Q q 0 0 0 rg BT 134.56 539.25 Td (on ) Tj ET Q q 0 0 0 rg BT 146.27 539.25 Td (a ) Tj ET Q q 0 0 0 rg BT 152.41 539.25 Td (collaborative, ) Tj ET Q q 0 0 0 rg BT 208.82 539.25 Td (globally ) Tj ET Q q 0 0 0 rg BT 243.30 539.25 Td (integrated ) Tj ET Q q 0 0 0 rg BT 284.99 539.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 306.70 539.25 Td (from ) Tj ET Q q 0 0 0 rg BT 327.84 539.25 Td (our ) Tj ET Q q 0 0 0 rg BT 342.88 539.25 Td (of) Tj ET Q q 0 0 0 rg BT 351.03 539.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 371.61 539.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.10 539.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.03 539.25 Td (United ) Tj ET Q q 0 0 0 rg BT 423.95 539.25 Td (States, ) Tj ET Q q 0 0 0 rg BT 452.04 539.25 Td (United ) Tj ET Q q 0 0 0 rg BT 480.97 539.25 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 522.96 539.25 Td (Germany) Tj ET Q q 0 0 0 rg BT 559.51 539.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.25 Td (Sweden, ) Tj ET Q q 0 0 0 rg BT 86.11 527.25 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 127.76 527.25 Td (Japan, ) Tj ET Q q 0 0 0 rg BT 155.53 527.25 Td (Hong ) Tj ET Q q 0 0 0 rg BT 180.25 527.25 Td (Kong, ) Tj ET Q q 0 0 0 rg BT 207.48 527.25 Td (Singapore, ) Tj ET Q q 0 0 0 rg BT 253.02 527.25 Td (Canada ) Tj ET Q q 0 0 0 rg BT 285.51 527.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.45 527.25 Td (Brazil.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 506.25 Td (At ) Tj ET Q q 0 0 0 rg BT 76.59 506.25 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 119.95 506.25 Td (we ) Tj ET Q q 0 0 0 rg BT 134.70 506.25 Td (are ) Tj ET Q q 0 0 0 rg BT 149.99 506.25 Td (singularly ) Tj ET Q q 0 0 0 rg BT 193.08 506.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 227.27 506.25 Td (on ) Tj ET Q q 0 0 0 rg BT 240.36 506.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 282.34 506.25 Td (conflict-free ) Tj ET Q q 0 0 0 rg BT 334.84 506.25 Td (advice ) Tj ET Q q 0 0 0 rg BT 364.02 506.25 Td (to ) Tj ET Q q 0 0 0 rg BT 374.89 506.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 404.09 506.25 Td (on ) Tj ET Q q 0 0 0 rg BT 417.18 506.25 Td (a ) Tj ET Q q 0 0 0 rg BT 424.71 506.25 Td (wide ) Tj ET Q q 0 0 0 rg BT 447.24 506.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 478.09 506.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.51 506.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 527.04 506.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 494.25 Td (matters, ) Tj ET Q q 0 0 0 rg BT 84.46 494.25 Td (using ) Tj ET Q q 0 0 0 rg BT 108.67 494.25 Td (our ) Tj ET Q q 0 0 0 rg BT 124.53 494.25 Td (global ) Tj ET Q q 0 0 0 rg BT 152.05 494.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 192.34 494.25 Td (to ) Tj ET Q q 0 0 0 rg BT 202.65 494.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 235.73 494.25 Td (a ) Tj ET Q q 0 0 0 rg BT 242.70 494.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 295.22 494.25 Td (of ) Tj ET Q q 0 0 0 rg BT 306.08 494.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 352.48 494.25 Td (experience, ) Tj ET Q q 0 0 0 rg BT 400.81 494.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 436.12 494.25 Td (sector ) Tj ET Q q 0 0 0 rg BT 462.53 494.25 Td (expertise ) Tj ET Q q 0 0 0 rg BT 501.15 494.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.12 494.25 Td (knowledge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.98 482.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 95.83 482.25 Td (regional ) Tj ET Q q 0 0 0 rg BT 131.24 482.25 Td (markets. ) Tj ET Q q 0 0 0 rg BT 168.04 482.25 Td ( ) Tj ET Q q 0 0 0 rg BT 170.50 482.25 Td (W) Tj ET Q q 0 0 0 rg BT 179.14 482.25 Td (e ) Tj ET Q q 0 0 0 rg BT 186.22 482.25 Td (work ) Tj ET Q q 0 0 0 rg BT 209.42 482.25 Td (seamlessly ) Tj ET Q q 0 0 0 rg BT 255.40 482.25 Td (across ) Tj ET Q q 0 0 0 rg BT 283.03 482.25 Td (of) Tj ET Q q 0 0 0 rg BT 291.18 482.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 312.71 482.25 Td (and ) Tj ET Q q 0 0 0 rg BT 329.80 482.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 364.10 482.25 Td (to ) Tj ET Q q 0 0 0 rg BT 374.52 482.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 407.72 482.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.58 482.25 Td (highest ) Tj ET Q q 0 0 0 rg BT 454.12 482.25 Td (caliber ) Tj ET Q q 0 0 0 rg BT 483.97 482.25 Td (advice ) Tj ET Q q 0 0 0 rg BT 512.71 482.25 Td (and ) Tj ET Q q 0 0 0 rg BT 529.80 482.25 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 470.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.11 470.25 Td (clients.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 449.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 102.42 449.25 Td (was ) Tj ET Q q 0 0 0 rg BT 120.62 449.25 Td (established ) Tj ET Q q 0 0 0 rg BT 167.71 449.25 Td (in ) Tj ET Q q 0 0 0 rg BT 178.14 449.25 Td (1996 ) Tj ET Q q 0 0 0 rg BT 200.80 449.25 Td (by ) Tj ET Q q 0 0 0 rg BT 213.45 449.25 Td (Robert ) Tj ET Q q 0 0 0 rg BT 243.32 449.25 Td (F) Tj ET Q q 0 0 0 rg BT 248.08 449.25 Td (. ) Tj ET Q q 0 0 0 rg BT 253.24 449.25 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 296.15 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.02 449.25 Td (former ) Tj ET Q q 0 0 0 rg BT 340.88 449.25 Td (President ) Tj ET Q q 0 0 0 rg BT 380.75 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.74 449.25 Td (Mor) Tj ET Q q 0 0 0 rg BT 408.78 449.25 Td (gan ) Tj ET Q q 0 0 0 rg BT 425.87 449.25 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 458.52 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 475.61 449.25 Td (former ) Tj ET Q q 0 0 0 rg BT 505.47 449.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 547.56 449.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 74.17 437.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 116.11 437.25 Td (Of) Tj ET Q q 0 0 0 rg BT 126.48 437.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 146.75 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.04 437.25 Td (Smith ) Tj ET Q q 0 0 0 rg BT 182.90 437.25 Td (Barney) Tj ET Q q 0 0 0 rg BT 211.12 437.25 Td (. ) Tj ET Q q 0 0 0 rg BT 215.58 437.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 239.75 437.25 Td (our ) Tj ET Q q 0 0 0 rg BT 255.04 437.25 Td (founding, ) Tj ET Q q 0 0 0 rg BT 295.61 437.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 335.33 437.25 Td (has ) Tj ET Q q 0 0 0 rg BT 350.61 437.25 Td (grown ) Tj ET Q q 0 0 0 rg BT 378.12 437.25 Td (through ) Tj ET Q q 0 0 0 rg BT 411.19 437.25 Td (recruiting ) Tj ET Q q 0 0 0 rg BT 452.02 437.25 Td (talented ) Tj ET Q q 0 0 0 rg BT 485.63 437.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 527.02 437.25 Td (directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.25 Td (and ) Tj ET Q q 0 0 0 rg BT 68.16 425.25 Td (other ) Tj ET Q q 0 0 0 rg BT 92.43 425.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 120.59 425.25 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 179.58 425.25 Td (by ) Tj ET Q q 0 0 0 rg BT 193.30 425.25 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 234.79 425.25 Td (complementary ) Tj ET Q q 0 0 0 rg BT 300.71 425.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 338.87 425.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 384.81 425.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.97 425.25 Td (by ) Tj ET Q q 0 0 0 rg BT 416.70 425.25 Td (training, ) Tj ET Q q 0 0 0 rg BT 454.02 425.25 Td (developing ) Tj ET Q q 0 0 0 rg BT 502.18 425.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.34 425.25 Td (promoting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.25 Td (professionals ) Tj ET Q q 0 0 0 rg BT 105.30 413.25 Td (internally) Tj ET Q q 0 0 0 rg BT 142.97 413.25 Td (. ) Tj ET Q q 0 0 0 rg BT 147.81 413.25 Td (W) Tj ET Q q 0 0 0 rg BT 156.45 413.25 Td (e ) Tj ET Q q 0 0 0 rg BT 163.41 413.25 Td (have ) Tj ET Q q 0 0 0 rg BT 184.82 413.25 Td (expanded ) Tj ET Q q 0 0 0 rg BT 225.66 413.25 Td (beyond ) Tj ET Q q 0 0 0 rg BT 257.63 413.25 Td (mer) Tj ET Q q 0 0 0 rg BT 272.99 413.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 288.29 413.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.25 413.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 351.66 413.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 388.63 413.25 Td (services ) Tj ET Q q 0 0 0 rg BT 423.36 413.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.67 413.25 Td (include ) Tj ET Q q 0 0 0 rg BT 465.63 413.25 Td (financing, ) Tj ET Q q 0 0 0 rg BT 508.42 413.25 Td (restructuring, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.51 401.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 95.24 401.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 131.75 401.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 168.53 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.04 401.25 Td (we ) Tj ET Q q 0 0 0 rg BT 198.78 401.25 Td (have ) Tj ET Q q 0 0 0 rg BT 219.73 401.25 Td (expanded ) Tj ET Q q 0 0 0 rg BT 260.12 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.41 401.25 Td (breadth ) Tj ET Q q 0 0 0 rg BT 306.47 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.87 401.25 Td (our ) Tj ET Q q 0 0 0 rg BT 332.28 401.25 Td (sector ) Tj ET Q q 0 0 0 rg BT 358.23 401.25 Td (expertise ) Tj ET Q q 0 0 0 rg BT 396.40 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.25 401.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 430.53 401.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 483.16 401.25 Td (all ) Tj ET Q q 0 0 0 rg BT 495.23 401.25 Td (major ) Tj ET Q q 0 0 0 rg BT 520.63 401.25 Td (industries. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 74.72 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.43 389.25 Td (opening ) Tj ET Q q 0 0 0 rg BT 124.15 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.98 389.25 Td (our ) Tj ET Q q 0 0 0 rg BT 150.81 389.25 Td (original ) Tj ET Q q 0 0 0 rg BT 184.41 389.25 Td (of) Tj ET Q q 0 0 0 rg BT 192.56 389.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 210.05 389.25 Td (in ) Tj ET Q q 0 0 0 rg BT 220.33 389.25 Td (New ) Tj ET Q q 0 0 0 rg BT 241.34 389.25 Td (Y) Tj ET Q q 0 0 0 rg BT 247.56 389.25 Td (ork, ) Tj ET Q q 0 0 0 rg BT 265.89 389.25 Td (we ) Tj ET Q q 0 0 0 rg BT 280.05 389.25 Td (have ) Tj ET Q q 0 0 0 rg BT 301.43 389.25 Td (expanded ) Tj ET Q q 0 0 0 rg BT 342.24 389.25 Td (globally ) Tj ET Q q 0 0 0 rg BT 377.51 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 387.79 389.25 Td (15 ) Tj ET Q q 0 0 0 rg BT 400.29 389.25 Td (of) Tj ET Q q 0 0 0 rg BT 408.44 389.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 429.82 389.25 Td (across ) Tj ET Q q 0 0 0 rg BT 457.31 389.25 Td (five ) Tj ET Q q 0 0 0 rg BT 475.36 389.25 Td (continents.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 368.25 Td (As ) Tj ET Q q 0 0 0 rg BT 75.45 368.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.11 368.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 144.53 368.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.53 368.25 Td (, ) Tj ET Q q 0 0 0 rg BT 169.36 368.25 Td (we ) Tj ET Q q 0 0 0 rg BT 183.35 368.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.12 368.25 Td (350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.12 368.25 Td ( ) Tj ET Q q 0 0 0 rg BT 217.46 368.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 262.55 368.25 Td (globally) Tj ET Q q 0 0 0 rg BT 294.68 368.25 Td (, ) Tj ET Q q 0 0 0 rg BT 299.51 368.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.62 368.25 Td (71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.62 368.25 Td ( ) Tj ET Q q 0 0 0 rg BT 351.95 368.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 393.72 368.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 431.04 368.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.81 368.25 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.81 368.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 482.08 368.25 Td (advisors. ) Tj ET Q q 0 0 0 rg BT 520.24 368.25 Td (In ) Tj ET Q q 0 0 0 rg BT 530.90 368.25 Td (January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 356.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 356.25 Td (, ) Tj ET Q q 0 0 0 rg BT 75.00 356.25 Td (we ) Tj ET Q q 0 0 0 rg BT 89.16 356.25 Td (promoted ) Tj ET Q q 0 0 0 rg BT 129.99 356.25 Td (five ) Tj ET Q q 0 0 0 rg BT 148.03 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.86 356.25 Td (our ) Tj ET Q q 0 0 0 rg BT 174.69 356.25 Td (principals ) Tj ET Q q 0 0 0 rg BT 216.63 356.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.90 356.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 268.84 356.25 Td (director) Tj ET Q q 0 0 0 rg BT 299.38 356.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 335.25 Td (Advisory Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 314.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 101.70 314.25 Td (is ) Tj ET Q q 0 0 0 rg BT 110.31 314.25 Td (a ) Tj ET Q q 0 0 0 rg BT 116.69 314.25 Td (unique ) Tj ET Q q 0 0 0 rg BT 145.85 314.25 Td (global ) Tj ET Q q 0 0 0 rg BT 172.78 314.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 218.61 314.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 252.76 314.25 Td (firm, ) Tj ET Q q 0 0 0 rg BT 274.42 314.25 Td (not ) Tj ET Q q 0 0 0 rg BT 289.14 314.25 Td (only ) Tj ET Q q 0 0 0 rg BT 308.86 314.25 Td (in ) Tj ET Q q 0 0 0 rg BT 318.57 314.25 Td (relation ) Tj ET Q q 0 0 0 rg BT 351.06 314.25 Td (to ) Tj ET Q q 0 0 0 rg BT 360.77 314.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.93 314.25 Td (lar) Tj ET Q q 0 0 0 rg BT 385.30 314.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 396.68 314.25 Td (integrated, ) Tj ET Q q 0 0 0 rg BT 441.10 314.25 Td (or ) Tj ET Q q 0 0 0 rg BT 451.37 314.25 Td ("bulge ) Tj ET Q q 0 0 0 rg BT 479.60 314.25 Td (bracket", ) Tj ET Q q 0 0 0 rg BT 517.55 314.25 Td (institutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 302.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.90 302.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 107.69 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 117.93 302.25 Td (commercial ) Tj ET Q q 0 0 0 rg BT 167.59 302.25 Td (lending, ) Tj ET Q q 0 0 0 rg BT 202.55 302.25 Td (underwriting, ) Tj ET Q q 0 0 0 rg BT 259.17 302.25 Td (research, ) Tj ET Q q 0 0 0 rg BT 297.45 302.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 319.35 302.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.25 302.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 367.05 302.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.95 302.25 Td (other ) Tj ET Q q 0 0 0 rg BT 406.96 302.25 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 454.15 302.25 Td (but ) Tj ET Q q 0 0 0 rg BT 469.39 302.25 Td (also ) Tj ET Q q 0 0 0 rg BT 487.97 302.25 Td (in ) Tj ET Q q 0 0 0 rg BT 498.21 302.25 Td (relation ) Tj ET Q q 0 0 0 rg BT 531.22 302.25 Td (to ) Tj ET Q q 0 0 0 rg BT 541.46 302.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 290.25 Td (so ) Tj ET Q q 0 0 0 rg BT 62.75 290.25 Td (called ) Tj ET Q q 0 0 0 rg BT 90.48 290.25 Td ("independent" ) Tj ET Q q 0 0 0 rg BT 151.38 290.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 199.12 290.25 Td (banks, ) Tj ET Q q 0 0 0 rg BT 228.81 290.25 Td (many ) Tj ET Q q 0 0 0 rg BT 254.88 290.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.07 290.25 Td (which ) Tj ET Q q 0 0 0 rg BT 295.37 290.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 327.55 290.25 Td (in ) Tj ET Q q 0 0 0 rg BT 339.18 290.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 386.93 290.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 444.37 290.25 Td (research ) Tj ET Q q 0 0 0 rg BT 481.54 290.25 Td (and ) Tj ET Q q 0 0 0 rg BT 499.84 290.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 530.35 290.25 Td (markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 278.25 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 97.33 278.25 Td (all ) Tj ET Q q 0 0 0 rg BT 109.93 278.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.86 278.25 Td (which ) Tj ET Q q 0 0 0 rg BT 147.91 278.25 Td (can ) Tj ET Q q 0 0 0 rg BT 164.39 278.25 Td (create ) Tj ET Q q 0 0 0 rg BT 190.85 278.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 227.89 278.25 Td (with ) Tj ET Q q 0 0 0 rg BT 248.28 278.25 Td (clients' ) Tj ET Q q 0 0 0 rg BT 278.79 278.25 Td (interests. ) Tj ET Q q 0 0 0 rg BT 317.22 278.25 Td ( ) Tj ET Q q 0 0 0 rg BT 319.82 278.25 Td (Greenhill's ) Tj ET Q q 0 0 0 rg BT 365.88 278.25 Td (singular ) Tj ET Q q 0 0 0 rg BT 400.71 278.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 424.97 278.25 Td (on ) Tj ET Q q 0 0 0 rg BT 437.58 278.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 474.62 278.25 Td (services ) Tj ET Q q 0 0 0 rg BT 509.43 278.25 Td (dif) Tj ET Q q 0 0 0 rg BT 520.36 278.25 Td (ferentiates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 266.25 Td (us ) Tj ET Q q 0 0 0 rg BT 61.39 266.25 Td (from ) Tj ET Q q 0 0 0 rg BT 83.33 266.25 Td (other ) Tj ET Q q 0 0 0 rg BT 106.38 266.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 152.76 266.25 Td (banks, ) Tj ET Q q 0 0 0 rg BT 181.09 266.25 Td (and ) Tj ET Q q 0 0 0 rg BT 198.03 266.25 Td (enables ) Tj ET Q q 0 0 0 rg BT 230.51 266.25 Td (us ) Tj ET Q q 0 0 0 rg BT 241.90 266.25 Td (to ) Tj ET Q q 0 0 0 rg BT 252.18 266.25 Td (of) Tj ET Q q 0 0 0 rg BT 260.33 266.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 273.93 266.25 Td (best-in-class ) Tj ET Q q 0 0 0 rg BT 326.42 266.25 Td (service ) Tj ET Q q 0 0 0 rg BT 357.23 266.25 Td (to ) Tj ET Q q 0 0 0 rg BT 367.51 266.25 Td (each ) Tj ET Q q 0 0 0 rg BT 388.33 266.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.16 266.25 Td (our ) Tj ET Q q 0 0 0 rg BT 414.99 266.25 Td (clients. ) Tj ET Q q 0 0 0 rg BT 446.09 266.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 242.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.00 242.25 Td (Advising ) Tj ET Q q 0 0 0 rg BT 138.80 242.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 169.02 242.25 Td (is ) Tj ET Q q 0 0 0 rg BT 178.70 242.25 Td (our) Tj ET Q q 0 0 0 rg BT 193.52 242.25 Td ( ) Tj ET Q q 0 0 0 rg BT 196.52 242.25 Td (only ) Tj ET Q q 0 0 0 rg BT 217.87 242.25 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.94 242.25 Td ( ) Tj ET Q q 0 0 0 rg BT 258.95 242.25 Td ( ) Tj ET Q q 0 0 0 rg BT 261.74 242.25 Td (W) Tj ET Q q 0 0 0 rg BT 270.37 242.25 Td (e ) Tj ET Q q 0 0 0 rg BT 277.82 242.25 Td (do ) Tj ET Q q 0 0 0 rg BT 290.82 242.25 Td (not ) Tj ET Q q 0 0 0 rg BT 306.61 242.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 337.93 242.25 Td (in ) Tj ET Q q 0 0 0 rg BT 348.71 242.25 Td (investing, ) Tj ET Q q 0 0 0 rg BT 390.88 242.25 Td (trading, ) Tj ET Q q 0 0 0 rg BT 424.71 242.25 Td (lending, ) Tj ET Q q 0 0 0 rg BT 460.21 242.25 Td (underwriting, ) Tj ET Q q 0 0 0 rg BT 517.37 242.25 Td (research ) Tj ET Q q 0 0 0 rg BT 553.68 242.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 230.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 144.38 230.25 Td (management ) Tj ET Q q 0 0 0 rg BT 197.97 230.25 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 245.19 230.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 263.24 230.25 Td (clients' ) Tj ET Q q 0 0 0 rg BT 293.65 230.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 329.47 230.25 Td (are ) Tj ET Q q 0 0 0 rg BT 344.18 230.25 Td (our ) Tj ET Q q 0 0 0 rg BT 360.01 230.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 378.62 230.25 Td (priority) Tj ET Q q 0 0 0 rg BT 407.97 230.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 206.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.00 206.25 Td (W) Tj ET Q q 0 0 0 rg BT 107.45 206.25 Td (e ) Tj ET Q q 0 0 0 rg BT 114.68 206.25 Td (pr) Tj ET Q q 0 0 0 rg BT 124.50 206.25 Td (ovide ) Tj ET Q q 0 0 0 rg BT 150.07 206.25 Td (unbiased, ) Tj ET Q q 0 0 0 rg BT 193.71 206.25 Td (conflict ) Tj ET Q q 0 0 0 rg BT 228.16 206.25 Td (fr) Tj ET Q q 0 0 0 rg BT 235.75 206.25 Td (ee ) Tj ET Q q 0 0 0 rg BT 247.42 206.25 Td (advice. ) Tj ET Q q 0 0 0 rg BT 279.93 206.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.72 206.25 Td (W) Tj ET Q q 0 0 0 rg BT 291.36 206.25 Td (e ) Tj ET Q q 0 0 0 rg BT 298.59 206.25 Td (have ) Tj ET Q q 0 0 0 rg BT 320.26 206.25 Td (no ) Tj ET Q q 0 0 0 rg BT 333.05 206.25 Td (products ) Tj ET Q q 0 0 0 rg BT 370.28 206.25 Td (or ) Tj ET Q q 0 0 0 rg BT 381.40 206.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 424.18 206.25 Td (services ) Tj ET Q q 0 0 0 rg BT 459.18 206.25 Td (to ) Tj ET Q q 0 0 0 rg BT 469.75 206.25 Td (cross-sell ) Tj ET Q q 0 0 0 rg BT 510.31 206.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 530.04 206.25 Td (thus, ) Tj ET Q q 0 0 0 rg BT 552.01 206.25 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 194.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 132.98 194.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 169.62 194.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.16 194.25 Td (interest. ) Tj ET Q q 0 0 0 rg BT 214.31 194.25 Td ( ) Tj ET Q q 0 0 0 rg BT 216.36 194.25 Td (W) Tj ET Q q 0 0 0 rg BT 225.00 194.25 Td (e ) Tj ET Q q 0 0 0 rg BT 231.65 194.25 Td (also ) Tj ET Q q 0 0 0 rg BT 249.97 194.25 Td (have ) Tj ET Q q 0 0 0 rg BT 271.06 194.25 Td (no ) Tj ET Q q 0 0 0 rg BT 283.27 194.25 Td (lending, ) Tj ET Q q 0 0 0 rg BT 317.98 194.25 Td (prime ) Tj ET Q q 0 0 0 rg BT 343.51 194.25 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 385.70 194.25 Td (or ) Tj ET Q q 0 0 0 rg BT 396.24 194.25 Td (other ) Tj ET Q q 0 0 0 rg BT 419.00 194.25 Td (relationships ) Tj ET Q q 0 0 0 rg BT 472.32 194.25 Td (with ) Tj ET Q q 0 0 0 rg BT 492.31 194.25 Td (activist ) Tj ET Q q 0 0 0 rg BT 523.40 194.25 Td (investors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 170.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.00 170.25 Td (W) Tj ET Q q 0 0 0 rg BT 107.45 170.25 Td (e ) Tj ET Q q 0 0 0 rg BT 114.21 170.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 154.87 170.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.51 170.25 Td (highest ) Tj ET Q q 0 0 0 rg BT 203.40 170.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 229.04 170.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.69 170.25 Td (confidentiality) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.35 170.25 Td (. ) Tj ET Q q 0 0 0 rg BT 306.17 170.25 Td ( ) Tj ET Q q 0 0 0 rg BT 308.49 170.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 326.36 170.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 363.12 170.25 Td (only ) Tj ET Q q 0 0 0 rg BT 383.22 170.25 Td (business ) Tj ET Q q 0 0 0 rg BT 419.43 170.25 Td (model ) Tj ET Q q 0 0 0 rg BT 446.75 170.25 Td (and ) Tj ET Q q 0 0 0 rg BT 463.50 170.25 Td (minimal ) Tj ET Q q 0 0 0 rg BT 499.15 170.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 535.91 170.25 Td (enable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 158.25 Td (us ) Tj ET Q q 0 0 0 rg BT 109.39 158.25 Td (to ) Tj ET Q q 0 0 0 rg BT 119.67 158.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 157.16 158.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 187.41 158.25 Td (client ) Tj ET Q q 0 0 0 rg BT 212.13 158.25 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 272.94 158.25 Td (with ) Tj ET Q q 0 0 0 rg BT 293.22 158.25 Td (fewer ) Tj ET Q q 0 0 0 rg BT 318.48 158.25 Td (real ) Tj ET Q q 0 0 0 rg BT 335.96 158.25 Td (or ) Tj ET Q q 0 0 0 rg BT 346.79 158.25 Td (perceived ) Tj ET Q q 0 0 0 rg BT 388.16 158.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 409.55 158.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.38 158.25 Td (leaks.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 134.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.00 134.25 Td (Senior) Tj ET Q q 0 0 0 rg BT 125.60 134.25 Td ( ) Tj ET Q q 0 0 0 rg BT 127.92 134.25 Td (level ) Tj ET Q q 0 0 0 rg BT 149.68 134.25 Td (attention ) Tj ET Q q 0 0 0 rg BT 190.34 134.25 Td (is ) Tj ET Q q 0 0 0 rg BT 199.34 134.25 Td (fundamental ) Tj ET Q q 0 0 0 rg BT 256.12 134.25 Td (to ) Tj ET Q q 0 0 0 rg BT 266.77 134.25 Td (our) Tj ET Q q 0 0 0 rg BT 281.59 134.25 Td ( ) Tj ET Q q 0 0 0 rg BT 283.92 134.25 Td (model) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.03 134.25 Td (. ) Tj ET Q q 0 0 0 rg BT 314.86 134.25 Td ( ) Tj ET Q q 0 0 0 rg BT 317.18 134.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 335.06 134.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 376.82 134.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 416.63 134.25 Td (who ) Tj ET Q q 0 0 0 rg BT 436.18 134.25 Td (are ) Tj ET Q q 0 0 0 rg BT 450.71 134.25 Td (seasoned ) Tj ET Q q 0 0 0 rg BT 489.14 134.25 Td (professionals ) Tj ET Q q 0 0 0 rg BT 544.24 134.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 122.25 Td (both ) Tj ET Q q 0 0 0 rg BT 119.56 122.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 167.21 122.25 Td (expertise ) Tj ET Q q 0 0 0 rg BT 207.08 122.25 Td (and ) Tj ET Q q 0 0 0 rg BT 225.29 122.25 Td (sector ) Tj ET Q q 0 0 0 rg BT 252.95 122.25 Td (and ) Tj ET Q q 0 0 0 rg BT 271.17 122.25 Td (regional ) Tj ET Q q 0 0 0 rg BT 307.71 122.25 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 357.86 122.25 Td (are ) Tj ET Q q 0 0 0 rg BT 373.85 122.25 Td (actively ) Tj ET Q q 0 0 0 rg BT 409.27 122.25 Td (engaged ) Tj ET Q q 0 0 0 rg BT 446.37 122.25 Td (in ) Tj ET Q q 0 0 0 rg BT 457.92 122.25 Td (our ) Tj ET Q q 0 0 0 rg BT 475.03 122.25 Td (client ) Tj ET Q q 0 0 0 rg BT 501.02 122.25 Td (mandates ) Tj ET Q q 0 0 0 rg BT 542.56 122.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 110.25 Td (origination ) Tj ET Q q 0 0 0 rg BT 144.38 110.25 Td (through ) Tj ET Q q 0 0 0 rg BT 177.99 110.25 Td (execution ) Tj ET Q q 0 0 0 rg BT 219.36 110.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.30 110.25 Td (closing. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 86.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.00 86.25 Td (W) Tj ET Q q 0 0 0 rg BT 107.45 86.25 Td (e ) Tj ET Q q 0 0 0 rg BT 114.55 86.25 Td (offer) Tj ET Q q 0 0 0 rg BT 134.91 86.25 Td ( ) Tj ET Q q 0 0 0 rg BT 137.57 86.25 Td (a ) Tj ET Q q 0 0 0 rg BT 145.24 86.25 Td (collaborative ) Tj ET Q q 0 0 0 rg BT 203.45 86.25 Td (appr) Tj ET Q q 0 0 0 rg BT 223.83 86.25 Td (oach ) Tj ET Q q 0 0 0 rg BT 246.49 86.25 Td (to ) Tj ET Q q 0 0 0 rg BT 257.49 86.25 Td (global ) Tj ET Q q 0 0 0 rg BT 286.27 86.25 Td (client ) Tj ET Q q 0 0 0 rg BT 312.26 86.25 Td (service.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.18 86.25 Td ( ) Tj ET Q q 0 0 0 rg BT 346.85 86.25 Td ( ) Tj ET Q q 0 0 0 rg BT 349.51 86.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 367.73 86.25 Td (professionals ) Tj ET Q q 0 0 0 rg BT 423.16 86.25 Td (around ) Tj ET Q q 0 0 0 rg BT 453.60 86.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.48 86.25 Td (globe ) Tj ET Q q 0 0 0 rg BT 493.36 86.25 Td (work ) Tj ET Q q 0 0 0 rg BT 516.58 86.25 Td (together ) Tj ET Q q 0 0 0 rg BT 552.01 86.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 74.25 Td (a ) Tj ET Q q 0 0 0 rg BT 104.94 74.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 126.33 74.25 Td (integrated, ) Tj ET Q q 0 0 0 rg BT 171.31 74.25 Td (one ) Tj ET Q q 0 0 0 rg BT 188.24 74.25 Td (firm-one ) Tj ET Q q 0 0 0 rg BT 225.73 74.25 Td (team ) Tj ET Q q 0 0 0 rg BT 247.66 74.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 286.81 74.25 Td (to ) Tj ET Q q 0 0 0 rg BT 297.09 74.25 Td (advance ) Tj ET Q q 0 0 0 rg BT 332.34 74.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.06 74.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 382.88 74.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.71 74.25 Td (our ) Tj ET Q q 0 0 0 rg BT 409.54 74.25 Td (clients. ) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 742.10 Td (e ) Tj ET Q q 0 0 0 rg BT 78.33 742.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 112.12 742.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 175.90 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 214.13 742.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 251.82 742.10 Td (services ) Tj ET Q q 0 0 0 rg BT 287.28 742.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 327.74 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.77 742.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 385.89 742.10 Td (with ) Tj ET Q q 0 0 0 rg BT 406.92 742.10 Td (mer) Tj ET Q q 0 0 0 rg BT 422.28 742.10 Td (gers ) Tj ET Q q 0 0 0 rg BT 442.19 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 459.88 742.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 513.40 742.10 Td (divestitures, ) Tj ET Q q 0 0 0 rg BT 564.51 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (restructurings, ) Tj ET Q q 0 0 0 rg BT 109.55 730.10 Td (financings, ) Tj ET Q q 0 0 0 rg BT 155.76 730.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 184.47 730.10 Td (raising ) Tj ET Q q 0 0 0 rg BT 213.75 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.25 730.10 Td (other ) Tj ET Q q 0 0 0 rg BT 252.86 730.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 305.03 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 313.67 730.10 Td (e ) Tj ET Q q 0 0 0 rg BT 320.17 730.10 Td (also ) Tj ET Q q 0 0 0 rg BT 338.34 730.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 370.94 730.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 399.10 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 408.94 730.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 454.87 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 474.71 730.10 Td (defense ) Tj ET Q q 0 0 0 rg BT 507.31 730.10 Td (preparedness, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (activist ) Tj ET Q q 0 0 0 rg BT 82.53 718.10 Td (response ) Tj ET Q q 0 0 0 rg BT 121.17 718.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 162.59 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.67 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 204.87 718.10 Td (mission ) Tj ET Q q 0 0 0 rg BT 239.64 718.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 271.05 718.10 Td (situations. ) Tj ET Q q 0 0 0 rg BT 315.53 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 319.18 718.10 Td (For ) Tj ET Q q 0 0 0 rg BT 336.72 718.10 Td (all ) Tj ET Q q 0 0 0 rg BT 350.37 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.35 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 379.33 718.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 417.42 718.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 455.77 718.10 Td (we ) Tj ET Q q 0 0 0 rg BT 471.08 718.10 Td (draw ) Tj ET Q q 0 0 0 rg BT 494.72 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 508.37 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.24 718.10 Td (extensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (experience, ) Tj ET Q q 0 0 0 rg BT 98.30 706.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 125.24 706.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 178.84 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.78 706.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 231.06 706.10 Td (expertise ) Tj ET Q q 0 0 0 rg BT 269.65 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.48 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 296.31 706.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 338.25 706.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 375.73 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.67 706.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 419.61 706.10 Td (advisors.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (Mer) Tj ET Q q 0 0 0 rg BT 66.29 685.10 Td (gers ) Tj ET Q q 0 0 0 rg BT 85.26 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.89 685.10 Td (Acquisitions. ) Tj ET Q q 0 0 0 rg BT 155.59 685.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.34 685.10 Td (On ) Tj ET Q q 0 0 0 rg BT 171.31 685.10 Td (mer) Tj ET Q q 0 0 0 rg BT 186.68 685.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 201.20 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.39 685.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 263.03 685.10 Td (engagements, ) Tj ET Q q 0 0 0 rg BT 319.48 685.10 Td (we ) Tj ET Q q 0 0 0 rg BT 332.90 685.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 365.20 685.10 Td (a ) Tj ET Q q 0 0 0 rg BT 371.39 685.10 Td (broad ) Tj ET Q q 0 0 0 rg BT 395.91 685.10 Td (range ) Tj ET Q q 0 0 0 rg BT 419.87 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.95 685.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 457.80 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 467.33 685.10 Td (global ) Tj ET Q q 0 0 0 rg BT 494.08 685.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 521.93 685.10 Td (in ) Tj ET Q q 0 0 0 rg BT 531.47 685.10 Td (relation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.12 673.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 98.57 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.35 673.10 Td (cross-border ) Tj ET Q q 0 0 0 rg BT 167.68 673.10 Td (mer) Tj ET Q q 0 0 0 rg BT 183.04 673.10 Td (gers, ) Tj ET Q q 0 0 0 rg BT 204.55 673.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 257.16 673.10 Td (divestitures, ) Tj ET Q q 0 0 0 rg BT 308.11 673.10 Td (spin-of) Tj ET Q q 0 0 0 rg BT 336.26 673.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 345.83 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.61 673.10 Td (other ) Tj ET Q q 0 0 0 rg BT 385.50 673.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 421.71 673.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 474.32 673.10 Td (through ) Tj ET Q q 0 0 0 rg BT 507.77 673.10 Td (all ) Tj ET Q q 0 0 0 rg BT 520.11 673.10 Td (stages ) Tj ET Q q 0 0 0 rg BT 546.89 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 557.57 673.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (transaction's ) Tj ET Q q 0 0 0 rg BT 101.53 661.10 Td (life ) Tj ET Q q 0 0 0 rg BT 116.83 661.10 Td (cycle, ) Tj ET Q q 0 0 0 rg BT 142.39 661.10 Td (from ) Tj ET Q q 0 0 0 rg BT 163.80 661.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 189.10 661.10 Td (structuring ) Tj ET Q q 0 0 0 rg BT 234.39 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.80 661.10 Td (negotiation ) Tj ET Q q 0 0 0 rg BT 297.76 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.51 661.10 Td (final ) Tj ET Q q 0 0 0 rg BT 327.80 661.10 Td (execution. ) Tj ET Q q 0 0 0 rg BT 371.14 661.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 388.67 661.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 412.29 661.10 Td (is ) Tj ET Q q 0 0 0 rg BT 420.93 661.10 Td (on ) Tj ET Q q 0 0 0 rg BT 432.90 661.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 473.76 661.10 Td (high-quality) Tj ET Q q 0 0 0 rg BT 521.99 661.10 Td (, ) Tj ET Q q 0 0 0 rg BT 526.46 661.10 Td (unbiased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 80.08 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.84 649.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 120.26 649.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 162.56 649.10 Td (management ) Tj ET Q q 0 0 0 rg BT 217.63 649.10 Td (teams, ) Tj ET Q q 0 0 0 rg BT 247.44 649.10 Td (boards ) Tj ET Q q 0 0 0 rg BT 278.09 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.40 649.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 329.37 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.79 649.10 Td (special ) Tj ET Q q 0 0 0 rg BT 379.54 649.10 Td (committees ) Tj ET Q q 0 0 0 rg BT 429.62 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.94 649.10 Td (prominent ) Tj ET Q q 0 0 0 rg BT 487.03 649.10 Td (lar) Tj ET Q q 0 0 0 rg BT 497.39 649.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 510.82 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.24 649.10 Td (mid-cap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 95.72 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.12 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.86 637.10 Td (key ) Tj ET Q q 0 0 0 rg BT 141.25 637.10 Td (decision ) Tj ET Q q 0 0 0 rg BT 177.54 637.10 Td (makers ) Tj ET Q q 0 0 0 rg BT 209.38 637.10 Td (at ) Tj ET Q q 0 0 0 rg BT 219.55 637.10 Td (governments ) Tj ET Q q 0 0 0 rg BT 274.17 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.56 637.10 Td (at ) Tj ET Q q 0 0 0 rg BT 301.74 637.10 Td (lar) Tj ET Q q 0 0 0 rg BT 312.10 637.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 324.50 637.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 371.91 637.10 Td (on ) Tj ET Q q 0 0 0 rg BT 384.87 637.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 435.60 637.10 Td (that ) Tj ET Q q 0 0 0 rg BT 453.55 637.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 491.50 637.10 Td (are ) Tj ET Q q 0 0 0 rg BT 506.67 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.95 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.13 637.10 Td (highest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 86.16 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.89 625.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.16 625.10 Td (importance ) Tj ET Q q 0 0 0 rg BT 187.43 625.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.50 625.10 Td (our ) Tj ET Q q 0 0 0 rg BT 213.11 625.10 Td (clients. ) Tj ET Q q 0 0 0 rg BT 243.84 625.10 Td (W) Tj ET Q q 0 0 0 rg BT 252.48 625.10 Td (e ) Tj ET Q q 0 0 0 rg BT 259.21 625.10 Td (have ) Tj ET Q q 0 0 0 rg BT 280.37 625.10 Td (specialists ) Tj ET Q q 0 0 0 rg BT 323.77 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.83 625.10 Td (nearly ) Tj ET Q q 0 0 0 rg BT 361.11 625.10 Td (every ) Tj ET Q q 0 0 0 rg BT 385.60 625.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 430.10 625.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 465.17 625.10 Td (sector ) Tj ET Q q 0 0 0 rg BT 491.34 625.10 Td (who ) Tj ET Q q 0 0 0 rg BT 510.85 625.10 Td (work ) Tj ET Q q 0 0 0 rg BT 533.69 625.10 Td (closely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.23 613.10 Td (our ) Tj ET Q q 0 0 0 rg BT 84.01 613.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 129.34 613.10 Td (specialists ) Tj ET Q q 0 0 0 rg BT 171.89 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.13 613.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 213.13 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.79 613.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 257.13 613.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 286.36 613.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 313.91 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.80 613.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 375.12 613.10 Td (execution. ) Tj ET Q q 0 0 0 rg BT 417.95 613.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.40 613.10 Td (In ) Tj ET Q q 0 0 0 rg BT 429.18 613.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 463.41 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.64 613.10 Td (mer) Tj ET Q q 0 0 0 rg BT 488.01 613.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 502.23 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.12 613.10 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 103.07 601.10 Td (we ) Tj ET Q q 0 0 0 rg BT 117.54 601.10 Td (advise ) Tj ET Q q 0 0 0 rg BT 145.89 601.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 174.80 601.10 Td (on ) Tj ET Q q 0 0 0 rg BT 187.61 601.10 Td (a ) Tj ET Q q 0 0 0 rg BT 194.86 601.10 Td (full ) Tj ET Q q 0 0 0 rg BT 211.55 601.10 Td (range ) Tj ET Q q 0 0 0 rg BT 236.57 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.71 601.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 278.27 601.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 314.95 601.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 349.69 601.10 Td (including ) Tj ET Q q 0 0 0 rg BT 390.27 601.10 Td (activist ) Tj ET Q q 0 0 0 rg BT 421.96 601.10 Td (response, ) Tj ET Q q 0 0 0 rg BT 462.26 601.10 Td (defensive ) Tj ET Q q 0 0 0 rg BT 503.38 601.10 Td (tactics, ) Tj ET Q q 0 0 0 rg BT 534.23 601.10 Td (special ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (committee ) Tj ET Q q 0 0 0 rg BT 95.14 589.10 Td (projects, ) Tj ET Q q 0 0 0 rg BT 132.23 589.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 171.26 589.10 Td (deals ) Tj ET Q q 0 0 0 rg BT 194.74 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 212.11 589.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 233.38 589.10 Td (ventures. ) Tj ET Q q 0 0 0 rg BT 272.48 589.10 Td (W) Tj ET Q q 0 0 0 rg BT 281.11 589.10 Td (e ) Tj ET Q q 0 0 0 rg BT 288.48 589.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 321.96 589.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 350.99 589.10 Td (on ) Tj ET Q q 0 0 0 rg BT 363.92 589.10 Td (valuation, ) Tj ET Q q 0 0 0 rg BT 406.57 589.10 Td (negotiation ) Tj ET Q q 0 0 0 rg BT 454.49 589.10 Td (tactics, ) Tj ET Q q 0 0 0 rg BT 485.46 589.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 521.17 589.10 Td (dynamics, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (structuring ) Tj ET Q q 0 0 0 rg BT 96.45 577.10 Td (alternatives, ) Tj ET Q q 0 0 0 rg BT 148.15 577.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 177.39 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.95 577.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 226.39 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.84 577.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 291.23 577.10 Td (as ) Tj ET Q q 0 0 0 rg BT 302.68 577.10 Td (well ) Tj ET Q q 0 0 0 rg BT 323.01 577.10 Td (as ) Tj ET Q q 0 0 0 rg BT 334.46 577.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 375.35 577.10 Td (alternatives. ) Tj ET Q q 0 0 0 rg BT 427.06 577.10 Td (In ) Tj ET Q q 0 0 0 rg BT 438.51 577.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 487.16 577.10 Td (situations, ) Tj ET Q q 0 0 0 rg BT 531.11 577.10 Td (we ) Tj ET Q q 0 0 0 rg BT 545.89 577.10 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 83.05 565.10 Td (fairness ) Tj ET Q q 0 0 0 rg BT 116.65 565.10 Td (opinions ) Tj ET Q q 0 0 0 rg BT 153.59 565.10 Td (with ) Tj ET Q q 0 0 0 rg BT 173.87 565.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 201.91 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.19 565.10 Td (mer) Tj ET Q q 0 0 0 rg BT 227.55 565.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 242.82 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.76 565.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 306.14 565.10 Td (transactions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (Financing ) Tj ET Q q 0 0 0 rg BT 93.39 544.10 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 131.41 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.88 544.10 Td (Restructuring) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.88 544.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 206.38 544.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.85 544.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 226.87 544.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 267.10 544.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 304.01 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.92 544.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 374.48 544.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 408.59 544.10 Td (encompasses ) Tj ET Q q 0 0 0 rg BT 463.27 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 470.18 544.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 492.08 544.10 Td (range ) Tj ET Q q 0 0 0 rg BT 516.76 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.56 544.10 Td (advisory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 87.50 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.29 532.10 Td (In ) Tj ET Q q 0 0 0 rg BT 101.41 532.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 121.41 532.10 Td (restructurings, ) Tj ET Q q 0 0 0 rg BT 181.69 532.10 Td (we ) Tj ET Q q 0 0 0 rg BT 196.14 532.10 Td (advise ) Tj ET Q q 0 0 0 rg BT 224.47 532.10 Td (debtors, ) Tj ET Q q 0 0 0 rg BT 259.20 532.10 Td (creditors, ) Tj ET Q q 0 0 0 rg BT 299.48 532.10 Td (governments, ) Tj ET Q q 0 0 0 rg BT 356.42 532.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 390.32 532.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 415.33 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.56 532.10 Td (other ) Tj ET Q q 0 0 0 rg BT 455.89 532.10 Td (stakeholders ) Tj ET Q q 0 0 0 rg BT 508.67 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.24 532.10 Td (companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (experiencing ) Tj ET Q q 0 0 0 rg BT 103.83 520.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 141.01 520.10 Td (distress, ) Tj ET Q q 0 0 0 rg BT 175.70 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 186.23 520.10 Td (well ) Tj ET Q q 0 0 0 rg BT 205.64 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 216.16 520.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 253.35 520.10 Td (acquirers ) Tj ET Q q 0 0 0 rg BT 292.18 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.71 520.10 Td (distressed ) Tj ET Q q 0 0 0 rg BT 344.34 520.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 389.30 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.93 520.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 433.80 520.10 Td (W) Tj ET Q q 0 0 0 rg BT 442.43 520.10 Td (e ) Tj ET Q q 0 0 0 rg BT 449.07 520.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 481.81 520.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 510.09 520.10 Td (on ) Tj ET Q q 0 0 0 rg BT 522.29 520.10 Td (valuation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 103.51 508.10 Td (alternatives, ) Tj ET Q q 0 0 0 rg BT 154.52 508.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 183.58 508.10 Td (structures, ) Tj ET Q q 0 0 0 rg BT 227.38 508.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 267.56 508.10 Td (alternatives, ) Tj ET Q q 0 0 0 rg BT 318.56 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.42 508.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 357.28 508.10 Td (or ) Tj ET Q q 0 0 0 rg BT 368.02 508.10 Td (recapitalizations, ) Tj ET Q q 0 0 0 rg BT 438.46 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.32 508.10 Td (assist ) Tj ET Q q 0 0 0 rg BT 479.40 508.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 507.92 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.12 508.10 Td (identifying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.61 496.10 Td (capitalizing ) Tj ET Q q 0 0 0 rg BT 115.43 496.10 Td (on ) Tj ET Q q 0 0 0 rg BT 127.60 496.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 164.76 496.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 214.13 496.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 246.29 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.79 496.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 282.96 496.10 Td (W) Tj ET Q q 0 0 0 rg BT 291.60 496.10 Td (e ) Tj ET Q q 0 0 0 rg BT 298.21 496.10 Td (also ) Tj ET Q q 0 0 0 rg BT 316.49 496.10 Td (assist ) Tj ET Q q 0 0 0 rg BT 340.33 496.10 Td (those ) Tj ET Q q 0 0 0 rg BT 363.62 496.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 391.89 496.10 Td (who ) Tj ET Q q 0 0 0 rg BT 411.28 496.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 431.22 496.10 Td (court-assisted ) Tj ET Q q 0 0 0 rg BT 488.38 496.10 Td (reor) Tj ET Q q 0 0 0 rg BT 504.30 496.10 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 552.01 496.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 97.62 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.24 484.10 Td (seeking ) Tj ET Q q 0 0 0 rg BT 148.98 484.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 187.15 484.10 Td (for ) Tj ET Q q 0 0 0 rg BT 201.99 484.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 226.29 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.81 484.10 Td (reor) Tj ET Q q 0 0 0 rg BT 253.72 484.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 298.56 484.10 Td (as ) Tj ET Q q 0 0 0 rg BT 310.08 484.10 Td (well ) Tj ET Q q 0 0 0 rg BT 330.48 484.10 Td (as ) Tj ET Q q 0 0 0 rg BT 341.99 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.40 484.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 423.35 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.86 484.10 Td (such ) Tj ET Q q 0 0 0 rg BT 456.38 484.10 Td (plans. ) Tj ET Q q 0 0 0 rg BT 483.17 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 486.36 484.10 Td (In ) Tj ET Q q 0 0 0 rg BT 497.88 484.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 533.84 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 544.80 484.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (restructurings, ) Tj ET Q q 0 0 0 rg BT 109.65 472.10 Td (we ) Tj ET Q q 0 0 0 rg BT 123.47 472.10 Td (advise ) Tj ET Q q 0 0 0 rg BT 151.19 472.10 Td (on ) Tj ET Q q 0 0 0 rg BT 163.35 472.10 Td (a ) Tj ET Q q 0 0 0 rg BT 169.95 472.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 199.88 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.38 472.10 Td (other ) Tj ET Q q 0 0 0 rg BT 233.09 472.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 273.02 472.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 307.11 472.10 Td (including ) Tj ET Q q 0 0 0 rg BT 347.05 472.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 366.43 472.10 Td (issuances, ) Tj ET Q q 0 0 0 rg BT 408.87 472.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 436.03 472.10 Td (financings, ) Tj ET Q q 0 0 0 rg BT 482.35 472.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 522.26 472.10 Td (of) Tj ET Q q 0 0 0 rg BT 530.41 472.10 Td (fers ) Tj ET Q q 0 0 0 rg BT 547.57 472.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (spin-of) Tj ET Q q 0 0 0 rg BT 78.15 460.10 Td (f ) Tj ET Q q 0 0 0 rg BT 84.47 460.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 137.72 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.50 460.10 Td (W) Tj ET Q q 0 0 0 rg BT 149.13 460.10 Td (e ) Tj ET Q q 0 0 0 rg BT 156.56 460.10 Td (also ) Tj ET Q q 0 0 0 rg BT 175.66 460.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 209.20 460.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 238.28 460.10 Td (on ) Tj ET Q q 0 0 0 rg BT 251.27 460.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 277.59 460.10 Td (public ) Tj ET Q q 0 0 0 rg BT 305.57 460.10 Td (of) Tj ET Q q 0 0 0 rg BT 313.72 460.10 Td (ferings ) Tj ET Q q 0 0 0 rg BT 344.48 460.10 Td (\(IPOs\) ) Tj ET Q q 0 0 0 rg BT 374.14 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.57 460.10 Td (other ) Tj ET Q q 0 0 0 rg BT 415.10 460.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 443.09 460.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 472.73 460.10 Td (market ) Tj ET Q q 0 0 0 rg BT 503.48 460.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 554.23 460.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (which ) Tj ET Q q 0 0 0 rg BT 77.60 448.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 106.87 448.10 Td (value ) Tj ET Q q 0 0 0 rg BT 131.69 448.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 183.73 448.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 212.99 448.10 Td (from ) Tj ET Q q 0 0 0 rg BT 235.59 448.10 Td (a ) Tj ET Q q 0 0 0 rg BT 243.20 448.10 Td (knowledgeable ) Tj ET Q q 0 0 0 rg BT 306.90 448.10 Td (advisor ) Tj ET Q q 0 0 0 rg BT 339.50 448.10 Td (who ) Tj ET Q q 0 0 0 rg BT 359.89 448.10 Td (does ) Tj ET Q q 0 0 0 rg BT 381.38 448.10 Td (not ) Tj ET Q q 0 0 0 rg BT 397.33 448.10 Td (stand ) Tj ET Q q 0 0 0 rg BT 421.60 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.54 448.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 452.92 448.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 498.86 448.10 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 553.68 448.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (placement ) Tj ET Q q 0 0 0 rg BT 93.59 436.10 Td (fees. ) Tj ET Q q 0 0 0 rg BT 114.69 436.10 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 81.99 415.10 Td (Advisory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.53 415.10 Td (. ) Tj ET Q q 0 0 0 rg BT 122.17 415.10 Td (In ) Tj ET Q q 0 0 0 rg BT 132.64 415.10 Td (our ) Tj ET Q q 0 0 0 rg BT 148.11 415.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 176.90 415.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 213.47 415.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 252.00 415.10 Td (we ) Tj ET Q q 0 0 0 rg BT 265.80 415.10 Td (assist ) Tj ET Q q 0 0 0 rg BT 289.61 415.10 Td (general ) Tj ET Q q 0 0 0 rg BT 321.17 415.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 355.51 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.09 415.10 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 409.23 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.15 415.10 Td (raising ) Tj ET Q q 0 0 0 rg BT 448.50 415.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 477.29 415.10 Td (for ) Tj ET Q q 0 0 0 rg BT 491.09 415.10 Td (new ) Tj ET Q q 0 0 0 rg BT 509.89 415.10 Td (private ) Tj ET Q q 0 0 0 rg BT 539.79 415.10 Td (funds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.10 403.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 100.30 403.10 Td (related ) Tj ET Q q 0 0 0 rg BT 130.16 403.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 167.26 403.10 Td (services ) Tj ET Q q 0 0 0 rg BT 202.12 403.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.56 403.10 Td (these ) Tj ET Q q 0 0 0 rg BT 235.76 403.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 267.30 403.10 Td (globally) Tj ET Q q 0 0 0 rg BT 299.43 403.10 Td (. ) Tj ET Q q 0 0 0 rg BT 304.58 403.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 322.79 403.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 352.10 403.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 389.20 403.10 Td (group ) Tj ET Q q 0 0 0 rg BT 415.19 403.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 452.28 403.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 481.04 403.10 Td (with ) Tj ET Q q 0 0 0 rg BT 501.48 403.10 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (global ) Tj ET Q q 0 0 0 rg BT 77.45 391.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 120.45 391.10 Td (ef) Tj ET Q q 0 0 0 rg BT 128.04 391.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 148.82 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.06 391.10 Td (a ) Tj ET Q q 0 0 0 rg BT 165.95 391.10 Td (diverse ) Tj ET Q q 0 0 0 rg BT 197.29 391.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 231.96 391.10 Td (base ) Tj ET Q q 0 0 0 rg BT 252.18 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.97 391.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 296.53 391.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 323.71 391.10 Td (sovereign ) Tj ET Q q 0 0 0 rg BT 365.04 391.10 Td (wealth ) Tj ET Q q 0 0 0 rg BT 394.16 391.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 421.33 391.10 Td (endowments ) Tj ET Q q 0 0 0 rg BT 474.34 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.23 391.10 Td (other ) Tj ET Q q 0 0 0 rg BT 514.23 391.10 Td (institutional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 88.92 379.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 134.51 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.76 379.10 Td (is ) Tj ET Q q 0 0 0 rg BT 161.25 379.10 Td (one ) Tj ET Q q 0 0 0 rg BT 178.51 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.65 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.69 379.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 236.94 379.10 Td (advisors ) Tj ET Q q 0 0 0 rg BT 273.08 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.68 379.10 Td (real ) Tj ET Q q 0 0 0 rg BT 301.48 379.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 327.06 379.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 352.10 379.10 Td (globally) Tj ET Q q 0 0 0 rg BT 384.22 379.10 Td (. ) Tj ET Q q 0 0 0 rg BT 389.33 379.10 Td (Through ) Tj ET Q q 0 0 0 rg BT 426.59 379.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 458.29 379.10 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 496.38 379.10 Td (LP) Tj ET Q q 0 0 0 rg BT 507.68 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 510.49 379.10 Td (\("Cogent" ) Tj ET Q q 0 0 0 rg BT 553.69 379.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (now ) Tj ET Q q 0 0 0 rg BT 69.59 367.10 Td (known ) Tj ET Q q 0 0 0 rg BT 99.18 367.10 Td (as ) Tj ET Q q 0 0 0 rg BT 109.89 367.10 Td ("Greenhill ) Tj ET Q q 0 0 0 rg BT 154.10 367.10 Td (Cogent"\), ) Tj ET Q q 0 0 0 rg BT 195.27 367.10 Td (which ) Tj ET Q q 0 0 0 rg BT 222.08 367.10 Td (we ) Tj ET Q q 0 0 0 rg BT 236.11 367.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 272.91 367.10 Td (on ) Tj ET Q q 0 0 0 rg BT 284.75 367.10 Td (April ) Tj ET Q q 0 0 0 rg BT 308.23 367.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 318.10 367.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 342.97 367.10 Td (we ) Tj ET Q q 0 0 0 rg BT 357.00 367.10 Td (also ) Tj ET Q q 0 0 0 rg BT 375.48 367.10 Td (are ) Tj ET Q q 0 0 0 rg BT 390.06 367.10 Td (one ) Tj ET Q q 0 0 0 rg BT 406.87 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.57 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.16 367.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 463.96 367.10 Td (global ) Tj ET Q q 0 0 0 rg BT 491.33 367.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 528.68 367.10 Td (advisors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.72 355.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 92.77 355.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 119.43 355.10 Td (endowments ) Tj ET Q q 0 0 0 rg BT 171.92 355.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.29 355.10 Td (other ) Tj ET Q q 0 0 0 rg BT 210.78 355.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 260.50 355.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 298.55 355.10 Td (on ) Tj ET Q q 0 0 0 rg BT 310.49 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.64 355.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 367.12 355.10 Td (market ) Tj ET Q q 0 0 0 rg BT 396.82 355.10 Td (for ) Tj ET Q q 0 0 0 rg BT 410.42 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.58 355.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 442.07 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.34 355.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 496.48 355.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 524.25 355.10 Td (Greenhill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 81.15 343.10 Td (advises ) Tj ET Q q 0 0 0 rg BT 112.84 343.10 Td (such ) Tj ET Q q 0 0 0 rg BT 133.43 343.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 180.14 343.10 Td (on ) Tj ET Q q 0 0 0 rg BT 192.40 343.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 235.20 343.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 256.89 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.48 343.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 303.06 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.10 343.10 Td (private ) Tj ET Q q 0 0 0 rg BT 343.12 343.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 370.38 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.07 343.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 417.10 343.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 444.08 343.10 Td (as ) Tj ET Q q 0 0 0 rg BT 454.67 343.10 Td (well ) Tj ET Q q 0 0 0 rg BT 474.15 343.10 Td (as ) Tj ET Q q 0 0 0 rg BT 484.74 343.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 525.88 343.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 554.23 343.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 94.70 331.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 116.64 331.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 137.47 331.10 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 174.97 331.10 Td (for ) Tj ET Q q 0 0 0 rg BT 189.13 331.10 Td (restructuring, ) Tj ET Q q 0 0 0 rg BT 245.22 331.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 287.99 331.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 327.70 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.64 331.10 Td (related ) Tj ET Q q 0 0 0 rg BT 374.34 331.10 Td (services.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 289.10 Td (Substantially ) Tj ET Q q 0 0 0 rg BT 117.10 289.10 Td (all ) Tj ET Q q 0 0 0 rg BT 129.98 289.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.20 289.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.41 289.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 195.83 289.10 Td (are ) Tj ET Q q 0 0 0 rg BT 210.92 289.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 243.79 289.10 Td (from ) Tj ET Q q 0 0 0 rg BT 266.11 289.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 285.09 289.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 305.19 289.10 Td (for ) Tj ET Q q 0 0 0 rg BT 319.74 289.10 Td (our ) Tj ET Q q 0 0 0 rg BT 335.95 289.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 373.27 289.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 410.86 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.18 289.10 Td (are ) Tj ET Q q 0 0 0 rg BT 443.27 289.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 483.37 289.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 511.80 289.10 Td (by ) Tj ET Q q 0 0 0 rg BT 524.68 289.10 Td (total ) Tj ET Q q 0 0 0 rg BT 545.34 289.10 Td (deal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (volume, ) Tj ET Q q 0 0 0 rg BT 84.88 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.48 277.10 Td (number ) Tj ET Q q 0 0 0 rg BT 132.41 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.12 277.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 193.27 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.09 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.69 277.10 Td (size ) Tj ET Q q 0 0 0 rg BT 242.62 277.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.33 277.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 296.26 277.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 348.74 277.10 Td (While ) Tj ET Q q 0 0 0 rg BT 375.56 277.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 394.04 277.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 427.51 277.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 449.90 277.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.50 277.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 507.98 277.10 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 553.69 277.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.99 265.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 103.41 265.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 143.17 265.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 182.36 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.13 265.10 Td (lar) Tj ET Q q 0 0 0 rg BT 207.50 265.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 226.16 265.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 257.60 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.48 265.10 Td (our ) Tj ET Q q 0 0 0 rg BT 284.36 265.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 321.35 265.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 342.50 265.10 Td (we ) Tj ET Q q 0 0 0 rg BT 356.71 265.10 Td (also ) Tj ET Q q 0 0 0 rg BT 375.37 265.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 395.13 265.10 Td (on-going ) Tj ET Q q 0 0 0 rg BT 433.79 265.10 Td (retainer ) Tj ET Q q 0 0 0 rg BT 466.87 265.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 488.02 265.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 541.12 265.10 Td (all ) Tj ET Q q 0 0 0 rg BT 553.67 265.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.50 253.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 100.76 253.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.60 253.10 Td (non-success ) Tj ET Q q 0 0 0 rg BT 160.99 253.10 Td (based ) Tj ET Q q 0 0 0 rg BT 185.82 253.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 221.75 253.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 258.25 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.75 253.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 314.58 253.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 351.08 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 367.58 253.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 420.74 253.10 Td (assignments, ) Tj ET Q q 0 0 0 rg BT 474.18 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.68 253.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 508.85 253.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 542.00 253.10 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.70 241.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 130.49 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.30 241.10 Td (an ) Tj ET Q q 0 0 0 rg BT 153.22 241.10 Td (engagement ) Tj ET Q q 0 0 0 rg BT 204.02 241.10 Td (or ) Tj ET Q q 0 0 0 rg BT 214.83 241.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 237.31 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.01 241.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 305.02 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.83 241.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 345.52 241.10 Td (milestones, ) Tj ET Q q 0 0 0 rg BT 393.28 241.10 Td (such ) Tj ET Q q 0 0 0 rg BT 414.09 241.10 Td (as ) Tj ET Q q 0 0 0 rg BT 424.90 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.60 241.10 Td (announcement ) Tj ET Q q 0 0 0 rg BT 500.40 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.21 241.10 Td (a ) Tj ET Q q 0 0 0 rg BT 518.13 241.10 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.86 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.61 229.10 Td (rendering ) Tj ET Q q 0 0 0 rg BT 116.46 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.32 229.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.29 229.10 Td (fairness ) Tj ET Q q 0 0 0 rg BT 167.92 229.10 Td (opinion. ) Tj ET Q q 0 0 0 rg BT 203.51 229.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.48 229.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 255.38 229.10 Td (, ) Tj ET Q q 0 0 0 rg BT 260.42 229.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.73 229.10 Td (our ) Tj ET Q q 0 0 0 rg BT 286.59 229.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 315.77 229.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 352.74 229.10 Td (engagements, ) Tj ET Q q 0 0 0 rg BT 409.97 229.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 448.04 229.10 Td (are ) Tj ET Q q 0 0 0 rg BT 462.78 229.10 Td (driven ) Tj ET Q q 0 0 0 rg BT 490.86 229.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.17 229.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 535.36 229.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (raising ) Tj ET Q q 0 0 0 rg BT 79.08 217.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 128.72 217.10 Td (lar) Tj ET Q q 0 0 0 rg BT 139.08 217.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 158.17 217.10 Td (by ) Tj ET Q q 0 0 0 rg BT 170.03 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.12 217.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 215.98 217.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.18 217.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 254.70 217.10 Td (raised ) Tj ET Q q 0 0 0 rg BT 280.44 217.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.75 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.39 217.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 348.80 217.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 366.21 217.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 415.84 217.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 454.92 217.10 Td (by ) Tj ET Q q 0 0 0 rg BT 466.79 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.88 217.10 Td (value ) Tj ET Q q 0 0 0 rg BT 504.40 217.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.60 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.68 217.10 Td (interests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (transferred. ) Tj ET Q q 0 0 0 rg BT 97.90 205.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.85 205.10 Td (W) Tj ET Q q 0 0 0 rg BT 108.48 205.10 Td (e ) Tj ET Q q 0 0 0 rg BT 115.02 205.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 154.32 205.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 173.62 205.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 210.15 205.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 228.35 205.10 Td (based ) Tj ET Q q 0 0 0 rg BT 253.21 205.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 275.31 205.10 Td (a ) Tj ET Q q 0 0 0 rg BT 281.85 205.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 327.24 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.67 205.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 366.42 205.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 411.28 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.15 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.47 205.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 455.89 205.10 Td (at ) Tj ET Q q 0 0 0 rg BT 465.21 205.10 Td (each ) Tj ET Q q 0 0 0 rg BT 485.62 205.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 516.60 205.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 547.58 205.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (at ) Tj ET Q q 0 0 0 rg BT 60.23 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.46 193.10 Td (final ) Tj ET Q q 0 0 0 rg BT 96.79 193.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 128.69 193.10 Td (for ) Tj ET Q q 0 0 0 rg BT 143.36 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.59 193.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 191.60 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.94 193.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 232.60 193.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 278.38 193.10 Td (since ) Tj ET Q q 0 0 0 rg BT 301.94 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.17 193.10 Td (last ) Tj ET Q q 0 0 0 rg BT 334.07 193.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 365.96 193.10 Td (closing. ) Tj ET Q q 0 0 0 rg BT 400.36 193.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 418.92 193.10 Td (total ) Tj ET Q q 0 0 0 rg BT 439.71 193.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 478.26 193.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.05 193.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.05 193.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.06 193.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.50 193.10 Td ($261.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 181.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.11 181.10 Td (as ) Tj ET Q q 0 0 0 rg BT 91.65 181.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 133.29 181.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.29 181.10 Td ($275.2 ) Tj ET Q q 0 0 0 rg BT 173.00 181.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.89 181.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.11 181.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.10 181.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.10 181.10 Td (. ) Tj ET Q q 0 0 0 rg BT 238.66 181.10 Td (W) Tj ET Q q 0 0 0 rg BT 247.30 181.10 Td (e ) Tj ET Q q 0 0 0 rg BT 253.95 181.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.03 181.10 Td (34%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.36 181.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.58 181.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.23 181.10 Td (42%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.56 181.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.78 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.32 181.10 Td (our ) Tj ET Q q 0 0 0 rg BT 378.87 181.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 416.62 181.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.62 181.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.62 181.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.83 181.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.49 181.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.49 181.10 Td (, ) Tj ET Q q 0 0 0 rg BT 490.20 181.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 537.86 181.10 Td (, ) Tj ET Q q 0 0 0 rg BT 542.58 181.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.19 169.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 95.94 169.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 141.96 169.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.82 169.10 Td (See ) Tj ET Q q 0 0 0 rg BT 160.12 169.10 Td (Note18- ) Tj ET Q q 0 0 0 rg BT 204.19 169.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 241.62 169.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 295.69 169.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.88 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.96 169.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 374.60 169.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 413.67 169.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 459.42 169.10 Td (for ) Tj ET Q q 0 0 0 rg BT 472.95 169.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 514.80 169.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 90.82 157.10 Td (our ) Tj ET Q q 0 0 0 rg BT 106.65 157.10 Td (segment ) Tj ET Q q 0 0 0 rg BT 142.47 157.10 Td (results ) Tj ET Q q 0 0 0 rg BT 171.08 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.02 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 202.73 157.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 249.66 157.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 272.70 157.10 Td (from ) Tj ET Q q 0 0 0 rg BT 294.63 157.10 Td (which ) Tj ET Q q 0 0 0 rg BT 321.57 157.10 Td (we ) Tj ET Q q 0 0 0 rg BT 335.73 157.10 Td (derive ) Tj ET Q q 0 0 0 rg BT 363.22 157.10 Td (our ) Tj ET Q q 0 0 0 rg BT 379.05 157.10 Td (revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 136.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 86.99 136.10 Td (we ) Tj ET Q q 0 0 0 rg BT 101.41 136.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 120.85 136.10 Td (our ) Tj ET Q q 0 0 0 rg BT 136.95 136.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 176.92 136.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 211.91 136.10 Td (business ) Tj ET Q q 0 0 0 rg BT 248.57 136.10 Td (in ) Tj ET Q q 0 0 0 rg BT 259.11 136.10 Td (2009 ) Tj ET Q q 0 0 0 rg BT 281.88 136.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.43 136.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 316.86 136.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 343.51 136.10 Td (on ) Tj ET Q q 0 0 0 rg BT 356.28 136.10 Td (our ) Tj ET Q q 0 0 0 rg BT 372.38 136.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 419.03 136.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 454.02 136.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 491.22 136.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 528.70 136.10 Td (we ) Tj ET Q q 0 0 0 rg BT 543.13 136.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 68.98 124.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 121.85 124.10 Td (all ) Tj ET Q q 0 0 0 rg BT 134.15 124.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.79 124.10 Td (our ) Tj ET Q q 0 0 0 rg BT 160.44 124.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 210.52 124.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.61 124.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 265.14 124.10 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 308.01 124.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 347.52 124.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 382.05 124.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 406.58 124.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.33 124.10 Td (our ) Tj ET Q q 0 0 0 rg BT 438.97 124.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 475.73 124.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 521.92 124.10 Td (in ) Tj ET Q q 0 0 0 rg BT 532.01 124.10 Td (Iridium ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.10 Td (Communications ) Tj ET Q q 0 0 0 rg BT 121.85 112.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 140.64 112.10 Td (\(Iridium\). ) Tj ET Q q 0 0 0 rg BT 192.20 112.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.94 112.10 Td (As ) Tj ET Q q 0 0 0 rg BT 209.58 112.10 Td (a ) Tj ET Q q 0 0 0 rg BT 217.54 112.10 Td (result ) Tj ET Q q 0 0 0 rg BT 243.28 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.13 112.10 Td (these ) Tj ET Q q 0 0 0 rg BT 279.20 112.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 304.66 112.10 Td (a ) Tj ET Q q 0 0 0 rg BT 312.62 112.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 345.03 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.88 112.10 Td (our ) Tj ET Q q 0 0 0 rg BT 373.73 112.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 403.91 112.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 442.97 112.10 Td (has ) Tj ET Q q 0 0 0 rg BT 459.82 112.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 500.56 112.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.41 112.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 547.57 112.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 94.07 100.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 117.60 100.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 131.69 100.10 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 161.34 100.10 Td (on ) Tj ET Q q 0 0 0 rg BT 173.76 100.10 Td (our ) Tj ET Q q 0 0 0 rg BT 189.52 100.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 239.72 100.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.93 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.57 100.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 304.20 100.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 338.84 100.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 363.49 100.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.36 100.10 Td (Iridium. ) Tj ET Q q 0 0 0 rg BT 415.28 100.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.53 100.10 Td (W) Tj ET Q q 0 0 0 rg BT 426.57 100.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 439.55 100.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.19 100.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 499.95 100.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.71 100.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.47 100.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 88.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.69 88.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 134.50 88.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 187.86 88.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 227.32 88.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.90 88.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 263.21 88.10 Td (our ) Tj ET Q q 0 0 0 rg BT 279.35 88.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 326.04 88.10 Td (income ) Tj ET Q q 0 0 0 rg BT 358.28 88.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 397.19 88.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 431.67 88.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 471.69 88.10 Td (of ) Tj ET Q q 0 0 0 rg BT 482.83 88.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 515.07 88.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 549.81 88.10 Td ( ) Tj ET Q q 0 0 0 rg BT 552.00 88.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 76.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.12 76.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.12 76.10 Td (, ) Tj ET Q q 0 0 0 rg BT 132.66 76.10 Td (our ) Tj ET Q q 0 0 0 rg BT 148.02 76.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 190.60 76.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 240.41 76.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 279.66 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.03 76.10 Td (a ) Tj ET Q q 0 0 0 rg BT 296.50 76.10 Td (small ) Tj ET Q q 0 0 0 rg BT 320.21 76.10 Td (group ) Tj ET Q q 0 0 0 rg BT 345.57 76.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.94 76.10 Td (diverse ) Tj ET Q q 0 0 0 rg BT 386.85 76.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 436.66 76.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.47 76.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 485.71 76.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 519.97 76.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 544.22 76.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 64.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.94 64.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 102.76 64.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 119.14 64.10 Td (value ) Tj ET Q q 0 0 0 rg BT 143.29 64.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.12 64.10 Td ($3.6 ) Tj ET Q q 0 0 0 rg BT 174.12 64.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.01 64.10 Td (. ) Tj ET Q q 0 0 0 rg BT 208.01 64.10 Td ( ) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 721.25 Td (As ) Tj ET Q q 0 0 0 rg BT 76.39 721.25 Td (an ) Tj ET Q q 0 0 0 rg BT 89.11 721.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 141.26 721.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 188.42 721.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 211.14 721.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 245.52 721.25 Td (solely ) Tj ET Q q 0 0 0 rg BT 272.68 721.25 Td (on ) Tj ET Q q 0 0 0 rg BT 285.96 721.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 323.68 721.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 361.66 721.25 Td (our ) Tj ET Q q 0 0 0 rg BT 378.27 721.25 Td (people ) Tj ET Q q 0 0 0 rg BT 408.21 721.25 Td (are ) Tj ET Q q 0 0 0 rg BT 423.69 721.25 Td (our ) Tj ET Q q 0 0 0 rg BT 440.30 721.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 475.23 721.25 Td (asset. ) Tj ET Q q 0 0 0 rg BT 500.45 721.25 Td ( ) Tj ET Q q 0 0 0 rg BT 503.73 721.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 522.56 721.25 Td (managing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 87.55 709.25 Td (and ) Tj ET Q q 0 0 0 rg BT 104.55 709.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 131.56 709.25 Td (advisors ) Tj ET Q q 0 0 0 rg BT 167.45 709.25 Td (average ) Tj ET Q q 0 0 0 rg BT 201.10 709.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 261.42 709.25 Td (25 ) Tj ET Q q 0 0 0 rg BT 273.99 709.25 Td (years ) Tj ET Q q 0 0 0 rg BT 297.65 709.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.55 709.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 343.32 709.25 Td (experience, ) Tj ET Q q 0 0 0 rg BT 391.68 709.25 Td (which ) Tj ET Q q 0 0 0 rg BT 418.68 709.25 Td (they ) Tj ET Q q 0 0 0 rg BT 438.47 709.25 Td (leverage ) Tj ET Q q 0 0 0 rg BT 474.89 709.25 Td (to ) Tj ET Q q 0 0 0 rg BT 485.24 709.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 518.35 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.13 709.25 Td (highest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 80.40 697.25 Td (advice ) Tj ET Q q 0 0 0 rg BT 109.13 697.25 Td (on ) Tj ET Q q 0 0 0 rg BT 121.76 697.25 Td (a ) Tj ET Q q 0 0 0 rg BT 128.82 697.25 Td (collaborative, ) Tj ET Q q 0 0 0 rg BT 186.15 697.25 Td (globally ) Tj ET Q q 0 0 0 rg BT 221.55 697.25 Td (integrated ) Tj ET Q q 0 0 0 rg BT 264.16 697.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 286.79 697.25 Td (across ) Tj ET Q q 0 0 0 rg BT 314.41 697.25 Td (our ) Tj ET Q q 0 0 0 rg BT 330.37 697.25 Td (full ) Tj ET Q q 0 0 0 rg BT 346.89 697.25 Td (range ) Tj ET Q q 0 0 0 rg BT 371.72 697.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.68 697.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 420.02 697.25 Td ( ) Tj ET Q q 0 0 0 rg BT 422.65 697.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 440.83 697.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 482.89 697.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 520.51 697.25 Td (and ) Tj ET Q q 0 0 0 rg BT 537.58 697.25 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (advisors ) Tj ET Q q 0 0 0 rg BT 86.58 685.25 Td (are ) Tj ET Q q 0 0 0 rg BT 102.03 685.25 Td (supported ) Tj ET Q q 0 0 0 rg BT 144.71 685.25 Td (by ) Tj ET Q q 0 0 0 rg BT 157.96 685.25 Td (a ) Tj ET Q q 0 0 0 rg BT 165.64 685.25 Td (strong ) Tj ET Q q 0 0 0 rg BT 193.89 685.25 Td (team ) Tj ET Q q 0 0 0 rg BT 216.57 685.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.15 685.25 Td (more ) Tj ET Q q 0 0 0 rg BT 251.94 685.25 Td (junior ) Tj ET Q q 0 0 0 rg BT 279.07 685.25 Td (professionals ) Tj ET Q q 0 0 0 rg BT 335.09 685.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.77 685.25 Td (we ) Tj ET Q q 0 0 0 rg BT 367.68 685.25 Td (spend ) Tj ET Q q 0 0 0 rg BT 394.25 685.25 Td (a ) Tj ET Q q 0 0 0 rg BT 401.94 685.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 447.40 685.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 480.64 685.25 Td (of ) Tj ET Q q 0 0 0 rg BT 492.21 685.25 Td (time ) Tj ET Q q 0 0 0 rg BT 513.23 685.25 Td (training ) Tj ET Q q 0 0 0 rg BT 547.58 685.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (mentoring ) Tj ET Q q 0 0 0 rg BT 93.64 673.25 Td (our ) Tj ET Q q 0 0 0 rg BT 109.50 673.25 Td (junior ) Tj ET Q q 0 0 0 rg BT 135.92 673.25 Td (professionals. ) Tj ET Q q 0 0 0 rg BT 193.54 673.25 Td (W) Tj ET Q q 0 0 0 rg BT 202.18 673.25 Td (e ) Tj ET Q q 0 0 0 rg BT 209.15 673.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 229.45 673.25 Td (to ) Tj ET Q q 0 0 0 rg BT 239.76 673.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 272.84 673.25 Td (our ) Tj ET Q q 0 0 0 rg BT 288.70 673.25 Td (junior ) Tj ET Q q 0 0 0 rg BT 315.12 673.25 Td (professionals ) Tj ET Q q 0 0 0 rg BT 370.43 673.25 Td (with ) Tj ET Q q 0 0 0 rg BT 390.74 673.25 Td (broad ) Tj ET Q q 0 0 0 rg BT 416.04 673.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 454.67 673.25 Td (to ) Tj ET Q q 0 0 0 rg BT 464.98 673.25 Td (a ) Tj ET Q q 0 0 0 rg BT 471.95 673.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 502.25 673.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.11 673.25 Td (assignments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 90.44 661.25 Td (mer) Tj ET Q q 0 0 0 rg BT 105.80 661.25 Td (gers ) Tj ET Q q 0 0 0 rg BT 124.56 661.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.10 661.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 193.48 661.25 Td (divestitures, ) Tj ET Q q 0 0 0 rg BT 244.18 661.25 Td (restructurings, ) Tj ET Q q 0 0 0 rg BT 303.77 661.25 Td (financings, ) Tj ET Q q 0 0 0 rg BT 350.02 661.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 378.78 661.25 Td (raisings ) Tj ET Q q 0 0 0 rg BT 411.99 661.25 Td (and ) Tj ET Q q 0 0 0 rg BT 428.53 661.25 Td (other ) Tj ET Q q 0 0 0 rg BT 451.17 661.25 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 503.54 661.25 Td ( ) Tj ET Q q 0 0 0 rg BT 505.49 661.25 Td (This ) Tj ET Q q 0 0 0 rg BT 525.37 661.25 Td (approach ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 87.15 649.25 Td (us ) Tj ET Q q 0 0 0 rg BT 98.75 649.25 Td (with ) Tj ET Q q 0 0 0 rg BT 119.24 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.17 649.25 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 176.32 649.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.81 649.25 Td (allocate ) Tj ET Q q 0 0 0 rg BT 220.61 649.25 Td (resources ) Tj ET Q q 0 0 0 rg BT 261.08 649.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 305.45 649.25 Td (on ) Tj ET Q q 0 0 0 rg BT 318.16 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.09 649.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 379.67 649.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 432.92 649.25 Td (and ) Tj ET Q q 0 0 0 rg BT 450.07 649.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 487.22 649.25 Td (our ) Tj ET Q q 0 0 0 rg BT 503.27 649.25 Td (bankers ) Tj ET Q q 0 0 0 rg BT 537.08 649.25 Td (with ) Tj ET Q q 0 0 0 rg BT 557.57 649.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (wide ) Tj ET Q q 0 0 0 rg BT 71.94 637.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 102.20 637.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.03 637.25 Td (experiences ) Tj ET Q q 0 0 0 rg BT 162.72 637.25 Td (to ) Tj ET Q q 0 0 0 rg BT 173.00 637.25 Td (assist ) Tj ET Q q 0 0 0 rg BT 197.17 637.25 Td (in ) Tj ET Q q 0 0 0 rg BT 207.45 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.17 637.25 Td (development ) Tj ET Q q 0 0 0 rg BT 276.32 637.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.15 637.25 Td (their ) Tj ET Q q 0 0 0 rg BT 307.97 637.25 Td (business ) Tj ET Q q 0 0 0 rg BT 344.37 637.25 Td (and ) Tj ET Q q 0 0 0 rg BT 361.30 637.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 398.78 637.25 Td (judgment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 616.25 Td (As ) Tj ET Q q 0 0 0 rg BT 75.81 616.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.84 616.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 145.63 616.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.63 616.25 Td (, ) Tj ET Q q 0 0 0 rg BT 170.83 616.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 211.29 616.25 Td (employed ) Tj ET Q q 0 0 0 rg BT 253.43 616.25 Td (a ) Tj ET Q q 0 0 0 rg BT 260.56 616.25 Td (total ) Tj ET Q q 0 0 0 rg BT 281.04 616.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.07 616.25 Td (350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.07 616.25 Td (people ) Tj ET Q q 0 0 0 rg BT 338.92 616.25 Td (\(including ) Tj ET Q q 0 0 0 rg BT 382.73 616.25 Td (our ) Tj ET Q q 0 0 0 rg BT 398.76 616.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 440.89 616.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 478.58 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 495.72 616.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 522.85 616.25 Td (advisors\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.51 604.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.12 604.25 Td (203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.12 604.25 Td ( ) Tj ET Q q 0 0 0 rg BT 104.30 604.25 Td (were ) Tj ET Q q 0 0 0 rg BT 125.91 604.25 Td (located ) Tj ET Q q 0 0 0 rg BT 156.96 604.25 Td (in ) Tj ET Q q 0 0 0 rg BT 166.91 604.25 Td (our ) Tj ET Q q 0 0 0 rg BT 182.42 604.25 Td (of) Tj ET Q q 0 0 0 rg BT 190.57 604.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 211.63 604.25 Td (in ) Tj ET Q q 0 0 0 rg BT 221.58 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.50 604.25 Td (Americas, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.49 604.25 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.49 604.25 Td ( ) Tj ET Q q 0 0 0 rg BT 290.67 604.25 Td (were ) Tj ET Q q 0 0 0 rg BT 312.27 604.25 Td (based ) Tj ET Q q 0 0 0 rg BT 337.22 604.25 Td (in ) Tj ET Q q 0 0 0 rg BT 347.18 604.25 Td (our ) Tj ET Q q 0 0 0 rg BT 362.68 604.25 Td (European ) Tj ET Q q 0 0 0 rg BT 403.18 604.25 Td (of) Tj ET Q q 0 0 0 rg BT 411.33 604.25 Td (fices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.88 604.25 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.88 604.25 Td ( ) Tj ET Q q 0 0 0 rg BT 447.06 604.25 Td (in ) Tj ET Q q 0 0 0 rg BT 457.01 604.25 Td (our ) Tj ET Q q 0 0 0 rg BT 472.04 604.25 Td (Australian ) Tj ET Q q 0 0 0 rg BT 515.88 604.25 Td (of) Tj ET Q q 0 0 0 rg BT 524.02 604.25 Td (fices, ) Tj ET Q q 0 0 0 rg BT 547.58 604.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.00 592.25 Td ( ) Tj ET Q q 0 0 0 rg BT 62.50 592.25 Td (in ) Tj ET Q q 0 0 0 rg BT 72.78 592.25 Td (our ) Tj ET Q q 0 0 0 rg BT 88.06 592.25 Td (Asian ) Tj ET Q q 0 0 0 rg BT 113.89 592.25 Td (of) Tj ET Q q 0 0 0 rg BT 122.04 592.25 Td (fices. ) Tj ET Q q 0 0 0 rg BT 145.74 592.25 Td (The ) Tj ET Q q 0 0 0 rg BT 163.79 592.25 Td (vast ) Tj ET Q q 0 0 0 rg BT 182.40 592.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 218.78 592.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.61 592.25 Td (our ) Tj ET Q q 0 0 0 rg BT 245.44 592.25 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 294.32 592.25 Td (operational ) Tj ET Q q 0 0 0 rg BT 341.80 592.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.74 592.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 418.45 592.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 463.71 592.25 Td (are ) Tj ET Q q 0 0 0 rg BT 478.42 592.25 Td (located ) Tj ET Q q 0 0 0 rg BT 509.79 592.25 Td (in ) Tj ET Q q 0 0 0 rg BT 520.07 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.79 592.25 Td (United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (States. ) Tj ET Q q 0 0 0 rg BT 78.83 580.25 Td (W) Tj ET Q q 0 0 0 rg BT 87.46 580.25 Td (e ) Tj ET Q q 0 0 0 rg BT 94.53 580.25 Td (strive ) Tj ET Q q 0 0 0 rg BT 119.38 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 129.79 580.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 167.41 580.25 Td (a ) Tj ET Q q 0 0 0 rg BT 174.47 580.25 Td (work ) Tj ET Q q 0 0 0 rg BT 197.65 580.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 250.83 580.25 Td (that ) Tj ET Q q 0 0 0 rg BT 268.45 580.25 Td (fosters ) Tj ET Q q 0 0 0 rg BT 297.74 580.25 Td (collegiality) Tj ET Q q 0 0 0 rg BT 342.08 580.25 Td (, ) Tj ET Q q 0 0 0 rg BT 347.21 580.25 Td (teamwork, ) Tj ET Q q 0 0 0 rg BT 392.32 580.25 Td (professionalism, ) Tj ET Q q 0 0 0 rg BT 460.77 580.25 Td (excellence, ) Tj ET Q q 0 0 0 rg BT 508.09 580.25 Td (diversity) Tj ET Q q 0 0 0 rg BT 542.44 580.25 Td (, ) Tj ET Q q 0 0 0 rg BT 547.57 580.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (collaboration ) Tj ET Q q 0 0 0 rg BT 104.83 568.25 Td (among ) Tj ET Q q 0 0 0 rg BT 134.12 568.25 Td (our ) Tj ET Q q 0 0 0 rg BT 149.53 568.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 194.37 568.25 Td (worldwide. ) Tj ET Q q 0 0 0 rg BT 241.56 568.25 Td (W) Tj ET Q q 0 0 0 rg BT 250.20 568.25 Td (e ) Tj ET Q q 0 0 0 rg BT 256.71 568.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 283.77 568.25 Td (a ) Tj ET Q q 0 0 0 rg BT 290.29 568.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 352.89 568.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 396.62 568.25 Td (process ) Tj ET Q q 0 0 0 rg BT 428.68 568.25 Td (at ) Tj ET Q q 0 0 0 rg BT 437.97 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 452.26 568.25 Td (end ) Tj ET Q q 0 0 0 rg BT 468.78 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.18 568.25 Td (each ) Tj ET Q q 0 0 0 rg BT 499.57 568.25 Td (year ) Tj ET Q q 0 0 0 rg BT 518.85 568.25 Td (to ) Tj ET Q q 0 0 0 rg BT 528.70 568.25 Td (measure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 105.52 556.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 148.00 556.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 206.04 556.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.98 556.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 256.03 556.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 294.62 556.25 Td (on ) Tj ET Q q 0 0 0 rg BT 307.12 556.25 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 362.40 556.25 Td (for ) Tj ET Q q 0 0 0 rg BT 376.56 556.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 418.49 556.25 Td (development.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 535.25 Td (Competition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 514.25 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 514.25 Td (e ) Tj ET Q q 0 0 0 rg BT 77.83 514.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 110.01 514.25 Td (in ) Tj ET Q q 0 0 0 rg BT 120.55 514.25 Td (a ) Tj ET Q q 0 0 0 rg BT 127.74 514.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 156.06 514.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 206.02 514.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 259.32 514.25 Td (where ) Tj ET Q q 0 0 0 rg BT 286.50 514.25 Td (there ) Tj ET Q q 0 0 0 rg BT 309.24 514.25 Td (are ) Tj ET Q q 0 0 0 rg BT 324.21 514.25 Td (no ) Tj ET Q q 0 0 0 rg BT 336.96 514.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 379.15 514.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 423.55 514.25 Td (sources ) Tj ET Q q 0 0 0 rg BT 456.30 514.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.38 514.25 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 504.29 514.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 527.03 514.25 Td (revenue-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (generating ) Tj ET Q q 0 0 0 rg BT 94.22 502.25 Td (engagement ) Tj ET Q q 0 0 0 rg BT 144.55 502.25 Td (is ) Tj ET Q q 0 0 0 rg BT 153.24 502.25 Td (separately ) Tj ET Q q 0 0 0 rg BT 195.80 502.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 231.68 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.14 502.25 Td (negotiated. ) Tj ET Q q 0 0 0 rg BT 294.31 502.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 311.89 502.25 Td (list ) Tj ET Q q 0 0 0 rg BT 326.13 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.48 502.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 364.61 502.25 Td (with ) Tj ET Q q 0 0 0 rg BT 384.41 502.25 Td (whom ) Tj ET Q q 0 0 0 rg BT 411.43 502.25 Td (there ) Tj ET Q q 0 0 0 rg BT 433.43 502.25 Td (is ) Tj ET Q q 0 0 0 rg BT 442.12 502.25 Td (an ) Tj ET Q q 0 0 0 rg BT 453.58 502.25 Td (active ) Tj ET Q q 0 0 0 rg BT 479.48 502.25 Td (engagement ) Tj ET Q q 0 0 0 rg BT 529.81 502.25 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (continually) Tj ET Q q 0 0 0 rg BT 94.34 490.25 Td (. ) Tj ET Q q 0 0 0 rg BT 98.79 490.25 Td (T) Tj ET Q q 0 0 0 rg BT 104.20 490.25 Td (o ) Tj ET Q q 0 0 0 rg BT 111.30 490.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 145.06 490.25 Td (new ) Tj ET Q q 0 0 0 rg BT 163.82 490.25 Td (client ) Tj ET Q q 0 0 0 rg BT 188.14 490.25 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 243.84 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.38 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 270.26 490.25 Td (develop ) Tj ET Q q 0 0 0 rg BT 304.02 490.25 Td (new ) Tj ET Q q 0 0 0 rg BT 322.78 490.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 377.09 490.25 Td (from ) Tj ET Q q 0 0 0 rg BT 398.63 490.25 Td (historic ) Tj ET Q q 0 0 0 rg BT 430.72 490.25 Td (client ) Tj ET Q q 0 0 0 rg BT 455.04 490.25 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 510.74 490.25 Td (we ) Tj ET Q q 0 0 0 rg BT 524.51 490.25 Td (maintain, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.22 478.25 Td (an ) Tj ET Q q 0 0 0 rg BT 73.88 478.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 108.87 478.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 133.59 478.25 Td (business ) Tj ET Q q 0 0 0 rg BT 169.70 478.25 Td (dialogues ) Tj ET Q q 0 0 0 rg BT 210.25 478.25 Td (with ) Tj ET Q q 0 0 0 rg BT 230.25 478.25 Td (a ) Tj ET Q q 0 0 0 rg BT 236.90 478.25 Td (lar) Tj ET Q q 0 0 0 rg BT 247.27 478.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 258.93 478.25 Td (number ) Tj ET Q q 0 0 0 rg BT 291.69 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.24 478.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 330.57 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.22 478.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 384.43 478.25 Td (clients. ) Tj ET Q q 0 0 0 rg BT 415.10 478.25 Td (W) Tj ET Q q 0 0 0 rg BT 423.73 478.25 Td (e ) Tj ET Q q 0 0 0 rg BT 430.39 478.25 Td (have ) Tj ET Q q 0 0 0 rg BT 451.49 478.25 Td (gained ) Tj ET Q q 0 0 0 rg BT 480.36 478.25 Td (a ) Tj ET Q q 0 0 0 rg BT 487.02 478.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 531.45 478.25 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.19 466.25 Td (new ) Tj ET Q q 0 0 0 rg BT 80.72 466.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 109.69 466.25 Td (each ) Tj ET Q q 0 0 0 rg BT 130.86 466.25 Td (year ) Tj ET Q q 0 0 0 rg BT 150.94 466.25 Td (through ) Tj ET Q q 0 0 0 rg BT 184.91 466.25 Td (our ) Tj ET Q q 0 0 0 rg BT 201.10 466.25 Td (business ) Tj ET Q q 0 0 0 rg BT 237.86 466.25 Td (development ) Tj ET Q q 0 0 0 rg BT 292.37 466.25 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 337.17 466.25 Td (through ) Tj ET Q q 0 0 0 rg BT 371.15 466.25 Td (recruiting ) Tj ET Q q 0 0 0 rg BT 412.88 466.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 455.73 466.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 483.04 466.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 529.78 466.25 Td (banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (professionals ) Tj ET Q q 0 0 0 rg BT 104.43 454.25 Td (who ) Tj ET Q q 0 0 0 rg BT 123.32 454.25 Td (bring ) Tj ET Q q 0 0 0 rg BT 146.09 454.25 Td (with ) Tj ET Q q 0 0 0 rg BT 165.53 454.25 Td (them ) Tj ET Q q 0 0 0 rg BT 187.19 454.25 Td (client ) Tj ET Q q 0 0 0 rg BT 211.06 454.25 Td (relationships ) Tj ET Q q 0 0 0 rg BT 263.83 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 279.93 454.25 Td (expertise ) Tj ET Q q 0 0 0 rg BT 317.68 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 327.12 454.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 355.99 454.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 390.43 454.25 Td (sectors ) Tj ET Q q 0 0 0 rg BT 419.86 454.25 Td (or ) Tj ET Q q 0 0 0 rg BT 429.85 454.25 Td (geographies ) Tj ET Q q 0 0 0 rg BT 479.83 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 495.93 454.25 Td (through ) Tj ET Q q 0 0 0 rg BT 528.70 454.25 Td (referrals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (from ) Tj ET Q q 0 0 0 rg BT 72.28 442.25 Td (members ) Tj ET Q q 0 0 0 rg BT 111.78 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 122.95 442.25 Td (boards ) Tj ET Q q 0 0 0 rg BT 152.46 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.63 442.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 203.96 442.25 Td (attorneys ) Tj ET Q q 0 0 0 rg BT 243.46 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 260.74 442.25 Td (other ) Tj ET Q q 0 0 0 rg BT 284.13 442.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 313.63 442.25 Td (with ) Tj ET Q q 0 0 0 rg BT 334.25 442.25 Td (whom ) Tj ET Q q 0 0 0 rg BT 362.09 442.25 Td (we ) Tj ET Q q 0 0 0 rg BT 376.60 442.25 Td (have ) Tj ET Q q 0 0 0 rg BT 398.32 442.25 Td (relationships. ) Tj ET Q q 0 0 0 rg BT 454.76 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 456.98 442.25 Td (At ) Tj ET Q q 0 0 0 rg BT 469.82 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 484.88 442.25 Td (same ) Tj ET Q q 0 0 0 rg BT 508.27 442.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 531.39 442.25 Td (we ) Tj ET Q q 0 0 0 rg BT 545.89 442.25 Td (lose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 79.01 430.25 Td (each ) Tj ET Q q 0 0 0 rg BT 100.23 430.25 Td (year ) Tj ET Q q 0 0 0 rg BT 120.35 430.25 Td (as ) Tj ET Q q 0 0 0 rg BT 131.58 430.25 Td (a ) Tj ET Q q 0 0 0 rg BT 138.93 430.25 Td (result ) Tj ET Q q 0 0 0 rg BT 164.05 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 175.29 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.41 430.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 208.87 430.25 Td (or ) Tj ET Q q 0 0 0 rg BT 220.10 430.25 Td (mer) Tj ET Q q 0 0 0 rg BT 235.47 430.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 251.14 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.38 430.25 Td (a ) Tj ET Q q 0 0 0 rg BT 269.73 430.25 Td (client, ) Tj ET Q q 0 0 0 rg BT 297.34 430.25 Td (a ) Tj ET Q q 0 0 0 rg BT 304.69 430.25 Td (change ) Tj ET Q q 0 0 0 rg BT 335.91 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 346.60 430.25 Td (a ) Tj ET Q q 0 0 0 rg BT 353.94 430.25 Td (client) Tj ET Q q 0 0 0 rg BT 378.93 430.25 Td (s ) Tj ET Q q 0 0 0 rg BT 385.73 430.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 413.08 430.25 Td (management ) Tj ET Q q 0 0 0 rg BT 467.07 430.25 Td (team, ) Tj ET Q q 0 0 0 rg BT 491.91 430.25 Td (competition ) Tj ET Q q 0 0 0 rg BT 542.59 430.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.05 418.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 119.43 418.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 145.26 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 162.20 418.25 Td (other ) Tj ET Q q 0 0 0 rg BT 185.24 418.25 Td (causes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 397.25 Td (The ) Tj ET Q q 0 0 0 rg BT 79.56 397.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 116.54 397.25 Td (services ) Tj ET Q q 0 0 0 rg BT 150.76 397.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 185.55 397.25 Td (is ) Tj ET Q q 0 0 0 rg BT 194.22 397.25 Td (intensely ) Tj ET Q q 0 0 0 rg BT 232.34 397.25 Td (competitive, ) Tj ET Q q 0 0 0 rg BT 284.05 397.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.50 397.25 Td (we ) Tj ET Q q 0 0 0 rg BT 314.17 397.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 342.27 397.25 Td (it ) Tj ET Q q 0 0 0 rg BT 349.83 397.25 Td (to ) Tj ET Q q 0 0 0 rg BT 359.62 397.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 389.39 397.25 Td (so. ) Tj ET Q q 0 0 0 rg BT 402.79 397.25 Td ( ) Tj ET Q q 0 0 0 rg BT 404.80 397.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 422.36 397.25 Td (competitors ) Tj ET Q q 0 0 0 rg BT 471.58 397.25 Td (are ) Tj ET Q q 0 0 0 rg BT 485.80 397.25 Td (global ) Tj ET Q q 0 0 0 rg BT 512.80 397.25 Td (and ) Tj ET Q q 0 0 0 rg BT 529.25 397.25 Td (regional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (integrated ) Tj ET Q q 0 0 0 rg BT 91.61 385.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 125.45 385.25 Td (firms, ) Tj ET Q q 0 0 0 rg BT 150.69 385.25 Td (mid-sized ) Tj ET Q q 0 0 0 rg BT 191.75 385.25 Td (full ) Tj ET Q q 0 0 0 rg BT 207.27 385.25 Td (service ) Tj ET Q q 0 0 0 rg BT 237.21 385.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 273.82 385.25 Td (firms, ) Tj ET Q q 0 0 0 rg BT 299.06 385.25 Td (other ) Tj ET Q q 0 0 0 rg BT 321.23 385.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 371.73 385.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 408.34 385.25 Td (services ) Tj ET Q q 0 0 0 rg BT 442.18 385.25 Td (firms ) Tj ET Q q 0 0 0 rg BT 464.91 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 480.98 385.25 Td (specialized ) Tj ET Q q 0 0 0 rg BT 527.03 385.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 86.44 373.25 Td (firms. ) Tj ET Q q 0 0 0 rg BT 112.04 373.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.90 373.25 Td (W) Tj ET Q q 0 0 0 rg BT 122.54 373.25 Td (e ) Tj ET Q q 0 0 0 rg BT 128.97 373.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 164.84 373.25 Td (with ) Tj ET Q q 0 0 0 rg BT 184.62 373.25 Td (some ) Tj ET Q q 0 0 0 rg BT 207.73 373.25 Td (of ) Tj ET Q q 0 0 0 rg BT 218.06 373.25 Td (our ) Tj ET Q q 0 0 0 rg BT 233.38 373.25 Td (competitors ) Tj ET Q q 0 0 0 rg BT 282.59 373.25 Td (globally ) Tj ET Q q 0 0 0 rg BT 317.37 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.80 373.25 Td (with ) Tj ET Q q 0 0 0 rg BT 353.58 373.25 Td (others ) Tj ET Q q 0 0 0 rg BT 380.02 373.25 Td (on ) Tj ET Q q 0 0 0 rg BT 392.02 373.25 Td (a ) Tj ET Q q 0 0 0 rg BT 398.45 373.25 Td (regional, ) Tj ET Q q 0 0 0 rg BT 435.72 373.25 Td (product, ) Tj ET Q q 0 0 0 rg BT 470.76 373.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 505.54 373.25 Td (or ) Tj ET Q q 0 0 0 rg BT 515.87 373.25 Td (niche ) Tj ET Q q 0 0 0 rg BT 539.52 373.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 564.52 373.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 361.25 Td (e ) Tj ET Q q 0 0 0 rg BT 64.96 361.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 100.72 361.25 Td (on ) Tj ET Q q 0 0 0 rg BT 112.60 361.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.70 361.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 148.59 361.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.80 361.25 Td (a ) Tj ET Q q 0 0 0 rg BT 165.13 361.25 Td (number ) Tj ET Q q 0 0 0 rg BT 197.56 361.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.77 361.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 239.37 361.25 Td (including ) Tj ET Q q 0 0 0 rg BT 279.02 361.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 324.78 361.25 Td (execution ) Tj ET Q q 0 0 0 rg BT 365.54 361.25 Td (skills, ) Tj ET Q q 0 0 0 rg BT 391.04 361.25 Td (our ) Tj ET Q q 0 0 0 rg BT 406.25 361.25 Td (range ) Tj ET Q q 0 0 0 rg BT 430.35 361.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.56 361.25 Td (products ) Tj ET Q q 0 0 0 rg BT 476.88 361.25 Td (and ) Tj ET Q q 0 0 0 rg BT 493.21 361.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 529.80 361.25 Td (strength ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 349.25 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 116.93 349.25 Td (innovation, ) Tj ET Q q 0 0 0 rg BT 164.71 349.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 207.75 349.25 Td (and ) Tj ET Q q 0 0 0 rg BT 224.69 349.25 Td (price.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 328.25 Td (The ) Tj ET Q q 0 0 0 rg BT 80.00 328.25 Td (global ) Tj ET Q q 0 0 0 rg BT 107.46 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.35 328.25 Td (regional ) Tj ET Q q 0 0 0 rg BT 159.57 328.25 Td (integrated ) Tj ET Q q 0 0 0 rg BT 202.01 328.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 236.69 328.25 Td (firms ) Tj ET Q q 0 0 0 rg BT 260.25 328.25 Td (of) Tj ET Q q 0 0 0 rg BT 268.40 328.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 281.96 328.25 Td (a ) Tj ET Q q 0 0 0 rg BT 288.85 328.25 Td (wider ) Tj ET Q q 0 0 0 rg BT 314.08 328.25 Td (range ) Tj ET Q q 0 0 0 rg BT 338.74 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 349.53 328.25 Td (products, ) Tj ET Q q 0 0 0 rg BT 388.93 328.25 Td (from ) Tj ET Q q 0 0 0 rg BT 410.82 328.25 Td (loans, ) Tj ET Q q 0 0 0 rg BT 436.89 328.25 Td (deposit-taking ) Tj ET Q q 0 0 0 rg BT 496.56 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.46 328.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 554.23 328.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (brokerage, ) Tj ET Q q 0 0 0 rg BT 94.86 316.25 Td (hedging, ) Tj ET Q q 0 0 0 rg BT 131.95 316.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 163.21 316.25 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 205.84 316.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 227.66 316.25 Td (management ) Tj ET Q q 0 0 0 rg BT 281.13 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 297.95 316.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 338.09 316.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 369.89 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 386.71 316.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 426.85 316.25 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 480.89 316.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 517.98 316.25 Td (which ) Tj ET Q q 0 0 0 rg BT 544.79 316.25 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (enhance ) Tj ET Q q 0 0 0 rg BT 85.70 304.25 Td (their ) Tj ET Q q 0 0 0 rg BT 106.96 304.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 157.11 304.25 Td (position. ) Tj ET Q q 0 0 0 rg BT 194.57 304.25 Td (They ) Tj ET Q q 0 0 0 rg BT 218.06 304.25 Td (also ) Tj ET Q q 0 0 0 rg BT 237.11 304.25 Td (have ) Tj ET Q q 0 0 0 rg BT 258.93 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.08 304.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 302.58 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 313.30 304.25 Td (support ) Tj ET Q q 0 0 0 rg BT 346.24 304.25 Td (their ) Tj ET Q q 0 0 0 rg BT 367.51 304.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 414.33 304.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 449.49 304.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 494.09 304.25 Td (with ) Tj ET Q q 0 0 0 rg BT 514.81 304.25 Td (commercial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (banking, ) Tj ET Q q 0 0 0 rg BT 87.21 292.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 128.02 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.95 292.25 Td (other ) Tj ET Q q 0 0 0 rg BT 167.99 292.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 205.46 292.25 Td (services ) Tj ET Q q 0 0 0 rg BT 240.16 292.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 278.19 292.25 Td (in ) Tj ET Q q 0 0 0 rg BT 288.46 292.25 Td (an ) Tj ET Q q 0 0 0 rg BT 300.39 292.25 Td (ef) Tj ET Q q 0 0 0 rg BT 307.98 292.25 Td (fort ) Tj ET Q q 0 0 0 rg BT 324.91 292.25 Td (to ) Tj ET Q q 0 0 0 rg BT 335.18 292.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 354.89 292.25 Td (market ) Tj ET Q q 0 0 0 rg BT 385.15 292.25 Td (share, ) Tj ET Q q 0 0 0 rg BT 411.24 292.25 Td (which ) Tj ET Q q 0 0 0 rg BT 438.17 292.25 Td (could ) Tj ET Q q 0 0 0 rg BT 462.88 292.25 Td (result ) Tj ET Q q 0 0 0 rg BT 487.59 292.25 Td (in ) Tj ET Q q 0 0 0 rg BT 497.86 292.25 Td (pricing ) Tj ET Q q 0 0 0 rg BT 528.68 292.25 Td (pressure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (in ) Tj ET Q q 0 0 0 rg BT 61.35 280.25 Td (our ) Tj ET Q q 0 0 0 rg BT 78.25 280.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 118.22 280.25 Td (In ) Tj ET Q q 0 0 0 rg BT 130.12 280.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 166.46 280.25 Td (to ) Tj ET Q q 0 0 0 rg BT 177.81 280.25 Td (our ) Tj ET Q q 0 0 0 rg BT 194.71 280.25 Td (lar) Tj ET Q q 0 0 0 rg BT 205.08 280.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 221.42 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.43 280.25 Td (mid-sized ) Tj ET Q q 0 0 0 rg BT 282.44 280.25 Td (full ) Tj ET Q q 0 0 0 rg BT 299.90 280.25 Td (service ) Tj ET Q q 0 0 0 rg BT 331.78 280.25 Td (competitors, ) Tj ET Q q 0 0 0 rg BT 385.07 280.25 Td (we ) Tj ET Q q 0 0 0 rg BT 400.30 280.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 437.74 280.25 Td (with ) Tj ET Q q 0 0 0 rg BT 459.09 280.25 Td (a ) Tj ET Q q 0 0 0 rg BT 467.10 280.25 Td (number ) Tj ET Q q 0 0 0 rg BT 501.22 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.12 280.25 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.72 268.25 Td (banks, ) Tj ET Q q 0 0 0 rg BT 125.39 268.25 Td (which ) Tj ET Q q 0 0 0 rg BT 152.67 268.25 Td (of) Tj ET Q q 0 0 0 rg BT 160.82 268.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 174.76 268.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 226.47 268.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 263.75 268.25 Td (services ) Tj ET Q q 0 0 0 rg BT 298.80 268.25 Td (on ) Tj ET Q q 0 0 0 rg BT 311.64 268.25 Td (a ) Tj ET Q q 0 0 0 rg BT 318.92 268.25 Td (model ) Tj ET Q q 0 0 0 rg BT 346.76 268.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 377.37 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 387.99 268.25 Td (ours. ) Tj ET Q q 0 0 0 rg BT 410.55 268.25 Td ( ) Tj ET Q q 0 0 0 rg BT 412.77 268.25 Td (A) Tj ET Q q 0 0 0 rg BT 419.44 268.25 Td ( ) Tj ET Q q 0 0 0 rg BT 422.28 268.25 Td (few ) Tj ET Q q 0 0 0 rg BT 440.11 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 451.28 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.34 268.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 518.05 268.25 Td (banks ) Tj ET Q q 0 0 0 rg BT 544.22 268.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (whom ) Tj ET Q q 0 0 0 rg BT 77.24 256.25 Td (we ) Tj ET Q q 0 0 0 rg BT 91.14 256.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 127.25 256.25 Td (are ) Tj ET Q q 0 0 0 rg BT 141.69 256.25 Td (lar) Tj ET Q q 0 0 0 rg BT 152.06 256.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 167.07 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.75 256.25 Td (have ) Tj ET Q q 0 0 0 rg BT 204.86 256.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 234.85 256.25 Td (general ) Tj ET Q q 0 0 0 rg BT 266.52 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 283.19 256.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 318.21 256.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 351.54 256.25 Td (coverage ) Tj ET Q q 0 0 0 rg BT 389.87 256.25 Td (resources. ) Tj ET Q q 0 0 0 rg BT 432.36 256.25 Td ( ) Tj ET Q q 0 0 0 rg BT 434.60 256.25 Td (Further) Tj ET Q q 0 0 0 rg BT 463.64 256.25 Td (, ) Tj ET Q q 0 0 0 rg BT 468.38 256.25 Td (over ) Tj ET Q q 0 0 0 rg BT 488.39 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.84 256.25 Td (past ) Tj ET Q q 0 0 0 rg BT 521.19 256.25 Td (few ) Tj ET Q q 0 0 0 rg BT 538.42 256.25 Td (years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (there ) Tj ET Q q 0 0 0 rg BT 72.41 244.25 Td (has ) Tj ET Q q 0 0 0 rg BT 88.16 244.25 Td (been ) Tj ET Q q 0 0 0 rg BT 109.46 244.25 Td (an ) Tj ET Q q 0 0 0 rg BT 121.31 244.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 156.49 244.25 Td (in ) Tj ET Q q 0 0 0 rg BT 166.69 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 181.33 244.25 Td (number ) Tj ET Q q 0 0 0 rg BT 214.29 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.04 244.25 Td (newly ) Tj ET Q q 0 0 0 rg BT 251.90 244.25 Td (formed ) Tj ET Q q 0 0 0 rg BT 283.20 244.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 334.50 244.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 371.35 244.25 Td (firms. ) Tj ET Q q 0 0 0 rg BT 397.38 244.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 422.02 244.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 473.31 244.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 510.17 244.25 Td (firms ) Tj ET Q q 0 0 0 rg BT 533.70 244.25 Td (require ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (minimal ) Tj ET Q q 0 0 0 rg BT 85.83 232.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 114.98 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 125.26 232.25 Td (operate, ) Tj ET Q q 0 0 0 rg BT 159.68 232.25 Td (there ) Tj ET Q q 0 0 0 rg BT 182.17 232.25 Td (are ) Tj ET Q q 0 0 0 rg BT 196.88 232.25 Td (few ) Tj ET Q q 0 0 0 rg BT 214.37 232.25 Td (obstacles ) Tj ET Q q 0 0 0 rg BT 253.52 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 263.80 232.25 Td (starting ) Tj ET Q q 0 0 0 rg BT 296.29 232.25 Td (new ) Tj ET Q q 0 0 0 rg BT 315.45 232.25 Td (firms.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 211.25 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 211.25 Td (e ) Tj ET Q q 0 0 0 rg BT 78.85 211.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 111.50 211.25 Td (our ) Tj ET Q q 0 0 0 rg BT 128.60 211.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 164.03 211.25 Td (competitors ) Tj ET Q q 0 0 0 rg BT 215.02 211.25 Td (in ) Tj ET Q q 0 0 0 rg BT 226.57 211.25 Td (securing ) Tj ET Q q 0 0 0 rg BT 264.22 211.25 Td (mer) Tj ET Q q 0 0 0 rg BT 279.58 211.25 Td (gers ) Tj ET Q q 0 0 0 rg BT 300.02 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.23 211.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 369.78 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 387.99 211.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 429.53 211.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 467.74 211.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 523.72 211.25 Td (are ) Tj ET Q q 0 0 0 rg BT 539.70 211.25 Td (lar) Tj ET Q q 0 0 0 rg BT 550.06 211.25 Td (ge, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.25 Td (diversified ) Tj ET Q q 0 0 0 rg BT 94.67 199.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 131.56 199.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 177.92 199.25 Td (including ) Tj ET Q q 0 0 0 rg BT 217.60 199.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 240.62 199.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.44 199.25 Td (America ) Tj ET Q q 0 0 0 rg BT 286.77 199.25 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 339.50 199.25 Td (Barclays ) Tj ET Q q 0 0 0 rg BT 376.40 199.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 399.41 199.25 Td (PLC, ) Tj ET Q q 0 0 0 rg BT 422.16 199.25 Td (Citigroup ) Tj ET Q q 0 0 0 rg BT 462.40 199.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 482.08 199.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 508.98 199.25 Td (Suisse ) Tj ET Q q 0 0 0 rg BT 536.45 199.25 Td (Group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.25 Td (AG, ) Tj ET Q q 0 0 0 rg BT 69.77 187.25 Td (Deutsche ) Tj ET Q q 0 0 0 rg BT 109.81 187.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 133.13 187.25 Td (AG, ) Tj ET Q q 0 0 0 rg BT 152.90 187.25 Td (Goldman ) Tj ET Q q 0 0 0 rg BT 192.95 187.25 Td (Sachs ) Tj ET Q q 0 0 0 rg BT 219.11 187.25 Td (Group, ) Tj ET Q q 0 0 0 rg BT 249.99 187.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 270.59 187.25 Td (JPMor) Tj ET Q q 0 0 0 rg BT 297.09 187.25 Td (gan ) Tj ET Q q 0 0 0 rg BT 314.36 187.25 Td (Chase& ) Tj ET Q q 0 0 0 rg BT 351.90 187.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 371.41 187.25 Td (Mor) Tj ET Q q 0 0 0 rg BT 388.45 187.25 Td (gan ) Tj ET Q q 0 0 0 rg BT 405.72 187.25 Td (Stanley) Tj ET Q q 0 0 0 rg BT 435.06 187.25 Td (, ) Tj ET Q q 0 0 0 rg BT 440.39 187.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.66 187.25 Td (UBS ) Tj ET Q q 0 0 0 rg BT 479.32 187.25 Td (AG, ) Tj ET Q q 0 0 0 rg BT 499.10 187.25 Td (as ) Tj ET Q q 0 0 0 rg BT 510.26 187.25 Td (well ) Tj ET Q q 0 0 0 rg BT 530.30 187.25 Td (as ) Tj ET Q q 0 0 0 rg BT 541.47 187.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.25 Td (publicly ) Tj ET Q q 0 0 0 rg BT 85.51 175.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 109.91 175.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 156.52 175.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 191.47 175.25 Td (firms ) Tj ET Q q 0 0 0 rg BT 215.32 175.25 Td (such ) Tj ET Q q 0 0 0 rg BT 236.38 175.25 Td (as ) Tj ET Q q 0 0 0 rg BT 247.45 175.25 Td (Evercore ) Tj ET Q q 0 0 0 rg BT 286.26 175.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 321.77 175.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 342.27 175.25 Td (Jef) Tj ET Q q 0 0 0 rg BT 353.75 175.25 Td (feries ) Tj ET Q q 0 0 0 rg BT 378.69 175.25 Td (Group, ) Tj ET Q q 0 0 0 rg BT 409.48 175.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 429.98 175.25 Td (Lazard ) Tj ET Q q 0 0 0 rg BT 460.47 175.25 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 482.09 175.25 Td (Moelis ) Tj ET Q q 0 0 0 rg BT 512.60 175.25 Td (& ) Tj ET Q q 0 0 0 rg BT 523.12 175.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.72 163.25 Td (PJT) Tj ET Q q 0 0 0 rg BT 82.10 163.25 Td ( ) Tj ET Q q 0 0 0 rg BT 84.39 163.25 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 121.94 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.67 163.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 168.15 163.25 Td (closely ) Tj ET Q q 0 0 0 rg BT 198.76 163.25 Td (held ) Tj ET Q q 0 0 0 rg BT 218.27 163.25 Td (boutique ) Tj ET Q q 0 0 0 rg BT 255.55 163.25 Td (firms. ) Tj ET Q q 0 0 0 rg BT 280.94 163.25 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 320.44 163.25 Td (services ) Tj ET Q q 0 0 0 rg BT 354.94 163.25 Td (in ) Tj ET Q q 0 0 0 rg BT 365.00 163.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 418.38 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.10 163.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 482.37 163.25 Td (situations ) Tj ET Q q 0 0 0 rg BT 522.99 163.25 Td (tend ) Tj ET Q q 0 0 0 rg BT 542.49 163.25 Td (to ) Tj ET Q q 0 0 0 rg BT 552.56 163.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 78.91 151.25 Td (specialized, ) Tj ET Q q 0 0 0 rg BT 129.18 151.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.97 151.25 Td (we ) Tj ET Q q 0 0 0 rg BT 161.99 151.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 194.21 151.25 Td (our ) Tj ET Q q 0 0 0 rg BT 210.90 151.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 245.91 151.25 Td (competitors ) Tj ET Q q 0 0 0 rg BT 296.47 151.25 Td (to ) Tj ET Q q 0 0 0 rg BT 307.60 151.25 Td (be ) Tj ET Q q 0 0 0 rg BT 320.40 151.25 Td (Evercore ) Tj ET Q q 0 0 0 rg BT 359.83 151.25 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 398.46 151.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 419.58 151.25 Td (Houlihan ) Tj ET Q q 0 0 0 rg BT 460.15 151.25 Td (Lokey) Tj ET Q q 0 0 0 rg BT 485.04 151.25 Td (, ) Tj ET Q q 0 0 0 rg BT 490.90 151.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 512.02 151.25 Td (Lazard ) Tj ET Q q 0 0 0 rg BT 543.13 151.25 Td (Ltd., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.25 Td (Moelis ) Tj ET Q q 0 0 0 rg BT 80.08 139.25 Td (& ) Tj ET Q q 0 0 0 rg BT 90.16 139.25 Td (Company) Tj ET Q q 0 0 0 rg BT 128.39 139.25 Td (, ) Tj ET Q q 0 0 0 rg BT 133.19 139.25 Td (PJT) Tj ET Q q 0 0 0 rg BT 148.57 139.25 Td ( ) Tj ET Q q 0 0 0 rg BT 150.87 139.25 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 188.44 139.25 Td (Rothschild ) Tj ET Q q 0 0 0 rg BT 234.08 139.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 261.93 139.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.67 139.25 Td (many ) Tj ET Q q 0 0 0 rg BT 303.18 139.25 Td (closely ) Tj ET Q q 0 0 0 rg BT 333.81 139.25 Td (held ) Tj ET Q q 0 0 0 rg BT 353.33 139.25 Td (boutique ) Tj ET Q q 0 0 0 rg BT 390.62 139.25 Td (firms. ) Tj ET Q q 0 0 0 rg BT 416.53 139.25 Td ( ) Tj ET Q q 0 0 0 rg BT 418.66 139.25 Td (W) Tj ET Q q 0 0 0 rg BT 427.30 139.25 Td (e ) Tj ET Q q 0 0 0 rg BT 434.04 139.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 465.21 139.25 Td (our ) Tj ET Q q 0 0 0 rg BT 480.84 139.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 514.79 139.25 Td (competitors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.27 127.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.10 127.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 105.25 127.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 142.18 127.25 Td (business ) Tj ET Q q 0 0 0 rg BT 178.57 127.25 Td (are ) Tj ET Q q 0 0 0 rg BT 193.28 127.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 220.77 127.25 Td (Suisse ) Tj ET Q q 0 0 0 rg BT 248.83 127.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 276.32 127.25 Td (AG, ) Tj ET Q q 0 0 0 rg BT 295.76 127.25 Td (Evercore ) Tj ET Q q 0 0 0 rg BT 334.34 127.25 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 372.11 127.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 392.37 127.25 Td (Lazard ) Tj ET Q q 0 0 0 rg BT 422.62 127.25 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 444.01 127.25 Td (Park ) Tj ET Q q 0 0 0 rg BT 464.83 127.25 Td (Hill ) Tj ET Q q 0 0 0 rg BT 482.89 127.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 510.94 127.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 532.32 127.25 Td (\(part ) Tj ET Q q 0 0 0 rg BT 553.69 127.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.25 Td (PJT) Tj ET Q q 0 0 0 rg BT 65.38 115.25 Td ( ) Tj ET Q q 0 0 0 rg BT 67.88 115.25 Td (Partners\) ) Tj ET Q q 0 0 0 rg BT 106.48 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 123.42 115.25 Td (UBS ) Tj ET Q q 0 0 0 rg BT 144.82 115.25 Td (AG ) Tj ET Q q 0 0 0 rg BT 161.76 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.70 115.25 Td (many ) Tj ET Q q 0 0 0 rg BT 203.42 115.25 Td (closely ) Tj ET Q q 0 0 0 rg BT 234.24 115.25 Td (held ) Tj ET Q q 0 0 0 rg BT 253.96 115.25 Td (boutique ) Tj ET Q q 0 0 0 rg BT 291.46 115.25 Td (firms.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 94.25 Td (Competition ) Tj ET Q q 0 0 0 rg BT 114.31 94.25 Td (can ) Tj ET Q q 0 0 0 rg BT 130.50 94.25 Td (be ) Tj ET Q q 0 0 0 rg BT 142.26 94.25 Td (intense ) Tj ET Q q 0 0 0 rg BT 172.89 94.25 Td (for ) Tj ET Q q 0 0 0 rg BT 186.87 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.40 94.25 Td (hiring ) Tj ET Q q 0 0 0 rg BT 227.60 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.35 94.25 Td (retention ) Tj ET Q q 0 0 0 rg BT 282.21 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.85 94.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 330.71 94.25 Td (employees. ) Tj ET Q q 0 0 0 rg BT 378.28 94.25 Td ( ) Tj ET Q q 0 0 0 rg BT 380.60 94.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 398.46 94.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 426.33 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 436.42 94.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 473.17 94.25 Td (to ) Tj ET Q q 0 0 0 rg BT 483.26 94.25 Td (compete ) Tj ET Q q 0 0 0 rg BT 519.44 94.25 Td (ef) Tj ET Q q 0 0 0 rg BT 527.03 94.25 Td (fectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 82.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.11 82.25 Td (business ) Tj ET Q q 0 0 0 rg BT 112.50 82.25 Td (will ) Tj ET Q q 0 0 0 rg BT 130.56 82.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 161.93 82.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 184.43 82.25 Td (our ) Tj ET Q q 0 0 0 rg BT 200.26 82.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 228.32 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 238.59 82.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 266.07 82.25 Td (new ) Tj ET Q q 0 0 0 rg BT 285.23 82.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 330.50 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.44 82.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 372.70 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.64 82.25 Td (motivate ) Tj ET Q q 0 0 0 rg BT 427.13 82.25 Td (our ) Tj ET Q q 0 0 0 rg BT 442.96 82.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 477.12 82.25 Td (employees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 61.25 Td (For ) Tj ET Q q 0 0 0 rg BT 78.74 61.25 Td (a ) Tj ET Q q 0 0 0 rg BT 86.02 61.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 130.54 61.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.72 61.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 163.46 61.25 Td (related ) Tj ET Q q 0 0 0 rg BT 193.50 61.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.13 61.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.19 61.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 247.60 61.25 Td (competitive ) Tj ET Q q 0 0 0 rg BT 297.65 61.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 351.04 61.25 Td (in ) Tj ET Q q 0 0 0 rg BT 361.66 61.25 Td (which ) Tj ET Q q 0 0 0 rg BT 388.95 61.25 Td (we ) Tj ET Q q 0 0 0 rg BT 403.46 61.25 Td (operate, ) Tj ET Q q 0 0 0 rg BT 438.23 61.25 Td (see ) Tj ET Q q 0 0 0 rg BT 453.84 61.25 Td ("Item ) Tj ET Q q 0 0 0 rg BT 479.09 61.25 Td (1A. ) Tj ET Q q 0 0 0 rg BT 496.66 61.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 517.85 61.25 Td (Factors" ) Tj ET Q q 0 0 0 rg BT 554.22 61.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.25 Td (this ) Tj ET Q q 0 0 0 rg BT 66.95 49.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 96.10 49.25 Td (report.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 721.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 81.94 721.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 121.21 721.25 Td (as ) Tj ET Q q 0 0 0 rg BT 132.43 721.25 Td (well ) Tj ET Q q 0 0 0 rg BT 152.53 721.25 Td (as ) Tj ET Q q 0 0 0 rg BT 163.75 721.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.85 721.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 216.72 721.25 Td (services ) Tj ET Q q 0 0 0 rg BT 251.81 721.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 287.47 721.25 Td (generally) Tj ET Q q 0 0 0 rg BT 324.03 721.25 Td (, ) Tj ET Q q 0 0 0 rg BT 329.41 721.25 Td (is ) Tj ET Q q 0 0 0 rg BT 338.97 721.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 370.18 721.25 Td (to ) Tj ET Q q 0 0 0 rg BT 380.84 721.25 Td (extensive ) Tj ET Q q 0 0 0 rg BT 421.49 721.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 464.92 721.25 Td (in ) Tj ET Q q 0 0 0 rg BT 475.58 721.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.69 721.25 Td (United ) Tj ET Q q 0 0 0 rg BT 520.79 721.25 Td (States ) Tj ET Q q 0 0 0 rg BT 547.56 721.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (elsewhere. ) Tj ET Q q 0 0 0 rg BT 93.88 709.25 Td ( ) Tj ET Q q 0 0 0 rg BT 94.97 709.25 Td (As ) Tj ET Q q 0 0 0 rg BT 107.48 709.25 Td (a ) Tj ET Q q 0 0 0 rg BT 113.32 709.25 Td (matter ) Tj ET Q q 0 0 0 rg BT 140.26 709.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.99 709.25 Td (public ) Tj ET Q q 0 0 0 rg BT 176.39 709.25 Td (policy) Tj ET Q q 0 0 0 rg BT 200.73 709.25 Td (, ) Tj ET Q q 0 0 0 rg BT 204.63 709.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 247.13 709.25 Td (bodies ) Tj ET Q q 0 0 0 rg BT 274.64 709.25 Td (in ) Tj ET Q q 0 0 0 rg BT 283.82 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 297.43 709.25 Td (United ) Tj ET Q q 0 0 0 rg BT 326.05 709.25 Td (States ) Tj ET Q q 0 0 0 rg BT 351.34 709.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.18 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 380.79 709.25 Td (rest ) Tj ET Q q 0 0 0 rg BT 396.63 709.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.36 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 419.98 709.25 Td (world ) Tj ET Q q 0 0 0 rg BT 444.71 709.25 Td (are ) Tj ET Q q 0 0 0 rg BT 458.32 709.25 Td (char) Tj ET Q q 0 0 0 rg BT 475.34 709.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 491.18 709.25 Td (with ) Tj ET Q q 0 0 0 rg BT 510.36 709.25 Td (safeguarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.27 697.25 Td (integrity ) Tj ET Q q 0 0 0 rg BT 100.21 697.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.60 697.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.88 697.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 164.70 697.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.20 697.25 Td (other ) Tj ET Q q 0 0 0 rg BT 203.80 697.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 240.84 697.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 274.55 697.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.05 697.25 Td (with ) Tj ET Q q 0 0 0 rg BT 310.89 697.25 Td (protecting ) Tj ET Q q 0 0 0 rg BT 353.49 697.25 Td (the ) Tj ET Q q 0 0 0 rg BT 367.76 697.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 403.14 697.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.53 697.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 442.25 697.25 Td (participating ) Tj ET Q q 0 0 0 rg BT 494.84 697.25 Td (in ) Tj ET Q q 0 0 0 rg BT 504.68 697.25 Td (those ) Tj ET Q q 0 0 0 rg BT 527.84 697.25 Td (markets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 676.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 95.13 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.65 676.25 Td (our ) Tj ET Q q 0 0 0 rg BT 121.18 676.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 165.02 676.25 Td (are ) Tj ET Q q 0 0 0 rg BT 179.43 676.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 209.94 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 219.92 676.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 268.20 676.25 Td (with ) Tj ET Q q 0 0 0 rg BT 288.17 676.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 308.70 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.33 676.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 371.96 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.48 676.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 402.46 676.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 432.40 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.04 676.25 Td (state ) Tj ET Q q 0 0 0 rg BT 469.56 676.25 Td (governments, ) Tj ET Q q 0 0 0 rg BT 525.90 676.25 Td (non-U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (governments, ) Tj ET Q q 0 0 0 rg BT 106.42 664.25 Td (their ) Tj ET Q q 0 0 0 rg BT 127.02 664.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 169.82 664.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 206.51 664.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 234.33 664.25 Td (various ) Tj ET Q q 0 0 0 rg BT 266.04 664.25 Td (self-regulatory ) Tj ET Q q 0 0 0 rg BT 327.17 664.25 Td (or) Tj ET Q q 0 0 0 rg BT 335.32 664.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 383.13 664.25 Td (or ) Tj ET Q q 0 0 0 rg BT 393.73 664.25 Td (exchanges, ) Tj ET Q q 0 0 0 rg BT 440.15 664.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.85 664.25 Td (any ) Tj ET Q q 0 0 0 rg BT 473.56 664.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 501.93 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 511.97 664.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 544.24 664.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (these ) Tj ET Q q 0 0 0 rg BT 73.03 652.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 119.94 652.25 Td (could ) Tj ET Q q 0 0 0 rg BT 144.64 652.25 Td (expose ) Tj ET Q q 0 0 0 rg BT 174.89 652.25 Td (us ) Tj ET Q q 0 0 0 rg BT 186.26 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 196.52 652.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 230.11 652.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 258.13 652.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 291.71 652.25 Td (our ) Tj ET Q q 0 0 0 rg BT 307.52 652.25 Td (reputation. ) Tj ET Q q 0 0 0 rg BT 353.04 652.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 371.07 652.25 Td (businesses ) Tj ET Q q 0 0 0 rg BT 415.78 652.25 Td (have ) Tj ET Q q 0 0 0 rg BT 437.13 652.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 474.04 652.25 Td (for ) Tj ET Q q 0 0 0 rg BT 488.18 652.25 Td (many ) Tj ET Q q 0 0 0 rg BT 512.88 652.25 Td (years ) Tj ET Q q 0 0 0 rg BT 536.46 652.25 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.69 640.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 78.38 640.25 Td (framework ) Tj ET Q q 0 0 0 rg BT 124.51 640.25 Td (that ) Tj ET Q q 0 0 0 rg BT 141.76 640.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 176.22 640.25 Td (us ) Tj ET Q q 0 0 0 rg BT 187.37 640.25 Td (to ) Tj ET Q q 0 0 0 rg BT 197.40 640.25 Td (monitor ) Tj ET Q q 0 0 0 rg BT 231.32 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.02 640.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 280.27 640.25 Td (with ) Tj ET Q q 0 0 0 rg BT 300.30 640.25 Td (a ) Tj ET Q q 0 0 0 rg BT 307.00 640.25 Td (broad ) Tj ET Q q 0 0 0 rg BT 332.02 640.25 Td (range ) Tj ET Q q 0 0 0 rg BT 356.48 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 367.07 640.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 388.76 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 405.45 640.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 448.80 640.25 Td (developments ) Tj ET Q q 0 0 0 rg BT 506.60 640.25 Td (that ) Tj ET Q q 0 0 0 rg BT 523.85 640.25 Td (af) Tj ET Q q 0 0 0 rg BT 531.44 640.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 548.68 640.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 92.70 628.25 Td (However) Tj ET Q q 0 0 0 rg BT 128.95 628.25 Td (, ) Tj ET Q q 0 0 0 rg BT 135.56 628.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 179.65 628.25 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 227.91 628.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 264.22 628.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.11 628.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 299.65 628.25 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 354.29 628.25 Td (by ) Tj ET Q q 0 0 0 rg BT 368.40 628.25 Td (self-regulatory ) Tj ET Q q 0 0 0 rg BT 431.36 628.25 Td (or) Tj ET Q q 0 0 0 rg BT 439.51 628.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 489.16 628.25 Td (or ) Tj ET Q q 0 0 0 rg BT 501.59 628.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 537.90 628.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 628.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 106.18 616.25 Td (or ) Tj ET Q q 0 0 0 rg BT 116.82 616.25 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 169.11 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 179.75 616.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 213.73 616.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 234.37 616.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.13 616.25 Td (rules, ) Tj ET Q q 0 0 0 rg BT 275.38 616.25 Td (either ) Tj ET Q q 0 0 0 rg BT 300.46 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 310.55 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.08 616.25 Td (United ) Tj ET Q q 0 0 0 rg BT 354.61 616.25 Td (States ) Tj ET Q q 0 0 0 rg BT 380.81 616.25 Td (or ) Tj ET Q q 0 0 0 rg BT 391.45 616.25 Td (elsewhere, ) Tj ET Q q 0 0 0 rg BT 436.24 616.25 Td (may ) Tj ET Q q 0 0 0 rg BT 455.77 616.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 488.63 616.25 Td (af) Tj ET Q q 0 0 0 rg BT 496.21 616.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 513.51 616.25 Td (our ) Tj ET Q q 0 0 0 rg BT 529.16 616.25 Td (mode ) Tj ET Q q 0 0 0 rg BT 553.69 616.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 90.26 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.20 604.25 Td (profitability) Tj ET Q q 0 0 0 rg BT 154.32 604.25 Td (. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 583.25 Td (North ) Tj ET Q q 0 0 0 rg BT 75.66 583.25 Td (America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 562.25 Td (In ) Tj ET Q q 0 0 0 rg BT 73.73 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 87.84 562.25 Td (United ) Tj ET Q q 0 0 0 rg BT 116.95 562.25 Td (States, ) Tj ET Q q 0 0 0 rg BT 145.24 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.35 562.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 200.68 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.02 562.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 258.34 562.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 310.80 562.25 Td (\(SEC\) ) Tj ET Q q 0 0 0 rg BT 346.58 562.25 Td (is ) Tj ET Q q 0 0 0 rg BT 355.14 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.26 562.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 398.91 562.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 429.12 562.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 476.56 562.25 Td (for ) Tj ET Q q 0 0 0 rg BT 490.12 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.23 562.25 Td (administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.50 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.89 550.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 104.81 550.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 144.75 550.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 165.25 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 181.86 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.24 550.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 238.96 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 249.46 550.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 287.73 550.25 Td (who ) Tj ET Q q 0 0 0 rg BT 307.13 550.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 333.18 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 343.13 550.25 Td (Greenhill. ) Tj ET Q q 0 0 0 rg BT 385.57 550.25 Td ( ) Tj ET Q q 0 0 0 rg BT 387.74 550.25 Td (Both ) Tj ET Q q 0 0 0 rg BT 409.36 550.25 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 459.57 550.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 478.41 550.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 499.47 550.25 Td (\("G&Co ) Tj ET Q q 0 0 0 rg BT 535.72 550.25 Td (LLC"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.69 538.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 108.70 538.25 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 143.34 538.25 Td (LP) Tj ET Q q 0 0 0 rg BT 153.90 538.25 Td (, ) Tj ET Q q 0 0 0 rg BT 159.65 538.25 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 220.67 538.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 271.14 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.72 538.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 323.74 538.25 Td (through ) Tj ET Q q 0 0 0 rg BT 358.10 538.25 Td (which ) Tj ET Q q 0 0 0 rg BT 385.79 538.25 Td (we ) Tj ET Q q 0 0 0 rg BT 400.70 538.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 435.60 538.25 Td (our ) Tj ET Q q 0 0 0 rg BT 452.18 538.25 Td (U.S.advisory ) Tj ET Q q 0 0 0 rg BT 510.16 538.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 549.80 538.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 91.19 526.25 Td (as ) Tj ET Q q 0 0 0 rg BT 101.28 526.25 Td (broker) Tj ET Q q 0 0 0 rg BT 127.18 526.25 Td (-dealers ) Tj ET Q q 0 0 0 rg BT 160.59 526.25 Td (with ) Tj ET Q q 0 0 0 rg BT 180.13 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.11 526.25 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 216.72 526.25 Td (are ) Tj ET Q q 0 0 0 rg BT 230.69 526.25 Td (members ) Tj ET Q q 0 0 0 rg BT 269.11 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.20 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.18 526.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 332.16 526.25 Td (Industry ) Tj ET Q q 0 0 0 rg BT 367.25 526.25 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 413.06 526.25 Td (Authority ) Tj ET Q q 0 0 0 rg BT 453.71 526.25 Td (\(FINRA\), ) Tj ET Q q 0 0 0 rg BT 503.52 526.25 Td (and ) Tj ET Q q 0 0 0 rg BT 519.72 526.25 Td (are ) Tj ET Q q 0 0 0 rg BT 533.69 526.25 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.86 514.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 102.49 514.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.02 514.25 Td (oversight ) Tj ET Q q 0 0 0 rg BT 158.32 514.25 Td (by ) Tj ET Q q 0 0 0 rg BT 170.41 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.71 514.25 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 207.64 514.25 Td (In ) Tj ET Q q 0 0 0 rg BT 218.05 514.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 255.41 514.25 Td (FINRA, ) Tj ET Q q 0 0 0 rg BT 290.00 514.25 Td (a ) Tj ET Q q 0 0 0 rg BT 296.53 514.25 Td (self-regulatory ) Tj ET Q q 0 0 0 rg BT 357.48 514.25 Td (or) Tj ET Q q 0 0 0 rg BT 365.63 514.25 Td (ganization ) Tj ET Q q 0 0 0 rg BT 409.36 514.25 Td (that ) Tj ET Q q 0 0 0 rg BT 426.45 514.25 Td (is ) Tj ET Q q 0 0 0 rg BT 435.20 514.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 465.61 514.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.48 514.25 Td (oversight ) Tj ET Q q 0 0 0 rg BT 514.78 514.25 Td (by ) Tj ET Q q 0 0 0 rg BT 526.87 514.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.17 514.25 Td (SEC, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (adopts ) Tj ET Q q 0 0 0 rg BT 79.24 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 96.80 502.25 Td (enforces ) Tj ET Q q 0 0 0 rg BT 133.80 502.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 156.36 502.25 Td (governing ) Tj ET Q q 0 0 0 rg BT 200.04 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 215.38 502.25 Td (conduct, ) Tj ET Q q 0 0 0 rg BT 252.66 502.25 Td (and ) Tj ET Q q 0 0 0 rg BT 270.23 502.25 Td (examines ) Tj ET Q q 0 0 0 rg BT 311.12 502.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.46 502.25 Td (activities, ) Tj ET Q q 0 0 0 rg BT 368.19 502.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.65 502.25 Td (its ) Tj ET Q q 0 0 0 rg BT 392.22 502.25 Td (member ) Tj ET Q q 0 0 0 rg BT 428.12 502.25 Td (firms, ) Tj ET Q q 0 0 0 rg BT 454.85 502.25 Td (including ) Tj ET Q q 0 0 0 rg BT 495.75 502.25 Td (G&Co ) Tj ET Q q 0 0 0 rg BT 525.55 502.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 547.56 502.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 490.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 91.25 490.25 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 126.12 490.25 Td (LP) Tj ET Q q 0 0 0 rg BT 136.68 490.25 Td (. ) Tj ET Q q 0 0 0 rg BT 142.66 490.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.14 490.25 Td (State ) Tj ET Q q 0 0 0 rg BT 169.62 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.54 490.25 Td (local ) Tj ET Q q 0 0 0 rg BT 210.46 490.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 251.71 490.25 Td (regulators ) Tj ET Q q 0 0 0 rg BT 295.17 490.25 Td (also ) Tj ET Q q 0 0 0 rg BT 314.77 490.25 Td (have ) Tj ET Q q 0 0 0 rg BT 337.13 490.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 381.70 490.25 Td (or ) Tj ET Q q 0 0 0 rg BT 393.52 490.25 Td (oversight ) Tj ET Q q 0 0 0 rg BT 434.21 490.25 Td (authority ) Tj ET Q q 0 0 0 rg BT 473.80 490.25 Td (over ) Tj ET Q q 0 0 0 rg BT 495.05 490.25 Td (G&Co ) Tj ET Q q 0 0 0 rg BT 525.21 490.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 547.58 490.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 90.26 478.25 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 124.15 478.25 Td (LP) Tj ET Q q 0 0 0 rg BT 134.71 478.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 457.25 Td (Broker) Tj ET Q q 0 0 0 rg BT 91.07 457.25 Td (-dealers ) Tj ET Q q 0 0 0 rg BT 125.44 457.25 Td (are ) Tj ET Q q 0 0 0 rg BT 140.38 457.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 171.43 457.25 Td (to ) Tj ET Q q 0 0 0 rg BT 181.94 457.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 229.11 457.25 Td (that ) Tj ET Q q 0 0 0 rg BT 246.83 457.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 271.77 457.25 Td (all ) Tj ET Q q 0 0 0 rg BT 284.49 457.25 Td (aspects ) Tj ET Q q 0 0 0 rg BT 316.10 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.16 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.10 457.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 382.60 457.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 421.72 457.25 Td ( ) Tj ET Q q 0 0 0 rg BT 424.45 457.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 442.73 457.25 Td (business ) Tj ET Q q 0 0 0 rg BT 479.35 457.25 Td (model ) Tj ET Q q 0 0 0 rg BT 507.07 457.25 Td (is ) Tj ET Q q 0 0 0 rg BT 516.47 457.25 Td (exclusively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 83.68 445.25 Td (on ) Tj ET Q q 0 0 0 rg BT 96.26 445.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 137.73 445.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 174.18 445.25 Td (advice ) Tj ET Q q 0 0 0 rg BT 202.85 445.25 Td (to ) Tj ET Q q 0 0 0 rg BT 213.21 445.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 241.90 445.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.92 445.25 Td (we ) Tj ET Q q 0 0 0 rg BT 273.16 445.25 Td (do ) Tj ET Q q 0 0 0 rg BT 285.74 445.25 Td (not ) Tj ET Q q 0 0 0 rg BT 301.10 445.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 321.46 445.25 Td (customer ) Tj ET Q q 0 0 0 rg BT 360.69 445.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 385.49 445.25 Td (or ) Tj ET Q q 0 0 0 rg BT 396.40 445.25 Td (securities, ) Tj ET Q q 0 0 0 rg BT 439.25 445.25 Td (or ) Tj ET Q q 0 0 0 rg BT 450.16 445.25 Td (carry ) Tj ET Q q 0 0 0 rg BT 473.28 445.25 Td (on ) Tj ET Q q 0 0 0 rg BT 485.86 445.25 Td (research, ) Tj ET Q q 0 0 0 rg BT 524.24 445.25 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (trading, ) Tj ET Q q 0 0 0 rg BT 83.74 433.25 Td (lending ) Tj ET Q q 0 0 0 rg BT 116.65 433.25 Td (or ) Tj ET Q q 0 0 0 rg BT 127.89 433.25 Td (underwriting ) Tj ET Q q 0 0 0 rg BT 182.46 433.25 Td (activities. ) Tj ET Q q 0 0 0 rg BT 223.97 433.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.67 433.25 Td (While ) Tj ET Q q 0 0 0 rg BT 254.02 433.25 Td (this ) Tj ET Q q 0 0 0 rg BT 271.38 433.25 Td (means ) Tj ET Q q 0 0 0 rg BT 299.84 433.25 Td (that ) Tj ET Q q 0 0 0 rg BT 317.74 433.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 347.86 433.25 Td (broker) Tj ET Q q 0 0 0 rg BT 373.76 433.25 Td (-dealer ) Tj ET Q q 0 0 0 rg BT 404.42 433.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 454.27 433.25 Td (such ) Tj ET Q q 0 0 0 rg BT 475.51 433.25 Td (as ) Tj ET Q q 0 0 0 rg BT 486.75 433.25 Td (those ) Tj ET Q q 0 0 0 rg BT 510.78 433.25 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 554.23 433.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.05 421.25 Td (use ) Tj ET Q q 0 0 0 rg BT 81.21 421.25 Td (and ) Tj ET Q q 0 0 0 rg BT 98.49 421.25 Td (safekeeping ) Tj ET Q q 0 0 0 rg BT 149.07 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.24 421.25 Td (customers' ) Tj ET Q q 0 0 0 rg BT 205.42 421.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 230.47 421.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.75 421.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 288.34 421.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.62 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 320.67 421.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 361.26 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.43 421.25 Td (customers' ) Tj ET Q q 0 0 0 rg BT 417.61 421.25 Td (purchases, ) Tj ET Q q 0 0 0 rg BT 462.37 421.25 Td (may ) Tj ET Q q 0 0 0 rg BT 482.42 421.25 Td (not ) Tj ET Q q 0 0 0 rg BT 498.03 421.25 Td (be ) Tj ET Q q 0 0 0 rg BT 510.30 421.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 554.23 421.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 62.84 409.25 Td (we ) Tj ET Q q 0 0 0 rg BT 75.96 409.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 105.17 409.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 134.95 409.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.18 409.25 Td (other ) Tj ET Q q 0 0 0 rg BT 166.18 409.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 208.72 409.25 Td (broker) Tj ET Q q 0 0 0 rg BT 234.62 409.25 Td (-dealer ) Tj ET Q q 0 0 0 rg BT 263.83 409.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 312.21 409.25 Td (including ) Tj ET Q q 0 0 0 rg BT 351.44 409.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 393.99 409.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 422.09 409.25 Td (levels, ) Tj ET Q q 0 0 0 rg BT 449.37 409.25 Td (record ) Tj ET Q q 0 0 0 rg BT 476.36 409.25 Td (keeping ) Tj ET Q q 0 0 0 rg BT 509.47 409.25 Td (and ) Tj ET Q q 0 0 0 rg BT 525.36 409.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 106.37 397.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.47 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.35 397.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 169.67 397.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.77 397.25 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 241.86 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 251.86 397.25 Td (of) Tj ET Q q 0 0 0 rg BT 260.01 397.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 283.88 397.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.98 397.25 Td (employees. ) Tj ET Q q 0 0 0 rg BT 346.91 397.25 Td ( ) Tj ET Q q 0 0 0 rg BT 348.57 397.25 Td (In ) Tj ET Q q 0 0 0 rg BT 358.57 397.25 Td (particular) Tj ET Q q 0 0 0 rg BT 396.48 397.25 Td (, ) Tj ET Q q 0 0 0 rg BT 400.64 397.25 Td (as ) Tj ET Q q 0 0 0 rg BT 410.64 397.25 Td (a ) Tj ET Q q 0 0 0 rg BT 416.74 397.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 457.83 397.25 Td (broker) Tj ET Q q 0 0 0 rg BT 483.72 397.25 Td (-dealer ) Tj ET Q q 0 0 0 rg BT 513.14 397.25 Td (and ) Tj ET Q q 0 0 0 rg BT 529.25 397.25 Td (member ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.23 385.25 Td (a ) Tj ET Q q 0 0 0 rg BT 68.56 385.25 Td (self-regulatory ) Tj ET Q q 0 0 0 rg BT 130.32 385.25 Td (or) Tj ET Q q 0 0 0 rg BT 138.47 385.25 Td (ganization, ) Tj ET Q q 0 0 0 rg BT 185.52 385.25 Td (G&Co ) Tj ET Q q 0 0 0 rg BT 215.09 385.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 236.88 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.21 385.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 294.87 385.25 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 329.16 385.25 Td (LP) Tj ET Q q 0 0 0 rg BT 340.46 385.25 Td ( ) Tj ET Q q 0 0 0 rg BT 343.35 385.25 Td (are ) Tj ET Q q 0 0 0 rg BT 358.46 385.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 389.68 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 400.36 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.47 385.25 Td (SEC's ) Tj ET Q q 0 0 0 rg BT 442.40 385.25 Td (uniform ) Tj ET Q q 0 0 0 rg BT 477.52 385.25 Td (net ) Tj ET Q q 0 0 0 rg BT 492.63 385.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 522.18 385.25 Td (rule, ) Tj ET Q q 0 0 0 rg BT 543.13 385.25 Td (Rule ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (15c3-1. ) Tj ET Q q 0 0 0 rg BT 82.54 373.25 Td ( ) Tj ET Q q 0 0 0 rg BT 84.81 373.25 Td (Rule ) Tj ET Q q 0 0 0 rg BT 105.97 373.25 Td (15c3-1 ) Tj ET Q q 0 0 0 rg BT 136.01 373.25 Td (specifies ) Tj ET Q q 0 0 0 rg BT 173.27 373.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.76 373.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 228.92 373.25 Td (level ) Tj ET Q q 0 0 0 rg BT 250.63 373.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.23 373.25 Td (net ) Tj ET Q q 0 0 0 rg BT 275.72 373.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 304.64 373.25 Td (a ) Tj ET Q q 0 0 0 rg BT 311.35 373.25 Td (broker) Tj ET Q q 0 0 0 rg BT 337.25 373.25 Td (-dealer ) Tj ET Q q 0 0 0 rg BT 367.27 373.25 Td (must ) Tj ET Q q 0 0 0 rg BT 389.00 373.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 426.26 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.97 373.25 Td (also ) Tj ET Q q 0 0 0 rg BT 461.35 373.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 495.83 373.25 Td (that ) Tj ET Q q 0 0 0 rg BT 513.09 373.25 Td (a ) Tj ET Q q 0 0 0 rg BT 519.80 373.25 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 81.16 361.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.76 361.25 Td (a ) Tj ET Q q 0 0 0 rg BT 98.46 361.25 Td (broker) Tj ET Q q 0 0 0 rg BT 124.36 361.25 Td (-dealer's ) Tj ET Q q 0 0 0 rg BT 160.08 361.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 185.68 361.25 Td (be ) Tj ET Q q 0 0 0 rg BT 197.39 361.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 231.86 361.25 Td (in ) Tj ET Q q 0 0 0 rg BT 241.91 361.25 Td (liquid ) Tj ET Q q 0 0 0 rg BT 267.51 361.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 304.76 361.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 353.70 361.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 385.95 361.25 Td (to ) Tj ET Q q 0 0 0 rg BT 395.99 361.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.48 361.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 442.74 361.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.34 361.25 Td (its ) Tj ET Q q 0 0 0 rg BT 465.06 361.25 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 507.05 361.25 Td ( ) Tj ET Q q 0 0 0 rg BT 509.15 361.25 Td (The ) Tj ET Q q 0 0 0 rg BT 526.97 361.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 547.58 361.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (various ) Tj ET Q q 0 0 0 rg BT 81.39 349.25 Td (self-regulatory ) Tj ET Q q 0 0 0 rg BT 142.21 349.25 Td (or) Tj ET Q q 0 0 0 rg BT 150.36 349.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 197.86 349.25 Td (impose ) Tj ET Q q 0 0 0 rg BT 228.70 349.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 250.10 349.25 Td (that ) Tj ET Q q 0 0 0 rg BT 267.05 349.25 Td (require ) Tj ET Q q 0 0 0 rg BT 297.32 349.25 Td (notification ) Tj ET Q q 0 0 0 rg BT 345.37 349.25 Td (when ) Tj ET Q q 0 0 0 rg BT 368.99 349.25 Td (net ) Tj ET Q q 0 0 0 rg BT 383.16 349.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 411.77 349.25 Td (falls ) Tj ET Q q 0 0 0 rg BT 430.94 349.25 Td (below ) Tj ET Q q 0 0 0 rg BT 457.33 349.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 486.49 349.25 Td (predefined ) Tj ET Q q 0 0 0 rg BT 531.20 349.25 Td (criteria, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 71.48 337.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.29 337.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 107.20 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.13 337.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 172.37 337.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 192.18 337.25 Td (to ) Tj ET Q q 0 0 0 rg BT 202.55 337.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 230.13 337.25 Td (in ) Tj ET Q q 0 0 0 rg BT 240.50 337.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.31 337.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 298.99 337.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 328.23 337.25 Td (composition ) Tj ET Q q 0 0 0 rg BT 380.27 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.19 337.25 Td (a ) Tj ET Q q 0 0 0 rg BT 398.22 337.25 Td (broker) Tj ET Q q 0 0 0 rg BT 424.11 337.25 Td (-dealer ) Tj ET Q q 0 0 0 rg BT 454.46 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 471.49 337.25 Td (constrain ) Tj ET Q q 0 0 0 rg BT 510.73 337.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.54 337.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 553.68 337.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.10 325.25 Td (broker) Tj ET Q q 0 0 0 rg BT 82.00 325.25 Td (-dealer ) Tj ET Q q 0 0 0 rg BT 111.41 325.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.85 325.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 151.39 325.25 Td (its ) Tj ET Q q 0 0 0 rg BT 162.50 325.25 Td (business ) Tj ET Q q 0 0 0 rg BT 198.06 325.25 Td (under ) Tj ET Q q 0 0 0 rg BT 222.49 325.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 251.35 325.25 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 312.15 325.25 Td ( ) Tj ET Q q 0 0 0 rg BT 313.45 325.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 363.35 325.25 Td (, ) Tj ET Q q 0 0 0 rg BT 367.51 325.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.39 325.25 Td (SEC's ) Tj ET Q q 0 0 0 rg BT 407.08 325.25 Td (uniform ) Tj ET Q q 0 0 0 rg BT 440.96 325.25 Td (net ) Tj ET Q q 0 0 0 rg BT 454.84 325.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 483.15 325.25 Td (rule ) Tj ET Q q 0 0 0 rg BT 500.36 325.25 Td (imposes ) Tj ET Q q 0 0 0 rg BT 534.80 325.25 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 104.64 313.25 Td (that ) Tj ET Q q 0 0 0 rg BT 122.07 313.25 Td (may ) Tj ET Q q 0 0 0 rg BT 141.73 313.25 Td (have ) Tj ET Q q 0 0 0 rg BT 163.04 313.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.70 313.25 Td (ef) Tj ET Q q 0 0 0 rg BT 185.29 313.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 202.71 313.25 Td (of ) Tj ET Q q 0 0 0 rg BT 213.48 313.25 Td (prohibiting ) Tj ET Q q 0 0 0 rg BT 260.36 313.25 Td (a ) Tj ET Q q 0 0 0 rg BT 267.23 313.25 Td (broker) Tj ET Q q 0 0 0 rg BT 293.13 313.25 Td (-dealer ) Tj ET Q q 0 0 0 rg BT 323.33 313.25 Td (from ) Tj ET Q q 0 0 0 rg BT 345.20 313.25 Td (distributing ) Tj ET Q q 0 0 0 rg BT 393.75 313.25 Td (or ) Tj ET Q q 0 0 0 rg BT 404.52 313.25 Td (withdrawing ) Tj ET Q q 0 0 0 rg BT 457.51 313.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 486.59 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 503.47 313.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 542.56 313.25 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (notice ) Tj ET Q q 0 0 0 rg BT 76.93 301.25 Td (to ) Tj ET Q q 0 0 0 rg BT 87.21 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.93 301.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 122.77 301.25 Td (for ) Tj ET Q q 0 0 0 rg BT 136.93 301.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 166.63 301.25 Td (withdrawals ) Tj ET Q q 0 0 0 rg BT 218.01 301.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.84 301.25 Td (capital.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 280.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 81.02 280.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 109.64 280.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 146.05 280.25 Td (business ) Tj ET Q q 0 0 0 rg BT 181.91 280.25 Td (also ) Tj ET Q q 0 0 0 rg BT 199.99 280.25 Td (is ) Tj ET Q q 0 0 0 rg BT 208.63 280.25 Td (af) Tj ET Q q 0 0 0 rg BT 216.22 280.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 242.61 280.25 Td (by ) Tj ET Q q 0 0 0 rg BT 254.58 280.25 Td (various ) Tj ET Q q 0 0 0 rg BT 285.99 280.25 Td (state ) Tj ET Q q 0 0 0 rg BT 306.29 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 322.70 280.25 Td (local ) Tj ET Q q 0 0 0 rg BT 344.10 280.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 390.50 280.25 Td (that ) Tj ET Q q 0 0 0 rg BT 407.47 280.25 Td (restrict ) Tj ET Q q 0 0 0 rg BT 437.20 280.25 Td (or ) Tj ET Q q 0 0 0 rg BT 447.50 280.25 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 481.14 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.33 280.25 Td (use ) Tj ET Q q 0 0 0 rg BT 510.63 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.93 280.25 Td (placement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (agents ) Tj ET Q q 0 0 0 rg BT 77.87 268.25 Td (in ) Tj ET Q q 0 0 0 rg BT 87.98 268.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 134.17 268.25 Td (with ) Tj ET Q q 0 0 0 rg BT 154.28 268.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 204.38 268.25 Td (by ) Tj ET Q q 0 0 0 rg BT 216.70 268.25 Td (public ) Tj ET Q q 0 0 0 rg BT 244.02 268.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 277.46 268.25 Td (funds, ) Tj ET Q q 0 0 0 rg BT 304.51 268.25 Td (including ) Tj ET Q q 0 0 0 rg BT 344.60 268.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 391.36 268.25 Td (in ) Tj ET Q q 0 0 0 rg BT 401.47 268.25 Td (New ) Tj ET Q q 0 0 0 rg BT 422.33 268.25 Td (Y) Tj ET Q q 0 0 0 rg BT 428.55 268.25 Td (ork, ) Tj ET Q q 0 0 0 rg BT 446.71 268.25 Td (Illinois, ) Tj ET Q q 0 0 0 rg BT 479.87 268.25 Td (Ohio, ) Tj ET Q q 0 0 0 rg BT 504.69 268.25 Td (California ) Tj ET Q q 0 0 0 rg BT 547.56 268.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (New ) Tj ET Q q 0 0 0 rg BT 71.38 256.25 Td (Mexico. ) Tj ET Q q 0 0 0 rg BT 106.93 256.25 Td (Similar ) Tj ET Q q 0 0 0 rg BT 138.87 256.25 Td (measures ) Tj ET Q q 0 0 0 rg BT 178.58 256.25 Td (are ) Tj ET Q q 0 0 0 rg BT 193.29 256.25 Td (being ) Tj ET Q q 0 0 0 rg BT 218.00 256.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 263.82 256.25 Td (or ) Tj ET Q q 0 0 0 rg BT 274.65 256.25 Td (have ) Tj ET Q q 0 0 0 rg BT 296.03 256.25 Td (been ) Tj ET Q q 0 0 0 rg BT 317.40 256.25 Td (implemented ) Tj ET Q q 0 0 0 rg BT 372.11 256.25 Td (in ) Tj ET Q q 0 0 0 rg BT 382.39 256.25 Td (other ) Tj ET Q q 0 0 0 rg BT 405.43 256.25 Td (jurisdictions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 235.25 Td (In ) Tj ET Q q 0 0 0 rg BT 72.84 235.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 110.63 235.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 150.90 235.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 182.30 235.25 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 220.08 235.25 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 243.98 235.25 Td (our ) Tj ET Q q 0 0 0 rg BT 259.82 235.25 Td (wholly ) Tj ET Q q 0 0 0 rg BT 290.11 235.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 319.28 235.25 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 359.74 235.25 Td (, ) Tj ET Q q 0 0 0 rg BT 364.75 235.25 Td (which ) Tj ET Q q 0 0 0 rg BT 391.70 235.25 Td (operated ) Tj ET Q q 0 0 0 rg BT 428.64 235.25 Td (as ) Tj ET Q q 0 0 0 rg BT 439.48 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.43 235.25 Td (will ) Tj ET Q q 0 0 0 rg BT 474.50 235.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 511.45 235.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.74 235.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 553.67 235.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.25 Td (general ) Tj ET Q q 0 0 0 rg BT 81.13 223.25 Td (partner ) Tj ET Q q 0 0 0 rg BT 111.15 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.19 223.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 160.66 223.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 191.25 223.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 225.72 223.25 Td (I ) Tj ET Q q 0 0 0 rg BT 230.76 223.25 Td (\("GCP) Tj ET Q q 0 0 0 rg BT 257.25 223.25 Td ( ) Tj ET Q q 0 0 0 rg BT 258.96 223.25 Td (I"\) ) Tj ET Q q 0 0 0 rg BT 271.41 223.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.55 223.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 327.02 223.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 357.61 223.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 392.09 223.25 Td (II ) Tj ET Q q 0 0 0 rg BT 400.45 223.25 Td (\("GCP) Tj ET Q q 0 0 0 rg BT 426.95 223.25 Td ( ) Tj ET Q q 0 0 0 rg BT 428.65 223.25 Td (II"\), ) Tj ET Q q 0 0 0 rg BT 446.93 223.25 Td (our ) Tj ET Q q 0 0 0 rg BT 461.97 223.25 Td (former ) Tj ET Q q 0 0 0 rg BT 490.88 223.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 529.79 223.25 Td (banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.25 Td (funds, ) Tj ET Q q 0 0 0 rg BT 76.41 211.25 Td (is ) Tj ET Q q 0 0 0 rg BT 84.77 211.25 Td (a ) Tj ET Q q 0 0 0 rg BT 90.90 211.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 132.01 211.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 177.58 211.25 Td (adviser ) Tj ET Q q 0 0 0 rg BT 208.14 211.25 Td (under ) Tj ET Q q 0 0 0 rg BT 232.60 211.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.51 211.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 292.25 211.25 Td (Advisers ) Tj ET Q q 0 0 0 rg BT 329.12 211.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 345.25 211.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.27 211.25 Td (1940, ) Tj ET Q q 0 0 0 rg BT 379.46 211.25 Td (as ) Tj ET Q q 0 0 0 rg BT 389.47 211.25 Td (amended. ) Tj ET Q q 0 0 0 rg BT 429.76 211.25 Td ( ) Tj ET Q q 0 0 0 rg BT 431.07 211.25 Td (As ) Tj ET Q q 0 0 0 rg BT 443.87 211.25 Td (such, ) Tj ET Q q 0 0 0 rg BT 466.39 211.25 Td (it ) Tj ET Q q 0 0 0 rg BT 473.64 211.25 Td (is ) Tj ET Q q 0 0 0 rg BT 482.00 211.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 512.01 211.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.48 211.25 Td (regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.71 199.25 Td (periodic ) Tj ET Q q 0 0 0 rg BT 101.75 199.25 Td (examinations ) Tj ET Q q 0 0 0 rg BT 157.35 199.25 Td (by ) Tj ET Q q 0 0 0 rg BT 169.62 199.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.12 199.25 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 207.23 199.25 Td ( ) Tj ET Q q 0 0 0 rg BT 209.51 199.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 231.78 199.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 278.49 199.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 302.97 199.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 315.52 199.25 Td (among ) Tj ET Q q 0 0 0 rg BT 345.01 199.25 Td (other ) Tj ET Q q 0 0 0 rg BT 367.84 199.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 397.06 199.25 Td (fiduciary ) Tj ET Q q 0 0 0 rg BT 435.43 199.25 Td (duties ) Tj ET Q q 0 0 0 rg BT 461.59 199.25 Td (to ) Tj ET Q q 0 0 0 rg BT 471.65 199.25 Td (clients, ) Tj ET Q q 0 0 0 rg BT 502.52 199.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 552.57 199.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 187.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 86.79 187.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 134.89 187.25 Td (program, ) Tj ET Q q 0 0 0 rg BT 173.27 187.25 Td (solicitation ) Tj ET Q q 0 0 0 rg BT 219.71 187.25 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 269.74 187.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 306.18 187.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.51 187.25 Td (interest, ) Tj ET Q q 0 0 0 rg BT 350.45 187.25 Td (recordkeeping ) Tj ET Q q 0 0 0 rg BT 409.65 187.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.09 187.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 464.75 187.25 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 521.45 187.25 Td (disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.25 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 107.77 175.25 Td (limitations ) Tj ET Q q 0 0 0 rg BT 153.62 175.25 Td (on ) Tj ET Q q 0 0 0 rg BT 166.69 175.25 Td (agency ) Tj ET Q q 0 0 0 rg BT 198.08 175.25 Td (cross ) Tj ET Q q 0 0 0 rg BT 221.70 175.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.21 175.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 277.82 175.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 328.65 175.25 Td (between ) Tj ET Q q 0 0 0 rg BT 365.04 175.25 Td (an ) Tj ET Q q 0 0 0 rg BT 377.55 175.25 Td (adviser ) Tj ET Q q 0 0 0 rg BT 409.50 175.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.00 175.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 464.51 175.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 493.69 175.25 Td (and ) Tj ET Q q 0 0 0 rg BT 511.20 175.25 Td (general ) Tj ET Q q 0 0 0 rg BT 543.69 175.25 Td (anti-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.25 Td (fraud ) Tj ET Q q 0 0 0 rg BT 73.60 163.25 Td (prohibitions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (Eur) Tj ET Q q 0 0 0 rg BT 64.63 142.25 Td (ope) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 121.25 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 113.92 121.25 Td (Co. ) Tj ET Q q 0 0 0 rg BT 130.46 121.25 Td (International ) Tj ET Q q 0 0 0 rg BT 183.92 121.25 Td (LLP) Tj ET Q q 0 0 0 rg BT 201.33 121.25 Td ( ) Tj ET Q q 0 0 0 rg BT 203.70 121.25 Td (and ) Tj ET Q q 0 0 0 rg BT 220.51 121.25 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 270.93 121.25 Td (Co. ) Tj ET Q q 0 0 0 rg BT 287.47 121.25 Td (Europe ) Tj ET Q q 0 0 0 rg BT 318.72 121.25 Td (LLP) Tj ET Q q 0 0 0 rg BT 335.39 121.25 Td (, ) Tj ET Q q 0 0 0 rg BT 340.26 121.25 Td (our ) Tj ET Q q 0 0 0 rg BT 355.97 121.25 Td (wholly ) Tj ET Q q 0 0 0 rg BT 386.12 121.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 415.15 121.25 Td (af) Tj ET Q q 0 0 0 rg BT 422.74 121.25 Td (filiated ) Tj ET Q q 0 0 0 rg BT 453.43 121.25 Td (partnerships ) Tj ET Q q 0 0 0 rg BT 504.68 121.25 Td (with ) Tj ET Q q 0 0 0 rg BT 524.83 121.25 Td (of) Tj ET Q q 0 0 0 rg BT 532.98 121.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 554.23 121.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.76 109.25 Td (United ) Tj ET Q q 0 0 0 rg BT 94.51 109.25 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 134.83 109.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.81 109.25 Td (Germany) Tj ET Q q 0 0 0 rg BT 188.36 109.25 Td (, ) Tj ET Q q 0 0 0 rg BT 193.40 109.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 241.06 109.25 Td (, ) Tj ET Q q 0 0 0 rg BT 246.10 109.25 Td (through ) Tj ET Q q 0 0 0 rg BT 279.75 109.25 Td (which ) Tj ET Q q 0 0 0 rg BT 306.73 109.25 Td (we ) Tj ET Q q 0 0 0 rg BT 320.93 109.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 355.12 109.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.88 109.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 406.30 109.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.17 109.25 Td (our ) Tj ET Q q 0 0 0 rg BT 433.04 109.25 Td (European ) Tj ET Q q 0 0 0 rg BT 473.89 109.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 510.87 109.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 549.80 109.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.25 Td (licensed ) Tj ET Q q 0 0 0 rg BT 84.48 97.25 Td (by ) Tj ET Q q 0 0 0 rg BT 96.20 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 112.36 97.25 Td (also ) Tj ET Q q 0 0 0 rg BT 130.19 97.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 160.24 97.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.74 97.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 212.00 97.25 Td (by ) Tj ET Q q 0 0 0 rg BT 223.72 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.65 97.25 Td (UnitedKingdom's ) Tj ET Q q 0 0 0 rg BT 312.56 97.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 351.50 97.25 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 386.72 97.25 Td (Authority ) Tj ET Q q 0 0 0 rg BT 427.33 97.25 Td (\(FCA\). ) Tj ET Q q 0 0 0 rg BT 466.54 97.25 Td ( ) Tj ET Q q 0 0 0 rg BT 468.26 97.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 507.74 97.25 Td (& ) Tj ET Q q 0 0 0 rg BT 517.24 97.25 Td (Co. ) Tj ET Q q 0 0 0 rg BT 533.13 97.25 Td (Europe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.25 Td (LLP) Tj ET Q q 0 0 0 rg BT 67.41 85.25 Td ( ) Tj ET Q q 0 0 0 rg BT 70.52 85.25 Td (also ) Tj ET Q q 0 0 0 rg BT 89.75 85.25 Td (is ) Tj ET Q q 0 0 0 rg BT 99.54 85.25 Td (licensed ) Tj ET Q q 0 0 0 rg BT 135.42 85.25 Td (by ) Tj ET Q q 0 0 0 rg BT 148.54 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.09 85.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 197.54 85.25 Td (to ) Tj ET Q q 0 0 0 rg BT 208.43 85.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 252.09 85.25 Td (by ) Tj ET Q q 0 0 0 rg BT 265.21 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.54 85.25 Td (Federal ) Tj ET Q q 0 0 0 rg BT 313.65 85.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 353.98 85.25 Td (Supervisory ) Tj ET Q q 0 0 0 rg BT 404.74 85.25 Td (Authority ) Tj ET Q q 0 0 0 rg BT 446.74 85.25 Td (in ) Tj ET Q q 0 0 0 rg BT 457.64 85.25 Td (Germany ) Tj ET Q q 0 0 0 rg BT 497.96 85.25 Td (\(BaFin\). ) Tj ET Q q 0 0 0 rg BT 543.56 85.25 Td ( ) Tj ET Q q 0 0 0 rg BT 546.46 85.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.25 Td (current ) Tj ET Q q 0 0 0 rg BT 80.42 73.25 Td (UK ) Tj ET Q q 0 0 0 rg BT 96.97 73.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 140.17 73.25 Td (regime ) Tj ET Q q 0 0 0 rg BT 170.04 73.25 Td (is ) Tj ET Q q 0 0 0 rg BT 178.82 73.25 Td (based ) Tj ET Q q 0 0 0 rg BT 203.69 73.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 225.80 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.12 73.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 279.44 73.25 Td (Services ) Tj ET Q q 0 0 0 rg BT 315.42 73.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.96 73.25 Td (Markets ) Tj ET Q q 0 0 0 rg BT 366.37 73.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 382.92 73.25 Td (2000 ) Tj ET Q q 0 0 0 rg BT 405.02 73.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 422.68 73.25 Td (FSMA\), ) Tj ET Q q 0 0 0 rg BT 466.73 73.25 Td (together ) Tj ET Q q 0 0 0 rg BT 501.60 73.25 Td (with ) Tj ET Q q 0 0 0 rg BT 521.48 73.25 Td (secondary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.25 Td (legislation ) Tj ET Q q 0 0 0 rg BT 93.67 61.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.12 61.25 Td (other ) Tj ET Q q 0 0 0 rg BT 132.68 61.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 154.13 61.25 Td (made ) Tj ET Q q 0 0 0 rg BT 177.80 61.25 Td (under ) Tj ET Q q 0 0 0 rg BT 202.58 61.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.81 61.25 Td (FSMA. ) Tj ET Q q 0 0 0 rg BT 248.55 61.25 Td ( ) Tj ET Q q 0 0 0 rg BT 250.42 61.25 Td (These ) Tj ET Q q 0 0 0 rg BT 276.31 61.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 297.76 61.25 Td (govern ) Tj ET Q q 0 0 0 rg BT 327.54 61.25 Td (all ) Tj ET Q q 0 0 0 rg BT 339.55 61.25 Td (aspects ) Tj ET Q q 0 0 0 rg BT 370.44 61.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.78 61.25 Td (our ) Tj ET Q q 0 0 0 rg BT 396.12 61.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 432.57 61.25 Td (business ) Tj ET Q q 0 0 0 rg BT 468.47 61.25 Td (in ) Tj ET Q q 0 0 0 rg BT 478.26 61.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.49 61.25 Td (United ) Tj ET Q q 0 0 0 rg BT 521.72 61.25 Td (Kingdom, ) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (including ) Tj ET Q q 0 0 0 rg BT 89.81 742.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 125.17 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 137.21 742.10 Td (regulated ) Tj ET Q q 0 0 0 rg BT 176.45 742.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 217.09 742.10 Td (record ) Tj ET Q q 0 0 0 rg BT 244.67 742.10 Td (keeping, ) Tj ET Q q 0 0 0 rg BT 280.86 742.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 317.89 742.10 Td (standards ) Tj ET Q q 0 0 0 rg BT 357.70 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 371.40 742.10 Td (individuals, ) Tj ET Q q 0 0 0 rg BT 420.38 742.10 Td (anti-money ) Tj ET Q q 0 0 0 rg BT 467.96 742.10 Td (laundering ) Tj ET Q q 0 0 0 rg BT 512.77 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.24 742.10 Td (periodic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (reporting.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 709.10 Td (Both ) Tj ET Q q 0 0 0 rg BT 85.69 709.10 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 136.46 709.10 Td (Co. ) Tj ET Q q 0 0 0 rg BT 153.37 709.10 Td (International ) Tj ET Q q 0 0 0 rg BT 207.20 709.10 Td (LLP) Tj ET Q q 0 0 0 rg BT 224.60 709.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.34 709.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.52 709.10 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 295.29 709.10 Td (Co. ) Tj ET Q q 0 0 0 rg BT 312.20 709.10 Td (Europe ) Tj ET Q q 0 0 0 rg BT 343.81 709.10 Td (LLP) Tj ET Q q 0 0 0 rg BT 361.22 709.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.96 709.10 Td (have ) Tj ET Q q 0 0 0 rg BT 385.57 709.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 422.74 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.70 709.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 485.97 709.10 Td (European ) Tj ET Q q 0 0 0 rg BT 527.02 709.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (services ) Tj ET Q q 0 0 0 rg BT 83.94 697.10 Td (passport ) Tj ET Q q 0 0 0 rg BT 119.00 697.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 143.51 697.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.02 697.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 185.30 697.10 Td (cross-border ) Tj ET Q q 0 0 0 rg BT 237.02 697.10 Td (services ) Tj ET Q q 0 0 0 rg BT 270.96 697.10 Td (into ) Tj ET Q q 0 0 0 rg BT 288.24 697.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.42 697.10 Td (number ) Tj ET Q q 0 0 0 rg BT 326.69 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.76 697.10 Td (other ) Tj ET Q q 0 0 0 rg BT 359.04 697.10 Td (members ) Tj ET Q q 0 0 0 rg BT 397.42 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.49 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.44 697.10 Td (European ) Tj ET Q q 0 0 0 rg BT 461.48 697.10 Td (Economic ) Tj ET Q q 0 0 0 rg BT 503.38 697.10 Td (Area ) Tj ET Q q 0 0 0 rg BT 524.54 697.10 Td (\(EEA\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (This ) Tj ET Q q 0 0 0 rg BT 70.19 685.10 Td (passport ) Tj ET Q q 0 0 0 rg BT 114.80 685.10 Td (derives ) Tj ET Q q 0 0 0 rg BT 146.09 685.10 Td (from ) Tj ET Q q 0 0 0 rg BT 167.94 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.56 685.10 Td (pan-European ) Tj ET Q q 0 0 0 rg BT 241.05 685.10 Td (regime ) Tj ET Q q 0 0 0 rg BT 271.23 685.10 Td (established ) Tj ET Q q 0 0 0 rg BT 318.07 685.10 Td (by ) Tj ET Q q 0 0 0 rg BT 330.48 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.10 685.10 Td (EU ) Tj ET Q q 0 0 0 rg BT 360.84 685.10 Td (Markets ) Tj ET Q q 0 0 0 rg BT 396.02 685.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.21 685.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 445.83 685.10 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 495.45 685.10 Td (Directive, ) Tj ET Q q 0 0 0 rg BT 537.56 685.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (regulates ) Tj ET Q q 0 0 0 rg BT 88.59 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.31 673.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 143.59 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.42 673.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 191.90 673.10 Td (services ) Tj ET Q q 0 0 0 rg BT 226.61 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.54 673.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 282.14 673.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 328.53 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.25 673.10 Td (EEA.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 652.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 103.55 652.10 Td (& ) Tj ET Q q 0 0 0 rg BT 113.62 652.10 Td (Co. ) Tj ET Q q 0 0 0 rg BT 130.08 652.10 Td (Sweden ) Tj ET Q q 0 0 0 rg BT 163.53 652.10 Td (AB, ) Tj ET Q q 0 0 0 rg BT 182.21 652.10 Td (our ) Tj ET Q q 0 0 0 rg BT 197.83 652.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 227.90 652.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 256.85 652.10 Td (Swedish ) Tj ET Q q 0 0 0 rg BT 293.03 652.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 336.43 652.10 Td (with ) Tj ET Q q 0 0 0 rg BT 356.50 652.10 Td (an ) Tj ET Q q 0 0 0 rg BT 368.22 652.10 Td (of) Tj ET Q q 0 0 0 rg BT 376.37 652.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 393.65 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.72 652.10 Td (Stockholm, ) Tj ET Q q 0 0 0 rg BT 451.84 652.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 488.57 652.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.84 652.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 554.23 652.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 78.60 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 88.88 640.10 Td (Sweden ) Tj ET Q q 0 0 0 rg BT 123.04 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.98 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.70 640.10 Td (wider ) Tj ET Q q 0 0 0 rg BT 179.97 640.10 Td (Nordic ) Tj ET Q q 0 0 0 rg BT 210.23 640.10 Td (region, ) Tj ET Q q 0 0 0 rg BT 240.78 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.72 640.10 Td (is ) Tj ET Q q 0 0 0 rg BT 266.89 640.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 297.71 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.99 640.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 351.04 640.10 Td (by ) Tj ET Q q 0 0 0 rg BT 363.54 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.25 640.10 Td (Swedish ) Tj ET Q q 0 0 0 rg BT 414.64 640.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 454.36 640.10 Td (Supervisory ) Tj ET Q q 0 0 0 rg BT 504.63 640.10 Td (Authority) Tj ET Q q 0 0 0 rg BT 542.87 640.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td (Australia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 598.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 103.27 598.10 Td (& ) Tj ET Q q 0 0 0 rg BT 113.06 598.10 Td (Co. ) Tj ET Q q 0 0 0 rg BT 128.80 598.10 Td (Australia ) Tj ET Q q 0 0 0 rg BT 167.46 598.10 Td (Pty ) Tj ET Q q 0 0 0 rg BT 182.81 598.10 Td (Limited ) Tj ET Q q 0 0 0 rg BT 216.48 598.10 Td (\("Greenhill ) Tj ET Q q 0 0 0 rg BT 263.22 598.10 Td (Australia"\), ) Tj ET Q q 0 0 0 rg BT 311.80 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 327.14 598.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 356.92 598.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 385.15 598.10 Td (Australian ) Tj ET Q q 0 0 0 rg BT 428.82 598.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 469.27 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 473.78 598.10 Td (is ) Tj ET Q q 0 0 0 rg BT 482.46 598.10 Td (licensed ) Tj ET Q q 0 0 0 rg BT 517.24 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 533.68 598.10 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.57 586.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 101.89 586.10 Td (by ) Tj ET Q q 0 0 0 rg BT 113.68 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.29 586.10 Td (Australian ) Tj ET Q q 0 0 0 rg BT 170.73 586.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 211.95 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 228.18 586.10 Td (Investments ) Tj ET Q q 0 0 0 rg BT 278.29 586.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 330.65 586.10 Td (\(ASIC\) ) Tj ET Q q 0 0 0 rg BT 370.75 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.98 586.10 Td (must ) Tj ET Q q 0 0 0 rg BT 408.21 586.10 Td (also ) Tj ET Q q 0 0 0 rg BT 426.11 586.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 457.89 586.10 Td (with ) Tj ET Q q 0 0 0 rg BT 477.46 586.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 520.33 586.10 Td (provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.75 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.40 574.10 Td (Corporations ) Tj ET Q q 0 0 0 rg BT 129.50 574.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 146.36 574.10 Td (2001 ) Tj ET Q q 0 0 0 rg BT 168.79 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.65 574.10 Td (other ) Tj ET Q q 0 0 0 rg BT 208.09 574.10 Td (Australian ) Tj ET Q q 0 0 0 rg BT 252.17 574.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 274.02 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.89 574.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 334.41 574.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 391.53 574.10 Td (including ) Tj ET Q q 0 0 0 rg BT 431.73 574.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 460.80 574.10 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 500.98 574.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 525.35 574.10 Td (customer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 93.04 562.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 117.48 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.42 562.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 183.01 562.10 Td (with ) Tj ET Q q 0 0 0 rg BT 203.29 562.10 Td (other ) Tj ET Q q 0 0 0 rg BT 226.33 562.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 269.92 562.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 300.75 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.69 562.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 364.07 562.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 398.78 562.10 Td (regulations. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (Asia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 520.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 103.89 520.10 Td (& ) Tj ET Q q 0 0 0 rg BT 114.29 520.10 Td (Co. ) Tj ET Q q 0 0 0 rg BT 131.08 520.10 Td (Japan ) Tj ET Q q 0 0 0 rg BT 156.47 520.10 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 177.98 520.10 Td (a ) Tj ET Q q 0 0 0 rg BT 185.05 520.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 215.45 520.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 244.73 520.10 Td (Japanese ) Tj ET Q q 0 0 0 rg BT 282.89 520.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 326.63 520.10 Td (with ) Tj ET Q q 0 0 0 rg BT 347.03 520.10 Td (an ) Tj ET Q q 0 0 0 rg BT 359.09 520.10 Td (of) Tj ET Q q 0 0 0 rg BT 367.24 520.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 384.85 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 395.06 520.10 Td (T) Tj ET Q q 0 0 0 rg BT 400.47 520.10 Td (okyo, ) Tj ET Q q 0 0 0 rg BT 425.59 520.10 Td (is ) Tj ET Q q 0 0 0 rg BT 434.89 520.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 476.93 520.10 Td (with ) Tj ET Q q 0 0 0 rg BT 497.34 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.18 520.10 Td (Kanto ) Tj ET Q q 0 0 0 rg BT 539.24 520.10 Td (Local ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 83.47 508.10 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 114.16 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.30 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.33 508.10 Td (Ministry ) Tj ET Q q 0 0 0 rg BT 174.60 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.74 508.10 Td (Finance ) Tj ET Q q 0 0 0 rg BT 218.21 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.80 508.10 Td (Japan ) Tj ET Q q 0 0 0 rg BT 252.39 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.64 508.10 Td (is ) Tj ET Q q 0 0 0 rg BT 277.12 508.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 307.26 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.85 508.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 359.21 508.10 Td (by ) Tj ET Q q 0 0 0 rg BT 371.02 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.05 508.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 424.08 508.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 459.37 508.10 Td (Agency ) Tj ET Q q 0 0 0 rg BT 492.28 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 508.54 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.57 508.10 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.98 496.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 108.95 496.10 Td (Surveillance ) Tj ET Q q 0 0 0 rg BT 161.48 496.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 214.59 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.91 496.10 Td (Japan, ) Tj ET Q q 0 0 0 rg BT 252.73 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.71 496.10 Td (must ) Tj ET Q q 0 0 0 rg BT 291.71 496.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 324.25 496.10 Td (with ) Tj ET Q q 0 0 0 rg BT 344.57 496.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 388.20 496.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 432.42 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.30 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.06 496.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 497.81 496.10 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 547.58 496.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 90.58 484.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 106.50 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.42 484.10 Td (other ) Tj ET Q q 0 0 0 rg BT 144.45 484.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 187.03 484.10 Td (Japanese ) Tj ET Q q 0 0 0 rg BT 224.05 484.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 244.96 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.89 484.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 303.46 484.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 359.65 484.10 Td (including ) Tj ET Q q 0 0 0 rg BT 398.90 484.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 437.04 484.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 479.07 484.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 499.99 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.91 484.10 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.28 472.10 Td (other ) Tj ET Q q 0 0 0 rg BT 93.33 472.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 136.91 472.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 167.74 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.68 472.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 231.06 472.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 265.78 472.10 Td (regulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 451.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 103.25 451.10 Td (& ) Tj ET Q q 0 0 0 rg BT 113.01 451.10 Td (Co. ) Tj ET Q q 0 0 0 rg BT 128.73 451.10 Td (Asia ) Tj ET Q q 0 0 0 rg BT 149.05 451.10 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 185.20 451.10 Td (a ) Tj ET Q q 0 0 0 rg BT 191.62 451.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 221.38 451.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 250.03 451.10 Td (Hong ) Tj ET Q q 0 0 0 rg BT 274.24 451.10 Td (Kong ) Tj ET Q q 0 0 0 rg BT 298.45 451.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 338.91 451.10 Td (, ) Tj ET Q q 0 0 0 rg BT 343.39 451.10 Td (is ) Tj ET Q q 0 0 0 rg BT 352.05 451.10 Td (licensed ) Tj ET Q q 0 0 0 rg BT 386.80 451.10 Td (under ) Tj ET Q q 0 0 0 rg BT 411.55 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.76 451.10 Td (Hong ) Tj ET Q q 0 0 0 rg BT 449.96 451.10 Td (Kong ) Tj ET Q q 0 0 0 rg BT 474.17 451.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 515.59 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.02 451.10 Td (Futures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (Ordinance ) Tj ET Q q 0 0 0 rg BT 93.73 439.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.60 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.90 439.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 169.42 439.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.94 439.10 Td (Futures ) Tj ET Q q 0 0 0 rg BT 218.03 439.10 Td (Commission ) Tj ET Q q 0 0 0 rg BT 270.68 439.10 Td (\(SFC\) ) Tj ET Q q 0 0 0 rg BT 306.10 439.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.63 439.10 Td (is ) Tj ET Q q 0 0 0 rg BT 331.38 439.10 Td (regulated ) Tj ET Q q 0 0 0 rg BT 370.67 439.10 Td (by ) Tj ET Q q 0 0 0 rg BT 382.76 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.06 439.10 Td (SFC. ) Tj ET Q q 0 0 0 rg BT 419.29 439.10 Td (The ) Tj ET Q q 0 0 0 rg BT 436.92 439.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 485.10 439.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 539.39 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 439.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (SFC ) Tj ET Q q 0 0 0 rg BT 70.42 427.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 104.98 427.10 Td (among ) Tj ET Q q 0 0 0 rg BT 134.82 427.10 Td (other ) Tj ET Q q 0 0 0 rg BT 157.99 427.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 187.56 427.10 Td (net ) Tj ET Q q 0 0 0 rg BT 202.40 427.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 234.18 427.10 Td (stockholders' ) Tj ET Q q 0 0 0 rg BT 289.15 427.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 316.77 427.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.83 427.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 369.22 427.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 408.50 427.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 465.83 427.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.89 427.10 Td (also ) Tj ET Q q 0 0 0 rg BT 501.62 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.46 427.10 Td (registration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 415.10 Td (training ) Tj ET Q q 0 0 0 rg BT 100.54 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.37 415.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 141.07 415.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 186.34 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.28 415.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 251.32 415.10 Td (of) Tj ET Q q 0 0 0 rg BT 259.47 415.10 Td (ficers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 394.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 104.20 394.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 135.38 394.10 Td (Asia ) Tj ET Q q 0 0 0 rg BT 156.65 394.10 Td (Pte. ) Tj ET Q q 0 0 0 rg BT 174.87 394.10 Td (Ltd., ) Tj ET Q q 0 0 0 rg BT 196.69 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 204.07 394.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 234.79 394.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 264.39 394.10 Td (Singapore ) Tj ET Q q 0 0 0 rg BT 307.88 394.10 Td (subsidiary) Tj ET Q q 0 0 0 rg BT 348.33 394.10 Td (, ) Tj ET Q q 0 0 0 rg BT 353.77 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 363.38 394.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 401.32 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.04 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.19 394.10 Td (Monetary ) Tj ET Q q 0 0 0 rg BT 468.36 394.10 Td (Authority ) Tj ET Q q 0 0 0 rg BT 510.19 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.46 394.10 Td (Singapore ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (\("MAS"\) ) Tj ET Q q 0 0 0 rg BT 88.62 382.10 Td (for ) Tj ET Q q 0 0 0 rg BT 102.41 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 108.97 382.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 137.75 382.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 171.53 382.10 Td (services ) Tj ET Q q 0 0 0 rg BT 205.86 382.10 Td (license ) Tj ET Q q 0 0 0 rg BT 235.75 382.10 Td (under ) Tj ET Q q 0 0 0 rg BT 260.65 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.99 382.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 316.55 382.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.11 382.10 Td (Futures ) Tj ET Q q 0 0 0 rg BT 364.77 382.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 383.83 382.10 Td (Chapter ) Tj ET Q q 0 0 0 rg BT 417.61 382.10 Td (289, ) Tj ET Q q 0 0 0 rg BT 437.24 382.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.69 382.10 Td (Singapore ) Tj ET Q q 0 0 0 rg BT 490.37 382.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 509.43 382.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 539.88 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.78 382.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 73.16 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.10 370.10 Td (such ) Tj ET Q q 0 0 0 rg BT 105.04 370.10 Td (license, ) Tj ET Q q 0 0 0 rg BT 137.91 370.10 Td (will ) Tj ET Q q 0 0 0 rg BT 156.08 370.10 Td (be ) Tj ET Q q 0 0 0 rg BT 168.13 370.10 Td (regulated ) Tj ET Q q 0 0 0 rg BT 207.94 370.10 Td (by ) Tj ET Q q 0 0 0 rg BT 220.55 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.37 370.10 Td (MAS. ) Tj ET Q q 0 0 0 rg BT 261.97 370.10 Td (The ) Tj ET Q q 0 0 0 rg BT 280.13 370.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 334.94 370.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 378.64 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.03 370.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 421.07 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.01 370.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 461.27 370.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 495.54 370.10 Td (services ) Tj ET Q q 0 0 0 rg BT 530.36 370.10 Td (licenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (include ) Tj ET Q q 0 0 0 rg BT 81.93 358.10 Td (net ) Tj ET Q q 0 0 0 rg BT 96.65 358.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 128.30 358.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 181.35 358.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 208.84 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.78 358.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 267.16 358.10 Td (requirements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (General) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 316.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 81.36 316.10 Td (business ) Tj ET Q q 0 0 0 rg BT 117.56 316.10 Td (may ) Tj ET Q q 0 0 0 rg BT 137.08 316.10 Td (also ) Tj ET Q q 0 0 0 rg BT 155.49 316.10 Td (be ) Tj ET Q q 0 0 0 rg BT 167.24 316.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 197.87 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.95 316.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 250.80 316.10 Td (by ) Tj ET Q q 0 0 0 rg BT 263.11 316.10 Td (other ) Tj ET Q q 0 0 0 rg BT 285.96 316.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 343.25 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.99 316.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 403.39 316.10 Td (bodies ) Tj ET Q q 0 0 0 rg BT 431.81 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.55 316.10 Td (self-regulatory ) Tj ET Q q 0 0 0 rg BT 509.72 316.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 554.24 316.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (other ) Tj ET Q q 0 0 0 rg BT 73.05 304.10 Td (countries ) Tj ET Q q 0 0 0 rg BT 112.20 304.10 Td (where ) Tj ET Q q 0 0 0 rg BT 139.13 304.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 179.39 304.10 Td (operates ) Tj ET Q q 0 0 0 rg BT 215.21 304.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.04 304.10 Td (conducts ) Tj ET Q q 0 0 0 rg BT 264.09 304.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 283.10 Td (Federal ) Tj ET Q q 0 0 0 rg BT 96.13 283.10 Td (anti-money-laundering ) Tj ET Q q 0 0 0 rg BT 190.41 283.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 211.38 283.10 Td (make ) Tj ET Q q 0 0 0 rg BT 235.68 283.10 Td (it ) Tj ET Q q 0 0 0 rg BT 243.88 283.10 Td (a ) Tj ET Q q 0 0 0 rg BT 250.96 283.10 Td (criminal ) Tj ET Q q 0 0 0 rg BT 286.92 283.10 Td (of) Tj ET Q q 0 0 0 rg BT 295.07 283.10 Td (fense ) Tj ET Q q 0 0 0 rg BT 318.81 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.24 283.10 Td (own ) Tj ET Q q 0 0 0 rg BT 349.10 283.10 Td (or ) Tj ET Q q 0 0 0 rg BT 360.07 283.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 392.14 283.10 Td (a ) Tj ET Q q 0 0 0 rg BT 399.22 283.10 Td (money ) Tj ET Q q 0 0 0 rg BT 429.08 283.10 Td (transmitting ) Tj ET Q q 0 0 0 rg BT 480.06 283.10 Td (business ) Tj ET Q q 0 0 0 rg BT 516.59 283.10 Td (without ) Tj ET Q q 0 0 0 rg BT 549.79 283.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 100.23 271.10 Td (state ) Tj ET Q q 0 0 0 rg BT 123.25 271.10 Td (licenses, ) Tj ET Q q 0 0 0 rg BT 162.11 271.10 Td (which ) Tj ET Q q 0 0 0 rg BT 191.24 271.10 Td (we ) Tj ET Q q 0 0 0 rg BT 207.60 271.10 Td (maintain, ) Tj ET Q q 0 0 0 rg BT 249.79 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.92 271.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 319.16 271.10 Td (with ) Tj ET Q q 0 0 0 rg BT 341.64 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.55 271.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 381.04 271.10 Td (Department ) Tj ET Q q 0 0 0 rg BT 432.94 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.62 271.10 Td (T) Tj ET Q q 0 0 0 rg BT 451.38 271.10 Td (reasury's ) Tj ET Q q 0 0 0 rg BT 491.20 271.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 533.11 271.10 Td (Crimes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (Enforcement ) Tj ET Q q 0 0 0 rg BT 103.35 259.10 Td (Network ) Tj ET Q q 0 0 0 rg BT 140.04 259.10 Td (\(FinCEN\). ) Tj ET Q q 0 0 0 rg BT 184.25 259.10 Td (In ) Tj ET Q q 0 0 0 rg BT 194.28 259.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 231.26 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.18 259.10 Td (USA) Tj ET Q q 0 0 0 rg BT 264.64 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.34 259.10 Td (P) Tj ET Q q 0 0 0 rg BT 270.99 259.10 Td (A) Tj ET Q q 0 0 0 rg BT 277.10 259.10 Td (TRIOT) Tj ET Q q 0 0 0 rg BT 306.36 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 307.69 259.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 323.83 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.87 259.10 Td (2001 ) Tj ET Q q 0 0 0 rg BT 355.57 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.72 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.52 259.10 Td (T) Tj ET Q q 0 0 0 rg BT 391.27 259.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 422.41 259.10 Td (Department's ) Tj ET Q q 0 0 0 rg BT 477.01 259.10 Td (implementing ) Tj ET Q q 0 0 0 rg BT 534.26 259.10 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 96.93 247.10 Td (require ) Tj ET Q q 0 0 0 rg BT 127.75 247.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 141.64 247.10 Td (as ) Tj ET Q q 0 0 0 rg BT 152.47 247.10 Td (a ) Tj ET Q q 0 0 0 rg BT 159.41 247.10 Td ("financial ) Tj ET Q q 0 0 0 rg BT 200.97 247.10 Td (institution," ) Tj ET Q q 0 0 0 rg BT 250.62 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.89 247.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 298.39 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.33 247.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 352.82 247.10 Td (an ) Tj ET Q q 0 0 0 rg BT 364.76 247.10 Td (anti-money-laundering ) Tj ET Q q 0 0 0 rg BT 458.89 247.10 Td (program.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 226.10 Td (In ) Tj ET Q q 0 0 0 rg BT 72.86 226.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 118.26 226.10 Td (with ) Tj ET Q q 0 0 0 rg BT 137.56 226.10 Td (its ) Tj ET Q q 0 0 0 rg BT 148.54 226.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 207.83 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.80 226.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 275.30 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.16 226.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 325.55 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.52 226.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 363.03 226.10 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 401.78 226.10 Td (based ) Tj ET Q q 0 0 0 rg BT 426.07 226.10 Td (on ) Tj ET Q q 0 0 0 rg BT 437.60 226.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 456.91 226.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 487.32 226.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 513.84 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.80 226.10 Td (national ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (security ) Tj ET Q q 0 0 0 rg BT 83.42 214.10 Td (goals, ) Tj ET Q q 0 0 0 rg BT 108.80 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.66 214.10 Td (T) Tj ET Q q 0 0 0 rg BT 128.41 214.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 159.61 214.10 Td (Department's ) Tj ET Q q 0 0 0 rg BT 214.27 214.10 Td (Of) Tj ET Q q 0 0 0 rg BT 224.64 214.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 241.40 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.49 214.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 283.98 214.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 311.86 214.10 Td (Control, ) Tj ET Q q 0 0 0 rg BT 346.68 214.10 Td (or ) Tj ET Q q 0 0 0 rg BT 356.78 214.10 Td (OF) Tj ET Q q 0 0 0 rg BT 368.82 214.10 Td (AC, ) Tj ET Q q 0 0 0 rg BT 386.98 214.10 Td (publishes ) Tj ET Q q 0 0 0 rg BT 426.53 214.10 Td (a ) Tj ET Q q 0 0 0 rg BT 432.73 214.10 Td (list ) Tj ET Q q 0 0 0 rg BT 446.73 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.83 214.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 503.04 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.24 214.10 Td (companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 79.99 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 91.65 202.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 135.52 202.10 Td (by) Tj ET Q q 0 0 0 rg BT 144.87 202.10 Td (, ) Tj ET Q q 0 0 0 rg BT 150.70 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 162.36 202.10 Td (acting ) Tj ET Q q 0 0 0 rg BT 190.12 202.10 Td (for ) Tj ET Q q 0 0 0 rg BT 205.11 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 216.77 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 230.10 202.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 258.41 202.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 272.57 202.10 Td (tar) Tj ET Q q 0 0 0 rg BT 282.94 202.10 Td (geted ) Tj ET Q q 0 0 0 rg BT 307.92 202.10 Td (countries. ) Tj ET Q q 0 0 0 rg BT 350.41 202.10 Td (It ) Tj ET Q q 0 0 0 rg BT 359.84 202.10 Td (also ) Tj ET Q q 0 0 0 rg BT 379.28 202.10 Td (lists ) Tj ET Q q 0 0 0 rg BT 398.73 202.10 Td (individuals, ) Tj ET Q q 0 0 0 rg BT 449.00 202.10 Td (groups ) Tj ET Q q 0 0 0 rg BT 479.55 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.32 202.10 Td (entities, ) Tj ET Q q 0 0 0 rg BT 532.03 202.10 Td (such ) Tj ET Q q 0 0 0 rg BT 553.69 202.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (terrorists ) Tj ET Q q 0 0 0 rg BT 88.68 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.25 190.10 Td (narcotics ) Tj ET Q q 0 0 0 rg BT 145.47 190.10 Td (traf) Tj ET Q q 0 0 0 rg BT 159.17 190.10 Td (fickers, ) Tj ET Q q 0 0 0 rg BT 192.01 190.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 237.90 190.10 Td (under ) Tj ET Q q 0 0 0 rg BT 263.80 190.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 304.70 190.10 Td (that ) Tj ET Q q 0 0 0 rg BT 322.83 190.10 Td (are ) Tj ET Q q 0 0 0 rg BT 338.17 190.10 Td (not ) Tj ET Q q 0 0 0 rg BT 354.08 190.10 Td (country-specific. ) Tj ET Q q 0 0 0 rg BT 424.68 190.10 Td (Collectively) Tj ET Q q 0 0 0 rg BT 472.91 190.10 Td (, ) Tj ET Q q 0 0 0 rg BT 478.54 190.10 Td (such ) Tj ET Q q 0 0 0 rg BT 500.00 190.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 547.57 190.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 95.50 178.10 Td (are ) Tj ET Q q 0 0 0 rg BT 110.45 178.10 Td (called ) Tj ET Q q 0 0 0 rg BT 137.06 178.10 Td ("Specially ) Tj ET Q q 0 0 0 rg BT 181.09 178.10 Td (Designated ) Tj ET Q q 0 0 0 rg BT 228.81 178.10 Td (Nationals," ) Tj ET Q q 0 0 0 rg BT 276.46 178.10 Td (or ) Tj ET Q q 0 0 0 rg BT 287.53 178.10 Td (SDNs. ) Tj ET Q q 0 0 0 rg BT 316.06 178.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 344.91 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.98 178.10 Td (SDNs ) Tj ET Q q 0 0 0 rg BT 382.61 178.10 Td (are ) Tj ET Q q 0 0 0 rg BT 397.56 178.10 Td (blocked, ) Tj ET Q q 0 0 0 rg BT 434.45 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.63 178.10 Td (we ) Tj ET Q q 0 0 0 rg BT 466.03 178.10 Td (are ) Tj ET Q q 0 0 0 rg BT 480.97 178.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 520.91 178.10 Td (prohibited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (from ) Tj ET Q q 0 0 0 rg BT 72.02 166.10 Td (dealing ) Tj ET Q q 0 0 0 rg BT 104.03 166.10 Td (with ) Tj ET Q q 0 0 0 rg BT 124.38 166.10 Td (them. ) Tj ET Q q 0 0 0 rg BT 149.45 166.10 Td (In ) Tj ET Q q 0 0 0 rg BT 160.36 166.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 198.21 166.10 Td (OF) Tj ET Q q 0 0 0 rg BT 210.25 166.10 Td (AC ) Tj ET Q q 0 0 0 rg BT 226.72 166.10 Td (administers ) Tj ET Q q 0 0 0 rg BT 275.40 166.10 Td (a ) Tj ET Q q 0 0 0 rg BT 282.42 166.10 Td (number ) Tj ET Q q 0 0 0 rg BT 315.54 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.45 166.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 389.56 166.10 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 429.35 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.37 166.10 Td (embar) Tj ET Q q 0 0 0 rg BT 471.17 166.10 Td (goes ) Tj ET Q q 0 0 0 rg BT 492.08 166.10 Td (that ) Tj ET Q q 0 0 0 rg BT 509.65 166.10 Td (tar) Tj ET Q q 0 0 0 rg BT 520.02 166.10 Td (get ) Tj ET Q q 0 0 0 rg BT 534.81 166.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (countries, ) Tj ET Q q 0 0 0 rg BT 90.76 154.10 Td (governments ) Tj ET Q q 0 0 0 rg BT 144.02 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.07 154.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 206.10 154.10 Td (regions. ) Tj ET Q q 0 0 0 rg BT 239.64 154.10 Td (Similar ) Tj ET Q q 0 0 0 rg BT 270.69 154.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 316.73 154.10 Td (have ) Tj ET Q q 0 0 0 rg BT 337.22 154.10 Td (been ) Tj ET Q q 0 0 0 rg BT 357.70 154.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 384.31 154.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.69 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.51 154.10 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 428.56 154.10 Td (by ) Tj ET Q q 0 0 0 rg BT 440.17 154.10 Td (HM ) Tj ET Q q 0 0 0 rg BT 457.77 154.10 Td (T) Tj ET Q q 0 0 0 rg BT 463.53 154.10 Td (reasury) Tj ET Q q 0 0 0 rg BT 492.31 154.10 Td (. ) Tj ET Q q 0 0 0 rg BT 496.30 154.10 Td (W) Tj ET Q q 0 0 0 rg BT 504.94 154.10 Td (e ) Tj ET Q q 0 0 0 rg BT 510.98 154.10 Td (are ) Tj ET Q q 0 0 0 rg BT 524.80 154.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 94.59 142.10 Td (from ) Tj ET Q q 0 0 0 rg BT 117.52 142.10 Td (engaging ) Tj ET Q q 0 0 0 rg BT 157.66 142.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.93 142.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 220.18 142.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 262.01 142.10 Td (any ) Tj ET Q q 0 0 0 rg BT 279.93 142.10 Td (country) Tj ET Q q 0 0 0 rg BT 309.83 142.10 Td (, ) Tj ET Q q 0 0 0 rg BT 315.82 142.10 Td (region ) Tj ET Q q 0 0 0 rg BT 344.86 142.10 Td (or ) Tj ET Q q 0 0 0 rg BT 356.67 142.10 Td (government ) Tj ET Q q 0 0 0 rg BT 407.93 142.10 Td (that ) Tj ET Q q 0 0 0 rg BT 426.41 142.10 Td (is ) Tj ET Q q 0 0 0 rg BT 436.57 142.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 468.38 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 479.65 142.10 Td (such ) Tj ET Q q 0 0 0 rg BT 501.47 142.10 Td (comprehensive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (sanctions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 109.10 Td (W) Tj ET Q q 0 0 0 rg BT 72.14 109.10 Td (e ) Tj ET Q q 0 0 0 rg BT 78.93 109.10 Td (also ) Tj ET Q q 0 0 0 rg BT 97.39 109.10 Td (are ) Tj ET Q q 0 0 0 rg BT 111.95 109.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 142.63 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.76 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.33 109.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 200.79 109.10 Td (Corrupt ) Tj ET Q q 0 0 0 rg BT 234.25 109.10 Td (Practices ) Tj ET Q q 0 0 0 rg BT 272.18 109.10 Td (Act, ) Tj ET Q q 0 0 0 rg BT 291.47 109.10 Td (which ) Tj ET Q q 0 0 0 rg BT 318.26 109.10 Td (prohibits ) Tj ET Q q 0 0 0 rg BT 356.17 109.10 Td (of) Tj ET Q q 0 0 0 rg BT 364.32 109.10 Td (fering, ) Tj ET Q q 0 0 0 rg BT 393.05 109.10 Td (promising, ) Tj ET Q q 0 0 0 rg BT 438.46 109.10 Td (giving, ) Tj ET Q q 0 0 0 rg BT 468.86 109.10 Td (or ) Tj ET Q q 0 0 0 rg BT 479.55 109.10 Td (authorizing ) Tj ET Q q 0 0 0 rg BT 527.44 109.10 Td (others ) Tj ET Q q 0 0 0 rg BT 554.23 109.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (give ) Tj ET Q q 0 0 0 rg BT 70.66 97.10 Td (anything ) Tj ET Q q 0 0 0 rg BT 109.10 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.87 97.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 148.47 97.10 Td (either ) Tj ET Q q 0 0 0 rg BT 174.67 97.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 208.66 97.10 Td (or ) Tj ET Q q 0 0 0 rg BT 220.43 97.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 258.10 97.10 Td (, ) Tj ET Q q 0 0 0 rg BT 264.04 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.26 97.10 Td (a ) Tj ET Q q 0 0 0 rg BT 283.14 97.10 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 322.70 97.10 Td (government ) Tj ET Q q 0 0 0 rg BT 373.91 97.10 Td (of) Tj ET Q q 0 0 0 rg BT 382.06 97.10 Td (ficial ) Tj ET Q q 0 0 0 rg BT 406.04 97.10 Td (in ) Tj ET Q q 0 0 0 rg BT 417.26 97.10 Td (order ) Tj ET Q q 0 0 0 rg BT 441.80 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.02 97.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 493.67 97.10 Td (of) Tj ET Q q 0 0 0 rg BT 501.82 97.10 Td (ficial ) Tj ET Q q 0 0 0 rg BT 525.80 97.10 Td (action ) Tj ET Q q 0 0 0 rg BT 553.68 97.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 90.89 85.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 110.13 85.10 Td (an ) Tj ET Q q 0 0 0 rg BT 121.58 85.10 Td (unfair ) Tj ET Q q 0 0 0 rg BT 147.48 85.10 Td (business ) Tj ET Q q 0 0 0 rg BT 183.38 85.10 Td (advantage, ) Tj ET Q q 0 0 0 rg BT 228.43 85.10 Td (such ) Tj ET Q q 0 0 0 rg BT 248.78 85.10 Td (as ) Tj ET Q q 0 0 0 rg BT 259.13 85.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.92 85.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 295.93 85.10 Td (or ) Tj ET Q q 0 0 0 rg BT 306.28 85.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 331.06 85.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 369.47 85.10 Td ( ) Tj ET Q q 0 0 0 rg BT 371.34 85.10 Td (W) Tj ET Q q 0 0 0 rg BT 379.98 85.10 Td (e ) Tj ET Q q 0 0 0 rg BT 386.43 85.10 Td (are ) Tj ET Q q 0 0 0 rg BT 400.66 85.10 Td (also ) Tj ET Q q 0 0 0 rg BT 418.78 85.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 449.12 85.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.92 85.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 502.02 85.10 Td (anti-corruption ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 70.64 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 80.72 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.25 73.10 Td (United ) Tj ET Q q 0 0 0 rg BT 124.77 73.10 Td (States ) Tj ET Q q 0 0 0 rg BT 150.96 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.71 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 177.80 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.32 73.10 Td (other ) Tj ET Q q 0 0 0 rg BT 215.17 73.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 266.92 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.01 73.10 Td (which ) Tj ET Q q 0 0 0 rg BT 303.75 73.10 Td (we ) Tj ET Q q 0 0 0 rg BT 317.72 73.10 Td (operate, ) Tj ET Q q 0 0 0 rg BT 351.95 73.10 Td (such ) Tj ET Q q 0 0 0 rg BT 372.59 73.10 Td (as ) Tj ET Q q 0 0 0 rg BT 383.23 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.75 73.10 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 419.50 73.10 Td (Bribery ) Tj ET Q q 0 0 0 rg BT 451.85 73.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 471.09 73.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.23 73.10 Td (W) Tj ET Q q 0 0 0 rg BT 481.87 73.10 Td (e ) Tj ET Q q 0 0 0 rg BT 488.62 73.10 Td (have ) Tj ET Q q 0 0 0 rg BT 509.80 73.10 Td (implemented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 86.10 61.10 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 134.97 61.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.91 61.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 184.95 61.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 219.67 61.10 Td (that ) Tj ET Q q 0 0 0 rg BT 237.16 61.10 Td (are ) Tj ET Q q 0 0 0 rg BT 251.87 61.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 289.92 61.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.20 61.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 332.69 61.10 Td (with ) Tj ET Q q 0 0 0 rg BT 352.97 61.10 Td (such ) Tj ET Q q 0 0 0 rg BT 373.80 61.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 397.13 61.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 421.57 61.10 Td (and ) Tj ET Q q 0 0 0 rg BT 438.51 61.10 Td (regulations.) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 742.10 Td (For ) Tj ET Q q 0 0 0 rg BT 79.89 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 86.83 742.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 131.00 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.83 742.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 159.33 742.10 Td (related ) Tj ET Q q 0 0 0 rg BT 189.03 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.31 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.03 742.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 257.07 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 274.56 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 288.72 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.43 742.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 334.26 742.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 347.04 742.10 Td (see ) Tj ET Q q 0 0 0 rg BT 362.30 742.10 Td ("Item ) Tj ET Q q 0 0 0 rg BT 387.21 742.10 Td (1A. ) Tj ET Q q 0 0 0 rg BT 404.43 742.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 425.27 742.10 Td (Factors" ) Tj ET Q q 0 0 0 rg BT 461.29 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.57 742.10 Td (this ) Tj ET Q q 0 0 0 rg BT 488.52 742.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 517.67 742.10 Td (report.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 721.10 Td (Wher) Tj ET Q q 0 0 0 rg BT 74.26 721.10 Td (e ) Tj ET Q q 0 0 0 rg BT 80.83 721.10 Td (Y) Tj ET Q q 0 0 0 rg BT 86.94 721.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 100.00 721.10 Td (Can ) Tj ET Q q 0 0 0 rg BT 120.28 721.10 Td (Find ) Tj ET Q q 0 0 0 rg BT 142.24 721.10 Td (Additional ) Tj ET Q q 0 0 0 rg BT 190.31 721.10 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 700.10 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 111.33 700.10 Td (Co., ) Tj ET Q q 0 0 0 rg BT 129.28 700.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 145.83 700.10 Td (files ) Tj ET Q q 0 0 0 rg BT 164.33 700.10 Td (current, ) Tj ET Q q 0 0 0 rg BT 196.43 700.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 224.37 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.10 700.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 277.47 700.10 Td (reports, ) Tj ET Q q 0 0 0 rg BT 309.03 700.10 Td (proxy ) Tj ET Q q 0 0 0 rg BT 333.64 700.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 377.14 700.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.86 700.10 Td (other ) Tj ET Q q 0 0 0 rg BT 414.69 700.10 Td (information ) Tj ET Q q 0 0 0 rg BT 463.19 700.10 Td (required ) Tj ET Q q 0 0 0 rg BT 497.79 700.10 Td (by ) Tj ET Q q 0 0 0 rg BT 509.07 700.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.57 700.10 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 91.00 688.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 107.46 688.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.81 688.10 Td (1934, ) Tj ET Q q 0 0 0 rg BT 142.33 688.10 Td (as ) Tj ET Q q 0 0 0 rg BT 152.68 688.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 190.79 688.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 208.36 688.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 253.80 688.10 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 280.52 688.10 Td (with ) Tj ET Q q 0 0 0 rg BT 300.32 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.56 688.10 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 337.12 688.10 Td (Y) Tj ET Q q 0 0 0 rg BT 343.34 688.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 355.36 688.10 Td (may ) Tj ET Q q 0 0 0 rg BT 374.60 688.10 Td (read ) Tj ET Q q 0 0 0 rg BT 393.83 688.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.29 688.10 Td (copy ) Tj ET Q q 0 0 0 rg BT 431.74 688.10 Td (any ) Tj ET Q q 0 0 0 rg BT 448.20 688.10 Td (document ) Tj ET Q q 0 0 0 rg BT 489.66 688.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.90 688.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 544.80 688.10 Td (files ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.73 676.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.47 676.10 Td (SEC) Tj ET Q q 0 0 0 rg BT 95.59 676.10 Td (s ) Tj ET Q q 0 0 0 rg BT 101.99 676.10 Td (public ) Tj ET Q q 0 0 0 rg BT 129.51 676.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 169.21 676.10 Td (room ) Tj ET Q q 0 0 0 rg BT 192.83 676.10 Td (located ) Tj ET Q q 0 0 0 rg BT 224.22 676.10 Td (at ) Tj ET Q q 0 0 0 rg BT 233.96 676.10 Td (100FStreet, ) Tj ET Q q 0 0 0 rg BT 287.86 676.10 Td (N.E., ) Tj ET Q q 0 0 0 rg BT 311.02 676.10 Td (W) Tj ET Q q 0 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (Item 1A.Risk Factors) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 454.10 Td (Our ability to retain our managing directors and other professionals is critical to the success of our business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 433.10 Td (The ) Tj ET Q q 0 0 0 rg BT 81.94 433.10 Td (success ) Tj ET Q q 0 0 0 rg BT 114.83 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.05 433.10 Td (our ) Tj ET Q q 0 0 0 rg BT 142.28 433.10 Td (business ) Tj ET Q q 0 0 0 rg BT 179.07 433.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 214.73 433.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 237.63 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.74 433.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 289.51 433.10 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 335.45 433.10 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 378.62 433.10 Td (integrity) Tj ET Q q 0 0 0 rg BT 411.85 433.10 Td (, ) Tj ET Q q 0 0 0 rg BT 417.25 433.10 Td (business ) Tj ET Q q 0 0 0 rg BT 454.03 433.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 499.13 433.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 547.56 433.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (project ) Tj ET Q q 0 0 0 rg BT 80.12 421.10 Td (execution ) Tj ET Q q 0 0 0 rg BT 121.35 421.10 Td (skills ) Tj ET Q q 0 0 0 rg BT 144.82 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.51 421.10 Td (our ) Tj ET Q q 0 0 0 rg BT 171.19 421.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 212.98 421.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 250.32 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.12 421.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 293.91 421.10 Td (advisors, ) Tj ET Q q 0 0 0 rg BT 332.10 421.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 380.54 421.10 Td (our ) Tj ET Q q 0 0 0 rg BT 396.23 421.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 423.02 421.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 464.81 421.10 Td (directors. ) Tj ET Q q 0 0 0 rg BT 504.66 421.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 522.56 421.10 Td (managing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (directors) Tj ET Q q 0 0 0 rg BT 87.57 409.10 Td ( ) Tj ET Q q 0 0 0 rg BT 91.78 409.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 129.87 409.10 Td (reputations ) Tj ET Q q 0 0 0 rg BT 178.51 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.16 409.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 252.47 409.10 Td (with ) Tj ET Q q 0 0 0 rg BT 274.46 409.10 Td (our ) Tj ET Q q 0 0 0 rg BT 291.99 409.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 322.31 409.10 Td (are ) Tj ET Q q 0 0 0 rg BT 338.72 409.10 Td (a ) Tj ET Q q 0 0 0 rg BT 347.37 409.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 379.34 409.10 Td (element ) Tj ET Q q 0 0 0 rg BT 415.19 409.10 Td (in ) Tj ET Q q 0 0 0 rg BT 427.18 409.10 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 469.16 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.81 409.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 539.79 409.10 Td (client ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (engagements. ) Tj ET Q q 0 0 0 rg BT 108.58 397.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.60 397.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 160.93 397.10 Td (, ) Tj ET Q q 0 0 0 rg BT 167.31 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 183.40 397.10 Td (retention ) Tj ET Q q 0 0 0 rg BT 222.81 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.02 397.10 Td (our ) Tj ET Q q 0 0 0 rg BT 252.22 397.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 295.53 397.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 336.89 397.10 Td (who ) Tj ET Q q 0 0 0 rg BT 357.99 397.10 Td (are ) Tj ET Q q 0 0 0 rg BT 374.07 397.10 Td (not ) Tj ET Q q 0 0 0 rg BT 390.72 397.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 431.81 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.46 397.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 475.10 397.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 518.41 397.10 Td (with ) Tj ET Q q 0 0 0 rg BT 540.06 397.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 555.33 397.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 98.74 385.10 Td (crucial ) Tj ET Q q 0 0 0 rg BT 128.59 385.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.02 385.10 Td (our ) Tj ET Q q 0 0 0 rg BT 155.00 385.10 Td (future ) Tj ET Q q 0 0 0 rg BT 181.52 385.10 Td (success. ) Tj ET Q q 0 0 0 rg BT 216.66 385.10 Td ( ) Tj ET Q q 0 0 0 rg BT 219.31 385.10 Td (Managing ) Tj ET Q q 0 0 0 rg BT 262.50 385.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 300.14 385.10 Td (have ) Tj ET Q q 0 0 0 rg BT 321.67 385.10 Td (left ) Tj ET Q q 0 0 0 rg BT 337.64 385.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 378.05 385.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.48 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.34 385.10 Td (past ) Tj ET Q q 0 0 0 rg BT 422.10 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.19 385.10 Td (others ) Tj ET Q q 0 0 0 rg BT 466.28 385.10 Td (may ) Tj ET Q q 0 0 0 rg BT 486.14 385.10 Td (do ) Tj ET Q q 0 0 0 rg BT 498.79 385.10 Td (so ) Tj ET Q q 0 0 0 rg BT 510.33 385.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.76 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.63 385.10 Td (future, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.18 373.10 Td (we ) Tj ET Q q 0 0 0 rg BT 81.59 373.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 110.99 373.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 141.50 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.46 373.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 186.42 373.10 Td (that ) Tj ET Q q 0 0 0 rg BT 204.16 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.12 373.10 Td (departure ) Tj ET Q q 0 0 0 rg BT 259.62 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.70 373.10 Td (any ) Tj ET Q q 0 0 0 rg BT 287.88 373.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 330.06 373.10 Td (director ) Tj ET Q q 0 0 0 rg BT 363.90 373.10 Td (will ) Tj ET Q q 0 0 0 rg BT 382.20 373.10 Td (have ) Tj ET Q q 0 0 0 rg BT 403.83 373.10 Td (on ) Tj ET Q q 0 0 0 rg BT 416.57 373.10 Td (our ) Tj ET Q q 0 0 0 rg BT 432.65 373.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 471.59 373.10 Td (The ) Tj ET Q q 0 0 0 rg BT 489.88 373.10 Td (departure ) Tj ET Q q 0 0 0 rg BT 530.38 373.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.45 373.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 67.45 361.10 Td (of ) Tj ET Q q 0 0 0 rg BT 77.67 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.55 361.10 Td (Robert ) Tj ET Q q 0 0 0 rg BT 108.66 361.10 Td (F) Tj ET Q q 0 0 0 rg BT 113.42 361.10 Td (. ) Tj ET Q q 0 0 0 rg BT 117.81 361.10 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 159.96 361.10 Td (our ) Tj ET Q q 0 0 0 rg BT 175.17 361.10 Td (founder ) Tj ET Q q 0 0 0 rg BT 208.16 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.48 361.10 Td (Chairman, ) Tj ET Q q 0 0 0 rg BT 268.31 361.10 Td (Scott ) Tj ET Q q 0 0 0 rg BT 290.75 361.10 Td (L. ) Tj ET Q q 0 0 0 rg BT 301.25 361.10 Td (Bok, ) Tj ET Q q 0 0 0 rg BT 322.30 361.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.52 361.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 361.62 361.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 403.49 361.10 Td (Of) Tj ET Q q 0 0 0 rg BT 413.86 361.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 431.78 361.10 Td (, ) Tj ET Q q 0 0 0 rg BT 436.16 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.27 361.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 484.92 361.10 Td (heads ) Tj ET Q q 0 0 0 rg BT 509.58 361.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.79 361.10 Td (businesses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (in ) Tj ET Q q 0 0 0 rg BT 61.15 349.10 Td (North) Tj ET Q q 0 0 0 rg BT 86.43 349.10 Td (America, ) Tj ET Q q 0 0 0 rg BT 126.72 349.10 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 160.72 349.10 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 203.25 349.10 Td (Japan ) Tj ET Q q 0 0 0 rg BT 229.38 349.10 Td (or ) Tj ET Q q 0 0 0 rg BT 241.08 349.10 Td (Brazil, ) Tj ET Q q 0 0 0 rg BT 271.39 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.97 349.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 323.12 349.10 Td (sector ) Tj ET Q q 0 0 0 rg BT 350.36 349.10 Td (heads, ) Tj ET Q q 0 0 0 rg BT 379.00 349.10 Td (or ) Tj ET Q q 0 0 0 rg BT 390.70 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.29 349.10 Td (departure ) Tj ET Q q 0 0 0 rg BT 447.41 349.10 Td (or ) Tj ET Q q 0 0 0 rg BT 459.11 349.10 Td (other ) Tj ET Q q 0 0 0 rg BT 483.03 349.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 501.96 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.66 349.10 Td (other ) Tj ET Q q 0 0 0 rg BT 537.57 349.10 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 92.33 337.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 132.70 337.10 Td (each ) Tj ET Q q 0 0 0 rg BT 153.91 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.13 337.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 193.02 337.10 Td (manages ) Tj ET Q q 0 0 0 rg BT 230.90 337.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 276.57 337.10 Td (client ) Tj ET Q q 0 0 0 rg BT 301.67 337.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 355.67 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.00 337.10 Td (possesses ) Tj ET Q q 0 0 0 rg BT 414.23 337.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 459.89 337.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 506.08 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.41 337.10 Td (expertise, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.62 325.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 117.55 325.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 158.27 325.10 Td (af) Tj ET Q q 0 0 0 rg BT 165.85 325.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 183.24 325.10 Td (our ) Tj ET Q q 0 0 0 rg BT 198.97 325.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 226.92 325.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.10 325.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 265.03 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.87 325.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 333.14 325.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 372.19 325.10 Td (engagements, ) Tj ET Q q 0 0 0 rg BT 429.29 325.10 Td (which ) Tj ET Q q 0 0 0 rg BT 456.13 325.10 Td (could ) Tj ET Q q 0 0 0 rg BT 480.75 325.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 523.68 325.10 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 313.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.07 313.10 Td (our ) Tj ET Q q 0 0 0 rg BT 90.90 313.10 Td (results ) Tj ET Q q 0 0 0 rg BT 119.51 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.34 313.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 292.10 Td (In ) Tj ET Q q 0 0 0 rg BT 74.47 292.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 112.38 292.10 Td (if ) Tj ET Q q 0 0 0 rg BT 121.13 292.10 Td (any ) Tj ET Q q 0 0 0 rg BT 138.20 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.17 292.10 Td (our ) Tj ET Q q 0 0 0 rg BT 165.14 292.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 207.21 292.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 244.83 292.10 Td (were ) Tj ET Q q 0 0 0 rg BT 266.90 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.32 292.10 Td (join ) Tj ET Q q 0 0 0 rg BT 295.51 292.10 Td (an ) Tj ET Q q 0 0 0 rg BT 307.59 292.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 341.89 292.10 Td (competitor ) Tj ET Q q 0 0 0 rg BT 387.85 292.10 Td (or ) Tj ET Q q 0 0 0 rg BT 398.82 292.10 Td (form ) Tj ET Q q 0 0 0 rg BT 420.90 292.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.97 292.10 Td (competing ) Tj ET Q q 0 0 0 rg BT 472.82 292.10 Td (company) Tj ET Q q 0 0 0 rg BT 508.83 292.10 Td (, ) Tj ET Q q 0 0 0 rg BT 513.97 292.10 Td (some ) Tj ET Q q 0 0 0 rg BT 537.71 292.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.68 292.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 79.30 280.10 Td (could ) Tj ET Q q 0 0 0 rg BT 104.72 280.10 Td (choose ) Tj ET Q q 0 0 0 rg BT 135.68 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.66 280.10 Td (use ) Tj ET Q q 0 0 0 rg BT 163.19 280.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.60 280.10 Td (services ) Tj ET Q q 0 0 0 rg BT 214.01 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.54 280.10 Td (that ) Tj ET Q q 0 0 0 rg BT 243.73 280.10 Td (competitor ) Tj ET Q q 0 0 0 rg BT 290.25 280.10 Td (instead ) Tj ET Q q 0 0 0 rg BT 321.77 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.30 280.10 Td (our ) Tj ET Q q 0 0 0 rg BT 349.83 280.10 Td (services ) Tj ET Q q 0 0 0 rg BT 385.23 280.10 Td (or ) Tj ET Q q 0 0 0 rg BT 396.76 280.10 Td (some ) Tj ET Q q 0 0 0 rg BT 421.07 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.60 280.10 Td (our ) Tj ET Q q 0 0 0 rg BT 449.13 280.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 491.76 280.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 529.94 280.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.47 280.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (professionals ) Tj ET Q q 0 0 0 rg BT 105.54 268.10 Td (could ) Tj ET Q q 0 0 0 rg BT 130.53 268.10 Td (choose ) Tj ET Q q 0 0 0 rg BT 161.07 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.62 268.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 200.50 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.49 268.10 Td (departing ) Tj ET Q q 0 0 0 rg BT 256.03 268.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 298.23 268.10 Td (director ) Tj ET Q q 0 0 0 rg BT 332.10 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.65 268.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 373.76 268.10 Td (an ) Tj ET Q q 0 0 0 rg BT 385.97 268.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 420.41 268.10 Td (competitor ) Tj ET Q q 0 0 0 rg BT 466.50 268.10 Td (or ) Tj ET Q q 0 0 0 rg BT 477.60 268.10 Td (forming ) Tj ET Q q 0 0 0 rg BT 512.59 268.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.80 268.10 Td (competing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (company) Tj ET Q q 0 0 0 rg BT 86.01 256.10 Td (. ) Tj ET Q q 0 0 0 rg BT 90.26 256.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 130.30 256.10 Td (we ) Tj ET Q q 0 0 0 rg BT 144.21 256.10 Td (have ) Tj ET Q q 0 0 0 rg BT 165.35 256.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 197.03 256.10 Td (into ) Tj ET Q q 0 0 0 rg BT 214.84 256.10 Td (non-competition ) Tj ET Q q 0 0 0 rg BT 283.19 256.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 330.98 256.10 Td (with ) Tj ET Q q 0 0 0 rg BT 351.02 256.10 Td (each ) Tj ET Q q 0 0 0 rg BT 371.59 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.17 256.10 Td (our ) Tj ET Q q 0 0 0 rg BT 397.76 256.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 439.45 256.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 479.19 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.66 256.10 Td (restriction ) Tj ET Q q 0 0 0 rg BT 536.46 256.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.50 244.10 Td (many ) Tj ET Q q 0 0 0 rg BT 85.43 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.48 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.42 244.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 159.67 244.10 Td (does ) Tj ET Q q 0 0 0 rg BT 180.72 244.10 Td (not ) Tj ET Q q 0 0 0 rg BT 196.21 244.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 226.69 244.10 Td (three ) Tj ET Q q 0 0 0 rg BT 249.39 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.89 244.10 Td (six ) Tj ET Q q 0 0 0 rg BT 274.28 244.10 Td (months, ) Tj ET Q q 0 0 0 rg BT 308.94 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.10 244.10 Td (there ) Tj ET Q q 0 0 0 rg BT 348.80 244.10 Td (is ) Tj ET Q q 0 0 0 rg BT 358.19 244.10 Td (no ) Tj ET Q q 0 0 0 rg BT 370.91 244.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 412.49 244.10 Td (that ) Tj ET Q q 0 0 0 rg BT 430.21 244.10 Td (these ) Tj ET Q q 0 0 0 rg BT 453.47 244.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 501.72 244.10 Td (are ) Tj ET Q q 0 0 0 rg BT 516.65 244.10 Td (suf) Tj ET Q q 0 0 0 rg BT 528.69 244.10 Td (ficiently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (broad ) Tj ET Q q 0 0 0 rg BT 74.60 232.10 Td (or ) Tj ET Q q 0 0 0 rg BT 84.75 232.10 Td (ef) Tj ET Q q 0 0 0 rg BT 92.34 232.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 121.37 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.98 232.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 162.79 232.10 Td (our ) Tj ET Q q 0 0 0 rg BT 177.95 232.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 219.21 232.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 256.02 232.10 Td (from ) Tj ET Q q 0 0 0 rg BT 277.29 232.10 Td (resigning ) Tj ET Q q 0 0 0 rg BT 316.33 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.94 232.10 Td (join ) Tj ET Q q 0 0 0 rg BT 343.32 232.10 Td (our ) Tj ET Q q 0 0 0 rg BT 358.48 232.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 407.52 232.10 Td (or ) Tj ET Q q 0 0 0 rg BT 417.68 232.10 Td (that ) Tj ET Q q 0 0 0 rg BT 434.50 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.55 232.10 Td (non-competition ) Tj ET Q q 0 0 0 rg BT 516.47 232.10 Td (agreements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (would ) Tj ET Q q 0 0 0 rg BT 77.50 220.10 Td (be ) Tj ET Q q 0 0 0 rg BT 89.44 220.10 Td (upheld ) Tj ET Q q 0 0 0 rg BT 119.16 220.10 Td (if ) Tj ET Q q 0 0 0 rg BT 127.76 220.10 Td (we ) Tj ET Q q 0 0 0 rg BT 141.92 220.10 Td (were ) Tj ET Q q 0 0 0 rg BT 163.85 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.13 220.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 194.40 220.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.68 220.10 Td (enforce ) Tj ET Q q 0 0 0 rg BT 237.15 220.10 Td (our ) Tj ET Q q 0 0 0 rg BT 252.98 220.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 278.26 220.10 Td (under ) Tj ET Q q 0 0 0 rg BT 303.53 220.10 Td (these ) Tj ET Q q 0 0 0 rg BT 326.58 220.10 Td (agreements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 199.10 Td (Almost ) Tj ET Q q 0 0 0 rg BT 93.40 199.10 Td (all ) Tj ET Q q 0 0 0 rg BT 106.45 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.28 199.10 Td (our ) Tj ET Q q 0 0 0 rg BT 134.24 199.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 173.40 199.10 Td (are ) Tj ET Q q 0 0 0 rg BT 189.23 199.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 221.71 199.10 Td (from ) Tj ET Q q 0 0 0 rg BT 244.21 199.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 281.15 199.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 302.25 199.10 Td (which ) Tj ET Q q 0 0 0 rg BT 329.76 199.10 Td (results ) Tj ET Q q 0 0 0 rg BT 359.49 199.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.33 199.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 408.38 199.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.22 199.10 Td (our ) Tj ET Q q 0 0 0 rg BT 436.17 199.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 475.33 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.39 199.10 Td (profits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 178.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 178.10 Td (e ) Tj ET Q q 0 0 0 rg BT 78.05 178.10 Td (are ) Tj ET Q q 0 0 0 rg BT 93.23 178.10 Td (entirely ) Tj ET Q q 0 0 0 rg BT 126.75 178.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 160.82 178.10 Td (on ) Tj ET Q q 0 0 0 rg BT 173.80 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.99 178.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 226.95 178.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 264.36 178.10 Td (business ) Tj ET Q q 0 0 0 rg BT 301.23 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.64 178.10 Td (we ) Tj ET Q q 0 0 0 rg BT 333.28 178.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 353.46 178.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 406.98 178.10 Td (all ) Tj ET Q q 0 0 0 rg BT 419.96 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.26 178.10 Td (our ) Tj ET Q q 0 0 0 rg BT 447.57 178.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 486.08 178.10 Td (from ) Tj ET Q q 0 0 0 rg BT 508.49 178.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 545.90 178.10 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 70.06 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 80.69 166.10 Td (us ) Tj ET Q q 0 0 0 rg BT 92.43 166.10 Td (by ) Tj ET Q q 0 0 0 rg BT 105.28 166.10 Td (each ) Tj ET Q q 0 0 0 rg BT 126.44 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.62 166.10 Td (our ) Tj ET Q q 0 0 0 rg BT 153.80 166.10 Td (clients, ) Tj ET Q q 0 0 0 rg BT 185.25 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.88 166.10 Td (lar) Tj ET Q q 0 0 0 rg BT 206.24 166.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 218.53 166.10 Td (part ) Tj ET Q q 0 0 0 rg BT 236.93 166.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 259.77 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.84 166.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 318.79 166.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 366.62 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.80 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.87 166.10 Td (client's ) Tj ET Q q 0 0 0 rg BT 423.62 166.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 472.84 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.91 166.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 516.87 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.04 166.10 Td (which ) Tj ET Q q 0 0 0 rg BT 555.33 166.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 80.88 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.20 154.10 Td (our ) Tj ET Q q 0 0 0 rg BT 106.52 154.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 139.34 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.33 154.10 Td (Unlike ) Tj ET Q q 0 0 0 rg BT 170.54 154.10 Td (diversified ) Tj ET Q q 0 0 0 rg BT 215.30 154.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 261.17 154.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 288.99 154.10 Td (which ) Tj ET Q q 0 0 0 rg BT 315.42 154.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 351.28 154.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 388.81 154.10 Td (from ) Tj ET Q q 0 0 0 rg BT 410.24 154.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 459.43 154.10 Td (lending, ) Tj ET Q q 0 0 0 rg BT 493.92 154.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 533.67 154.10 Td (trading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.03 142.10 Td (underwriting, ) Tj ET Q q 0 0 0 rg BT 123.78 142.10 Td (or ) Tj ET Q q 0 0 0 rg BT 134.71 142.10 Td (other ) Tj ET Q q 0 0 0 rg BT 157.85 142.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 194.88 142.10 Td (firms, ) Tj ET Q q 0 0 0 rg BT 221.08 142.10 Td (which ) Tj ET Q q 0 0 0 rg BT 248.12 142.10 Td (have ) Tj ET Q q 0 0 0 rg BT 269.59 142.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 291.62 142.10 Td (management ) Tj ET Q q 0 0 0 rg BT 345.30 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.34 142.10 Td (other ) Tj ET Q q 0 0 0 rg BT 385.48 142.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 432.79 142.10 Td (our ) Tj ET Q q 0 0 0 rg BT 448.72 142.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 493.51 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.44 142.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 542.57 142.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 81.58 130.10 Td (other ) Tj ET Q q 0 0 0 rg BT 103.71 130.10 Td (than ) Tj ET Q q 0 0 0 rg BT 122.52 130.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 158.55 130.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 176.23 130.10 Td (is ) Tj ET Q q 0 0 0 rg BT 184.49 130.10 Td (minimal. ) Tj ET Q q 0 0 0 rg BT 221.56 130.10 Td (As ) Tj ET Q q 0 0 0 rg BT 234.26 130.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.29 130.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 266.59 130.10 Td (a ) Tj ET Q q 0 0 0 rg BT 272.62 130.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 303.08 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.45 130.10 Td (our ) Tj ET Q q 0 0 0 rg BT 327.37 130.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 363.39 130.10 Td (engagements, ) Tj ET Q q 0 0 0 rg BT 419.68 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.49 130.10 Td (number ) Tj ET Q q 0 0 0 rg BT 465.62 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.65 130.10 Td (scale ) Tj ET Q q 0 0 0 rg BT 503.22 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.14 130.10 Td (successfully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 94.16 118.10 Td (client ) Tj ET Q q 0 0 0 rg BT 118.88 118.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 169.15 118.10 Td (or ) Tj ET Q q 0 0 0 rg BT 179.99 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.72 118.10 Td (market ) Tj ET Q q 0 0 0 rg BT 224.99 118.10 Td (for ) Tj ET Q q 0 0 0 rg BT 239.16 118.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 276.11 118.10 Td (services ) Tj ET Q q 0 0 0 rg BT 310.82 118.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 350.53 118.10 Td (would ) Tj ET Q q 0 0 0 rg BT 378.04 118.10 Td (have ) Tj ET Q q 0 0 0 rg BT 399.43 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.37 118.10 Td (material ) Tj ET Q q 0 0 0 rg BT 441.64 118.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 474.69 118.10 Td (ef) Tj ET Q q 0 0 0 rg BT 482.28 118.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 499.77 118.10 Td (on ) Tj ET Q q 0 0 0 rg BT 512.28 118.10 Td (our ) Tj ET Q q 0 0 0 rg BT 528.12 118.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 106.10 Td (results ) Tj ET Q q 0 0 0 rg BT 95.55 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.38 106.10 Td (operations. ) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 31.60 Td (9) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 742.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 81.01 742.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 137.23 742.25 Td (are ) Tj ET Q q 0 0 0 rg BT 152.89 742.25 Td (singular ) Tj ET Q q 0 0 0 rg BT 189.69 742.25 Td (in ) Tj ET Q q 0 0 0 rg BT 200.36 742.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 229.93 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.83 742.25 Td (do ) Tj ET Q q 0 0 0 rg BT 260.16 742.25 Td (not ) Tj ET Q q 0 0 0 rg BT 275.83 742.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 308.71 742.25 Td (for ) Tj ET Q q 0 0 0 rg BT 323.27 742.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 371.73 742.25 Td (engagements, ) Tj ET Q q 0 0 0 rg BT 430.45 742.25 Td (which ) Tj ET Q q 0 0 0 rg BT 457.79 742.25 Td (could ) Tj ET Q q 0 0 0 rg BT 482.90 742.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 508.57 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 525.35 742.25 Td (revenues ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 730.25 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 99.44 730.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 143.60 730.25 Td (from ) Tj ET Q q 0 0 0 rg BT 166.10 730.25 Td (period ) Tj ET Q q 0 0 0 rg BT 194.71 730.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.99 730.25 Td (period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 709.25 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 709.25 Td (e ) Tj ET Q q 0 0 0 rg BT 79.66 709.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 113.67 709.25 Td (in ) Tj ET Q q 0 0 0 rg BT 126.03 709.25 Td (a ) Tj ET Q q 0 0 0 rg BT 135.05 709.25 Td (highly-competitive ) Tj ET Q q 0 0 0 rg BT 215.72 709.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 270.85 709.25 Td (where ) Tj ET Q q 0 0 0 rg BT 299.86 709.25 Td (our ) Tj ET Q q 0 0 0 rg BT 317.77 709.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 348.46 709.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 390.24 709.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 417.59 709.25 Td (us ) Tj ET Q q 0 0 0 rg BT 431.06 709.25 Td (on ) Tj ET Q q 0 0 0 rg BT 445.65 709.25 Td (a ) Tj ET Q q 0 0 0 rg BT 454.67 709.25 Td (non-exclusive, ) Tj ET Q q 0 0 0 rg BT 517.84 709.25 Td (short-term, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (engagement-by-engagement ) Tj ET Q q 0 0 0 rg BT 167.06 697.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 190.84 697.25 Td (in ) Tj ET Q q 0 0 0 rg BT 202.39 697.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 250.04 697.25 Td (with ) Tj ET Q q 0 0 0 rg BT 271.60 697.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 306.47 697.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 358.02 697.25 Td (or ) Tj ET Q q 0 0 0 rg BT 370.12 697.25 Td (projects, ) Tj ET Q q 0 0 0 rg BT 408.06 697.25 Td (rather ) Tj ET Q q 0 0 0 rg BT 435.15 697.25 Td (than ) Tj ET Q q 0 0 0 rg BT 456.15 697.25 Td (under ) Tj ET Q q 0 0 0 rg BT 482.69 697.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 525.91 697.25 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (covering ) Tj ET Q q 0 0 0 rg BT 88.67 685.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 127.35 685.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 171.03 685.25 Td (future ) Tj ET Q q 0 0 0 rg BT 198.59 685.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 236.18 685.25 Td (As ) Tj ET Q q 0 0 0 rg BT 250.98 685.25 Td (these ) Tj ET Q q 0 0 0 rg BT 275.21 685.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 326.66 685.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.79 685.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 380.13 685.25 Td (are ) Tj ET Q q 0 0 0 rg BT 396.03 685.25 Td (singular ) Tj ET Q q 0 0 0 rg BT 431.93 685.25 Td (in ) Tj ET Q q 0 0 0 rg BT 443.40 685.25 Td (nature ) Tj ET Q q 0 0 0 rg BT 472.07 685.25 Td (and ) Tj ET Q q 0 0 0 rg BT 490.20 685.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 522.21 685.25 Td (to ) Tj ET Q q 0 0 0 rg BT 533.68 685.25 Td (intense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (competition, ) Tj ET Q q 0 0 0 rg BT 102.42 673.25 Td (we ) Tj ET Q q 0 0 0 rg BT 116.23 673.25 Td (must ) Tj ET Q q 0 0 0 rg BT 137.83 673.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 157.75 673.25 Td (out ) Tj ET Q q 0 0 0 rg BT 172.67 673.25 Td (new ) Tj ET Q q 0 0 0 rg BT 191.48 673.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 245.84 673.25 Td (when ) Tj ET Q q 0 0 0 rg BT 269.65 673.25 Td (our ) Tj ET Q q 0 0 0 rg BT 285.13 673.25 Td (current ) Tj ET Q q 0 0 0 rg BT 315.59 673.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 369.94 673.25 Td (are ) Tj ET Q q 0 0 0 rg BT 384.30 673.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 435.33 673.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 479.13 673.25 Td (or ) Tj ET Q q 0 0 0 rg BT 489.61 673.25 Td (are ) Tj ET Q q 0 0 0 rg BT 503.96 673.25 Td (terminated. ) Tj ET Q q 0 0 0 rg BT 550.90 673.25 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.59 661.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 83.46 661.25 Td (high ) Tj ET Q q 0 0 0 rg BT 103.38 661.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 135.52 661.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 161.00 661.25 Td (in ) Tj ET Q q 0 0 0 rg BT 170.93 661.25 Td (any ) Tj ET Q q 0 0 0 rg BT 187.52 661.25 Td (period ) Tj ET Q q 0 0 0 rg BT 215.21 661.25 Td (are ) Tj ET Q q 0 0 0 rg BT 229.57 661.25 Td (not ) Tj ET Q q 0 0 0 rg BT 244.50 661.25 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 291.07 661.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 332.65 661.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.13 661.25 Td (continued ) Tj ET Q q 0 0 0 rg BT 384.71 661.25 Td (high ) Tj ET Q q 0 0 0 rg BT 404.64 661.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 430.12 661.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.60 661.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 472.74 661.25 Td (in ) Tj ET Q q 0 0 0 rg BT 482.66 661.25 Td (the ) Tj ET Q q 0 0 0 rg BT 497.03 661.25 Td (next-succeeding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (period ) Tj ET Q q 0 0 0 rg BT 77.72 649.25 Td (or ) Tj ET Q q 0 0 0 rg BT 88.23 649.25 Td (any ) Tj ET Q q 0 0 0 rg BT 104.85 649.25 Td (other ) Tj ET Q q 0 0 0 rg BT 127.57 649.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 157.80 649.25 Td ( ) Tj ET Q q 0 0 0 rg BT 159.98 649.25 Td (In ) Tj ET Q q 0 0 0 rg BT 170.48 649.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 207.93 649.25 Td (we ) Tj ET Q q 0 0 0 rg BT 221.77 649.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 261.15 649.25 Td (derive ) Tj ET Q q 0 0 0 rg BT 288.32 649.25 Td (most ) Tj ET Q q 0 0 0 rg BT 309.94 649.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.45 649.25 Td (our ) Tj ET Q q 0 0 0 rg BT 335.96 649.25 Td (engagement ) Tj ET Q q 0 0 0 rg BT 386.45 649.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 424.16 649.25 Td (at ) Tj ET Q q 0 0 0 rg BT 433.55 649.25 Td (key ) Tj ET Q q 0 0 0 rg BT 450.17 649.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 496.22 649.25 Td (milestones, ) Tj ET Q q 0 0 0 rg BT 543.67 649.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (as ) Tj ET Q q 0 0 0 rg BT 61.19 637.25 Td (announcement ) Tj ET Q q 0 0 0 rg BT 122.36 637.25 Td (or ) Tj ET Q q 0 0 0 rg BT 133.55 637.25 Td (closing, ) Tj ET Q q 0 0 0 rg BT 167.80 637.25 Td (and ) Tj ET Q q 0 0 0 rg BT 185.10 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.17 637.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 229.15 637.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.34 637.25 Td (these ) Tj ET Q q 0 0 0 rg BT 263.75 637.25 Td (milestones ) Tj ET Q q 0 0 0 rg BT 309.38 637.25 Td (is ) Tj ET Q q 0 0 0 rg BT 318.91 637.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 350.66 637.25 Td (our ) Tj ET Q q 0 0 0 rg BT 366.85 637.25 Td (control. ) Tj ET Q q 0 0 0 rg BT 400.53 637.25 Td (Extended ) Tj ET Q q 0 0 0 rg BT 441.16 637.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 485.11 637.25 Td (and ) Tj ET Q q 0 0 0 rg BT 502.41 637.25 Td (other ) Tj ET Q q 0 0 0 rg BT 525.82 637.25 Td (delays ) Tj ET Q q 0 0 0 rg BT 554.22 637.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.15 625.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 94.98 625.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.25 625.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 150.50 625.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 200.20 625.25 Td (can ) Tj ET Q q 0 0 0 rg BT 216.01 625.25 Td (create ) Tj ET Q q 0 0 0 rg BT 241.81 625.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 281.51 625.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 319.55 625.25 Td (in ) Tj ET Q q 0 0 0 rg BT 329.27 625.25 Td (our ) Tj ET Q q 0 0 0 rg BT 344.54 625.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 382.01 625.25 Td (from ) Tj ET Q q 0 0 0 rg BT 403.39 625.25 Td (period ) Tj ET Q q 0 0 0 rg BT 430.87 625.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.59 625.25 Td (period ) Tj ET Q q 0 0 0 rg BT 468.07 625.25 Td (since ) Tj ET Q q 0 0 0 rg BT 490.55 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.71 625.25 Td (lar) Tj ET Q q 0 0 0 rg BT 515.08 625.25 Td (gest ) Tj ET Q q 0 0 0 rg BT 533.12 625.25 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.99 613.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.97 613.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 95.73 613.25 Td (is ) Tj ET Q q 0 0 0 rg BT 105.05 613.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 124.93 613.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 147.58 613.25 Td (closing. ) Tj ET Q q 0 0 0 rg BT 181.63 613.25 Td (In ) Tj ET Q q 0 0 0 rg BT 192.61 613.25 Td (cases ) Tj ET Q q 0 0 0 rg BT 216.37 613.25 Td (where ) Tj ET Q q 0 0 0 rg BT 243.45 613.25 Td (an ) Tj ET Q q 0 0 0 rg BT 255.55 613.25 Td (engagement ) Tj ET Q q 0 0 0 rg BT 306.51 613.25 Td (is ) Tj ET Q q 0 0 0 rg BT 315.84 613.25 Td (terminated ) Tj ET Q q 0 0 0 rg BT 361.25 613.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 383.35 613.25 Td (to ) Tj ET Q q 0 0 0 rg BT 393.78 613.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.66 613.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 452.41 613.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 500.06 613.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.04 613.25 Td (a ) Tj ET Q q 0 0 0 rg BT 518.14 613.25 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.04 601.25 Td (project, ) Tj ET Q q 0 0 0 rg BT 94.01 601.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 128.92 601.25 Td (due ) Tj ET Q q 0 0 0 rg BT 146.07 601.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.55 601.25 Td (market ) Tj ET Q q 0 0 0 rg BT 187.02 601.25 Td (reasons ) Tj ET Q q 0 0 0 rg BT 219.72 601.25 Td (or ) Tj ET Q q 0 0 0 rg BT 230.75 601.25 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 274.84 601.25 Td (we ) Tj ET Q q 0 0 0 rg BT 289.20 601.25 Td (may ) Tj ET Q q 0 0 0 rg BT 309.13 601.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 329.04 601.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 360.08 601.25 Td (or ) Tj ET Q q 0 0 0 rg BT 371.11 601.25 Td (no ) Tj ET Q q 0 0 0 rg BT 383.82 601.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 402.63 601.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.77 601.25 Td (may ) Tj ET Q q 0 0 0 rg BT 439.69 601.25 Td (not ) Tj ET Q q 0 0 0 rg BT 455.18 601.25 Td (be ) Tj ET Q q 0 0 0 rg BT 467.32 601.25 Td (able ) Tj ET Q q 0 0 0 rg BT 486.69 601.25 Td (to ) Tj ET Q q 0 0 0 rg BT 497.17 601.25 Td (recoup ) Tj ET Q q 0 0 0 rg BT 527.08 601.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.01 601.25 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.25 Td (we ) Tj ET Q q 0 0 0 rg BT 64.16 589.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 99.98 589.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 121.91 589.25 Td (to ) Tj ET Q q 0 0 0 rg BT 132.19 589.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.91 589.25 Td (termination. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 568.25 Td (A) Tj ET Q q 0 0 0 rg BT 68.12 568.25 Td ( ) Tj ET Q q 0 0 0 rg BT 69.81 568.25 Td (high ) Tj ET Q q 0 0 0 rg BT 90.41 568.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 137.08 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.11 568.25 Td (our ) Tj ET Q q 0 0 0 rg BT 163.25 568.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 199.39 568.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 237.74 568.25 Td (is ) Tj ET Q q 0 0 0 rg BT 246.10 568.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 277.78 568.25 Td (from ) Tj ET Q q 0 0 0 rg BT 299.48 568.25 Td (a ) Tj ET Q q 0 0 0 rg BT 306.17 568.25 Td (small ) Tj ET Q q 0 0 0 rg BT 330.09 568.25 Td (number ) Tj ET Q q 0 0 0 rg BT 364.01 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.04 568.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 402.40 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.65 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.12 568.25 Td (termination ) Tj ET Q q 0 0 0 rg BT 484.16 568.25 Td (of ) Tj ET Q q 0 0 0 rg BT 494.18 568.25 Td (any ) Tj ET Q q 0 0 0 rg BT 510.88 568.25 Td (one ) Tj ET Q q 0 0 0 rg BT 527.57 568.25 Td (advisory ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (engagement ) Tj ET Q q 0 0 0 rg BT 102.50 556.25 Td (could ) Tj ET Q q 0 0 0 rg BT 127.77 556.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 158.04 556.25 Td (our ) Tj ET Q q 0 0 0 rg BT 175.00 556.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 214.16 556.25 Td (and ) Tj ET Q q 0 0 0 rg BT 232.22 556.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 256.95 556.25 Td (our ) Tj ET Q q 0 0 0 rg BT 273.90 556.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 315.85 556.25 Td (results) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 535.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 84.61 535.25 Td (year) Tj ET Q q 0 0 0 rg BT 101.41 535.25 Td (, ) Tj ET Q q 0 0 0 rg BT 106.53 535.25 Td (we ) Tj ET Q q 0 0 0 rg BT 120.82 535.25 Td (advise ) Tj ET Q q 0 0 0 rg BT 148.98 535.25 Td (a ) Tj ET Q q 0 0 0 rg BT 156.04 535.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 186.99 535.25 Td (number ) Tj ET Q q 0 0 0 rg BT 220.16 535.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.11 535.25 Td (clients. ) Tj ET Q q 0 0 0 rg BT 262.34 535.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 280.51 535.25 Td (top ) Tj ET Q q 0 0 0 rg BT 295.91 535.25 Td (ten ) Tj ET Q q 0 0 0 rg BT 310.75 535.25 Td (client ) Tj ET Q q 0 0 0 rg BT 335.58 535.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 390.40 535.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 433.56 535.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.84 535.25 Td (32%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.17 535.25 Td ( ) Tj ET Q q 0 0 0 rg BT 468.79 535.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.74 535.25 Td (our ) Tj ET Q q 0 0 0 rg BT 495.69 535.25 Td (total ) Tj ET Q q 0 0 0 rg BT 516.09 535.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 554.25 535.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 523.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.37 523.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.17 523.25 Td (43%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.50 523.25 Td ( ) Tj ET Q q 0 0 0 rg BT 109.87 523.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.02 523.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.02 523.25 Td (. ) Tj ET Q q 0 0 0 rg BT 144.71 523.25 Td (There ) Tj ET Q q 0 0 0 rg BT 170.39 523.25 Td (was ) Tj ET Q q 0 0 0 rg BT 188.31 523.25 Td (no ) Tj ET Q q 0 0 0 rg BT 200.68 523.25 Td (single ) Tj ET Q q 0 0 0 rg BT 226.93 523.25 Td (client ) Tj ET Q q 0 0 0 rg BT 251.51 523.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.66 523.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.66 523.25 Td ( ) Tj ET Q q 0 0 0 rg BT 284.03 523.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.72 523.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.72 523.25 Td ( ) Tj ET Q q 0 0 0 rg BT 317.09 523.25 Td (that ) Tj ET Q q 0 0 0 rg BT 334.45 523.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 382.90 523.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 413.02 523.25 Td (than ) Tj ET Q q 0 0 0 rg BT 432.61 523.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 453.31 523.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.00 523.25 Td (our ) Tj ET Q q 0 0 0 rg BT 479.70 523.25 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 519.93 523.25 Td (W) Tj ET Q q 0 0 0 rg BT 528.57 523.25 Td (e ) Tj ET Q q 0 0 0 rg BT 535.38 523.25 Td (earned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td ($1 ) Tj ET Q q 0 0 0 rg BT 62.69 511.25 Td (million ) Tj ET Q q 0 0 0 rg BT 94.27 511.25 Td (or ) Tj ET Q q 0 0 0 rg BT 105.29 511.25 Td (more ) Tj ET Q q 0 0 0 rg BT 128.52 511.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.65 511.25 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.65 511.25 Td ( ) Tj ET Q q 0 0 0 rg BT 163.33 511.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 192.13 511.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.59 511.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.59 511.25 Td (, ) Tj ET Q q 0 0 0 rg BT 227.78 511.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 269.89 511.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.36 511.25 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.36 511.25 Td ( ) Tj ET Q q 0 0 0 rg BT 293.05 511.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.51 511.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.51 511.25 Td (, ) Tj ET Q q 0 0 0 rg BT 328.70 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.72 511.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.85 511.25 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.18 511.25 Td ( ) Tj ET Q q 0 0 0 rg BT 387.86 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 398.88 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.79 511.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 442.58 511.25 Td (were ) Tj ET Q q 0 0 0 rg BT 464.69 511.25 Td (new ) Tj ET Q q 0 0 0 rg BT 484.04 511.25 Td (to ) Tj ET Q q 0 0 0 rg BT 494.51 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.41 511.25 Td (Firm ) Tj ET Q q 0 0 0 rg BT 531.55 511.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.02 511.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.02 511.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.39 499.25 Td (32%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.72 499.25 Td ( ) Tj ET Q q 0 0 0 rg BT 88.67 499.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.40 499.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.40 499.25 Td (. ) Tj ET Q q 0 0 0 rg BT 124.64 499.25 Td (While ) Tj ET Q q 0 0 0 rg BT 152.03 499.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.19 499.25 Td (composition ) Tj ET Q q 0 0 0 rg BT 219.59 499.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.87 499.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.04 499.25 Td (group ) Tj ET Q q 0 0 0 rg BT 272.32 499.25 Td (comprising ) Tj ET Q q 0 0 0 rg BT 320.27 499.25 Td (our ) Tj ET Q q 0 0 0 rg BT 336.55 499.25 Td (lar) Tj ET Q q 0 0 0 rg BT 346.92 499.25 Td (gest ) Tj ET Q q 0 0 0 rg BT 365.98 499.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 395.03 499.25 Td (varies ) Tj ET Q q 0 0 0 rg BT 421.86 499.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 474.80 499.25 Td (from ) Tj ET Q q 0 0 0 rg BT 497.19 499.25 Td (year ) Tj ET Q q 0 0 0 rg BT 517.35 499.25 Td (to ) Tj ET Q q 0 0 0 rg BT 528.08 499.25 Td (year) Tj ET Q q 0 0 0 rg BT 544.89 499.25 Td (, ) Tj ET Q q 0 0 0 rg BT 550.34 499.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 78.30 487.25 Td (that ) Tj ET Q q 0 0 0 rg BT 95.50 487.25 Td (our ) Tj ET Q q 0 0 0 rg BT 111.04 487.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 147.68 487.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 202.09 487.25 Td (will ) Tj ET Q q 0 0 0 rg BT 219.85 487.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 256.49 487.25 Td (to ) Tj ET Q q 0 0 0 rg BT 266.48 487.25 Td (be ) Tj ET Q q 0 0 0 rg BT 278.12 487.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 308.66 487.25 Td (to ) Tj ET Q q 0 0 0 rg BT 318.64 487.25 Td (a ) Tj ET Q q 0 0 0 rg BT 325.29 487.25 Td (relatively ) Tj ET Q q 0 0 0 rg BT 365.25 487.25 Td (small ) Tj ET Q q 0 0 0 rg BT 389.12 487.25 Td (number ) Tj ET Q q 0 0 0 rg BT 421.88 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.41 487.25 Td (clients, ) Tj ET Q q 0 0 0 rg BT 463.22 487.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 504.85 487.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.83 487.25 Td (some ) Tj ET Q q 0 0 0 rg BT 538.15 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.69 487.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 475.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 74.93 475.25 Td (competitors, ) Tj ET Q q 0 0 0 rg BT 126.43 475.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.67 475.25 Td (that ) Tj ET Q q 0 0 0 rg BT 159.45 475.25 Td (an ) Tj ET Q q 0 0 0 rg BT 170.69 475.25 Td (even ) Tj ET Q q 0 0 0 rg BT 191.36 475.25 Td (smaller ) Tj ET Q q 0 0 0 rg BT 222.58 475.25 Td (number ) Tj ET Q q 0 0 0 rg BT 254.92 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.05 475.25 Td (those ) Tj ET Q q 0 0 0 rg BT 287.95 475.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 315.85 475.25 Td (will ) Tj ET Q q 0 0 0 rg BT 333.20 475.25 Td (account ) Tj ET Q q 0 0 0 rg BT 366.08 475.25 Td (for ) Tj ET Q q 0 0 0 rg BT 379.54 475.25 Td (a ) Tj ET Q q 0 0 0 rg BT 385.77 475.25 Td (high ) Tj ET Q q 0 0 0 rg BT 405.34 475.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 450.44 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.56 475.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 497.89 475.25 Td (in ) Tj ET Q q 0 0 0 rg BT 507.46 475.25 Td (any ) Tj ET Q q 0 0 0 rg BT 523.69 475.25 Td (particular ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (year) Tj ET Q q 0 0 0 rg BT 66.66 463.25 Td (. ) Tj ET Q q 0 0 0 rg BT 71.17 463.25 Td (As ) Tj ET Q q 0 0 0 rg BT 84.86 463.25 Td (a ) Tj ET Q q 0 0 0 rg BT 91.88 463.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 119.18 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.97 463.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 167.09 463.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 196.88 463.25 Td (on ) Tj ET Q q 0 0 0 rg BT 209.46 463.25 Td (our ) Tj ET Q q 0 0 0 rg BT 225.38 463.25 Td (results ) Tj ET Q q 0 0 0 rg BT 254.06 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.98 463.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 305.32 463.25 Td (from ) Tj ET Q q 0 0 0 rg BT 327.34 463.25 Td (lost ) Tj ET Q q 0 0 0 rg BT 344.37 463.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 399.15 463.25 Td (or ) Tj ET Q q 0 0 0 rg BT 410.06 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.86 463.25 Td (non-completion ) Tj ET Q q 0 0 0 rg BT 490.76 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 501.67 463.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 552.01 463.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 451.25 Td (we ) Tj ET Q q 0 0 0 rg BT 91.10 451.25 Td (are ) Tj ET Q q 0 0 0 rg BT 105.81 451.25 Td (advising ) Tj ET Q q 0 0 0 rg BT 142.19 451.25 Td (can ) Tj ET Q q 0 0 0 rg BT 158.57 451.25 Td (be ) Tj ET Q q 0 0 0 rg BT 170.51 451.25 Td (significant. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 430.25 Td (W) Tj ET Q q 0 0 0 rg BT 70.15 430.25 Td (e ) Tj ET Q q 0 0 0 rg BT 77.47 430.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 115.89 430.25 Td (a ) Tj ET Q q 0 0 0 rg BT 123.77 430.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 171.67 430.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 204.56 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.76 430.25 Td (our ) Tj ET Q q 0 0 0 rg BT 233.10 430.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 272.63 430.25 Td (from ) Tj ET Q q 0 0 0 rg BT 295.51 430.25 Td (our ) Tj ET Q q 0 0 0 rg BT 312.84 430.25 Td (services ) Tj ET Q q 0 0 0 rg BT 347.93 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.15 430.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 407.58 430.25 Td (with ) Tj ET Q q 0 0 0 rg BT 428.25 430.25 Td (mergers ) Tj ET Q q 0 0 0 rg BT 464.46 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.90 430.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 535.23 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 553.67 430.25 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.11 418.25 Td (event ) Tj ET Q q 0 0 0 rg BT 89.09 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 99.75 418.25 Td (a ) Tj ET Q q 0 0 0 rg BT 107.08 418.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 138.84 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 149.51 418.25 Td (merger ) Tj ET Q q 0 0 0 rg BT 181.27 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 199.16 418.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 247.06 418.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 278.81 418.25 Td (it ) Tj ET Q q 0 0 0 rg BT 286.70 418.25 Td (is ) Tj ET Q q 0 0 0 rg BT 295.70 418.25 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 331.36 418.25 Td (we ) Tj ET Q q 0 0 0 rg BT 344.80 418.25 Td (could ) Tj ET Q q 0 0 0 rg BT 369.90 418.25 Td (of) Tj ET Q q 0 0 0 rg BT 378.05 418.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 394.82 418.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 419.92 418.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 458.91 418.25 Td (with ) Tj ET Q q 0 0 0 rg BT 479.03 418.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 518.02 418.25 Td (from ) Tj ET Q q 0 0 0 rg BT 540.35 418.25 Td (other ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 385.25 Td (The ) Tj ET Q q 0 0 0 rg BT 79.97 385.25 Td (lar) Tj ET Q q 0 0 0 rg BT 90.34 385.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 102.20 385.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 138.51 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.27 385.25 Td (our ) Tj ET Q q 0 0 0 rg BT 165.02 385.25 Td (bankers ) Tj ET Q q 0 0 0 rg BT 198.55 385.25 Td (are ) Tj ET Q q 0 0 0 rg BT 213.18 385.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 246.70 385.25 Td (on ) Tj ET Q q 0 0 0 rg BT 259.13 385.25 Td (covering ) Tj ET Q q 0 0 0 rg BT 296.54 385.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 325.07 385.25 Td (in ) Tj ET Q q 0 0 0 rg BT 335.27 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.92 385.25 Td (context ) Tj ET Q q 0 0 0 rg BT 381.78 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.53 385.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 433.84 385.25 Td (mer) Tj ET Q q 0 0 0 rg BT 449.21 385.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 464.41 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 481.27 385.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 527.58 385.25 Td (advisory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (services ) Tj ET Q q 0 0 0 rg BT 85.08 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 102.40 373.25 Td (those ) Tj ET Q q 0 0 0 rg BT 126.39 373.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 165.36 373.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 202.10 373.25 Td (a ) Tj ET Q q 0 0 0 rg BT 209.42 373.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 255.07 373.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 286.83 373.25 Td (of ) Tj ET Q q 0 0 0 rg BT 298.04 373.25 Td (our ) Tj ET Q q 0 0 0 rg BT 314.25 373.25 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 355.16 373.25 Td ( ) Tj ET Q q 0 0 0 rg BT 358.04 373.25 Td (In ) Tj ET Q q 0 0 0 rg BT 369.25 373.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.34 373.25 Td (event ) Tj ET Q q 0 0 0 rg BT 408.87 373.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.08 373.25 Td (a ) Tj ET Q q 0 0 0 rg BT 427.40 373.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 459.15 373.25 Td (in ) Tj ET Q q 0 0 0 rg BT 469.80 373.25 Td (mer) Tj ET Q q 0 0 0 rg BT 485.17 373.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 500.82 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.13 373.25 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 82.36 361.25 Td (we ) Tj ET Q q 0 0 0 rg BT 96.38 361.25 Td (may ) Tj ET Q q 0 0 0 rg BT 115.97 361.25 Td (seek ) Tj ET Q q 0 0 0 rg BT 136.10 361.25 Td (to ) Tj ET Q q 0 0 0 rg BT 146.25 361.25 Td (generate ) Tj ET Q q 0 0 0 rg BT 182.48 361.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 212.60 361.25 Td (business ) Tj ET Q q 0 0 0 rg BT 248.86 361.25 Td (from ) Tj ET Q q 0 0 0 rg BT 270.67 361.25 Td (our ) Tj ET Q q 0 0 0 rg BT 286.36 361.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 326.49 361.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 363.30 361.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.10 361.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 433.57 361.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 461.48 361.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 490.50 361.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 527.30 361.25 Td (services. ) Tj ET Q q 0 0 0 rg BT 564.51 361.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (However) Tj ET Q q 0 0 0 rg BT 86.25 349.25 Td (, ) Tj ET Q q 0 0 0 rg BT 91.88 349.25 Td (it ) Tj ET Q q 0 0 0 rg BT 100.57 349.25 Td (is ) Tj ET Q q 0 0 0 rg BT 110.37 349.25 Td (unlikely ) Tj ET Q q 0 0 0 rg BT 146.28 349.25 Td (that ) Tj ET Q q 0 0 0 rg BT 164.41 349.25 Td (we ) Tj ET Q q 0 0 0 rg BT 179.20 349.25 Td (will ) Tj ET Q q 0 0 0 rg BT 197.89 349.25 Td (be ) Tj ET Q q 0 0 0 rg BT 210.46 349.25 Td (able ) Tj ET Q q 0 0 0 rg BT 230.25 349.25 Td (to ) Tj ET Q q 0 0 0 rg BT 241.16 349.25 Td (of) Tj ET Q q 0 0 0 rg BT 249.31 349.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 266.88 349.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 292.78 349.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 331.45 349.25 Td (from ) Tj ET Q q 0 0 0 rg BT 354.02 349.25 Td (our ) Tj ET Q q 0 0 0 rg BT 370.48 349.25 Td (mer) Tj ET Q q 0 0 0 rg BT 385.85 349.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 401.75 349.25 Td (and ) Tj ET Q q 0 0 0 rg BT 419.32 349.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 466.33 349.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 505.56 349.25 Td (with ) Tj ET Q q 0 0 0 rg BT 526.47 349.25 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 92.17 337.25 Td (from ) Tj ET Q q 0 0 0 rg BT 114.92 337.25 Td (either ) Tj ET Q q 0 0 0 rg BT 141.00 337.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 182.08 337.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 219.83 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 237.58 337.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 291.98 337.25 Td (or ) Tj ET Q q 0 0 0 rg BT 303.63 337.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 333.59 337.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 371.34 337.25 Td (assignments. ) Tj ET Q q 0 0 0 rg BT 426.04 337.25 Td ( ) Tj ET Q q 0 0 0 rg BT 429.35 337.25 Td (Both ) Tj ET Q q 0 0 0 rg BT 452.11 337.25 Td (our ) Tj ET Q q 0 0 0 rg BT 468.75 337.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 509.83 337.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 547.58 337.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 103.68 325.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 142.66 325.25 Td (which ) Tj ET Q q 0 0 0 rg BT 169.69 325.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 206.71 325.25 Td (financing, ) Tj ET Q q 0 0 0 rg BT 249.57 325.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 303.25 325.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.27 325.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 367.85 325.25 Td (advice ) Tj ET Q q 0 0 0 rg BT 396.53 325.25 Td (to ) Tj ET Q q 0 0 0 rg BT 406.89 325.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 452.25 325.25 Td (in ) Tj ET Q q 0 0 0 rg BT 462.61 325.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 500.18 325.25 Td (distress ) Tj ET Q q 0 0 0 rg BT 532.77 325.25 Td (or ) Tj ET Q q 0 0 0 rg BT 543.69 325.25 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (creditors ) Tj ET Q q 0 0 0 rg BT 86.71 313.25 Td (or ) Tj ET Q q 0 0 0 rg BT 96.76 313.25 Td (other ) Tj ET Q q 0 0 0 rg BT 119.02 313.25 Td (stakeholders, ) Tj ET Q q 0 0 0 rg BT 173.23 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.39 313.25 Td (our ) Tj ET Q q 0 0 0 rg BT 204.44 313.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 232.81 313.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 268.97 313.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 307.08 313.25 Td (which ) Tj ET Q q 0 0 0 rg BT 333.24 313.25 Td (assists ) Tj ET Q q 0 0 0 rg BT 360.52 313.25 Td (in ) Tj ET Q q 0 0 0 rg BT 370.02 313.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 398.39 313.25 Td (raisings ) Tj ET Q q 0 0 0 rg BT 431.22 313.25 Td (for ) Tj ET Q q 0 0 0 rg BT 444.60 313.25 Td (new ) Tj ET Q q 0 0 0 rg BT 462.98 313.25 Td (private ) Tj ET Q q 0 0 0 rg BT 492.46 313.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 516.40 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.56 313.25 Td (advises ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.77 301.25 Td (secondary ) Tj ET Q q 0 0 0 rg BT 106.07 301.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 156.61 301.25 Td (for ) Tj ET Q q 0 0 0 rg BT 171.04 301.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 216.00 301.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 244.60 301.25 Td (are ) Tj ET Q q 0 0 0 rg BT 259.58 301.25 Td (smaller ) Tj ET Q q 0 0 0 rg BT 291.78 301.25 Td (than ) Tj ET Q q 0 0 0 rg BT 311.76 301.25 Td (our ) Tj ET Q q 0 0 0 rg BT 327.86 301.25 Td (mer) Tj ET Q q 0 0 0 rg BT 343.23 301.25 Td (gers ) Tj ET Q q 0 0 0 rg BT 362.66 301.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.86 301.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 430.41 301.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 467.61 301.25 Td (business ) Tj ET Q q 0 0 0 rg BT 504.27 301.25 Td (and ) Tj ET Q q 0 0 0 rg BT 521.48 301.25 Td (we ) Tj ET Q q 0 0 0 rg BT 535.91 301.25 Td (expect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.50 289.25 Td (they ) Tj ET Q q 0 0 0 rg BT 87.21 289.25 Td (will ) Tj ET Q q 0 0 0 rg BT 105.27 289.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 135.53 289.25 Td (that ) Tj ET Q q 0 0 0 rg BT 153.03 289.25 Td (way ) Tj ET Q q 0 0 0 rg BT 172.19 289.25 Td (for ) Tj ET Q q 0 0 0 rg BT 186.35 289.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.06 289.25 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 249.09 289.25 Td (future. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 268.25 Td (If ) Tj ET Q q 0 0 0 rg BT 71.78 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 87.11 268.25 Td (number ) Tj ET Q q 0 0 0 rg BT 121.90 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.79 268.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 152.56 268.25 Td (defaults, ) Tj ET Q q 0 0 0 rg BT 190.39 268.25 Td (bankruptcies ) Tj ET Q q 0 0 0 rg BT 246.29 268.25 Td (or ) Tj ET Q q 0 0 0 rg BT 257.74 268.25 Td (other ) Tj ET Q q 0 0 0 rg BT 281.96 268.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 312.85 268.25 Td (af) Tj ET Q q 0 0 0 rg BT 321.00 268.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 351.88 268.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 387.21 268.25 Td (for ) Tj ET Q q 0 0 0 rg BT 401.99 268.25 Td (our ) Tj ET Q q 0 0 0 rg BT 419.00 268.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 476.02 268.25 Td (services ) Tj ET Q q 0 0 0 rg BT 510.78 268.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 546.68 268.25 Td (at ) Tj ET Q q 0 0 0 rg BT 557.01 268.25 Td (a ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (low ) Tj ET Q q 0 0 0 rg BT 66.95 256.25 Td (level, ) Tj ET Q q 0 0 0 rg BT 90.82 256.25 Td (our ) Tj ET Q q 0 0 0 rg BT 107.77 256.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 147.50 256.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 184.44 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 202.50 256.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 259.46 256.25 Td (business ) Tj ET Q q 0 0 0 rg BT 296.98 256.25 Td (could ) Tj ET Q q 0 0 0 rg BT 322.26 256.25 Td (suf) Tj ET Q q 0 0 0 rg BT 334.86 256.25 Td (fer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 235.25 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 235.25 Td (e ) Tj ET Q q 0 0 0 rg BT 76.67 235.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 108.82 235.25 Td (various ) Tj ET Q q 0 0 0 rg BT 139.86 235.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 179.22 235.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 215.25 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.29 235.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 283.98 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 300.02 235.25 Td (related ) Tj ET Q q 0 0 0 rg BT 328.82 235.25 Td (advice ) Tj ET Q q 0 0 0 rg BT 356.51 235.25 Td (to ) Tj ET Q q 0 0 0 rg BT 365.89 235.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 410.25 235.25 Td (in ) Tj ET Q q 0 0 0 rg BT 419.63 235.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 456.21 235.25 Td (distress ) Tj ET Q q 0 0 0 rg BT 487.80 235.25 Td (or ) Tj ET Q q 0 0 0 rg BT 497.73 235.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.11 235.25 Td (their ) Tj ET Q q 0 0 0 rg BT 527.03 235.25 Td (creditors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.71 223.25 Td (other ) Tj ET Q q 0 0 0 rg BT 83.63 223.25 Td (stakeholders. ) Tj ET Q q 0 0 0 rg BT 137.96 223.25 Td (A) Tj ET Q q 0 0 0 rg BT 144.63 223.25 Td ( ) Tj ET Q q 0 0 0 rg BT 147.01 223.25 Td (number ) Tj ET Q q 0 0 0 rg BT 179.93 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.64 223.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 220.22 223.25 Td (af) Tj ET Q q 0 0 0 rg BT 227.81 223.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 245.17 223.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 279.20 223.25 Td (for ) Tj ET Q q 0 0 0 rg BT 293.24 223.25 Td (these ) Tj ET Q q 0 0 0 rg BT 316.16 223.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 352.97 223.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 390.05 223.25 Td (including ) Tj ET Q q 0 0 0 rg BT 430.20 223.25 Td (general ) Tj ET Q q 0 0 0 rg BT 462.00 223.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 503.25 223.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 549.79 223.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 97.00 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.46 211.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 131.58 211.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.93 211.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 161.16 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.62 211.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 204.63 211.25 Td (financing, ) Tj ET Q q 0 0 0 rg BT 246.91 211.25 Td (governmental ) Tj ET Q q 0 0 0 rg BT 303.91 211.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 330.92 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.37 211.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 381.60 211.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.39 211.25 Td (laws, ) Tj ET Q q 0 0 0 rg BT 414.24 211.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 435.69 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.15 211.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 501.10 211.25 Td (including ) Tj ET Q q 0 0 0 rg BT 540.89 211.25 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.25 Td (that ) Tj ET Q q 0 0 0 rg BT 66.67 199.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 96.12 199.25 Td (creditors. ) Tj ET Q q 0 0 0 rg BT 135.28 199.25 Td (In ) Tj ET Q q 0 0 0 rg BT 145.29 199.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 182.24 199.25 Td (providing ) Tj ET Q q 0 0 0 rg BT 222.81 199.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 275.58 199.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 311.70 199.25 Td (services ) Tj ET Q q 0 0 0 rg BT 345.58 199.25 Td (entails ) Tj ET Q q 0 0 0 rg BT 373.36 199.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.26 199.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 403.94 199.25 Td (that ) Tj ET Q q 0 0 0 rg BT 420.61 199.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.51 199.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 480.06 199.25 Td (will ) Tj ET Q q 0 0 0 rg BT 497.29 199.25 Td (be ) Tj ET Q q 0 0 0 rg BT 508.41 199.25 Td (unsuccessful, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.25 Td (takes ) Tj ET Q q 0 0 0 rg BT 73.63 187.25 Td (considerable ) Tj ET Q q 0 0 0 rg BT 127.25 187.25 Td (time ) Tj ET Q q 0 0 0 rg BT 148.11 187.25 Td (and ) Tj ET Q q 0 0 0 rg BT 165.64 187.25 Td (can ) Tj ET Q q 0 0 0 rg BT 182.60 187.25 Td (be ) Tj ET Q q 0 0 0 rg BT 195.13 187.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 226.54 187.25 Td (to ) Tj ET Q q 0 0 0 rg BT 237.41 187.25 Td (a ) Tj ET Q q 0 0 0 rg BT 244.94 187.25 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 293.01 187.25 Td (court's ) Tj ET Q q 0 0 0 rg BT 322.34 187.25 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 377.63 187.25 Td (power ) Tj ET Q q 0 0 0 rg BT 405.70 187.25 Td (to ) Tj ET Q q 0 0 0 rg BT 416.57 187.25 Td (disallow ) Tj ET Q q 0 0 0 rg BT 453.54 187.25 Td (or ) Tj ET Q q 0 0 0 rg BT 464.96 187.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 501.93 187.25 Td (our ) Tj ET Q q 0 0 0 rg BT 518.35 187.25 Td (fees. ) Tj ET Q q 0 0 0 rg BT 540.04 187.25 Td (If ) Tj ET Q q 0 0 0 rg BT 549.79 187.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.25 Td (number ) Tj ET Q q 0 0 0 rg BT 83.13 175.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.05 175.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 113.85 175.25 Td (defaults, ) Tj ET Q q 0 0 0 rg BT 150.59 175.25 Td (bankruptcies ) Tj ET Q q 0 0 0 rg BT 204.27 175.25 Td (or ) Tj ET Q q 0 0 0 rg BT 215.19 175.25 Td (other ) Tj ET Q q 0 0 0 rg BT 238.32 175.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 268.11 175.25 Td (af) Tj ET Q q 0 0 0 rg BT 275.70 175.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 306.05 175.25 Td (demand ) Tj ET Q q 0 0 0 rg BT 340.29 175.25 Td (for ) Tj ET Q q 0 0 0 rg BT 354.53 175.25 Td (our ) Tj ET Q q 0 0 0 rg BT 370.45 175.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 424.13 175.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 461.15 175.25 Td (services ) Tj ET Q q 0 0 0 rg BT 495.94 175.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 530.19 175.25 Td (at ) Tj ET Q q 0 0 0 rg BT 539.99 175.25 Td (a ) Tj ET Q q 0 0 0 rg BT 547.01 175.25 Td (low ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.25 Td (level, ) Tj ET Q q 0 0 0 rg BT 74.43 163.25 Td (our ) Tj ET Q q 0 0 0 rg BT 90.26 163.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 130.53 163.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 167.47 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.40 163.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 238.00 163.25 Td (business ) Tj ET Q q 0 0 0 rg BT 274.39 163.25 Td (would ) Tj ET Q q 0 0 0 rg BT 301.89 163.25 Td (be ) Tj ET Q q 0 0 0 rg BT 313.83 163.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 354.64 163.25 Td (af) Tj ET Q q 0 0 0 rg BT 362.23 163.25 Td (fected. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 142.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 80.47 142.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 110.04 142.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 146.28 142.25 Td (business ) Tj ET Q q 0 0 0 rg BT 183.09 142.25 Td (is ) Tj ET Q q 0 0 0 rg BT 191.56 142.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 235.58 142.25 Td (on ) Tj ET Q q 0 0 0 rg BT 247.94 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.51 142.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 309.86 142.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.99 142.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 349.56 142.25 Td (for ) Tj ET Q q 0 0 0 rg BT 363.58 142.25 Td (deployment ) Tj ET Q q 0 0 0 rg BT 412.59 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 422.73 142.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 457.31 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 474.67 142.25 Td (secondary ) Tj ET Q q 0 0 0 rg BT 518.12 142.25 Td (alternative ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 72.50 130.25 Td (classes ) Tj ET Q q 0 0 0 rg BT 103.33 130.25 Td (for ) Tj ET Q q 0 0 0 rg BT 118.05 130.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 147.22 130.25 Td (we ) Tj ET Q q 0 0 0 rg BT 160.83 130.25 Td (serve) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 109.25 Td (In ) Tj ET Q q 0 0 0 rg BT 72.76 109.25 Td (our ) Tj ET Q q 0 0 0 rg BT 88.52 109.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 117.61 109.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 154.48 109.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 193.30 109.25 Td (we ) Tj ET Q q 0 0 0 rg BT 207.39 109.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 240.37 109.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 274.46 109.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 295.22 109.25 Td (placement ) Tj ET Q q 0 0 0 rg BT 338.74 109.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 375.88 109.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 421.63 109.25 Td (for ) Tj ET Q q 0 0 0 rg BT 435.72 109.25 Td (real ) Tj ET Q q 0 0 0 rg BT 453.14 109.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 478.33 109.25 Td (funds, ) Tj ET Q q 0 0 0 rg BT 505.49 109.25 Td (and ) Tj ET Q q 0 0 0 rg BT 522.36 109.25 Td (we ) Tj ET Q q 0 0 0 rg BT 536.45 109.25 Td (advise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.25 Td (institutional ) Tj ET Q q 0 0 0 rg BT 100.57 97.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 139.46 97.25 Td (on ) Tj ET Q q 0 0 0 rg BT 152.25 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.26 97.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 185.59 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.71 97.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 241.69 97.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 267.81 97.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 292.82 97.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.39 97.25 Td (secondary ) Tj ET Q q 0 0 0 rg BT 346.71 97.25 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 399.77 97.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 418.11 97.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 446.45 97.25 Td (to ) Tj ET Q q 0 0 0 rg BT 457.01 97.25 Td (find ) Tj ET Q q 0 0 0 rg BT 475.91 97.25 Td (suitable ) Tj ET Q q 0 0 0 rg BT 509.80 97.25 Td (engagements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.29 85.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 87.35 85.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 106.30 85.25 Td (in ) Tj ET Q q 0 0 0 rg BT 116.93 85.25 Td (this ) Tj ET Q q 0 0 0 rg BT 134.24 85.25 Td (business ) Tj ET Q q 0 0 0 rg BT 170.98 85.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 206.60 85.25 Td (on ) Tj ET Q q 0 0 0 rg BT 219.46 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.52 85.25 Td (availability ) Tj ET Q q 0 0 0 rg BT 282.36 85.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.55 85.25 Td (private ) Tj ET Q q 0 0 0 rg BT 324.16 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.45 85.25 Td (public ) Tj ET Q q 0 0 0 rg BT 369.30 85.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 398.81 85.25 Td (for ) Tj ET Q q 0 0 0 rg BT 413.32 85.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 463.95 85.25 Td (in ) Tj ET Q q 0 0 0 rg BT 474.58 85.25 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 506.32 85.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 532.50 85.25 Td (such ) Tj ET Q q 0 0 0 rg BT 553.69 85.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.25 Td (private ) Tj ET Q q 0 0 0 rg BT 80.18 73.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 107.59 73.25 Td (and ) Tj ET Q q 0 0 0 rg BT 124.45 73.25 Td (real ) Tj ET Q q 0 0 0 rg BT 141.85 73.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 167.03 73.25 Td (funds. ) Tj ET Q q 0 0 0 rg BT 194.16 73.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 212.13 73.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 240.10 73.25 Td (to ) Tj ET Q q 0 0 0 rg BT 250.29 73.25 Td (assist ) Tj ET Q q 0 0 0 rg BT 274.38 73.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 295.13 73.25 Td (managers ) Tj ET Q q 0 0 0 rg BT 335.86 73.25 Td (and ) Tj ET Q q 0 0 0 rg BT 352.71 73.25 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 390.13 73.25 Td (in ) Tj ET Q q 0 0 0 rg BT 400.33 73.25 Td (raising ) Tj ET Q q 0 0 0 rg BT 429.96 73.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 459.03 73.25 Td (from ) Tj ET Q q 0 0 0 rg BT 480.88 73.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 519.41 73.25 Td (or ) Tj ET Q q 0 0 0 rg BT 530.15 73.25 Td (to ) Tj ET Q q 0 0 0 rg BT 540.35 73.25 Td (assist ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 88.60 61.25 Td (in ) Tj ET Q q 0 0 0 rg BT 98.88 61.25 Td (selling ) Tj ET Q q 0 0 0 rg BT 128.04 61.25 Td (their ) Tj ET Q q 0 0 0 rg BT 148.86 61.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 184.68 61.25 Td (in ) Tj ET Q q 0 0 0 rg BT 194.95 61.25 Td (secondary ) Tj ET Q q 0 0 0 rg BT 237.98 61.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 288.24 61.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 323.51 61.25 Td (on ) Tj ET Q q 0 0 0 rg BT 336.00 61.25 Td (a ) Tj ET Q q 0 0 0 rg BT 342.93 61.25 Td (number ) Tj ET Q q 0 0 0 rg BT 375.98 61.25 Td (of ) Tj ET Q q 0 0 0 rg BT 386.80 61.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 419.00 61.25 Td (including ) Tj ET Q q 0 0 0 rg BT 459.27 61.25 Td (many ) Tj ET Q q 0 0 0 rg BT 483.98 61.25 Td (that ) Tj ET Q q 0 0 0 rg BT 501.47 61.25 Td (our ) Tj ET Q q 0 0 0 rg BT 517.30 61.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 548.68 61.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 83.44 49.25 Td (such ) Tj ET Q q 0 0 0 rg BT 104.39 49.25 Td (as ) Tj ET Q q 0 0 0 rg BT 115.34 49.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.18 49.25 Td (general ) Tj ET Q q 0 0 0 rg BT 162.22 49.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 203.72 49.25 Td (environment, ) Tj ET Q q 0 0 0 rg BT 259.38 49.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 294.20 49.25 Td (in ) Tj ET Q q 0 0 0 rg BT 304.60 49.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.44 49.25 Td (weight ) Tj ET Q q 0 0 0 rg BT 349.27 49.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 388.00 49.25 Td (give ) Tj ET Q q 0 0 0 rg BT 407.84 49.25 Td (to ) Tj ET Q q 0 0 0 rg BT 418.24 49.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 463.05 49.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 485.11 49.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 535.51 49.25 Td (as ) Tj ET Q q 0 0 0 rg BT 546.46 49.25 Td (part ) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.00 742.10 Td (their ) Tj ET Q q 0 0 0 rg BT 82.00 742.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 112.43 742.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 158.98 742.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 196.65 742.10 Td (among ) Tj ET Q q 0 0 0 rg BT 226.53 742.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 248.64 742.10 Td (classes, ) Tj ET Q q 0 0 0 rg BT 281.58 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.69 742.10 Td (market ) Tj ET Q q 0 0 0 rg BT 329.12 742.10 Td (volatility) Tj ET Q q 0 0 0 rg BT 364.58 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 369.75 742.10 Td (Following ) Tj ET Q q 0 0 0 rg BT 413.54 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.42 742.10 Td (onset ) Tj ET Q q 0 0 0 rg BT 452.20 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.20 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.09 742.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 500.76 742.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 538.41 742.10 Td (crisis, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (there ) Tj ET Q q 0 0 0 rg BT 72.25 730.10 Td (was ) Tj ET Q q 0 0 0 rg BT 90.06 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 96.75 730.10 Td (shortage ) Tj ET Q q 0 0 0 rg BT 132.89 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.48 730.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 172.39 730.10 Td (available ) Tj ET Q q 0 0 0 rg BT 210.74 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 224.66 730.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 270.80 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.84 730.10 Td (such ) Tj ET Q q 0 0 0 rg BT 301.43 730.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 323.13 730.10 Td (classes ) Tj ET Q q 0 0 0 rg BT 353.16 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 363.19 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.67 730.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 411.59 730.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 444.11 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 460.81 730.10 Td (far ) Tj ET Q q 0 0 0 rg BT 474.17 730.10 Td (fewer ) Tj ET Q q 0 0 0 rg BT 499.18 730.10 Td (new ) Tj ET Q q 0 0 0 rg BT 518.10 730.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 542.59 730.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (raised ) Tj ET Q q 0 0 0 rg BT 76.07 718.10 Td (than ) Tj ET Q q 0 0 0 rg BT 95.48 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.45 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.86 718.10 Td (period ) Tj ET Q q 0 0 0 rg BT 147.60 718.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 189.22 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.63 718.10 Td (crisis. ) Tj ET Q q 0 0 0 rg BT 229.28 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 234.69 718.10 Td (o ) Tj ET Q q 0 0 0 rg BT 241.88 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.29 718.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 282.92 718.10 Td (private ) Tj ET Q q 0 0 0 rg BT 312.88 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.51 718.10 Td (public ) Tj ET Q q 0 0 0 rg BT 356.70 718.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 385.54 718.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 418.83 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 431.03 718.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 464.88 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 475.40 718.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 518.13 718.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.94 706.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 106.29 706.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 153.33 706.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 209.26 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 224.08 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 240.57 706.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 269.83 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 279.66 706.10 Td (limited, ) Tj ET Q q 0 0 0 rg BT 313.65 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.02 706.10 Td (results ) Tj ET Q q 0 0 0 rg BT 358.29 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.78 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 386.27 706.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 416.08 706.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 453.67 706.10 Td (business ) Tj ET Q q 0 0 0 rg BT 490.72 706.10 Td (may ) Tj ET Q q 0 0 0 rg BT 511.10 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 523.69 706.10 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 694.10 Td (fected.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 673.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 81.17 673.10 Td (business ) Tj ET Q q 0 0 0 rg BT 118.69 673.10 Td (may ) Tj ET Q q 0 0 0 rg BT 138.41 673.10 Td (be ) Tj ET Q q 0 0 0 rg BT 150.34 673.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 191.16 673.10 Td (af) Tj ET Q q 0 0 0 rg BT 199.31 673.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 226.23 673.10 Td (by ) Tj ET Q q 0 0 0 rg BT 238.17 673.10 Td (dif) Tj ET Q q 0 0 0 rg BT 249.10 673.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 273.26 673.10 Td (market ) Tj ET Q q 0 0 0 rg BT 304.65 673.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 349.94 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.00 673.10 Td (a ) Tj ET Q q 0 0 0 rg BT 375.50 673.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 407.43 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.27 673.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 467.45 673.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 499.38 673.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 652.10 Td (Adverse ) Tj ET Q q 0 0 0 rg BT 97.88 652.10 Td (market ) Tj ET Q q 0 0 0 rg BT 128.20 652.10 Td (or ) Tj ET Q q 0 0 0 rg BT 139.08 652.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 180.51 652.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 224.73 652.10 Td (would ) Tj ET Q q 0 0 0 rg BT 252.29 652.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 277.62 652.10 Td (af) Tj ET Q q 0 0 0 rg BT 285.21 652.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 302.75 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.52 652.10 Td (number) Tj ET Q q 0 0 0 rg BT 347.67 652.10 Td (, ) Tj ET Q q 0 0 0 rg BT 352.72 652.10 Td (size ) Tj ET Q q 0 0 0 rg BT 370.83 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.82 652.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 416.49 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.38 652.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 477.70 652.10 Td (on ) Tj ET Q q 0 0 0 rg BT 490.25 652.10 Td (which ) Tj ET Q q 0 0 0 rg BT 517.25 652.10 Td (we ) Tj ET Q q 0 0 0 rg BT 531.46 652.10 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 78.99 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.32 640.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 135.29 640.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 176.50 640.10 Td (af) Tj ET Q q 0 0 0 rg BT 184.09 640.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 201.97 640.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.19 640.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 255.52 640.10 Td (fees. ) Tj ET Q q 0 0 0 rg BT 277.01 640.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 332.39 640.10 Td (rapid ) Tj ET Q q 0 0 0 rg BT 355.83 640.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 395.36 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.03 640.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 433.92 640.10 Td (valuations ) Tj ET Q q 0 0 0 rg BT 477.92 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.25 640.10 Td (market ) Tj ET Q q 0 0 0 rg BT 525.90 640.10 Td (volatility ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (can ) Tj ET Q q 0 0 0 rg BT 66.72 628.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 111.22 628.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 141.28 628.10 Td (mer) Tj ET Q q 0 0 0 rg BT 156.65 628.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 172.26 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.55 628.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 236.27 628.10 Td (activity) Tj ET Q q 0 0 0 rg BT 265.62 628.10 Td (. ) Tj ET Q q 0 0 0 rg BT 270.96 628.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 289.36 628.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 318.31 628.10 Td (engaging ) Tj ET Q q 0 0 0 rg BT 357.81 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 368.44 628.10 Td (mer) Tj ET Q q 0 0 0 rg BT 383.80 628.10 Td (gers ) Tj ET Q q 0 0 0 rg BT 403.31 628.10 Td (and ) Tj ET Q q 0 0 0 rg BT 420.60 628.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 471.22 628.10 Td (often ) Tj ET Q q 0 0 0 rg BT 494.61 628.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 513.00 628.10 Td (on ) Tj ET Q q 0 0 0 rg BT 525.85 628.10 Td (access ) Tj ET Q q 0 0 0 rg BT 554.23 628.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.99 616.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 88.53 616.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 115.85 616.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 142.62 616.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 176.05 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.60 616.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 216.80 616.10 Td (their ) Tj ET Q q 0 0 0 rg BT 236.90 616.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 288.81 616.10 Td (The ) Tj ET Q q 0 0 0 rg BT 306.13 616.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 352.88 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.98 616.10 Td (available ) Tj ET Q q 0 0 0 rg BT 400.85 616.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 425.39 616.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.60 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.59 616.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 493.47 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.57 616.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 530.34 616.10 Td (markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (can ) Tj ET Q q 0 0 0 rg BT 65.72 604.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 105.87 604.10 Td (af) Tj ET Q q 0 0 0 rg BT 113.46 604.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 130.28 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.34 604.10 Td (size, ) Tj ET Q q 0 0 0 rg BT 164.22 604.10 Td (volume, ) Tj ET Q q 0 0 0 rg BT 198.55 604.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 226.51 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.78 604.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 270.17 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.34 604.10 Td (our ) Tj ET Q q 0 0 0 rg BT 295.51 604.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 323.45 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.07 604.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 383.78 604.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 422.27 604.10 Td (mer) Tj ET Q q 0 0 0 rg BT 437.64 604.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 452.25 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.52 604.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 514.24 604.10 Td (transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.20 592.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 106.27 592.10 Td (af) Tj ET Q q 0 0 0 rg BT 113.86 592.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 130.61 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 145.70 592.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 181.90 592.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 220.05 592.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 274.29 592.10 Td (market ) Tj ET Q q 0 0 0 rg BT 303.82 592.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 341.69 592.10 Td (also ) Tj ET Q q 0 0 0 rg BT 359.56 592.10 Td (af) Tj ET Q q 0 0 0 rg BT 367.14 592.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 387.78 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 402.87 592.10 Td (clients) Tj ET Q q 0 0 0 rg BT 431.56 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 433.32 592.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 460.63 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.83 592.10 Td (willingness ) Tj ET Q q 0 0 0 rg BT 524.15 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.69 592.10 Td (engage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 580.10 Td (stock-for) Tj ET Q q 0 0 0 rg BT 96.18 580.10 Td (-stock ) Tj ET Q q 0 0 0 rg BT 123.12 580.10 Td (transactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 559.10 Td (While ) Tj ET Q q 0 0 0 rg BT 89.05 559.10 Td (we ) Tj ET Q q 0 0 0 rg BT 103.34 559.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 135.38 559.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.78 559.10 Td (North ) Tj ET Q q 0 0 0 rg BT 171.15 559.10 Td (America, ) Tj ET Q q 0 0 0 rg BT 210.70 559.10 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 244.12 559.10 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 285.31 559.10 Td (Asia ) Tj ET Q q 0 0 0 rg BT 306.27 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.33 559.10 Td (Brazil, ) Tj ET Q q 0 0 0 rg BT 352.88 559.10 Td (our ) Tj ET Q q 0 0 0 rg BT 368.83 559.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 413.11 559.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.51 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.35 559.10 Td (UnitedStates ) Tj ET Q q 0 0 0 rg BT 494.57 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.63 559.10 Td (Europe ) Tj ET Q q 0 0 0 rg BT 543.13 559.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 97.85 547.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 136.26 547.10 Td (most ) Tj ET Q q 0 0 0 rg BT 158.57 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.76 547.10 Td (our ) Tj ET Q q 0 0 0 rg BT 185.95 547.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 224.35 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.65 547.10 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 280.89 547.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.75 547.10 Td (Consequently) Tj ET Q q 0 0 0 rg BT 338.10 547.10 Td (, ) Tj ET Q q 0 0 0 rg BT 343.46 547.10 Td (our ) Tj ET Q q 0 0 0 rg BT 359.65 547.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 398.05 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.35 547.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 465.98 547.10 Td (are ) Tj ET Q q 0 0 0 rg BT 481.04 547.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 530.00 547.10 Td (af) Tj ET Q q 0 0 0 rg BT 537.58 547.10 Td (fected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 535.10 Td (market ) Tj ET Q q 0 0 0 rg BT 92.76 535.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 136.93 535.10 Td (in ) Tj ET Q q 0 0 0 rg BT 147.21 535.10 Td (these ) Tj ET Q q 0 0 0 rg BT 170.25 535.10 Td (locations. ) Tj ET Q q 0 0 0 rg BT 211.36 535.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 514.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.15 514.10 Td (e face strong competition from far larger firms and other independent firms, which could adversely af) Tj ET Q q 0 0 0 rg BT 488.85 514.10 Td (fect our market ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 502.10 Td (share of the advisory business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 481.10 Td (The ) Tj ET Q q 0 0 0 rg BT 79.86 481.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 126.06 481.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 160.59 481.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 195.68 481.10 Td (is ) Tj ET Q q 0 0 0 rg BT 204.67 481.10 Td (intensely ) Tj ET Q q 0 0 0 rg BT 243.08 481.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 292.61 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.36 481.10 Td (we ) Tj ET Q q 0 0 0 rg BT 323.33 481.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 351.74 481.10 Td (it ) Tj ET Q q 0 0 0 rg BT 359.61 481.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.71 481.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 399.78 481.10 Td (so. ) Tj ET Q q 0 0 0 rg BT 413.32 481.10 Td (W) Tj ET Q q 0 0 0 rg BT 421.96 481.10 Td (e ) Tj ET Q q 0 0 0 rg BT 428.71 481.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 464.90 481.10 Td (on ) Tj ET Q q 0 0 0 rg BT 477.21 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.74 481.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 514.06 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.70 481.10 Td (a ) Tj ET Q q 0 0 0 rg BT 531.46 481.10 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.51 469.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 92.41 469.10 Td (including ) Tj ET Q q 0 0 0 rg BT 132.36 469.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.76 469.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 176.72 469.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.24 469.10 Td (our ) Tj ET Q q 0 0 0 rg BT 202.75 469.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 231.03 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.65 469.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 280.65 469.10 Td (innovation, ) Tj ET Q q 0 0 0 rg BT 328.11 469.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 370.83 469.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.46 469.10 Td (price. ) Tj ET Q q 0 0 0 rg BT 412.13 469.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.15 469.10 Td (W) Tj ET Q q 0 0 0 rg BT 422.79 469.10 Td (e ) Tj ET Q q 0 0 0 rg BT 429.41 469.10 Td (may ) Tj ET Q q 0 0 0 rg BT 448.81 469.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 494.30 469.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 524.81 469.10 Td (pressures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.89 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.22 457.10 Td (future ) Tj ET Q q 0 0 0 rg BT 100.21 457.10 Td (if ) Tj ET Q q 0 0 0 rg BT 108.43 457.10 Td (some ) Tj ET Q q 0 0 0 rg BT 131.65 457.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.09 457.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.53 457.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 206.86 457.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 226.74 457.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.63 457.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 263.73 457.10 Td (market ) Tj ET Q q 0 0 0 rg BT 293.61 457.10 Td (share ) Tj ET Q q 0 0 0 rg BT 316.82 457.10 Td (by ) Tj ET Q q 0 0 0 rg BT 328.93 457.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 366.03 457.10 Td (prices. ) Tj ET Q q 0 0 0 rg BT 394.36 457.10 Td (W) Tj ET Q q 0 0 0 rg BT 403.00 457.10 Td (e ) Tj ET Q q 0 0 0 rg BT 409.55 457.10 Td (are ) Tj ET Q q 0 0 0 rg BT 423.87 457.10 Td (a ) Tj ET Q q 0 0 0 rg BT 430.42 457.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 470.29 457.10 Td (small ) Tj ET Q q 0 0 0 rg BT 494.07 457.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 540.06 457.10 Td (bank, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.69 445.10 Td (350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.69 445.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 133.87 445.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 177.88 445.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 220.23 445.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 258.12 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.47 445.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 302.82 445.10 Td (advisors\) ) Tj ET Q q 0 0 0 rg BT 342.39 445.10 Td (as ) Tj ET Q q 0 0 0 rg BT 353.64 445.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.88 445.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 423.87 445.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.87 445.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.79 445.10 Td (and ) Tj ET Q q 0 0 0 rg BT 464.14 445.10 Td (total ) Tj ET Q q 0 0 0 rg BT 484.82 445.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 523.27 445.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.51 445.10 Td ($261.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 82.00 433.10 Td (for ) Tj ET Q q 0 0 0 rg BT 96.77 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.10 433.10 Td (year ) Tj ET Q q 0 0 0 rg BT 132.42 433.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.40 433.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 218.60 433.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.60 433.10 Td (. ) Tj ET Q q 0 0 0 rg BT 244.21 433.10 Td (Most ) Tj ET Q q 0 0 0 rg BT 267.88 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.32 433.10 Td (our ) Tj ET Q q 0 0 0 rg BT 295.76 433.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 346.08 433.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.97 433.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.30 433.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 419.29 433.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 454.62 433.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 490.51 433.10 Td (have ) Tj ET Q q 0 0 0 rg BT 512.50 433.10 Td (a ) Tj ET Q q 0 0 0 rg BT 520.04 433.10 Td (far ) Tj ET Q q 0 0 0 rg BT 534.25 433.10 Td (greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (range ) Tj ET Q q 0 0 0 rg BT 74.58 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.28 421.10 Td (products ) Tj ET Q q 0 0 0 rg BT 122.09 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.91 421.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 175.99 421.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 206.11 421.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 243.47 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.28 421.10 Td (marketing ) Tj ET Q q 0 0 0 rg BT 303.19 421.10 Td (resources, ) Tj ET Q q 0 0 0 rg BT 345.83 421.10 Td (lar) Tj ET Q q 0 0 0 rg BT 356.19 421.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 371.33 421.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 410.36 421.10 Td (bases, ) Tj ET Q q 0 0 0 rg BT 436.89 421.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 467.02 421.10 Td (name ) Tj ET Q q 0 0 0 rg BT 491.05 421.10 Td (recognition, ) Tj ET Q q 0 0 0 rg BT 541.46 421.10 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 92.15 409.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 129.86 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.35 409.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 164.17 409.10 Td (clients' ) Tj ET Q q 0 0 0 rg BT 194.79 409.10 Td (needs, ) Tj ET Q q 0 0 0 rg BT 222.78 409.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 253.25 409.10 Td (global ) Tj ET Q q 0 0 0 rg BT 280.97 409.10 Td (reach ) Tj ET Q q 0 0 0 rg BT 305.33 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.49 409.10 Td (broader ) Tj ET Q q 0 0 0 rg BT 355.75 409.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 409.57 409.10 Td (with ) Tj ET Q q 0 0 0 rg BT 430.07 409.10 Td (current ) Tj ET Q q 0 0 0 rg BT 461.10 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.26 409.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 515.97 409.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 544.79 409.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.97 397.10 Td (have. ) Tj ET Q q 0 0 0 rg BT 89.42 397.10 Td (These ) Tj ET Q q 0 0 0 rg BT 116.60 397.10 Td (lar) Tj ET Q q 0 0 0 rg BT 126.97 397.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 143.05 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.80 397.10 Td (better ) Tj ET Q q 0 0 0 rg BT 186.87 397.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 233.48 397.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 284.01 397.10 Td (may ) Tj ET Q q 0 0 0 rg BT 304.53 397.10 Td (be ) Tj ET Q q 0 0 0 rg BT 317.28 397.10 Td (better ) Tj ET Q q 0 0 0 rg BT 343.35 397.10 Td (able ) Tj ET Q q 0 0 0 rg BT 363.32 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.41 397.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 409.38 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.46 397.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 455.98 397.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.07 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.59 397.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 529.79 397.10 Td (banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 83.45 385.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.42 385.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 131.49 385.10 Td (for ) Tj ET Q q 0 0 0 rg BT 146.34 385.10 Td (skilled ) Tj ET Q q 0 0 0 rg BT 176.19 385.10 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 234.65 385.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.62 385.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 278.24 385.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 331.70 385.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.67 385.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 364.19 385.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 397.92 385.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 429.45 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.08 385.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.04 385.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 495.11 385.10 Td (for ) Tj ET Q q 0 0 0 rg BT 509.96 385.10 Td (market ) Tj ET Q q 0 0 0 rg BT 540.91 385.10 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (generally) Tj ET Q q 0 0 0 rg BT 86.55 373.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 352.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 79.58 352.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 121.59 352.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 167.50 352.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 201.75 352.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 250.99 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.46 352.10 Td (other ) Tj ET Q q 0 0 0 rg BT 290.04 352.10 Td (lar) Tj ET Q q 0 0 0 rg BT 300.41 352.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 311.88 352.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 361.10 352.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 388.96 352.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 429.31 352.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 474.10 352.10 Td (and ) Tj ET Q q 0 0 0 rg BT 490.57 352.10 Td (other ) Tj ET Q q 0 0 0 rg BT 513.15 352.10 Td (broad-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 88.16 340.10 Td (services ) Tj ET Q q 0 0 0 rg BT 123.55 340.10 Td (firms ) Tj ET Q q 0 0 0 rg BT 147.84 340.10 Td (that ) Tj ET Q q 0 0 0 rg BT 166.02 340.10 Td (have ) Tj ET Q q 0 0 0 rg BT 188.08 340.10 Td (established ) Tj ET Q q 0 0 0 rg BT 235.70 340.10 Td (or ) Tj ET Q q 0 0 0 rg BT 247.21 340.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 284.82 340.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 322.98 340.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 360.60 340.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 399.32 340.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.94 340.10 Td (broker) Tj ET Q q 0 0 0 rg BT 442.83 340.10 Td (-dealers ) Tj ET Q q 0 0 0 rg BT 477.66 340.10 Td (or ) Tj ET Q q 0 0 0 rg BT 489.18 340.10 Td (have ) Tj ET Q q 0 0 0 rg BT 511.24 340.10 Td (mer) Tj ET Q q 0 0 0 rg BT 526.60 340.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 544.22 340.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.10 Td (other ) Tj ET Q q 0 0 0 rg BT 72.32 328.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 109.08 328.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 155.31 328.10 Td (have ) Tj ET Q q 0 0 0 rg BT 175.96 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.95 328.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 217.28 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.83 328.10 Td (of) Tj ET Q q 0 0 0 rg BT 234.98 328.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 247.85 328.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.06 328.10 Td (wide ) Tj ET Q q 0 0 0 rg BT 275.28 328.10 Td (range ) Tj ET Q q 0 0 0 rg BT 299.26 328.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.37 328.10 Td (products, ) Tj ET Q q 0 0 0 rg BT 348.08 328.10 Td (from ) Tj ET Q q 0 0 0 rg BT 369.29 328.10 Td (loans, ) Tj ET Q q 0 0 0 rg BT 394.68 328.10 Td (deposit-taking ) Tj ET Q q 0 0 0 rg BT 453.66 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.88 328.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 509.97 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.52 328.10 Td (brokerage, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (hedging, ) Tj ET Q q 0 0 0 rg BT 87.41 316.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 118.98 316.10 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 161.93 316.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 184.06 316.10 Td (management ) Tj ET Q q 0 0 0 rg BT 237.85 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.98 316.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 301.56 316.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 336.47 316.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 373.87 316.10 Td (which ) Tj ET Q q 0 0 0 rg BT 401.00 316.10 Td (may ) Tj ET Q q 0 0 0 rg BT 420.91 316.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 456.36 316.10 Td (their ) Tj ET Q q 0 0 0 rg BT 477.38 316.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 527.28 316.10 Td (position. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (Their ) Tj ET Q q 0 0 0 rg BT 73.77 304.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 101.44 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.33 304.10 Td (support ) Tj ET Q q 0 0 0 rg BT 143.45 304.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 189.45 304.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 223.78 304.10 Td (with ) Tj ET Q q 0 0 0 rg BT 243.67 304.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 292.99 304.10 Td (banking, ) Tj ET Q q 0 0 0 rg BT 329.82 304.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 370.25 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.80 304.10 Td (other ) Tj ET Q q 0 0 0 rg BT 409.47 304.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 446.56 304.10 Td (services ) Tj ET Q q 0 0 0 rg BT 480.88 304.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 518.54 304.10 Td (in ) Tj ET Q q 0 0 0 rg BT 528.43 304.10 Td (an ) Tj ET Q q 0 0 0 rg BT 539.99 304.10 Td (ef) Tj ET Q q 0 0 0 rg BT 547.57 304.10 Td (fort ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.73 292.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 80.90 292.10 Td (market ) Tj ET Q q 0 0 0 rg BT 111.61 292.10 Td (share ) Tj ET Q q 0 0 0 rg BT 135.66 292.10 Td (could ) Tj ET Q q 0 0 0 rg BT 160.83 292.10 Td (result ) Tj ET Q q 0 0 0 rg BT 186.00 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.73 292.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 228.01 292.10 Td (pressure ) Tj ET Q q 0 0 0 rg BT 264.28 292.10 Td (in ) Tj ET Q q 0 0 0 rg BT 275.01 292.10 Td (our ) Tj ET Q q 0 0 0 rg BT 291.29 292.10 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 338.96 292.10 Td (In ) Tj ET Q q 0 0 0 rg BT 350.25 292.10 Td (particular) Tj ET Q q 0 0 0 rg BT 388.16 292.10 Td (, ) Tj ET Q q 0 0 0 rg BT 393.61 292.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.78 292.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 437.28 292.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.01 292.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 481.51 292.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 522.22 292.10 Td (as ) Tj ET Q q 0 0 0 rg BT 533.51 292.10 Td (well ) Tj ET Q q 0 0 0 rg BT 553.67 292.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 87.06 280.10 Td (services ) Tj ET Q q 0 0 0 rg BT 121.89 280.10 Td (has ) Tj ET Q q 0 0 0 rg BT 137.85 280.10 Td (become ) Tj ET Q q 0 0 0 rg BT 171.57 280.10 Td (an ) Tj ET Q q 0 0 0 rg BT 183.63 280.10 Td (important ) Tj ET Q q 0 0 0 rg BT 225.14 280.10 Td (advantage ) Tj ET Q q 0 0 0 rg BT 268.29 280.10 Td (for ) Tj ET Q q 0 0 0 rg BT 282.58 280.10 Td (some ) Tj ET Q q 0 0 0 rg BT 306.31 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.27 280.10 Td (our ) Tj ET Q q 0 0 0 rg BT 333.22 280.10 Td (lar) Tj ET Q q 0 0 0 rg BT 343.59 280.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 358.98 280.10 Td (competitors, ) Tj ET Q q 0 0 0 rg BT 411.32 280.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.38 280.10 Td (because ) Tj ET Q q 0 0 0 rg BT 462.65 280.10 Td (we ) Tj ET Q q 0 0 0 rg BT 476.93 280.10 Td (are ) Tj ET Q q 0 0 0 rg BT 491.77 280.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 521.04 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.45 280.10 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.83 268.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 113.59 268.10 Td (we ) Tj ET Q q 0 0 0 rg BT 127.75 268.10 Td (may ) Tj ET Q q 0 0 0 rg BT 147.47 268.10 Td (be ) Tj ET Q q 0 0 0 rg BT 159.41 268.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 188.56 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.84 268.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 235.21 268.10 Td (for ) Tj ET Q q 0 0 0 rg BT 249.38 268.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 286.31 268.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 314.92 268.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.20 268.10 Td (a ) Tj ET Q q 0 0 0 rg BT 332.13 268.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 376.85 268.10 Td (part ) Tj ET Q q 0 0 0 rg BT 394.89 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.72 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.44 268.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 457.38 268.10 Td (market. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 247.10 Td (In ) Tj ET Q q 0 0 0 rg BT 72.40 247.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 107.25 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.10 247.10 Td (our ) Tj ET Q q 0 0 0 rg BT 132.50 247.10 Td (lar) Tj ET Q q 0 0 0 rg BT 142.87 247.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 157.71 247.10 Td (competitors, ) Tj ET Q q 0 0 0 rg BT 209.50 247.10 Td (a ) Tj ET Q q 0 0 0 rg BT 216.01 247.10 Td (number ) Tj ET Q q 0 0 0 rg BT 248.63 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.03 247.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 309.97 247.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 355.93 247.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 381.33 247.10 Td (of) Tj ET Q q 0 0 0 rg BT 389.48 247.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 402.65 247.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 453.60 247.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 490.11 247.10 Td (services ) Tj ET Q q 0 0 0 rg BT 524.39 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.90 247.10 Td (some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.09 235.10 Td (these ) Tj ET Q q 0 0 0 rg BT 84.39 235.10 Td (firms ) Tj ET Q q 0 0 0 rg BT 108.26 235.10 Td (are ) Tj ET Q q 0 0 0 rg BT 123.23 235.10 Td (lar) Tj ET Q q 0 0 0 rg BT 133.59 235.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 149.12 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.32 235.10 Td (have ) Tj ET Q q 0 0 0 rg BT 187.95 235.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 218.47 235.10 Td (general ) Tj ET Q q 0 0 0 rg BT 250.65 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.85 235.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 303.38 235.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 337.24 235.10 Td (coverage ) Tj ET Q q 0 0 0 rg BT 376.08 235.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 416.60 235.10 Td (than ) Tj ET Q q 0 0 0 rg BT 436.57 235.10 Td (we ) Tj ET Q q 0 0 0 rg BT 450.99 235.10 Td (do. ) Tj ET Q q 0 0 0 rg BT 466.25 235.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.01 235.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 524.25 235.10 Td (a ) Tj ET Q q 0 0 0 rg BT 531.45 235.10 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.97 223.10 Td (such ) Tj ET Q q 0 0 0 rg BT 81.95 223.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 133.46 223.10 Td (firms ) Tj ET Q q 0 0 0 rg BT 157.21 223.10 Td (are ) Tj ET Q q 0 0 0 rg BT 172.06 223.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 207.48 223.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 235.11 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.19 223.10 Td (may ) Tj ET Q q 0 0 0 rg BT 272.05 223.10 Td (have ) Tj ET Q q 0 0 0 rg BT 293.57 223.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 323.97 223.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 361.59 223.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 401.99 223.10 Td (than ) Tj ET Q q 0 0 0 rg BT 421.85 223.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 435.89 223.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.95 223.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 487.85 223.10 Td (, ) Tj ET Q q 0 0 0 rg BT 492.99 223.10 Td (over ) Tj ET Q q 0 0 0 rg BT 513.40 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.26 223.10 Td (past ) Tj ET Q q 0 0 0 rg BT 547.01 223.10 Td (few ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 76.64 211.10 Td (there ) Tj ET Q q 0 0 0 rg BT 99.66 211.10 Td (has ) Tj ET Q q 0 0 0 rg BT 116.03 211.10 Td (been ) Tj ET Q q 0 0 0 rg BT 137.94 211.10 Td (an ) Tj ET Q q 0 0 0 rg BT 150.42 211.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 186.21 211.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.02 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.28 211.10 Td (number ) Tj ET Q q 0 0 0 rg BT 245.86 211.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.23 211.10 Td (newly ) Tj ET Q q 0 0 0 rg BT 284.70 211.10 Td (formed ) Tj ET Q q 0 0 0 rg BT 316.62 211.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 368.53 211.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 406.00 211.10 Td (firms, ) Tj ET Q q 0 0 0 rg BT 432.65 211.10 Td (some ) Tj ET Q q 0 0 0 rg BT 456.79 211.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.16 211.10 Td (which ) Tj ET Q q 0 0 0 rg BT 495.63 211.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 529.22 211.10 Td (industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 84.02 199.10 Td (advice. ) Tj ET Q q 0 0 0 rg BT 115.55 199.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 140.70 199.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 192.50 199.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 229.87 199.10 Td (firms ) Tj ET Q q 0 0 0 rg BT 253.91 199.10 Td (require ) Tj ET Q q 0 0 0 rg BT 285.16 199.10 Td (minimal ) Tj ET Q q 0 0 0 rg BT 321.42 199.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 351.00 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.71 199.10 Td (operate, ) Tj ET Q q 0 0 0 rg BT 396.56 199.10 Td (there ) Tj ET Q q 0 0 0 rg BT 419.48 199.10 Td (are ) Tj ET Q q 0 0 0 rg BT 434.62 199.10 Td (few ) Tj ET Q q 0 0 0 rg BT 452.54 199.10 Td (obstacles ) Tj ET Q q 0 0 0 rg BT 492.13 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.84 199.10 Td (forming ) Tj ET Q q 0 0 0 rg BT 537.98 199.10 Td (a ) Tj ET Q q 0 0 0 rg BT 545.35 199.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (firm. ) Tj ET Q q 0 0 0 rg BT 72.01 187.10 Td ( ) Tj ET Q q 0 0 0 rg BT 73.80 187.10 Td (As ) Tj ET Q q 0 0 0 rg BT 87.20 187.10 Td (these ) Tj ET Q q 0 0 0 rg BT 110.04 187.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 161.21 187.10 Td (firms ) Tj ET Q q 0 0 0 rg BT 184.61 187.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 204.67 187.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.74 187.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 234.25 187.10 Td (market ) Tj ET Q q 0 0 0 rg BT 264.30 187.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 290.19 187.10 Td (our ) Tj ET Q q 0 0 0 rg BT 305.82 187.10 Td (share ) Tj ET Q q 0 0 0 rg BT 329.21 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.83 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.34 187.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 391.07 187.10 Td (business ) Tj ET Q q 0 0 0 rg BT 427.26 187.10 Td (could ) Tj ET Q q 0 0 0 rg BT 451.76 187.10 Td (diminish ) Tj ET Q q 0 0 0 rg BT 489.06 187.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.79 187.10 Td (there ) Tj ET Q q 0 0 0 rg BT 528.07 187.10 Td (could ) Tj ET Q q 0 0 0 rg BT 552.58 187.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 80.83 175.10 Td (pressure, ) Tj ET Q q 0 0 0 rg BT 119.15 175.10 Td (which ) Tj ET Q q 0 0 0 rg BT 146.08 175.10 Td (would ) Tj ET Q q 0 0 0 rg BT 173.58 175.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 214.40 175.10 Td (af) Tj ET Q q 0 0 0 rg BT 221.99 175.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 239.47 175.10 Td (our ) Tj ET Q q 0 0 0 rg BT 255.30 175.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 293.34 175.10 Td (and ) Tj ET Q q 0 0 0 rg BT 310.28 175.10 Td (earnings. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 154.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 81.70 154.10 Td (future ) Tj ET Q q 0 0 0 rg BT 110.29 154.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 142.22 154.10 Td (is ) Tj ET Q q 0 0 0 rg BT 151.91 154.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 197.16 154.10 Td (on ) Tj ET Q q 0 0 0 rg BT 210.74 154.10 Td (both ) Tj ET Q q 0 0 0 rg BT 232.11 154.10 Td (our ) Tj ET Q q 0 0 0 rg BT 249.59 154.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 278.17 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.97 154.10 Td (identify) Tj ET Q q 0 0 0 rg BT 319.71 154.10 Td (, ) Tj ET Q q 0 0 0 rg BT 325.23 154.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 354.92 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.51 154.10 Td (hire ) Tj ET Q q 0 0 0 rg BT 393.21 154.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 437.91 154.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 482.61 154.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 521.75 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.34 154.10 Td (other ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (professionals ) Tj ET Q q 0 0 0 rg BT 106.95 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.01 142.10 Td (our ) Tj ET Q q 0 0 0 rg BT 141.97 142.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 170.02 142.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.30 142.10 Td (identify) Tj ET Q q 0 0 0 rg BT 211.03 142.10 Td (, ) Tj ET Q q 0 0 0 rg BT 216.03 142.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 249.64 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.70 142.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 319.64 142.10 Td (integrate ) Tj ET Q q 0 0 0 rg BT 358.80 142.10 Td (complementary ) Tj ET Q q 0 0 0 rg BT 424.62 142.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 461.56 142.10 Td (businesses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 121.10 Td (The ) Tj ET Q q 0 0 0 rg BT 80.18 121.10 Td (future ) Tj ET Q q 0 0 0 rg BT 106.69 121.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 137.65 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.61 121.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.57 121.10 Td (business ) Tj ET Q q 0 0 0 rg BT 201.09 121.10 Td (is ) Tj ET Q q 0 0 0 rg BT 210.39 121.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 254.12 121.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 276.75 121.10 Td (our ) Tj ET Q q 0 0 0 rg BT 292.71 121.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 320.89 121.10 Td (both ) Tj ET Q q 0 0 0 rg BT 341.30 121.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.71 121.10 Td (recruit ) Tj ET Q q 0 0 0 rg BT 380.43 121.10 Td (new ) Tj ET Q q 0 0 0 rg BT 399.72 121.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 443.73 121.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 478.02 121.10 Td (our ) Tj ET Q q 0 0 0 rg BT 493.98 121.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 528.28 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 545.34 121.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 91.25 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.06 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.21 109.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 149.46 109.10 Td (through ) Tj ET Q q 0 0 0 rg BT 182.94 109.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 219.18 109.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 269.33 109.10 Td (or ) Tj ET Q q 0 0 0 rg BT 280.03 109.10 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 332.68 109.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.88 109.10 Td (T) Tj ET Q q 0 0 0 rg BT 340.29 109.10 Td (o ) Tj ET Q q 0 0 0 rg BT 347.66 109.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 398.91 109.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 434.03 109.10 Td (our ) Tj ET Q q 0 0 0 rg BT 449.74 109.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 493.20 109.10 Td (we ) Tj ET Q q 0 0 0 rg BT 507.23 109.10 Td (must ) Tj ET Q q 0 0 0 rg BT 529.05 109.10 Td (identify) Tj ET Q q 0 0 0 rg BT 559.51 109.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 77.16 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 93.78 97.10 Td (hire ) Tj ET Q q 0 0 0 rg BT 111.51 97.10 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 168.96 97.10 Td (or ) Tj ET Q q 0 0 0 rg BT 179.47 97.10 Td (teams ) Tj ET Q q 0 0 0 rg BT 204.98 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.49 97.10 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 272.94 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.90 97.10 Td (join ) Tj ET Q q 0 0 0 rg BT 300.64 97.10 Td (our ) Tj ET Q q 0 0 0 rg BT 316.15 97.10 Td (firm, ) Tj ET Q q 0 0 0 rg BT 338.05 97.10 Td (who ) Tj ET Q q 0 0 0 rg BT 357.45 97.10 Td (not ) Tj ET Q q 0 0 0 rg BT 372.41 97.10 Td (only ) Tj ET Q q 0 0 0 rg BT 392.37 97.10 Td (will ) Tj ET Q q 0 0 0 rg BT 410.11 97.10 Td (be ) Tj ET Q q 0 0 0 rg BT 421.73 97.10 Td (able ) Tj ET Q q 0 0 0 rg BT 440.57 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.53 97.10 Td (function ) Tj ET Q q 0 0 0 rg BT 486.04 97.10 Td (as ) Tj ET Q q 0 0 0 rg BT 496.55 97.10 Td (a ) Tj ET Q q 0 0 0 rg BT 503.17 97.10 Td (trusted ) Tj ET Q q 0 0 0 rg BT 532.57 97.10 Td (advisor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.90 85.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.35 85.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 103.58 85.10 Td (without ) Tj ET Q q 0 0 0 rg BT 136.25 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.59 85.10 Td (support ) Tj ET Q q 0 0 0 rg BT 182.71 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.17 85.10 Td (a ) Tj ET Q q 0 0 0 rg BT 199.73 85.10 Td (lar) Tj ET Q q 0 0 0 rg BT 210.09 85.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 221.65 85.10 Td (suite ) Tj ET Q q 0 0 0 rg BT 242.66 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.11 85.10 Td (products ) Tj ET Q q 0 0 0 rg BT 289.67 85.10 Td (but ) Tj ET Q q 0 0 0 rg BT 304.57 85.10 Td (also ) Tj ET Q q 0 0 0 rg BT 322.80 85.10 Td (will ) Tj ET Q q 0 0 0 rg BT 340.48 85.10 Td (be ) Tj ET Q q 0 0 0 rg BT 352.04 85.10 Td (able ) Tj ET Q q 0 0 0 rg BT 370.82 85.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.72 85.10 Td (fit ) Tj ET Q q 0 0 0 rg BT 391.73 85.10 Td (into ) Tj ET Q q 0 0 0 rg BT 409.40 85.10 Td (our ) Tj ET Q q 0 0 0 rg BT 424.86 85.10 Td (collegial ) Tj ET Q q 0 0 0 rg BT 461.41 85.10 Td (culture. ) Tj ET Q q 0 0 0 rg BT 493.79 85.10 Td ( ) Tj ET Q q 0 0 0 rg BT 495.76 85.10 Td (The ) Tj ET Q q 0 0 0 rg BT 513.43 85.10 Td (recruitment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (development ) Tj ET Q q 0 0 0 rg BT 104.14 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.07 73.10 Td (training ) Tj ET Q q 0 0 0 rg BT 154.67 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.49 73.10 Td (professionals ) Tj ET Q q 0 0 0 rg BT 220.75 73.10 Td (require ) Tj ET Q q 0 0 0 rg BT 251.56 73.10 Td (lar) Tj ET Q q 0 0 0 rg BT 261.92 73.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 273.85 73.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 330.78 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.60 73.10 Td (time ) Tj ET Q q 0 0 0 rg BT 361.87 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.80 73.10 Td (resources. ) Tj ET Q q 0 0 0 rg BT 421.55 73.10 Td (It ) Tj ET Q q 0 0 0 rg BT 430.15 73.10 Td (may ) Tj ET Q q 0 0 0 rg BT 449.86 73.10 Td (take ) Tj ET Q q 0 0 0 rg BT 469.01 73.10 Td (a ) Tj ET Q q 0 0 0 rg BT 475.94 73.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 521.20 73.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 553.69 73.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (time ) Tj ET Q q 0 0 0 rg BT 71.61 61.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.22 61.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 127.03 61.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 163.07 61.10 Td (new ) Tj ET Q q 0 0 0 rg BT 183.56 61.10 Td (professionals ) Tj ET Q q 0 0 0 rg BT 240.17 61.10 Td (will ) Tj ET Q q 0 0 0 rg BT 259.56 61.10 Td (be ) Tj ET Q q 0 0 0 rg BT 272.83 61.10 Td (ef) Tj ET Q q 0 0 0 rg BT 280.42 61.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 311.45 61.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 332.22 61.10 Td (during ) Tj ET Q q 0 0 0 rg BT 362.16 61.10 Td (that ) Tj ET Q q 0 0 0 rg BT 380.99 61.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 405.10 61.10 Td (we ) Tj ET Q q 0 0 0 rg BT 420.59 61.10 Td (may ) Tj ET Q q 0 0 0 rg BT 441.64 61.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 466.02 61.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 512.07 61.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 552.00 61.10 Td (on ) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 31.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 31.60 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 111.28 742.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 157.83 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.51 742.10 Td (business ) Tj ET Q q 0 0 0 rg BT 212.64 742.10 Td (development ) Tj ET Q q 0 0 0 rg BT 267.52 742.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 309.36 742.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 365.08 742.10 Td (there ) Tj ET Q q 0 0 0 rg BT 388.30 742.10 Td (can ) Tj ET Q q 0 0 0 rg BT 405.42 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 418.09 742.10 Td (no ) Tj ET Q q 0 0 0 rg BT 431.33 742.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 469.54 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 487.78 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 504.34 742.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 546.46 742.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 84.16 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.87 730.10 Td (skills ) Tj ET Q q 0 0 0 rg BT 122.49 730.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 163.86 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.14 730.10 Td (advise ) Tj ET Q q 0 0 0 rg BT 202.18 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.01 730.10 Td (client ) Tj ET Q q 0 0 0 rg BT 242.72 730.10 Td (base ) Tj ET Q q 0 0 0 rg BT 262.99 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.82 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 291.32 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 305.48 730.10 Td (will ) Tj ET Q q 0 0 0 rg BT 323.54 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 335.47 730.10 Td (able ) Tj ET Q q 0 0 0 rg BT 354.63 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.91 730.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 390.17 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.89 730.10 Td (high ) Tj ET Q q 0 0 0 rg BT 425.17 730.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 466.54 730.10 Td (personnel.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 709.10 Td (In ) Tj ET Q q 0 0 0 rg BT 72.43 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.76 709.10 Td (event ) Tj ET Q q 0 0 0 rg BT 110.52 709.10 Td (we ) Tj ET Q q 0 0 0 rg BT 124.28 709.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 146.94 709.10 Td (by ) Tj ET Q q 0 0 0 rg BT 159.04 709.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 195.02 709.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 241.00 709.10 Td (or ) Tj ET Q q 0 0 0 rg BT 251.44 709.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 299.92 709.10 Td (we ) Tj ET Q q 0 0 0 rg BT 313.69 709.10 Td (face ) Tj ET Q q 0 0 0 rg BT 332.44 709.10 Td (numerous ) Tj ET Q q 0 0 0 rg BT 373.98 709.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 394.98 709.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.52 709.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 464.71 709.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 494.59 709.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.48 709.10 Td (those ) Tj ET Q q 0 0 0 rg BT 527.69 709.10 Td (of ) Tj ET Q q 0 0 0 rg BT 538.12 709.10 Td (hiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.67 697.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 113.34 697.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 153.90 697.10 Td (our ) Tj ET Q q 0 0 0 rg BT 169.47 697.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 212.26 697.10 Td (professionals. ) Tj ET Q q 0 0 0 rg BT 269.60 697.10 Td (W) Tj ET Q q 0 0 0 rg BT 278.24 697.10 Td (e ) Tj ET Q q 0 0 0 rg BT 284.91 697.10 Td (also ) Tj ET Q q 0 0 0 rg BT 303.26 697.10 Td (face ) Tj ET Q q 0 0 0 rg BT 322.14 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.59 697.10 Td (challenge ) Tj ET Q q 0 0 0 rg BT 377.14 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.70 697.10 Td (integrating ) Tj ET Q q 0 0 0 rg BT 433.26 697.10 Td (a ) Tj ET Q q 0 0 0 rg BT 439.94 697.10 Td (lar) Tj ET Q q 0 0 0 rg BT 450.30 697.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 461.98 697.10 Td (number ) Tj ET Q q 0 0 0 rg BT 494.76 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.33 697.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 546.44 697.10 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.76 685.10 Td (global ) Tj ET Q q 0 0 0 rg BT 93.18 685.10 Td (or) Tj ET Q q 0 0 0 rg BT 101.33 685.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 145.41 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.28 685.10 Td (ensuring ) Tj ET Q q 0 0 0 rg BT 199.14 685.10 Td (a ) Tj ET Q q 0 0 0 rg BT 206.01 685.10 Td (good ) Tj ET Q q 0 0 0 rg BT 228.44 685.10 Td (cultural ) Tj ET Q q 0 0 0 rg BT 261.41 685.10 Td (fit. ) Tj ET Q q 0 0 0 rg BT 275.22 685.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.65 685.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 332.28 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.15 685.10 Td (other ) Tj ET Q q 0 0 0 rg BT 372.12 685.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 406.22 685.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 447.52 685.10 Td (will ) Tj ET Q q 0 0 0 rg BT 465.51 685.10 Td (spend ) Tj ET Q q 0 0 0 rg BT 491.27 685.10 Td (considerable ) Tj ET Q q 0 0 0 rg BT 544.23 685.10 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 673.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 107.20 673.10 Td (working ) Tj ET Q q 0 0 0 rg BT 143.03 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.31 673.10 Td (integrate ) Tj ET Q q 0 0 0 rg BT 190.79 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.50 673.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 242.43 673.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 281.32 673.10 Td (which ) Tj ET Q q 0 0 0 rg BT 308.26 673.10 Td (may ) Tj ET Q q 0 0 0 rg BT 327.97 673.10 Td (distract ) Tj ET Q q 0 0 0 rg BT 359.91 673.10 Td (them ) Tj ET Q q 0 0 0 rg BT 382.40 673.10 Td (from ) Tj ET Q q 0 0 0 rg BT 404.34 673.10 Td (other ) Tj ET Q q 0 0 0 rg BT 427.39 673.10 Td (business ) Tj ET Q q 0 0 0 rg BT 463.78 673.10 Td (operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 652.10 Td (If ) Tj ET Q q 0 0 0 rg BT 70.44 652.10 Td (we ) Tj ET Q q 0 0 0 rg BT 83.88 652.10 Td (are ) Tj ET Q q 0 0 0 rg BT 97.86 652.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 126.30 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 135.85 652.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 186.51 652.10 Td (attract, ) Tj ET Q q 0 0 0 rg BT 215.77 652.10 Td (hire ) Tj ET Q q 0 0 0 rg BT 233.10 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.31 652.10 Td (train ) Tj ET Q q 0 0 0 rg BT 269.42 652.10 Td (new ) Tj ET Q q 0 0 0 rg BT 287.86 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.07 652.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 337.52 652.10 Td (professionals ) Tj ET Q q 0 0 0 rg BT 392.06 652.10 Td (or ) Tj ET Q q 0 0 0 rg BT 402.17 652.10 Td (make ) Tj ET Q q 0 0 0 rg BT 425.61 652.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 461.26 652.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 510.81 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.03 652.10 Td (integrate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 640.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 106.09 640.10 Td (into ) Tj ET Q q 0 0 0 rg BT 124.15 640.10 Td (our ) Tj ET Q q 0 0 0 rg BT 139.98 640.10 Td (business ) Tj ET Q q 0 0 0 rg BT 176.37 640.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.31 640.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 218.57 640.10 Td (them, ) Tj ET Q q 0 0 0 rg BT 243.57 640.10 Td (our ) Tj ET Q q 0 0 0 rg BT 259.40 640.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 296.88 640.10 Td (results ) Tj ET Q q 0 0 0 rg BT 325.49 640.10 Td (could ) Tj ET Q q 0 0 0 rg BT 350.21 640.10 Td (suf) Tj ET Q q 0 0 0 rg BT 362.25 640.10 Td (fer) Tj ET Q q 0 0 0 rg BT 372.79 640.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 619.10 Td (Strategic ) Tj ET Q q 0 0 0 rg BT 100.33 619.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 150.32 619.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.54 619.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 221.16 619.10 Td (or ) Tj ET Q q 0 0 0 rg BT 231.71 619.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 263.37 619.10 Td (expansion, ) Tj ET Q q 0 0 0 rg BT 309.76 619.10 Td (may ) Tj ET Q q 0 0 0 rg BT 328.64 619.10 Td (result ) Tj ET Q q 0 0 0 rg BT 353.64 619.10 Td (in ) Tj ET Q q 0 0 0 rg BT 363.64 619.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 406.98 619.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 428.09 619.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.31 619.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 500.87 619.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.87 619.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.98 619.10 Td (business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 598.10 Td (When ) Tj ET Q q 0 0 0 rg BT 88.30 598.10 Td (we ) Tj ET Q q 0 0 0 rg BT 102.39 598.10 Td (make ) Tj ET Q q 0 0 0 rg BT 126.47 598.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 162.76 598.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 212.96 598.10 Td (or ) Tj ET Q q 0 0 0 rg BT 223.71 598.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 276.41 598.10 Td (such ) Tj ET Q q 0 0 0 rg BT 297.17 598.10 Td (as ) Tj ET Q q 0 0 0 rg BT 307.92 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 323.67 598.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 373.87 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.63 598.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 424.28 598.10 Td (Australia ) Tj ET Q q 0 0 0 rg BT 463.36 598.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.22 598.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 520.41 598.10 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 554.22 598.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 91.33 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.45 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.00 586.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 134.23 586.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 176.67 586.10 Td (with ) Tj ET Q q 0 0 0 rg BT 195.79 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.34 586.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 254.00 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.78 586.10 Td (retention ) Tj ET Q q 0 0 0 rg BT 306.66 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.33 586.10 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 359.05 586.10 Td (we ) Tj ET Q q 0 0 0 rg BT 372.05 586.10 Td (face ) Tj ET Q q 0 0 0 rg BT 390.03 586.10 Td (numerous ) Tj ET Q q 0 0 0 rg BT 430.81 586.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 451.04 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 466.82 586.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 519.25 586.10 Td (combining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 574.10 Td (integrating ) Tj ET Q q 0 0 0 rg BT 106.65 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.37 574.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 156.07 574.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 200.79 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.73 574.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 254.40 574.10 Td (including ) Tj ET Q q 0 0 0 rg BT 294.67 574.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 341.04 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.98 574.10 Td (data ) Tj ET Q q 0 0 0 rg BT 377.14 574.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 422.41 574.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 456.58 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.52 574.10 Td (management ) Tj ET Q q 0 0 0 rg BT 527.10 574.10 Td (controls. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 553.10 Td (T) Tj ET Q q 0 0 0 rg BT 67.41 553.10 Td (o ) Tj ET Q q 0 0 0 rg BT 75.34 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.48 553.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 117.85 553.10 Td (that ) Tj ET Q q 0 0 0 rg BT 135.77 553.10 Td (we ) Tj ET Q q 0 0 0 rg BT 150.36 553.10 Td (pursue ) Tj ET Q q 0 0 0 rg BT 179.95 553.10 Td (business ) Tj ET Q q 0 0 0 rg BT 216.77 553.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 272.47 553.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 304.29 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.43 553.10 Td (United ) Tj ET Q q 0 0 0 rg BT 349.58 553.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 378.89 553.10 Td (such ) Tj ET Q q 0 0 0 rg BT 400.15 553.10 Td (as ) Tj ET Q q 0 0 0 rg BT 411.41 553.10 Td (our ) Tj ET Q q 0 0 0 rg BT 427.67 553.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 471.14 553.10 Td (into ) Tj ET Q q 0 0 0 rg BT 489.63 553.10 Td (Brazil, ) Tj ET Q q 0 0 0 rg BT 519.49 553.10 Td (we ) Tj ET Q q 0 0 0 rg BT 534.08 553.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.57 553.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 81.43 541.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.31 541.10 Td (political, ) Tj ET Q q 0 0 0 rg BT 130.69 541.10 Td (economic, ) Tj ET Q q 0 0 0 rg BT 175.16 541.10 Td (legal, ) Tj ET Q q 0 0 0 rg BT 200.20 541.10 Td (operational, ) Tj ET Q q 0 0 0 rg BT 250.79 541.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 294.98 541.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.53 541.10 Td (other ) Tj ET Q q 0 0 0 rg BT 336.18 541.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 358.17 541.10 Td (that ) Tj ET Q q 0 0 0 rg BT 376.27 541.10 Td (are ) Tj ET Q q 0 0 0 rg BT 391.58 541.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 427.45 541.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.34 541.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 479.20 541.10 Td (in ) Tj ET Q q 0 0 0 rg BT 490.09 541.10 Td (a ) Tj ET Q q 0 0 0 rg BT 497.63 541.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 529.61 541.10 Td (country) Tj ET Q q 0 0 0 rg BT 559.51 541.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 529.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.76 529.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 112.63 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.95 529.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 159.71 529.10 Td (nationalization, ) Tj ET Q q 0 0 0 rg BT 224.62 529.10 Td (expropriation, ) Tj ET Q q 0 0 0 rg BT 283.98 529.10 Td (price ) Tj ET Q q 0 0 0 rg BT 306.95 529.10 Td (controls, ) Tj ET Q q 0 0 0 rg BT 344.65 529.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 374.29 529.10 Td (controls, ) Tj ET Q q 0 0 0 rg BT 411.99 529.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 452.73 529.10 Td (controls, ) Tj ET Q q 0 0 0 rg BT 490.43 529.10 Td (inflation ) Tj ET Q q 0 0 0 rg BT 527.29 529.10 Td (controls, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 89.06 517.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 144.21 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.60 517.10 Td (other ) Tj ET Q q 0 0 0 rg BT 185.10 517.10 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 228.04 517.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 285.97 517.10 Td (actions, ) Tj ET Q q 0 0 0 rg BT 319.75 517.10 Td (as ) Tj ET Q q 0 0 0 rg BT 331.03 517.10 Td (well ) Tj ET Q q 0 0 0 rg BT 351.20 517.10 Td (as ) Tj ET Q q 0 0 0 rg BT 362.49 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.66 517.10 Td (outbreak ) Tj ET Q q 0 0 0 rg BT 415.59 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.88 517.10 Td (hostilities. ) Tj ET Q q 0 0 0 rg BT 471.22 517.10 Td (In ) Tj ET Q q 0 0 0 rg BT 482.50 517.10 Td (many ) Tj ET Q q 0 0 0 rg BT 507.67 517.10 Td (countries, ) Tj ET Q q 0 0 0 rg BT 549.78 517.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 70.92 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.96 505.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 134.98 505.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 178.67 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.04 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.85 505.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 241.43 505.10 Td (services ) Tj ET Q q 0 0 0 rg BT 276.23 505.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 317.71 505.10 Td (are ) Tj ET Q q 0 0 0 rg BT 332.51 505.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 372.31 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.34 505.10 Td (evolving, ) Tj ET Q q 0 0 0 rg BT 429.43 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.46 505.10 Td (it ) Tj ET Q q 0 0 0 rg BT 454.61 505.10 Td (may ) Tj ET Q q 0 0 0 rg BT 474.42 505.10 Td (be ) Tj ET Q q 0 0 0 rg BT 486.46 505.10 Td (dif) Tj ET Q q 0 0 0 rg BT 497.38 505.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 521.08 505.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.11 505.10 Td (costly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.94 493.10 Td (us ) Tj ET Q q 0 0 0 rg BT 75.12 493.10 Td (to ) Tj ET Q q 0 0 0 rg BT 85.18 493.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 127.44 493.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.94 493.10 Td (exact ) Tj ET Q q 0 0 0 rg BT 165.32 493.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 219.80 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.42 493.10 Td (local ) Tj ET Q q 0 0 0 rg BT 252.13 493.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 272.74 493.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.81 493.10 Td (every ) Tj ET Q q 0 0 0 rg BT 307.29 493.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 339.84 493.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 357.68 493.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 393.29 493.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.35 493.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 433.40 493.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.46 493.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 491.83 493.10 Td (with ) Tj ET Q q 0 0 0 rg BT 511.89 493.10 Td (local ) Tj ET Q q 0 0 0 rg BT 533.61 493.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 554.22 493.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 481.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 97.76 481.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 129.15 481.10 Td (market ) Tj ET Q q 0 0 0 rg BT 159.42 481.10 Td (could ) Tj ET Q q 0 0 0 rg BT 184.14 481.10 Td (have ) Tj ET Q q 0 0 0 rg BT 205.52 481.10 Td (a ) Tj ET Q q 0 0 0 rg BT 212.47 481.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 257.18 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.13 481.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 310.51 481.10 Td (ef) Tj ET Q q 0 0 0 rg BT 318.10 481.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 335.59 481.10 Td (not ) Tj ET Q q 0 0 0 rg BT 350.87 481.10 Td (only ) Tj ET Q q 0 0 0 rg BT 371.16 481.10 Td (on ) Tj ET Q q 0 0 0 rg BT 383.66 481.10 Td (our ) Tj ET Q q 0 0 0 rg BT 399.50 481.10 Td (businesses ) Tj ET Q q 0 0 0 rg BT 444.23 481.10 Td (in ) Tj ET Q q 0 0 0 rg BT 454.51 481.10 Td (that ) Tj ET Q q 0 0 0 rg BT 472.01 481.10 Td (market ) Tj ET Q q 0 0 0 rg BT 502.28 481.10 Td (but ) Tj ET Q q 0 0 0 rg BT 517.57 481.10 Td (also ) Tj ET Q q 0 0 0 rg BT 536.18 481.10 Td (on ) Tj ET Q q 0 0 0 rg BT 548.69 481.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 93.04 469.10 Td (generally) Tj ET Q q 0 0 0 rg BT 129.59 469.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 448.10 Td (If ) Tj ET Q q 0 0 0 rg BT 71.25 448.10 Td (we ) Tj ET Q q 0 0 0 rg BT 85.49 448.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 116.95 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.32 448.10 Td (new ) Tj ET Q q 0 0 0 rg BT 146.56 448.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 193.57 448.10 Td (locations, ) Tj ET Q q 0 0 0 rg BT 234.76 448.10 Td (we ) Tj ET Q q 0 0 0 rg BT 249.01 448.10 Td (will ) Tj ET Q q 0 0 0 rg BT 267.15 448.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 290.28 448.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 332.86 448.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 393.48 448.10 Td (occupancy) Tj ET Q q 0 0 0 rg BT 435.59 448.10 Td (, ) Tj ET Q q 0 0 0 rg BT 440.67 448.10 Td (integration, ) Tj ET Q q 0 0 0 rg BT 489.08 448.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 511.10 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.12 448.10 Td (business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (development ) Tj ET Q q 0 0 0 rg BT 103.37 436.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 127.21 436.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 177.11 436.10 Td (, ) Tj ET Q q 0 0 0 rg BT 181.33 436.10 Td (it ) Tj ET Q q 0 0 0 rg BT 188.61 436.10 Td (may ) Tj ET Q q 0 0 0 rg BT 207.55 436.10 Td (take ) Tj ET Q q 0 0 0 rg BT 225.92 436.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 269.85 436.10 Td (time ) Tj ET Q q 0 0 0 rg BT 289.35 436.10 Td (for ) Tj ET Q q 0 0 0 rg BT 302.73 436.10 Td (us ) Tj ET Q q 0 0 0 rg BT 313.34 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.84 436.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 364.54 436.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 398.47 436.10 Td (new ) Tj ET Q q 0 0 0 rg BT 416.85 436.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 458.00 436.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 494.71 436.10 Td (will ) Tj ET Q q 0 0 0 rg BT 511.98 436.10 Td (be ) Tj ET Q q 0 0 0 rg BT 523.14 436.10 Td (profitable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.08 424.10 Td (ef) Tj ET Q q 0 0 0 rg BT 68.67 424.10 Td (fective, ) Tj ET Q q 0 0 0 rg BT 101.13 424.10 Td (during ) Tj ET Q q 0 0 0 rg BT 129.99 424.10 Td (which ) Tj ET Q q 0 0 0 rg BT 157.18 424.10 Td (time ) Tj ET Q q 0 0 0 rg BT 177.71 424.10 Td (we ) Tj ET Q q 0 0 0 rg BT 192.12 424.10 Td (may ) Tj ET Q q 0 0 0 rg BT 212.09 424.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 235.39 424.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 280.35 424.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 319.20 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.40 424.10 Td (expend ) Tj ET Q q 0 0 0 rg BT 368.03 424.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 412.99 424.10 Td (time ) Tj ET Q q 0 0 0 rg BT 433.52 424.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.71 424.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 491.22 424.10 Td (on ) Tj ET Q q 0 0 0 rg BT 503.97 424.10 Td (compensation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (integration ) Tj ET Q q 0 0 0 rg BT 96.33 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.79 412.10 Td (business ) Tj ET Q q 0 0 0 rg BT 150.69 412.10 Td (development. ) Tj ET Q q 0 0 0 rg BT 207.19 412.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 256.53 412.10 Td (, ) Tj ET Q q 0 0 0 rg BT 262.04 412.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.27 412.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 320.28 412.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 343.29 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.74 412.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 399.86 412.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.20 412.10 Td (an ) Tj ET Q q 0 0 0 rg BT 423.65 412.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 467.21 412.10 Td (may ) Tj ET Q q 0 0 0 rg BT 487.45 412.10 Td (be ) Tj ET Q q 0 0 0 rg BT 499.90 412.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 537.88 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 548.68 412.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.09 400.10 Td (results ) Tj ET Q q 0 0 0 rg BT 115.32 400.10 Td (before ) Tj ET Q q 0 0 0 rg BT 142.97 400.10 Td (any ) Tj ET Q q 0 0 0 rg BT 159.52 400.10 Td (of) Tj ET Q q 0 0 0 rg BT 167.67 400.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 199.78 400.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 237.43 400.10 Td (are ) Tj ET Q q 0 0 0 rg BT 251.75 400.10 Td (generated. ) Tj ET Q q 0 0 0 rg BT 295.22 400.10 Td (Depending ) Tj ET Q q 0 0 0 rg BT 341.21 400.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 363.33 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.66 400.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 404.20 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.65 400.10 Td (our ) Tj ET Q q 0 0 0 rg BT 430.09 400.10 Td (expansion, ) Tj ET Q q 0 0 0 rg BT 475.25 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.80 400.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 526.12 400.10 Td (it ) Tj ET Q q 0 0 0 rg BT 533.79 400.10 Td (is ) Tj ET Q q 0 0 0 rg BT 542.57 400.10 Td (done ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.41 388.10 Td (recruiting ) Tj ET Q q 0 0 0 rg BT 103.70 388.10 Td (new ) Tj ET Q q 0 0 0 rg BT 122.78 388.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 164.62 388.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 204.52 388.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 240.81 388.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 287.11 388.10 Td (or ) Tj ET Q q 0 0 0 rg BT 297.85 388.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 346.65 388.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.28 388.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 410.89 388.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 433.31 388.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.05 388.10 Td (our ) Tj ET Q q 0 0 0 rg BT 459.79 388.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 502.76 388.10 Td (may ) Tj ET Q q 0 0 0 rg BT 522.39 388.10 Td (be ) Tj ET Q q 0 0 0 rg BT 534.24 388.10 Td (funded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (from ) Tj ET Q q 0 0 0 rg BT 72.29 376.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 92.91 376.10 Td (from ) Tj ET Q q 0 0 0 rg BT 115.20 376.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 159.71 376.10 Td (or ) Tj ET Q q 0 0 0 rg BT 170.90 376.10 Td (other ) Tj ET Q q 0 0 0 rg BT 194.30 376.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 234.91 376.10 Td (alternatives. ) Tj ET Q q 0 0 0 rg BT 286.15 376.10 Td (There ) Tj ET Q q 0 0 0 rg BT 312.32 376.10 Td (can ) Tj ET Q q 0 0 0 rg BT 329.05 376.10 Td (be ) Tj ET Q q 0 0 0 rg BT 341.34 376.10 Td (no ) Tj ET Q q 0 0 0 rg BT 354.19 376.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 395.91 376.10 Td (that ) Tj ET Q q 0 0 0 rg BT 413.76 376.10 Td (we ) Tj ET Q q 0 0 0 rg BT 428.27 376.10 Td (will ) Tj ET Q q 0 0 0 rg BT 446.68 376.10 Td (be ) Tj ET Q q 0 0 0 rg BT 458.97 376.10 Td (able ) Tj ET Q q 0 0 0 rg BT 478.48 376.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.11 376.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 525.83 376.10 Td (or ) Tj ET Q q 0 0 0 rg BT 537.01 376.10 Td (obtain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (suf) Tj ET Q q 0 0 0 rg BT 62.04 364.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 89.65 364.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 118.36 364.10 Td (on ) Tj ET Q q 0 0 0 rg BT 130.42 364.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 174.67 364.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 198.95 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.79 364.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 229.19 364.10 Td (our ) Tj ET Q q 0 0 0 rg BT 244.58 364.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 287.19 364.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 312.02 364.10 Td (which ) Tj ET Q q 0 0 0 rg BT 338.52 364.10 Td (would ) Tj ET Q q 0 0 0 rg BT 365.59 364.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 386.54 364.10 Td (our ) Tj ET Q q 0 0 0 rg BT 401.93 364.10 Td (future ) Tj ET Q q 0 0 0 rg BT 427.87 364.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 458.27 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.77 364.10 Td (could ) Tj ET Q q 0 0 0 rg BT 499.05 364.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 539.43 364.10 Td (af) Tj ET Q q 0 0 0 rg BT 547.01 364.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 352.10 Td (share ) Tj ET Q q 0 0 0 rg BT 89.43 352.10 Td (price. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 331.10 Td (Sustaining ) Tj ET Q q 0 0 0 rg BT 106.94 331.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 137.99 331.10 Td (will ) Tj ET Q q 0 0 0 rg BT 156.26 331.10 Td (also ) Tj ET Q q 0 0 0 rg BT 175.09 331.10 Td (require ) Tj ET Q q 0 0 0 rg BT 206.12 331.10 Td (us ) Tj ET Q q 0 0 0 rg BT 217.73 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.22 331.10 Td (commit ) Tj ET Q q 0 0 0 rg BT 261.49 331.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 304.20 331.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 360.50 331.10 Td (operational, ) Tj ET Q q 0 0 0 rg BT 410.70 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.85 331.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 465.55 331.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 506.02 331.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.52 331.10 Td (this ) Tj ET Q q 0 0 0 rg BT 533.68 331.10 Td (growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.31 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.95 319.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 115.81 319.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 164.21 319.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 212.06 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.37 319.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 267.22 319.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 301.76 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.40 319.10 Td (adequately ) Tj ET Q q 0 0 0 rg BT 358.58 319.10 Td (support ) Tj ET Q q 0 0 0 rg BT 391.45 319.10 Td (expansion. ) Tj ET Q q 0 0 0 rg BT 437.16 319.10 Td (There ) Tj ET Q q 0 0 0 rg BT 463.34 319.10 Td (can ) Tj ET Q q 0 0 0 rg BT 480.09 319.10 Td (be ) Tj ET Q q 0 0 0 rg BT 492.40 319.10 Td (no ) Tj ET Q q 0 0 0 rg BT 505.27 319.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 547.00 319.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.13 307.10 Td (will ) Tj ET Q q 0 0 0 rg BT 82.16 307.10 Td (be ) Tj ET Q q 0 0 0 rg BT 94.06 307.10 Td (able ) Tj ET Q q 0 0 0 rg BT 113.19 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.44 307.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 157.00 307.10 Td (our ) Tj ET Q q 0 0 0 rg BT 172.80 307.10 Td (expanding ) Tj ET Q q 0 0 0 rg BT 216.93 307.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 261.05 307.10 Td (ef) Tj ET Q q 0 0 0 rg BT 268.64 307.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 306.09 307.10 Td (or ) Tj ET Q q 0 0 0 rg BT 316.89 307.10 Td (that ) Tj ET Q q 0 0 0 rg BT 334.35 307.10 Td (we ) Tj ET Q q 0 0 0 rg BT 348.48 307.10 Td (will ) Tj ET Q q 0 0 0 rg BT 366.51 307.10 Td (be ) Tj ET Q q 0 0 0 rg BT 378.42 307.10 Td (able ) Tj ET Q q 0 0 0 rg BT 397.54 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.79 307.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 445.25 307.10 Td (or ) Tj ET Q q 0 0 0 rg BT 456.05 307.10 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 498.48 307.10 Td (our ) Tj ET Q q 0 0 0 rg BT 514.28 307.10 Td (growth, ) Tj ET Q q 0 0 0 rg BT 547.58 307.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.94 295.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 95.53 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.81 295.10 Td (do ) Tj ET Q q 0 0 0 rg BT 118.31 295.10 Td (so ) Tj ET Q q 0 0 0 rg BT 129.70 295.10 Td (could ) Tj ET Q q 0 0 0 rg BT 154.42 295.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 195.23 295.10 Td (af) Tj ET Q q 0 0 0 rg BT 202.82 295.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 220.31 295.10 Td (our ) Tj ET Q q 0 0 0 rg BT 236.14 295.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 264.19 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.47 295.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 310.83 295.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 348.87 295.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.81 295.10 Td (control ) Tj ET Q q 0 0 0 rg BT 396.63 295.10 Td (our ) Tj ET Q q 0 0 0 rg BT 412.46 295.10 Td (expenses.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 274.10 Td (The ) Tj ET Q q 0 0 0 rg BT 80.61 274.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 118.12 274.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 156.17 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.00 274.10 Td (our ) Tj ET Q q 0 0 0 rg BT 183.96 274.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 223.68 274.10 Td (results ) Tj ET Q q 0 0 0 rg BT 253.42 274.10 Td (from ) Tj ET Q q 0 0 0 rg BT 275.92 274.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 308.98 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.26 274.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 349.27 274.10 Td (, ) Tj ET Q q 0 0 0 rg BT 354.27 274.10 Td (translates ) Tj ET Q q 0 0 0 rg BT 396.78 274.10 Td (into ) Tj ET Q q 0 0 0 rg BT 415.39 274.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 453.44 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.28 274.10 Td (our ) Tj ET Q q 0 0 0 rg BT 481.23 274.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 504.84 274.10 Td (price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 253.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 80.75 253.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 115.58 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 133.22 253.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 162.52 253.10 Td (are ) Tj ET Q q 0 0 0 rg BT 177.92 253.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 206.67 253.10 Td (volatile. ) Tj ET Q q 0 0 0 rg BT 242.12 253.10 Td (W) Tj ET Q q 0 0 0 rg BT 250.76 253.10 Td (e ) Tj ET Q q 0 0 0 rg BT 258.39 253.10 Td (can ) Tj ET Q q 0 0 0 rg BT 275.46 253.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 321.95 253.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 367.36 253.10 Td (variations ) Tj ET Q q 0 0 0 rg BT 409.99 253.10 Td (in ) Tj ET Q q 0 0 0 rg BT 420.96 253.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 459.69 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.32 253.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 514.39 253.10 Td (during ) Tj ET Q q 0 0 0 rg BT 543.69 253.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 89.14 241.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 120.01 241.10 Td (These ) Tj ET Q q 0 0 0 rg BT 146.94 241.10 Td (variations ) Tj ET Q q 0 0 0 rg BT 189.42 241.10 Td (can ) Tj ET Q q 0 0 0 rg BT 206.34 241.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 246.59 241.10 Td (be ) Tj ET Q q 0 0 0 rg BT 259.08 241.10 Td (attributed ) Tj ET Q q 0 0 0 rg BT 300.44 241.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.27 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.53 241.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 344.56 241.10 Td (that ) Tj ET Q q 0 0 0 rg BT 362.61 241.10 Td (our ) Tj ET Q q 0 0 0 rg BT 378.98 241.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 417.57 241.10 Td (are ) Tj ET Q q 0 0 0 rg BT 432.82 241.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 464.76 241.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 494.45 241.10 Td (in ) Tj ET Q q 0 0 0 rg BT 505.27 241.10 Td (lar) Tj ET Q q 0 0 0 rg BT 515.64 241.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 528.12 241.10 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 96.88 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.10 229.10 Td (year ) Tj ET Q q 0 0 0 rg BT 132.30 229.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 155.30 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.52 229.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 214.61 229.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 262.60 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.93 229.10 Td (a ) Tj ET Q q 0 0 0 rg BT 281.37 229.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 330.74 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.95 229.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 375.06 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.39 229.10 Td (which ) Tj ET Q q 0 0 0 rg BT 413.83 229.10 Td (is ) Tj ET Q q 0 0 0 rg BT 423.50 229.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 463.70 229.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.13 229.10 Td (is ) Tj ET Q q 0 0 0 rg BT 490.80 229.10 Td (not ) Tj ET Q q 0 0 0 rg BT 506.58 229.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 537.90 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.68 229.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (control. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 196.10 Td (Compared ) Tj ET Q q 0 0 0 rg BT 106.21 196.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.54 196.10 Td (our ) Tj ET Q q 0 0 0 rg BT 132.43 196.10 Td (lar) Tj ET Q q 0 0 0 rg BT 142.80 196.10 Td (ger) Tj ET Q q 0 0 0 rg BT 155.16 196.10 Td (, ) Tj ET Q q 0 0 0 rg BT 160.22 196.10 Td (more ) Tj ET Q q 0 0 0 rg BT 183.32 196.10 Td (diversified ) Tj ET Q q 0 0 0 rg BT 228.64 196.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 278.41 196.10 Td (in ) Tj ET Q q 0 0 0 rg BT 288.74 196.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.51 196.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 341.05 196.10 Td (services ) Tj ET Q q 0 0 0 rg BT 375.81 196.10 Td (industry) Tj ET Q q 0 0 0 rg BT 407.94 196.10 Td (, ) Tj ET Q q 0 0 0 rg BT 412.99 196.10 Td (we ) Tj ET Q q 0 0 0 rg BT 427.21 196.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 466.97 196.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 512.82 196.10 Td (even ) Tj ET Q q 0 0 0 rg BT 534.25 196.10 Td (greater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (variations ) Tj ET Q q 0 0 0 rg BT 91.97 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.28 184.10 Td (our ) Tj ET Q q 0 0 0 rg BT 118.14 184.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 156.77 184.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 194.84 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.81 184.10 Td (profits. ) Tj ET Q q 0 0 0 rg BT 242.77 184.10 Td (This ) Tj ET Q q 0 0 0 rg BT 263.08 184.10 Td (is ) Tj ET Q q 0 0 0 rg BT 272.28 184.10 Td (due ) Tj ET Q q 0 0 0 rg BT 289.26 184.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.57 184.10 Td (our ) Tj ET Q q 0 0 0 rg BT 315.43 184.10 Td (dependence ) Tj ET Q q 0 0 0 rg BT 365.16 184.10 Td (on ) Tj ET Q q 0 0 0 rg BT 377.69 184.10 Td (a ) Tj ET Q q 0 0 0 rg BT 384.66 184.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 424.95 184.10 Td (small ) Tj ET Q q 0 0 0 rg BT 449.15 184.10 Td (number ) Tj ET Q q 0 0 0 rg BT 482.23 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.09 184.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 543.39 184.10 Td (for ) Tj ET Q q 0 0 0 rg BT 557.58 184.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 172.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 72.18 172.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 117.85 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.55 172.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.26 172.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 182.17 172.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.32 172.10 Td (each ) Tj ET Q q 0 0 0 rg BT 213.01 172.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 251.47 172.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 290.50 172.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 320.92 172.10 Td (with ) Tj ET Q q 0 0 0 rg BT 341.07 172.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.66 172.10 Td (result ) Tj ET Q q 0 0 0 rg BT 380.25 172.10 Td (that ) Tj ET Q q 0 0 0 rg BT 397.62 172.10 Td (our ) Tj ET Q q 0 0 0 rg BT 413.33 172.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 449.58 172.10 Td (can ) Tj ET Q q 0 0 0 rg BT 465.83 172.10 Td (be ) Tj ET Q q 0 0 0 rg BT 477.64 172.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 530.00 172.10 Td (af) Tj ET Q q 0 0 0 rg BT 537.59 172.10 Td (fected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 160.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 160.10 Td (size ) Tj ET Q q 0 0 0 rg BT 95.26 160.10 Td (and ) Tj ET Q q 0 0 0 rg BT 112.20 160.10 Td (number ) Tj ET Q q 0 0 0 rg BT 145.25 160.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.08 160.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 206.34 160.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 234.39 160.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.67 160.10 Td (any ) Tj ET Q q 0 0 0 rg BT 261.61 160.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 302.42 160.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 330.18 160.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 139.10 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 117.52 139.10 Td (since ) Tj ET Q q 0 0 0 rg BT 141.10 139.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 194.69 139.10 Td (all ) Tj ET Q q 0 0 0 rg BT 207.72 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.08 139.10 Td (our ) Tj ET Q q 0 0 0 rg BT 235.45 139.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 274.02 139.10 Td (are ) Tj ET Q q 0 0 0 rg BT 289.26 139.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 331.16 139.10 Td (from ) Tj ET Q q 0 0 0 rg BT 353.63 139.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 391.10 139.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 412.74 139.10 Td (we ) Tj ET Q q 0 0 0 rg BT 427.43 139.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 447.12 139.10 Td (other ) Tj ET Q q 0 0 0 rg BT 470.70 139.10 Td (more ) Tj ET Q q 0 0 0 rg BT 494.29 139.10 Td (stable ) Tj ET Q q 0 0 0 rg BT 520.65 139.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 553.67 139.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 84.45 127.10 Td (such ) Tj ET Q q 0 0 0 rg BT 105.59 127.10 Td (as ) Tj ET Q q 0 0 0 rg BT 116.73 127.10 Td (brokerage ) Tj ET Q q 0 0 0 rg BT 159.51 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.76 127.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 199.00 127.10 Td (management ) Tj ET Q q 0 0 0 rg BT 252.90 127.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 274.31 127.10 Td (which ) Tj ET Q q 0 0 0 rg BT 301.55 127.10 Td (could ) Tj ET Q q 0 0 0 rg BT 326.58 127.10 Td (moderate ) Tj ET Q q 0 0 0 rg BT 366.59 127.10 Td (some ) Tj ET Q q 0 0 0 rg BT 390.50 127.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.64 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.67 127.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 455.58 127.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.17 127.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 503.41 127.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 543.64 127.10 Td (As ) Tj ET Q q 0 0 0 rg BT 557.56 127.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 76.52 115.10 Td (it ) Tj ET Q q 0 0 0 rg BT 83.88 115.10 Td (may ) Tj ET Q q 0 0 0 rg BT 102.90 115.10 Td (be ) Tj ET Q q 0 0 0 rg BT 114.15 115.10 Td (dif) Tj ET Q q 0 0 0 rg BT 125.07 115.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 147.98 115.10 Td (for ) Tj ET Q q 0 0 0 rg BT 161.45 115.10 Td (us ) Tj ET Q q 0 0 0 rg BT 172.14 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.72 115.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 214.06 115.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 255.86 115.10 Td (results ) Tj ET Q q 0 0 0 rg BT 283.77 115.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.01 115.10 Td (steady ) Tj ET Q q 0 0 0 rg BT 327.37 115.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 363.05 115.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 393.18 115.10 Td (on ) Tj ET Q q 0 0 0 rg BT 404.99 115.10 Td (a ) Tj ET Q q 0 0 0 rg BT 411.23 115.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 449.13 115.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 473.43 115.10 Td (which ) Tj ET Q q 0 0 0 rg BT 499.67 115.10 Td (could ) Tj ET Q q 0 0 0 rg BT 523.69 115.10 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 103.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.07 103.10 Td (our ) Tj ET Q q 0 0 0 rg BT 90.90 103.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 114.51 103.10 Td (price.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 82.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 81.17 82.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 118.11 82.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 132.82 82.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 171.98 82.10 Td (are ) Tj ET Q q 0 0 0 rg BT 187.81 82.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 219.20 82.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.48 82.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 251.43 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.49 82.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 325.89 82.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 357.83 82.10 Td (our ) Tj ET Q q 0 0 0 rg BT 374.78 82.10 Td (control) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 61.10 Td (In ) Tj ET Q q 0 0 0 rg BT 72.65 61.10 Td (many ) Tj ET Q q 0 0 0 rg BT 97.19 61.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 123.11 61.10 Td (we ) Tj ET Q q 0 0 0 rg BT 137.09 61.10 Td (are ) Tj ET Q q 0 0 0 rg BT 151.62 61.10 Td (not ) Tj ET Q q 0 0 0 rg BT 166.72 61.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 186.26 61.10 Td (for ) Tj ET Q q 0 0 0 rg BT 200.24 61.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 237.00 61.10 Td (engagements ) Tj ET Q q 0 0 0 rg BT 291.53 61.10 Td (that ) Tj ET Q q 0 0 0 rg BT 308.84 61.10 Td (do ) Tj ET Q q 0 0 0 rg BT 321.17 61.10 Td (not ) Tj ET Q q 0 0 0 rg BT 336.27 61.10 Td (result ) Tj ET Q q 0 0 0 rg BT 360.80 61.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.90 61.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.44 61.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 428.86 61.10 Td (consummation ) Tj ET Q q 0 0 0 rg BT 490.07 61.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.72 61.10 Td (a ) Tj ET Q q 0 0 0 rg BT 507.48 61.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 553.67 61.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 103.08 49.10 Td (or ) Tj ET Q q 0 0 0 rg BT 113.39 49.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 144.27 49.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.58 49.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.00 49.10 Td (fund. ) Tj ET Q q 0 0 0 rg BT 183.82 49.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.37 49.10 Td (As ) Tj ET Q q 0 0 0 rg BT 198.46 49.10 Td (a ) Tj ET Q q 0 0 0 rg BT 204.89 49.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 231.59 49.10 Td (our ) Tj ET Q q 0 0 0 rg BT 246.90 49.10 Td (business ) Tj ET Q q 0 0 0 rg BT 282.78 49.10 Td (is ) Tj ET Q q 0 0 0 rg BT 291.43 49.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 318.98 49.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 362.05 49.10 Td (on ) Tj ET Q q 0 0 0 rg BT 374.04 49.10 Td (market ) Tj ET Q q 0 0 0 rg BT 403.79 49.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 447.44 49.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.86 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.06 49.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 517.26 49.10 Td (and ) Tj ET Q q 0 0 0 rg BT 533.69 49.10 Td (actions ) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.54 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.09 742.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 104.41 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.06 742.10 Td (interested ) Tj ET Q q 0 0 0 rg BT 162.15 742.10 Td (third ) Tj ET Q q 0 0 0 rg BT 183.25 742.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 214.62 742.10 Td (For ) Tj ET Q q 0 0 0 rg BT 230.72 742.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 269.31 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.30 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 294.85 742.10 Td (mer) Tj ET Q q 0 0 0 rg BT 310.21 742.10 Td (gers ) Tj ET Q q 0 0 0 rg BT 329.09 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.74 742.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 395.73 742.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 434.33 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 440.99 742.10 Td (client ) Tj ET Q q 0 0 0 rg BT 465.41 742.10 Td (could ) Tj ET Q q 0 0 0 rg BT 489.84 742.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 513.71 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 524.26 742.10 Td (terminate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 730.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 103.32 730.10 Td (because ) Tj ET Q q 0 0 0 rg BT 137.47 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.30 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.24 730.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 183.84 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.12 730.10 Td (agree ) Tj ET Q q 0 0 0 rg BT 218.27 730.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 240.78 730.10 Td (final ) Tj ET Q q 0 0 0 rg BT 261.61 730.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 286.33 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 306.61 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.33 730.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 371.21 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 376.22 730.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 404.81 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.10 730.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 442.60 730.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 483.97 730.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 527.56 730.10 Td (consents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 59.78 718.10 Td (board ) Tj ET Q q 0 0 0 rg BT 84.00 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 93.78 718.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 141.87 718.10 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 184.70 718.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 212.24 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.47 718.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 248.45 718.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 288.77 718.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 330.48 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 340.26 718.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 372.25 718.10 Td (market ) Tj ET Q q 0 0 0 rg BT 401.46 718.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 447.08 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.53 718.10 Td (In ) Tj ET Q q 0 0 0 rg BT 458.30 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 473.08 718.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 525.63 718.10 Td (business, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 96.67 706.10 Td (bidders ) Tj ET Q q 0 0 0 rg BT 128.91 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 143.37 706.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 169.50 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.63 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 187.88 706.10 Td (client ) Tj ET Q q 0 0 0 rg BT 212.89 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.47 706.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 261.25 706.10 Td (distress ) Tj ET Q q 0 0 0 rg BT 294.05 706.10 Td (may ) Tj ET Q q 0 0 0 rg BT 314.07 706.10 Td (not ) Tj ET Q q 0 0 0 rg BT 329.65 706.10 Td (materialize ) Tj ET Q q 0 0 0 rg BT 376.87 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 388.00 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 404.13 706.10 Td (client ) Tj ET Q q 0 0 0 rg BT 429.14 706.10 Td (may ) Tj ET Q q 0 0 0 rg BT 449.16 706.10 Td (not ) Tj ET Q q 0 0 0 rg BT 464.74 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 476.98 706.10 Td (able ) Tj ET Q q 0 0 0 rg BT 496.44 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.02 706.10 Td (restructure ) Tj ET Q q 0 0 0 rg BT 552.58 706.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.49 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 105.65 694.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 160.14 694.10 Td (due ) Tj ET Q q 0 0 0 rg BT 177.41 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.02 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 195.30 694.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 224.22 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.84 694.10 Td (reach ) Tj ET Q q 0 0 0 rg BT 259.31 694.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 303.79 694.10 Td (with ) Tj ET Q q 0 0 0 rg BT 324.40 694.10 Td (its ) Tj ET Q q 0 0 0 rg BT 336.68 694.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 375.06 694.10 Td (creditors. ) Tj ET Q q 0 0 0 rg BT 415.38 694.10 Td (In ) Tj ET Q q 0 0 0 rg BT 426.54 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.70 694.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 472.19 694.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 509.46 694.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 548.69 694.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 78.55 682.10 Td (may ) Tj ET Q q 0 0 0 rg BT 98.21 682.10 Td (not ) Tj ET Q q 0 0 0 rg BT 113.43 682.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 134.76 682.10 Td (suf) Tj ET Q q 0 0 0 rg BT 146.80 682.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 174.79 682.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 203.88 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.10 682.10 Td (start ) Tj ET Q q 0 0 0 rg BT 233.77 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.65 682.10 Td (new ) Tj ET Q q 0 0 0 rg BT 259.76 682.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 280.53 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 291.31 682.10 Td (may ) Tj ET Q q 0 0 0 rg BT 310.97 682.10 Td (not ) Tj ET Q q 0 0 0 rg BT 326.19 682.10 Td (be ) Tj ET Q q 0 0 0 rg BT 338.08 682.10 Td (able ) Tj ET Q q 0 0 0 rg BT 357.18 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.40 682.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 383.73 682.10 Td (their ) Tj ET Q q 0 0 0 rg BT 404.50 682.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 425.28 682.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 461.05 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 471.27 682.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 514.25 682.10 Td (transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (because ) Tj ET Q q 0 0 0 rg BT 84.73 670.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 131.68 670.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 170.87 670.10 Td (may ) Tj ET Q q 0 0 0 rg BT 191.17 670.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 223.13 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.99 670.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 260.96 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.82 670.10 Td (such ) Tj ET Q q 0 0 0 rg BT 293.23 670.10 Td (a ) Tj ET Q q 0 0 0 rg BT 300.76 670.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 322.17 670.10 Td (due ) Tj ET Q q 0 0 0 rg BT 339.69 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.55 670.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 370.29 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.71 670.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 414.95 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 420.53 670.10 Td (change ) Tj ET Q q 0 0 0 rg BT 451.93 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.79 670.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 499.75 670.10 Td (direction ) Tj ET Q q 0 0 0 rg BT 538.37 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 670.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (investor) Tj ET Q q 0 0 0 rg BT 81.82 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 86.13 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 96.26 658.10 Td (other ) Tj ET Q q 0 0 0 rg BT 118.62 658.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 150.14 658.10 Td (In ) Tj ET Q q 0 0 0 rg BT 160.28 658.10 Td (these ) Tj ET Q q 0 0 0 rg BT 182.63 658.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 243.58 658.10 Td (we ) Tj ET Q q 0 0 0 rg BT 257.05 658.10 Td (may ) Tj ET Q q 0 0 0 rg BT 276.08 658.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 306.75 658.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 336.89 658.10 Td (or ) Tj ET Q q 0 0 0 rg BT 347.03 658.10 Td (no ) Tj ET Q q 0 0 0 rg BT 358.84 658.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 395.08 658.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 415.49 658.10 Td (despite ) Tj ET Q q 0 0 0 rg BT 445.63 658.10 Td (having ) Tj ET Q q 0 0 0 rg BT 474.65 658.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 519.23 658.10 Td (substantial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (time ) Tj ET Q q 0 0 0 rg BT 71.17 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.00 646.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 130.16 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.33 646.10 Td (an ) Tj ET Q q 0 0 0 rg BT 154.17 646.10 Td (engagement. ) Tj ET Q q 0 0 0 rg BT 208.13 646.10 Td (The ) Tj ET Q q 0 0 0 rg BT 227.07 646.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 256.56 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.29 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.90 646.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 313.95 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.13 646.10 Td (complete ) Tj ET Q q 0 0 0 rg BT 365.17 646.10 Td (a ) Tj ET Q q 0 0 0 rg BT 373.01 646.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 420.27 646.10 Td (on ) Tj ET Q q 0 0 0 rg BT 433.67 646.10 Td (which ) Tj ET Q q 0 0 0 rg BT 461.50 646.10 Td (we ) Tj ET Q q 0 0 0 rg BT 476.56 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 492.16 646.10 Td (advising, ) Tj ET Q q 0 0 0 rg BT 531.95 646.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.78 646.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (consequent ) Tj ET Q q 0 0 0 rg BT 97.49 634.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 115.55 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.38 634.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 160.52 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 170.80 634.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 184.69 634.10 Td (could ) Tj ET Q q 0 0 0 rg BT 209.41 634.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 228.56 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.84 634.10 Td (lar) Tj ET Q q 0 0 0 rg BT 249.21 634.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 261.15 634.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 294.18 634.10 Td (movements ) Tj ET Q q 0 0 0 rg BT 342.79 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 353.07 634.10 Td (our ) Tj ET Q q 0 0 0 rg BT 368.90 634.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 406.93 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.87 634.10 Td (earnings.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 613.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 80.80 613.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 116.82 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.73 613.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 164.41 613.10 Td (suf) Tj ET Q q 0 0 0 rg BT 177.01 613.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 205.24 613.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 226.26 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 236.73 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.64 613.10 Td (future ) Tj ET Q q 0 0 0 rg BT 279.33 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.24 613.10 Td (service ) Tj ET Q q 0 0 0 rg BT 319.68 613.10 Td (our ) Tj ET Q q 0 0 0 rg BT 336.26 613.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 393.67 613.10 Td (or ) Tj ET Q q 0 0 0 rg BT 404.69 613.10 Td (a ) Tj ET Q q 0 0 0 rg BT 411.82 613.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 457.84 613.10 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 513.31 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.78 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.68 613.10 Td (credit ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 85.28 601.10 Td (or ) Tj ET Q q 0 0 0 rg BT 96.67 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.95 601.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 142.23 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.06 601.10 Td (one ) Tj ET Q q 0 0 0 rg BT 170.56 601.10 Td (or ) Tj ET Q q 0 0 0 rg BT 181.95 601.10 Td (more ) Tj ET Q q 0 0 0 rg BT 205.56 601.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 256.38 601.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 292.78 601.10 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 343.92 601.10 Td (could ) Tj ET Q q 0 0 0 rg BT 369.19 601.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 410.01 601.10 Td (af) Tj ET Q q 0 0 0 rg BT 418.16 601.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 435.64 601.10 Td (our ) Tj ET Q q 0 0 0 rg BT 452.60 601.10 Td (liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 580.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 80.72 580.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 109.44 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.38 580.10 Td (make ) Tj ET Q q 0 0 0 rg BT 145.20 580.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 188.35 580.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 229.85 580.10 Td (on ) Tj ET Q q 0 0 0 rg BT 243.01 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 254.51 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.45 580.10 Td (refinance ) Tj ET Q q 0 0 0 rg BT 305.81 580.10 Td (any ) Tj ET Q q 0 0 0 rg BT 323.42 580.10 Td (current ) Tj ET Q q 0 0 0 rg BT 354.90 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 366.40 580.10 Td (future ) Tj ET Q q 0 0 0 rg BT 393.44 580.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 413.82 580.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 461.43 580.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 497.37 580.10 Td (on ) Tj ET Q q 0 0 0 rg BT 510.54 580.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.03 580.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 90.74 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.15 568.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 148.89 568.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 204.67 568.10 Td (W) Tj ET Q q 0 0 0 rg BT 213.31 568.10 Td (e ) Tj ET Q q 0 0 0 rg BT 220.72 568.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 250.34 568.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 283.86 568.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 325.70 568.10 Td (that ) Tj ET Q q 0 0 0 rg BT 343.66 568.10 Td (we ) Tj ET Q q 0 0 0 rg BT 358.30 568.10 Td (will ) Tj ET Q q 0 0 0 rg BT 376.82 568.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 414.79 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.19 568.10 Td (level ) Tj ET Q q 0 0 0 rg BT 444.60 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.90 568.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 476.64 568.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 501.83 568.10 Td (from ) Tj ET Q q 0 0 0 rg BT 524.24 568.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 88.60 556.10 Td (suf) Tj ET Q q 0 0 0 rg BT 100.64 556.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 128.68 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.96 556.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 167.56 556.10 Td (us ) Tj ET Q q 0 0 0 rg BT 178.96 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.23 556.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 206.17 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.89 556.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 258.93 556.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 272.26 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.20 556.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 321.13 556.10 Td (on, ) Tj ET Q q 0 0 0 rg BT 336.13 556.10 Td (any ) Tj ET Q q 0 0 0 rg BT 353.07 556.10 Td (indebtedness.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 535.10 Td (As ) Tj ET Q q 0 0 0 rg BT 76.00 535.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.21 535.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 146.17 535.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.17 535.10 Td (, ) Tj ET Q q 0 0 0 rg BT 171.56 535.10 Td (we ) Tj ET Q q 0 0 0 rg BT 186.10 535.10 Td (had ) Tj ET Q q 0 0 0 rg BT 203.42 535.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 224.07 535.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.39 535.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 262.04 535.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 310.47 535.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.68 535.10 Td ($70.0 ) Tj ET Q q 0 0 0 rg BT 347.06 535.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.95 535.10 Td (. ) Tj ET Q q 0 0 0 rg BT 381.13 535.10 Td (W) Tj ET Q q 0 0 0 rg BT 389.76 535.10 Td (e ) Tj ET Q q 0 0 0 rg BT 397.09 535.10 Td (have ) Tj ET Q q 0 0 0 rg BT 418.84 535.10 Td (invested ) Tj ET Q q 0 0 0 rg BT 455.05 535.10 Td (these ) Tj ET Q q 0 0 0 rg BT 478.48 535.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 504.69 535.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.35 535.10 Td (instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.79 523.10 Td (we ) Tj ET Q q 0 0 0 rg BT 90.81 523.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 122.04 523.10 Td (are ) Tj ET Q q 0 0 0 rg BT 136.60 523.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 164.51 523.10 Td (liquid, ) Tj ET Q q 0 0 0 rg BT 192.71 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.50 523.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 243.52 523.10 Td (developments ) Tj ET Q q 0 0 0 rg BT 301.42 523.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 334.32 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.45 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.02 523.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 395.27 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.96 523.10 Td (these ) Tj ET Q q 0 0 0 rg BT 428.86 523.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 478.99 523.10 Td (on ) Tj ET Q q 0 0 0 rg BT 491.35 523.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.14 523.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 528.81 523.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 553.67 523.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.84 511.10 Td (event ) Tj ET Q q 0 0 0 rg BT 89.12 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.07 511.10 Td (a ) Tj ET Q q 0 0 0 rg BT 107.13 511.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 151.97 511.10 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 205.68 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.64 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.48 511.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 256.86 511.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 291.14 511.10 Td (or ) Tj ET Q q 0 0 0 rg BT 302.10 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.94 511.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 345.65 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.61 511.10 Td (one ) Tj ET Q q 0 0 0 rg BT 373.67 511.10 Td (or ) Tj ET Q q 0 0 0 rg BT 384.62 511.10 Td (more ) Tj ET Q q 0 0 0 rg BT 407.79 511.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 457.61 511.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 492.45 511.10 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 542.03 511.10 Td (there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (can ) Tj ET Q q 0 0 0 rg BT 66.33 499.10 Td (be ) Tj ET Q q 0 0 0 rg BT 78.22 499.10 Td (no ) Tj ET Q q 0 0 0 rg BT 90.67 499.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 131.98 499.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.43 499.10 Td (we ) Tj ET Q q 0 0 0 rg BT 163.54 499.10 Td (will ) Tj ET Q q 0 0 0 rg BT 181.55 499.10 Td (be ) Tj ET Q q 0 0 0 rg BT 193.43 499.10 Td (able ) Tj ET Q q 0 0 0 rg BT 212.54 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.77 499.10 Td (liquidate ) Tj ET Q q 0 0 0 rg BT 260.21 499.10 Td (these ) Tj ET Q q 0 0 0 rg BT 283.21 499.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 308.99 499.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.77 499.10 Td (access ) Tj ET Q q 0 0 0 rg BT 347.75 499.10 Td (our ) Tj ET Q q 0 0 0 rg BT 363.53 499.10 Td (cash. ) Tj ET Q q 0 0 0 rg BT 386.25 499.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 404.25 499.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 440.04 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.26 499.10 Td (access ) Tj ET Q q 0 0 0 rg BT 478.25 499.10 Td (our ) Tj ET Q q 0 0 0 rg BT 494.03 499.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 514.25 499.10 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (could ) Tj ET Q q 0 0 0 rg BT 74.81 487.10 Td (have ) Tj ET Q q 0 0 0 rg BT 96.27 487.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.30 487.10 Td (material ) Tj ET Q q 0 0 0 rg BT 138.65 487.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 171.77 487.10 Td (ef) Tj ET Q q 0 0 0 rg BT 179.36 487.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 196.94 487.10 Td (on ) Tj ET Q q 0 0 0 rg BT 209.53 487.10 Td (our ) Tj ET Q q 0 0 0 rg BT 225.45 487.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 261.93 487.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.96 487.10 Td (result ) Tj ET Q q 0 0 0 rg BT 303.76 487.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.13 487.10 Td (our ) Tj ET Q q 0 0 0 rg BT 330.05 487.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 365.97 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.34 487.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 398.36 487.10 Td (our ) Tj ET Q q 0 0 0 rg BT 414.28 487.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 461.31 487.10 Td (timely) Tj ET Q q 0 0 0 rg BT 486.21 487.10 Td (, ) Tj ET Q q 0 0 0 rg BT 491.30 487.10 Td (which ) Tj ET Q q 0 0 0 rg BT 518.33 487.10 Td (could ) Tj ET Q q 0 0 0 rg BT 543.14 487.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 475.10 Td (material ) Tj ET Q q 0 0 0 rg BT 92.20 475.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 125.23 475.10 Td (ef) Tj ET Q q 0 0 0 rg BT 132.82 475.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 150.31 475.10 Td (on ) Tj ET Q q 0 0 0 rg BT 162.81 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.52 475.10 Td (value ) Tj ET Q q 0 0 0 rg BT 201.68 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.51 475.10 Td (our ) Tj ET Q q 0 0 0 rg BT 228.34 475.10 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 454.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 454.10 Td (e ) Tj ET Q q 0 0 0 rg BT 77.97 454.10 Td (have ) Tj ET Q q 0 0 0 rg BT 99.74 454.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.08 454.10 Td ($50.0 ) Tj ET Q q 0 0 0 rg BT 132.47 454.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.36 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.26 454.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 205.48 454.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 225.59 454.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 256.80 454.10 Td (with ) Tj ET Q q 0 0 0 rg BT 277.47 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 284.81 454.10 Td (U.S.commercial ) Tj ET Q q 0 0 0 rg BT 355.18 454.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 377.52 454.10 Td (which ) Tj ET Q q 0 0 0 rg BT 404.85 454.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 443.84 454.10 Td (expires ) Tj ET Q q 0 0 0 rg BT 475.61 454.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.86 454.10 Td (April ) Tj ET Q q 0 0 0 rg BT 511.87 454.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 527.26 454.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.26 454.10 Td (. ) Tj ET Q q 0 0 0 rg BT 552.02 454.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.26 442.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.26 442.10 Td (, ) Tj ET Q q 0 0 0 rg BT 132.93 442.10 Td (we ) Tj ET Q q 0 0 0 rg BT 146.76 442.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.37 442.10 Td ($39.8 ) Tj ET Q q 0 0 0 rg BT 188.05 442.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.94 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 219.11 442.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 246.27 442.10 Td (down ) Tj ET Q q 0 0 0 rg BT 270.67 442.10 Td (from ) Tj ET Q q 0 0 0 rg BT 292.28 442.10 Td (this ) Tj ET Q q 0 0 0 rg BT 308.90 442.10 Td (facility) Tj ET Q q 0 0 0 rg BT 336.57 442.10 Td (. ) Tj ET Q q 0 0 0 rg BT 341.25 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.26 442.10 Td (W) Tj ET Q q 0 0 0 rg BT 351.90 442.10 Td (e ) Tj ET Q q 0 0 0 rg BT 358.51 442.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 385.67 442.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.06 442.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 440.56 442.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 459.95 442.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 490.44 442.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.39 442.10 Td (supplement ) Tj ET Q q 0 0 0 rg BT 548.67 442.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 88.15 430.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 127.95 430.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 147.77 430.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 168.14 430.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.62 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.44 430.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 227.03 430.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 266.29 430.10 Td (for ) Tj ET Q q 0 0 0 rg BT 279.99 430.10 Td (our ) Tj ET Q q 0 0 0 rg BT 295.37 430.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 315.18 430.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 339.99 430.10 Td (such ) Tj ET Q q 0 0 0 rg BT 360.36 430.10 Td (as ) Tj ET Q q 0 0 0 rg BT 370.74 430.10 Td (term ) Tj ET Q q 0 0 0 rg BT 391.11 430.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 410.37 430.10 Td (repayments, ) Tj ET Q q 0 0 0 rg BT 461.00 430.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 498.04 430.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 540.91 430.10 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (repurchases, ) Tj ET Q q 0 0 0 rg BT 102.70 418.10 Td (income ) Tj ET Q q 0 0 0 rg BT 135.13 418.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 150.35 418.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 191.67 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.11 418.10 Td (other ) Tj ET Q q 0 0 0 rg BT 232.66 418.10 Td (working ) Tj ET Q q 0 0 0 rg BT 268.98 418.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 298.63 418.10 Td (needs. ) Tj ET Q q 0 0 0 rg BT 326.90 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 329.90 418.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 376.46 418.10 Td (, ) Tj ET Q q 0 0 0 rg BT 381.96 418.10 Td (we ) Tj ET Q q 0 0 0 rg BT 396.62 418.10 Td (have ) Tj ET Q q 0 0 0 rg BT 418.50 418.10 Td (rolled ) Tj ET Q q 0 0 0 rg BT 444.83 418.10 Td (over ) Tj ET Q q 0 0 0 rg BT 465.59 418.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.81 418.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 517.69 418.10 Td (date ) Tj ET Q q 0 0 0 rg BT 537.35 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.68 418.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 90.35 406.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 109.59 406.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 139.94 406.10 Td (annually) Tj ET Q q 0 0 0 rg BT 173.73 406.10 Td (. ) Tj ET Q q 0 0 0 rg BT 178.25 406.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 195.83 406.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 231.19 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.99 406.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 269.67 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.92 406.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 319.82 406.10 Td (date ) Tj ET Q q 0 0 0 rg BT 338.51 406.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.86 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.11 406.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 382.35 406.10 Td (or ) Tj ET Q q 0 0 0 rg BT 392.71 406.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 419.16 406.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.40 406.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 463.75 406.10 Td (on ) Tj ET Q q 0 0 0 rg BT 475.78 406.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 519.99 406.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 544.23 406.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.41 394.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 98.27 394.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 125.45 394.10 Td (could ) Tj ET Q q 0 0 0 rg BT 149.86 394.10 Td (require ) Tj ET Q q 0 0 0 rg BT 180.37 394.10 Td (us ) Tj ET Q q 0 0 0 rg BT 191.46 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.43 394.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 225.83 394.10 Td (all ) Tj ET Q q 0 0 0 rg BT 238.02 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 248.55 394.10 Td (a ) Tj ET Q q 0 0 0 rg BT 255.18 394.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 286.26 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.79 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.20 394.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 330.61 394.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 363.34 394.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 412.20 394.10 Td (at ) Tj ET Q q 0 0 0 rg BT 421.61 394.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 454.84 394.10 Td (. ) Tj ET Q q 0 0 0 rg BT 459.38 394.10 Td (There ) Tj ET Q q 0 0 0 rg BT 484.89 394.10 Td (is ) Tj ET Q q 0 0 0 rg BT 493.75 394.10 Td (no ) Tj ET Q q 0 0 0 rg BT 505.95 394.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 547.01 394.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.62 382.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 106.24 382.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 131.29 382.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 161.90 382.10 Td (will ) Tj ET Q q 0 0 0 rg BT 179.75 382.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 216.47 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.54 382.10 Td (be ) Tj ET Q q 0 0 0 rg BT 238.27 382.10 Td (renewed ) Tj ET Q q 0 0 0 rg BT 274.42 382.10 Td (with ) Tj ET Q q 0 0 0 rg BT 294.49 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.00 382.10 Td (current ) Tj ET Q q 0 0 0 rg BT 339.60 382.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 366.88 382.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 386.11 382.10 Td (if ) Tj ET Q q 0 0 0 rg BT 394.51 382.10 Td (not, ) Tj ET Q q 0 0 0 rg BT 412.08 382.10 Td (that ) Tj ET Q q 0 0 0 rg BT 429.36 382.10 Td (we ) Tj ET Q q 0 0 0 rg BT 443.31 382.10 Td (would ) Tj ET Q q 0 0 0 rg BT 470.60 382.10 Td (be ) Tj ET Q q 0 0 0 rg BT 482.33 382.10 Td (able ) Tj ET Q q 0 0 0 rg BT 501.27 382.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.34 382.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 538.63 382.10 Td (a ) Tj ET Q q 0 0 0 rg BT 545.36 382.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.26 370.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 106.08 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.91 370.10 Td (a ) Tj ET Q q 0 0 0 rg BT 123.85 370.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 154.13 370.10 Td (size ) Tj ET Q q 0 0 0 rg BT 172.17 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.11 370.10 Td (on ) Tj ET Q q 0 0 0 rg BT 201.61 370.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 231.88 370.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 256.60 370.10 Td (from ) Tj ET Q q 0 0 0 rg BT 278.54 370.10 Td (a ) Tj ET Q q 0 0 0 rg BT 285.48 370.10 Td (dif) Tj ET Q q 0 0 0 rg BT 296.41 370.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 322.22 370.10 Td (lender) Tj ET Q q 0 0 0 rg BT 346.66 370.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 349.10 Td (In ) Tj ET Q q 0 0 0 rg BT 72.93 349.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 110.81 349.10 Td (we ) Tj ET Q q 0 0 0 rg BT 125.07 349.10 Td (financed ) Tj ET Q q 0 0 0 rg BT 162.09 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.91 349.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 197.28 349.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 228.77 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.70 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.52 349.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 292.66 349.10 Td (price ) Tj ET Q q 0 0 0 rg BT 315.25 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.18 349.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 366.54 349.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 398.03 349.10 Td (with ) Tj ET Q q 0 0 0 rg BT 418.41 349.10 Td (two ) Tj ET Q q 0 0 0 rg BT 436.01 349.10 Td (term ) Tj ET Q q 0 0 0 rg BT 456.94 349.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 476.76 349.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 516.29 349.10 Td (each ) Tj ET Q q 0 0 0 rg BT 537.21 349.10 Td (with ) Tj ET Q q 0 0 0 rg BT 557.58 349.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 87.68 337.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 119.81 337.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.28 337.10 Td ($22.5 ) Tj ET Q q 0 0 0 rg BT 154.92 337.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.81 337.10 Td (, ) Tj ET Q q 0 0 0 rg BT 188.45 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.03 337.10 Td (together ) Tj ET Q q 0 0 0 rg BT 239.93 337.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.85 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.20 337.10 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.21 337.10 Td ($45.0 ) Tj ET Q q 0 0 0 rg BT 329.84 337.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.74 337.10 Td (. ) Tj ET Q q 0 0 0 rg BT 363.37 337.10 Td ( ) Tj ET Q q 0 0 0 rg BT 365.51 337.10 Td (One ) Tj ET Q q 0 0 0 rg BT 384.31 337.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 414.77 337.10 Td (has ) Tj ET Q q 0 0 0 rg BT 430.24 337.10 Td (a ) Tj ET Q q 0 0 0 rg BT 436.82 337.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 472.84 337.10 Td (date ) Tj ET Q q 0 0 0 rg BT 491.63 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.63 337.10 Td (April ) Tj ET Q q 0 0 0 rg BT 524.87 337.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 539.51 337.10 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.09 325.10 Td (which ) Tj ET Q q 0 0 0 rg BT 88.28 325.10 Td ($1) Tj ET Q q 0 0 0 rg BT 97.91 325.10 Td (1.3 ) Tj ET Q q 0 0 0 rg BT 113.16 325.10 Td (million ) Tj ET Q q 0 0 0 rg BT 144.81 325.10 Td (was ) Tj ET Q q 0 0 0 rg BT 163.12 325.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 212.54 325.10 Td (at ) Tj ET Q q 0 0 0 rg BT 222.51 325.10 Td (December ) Tj ET Q q 0 0 0 rg BT 266.35 325.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 281.60 325.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 306.86 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 324.05 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.03 325.10 Td (other ) Tj ET Q q 0 0 0 rg BT 362.33 325.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 393.40 325.10 Td (has ) Tj ET Q q 0 0 0 rg BT 409.49 325.10 Td (a ) Tj ET Q q 0 0 0 rg BT 416.68 325.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 453.32 325.10 Td (date ) Tj ET Q q 0 0 0 rg BT 472.73 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.21 325.10 Td (April ) Tj ET Q q 0 0 0 rg BT 507.07 325.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 522.33 325.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 547.58 325.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 84.20 313.10 Td (semi-annual ) Tj ET Q q 0 0 0 rg BT 135.06 313.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 185.38 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.70 313.10 Td ($5.625 ) Tj ET Q q 0 0 0 rg BT 225.20 313.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 258.58 313.10 Td (with ) Tj ET Q q 0 0 0 rg BT 278.35 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.56 313.10 Td (first ) Tj ET Q q 0 0 0 rg BT 310.66 313.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 357.08 313.10 Td (due ) Tj ET Q q 0 0 0 rg BT 373.51 313.10 Td (on ) Tj ET Q q 0 0 0 rg BT 385.51 313.10 Td (October ) Tj ET Q q 0 0 0 rg BT 419.70 313.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 434.20 313.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 458.54 313.10 Td (There ) Tj ET Q q 0 0 0 rg BT 483.85 313.10 Td (can ) Tj ET Q q 0 0 0 rg BT 499.72 313.10 Td (be ) Tj ET Q q 0 0 0 rg BT 511.15 313.10 Td (no ) Tj ET Q q 0 0 0 rg BT 523.14 313.10 Td (assurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (that ) Tj ET Q q 0 0 0 rg BT 68.18 301.10 Td (we ) Tj ET Q q 0 0 0 rg BT 83.02 301.10 Td (will ) Tj ET Q q 0 0 0 rg BT 101.75 301.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 139.92 301.10 Td (a ) Tj ET Q q 0 0 0 rg BT 147.54 301.10 Td (level ) Tj ET Q q 0 0 0 rg BT 170.16 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.67 301.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 202.61 301.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 224.12 301.10 Td (from ) Tj ET Q q 0 0 0 rg BT 246.74 301.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 287.69 301.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 326.97 301.10 Td (suf) Tj ET Q q 0 0 0 rg BT 339.01 301.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 367.73 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.69 301.10 Td (make ) Tj ET Q q 0 0 0 rg BT 403.52 301.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 442.25 301.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 483.75 301.10 Td (on ) Tj ET Q q 0 0 0 rg BT 496.93 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.33 301.10 Td (term ) Tj ET Q q 0 0 0 rg BT 533.83 301.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 554.23 301.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 97.46 289.10 Td (with ) Tj ET Q q 0 0 0 rg BT 117.74 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.46 289.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 185.49 289.10 Td (schedule. ) Tj ET Q q 0 0 0 rg BT 225.48 289.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 268.10 Td (In ) Tj ET Q q 0 0 0 rg BT 72.80 268.10 Td (order ) Tj ET Q q 0 0 0 rg BT 96.37 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.62 268.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 131.30 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.99 268.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 195.13 268.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 228.13 268.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.94 268.10 Td (our ) Tj ET Q q 0 0 0 rg BT 254.74 268.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 295.54 268.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 320.77 268.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 351.56 268.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.47 268.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 406.49 268.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 447.29 268.10 Td (due ) Tj ET Q q 0 0 0 rg BT 464.20 268.10 Td (on ) Tj ET Q q 0 0 0 rg BT 476.67 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.36 268.10 Td (term ) Tj ET Q q 0 0 0 rg BT 512.15 268.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 531.84 268.10 Td (facility) Tj ET Q q 0 0 0 rg BT 559.51 268.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.39 256.10 Td (could ) Tj ET Q q 0 0 0 rg BT 89.33 256.10 Td (be ) Tj ET Q q 0 0 0 rg BT 101.49 256.10 Td (required ) Tj ET Q q 0 0 0 rg BT 137.54 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.04 256.10 Td (repatriate ) Tj ET Q q 0 0 0 rg BT 188.51 256.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 213.46 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.97 256.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.91 256.10 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 261.92 256.10 Td (which ) Tj ET Q q 0 0 0 rg BT 289.08 256.10 Td (could ) Tj ET Q q 0 0 0 rg BT 314.03 256.10 Td (require ) Tj ET Q q 0 0 0 rg BT 345.07 256.10 Td (us ) Tj ET Q q 0 0 0 rg BT 356.69 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.19 256.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 384.35 256.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 434.28 256.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 454.79 256.10 Td (tax, ) Tj ET Q q 0 0 0 rg BT 472.23 256.10 Td (or ) Tj ET Q q 0 0 0 rg BT 483.29 256.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 506.01 256.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 525.96 256.10 Td (or ) Tj ET Q q 0 0 0 rg BT 537.01 256.10 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 91.05 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.11 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.61 244.10 Td (public ) Tj ET Q q 0 0 0 rg BT 145.88 244.10 Td (or ) Tj ET Q q 0 0 0 rg BT 157.50 244.10 Td (private ) Tj ET Q q 0 0 0 rg BT 188.54 244.10 Td (markets, ) Tj ET Q q 0 0 0 rg BT 225.98 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.04 244.10 Td (each ) Tj ET Q q 0 0 0 rg BT 258.64 244.10 Td (case ) Tj ET Q q 0 0 0 rg BT 279.13 244.10 Td (on ) Tj ET Q q 0 0 0 rg BT 292.41 244.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 317.91 244.10 Td (which ) Tj ET Q q 0 0 0 rg BT 345.63 244.10 Td (may ) Tj ET Q q 0 0 0 rg BT 366.13 244.10 Td (not ) Tj ET Q q 0 0 0 rg BT 382.19 244.10 Td (be ) Tj ET Q q 0 0 0 rg BT 394.92 244.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 435.95 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.01 244.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 461.69 244.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 480.52 244.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 517.14 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.20 244.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 553.69 244.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (refinance ) Tj ET Q q 0 0 0 rg BT 89.67 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.37 232.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 124.07 232.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 160.98 232.10 Td (when ) Tj ET Q q 0 0 0 rg BT 185.12 232.10 Td (due ) Tj ET Q q 0 0 0 rg BT 202.04 232.10 Td (could ) Tj ET Q q 0 0 0 rg BT 226.74 232.10 Td (have ) Tj ET Q q 0 0 0 rg BT 248.10 232.10 Td (a ) Tj ET Q q 0 0 0 rg BT 255.02 232.10 Td (material ) Tj ET Q q 0 0 0 rg BT 290.26 232.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 323.28 232.10 Td (ef) Tj ET Q q 0 0 0 rg BT 330.87 232.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 348.34 232.10 Td (on ) Tj ET Q q 0 0 0 rg BT 360.82 232.10 Td (our ) Tj ET Q q 0 0 0 rg BT 376.63 232.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 413.01 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.93 232.10 Td (result ) Tj ET Q q 0 0 0 rg BT 454.62 232.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.88 232.10 Td (our ) Tj ET Q q 0 0 0 rg BT 480.70 232.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 516.51 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 526.77 232.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 548.68 232.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 99.44 220.10 Td (which ) Tj ET Q q 0 0 0 rg BT 126.38 220.10 Td (could ) Tj ET Q q 0 0 0 rg BT 151.10 220.10 Td (have ) Tj ET Q q 0 0 0 rg BT 172.48 220.10 Td (a ) Tj ET Q q 0 0 0 rg BT 179.41 220.10 Td (material ) Tj ET Q q 0 0 0 rg BT 214.67 220.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 247.71 220.10 Td (ef) Tj ET Q q 0 0 0 rg BT 255.30 220.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 272.78 220.10 Td (on ) Tj ET Q q 0 0 0 rg BT 285.28 220.10 Td (our ) Tj ET Q q 0 0 0 rg BT 301.11 220.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 324.72 220.10 Td (price.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 199.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 82.16 199.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 127.85 199.10 Td (own ) Tj ET Q q 0 0 0 rg BT 148.57 199.10 Td (a ) Tj ET Q q 0 0 0 rg BT 157.06 199.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 204.44 199.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 237.94 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.76 199.10 Td (our ) Tj ET Q q 0 0 0 rg BT 267.70 199.10 Td (common ) Tj ET Q q 0 0 0 rg BT 306.74 199.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 331.34 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 350.39 199.10 Td (their ) Tj ET Q q 0 0 0 rg BT 373.33 199.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 411.26 199.10 Td (may ) Tj ET Q q 0 0 0 rg BT 431.97 199.10 Td (dif) Tj ET Q q 0 0 0 rg BT 442.89 199.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 458.04 199.10 Td (from ) Tj ET Q q 0 0 0 rg BT 481.53 199.10 Td (those ) Tj ET Q q 0 0 0 rg BT 506.69 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.51 199.10 Td (our ) Tj ET Q q 0 0 0 rg BT 536.45 199.10 Td (public ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (shareholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 166.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 81.74 166.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 128.69 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.31 166.10 Td (their ) Tj ET Q q 0 0 0 rg BT 169.83 166.10 Td (af) Tj ET Q q 0 0 0 rg BT 177.42 166.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 209.92 166.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 242.99 166.10 Td (collectively ) Tj ET Q q 0 0 0 rg BT 293.82 166.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 324.67 166.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.62 166.10 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.95 166.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.13 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.65 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.05 166.10 Td (total ) Tj ET Q q 0 0 0 rg BT 460.02 166.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 489.19 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.71 166.10 Td (common ) Tj ET Q q 0 0 0 rg BT 540.89 166.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.66 154.10 Td (as ) Tj ET Q q 0 0 0 rg BT 108.99 154.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.32 154.10 Td (February ) Tj ET Q q 0 0 0 rg BT 157.42 154.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 171.92 154.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.92 154.10 Td (. ) Tj ET Q q 0 0 0 rg BT 196.42 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.98 154.10 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 240.54 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.76 154.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 293.96 154.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 317.07 154.10 Td (units ) Tj ET Q q 0 0 0 rg BT 338.51 154.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 365.51 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.29 154.10 Td (our ) Tj ET Q q 0 0 0 rg BT 390.62 154.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 435.38 154.10 Td (were ) Tj ET Q q 0 0 0 rg BT 456.81 154.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 477.70 154.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 505.24 154.10 Td (as ) Tj ET Q q 0 0 0 rg BT 515.57 154.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.90 154.10 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 64.30 142.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.30 142.10 Td (, ) Tj ET Q q 0 0 0 rg BT 88.61 142.10 Td (our ) Tj ET Q q 0 0 0 rg BT 103.74 142.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 148.31 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.55 142.10 Td (their ) Tj ET Q q 0 0 0 rg BT 184.68 142.10 Td (af) Tj ET Q q 0 0 0 rg BT 192.26 142.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 221.28 142.10 Td (would ) Tj ET Q q 0 0 0 rg BT 248.08 142.10 Td (have ) Tj ET Q q 0 0 0 rg BT 268.76 142.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 297.23 142.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.79 142.10 Td (23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.12 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 376.92 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.06 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.08 142.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 449.54 142.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 476.34 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.47 142.10 Td (our ) Tj ET Q q 0 0 0 rg BT 501.60 142.10 Td (common ) Tj ET Q q 0 0 0 rg BT 538.40 142.10 Td (stock.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 121.10 Td (As ) Tj ET Q q 0 0 0 rg BT 75.80 121.10 Td (a ) Tj ET Q q 0 0 0 rg BT 82.92 121.10 Td (result ) Tj ET Q q 0 0 0 rg BT 107.83 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.84 121.10 Td (these ) Tj ET Q q 0 0 0 rg BT 142.07 121.10 Td (shareholdings, ) Tj ET Q q 0 0 0 rg BT 202.81 121.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.82 121.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 264.27 121.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 303.05 121.10 Td (are ) Tj ET Q q 0 0 0 rg BT 317.94 121.10 Td (able ) Tj ET Q q 0 0 0 rg BT 337.28 121.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.75 121.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 383.19 121.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 428.08 121.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 467.97 121.10 Td (over ) Tj ET Q q 0 0 0 rg BT 488.43 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.33 121.10 Td (election ) Tj ET Q q 0 0 0 rg BT 537.66 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.68 121.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 78.03 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.96 109.10 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 133.26 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.07 109.10 Td (management ) Tj ET Q q 0 0 0 rg BT 203.75 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.78 109.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 256.48 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.40 109.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 309.76 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.79 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.60 109.10 Td (outcome ) Tj ET Q q 0 0 0 rg BT 381.63 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.55 109.10 Td (any ) Tj ET Q q 0 0 0 rg BT 411.59 109.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 452.93 109.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 500.40 109.10 Td (or ) Tj ET Q q 0 0 0 rg BT 512.32 109.10 Td (other ) Tj ET Q q 0 0 0 rg BT 536.46 109.10 Td (matter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (submitted ) Tj ET Q q 0 0 0 rg BT 91.66 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.65 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.08 97.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 168.83 97.10 Td (for ) Tj ET Q q 0 0 0 rg BT 182.71 97.10 Td (approval, ) Tj ET Q q 0 0 0 rg BT 222.41 97.10 Td (including ) Tj ET Q q 0 0 0 rg BT 262.40 97.10 Td (mer) Tj ET Q q 0 0 0 rg BT 277.76 97.10 Td (gers, ) Tj ET Q q 0 0 0 rg BT 299.14 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.57 97.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 331.33 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.87 97.10 Td (all ) Tj ET Q q 0 0 0 rg BT 354.08 97.10 Td (or ) Tj ET Q q 0 0 0 rg BT 364.63 97.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 417.39 97.10 Td (all ) Tj ET Q q 0 0 0 rg BT 429.60 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.15 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.58 97.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 480.12 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.67 97.10 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 533.14 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 97.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (declaration ) Tj ET Q q 0 0 0 rg BT 96.92 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.86 85.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 150.79 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.62 85.10 Td (dividends. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 64.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 85.25 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.72 64.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 140.63 64.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 176.66 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.13 64.10 Td (common ) Tj ET Q q 0 0 0 rg BT 224.26 64.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 247.51 64.10 Td (by ) Tj ET Q q 0 0 0 rg BT 259.65 64.10 Td (our ) Tj ET Q q 0 0 0 rg BT 275.12 64.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 316.70 64.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 353.82 64.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.40 64.10 Td (other ) Tj ET Q q 0 0 0 rg BT 393.09 64.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 440.49 64.10 Td (or ) Tj ET Q q 0 0 0 rg BT 450.96 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.32 64.10 Td (possibility ) Tj ET Q q 0 0 0 rg BT 509.13 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.60 64.10 Td (such ) Tj ET Q q 0 0 0 rg BT 540.07 64.10 Td (sales, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.04 52.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 109.17 52.10 Td (af) Tj ET Q q 0 0 0 rg BT 116.76 52.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 133.56 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.60 52.10 Td (price ) Tj ET Q q 0 0 0 rg BT 169.40 52.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.55 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.59 52.10 Td (common ) Tj ET Q q 0 0 0 rg BT 230.40 52.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 253.33 52.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.58 52.10 Td (impede ) Tj ET Q q 0 0 0 rg BT 300.84 52.10 Td (our ) Tj ET Q q 0 0 0 rg BT 315.99 52.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 343.36 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 352.95 52.10 Td (raise ) Tj ET Q q 0 0 0 rg BT 373.65 52.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 402.12 52.10 Td (through ) Tj ET Q q 0 0 0 rg BT 435.05 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.08 52.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 484.78 52.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.93 52.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 521.74 52.10 Td (securities. ) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (There ) Tj ET Q q 0 0 0 rg BT 76.55 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 91.99 742.10 Td (no ) Tj ET Q q 0 0 0 rg BT 105.22 742.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 152.89 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 166.12 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.57 742.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 200.35 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.91 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.36 742.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 255.58 742.10 Td (held ) Tj ET Q q 0 0 0 rg BT 276.03 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 289.26 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 305.83 742.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 354.32 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 378.10 742.10 Td (than ) Tj ET Q q 0 0 0 rg BT 398.55 742.10 Td (prohibitions ) Tj ET Q q 0 0 0 rg BT 450.12 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 463.35 742.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 486.02 742.10 Td (during ) Tj ET Q q 0 0 0 rg BT 515.36 742.10 Td (black-out ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 80.93 730.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 116.32 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 127.81 730.10 Td (us ) Tj ET Q q 0 0 0 rg BT 138.20 730.10 Td (between ) Tj ET Q q 0 0 0 rg BT 173.01 730.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 208.38 730.10 Td (releases ) Tj ET Q q 0 0 0 rg BT 241.52 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.46 730.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 286.16 730.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 308.76 730.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 351.92 730.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 394.51 730.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 437.10 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.37 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 461.20 730.10 Td (named ) Tj ET Q q 0 0 0 rg BT 489.35 730.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 529.16 730.10 Td (of) Tj ET Q q 0 0 0 rg BT 537.31 730.10 Td (ficers.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 709.10 Td (A) Tj ET Q q 0 0 0 rg BT 68.12 709.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.92 709.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 115.62 709.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 147.43 709.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.57 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.15 709.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 231.18 709.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.31 709.10 Td (our ) Tj ET Q q 0 0 0 rg BT 257.57 709.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 301.05 709.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 338.96 709.10 Td (is ) Tj ET Q q 0 0 0 rg BT 347.44 709.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 367.02 709.10 Td (in ) Tj ET Q q 0 0 0 rg BT 377.16 709.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 417.29 709.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 440.20 709.10 Td (units ) Tj ET Q q 0 0 0 rg BT 462.58 709.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.94 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 494.52 709.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 523.00 709.10 Td (we ) Tj ET Q q 0 0 0 rg BT 535.91 709.10 Td (expect ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.11 697.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 83.01 697.10 Td (on ) Tj ET Q q 0 0 0 rg BT 95.91 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.03 697.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 142.25 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.92 697.10 Td (those ) Tj ET Q q 0 0 0 rg BT 176.92 697.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 217.58 697.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 241.03 697.10 Td (units ) Tj ET Q q 0 0 0 rg BT 263.94 697.10 Td (could ) Tj ET Q q 0 0 0 rg BT 289.05 697.10 Td (result ) Tj ET Q q 0 0 0 rg BT 314.73 697.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.40 697.10 Td (a ) Tj ET Q q 0 0 0 rg BT 332.74 697.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 378.97 697.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 415.75 697.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.42 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.54 697.10 Td (number ) Tj ET Q q 0 0 0 rg BT 476.11 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.77 697.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 515.78 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.45 697.10 Td (common ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.61 685.10 Td (outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 664.10 Td (As ) Tj ET Q q 0 0 0 rg BT 74.73 664.10 Td (part ) Tj ET Q q 0 0 0 rg BT 91.89 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.83 664.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 130.10 664.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 155.61 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.66 664.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 209.92 664.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 269.58 664.10 Td (we ) Tj ET Q q 0 0 0 rg BT 282.85 664.10 Td (award ) Tj ET Q q 0 0 0 rg BT 308.89 664.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 347.71 664.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 370.43 664.10 Td (units ) Tj ET Q q 0 0 0 rg BT 391.49 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.89 664.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 441.93 664.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 478.53 664.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.59 664.10 Td (other ) Tj ET Q q 0 0 0 rg BT 516.75 664.10 Td (employees. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 652.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.71 652.10 Td (also ) Tj ET Q q 0 0 0 rg BT 84.44 652.10 Td (award ) Tj ET Q q 0 0 0 rg BT 111.50 652.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 151.33 652.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 175.07 652.10 Td (units ) Tj ET Q q 0 0 0 rg BT 197.15 652.10 Td (as ) Tj ET Q q 0 0 0 rg BT 208.11 652.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.18 652.10 Td (long ) Tj ET Q q 0 0 0 rg BT 235.58 652.10 Td (term ) Tj ET Q q 0 0 0 rg BT 256.54 652.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 295.82 652.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.23 652.10 Td (new ) Tj ET Q q 0 0 0 rg BT 325.52 652.10 Td (hires ) Tj ET Q q 0 0 0 rg BT 347.58 652.10 Td (at ) Tj ET Q q 0 0 0 rg BT 357.43 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.28 652.10 Td (time ) Tj ET Q q 0 0 0 rg BT 392.68 652.10 Td (they ) Tj ET Q q 0 0 0 rg BT 412.52 652.10 Td (join ) Tj ET Q q 0 0 0 rg BT 430.71 652.10 Td (Greenhill. ) Tj ET Q q 0 0 0 rg BT 473.02 652.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 652.10 Td (February ) Tj ET Q q 0 0 0 rg BT 524.38 652.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 539.51 652.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 652.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (4,802,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.00 640.10 Td (, ) Tj ET Q q 0 0 0 rg BT 95.71 640.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 136.13 640.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 160.45 640.10 Td (units ) Tj ET Q q 0 0 0 rg BT 183.12 640.10 Td (were ) Tj ET Q q 0 0 0 rg BT 205.76 640.10 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 258.14 640.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.13 640.10 Td (1,999,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.13 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.34 640.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 382.76 640.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 407.08 640.10 Td (units ) Tj ET Q q 0 0 0 rg BT 429.74 640.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 462.94 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.94 640.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 519.91 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 530.91 640.10 Td (January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 71.62 628.10 Td (as ) Tj ET Q q 0 0 0 rg BT 81.57 628.10 Td (part ) Tj ET Q q 0 0 0 rg BT 98.73 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.68 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.52 628.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 163.57 628.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 201.84 628.10 Td (award ) Tj ET Q q 0 0 0 rg BT 227.89 628.10 Td (component ) Tj ET Q q 0 0 0 rg BT 273.94 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.89 628.10 Td (our ) Tj ET Q q 0 0 0 rg BT 298.84 628.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 327.11 628.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 384.27 628.10 Td (package. ) Tj ET Q q 0 0 0 rg BT 421.14 628.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 442.75 628.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 481.57 628.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 504.29 628.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 521.47 628.10 Td (represents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.29 616.10 Td (holder) Tj ET Q q 0 0 0 rg BT 91.21 616.10 Td () Tj ET Q q 0 0 0 rg BT 93.99 616.10 Td (s ) Tj ET Q q 0 0 0 rg BT 100.95 616.10 Td (right ) Tj ET Q q 0 0 0 rg BT 122.91 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.76 616.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 165.70 616.10 Td (one ) Tj ET Q q 0 0 0 rg BT 183.21 616.10 Td (share ) Tj ET Q q 0 0 0 rg BT 207.39 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 218.79 616.10 Td (our ) Tj ET Q q 0 0 0 rg BT 235.19 616.10 Td (common ) Tj ET Q q 0 0 0 rg BT 273.26 616.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 297.44 616.10 Td (or ) Tj ET Q q 0 0 0 rg BT 308.85 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.36 616.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 337.20 616.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 374.71 616.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 399.44 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.29 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.58 616.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 442.53 616.10 Td (value ) Tj ET Q q 0 0 0 rg BT 467.26 616.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 501.15 616.10 Td (at ) Tj ET Q q 0 0 0 rg BT 511.44 616.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.84 616.10 Td (election, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (following ) Tj ET Q q 0 0 0 rg BT 92.33 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.99 604.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 152.52 604.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 184.85 604.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 206.69 604.10 Td (A) Tj ET Q q 0 0 0 rg BT 213.00 604.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 240.32 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.10 604.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 292.74 604.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 317.29 604.10 Td (units ) Tj ET Q q 0 0 0 rg BT 340.19 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.41 604.10 Td (our ) Tj ET Q q 0 0 0 rg BT 368.18 604.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 411.06 604.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 449.49 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.37 604.10 Td (other ) Tj ET Q q 0 0 0 rg BT 491.36 604.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 519.25 604.10 Td (employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 89.61 592.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 108.12 592.10 Td (either ) Tj ET Q q 0 0 0 rg BT 133.29 592.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 163.46 592.10 Td (over ) Tj ET Q q 0 0 0 rg BT 183.64 592.10 Td (a ) Tj ET Q q 0 0 0 rg BT 190.48 592.10 Td (five ) Tj ET Q q 0 0 0 rg BT 208.44 592.10 Td (year ) Tj ET Q q 0 0 0 rg BT 228.05 592.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 258.50 592.10 Td (with ) Tj ET Q q 0 0 0 rg BT 278.69 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.31 592.10 Td (first ) Tj ET Q q 0 0 0 rg BT 311.82 592.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 343.12 592.10 Td (on ) Tj ET Q q 0 0 0 rg BT 355.52 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.15 592.10 Td (first ) Tj ET Q q 0 0 0 rg BT 388.66 592.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 437.71 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.45 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.07 592.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 486.03 592.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 507.59 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 518.32 592.10 Td (do ) Tj ET Q q 0 0 0 rg BT 530.73 592.10 Td (not ) Tj ET Q q 0 0 0 rg BT 545.91 592.10 Td (vest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (until ) Tj ET Q q 0 0 0 rg BT 70.57 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.01 580.10 Td (third ) Tj ET Q q 0 0 0 rg BT 106.13 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 116.69 580.10 Td (fifth ) Tj ET Q q 0 0 0 rg BT 136.14 580.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 185.02 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.58 580.10 Td (their ) Tj ET Q q 0 0 0 rg BT 216.14 580.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 238.92 580.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 260.30 580.10 Td (when ) Tj ET Q q 0 0 0 rg BT 284.19 580.10 Td (they ) Tj ET Q q 0 0 0 rg BT 303.64 580.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 321.98 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.99 580.10 Td (full, ) Tj ET Q q 0 0 0 rg BT 350.61 580.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 381.17 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.18 580.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 432.84 580.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 485.06 580.10 Td (on ) Tj ET Q q 0 0 0 rg BT 497.29 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.74 580.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 542.86 580.10 Td (date. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (A) Tj ET Q q 0 0 0 rg BT 56.30 568.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 82.67 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.49 568.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 133.18 568.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 156.78 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.04 568.10 Td (our ) Tj ET Q q 0 0 0 rg BT 182.86 568.10 Td (more ) Tj ET Q q 0 0 0 rg BT 205.90 568.10 Td (junior ) Tj ET Q q 0 0 0 rg BT 232.27 568.10 Td (professionals ) Tj ET Q q 0 0 0 rg BT 287.53 568.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 327.22 568.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 345.81 568.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 376.06 568.10 Td (over ) Tj ET Q q 0 0 0 rg BT 396.32 568.10 Td (a ) Tj ET Q q 0 0 0 rg BT 403.25 568.10 Td (three ) Tj ET Q q 0 0 0 rg BT 425.72 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 435.99 568.10 Td (four ) Tj ET Q q 0 0 0 rg BT 455.13 568.10 Td (year ) Tj ET Q q 0 0 0 rg BT 474.83 568.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 505.36 568.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 534.51 568.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.56 568.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 76.93 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 86.63 556.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 116.88 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.13 556.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 166.26 556.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 189.30 556.10 Td (units ) Tj ET Q q 0 0 0 rg BT 210.68 556.10 Td (only ) Tj ET Q q 0 0 0 rg BT 230.38 556.10 Td (under ) Tj ET Q q 0 0 0 rg BT 255.08 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 269.22 556.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 327.79 556.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 365.81 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.52 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.66 556.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 432.68 556.10 Td (award ) Tj ET Q q 0 0 0 rg BT 459.04 556.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 506.50 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.86 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.01 556.10 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 89.06 544.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 111.18 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.02 544.10 Td (may ) Tj ET Q q 0 0 0 rg BT 147.65 544.10 Td (be ) Tj ET Q q 0 0 0 rg BT 159.49 544.10 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 196.32 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.51 544.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 236.12 544.10 Td (cases. ) Tj ET Q q 0 0 0 rg BT 261.95 544.10 Td (V) Tj ET Q q 0 0 0 rg BT 268.06 544.10 Td (esting ) Tj ET Q q 0 0 0 rg BT 294.35 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.09 544.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 344.70 544.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 368.21 544.10 Td (units ) Tj ET Q q 0 0 0 rg BT 390.07 544.10 Td (will ) Tj ET Q q 0 0 0 rg BT 408.03 544.10 Td (be ) Tj ET Q q 0 0 0 rg BT 419.87 544.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 467.24 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 484.08 544.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 536.47 544.10 Td (vested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.25 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 78.95 532.10 Td (participant) Tj ET Q q 0 0 0 rg BT 124.49 532.10 Td (s ) Tj ET Q q 0 0 0 rg BT 130.63 532.10 Td (death, ) Tj ET Q q 0 0 0 rg BT 157.04 532.10 Td (disability ) Tj ET Q q 0 0 0 rg BT 196.52 532.10 Td (or ) Tj ET Q q 0 0 0 rg BT 207.10 532.10 Td (retirement. ) Tj ET Q q 0 0 0 rg BT 252.95 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 254.70 532.10 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 297.52 532.10 Td (all ) Tj ET Q q 0 0 0 rg BT 309.77 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.36 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.83 532.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 378.75 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.78 532.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 419.92 532.10 Td (are ) Tj ET Q q 0 0 0 rg BT 434.38 532.10 Td (fulfilled, ) Tj ET Q q 0 0 0 rg BT 471.35 532.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 498.60 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 508.63 532.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 539.20 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 532.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 89.20 520.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 112.30 520.10 Td (units ) Tj ET Q q 0 0 0 rg BT 133.74 520.10 Td (that ) Tj ET Q q 0 0 0 rg BT 150.73 520.10 Td (were ) Tj ET Q q 0 0 0 rg BT 172.16 520.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 220.82 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 231.14 520.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.46 520.10 Td (February ) Tj ET Q q 0 0 0 rg BT 279.56 520.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 294.05 520.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.05 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 316.05 520.10 Td (are ) Tj ET Q q 0 0 0 rg BT 330.25 520.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 372.23 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.00 520.10 Td (be ) Tj ET Q q 0 0 0 rg BT 393.44 520.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 420.43 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 430.75 520.10 Td (follows: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.53 520.10 Td (63,418) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.03 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 495.02 520.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 537.01 520.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.59 508.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.59 508.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.90 508.10 Td (1,189,233) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.90 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.71 508.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 152.51 508.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.10 508.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.10 508.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.42 508.10 Td (1,180,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.42 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 228.23 508.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 255.03 508.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.62 508.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.62 508.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.93 508.10 Td (1,070,585) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.93 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.74 508.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 357.54 508.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.13 508.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.13 508.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.45 508.10 Td (929,417) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.95 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 425.76 508.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 452.56 508.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 508.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 486.46 508.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.71 508.10 Td (369,798) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.21 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 537.02 508.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 496.10 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.28 496.10 Td (. ) Tj ET Q q 0 0 0 rg BT 85.28 496.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 475.10 Td (In ) Tj ET Q q 0 0 0 rg BT 73.33 475.10 Td (January ) Tj ET Q q 0 0 0 rg BT 107.43 475.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 132.94 475.10 Td (we ) Tj ET Q q 0 0 0 rg BT 147.60 475.10 Td (also ) Tj ET Q q 0 0 0 rg BT 166.71 475.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 203.58 475.10 Td (1) Tj ET Q q 0 0 0 rg BT 208.21 475.10 Td (15,473 ) Tj ET Q q 0 0 0 rg BT 238.71 475.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 292.24 475.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 332.44 475.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 356.56 475.10 Td (units ) Tj ET Q q 0 0 0 rg BT 379.01 475.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.79 475.10 Td (our ) Tj ET Q q 0 0 0 rg BT 406.12 475.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 431.34 475.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 474.32 475.10 Td (Of) Tj ET Q q 0 0 0 rg BT 484.70 475.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 506.01 475.10 Td (for ) Tj ET Q q 0 0 0 rg BT 520.68 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.90 475.10 Td (Firm) Tj ET Q q 0 0 0 rg BT 558.12 475.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 74.69 463.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 97.73 463.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 151.29 463.10 Td (year) Tj ET Q q 0 0 0 rg BT 167.94 463.10 Td (. ) Tj ET Q q 0 0 0 rg BT 173.48 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.29 463.10 Td (The ) Tj ET Q q 0 0 0 rg BT 194.88 463.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 248.44 463.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 288.67 463.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 312.82 463.10 Td (units ) Tj ET Q q 0 0 0 rg BT 335.30 463.10 Td (will ) Tj ET Q q 0 0 0 rg BT 353.90 463.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 373.04 463.10 Td (based ) Tj ET Q q 0 0 0 rg BT 398.84 463.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 421.88 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.13 463.10 Td (Firm) Tj ET Q q 0 0 0 rg BT 459.36 463.10 Td (s ) Tj ET Q q 0 0 0 rg BT 466.29 463.10 Td (level ) Tj ET Q q 0 0 0 rg BT 488.76 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.12 463.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 553.69 463.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (three ) Tj ET Q q 0 0 0 rg BT 71.77 451.10 Td (equally ) Tj ET Q q 0 0 0 rg BT 103.00 451.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 141.44 451.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 193.75 451.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 224.97 451.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 265.08 451.10 Td (over ) Tj ET Q q 0 0 0 rg BT 284.63 451.10 Td (a ) Tj ET Q q 0 0 0 rg BT 290.86 451.10 Td (three-year ) Tj ET Q q 0 0 0 rg BT 333.17 451.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 385.48 451.10 Td (period ) Tj ET Q q 0 0 0 rg BT 412.82 451.10 Td (running ) Tj ET Q q 0 0 0 rg BT 445.72 451.10 Td (from ) Tj ET Q q 0 0 0 rg BT 466.94 451.10 Td (January ) Tj ET Q q 0 0 0 rg BT 499.83 451.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 509.12 451.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 530.91 451.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (December ) Tj ET Q q 0 0 0 rg BT 93.37 439.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.15 439.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 132.94 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 135.22 439.10 Td (Subject ) Tj ET Q q 0 0 0 rg BT 167.50 439.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.56 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.06 439.10 Td (level ) Tj ET Q q 0 0 0 rg BT 213.78 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.40 439.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 277.21 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.82 439.10 Td (each ) Tj ET Q q 0 0 0 rg BT 308.42 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.04 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.54 439.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 386.34 439.10 Td (metrics, ) Tj ET Q q 0 0 0 rg BT 420.56 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.06 439.10 Td (number ) Tj ET Q q 0 0 0 rg BT 467.89 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.51 439.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 505.78 439.10 Td (issuable ) Tj ET Q q 0 0 0 rg BT 540.28 439.10 Td (at ) Tj ET Q q 0 0 0 rg BT 549.78 439.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (end ) Tj ET Q q 0 0 0 rg BT 67.09 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.06 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.93 427.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 146.10 427.10 Td (period ) Tj ET Q q 0 0 0 rg BT 174.29 427.10 Td (could ) Tj ET Q q 0 0 0 rg BT 199.16 427.10 Td (be ) Tj ET Q q 0 0 0 rg BT 211.25 427.10 Td (zero ) Tj ET Q q 0 0 0 rg BT 231.10 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.53 427.10 Td (288,683. ) Tj ET Q q 0 0 0 rg BT 278.98 427.10 Td (V) Tj ET Q q 0 0 0 rg BT 285.10 427.10 Td (esting ) Tj ET Q q 0 0 0 rg BT 311.63 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.61 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.47 427.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 390.64 427.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 430.49 427.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 454.25 427.10 Td (units ) Tj ET Q q 0 0 0 rg BT 476.35 427.10 Td (will ) Tj ET Q q 0 0 0 rg BT 494.55 427.10 Td (be ) Tj ET Q q 0 0 0 rg BT 506.64 427.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 554.24 427.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 415.10 Td (case ) Tj ET Q q 0 0 0 rg BT 84.42 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.25 415.10 Td (death, ) Tj ET Q q 0 0 0 rg BT 121.91 415.10 Td (disability) Tj ET Q q 0 0 0 rg BT 158.48 415.10 Td (, ) Tj ET Q q 0 0 0 rg BT 163.48 415.10 Td (or ) Tj ET Q q 0 0 0 rg BT 174.31 415.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 217.90 415.10 Td (after ) Tj ET Q q 0 0 0 rg BT 238.72 415.10 Td (at ) Tj ET Q q 0 0 0 rg BT 248.43 415.10 Td (least ) Tj ET Q q 0 0 0 rg BT 269.26 415.10 Td (one ) Tj ET Q q 0 0 0 rg BT 286.20 415.10 Td (year ) Tj ET Q q 0 0 0 rg BT 305.90 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.73 415.10 Td (service.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 394.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.15 394.10 Td (e ) Tj ET Q q 0 0 0 rg BT 77.09 394.10 Td (may ) Tj ET Q q 0 0 0 rg BT 96.80 394.10 Td (be ) Tj ET Q q 0 0 0 rg BT 108.74 394.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 139.58 394.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.86 394.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 185.69 394.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.97 394.10 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 234.02 394.10 Td (ef) Tj ET Q q 0 0 0 rg BT 241.61 394.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 259.09 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.92 394.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 297.42 394.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 329.37 394.10 Td (through ) Tj ET Q q 0 0 0 rg BT 365.23 394.10 Td (share ) Tj ET Q q 0 0 0 rg BT 390.51 394.10 Td (repurchases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 373.10 Td (Upon ) Tj ET Q q 0 0 0 rg BT 86.97 373.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 122.48 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.56 373.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 173.51 373.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 197.37 373.10 Td (units ) Tj ET Q q 0 0 0 rg BT 219.56 373.10 Td (at ) Tj ET Q q 0 0 0 rg BT 229.53 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.49 373.10 Td (time ) Tj ET Q q 0 0 0 rg BT 265.01 373.10 Td (they ) Tj ET Q q 0 0 0 rg BT 284.98 373.10 Td (vest, ) Tj ET Q q 0 0 0 rg BT 306.33 373.10 Td (over ) Tj ET Q q 0 0 0 rg BT 326.85 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.82 373.10 Td (past ) Tj ET Q q 0 0 0 rg BT 360.67 373.10 Td (five ) Tj ET Q q 0 0 0 rg BT 378.97 373.10 Td (years ) Tj ET Q q 0 0 0 rg BT 402.81 373.10 Td (we ) Tj ET Q q 0 0 0 rg BT 417.22 373.10 Td (have ) Tj ET Q q 0 0 0 rg BT 438.85 373.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 489.90 373.10 Td (from ) Tj ET Q q 0 0 0 rg BT 512.09 373.10 Td (38% ) Tj ET Q q 0 0 0 rg BT 533.17 373.10 Td (to ) Tj ET Q q 0 0 0 rg BT 543.69 373.10 Td (43% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 87.43 361.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.76 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.98 361.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 145.30 361.10 Td (for ) Tj ET Q q 0 0 0 rg BT 159.96 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.17 361.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 212.61 361.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.94 361.10 Td (income ) Tj ET Q q 0 0 0 rg BT 256.37 361.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 271.59 361.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 322.92 361.10 Td (due ) Tj ET Q q 0 0 0 rg BT 340.36 361.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 363.36 361.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 407.46 361.10 Td (of ) Tj ET Q q 0 0 0 rg BT 418.79 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.00 361.10 Td (awards. ) Tj ET Q q 0 0 0 rg BT 467.82 361.10 Td (Further) Tj ET Q q 0 0 0 rg BT 496.86 361.10 Td (, ) Tj ET Q q 0 0 0 rg BT 502.36 361.10 Td (we ) Tj ET Q q 0 0 0 rg BT 517.02 361.10 Td (historically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (have ) Tj ET Q q 0 0 0 rg BT 71.98 349.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 123.40 349.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.28 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.61 349.10 Td (open ) Tj ET Q q 0 0 0 rg BT 172.16 349.10 Td (market ) Tj ET Q q 0 0 0 rg BT 203.03 349.10 Td (a ) Tj ET Q q 0 0 0 rg BT 210.57 349.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 255.89 349.10 Td (number ) Tj ET Q q 0 0 0 rg BT 289.55 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.99 349.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 329.08 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.52 349.10 Td (our ) Tj ET Q q 0 0 0 rg BT 356.96 349.10 Td (common ) Tj ET Q q 0 0 0 rg BT 395.06 349.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 421.78 349.10 Td (In ) Tj ET Q q 0 0 0 rg BT 433.22 349.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 458.83 349.10 Td (although ) Tj ET Q q 0 0 0 rg BT 496.93 349.10 Td (we ) Tj ET Q q 0 0 0 rg BT 511.70 349.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 554.24 349.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 95.02 337.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 121.73 337.10 Td (for ) Tj ET Q q 0 0 0 rg BT 135.10 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.04 337.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 185.19 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.23 337.10 Td (income ) Tj ET Q q 0 0 0 rg BT 226.38 337.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 240.32 337.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 290.37 337.10 Td (on ) Tj ET Q q 0 0 0 rg BT 302.08 337.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 329.35 337.10 Td (RSUs, ) Tj ET Q q 0 0 0 rg BT 356.91 337.10 Td (we ) Tj ET Q q 0 0 0 rg BT 370.29 337.10 Td (did ) Tj ET Q q 0 0 0 rg BT 384.78 337.10 Td (not ) Tj ET Q q 0 0 0 rg BT 399.27 337.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 444.30 337.10 Td (any ) Tj ET Q q 0 0 0 rg BT 460.45 337.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 487.16 337.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.65 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.59 337.10 Td (open ) Tj ET Q q 0 0 0 rg BT 531.74 337.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 564.50 337.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.12 325.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 96.24 325.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.59 325.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 152.46 325.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 180.02 325.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.37 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.15 325.10 Td (future ) Tj ET Q q 0 0 0 rg BT 231.60 325.10 Td (will ) Tj ET Q q 0 0 0 rg BT 249.72 325.10 Td (be ) Tj ET Q q 0 0 0 rg BT 261.73 325.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 305.39 325.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 327.96 325.10 Td (our ) Tj ET Q q 0 0 0 rg BT 343.86 325.10 Td (available ) Tj ET Q q 0 0 0 rg BT 382.51 325.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 402.85 325.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 423.75 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.76 325.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 487.19 325.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 507.53 325.10 Td (needs, ) Tj ET Q q 0 0 0 rg BT 535.37 325.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 106.67 313.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 139.91 313.10 Td (, ) Tj ET Q q 0 0 0 rg BT 144.37 313.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 163.55 313.10 Td (service ) Tj ET Q q 0 0 0 rg BT 193.83 313.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 242.73 313.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 279.69 313.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 319.98 313.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.38 313.10 Td (other ) Tj ET Q q 0 0 0 rg BT 358.89 313.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 393.06 313.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 424.73 313.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.69 313.10 Td (If ) Tj ET Q q 0 0 0 rg BT 435.31 313.10 Td (we ) Tj ET Q q 0 0 0 rg BT 448.94 313.10 Td (were ) Tj ET Q q 0 0 0 rg BT 470.33 313.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.07 313.10 Td (cease ) Tj ET Q q 0 0 0 rg BT 503.68 313.10 Td (or ) Tj ET Q q 0 0 0 rg BT 513.97 313.10 Td (were ) Tj ET Q q 0 0 0 rg BT 535.36 313.10 Td (unable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.41 301.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 104.35 301.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 130.98 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.94 301.10 Td (common ) Tj ET Q q 0 0 0 rg BT 177.57 301.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 202.82 301.10 Td (or ) Tj ET Q q 0 0 0 rg BT 212.78 301.10 Td (choose ) Tj ET Q q 0 0 0 rg BT 242.18 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.60 301.10 Td (allocate ) Tj ET Q q 0 0 0 rg BT 284.32 301.10 Td (available ) Tj ET Q q 0 0 0 rg BT 322.04 301.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 350.33 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.74 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.59 301.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 417.43 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.40 301.10 Td (borrowings, ) Tj ET Q q 0 0 0 rg BT 477.08 301.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 513.15 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.12 301.10 Td (dividends ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.13 289.10 Td (other ) Tj ET Q q 0 0 0 rg BT 84.49 289.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 125.04 289.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 165.90 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.92 289.10 Td (number ) Tj ET Q q 0 0 0 rg BT 214.27 289.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.41 289.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 253.20 289.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 302.67 289.10 Td (would ) Tj ET Q q 0 0 0 rg BT 330.47 289.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 366.03 289.10 Td (over ) Tj ET Q q 0 0 0 rg BT 386.60 289.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 409.68 289.10 Td (diluting ) Tj ET Q q 0 0 0 rg BT 443.60 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.62 289.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 503.08 289.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.22 289.10 Td (our ) Tj ET Q q 0 0 0 rg BT 530.35 289.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (stockholders.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 256.10 Td (Employee ) Tj ET Q q 0 0 0 rg BT 105.04 256.10 Td (misconduct ) Tj ET Q q 0 0 0 rg BT 154.77 256.10 Td (could ) Tj ET Q q 0 0 0 rg BT 180.05 256.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 204.78 256.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 246.73 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.79 256.10 Td (is ) Tj ET Q q 0 0 0 rg BT 273.96 256.10 Td (dif) Tj ET Q q 0 0 0 rg BT 284.89 256.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 309.05 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.33 256.10 Td (detect ) Tj ET Q q 0 0 0 rg BT 345.70 256.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.76 256.10 Td (deter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 235.10 Td (There ) Tj ET Q q 0 0 0 rg BT 87.53 235.10 Td (have ) Tj ET Q q 0 0 0 rg BT 108.62 235.10 Td (been ) Tj ET Q q 0 0 0 rg BT 129.72 235.10 Td (a ) Tj ET Q q 0 0 0 rg BT 136.37 235.10 Td (number ) Tj ET Q q 0 0 0 rg BT 169.13 235.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.68 235.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 207.45 235.10 Td (publicized ) Tj ET Q q 0 0 0 rg BT 251.32 235.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 274.63 235.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 315.18 235.10 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 341.00 235.10 Td (insider ) Tj ET Q q 0 0 0 rg BT 370.43 235.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 400.97 235.10 Td (or ) Tj ET Q q 0 0 0 rg BT 411.52 235.10 Td (other ) Tj ET Q q 0 0 0 rg BT 434.28 235.10 Td (misconduct ) Tj ET Q q 0 0 0 rg BT 482.60 235.10 Td (by ) Tj ET Q q 0 0 0 rg BT 494.82 235.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 539.79 235.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 235.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.35 223.10 Td (services ) Tj ET Q q 0 0 0 rg BT 121.93 223.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 157.08 223.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.24 223.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 194.03 223.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 220.00 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.82 223.10 Td (we ) Tj ET Q q 0 0 0 rg BT 250.85 223.10 Td (run ) Tj ET Q q 0 0 0 rg BT 266.55 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.14 223.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 298.52 223.10 Td (that ) Tj ET Q q 0 0 0 rg BT 315.88 223.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 357.13 223.10 Td (misconduct ) Tj ET Q q 0 0 0 rg BT 405.61 223.10 Td (could ) Tj ET Q q 0 0 0 rg BT 430.20 223.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 454.78 223.10 Td (at ) Tj ET Q q 0 0 0 rg BT 464.37 223.10 Td (Greenhill. ) Tj ET Q q 0 0 0 rg BT 507.00 223.10 Td ( ) Tj ET Q q 0 0 0 rg BT 509.38 223.10 Td (For ) Tj ET Q q 0 0 0 rg BT 525.64 223.10 Td (example, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (misconduct ) Tj ET Q q 0 0 0 rg BT 97.65 211.10 Td (by ) Tj ET Q q 0 0 0 rg BT 109.20 211.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 153.51 211.10 Td (could ) Tj ET Q q 0 0 0 rg BT 177.27 211.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 208.81 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.58 211.10 Td (improper ) Tj ET Q q 0 0 0 rg BT 260.78 211.10 Td (use ) Tj ET Q q 0 0 0 rg BT 275.66 211.10 Td (or ) Tj ET Q q 0 0 0 rg BT 285.53 211.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 327.63 211.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.50 211.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 386.81 211.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 438.07 211.10 Td (which ) Tj ET Q q 0 0 0 rg BT 464.05 211.10 Td (could ) Tj ET Q q 0 0 0 rg BT 487.82 211.10 Td (result ) Tj ET Q q 0 0 0 rg BT 511.58 211.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.91 211.10 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 90.02 199.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.25 199.10 Td (material ) Tj ET Q q 0 0 0 rg BT 142.81 199.10 Td (fines, ) Tj ET Q q 0 0 0 rg BT 167.55 199.10 Td (or ) Tj ET Q q 0 0 0 rg BT 178.68 199.10 Td (insider ) Tj ET Q q 0 0 0 rg BT 208.70 199.10 Td (trading, ) Tj ET Q q 0 0 0 rg BT 242.32 199.10 Td (which ) Tj ET Q q 0 0 0 rg BT 269.56 199.10 Td (could ) Tj ET Q q 0 0 0 rg BT 294.57 199.10 Td (lead ) Tj ET Q q 0 0 0 rg BT 314.03 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.61 199.10 Td (criminal ) Tj ET Q q 0 0 0 rg BT 360.73 199.10 Td (char) Tj ET Q q 0 0 0 rg BT 377.75 199.10 Td (ges. ) Tj ET Q q 0 0 0 rg BT 396.38 199.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 414.73 199.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 451.97 199.10 Td (business ) Tj ET Q q 0 0 0 rg BT 488.66 199.10 Td (often ) Tj ET Q q 0 0 0 rg BT 512.01 199.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 547.01 199.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.20 187.10 Td (deal ) Tj ET Q q 0 0 0 rg BT 83.39 187.10 Td (with ) Tj ET Q q 0 0 0 rg BT 103.71 187.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 131.81 187.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 182.10 187.10 Td (information ) Tj ET Q q 0 0 0 rg BT 231.86 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.72 187.10 Td (great ) Tj ET Q q 0 0 0 rg BT 265.25 187.10 Td (significance ) Tj ET Q q 0 0 0 rg BT 316.10 187.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.42 187.10 Td (our ) Tj ET Q q 0 0 0 rg BT 342.29 187.10 Td (clients, ) Tj ET Q q 0 0 0 rg BT 373.43 187.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.18 187.10 Td (improper ) Tj ET Q q 0 0 0 rg BT 427.38 187.10 Td (use ) Tj ET Q q 0 0 0 rg BT 443.25 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.12 187.10 Td (which ) Tj ET Q q 0 0 0 rg BT 481.09 187.10 Td (may ) Tj ET Q q 0 0 0 rg BT 500.85 187.10 Td (have ) Tj ET Q q 0 0 0 rg BT 522.27 187.10 Td (a ) Tj ET Q q 0 0 0 rg BT 529.24 187.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 83.22 175.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 113.11 175.10 Td (on ) Tj ET Q q 0 0 0 rg BT 125.80 175.10 Td (our ) Tj ET Q q 0 0 0 rg BT 141.81 175.10 Td (clients. ) Tj ET Q q 0 0 0 rg BT 173.09 175.10 Td (It ) Tj ET Q q 0 0 0 rg BT 181.88 175.10 Td (is ) Tj ET Q q 0 0 0 rg BT 191.24 175.10 Td (not ) Tj ET Q q 0 0 0 rg BT 206.70 175.10 Td (always ) Tj ET Q q 0 0 0 rg BT 237.15 175.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 272.61 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.07 175.10 Td (deter ) Tj ET Q q 0 0 0 rg BT 305.74 175.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 347.29 175.10 Td (misconduct ) Tj ET Q q 0 0 0 rg BT 396.08 175.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.20 175.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.09 175.10 Td (precautions ) Tj ET Q q 0 0 0 rg BT 476.87 175.10 Td (we ) Tj ET Q q 0 0 0 rg BT 491.21 175.10 Td (take ) Tj ET Q q 0 0 0 rg BT 510.55 175.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.01 175.10 Td (detect ) Tj ET Q q 0 0 0 rg BT 547.56 175.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 82.36 163.10 Td (this ) Tj ET Q q 0 0 0 rg BT 99.18 163.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 131.55 163.10 Td (may ) Tj ET Q q 0 0 0 rg BT 151.14 163.10 Td (not ) Tj ET Q q 0 0 0 rg BT 166.30 163.10 Td (be ) Tj ET Q q 0 0 0 rg BT 178.11 163.10 Td (ef) Tj ET Q q 0 0 0 rg BT 185.70 163.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 215.28 163.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.43 163.10 Td (all ) Tj ET Q q 0 0 0 rg BT 237.80 163.10 Td (cases. ) Tj ET Q q 0 0 0 rg BT 263.77 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 265.63 163.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 285.22 163.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 314.24 163.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.95 163.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.65 163.10 Td (clients) Tj ET Q q 0 0 0 rg BT 369.35 163.10 Td ( ) Tj ET Q q 0 0 0 rg BT 371.72 163.10 Td (confidences ) Tj ET Q q 0 0 0 rg BT 421.85 163.10 Td (as ) Tj ET Q q 0 0 0 rg BT 432.56 163.10 Td (a ) Tj ET Q q 0 0 0 rg BT 439.37 163.10 Td (result ) Tj ET Q q 0 0 0 rg BT 463.96 163.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.67 163.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 515.92 163.10 Td (misconduct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.72 151.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 92.76 151.10 Td (our ) Tj ET Q q 0 0 0 rg BT 108.59 151.10 Td (reputation ) Tj ET Q q 0 0 0 rg BT 151.64 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.57 151.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 197.18 151.10 Td (our ) Tj ET Q q 0 0 0 rg BT 213.01 151.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 241.06 151.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.34 151.10 Td (attract ) Tj ET Q q 0 0 0 rg BT 278.82 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.76 151.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 321.02 151.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 357.96 151.10 Td (clients, ) Tj ET Q q 0 0 0 rg BT 389.06 151.10 Td (which ) Tj ET Q q 0 0 0 rg BT 416.00 151.10 Td (could ) Tj ET Q q 0 0 0 rg BT 440.72 151.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 481.53 151.10 Td (af) Tj ET Q q 0 0 0 rg BT 489.12 151.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 506.61 151.10 Td (our ) Tj ET Q q 0 0 0 rg BT 522.44 151.10 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 130.10 Td (In ) Tj ET Q q 0 0 0 rg BT 73.49 130.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 101.08 130.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 127.84 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.22 130.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 164.16 130.10 Td (Department ) Tj ET Q q 0 0 0 rg BT 214.52 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.02 130.10 Td (Justice ) Tj ET Q q 0 0 0 rg BT 256.39 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.99 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.37 130.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 310.87 130.10 Td (have ) Tj ET Q q 0 0 0 rg BT 332.91 130.10 Td (also ) Tj ET Q q 0 0 0 rg BT 352.18 130.10 Td (devoted ) Tj ET Q q 0 0 0 rg BT 387.00 130.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 417.92 130.10 Td (resources ) Tj ET Q q 0 0 0 rg BT 458.84 130.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.78 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.15 130.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 538.29 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 130.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 84.36 118.10 Td (Corrupt ) Tj ET Q q 0 0 0 rg BT 118.73 118.10 Td (Practices ) Tj ET Q q 0 0 0 rg BT 157.36 118.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 177.55 118.10 Td (In ) Tj ET Q q 0 0 0 rg BT 189.14 118.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 227.67 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.14 118.10 Td (United ) Tj ET Q q 0 0 0 rg BT 273.61 118.10 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 314.65 118.10 Td (has ) Tj ET Q q 0 0 0 rg BT 331.23 118.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 384.48 118.10 Td (expanded ) Tj ET Q q 0 0 0 rg BT 426.05 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.52 118.10 Td (reach ) Tj ET Q q 0 0 0 rg BT 466.43 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 478.01 118.10 Td (its ) Tj ET Q q 0 0 0 rg BT 490.72 118.10 Td (anti-bribery ) Tj ET Q q 0 0 0 rg BT 541.17 118.10 Td (laws. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (While ) Tj ET Q q 0 0 0 rg BT 77.24 106.10 Td (we ) Tj ET Q q 0 0 0 rg BT 91.71 106.10 Td (have ) Tj ET Q q 0 0 0 rg BT 113.40 106.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 157.30 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.55 106.10 Td (implemented ) Tj ET Q q 0 0 0 rg BT 229.57 106.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 263.48 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.73 106.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 327.41 106.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 365.77 106.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.35 106.10 Td (ensure ) Tj ET Q q 0 0 0 rg BT 405.26 106.10 Td (strict ) Tj ET Q q 0 0 0 rg BT 428.07 106.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 476.97 106.10 Td (with ) Tj ET Q q 0 0 0 rg BT 497.56 106.10 Td (anti-bribery ) Tj ET Q q 0 0 0 rg BT 547.57 106.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (other ) Tj ET Q q 0 0 0 rg BT 73.48 94.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 97.25 94.10 Td (such ) Tj ET Q q 0 0 0 rg BT 118.51 94.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 152.55 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.92 94.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 216.72 94.10 Td (may ) Tj ET Q q 0 0 0 rg BT 236.88 94.10 Td (not ) Tj ET Q q 0 0 0 rg BT 252.59 94.10 Td (be ) Tj ET Q q 0 0 0 rg BT 264.96 94.10 Td (ef) Tj ET Q q 0 0 0 rg BT 272.55 94.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 302.69 94.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.40 94.10 Td (all ) Tj ET Q q 0 0 0 rg BT 326.33 94.10 Td (instances ) Tj ET Q q 0 0 0 rg BT 365.92 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.63 94.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 409.55 94.10 Td (violations. ) Tj ET Q q 0 0 0 rg BT 453.78 94.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 473.94 94.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 532.41 94.10 Td (that ) Tj ET Q q 0 0 0 rg BT 550.34 94.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.10 Td (have ) Tj ET Q q 0 0 0 rg BT 72.42 82.10 Td (violated ) Tj ET Q q 0 0 0 rg BT 108.18 82.10 Td (these ) Tj ET Q q 0 0 0 rg BT 132.27 82.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 154.15 82.10 Td (or ) Tj ET Q q 0 0 0 rg BT 166.02 82.10 Td (other ) Tj ET Q q 0 0 0 rg BT 190.11 82.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 234.75 82.10 Td (anti-corruption ) Tj ET Q q 0 0 0 rg BT 298.27 82.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 320.15 82.10 Td (could ) Tj ET Q q 0 0 0 rg BT 345.91 82.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 377.78 82.10 Td (us ) Tj ET Q q 0 0 0 rg BT 390.21 82.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 404.04 82.10 Td (among ) Tj ET Q q 0 0 0 rg BT 434.80 82.10 Td (other ) Tj ET Q q 0 0 0 rg BT 458.89 82.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 489.38 82.10 Td (civil ) Tj ET Q q 0 0 0 rg BT 510.70 82.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.69 82.10 Td (criminal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.10 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 90.25 70.10 Td (material ) Tj ET Q q 0 0 0 rg BT 125.22 70.10 Td (fines, ) Tj ET Q q 0 0 0 rg BT 149.38 70.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 173.80 70.10 Td (disgor) Tj ET Q q 0 0 0 rg BT 198.62 70.10 Td (gement, ) Tj ET Q q 0 0 0 rg BT 232.77 70.10 Td (injunction ) Tj ET Q q 0 0 0 rg BT 275.53 70.10 Td (on ) Tj ET Q q 0 0 0 rg BT 287.74 70.10 Td (future ) Tj ET Q q 0 0 0 rg BT 313.83 70.10 Td (conduct, ) Tj ET Q q 0 0 0 rg BT 350.20 70.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 390.18 70.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 428.50 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.15 70.10 Td (reputational ) Tj ET Q q 0 0 0 rg BT 495.12 70.10 Td (damage, ) Tj ET Q q 0 0 0 rg BT 530.92 70.10 Td (any ) Tj ET Q q 0 0 0 rg BT 547.57 70.10 Td (one ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 58.10 Td (which ) Tj ET Q q 0 0 0 rg BT 87.77 58.10 Td (could ) Tj ET Q q 0 0 0 rg BT 112.49 58.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 153.30 58.10 Td (af) Tj ET Q q 0 0 0 rg BT 160.89 58.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 178.37 58.10 Td (our ) Tj ET Q q 0 0 0 rg BT 194.20 58.10 Td (business ) Tj ET Q q 0 0 0 rg BT 230.60 58.10 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 273.36 58.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 310.84 58.10 Td (position ) Tj ET Q q 0 0 0 rg BT 345.57 58.10 Td (or ) Tj ET Q q 0 0 0 rg BT 356.40 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.12 58.10 Td (market ) Tj ET Q q 0 0 0 rg BT 401.38 58.10 Td (value ) Tj ET Q q 0 0 0 rg BT 425.54 58.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.37 58.10 Td (our ) Tj ET Q q 0 0 0 rg BT 452.20 58.10 Td (common ) Tj ET Q q 0 0 0 rg BT 489.69 58.10 Td (stock.) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (14) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 742.25 Td (W) Tj ET Q q 0 0 0 rg BT 70.15 742.25 Td (e ) Tj ET Q q 0 0 0 rg BT 76.64 742.25 Td (may ) Tj ET Q q 0 0 0 rg BT 95.90 742.25 Td (face ) Tj ET Q q 0 0 0 rg BT 115.15 742.25 Td (damage ) Tj ET Q q 0 0 0 rg BT 149.42 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 159.24 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 175.74 742.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 228.35 742.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 273.19 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.80 742.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 312.84 742.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 346.00 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 355.82 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 372.32 742.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 401.03 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 418.64 742.25 Td (af) Tj ET Q q 0 0 0 rg BT 426.79 742.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 453.26 742.25 Td (third ) Tj ET Q q 0 0 0 rg BT 475.32 742.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 505.15 742.25 Td (if ) Tj ET Q q 0 0 0 rg BT 513.30 742.25 Td (our ) Tj ET Q q 0 0 0 rg BT 529.80 742.25 Td (services ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (are ) Tj ET Q q 0 0 0 rg BT 65.83 730.25 Td (not ) Tj ET Q q 0 0 0 rg BT 81.67 730.25 Td (regarded ) Tj ET Q q 0 0 0 rg BT 120.83 730.25 Td (as ) Tj ET Q q 0 0 0 rg BT 132.22 730.25 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 181.94 730.25 Td (or ) Tj ET Q q 0 0 0 rg BT 193.33 730.25 Td (if ) Tj ET Q q 0 0 0 rg BT 201.94 730.25 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 239.43 730.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.26 730.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 287.21 730.25 Td (should ) Tj ET Q q 0 0 0 rg BT 317.50 730.25 Td (arise) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 709.25 Td (As ) Tj ET Q q 0 0 0 rg BT 75.00 709.25 Td (an ) Tj ET Q q 0 0 0 rg BT 86.33 709.25 Td (independent ) Tj ET Q q 0 0 0 rg 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Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 511.25 Td (As ) Tj ET Q q 0 0 0 rg BT 75.06 511.25 Td (a ) Tj ET Q q 0 0 0 rg BT 82.56 511.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 122.29 511.25 Td (advisor ) Tj ET Q q 0 0 0 rg BT 154.79 511.25 Td (on ) Tj ET Q q 0 0 0 rg BT 167.85 511.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 214.25 511.25 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 269.82 511.25 Td (we ) Tj ET Q q 0 0 0 rg BT 283.43 511.25 Td (face ) Tj ET Q q 0 0 0 rg BT 303.13 511.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 350.65 511.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 390.38 511.25 Td (risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 490.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 79.50 490.25 Td (role ) Tj ET Q q 0 0 0 rg BT 96.99 490.25 Td (as ) Tj ET Q q 0 0 0 rg BT 107.27 490.25 Td (advisor ) Tj ET Q q 0 0 0 rg BT 138.65 490.25 Td (to ) Tj ET Q q 0 0 0 rg BT 148.37 490.25 Td (our ) Tj ET Q q 0 0 0 rg BT 163.65 490.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 191.70 490.25 Td (on ) Tj ET Q q 0 0 0 rg BT 203.65 490.25 Td (important ) Tj ET Q q 0 0 0 rg BT 244.47 490.25 Td (mer) Tj ET Q q 0 0 0 rg BT 259.84 490.25 Td (gers ) Tj ET Q q 0 0 0 rg BT 278.45 490.25 Td (and ) Tj ET Q q 0 0 0 rg BT 294.83 490.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 344.55 490.25 Td (or ) Tj ET Q q 0 0 0 rg BT 354.82 490.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 407.86 490.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 457.57 490.25 Td (involves ) Tj ET Q q 0 0 0 rg BT 493.41 490.25 Td (complex ) Tj ET Q q 0 0 0 rg BT 529.79 490.25 Td (analysis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.11 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 80.00 478.25 Td (exercise ) Tj ET Q q 0 0 0 rg BT 114.43 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 124.43 478.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 174.99 478.25 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 216.93 478.25 Td (including ) Tj ET Q q 0 0 0 rg BT 256.38 478.25 Td (rendering ) Tj ET Q q 0 0 0 rg BT 296.37 478.25 Td (fairness ) Tj ET Q q 0 0 0 rg BT 329.14 478.25 Td (opinions ) Tj ET Q q 0 0 0 rg BT 365.26 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 374.72 478.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 420.26 478.25 Td (with ) Tj ET Q q 0 0 0 rg BT 439.71 478.25 Td (mer) Tj ET Q q 0 0 0 rg BT 455.08 478.25 Td (gers ) Tj ET Q q 0 0 0 rg BT 473.41 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.53 478.25 Td (other ) Tj ET Q q 0 0 0 rg BT 511.75 478.25 Td (transactions. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 66.87 466.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 104.28 466.25 Td (may ) Tj ET Q q 0 0 0 rg BT 122.81 466.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 152.46 466.25 Td (us ) Tj ET Q q 0 0 0 rg BT 162.66 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 171.76 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.29 466.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 201.61 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.25 466.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 254.78 466.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 275.53 466.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 314.06 466.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.16 466.25 Td (our ) Tj ET Q q 0 0 0 rg BT 337.80 466.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 365.22 466.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.98 466.25 Td (aggrieved ) Tj ET Q q 0 0 0 rg BT 421.72 466.25 Td (third ) Tj ET Q q 0 0 0 rg BT 441.92 466.25 Td (parties, ) Tj ET Q q 0 0 0 rg BT 472.39 466.25 Td (including ) Tj ET Q q 0 0 0 rg BT 511.48 466.25 Td (shareholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.12 454.25 Td (our ) Tj ET Q q 0 0 0 rg BT 75.24 454.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 103.13 454.25 Td (who ) Tj ET Q q 0 0 0 rg BT 122.14 454.25 Td (could ) Tj ET Q q 0 0 0 rg BT 146.15 454.25 Td (bring ) Tj ET Q q 0 0 0 rg BT 169.05 454.25 Td (actions ) Tj ET Q q 0 0 0 rg BT 199.16 454.25 Td (against ) Tj ET Q q 0 0 0 rg BT 229.28 454.25 Td (us. ) Tj ET Q q 0 0 0 rg BT 242.46 454.25 Td (In ) Tj ET Q q 0 0 0 rg BT 252.58 454.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 278.79 454.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 304.18 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.19 454.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 349.97 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.09 454.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 387.98 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.21 454.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 436.00 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.12 454.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 482.89 454.25 Td (claimed ) Tj ET Q q 0 0 0 rg BT 516.33 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 525.90 454.25 Td (litigation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 68.86 442.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 114.38 442.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 167.11 442.25 Td (against ) Tj ET Q q 0 0 0 rg BT 199.86 442.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 239.26 442.25 Td (advisors ) Tj ET Q q 0 0 0 rg BT 277.01 442.25 Td (has ) Tj ET Q q 0 0 0 rg BT 294.76 442.25 Td (been ) Tj ET Q q 0 0 0 rg BT 318.06 442.25 Td (increasing, ) Tj ET Q q 0 0 0 rg BT 366.08 442.25 Td (including ) Tj ET Q q 0 0 0 rg BT 408.27 442.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 438.80 442.25 Td (for ) Tj ET Q q 0 0 0 rg BT 454.88 442.25 Td (aiding ) Tj ET Q q 0 0 0 rg BT 484.29 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 503.15 442.25 Td (abetting ) Tj ET Q q 0 0 0 rg BT 539.79 442.25 Td (client ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (misconduct. ) Tj ET Q q 0 0 0 rg BT 100.53 430.25 Td (Moreover) Tj ET Q q 0 0 0 rg BT 139.56 430.25 Td (, ) Tj ET Q q 0 0 0 rg BT 143.99 430.25 Td (judicial ) Tj ET Q q 0 0 0 rg BT 175.92 430.25 Td (scrutiny ) Tj ET Q q 0 0 0 rg BT 210.06 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 226.43 430.25 Td (criticism ) Tj ET Q q 0 0 0 rg BT 263.35 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 273.62 430.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 319.43 430.25 Td (banker ) Tj ET Q q 0 0 0 rg BT 348.57 430.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 401.02 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.39 430.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 455.42 430.25 Td (has ) Tj ET Q q 0 0 0 rg BT 470.68 430.25 Td (increased, ) Tj ET Q q 0 0 0 rg BT 512.87 430.25 Td (creating ) Tj ET Q q 0 0 0 rg BT 547.00 430.25 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.40 418.25 Td (our ) Tj ET Q q 0 0 0 rg BT 83.13 418.25 Td (services ) Tj ET Q q 0 0 0 rg BT 117.73 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 127.91 418.25 Td (a ) Tj ET Q q 0 0 0 rg BT 134.75 418.25 Td (litigated ) Tj ET Q q 0 0 0 rg BT 169.92 418.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 216.19 418.25 Td (could ) Tj ET Q q 0 0 0 rg BT 240.81 418.25 Td (be ) Tj ET Q q 0 0 0 rg BT 252.64 418.25 Td (criticized ) Tj ET Q q 0 0 0 rg BT 292.24 418.25 Td (by ) Tj ET Q q 0 0 0 rg BT 304.64 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.26 418.25 Td (court. ) Tj ET Q q 0 0 0 rg BT 344.53 418.25 Td (These ) Tj ET Q q 0 0 0 rg BT 370.81 418.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 392.10 418.25 Td (often ) Tj ET Q q 0 0 0 rg BT 415.05 418.25 Td (may ) Tj ET Q q 0 0 0 rg BT 434.66 418.25 Td (be ) Tj ET Q q 0 0 0 rg BT 446.50 418.25 Td (dif) Tj ET Q q 0 0 0 rg BT 457.43 418.25 Td (ficult ) Tj ET Q q 0 0 0 rg BT 480.93 418.25 Td (to ) Tj ET Q q 0 0 0 rg BT 491.11 418.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 517.95 418.25 Td (or ) Tj ET Q q 0 0 0 rg BT 528.68 418.25 Td (quantify ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 406.25 Td (their ) Tj ET Q q 0 0 0 rg BT 87.76 406.25 Td (existence ) Tj ET Q q 0 0 0 rg BT 127.47 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.40 406.25 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 189.12 406.25 Td (often ) Tj ET Q q 0 0 0 rg BT 212.16 406.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 242.43 406.25 Td (unknown ) Tj ET Q q 0 0 0 rg BT 282.15 406.25 Td (for ) Tj ET Q q 0 0 0 rg BT 296.31 406.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 341.58 406.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 373.52 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.35 406.25 Td (time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 385.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 80.73 385.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 136.11 385.25 Td (typically ) Tj ET Q q 0 0 0 rg BT 174.27 385.25 Td (include ) Tj ET Q q 0 0 0 rg BT 206.88 385.25 Td (broad ) Tj ET Q q 0 0 0 rg BT 232.83 385.25 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 282.66 385.25 Td (from ) Tj ET Q q 0 0 0 rg BT 305.28 385.25 Td (our ) Tj ET Q q 0 0 0 rg BT 321.79 385.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 351.06 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.68 385.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 413.53 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 424.48 385.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 446.55 385.25 Td (our ) Tj ET Q q 0 0 0 rg BT 463.05 385.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 502.33 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 513.28 385.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 535.89 385.25 Td (claims ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 82.79 373.25 Td (to ) Tj ET Q q 0 0 0 rg BT 92.83 373.25 Td (our ) Tj ET Q q 0 0 0 rg BT 108.41 373.25 Td (services, ) Tj ET Q q 0 0 0 rg BT 145.37 373.25 Td (but ) Tj ET Q q 0 0 0 rg BT 160.40 373.25 Td (these ) Tj ET Q q 0 0 0 rg BT 183.20 373.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 227.12 373.25 Td (may ) Tj ET Q q 0 0 0 rg BT 246.59 373.25 Td (not ) Tj ET Q q 0 0 0 rg BT 261.62 373.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 291.64 373.25 Td (us ) Tj ET Q q 0 0 0 rg BT 302.78 373.25 Td (or ) Tj ET Q q 0 0 0 rg BT 313.36 373.25 Td (may ) Tj ET Q q 0 0 0 rg BT 332.83 373.25 Td (not ) Tj ET Q q 0 0 0 rg BT 347.86 373.25 Td (be ) Tj ET Q q 0 0 0 rg BT 359.55 373.25 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 408.44 373.25 Td (in ) Tj ET Q q 0 0 0 rg BT 418.47 373.25 Td (all ) Tj ET Q q 0 0 0 rg BT 430.71 373.25 Td (cases. ) Tj ET Q q 0 0 0 rg BT 456.40 373.25 Td (These ) Tj ET Q q 0 0 0 rg BT 482.53 373.25 Td (indemnities ) Tj ET Q q 0 0 0 rg BT 531.44 373.25 Td (also ) Tj ET Q q 0 0 0 rg BT 549.81 373.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (dependent ) Tj ET Q q 0 0 0 rg BT 93.44 361.25 Td (on ) Tj ET Q q 0 0 0 rg BT 105.78 361.25 Td (our ) Tj ET Q q 0 0 0 rg BT 121.46 361.25 Td (client's ) Tj ET Q q 0 0 0 rg BT 151.70 361.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 187.36 361.25 Td (to ) Tj ET Q q 0 0 0 rg BT 197.48 361.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 214.26 361.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.82 361.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 265.05 361.25 Td (claimed. ) Tj ET Q q 0 0 0 rg BT 301.55 361.25 Td ( ) Tj ET Q q 0 0 0 rg BT 303.37 361.25 Td (As ) Tj ET Q q 0 0 0 rg BT 316.83 361.25 Td (a ) Tj ET Q q 0 0 0 rg BT 323.61 361.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 350.67 361.25 Td (we ) Tj ET Q q 0 0 0 rg BT 364.68 361.25 Td (may ) Tj ET Q q 0 0 0 rg BT 384.24 361.25 Td (incur ) Tj ET Q q 0 0 0 rg BT 407.13 361.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 451.69 361.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 473.46 361.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 511.90 361.25 Td (in ) Tj ET Q q 0 0 0 rg BT 522.03 361.25 Td (defending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (against ) Tj ET Q q 0 0 0 rg BT 80.26 349.25 Td (litigation. ) Tj ET Q q 0 0 0 rg BT 120.80 349.25 Td (Substantial ) Tj ET Q q 0 0 0 rg BT 167.18 349.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 188.55 349.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 221.59 349.25 Td (or ) Tj ET Q q 0 0 0 rg BT 231.86 349.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 276.01 349.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 319.04 349.25 Td (action ) Tj ET Q q 0 0 0 rg BT 345.40 349.25 Td (against ) Tj ET Q q 0 0 0 rg BT 375.66 349.25 Td (us ) Tj ET Q q 0 0 0 rg BT 386.49 349.25 Td (could ) Tj ET Q q 0 0 0 rg BT 410.64 349.25 Td (have ) Tj ET Q q 0 0 0 rg BT 431.45 349.25 Td (material ) Tj ET Q q 0 0 0 rg BT 466.15 349.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 498.62 349.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 535.54 349.25 Td (ef) Tj ET Q q 0 0 0 rg BT 543.12 349.25 Td (fects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.84 337.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 85.56 337.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 130.29 337.25 Td (reputational ) Tj ET Q q 0 0 0 rg BT 180.56 337.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 203.62 337.25 Td (to ) Tj ET Q q 0 0 0 rg BT 213.91 337.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 227.81 337.25 Td (which ) Tj ET Q q 0 0 0 rg BT 254.76 337.25 Td (could ) Tj ET Q q 0 0 0 rg BT 279.49 337.25 Td (seriously ) Tj ET Q q 0 0 0 rg BT 318.11 337.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 341.17 337.25 Td (our ) Tj ET Q q 0 0 0 rg BT 357.01 337.25 Td (business ) Tj ET Q q 0 0 0 rg BT 393.42 337.25 Td (prospects. ) Tj ET Q q 0 0 0 rg BT 436.20 337.25 Td ( ) Tj ET Q q 0 0 0 rg BT 438.53 337.25 Td (W) Tj ET Q q 0 0 0 rg BT 447.16 337.25 Td (e ) Tj ET Q q 0 0 0 rg BT 454.12 337.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 485.50 337.25 Td (to ) Tj ET Q q 0 0 0 rg BT 495.79 337.25 Td (a ) Tj ET Q q 0 0 0 rg BT 502.75 337.25 Td (lar) Tj ET Q q 0 0 0 rg BT 513.11 337.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 525.06 337.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 552.01 337.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.69 325.25 Td (business ) Tj ET Q q 0 0 0 rg BT 101.93 325.25 Td (relationships ) Tj ET Q q 0 0 0 rg BT 155.39 325.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.19 325.25 Td (our ) Tj ET Q q 0 0 0 rg BT 187.87 325.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 230.77 325.25 Td (for ) Tj ET Q q 0 0 0 rg BT 244.79 325.25 Td (integrity ) Tj ET Q q 0 0 0 rg BT 281.03 325.25 Td (and ) Tj ET Q q 0 0 0 rg BT 297.82 325.25 Td (high-caliber ) Tj ET Q q 0 0 0 rg BT 348.49 325.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 399.72 325.25 Td (services ) Tj ET Q q 0 0 0 rg BT 434.28 325.25 Td (to ) Tj ET Q q 0 0 0 rg BT 444.42 325.25 Td (attract ) Tj ET Q q 0 0 0 rg BT 471.75 325.25 Td (and ) Tj ET Q q 0 0 0 rg BT 488.55 325.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 513.67 325.25 Td (clients. ) Tj ET Q q 0 0 0 rg BT 544.11 325.25 Td (As ) Tj ET Q q 0 0 0 rg BT 557.58 325.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (result, ) Tj ET Q q 0 0 0 rg BT 76.74 313.25 Td (allegations ) Tj ET Q q 0 0 0 rg BT 122.08 313.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.44 313.25 Td (improper ) Tj ET Q q 0 0 0 rg BT 171.11 313.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 204.79 313.25 Td (by ) Tj ET Q q 0 0 0 rg BT 216.82 313.25 Td (private ) Tj ET Q q 0 0 0 rg BT 246.60 313.25 Td (litigants ) Tj ET Q q 0 0 0 rg BT 280.85 313.25 Td (or ) Tj ET Q q 0 0 0 rg BT 291.20 313.25 Td (regulators, ) Tj ET Q q 0 0 0 rg BT 335.71 313.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 369.94 313.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.18 313.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 418.97 313.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 455.43 313.25 Td (is ) Tj ET Q q 0 0 0 rg BT 464.12 313.25 Td (favorable ) Tj ET Q q 0 0 0 rg BT 503.90 313.25 Td (or ) Tj ET Q q 0 0 0 rg BT 514.25 313.25 Td (unfavorable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.25 301.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 74.11 301.25 Td (as ) Tj ET Q q 0 0 0 rg BT 84.91 301.25 Td (well ) Tj ET Q q 0 0 0 rg BT 104.60 301.25 Td (as ) Tj ET Q q 0 0 0 rg BT 115.40 301.25 Td (negative ) Tj ET Q q 0 0 0 rg BT 151.74 301.25 Td (publicity ) Tj ET Q q 0 0 0 rg BT 189.77 301.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.67 301.25 Td (press ) Tj ET Q q 0 0 0 rg BT 229.70 301.25 Td (speculation ) Tj ET Q q 0 0 0 rg BT 277.71 301.25 Td (about ) Tj ET Q q 0 0 0 rg BT 302.40 301.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 316.26 301.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 350.94 301.25 Td (or ) Tj ET Q q 0 0 0 rg BT 361.74 301.25 Td (not ) Tj ET Q q 0 0 0 rg BT 376.99 301.25 Td (valid, ) Tj ET Q q 0 0 0 rg BT 401.95 301.25 Td (may ) Tj ET Q q 0 0 0 rg BT 421.64 301.25 Td (harm ) Tj ET Q q 0 0 0 rg BT 444.66 301.25 Td (our ) Tj ET Q q 0 0 0 rg BT 460.46 301.25 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 505.97 301.25 Td (which ) Tj ET Q q 0 0 0 rg BT 532.88 301.25 Td (may ) Tj ET Q q 0 0 0 rg BT 552.57 301.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (more ) Tj ET Q q 0 0 0 rg BT 73.05 289.25 Td (damaging ) Tj ET Q q 0 0 0 rg BT 114.98 289.25 Td (to ) Tj ET Q q 0 0 0 rg BT 125.26 289.25 Td (our ) Tj ET Q q 0 0 0 rg BT 141.09 289.25 Td (business ) Tj ET Q q 0 0 0 rg BT 177.48 289.25 Td (than ) Tj ET Q q 0 0 0 rg BT 197.20 289.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.48 289.25 Td (other ) Tj ET Q q 0 0 0 rg BT 230.52 289.25 Td (types ) Tj ET Q q 0 0 0 rg BT 254.13 289.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.96 289.25 Td (businesses.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 268.25 Td (W) Tj ET Q q 0 0 0 rg BT 70.15 268.25 Td (e ) Tj ET Q q 0 0 0 rg BT 77.35 268.25 Td (are ) Tj ET Q q 0 0 0 rg BT 93.44 268.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 125.09 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 135.63 268.25 Td (extensive ) Tj ET Q q 0 0 0 rg BT 176.15 268.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 221.70 268.25 Td (in ) Tj ET Q q 0 0 0 rg BT 232.80 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.34 268.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 288.33 268.25 Td (services ) Tj ET Q q 0 0 0 rg BT 323.30 268.25 Td (industry) Tj ET Q q 0 0 0 rg BT 356.83 268.25 Td (, ) Tj ET Q q 0 0 0 rg BT 362.09 268.25 Td (which ) Tj ET Q q 0 0 0 rg BT 389.86 268.25 Td (creates ) Tj ET Q q 0 0 0 rg BT 421.50 268.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 439.82 268.25 Td (of ) Tj ET Q q 0 0 0 rg BT 450.91 268.25 Td (non-compliance ) Tj ET Q q 0 0 0 rg BT 520.34 268.25 Td (that ) Tj ET Q q 0 0 0 rg BT 539.22 268.25 Td (could ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 256.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 90.82 256.25 Td (af) Tj ET Q q 0 0 0 rg BT 98.96 256.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 116.45 256.25 Td (our ) Tj ET Q q 0 0 0 rg BT 133.40 256.25 Td (business ) Tj ET Q q 0 0 0 rg BT 170.92 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.98 256.25 Td (reputation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 235.25 Td (As ) Tj ET Q q 0 0 0 rg BT 75.24 235.25 Td (a ) Tj ET Q q 0 0 0 rg BT 81.81 235.25 Td (participant ) Tj ET Q q 0 0 0 rg BT 126.70 235.25 Td (in ) Tj ET Q q 0 0 0 rg BT 136.60 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.95 235.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 188.06 235.25 Td (services ) Tj ET Q q 0 0 0 rg BT 222.40 235.25 Td (industry) Tj ET Q q 0 0 0 rg BT 254.52 235.25 Td (, ) Tj ET Q q 0 0 0 rg BT 259.15 235.25 Td (we ) Tj ET Q q 0 0 0 rg BT 272.94 235.25 Td (are ) Tj ET Q q 0 0 0 rg BT 287.28 235.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 317.73 235.25 Td (to ) Tj ET Q q 0 0 0 rg BT 327.64 235.25 Td (extensive ) Tj ET Q q 0 0 0 rg BT 367.53 235.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 410.20 235.25 Td (in ) Tj ET Q q 0 0 0 rg BT 420.11 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.46 235.25 Td (United ) Tj ET Q q 0 0 0 rg BT 463.80 235.25 Td (States, ) Tj ET Q q 0 0 0 rg BT 492.32 235.25 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 525.35 235.25 Td (Australia ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.28 223.25 Td (Asia. ) Tj ET Q q 0 0 0 rg BT 89.46 223.25 Td ( ) Tj ET Q q 0 0 0 rg BT 91.82 223.25 Td (In ) Tj ET Q q 0 0 0 rg BT 102.51 223.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 140.14 223.25 Td (as ) Tj ET Q q 0 0 0 rg BT 150.83 223.25 Td (we ) Tj ET Q q 0 0 0 rg BT 164.84 223.25 Td (expand ) Tj ET Q q 0 0 0 rg BT 196.08 223.25 Td (our ) Tj ET Q q 0 0 0 rg BT 211.77 223.25 Td (international ) Tj ET Q q 0 0 0 rg BT 264.66 223.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 308.67 223.25 Td (by ) Tj ET Q q 0 0 0 rg BT 321.03 223.25 Td (opening ) Tj ET Q q 0 0 0 rg BT 355.60 223.25 Td (new ) Tj ET Q q 0 0 0 rg BT 374.62 223.25 Td (of) Tj ET Q q 0 0 0 rg BT 382.77 223.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 404.01 223.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 435.25 223.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.82 223.25 Td (United ) Tj ET Q q 0 0 0 rg BT 479.40 223.25 Td (States ) Tj ET Q q 0 0 0 rg BT 505.64 223.25 Td (or ) Tj ET Q q 0 0 0 rg BT 516.33 223.25 Td (by ) Tj ET Q q 0 0 0 rg BT 528.69 223.25 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.25 Td (out ) Tj ET Q q 0 0 0 rg BT 66.83 211.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 118.64 211.25 Td (or ) Tj ET Q q 0 0 0 rg BT 131.02 211.25 Td (private ) Tj ET Q q 0 0 0 rg BT 162.84 211.25 Td (placement ) Tj ET Q q 0 0 0 rg BT 207.98 211.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 248.13 211.25 Td (internationally) Tj ET Q q 0 0 0 rg BT 305.79 211.25 Td (, ) Tj ET Q q 0 0 0 rg BT 312.34 211.25 Td (we ) Tj ET Q q 0 0 0 rg BT 328.06 211.25 Td (are ) Tj ET Q q 0 0 0 rg BT 344.31 211.25 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 397.24 211.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 429.61 211.25 Td (to ) Tj ET Q q 0 0 0 rg BT 441.44 211.25 Td (new ) Tj ET Q q 0 0 0 rg BT 462.15 211.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 507.30 211.25 Td (requirements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.25 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 97.34 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 114.68 199.25 Td (self-regulatory ) Tj ET Q q 0 0 0 rg BT 176.44 199.25 Td (agencies ) Tj ET Q q 0 0 0 rg BT 213.77 199.25 Td (as ) Tj ET Q q 0 0 0 rg BT 225.00 199.25 Td (well ) Tj ET Q q 0 0 0 rg BT 245.12 199.25 Td (as ) Tj ET Q q 0 0 0 rg BT 256.35 199.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 297.02 199.25 Td (commissions ) Tj ET Q q 0 0 0 rg BT 352.15 199.25 Td (in ) Tj ET Q q 0 0 0 rg BT 362.83 199.25 Td (various ) Tj ET Q q 0 0 0 rg BT 395.17 199.25 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 447.52 199.25 Td (in ) Tj ET Q q 0 0 0 rg BT 458.20 199.25 Td (which ) Tj ET Q q 0 0 0 rg BT 485.54 199.25 Td (we ) Tj ET Q q 0 0 0 rg BT 500.10 199.25 Td (do ) Tj ET Q q 0 0 0 rg BT 513.01 199.25 Td (business ) Tj ET Q q 0 0 0 rg BT 549.80 199.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.25 Td (empowered ) Tj ET Q q 0 0 0 rg BT 99.25 187.25 Td (to ) Tj ET Q q 0 0 0 rg BT 109.63 187.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 143.89 187.25 Td (periodic ) Tj ET Q q 0 0 0 rg BT 179.25 187.25 Td (examinations ) Tj ET Q q 0 0 0 rg BT 235.18 187.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.22 187.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 312.03 187.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 362.94 187.25 Td (that ) Tj ET Q q 0 0 0 rg BT 380.54 187.25 Td (can ) Tj ET Q q 0 0 0 rg BT 397.02 187.25 Td (result ) Tj ET Q q 0 0 0 rg BT 421.84 187.25 Td (in ) Tj ET Q q 0 0 0 rg BT 432.22 187.25 Td (censure, ) Tj ET Q q 0 0 0 rg BT 467.86 187.25 Td (fine, ) Tj ET Q q 0 0 0 rg BT 488.51 187.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 524.99 187.25 Td (of ) Tj ET Q q 0 0 0 rg BT 535.92 187.25 Td (cease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 175.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.91 175.25 Td (desist ) Tj ET Q q 0 0 0 rg BT 94.60 175.25 Td (orders ) Tj ET Q q 0 0 0 rg BT 121.06 175.25 Td (or ) Tj ET Q q 0 0 0 rg BT 130.86 175.25 Td (suspension ) Tj ET Q q 0 0 0 rg BT 176.23 175.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.03 175.25 Td (personnel ) Tj ET Q q 0 0 0 rg BT 226.38 175.25 Td (or ) Tj ET Q q 0 0 0 rg BT 236.18 175.25 Td (other ) Tj ET Q q 0 0 0 rg BT 258.20 175.25 Td (sanctions, ) Tj ET Q q 0 0 0 rg BT 299.39 175.25 Td (including ) Tj ET Q q 0 0 0 rg BT 338.64 175.25 Td (revocation ) Tj ET Q q 0 0 0 rg BT 382.31 175.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.11 175.25 Td (our ) Tj ET Q q 0 0 0 rg BT 406.91 175.25 Td (license ) Tj ET Q q 0 0 0 rg BT 436.15 175.25 Td (or ) Tj ET Q q 0 0 0 rg BT 445.95 175.25 Td (registration ) Tj ET Q q 0 0 0 rg BT 492.97 175.25 Td (or ) Tj ET Q q 0 0 0 rg BT 502.77 175.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.46 175.25 Td (registration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.65 163.25 Td (any ) Tj ET Q q 0 0 0 rg BT 77.41 163.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.06 163.25 Td (our ) Tj ET Q q 0 0 0 rg BT 103.71 163.25 Td (regulated ) Tj ET Q q 0 0 0 rg BT 143.23 163.25 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 195.27 163.25 Td (In ) Tj ET Q q 0 0 0 rg BT 205.92 163.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 243.52 163.25 Td (as ) Tj ET Q q 0 0 0 rg BT 254.17 163.25 Td (a ) Tj ET Q q 0 0 0 rg BT 260.93 163.25 Td (result ) Tj ET Q q 0 0 0 rg BT 285.47 163.25 Td (of ) Tj ET Q q 0 0 0 rg BT 296.12 163.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 322.86 163.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 350.74 163.25 Td (publicized ) Tj ET Q q 0 0 0 rg BT 394.71 163.25 Td (scandals ) Tj ET Q q 0 0 0 rg BT 430.91 163.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.01 163.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.54 163.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 492.85 163.25 Td (services ) Tj ET Q q 0 0 0 rg BT 527.37 163.25 Td (industry) Tj ET Q q 0 0 0 rg BT 559.50 163.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.25 Td (scrutiny ) Tj ET Q q 0 0 0 rg BT 83.93 151.25 Td (by ) Tj ET Q q 0 0 0 rg BT 95.64 151.25 Td (regulators ) Tj ET Q q 0 0 0 rg BT 137.33 151.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.37 151.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 184.06 151.25 Td (services ) Tj ET Q q 0 0 0 rg BT 217.98 151.25 Td (firms ) Tj ET Q q 0 0 0 rg BT 240.80 151.25 Td (has ) Tj ET Q q 0 0 0 rg BT 255.84 151.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 295.31 151.25 Td (significantly) Tj ET Q q 0 0 0 rg BT 344.65 151.25 Td (. ) Tj ET Q q 0 0 0 rg BT 348.86 151.25 Td ( ) Tj ET Q q 0 0 0 rg BT 350.57 151.25 Td (Even ) Tj ET Q q 0 0 0 rg BT 372.83 151.25 Td (if ) Tj ET Q q 0 0 0 rg BT 380.64 151.25 Td (a ) Tj ET Q q 0 0 0 rg BT 386.79 151.25 Td (sanction ) Tj ET Q q 0 0 0 rg BT 421.83 151.25 Td (imposed ) Tj ET Q q 0 0 0 rg BT 457.43 151.25 Td (against ) Tj ET Q q 0 0 0 rg BT 487.46 151.25 Td (us ) Tj ET Q q 0 0 0 rg BT 498.06 151.25 Td (or ) Tj ET Q q 0 0 0 rg BT 508.10 151.25 Td (our ) Tj ET Q q 0 0 0 rg BT 523.14 151.25 Td (personnel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.31 139.25 Td (small ) Tj ET Q q 0 0 0 rg BT 83.62 139.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.04 139.25 Td (monetary ) Tj ET Q q 0 0 0 rg BT 134.44 139.25 Td (amount, ) Tj ET Q q 0 0 0 rg BT 169.58 139.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.43 139.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 217.61 139.25 Td (publicity ) Tj ET Q q 0 0 0 rg BT 255.80 139.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 285.66 139.25 Td (from ) Tj ET Q q 0 0 0 rg BT 307.74 139.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.60 139.25 Td (imposition ) Tj ET Q q 0 0 0 rg BT 368.02 139.25 Td (of ) Tj ET Q q 0 0 0 rg BT 378.99 139.25 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 418.85 139.25 Td (against ) Tj ET Q q 0 0 0 rg BT 449.81 139.25 Td (us ) Tj ET Q q 0 0 0 rg BT 461.35 139.25 Td (by ) Tj ET Q q 0 0 0 rg BT 473.99 139.25 Td (regulators ) Tj ET Q q 0 0 0 rg BT 516.61 139.25 Td (could ) Tj ET Q q 0 0 0 rg BT 541.47 139.25 Td (harm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 127.25 Td (reputation ) Tj ET Q q 0 0 0 rg BT 108.87 127.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.81 127.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 150.52 127.25 Td (us ) Tj ET Q q 0 0 0 rg BT 161.91 127.25 Td (to ) Tj ET Q q 0 0 0 rg BT 172.19 127.25 Td (lose ) Tj ET Q q 0 0 0 rg BT 190.80 127.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 224.96 127.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 253.56 127.25 Td (or ) Tj ET Q q 0 0 0 rg BT 264.39 127.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 280.22 127.25 Td (to ) Tj ET Q q 0 0 0 rg BT 290.50 127.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 310.21 127.25 Td (new ) Tj ET Q q 0 0 0 rg BT 329.38 127.25 Td (clients.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 106.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 96.73 106.25 Td (in ) Tj ET Q q 0 0 0 rg BT 107.57 106.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 152.28 106.25 Td (law ) Tj ET Q q 0 0 0 rg BT 169.23 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.29 106.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 232.57 106.25 Td (schemes ) Tj ET Q q 0 0 0 rg BT 269.51 106.25 Td (could ) Tj ET Q q 0 0 0 rg BT 294.79 106.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 335.60 106.25 Td (af) Tj ET Q q 0 0 0 rg BT 343.75 106.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 361.24 106.25 Td (our ) Tj ET Q q 0 0 0 rg BT 378.19 106.25 Td (business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 85.25 Td (From ) Tj ET Q q 0 0 0 rg BT 85.55 85.25 Td (time ) Tj ET Q q 0 0 0 rg BT 105.21 85.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.87 85.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 137.02 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.12 85.25 Td (United ) Tj ET Q q 0 0 0 rg BT 180.22 85.25 Td (States ) Tj ET Q q 0 0 0 rg BT 205.99 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.31 85.25 Td (other ) Tj ET Q q 0 0 0 rg BT 244.74 85.25 Td (national ) Tj ET Q q 0 0 0 rg BT 278.84 85.25 Td (governments ) Tj ET Q q 0 0 0 rg BT 332.37 85.25 Td (in ) Tj ET Q q 0 0 0 rg BT 342.03 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.13 85.25 Td (countries ) Tj ET Q q 0 0 0 rg BT 394.67 85.25 Td (in ) Tj ET Q q 0 0 0 rg BT 404.33 85.25 Td (which ) Tj ET Q q 0 0 0 rg BT 430.65 85.25 Td (we ) Tj ET Q q 0 0 0 rg BT 444.19 85.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 475.50 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.82 85.25 Td (related ) Tj ET Q q 0 0 0 rg BT 520.91 85.25 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.25 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 97.09 73.25 Td (as ) Tj ET Q q 0 0 0 rg BT 107.80 73.25 Td (well ) Tj ET Q q 0 0 0 rg BT 127.40 73.25 Td (as ) Tj ET Q q 0 0 0 rg BT 138.11 73.25 Td (local ) Tj ET Q q 0 0 0 rg BT 159.92 73.25 Td (governments, ) Tj ET Q q 0 0 0 rg BT 216.46 73.25 Td (may ) Tj ET Q q 0 0 0 rg BT 236.06 73.25 Td (adopt ) Tj ET Q q 0 0 0 rg BT 260.65 73.25 Td (new ) Tj ET Q q 0 0 0 rg BT 279.69 73.25 Td (rules ) Tj ET Q q 0 0 0 rg BT 301.51 73.25 Td (which ) Tj ET Q q 0 0 0 rg BT 328.33 73.25 Td (af) Tj ET Q q 0 0 0 rg BT 335.92 73.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 353.29 73.25 Td (our ) Tj ET Q q 0 0 0 rg BT 369.00 73.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 407.77 73.25 Td ( ) Tj ET Q q 0 0 0 rg BT 410.15 73.25 Td (Many ) Tj ET Q q 0 0 0 rg BT 435.86 73.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.57 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.17 73.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 515.75 73.25 Td (imposed ) Tj ET Q q 0 0 0 rg BT 552.02 73.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.10 61.25 Td (regulators ) Tj ET Q q 0 0 0 rg BT 108.87 61.25 Td (are ) Tj ET Q q 0 0 0 rg BT 123.85 61.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 162.17 61.25 Td (to ) Tj ET Q q 0 0 0 rg BT 172.72 61.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 201.60 61.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.59 61.25 Td (integrity ) Tj ET Q q 0 0 0 rg BT 253.24 61.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.35 61.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.34 61.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 317.10 61.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 351.53 61.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.74 61.25 Td (to ) Tj ET Q q 0 0 0 rg BT 379.29 61.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 409.83 61.25 Td (customers ) Tj ET Q q 0 0 0 rg BT 453.15 61.25 Td (and ) Tj ET Q q 0 0 0 rg BT 470.37 61.25 Td (other ) Tj ET Q q 0 0 0 rg BT 493.69 61.25 Td (third ) Tj ET Q q 0 0 0 rg BT 515.35 61.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 544.78 61.25 Td (who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.25 Td (deal ) Tj ET Q q 0 0 0 rg BT 69.45 49.25 Td (with ) Tj ET Q q 0 0 0 rg BT 90.02 49.25 Td (us ) Tj ET Q q 0 0 0 rg BT 101.70 49.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.93 49.25 Td (are ) Tj ET Q q 0 0 0 rg BT 133.93 49.25 Td (not ) Tj ET Q q 0 0 0 rg BT 149.50 49.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 187.84 49.25 Td (to ) Tj ET Q q 0 0 0 rg BT 198.41 49.25 Td (protect ) Tj ET Q q 0 0 0 rg BT 228.97 49.25 Td (our ) Tj ET Q q 0 0 0 rg BT 245.09 49.25 Td (stockholders. ) Tj ET Q q 0 0 0 rg BT 300.93 49.25 Td (Consequently) Tj ET Q q 0 0 0 rg BT 355.27 49.25 Td (, ) Tj ET Q q 0 0 0 rg BT 360.56 49.25 Td (these ) Tj ET Q q 0 0 0 rg BT 383.90 49.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 431.13 49.25 Td (may ) Tj ET Q q 0 0 0 rg BT 451.14 49.25 Td (serve ) Tj ET Q q 0 0 0 rg BT 475.03 49.25 Td (to ) Tj ET Q q 0 0 0 rg BT 485.60 49.25 Td (limit ) Tj ET Q q 0 0 0 rg BT 507.28 49.25 Td (our ) Tj ET Q q 0 0 0 rg BT 523.40 49.25 Td (activities, ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.20 742.10 Td (through ) Tj ET Q q 0 0 0 rg BT 123.74 742.10 Td (net ) Tj ET Q q 0 0 0 rg BT 138.38 742.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 169.96 742.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 209.04 742.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 252.01 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.87 742.10 Td (market ) Tj ET Q q 0 0 0 rg BT 299.06 742.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 333.14 742.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 390.27 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.52 742.10 Td (There ) Tj ET Q q 0 0 0 rg BT 418.27 742.10 Td (can ) Tj ET Q q 0 0 0 rg BT 434.57 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 446.44 742.10 Td (no ) Tj ET Q q 0 0 0 rg BT 458.86 742.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 500.16 742.10 Td (that ) Tj ET Q q 0 0 0 rg BT 517.58 742.10 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.06 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 83.33 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 95.27 730.10 Td (imposed ) Tj ET Q q 0 0 0 rg BT 131.66 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 158.60 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 178.32 730.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 221.35 730.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 262.17 730.10 Td (af) Tj ET Q q 0 0 0 rg BT 269.76 730.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 287.24 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 303.07 730.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 341.96 730.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 379.44 730.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 419.72 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 430.55 730.10 Td (results ) Tj ET Q q 0 0 0 rg BT 459.16 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.99 730.10 Td (operation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 709.10 Td (Recently) Tj ET Q q 0 0 0 rg BT 96.89 709.10 Td (, ) Tj ET Q q 0 0 0 rg BT 102.34 709.10 Td (several ) Tj ET Q q 0 0 0 rg BT 133.60 709.10 Td (states ) Tj ET Q q 0 0 0 rg BT 158.77 709.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.15 709.10 Td (municipalities ) Tj ET Q q 0 0 0 rg BT 235.75 709.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.48 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.64 709.10 Td (United ) Tj ET Q q 0 0 0 rg BT 291.80 709.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 321.14 709.10 Td (such ) Tj ET Q q 0 0 0 rg BT 342.42 709.10 Td (as ) Tj ET Q q 0 0 0 rg BT 353.69 709.10 Td (California, ) Tj ET Q q 0 0 0 rg BT 399.68 709.10 Td (Illinois, ) Tj ET Q q 0 0 0 rg BT 433.46 709.10 Td (Ohio, ) Tj ET Q q 0 0 0 rg BT 458.91 709.10 Td (New ) Tj ET Q q 0 0 0 rg BT 480.30 709.10 Td (Y) Tj ET Q q 0 0 0 rg BT 486.52 709.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 502.80 709.10 Td (State ) Tj ET Q q 0 0 0 rg BT 525.74 709.10 Td (and ) Tj ET Q q 0 0 0 rg BT 543.13 709.10 Td (New ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (Y) Tj ET Q q 0 0 0 rg BT 56.22 697.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 73.55 697.10 Td (City ) Tj ET Q q 0 0 0 rg BT 94.77 697.10 Td (have ) Tj ET Q q 0 0 0 rg BT 117.65 697.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 153.30 697.10 Td (pay-to-play ) Tj ET Q q 0 0 0 rg BT 212.27 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.71 697.10 Td (placement ) Tj ET Q q 0 0 0 rg BT 275.79 697.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 301.45 697.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 324.88 697.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 355.82 697.10 Td (in ) Tj ET Q q 0 0 0 rg BT 367.60 697.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 404.37 697.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.14 697.10 Td (imposing ) Tj ET Q q 0 0 0 rg BT 457.37 697.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 506.91 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.35 697.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 106.89 685.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 127.96 685.10 Td (our ) Tj ET Q q 0 0 0 rg BT 143.48 685.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 171.22 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.18 685.10 Td (char) Tj ET Q q 0 0 0 rg BT 198.21 685.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 209.83 685.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 228.11 685.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.08 685.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 284.13 685.10 Td (with ) Tj ET Q q 0 0 0 rg BT 304.10 685.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 333.48 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.00 685.10 Td (our ) Tj ET Q q 0 0 0 rg BT 359.51 685.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 388.35 685.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 424.97 685.10 Td (engagements ) Tj ET Q q 0 0 0 rg BT 479.36 685.10 Td (or ) Tj ET Q q 0 0 0 rg BT 489.88 685.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 519.82 685.10 Td (or ) Tj ET Q q 0 0 0 rg BT 530.34 685.10 Td (prohibit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.87 673.10 Td (use ) Tj ET Q q 0 0 0 rg BT 80.85 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.83 673.10 Td (placement ) Tj ET Q q 0 0 0 rg BT 135.57 673.10 Td (agents ) Tj ET Q q 0 0 0 rg BT 163.77 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.20 673.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 220.72 673.10 Td (with ) Tj ET Q q 0 0 0 rg BT 241.15 673.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 291.58 673.10 Td (by ) Tj ET Q q 0 0 0 rg BT 304.23 673.10 Td (public ) Tj ET Q q 0 0 0 rg BT 331.88 673.10 Td (pension ) Tj ET Q q 0 0 0 rg BT 365.63 673.10 Td (funds. ) Tj ET Q q 0 0 0 rg BT 393.01 673.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.47 673.10 Td (These ) Tj ET Q q 0 0 0 rg BT 422.00 673.10 Td (types ) Tj ET Q q 0 0 0 rg BT 445.76 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.74 673.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 496.60 673.10 Td (could ) Tj ET Q q 0 0 0 rg BT 521.46 673.10 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 661.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 107.75 661.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 137.47 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.18 661.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 170.78 661.10 Td (we ) Tj ET Q q 0 0 0 rg BT 184.94 661.10 Td (earn ) Tj ET Q q 0 0 0 rg BT 204.65 661.10 Td (from ) Tj ET Q q 0 0 0 rg BT 226.59 661.10 Td (our ) Tj ET Q q 0 0 0 rg BT 242.42 661.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 271.57 661.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 308.51 661.10 Td (engagements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 640.10 Td (Compliance with any new laws or regulations could also make compliance more dif) Tj ET Q q 0 0 0 rg BT 397.83 640.10 Td (ficult and expensive, af) Tj ET Q q 0 0 0 rg BT 490.95 640.10 Td (fect the manner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (in which we conduct our business and adversely af) Tj ET Q q 0 0 0 rg BT 253.10 628.10 Td (fect our profitability) Tj ET Q q 0 0 0 rg BT 333.53 628.10 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 607.10 Td (Legal ) Tj ET Q q 0 0 0 rg BT 87.83 607.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 136.44 607.10 Td (on ) Tj ET Q q 0 0 0 rg BT 149.50 607.10 Td (our ) Tj ET Q q 0 0 0 rg BT 166.46 607.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 195.62 607.10 Td (may ) Tj ET Q q 0 0 0 rg BT 215.34 607.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 245.61 607.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.89 607.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 296.17 607.10 Td (for ) Tj ET Q q 0 0 0 rg BT 310.89 607.10 Td (our ) Tj ET Q q 0 0 0 rg BT 327.84 607.10 Td (services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 586.10 Td (New ) Tj ET Q q 0 0 0 rg BT 83.02 586.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 103.50 586.10 Td (or ) Tj ET Q q 0 0 0 rg BT 113.97 586.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 160.55 586.10 Td (or ) Tj ET Q q 0 0 0 rg BT 171.02 586.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 205.37 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 215.29 586.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 267.40 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.88 586.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 311.68 586.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 332.16 586.10 Td (or ) Tj ET Q q 0 0 0 rg BT 342.63 586.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 389.20 586.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 432.44 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.36 586.10 Td (our ) Tj ET Q q 0 0 0 rg BT 457.83 586.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 486.08 586.10 Td (may ) Tj ET Q q 0 0 0 rg BT 505.43 586.10 Td (also ) Tj ET Q q 0 0 0 rg BT 523.69 586.10 Td (adversely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.59 574.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.48 574.10 Td (our ) Tj ET Q q 0 0 0 rg BT 91.71 574.10 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 139.34 574.10 Td (For ) Tj ET Q q 0 0 0 rg BT 156.14 574.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 195.42 574.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 230.53 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.21 574.10 Td (antitrust ) Tj ET Q q 0 0 0 rg BT 276.89 574.10 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 329.77 574.10 Td (could ) Tj ET Q q 0 0 0 rg BT 354.89 574.10 Td (af) Tj ET Q q 0 0 0 rg BT 362.48 574.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 380.37 574.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.49 574.10 Td (level ) Tj ET Q q 0 0 0 rg BT 417.83 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.06 574.10 Td (mer) Tj ET Q q 0 0 0 rg BT 444.43 574.10 Td (gers ) Tj ET Q q 0 0 0 rg BT 463.99 574.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.34 574.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 532.02 574.10 Td (activity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.36 562.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 100.48 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.18 562.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 152.64 562.10 Td (could ) Tj ET Q q 0 0 0 rg BT 176.77 562.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 206.45 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.59 562.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 258.61 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.85 562.10 Td (our ) Tj ET Q q 0 0 0 rg BT 284.10 562.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 312.12 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.48 562.10 Td (their ) Tj ET Q q 0 0 0 rg BT 348.72 562.10 Td (need ) Tj ET Q q 0 0 0 rg BT 369.52 562.10 Td (for ) Tj ET Q q 0 0 0 rg BT 383.10 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.23 562.10 Td (types ) Tj ET Q q 0 0 0 rg BT 420.26 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.50 562.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 466.86 562.10 Td (services ) Tj ET Q q 0 0 0 rg BT 500.99 562.10 Td (that ) Tj ET Q q 0 0 0 rg BT 517.90 562.10 Td (we ) Tj ET Q q 0 0 0 rg BT 531.48 562.10 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 550.10 Td (them.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 529.10 Td (The ) Tj ET Q q 0 0 0 rg BT 79.92 529.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 97.85 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.00 529.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 157.02 529.10 Td (with ) Tj ET Q q 0 0 0 rg BT 176.63 529.10 Td (international ) Tj ET Q q 0 0 0 rg BT 232.35 529.10 Td (employment, ) Tj ET Q q 0 0 0 rg BT 286.66 529.10 Td (labor) Tj ET Q q 0 0 0 rg BT 307.78 529.10 Td (, ) Tj ET Q q 0 0 0 rg BT 312.09 529.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 346.13 529.10 Td (and ) Tj ET Q q 0 0 0 rg BT 363.50 529.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 378.10 529.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 426.59 529.10 Td (may ) Tj ET Q q 0 0 0 rg BT 445.63 529.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 485.76 529.10 Td (af) Tj ET Q q 0 0 0 rg BT 493.91 529.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 510.71 529.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.98 529.10 Td (business ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 68.06 517.10 Td (hamper ) Tj ET Q q 0 0 0 rg BT 102.23 517.10 Td (our ) Tj ET Q q 0 0 0 rg BT 119.18 517.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 147.24 517.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.51 517.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 190.01 517.10 Td (internationally) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 496.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 86.28 496.10 Td (we ) Tj ET Q q 0 0 0 rg BT 100.01 496.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 131.50 496.10 Td (our ) Tj ET Q q 0 0 0 rg BT 146.89 496.10 Td (business ) Tj ET Q q 0 0 0 rg BT 182.85 496.10 Td (both ) Tj ET Q q 0 0 0 rg BT 202.69 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.54 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.82 496.10 Td (United ) Tj ET Q q 0 0 0 rg BT 256.10 496.10 Td (States ) Tj ET Q q 0 0 0 rg BT 282.05 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.56 496.10 Td (internationally) Tj ET Q q 0 0 0 rg BT 356.22 496.10 Td (, ) Tj ET Q q 0 0 0 rg BT 360.79 496.10 Td (we ) Tj ET Q q 0 0 0 rg BT 374.51 496.10 Td (are ) Tj ET Q q 0 0 0 rg BT 388.79 496.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 419.18 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 429.02 496.10 Td (many ) Tj ET Q q 0 0 0 rg BT 453.30 496.10 Td (distinct ) Tj ET Q q 0 0 0 rg BT 484.81 496.10 Td (employment, ) Tj ET Q q 0 0 0 rg BT 539.37 496.10 Td (labor) Tj ET Q q 0 0 0 rg BT 559.51 496.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 83.72 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.23 484.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 114.52 484.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 134.92 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.77 484.10 Td (each ) Tj ET Q q 0 0 0 rg BT 165.15 484.10 Td (state ) Tj ET Q q 0 0 0 rg BT 185.54 484.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.05 484.10 Td (country ) Tj ET Q q 0 0 0 rg BT 234.67 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.52 484.10 Td (which ) Tj ET Q q 0 0 0 rg BT 271.02 484.10 Td (we ) Tj ET Q q 0 0 0 rg BT 284.75 484.10 Td (operate, ) Tj ET Q q 0 0 0 rg BT 318.75 484.10 Td (including ) Tj ET Q q 0 0 0 rg BT 358.59 484.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 405.09 484.10 Td (af) Tj ET Q q 0 0 0 rg BT 412.68 484.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 442.51 484.10 Td (our ) Tj ET Q q 0 0 0 rg BT 457.91 484.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 509.97 484.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 547.57 484.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (our ) Tj ET Q q 0 0 0 rg BT 64.60 472.10 Td (relations ) Tj ET Q q 0 0 0 rg BT 100.30 472.10 Td (with ) Tj ET Q q 0 0 0 rg BT 119.35 472.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.95 472.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 177.98 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.69 472.10 Td (service ) Tj ET Q q 0 0 0 rg BT 223.28 472.10 Td (providers. ) Tj ET Q q 0 0 0 rg BT 264.81 472.10 Td (If ) Tj ET Q q 0 0 0 rg BT 272.74 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.23 472.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 319.17 472.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 364.87 472.10 Td (under ) Tj ET Q q 0 0 0 rg BT 388.91 472.10 Td (which ) Tj ET Q q 0 0 0 rg BT 414.61 472.10 Td (we ) Tj ET Q q 0 0 0 rg BT 427.54 472.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 458.24 472.10 Td (are ) Tj ET Q q 0 0 0 rg BT 471.71 472.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 509.09 472.10 Td (or ) Tj ET Q q 0 0 0 rg BT 518.69 472.10 Td (interpreted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.93 460.10 Td (ferently ) Tj ET Q q 0 0 0 rg BT 94.12 460.10 Td (or ) Tj ET Q q 0 0 0 rg BT 104.54 460.10 Td (new ) Tj ET Q q 0 0 0 rg BT 123.30 460.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 169.83 460.10 Td (are ) Tj ET Q q 0 0 0 rg BT 184.13 460.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 211.23 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.76 460.10 Td (we ) Tj ET Q q 0 0 0 rg BT 241.52 460.10 Td (are ) Tj ET Q q 0 0 0 rg BT 255.82 460.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 284.58 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.45 460.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 326.54 460.10 Td (with ) Tj ET Q q 0 0 0 rg BT 346.42 460.10 Td (these ) Tj ET Q q 0 0 0 rg BT 369.06 460.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 415.59 460.10 Td (or ) Tj ET Q q 0 0 0 rg BT 426.01 460.10 Td (interpretations, ) Tj ET Q q 0 0 0 rg BT 488.37 460.10 Td (our ) Tj ET Q q 0 0 0 rg BT 503.80 460.10 Td (business ) Tj ET Q q 0 0 0 rg BT 539.78 460.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.86 448.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 102.59 448.10 Td (af) Tj ET Q q 0 0 0 rg BT 110.18 448.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 137.02 448.10 Td (or ) Tj ET Q q 0 0 0 rg BT 147.77 448.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.40 448.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 180.93 448.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.68 448.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 240.19 448.10 Td (may ) Tj ET Q q 0 0 0 rg BT 259.82 448.10 Td (make ) Tj ET Q q 0 0 0 rg BT 283.90 448.10 Td (it ) Tj ET Q q 0 0 0 rg BT 291.87 448.10 Td (dif) Tj ET Q q 0 0 0 rg BT 302.80 448.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 326.32 448.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.52 448.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 367.81 448.10 Td (into ) Tj ET Q q 0 0 0 rg BT 385.79 448.10 Td (new ) Tj ET Q q 0 0 0 rg BT 404.87 448.10 Td (international ) Tj ET Q q 0 0 0 rg BT 457.82 448.10 Td (markets. ) Tj ET Q q 0 0 0 rg BT 493.86 448.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 543.76 448.10 Td (, ) Tj ET Q q 0 0 0 rg BT 548.68 448.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 436.10 Td (competitiveness ) Tj ET Q q 0 0 0 rg BT 116.59 436.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.53 436.10 Td (international ) Tj ET Q q 0 0 0 rg BT 179.23 436.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 213.04 436.10 Td (may ) Tj ET Q q 0 0 0 rg BT 232.42 436.10 Td (be ) Tj ET Q q 0 0 0 rg BT 244.02 436.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 284.49 436.10 Td (af) Tj ET Q q 0 0 0 rg BT 292.08 436.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 318.67 436.10 Td (by ) Tj ET Q q 0 0 0 rg BT 330.83 436.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 377.42 436.10 Td (requiring, ) Tj ET Q q 0 0 0 rg BT 418.74 436.10 Td (among ) Tj ET Q q 0 0 0 rg BT 448.12 436.10 Td (other ) Tj ET Q q 0 0 0 rg BT 470.82 436.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 499.93 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.31 436.10 Td (awarding ) Tj ET Q q 0 0 0 rg BT 553.68 436.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 88.45 424.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.59 424.10 Td (local ) Tj ET Q q 0 0 0 rg BT 120.38 424.10 Td (contractors, ) Tj ET Q q 0 0 0 rg BT 169.66 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.24 424.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 236.59 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.28 424.10 Td (local ) Tj ET Q q 0 0 0 rg BT 269.07 424.10 Td (citizens, ) Tj ET Q q 0 0 0 rg BT 304.47 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.04 424.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 356.94 424.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.63 424.10 Td (services ) Tj ET Q q 0 0 0 rg BT 402.19 424.10 Td (from ) Tj ET Q q 0 0 0 rg BT 423.99 424.10 Td (local ) Tj ET Q q 0 0 0 rg BT 445.78 424.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 492.86 424.10 Td (or ) Tj ET Q q 0 0 0 rg BT 503.55 424.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 542.56 424.10 Td (local ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (ownership.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 391.10 Td (A) Tj ET Q q 0 0 0 rg BT 68.12 391.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.51 391.10 Td (change ) Tj ET Q q 0 0 0 rg BT 102.91 391.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.65 391.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 149.37 391.10 Td (income ) Tj ET Q q 0 0 0 rg BT 181.76 391.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 196.94 391.10 Td (laws, ) Tj ET Q q 0 0 0 rg BT 220.17 391.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 271.75 391.10 Td (or ) Tj ET Q q 0 0 0 rg BT 283.04 391.10 Td (treaties ) Tj ET Q q 0 0 0 rg BT 315.43 391.10 Td (or ) Tj ET Q q 0 0 0 rg BT 326.72 391.10 Td (an ) Tj ET Q q 0 0 0 rg BT 339.67 391.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 373.17 391.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 432.24 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.97 391.10 Td (these ) Tj ET Q q 0 0 0 rg BT 466.47 391.10 Td (items ) Tj ET Q q 0 0 0 rg BT 490.53 391.10 Td (by ) Tj ET Q q 0 0 0 rg BT 502.37 391.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 517.54 391.10 Td (authorities ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (could ) Tj ET Q q 0 0 0 rg BT 76.00 379.10 Td (result ) Tj ET Q q 0 0 0 rg BT 102.57 379.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.13 379.10 Td (an ) Tj ET Q q 0 0 0 rg BT 127.92 379.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 152.26 379.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 201.05 379.10 Td (or ) Tj ET Q q 0 0 0 rg BT 213.17 379.10 Td (revaluation ) Tj ET Q q 0 0 0 rg BT 263.62 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.18 379.10 Td (our ) Tj ET Q q 0 0 0 rg BT 292.86 379.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 330.51 379.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 346.51 379.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 373.63 379.10 Td (that ) Tj ET Q q 0 0 0 rg BT 392.97 379.10 Td (may ) Tj ET Q q 0 0 0 rg BT 413.42 379.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 439.97 379.10 Td (our ) Tj ET Q q 0 0 0 rg BT 457.65 379.10 Td (ef) Tj ET Q q 0 0 0 rg BT 465.24 379.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 495.10 379.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 511.11 379.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 530.44 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.23 379.10 Td (tax ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 83.61 367.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.89 367.10 Td (be ) Tj ET Q q 0 0 0 rg BT 105.83 367.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 135.56 367.10 Td (than ) Tj ET Q q 0 0 0 rg BT 156.96 367.10 Td (what ) Tj ET Q q 0 0 0 rg BT 179.47 367.10 Td (is ) Tj ET Q q 0 0 0 rg BT 188.64 367.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 228.92 367.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 270.85 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.69 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.97 367.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 351.14 367.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 390.86 367.10 Td (statements) Tj ET Q BT /F1 11.00 Tf ET q 0 0 0 rg BT 63.50 341.90 Td (O) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.44 341.90 Td (ur ) Tj ET Q q 0 0 0 rg BT 82.19 341.90 Td (ef) Tj ET Q q 0 0 0 rg BT 89.78 341.90 Td (fective ) Tj ET Q q 0 0 0 rg BT 119.40 341.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 134.03 341.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 151.43 341.90 Td (and ) Tj ET Q q 0 0 0 rg BT 168.28 341.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 182.92 341.90 Td (liability ) Tj ET Q q 0 0 0 rg BT 216.44 341.90 Td (is ) Tj ET Q q 0 0 0 rg BT 225.53 341.90 Td (based ) Tj ET Q q 0 0 0 rg BT 250.71 341.90 Td (on ) Tj ET Q q 0 0 0 rg BT 263.13 341.90 Td (the ) Tj ET Q q 0 0 0 rg BT 277.76 341.90 Td (application ) Tj ET Q q 0 0 0 rg BT 324.61 341.90 Td (of ) Tj ET Q q 0 0 0 rg BT 335.35 341.90 Td (current ) Tj ET Q q 0 0 0 rg BT 366.08 341.90 Td (income ) Tj ET Q q 0 0 0 rg BT 397.93 341.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 412.57 341.90 Td (laws, ) Tj ET Q q 0 0 0 rg BT 435.81 341.90 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 485.16 341.90 Td (and ) Tj ET Q q 0 0 0 rg BT 502.02 341.90 Td (treaties. ) Tj ET Q q 0 0 0 rg BT 538.13 341.90 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.90 Td (laws, ) Tj ET Q q 0 0 0 rg BT 73.53 329.90 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 123.17 329.90 Td (and ) Tj ET Q q 0 0 0 rg BT 140.31 329.90 Td (treaties ) Tj ET Q q 0 0 0 rg BT 171.88 329.90 Td (are ) Tj ET Q q 0 0 0 rg BT 186.79 329.90 Td (complex, ) Tj ET Q q 0 0 0 rg BT 226.42 329.90 Td (and ) Tj ET Q q 0 0 0 rg BT 243.56 329.90 Td (the ) Tj ET Q q 0 0 0 rg BT 258.48 329.90 Td (manner ) Tj ET Q q 0 0 0 rg BT 291.17 329.90 Td (which ) Tj ET Q q 0 0 0 rg BT 318.31 329.90 Td (they ) Tj ET Q q 0 0 0 rg BT 338.23 329.90 Td (apply ) Tj ET Q q 0 0 0 rg BT 363.15 329.90 Td (to ) Tj ET Q q 0 0 0 rg BT 373.63 329.90 Td (our ) Tj ET Q q 0 0 0 rg BT 389.66 329.90 Td (facts ) Tj ET Q q 0 0 0 rg BT 411.24 329.90 Td (and ) Tj ET Q q 0 0 0 rg BT 428.38 329.90 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 487.72 329.90 Td (is ) Tj ET Q q 0 0 0 rg BT 497.09 329.90 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 542.57 329.90 Td (open ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.90 Td (to ) Tj ET Q q 0 0 0 rg BT 59.83 317.90 Td (interpretation. ) Tj ET Q q 0 0 0 rg BT 120.76 317.90 Td (Management ) Tj ET Q q 0 0 0 rg BT 175.01 317.90 Td (believes ) Tj ET Q q 0 0 0 rg BT 209.83 317.90 Td (its ) Tj ET Q q 0 0 0 rg BT 221.34 317.90 Td (application ) Tj ET Q q 0 0 0 rg BT 267.82 317.90 Td (of ) Tj ET Q q 0 0 0 rg BT 278.21 317.90 Td (current ) Tj ET Q q 0 0 0 rg BT 308.58 317.90 Td (laws, ) Tj ET Q q 0 0 0 rg BT 331.46 317.90 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 380.45 317.90 Td (and ) Tj ET Q q 0 0 0 rg BT 396.95 317.90 Td (treaties ) Tj ET Q q 0 0 0 rg BT 427.88 317.90 Td (to ) Tj ET Q q 0 0 0 rg BT 437.71 317.90 Td (be ) Tj ET Q q 0 0 0 rg BT 449.20 317.90 Td (correct ) Tj ET Q q 0 0 0 rg BT 479.01 317.90 Td (and ) Tj ET Q q 0 0 0 rg BT 495.51 317.90 Td (sustainable ) Tj ET Q q 0 0 0 rg BT 542.00 317.90 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.90 Td (examination ) Tj ET Q q 0 0 0 rg BT 101.98 305.90 Td (by ) Tj ET Q q 0 0 0 rg BT 114.53 305.90 Td (the ) Tj ET Q q 0 0 0 rg BT 129.30 305.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 144.07 305.90 Td (authorities. ) Tj ET Q q 0 0 0 rg BT 193.84 305.90 Td (However) Tj ET Q q 0 0 0 rg BT 230.09 305.90 Td (, ) Tj ET Q q 0 0 0 rg BT 235.14 305.90 Td (the ) Tj ET Q q 0 0 0 rg BT 249.91 305.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 264.68 305.90 Td (authorities ) Tj ET Q q 0 0 0 rg BT 309.44 305.90 Td (could ) Tj ET Q q 0 0 0 rg BT 334.21 305.90 Td (challenge ) Tj ET Q q 0 0 0 rg BT 375.08 305.90 Td (our ) Tj ET Q q 0 0 0 rg BT 390.96 305.90 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 447.38 305.90 Td (resulting ) Tj ET Q q 0 0 0 rg BT 484.93 305.90 Td (in ) Tj ET Q q 0 0 0 rg BT 495.26 305.90 Td (an ) Tj ET Q q 0 0 0 rg BT 507.25 305.90 Td (additional ) Tj ET Q q 0 0 0 rg BT 549.79 305.90 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.90 Td (liability ) Tj ET Q q 0 0 0 rg BT 83.41 293.90 Td (or ) Tj ET Q q 0 0 0 rg BT 94.03 293.90 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 140.21 293.90 Td (to ) Tj ET Q q 0 0 0 rg BT 150.29 293.90 Td (our ) Tj ET Q q 0 0 0 rg BT 165.92 293.90 Td (income ) Tj ET Q q 0 0 0 rg BT 197.65 293.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 212.16 293.90 Td (provision ) Tj ET Q q 0 0 0 rg BT 252.24 293.90 Td (that ) Tj ET Q q 0 0 0 rg BT 269.53 293.90 Td (could ) Tj ET Q q 0 0 0 rg BT 294.04 293.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 329.09 293.90 Td (our ) Tj ET Q q 0 0 0 rg BT 344.72 293.90 Td (ef) Tj ET Q q 0 0 0 rg BT 352.31 293.90 Td (fective ) Tj ET Q q 0 0 0 rg BT 381.81 293.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 396.32 293.90 Td (rate. ) Tj ET Q q 0 0 0 rg BT 418.61 293.90 Td (In ) Tj ET Q q 0 0 0 rg BT 429.23 293.90 Td (addition, ) Tj ET Q q 0 0 0 rg BT 466.80 293.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 481.32 293.90 Td (laws, ) Tj ET Q q 0 0 0 rg BT 504.45 293.90 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 553.68 293.90 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.90 Td (treaties ) Tj ET Q q 0 0 0 rg BT 81.33 281.90 Td (enacted ) Tj ET Q q 0 0 0 rg BT 114.33 281.90 Td (in ) Tj ET Q q 0 0 0 rg BT 124.57 281.90 Td (the ) Tj ET Q q 0 0 0 rg BT 139.24 281.90 Td (future ) Tj ET Q q 0 0 0 rg BT 165.58 281.90 Td (may ) Tj ET Q q 0 0 0 rg BT 185.26 281.90 Td (cause ) Tj ET Q q 0 0 0 rg BT 209.93 281.90 Td (us ) Tj ET Q q 0 0 0 rg BT 221.28 281.90 Td (to ) Tj ET Q q 0 0 0 rg BT 231.52 281.90 Td (revalue ) Tj ET Q q 0 0 0 rg BT 263.40 281.90 Td (our ) Tj ET Q q 0 0 0 rg BT 279.19 281.90 Td (deferred ) Tj ET Q q 0 0 0 rg BT 314.96 281.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 329.64 281.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 355.43 281.90 Td (and ) Tj ET Q q 0 0 0 rg BT 372.33 281.90 Td (have ) Tj ET Q q 0 0 0 rg BT 393.67 281.90 Td (a ) Tj ET Q q 0 0 0 rg BT 400.57 281.90 Td (material ) Tj ET Q q 0 0 0 rg BT 435.79 281.90 Td (change ) Tj ET Q q 0 0 0 rg BT 466.56 281.90 Td (to ) Tj ET Q q 0 0 0 rg BT 476.80 281.90 Td (our ) Tj ET Q q 0 0 0 rg BT 492.59 281.90 Td (ef) Tj ET Q q 0 0 0 rg BT 500.18 281.90 Td (fective ) Tj ET Q q 0 0 0 rg BT 529.84 281.90 Td (tax ) Tj ET Q q 0 0 0 rg BT 544.52 281.90 Td (rate. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 260.90 Td (The ) Tj ET Q q 0 0 0 rg BT 80.61 260.90 Td (value ) Tj ET Q q 0 0 0 rg BT 105.33 260.90 Td (of ) Tj ET Q q 0 0 0 rg BT 116.16 260.90 Td (our ) Tj ET Q q 0 0 0 rg BT 133.11 260.90 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 170.61 260.90 Td (may ) Tj ET Q q 0 0 0 rg BT 190.33 260.90 Td (decline ) Tj ET Q q 0 0 0 rg BT 222.26 260.90 Td (in ) Tj ET Q q 0 0 0 rg BT 233.10 260.90 Td (the ) Tj ET Q q 0 0 0 rg BT 248.38 260.90 Td (future, ) Tj ET Q q 0 0 0 rg BT 278.94 260.90 Td (which ) Tj ET Q q 0 0 0 rg BT 306.45 260.90 Td (could ) Tj ET Q q 0 0 0 rg BT 331.73 260.90 Td (adversely ) Tj ET Q q 0 0 0 rg BT 372.55 260.90 Td (af) Tj ET Q q 0 0 0 rg BT 380.70 260.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 398.18 260.90 Td (our ) Tj ET Q q 0 0 0 rg BT 415.13 260.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 454.86 260.90 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 239.90 Td (A) Tj ET Q q 0 0 0 rg BT 80.67 239.90 Td ( ) Tj ET Q q 0 0 0 rg BT 82.39 239.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 126.31 239.90 Td (decline ) Tj ET Q q 0 0 0 rg BT 156.90 239.90 Td (in ) Tj ET Q q 0 0 0 rg BT 166.40 239.90 Td (our ) Tj ET Q q 0 0 0 rg BT 181.44 239.90 Td (expected ) Tj ET Q q 0 0 0 rg BT 218.69 239.90 Td (future ) Tj ET Q q 0 0 0 rg BT 244.29 239.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 263.77 239.90 Td (flows, ) Tj ET Q q 0 0 0 rg BT 290.21 239.90 Td (a ) Tj ET Q q 0 0 0 rg BT 296.36 239.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 340.29 239.90 Td (adverse ) Tj ET Q q 0 0 0 rg BT 372.54 239.90 Td (change ) Tj ET Q q 0 0 0 rg BT 402.58 239.90 Td (in ) Tj ET Q q 0 0 0 rg BT 412.07 239.90 Td (the ) Tj ET Q q 0 0 0 rg BT 426.00 239.90 Td (business ) Tj ET Q q 0 0 0 rg BT 461.61 239.90 Td (climate, ) Tj ET Q q 0 0 0 rg BT 495.26 239.90 Td (or ) Tj ET Q q 0 0 0 rg BT 505.30 239.90 Td (slower ) Tj ET Q q 0 0 0 rg BT 533.68 239.90 Td (growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.90 Td (rates, ) Tj ET Q q 0 0 0 rg BT 73.16 227.90 Td (any ) Tj ET Q q 0 0 0 rg BT 89.37 227.90 Td (or ) Tj ET Q q 0 0 0 rg BT 99.48 227.90 Td (all ) Tj ET Q q 0 0 0 rg BT 111.26 227.90 Td (of ) Tj ET Q q 0 0 0 rg BT 121.36 227.90 Td (which ) Tj ET Q q 0 0 0 rg BT 147.58 227.90 Td (could ) Tj ET Q q 0 0 0 rg BT 171.58 227.90 Td (be ) Tj ET Q q 0 0 0 rg BT 182.79 227.90 Td (materially ) Tj ET Q q 0 0 0 rg BT 225.11 227.90 Td (af) Tj ET Q q 0 0 0 rg BT 232.70 227.90 Td (fected ) Tj ET Q q 0 0 0 rg BT 258.90 227.90 Td (by ) Tj ET Q q 0 0 0 rg BT 270.68 227.90 Td (many ) Tj ET Q q 0 0 0 rg BT 294.68 227.90 Td (of ) Tj ET Q q 0 0 0 rg BT 304.78 227.90 Td (the ) Tj ET Q q 0 0 0 rg BT 318.78 227.90 Td (risk ) Tj ET Q q 0 0 0 rg BT 335.56 227.90 Td (factors ) Tj ET Q q 0 0 0 rg BT 364.54 227.90 Td (discussed ) Tj ET Q q 0 0 0 rg BT 404.65 227.90 Td (herein, ) Tj ET Q q 0 0 0 rg BT 433.92 227.90 Td (may ) Tj ET Q q 0 0 0 rg BT 452.91 227.90 Td (require ) Tj ET Q q 0 0 0 rg BT 483.01 227.90 Td (that ) Tj ET Q q 0 0 0 rg BT 499.78 227.90 Td (we ) Tj ET Q q 0 0 0 rg BT 513.22 227.90 Td (take ) Tj ET Q q 0 0 0 rg BT 531.65 227.90 Td (char) Tj ET Q q 0 0 0 rg BT 548.68 227.90 Td (ges ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.90 Td (in ) Tj ET Q q 0 0 0 rg BT 60.01 215.90 Td (the ) Tj ET Q q 0 0 0 rg BT 74.46 215.90 Td (future ) Tj ET Q q 0 0 0 rg BT 100.57 215.90 Td (related ) Tj ET Q q 0 0 0 rg BT 130.01 215.90 Td (to ) Tj ET Q q 0 0 0 rg BT 140.02 215.90 Td (the ) Tj ET Q q 0 0 0 rg BT 154.47 215.90 Td (impairment ) Tj ET Q q 0 0 0 rg BT 202.80 215.90 Td (of ) Tj ET Q q 0 0 0 rg BT 213.36 215.90 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 253.65 215.90 Td (Future ) Tj ET Q q 0 0 0 rg BT 281.99 215.90 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 325.32 215.90 Td (actions ) Tj ET Q q 0 0 0 rg BT 355.88 215.90 Td (also ) Tj ET Q q 0 0 0 rg BT 374.22 215.90 Td (could ) Tj ET Q q 0 0 0 rg BT 398.67 215.90 Td (have ) Tj ET Q q 0 0 0 rg BT 419.78 215.90 Td (a ) Tj ET Q q 0 0 0 rg BT 426.45 215.90 Td (material ) Tj ET Q q 0 0 0 rg BT 461.44 215.90 Td (impact ) Tj ET Q q 0 0 0 rg BT 490.89 215.90 Td (on ) Tj ET Q q 0 0 0 rg BT 503.12 215.90 Td (assessments ) Tj ET Q q 0 0 0 rg BT 553.68 215.90 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.90 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 87.67 203.90 Td (for ) Tj ET Q q 0 0 0 rg BT 101.44 203.90 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 152.16 203.90 Td (If ) Tj ET Q q 0 0 0 rg BT 160.93 203.90 Td (we ) Tj ET Q q 0 0 0 rg BT 174.70 203.90 Td (were ) Tj ET Q q 0 0 0 rg BT 196.24 203.90 Td (to ) Tj ET Q q 0 0 0 rg BT 206.14 203.90 Td (conclude ) Tj ET Q q 0 0 0 rg BT 244.34 203.90 Td (that ) Tj ET Q q 0 0 0 rg BT 261.45 203.90 Td (a ) Tj ET Q q 0 0 0 rg BT 268.00 203.90 Td (future ) Tj ET Q q 0 0 0 rg BT 293.99 203.90 Td (write-down ) Tj ET Q q 0 0 0 rg BT 342.21 203.90 Td (of ) Tj ET Q q 0 0 0 rg BT 352.65 203.90 Td (our ) Tj ET Q q 0 0 0 rg BT 368.09 203.90 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 405.76 203.90 Td (and ) Tj ET Q q 0 0 0 rg BT 422.31 203.90 Td (other ) Tj ET Q q 0 0 0 rg BT 444.97 203.90 Td (intangible ) Tj ET Q q 0 0 0 rg BT 487.08 203.90 Td (assets ) Tj ET Q q 0 0 0 rg BT 512.52 203.90 Td (is ) Tj ET Q q 0 0 0 rg BT 521.30 203.90 Td (necessary) Tj ET Q q 0 0 0 rg BT 559.52 203.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.90 Td (we ) Tj ET Q q 0 0 0 rg BT 63.98 191.90 Td (would ) Tj ET Q q 0 0 0 rg BT 91.31 191.90 Td (record ) Tj ET Q q 0 0 0 rg BT 119.17 191.90 Td (the ) Tj ET Q q 0 0 0 rg BT 133.71 191.90 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 181.57 191.90 Td (char) Tj ET Q q 0 0 0 rg BT 198.59 191.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 210.36 191.90 Td (which ) Tj ET Q q 0 0 0 rg BT 237.12 191.90 Td (could ) Tj ET Q q 0 0 0 rg BT 261.66 191.90 Td (have ) Tj ET Q q 0 0 0 rg BT 282.86 191.90 Td (a ) Tj ET Q q 0 0 0 rg BT 289.62 191.90 Td (material ) Tj ET Q q 0 0 0 rg BT 324.71 191.90 Td (adverse ) Tj ET Q q 0 0 0 rg BT 357.57 191.90 Td (ef) Tj ET Q q 0 0 0 rg BT 365.16 191.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 382.47 191.90 Td (on ) Tj ET Q q 0 0 0 rg BT 394.79 191.90 Td (our ) Tj ET Q q 0 0 0 rg BT 410.44 191.90 Td (results ) Tj ET Q q 0 0 0 rg BT 438.88 191.90 Td (of ) Tj ET Q q 0 0 0 rg BT 449.53 191.90 Td (operations ) Tj ET Q q 0 0 0 rg BT 493.51 191.90 Td (and ) Tj ET Q q 0 0 0 rg BT 510.27 191.90 Td (market ) Tj ET Q q 0 0 0 rg BT 540.36 191.90 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.90 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 179.90 Td (our ) Tj ET Q q 0 0 0 rg BT 76.66 179.90 Td (common ) Tj ET Q q 0 0 0 rg BT 114.16 179.90 Td (stock.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 158.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 80.95 158.90 Td (failure ) Tj ET Q q 0 0 0 rg BT 111.01 158.90 Td (to ) Tj ET Q q 0 0 0 rg BT 121.06 158.90 Td (prevent ) Tj ET Q q 0 0 0 rg BT 153.89 158.90 Td (a ) Tj ET Q q 0 0 0 rg BT 161.17 158.90 Td (cyber-security ) Tj ET Q q 0 0 0 rg BT 221.20 158.90 Td (attack ) Tj ET Q q 0 0 0 rg BT 248.47 158.90 Td (may ) Tj ET Q q 0 0 0 rg BT 267.97 158.90 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 299.15 158.90 Td (our ) Tj ET Q q 0 0 0 rg BT 315.88 158.90 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 364.00 158.90 Td (harm ) Tj ET Q q 0 0 0 rg BT 388.51 158.90 Td (our ) Tj ET Q q 0 0 0 rg BT 405.24 158.90 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 452.81 158.90 Td (result ) Tj ET Q q 0 0 0 rg BT 478.42 158.90 Td (in ) Tj ET Q q 0 0 0 rg BT 489.04 158.90 Td (losses ) Tj ET Q q 0 0 0 rg BT 515.21 158.90 Td (or ) Tj ET Q q 0 0 0 rg BT 526.38 158.90 Td (limit ) Tj ET Q q 0 0 0 rg BT 547.55 158.90 Td (our ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 146.90 Td (growth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 125.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 93.17 125.90 Td (clients ) Tj ET Q q 0 0 0 rg BT 122.88 125.90 Td (typically ) Tj ET Q q 0 0 0 rg BT 161.49 125.90 Td (provide ) Tj ET Q q 0 0 0 rg BT 195.65 125.90 Td (us ) Tj ET Q q 0 0 0 rg BT 208.15 125.90 Td (with ) Tj ET Q q 0 0 0 rg BT 229.54 125.90 Td (sensitive ) Tj ET Q q 0 0 0 rg BT 268.15 125.90 Td (and ) Tj ET Q q 0 0 0 rg BT 286.20 125.90 Td (confidential ) Tj ET Q q 0 0 0 rg BT 337.57 125.90 Td (information. ) Tj ET Q q 0 0 0 rg BT 390.64 125.90 Td (W) Tj ET Q q 0 0 0 rg BT 399.28 125.90 Td (e ) Tj ET Q q 0 0 0 rg BT 407.33 125.90 Td (rely ) Tj ET Q q 0 0 0 rg BT 426.49 125.90 Td (heavily ) Tj ET Q q 0 0 0 rg BT 459.53 125.90 Td (on ) Tj ET Q q 0 0 0 rg BT 473.15 125.90 Td (our ) Tj ET Q q 0 0 0 rg BT 490.09 125.90 Td (technological ) Tj ET Q q 0 0 0 rg BT 547.57 125.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.90 Td (communications ) Tj ET Q q 0 0 0 rg BT 118.09 113.90 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 173.94 113.90 Td (to ) Tj ET Q q 0 0 0 rg BT 183.71 113.90 Td (securely ) Tj ET Q q 0 0 0 rg BT 219.02 113.90 Td (process, ) Tj ET Q q 0 0 0 rg BT 253.50 113.90 Td (transmit ) Tj ET Q q 0 0 0 rg BT 288.27 113.90 Td (and ) Tj ET Q q 0 0 0 rg BT 304.70 113.90 Td (store ) Tj ET Q q 0 0 0 rg BT 326.13 113.90 Td (such ) Tj ET Q q 0 0 0 rg BT 346.45 113.90 Td (information ) Tj ET Q q 0 0 0 rg BT 395.65 113.90 Td (among ) Tj ET Q q 0 0 0 rg BT 424.86 113.90 Td (our ) Tj ET Q q 0 0 0 rg BT 440.18 113.90 Td (locations ) Tj ET Q q 0 0 0 rg BT 478.27 113.90 Td (around ) Tj ET Q q 0 0 0 rg BT 508.03 113.90 Td (the ) Tj ET Q q 0 0 0 rg BT 522.24 113.90 Td (world ) Tj ET Q q 0 0 0 rg BT 547.56 113.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.90 Td (with ) Tj ET Q q 0 0 0 rg BT 70.08 101.90 Td (our ) Tj ET Q q 0 0 0 rg BT 85.70 101.90 Td (professional ) Tj ET Q q 0 0 0 rg BT 136.88 101.90 Td (staf) Tj ET Q q 0 0 0 rg BT 151.14 101.90 Td (f, ) Tj ET Q q 0 0 0 rg BT 159.26 101.90 Td (clients, ) Tj ET Q q 0 0 0 rg BT 190.16 101.90 Td (alliance ) Tj ET Q q 0 0 0 rg BT 223.55 101.90 Td (partners ) Tj ET Q q 0 0 0 rg BT 258.05 101.90 Td (and ) Tj ET Q q 0 0 0 rg BT 274.79 101.90 Td (vendors. ) Tj ET Q q 0 0 0 rg BT 311.25 101.90 Td (If ) Tj ET Q q 0 0 0 rg BT 320.21 101.90 Td (any ) Tj ET Q q 0 0 0 rg BT 336.94 101.90 Td (of ) Tj ET Q q 0 0 0 rg BT 347.57 101.90 Td (our ) Tj ET Q q 0 0 0 rg BT 363.20 101.90 Td (technology ) Tj ET Q q 0 0 0 rg BT 409.93 101.90 Td (systems ) Tj ET Q q 0 0 0 rg BT 443.89 101.90 Td (do ) Tj ET Q q 0 0 0 rg BT 456.19 101.90 Td (not ) Tj ET Q q 0 0 0 rg BT 471.27 101.90 Td (operate ) Tj ET Q q 0 0 0 rg BT 502.99 101.90 Td (properly ) Tj ET Q q 0 0 0 rg BT 539.16 101.90 Td (or ) Tj ET Q q 0 0 0 rg BT 549.79 101.90 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.90 Td (disabled, ) Tj ET Q q 0 0 0 rg BT 89.58 89.90 Td (we ) Tj ET Q q 0 0 0 rg BT 105.00 89.90 Td (could ) Tj ET Q q 0 0 0 rg BT 130.97 89.90 Td (suf) Tj ET Q q 0 0 0 rg BT 143.01 89.90 Td (fer ) Tj ET Q q 0 0 0 rg BT 157.87 89.90 Td (financial ) Tj ET Q q 0 0 0 rg BT 196.60 89.90 Td (loss, ) Tj ET Q q 0 0 0 rg BT 218.42 89.90 Td (a ) Tj ET Q q 0 0 0 rg BT 226.61 89.90 Td (disruption ) Tj ET Q q 0 0 0 rg BT 270.93 89.90 Td (of ) Tj ET Q q 0 0 0 rg BT 283.01 89.90 Td (our ) Tj ET Q q 0 0 0 rg BT 300.10 89.90 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 348.58 89.90 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 393.42 89.90 Td (intervention ) Tj ET Q q 0 0 0 rg BT 445.50 89.90 Td (or ) Tj ET Q q 0 0 0 rg BT 457.59 89.90 Td (reputational ) Tj ET Q q 0 0 0 rg BT 509.10 89.90 Td (damage. ) Tj ET Q q 0 0 0 rg BT 546.45 89.90 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.90 Td (information ) Tj ET Q q 0 0 0 rg BT 99.91 77.90 Td (systems ) Tj ET Q q 0 0 0 rg BT 134.28 77.90 Td (and ) Tj ET Q q 0 0 0 rg BT 151.42 77.90 Td (technology ) Tj ET Q q 0 0 0 rg BT 198.55 77.90 Td (may ) Tj ET Q q 0 0 0 rg BT 218.47 77.90 Td (not ) Tj ET Q q 0 0 0 rg BT 233.95 77.90 Td (continue ) Tj ET Q q 0 0 0 rg BT 271.08 77.90 Td (to ) Tj ET Q q 0 0 0 rg BT 281.56 77.90 Td (be ) Tj ET Q q 0 0 0 rg BT 293.70 77.90 Td (able ) Tj ET Q q 0 0 0 rg BT 313.06 77.90 Td (to ) Tj ET Q q 0 0 0 rg BT 323.54 77.90 Td (accommodate ) Tj ET Q q 0 0 0 rg BT 381.76 77.90 Td (our ) Tj ET Q q 0 0 0 rg BT 397.79 77.90 Td (growth, ) Tj ET Q q 0 0 0 rg BT 431.32 77.90 Td (and ) Tj ET Q q 0 0 0 rg BT 448.46 77.90 Td (the ) Tj ET Q q 0 0 0 rg BT 463.38 77.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 482.19 77.90 Td (of ) Tj ET Q q 0 0 0 rg BT 493.22 77.90 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 543.69 77.90 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.90 Td (systems ) Tj ET Q q 0 0 0 rg BT 82.99 65.90 Td (may ) Tj ET Q q 0 0 0 rg BT 101.53 65.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 135.60 65.90 Td (from ) Tj ET Q q 0 0 0 rg BT 156.36 65.90 Td (its ) Tj ET Q q 0 0 0 rg BT 167.13 65.90 Td (current ) Tj ET Q q 0 0 0 rg BT 196.77 65.90 Td (level. ) Tj ET Q q 0 0 0 rg BT 220.02 65.90 Td (Such ) Tj ET Q q 0 0 0 rg BT 241.34 65.90 Td (a ) Tj ET Q q 0 0 0 rg BT 247.10 65.90 Td (failure ) Tj ET Q q 0 0 0 rg BT 274.52 65.90 Td (to ) Tj ET Q q 0 0 0 rg BT 283.62 65.90 Td (accommodate ) Tj ET Q q 0 0 0 rg BT 340.46 65.90 Td (growth, ) Tj ET Q q 0 0 0 rg BT 372.61 65.90 Td (or ) Tj ET Q q 0 0 0 rg BT 382.27 65.90 Td (an ) Tj ET Q q 0 0 0 rg BT 393.02 65.90 Td (increase ) Tj ET Q q 0 0 0 rg BT 427.10 65.90 Td (in ) Tj ET Q q 0 0 0 rg BT 436.20 65.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 457.52 65.90 Td (related ) Tj ET Q q 0 0 0 rg BT 486.04 65.90 Td (to ) Tj ET Q q 0 0 0 rg BT 495.14 65.90 Td (such ) Tj ET Q q 0 0 0 rg BT 514.79 65.90 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 53.90 Td (systems, ) Tj ET Q q 0 0 0 rg BT 86.67 53.90 Td (could ) Tj ET Q q 0 0 0 rg BT 111.39 53.90 Td (have ) Tj ET Q q 0 0 0 rg BT 132.76 53.90 Td (a ) Tj ET Q q 0 0 0 rg BT 139.70 53.90 Td (material ) Tj ET Q q 0 0 0 rg BT 174.96 53.90 Td (adverse ) Tj ET Q q 0 0 0 rg BT 208.00 53.90 Td (ef) Tj ET Q q 0 0 0 rg BT 215.59 53.90 Td (fect ) Tj ET Q q 0 0 0 rg BT 233.07 53.90 Td (on ) Tj ET Q q 0 0 0 rg BT 245.57 53.90 Td (us. ) Tj ET Q q 0 0 0 rg BT 259.46 53.90 Td ( ) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 742.10 Td (e ) Tj ET Q q 0 0 0 rg BT 89.72 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 109.59 742.10 Td (also ) Tj ET Q q 0 0 0 rg BT 128.35 742.10 Td (encounter ) Tj ET Q q 0 0 0 rg BT 170.42 742.10 Td (cyber) Tj ET Q q 0 0 0 rg BT 192.42 742.10 Td (-attacks ) Tj ET Q q 0 0 0 rg BT 226.17 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 238.81 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 254.79 742.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 285.20 742.10 Td (data ) Tj ET Q q 0 0 0 rg BT 304.50 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 321.59 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 335.90 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 355.76 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 371.19 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 383.27 742.10 Td (able ) Tj ET Q q 0 0 0 rg BT 402.58 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.00 742.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 454.52 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.50 742.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 498.13 742.10 Td (all ) Tj ET Q q 0 0 0 rg BT 510.77 742.10 Td (such ) Tj ET Q q 0 0 0 rg BT 531.75 742.10 Td (attacks. ) Tj ET Q q 0 0 0 rg BT 564.51 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 567.01 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 730.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.48 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 85.10 730.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 108.05 730.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 151.55 730.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 173.95 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.13 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 195.98 730.10 Td (ef) Tj ET Q q 0 0 0 rg BT 203.56 730.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 220.41 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 230.59 730.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 270.76 730.10 Td (these ) Tj ET Q q 0 0 0 rg BT 293.71 730.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 315.01 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.85 730.10 Td (could ) Tj ET Q q 0 0 0 rg BT 356.47 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 368.31 730.10 Td (held ) Tj ET Q q 0 0 0 rg BT 387.93 730.10 Td (liable ) Tj ET Q q 0 0 0 rg BT 412.55 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 426.61 730.10 Td (any ) Tj ET Q q 0 0 0 rg BT 443.46 730.10 Td (security ) Tj ET Q q 0 0 0 rg BT 477.51 730.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 506.56 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 517.30 730.10 Td (loss. ) Tj ET Q q 0 0 0 rg BT 537.59 730.10 Td (While ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.29 718.10 Td (have ) Tj ET Q q 0 0 0 rg BT 85.80 718.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 119.54 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.61 718.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 183.11 718.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 221.28 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.69 718.10 Td (prevent ) Tj ET Q q 0 0 0 rg BT 264.31 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 275.27 718.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 296.80 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.65 718.10 Td (ef) Tj ET Q q 0 0 0 rg BT 319.23 718.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 336.85 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.81 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.66 718.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 398.07 718.10 Td (failure, ) Tj ET Q q 0 0 0 rg BT 429.30 718.10 Td (interruption ) Tj ET Q q 0 0 0 rg BT 479.14 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 490.10 718.10 Td (security ) Tj ET Q q 0 0 0 rg BT 524.39 718.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 553.67 718.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.70 706.10 Td (information ) Tj ET Q q 0 0 0 rg BT 115.29 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.10 706.10 Td (communication ) Tj ET Q q 0 0 0 rg BT 196.68 706.10 Td (systems, ) Tj ET Q q 0 0 0 rg BT 233.22 706.10 Td (there ) Tj ET Q q 0 0 0 rg BT 255.58 706.10 Td (can ) Tj ET Q q 0 0 0 rg BT 271.83 706.10 Td (be ) Tj ET Q q 0 0 0 rg BT 283.64 706.10 Td (no ) Tj ET Q q 0 0 0 rg BT 296.02 706.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 337.26 706.10 Td (that ) Tj ET Q q 0 0 0 rg BT 354.62 706.10 Td (any ) Tj ET Q q 0 0 0 rg BT 371.44 706.10 Td (such ) Tj ET Q q 0 0 0 rg BT 392.14 706.10 Td (failure, ) Tj ET Q q 0 0 0 rg BT 423.11 706.10 Td (interruption ) Tj ET Q q 0 0 0 rg BT 472.69 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 483.39 706.10 Td (security ) Tj ET Q q 0 0 0 rg BT 517.42 706.10 Td (breach ) Tj ET Q q 0 0 0 rg BT 546.44 706.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (not ) Tj ET Q q 0 0 0 rg BT 64.78 694.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 88.99 694.10 Td (or) Tj ET Q q 0 0 0 rg BT 96.92 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 101.42 694.10 Td (if ) Tj ET Q q 0 0 0 rg BT 109.53 694.10 Td (they ) Tj ET Q q 0 0 0 rg BT 128.75 694.10 Td (do ) Tj ET Q q 0 0 0 rg BT 140.75 694.10 Td (occur) Tj ET Q q 0 0 0 rg BT 162.56 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 167.06 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 184.06 694.10 Td (they ) Tj ET Q q 0 0 0 rg BT 203.28 694.10 Td (will ) Tj ET Q q 0 0 0 rg BT 220.83 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 232.28 694.10 Td (adequately ) Tj ET Q q 0 0 0 rg BT 277.59 694.10 Td (addressed. ) Tj ET Q q 0 0 0 rg BT 321.37 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 338.92 694.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 384.78 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.11 694.10 Td (any ) Tj ET Q q 0 0 0 rg BT 411.55 694.10 Td (failure, ) Tj ET Q q 0 0 0 rg BT 442.15 694.10 Td (interruption ) Tj ET Q q 0 0 0 rg BT 491.36 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 501.69 694.10 Td (security ) Tj ET Q q 0 0 0 rg BT 535.35 694.10 Td (breach ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.04 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.08 682.10 Td (information ) Tj ET Q q 0 0 0 rg BT 127.01 682.10 Td (or ) Tj ET Q q 0 0 0 rg BT 138.05 682.10 Td (communication ) Tj ET Q q 0 0 0 rg BT 202.97 682.10 Td (systems ) Tj ET Q q 0 0 0 rg BT 237.35 682.10 Td (could ) Tj ET Q q 0 0 0 rg BT 262.28 682.10 Td (damage ) Tj ET Q q 0 0 0 rg BT 296.09 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 312.13 682.10 Td (reputation, ) Tj ET Q q 0 0 0 rg BT 357.89 682.10 Td (result ) Tj ET Q q 0 0 0 rg BT 382.81 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.31 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 400.46 682.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 418.73 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.77 682.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 468.88 682.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 499.91 682.10 Td (us ) Tj ET Q q 0 0 0 rg BT 511.52 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.01 682.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 93.59 670.10 Td (scrutiny) Tj ET Q q 0 0 0 rg BT 125.16 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 130.16 670.10 Td (or ) Tj ET Q q 0 0 0 rg BT 140.99 670.10 Td (expose ) Tj ET Q q 0 0 0 rg BT 171.26 670.10 Td (us ) Tj ET Q q 0 0 0 rg BT 182.65 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.93 670.10 Td (civil ) Tj ET Q q 0 0 0 rg BT 213.20 670.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 251.81 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.75 670.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 304.03 670.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 341.51 670.10 Td (liability) Tj ET Q q 0 0 0 rg BT 371.97 670.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 649.10 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 649.10 Td (e ) Tj ET Q q 0 0 0 rg BT 90.08 649.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 121.97 649.10 Td (on ) Tj ET Q q 0 0 0 rg BT 134.98 649.10 Td (our ) Tj ET Q q 0 0 0 rg BT 151.31 649.10 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 205.41 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.19 649.10 Td (New ) Tj ET Q q 0 0 0 rg BT 237.64 649.10 Td (Y) Tj ET Q q 0 0 0 rg BT 243.86 649.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 260.19 649.10 Td (City) Tj ET Q q 0 0 0 rg BT 276.77 649.10 Td (, ) Tj ET Q q 0 0 0 rg BT 282.28 649.10 Td (where ) Tj ET Q q 0 0 0 rg BT 309.72 649.10 Td (a ) Tj ET Q q 0 0 0 rg BT 317.16 649.10 Td (lar) Tj ET Q q 0 0 0 rg BT 327.53 649.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 339.97 649.10 Td (number ) Tj ET Q q 0 0 0 rg BT 373.53 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.87 649.10 Td (our ) Tj ET Q q 0 0 0 rg BT 401.21 649.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 443.09 649.10 Td (are ) Tj ET Q q 0 0 0 rg BT 458.30 649.10 Td (located, ) Tj ET Q q 0 0 0 rg BT 492.68 649.10 Td (for ) Tj ET Q q 0 0 0 rg BT 507.35 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.58 649.10 Td (continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 89.63 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.83 637.10 Td (our ) Tj ET Q q 0 0 0 rg BT 115.03 637.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 152.88 637.10 Td (A) Tj ET Q q 0 0 0 rg BT 159.55 637.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.42 637.10 Td (disaster ) Tj ET Q q 0 0 0 rg BT 193.83 637.10 Td (or ) Tj ET Q q 0 0 0 rg BT 204.03 637.10 Td (a ) Tj ET Q q 0 0 0 rg BT 210.34 637.10 Td (disruption ) Tj ET Q q 0 0 0 rg BT 252.77 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 262.41 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.50 637.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 332.23 637.10 Td (that ) Tj ET Q q 0 0 0 rg BT 349.10 637.10 Td (supports ) Tj ET Q q 0 0 0 rg BT 384.86 637.10 Td (our ) Tj ET Q q 0 0 0 rg BT 400.06 637.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 446.65 637.10 Td (including ) Tj ET Q q 0 0 0 rg BT 486.29 637.10 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 536.47 637.10 Td (events ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.77 625.10 Td (as ) Tj ET Q q 0 0 0 rg BT 81.55 625.10 Td (hurricanes ) Tj ET Q q 0 0 0 rg BT 125.63 625.10 Td (or ) Tj ET Q q 0 0 0 rg BT 136.41 625.10 Td (other ) Tj ET Q q 0 0 0 rg BT 159.40 625.10 Td (lar) Tj ET Q q 0 0 0 rg BT 169.76 625.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 184.97 625.10 Td (scale ) Tj ET Q q 0 0 0 rg BT 207.40 625.10 Td (catastrophes, ) Tj ET Q q 0 0 0 rg BT 261.77 625.10 Td (a ) Tj ET Q q 0 0 0 rg BT 268.65 625.10 Td (disruption ) Tj ET Q q 0 0 0 rg BT 311.65 625.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 352.43 625.10 Td (electronic ) Tj ET Q q 0 0 0 rg BT 394.29 625.10 Td (communications ) Tj ET Q q 0 0 0 rg BT 462.83 625.10 Td (or ) Tj ET Q q 0 0 0 rg BT 473.60 625.10 Td (other ) Tj ET Q q 0 0 0 rg BT 496.59 625.10 Td (services ) Tj ET Q q 0 0 0 rg BT 531.24 625.10 Td (used ) Tj ET Q q 0 0 0 rg BT 552.02 625.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (us ) Tj ET Q q 0 0 0 rg BT 61.50 613.10 Td (or ) Tj ET Q q 0 0 0 rg BT 72.44 613.10 Td (third ) Tj ET Q q 0 0 0 rg BT 93.94 613.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 123.20 613.10 Td (with ) Tj ET Q q 0 0 0 rg BT 143.59 613.10 Td (whom ) Tj ET Q q 0 0 0 rg BT 171.20 613.10 Td (we ) Tj ET Q q 0 0 0 rg BT 185.47 613.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 219.74 613.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 258.74 613.10 Td (or ) Tj ET Q q 0 0 0 rg BT 269.68 613.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 302.83 613.10 Td (af) Tj ET Q q 0 0 0 rg BT 310.42 613.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 340.79 613.10 Td (our ) Tj ET Q q 0 0 0 rg BT 356.73 613.10 Td (headquarters, ) Tj ET Q q 0 0 0 rg BT 412.92 613.10 Td (could ) Tj ET Q q 0 0 0 rg BT 437.75 613.10 Td (have ) Tj ET Q q 0 0 0 rg BT 459.24 613.10 Td (a ) Tj ET Q q 0 0 0 rg BT 466.29 613.10 Td (material ) Tj ET Q q 0 0 0 rg BT 501.66 613.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 534.80 613.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.54 601.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.40 601.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 103.49 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.81 601.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 148.78 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.09 601.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 189.06 601.10 Td (our ) Tj ET Q q 0 0 0 rg BT 203.92 601.10 Td (business ) Tj ET Q q 0 0 0 rg BT 239.35 601.10 Td (without ) Tj ET Q q 0 0 0 rg BT 271.45 601.10 Td (interruption. ) Tj ET Q q 0 0 0 rg BT 322.58 601.10 Td (The ) Tj ET Q q 0 0 0 rg BT 339.67 601.10 Td (incidence ) Tj ET Q q 0 0 0 rg BT 379.51 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.49 601.10 Td (severity ) Tj ET Q q 0 0 0 rg BT 428.68 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.55 601.10 Td (catastrophes ) Tj ET Q q 0 0 0 rg BT 489.51 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.49 601.10 Td (other ) Tj ET Q q 0 0 0 rg BT 527.57 601.10 Td (disasters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.26 589.10 Td (inherently ) Tj ET Q q 0 0 0 rg BT 106.85 589.10 Td (unpredictable. ) Tj ET Q q 0 0 0 rg BT 165.81 589.10 Td ( ) Tj ET Q q 0 0 0 rg BT 167.86 589.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 185.46 589.10 Td (disaster ) Tj ET Q q 0 0 0 rg BT 218.06 589.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 255.08 589.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 294.90 589.10 Td (may ) Tj ET Q q 0 0 0 rg BT 314.16 589.10 Td (not ) Tj ET Q q 0 0 0 rg BT 328.99 589.10 Td (be ) Tj ET Q q 0 0 0 rg BT 340.48 589.10 Td (suf) Tj ET Q q 0 0 0 rg BT 352.52 589.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 380.11 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.93 589.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 424.75 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.02 589.10 Td (harm ) Tj ET Q q 0 0 0 rg BT 461.61 589.10 Td (that ) Tj ET Q q 0 0 0 rg BT 478.65 589.10 Td (may ) Tj ET Q q 0 0 0 rg BT 497.92 589.10 Td (result ) Tj ET Q q 0 0 0 rg BT 522.19 589.10 Td (from ) Tj ET Q q 0 0 0 rg BT 543.67 589.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.47 577.10 Td (disaster ) Tj ET Q q 0 0 0 rg BT 91.04 577.10 Td (or ) Tj ET Q q 0 0 0 rg BT 102.40 577.10 Td (disruption. ) Tj ET Q q 0 0 0 rg BT 147.81 577.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 188.62 577.10 Td (we ) Tj ET Q q 0 0 0 rg BT 203.31 577.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 226.87 577.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 268.21 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.02 577.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 314.82 577.10 Td (its ) Tj ET Q q 0 0 0 rg BT 327.29 577.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 366.42 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.22 577.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 407.45 577.10 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 458.79 577.10 Td (events, ) Tj ET Q q 0 0 0 rg BT 489.86 577.10 Td (our ) Tj ET Q q 0 0 0 rg BT 506.22 577.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 547.56 577.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (other ) Tj ET Q q 0 0 0 rg BT 73.05 565.10 Td (safeguards ) Tj ET Q q 0 0 0 rg BT 118.31 565.10 Td (might ) Tj ET Q q 0 0 0 rg BT 144.14 565.10 Td (only ) Tj ET Q q 0 0 0 rg BT 164.42 565.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 200.24 565.10 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 242.72 565.10 Td (us ) Tj ET Q q 0 0 0 rg BT 254.12 565.10 Td (for ) Tj ET Q q 0 0 0 rg BT 268.28 565.10 Td (our ) Tj ET Q q 0 0 0 rg BT 284.11 565.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 313.00 565.10 Td (if ) Tj ET Q q 0 0 0 rg BT 321.61 565.10 Td (at ) Tj ET Q q 0 0 0 rg BT 331.32 565.10 Td (all.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 544.10 Td (Fluctuations ) Tj ET Q q 0 0 0 rg BT 117.30 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.14 544.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 160.64 544.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 199.80 544.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 241.74 544.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 264.24 544.10 Td (could ) Tj ET Q q 0 0 0 rg BT 289.51 544.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 330.33 544.10 Td (af) Tj ET Q q 0 0 0 rg BT 338.48 544.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 355.96 544.10 Td (our ) Tj ET Q q 0 0 0 rg BT 372.92 544.10 Td (results ) Tj ET Q q 0 0 0 rg BT 402.65 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.48 544.10 Td (operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 523.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 109.11 523.10 Td (our ) Tj ET Q q 0 0 0 rg BT 124.23 523.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 161.00 523.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 205.00 523.10 Td (are ) Tj ET Q q 0 0 0 rg BT 219.00 523.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 272.44 523.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.01 523.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 301.58 523.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 330.59 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.82 523.10 Td (we ) Tj ET Q q 0 0 0 rg BT 360.27 523.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 390.93 523.10 Td (a ) Tj ET Q q 0 0 0 rg BT 397.16 523.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 427.83 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.96 523.10 Td (our ) Tj ET Q q 0 0 0 rg BT 453.08 523.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 486.51 523.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.08 523.10 Td (other ) Tj ET Q q 0 0 0 rg BT 518.42 523.10 Td (currencies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (predominantly ) Tj ET Q q 0 0 0 rg BT 110.81 511.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.09 511.10 Td (British ) Tj ET Q q 0 0 0 rg BT 150.81 511.10 Td (pounds, ) Tj ET Q q 0 0 0 rg BT 184.69 511.10 Td (euros, ) Tj ET Q q 0 0 0 rg BT 211.35 511.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.73 511.10 Td (Australian ) Tj ET Q q 0 0 0 rg BT 271.88 511.10 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 304.09 511.10 Td (we ) Tj ET Q q 0 0 0 rg BT 318.24 511.10 Td (are ) Tj ET Q q 0 0 0 rg BT 332.95 511.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 368.21 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.48 511.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 428.19 511.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.46 511.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 469.83 511.10 Td (currencies. ) Tj ET Q q 0 0 0 rg BT 515.91 511.10 Td (In ) Tj ET Q q 0 0 0 rg BT 526.73 511.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.47 499.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 81.72 499.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 140.08 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.67 499.10 Td (our ) Tj ET Q q 0 0 0 rg BT 166.81 499.10 Td (non-US ) Tj ET Q q 0 0 0 rg BT 200.73 499.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 246.31 499.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.56 499.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 293.57 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.71 499.10 Td (our ) Tj ET Q q 0 0 0 rg BT 320.85 499.10 Td (other ) Tj ET Q q 0 0 0 rg BT 344.21 499.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 383.12 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.71 499.10 Td (such ) Tj ET Q q 0 0 0 rg BT 414.85 499.10 Td (currencies. ) Tj ET Q q 0 0 0 rg BT 461.05 499.10 Td (W) Tj ET Q q 0 0 0 rg BT 469.68 499.10 Td (e ) Tj ET Q q 0 0 0 rg BT 476.93 499.10 Td (have ) Tj ET Q q 0 0 0 rg BT 498.62 499.10 Td (not ) Tj ET Q q 0 0 0 rg BT 514.21 499.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 546.45 499.10 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (any ) Tj ET Q q 0 0 0 rg BT 65.84 487.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 115.00 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.18 487.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 149.46 487.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.19 487.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 201.69 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.87 487.10 Td (these ) Tj ET Q q 0 0 0 rg BT 232.81 487.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 263.09 487.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 302.25 487.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 350.86 487.10 Td (through ) Tj ET Q q 0 0 0 rg BT 383.37 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.98 487.10 Td (use ) Tj ET Q q 0 0 0 rg BT 411.71 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.45 487.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 462.83 487.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 510.89 487.10 Td (or ) Tj ET Q q 0 0 0 rg BT 520.62 487.10 Td (otherwise. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (An ) Tj ET Q q 0 0 0 rg BT 64.21 475.10 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 115.61 475.10 Td (or ) Tj ET Q q 0 0 0 rg BT 125.92 475.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 177.33 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.64 475.10 Td (any ) Tj ET Q q 0 0 0 rg BT 204.06 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.38 475.10 Td (these ) Tj ET Q q 0 0 0 rg BT 236.91 475.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 279.97 475.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 311.94 475.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.70 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.90 475.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 355.67 475.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 380.98 475.10 Td (could ) Tj ET Q q 0 0 0 rg BT 405.18 475.10 Td (result ) Tj ET Q q 0 0 0 rg BT 429.38 475.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.14 475.10 Td (an ) Tj ET Q q 0 0 0 rg BT 450.56 475.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 483.08 475.10 Td (or ) Tj ET Q q 0 0 0 rg BT 493.40 475.10 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 534.80 475.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 463.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.11 463.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 113.59 463.10 Td (results.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 442.10 Td (The ) Tj ET Q q 0 0 0 rg BT 80.61 442.10 Td (market ) Tj ET Q q 0 0 0 rg BT 112.00 442.10 Td (price ) Tj ET Q q 0 0 0 rg BT 135.04 442.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.87 442.10 Td (our ) Tj ET Q q 0 0 0 rg BT 162.83 442.10 Td (common ) Tj ET Q q 0 0 0 rg BT 200.88 442.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 224.49 442.10 Td (is ) Tj ET Q q 0 0 0 rg BT 233.66 442.10 Td (volatile ) Tj ET Q q 0 0 0 rg BT 266.15 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.21 442.10 Td (may ) Tj ET Q q 0 0 0 rg BT 303.93 442.10 Td (decline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 421.10 Td (The ) Tj ET Q q 0 0 0 rg BT 80.90 421.10 Td (price ) Tj ET Q q 0 0 0 rg BT 104.23 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.91 421.10 Td (our ) Tj ET Q q 0 0 0 rg BT 132.59 421.10 Td (common ) Tj ET Q q 0 0 0 rg BT 170.93 421.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 195.39 421.10 Td (may ) Tj ET Q q 0 0 0 rg BT 215.95 421.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 254.28 421.10 Td (widely) Tj ET Q q 0 0 0 rg BT 280.85 421.10 Td (, ) Tj ET Q q 0 0 0 rg BT 286.70 421.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 331.70 421.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 355.05 421.10 Td (many ) Tj ET Q q 0 0 0 rg BT 380.62 421.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 413.67 421.10 Td (including ) Tj ET Q q 0 0 0 rg BT 454.79 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.36 421.10 Td (perceived ) Tj ET Q q 0 0 0 rg BT 512.57 421.10 Td (prospects ) Tj ET Q q 0 0 0 rg BT 553.69 421.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 90.37 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.42 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.24 409.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 159.83 409.10 Td (services ) Tj ET Q q 0 0 0 rg BT 194.64 409.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 230.03 409.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.42 409.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 274.95 409.10 Td (dif) Tj ET Q q 0 0 0 rg BT 285.87 409.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 321.79 409.10 Td (between ) Tj ET Q q 0 0 0 rg BT 357.71 409.10 Td (our ) Tj ET Q q 0 0 0 rg BT 373.65 409.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 400.13 409.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 437.71 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.76 409.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 495.13 409.10 Td (results ) Tj ET Q q 0 0 0 rg BT 523.85 409.10 Td (and ) Tj ET Q q 0 0 0 rg BT 540.89 409.10 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 87.26 397.10 Td (by ) Tj ET Q q 0 0 0 rg BT 98.99 397.10 Td (investors, ) Tj ET Q q 0 0 0 rg BT 139.33 397.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 173.26 397.10 Td (in ) Tj ET Q q 0 0 0 rg BT 182.77 397.10 Td (general ) Tj ET Q q 0 0 0 rg BT 213.92 397.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 254.52 397.10 Td (or ) Tj ET Q q 0 0 0 rg BT 264.58 397.10 Td (market ) Tj ET Q q 0 0 0 rg BT 294.07 397.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 337.47 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.63 397.10 Td (broad ) Tj ET Q q 0 0 0 rg BT 378.13 397.10 Td (market ) Tj ET Q q 0 0 0 rg BT 407.62 397.10 Td (fluctuations. ) Tj ET Q q 0 0 0 rg BT 459.06 397.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 483.01 397.10 Td (a ) Tj ET Q q 0 0 0 rg BT 489.17 397.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 533.12 397.10 Td (portion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.22 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.33 385.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 134.76 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.98 385.10 Td (our ) Tj ET Q q 0 0 0 rg BT 162.20 385.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 204.53 385.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 242.40 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.73 385.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 289.82 385.10 Td (other ) Tj ET Q q 0 0 0 rg BT 313.26 385.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 358.92 385.10 Td (is ) Tj ET Q q 0 0 0 rg BT 368.48 385.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 388.58 385.10 Td (in ) Tj ET Q q 0 0 0 rg BT 399.25 385.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 439.35 385.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 463.34 385.10 Td (units ) Tj ET Q q 0 0 0 rg BT 485.68 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.01 385.10 Td (our ) Tj ET Q q 0 0 0 rg BT 519.23 385.10 Td (employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 68.28 373.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 91.00 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.95 373.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 134.23 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.29 373.10 Td (share ) Tj ET Q q 0 0 0 rg BT 169.12 373.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 191.28 373.10 Td (to ) Tj ET Q q 0 0 0 rg BT 201.79 373.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 238.38 373.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 281.10 373.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 301.60 373.10 Td (flow) Tj ET Q q 0 0 0 rg BT 319.28 373.10 Td (, ) Tj ET Q q 0 0 0 rg BT 324.50 373.10 Td (a ) Tj ET Q q 0 0 0 rg BT 331.67 373.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 363.27 373.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.78 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.72 373.10 Td (price ) Tj ET Q q 0 0 0 rg BT 411.44 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.50 373.10 Td (our ) Tj ET Q q 0 0 0 rg BT 438.56 373.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 462.39 373.10 Td (may ) Tj ET Q q 0 0 0 rg BT 482.34 373.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 523.38 373.10 Td (af) Tj ET Q q 0 0 0 rg BT 530.97 373.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 548.68 373.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 78.31 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.86 361.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 114.38 361.10 Td (key ) Tj ET Q q 0 0 0 rg BT 131.58 361.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 179.61 361.10 Td (including ) Tj ET Q q 0 0 0 rg BT 220.15 361.10 Td (our ) Tj ET Q q 0 0 0 rg BT 236.24 361.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 278.43 361.10 Td (directors. ) Tj ET Q q 0 0 0 rg BT 318.68 361.10 Td (Similarly) Tj ET Q q 0 0 0 rg BT 355.25 361.10 Td (, ) Tj ET Q q 0 0 0 rg BT 360.52 361.10 Td (our ) Tj ET Q q 0 0 0 rg BT 376.61 361.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 404.92 361.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.47 361.10 Td (recruit ) Tj ET Q q 0 0 0 rg BT 444.32 361.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 486.52 361.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 524.27 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.47 361.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (professionals ) Tj ET Q q 0 0 0 rg BT 105.27 349.10 Td (may ) Tj ET Q q 0 0 0 rg BT 124.99 349.10 Td (be ) Tj ET Q q 0 0 0 rg BT 136.92 349.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 177.74 349.10 Td (af) Tj ET Q q 0 0 0 rg BT 185.33 349.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 212.25 349.10 Td (by ) Tj ET Q q 0 0 0 rg BT 224.75 349.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.69 349.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 263.06 349.10 Td (in ) Tj ET Q q 0 0 0 rg BT 273.34 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.06 349.10 Td (price ) Tj ET Q q 0 0 0 rg BT 310.54 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.37 349.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.20 349.10 Td (stock.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 328.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.15 328.10 Td (e ) Tj ET Q q 0 0 0 rg BT 77.09 328.10 Td (could ) Tj ET Q q 0 0 0 rg BT 102.37 328.10 Td (change ) Tj ET Q q 0 0 0 rg BT 134.87 328.10 Td (our ) Tj ET Q q 0 0 0 rg BT 151.82 328.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 186.55 328.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 224.04 328.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 250.97 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.81 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.09 328.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 307.65 328.10 Td (which ) Tj ET Q q 0 0 0 rg BT 335.16 328.10 Td (could ) Tj ET Q q 0 0 0 rg BT 360.44 328.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 401.26 328.10 Td (af) Tj ET Q q 0 0 0 rg BT 409.41 328.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 426.89 328.10 Td (our ) Tj ET Q q 0 0 0 rg BT 443.85 328.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 467.45 328.10 Td (price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 307.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 307.10 Td (e ) Tj ET Q q 0 0 0 rg BT 77.61 307.10 Td (began ) Tj ET Q q 0 0 0 rg BT 104.02 307.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 133.77 307.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 172.40 307.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 192.70 307.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 234.12 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.43 307.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 276.40 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.26 307.10 Td (record ) Tj ET Q q 0 0 0 rg BT 315.33 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.20 307.10 Td (our ) Tj ET Q q 0 0 0 rg BT 342.06 307.10 Td (common ) Tj ET Q q 0 0 0 rg BT 379.59 307.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 403.23 307.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.54 307.10 Td (June ) Tj ET Q q 0 0 0 rg BT 434.41 307.10 Td (2004.Since ) Tj ET Q q 0 0 0 rg BT 484.16 307.10 Td (2007, ) Tj ET Q q 0 0 0 rg BT 509.19 307.10 Td (we ) Tj ET Q q 0 0 0 rg BT 523.38 307.10 Td (have ) Tj ET Q q 0 0 0 rg BT 544.79 307.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 89.21 295.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 110.09 295.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 152.09 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.54 295.10 Td ($0.45 ) Tj ET Q q 0 0 0 rg BT 189.16 295.10 Td (per ) Tj ET Q q 0 0 0 rg BT 205.04 295.10 Td (share ) Tj ET Q q 0 0 0 rg BT 229.25 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.70 295.10 Td (our ) Tj ET Q q 0 0 0 rg BT 257.14 295.10 Td (common ) Tj ET Q q 0 0 0 rg BT 295.25 295.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 319.48 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.37 295.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 362.92 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.37 295.10 Td (record.) Tj ET Q q 0 0 0 rg BT 404.73 295.10 Td (W) Tj ET Q q 0 0 0 rg BT 413.36 295.10 Td (e ) Tj ET Q q 0 0 0 rg BT 420.92 295.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 449.03 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 459.92 295.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 497.47 295.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.36 295.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 525.92 295.10 Td (quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 91.30 283.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 122.04 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.23 283.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 161.29 283.10 Td (availability) Tj ET Q q 0 0 0 rg BT 205.63 283.10 Td (, ) Tj ET Q q 0 0 0 rg BT 210.54 283.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 230.73 283.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 255.36 283.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.21 283.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 307.39 283.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 369.23 283.10 Td (that ) Tj ET Q q 0 0 0 rg BT 386.64 283.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 406.82 283.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 448.12 283.10 Td (are ) Tj ET Q q 0 0 0 rg BT 462.75 283.10 Td (in ) Tj ET Q q 0 0 0 rg BT 472.94 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.57 283.10 Td (best ) Tj ET Q q 0 0 0 rg BT 506.09 283.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 537.94 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.68 283.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (stockholders.Future ) Tj ET Q q 0 0 0 rg BT 134.61 271.10 Td (declaration ) Tj ET Q q 0 0 0 rg BT 181.99 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.39 271.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 236.78 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.07 271.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 289.91 271.10 Td (on ) Tj ET Q q 0 0 0 rg BT 302.87 271.10 Td (our ) Tj ET Q q 0 0 0 rg BT 319.16 271.10 Td (common ) Tj ET Q q 0 0 0 rg BT 357.11 271.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 381.18 271.10 Td (is ) Tj ET Q q 0 0 0 rg BT 390.80 271.10 Td (at ) Tj ET Q q 0 0 0 rg BT 400.98 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.15 271.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 458.55 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.83 271.10 Td (our ) Tj ET Q q 0 0 0 rg BT 486.12 271.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 513.52 271.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.81 271.10 Td (Directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.58 259.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 99.59 259.10 Td (upon, ) Tj ET Q q 0 0 0 rg BT 125.23 259.10 Td (among ) Tj ET Q q 0 0 0 rg BT 155.58 259.10 Td (other ) Tj ET Q q 0 0 0 rg BT 179.27 259.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 209.35 259.10 Td (general ) Tj ET Q q 0 0 0 rg BT 241.91 259.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.03 259.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 327.33 259.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 357.12 259.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 412.46 259.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.03 259.10 Td (surplus, ) Tj ET Q q 0 0 0 rg BT 464.56 259.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 485.47 259.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 513.33 259.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 533.68 259.10 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 99.04 247.10 Td (our ) Tj ET Q q 0 0 0 rg BT 114.47 247.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 140.99 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.52 247.10 Td (future ) Tj ET Q q 0 0 0 rg BT 183.49 247.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 227.25 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.78 247.10 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 282.25 247.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 328.77 247.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 375.30 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.83 247.10 Td (other ) Tj ET Q q 0 0 0 rg BT 414.48 247.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 443.78 247.10 Td (as ) Tj ET Q q 0 0 0 rg BT 454.21 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.52 247.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 495.05 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.48 247.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 544.78 247.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (deem ) Tj ET Q q 0 0 0 rg BT 74.43 235.10 Td (relevant.For ) Tj ET Q q 0 0 0 rg BT 128.30 235.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 167.45 235.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.00 235.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.99 235.10 Td (event ) Tj ET Q q 0 0 0 rg BT 217.42 235.10 Td (that ) Tj ET Q q 0 0 0 rg BT 235.19 235.10 Td (there ) Tj ET Q q 0 0 0 rg BT 257.95 235.10 Td (is ) Tj ET Q q 0 0 0 rg BT 267.40 235.10 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 321.26 235.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.81 235.10 Td (our ) Tj ET Q q 0 0 0 rg BT 347.92 235.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 385.67 235.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 438.97 235.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 467.29 235.10 Td (our ) Tj ET Q q 0 0 0 rg BT 483.40 235.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 520.06 235.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 557.57 235.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (downturn ) Tj ET Q q 0 0 0 rg BT 91.53 223.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.50 223.10 Td (global ) Tj ET Q q 0 0 0 rg BT 130.69 223.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 172.76 223.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 217.62 223.10 Td (or ) Tj ET Q q 0 0 0 rg BT 229.15 223.10 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 276.79 223.10 Td (in ) Tj ET Q q 0 0 0 rg BT 287.76 223.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.18 223.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 329.14 223.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 363.99 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.62 223.10 Td (our ) Tj ET Q q 0 0 0 rg BT 398.15 223.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 426.89 223.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.87 223.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 466.06 223.10 Td (financing, ) Tj ET Q q 0 0 0 rg BT 509.52 223.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.04 223.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 553.68 223.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 90.50 211.10 Td (could ) Tj ET Q q 0 0 0 rg BT 116.01 211.10 Td (decide ) Tj ET Q q 0 0 0 rg BT 145.40 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.47 211.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 186.40 211.10 Td (or ) Tj ET Q q 0 0 0 rg BT 198.03 211.10 Td (even ) Tj ET Q q 0 0 0 rg BT 220.20 211.10 Td (suspend ) Tj ET Q q 0 0 0 rg BT 255.71 211.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 294.00 211.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 335.62 211.10 Td (in ) Tj ET Q q 0 0 0 rg BT 346.69 211.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.20 211.10 Td (future.) Tj ET Q q 0 0 0 rg BT 390.89 211.10 Td (W) Tj ET Q q 0 0 0 rg BT 399.53 211.10 Td (e ) Tj ET Q q 0 0 0 rg BT 407.26 211.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 437.21 211.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 471.05 211.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 513.21 211.10 Td (that ) Tj ET Q q 0 0 0 rg BT 531.49 211.10 Td (we ) Tj ET Q q 0 0 0 rg BT 546.45 211.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 87.56 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.46 199.10 Td (declare ) Tj ET Q q 0 0 0 rg BT 130.45 199.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 172.46 199.10 Td (at ) Tj ET Q q 0 0 0 rg BT 182.80 199.10 Td (all ) Tj ET Q q 0 0 0 rg BT 195.92 199.10 Td (or ) Tj ET Q q 0 0 0 rg BT 207.38 199.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.28 199.10 Td (any ) Tj ET Q q 0 0 0 rg BT 235.84 199.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 277.28 199.10 Td (amounts.) Tj ET Q q 0 0 0 rg BT 315.62 199.10 Td (A) Tj ET Q q 0 0 0 rg BT 322.29 199.10 Td ( ) Tj ET Q q 0 0 0 rg BT 325.41 199.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 366.30 199.10 Td (in ) Tj ET Q q 0 0 0 rg BT 377.20 199.10 Td (our ) Tj ET Q q 0 0 0 rg BT 393.66 199.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 431.78 199.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 473.23 199.10 Td (could ) Tj ET Q q 0 0 0 rg BT 498.57 199.10 Td (have ) Tj ET Q q 0 0 0 rg BT 520.57 199.10 Td (a ) Tj ET Q q 0 0 0 rg BT 528.13 199.10 Td (negative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 187.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 75.07 187.10 Td (on ) Tj ET Q q 0 0 0 rg BT 87.57 187.10 Td (our ) Tj ET Q q 0 0 0 rg BT 103.40 187.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 127.01 187.10 Td (price.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (Cautionary Statement Concerning Forward-Looking Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 145.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 145.10 Td (e ) Tj ET Q q 0 0 0 rg BT 78.48 145.10 Td (have ) Tj ET Q q 0 0 0 rg BT 100.77 145.10 Td (made ) Tj ET Q q 0 0 0 rg BT 125.83 145.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 171.45 145.10 Td (under ) Tj ET Q q 0 0 0 rg BT 197.63 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.25 145.10 Td (captions ) Tj ET Q q 0 0 0 rg BT 249.99 145.10 Td (Business, ) Tj ET Q q 0 0 0 rg BT 300.33 145.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 326.52 145.10 Td (Factors, ) Tj ET Q q 0 0 0 rg BT 366.31 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.15 145.10 Td (Management) Tj ET Q q 0 0 0 rg BT 443.57 145.10 Td (s ) Tj ET Q q 0 0 0 rg BT 450.87 145.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 498.17 145.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.27 145.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 553.67 145.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.03 133.10 Td (Condition ) Tj ET Q q 0 0 0 rg BT 130.86 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.12 133.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 178.39 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.54 133.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 238.68 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.94 133.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.54 133.10 Td (other ) Tj ET Q q 0 0 0 rg BT 286.90 133.10 Td (sections ) Tj ET Q q 0 0 0 rg BT 320.94 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.09 133.10 Td (this ) Tj ET Q q 0 0 0 rg BT 346.96 133.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 378.22 133.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 407.26 133.10 Td (on ) Tj ET Q q 0 0 0 rg BT 419.08 133.10 Td (Form10-K ) Tj ET Q q 0 0 0 rg BT 465.62 133.10 Td (that ) Tj ET Q q 0 0 0 rg BT 482.44 133.10 Td (are ) Tj ET Q q 0 0 0 rg BT 496.47 133.10 Td (forward-looking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 96.86 121.10 Td (In ) Tj ET Q q 0 0 0 rg BT 107.35 121.10 Td (some ) Tj ET Q q 0 0 0 rg BT 130.61 121.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 156.36 121.10 Td (you ) Tj ET Q q 0 0 0 rg BT 173.51 121.10 Td (can ) Tj ET Q q 0 0 0 rg BT 189.54 121.10 Td (identify ) Tj ET Q q 0 0 0 rg BT 222.80 121.10 Td (these ) Tj ET Q q 0 0 0 rg BT 245.50 121.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 289.86 121.10 Td (by ) Tj ET Q q 0 0 0 rg BT 302.01 121.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 369.70 121.10 Td (words ) Tj ET Q q 0 0 0 rg BT 396.30 121.10 Td (such ) Tj ET Q q 0 0 0 rg BT 416.78 121.10 Td (as ) Tj ET Q q 0 0 0 rg BT 427.26 121.10 Td (may, ) Tj ET Q q 0 0 0 rg BT 458.01 121.10 Td (might, ) Tj ET Q q 0 0 0 rg BT 494.87 121.10 Td (will, ) Tj ET Q q 0 0 0 rg BT 523.96 121.10 Td (should, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (expect, ) Tj ET Q q 0 0 0 rg BT 90.53 109.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 122.18 109.10 Td (outlook, 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Tj ET Q q 0 0 0 rg BT 330.92 97.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 400.90 97.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 450.06 97.10 Td (which ) Tj ET Q q 0 0 0 rg BT 478.95 97.10 Td (are ) Tj ET Q q 0 0 0 rg BT 495.61 97.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 528.38 97.10 Td (to ) Tj ET Q q 0 0 0 rg BT 540.61 97.10 Td (risks, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 105.44 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.23 85.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 178.03 85.10 Td (about ) Tj ET Q q 0 0 0 rg BT 204.60 85.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 220.35 85.10 Td (may ) Tj ET Q q 0 0 0 rg BT 241.92 85.10 Td (include ) Tj ET Q q 0 0 0 rg BT 275.70 85.10 Td (current ) Tj ET Q q 0 0 0 rg BT 308.37 85.10 Td (views ) Tj ET Q q 0 0 0 rg BT 336.05 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.84 85.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 403.63 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.31 85.10 Td (our ) Tj ET Q q 0 0 0 rg BT 434.00 85.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 480.00 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.79 85.10 Td (future ) Tj ET Q q 0 0 0 rg BT 527.02 85.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 105.25 73.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 135.81 73.10 Td (strategies ) Tj ET Q q 0 0 0 rg BT 175.80 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 192.47 73.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 238.57 73.10 Td (trends ) Tj ET Q q 0 0 0 rg BT 265.23 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 275.24 73.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.80 73.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 329.26 73.10 Td (These ) Tj ET Q q 0 0 0 rg BT 355.37 73.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 399.81 73.10 Td (are ) Tj ET Q q 0 0 0 rg BT 414.24 73.10 Td (only ) Tj ET Q q 0 0 0 rg BT 434.25 73.10 Td (predictions ) Tj ET Q q 0 0 0 rg BT 480.91 73.10 Td (based ) Tj ET Q q 0 0 0 rg BT 505.91 73.10 Td (on ) Tj ET Q q 0 0 0 rg BT 518.14 73.10 Td (our ) Tj ET Q q 0 0 0 rg BT 533.70 73.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 102.35 61.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.17 61.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 165.98 61.10 Td (about ) Tj ET Q q 0 0 0 rg BT 190.57 61.10 Td (future ) Tj ET Q q 0 0 0 rg BT 216.82 61.10 Td (events. ) Tj ET Q q 0 0 0 rg BT 247.07 61.10 Td (There ) Tj ET Q q 0 0 0 rg BT 272.76 61.10 Td (are ) Tj ET Q q 0 0 0 rg BT 287.34 61.10 Td (important ) Tj ET Q q 0 0 0 rg BT 328.60 61.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 358.18 61.10 Td (that ) Tj ET Q q 0 0 0 rg BT 375.55 61.10 Td (could ) Tj ET Q q 0 0 0 rg BT 400.14 61.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 424.72 61.10 Td (our ) Tj ET Q q 0 0 0 rg BT 440.42 61.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 466.67 61.10 Td (results, ) Tj ET Q q 0 0 0 rg BT 497.65 61.10 Td (level ) Tj ET Q q 0 0 0 rg BT 519.46 61.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.17 61.10 Td (activity) Tj ET Q q 0 0 0 rg BT 559.51 61.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.49 49.10 Td (or ) Tj ET Q q 0 0 0 rg BT 114.79 49.10 Td (achievements ) Tj ET Q q 0 0 0 rg BT 172.18 49.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.92 49.10 Td (dif) Tj ET Q q 0 0 0 rg BT 193.85 49.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 207.92 49.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 251.43 49.10 Td (from ) Tj ET Q q 0 0 0 rg BT 273.83 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.02 49.10 Td (results, ) Tj ET Q q 0 0 0 rg BT 320.60 49.10 Td (level ) Tj ET Q q 0 0 0 rg BT 343.00 49.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.30 49.10 Td (activity) Tj ET Q q 0 0 0 rg BT 383.64 49.10 Td (, ) Tj ET Q q 0 0 0 rg BT 389.11 49.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 442.60 49.10 Td (or ) Tj ET Q q 0 0 0 rg BT 453.90 49.10 Td (achievements ) Tj ET Q q 0 0 0 rg BT 511.28 49.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 553.68 49.10 Td (or ) Tj ET Q endstream endobj 35 0 obj <> endobj 36 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 84.46 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 98.36 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.49 742.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 183.93 742.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 232.55 742.10 Td (In ) Tj ET Q q 0 0 0 rg BT 244.79 742.10 Td (particular) Tj ET Q q 0 0 0 rg BT 282.70 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 289.10 742.10 Td (you ) Tj ET Q q 0 0 0 rg BT 308.01 742.10 Td (should ) Tj ET Q q 0 0 0 rg BT 338.58 742.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 376.37 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.49 742.10 Td (numerous ) Tj ET Q q 0 0 0 rg BT 435.83 742.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 458.63 742.10 Td (outlined ) Tj ET Q q 0 0 0 rg BT 495.31 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 507.00 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 742.10 Td (foregoing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (paragraphs ) Tj ET Q q 0 0 0 rg BT 96.37 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.20 730.10 Td (this ) Tj ET Q q 0 0 0 rg BT 124.15 730.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 149.42 730.10 Td (Factors ) Tj ET Q q 0 0 0 rg BT 185.80 730.10 Td (section.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 709.10 Td (These ) Tj ET Q q 0 0 0 rg BT 87.98 709.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 108.97 709.10 Td (are ) Tj ET Q q 0 0 0 rg BT 123.28 709.10 Td (not ) Tj ET Q q 0 0 0 rg BT 138.16 709.10 Td (exhaustive. ) Tj ET Q q 0 0 0 rg BT 185.52 709.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 210.39 709.10 Td (sections ) Tj ET Q q 0 0 0 rg BT 244.71 709.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.14 709.10 Td (this ) Tj ET Q q 0 0 0 rg BT 271.23 709.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 302.77 709.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 332.08 709.10 Td (on ) Tj ET Q q 0 0 0 rg BT 344.19 709.10 Td (Form10-K ) Tj ET Q q 0 0 0 rg BT 391.01 709.10 Td (may ) Tj ET Q q 0 0 0 rg BT 410.33 709.10 Td (include ) Tj ET Q q 0 0 0 rg BT 441.86 709.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 483.95 709.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 513.26 709.10 Td (which ) Tj ET Q q 0 0 0 rg BT 539.80 709.10 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 92.20 697.10 Td (af) Tj ET Q q 0 0 0 rg BT 99.79 697.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 118.67 697.10 Td (our ) Tj ET Q q 0 0 0 rg BT 135.89 697.10 Td (business ) Tj ET Q q 0 0 0 rg BT 173.67 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.99 697.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 230.86 697.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 287.78 697.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 326.80 697.10 Td (, ) Tj ET Q q 0 0 0 rg BT 333.19 697.10 Td (we ) Tj ET Q q 0 0 0 rg BT 348.74 697.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 382.06 697.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.72 697.10 Td (a ) Tj ET Q q 0 0 0 rg BT 402.05 697.10 Td (very ) Tj ET Q q 0 0 0 rg BT 423.71 697.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 474.80 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 493.13 697.10 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 525.35 697.10 Td (changing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (environment. ) Tj ET Q q 0 0 0 rg BT 105.50 685.10 Td (New ) Tj ET Q q 0 0 0 rg BT 126.83 685.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 144.29 685.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 173.95 685.10 Td (emer) Tj ET Q q 0 0 0 rg BT 193.76 685.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 205.65 685.10 Td (from ) Tj ET Q q 0 0 0 rg BT 227.54 685.10 Td (time ) Tj ET Q q 0 0 0 rg BT 247.77 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.00 685.10 Td (time ) Tj ET Q q 0 0 0 rg BT 278.23 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.13 685.10 Td (it ) Tj ET Q q 0 0 0 rg BT 303.14 685.10 Td (is ) Tj ET Q q 0 0 0 rg BT 312.26 685.10 Td (not ) Tj ET Q q 0 0 0 rg BT 327.50 685.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 362.73 685.10 Td (for ) Tj ET Q q 0 0 0 rg BT 376.85 685.10 Td (our ) Tj ET Q q 0 0 0 rg BT 392.63 685.10 Td (management ) Tj ET Q q 0 0 0 rg BT 446.17 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.41 685.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 486.63 685.10 Td (all ) Tj ET Q q 0 0 0 rg BT 499.08 685.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 516.53 685.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 548.69 685.10 Td (nor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (can ) Tj ET Q q 0 0 0 rg BT 66.79 673.10 Td (we ) Tj ET Q q 0 0 0 rg BT 81.37 673.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 108.72 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.85 673.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 153.98 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.22 673.10 Td (all ) Tj ET Q q 0 0 0 rg BT 178.13 673.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 208.25 673.10 Td (on ) Tj ET Q q 0 0 0 rg BT 221.17 673.10 Td (our ) Tj ET Q q 0 0 0 rg BT 237.41 673.10 Td (business ) Tj ET Q q 0 0 0 rg BT 274.22 673.10 Td (or ) Tj ET Q q 0 0 0 rg BT 285.46 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.59 673.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 327.94 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.63 673.10 Td (which ) Tj ET Q q 0 0 0 rg BT 365.99 673.10 Td (any ) Tj ET Q q 0 0 0 rg BT 383.34 673.10 Td (factor) Tj ET Q q 0 0 0 rg BT 406.25 673.10 Td (, ) Tj ET Q q 0 0 0 rg BT 411.67 673.10 Td (or ) Tj ET Q q 0 0 0 rg BT 422.91 673.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 475.82 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.06 673.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 519.68 673.10 Td (may ) Tj ET Q q 0 0 0 rg BT 539.81 673.10 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 76.37 661.10 Td (results ) Tj ET Q q 0 0 0 rg BT 104.98 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.26 661.10 Td (dif) Tj ET Q q 0 0 0 rg BT 126.19 661.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 139.79 661.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 182.82 661.10 Td (from ) Tj ET Q q 0 0 0 rg BT 204.76 661.10 Td (those ) Tj ET Q q 0 0 0 rg BT 228.37 661.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 269.74 661.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.02 661.10 Td (any ) Tj ET Q q 0 0 0 rg BT 296.96 661.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 365.00 661.10 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 640.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 102.51 640.10 Td (we ) Tj ET Q q 0 0 0 rg BT 116.91 640.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 148.52 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.47 640.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 216.19 640.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 253.89 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.41 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.36 640.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 347.63 640.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 392.58 640.10 Td (are ) Tj ET Q q 0 0 0 rg BT 407.52 640.10 Td (reasonable, ) Tj ET Q q 0 0 0 rg BT 455.51 640.10 Td (we ) Tj ET Q q 0 0 0 rg BT 469.91 640.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 499.30 640.10 Td (give ) Tj ET Q q 0 0 0 rg BT 519.25 640.10 Td (assurances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (that ) Tj ET Q q 0 0 0 rg BT 68.37 628.10 Td (those ) Tj ET Q q 0 0 0 rg BT 92.84 628.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 146.20 628.10 Td (will ) Tj ET Q q 0 0 0 rg BT 165.12 628.10 Td (be ) Tj ET Q q 0 0 0 rg BT 177.93 628.10 Td (achieved, ) Tj ET Q q 0 0 0 rg BT 219.33 628.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 236.04 628.10 Td (can ) Tj ET Q q 0 0 0 rg BT 253.28 628.10 Td (we ) Tj ET Q q 0 0 0 rg BT 268.31 628.10 Td (guarantee ) Tj ET Q q 0 0 0 rg BT 310.55 628.10 Td (future ) Tj ET Q q 0 0 0 rg BT 337.79 628.10 Td (results, ) Tj ET Q q 0 0 0 rg BT 369.77 628.10 Td (level ) Tj ET Q q 0 0 0 rg BT 392.58 628.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.28 628.10 Td (activity) Tj ET Q q 0 0 0 rg BT 433.62 628.10 Td (, ) Tj ET Q q 0 0 0 rg BT 439.49 628.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 493.38 628.10 Td (or ) Tj ET Q q 0 0 0 rg BT 505.08 628.10 Td (achievements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (Moreover) Tj ET Q q 0 0 0 rg BT 89.03 616.10 Td (, ) Tj ET Q q 0 0 0 rg BT 94.87 616.10 Td (neither ) Tj ET Q q 0 0 0 rg BT 125.97 616.10 Td (we ) Tj ET Q q 0 0 0 rg BT 140.96 616.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 157.63 616.10 Td (any ) Tj ET Q q 0 0 0 rg BT 175.41 616.10 Td (other ) Tj ET Q q 0 0 0 rg BT 199.29 616.10 Td (person ) Tj ET Q q 0 0 0 rg BT 229.29 616.10 Td (assumes ) Tj ET Q q 0 0 0 rg BT 265.96 616.10 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 323.74 616.10 Td (for ) Tj ET Q q 0 0 0 rg BT 338.74 616.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.29 616.10 Td (accuracy ) Tj ET Q q 0 0 0 rg BT 393.15 616.10 Td (or ) Tj ET Q q 0 0 0 rg BT 404.82 616.10 Td (completeness ) Tj ET Q q 0 0 0 rg BT 462.03 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.69 616.10 Td (any ) Tj ET Q q 0 0 0 rg BT 491.47 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.14 616.10 Td (these ) Tj ET Q q 0 0 0 rg BT 527.02 616.10 Td (forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (looking ) Tj ET Q q 0 0 0 rg BT 83.31 604.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 130.36 604.10 Td (Y) Tj ET Q q 0 0 0 rg BT 136.58 604.10 Td (ou ) Tj ET Q q 0 0 0 rg BT 149.34 604.10 Td (should ) Tj ET Q q 0 0 0 rg BT 178.76 604.10 Td (not ) Tj ET Q q 0 0 0 rg BT 194.29 604.10 Td (rely ) Tj ET Q q 0 0 0 rg BT 212.58 604.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 235.34 604.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 303.63 604.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 348.59 604.10 Td (as ) Tj ET Q q 0 0 0 rg BT 359.67 604.10 Td (predictions ) Tj ET Q q 0 0 0 rg BT 406.85 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.94 604.10 Td (future ) Tj ET Q q 0 0 0 rg BT 444.56 604.10 Td (events. ) Tj ET Q q 0 0 0 rg BT 475.16 604.10 Td (W) Tj ET Q q 0 0 0 rg BT 483.80 604.10 Td (e ) Tj ET Q q 0 0 0 rg BT 490.99 604.10 Td (are ) Tj ET Q q 0 0 0 rg BT 505.95 604.10 Td (under ) Tj ET Q q 0 0 0 rg BT 531.47 604.10 Td (no ) Tj ET Q q 0 0 0 rg BT 544.22 604.10 Td (duty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.21 592.10 Td (update ) Tj ET Q q 0 0 0 rg BT 89.30 592.10 Td (or ) Tj ET Q q 0 0 0 rg BT 100.06 592.10 Td (review ) Tj ET Q q 0 0 0 rg BT 129.70 592.10 Td (any ) Tj ET Q q 0 0 0 rg BT 146.57 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.33 592.10 Td (these ) Tj ET Q q 0 0 0 rg BT 180.31 592.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 248.28 592.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 292.92 592.10 Td (after ) Tj ET Q q 0 0 0 rg BT 313.67 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.32 592.10 Td (date ) Tj ET Q q 0 0 0 rg BT 347.40 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.16 592.10 Td (this ) Tj ET Q q 0 0 0 rg BT 375.04 592.10 Td (filing ) Tj ET Q q 0 0 0 rg BT 399.14 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.35 592.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 445.66 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 461.42 592.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 483.29 592.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 527.93 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.14 592.10 Td (actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (results ) Tj ET Q q 0 0 0 rg BT 78.61 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 89.44 580.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 120.82 580.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 173.30 580.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 208.00 580.10 Td (as ) Tj ET Q q 0 0 0 rg BT 218.83 580.10 Td (a ) Tj ET Q q 0 0 0 rg BT 225.77 580.10 Td (result ) Tj ET Q q 0 0 0 rg BT 250.49 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.32 580.10 Td (new ) Tj ET Q q 0 0 0 rg BT 280.48 580.10 Td (information, ) Tj ET Q q 0 0 0 rg BT 332.69 580.10 Td (future ) Tj ET Q q 0 0 0 rg BT 359.07 580.10 Td (developments ) Tj ET Q q 0 0 0 rg BT 417.11 580.10 Td (or ) Tj ET Q q 0 0 0 rg BT 427.94 580.10 Td (otherwise.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (Item1B.Unr) Tj ET Q q 0 0 0 rg BT 108.70 556.10 Td (esolved Staff Comments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 535.10 Td (There ) Tj ET Q q 0 0 0 rg BT 87.73 535.10 Td (are ) Tj ET Q q 0 0 0 rg BT 102.35 535.10 Td (no ) Tj ET Q q 0 0 0 rg BT 114.76 535.10 Td (unresolved ) Tj ET Q q 0 0 0 rg BT 161.05 535.10 Td (written ) Tj ET Q q 0 0 0 rg BT 191.79 535.10 Td (comments ) Tj ET Q q 0 0 0 rg BT 235.30 535.10 Td (that ) Tj ET Q q 0 0 0 rg BT 252.71 535.10 Td (were ) Tj ET Q q 0 0 0 rg BT 274.55 535.10 Td (received ) Tj ET Q q 0 0 0 rg BT 310.82 535.10 Td (from ) Tj ET Q q 0 0 0 rg BT 332.67 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.30 535.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 368.05 535.10 Td (staf) Tj ET Q q 0 0 0 rg BT 382.31 535.10 Td (f ) Tj ET Q q 0 0 0 rg BT 388.05 535.10 Td (180days ) Tj ET Q q 0 0 0 rg BT 426.30 535.10 Td (or ) Tj ET Q q 0 0 0 rg BT 437.04 535.10 Td (more ) Tj ET Q q 0 0 0 rg BT 460.00 535.10 Td (before ) Tj ET Q q 0 0 0 rg BT 487.95 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.58 535.10 Td (end ) Tj ET Q q 0 0 0 rg BT 519.43 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.17 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.80 535.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 83.04 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.32 523.10 Td (our ) Tj ET Q q 0 0 0 rg BT 109.15 523.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 144.41 523.10 Td (or ) Tj ET Q q 0 0 0 rg BT 155.24 523.10 Td (current ) Tj ET Q q 0 0 0 rg BT 186.06 523.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 216.33 523.10 Td (under ) Tj ET Q q 0 0 0 rg BT 241.60 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.31 523.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 297.69 523.10 Td (Act.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (Item2.Pr) Tj ET Q q 0 0 0 rg BT 95.36 499.10 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 478.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 80.05 478.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 118.09 478.10 Td (of) Tj ET Q q 0 0 0 rg BT 126.24 478.10 Td (fices, ) Tj ET Q q 0 0 0 rg BT 150.12 478.10 Td (all ) Tj ET Q q 0 0 0 rg BT 162.62 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.45 478.10 Td (which ) Tj ET Q q 0 0 0 rg BT 200.38 478.10 Td (are ) Tj ET Q q 0 0 0 rg BT 215.09 478.10 Td (leased, ) Tj ET Q q 0 0 0 rg BT 245.08 478.10 Td (are ) Tj ET Q q 0 0 0 rg BT 259.78 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 270.61 478.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 438.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 438.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 438.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 438.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 438.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 438.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 423.60 249.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 423.60 85.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 423.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 423.60 85.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 423.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 423.60 85.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 398.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 368.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 368.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 368.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 368.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 368.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 368.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 353.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 353.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 353.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 353.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 353.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 477.50 353.60 85.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 338.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 308.60 249.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 308.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 384.50 308.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.50 308.60 85.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 308.60 4.00 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0 rg BT 179.42 535.25 Td (. ) Tj ET Q q 0 0 0 rg BT 183.94 535.25 Td (Costantino ) Tj ET Q q 0 0 0 rg BT 229.28 535.25 Td (served ) Tj ET Q q 0 0 0 rg BT 257.39 535.25 Td (as ) Tj ET Q q 0 0 0 rg BT 267.73 535.25 Td (Co-Head ) Tj ET Q q 0 0 0 rg BT 305.84 535.25 Td (of ) Tj ET Q q 0 0 0 rg BT 316.19 535.25 Td (our ) Tj ET Q q 0 0 0 rg BT 331.08 535.25 Td (Australian ) Tj ET Q q 0 0 0 rg BT 374.75 535.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 413.15 535.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 424.82 535.25 Td (. ) Tj ET Q q 0 0 0 rg BT 429.34 535.25 Td (Costantino ) Tj ET Q q 0 0 0 rg BT 474.68 535.25 Td (joined ) Tj ET Q q 0 0 0 rg BT 501.69 535.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 541.47 535.25 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (than ) Tj ET Q q 0 0 0 rg BT 70.04 523.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 82.87 523.25 Td (years ) Tj ET Q q 0 0 0 rg BT 106.79 523.25 Td (ago ) Tj ET Q q 0 0 0 rg BT 124.05 523.25 Td (in ) Tj ET Q q 0 0 0 rg BT 134.66 523.25 Td 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rg BT 531.42 523.25 Td (He ) Tj ET Q q 0 0 0 rg BT 545.91 523.25 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (spent ) Tj ET Q q 0 0 0 rg BT 73.65 511.25 Td (time ) Tj ET Q q 0 0 0 rg BT 93.97 511.25 Td (in ) Tj ET Q q 0 0 0 rg BT 104.29 511.25 Td (our ) Tj ET Q q 0 0 0 rg BT 120.16 511.25 Td (Chicago ) Tj ET Q q 0 0 0 rg BT 156.03 511.25 Td (of) Tj ET Q q 0 0 0 rg BT 164.18 511.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 181.71 511.25 Td (following ) Tj ET Q q 0 0 0 rg BT 223.14 511.25 Td (its ) Tj ET Q q 0 0 0 rg BT 235.13 511.25 Td (2009 ) Tj ET Q q 0 0 0 rg BT 257.67 511.25 Td (opening, ) Tj ET Q q 0 0 0 rg BT 294.93 511.25 Td (and ) Tj ET Q q 0 0 0 rg BT 311.91 511.25 Td (was ) Tj ET Q q 0 0 0 rg BT 330.01 511.25 Td (involved ) Tj ET Q q 0 0 0 rg BT 367.55 511.25 Td (in ) Tj ET Q q 0 0 0 rg BT 377.87 511.25 Td (our ) Tj ET Q q 0 0 0 rg BT 393.74 511.25 Td (expansion ) Tj ET Q q 0 0 0 rg BT 436.83 511.25 Td (to ) Tj ET Q q 0 0 0 rg BT 447.15 511.25 Td (Brazil ) Tj ET Q q 0 0 0 rg BT 474.13 511.25 Td (two ) Tj ET Q q 0 0 0 rg BT 491.67 511.25 Td (years ) Tj ET Q q 0 0 0 rg BT 515.31 511.25 Td (ago. ) Tj ET Q q 0 0 0 rg BT 534.79 511.25 Td (Before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (joining ) Tj ET Q q 0 0 0 rg BT 80.83 499.25 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 123.60 499.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 135.27 499.25 Td (. ) Tj ET Q q 0 0 0 rg BT 140.27 499.25 Td (Costantino ) Tj ET Q q 0 0 0 rg BT 186.10 499.25 Td (was ) Tj ET Q q 0 0 0 rg BT 204.16 499.25 Td (a ) Tj ET Q q 0 0 0 rg BT 211.09 499.25 Td (mer) Tj ET Q q 0 0 0 rg BT 226.46 499.25 Td (gers ) Tj ET Q q 0 0 0 rg BT 245.62 499.25 Td (and ) Tj ET Q q 0 0 0 rg BT 262.56 499.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 312.83 499.25 Td (lawyer ) Tj ET Q q 0 0 0 rg BT 342.54 499.25 Td (with ) Tj ET Q q 0 0 0 rg BT 362.64 499.25 Td (W) Tj ET Q q 0 0 0 rg BT 371.27 499.25 Td (achtell, ) Tj ET Q q 0 0 0 rg BT 402.92 499.25 Td (Lipton, ) Tj ET Q q 0 0 0 rg BT 434.59 499.25 Td (Rosen ) Tj ET Q q 0 0 0 rg BT 462.09 499.25 Td (& ) Tj ET Q q 0 0 0 rg BT 472.37 499.25 Td (Katz ) Tj ET Q q 0 0 0 rg BT 493.75 499.25 Td (in ) Tj ET Q q 0 0 0 rg BT 504.02 499.25 Td (New ) Tj ET Q q 0 0 0 rg BT 525.03 499.25 Td (Y) Tj ET Q q 0 0 0 rg BT 531.25 499.25 Td (ork.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 478.25 Td (David ) Tj ET Q q 0 0 0 rg BT 88.82 478.25 Td (A. ) Tj ET Q q 0 0 0 rg BT 101.37 478.25 Td (W) Tj ET Q q 0 0 0 rg BT 110.21 478.25 Td (yles, ) Tj ET Q q 0 0 0 rg BT 131.87 478.25 Td (47, ) Tj ET Q q 0 0 0 rg BT 147.42 478.25 Td (has ) Tj ET Q q 0 0 0 rg BT 163.81 478.25 Td (served ) Tj ET Q q 0 0 0 rg BT 192.96 478.25 Td (as ) Tj ET Q q 0 0 0 rg BT 204.34 478.25 Td (President ) Tj ET Q q 0 0 0 rg BT 244.61 478.25 Td (since ) Tj ET Q q 0 0 0 rg BT 268.21 478.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 293.77 478.25 Td (and ) Tj ET Q q 0 0 0 rg BT 311.26 478.25 Td (also ) Tj ET Q q 0 0 0 rg BT 330.42 478.25 Td (is ) Tj ET Q q 0 0 0 rg BT 340.14 478.25 Td (a ) Tj ET Q q 0 0 0 rg BT 347.63 478.25 Td (member ) Tj ET Q q 0 0 0 rg BT 383.45 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.83 478.25 Td (our ) Tj ET Q q 0 0 0 rg BT 411.22 478.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 466.47 478.25 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 516.47 478.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 539.52 478.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.35 478.25 Td (his ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (appointment ) Tj ET Q q 0 0 0 rg BT 102.76 466.25 Td (as ) Tj ET Q q 0 0 0 rg BT 113.86 466.25 Td (President, ) Tj ET Q q 0 0 0 rg BT 156.35 466.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 168.02 466.25 Td (. ) Tj ET Q q 0 0 0 rg BT 173.09 466.25 Td (W) Tj ET Q q 0 0 0 rg BT 181.92 466.25 Td (yles ) Tj ET Q q 0 0 0 rg BT 200.80 466.25 Td (served ) Tj ET Q q 0 0 0 rg BT 229.67 466.25 Td (as ) Tj ET Q q 0 0 0 rg BT 240.77 466.25 Td (Co-Head ) Tj ET Q q 0 0 0 rg BT 279.64 466.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.74 466.25 Td (our ) Tj ET Q q 0 0 0 rg BT 306.84 466.25 Td (European ) Tj ET Q q 0 0 0 rg BT 347.93 466.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 387.09 466.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 398.76 466.25 Td (. ) Tj ET Q q 0 0 0 rg BT 403.83 466.25 Td (W) Tj ET Q q 0 0 0 rg BT 412.67 466.25 Td (yles ) Tj ET Q q 0 0 0 rg BT 431.54 466.25 Td (joined ) Tj ET Q q 0 0 0 rg BT 459.31 466.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 499.84 466.25 Td (18 ) Tj ET Q q 0 0 0 rg BT 512.61 466.25 Td (years ) Tj ET Q q 0 0 0 rg BT 536.48 466.25 Td (ago ) Tj ET Q q 0 0 0 rg BT 553.69 466.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (part ) Tj ET Q q 0 0 0 rg BT 67.92 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 78.62 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 93.21 454.25 Td (original ) Tj ET Q q 0 0 0 rg BT 126.69 454.25 Td (team ) Tj ET Q q 0 0 0 rg BT 148.49 454.25 Td (from ) Tj ET Q q 0 0 0 rg BT 170.30 454.25 Td (Baring ) Tj ET Q q 0 0 0 rg BT 199.89 454.25 Td (Brothers ) Tj ET Q q 0 0 0 rg BT 236.70 454.25 Td (that ) Tj ET Q q 0 0 0 rg BT 254.07 454.25 Td (founded ) Tj ET Q q 0 0 0 rg BT 289.21 454.25 Td (our ) Tj ET Q q 0 0 0 rg BT 304.91 454.25 Td (London ) Tj ET Q q 0 0 0 rg BT 338.39 454.25 Td (of) Tj ET Q q 0 0 0 rg BT 346.54 454.25 Td (fice, ) Tj ET Q q 0 0 0 rg BT 366.40 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 383.21 454.25 Td (was ) Tj ET Q q 0 0 0 rg BT 401.13 454.25 Td (involved ) Tj ET Q q 0 0 0 rg BT 438.50 454.25 Td (in ) Tj ET Q q 0 0 0 rg BT 448.65 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.24 454.25 Td (opening ) Tj ET Q q 0 0 0 rg BT 497.83 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.53 454.25 Td (our ) Tj ET Q q 0 0 0 rg BT 524.23 454.25 Td (Frankfurt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 442.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 76.14 442.25 Td (two ) Tj ET Q q 0 0 0 rg BT 94.15 442.25 Td (years ) Tj ET Q q 0 0 0 rg BT 118.26 442.25 Td (later) Tj ET Q q 0 0 0 rg BT 135.47 442.25 Td (. ) Tj ET Q q 0 0 0 rg BT 140.98 442.25 Td (He ) Tj ET Q q 0 0 0 rg BT 155.65 442.25 Td (is ) Tj ET Q q 0 0 0 rg BT 165.33 442.25 Td (one ) Tj ET Q q 0 0 0 rg BT 182.78 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.12 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.34 442.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 241.79 442.25 Td (M&A) Tj ET Q q 0 0 0 rg BT 265.13 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.14 442.25 Td (advisors ) Tj ET Q q 0 0 0 rg BT 304.48 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 315.26 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.49 442.25 Td (UK ) Tj ET Q q 0 0 0 rg BT 347.94 442.25 Td (market, ) Tj ET Q q 0 0 0 rg BT 381.21 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.66 442.25 Td (has ) Tj ET Q q 0 0 0 rg BT 415.00 442.25 Td (also ) Tj ET Q q 0 0 0 rg BT 434.12 442.25 Td (led ) Tj ET Q q 0 0 0 rg BT 449.35 442.25 Td (numerous ) Tj ET Q q 0 0 0 rg BT 491.79 442.25 Td (major ) Tj ET Q q 0 0 0 rg BT 518.13 442.25 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (assignments ) Tj ET Q q 0 0 0 rg BT 101.39 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 111.67 430.25 Td (Continental ) Tj ET Q q 0 0 0 rg BT 160.83 430.25 Td (Europe ) Tj ET Q q 0 0 0 rg BT 192.20 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 209.14 430.25 Td (globally) Tj ET Q q 0 0 0 rg BT 241.26 430.25 Td (, ) Tj ET Q q 0 0 0 rg BT 246.26 430.25 Td (including ) Tj ET Q q 0 0 0 rg BT 286.54 430.25 Td (most ) Tj ET Q q 0 0 0 rg BT 308.49 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.32 430.25 Td (our ) Tj ET Q q 0 0 0 rg BT 335.15 430.25 Td (assignments ) Tj ET Q q 0 0 0 rg BT 386.53 430.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 427.37 430.25 Td (China.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 409.25 Td (Christopher ) Tj ET Q q 0 0 0 rg BT 111.23 409.25 Td (T) Tj ET Q q 0 0 0 rg BT 116.60 409.25 Td (. ) Tj ET Q q 0 0 0 rg BT 121.27 409.25 Td (Grubb, ) Tj ET Q q 0 0 0 rg BT 151.50 409.25 Td (36, ) Tj ET Q q 0 0 0 rg BT 166.17 409.25 Td (has ) Tj ET Q q 0 0 0 rg BT 181.68 409.25 Td (served ) Tj ET Q q 0 0 0 rg BT 209.95 409.25 Td (as ) Tj ET Q q 0 0 0 rg BT 220.46 409.25 Td (our ) Tj ET Q q 0 0 0 rg BT 235.96 409.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 260.35 409.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 299.74 409.25 Td (Of) Tj ET Q q 0 0 0 rg BT 310.11 409.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 330.60 409.25 Td (since ) Tj ET Q q 0 0 0 rg BT 353.32 409.25 Td (May ) Tj ET Q q 0 0 0 rg BT 373.82 409.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 398.50 409.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.11 409.25 Td (also ) Tj ET Q q 0 0 0 rg BT 433.39 409.25 Td (is ) Tj ET Q q 0 0 0 rg BT 442.24 409.25 Td (a ) Tj ET Q q 0 0 0 rg BT 448.85 409.25 Td (member ) Tj ET Q q 0 0 0 rg BT 483.79 409.25 Td (of ) Tj ET Q q 0 0 0 rg BT 494.29 409.25 Td (our ) Tj ET Q q 0 0 0 rg BT 509.80 409.25 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 98.94 397.25 Td ( ) Tj ET Q q 0 0 0 rg BT 100.95 397.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 112.62 397.25 Td (. ) Tj ET Q q 0 0 0 rg BT 117.12 397.25 Td (Grubb ) Tj ET Q q 0 0 0 rg BT 144.67 397.25 Td (also ) Tj ET Q q 0 0 0 rg BT 162.79 397.25 Td (serves ) Tj ET Q q 0 0 0 rg BT 189.78 397.25 Td (as ) Tj ET Q q 0 0 0 rg BT 200.11 397.25 Td (Co-Head ) Tj ET Q q 0 0 0 rg BT 238.21 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.55 397.25 Td (our ) Tj ET Q q 0 0 0 rg BT 263.88 397.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 283.67 397.25 Td (M&A) Tj ET Q q 0 0 0 rg BT 307.01 397.25 Td ( ) Tj ET Q q 0 0 0 rg BT 309.01 397.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 347.41 397.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 359.08 397.25 Td (. ) Tj ET Q q 0 0 0 rg BT 363.58 397.25 Td (Grubb ) Tj ET Q q 0 0 0 rg BT 391.14 397.25 Td (joined ) Tj ET Q q 0 0 0 rg BT 418.13 397.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 457.90 397.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.68 397.25 Td (2006 ) Tj ET Q q 0 0 0 rg BT 489.69 397.25 Td (and ) Tj ET Q q 0 0 0 rg BT 506.13 397.25 Td (was ) Tj ET Q q 0 0 0 rg BT 523.68 397.25 Td (promoted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.64 385.25 Td (Managing ) Tj ET Q q 0 0 0 rg BT 104.04 385.25 Td (Director ) Tj ET Q q 0 0 0 rg BT 140.21 385.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.85 385.25 Td (January ) Tj ET Q q 0 0 0 rg BT 184.81 385.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 210.17 385.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 233.02 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 243.66 385.25 Td (joining ) Tj ET Q q 0 0 0 rg BT 274.85 385.25 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 317.97 385.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 329.64 385.25 Td (. ) Tj ET Q q 0 0 0 rg BT 335.00 385.25 Td (Grubb ) Tj ET Q q 0 0 0 rg BT 363.41 385.25 Td (worked ) Tj ET Q q 0 0 0 rg BT 396.26 385.25 Td (in ) Tj ET Q q 0 0 0 rg BT 406.90 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.97 385.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 468.71 385.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 503.78 385.25 Td (group ) Tj ET Q q 0 0 0 rg BT 529.97 385.25 Td (at ) Tj ET Q q 0 0 0 rg BT 540.05 385.25 Td (UBS. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 373.25 Td (. ) Tj ET Q q 0 0 0 rg BT 66.65 373.25 Td (Grubb ) Tj ET Q q 0 0 0 rg BT 94.69 373.25 Td (advises ) Tj ET Q q 0 0 0 rg BT 126.61 373.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 155.19 373.25 Td (on ) Tj ET Q q 0 0 0 rg BT 167.67 373.25 Td (a ) Tj ET Q q 0 0 0 rg BT 174.59 373.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 204.84 373.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.65 373.25 Td (M&A) Tj ET Q q 0 0 0 rg BT 238.99 373.25 Td ( ) Tj ET Q q 0 0 0 rg BT 241.47 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.39 373.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 311.97 373.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 362.21 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.14 373.25 Td (also ) Tj ET Q q 0 0 0 rg BT 397.73 373.25 Td (is ) Tj ET Q q 0 0 0 rg BT 406.88 373.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 454.91 373.25 Td (for ) Tj ET Q q 0 0 0 rg BT 469.05 373.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 503.75 373.25 Td (relations ) Tj ET Q q 0 0 0 rg BT 540.66 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 557.58 373.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 80.26 361.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.09 361.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 150.80 361.25 Td (roles ) Tj ET Q q 0 0 0 rg BT 172.74 361.25 Td (at ) Tj ET Q q 0 0 0 rg BT 182.46 361.25 Td (Greenhill. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 340.25 Td (Patricia ) Tj ET Q q 0 0 0 rg BT 93.85 340.25 Td (Moran, ) Tj ET Q q 0 0 0 rg BT 124.31 340.25 Td (56, ) Tj ET Q q 0 0 0 rg BT 138.12 340.25 Td (has ) Tj ET Q q 0 0 0 rg BT 152.75 340.25 Td (served ) Tj ET Q q 0 0 0 rg BT 180.16 340.25 Td (as ) Tj ET Q q 0 0 0 rg BT 189.79 340.25 Td (our ) Tj ET Q q 0 0 0 rg BT 204.43 340.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 227.95 340.25 Td (Legal ) Tj ET Q q 0 0 0 rg BT 252.02 340.25 Td (Of) Tj ET Q q 0 0 0 rg BT 262.39 340.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 282.01 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 297.75 340.25 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 336.81 340.25 Td (since ) Tj ET Q q 0 0 0 rg BT 358.38 340.25 Td (April ) Tj ET Q q 0 0 0 rg BT 380.79 340.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 404.60 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 420.34 340.25 Td (also ) Tj ET Q q 0 0 0 rg BT 437.75 340.25 Td (is ) Tj ET Q q 0 0 0 rg BT 445.73 340.25 Td (a ) Tj ET Q q 0 0 0 rg BT 451.47 340.25 Td (member ) Tj ET Q q 0 0 0 rg BT 485.54 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.18 340.25 Td (our ) Tj ET Q q 0 0 0 rg BT 509.81 340.25 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 99.94 328.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 122.93 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 133.71 328.25 Td (joining ) Tj ET Q q 0 0 0 rg BT 165.04 328.25 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 208.31 328.25 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 226.59 328.25 Td (Moran ) Tj ET Q q 0 0 0 rg BT 256.25 328.25 Td (was ) Tj ET Q q 0 0 0 rg BT 274.79 328.25 Td (a ) Tj ET Q q 0 0 0 rg BT 282.23 328.25 Td (partner ) Tj ET Q q 0 0 0 rg BT 313.54 328.25 Td (in ) Tj ET Q q 0 0 0 rg BT 324.32 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 339.54 328.25 Td (law ) Tj ET Q q 0 0 0 rg BT 356.97 328.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 377.19 328.25 Td (Skadden, ) Tj ET Q q 0 0 0 rg BT 416.46 328.25 Td (Arps, ) Tj ET Q q 0 0 0 rg BT 441.40 328.25 Td (Slate, ) Tj ET Q q 0 0 0 rg BT 466.90 328.25 Td (Meagher ) Tj ET Q q 0 0 0 rg BT 505.43 328.25 Td (& ) Tj ET Q q 0 0 0 rg BT 516.21 328.25 Td (Flom, ) Tj ET Q q 0 0 0 rg BT 542.82 328.25 Td (LLP) Tj ET Q q 0 0 0 rg BT 559.49 328.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (where ) Tj ET Q q 0 0 0 rg BT 76.08 316.25 Td (she ) Tj ET Q q 0 0 0 rg BT 91.06 316.25 Td (began ) Tj ET Q q 0 0 0 rg BT 116.58 316.25 Td (her ) Tj ET Q q 0 0 0 rg BT 131.00 316.25 Td (career ) Tj ET Q q 0 0 0 rg BT 157.07 316.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 168.71 316.25 Td (years ) Tj ET Q q 0 0 0 rg BT 191.46 316.25 Td (ago, ) Tj ET Q q 0 0 0 rg BT 210.05 316.25 Td (focusing ) Tj ET Q q 0 0 0 rg BT 246.14 316.25 Td (on ) Tj ET Q q 0 0 0 rg BT 257.79 316.25 Td (mer) Tj ET Q q 0 0 0 rg BT 273.15 316.25 Td (gers ) Tj ET Q q 0 0 0 rg BT 291.46 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 307.55 316.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 359.47 316.25 Td (private ) Tj ET Q q 0 0 0 rg BT 388.89 316.25 Td (equity) Tj ET Q q 0 0 0 rg BT 413.23 316.25 Td (, ) Tj ET Q q 0 0 0 rg BT 417.38 316.25 Td (restructurings, ) Tj ET Q q 0 0 0 rg BT 476.52 316.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 515.92 316.25 Td (governance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 304.25 Td (general ) Tj ET Q q 0 0 0 rg BT 98.86 304.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 139.12 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.05 304.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 196.32 304.25 Td (law ) Tj ET Q q 0 0 0 rg BT 213.26 304.25 Td (matters. ) Tj ET Q q 0 0 0 rg BT 247.69 304.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 283.25 Td (Harold ) Tj ET Q q 0 0 0 rg BT 92.88 283.25 Td (J. ) Tj ET Q q 0 0 0 rg BT 102.39 283.25 Td (Rodriguez,Jr) Tj ET Q q 0 0 0 rg BT 155.71 283.25 Td (., ) Tj ET Q q 0 0 0 rg BT 163.83 283.25 Td (60, ) Tj ET Q q 0 0 0 rg BT 179.44 283.25 Td (has ) Tj ET Q q 0 0 0 rg BT 195.89 283.25 Td (served ) Tj ET Q q 0 0 0 rg BT 225.10 283.25 Td (as ) Tj ET Q q 0 0 0 rg BT 236.54 283.25 Td (our ) Tj ET Q q 0 0 0 rg BT 252.99 283.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 278.32 283.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 321.42 283.25 Td (Of) Tj ET Q q 0 0 0 rg BT 331.79 283.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 353.22 283.25 Td (since ) Tj ET Q q 0 0 0 rg BT 376.88 283.25 Td (January ) Tj ET Q q 0 0 0 rg BT 411.09 283.25 Td (2012, ) Tj ET Q q 0 0 0 rg BT 436.71 283.25 Td (served ) Tj ET Q q 0 0 0 rg BT 465.92 283.25 Td (as ) Tj ET Q q 0 0 0 rg BT 477.37 283.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 502.01 283.25 Td (Administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.25 Td (Of) Tj ET Q q 0 0 0 rg BT 60.37 271.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 81.49 271.25 Td (from ) Tj ET Q q 0 0 0 rg BT 103.73 271.25 Td (March ) Tj ET Q q 0 0 0 rg BT 132.62 271.25 Td (2008 ) Tj ET Q q 0 0 0 rg BT 155.42 271.25 Td (until ) Tj ET Q q 0 0 0 rg BT 176.56 271.25 Td (January ) Tj ET Q q 0 0 0 rg BT 210.46 271.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 233.26 271.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.50 271.25 Td (was ) Tj ET Q q 0 0 0 rg BT 268.85 271.25 Td (Managing ) Tj ET Q q 0 0 0 rg BT 312.20 271.25 Td (Director ) Tj ET Q q 0 0 0 rg BT 348.31 271.25 Td ( ) Tj ET Q q 0 0 0 rg BT 361.11 271.25 Td (Finance, ) Tj ET Q q 0 0 0 rg BT 398.07 271.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 444.75 271.25 Td (and ) Tj ET Q q 0 0 0 rg BT 461.99 271.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 508.67 271.25 Td (from ) Tj ET Q q 0 0 0 rg BT 530.91 271.25 Td (January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.25 Td (2004 ) Tj ET Q q 0 0 0 rg BT 71.59 259.25 Td (to ) Tj ET Q q 0 0 0 rg BT 80.96 259.25 Td (March ) Tj ET Q q 0 0 0 rg BT 108.65 259.25 Td (2008. ) Tj ET Q q 0 0 0 rg BT 132.73 259.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 144.40 259.25 Td (. ) Tj ET Q q 0 0 0 rg BT 148.49 259.25 Td (Rodriguez ) Tj ET Q q 0 0 0 rg BT 191.74 259.25 Td (also ) Tj ET Q q 0 0 0 rg BT 209.44 259.25 Td (serves ) Tj ET Q q 0 0 0 rg BT 236.02 259.25 Td (as ) Tj ET Q q 0 0 0 rg BT 245.94 259.25 Td (our ) Tj ET Q q 0 0 0 rg BT 260.85 259.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 284.66 259.25 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 334.57 259.25 Td (Of) Tj ET Q q 0 0 0 rg BT 344.94 259.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 364.85 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.76 259.25 Td (T) Tj ET Q q 0 0 0 rg BT 386.52 259.25 Td (reasurer ) Tj ET Q q 0 0 0 rg BT 420.30 259.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.33 259.25 Td (is ) Tj ET Q q 0 0 0 rg BT 444.59 259.25 Td (a ) Tj ET Q q 0 0 0 rg BT 450.62 259.25 Td (member ) Tj ET Q q 0 0 0 rg BT 484.97 259.25 Td (of ) Tj ET Q q 0 0 0 rg BT 494.89 259.25 Td (our ) Tj ET Q q 0 0 0 rg BT 509.81 259.25 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.25 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 99.27 247.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 110.94 247.25 Td (. ) Tj ET Q q 0 0 0 rg BT 115.77 247.25 Td (Rodriguez ) Tj ET Q q 0 0 0 rg BT 159.76 247.25 Td (is ) Tj ET Q q 0 0 0 rg BT 168.76 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.31 247.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 207.86 247.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 247.40 247.25 Td (Of) Tj ET Q q 0 0 0 rg BT 257.77 247.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 278.42 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.08 247.25 Td (Greenhill) Tj ET Q q 0 0 0 rg BT 329.62 247.25 Td (s ) Tj ET Q q 0 0 0 rg BT 335.84 247.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 375.94 247.25 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 425.49 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.26 247.25 Td (from ) Tj ET Q q 0 0 0 rg BT 464.03 247.25 Td (November ) Tj ET Q q 0 0 0 rg BT 508.57 247.25 Td (2000 ) Tj ET Q q 0 0 0 rg BT 530.90 247.25 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.25 Td (December ) Tj ET Q q 0 0 0 rg BT 93.79 235.25 Td (2003 ) Tj ET Q q 0 0 0 rg BT 116.49 235.25 Td (was ) Tj ET Q q 0 0 0 rg BT 134.74 235.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 159.66 235.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 199.58 235.25 Td (Of) Tj ET Q q 0 0 0 rg BT 209.95 235.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 230.97 235.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.00 235.25 Td (Greenhill. ) Tj ET Q q 0 0 0 rg BT 284.97 235.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 296.64 235.25 Td (. ) Tj ET Q q 0 0 0 rg BT 301.84 235.25 Td (Rodriguez ) Tj ET Q q 0 0 0 rg BT 346.20 235.25 Td (has ) Tj ET Q q 0 0 0 rg BT 362.23 235.25 Td (served ) Tj ET Q q 0 0 0 rg BT 391.03 235.25 Td (as ) Tj ET Q q 0 0 0 rg BT 402.06 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.98 235.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 441.90 235.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 481.82 235.25 Td (Of) Tj ET Q q 0 0 0 rg BT 492.19 235.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 513.21 235.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.24 235.25 Td (Greenhill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.25 Td (Capital ) Tj ET Q q 0 0 0 rg BT 80.83 223.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 115.54 223.25 Td (LLC ) Tj ET Q q 0 0 0 rg BT 136.38 223.25 Td (since ) Tj ET Q q 0 0 0 rg BT 158.87 223.25 Td (he ) Tj ET Q q 0 0 0 rg BT 170.26 223.25 Td (joined ) Tj ET Q q 0 0 0 rg BT 197.20 223.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 236.91 223.25 Td (in ) Tj ET Q q 0 0 0 rg BT 246.64 223.25 Td (June ) Tj ET Q q 0 0 0 rg BT 266.92 223.25 Td (2000. ) Tj ET Q q 0 0 0 rg BT 291.36 223.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 303.03 223.25 Td (. ) Tj ET Q q 0 0 0 rg BT 307.48 223.25 Td (Rodriguez ) Tj ET Q q 0 0 0 rg BT 351.08 223.25 Td (served ) Tj ET Q q 0 0 0 rg BT 379.13 223.25 Td (as ) Tj ET Q q 0 0 0 rg BT 389.41 223.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 413.57 223.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 452.73 223.25 Td (Of) Tj ET Q q 0 0 0 rg BT 463.10 223.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 483.36 223.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.64 223.25 Td (GHL) Tj ET Q q 0 0 0 rg BT 513.82 223.25 Td ( ) Tj ET Q q 0 0 0 rg BT 515.34 223.25 Td (Acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.25 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 75.96 211.25 Td (from ) Tj ET Q q 0 0 0 rg BT 98.86 211.25 Td (2008 ) Tj ET Q q 0 0 0 rg BT 122.31 211.25 Td (to ) Tj ET Q q 0 0 0 rg BT 133.55 211.25 Td (2009. ) Tj ET Q q 0 0 0 rg BT 159.51 211.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 182.97 211.25 Td (to ) Tj ET Q q 0 0 0 rg BT 194.20 211.25 Td (joining ) Tj ET Q q 0 0 0 rg BT 226.00 211.25 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 269.72 211.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 281.39 211.25 Td (. ) Tj ET Q q 0 0 0 rg BT 287.35 211.25 Td (Rodriguez ) Tj ET Q q 0 0 0 rg BT 332.46 211.25 Td (was ) Tj ET Q q 0 0 0 rg BT 351.22 211.25 Td (V) Tj ET Q q 0 0 0 rg BT 357.84 211.25 Td (ice ) Tj ET Q q 0 0 0 rg BT 372.96 211.25 Td (President ) Tj ET Q q 0 0 0 rg BT 413.63 211.25 Td ( ) Tj ET Q q 0 0 0 rg BT 427.09 211.25 Td (Finance ) Tj ET Q q 0 0 0 rg BT 462.21 211.25 Td (and ) Tj ET Q q 0 0 0 rg BT 480.10 211.25 Td (Controller ) Tj ET Q q 0 0 0 rg BT 524.66 211.25 Td (of ) Tj ET Q q 0 0 0 rg BT 536.45 211.25 Td (Silgan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.25 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 91.42 199.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 111.45 199.25 Td (a ) Tj ET Q q 0 0 0 rg BT 118.14 199.25 Td (major ) Tj ET Q q 0 0 0 rg BT 143.72 199.25 Td (consumer ) Tj ET Q q 0 0 0 rg BT 184.85 199.25 Td (packaging ) Tj ET Q q 0 0 0 rg BT 228.19 199.25 Td (goods ) Tj ET Q q 0 0 0 rg BT 254.34 199.25 Td (manufacturer) Tj ET Q q 0 0 0 rg BT 307.24 199.25 Td (, ) Tj ET Q q 0 0 0 rg BT 311.99 199.25 Td (from ) Tj ET Q q 0 0 0 rg BT 333.68 199.25 Td (1987 ) Tj ET Q q 0 0 0 rg BT 355.94 199.25 Td (to ) Tj ET Q q 0 0 0 rg BT 365.97 199.25 Td (2000. ) Tj ET Q q 0 0 0 rg BT 390.72 199.25 Td (From ) Tj ET Q q 0 0 0 rg BT 414.65 199.25 Td (1978 ) Tj ET Q q 0 0 0 rg BT 436.90 199.25 Td (to ) Tj ET Q q 0 0 0 rg BT 446.93 199.25 Td (1987, ) Tj ET Q q 0 0 0 rg BT 471.68 199.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 483.35 199.25 Td (. ) Tj ET Q q 0 0 0 rg BT 488.11 199.25 Td (Rodriguez ) Tj ET Q q 0 0 0 rg BT 532.02 199.25 Td (worked ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.25 Td (at ) Tj ET Q q 0 0 0 rg BT 59.72 187.25 Td (Ernst ) Tj ET Q q 0 0 0 rg BT 83.33 187.25 Td (& ) Tj ET Q q 0 0 0 rg BT 93.23 187.25 Td (Y) Tj ET Q q 0 0 0 rg BT 99.45 187.25 Td (oung, ) Tj ET Q q 0 0 0 rg BT 124.45 187.25 Td (where ) Tj ET Q q 0 0 0 rg BT 151.38 187.25 Td (he ) Tj ET Q q 0 0 0 rg BT 163.32 187.25 Td (was ) Tj ET Q q 0 0 0 rg BT 181.37 187.25 Td (a ) Tj ET Q q 0 0 0 rg BT 188.31 187.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 215.25 187.25 Td (manager ) Tj ET Q q 0 0 0 rg BT 252.17 187.25 Td (specializing ) Tj ET Q q 0 0 0 rg BT 302.43 187.25 Td (in ) Tj ET Q q 0 0 0 rg BT 312.71 187.25 Td (taxation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 166.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 79.53 166.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 105.94 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.24 166.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 155.42 166.25 Td (has ) Tj ET Q q 0 0 0 rg BT 170.73 166.25 Td (six ) Tj ET Q q 0 0 0 rg BT 184.37 166.25 Td (members, ) Tj ET Q q 0 0 0 rg BT 225.50 166.25 Td (two ) Tj ET Q q 0 0 0 rg BT 242.48 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.78 166.25 Td (whom ) Tj ET Q q 0 0 0 rg BT 279.75 166.25 Td (are ) Tj ET Q q 0 0 0 rg BT 293.94 166.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 338.67 166.25 Td (\(Robert ) Tj ET Q q 0 0 0 rg BT 371.19 166.25 Td (F) Tj ET Q q 0 0 0 rg BT 375.95 166.25 Td (. ) Tj ET Q q 0 0 0 rg BT 380.43 166.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 420.17 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 436.58 166.25 Td (Scott ) Tj ET Q q 0 0 0 rg BT 459.11 166.25 Td (L. ) Tj ET Q q 0 0 0 rg BT 469.69 166.25 Td (Bok\) ) Tj ET Q q 0 0 0 rg BT 491.67 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 508.08 166.25 Td (four ) Tj ET Q q 0 0 0 rg BT 526.71 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 537.02 166.25 Td (whom ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.64 154.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 115.95 154.25 Td (\(Robert ) Tj ET Q q 0 0 0 rg BT 148.76 154.25 Td (T) Tj ET Q q 0 0 0 rg BT 154.13 154.25 Td (. ) Tj ET Q q 0 0 0 rg BT 159.06 154.25 Td (Blakely) Tj ET Q q 0 0 0 rg BT 189.52 154.25 Td (, ) Tj ET Q q 0 0 0 rg BT 194.45 154.25 Td (Steven ) Tj ET Q q 0 0 0 rg BT 224.11 154.25 Td (F) Tj ET Q q 0 0 0 rg BT 228.87 154.25 Td (. ) Tj ET Q q 0 0 0 rg BT 233.80 154.25 Td (Goldstone, ) Tj ET Q q 0 0 0 rg BT 279.85 154.25 Td (Stephen ) Tj ET Q q 0 0 0 rg BT 314.50 154.25 Td (L. ) Tj ET Q q 0 0 0 rg BT 325.55 154.25 Td (Key ) Tj ET Q q 0 0 0 rg BT 344.64 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 361.52 154.25 Td (Karen ) Tj ET Q q 0 0 0 rg BT 388.38 154.25 Td (P) Tj ET Q q 0 0 0 rg BT 392.84 154.25 Td (. ) Tj ET Q q 0 0 0 rg BT 397.77 154.25 Td (Robards\). ) Tj ET Q q 0 0 0 rg BT 439.37 154.25 Td ( ) Tj ET Q q 0 0 0 rg BT 441.81 154.25 Td (In ) Tj ET Q q 0 0 0 rg BT 452.57 154.25 Td (January ) Tj ET Q q 0 0 0 rg BT 486.11 154.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 511.04 154.25 Td (our ) Tj ET Q q 0 0 0 rg BT 526.81 154.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 553.69 154.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 91.19 142.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 131.26 142.25 Td (our ) Tj ET Q q 0 0 0 rg BT 148.57 142.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 192.53 142.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 244.82 142.25 Td (Guidelines ) Tj ET Q q 0 0 0 rg BT 292.12 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 303.88 142.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 338.40 142.25 Td (for ) Tj ET Q q 0 0 0 rg BT 354.04 142.25 Td (a ) Tj ET Q q 0 0 0 rg BT 362.46 142.25 Td (Lead ) Tj ET Q q 0 0 0 rg BT 390.86 142.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 444.27 142.25 Td (Director ) Tj ET Q q 0 0 0 rg BT 486.00 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.42 142.25 Td (appointed ) Tj ET Q q 0 0 0 rg BT 547.83 142.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 559.50 142.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.25 Td (Goldstone ) Tj ET Q q 0 0 0 rg BT 93.54 130.25 Td (to ) Tj ET Q q 0 0 0 rg BT 103.75 130.25 Td (this ) Tj ET Q q 0 0 0 rg BT 120.63 130.25 Td (role. ) Tj ET Q q 0 0 0 rg BT 141.11 130.25 Td ( ) Tj ET Q q 0 0 0 rg BT 143.00 130.25 Td (A) Tj ET Q q 0 0 0 rg BT 149.67 130.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.10 130.25 Td (brief ) Tj ET Q q 0 0 0 rg BT 173.41 130.25 Td (biography ) Tj ET Q q 0 0 0 rg BT 216.39 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.15 130.25 Td (each ) Tj ET Q q 0 0 0 rg BT 247.90 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.66 130.25 Td (Messrs.Greenhill, ) Tj ET Q q 0 0 0 rg BT 334.69 130.25 Td (Blakely) Tj ET Q q 0 0 0 rg BT 365.15 130.25 Td (, ) Tj ET Q q 0 0 0 rg BT 370.08 130.25 Td (Goldstone ) Tj ET Q q 0 0 0 rg BT 413.62 130.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.49 130.25 Td (Key ) Tj ET Q q 0 0 0 rg BT 449.58 130.25 Td (and ) Tj ET Q q 0 0 0 rg BT 466.45 130.25 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 484.17 130.25 Td (Robards ) Tj ET Q q 0 0 0 rg BT 519.93 130.25 Td (is ) Tj ET Q q 0 0 0 rg BT 529.03 130.25 Td (set ) Tj ET Q q 0 0 0 rg BT 542.57 130.25 Td (forth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (below) Tj ET Q q 0 0 0 rg BT 73.79 118.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 97.25 Td (Robert ) Tj ET Q q 0 0 0 rg BT 91.18 97.25 Td (F) Tj ET Q q 0 0 0 rg BT 95.94 97.25 Td (. ) Tj ET Q q 0 0 0 rg BT 100.41 97.25 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 142.64 97.25 Td (79, ) Tj ET Q q 0 0 0 rg BT 157.11 97.25 Td (our ) Tj ET Q q 0 0 0 rg BT 172.41 97.25 Td (founder) Tj ET Q q 0 0 0 rg BT 203.10 97.25 Td (, ) Tj ET Q q 0 0 0 rg BT 207.57 97.25 Td (has ) Tj ET Q q 0 0 0 rg BT 222.87 97.25 Td (served ) Tj ET Q q 0 0 0 rg BT 250.93 97.25 Td (as ) Tj ET Q q 0 0 0 rg BT 261.23 97.25 Td (our ) Tj ET Q q 0 0 0 rg BT 276.53 97.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 317.93 97.25 Td (since ) Tj ET Q q 0 0 0 rg BT 340.44 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.62 97.25 Td (time ) Tj ET Q q 0 0 0 rg BT 374.36 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.66 97.25 Td (our ) Tj ET Q q 0 0 0 rg BT 399.96 97.25 Td (founding ) Tj ET Q q 0 0 0 rg BT 438.03 97.25 Td (in ) Tj ET Q q 0 0 0 rg BT 447.78 97.25 Td (1996 ) Tj ET Q q 0 0 0 rg BT 469.75 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 486.15 97.25 Td (served ) Tj ET Q q 0 0 0 rg BT 514.22 97.25 Td (as ) Tj ET Q q 0 0 0 rg BT 524.51 97.25 Td (our ) Tj ET Q q 0 0 0 rg BT 539.81 97.25 Td (Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 91.56 85.25 Td (Of) Tj ET Q q 0 0 0 rg BT 101.93 85.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 121.83 85.25 Td (between ) Tj ET Q q 0 0 0 rg BT 156.73 85.25 Td (1996 ) Tj ET Q q 0 0 0 rg BT 178.31 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.33 85.25 Td (October ) Tj ET Q q 0 0 0 rg BT 228.11 85.25 Td (2007. ) Tj ET Q q 0 0 0 rg BT 252.20 85.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 263.87 85.25 Td (. ) Tj ET Q q 0 0 0 rg BT 267.95 85.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 307.29 85.25 Td (was ) Tj ET Q q 0 0 0 rg BT 324.42 85.25 Td (a ) Tj ET Q q 0 0 0 rg BT 330.44 85.25 Td (member ) Tj ET Q q 0 0 0 rg BT 364.79 85.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.70 85.25 Td (our ) Tj ET Q q 0 0 0 rg BT 389.61 85.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 443.39 85.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 489.41 85.25 Td (since ) Tj ET Q q 0 0 0 rg BT 511.54 85.25 Td (its ) Tj ET Q q 0 0 0 rg BT 522.57 85.25 Td (formation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.02 73.25 Td (January ) Tj ET Q q 0 0 0 rg BT 93.37 73.25 Td (2004 ) Tj ET Q q 0 0 0 rg BT 115.61 73.25 Td (until ) Tj ET Q q 0 0 0 rg BT 136.19 73.25 Td (October ) Tj ET Q q 0 0 0 rg BT 170.64 73.25 Td (2007. ) Tj ET Q q 0 0 0 rg BT 195.39 73.25 Td (In ) Tj ET Q q 0 0 0 rg BT 205.96 73.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 243.48 73.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 255.15 73.25 Td (. ) Tj ET Q q 0 0 0 rg BT 259.90 73.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 299.91 73.25 Td (has ) Tj ET Q q 0 0 0 rg BT 315.48 73.25 Td (been ) Tj ET Q q 0 0 0 rg BT 336.60 73.25 Td (a ) Tj ET Q q 0 0 0 rg BT 343.29 73.25 Td (director ) Tj ET Q q 0 0 0 rg BT 376.63 73.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.20 73.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 427.21 73.25 Td (& ) Tj ET Q q 0 0 0 rg BT 437.23 73.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 456.15 73.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 473.66 73.25 Td (since ) Tj ET Q q 0 0 0 rg BT 496.46 73.25 Td (its ) Tj ET Q q 0 0 0 rg BT 508.15 73.25 Td (incorporation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.87 61.25 Td (March ) Tj ET Q q 0 0 0 rg BT 88.05 61.25 Td (2004. ) Tj ET Q q 0 0 0 rg BT 112.64 61.25 Td (Prior ) Tj ET Q q 0 0 0 rg BT 134.73 61.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.60 61.25 Td (founding ) Tj ET Q q 0 0 0 rg BT 182.80 61.25 Td (and ) Tj ET Q q 0 0 0 rg BT 199.32 61.25 Td (becoming ) Tj ET Q q 0 0 0 rg BT 240.85 61.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 282.37 61.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.79 61.25 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 335.14 61.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 346.81 61.25 Td (. ) Tj ET Q q 0 0 0 rg BT 351.40 61.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 391.25 61.25 Td (was ) Tj ET Q q 0 0 0 rg BT 408.89 61.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 450.42 61.25 Td (and ) Tj ET Q q 0 0 0 rg BT 466.94 61.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 491.25 61.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 533.32 61.25 Td (Of) Tj ET Q q 0 0 0 rg BT 543.69 61.25 Td (ficer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.75 49.25 Td (Smith ) Tj ET Q q 0 0 0 rg BT 87.06 49.25 Td (Barney ) Tj ET Q q 0 0 0 rg BT 118.36 49.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 136.05 49.25 Td (and ) Tj ET Q q 0 0 0 rg BT 152.90 49.25 Td (a ) Tj ET Q q 0 0 0 rg BT 159.76 49.25 Td (member ) Tj ET Q q 0 0 0 rg BT 194.94 49.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.69 49.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.33 49.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 247.18 49.25 Td (of ) Tj ET Q q 0 0 0 rg BT 257.93 49.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 297.56 49.25 Td (of ) Tj ET Q q 0 0 0 rg BT 308.31 49.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.94 49.25 Td (predecessor ) Tj ET Q q 0 0 0 rg BT 372.56 49.25 Td (to ) Tj ET Q q 0 0 0 rg BT 382.75 49.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.39 49.25 Td (present ) Tj ET Q q 0 0 0 rg BT 428.51 49.25 Td (T) Tj ET Q q 0 0 0 rg BT 434.27 49.25 Td (ravelers ) Tj ET Q q 0 0 0 rg BT 468.33 49.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 519.07 49.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 537.04 49.25 Td (parent ) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.10 742.10 Td (Smith ) Tj ET Q q 0 0 0 rg BT 87.77 742.10 Td (Barney\) ) Tj ET Q q 0 0 0 rg BT 122.75 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 144.96 742.10 Td (June ) Tj ET Q q 0 0 0 rg BT 166.06 742.10 Td (1993 ) Tj ET Q q 0 0 0 rg BT 188.83 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.38 742.10 Td (January ) Tj ET Q q 0 0 0 rg BT 233.25 742.10 Td (1996. ) Tj ET Q q 0 0 0 rg BT 258.52 742.10 Td (From ) Tj ET Q q 0 0 0 rg BT 282.96 742.10 Td (January ) Tj ET Q q 0 0 0 rg BT 316.83 742.10 Td (1991 ) Tj ET Q q 0 0 0 rg BT 339.60 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.15 742.10 Td (June ) Tj ET Q q 0 0 0 rg BT 371.25 742.10 Td (1993, ) Tj ET Q q 0 0 0 rg BT 396.52 742.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 408.19 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 413.46 742.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 454.00 742.10 Td (was ) Tj ET Q q 0 0 0 rg BT 472.32 742.10 Td (president ) Tj ET Q q 0 0 0 rg BT 511.75 742.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 525.35 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 542.56 742.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (January ) Tj ET Q q 0 0 0 rg BT 83.72 730.10 Td (1989 ) Tj ET Q q 0 0 0 rg BT 106.33 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.73 730.10 Td (January ) Tj ET Q q 0 0 0 rg BT 150.44 730.10 Td (1991, ) Tj ET Q q 0 0 0 rg BT 175.56 730.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 187.23 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 192.35 730.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 232.73 730.10 Td (was ) Tj ET Q q 0 0 0 rg BT 250.90 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 257.95 730.10 Td (vice ) Tj ET Q q 0 0 0 rg BT 277.23 730.10 Td (chairman ) Tj ET Q q 0 0 0 rg BT 317.05 730.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 330.49 730.10 Td (Mor) Tj ET Q q 0 0 0 rg BT 347.53 730.10 Td (gan ) Tj ET Q q 0 0 0 rg BT 364.59 730.10 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 397.20 730.10 Td (Group, ) Tj ET Q q 0 0 0 rg BT 427.87 730.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 445.76 730.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 457.43 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 462.54 730.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 502.92 730.10 Td (joined ) Tj ET Q q 0 0 0 rg BT 530.54 730.10 Td (Mor) Tj ET Q q 0 0 0 rg BT 547.58 730.10 Td (gan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 83.33 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.44 718.10 Td (1962 ) Tj ET Q q 0 0 0 rg BT 117.78 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.55 718.10 Td (became ) Tj ET Q q 0 0 0 rg BT 169.41 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 177.19 718.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 208.84 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.95 718.10 Td (1970. ) Tj ET Q q 0 0 0 rg BT 245.78 718.10 Td (In ) Tj ET Q q 0 0 0 rg BT 257.45 718.10 Td (1972, ) Tj ET Q q 0 0 0 rg BT 283.28 718.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 294.95 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 300.78 718.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 341.88 718.10 Td (directed ) Tj ET Q q 0 0 0 rg BT 377.42 718.10 Td (Mor) Tj ET Q q 0 0 0 rg BT 394.46 718.10 Td (gan ) Tj ET Q q 0 0 0 rg BT 412.23 718.10 Td (Stanley) Tj ET Q q 0 0 0 rg BT 445.00 718.10 Td (s ) Tj ET Q q 0 0 0 rg BT 452.23 718.10 Td (newly-formed ) Tj ET Q q 0 0 0 rg BT 512.21 718.10 Td (mer) Tj ET Q q 0 0 0 rg BT 527.58 718.10 Td (gers ) Tj ET Q q 0 0 0 rg BT 547.57 718.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 101.48 706.10 Td (department. ) Tj ET Q q 0 0 0 rg BT 152.67 706.10 Td (In ) Tj ET Q q 0 0 0 rg BT 164.71 706.10 Td (1980, ) Tj ET Q q 0 0 0 rg BT 190.91 706.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 202.58 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 208.79 706.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 250.26 706.10 Td (was ) Tj ET Q q 0 0 0 rg BT 269.52 706.10 Td (named ) Tj ET Q q 0 0 0 rg BT 299.88 706.10 Td (director ) Tj ET Q q 0 0 0 rg BT 334.69 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.72 706.10 Td (Mor) Tj ET Q q 0 0 0 rg BT 363.76 706.10 Td (gan ) Tj ET Q q 0 0 0 rg BT 381.91 706.10 Td (Stanley) Tj ET Q q 0 0 0 rg BT 414.68 706.10 Td (s ) Tj ET Q q 0 0 0 rg BT 422.28 706.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 469.87 706.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 505.80 706.10 Td (division, ) Tj ET Q q 0 0 0 rg BT 544.23 706.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 108.15 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 123.52 694.10 Td (domestic ) Tj ET Q q 0 0 0 rg BT 163.33 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.47 694.10 Td (international ) Tj ET Q q 0 0 0 rg BT 235.71 694.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 277.17 694.10 Td (finance, ) Tj ET Q q 0 0 0 rg BT 312.80 694.10 Td (mer) Tj ET Q q 0 0 0 rg BT 328.17 694.10 Td (gers ) Tj ET Q q 0 0 0 rg BT 348.54 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.68 694.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 420.66 694.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 461.57 694.10 Td (banking, ) Tj ET Q q 0 0 0 rg BT 499.99 694.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 530.35 694.10 Td (markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (services ) Tj ET Q q 0 0 0 rg BT 84.71 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.65 682.10 Td (real ) Tj ET Q q 0 0 0 rg BT 119.13 682.10 Td (estate. ) Tj ET Q q 0 0 0 rg BT 146.34 682.10 Td (Also ) Tj ET Q q 0 0 0 rg BT 167.73 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.01 682.10 Td (1980, ) Tj ET Q q 0 0 0 rg BT 203.01 682.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 214.68 682.10 Td (. ) Tj ET Q q 0 0 0 rg BT 219.68 682.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 259.95 682.10 Td (became ) Tj ET Q q 0 0 0 rg BT 292.98 682.10 Td (a ) Tj ET Q q 0 0 0 rg BT 299.92 682.10 Td (member ) Tj ET Q q 0 0 0 rg BT 335.18 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.01 682.10 Td (Mor) Tj ET Q q 0 0 0 rg BT 363.05 682.10 Td (gan ) Tj ET Q q 0 0 0 rg BT 379.99 682.10 Td (Stanley) Tj ET Q q 0 0 0 rg BT 412.76 682.10 Td (s ) Tj ET Q q 0 0 0 rg BT 419.16 682.10 Td (management ) Tj ET Q q 0 0 0 rg BT 472.74 682.10 Td (committee.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 661.10 Td (Robert ) Tj ET Q q 0 0 0 rg BT 90.73 661.10 Td (T) Tj ET Q q 0 0 0 rg BT 96.10 661.10 Td (. ) Tj ET Q q 0 0 0 rg BT 100.23 661.10 Td (Blakely) Tj ET Q q 0 0 0 rg BT 130.68 661.10 Td (, ) Tj ET Q q 0 0 0 rg BT 134.81 661.10 Td (74, ) Tj ET Q q 0 0 0 rg BT 148.94 661.10 Td (has ) Tj ET Q q 0 0 0 rg BT 163.90 661.10 Td (served ) Tj ET Q q 0 0 0 rg BT 191.63 661.10 Td (on ) Tj ET Q q 0 0 0 rg BT 203.26 661.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.23 661.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 244.29 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.26 661.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 293.09 661.10 Td (since ) Tj ET Q q 0 0 0 rg BT 314.91 661.10 Td (April ) Tj ET Q q 0 0 0 rg BT 337.65 661.10 Td (2009. ) Tj ET Q q 0 0 0 rg BT 361.78 661.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 385.63 661.10 Td (2008, ) Tj ET Q q 0 0 0 rg BT 409.76 661.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 421.43 661.10 Td (. ) Tj ET Q q 0 0 0 rg BT 425.56 661.10 Td (Blakely ) Tj ET Q q 0 0 0 rg BT 458.29 661.10 Td (has ) Tj ET Q q 0 0 0 rg BT 473.26 661.10 Td (served ) Tj ET Q q 0 0 0 rg BT 500.99 661.10 Td (as ) Tj ET Q q 0 0 0 rg BT 510.95 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.79 661.10 Td (President ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.52 649.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 113.79 649.10 Td (Enhancement ) Tj ET Q q 0 0 0 rg BT 170.40 649.10 Td (Group, ) Tj ET Q q 0 0 0 rg BT 200.63 649.10 Td (a ) Tj ET Q q 0 0 0 rg BT 207.26 649.10 Td (position ) Tj ET Q q 0 0 0 rg BT 241.67 649.10 Td (he ) Tj ET Q q 0 0 0 rg BT 253.30 649.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 297.71 649.10 Td (held ) Tj ET Q q 0 0 0 rg BT 317.11 649.10 Td (from ) Tj ET Q q 0 0 0 rg BT 338.74 649.10 Td (2002 ) Tj ET Q q 0 0 0 rg BT 360.92 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 370.89 649.10 Td (2003. ) Tj ET Q q 0 0 0 rg BT 395.58 649.10 Td (From ) Tj ET Q q 0 0 0 rg BT 419.43 649.10 Td (February ) Tj ET Q q 0 0 0 rg BT 457.72 649.10 Td (2006 ) Tj ET Q q 0 0 0 rg BT 479.91 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 489.87 649.10 Td (January ) Tj ET Q q 0 0 0 rg BT 523.16 649.10 Td (2008, ) Tj ET Q q 0 0 0 rg BT 547.85 649.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 559.52 649.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (Blakely ) Tj ET Q q 0 0 0 rg BT 83.30 637.10 Td (served ) Tj ET Q q 0 0 0 rg BT 111.59 637.10 Td (as ) Tj ET Q q 0 0 0 rg BT 122.11 637.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 164.12 637.10 Td (V) Tj ET Q q 0 0 0 rg BT 170.75 637.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 184.59 637.10 Td (President ) Tj ET Q q 0 0 0 rg BT 224.00 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.52 637.10 Td (Fannie ) Tj ET Q q 0 0 0 rg BT 263.93 637.10 Td (Mae ) Tj ET Q q 0 0 0 rg BT 283.89 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.53 637.10 Td (from ) Tj ET Q q 0 0 0 rg BT 322.16 637.10 Td (February ) Tj ET Q q 0 0 0 rg BT 360.45 637.10 Td (2006 ) Tj ET Q q 0 0 0 rg BT 382.64 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.13 637.10 Td (August ) Tj ET Q q 0 0 0 rg BT 423.21 637.10 Td (2007 ) Tj ET Q q 0 0 0 rg BT 445.40 637.10 Td (as ) Tj ET Q q 0 0 0 rg BT 455.93 637.10 Td (its ) Tj ET Q q 0 0 0 rg BT 467.57 637.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 491.98 637.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 531.38 637.10 Td (Of) Tj ET Q q 0 0 0 rg BT 541.75 637.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 559.51 637.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (From ) Tj ET Q q 0 0 0 rg BT 74.24 625.10 Td (2003 ) Tj ET Q q 0 0 0 rg BT 96.80 625.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.15 625.10 Td (2006, ) Tj ET Q q 0 0 0 rg BT 132.22 625.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 143.89 625.10 Td (. ) Tj ET Q q 0 0 0 rg BT 148.96 625.10 Td (Blakely ) Tj ET Q q 0 0 0 rg BT 182.63 625.10 Td (served ) Tj ET Q q 0 0 0 rg BT 211.29 625.10 Td (as ) Tj ET Q q 0 0 0 rg BT 222.19 625.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 264.55 625.10 Td (V) Tj ET Q q 0 0 0 rg BT 271.17 625.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 285.40 625.10 Td (President ) Tj ET Q q 0 0 0 rg BT 325.18 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.19 625.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 366.97 625.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 406.75 625.10 Td (Of) Tj ET Q q 0 0 0 rg BT 417.12 625.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 438.00 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.90 625.10 Td (MCI. ) Tj ET Q q 0 0 0 rg BT 472.86 625.10 Td (From ) Tj ET Q q 0 0 0 rg BT 497.10 625.10 Td (1999 ) Tj ET Q q 0 0 0 rg BT 519.66 625.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.01 625.10 Td (2002 ) Tj ET Q q 0 0 0 rg BT 552.58 625.10 Td (he ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (served ) Tj ET Q q 0 0 0 rg BT 78.29 613.10 Td (as ) Tj ET Q q 0 0 0 rg BT 88.82 613.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 130.83 613.10 Td (V) Tj ET Q q 0 0 0 rg BT 137.46 613.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 151.31 613.10 Td (President ) Tj ET Q q 0 0 0 rg BT 190.72 613.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.35 613.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 231.76 613.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 271.17 613.10 Td (Of) Tj ET Q q 0 0 0 rg BT 281.54 613.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 302.05 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.58 613.10 Td (L) Tj ET Q q 0 0 0 rg BT 318.13 613.10 Td (yondell ) Tj ET Q q 0 0 0 rg BT 350.32 613.10 Td (Chemical. ) Tj ET Q q 0 0 0 rg BT 393.34 613.10 Td (From ) Tj ET Q q 0 0 0 rg BT 417.20 613.10 Td (1981 ) Tj ET Q q 0 0 0 rg BT 439.40 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.37 613.10 Td (1999 ) Tj ET Q q 0 0 0 rg BT 471.56 613.10 Td (he ) Tj ET Q q 0 0 0 rg BT 483.20 613.10 Td (served ) Tj ET Q q 0 0 0 rg BT 511.49 613.10 Td (as ) Tj ET Q q 0 0 0 rg BT 522.02 613.10 Td (Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (V) Tj ET Q q 0 0 0 rg BT 56.62 601.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 70.03 601.10 Td (President ) Tj ET Q q 0 0 0 rg BT 109.00 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.20 601.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 149.17 601.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 188.14 601.10 Td (Of) Tj ET Q q 0 0 0 rg BT 198.51 601.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 218.58 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.54 601.10 Td (T) Tj ET Q q 0 0 0 rg BT 233.95 601.10 Td (enneco, ) Tj ET Q q 0 0 0 rg BT 266.52 601.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 283.54 601.10 Td (From ) Tj ET Q q 0 0 0 rg BT 306.97 601.10 Td (1971 ) Tj ET Q q 0 0 0 rg BT 328.72 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 338.26 601.10 Td (1981, ) Tj ET Q q 0 0 0 rg BT 362.51 601.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 374.18 601.10 Td (. ) Tj ET Q q 0 0 0 rg BT 378.44 601.10 Td (Blakely ) Tj ET Q q 0 0 0 rg BT 411.30 601.10 Td (was ) Tj ET Q q 0 0 0 rg BT 428.60 601.10 Td (with ) Tj ET Q q 0 0 0 rg BT 448.14 601.10 Td (Mor) Tj ET Q q 0 0 0 rg BT 465.18 601.10 Td (gan ) Tj ET Q q 0 0 0 rg BT 481.37 601.10 Td (Stanley) Tj ET Q q 0 0 0 rg BT 510.72 601.10 Td (. ) Tj ET Q q 0 0 0 rg BT 514.97 601.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 526.64 601.10 Td (. ) Tj ET Q q 0 0 0 rg BT 530.90 601.10 Td (Blakely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.00 589.10 Td (a ) Tj ET Q q 0 0 0 rg BT 65.76 589.10 Td (member ) Tj ET Q q 0 0 0 rg BT 100.85 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.51 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.05 589.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 152.82 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.47 589.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 203.01 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.50 589.10 Td (W) Tj ET Q q 0 0 0 rg BT 222.13 589.10 Td (estlake ) Tj ET Q q 0 0 0 rg BT 252.22 589.10 Td (Chemical ) Tj ET Q q 0 0 0 rg BT 292.87 589.10 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 346.02 589.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 378.34 589.10 Td (Resource ) Tj ET Q q 0 0 0 rg BT 417.87 589.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 452.96 589.10 Td (L.P) Tj ET Q q 0 0 0 rg BT 466.03 589.10 Td (. ) Tj ET Q q 0 0 0 rg BT 470.85 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.10 589.10 Td (Ally ) Tj ET Q q 0 0 0 rg BT 507.21 589.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 546.75 589.10 Td (Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (\(formerly ) Tj ET Q q 0 0 0 rg BT 90.31 577.10 Td (GMAC, ) Tj ET Q q 0 0 0 rg BT 124.80 577.10 Td (Inc.\). ) Tj ET Q q 0 0 0 rg BT 147.90 577.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 159.57 577.10 Td (. ) Tj ET Q q 0 0 0 rg BT 164.06 577.10 Td (Blakely ) Tj ET Q q 0 0 0 rg BT 197.15 577.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 240.80 577.10 Td (a ) Tj ET Q q 0 0 0 rg BT 247.23 577.10 Td (five ) Tj ET Q q 0 0 0 rg BT 264.77 577.10 Td (year ) Tj ET Q q 0 0 0 rg BT 283.96 577.10 Td (term ) Tj ET Q q 0 0 0 rg BT 304.28 577.10 Td (on ) Tj ET Q q 0 0 0 rg BT 316.27 577.10 Td (December ) Tj ET Q q 0 0 0 rg BT 359.35 577.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 373.84 577.10 Td (201) Tj ET Q q 0 0 0 rg BT 388.47 577.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 395.46 577.10 Td (as ) Tj ET Q q 0 0 0 rg BT 405.64 577.10 Td (V) Tj ET Q q 0 0 0 rg BT 412.26 577.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 425.91 577.10 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 467.34 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.66 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.87 577.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 518.30 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 528.48 577.10 Td (T) Tj ET Q q 0 0 0 rg BT 534.23 577.10 Td (rustees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 565.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 114.71 565.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 163.86 565.10 Td (Federation, ) Tj ET Q q 0 0 0 rg BT 211.63 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.34 565.10 Td (oversight ) Tj ET Q q 0 0 0 rg BT 266.06 565.10 Td (body ) Tj ET Q q 0 0 0 rg BT 288.56 565.10 Td (for ) Tj ET Q q 0 0 0 rg BT 302.72 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.44 565.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 356.60 565.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 405.75 565.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 447.69 565.10 Td (Board. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 544.10 Td (Steven ) Tj ET Q q 0 0 0 rg BT 90.88 544.10 Td (F) Tj ET Q q 0 0 0 rg BT 95.64 544.10 Td (. ) Tj ET Q q 0 0 0 rg BT 99.80 544.10 Td (Goldstone, ) Tj ET Q q 0 0 0 rg BT 145.06 544.10 Td (70, ) Tj ET Q q 0 0 0 rg BT 159.22 544.10 Td (has ) Tj ET Q q 0 0 0 rg BT 174.21 544.10 Td (served ) Tj ET Q q 0 0 0 rg BT 201.97 544.10 Td (on ) Tj ET Q q 0 0 0 rg BT 213.63 544.10 Td (our ) Tj ET Q q 0 0 0 rg BT 228.62 544.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 254.72 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.71 544.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 303.57 544.10 Td (since ) Tj ET Q q 0 0 0 rg BT 325.78 544.10 Td (July ) Tj ET Q q 0 0 0 rg BT 344.11 544.10 Td (2004, ) Tj ET Q q 0 0 0 rg BT 368.27 544.10 Td (where ) Tj ET Q q 0 0 0 rg BT 394.35 544.10 Td (he ) Tj ET Q q 0 0 0 rg BT 405.45 544.10 Td (has ) Tj ET Q q 0 0 0 rg BT 420.44 544.10 Td (been ) Tj ET Q q 0 0 0 rg BT 440.98 544.10 Td (our ) Tj ET Q q 0 0 0 rg BT 455.97 544.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 477.61 544.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 528.69 544.10 Td (Director ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (since ) Tj ET Q q 0 0 0 rg BT 72.53 532.10 Td (January ) Tj ET Q q 0 0 0 rg BT 105.61 532.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 130.09 532.10 Td (He ) Tj ET Q q 0 0 0 rg BT 143.74 532.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 181.81 532.10 Td (manages ) Tj ET Q q 0 0 0 rg BT 218.78 532.10 Td (Silver ) Tj ET Q q 0 0 0 rg BT 244.65 532.10 Td (Spring ) Tj ET Q q 0 0 0 rg BT 273.30 532.10 Td (Group, ) Tj ET Q q 0 0 0 rg BT 303.33 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 309.76 532.10 Td (private ) Tj ET Q q 0 0 0 rg BT 339.50 532.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 385.37 532.10 Td (firm. ) Tj ET Q q 0 0 0 rg BT 407.07 532.10 Td (From ) Tj ET Q q 0 0 0 rg BT 430.72 532.10 Td (1995 ) Tj ET Q q 0 0 0 rg BT 452.70 532.10 Td (until ) Tj ET Q q 0 0 0 rg BT 473.02 532.10 Td (his ) Tj ET Q q 0 0 0 rg BT 486.67 532.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 529.74 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.50 532.10 Td (2000, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 520.10 Td (. ) Tj ET Q q 0 0 0 rg BT 66.51 520.10 Td (Goldstone ) Tj ET Q q 0 0 0 rg BT 109.96 520.10 Td (was ) Tj ET Q q 0 0 0 rg BT 127.85 520.10 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 169.63 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.41 520.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 210.97 520.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 253.29 520.10 Td (Of) Tj ET Q q 0 0 0 rg BT 263.66 520.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 284.32 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.99 520.10 Td (RJR ) Tj ET Q q 0 0 0 rg BT 314.56 520.10 Td (Nabisco, ) Tj ET Q q 0 0 0 rg BT 352.17 520.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 369.78 520.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 399.89 520.10 Td (was ) Tj ET Q q 0 0 0 rg BT 417.78 520.10 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 472.34 520.10 Td (named ) Tj ET Q q 0 0 0 rg BT 501.34 520.10 Td (Nabisco ) Tj ET Q q 0 0 0 rg BT 536.45 520.10 Td (Group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 89.17 508.10 Td (following ) Tj ET Q q 0 0 0 rg BT 130.56 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.28 508.10 Td (reor) Tj ET Q q 0 0 0 rg BT 161.20 508.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 205.35 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.18 508.10 Td (RJR ) Tj ET Q q 0 0 0 rg BT 235.92 508.10 Td (Nabisco, ) Tj ET Q q 0 0 0 rg BT 273.69 508.10 Td (Inc.\). ) Tj ET Q q 0 0 0 rg BT 297.29 508.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 319.79 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.07 508.10 Td (joining ) Tj ET Q q 0 0 0 rg BT 360.91 508.10 Td (RJR ) Tj ET Q q 0 0 0 rg BT 380.64 508.10 Td (Nabisco, ) Tj ET Q q 0 0 0 rg BT 418.42 508.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 438.69 508.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 450.36 508.10 Td (. ) Tj ET Q q 0 0 0 rg BT 455.36 508.10 Td (Goldstone ) Tj ET Q q 0 0 0 rg BT 498.97 508.10 Td (was ) Tj ET Q q 0 0 0 rg BT 517.02 508.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.96 508.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 554.78 508.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (Davis ) Tj ET Q q 0 0 0 rg BT 74.93 496.10 Td (Polk ) Tj ET Q q 0 0 0 rg BT 94.87 496.10 Td (& ) Tj ET Q q 0 0 0 rg BT 104.13 496.10 Td (W) Tj ET Q q 0 0 0 rg BT 112.77 496.10 Td (ardwell, ) Tj ET Q q 0 0 0 rg BT 146.85 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.89 496.10 Td (law ) Tj ET Q q 0 0 0 rg BT 168.93 496.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 187.74 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.12 496.10 Td (New ) Tj ET Q q 0 0 0 rg BT 217.36 496.10 Td (Y) Tj ET Q q 0 0 0 rg BT 223.58 496.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 238.51 496.10 Td (City) Tj ET Q q 0 0 0 rg BT 255.09 496.10 Td (. ) Tj ET Q q 0 0 0 rg BT 259.19 496.10 Td (He ) Tj ET Q q 0 0 0 rg BT 272.45 496.10 Td (is ) Tj ET Q q 0 0 0 rg BT 280.72 496.10 Td (also ) Tj ET Q q 0 0 0 rg BT 298.43 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.24 496.10 Td (non-executive ) Tj ET Q q 0 0 0 rg BT 370.48 496.10 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 411.51 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.44 496.10 Td (ConAgra ) Tj ET Q q 0 0 0 rg BT 459.70 496.10 Td (Foods, ) Tj ET Q q 0 0 0 rg BT 488.26 496.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 505.12 496.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 516.79 496.10 Td (. ) Tj ET Q q 0 0 0 rg BT 520.89 496.10 Td (Goldstone ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (served ) Tj ET Q q 0 0 0 rg BT 78.31 484.10 Td (as ) Tj ET Q q 0 0 0 rg BT 88.86 484.10 Td (a ) Tj ET Q q 0 0 0 rg BT 95.51 484.10 Td (member ) Tj ET Q q 0 0 0 rg BT 130.49 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.03 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.46 484.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 182.12 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.66 484.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 232.08 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.47 484.10 Td (T) Tj ET Q q 0 0 0 rg BT 248.22 484.10 Td (rane, ) Tj ET Q q 0 0 0 rg BT 270.15 484.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 287.63 484.10 Td (\(f/k/a ) Tj ET Q q 0 0 0 rg BT 311.01 484.10 Td (American ) Tj ET Q q 0 0 0 rg BT 352.65 484.10 Td (Standard ) Tj ET Q q 0 0 0 rg BT 390.41 484.10 Td (Companies, ) Tj ET Q q 0 0 0 rg BT 440.12 484.10 Td (Inc.\) ) Tj ET Q q 0 0 0 rg BT 460.93 484.10 Td (from ) Tj ET Q q 0 0 0 rg BT 482.58 484.10 Td (2002 ) Tj ET Q q 0 0 0 rg BT 504.80 484.10 Td (until ) Tj ET Q q 0 0 0 rg BT 525.35 484.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 547.56 484.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.60 472.10 Td (a ) Tj ET Q q 0 0 0 rg BT 67.32 472.10 Td (member ) Tj ET Q q 0 0 0 rg BT 102.36 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.96 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.45 472.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 154.16 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.77 472.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 204.25 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.85 472.10 Td (Merck ) Tj ET Q q 0 0 0 rg BT 243.23 472.10 Td (& ) Tj ET Q q 0 0 0 rg BT 253.28 472.10 Td (Co. ) Tj ET Q q 0 0 0 rg BT 269.72 472.10 Td (from ) Tj ET Q q 0 0 0 rg BT 291.44 472.10 Td (2008 ) Tj ET Q q 0 0 0 rg BT 313.71 472.10 Td (until ) Tj ET Q q 0 0 0 rg BT 334.32 472.10 Td (2012. ) Tj ET Q q 0 0 0 rg BT 359.10 472.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 370.77 472.10 Td (. ) Tj ET Q q 0 0 0 rg BT 375.54 472.10 Td (Goldstone ) Tj ET Q q 0 0 0 rg BT 418.92 472.10 Td (will ) Tj ET Q q 0 0 0 rg BT 436.75 472.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 460.13 472.10 Td (as ) Tj ET Q q 0 0 0 rg BT 470.73 472.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.44 472.10 Td (member ) Tj ET Q q 0 0 0 rg BT 512.48 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.09 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.58 472.10 Td (Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 460.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 100.54 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.19 460.10 Td (The ) Tj ET Q q 0 0 0 rg BT 129.23 460.10 Td (Chefs' ) Tj ET Q q 0 0 0 rg BT 156.68 460.10 Td (W) Tj ET Q q 0 0 0 rg BT 165.32 460.10 Td (arehouse, ) Tj ET Q q 0 0 0 rg BT 205.86 460.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 223.63 460.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 266.12 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 276.40 460.10 Td (March ) Tj ET Q q 0 0 0 rg BT 305.00 460.10 Td (2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 439.10 Td (Stephen ) Tj ET Q q 0 0 0 rg BT 96.85 439.10 Td (L. ) Tj ET Q q 0 0 0 rg BT 108.10 439.10 Td (Key) Tj ET Q q 0 0 0 rg BT 124.11 439.10 Td (, ) Tj ET Q q 0 0 0 rg BT 129.25 439.10 Td (72, ) Tj ET Q q 0 0 0 rg BT 144.38 439.10 Td (has ) Tj ET Q q 0 0 0 rg BT 160.35 439.10 Td (served ) Tj ET Q q 0 0 0 rg BT 189.08 439.10 Td (on ) Tj ET Q q 0 0 0 rg BT 201.72 439.10 Td (our ) Tj ET Q q 0 0 0 rg BT 217.69 439.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 244.76 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.73 439.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 295.57 439.10 Td (since ) Tj ET Q q 0 0 0 rg BT 318.76 439.10 Td (May ) Tj ET Q q 0 0 0 rg BT 339.72 439.10 Td (2004. ) Tj ET Q q 0 0 0 rg BT 364.86 439.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 389.71 439.10 Td (2003, ) Tj ET Q q 0 0 0 rg BT 414.85 439.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 426.52 439.10 Td (. ) Tj ET Q q 0 0 0 rg BT 431.66 439.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 450.96 439.10 Td (has ) Tj ET Q q 0 0 0 rg BT 466.92 439.10 Td (been ) Tj ET Q q 0 0 0 rg BT 488.44 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.29 439.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 522.03 439.10 Td (proprietor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.92 427.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 80.16 427.10 Td (Consulting, ) Tj ET Q q 0 0 0 rg BT 129.15 427.10 Td (LLC. ) Tj ET Q q 0 0 0 rg BT 153.12 427.10 Td (From ) Tj ET Q q 0 0 0 rg BT 177.38 427.10 Td (1995 ) Tj ET Q q 0 0 0 rg BT 199.96 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.33 427.10 Td (2001, ) Tj ET Q q 0 0 0 rg BT 235.42 427.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 247.09 427.10 Td (. ) Tj ET Q q 0 0 0 rg BT 252.17 427.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 271.42 427.10 Td (was ) Tj ET Q q 0 0 0 rg BT 289.56 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.36 427.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 346.74 427.10 Td (V) Tj ET Q q 0 0 0 rg BT 353.36 427.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 367.61 427.10 Td (President ) Tj ET Q q 0 0 0 rg BT 407.41 427.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.44 427.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 449.24 427.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 489.04 427.10 Td (Of) Tj ET Q q 0 0 0 rg BT 499.41 427.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 520.31 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.04 427.10 Td (T) Tj ET Q q 0 0 0 rg BT 536.45 427.10 Td (extron ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 70.11 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 86.89 415.10 Td (from ) Tj ET Q q 0 0 0 rg BT 108.67 415.10 Td (1992 ) Tj ET Q q 0 0 0 rg BT 131.02 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 141.14 415.10 Td (1995, ) Tj ET Q q 0 0 0 rg BT 165.98 415.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 177.65 415.10 Td (. ) Tj ET Q q 0 0 0 rg BT 182.49 415.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 201.50 415.10 Td (was ) Tj ET Q q 0 0 0 rg BT 219.39 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.95 415.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 276.10 415.10 Td (V) Tj ET Q q 0 0 0 rg BT 282.73 415.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 296.72 415.10 Td (President ) Tj ET Q q 0 0 0 rg BT 336.28 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.06 415.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 377.62 415.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 417.18 415.10 Td (Of) Tj ET Q q 0 0 0 rg BT 427.55 415.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 448.21 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.88 415.10 Td (ConAgra, ) Tj ET Q q 0 0 0 rg BT 500.38 415.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 517.99 415.10 Td (From ) Tj ET Q q 0 0 0 rg BT 542.01 415.10 Td (1968 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.18 403.10 Td (1992, ) Tj ET Q q 0 0 0 rg BT 85.08 403.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 96.75 403.10 Td (. ) Tj ET Q q 0 0 0 rg BT 101.65 403.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 120.70 403.10 Td (worked ) Tj ET Q q 0 0 0 rg BT 153.09 403.10 Td (at ) Tj ET Q q 0 0 0 rg BT 162.71 403.10 Td (Ernst ) Tj ET Q q 0 0 0 rg BT 186.22 403.10 Td (& ) Tj ET Q q 0 0 0 rg BT 196.04 403.10 Td (Y) Tj ET Q q 0 0 0 rg BT 202.26 403.10 Td (oung, ) Tj ET Q q 0 0 0 rg BT 227.16 403.10 Td (serving ) Tj ET Q q 0 0 0 rg BT 258.99 403.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.17 403.10 Td (various ) Tj ET Q q 0 0 0 rg BT 301.01 403.10 Td (capacities, ) Tj ET Q q 0 0 0 rg BT 345.33 403.10 Td (including ) Tj ET Q q 0 0 0 rg BT 385.50 403.10 Td (as ) Tj ET Q q 0 0 0 rg BT 396.23 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.84 403.10 Td (Managing ) Tj ET Q q 0 0 0 rg BT 453.79 403.10 Td (Partner ) Tj ET Q q 0 0 0 rg BT 485.07 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.79 403.10 Td (Ernst ) Tj ET Q q 0 0 0 rg BT 519.30 403.10 Td (& ) Tj ET Q q 0 0 0 rg BT 529.12 403.10 Td (Y) Tj ET Q q 0 0 0 rg BT 535.34 403.10 Td (oung) Tj ET Q q 0 0 0 rg BT 558.12 403.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (New ) Tj ET Q q 0 0 0 rg BT 71.11 391.10 Td (Y) Tj ET Q q 0 0 0 rg BT 77.33 391.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 93.28 391.10 Td (Of) Tj ET Q q 0 0 0 rg BT 103.65 391.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 121.26 391.10 Td (from ) Tj ET Q q 0 0 0 rg BT 143.32 391.10 Td (1988 ) Tj ET Q q 0 0 0 rg BT 165.94 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.33 391.10 Td (1992. ) Tj ET Q q 0 0 0 rg BT 201.45 391.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 213.12 391.10 Td (. ) Tj ET Q q 0 0 0 rg BT 218.24 391.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 237.52 391.10 Td (is ) Tj ET Q q 0 0 0 rg BT 246.81 391.10 Td (a ) Tj ET Q q 0 0 0 rg BT 253.87 391.10 Td (Certified ) Tj ET Q q 0 0 0 rg BT 292.03 391.10 Td (Public ) Tj ET Q q 0 0 0 rg BT 319.63 391.10 Td (Accountant ) Tj ET Q q 0 0 0 rg BT 368.34 391.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.74 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.58 391.10 Td (State ) Tj ET Q q 0 0 0 rg BT 416.19 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.14 391.10 Td (New ) Tj ET Q q 0 0 0 rg BT 448.26 391.10 Td (Y) Tj ET Q q 0 0 0 rg BT 454.48 391.10 Td (ork. ) Tj ET Q q 0 0 0 rg BT 472.93 391.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 484.60 391.10 Td (. ) Tj ET Q q 0 0 0 rg BT 489.72 391.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 509.00 391.10 Td (has ) Tj ET Q q 0 0 0 rg BT 524.95 391.10 Td (served ) Tj ET Q q 0 0 0 rg BT 553.66 391.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.34 379.10 Td (member ) Tj ET Q q 0 0 0 rg BT 91.00 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.23 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.35 379.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 141.68 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.91 379.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 191.02 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.25 379.10 Td (Fairway ) Tj ET Q q 0 0 0 rg BT 235.92 379.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 263.37 379.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 301.94 379.10 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 326.34 379.10 Td (since ) Tj ET Q q 0 0 0 rg BT 348.36 379.10 Td (August ) Tj ET Q q 0 0 0 rg BT 379.16 379.10 Td (2012 ) Tj ET Q q 0 0 0 rg BT 401.06 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.39 379.10 Td (as ) Tj ET Q q 0 0 0 rg BT 427.62 379.10 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 468.96 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.19 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.88 379.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 517.56 379.10 Td (Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.73 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.34 367.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 102.18 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.91 367.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 152.51 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.24 367.10 Td (Fairway ) Tj ET Q q 0 0 0 rg BT 198.40 367.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 226.35 367.10 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 265.42 367.10 Td (Corp. ) Tj ET Q q 0 0 0 rg BT 290.32 367.10 Td (since ) Tj ET Q q 0 0 0 rg BT 312.73 367.10 Td (April ) Tj ET Q q 0 0 0 rg BT 336.24 367.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 361.14 367.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 372.81 367.10 Td (. ) Tj ET Q q 0 0 0 rg BT 377.70 367.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 396.76 367.10 Td (has ) Tj ET Q q 0 0 0 rg BT 412.49 367.10 Td (also ) Tj ET Q q 0 0 0 rg BT 430.99 367.10 Td (served ) Tj ET Q q 0 0 0 rg BT 459.49 367.10 Td (as ) Tj ET Q q 0 0 0 rg BT 470.22 367.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.05 367.10 Td (member ) Tj ET Q q 0 0 0 rg BT 512.21 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.94 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.56 367.10 Td (Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.44 355.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 99.76 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.20 355.10 Td (Sitel, ) Tj ET Q q 0 0 0 rg BT 133.14 355.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 150.52 355.10 Td (from ) Tj ET Q q 0 0 0 rg BT 172.07 355.10 Td (2007 ) Tj ET Q q 0 0 0 rg BT 194.17 355.10 Td (until ) Tj ET Q q 0 0 0 rg BT 214.62 355.10 Td (2008, ) Tj ET Q q 0 0 0 rg BT 239.23 355.10 Td (as ) Tj ET Q q 0 0 0 rg BT 249.67 355.10 Td (a ) Tj ET Q q 0 0 0 rg BT 256.22 355.10 Td (member ) Tj ET Q q 0 0 0 rg BT 291.09 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.53 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.85 355.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 342.40 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.84 355.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 392.16 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.60 355.10 Td (Forward ) Tj ET Q q 0 0 0 rg BT 438.59 355.10 Td (Industries, ) Tj ET Q q 0 0 0 rg BT 482.64 355.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 500.01 355.10 Td (from ) Tj ET Q q 0 0 0 rg BT 521.56 355.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 543.67 355.10 Td (until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 75.00 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.94 343.10 Td (as ) Tj ET Q q 0 0 0 rg BT 102.77 343.10 Td (a ) Tj ET Q q 0 0 0 rg BT 109.71 343.10 Td (member ) Tj ET Q q 0 0 0 rg BT 144.97 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.80 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.52 343.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 197.46 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.29 343.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 247.99 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.82 343.10 Td (1-800-Contacts, ) Tj ET Q q 0 0 0 rg BT 325.48 343.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 343.25 343.10 Td (from ) Tj ET Q q 0 0 0 rg BT 365.19 343.10 Td (2005 ) Tj ET Q q 0 0 0 rg BT 387.69 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.96 343.10 Td (2012. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 322.10 Td (Karen ) Tj ET Q q 0 0 0 rg BT 89.04 322.10 Td (P) Tj ET Q q 0 0 0 rg BT 93.49 322.10 Td (. ) Tj ET Q q 0 0 0 rg BT 98.60 322.10 Td (Robards, ) Tj ET Q q 0 0 0 rg BT 137.03 322.10 Td (65, ) Tj ET Q q 0 0 0 rg BT 152.14 322.10 Td (has ) Tj ET Q q 0 0 0 rg BT 168.08 322.10 Td (served ) Tj ET Q q 0 0 0 rg BT 196.79 322.10 Td (on ) Tj ET Q q 0 0 0 rg BT 209.39 322.10 Td (our ) Tj ET Q q 0 0 0 rg BT 225.33 322.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 252.38 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.31 322.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 303.13 322.10 Td (since ) Tj ET Q q 0 0 0 rg BT 325.71 322.10 Td (April ) Tj ET Q q 0 0 0 rg BT 349.42 322.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 374.53 322.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 399.35 322.10 Td (1987, ) Tj ET Q q 0 0 0 rg BT 424.46 322.10 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 442.35 322.10 Td (Robards ) Tj ET Q q 0 0 0 rg BT 478.29 322.10 Td (has ) Tj ET Q q 0 0 0 rg BT 494.23 322.10 Td (been ) Tj ET Q q 0 0 0 rg BT 515.71 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.76 322.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 553.68 322.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Robards ) Tj ET Q q 0 0 0 rg BT 86.48 310.10 Td (& ) Tj ET Q q 0 0 0 rg BT 97.41 310.10 Td (Company) Tj ET Q q 0 0 0 rg BT 135.65 310.10 Td (, ) Tj ET Q q 0 0 0 rg BT 141.30 310.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 165.84 310.10 Td (a ) Tj ET Q q 0 0 0 rg BT 173.43 310.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 211.56 310.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 249.15 310.10 Td (firm. ) Tj ET Q q 0 0 0 rg BT 272.01 310.10 Td (From ) Tj ET Q q 0 0 0 rg BT 296.83 310.10 Td (1976 ) Tj ET Q q 0 0 0 rg BT 319.99 310.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.91 310.10 Td (1987, ) Tj ET Q q 0 0 0 rg BT 356.57 310.10 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 375.00 310.10 Td (Robards ) Tj ET Q q 0 0 0 rg BT 411.48 310.10 Td (was ) Tj ET Q q 0 0 0 rg BT 430.18 310.10 Td (an ) Tj ET Q q 0 0 0 rg BT 442.77 310.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 489.81 310.10 Td (banker ) Tj ET Q q 0 0 0 rg BT 520.16 310.10 Td (at ) Tj ET Q q 0 0 0 rg BT 530.53 310.10 Td (Mor) Tj ET Q q 0 0 0 rg BT 547.57 310.10 Td (gan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 82.67 298.10 Td (where ) Tj ET Q q 0 0 0 rg BT 109.76 298.10 Td (she ) Tj ET Q q 0 0 0 rg BT 125.76 298.10 Td (served ) Tj ET Q q 0 0 0 rg BT 154.53 298.10 Td (as ) Tj ET Q q 0 0 0 rg BT 165.53 298.10 Td (head ) Tj ET Q q 0 0 0 rg BT 187.08 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.08 298.10 Td (its ) Tj ET Q q 0 0 0 rg BT 210.20 298.10 Td (healthcare ) Tj ET Q q 0 0 0 rg BT 253.95 298.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 300.50 298.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 335.38 298.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 376.65 298.10 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 394.61 298.10 Td (Robards ) Tj ET Q q 0 0 0 rg BT 430.61 298.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 469.37 298.10 Td (serves ) Tj ET Q q 0 0 0 rg BT 497.03 298.10 Td (as ) Tj ET Q q 0 0 0 rg BT 507.84 298.10 Td (V) Tj ET Q q 0 0 0 rg BT 514.46 298.10 Td (ice ) Tj ET Q q 0 0 0 rg BT 528.78 298.10 Td (Chair ) Tj ET Q q 0 0 0 rg BT 553.67 298.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.21 286.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 92.63 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.06 286.10 Td (Chair ) Tj ET Q q 0 0 0 rg BT 135.26 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.58 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.13 286.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 186.89 286.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 234.32 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.64 286.10 Td (BlackRock ) Tj ET Q q 0 0 0 rg BT 293.06 286.10 Td (Closed-End ) Tj ET Q q 0 0 0 rg BT 343.27 286.10 Td (Funds. ) Tj ET Q q 0 0 0 rg BT 373.21 286.10 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 391.48 286.10 Td (Robards ) Tj ET Q q 0 0 0 rg BT 427.80 286.10 Td (is ) Tj ET Q q 0 0 0 rg BT 437.46 286.10 Td (also ) Tj ET Q q 0 0 0 rg BT 456.55 286.10 Td (a ) Tj ET Q q 0 0 0 rg BT 463.98 286.10 Td (member ) Tj ET Q q 0 0 0 rg BT 499.73 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.05 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.25 286.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 553.68 286.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 89.38 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.41 274.10 Td (AtriCure, ) Tj ET Q q 0 0 0 rg BT 139.64 274.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 159.58 274.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.20 274.10 Td (medical ) Tj ET Q q 0 0 0 rg BT 200.03 274.10 Td (device ) Tj ET Q q 0 0 0 rg BT 228.30 274.10 Td (company) Tj ET Q q 0 0 0 rg BT 264.30 274.10 Td (, ) Tj ET Q q 0 0 0 rg BT 268.98 274.10 Td (where ) Tj ET Q q 0 0 0 rg BT 295.59 274.10 Td (she ) Tj ET Q q 0 0 0 rg BT 311.10 274.10 Td (has ) Tj ET Q q 0 0 0 rg BT 326.60 274.10 Td (served ) Tj ET Q q 0 0 0 rg BT 354.88 274.10 Td (since ) Tj ET Q q 0 0 0 rg BT 377.61 274.10 Td (2000. ) Tj ET Q q 0 0 0 rg BT 402.28 274.10 Td (From ) Tj ET Q q 0 0 0 rg BT 426.13 274.10 Td (1996 ) Tj ET Q q 0 0 0 rg BT 448.31 274.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.26 274.10 Td (2005, ) Tj ET Q q 0 0 0 rg BT 482.94 274.10 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 500.40 274.10 Td (Robards ) Tj ET Q q 0 0 0 rg BT 535.91 274.10 Td (served ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (as ) Tj ET Q q 0 0 0 rg BT 59.76 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 65.63 262.10 Td (director ) Tj ET Q q 0 0 0 rg BT 98.15 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.92 262.10 Td (Enable ) Tj ET Q q 0 0 0 rg BT 137.11 262.10 Td (Medical ) Tj ET Q q 0 0 0 rg BT 171.30 262.10 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 223.56 262.10 Td (a ) Tj ET Q q 0 0 0 rg BT 229.43 262.10 Td (developer ) Tj ET Q q 0 0 0 rg BT 270.28 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.15 262.10 Td (manufacturer ) Tj ET Q q 0 0 0 rg BT 340.88 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.64 262.10 Td (sur) Tj ET Q q 0 0 0 rg BT 362.69 262.10 Td (gical ) Tj ET Q q 0 0 0 rg BT 383.55 262.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 434.15 262.10 Td (which ) Tj ET Q q 0 0 0 rg BT 460.01 262.10 Td (was ) Tj ET Q q 0 0 0 rg BT 477.00 262.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 512.85 262.10 Td (by ) Tj ET Q q 0 0 0 rg BT 523.97 262.10 Td (AtriCure, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 68.59 250.10 Td (in ) Tj ET Q q 0 0 0 rg BT 79.68 250.10 Td (2005. ) Tj ET Q q 0 0 0 rg BT 105.50 250.10 Td (From ) Tj ET Q q 0 0 0 rg BT 130.49 250.10 Td (2007 ) Tj ET Q q 0 0 0 rg BT 153.81 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.90 250.10 Td (2010, ) Tj ET Q q 0 0 0 rg BT 190.72 250.10 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 209.32 250.10 Td (Robards ) Tj ET Q q 0 0 0 rg BT 245.97 250.10 Td (also ) Tj ET Q q 0 0 0 rg BT 265.40 250.10 Td (served ) Tj ET Q q 0 0 0 rg BT 294.81 250.10 Td (as ) Tj ET Q q 0 0 0 rg BT 306.46 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 314.22 250.10 Td (director ) Tj ET Q q 0 0 0 rg BT 348.63 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.28 250.10 Td (Care ) Tj ET Q q 0 0 0 rg BT 382.47 250.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 429.98 250.10 Td (T) Tj ET Q q 0 0 0 rg BT 435.74 250.10 Td (rust, ) Tj ET Q q 0 0 0 rg BT 456.56 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 464.31 250.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 500.40 250.10 Td (held ) Tj ET Q q 0 0 0 rg BT 520.94 250.10 Td (real ) Tj ET Q q 0 0 0 rg BT 539.24 250.10 Td (estate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.38 238.10 Td (trust ) Tj ET Q q 0 0 0 rg BT 116.66 238.10 Td (focusing ) Tj ET Q q 0 0 0 rg BT 153.60 238.10 Td (on ) Tj ET Q q 0 0 0 rg BT 166.10 238.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 212.48 238.10 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 267.75 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.03 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.75 238.10 Td (healthcare ) Tj ET Q q 0 0 0 rg BT 336.33 238.10 Td (industry) Tj ET Q q 0 0 0 rg BT 368.46 238.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 217.10 Td ( ) Tj ET Q q 0 0 0 rg BT 64.50 217.10 Td ( ) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.85 742.25 Td (P) Tj ET Q q 0 0 0 rg BT 293.22 742.25 Td (AR) Tj ET Q q 0 0 0 rg BT 307.31 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 313.80 742.25 Td (II) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (Item5.Market for) Tj ET Q q 0 0 0 rg BT 132.29 718.25 Td ( Registrant) Tj ET Q q 0 0 0 rg BT 182.73 718.25 Td (s Common Equity) Tj ET Q q 0 0 0 rg BT 259.42 718.25 Td (, Related Stockholder) Tj ET Q q 0 0 0 rg BT 351.18 718.25 Td ( Matters and Issuer) Tj ET Q q 0 0 0 rg BT 434.60 718.25 Td ( Pur) Tj ET Q q 0 0 0 rg BT 453.03 718.25 Td (chases of Equity ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 685.25 Td (The ) Tj ET Q q 0 0 0 rg BT 80.55 685.25 Td (New ) Tj ET Q q 0 0 0 rg BT 101.99 685.25 Td (Y) Tj ET Q q 0 0 0 rg BT 108.21 685.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 124.55 685.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 150.33 685.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 192.76 685.25 Td (is ) Tj ET Q q 0 0 0 rg BT 202.43 685.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.65 685.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 256.20 685.25 Td (market ) Tj ET Q q 0 0 0 rg BT 286.97 685.25 Td (on ) Tj ET Q q 0 0 0 rg BT 299.97 685.25 Td (which ) Tj ET Q q 0 0 0 rg BT 327.41 685.25 Td (our ) Tj ET Q q 0 0 0 rg BT 343.75 685.25 Td (common ) Tj ET Q q 0 0 0 rg BT 381.75 685.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 405.86 685.25 Td (\(ticker: ) Tj ET Q q 0 0 0 rg BT 437.74 685.25 Td (GHL\) ) Tj ET Q q 0 0 0 rg BT 464.62 685.25 Td (is ) Tj ET Q q 0 0 0 rg BT 474.30 685.25 Td (traded. ) Tj ET Q q 0 0 0 rg BT 504.57 685.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.12 685.25 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (tables ) Tj ET Q q 0 0 0 rg BT 75.94 673.25 Td (set ) Tj ET Q q 0 0 0 rg BT 89.67 673.25 Td (forth, ) Tj ET Q q 0 0 0 rg BT 114.23 673.25 Td (for ) Tj ET Q q 0 0 0 rg BT 128.51 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.34 673.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 167.62 673.25 Td (quarters ) Tj ET Q q 0 0 0 rg BT 202.44 673.25 Td (indicated, ) Tj ET Q q 0 0 0 rg BT 244.21 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 259.05 673.25 Td (high ) Tj ET Q q 0 0 0 rg BT 279.44 673.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.50 673.25 Td (low ) Tj ET Q q 0 0 0 rg BT 314.12 673.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 336.18 673.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 362.67 673.25 Td (per ) Tj ET Q q 0 0 0 rg BT 378.06 673.25 Td (share ) Tj ET Q q 0 0 0 rg BT 401.78 673.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.73 673.25 Td (our ) Tj ET Q q 0 0 0 rg BT 428.67 673.25 Td (common ) Tj ET Q q 0 0 0 rg BT 466.29 673.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 492.51 673.25 Td (as ) Tj ET Q q 0 0 0 rg BT 503.46 673.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 539.40 673.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 673.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 661.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 149.41 661.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 188.57 661.25 Td (system, ) Tj ET Q q 0 0 0 rg BT 221.35 661.25 Td (and ) Tj ET Q q 0 0 0 rg BT 238.29 661.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.00 661.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 291.60 661.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 332.98 661.25 Td (declared.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 650.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 600.95 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 600.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 600.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 600.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 600.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 600.95 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 585.95 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 570.95 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 570.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 570.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 570.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 570.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 570.95 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 555.95 324.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 626.95 m 434.5 626.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 626.95 m 438.5 626.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 626.95 m 498.5 626.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 626.95 m 502.5 626.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 626.95 m 562.5 626.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 613.95 m 434.5 613.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 613.95 m 438.5 613.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 613.95 m 498.5 613.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 600.95 m 434.5 600.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 600.95 m 498.5 600.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 600.95 m 562.5 600.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 600.95 m 434.5 600.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 600.95 m 498.5 600.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 600.95 m 562.5 600.95 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.00 631.18 Td (Fiscal 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.45 618.18 Td (Sales Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.15 619.03 Td (Dividendsper) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 518.40 611.03 Td (shar) Tj ET Q q 0 0 0 rg BT 533.37 611.03 Td (e of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.40 603.08 Td (commonstock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 395.55 605.18 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.40 605.18 Td (Low) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 591.52 Td (First quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 590.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 590.62 Td (43.79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 590.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 590.62 Td (34.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 590.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 590.62 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 576.52 Td (Second quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 575.62 Td (43.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 575.62 Td (38.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 575.62 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 561.52 Td (Third quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 560.62 Td (41.64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 560.62 Td (28.22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 560.62 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 546.52 Td (Fourth quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 545.62 Td (29.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 545.62 Td (24.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 545.62 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 473.95 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 473.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 473.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 473.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 473.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 473.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 443.95 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 373.50 443.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 443.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 443.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 443.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 443.95 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 503.95 m 433.5 503.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 503.95 m 437.5 503.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 503.95 m 497.5 503.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 503.95 m 501.5 503.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 503.95 m 561.5 503.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 488.95 m 433.5 488.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433.5 488.95 m 437.5 488.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 488.95 m 497.5 488.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 473.95 m 433.5 473.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 473.95 m 497.5 473.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 473.95 m 561.5 473.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373.5 473.95 m 433.5 473.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 473.95 m 497.5 473.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 473.95 m 561.5 473.95 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 448.00 508.18 Td (Fiscal 2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 416.45 493.18 Td (Sales Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.15 494.18 Td (Dividends per) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.40 486.18 Td (shar) Tj ET Q q 0 0 0 rg BT 532.37 486.18 Td (e of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.40 478.18 Td (common stock) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.55 478.18 Td (High) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.40 478.18 Td (Low) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 464.52 Td (First quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 463.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 463.62 Td (60.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 463.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 463.62 Td (47.93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 463.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 463.62 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 449.52 Td (Second quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 448.62 Td (52.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 448.62 Td (45.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 448.62 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 434.52 Td (Third quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 433.62 Td (50.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 433.62 Td (43.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 433.62 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 419.52 Td (Fourth quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.15 418.62 Td (48.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 418.62 Td (39.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 418.62 Td (0.45) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 390.45 Td (As ) Tj ET Q q 0 0 0 rg BT 75.81 390.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.83 390.45 Td (February15, ) Tj ET Q q 0 0 0 rg BT 140.62 390.45 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.62 390.45 Td (, ) Tj ET Q q 0 0 0 rg BT 165.81 390.45 Td (there ) Tj ET Q q 0 0 0 rg BT 188.49 390.45 Td (were ) Tj ET Q q 0 0 0 rg BT 210.61 390.45 Td (16 ) Tj ET Q q 0 0 0 rg BT 223.31 390.45 Td (holders ) Tj ET Q q 0 0 0 rg BT 255.44 390.45 Td (of ) Tj ET Q q 0 0 0 rg BT 266.46 390.45 Td (record ) Tj ET Q q 0 0 0 rg BT 294.69 390.45 Td (of ) Tj ET Q q 0 0 0 rg BT 305.71 390.45 Td (our ) Tj ET Q q 0 0 0 rg BT 321.74 390.45 Td (common ) Tj ET Q q 0 0 0 rg BT 359.42 390.45 Td (stock. ) Tj ET Q q 0 0 0 rg BT 385.53 390.45 Td (The ) Tj ET Q q 0 0 0 rg BT 403.77 390.45 Td (majority ) Tj ET Q q 0 0 0 rg BT 440.35 390.45 Td (of ) Tj ET Q q 0 0 0 rg BT 451.37 390.45 Td (our ) Tj ET Q q 0 0 0 rg BT 467.39 390.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 495.07 390.45 Td (are ) Tj ET Q q 0 0 0 rg BT 509.97 390.45 Td (held ) Tj ET Q q 0 0 0 rg BT 529.88 390.45 Td (in ) Tj ET Q q 0 0 0 rg BT 540.35 390.45 Td (street ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 378.45 Td (name ) Tj ET Q q 0 0 0 rg BT 74.16 378.45 Td (by ) Tj ET Q q 0 0 0 rg BT 86.66 378.45 Td (diversified ) Tj ET Q q 0 0 0 rg BT 131.92 378.45 Td (financial ) Tj ET Q q 0 0 0 rg BT 169.40 378.45 Td (broker ) Tj ET Q q 0 0 0 rg BT 198.00 378.45 Td (dealers ) Tj ET Q q 0 0 0 rg BT 228.81 378.45 Td (which ) Tj ET Q q 0 0 0 rg BT 255.75 378.45 Td (are ) Tj ET Q q 0 0 0 rg BT 270.46 378.45 Td (not ) Tj ET Q q 0 0 0 rg BT 285.74 378.45 Td (counted ) Tj ET Q q 0 0 0 rg BT 319.89 378.45 Td (as ) Tj ET Q q 0 0 0 rg BT 330.72 378.45 Td (record ) Tj ET Q q 0 0 0 rg BT 367.64 378.45 Td (holders.) 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(Excludes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.92 566.45 Td (1,123) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.42 566.45 Td ( ) Tj ET Q q 0 0 0 rg BT 137.18 566.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 164.94 566.45 Td (we ) Tj ET Q q 0 0 0 rg BT 179.36 566.45 Td (are ) Tj ET Q q 0 0 0 rg BT 194.33 566.45 Td (deemed ) Tj ET Q q 0 0 0 rg BT 228.19 566.45 Td (to ) Tj ET Q q 0 0 0 rg BT 238.73 566.45 Td (have ) Tj ET Q q 0 0 0 rg BT 260.37 566.45 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 311.44 566.45 Td (in ) Tj ET Q q 0 0 0 rg BT 321.98 566.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.96 566.45 Td (fourth ) Tj ET Q q 0 0 0 rg BT 364.17 566.45 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.48 566.45 Td ( ) Tj ET Q q 0 0 0 rg BT 395.24 566.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.34 566.45 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.34 566.45 Td ( ) Tj ET Q q 0 0 0 rg BT 429.10 566.45 Td (at ) Tj ET Q q 0 0 0 rg BT 439.08 566.45 Td (an ) Tj ET Q q 0 0 0 rg BT 451.28 566.45 Td (average ) Tj ET Q q 0 0 0 rg BT 485.13 566.45 Td (price ) Tj ET Q q 0 0 0 rg BT 507.88 566.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.97 566.45 Td ($26.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.47 566.45 Td ( ) Tj ET Q q 0 0 0 rg BT 549.24 566.45 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 554.45 Td (share, ) Tj ET Q q 0 0 0 rg BT 98.93 554.45 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.09 554.45 Td ($0.03 ) Tj ET Q q 0 0 0 rg BT 135.42 554.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.31 554.45 Td (, ) Tj ET Q q 0 0 0 rg BT 169.64 554.45 Td (from ) Tj ET Q q 0 0 0 rg BT 191.91 554.45 Td (employees ) Tj ET Q q 0 0 0 rg BT 237.51 554.45 Td (in ) Tj ET Q q 0 0 0 rg BT 248.12 554.45 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 298.16 554.45 Td (with ) Tj ET Q q 0 0 0 rg BT 318.77 554.45 Td (the ) Tj ET Q q 0 0 0 rg BT 333.82 554.45 Td (payment ) Tj ET Q q 0 0 0 rg BT 371.08 554.45 Td (of ) Tj ET Q q 0 0 0 rg BT 382.24 554.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 397.29 554.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 437.34 554.45 Td (in ) Tj ET Q q 0 0 0 rg BT 447.95 554.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 479.10 554.45 Td (of ) Tj ET Q q 0 0 0 rg BT 490.26 554.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 514.20 554.45 Td (delivered ) Tj ET Q q 0 0 0 rg BT 554.23 554.45 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 542.45 Td (employees ) Tj ET Q q 0 0 0 rg BT 117.76 542.45 Td (in ) Tj ET Q q 0 0 0 rg BT 128.04 542.45 Td (settlement ) Tj ET Q q 0 0 0 rg BT 171.64 542.45 Td (of ) Tj ET Q q 0 0 0 rg BT 182.47 542.45 Td (restricted ) Tj ET Q q 0 0 0 rg BT 222.17 542.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 245.78 542.45 Td (units.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.45 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 521.45 Td (Shares ) Tj ET Q q 0 0 0 rg BT 100.96 521.45 Td (which ) Tj ET Q q 0 0 0 rg BT 127.21 521.45 Td (may ) Tj ET Q q 0 0 0 rg BT 146.23 521.45 Td (be ) Tj ET Q q 0 0 0 rg BT 157.47 521.45 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 207.58 521.45 Td (under ) Tj ET Q q 0 0 0 rg BT 232.15 521.45 Td (the ) Tj ET Q q 0 0 0 rg BT 246.17 521.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 265.19 521.45 Td (authorized ) Tj ET Q q 0 0 0 rg BT 309.19 521.45 Td (by ) Tj ET Q q 0 0 0 rg BT 321.00 521.45 Td (the ) Tj ET Q q 0 0 0 rg BT 335.02 521.45 Td (Board ) Tj ET Q q 0 0 0 rg BT 361.26 521.45 Td (of ) Tj ET Q q 0 0 0 rg BT 371.39 521.45 Td (Directors ) Tj ET Q q 0 0 0 rg BT 410.40 521.45 Td (on ) Tj ET Q q 0 0 0 rg BT 422.20 521.45 Td (January ) Tj ET Q q 0 0 0 rg BT 455.11 521.45 Td (28, ) Tj ET Q q 0 0 0 rg BT 469.41 521.45 Td (2015 ) Tj ET Q q 0 0 0 rg BT 491.21 521.45 Td (for ) Tj ET Q q 0 0 0 rg BT 504.68 521.45 Td (the ) Tj ET Q q 0 0 0 rg BT 518.70 521.45 Td (repurchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 509.45 Td (of ) Tj ET Q q 0 0 0 rg BT 83.22 509.45 Td (up ) Tj ET Q q 0 0 0 rg BT 95.61 509.45 Td (to ) Tj ET Q q 0 0 0 rg BT 105.77 509.45 Td ($75,000,000 ) Tj ET Q q 0 0 0 rg BT 158.16 509.45 Td (of ) Tj ET Q q 0 0 0 rg BT 168.88 509.45 Td (our ) Tj ET Q q 0 0 0 rg BT 184.59 509.45 Td (common ) Tj ET Q q 0 0 0 rg BT 221.98 509.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 245.47 509.45 Td (during ) Tj ET Q q 0 0 0 rg BT 273.97 509.45 Td (2015. ) Tj ET Q q 0 0 0 rg BT 298.86 509.45 Td ( ) Tj ET Q q 0 0 0 rg BT 301.25 509.45 Td (Ef) Tj ET Q q 0 0 0 rg BT 310.50 509.45 Td (fective ) Tj ET Q q 0 0 0 rg BT 340.09 509.45 Td (January27, ) Tj ET Q q 0 0 0 rg BT 388.58 509.45 Td (2016, ) Tj ET Q q 0 0 0 rg BT 413.47 509.45 Td (the ) Tj ET Q q 0 0 0 rg BT 428.07 509.45 Td (Board ) Tj ET Q q 0 0 0 rg BT 454.90 509.45 Td (of ) Tj ET Q q 0 0 0 rg BT 465.62 509.45 Td (Directors ) Tj ET Q q 0 0 0 rg BT 505.21 509.45 Td (authorized ) Tj ET Q q 0 0 0 rg BT 549.80 509.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 497.45 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 118.31 497.45 Td (of ) Tj ET Q q 0 0 0 rg BT 129.14 497.45 Td (up ) Tj ET Q q 0 0 0 rg BT 141.64 497.45 Td (to ) Tj ET Q q 0 0 0 rg BT 151.91 497.45 Td ($75,000,000 ) Tj ET Q q 0 0 0 rg BT 204.41 497.45 Td (of ) Tj ET Q q 0 0 0 rg BT 215.24 497.45 Td (our ) Tj ET Q q 0 0 0 rg BT 231.07 497.45 Td (common ) Tj ET Q q 0 0 0 rg BT 268.57 497.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 292.18 497.45 Td (during ) Tj ET Q q 0 0 0 rg BT 320.79 497.45 Td (the ) Tj ET Q q 0 0 0 rg BT 335.50 497.45 Td (period ) Tj ET Q q 0 0 0 rg BT 363.55 497.45 Td (January ) Tj ET Q q 0 0 0 rg BT 397.15 497.45 Td (1, ) Tj ET Q q 0 0 0 rg BT 407.15 497.45 Td (2016 ) Tj ET Q q 0 0 0 rg BT 429.65 497.45 Td (through ) Tj ET Q q 0 0 0 rg BT 463.26 497.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 521.84 497.45 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.45 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 476.45 Td (The ) Tj ET Q q 0 0 0 rg BT 90.33 476.45 Td (value ) Tj ET Q q 0 0 0 rg BT 114.27 476.45 Td (of ) Tj ET Q q 0 0 0 rg BT 124.88 476.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 152.15 476.45 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 202.74 476.45 Td (during ) Tj ET Q q 0 0 0 rg BT 231.13 476.45 Td (the ) Tj ET Q q 0 0 0 rg BT 245.63 476.45 Td (year ) Tj ET Q q 0 0 0 rg BT 265.12 476.45 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.28 476.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 349.65 476.45 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.65 476.45 Td ( ) Tj ET Q q 0 0 0 rg BT 371.93 476.45 Td (excludes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.20 476.45 Td (341,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.70 476.45 Td ( ) Tj ET Q q 0 0 0 rg BT 443.98 476.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 471.25 476.45 Td (we ) Tj ET Q q 0 0 0 rg BT 485.20 476.45 Td (are ) Tj ET Q q 0 0 0 rg BT 499.69 476.45 Td (deemed ) Tj ET Q q 0 0 0 rg BT 533.06 476.45 Td (to ) Tj ET Q q 0 0 0 rg BT 543.13 476.45 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 464.45 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 123.41 464.45 Td (at ) Tj ET Q q 0 0 0 rg BT 133.23 464.45 Td (an ) Tj ET Q q 0 0 0 rg BT 145.27 464.45 Td (average ) Tj ET Q q 0 0 0 rg BT 178.96 464.45 Td (price ) Tj ET Q q 0 0 0 rg BT 201.55 464.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.48 464.45 Td ($34.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.98 464.45 Td ( ) Tj ET Q q 0 0 0 rg BT 242.59 464.45 Td (per ) Tj ET Q q 0 0 0 rg BT 257.96 464.45 Td (share, ) Tj ET Q q 0 0 0 rg BT 284.16 464.45 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.10 464.45 Td ($1) Tj ET Q q 0 0 0 rg BT 304.73 464.45 Td (1.9 ) Tj ET Q q 0 0 0 rg BT 319.83 464.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.72 464.45 Td (, ) Tj ET Q q 0 0 0 rg BT 353.83 464.45 Td (from ) Tj ET Q q 0 0 0 rg BT 375.87 464.45 Td (employees ) Tj ET Q q 0 0 0 rg BT 421.24 464.45 Td (in ) Tj ET Q q 0 0 0 rg BT 431.62 464.45 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 481.43 464.45 Td (with ) Tj ET Q q 0 0 0 rg BT 501.82 464.45 Td (the ) Tj ET Q q 0 0 0 rg BT 516.64 464.45 Td (payment ) Tj ET Q q 0 0 0 rg BT 553.68 464.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 452.45 Td (tax ) Tj ET Q q 0 0 0 rg BT 87.22 452.45 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 126.93 452.45 Td (in ) Tj ET Q q 0 0 0 rg BT 137.21 452.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 168.03 452.45 Td (of ) Tj ET Q q 0 0 0 rg BT 178.86 452.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 202.47 452.45 Td (delivered ) Tj ET Q q 0 0 0 rg BT 242.17 452.45 Td (to ) Tj ET Q q 0 0 0 rg BT 252.45 452.45 Td (employees ) Tj ET Q q 0 0 0 rg BT 297.71 452.45 Td (in ) Tj ET Q q 0 0 0 rg BT 307.99 452.45 Td (settlement ) Tj ET Q q 0 0 0 rg BT 351.59 452.45 Td (of ) Tj ET Q q 0 0 0 rg BT 362.42 452.45 Td (restricted ) Tj ET Q q 0 0 0 rg BT 402.12 452.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 425.73 452.45 Td (units.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (24) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item 6.Selected Financial Data) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 731.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 681.95 182.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 681.95 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 681.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 681.95 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 681.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 681.95 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 681.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 681.95 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 681.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 681.95 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 652.95 182.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 652.95 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 652.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 652.95 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 652.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 652.95 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 652.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 652.95 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 652.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 652.95 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 612.95 182.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 612.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 612.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 612.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 612.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 612.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 612.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 612.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 612.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 612.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 572.95 182.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 572.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 572.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 572.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 572.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 572.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 572.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 572.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 572.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 572.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 542.95 182.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 542.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 542.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 542.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 542.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 542.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 542.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 542.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 542.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 542.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 502.95 182.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 502.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 502.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 502.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 502.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 502.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 502.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 502.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 502.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 502.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 472.95 182.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 472.95 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 472.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 472.95 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 472.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 472.95 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 472.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 472.95 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 472.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 472.95 62.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 443.95 182.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 443.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 443.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 443.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 443.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 443.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 443.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 443.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 443.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 443.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 413.95 182.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 413.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 413.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 413.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 413.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 413.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 413.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 413.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 413.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 413.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 383.95 182.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 383.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 383.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 383.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 383.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 383.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 383.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 383.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 383.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 383.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 355.95 182.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 355.95 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 355.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 355.95 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 355.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 355.95 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 355.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 355.95 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 355.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 355.95 62.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 315.95 182.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 315.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 315.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 315.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 315.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 315.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 315.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 315.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 315.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 315.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 285.95 182.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 285.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 285.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 285.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 285.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 285.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 285.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 285.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 285.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 285.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 255.95 182.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 232.50 255.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 294.50 255.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 298.50 255.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 255.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 364.50 255.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 426.50 255.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 430.50 255.95 62.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 255.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 496.50 255.95 62.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 707.95 m 294.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 294.5 707.95 m 298.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 707.95 m 360.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 707.95 m 364.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 707.95 m 426.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 707.95 m 430.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 707.95 m 492.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 707.95 m 496.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 707.95 m 558.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 707.95 m 294.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 694.95 m 294.5 694.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 707.95 m 360.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 694.95 m 360.5 694.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 707.95 m 426.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 694.95 m 426.5 694.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 707.95 m 492.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 694.95 m 492.5 694.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 707.95 m 496.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 694.95 m 496.5 694.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 707.95 m 558.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 694.95 m 558.5 694.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 627.95 m 294.5 627.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 627.95 m 360.5 627.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 627.95 m 426.5 627.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 627.95 m 492.5 627.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 627.95 m 496.5 627.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 627.95 m 558.5 627.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 627.95 m 492.5 627.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 557.95 m 294.5 557.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 557.95 m 360.5 557.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 557.95 m 426.5 557.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 557.95 m 492.5 557.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 557.95 m 496.5 557.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 557.95 m 558.5 557.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 557.95 m 492.5 557.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 232.5 240.95000000000005 m 294.5 240.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 298.5 240.95000000000005 m 360.5 240.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 364.5 240.95000000000005 m 426.5 240.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 430.5 240.95000000000005 m 492.5 240.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 240.95000000000005 m 558.5 240.95000000000005 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 712.20 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 699.20 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.00 699.18 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 321.00 699.18 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 387.00 699.18 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 453.00 699.18 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.20 699.18 Td (2011) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 53.00 686.20 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 672.68 Td (Statement of Income Data:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 658.52 Td (Advisory revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.00 657.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.75 657.62 Td (260.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 657.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.75 657.62 Td (280.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 657.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 657.62 Td (287.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 657.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.75 657.62 Td (291.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 657.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 657.62 Td (302.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 643.52 Td (Investment revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.80 632.62 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.45 632.62 Td (\(5.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.30 632.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 632.62 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.45 632.62 Td (\(6.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.30 632.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.80 632.67 Td (\(8.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 632.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 618.52 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.75 617.62 Td (261.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.75 617.62 Td (275.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 617.62 Td (287.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.75 617.62 Td (285.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 617.62 Td (294.0) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 71.00 603.51 Td (% change from prior year) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 273.95 602.66 Td (\(5) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 282.30 602.66 Td (\)%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 339.95 602.66 Td (\(4) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 348.30 602.66 Td (\)%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 412.65 602.66 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 417.65 602.66 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 471.95 602.66 Td (\(3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 480.30 602.66 Td (\)%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 544.65 602.66 Td (6) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 549.65 602.66 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 587.62 Td (Employee compensation and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.50 577.62 Td (expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.75 577.62 Td (147.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.75 577.62 Td (147.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 577.62 Td (155.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.75 577.62 Td (151.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 577.62 Td (162.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 563.52 Td (Non-compensation expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.80 562.62 Td (71.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 562.62 Td (60.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 562.62 Td (60.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 562.62 Td (62.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 562.62 Td (62.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 548.52 Td (Income before taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.80 547.62 Td (43.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 547.62 Td (67.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 547.62 Td (71.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 547.62 Td (70.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 547.62 Td (68.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.00 533.52 Td (Provision for taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.80 532.62 Td (17.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 532.62 Td (24.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 532.62 Td (24.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 532.62 Td (28.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 532.62 Td (24.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 518.52 Td (Net income allocated to common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 508.52 Td (stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.80 507.62 Td (25.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 507.62 Td (43.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 507.62 Td (46.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 507.62 Td (42.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 507.62 Td (44.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 493.52 Td (Diluted average shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.25 492.62 Td (31,200,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.25 492.62 Td (30,357,691) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.60 492.62 Td (30,160,669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.25 492.62 Td (30,561,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.60 492.62 Td (31,034,817) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 478.52 Td (Diluted earnings per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.80 477.62 Td (0.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 477.62 Td (1.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 477.62 Td (1.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 477.62 Td (1.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 477.62 Td (1.44) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 463.68 Td (Balance Sheet Data:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 449.52 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.00 448.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.75 448.62 Td (423.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 448.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.75 448.62 Td (337.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 448.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 448.62 Td (353.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 448.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.75 448.62 Td (387.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 448.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 448.62 Td (460.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 434.52 Td (Total liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.75 433.62 Td (139.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 433.62 Td (81.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 433.62 Td (75.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 433.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 433.62 Td (83.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 433.62 Td (113.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 419.52 Td (Stockholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.75 418.62 Td (283.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.75 418.62 Td (255.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 418.62 Td (276.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 418.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.75 418.62 Td (302.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 418.62 Td (346.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 404.52 Td (Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.80 403.62 Td (0.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.80 403.62 Td (0.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 403.62 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 403.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 403.62 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.15 403.62 Td (1.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 389.52 Td (Total equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.75 388.62 Td (284.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.75 388.62 Td (256.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.15 388.62 Td (277.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.75 388.62 Td (303.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.15 388.62 Td (347.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 374.52 Td (Dividends declared per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.80 373.62 Td (1.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.80 373.62 Td (1.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 373.62 Td (1.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 373.62 Td (1.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.15 373.62 Td (1.80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 359.68 Td (Selected Data and Ratios \(unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 346.52 Td (Income before taxes as a percentage of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 336.52 Td (revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.30 335.62 Td (17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 335.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.65 335.62 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 335.62 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.65 335.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 335.62 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 335.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 335.62 Td (23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 320.62 Td (Revenues per employee ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 161.02 325.15 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.00 320.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.30 320.62 Td (799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 320.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.30 320.62 Td (882) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.00 320.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 320.62 Td (893) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 320.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 320.62 Td (891) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 320.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 320.62 Td (920) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 305.62 Td (Employees at year) Tj ET Q q 0 0 0 rg BT 136.66 305.62 Td (-end ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 156.93 310.15 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 291.52 Td (Americas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.30 290.62 Td (203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.30 290.62 Td (165) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 290.62 Td (176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 290.62 Td (179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 290.62 Td (174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 276.52 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.30 275.62 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.30 275.62 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 275.62 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 275.62 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 275.62 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 261.52 Td (Asia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.30 260.62 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.30 260.62 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 260.62 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 260.62 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 260.62 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 246.52 Td (Australia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.30 245.62 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.30 245.62 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.65 245.62 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 245.62 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.65 245.62 Td (47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 231.52 Td (Total employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.30 230.62 Td (350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.30 230.62 Td (305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 230.62 Td (319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.30 230.62 Td (324) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.65 230.62 Td (316) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 203.95000000000005 m 561.5 203.95000000000005 l s BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.45 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 179.45 Td (T) Tj ET Q q 0 0 0 rg BT 77.91 179.45 Td (otal ) Tj ET Q q 0 0 0 rg BT 95.41 179.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 133.44 179.45 Td (divided ) Tj ET Q q 0 0 0 rg BT 165.94 179.45 Td (by ) Tj ET Q q 0 0 0 rg BT 178.44 179.45 Td (average ) Tj ET Q q 0 0 0 rg BT 212.02 179.45 Td (number ) Tj ET Q q 0 0 0 rg BT 245.07 179.45 Td (of ) Tj ET Q q 0 0 0 rg BT 255.90 179.45 Td (employees ) Tj ET Q q 0 0 0 rg BT 301.16 179.45 Td (\(including ) Tj ET Q q 0 0 0 rg BT 344.77 179.45 Td (managing ) Tj ET Q q 0 0 0 rg BT 386.70 179.45 Td (directors ) Tj ET Q q 0 0 0 rg BT 424.18 179.45 Td (and ) Tj ET Q q 0 0 0 rg BT 441.12 179.45 Td (senior ) Tj ET Q q 0 0 0 rg BT 468.06 179.45 Td (advisors\) ) Tj ET Q q 0 0 0 rg BT 507.22 179.45 Td (in ) Tj ET Q q 0 0 0 rg BT 517.50 179.45 Td (each ) Tj ET Q q 0 0 0 rg BT 538.32 179.45 Td (year) Tj ET Q q 0 0 0 rg BT 554.97 179.45 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.45 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 158.45 Td (Includes ) Tj ET Q q 0 0 0 rg BT 108.88 158.45 Td (our ) Tj ET Q q 0 0 0 rg BT 124.71 158.45 Td (managing ) Tj ET Q q 0 0 0 rg BT 166.64 158.45 Td (directors ) Tj ET Q q 0 0 0 rg BT 204.13 158.45 Td (and ) Tj ET Q q 0 0 0 rg BT 221.06 158.45 Td (senior ) Tj ET Q q 0 0 0 rg BT 248.00 158.45 Td (advisors.) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (25) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item7.Management) Tj ET Q q 0 0 0 rg BT 144.05 742.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 216.03 742.25 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 717.05 Td (Overview) Tj ET Q BT /F2 11.00 Tf ET q 0 0 0 rg BT 91.09 717.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 696.05 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 102.76 696.05 Td (is ) Tj ET Q q 0 0 0 rg BT 112.42 696.05 Td (a ) Tj ET Q q 0 0 0 rg BT 119.86 696.05 Td (leading ) Tj ET Q q 0 0 0 rg BT 152.29 696.05 Td (independent ) Tj ET Q q 0 0 0 rg BT 204.16 696.05 Td (investment ) Tj ET Q q 0 0 0 rg BT 251.03 696.05 Td (bank ) Tj ET Q q 0 0 0 rg BT 273.47 696.05 Td (that ) Tj ET Q q 0 0 0 rg BT 291.46 696.05 Td (provides ) Tj ET Q q 0 0 0 rg BT 328.89 696.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 366.87 696.05 Td (and ) Tj ET Q q 0 0 0 rg BT 384.30 696.05 Td (strategic ) Tj ET Q q 0 0 0 rg BT 421.17 696.05 Td (advice ) Tj ET Q q 0 0 0 rg BT 450.26 696.05 Td (on ) Tj ET Q q 0 0 0 rg BT 463.25 696.05 Td (significant ) Tj ET Q q 0 0 0 rg BT 508.46 696.05 Td (domestic ) Tj ET Q q 0 0 0 rg BT 547.56 696.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 684.05 Td (cross-border ) Tj ET Q q 0 0 0 rg BT 102.65 684.05 Td (mer) Tj ET Q q 0 0 0 rg BT 118.01 684.05 Td (gers ) Tj ET Q q 0 0 0 rg BT 137.34 684.05 Td (and ) Tj ET Q q 0 0 0 rg BT 154.44 684.05 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 207.38 684.05 Td (divestitures, ) Tj ET Q q 0 0 0 rg BT 258.65 684.05 Td (restructurings, ) Tj ET Q q 0 0 0 rg BT 318.80 684.05 Td (financings, ) Tj ET Q q 0 0 0 rg BT 365.63 684.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 394.94 684.05 Td (raising ) Tj ET Q q 0 0 0 rg BT 424.82 684.05 Td (and ) Tj ET Q q 0 0 0 rg BT 441.93 684.05 Td (other ) Tj ET Q q 0 0 0 rg BT 465.14 684.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 515.57 684.05 Td (to ) Tj ET Q q 0 0 0 rg BT 526.02 684.05 Td (a ) Tj ET Q q 0 0 0 rg BT 533.12 684.05 Td (diverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 672.05 Td (client ) Tj ET Q q 0 0 0 rg BT 75.99 672.05 Td (base, ) Tj ET Q q 0 0 0 rg BT 100.04 672.05 Td (including ) Tj ET Q q 0 0 0 rg BT 141.60 672.05 Td (corporations, ) Tj ET Q q 0 0 0 rg BT 197.87 672.05 Td (partnerships, ) Tj ET Q q 0 0 0 rg BT 253.03 672.05 Td (institutions ) Tj ET Q q 0 0 0 rg BT 301.26 672.05 Td (and ) Tj ET Q q 0 0 0 rg BT 319.48 672.05 Td (governments. ) Tj ET Q q 0 0 0 rg BT 377.42 672.05 Td ( ) Tj ET Q q 0 0 0 rg BT 380.93 672.05 Td (W) Tj ET Q q 0 0 0 rg BT 389.57 672.05 Td (e ) Tj ET Q q 0 0 0 rg BT 397.79 672.05 Td (serve ) Tj ET Q q 0 0 0 rg BT 422.67 672.05 Td (as ) Tj ET Q q 0 0 0 rg BT 434.78 672.05 Td (a ) Tj ET Q q 0 0 0 rg BT 443.00 672.05 Td (trusted ) Tj ET Q q 0 0 0 rg BT 474.00 672.05 Td (advisor ) Tj ET Q q 0 0 0 rg BT 507.22 672.05 Td (to ) Tj ET Q q 0 0 0 rg BT 518.78 672.05 Td (our ) Tj ET Q q 0 0 0 rg BT 535.89 672.05 Td (clients ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 660.05 Td (throughout ) Tj ET Q q 0 0 0 rg BT 96.69 660.05 Td (the ) Tj ET Q q 0 0 0 rg BT 111.72 660.05 Td (world ) Tj ET Q q 0 0 0 rg BT 137.85 660.05 Td (from ) Tj ET Q q 0 0 0 rg BT 160.10 660.05 Td (our ) Tj ET Q q 0 0 0 rg BT 176.24 660.05 Td (of) Tj ET Q q 0 0 0 rg BT 184.38 660.05 Td (fices ) Tj ET Q q 0 0 0 rg BT 206.07 660.05 Td (in ) Tj ET Q q 0 0 0 rg BT 216.65 660.05 Td (the ) Tj ET Q q 0 0 0 rg BT 231.68 660.05 Td (United ) Tj ET Q q 0 0 0 rg BT 261.70 660.05 Td (States, ) Tj ET Q q 0 0 0 rg BT 290.89 660.05 Td (United ) Tj ET Q q 0 0 0 rg BT 320.92 660.05 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 364.00 660.05 Td (Germany) Tj ET Q q 0 0 0 rg BT 400.56 660.05 Td (, ) Tj ET Q q 0 0 0 rg BT 405.87 660.05 Td (Sweden, ) Tj ET Q q 0 0 0 rg BT 442.21 660.05 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 484.18 660.05 Td (Japan, ) Tj ET Q q 0 0 0 rg BT 512.25 660.05 Td (Hong ) Tj ET Q q 0 0 0 rg BT 537.28 660.05 Td (Kong, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 648.05 Td (Singapore, ) Tj ET Q q 0 0 0 rg BT 95.55 648.05 Td (Canada ) Tj ET Q q 0 0 0 rg BT 128.03 648.05 Td (and ) Tj ET Q q 0 0 0 rg BT 144.97 648.05 Td (Brazil.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 627.05 Td (Substantially ) Tj ET Q q 0 0 0 rg BT 117.10 627.05 Td (all ) Tj ET Q q 0 0 0 rg BT 129.98 627.05 Td (of ) Tj ET Q q 0 0 0 rg BT 141.20 627.05 Td (our ) Tj ET Q q 0 0 0 rg BT 157.41 627.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 195.83 627.05 Td (are ) Tj ET Q q 0 0 0 rg BT 210.92 627.05 Td (derived ) Tj ET Q q 0 0 0 rg BT 243.79 627.05 Td (from ) Tj ET Q q 0 0 0 rg BT 266.11 627.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 285.09 627.05 Td (paid ) Tj ET Q q 0 0 0 rg BT 305.19 627.05 Td (for ) Tj ET Q q 0 0 0 rg BT 319.74 627.05 Td (our ) Tj ET Q q 0 0 0 rg BT 335.95 627.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 373.27 627.05 Td (services, ) Tj ET Q q 0 0 0 rg BT 410.86 627.05 Td (and ) Tj ET Q q 0 0 0 rg BT 428.18 627.05 Td (are ) Tj ET Q q 0 0 0 rg BT 443.27 627.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 483.37 627.05 Td (driven ) Tj ET Q q 0 0 0 rg BT 511.80 627.05 Td (by ) Tj ET Q q 0 0 0 rg BT 524.68 627.05 Td (total ) Tj ET Q q 0 0 0 rg BT 545.34 627.05 Td (deal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 615.05 Td (volume, ) Tj ET Q q 0 0 0 rg BT 84.88 615.05 Td (the ) Tj ET Q q 0 0 0 rg BT 99.48 615.05 Td (number ) Tj ET Q q 0 0 0 rg BT 132.41 615.05 Td (of ) Tj ET Q q 0 0 0 rg BT 143.12 615.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 193.27 615.05 Td (and ) Tj ET Q q 0 0 0 rg BT 210.09 615.05 Td (the ) Tj ET Q q 0 0 0 rg BT 224.69 615.05 Td (size ) Tj ET Q q 0 0 0 rg BT 242.62 615.05 Td (of ) Tj ET Q q 0 0 0 rg BT 253.33 615.05 Td (individual ) Tj ET Q q 0 0 0 rg BT 296.26 615.05 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 348.74 615.05 Td (While ) Tj ET Q q 0 0 0 rg BT 375.56 615.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 394.04 615.05 Td (payable ) Tj ET Q q 0 0 0 rg BT 427.51 615.05 Td (upon ) Tj ET Q q 0 0 0 rg BT 449.90 615.05 Td (the ) Tj ET Q q 0 0 0 rg BT 464.50 615.05 Td (successful ) Tj ET Q q 0 0 0 rg BT 507.98 615.05 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 553.69 615.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 603.05 Td (a ) Tj ET Q q 0 0 0 rg BT 56.99 603.05 Td (transaction ) Tj ET Q q 0 0 0 rg BT 103.41 603.05 Td (generally ) Tj ET Q q 0 0 0 rg BT 143.17 603.05 Td (represent ) Tj ET Q q 0 0 0 rg BT 182.36 603.05 Td (the ) Tj ET Q q 0 0 0 rg BT 197.13 603.05 Td (lar) Tj ET Q q 0 0 0 rg BT 207.50 603.05 Td (gest ) Tj ET Q q 0 0 0 rg BT 226.16 603.05 Td (portion ) Tj ET Q q 0 0 0 rg BT 257.60 603.05 Td (of ) Tj ET Q q 0 0 0 rg BT 268.48 603.05 Td (our ) Tj ET Q q 0 0 0 rg BT 284.36 603.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 321.35 603.05 Td (fees, ) Tj ET Q q 0 0 0 rg BT 342.50 603.05 Td (we ) Tj ET Q q 0 0 0 rg BT 356.71 603.05 Td (also ) Tj ET Q q 0 0 0 rg BT 375.37 603.05 Td (earn ) Tj ET Q q 0 0 0 rg BT 395.13 603.05 Td (on-going ) Tj ET Q q 0 0 0 rg BT 433.79 603.05 Td (retainer ) Tj ET Q q 0 0 0 rg BT 466.87 603.05 Td (fees, ) Tj ET Q q 0 0 0 rg BT 488.02 603.05 Td (substantially ) Tj ET Q q 0 0 0 rg BT 541.12 603.05 Td (all ) Tj ET Q q 0 0 0 rg BT 553.67 603.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 591.05 Td (which ) Tj ET Q q 0 0 0 rg BT 76.50 591.05 Td (relate ) Tj ET Q q 0 0 0 rg BT 100.76 591.05 Td (to ) Tj ET Q q 0 0 0 rg BT 110.60 591.05 Td (non-success ) Tj ET Q q 0 0 0 rg BT 160.99 591.05 Td (based ) Tj ET Q q 0 0 0 rg BT 185.82 591.05 Td (strategic ) Tj ET Q q 0 0 0 rg BT 221.75 591.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 258.25 591.05 Td (and ) Tj ET Q q 0 0 0 rg BT 274.75 591.05 Td (financing ) Tj ET Q q 0 0 0 rg BT 314.58 591.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 351.08 591.05 Td (and ) Tj ET Q q 0 0 0 rg BT 367.58 591.05 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 420.74 591.05 Td (assignments, ) Tj ET Q q 0 0 0 rg BT 474.18 591.05 Td (and ) Tj ET Q q 0 0 0 rg BT 490.68 591.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 508.85 591.05 Td (payable ) Tj ET Q q 0 0 0 rg BT 542.00 591.05 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 579.05 Td (the ) Tj ET Q q 0 0 0 rg BT 64.70 579.05 Td (commencement ) Tj ET Q q 0 0 0 rg BT 130.49 579.05 Td (of ) Tj ET Q q 0 0 0 rg BT 141.30 579.05 Td (an ) Tj ET Q q 0 0 0 rg BT 153.22 579.05 Td (engagement ) Tj ET Q q 0 0 0 rg BT 204.02 579.05 Td (or ) Tj ET Q q 0 0 0 rg BT 214.83 579.05 Td (upon ) Tj ET Q q 0 0 0 rg BT 237.31 579.05 Td (the ) Tj ET Q q 0 0 0 rg BT 252.01 579.05 Td (achievement ) Tj ET Q q 0 0 0 rg BT 305.02 579.05 Td (of ) Tj ET Q q 0 0 0 rg BT 315.83 579.05 Td (certain ) Tj ET Q q 0 0 0 rg BT 345.52 579.05 Td (milestones, ) Tj ET Q q 0 0 0 rg BT 393.28 579.05 Td (such ) Tj ET Q q 0 0 0 rg BT 414.09 579.05 Td (as ) Tj ET Q q 0 0 0 rg BT 424.90 579.05 Td (the ) Tj ET Q q 0 0 0 rg BT 439.60 579.05 Td (announcement ) Tj ET Q q 0 0 0 rg BT 500.40 579.05 Td (of ) Tj ET Q q 0 0 0 rg BT 511.21 579.05 Td (a ) Tj ET Q q 0 0 0 rg BT 518.13 579.05 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 567.05 Td (or ) Tj ET Q q 0 0 0 rg BT 60.86 567.05 Td (the ) Tj ET Q q 0 0 0 rg BT 75.61 567.05 Td (rendering ) Tj ET Q q 0 0 0 rg BT 116.46 567.05 Td (of ) Tj ET Q q 0 0 0 rg BT 127.32 567.05 Td (a ) Tj ET Q q 0 0 0 rg BT 134.29 567.05 Td (fairness ) Tj ET Q q 0 0 0 rg BT 167.92 567.05 Td (opinion. ) Tj ET Q q 0 0 0 rg BT 203.51 567.05 Td ( ) Tj ET Q q 0 0 0 rg BT 205.48 567.05 Td (Additionally) Tj ET Q q 0 0 0 rg BT 255.38 567.05 Td (, ) Tj ET Q q 0 0 0 rg BT 260.42 567.05 Td (in ) Tj ET Q q 0 0 0 rg BT 270.73 567.05 Td (our ) Tj ET Q q 0 0 0 rg BT 286.59 567.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 315.77 567.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 352.74 567.05 Td (engagements, ) Tj ET Q q 0 0 0 rg BT 409.97 567.05 Td (revenues ) Tj ET Q q 0 0 0 rg BT 448.04 567.05 Td (are ) Tj ET Q q 0 0 0 rg BT 462.78 567.05 Td (driven ) Tj ET Q q 0 0 0 rg BT 490.86 567.05 Td (in ) Tj ET Q q 0 0 0 rg BT 501.17 567.05 Td (primary ) Tj ET Q q 0 0 0 rg BT 535.36 567.05 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 555.05 Td (raising ) Tj ET Q q 0 0 0 rg BT 79.08 555.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 128.72 555.05 Td (lar) Tj ET Q q 0 0 0 rg BT 139.08 555.05 Td (gely ) Tj ET Q q 0 0 0 rg BT 158.17 555.05 Td (by ) Tj ET Q q 0 0 0 rg BT 170.03 555.05 Td (the ) Tj ET Q q 0 0 0 rg BT 184.12 555.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 215.98 555.05 Td (of ) Tj ET Q q 0 0 0 rg BT 226.18 555.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 254.70 555.05 Td (raised ) Tj ET Q q 0 0 0 rg BT 280.44 555.05 Td (and ) Tj ET Q q 0 0 0 rg BT 296.75 555.05 Td (in ) Tj ET Q q 0 0 0 rg BT 306.39 555.05 Td (secondary ) Tj ET Q q 0 0 0 rg BT 348.80 555.05 Td (sale ) Tj ET Q q 0 0 0 rg BT 366.21 555.05 Td (transactions ) Tj ET Q q 0 0 0 rg BT 415.84 555.05 Td (primarily ) Tj ET Q q 0 0 0 rg BT 454.92 555.05 Td (by ) Tj ET Q q 0 0 0 rg BT 466.79 555.05 Td (the ) Tj ET Q q 0 0 0 rg BT 480.88 555.05 Td (value ) Tj ET Q q 0 0 0 rg BT 504.40 555.05 Td (of ) Tj ET Q q 0 0 0 rg BT 514.60 555.05 Td (the ) Tj ET Q q 0 0 0 rg BT 528.68 555.05 Td (interests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 543.05 Td (transferred. ) Tj ET Q q 0 0 0 rg BT 97.90 543.05 Td ( ) Tj ET Q q 0 0 0 rg BT 99.85 543.05 Td (W) Tj ET Q q 0 0 0 rg BT 108.48 543.05 Td (e ) Tj ET Q q 0 0 0 rg BT 115.02 543.05 Td (generally ) Tj ET Q q 0 0 0 rg BT 154.32 543.05 Td (earn ) Tj ET Q q 0 0 0 rg BT 173.62 543.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 210.15 543.05 Td (fees ) Tj ET Q q 0 0 0 rg BT 228.35 543.05 Td (based ) Tj ET Q q 0 0 0 rg BT 253.21 543.05 Td (upon ) Tj ET Q q 0 0 0 rg BT 275.31 543.05 Td (a ) Tj ET Q q 0 0 0 rg BT 281.85 543.05 Td (percentage ) Tj ET Q q 0 0 0 rg BT 327.24 543.05 Td (of ) Tj ET Q q 0 0 0 rg BT 337.67 543.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 366.42 543.05 Td (committed ) Tj ET Q q 0 0 0 rg BT 411.28 543.05 Td (to ) Tj ET Q q 0 0 0 rg BT 421.15 543.05 Td (the ) Tj ET Q q 0 0 0 rg BT 435.47 543.05 Td (fund ) Tj ET Q q 0 0 0 rg BT 455.89 543.05 Td (at ) Tj ET Q q 0 0 0 rg BT 465.21 543.05 Td (each ) Tj ET Q q 0 0 0 rg BT 485.62 543.05 Td (interim ) Tj ET Q q 0 0 0 rg BT 516.60 543.05 Td (closing ) Tj ET Q q 0 0 0 rg BT 547.58 543.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 531.05 Td (at ) Tj ET Q q 0 0 0 rg BT 59.72 531.05 Td (the ) Tj ET Q q 0 0 0 rg BT 74.43 531.05 Td (final ) Tj ET Q q 0 0 0 rg BT 95.26 531.05 Td (closing ) Tj ET Q q 0 0 0 rg BT 126.65 531.05 Td (for ) Tj ET Q q 0 0 0 rg BT 140.81 531.05 Td (the ) Tj ET Q q 0 0 0 rg BT 155.52 531.05 Td (amount ) Tj ET Q q 0 0 0 rg BT 188.02 531.05 Td (of ) Tj ET Q q 0 0 0 rg BT 198.85 531.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 228.00 531.05 Td (committed ) Tj ET Q q 0 0 0 rg BT 273.27 531.05 Td (since ) Tj ET Q q 0 0 0 rg BT 296.31 531.05 Td (the ) Tj ET Q q 0 0 0 rg BT 311.03 531.05 Td (last ) Tj ET Q q 0 0 0 rg BT 327.42 531.05 Td (interim ) Tj ET Q q 0 0 0 rg BT 358.80 531.05 Td (closing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 510.05 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 102.42 510.05 Td (was ) Tj ET Q q 0 0 0 rg BT 120.62 510.05 Td (established ) Tj ET Q q 0 0 0 rg BT 167.71 510.05 Td (in ) Tj ET Q q 0 0 0 rg BT 178.14 510.05 Td (1996 ) Tj ET Q q 0 0 0 rg BT 200.80 510.05 Td (by ) Tj ET Q q 0 0 0 rg BT 213.45 510.05 Td (Robert ) Tj ET Q q 0 0 0 rg BT 243.32 510.05 Td (F) Tj ET Q q 0 0 0 rg BT 248.08 510.05 Td (. ) Tj ET Q q 0 0 0 rg BT 253.24 510.05 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 296.15 510.05 Td (the ) Tj ET Q q 0 0 0 rg BT 311.02 510.05 Td (former ) Tj ET Q q 0 0 0 rg BT 340.88 510.05 Td (President ) Tj ET Q q 0 0 0 rg BT 380.75 510.05 Td (of ) Tj ET Q q 0 0 0 rg BT 391.74 510.05 Td (Mor) Tj ET Q q 0 0 0 rg BT 408.78 510.05 Td (gan ) Tj ET Q q 0 0 0 rg BT 425.87 510.05 Td (Stanley ) Tj ET Q q 0 0 0 rg BT 458.52 510.05 Td (and ) Tj ET Q q 0 0 0 rg BT 475.61 510.05 Td (former ) Tj ET Q q 0 0 0 rg BT 505.47 510.05 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 547.56 510.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.05 Td (Chief ) Tj ET Q q 0 0 0 rg BT 74.45 498.05 Td (Executive ) Tj ET Q q 0 0 0 rg BT 116.67 498.05 Td (Of) Tj ET Q q 0 0 0 rg BT 127.04 498.05 Td (ficer ) Tj ET Q q 0 0 0 rg BT 147.59 498.05 Td (of ) Tj ET Q q 0 0 0 rg BT 158.16 498.05 Td (Smith ) Tj ET Q q 0 0 0 rg BT 184.29 498.05 Td (Barney) Tj ET Q q 0 0 0 rg BT 212.51 498.05 Td (. ) Tj ET Q q 0 0 0 rg BT 217.25 498.05 Td (Since ) Tj ET Q q 0 0 0 rg BT 241.70 498.05 Td (our ) Tj ET Q q 0 0 0 rg BT 257.27 498.05 Td (founding, ) Tj ET Q q 0 0 0 rg BT 298.11 498.05 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 338.11 498.05 Td (has ) Tj ET Q q 0 0 0 rg BT 353.68 498.05 Td (grown ) Tj ET Q q 0 0 0 rg BT 381.46 498.05 Td (by ) Tj ET Q q 0 0 0 rg BT 393.70 498.05 Td (recruiting ) Tj ET Q q 0 0 0 rg BT 434.81 498.05 Td (talented ) Tj ET Q q 0 0 0 rg BT 468.69 498.05 Td (managing ) Tj ET Q q 0 0 0 rg BT 510.36 498.05 Td (directors ) Tj ET Q q 0 0 0 rg BT 547.58 498.05 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.05 Td (other ) Tj ET Q q 0 0 0 rg BT 75.67 486.05 Td (senior ) Tj ET Q q 0 0 0 rg BT 105.22 486.05 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 165.61 486.05 Td (by ) Tj ET Q q 0 0 0 rg BT 180.73 486.05 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 223.61 486.05 Td (complementary ) Tj ET Q q 0 0 0 rg BT 290.93 486.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 330.49 486.05 Td (businesses ) Tj ET Q q 0 0 0 rg BT 377.83 486.05 Td (and ) Tj ET Q q 0 0 0 rg BT 397.39 486.05 Td (by ) Tj ET Q q 0 0 0 rg BT 412.50 486.05 Td (training, ) Tj ET Q q 0 0 0 rg BT 451.23 486.05 Td (developing ) Tj ET Q q 0 0 0 rg BT 500.78 486.05 Td (and ) Tj ET Q q 0 0 0 rg BT 520.34 486.05 Td (promoting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.05 Td (professionals ) Tj ET Q q 0 0 0 rg BT 105.29 474.05 Td (internally) Tj ET Q q 0 0 0 rg BT 142.96 474.05 Td (. ) Tj ET Q q 0 0 0 rg BT 147.99 474.05 Td ( ) Tj ET Q q 0 0 0 rg BT 150.33 474.05 Td (W) Tj ET Q q 0 0 0 rg BT 158.97 474.05 Td (e ) Tj ET Q q 0 0 0 rg BT 165.93 474.05 Td (have ) Tj ET Q q 0 0 0 rg BT 187.33 474.05 Td (expanded ) Tj ET Q q 0 0 0 rg BT 228.17 474.05 Td (beyond ) Tj ET Q q 0 0 0 rg BT 260.13 474.05 Td (mer) Tj ET Q q 0 0 0 rg BT 275.50 474.05 Td (ger ) Tj ET Q q 0 0 0 rg BT 290.79 474.05 Td (and ) Tj ET Q q 0 0 0 rg BT 307.76 474.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 354.16 474.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 391.13 474.05 Td (services ) Tj ET Q q 0 0 0 rg BT 425.86 474.05 Td (to ) Tj ET Q q 0 0 0 rg BT 436.16 474.05 Td (include ) Tj ET Q q 0 0 0 rg BT 468.12 474.05 Td (financing, ) Tj ET Q q 0 0 0 rg BT 510.91 474.05 Td (restructuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.05 Td (and ) Tj ET Q q 0 0 0 rg BT 66.51 462.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 95.24 462.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 131.75 462.05 Td (services, ) Tj ET Q q 0 0 0 rg BT 168.53 462.05 Td (and ) Tj ET Q q 0 0 0 rg BT 185.04 462.05 Td (we ) Tj ET Q q 0 0 0 rg BT 198.78 462.05 Td (have ) Tj ET Q q 0 0 0 rg BT 219.73 462.05 Td (expanded ) Tj ET Q q 0 0 0 rg BT 260.12 462.05 Td (the ) Tj ET Q q 0 0 0 rg BT 274.41 462.05 Td (breadth ) Tj ET Q q 0 0 0 rg BT 306.47 462.05 Td (of ) Tj ET Q q 0 0 0 rg BT 316.87 462.05 Td (our ) Tj ET Q q 0 0 0 rg BT 332.28 462.05 Td (sector ) Tj ET Q q 0 0 0 rg BT 358.23 462.05 Td (expertise ) Tj ET Q q 0 0 0 rg BT 396.40 462.05 Td (to ) Tj ET Q q 0 0 0 rg BT 406.25 462.05 Td (cover ) Tj ET Q q 0 0 0 rg BT 430.53 462.05 Td (substantially ) Tj ET Q q 0 0 0 rg BT 483.16 462.05 Td (all ) Tj ET Q q 0 0 0 rg BT 495.23 462.05 Td (major ) Tj ET Q q 0 0 0 rg BT 520.63 462.05 Td (industries. ) Tj ET Q q 0 0 0 rg BT 564.51 462.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.05 Td (Since ) Tj ET Q q 0 0 0 rg BT 74.72 450.05 Td (the ) Tj ET Q q 0 0 0 rg BT 89.43 450.05 Td (opening ) Tj ET Q q 0 0 0 rg BT 124.15 450.05 Td (of ) Tj ET Q q 0 0 0 rg BT 134.98 450.05 Td (our ) Tj ET Q q 0 0 0 rg BT 150.81 450.05 Td (original ) Tj ET Q q 0 0 0 rg BT 184.41 450.05 Td (of) Tj ET Q q 0 0 0 rg BT 192.56 450.05 Td (fice ) Tj ET Q q 0 0 0 rg BT 210.05 450.05 Td (in ) Tj ET Q q 0 0 0 rg BT 220.33 450.05 Td (New ) Tj ET Q q 0 0 0 rg BT 241.34 450.05 Td (Y) Tj ET Q q 0 0 0 rg BT 247.56 450.05 Td (ork, ) Tj ET Q q 0 0 0 rg BT 265.89 450.05 Td (we ) Tj ET Q q 0 0 0 rg BT 280.05 450.05 Td (have ) Tj ET Q q 0 0 0 rg BT 301.43 450.05 Td (expanded ) Tj ET Q q 0 0 0 rg BT 342.24 450.05 Td (globally ) Tj ET Q q 0 0 0 rg BT 377.51 450.05 Td (to ) Tj ET Q q 0 0 0 rg BT 387.79 450.05 Td (15 ) Tj ET Q q 0 0 0 rg BT 400.29 450.05 Td (of) Tj ET Q q 0 0 0 rg BT 408.44 450.05 Td (fices ) Tj ET Q q 0 0 0 rg BT 429.82 450.05 Td (across ) Tj ET Q q 0 0 0 rg BT 457.31 450.05 Td (five ) Tj ET Q q 0 0 0 rg BT 475.36 450.05 Td (continents.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 429.05 Td (Over ) Tj ET Q q 0 0 0 rg BT 85.41 429.05 Td (our ) Tj ET Q q 0 0 0 rg BT 102.17 429.05 Td (20 ) Tj ET Q q 0 0 0 rg BT 115.59 429.05 Td (years ) Tj ET Q q 0 0 0 rg BT 140.11 429.05 Td (as ) Tj ET Q q 0 0 0 rg BT 151.86 429.05 Td (an ) Tj ET Q q 0 0 0 rg BT 164.72 429.05 Td (independent ) Tj ET Q q 0 0 0 rg BT 217.02 429.05 Td (investment ) Tj ET Q q 0 0 0 rg BT 264.32 429.05 Td (banking ) Tj ET Q q 0 0 0 rg BT 299.96 429.05 Td (firm, ) Tj ET Q q 0 0 0 rg BT 323.10 429.05 Td (we ) Tj ET Q q 0 0 0 rg BT 338.19 429.05 Td (have ) Tj ET Q q 0 0 0 rg BT 360.49 429.05 Td (sought ) Tj ET Q q 0 0 0 rg BT 390.58 429.05 Td (to ) Tj ET Q q 0 0 0 rg BT 401.78 429.05 Td (opportunistically ) Tj ET Q q 0 0 0 rg BT 472.97 429.05 Td (recruit ) Tj ET Q q 0 0 0 rg BT 502.49 429.05 Td (new ) Tj ET Q q 0 0 0 rg BT 522.57 429.05 Td (managing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.05 Td (directors ) Tj ET Q q 0 0 0 rg BT 87.51 417.05 Td (with ) Tj ET Q q 0 0 0 rg BT 107.82 417.05 Td (a ) Tj ET Q q 0 0 0 rg BT 114.79 417.05 Td (range ) Tj ET Q q 0 0 0 rg BT 139.52 417.05 Td (of ) Tj ET Q q 0 0 0 rg BT 150.38 417.05 Td (industry ) Tj ET Q q 0 0 0 rg BT 185.69 417.05 Td (and ) Tj ET Q q 0 0 0 rg BT 202.65 417.05 Td (transaction ) Tj ET Q q 0 0 0 rg BT 249.05 417.05 Td (specialties, ) Tj ET Q q 0 0 0 rg BT 295.73 417.05 Td (as ) Tj ET Q q 0 0 0 rg BT 306.59 417.05 Td (well ) Tj ET Q q 0 0 0 rg BT 326.34 417.05 Td (as ) Tj ET Q q 0 0 0 rg BT 337.20 417.05 Td (high-level ) Tj ET Q q 0 0 0 rg BT 380.27 417.05 Td (corporate ) Tj ET Q q 0 0 0 rg BT 420.55 417.05 Td (and ) Tj ET Q q 0 0 0 rg BT 437.51 417.05 Td (other ) Tj ET Q q 0 0 0 rg BT 460.59 417.05 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 516.72 417.05 Td (from ) Tj ET Q q 0 0 0 rg BT 538.69 417.05 Td (major ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.05 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.94 405.05 Td (banks, ) Tj ET Q q 0 0 0 rg BT 125.83 405.05 Td (independent ) Tj ET Q q 0 0 0 rg BT 177.77 405.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 215.81 405.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 253.31 405.05 Td (firms ) Tj ET Q q 0 0 0 rg BT 277.48 405.05 Td (and ) Tj ET Q q 0 0 0 rg BT 294.98 405.05 Td (other ) Tj ET Q q 0 0 0 rg BT 318.59 405.05 Td (institutions. ) Tj ET Q q 0 0 0 rg BT 368.60 405.05 Td ( ) Tj ET Q q 0 0 0 rg BT 371.44 405.05 Td (W) Tj ET Q q 0 0 0 rg BT 380.08 405.05 Td (e ) Tj ET Q q 0 0 0 rg BT 387.58 405.05 Td (also ) Tj ET Q q 0 0 0 rg BT 406.75 405.05 Td (have ) Tj ET Q q 0 0 0 rg BT 428.69 405.05 Td (sought ) Tj ET Q q 0 0 0 rg BT 458.42 405.05 Td (to ) Tj ET Q q 0 0 0 rg BT 469.26 405.05 Td (expand ) Tj ET Q q 0 0 0 rg BT 501.20 405.05 Td (our ) Tj ET Q q 0 0 0 rg BT 517.59 405.05 Td (geographic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 393.05 Td (reach ) Tj ET Q q 0 0 0 rg BT 73.65 393.05 Td (both ) Tj ET Q q 0 0 0 rg BT 93.43 393.05 Td (through ) Tj ET Q q 0 0 0 rg BT 126.55 393.05 Td (recruiting ) Tj ET Q q 0 0 0 rg BT 167.42 393.05 Td (managing ) Tj ET Q q 0 0 0 rg BT 208.86 393.05 Td (directors ) Tj ET Q q 0 0 0 rg BT 245.85 393.05 Td (in ) Tj ET Q q 0 0 0 rg BT 255.63 393.05 Td (new ) Tj ET Q q 0 0 0 rg BT 274.30 393.05 Td (locations ) Tj ET Q q 0 0 0 rg BT 312.40 393.05 Td (and ) Tj ET Q q 0 0 0 rg BT 328.85 393.05 Td (through ) Tj ET Q q 0 0 0 rg BT 361.96 393.05 Td (strategic ) Tj ET Q q 0 0 0 rg BT 397.84 393.05 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 450.11 393.05 Td (such ) Tj ET Q q 0 0 0 rg BT 470.45 393.05 Td (as ) Tj ET Q q 0 0 0 rg BT 480.78 393.05 Td (our ) Tj ET Q q 0 0 0 rg BT 496.12 393.05 Td (2006 ) Tj ET Q q 0 0 0 rg BT 518.12 393.05 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 381.05 Td (of ) Tj ET Q q 0 0 0 rg BT 61.23 381.05 Td (Beaufort ) Tj ET Q q 0 0 0 rg BT 99.12 381.05 Td (Partners ) Tj ET Q q 0 0 0 rg BT 134.79 381.05 Td (Limited ) Tj ET Q q 0 0 0 rg BT 169.36 381.05 Td (\(now ) Tj ET Q q 0 0 0 rg BT 192.81 381.05 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 233.48 381.05 Td (Canada\) ) Tj ET Q q 0 0 0 rg BT 269.69 381.05 Td (in ) Tj ET Q q 0 0 0 rg BT 280.38 381.05 Td (Canada ) Tj ET Q q 0 0 0 rg BT 313.26 381.05 Td (and ) Tj ET Q q 0 0 0 rg BT 330.61 381.05 Td (our ) Tj ET Q q 0 0 0 rg BT 346.84 381.05 Td (2010 ) Tj ET Q q 0 0 0 rg BT 369.74 381.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 416.53 381.05 Td (of ) Tj ET Q q 0 0 0 rg BT 427.76 381.05 Td (Caliburn ) Tj ET Q q 0 0 0 rg BT 465.66 381.05 Td (Partnership ) Tj ET Q q 0 0 0 rg BT 514.11 381.05 Td (Pty ) Tj ET Q q 0 0 0 rg BT 530.35 381.05 Td (Limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 369.05 Td (\(now ) Tj ET Q q 0 0 0 rg BT 73.27 369.05 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 113.16 369.05 Td (Australia\) ) Tj ET Q q 0 0 0 rg BT 155.87 369.05 Td (in ) Tj ET Q q 0 0 0 rg BT 165.77 369.05 Td (Australia. ) Tj ET Q q 0 0 0 rg BT 207.64 369.05 Td ( ) Tj ET Q q 0 0 0 rg BT 209.77 369.05 Td (Additionally) Tj ET Q q 0 0 0 rg BT 259.67 369.05 Td (, ) Tj ET Q q 0 0 0 rg BT 264.89 369.05 Td (we ) Tj ET Q q 0 0 0 rg BT 279.27 369.05 Td (expanded ) Tj ET Q q 0 0 0 rg BT 320.31 369.05 Td (the ) Tj ET Q q 0 0 0 rg BT 335.25 369.05 Td (breadth ) Tj ET Q q 0 0 0 rg BT 367.96 369.05 Td (of ) Tj ET Q q 0 0 0 rg BT 379.01 369.05 Td (our ) Tj ET Q q 0 0 0 rg BT 395.06 369.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 432.22 369.05 Td (services ) Tj ET Q q 0 0 0 rg BT 467.15 369.05 Td (through ) Tj ET Q q 0 0 0 rg BT 500.98 369.05 Td (the ) Tj ET Q q 0 0 0 rg BT 515.92 369.05 Td (recruitment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.05 Td (of ) Tj ET Q q 0 0 0 rg BT 60.48 357.05 Td (a ) Tj ET Q q 0 0 0 rg BT 67.07 357.05 Td (team ) Tj ET Q q 0 0 0 rg BT 88.65 357.05 Td (of ) Tj ET Q q 0 0 0 rg BT 99.14 357.05 Td (managing ) Tj ET Q q 0 0 0 rg BT 140.72 357.05 Td (directors ) Tj ET Q q 0 0 0 rg BT 177.86 357.05 Td (focused ) Tj ET Q q 0 0 0 rg BT 211.11 357.05 Td (on ) Tj ET Q q 0 0 0 rg BT 223.26 357.05 Td (real ) Tj ET Q q 0 0 0 rg BT 240.39 357.05 Td (estate ) Tj ET Q q 0 0 0 rg BT 265.31 357.05 Td (capital ) Tj ET Q q 0 0 0 rg BT 294.11 357.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 330.70 357.05 Td (services, ) Tj ET Q q 0 0 0 rg BT 367.56 357.05 Td (through ) Tj ET Q q 0 0 0 rg BT 400.82 357.05 Td (the ) Tj ET Q q 0 0 0 rg BT 415.18 357.05 Td (hiring ) Tj ET Q q 0 0 0 rg BT 441.22 357.05 Td (of ) Tj ET Q q 0 0 0 rg BT 451.70 357.05 Td (managing ) Tj ET Q q 0 0 0 rg BT 493.29 357.05 Td (directors ) Tj ET Q q 0 0 0 rg BT 530.42 357.05 Td (to ) Tj ET Q q 0 0 0 rg BT 540.35 357.05 Td (focus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 345.05 Td (on ) Tj ET Q q 0 0 0 rg BT 61.99 345.05 Td (financing ) Tj ET Q q 0 0 0 rg BT 101.74 345.05 Td (and ) Tj ET Q q 0 0 0 rg BT 118.16 345.05 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 171.25 345.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 207.67 345.05 Td (services, ) Tj ET Q q 0 0 0 rg BT 244.37 345.05 Td (and ) Tj ET Q q 0 0 0 rg BT 260.79 345.05 Td (through ) Tj ET Q q 0 0 0 rg BT 293.89 345.05 Td (our ) Tj ET Q q 0 0 0 rg BT 309.20 345.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 355.07 345.05 Td (in ) Tj ET Q q 0 0 0 rg BT 364.84 345.05 Td (2015 ) Tj ET Q q 0 0 0 rg BT 386.83 345.05 Td (of ) Tj ET Q q 0 0 0 rg BT 397.14 345.05 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 430.52 345.05 Td (which ) Tj ET Q q 0 0 0 rg BT 456.94 345.05 Td (provides ) Tj ET Q q 0 0 0 rg BT 493.37 345.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 529.79 345.05 Td (services ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 333.05 Td (related ) Tj ET Q q 0 0 0 rg BT 79.54 333.05 Td (to ) Tj ET Q q 0 0 0 rg BT 89.65 333.05 Td (the ) Tj ET Q q 0 0 0 rg BT 104.20 333.05 Td (secondary ) Tj ET Q q 0 0 0 rg BT 147.07 333.05 Td (fund ) Tj ET Q q 0 0 0 rg BT 167.73 333.05 Td (placement ) Tj ET Q q 0 0 0 rg BT 211.16 333.05 Td (market. ) Tj ET Q q 0 0 0 rg BT 243.75 333.05 Td ( ) Tj ET Q q 0 0 0 rg BT 245.92 333.05 Td (Through ) Tj ET Q q 0 0 0 rg BT 282.69 333.05 Td (our ) Tj ET Q q 0 0 0 rg BT 298.36 333.05 Td (recruiting ) Tj ET Q q 0 0 0 rg BT 339.56 333.05 Td (and ) Tj ET Q q 0 0 0 rg BT 356.34 333.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 402.55 333.05 Td (activity) Tj ET Q q 0 0 0 rg BT 431.89 333.05 Td (, ) Tj ET Q q 0 0 0 rg BT 436.73 333.05 Td (we ) Tj ET Q q 0 0 0 rg BT 450.72 333.05 Td (have ) Tj ET Q q 0 0 0 rg BT 471.93 333.05 Td (significantly ) Tj ET Q q 0 0 0 rg BT 524.26 333.05 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 321.05 Td (our ) Tj ET Q q 0 0 0 rg BT 65.28 321.05 Td (geographic ) Tj ET Q q 0 0 0 rg BT 111.65 321.05 Td (reach ) Tj ET Q q 0 0 0 rg BT 135.25 321.05 Td (by ) Tj ET Q q 0 0 0 rg BT 147.20 321.05 Td (adding ) Tj ET Q q 0 0 0 rg BT 176.36 321.05 Td (of) Tj ET Q q 0 0 0 rg BT 184.51 321.05 Td (fices ) Tj ET Q q 0 0 0 rg BT 205.34 321.05 Td (in ) Tj ET Q q 0 0 0 rg BT 215.07 321.05 Td (the ) Tj ET Q q 0 0 0 rg BT 229.24 321.05 Td (United ) Tj ET Q q 0 0 0 rg BT 258.40 321.05 Td (States, ) Tj ET Q q 0 0 0 rg BT 286.74 321.05 Td (United ) Tj ET Q q 0 0 0 rg BT 315.90 321.05 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 358.13 321.05 Td (Germany) Tj ET Q q 0 0 0 rg BT 394.69 321.05 Td (, ) Tj ET Q q 0 0 0 rg BT 399.14 321.05 Td (Canada, ) Tj ET Q q 0 0 0 rg BT 433.58 321.05 Td (Japan, ) Tj ET Q q 0 0 0 rg BT 460.36 321.05 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 501.47 321.05 Td (Sweden, ) Tj ET Q q 0 0 0 rg BT 537.58 321.05 Td (Brazil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 309.05 Td (and ) Tj ET Q q 0 0 0 rg BT 68.16 309.05 Td (Singapore. ) Tj ET Q q 0 0 0 rg BT 114.93 309.05 Td ( ) Tj ET Q q 0 0 0 rg BT 118.39 309.05 Td (W) Tj ET Q q 0 0 0 rg BT 127.02 309.05 Td (e ) Tj ET Q q 0 0 0 rg BT 135.19 309.05 Td (intend ) Tj ET Q q 0 0 0 rg BT 163.90 309.05 Td (to ) Tj ET Q q 0 0 0 rg BT 175.40 309.05 Td (continue ) Tj ET Q q 0 0 0 rg BT 213.56 309.05 Td (our ) Tj ET Q q 0 0 0 rg BT 230.61 309.05 Td (ef) Tj ET Q q 0 0 0 rg BT 238.20 309.05 Td (forts ) Tj ET Q q 0 0 0 rg BT 260.26 309.05 Td (to ) Tj ET Q q 0 0 0 rg BT 271.76 309.05 Td (recruit ) Tj ET Q q 0 0 0 rg BT 301.57 309.05 Td (new ) Tj ET Q q 0 0 0 rg BT 321.96 309.05 Td (managing ) Tj ET Q q 0 0 0 rg BT 365.11 309.05 Td (directors ) Tj ET Q q 0 0 0 rg BT 403.82 309.05 Td (with ) Tj ET Q q 0 0 0 rg BT 425.32 309.05 Td (industry ) Tj ET Q q 0 0 0 rg BT 461.83 309.05 Td (sector ) Tj ET Q q 0 0 0 rg BT 489.43 309.05 Td (experience ) Tj ET Q q 0 0 0 rg BT 536.45 309.05 Td (and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 297.05 Td (geographic ) Tj ET Q q 0 0 0 rg BT 97.39 297.05 Td (reach ) Tj ET Q q 0 0 0 rg BT 121.99 297.05 Td (who ) Tj ET Q q 0 0 0 rg BT 142.18 297.05 Td (can ) Tj ET Q q 0 0 0 rg BT 159.01 297.05 Td (help ) Tj ET Q q 0 0 0 rg BT 179.19 297.05 Td (expand ) Tj ET Q q 0 0 0 rg BT 211.03 297.05 Td (our ) Tj ET Q q 0 0 0 rg BT 227.32 297.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 264.72 297.05 Td (capabilities. ) Tj ET Q q 0 0 0 rg BT 315.72 297.05 Td ( ) Tj ET Q q 0 0 0 rg BT 318.47 297.05 Td (W) Tj ET Q q 0 0 0 rg BT 327.11 297.05 Td (e ) Tj ET Q q 0 0 0 rg BT 334.51 297.05 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.91 297.05 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.91 297.05 Td ( ) Tj ET Q q 0 0 0 rg BT 364.87 297.05 Td (client ) Tj ET Q q 0 0 0 rg BT 390.04 297.05 Td (facing ) Tj ET Q q 0 0 0 rg BT 417.99 297.05 Td (managing ) Tj ET Q q 0 0 0 rg BT 460.38 297.05 Td (directors ) Tj ET Q q 0 0 0 rg BT 498.33 297.05 Td (as ) Tj ET Q q 0 0 0 rg BT 509.62 297.05 Td (of ) Tj ET Q q 0 0 0 rg BT 520.91 297.05 Td (January1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 285.05 Td (2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 264.05 Td (In ) Tj ET Q q 0 0 0 rg BT 72.60 264.05 Td (2009, ) Tj ET Q q 0 0 0 rg BT 97.37 264.05 Td (we ) Tj ET Q q 0 0 0 rg BT 111.30 264.05 Td (sold ) Tj ET Q q 0 0 0 rg BT 130.24 264.05 Td (our ) Tj ET Q q 0 0 0 rg BT 145.84 264.05 Td (merchant ) Tj ET Q q 0 0 0 rg BT 185.31 264.05 Td (banking ) Tj ET Q q 0 0 0 rg BT 219.80 264.05 Td (business ) Tj ET Q q 0 0 0 rg BT 255.96 264.05 Td (to ) Tj ET Q q 0 0 0 rg BT 266.00 264.05 Td (focus ) Tj ET Q q 0 0 0 rg BT 289.93 264.05 Td (solely ) Tj ET Q q 0 0 0 rg BT 316.09 264.05 Td (our ) Tj ET Q q 0 0 0 rg BT 331.69 264.05 Td (investment ) Tj ET Q q 0 0 0 rg BT 377.84 264.05 Td (banking ) Tj ET Q q 0 0 0 rg BT 412.33 264.05 Td (advisory ) Tj ET Q q 0 0 0 rg BT 449.04 264.05 Td (services. ) Tj ET Q q 0 0 0 rg BT 486.01 264.05 Td ( ) Tj ET Q q 0 0 0 rg BT 488.28 264.05 Td (Since ) Tj ET Q q 0 0 0 rg BT 512.77 264.05 Td (that ) Tj ET Q q 0 0 0 rg BT 530.03 264.05 Td (sale, ) Tj ET Q q 0 0 0 rg BT 550.35 264.05 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 252.05 Td (have ) Tj ET Q q 0 0 0 rg BT 71.84 252.05 Td (sold ) Tj ET Q q 0 0 0 rg BT 91.48 252.05 Td (substantially ) Tj ET Q q 0 0 0 rg BT 145.00 252.05 Td (all ) Tj ET Q q 0 0 0 rg BT 157.96 252.05 Td (of ) Tj ET Q q 0 0 0 rg BT 169.26 252.05 Td (our ) Tj ET Q q 0 0 0 rg BT 185.55 252.05 Td (investments ) Tj ET Q q 0 0 0 rg BT 236.29 252.05 Td (in ) Tj ET Q q 0 0 0 rg BT 247.04 252.05 Td (previously ) Tj ET Q q 0 0 0 rg BT 292.22 252.05 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 335.74 252.05 Td (merchant ) Tj ET Q q 0 0 0 rg BT 375.91 252.05 Td (banking ) Tj ET Q q 0 0 0 rg BT 411.09 252.05 Td (funds ) Tj ET Q q 0 0 0 rg BT 436.28 252.05 Td (and ) Tj ET Q q 0 0 0 rg BT 453.68 252.05 Td (our ) Tj ET Q q 0 0 0 rg BT 469.98 252.05 Td (previous ) Tj ET Q q 0 0 0 rg BT 507.38 252.05 Td (investment ) Tj ET Q q 0 0 0 rg BT 554.23 252.05 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 240.05 Td (Iridium. ) Tj ET Q q 0 0 0 rg BT 85.02 240.05 Td ( ) Tj ET Q q 0 0 0 rg BT 86.99 240.05 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.51 240.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 158.12 240.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.12 240.05 Td (, ) Tj ET Q q 0 0 0 rg BT 183.14 240.05 Td (we ) Tj ET Q q 0 0 0 rg BT 197.33 240.05 Td (held ) Tj ET Q q 0 0 0 rg BT 217.07 240.05 Td (remaining ) Tj ET Q q 0 0 0 rg BT 260.14 240.05 Td (investments ) Tj ET Q q 0 0 0 rg BT 310.43 240.05 Td (in ) Tj ET Q q 0 0 0 rg BT 320.74 240.05 Td (merchant ) Tj ET Q q 0 0 0 rg BT 360.46 240.05 Td (banking ) Tj ET Q q 0 0 0 rg BT 395.20 240.05 Td (funds ) Tj ET Q q 0 0 0 rg BT 419.95 240.05 Td (with ) Tj ET Q q 0 0 0 rg BT 440.25 240.05 Td (an ) Tj ET Q q 0 0 0 rg BT 452.22 240.05 Td (estimated ) Tj ET Q q 0 0 0 rg BT 493.06 240.05 Td (fair ) Tj ET Q q 0 0 0 rg BT 509.46 240.05 Td (value ) Tj ET Q q 0 0 0 rg BT 533.64 240.05 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.50 240.05 Td ($3.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 228.05 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 228.05 Td (. ) Tj ET Q q 0 0 0 rg BT 83.89 228.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.00 207.05 Td (Our ) Tj ET Q q 0 0 0 rg BT 81.36 207.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 119.15 207.05 Td (results ) Tj ET Q q 0 0 0 rg BT 148.07 207.05 Td (include ) Tj ET Q q 0 0 0 rg BT 180.31 207.05 Td (the ) Tj ET Q q 0 0 0 rg BT 195.34 207.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 233.13 207.05 Td (results ) Tj ET Q q 0 0 0 rg BT 262.05 207.05 Td (of ) Tj ET Q q 0 0 0 rg BT 273.19 207.05 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 313.76 207.05 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 345.46 207.05 Td (from ) Tj ET Q q 0 0 0 rg BT 367.09 207.05 Td (April ) Tj ET Q q 0 0 0 rg BT 391.01 207.05 Td (1, ) Tj ET Q q 0 0 0 rg BT 401.32 207.05 Td (2015, ) Tj ET Q q 0 0 0 rg BT 426.63 207.05 Td (the ) Tj ET Q q 0 0 0 rg BT 441.65 207.05 Td (date ) Tj ET Q q 0 0 0 rg BT 461.12 207.05 Td (of ) Tj ET Q q 0 0 0 rg BT 472.26 207.05 Td (our ) Tj ET Q q 0 0 0 rg BT 488.40 207.05 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 536.97 207.05 Td (At ) Tj ET Q q 0 0 0 rg BT 549.78 207.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 195.05 Td (time ) Tj ET Q q 0 0 0 rg BT 69.93 195.05 Td (of ) Tj ET Q q 0 0 0 rg BT 80.42 195.05 Td (our ) Tj ET Q q 0 0 0 rg BT 95.91 195.05 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 144.44 195.05 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 175.49 195.05 Td (had ) Tj ET Q q 0 0 0 rg BT 192.08 195.05 Td (a ) Tj ET Q q 0 0 0 rg BT 198.68 195.05 Td (total ) Tj ET Q q 0 0 0 rg BT 218.61 195.05 Td (of ) Tj ET Q q 0 0 0 rg BT 229.10 195.05 Td (41 ) Tj ET Q q 0 0 0 rg BT 241.25 195.05 Td (employees, ) Tj ET Q q 0 0 0 rg BT 288.68 195.05 Td (including ) Tj ET Q q 0 0 0 rg BT 328.61 195.05 Td (eight ) Tj ET Q q 0 0 0 rg BT 350.76 195.05 Td (managing ) Tj ET Q q 0 0 0 rg BT 392.35 195.05 Td (directors, ) Tj ET Q q 0 0 0 rg BT 431.99 195.05 Td (with ) Tj ET Q q 0 0 0 rg BT 451.93 195.05 Td (its ) Tj ET Q q 0 0 0 rg BT 463.53 195.05 Td (principal ) Tj ET Q q 0 0 0 rg BT 501.23 195.05 Td (of) Tj ET Q q 0 0 0 rg BT 509.38 195.05 Td (fice ) Tj ET Q q 0 0 0 rg BT 526.52 195.05 Td (in ) Tj ET Q q 0 0 0 rg BT 536.46 195.05 Td (Dallas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 183.05 Td (and ) Tj ET Q q 0 0 0 rg BT 66.61 183.05 Td (additional ) Tj ET Q q 0 0 0 rg BT 108.77 183.05 Td (locations ) Tj ET Q q 0 0 0 rg BT 147.05 183.05 Td (in ) Tj ET Q q 0 0 0 rg BT 157.00 183.05 Td (London, ) Tj ET Q q 0 0 0 rg BT 192.78 183.05 Td (New ) Tj ET Q q 0 0 0 rg BT 213.51 183.05 Td (Y) Tj ET Q q 0 0 0 rg BT 219.73 183.05 Td (ork, ) Tj ET Q q 0 0 0 rg BT 237.73 183.05 Td (San ) Tj ET Q q 0 0 0 rg BT 254.90 183.05 Td (Francisco ) Tj ET Q q 0 0 0 rg BT 295.95 183.05 Td (and ) Tj ET Q q 0 0 0 rg BT 312.56 183.05 Td (Singapore. ) Tj ET Q q 0 0 0 rg BT 357.78 183.05 Td ( ) Tj ET Q q 0 0 0 rg BT 359.95 183.05 Td (Historically) Tj ET Q q 0 0 0 rg BT 406.52 183.05 Td (, ) Tj ET Q q 0 0 0 rg BT 411.19 183.05 Td (Cogent's ) Tj ET Q q 0 0 0 rg BT 447.94 183.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 487.88 183.05 Td (mar) Tj ET Q q 0 0 0 rg BT 503.24 183.05 Td (gins ) Tj ET Q q 0 0 0 rg BT 522.08 183.05 Td (have ) Tj ET Q q 0 0 0 rg BT 543.13 183.05 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 171.05 Td (strong ) Tj ET Q q 0 0 0 rg BT 76.76 171.05 Td (and ) Tj ET Q q 0 0 0 rg BT 92.96 171.05 Td (we ) Tj ET Q q 0 0 0 rg BT 106.38 171.05 Td (expect ) Tj ET Q q 0 0 0 rg BT 134.24 171.05 Td (that ) Tj ET Q q 0 0 0 rg BT 151.00 171.05 Td (the ) Tj ET Q q 0 0 0 rg BT 164.97 171.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 210.62 171.05 Td (will ) Tj ET Q q 0 0 0 rg BT 227.94 171.05 Td (be ) Tj ET Q q 0 0 0 rg BT 239.14 171.05 Td (immediately ) Tj ET Q q 0 0 0 rg BT 290.88 171.05 Td (accretive ) Tj ET Q q 0 0 0 rg BT 328.72 171.05 Td (to ) Tj ET Q q 0 0 0 rg BT 338.26 171.05 Td (our ) Tj ET Q q 0 0 0 rg BT 353.36 171.05 Td (annual ) Tj ET Q q 0 0 0 rg BT 381.77 171.05 Td (financial ) Tj ET Q q 0 0 0 rg BT 418.52 171.05 Td (results. ) Tj ET Q q 0 0 0 rg BT 448.50 171.05 Td (As ) Tj ET Q q 0 0 0 rg BT 461.37 171.05 Td (a ) Tj ET Q q 0 0 0 rg BT 467.57 171.05 Td (result ) Tj ET Q q 0 0 0 rg BT 491.55 171.05 Td (of ) Tj ET Q q 0 0 0 rg BT 501.64 171.05 Td (the ) Tj ET Q q 0 0 0 rg BT 515.62 171.05 Td (acquisition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.05 Td (in ) Tj ET Q q 0 0 0 rg BT 60.45 159.05 Td (addition ) Tj ET Q q 0 0 0 rg BT 95.90 159.05 Td (to ) Tj ET Q q 0 0 0 rg BT 106.36 159.05 Td (the ) Tj ET Q q 0 0 0 rg BT 121.25 159.05 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 156.70 159.05 Td (operating ) Tj ET Q q 0 0 0 rg BT 197.14 159.05 Td (costs ) Tj ET Q q 0 0 0 rg BT 219.82 159.05 Td (for ) Tj ET Q q 0 0 0 rg BT 234.16 159.05 Td (the ) Tj ET Q q 0 0 0 rg BT 249.05 159.05 Td (business, ) Tj ET Q q 0 0 0 rg BT 288.12 159.05 Td (we ) Tj ET Q q 0 0 0 rg BT 302.45 159.05 Td (incurred ) Tj ET Q q 0 0 0 rg BT 338.44 159.05 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 396.09 159.05 Td (transaction ) Tj ET Q q 0 0 0 rg BT 442.64 159.05 Td (costs, ) Tj ET Q q 0 0 0 rg BT 467.82 159.05 Td (interest ) Tj ET Q q 0 0 0 rg BT 499.93 159.05 Td (expense ) Tj ET Q q 0 0 0 rg BT 534.81 159.05 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.05 Td (to ) Tj ET Q q 0 0 0 rg BT 60.48 147.05 Td (the ) Tj ET Q q 0 0 0 rg BT 75.39 147.05 Td (financing ) Tj ET Q q 0 0 0 rg BT 115.85 147.05 Td (of ) Tj ET Q q 0 0 0 rg BT 126.88 147.05 Td (the ) Tj ET Q q 0 0 0 rg BT 141.79 147.05 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 188.37 147.05 Td (and ) Tj ET Q q 0 0 0 rg BT 205.50 147.05 Td (char) Tj ET Q q 0 0 0 rg BT 222.53 147.05 Td (ges ) Tj ET Q q 0 0 0 rg BT 238.56 147.05 Td (related ) Tj ET Q q 0 0 0 rg BT 268.46 147.05 Td (to ) Tj ET Q q 0 0 0 rg BT 278.93 147.05 Td (the ) Tj ET Q q 0 0 0 rg BT 293.84 147.05 Td (amortization ) Tj ET Q q 0 0 0 rg BT 347.08 147.05 Td (of ) Tj ET Q q 0 0 0 rg BT 358.10 147.05 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 406.34 147.05 Td (intangibles ) Tj ET Q q 0 0 0 rg BT 452.92 147.05 Td (as ) Tj ET Q q 0 0 0 rg BT 463.94 147.05 Td (determined ) Tj ET Q q 0 0 0 rg BT 511.62 147.05 Td (based ) Tj ET Q q 0 0 0 rg BT 537.09 147.05 Td (on ) Tj ET Q q 0 0 0 rg BT 549.78 147.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 135.05 Td (allocation ) Tj ET Q q 0 0 0 rg BT 91.93 135.05 Td (of ) Tj ET Q q 0 0 0 rg BT 102.76 135.05 Td (the ) Tj ET Q q 0 0 0 rg BT 117.48 135.05 Td (purchase ) Tj ET Q q 0 0 0 rg BT 155.51 135.05 Td (price. ) Tj ET Q q 0 0 0 rg BT 180.50 135.05 Td (See ) Tj ET Q q 0 0 0 rg BT 197.44 135.05 Td ("Liquidity ) Tj ET Q q 0 0 0 rg BT 241.24 135.05 Td (and ) Tj ET Q q 0 0 0 rg BT 258.18 135.05 Td (Capital ) Tj ET Q q 0 0 0 rg BT 289.56 135.05 Td (Resources" ) Tj ET Q q 0 0 0 rg BT 337.24 135.05 Td (below) Tj ET Q q 0 0 0 rg BT 361.03 135.05 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 114.05 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.46 114.05 Td (December31, ) Tj ET Q q 0 0 0 rg BT 135.00 114.05 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 114.05 Td (, ) Tj ET Q q 0 0 0 rg BT 160.96 114.05 Td (we ) Tj ET Q q 0 0 0 rg BT 176.08 114.05 Td (employed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.98 114.05 Td (350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.98 114.05 Td ( ) Tj ET Q q 0 0 0 rg BT 237.43 114.05 Td (people. ) Tj ET Q q 0 0 0 rg BT 269.80 114.05 Td (W) Tj ET Q q 0 0 0 rg BT 278.44 114.05 Td (e ) Tj ET Q q 0 0 0 rg BT 286.33 114.05 Td (strive ) Tj ET Q q 0 0 0 rg BT 312.01 114.05 Td (to ) Tj ET Q q 0 0 0 rg BT 323.25 114.05 Td (maintain ) Tj ET Q q 0 0 0 rg BT 361.70 114.05 Td (a ) Tj ET Q q 0 0 0 rg BT 369.60 114.05 Td (work ) Tj ET Q q 0 0 0 rg BT 393.61 114.05 Td (environment ) Tj ET Q q 0 0 0 rg BT 447.61 114.05 Td (that ) Tj ET Q q 0 0 0 rg BT 466.06 114.05 Td (fosters ) Tj ET Q q 0 0 0 rg BT 496.18 114.05 Td (professionalism, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 102.05 Td (excellence, ) Tj ET Q q 0 0 0 rg BT 97.58 102.05 Td (diversity) Tj ET Q q 0 0 0 rg BT 131.93 102.05 Td (, ) Tj ET Q q 0 0 0 rg BT 137.33 102.05 Td (and ) Tj ET Q q 0 0 0 rg BT 154.66 102.05 Td (cooperation ) Tj ET Q q 0 0 0 rg BT 204.76 102.05 Td (among ) Tj ET Q q 0 0 0 rg BT 234.88 102.05 Td (our ) Tj ET Q q 0 0 0 rg BT 251.10 102.05 Td (employees ) Tj ET Q q 0 0 0 rg BT 296.76 102.05 Td (worldwide. ) Tj ET Q q 0 0 0 rg BT 344.93 102.05 Td ( ) Tj ET Q q 0 0 0 rg BT 347.62 102.05 Td (W) Tj ET Q q 0 0 0 rg BT 356.25 102.05 Td (e ) Tj ET Q q 0 0 0 rg BT 363.59 102.05 Td (utilize ) Tj ET Q q 0 0 0 rg BT 391.48 102.05 Td (a ) Tj ET Q q 0 0 0 rg BT 398.81 102.05 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 462.24 102.05 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 506.79 102.05 Td (process ) Tj ET Q q 0 0 0 rg BT 539.68 102.05 Td (at ) Tj ET Q q 0 0 0 rg BT 549.79 102.05 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 90.05 Td (end ) Tj ET Q q 0 0 0 rg BT 69.05 90.05 Td (of ) Tj ET Q q 0 0 0 rg BT 81.99 90.05 Td (each ) Tj ET Q q 0 0 0 rg BT 104.91 90.05 Td (year ) Tj ET Q q 0 0 0 rg BT 126.72 90.05 Td (to ) Tj ET Q q 0 0 0 rg BT 139.11 90.05 Td (measure ) Tj ET Q q 0 0 0 rg BT 177.04 90.05 Td (performance, ) Tj ET Q q 0 0 0 rg BT 234.67 90.05 Td (determine ) Tj ET Q q 0 0 0 rg BT 279.25 90.05 Td (compensation ) Tj ET Q q 0 0 0 rg BT 339.41 90.05 Td (and ) Tj ET Q q 0 0 0 rg BT 358.45 90.05 Td (provide ) Tj ET Q q 0 0 0 rg BT 393.61 90.05 Td (guidance ) Tj ET Q q 0 0 0 rg BT 434.31 90.05 Td (on ) Tj ET Q q 0 0 0 rg BT 448.92 90.05 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 506.30 90.05 Td (for ) Tj ET Q q 0 0 0 rg BT 522.57 90.05 Td (continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 78.05 Td (development. ) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Business Envir) Tj ET Q q 0 0 0 rg BT 113.45 742.25 Td (onment and Outlook) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 721.25 Td (Economic ) Tj ET Q q 0 0 0 rg BT 105.46 721.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.81 721.25 Td (global ) Tj ET Q q 0 0 0 rg BT 150.72 721.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 188.62 721.25 Td (market ) Tj ET Q q 0 0 0 rg BT 219.29 721.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 263.88 721.25 Td (can ) Tj ET Q q 0 0 0 rg BT 280.67 721.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 324.12 721.25 Td (af) Tj ET Q q 0 0 0 rg BT 331.71 721.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 349.61 721.25 Td (our ) Tj ET Q q 0 0 0 rg BT 365.85 721.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 403.75 721.25 Td (performance. ) Tj ET Q q 0 0 0 rg BT 459.69 721.25 Td (In ) Tj ET Q q 0 0 0 rg BT 470.93 721.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 509.12 721.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 547.57 721.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (net ) Tj ET Q q 0 0 0 rg BT 64.94 709.25 Td (income ) Tj ET Q q 0 0 0 rg BT 97.10 709.25 Td (in ) Tj ET Q q 0 0 0 rg BT 107.60 709.25 Td (any ) Tj ET Q q 0 0 0 rg BT 124.77 709.25 Td (period ) Tj ET Q q 0 0 0 rg BT 153.04 709.25 Td (may ) Tj ET Q q 0 0 0 rg BT 172.98 709.25 Td (not ) Tj ET Q q 0 0 0 rg BT 188.48 709.25 Td (be ) Tj ET Q q 0 0 0 rg BT 200.64 709.25 Td (indicative ) Tj ET Q q 0 0 0 rg BT 242.80 709.25 Td (of ) Tj ET Q q 0 0 0 rg BT 253.85 709.25 Td (full-year ) Tj ET Q q 0 0 0 rg BT 291.00 709.25 Td (results ) Tj ET Q q 0 0 0 rg BT 319.83 709.25 Td (or ) Tj ET Q q 0 0 0 rg BT 330.89 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.83 709.25 Td (results ) Tj ET Q q 0 0 0 rg BT 374.66 709.25 Td (of ) Tj ET Q q 0 0 0 rg BT 385.72 709.25 Td (any ) Tj ET Q q 0 0 0 rg BT 402.88 709.25 Td (other ) Tj ET Q q 0 0 0 rg BT 426.15 709.25 Td (period ) Tj ET Q q 0 0 0 rg BT 454.42 709.25 Td (and ) Tj ET Q q 0 0 0 rg BT 471.59 709.25 Td (may ) Tj ET Q q 0 0 0 rg BT 491.53 709.25 Td (vary ) Tj ET Q q 0 0 0 rg BT 512.02 709.25 Td (significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.94 697.25 Td (year ) Tj ET Q q 0 0 0 rg BT 91.65 697.25 Td (to ) Tj ET Q q 0 0 0 rg BT 101.92 697.25 Td (year ) Tj ET Q q 0 0 0 rg BT 121.63 697.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.57 697.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 169.38 697.25 Td (to ) Tj ET Q q 0 0 0 rg BT 179.66 697.25 Td (quarter) Tj ET Q q 0 0 0 rg BT 207.43 697.25 Td (. ) Tj ET Q q 0 0 0 rg BT 212.43 697.25 Td (See ) Tj ET Q q 0 0 0 rg BT 229.37 697.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 254.64 697.25 Td (Factors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 676.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 79.49 676.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 115.87 676.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 153.34 676.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.71 676.25 Td ($260.3 ) Tj ET Q q 0 0 0 rg BT 204.15 676.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.04 676.25 Td ( ) Tj ET Q q 0 0 0 rg BT 234.98 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 244.70 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.85 676.25 Td (year ) Tj ET Q q 0 0 0 rg BT 278.00 676.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.81 676.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 361.83 676.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.83 676.25 Td ( ) Tj ET Q q 0 0 0 rg BT 383.77 676.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 425.13 676.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.85 676.25 Td ($280.5 ) Tj ET Q q 0 0 0 rg BT 464.29 676.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.18 676.25 Td ( ) Tj ET Q q 0 0 0 rg BT 495.12 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 504.84 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.99 676.25 Td (year ) Tj ET Q q 0 0 0 rg BT 538.14 676.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.87 664.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.87 664.25 Td (, ) Tj ET Q q 0 0 0 rg BT 134.16 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 141.39 664.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 178.59 664.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.71 664.25 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.04 664.25 Td (. ) Tj ET Q q 0 0 0 rg BT 208.12 664.25 Td (This ) Tj ET Q q 0 0 0 rg BT 228.69 664.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 265.89 664.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 300.34 664.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 346.44 664.25 Td (from ) Tj ET Q q 0 0 0 rg BT 368.67 664.25 Td (a ) Tj ET Q q 0 0 0 rg BT 375.90 664.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 413.10 664.25 Td (in ) Tj ET Q q 0 0 0 rg BT 423.67 664.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 470.33 664.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 518.10 664.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 536.99 664.25 Td (due ) Tj ET Q q 0 0 0 rg BT 554.22 664.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (fewer ) Tj ET Q q 0 0 0 rg BT 75.72 652.25 Td (lar) Tj ET Q q 0 0 0 rg BT 86.09 652.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 98.49 652.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 145.33 652.25 Td (closings ) Tj ET Q q 0 0 0 rg BT 181.07 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 191.81 652.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 217.28 652.25 Td (of) Tj ET Q q 0 0 0 rg BT 225.42 652.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 242.83 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 253.57 652.25 Td (part ) Tj ET Q q 0 0 0 rg BT 272.08 652.25 Td (by ) Tj ET Q q 0 0 0 rg BT 285.04 652.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 315.76 652.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 345.38 652.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 382.78 652.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 401.84 652.25 Td (due ) Tj ET Q q 0 0 0 rg BT 419.24 652.25 Td (to ) Tj ET Q q 0 0 0 rg BT 429.99 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.17 652.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 492.01 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.31 652.25 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 535.16 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 552.56 652.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 84.78 640.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.59 640.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 140.49 640.25 Td (announcement ) Tj ET Q q 0 0 0 rg BT 200.83 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.29 640.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 249.88 640.25 Td (fees. ) Tj ET Q q 0 0 0 rg BT 270.50 640.25 Td ( ) Tj ET Q q 0 0 0 rg BT 272.08 640.25 Td (At ) Tj ET Q q 0 0 0 rg BT 284.11 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.36 640.25 Td (same ) Tj ET Q q 0 0 0 rg BT 320.93 640.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 343.23 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.48 640.25 Td (number ) Tj ET Q q 0 0 0 rg BT 390.05 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.41 640.25 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 445.21 640.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 488.88 640.25 Td (M&A) Tj ET Q q 0 0 0 rg BT 512.22 640.25 Td ( ) Tj ET Q q 0 0 0 rg BT 514.25 640.25 Td (transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.21 628.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.21 628.25 Td ( ) Tj ET Q q 0 0 0 rg BT 82.63 628.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 124.48 628.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.91 628.25 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.24 628.25 Td ( ) Tj ET Q q 0 0 0 rg BT 152.66 628.25 Td (as ) Tj ET Q q 0 0 0 rg BT 163.42 628.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 205.27 628.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.48 628.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.48 628.25 Td (, ) Tj ET Q q 0 0 0 rg BT 240.41 628.25 Td (while ) Tj ET Q q 0 0 0 rg BT 265.05 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.70 628.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 312.12 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.88 628.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 366.96 628.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 417.15 628.25 Td (\(reflecting ) Tj ET Q q 0 0 0 rg BT 461.22 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.86 628.25 Td (sum ) Tj ET Q q 0 0 0 rg BT 494.96 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.72 628.25 Td (all ) Tj ET Q q 0 0 0 rg BT 518.14 628.25 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (sizes\) ) Tj ET Q q 0 0 0 rg BT 75.38 616.25 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.74 616.25 Td (26%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.07 616.25 Td (. ) Tj ET Q q 0 0 0 rg BT 138.99 616.25 Td (The ) Tj ET Q q 0 0 0 rg BT 157.15 616.25 Td (number ) Tj ET Q q 0 0 0 rg BT 190.31 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.25 616.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 247.17 616.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 297.55 616.25 Td (globally ) Tj ET Q q 0 0 0 rg BT 332.93 616.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 374.95 616.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.56 616.25 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.89 616.25 Td ( ) Tj ET Q q 0 0 0 rg BT 403.50 616.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.89 616.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.89 616.25 Td ( ) Tj ET Q q 0 0 0 rg BT 436.50 616.25 Td (as ) Tj ET Q q 0 0 0 rg BT 447.44 616.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 489.47 616.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.86 616.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.86 616.25 Td (, ) Tj ET Q q 0 0 0 rg BT 524.97 616.25 Td (while ) Tj ET Q q 0 0 0 rg BT 549.80 616.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (volume ) Tj ET Q q 0 0 0 rg BT 82.50 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.33 604.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 139.14 604.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 189.40 604.25 Td (rose ) Tj ET Q q 0 0 0 rg BT 208.56 604.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.06 604.25 Td (32%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.39 604.25 Td ( ) Tj ET Q q 0 0 0 rg BT 241.89 604.25 Td (in ) Tj ET Q q 0 0 0 rg BT 252.17 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.89 604.25 Td (same ) Tj ET Q q 0 0 0 rg BT 289.94 604.25 Td (period.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 317.98 608.78 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 580.25 Td (In ) Tj ET Q q 0 0 0 rg BT 73.91 580.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 98.49 580.25 Td (we ) Tj ET Q q 0 0 0 rg BT 112.23 580.25 Td (advised ) Tj ET Q q 0 0 0 rg BT 144.86 580.25 Td (on ) Tj ET Q q 0 0 0 rg BT 156.94 580.25 Td (26% ) Tj ET Q q 0 0 0 rg BT 177.36 580.25 Td (more ) Tj ET Q q 0 0 0 rg BT 199.98 580.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 245.38 580.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 295.23 580.25 Td (than ) Tj ET Q q 0 0 0 rg BT 314.53 580.25 Td (in ) Tj ET Q q 0 0 0 rg BT 324.39 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 338.68 580.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 360.20 580.25 Td (year) Tj ET Q q 0 0 0 rg BT 376.86 580.25 Td (. ) Tj ET Q q 0 0 0 rg BT 380.98 580.25 Td (As ) Tj ET Q q 0 0 0 rg BT 394.18 580.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 434.57 580.25 Td (by ) Tj ET Q q 0 0 0 rg BT 446.65 580.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 487.60 580.25 Td (deal ) Tj ET Q q 0 0 0 rg BT 506.33 580.25 Td (volume, ) Tj ET Q q 0 0 0 rg BT 540.91 580.25 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 100.75 568.25 Td (were ) Tj ET Q q 0 0 0 rg BT 123.17 568.25 Td (considerably ) Tj ET Q q 0 0 0 rg BT 177.26 568.25 Td (lar) Tj ET Q q 0 0 0 rg BT 187.62 568.25 Td (ger ) Tj ET Q q 0 0 0 rg BT 203.38 568.25 Td (than ) Tj ET Q q 0 0 0 rg BT 223.59 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.80 568.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 285.10 568.25 Td (deals ) Tj ET Q q 0 0 0 rg BT 308.64 568.25 Td (on ) Tj ET Q q 0 0 0 rg BT 321.63 568.25 Td (which ) Tj ET Q q 0 0 0 rg BT 349.06 568.25 Td (we ) Tj ET Q q 0 0 0 rg BT 363.71 568.25 Td (advised ) Tj ET Q q 0 0 0 rg BT 397.25 568.25 Td (in ) Tj ET Q q 0 0 0 rg BT 408.02 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.23 568.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 445.66 568.25 Td (year ) Tj ET Q q 0 0 0 rg BT 465.85 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.28 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.49 568.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 545.90 568.25 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.18 556.25 Td (with ) Tj ET Q q 0 0 0 rg BT 113.05 556.25 Td (those ) Tj ET Q q 0 0 0 rg BT 136.25 556.25 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 188.60 556.25 Td (a ) Tj ET Q q 0 0 0 rg BT 195.13 556.25 Td (lar) Tj ET Q q 0 0 0 rg BT 205.50 556.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 217.03 556.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 248.00 556.25 Td (of ) Tj ET Q q 0 0 0 rg BT 258.42 556.25 Td (which ) Tj ET Q q 0 0 0 rg BT 284.95 556.25 Td (had ) Tj ET Q q 0 0 0 rg BT 301.48 556.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 315.79 556.25 Td (to ) Tj ET Q q 0 0 0 rg BT 325.65 556.25 Td (be ) Tj ET Q q 0 0 0 rg BT 337.18 556.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 365.92 556.25 Td (as ) Tj ET Q q 0 0 0 rg BT 376.34 556.25 Td (of ) Tj ET Q q 0 0 0 rg BT 386.76 556.25 Td (year ) Tj ET Q q 0 0 0 rg BT 406.05 556.25 Td (end, ) Tj ET Q q 0 0 0 rg BT 425.08 556.25 Td (also ) Tj ET Q q 0 0 0 rg BT 443.28 556.25 Td (showed ) Tj ET Q q 0 0 0 rg BT 475.92 556.25 Td (a ) Tj ET Q q 0 0 0 rg BT 482.45 556.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 526.75 556.25 Td (increase. ) Tj ET Q q 0 0 0 rg BT 564.51 556.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (Despite ) Tj ET Q q 0 0 0 rg BT 83.38 544.25 Td (all ) Tj ET Q q 0 0 0 rg BT 96.21 544.25 Td (those ) Tj ET Q q 0 0 0 rg BT 120.15 544.25 Td (positives, ) Tj ET Q q 0 0 0 rg BT 161.04 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.09 544.25 Td (fact ) Tj ET Q q 0 0 0 rg BT 193.91 544.25 Td (that ) Tj ET Q q 0 0 0 rg BT 211.74 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.79 544.25 Td (closings ) Tj ET Q q 0 0 0 rg BT 262.40 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 273.56 544.25 Td (an ) Tj ET Q q 0 0 0 rg BT 285.84 544.25 Td (unusually ) Tj ET Q q 0 0 0 rg BT 327.56 544.25 Td (lar) Tj ET Q q 0 0 0 rg BT 337.92 544.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 350.19 544.25 Td (number ) Tj ET Q q 0 0 0 rg BT 383.58 544.25 Td (of ) Tj ET Q q 0 0 0 rg BT 394.74 544.25 Td (our ) Tj ET Q q 0 0 0 rg BT 410.90 544.25 Td (lar) Tj ET Q q 0 0 0 rg BT 421.27 544.25 Td (gest ) Tj ET Q q 0 0 0 rg BT 440.21 544.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 469.69 544.25 Td (M&A) Tj ET Q q 0 0 0 rg BT 493.03 544.25 Td ( ) Tj ET Q q 0 0 0 rg BT 495.86 544.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 546.46 544.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (delayed ) Tj ET Q q 0 0 0 rg BT 83.59 532.25 Td (into ) Tj ET Q q 0 0 0 rg BT 101.65 532.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 124.15 532.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 164.97 532.25 Td (af) Tj ET Q q 0 0 0 rg BT 172.55 532.25 Td (fected ) Tj ET Q q 0 0 0 rg BT 199.48 532.25 Td (our ) Tj ET Q q 0 0 0 rg BT 215.31 532.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 252.25 532.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 290.28 532.25 Td (for ) Tj ET Q q 0 0 0 rg BT 304.44 532.25 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 511.25 Td (Also ) Tj ET Q q 0 0 0 rg BT 83.48 511.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.85 511.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.85 511.25 Td (, ) Tj ET Q q 0 0 0 rg BT 118.94 511.25 Td (we ) Tj ET Q q 0 0 0 rg BT 133.19 511.25 Td (advised ) Tj ET Q q 0 0 0 rg BT 166.32 511.25 Td (on ) Tj ET Q q 0 0 0 rg BT 178.91 511.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 229.27 511.25 Td (for ) Tj ET Q q 0 0 0 rg BT 243.52 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.32 511.25 Td (first ) Tj ET Q q 0 0 0 rg BT 277.02 511.25 Td (time ) Tj ET Q q 0 0 0 rg BT 297.38 511.25 Td (for ) Tj ET Q q 0 0 0 rg BT 311.63 511.25 Td (such ) Tj ET Q q 0 0 0 rg BT 332.55 511.25 Td (leading ) Tj ET Q q 0 0 0 rg BT 364.57 511.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 409.93 511.25 Td (around ) Tj ET Q q 0 0 0 rg BT 440.29 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.09 511.25 Td (world ) Tj ET Q q 0 0 0 rg BT 481.01 511.25 Td (as ) Tj ET Q q 0 0 0 rg BT 491.93 511.25 Td (Ball ) Tj ET Q q 0 0 0 rg BT 511.18 511.25 Td (Corporation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (Blount ) Tj ET Q q 0 0 0 rg BT 79.80 499.25 Td (International, ) Tj ET Q q 0 0 0 rg BT 135.96 499.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 156.30 499.25 Td (Croda ) Tj ET Q q 0 0 0 rg BT 183.31 499.25 Td (Europe ) Tj ET Q q 0 0 0 rg BT 214.75 499.25 Td (Limited, ) Tj ET Q q 0 0 0 rg BT 251.48 499.25 Td (Emdeon ) Tj ET Q q 0 0 0 rg BT 287.38 499.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 307.72 499.25 Td (Heartland ) Tj ET Q q 0 0 0 rg BT 349.71 499.25 Td (Payment ) Tj ET Q q 0 0 0 rg BT 387.28 499.25 Td (Systems, ) Tj ET Q q 0 0 0 rg BT 425.69 499.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 445.84 499.25 Td (T) Tj ET Q q 0 0 0 rg BT 451.25 499.25 Td (elecity ) Tj ET Q q 0 0 0 rg BT 480.48 499.25 Td (Group ) Tj ET Q q 0 0 0 rg BT 508.60 499.25 Td (plc, ) Tj ET Q q 0 0 0 rg BT 525.89 499.25 Td (and ) Tj ET Q q 0 0 0 rg BT 542.71 499.25 Td (T) Tj ET Q q 0 0 0 rg BT 548.12 499.25 Td (eva ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (Pharmaceuticals ) Tj ET Q q 0 0 0 rg BT 120.18 487.25 Td (Industries ) Tj ET Q q 0 0 0 rg BT 164.28 487.25 Td (Limited. ) Tj ET Q q 0 0 0 rg BT 202.76 487.25 Td (W) Tj ET Q q 0 0 0 rg BT 211.40 487.25 Td (e ) Tj ET Q q 0 0 0 rg BT 220.49 487.25 Td (also ) Tj ET Q q 0 0 0 rg BT 241.26 487.25 Td (advised ) Tj ET Q q 0 0 0 rg BT 276.46 487.25 Td (on ) Tj ET Q q 0 0 0 rg BT 291.11 487.25 Td (new ) Tj ET Q q 0 0 0 rg BT 312.43 487.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 364.85 487.25 Td (for ) Tj ET Q q 0 0 0 rg BT 381.17 487.25 Td (historic ) Tj ET Q q 0 0 0 rg BT 415.82 487.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 446.58 487.25 Td (such ) Tj ET Q q 0 0 0 rg BT 469.56 487.25 Td (as ) Tj ET Q q 0 0 0 rg BT 481.52 487.25 Td (Alcoa ) Tj ET Q q 0 0 0 rg BT 510.06 487.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 531.45 487.25 Td (Anixter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (International, ) Tj ET Q q 0 0 0 rg BT 106.75 475.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 127.67 475.25 Td (Cerner ) Tj ET Q q 0 0 0 rg BT 158.04 475.25 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 212.02 475.25 Td (Gannett ) Tj ET Q q 0 0 0 rg BT 246.84 475.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 266.66 475.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 287.59 475.25 Td (GlaxoSmithKline ) Tj ET Q q 0 0 0 rg BT 361.30 475.25 Td (plc, ) Tj ET Q q 0 0 0 rg BT 379.18 475.25 Td (Hitachi ) Tj ET Q q 0 0 0 rg BT 411.07 475.25 Td (Appliances, ) Tj ET Q q 0 0 0 rg BT 461.71 475.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 482.64 475.25 Td (Lonmin ) Tj ET Q q 0 0 0 rg BT 517.46 475.25 Td (plc, ) Tj ET Q q 0 0 0 rg BT 535.34 475.25 Td (Masco ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 103.33 463.25 Td (MeadW) Tj ET Q q 0 0 0 rg BT 134.73 463.25 Td (estvaco ) Tj ET Q q 0 0 0 rg BT 167.22 463.25 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 220.54 463.25 Td (Recruit ) Tj ET Q q 0 0 0 rg BT 252.48 463.25 Td (Holdings ) Tj ET Q q 0 0 0 rg BT 291.65 463.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 310.82 463.25 Td (Ltd, ) Tj ET Q q 0 0 0 rg BT 329.70 463.25 Td (and ) Tj ET Q q 0 0 0 rg BT 346.64 463.25 Td (Scholastic ) Tj ET Q q 0 0 0 rg BT 390.24 463.25 Td (Corporation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 442.25 Td (By ) Tj ET Q q 0 0 0 rg BT 76.63 442.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 124.02 442.25 Td (region ) Tj ET Q q 0 0 0 rg BT 152.53 442.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.27 442.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.27 442.25 Td (, ) Tj ET Q q 0 0 0 rg BT 188.73 442.25 Td (North ) Tj ET Q q 0 0 0 rg BT 214.37 442.25 Td (America, ) Tj ET Q q 0 0 0 rg BT 254.26 442.25 Td (where ) Tj ET Q q 0 0 0 rg BT 281.65 442.25 Td (we ) Tj ET Q q 0 0 0 rg BT 296.27 442.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 338.10 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 348.84 442.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 377.90 442.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.19 442.25 Td (58%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.52 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 410.49 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.78 442.25 Td (our ) Tj ET Q q 0 0 0 rg BT 438.07 442.25 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 479.07 442.25 Td (remained ) Tj ET Q q 0 0 0 rg BT 519.24 442.25 Td (our ) Tj ET Q q 0 0 0 rg BT 535.53 442.25 Td (lar) Tj ET Q q 0 0 0 rg BT 545.90 442.25 Td (gest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (contributor ) Tj ET Q q 0 0 0 rg BT 96.48 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 106.31 430.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 130.86 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 132.91 430.25 Td (Most ) Tj ET Q q 0 0 0 rg BT 155.52 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.89 430.25 Td (our ) Tj ET Q q 0 0 0 rg BT 181.27 430.25 Td (other ) Tj ET Q q 0 0 0 rg BT 203.87 430.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 225.92 430.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 262.40 430.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 299.99 430.25 Td (were ) Tj ET Q q 0 0 0 rg BT 321.46 430.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 362.38 430.25 Td (in ) Tj ET Q q 0 0 0 rg BT 372.20 430.25 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 405.63 430.25 Td (where ) Tj ET Q q 0 0 0 rg BT 432.10 430.25 Td (we ) Tj ET Q q 0 0 0 rg BT 445.81 430.25 Td (derived ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.85 430.25 Td (23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.18 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 498.23 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 508.60 430.25 Td (our ) Tj ET Q q 0 0 0 rg BT 523.98 430.25 Td (revenues, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 100.97 418.25 Td (a ) Tj ET Q q 0 0 0 rg BT 106.95 418.25 Td (slight ) Tj ET Q q 0 0 0 rg BT 130.72 418.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 161.14 418.25 Td (from ) Tj ET Q q 0 0 0 rg BT 182.12 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.88 418.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 216.87 418.25 Td (year) Tj ET Q q 0 0 0 rg BT 233.52 418.25 Td (. ) Tj ET Q q 0 0 0 rg BT 237.57 418.25 Td (In ) Tj ET Q q 0 0 0 rg BT 247.10 418.25 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 287.80 418.25 Td (we ) Tj ET Q q 0 0 0 rg BT 301.00 418.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 350.85 418.25 Td (a ) Tj ET Q q 0 0 0 rg BT 356.83 418.25 Td (slight ) Tj ET Q q 0 0 0 rg BT 380.60 418.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 413.79 418.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 444.21 418.25 Td (from ) Tj ET Q q 0 0 0 rg BT 465.19 418.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.95 418.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 499.94 418.25 Td (year ) Tj ET Q q 0 0 0 rg BT 518.69 418.25 Td (principally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (due ) Tj ET Q q 0 0 0 rg BT 66.82 406.25 Td (to ) Tj ET Q q 0 0 0 rg BT 76.98 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 91.57 406.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 121.17 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 131.88 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.47 406.25 Td (strengthening ) Tj ET Q q 0 0 0 rg BT 203.29 406.25 Td (US ) Tj ET Q q 0 0 0 rg BT 218.45 406.25 Td (dollar) Tj ET Q q 0 0 0 rg BT 241.23 406.25 Td (. ) Tj ET Q q 0 0 0 rg BT 246.11 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 248.31 406.25 Td (The ) Tj ET Q q 0 0 0 rg BT 266.24 406.25 Td (declines ) Tj ET Q q 0 0 0 rg BT 301.39 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 311.54 406.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 345.57 406.25 Td (contribution ) Tj ET Q q 0 0 0 rg BT 396.83 406.25 Td (from ) Tj ET Q q 0 0 0 rg BT 418.65 406.25 Td (Europe ) Tj ET Q q 0 0 0 rg BT 449.91 406.25 Td (and ) Tj ET Q q 0 0 0 rg BT 466.20 406.25 Td (Australia ) Tj ET Q q 0 0 0 rg BT 505.24 406.25 Td (were ) Tj ET Q q 0 0 0 rg BT 527.05 406.25 Td (of) Tj ET Q q 0 0 0 rg BT 535.20 406.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 552.02 406.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 394.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 101.65 394.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 136.90 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 147.18 394.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 181.33 394.25 Td (from ) Tj ET Q q 0 0 0 rg BT 203.27 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.98 394.25 Td (rest ) Tj ET Q q 0 0 0 rg BT 234.92 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.75 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.47 394.25 Td (world.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 373.25 Td (By ) Tj ET Q q 0 0 0 rg BT 75.54 373.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 110.20 373.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.85 373.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.85 373.25 Td (, ) Tj ET Q q 0 0 0 rg BT 144.23 373.25 Td (improved ) Tj ET Q q 0 0 0 rg BT 184.43 373.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 236.82 373.25 Td (in ) Tj ET Q q 0 0 0 rg BT 246.48 373.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.57 373.25 Td (general ) Tj ET Q q 0 0 0 rg BT 291.87 373.25 Td (industrial ) Tj ET Q q 0 0 0 rg BT 331.52 373.25 Td (sector ) Tj ET Q q 0 0 0 rg BT 357.27 373.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 396.35 373.25 Td (of) Tj ET Q q 0 0 0 rg BT 404.50 373.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 420.81 373.25 Td (a ) Tj ET Q q 0 0 0 rg BT 427.12 373.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 457.87 373.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.52 373.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 499.39 373.25 Td (in ) Tj ET Q q 0 0 0 rg BT 509.04 373.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.13 373.25 Td (consumer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (& ) Tj ET Q q 0 0 0 rg BT 60.28 361.25 Td (retail, ) Tj ET Q q 0 0 0 rg BT 85.82 361.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 123.30 361.25 Td (services ) Tj ET Q q 0 0 0 rg BT 158.01 361.25 Td (and ) Tj ET Q q 0 0 0 rg BT 174.95 361.25 Td (technology) Tj ET Q q 0 0 0 rg BT 218.73 361.25 Td (, ) Tj ET Q q 0 0 0 rg BT 223.73 361.25 Td (communications ) Tj ET Q q 0 0 0 rg BT 292.33 361.25 Td (& ) Tj ET Q q 0 0 0 rg BT 302.61 361.25 Td (media ) Tj ET Q q 0 0 0 rg BT 329.54 361.25 Td (sectors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 334.85 Td (Looking ) Tj ET Q q 0 0 0 rg BT 100.17 334.85 Td (forward ) Tj ET Q q 0 0 0 rg BT 134.61 334.85 Td (to ) Tj ET Q q 0 0 0 rg BT 145.18 334.85 Td (2016, ) Tj ET Q q 0 0 0 rg BT 170.47 334.85 Td (the ) Tj ET Q q 0 0 0 rg BT 185.47 334.85 Td (expected ) Tj ET Q q 0 0 0 rg BT 223.79 334.85 Td (closing ) Tj ET Q q 0 0 0 rg BT 255.47 334.85 Td (of ) Tj ET Q q 0 0 0 rg BT 266.59 334.85 Td (some ) Tj ET Q q 0 0 0 rg BT 290.48 334.85 Td (lar) Tj ET Q q 0 0 0 rg BT 300.85 334.85 Td (ge ) Tj ET Q q 0 0 0 rg BT 313.08 334.85 Td (M&A) Tj ET Q q 0 0 0 rg BT 336.42 334.85 Td ( ) Tj ET Q q 0 0 0 rg BT 339.20 334.85 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 392.25 334.85 Td (announced ) Tj ET Q q 0 0 0 rg BT 438.36 334.85 Td (in ) Tj ET Q q 0 0 0 rg BT 448.92 334.85 Td (2015 ) Tj ET Q q 0 0 0 rg BT 471.71 334.85 Td (but ) Tj ET Q q 0 0 0 rg BT 487.28 334.85 Td (not ) Tj ET Q q 0 0 0 rg BT 502.85 334.85 Td (yet ) Tj ET Q q 0 0 0 rg BT 517.85 334.85 Td (completed, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.85 Td (combined ) Tj ET Q q 0 0 0 rg BT 92.11 322.85 Td (with ) Tj ET Q q 0 0 0 rg BT 112.57 322.85 Td (what ) Tj ET Q q 0 0 0 rg BT 134.69 322.85 Td (we ) Tj ET Q q 0 0 0 rg BT 149.02 322.85 Td (expect ) Tj ET Q q 0 0 0 rg BT 177.80 322.85 Td (to ) Tj ET Q q 0 0 0 rg BT 188.25 322.85 Td (be ) Tj ET Q q 0 0 0 rg BT 200.37 322.85 Td (a ) Tj ET Q q 0 0 0 rg BT 207.49 322.85 Td (continued ) Tj ET Q q 0 0 0 rg BT 249.60 322.85 Td (robust ) Tj ET Q q 0 0 0 rg BT 277.28 322.85 Td (level ) Tj ET Q q 0 0 0 rg BT 299.39 322.85 Td (of ) Tj ET Q q 0 0 0 rg BT 310.40 322.85 Td (activity ) Tj ET Q q 0 0 0 rg BT 343.06 322.85 Td (in ) Tj ET Q q 0 0 0 rg BT 353.52 322.85 Td (the ) Tj ET Q q 0 0 0 rg BT 368.42 322.85 Td (primary ) Tj ET Q q 0 0 0 rg BT 402.75 322.85 Td (and ) Tj ET Q q 0 0 0 rg BT 419.87 322.85 Td (secondary ) Tj ET Q q 0 0 0 rg BT 463.08 322.85 Td (fund ) Tj ET Q q 0 0 0 rg BT 484.09 322.85 Td (placement ) Tj ET Q q 0 0 0 rg BT 527.86 322.85 Td (markets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.85 Td (we ) Tj ET Q q 0 0 0 rg BT 63.83 310.85 Td (believe ) Tj ET Q q 0 0 0 rg BT 94.88 310.85 Td (bodes ) Tj ET Q q 0 0 0 rg BT 120.38 310.85 Td (well ) Tj ET Q q 0 0 0 rg BT 139.77 310.85 Td (for ) Tj ET Q q 0 0 0 rg BT 153.60 310.85 Td (improved ) Tj ET Q q 0 0 0 rg BT 194.10 310.85 Td (revenues ) Tj ET Q q 0 0 0 rg BT 231.80 310.85 Td (in ) Tj ET Q q 0 0 0 rg BT 241.75 310.85 Td (the ) Tj ET Q q 0 0 0 rg BT 256.14 310.85 Td (first ) Tj ET Q q 0 0 0 rg BT 274.42 310.85 Td (half ) Tj ET Q q 0 0 0 rg BT 292.14 310.85 Td (of ) Tj ET Q q 0 0 0 rg BT 302.64 310.85 Td (2016. ) Tj ET Q q 0 0 0 rg BT 327.32 310.85 Td ( ) Tj ET Q q 0 0 0 rg BT 329.33 310.85 Td (While ) Tj ET Q q 0 0 0 rg BT 355.94 310.85 Td (the ) Tj ET Q q 0 0 0 rg BT 370.33 310.85 Td (second ) Tj ET Q q 0 0 0 rg BT 400.27 310.85 Td (half ) Tj ET Q q 0 0 0 rg BT 417.98 310.85 Td (of ) Tj ET Q q 0 0 0 rg BT 428.49 310.85 Td (the ) Tj ET Q q 0 0 0 rg BT 442.88 310.85 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 466.70 310.85 Td (year ) Tj ET Q q 0 0 0 rg BT 486.08 310.85 Td (is, ) Tj ET Q q 0 0 0 rg BT 497.42 310.85 Td (in ) Tj ET Q q 0 0 0 rg BT 507.37 310.85 Td (general, ) Tj ET Q q 0 0 0 rg BT 541.47 310.85 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.85 Td (dependent ) Tj ET Q q 0 0 0 rg BT 93.39 298.85 Td (on ) Tj ET Q q 0 0 0 rg BT 105.68 298.85 Td (transactions ) Tj ET Q q 0 0 0 rg BT 155.73 298.85 Td (yet ) Tj ET Q q 0 0 0 rg BT 170.24 298.85 Td (to ) Tj ET Q q 0 0 0 rg BT 180.31 298.85 Td (be ) Tj ET Q q 0 0 0 rg BT 192.04 298.85 Td (announced, ) Tj ET Q q 0 0 0 rg BT 240.15 298.85 Td (we ) Tj ET Q q 0 0 0 rg BT 254.10 298.85 Td (have ) Tj ET Q q 0 0 0 rg BT 275.27 298.85 Td (seen ) Tj ET Q q 0 0 0 rg BT 295.33 298.85 Td (momentum ) Tj ET Q q 0 0 0 rg BT 343.17 298.85 Td (in ) Tj ET Q q 0 0 0 rg BT 353.24 298.85 Td (terms ) Tj ET Q q 0 0 0 rg BT 377.75 298.85 Td (of ) Tj ET Q q 0 0 0 rg BT 388.37 298.85 Td (significant ) Tj ET Q q 0 0 0 rg BT 432.87 298.85 Td (new ) Tj ET Q q 0 0 0 rg BT 451.83 298.85 Td (client ) Tj ET Q q 0 0 0 rg BT 476.33 298.85 Td (assignments ) Tj ET Q q 0 0 0 rg BT 527.51 298.85 Td (in ) Tj ET Q q 0 0 0 rg BT 537.58 298.85 Td (recent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.85 Td (months, ) Tj ET Q q 0 0 0 rg BT 85.34 286.85 Td (which ) Tj ET Q q 0 0 0 rg BT 113.18 286.85 Td (suggests ) Tj ET Q q 0 0 0 rg BT 150.47 286.85 Td (we ) Tj ET Q q 0 0 0 rg BT 165.52 286.85 Td (may ) Tj ET Q q 0 0 0 rg BT 186.14 286.85 Td (have ) Tj ET Q q 0 0 0 rg BT 208.41 286.85 Td (an ) Tj ET Q q 0 0 0 rg BT 221.24 286.85 Td (improved ) Tj ET Q q 0 0 0 rg BT 262.96 286.85 Td (pace ) Tj ET Q q 0 0 0 rg BT 284.68 286.85 Td (of ) Tj ET Q q 0 0 0 rg BT 296.40 286.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 331.44 286.85 Td (generation, ) Tj ET Q q 0 0 0 rg BT 379.54 286.85 Td (barring ) Tj ET Q q 0 0 0 rg BT 411.81 286.85 Td (a ) Tj ET Q q 0 0 0 rg BT 419.65 286.85 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 468.59 286.85 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 523.07 286.85 Td (in ) Tj ET Q q 0 0 0 rg BT 534.25 286.85 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.85 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 96.35 274.85 Td ( ) Tj ET Q q 0 0 0 rg BT 98.38 274.85 Td (The ) Tj ET Q q 0 0 0 rg BT 116.11 274.85 Td (global ) Tj ET Q q 0 0 0 rg BT 143.29 274.85 Td (equity ) Tj ET Q q 0 0 0 rg BT 170.46 274.85 Td (and ) Tj ET Q q 0 0 0 rg BT 187.09 274.85 Td (credit ) Tj ET Q q 0 0 0 rg BT 212.03 274.85 Td (markets ) Tj ET Q q 0 0 0 rg BT 245.87 274.85 Td (have ) Tj ET Q q 0 0 0 rg BT 266.94 274.85 Td (been ) Tj ET Q q 0 0 0 rg BT 288.00 274.85 Td (highly ) Tj ET Q q 0 0 0 rg BT 315.74 274.85 Td (volatile ) Tj ET Q q 0 0 0 rg BT 347.91 274.85 Td (and ) Tj ET Q q 0 0 0 rg BT 364.53 274.85 Td (experienced ) Tj ET Q q 0 0 0 rg BT 415.02 274.85 Td (significant ) Tj ET Q q 0 0 0 rg BT 459.41 274.85 Td (declines ) Tj ET Q q 0 0 0 rg BT 494.36 274.85 Td (in ) Tj ET Q q 0 0 0 rg BT 504.32 274.85 Td (the ) Tj ET Q q 0 0 0 rg BT 518.73 274.85 Td (first ) Tj ET Q q 0 0 0 rg BT 537.02 274.85 Td (weeks ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.85 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 262.85 Td (2016, ) Tj ET Q q 0 0 0 rg BT 85.83 262.85 Td (which ) Tj ET Q q 0 0 0 rg BT 112.77 262.85 Td (creates ) Tj ET Q q 0 0 0 rg BT 143.02 262.85 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 190.50 262.85 Td (and ) Tj ET Q q 0 0 0 rg BT 207.44 262.85 Td (potentially ) Tj ET Q q 0 0 0 rg BT 252.71 262.85 Td (could ) Tj ET Q q 0 0 0 rg BT 277.43 262.85 Td (result ) Tj ET Q q 0 0 0 rg BT 302.14 262.85 Td (in ) Tj ET Q q 0 0 0 rg BT 312.42 262.85 Td (reduced ) Tj ET Q q 0 0 0 rg BT 346.57 262.85 Td (transaction ) Tj ET Q q 0 0 0 rg BT 392.94 262.85 Td (activity ) Tj ET Q q 0 0 0 rg BT 425.43 262.85 Td (for ) Tj ET Q q 0 0 0 rg BT 439.59 262.85 Td (some ) Tj ET Q q 0 0 0 rg BT 463.20 262.85 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 241.85 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 122.85 241.85 Td (and ) Tj ET Q q 0 0 0 rg BT 140.37 241.85 Td (benefits ) Tj ET Q q 0 0 0 rg BT 175.10 241.85 Td (expense, ) Tj ET Q q 0 0 0 rg BT 212.89 241.85 Td (which ) Tj ET Q q 0 0 0 rg BT 240.41 241.85 Td (we ) Tj ET Q q 0 0 0 rg BT 255.14 241.85 Td (measure ) Tj ET Q q 0 0 0 rg BT 291.54 241.85 Td (as ) Tj ET Q q 0 0 0 rg BT 302.95 241.85 Td (a ) Tj ET Q q 0 0 0 rg BT 310.46 241.85 Td (percentage ) Tj ET Q q 0 0 0 rg BT 356.84 241.85 Td (of ) Tj ET Q q 0 0 0 rg BT 368.25 241.85 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 409.37 241.85 Td (was ) Tj ET Q q 0 0 0 rg BT 428.00 241.85 Td (56% ) Tj ET Q q 0 0 0 rg BT 449.41 241.85 Td (in ) Tj ET Q q 0 0 0 rg BT 460.26 241.85 Td (2015, ) Tj ET Q q 0 0 0 rg BT 485.84 241.85 Td (which ) Tj ET Q q 0 0 0 rg BT 513.36 241.85 Td (was ) Tj ET Q q 0 0 0 rg BT 531.99 241.85 Td (slightly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.85 Td (higher ) Tj ET Q q 0 0 0 rg BT 78.04 229.85 Td (than ) Tj ET Q q 0 0 0 rg BT 97.76 229.85 Td (the ) Tj ET Q q 0 0 0 rg BT 112.47 229.85 Td (ratio ) Tj ET Q q 0 0 0 rg BT 133.29 229.85 Td (of ) Tj ET Q q 0 0 0 rg BT 144.12 229.85 Td (54% ) Tj ET Q q 0 0 0 rg BT 164.95 229.85 Td (in ) Tj ET Q q 0 0 0 rg BT 175.22 229.85 Td (both ) Tj ET Q q 0 0 0 rg BT 195.50 229.85 Td (2014 ) Tj ET Q q 0 0 0 rg BT 217.99 229.85 Td (and ) Tj ET Q q 0 0 0 rg BT 234.93 229.85 Td (2013. ) Tj ET Q q 0 0 0 rg BT 259.92 229.85 Td ( ) Tj ET Q q 0 0 0 rg BT 262.42 229.85 Td (Our ) Tj ET Q q 0 0 0 rg BT 280.47 229.85 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 356.84 229.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 379.33 229.85 Td (increased ) Tj ET Q q 0 0 0 rg BT 419.58 229.85 Td (in ) Tj ET Q q 0 0 0 rg BT 429.86 229.85 Td (2015 ) Tj ET Q q 0 0 0 rg BT 452.36 229.85 Td (over ) Tj ET Q q 0 0 0 rg BT 472.62 229.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 494.56 229.85 Td (years, ) Tj ET Q q 0 0 0 rg BT 520.65 229.85 Td (which ) Tj ET Q q 0 0 0 rg BT 547.59 229.85 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.85 Td (remained ) Tj ET Q q 0 0 0 rg BT 89.47 217.85 Td (relatively ) Tj ET Q q 0 0 0 rg BT 129.49 217.85 Td (constant ) Tj ET Q q 0 0 0 rg BT 165.08 217.85 Td (in ) Tj ET Q q 0 0 0 rg BT 175.13 217.85 Td (absolute ) Tj ET Q q 0 0 0 rg BT 210.72 217.85 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 242.70 217.85 Td (primarily ) Tj ET Q q 0 0 0 rg BT 282.18 217.85 Td (due ) Tj ET Q q 0 0 0 rg BT 298.88 217.85 Td (to ) Tj ET Q q 0 0 0 rg BT 308.93 217.85 Td (the ) Tj ET Q q 0 0 0 rg BT 323.41 217.85 Td (addition ) Tj ET Q q 0 0 0 rg BT 358.45 217.85 Td (of ) Tj ET Q q 0 0 0 rg BT 369.04 217.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 407.41 217.85 Td (related ) Tj ET Q q 0 0 0 rg BT 436.88 217.85 Td (to ) Tj ET Q q 0 0 0 rg BT 446.92 217.85 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 486.95 217.85 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 518.10 217.85 Td (and ) Tj ET Q q 0 0 0 rg BT 534.80 217.85 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 87.94 205.85 Td (which ) Tj ET Q q 0 0 0 rg BT 114.21 205.85 Td (we ) Tj ET Q q 0 0 0 rg BT 127.71 205.85 Td (do ) Tj ET Q q 0 0 0 rg BT 139.55 205.85 Td (not ) Tj ET Q q 0 0 0 rg BT 154.16 205.85 Td (expect ) Tj ET Q q 0 0 0 rg BT 182.09 205.85 Td (to ) Tj ET Q q 0 0 0 rg BT 191.71 205.85 Td (recur) Tj ET Q q 0 0 0 rg BT 211.85 205.85 Td (, ) Tj ET Q q 0 0 0 rg BT 216.18 205.85 Td (such ) Tj ET Q q 0 0 0 rg BT 236.35 205.85 Td (as ) Tj ET Q q 0 0 0 rg BT 246.52 205.85 Td (transaction ) Tj ET Q q 0 0 0 rg BT 292.23 205.85 Td (costs ) Tj ET Q q 0 0 0 rg BT 314.07 205.85 Td (associated ) Tj ET Q q 0 0 0 rg BT 357.00 205.85 Td (with ) Tj ET Q q 0 0 0 rg BT 376.61 205.85 Td (the ) Tj ET Q q 0 0 0 rg BT 390.67 205.85 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 436.39 205.85 Td (of ) Tj ET Q q 0 0 0 rg BT 446.55 205.85 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 477.28 205.85 Td (and ) Tj ET Q q 0 0 0 rg BT 493.55 205.85 Td (foreign ) Tj ET Q q 0 0 0 rg BT 524.27 205.85 Td (exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.85 Td (losses ) Tj ET Q q 0 0 0 rg BT 76.73 193.85 Td (related ) Tj ET Q q 0 0 0 rg BT 106.76 193.85 Td (to ) Tj ET Q q 0 0 0 rg BT 117.38 193.85 Td (the ) Tj ET Q q 0 0 0 rg BT 132.43 193.85 Td (way ) Tj ET Q q 0 0 0 rg BT 151.92 193.85 Td (we ) Tj ET Q q 0 0 0 rg BT 166.42 193.85 Td (elected ) Tj ET Q q 0 0 0 rg BT 197.56 193.85 Td (to ) Tj ET Q q 0 0 0 rg BT 208.17 193.85 Td (finance ) Tj ET Q q 0 0 0 rg BT 240.43 193.85 Td (our ) Tj ET Q q 0 0 0 rg BT 256.60 193.85 Td (start-up ) Tj ET Q q 0 0 0 rg BT 289.98 193.85 Td (in ) Tj ET Q q 0 0 0 rg BT 300.59 193.85 Td (Brazil. ) Tj ET Q q 0 0 0 rg BT 329.73 193.85 Td (As ) Tj ET Q q 0 0 0 rg BT 343.68 193.85 Td (a ) Tj ET Q q 0 0 0 rg BT 350.95 193.85 Td (percentage ) Tj ET Q q 0 0 0 rg BT 397.09 193.85 Td (of ) Tj ET Q q 0 0 0 rg BT 408.25 193.85 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 449.13 193.85 Td (our ) Tj ET Q q 0 0 0 rg BT 465.29 193.85 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 542.00 193.85 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.85 Td (have ) Tj ET Q q 0 0 0 rg BT 71.02 181.85 Td (ranged ) Tj ET Q q 0 0 0 rg BT 100.36 181.85 Td (from ) Tj ET Q q 0 0 0 rg BT 121.94 181.85 Td (21% ) Tj ET Q q 0 0 0 rg BT 142.41 181.85 Td (to ) Tj ET Q q 0 0 0 rg BT 152.32 181.85 Td (27% ) Tj ET Q q 0 0 0 rg BT 172.79 181.85 Td (over ) Tj ET Q q 0 0 0 rg BT 192.70 181.85 Td (the ) Tj ET Q q 0 0 0 rg BT 207.06 181.85 Td (past ) Tj ET Q q 0 0 0 rg BT 225.30 181.85 Td (three ) Tj ET Q q 0 0 0 rg BT 247.43 181.85 Td (years, ) Tj ET Q q 0 0 0 rg BT 273.16 181.85 Td (and ) Tj ET Q q 0 0 0 rg BT 289.74 181.85 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.31 181.85 Td (27%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.64 181.85 Td ( ) Tj ET Q q 0 0 0 rg BT 331.78 181.85 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.69 181.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.69 181.85 Td (. ) Tj ET Q q 0 0 0 rg BT 366.33 181.85 Td ( ) Tj ET Q q 0 0 0 rg BT 368.47 181.85 Td (Our ) Tj ET Q q 0 0 0 rg BT 386.16 181.85 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 416.62 181.85 Td (mar) Tj ET Q q 0 0 0 rg BT 431.98 181.85 Td (gin ) Tj ET Q q 0 0 0 rg BT 446.90 181.85 Td (has ) Tj ET Q q 0 0 0 rg BT 462.37 181.85 Td (ranged ) Tj ET Q q 0 0 0 rg BT 491.71 181.85 Td (from ) Tj ET Q q 0 0 0 rg BT 513.29 181.85 Td (17% ) Tj ET Q q 0 0 0 rg BT 533.76 181.85 Td (to ) Tj ET Q q 0 0 0 rg BT 543.68 181.85 Td (25% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.85 Td (over ) Tj ET Q q 0 0 0 rg BT 71.04 169.85 Td (the ) Tj ET Q q 0 0 0 rg BT 86.54 169.85 Td (past ) Tj ET Q q 0 0 0 rg BT 105.92 169.85 Td (three ) Tj ET Q q 0 0 0 rg BT 129.18 169.85 Td (years, ) Tj ET Q q 0 0 0 rg BT 156.05 169.85 Td (and ) Tj ET Q q 0 0 0 rg BT 173.77 169.85 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.60 169.85 Td (17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.93 169.85 Td ( ) Tj ET Q q 0 0 0 rg BT 214.20 169.85 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.25 169.85 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.25 169.85 Td (. ) Tj ET Q q 0 0 0 rg BT 251.03 169.85 Td (Given ) Tj ET Q q 0 0 0 rg BT 278.74 169.85 Td (the ) Tj ET Q q 0 0 0 rg BT 294.24 169.85 Td (relatively ) Tj ET Q q 0 0 0 rg BT 335.27 169.85 Td (fixed ) Tj ET Q q 0 0 0 rg BT 359.09 169.85 Td (nature ) Tj ET Q q 0 0 0 rg BT 387.35 169.85 Td (of ) Tj ET Q q 0 0 0 rg BT 398.96 169.85 Td (our ) Tj ET Q q 0 0 0 rg BT 415.56 169.85 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 492.71 169.85 Td (expenses ) Tj ET Q q 0 0 0 rg BT 532.09 169.85 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 169.85 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.85 Td (expected ) Tj ET Q q 0 0 0 rg BT 88.69 157.85 Td (elimination ) Tj ET Q q 0 0 0 rg BT 137.40 157.85 Td (of ) Tj ET Q q 0 0 0 rg BT 148.88 157.85 Td (some ) Tj ET Q q 0 0 0 rg BT 173.15 157.85 Td (of ) Tj ET Q q 0 0 0 rg BT 184.64 157.85 Td (the ) Tj ET Q q 0 0 0 rg BT 200.01 157.85 Td (unusual ) Tj ET Q q 0 0 0 rg BT 234.28 157.85 Td (items ) Tj ET Q q 0 0 0 rg BT 259.10 157.85 Td (from ) Tj ET Q q 0 0 0 rg BT 281.70 157.85 Td (2015, ) Tj ET Q q 0 0 0 rg BT 307.36 157.85 Td (if ) Tj ET Q q 0 0 0 rg BT 316.63 157.85 Td (revenue ) Tj ET Q q 0 0 0 rg BT 351.43 157.85 Td (generation ) Tj ET Q q 0 0 0 rg BT 396.79 157.85 Td (is ) Tj ET Q q 0 0 0 rg BT 406.62 157.85 Td (higher ) Tj ET Q q 0 0 0 rg BT 435.32 157.85 Td (in ) Tj ET Q q 0 0 0 rg BT 446.26 157.85 Td (2016, ) Tj ET Q q 0 0 0 rg BT 471.92 157.85 Td (as ) Tj ET Q q 0 0 0 rg BT 483.41 157.85 Td (we ) Tj ET Q q 0 0 0 rg BT 498.22 157.85 Td (expect, ) Tj ET Q q 0 0 0 rg BT 529.98 157.85 Td (then ) Tj ET Q q 0 0 0 rg BT 550.35 157.85 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.85 Td (expect ) Tj ET Q q 0 0 0 rg BT 78.25 145.85 Td (to ) Tj ET Q q 0 0 0 rg BT 88.19 145.85 Td (see ) Tj ET Q q 0 0 0 rg BT 103.12 145.85 Td (a ) Tj ET Q q 0 0 0 rg BT 109.71 145.85 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 169.08 145.85 Td (improvement ) Tj ET Q q 0 0 0 rg BT 224.56 145.85 Td (in ) Tj ET Q q 0 0 0 rg BT 234.49 145.85 Td (our ) Tj ET Q q 0 0 0 rg BT 249.98 145.85 Td (profit ) Tj ET Q q 0 0 0 rg BT 274.36 145.85 Td (mar) Tj ET Q q 0 0 0 rg BT 289.72 145.85 Td (gin. ) Tj ET Q q 0 0 0 rg BT 307.16 145.85 Td ( ) Tj ET Q q 0 0 0 rg BT 309.32 145.85 Td (In ) Tj ET Q q 0 0 0 rg BT 319.80 145.85 Td (addition, ) Tj ET Q q 0 0 0 rg BT 357.24 145.85 Td (on ) Tj ET Q q 0 0 0 rg BT 369.39 145.85 Td (an ) Tj ET Q q 0 0 0 rg BT 380.99 145.85 Td (after ) Tj ET Q q 0 0 0 rg BT 401.46 145.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 415.84 145.85 Td (basis, ) Tj ET Q q 0 0 0 rg BT 440.50 145.85 Td (our ) Tj ET Q q 0 0 0 rg BT 455.99 145.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 470.36 145.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 487.50 145.85 Td (for ) Tj ET Q q 0 0 0 rg BT 501.32 145.85 Td (2015 ) Tj ET Q q 0 0 0 rg BT 523.48 145.85 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.19 145.85 Td (41%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.52 145.85 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.85 Td (which ) Tj ET Q q 0 0 0 rg BT 76.75 133.85 Td (was ) Tj ET Q q 0 0 0 rg BT 94.61 133.85 Td (higher ) Tj ET Q q 0 0 0 rg BT 122.46 133.85 Td (than ) Tj ET Q q 0 0 0 rg BT 141.99 133.85 Td (the ) Tj ET Q q 0 0 0 rg BT 156.51 133.85 Td (range ) Tj ET Q q 0 0 0 rg BT 181.03 133.85 Td (of ) Tj ET Q q 0 0 0 rg BT 191.67 133.85 Td (34% ) Tj ET Q q 0 0 0 rg BT 212.31 133.85 Td (to ) Tj ET Q q 0 0 0 rg BT 222.39 133.85 Td (36% ) Tj ET Q q 0 0 0 rg BT 243.03 133.85 Td (over ) Tj ET Q q 0 0 0 rg BT 263.11 133.85 Td (the ) Tj ET Q q 0 0 0 rg BT 277.63 133.85 Td (preceding ) Tj ET Q q 0 0 0 rg BT 319.37 133.85 Td (two ) Tj ET Q q 0 0 0 rg BT 336.68 133.85 Td (years, ) Tj ET Q q 0 0 0 rg BT 362.58 133.85 Td (and ) Tj ET Q q 0 0 0 rg BT 379.33 133.85 Td (was ) Tj ET Q q 0 0 0 rg BT 397.19 133.85 Td (principally ) Tj ET Q q 0 0 0 rg BT 442.82 133.85 Td (driven ) Tj ET Q q 0 0 0 rg BT 470.67 133.85 Td (by ) Tj ET Q q 0 0 0 rg BT 482.98 133.85 Td (a ) Tj ET Q q 0 0 0 rg BT 489.73 133.85 Td (greater ) Tj ET Q q 0 0 0 rg BT 519.79 133.85 Td (proportion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.85 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 121.85 Td (earnings ) Tj ET Q q 0 0 0 rg BT 97.20 121.85 Td (being ) Tj ET Q q 0 0 0 rg BT 121.91 121.85 Td (generated ) Tj ET Q q 0 0 0 rg BT 163.27 121.85 Td (in ) Tj ET Q q 0 0 0 rg BT 173.55 121.85 Td (the ) Tj ET Q q 0 0 0 rg BT 188.26 121.85 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 208.54 121.85 Td (relative ) Tj ET Q q 0 0 0 rg BT 241.02 121.85 Td (to ) Tj ET Q q 0 0 0 rg BT 251.29 121.85 Td (other ) Tj ET Q q 0 0 0 rg BT 274.34 121.85 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 326.28 121.85 Td (in ) Tj ET Q q 0 0 0 rg BT 336.55 121.85 Td (which ) Tj ET Q q 0 0 0 rg BT 363.49 121.85 Td (we ) Tj ET Q q 0 0 0 rg BT 377.64 121.85 Td (operated ) Tj ET Q q 0 0 0 rg BT 414.56 121.85 Td (in ) Tj ET Q q 0 0 0 rg BT 424.84 121.85 Td (2015 ) Tj ET Q q 0 0 0 rg BT 447.33 121.85 Td (as ) Tj ET Q q 0 0 0 rg BT 458.16 121.85 Td (compared ) Tj ET Q q 0 0 0 rg BT 500.08 121.85 Td (to ) Tj ET Q q 0 0 0 rg BT 510.36 121.85 Td (the ) Tj ET Q q 0 0 0 rg BT 525.07 121.85 Td (prior ) Tj ET Q q 0 0 0 rg BT 547.00 121.85 Td (two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.85 Td (years. ) Tj ET Q q 0 0 0 rg BT 76.02 109.85 Td ( ) Tj ET Q q 0 0 0 rg BT 78.45 109.85 Td (For ) Tj ET Q q 0 0 0 rg BT 94.76 109.85 Td (2016 ) Tj ET Q q 0 0 0 rg BT 117.19 109.85 Td (and ) Tj ET Q q 0 0 0 rg BT 134.05 109.85 Td (future ) Tj ET Q q 0 0 0 rg BT 160.35 109.85 Td (periods, ) Tj ET Q q 0 0 0 rg BT 194.71 109.85 Td (our ) Tj ET Q q 0 0 0 rg BT 210.47 109.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 225.11 109.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 242.52 109.85 Td (will, ) Tj ET Q q 0 0 0 rg BT 263.00 109.85 Td (as ) Tj ET Q q 0 0 0 rg BT 273.75 109.85 Td (always, ) Tj ET Q q 0 0 0 rg BT 306.45 109.85 Td (be ) Tj ET Q q 0 0 0 rg BT 318.31 109.85 Td (a ) Tj ET Q q 0 0 0 rg BT 325.17 109.85 Td (function ) Tj ET Q q 0 0 0 rg BT 360.92 109.85 Td (of ) Tj ET Q q 0 0 0 rg BT 371.68 109.85 Td (the ) Tj ET Q q 0 0 0 rg BT 386.32 109.85 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 438.19 109.85 Td (in ) Tj ET Q q 0 0 0 rg BT 448.39 109.85 Td (which ) Tj ET Q q 0 0 0 rg BT 475.25 109.85 Td (we ) Tj ET Q q 0 0 0 rg BT 489.34 109.85 Td (generate ) Tj ET Q q 0 0 0 rg BT 525.62 109.85 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 564.50 109.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.85 Td (Historically) Tj ET Q q 0 0 0 rg BT 96.56 97.85 Td (, ) Tj ET Q q 0 0 0 rg BT 101.56 97.85 Td (the ) Tj ET Q q 0 0 0 rg BT 116.28 97.85 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 136.56 97.85 Td (has ) Tj ET Q q 0 0 0 rg BT 152.39 97.85 Td (had ) Tj ET Q q 0 0 0 rg BT 169.33 97.85 Td (the ) Tj ET Q q 0 0 0 rg BT 184.05 97.85 Td (highest ) Tj ET Q q 0 0 0 rg BT 215.43 97.85 Td (tax ) Tj ET Q q 0 0 0 rg BT 230.15 97.85 Td (rate ) Tj ET Q q 0 0 0 rg BT 247.64 97.85 Td (of ) Tj ET Q q 0 0 0 rg BT 258.47 97.85 Td (any ) Tj ET Q q 0 0 0 rg BT 275.41 97.85 Td (region ) Tj ET Q q 0 0 0 rg BT 303.45 97.85 Td (where ) Tj ET Q q 0 0 0 rg BT 330.38 97.85 Td (we ) Tj ET Q q 0 0 0 rg BT 344.54 97.85 Td (operate. ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 75.51699218750002 m 134.5 75.51699218750002 l s q 0 0 0 rg BT 50.00 76.85 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 76.85 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 76.85 Td ( ) Tj ET Q q 0 0 0 rg BT 124.50 76.85 Td ( ) Tj ET Q q 0 0 0 rg BT 127.00 76.85 Td ( ) Tj ET Q q 0 0 0 rg BT 129.50 76.85 Td ( ) Tj ET Q q 0 0 0 rg BT 132.00 76.85 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 58.85 Td (\(1\) ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 81.50 58.85 Td (Excludes ) Tj ET Q q 0 0 0 rg BT 112.82 58.85 Td (transactions ) Tj ET Q q 0 0 0 rg BT 153.04 58.85 Td (less ) Tj ET Q q 0 0 0 rg BT 167.04 58.85 Td (than ) Tj ET Q q 0 0 0 rg BT 182.81 58.85 Td ($100,000 ) Tj ET Q q 0 0 0 rg BT 214.81 58.85 Td (and ) Tj ET Q q 0 0 0 rg BT 228.36 58.85 Td (withdrawn/canceled ) Tj ET Q q 0 0 0 rg BT 294.77 58.85 Td (deals. ) Tj ET Q q 0 0 0 rg BT 315.21 58.85 Td ( ) Tj ET Q q 0 0 0 rg BT 317.21 58.85 Td (Source: ) Tj ET Q q 0 0 0 rg BT 343.50 58.85 Td (Thomson ) Tj ET Q q 0 0 0 rg BT 375.73 58.85 Td (Financial ) Tj ET Q q 0 0 0 rg BT 407.50 58.85 Td (as ) Tj ET Q q 0 0 0 rg BT 416.16 58.85 Td (of ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 424.82 58.85 Td (February1) Tj ET Q q 0 0 0 rg BT 459.41 58.85 Td (1, ) Tj ET Q q 0 0 0 rg BT 467.41 58.85 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.41 58.85 Td (.) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 742.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 108.56 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 113.62 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 129.50 742.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 169.82 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 190.15 742.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 211.04 742.10 Td (has ) Tj ET Q q 0 0 0 rg BT 226.92 742.10 Td (allowed ) Tj ET Q q 0 0 0 rg BT 261.13 742.10 Td (us ) Tj ET Q q 0 0 0 rg BT 272.58 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.92 742.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 320.46 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 332.46 742.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 361.67 742.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 399.22 742.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 428.99 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.88 742.10 Td ($1.80 ) Tj ET Q q 0 0 0 rg BT 464.93 742.10 Td (per ) Tj ET Q q 0 0 0 rg BT 480.26 742.10 Td (common ) Tj ET Q q 0 0 0 rg BT 517.81 742.10 Td (share ) Tj ET Q q 0 0 0 rg BT 541.47 742.10 Td (since ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (2008. ) Tj ET Q q 0 0 0 rg BT 75.24 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.97 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.71 730.10 Td (In ) Tj ET Q q 0 0 0 rg BT 91.78 730.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 133.38 730.10 Td (during ) Tj ET Q q 0 0 0 rg BT 162.22 730.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 187.46 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 201.86 730.10 Td (returned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.91 730.10 Td ($58.9 ) Tj ET Q q 0 0 0 rg BT 263.14 730.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.04 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 294.77 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.29 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 321.35 730.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 374.63 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.14 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.10 730.10 Td (form ) Tj ET Q q 0 0 0 rg BT 422.27 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.34 730.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 474.96 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.14 730.10 Td (since ) Tj ET Q q 0 0 0 rg BT 515.42 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 531.49 730.10 Td (IPO ) Tj ET Q q 0 0 0 rg BT 550.34 730.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (have ) Tj ET Q q 0 0 0 rg BT 71.08 718.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 90.49 718.10 Td (out ) Tj ET Q q 0 0 0 rg BT 105.47 718.10 Td (more ) Tj ET Q q 0 0 0 rg BT 128.21 718.10 Td (than ) Tj ET Q q 0 0 0 rg BT 147.63 718.10 Td ($500 ) Tj ET Q q 0 0 0 rg BT 169.83 718.10 Td (million ) Tj ET Q q 0 0 0 rg BT 200.92 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.90 718.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 254.48 718.10 Td (which ) Tj ET Q q 0 0 0 rg BT 281.12 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 289.99 718.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 349.94 718.10 Td (15% ) Tj ET Q q 0 0 0 rg BT 370.47 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.00 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 396.53 718.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 430.38 718.10 Td (over ) Tj ET Q q 0 0 0 rg BT 450.34 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 467.54 718.10 Td (period ) Tj ET Q q 0 0 0 rg BT 495.28 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 505.81 718.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 528.28 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 530.48 718.10 Td (Further) Tj ET Q q 0 0 0 rg BT 559.52 718.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (it ) Tj ET Q q 0 0 0 rg BT 58.58 706.10 Td (has ) Tj ET Q q 0 0 0 rg BT 74.93 706.10 Td (been ) Tj ET Q q 0 0 0 rg BT 96.82 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 113.17 706.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 152.84 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.64 706.10 Td (avoid ) Tj ET Q q 0 0 0 rg BT 188.88 706.10 Td (dilution ) Tj ET Q q 0 0 0 rg BT 223.01 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.36 706.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 287.92 706.10 Td (despite ) Tj ET Q q 0 0 0 rg BT 319.27 706.10 Td (using ) Tj ET Q q 0 0 0 rg BT 343.96 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 360.31 706.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 384.43 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 395.23 706.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 424.91 706.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 483.47 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.93 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 511.73 706.10 Td (acquisitions. ) Tj ET Q q 0 0 0 rg BT 564.50 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 96.56 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 102.29 694.10 Td (we ) Tj ET Q q 0 0 0 rg BT 117.19 694.10 Td (have ) Tj ET Q q 0 0 0 rg BT 139.30 694.10 Td (sought ) Tj ET Q q 0 0 0 rg BT 169.20 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.21 694.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 226.75 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 234.42 694.10 Td (suf) Tj ET Q q 0 0 0 rg BT 246.46 694.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 275.23 694.10 Td (number ) Tj ET Q q 0 0 0 rg BT 309.01 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.58 694.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 348.80 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.36 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 376.92 694.10 Td (common ) Tj ET Q q 0 0 0 rg BT 415.15 694.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 439.49 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.50 694.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 488.73 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 496.40 694.10 Td (flat ) Tj ET Q q 0 0 0 rg BT 512.95 694.10 Td (share ) Tj ET Q q 0 0 0 rg BT 537.29 694.10 Td (count. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (Whenever ) Tj ET Q q 0 0 0 rg BT 94.09 682.10 Td (there ) Tj ET Q q 0 0 0 rg BT 117.08 682.10 Td (have ) Tj ET Q q 0 0 0 rg BT 138.97 682.10 Td (been ) Tj ET Q q 0 0 0 rg BT 160.85 682.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 193.30 682.10 Td (when ) Tj ET Q q 0 0 0 rg BT 217.96 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 234.30 682.10 Td (share ) Tj ET Q q 0 0 0 rg BT 258.41 682.10 Td (count ) Tj ET Q q 0 0 0 rg BT 283.63 682.10 Td (has ) Tj ET Q q 0 0 0 rg BT 299.97 682.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 340.73 682.10 Td (over ) Tj ET Q q 0 0 0 rg BT 361.50 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.73 682.10 Td (level ) Tj ET Q q 0 0 0 rg BT 399.17 682.10 Td (at ) Tj ET Q q 0 0 0 rg BT 409.39 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.61 682.10 Td (time ) Tj ET Q q 0 0 0 rg BT 445.39 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.73 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 473.07 682.10 Td (IPO, ) Tj ET Q q 0 0 0 rg BT 494.69 682.10 Td (such ) Tj ET Q q 0 0 0 rg BT 516.02 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 527.36 682.10 Td (after ) Tj ET Q q 0 0 0 rg BT 548.68 682.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (Australian ) Tj ET Q q 0 0 0 rg BT 94.25 670.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 140.73 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.11 670.10 Td (2010, ) Tj ET Q q 0 0 0 rg BT 176.20 670.10 Td (we ) Tj ET Q q 0 0 0 rg BT 190.46 670.10 Td (have ) Tj ET Q q 0 0 0 rg BT 211.93 670.10 Td (then ) Tj ET Q q 0 0 0 rg BT 231.75 670.10 Td (sought ) Tj ET Q q 0 0 0 rg BT 261.01 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 271.39 670.10 Td (revert ) Tj ET Q q 0 0 0 rg BT 297.30 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.67 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.49 670.10 Td (share ) Tj ET Q q 0 0 0 rg BT 346.18 670.10 Td (count ) Tj ET Q q 0 0 0 rg BT 371.00 670.10 Td (at ) Tj ET Q q 0 0 0 rg BT 380.81 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.62 670.10 Td (time ) Tj ET Q q 0 0 0 rg BT 415.99 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.92 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.73 670.10 Td (IPO. ) Tj ET Q q 0 0 0 rg BT 462.94 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 465.35 670.10 Td (While ) Tj ET Q q 0 0 0 rg BT 492.38 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.20 670.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 553.68 670.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 81.28 658.10 Td (has ) Tj ET Q q 0 0 0 rg BT 97.00 658.10 Td (again ) Tj ET Q q 0 0 0 rg BT 121.05 658.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 161.20 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 176.93 658.10 Td (share ) Tj ET Q q 0 0 0 rg BT 200.42 658.10 Td (count ) Tj ET Q q 0 0 0 rg BT 225.03 658.10 Td (over ) Tj ET Q q 0 0 0 rg BT 245.19 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.80 658.10 Td (IPO ) Tj ET Q q 0 0 0 rg BT 278.31 658.10 Td (level, ) Tj ET Q q 0 0 0 rg BT 302.64 658.10 Td (we ) Tj ET Q q 0 0 0 rg BT 316.69 658.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 344.08 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.25 658.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 374.42 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.59 658.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 413.63 658.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.35 658.10 Td (share ) Tj ET Q q 0 0 0 rg BT 452.85 658.10 Td (count ) Tj ET Q q 0 0 0 rg BT 477.46 658.10 Td (over ) Tj ET Q q 0 0 0 rg BT 497.62 658.10 Td (time ) Tj ET Q q 0 0 0 rg BT 517.79 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.96 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.57 658.10 Td (level ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.85 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.69 646.10 Td (time ) Tj ET Q q 0 0 0 rg BT 95.10 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.05 646.10 Td (our ) Tj ET Q q 0 0 0 rg BT 122.01 646.10 Td (IPO. ) Tj ET Q q 0 0 0 rg BT 143.26 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.89 646.10 Td (In ) Tj ET Q q 0 0 0 rg BT 156.85 646.10 Td (that ) Tj ET Q q 0 0 0 rg BT 174.47 646.10 Td (regard, ) Tj ET Q q 0 0 0 rg BT 205.14 646.10 Td (our ) Tj ET Q q 0 0 0 rg BT 221.10 646.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 248.16 646.10 Td (has ) Tj ET Q q 0 0 0 rg BT 264.12 646.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 308.96 646.10 Td (up ) Tj ET Q q 0 0 0 rg BT 321.58 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.99 646.10 Td ($75 ) Tj ET Q q 0 0 0 rg BT 349.62 646.10 Td (million ) Tj ET Q q 0 0 0 rg BT 381.14 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.10 646.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 434.72 646.10 Td (share ) Tj ET Q q 0 0 0 rg BT 458.45 646.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 508.28 646.10 Td (in ) Tj ET Q q 0 0 0 rg BT 518.68 646.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 543.81 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.44 646.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 634.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.78 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 87.78 634.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 104.45 634.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 145.56 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.22 634.10 Td (make ) Tj ET Q q 0 0 0 rg BT 186.10 634.10 Td (share ) Tj ET Q q 0 0 0 rg BT 209.43 634.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 258.85 634.10 Td (is ) Tj ET Q q 0 0 0 rg BT 267.75 634.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 298.30 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.30 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 314.96 634.10 Td (number ) Tj ET Q q 0 0 0 rg BT 347.74 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.29 634.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 387.72 634.10 Td (described ) Tj ET Q q 0 0 0 rg BT 428.27 634.10 Td (under ) Tj ET Q q 0 0 0 rg BT 453.26 634.10 Td ("Risk ) Tj ET Q q 0 0 0 rg BT 477.91 634.10 Td (Factors" ) Tj ET Q q 0 0 0 rg BT 513.65 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.66 634.10 Td (this ) Tj ET Q q 0 0 0 rg BT 540.33 634.10 Td (Form ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (10-K. ) Tj ET Q q 0 0 0 rg BT 76.06 622.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.06 622.10 Td (See ) Tj ET Q q 0 0 0 rg BT 96.50 622.10 Td ("Item ) Tj ET Q q 0 0 0 rg BT 121.92 622.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 132.42 622.10 Td (Management's ) Tj ET Q q 0 0 0 rg BT 193.32 622.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 240.22 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.00 622.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 295.00 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.33 622.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 346.55 622.10 Td (Condition ) Tj ET Q q 0 0 0 rg BT 389.56 622.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.00 622.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 439.46 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.79 622.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 497.67 622.10 Td (-- ) Tj ET Q q 0 0 0 rg BT 507.34 622.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 547.56 622.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 81.38 610.10 Td (Resources".) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 589.10 Td (W) Tj ET Q q 0 0 0 rg BT 72.14 589.10 Td (e ) Tj ET Q q 0 0 0 rg BT 79.76 589.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 120.15 589.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 166.64 589.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 212.04 589.10 Td (variations ) Tj ET Q q 0 0 0 rg BT 254.66 589.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.63 589.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 304.35 589.10 Td (during ) Tj ET Q q 0 0 0 rg BT 333.65 589.10 Td (each ) Tj ET Q q 0 0 0 rg BT 355.15 589.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 394.43 589.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 425.44 589.10 Td (These ) Tj ET Q q 0 0 0 rg BT 452.50 589.10 Td (variations ) Tj ET Q q 0 0 0 rg BT 495.12 589.10 Td (can ) Tj ET Q q 0 0 0 rg BT 512.19 589.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 552.58 589.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (attributed ) Tj ET Q q 0 0 0 rg BT 90.81 577.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.08 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.79 577.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 133.27 577.10 Td (that ) Tj ET Q q 0 0 0 rg BT 150.76 577.10 Td (a ) Tj ET Q q 0 0 0 rg BT 157.69 577.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 194.06 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.89 577.10 Td (our ) Tj ET Q q 0 0 0 rg BT 220.71 577.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 258.74 577.10 Td (are ) Tj ET Q q 0 0 0 rg BT 273.44 577.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 304.82 577.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 333.96 577.10 Td (in ) Tj ET Q q 0 0 0 rg BT 344.23 577.10 Td (lar) Tj ET Q q 0 0 0 rg BT 354.59 577.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 366.53 577.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 402.91 577.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 449.28 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.99 577.10 Td (year ) Tj ET Q q 0 0 0 rg BT 483.69 577.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 506.19 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.90 577.10 Td (successful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 97.40 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.13 565.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 160.81 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.43 565.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 203.95 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.69 565.10 Td (which ) Tj ET Q q 0 0 0 rg BT 241.53 565.10 Td (are ) Tj ET Q q 0 0 0 rg BT 256.15 565.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 295.76 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.60 565.10 Td (are ) Tj ET Q q 0 0 0 rg BT 327.22 565.10 Td (not ) Tj ET Q q 0 0 0 rg BT 342.40 565.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 373.13 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.32 565.10 Td (our ) Tj ET Q q 0 0 0 rg BT 399.06 565.10 Td (control. ) Tj ET Q q 0 0 0 rg BT 432.29 565.10 Td ( ) Tj ET Q q 0 0 0 rg BT 434.17 565.10 Td (As ) Tj ET Q q 0 0 0 rg BT 447.69 565.10 Td (a ) Tj ET Q q 0 0 0 rg BT 454.53 565.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 481.66 565.10 Td (our ) Tj ET Q q 0 0 0 rg BT 497.39 565.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 535.89 565.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 70.45 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.57 553.10 Td (our ) Tj ET Q q 0 0 0 rg BT 103.59 553.10 Td (results ) Tj ET Q q 0 0 0 rg BT 132.38 553.10 Td (in ) Tj ET Q q 0 0 0 rg BT 142.84 553.10 Td (one ) Tj ET Q q 0 0 0 rg BT 159.96 553.10 Td (period ) Tj ET Q q 0 0 0 rg BT 188.19 553.10 Td (may ) Tj ET Q q 0 0 0 rg BT 208.09 553.10 Td (not ) Tj ET Q q 0 0 0 rg BT 223.55 553.10 Td (be ) Tj ET Q q 0 0 0 rg BT 235.67 553.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 277.79 553.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.80 553.10 Td (our ) Tj ET Q q 0 0 0 rg BT 304.81 553.10 Td (results ) Tj ET Q q 0 0 0 rg BT 333.60 553.10 Td (in ) Tj ET Q q 0 0 0 rg BT 344.06 553.10 Td (any ) Tj ET Q q 0 0 0 rg BT 361.19 553.10 Td (future ) Tj ET Q q 0 0 0 rg BT 387.75 553.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 418.48 553.10 Td (Further) Tj ET Q q 0 0 0 rg BT 447.51 553.10 Td (, ) Tj ET Q q 0 0 0 rg BT 452.70 553.10 Td (as ) Tj ET Q q 0 0 0 rg BT 463.71 553.10 Td (we ) Tj ET Q q 0 0 0 rg BT 478.05 553.10 Td (experienced ) Tj ET Q q 0 0 0 rg BT 529.04 553.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.50 553.10 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 541.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 93.33 541.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.16 541.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 150.53 541.10 Td (completions ) Tj ET Q q 0 0 0 rg BT 201.91 541.10 Td (may ) Tj ET Q q 0 0 0 rg BT 221.63 541.10 Td (also ) Tj ET Q q 0 0 0 rg BT 240.24 541.10 Td (create ) Tj ET Q q 0 0 0 rg BT 266.60 541.10 Td (variations ) Tj ET Q q 0 0 0 rg BT 308.54 541.10 Td (in ) Tj ET Q q 0 0 0 rg BT 318.81 541.10 Td (our ) Tj ET Q q 0 0 0 rg BT 334.64 541.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 363.80 541.10 Td (results.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 259.85 517.10 Td (Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 496.10 Td (The ) Tj ET Q q 0 0 0 rg BT 80.05 496.10 Td (following ) Tj ET Q q 0 0 0 rg BT 121.43 496.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 147.26 496.10 Td (set ) Tj ET Q q 0 0 0 rg BT 160.87 496.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 182.81 496.10 Td (data ) Tj ET Q q 0 0 0 rg BT 201.96 496.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 235.00 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.28 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.00 496.10 Td (Firm) Tj ET Q q 0 0 0 rg BT 282.22 496.10 Td (s ) Tj ET Q q 0 0 0 rg BT 288.62 496.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 321.11 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.94 496.10 Td (revenues:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 240.95 475.10 Td (Historical Revenues by Sour) Tj ET Q q 0 0 0 rg BT 362.16 475.10 Td (ce) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 414.80 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 414.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 414.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 414.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 414.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 414.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 414.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 414.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 414.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 414.80 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 399.80 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 384.80 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 384.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 384.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 384.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 384.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 384.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 384.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 384.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 384.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 384.80 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 440.8 m 306.5 440.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 440.8 m 310.5 440.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 440.8 m 370.5 440.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 440.8 m 374.5 440.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 440.8 m 434.5 440.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 440.8 m 438.5 440.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 440.8 m 498.5 440.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 440.8 m 502.5 440.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 440.8 m 562.5 440.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 440.8 m 306.5 440.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 427.8 m 306.5 427.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 440.8 m 370.5 440.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 427.8 m 370.5 427.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 440.8 m 434.5 440.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 427.8 m 434.5 427.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 440.8 m 498.5 440.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 427.8 m 498.5 427.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 440.8 m 562.5 440.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 427.8 m 562.5 427.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 384.8 m 306.5 384.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 384.8 m 370.5 384.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 384.8 m 434.5 384.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 384.8 m 498.5 384.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 384.8 m 562.5 384.8 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.75 445.03 Td (For the Years Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.00 432.03 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.00 432.03 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 432.03 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 432.03 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.20 432.03 Td (2011) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 383.40 419.03 Td (\(in millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 405.37 Td (Advisory revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 404.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 404.47 Td (260.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 404.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 404.47 Td (280.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 404.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 404.47 Td (287.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 404.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 404.47 Td (291.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 404.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 404.47 Td (302.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 390.37 Td (Investment revenues \(losses\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.15 389.47 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.80 389.52 Td (\(5.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.65 389.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 389.47 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 389.52 Td (\(6.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 389.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.80 389.52 Td (\(8.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 389.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 375.37 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 374.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.15 374.47 Td (261.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.00 374.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.15 374.47 Td (275.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 374.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 374.47 Td (287.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 374.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 374.47 Td (285.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 374.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 374.47 Td (294.0) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 346.30 Td (Advisory Revenues) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.95 325.30 Td (Historical ) Tj ET Q q 0 0 0 rg BT 246.11 325.30 Td (Advisory Revenues by Client Location) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 278.00 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 278.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 278.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 278.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 278.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 278.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 278.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 278.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 278.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 278.00 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 263.00 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 248.00 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 248.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 248.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 248.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 248.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 248.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 248.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 248.00 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 248.00 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 248.00 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 233.00 196.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 291 m 306.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 291 m 310.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 291 m 370.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 291 m 374.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 291 m 434.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 291 m 438.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 291 m 498.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 291 m 502.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 291 m 562.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 291 m 306.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 278 m 306.5 278 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 291 m 370.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 278 m 370.5 278 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 291 m 434.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 278 m 434.5 278 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 291 m 498.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 278 m 498.5 278 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 291 m 562.5 291 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 278 m 562.5 278 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 278 m 306.5 278 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 278 m 370.5 278 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 278 m 434.5 278 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 278 m 498.5 278 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 278 m 562.5 278 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 344.75 295.23 Td (For the Years Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.00 282.23 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.00 282.23 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 282.23 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 282.23 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.20 282.23 Td (2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 268.57 Td (North America) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 267.67 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 267.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 267.67 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 267.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 267.67 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 267.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 267.67 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 267.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 267.67 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 267.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 253.57 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 252.67 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 252.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 252.67 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 252.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 252.67 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 252.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 252.67 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 252.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 252.67 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 252.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 238.57 Td (Australia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 237.67 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 237.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 237.67 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 237.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 237.67 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 237.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 237.67 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 237.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 237.67 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 237.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 223.57 Td (Asia, Latin America& Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 222.67 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 222.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 222.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 222.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 222.67 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 222.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 222.67 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 222.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 222.67 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 222.67 Td (%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (28) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 216.50 742.25 Td (Historical ) Tj ET Q q 0 0 0 rg BT 260.66 742.25 Td (Advisory Revenues by Industry) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 694.95 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 694.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 694.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 694.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 694.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 694.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 694.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 694.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 694.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 694.95 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 679.95 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 664.95 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 664.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 664.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 664.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 664.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 664.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 664.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 664.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 664.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 664.95 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 649.95 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 634.95 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 634.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 634.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 634.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 634.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 634.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 634.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 634.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 634.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 634.95 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 619.95 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 604.95 196.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 246.50 604.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 306.50 604.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 310.50 604.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 370.50 604.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 604.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 604.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 604.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 604.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 604.95 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 589.95 196.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 707.95 m 306.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 306.5 707.95 m 310.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 707.95 m 370.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370.5 707.95 m 374.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 707.95 m 434.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 707.95 m 438.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 707.95 m 498.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 707.95 m 502.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 707.95 m 562.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 707.95 m 306.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 694.95 m 306.5 694.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 707.95 m 370.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 694.95 m 370.5 694.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 707.95 m 434.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 694.95 m 434.5 694.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 707.95 m 498.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 694.95 m 498.5 694.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 707.95 m 562.5 707.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 694.95 m 562.5 694.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 246.5 694.95 m 306.5 694.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 310.5 694.95 m 370.5 694.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 694.95 m 434.5 694.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 694.95 m 498.5 694.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 694.95 m 562.5 694.95 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 346.35 712.18 Td (For the Year Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 268.00 699.18 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 332.00 699.18 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 699.18 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 699.18 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.20 699.18 Td (2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 685.52 Td (Technology, Communications& Media) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 684.62 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 684.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 684.62 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 684.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 684.62 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 684.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 684.62 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 684.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 684.62 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 684.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 670.52 Td (Consumer Goods& Retail) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 669.62 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 669.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 669.62 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 669.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 669.62 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 669.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 669.62 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 669.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 669.62 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 669.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 655.52 Td (Energy& Utilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 654.62 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 654.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 654.62 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 654.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 654.62 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 654.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 654.62 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 654.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 654.62 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 654.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 640.52 Td (Financial Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 639.62 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 639.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 639.62 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 639.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 639.62 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 639.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 639.62 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 639.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 639.62 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 639.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 625.52 Td (Healthcare) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 624.62 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 624.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 624.62 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 624.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 624.62 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 624.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 624.62 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 624.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 624.62 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 624.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 610.52 Td (Real Estate, Lodging& Leisure) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.65 609.62 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 609.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 609.62 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 609.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 609.62 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 609.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 609.62 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 609.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 609.62 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 609.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 595.52 Td (General Industrial& Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 594.62 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 594.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 594.62 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 594.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 594.62 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 594.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 594.62 Td (31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 594.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 594.62 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 594.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 580.52 Td (Capital Advisory \(Fund Placement\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.65 579.62 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.65 579.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.65 579.62 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.65 579.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 579.62 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 579.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 579.62 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 579.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 579.62 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 579.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 551.45 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 551.45 Td (e ) Tj ET Q q 0 0 0 rg BT 77.83 551.45 Td (operate ) Tj ET Q q 0 0 0 rg BT 110.01 551.45 Td (in ) Tj ET Q q 0 0 0 rg BT 120.55 551.45 Td (a ) Tj ET Q q 0 0 0 rg BT 127.74 551.45 Td (highly ) Tj ET Q q 0 0 0 rg BT 156.06 551.45 Td (competitive ) Tj ET Q q 0 0 0 rg BT 206.02 551.45 Td (environment ) Tj ET Q q 0 0 0 rg BT 259.32 551.45 Td (where ) Tj ET Q q 0 0 0 rg BT 286.50 551.45 Td (there ) Tj ET Q q 0 0 0 rg BT 309.24 551.45 Td (are ) Tj ET Q q 0 0 0 rg BT 324.21 551.45 Td (no ) Tj ET Q q 0 0 0 rg BT 336.96 551.45 Td (long-term ) Tj ET Q q 0 0 0 rg BT 379.15 551.45 Td (contracted ) Tj ET Q q 0 0 0 rg BT 423.55 551.45 Td (sources ) Tj ET Q q 0 0 0 rg BT 456.30 551.45 Td (of ) Tj ET Q q 0 0 0 rg BT 467.38 551.45 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 504.29 551.45 Td (Each ) Tj ET Q q 0 0 0 rg BT 527.03 551.45 Td (revenue-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.45 Td (generating ) Tj ET Q q 0 0 0 rg BT 94.34 539.45 Td (engagement ) Tj ET Q q 0 0 0 rg BT 144.79 539.45 Td (is ) Tj ET Q q 0 0 0 rg BT 153.60 539.45 Td (separately ) Tj ET Q q 0 0 0 rg BT 196.28 539.45 Td (awarded ) Tj ET Q q 0 0 0 rg BT 232.28 539.45 Td (and ) Tj ET Q q 0 0 0 rg BT 248.86 539.45 Td (negotiated. ) Tj ET Q q 0 0 0 rg BT 295.15 539.45 Td (Our ) Tj ET Q q 0 0 0 rg BT 312.84 539.45 Td (list ) Tj ET Q q 0 0 0 rg BT 327.21 539.45 Td (of ) Tj ET Q q 0 0 0 rg BT 337.68 539.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 365.92 539.45 Td (with ) Tj ET Q q 0 0 0 rg BT 385.84 539.45 Td (whom ) Tj ET Q q 0 0 0 rg BT 412.98 539.45 Td (there ) Tj ET Q q 0 0 0 rg BT 435.11 539.45 Td (are ) Tj ET Q q 0 0 0 rg BT 449.46 539.45 Td (active ) Tj ET Q q 0 0 0 rg BT 475.47 539.45 Td (engagements ) Tj ET Q q 0 0 0 rg BT 529.81 539.45 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.45 Td (continually) Tj ET Q q 0 0 0 rg BT 94.34 527.45 Td (. ) Tj ET Q q 0 0 0 rg BT 98.79 527.45 Td (T) Tj ET Q q 0 0 0 rg BT 104.20 527.45 Td (o ) Tj ET Q q 0 0 0 rg BT 111.30 527.45 Td (develop ) Tj ET Q q 0 0 0 rg BT 145.06 527.45 Td (new ) Tj ET Q q 0 0 0 rg BT 163.82 527.45 Td (client ) Tj ET Q q 0 0 0 rg BT 188.14 527.45 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 243.84 527.45 Td (and ) Tj ET Q q 0 0 0 rg BT 260.38 527.45 Td (to ) Tj ET Q q 0 0 0 rg BT 270.26 527.45 Td (develop ) Tj ET Q q 0 0 0 rg BT 304.02 527.45 Td (new ) Tj ET Q q 0 0 0 rg BT 322.78 527.45 Td (engagements ) Tj ET Q q 0 0 0 rg BT 377.09 527.45 Td (from ) Tj ET Q q 0 0 0 rg BT 398.63 527.45 Td (historic ) Tj ET Q q 0 0 0 rg BT 430.72 527.45 Td (client ) Tj ET Q q 0 0 0 rg BT 455.04 527.45 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 510.74 527.45 Td (we ) Tj ET Q q 0 0 0 rg BT 524.51 527.45 Td (maintain, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.45 Td (on ) Tj ET Q q 0 0 0 rg BT 62.56 515.45 Td (an ) Tj ET Q q 0 0 0 rg BT 74.55 515.45 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 109.88 515.45 Td (basis, ) Tj ET Q q 0 0 0 rg BT 134.94 515.45 Td (active ) Tj ET Q q 0 0 0 rg BT 161.36 515.45 Td (business ) Tj ET Q q 0 0 0 rg BT 197.81 515.45 Td (dialogues ) Tj ET Q q 0 0 0 rg BT 238.69 515.45 Td (with ) Tj ET Q q 0 0 0 rg BT 259.03 515.45 Td (a ) Tj ET Q q 0 0 0 rg BT 266.02 515.45 Td (lar) Tj ET Q q 0 0 0 rg BT 276.39 515.45 Td (ge ) Tj ET Q q 0 0 0 rg BT 288.38 515.45 Td (number ) Tj ET Q q 0 0 0 rg BT 321.48 515.45 Td (of ) Tj ET Q q 0 0 0 rg BT 332.37 515.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 361.02 515.45 Td (and ) Tj ET Q q 0 0 0 rg BT 378.02 515.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 415.56 515.45 Td (clients. ) Tj ET Q q 0 0 0 rg BT 446.54 515.45 Td (W) Tj ET Q q 0 0 0 rg BT 455.18 515.45 Td (e ) Tj ET Q q 0 0 0 rg BT 462.17 515.45 Td (have ) Tj ET Q q 0 0 0 rg BT 483.60 515.45 Td (gained ) Tj ET Q q 0 0 0 rg BT 512.81 515.45 Td (a ) Tj ET Q q 0 0 0 rg BT 519.81 515.45 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.45 Td (number ) Tj ET Q q 0 0 0 rg BT 83.52 503.45 Td (of ) Tj ET Q q 0 0 0 rg BT 94.83 503.45 Td (new ) Tj ET Q q 0 0 0 rg BT 114.46 503.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 143.54 503.45 Td (each ) Tj ET Q q 0 0 0 rg BT 164.83 503.45 Td (year ) Tj ET Q q 0 0 0 rg BT 185.01 503.45 Td (through ) Tj ET Q q 0 0 0 rg BT 219.10 503.45 Td (our ) Tj ET Q q 0 0 0 rg BT 235.40 503.45 Td (business ) Tj ET Q q 0 0 0 rg BT 272.27 503.45 Td (development ) Tj ET Q q 0 0 0 rg BT 326.89 503.45 Td (initiatives, ) Tj ET Q q 0 0 0 rg BT 371.81 503.45 Td (through ) Tj ET Q q 0 0 0 rg BT 405.89 503.45 Td (recruiting ) Tj ET Q q 0 0 0 rg BT 447.74 503.45 Td (additional ) Tj ET Q q 0 0 0 rg BT 490.70 503.45 Td (senior ) Tj ET Q q 0 0 0 rg BT 518.12 503.45 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.45 Td (banking ) Tj ET Q q 0 0 0 rg BT 83.94 491.45 Td (professionals ) Tj ET Q q 0 0 0 rg BT 138.44 491.45 Td (who ) Tj ET Q q 0 0 0 rg BT 157.39 491.45 Td (bring ) Tj ET Q q 0 0 0 rg BT 180.22 491.45 Td (with ) Tj ET Q q 0 0 0 rg BT 199.72 491.45 Td (them ) Tj ET Q q 0 0 0 rg BT 221.45 491.45 Td (client ) Tj ET Q q 0 0 0 rg BT 245.38 491.45 Td (relationships ) Tj ET Q q 0 0 0 rg BT 298.21 491.45 Td (and ) Tj ET Q q 0 0 0 rg BT 314.38 491.45 Td (expertise ) Tj ET Q q 0 0 0 rg BT 352.20 491.45 Td (in ) Tj ET Q q 0 0 0 rg BT 361.70 491.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 390.63 491.45 Td (industry ) Tj ET Q q 0 0 0 rg BT 425.13 491.45 Td (sectors ) Tj ET Q q 0 0 0 rg BT 454.63 491.45 Td (or ) Tj ET Q q 0 0 0 rg BT 464.69 491.45 Td (geographies ) Tj ET Q q 0 0 0 rg BT 514.73 491.45 Td (and ) Tj ET Q q 0 0 0 rg BT 530.89 491.45 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.45 Td (referrals ) Tj ET Q q 0 0 0 rg BT 86.16 479.45 Td (from ) Tj ET Q q 0 0 0 rg BT 108.45 479.45 Td (members ) Tj ET Q q 0 0 0 rg BT 147.95 479.45 Td (of ) Tj ET Q q 0 0 0 rg BT 159.14 479.45 Td (boards ) Tj ET Q q 0 0 0 rg BT 188.65 479.45 Td (of ) Tj ET Q q 0 0 0 rg BT 199.83 479.45 Td (directors, ) Tj ET Q q 0 0 0 rg BT 240.17 479.45 Td (attorneys ) Tj ET Q q 0 0 0 rg BT 279.67 479.45 Td (and ) Tj ET Q q 0 0 0 rg BT 296.96 479.45 Td (other ) Tj ET Q q 0 0 0 rg BT 320.36 479.45 Td (parties ) Tj ET Q q 0 0 0 rg BT 349.87 479.45 Td (with ) Tj ET Q q 0 0 0 rg BT 370.50 479.45 Td (whom ) Tj ET Q q 0 0 0 rg BT 398.35 479.45 Td (we ) Tj ET Q q 0 0 0 rg BT 412.86 479.45 Td (have ) Tj ET Q q 0 0 0 rg BT 434.59 479.45 Td (relationships. ) Tj ET Q q 0 0 0 rg BT 490.42 479.45 Td (At ) Tj ET Q q 0 0 0 rg BT 503.27 479.45 Td (the ) Tj ET Q q 0 0 0 rg BT 518.34 479.45 Td (same ) Tj ET Q q 0 0 0 rg BT 541.73 479.45 Td (time, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.45 Td (we ) Tj ET Q q 0 0 0 rg BT 64.22 467.45 Td (lose ) Tj ET Q q 0 0 0 rg BT 82.89 467.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 111.56 467.45 Td (each ) Tj ET Q q 0 0 0 rg BT 132.44 467.45 Td (year ) Tj ET Q q 0 0 0 rg BT 152.21 467.45 Td (as ) Tj ET Q q 0 0 0 rg BT 163.10 467.45 Td (a ) Tj ET Q q 0 0 0 rg BT 170.10 467.45 Td (result ) Tj ET Q q 0 0 0 rg BT 194.88 467.45 Td (of ) Tj ET Q q 0 0 0 rg BT 205.77 467.45 Td (the ) Tj ET Q q 0 0 0 rg BT 220.55 467.45 Td (sale ) Tj ET Q q 0 0 0 rg BT 238.66 467.45 Td (or ) Tj ET Q q 0 0 0 rg BT 249.55 467.45 Td (mer) Tj ET Q q 0 0 0 rg BT 264.92 467.45 Td (ger ) Tj ET Q q 0 0 0 rg BT 280.25 467.45 Td (of ) Tj ET Q q 0 0 0 rg BT 291.14 467.45 Td (a ) Tj ET Q q 0 0 0 rg BT 298.14 467.45 Td (client, ) Tj ET Q q 0 0 0 rg BT 325.42 467.45 Td (a ) Tj ET Q q 0 0 0 rg BT 332.42 467.45 Td (change ) Tj ET Q q 0 0 0 rg BT 363.30 467.45 Td (in ) Tj ET Q q 0 0 0 rg BT 373.64 467.45 Td (a ) Tj ET Q q 0 0 0 rg BT 380.64 467.45 Td (client) Tj ET Q q 0 0 0 rg BT 405.63 467.45 Td (s ) Tj ET Q q 0 0 0 rg BT 412.08 467.45 Td (senior ) Tj ET Q q 0 0 0 rg BT 439.08 467.45 Td (management ) Tj ET Q q 0 0 0 rg BT 492.74 467.45 Td (team, ) Tj ET Q q 0 0 0 rg BT 517.23 467.45 Td (turnover ) Tj ET Q q 0 0 0 rg BT 553.67 467.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.45 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 455.45 Td (senior ) Tj ET Q q 0 0 0 rg BT 92.77 455.45 Td (banking ) Tj ET Q q 0 0 0 rg BT 127.49 455.45 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 185.25 455.45 Td (competition ) Tj ET Q q 0 0 0 rg BT 235.52 455.45 Td (from ) Tj ET Q q 0 0 0 rg BT 257.46 455.45 Td (other ) Tj ET Q q 0 0 0 rg BT 280.51 455.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 326.89 455.45 Td (banks ) Tj ET Q q 0 0 0 rg BT 352.72 455.45 Td (and ) Tj ET Q q 0 0 0 rg BT 369.66 455.45 Td (other ) Tj ET Q q 0 0 0 rg BT 392.71 455.45 Td (causes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 434.45 Td (A) Tj ET Q q 0 0 0 rg BT 68.67 434.45 Td ( ) Tj ET Q q 0 0 0 rg BT 72.11 434.45 Td (majority ) Tj ET Q q 0 0 0 rg BT 109.44 434.45 Td (of ) Tj ET Q q 0 0 0 rg BT 121.21 434.45 Td (our ) Tj ET Q q 0 0 0 rg BT 137.98 434.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 176.96 434.45 Td (are ) Tj ET Q q 0 0 0 rg BT 192.61 434.45 Td (contingent ) Tj ET Q q 0 0 0 rg BT 238.26 434.45 Td (upon ) Tj ET Q q 0 0 0 rg BT 261.71 434.45 Td (the ) Tj ET Q q 0 0 0 rg BT 277.37 434.45 Td (closing ) Tj ET Q q 0 0 0 rg BT 309.70 434.45 Td (of ) Tj ET Q q 0 0 0 rg BT 321.47 434.45 Td (a ) Tj ET Q q 0 0 0 rg BT 329.35 434.45 Td (mer) Tj ET Q q 0 0 0 rg BT 344.71 434.45 Td (ger) Tj ET Q q 0 0 0 rg BT 357.08 434.45 Td (, ) Tj ET Q q 0 0 0 rg BT 363.03 434.45 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 412.85 434.45 Td (financing, ) Tj ET Q q 0 0 0 rg BT 456.56 434.45 Td (restructuring, ) Tj ET Q q 0 0 0 rg BT 513.59 434.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 543.68 434.45 Td (fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 96.12 422.45 Td (or ) Tj ET Q q 0 0 0 rg BT 106.69 422.45 Td (other ) Tj ET Q q 0 0 0 rg BT 129.49 422.45 Td (advisory ) Tj ET Q q 0 0 0 rg BT 166.17 422.45 Td (transaction. ) Tj ET Q q 0 0 0 rg BT 214.29 422.45 Td (A) Tj ET Q q 0 0 0 rg BT 220.96 422.45 Td ( ) Tj ET Q q 0 0 0 rg BT 223.21 422.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 269.33 422.45 Td (can ) Tj ET Q q 0 0 0 rg BT 285.45 422.45 Td (fail ) Tj ET Q q 0 0 0 rg BT 301.02 422.45 Td (to ) Tj ET Q q 0 0 0 rg BT 311.05 422.45 Td (be ) Tj ET Q q 0 0 0 rg BT 322.73 422.45 Td (completed ) Tj ET Q q 0 0 0 rg BT 366.63 422.45 Td (for ) Tj ET Q q 0 0 0 rg BT 380.53 422.45 Td (many ) Tj ET Q q 0 0 0 rg BT 405.00 422.45 Td (reasons, ) Tj ET Q q 0 0 0 rg BT 439.73 422.45 Td (including ) Tj ET Q q 0 0 0 rg BT 479.75 422.45 Td (failure ) Tj ET Q q 0 0 0 rg BT 508.09 422.45 Td (to ) Tj ET Q q 0 0 0 rg BT 518.12 422.45 Td (agree ) Tj ET Q q 0 0 0 rg BT 542.01 422.45 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.45 Td (final ) Tj ET Q q 0 0 0 rg BT 70.27 410.45 Td (terms ) Tj ET Q q 0 0 0 rg BT 94.44 410.45 Td (with ) Tj ET Q q 0 0 0 rg BT 114.17 410.45 Td (the ) Tj ET Q q 0 0 0 rg BT 128.34 410.45 Td (counterparty) Tj ET Q q 0 0 0 rg BT 178.22 410.45 Td (, ) Tj ET Q q 0 0 0 rg BT 182.67 410.45 Td (failure ) Tj ET Q q 0 0 0 rg BT 210.71 410.45 Td (to ) Tj ET Q q 0 0 0 rg BT 220.44 410.45 Td (secure ) Tj ET Q q 0 0 0 rg BT 247.93 410.45 Td (necessary ) Tj ET Q q 0 0 0 rg BT 288.74 410.45 Td (board ) Tj ET Q q 0 0 0 rg BT 313.46 410.45 Td (or ) Tj ET Q q 0 0 0 rg BT 323.74 410.45 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 372.34 410.45 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 415.66 410.45 Td (failure ) Tj ET Q q 0 0 0 rg BT 443.71 410.45 Td (to ) Tj ET Q q 0 0 0 rg BT 453.44 410.45 Td (secure ) Tj ET Q q 0 0 0 rg BT 480.92 410.45 Td (necessary ) Tj ET Q q 0 0 0 rg BT 521.74 410.45 Td (financing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.45 Td (failure ) Tj ET Q q 0 0 0 rg BT 77.57 398.45 Td (to ) Tj ET Q q 0 0 0 rg BT 86.83 398.45 Td (achieve ) Tj ET Q q 0 0 0 rg BT 118.85 398.45 Td (necessary ) Tj ET Q q 0 0 0 rg BT 159.20 398.45 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 201.77 398.45 Td (approvals ) Tj ET Q q 0 0 0 rg BT 242.13 398.45 Td (and ) Tj ET Q q 0 0 0 rg BT 258.05 398.45 Td (adverse ) Tj ET Q q 0 0 0 rg BT 290.07 398.45 Td (market ) Tj ET Q q 0 0 0 rg BT 319.31 398.45 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 364.85 398.45 Td (While ) Tj ET Q q 0 0 0 rg BT 390.76 398.45 Td (fees ) Tj ET Q q 0 0 0 rg BT 408.34 398.45 Td (payable ) Tj ET Q q 0 0 0 rg BT 440.92 398.45 Td (upon ) Tj ET Q q 0 0 0 rg BT 462.40 398.45 Td (the ) Tj ET Q q 0 0 0 rg BT 476.10 398.45 Td (successful ) Tj ET Q q 0 0 0 rg BT 518.68 398.45 Td (conclusion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.45 Td (of ) Tj ET Q q 0 0 0 rg BT 60.69 386.45 Td (a ) Tj ET Q q 0 0 0 rg BT 67.49 386.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 113.73 386.45 Td (generally ) Tj ET Q q 0 0 0 rg BT 153.29 386.45 Td (represent ) Tj ET Q q 0 0 0 rg BT 192.30 386.45 Td (the ) Tj ET Q q 0 0 0 rg BT 206.88 386.45 Td (lar) Tj ET Q q 0 0 0 rg BT 217.25 386.45 Td (gest ) Tj ET Q q 0 0 0 rg BT 235.72 386.45 Td (portion ) Tj ET Q q 0 0 0 rg BT 266.96 386.45 Td (of ) Tj ET Q q 0 0 0 rg BT 277.66 386.45 Td (our ) Tj ET Q q 0 0 0 rg BT 293.35 386.45 Td (advisory ) Tj ET Q q 0 0 0 rg BT 330.15 386.45 Td (fees, ) Tj ET Q q 0 0 0 rg BT 351.11 386.45 Td (we ) Tj ET Q q 0 0 0 rg BT 365.13 386.45 Td (also ) Tj ET Q q 0 0 0 rg BT 383.60 386.45 Td (earn ) Tj ET Q q 0 0 0 rg BT 403.17 386.45 Td (on-going ) Tj ET Q q 0 0 0 rg BT 441.64 386.45 Td (retainer ) Tj ET Q q 0 0 0 rg BT 474.54 386.45 Td (and ) Tj ET Q q 0 0 0 rg BT 491.34 386.45 Td (strategic ) Tj ET Q q 0 0 0 rg BT 527.57 386.45 Td (advisory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.45 Td (fees, ) Tj ET Q q 0 0 0 rg BT 71.73 374.45 Td (and ) Tj ET Q q 0 0 0 rg BT 89.29 374.45 Td (fees ) Tj ET Q q 0 0 0 rg BT 108.52 374.45 Td (payable ) Tj ET Q q 0 0 0 rg BT 142.74 374.45 Td (upon ) Tj ET Q q 0 0 0 rg BT 165.87 374.45 Td (the ) Tj ET Q q 0 0 0 rg BT 181.21 374.45 Td (commencement ) Tj ET Q q 0 0 0 rg BT 247.64 374.45 Td (of ) Tj ET Q q 0 0 0 rg BT 259.10 374.45 Td (an ) Tj ET Q q 0 0 0 rg BT 271.67 374.45 Td (engagement ) Tj ET Q q 0 0 0 rg BT 323.11 374.45 Td (or ) Tj ET Q q 0 0 0 rg BT 334.56 374.45 Td (upon ) Tj ET Q q 0 0 0 rg BT 357.69 374.45 Td (the ) Tj ET Q q 0 0 0 rg BT 373.03 374.45 Td (achievement ) Tj ET Q q 0 0 0 rg BT 426.69 374.45 Td (of ) Tj ET Q q 0 0 0 rg BT 438.15 374.45 Td (certain ) Tj ET Q q 0 0 0 rg BT 468.48 374.45 Td (milestones, ) Tj ET Q q 0 0 0 rg BT 516.88 374.45 Td (such ) Tj ET Q q 0 0 0 rg BT 538.33 374.45 Td (as ) Tj ET Q q 0 0 0 rg BT 549.79 374.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.45 Td (announcement ) Tj ET Q q 0 0 0 rg BT 110.81 362.45 Td (of ) Tj ET Q q 0 0 0 rg BT 121.64 362.45 Td (a ) Tj ET Q q 0 0 0 rg BT 128.58 362.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 174.95 362.45 Td (or ) Tj ET Q q 0 0 0 rg BT 185.78 362.45 Td (the ) Tj ET Q q 0 0 0 rg BT 200.50 362.45 Td (rendering ) Tj ET Q q 0 0 0 rg BT 241.31 362.45 Td (of ) Tj ET Q q 0 0 0 rg BT 252.14 362.45 Td (a ) Tj ET Q q 0 0 0 rg BT 259.08 362.45 Td (fairness ) Tj ET Q q 0 0 0 rg BT 292.68 362.45 Td (opinion. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 341.45 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 341.45 Td (e ) Tj ET Q q 0 0 0 rg BT 78.21 341.45 Td (do ) Tj ET Q q 0 0 0 rg BT 91.34 341.45 Td (not ) Tj ET Q q 0 0 0 rg BT 107.24 341.45 Td (allocate ) Tj ET Q q 0 0 0 rg BT 141.46 341.45 Td (our ) Tj ET Q q 0 0 0 rg BT 157.92 341.45 Td (advisory ) Tj ET Q q 0 0 0 rg BT 195.49 341.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 230.27 341.45 Td (by ) Tj ET Q q 0 0 0 rg BT 243.40 341.45 Td (type ) Tj ET Q q 0 0 0 rg BT 263.74 341.45 Td (of ) Tj ET Q q 0 0 0 rg BT 275.20 341.45 Td (advice ) Tj ET Q q 0 0 0 rg BT 304.43 341.45 Td (rendered ) Tj ET Q q 0 0 0 rg BT 342.53 341.45 Td (\(M&A, ) Tj ET Q q 0 0 0 rg BT 375.38 341.45 Td (financing ) Tj ET Q q 0 0 0 rg BT 416.28 341.45 Td (advisory ) Tj ET Q q 0 0 0 rg BT 453.85 341.45 Td (and ) Tj ET Q q 0 0 0 rg BT 471.41 341.45 Td (restructuring, ) Tj ET Q q 0 0 0 rg BT 528.14 341.45 Td (strategic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.45 Td (advisory) Tj ET Q q 0 0 0 rg BT 83.79 329.45 Td (, ) Tj ET Q q 0 0 0 rg BT 88.70 329.45 Td (or ) Tj ET Q q 0 0 0 rg BT 99.43 329.45 Td (other\) ) Tj ET Q q 0 0 0 rg BT 125.71 329.45 Td (because ) Tj ET Q q 0 0 0 rg BT 159.77 329.45 Td (of ) Tj ET Q q 0 0 0 rg BT 170.50 329.45 Td (the ) Tj ET Q q 0 0 0 rg BT 185.13 329.45 Td (complexity ) Tj ET Q q 0 0 0 rg BT 232.52 329.45 Td (of ) Tj ET Q q 0 0 0 rg BT 243.26 329.45 Td (the ) Tj ET Q q 0 0 0 rg BT 257.88 329.45 Td (assignments ) Tj ET Q q 0 0 0 rg BT 309.17 329.45 Td (for ) Tj ET Q q 0 0 0 rg BT 323.24 329.45 Td (which ) Tj ET Q q 0 0 0 rg BT 350.09 329.45 Td (we ) Tj ET Q q 0 0 0 rg BT 364.15 329.45 Td (earn ) Tj ET Q q 0 0 0 rg BT 383.77 329.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 417.82 329.45 Td (and ) Tj ET Q q 0 0 0 rg BT 434.66 329.45 Td (because ) Tj ET Q q 0 0 0 rg BT 468.71 329.45 Td (a ) Tj ET Q q 0 0 0 rg BT 475.56 329.45 Td (single ) Tj ET Q q 0 0 0 rg BT 501.85 329.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 548.13 329.45 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.45 Td (encompass ) Tj ET Q q 0 0 0 rg BT 96.19 317.45 Td (multiple ) Tj ET Q q 0 0 0 rg BT 131.83 317.45 Td (types ) Tj ET Q q 0 0 0 rg BT 155.25 317.45 Td (of ) Tj ET Q q 0 0 0 rg BT 165.89 317.45 Td (advice. ) Tj ET Q q 0 0 0 rg BT 196.79 317.45 Td (For ) Tj ET Q q 0 0 0 rg BT 213.00 317.45 Td (example, ) Tj ET Q q 0 0 0 rg BT 251.68 317.45 Td (a ) Tj ET Q q 0 0 0 rg BT 258.43 317.45 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 311.83 317.45 Td (assignment ) Tj ET Q q 0 0 0 rg BT 359.14 317.45 Td (can ) Tj ET Q q 0 0 0 rg BT 375.33 317.45 Td (involve, ) Tj ET Q q 0 0 0 rg BT 410.13 317.45 Td (and ) Tj ET Q q 0 0 0 rg BT 426.88 317.45 Td (in ) Tj ET Q q 0 0 0 rg BT 436.97 317.45 Td (some ) Tj ET Q q 0 0 0 rg BT 460.39 317.45 Td (cases ) Tj ET Q q 0 0 0 rg BT 483.80 317.45 Td (end ) Tj ET Q q 0 0 0 rg BT 500.55 317.45 Td (successfully ) Tj ET Q q 0 0 0 rg BT 551.74 317.45 Td (in, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.45 Td (a ) Tj ET Q q 0 0 0 rg BT 56.47 305.45 Td (sale ) Tj ET Q q 0 0 0 rg BT 74.05 305.45 Td (of ) Tj ET Q q 0 0 0 rg BT 84.41 305.45 Td (all ) Tj ET Q q 0 0 0 rg BT 96.43 305.45 Td (or ) Tj ET Q q 0 0 0 rg BT 106.79 305.45 Td (part ) Tj ET Q q 0 0 0 rg BT 124.37 305.45 Td (of ) Tj ET Q q 0 0 0 rg BT 134.73 305.45 Td (the ) Tj ET Q q 0 0 0 rg BT 148.98 305.45 Td (financially ) Tj ET Q q 0 0 0 rg BT 193.77 305.45 Td (distressed ) Tj ET Q q 0 0 0 rg BT 235.23 305.45 Td (company) Tj ET Q q 0 0 0 rg BT 271.24 305.45 Td (. ) Tj ET Q q 0 0 0 rg BT 275.77 305.45 Td (Likewise, ) Tj ET Q q 0 0 0 rg BT 316.96 305.45 Td (an ) Tj ET Q q 0 0 0 rg BT 328.42 305.45 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 374.34 305.45 Td (assignment ) Tj ET Q q 0 0 0 rg BT 421.36 305.45 Td (can ) Tj ET Q q 0 0 0 rg BT 437.27 305.45 Td (relate ) Tj ET Q q 0 0 0 rg BT 461.50 305.45 Td (to ) Tj ET Q q 0 0 0 rg BT 471.31 305.45 Td (a ) Tj ET Q q 0 0 0 rg BT 477.78 305.45 Td (financially ) Tj ET Q q 0 0 0 rg BT 522.57 305.45 Td (distressed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.45 Td (tar) Tj ET Q q 0 0 0 rg BT 60.37 293.45 Td (get ) Tj ET Q q 0 0 0 rg BT 74.96 293.45 Td (involved ) Tj ET Q q 0 0 0 rg BT 112.32 293.45 Td (in ) Tj ET Q q 0 0 0 rg BT 122.48 293.45 Td (or ) Tj ET Q q 0 0 0 rg BT 133.18 293.45 Td (considering ) Tj ET Q q 0 0 0 rg BT 182.21 293.45 Td (a ) Tj ET Q q 0 0 0 rg BT 189.02 293.45 Td (restructuring, ) Tj ET Q q 0 0 0 rg BT 244.99 293.45 Td (and ) Tj ET Q q 0 0 0 rg BT 261.80 293.45 Td (an ) Tj ET Q q 0 0 0 rg BT 273.61 293.45 Td (M&A) Tj ET Q q 0 0 0 rg BT 296.95 293.45 Td ( ) Tj ET Q q 0 0 0 rg BT 299.32 293.45 Td (assignment ) Tj ET Q q 0 0 0 rg BT 346.69 293.45 Td (can ) Tj ET Q q 0 0 0 rg BT 362.94 293.45 Td (develop ) Tj ET Q q 0 0 0 rg BT 396.97 293.45 Td (from ) Tj ET Q q 0 0 0 rg BT 418.78 293.45 Td (a ) Tj ET Q q 0 0 0 rg BT 425.59 293.45 Td (relationship ) Tj ET Q q 0 0 0 rg BT 475.18 293.45 Td (that ) Tj ET Q q 0 0 0 rg BT 492.54 293.45 Td (we ) Tj ET Q q 0 0 0 rg BT 506.58 293.45 Td (had ) Tj ET Q q 0 0 0 rg BT 523.39 293.45 Td (on ) Tj ET Q q 0 0 0 rg BT 535.76 293.45 Td (a ) Tj ET Q q 0 0 0 rg BT 542.57 293.45 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.45 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 103.59 281.45 Td (assignment, ) Tj ET Q q 0 0 0 rg BT 153.59 281.45 Td (and ) Tj ET Q q 0 0 0 rg BT 170.53 281.45 Td (vice ) Tj ET Q q 0 0 0 rg BT 189.68 281.45 Td (versa. ) Tj ET Q q 0 0 0 rg BT 215.78 281.45 Td ( ) Tj ET Q q 0 0 0 rg BT 218.10 281.45 Td (W) Tj ET Q q 0 0 0 rg BT 226.74 281.45 Td (e ) Tj ET Q q 0 0 0 rg BT 233.68 281.45 Td (do, ) Tj ET Q q 0 0 0 rg BT 248.68 281.45 Td (however) Tj ET Q q 0 0 0 rg BT 282.71 281.45 Td (, ) Tj ET Q q 0 0 0 rg BT 287.71 281.45 Td (separately ) Tj ET Q q 0 0 0 rg BT 330.74 281.45 Td (allocate ) Tj ET Q q 0 0 0 rg BT 364.33 281.45 Td (capital ) Tj ET Q q 0 0 0 rg BT 393.48 281.45 Td (advisory ) Tj ET Q q 0 0 0 rg BT 430.42 281.45 Td (revenue.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 260.45 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 82.00 260.45 Td ( ) Tj ET Q q 0 0 0 rg BT 84.30 260.45 Td (versus ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.15 260.45 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 132.15 260.45 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.65 260.45 Td () Tj ET Q q 0 0 0 rg BT 136.60 260.45 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 176.12 260.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 213.95 260.45 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.68 260.45 Td ($260.3 ) Tj ET Q q 0 0 0 rg BT 265.48 260.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.37 260.45 Td ( ) Tj ET Q q 0 0 0 rg BT 296.67 260.45 Td (for ) Tj ET Q q 0 0 0 rg BT 310.63 260.45 Td (the ) Tj ET Q q 0 0 0 rg BT 325.15 260.45 Td (year ) Tj ET Q q 0 0 0 rg BT 344.65 260.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 370.83 260.45 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.21 260.45 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.21 260.45 Td ( ) Tj ET Q q 0 0 0 rg BT 451.51 260.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 493.23 260.45 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.31 260.45 Td ($280.5 ) Tj ET Q q 0 0 0 rg BT 533.11 260.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 260.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.45 Td (for ) Tj ET Q q 0 0 0 rg BT 64.87 248.45 Td (the ) Tj ET Q q 0 0 0 rg BT 80.29 248.45 Td (year ) Tj ET Q q 0 0 0 rg BT 100.70 248.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 127.78 248.45 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.07 248.45 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.07 248.45 Td (, ) Tj ET Q q 0 0 0 rg BT 212.78 248.45 Td (a ) Tj ET Q q 0 0 0 rg BT 220.42 248.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 258.04 248.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.58 248.45 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.91 248.45 Td (. ) Tj ET Q q 0 0 0 rg BT 288.38 248.45 Td (The ) Tj ET Q q 0 0 0 rg BT 307.13 248.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 344.75 248.45 Td (in ) Tj ET Q q 0 0 0 rg BT 355.74 248.45 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.27 248.45 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.27 248.45 Td ( ) Tj ET Q q 0 0 0 rg BT 395.48 248.45 Td (advisory ) Tj ET Q q 0 0 0 rg BT 433.12 248.45 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 474.37 248.45 Td (as ) Tj ET Q q 0 0 0 rg BT 485.90 248.45 Td (compared ) Tj ET Q q 0 0 0 rg BT 528.53 248.45 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.51 248.45 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 248.45 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.45 Td (resulted ) Tj ET Q q 0 0 0 rg BT 84.55 236.45 Td (from ) Tj ET Q q 0 0 0 rg BT 106.89 236.45 Td (a ) Tj ET Q q 0 0 0 rg BT 114.23 236.45 Td (decrease ) Tj ET Q q 0 0 0 rg BT 151.54 236.45 Td (in ) Tj ET Q q 0 0 0 rg BT 162.21 236.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 208.98 236.45 Td (completion ) Tj ET Q q 0 0 0 rg BT 256.87 236.45 Td (fees ) Tj ET Q q 0 0 0 rg BT 275.87 236.45 Td (due ) Tj ET Q q 0 0 0 rg BT 293.21 236.45 Td (to ) Tj ET Q q 0 0 0 rg BT 303.88 236.45 Td (fewer ) Tj ET Q q 0 0 0 rg BT 329.54 236.45 Td (lar) Tj ET Q q 0 0 0 rg BT 339.90 236.45 Td (ge ) Tj ET Q q 0 0 0 rg BT 352.24 236.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 399.01 236.45 Td (closings, ) Tj ET Q q 0 0 0 rg BT 437.19 236.45 Td (of) Tj ET Q q 0 0 0 rg BT 445.34 236.45 Td (fset ) Tj ET Q q 0 0 0 rg BT 462.67 236.45 Td (in ) Tj ET Q q 0 0 0 rg BT 473.35 236.45 Td (part ) Tj ET Q q 0 0 0 rg BT 491.79 236.45 Td (by ) Tj ET Q q 0 0 0 rg BT 504.69 236.45 Td (greater ) Tj ET Q q 0 0 0 rg BT 535.34 236.45 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.45 Td (advisory ) Tj ET Q q 0 0 0 rg BT 86.94 224.45 Td (fees ) Tj ET Q q 0 0 0 rg BT 105.54 224.45 Td (due ) Tj ET Q q 0 0 0 rg BT 122.48 224.45 Td (to ) Tj ET Q q 0 0 0 rg BT 132.75 224.45 Td (the ) Tj ET Q q 0 0 0 rg BT 147.47 224.45 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 193.85 224.45 Td (of ) Tj ET Q q 0 0 0 rg BT 204.68 224.45 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 236.07 224.45 Td (and ) Tj ET Q q 0 0 0 rg BT 253.01 224.45 Td (an ) Tj ET Q q 0 0 0 rg BT 264.95 224.45 Td (increase ) Tj ET Q q 0 0 0 rg BT 300.20 224.45 Td (in ) Tj ET Q q 0 0 0 rg BT 310.48 224.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 356.85 224.45 Td (announcement ) Tj ET Q q 0 0 0 rg BT 417.66 224.45 Td (and ) Tj ET Q q 0 0 0 rg BT 434.60 224.45 Td (opinion ) Tj ET Q q 0 0 0 rg BT 467.66 224.45 Td (fees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 203.45 Td (Prominent ) Tj ET Q q 0 0 0 rg BT 106.17 203.45 Td (advisory ) Tj ET Q q 0 0 0 rg BT 143.10 203.45 Td (assignments ) Tj ET Q q 0 0 0 rg BT 194.49 203.45 Td (completed ) Tj ET Q q 0 0 0 rg BT 238.64 203.45 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.92 203.45 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.92 203.45 Td ( ) Tj ET Q q 0 0 0 rg BT 271.42 203.45 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 170.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 170.45 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 170.45 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 147.10 170.45 Td (by ) Tj ET Q q 0 0 0 rg BT 159.05 170.45 Td (Alcoa ) Tj ET Q q 0 0 0 rg BT 185.42 170.45 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 203.19 170.45 Td (of ) Tj ET Q q 0 0 0 rg BT 214.02 170.45 Td (R) Tj ET Q q 0 0 0 rg BT 220.09 170.45 Td (TI ) Tj ET Q q 0 0 0 rg BT 232.03 170.45 Td (International ) Tj ET Q q 0 0 0 rg BT 285.62 170.45 Td (Metals, ) Tj ET Q q 0 0 0 rg BT 317.84 170.45 Td (Inc.;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 146.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 146.45 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 146.45 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 147.10 146.45 Td (by ) Tj ET Q q 0 0 0 rg BT 159.05 146.45 Td (Anixter ) Tj ET Q q 0 0 0 rg BT 192.09 146.45 Td (International ) Tj ET Q q 0 0 0 rg BT 245.68 146.45 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 263.45 146.45 Td (of ) Tj ET Q q 0 0 0 rg BT 274.28 146.45 Td (HD ) Tj ET Q q 0 0 0 rg BT 291.22 146.45 Td (Supply's ) Tj ET Q q 0 0 0 rg BT 327.76 146.45 Td (Power ) Tj ET Q q 0 0 0 rg BT 355.81 146.45 Td (Solutions ) Tj ET Q q 0 0 0 rg BT 396.10 146.45 Td (business;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 122.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 122.45 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 122.45 Td (sale ) Tj ET Q q 0 0 0 rg BT 118.76 122.45 Td (of ) Tj ET Q q 0 0 0 rg BT 129.04 122.45 Td (Azelis ) Tj ET Q q 0 0 0 rg BT 157.09 122.45 Td (Group ) Tj ET Q q 0 0 0 rg BT 185.14 122.45 Td (to ) Tj ET Q q 0 0 0 rg BT 195.42 122.45 Td (funds ) Tj ET Q q 0 0 0 rg BT 220.14 122.45 Td (advised ) Tj ET Q q 0 0 0 rg BT 253.19 122.45 Td (by ) Tj ET Q q 0 0 0 rg BT 265.14 122.45 Td (Apax ) Tj ET Q q 0 0 0 rg BT 289.30 122.45 Td (Partners;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 98.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 98.45 Td (the ) Tj ET Q q 0 0 0 rg BT 101.37 98.45 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 148.41 98.45 Td (by ) Tj ET Q q 0 0 0 rg BT 161.56 98.45 Td (Cerner ) Tj ET Q q 0 0 0 rg BT 191.92 98.45 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 243.40 98.45 Td (of ) Tj ET Q q 0 0 0 rg BT 254.88 98.45 Td (Siemens ) Tj ET Q q 0 0 0 rg BT 291.22 98.45 Td (AG's ) Tj ET Q q 0 0 0 rg BT 314.51 98.45 Td (health ) Tj ET Q q 0 0 0 rg BT 342.10 98.45 Td (information ) Tj ET Q q 0 0 0 rg BT 392.47 98.45 Td (technology ) Tj ET Q q 0 0 0 rg BT 440.05 98.45 Td (business ) Tj ET Q q 0 0 0 rg BT 477.10 98.45 Td (unit, ) Tj ET Q q 0 0 0 rg BT 498.31 98.45 Td (Siemens ) Tj ET Q q 0 0 0 rg BT 535.35 98.45 Td (Health ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 86.45 Td (Services;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 62.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 62.45 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 62.45 Td (spin-of) Tj ET Q q 0 0 0 rg BT 128.87 62.45 Td (f ) Tj ET Q q 0 0 0 rg BT 134.70 62.45 Td (by ) Tj ET Q q 0 0 0 rg BT 147.20 62.45 Td (Gannett ) Tj ET Q q 0 0 0 rg BT 181.35 62.45 Td (Co., ) Tj ET Q q 0 0 0 rg BT 200.52 62.45 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 218.29 62.45 Td (of ) Tj ET Q q 0 0 0 rg BT 229.12 62.45 Td (its ) Tj ET Q q 0 0 0 rg BT 241.07 62.45 Td (Publishing ) Tj ET Q q 0 0 0 rg BT 286.36 62.45 Td (business ) Tj ET Q q 0 0 0 rg BT 322.75 62.45 Td (and ) Tj ET Q q 0 0 0 rg BT 339.69 62.45 Td (resulting ) Tj ET Q q 0 0 0 rg BT 377.18 62.45 Td (creation ) Tj ET Q q 0 0 0 rg BT 411.88 62.45 Td (of ) Tj ET Q q 0 0 0 rg BT 422.71 62.45 Td (two ) Tj ET Q q 0 0 0 rg BT 440.21 62.45 Td (separate ) Tj ET Q q 0 0 0 rg BT 475.47 62.45 Td (media ) Tj ET Q q 0 0 0 rg BT 502.40 62.45 Td (companies;) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 742.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 742.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 118.76 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 131.26 742.10 Td (GlaxoSmithKline ) Tj ET Q q 0 0 0 rg BT 204.32 742.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 247.92 742.10 Td (Healthcare ) Tj ET Q q 0 0 0 rg BT 293.72 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.55 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 311.49 742.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 348.99 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.82 742.10 Td (OTC ) Tj ET Q q 0 0 0 rg BT 382.32 742.10 Td (brands ) Tj ET Q q 0 0 0 rg BT 411.48 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.76 742.10 Td (Perrigo ) Tj ET Q q 0 0 0 rg BT 453.70 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 495.08 742.10 Td (plc;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.28 718.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 158.99 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.38 718.10 Td (Henderson ) Tj ET Q q 0 0 0 rg BT 214.77 718.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 243.50 718.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 278.33 718.10 Td (\("HEP"\) ) Tj ET Q q 0 0 0 rg BT 314.11 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 323.95 718.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 369.89 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 389.73 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.01 718.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 429.41 718.10 Td (public ) Tj ET Q q 0 0 0 rg BT 456.47 718.10 Td (of) Tj ET Q q 0 0 0 rg BT 464.62 718.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 490.56 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.95 718.10 Td (John ) Tj ET Q q 0 0 0 rg BT 521.91 718.10 Td (Laing ) Tj ET Q q 0 0 0 rg BT 547.30 718.10 Td (plc, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 92.94 706.10 Td (company ) Tj ET Q q 0 0 0 rg BT 132.09 706.10 Td (wholly ) Tj ET Q q 0 0 0 rg BT 162.37 706.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 191.53 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 204.03 706.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 228.75 706.10 Td (managed ) Tj ET Q q 0 0 0 rg BT 267.35 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 279.85 706.10 Td (HEP;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 682.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 682.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 159.86 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.69 682.10 Td (Lonmin ) Tj ET Q q 0 0 0 rg BT 204.85 682.10 Td (Plc ) Tj ET Q q 0 0 0 rg BT 220.13 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 232.63 682.10 Td (its ) Tj ET Q q 0 0 0 rg BT 244.58 682.10 Td (c.$777 ) Tj ET Q q 0 0 0 rg BT 274.02 682.10 Td (million ) Tj ET Q q 0 0 0 rg BT 305.41 682.10 Td (recapitalization;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 658.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 658.10 Td (spin-of) Tj ET Q q 0 0 0 rg BT 128.87 658.10 Td (f ) Tj ET Q q 0 0 0 rg BT 134.70 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 147.20 658.10 Td (Masco ) Tj ET Q q 0 0 0 rg BT 176.36 658.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 227.18 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.01 658.10 Td (its ) Tj ET Q q 0 0 0 rg BT 249.96 658.10 Td (Installation ) Tj ET Q q 0 0 0 rg BT 297.45 658.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 333.83 658.10 Td (business; ) Tj ET Q q 0 0 0 rg BT 373.00 658.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 634.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.03 634.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 119.39 634.10 Td (by ) Tj ET Q q 0 0 0 rg BT 132.20 634.10 Td (Scholastic ) Tj ET Q q 0 0 0 rg BT 176.12 634.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 227.25 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 238.40 634.10 Td (its ) Tj ET Q q 0 0 0 rg BT 250.66 634.10 Td (Educational ) Tj ET Q q 0 0 0 rg BT 301.03 634.10 Td (T) Tj ET Q q 0 0 0 rg BT 306.44 634.10 Td (echnology ) Tj ET Q q 0 0 0 rg BT 350.90 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.16 634.10 Td (Services ) Tj ET Q q 0 0 0 rg BT 404.84 634.10 Td (business ) Tj ET Q q 0 0 0 rg BT 441.55 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 452.14 634.10 Td (Houghton ) Tj ET Q q 0 0 0 rg BT 494.95 634.10 Td (Mif) Tj ET Q q 0 0 0 rg BT 509.77 634.10 Td (flin ) Tj ET Q q 0 0 0 rg BT 526.47 634.10 Td (Harcourt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 622.10 Td (Company) Tj ET Q q 0 0 0 rg BT 124.24 622.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 598.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.29 598.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.29 598.10 Td (, ) Tj ET Q q 0 0 0 rg BT 121.25 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 138.04 598.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 168.15 598.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 206.05 598.10 Td (group ) Tj ET Q q 0 0 0 rg BT 232.84 598.10 Td (advised ) Tj ET Q q 0 0 0 rg BT 266.84 598.10 Td (real ) Tj ET Q q 0 0 0 rg BT 285.29 598.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 311.51 598.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 333.30 598.10 Td (general ) Tj ET Q q 0 0 0 rg BT 366.18 598.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 401.85 598.10 Td (on ) Tj ET Q q 0 0 0 rg BT 415.31 598.10 Td (six ) Tj ET Q q 0 0 0 rg BT 430.44 598.10 Td (final ) Tj ET Q q 0 0 0 rg BT 452.22 598.10 Td (closings ) Tj ET Q q 0 0 0 rg BT 488.46 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.25 598.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 535.37 598.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 586.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 107.81 586.10 Td (from ) Tj ET Q q 0 0 0 rg BT 130.62 586.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 181.77 586.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 221.26 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.41 586.10 Td (such ) Tj ET Q q 0 0 0 rg BT 254.11 586.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 282.21 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.02 586.10 Td (advised ) Tj ET Q q 0 0 0 rg BT 333.94 586.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 385.09 586.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 424.57 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 437.94 586.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 451.32 586.10 Td (closings ) Tj ET Q q 0 0 0 rg BT 487.47 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.17 586.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 521.98 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.68 586.10 Td (limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 97.71 574.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 133.76 574.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.26 574.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 187.52 574.10 Td (market ) Tj ET Q q 0 0 0 rg BT 218.01 574.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 271.00 574.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 302.61 574.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 339.77 574.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 358.59 574.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.98 574.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.98 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.70 574.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 436.18 574.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.68 574.10 Td ($55.0 ) Tj ET Q q 0 0 0 rg BT 471.91 574.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.80 574.10 Td (, ) Tj ET Q q 0 0 0 rg BT 506.03 574.10 Td (an ) Tj ET Q q 0 0 0 rg BT 518.19 574.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 553.67 574.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td ($23.6 ) Tj ET Q q 0 0 0 rg BT 75.06 562.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.95 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 109.01 562.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.90 562.10 Td (75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.23 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.29 562.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 185.28 562.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.61 562.10 Td ($31.4 ) Tj ET Q q 0 0 0 rg BT 220.67 562.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.57 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 252.13 562.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.35 562.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.35 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 291.41 562.10 Td (which ) Tj ET Q q 0 0 0 rg BT 318.40 562.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 364.29 562.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 398.50 562.10 Td (from ) Tj ET Q q 0 0 0 rg BT 420.50 562.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 463.05 562.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 501.15 562.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 542.57 562.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 90.26 550.10 Td (Cogent. ) Tj ET Q q 0 0 0 rg BT 124.15 550.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.54 550.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.54 550.10 Td (, ) Tj ET Q q 0 0 0 rg BT 165.54 550.10 Td (we ) Tj ET Q q 0 0 0 rg BT 179.70 550.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.06 550.10 Td (21%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.39 550.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.89 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.72 550.10 Td (our ) Tj ET Q q 0 0 0 rg BT 268.55 550.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 305.49 550.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 343.53 550.10 Td (from ) Tj ET Q q 0 0 0 rg BT 365.47 550.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 394.62 550.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 431.56 550.10 Td (fees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 529.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 529.10 Td (e ) Tj ET Q q 0 0 0 rg BT 77.70 529.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 106.98 529.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 144.05 529.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 182.21 529.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.28 529.10 Td (197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.28 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 221.91 529.10 Td (dif) Tj ET Q q 0 0 0 rg BT 232.83 529.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 258.78 529.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 287.51 529.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.92 529.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.92 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 320.54 529.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.61 529.10 Td (135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.61 529.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.24 529.10 Td (dif) Tj ET Q q 0 0 0 rg BT 366.17 529.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 392.11 529.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 420.84 529.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.25 529.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.25 529.10 Td (, ) Tj ET Q q 0 0 0 rg BT 456.38 529.10 Td (with ) Tj ET Q q 0 0 0 rg BT 476.79 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.63 529.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 527.01 529.10 Td (resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (from ) Tj ET Q q 0 0 0 rg BT 72.31 517.10 Td (our ) Tj ET Q q 0 0 0 rg BT 88.51 517.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 135.26 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.46 517.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 178.21 517.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.52 517.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.60 517.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 248.47 517.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 284.09 517.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.74 517.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 345.38 517.10 Td (investor ) Tj ET Q q 0 0 0 rg BT 380.47 517.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 409.44 517.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 438.97 517.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 470.17 517.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 518.03 517.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 554.22 517.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.52 505.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 107.36 505.10 Td (market. ) Tj ET Q q 0 0 0 rg BT 139.93 505.10 Td (Of ) Tj ET Q q 0 0 0 rg BT 152.79 505.10 Td (this ) Tj ET Q q 0 0 0 rg BT 169.54 505.10 Td (group ) Tj ET Q q 0 0 0 rg BT 195.18 505.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.81 505.10 Td (clients, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.72 505.10 Td (44%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.05 505.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.35 505.10 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 302.42 505.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 341.94 505.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 373.13 505.10 Td (clients\) ) Tj ET Q q 0 0 0 rg BT 404.87 505.10 Td (were ) Tj ET Q q 0 0 0 rg BT 426.60 505.10 Td (new ) Tj ET Q q 0 0 0 rg BT 445.57 505.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.65 505.10 Td (us ) Tj ET Q q 0 0 0 rg BT 466.85 505.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.93 505.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.93 505.10 Td (. ) Tj ET Q q 0 0 0 rg BT 501.57 505.10 Td (W) Tj ET Q q 0 0 0 rg BT 510.20 505.10 Td (e ) Tj ET Q q 0 0 0 rg BT 516.95 505.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 545.90 505.10 Td (fees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.27 493.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 72.21 493.10 Td (million ) Tj ET Q q 0 0 0 rg BT 103.05 493.10 Td (or ) Tj ET Q q 0 0 0 rg BT 113.32 493.10 Td (more ) Tj ET Q q 0 0 0 rg BT 135.81 493.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.19 493.10 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.19 493.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.13 493.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 197.18 493.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.90 493.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.90 493.10 Td (, ) Tj ET Q q 0 0 0 rg BT 231.34 493.10 Td (up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.29 493.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.62 493.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.56 493.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 299.92 493.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.64 493.10 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.64 493.10 Td ( ) Tj ET Q q 0 0 0 rg BT 321.59 493.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 349.63 493.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.35 493.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.35 493.10 Td (. ) Tj ET Q q 0 0 0 rg BT 383.66 493.10 Td (The ) Tj ET Q q 0 0 0 rg BT 401.14 493.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 415.30 493.10 Td (lar) Tj ET Q q 0 0 0 rg BT 425.67 493.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 443.72 493.10 Td (fee-paying ) Tj ET Q q 0 0 0 rg BT 488.42 493.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 516.46 493.10 Td (contributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.10 Td (32%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.33 481.10 Td ( ) Tj ET Q q 0 0 0 rg BT 70.89 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.78 481.10 Td (our ) Tj ET Q q 0 0 0 rg BT 97.66 481.10 Td (total ) Tj ET Q q 0 0 0 rg BT 117.99 481.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 156.09 481.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.42 481.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.42 481.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.98 481.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.98 481.10 Td (43%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.31 481.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.87 481.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.20 481.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.20 481.10 Td (, ) Tj ET Q q 0 0 0 rg BT 262.26 481.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.26 481.10 Td (two ) Tj ET Q q 0 0 0 rg BT 296.81 481.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.70 481.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.48 481.10 Td (top ) Tj ET Q q 0 0 0 rg BT 337.81 481.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 352.59 481.10 Td (lar) Tj ET Q q 0 0 0 rg BT 362.95 481.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 381.62 481.10 Td (fee-paying ) Tj ET Q q 0 0 0 rg BT 426.93 481.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 455.59 481.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.93 481.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.93 481.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.48 481.10 Td (had ) Tj ET Q q 0 0 0 rg BT 505.48 481.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.82 481.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.81 481.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 544.81 481.10 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.10 Td (been ) Tj ET Q q 0 0 0 rg BT 71.68 469.10 Td (among ) Tj ET Q q 0 0 0 rg BT 101.71 469.10 Td (our ) Tj ET Q q 0 0 0 rg BT 117.85 469.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 132.87 469.10 Td (lar) Tj ET Q q 0 0 0 rg BT 143.24 469.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 162.15 469.10 Td (fee-paying ) Tj ET Q q 0 0 0 rg BT 207.71 469.10 Td (clients. ) Tj ET Q q 0 0 0 rg BT 238.92 469.10 Td (There ) Tj ET Q q 0 0 0 rg BT 265.05 469.10 Td (was ) Tj ET Q q 0 0 0 rg BT 283.41 469.10 Td (no ) Tj ET Q q 0 0 0 rg BT 296.21 469.10 Td (single ) Tj ET Q q 0 0 0 rg BT 322.91 469.10 Td (client ) Tj ET Q q 0 0 0 rg BT 347.93 469.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.51 469.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.51 469.10 Td ( ) Tj ET Q q 0 0 0 rg BT 381.32 469.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.46 469.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.46 469.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.27 469.10 Td (that ) Tj ET Q q 0 0 0 rg BT 433.07 469.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 481.96 469.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 512.52 469.10 Td (than ) Tj ET Q q 0 0 0 rg BT 532.55 469.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 553.68 469.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.83 457.10 Td (revenues.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 436.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 82.00 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.30 436.10 Td (versus ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.15 436.10 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 132.15 436.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.65 436.10 Td () Tj ET Q q 0 0 0 rg BT 136.60 436.10 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 176.12 436.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 213.95 436.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.68 436.10 Td ($280.5 ) Tj ET Q q 0 0 0 rg BT 265.48 436.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.37 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.67 436.10 Td (for ) Tj ET Q q 0 0 0 rg BT 310.63 436.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.15 436.10 Td (year ) Tj ET Q q 0 0 0 rg BT 344.65 436.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.83 436.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 429.21 436.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.21 436.10 Td ( ) Tj ET Q q 0 0 0 rg BT 451.51 436.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 493.23 436.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.31 436.10 Td ($287.0 ) Tj ET Q q 0 0 0 rg BT 533.11 436.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 436.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.65 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.86 424.10 Td (year ) Tj ET Q q 0 0 0 rg BT 97.05 424.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.92 424.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 180.99 424.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.99 424.10 Td (, ) Tj ET Q q 0 0 0 rg BT 205.48 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 211.91 424.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 248.32 424.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.64 424.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.97 424.10 Td (. ) Tj ET Q q 0 0 0 rg BT 276.31 424.10 Td (The ) Tj ET Q q 0 0 0 rg BT 293.85 424.10 Td (slight ) Tj ET Q q 0 0 0 rg BT 318.06 424.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 354.47 424.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.24 424.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.56 424.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.56 424.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.55 424.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 437.97 424.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 478.00 424.10 Td (as ) Tj ET Q q 0 0 0 rg BT 488.32 424.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 529.73 424.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 424.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 424.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 84.46 412.10 Td (from ) Tj ET Q q 0 0 0 rg BT 106.71 412.10 Td (a ) Tj ET Q q 0 0 0 rg BT 113.95 412.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 151.17 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.76 412.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 208.44 412.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 256.23 412.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 277.64 412.10 Td (which ) Tj ET Q q 0 0 0 rg BT 304.88 412.10 Td (were ) Tj ET Q q 0 0 0 rg BT 327.12 412.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 367.13 412.10 Td (smaller ) Tj ET Q q 0 0 0 rg BT 399.37 412.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.95 412.10 Td (scale ) Tj ET Q q 0 0 0 rg BT 432.75 412.10 Td (than ) Tj ET Q q 0 0 0 rg BT 452.77 412.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.35 412.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.35 412.10 Td (, ) Tj ET Q q 0 0 0 rg BT 488.66 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.91 412.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 531.48 412.10 Td (retainer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 71.10 400.10 Td (lar) Tj ET Q q 0 0 0 rg BT 81.46 400.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 101.18 400.10 Td (of) Tj ET Q q 0 0 0 rg BT 109.33 400.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 126.27 400.10 Td (by ) Tj ET Q q 0 0 0 rg BT 138.77 400.10 Td (an ) Tj ET Q q 0 0 0 rg BT 150.71 400.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 185.96 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.24 400.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 242.61 400.10 Td (announcement ) Tj ET Q q 0 0 0 rg BT 303.42 400.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.36 400.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 353.42 400.10 Td (fees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 379.10 Td (Prominent ) Tj ET Q q 0 0 0 rg BT 106.17 379.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 143.10 379.10 Td (assignments ) Tj ET Q q 0 0 0 rg BT 194.49 379.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 238.64 379.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.92 379.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.92 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 271.42 379.10 Td (include: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 346.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.28 346.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 160.99 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.38 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.66 346.10 Td (management ) Tj ET Q q 0 0 0 rg BT 241.81 346.10 Td (buy-in ) Tj ET Q q 0 0 0 rg BT 270.99 346.10 Td (team ) Tj ET Q q 0 0 0 rg BT 293.48 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.88 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 320.16 346.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 367.10 346.10 Td (by ) Tj ET Q q 0 0 0 rg BT 380.17 346.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 412.67 346.10 Td (institutional ) Tj ET Q q 0 0 0 rg BT 463.51 346.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 502.68 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.40 346.10 Td (AA) Tj ET Q q 0 0 0 rg BT 527.29 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 530.35 346.10 Td (Limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 334.10 Td (from ) Tj ET Q q 0 0 0 rg BT 107.39 334.10 Td (Acromas ) Tj ET Q q 0 0 0 rg BT 145.99 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.92 334.10 Td (simultaneous ) Tj ET Q q 0 0 0 rg BT 218.20 334.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 245.70 334.10 Td (on ) Tj ET Q q 0 0 0 rg BT 258.20 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.92 334.10 Td (London ) Tj ET Q q 0 0 0 rg BT 306.53 334.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 331.81 334.10 Td (Exchange;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 310.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 310.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 147.10 310.10 Td (by ) Tj ET Q q 0 0 0 rg BT 159.05 310.10 Td (Actavis, ) Tj ET Q q 0 0 0 rg BT 194.59 310.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 212.36 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.19 310.10 Td (Forest ) Tj ET Q q 0 0 0 rg BT 250.69 310.10 Td (Laboratories ) Tj ET Q q 0 0 0 rg BT 303.72 310.10 Td (Inc.;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 286.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 286.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 147.10 286.10 Td (by ) Tj ET Q q 0 0 0 rg BT 159.05 286.10 Td (Alcoa ) Tj ET Q q 0 0 0 rg BT 185.42 286.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 203.19 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.02 286.10 Td (Firth ) Tj ET Q q 0 0 0 rg BT 235.97 286.10 Td (Rixson ) Tj ET Q q 0 0 0 rg BT 266.81 286.10 Td (Limited;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 262.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 262.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 118.76 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.04 262.10 Td (A) Tj ET Q q 0 0 0 rg BT 135.16 262.10 Td (T&T's ) Tj ET Q q 0 0 0 rg BT 163.34 262.10 Td (wireline ) Tj ET Q q 0 0 0 rg BT 198.61 262.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 242.76 262.10 Td (in ) Tj ET Q q 0 0 0 rg BT 253.04 262.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.76 262.10 Td (State ) Tj ET Q q 0 0 0 rg BT 290.25 262.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.08 262.10 Td (Connecticut ) Tj ET Q q 0 0 0 rg BT 351.90 262.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.18 262.10 Td (Frontier ) Tj ET Q q 0 0 0 rg BT 396.90 262.10 Td (Communications;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 238.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.28 238.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 152.34 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.74 238.10 Td (Crosstex ) Tj ET Q q 0 0 0 rg BT 199.80 238.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 218.50 238.10 Td (gy) Tj ET Q q 0 0 0 rg BT 227.85 238.10 Td (, ) Tj ET Q q 0 0 0 rg BT 232.42 238.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 249.75 238.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.26 238.10 Td (Crosstex ) Tj ET Q q 0 0 0 rg BT 303.33 238.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 322.02 238.10 Td (gy) Tj ET Q q 0 0 0 rg BT 331.37 238.10 Td (, ) Tj ET Q q 0 0 0 rg BT 335.94 238.10 Td (L.P) Tj ET Q q 0 0 0 rg BT 349.00 238.10 Td (. ) Tj ET Q q 0 0 0 rg BT 353.57 238.10 Td (with ) Tj ET Q q 0 0 0 rg BT 373.41 238.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 426.03 238.10 Td (all ) Tj ET Q q 0 0 0 rg BT 438.09 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.49 238.10 Td (Devon ) Tj ET Q q 0 0 0 rg BT 477.22 238.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 495.91 238.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 507.98 238.10 Td (Corporation's ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 226.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 106.28 226.10 Td (midstream ) Tj ET Q q 0 0 0 rg BT 151.00 226.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 176.83 226.10 Td (to ) Tj ET Q q 0 0 0 rg BT 187.10 226.10 Td (create ) Tj ET Q q 0 0 0 rg BT 213.47 226.10 Td (EnLink ) Tj ET Q q 0 0 0 rg BT 245.96 226.10 Td (Midstream, ) Tj ET Q q 0 0 0 rg BT 294.29 226.10 Td (LLC ) Tj ET Q q 0 0 0 rg BT 315.67 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.61 226.10 Td (EnLink ) Tj ET Q q 0 0 0 rg BT 365.11 226.10 Td (Midstream ) Tj ET Q q 0 0 0 rg BT 410.93 226.10 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 448.70 226.10 Td (LP;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 202.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 202.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 118.76 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.59 202.10 Td (Flint ) Tj ET Q q 0 0 0 rg BT 150.99 202.10 Td (Group ) Tj ET Q q 0 0 0 rg BT 179.04 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.32 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 196.26 202.10 Td (consortium ) Tj ET Q q 0 0 0 rg BT 243.75 202.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 286.81 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.64 202.10 Td (Goldman ) Tj ET Q q 0 0 0 rg BT 337.36 202.10 Td (Sachs ) Tj ET Q q 0 0 0 rg BT 363.19 202.10 Td (Merchant ) Tj ET Q q 0 0 0 rg BT 404.00 202.10 Td (Banking ) Tj ET Q q 0 0 0 rg BT 440.39 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.33 202.10 Td (Koch ) Tj ET Q q 0 0 0 rg BT 481.49 202.10 Td (Industries;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 178.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 178.10 Td (global ) Tj ET Q q 0 0 0 rg BT 128.21 178.10 Td (licensing ) Tj ET Q q 0 0 0 rg BT 166.82 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.75 178.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 212.92 178.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 257.06 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.89 178.10 Td (MannKind ) Tj ET Q q 0 0 0 rg BT 313.72 178.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 364.55 178.10 Td (with ) Tj ET Q q 0 0 0 rg BT 384.83 178.10 Td (Sanofi ) Tj ET Q q 0 0 0 rg BT 413.44 178.10 Td (for ) Tj ET Q q 0 0 0 rg BT 427.04 178.10 Td (Afrezza;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 154.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 154.10 Td (mer) Tj ET Q q 0 0 0 rg BT 116.08 154.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 131.35 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.18 154.10 Td (QR ) Tj ET Q q 0 0 0 rg BT 158.57 154.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 177.27 154.10 Td (gy) Tj ET Q q 0 0 0 rg BT 186.62 154.10 Td (, ) Tj ET Q q 0 0 0 rg BT 191.62 154.10 Td (LP) Tj ET Q q 0 0 0 rg BT 202.92 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.42 154.10 Td (with ) Tj ET Q q 0 0 0 rg BT 225.70 154.10 Td (Breitburn ) Tj ET Q q 0 0 0 rg BT 266.52 154.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 285.22 154.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 297.72 154.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 332.99 154.10 Td (LP;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 130.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 130.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 159.86 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.51 130.10 Td (T) Tj ET Q q 0 0 0 rg BT 175.92 130.10 Td (esco ) Tj ET Q q 0 0 0 rg BT 196.19 130.10 Td (plc ) Tj ET Q q 0 0 0 rg BT 210.90 130.10 Td (on ) Tj ET Q q 0 0 0 rg BT 223.40 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.12 130.10 Td (formation ) Tj ET Q q 0 0 0 rg BT 280.05 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.88 130.10 Td (a ) Tj ET Q q 0 0 0 rg BT 297.82 130.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 318.66 130.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 351.14 130.10 Td (with ) Tj ET Q q 0 0 0 rg BT 371.42 130.10 Td (China ) Tj ET Q q 0 0 0 rg BT 397.81 130.10 Td (Resources ) Tj ET Q q 0 0 0 rg BT 441.41 130.10 Td (Enterprise ) Tj ET Q q 0 0 0 rg BT 485.00 130.10 Td (Ltd.; ) Tj ET Q q 0 0 0 rg BT 506.66 130.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 106.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 106.10 Td (mer) Tj ET Q q 0 0 0 rg BT 116.08 106.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 131.35 106.10 Td (by ) Tj ET Q q 0 0 0 rg BT 143.67 106.10 Td (TUI ) Tj ET Q q 0 0 0 rg BT 162.28 106.10 Td (AG ) Tj ET Q q 0 0 0 rg BT 179.22 106.10 Td (with ) Tj ET Q q 0 0 0 rg BT 199.32 106.10 Td (TUI ) Tj ET Q q 0 0 0 rg BT 218.30 106.10 Td (T) Tj ET Q q 0 0 0 rg BT 224.06 106.10 Td (ravel ) Tj ET Q q 0 0 0 rg BT 246.54 106.10 Td (Plc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 85.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.69 85.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.69 85.10 Td (, ) Tj ET Q q 0 0 0 rg BT 117.54 85.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.23 85.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 162.23 85.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 199.03 85.10 Td (group ) Tj ET Q q 0 0 0 rg BT 224.71 85.10 Td (served ) Tj ET Q q 0 0 0 rg BT 253.17 85.10 Td (as ) Tj ET Q q 0 0 0 rg BT 263.86 85.10 Td (global ) Tj ET Q q 0 0 0 rg BT 291.21 85.10 Td (placement ) Tj ET Q q 0 0 0 rg BT 334.65 85.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 358.66 85.10 Td (on ) Tj ET Q q 0 0 0 rg BT 371.02 85.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 398.36 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.05 85.10 Td (real ) Tj ET Q q 0 0 0 rg BT 426.39 85.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 451.51 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 468.30 85.10 Td (private ) Tj ET Q q 0 0 0 rg BT 498.42 85.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 525.77 85.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 550.35 85.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (eight ) Tj ET Q q 0 0 0 rg BT 72.71 73.10 Td (final ) Tj ET Q q 0 0 0 rg BT 93.76 73.10 Td (closings ) Tj ET Q q 0 0 0 rg BT 129.26 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.31 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.24 73.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 173.51 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.56 73.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 215.61 73.10 Td (partnership ) Tj ET Q q 0 0 0 rg BT 263.32 73.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 299.36 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.86 73.10 Td (such ) Tj ET Q q 0 0 0 rg BT 330.91 73.10 Td (funds. ) Tj ET Q q 0 0 0 rg BT 358.35 73.10 Td ( ) Tj ET Q q 0 0 0 rg BT 361.07 73.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 392.67 73.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 429.83 73.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 448.65 73.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.03 73.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.03 73.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.75 73.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.90 73.10 Td ($31.4 ) Tj ET Q q 0 0 0 rg BT 533.12 73.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 73.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 91.99 61.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.33 61.10 Td ($30.9 ) Tj ET Q q 0 0 0 rg BT 127.39 61.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.28 61.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.85 61.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.07 61.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.07 61.10 Td (, ) Tj ET Q q 0 0 0 rg BT 198.13 61.10 Td (reflecting ) Tj ET Q q 0 0 0 rg BT 239.01 61.10 Td (an ) Tj ET Q q 0 0 0 rg BT 251.01 61.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 286.33 61.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.22 61.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 317.29 61.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.18 61.10 Td (, ) Tj ET Q q 0 0 0 rg BT 351.24 61.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.13 61.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.46 61.10 Td (. ) Tj ET Q q 0 0 0 rg BT 380.53 61.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.09 61.10 Td (For ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.55 61.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.55 61.10 Td (, ) Tj ET Q q 0 0 0 rg BT 424.61 61.10 Td (we ) Tj ET Q q 0 0 0 rg BT 438.83 61.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.26 61.10 Td (1) Tj ET Q q 0 0 0 rg BT 484.89 61.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.22 61.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.78 61.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.67 61.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.57 61.10 Td (advisory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 88.04 49.10 Td (from ) Tj ET Q q 0 0 0 rg BT 109.98 49.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 139.13 49.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 176.06 49.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 197.16 49.10 Td (which ) Tj ET Q q 0 0 0 rg BT 224.10 49.10 Td (was ) Tj ET Q q 0 0 0 rg BT 242.15 49.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 284.65 49.10 Td (with ) Tj ET Q q 0 0 0 rg BT 304.93 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.64 49.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 341.58 49.10 Td (year) Tj ET Q q 0 0 0 rg BT 358.24 49.10 Td (.) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 742.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 742.10 Td (e ) Tj ET Q q 0 0 0 rg BT 78.05 742.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 107.67 742.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 145.08 742.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 183.59 742.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.00 742.10 Td (135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.97 742.10 Td (dif) Tj ET Q q 0 0 0 rg BT 234.90 742.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 261.19 742.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 290.26 742.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.01 742.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.01 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.99 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.40 742.10 Td (143) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.40 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.37 742.10 Td (dif) Tj ET Q q 0 0 0 rg BT 370.30 742.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 396.59 742.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 425.66 742.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.41 742.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.41 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 461.89 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 464.86 742.10 Td (Of ) Tj ET Q q 0 0 0 rg BT 478.38 742.10 Td (this ) Tj ET Q q 0 0 0 rg BT 495.80 742.10 Td (group ) Tj ET Q q 0 0 0 rg BT 522.11 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.41 742.10 Td (clients, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (39%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.33 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 71.07 730.10 Td (were ) Tj ET Q q 0 0 0 rg BT 93.24 730.10 Td (new ) Tj ET Q q 0 0 0 rg BT 112.64 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.15 730.10 Td (us ) Tj ET Q q 0 0 0 rg BT 134.79 730.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.30 730.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.30 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 170.54 730.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 212.71 730.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.22 730.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.55 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.29 730.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.81 730.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.81 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 280.05 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.59 730.10 Td (W) Tj ET Q q 0 0 0 rg BT 291.23 730.10 Td (e ) Tj ET Q q 0 0 0 rg BT 298.41 730.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 327.79 730.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 346.63 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.70 730.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 370.44 730.10 Td (million ) Tj ET Q q 0 0 0 rg BT 402.07 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 413.14 730.10 Td (more ) Tj ET Q q 0 0 0 rg BT 436.42 730.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.60 730.10 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.60 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 471.34 730.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 500.18 730.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.70 730.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.70 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 535.94 730.10 Td (up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.68 730.10 Td (9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 92.09 718.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.53 718.10 Td (58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.53 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.20 718.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.64 718.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.64 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 150.61 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 168.82 718.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 183.71 718.10 Td (lar) Tj ET Q q 0 0 0 rg BT 194.07 718.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 212.85 718.10 Td (fee-paying ) Tj ET Q q 0 0 0 rg BT 258.27 718.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 287.03 718.10 Td (contributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.24 718.10 Td (43%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.57 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.24 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.23 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 383.23 718.10 Td (total ) Tj ET Q q 0 0 0 rg BT 403.66 718.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 441.87 718.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.31 718.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.31 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 474.98 718.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.08 718.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.08 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 517.24 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.35 718.10 Td (four ) Tj ET Q q 0 0 0 rg BT 553.67 718.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.23 706.10 Td (top ) Tj ET Q q 0 0 0 rg BT 81.03 706.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 96.26 706.10 Td (lar) Tj ET Q q 0 0 0 rg BT 106.63 706.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 125.76 706.10 Td (fee-paying ) Tj ET Q q 0 0 0 rg BT 171.53 706.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 200.65 706.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.45 706.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.45 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 234.46 706.10 Td (had ) Tj ET Q q 0 0 0 rg BT 251.92 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 262.71 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 270.17 706.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 292.63 706.10 Td (year ) Tj ET Q q 0 0 0 rg BT 312.85 706.10 Td (been ) Tj ET Q q 0 0 0 rg BT 334.75 706.10 Td (among ) Tj ET Q q 0 0 0 rg BT 364.98 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 381.33 706.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 396.56 706.10 Td (lar) Tj ET Q q 0 0 0 rg BT 406.93 706.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 426.05 706.10 Td (fee-paying ) Tj ET Q q 0 0 0 rg BT 471.83 706.10 Td (clients. ) Tj ET Q q 0 0 0 rg BT 503.23 706.10 Td (There ) Tj ET Q q 0 0 0 rg BT 529.56 706.10 Td (were ) Tj ET Q q 0 0 0 rg BT 552.01 706.10 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 78.36 694.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.40 694.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.40 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.66 694.10 Td (who ) Tj ET Q q 0 0 0 rg BT 130.14 694.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 178.49 694.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 208.50 694.10 Td (than ) Tj ET Q q 0 0 0 rg BT 227.98 694.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 248.57 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.16 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 274.75 694.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 315.04 694.10 Td (while ) Tj ET Q q 0 0 0 rg BT 339.52 694.10 Td (one ) Tj ET Q q 0 0 0 rg BT 356.22 694.10 Td (client ) Tj ET Q q 0 0 0 rg BT 380.69 694.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.73 694.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.73 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 412.99 694.10 Td (\(advice ) Tj ET Q q 0 0 0 rg BT 444.67 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 454.71 694.10 Td (Coventry ) Tj ET Q q 0 0 0 rg BT 494.19 694.10 Td (Health ) Tj ET Q q 0 0 0 rg BT 523.10 694.10 Td (Care, ) Tj ET Q q 0 0 0 rg BT 546.74 694.10 Td (Inc. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 682.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 106.65 682.10 Td (with ) Tj ET Q q 0 0 0 rg BT 126.93 682.10 Td (its ) Tj ET Q q 0 0 0 rg BT 138.88 682.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 156.92 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 166.65 682.10 Td (Aetna\) ) Tj ET Q q 0 0 0 rg BT 196.36 682.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 244.94 682.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 305.20 682.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 326.03 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.86 682.10 Td (our ) Tj ET Q q 0 0 0 rg BT 352.69 682.10 Td (total ) Tj ET Q q 0 0 0 rg BT 372.96 682.10 Td (revenues.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 661.10 Td (By ) Tj ET Q q 0 0 0 rg BT 76.02 661.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 122.78 661.10 Td (region ) Tj ET Q q 0 0 0 rg BT 150.68 661.10 Td (in ) Tj ET Q q 0 0 0 rg BT 160.80 661.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 185.65 661.10 Td (our ) Tj ET Q q 0 0 0 rg BT 201.32 661.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 238.10 661.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 275.99 661.10 Td (were ) Tj ET Q q 0 0 0 rg BT 297.76 661.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 337.86 661.10 Td (well ) Tj ET Q q 0 0 0 rg BT 357.43 661.10 Td (dispersed ) Tj ET Q q 0 0 0 rg BT 397.54 661.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 443.77 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.33 661.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 493.44 661.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 527.44 661.10 Td (in ) Tj ET Q q 0 0 0 rg BT 537.57 661.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.24 649.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 96.25 649.10 Td (with ) Tj ET Q q 0 0 0 rg BT 116.61 649.10 Td (an ) Tj ET Q q 0 0 0 rg BT 128.63 649.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 168.97 649.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 220.43 649.10 Td (from ) Tj ET Q q 0 0 0 rg BT 242.46 649.10 Td (North ) Tj ET Q q 0 0 0 rg BT 267.80 649.10 Td (America, ) Tj ET Q q 0 0 0 rg BT 307.31 649.10 Td (where ) Tj ET Q q 0 0 0 rg BT 334.32 649.10 Td (we ) Tj ET Q q 0 0 0 rg BT 348.56 649.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 390.01 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.37 649.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 429.05 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.96 649.10 Td (59% ) Tj ET Q q 0 0 0 rg BT 460.88 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.79 649.10 Td (our ) Tj ET Q q 0 0 0 rg BT 487.70 649.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 528.32 649.10 Td (which ) Tj ET Q q 0 0 0 rg BT 555.34 649.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 93.54 637.10 Td (with ) Tj ET Q q 0 0 0 rg BT 114.87 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.64 637.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 166.94 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.27 637.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 225.69 637.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 259.23 637.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 299.98 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.30 637.10 Td (that ) Tj ET Q q 0 0 0 rg BT 329.85 637.10 Td (region. ) Tj ET Q q 0 0 0 rg BT 361.44 637.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.99 637.10 Td (Most ) Tj ET Q q 0 0 0 rg BT 389.10 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.98 637.10 Td (our ) Tj ET Q q 0 0 0 rg BT 417.86 637.10 Td (other ) Tj ET Q q 0 0 0 rg BT 441.96 637.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 465.51 637.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 503.49 637.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 542.58 637.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 90.70 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.31 625.10 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 133.53 625.10 Td (where ) Tj ET Q q 0 0 0 rg BT 159.79 625.10 Td (we ) Tj ET Q q 0 0 0 rg BT 173.29 625.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 205.11 625.10 Td (30% ) Tj ET Q q 0 0 0 rg BT 225.27 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 235.44 625.10 Td (our ) Tj ET Q q 0 0 0 rg BT 250.61 625.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 290.48 625.10 Td (which ) Tj ET Q q 0 0 0 rg BT 316.75 625.10 Td (was ) Tj ET Q q 0 0 0 rg BT 334.14 625.10 Td (a ) Tj ET Q q 0 0 0 rg BT 340.42 625.10 Td (slight ) Tj ET Q q 0 0 0 rg BT 364.48 625.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 395.19 625.10 Td (from ) Tj ET Q q 0 0 0 rg BT 416.46 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.51 625.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 457.35 625.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 479.18 625.10 Td (level ) Tj ET Q q 0 0 0 rg BT 500.45 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.62 625.10 Td (contribution. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (In ) Tj ET Q q 0 0 0 rg BT 60.28 613.10 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 101.93 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.65 613.10 Td (scale ) Tj ET Q q 0 0 0 rg BT 139.14 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.97 613.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 200.23 613.10 Td (on ) Tj ET Q q 0 0 0 rg BT 212.73 613.10 Td (which ) Tj ET Q q 0 0 0 rg BT 239.67 613.10 Td (we ) Tj ET Q q 0 0 0 rg BT 253.83 613.10 Td (advised ) Tj ET Q q 0 0 0 rg BT 286.88 613.10 Td (declined ) Tj ET Q q 0 0 0 rg BT 323.25 613.10 Td (from ) Tj ET Q q 0 0 0 rg BT 345.19 613.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 370.19 613.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 592.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 110.06 592.10 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 571.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 87.48 571.10 Td (our ) Tj ET Q q 0 0 0 rg BT 104.08 571.10 Td (exit ) Tj ET Q q 0 0 0 rg BT 122.35 571.10 Td (from ) Tj ET Q q 0 0 0 rg BT 145.05 571.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.54 571.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 201.01 571.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 236.49 571.10 Td (business ) Tj ET Q q 0 0 0 rg BT 273.65 571.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.70 571.10 Td (2009, ) Tj ET Q q 0 0 0 rg BT 310.47 571.10 Td (we ) Tj ET Q q 0 0 0 rg BT 325.40 571.10 Td (have ) Tj ET Q q 0 0 0 rg BT 347.54 571.10 Td (sought ) Tj ET Q q 0 0 0 rg BT 377.48 571.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.52 571.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 418.43 571.10 Td (value ) Tj ET Q q 0 0 0 rg BT 443.36 571.10 Td (from ) Tj ET Q q 0 0 0 rg BT 466.06 571.10 Td (our ) Tj ET Q q 0 0 0 rg BT 482.66 571.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 526.47 571.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 102.61 559.10 Td (which ) Tj ET Q q 0 0 0 rg BT 129.38 559.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 175.04 559.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 214.59 559.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.26 559.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 275.37 559.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.49 559.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 330.04 559.10 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 372.93 559.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 412.47 559.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 447.02 559.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 471.58 559.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.35 559.10 Td (Iridium. ) Tj ET Q q 0 0 0 rg BT 523.01 559.10 Td (While ) Tj ET Q q 0 0 0 rg BT 549.78 559.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 86.07 547.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.58 547.10 Td (those ) Tj ET Q q 0 0 0 rg BT 119.88 547.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 141.50 547.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 178.66 547.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.62 547.10 Td (201) Tj ET Q q 0 0 0 rg BT 203.25 547.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 210.44 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.06 547.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 251.75 547.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.71 547.10 Td (2013 ) Tj ET Q q 0 0 0 rg BT 283.89 547.10 Td (we ) Tj ET Q q 0 0 0 rg BT 297.74 547.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 316.59 547.10 Td (an ) Tj ET Q q 0 0 0 rg BT 328.22 547.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 359.84 547.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.80 547.10 Td (a ) Tj ET Q q 0 0 0 rg BT 376.42 547.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 415.81 547.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 450.21 547.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 470.73 547.10 Td (for ) Tj ET Q q 0 0 0 rg BT 484.57 547.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.52 547.10 Td ($2.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 535.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.73 535.10 Td (which ) Tj ET Q q 0 0 0 rg BT 110.51 535.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 158.94 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.49 535.10 Td (book ) Tj ET Q q 0 0 0 rg BT 195.83 535.10 Td (value ) Tj ET Q q 0 0 0 rg BT 219.83 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.50 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.06 535.10 Td (investment. ) Tj ET Q q 0 0 0 rg BT 293.26 535.10 Td (Also ) Tj ET Q q 0 0 0 rg BT 314.49 535.10 Td (in ) Tj ET Q q 0 0 0 rg BT 324.61 535.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 349.45 535.10 Td (we ) Tj ET Q q 0 0 0 rg BT 363.45 535.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 407.44 535.10 Td (our ) Tj ET Q q 0 0 0 rg BT 423.11 535.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 468.78 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.45 535.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 511.79 535.10 Td (with ) Tj ET Q q 0 0 0 rg BT 531.91 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.47 535.10 Td (sale ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.37 523.10 Td (common ) Tj ET Q q 0 0 0 rg BT 99.40 523.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 127.42 523.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 157.12 523.10 Td (at ) Tj ET Q q 0 0 0 rg BT 167.37 523.10 Td ($34.3 ) Tj ET Q q 0 0 0 rg BT 192.90 523.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 227.33 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.81 523.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 291.71 523.10 Td (a ) Tj ET Q q 0 0 0 rg BT 299.18 523.10 Td (slight ) Tj ET Q q 0 0 0 rg BT 324.44 523.10 Td (gain. ) Tj ET Q q 0 0 0 rg BT 347.20 523.10 Td (During ) Tj ET Q q 0 0 0 rg BT 378.56 523.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 404.10 523.10 Td (we ) Tj ET Q q 0 0 0 rg BT 418.79 523.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 472.38 523.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 517.07 523.10 Td (our ) Tj ET Q q 0 0 0 rg BT 533.43 523.10 Td (goal ) Tj ET Q q 0 0 0 rg BT 553.69 523.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 71.39 511.10 Td (exiting ) Tj ET Q q 0 0 0 rg BT 101.66 511.10 Td (our ) Tj ET Q q 0 0 0 rg BT 117.49 511.10 Td (historic ) Tj ET Q q 0 0 0 rg BT 149.99 511.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 189.69 511.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 224.40 511.10 Td (investments. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 490.10 Td (During ) Tj ET Q q 0 0 0 rg BT 92.62 490.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.13 490.10 Td (years ) Tj ET Q q 0 0 0 rg BT 130.52 490.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 156.69 490.10 Td (December ) Tj ET Q q 0 0 0 rg BT 200.07 490.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 214.86 490.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 237.15 490.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.88 490.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 278.68 490.10 Td (we ) Tj ET Q q 0 0 0 rg BT 292.63 490.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 333.78 490.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 379.96 490.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 417.79 490.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 463.40 490.10 Td (from ) Tj ET Q q 0 0 0 rg BT 485.13 490.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 508.53 490.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 522.49 490.10 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 552.00 490.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.63 478.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 100.71 478.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 151.90 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.10 478.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.73 478.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 219.35 478.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 254.98 478.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 280.62 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.47 478.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 331.88 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 343.63 478.10 Td (these ) Tj ET Q q 0 0 0 rg BT 367.59 478.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 418.78 478.10 Td (were ) Tj ET Q q 0 0 0 rg BT 441.62 478.10 Td (liquidated. ) Tj ET Q q 0 0 0 rg BT 487.53 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.94 478.10 Td (In ) Tj ET Q q 0 0 0 rg BT 502.69 478.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 528.60 478.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.80 478.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 96.48 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.95 466.10 Td (our ) Tj ET Q q 0 0 0 rg BT 124.43 466.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 163.12 466.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 210.15 466.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 248.29 466.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 301.99 466.10 Td (complete, ) Tj ET Q q 0 0 0 rg BT 344.29 466.10 Td (our ) Tj ET Q q 0 0 0 rg BT 360.76 466.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 407.79 466.10 Td (income ) Tj ET Q q 0 0 0 rg BT 440.37 466.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 480.73 466.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 521.10 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 532.57 466.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 84.43 454.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 433.10 Td (At ) Tj ET Q q 0 0 0 rg BT 73.30 433.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 130.68 433.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 154.48 433.10 Td (our ) Tj ET Q q 0 0 0 rg BT 169.11 433.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 210.95 433.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 260.02 433.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 298.53 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.16 433.10 Td (a ) Tj ET Q q 0 0 0 rg BT 313.90 433.10 Td (small ) Tj ET Q q 0 0 0 rg BT 336.86 433.10 Td (group ) Tj ET Q q 0 0 0 rg BT 361.49 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.11 433.10 Td (diverse ) Tj ET Q q 0 0 0 rg BT 401.29 433.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 450.36 433.10 Td (held ) Tj ET Q q 0 0 0 rg BT 468.88 433.10 Td (in ) Tj ET Q q 0 0 0 rg BT 477.95 433.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 521.47 433.10 Td (sponsored ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.09 421.10 Td (other ) Tj ET Q q 0 0 0 rg BT 88.30 421.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 127.15 421.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 161.03 421.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 187.40 421.10 Td (which ) Tj ET Q q 0 0 0 rg BT 213.50 421.10 Td (in ) Tj ET Q q 0 0 0 rg BT 222.93 421.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 263.45 421.10 Td (had ) Tj ET Q q 0 0 0 rg BT 279.54 421.10 Td (an ) Tj ET Q q 0 0 0 rg BT 290.63 421.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 330.61 421.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 346.14 421.10 Td (value ) Tj ET Q q 0 0 0 rg BT 369.45 421.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.44 421.10 Td ($3.6 ) Tj ET Q q 0 0 0 rg BT 398.59 421.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.49 421.10 Td (. ) Tj ET Q q 0 0 0 rg BT 431.52 421.10 Td (The ) Tj ET Q q 0 0 0 rg BT 448.72 421.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 490.92 421.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 529.78 421.10 Td (banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 71.11 409.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 121.66 409.10 Td (are ) Tj ET Q q 0 0 0 rg BT 136.64 409.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 174.95 409.10 Td (to ) Tj ET Q q 0 0 0 rg BT 185.50 409.10 Td (be ) Tj ET Q q 0 0 0 rg BT 197.71 409.10 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 240.48 409.10 Td (in ) Tj ET Q q 0 0 0 rg BT 251.04 409.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 287.14 409.10 Td (small ) Tj ET Q q 0 0 0 rg BT 311.58 409.10 Td (steps ) Tj ET Q q 0 0 0 rg BT 334.36 409.10 Td (over ) Tj ET Q q 0 0 0 rg BT 354.90 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.90 409.10 Td (next ) Tj ET Q q 0 0 0 rg BT 389.89 409.10 Td (few ) Tj ET Q q 0 0 0 rg BT 407.65 409.10 Td (years ) Tj ET Q q 0 0 0 rg BT 431.53 409.10 Td (as ) Tj ET Q q 0 0 0 rg BT 442.63 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.63 409.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 492.60 409.10 Td (managers ) Tj ET Q q 0 0 0 rg BT 533.70 409.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 554.24 409.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 79.32 397.10 Td (value ) Tj ET Q q 0 0 0 rg BT 103.65 397.10 Td (from ) Tj ET Q q 0 0 0 rg BT 125.76 397.10 Td (each ) Tj ET Q q 0 0 0 rg BT 146.75 397.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 192.75 397.10 Td (investment. ) Tj ET Q q 0 0 0 rg BT 241.81 397.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.29 397.10 Td (W) Tj ET Q q 0 0 0 rg BT 252.93 397.10 Td (e ) Tj ET Q q 0 0 0 rg BT 260.05 397.10 Td (have ) Tj ET Q q 0 0 0 rg BT 281.60 397.10 Td (no ) Tj ET Q q 0 0 0 rg BT 294.27 397.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 337.49 397.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 394.61 397.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.06 397.10 Td (make ) Tj ET Q q 0 0 0 rg BT 429.39 397.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 467.61 397.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 520.56 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 537.67 397.10 Td (we ) Tj ET Q q 0 0 0 rg BT 552.01 397.10 Td (do ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.28 385.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 92.77 385.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.05 385.10 Td (make ) Tj ET Q q 0 0 0 rg BT 127.21 385.10 Td (any ) Tj ET Q q 0 0 0 rg BT 144.15 385.10 Td (going ) Tj ET Q q 0 0 0 rg BT 169.42 385.10 Td (forward. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 364.10 Td (The ) Tj ET Q q 0 0 0 rg BT 80.05 364.10 Td (following ) Tj ET Q q 0 0 0 rg BT 121.43 364.10 Td (table ) Tj ET Q q 0 0 0 rg BT 143.37 364.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 160.87 364.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 182.81 364.10 Td (information ) Tj ET Q q 0 0 0 rg BT 232.52 364.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 265.56 364.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.84 364.10 Td (our ) Tj ET Q q 0 0 0 rg BT 291.67 364.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 338.05 364.10 Td (revenues: ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 314.60 325.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 314.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 314.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 314.60 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 314.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 314.60 59.00 -25.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 289.60 325.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 274.60 325.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 274.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 274.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 274.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 274.60 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 244.60 325.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 244.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 244.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 244.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 244.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 244.60 59.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 340.6 m 434.5 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 340.6 m 438.5 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 340.6 m 498.5 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 340.6 m 502.5 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 340.6 m 561.5 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 340.6 m 434.5 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 327.6 m 434.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 340.6 m 498.5 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 327.6 m 498.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 340.6 m 561.5 340.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 327.6 m 561.5 327.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 244.60000000000002 m 434.5 244.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 230.60000000000002 m 434.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 228.60000000000002 m 434.5 228.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 244.60000000000002 m 498.5 244.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 230.60000000000002 m 498.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 228.60000000000002 m 498.5 228.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 244.60000000000002 m 561.5 244.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 230.60000000000002 m 561.5 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 228.60000000000002 m 561.5 228.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 344.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.25 344.83 Td (For the Years Ended December31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 331.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 331.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 331.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.50 331.83 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 318.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.45 318.83 Td (\(In millions\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 305.17 Td (Net realized and unrealized gains \(losses\) in investments in merchant banking) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 295.17 Td (funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 294.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 294.27 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 294.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 294.32 Td (\(6.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 294.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 294.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 294.32 Td (\(1.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 294.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 280.17 Td (Net realized and unrealized gain \(loss\) in Iridium) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 279.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 279.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 279.27 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 265.17 Td (Sale of certain merchant banking assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 264.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.65 264.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 264.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 264.27 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 264.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 264.27 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 250.17 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 249.27 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.15 249.27 Td (1.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 249.27 Td (1.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 235.17 Td (Total investment revenues \(losses\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 234.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.15 234.27 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 234.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.80 234.32 Td (\(5.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 234.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 234.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 234.27 Td (0.2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 209.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 209.10 Td (e ) Tj ET Q q 0 0 0 rg BT 77.23 209.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 118.25 209.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 152.05 209.10 Td (on ) Tj ET Q q 0 0 0 rg BT 164.20 209.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 214.13 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.06 209.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 263.42 209.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 297.79 209.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 322.17 209.10 Td (based ) Tj ET Q q 0 0 0 rg BT 347.09 209.10 Td (on ) Tj ET Q q 0 0 0 rg BT 359.25 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 374.73 209.10 Td (allocable ) Tj ET Q q 0 0 0 rg BT 412.98 209.10 Td (share ) Tj ET Q q 0 0 0 rg BT 436.23 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.71 209.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 480.51 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.10 209.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 540.90 209.10 Td (gains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 63.78 197.10 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 93.13 197.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 128.57 197.10 Td (by ) Tj ET Q q 0 0 0 rg BT 140.69 197.10 Td (such ) Tj ET Q q 0 0 0 rg BT 161.14 197.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 185.49 197.10 Td (on ) Tj ET Q q 0 0 0 rg BT 197.61 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 204.17 197.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 242.39 197.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 267.01 197.10 Td (Investments ) Tj ET Q q 0 0 0 rg BT 317.46 197.10 Td (held ) Tj ET Q q 0 0 0 rg BT 336.80 197.10 Td (by ) Tj ET Q q 0 0 0 rg BT 348.92 197.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 388.25 197.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 422.59 197.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 446.93 197.10 Td (are ) Tj ET Q q 0 0 0 rg BT 461.26 197.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 498.36 197.10 Td (at ) Tj ET Q q 0 0 0 rg BT 507.70 197.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 548.14 197.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 76.46 185.10 Td (The ) Tj ET Q q 0 0 0 rg BT 94.48 185.10 Td (size ) Tj ET Q q 0 0 0 rg BT 112.51 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.43 185.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 158.02 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.83 185.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 203.52 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 213.77 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.47 185.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 244.83 185.10 Td (value ) Tj ET Q q 0 0 0 rg BT 268.96 185.10 Td (are ) Tj ET Q q 0 0 0 rg BT 283.65 185.10 Td (tied ) Tj ET Q q 0 0 0 rg BT 301.12 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.38 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 318.30 185.10 Td (number ) Tj ET Q q 0 0 0 rg BT 351.32 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.13 185.10 Td (dif) Tj ET Q q 0 0 0 rg BT 373.06 185.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 398.86 185.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 431.04 185.10 Td (including ) Tj ET Q q 0 0 0 rg BT 471.30 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.99 185.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 538.99 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 185.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 91.47 173.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 129.63 173.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 178.05 173.10 Td (general ) Tj ET Q q 0 0 0 rg BT 210.64 173.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 252.67 173.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 297.50 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 308.44 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.82 173.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 344.20 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.80 173.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 389.95 173.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 424.77 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.37 173.10 Td (other ) Tj ET Q q 0 0 0 rg BT 466.08 173.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 496.45 173.10 Td (which ) Tj ET Q q 0 0 0 rg BT 524.05 173.10 Td (af) Tj ET Q q 0 0 0 rg BT 531.64 173.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 549.78 173.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (industries ) Tj ET Q q 0 0 0 rg BT 91.35 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.60 161.10 Td (which ) Tj ET Q q 0 0 0 rg BT 128.51 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.19 161.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 167.88 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 182.56 161.10 Td (invested. ) Tj ET Q q 0 0 0 rg BT 220.85 161.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 256.64 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.43 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.12 161.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 317.35 161.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 364.80 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.60 161.10 Td (valuations ) Tj ET Q q 0 0 0 rg BT 419.17 161.10 Td (as ) Tj ET Q q 0 0 0 rg BT 429.97 161.10 Td (well ) Tj ET Q q 0 0 0 rg BT 449.65 161.10 Td (as ) Tj ET Q q 0 0 0 rg BT 460.45 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.14 161.10 Td (discounts ) Tj ET Q q 0 0 0 rg BT 515.38 161.10 Td (applied, ) Tj ET Q q 0 0 0 rg BT 549.79 161.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 91.35 149.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 108.26 149.10 Td (value ) Tj ET Q q 0 0 0 rg BT 132.95 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.31 149.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 195.11 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.92 149.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 244.50 149.10 Td (held ) Tj ET Q q 0 0 0 rg BT 264.74 149.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 310.54 149.10 Td (may ) Tj ET Q q 0 0 0 rg BT 330.79 149.10 Td (dif) Tj ET Q q 0 0 0 rg BT 341.71 149.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 355.84 149.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 408.87 149.10 Td (from ) Tj ET Q q 0 0 0 rg BT 431.33 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.58 149.10 Td (values ) Tj ET Q q 0 0 0 rg BT 475.16 149.10 Td (that ) Tj ET Q q 0 0 0 rg BT 493.19 149.10 Td (would ) Tj ET Q q 0 0 0 rg BT 521.22 149.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.13 149.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (used ) Tj ET Q q 0 0 0 rg BT 71.01 137.10 Td (had ) Tj ET Q q 0 0 0 rg BT 88.12 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 95.24 137.10 Td (ready ) Tj ET Q q 0 0 0 rg BT 120.12 137.10 Td (market ) Tj ET Q q 0 0 0 rg BT 150.56 137.10 Td (for ) Tj ET Q q 0 0 0 rg BT 164.90 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.80 137.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 220.24 137.10 Td (existed. ) Tj ET Q q 0 0 0 rg BT 253.74 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.22 137.10 Td (W) Tj ET Q q 0 0 0 rg BT 264.86 137.10 Td (e ) Tj ET Q q 0 0 0 rg BT 271.98 137.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 318.52 137.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 362.83 137.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 386.62 137.10 Td (or ) Tj ET Q q 0 0 0 rg BT 397.63 137.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 424.19 137.10 Td (from ) Tj ET Q q 0 0 0 rg BT 446.31 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 462.32 137.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 508.88 137.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.33 137.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 552.00 137.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td (marking ) Tj ET Q q 0 0 0 rg BT 85.80 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.05 125.10 Td (market ) Tj ET Q q 0 0 0 rg BT 126.28 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 142.09 125.10 Td (holdings ) Tj ET Q q 0 0 0 rg BT 179.01 125.10 Td (at ) Tj ET Q q 0 0 0 rg BT 188.70 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.38 125.10 Td (end ) Tj ET Q q 0 0 0 rg BT 220.29 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.10 125.10 Td (each ) Tj ET Q q 0 0 0 rg BT 251.88 125.10 Td (period ) Tj ET Q q 0 0 0 rg BT 279.90 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.81 125.10 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 346.49 125.10 Td (any ) Tj ET Q q 0 0 0 rg BT 363.40 125.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 397.51 125.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 421.09 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 431.90 125.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 458.26 125.10 Td (on ) Tj ET Q q 0 0 0 rg BT 470.73 125.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 492.64 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.44 125.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 535.91 125.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 113.10 Td (period ) Tj ET Q q 0 0 0 rg BT 92.76 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.59 113.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 121.64 113.10 Td (based ) Tj ET Q q 0 0 0 rg BT 146.91 113.10 Td (on ) Tj ET Q q 0 0 0 rg BT 159.41 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.13 113.10 Td (change ) Tj ET Q q 0 0 0 rg BT 204.94 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 215.22 113.10 Td (price ) Tj ET Q q 0 0 0 rg BT 237.71 113.10 Td (from ) Tj ET Q q 0 0 0 rg BT 259.64 113.10 Td (our ) Tj ET Q q 0 0 0 rg BT 275.47 113.10 Td (mark ) Tj ET Q q 0 0 0 rg BT 298.52 113.10 Td (for ) Tj ET Q q 0 0 0 rg BT 312.68 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.40 113.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 364.34 113.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 400.15 113.10 Td (period. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 92.10 Td (As ) Tj ET Q q 0 0 0 rg BT 76.15 92.10 Td (a ) Tj ET Q q 0 0 0 rg BT 83.62 92.10 Td (result ) Tj ET Q q 0 0 0 rg BT 108.87 92.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.24 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.49 92.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 154.07 92.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.44 92.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 219.02 92.10 Td (all ) Tj ET Q q 0 0 0 rg BT 232.05 92.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.42 92.10 Td (our ) Tj ET Q q 0 0 0 rg BT 259.78 92.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 313.09 92.10 Td (we ) Tj ET Q q 0 0 0 rg BT 327.78 92.10 Td (do ) Tj ET Q q 0 0 0 rg BT 340.82 92.10 Td (not ) Tj ET Q q 0 0 0 rg BT 356.63 92.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 385.76 92.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.57 92.10 Td (report ) Tj ET Q q 0 0 0 rg BT 423.48 92.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 468.73 92.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 515.65 92.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 554.22 92.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (future ) Tj ET Q q 0 0 0 rg BT 76.88 80.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 111.83 80.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.84 80.10 Td (However) Tj ET Q q 0 0 0 rg BT 151.09 80.10 Td (, ) Tj ET Q q 0 0 0 rg BT 156.59 80.10 Td (we ) Tj ET Q q 0 0 0 rg BT 171.26 80.10 Td (will ) Tj ET Q q 0 0 0 rg BT 189.82 80.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 227.26 80.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.05 80.10 Td (record ) Tj ET Q q 0 0 0 rg BT 266.59 80.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 301.24 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.69 80.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 363.33 80.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 398.55 80.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.33 80.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.56 80.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 441.44 80.10 Td (value ) Tj ET Q q 0 0 0 rg BT 466.10 80.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.44 80.10 Td (our ) Tj ET Q q 0 0 0 rg BT 493.78 80.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 544.56 80.10 Td (on ) Tj ET Q q 0 0 0 rg BT 557.56 80.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 88.81 68.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 111.53 68.10 Td (until ) Tj ET Q q 0 0 0 rg BT 132.59 68.10 Td (such ) Tj ET Q q 0 0 0 rg BT 153.64 68.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 204.13 68.10 Td (are ) Tj ET Q q 0 0 0 rg BT 219.06 68.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 240.66 68.10 Td (liquidated. ) Tj ET Q q 0 0 0 rg BT 285.27 68.10 Td (Adverse ) Tj ET Q q 0 0 0 rg BT 321.31 68.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 356.24 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.74 68.10 Td (general ) Tj ET Q q 0 0 0 rg BT 398.88 68.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 440.47 68.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 487.36 68.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 535.63 68.10 Td (prices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 56.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 75.26 56.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.20 56.10 Td (public ) Tj ET Q q 0 0 0 rg BT 119.70 56.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 147.19 56.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 181.35 56.10 Td (could ) Tj ET Q q 0 0 0 rg BT 206.06 56.10 Td (negatively ) Tj ET Q q 0 0 0 rg BT 250.21 56.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 279.93 56.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.64 56.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 327.14 56.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.97 56.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 384.35 56.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 422.39 56.10 Td (we ) Tj ET Q q 0 0 0 rg BT 436.55 56.10 Td (record ) Tj ET Q q 0 0 0 rg BT 464.58 56.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.86 56.10 Td (any ) Tj ET Q q 0 0 0 rg BT 491.80 56.10 Td (period. ) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (31) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 742.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 82.00 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.06 742.10 Td (versus ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 113.68 742.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 133.68 742.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.18 742.10 Td (For ) Tj ET Q q 0 0 0 rg BT 155.64 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.92 742.10 Td (year ) Tj ET Q q 0 0 0 rg BT 191.19 742.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.13 742.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 277.28 742.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.28 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 302.84 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 317.56 742.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 355.60 742.10 Td (an ) Tj ET Q q 0 0 0 rg BT 368.11 742.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 415.05 742.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 435.33 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.73 742.10 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 467.29 742.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.18 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.25 742.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 541.73 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 552.58 742.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 97.10 730.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 115.88 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.43 730.10 Td ($5.2 ) Tj ET Q q 0 0 0 rg BT 148.14 730.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.04 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.25 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 195.13 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.57 730.10 Td (year ) Tj ET Q q 0 0 0 rg BT 230.99 730.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.09 730.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 317.39 730.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.39 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 342.87 730.10 Td (The ) Tj ET Q q 0 0 0 rg BT 361.64 730.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 408.74 730.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 429.17 730.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.05 730.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.05 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 467.27 730.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 507.70 730.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 542.57 730.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.73 718.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 115.79 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 133.63 718.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 179.81 718.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 197.67 718.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.62 718.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.62 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 233.92 718.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 279.53 718.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 313.48 718.10 Td (from ) Tj ET Q q 0 0 0 rg BT 335.21 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.73 718.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 367.57 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 377.08 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 383.81 718.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 401.67 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.29 718.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 449.58 718.10 Td (company ) Tj ET Q q 0 0 0 rg BT 488.54 718.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 538.60 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 548.68 718.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 89.70 706.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 124.42 706.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 145.25 706.10 Td (investments.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 685.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 82.00 685.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.16 685.10 Td (versus ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 113.86 685.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.86 685.10 Td (.For ) Tj ET Q q 0 0 0 rg BT 155.91 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.28 685.10 Td (year ) Tj ET Q q 0 0 0 rg BT 191.65 685.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.68 685.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 277.92 685.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.92 685.10 Td (, ) Tj ET Q q 0 0 0 rg BT 303.57 685.10 Td (we ) Tj ET Q q 0 0 0 rg BT 318.39 685.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 356.52 685.10 Td (an ) Tj ET Q q 0 0 0 rg BT 369.12 685.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 416.15 685.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 434.87 685.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.36 685.10 Td ($5.2 ) Tj ET Q q 0 0 0 rg BT 467.01 685.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.90 685.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.06 685.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 541.64 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 552.57 685.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.76 673.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 116.85 673.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.06 673.10 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 148.44 673.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.33 673.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.21 673.10 Td (for ) Tj ET Q q 0 0 0 rg BT 194.75 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.84 673.10 Td (year ) Tj ET Q q 0 0 0 rg BT 229.92 673.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.68 673.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 315.64 673.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.64 673.10 Td (. ) Tj ET Q q 0 0 0 rg BT 340.81 673.10 Td (The ) Tj ET Q q 0 0 0 rg BT 359.23 673.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 405.99 673.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 424.43 673.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.97 673.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.97 673.10 Td ( ) Tj ET Q q 0 0 0 rg BT 461.85 673.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 508.04 673.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 542.58 673.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.71 661.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 82.74 661.10 Td (at ) Tj ET Q q 0 0 0 rg BT 92.45 661.10 Td (a ) Tj ET Q q 0 0 0 rg BT 99.38 661.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 117.43 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.25 661.10 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 165.74 661.10 Td (company ) Tj ET Q q 0 0 0 rg BT 204.88 661.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 255.15 661.10 Td (in ) Tj ET Q q 0 0 0 rg BT 265.42 661.10 Td (our ) Tj ET Q q 0 0 0 rg BT 281.24 661.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 320.93 661.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 355.63 661.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 376.46 661.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 429.04 661.10 Td (The ) Tj ET Q q 0 0 0 rg BT 447.08 661.10 Td (net ) Tj ET Q q 0 0 0 rg BT 461.78 661.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 508.15 661.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 527.86 661.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.01 661.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 661.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 96.01 649.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 130.35 649.10 Td (from ) Tj ET Q q 0 0 0 rg BT 152.48 649.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 184.60 649.10 Td (income ) Tj ET Q q 0 0 0 rg BT 216.72 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.84 649.10 Td (an ) Tj ET Q q 0 0 0 rg BT 245.97 649.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 281.41 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 291.87 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.78 649.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 336.68 649.10 Td (market ) Tj ET Q q 0 0 0 rg BT 367.13 649.10 Td (value ) Tj ET Q q 0 0 0 rg BT 391.47 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.49 649.10 Td (our ) Tj ET Q q 0 0 0 rg BT 418.51 649.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 465.08 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.54 649.10 Td (Iridium, ) Tj ET Q q 0 0 0 rg BT 510.72 649.10 Td (of) Tj ET Q q 0 0 0 rg BT 518.87 649.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 536.00 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 546.46 649.10 Td (part ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 637.10 Td (an ) Tj ET Q q 0 0 0 rg BT 74.44 637.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 120.82 637.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 138.88 637.10 Td (related ) Tj ET Q q 0 0 0 rg BT 168.58 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.86 637.10 Td (our ) Tj ET Q q 0 0 0 rg BT 194.69 637.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 234.39 637.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 269.11 637.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 289.94 637.10 Td (investments.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (Operating Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 592.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 592.10 Td (e ) Tj ET Q q 0 0 0 rg BT 77.74 592.10 Td (classify ) Tj ET Q q 0 0 0 rg BT 110.94 592.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 151.37 592.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 190.13 592.10 Td (as ) Tj ET Q q 0 0 0 rg BT 201.12 592.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 242.65 592.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 300.85 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.95 592.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 352.26 592.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 387.13 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.23 592.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 480.76 592.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 522.02 592.10 Td (Operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 89.93 580.10 Td (include ) Tj ET Q q 0 0 0 rg BT 123.19 580.10 Td (travel, ) Tj ET Q q 0 0 0 rg BT 152.29 580.10 Td (of) Tj ET Q q 0 0 0 rg BT 160.44 580.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 179.25 580.10 Td (space, ) Tj ET Q q 0 0 0 rg BT 207.79 580.10 Td (communications, ) Tj ET Q q 0 0 0 rg BT 280.22 580.10 Td (information ) Tj ET Q q 0 0 0 rg BT 331.27 580.10 Td (services, ) Tj ET Q q 0 0 0 rg BT 369.80 580.10 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 425.55 580.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 478.26 580.10 Td (services ) Tj ET Q q 0 0 0 rg BT 514.30 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.57 580.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (expense. ) Tj ET Q q 0 0 0 rg BT 87.21 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.16 568.10 Td (A) Tj ET Q q 0 0 0 rg BT 95.83 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.33 568.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 129.71 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 140.54 568.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 170.24 568.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 192.74 568.10 Td (are ) Tj ET Q q 0 0 0 rg BT 207.45 568.10 Td (reimbursed ) Tj ET Q q 0 0 0 rg BT 254.94 568.10 Td (by ) Tj ET Q q 0 0 0 rg BT 267.44 568.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 296.04 568.10 Td (under ) Tj ET Q q 0 0 0 rg BT 321.31 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.03 568.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 360.74 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.57 568.10 Td (client ) Tj ET Q q 0 0 0 rg BT 396.28 568.10 Td (engagements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 544.10 Td (For ) Tj ET Q q 0 0 0 rg BT 79.39 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.61 544.10 Td (year ) Tj ET Q q 0 0 0 rg BT 112.81 544.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.69 544.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 196.77 544.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.77 544.10 Td (, ) Tj ET Q q 0 0 0 rg BT 221.27 544.10 Td (total ) Tj ET Q q 0 0 0 rg BT 241.05 544.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 280.81 544.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 318.91 544.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.34 544.10 Td ($218.3 ) Tj ET Q q 0 0 0 rg BT 369.84 544.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.73 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.73 544.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 442.15 544.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.93 544.10 Td ($207.8 ) Tj ET Q q 0 0 0 rg BT 481.43 544.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.32 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.32 544.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.10 544.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.10 544.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.45 544.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 85.53 532.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.63 532.10 Td ($10.5 ) Tj ET Q q 0 0 0 rg BT 121.91 532.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.80 532.10 Td (, ) Tj ET Q q 0 0 0 rg BT 156.08 532.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.18 532.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.51 532.10 Td (, ) Tj ET Q q 0 0 0 rg BT 185.79 532.10 Td (related ) Tj ET Q q 0 0 0 rg BT 215.76 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.32 532.10 Td (an ) Tj ET Q q 0 0 0 rg BT 238.53 532.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 274.06 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.61 532.10 Td (our ) Tj ET Q q 0 0 0 rg BT 300.72 532.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 377.36 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.58 532.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 429.01 532.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 470.38 532.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 510.37 532.10 Td (as ) Tj ET Q q 0 0 0 rg BT 521.47 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 528.69 532.10 Td (result ) Tj ET Q q 0 0 0 rg BT 553.68 532.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.69 520.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 111.04 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.84 520.10 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 155.69 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 166.49 520.10 Td (described ) Tj ET Q q 0 0 0 rg BT 207.28 520.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.53 520.10 Td (more ) Tj ET Q q 0 0 0 rg BT 240.54 520.10 Td (detail ) Tj ET Q q 0 0 0 rg BT 265.23 520.10 Td (below) Tj ET Q q 0 0 0 rg BT 289.01 520.10 Td (. ) Tj ET Q q 0 0 0 rg BT 293.98 520.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 312.01 520.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 342.79 520.10 Td (income ) Tj ET Q q 0 0 0 rg BT 374.69 520.10 Td (mar) Tj ET Q q 0 0 0 rg BT 390.06 520.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 405.31 520.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.33 520.10 Td (17%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.66 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.13 520.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.26 520.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.26 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 480.73 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 491.53 520.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 533.42 520.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.67 520.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 520.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.16 508.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.16 508.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 484.10 Td (For ) Tj ET Q q 0 0 0 rg BT 79.39 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.61 484.10 Td (year ) Tj ET Q q 0 0 0 rg BT 112.81 484.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.69 484.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 196.77 484.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.77 484.10 Td (, ) Tj ET Q q 0 0 0 rg BT 221.27 484.10 Td (total ) Tj ET Q q 0 0 0 rg BT 241.05 484.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 280.81 484.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 318.91 484.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.34 484.10 Td ($207.8 ) Tj ET Q q 0 0 0 rg BT 369.84 484.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.73 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.73 484.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 442.15 484.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.93 484.10 Td ($215.9 ) Tj ET Q q 0 0 0 rg BT 481.43 484.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.32 484.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.32 484.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.10 484.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.10 484.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.45 484.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 87.61 472.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.13 472.10 Td ($8.1 ) Tj ET Q q 0 0 0 rg BT 119.82 472.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.71 472.10 Td (, ) Tj ET Q q 0 0 0 rg BT 154.41 472.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.93 472.10 Td (4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.26 472.10 Td (, ) Tj ET Q q 0 0 0 rg BT 184.95 472.10 Td (related ) Tj ET Q q 0 0 0 rg BT 215.34 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.32 472.10 Td (a ) Tj ET Q q 0 0 0 rg BT 233.95 472.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 271.55 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.52 472.10 Td (our ) Tj ET Q q 0 0 0 rg BT 299.05 472.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 357.78 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.41 472.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 410.26 472.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 452.05 472.10 Td (as ) Tj ET Q q 0 0 0 rg BT 463.57 472.10 Td (described ) Tj ET Q q 0 0 0 rg BT 505.08 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 516.05 472.10 Td (more ) Tj ET Q q 0 0 0 rg BT 539.79 472.10 Td (detail ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (below) Tj ET Q q 0 0 0 rg BT 73.79 460.10 Td (. ) Tj ET Q q 0 0 0 rg BT 78.79 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.29 460.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 99.34 460.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 130.16 460.10 Td (income ) Tj ET Q q 0 0 0 rg BT 162.09 460.10 Td (mar) Tj ET Q q 0 0 0 rg BT 177.46 460.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 192.73 460.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.89 460.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.89 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.39 460.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.33 460.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.33 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.83 460.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 308.54 460.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 344.36 460.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.08 460.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.41 460.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 436.10 Td (The ) Tj ET Q q 0 0 0 rg BT 82.12 436.10 Td (following ) Tj ET Q q 0 0 0 rg BT 124.08 436.10 Td (table ) Tj ET Q q 0 0 0 rg BT 146.59 436.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 164.67 436.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 187.18 436.10 Td (information ) Tj ET Q q 0 0 0 rg BT 237.47 436.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 271.09 436.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.94 436.10 Td (our ) Tj ET Q q 0 0 0 rg BT 298.34 436.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 339.18 436.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 380.86 436.10 Td (which ) Tj ET Q q 0 0 0 rg BT 408.37 436.10 Td (are ) Tj ET Q q 0 0 0 rg BT 423.65 436.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 460.04 436.10 Td (net ) Tj ET Q q 0 0 0 rg BT 475.34 436.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.74 436.10 Td (reimbursements ) Tj ET Q q 0 0 0 rg BT 553.69 436.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 424.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.70 424.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 118.30 424.10 Td (by ) Tj ET Q q 0 0 0 rg BT 130.80 424.10 Td (our ) Tj ET Q q 0 0 0 rg BT 146.63 424.10 Td (clients:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 369.60 283.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 369.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 369.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 369.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 369.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 369.60 74.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 355.60 283.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 341.60 283.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 341.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 341.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 341.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 341.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 341.60 74.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 327.60 283.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 313.60 283.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 313.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 313.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 313.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 313.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 313.60 74.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 299.60 283.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 285.60 283.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 285.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 285.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 285.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 285.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 285.60 74.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 271.60 283.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 257.60 283.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 333.50 257.60 73.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 406.50 257.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 410.50 257.60 74.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 484.50 257.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 488.50 257.60 74.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 393.6 m 406.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 406.5 393.6 m 410.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 393.6 m 484.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 484.5 393.6 m 488.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 393.6 m 562.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 393.6 m 406.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 381.6 m 406.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 393.6 m 484.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410.5 381.6 m 484.5 381.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 393.6 m 562.5 393.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 381.6 m 562.5 381.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 412.50 405.68 Td (For) Tj ET Q q 0 0 0 rg BT 424.79 405.68 Td ( the ) Tj ET Q q 0 0 0 rg BT 439.16 405.68 Td (Y) Tj ET Q q 0 0 0 rg BT 444.05 405.68 Td (ears Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 424.25 397.68 Td (December) Tj ET Q q 0 0 0 rg BT 458.75 397.68 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.50 385.68 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.00 385.68 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.00 385.68 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.50 373.68 Td (\(inmillions,exceptemployeedata\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 360.17 Td (Number of employees at year end) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 360.17 Td (350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.65 360.17 Td (305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.65 360.17 Td (319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 346.17 Td (Employee compensation and benefits expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.00 346.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 346.17 Td (147.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.00 346.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 346.17 Td (147.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.00 346.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 346.17 Td (155.7) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 332.16 Td (% of revenues) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 387.65 332.16 Td (56) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.65 332.16 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.65 332.16 Td (54) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.65 332.16 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 543.65 332.16 Td (54) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 553.65 332.16 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 318.17 Td (Non-compensation expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 318.17 Td (71.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 318.17 Td (60.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 318.17 Td (60.3) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 304.16 Td (% of revenues) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 387.65 304.16 Td (27) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.65 304.16 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.65 304.16 Td (22) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.65 304.16 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 543.65 304.16 Td (21) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 553.65 304.16 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 290.17 Td (Total operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.15 290.17 Td (218.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.15 290.17 Td (207.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 290.17 Td (215.9) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 276.16 Td (% of revenues) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 387.65 276.16 Td (83) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.65 276.16 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.65 276.16 Td (75) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.65 276.16 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 543.65 276.16 Td (75) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 553.65 276.16 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 262.17 Td (Total income before taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 262.17 Td (43.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 262.17 Td (67.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 262.17 Td (71.2) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 248.16 Td (Pre-tax income margin) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 387.65 248.16 Td (17) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 397.65 248.16 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 465.65 248.16 Td (25) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 475.65 248.16 Td (%) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 543.65 248.16 Td (25) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 553.65 248.16 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 223.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 123.96 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.02 223.10 Td (Benefits ) Tj ET Q q 0 0 0 rg BT 178.41 223.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 202.10 Td (The ) Tj ET Q q 0 0 0 rg BT 78.91 202.10 Td (lar) Tj ET Q q 0 0 0 rg BT 89.27 202.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 106.74 202.10 Td (component ) Tj ET Q q 0 0 0 rg BT 152.53 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.22 202.10 Td (our ) Tj ET Q q 0 0 0 rg BT 176.91 202.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 216.03 202.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 253.49 202.10 Td (is ) Tj ET Q q 0 0 0 rg BT 261.52 202.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 301.75 202.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 358.65 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.45 202.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 407.46 202.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 447.42 202.10 Td (which ) Tj ET Q q 0 0 0 rg BT 473.22 202.10 Td (we ) Tj ET Q q 0 0 0 rg BT 486.24 202.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 527.58 202.10 Td (annually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (based ) Tj ET Q q 0 0 0 rg BT 76.29 190.10 Td (on ) Tj ET Q q 0 0 0 rg BT 89.80 190.10 Td (a ) Tj ET Q q 0 0 0 rg BT 97.76 190.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 144.58 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.42 190.10 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 197.72 190.10 Td (The ) Tj ET Q q 0 0 0 rg BT 216.79 190.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 244.18 190.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 290.99 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.84 190.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 338.00 190.10 Td (is ) Tj ET Q q 0 0 0 rg BT 348.19 190.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 396.69 190.10 Td (by ) Tj ET Q q 0 0 0 rg BT 410.21 190.10 Td (management ) Tj ET Q q 0 0 0 rg BT 464.81 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 476.11 190.10 Td (consultation ) Tj ET Q q 0 0 0 rg BT 528.51 190.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.80 190.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 110.19 178.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 157.04 178.10 Td (at ) Tj ET Q q 0 0 0 rg BT 166.67 178.10 Td (each ) Tj ET Q q 0 0 0 rg BT 187.39 178.10 Td (year) Tj ET Q q 0 0 0 rg BT 204.40 178.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 224.58 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.43 178.10 Td (based ) Tj ET Q q 0 0 0 rg BT 266.61 178.10 Td (on ) Tj ET Q q 0 0 0 rg BT 279.02 178.10 Td (such ) Tj ET Q q 0 0 0 rg BT 299.77 178.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 329.38 178.10 Td (as ) Tj ET Q q 0 0 0 rg BT 340.13 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.76 178.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 387.15 178.10 Td (level ) Tj ET Q q 0 0 0 rg BT 408.99 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.74 178.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 460.19 178.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 506.46 178.10 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 104.58 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.73 166.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 139.88 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.69 166.10 Td (reward ) Tj ET Q q 0 0 0 rg BT 186.83 166.10 Td (our ) Tj ET Q q 0 0 0 rg BT 202.53 166.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 250.17 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.77 166.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 283.25 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.41 166.10 Td (recruit ) Tj ET Q q 0 0 0 rg BT 321.88 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.69 166.10 Td (exit ) Tj ET Q q 0 0 0 rg BT 356.07 166.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 403.71 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.30 166.10 Td (char) Tj ET Q q 0 0 0 rg BT 435.33 166.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 447.14 166.10 Td (for ) Tj ET Q q 0 0 0 rg BT 461.18 166.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 514.09 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.80 166.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 74.24 154.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 105.70 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.27 154.10 Td (related ) Tj ET Q q 0 0 0 rg BT 153.60 154.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 198.38 154.10 Td (and ) Tj ET Q q 0 0 0 rg BT 215.96 154.10 Td (other ) Tj ET Q q 0 0 0 rg BT 239.64 154.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 274.97 154.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 307.59 154.10 Td (The ) Tj ET Q q 0 0 0 rg BT 326.27 154.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 347.73 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.19 154.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 417.87 154.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.78 154.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 467.45 154.10 Td (has ) Tj ET Q q 0 0 0 rg BT 483.91 154.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 524.25 154.10 Td (relatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 85.83 142.10 Td (over ) Tj ET Q q 0 0 0 rg BT 106.09 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.81 142.10 Td (past ) Tj ET Q q 0 0 0 rg BT 139.42 142.10 Td (three ) Tj ET Q q 0 0 0 rg BT 161.90 142.10 Td (years ) Tj ET Q q 0 0 0 rg BT 185.50 142.10 Td (during ) Tj ET Q q 0 0 0 rg BT 214.11 142.10 Td (which ) Tj ET Q q 0 0 0 rg BT 241.05 142.10 Td (it ) Tj ET Q q 0 0 0 rg BT 249.11 142.10 Td (has ) Tj ET Q q 0 0 0 rg BT 264.94 142.10 Td (ranged ) Tj ET Q q 0 0 0 rg BT 294.64 142.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.58 142.10 Td (54%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.91 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.41 142.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.69 142.10 Td (56%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.02 142.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 121.10 Td ( ) Tj ET Q q 0 0 0 rg BT 65.47 121.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 84.50 121.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 143.51 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.42 121.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 196.55 121.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 236.13 121.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 282.92 121.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 314.17 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.97 121.10 Td (\(i\)base ) Tj ET Q q 0 0 0 rg BT 359.15 121.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 386.50 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.42 121.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 442.04 121.10 Td (\(ii\)amortization ) Tj ET Q q 0 0 0 rg BT 510.77 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.57 121.10 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 89.50 109.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 147.89 109.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 179.06 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.24 109.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 230.29 109.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 254.24 109.10 Td (units ) Tj ET Q q 0 0 0 rg BT 276.54 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.83 109.10 Td (\(iii\)annual ) Tj ET Q q 0 0 0 rg BT 340.82 109.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 380.32 109.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 438.71 109.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 472.65 109.10 Td (as ) Tj ET Q q 0 0 0 rg BT 483.83 109.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 504.45 109.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 531.19 109.10 Td (awards. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (Base ) Tj ET Q q 0 0 0 rg BT 71.72 97.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 97.88 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.60 97.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 148.54 97.10 Td (are ) Tj ET Q q 0 0 0 rg BT 163.02 97.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 182.52 97.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 212.57 97.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 258.74 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.24 97.10 Td (year) Tj ET Q q 0 0 0 rg BT 289.89 97.10 Td (. ) Tj ET Q q 0 0 0 rg BT 294.17 97.10 Td (A) Tj ET Q q 0 0 0 rg BT 300.47 97.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 326.64 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.25 97.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 376.73 97.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 400.12 97.10 Td (units ) Tj ET Q q 0 0 0 rg BT 421.85 97.10 Td (are ) Tj ET Q q 0 0 0 rg BT 436.34 97.10 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 490.82 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.54 97.10 Td (are ) Tj ET Q q 0 0 0 rg BT 522.03 97.10 Td (amortized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (into ) Tj ET Q q 0 0 0 rg BT 68.00 85.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 125.99 85.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 160.65 85.10 Td (\(based ) Tj ET Q q 0 0 0 rg BT 189.20 85.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 211.64 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.31 85.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 242.63 85.10 Td (value ) Tj ET Q q 0 0 0 rg BT 266.74 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.51 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.18 85.10 Td (award ) Tj ET Q q 0 0 0 rg BT 319.05 85.10 Td (at ) Tj ET Q q 0 0 0 rg BT 328.72 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.38 85.10 Td (time ) Tj ET Q q 0 0 0 rg BT 363.60 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.38 85.10 Td (grant\) ) Tj ET Q q 0 0 0 rg BT 400.71 85.10 Td (during ) Tj ET Q q 0 0 0 rg BT 429.26 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.93 85.10 Td (service ) Tj ET Q q 0 0 0 rg BT 474.69 85.10 Td (period ) Tj ET Q q 0 0 0 rg BT 502.69 85.10 Td (over ) Tj ET Q q 0 0 0 rg BT 522.90 85.10 Td (which ) Tj ET Q q 0 0 0 rg BT 549.79 85.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (award ) Tj ET Q q 0 0 0 rg BT 76.94 73.10 Td (vests, ) Tj ET Q q 0 0 0 rg BT 101.95 73.10 Td (which ) Tj ET Q q 0 0 0 rg BT 128.90 73.10 Td (is ) Tj ET Q q 0 0 0 rg BT 138.08 73.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 177.79 73.10 Td (five ) Tj ET Q q 0 0 0 rg BT 195.84 73.10 Td (years ) Tj ET Q q 0 0 0 rg BT 219.45 73.10 Td (for ) Tj ET Q q 0 0 0 rg BT 233.62 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.35 73.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 284.74 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.58 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.31 73.10 Td (awards. ) Tj ET Q q 0 0 0 rg BT 343.64 73.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.59 73.10 Td (As ) Tj ET Q q 0 0 0 rg BT 359.22 73.10 Td (we ) Tj ET Q q 0 0 0 rg BT 373.39 73.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 408.10 73.10 Td (these ) Tj ET Q q 0 0 0 rg BT 431.16 73.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 464.49 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.22 73.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 518.93 73.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 542.55 73.10 Td (units ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 95.29 61.10 Td (are ) Tj ET Q q 0 0 0 rg BT 108.93 61.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 145.33 61.10 Td (within ) Tj ET Q q 0 0 0 rg BT 172.32 61.10 Td (stockholders) Tj ET Q q 0 0 0 rg BT 225.46 61.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.88 61.10 Td (equity) Tj ET Q q 0 0 0 rg BT 251.23 61.10 Td (. ) Tj ET Q q 0 0 0 rg BT 255.16 61.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.59 61.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 278.02 61.10 Td (bonuses, ) Tj ET Q q 0 0 0 rg BT 314.17 61.10 Td (which ) Tj ET Q q 0 0 0 rg BT 340.04 61.10 Td (are ) Tj ET Q q 0 0 0 rg BT 353.68 61.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 386.19 61.10 Td (each ) Tj ET Q q 0 0 0 rg BT 405.93 61.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 433.85 61.10 Td (, ) Tj ET Q q 0 0 0 rg BT 437.78 61.10 Td (are ) Tj ET Q q 0 0 0 rg BT 451.42 61.10 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 505.05 61.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.92 61.10 Td (dependent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 71.99 49.10 Td (a ) Tj ET Q q 0 0 0 rg BT 78.41 49.10 Td (number ) Tj ET Q q 0 0 0 rg BT 110.94 49.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.26 49.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 152.95 49.10 Td (including ) Tj ET Q q 0 0 0 rg BT 192.71 49.10 Td (our ) Tj ET Q q 0 0 0 rg BT 208.03 49.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 245.00 49.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 300.01 49.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.43 49.10 Td (are ) Tj ET Q q 0 0 0 rg BT 330.62 49.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 369.81 49.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 389.02 49.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.78 49.10 Td (February ) Tj ET Q q 0 0 0 rg BT 436.87 49.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.63 49.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 476.93 49.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.25 49.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.45 49.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 542.86 49.10 Td (year) Tj ET Q q 0 0 0 rg BT 559.52 49.10 Td (.) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 79.84 742.10 Td (sum ) Tj ET Q q 0 0 0 rg BT 98.81 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.44 742.10 Td (base ) Tj ET Q q 0 0 0 rg BT 129.50 742.10 Td (salaries ) Tj ET Q q 0 0 0 rg BT 161.78 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.52 742.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 212.47 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.20 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.72 742.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 296.55 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.18 742.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 351.69 742.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 378.99 742.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 418.49 742.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 441.89 742.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 466.13 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 492.87 742.10 Td (we ) Tj ET Q q 0 0 0 rg BT 506.83 742.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 527.99 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.06 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 548.69 742.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 72.51 730.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 130.01 730.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 150.58 730.10 Td (has ) Tj ET Q q 0 0 0 rg BT 165.88 730.10 Td (ranged ) Tj ET Q q 0 0 0 rg BT 195.04 730.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 231.44 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 252.84 730.10 Td ($1) Tj ET Q q 0 0 0 rg BT 262.47 730.10 Td (14.0 ) Tj ET Q q 0 0 0 rg BT 281.93 730.10 Td (million ) Tj ET Q q 0 0 0 rg BT 312.78 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.52 730.10 Td ($131.0 ) Tj ET Q q 0 0 0 rg BT 351.99 730.10 Td (million ) Tj ET Q q 0 0 0 rg BT 382.84 730.10 Td (during ) Tj ET Q q 0 0 0 rg BT 410.91 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.09 730.10 Td (three-year ) Tj ET Q q 0 0 0 rg BT 467.57 730.10 Td (period ) Tj ET Q q 0 0 0 rg BT 495.08 730.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 520.92 730.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 65.75 718.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 91.49 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.51 718.10 Td (W) Tj ET Q q 0 0 0 rg BT 103.14 718.10 Td (e ) Tj ET Q q 0 0 0 rg BT 110.83 718.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 147.40 718.10 Td (that ) Tj ET Q q 0 0 0 rg BT 165.64 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 182.22 718.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 206.01 718.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 264.80 718.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 284.15 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 299.06 718.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 322.31 718.10 Td (will ) Tj ET Q q 0 0 0 rg BT 341.11 718.10 Td (fall ) Tj ET Q q 0 0 0 rg BT 357.69 718.10 Td (within ) Tj ET Q q 0 0 0 rg BT 386.49 718.10 Td (this ) Tj ET Q q 0 0 0 rg BT 404.18 718.10 Td (range. ) Tj ET Q q 0 0 0 rg BT 431.90 718.10 Td (This ) Tj ET Q q 0 0 0 rg BT 452.93 718.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 489.50 718.10 Td (is ) Tj ET Q q 0 0 0 rg BT 499.41 718.10 Td (based ) Tj ET Q q 0 0 0 rg BT 525.43 718.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 548.68 718.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 93.48 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.31 706.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 136.57 706.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 162.28 706.10 Td (as ) Tj ET Q q 0 0 0 rg BT 173.00 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.71 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.32 706.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 240.70 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.42 706.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 276.30 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 278.52 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 296.45 706.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 336.05 706.10 Td (we ) Tj ET Q q 0 0 0 rg BT 350.10 706.10 Td (make ) Tj ET Q q 0 0 0 rg BT 374.14 706.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 420.42 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.02 706.10 Td (year ) Tj ET Q q 0 0 0 rg BT 454.61 706.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 487.54 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 497.71 706.10 Td (hiring, ) Tj ET Q q 0 0 0 rg BT 526.48 706.10 Td (retaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.20 694.10 Td (exiting ) Tj ET Q q 0 0 0 rg BT 97.73 694.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 143.26 694.10 Td (may ) Tj ET Q q 0 0 0 rg BT 163.24 694.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 198.75 694.10 Td (or ) Tj ET Q q 0 0 0 rg BT 209.84 694.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 247.02 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 263.11 694.10 Td (full ) Tj ET Q q 0 0 0 rg BT 279.76 694.10 Td (year ) Tj ET Q q 0 0 0 rg BT 299.73 694.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 323.03 694.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 381.34 694.10 Td (cost. ) Tj ET Q q 0 0 0 rg BT 402.71 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.47 694.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 423.78 694.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 447.09 694.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 505.39 694.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 524.26 694.10 Td (may ) Tj ET Q q 0 0 0 rg BT 544.24 694.10 Td (vary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (from ) Tj ET Q q 0 0 0 rg BT 72.03 682.10 Td (year ) Tj ET Q q 0 0 0 rg BT 91.82 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.18 682.10 Td (year ) Tj ET Q q 0 0 0 rg BT 121.98 682.10 Td (based ) Tj ET Q q 0 0 0 rg BT 147.33 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 159.92 682.10 Td (such ) Tj ET Q q 0 0 0 rg BT 180.84 682.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 210.63 682.10 Td (as ) Tj ET Q q 0 0 0 rg BT 221.55 682.10 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 267.73 682.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 302.52 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.89 682.10 Td (char) Tj ET Q q 0 0 0 rg BT 329.92 682.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 345.83 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 360.08 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.88 682.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 428.01 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.92 682.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 478.71 682.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 502.41 682.10 Td (units ) Tj ET Q q 0 0 0 rg BT 524.44 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.47 682.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.70 670.10 Td (matters.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 649.10 Td (The ) Tj ET Q q 0 0 0 rg BT 81.08 649.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 123.47 649.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 156.99 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.85 649.10 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 224.58 649.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 252.00 649.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 293.86 649.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 334.59 649.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 378.66 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.40 649.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 424.03 649.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 457.55 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.41 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 485.16 649.10 Td (total ) Tj ET Q q 0 0 0 rg BT 506.46 649.10 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.74 637.10 Td (over ) Tj ET Q q 0 0 0 rg BT 103.25 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.22 637.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 150.96 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.03 637.10 Td (base ) Tj ET Q q 0 0 0 rg BT 182.55 637.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 209.17 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.35 637.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 260.76 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.94 637.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 331.22 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.30 637.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 382.25 637.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 406.10 637.10 Td (awards. ) Tj ET Q q 0 0 0 rg BT 439.67 637.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.41 637.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 465.16 637.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 491.79 637.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 528.43 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.50 637.10 Td ($23.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 84.71 625.10 Td ($34.0 ) Tj ET Q q 0 0 0 rg BT 110.52 625.10 Td (million ) Tj ET Q q 0 0 0 rg BT 142.73 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.48 625.10 Td ($25.0 ) Tj ET Q q 0 0 0 rg BT 186.30 625.10 Td (million ) Tj ET Q q 0 0 0 rg BT 218.51 625.10 Td (were ) Tj ET Q q 0 0 0 rg BT 241.25 625.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 261.78 625.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 290.64 625.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 325.04 625.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.14 625.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.14 625.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.95 625.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.95 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 385.27 625.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.02 625.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.02 625.10 Td (, ) Tj ET Q q 0 0 0 rg BT 428.84 625.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 476.50 625.10 Td (. ) Tj ET Q q 0 0 0 rg BT 482.07 625.10 Td (The ) Tj ET Q q 0 0 0 rg BT 500.94 625.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 538.13 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 625.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 90.82 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 101.10 613.10 Td (each ) Tj ET Q q 0 0 0 rg BT 121.91 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.74 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.45 613.10 Td (last ) Tj ET Q q 0 0 0 rg BT 163.84 613.10 Td (three ) Tj ET Q q 0 0 0 rg BT 186.32 613.10 Td (years ) Tj ET Q q 0 0 0 rg BT 209.92 613.10 Td (were ) Tj ET Q q 0 0 0 rg BT 231.84 613.10 Td (made ) Tj ET Q q 0 0 0 rg BT 256.00 613.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.27 613.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 317.65 613.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 362.91 613.10 Td (who ) Tj ET Q q 0 0 0 rg BT 382.63 613.10 Td (were ) Tj ET Q q 0 0 0 rg BT 404.55 613.10 Td (not ) Tj ET Q q 0 0 0 rg BT 419.83 613.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 461.76 613.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 501.74 613.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 544.24 613.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (our ) Tj ET Q q 0 0 0 rg BT 67.65 601.10 Td (philosophy ) Tj ET Q q 0 0 0 rg BT 116.42 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.08 601.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 172.29 601.10 Td (our ) Tj ET Q q 0 0 0 rg BT 189.94 601.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 218.70 601.10 Td (bankers ) Tj ET Q q 0 0 0 rg BT 254.12 601.10 Td (a ) Tj ET Q q 0 0 0 rg BT 262.88 601.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 294.96 601.10 Td (share ) Tj ET Q q 0 0 0 rg BT 320.38 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.03 601.10 Td (their ) Tj ET Q q 0 0 0 rg BT 355.68 601.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 415.55 601.10 Td (in ) Tj ET Q q 0 0 0 rg BT 427.65 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.19 601.10 Td (form ) Tj ET Q q 0 0 0 rg BT 467.95 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.60 601.10 Td (long ) Tj ET Q q 0 0 0 rg BT 502.70 601.10 Td (term ) Tj ET Q q 0 0 0 rg BT 525.35 601.10 Td (incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (compensation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 568.10 Td (While ) Tj ET Q q 0 0 0 rg BT 88.86 568.10 Td (our ) Tj ET Q q 0 0 0 rg BT 104.62 568.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 125.38 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.14 568.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 194.11 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.31 568.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 242.28 568.10 Td (has ) Tj ET Q q 0 0 0 rg BT 258.04 568.10 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 297.66 568.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 318.42 568.10 Td (over ) Tj ET Q q 0 0 0 rg BT 338.62 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.26 568.10 Td (past ) Tj ET Q q 0 0 0 rg BT 371.80 568.10 Td (several ) Tj ET Q q 0 0 0 rg BT 402.55 568.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 428.57 568.10 Td (it ) Tj ET Q q 0 0 0 rg BT 436.56 568.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 477.31 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.52 568.10 Td (be ) Tj ET Q q 0 0 0 rg BT 499.39 568.10 Td (our ) Tj ET Q q 0 0 0 rg BT 515.15 568.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 554.23 568.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 79.88 556.10 Td (this ) Tj ET Q q 0 0 0 rg BT 97.56 556.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 119.12 556.10 Td (over ) Tj ET Q q 0 0 0 rg BT 140.13 556.10 Td (time ) Tj ET Q q 0 0 0 rg BT 161.14 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.15 556.10 Td (a ) Tj ET Q q 0 0 0 rg BT 179.82 556.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 201.38 556.10 Td (not ) Tj ET Q q 0 0 0 rg BT 217.40 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.41 556.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 259.40 556.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 280.96 556.10 Td (when ) Tj ET Q q 0 0 0 rg BT 305.86 556.10 Td (market ) Tj ET Q q 0 0 0 rg BT 336.86 556.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 370.08 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.75 556.10 Td (our ) Tj ET Q q 0 0 0 rg BT 404.32 556.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 439.20 556.10 Td (productivity ) Tj ET Q q 0 0 0 rg BT 491.32 556.10 Td (improve. ) Tj ET Q q 0 0 0 rg BT 530.14 556.10 Td (W) Tj ET Q q 0 0 0 rg BT 538.78 556.10 Td (e ) Tj ET Q q 0 0 0 rg BT 546.45 556.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 83.99 544.10 Td (this ) Tj ET Q q 0 0 0 rg BT 101.89 544.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 130.34 544.10 Td (goal ) Tj ET Q q 0 0 0 rg BT 151.01 544.10 Td (with ) Tj ET Q q 0 0 0 rg BT 172.24 544.10 Td (our ) Tj ET Q q 0 0 0 rg BT 189.02 544.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 229.13 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.91 544.10 Td (retaining ) Tj ET Q q 0 0 0 rg BT 279.91 544.10 Td (our ) Tj ET Q q 0 0 0 rg BT 296.69 544.10 Td (core ) Tj ET Q q 0 0 0 rg BT 317.35 544.10 Td (personnel ) Tj ET Q q 0 0 0 rg BT 359.68 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.57 544.10 Td (compensating ) Tj ET Q q 0 0 0 rg BT 436.57 544.10 Td (them ) Tj ET Q q 0 0 0 rg BT 460.02 544.10 Td (competitively ) Tj ET Q q 0 0 0 rg BT 518.46 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.69 544.10 Td (order ) Tj ET Q q 0 0 0 rg BT 554.24 544.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 87.49 532.10 Td (our ) Tj ET Q q 0 0 0 rg BT 103.32 532.10 Td (strong ) Tj ET Q q 0 0 0 rg BT 130.82 532.10 Td (franchise, ) Tj ET Q q 0 0 0 rg BT 172.47 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 189.40 532.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 234.68 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.96 532.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 276.33 532.10 Td (our ) Tj ET Q q 0 0 0 rg BT 292.16 532.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 327.44 532.10 Td (expertise ) Tj ET Q q 0 0 0 rg BT 366.04 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.97 532.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 429.90 532.10 Td (reach.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 511.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 82.00 511.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.25 511.10 Td (versus ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 110.06 511.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 130.06 511.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.56 511.10 Td (For ) Tj ET Q q 0 0 0 rg BT 150.20 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.67 511.10 Td (year ) Tj ET Q q 0 0 0 rg BT 182.13 511.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 207.26 511.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.60 511.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.60 511.10 Td (, ) Tj ET Q q 0 0 0 rg BT 288.35 511.10 Td (our ) Tj ET Q q 0 0 0 rg BT 302.93 511.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 343.05 511.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 399.85 511.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.54 511.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 448.45 511.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 485.80 511.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 524.25 511.10 Td (relatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 86.31 499.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.51 499.10 Td ($147.2 ) Tj ET Q q 0 0 0 rg BT 126.99 499.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.88 499.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.86 499.10 Td (as ) Tj ET Q q 0 0 0 rg BT 170.18 499.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 212.58 499.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.34 499.10 Td ($147.6 ) Tj ET Q q 0 0 0 rg BT 253.83 499.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.72 499.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.70 499.10 Td (for ) Tj ET Q q 0 0 0 rg BT 300.34 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.54 499.10 Td (same ) Tj ET Q q 0 0 0 rg BT 339.07 499.10 Td (period ) Tj ET Q q 0 0 0 rg BT 367.60 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.36 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.56 499.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 415.98 499.10 Td (year) Tj ET Q q 0 0 0 rg BT 432.64 499.10 Td (. ) Tj ET Q q 0 0 0 rg BT 437.90 499.10 Td (The ) Tj ET Q q 0 0 0 rg BT 456.43 499.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 477.74 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.05 499.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 547.58 499.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 84.38 487.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 123.20 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.71 487.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 171.97 487.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 212.45 487.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.95 487.10 Td (56%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.28 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.00 487.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.51 487.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.51 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.23 487.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.39 487.10 Td (54%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.72 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 320.45 487.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.95 487.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.95 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.68 487.10 Td (as ) Tj ET Q q 0 0 0 rg BT 364.73 487.10 Td (a ) Tj ET Q q 0 0 0 rg BT 371.89 487.10 Td (result ) Tj ET Q q 0 0 0 rg BT 396.84 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.89 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.83 487.10 Td (spreading ) Tj ET Q q 0 0 0 rg BT 464.43 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.49 487.10 Td (a ) Tj ET Q q 0 0 0 rg BT 482.65 487.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 532.02 487.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 475.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 118.87 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.81 475.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 169.97 475.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 204.67 475.10 Td (over ) Tj ET Q q 0 0 0 rg BT 224.94 475.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 250.21 475.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 288.25 475.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.53 475.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.53 475.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 454.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 82.00 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.12 454.10 Td (versus ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 113.79 454.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.79 454.10 Td (.For ) Tj ET Q q 0 0 0 rg BT 155.81 454.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.15 454.10 Td (year ) Tj ET Q q 0 0 0 rg BT 191.48 454.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 218.47 454.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.68 454.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.68 454.10 Td (, ) Tj ET Q q 0 0 0 rg BT 303.30 454.10 Td (our ) Tj ET Q q 0 0 0 rg BT 319.75 454.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 361.75 454.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 420.41 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.97 454.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 472.75 454.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 511.97 454.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.52 454.10 Td ($147.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.12 442.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 122.78 442.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.79 442.10 Td ($155.7 ) Tj ET Q q 0 0 0 rg BT 162.52 442.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.41 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.64 442.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.53 442.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.53 442.10 Td (. ) Tj ET Q q 0 0 0 rg BT 232.27 442.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.05 442.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.05 442.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.28 442.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 330.05 442.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.72 442.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 380.61 442.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 418.94 442.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.59 442.10 Td ($8.1 ) Tj ET Q q 0 0 0 rg BT 480.32 442.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.21 442.10 Td (, ) Tj ET Q q 0 0 0 rg BT 513.94 442.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.50 442.10 Td (5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.83 442.10 Td (, ) Tj ET Q q 0 0 0 rg BT 542.56 442.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 430.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.76 430.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 120.35 430.10 Td (as ) Tj ET Q q 0 0 0 rg BT 130.94 430.10 Td (a ) Tj ET Q q 0 0 0 rg BT 137.64 430.10 Td (result ) Tj ET Q q 0 0 0 rg BT 162.12 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.71 430.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 206.62 430.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 259.42 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.02 430.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 309.48 430.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 332.85 430.10 Td (units ) Tj ET Q q 0 0 0 rg BT 354.57 430.10 Td (due ) Tj ET Q q 0 0 0 rg BT 371.27 430.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.31 430.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 409.12 430.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 453.03 430.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.62 430.10 Td (unvested ) Tj ET Q q 0 0 0 rg BT 501.43 430.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 540.90 430.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 564.50 430.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 84.21 418.10 Td (of) Tj ET Q q 0 0 0 rg BT 92.36 418.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 110.18 418.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.35 418.10 Td (part ) Tj ET Q q 0 0 0 rg BT 140.28 418.10 Td (by ) Tj ET Q q 0 0 0 rg BT 153.66 418.10 Td (a ) Tj ET Q q 0 0 0 rg BT 161.49 418.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 190.42 418.10 Td (year) Tj ET Q q 0 0 0 rg BT 207.43 418.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 228.58 418.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 249.74 418.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 277.02 418.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 309.27 418.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.43 418.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.43 418.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.82 418.10 Td (than ) Tj ET Q q 0 0 0 rg BT 364.42 418.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.58 418.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.58 418.10 Td (. ) Tj ET Q q 0 0 0 rg BT 401.23 418.10 Td (The ) Tj ET Q q 0 0 0 rg BT 420.16 418.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 441.87 418.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.59 418.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 512.51 418.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.34 418.10 Td (benefits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.60 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 98.88 406.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 136.91 406.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.19 406.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.19 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.69 406.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.63 406.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.63 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.13 406.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 248.83 406.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 284.66 406.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.38 406.10 Td (54%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.71 406.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 385.10 Td ( ) Tj ET Q q 0 0 0 rg BT 65.02 385.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 83.59 385.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 142.15 385.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 177.37 385.10 Td (is ) Tj ET Q q 0 0 0 rg BT 187.06 385.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 227.28 385.10 Td (based ) Tj ET Q q 0 0 0 rg BT 253.06 385.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 276.08 385.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 314.64 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.09 385.10 Td (can ) Tj ET Q q 0 0 0 rg BT 348.99 385.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 386.99 385.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 430.54 385.10 Td (in ) Tj ET Q q 0 0 0 rg BT 441.34 385.10 Td (any ) Tj ET Q q 0 0 0 rg BT 458.79 385.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 500.12 385.10 Td (year ) Tj ET Q q 0 0 0 rg BT 520.34 385.10 Td (depending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 71.91 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.04 373.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 120.15 373.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.84 373.10 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 175.34 373.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 207.25 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.49 373.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 254.93 373.10 Td (recognized, ) Tj ET Q q 0 0 0 rg BT 303.20 373.10 Td (as ) Tj ET Q q 0 0 0 rg BT 313.44 373.10 Td (well ) Tj ET Q q 0 0 0 rg BT 332.57 373.10 Td (as ) Tj ET Q q 0 0 0 rg BT 342.81 373.10 Td (other ) Tj ET Q q 0 0 0 rg BT 365.26 373.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 396.46 373.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 445.79 373.10 Td (, ) Tj ET Q q 0 0 0 rg BT 450.20 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.33 373.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 496.23 373.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.47 373.10 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 84.71 361.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 131.07 361.10 Td (in ) Tj ET Q q 0 0 0 rg BT 141.35 361.10 Td (any ) Tj ET Q q 0 0 0 rg BT 158.29 361.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 199.10 361.10 Td (year ) Tj ET Q q 0 0 0 rg BT 218.80 361.10 Td (may ) Tj ET Q q 0 0 0 rg BT 238.52 361.10 Td (not ) Tj ET Q q 0 0 0 rg BT 253.80 361.10 Td (be ) Tj ET Q q 0 0 0 rg BT 265.74 361.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 307.67 361.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.50 361.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 376.54 361.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 411.25 361.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.52 361.10 Td (future ) Tj ET Q q 0 0 0 rg BT 447.90 361.10 Td (years.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 337.10 Td (Non-Compensation ) Tj ET Q q 0 0 0 rg BT 145.07 337.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 316.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 79.55 316.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 155.42 316.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 193.52 316.10 Td (include ) Tj ET Q q 0 0 0 rg BT 224.95 316.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.17 316.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 261.16 316.10 Td (for ) Tj ET Q q 0 0 0 rg BT 274.82 316.10 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 319.58 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.01 316.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 380.22 316.10 Td (rental, ) Tj ET Q q 0 0 0 rg BT 407.48 316.10 Td (communications, ) Tj ET Q q 0 0 0 rg BT 478.08 316.10 Td (information ) Tj ET Q q 0 0 0 rg BT 527.29 316.10 Td (services, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 103.04 304.10 Td (fees, ) Tj ET Q q 0 0 0 rg BT 125.80 304.10 Td (recruiting, ) Tj ET Q q 0 0 0 rg BT 171.34 304.10 Td (travel ) Tj ET Q q 0 0 0 rg BT 198.27 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.87 304.10 Td (entertainment, ) Tj ET Q q 0 0 0 rg BT 278.51 304.10 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 323.49 304.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 377.08 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 395.68 304.10 Td (amortization, ) Tj ET Q q 0 0 0 rg BT 452.88 304.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 486.48 304.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 522.85 304.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.45 304.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.26 292.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 131.36 292.10 Td (Reimbursed ) Tj ET Q q 0 0 0 rg BT 182.19 292.10 Td (client ) Tj ET Q q 0 0 0 rg BT 206.90 292.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 245.50 292.10 Td (are ) Tj ET Q q 0 0 0 rg BT 260.21 292.10 Td (netted ) Tj ET Q q 0 0 0 rg BT 287.14 292.10 Td (against ) Tj ET Q q 0 0 0 rg BT 317.96 292.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 394.34 292.10 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 271.10 Td (During ) Tj ET Q q 0 0 0 rg BT 92.10 271.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 116.38 271.10 Td (our ) Tj ET Q q 0 0 0 rg BT 131.48 271.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 207.13 271.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 245.00 271.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 284.53 271.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.08 271.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 353.61 271.10 Td ($71.0 ) Tj ET Q q 0 0 0 rg BT 377.89 271.10 Td (million ) Tj ET Q q 0 0 0 rg BT 408.55 271.10 Td (from ) Tj ET Q q 0 0 0 rg BT 429.77 271.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 489.30 271.10 Td ($60.0 ) Tj ET Q q 0 0 0 rg BT 513.57 271.10 Td (million ) Tj ET Q q 0 0 0 rg BT 544.24 271.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 66.00 259.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 104.22 259.10 Td (two ) Tj ET Q q 0 0 0 rg BT 123.00 259.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 150.10 259.10 Td (The ) Tj ET Q q 0 0 0 rg BT 169.43 259.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 205.96 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.52 259.10 Td (our ) Tj ET Q q 0 0 0 rg BT 234.63 259.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 312.28 259.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 336.06 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.62 259.10 Td (lar) Tj ET Q q 0 0 0 rg BT 357.99 259.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 371.21 259.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 399.42 259.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 434.86 259.10 Td (from ) Tj ET Q q 0 0 0 rg BT 458.08 259.10 Td (operating, ) Tj ET Q q 0 0 0 rg BT 502.12 259.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 547.56 259.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 96.44 247.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 119.01 247.10 Td (related ) Tj ET Q q 0 0 0 rg BT 148.78 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.13 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.92 247.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 220.37 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.38 247.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 277.71 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.61 247.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 328.95 247.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 360.40 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.41 247.10 Td (to ) Tj ET Q q 0 0 0 rg BT 387.76 247.10 Td (a ) Tj ET Q q 0 0 0 rg BT 394.77 247.10 Td (lesser ) Tj ET Q q 0 0 0 rg BT 420.10 247.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 447.11 247.10 Td (from ) Tj ET Q q 0 0 0 rg BT 469.12 247.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 500.56 247.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 538.11 247.10 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 235.10 Td (other ) Tj ET Q q 0 0 0 rg BT 89.99 235.10 Td (unusual ) Tj ET Q q 0 0 0 rg BT 123.59 235.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 150.26 235.10 Td (which ) Tj ET Q q 0 0 0 rg BT 177.20 235.10 Td (are ) Tj ET Q q 0 0 0 rg BT 191.90 235.10 Td (not ) Tj ET Q q 0 0 0 rg BT 207.18 235.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 245.21 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.49 235.10 Td (recur) Tj ET Q q 0 0 0 rg BT 275.48 235.10 Td (. ) Tj ET Q q 0 0 0 rg BT 280.48 235.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 214.10 Td (As ) Tj ET Q q 0 0 0 rg BT 75.47 214.10 Td (we ) Tj ET Q q 0 0 0 rg BT 89.50 214.10 Td (look ) Tj ET Q q 0 0 0 rg BT 109.63 214.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 143.65 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.78 214.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 178.65 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.44 214.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 235.58 214.10 Td (moderate ) Tj ET Q q 0 0 0 rg BT 275.15 214.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 318.60 214.10 Td (growth, ) Tj ET Q q 0 0 0 rg BT 351.79 214.10 Td (we ) Tj ET Q q 0 0 0 rg BT 365.81 214.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 404.27 214.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 439.95 214.10 Td (our ) Tj ET Q q 0 0 0 rg BT 455.64 214.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 531.87 214.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 554.23 214.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 79.86 202.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 115.29 202.10 Td (with ) Tj ET Q q 0 0 0 rg BT 135.16 202.10 Td (or ) Tj ET Q q 0 0 0 rg BT 145.59 202.10 Td (slightly ) Tj ET Q q 0 0 0 rg BT 177.70 202.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 202.56 202.10 Td (than ) Tj ET Q q 0 0 0 rg BT 221.88 202.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 243.98 202.10 Td (on ) Tj ET Q q 0 0 0 rg BT 256.08 202.10 Td (an ) Tj ET Q q 0 0 0 rg BT 267.61 202.10 Td (absolute ) Tj ET Q q 0 0 0 rg BT 303.04 202.10 Td (dollar ) Tj ET Q q 0 0 0 rg BT 328.46 202.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 353.06 202.10 Td (as ) Tj ET Q q 0 0 0 rg BT 363.49 202.10 Td (we ) Tj ET Q q 0 0 0 rg BT 377.25 202.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 405.44 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.75 202.10 Td (elimination ) Tj ET Q q 0 0 0 rg BT 467.40 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.83 202.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 507.13 202.10 Td (unusual ) Tj ET Q q 0 0 0 rg BT 540.34 202.10 Td (items ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 190.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 93.44 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 103.22 190.10 Td (be ) Tj ET Q q 0 0 0 rg BT 114.65 190.10 Td (partly ) Tj ET Q q 0 0 0 rg BT 139.98 190.10 Td (of) Tj ET Q q 0 0 0 rg BT 148.13 190.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 164.57 190.10 Td (by ) Tj ET Q q 0 0 0 rg BT 176.56 190.10 Td (an ) Tj ET Q q 0 0 0 rg BT 188.00 190.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 233.87 190.10 Td (char) Tj ET Q q 0 0 0 rg BT 250.90 190.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 262.33 190.10 Td (over ) Tj ET Q q 0 0 0 rg BT 282.10 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.32 190.10 Td (next ) Tj ET Q q 0 0 0 rg BT 315.53 190.10 Td (several ) Tj ET Q q 0 0 0 rg BT 345.85 190.10 Td (quarters ) Tj ET Q q 0 0 0 rg BT 380.06 190.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 412.60 190.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.38 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.59 190.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 467.48 190.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 513.36 190.10 Td (as ) Tj ET Q q 0 0 0 rg BT 523.69 190.10 Td (described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (below) Tj ET Q q 0 0 0 rg BT 73.79 178.10 Td (. ) Tj ET Q q 0 0 0 rg BT 78.28 178.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.83 178.10 Td (As ) Tj ET Q q 0 0 0 rg BT 92.93 178.10 Td (part ) Tj ET Q q 0 0 0 rg BT 110.47 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.78 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.99 178.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 190.85 178.10 Td (for ) Tj ET Q q 0 0 0 rg BT 204.50 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.71 178.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 264.58 178.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.89 178.10 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 308.27 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 318.04 178.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 352.80 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.57 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.77 178.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 396.53 178.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.96 178.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 439.94 178.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 479.13 178.10 Td (at ) Tj ET Q q 0 0 0 rg BT 488.33 178.10 Td (closing, ) Tj ET Q q 0 0 0 rg BT 521.71 178.10 Td (we ) Tj ET Q q 0 0 0 rg BT 535.36 178.10 Td (agreed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.01 166.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 78.69 166.10 Td (an ) Tj ET Q q 0 0 0 rg BT 91.36 166.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 124.58 166.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.59 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.04 166.10 Td (future ) Tj ET Q q 0 0 0 rg BT 178.16 166.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 221.95 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.51 166.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 254.52 166.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.19 166.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 300.42 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.98 166.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 352.98 166.10 Td (common ) Tj ET Q q 0 0 0 rg BT 391.21 166.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 415.55 166.10 Td (if ) Tj ET Q q 0 0 0 rg BT 424.90 166.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 455.33 166.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 485.21 166.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 520.09 166.10 Td (tar) Tj ET Q q 0 0 0 rg BT 530.46 166.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 549.80 166.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 90.44 154.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.84 154.10 Td (For ) Tj ET Q q 0 0 0 rg BT 109.14 154.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 147.10 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.84 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.46 154.10 Td (earnout, ) Tj ET Q q 0 0 0 rg BT 207.35 154.10 Td (we ) Tj ET Q q 0 0 0 rg BT 221.42 154.10 Td (valued, ) Tj ET Q q 0 0 0 rg BT 252.98 154.10 Td (at ) Tj ET Q q 0 0 0 rg BT 262.60 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.23 154.10 Td (date ) Tj ET Q q 0 0 0 rg BT 296.29 154.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.02 154.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 355.81 154.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.43 154.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 415.05 154.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 435.23 154.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 491.51 154.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 521.68 154.10 Td (had ) Tj ET Q q 0 0 0 rg BT 538.53 154.10 Td (a ) Tj ET Q q 0 0 0 rg BT 545.37 154.10 Td (face ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.86 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.39 142.10 Td ($18.9 ) Tj ET Q q 0 0 0 rg BT 109.09 142.10 Td (million\) ) Tj ET Q q 0 0 0 rg BT 143.52 142.10 Td (at ) Tj ET Q q 0 0 0 rg BT 152.93 142.10 Td ($13.1 ) Tj ET Q q 0 0 0 rg BT 177.64 142.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 210.74 142.10 Td (At ) Tj ET Q q 0 0 0 rg BT 222.95 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.37 142.10 Td (end ) Tj ET Q q 0 0 0 rg BT 254.01 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.54 142.10 Td (each ) Tj ET Q q 0 0 0 rg BT 285.06 142.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 323.91 142.10 Td (period ) Tj ET Q q 0 0 0 rg BT 351.66 142.10 Td (we ) Tj ET Q q 0 0 0 rg BT 365.52 142.10 Td (will ) Tj ET Q q 0 0 0 rg BT 383.28 142.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 418.80 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.22 142.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 475.97 142.10 Td (that ) Tj ET Q q 0 0 0 rg BT 493.17 142.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 533.13 142.10 Td (Cogent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.31 130.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 101.59 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.56 130.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 149.29 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 166.48 130.10 Td (if ) Tj ET Q q 0 0 0 rg BT 175.34 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.31 130.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 233.61 130.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 273.01 130.10 Td (during ) Tj ET Q q 0 0 0 rg BT 301.87 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.83 130.10 Td (period ) Tj ET Q q 0 0 0 rg BT 345.13 130.10 Td (we ) Tj ET Q q 0 0 0 rg BT 359.54 130.10 Td (will ) Tj ET Q q 0 0 0 rg BT 377.85 130.10 Td (record ) Tj ET Q q 0 0 0 rg BT 406.14 130.10 Td (as ) Tj ET Q q 0 0 0 rg BT 417.22 130.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 452.17 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.14 130.10 Td (change ) Tj ET Q q 0 0 0 rg BT 498.21 130.10 Td (in ) Tj ET Q q 0 0 0 rg BT 508.74 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.70 130.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.03 118.10 Td (value ) Tj ET Q q 0 0 0 rg BT 89.85 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.33 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.71 118.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 159.08 118.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 179.00 118.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 235.03 118.10 Td (until ) Tj ET Q q 0 0 0 rg BT 255.52 118.10 Td (it ) Tj ET Q q 0 0 0 rg BT 263.24 118.10 Td (reaches ) Tj ET Q q 0 0 0 rg BT 295.37 118.10 Td (its ) Tj ET Q q 0 0 0 rg BT 306.98 118.10 Td (face ) Tj ET Q q 0 0 0 rg BT 325.78 118.10 Td (value ) Tj ET Q q 0 0 0 rg BT 349.59 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.08 118.10 Td ($18.9 ) Tj ET Q q 0 0 0 rg BT 384.74 118.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 418.29 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.97 118.10 Td (And ) Tj ET Q q 0 0 0 rg BT 439.35 118.10 Td (contrarily) Tj ET Q q 0 0 0 rg BT 477.57 118.10 Td (, ) Tj ET Q q 0 0 0 rg BT 482.23 118.10 Td (if ) Tj ET Q q 0 0 0 rg BT 490.49 118.10 Td (during ) Tj ET Q q 0 0 0 rg BT 518.76 118.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.35 118.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.10 Td (period ) Tj ET Q q 0 0 0 rg BT 77.05 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.76 106.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 132.81 106.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.31 106.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 188.57 106.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 218.96 106.10 Td (will ) Tj ET Q q 0 0 0 rg BT 236.01 106.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 268.04 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.76 106.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 313.24 106.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 353.05 106.10 Td (we ) Tj ET Q q 0 0 0 rg BT 366.21 106.10 Td (will ) Tj ET Q q 0 0 0 rg BT 383.26 106.10 Td (record ) Tj ET Q q 0 0 0 rg BT 410.30 106.10 Td (as ) Tj ET Q q 0 0 0 rg BT 420.13 106.10 Td (income ) Tj ET Q q 0 0 0 rg BT 451.06 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.78 106.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 500.69 106.10 Td (in ) Tj ET Q q 0 0 0 rg BT 509.97 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.68 106.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.38 94.10 Td (value ) Tj ET Q q 0 0 0 rg BT 90.53 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.36 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.08 94.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 160.79 94.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 217.16 94.10 Td (until ) Tj ET Q q 0 0 0 rg BT 238.00 94.10 Td (it ) Tj ET Q q 0 0 0 rg BT 246.05 94.10 Td (reaches ) Tj ET Q q 0 0 0 rg BT 278.53 94.10 Td (zero.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 73.10 Td ( ) Tj ET Q q 0 0 0 rg BT 63.34 73.10 Td (Assuming ) Tj ET Q q 0 0 0 rg BT 105.62 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.56 73.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 161.83 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.88 73.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 224.13 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.18 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.12 73.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 279.82 73.10 Td (continues ) Tj ET Q q 0 0 0 rg BT 319.87 73.10 Td (to ) Tj ET Q q 0 0 0 rg BT 329.37 73.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 363.84 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.34 73.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 397.56 73.10 Td (we ) Tj ET Q q 0 0 0 rg BT 410.94 73.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 438.75 73.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 491.02 73.10 Td (all ) Tj ET Q q 0 0 0 rg BT 502.74 73.10 Td (char) Tj ET Q q 0 0 0 rg BT 519.77 73.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 534.82 73.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.20 61.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.83 61.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 107.24 61.10 Td (will ) Tj ET Q q 0 0 0 rg BT 125.21 61.10 Td (be ) Tj ET Q q 0 0 0 rg BT 137.07 61.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 172.80 61.10 Td (in ) Tj ET Q q 0 0 0 rg BT 183.00 61.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 207.92 61.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.77 61.10 Td (over ) Tj ET Q q 0 0 0 rg BT 244.96 61.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.60 61.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 287.56 61.10 Td (term ) Tj ET Q q 0 0 0 rg BT 308.31 61.10 Td (any ) Tj ET Q q 0 0 0 rg BT 325.16 61.10 Td (further ) Tj ET Q q 0 0 0 rg BT 354.79 61.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 393.85 61.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.05 61.10 Td (our ) Tj ET Q q 0 0 0 rg BT 419.80 61.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 496.09 61.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 534.60 61.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.58 61.10 Td (be ) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 93.39 742.10 Td (mostly ) Tj ET Q q 0 0 0 rg BT 122.90 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 135.19 742.10 Td (our ) Tj ET Q q 0 0 0 rg BT 150.82 742.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 197.53 742.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 240.37 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.44 742.10 Td (new ) Tj ET Q q 0 0 0 rg BT 269.39 742.10 Td (locations, ) Tj ET Q q 0 0 0 rg BT 310.29 742.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 346.45 742.10 Td (business ) Tj ET Q q 0 0 0 rg BT 382.63 742.10 Td (expansion, ) Tj ET Q q 0 0 0 rg BT 427.97 742.10 Td (general ) Tj ET Q q 0 0 0 rg BT 459.69 742.10 Td (inflation ) Tj ET Q q 0 0 0 rg BT 495.86 742.10 Td (related ) Tj ET Q q 0 0 0 rg BT 525.35 742.10 Td (increases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 730.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 78.33 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.26 730.10 Td (other ) Tj ET Q q 0 0 0 rg BT 118.31 730.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 140.81 730.10 Td (we ) Tj ET Q q 0 0 0 rg BT 154.97 730.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 178.02 730.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 197.46 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.73 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 214.67 730.10 Td (much ) Tj ET Q q 0 0 0 rg BT 239.39 730.10 Td (lesser ) Tj ET Q q 0 0 0 rg BT 264.66 730.10 Td (extent, ) Tj ET Q q 0 0 0 rg BT 294.09 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 306.59 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 318.53 730.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 353.78 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 364.06 730.10 Td (headcount ) Tj ET Q q 0 0 0 rg BT 407.66 730.10 Td (within ) Tj ET Q q 0 0 0 rg BT 435.71 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 451.54 730.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 485.71 730.10 Td (locations. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 709.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 82.00 709.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.69 709.10 Td (versus ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.94 709.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 132.94 709.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.44 709.10 Td (For ) Tj ET Q q 0 0 0 rg BT 154.52 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.43 709.10 Td (year ) Tj ET Q q 0 0 0 rg BT 189.33 709.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 215.90 709.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.68 709.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.68 709.10 Td (, ) Tj ET Q q 0 0 0 rg BT 299.87 709.10 Td (our ) Tj ET Q q 0 0 0 rg BT 315.89 709.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 392.46 709.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 431.25 709.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.27 709.10 Td ($71.1 ) Tj ET Q q 0 0 0 rg BT 467.47 709.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.36 709.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.05 709.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 709.10 Td ($10.9 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 697.10 Td (, ) Tj ET Q q 0 0 0 rg BT 83.91 697.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.76 697.10 Td (18%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.09 697.10 Td (, ) Tj ET Q q 0 0 0 rg BT 118.11 697.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.07 697.10 Td ($60.2 ) Tj ET Q q 0 0 0 rg BT 165.10 697.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.99 697.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.51 697.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.81 697.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.81 697.10 Td (. ) Tj ET Q q 0 0 0 rg BT 231.65 697.10 Td (The ) Tj ET Q q 0 0 0 rg BT 249.71 697.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 284.99 697.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.29 697.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 371.68 697.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 410.30 697.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 456.14 697.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 490.32 697.10 Td (from ) Tj ET Q q 0 0 0 rg BT 512.28 697.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 534.80 697.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.11 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.65 685.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 120.86 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.63 685.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 177.72 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.38 685.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 228.47 685.10 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 262.18 685.10 Td (which ) Tj ET Q q 0 0 0 rg BT 288.95 685.10 Td (we ) Tj ET Q q 0 0 0 rg BT 302.94 685.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 339.69 685.10 Td (on ) Tj ET Q q 0 0 0 rg BT 351.51 685.10 Td (April ) Tj ET Q q 0 0 0 rg BT 374.94 685.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 384.77 685.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 409.60 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.36 685.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 457.57 685.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 494.87 685.10 Td (losses, ) Tj ET Q q 0 0 0 rg BT 523.59 685.10 Td (which ) Tj ET Q q 0 0 0 rg BT 550.36 685.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (do ) Tj ET Q q 0 0 0 rg BT 61.59 673.10 Td (not ) Tj ET Q q 0 0 0 rg BT 75.96 673.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 103.64 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.00 673.10 Td (recur) Tj ET Q q 0 0 0 rg BT 133.14 673.10 Td (, ) Tj ET Q q 0 0 0 rg BT 137.23 673.10 Td (related ) Tj ET Q q 0 0 0 rg BT 166.02 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.39 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.19 673.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 221.89 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.81 673.10 Td (our ) Tj ET Q q 0 0 0 rg BT 246.73 673.10 Td (Brazilian ) Tj ET Q q 0 0 0 rg BT 284.96 673.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 322.83 673.10 Td (W) Tj ET Q q 0 0 0 rg BT 331.87 673.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 344.01 673.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 373.92 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.28 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.09 673.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 427.56 673.10 Td (related ) Tj ET Q q 0 0 0 rg BT 456.35 673.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 480.44 673.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 525.90 673.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.16 661.10 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 121.10 661.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.83 661.10 Td (nature, ) Tj ET Q q 0 0 0 rg BT 160.27 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.67 661.10 Td (we ) Tj ET Q q 0 0 0 rg BT 190.29 661.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 218.34 661.10 Td (that ) Tj ET Q q 0 0 0 rg BT 235.29 661.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 264.45 661.10 Td (other ) Tj ET Q q 0 0 0 rg BT 286.95 661.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 308.91 661.10 Td (related ) Tj ET Q q 0 0 0 rg BT 338.07 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.80 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.98 661.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 392.82 661.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 438.66 661.10 Td (will ) Tj ET Q q 0 0 0 rg BT 456.17 661.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 487.00 661.10 Td (over ) Tj ET Q q 0 0 0 rg BT 506.73 661.10 Td (future ) Tj ET Q q 0 0 0 rg BT 532.56 661.10 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.01 649.10 Td (we ) Tj ET Q q 0 0 0 rg BT 73.36 649.10 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 120.59 649.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 149.47 649.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 195.31 649.10 Td (amortize ) Tj ET Q q 0 0 0 rg BT 231.98 649.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 273.65 649.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 298.67 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.79 649.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 338.68 649.10 Td (our ) Tj ET Q q 0 0 0 rg BT 353.70 649.10 Td (borrowings, ) Tj ET Q q 0 0 0 rg BT 403.43 649.10 Td (of) Tj ET Q q 0 0 0 rg BT 411.58 649.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 427.71 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.17 649.10 Td (part ) Tj ET Q q 0 0 0 rg BT 454.40 649.10 Td (by ) Tj ET Q q 0 0 0 rg BT 466.08 649.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 502.76 649.10 Td (char) Tj ET Q q 0 0 0 rg BT 519.79 649.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 534.80 649.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.28 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.00 637.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 131.04 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.87 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.58 637.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 204.30 637.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 236.68 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.52 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.23 637.10 Td (Earnout ) Tj ET Q q 0 0 0 rg BT 299.39 637.10 Td (obligation. ) Tj ET Q q 0 0 0 rg BT 345.94 637.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.44 637.10 Td (Interest ) Tj ET Q q 0 0 0 rg BT 382.93 637.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 421.14 637.10 Td (included ) Tj ET Q q 0 0 0 rg BT 459.07 637.10 Td (within ) Tj ET Q q 0 0 0 rg BT 488.13 637.10 Td (non-compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 91.34 625.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.62 625.10 Td ($2.5 ) Tj ET Q q 0 0 0 rg BT 129.86 625.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.75 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 161.49 625.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.89 625.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.89 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.62 625.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.80 625.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 236.04 625.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.93 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.66 625.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.06 625.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.06 625.10 Td (. ) Tj ET Q q 0 0 0 rg BT 307.10 625.10 Td (The ) Tj ET Q q 0 0 0 rg BT 325.38 625.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 360.87 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.39 625.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 403.56 625.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 438.50 625.10 Td (lar) Tj ET Q q 0 0 0 rg BT 448.87 625.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 468.82 625.10 Td (related ) Tj ET Q q 0 0 0 rg BT 498.76 625.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.28 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.23 625.10 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.55 613.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 106.93 613.10 Td (acquisition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 592.10 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 140.44 592.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 178.88 592.10 Td (as ) Tj ET Q q 0 0 0 rg BT 189.55 592.10 Td (a ) Tj ET Q q 0 0 0 rg BT 196.34 592.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 241.98 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.65 592.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 290.54 592.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.54 592.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.54 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 326.88 592.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.66 592.10 Td (27%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.99 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.33 592.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 411.10 592.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.22 592.10 Td (22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.55 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 441.89 592.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.90 592.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.90 592.10 Td (. ) Tj ET Q q 0 0 0 rg BT 480.57 592.10 Td (The ) Tj ET Q q 0 0 0 rg BT 498.46 592.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 533.56 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 543.68 592.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.29 580.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 147.13 580.10 Td (as ) Tj ET Q q 0 0 0 rg BT 158.21 580.10 Td (a ) Tj ET Q q 0 0 0 rg BT 165.40 580.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 211.44 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.52 580.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 260.80 580.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 295.21 580.10 Td (from ) Tj ET Q q 0 0 0 rg BT 317.39 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.35 580.10 Td (spreading ) Tj ET Q q 0 0 0 rg BT 373.98 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.05 580.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 413.35 580.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 436.09 580.10 Td (over ) Tj ET Q q 0 0 0 rg BT 456.61 580.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 482.12 580.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 520.41 580.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.93 580.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.93 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 553.68 580.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 91.92 568.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.20 568.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.20 568.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 547.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 82.00 547.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.82 547.10 Td (versus ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 113.20 547.10 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 133.20 547.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.70 547.10 Td (For ) Tj ET Q q 0 0 0 rg BT 154.91 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.96 547.10 Td (year ) Tj ET Q q 0 0 0 rg BT 189.99 547.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 216.69 547.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.59 547.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.59 547.10 Td (, ) Tj ET Q q 0 0 0 rg BT 300.92 547.10 Td (our ) Tj ET Q q 0 0 0 rg BT 317.07 547.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 393.77 547.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 432.69 547.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.94 547.10 Td ($60.2 ) Tj ET Q q 0 0 0 rg BT 480.27 547.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.16 547.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.98 547.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.23 547.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td ($60.3 ) Tj ET Q q 0 0 0 rg BT 74.60 535.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.49 535.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.60 535.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.48 535.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.48 535.10 Td (, ) Tj ET Q q 0 0 0 rg BT 140.08 535.10 Td (a ) Tj ET Q q 0 0 0 rg BT 146.62 535.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 183.13 535.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.57 535.10 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 213.17 535.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.06 535.10 Td (. ) Tj ET Q q 0 0 0 rg BT 246.51 535.10 Td (The ) Tj ET Q q 0 0 0 rg BT 264.16 535.10 Td (slight ) Tj ET Q q 0 0 0 rg BT 288.49 535.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 325.00 535.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.88 535.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 410.86 535.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 449.06 535.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 494.48 535.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 528.24 535.10 Td (from ) Tj ET Q q 0 0 0 rg BT 549.78 535.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 80.12 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.81 523.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 115.93 523.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 168.82 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.51 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.56 523.10 Td (Australian ) Tj ET Q q 0 0 0 rg BT 237.57 523.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 279.92 523.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 308.11 523.10 Td (which ) Tj ET Q q 0 0 0 rg BT 334.90 523.10 Td (were ) Tj ET Q q 0 0 0 rg BT 356.68 523.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 377.93 523.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 420.26 523.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.40 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.97 523.10 Td (first ) Tj ET Q q 0 0 0 rg BT 463.44 523.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 494.11 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.79 523.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 529.65 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 546.44 523.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.10 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 511.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 79.69 511.10 Td (of) Tj ET Q q 0 0 0 rg BT 87.84 511.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 104.39 511.10 Td (by ) Tj ET Q q 0 0 0 rg BT 116.50 511.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 144.16 511.10 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 189.02 511.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 211.13 511.10 Td (related ) Tj ET Q q 0 0 0 rg BT 240.44 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.33 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.65 511.10 Td (absence ) Tj ET Q q 0 0 0 rg BT 298.41 511.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.85 511.10 Td (sublease ) Tj ET Q q 0 0 0 rg BT 344.83 511.10 Td (space ) Tj ET Q q 0 0 0 rg BT 369.15 511.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 394.02 511.10 Td (income ) Tj ET Q q 0 0 0 rg BT 425.57 511.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.11 511.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 484.21 511.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 506.32 511.10 Td (for ) Tj ET Q q 0 0 0 rg BT 520.09 511.10 Td (new ) Tj ET Q q 0 0 0 rg BT 538.86 511.10 Td (of) Tj ET Q q 0 0 0 rg BT 547.01 511.10 Td (fice ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (space ) Tj ET Q q 0 0 0 rg BT 74.71 499.10 Td (in ) Tj ET Q q 0 0 0 rg BT 84.99 499.10 Td (Brazil.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 478.10 Td (Non-compensation ) Tj ET Q q 0 0 0 rg BT 140.78 478.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 179.57 478.10 Td (as ) Tj ET Q q 0 0 0 rg BT 190.59 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.72 478.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 243.71 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.73 478.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 292.96 478.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.31 478.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.31 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.00 478.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.12 478.10 Td (22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.45 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.14 478.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 415.26 478.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.73 478.10 Td (21%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.06 478.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.75 478.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.10 478.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.10 478.10 Td (. ) Tj ET Q q 0 0 0 rg BT 486.09 478.10 Td (The ) Tj ET Q q 0 0 0 rg BT 504.33 478.10 Td (slight ) Tj ET Q q 0 0 0 rg BT 529.25 478.10 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.10 Td (in ) Tj ET Q q 0 0 0 rg BT 61.24 466.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 138.57 466.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 178.13 466.10 Td (as ) Tj ET Q q 0 0 0 rg BT 189.93 466.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.83 466.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 244.59 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.38 466.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 295.38 466.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 330.50 466.10 Td (from ) Tj ET Q q 0 0 0 rg BT 353.40 466.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.08 466.10 Td (spreading ) Tj ET Q q 0 0 0 rg BT 411.42 466.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.21 466.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 473.31 466.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 496.77 466.10 Td (over ) Tj ET Q q 0 0 0 rg BT 518.00 466.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 544.23 466.10 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 88.04 454.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.32 454.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.32 454.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.82 454.10 Td (as ) Tj ET Q q 0 0 0 rg BT 131.65 454.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 173.57 454.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.85 454.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.85 454.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 433.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 80.22 433.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 156.77 433.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 195.54 433.10 Td (as ) Tj ET Q q 0 0 0 rg BT 206.54 433.10 Td (a ) Tj ET Q q 0 0 0 rg BT 213.65 433.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 259.62 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.62 433.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 308.83 433.10 Td (can ) Tj ET Q q 0 0 0 rg BT 325.37 433.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 345.81 433.10 Td (as ) Tj ET Q q 0 0 0 rg BT 356.81 433.10 Td (a ) Tj ET Q q 0 0 0 rg BT 363.92 433.10 Td (result ) Tj ET Q q 0 0 0 rg BT 388.81 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.81 433.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.92 433.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 437.36 433.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.36 433.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 478.24 433.10 Td (including ) Tj ET Q q 0 0 0 rg BT 518.68 433.10 Td (fluctuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.97 421.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 90.81 421.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 125.64 421.10 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 165.22 421.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 200.61 421.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.58 421.10 Td (headcount, ) Tj ET Q q 0 0 0 rg BT 258.36 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.76 421.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 306.94 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.46 421.10 Td (recruiting ) Tj ET Q q 0 0 0 rg BT 360.52 421.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.15 421.10 Td (business ) Tj ET Q q 0 0 0 rg BT 415.23 421.10 Td (development ) Tj ET Q q 0 0 0 rg BT 470.06 421.10 Td (activity) Tj ET Q q 0 0 0 rg BT 499.41 421.10 Td (, ) Tj ET Q q 0 0 0 rg BT 505.09 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.50 421.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 553.68 421.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 409.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 74.61 409.10 Td (space ) Tj ET Q q 0 0 0 rg BT 98.28 409.10 Td (expansion, ) Tj ET Q q 0 0 0 rg BT 142.80 409.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.49 409.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 187.96 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.76 409.10 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 259.21 409.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.01 409.10 Td (engagement-related ) Tj ET Q q 0 0 0 rg BT 349.32 409.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 386.89 409.10 Td (by ) Tj ET Q q 0 0 0 rg BT 398.37 409.10 Td (clients, ) Tj ET Q q 0 0 0 rg BT 428.44 409.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 449.91 409.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 492.48 409.10 Td (with ) Tj ET Q q 0 0 0 rg BT 511.73 409.10 Td (acquisitions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.57 397.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 94.93 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.61 397.10 Td (our ) Tj ET Q q 0 0 0 rg BT 119.30 397.10 Td (borrowings, ) Tj ET Q q 0 0 0 rg BT 168.71 397.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 199.50 397.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 215.84 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.64 397.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 267.97 397.10 Td (movements ) Tj ET Q q 0 0 0 rg BT 315.43 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.23 397.10 Td (other ) Tj ET Q q 0 0 0 rg BT 353.13 397.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 383.90 397.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 433.24 397.10 Td (, ) Tj ET Q q 0 0 0 rg BT 437.09 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.67 397.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 525.90 397.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.10 Td (as ) Tj ET Q q 0 0 0 rg BT 61.36 385.10 Td (a ) Tj ET Q q 0 0 0 rg BT 68.82 385.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 115.15 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.51 385.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 165.07 385.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.88 385.10 Td (any ) Tj ET Q q 0 0 0 rg BT 193.34 385.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 234.68 385.10 Td (year ) Tj ET Q q 0 0 0 rg BT 254.92 385.10 Td (may ) Tj ET Q q 0 0 0 rg BT 275.16 385.10 Td (not ) Tj ET Q q 0 0 0 rg BT 290.97 385.10 Td (be ) Tj ET Q q 0 0 0 rg BT 303.43 385.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 345.89 385.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.25 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.49 385.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 449.39 385.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 488.52 385.10 Td (as ) Tj ET Q q 0 0 0 rg BT 499.87 385.10 Td (a ) Tj ET Q q 0 0 0 rg BT 507.34 385.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 553.67 385.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 88.04 373.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.32 373.10 Td (future ) Tj ET Q q 0 0 0 rg BT 124.69 373.10 Td (years.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 349.10 Td (ovision for) Tj ET Q q 0 0 0 rg BT 105.46 349.10 Td ( Income ) Tj ET Q q 0 0 0 rg BT 141.94 349.10 Td (T) Tj ET Q q 0 0 0 rg BT 147.70 349.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 328.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 328.10 Td (e ) Tj ET Q q 0 0 0 rg BT 78.89 328.10 Td (are ) Tj ET Q q 0 0 0 rg BT 94.91 328.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 127.05 328.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.64 328.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 172.70 328.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 205.39 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.64 328.10 Td (state ) Tj ET Q q 0 0 0 rg BT 245.78 328.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.03 328.10 Td (local ) Tj ET Q q 0 0 0 rg BT 287.28 328.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 328.84 328.10 Td (income ) Tj ET Q q 0 0 0 rg BT 362.09 328.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 386.45 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.04 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.07 328.10 Td (United ) Tj ET Q q 0 0 0 rg BT 445.10 328.10 Td (States. ) Tj ET Q q 0 0 0 rg BT 475.30 328.10 Td (In ) Tj ET Q q 0 0 0 rg BT 487.44 328.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 526.53 328.10 Td (our ) Tj ET Q q 0 0 0 rg BT 543.67 328.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.10 Td (U.S.subsidiaries ) Tj ET Q q 0 0 0 rg BT 120.00 316.10 Td (are ) Tj ET Q q 0 0 0 rg BT 134.71 316.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 165.53 316.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.81 316.10 Td (income ) Tj ET Q q 0 0 0 rg BT 207.74 316.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 230.79 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 241.07 316.10 Td (their ) Tj ET Q q 0 0 0 rg BT 261.89 316.10 Td (local ) Tj ET Q q 0 0 0 rg BT 283.83 316.10 Td (jurisdictions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 295.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 82.00 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.58 295.10 Td (versus ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 110.71 295.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 130.71 295.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.21 295.10 Td (For ) Tj ET Q q 0 0 0 rg BT 151.17 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.97 295.10 Td (year ) Tj ET Q q 0 0 0 rg BT 183.75 295.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 209.21 295.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.87 295.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.87 295.10 Td (, ) Tj ET Q q 0 0 0 rg BT 290.95 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.74 295.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 344.09 295.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.33 295.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 379.46 295.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.58 295.10 Td ($17.7 ) Tj ET Q q 0 0 0 rg BT 420.66 295.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.55 295.10 Td (, ) Tj ET Q q 0 0 0 rg BT 453.63 295.10 Td (which ) Tj ET Q q 0 0 0 rg BT 479.65 295.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 516.19 295.10 Td (an ) Tj ET Q q 0 0 0 rg BT 527.21 295.10 Td (ef) Tj ET Q q 0 0 0 rg BT 534.80 295.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.66 283.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 82.09 283.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.86 283.10 Td (41%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.19 283.10 Td (. ) Tj ET Q q 0 0 0 rg BT 116.13 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.40 283.10 Td (This ) Tj ET Q q 0 0 0 rg BT 138.62 283.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 180.49 283.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.71 283.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.59 283.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 237.81 283.10 Td (for ) Tj ET Q q 0 0 0 rg BT 251.91 283.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 274.90 283.10 Td (for ) Tj ET Q q 0 0 0 rg BT 289.01 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.67 283.10 Td (year ) Tj ET Q q 0 0 0 rg BT 323.32 283.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.64 283.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 408.16 283.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.16 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.61 283.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.38 283.10 Td ($24.1 ) Tj ET Q q 0 0 0 rg BT 466.32 283.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.21 283.10 Td (, ) Tj ET Q q 0 0 0 rg BT 500.16 283.10 Td (which ) Tj ET Q q 0 0 0 rg BT 527.04 283.10 Td (reflected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.52 271.10 Td (ef) Tj ET Q q 0 0 0 rg BT 69.11 271.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 98.39 271.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 112.68 271.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 129.75 271.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.16 271.10 Td (36%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.49 271.10 Td (. ) Tj ET Q q 0 0 0 rg BT 163.07 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 164.99 271.10 Td (The ) Tj ET Q q 0 0 0 rg BT 182.62 271.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 219.11 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.97 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.27 271.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 283.12 271.10 Td (for ) Tj ET Q q 0 0 0 rg BT 296.86 271.10 Td (income ) Tj ET Q q 0 0 0 rg BT 328.38 271.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 351.00 271.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.41 271.10 Td ($6.4 ) Tj ET Q q 0 0 0 rg BT 380.99 271.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.88 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.96 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.82 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.11 271.10 Td (year ) Tj ET Q q 0 0 0 rg BT 455.40 271.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.36 271.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 539.52 271.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.52 271.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (as ) Tj ET Q q 0 0 0 rg BT 61.10 259.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 103.29 259.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.83 259.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.83 259.10 Td (, ) Tj ET Q q 0 0 0 rg BT 139.10 259.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 173.52 259.10 Td (from ) Tj ET Q q 0 0 0 rg BT 195.72 259.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.93 259.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 240.11 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.65 259.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 281.73 259.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 316.43 259.10 Td (of) Tj ET Q q 0 0 0 rg BT 324.58 259.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 341.79 259.10 Td (by ) Tj ET Q q 0 0 0 rg BT 354.55 259.10 Td (an ) Tj ET Q q 0 0 0 rg BT 366.76 259.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 402.28 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.82 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.81 259.10 Td (ef) Tj ET Q q 0 0 0 rg BT 435.39 259.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 465.36 259.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 480.34 259.10 Td (rate. ) Tj ET Q q 0 0 0 rg BT 500.40 259.10 Td (The ) Tj ET Q q 0 0 0 rg BT 518.71 259.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 554.23 259.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.36 247.10 Td (ef) Tj ET Q q 0 0 0 rg BT 71.94 247.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 101.28 247.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 115.64 247.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 132.76 247.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 178.22 247.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 212.02 247.10 Td (from ) Tj ET Q q 0 0 0 rg BT 233.59 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.95 247.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 292.29 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.76 247.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 332.65 247.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 352.57 247.10 Td (source ) Tj ET Q q 0 0 0 rg BT 380.81 247.10 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 419.33 247.10 Td (which ) Tj ET Q q 0 0 0 rg BT 445.90 247.10 Td (are ) Tj ET Q q 0 0 0 rg BT 460.25 247.10 Td (taxed ) Tj ET Q q 0 0 0 rg BT 484.04 247.10 Td (at ) Tj ET Q q 0 0 0 rg BT 493.40 247.10 Td (a ) Tj ET Q q 0 0 0 rg BT 499.98 247.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 527.66 247.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 544.79 247.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 81.38 235.10 Td (source ) Tj ET Q q 0 0 0 rg BT 109.98 235.10 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 148.85 235.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.79 235.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 195.49 235.10 Td (non-deductible ) Tj ET Q q 0 0 0 rg BT 257.97 235.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 289.35 235.10 Td (losses.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 214.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 82.00 214.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.58 214.10 Td (versus ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 110.71 214.10 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 130.71 214.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.71 214.10 Td (For ) Tj ET Q q 0 0 0 rg BT 151.17 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.97 214.10 Td (year ) Tj ET Q q 0 0 0 rg BT 183.75 214.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 209.21 214.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.87 214.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.87 214.10 Td (, ) Tj ET Q q 0 0 0 rg BT 290.95 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.74 214.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 344.09 214.10 Td (for ) Tj ET Q q 0 0 0 rg BT 357.33 214.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 379.46 214.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.58 214.10 Td ($24.1 ) Tj ET Q q 0 0 0 rg BT 420.66 214.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.55 214.10 Td (, ) Tj ET Q q 0 0 0 rg BT 453.63 214.10 Td (which ) Tj ET Q q 0 0 0 rg BT 479.65 214.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 516.19 214.10 Td (an ) Tj ET Q q 0 0 0 rg BT 527.21 214.10 Td (ef) Tj ET Q q 0 0 0 rg BT 534.80 214.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.78 202.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 82.32 202.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.21 202.10 Td (36%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.54 202.10 Td (. ) Tj ET Q q 0 0 0 rg BT 116.42 202.10 Td (This ) Tj ET Q q 0 0 0 rg BT 136.76 202.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 178.74 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.08 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 196.08 202.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 236.42 202.10 Td (for ) Tj ET Q q 0 0 0 rg BT 250.64 202.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 273.74 202.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.96 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.74 202.10 Td (year ) Tj ET Q q 0 0 0 rg BT 322.51 202.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.94 202.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 407.59 202.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.59 202.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.15 202.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.04 202.10 Td ($24.5 ) Tj ET Q q 0 0 0 rg BT 466.10 202.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.99 202.10 Td (, ) Tj ET Q q 0 0 0 rg BT 500.05 202.10 Td (which ) Tj ET Q q 0 0 0 rg BT 527.05 202.10 Td (reflected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.61 190.10 Td (ef) Tj ET Q q 0 0 0 rg BT 69.20 190.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 98.57 190.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 112.96 190.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 130.12 190.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.63 190.10 Td (34%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.96 190.10 Td (. ) Tj ET Q q 0 0 0 rg BT 163.47 190.10 Td (The ) Tj ET Q q 0 0 0 rg BT 181.19 190.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 217.78 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.73 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.12 190.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 282.07 190.10 Td (for ) Tj ET Q q 0 0 0 rg BT 295.90 190.10 Td (income ) Tj ET Q q 0 0 0 rg BT 327.51 190.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 350.23 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.73 190.10 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 380.40 190.10 Td (million ) Tj ET Q q 0 0 0 rg BT 411.47 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.42 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.81 190.10 Td (year ) Tj ET Q q 0 0 0 rg BT 455.19 190.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.24 190.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 539.50 190.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 190.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (as ) Tj ET Q q 0 0 0 rg BT 61.10 178.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 103.29 178.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.83 178.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.83 178.10 Td (, ) Tj ET Q q 0 0 0 rg BT 139.10 178.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 173.52 178.10 Td (from ) Tj ET Q q 0 0 0 rg BT 195.72 178.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.93 178.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 240.11 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.65 178.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 281.73 178.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 316.43 178.10 Td (of) Tj ET Q q 0 0 0 rg BT 324.58 178.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 341.79 178.10 Td (by ) Tj ET Q q 0 0 0 rg BT 354.55 178.10 Td (an ) Tj ET Q q 0 0 0 rg BT 366.76 178.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 402.28 178.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.82 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.81 178.10 Td (ef) Tj ET Q q 0 0 0 rg BT 435.39 178.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 465.36 178.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 480.34 178.10 Td (rate. ) Tj ET Q q 0 0 0 rg BT 500.40 178.10 Td (The ) Tj ET Q q 0 0 0 rg BT 518.71 178.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 554.23 178.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.36 166.10 Td (ef) Tj ET Q q 0 0 0 rg BT 71.94 166.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 101.28 166.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 115.64 166.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 132.76 166.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 178.22 166.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 212.02 166.10 Td (from ) Tj ET Q q 0 0 0 rg BT 233.59 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.95 166.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 292.29 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.76 166.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 332.65 166.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 352.57 166.10 Td (source ) Tj ET Q q 0 0 0 rg BT 380.81 166.10 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 419.33 166.10 Td (which ) Tj ET Q q 0 0 0 rg BT 445.90 166.10 Td (are ) Tj ET Q q 0 0 0 rg BT 460.25 166.10 Td (taxed ) Tj ET Q q 0 0 0 rg BT 484.04 166.10 Td (at ) Tj ET Q q 0 0 0 rg BT 493.40 166.10 Td (a ) Tj ET Q q 0 0 0 rg BT 499.98 166.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 527.66 166.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 544.79 166.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 81.38 154.10 Td (source ) Tj ET Q q 0 0 0 rg BT 109.98 154.10 Td (earnings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 133.10 Td (The ) Tj ET Q q 0 0 0 rg BT 80.04 133.10 Td (ef) Tj ET Q q 0 0 0 rg BT 87.63 133.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 117.32 133.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 132.03 133.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 149.51 133.10 Td (can ) Tj ET Q q 0 0 0 rg BT 165.88 133.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 203.35 133.10 Td (as ) Tj ET Q q 0 0 0 rg BT 214.18 133.10 Td (a ) Tj ET Q q 0 0 0 rg BT 221.11 133.10 Td (result ) Tj ET Q q 0 0 0 rg BT 245.82 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.64 133.10 Td (variations ) Tj ET Q q 0 0 0 rg BT 298.56 133.10 Td (in ) Tj ET Q q 0 0 0 rg BT 308.84 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.55 133.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 356.02 133.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 392.40 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.22 133.10 Td (income ) Tj ET Q q 0 0 0 rg BT 435.15 133.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 464.29 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.22 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.93 133.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 510.64 133.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 528.11 133.10 Td (imposed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.14 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.71 121.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 89.29 121.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 141.09 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.23 121.10 Td (which ) Tj ET Q q 0 0 0 rg BT 178.02 121.10 Td (we ) Tj ET Q q 0 0 0 rg BT 192.04 121.10 Td (operate. ) Tj ET Q q 0 0 0 rg BT 225.80 121.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 275.14 121.10 Td (, ) Tj ET Q q 0 0 0 rg BT 280.00 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.57 121.10 Td (ef) Tj ET Q q 0 0 0 rg BT 302.16 121.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 331.72 121.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 346.30 121.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 363.64 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.78 121.10 Td (any ) Tj ET Q q 0 0 0 rg BT 390.57 121.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 431.24 121.10 Td (year ) Tj ET Q q 0 0 0 rg BT 450.81 121.10 Td (may ) Tj ET Q q 0 0 0 rg BT 470.38 121.10 Td (not ) Tj ET Q q 0 0 0 rg BT 485.52 121.10 Td (be ) Tj ET Q q 0 0 0 rg BT 497.32 121.10 Td (indicative ) Tj ET Q q 0 0 0 rg BT 539.10 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 121.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 109.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 87.29 109.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 102.01 109.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 119.49 109.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.77 109.10 Td (future ) Tj ET Q q 0 0 0 rg BT 156.15 109.10 Td (years.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (Net Income and Earnings Per) Tj ET Q q 0 0 0 rg BT 176.48 85.10 Td ( Shar) Tj ET Q q 0 0 0 rg BT 199.36 85.10 Td (e) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 64.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 82.00 64.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.70 64.10 Td (versus ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.95 64.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 132.95 64.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.45 64.10 Td (For ) Tj ET Q q 0 0 0 rg BT 154.54 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.46 64.10 Td (year ) Tj ET Q q 0 0 0 rg BT 189.36 64.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 215.94 64.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.72 64.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.72 64.10 Td (, ) Tj ET Q q 0 0 0 rg BT 299.92 64.10 Td (net ) Tj ET Q q 0 0 0 rg BT 314.84 64.10 Td (income ) Tj ET Q q 0 0 0 rg BT 346.97 64.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 385.76 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.24 64.10 Td (common ) Tj ET Q q 0 0 0 rg BT 433.93 64.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 487.18 64.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.43 64.10 Td ($25.6 ) Tj ET Q q 0 0 0 rg BT 530.63 64.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.52 64.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.17 52.10 Td ($0.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.67 52.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.52 52.10 Td (per ) Tj ET Q q 0 0 0 rg BT 102.13 52.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 132.75 52.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 159.19 52.10 Td (as ) Tj ET Q q 0 0 0 rg BT 170.36 52.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 212.63 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.25 52.10 Td (net ) Tj ET Q q 0 0 0 rg BT 238.31 52.10 Td (income ) Tj ET Q q 0 0 0 rg BT 270.59 52.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 309.52 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.14 52.10 Td (common ) Tj ET Q q 0 0 0 rg BT 357.98 52.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 411.37 52.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.54 52.10 Td ($43.4 ) Tj ET Q q 0 0 0 rg BT 447.88 52.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.78 52.10 Td (, ) Tj ET Q q 0 0 0 rg BT 482.12 52.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.29 52.10 Td ($1.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.79 52.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.64 52.10 Td (per ) Tj ET Q q 0 0 0 rg BT 534.25 52.10 Td (diluted ) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 75.39 742.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.97 742.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.97 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 109.26 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.92 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 128.27 742.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 164.47 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.05 742.10 Td (net ) Tj ET Q q 0 0 0 rg BT 188.06 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 219.29 742.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 257.17 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.74 742.10 Td (common ) Tj ET Q q 0 0 0 rg BT 303.53 742.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 355.87 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.00 742.10 Td ($17.8 ) Tj ET Q q 0 0 0 rg BT 390.29 742.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.18 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.98 742.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 466.09 742.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 499.54 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 520.78 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.79 742.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 730.10 Td (net ) Tj ET Q q 0 0 0 rg BT 77.22 730.10 Td (income ) Tj ET Q q 0 0 0 rg BT 109.15 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.98 730.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 145.25 730.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 183.29 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.22 730.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 228.27 730.10 Td (non-compensation ) Tj ET Q q 0 0 0 rg BT 304.64 730.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 343.24 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 354.07 730.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 394.90 730.10 Td (above. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 709.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.80 709.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.80 709.10 Td (, ) Tj ET Q q 0 0 0 rg BT 117.78 709.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.58 709.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 154.95 709.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 185.19 709.10 Td (average ) Tj ET Q q 0 0 0 rg BT 218.75 709.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 246.22 709.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 295.36 709.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 335.58 709.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.06 709.10 Td (0.8 ) Tj ET Q q 0 0 0 rg BT 363.03 709.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.93 709.10 Td ( ) Tj ET Q q 0 0 0 rg BT 394.40 709.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 709.10 Td (31.2 ) Tj ET Q q 0 0 0 rg BT 424.63 709.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.52 709.10 Td ( ) Tj ET Q q 0 0 0 rg BT 455.99 709.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.91 709.10 Td (30.4 ) Tj ET Q q 0 0 0 rg BT 497.88 709.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.77 709.10 Td ( ) Tj ET Q q 0 0 0 rg BT 529.25 709.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 709.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 709.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.96 697.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 103.12 697.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.31 697.10 Td (our ) Tj ET Q q 0 0 0 rg BT 129.05 697.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 150.34 697.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 180.53 697.10 Td (average ) Tj ET Q q 0 0 0 rg BT 214.02 697.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 241.42 697.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 290.50 697.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 336.23 697.10 Td (related ) Tj ET Q q 0 0 0 rg BT 365.84 697.10 Td (to ) Tj ET Q q 0 0 0 rg BT 376.03 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.65 697.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 429.72 697.10 Td (average ) Tj ET Q q 0 0 0 rg BT 463.21 697.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 492.83 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.57 697.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.20 697.10 Td (0.8 ) Tj ET Q q 0 0 0 rg BT 533.11 697.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 697.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 77.58 685.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 105.17 685.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.97 685.10 Td (April ) Tj ET Q q 0 0 0 rg BT 138.67 685.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 161.26 685.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.63 685.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 221.44 685.10 Td (with ) Tj ET Q q 0 0 0 rg BT 241.81 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.62 685.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 303.09 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.01 685.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 345.49 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.52 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.33 685.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 425.46 685.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.38 685.10 Td (0.5 ) Tj ET Q q 0 0 0 rg BT 451.48 685.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.37 685.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.96 685.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 522.75 685.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 546.45 685.10 Td (unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 82.54 673.10 Td (net ) Tj ET Q q 0 0 0 rg BT 96.47 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.52 673.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 133.23 673.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 166.04 673.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 216.06 673.10 Td (by ) Tj ET Q q 0 0 0 rg BT 227.78 673.10 Td (us ) Tj ET Q q 0 0 0 rg BT 238.39 673.10 Td (for ) Tj ET Q q 0 0 0 rg BT 251.77 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.70 673.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 308.52 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.57 673.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 359.16 673.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 373.09 673.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 412.03 673.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 440.96 673.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 462.68 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.61 673.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 507.22 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.27 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.20 673.10 Td (awards. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.92 661.10 Td (average ) Tj ET Q q 0 0 0 rg BT 101.38 661.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 128.74 661.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 177.77 661.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.36 661.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 245.82 661.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.82 661.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.19 661.10 Td (does ) Tj ET Q q 0 0 0 rg BT 288.89 661.10 Td (not ) Tj ET Q q 0 0 0 rg BT 304.04 661.10 Td (include ) Tj ET Q q 0 0 0 rg BT 335.85 661.10 Td (an ) Tj ET Q q 0 0 0 rg BT 347.66 661.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.02 661.10 Td (0.3 ) Tj ET Q q 0 0 0 rg BT 404.89 661.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.79 661.10 Td ( ) Tj ET Q q 0 0 0 rg BT 436.16 661.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 463.52 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.22 661.10 Td (common ) Tj ET Q q 0 0 0 rg BT 511.59 661.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 537.57 661.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (will ) Tj ET Q q 0 0 0 rg BT 66.98 649.10 Td (be ) Tj ET Q q 0 0 0 rg BT 77.85 649.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 104.27 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.48 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.12 649.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 155.21 649.10 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 201.63 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.39 649.10 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 244.20 649.10 Td (if ) Tj ET Q q 0 0 0 rg BT 251.73 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.38 649.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 296.79 649.10 Td (is ) Tj ET Q q 0 0 0 rg BT 304.88 649.10 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 344.03 649.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.45 649.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 412.96 649.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.96 649.10 Td ( ) Tj ET Q q 0 0 0 rg BT 434.39 649.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.25 649.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.25 649.10 Td (, ) Tj ET Q q 0 0 0 rg BT 474.18 649.10 Td (our ) Tj ET Q q 0 0 0 rg BT 488.93 649.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 515.35 649.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 68.79 637.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 108.12 637.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 131.35 637.10 Td (units ) Tj ET Q q 0 0 0 rg BT 152.92 637.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 180.58 637.10 Td (for ) Tj ET Q q 0 0 0 rg BT 194.37 637.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 240.36 637.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 278.03 637.10 Td (\(i.e. ) Tj ET Q q 0 0 0 rg BT 295.70 637.10 Td (not ) Tj ET Q q 0 0 0 rg BT 310.60 637.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 349.38 637.10 Td (for ) Tj ET Q q 0 0 0 rg BT 363.16 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.50 637.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 405.73 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.18 637.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 457.73 637.10 Td (during ) Tj ET Q q 0 0 0 rg BT 485.96 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.30 637.10 Td (year\) ) Tj ET Q q 0 0 0 rg BT 522.96 637.10 Td (were ) Tj ET Q q 0 0 0 rg BT 544.51 637.10 Td (31.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (million ) Tj ET Q q 0 0 0 rg BT 81.39 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.33 625.10 Td (30.1 ) Tj ET Q q 0 0 0 rg BT 118.33 625.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 152.22 625.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 199.88 625.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 601.10 Td (As ) Tj ET Q q 0 0 0 rg BT 86.73 601.10 Td (part ) Tj ET Q q 0 0 0 rg BT 105.39 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.84 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.17 601.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 189.16 601.10 Td (for ) Tj ET Q q 0 0 0 rg BT 203.93 601.10 Td (our ) Tj ET Q q 0 0 0 rg BT 220.38 601.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 267.37 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.82 601.10 Td (Caliburn ) Tj ET Q q 0 0 0 rg BT 316.93 601.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.82 601.10 Td (2010, ) Tj ET Q q 0 0 0 rg BT 353.44 601.10 Td (we ) Tj ET Q q 0 0 0 rg BT 368.21 601.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 396.33 601.10 Td (439,951 ) Tj ET Q q 0 0 0 rg BT 431.94 601.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 477.27 601.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 525.37 601.10 Td (preferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 79.94 589.10 Td (which ) Tj ET Q q 0 0 0 rg BT 106.83 589.10 Td (would ) Tj ET Q q 0 0 0 rg BT 134.28 589.10 Td (have ) Tj ET Q q 0 0 0 rg BT 155.61 589.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 197.49 589.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.71 589.10 Td (common ) Tj ET Q q 0 0 0 rg BT 245.16 589.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 272.60 589.10 Td (promptly ) Tj ET Q q 0 0 0 rg BT 311.72 589.10 Td (following ) Tj ET Q q 0 0 0 rg BT 353.06 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.72 589.10 Td (fifth ) Tj ET Q q 0 0 0 rg BT 387.39 589.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 436.49 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.27 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.94 589.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 493.28 589.10 Td (\(April ) Tj ET Q q 0 0 0 rg BT 520.17 589.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 530.12 589.10 Td (2015\) ) Tj ET Q q 0 0 0 rg BT 555.90 589.10 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.32 577.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 89.85 577.10 Td (tar) Tj ET Q q 0 0 0 rg BT 100.21 577.10 Td (get ) Tj ET Q q 0 0 0 rg BT 114.31 577.10 Td (was ) Tj ET Q q 0 0 0 rg BT 131.75 577.10 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 171.53 577.10 Td (The ) Tj ET Q q 0 0 0 rg BT 188.96 577.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 222.48 577.10 Td (tar) Tj ET Q q 0 0 0 rg BT 232.85 577.10 Td (get ) Tj ET Q q 0 0 0 rg BT 246.95 577.10 Td (was ) Tj ET Q q 0 0 0 rg BT 264.38 577.10 Td (not ) Tj ET Q q 0 0 0 rg BT 279.04 577.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 316.46 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.78 577.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.88 577.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 390.97 577.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 437.83 577.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 476.35 577.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 503.23 577.10 Td (were ) Tj ET Q q 0 0 0 rg BT 524.54 577.10 Td (canceled. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (Consequently) Tj ET Q q 0 0 0 rg BT 104.35 565.10 Td (, ) Tj ET Q q 0 0 0 rg BT 109.29 565.10 Td (no ) Tj ET Q q 0 0 0 rg BT 121.73 565.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 164.16 565.10 Td (common ) Tj ET Q q 0 0 0 rg BT 201.59 565.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 229.02 565.10 Td (related ) Tj ET Q q 0 0 0 rg BT 258.67 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.88 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.54 565.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 330.96 565.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 370.04 565.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 397.47 565.10 Td (were ) Tj ET Q q 0 0 0 rg BT 419.34 565.10 Td (included ) Tj ET Q q 0 0 0 rg BT 456.21 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.43 565.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.09 565.10 Td (share ) Tj ET Q q 0 0 0 rg BT 504.63 565.10 Td (count ) Tj ET Q q 0 0 0 rg BT 529.29 565.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.50 565.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 564.50 565.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (See ) Tj ET Q q 0 0 0 rg BT 66.94 553.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 92.96 553.10 Td (1) Tj ET Q q 0 0 0 rg BT 97.59 553.10 Td (1) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 102.59 553.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.48 553.10 Td (Equity" ) Tj ET Q q 0 0 0 rg BT 144.73 553.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.67 553.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 187.69 553.10 Td (12) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 197.69 553.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.58 553.10 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 244.62 553.10 Td (Per ) Tj ET Q q 0 0 0 rg BT 260.45 553.10 Td (Share ) Tj ET Q q 0 0 0 rg BT 290.16 553.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.44 553.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.16 553.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 370.43 553.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 410.14 553.10 Td (Statements.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 532.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 82.00 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.70 532.10 Td (versus ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 112.95 532.10 Td (2013) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 132.95 532.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.45 532.10 Td (For ) Tj ET Q q 0 0 0 rg BT 154.54 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.46 532.10 Td (year ) Tj ET Q q 0 0 0 rg BT 189.36 532.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 215.94 532.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.72 532.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.72 532.10 Td (, ) Tj ET Q q 0 0 0 rg BT 299.92 532.10 Td (net ) Tj ET Q q 0 0 0 rg BT 314.84 532.10 Td (income ) Tj ET Q q 0 0 0 rg BT 346.97 532.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 385.76 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.24 532.10 Td (common ) Tj ET Q q 0 0 0 rg BT 433.93 532.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 487.18 532.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.43 532.10 Td ($43.4 ) Tj ET Q q 0 0 0 rg BT 530.63 532.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.52 532.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.17 520.10 Td ($1.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.67 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.52 520.10 Td (per ) Tj ET Q q 0 0 0 rg BT 102.13 520.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 132.75 520.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 159.19 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 170.36 520.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 212.63 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.25 520.10 Td (net ) Tj ET Q q 0 0 0 rg BT 238.31 520.10 Td (income ) Tj ET Q q 0 0 0 rg BT 270.59 520.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 309.52 520.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.14 520.10 Td (common ) Tj ET Q q 0 0 0 rg BT 357.98 520.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 411.37 520.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.54 520.10 Td ($46.7 ) Tj ET Q q 0 0 0 rg BT 447.88 520.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.78 520.10 Td (, ) Tj ET Q q 0 0 0 rg BT 482.12 520.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.29 520.10 Td ($1.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.79 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.64 520.10 Td (per ) Tj ET Q q 0 0 0 rg BT 534.25 520.10 Td (diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 75.75 508.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.68 508.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.68 508.10 Td (. ) Tj ET Q q 0 0 0 rg BT 110.18 508.10 Td (The ) Tj ET Q q 0 0 0 rg BT 127.88 508.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 164.45 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.38 508.10 Td (net ) Tj ET Q q 0 0 0 rg BT 188.75 508.10 Td (income ) Tj ET Q q 0 0 0 rg BT 220.34 508.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 258.58 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.51 508.10 Td (common ) Tj ET Q q 0 0 0 rg BT 305.66 508.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 358.36 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.84 508.10 Td ($3.3 ) Tj ET Q q 0 0 0 rg BT 388.50 508.10 Td (million ) Tj ET Q q 0 0 0 rg BT 419.54 508.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 465.02 508.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 498.82 508.10 Td (from ) Tj ET Q q 0 0 0 rg BT 520.42 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.79 508.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.95 496.10 Td (net ) Tj ET Q q 0 0 0 rg BT 76.12 496.10 Td (income ) Tj ET Q q 0 0 0 rg BT 107.50 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.78 496.10 Td (slightly ) Tj ET Q q 0 0 0 rg BT 149.74 496.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 174.46 496.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 211.95 496.10 Td (of) Tj ET Q q 0 0 0 rg BT 220.10 496.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 236.48 496.10 Td (by ) Tj ET Q q 0 0 0 rg BT 248.44 496.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.82 496.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 291.19 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 300.92 496.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 358.41 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.80 496.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 408.41 496.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 446.46 496.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.18 496.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.18 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 478.13 496.10 Td (as ) Tj ET Q q 0 0 0 rg BT 488.42 496.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 529.79 496.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.52 496.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.52 496.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 475.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.80 475.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.80 475.10 Td (, ) Tj ET Q q 0 0 0 rg BT 117.78 475.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.58 475.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 154.95 475.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 185.19 475.10 Td (average ) Tj ET Q q 0 0 0 rg BT 218.75 475.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 246.22 475.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 295.36 475.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 335.58 475.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.06 475.10 Td (0.2 ) Tj ET Q q 0 0 0 rg BT 363.03 475.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.93 475.10 Td ( ) Tj ET Q q 0 0 0 rg BT 394.40 475.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 475.10 Td (30.4 ) Tj ET Q q 0 0 0 rg BT 424.63 475.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.52 475.10 Td ( ) Tj ET Q q 0 0 0 rg BT 455.99 475.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.91 475.10 Td (30.2 ) Tj ET Q q 0 0 0 rg BT 497.88 475.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.77 475.10 Td ( ) Tj ET Q q 0 0 0 rg BT 529.25 475.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 475.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 475.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.28 463.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 103.76 463.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.26 463.10 Td (our ) Tj ET Q q 0 0 0 rg BT 130.32 463.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 151.94 463.10 Td (diluted ) Tj ET Q q 0 0 0 rg BT 182.44 463.10 Td (average ) Tj ET Q q 0 0 0 rg BT 216.25 463.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 243.97 463.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 293.37 463.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 339.41 463.10 Td (related ) Tj ET Q q 0 0 0 rg BT 369.34 463.10 Td (to ) Tj ET Q q 0 0 0 rg BT 379.85 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.80 463.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 443.07 463.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.13 463.10 Td (0.5 ) Tj ET Q q 0 0 0 rg BT 469.35 463.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.25 463.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.97 463.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 540.91 463.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 68.00 451.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 101.26 451.10 Td (net ) Tj ET Q q 0 0 0 rg BT 115.93 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.70 451.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 154.13 451.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 187.67 451.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 238.42 451.10 Td (by ) Tj ET Q q 0 0 0 rg BT 250.86 451.10 Td (us ) Tj ET Q q 0 0 0 rg BT 262.20 451.10 Td (for ) Tj ET Q q 0 0 0 rg BT 276.30 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.96 451.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 334.51 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.28 451.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 386.60 451.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 401.26 451.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 440.92 451.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 470.58 451.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 493.02 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.68 451.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 539.01 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 451.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 83.19 439.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 118.88 439.10 Td (of) Tj ET Q q 0 0 0 rg BT 127.02 439.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 143.83 439.10 Td (by ) Tj ET Q q 0 0 0 rg BT 156.20 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.78 439.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 209.80 439.10 Td (average ) Tj ET Q q 0 0 0 rg BT 243.25 439.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 272.83 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.53 439.10 Td (open ) Tj ET Q q 0 0 0 rg BT 305.34 439.10 Td (market ) Tj ET Q q 0 0 0 rg BT 335.47 439.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 385.03 439.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.73 439.10 Td (0.3 ) Tj ET Q q 0 0 0 rg BT 410.60 439.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.49 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 441.86 439.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 471.19 439.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.56 439.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 542.01 439.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 439.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 427.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.57 427.10 Td (our ) Tj ET Q q 0 0 0 rg BT 106.96 427.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 135.01 427.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 184.74 427.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 204.48 427.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 244.74 427.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 268.92 427.10 Td (units ) Tj ET Q q 0 0 0 rg BT 291.43 427.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 320.04 427.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.76 427.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 381.70 427.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 420.31 427.10 Td (\(i.e. ) Tj ET Q q 0 0 0 rg BT 438.93 427.10 Td (not ) Tj ET Q q 0 0 0 rg BT 454.77 427.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 494.49 427.10 Td (for ) Tj ET Q q 0 0 0 rg BT 509.21 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.49 427.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 553.67 427.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 91.93 415.10 Td (during ) Tj ET Q q 0 0 0 rg BT 120.54 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.25 415.10 Td (year\) ) Tj ET Q q 0 0 0 rg BT 158.29 415.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 197.99 415.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 233.82 415.10 Td (at ) Tj ET Q q 0 0 0 rg BT 243.54 415.10 Td (30.1 ) Tj ET Q q 0 0 0 rg BT 263.54 415.10 Td (million.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (Geographic Data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 370.10 Td (For ) Tj ET Q q 0 0 0 rg BT 79.08 370.10 Td (a ) Tj ET Q q 0 0 0 rg BT 86.71 370.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 127.11 370.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.63 370.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.03 370.10 Td (total ) Tj ET Q q 0 0 0 rg BT 174.99 370.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 216.22 370.10 Td (income ) Tj ET Q q 0 0 0 rg BT 248.84 370.10 Td (before ) Tj ET Q q 0 0 0 rg BT 277.56 370.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 301.30 370.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.92 370.10 Td (total ) Tj ET Q q 0 0 0 rg BT 339.88 370.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 366.40 370.10 Td (by ) Tj ET Q q 0 0 0 rg BT 379.59 370.10 Td (geographic ) Tj ET Q q 0 0 0 rg BT 427.20 370.10 Td (region, ) Tj ET Q q 0 0 0 rg BT 458.43 370.10 Td (see ) Tj ET Q q 0 0 0 rg BT 474.39 370.10 Td (Note18 ) Tj ET Q q 0 0 0 rg BT 526.46 370.10 Td (Business ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (Information ) Tj ET Q q 0 0 0 rg BT 104.70 358.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.98 358.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.70 358.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 184.97 358.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 224.68 358.10 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (Liquidity and Capital Resour) Tj ET Q q 0 0 0 rg BT 175.68 334.10 Td (ces) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 313.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 80.45 313.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 117.24 313.10 Td (position, ) Tj ET Q q 0 0 0 rg BT 154.86 313.10 Td (which ) Tj ET Q q 0 0 0 rg BT 182.20 313.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 216.77 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.00 313.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 251.16 313.10 Td (other ) Tj ET Q q 0 0 0 rg BT 274.61 313.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 319.72 313.10 Td (working ) Tj ET Q q 0 0 0 rg BT 355.95 313.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 385.49 313.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 411.72 313.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.06 313.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 471.67 313.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 491.79 313.10 Td (and ) Tj ET Q q 0 0 0 rg BT 509.12 313.10 Td (other ) Tj ET Q q 0 0 0 rg BT 532.57 313.10 Td (matters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 82.38 301.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.00 301.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 127.73 301.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 181.77 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.05 301.10 Td (current ) Tj ET Q q 0 0 0 rg BT 228.21 301.10 Td (market ) Tj ET Q q 0 0 0 rg BT 257.81 301.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 303.82 301.10 Td (is ) Tj ET Q q 0 0 0 rg BT 312.33 301.10 Td (monitored ) Tj ET Q q 0 0 0 rg BT 355.27 301.10 Td (by ) Tj ET Q q 0 0 0 rg BT 367.11 301.10 Td (management ) Tj ET Q q 0 0 0 rg BT 420.04 301.10 Td (on ) Tj ET Q q 0 0 0 rg BT 431.88 301.10 Td (a ) Tj ET Q q 0 0 0 rg BT 438.16 301.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 468.31 301.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 492.65 301.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.08 301.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.92 301.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 289.10 Td (, ) Tj ET Q q 0 0 0 rg BT 75.32 289.10 Td (we ) Tj ET Q q 0 0 0 rg BT 89.79 289.10 Td (had ) Tj ET Q q 0 0 0 rg BT 107.05 289.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 127.63 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.89 289.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 165.47 289.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 213.83 289.10 Td (on ) Tj ET Q q 0 0 0 rg BT 226.65 289.10 Td (hand ) Tj ET Q q 0 0 0 rg BT 248.90 289.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.05 289.10 Td ($70.0 ) Tj ET Q q 0 0 0 rg BT 285.37 289.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.26 289.10 Td (, ) Tj ET Q q 0 0 0 rg BT 319.57 289.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.72 289.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.97 289.10 Td ($35.0 ) Tj ET Q q 0 0 0 rg BT 383.29 289.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.18 289.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.00 289.10 Td (was ) Tj ET Q q 0 0 0 rg BT 433.37 289.10 Td (held ) Tj ET Q q 0 0 0 rg BT 453.40 289.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 485.10 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.14 289.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 520.74 289.10 Td ( ) Tj ET Q q 0 0 0 rg BT 523.35 289.10 Td (W) Tj ET Q q 0 0 0 rg BT 531.99 289.10 Td (e ) Tj ET Q q 0 0 0 rg BT 539.24 289.10 Td (retain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (our ) Tj ET Q q 0 0 0 rg BT 66.16 277.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 86.77 277.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.38 277.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 135.20 277.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 182.48 277.10 Td (with ) Tj ET Q q 0 0 0 rg BT 203.10 277.10 Td (high ) Tj ET Q q 0 0 0 rg BT 223.71 277.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 249.31 277.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 279.36 277.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 307.74 277.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 334.46 277.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.07 277.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 389.56 277.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 440.17 277.10 Td (which ) Tj ET Q q 0 0 0 rg BT 467.44 277.10 Td (are ) Tj ET Q q 0 0 0 rg BT 482.49 277.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 520.85 277.10 Td (to ) Tj ET Q q 0 0 0 rg BT 531.46 277.10 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 83.24 265.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 244.10 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 244.10 Td (e ) Tj ET Q q 0 0 0 rg BT 77.16 244.10 Td (generate ) Tj ET Q q 0 0 0 rg BT 113.11 244.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 132.96 244.10 Td (from ) Tj ET Q q 0 0 0 rg BT 154.48 244.10 Td (our ) Tj ET Q q 0 0 0 rg BT 169.90 244.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 209.74 244.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 247.93 244.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 293.33 244.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.19 244.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.49 244.10 Td (form ) Tj ET Q q 0 0 0 rg BT 339.02 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.43 244.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 385.95 244.10 Td (fees. ) Tj ET Q q 0 0 0 rg BT 406.48 244.10 Td (W) Tj ET Q q 0 0 0 rg BT 415.12 244.10 Td (e ) Tj ET Q q 0 0 0 rg BT 421.64 244.10 Td (use ) Tj ET Q q 0 0 0 rg BT 437.06 244.10 Td (our ) Tj ET Q q 0 0 0 rg BT 452.47 244.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 472.32 244.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 511.62 244.10 Td (for ) Tj ET Q q 0 0 0 rg BT 525.36 244.10 Td (recurring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.96 232.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 128.26 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.90 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.32 232.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 195.96 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.49 232.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 247.58 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.22 232.10 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 321.39 232.10 Td (disbursements ) Tj ET Q q 0 0 0 rg BT 380.81 232.10 Td (such ) Tj ET Q q 0 0 0 rg BT 401.34 232.10 Td (as ) Tj ET Q q 0 0 0 rg BT 411.87 232.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.29 232.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 470.69 232.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.23 232.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 500.64 232.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 549.79 232.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 96.69 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.40 220.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 136.77 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.48 220.10 Td (our ) Tj ET Q q 0 0 0 rg BT 165.19 220.10 Td (common ) Tj ET Q q 0 0 0 rg BT 203.56 220.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 228.05 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.87 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.47 220.10 Td (funding ) Tj ET Q q 0 0 0 rg BT 295.96 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.67 220.10 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 348.81 220.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 409.40 220.10 Td (for ) Tj ET Q q 0 0 0 rg BT 424.44 220.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.04 220.10 Td (build ) Tj ET Q q 0 0 0 rg BT 463.98 220.10 Td (out ) Tj ET Q q 0 0 0 rg BT 480.14 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.85 220.10 Td (of) Tj ET Q q 0 0 0 rg BT 500.00 220.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 518.36 220.10 Td (space. ) Tj ET Q q 0 0 0 rg BT 546.45 220.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 88.21 208.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 123.11 208.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 162.43 208.10 Td (disbursements ) Tj ET Q q 0 0 0 rg BT 221.21 208.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 266.09 208.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 295.43 208.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.33 208.10 Td (base ) Tj ET Q q 0 0 0 rg BT 324.66 208.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 381.76 208.10 Td (expense, ) Tj ET Q q 0 0 0 rg BT 418.03 208.10 Td (occupancy) Tj ET Q q 0 0 0 rg BT 460.14 208.10 Td (, ) Tj ET Q q 0 0 0 rg BT 464.20 208.10 Td (travel ) Tj ET Q q 0 0 0 rg BT 488.53 208.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.53 208.10 Td (entertainment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.09 196.10 Td (other ) Tj ET Q q 0 0 0 rg BT 90.29 196.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 130.70 196.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 171.95 196.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 190.16 196.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 229.45 196.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 268.20 196.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.29 196.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 314.59 196.10 Td (disbursements ) Tj ET Q q 0 0 0 rg BT 374.46 196.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 404.89 196.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.87 196.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 436.29 196.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 462.84 196.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 506.31 196.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 521.18 196.10 Td (payments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 87.11 184.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 130.06 184.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 149.39 184.10 Td (repayments, ) Tj ET Q q 0 0 0 rg BT 200.11 184.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.67 184.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 265.98 184.10 Td (of ) Tj ET Q q 0 0 0 rg BT 276.43 184.10 Td (our ) Tj ET Q q 0 0 0 rg BT 291.88 184.10 Td (common ) Tj ET Q q 0 0 0 rg BT 328.99 184.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 352.22 184.10 Td (from ) Tj ET Q q 0 0 0 rg BT 373.78 184.10 Td (our ) Tj ET Q q 0 0 0 rg BT 389.23 184.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 434.11 184.10 Td (in ) Tj ET Q q 0 0 0 rg BT 444.01 184.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 493.34 184.10 Td (with ) Tj ET Q q 0 0 0 rg BT 513.24 184.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.57 184.10 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.69 172.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 77.26 172.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 117.83 172.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 154.51 172.10 Td (on ) Tj ET Q q 0 0 0 rg BT 167.86 172.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 200.11 172.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.79 172.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 252.35 172.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 276.82 172.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 301.88 172.10 Td (These ) Tj ET Q q 0 0 0 rg BT 329.12 172.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 366.36 172.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 387.48 172.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 432.50 172.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 455.85 172.10 Td (our ) Tj ET Q q 0 0 0 rg BT 472.54 172.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 523.67 172.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.46 172.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.10 Td (factors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 139.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 99.08 139.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.78 139.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 136.93 139.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.53 139.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.01 139.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 219.82 139.10 Td (we ) Tj ET Q q 0 0 0 rg BT 233.74 139.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 250.45 139.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.49 139.10 Td (our ) Tj ET Q q 0 0 0 rg BT 276.08 139.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 321.11 139.10 Td (is ) Tj ET Q q 0 0 0 rg BT 330.05 139.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 375.08 139.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.13 139.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 414.05 139.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 440.20 139.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 470.79 139.10 Td (\(usually ) Tj ET Q q 0 0 0 rg BT 505.27 139.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.31 139.10 Td (February ) Tj ET Q q 0 0 0 rg BT 553.68 139.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.10 Td (each ) Tj ET Q q 0 0 0 rg BT 70.40 127.10 Td (year\), ) Tj ET Q q 0 0 0 rg BT 95.52 127.10 Td (our ) Tj ET Q q 0 0 0 rg BT 110.93 127.10 Td (net ) Tj ET Q q 0 0 0 rg BT 125.24 127.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 145.09 127.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 177.70 127.10 Td (is ) Tj ET Q q 0 0 0 rg BT 186.46 127.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 223.53 127.10 Td (at ) Tj ET Q q 0 0 0 rg BT 232.83 127.10 Td (its ) Tj ET Q q 0 0 0 rg BT 244.37 127.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 272.56 127.10 Td (level ) Tj ET Q q 0 0 0 rg BT 294.08 127.10 Td (during ) Tj ET Q q 0 0 0 rg BT 322.27 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.57 127.10 Td (first ) Tj ET Q q 0 0 0 rg BT 354.76 127.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 385.16 127.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.57 127.10 Td (each ) Tj ET Q q 0 0 0 rg BT 415.97 127.10 Td (year ) Tj ET Q q 0 0 0 rg BT 435.26 127.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.79 127.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 491.07 127.10 Td (accumulates ) Tj ET Q q 0 0 0 rg BT 542.58 127.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 115.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 105.10 115.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 143.20 115.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 189.09 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.31 115.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 245.84 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.17 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.39 115.10 Td (year) Tj ET Q q 0 0 0 rg BT 287.05 115.10 Td (. ) Tj ET Q q 0 0 0 rg BT 291.55 115.10 Td (In ) Tj ET Q q 0 0 0 rg BT 301.88 115.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 335.81 115.10 Td (we ) Tj ET Q q 0 0 0 rg BT 349.47 115.10 Td (collect ) Tj ET Q q 0 0 0 rg BT 378.12 115.10 Td (our ) Tj ET Q q 0 0 0 rg BT 393.45 115.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 430.44 115.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 473.52 115.10 Td (within ) Tj ET Q q 0 0 0 rg BT 501.08 115.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 513.08 115.10 Td (days, ) Tj ET Q q 0 0 0 rg BT 535.91 115.10 Td (except ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.45 103.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 83.34 103.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 125.00 103.10 Td (through ) Tj ET Q q 0 0 0 rg BT 158.90 103.10 Td (our ) Tj ET Q q 0 0 0 rg BT 175.02 103.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 209.47 103.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 238.91 103.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 276.14 103.10 Td (engagements, ) Tj ET Q q 0 0 0 rg BT 333.63 103.10 Td (which ) Tj ET Q q 0 0 0 rg BT 360.86 103.10 Td (are ) Tj ET Q q 0 0 0 rg BT 375.86 103.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 415.86 103.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 435.87 103.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.44 103.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 497.56 103.10 Td (over ) Tj ET Q q 0 0 0 rg BT 518.12 103.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.35 103.10 Td (period ) Tj ET Q q 0 0 0 rg BT 553.69 103.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.10 Td (three ) Tj ET Q q 0 0 0 rg BT 74.33 91.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 102.28 91.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.06 91.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 152.61 91.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 208.05 91.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 262.66 91.10 Td (where ) Tj ET Q q 0 0 0 rg BT 291.43 91.10 Td (collections ) Tj ET Q q 0 0 0 rg BT 339.10 91.10 Td (may ) Tj ET Q q 0 0 0 rg BT 360.66 91.10 Td (take ) Tj ET Q q 0 0 0 rg BT 381.66 91.10 Td (longer ) Tj ET Q q 0 0 0 rg BT 411.55 91.10 Td (due ) Tj ET Q q 0 0 0 rg BT 430.34 91.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.46 91.10 Td (court-ordered ) Tj ET Q q 0 0 0 rg BT 501.22 91.10 Td (holdbacks. ) Tj ET Q q 0 0 0 rg BT 548.61 91.10 Td ( ) Tj ET Q q 0 0 0 rg BT 552.00 91.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 109.29 79.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.29 79.10 Td (, ) Tj ET Q q 0 0 0 rg BT 135.00 79.10 Td (we ) Tj ET Q q 0 0 0 rg BT 149.87 79.10 Td (had ) Tj ET Q q 0 0 0 rg BT 167.52 79.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 205.17 79.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 224.48 79.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 268.77 79.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.30 79.10 Td ($64.4 ) Tj ET Q q 0 0 0 rg BT 306.01 79.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.91 79.10 Td (, ) Tj ET Q q 0 0 0 rg BT 340.62 79.10 Td (including ) Tj ET Q q 0 0 0 rg BT 381.60 79.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 424.24 79.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 472.42 79.10 Td (related ) Tj ET Q q 0 0 0 rg BT 502.83 79.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.82 79.10 Td (our ) Tj ET Q q 0 0 0 rg BT 530.36 79.10 Td (primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 67.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.15 67.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 116.09 67.10 Td (engagements ) Tj ET Q q 0 0 0 rg BT 170.79 67.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.62 67.10 Td ($32.4 ) Tj ET Q q 0 0 0 rg BT 206.62 67.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.51 67.10 Td (. ) Tj ET Q endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 742.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 80.18 742.10 Td (current ) Tj ET Q q 0 0 0 rg BT 111.12 742.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 150.97 742.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 188.59 742.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 218.99 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.95 742.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 267.57 742.10 Td (payable, ) Tj ET Q q 0 0 0 rg BT 303.79 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 330.86 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 345.69 742.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 385.52 742.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 405.37 742.10 Td (monthly) Tj ET Q q 0 0 0 rg BT 438.05 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 443.18 742.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 476.89 742.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 537.56 742.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 84.89 730.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 117.53 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 136.86 730.10 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 170.64 730.10 Td (that ) Tj ET Q q 0 0 0 rg BT 187.19 730.10 Td (are ) Tj ET Q q 0 0 0 rg BT 200.96 730.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 239.72 730.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 258.50 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 267.84 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.62 730.10 Td (first ) Tj ET Q q 0 0 0 rg BT 299.28 730.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 329.16 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.05 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 352.83 730.10 Td (following ) Tj ET Q q 0 0 0 rg BT 393.27 730.10 Td (year ) Tj ET Q q 0 0 0 rg BT 412.04 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 421.38 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.16 730.10 Td (lar) Tj ET Q q 0 0 0 rg BT 445.52 730.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 456.52 730.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 491.96 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.85 730.10 Td (our ) Tj ET Q q 0 0 0 rg BT 516.74 730.10 Td (employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.73 718.10 Td (current ) Tj ET Q q 0 0 0 rg BT 97.34 718.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 120.18 718.10 Td (payable. ) Tj ET Q q 0 0 0 rg BT 156.06 718.10 Td (In ) Tj ET Q q 0 0 0 rg BT 166.69 718.10 Td (February ) Tj ET Q q 0 0 0 rg BT 205.08 718.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 229.87 718.10 Td (we ) Tj ET Q q 0 0 0 rg BT 243.82 718.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 272.21 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.28 718.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 299.01 718.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 319.07 718.10 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 353.59 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.32 718.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 403.69 718.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 437.64 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.26 718.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 508.32 718.10 Td ($13.9 ) Tj ET Q q 0 0 0 rg BT 533.11 718.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 83.21 706.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.65 706.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.65 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.31 706.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 174.52 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.96 706.10 Td (our ) Tj ET Q q 0 0 0 rg BT 200.95 706.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 248.88 706.10 Td (In ) Tj ET Q q 0 0 0 rg BT 259.87 706.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 297.81 706.10 Td (we ) Tj ET Q q 0 0 0 rg BT 312.13 706.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 340.89 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.33 706.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 368.44 706.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.86 706.10 Td ($18.5 ) Tj ET Q q 0 0 0 rg BT 454.02 706.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.91 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.58 706.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.02 706.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.02 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.68 706.10 Td (principally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (related ) Tj ET Q q 0 0 0 rg BT 79.70 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 89.98 694.10 Td (income ) Tj ET Q q 0 0 0 rg BT 121.91 694.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 144.96 694.10 Td (owed ) Tj ET Q q 0 0 0 rg BT 169.12 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.40 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.12 694.10 Td (United ) Tj ET Q q 0 0 0 rg BT 223.83 694.10 Td (States ) Tj ET Q q 0 0 0 rg BT 250.22 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.16 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 281.88 694.10 Td (United ) Tj ET Q q 0 0 0 rg BT 311.59 694.10 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 351.87 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.03 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.75 694.10 Td (year ) Tj ET Q q 0 0 0 rg BT 400.45 694.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.83 694.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 485.42 694.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.42 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 510.42 694.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 673.10 Td (T) Tj ET Q q 0 0 0 rg BT 68.91 673.10 Td (o ) Tj ET Q q 0 0 0 rg BT 77.35 673.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 111.35 673.10 Td (for ) Tj ET Q q 0 0 0 rg BT 126.45 673.10 Td (working ) Tj ET Q q 0 0 0 rg BT 163.23 673.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 193.32 673.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 219.54 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.42 673.10 Td (other ) Tj ET Q q 0 0 0 rg BT 261.41 673.10 Td (general ) Tj ET Q q 0 0 0 rg BT 294.28 673.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 335.48 673.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 374.47 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.70 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.36 673.10 Td (United ) Tj ET Q q 0 0 0 rg BT 432.02 673.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 461.85 673.10 Td (we ) Tj ET Q q 0 0 0 rg BT 476.96 673.10 Td (have ) Tj ET Q q 0 0 0 rg BT 499.28 673.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.16 673.10 Td ($50.0 ) Tj ET Q q 0 0 0 rg BT 533.11 673.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 673.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 90.39 661.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 111.89 661.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 131.18 661.10 Td (facility) Tj ET Q q 0 0 0 rg BT 158.85 661.10 Td (, ) Tj ET Q q 0 0 0 rg BT 163.41 661.10 Td (which ) Tj ET Q q 0 0 0 rg BT 189.92 661.10 Td (matures ) Tj ET Q q 0 0 0 rg BT 223.64 661.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.25 661.10 Td (April ) Tj ET Q q 0 0 0 rg BT 258.42 661.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 272.99 661.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.99 661.10 Td (. ) Tj ET Q q 0 0 0 rg BT 297.40 661.10 Td (W) Tj ET Q q 0 0 0 rg BT 306.04 661.10 Td (e ) Tj ET Q q 0 0 0 rg BT 312.54 661.10 Td (have ) Tj ET Q q 0 0 0 rg BT 333.49 661.10 Td (had ) Tj ET Q q 0 0 0 rg BT 349.99 661.10 Td (a ) Tj ET Q q 0 0 0 rg BT 356.49 661.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 396.88 661.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 416.17 661.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 446.55 661.10 Td (with ) Tj ET Q q 0 0 0 rg BT 466.40 661.10 Td (our ) Tj ET Q q 0 0 0 rg BT 481.79 661.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 515.52 661.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 537.03 661.10 Td (lender ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (since ) Tj ET Q q 0 0 0 rg BT 73.00 649.10 Td (2004 ) Tj ET Q q 0 0 0 rg BT 95.45 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 112.34 649.10 Td (under ) Tj ET Q q 0 0 0 rg BT 137.56 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.23 649.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 204.65 649.10 Td (with ) Tj ET Q q 0 0 0 rg BT 224.88 649.10 Td (our ) Tj ET Q q 0 0 0 rg BT 240.66 649.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 268.10 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.76 649.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 313.54 649.10 Td (was ) Tj ET Q q 0 0 0 rg BT 331.54 649.10 Td (structured ) Tj ET Q q 0 0 0 rg BT 373.97 649.10 Td (with ) Tj ET Q q 0 0 0 rg BT 394.20 649.10 Td (a ) Tj ET Q q 0 0 0 rg BT 401.09 649.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 430.20 649.10 Td (month ) Tj ET Q q 0 0 0 rg BT 458.21 649.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 491.44 649.10 Td (. ) Tj ET Q q 0 0 0 rg BT 496.39 649.10 Td ( ) Tj ET Q q 0 0 0 rg BT 498.84 649.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 545.41 649.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.36 649.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (have ) Tj ET Q q 0 0 0 rg BT 71.41 637.10 Td (been ) Tj ET Q q 0 0 0 rg BT 92.83 637.10 Td (able ) Tj ET Q q 0 0 0 rg BT 112.02 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.33 637.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 151.52 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.27 637.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 202.69 637.10 Td (date ) Tj ET Q q 0 0 0 rg BT 221.88 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.75 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.50 637.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 288.36 637.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 308.11 637.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 338.97 637.10 Td (for ) Tj ET Q q 0 0 0 rg BT 353.17 637.10 Td (a ) Tj ET Q q 0 0 0 rg BT 360.14 637.10 Td (new ) Tj ET Q q 0 0 0 rg BT 379.33 637.10 Td (one ) Tj ET Q q 0 0 0 rg BT 396.31 637.10 Td (year ) Tj ET Q q 0 0 0 rg BT 416.05 637.10 Td (period ) Tj ET Q q 0 0 0 rg BT 444.13 637.10 Td (shortly ) Tj ET Q q 0 0 0 rg BT 474.45 637.10 Td (before ) Tj ET Q q 0 0 0 rg BT 502.52 637.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 538.94 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 637.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (exiting ) Tj ET Q q 0 0 0 rg BT 80.37 625.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 100.18 625.10 Td (facility) Tj ET Q q 0 0 0 rg BT 127.85 625.10 Td (. ) Tj ET Q q 0 0 0 rg BT 132.94 625.10 Td ( ) Tj ET Q q 0 0 0 rg BT 135.34 625.10 Td (W) Tj ET Q q 0 0 0 rg BT 143.98 625.10 Td (e ) Tj ET Q q 0 0 0 rg BT 151.01 625.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 179.70 625.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.07 625.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 217.09 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.90 625.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 272.82 625.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 294.85 625.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 314.66 625.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 345.57 625.10 Td (this ) Tj ET Q q 0 0 0 rg BT 362.62 625.10 Td (year ) Tj ET Q q 0 0 0 rg BT 382.42 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.45 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.82 625.10 Td (future ) Tj ET Q q 0 0 0 rg BT 436.29 625.10 Td (years ) Tj ET Q q 0 0 0 rg BT 459.98 625.10 Td (although ) Tj ET Q q 0 0 0 rg BT 497.57 625.10 Td (our ) Tj ET Q q 0 0 0 rg BT 513.49 625.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 541.63 625.10 Td (to ) Tj ET Q q 0 0 0 rg BT 552.00 625.10 Td (do ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (so ) Tj ET Q q 0 0 0 rg BT 61.52 613.10 Td (is ) Tj ET Q q 0 0 0 rg BT 70.82 613.10 Td (not ) Tj ET Q q 0 0 0 rg BT 86.22 613.10 Td (certain. ) Tj ET Q q 0 0 0 rg BT 118.36 613.10 Td (The ) Tj ET Q q 0 0 0 rg BT 136.53 613.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 177.49 613.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 199.55 613.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 219.40 613.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 250.34 613.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 274.07 613.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 306.13 613.10 Td (at ) Tj ET Q q 0 0 0 rg BT 315.97 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.82 613.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 358.99 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.95 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.79 613.10 Td (Prime ) Tj ET Q q 0 0 0 rg BT 411.30 613.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 432.26 613.10 Td (\(3.5% ) Tj ET Q q 0 0 0 rg BT 459.04 613.10 Td (at ) Tj ET Q q 0 0 0 rg BT 468.89 613.10 Td (December ) Tj ET Q q 0 0 0 rg BT 512.60 613.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 527.73 613.10 Td (2015\) ) Tj ET Q q 0 0 0 rg BT 553.68 613.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (3.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.83 601.10 Td (. ) Tj ET Q q 0 0 0 rg BT 80.28 601.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.78 601.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 151.36 601.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.36 601.10 Td (, ) Tj ET Q q 0 0 0 rg BT 176.36 601.10 Td (we ) Tj ET Q q 0 0 0 rg BT 190.52 601.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.46 601.10 Td ($39.8 ) Tj ET Q q 0 0 0 rg BT 232.46 601.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.35 601.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.85 601.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 313.02 601.10 Td (under ) Tj ET Q q 0 0 0 rg BT 338.29 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.00 601.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 393.83 601.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 415.77 601.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 435.48 601.10 Td (facility) Tj ET Q q 0 0 0 rg BT 463.15 601.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 580.10 Td (As ) Tj ET Q q 0 0 0 rg BT 76.99 580.10 Td (part ) Tj ET Q q 0 0 0 rg BT 94.92 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.62 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.22 580.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 176.47 580.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 196.06 580.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.10 580.10 Td (our ) Tj ET Q q 0 0 0 rg BT 225.81 580.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 272.07 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.78 580.10 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 316.54 580.10 Td (at ) Tj ET Q q 0 0 0 rg BT 326.14 580.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 357.40 580.10 Td (on ) Tj ET Q q 0 0 0 rg BT 369.25 580.10 Td (April ) Tj ET Q q 0 0 0 rg BT 392.74 580.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 402.62 580.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 427.50 580.10 Td (we ) Tj ET Q q 0 0 0 rg BT 441.53 580.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 461.13 580.10 Td ($44.0 ) Tj ET Q q 0 0 0 rg BT 486.01 580.10 Td (million ) Tj ET Q q 0 0 0 rg BT 517.28 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 527.43 580.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 547.58 580.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.44 568.10 Td (779,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.94 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.39 568.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 139.82 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.60 568.10 Td (our ) Tj ET Q q 0 0 0 rg BT 166.37 568.10 Td (common ) Tj ET Q q 0 0 0 rg BT 203.81 568.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 227.36 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.58 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.24 568.10 Td (former ) Tj ET Q q 0 0 0 rg BT 281.89 568.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 313.23 568.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 340.66 568.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 372.55 568.10 Td (who ) Tj ET Q q 0 0 0 rg BT 392.21 568.10 Td (joined ) Tj ET Q q 0 0 0 rg BT 419.65 568.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 459.86 568.10 Td (Cogent. ) Tj ET Q q 0 0 0 rg BT 493.69 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 495.96 568.10 Td (T) Tj ET Q q 0 0 0 rg BT 501.37 568.10 Td (o ) Tj ET Q q 0 0 0 rg BT 508.81 568.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 529.58 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.24 568.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 81.68 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.80 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.80 556.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 164.46 556.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.69 556.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 228.35 556.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 253.64 556.10 Td (we ) Tj ET Q q 0 0 0 rg BT 268.09 556.10 Td (borrowed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.20 556.10 Td ($45.0 ) Tj ET Q q 0 0 0 rg BT 334.49 556.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.38 556.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.17 556.10 Td (in ) Tj ET Q q 0 0 0 rg BT 376.74 556.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 418.39 556.10 Td (under ) Tj ET Q q 0 0 0 rg BT 443.95 556.10 Td (two ) Tj ET Q q 0 0 0 rg BT 461.74 556.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 483.97 556.10 Td (term ) Tj ET Q q 0 0 0 rg BT 505.08 556.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 525.09 556.10 Td (facilities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (each ) Tj ET Q q 0 0 0 rg BT 70.84 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 81.15 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.90 544.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 128.42 544.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.28 544.10 Td ($22.5 ) Tj ET Q q 0 0 0 rg BT 164.31 544.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.20 544.10 Td (. ) Tj ET Q q 0 0 0 rg BT 198.23 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.57 544.10 Td (The ) Tj ET Q q 0 0 0 rg BT 218.65 544.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 255.06 544.10 Td (date ) Tj ET Q q 0 0 0 rg BT 274.24 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.10 544.10 Td (one ) Tj ET Q q 0 0 0 rg BT 302.06 544.10 Td (term ) Tj ET Q q 0 0 0 rg BT 322.92 544.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 342.66 544.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 373.51 544.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 544.10 Td (April30, ) Tj ET Q q 0 0 0 rg BT 420.79 544.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.79 544.10 Td (, ) Tj ET Q q 0 0 0 rg BT 445.82 544.10 Td (when ) Tj ET Q q 0 0 0 rg BT 470.01 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.75 544.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 522.82 544.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 555.34 544.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (due ) Tj ET Q q 0 0 0 rg BT 66.86 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 77.06 532.10 Td (full. ) Tj ET Q q 0 0 0 rg BT 95.87 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.12 532.10 Td (The ) Tj ET Q q 0 0 0 rg BT 116.08 532.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 152.39 532.10 Td (date ) Tj ET Q q 0 0 0 rg BT 171.47 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.22 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.86 532.10 Td (other ) Tj ET Q q 0 0 0 rg BT 219.83 532.10 Td (term ) Tj ET Q q 0 0 0 rg BT 240.57 532.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 260.21 532.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 290.95 532.10 Td (is ) Tj ET Q q 0 0 0 rg BT 299.51 532.10 Td (April ) Tj ET Q q 0 0 0 rg BT 323.04 532.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 337.96 532.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 362.88 532.10 Td (with ) Tj ET Q q 0 0 0 rg BT 383.08 532.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 421.05 532.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 469.56 532.10 Td (due ) Tj ET Q q 0 0 0 rg BT 486.42 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.62 532.10 Td (four ) Tj ET Q q 0 0 0 rg BT 515.71 532.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 539.78 532.10 Td (semi-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 78.37 520.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 128.42 520.10 Td (beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.13 520.10 Td (October31, ) Tj ET Q q 0 0 0 rg BT 219.06 520.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.06 520.10 Td (. ) Tj ET Q q 0 0 0 rg BT 243.15 520.10 Td (The ) Tj ET Q q 0 0 0 rg BT 260.42 520.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 281.57 520.10 Td (term ) Tj ET Q q 0 0 0 rg BT 301.62 520.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 320.55 520.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 356.70 520.10 Td (may ) Tj ET Q q 0 0 0 rg BT 375.63 520.10 Td (be ) Tj ET Q q 0 0 0 rg BT 386.79 520.10 Td (prepaid ) Tj ET Q q 0 0 0 rg BT 418.49 520.10 Td (without ) Tj ET Q q 0 0 0 rg BT 450.77 520.10 Td (penalty ) Tj ET Q q 0 0 0 rg BT 481.92 520.10 Td (but ) Tj ET Q q 0 0 0 rg BT 496.41 520.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 532.02 520.10 Td (prepaid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.26 508.10 Td (not ) Tj ET Q q 0 0 0 rg BT 84.08 508.10 Td (be ) Tj ET Q q 0 0 0 rg BT 95.57 508.10 Td (reborrowed. ) Tj ET Q q 0 0 0 rg BT 146.20 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 148.25 508.10 Td (During ) Tj ET Q q 0 0 0 rg BT 178.62 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.88 508.10 Td (second ) Tj ET Q q 0 0 0 rg BT 222.70 508.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 253.06 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.43 508.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 287.98 508.10 Td (we ) Tj ET Q q 0 0 0 rg BT 301.68 508.10 Td (repaid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.71 508.10 Td ($1) Tj ET Q q 0 0 0 rg BT 338.34 508.10 Td (1.3 ) Tj ET Q q 0 0 0 rg BT 352.89 508.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.78 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 386.32 508.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.70 508.10 Td (50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.03 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.07 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.45 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.71 508.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 473.75 508.10 Td (due ) Tj ET Q q 0 0 0 rg BT 490.23 508.10 Td (on ) Tj ET Q q 0 0 0 rg BT 501.83 508.10 Td (April ) Tj ET Q q 0 0 0 rg BT 524.98 508.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 539.52 508.10 Td (2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 496.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 496.10 Td (e ) Tj ET Q q 0 0 0 rg BT 64.58 496.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 92.18 496.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.46 496.10 Td (make ) Tj ET Q q 0 0 0 rg BT 124.62 496.10 Td (future ) Tj ET Q q 0 0 0 rg BT 150.00 496.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 185.93 496.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.76 496.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.48 496.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 257.65 496.10 Td (term ) Tj ET Q q 0 0 0 rg BT 277.48 496.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 296.20 496.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 346.03 496.10 Td (at ) Tj ET Q q 0 0 0 rg BT 354.75 496.10 Td (their ) Tj ET Q q 0 0 0 rg BT 374.58 496.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 416.07 496.10 Td (due ) Tj ET Q q 0 0 0 rg BT 432.01 496.10 Td (dates. ) Tj ET Q q 0 0 0 rg BT 456.45 496.10 Td (The ) Tj ET Q q 0 0 0 rg BT 473.50 496.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 504.44 496.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 520.93 496.10 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.25 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 72.93 484.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 93.84 484.10 Td (term ) Tj ET Q q 0 0 0 rg BT 113.63 484.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 132.32 484.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 163.78 484.10 Td (due ) Tj ET Q q 0 0 0 rg BT 179.69 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.61 484.10 Td (April ) Tj ET Q q 0 0 0 rg BT 211.19 484.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 232.66 484.10 Td (is ) Tj ET Q q 0 0 0 rg BT 240.80 484.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 263.92 484.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.17 484.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.85 484.10 Td (Prime ) Tj ET Q q 0 0 0 rg BT 312.21 484.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 332.00 484.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 350.14 484.10 Td (three-quarters ) Tj ET Q q 0 0 0 rg BT 407.13 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.93 484.10 Td (one ) Tj ET Q q 0 0 0 rg BT 432.84 484.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 463.73 484.10 Td (\(0.75%\) ) Tj ET Q q 0 0 0 rg BT 497.69 484.10 Td (per ) Tj ET Q q 0 0 0 rg BT 511.93 484.10 Td (annum.) Tj ET Q q 0 0 0 rg BT 546.46 484.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 472.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.65 472.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 98.86 472.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 138.28 472.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 181.59 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.58 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.02 472.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 227.68 472.10 Td (term ) Tj ET Q q 0 0 0 rg BT 248.22 472.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 267.66 472.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 298.20 472.10 Td (with ) Tj ET Q q 0 0 0 rg BT 318.20 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.63 472.10 Td (first ) Tj ET Q q 0 0 0 rg BT 350.96 472.10 Td (installment ) Tj ET Q q 0 0 0 rg BT 397.62 472.10 Td (due ) Tj ET Q q 0 0 0 rg BT 414.27 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.27 472.10 Td (October ) Tj ET Q q 0 0 0 rg BT 458.70 472.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 480.92 472.10 Td (is ) Tj ET Q q 0 0 0 rg BT 489.81 472.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 513.68 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.68 472.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.12 472.10 Td (Prime ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 67.06 460.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 85.81 460.10 Td (one ) Tj ET Q q 0 0 0 rg BT 102.33 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.84 460.10 Td (one-quarter ) Tj ET Q q 0 0 0 rg BT 167.00 460.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 198.51 460.10 Td (\(1.25%\) ) Tj ET Q q 0 0 0 rg BT 233.07 460.10 Td (per ) Tj ET Q q 0 0 0 rg BT 247.92 460.10 Td (annum.) Tj ET Q q 0 0 0 rg BT 279.96 460.10 Td (The ) Tj ET Q q 0 0 0 rg BT 297.58 460.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 329.09 460.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 346.15 460.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 389.32 460.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.18 460.10 Td (either ) Tj ET Q q 0 0 0 rg BT 424.02 460.10 Td (of ) Tj ET Q q 0 0 0 rg BT 434.43 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.72 460.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 470.24 460.10 Td (term ) Tj ET Q q 0 0 0 rg BT 490.64 460.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 509.93 460.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 546.44 460.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 448.10 Td (never ) Tj ET Q q 0 0 0 rg BT 74.71 448.10 Td (be ) Tj ET Q q 0 0 0 rg BT 86.65 448.10 Td (less ) Tj ET Q q 0 0 0 rg BT 104.15 448.10 Td (than ) Tj ET Q q 0 0 0 rg BT 123.86 448.10 Td (four ) Tj ET Q q 0 0 0 rg BT 143.02 448.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 174.95 448.10 Td (\(4.00%\) ) Tj ET Q q 0 0 0 rg BT 209.94 448.10 Td (per ) Tj ET Q q 0 0 0 rg BT 225.21 448.10 Td (annum. ) Tj ET Q q 0 0 0 rg BT 257.42 448.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 427.10 Td (Both ) Tj ET Q q 0 0 0 rg BT 85.95 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.18 427.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 142.51 427.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 164.95 427.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 185.17 427.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 216.50 427.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.94 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.16 427.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 271.61 427.10 Td (term ) Tj ET Q q 0 0 0 rg BT 292.94 427.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 313.16 427.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 350.59 427.10 Td (are ) Tj ET Q q 0 0 0 rg BT 365.81 427.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 399.35 427.10 Td (by ) Tj ET Q q 0 0 0 rg BT 412.35 427.10 Td (any ) Tj ET Q q 0 0 0 rg BT 429.80 427.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 450.57 427.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 496.35 427.10 Td (in ) Tj ET Q q 0 0 0 rg BT 507.14 427.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 538.46 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 427.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 415.10 Td (s ) Tj ET Q q 0 0 0 rg BT 97.72 415.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 143.76 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.71 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.09 415.10 Td (U.S.based ) Tj ET Q q 0 0 0 rg BT 213.30 415.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 252.67 415.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 287.05 415.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 313.93 415.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 333.86 415.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 386.03 415.10 Td (from ) Tj ET Q q 0 0 0 rg BT 407.63 415.10 Td (G&Co, ) Tj ET Q q 0 0 0 rg BT 438.96 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.57 415.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 492.17 415.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 510.43 415.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 553.67 415.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (G&Co. ) Tj ET Q q 0 0 0 rg BT 81.89 403.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.61 403.10 Td (In ) Tj ET Q q 0 0 0 rg BT 95.66 403.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 133.65 403.10 Td (each ) Tj ET Q q 0 0 0 rg BT 154.68 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.73 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.67 403.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 202.82 403.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 222.76 403.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 259.91 403.10 Td (have ) Tj ET Q q 0 0 0 rg BT 281.50 403.10 Td (a ) Tj ET Q q 0 0 0 rg BT 288.66 403.10 Td (prohibition ) Tj ET Q q 0 0 0 rg BT 335.82 403.10 Td (on ) Tj ET Q q 0 0 0 rg BT 348.54 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.48 403.10 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 408.39 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.44 403.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 462.15 403.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 516.52 403.10 Td (without ) Tj ET Q q 0 0 0 rg BT 549.79 403.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 391.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 71.74 391.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 109.03 391.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.66 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.18 391.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 165.36 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.10 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.62 391.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 237.81 391.10 Td (is ) Tj ET Q q 0 0 0 rg BT 246.78 391.10 Td (required ) Tj ET Q q 0 0 0 rg BT 282.40 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 292.48 391.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 324.78 391.10 Td (with ) Tj ET Q q 0 0 0 rg BT 344.86 391.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 374.36 391.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 411.64 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.38 391.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 464.58 391.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 506.87 391.10 Td (on ) Tj ET Q q 0 0 0 rg BT 519.17 391.10 Td (a ) Tj ET Q q 0 0 0 rg BT 525.91 391.10 Td (quarterly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 74.31 379.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.63 379.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 145.04 379.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.04 379.10 Td (, ) Tj ET Q q 0 0 0 rg BT 169.86 379.10 Td (we ) Tj ET Q q 0 0 0 rg BT 183.85 379.10 Td (were ) Tj ET Q q 0 0 0 rg BT 205.60 379.10 Td (compliant ) Tj ET Q q 0 0 0 rg BT 247.91 379.10 Td (with ) Tj ET Q q 0 0 0 rg BT 268.01 379.10 Td (all ) Tj ET Q q 0 0 0 rg BT 280.33 379.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 299.87 379.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 342.18 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.94 379.10 Td (we ) Tj ET Q q 0 0 0 rg BT 372.93 379.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 401.34 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.45 379.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 448.20 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.30 379.10 Td (be ) Tj ET Q q 0 0 0 rg BT 470.07 379.10 Td (compliant ) Tj ET Q q 0 0 0 rg BT 512.38 379.10 Td (with ) Tj ET Q q 0 0 0 rg BT 532.48 379.10 Td (all ) Tj ET Q q 0 0 0 rg BT 544.80 379.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 92.49 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.76 367.10 Td (future ) Tj ET Q q 0 0 0 rg BT 129.14 367.10 Td (periods. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 346.10 Td (As ) Tj ET Q q 0 0 0 rg BT 77.13 346.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 119.63 346.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 164.36 346.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 220.75 346.10 Td (for ) Tj ET Q q 0 0 0 rg BT 234.92 346.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.65 346.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 287.70 346.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.55 346.10 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 332.45 346.10 Td (we ) Tj ET Q q 0 0 0 rg BT 346.63 346.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 375.79 346.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.08 346.10 Td (pay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.03 346.10 Td ($18.9 ) Tj ET Q q 0 0 0 rg BT 428.05 346.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.94 346.10 Td ( ) Tj ET Q q 0 0 0 rg BT 459.45 346.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.75 346.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 490.03 346.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.98 346.10 Td (issue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.50 346.10 Td (334,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 346.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 77.62 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.57 334.10 Td (our ) Tj ET Q q 0 0 0 rg BT 104.53 334.10 Td (common ) Tj ET Q q 0 0 0 rg BT 142.15 334.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 165.88 334.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.29 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.13 334.10 Td (future ) Tj ET Q q 0 0 0 rg BT 217.63 334.10 Td (if ) Tj ET Q q 0 0 0 rg BT 226.37 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.21 334.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 273.82 334.10 Td (is ) Tj ET Q q 0 0 0 rg BT 283.12 334.10 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 323.78 334.10 Td ( ) Tj ET Q q 0 0 0 rg BT 326.21 334.10 Td (The ) Tj ET Q q 0 0 0 rg BT 344.39 334.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 364.78 334.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 401.84 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.90 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.75 334.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 470.25 334.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.21 334.10 Td (common ) Tj ET Q q 0 0 0 rg BT 518.83 334.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 546.44 334.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.42 322.10 Td (made ) Tj ET Q q 0 0 0 rg BT 87.06 322.10 Td (if ) Tj ET Q q 0 0 0 rg BT 96.15 322.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 136.90 322.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 168.76 322.10 Td (achieves ) Tj ET Q q 0 0 0 rg BT 206.17 322.10 Td (a ) Tj ET Q q 0 0 0 rg BT 213.59 322.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 248.22 322.10 Td (tar) Tj ET Q q 0 0 0 rg BT 258.59 322.10 Td (get ) Tj ET Q q 0 0 0 rg BT 273.79 322.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.10 322.10 Td ($80.0 ) Tj ET Q q 0 0 0 rg BT 310.58 322.10 Td (million ) Tj ET Q q 0 0 0 rg BT 342.45 322.10 Td (during ) Tj ET Q q 0 0 0 rg BT 371.54 322.10 Td (either ) Tj ET Q q 0 0 0 rg BT 397.29 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.49 322.10 Td (two ) Tj ET Q q 0 0 0 rg BT 430.47 322.10 Td (year ) Tj ET Q q 0 0 0 rg BT 450.66 322.10 Td (period ) Tj ET Q q 0 0 0 rg BT 479.19 322.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 506.05 322.10 Td (on ) Tj ET Q q 0 0 0 rg BT 519.03 322.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.23 322.10 Td (second ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 99.13 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.94 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.65 310.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 156.02 310.10 Td (\(April ) Tj ET Q q 0 0 0 rg BT 182.94 310.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 192.92 310.10 Td (2017\) ) Tj ET Q q 0 0 0 rg BT 218.74 310.10 Td (or ) Tj ET Q q 0 0 0 rg BT 229.55 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.25 310.10 Td (two ) Tj ET Q q 0 0 0 rg BT 261.74 310.10 Td (year ) Tj ET Q q 0 0 0 rg BT 281.43 310.10 Td (period ) Tj ET Q q 0 0 0 rg BT 309.46 310.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 339.16 310.10 Td (on ) Tj ET Q q 0 0 0 rg BT 351.65 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.35 310.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 393.27 310.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 442.40 310.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.21 310.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.92 310.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 499.29 310.10 Td (\(April ) Tj ET Q q 0 0 0 rg BT 526.21 310.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 536.19 310.10 Td (2019\). ) Tj ET Q q 0 0 0 rg BT 564.52 310.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.10 Td (If ) Tj ET Q q 0 0 0 rg BT 58.84 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.23 298.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 107.05 298.10 Td (tar) Tj ET Q q 0 0 0 rg BT 117.42 298.10 Td (get ) Tj ET Q q 0 0 0 rg BT 131.81 298.10 Td (is ) Tj ET Q q 0 0 0 rg BT 140.66 298.10 Td (achieved, ) Tj ET Q q 0 0 0 rg BT 180.87 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.26 298.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 239.65 298.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 295.70 298.10 Td (will ) Tj ET Q q 0 0 0 rg BT 313.43 298.10 Td (be ) Tj ET Q q 0 0 0 rg BT 325.05 298.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 344.44 298.10 Td (on ) Tj ET Q q 0 0 0 rg BT 356.62 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.01 298.10 Td (second ) Tj ET Q q 0 0 0 rg BT 400.96 298.10 Td (or ) Tj ET Q q 0 0 0 rg BT 411.46 298.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 438.08 298.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 486.90 298.10 Td (date ) Tj ET Q q 0 0 0 rg BT 505.73 298.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.24 298.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.63 298.10 Td (closing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.63 286.10 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 106.51 286.10 Td ( ) Tj ET Q q 0 0 0 rg BT 108.81 286.10 Td (If ) Tj ET Q q 0 0 0 rg BT 117.77 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.28 286.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 166.23 286.10 Td (tar) Tj ET Q q 0 0 0 rg BT 176.59 286.10 Td (get ) Tj ET Q q 0 0 0 rg BT 191.11 286.10 Td (is ) Tj ET Q q 0 0 0 rg BT 200.07 286.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 237.90 286.10 Td (during ) Tj ET Q q 0 0 0 rg BT 266.31 286.10 Td (both ) Tj ET Q q 0 0 0 rg BT 286.38 286.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 318.67 286.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 352.90 286.10 Td (only ) Tj ET Q q 0 0 0 rg BT 372.98 286.10 Td (one ) Tj ET Q q 0 0 0 rg BT 389.71 286.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 426.45 286.10 Td (will ) Tj ET Q q 0 0 0 rg BT 444.30 286.10 Td (be ) Tj ET Q q 0 0 0 rg BT 456.04 286.10 Td (made ) Tj ET Q q 0 0 0 rg BT 479.99 286.10 Td (at ) Tj ET Q q 0 0 0 rg BT 489.50 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.02 286.10 Td (end ) Tj ET Q q 0 0 0 rg BT 520.75 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.38 286.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.89 286.10 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 82.49 274.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 113.03 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.53 274.10 Td (If ) Tj ET Q q 0 0 0 rg BT 124.69 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.41 274.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 173.55 274.10 Td (tar) Tj ET Q q 0 0 0 rg BT 183.92 274.10 Td (get ) Tj ET Q q 0 0 0 rg BT 198.64 274.10 Td (is ) Tj ET Q q 0 0 0 rg BT 207.81 274.10 Td (not ) Tj ET Q q 0 0 0 rg BT 223.09 274.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 261.12 274.10 Td (during ) Tj ET Q q 0 0 0 rg BT 289.73 274.10 Td (either ) Tj ET Q q 0 0 0 rg BT 314.99 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.82 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.54 274.10 Td (two ) Tj ET Q q 0 0 0 rg BT 358.04 274.10 Td (year ) Tj ET Q q 0 0 0 rg BT 377.74 274.10 Td (earnout ) Tj ET Q q 0 0 0 rg BT 410.23 274.10 Td (periods, ) Tj ET Q q 0 0 0 rg BT 444.67 274.10 Td (a ) Tj ET Q q 0 0 0 rg BT 451.61 274.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 488.54 274.10 Td (will ) Tj ET Q q 0 0 0 rg BT 506.60 274.10 Td (not ) Tj ET Q q 0 0 0 rg BT 521.88 274.10 Td (be ) Tj ET Q q 0 0 0 rg BT 533.81 274.10 Td (made. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 253.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 110.06 253.10 Td (, ) Tj ET Q q 0 0 0 rg BT 114.55 253.10 Td (we ) Tj ET Q q 0 0 0 rg BT 128.19 253.10 Td (have ) Tj ET Q q 0 0 0 rg BT 149.05 253.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 189.90 253.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 234.09 253.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 269.95 253.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 300.82 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.14 253.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.34 253.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 345.11 253.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.53 253.10 Td (we ) Tj ET Q q 0 0 0 rg BT 375.17 253.10 Td (have ) Tj ET Q q 0 0 0 rg BT 396.03 253.10 Td (repatriated ) Tj ET Q q 0 0 0 rg BT 440.77 253.10 Td (a ) Tj ET Q q 0 0 0 rg BT 447.19 253.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 491.95 253.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 522.82 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.13 253.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 241.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 86.10 241.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.10 241.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 124.42 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.97 241.10 Td (local ) Tj ET Q q 0 0 0 rg BT 156.62 241.10 Td (working ) Tj ET Q q 0 0 0 rg BT 192.17 241.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 221.04 241.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 275.47 241.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.13 241.10 Td (other ) Tj ET Q q 0 0 0 rg BT 314.89 241.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 348.76 241.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 373.75 241.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.75 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.18 241.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 418.19 241.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.41 241.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 438.18 241.10 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 486.49 241.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.04 241.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 528.14 241.10 Td (earnings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.10 Td (had ) Tj ET Q q 0 0 0 rg BT 66.77 229.10 Td (not ) Tj ET Q q 0 0 0 rg BT 81.87 229.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 115.85 229.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.96 229.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 175.48 229.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 195.59 229.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 218.46 229.10 Td (because ) Tj ET Q q 0 0 0 rg BT 252.44 229.10 Td (we ) Tj ET Q q 0 0 0 rg BT 266.42 229.10 Td (had ) Tj ET Q q 0 0 0 rg BT 283.19 229.10 Td (been ) Tj ET Q q 0 0 0 rg BT 304.39 229.10 Td (able ) Tj ET Q q 0 0 0 rg BT 323.37 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.48 229.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 360.80 229.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 389.22 229.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 420.42 229.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 434.97 229.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 463.95 229.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 505.14 229.10 Td (by ) Tj ET Q q 0 0 0 rg BT 517.47 229.10 Td (our ) Tj ET Q q 0 0 0 rg BT 533.12 229.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.56 217.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.25 217.10 Td (of) Tj ET Q q 0 0 0 rg BT 113.40 217.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 130.74 217.10 Td (any ) Tj ET Q q 0 0 0 rg BT 148.09 217.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 198.19 217.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 218.88 217.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 234.00 217.10 Td (burden. ) Tj ET Q q 0 0 0 rg BT 267.18 217.10 Td (However) Tj ET Q q 0 0 0 rg BT 303.43 217.10 Td (, ) Tj ET Q q 0 0 0 rg BT 308.84 217.10 Td (during ) Tj ET Q q 0 0 0 rg BT 337.85 217.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 363.26 217.10 Td (we ) Tj ET Q q 0 0 0 rg BT 377.83 217.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 410.72 217.10 Td (most ) Tj ET Q q 0 0 0 rg BT 433.08 217.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.31 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.44 217.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 488.44 217.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 520.23 217.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 535.35 217.10 Td (credits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (available ) Tj ET Q q 0 0 0 rg BT 88.93 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.54 205.10 Td (us ) Tj ET Q q 0 0 0 rg BT 111.27 205.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 131.05 205.10 Td (as ) Tj ET Q q 0 0 0 rg BT 142.22 205.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.50 205.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 177.05 205.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 231.54 205.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.16 205.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 265.00 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.27 205.10 Td (going ) Tj ET Q q 0 0 0 rg BT 307.89 205.10 Td (forward, ) Tj ET Q q 0 0 0 rg BT 344.88 205.10 Td (if ) Tj ET Q q 0 0 0 rg BT 353.82 205.10 Td (we ) Tj ET Q q 0 0 0 rg BT 368.32 205.10 Td (were ) Tj ET Q q 0 0 0 rg BT 390.59 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 401.21 205.10 Td (repatriate ) Tj ET Q q 0 0 0 rg BT 441.79 205.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 473.51 205.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 510.22 205.10 Td (we ) Tj ET Q q 0 0 0 rg BT 524.72 205.10 Td (would ) Tj ET Q q 0 0 0 rg BT 552.56 205.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.83 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.12 193.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 140.83 193.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 161.12 193.10 Td (tax. ) Tj ET Q q 0 0 0 rg BT 178.35 193.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.86 193.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 200.03 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.32 193.10 Td (this ) Tj ET Q q 0 0 0 rg BT 227.28 193.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 264.78 193.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 314.48 193.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 329.21 193.10 Td (burden, ) Tj ET Q q 0 0 0 rg BT 361.99 193.10 Td (we ) Tj ET Q q 0 0 0 rg BT 376.16 193.10 Td (did ) Tj ET Q q 0 0 0 rg BT 391.45 193.10 Td (not ) Tj ET Q q 0 0 0 rg BT 406.73 193.10 Td (repatriate ) Tj ET Q q 0 0 0 rg BT 446.99 193.10 Td (any ) Tj ET Q q 0 0 0 rg BT 463.94 193.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 495.33 193.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 531.71 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 542.00 193.10 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.05 181.10 Td (it ) Tj ET Q q 0 0 0 rg BT 73.22 181.10 Td (is ) Tj ET Q q 0 0 0 rg BT 81.50 181.10 Td (our ) Tj ET Q q 0 0 0 rg BT 96.45 181.10 Td (intention ) Tj ET Q q 0 0 0 rg BT 133.61 181.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.00 181.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 167.38 181.10 Td (our ) Tj ET Q q 0 0 0 rg BT 182.32 181.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 212.81 181.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 248.30 181.10 Td (of) Tj ET Q q 0 0 0 rg BT 256.45 181.10 Td (fshore ) Tj ET Q q 0 0 0 rg BT 283.05 181.10 Td (indefinitely ) Tj ET Q q 0 0 0 rg BT 330.76 181.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.16 181.10 Td (reinvest ) Tj ET Q q 0 0 0 rg BT 373.42 181.10 Td (in ) Tj ET Q q 0 0 0 rg BT 382.81 181.10 Td (our ) Tj ET Q q 0 0 0 rg BT 397.76 181.10 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 435.48 181.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 478.75 181.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 505.36 181.10 Td (circumstances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (change. ) Tj ET Q q 0 0 0 rg BT 83.56 169.10 Td (T) Tj ET Q q 0 0 0 rg BT 88.97 169.10 Td (o ) Tj ET Q q 0 0 0 rg BT 96.92 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.10 169.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 139.48 169.10 Td (we ) Tj ET Q q 0 0 0 rg BT 154.10 169.10 Td (need ) Tj ET Q q 0 0 0 rg BT 175.93 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.67 169.10 Td (support ) Tj ET Q q 0 0 0 rg BT 219.62 169.10 Td (our ) Tj ET Q q 0 0 0 rg BT 235.91 169.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 276.62 169.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 297.34 169.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 323.07 169.10 Td (in ) Tj ET Q q 0 0 0 rg BT 333.80 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.97 169.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 369.71 169.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 402.10 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.28 169.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 462.43 169.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.72 169.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 494.44 169.10 Td (domestically) Tj ET Q q 0 0 0 rg BT 544.89 169.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.35 169.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.59 157.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 96.95 157.10 Td (our ) Tj ET Q q 0 0 0 rg BT 112.65 157.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 153.34 157.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 175.15 157.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 194.74 157.10 Td (facility) Tj ET Q q 0 0 0 rg BT 222.41 157.10 Td (, ) Tj ET Q q 0 0 0 rg BT 227.28 157.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 247.41 157.10 Td (an ) Tj ET Q q 0 0 0 rg BT 259.22 157.10 Td (expansion ) Tj ET Q q 0 0 0 rg BT 302.14 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.84 157.10 Td (such ) Tj ET Q q 0 0 0 rg BT 333.54 157.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 364.23 157.10 Td (or ) Tj ET Q q 0 0 0 rg BT 374.93 157.10 Td (seek ) Tj ET Q q 0 0 0 rg BT 395.07 157.10 Td (other ) Tj ET Q q 0 0 0 rg BT 417.98 157.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 437.57 157.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 477.70 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.85 157.10 Td (lieu ) Tj ET Q q 0 0 0 rg BT 505.21 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.91 157.10 Td (repatriation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.78 145.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 90.12 145.10 Td (earnings. ) Tj ET Q q 0 0 0 rg BT 127.95 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.40 145.10 Td (In ) Tj ET Q q 0 0 0 rg BT 139.18 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.86 145.10 Td (event ) Tj ET Q q 0 0 0 rg BT 175.96 145.10 Td (we ) Tj ET Q q 0 0 0 rg BT 189.08 145.10 Td (are ) Tj ET Q q 0 0 0 rg BT 202.74 145.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 230.85 145.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.08 145.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 260.97 145.10 Td (our ) Tj ET Q q 0 0 0 rg BT 275.75 145.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 294.99 145.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 314.21 145.10 Td (needs ) Tj ET Q q 0 0 0 rg BT 338.44 145.10 Td (with ) Tj ET Q q 0 0 0 rg BT 357.67 145.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 376.89 145.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 417.21 145.10 Td (domestically) Tj ET Q q 0 0 0 rg BT 467.66 145.10 Td (, ) Tj ET Q q 0 0 0 rg BT 471.61 145.10 Td (or ) Tj ET Q q 0 0 0 rg BT 481.40 145.10 Td (through ) Tj ET Q q 0 0 0 rg BT 513.96 145.10 Td (borrowings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 133.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.15 133.10 Td (could ) Tj ET Q q 0 0 0 rg BT 88.87 133.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 111.91 133.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 154.39 133.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 174.67 133.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 189.38 133.10 Td (on ) Tj ET Q q 0 0 0 rg BT 201.87 133.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 238.25 133.10 Td (repatriated ) Tj ET Q q 0 0 0 rg BT 283.50 133.10 Td (for ) Tj ET Q q 0 0 0 rg BT 297.65 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.36 133.10 Td (dif) Tj ET Q q 0 0 0 rg BT 323.29 133.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 355.20 133.10 Td (between ) Tj ET Q q 0 0 0 rg BT 391.01 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.72 133.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 426.00 133.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 440.71 133.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 458.19 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.01 133.10 Td (35% ) Tj ET Q q 0 0 0 rg BT 489.83 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.77 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.48 133.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 538.96 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 133.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 69.10 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 78.77 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.87 121.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 123.64 121.10 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 177.47 121.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 224.03 121.10 Td (, ) Tj ET Q q 0 0 0 rg BT 228.42 121.10 Td (we ) Tj ET Q q 0 0 0 rg BT 241.97 121.10 Td (have ) Tj ET Q q 0 0 0 rg BT 262.73 121.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 303.48 121.10 Td (a ) Tj ET Q q 0 0 0 rg BT 309.80 121.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 354.47 121.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 385.24 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.46 121.10 Td (our ) Tj ET Q q 0 0 0 rg BT 410.67 121.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 441.44 121.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 477.20 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.87 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 500.97 121.10 Td (U.K., ) Tj ET Q q 0 0 0 rg BT 524.80 121.10 Td (Germany ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.39 109.10 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 108.04 109.10 Td (which ) Tj ET Q q 0 0 0 rg BT 134.98 109.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 173.57 109.10 Td (are ) Tj ET Q q 0 0 0 rg BT 188.28 109.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 219.11 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.38 109.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 244.10 109.10 Td (at ) Tj ET Q q 0 0 0 rg BT 253.82 109.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 275.20 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.03 109.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.28 109.10 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.61 109.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.61 109.10 Td (32%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.94 109.10 Td (, ) Tj ET Q q 0 0 0 rg BT 392.94 109.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.88 109.10 Td (30%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.21 109.10 Td (, ) Tj ET Q q 0 0 0 rg BT 433.21 109.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 480.87 109.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 85.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 97.30 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.11 85.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 130.24 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.16 85.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.08 85.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 196.86 85.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 231.67 85.10 Td (business ) Tj ET Q q 0 0 0 rg BT 268.15 85.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.51 85.10 Td (2009, ) Tj ET Q q 0 0 0 rg BT 303.60 85.10 Td (we ) Tj ET Q q 0 0 0 rg BT 317.85 85.10 Td (have ) Tj ET Q q 0 0 0 rg BT 339.31 85.10 Td (monetized ) Tj ET Q q 0 0 0 rg BT 383.55 85.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 436.69 85.10 Td (all ) Tj ET Q q 0 0 0 rg BT 449.27 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.18 85.10 Td (our ) Tj ET Q q 0 0 0 rg BT 476.10 85.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 514.23 85.10 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.52 73.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.60 73.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 116.55 73.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 151.51 73.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 172.59 73.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 223.10 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.29 73.10 Td (used ) Tj ET Q q 0 0 0 rg BT 261.36 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.33 73.10 Td (net ) Tj ET Q q 0 0 0 rg BT 291.29 73.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 329.57 73.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 375.64 73.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.16 73.10 Td (make ) Tj ET Q q 0 0 0 rg BT 410.56 73.10 Td (open ) Tj ET Q q 0 0 0 rg BT 432.75 73.10 Td (market ) Tj ET Q q 0 0 0 rg BT 463.26 73.10 Td (share ) Tj ET Q q 0 0 0 rg BT 487.10 73.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 537.04 73.10 Td (and ) Tj ET Q q 0 0 0 rg BT 554.23 73.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 61.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 78.58 61.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 126.07 61.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 174.67 61.10 Td (on ) Tj ET Q q 0 0 0 rg BT 186.61 61.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.77 61.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 241.03 61.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 262.41 61.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 281.56 61.10 Td (facility) Tj ET Q q 0 0 0 rg BT 309.23 61.10 Td (. ) Tj ET Q q 0 0 0 rg BT 313.24 61.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.18 61.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 383.20 61.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.20 61.10 Td (, ) Tj ET Q q 0 0 0 rg BT 407.64 61.10 Td (our ) Tj ET Q q 0 0 0 rg BT 422.90 61.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 465.38 61.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 515.09 61.10 Td (in ) Tj ET Q q 0 0 0 rg BT 524.81 61.10 Td (merchant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 49.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 83.50 49.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 103.12 49.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 152.18 49.10 Td (were ) Tj ET Q q 0 0 0 rg BT 172.89 49.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 200.83 49.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.33 49.10 Td ($3.6 ) Tj ET Q q 0 0 0 rg BT 228.12 49.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.01 49.10 Td (. ) Tj ET Q q 0 0 0 rg BT 260.80 49.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 295.40 49.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 333.89 49.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 367.39 49.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 390.90 49.10 Td (typically ) Tj ET Q q 0 0 0 rg BT 427.17 49.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 452.34 49.10 Td (in ) Tj ET Q q 0 0 0 rg BT 461.41 49.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 498.24 49.10 Td (held ) Tj ET Q q 0 0 0 rg BT 516.74 49.10 Td (companies, ) Tj ET Q endstream endobj 73 0 obj <> endobj 74 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.58 742.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 92.50 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.19 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.77 742.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 157.33 742.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 191.91 742.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 216.50 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.64 742.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 242.89 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 253.58 742.10 Td (dispose ) Tj ET Q q 0 0 0 rg BT 285.95 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.64 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.22 742.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 351.35 742.10 Td (they ) Tj ET Q q 0 0 0 rg BT 370.93 742.10 Td (own ) Tj ET Q q 0 0 0 rg BT 390.51 742.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 425.64 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 438.01 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 444.81 742.10 Td (number ) Tj ET Q q 0 0 0 rg BT 477.72 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.41 742.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 517.98 742.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 549.79 742.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (control ) Tj ET Q q 0 0 0 rg BT 81.97 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.94 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.79 730.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 138.15 730.10 Td (including ) Tj ET Q q 0 0 0 rg BT 179.57 730.10 Td (general ) Tj ET Q q 0 0 0 rg BT 212.63 730.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 255.14 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.22 730.10 Td (sector ) Tj ET Q q 0 0 0 rg BT 300.74 730.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 348.54 730.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 373.29 730.10 Td (market ) Tj ET Q q 0 0 0 rg BT 404.70 730.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 452.50 730.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 501.69 730.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 531.71 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 97.19 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.71 718.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 147.68 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.66 718.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 194.85 718.10 Td (buyers ) Tj ET Q q 0 0 0 rg BT 223.71 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.24 718.10 Td (such ) Tj ET Q q 0 0 0 rg BT 254.77 718.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 297.23 718.10 Td (among ) Tj ET Q q 0 0 0 rg BT 326.65 718.10 Td (other ) Tj ET Q q 0 0 0 rg BT 349.39 718.10 Td (issues. ) Tj ET Q q 0 0 0 rg BT 377.50 718.10 Td (As ) Tj ET Q q 0 0 0 rg BT 390.81 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 397.45 718.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 424.37 718.10 Td (we ) Tj ET Q q 0 0 0 rg BT 438.23 718.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 474.30 718.10 Td (our ) Tj ET Q q 0 0 0 rg BT 489.83 718.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 539.81 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.78 718.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 89.83 706.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 124.68 706.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 149.53 706.10 Td (illiquid ) Tj ET Q q 0 0 0 rg BT 181.05 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 195.33 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.18 706.10 Td (short ) Tj ET Q q 0 0 0 rg BT 232.81 706.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 255.68 706.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.31 706.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 327.02 706.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.02 706.10 Td (, ) Tj ET Q q 0 0 0 rg BT 352.15 706.10 Td (we ) Tj ET Q q 0 0 0 rg BT 366.44 706.10 Td (do ) Tj ET Q q 0 0 0 rg BT 379.07 706.10 Td (not ) Tj ET Q q 0 0 0 rg BT 394.47 706.10 Td (have ) Tj ET Q q 0 0 0 rg BT 415.98 706.10 Td (any ) Tj ET Q q 0 0 0 rg BT 433.05 706.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 476.22 706.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 533.28 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 543.69 706.10 Td (fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.15 694.10 Td (calls ) Tj ET Q q 0 0 0 rg BT 99.98 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 114.14 694.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 152.18 694.10 Td (investments, ) Tj ET Q q 0 0 0 rg BT 204.95 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.89 694.10 Td (we ) Tj ET Q q 0 0 0 rg BT 236.05 694.10 Td (do ) Tj ET Q q 0 0 0 rg BT 248.55 694.10 Td (not ) Tj ET Q q 0 0 0 rg BT 263.83 694.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 291.32 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.60 694.10 Td (make ) Tj ET Q q 0 0 0 rg BT 325.76 694.10 Td (any ) Tj ET Q q 0 0 0 rg BT 342.70 694.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 380.74 694.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 431.01 694.10 Td (going ) Tj ET Q q 0 0 0 rg BT 456.29 694.10 Td (forward.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 673.10 Td (For ) Tj ET Q q 0 0 0 rg BT 77.84 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.01 673.10 Td (year ) Tj ET Q q 0 0 0 rg BT 111.17 673.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.00 673.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 195.04 673.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.04 673.10 Td (, ) Tj ET Q q 0 0 0 rg BT 219.49 673.10 Td (our ) Tj ET Q q 0 0 0 rg BT 234.77 673.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 261.16 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.44 673.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 310.60 673.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 354.76 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.93 673.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 414.18 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.47 673.10 Td (up ) Tj ET Q q 0 0 0 rg BT 436.42 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.15 673.10 Td ($75.0 ) Tj ET Q q 0 0 0 rg BT 470.60 673.10 Td (million ) Tj ET Q q 0 0 0 rg BT 501.45 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.73 673.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.01 673.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 76.16 661.10 Td (During ) Tj ET Q q 0 0 0 rg BT 107.05 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.82 661.10 Td (year ) Tj ET Q q 0 0 0 rg BT 141.59 661.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.02 661.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 226.66 661.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.66 661.10 Td (, ) Tj ET Q q 0 0 0 rg BT 251.72 661.10 Td (we ) Tj ET Q q 0 0 0 rg BT 265.93 661.10 Td (were ) Tj ET Q q 0 0 0 rg BT 287.92 661.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 321.57 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.90 661.10 Td (have ) Tj ET Q q 0 0 0 rg BT 353.33 661.10 Td (repurchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.20 661.10 Td (341,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.70 661.10 Td ( ) Tj ET Q q 0 0 0 rg BT 439.25 661.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 466.80 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.69 661.10 Td (our ) Tj ET Q q 0 0 0 rg BT 493.57 661.10 Td (common ) Tj ET Q q 0 0 0 rg BT 531.12 661.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 554.79 661.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.72 649.10 Td (average ) Tj ET Q q 0 0 0 rg BT 95.09 649.10 Td (price ) Tj ET Q q 0 0 0 rg BT 117.36 649.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.97 649.10 Td ($34.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.47 649.10 Td ( ) Tj ET Q q 0 0 0 rg BT 157.76 649.10 Td (per ) Tj ET Q q 0 0 0 rg BT 172.81 649.10 Td (share ) Tj ET Q q 0 0 0 rg BT 196.19 649.10 Td (\(for ) Tj ET Q q 0 0 0 rg BT 213.47 649.10 Td (a ) Tj ET Q q 0 0 0 rg BT 220.19 649.10 Td (total ) Tj ET Q q 0 0 0 rg BT 240.25 649.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 258.64 649.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.26 649.10 Td ($1) Tj ET Q q 0 0 0 rg BT 278.88 649.10 Td (1.9 ) Tj ET Q q 0 0 0 rg BT 293.67 649.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.56 649.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 328.17 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.24 649.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 387.73 649.10 Td (with ) Tj ET Q q 0 0 0 rg BT 407.80 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.30 649.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 459.01 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.63 649.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 484.13 649.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 523.63 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.69 649.10 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.25 637.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 85.27 637.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 125.39 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.08 637.10 Td (our ) Tj ET Q q 0 0 0 rg BT 152.32 637.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 198.00 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.70 637.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 252.71 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.96 637.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 304.07 637.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 328.10 637.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 352.75 637.10 Td (W) Tj ET Q q 0 0 0 rg BT 361.39 637.10 Td (e ) Tj ET Q q 0 0 0 rg BT 368.74 637.10 Td (did ) Tj ET Q q 0 0 0 rg BT 384.43 637.10 Td (not ) Tj ET Q q 0 0 0 rg BT 400.13 637.10 Td (make ) Tj ET Q q 0 0 0 rg BT 424.70 637.10 Td (any ) Tj ET Q q 0 0 0 rg BT 442.05 637.10 Td (open ) Tj ET Q q 0 0 0 rg BT 464.40 637.10 Td (market ) Tj ET Q q 0 0 0 rg BT 495.08 637.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 537.43 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.67 637.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (common ) Tj ET Q q 0 0 0 rg BT 87.50 625.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.10 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 121.38 625.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 146.38 625.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 604.10 Td (In ) Tj ET Q q 0 0 0 rg BT 72.99 604.10 Td (January ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.75 604.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.75 604.10 Td (, ) Tj ET Q q 0 0 0 rg BT 131.90 604.10 Td (our ) Tj ET Q q 0 0 0 rg BT 147.89 604.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 174.99 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.98 604.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 225.85 604.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 270.71 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.58 604.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 331.55 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.53 604.10 Td (up ) Tj ET Q q 0 0 0 rg BT 355.19 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.63 604.10 Td ($75.0 ) Tj ET Q q 0 0 0 rg BT 390.79 604.10 Td (million ) Tj ET Q q 0 0 0 rg BT 422.34 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.33 604.10 Td (our ) Tj ET Q q 0 0 0 rg BT 449.32 604.10 Td (common ) Tj ET Q q 0 0 0 rg BT 486.97 604.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 510.74 604.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 604.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 604.10 Td (. ) Tj ET Q q 0 0 0 rg BT 564.50 604.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.01 592.10 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.79 592.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.79 592.10 Td (, ) Tj ET Q q 0 0 0 rg BT 124.98 592.10 Td (we ) Tj ET Q q 0 0 0 rg BT 139.32 592.10 Td (were ) Tj ET Q q 0 0 0 rg BT 161.43 592.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 195.21 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 205.67 592.10 Td (have ) Tj ET Q q 0 0 0 rg BT 227.23 592.10 Td (repurchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.22 592.10 Td (303,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.72 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 313.40 592.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 341.08 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.09 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 368.10 592.10 Td (common ) Tj ET Q q 0 0 0 rg BT 405.78 592.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 429.57 592.10 Td (at ) Tj ET Q q 0 0 0 rg BT 439.47 592.10 Td (an ) Tj ET Q q 0 0 0 rg BT 451.59 592.10 Td (average ) Tj ET Q q 0 0 0 rg BT 485.36 592.10 Td (price ) Tj ET Q q 0 0 0 rg BT 508.03 592.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.04 592.10 Td ($25.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.54 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 549.23 592.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (share ) Tj ET Q q 0 0 0 rg BT 72.65 580.10 Td (\(for ) Tj ET Q q 0 0 0 rg BT 89.20 580.10 Td (a ) Tj ET Q q 0 0 0 rg BT 95.19 580.10 Td (total ) Tj ET Q q 0 0 0 rg BT 114.52 580.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 132.19 580.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.07 580.10 Td ($7.7 ) Tj ET Q q 0 0 0 rg BT 161.13 580.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.02 580.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 194.90 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 204.24 580.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 253.00 580.10 Td (with ) Tj ET Q q 0 0 0 rg BT 272.34 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.11 580.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 322.10 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.98 580.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 345.75 580.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 384.53 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.86 580.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 423.73 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.62 580.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 456.28 580.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 495.04 580.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.37 580.10 Td (our ) Tj ET Q q 0 0 0 rg BT 519.26 580.10 Td (employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.86 568.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 105.03 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.44 568.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 156.72 568.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 180.91 568.10 Td (units ) Tj ET Q q 0 0 0 rg BT 203.43 568.10 Td (that ) Tj ET Q q 0 0 0 rg BT 221.50 568.10 Td (vested. ) Tj ET Q q 0 0 0 rg BT 252.41 568.10 Td (While ) Tj ET Q q 0 0 0 rg BT 279.92 568.10 Td (we ) Tj ET Q q 0 0 0 rg BT 294.66 568.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 323.83 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.68 568.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 356.09 568.10 Td (future ) Tj ET Q q 0 0 0 rg BT 383.04 568.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 433.32 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.73 568.10 Td (common ) Tj ET Q q 0 0 0 rg BT 482.80 568.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 510.87 568.10 Td (\(if ) Tj ET Q q 0 0 0 rg BT 523.38 568.10 Td (any\) ) Tj ET Q q 0 0 0 rg BT 544.23 568.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 89.71 556.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 109.43 556.10 Td (flow) Tj ET Q q 0 0 0 rg BT 127.11 556.10 Td (, ) Tj ET Q q 0 0 0 rg BT 131.55 556.10 Td (we ) Tj ET Q q 0 0 0 rg BT 145.16 556.10 Td (are ) Tj ET Q q 0 0 0 rg BT 159.32 556.10 Td (unable ) Tj ET Q q 0 0 0 rg BT 187.92 556.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.64 556.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 227.36 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.52 556.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 269.58 556.10 Td (or ) Tj ET Q q 0 0 0 rg BT 279.86 556.10 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 324.02 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.29 556.10 Td (our ) Tj ET Q q 0 0 0 rg BT 349.57 556.10 Td (share ) Tj ET Q q 0 0 0 rg BT 372.62 556.10 Td (repurchases. ) Tj ET Q q 0 0 0 rg BT 424.26 556.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 452.32 556.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 501.46 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.74 556.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.02 556.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.76 544.10 Td (will ) Tj ET Q q 0 0 0 rg BT 91.96 544.10 Td (be ) Tj ET Q q 0 0 0 rg BT 104.05 544.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 147.79 544.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 170.44 544.10 Td (our ) Tj ET Q q 0 0 0 rg BT 186.42 544.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 206.84 544.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 227.82 544.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 272.67 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.76 544.10 Td (take ) Tj ET Q q 0 0 0 rg BT 309.06 544.10 Td (into ) Tj ET Q q 0 0 0 rg BT 327.27 544.10 Td (account ) Tj ET Q q 0 0 0 rg BT 361.01 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.87 544.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 412.96 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.94 544.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 467.97 544.10 Td (repayments ) Tj ET Q q 0 0 0 rg BT 516.71 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 527.69 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.56 544.10 Td (bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (term ) Tj ET Q q 0 0 0 rg BT 70.60 532.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 90.08 532.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 129.28 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.88 532.10 Td (which ) Tj ET Q q 0 0 0 rg BT 166.59 532.10 Td (at ) Tj ET Q q 0 0 0 rg BT 176.08 532.10 Td (least ) Tj ET Q q 0 0 0 rg BT 196.67 532.10 Td ($17.0 ) Tj ET Q q 0 0 0 rg BT 221.45 532.10 Td (million ) Tj ET Q q 0 0 0 rg BT 252.61 532.10 Td (is ) Tj ET Q q 0 0 0 rg BT 261.55 532.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 303.80 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 313.85 532.10 Td (be ) Tj ET Q q 0 0 0 rg BT 325.56 532.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 352.82 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 362.87 532.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 387.64 532.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 424.90 532.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 471.61 532.10 Td (under ) Tj ET Q q 0 0 0 rg BT 496.65 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.14 532.10 Td (Earnout, ) Tj ET Q q 0 0 0 rg BT 547.56 532.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (other ) Tj ET Q q 0 0 0 rg BT 73.05 520.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 107.75 520.10 Td (factors.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 499.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 90.11 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.45 499.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 130.79 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.24 499.10 Td (our ) Tj ET Q q 0 0 0 rg BT 158.70 499.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 182.93 499.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 211.05 499.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 233.88 499.10 Td (we ) Tj ET Q q 0 0 0 rg BT 248.67 499.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 288.99 499.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 335.42 499.10 Td (from ) Tj ET Q q 0 0 0 rg BT 357.98 499.10 Td (our ) Tj ET Q q 0 0 0 rg BT 374.43 499.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 420.32 499.10 Td (that ) Tj ET Q q 0 0 0 rg BT 438.44 499.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 470.45 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.90 499.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 522.22 499.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 546.46 499.10 Td (unit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 81.46 487.10 Td (used ) Tj ET Q q 0 0 0 rg BT 102.93 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.85 487.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 135.32 487.10 Td (income ) Tj ET Q q 0 0 0 rg BT 167.89 487.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 183.25 487.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 234.72 487.10 Td (due ) Tj ET Q q 0 0 0 rg BT 252.30 487.10 Td (at ) Tj ET Q q 0 0 0 rg BT 262.66 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.01 487.10 Td (time ) Tj ET Q q 0 0 0 rg BT 298.93 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 314.28 487.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 354.62 487.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 378.87 487.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 397.57 487.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 429.03 487.10 Td (vest. ) Tj ET Q q 0 0 0 rg BT 450.78 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.92 487.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 481.49 487.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 504.63 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.99 487.10 Td (number ) Tj ET Q q 0 0 0 rg BT 553.68 487.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 90.60 475.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 115.11 475.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 134.07 475.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 161.91 475.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 211.98 475.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.59 475.10 Td (February15, ) Tj ET Q q 0 0 0 rg BT 277.09 475.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.09 475.10 Td ( ) Tj ET Q q 0 0 0 rg BT 300.49 475.10 Td (, ) Tj ET Q q 0 0 0 rg BT 306.39 475.10 Td (we ) Tj ET Q q 0 0 0 rg BT 321.46 475.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 350.95 475.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.13 475.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 383.86 475.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 434.46 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.19 475.10 Td (our ) Tj ET Q q 0 0 0 rg BT 462.92 475.10 Td (common ) Tj ET Q q 0 0 0 rg BT 501.32 475.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 525.83 475.10 Td (from ) Tj ET Q q 0 0 0 rg BT 548.66 475.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 95.17 463.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.35 463.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 154.96 463.10 Td (with ) Tj ET Q q 0 0 0 rg BT 175.14 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.76 463.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 209.93 463.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 253.43 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.17 463.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 278.78 463.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 318.40 463.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 354.12 463.10 Td (on ) Tj ET Q q 0 0 0 rg BT 366.52 463.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 397.81 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.54 463.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 448.15 463.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 471.66 463.10 Td (units ) Tj ET Q q 0 0 0 rg BT 493.51 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.24 463.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td ($45.2 ) Tj ET Q q 0 0 0 rg BT 75.92 451.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.81 451.10 Td ( ) Tj ET Q q 0 0 0 rg BT 108.24 451.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 123.32 451.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 167.27 451.10 Td (based ) Tj ET Q q 0 0 0 rg BT 193.46 451.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 216.88 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.52 451.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 264.83 451.10 Td (share ) Tj ET Q q 0 0 0 rg BT 289.35 451.10 Td (price ) Tj ET Q q 0 0 0 rg BT 312.75 451.10 Td (as ) Tj ET Q q 0 0 0 rg BT 324.51 451.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.26 451.10 Td (February ) Tj ET Q q 0 0 0 rg BT 375.78 451.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 391.70 451.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.70 451.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.12 451.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.87 451.10 Td ($22.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.37 451.10 Td ( ) Tj ET Q q 0 0 0 rg BT 457.80 451.10 Td (per ) Tj ET Q q 0 0 0 rg BT 473.99 451.10 Td (share ) Tj ET Q q 0 0 0 rg BT 498.51 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.37 451.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 557.57 451.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 100.97 439.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 115.82 439.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 133.44 439.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.41 439.10 Td (41%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.74 439.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.38 439.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 208.01 439.10 Td (with ) Tj ET Q q 0 0 0 rg BT 228.42 439.10 Td (our ) Tj ET Q q 0 0 0 rg BT 244.39 439.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 271.45 439.10 Td (experience\) ) Tj ET Q q 0 0 0 rg BT 320.71 439.10 Td (over ) Tj ET Q q 0 0 0 rg BT 341.12 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.97 439.10 Td (next ) Tj ET Q q 0 0 0 rg BT 375.82 439.10 Td (five ) Tj ET Q q 0 0 0 rg BT 394.00 439.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 420.24 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.21 439.10 Td (which ) Tj ET Q q 0 0 0 rg BT 458.28 439.10 Td (an ) Tj ET Q q 0 0 0 rg BT 470.35 439.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.98 439.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 533.12 439.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 439.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.44 427.10 Td (be ) Tj ET Q q 0 0 0 rg BT 78.77 427.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 111.75 427.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.41 427.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.41 427.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.80 427.10 Td ($1) Tj ET Q q 0 0 0 rg BT 155.43 427.10 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 169.81 427.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.71 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.59 427.10 Td (will ) Tj ET Q q 0 0 0 rg BT 218.03 427.10 Td (be ) Tj ET Q q 0 0 0 rg BT 229.36 427.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 262.34 427.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 427.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 427.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.39 427.10 Td ($1) Tj ET Q q 0 0 0 rg BT 306.02 427.10 Td (1.1 ) Tj ET Q q 0 0 0 rg BT 320.40 427.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.30 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.18 427.10 Td (will ) Tj ET Q q 0 0 0 rg BT 368.63 427.10 Td (be ) Tj ET Q q 0 0 0 rg BT 379.95 427.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 412.93 427.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.59 427.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.59 427.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.98 427.10 Td ($10.1 ) Tj ET Q q 0 0 0 rg BT 471.37 427.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.26 427.10 Td ( ) Tj ET Q q 0 0 0 rg BT 502.15 427.10 Td (will ) Tj ET Q q 0 0 0 rg BT 519.59 427.10 Td (be ) Tj ET Q q 0 0 0 rg BT 530.91 427.10 Td (payable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.40 415.10 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.40 415.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.52 415.10 Td ($8.8 ) Tj ET Q q 0 0 0 rg BT 105.63 415.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.53 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.14 415.10 Td (will ) Tj ET Q q 0 0 0 rg BT 155.32 415.10 Td (be ) Tj ET Q q 0 0 0 rg BT 167.38 415.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 201.09 415.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.49 415.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.49 415.10 Td (, ) Tj ET Q q 0 0 0 rg BT 236.60 415.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.66 415.10 Td ($3.5 ) Tj ET Q q 0 0 0 rg BT 273.78 415.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.67 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.29 415.10 Td (will ) Tj ET Q q 0 0 0 rg BT 323.47 415.10 Td (be ) Tj ET Q q 0 0 0 rg BT 335.52 415.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 369.24 415.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.63 415.10 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.63 415.10 Td (. ) Tj ET Q q 0 0 0 rg BT 404.75 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 407.18 415.10 Td (W) Tj ET Q q 0 0 0 rg BT 415.82 415.10 Td (e ) Tj ET Q q 0 0 0 rg BT 422.88 415.10 Td (will ) Tj ET Q q 0 0 0 rg BT 441.05 415.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 470.31 415.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.37 415.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 517.74 415.10 Td (income ) Tj ET Q q 0 0 0 rg BT 549.79 415.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 403.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 80.26 403.10 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 133.30 403.10 Td (with ) Tj ET Q q 0 0 0 rg BT 153.57 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.29 403.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 188.56 403.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 232.16 403.10 Td (payments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 379.10 Td ( ) Tj ET Q q 0 0 0 rg BT 63.50 379.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 88.59 379.10 Td (2004, ) Tj ET Q q 0 0 0 rg BT 113.97 379.10 Td (we ) Tj ET Q q 0 0 0 rg BT 128.51 379.10 Td (have ) Tj ET Q q 0 0 0 rg BT 150.26 379.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 170.36 379.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 209.33 379.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 251.09 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.75 379.10 Td (our ) Tj ET Q q 0 0 0 rg BT 277.96 379.10 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 331.37 379.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.69 379.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 386.56 379.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 431.09 379.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 472.29 379.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.95 379.10 Td (our ) Tj ET Q q 0 0 0 rg BT 499.15 379.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 544.79 379.10 Td (who ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 367.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 70.09 367.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 109.60 367.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 133.02 367.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 157.29 367.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.60 367.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 177.46 367.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 215.87 367.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 253.17 367.10 Td (has ) Tj ET Q q 0 0 0 rg BT 268.82 367.10 Td (been ) Tj ET Q q 0 0 0 rg BT 290.00 367.10 Td ($0.45 ) Tj ET Q q 0 0 0 rg BT 314.82 367.10 Td (per ) Tj ET Q q 0 0 0 rg BT 329.90 367.10 Td (share ) Tj ET Q q 0 0 0 rg BT 353.31 367.10 Td (since ) Tj ET Q q 0 0 0 rg BT 376.17 367.10 Td (2007. ) Tj ET Q q 0 0 0 rg BT 400.98 367.10 Td ( ) Tj ET Q q 0 0 0 rg BT 403.29 367.10 Td (For ) Tj ET Q q 0 0 0 rg BT 419.49 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.02 367.10 Td (years ) Tj ET Q q 0 0 0 rg BT 457.43 367.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.62 367.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 542.02 367.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.02 367.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.02 355.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.02 355.10 Td (, ) Tj ET Q q 0 0 0 rg BT 94.09 355.10 Td (we ) Tj ET Q q 0 0 0 rg BT 109.33 355.10 Td (made ) Tj ET Q q 0 0 0 rg BT 134.57 355.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 173.14 355.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 226.72 355.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.63 355.10 Td ($58.9 ) Tj ET Q q 0 0 0 rg BT 264.71 355.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.60 355.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.18 355.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.20 355.10 Td ($56.3 ) Tj ET Q q 0 0 0 rg BT 341.27 355.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.17 355.10 Td (, ) Tj ET Q q 0 0 0 rg BT 376.24 355.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 423.90 355.10 Td (, ) Tj ET Q q 0 0 0 rg BT 429.98 355.10 Td (or ) Tj ET Q q 0 0 0 rg BT 441.89 355.10 Td ($1.80 ) Tj ET Q q 0 0 0 rg BT 467.97 355.10 Td (per ) Tj ET Q q 0 0 0 rg BT 484.32 355.10 Td (common ) Tj ET Q q 0 0 0 rg BT 522.89 355.10 Td (share ) Tj ET Q q 0 0 0 rg BT 547.57 355.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 343.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 100.01 343.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 140.55 343.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 165.00 343.10 Td (unit. ) Tj ET Q q 0 0 0 rg BT 186.16 343.10 Td (W) Tj ET Q q 0 0 0 rg BT 194.79 343.10 Td (e ) Tj ET Q q 0 0 0 rg BT 202.57 343.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 230.91 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.03 343.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 279.80 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 290.92 343.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 308.70 343.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 348.14 343.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 390.37 343.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 422.03 343.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.15 343.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 463.14 343.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 511.47 343.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.25 343.10 Td (periodic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 112.33 331.10 Td (that ) Tj ET Q q 0 0 0 rg BT 130.23 331.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 150.91 331.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 192.70 331.10 Td (are ) Tj ET Q q 0 0 0 rg BT 207.81 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 218.49 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.61 331.10 Td (best ) Tj ET Q q 0 0 0 rg BT 252.62 331.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 284.96 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.20 331.10 Td (our ) Tj ET Q q 0 0 0 rg BT 312.43 331.10 Td (stockholders.Future ) Tj ET Q q 0 0 0 rg BT 396.99 331.10 Td (declaration ) Tj ET Q q 0 0 0 rg BT 444.31 331.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.66 331.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 498.99 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.23 331.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 552.02 331.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.60 319.10 Td (common ) Tj ET Q q 0 0 0 rg BT 102.87 319.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 126.25 319.10 Td (is ) Tj ET Q q 0 0 0 rg BT 135.19 319.10 Td (at ) Tj ET Q q 0 0 0 rg BT 144.67 319.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.16 319.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 200.86 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.46 319.10 Td (our ) Tj ET Q q 0 0 0 rg BT 227.07 319.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 253.77 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.38 319.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 303.85 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.56 319.10 Td (depends ) Tj ET Q q 0 0 0 rg BT 355.60 319.10 Td (upon, ) Tj ET Q q 0 0 0 rg BT 380.37 319.10 Td (among ) Tj ET Q q 0 0 0 rg BT 409.86 319.10 Td (other ) Tj ET Q q 0 0 0 rg BT 432.68 319.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 461.89 319.10 Td (our ) Tj ET Q q 0 0 0 rg BT 477.50 319.10 Td (future ) Tj ET Q q 0 0 0 rg BT 503.64 319.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 547.57 319.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 89.79 307.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 119.84 307.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 175.45 307.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.30 307.10 Td (surplus, ) Tj ET Q q 0 0 0 rg BT 228.10 307.10 Td (general ) Tj ET Q q 0 0 0 rg BT 260.93 307.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.32 307.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 343.00 307.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 390.85 307.10 Td (under ) Tj ET Q q 0 0 0 rg BT 417.03 307.10 Td (our ) Tj ET Q q 0 0 0 rg BT 433.77 307.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 456.62 307.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 477.24 307.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 517.58 307.10 Td (contractual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 96.93 295.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.87 295.10 Td (other ) Tj ET Q q 0 0 0 rg BT 136.92 295.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 166.63 295.10 Td (as ) Tj ET Q q 0 0 0 rg BT 177.46 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.17 295.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 219.11 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.94 295.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 269.65 295.10 Td (may ) Tj ET Q q 0 0 0 rg BT 289.37 295.10 Td (deem ) Tj ET Q q 0 0 0 rg BT 313.52 295.10 Td (relevant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 271.10 Td (While ) Tj ET Q q 0 0 0 rg BT 100.25 271.10 Td (we ) Tj ET Q q 0 0 0 rg BT 115.22 271.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 147.41 271.10 Td (that ) Tj ET Q q 0 0 0 rg BT 165.72 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.25 271.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 202.33 271.10 Td (generated ) Tj ET Q q 0 0 0 rg BT 244.51 271.10 Td (from ) Tj ET Q q 0 0 0 rg BT 267.26 271.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 312.23 271.10 Td (and ) Tj ET Q q 0 0 0 rg BT 329.99 271.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 378.85 271.10 Td (from ) Tj ET Q q 0 0 0 rg BT 401.60 271.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.14 271.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 458.78 271.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 481.53 271.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 502.06 271.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 533.69 271.10 Td (will ) Tj ET Q q 0 0 0 rg BT 552.57 271.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (suf) Tj ET Q q 0 0 0 rg BT 62.04 259.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 90.12 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 100.44 259.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 122.42 259.10 Td (our ) Tj ET Q q 0 0 0 rg BT 138.29 259.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 176.36 259.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 216.67 259.10 Td (needs, ) Tj ET Q q 0 0 0 rg BT 244.48 259.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 259.24 259.10 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 308.72 259.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 330.70 259.10 Td (term ) Tj ET Q q 0 0 0 rg BT 351.57 259.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 371.33 259.10 Td (repayments, ) Tj ET Q q 0 0 0 rg BT 422.46 259.10 Td (common ) Tj ET Q q 0 0 0 rg BT 460.00 259.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 497.54 259.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 540.90 259.10 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 99.69 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.63 247.10 Td (build-out ) Tj ET Q q 0 0 0 rg BT 155.79 247.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 178.29 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.12 247.10 Td (new ) Tj ET Q q 0 0 0 rg BT 208.28 247.10 Td (of) Tj ET Q q 0 0 0 rg BT 216.43 247.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 233.91 247.10 Td (space, ) Tj ET Q q 0 0 0 rg BT 261.11 247.10 Td (we ) Tj ET Q q 0 0 0 rg BT 275.27 247.10 Td (may ) Tj ET Q q 0 0 0 rg BT 294.99 247.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 321.37 247.10 Td (our ) Tj ET Q q 0 0 0 rg BT 337.20 247.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 371.90 247.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 410.49 247.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.43 247.10 Td (other ) Tj ET Q q 0 0 0 rg BT 450.47 247.10 Td (disbursements, ) Tj ET Q q 0 0 0 rg BT 512.69 247.10 Td (if ) Tj ET Q q 0 0 0 rg BT 521.29 247.10 Td (necessary) Tj ET Q q 0 0 0 rg BT 559.51 247.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.59 235.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 80.84 235.10 Td (our ) Tj ET Q q 0 0 0 rg BT 95.99 235.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 131.70 235.10 Td (needs. ) Tj ET Q q 0 0 0 rg BT 158.65 235.10 Td (There ) Tj ET Q q 0 0 0 rg BT 183.78 235.10 Td (is ) Tj ET Q q 0 0 0 rg BT 192.27 235.10 Td (no ) Tj ET Q q 0 0 0 rg BT 204.09 235.10 Td (assurance ) Tj ET Q q 0 0 0 rg BT 244.77 235.10 Td (that ) Tj ET Q q 0 0 0 rg BT 261.58 235.10 Td (our ) Tj ET Q q 0 0 0 rg BT 276.73 235.10 Td (current ) Tj ET Q q 0 0 0 rg BT 306.86 235.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 333.66 235.10 Td (will ) Tj ET Q q 0 0 0 rg BT 351.04 235.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 387.29 235.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.88 235.10 Td (renew ) Tj ET Q q 0 0 0 rg BT 423.13 235.10 Td (our ) Tj ET Q q 0 0 0 rg BT 438.27 235.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 478.41 235.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 497.45 235.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 527.58 235.10 Td (annually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 223.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.13 223.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 110.90 223.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 137.75 223.10 Td (or ) Tj ET Q q 0 0 0 rg BT 148.21 223.10 Td (at ) Tj ET Q q 0 0 0 rg BT 157.56 223.10 Td (all, ) Tj ET Q q 0 0 0 rg BT 172.19 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.76 223.10 Td (if ) Tj ET Q q 0 0 0 rg BT 197.00 223.10 Td (it ) Tj ET Q q 0 0 0 rg BT 204.69 223.10 Td (is ) Tj ET Q q 0 0 0 rg BT 213.49 223.10 Td (not ) Tj ET Q q 0 0 0 rg BT 228.40 223.10 Td (renewed ) Tj ET Q q 0 0 0 rg BT 264.39 223.10 Td (that ) Tj ET Q q 0 0 0 rg BT 281.52 223.10 Td (we ) Tj ET Q q 0 0 0 rg BT 295.31 223.10 Td (would ) Tj ET Q q 0 0 0 rg BT 322.44 223.10 Td (be ) Tj ET Q q 0 0 0 rg BT 334.01 223.10 Td (able ) Tj ET Q q 0 0 0 rg BT 352.80 223.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.71 223.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 389.84 223.10 Td (a ) Tj ET Q q 0 0 0 rg BT 396.41 223.10 Td (new ) Tj ET Q q 0 0 0 rg BT 415.20 223.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 440.09 223.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 470.54 223.10 Td (from ) Tj ET Q q 0 0 0 rg BT 492.11 223.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.68 223.10 Td (dif) Tj ET Q q 0 0 0 rg BT 509.61 223.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 535.06 223.10 Td (lender) Tj ET Q q 0 0 0 rg BT 559.49 223.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 211.10 Td (In ) Tj ET Q q 0 0 0 rg BT 61.21 211.10 Td (that ) Tj ET Q q 0 0 0 rg BT 79.09 211.10 Td (case, ) Tj ET Q q 0 0 0 rg BT 101.68 211.10 Td (we ) Tj ET Q q 0 0 0 rg BT 116.23 211.10 Td (could ) Tj ET Q q 0 0 0 rg BT 141.33 211.10 Td (be ) Tj ET Q q 0 0 0 rg BT 153.65 211.10 Td (required ) Tj ET Q q 0 0 0 rg BT 189.85 211.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.51 211.10 Td (promptly ) Tj ET Q q 0 0 0 rg BT 240.06 211.10 Td (repatriate ) Tj ET Q q 0 0 0 rg BT 280.69 211.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 312.45 211.10 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 351.71 211.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 374.59 211.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 417.47 211.10 Td (securities, ) Tj ET Q q 0 0 0 rg BT 460.61 211.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 490.14 211.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 530.79 211.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 553.67 211.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 199.10 Td (take ) Tj ET Q q 0 0 0 rg BT 69.22 199.10 Td (a ) Tj ET Q q 0 0 0 rg BT 76.22 199.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 128.77 199.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.66 199.10 Td (these ) Tj ET Q q 0 0 0 rg BT 162.77 199.10 Td (actions, ) Tj ET Q q 0 0 0 rg BT 196.16 199.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.50 199.10 Td (each ) Tj ET Q q 0 0 0 rg BT 227.38 199.10 Td (case ) Tj ET Q q 0 0 0 rg BT 247.15 199.10 Td (on ) Tj ET Q q 0 0 0 rg BT 259.71 199.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 284.49 199.10 Td (which ) Tj ET Q q 0 0 0 rg BT 311.49 199.10 Td (may ) Tj ET Q q 0 0 0 rg BT 331.27 199.10 Td (not ) Tj ET Q q 0 0 0 rg BT 346.61 199.10 Td (be ) Tj ET Q q 0 0 0 rg BT 358.61 199.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 398.93 199.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.27 199.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 423.22 199.10 Td (In ) Tj ET Q q 0 0 0 rg BT 434.12 199.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.90 199.10 Td (event ) Tj ET Q q 0 0 0 rg BT 473.11 199.10 Td (that ) Tj ET Q q 0 0 0 rg BT 490.67 199.10 Td (we ) Tj ET Q q 0 0 0 rg BT 504.89 199.10 Td (are ) Tj ET Q q 0 0 0 rg BT 519.66 199.10 Td (not ) Tj ET Q q 0 0 0 rg BT 535.00 199.10 Td (able ) Tj ET Q q 0 0 0 rg BT 554.22 199.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 187.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 71.93 187.10 Td (our ) Tj ET Q q 0 0 0 rg BT 87.76 187.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 124.16 187.10 Td (needs, ) Tj ET Q q 0 0 0 rg BT 151.92 187.10 Td (we ) Tj ET Q q 0 0 0 rg BT 166.08 187.10 Td (may ) Tj ET Q q 0 0 0 rg BT 185.80 187.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 222.18 187.10 Td (a ) Tj ET Q q 0 0 0 rg BT 229.12 187.10 Td (range ) Tj ET Q q 0 0 0 rg BT 253.82 187.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.65 187.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 304.92 187.10 Td (alternatives ) Tj ET Q q 0 0 0 rg BT 353.51 187.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.78 187.10 Td (meet ) Tj ET Q q 0 0 0 rg BT 385.72 187.10 Td (any ) Tj ET Q q 0 0 0 rg BT 402.66 187.10 Td (such ) Tj ET Q q 0 0 0 rg BT 423.49 187.10 Td (needs. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 161.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 85.62 161.10 Td (Flows) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 135.10 Td (2015) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 82.00 135.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 135.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 110.05 135.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.53 135.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 148.35 135.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 196.94 135.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 237.74 135.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.78 135.10 Td ($19.0 ) Tj ET Q q 0 0 0 rg BT 276.33 135.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.22 135.10 Td ( ) Tj ET Q q 0 0 0 rg BT 308.27 135.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.75 135.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 389.89 135.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.89 135.10 Td (, ) Tj ET Q q 0 0 0 rg BT 415.43 135.10 Td (including ) Tj ET Q q 0 0 0 rg BT 456.25 135.10 Td (a ) Tj ET Q q 0 0 0 rg BT 463.74 135.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 501.20 135.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.58 135.10 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 533.12 135.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 135.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 123.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 86.65 123.10 Td (from ) Tj ET Q q 0 0 0 rg BT 107.74 123.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.62 123.10 Td (ef) Tj ET Q q 0 0 0 rg BT 129.20 123.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 145.84 123.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.83 123.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.70 123.10 Td (translation ) Tj ET Q q 0 0 0 rg BT 213.57 123.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.55 123.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 254.09 123.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 290.72 123.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 326.26 123.10 Td (into ) Tj ET Q q 0 0 0 rg BT 343.47 123.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 362.91 123.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 391.78 123.10 Td (at ) Tj ET Q q 0 0 0 rg BT 400.65 123.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.53 123.10 Td (year) Tj ET Q q 0 0 0 rg BT 431.53 123.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 450.96 123.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 481.49 123.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 518.12 123.10 Td (conversion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 111.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 73.63 111.10 Td ( ) Tj ET Q q 0 0 0 rg BT 75.71 111.10 Td (W) Tj ET Q q 0 0 0 rg BT 84.35 111.10 Td (e ) Tj ET Q q 0 0 0 rg BT 91.04 111.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.15 111.10 Td ($92.8 ) Tj ET Q q 0 0 0 rg BT 156.90 111.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.79 111.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.04 111.10 Td (from ) Tj ET Q q 0 0 0 rg BT 209.73 111.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 249.75 111.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 290.60 111.10 Td (which ) Tj ET Q q 0 0 0 rg BT 317.28 111.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 356.75 111.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.33 111.10 Td ($70.3 ) Tj ET Q q 0 0 0 rg BT 392.08 111.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.97 111.10 Td ( ) Tj ET Q q 0 0 0 rg BT 423.22 111.10 Td (from ) Tj ET Q q 0 0 0 rg BT 444.91 111.10 Td (net ) Tj ET Q q 0 0 0 rg BT 459.38 111.10 Td (income ) Tj ET Q q 0 0 0 rg BT 491.06 111.10 Td (after ) Tj ET Q q 0 0 0 rg BT 511.63 111.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 539.43 111.10 Td (ef) Tj ET Q q 0 0 0 rg BT 547.02 111.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 99.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.33 99.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.10 99.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 110.75 99.10 Td (items ) Tj ET Q q 0 0 0 rg BT 133.97 99.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.96 99.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.95 99.10 Td (net ) Tj ET Q q 0 0 0 rg BT 169.71 99.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 205.68 99.10 Td (in ) Tj ET Q q 0 0 0 rg BT 215.01 99.10 Td (working ) Tj ET Q q 0 0 0 rg BT 249.89 99.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 278.09 99.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.98 99.10 Td ($22.4 ) Tj ET Q q 0 0 0 rg BT 312.03 99.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.92 99.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.47 99.10 Td (\(principally ) Tj ET Q q 0 0 0 rg BT 390.67 99.10 Td (due ) Tj ET Q q 0 0 0 rg BT 406.66 99.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.99 99.10 Td (a ) Tj ET Q q 0 0 0 rg BT 421.98 99.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 457.95 99.10 Td (in ) Tj ET Q q 0 0 0 rg BT 467.28 99.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 503.27 99.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 520.92 99.10 Td (receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 87.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.35 87.10 Td (an ) Tj ET Q q 0 0 0 rg BT 77.69 87.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 112.36 87.10 Td (in ) Tj ET Q q 0 0 0 rg BT 122.04 87.10 Td (income ) Tj ET Q q 0 0 0 rg BT 153.38 87.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 175.84 87.10 Td (payable\). ) Tj ET Q q 0 0 0 rg BT 214.53 87.10 Td (W) Tj ET Q q 0 0 0 rg BT 223.17 87.10 Td (e ) Tj ET Q q 0 0 0 rg BT 229.52 87.10 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.76 87.10 Td ($33.5 ) Tj ET Q q 0 0 0 rg BT 274.16 87.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.06 87.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.96 87.10 Td (for ) Tj ET Q q 0 0 0 rg BT 318.53 87.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 357.10 87.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 397.61 87.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 442.84 87.10 Td (as ) Tj ET Q q 0 0 0 rg BT 453.08 87.10 Td (a ) Tj ET Q q 0 0 0 rg BT 459.43 87.10 Td (result ) Tj ET Q q 0 0 0 rg BT 483.55 87.10 Td (of ) Tj ET Q q 0 0 0 rg BT 493.79 87.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.91 87.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 527.59 87.10 Td (payment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 75.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.45 75.10 Td ($45.3 ) Tj ET Q q 0 0 0 rg BT 85.08 75.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.97 75.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.09 75.10 Td (for ) Tj ET Q q 0 0 0 rg BT 129.87 75.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.21 75.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 190.22 75.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.67 75.10 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 234.18 75.10 Td (including ) Tj ET Q q 0 0 0 rg BT 274.08 75.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 320.07 75.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 344.70 75.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.26 75.10 Td ($2.2 ) Tj ET Q q 0 0 0 rg BT 380.88 75.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.77 75.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.90 75.10 Td (for ) Tj ET Q q 0 0 0 rg BT 425.68 75.10 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 465.57 75.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 524.90 75.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.46 75.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.66 63.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 134.26 63.10 Td (of) Tj ET Q q 0 0 0 rg BT 142.41 63.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 158.85 63.10 Td (in ) Tj ET Q q 0 0 0 rg BT 168.63 63.10 Td (part ) Tj ET Q q 0 0 0 rg BT 186.19 63.10 Td (by ) Tj ET Q q 0 0 0 rg BT 198.19 63.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.42 63.10 Td (recording ) Tj ET Q q 0 0 0 rg BT 252.74 63.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.07 63.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.29 63.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 321.51 63.10 Td (Earnout ) Tj ET Q q 0 0 0 rg BT 355.17 63.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 397.73 63.10 Td (at ) Tj ET Q q 0 0 0 rg BT 406.95 63.10 Td (an ) Tj ET Q q 0 0 0 rg BT 418.40 63.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 458.72 63.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 474.61 63.10 Td (value ) Tj ET Q q 0 0 0 rg BT 498.27 63.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.60 63.10 Td ($13.6 ) Tj ET Q q 0 0 0 rg BT 533.11 63.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 51.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.89 51.10 Td (by ) Tj ET Q q 0 0 0 rg BT 81.34 51.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 134.80 51.10 Td (from ) Tj ET Q q 0 0 0 rg BT 157.69 51.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 198.34 51.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 234.01 51.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 255.80 51.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 307.02 51.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.80 51.10 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 339.76 51.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.65 51.10 Td (. ) Tj ET Q q 0 0 0 rg BT 374.35 51.10 Td (W) Tj ET Q q 0 0 0 rg BT 382.99 51.10 Td (e ) Tj ET Q q 0 0 0 rg BT 390.88 51.10 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.66 51.10 Td ($38.8 ) Tj ET Q q 0 0 0 rg BT 438.61 51.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.50 51.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.96 51.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.19 51.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 523.40 51.10 Td (activities, ) Tj ET Q endstream endobj 75 0 obj <> 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BT 409.01 730.10 Td ($5.9 ) Tj ET Q q 0 0 0 rg BT 429.20 730.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.09 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.79 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.81 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 486.72 730.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 509.41 730.10 Td (related ) Tj ET Q q 0 0 0 rg BT 539.31 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.78 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 85.18 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.94 718.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 135.56 718.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 159.09 718.10 Td (units ) Tj ET Q q 0 0 0 rg BT 180.96 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 190.59 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.45 718.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 228.76 718.10 Td (price ) Tj ET Q q 0 0 0 rg BT 251.17 718.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 276.36 718.10 Td (than ) Tj ET Q q 0 0 0 rg BT 296.00 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.63 718.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 333.60 718.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 358.51 718.10 Td (of) Tj ET Q q 0 0 0 rg BT 366.66 718.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 383.52 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.71 718.10 Td (part ) Tj ET Q q 0 0 0 rg BT 411.68 718.10 Td (by ) Tj ET Q q 0 0 0 rg BT 424.10 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.74 718.10 Td (net ) Tj ET Q q 0 0 0 rg BT 453.38 718.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 497.46 718.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.21 718.10 Td ($33.8 ) Tj ET Q q 0 0 0 rg BT 533.13 718.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.02 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.27 706.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 83.65 706.10 Td (term ) Tj ET Q q 0 0 0 rg BT 104.92 706.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 125.08 706.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 162.45 706.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.78 706.10 Td ($45.0 ) Tj ET Q q 0 0 0 rg BT 191.22 706.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.11 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.05 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.33 706.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 256.71 706.10 Td (term ) Tj ET Q q 0 0 0 rg BT 277.97 706.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 302.02 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.74 706.10 Td (finance ) Tj ET Q q 0 0 0 rg BT 345.11 706.10 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 379.44 706.10 Td (net ) Tj ET Q q 0 0 0 rg BT 394.60 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.87 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 413.25 706.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 458.39 706.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.67 706.10 Td ($1) Tj ET Q q 0 0 0 rg BT 479.29 706.10 Td (1.3 ) Tj ET Q q 0 0 0 rg BT 494.74 706.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.63 706.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 532.40 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.78 706.10 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 98.05 694.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.88 694.10 Td ($4.2 ) Tj ET Q q 0 0 0 rg BT 128.88 694.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.77 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.27 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 172.77 694.10 Td (our ) Tj ET Q q 0 0 0 rg BT 188.60 694.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 229.43 694.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 251.37 694.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 271.08 694.10 Td (facility) Tj ET Q q 0 0 0 rg BT 298.75 694.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 668.10 Td (2014) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 82.00 668.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 668.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 110.36 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.16 668.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 149.29 668.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 198.19 668.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 239.30 668.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.66 668.10 Td ($8.3 ) Tj ET Q q 0 0 0 rg BT 273.52 668.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.41 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.77 668.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.57 668.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 388.01 668.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.01 668.10 Td (, ) Tj ET Q q 0 0 0 rg BT 413.87 668.10 Td (including ) Tj ET Q q 0 0 0 rg BT 455.00 668.10 Td (a ) Tj ET Q q 0 0 0 rg BT 462.80 668.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 500.57 668.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.26 668.10 Td ($2.6 ) Tj ET Q q 0 0 0 rg BT 533.12 668.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 668.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 656.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 86.65 656.10 Td (from ) Tj ET Q q 0 0 0 rg BT 107.74 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.62 656.10 Td (ef) Tj ET Q q 0 0 0 rg BT 129.20 656.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 145.84 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.83 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.70 656.10 Td (translation ) Tj ET Q q 0 0 0 rg BT 213.57 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.55 656.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 254.09 656.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 290.72 656.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 326.26 656.10 Td (into ) Tj ET Q q 0 0 0 rg BT 343.47 656.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 362.91 656.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 391.78 656.10 Td (at ) Tj ET Q q 0 0 0 rg BT 400.65 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.53 656.10 Td (year) Tj ET Q q 0 0 0 rg BT 431.53 656.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 450.96 656.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 481.49 656.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 518.12 656.10 Td (conversion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 644.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 73.36 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 75.21 644.10 Td (W) Tj ET Q q 0 0 0 rg BT 83.84 644.10 Td (e ) Tj ET Q q 0 0 0 rg BT 90.27 644.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.12 644.10 Td ($103.3 ) Tj ET Q q 0 0 0 rg BT 160.60 644.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.50 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 191.48 644.10 Td (from ) Tj ET Q q 0 0 0 rg BT 212.91 644.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 252.66 644.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 293.24 644.10 Td (which ) Tj ET Q q 0 0 0 rg BT 319.67 644.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 358.87 644.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.19 644.10 Td ($96.6 ) Tj ET Q q 0 0 0 rg BT 393.67 644.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.56 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.55 644.10 Td (from ) Tj ET Q q 0 0 0 rg BT 445.97 644.10 Td (net ) Tj ET Q q 0 0 0 rg BT 460.18 644.10 Td (income ) Tj ET Q q 0 0 0 rg BT 491.60 644.10 Td (after ) Tj ET Q q 0 0 0 rg BT 511.90 644.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 539.44 644.10 Td (ef) Tj ET Q q 0 0 0 rg BT 547.03 644.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.49 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.43 632.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 111.24 632.10 Td (items ) Tj ET Q q 0 0 0 rg BT 134.62 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.77 632.10 Td (a ) Tj ET Q q 0 0 0 rg BT 156.93 632.10 Td (net ) Tj ET Q q 0 0 0 rg BT 170.86 632.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 206.99 632.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.48 632.10 Td (working ) Tj ET Q q 0 0 0 rg BT 251.53 632.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 279.89 632.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.94 632.10 Td ($6.7 ) Tj ET Q q 0 0 0 rg BT 309.15 632.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.05 632.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.76 632.10 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 382.02 632.10 Td (due ) Tj ET Q q 0 0 0 rg BT 398.17 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.67 632.10 Td (an ) Tj ET Q q 0 0 0 rg BT 418.82 632.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 453.29 632.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.78 632.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 491.15 632.10 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 525.09 632.10 Td (payable\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 620.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 620.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.65 620.10 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.56 620.10 Td ($1.8 ) Tj ET Q q 0 0 0 rg BT 106.64 620.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.53 620.10 Td ( ) Tj ET Q q 0 0 0 rg BT 138.11 620.10 Td (for ) Tj ET Q q 0 0 0 rg BT 152.35 620.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 191.59 620.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 232.77 620.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.12 620.10 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 293.20 620.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.09 620.10 Td ( ) Tj ET Q q 0 0 0 rg BT 324.67 620.10 Td (for ) Tj ET Q q 0 0 0 rg BT 338.91 620.10 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 379.25 620.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 439.04 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.05 620.10 Td (other ) Tj ET Q q 0 0 0 rg BT 479.18 620.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 508.41 620.10 Td (expenditures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 608.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 608.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 75.25 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 85.68 608.10 Td (part ) Tj ET Q q 0 0 0 rg BT 103.89 608.10 Td (by ) Tj ET Q q 0 0 0 rg BT 116.54 608.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 169.21 608.10 Td (from ) Tj ET Q q 0 0 0 rg BT 191.30 608.10 Td (other ) Tj ET Q q 0 0 0 rg BT 214.51 608.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 254.37 608.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 289.24 608.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 314.12 608.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.11 608.10 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 345.27 608.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.16 608.10 Td (. ) Tj ET Q q 0 0 0 rg BT 379.12 608.10 Td (W) Tj ET Q q 0 0 0 rg BT 387.76 608.10 Td (e ) Tj ET Q q 0 0 0 rg BT 394.86 608.10 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.85 608.10 Td ($90.6 ) Tj ET Q q 0 0 0 rg BT 441.00 608.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.89 608.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.55 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.99 608.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 523.41 608.10 Td (activities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.02 596.10 Td ($56.3 ) Tj ET Q q 0 0 0 rg BT 114.76 596.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.66 596.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.90 596.10 Td (for ) Tj ET Q q 0 0 0 rg BT 159.81 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.27 596.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 210.95 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.52 596.10 Td (dividends, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.15 596.10 Td ($15.4 ) Tj ET Q q 0 0 0 rg BT 289.90 596.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.79 596.10 Td ( ) Tj ET Q q 0 0 0 rg BT 321.04 596.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.94 596.10 Td (open ) Tj ET Q q 0 0 0 rg BT 356.62 596.10 Td (market ) Tj ET Q q 0 0 0 rg BT 386.63 596.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 436.08 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.65 596.10 Td (our ) Tj ET Q q 0 0 0 rg BT 462.23 596.10 Td (common ) Tj ET Q q 0 0 0 rg BT 499.47 596.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 522.82 596.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 596.10 Td ($20.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 584.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.52 584.10 Td (for ) Tj ET Q q 0 0 0 rg BT 95.81 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.65 584.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 156.58 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.54 584.10 Td (our ) Tj ET Q q 0 0 0 rg BT 183.50 584.10 Td (common ) Tj ET Q q 0 0 0 rg BT 221.12 584.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 244.85 584.10 Td (from ) Tj ET Q q 0 0 0 rg BT 266.92 584.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 312.31 584.10 Td (in ) Tj ET Q q 0 0 0 rg BT 322.71 584.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 372.55 584.10 Td (with ) Tj ET Q q 0 0 0 rg BT 392.96 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.80 584.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 444.86 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.82 584.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 470.66 584.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 510.51 584.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.91 584.10 Td (settlement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.85 572.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 100.57 572.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 124.20 572.10 Td (units ) Tj ET Q q 0 0 0 rg BT 146.17 572.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.13 572.10 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 183.15 572.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.04 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 214.57 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.42 572.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 240.15 572.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 262.68 572.10 Td (related ) Tj ET Q q 0 0 0 rg BT 292.40 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.70 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.44 572.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 352.72 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.57 572.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 403.29 572.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 426.92 572.10 Td (units ) Tj ET Q q 0 0 0 rg BT 448.89 572.10 Td (at ) Tj ET Q q 0 0 0 rg BT 458.63 572.10 Td (a ) Tj ET Q q 0 0 0 rg BT 465.59 572.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 497.00 572.10 Td (price ) Tj ET Q q 0 0 0 rg BT 519.50 572.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 544.79 572.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 560.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 87.76 560.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 112.75 560.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 148.57 560.10 Td (of) Tj ET Q q 0 0 0 rg BT 156.72 560.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 173.66 560.10 Td (by ) Tj ET Q q 0 0 0 rg BT 186.16 560.10 Td (net ) Tj ET Q q 0 0 0 rg BT 200.87 560.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 248.93 560.10 Td (on ) Tj ET Q q 0 0 0 rg BT 261.43 560.10 Td (our ) Tj ET Q q 0 0 0 rg BT 277.26 560.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 318.08 560.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 337.80 560.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 368.62 560.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.45 560.10 Td ($4.8 ) Tj ET Q q 0 0 0 rg BT 399.45 560.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.34 560.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 534.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.00 534.10 Td (. ) Tj ET Q q 0 0 0 rg BT 87.71 534.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 110.92 534.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.57 534.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 149.55 534.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 198.30 534.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 240.93 534.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.14 534.10 Td ($7.6 ) Tj ET Q q 0 0 0 rg BT 274.85 534.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.74 534.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.95 534.10 Td (from ) Tj ET Q q 0 0 0 rg BT 329.60 534.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 388.89 534.10 Td (2012, ) Tj ET Q q 0 0 0 rg BT 414.60 534.10 Td (including ) Tj ET Q q 0 0 0 rg BT 455.59 534.10 Td (a ) Tj ET Q q 0 0 0 rg BT 463.24 534.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 500.86 534.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.40 534.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 533.11 534.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 534.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 522.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 86.65 522.10 Td (from ) Tj ET Q q 0 0 0 rg BT 107.74 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.62 522.10 Td (ef) Tj ET Q q 0 0 0 rg BT 129.20 522.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 145.84 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.83 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.70 522.10 Td (translation ) Tj ET Q q 0 0 0 rg BT 213.57 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.55 522.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 254.09 522.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 290.72 522.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 326.26 522.10 Td (into ) Tj ET Q q 0 0 0 rg BT 343.47 522.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 362.91 522.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 391.78 522.10 Td (at ) Tj ET Q q 0 0 0 rg BT 400.65 522.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.53 522.10 Td (year) Tj ET Q q 0 0 0 rg BT 431.53 522.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 450.96 522.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 481.49 522.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 518.12 522.10 Td (conversion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.10 Td (rates. ) Tj ET Q q 0 0 0 rg BT 73.32 510.10 Td (W) Tj ET Q q 0 0 0 rg BT 81.96 510.10 Td (e ) Tj ET Q q 0 0 0 rg BT 88.49 510.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.45 510.10 Td ($67.8 ) Tj ET Q q 0 0 0 rg BT 154.05 510.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.94 510.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.04 510.10 Td (from ) Tj ET Q q 0 0 0 rg BT 206.57 510.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 246.43 510.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 287.13 510.10 Td (which ) Tj ET Q q 0 0 0 rg BT 313.66 510.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 352.97 510.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.40 510.10 Td ($100.8 ) Tj ET Q q 0 0 0 rg BT 393.00 510.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.89 510.10 Td ( ) Tj ET Q q 0 0 0 rg BT 423.98 510.10 Td (from ) Tj ET Q q 0 0 0 rg BT 445.52 510.10 Td (net ) Tj ET Q q 0 0 0 rg BT 459.83 510.10 Td (income ) Tj ET Q q 0 0 0 rg BT 491.36 510.10 Td (after ) Tj ET Q q 0 0 0 rg BT 511.77 510.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 539.43 510.10 Td (ef) Tj ET Q q 0 0 0 rg BT 547.01 510.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.53 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.50 498.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 111.35 498.10 Td (items ) Tj ET Q q 0 0 0 rg BT 134.77 498.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.96 498.10 Td (a ) Tj ET Q q 0 0 0 rg BT 157.15 498.10 Td (net ) Tj ET Q q 0 0 0 rg BT 171.12 498.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 205.63 498.10 Td (in ) Tj ET Q q 0 0 0 rg BT 215.16 498.10 Td (working ) Tj ET Q q 0 0 0 rg BT 250.24 498.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 278.65 498.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.73 498.10 Td ($33.0 ) Tj ET Q q 0 0 0 rg BT 312.98 498.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.88 498.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.63 498.10 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 385.92 498.10 Td (due ) Tj ET Q q 0 0 0 rg BT 402.11 498.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.65 498.10 Td (an ) Tj ET Q q 0 0 0 rg BT 422.84 498.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 457.34 498.10 Td (in ) Tj ET Q q 0 0 0 rg BT 466.88 498.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 503.07 498.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 520.92 498.10 Td (receivable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 486.10 Td (due ) Tj ET Q q 0 0 0 rg BT 67.41 486.10 Td (to ) Tj ET Q q 0 0 0 rg BT 78.15 486.10 Td (a ) Tj ET Q q 0 0 0 rg BT 85.56 486.10 Td (number ) Tj ET Q q 0 0 0 rg BT 119.07 486.10 Td (of ) Tj ET Q q 0 0 0 rg BT 130.37 486.10 Td (lar) Tj ET Q q 0 0 0 rg BT 140.74 486.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 153.14 486.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 199.98 486.10 Td (closings ) Tj ET Q q 0 0 0 rg BT 235.73 486.10 Td (shortly ) Tj ET Q q 0 0 0 rg BT 266.48 486.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 288.88 486.10 Td (to ) Tj ET Q q 0 0 0 rg BT 299.63 486.10 Td (December ) Tj ET Q q 0 0 0 rg BT 343.68 486.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 359.15 486.10 Td (2013\). ) Tj ET Q q 0 0 0 rg BT 387.73 486.10 Td (W) Tj ET Q q 0 0 0 rg BT 396.37 486.10 Td (e ) Tj ET Q q 0 0 0 rg BT 403.77 486.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.60 486.10 Td ($35.8 ) Tj ET Q q 0 0 0 rg BT 471.07 486.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.96 486.10 Td ( ) Tj ET Q q 0 0 0 rg BT 502.93 486.10 Td (from ) Tj ET Q q 0 0 0 rg BT 525.34 486.10 Td (investing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 474.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 92.30 474.10 Td (which ) Tj ET Q q 0 0 0 rg BT 120.44 474.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 161.36 474.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.39 474.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 212.63 474.10 Td (from ) Tj ET Q q 0 0 0 rg BT 235.78 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.69 474.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 270.94 474.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.98 474.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 316.67 474.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.71 474.10 Td ($34.2 ) Tj ET Q q 0 0 0 rg BT 354.91 474.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 474.10 Td (, ) Tj ET Q q 0 0 0 rg BT 390.00 474.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 443.71 474.10 Td (from ) Tj ET Q q 0 0 0 rg BT 466.85 474.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 507.76 474.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 543.68 474.10 Td (fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 462.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 100.13 462.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.82 462.10 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 130.68 462.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.57 462.10 Td (, ) Tj ET Q q 0 0 0 rg BT 164.42 462.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 200.10 462.10 Td (of) Tj ET Q q 0 0 0 rg BT 208.25 462.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 225.05 462.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.41 462.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 257.26 462.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.15 462.10 Td ( ) Tj ET Q q 0 0 0 rg BT 288.51 462.10 Td (used ) Tj ET Q q 0 0 0 rg BT 309.20 462.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.33 462.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 340.02 462.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 369.03 462.10 Td (calls ) Tj ET Q q 0 0 0 rg BT 389.71 462.10 Td (for ) Tj ET Q q 0 0 0 rg BT 403.73 462.10 Td (our ) Tj ET Q q 0 0 0 rg BT 419.42 462.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 458.98 462.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 493.55 462.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 514.24 462.10 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 450.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.54 450.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 86.15 450.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.04 450.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.14 450.10 Td (for ) Tj ET Q q 0 0 0 rg BT 130.91 450.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.23 450.10 Td (build ) Tj ET Q q 0 0 0 rg BT 167.89 450.10 Td (out ) Tj ET Q q 0 0 0 rg BT 182.77 450.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.21 450.10 Td (of) Tj ET Q q 0 0 0 rg BT 201.36 450.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 218.45 450.10 Td (space ) Tj ET Q q 0 0 0 rg BT 242.76 450.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.30 450.10 Td (other ) Tj ET Q q 0 0 0 rg BT 281.95 450.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 310.71 450.10 Td (needs. ) Tj ET Q q 0 0 0 rg BT 337.93 450.10 Td (W) Tj ET Q q 0 0 0 rg BT 346.57 450.10 Td (e ) Tj ET Q q 0 0 0 rg BT 353.11 450.10 Td (used ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.54 450.10 Td ($1) Tj ET Q q 0 0 0 rg BT 383.17 450.10 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 402.78 450.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.67 450.10 Td ( ) Tj ET Q q 0 0 0 rg BT 433.77 450.10 Td (in ) Tj ET Q q 0 0 0 rg BT 443.66 450.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 483.52 450.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 524.23 450.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 438.10 Td ($56.2 ) Tj ET Q q 0 0 0 rg BT 75.23 438.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.12 438.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.85 438.10 Td (for ) Tj ET Q q 0 0 0 rg BT 121.23 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.18 438.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 173.34 438.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.39 438.10 Td (dividends, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.51 438.10 Td ($42.5 ) Tj ET Q q 0 0 0 rg BT 253.74 438.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.63 438.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.35 438.10 Td (for ) Tj ET Q q 0 0 0 rg BT 299.74 438.10 Td (open ) Tj ET Q q 0 0 0 rg BT 321.91 438.10 Td (market ) Tj ET Q q 0 0 0 rg BT 352.40 438.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 402.32 438.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.38 438.10 Td (our ) Tj ET Q q 0 0 0 rg BT 429.44 438.10 Td (common ) Tj ET Q q 0 0 0 rg BT 467.16 438.10 Td (stock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.49 438.10 Td ($12.9 ) Tj ET Q q 0 0 0 rg BT 518.72 438.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.61 438.10 Td ( ) Tj ET Q q 0 0 0 rg BT 550.34 438.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 426.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.58 426.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 110.25 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.95 426.10 Td (our ) Tj ET Q q 0 0 0 rg BT 136.64 426.10 Td (common ) Tj ET Q q 0 0 0 rg BT 174.00 426.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 197.47 426.10 Td (from ) Tj ET Q q 0 0 0 rg BT 219.28 426.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 264.41 426.10 Td (in ) Tj ET Q q 0 0 0 rg BT 274.55 426.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 324.13 426.10 Td (with ) Tj ET Q q 0 0 0 rg BT 344.27 426.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.85 426.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 395.65 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.34 426.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 420.93 426.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 460.51 426.10 Td (in ) Tj ET Q q 0 0 0 rg BT 470.65 426.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 514.11 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.81 426.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 414.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.36 414.10 Td (units ) Tj ET Q q 0 0 0 rg BT 95.07 414.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.76 414.10 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 131.51 414.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.41 414.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.66 414.10 Td (for ) Tj ET Q q 0 0 0 rg BT 176.58 414.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 228.84 414.10 Td (to ) Tj ET Q q 0 0 0 rg BT 238.87 414.10 Td (non-controlling ) Tj ET Q q 0 0 0 rg BT 303.34 414.10 Td (interests, ) Tj ET Q q 0 0 0 rg BT 341.42 414.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 376.99 414.10 Td (of) Tj ET Q q 0 0 0 rg BT 385.14 414.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 401.83 414.10 Td (by ) Tj ET Q q 0 0 0 rg BT 414.09 414.10 Td (net ) Tj ET Q q 0 0 0 rg BT 428.56 414.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 476.37 414.10 Td (on ) Tj ET Q q 0 0 0 rg BT 488.62 414.10 Td (our ) Tj ET Q q 0 0 0 rg BT 504.21 414.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 544.79 414.10 Td (loan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 402.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 80.82 402.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.65 402.10 Td ($1.7 ) Tj ET Q q 0 0 0 rg BT 111.65 402.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.54 402.10 Td (.) 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rg BT 318.00 229.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.15 229.47 Td (70.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.00 229.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 229.47 Td (44.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.00 229.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 229.47 Td (20.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.00 229.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 229.47 Td (7.0) Tj ET Q BT /F1 10.00 Tf ET BT /F1 5.00 Tf ET q 0 0 0 rg BT 50.00 207.30 Td (_____________________________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.00 183.30 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 183.30 Td (As ) Tj ET Q q 0 0 0 rg BT 86.88 183.30 Td (additional ) Tj ET Q q 0 0 0 rg BT 129.63 183.30 Td (contingent ) Tj ET Q q 0 0 0 rg BT 174.60 183.30 Td (consideration ) Tj ET Q q 0 0 0 rg BT 231.24 183.30 Td (for ) Tj ET Q q 0 0 0 rg BT 245.66 183.30 Td (the ) Tj ET Q q 0 0 0 rg BT 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0 0 0 rg BT 126.18 159.30 Td (on ) Tj ET Q q 0 0 0 rg BT 138.06 159.30 Td (the ) Tj ET Q q 0 0 0 rg BT 152.15 159.30 Td (second ) Tj ET Q q 0 0 0 rg BT 181.80 159.30 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 230.32 159.30 Td (of ) Tj ET Q q 0 0 0 rg BT 240.53 159.30 Td (the ) Tj ET Q q 0 0 0 rg BT 254.62 159.30 Td (closing ) Tj ET Q q 0 0 0 rg BT 285.39 159.30 Td (\(April ) Tj ET Q q 0 0 0 rg BT 311.70 159.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 321.08 159.30 Td (2017\) ) Tj ET Q q 0 0 0 rg BT 346.29 159.30 Td (or ) Tj ET Q q 0 0 0 rg BT 356.49 159.30 Td (the ) Tj ET Q q 0 0 0 rg BT 370.59 159.30 Td (two ) Tj ET Q q 0 0 0 rg BT 387.47 159.30 Td (year ) Tj ET Q q 0 0 0 rg BT 406.55 159.30 Td (period ) Tj ET Q q 0 0 0 rg BT 433.97 159.30 Td (ending ) Tj ET Q q 0 0 0 rg BT 463.07 159.30 Td (on ) Tj ET Q q 0 0 0 rg BT 474.95 159.30 Td (the ) Tj ET Q q 0 0 0 rg BT 489.04 159.30 Td (fourth ) Tj ET Q q 0 0 0 rg BT 515.36 159.30 Td (anniversary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 147.30 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273.58 111.30 Td (gross ) Tj ET Q q 0 0 0 rg BT 297.35 111.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 330.00 111.30 Td (and ) Tj ET Q q 0 0 0 rg BT 347.09 111.30 Td (have ) Tj ET Q q 0 0 0 rg BT 368.62 111.30 Td (not ) Tj ET Q q 0 0 0 rg BT 384.06 111.30 Td (been ) Tj ET Q q 0 0 0 rg BT 405.59 111.30 Td (reduced ) Tj ET Q q 0 0 0 rg BT 439.89 111.30 Td (by ) Tj ET Q q 0 0 0 rg BT 452.55 111.30 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.96 111.30 Td ($2.7 ) Tj ET Q q 0 0 0 rg BT 533.12 111.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 111.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 99.30 Td (in ) Tj ET Q q 0 0 0 rg BT 82.24 99.30 Td (minimum ) Tj ET Q q 0 0 0 rg BT 122.60 99.30 Td (sublease ) Tj ET Q q 0 0 0 rg BT 157.94 99.30 Td (rentals ) Tj ET Q q 0 0 0 rg BT 186.06 99.30 Td (due ) Tj ET Q q 0 0 0 rg BT 201.96 99.30 Td (during ) Tj ET Q q 0 0 0 rg BT 229.54 99.30 Td (the ) Tj ET Q q 0 0 0 rg BT 243.22 99.30 Td (period ) Tj ET Q q 0 0 0 rg BT 270.23 99.30 Td (2016 ) Tj ET Q q 0 0 0 rg BT 291.70 99.30 Td (to ) Tj ET Q q 0 0 0 rg BT 300.94 99.30 Td (2019 ) Tj ET Q q 0 0 0 rg BT 322.40 99.30 Td (under ) Tj ET Q q 0 0 0 rg BT 346.64 99.30 Td (sublease ) Tj ET Q q 0 0 0 rg BT 381.98 99.30 Td (obligations ) Tj ET Q q 0 0 0 rg BT 427.89 99.30 Td (related ) Tj ET Q q 0 0 0 rg BT 456.55 99.30 Td (to ) Tj ET Q q 0 0 0 rg BT 465.80 99.30 Td (space ) Tj ET Q q 0 0 0 rg BT 489.47 99.30 Td (formerly ) Tj ET Q q 0 0 0 rg BT 525.92 99.30 Td (occupied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.00 87.30 Td (by ) Tj ET Q q 0 0 0 rg BT 85.50 87.30 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 116.89 87.30 Td (personnel ) Tj ET Q q 0 0 0 rg BT 158.26 87.30 Td (in ) Tj ET Q q 0 0 0 rg BT 168.54 87.30 Td (New ) Tj ET Q q 0 0 0 rg BT 189.55 87.30 Td (Y) Tj ET Q q 0 0 0 rg BT 195.77 87.30 Td (ork ) Tj ET Q q 0 0 0 rg BT 211.60 87.30 Td (and ) Tj ET Q q 0 0 0 rg BT 228.54 87.30 Td (London. ) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (38) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Off-Balance Sheet ) Tj ET Q q 0 0 0 rg BT 129.43 742.25 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 721.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 721.25 Td (e ) Tj ET Q q 0 0 0 rg BT 90.03 721.25 Td (do ) Tj ET Q q 0 0 0 rg BT 102.99 721.25 Td (not ) Tj ET Q q 0 0 0 rg BT 118.72 721.25 Td (invest ) Tj ET Q q 0 0 0 rg BT 145.56 721.25 Td (in ) Tj ET Q q 0 0 0 rg BT 156.30 721.25 Td (any ) Tj ET Q q 0 0 0 rg BT 173.69 721.25 Td (of) Tj ET Q q 0 0 0 rg BT 181.84 721.25 Td (f-balance ) Tj ET Q q 0 0 0 rg BT 221.99 721.25 Td (sheet ) Tj ET Q q 0 0 0 rg BT 245.49 721.25 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 281.21 721.25 Td (that ) Tj ET Q q 0 0 0 rg BT 299.16 721.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 332.66 721.25 Td (financing, ) Tj ET Q q 0 0 0 rg BT 375.88 721.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 409.13 721.25 Td (, ) Tj ET Q q 0 0 0 rg BT 414.58 721.25 Td (market ) Tj ET Q q 0 0 0 rg BT 445.30 721.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 463.26 721.25 Td (or ) Tj ET Q q 0 0 0 rg BT 474.54 721.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 500.26 721.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 518.22 721.25 Td (support, ) Tj ET Q q 0 0 0 rg BT 553.67 721.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (engage ) Tj ET Q q 0 0 0 rg BT 79.78 709.25 Td (in ) Tj ET Q q 0 0 0 rg BT 89.02 709.25 Td (any ) Tj ET Q q 0 0 0 rg BT 104.93 709.25 Td (leasing ) Tj ET Q q 0 0 0 rg BT 134.72 709.25 Td (or ) Tj ET Q q 0 0 0 rg BT 144.51 709.25 Td (hedging ) Tj ET Q q 0 0 0 rg BT 178.19 709.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 215.76 709.25 Td (that ) Tj ET Q q 0 0 0 rg BT 232.22 709.25 Td (expose ) Tj ET Q q 0 0 0 rg BT 261.45 709.25 Td (us ) Tj ET Q q 0 0 0 rg BT 271.81 709.25 Td (to ) Tj ET Q q 0 0 0 rg BT 281.05 709.25 Td (any ) Tj ET Q q 0 0 0 rg BT 296.95 709.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 329.53 709.25 Td (that ) Tj ET Q q 0 0 0 rg BT 345.99 709.25 Td (is ) Tj ET Q q 0 0 0 rg BT 354.12 709.25 Td (not ) Tj ET Q q 0 0 0 rg BT 368.36 709.25 Td (reflected ) Tj ET Q q 0 0 0 rg BT 404.80 709.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.04 709.25 Td (our ) Tj ET Q q 0 0 0 rg BT 428.84 709.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 480.84 709.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 517.29 709.25 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (Market Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 668.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.05 668.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 136.33 668.75 Td (are ) Tj ET Q q 0 0 0 rg BT 151.03 668.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 181.86 668.75 Td (to ) Tj ET Q q 0 0 0 rg BT 192.14 668.75 Td (\(1\)short-term ) Tj ET Q q 0 0 0 rg BT 250.46 668.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 270.72 668.75 Td (investments, ) Tj ET Q q 0 0 0 rg BT 323.50 668.75 Td (which ) Tj ET Q q 0 0 0 rg BT 350.44 668.75 Td (we ) Tj ET Q q 0 0 0 rg BT 364.60 668.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 395.97 668.75 Td (do ) Tj ET Q q 0 0 0 rg BT 408.47 668.75 Td (not ) Tj ET Q q 0 0 0 rg BT 423.75 668.75 Td (face ) Tj ET Q q 0 0 0 rg BT 442.89 668.75 Td (any ) Tj ET Q q 0 0 0 rg BT 459.83 668.75 Td (material ) Tj ET Q q 0 0 0 rg BT 495.09 668.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 527.02 668.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 544.51 668.75 Td (risk, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 656.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 77.61 656.75 Td (price ) Tj ET Q q 0 0 0 rg BT 100.21 656.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 117.82 656.75 Td (or ) Tj ET Q q 0 0 0 rg BT 128.77 656.75 Td (other ) Tj ET Q q 0 0 0 rg BT 151.93 656.75 Td (market ) Tj ET Q q 0 0 0 rg BT 182.30 656.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 199.92 656.75 Td (and ) Tj ET Q q 0 0 0 rg BT 216.97 656.75 Td (\(2\)remaining ) Tj ET Q q 0 0 0 rg BT 274.29 656.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 312.44 656.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 362.83 656.75 Td (in ) Tj ET Q q 0 0 0 rg BT 373.22 656.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 413.04 656.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 447.87 656.75 Td (funds. ) Tj ET Q q 0 0 0 rg BT 475.01 656.75 Td (W) Tj ET Q q 0 0 0 rg BT 483.65 656.75 Td (e ) Tj ET Q q 0 0 0 rg BT 490.70 656.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 528.31 656.75 Td (our ) Tj ET Q q 0 0 0 rg BT 544.25 656.75 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 644.75 Td (and ) Tj ET Q q 0 0 0 rg BT 68.24 644.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 89.81 644.75 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 139.15 644.75 Td (with ) Tj ET Q q 0 0 0 rg BT 160.73 644.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 199.51 644.75 Td (institutions ) Tj ET Q q 0 0 0 rg BT 247.77 644.75 Td (with ) Tj ET Q q 0 0 0 rg BT 269.34 644.75 Td (high ) Tj ET Q q 0 0 0 rg BT 290.92 644.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 317.49 644.75 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 351.01 644.75 Td ( ) Tj ET Q q 0 0 0 rg BT 353.97 644.75 Td (Although ) Tj ET Q q 0 0 0 rg BT 395.55 644.75 Td (these ) Tj ET Q q 0 0 0 rg BT 419.89 644.75 Td (deposits ) Tj ET Q q 0 0 0 rg BT 456.47 644.75 Td (are ) Tj ET Q q 0 0 0 rg BT 472.48 644.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 513.48 644.75 Td (not ) Tj ET Q q 0 0 0 rg BT 530.06 644.75 Td (insured, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 632.75 Td (management ) Tj ET Q q 0 0 0 rg BT 103.57 632.75 Td (believes ) Tj ET Q q 0 0 0 rg BT 138.81 632.75 Td (that ) Tj ET Q q 0 0 0 rg BT 156.29 632.75 Td (we ) Tj ET Q q 0 0 0 rg BT 170.43 632.75 Td (are ) Tj ET Q q 0 0 0 rg BT 185.12 632.75 Td (not ) Tj ET Q q 0 0 0 rg BT 200.38 632.75 Td (exposed ) Tj ET Q q 0 0 0 rg BT 235.63 632.75 Td (to ) Tj ET Q q 0 0 0 rg BT 245.88 632.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 290.58 632.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 315.82 632.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 333.30 632.75 Td (due ) Tj ET Q q 0 0 0 rg BT 350.22 632.75 Td (to ) Tj ET Q q 0 0 0 rg BT 360.48 632.75 Td (the ) Tj ET Q q 0 0 0 rg BT 375.18 632.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 412.64 632.75 Td (position ) Tj ET Q q 0 0 0 rg BT 447.34 632.75 Td (of ) Tj ET Q q 0 0 0 rg BT 458.15 632.75 Td (the ) Tj ET Q q 0 0 0 rg BT 472.85 632.75 Td (depository ) Tj ET Q q 0 0 0 rg BT 517.55 632.75 Td (institutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 620.75 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 620.75 Td (which ) Tj ET Q q 0 0 0 rg BT 87.22 620.75 Td (those ) Tj ET Q q 0 0 0 rg BT 110.83 620.75 Td (deposits ) Tj ET Q q 0 0 0 rg BT 146.10 620.75 Td (are ) Tj ET Q q 0 0 0 rg BT 160.81 620.75 Td (held.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 604.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.30 604.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 106.81 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 123.99 604.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 144.50 604.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 192.79 604.25 Td (are ) Tj ET Q q 0 0 0 rg BT 207.74 604.25 Td (denominated ) Tj ET Q q 0 0 0 rg BT 262.14 604.25 Td (in ) Tj ET Q q 0 0 0 rg BT 272.66 604.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 293.19 604.25 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 325.04 604.25 Td (Australian ) Tj ET Q q 0 0 0 rg BT 369.44 604.25 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 401.90 604.25 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 442.41 604.25 Td (dollars, ) Tj ET Q q 0 0 0 rg BT 474.87 604.25 Td (pound ) Tj ET Q q 0 0 0 rg BT 502.61 604.25 Td (sterling, ) Tj ET Q q 0 0 0 rg BT 537.85 604.25 Td (euros, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (yen, ) Tj ET Q q 0 0 0 rg BT 69.17 592.25 Td (Swedish ) Tj ET Q q 0 0 0 rg BT 105.30 592.25 Td (krona, ) Tj ET Q q 0 0 0 rg BT 132.80 592.25 Td (Brazilian ) Tj ET Q q 0 0 0 rg BT 171.69 592.25 Td (real, ) Tj ET Q q 0 0 0 rg BT 191.41 592.25 Td (and ) Tj ET Q q 0 0 0 rg BT 208.08 592.25 Td (Singapore ) Tj ET Q q 0 0 0 rg BT 250.87 592.25 Td (dollars ) Tj ET Q q 0 0 0 rg BT 280.32 592.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.99 592.25 Td (we ) Tj ET Q q 0 0 0 rg BT 310.89 592.25 Td (face ) Tj ET Q q 0 0 0 rg BT 329.77 592.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 360.88 592.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 398.09 592.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 415.33 592.25 Td (in ) Tj ET Q q 0 0 0 rg BT 425.34 592.25 Td (our ) Tj ET Q q 0 0 0 rg BT 440.91 592.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 460.91 592.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 497.57 592.25 Td (held ) Tj ET Q q 0 0 0 rg BT 517.02 592.25 Td (in ) Tj ET Q q 0 0 0 rg BT 527.04 592.25 Td (accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (outside ) Tj ET Q q 0 0 0 rg BT 83.14 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 99.61 580.25 Td (United ) Tj ET Q q 0 0 0 rg BT 131.08 580.25 Td (States ) Tj ET Q q 0 0 0 rg BT 159.23 580.25 Td (due ) Tj ET Q q 0 0 0 rg BT 177.92 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.95 580.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 229.20 580.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 268.43 580.25 Td (movements ) Tj ET Q q 0 0 0 rg BT 318.79 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 337.48 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.95 580.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 399.30 580.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 432.43 580.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 471.66 580.25 Td (translation ) Tj ET Q q 0 0 0 rg BT 518.13 580.25 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 106.31 568.25 Td (While ) Tj ET Q q 0 0 0 rg BT 132.48 568.25 Td (we ) Tj ET Q q 0 0 0 rg BT 145.88 568.25 Td (do ) Tj ET Q q 0 0 0 rg BT 157.61 568.25 Td (not ) Tj ET Q q 0 0 0 rg BT 172.12 568.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 209.95 568.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 235.56 568.25 Td (against ) Tj ET Q q 0 0 0 rg BT 265.62 568.25 Td (movements ) Tj ET Q q 0 0 0 rg BT 313.46 568.25 Td (in ) Tj ET Q q 0 0 0 rg BT 322.98 568.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 362.46 568.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 385.58 568.25 Td (we ) Tj ET Q q 0 0 0 rg BT 398.97 568.25 Td (may ) Tj ET Q q 0 0 0 rg BT 417.92 568.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 443.53 568.25 Td (our ) Tj ET Q q 0 0 0 rg BT 458.60 568.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 489.21 568.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 525.92 568.25 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (if ) Tj ET Q q 0 0 0 rg BT 58.61 556.25 Td (we ) Tj ET Q q 0 0 0 rg BT 72.77 556.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 101.36 556.25 Td (we ) Tj ET Q q 0 0 0 rg BT 115.52 556.25 Td (will ) Tj ET Q q 0 0 0 rg BT 133.58 556.25 Td (need ) Tj ET Q q 0 0 0 rg BT 154.96 556.25 Td (to ) Tj ET Q q 0 0 0 rg BT 165.23 556.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 186.06 556.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 206.35 556.25 Td (dollar ) Tj ET Q q 0 0 0 rg BT 232.17 556.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 279.12 556.25 Td (with ) Tj ET Q q 0 0 0 rg BT 299.39 556.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 330.77 556.25 Td (currency) Tj ET Q q 0 0 0 rg BT 365.10 556.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 539.75 Td (W) Tj ET Q q 0 0 0 rg BT 76.64 539.75 Td (e ) Tj ET Q q 0 0 0 rg BT 83.57 539.75 Td (monitor ) Tj ET Q q 0 0 0 rg BT 117.73 539.75 Td (the ) Tj ET Q q 0 0 0 rg BT 132.45 539.75 Td (quality ) Tj ET Q q 0 0 0 rg BT 162.72 539.75 Td (of ) Tj ET Q q 0 0 0 rg BT 173.54 539.75 Td (our ) Tj ET Q q 0 0 0 rg BT 189.37 539.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 209.64 539.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 259.91 539.75 Td (on ) Tj ET Q q 0 0 0 rg BT 272.40 539.75 Td (a ) Tj ET Q q 0 0 0 rg BT 279.34 539.75 Td (regular ) Tj ET Q q 0 0 0 rg BT 310.15 539.75 Td (basis ) Tj ET Q q 0 0 0 rg BT 332.65 539.75 Td (and ) Tj ET Q q 0 0 0 rg BT 349.58 539.75 Td (may ) Tj ET Q q 0 0 0 rg BT 369.29 539.75 Td (choose ) Tj ET Q q 0 0 0 rg BT 399.56 539.75 Td (to ) Tj ET Q q 0 0 0 rg BT 409.83 539.75 Td (diversify ) Tj ET Q q 0 0 0 rg BT 447.88 539.75 Td (such ) Tj ET Q q 0 0 0 rg BT 468.71 539.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 518.98 539.75 Td (to ) Tj ET Q q 0 0 0 rg BT 529.25 539.75 Td (mitigate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.75 Td (perceived ) Tj ET Q q 0 0 0 rg BT 90.95 527.75 Td (market ) Tj ET Q q 0 0 0 rg BT 120.81 527.75 Td (risk. ) Tj ET Q q 0 0 0 rg BT 140.24 527.75 Td (W) Tj ET Q q 0 0 0 rg BT 148.88 527.75 Td (e ) Tj ET Q q 0 0 0 rg BT 155.41 527.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 194.70 527.75 Td (retain ) Tj ET Q q 0 0 0 rg BT 219.56 527.75 Td (nominal ) Tj ET Q q 0 0 0 rg BT 254.42 527.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 274.28 527.75 Td (balances ) Tj ET Q q 0 0 0 rg BT 310.79 527.75 Td (in ) Tj ET Q q 0 0 0 rg BT 320.66 527.75 Td (those ) Tj ET Q q 0 0 0 rg BT 343.86 527.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 374.82 527.75 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 426.36 527.75 Td (were ) Tj ET Q q 0 0 0 rg BT 447.88 527.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 478.84 527.75 Td (currency ) Tj ET Q q 0 0 0 rg BT 515.91 527.75 Td (movements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.75 Td (have ) Tj ET Q q 0 0 0 rg BT 71.38 515.75 Td (historically ) Tj ET Q q 0 0 0 rg BT 118.87 515.75 Td (been ) Tj ET Q q 0 0 0 rg BT 140.24 515.75 Td (volatile.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 494.75 Td (W) Tj ET Q q 0 0 0 rg BT 77.04 494.75 Td (ith ) Tj ET Q q 0 0 0 rg BT 89.90 494.75 Td (regard ) Tj ET Q q 0 0 0 rg BT 117.74 494.75 Td (to ) Tj ET Q q 0 0 0 rg BT 127.82 494.75 Td (our ) Tj ET Q q 0 0 0 rg BT 143.46 494.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 193.54 494.75 Td (in ) Tj ET Q q 0 0 0 rg BT 203.62 494.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 243.13 494.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 277.65 494.75 Td (funds, ) Tj ET Q q 0 0 0 rg BT 304.67 494.75 Td (as ) Tj ET Q q 0 0 0 rg BT 315.31 494.75 Td (a ) Tj ET Q q 0 0 0 rg BT 322.05 494.75 Td (result ) Tj ET Q q 0 0 0 rg BT 346.57 494.75 Td (of ) Tj ET Q q 0 0 0 rg BT 357.21 494.75 Td (our ) Tj ET Q q 0 0 0 rg BT 372.84 494.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 390.70 494.75 Td (of ) Tj ET Q q 0 0 0 rg BT 401.33 494.75 Td (substantially ) Tj ET Q q 0 0 0 rg BT 454.19 494.75 Td (all ) Tj ET Q q 0 0 0 rg BT 466.49 494.75 Td (of ) Tj ET Q q 0 0 0 rg BT 477.12 494.75 Td (such ) Tj ET Q q 0 0 0 rg BT 497.76 494.75 Td (investments, ) Tj ET Q q 0 0 0 rg BT 550.33 494.75 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 482.75 Td (no ) Tj ET Q q 0 0 0 rg BT 62.52 482.75 Td (longer ) Tj ET Q q 0 0 0 rg BT 90.60 482.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 121.99 482.75 Td (that ) Tj ET Q q 0 0 0 rg BT 139.51 482.75 Td (we ) Tj ET Q q 0 0 0 rg BT 153.70 482.75 Td (are ) Tj ET Q q 0 0 0 rg BT 168.43 482.75 Td (exposed ) Tj ET Q q 0 0 0 rg BT 203.72 482.75 Td (to ) Tj ET Q q 0 0 0 rg BT 214.02 482.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 258.76 482.75 Td (market ) Tj ET Q q 0 0 0 rg BT 289.05 482.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 306.57 482.75 Td (due ) Tj ET Q q 0 0 0 rg BT 323.54 482.75 Td (to ) Tj ET Q q 0 0 0 rg BT 333.84 482.75 Td (the ) Tj ET Q q 0 0 0 rg BT 348.58 482.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 382.75 482.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 415.27 482.75 Td (of ) Tj ET Q q 0 0 0 rg BT 426.12 482.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 476.42 482.75 Td (and ) Tj ET Q q 0 0 0 rg BT 493.38 482.75 Td (diversification ) Tj ET Q q 0 0 0 rg BT 553.67 482.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 470.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 470.75 Td (remaining ) Tj ET Q q 0 0 0 rg BT 107.76 470.75 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 145.25 470.75 Td (investments.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 449.75 Td (In ) Tj ET Q q 0 0 0 rg BT 78.24 449.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 115.43 449.75 Td (the ) Tj ET Q q 0 0 0 rg BT 129.56 449.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 164.79 449.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 200.59 449.75 Td (of ) Tj ET Q q 0 0 0 rg BT 210.84 449.75 Td (our ) Tj ET Q q 0 0 0 rg BT 226.08 449.75 Td (advisory ) Tj ET Q q 0 0 0 rg BT 262.43 449.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 299.88 449.75 Td (may ) Tj ET Q q 0 0 0 rg BT 319.02 449.75 Td (be ) Tj ET Q q 0 0 0 rg BT 330.37 449.75 Td (af) Tj ET Q q 0 0 0 rg BT 337.96 449.75 Td (fected ) Tj ET Q q 0 0 0 rg BT 364.29 449.75 Td (by ) Tj ET Q q 0 0 0 rg BT 376.21 449.75 Td (movements ) Tj ET Q q 0 0 0 rg BT 424.23 449.75 Td (in ) Tj ET Q q 0 0 0 rg BT 433.92 449.75 Td (the ) Tj ET Q q 0 0 0 rg BT 448.05 449.75 Td (rate ) Tj ET Q q 0 0 0 rg BT 464.95 449.75 Td (of ) Tj ET Q q 0 0 0 rg BT 475.19 449.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 514.86 449.75 Td (in ) Tj ET Q q 0 0 0 rg BT 524.55 449.75 Td (the ) Tj ET Q q 0 0 0 rg BT 538.68 449.75 Td (major ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 84.04 437.75 Td (in ) Tj ET Q q 0 0 0 rg BT 94.20 437.75 Td (which ) Tj ET Q q 0 0 0 rg BT 121.03 437.75 Td (we ) Tj ET Q q 0 0 0 rg BT 135.07 437.75 Td (operate ) Tj ET Q q 0 0 0 rg BT 166.88 437.75 Td (between ) Tj ET Q q 0 0 0 rg BT 202.58 437.75 Td (the ) Tj ET Q q 0 0 0 rg BT 216.66 437.75 Td (Australian ) Tj ET Q q 0 0 0 rg BT 260.70 437.75 Td (dollar) Tj ET Q q 0 0 0 rg BT 283.62 437.75 Td (, ) Tj ET Q q 0 0 0 rg BT 288.51 437.75 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 328.66 437.75 Td (dollar) Tj ET Q q 0 0 0 rg BT 351.58 437.75 Td (, ) Tj ET Q q 0 0 0 rg BT 356.47 437.75 Td (pound ) Tj ET Q q 0 0 0 rg BT 383.85 437.75 Td (sterling, ) Tj ET Q q 0 0 0 rg BT 418.73 437.75 Td (euro, ) Tj ET Q q 0 0 0 rg BT 441.39 437.75 Td (and ) Tj ET Q q 0 0 0 rg BT 458.21 437.75 Td (yen ) Tj ET Q q 0 0 0 rg BT 475.04 437.75 Td (\(in ) Tj ET Q q 0 0 0 rg BT 488.53 437.75 Td (which ) Tj ET Q q 0 0 0 rg BT 515.35 437.75 Td (collectively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.75 Td (31% ) Tj ET Q q 0 0 0 rg BT 69.80 425.75 Td (of ) Tj ET Q q 0 0 0 rg BT 79.60 425.75 Td (our ) Tj ET Q q 0 0 0 rg BT 94.41 425.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 131.42 425.75 Td (for ) Tj ET Q q 0 0 0 rg BT 144.55 425.75 Td (the ) Tj ET Q q 0 0 0 rg BT 158.24 425.75 Td (year ) Tj ET Q q 0 0 0 rg BT 176.92 425.75 Td (ended ) Tj ET Q q 0 0 0 rg BT 202.27 425.75 Td (December ) Tj ET Q q 0 0 0 rg BT 244.82 425.75 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.79 425.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.79 425.75 Td ( ) Tj ET Q q 0 0 0 rg BT 280.27 425.75 Td (were ) Tj ET Q q 0 0 0 rg BT 301.17 425.75 Td (denominated\) ) Tj ET Q q 0 0 0 rg BT 357.62 425.75 Td (and ) Tj ET Q q 0 0 0 rg BT 373.53 425.75 Td (the ) Tj ET Q q 0 0 0 rg BT 387.22 425.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 406.47 425.75 Td (dollar) Tj ET Q q 0 0 0 rg BT 429.40 425.75 Td (, ) Tj ET Q q 0 0 0 rg BT 433.37 425.75 Td (in ) Tj ET Q q 0 0 0 rg BT 442.62 425.75 Td (which ) Tj ET Q q 0 0 0 rg BT 468.53 425.75 Td (our ) Tj ET Q q 0 0 0 rg BT 483.33 425.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.79 425.75 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.75 Td (are ) Tj ET Q q 0 0 0 rg BT 64.85 413.75 Td (denominated. ) Tj ET Q q 0 0 0 rg BT 121.44 413.75 Td (W) Tj ET Q q 0 0 0 rg BT 130.08 413.75 Td (e ) Tj ET Q q 0 0 0 rg BT 137.16 413.75 Td (do ) Tj ET Q q 0 0 0 rg BT 149.80 413.75 Td (not ) Tj ET Q q 0 0 0 rg BT 165.22 413.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 203.95 413.75 Td (hedge ) Tj ET Q q 0 0 0 rg BT 230.47 413.75 Td (against ) Tj ET Q q 0 0 0 rg BT 261.43 413.75 Td (movements ) Tj ET Q q 0 0 0 rg BT 310.17 413.75 Td (in ) Tj ET Q q 0 0 0 rg BT 320.59 413.75 Td (these ) Tj ET Q q 0 0 0 rg BT 343.78 413.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 384.17 413.75 Td (rates. ) Tj ET Q q 0 0 0 rg BT 407.99 413.75 Td (W) Tj ET Q q 0 0 0 rg BT 416.63 413.75 Td (e ) Tj ET Q q 0 0 0 rg BT 423.71 413.75 Td (analyzed ) Tj ET Q q 0 0 0 rg BT 461.88 413.75 Td (our ) Tj ET Q q 0 0 0 rg BT 477.85 413.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 515.48 413.75 Td (exposure ) Tj ET Q q 0 0 0 rg BT 554.22 413.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.75 Td (a ) Tj ET Q q 0 0 0 rg BT 56.87 401.75 Td (decline ) Tj ET Q q 0 0 0 rg BT 88.17 401.75 Td (in ) Tj ET Q q 0 0 0 rg BT 98.38 401.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 138.57 401.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 159.87 401.75 Td (by ) Tj ET Q q 0 0 0 rg BT 172.30 401.75 Td (performing ) Tj ET Q q 0 0 0 rg BT 219.72 401.75 Td (a ) Tj ET Q q 0 0 0 rg BT 226.59 401.75 Td (sensitivity ) Tj ET Q q 0 0 0 rg BT 270.13 401.75 Td (analysis ) Tj ET Q q 0 0 0 rg BT 304.78 401.75 Td (on ) Tj ET Q q 0 0 0 rg BT 317.21 401.75 Td (our ) Tj ET Q q 0 0 0 rg BT 332.97 401.75 Td (net ) Tj ET Q q 0 0 0 rg BT 347.62 401.75 Td (income ) Tj ET Q q 0 0 0 rg BT 379.48 401.75 Td (in ) Tj ET Q q 0 0 0 rg BT 389.69 401.75 Td (those ) Tj ET Q q 0 0 0 rg BT 413.23 401.75 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 465.11 401.75 Td (in ) Tj ET Q q 0 0 0 rg BT 475.31 401.75 Td (which ) Tj ET Q q 0 0 0 rg BT 502.18 401.75 Td (we ) Tj ET Q q 0 0 0 rg BT 516.27 401.75 Td (generated ) Tj ET Q q 0 0 0 rg BT 557.57 401.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 389.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 95.27 389.75 Td (portion ) Tj ET Q q 0 0 0 rg BT 127.21 389.75 Td (of ) Tj ET Q q 0 0 0 rg BT 138.60 389.75 Td (our ) Tj ET Q q 0 0 0 rg BT 154.99 389.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 186.93 389.75 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 226.36 389.75 Td (which ) Tj ET Q q 0 0 0 rg BT 253.86 389.75 Td (included ) Tj ET Q q 0 0 0 rg BT 291.35 389.75 Td (the ) Tj ET Q q 0 0 0 rg BT 306.62 389.75 Td (United ) Tj ET Q q 0 0 0 rg BT 336.90 389.75 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 380.24 389.75 Td (Europe ) Tj ET Q q 0 0 0 rg BT 412.17 389.75 Td (and ) Tj ET Q q 0 0 0 rg BT 428.99 389.75 Td (Australia. ) Tj ET Q q 0 0 0 rg BT 471.21 389.75 Td (During ) Tj ET Q q 0 0 0 rg BT 502.59 389.75 Td (the ) Tj ET Q q 0 0 0 rg BT 517.87 389.75 Td (year ) Tj ET Q q 0 0 0 rg BT 538.13 389.75 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 377.75 Td (December ) Tj ET Q q 0 0 0 rg BT 93.97 377.75 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.35 377.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.35 377.75 Td (, ) Tj ET Q q 0 0 0 rg BT 134.73 377.75 Td (as ) Tj ET Q q 0 0 0 rg BT 145.94 377.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 188.25 377.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.91 377.75 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.91 377.75 Td (, ) Tj ET Q q 0 0 0 rg BT 224.29 377.75 Td (the ) Tj ET Q q 0 0 0 rg BT 239.39 377.75 Td (value ) Tj ET Q q 0 0 0 rg BT 263.93 377.75 Td (of ) Tj ET Q q 0 0 0 rg BT 275.14 377.75 Td (the ) Tj ET Q q 0 0 0 rg BT 290.24 377.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 310.91 377.75 Td (dollar ) Tj ET Q q 0 0 0 rg BT 337.11 377.75 Td (strengthened ) Tj ET Q q 0 0 0 rg BT 391.09 377.75 Td (relative ) Tj ET Q q 0 0 0 rg BT 423.95 377.75 Td (to ) Tj ET Q q 0 0 0 rg BT 434.61 377.75 Td (the ) Tj ET Q q 0 0 0 rg BT 449.08 377.75 Td (Australian ) Tj ET Q q 0 0 0 rg BT 493.61 377.75 Td (dollar) Tj ET Q q 0 0 0 rg BT 516.54 377.75 Td (, ) Tj ET Q q 0 0 0 rg BT 521.92 377.75 Td (the ) Tj ET Q q 0 0 0 rg BT 537.02 377.75 Td (pound ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 365.75 Td (sterling ) Tj ET Q q 0 0 0 rg BT 82.40 365.75 Td (and ) Tj ET Q q 0 0 0 rg BT 99.24 365.75 Td (euro. ) Tj ET Q q 0 0 0 rg BT 121.92 365.75 Td ( ) Tj ET Q q 0 0 0 rg BT 124.32 365.75 Td (In ) Tj ET Q q 0 0 0 rg BT 135.06 365.75 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 178.82 365.75 Td (the ) Tj ET Q q 0 0 0 rg BT 193.44 365.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 223.06 365.75 Td (on ) Tj ET Q q 0 0 0 rg BT 235.47 365.75 Td (our ) Tj ET Q q 0 0 0 rg BT 251.20 365.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 289.14 365.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.33 365.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.33 365.75 Td ( ) Tj ET Q q 0 0 0 rg BT 321.73 365.75 Td (as ) Tj ET Q q 0 0 0 rg BT 332.47 365.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 374.29 365.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.48 365.75 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.48 365.75 Td ( ) Tj ET Q q 0 0 0 rg BT 406.88 365.75 Td (as ) Tj ET Q q 0 0 0 rg BT 417.62 365.75 Td (a ) Tj ET Q q 0 0 0 rg BT 424.46 365.75 Td (result ) Tj ET Q q 0 0 0 rg BT 449.08 365.75 Td (of ) Tj ET Q q 0 0 0 rg BT 459.82 365.75 Td (movements ) Tj ET Q q 0 0 0 rg BT 508.33 365.75 Td (in ) Tj ET Q q 0 0 0 rg BT 518.51 365.75 Td (the ) Tj ET Q q 0 0 0 rg BT 533.13 365.75 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.75 Td (currency ) Tj ET Q q 0 0 0 rg BT 87.27 353.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 127.33 353.75 Td (rates, ) Tj ET Q q 0 0 0 rg BT 151.00 353.75 Td (was ) Tj ET Q q 0 0 0 rg BT 168.85 353.75 Td (not ) Tj ET Q q 0 0 0 rg BT 183.93 353.75 Td (material. ) Tj ET Q q 0 0 0 rg BT 221.49 353.75 Td ( ) Tj ET Q q 0 0 0 rg BT 223.62 353.75 Td (While ) Tj ET Q q 0 0 0 rg BT 250.35 353.75 Td (our ) Tj ET Q q 0 0 0 rg BT 265.98 353.75 Td (earnings ) Tj ET Q q 0 0 0 rg BT 302.16 353.75 Td (are ) Tj ET Q q 0 0 0 rg BT 316.66 353.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 347.29 353.75 Td (to ) Tj ET Q q 0 0 0 rg BT 357.36 353.75 Td (volatility ) Tj ET Q q 0 0 0 rg BT 395.77 353.75 Td (from ) Tj ET Q q 0 0 0 rg BT 417.51 353.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 448.69 353.75 Td (currency ) Tj ET Q q 0 0 0 rg BT 485.96 353.75 Td (changes, ) Tj ET Q q 0 0 0 rg BT 522.97 353.75 Td (we ) Tj ET Q q 0 0 0 rg BT 536.92 353.75 Td (do ) Tj ET Q q 0 0 0 rg BT 549.22 353.75 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 81.37 341.75 Td (we ) Tj ET Q q 0 0 0 rg BT 95.53 341.75 Td (face ) Tj ET Q q 0 0 0 rg BT 114.68 341.75 Td (any ) Tj ET Q q 0 0 0 rg BT 131.62 341.75 Td (material ) Tj ET Q q 0 0 0 rg BT 166.88 341.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 184.38 341.75 Td (in ) Tj ET Q q 0 0 0 rg BT 194.65 341.75 Td (this ) Tj ET Q q 0 0 0 rg BT 211.60 341.75 Td (respect. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 317.75 Td (Critical ) Tj ET Q q 0 0 0 rg BT 84.71 317.75 Td (Accounting Policies and Estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 296.75 Td (W) Tj ET Q q 0 0 0 rg BT 70.64 296.75 Td (e ) Tj ET Q q 0 0 0 rg BT 77.34 296.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 108.47 296.75 Td (that ) Tj ET Q q 0 0 0 rg BT 125.73 296.75 Td (the ) Tj ET Q q 0 0 0 rg BT 140.21 296.75 Td (following ) Tj ET Q q 0 0 0 rg BT 181.36 296.75 Td (discussion ) Tj ET Q q 0 0 0 rg BT 225.29 296.75 Td (addresses ) Tj ET Q q 0 0 0 rg BT 265.87 296.75 Td (Greenhill) Tj ET Q q 0 0 0 rg BT 306.41 296.75 Td (s ) Tj ET Q q 0 0 0 rg BT 312.57 296.75 Td (most ) Tj ET Q q 0 0 0 rg BT 334.28 296.75 Td (critical ) Tj ET Q q 0 0 0 rg BT 364.30 296.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 410.43 296.75 Td (policies, ) Tj ET Q q 0 0 0 rg BT 446.30 296.75 Td (which ) Tj ET Q q 0 0 0 rg BT 473.00 296.75 Td (are ) Tj ET Q q 0 0 0 rg BT 487.47 296.75 Td (those ) Tj ET Q q 0 0 0 rg BT 510.84 296.75 Td (that ) Tj ET Q q 0 0 0 rg BT 528.10 296.75 Td (are ) Tj ET Q q 0 0 0 rg BT 542.57 296.75 Td (most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 284.75 Td (important ) Tj ET Q q 0 0 0 rg BT 90.31 284.75 Td (to ) Tj ET Q q 0 0 0 rg BT 99.52 284.75 Td (the ) Tj ET Q q 0 0 0 rg BT 113.16 284.75 Td (presentation ) Tj ET Q q 0 0 0 rg BT 163.46 284.75 Td (of ) Tj ET Q q 0 0 0 rg BT 173.22 284.75 Td (our ) Tj ET Q q 0 0 0 rg BT 187.98 284.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 224.39 284.75 Td (condition ) Tj ET Q q 0 0 0 rg BT 263.59 284.75 Td (and ) Tj ET Q q 0 0 0 rg BT 279.46 284.75 Td (results ) Tj ET Q q 0 0 0 rg BT 306.99 284.75 Td (of ) Tj ET Q q 0 0 0 rg BT 316.75 284.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 359.83 284.75 Td (and ) Tj ET Q q 0 0 0 rg BT 375.70 284.75 Td (require ) Tj ET Q q 0 0 0 rg BT 405.44 284.75 Td (management) Tj ET Q q 0 0 0 rg BT 459.31 284.75 Td (s ) Tj ET Q q 0 0 0 rg BT 464.63 284.75 Td (most ) Tj ET Q q 0 0 0 rg BT 485.51 284.75 Td (dif) Tj ET Q q 0 0 0 rg BT 496.44 284.75 Td (ficult, ) Tj ET Q q 0 0 0 rg BT 521.47 284.75 Td (subjective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 272.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 272.75 Td (complex ) Tj ET Q q 0 0 0 rg BT 103.87 272.75 Td (judgments.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 246.75 Td (Basis ) Tj ET Q q 0 0 0 rg BT 86.73 246.75 Td (of ) Tj ET Q q 0 0 0 rg BT 97.56 246.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 140.63 246.75 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 225.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 79.76 225.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 132.50 225.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 169.69 225.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 214.10 225.75 Td (are ) Tj ET Q q 0 0 0 rg BT 228.51 225.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 265.69 225.75 Td (in ) Tj ET Q q 0 0 0 rg BT 275.67 225.75 Td (conformity ) Tj ET Q q 0 0 0 rg BT 322.31 225.75 Td (with ) Tj ET Q q 0 0 0 rg BT 342.29 225.75 Td (GAAP) Tj ET Q q 0 0 0 rg BT 369.15 225.75 Td ( ) Tj ET Q q 0 0 0 rg BT 371.35 225.75 Td (in ) Tj ET Q q 0 0 0 rg BT 381.33 225.75 Td (the ) Tj ET Q q 0 0 0 rg BT 395.75 225.75 Td (United ) Tj ET Q q 0 0 0 rg BT 425.17 225.75 Td (States, ) Tj ET Q q 0 0 0 rg BT 453.76 225.75 Td (which ) Tj ET Q q 0 0 0 rg BT 480.41 225.75 Td (require ) Tj ET Q q 0 0 0 rg BT 510.92 225.75 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.75 Td (to ) Tj ET Q q 0 0 0 rg BT 59.13 213.75 Td (make ) Tj ET Q q 0 0 0 rg BT 82.13 213.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 120.69 213.75 Td (and ) Tj ET Q q 0 0 0 rg BT 136.48 213.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 187.28 213.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 226.94 213.75 Td (future ) Tj ET Q q 0 0 0 rg BT 252.17 213.75 Td (events ) Tj ET Q q 0 0 0 rg BT 279.06 213.75 Td (that ) Tj ET Q q 0 0 0 rg BT 295.41 213.75 Td (af) Tj ET Q q 0 0 0 rg BT 303.00 213.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 319.33 213.75 Td (the ) Tj ET Q q 0 0 0 rg BT 332.90 213.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 368.13 213.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 402.80 213.75 Td (in ) Tj ET Q q 0 0 0 rg BT 411.92 213.75 Td (our ) Tj ET Q q 0 0 0 rg BT 426.60 213.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.93 213.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 506.49 213.75 Td (and ) Tj ET Q q 0 0 0 rg BT 522.28 213.75 Td (footnotes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.75 Td (including ) Tj ET Q q 0 0 0 rg BT 91.78 201.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 139.66 201.75 Td (valuations, ) Tj ET Q q 0 0 0 rg BT 187.26 201.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 246.81 201.75 Td (accruals ) Tj ET Q q 0 0 0 rg BT 283.56 201.75 Td (and ) Tj ET Q q 0 0 0 rg BT 302.00 201.75 Td (other ) Tj ET Q q 0 0 0 rg BT 326.55 201.75 Td (matters. ) Tj ET Q q 0 0 0 rg BT 362.49 201.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 418.69 201.75 Td (believes ) Tj ET Q q 0 0 0 rg BT 455.46 201.75 Td (that ) Tj ET Q q 0 0 0 rg BT 474.46 201.75 Td (the ) Tj ET Q q 0 0 0 rg BT 490.67 201.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 531.89 201.75 Td (used ) Tj ET Q q 0 0 0 rg BT 554.22 201.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.75 Td (preparing ) Tj ET Q q 0 0 0 rg BT 92.10 189.75 Td (its ) Tj ET Q q 0 0 0 rg BT 105.34 189.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 159.67 189.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 198.43 189.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 244.43 189.75 Td (are ) Tj ET Q q 0 0 0 rg BT 260.42 189.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 306.97 189.75 Td (and ) Tj ET Q q 0 0 0 rg BT 325.19 189.75 Td (prudent. ) Tj ET Q q 0 0 0 rg BT 361.19 189.75 Td (Actual ) Tj ET Q q 0 0 0 rg BT 391.63 189.75 Td (results ) Tj ET Q q 0 0 0 rg BT 421.53 189.75 Td (could ) Tj ET Q q 0 0 0 rg BT 447.53 189.75 Td (dif) Tj ET Q q 0 0 0 rg BT 458.46 189.75 Td (fer ) Tj ET Q q 0 0 0 rg BT 473.34 189.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 517.67 189.75 Td (from ) Tj ET Q q 0 0 0 rg BT 540.89 189.75 Td (those ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 177.75 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 92.21 177.75 Td ( ) Tj ET Q q 0 0 0 rg BT 94.71 177.75 Td (Certain ) Tj ET Q q 0 0 0 rg BT 126.65 177.75 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 193.56 177.75 Td (have ) Tj ET Q q 0 0 0 rg BT 214.94 177.75 Td (been ) Tj ET Q q 0 0 0 rg BT 236.32 177.75 Td (made ) Tj ET Q q 0 0 0 rg BT 260.47 177.75 Td (to ) Tj ET Q q 0 0 0 rg BT 270.75 177.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 292.69 177.75 Td (year ) Tj ET Q q 0 0 0 rg BT 312.40 177.75 Td (information ) Tj ET Q q 0 0 0 rg BT 362.11 177.75 Td (to ) Tj ET Q q 0 0 0 rg BT 372.39 177.75 Td (conform ) Tj ET Q q 0 0 0 rg BT 408.76 177.75 Td (to ) Tj ET Q q 0 0 0 rg BT 419.04 177.75 Td (current ) Tj ET Q q 0 0 0 rg BT 449.86 177.75 Td (year ) Tj ET Q q 0 0 0 rg BT 469.57 177.75 Td (presentation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 156.75 Td (The ) Tj ET Q q 0 0 0 rg BT 79.75 156.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 132.49 156.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 169.67 156.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 214.08 156.75 Td (include ) Tj ET Q q 0 0 0 rg BT 245.71 156.75 Td (all ) Tj ET Q q 0 0 0 rg BT 257.90 156.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 310.64 156.75 Td (accounts ) Tj ET Q q 0 0 0 rg BT 347.83 156.75 Td (of ) Tj ET Q q 0 0 0 rg BT 358.36 156.75 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 408.60 156.75 Td (Co., ) Tj ET Q q 0 0 0 rg BT 427.47 156.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 444.93 156.75 Td (and ) Tj ET Q q 0 0 0 rg BT 461.57 156.75 Td (all ) Tj ET Q q 0 0 0 rg BT 473.76 156.75 Td (other ) Tj ET Q q 0 0 0 rg BT 496.51 156.75 Td (entities ) Tj ET Q q 0 0 0 rg BT 527.59 156.75 Td (in ) Tj ET Q q 0 0 0 rg BT 537.57 156.75 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 144.75 Td (we ) Tj ET Q q 0 0 0 rg BT 64.57 144.75 Td (have ) Tj ET Q q 0 0 0 rg BT 86.36 144.75 Td (a ) Tj ET Q q 0 0 0 rg BT 93.71 144.75 Td (controlling ) Tj ET Q q 0 0 0 rg BT 140.50 144.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 172.84 144.75 Td (after ) Tj ET Q q 0 0 0 rg BT 194.07 144.75 Td (eliminations ) Tj ET Q q 0 0 0 rg BT 246.42 144.75 Td (of ) Tj ET Q q 0 0 0 rg BT 257.66 144.75 Td (all ) Tj ET Q q 0 0 0 rg BT 270.56 144.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 315.68 144.75 Td (inter) Tj ET Q q 0 0 0 rg BT 333.81 144.75 Td (-company ) Tj ET Q q 0 0 0 rg BT 376.70 144.75 Td (accounts ) Tj ET Q q 0 0 0 rg BT 414.60 144.75 Td (and ) Tj ET Q q 0 0 0 rg BT 431.95 144.75 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 485.12 144.75 Td (In ) Tj ET Q q 0 0 0 rg BT 496.36 144.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 544.23 144.75 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 132.75 Td (the ) Tj ET Q q 0 0 0 rg BT 63.60 132.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 108.86 132.75 Td (pronouncements ) Tj ET Q q 0 0 0 rg BT 176.34 132.75 Td (on ) Tj ET Q q 0 0 0 rg BT 187.73 132.75 Td (the ) Tj ET Q q 0 0 0 rg BT 201.33 132.75 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 256.60 132.75 Td (of ) Tj ET Q q 0 0 0 rg BT 266.32 132.75 Td (variable ) Tj ET Q q 0 0 0 rg BT 299.91 132.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 330.73 132.75 Td (entities, ) Tj ET Q q 0 0 0 rg BT 363.50 132.75 Td (we ) Tj ET Q q 0 0 0 rg BT 376.54 132.75 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 423.47 132.75 Td (the ) Tj ET Q q 0 0 0 rg BT 437.08 132.75 Td (general ) Tj ET Q q 0 0 0 rg BT 467.89 132.75 Td (partners ) Tj ET Q q 0 0 0 rg BT 501.48 132.75 Td (of ) Tj ET Q q 0 0 0 rg BT 511.20 132.75 Td (the ) Tj ET Q q 0 0 0 rg BT 524.80 132.75 Td (merchant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 120.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 84.63 120.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 109.26 120.75 Td (in ) Tj ET Q q 0 0 0 rg BT 119.44 120.75 Td (which ) Tj ET Q q 0 0 0 rg BT 146.29 120.75 Td (it ) Tj ET Q q 0 0 0 rg BT 154.26 120.75 Td (has ) Tj ET Q q 0 0 0 rg BT 169.99 120.75 Td (a ) Tj ET Q q 0 0 0 rg BT 176.84 120.75 Td (majority ) Tj ET Q q 0 0 0 rg BT 213.13 120.75 Td (of ) Tj ET Q q 0 0 0 rg BT 223.87 120.75 Td (the ) Tj ET Q q 0 0 0 rg BT 238.50 120.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 279.78 120.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 311.62 120.75 Td (and ) Tj ET Q q 0 0 0 rg BT 328.47 120.75 Td (control. ) Tj ET Q q 0 0 0 rg BT 361.53 120.75 Td (The ) Tj ET Q q 0 0 0 rg BT 379.48 120.75 Td (general ) Tj ET Q q 0 0 0 rg BT 411.31 120.75 Td (partners ) Tj ET Q q 0 0 0 rg BT 445.93 120.75 Td (account ) Tj ET Q q 0 0 0 rg BT 479.43 120.75 Td (for ) Tj ET Q q 0 0 0 rg BT 493.50 120.75 Td (their ) Tj ET Q q 0 0 0 rg BT 514.23 120.75 Td (investments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.75 Td (in ) Tj ET Q q 0 0 0 rg BT 60.71 108.75 Td (the ) Tj ET Q q 0 0 0 rg BT 75.86 108.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 116.00 108.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 151.15 108.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 176.31 108.75 Td (under ) Tj ET Q q 0 0 0 rg BT 202.01 108.75 Td (the ) Tj ET Q q 0 0 0 rg BT 217.16 108.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 245.09 108.75 Td (method ) Tj ET Q q 0 0 0 rg BT 278.02 108.75 Td (of ) Tj ET Q q 0 0 0 rg BT 289.29 108.75 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 337.95 108.75 Td (As ) Tj ET Q q 0 0 0 rg BT 351.99 108.75 Td (such, ) Tj ET Q q 0 0 0 rg BT 375.76 108.75 Td (the ) Tj ET Q q 0 0 0 rg BT 390.91 108.75 Td (general ) Tj ET Q q 0 0 0 rg BT 423.27 108.75 Td (partners ) Tj ET Q q 0 0 0 rg BT 458.41 108.75 Td (record ) Tj ET Q q 0 0 0 rg BT 486.88 108.75 Td (their ) Tj ET Q q 0 0 0 rg BT 508.14 108.75 Td (proportionate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 77.03 96.75 Td (of ) Tj ET Q q 0 0 0 rg BT 87.40 96.75 Td (income ) Tj ET Q q 0 0 0 rg BT 118.88 96.75 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 143.14 96.75 Td (from ) Tj ET Q q 0 0 0 rg BT 164.62 96.75 Td (the ) Tj ET Q q 0 0 0 rg BT 178.88 96.75 Td (underlying ) Tj ET Q q 0 0 0 rg BT 224.24 96.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 263.49 96.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 297.74 96.75 Td (funds. ) Tj ET Q q 0 0 0 rg BT 324.51 96.75 Td ( ) Tj ET Q q 0 0 0 rg BT 326.10 96.75 Td (As ) Tj ET Q q 0 0 0 rg BT 339.25 96.75 Td (the ) Tj ET Q q 0 0 0 rg BT 353.51 96.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 392.75 96.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 427.01 96.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 451.27 96.75 Td (follow ) Tj ET Q q 0 0 0 rg BT 479.42 96.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 525.35 96.75 Td (company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.75 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 98.73 84.75 Td (and ) Tj ET Q q 0 0 0 rg BT 115.52 84.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 155.08 84.75 Td (record ) Tj ET Q q 0 0 0 rg BT 182.97 84.75 Td (all ) Tj ET Q q 0 0 0 rg BT 195.32 84.75 Td (their ) Tj ET Q q 0 0 0 rg BT 216.00 84.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 241.69 84.75 Td (and ) Tj ET Q q 0 0 0 rg BT 258.48 84.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 298.05 84.75 Td (at ) Tj ET Q q 0 0 0 rg BT 307.62 84.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 323.85 84.75 Td (value, ) Tj ET Q q 0 0 0 rg BT 350.36 84.75 Td (the ) Tj ET Q q 0 0 0 rg BT 364.94 84.75 Td (general ) Tj ET Q q 0 0 0 rg BT 396.71 84.75 Td (partners) Tj ET Q q 0 0 0 rg BT 431.51 84.75 Td ( ) Tj ET Q q 0 0 0 rg BT 433.86 84.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 480.10 84.75 Td (in ) Tj ET Q q 0 0 0 rg BT 490.23 84.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 529.79 84.75 Td (banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 75.28 72.75 Td (represents ) Tj ET Q q 0 0 0 rg BT 118.88 72.75 Td (an ) Tj ET Q q 0 0 0 rg BT 131.39 72.75 Td (estimation ) Tj ET Q q 0 0 0 rg BT 176.11 72.75 Td (of ) Tj ET Q q 0 0 0 rg BT 187.50 72.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 204.44 72.75 Td (value. ) Tj ET Q q 0 0 0 rg BT 231.44 72.75 Td (W) Tj ET Q q 0 0 0 rg BT 240.08 72.75 Td (e ) Tj ET Q q 0 0 0 rg BT 247.58 72.75 Td (do ) Tj ET Q q 0 0 0 rg BT 260.64 72.75 Td (not ) Tj ET Q q 0 0 0 rg BT 276.48 72.75 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 325.09 72.75 Td (the ) Tj ET Q q 0 0 0 rg BT 340.37 72.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 380.63 72.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 415.91 72.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 441.20 72.75 Td (since ) Tj ET Q q 0 0 0 rg BT 464.81 72.75 Td (we, ) Tj ET Q q 0 0 0 rg BT 482.03 72.75 Td (through ) Tj ET Q q 0 0 0 rg BT 516.20 72.75 Td (our ) Tj ET Q q 0 0 0 rg BT 532.59 72.75 Td (general ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.75 Td (partner ) Tj ET Q q 0 0 0 rg BT 80.87 60.75 Td (and ) Tj ET Q q 0 0 0 rg BT 97.85 60.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 128.73 60.75 Td (partner ) Tj ET Q q 0 0 0 rg BT 159.60 60.75 Td (interests, ) Tj ET Q q 0 0 0 rg BT 197.98 60.75 Td (do ) Tj ET Q q 0 0 0 rg BT 210.53 60.75 Td (not ) Tj ET Q q 0 0 0 rg BT 225.85 60.75 Td (have ) Tj ET Q q 0 0 0 rg BT 247.28 60.75 Td (a ) Tj ET Q q 0 0 0 rg BT 254.27 60.75 Td (majority ) Tj ET Q q 0 0 0 rg BT 290.70 60.75 Td (of ) Tj ET Q q 0 0 0 rg BT 301.58 60.75 Td (the ) Tj ET Q q 0 0 0 rg BT 316.35 60.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 357.77 60.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 389.76 60.75 Td (in ) Tj ET Q q 0 0 0 rg BT 400.09 60.75 Td (such ) Tj ET Q q 0 0 0 rg BT 420.97 60.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 445.74 60.75 Td (and ) Tj ET Q q 0 0 0 rg BT 462.73 60.75 Td (the ) Tj ET Q q 0 0 0 rg BT 477.49 60.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 508.37 60.75 Td (partners ) Tj ET Q q 0 0 0 rg BT 543.13 60.75 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.70 48.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 104.98 48.75 Td (to ) Tj ET Q q 0 0 0 rg BT 115.26 48.75 Td (remove ) Tj ET Q q 0 0 0 rg BT 147.74 48.75 Td (the ) Tj ET Q q 0 0 0 rg BT 162.46 48.75 Td (general ) Tj ET Q q 0 0 0 rg BT 194.38 48.75 Td (partner ) Tj ET Q q 0 0 0 rg BT 225.20 48.75 Td (by ) Tj ET Q q 0 0 0 rg BT 237.70 48.75 Td (a ) Tj ET Q q 0 0 0 rg BT 244.64 48.75 Td (simple ) Tj ET Q q 0 0 0 rg BT 273.80 48.75 Td (majority ) Tj ET Q q 0 0 0 rg BT 310.19 48.75 Td (vote ) Tj ET Q q 0 0 0 rg BT 329.90 48.75 Td (of ) Tj ET Q q 0 0 0 rg BT 340.73 48.75 Td (unaf) Tj ET Q q 0 0 0 rg BT 358.32 48.75 Td (filiated ) Tj ET Q q 0 0 0 rg BT 389.14 48.75 Td (third-party ) Tj ET Q q 0 0 0 rg BT 434.40 48.75 Td (investors.) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (39) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 742.25 Td (Revenue Recognition) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 725.25 Td (Advisory Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 701.25 Td (It ) Tj ET Q q 0 0 0 rg BT 85.54 701.25 Td (is ) Tj ET Q q 0 0 0 rg BT 94.64 701.25 Td (our ) Tj ET Q q 0 0 0 rg BT 110.40 701.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 137.83 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 148.04 701.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 189.33 701.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 223.40 701.25 Td (when ) Tj ET Q q 0 0 0 rg BT 247.50 701.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 259.36 701.25 Td (there ) Tj ET Q q 0 0 0 rg BT 281.78 701.25 Td (is ) Tj ET Q q 0 0 0 rg BT 290.88 701.25 Td (persuasive ) Tj ET Q q 0 0 0 rg BT 335.52 701.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 373.48 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.24 701.25 Td (an ) Tj ET Q q 0 0 0 rg BT 396.11 701.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 448.51 701.25 Td (with ) Tj ET Q q 0 0 0 rg BT 468.72 701.25 Td (a ) Tj ET Q q 0 0 0 rg BT 475.59 701.25 Td (client, ) Tj ET Q q 0 0 0 rg BT 502.73 701.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 517.38 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.03 701.25 Td (agreed-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 73.25 689.25 Td (services ) Tj ET Q q 0 0 0 rg BT 108.71 689.25 Td (have ) Tj ET Q q 0 0 0 rg BT 130.83 689.25 Td (been ) Tj ET Q q 0 0 0 rg BT 152.96 689.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 197.86 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 215.55 689.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 256.00 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 267.03 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.49 689.25 Td (client ) Tj ET Q q 0 0 0 rg BT 307.95 689.25 Td (or ) Tj ET Q q 0 0 0 rg BT 319.53 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.00 689.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 382.12 689.25 Td (or ) Tj ET Q q 0 0 0 rg BT 393.70 689.25 Td (events ) Tj ET Q q 0 0 0 rg BT 422.50 689.25 Td (noted ) Tj ET Q q 0 0 0 rg BT 447.96 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 458.99 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.46 689.25 Td (engagement ) Tj ET Q q 0 0 0 rg BT 526.02 689.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 549.81 689.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.48 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.76 677.25 Td (be ) Tj ET Q q 0 0 0 rg BT 119.70 677.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 172.75 677.25 Td (complete, ) Tj ET Q q 0 0 0 rg BT 214.40 677.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 231.89 677.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 250.49 677.25 Td (are ) Tj ET Q q 0 0 0 rg BT 265.20 677.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 288.25 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.19 677.25 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 362.38 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.32 677.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 396.26 677.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 438.19 677.25 Td (is ) Tj ET Q q 0 0 0 rg BT 447.36 677.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 493.17 677.25 Td (assured.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 653.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 653.25 Td (e ) Tj ET Q q 0 0 0 rg BT 91.75 653.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 132.28 653.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 168.39 653.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 182.27 653.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 219.48 653.25 Td (for ) Tj ET Q q 0 0 0 rg BT 232.81 653.25 Td (mer) Tj ET Q q 0 0 0 rg BT 248.18 653.25 Td (gers ) Tj ET Q q 0 0 0 rg BT 266.51 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.62 653.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 332.06 653.25 Td (or ) Tj ET Q q 0 0 0 rg BT 342.06 653.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 381.50 653.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 417.61 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.72 653.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 486.48 653.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 540.36 653.25 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.20 641.25 Td (services ) Tj ET Q q 0 0 0 rg BT 100.39 641.25 Td (related ) Tj ET Q q 0 0 0 rg BT 130.57 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 141.33 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.53 641.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 202.84 641.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 253.59 641.25 Td (are ) Tj ET Q q 0 0 0 rg BT 268.78 641.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 313.41 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 324.17 641.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 372.11 641.25 Td (with ) Tj ET Q q 0 0 0 rg BT 392.87 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.07 641.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 433.27 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.58 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.78 641.25 Td (engagement ) Tj ET Q q 0 0 0 rg BT 511.08 641.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 534.60 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 552.02 641.25 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.25 Td (other ) Tj ET Q q 0 0 0 rg BT 73.05 629.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 127.75 629.25 Td (for ) Tj ET Q q 0 0 0 rg BT 141.91 629.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 176.05 629.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 224.10 629.25 Td (are ) Tj ET Q q 0 0 0 rg BT 238.80 629.25 Td (satisfied.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 605.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 605.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.22 605.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 133.24 605.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 162.03 605.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 198.62 605.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 216.87 605.25 Td (from ) Tj ET Q q 0 0 0 rg BT 238.46 605.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 272.26 605.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 301.06 605.25 Td (raising ) Tj ET Q q 0 0 0 rg BT 330.42 605.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 380.33 605.25 Td (at ) Tj ET Q q 0 0 0 rg BT 389.70 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.07 605.25 Td (time ) Tj ET Q q 0 0 0 rg BT 423.99 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 434.47 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.83 605.25 Td (client's ) Tj ET Q q 0 0 0 rg BT 478.88 605.25 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 524.88 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 535.36 605.25 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 593.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.28 593.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 90.88 593.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 148.26 593.25 Td (to ) Tj ET Q q 0 0 0 rg BT 158.99 593.25 Td (a ) Tj ET Q q 0 0 0 rg BT 166.38 593.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 187.66 593.25 Td (in ) Tj ET Q q 0 0 0 rg BT 198.38 593.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 246.29 593.25 Td (with ) Tj ET Q q 0 0 0 rg BT 267.02 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.18 593.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 307.35 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 318.63 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.79 593.25 Td (engagement ) Tj ET Q q 0 0 0 rg BT 385.05 593.25 Td (letter) Tj ET Q q 0 0 0 rg BT 405.04 593.25 Td (. ) Tj ET Q q 0 0 0 rg BT 410.49 593.25 Td ( ) Tj ET Q q 0 0 0 rg BT 413.44 593.25 Td (Generally) Tj ET Q q 0 0 0 rg BT 452.21 593.25 Td (, ) Tj ET Q q 0 0 0 rg BT 457.66 593.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 472.81 593.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 507.41 593.25 Td (is ) Tj ET Q q 0 0 0 rg BT 517.03 593.25 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.25 Td (based ) Tj ET Q q 0 0 0 rg BT 75.93 581.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 99.10 581.25 Td (a ) Tj ET Q q 0 0 0 rg BT 106.70 581.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 130.41 581.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 176.88 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.37 581.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 218.18 581.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 264.12 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 275.06 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.44 581.25 Td (fund. ) Tj ET Q q 0 0 0 rg BT 314.43 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 317.60 581.25 Td (For ) Tj ET Q q 0 0 0 rg BT 334.65 581.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 371.15 581.25 Td (closings, ) Tj ET Q q 0 0 0 rg BT 409.59 581.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 444.40 581.25 Td (is ) Tj ET Q q 0 0 0 rg BT 454.23 581.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 501.26 581.25 Td (at ) Tj ET Q q 0 0 0 rg BT 511.64 581.25 Td (each ) Tj ET Q q 0 0 0 rg BT 533.12 581.25 Td (interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 82.00 569.25 Td (based ) Tj ET Q q 0 0 0 rg BT 107.88 569.25 Td (on ) Tj ET Q q 0 0 0 rg BT 120.99 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.31 569.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 169.42 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.86 569.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 210.62 569.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 256.50 569.25 Td (at ) Tj ET Q q 0 0 0 rg BT 266.83 569.25 Td (each ) Tj ET Q q 0 0 0 rg BT 288.25 569.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 320.25 569.25 Td (at ) Tj ET Q q 0 0 0 rg BT 330.58 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.90 569.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 369.56 569.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 384.88 569.25 Td (percentage. ) Tj ET Q q 0 0 0 rg BT 433.79 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 436.21 569.25 Td (At ) Tj ET Q q 0 0 0 rg BT 449.32 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.65 569.25 Td (final ) Tj ET Q q 0 0 0 rg BT 486.09 569.25 Td (closing, ) Tj ET Q q 0 0 0 rg BT 520.58 569.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 555.34 569.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.36 557.25 Td (at ) Tj ET Q q 0 0 0 rg BT 106.08 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.80 557.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 143.84 557.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 189.64 557.25 Td (for ) Tj ET Q q 0 0 0 rg BT 203.80 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.52 557.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 251.02 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.85 557.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 291.00 557.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 336.26 557.25 Td (since ) Tj ET Q q 0 0 0 rg BT 359.31 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.03 557.25 Td (last ) Tj ET Q q 0 0 0 rg BT 390.42 557.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 421.80 557.25 Td (closing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 533.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 533.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.18 533.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 133.14 533.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 161.89 533.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 198.43 533.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 216.63 533.25 Td (from ) Tj ET Q q 0 0 0 rg BT 238.17 533.25 Td (secondary ) Tj ET Q q 0 0 0 rg BT 280.81 533.25 Td (market ) Tj ET Q q 0 0 0 rg BT 310.67 533.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 360.54 533.25 Td (at ) Tj ET Q q 0 0 0 rg BT 369.86 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 384.17 533.25 Td (time ) Tj ET Q q 0 0 0 rg BT 404.05 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.37 533.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 436.01 533.25 Td (or ) Tj ET Q q 0 0 0 rg BT 446.45 533.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 479.08 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.52 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 503.83 533.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 532.58 533.25 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 521.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.81 521.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 104.61 521.25 Td (in ) Tj ET Q q 0 0 0 rg BT 115.53 521.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 163.63 521.25 Td (with ) Tj ET Q q 0 0 0 rg BT 184.56 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.92 521.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 225.28 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.75 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.11 521.25 Td (engagement ) Tj ET Q q 0 0 0 rg BT 303.56 521.25 Td (letter) Tj ET Q q 0 0 0 rg BT 323.55 521.25 Td (. ) Tj ET Q q 0 0 0 rg BT 329.20 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 332.34 521.25 Td (Generally) Tj ET Q q 0 0 0 rg BT 371.12 521.25 Td (, ) Tj ET Q q 0 0 0 rg BT 376.76 521.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 392.11 521.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 426.90 521.25 Td (is ) Tj ET Q q 0 0 0 rg BT 436.71 521.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 484.84 521.25 Td (based ) Tj ET Q q 0 0 0 rg BT 510.75 521.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 533.89 521.25 Td (a ) Tj ET Q q 0 0 0 rg BT 541.47 521.25 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 95.80 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.63 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.35 509.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 167.72 509.25 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 485.25 Td (While ) Tj ET Q q 0 0 0 rg BT 104.23 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.25 485.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 155.93 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.06 485.25 Td (our ) Tj ET Q q 0 0 0 rg BT 183.19 485.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 198.20 485.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 232.64 485.25 Td (is ) Tj ET Q q 0 0 0 rg BT 242.11 485.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 271.55 485.25 Td (at ) Tj ET Q q 0 0 0 rg BT 281.57 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.59 485.25 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 342.71 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 353.84 485.25 Td (a ) Tj ET Q q 0 0 0 rg BT 361.08 485.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 407.75 485.25 Td (or ) Tj ET Q q 0 0 0 rg BT 418.88 485.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 450.56 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 461.69 485.25 Td (a ) Tj ET Q q 0 0 0 rg BT 468.93 485.25 Td (fund, ) Tj ET Q q 0 0 0 rg BT 492.56 485.25 Td (on-going ) Tj ET Q q 0 0 0 rg BT 531.47 485.25 Td (retainer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 70.30 473.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 122.54 473.25 Td (all ) Tj ET Q q 0 0 0 rg BT 134.24 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.26 473.25 Td (which ) Tj ET Q q 0 0 0 rg BT 170.40 473.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 194.30 473.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.77 473.25 Td (non-success ) Tj ET Q q 0 0 0 rg BT 253.79 473.25 Td (based ) Tj ET Q q 0 0 0 rg BT 278.25 473.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 313.82 473.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 349.96 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 366.09 473.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 405.55 473.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 441.69 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.82 473.25 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 510.62 473.25 Td (assignments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 461.25 Td (also ) Tj ET Q q 0 0 0 rg BT 83.32 461.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 112.46 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.40 461.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 175.76 461.25 Td (as ) Tj ET Q q 0 0 0 rg BT 186.59 461.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 223.53 461.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 238.24 461.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 272.38 461.25 Td (over ) Tj ET Q q 0 0 0 rg BT 292.65 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.37 461.25 Td (period ) Tj ET Q q 0 0 0 rg BT 335.42 461.25 Td (in ) Tj ET Q q 0 0 0 rg BT 345.69 461.25 Td (which ) Tj ET Q q 0 0 0 rg BT 372.63 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.35 461.25 Td (related ) Tj ET Q q 0 0 0 rg BT 417.05 461.25 Td (service ) Tj ET Q q 0 0 0 rg BT 447.87 461.25 Td (is ) Tj ET Q q 0 0 0 rg BT 457.04 461.25 Td (rendered.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 437.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 95.09 437.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 123.74 437.25 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 166.27 437.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 196.01 437.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 234.66 437.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 270.51 437.25 Td (by ) Tj ET Q q 0 0 0 rg BT 283.06 437.25 Td (us ) Tj ET Q q 0 0 0 rg BT 294.49 437.25 Td (in ) Tj ET Q q 0 0 0 rg BT 304.81 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.57 437.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 353.77 437.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.64 437.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 401.63 437.25 Td (engagements. ) Tj ET Q q 0 0 0 rg BT 458.87 437.25 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 499.18 437.25 Td (are ) Tj ET Q q 0 0 0 rg BT 513.93 437.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 549.79 437.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 425.25 Td (such ) Tj ET Q q 0 0 0 rg BT 81.66 425.25 Td (client ) Tj ET Q q 0 0 0 rg BT 106.37 425.25 Td (reimbursements. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 399.25 Td (Investment Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 375.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 123.30 375.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 160.71 375.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 190.36 375.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.56 375.25 Td (\(i\)gains ) Tj ET Q q 0 0 0 rg BT 235.48 375.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 249.01 375.25 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 278.10 375.25 Td (on ) Tj ET Q q 0 0 0 rg BT 289.97 375.25 Td (our ) Tj ET Q q 0 0 0 rg BT 305.17 375.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 354.81 375.25 Td (in ) Tj ET Q q 0 0 0 rg BT 364.46 375.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 393.53 375.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 432.61 375.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 466.69 375.25 Td (funds, ) Tj ET Q q 0 0 0 rg BT 493.28 375.25 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 525.15 375.25 Td (and ) Tj ET Q q 0 0 0 rg BT 541.46 375.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 363.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 102.77 363.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.71 363.25 Td (\(ii\)interest ) Tj ET Q q 0 0 0 rg BT 166.36 363.25 Td (income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 342.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 342.25 Td (e ) Tj ET Q q 0 0 0 rg BT 91.83 342.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 132.44 342.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 165.84 342.25 Td (on ) Tj ET Q q 0 0 0 rg BT 177.60 342.25 Td (our ) Tj ET Q q 0 0 0 rg BT 192.68 342.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 242.21 342.25 Td (in ) Tj ET Q q 0 0 0 rg BT 251.74 342.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 290.69 342.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 324.66 342.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 348.64 342.25 Td (based ) Tj ET Q q 0 0 0 rg BT 373.16 342.25 Td (on ) Tj ET Q q 0 0 0 rg BT 384.91 342.25 Td (our ) Tj ET Q q 0 0 0 rg BT 399.99 342.25 Td (allocable ) Tj ET Q q 0 0 0 rg BT 437.83 342.25 Td (share ) Tj ET Q q 0 0 0 rg BT 460.69 342.25 Td (of ) Tj ET Q q 0 0 0 rg BT 470.77 342.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 504.16 342.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.35 342.25 Td (unrealized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 330.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 73.46 330.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 87.47 330.25 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 117.04 330.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 152.70 330.25 Td (by ) Tj ET Q q 0 0 0 rg BT 165.05 330.25 Td (such ) Tj ET Q q 0 0 0 rg BT 185.73 330.25 Td (funds. ) Tj ET Q q 0 0 0 rg BT 212.63 330.25 Td (W) Tj ET Q q 0 0 0 rg BT 221.27 330.25 Td (e ) Tj ET Q q 0 0 0 rg BT 228.05 330.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 269.26 330.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 303.26 330.25 Td (on ) Tj ET Q q 0 0 0 rg BT 315.61 330.25 Td (our ) Tj ET Q q 0 0 0 rg BT 331.29 330.25 Td (other ) Tj ET Q q 0 0 0 rg BT 354.18 330.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 406.80 330.25 Td (including ) Tj ET Q q 0 0 0 rg BT 446.92 330.25 Td (Iridium, ) Tj ET Q q 0 0 0 rg BT 481.77 330.25 Td (which ) Tj ET Q q 0 0 0 rg BT 508.56 330.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 548.67 330.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 318.25 Td (influence ) Tj ET Q q 0 0 0 rg BT 89.58 318.25 Td (or ) Tj ET Q q 0 0 0 rg BT 100.29 318.25 Td (control ) Tj ET Q q 0 0 0 rg BT 130.99 318.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.70 318.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.29 318.25 Td (investee, ) Tj ET Q q 0 0 0 rg BT 193.93 318.25 Td (based ) Tj ET Q q 0 0 0 rg BT 219.08 318.25 Td (on ) Tj ET Q q 0 0 0 rg BT 231.45 318.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 254.94 318.25 Td (and ) Tj ET Q q 0 0 0 rg BT 271.75 318.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 298.02 318.25 Td (on ) Tj ET Q q 0 0 0 rg BT 310.40 318.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 356.66 318.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 395.15 318.25 Td (held, ) Tj ET Q q 0 0 0 rg BT 417.25 318.25 Td (which ) Tj ET Q q 0 0 0 rg BT 444.06 318.25 Td (arise ) Tj ET Q q 0 0 0 rg BT 465.32 318.25 Td (from ) Tj ET Q q 0 0 0 rg BT 487.13 318.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 508.95 318.25 Td (or ) Tj ET Q q 0 0 0 rg BT 519.65 318.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.24 318.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 306.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.56 306.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 80.79 306.25 Td (value ) Tj ET Q q 0 0 0 rg BT 104.79 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.47 306.25 Td (investments. ) Tj ET Q q 0 0 0 rg BT 167.92 306.25 Td (The ) Tj ET Q q 0 0 0 rg BT 185.82 306.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 218.16 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.84 306.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 252.29 306.25 Td (or ) Tj ET Q q 0 0 0 rg BT 262.97 306.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 289.21 306.25 Td (are ) Tj ET Q q 0 0 0 rg BT 303.76 306.25 Td (not ) Tj ET Q q 0 0 0 rg BT 318.89 306.25 Td (predictable ) Tj ET Q q 0 0 0 rg BT 365.66 306.25 Td (and ) Tj ET Q q 0 0 0 rg BT 382.44 306.25 Td (can ) Tj ET Q q 0 0 0 rg BT 398.67 306.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 423.22 306.25 Td (periodic ) Tj ET Q q 0 0 0 rg BT 458.33 306.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 507.89 306.25 Td (in ) Tj ET Q q 0 0 0 rg BT 518.02 306.25 Td (net ) Tj ET Q q 0 0 0 rg BT 532.58 306.25 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 294.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 294.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 105.52 294.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 136.35 294.25 Td (us ) Tj ET Q q 0 0 0 rg BT 147.74 294.25 Td (to ) Tj ET Q q 0 0 0 rg BT 158.02 294.25 Td (market ) Tj ET Q q 0 0 0 rg BT 188.28 294.25 Td (and ) Tj ET Q q 0 0 0 rg BT 205.22 294.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 230.48 294.25 Td (risk.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 273.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 85.62 273.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.68 273.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 127.31 273.25 Td (Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 256.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 93.48 256.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 115.17 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.54 256.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 155.24 256.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 204.71 256.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 236.41 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.67 256.25 Td (\(i\)cash ) Tj ET Q q 0 0 0 rg BT 282.30 256.25 Td (held ) Tj ET Q q 0 0 0 rg BT 303.45 256.25 Td (on ) Tj ET Q q 0 0 0 rg BT 317.37 256.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 350.19 256.25 Td (with ) Tj ET Q q 0 0 0 rg BT 371.89 256.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 410.80 256.25 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 461.68 256.25 Td (\(ii\)cash ) Tj ET Q q 0 0 0 rg BT 498.09 256.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 547.56 256.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 244.25 Td (\(iii\)restricted ) Tj ET Q q 0 0 0 rg BT 107.87 244.25 Td (cash. ) Tj ET Q q 0 0 0 rg BT 131.32 244.25 Td ( ) Tj ET Q q 0 0 0 rg BT 134.26 244.25 Td (The ) Tj ET Q q 0 0 0 rg BT 152.98 244.25 Td (Firm ) Tj ET Q q 0 0 0 rg BT 175.61 244.25 Td (maintains ) Tj ET Q q 0 0 0 rg BT 217.67 244.25 Td (its ) Tj ET Q q 0 0 0 rg BT 230.29 244.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 251.23 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 268.85 244.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 289.79 244.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 338.51 244.25 Td (with ) Tj ET Q q 0 0 0 rg BT 359.46 244.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 397.62 244.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 445.25 244.25 Td (with ) Tj ET Q q 0 0 0 rg BT 466.20 244.25 Td (high ) Tj ET Q q 0 0 0 rg BT 487.15 244.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 513.09 244.25 Td (ratings. ) Tj ET Q q 0 0 0 rg BT 545.98 244.25 Td ( ) Tj ET Q q 0 0 0 rg BT 548.93 244.25 Td (W) Tj ET Q q 0 0 0 rg BT 557.57 244.25 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 232.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 86.13 232.25 Td (all ) Tj ET Q q 0 0 0 rg BT 98.39 232.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 126.20 232.25 Td (liquid ) Tj ET Q q 0 0 0 rg BT 151.79 232.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 201.82 232.25 Td (with ) Tj ET Q q 0 0 0 rg BT 221.86 232.25 Td (a ) Tj ET Q q 0 0 0 rg BT 228.56 232.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 264.69 232.25 Td (date ) Tj ET Q q 0 0 0 rg BT 283.61 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.19 232.25 Td (three ) Tj ET Q q 0 0 0 rg BT 316.44 232.25 Td (months ) Tj ET Q q 0 0 0 rg BT 348.14 232.25 Td (or ) Tj ET Q q 0 0 0 rg BT 358.73 232.25 Td (less, ) Tj ET Q q 0 0 0 rg BT 378.49 232.25 Td (when ) Tj ET Q q 0 0 0 rg BT 402.40 232.25 Td (purchased, ) Tj ET Q q 0 0 0 rg BT 447.70 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 457.73 232.25 Td (be ) Tj ET Q q 0 0 0 rg BT 469.43 232.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 489.46 232.25 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 539.76 232.25 Td ( ) Tj ET Q q 0 0 0 rg BT 542.01 232.25 Td (Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 98.04 220.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 137.75 220.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 168.03 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.86 220.25 Td (money ) Tj ET Q q 0 0 0 rg BT 208.58 220.25 Td (market ) Tj ET Q q 0 0 0 rg BT 238.84 220.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 263.56 220.25 Td (and ) Tj ET Q q 0 0 0 rg BT 280.50 220.25 Td (overnight ) Tj ET Q q 0 0 0 rg BT 321.33 220.25 Td (deposits. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 203.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 203.25 Td (e ) Tj ET Q q 0 0 0 rg BT 89.33 203.25 Td (do ) Tj ET Q q 0 0 0 rg BT 101.58 203.25 Td (not ) Tj ET Q q 0 0 0 rg BT 116.61 203.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 147.73 203.25 Td (that ) Tj ET Q q 0 0 0 rg BT 164.98 203.25 Td (we ) Tj ET Q q 0 0 0 rg BT 178.89 203.25 Td (are ) Tj ET Q q 0 0 0 rg BT 193.35 203.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 228.37 203.25 Td (to ) Tj ET Q q 0 0 0 rg BT 238.39 203.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 282.86 203.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 307.87 203.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 325.12 203.25 Td (due ) Tj ET Q q 0 0 0 rg BT 341.81 203.25 Td (to ) Tj ET Q q 0 0 0 rg BT 351.84 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.31 203.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 403.54 203.25 Td (position ) Tj ET Q q 0 0 0 rg BT 438.02 203.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.60 203.25 Td (the ) Tj ET Q q 0 0 0 rg BT 463.07 203.25 Td (depository ) Tj ET Q q 0 0 0 rg BT 507.54 203.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 554.24 203.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 191.25 Td (those ) Tj ET Q q 0 0 0 rg BT 100.55 191.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 135.83 191.25 Td (are ) Tj ET Q q 0 0 0 rg BT 150.53 191.25 Td (held. ) Tj ET Q q 0 0 0 rg BT 172.75 191.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 59.00 170.25 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 97.61 170.25 Td (Fees ) Tj ET Q q 0 0 0 rg BT 119.55 170.25 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 153.25 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 127.94 153.25 Td (are ) Tj ET Q q 0 0 0 rg BT 142.78 153.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 168.73 153.25 Td (net ) Tj ET Q q 0 0 0 rg BT 183.58 153.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.54 153.25 Td (an ) Tj ET Q q 0 0 0 rg BT 206.60 153.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 249.77 153.25 Td (for ) Tj ET Q q 0 0 0 rg BT 264.06 153.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 300.57 153.25 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 340.50 153.25 Td (The ) Tj ET Q q 0 0 0 rg BT 358.67 153.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 394.62 153.25 Td (for ) Tj ET Q q 0 0 0 rg BT 408.91 153.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.76 153.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 466.92 153.25 Td (for ) Tj ET Q q 0 0 0 rg BT 481.21 153.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 517.73 153.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 555.34 153.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 82.49 141.25 Td (by ) Tj ET Q q 0 0 0 rg BT 94.99 141.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 130.82 141.25 Td (past ) Tj ET Q q 0 0 0 rg BT 149.42 141.25 Td (client ) Tj ET Q q 0 0 0 rg BT 174.14 141.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 220.51 141.25 Td (history ) Tj ET Q q 0 0 0 rg BT 250.79 141.25 Td (and ) Tj ET Q q 0 0 0 rg BT 267.72 141.25 Td (an ) Tj ET Q q 0 0 0 rg BT 279.66 141.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 326.60 141.25 Td (of ) Tj ET Q q 0 0 0 rg BT 337.43 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 352.15 141.25 Td (client) Tj ET Q q 0 0 0 rg BT 377.14 141.25 Td (s ) Tj ET Q q 0 0 0 rg BT 383.53 141.25 Td (creditworthiness. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 120.25 Td (Included ) Tj ET Q q 0 0 0 rg BT 114.00 120.25 Td (in ) Tj ET Q q 0 0 0 rg BT 123.79 120.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.01 120.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 174.46 120.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 192.57 120.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 235.66 120.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 268.20 120.25 Td (are ) Tj ET Q q 0 0 0 rg BT 282.42 120.25 Td (long ) Tj ET Q q 0 0 0 rg BT 302.21 120.25 Td (term ) Tj ET Q q 0 0 0 rg BT 322.55 120.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 369.53 120.25 Td (related ) Tj ET Q q 0 0 0 rg BT 398.74 120.25 Td (to ) Tj ET Q q 0 0 0 rg BT 408.53 120.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 442.20 120.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 470.86 120.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 507.31 120.25 Td (engagements, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 108.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.44 108.25 Td (are ) Tj ET Q q 0 0 0 rg BT 92.65 108.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 132.85 108.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 153.07 108.25 Td (in ) Tj ET Q q 0 0 0 rg BT 163.85 108.25 Td (installments ) Tj ET Q q 0 0 0 rg BT 215.18 108.25 Td (over ) Tj ET Q q 0 0 0 rg BT 235.94 108.25 Td (a ) Tj ET Q q 0 0 0 rg BT 243.38 108.25 Td (period ) Tj ET Q q 0 0 0 rg BT 271.93 108.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.26 108.25 Td (three ) Tj ET Q q 0 0 0 rg BT 306.25 108.25 Td (years. ) Tj ET Q q 0 0 0 rg BT 332.85 108.25 Td ( ) Tj ET Q q 0 0 0 rg BT 335.85 108.25 Td (Included ) Tj ET Q q 0 0 0 rg BT 373.83 108.25 Td (as ) Tj ET Q q 0 0 0 rg BT 385.16 108.25 Td (a ) Tj ET Q q 0 0 0 rg BT 392.60 108.25 Td (component ) Tj ET Q q 0 0 0 rg BT 440.04 108.25 Td (of ) Tj ET Q q 0 0 0 rg BT 451.37 108.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 498.25 108.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 536.79 108.25 Td (on ) Tj ET Q q 0 0 0 rg BT 549.79 108.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 96.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 103.04 96.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 147.75 96.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.58 96.25 Td (income ) Tj ET Q q 0 0 0 rg BT 190.52 96.25 Td (is ) Tj ET Q q 0 0 0 rg BT 199.69 96.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 231.62 96.25 Td (income ) Tj ET Q q 0 0 0 rg BT 263.55 96.25 Td (related ) Tj ET Q q 0 0 0 rg BT 293.26 96.25 Td (to ) Tj ET Q q 0 0 0 rg BT 303.54 96.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 337.69 96.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 366.84 96.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 403.78 96.25 Td (engagements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 75.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 104.70 75.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 122.41 75.25 Td (related ) Tj ET Q q 0 0 0 rg BT 152.31 75.25 Td (to ) Tj ET Q q 0 0 0 rg BT 162.80 75.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 199.94 75.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 218.74 75.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 262.53 75.25 Td (is ) Tj ET Q q 0 0 0 rg BT 271.90 75.25 Td (disbursed ) Tj ET Q q 0 0 0 rg BT 312.94 75.25 Td (across ) Tj ET Q q 0 0 0 rg BT 340.63 75.25 Td (a ) Tj ET Q q 0 0 0 rg BT 347.78 75.25 Td (lar) Tj ET Q q 0 0 0 rg BT 358.14 75.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 370.29 75.25 Td (number ) Tj ET Q q 0 0 0 rg BT 403.54 75.25 Td (of ) Tj ET Q q 0 0 0 rg BT 414.57 75.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 443.38 75.25 Td (located ) Tj ET Q q 0 0 0 rg BT 474.96 75.25 Td (in ) Tj ET Q q 0 0 0 rg BT 485.44 75.25 Td (various ) Tj ET Q q 0 0 0 rg BT 517.59 75.25 Td (geographic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 63.25 Td (areas. ) Tj ET Q q 0 0 0 rg BT 75.18 63.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.16 63.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.80 63.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.37 63.25 Td (control ) Tj ET Q q 0 0 0 rg BT 122.84 63.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 147.74 63.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 164.88 63.25 Td (through ) Tj ET Q q 0 0 0 rg BT 198.13 63.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 223.03 63.25 Td (approvals ) Tj ET Q q 0 0 0 rg BT 264.04 63.25 Td (and ) Tj ET Q q 0 0 0 rg BT 280.62 63.25 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 327.20 63.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 373.21 63.25 Td (but ) Tj ET Q q 0 0 0 rg BT 388.13 63.25 Td (do ) Tj ET Q q 0 0 0 rg BT 400.27 63.25 Td (not ) Tj ET Q q 0 0 0 rg BT 415.18 63.25 Td (require ) Tj ET Q q 0 0 0 rg BT 445.64 63.25 Td (collateral ) Tj ET Q q 0 0 0 rg BT 484.97 63.25 Td (to ) Tj ET Q q 0 0 0 rg BT 494.89 63.25 Td (support ) Tj ET Q q 0 0 0 rg BT 527.03 63.25 Td (accounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 51.25 Td (receivable.) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (40) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 742.25 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 721.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 116.80 721.25 Td (is ) Tj ET Q q 0 0 0 rg BT 125.49 721.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.73 721.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 157.87 721.25 Td (in ) Tj ET Q q 0 0 0 rg BT 167.67 721.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 195.79 721.25 Td (of ) Tj ET Q q 0 0 0 rg BT 206.14 721.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.38 721.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 236.28 721.25 Td (value ) Tj ET Q q 0 0 0 rg BT 259.96 721.25 Td (of ) Tj ET Q q 0 0 0 rg BT 270.31 721.25 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 317.87 721.25 Td (net ) Tj ET Q q 0 0 0 rg BT 332.11 721.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 357.46 721.25 Td (at ) Tj ET Q q 0 0 0 rg BT 366.70 721.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 412.61 721.25 Td (date. ) Tj ET Q q 0 0 0 rg BT 433.64 721.25 Td (W) Tj ET Q q 0 0 0 rg BT 442.28 721.25 Td (e ) Tj ET Q q 0 0 0 rg BT 448.74 721.25 Td (test ) Tj ET Q q 0 0 0 rg BT 464.65 721.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 502.23 721.25 Td (for ) Tj ET Q q 0 0 0 rg BT 515.91 721.25 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (at ) Tj ET Q q 0 0 0 rg BT 60.01 709.25 Td (least ) Tj ET Q q 0 0 0 rg BT 81.13 709.25 Td (annually) Tj ET Q q 0 0 0 rg BT 114.92 709.25 Td (. ) Tj ET Q q 0 0 0 rg BT 119.59 709.25 Td (An ) Tj ET Q q 0 0 0 rg BT 134.61 709.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 183.50 709.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 201.86 709.25 Td (is ) Tj ET Q q 0 0 0 rg BT 211.32 709.25 Td (triggered ) Tj ET Q q 0 0 0 rg BT 250.21 709.25 Td (if ) Tj ET Q q 0 0 0 rg BT 259.11 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.12 709.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 315.24 709.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 331.91 709.25 Td (value ) Tj ET Q q 0 0 0 rg BT 356.36 709.25 Td (of ) Tj ET Q q 0 0 0 rg BT 367.48 709.25 Td (an ) Tj ET Q q 0 0 0 rg BT 379.72 709.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 420.28 709.25 Td (unit ) Tj ET Q q 0 0 0 rg BT 438.63 709.25 Td (is ) Tj ET Q q 0 0 0 rg BT 448.09 709.25 Td (less ) Tj ET Q q 0 0 0 rg BT 465.89 709.25 Td (than ) Tj ET Q q 0 0 0 rg BT 485.90 709.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 527.01 709.25 Td (net ) Tj ET Q q 0 0 0 rg BT 542.02 709.25 Td (book ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (value. ) Tj ET Q q 0 0 0 rg BT 76.66 697.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 99.16 697.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 117.22 697.25 Td (is ) Tj ET Q q 0 0 0 rg BT 126.39 697.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 169.41 697.25 Td (as ) Tj ET Q q 0 0 0 rg BT 180.24 697.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.96 697.25 Td (dif) Tj ET Q q 0 0 0 rg BT 205.89 697.25 Td (ference ) Tj ET Q q 0 0 0 rg BT 237.80 697.25 Td (between ) Tj ET Q q 0 0 0 rg BT 273.62 697.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.33 697.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 329.16 697.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 345.53 697.25 Td (value ) Tj ET Q q 0 0 0 rg BT 369.69 697.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.52 697.25 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 418.57 697.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.51 697.25 Td (its ) Tj ET Q q 0 0 0 rg BT 447.46 697.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 483.28 697.25 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 676.25 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 116.37 676.25 Td (is ) Tj ET Q q 0 0 0 rg BT 124.63 676.25 Td (translated ) Tj ET Q q 0 0 0 rg BT 165.10 676.25 Td (at ) Tj ET Q q 0 0 0 rg BT 173.91 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.72 676.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 204.30 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.22 676.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 253.57 676.25 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 295.70 676.25 Td (at ) Tj ET Q q 0 0 0 rg BT 304.51 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.32 676.25 Td (end ) Tj ET Q q 0 0 0 rg BT 334.36 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.28 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.09 676.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 389.12 676.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 429.03 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 438.40 676.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 484.96 676.25 Td (with ) Tj ET Q q 0 0 0 rg BT 504.33 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.14 676.25 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 88.72 664.25 Td (for ) Tj ET Q q 0 0 0 rg BT 103.01 664.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 134.52 664.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 172.12 664.25 Td (translation. ) Tj ET Q q 0 0 0 rg BT 218.88 664.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 238.73 664.25 Td (translation ) Tj ET Q q 0 0 0 rg BT 283.57 664.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 303.42 664.25 Td (or ) Tj ET Q q 0 0 0 rg BT 314.37 664.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 332.56 664.25 Td (is ) Tj ET Q q 0 0 0 rg BT 341.86 664.25 Td (included ) Tj ET Q q 0 0 0 rg BT 378.92 664.25 Td (in ) Tj ET Q q 0 0 0 rg BT 389.33 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 404.18 664.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 435.68 664.25 Td (currency ) Tj ET Q q 0 0 0 rg BT 473.29 664.25 Td (translation ) Tj ET Q q 0 0 0 rg BT 518.13 664.25 Td (adjustment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (included ) Tj ET Q q 0 0 0 rg BT 86.93 652.25 Td (as ) Tj ET Q q 0 0 0 rg BT 97.76 652.25 Td (a ) Tj ET Q q 0 0 0 rg BT 104.70 652.25 Td (component ) Tj ET Q q 0 0 0 rg BT 151.64 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 162.47 652.25 Td (other ) Tj ET Q q 0 0 0 rg BT 185.51 652.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 248.54 652.25 Td (income ) Tj ET Q q 0 0 0 rg BT 280.48 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 290.76 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.47 652.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 358.52 652.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 403.23 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 414.06 652.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 448.76 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 459.04 652.25 Td (equity) Tj ET Q q 0 0 0 rg BT 483.39 652.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 631.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 105.60 631.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 130.88 631.25 Td (Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 614.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 614.25 Td (e ) Tj ET Q q 0 0 0 rg BT 88.75 614.25 Td (account ) Tj ET Q q 0 0 0 rg BT 121.51 614.25 Td (for ) Tj ET Q q 0 0 0 rg BT 134.85 614.25 Td (share-based ) Tj ET Q q 0 0 0 rg BT 183.72 614.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 240.93 614.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 280.93 614.25 Td (by ) Tj ET Q q 0 0 0 rg BT 292.60 614.25 Td (recording ) Tj ET Q q 0 0 0 rg BT 332.59 614.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.48 614.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 362.03 614.25 Td (value ) Tj ET Q q 0 0 0 rg BT 385.35 614.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.36 614.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 434.23 614.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 457.01 614.25 Td (units ) Tj ET Q q 0 0 0 rg BT 478.13 614.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 509.79 614.25 Td (to ) Tj ET Q q 0 0 0 rg BT 519.24 614.25 Td (employees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.78 602.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 118.77 602.25 Td (expense. ) Tj ET Q q 0 0 0 rg BT 155.93 602.25 Td ( ) Tj ET Q q 0 0 0 rg BT 158.20 602.25 Td (The ) Tj ET Q q 0 0 0 rg BT 176.20 602.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 215.85 602.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 239.41 602.25 Td (units ) Tj ET Q q 0 0 0 rg BT 261.31 602.25 Td (are ) Tj ET Q q 0 0 0 rg BT 275.97 602.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 315.62 602.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 358.05 602.25 Td (over ) Tj ET Q q 0 0 0 rg BT 378.27 602.25 Td (the ) Tj ET Q q 0 0 0 rg BT 392.94 602.25 Td (five ) Tj ET Q q 0 0 0 rg BT 410.93 602.25 Td (year ) Tj ET Q q 0 0 0 rg BT 430.59 602.25 Td (service ) Tj ET Q q 0 0 0 rg BT 461.35 602.25 Td (period ) Tj ET Q q 0 0 0 rg BT 489.35 602.25 Td (following ) Tj ET Q q 0 0 0 rg BT 530.69 602.25 Td (the ) Tj ET Q q 0 0 0 rg BT 545.36 602.25 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.64 590.25 Td (grant. ) Tj ET Q q 0 0 0 rg BT 86.01 590.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 146.09 590.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 180.62 590.25 Td (is ) Tj ET Q q 0 0 0 rg BT 189.60 590.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 236.89 590.25 Td (based ) Tj ET Q q 0 0 0 rg BT 261.98 590.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 284.29 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.82 590.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 315.01 590.25 Td (market ) Tj ET Q q 0 0 0 rg BT 345.09 590.25 Td (value ) Tj ET Q q 0 0 0 rg BT 369.06 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.71 590.25 Td (our ) Tj ET Q q 0 0 0 rg BT 395.35 590.25 Td (common ) Tj ET Q q 0 0 0 rg BT 432.66 590.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 456.08 590.25 Td (at ) Tj ET Q q 0 0 0 rg BT 465.62 590.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.15 590.25 Td (date ) Tj ET Q q 0 0 0 rg BT 499.12 590.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.76 590.25 Td (grant. ) Tj ET Q q 0 0 0 rg BT 535.12 590.25 Td ( ) Tj ET Q q 0 0 0 rg BT 536.93 590.25 Td (As ) Tj ET Q q 0 0 0 rg BT 550.35 590.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 578.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 85.12 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.26 578.25 Td (awards, ) Tj ET Q q 0 0 0 rg BT 134.00 578.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.13 578.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 189.25 578.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 213.28 578.25 Td (units ) Tj ET Q q 0 0 0 rg BT 235.64 578.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 282.42 578.25 Td (are ) Tj ET Q q 0 0 0 rg BT 297.55 578.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 335.44 578.25 Td (within ) Tj ET Q q 0 0 0 rg BT 363.91 578.25 Td (equity) Tj ET Q q 0 0 0 rg BT 388.26 578.25 Td (. ) Tj ET Q q 0 0 0 rg BT 393.68 578.25 Td ( ) Tj ET Q q 0 0 0 rg BT 396.38 578.25 Td (The ) Tj ET Q q 0 0 0 rg BT 414.85 578.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 454.97 578.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 478.99 578.25 Td (units ) Tj ET Q q 0 0 0 rg BT 501.36 578.25 Td (are ) Tj ET Q q 0 0 0 rg BT 516.48 578.25 Td (reclassified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 566.25 Td (into ) Tj ET Q q 0 0 0 rg BT 68.16 566.25 Td (common ) Tj ET Q q 0 0 0 rg BT 105.77 566.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 129.48 566.25 Td (and ) Tj ET Q q 0 0 0 rg BT 146.53 566.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 189.13 566.25 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 220.06 566.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 249.32 566.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 271.92 566.25 Td (vesting. ) Tj ET Q q 0 0 0 rg BT 305.73 566.25 Td (W) Tj ET Q q 0 0 0 rg BT 314.37 566.25 Td (e ) Tj ET Q q 0 0 0 rg BT 321.41 566.25 Td (record ) Tj ET Q q 0 0 0 rg BT 349.56 566.25 Td (as ) Tj ET Q q 0 0 0 rg BT 360.50 566.25 Td (treasury ) Tj ET Q q 0 0 0 rg BT 395.31 566.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 419.03 566.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.85 566.25 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 479.76 566.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.70 566.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 514.42 566.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 554.23 566.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 554.25 Td (its ) Tj ET Q q 0 0 0 rg BT 62.51 554.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 108.33 554.25 Td (in ) Tj ET Q q 0 0 0 rg BT 119.17 554.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 163.33 554.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.73 554.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 190.00 554.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 230.28 554.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 266.66 554.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 289.72 554.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.00 554.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 336.95 554.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.34 554.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 388.60 554.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 412.77 554.25 Td (units. ) Tj ET Q q 0 0 0 rg BT 437.56 554.25 Td (W) Tj ET Q q 0 0 0 rg BT 446.20 554.25 Td (e ) Tj ET Q q 0 0 0 rg BT 453.70 554.25 Td (record ) Tj ET Q q 0 0 0 rg BT 482.30 554.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 520.35 554.25 Td (equivalent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 542.25 Td (payments, ) Tj ET Q q 0 0 0 rg BT 93.33 542.25 Td (net ) Tj ET Q q 0 0 0 rg BT 108.04 542.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.87 542.25 Td (forfeitures, ) Tj ET Q q 0 0 0 rg BT 165.52 542.25 Td (on ) Tj ET Q q 0 0 0 rg BT 178.02 542.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 227.18 542.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 266.88 542.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 290.49 542.25 Td (units ) Tj ET Q q 0 0 0 rg BT 312.44 542.25 Td (as ) Tj ET Q q 0 0 0 rg BT 323.27 542.25 Td (a ) Tj ET Q q 0 0 0 rg BT 330.21 542.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 367.71 542.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 404.64 542.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.58 542.25 Td (a ) Tj ET Q q 0 0 0 rg BT 428.52 542.25 Td (char) Tj ET Q q 0 0 0 rg BT 445.54 542.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 457.48 542.25 Td (to ) Tj ET Q q 0 0 0 rg BT 467.76 542.25 Td (equity) Tj ET Q q 0 0 0 rg BT 492.10 542.25 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 521.25 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 102.85 521.25 Td (per ) Tj ET Q q 0 0 0 rg BT 118.68 521.25 Td (Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 500.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 500.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.41 500.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 130.27 500.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 153.15 500.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 189.35 500.25 Td (per ) Tj ET Q q 0 0 0 rg BT 204.45 500.25 Td (share ) Tj ET Q q 0 0 0 rg BT 227.88 500.25 Td (\(EPS\) ) Tj ET Q q 0 0 0 rg BT 262.98 500.25 Td (by ) Tj ET Q q 0 0 0 rg BT 275.32 500.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 310.98 500.25 Td (net ) Tj ET Q q 0 0 0 rg BT 325.53 500.25 Td (income ) Tj ET Q q 0 0 0 rg BT 357.30 500.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 395.72 500.25 Td (to ) Tj ET Q q 0 0 0 rg BT 405.83 500.25 Td (common ) Tj ET Q q 0 0 0 rg BT 443.15 500.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 496.03 500.25 Td (by ) Tj ET Q q 0 0 0 rg BT 508.36 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 522.91 500.25 Td (sum ) Tj ET Q q 0 0 0 rg BT 541.91 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 552.57 500.25 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.23 488.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 102.91 488.25 Td (average ) Tj ET Q q 0 0 0 rg BT 136.01 488.25 Td (number ) Tj ET Q q 0 0 0 rg BT 168.57 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 178.92 488.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 205.92 488.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 254.60 488.25 Td (for ) Tj ET Q q 0 0 0 rg BT 268.28 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.51 488.25 Td (period ) Tj ET Q q 0 0 0 rg BT 310.08 488.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.53 488.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 340.77 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.00 488.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 393.67 488.25 Td (average ) Tj ET Q q 0 0 0 rg BT 426.77 488.25 Td (number ) Tj ET Q q 0 0 0 rg BT 459.34 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.68 488.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 496.69 488.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 529.80 488.25 Td (issuable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 476.25 Td (due ) Tj ET Q q 0 0 0 rg BT 66.94 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 77.22 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 91.93 476.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 123.32 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.15 476.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 173.85 476.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 197.46 476.25 Td (units ) Tj ET Q q 0 0 0 rg BT 219.41 476.25 Td (for ) Tj ET Q q 0 0 0 rg BT 233.57 476.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 279.94 476.25 Td (purposes. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 459.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 459.25 Td (e ) Tj ET Q q 0 0 0 rg BT 89.13 459.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 126.72 459.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 156.55 459.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 175.84 459.25 Td (by ) Tj ET Q q 0 0 0 rg BT 187.90 459.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 223.29 459.25 Td (net ) Tj ET Q q 0 0 0 rg BT 237.57 459.25 Td (income ) Tj ET Q q 0 0 0 rg BT 269.06 459.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 307.21 459.25 Td (to ) Tj ET Q q 0 0 0 rg BT 317.04 459.25 Td (common ) Tj ET Q q 0 0 0 rg BT 354.10 459.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 406.70 459.25 Td (by ) Tj ET Q q 0 0 0 rg BT 418.76 459.25 Td (the ) Tj ET Q q 0 0 0 rg BT 433.03 459.25 Td (sum ) Tj ET Q q 0 0 0 rg BT 451.76 459.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.15 459.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 473.65 459.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 496.25 459.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 523.30 459.25 Td (per ) Tj ET Q q 0 0 0 rg BT 538.13 459.25 Td (above ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 447.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.85 447.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 81.47 447.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.10 447.25 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 129.06 447.25 Td (ef) Tj ET Q q 0 0 0 rg BT 136.65 447.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 154.05 447.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.79 447.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.41 447.25 Td (common ) Tj ET Q q 0 0 0 rg BT 216.82 447.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 240.33 447.25 Td (deliverable ) Tj ET Q q 0 0 0 rg BT 287.16 447.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 324.01 447.25 Td (to ) Tj ET Q q 0 0 0 rg BT 334.20 447.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 373.81 447.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 397.33 447.25 Td (units ) Tj ET Q q 0 0 0 rg BT 419.19 447.25 Td (for ) Tj ET Q q 0 0 0 rg BT 433.26 447.25 Td (which ) Tj ET Q q 0 0 0 rg BT 460.10 447.25 Td (future ) Tj ET Q q 0 0 0 rg BT 486.39 447.25 Td (service ) Tj ET Q q 0 0 0 rg BT 517.12 447.25 Td (is ) Tj ET Q q 0 0 0 rg BT 526.20 447.25 Td (required. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 77.39 435.25 Td (the ) Tj ET Q q 0 0 0 rg BT 92.00 435.25 Td (treasury ) Tj ET Q q 0 0 0 rg BT 126.61 435.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 161.50 435.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.12 435.25 Td (number ) Tj ET Q q 0 0 0 rg BT 209.07 435.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.80 435.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 247.18 435.25 Td (issuable ) Tj ET Q q 0 0 0 rg BT 281.80 435.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 304.20 435.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.81 435.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 350.10 435.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.83 435.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 400.43 435.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 423.94 435.25 Td (units ) Tj ET Q q 0 0 0 rg BT 445.79 435.25 Td (included ) Tj ET Q q 0 0 0 rg BT 482.62 435.25 Td (in ) Tj ET Q q 0 0 0 rg BT 492.79 435.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.41 435.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 553.68 435.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 80.03 423.25 Td (EPS ) Tj ET Q q 0 0 0 rg BT 99.52 423.25 Td (is ) Tj ET Q q 0 0 0 rg BT 108.45 423.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.92 423.25 Td (excess, ) Tj ET Q q 0 0 0 rg BT 153.78 423.25 Td (if ) Tj ET Q q 0 0 0 rg BT 162.15 423.25 Td (any) Tj ET Q q 0 0 0 rg BT 175.94 423.25 Td (, ) Tj ET Q q 0 0 0 rg BT 180.70 423.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.28 423.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.76 423.25 Td (number ) Tj ET Q q 0 0 0 rg BT 238.56 423.25 Td (of ) Tj ET Q q 0 0 0 rg BT 249.15 423.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 276.40 423.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 314.19 423.25 Td (to ) Tj ET Q q 0 0 0 rg BT 324.23 423.25 Td (be ) Tj ET Q q 0 0 0 rg BT 335.93 423.25 Td (issued, ) Tj ET Q q 0 0 0 rg BT 365.68 423.25 Td (less ) Tj ET Q q 0 0 0 rg BT 382.94 423.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.42 423.25 Td (number ) Tj ET Q q 0 0 0 rg BT 430.22 423.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.81 423.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 468.06 423.25 Td (that ) Tj ET Q q 0 0 0 rg BT 485.31 423.25 Td (could ) Tj ET Q q 0 0 0 rg BT 509.79 423.25 Td (be ) Tj ET Q q 0 0 0 rg BT 521.48 423.25 Td (purchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 411.25 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 411.25 Td (us ) Tj ET Q q 0 0 0 rg BT 73.89 411.25 Td (with ) Tj ET Q q 0 0 0 rg BT 94.17 411.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.89 411.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 146.92 411.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.20 411.25 Td (be ) Tj ET Q q 0 0 0 rg BT 169.14 411.25 Td (received ) Tj ET Q q 0 0 0 rg BT 205.50 411.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 228.00 411.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 271.60 411.25 Td (at ) Tj ET Q q 0 0 0 rg BT 281.32 411.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.04 411.25 Td (average ) Tj ET Q q 0 0 0 rg BT 329.62 411.25 Td (market ) Tj ET Q q 0 0 0 rg BT 359.88 411.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 391.27 411.25 Td (price ) Tj ET Q q 0 0 0 rg BT 413.75 411.25 Td (during ) Tj ET Q q 0 0 0 rg BT 442.36 411.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.08 411.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 496.24 411.25 Td (period. ) Tj ET Q q 0 0 0 rg BT 526.78 411.25 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 390.25 Td (Provision ) Tj ET Q q 0 0 0 rg BT 103.95 390.25 Td (for ) Tj ET Q q 0 0 0 rg BT 118.67 390.25 Td (T) Tj ET Q q 0 0 0 rg BT 123.86 390.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 369.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 369.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.88 369.25 Td (account ) Tj ET Q q 0 0 0 rg BT 126.77 369.25 Td (for ) Tj ET Q q 0 0 0 rg BT 141.24 369.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 164.58 369.25 Td (in ) Tj ET Q q 0 0 0 rg BT 175.16 369.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 222.93 369.25 Td (with ) Tj ET Q q 0 0 0 rg BT 243.51 369.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.53 369.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 297.42 369.25 Td (for ) Tj ET Q q 0 0 0 rg BT 311.88 369.25 Td (income ) Tj ET Q q 0 0 0 rg BT 344.12 369.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 367.47 369.25 Td (which ) Tj ET Q q 0 0 0 rg BT 394.71 369.25 Td (requires ) Tj ET Q q 0 0 0 rg BT 429.72 369.25 Td (the ) Tj ET Q q 0 0 0 rg BT 444.73 369.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 493.08 369.25 Td (of ) Tj ET Q q 0 0 0 rg BT 504.21 369.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 519.23 369.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 553.69 369.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 357.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.60 357.25 Td (on ) Tj ET Q q 0 0 0 rg BT 101.10 357.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.82 357.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 159.41 357.25 Td (dif) Tj ET Q q 0 0 0 rg BT 170.34 357.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 206.14 357.25 Td (between ) Tj ET Q q 0 0 0 rg BT 241.96 357.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.67 357.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 294.16 357.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 333.31 357.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.25 357.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 364.97 357.25 Td (bases ) Tj ET Q q 0 0 0 rg BT 389.13 357.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.96 357.25 Td (its ) Tj ET Q q 0 0 0 rg BT 411.90 357.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 437.73 357.25 Td (and ) Tj ET Q q 0 0 0 rg BT 454.67 357.25 Td (liabilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 336.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.64 336.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.77 336.25 Td (follow ) Tj ET Q q 0 0 0 rg BT 121.58 336.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.49 336.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 175.29 336.25 Td (for ) Tj ET Q q 0 0 0 rg BT 189.64 336.25 Td (income ) Tj ET Q q 0 0 0 rg BT 221.78 336.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 245.02 336.25 Td (in ) Tj ET Q q 0 0 0 rg BT 255.50 336.25 Td (recognizing, ) Tj ET Q q 0 0 0 rg BT 307.90 336.25 Td (measuring, ) Tj ET Q q 0 0 0 rg BT 354.75 336.25 Td (presenting ) Tj ET Q q 0 0 0 rg BT 399.10 336.25 Td (and ) Tj ET Q q 0 0 0 rg BT 416.24 336.25 Td (disclosing ) Tj ET Q q 0 0 0 rg BT 459.49 336.25 Td (in ) Tj ET Q q 0 0 0 rg BT 469.97 336.25 Td (its ) Tj ET Q q 0 0 0 rg BT 482.11 336.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.79 336.25 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 324.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 89.33 324.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 103.67 324.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 141.92 324.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 165.70 324.25 Td (or ) Tj ET Q q 0 0 0 rg BT 176.16 324.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 213.82 324.25 Td (to ) Tj ET Q q 0 0 0 rg BT 223.73 324.25 Td (be ) Tj ET Q q 0 0 0 rg BT 235.29 324.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 259.08 324.25 Td (on ) Tj ET Q q 0 0 0 rg BT 271.21 324.25 Td (its ) Tj ET Q q 0 0 0 rg BT 282.78 324.25 Td (income ) Tj ET Q q 0 0 0 rg BT 314.34 324.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 328.69 324.25 Td (returns. ) Tj ET Q q 0 0 0 rg BT 361.08 324.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 393.20 324.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 407.54 324.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 441.88 324.25 Td (is ) Tj ET Q q 0 0 0 rg BT 450.68 324.25 Td (based ) Tj ET Q q 0 0 0 rg BT 475.57 324.25 Td (on ) Tj ET Q q 0 0 0 rg BT 487.70 324.25 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 518.14 324.25 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 312.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 84.93 312.25 Td (including ) Tj ET Q q 0 0 0 rg BT 125.70 312.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 176.46 312.25 Td (made ) Tj ET Q q 0 0 0 rg BT 201.11 312.25 Td (for ) Tj ET Q q 0 0 0 rg BT 215.77 312.25 Td (the ) Tj ET Q q 0 0 0 rg BT 230.98 312.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 279.52 312.25 Td (or ) Tj ET Q q 0 0 0 rg BT 290.84 312.25 Td (derecognition ) Tj ET Q q 0 0 0 rg BT 348.82 312.25 Td (related ) Tj ET Q q 0 0 0 rg BT 379.01 312.25 Td (to ) Tj ET Q q 0 0 0 rg BT 389.79 312.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 429.98 312.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 445.19 312.25 Td (positions. ) Tj ET Q q 0 0 0 rg BT 486.59 312.25 Td (The ) Tj ET Q q 0 0 0 rg BT 505.13 312.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 553.67 312.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 300.25 Td (derecognition ) Tj ET Q q 0 0 0 rg BT 107.48 300.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.31 300.25 Td (income ) Tj ET Q q 0 0 0 rg BT 150.24 300.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 164.96 300.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 199.67 300.25 Td (related ) Tj ET Q q 0 0 0 rg BT 229.37 300.25 Td (to ) Tj ET Q q 0 0 0 rg BT 239.65 300.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 279.35 300.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 294.07 300.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 332.69 300.25 Td (is ) Tj ET Q q 0 0 0 rg BT 341.86 300.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 389.34 300.25 Td (under ) Tj ET Q q 0 0 0 rg BT 414.60 300.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.32 300.25 Td (guidance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 279.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 114.28 279.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 128.26 279.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 153.34 279.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.54 279.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 208.51 279.25 Td (are ) Tj ET Q q 0 0 0 rg BT 222.48 279.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 268.10 279.25 Td (for ) Tj ET Q q 0 0 0 rg BT 281.51 279.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.49 279.25 Td (future ) Tj ET Q q 0 0 0 rg BT 321.12 279.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 335.09 279.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 382.39 279.25 Td (to ) Tj ET Q q 0 0 0 rg BT 391.92 279.25 Td (dif) Tj ET Q q 0 0 0 rg BT 402.85 279.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 437.91 279.25 Td (between ) Tj ET Q q 0 0 0 rg BT 472.99 279.25 Td (the ) Tj ET Q q 0 0 0 rg BT 486.96 279.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 523.70 279.25 Td (statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.92 267.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 122.41 267.25 Td (of ) Tj ET Q q 0 0 0 rg BT 133.35 267.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 167.62 267.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 193.55 267.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.60 267.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 250.42 267.25 Td (and ) Tj ET Q q 0 0 0 rg BT 267.46 267.25 Td (their ) Tj ET Q q 0 0 0 rg BT 288.39 267.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 331.53 267.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 346.35 267.25 Td (bases. ) Tj ET Q q 0 0 0 rg BT 373.12 267.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 411.25 267.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 426.07 267.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 452.00 267.25 Td (and ) Tj ET Q q 0 0 0 rg BT 469.05 267.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 508.87 267.25 Td (are ) Tj ET Q q 0 0 0 rg BT 523.68 267.25 Td (measured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.25 Td (using ) Tj ET Q q 0 0 0 rg BT 73.90 255.25 Td (enacted ) Tj ET Q q 0 0 0 rg BT 106.65 255.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 121.10 255.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 142.20 255.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 179.96 255.25 Td (to ) Tj ET Q q 0 0 0 rg BT 189.96 255.25 Td (be ) Tj ET Q q 0 0 0 rg BT 201.62 255.25 Td (recovered ) Tj ET Q q 0 0 0 rg BT 243.26 255.25 Td (or ) Tj ET Q q 0 0 0 rg BT 253.82 255.25 Td (settled. ) Tj ET Q q 0 0 0 rg BT 284.49 255.25 Td (The ) Tj ET Q q 0 0 0 rg BT 302.26 255.25 Td (ef) Tj ET Q q 0 0 0 rg BT 309.85 255.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 327.06 255.25 Td (on ) Tj ET Q q 0 0 0 rg BT 339.28 255.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 374.82 255.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 389.26 255.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 414.81 255.25 Td (and ) Tj ET Q q 0 0 0 rg BT 431.48 255.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 470.92 255.25 Td (of ) Tj ET Q q 0 0 0 rg BT 481.48 255.25 Td (a ) Tj ET Q q 0 0 0 rg BT 488.14 255.25 Td (change ) Tj ET Q q 0 0 0 rg BT 518.68 255.25 Td (in ) Tj ET Q q 0 0 0 rg BT 528.68 255.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 543.13 255.25 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 243.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.15 243.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 105.49 243.25 Td (in ) Tj ET Q q 0 0 0 rg BT 115.75 243.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 152.11 243.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.37 243.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.07 243.25 Td (period ) Tj ET Q q 0 0 0 rg BT 205.09 243.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.90 243.25 Td (change. ) Tj ET Q q 0 0 0 rg BT 249.20 243.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 303.88 243.25 Td (applies ) Tj ET Q q 0 0 0 rg BT 334.69 243.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.38 243.25 Td (more-likely-than-not ) Tj ET Q q 0 0 0 rg BT 439.61 243.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 474.84 243.25 Td (when ) Tj ET Q q 0 0 0 rg BT 498.98 243.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 549.78 243.25 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 231.25 Td (benefits.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.50 205.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 113.79 205.25 Td (Developments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 188.25 Td (In ) Tj ET Q q 0 0 0 rg BT 82.08 188.25 Td (May ) Tj ET Q q 0 0 0 rg BT 101.67 188.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 125.42 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.89 188.25 Td (F) Tj ET Q q 0 0 0 rg BT 143.71 188.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 164.41 188.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 190.66 188.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 228.01 188.25 Td (codified ) Tj ET Q q 0 0 0 rg BT 262.03 188.25 Td (in ) Tj ET Q q 0 0 0 rg BT 270.78 188.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 291.49 188.25 Td (606, ) Tj ET Q q 0 0 0 rg BT 310.24 188.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 346.48 188.25 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 396.61 188.25 Td (- ) Tj ET Q q 0 0 0 rg BT 401.19 188.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 437.43 188.25 Td (from ) Tj ET Q q 0 0 0 rg BT 458.12 188.25 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 497.70 188.25 Td (with ) Tj ET Q q 0 0 0 rg BT 516.73 188.25 Td (Customers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.65 176.25 Td (amends ) Tj ET Q q 0 0 0 rg BT 111.40 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.82 176.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 166.12 176.25 Td (in ) Tj ET Q q 0 0 0 rg BT 177.11 176.25 Td (former ) Tj ET Q q 0 0 0 rg BT 206.82 176.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 229.48 176.25 Td (605, ) Tj ET Q q 0 0 0 rg BT 250.18 176.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 288.38 176.25 Td (Recognition. ) Tj ET Q q 0 0 0 rg BT 342.96 176.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 398.37 176.25 Td (is ) Tj ET Q q 0 0 0 rg BT 408.25 176.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 447.55 176.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 492.41 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.83 176.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 538.25 176.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 176.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.25 Td (future ) Tj ET Q q 0 0 0 rg BT 75.98 164.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 113.07 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.04 164.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 144.59 164.25 Td (606 ) Tj ET Q q 0 0 0 rg BT 161.69 164.25 Td (on ) Tj ET Q q 0 0 0 rg BT 173.79 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.11 164.25 Td (Company) Tj ET Q q 0 0 0 rg BT 229.77 164.25 Td (s ) Tj ET Q q 0 0 0 rg BT 235.76 164.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 288.40 164.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 325.48 164.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 372.30 164.25 Td ( ) Tj ET Q q 0 0 0 rg BT 374.24 164.25 Td (The ) Tj ET Q q 0 0 0 rg BT 391.89 164.25 Td (new ) Tj ET Q q 0 0 0 rg BT 410.65 164.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 448.84 164.25 Td (was ) Tj ET Q q 0 0 0 rg BT 466.49 164.25 Td (ef) Tj ET Q q 0 0 0 rg BT 474.08 164.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 503.38 164.25 Td (for ) Tj ET Q q 0 0 0 rg BT 517.14 164.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 540.90 164.25 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 91.40 152.25 Td (after ) Tj ET Q q 0 0 0 rg BT 111.12 152.25 Td (December ) Tj ET Q q 0 0 0 rg BT 153.61 152.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 167.52 152.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 191.42 152.25 Td (In ) Tj ET Q q 0 0 0 rg BT 200.85 152.25 Td (August ) Tj ET Q q 0 0 0 rg BT 231.14 152.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 255.05 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.67 152.25 Td (F) Tj ET Q q 0 0 0 rg BT 273.49 152.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 294.35 152.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 320.75 152.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 358.25 152.25 Td (which ) Tj ET Q q 0 0 0 rg BT 384.10 152.25 Td (defers ) Tj ET Q q 0 0 0 rg BT 409.93 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.55 152.25 Td (ef) Tj ET Q q 0 0 0 rg BT 431.14 152.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 459.75 152.25 Td (date ) Tj ET Q q 0 0 0 rg BT 477.81 152.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.54 152.25 Td (its ) Tj ET Q q 0 0 0 rg BT 498.40 152.25 Td (new ) Tj ET Q q 0 0 0 rg BT 516.46 152.25 Td (recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 86.47 140.25 Td (by ) Tj ET Q q 0 0 0 rg BT 99.07 140.25 Td (one ) Tj ET Q q 0 0 0 rg BT 116.11 140.25 Td (year) Tj ET Q q 0 0 0 rg BT 132.76 140.25 Td (. ) Tj ET Q q 0 0 0 rg BT 137.67 140.25 Td (The ) Tj ET Q q 0 0 0 rg BT 155.81 140.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 192.29 140.25 Td (would ) Tj ET Q q 0 0 0 rg BT 219.88 140.25 Td (be ) Tj ET Q q 0 0 0 rg BT 231.92 140.25 Td (ef) Tj ET Q q 0 0 0 rg BT 239.51 140.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 269.31 140.25 Td (for ) Tj ET Q q 0 0 0 rg BT 283.56 140.25 Td (public ) Tj ET Q q 0 0 0 rg BT 311.15 140.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 342.63 140.25 Td (for ) Tj ET Q q 0 0 0 rg BT 356.89 140.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 386.14 140.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 425.39 140.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 457.43 140.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 500.02 140.25 Td (after ) Tj ET Q q 0 0 0 rg BT 520.93 140.25 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 65.00 128.25 Td (2017.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 104.25 Td (Item 7A.Quantitative and Qualitative Disclosur) Tj ET Q q 0 0 0 rg BT 257.31 104.25 Td (es ) Tj ET Q q 0 0 0 rg BT 267.59 104.25 Td (About Market Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 83.25 Td (Quantitative ) Tj ET Q q 0 0 0 rg BT 114.77 83.25 Td (and ) Tj ET Q q 0 0 0 rg BT 132.55 83.25 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 178.10 83.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 225.88 83.25 Td (about ) Tj ET Q q 0 0 0 rg BT 251.44 83.25 Td (market ) Tj ET Q q 0 0 0 rg BT 282.55 83.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 300.89 83.25 Td (are ) Tj ET Q q 0 0 0 rg BT 316.44 83.25 Td (set ) Tj ET Q q 0 0 0 rg BT 330.89 83.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 353.67 83.25 Td (above ) Tj ET Q q 0 0 0 rg BT 380.89 83.25 Td (in ) Tj ET Q q 0 0 0 rg BT 392.01 83.25 Td (Item7 ) Tj ET Q q 0 0 0 rg BT 438.12 83.25 Td (Management) Tj ET Q q 0 0 0 rg BT 493.10 83.25 Td (s ) Tj ET Q q 0 0 0 rg BT 500.33 83.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 547.56 83.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.25 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 87.50 71.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.33 71.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 138.04 71.25 Td (Condition ) Tj ET Q q 0 0 0 rg BT 180.55 71.25 Td (and ) Tj ET Q q 0 0 0 rg BT 197.49 71.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 229.43 71.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.26 71.25 Td (Operation ) Tj ET Q q 0 0 0 rg BT 295.25 71.25 Td (Market ) Tj ET Q q 0 0 0 rg BT 326.63 71.25 Td (Risk.) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (41) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item 8.Financial Statements and Supplementary Data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 721.25 Td (The ) Tj ET Q q 0 0 0 rg BT 80.05 721.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 117.53 721.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 162.24 721.25 Td (required ) Tj ET Q q 0 0 0 rg BT 198.05 721.25 Td (by ) Tj ET Q q 0 0 0 rg BT 210.55 721.25 Td (this ) Tj ET Q q 0 0 0 rg BT 227.50 721.25 Td (item ) Tj ET Q q 0 0 0 rg BT 247.78 721.25 Td (are ) Tj ET Q q 0 0 0 rg BT 262.48 721.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 286.65 721.25 Td (in ) Tj ET Q q 0 0 0 rg BT 296.93 721.25 Td (Item15. ) Tj ET Q q 0 0 0 rg BT 337.19 721.25 Td (Exhibits ) Tj ET Q q 0 0 0 rg BT 373.03 721.25 Td (and ) Tj ET Q q 0 0 0 rg BT 389.96 721.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 429.68 721.25 Td (Statement ) Tj ET Q q 0 0 0 rg BT 472.17 721.25 Td (Schedules.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (Item 9.Changes in and Disagr) Tj ET Q q 0 0 0 rg BT 181.78 697.25 Td (eements with ) Tj ET Q q 0 0 0 rg BT 239.55 697.25 Td (Accountants on ) Tj ET Q q 0 0 0 rg BT 307.89 697.25 Td (Accounting and Financial Disclosur) Tj ET Q q 0 0 0 rg BT 460.23 697.25 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 676.25 Td (None.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (INFORMA) Tj ET Q q 0 0 0 rg BT 98.14 649.25 Td (TION REGARDING ) Tj ET Q q 0 0 0 rg BT 190.75 649.25 Td (THE BOARD OF) Tj ET Q q 0 0 0 rg BT 266.49 649.25 Td ( DIRECT) Tj ET Q q 0 0 0 rg BT 307.71 649.25 Td (ORS ) Tj ET Q q 0 0 0 rg BT 330.22 649.25 Td (AND CORPORA) Tj ET Q q 0 0 0 rg BT 404.19 649.25 Td (TE GOVERNANCE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 628.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.80 628.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 118.49 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 129.08 628.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 168.54 628.25 Td (conducts ) Tj ET Q q 0 0 0 rg BT 206.34 628.25 Td (its ) Tj ET Q q 0 0 0 rg BT 218.04 628.25 Td (business ) Tj ET Q q 0 0 0 rg BT 254.18 628.25 Td (through ) Tj ET Q q 0 0 0 rg BT 287.54 628.25 Td (meetings ) Tj ET Q q 0 0 0 rg BT 325.90 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.49 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.96 628.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 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rg BT 499.54 616.25 Td (under ) Tj ET Q q 0 0 0 rg BT 525.78 616.25 Td (a ) Tj ET Q q 0 0 0 rg BT 533.69 616.25 Td (written ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (charter) Tj ET Q q 0 0 0 rg BT 77.35 604.25 Td (, ) Tj ET Q q 0 0 0 rg BT 82.13 604.25 Td (all ) Tj ET Q q 0 0 0 rg BT 94.40 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.00 604.25 Td (which ) Tj ET Q q 0 0 0 rg BT 131.71 604.25 Td (are ) Tj ET Q q 0 0 0 rg BT 146.20 604.25 Td (available ) Tj ET Q q 0 0 0 rg BT 184.56 604.25 Td (on ) Tj ET Q q 0 0 0 rg BT 196.83 604.25 Td (our ) Tj ET Q q 0 0 0 rg BT 212.44 604.25 Td (website ) Tj ET Q q 0 0 0 rg BT 245.26 604.25 Td (at ) Tj ET Q q 0 0 0 rg BT 254.75 604.25 Td (www) Tj ET Q q 0 0 0 rg BT 275.77 604.25 Td (.greenhill.com. ) Tj ET Q q 0 0 0 rg BT 338.14 604.25 Td (W) Tj ET Q q 0 0 0 rg BT 346.77 604.25 Td (e ) Tj ET Q q 0 0 0 rg BT 353.49 604.25 Td (also ) Tj ET Q q 0 0 0 rg BT 371.87 604.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 410.24 604.25 Td (our ) Tj ET Q q 0 0 0 rg BT 425.84 604.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 468.10 604.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 518.68 604.25 Td (Guidelines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.91 592.25 Td (January ) Tj ET Q q 0 0 0 rg BT 95.14 592.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 118.27 592.25 Td (to ) Tj ET Q q 0 0 0 rg BT 129.18 592.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 162.86 592.25 Td (for ) Tj ET Q q 0 0 0 rg BT 177.65 592.25 Td (a ) Tj ET Q q 0 0 0 rg BT 185.22 592.25 Td (Lead ) Tj ET Q q 0 0 0 rg BT 208.34 592.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 260.89 592.25 Td (Director) Tj ET Q q 0 0 0 rg BT 293.66 592.25 Td (. ) Tj ET Q q 0 0 0 rg BT 299.29 592.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 325.19 592.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 366.07 592.25 Td (governance ) Tj ET Q q 0 0 0 rg BT 415.29 592.25 Td (documents ) Tj ET Q q 0 0 0 rg BT 461.74 592.25 Td (also ) Tj ET Q q 0 0 0 rg BT 480.98 592.25 Td (are ) Tj ET Q q 0 0 0 rg BT 496.32 592.25 Td (available ) Tj ET Q q 0 0 0 rg BT 535.54 592.25 Td (on ) Tj ET Q q 0 0 0 rg BT 548.67 592.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (website ) Tj ET Q q 0 0 0 rg BT 83.01 580.25 Td (at ) Tj ET Q q 0 0 0 rg BT 92.69 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 107.37 580.25 Td (same ) Tj ET Q q 0 0 0 rg BT 130.38 580.25 Td (address, ) Tj ET Q q 0 0 0 rg BT 165.33 580.25 Td (including ) Tj ET Q q 0 0 0 rg BT 205.57 580.25 Td (our ) Tj ET Q q 0 0 0 rg BT 221.36 580.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 263.81 580.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 314.58 580.25 Td (Guidelines, ) Tj ET Q q 0 0 0 rg BT 362.87 580.25 Td (our ) Tj ET Q q 0 0 0 rg BT 378.66 580.25 Td (Code ) Tj ET Q q 0 0 0 rg BT 402.24 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.03 580.25 Td (Business ) Tj ET Q q 0 0 0 rg BT 451.05 580.25 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 487.40 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 504.31 580.25 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 531.77 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 548.67 580.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 83.02 568.25 Td (Person ) Tj ET Q q 0 0 0 rg BT 112.54 568.25 Td (T) Tj ET Q q 0 0 0 rg BT 118.30 568.25 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 161.87 568.25 Td (Policy) Tj ET Q q 0 0 0 rg BT 186.77 568.25 Td (. ) Tj ET Q q 0 0 0 rg BT 191.57 568.25 Td (The ) Tj ET Q q 0 0 0 rg BT 209.60 568.25 Td (written ) Tj ET Q q 0 0 0 rg BT 240.40 568.25 Td (charters, ) Tj ET Q q 0 0 0 rg BT 277.02 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.71 568.25 Td (Guidelines, ) Tj ET Q q 0 0 0 rg BT 340.02 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.71 568.25 Td (Code ) Tj ET Q q 0 0 0 rg BT 378.30 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 395.21 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.90 568.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 442.92 568.25 Td (Person ) Tj ET Q q 0 0 0 rg BT 472.44 568.25 Td (T) Tj ET Q q 0 0 0 rg BT 478.20 568.25 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 521.77 568.25 Td (Policy ) Tj ET Q q 0 0 0 rg BT 549.80 568.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (also ) Tj ET Q q 0 0 0 rg BT 68.61 556.25 Td (available ) Tj ET Q q 0 0 0 rg BT 107.20 556.25 Td (in ) Tj ET Q q 0 0 0 rg BT 117.48 556.25 Td (print ) Tj ET Q q 0 0 0 rg BT 138.86 556.25 Td (to ) Tj ET Q q 0 0 0 rg BT 149.14 556.25 Td (any ) Tj ET Q q 0 0 0 rg BT 166.08 556.25 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 215.23 556.25 Td (who ) Tj ET Q q 0 0 0 rg BT 234.96 556.25 Td (requests ) Tj ET Q q 0 0 0 rg BT 270.22 556.25 Td (them. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (Meetings of the Independent Dir) Tj ET Q q 0 0 0 rg BT 188.70 532.25 Td (ectors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 511.25 Td (In ) Tj ET Q q 0 0 0 rg BT 73.44 511.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 107.83 511.25 Td (to ) Tj ET Q q 0 0 0 rg BT 117.22 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.05 511.25 Td (committees ) Tj ET Q q 0 0 0 rg BT 178.77 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.71 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.54 511.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 228.59 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 238.54 511.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 277.36 511.25 Td (described ) Tj ET Q q 0 0 0 rg BT 317.29 511.25 Td (below) Tj ET Q q 0 0 0 rg BT 341.08 511.25 Td (, ) Tj ET Q q 0 0 0 rg BT 345.19 511.25 Td (our ) Tj ET Q q 0 0 0 rg BT 360.13 511.25 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 418.95 511.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 455.55 511.25 Td (meet ) Tj ET Q q 0 0 0 rg BT 476.60 511.25 Td (regularly ) Tj ET Q q 0 0 0 rg BT 514.30 511.25 Td (in ) Tj ET Q q 0 0 0 rg BT 523.70 511.25 Td (executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (sessions ) Tj ET Q q 0 0 0 rg BT 84.98 499.25 Td (in ) Tj ET Q q 0 0 0 rg BT 94.95 499.25 Td (which ) Tj ET Q q 0 0 0 rg BT 121.59 499.25 Td (our ) Tj ET Q q 0 0 0 rg BT 137.12 499.25 Td (employee ) Tj ET Q q 0 0 0 rg BT 178.18 499.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 215.37 499.25 Td (\(Messrs. ) Tj ET Q q 0 0 0 rg BT 251.73 499.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 291.69 499.25 Td (and ) Tj ET Q q 0 0 0 rg BT 308.32 499.25 Td (Bok\) ) Tj ET Q q 0 0 0 rg BT 330.52 499.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.15 499.25 Td (other ) Tj ET Q q 0 0 0 rg BT 369.90 499.25 Td (members ) Tj ET Q q 0 0 0 rg BT 408.75 499.25 Td (of ) Tj ET Q q 0 0 0 rg BT 419.27 499.25 Td (management ) Tj ET Q q 0 0 0 rg BT 472.56 499.25 Td (do ) Tj ET Q q 0 0 0 rg BT 484.75 499.25 Td (not ) Tj ET Q q 0 0 0 rg BT 499.73 499.25 Td (participate. ) Tj ET Q q 0 0 0 rg BT 546.46 499.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.25 Td (Lead ) Tj ET Q q 0 0 0 rg BT 72.49 487.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 124.41 487.25 Td (Director ) Tj ET Q q 0 0 0 rg BT 160.22 487.25 Td (serves ) Tj ET Q q 0 0 0 rg BT 187.71 487.25 Td (as ) Tj ET Q q 0 0 0 rg BT 198.54 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.26 487.25 Td (presiding ) Tj ET Q q 0 0 0 rg BT 252.98 487.25 Td (director ) Tj ET Q q 0 0 0 rg BT 286.57 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 297.40 487.25 Td (these ) Tj ET Q q 0 0 0 rg BT 320.45 487.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 361.26 487.25 Td (sessions. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (Committees of the Board ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 439.25 Td (Audit Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.75 Td (Members: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.75 Td (Stephen L. Key \(Chairman\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.75 Td (Robert ) Tj ET Q q 0 0 0 rg BT 79.54 398.75 Td (T) Tj ET Q q 0 0 0 rg BT 84.90 398.75 Td (. Blakely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.75 Td (Karen P) Tj ET Q q 0 0 0 rg BT 81.38 386.75 Td (. Robards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 365.75 Td (The ) Tj ET Q q 0 0 0 rg BT 81.02 365.75 Td (Audit ) Tj ET Q q 0 0 0 rg BT 106.34 365.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 153.31 365.75 Td (is ) Tj ET Q q 0 0 0 rg BT 162.52 365.75 Td (a ) Tj ET Q q 0 0 0 rg BT 169.50 365.75 Td (separate ) Tj ET Q q 0 0 0 rg BT 204.79 365.75 Td (committee ) Tj ET Q q 0 0 0 rg BT 249.53 365.75 Td (established ) Tj ET Q q 0 0 0 rg BT 296.50 365.75 Td (in ) Tj ET Q q 0 0 0 rg BT 306.81 365.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 354.31 365.75 Td (with ) Tj ET Q q 0 0 0 rg BT 374.63 365.75 Td (Rule ) Tj ET Q q 0 0 0 rg BT 396.05 365.75 Td (10A-3 ) Tj ET Q q 0 0 0 rg BT 424.14 365.75 Td (under ) Tj ET Q q 0 0 0 rg BT 449.44 365.75 Td (the ) Tj ET Q q 0 0 0 rg BT 464.20 365.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 506.17 365.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 547.57 365.75 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 353.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.25 353.75 Td (1934. ) Tj ET Q q 0 0 0 rg BT 84.52 353.75 Td (The ) Tj ET Q q 0 0 0 rg BT 101.98 353.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 128.34 353.75 Td (of ) Tj ET Q q 0 0 0 rg BT 138.58 353.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 177.71 353.75 Td (has ) Tj ET Q q 0 0 0 rg BT 192.95 353.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 239.85 353.75 Td (that ) Tj ET Q q 0 0 0 rg BT 256.76 353.75 Td (all ) Tj ET Q q 0 0 0 rg BT 268.67 353.75 Td (members ) Tj ET Q q 0 0 0 rg BT 307.24 353.75 Td (of ) Tj ET Q q 0 0 0 rg BT 317.49 353.75 Td (the ) Tj ET Q q 0 0 0 rg BT 331.20 353.75 Td (Audit ) Tj ET Q q 0 0 0 rg BT 355.89 353.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 402.24 353.75 Td (are ) Tj ET Q q 0 0 0 rg BT 416.37 353.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 476.03 353.75 Td (as ) Tj ET Q q 0 0 0 rg BT 486.28 353.75 Td (that ) Tj ET Q q 0 0 0 rg BT 503.19 353.75 Td (term ) Tj ET Q q 0 0 0 rg BT 523.43 353.75 Td (is ) Tj ET Q q 0 0 0 rg BT 532.01 353.75 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.75 Td (in ) Tj ET Q q 0 0 0 rg BT 60.73 341.75 Td (the ) Tj ET Q q 0 0 0 rg BT 75.91 341.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 119.95 341.75 Td (New ) Tj ET Q q 0 0 0 rg BT 141.35 341.75 Td (Y) Tj ET Q q 0 0 0 rg BT 147.57 341.75 Td (ork ) Tj ET Q q 0 0 0 rg BT 163.86 341.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 189.59 341.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 231.97 341.75 Td (listing ) Tj ET Q q 0 0 0 rg BT 259.93 341.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 300.65 341.75 Td (and ) Tj ET Q q 0 0 0 rg BT 318.05 341.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 365.44 341.75 Td (of ) Tj ET Q q 0 0 0 rg BT 376.72 341.75 Td (the ) Tj ET Q q 0 0 0 rg BT 391.89 341.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 434.28 341.75 Td (and ) Tj ET Q q 0 0 0 rg BT 451.68 341.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 494.06 341.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 547.58 341.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.75 Td (that ) Tj ET Q q 0 0 0 rg BT 67.58 329.75 Td (all ) Tj ET Q q 0 0 0 rg BT 80.15 329.75 Td (members ) Tj ET Q q 0 0 0 rg BT 119.39 329.75 Td (are ) Tj ET Q q 0 0 0 rg BT 134.17 329.75 Td (financially ) Tj ET Q q 0 0 0 rg BT 179.51 329.75 Td (literate ) Tj ET Q q 0 0 0 rg BT 209.85 329.75 Td (as ) Tj ET Q q 0 0 0 rg BT 220.76 329.75 Td (required ) Tj ET Q q 0 0 0 rg BT 256.66 329.75 Td (by ) Tj ET Q q 0 0 0 rg BT 269.24 329.75 Td (the ) Tj ET Q q 0 0 0 rg BT 284.04 329.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 327.71 329.75 Td (New ) Tj ET Q q 0 0 0 rg BT 348.79 329.75 Td (Y) Tj ET Q q 0 0 0 rg BT 355.01 329.75 Td (ork ) Tj ET Q q 0 0 0 rg BT 370.92 329.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 396.28 329.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 438.28 329.75 Td (listing ) Tj ET Q q 0 0 0 rg BT 465.87 329.75 Td (standards. ) Tj ET Q q 0 0 0 rg BT 508.53 329.75 Td (The ) Tj ET Q q 0 0 0 rg BT 526.66 329.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 553.68 329.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 90.01 317.75 Td (also ) Tj ET Q q 0 0 0 rg BT 108.93 317.75 Td (has ) Tj ET Q q 0 0 0 rg BT 125.07 317.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 172.85 317.75 Td (that ) Tj ET Q q 0 0 0 rg BT 190.65 317.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 202.32 317.75 Td (.Key ) Tj ET Q q 0 0 0 rg BT 226.79 317.75 Td (is ) Tj ET Q q 0 0 0 rg BT 236.27 317.75 Td (an ) Tj ET Q q 0 0 0 rg BT 248.51 317.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 275.75 317.75 Td (committee ) Tj ET Q q 0 0 0 rg BT 320.77 317.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 358.55 317.75 Td (expert ) Tj ET Q q 0 0 0 rg BT 390.78 317.75 Td (as ) Tj ET Q q 0 0 0 rg BT 401.92 317.75 Td (defined ) Tj ET Q q 0 0 0 rg BT 434.71 317.75 Td (by ) Tj ET Q q 0 0 0 rg BT 447.52 317.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 491.42 317.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 538.66 317.75 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 317.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 91.80 305.75 Td (and ) Tj ET Q q 0 0 0 rg BT 108.60 305.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 150.39 305.75 Td (Commission. ) Tj ET Q q 0 0 0 rg BT 205.82 305.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 217.49 305.75 Td (.Blakely ) Tj ET Q q 0 0 0 rg BT 255.95 305.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 294.41 305.75 Td (serves ) Tj ET Q q 0 0 0 rg BT 321.76 305.75 Td (on ) Tj ET Q q 0 0 0 rg BT 334.13 305.75 Td (the ) Tj ET Q q 0 0 0 rg BT 348.71 305.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 371.06 305.75 Td (committees ) Tj ET Q q 0 0 0 rg BT 419.53 305.75 Td (of ) Tj ET Q q 0 0 0 rg BT 430.22 305.75 Td (four ) Tj ET Q q 0 0 0 rg BT 449.24 305.75 Td (public ) Tj ET Q q 0 0 0 rg BT 476.60 305.75 Td (companies, ) Tj ET Q q 0 0 0 rg BT 524.23 305.75 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.75 Td (Greenhill. ) Tj ET Q q 0 0 0 rg BT 92.42 293.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 110.13 293.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 136.73 293.75 Td (of ) Tj ET Q q 0 0 0 rg BT 147.21 293.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 186.58 293.75 Td (has ) Tj ET Q q 0 0 0 rg BT 202.06 293.75 Td (discussed ) Tj ET Q q 0 0 0 rg BT 242.55 293.75 Td (with ) Tj ET Q q 0 0 0 rg BT 262.49 293.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 274.16 293.75 Td (.Blakely ) Tj ET Q q 0 0 0 rg BT 312.42 293.75 Td (the ) Tj ET Q q 0 0 0 rg BT 326.79 293.75 Td (time ) Tj ET Q q 0 0 0 rg BT 346.72 293.75 Td (and ) Tj ET Q q 0 0 0 rg BT 363.32 293.75 Td (ef) Tj ET Q q 0 0 0 rg BT 370.91 293.75 Td (fort ) Tj ET Q q 0 0 0 rg BT 387.50 293.75 Td (required ) Tj ET Q q 0 0 0 rg BT 422.97 293.75 Td (to ) Tj ET Q q 0 0 0 rg BT 432.91 293.75 Td (be ) Tj ET Q q 0 0 0 rg BT 444.51 293.75 Td (devoted ) Tj ET Q q 0 0 0 rg BT 478.32 293.75 Td (by ) Tj ET Q q 0 0 0 rg BT 490.48 293.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 502.15 293.75 Td (.Blakely ) Tj ET Q q 0 0 0 rg BT 540.41 293.75 Td (to ) Tj ET Q q 0 0 0 rg BT 550.34 293.75 Td (his ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.75 Td (service ) Tj ET Q q 0 0 0 rg BT 81.13 281.75 Td (on ) Tj ET Q q 0 0 0 rg BT 93.95 281.75 Td (these ) Tj ET Q q 0 0 0 rg BT 117.31 281.75 Td (committees ) Tj ET Q q 0 0 0 rg BT 166.22 281.75 Td (and ) Tj ET Q q 0 0 0 rg BT 183.47 281.75 Td (has ) Tj ET Q q 0 0 0 rg BT 199.62 281.75 Td (af) Tj ET Q q 0 0 0 rg BT 207.21 281.75 Td (firmatively ) Tj ET Q q 0 0 0 rg BT 254.45 281.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 302.25 281.75 Td (that ) Tj ET Q q 0 0 0 rg BT 320.06 281.75 Td (such ) Tj ET Q q 0 0 0 rg BT 341.20 281.75 Td (services ) Tj ET Q q 0 0 0 rg BT 376.22 281.75 Td (do ) Tj ET Q q 0 0 0 rg BT 389.04 281.75 Td (not ) Tj ET Q q 0 0 0 rg BT 404.63 281.75 Td (impair ) Tj ET Q q 0 0 0 rg BT 433.55 281.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 445.22 281.75 Td (.Blakely) Tj ET Q q 0 0 0 rg BT 484.10 281.75 Td (s ) Tj ET Q q 0 0 0 rg BT 490.81 281.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 519.17 281.75 Td (to ) Tj ET Q q 0 0 0 rg BT 529.77 281.75 Td (serve ) Tj ET Q q 0 0 0 rg BT 553.68 281.75 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.75 Td (an ) Tj ET Q q 0 0 0 rg BT 61.94 269.75 Td (ef) Tj ET Q q 0 0 0 rg BT 69.53 269.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 99.23 269.75 Td (member ) Tj ET Q q 0 0 0 rg BT 134.49 269.75 Td (of ) Tj ET Q q 0 0 0 rg BT 145.32 269.75 Td (Greenhill) Tj ET Q q 0 0 0 rg BT 185.86 269.75 Td (s ) Tj ET Q q 0 0 0 rg BT 191.70 269.75 Td (Audit ) Tj ET Q q 0 0 0 rg BT 216.98 269.75 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 266.42 269.75 Td ( ) Tj ET Q q 0 0 0 rg BT 268.92 269.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 248.75 Td (The ) Tj ET Q q 0 0 0 rg BT 81.56 248.75 Td (Audit ) Tj ET Q q 0 0 0 rg BT 107.56 248.75 Td (Committee) Tj ET Q q 0 0 0 rg BT 154.77 248.75 Td (s ) Tj ET Q q 0 0 0 rg BT 161.89 248.75 Td (purpose ) Tj ET Q q 0 0 0 rg BT 196.77 248.75 Td (is ) Tj ET Q q 0 0 0 rg BT 206.66 248.75 Td (to ) Tj ET Q q 0 0 0 rg BT 217.66 248.75 Td (oversee ) Tj ET Q q 0 0 0 rg BT 251.42 248.75 Td (the ) Tj ET Q q 0 0 0 rg BT 266.86 248.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 318.95 248.75 Td (auditor) Tj ET Q q 0 0 0 rg BT 347.65 248.75 Td () Tj ET Q q 0 0 0 rg BT 350.43 248.75 Td (s ) Tj ET Q q 0 0 0 rg BT 357.54 248.75 Td (qualifications, ) Tj ET Q q 0 0 0 rg BT 417.69 248.75 Td (independence ) Tj ET Q q 0 0 0 rg BT 475.88 248.75 Td (and ) Tj ET Q q 0 0 0 rg BT 493.54 248.75 Td (performance, ) Tj ET Q q 0 0 0 rg BT 549.79 248.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.75 Td (integrity ) Tj ET Q q 0 0 0 rg BT 85.92 236.75 Td (of ) Tj ET Q q 0 0 0 rg BT 96.29 236.75 Td (our ) Tj ET Q q 0 0 0 rg BT 111.66 236.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 148.68 236.75 Td (statements, ) Tj ET Q q 0 0 0 rg BT 195.43 236.75 Td (the ) Tj ET Q q 0 0 0 rg BT 209.69 236.75 Td (performance ) Tj ET Q q 0 0 0 rg BT 262.25 236.75 Td (of ) Tj ET Q q 0 0 0 rg BT 272.62 236.75 Td (our ) Tj ET Q q 0 0 0 rg BT 287.99 236.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 320.58 236.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 342.61 236.75 Td (function ) Tj ET Q q 0 0 0 rg BT 377.98 236.75 Td (and ) Tj ET Q q 0 0 0 rg BT 394.46 236.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 445.37 236.75 Td (auditors ) Tj ET Q q 0 0 0 rg BT 479.62 236.75 Td (and ) Tj ET Q q 0 0 0 rg BT 496.10 236.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 544.23 236.75 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.75 Td (legal ) Tj ET Q q 0 0 0 rg BT 72.04 224.75 Td (and ) Tj ET Q q 0 0 0 rg BT 89.08 224.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 132.79 224.75 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 189.91 224.75 Td (The ) Tj ET Q q 0 0 0 rg BT 207.48 224.75 Td (Audit ) Tj ET Q q 0 0 0 rg BT 232.87 224.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 279.91 224.75 Td (has ) Tj ET Q q 0 0 0 rg BT 295.85 224.75 Td (sole ) Tj ET Q q 0 0 0 rg BT 314.56 224.75 Td (authority ) Tj ET Q q 0 0 0 rg BT 353.27 224.75 Td (to ) Tj ET Q q 0 0 0 rg BT 363.66 224.75 Td (retain ) Tj ET Q q 0 0 0 rg BT 389.03 224.75 Td (and ) Tj ET Q q 0 0 0 rg BT 406.07 224.75 Td (terminate ) Tj ET Q q 0 0 0 rg BT 446.44 224.75 Td (the ) Tj ET Q q 0 0 0 rg BT 461.26 224.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 512.74 224.75 Td (auditors ) Tj ET Q q 0 0 0 rg BT 547.56 224.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.75 Td (is ) Tj ET Q q 0 0 0 rg BT 58.88 212.75 Td (directly ) Tj ET Q q 0 0 0 rg BT 91.63 212.75 Td (responsible ) Tj ET Q q 0 0 0 rg BT 139.38 212.75 Td (for ) Tj ET Q q 0 0 0 rg BT 153.25 212.75 Td (the ) Tj ET Q q 0 0 0 rg BT 167.67 212.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 225.42 212.75 Td (and ) Tj ET Q q 0 0 0 rg BT 242.07 212.75 Td (oversight ) Tj ET Q q 0 0 0 rg BT 281.49 212.75 Td (of ) Tj ET Q q 0 0 0 rg BT 292.03 212.75 Td (the ) Tj ET Q q 0 0 0 rg BT 306.45 212.75 Td (work ) Tj ET Q q 0 0 0 rg BT 329.21 212.75 Td (of ) Tj ET Q q 0 0 0 rg BT 339.75 212.75 Td (the ) Tj ET Q q 0 0 0 rg BT 354.17 212.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 405.25 212.75 Td (auditors. ) Tj ET Q q 0 0 0 rg BT 442.01 212.75 Td (The ) Tj ET Q q 0 0 0 rg BT 459.28 212.75 Td (Audit ) Tj ET Q q 0 0 0 rg BT 484.27 212.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 530.91 212.75 Td (reviews ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.75 Td (and ) Tj ET Q q 0 0 0 rg BT 67.06 200.75 Td (discusses ) Tj ET Q q 0 0 0 rg BT 106.90 200.75 Td (with ) Tj ET Q q 0 0 0 rg BT 127.29 200.75 Td (management ) Tj ET Q q 0 0 0 rg BT 181.00 200.75 Td (and ) Tj ET Q q 0 0 0 rg BT 198.06 200.75 Td (the ) Tj ET Q q 0 0 0 rg BT 212.89 200.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 264.39 200.75 Td (auditors ) Tj ET Q q 0 0 0 rg BT 299.22 200.75 Td (the ) Tj ET Q q 0 0 0 rg BT 314.06 200.75 Td (annual ) Tj ET Q q 0 0 0 rg BT 343.33 200.75 Td (audited ) Tj ET Q q 0 0 0 rg BT 375.38 200.75 Td (and ) Tj ET Q q 0 0 0 rg BT 392.44 200.75 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 431.15 200.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 468.75 200.75 Td (statements, ) Tj ET Q q 0 0 0 rg BT 516.08 200.75 Td (reviews ) Tj ET Q q 0 0 0 rg BT 549.80 200.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.75 Td (integrity ) Tj ET Q q 0 0 0 rg BT 86.04 188.75 Td (of ) Tj ET Q q 0 0 0 rg BT 96.52 188.75 Td (the ) Tj ET Q q 0 0 0 rg BT 110.89 188.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 148.02 188.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 186.83 188.75 Td (processes, ) Tj ET Q q 0 0 0 rg BT 229.80 188.75 Td (both ) Tj ET Q q 0 0 0 rg BT 249.74 188.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 282.43 188.75 Td (and ) Tj ET Q q 0 0 0 rg BT 299.02 188.75 Td (external, ) Tj ET Q q 0 0 0 rg BT 335.88 188.75 Td (and ) Tj ET Q q 0 0 0 rg BT 352.47 188.75 Td (prepares ) Tj ET Q q 0 0 0 rg BT 388.49 188.75 Td (the ) Tj ET Q q 0 0 0 rg BT 402.39 188.75 Td (Audit ) Tj ET Q q 0 0 0 rg BT 427.32 188.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 473.91 188.75 Td (Report ) Tj ET Q q 0 0 0 rg BT 503.28 188.75 Td (included ) Tj ET Q q 0 0 0 rg BT 539.87 188.75 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 188.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.75 Td (proxy ) Tj ET Q q 0 0 0 rg BT 75.70 176.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 116.40 176.75 Td (in ) Tj ET Q q 0 0 0 rg BT 126.55 176.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 173.88 176.75 Td (with ) Tj ET Q q 0 0 0 rg BT 194.03 176.75 Td (the ) Tj ET Q q 0 0 0 rg BT 208.62 176.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 230.43 176.75 Td (and ) Tj ET Q q 0 0 0 rg BT 247.25 176.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 294.05 176.75 Td (of ) Tj ET Q q 0 0 0 rg BT 304.76 176.75 Td (the ) Tj ET Q q 0 0 0 rg BT 319.35 176.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 361.15 176.75 Td (and ) Tj ET Q q 0 0 0 rg BT 377.96 176.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 419.76 176.75 Td (Commission. ) Tj ET Q q 0 0 0 rg BT 475.03 176.75 Td (The ) Tj ET Q q 0 0 0 rg BT 492.42 176.75 Td (Audit ) Tj ET Q q 0 0 0 rg BT 517.58 176.75 Td (Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.75 Td (met ) Tj ET Q q 0 0 0 rg BT 68.41 164.75 Td (five ) Tj ET Q q 0 0 0 rg BT 87.37 164.75 Td (times ) Tj ET Q q 0 0 0 rg BT 112.45 164.75 Td (during ) Tj ET Q q 0 0 0 rg BT 141.97 164.75 Td (2015. ) Tj ET Q q 0 0 0 rg BT 167.89 164.75 Td (In ) Tj ET Q q 0 0 0 rg BT 179.63 164.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 218.32 164.75 Td (the ) Tj ET Q q 0 0 0 rg BT 233.95 164.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 255.71 164.75 Td (Subcommittee ) Tj ET Q q 0 0 0 rg BT 316.89 164.75 Td (of ) Tj ET Q q 0 0 0 rg BT 328.63 164.75 Td (the ) Tj ET Q q 0 0 0 rg BT 343.51 164.75 Td (Audit ) Tj ET Q q 0 0 0 rg BT 369.70 164.75 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 420.06 164.75 Td (which ) Tj ET Q q 0 0 0 rg BT 447.91 164.75 Td (is ) Tj ET Q q 0 0 0 rg BT 458.00 164.75 Td (responsible ) Tj ET Q q 0 0 0 rg BT 506.96 164.75 Td (for ) Tj ET Q q 0 0 0 rg BT 522.03 164.75 Td (reviewing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.75 Td (periodic ) Tj ET Q q 0 0 0 rg BT 84.35 152.75 Td (reports ) Tj ET Q q 0 0 0 rg BT 113.71 152.75 Td (of ) Tj ET Q q 0 0 0 rg BT 123.63 152.75 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 162.98 152.75 Td (filed ) Tj ET Q q 0 0 0 rg BT 182.90 152.75 Td (with ) Tj ET Q q 0 0 0 rg BT 202.27 152.75 Td (the ) Tj ET Q q 0 0 0 rg BT 216.07 152.75 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 238.50 152.75 Td (met ) Tj ET Q q 0 0 0 rg BT 255.09 152.75 Td (four ) Tj ET Q q 0 0 0 rg BT 273.33 152.75 Td (times ) Tj ET Q q 0 0 0 rg BT 296.59 152.75 Td (during ) Tj ET Q q 0 0 0 rg BT 324.29 152.75 Td (2015. ) Tj ET Q q 0 0 0 rg BT 348.38 152.75 Td ( ) Tj ET Q q 0 0 0 rg BT 349.97 152.75 Td (Mr) Tj ET Q q 0 0 0 rg BT 361.64 152.75 Td (. ) Tj ET Q q 0 0 0 rg BT 365.73 152.75 Td (Key ) Tj ET Q q 0 0 0 rg BT 383.97 152.75 Td (is ) Tj ET Q q 0 0 0 rg BT 392.23 152.75 Td (the ) Tj ET Q q 0 0 0 rg BT 406.04 152.75 Td (sole ) Tj ET Q q 0 0 0 rg BT 423.74 152.75 Td (member ) Tj ET Q q 0 0 0 rg BT 458.09 152.75 Td (of ) Tj ET Q q 0 0 0 rg BT 468.01 152.75 Td (the ) Tj ET Q q 0 0 0 rg BT 481.82 152.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 501.75 152.75 Td (Subcommittee, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.75 Td (although ) Tj ET Q q 0 0 0 rg BT 87.50 140.75 Td (other ) Tj ET Q q 0 0 0 rg BT 109.99 140.75 Td (Audit ) Tj ET Q q 0 0 0 rg BT 135.27 140.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 182.21 140.75 Td (members ) Tj ET Q q 0 0 0 rg BT 221.36 140.75 Td (participate ) Tj ET Q q 0 0 0 rg BT 266.06 140.75 Td (in ) Tj ET Q q 0 0 0 rg BT 276.34 140.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 297.18 140.75 Td (Subcommittee ) Tj ET Q q 0 0 0 rg BT 357.45 140.75 Td (meetings ) Tj ET Q q 0 0 0 rg BT 396.05 140.75 Td (from ) Tj ET Q q 0 0 0 rg BT 417.99 140.75 Td (time ) Tj ET Q q 0 0 0 rg BT 438.26 140.75 Td (to ) Tj ET Q q 0 0 0 rg BT 448.54 140.75 Td (time. ) Tj ET Q endstream endobj 87 0 obj <> endobj 88 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (43) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 742.25 Td (Compensation Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 725.75 Td (Members: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.75 Td (Steven F) Tj ET Q q 0 0 0 rg BT 84.48 713.75 Td (. Goldstone \(Chairman\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.75 Td (Robert ) Tj ET Q q 0 0 0 rg BT 79.54 701.75 Td (T) Tj ET Q q 0 0 0 rg BT 84.90 701.75 Td (. Blakely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.75 Td (Stephen L. Key ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 668.75 Td (The ) Tj ET Q q 0 0 0 rg BT 81.01 668.75 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 140.75 668.75 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 189.66 668.75 Td (comprised ) Tj ET Q q 0 0 0 rg BT 233.28 668.75 Td (entirely ) Tj ET Q q 0 0 0 rg BT 265.79 668.75 Td (of ) Tj ET Q q 0 0 0 rg BT 276.09 668.75 Td (independent, ) Tj ET Q q 0 0 0 rg BT 329.43 668.75 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 388.59 668.75 Td (directors, ) Tj ET Q q 0 0 0 rg BT 428.05 668.75 Td (is ) Tj ET Q q 0 0 0 rg BT 436.68 668.75 Td (responsible ) Tj ET Q q 0 0 0 rg BT 484.20 668.75 Td (for ) Tj ET Q q 0 0 0 rg BT 497.82 668.75 Td (establishing ) Tj ET Q q 0 0 0 rg BT 547.56 668.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 656.75 Td (administering ) Tj ET Q q 0 0 0 rg BT 109.32 656.75 Td (our ) Tj ET Q q 0 0 0 rg BT 126.98 656.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 162.41 656.75 Td (involving ) Tj ET Q q 0 0 0 rg BT 205.07 656.75 Td (the ) Tj ET Q q 0 0 0 rg BT 221.62 656.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 281.49 656.75 Td (of ) Tj ET Q q 0 0 0 rg BT 294.15 656.75 Td (our ) Tj ET Q q 0 0 0 rg BT 311.81 656.75 Td (executive ) Tj ET Q q 0 0 0 rg BT 354.45 656.75 Td (of) Tj ET Q q 0 0 0 rg BT 362.60 656.75 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 391.63 656.75 Td (No ) Tj ET Q q 0 0 0 rg BT 408.18 656.75 Td (employee ) Tj ET Q q 0 0 0 rg BT 451.38 656.75 Td (of ) Tj ET Q q 0 0 0 rg BT 464.04 656.75 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 506.13 656.75 Td (serves ) Tj ET Q q 0 0 0 rg BT 535.45 656.75 Td (on ) Tj ET Q q 0 0 0 rg BT 549.78 656.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 644.75 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 109.54 644.75 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 158.12 644.75 Td (The ) Tj ET Q q 0 0 0 rg BT 175.43 644.75 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 234.97 644.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 281.18 644.75 Td (members ) Tj ET Q q 0 0 0 rg BT 319.60 644.75 Td (have ) Tj ET Q q 0 0 0 rg BT 340.25 644.75 Td (no ) Tj ET Q q 0 0 0 rg BT 352.02 644.75 Td (interlocking ) Tj ET Q q 0 0 0 rg BT 402.10 644.75 Td (relationships ) Tj ET Q q 0 0 0 rg BT 454.97 644.75 Td (as ) Tj ET Q q 0 0 0 rg BT 465.07 644.75 Td (defined ) Tj ET Q q 0 0 0 rg BT 496.83 644.75 Td (by ) Tj ET Q q 0 0 0 rg BT 508.59 644.75 Td (the ) Tj ET Q q 0 0 0 rg BT 522.58 644.75 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 632.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 632.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 108.86 632.75 Td (Commission.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 611.75 Td (The ) Tj ET Q q 0 0 0 rg BT 81.94 611.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 109.26 611.75 Td (of ) Tj ET Q q 0 0 0 rg BT 120.48 611.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 160.58 611.75 Td (has ) Tj ET Q q 0 0 0 rg BT 176.79 611.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 224.66 611.75 Td (that ) Tj ET Q q 0 0 0 rg BT 242.55 611.75 Td (all ) Tj ET Q q 0 0 0 rg BT 255.43 611.75 Td (members ) Tj ET Q q 0 0 0 rg BT 294.97 611.75 Td (of ) Tj ET Q q 0 0 0 rg BT 306.19 611.75 Td (the ) Tj ET Q q 0 0 0 rg BT 321.30 611.75 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 381.96 611.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 429.28 611.75 Td (are ) Tj ET Q q 0 0 0 rg BT 444.38 611.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 505.02 611.75 Td (as ) Tj ET Q q 0 0 0 rg BT 516.23 611.75 Td (that ) Tj ET Q q 0 0 0 rg BT 534.12 611.75 Td (term ) Tj ET Q q 0 0 0 rg BT 555.33 611.75 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 599.75 Td (defined ) Tj ET Q q 0 0 0 rg BT 82.13 599.75 Td (in ) Tj ET Q q 0 0 0 rg BT 92.06 599.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 135.30 599.75 Td (New ) Tj ET Q q 0 0 0 rg BT 156.01 599.75 Td (Y) Tj ET Q q 0 0 0 rg BT 162.23 599.75 Td (ork ) Tj ET Q q 0 0 0 rg BT 177.71 599.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 202.64 599.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 244.21 599.75 Td (listing ) Tj ET Q q 0 0 0 rg BT 271.36 599.75 Td (standards. ) Tj ET Q q 0 0 0 rg BT 313.62 599.75 Td (The ) Tj ET Q q 0 0 0 rg BT 331.32 599.75 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 391.24 599.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 437.83 599.75 Td (oversees ) Tj ET Q q 0 0 0 rg BT 474.40 599.75 Td (our ) Tj ET Q q 0 0 0 rg BT 489.88 599.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 547.57 599.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 587.75 Td (benefits ) Tj ET Q q 0 0 0 rg BT 83.77 587.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 116.99 587.75 Td (generally) Tj ET Q q 0 0 0 rg BT 153.54 587.75 Td (, ) Tj ET Q q 0 0 0 rg BT 158.16 587.75 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 197.48 587.75 Td (senior ) Tj ET Q q 0 0 0 rg BT 224.03 587.75 Td (executive ) Tj ET Q q 0 0 0 rg BT 264.46 587.75 Td (performance, ) Tj ET Q q 0 0 0 rg BT 319.60 587.75 Td (oversees ) Tj ET Q q 0 0 0 rg BT 356.14 587.75 Td (and ) Tj ET Q q 0 0 0 rg BT 372.69 587.75 Td (sets ) Tj ET Q q 0 0 0 rg BT 389.81 587.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 447.47 587.75 Td (for ) Tj ET Q q 0 0 0 rg BT 461.24 587.75 Td (our ) Tj ET Q q 0 0 0 rg BT 476.69 587.75 Td (senior ) Tj ET Q q 0 0 0 rg BT 503.24 587.75 Td (executives ) Tj ET Q q 0 0 0 rg BT 547.56 587.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 575.75 Td (reviews ) Tj ET Q q 0 0 0 rg BT 85.71 575.75 Td (management) Tj ET Q q 0 0 0 rg BT 139.58 575.75 Td (s ) Tj ET Q q 0 0 0 rg BT 148.08 575.75 Td (succession ) Tj ET Q q 0 0 0 rg BT 195.45 575.75 Td (plan. ) Tj ET Q q 0 0 0 rg BT 219.45 575.75 Td (The ) Tj ET Q q 0 0 0 rg BT 239.60 575.75 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 301.99 575.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 351.03 575.75 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 392.85 575.75 Td (our ) Tj ET Q q 0 0 0 rg BT 410.79 575.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 470.94 575.75 Td (philosophy) Tj ET Q q 0 0 0 rg BT 514.74 575.75 Td (, ) Tj ET Q q 0 0 0 rg BT 521.84 575.75 Td (goals ) Tj ET Q q 0 0 0 rg BT 547.56 575.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 563.75 Td (objectives ) Tj ET Q q 0 0 0 rg BT 93.54 563.75 Td (generally) Tj ET Q q 0 0 0 rg BT 130.09 563.75 Td (, ) Tj ET Q q 0 0 0 rg BT 135.58 563.75 Td (and ) Tj ET Q q 0 0 0 rg BT 153.01 563.75 Td (it ) Tj ET Q q 0 0 0 rg BT 161.56 563.75 Td (approves ) Tj ET Q q 0 0 0 rg BT 200.65 563.75 Td (corporate ) Tj ET Q q 0 0 0 rg BT 241.40 563.75 Td (goals ) Tj ET Q q 0 0 0 rg BT 265.50 563.75 Td (related ) Tj ET Q q 0 0 0 rg BT 295.70 563.75 Td (to ) Tj ET Q q 0 0 0 rg BT 306.47 563.75 Td (the ) Tj ET Q q 0 0 0 rg BT 321.68 563.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 380.21 563.75 Td (of ) Tj ET Q q 0 0 0 rg BT 391.54 563.75 Td (our ) Tj ET Q q 0 0 0 rg BT 407.86 563.75 Td (senior ) Tj ET Q q 0 0 0 rg BT 435.29 563.75 Td (executives ) Tj ET Q q 0 0 0 rg BT 480.49 563.75 Td (\(including ) Tj ET Q q 0 0 0 rg BT 524.58 563.75 Td (the ) Tj ET Q q 0 0 0 rg BT 539.79 563.75 Td (Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 551.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 92.64 551.75 Td (Of) Tj ET Q q 0 0 0 rg BT 103.02 551.75 Td (ficer\), ) Tj ET Q q 0 0 0 rg BT 129.82 551.75 Td (approves ) Tj ET Q q 0 0 0 rg BT 168.59 551.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 226.79 551.75 Td (and ) Tj ET Q q 0 0 0 rg BT 243.89 551.75 Td (compensatory ) Tj ET Q q 0 0 0 rg BT 302.65 551.75 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 359.18 551.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 402.93 551.75 Td (to ) Tj ET Q q 0 0 0 rg BT 413.37 551.75 Td (our ) Tj ET Q q 0 0 0 rg BT 429.37 551.75 Td (other ) Tj ET Q q 0 0 0 rg BT 452.58 551.75 Td (executive ) Tj ET Q q 0 0 0 rg BT 493.55 551.75 Td (of) Tj ET Q q 0 0 0 rg BT 501.70 551.75 Td (ficers ) Tj ET Q q 0 0 0 rg BT 526.57 551.75 Td (based ) Tj ET Q q 0 0 0 rg BT 552.00 551.75 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.75 Td (our ) Tj ET Q q 0 0 0 rg BT 67.77 539.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 127.75 539.75 Td (goals ) Tj ET Q q 0 0 0 rg BT 153.29 539.75 Td (and ) Tj ET Q q 0 0 0 rg BT 172.17 539.75 Td (objectives. ) Tj ET Q q 0 0 0 rg BT 219.65 539.75 Td (See ) Tj ET Q q 0 0 0 rg BT 238.53 539.75 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 242.97 539.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 286.26 539.75 Td (CompensationCompensation ) Tj ET Q q 0 0 0 rg BT 415.15 539.75 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 463.48 539.75 Td (and ) Tj ET Q q 0 0 0 rg BT 482.59 539.75 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 516.48 539.75 Td ( ) Tj ET Q q 0 0 0 rg BT 525.36 539.75 Td (for ) Tj ET Q q 0 0 0 rg BT 541.46 539.75 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.75 Td (information ) Tj ET Q q 0 0 0 rg BT 100.02 527.75 Td (on ) Tj ET Q q 0 0 0 rg BT 112.83 527.75 Td (the ) Tj ET Q q 0 0 0 rg BT 127.85 527.75 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 188.43 527.75 Td (Committee) Tj ET Q q 0 0 0 rg BT 235.65 527.75 Td (s ) Tj ET Q q 0 0 0 rg BT 242.35 527.75 Td (role ) Tj ET Q q 0 0 0 rg BT 260.70 527.75 Td (in ) Tj ET Q q 0 0 0 rg BT 271.29 527.75 Td (determining ) Tj ET Q q 0 0 0 rg BT 322.42 527.75 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 383.27 527.75 Td (In ) Tj ET Q q 0 0 0 rg BT 394.40 527.75 Td (addition, ) Tj ET Q q 0 0 0 rg BT 432.49 527.75 Td (the ) Tj ET Q q 0 0 0 rg BT 447.51 527.75 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 508.09 527.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 555.34 527.75 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.75 Td (responsible ) Tj ET Q q 0 0 0 rg BT 97.77 515.75 Td (for ) Tj ET Q q 0 0 0 rg BT 111.64 515.75 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 153.85 515.75 Td (and ) Tj ET Q q 0 0 0 rg BT 170.50 515.75 Td (recommending ) Tj ET Q q 0 0 0 rg BT 232.70 515.75 Td (the ) Tj ET Q q 0 0 0 rg BT 247.14 515.75 Td (establishment ) Tj ET Q q 0 0 0 rg BT 304.35 515.75 Td (of ) Tj ET Q q 0 0 0 rg BT 314.89 515.75 Td (broad-based ) Tj ET Q q 0 0 0 rg BT 365.98 515.75 Td (incentive ) Tj ET Q q 0 0 0 rg BT 404.85 515.75 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 465.11 515.75 Td (equity-based, ) Tj ET Q q 0 0 0 rg BT 520.92 515.75 Td (retirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.75 Td (or ) Tj ET Q q 0 0 0 rg BT 62.21 503.75 Td (other ) Tj ET Q q 0 0 0 rg BT 86.64 503.75 Td (material ) Tj ET Q q 0 0 0 rg BT 123.28 503.75 Td (employee ) Tj ET Q q 0 0 0 rg BT 166.03 503.75 Td (benefit ) Tj ET Q q 0 0 0 rg BT 197.67 503.75 Td (plans, ) Tj ET Q q 0 0 0 rg BT 225.16 503.75 Td (and ) Tj ET Q q 0 0 0 rg BT 243.48 503.75 Td (for ) Tj ET Q q 0 0 0 rg BT 259.02 503.75 Td (dischar) Tj ET Q q 0 0 0 rg BT 287.72 503.75 Td (ging ) Tj ET Q q 0 0 0 rg BT 309.38 503.75 Td (any ) Tj ET Q q 0 0 0 rg BT 327.70 503.75 Td (duties ) Tj ET Q q 0 0 0 rg BT 355.46 503.75 Td (under ) Tj ET Q q 0 0 0 rg BT 382.11 503.75 Td (the ) Tj ET Q q 0 0 0 rg BT 398.21 503.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 424.31 503.75 Td (of ) Tj ET Q q 0 0 0 rg BT 436.52 503.75 Td (our ) Tj ET Q q 0 0 0 rg BT 453.73 503.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 482.60 503.75 Td (incentive ) Tj ET Q q 0 0 0 rg BT 523.13 503.75 Td (plan. ) Tj ET Q q 0 0 0 rg BT 546.45 503.75 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.75 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 110.27 491.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 157.21 491.75 Td (met ) Tj ET Q q 0 0 0 rg BT 174.71 491.75 Td (five ) Tj ET Q q 0 0 0 rg BT 192.75 491.75 Td (times ) Tj ET Q q 0 0 0 rg BT 216.92 491.75 Td (during ) Tj ET Q q 0 0 0 rg BT 245.53 491.75 Td (2015. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 470.75 Td (Nominating and Governance Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (Members: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (Robert ) Tj ET Q q 0 0 0 rg BT 79.54 442.25 Td (T) Tj ET Q q 0 0 0 rg BT 84.90 442.25 Td (. Blakely \(Chairman\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (Steven F) Tj ET Q q 0 0 0 rg BT 84.48 430.25 Td (. Goldstone ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (Stephen L. Key ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (Karen P) Tj ET Q q 0 0 0 rg BT 81.38 406.25 Td (. Robards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 385.25 Td (The ) Tj ET Q q 0 0 0 rg BT 81.36 385.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 108.10 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.74 385.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 158.26 385.25 Td (has ) Tj ET Q q 0 0 0 rg BT 173.90 385.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 221.18 385.25 Td (that ) Tj ET Q q 0 0 0 rg BT 238.49 385.25 Td (all ) Tj ET Q q 0 0 0 rg BT 250.79 385.25 Td (members ) Tj ET Q q 0 0 0 rg BT 289.76 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.39 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.92 385.25 Td (Nominating ) Tj ET Q q 0 0 0 rg BT 365.00 385.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.75 385.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 432.36 385.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 479.11 385.25 Td (are ) Tj ET Q q 0 0 0 rg BT 493.63 385.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 553.68 385.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (that ) Tj ET Q q 0 0 0 rg BT 68.59 373.25 Td (term ) Tj ET Q q 0 0 0 rg BT 90.51 373.25 Td (is ) Tj ET Q q 0 0 0 rg BT 100.78 373.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 134.36 373.25 Td (in ) Tj ET Q q 0 0 0 rg BT 145.73 373.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 190.42 373.25 Td (New ) Tj ET Q q 0 0 0 rg BT 212.36 373.25 Td (Y) Tj ET Q q 0 0 0 rg BT 218.58 373.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 235.51 373.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 261.89 373.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 304.91 373.25 Td (listing ) Tj ET Q q 0 0 0 rg BT 333.51 373.25 Td (standards. ) Tj ET Q q 0 0 0 rg BT 377.11 373.25 Td (The ) Tj ET Q q 0 0 0 rg BT 396.25 373.25 Td (Nominating ) Tj ET Q q 0 0 0 rg BT 447.62 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 465.66 373.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 517.56 373.25 Td (Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (identifies ) Tj ET Q q 0 0 0 rg BT 90.35 361.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.92 361.25 Td (recommends ) Tj ET Q q 0 0 0 rg BT 162.15 361.25 Td (individuals ) Tj ET Q q 0 0 0 rg BT 209.72 361.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 248.40 361.25 Td (to ) Tj ET Q q 0 0 0 rg BT 259.31 361.25 Td (become ) Tj ET Q q 0 0 0 rg BT 293.54 361.25 Td (members ) Tj ET Q q 0 0 0 rg BT 333.33 361.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.79 361.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.14 361.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 387.71 361.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.18 361.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 439.52 361.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.09 361.25 Td (recommends ) Tj ET Q q 0 0 0 rg BT 511.32 361.25 Td (to ) Tj ET Q q 0 0 0 rg BT 522.23 361.25 Td (the ) Tj ET Q q 0 0 0 rg BT 537.58 361.25 Td (Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td (sound ) Tj ET Q q 0 0 0 rg BT 76.35 349.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 116.55 349.25 Td (governance ) Tj ET Q q 0 0 0 rg BT 165.09 349.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 206.98 349.25 Td (and ) Tj ET Q q 0 0 0 rg BT 223.87 349.25 Td (practices ) Tj ET Q q 0 0 0 rg BT 261.86 349.25 Td (for ) Tj ET Q q 0 0 0 rg BT 275.97 349.25 Td (Greenhill. ) Tj ET Q q 0 0 0 rg BT 318.69 349.25 Td (In ) Tj ET Q q 0 0 0 rg BT 329.47 349.25 Td (particular) Tj ET Q q 0 0 0 rg BT 367.38 349.25 Td (, ) Tj ET Q q 0 0 0 rg BT 372.33 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.00 349.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 433.90 349.25 Td (assesses ) Tj ET Q q 0 0 0 rg BT 469.12 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.79 349.25 Td (independence ) Tj ET Q q 0 0 0 rg BT 541.22 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 552.00 349.25 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 77.14 337.25 Td (members, ) Tj ET Q q 0 0 0 rg BT 119.00 337.25 Td (identifies ) Tj ET Q q 0 0 0 rg BT 158.92 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 176.06 337.25 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 215.97 337.25 Td (candidates ) Tj ET Q q 0 0 0 rg BT 260.88 337.25 Td (for ) Tj ET Q q 0 0 0 rg BT 275.24 337.25 Td (nomination ) Tj ET Q q 0 0 0 rg BT 323.50 337.25 Td (as ) Tj ET Q q 0 0 0 rg BT 334.54 337.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 374.73 337.25 Td (recommends ) Tj ET Q q 0 0 0 rg BT 428.53 337.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.45 337.25 Td (slate ) Tj ET Q q 0 0 0 rg BT 464.48 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 475.51 337.25 Td (director ) Tj ET Q q 0 0 0 rg BT 509.31 337.25 Td (nominees ) Tj ET Q q 0 0 0 rg BT 550.34 337.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (election ) Tj ET Q q 0 0 0 rg BT 84.02 325.25 Td (at ) Tj ET Q q 0 0 0 rg BT 93.60 325.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.19 325.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 137.21 325.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 171.79 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 182.48 325.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 235.40 325.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.20 325.25 Td (to ) Tj ET Q q 0 0 0 rg BT 262.35 325.25 Td (fill ) Tj ET Q q 0 0 0 rg BT 276.38 325.25 Td (vacancies ) Tj ET Q q 0 0 0 rg BT 317.61 325.25 Td (between ) Tj ET Q q 0 0 0 rg BT 353.29 325.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 382.32 325.25 Td (meetings, ) Tj ET Q q 0 0 0 rg BT 423.29 325.25 Td (recommends ) Tj ET Q q 0 0 0 rg BT 476.75 325.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 514.66 325.25 Td (members ) Tj ET Q q 0 0 0 rg BT 553.68 325.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.71 313.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 89.63 313.25 Td (for ) Tj ET Q q 0 0 0 rg BT 102.78 313.25 Td (membership ) Tj ET Q q 0 0 0 rg BT 153.71 313.25 Td (on ) Tj ET Q q 0 0 0 rg BT 165.20 313.25 Td (committees, ) Tj ET Q q 0 0 0 rg BT 215.28 313.25 Td (oversees ) Tj ET Q q 0 0 0 rg BT 251.20 313.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.91 313.25 Td (director ) Tj ET Q q 0 0 0 rg BT 297.49 313.25 Td (orientation ) Tj ET Q q 0 0 0 rg BT 342.30 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.23 313.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 402.49 313.25 Td (education ) Tj ET Q q 0 0 0 rg BT 442.85 313.25 Td (programs, ) Tj ET Q q 0 0 0 rg BT 484.61 313.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 517.20 313.25 Td (the ) Tj ET Q q 0 0 0 rg BT 530.90 313.25 Td (Board) Tj ET Q q 0 0 0 rg BT 558.12 313.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 94.24 301.25 Td (structure, ) Tj ET Q q 0 0 0 rg BT 133.76 301.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 166.90 301.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.37 301.25 Td (assesses ) Tj ET Q q 0 0 0 rg BT 218.18 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.43 301.25 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 272.22 301.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.58 301.25 Td (our ) Tj ET Q q 0 0 0 rg BT 297.95 301.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 339.97 301.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 390.31 301.25 Td (Guidelines, ) Tj ET Q q 0 0 0 rg BT 438.17 301.25 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 477.41 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.66 301.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 520.35 301.25 Td (evaluation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (process ) Tj ET Q q 0 0 0 rg BT 81.47 289.25 Td (for ) Tj ET Q q 0 0 0 rg BT 94.61 289.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.30 289.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 134.22 289.25 Td (and ) Tj ET Q q 0 0 0 rg BT 150.14 289.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 176.05 289.25 Td (committees ) Tj ET Q q 0 0 0 rg BT 223.63 289.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.55 289.25 Td (is ) Tj ET Q q 0 0 0 rg BT 247.70 289.25 Td (char) Tj ET Q q 0 0 0 rg BT 264.72 289.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 280.64 289.25 Td (with ) Tj ET Q q 0 0 0 rg BT 299.90 289.25 Td (overseeing ) Tj ET Q q 0 0 0 rg BT 344.69 289.25 Td (our ) Tj ET Q q 0 0 0 rg BT 359.50 289.25 Td (Related ) Tj ET Q q 0 0 0 rg BT 391.52 289.25 Td (Person ) Tj ET Q q 0 0 0 rg BT 420.11 289.25 Td (T) Tj ET Q q 0 0 0 rg BT 425.87 289.25 Td (ransaction ) Tj ET Q q 0 0 0 rg BT 468.44 289.25 Td (Policy) Tj ET Q q 0 0 0 rg BT 493.35 289.25 Td (. ) Tj ET Q q 0 0 0 rg BT 497.22 289.25 Td (The ) Tj ET Q q 0 0 0 rg BT 514.25 289.25 Td (Nominating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 277.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 117.74 277.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 164.68 277.25 Td (met ) Tj ET Q q 0 0 0 rg BT 182.18 277.25 Td (two ) Tj ET Q q 0 0 0 rg BT 199.68 277.25 Td (times ) Tj ET Q q 0 0 0 rg BT 223.84 277.25 Td (during ) Tj ET Q q 0 0 0 rg BT 252.45 277.25 Td (2015. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 253.25 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 86.93 253.25 Td (Attendance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 232.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 82.47 232.25 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 125.87 232.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 177.59 232.25 Td (Guidelines ) Tj ET Q q 0 0 0 rg BT 224.33 232.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 258.29 232.25 Td (that ) Tj ET Q q 0 0 0 rg BT 276.70 232.25 Td (our ) Tj ET Q q 0 0 0 rg BT 293.44 232.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 331.84 232.25 Td (are ) Tj ET Q q 0 0 0 rg BT 347.46 232.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 386.41 232.25 Td (to ) Tj ET Q q 0 0 0 rg BT 397.60 232.25 Td (attend ) Tj ET Q q 0 0 0 rg BT 425.45 232.25 Td (meetings ) Tj ET Q q 0 0 0 rg BT 464.97 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.71 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.35 232.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 520.20 232.25 Td (and ) Tj ET Q q 0 0 0 rg BT 538.05 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 232.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.25 Td (committees ) Tj ET Q q 0 0 0 rg BT 98.79 220.25 Td (on ) Tj ET Q q 0 0 0 rg BT 111.49 220.25 Td (which ) Tj ET Q q 0 0 0 rg BT 138.62 220.25 Td (they ) Tj ET Q q 0 0 0 rg BT 158.54 220.25 Td (serve. ) Tj ET Q q 0 0 0 rg BT 184.63 220.25 Td (W) Tj ET Q q 0 0 0 rg BT 193.27 220.25 Td (e ) Tj ET Q q 0 0 0 rg BT 200.41 220.25 Td (do ) Tj ET Q q 0 0 0 rg BT 213.10 220.25 Td (not ) Tj ET Q q 0 0 0 rg BT 228.57 220.25 Td (have ) Tj ET Q q 0 0 0 rg BT 250.15 220.25 Td (a ) Tj ET Q q 0 0 0 rg BT 257.28 220.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 284.97 220.25 Td (requiring ) Tj ET Q q 0 0 0 rg BT 324.32 220.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 362.00 220.25 Td (to ) Tj ET Q q 0 0 0 rg BT 372.48 220.25 Td (attend ) Tj ET Q q 0 0 0 rg BT 399.60 220.25 Td (our ) Tj ET Q q 0 0 0 rg BT 415.63 220.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 444.98 220.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 479.89 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.91 220.25 Td (stockholders. ) Tj ET Q q 0 0 0 rg BT 546.46 220.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 76.17 208.25 Td (met ) Tj ET Q q 0 0 0 rg BT 92.90 208.25 Td (eight ) Tj ET Q q 0 0 0 rg BT 114.62 208.25 Td (times ) Tj ET Q q 0 0 0 rg BT 138.02 208.25 Td (during ) Tj ET Q q 0 0 0 rg BT 165.86 208.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 189.71 208.25 Td (All ) Tj ET Q q 0 0 0 rg BT 204.22 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.28 208.25 Td (our ) Tj ET Q q 0 0 0 rg BT 229.34 208.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 266.05 208.25 Td (attended ) Tj ET Q q 0 0 0 rg BT 301.66 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.60 208.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 343.99 208.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 377.93 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 387.99 208.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 440.27 208.25 Td (in ) Tj ET Q q 0 0 0 rg BT 449.78 208.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 474.01 208.25 Td (and ) Tj ET Q q 0 0 0 rg BT 490.18 208.25 Td (all ) Tj ET Q q 0 0 0 rg BT 501.91 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.97 208.25 Td (our ) Tj ET Q q 0 0 0 rg BT 527.03 208.25 Td (directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.25 Td (attended ) Tj ET Q q 0 0 0 rg BT 86.37 196.25 Td (at ) Tj ET Q q 0 0 0 rg BT 96.09 196.25 Td (least ) Tj ET Q q 0 0 0 rg BT 116.91 196.25 Td (75% ) Tj ET Q q 0 0 0 rg BT 137.74 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.57 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.29 196.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 190.23 196.25 Td (and ) Tj ET Q q 0 0 0 rg BT 207.17 196.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 251.88 196.25 Td (meetings ) Tj ET Q q 0 0 0 rg BT 290.48 196.25 Td (on ) Tj ET Q q 0 0 0 rg BT 302.98 196.25 Td (which ) Tj ET Q q 0 0 0 rg BT 329.92 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.63 196.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 382.12 196.25 Td (served. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 172.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 172.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 89.62 172.25 Td (es for) Tj ET Q q 0 0 0 rg BT 113.04 172.25 Td ( Contacting the Board of Dir) Tj ET Q q 0 0 0 rg BT 235.35 172.25 Td (ectors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 151.25 Td (The ) Tj ET Q q 0 0 0 rg BT 81.06 151.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 107.50 151.25 Td (has ) Tj ET Q q 0 0 0 rg BT 122.84 151.25 Td (established ) Tj ET Q q 0 0 0 rg BT 169.28 151.25 Td (a ) Tj ET Q q 0 0 0 rg BT 175.73 151.25 Td (process ) Tj ET Q q 0 0 0 rg BT 207.73 151.25 Td (for ) Tj ET Q q 0 0 0 rg BT 221.40 151.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 273.95 151.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.40 151.25 Td (other ) Tj ET Q q 0 0 0 rg BT 312.95 151.25 Td (interested ) Tj ET Q q 0 0 0 rg BT 353.83 151.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 382.50 151.25 Td (to ) Tj ET Q q 0 0 0 rg BT 392.28 151.25 Td (send ) Tj ET Q q 0 0 0 rg BT 412.62 151.25 Td (written ) Tj ET Q q 0 0 0 rg BT 442.96 151.25 Td (communications ) Tj ET Q q 0 0 0 rg BT 511.06 151.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.85 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.07 151.25 Td (Board, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.29 139.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 117.24 139.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 157.80 139.25 Td (or ) Tj ET Q q 0 0 0 rg BT 169.20 139.25 Td (to ) Tj ET Q q 0 0 0 rg BT 180.05 139.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 223.68 139.25 Td (directors. ) Tj ET Q q 0 0 0 rg BT 264.24 139.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 287.31 139.25 Td (communications ) Tj ET Q q 0 0 0 rg BT 356.48 139.25 Td (may ) Tj ET Q q 0 0 0 rg BT 376.77 139.25 Td (be ) Tj ET Q q 0 0 0 rg BT 389.28 139.25 Td (made ) Tj ET Q q 0 0 0 rg BT 414.01 139.25 Td (anonymously) Tj ET Q q 0 0 0 rg BT 467.25 139.25 Td (. ) Tj ET Q q 0 0 0 rg BT 472.82 139.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 495.90 139.25 Td (communications ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.25 Td (should ) Tj ET Q q 0 0 0 rg BT 79.36 127.25 Td (be ) Tj ET Q q 0 0 0 rg BT 91.49 127.25 Td (sent ) Tj ET Q q 0 0 0 rg BT 110.29 127.25 Td (by ) Tj ET Q q 0 0 0 rg BT 122.98 127.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 143.46 127.25 Td (mail ) Tj ET Q q 0 0 0 rg BT 163.92 127.25 Td (to ) Tj ET Q q 0 0 0 rg BT 174.40 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 189.30 127.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 216.43 127.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.46 127.25 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 269.85 127.25 Td (c/o ) Tj ET Q q 0 0 0 rg BT 284.76 127.25 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 327.72 127.25 Td (300 ) Tj ET Q q 0 0 0 rg BT 345.41 127.25 Td (Park ) Tj ET Q q 0 0 0 rg BT 365.84 127.25 Td (A) Tj ET Q q 0 0 0 rg BT 372.32 127.25 Td (venue, ) Tj ET Q q 0 0 0 rg BT 401.39 127.25 Td (New ) Tj ET Q q 0 0 0 rg BT 422.56 127.25 Td (Y) Tj ET Q q 0 0 0 rg BT 428.78 127.25 Td (ork, ) Tj ET Q q 0 0 0 rg BT 447.30 127.25 Td (New ) Tj ET Q q 0 0 0 rg BT 468.48 127.25 Td (Y) Tj ET Q q 0 0 0 rg BT 474.70 127.25 Td (ork, ) Tj ET Q q 0 0 0 rg BT 493.22 127.25 Td (10022 ) Tj ET Q q 0 0 0 rg BT 520.91 127.25 Td (\(attention: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.25 Td (Secretary\). ) Tj ET Q q 0 0 0 rg BT 96.13 115.25 Td (The ) Tj ET Q q 0 0 0 rg BT 114.42 115.25 Td (communications ) Tj ET Q q 0 0 0 rg BT 183.27 115.25 Td (will ) Tj ET Q q 0 0 0 rg BT 201.57 115.25 Td (be ) Tj ET Q q 0 0 0 rg BT 213.75 115.25 Td (collected ) Tj ET Q q 0 0 0 rg BT 252.59 115.25 Td (by ) Tj ET Q q 0 0 0 rg BT 265.33 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.30 115.25 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 320.80 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 337.98 115.25 Td (delivered, ) Tj ET Q q 0 0 0 rg BT 380.43 115.25 Td (in ) Tj ET Q q 0 0 0 rg BT 390.95 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.91 115.25 Td (form ) Tj ET Q q 0 0 0 rg BT 428.10 115.25 Td (received ) Tj ET Q q 0 0 0 rg BT 464.71 115.25 Td (and ) Tj ET Q q 0 0 0 rg BT 481.89 115.25 Td (if ) Tj ET Q q 0 0 0 rg BT 490.74 115.25 Td (so ) Tj ET Q q 0 0 0 rg BT 502.38 115.25 Td (addressed, ) Tj ET Q q 0 0 0 rg BT 547.06 115.25 Td (to ) Tj ET Q q 0 0 0 rg BT 557.58 115.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 103.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 88.75 103.25 Td (director) Tj ET Q q 0 0 0 rg BT 119.44 103.25 Td (, ) Tj ET Q q 0 0 0 rg BT 124.59 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.46 103.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 190.99 103.25 Td (directors, ) Tj ET Q q 0 0 0 rg BT 231.13 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.00 103.25 Td (Lead ) Tj ET Q q 0 0 0 rg BT 268.63 103.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 320.71 103.25 Td (Director ) Tj ET Q q 0 0 0 rg BT 356.68 103.25 Td (or ) Tj ET Q q 0 0 0 rg BT 367.66 103.25 Td (the ) Tj ET Q q 0 0 0 rg BT 381.95 103.25 Td (Audit ) Tj ET Q q 0 0 0 rg BT 407.38 103.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 454.47 103.25 Td (or ) Tj ET Q q 0 0 0 rg BT 465.45 103.25 Td (its ) Tj ET Q q 0 0 0 rg BT 477.55 103.25 Td (Chairman. ) Tj ET Q q 0 0 0 rg BT 522.14 103.25 Td (Items ) Tj ET Q q 0 0 0 rg BT 547.01 103.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 91.25 Td (are ) Tj ET Q q 0 0 0 rg BT 63.93 91.25 Td (unrelated ) Tj ET Q q 0 0 0 rg BT 102.85 91.25 Td (to ) Tj ET Q q 0 0 0 rg BT 112.36 91.25 Td (a ) Tj ET Q q 0 0 0 rg BT 118.52 91.25 Td (director) Tj ET Q q 0 0 0 rg BT 149.98 91.25 Td () Tj ET Q q 0 0 0 rg BT 152.76 91.25 Td (s ) Tj ET Q q 0 0 0 rg BT 158.37 91.25 Td (duties ) Tj ET Q q 0 0 0 rg BT 183.98 91.25 Td (and ) Tj ET Q q 0 0 0 rg BT 200.14 91.25 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 262.42 91.25 Td (as ) Tj ET Q q 0 0 0 rg BT 272.47 91.25 Td (a ) Tj ET Q q 0 0 0 rg BT 278.63 91.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 304.79 91.25 Td (member ) Tj ET Q q 0 0 0 rg BT 339.28 91.25 Td (may ) Tj ET Q q 0 0 0 rg BT 358.22 91.25 Td (be ) Tj ET Q q 0 0 0 rg BT 369.38 91.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 407.20 91.25 Td (by ) Tj ET Q q 0 0 0 rg BT 418.92 91.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.86 91.25 Td (Secretary) Tj ET Q q 0 0 0 rg BT 469.96 91.25 Td (, ) Tj ET Q q 0 0 0 rg BT 474.19 91.25 Td (including ) Tj ET Q q 0 0 0 rg BT 513.68 91.25 Td (solicitations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 79.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 79.25 Td (advertisements, ) Tj ET Q q 0 0 0 rg BT 131.92 79.25 Td (junk ) Tj ET Q q 0 0 0 rg BT 152.20 79.25 Td (mail ) Tj ET Q q 0 0 0 rg BT 172.47 79.25 Td (and ) Tj ET Q q 0 0 0 rg BT 189.41 79.25 Td (resumes. ) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (44) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 742.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 89.62 742.25 Td (es for) Tj ET Q q 0 0 0 rg BT 113.04 742.25 Td ( Selecting and Nominating Dir) Tj ET Q q 0 0 0 rg BT 242.31 742.25 Td (ector) Tj ET Q q 0 0 0 rg BT 263.77 742.25 Td ( Candidates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 721.25 Td (In ) Tj ET Q q 0 0 0 rg BT 73.70 721.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 117.22 721.25 Td (the ) Tj ET Q q 0 0 0 rg BT 131.31 721.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 178.72 721.25 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 237.77 721.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.98 721.25 Td (candidates ) Tj ET Q q 0 0 0 rg BT 292.05 721.25 Td (for ) Tj ET Q q 0 0 0 rg BT 305.58 721.25 Td (service ) Tj ET Q q 0 0 0 rg BT 335.77 721.25 Td (as ) Tj ET Q q 0 0 0 rg BT 345.97 721.25 Td (a ) Tj ET Q q 0 0 0 rg BT 352.28 721.25 Td (director) Tj ET Q q 0 0 0 rg BT 382.97 721.25 Td (, ) Tj ET Q q 0 0 0 rg BT 387.35 721.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.43 721.25 Td (Nominating ) Tj ET Q q 0 0 0 rg BT 451.08 721.25 Td (and ) Tj ET Q q 0 0 0 rg BT 467.39 721.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 517.57 721.25 Td (Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (takes ) Tj ET Q q 0 0 0 rg BT 73.97 709.25 Td (into ) Tj ET Q q 0 0 0 rg BT 92.95 709.25 Td (account ) Tj ET Q q 0 0 0 rg BT 127.46 709.25 Td (many ) Tj ET Q q 0 0 0 rg BT 153.10 709.25 Td (factors. ) Tj ET Q q 0 0 0 rg BT 185.48 709.25 Td (At ) Tj ET Q q 0 0 0 rg BT 198.90 709.25 Td (a ) Tj ET Q q 0 0 0 rg BT 206.76 709.25 Td (minimum, ) Tj ET Q q 0 0 0 rg BT 251.57 709.25 Td (director ) Tj ET Q q 0 0 0 rg BT 286.09 709.25 Td (candidates ) Tj ET Q q 0 0 0 rg BT 331.71 709.25 Td (must ) Tj ET Q q 0 0 0 rg BT 354.58 709.25 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 406.87 709.25 Td (high ) Tj ET Q q 0 0 0 rg BT 428.07 709.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 469.27 709.25 Td (of ) Tj ET Q q 0 0 0 rg BT 481.02 709.25 Td (ethics, ) Tj ET Q q 0 0 0 rg BT 510.26 709.25 Td (integrity ) Tj ET Q q 0 0 0 rg BT 547.57 709.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (professionalism, ) Tj ET Q q 0 0 0 rg BT 117.96 697.25 Td (independence, ) Tj ET Q q 0 0 0 rg BT 177.57 697.25 Td (sound ) Tj ET Q q 0 0 0 rg BT 203.60 697.25 Td (judgment, ) Tj ET Q q 0 0 0 rg BT 246.01 697.25 Td (community ) Tj ET Q q 0 0 0 rg BT 293.70 697.25 Td (leadership ) Tj ET Q q 0 0 0 rg BT 336.93 697.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.51 697.25 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 401.19 697.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 446.63 697.25 Td (in ) Tj ET Q q 0 0 0 rg BT 456.54 697.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 495.07 697.25 Td (law ) Tj ET Q q 0 0 0 rg BT 511.65 697.25 Td (or ) Tj ET Q q 0 0 0 rg BT 522.12 697.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 553.68 697.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (other ) Tj ET Q q 0 0 0 rg BT 75.16 685.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 125.31 685.25 Td (endeavor) Tj ET Q q 0 0 0 rg BT 161.40 685.25 Td (. ) Tj ET Q q 0 0 0 rg BT 168.51 685.25 Td (In ) Tj ET Q q 0 0 0 rg BT 181.46 685.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 221.34 685.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.17 685.25 Td (candidates ) Tj ET Q q 0 0 0 rg BT 284.99 685.25 Td (must ) Tj ET Q q 0 0 0 rg BT 309.05 685.25 Td (be ) Tj ET Q q 0 0 0 rg BT 323.10 685.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 370.48 685.25 Td (to ) Tj ET Q q 0 0 0 rg BT 382.88 685.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 436.91 685.25 Td (the ) Tj ET Q q 0 0 0 rg BT 453.74 685.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 497.79 685.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 535.73 685.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.67 685.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (stockholders. ) Tj ET Q q 0 0 0 rg BT 105.30 673.25 Td (In ) Tj ET Q q 0 0 0 rg BT 115.88 673.25 Td (addition ) Tj ET Q q 0 0 0 rg BT 150.90 673.25 Td (to ) Tj ET Q q 0 0 0 rg BT 160.93 673.25 Td (these ) Tj ET Q q 0 0 0 rg BT 183.73 673.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 224.87 673.25 Td (qualifications, ) Tj ET Q q 0 0 0 rg BT 284.05 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.52 673.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 345.21 673.25 Td (also ) Tj ET Q q 0 0 0 rg BT 363.57 673.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 403.59 673.25 Td (other ) Tj ET Q q 0 0 0 rg BT 426.39 673.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 455.84 673.25 Td (it ) Tj ET Q q 0 0 0 rg BT 463.65 673.25 Td (deems ) Tj ET Q q 0 0 0 rg BT 491.45 673.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 539.23 673.25 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.53 661.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.28 661.25 Td (current ) Tj ET Q q 0 0 0 rg BT 108.12 661.25 Td (needs ) Tj ET Q q 0 0 0 rg BT 133.42 661.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.28 661.25 Td (the ) Tj ET Q q 0 0 0 rg BT 159.02 661.25 Td (Board, ) Tj ET Q q 0 0 0 rg BT 188.49 661.25 Td (including ) Tj ET Q q 0 0 0 rg BT 228.79 661.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 262.42 661.25 Td (business ) Tj ET Q q 0 0 0 rg BT 298.84 661.25 Td (and ) Tj ET Q q 0 0 0 rg BT 315.81 661.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 353.32 661.25 Td (expertise ) Tj ET Q q 0 0 0 rg BT 391.94 661.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 430.56 661.25 Td (desired ) Tj ET Q q 0 0 0 rg BT 461.97 661.25 Td (on ) Tj ET Q q 0 0 0 rg BT 474.50 661.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.24 661.25 Td (Board, ) Tj ET Q q 0 0 0 rg BT 518.71 661.25 Td (experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.62 649.25 Td (a ) Tj ET Q q 0 0 0 rg BT 67.35 649.25 Td (director ) Tj ET Q q 0 0 0 rg BT 100.73 649.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.35 649.25 Td (a ) Tj ET Q q 0 0 0 rg BT 118.08 649.25 Td (public ) Tj ET Q q 0 0 0 rg BT 145.37 649.25 Td (company ) Tj ET Q q 0 0 0 rg BT 184.31 649.25 Td (and ) Tj ET Q q 0 0 0 rg BT 201.04 649.25 Td (diversity) Tj ET Q q 0 0 0 rg BT 235.39 649.25 Td (. ) Tj ET Q q 0 0 0 rg BT 240.01 649.25 Td (The ) Tj ET Q q 0 0 0 rg BT 257.85 649.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 304.58 649.25 Td (does ) Tj ET Q q 0 0 0 rg BT 325.20 649.25 Td (not ) Tj ET Q q 0 0 0 rg BT 340.26 649.25 Td (have ) Tj ET Q q 0 0 0 rg BT 361.43 649.25 Td (any ) Tj ET Q q 0 0 0 rg BT 378.16 649.25 Td (formal ) Tj ET Q q 0 0 0 rg BT 407.10 649.25 Td (diversity ) Tj ET Q q 0 0 0 rg BT 444.39 649.25 Td (policy) Tj ET Q q 0 0 0 rg BT 468.74 649.25 Td (. ) Tj ET Q q 0 0 0 rg BT 473.36 649.25 Td (W) Tj ET Q q 0 0 0 rg BT 482.40 649.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 495.25 649.25 Td (these ) Tj ET Q q 0 0 0 rg BT 518.08 649.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 547.58 649.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 109.84 637.25 Td (in ) Tj ET Q q 0 0 0 rg BT 120.27 637.25 Td (mind, ) Tj ET Q q 0 0 0 rg BT 145.97 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.84 637.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 207.93 637.25 Td (will ) Tj ET Q q 0 0 0 rg BT 226.14 637.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 265.99 637.25 Td (begin ) Tj ET Q q 0 0 0 rg BT 290.86 637.25 Td (its ) Tj ET Q q 0 0 0 rg BT 302.96 637.25 Td (search ) Tj ET Q q 0 0 0 rg BT 331.14 637.25 Td (by ) Tj ET Q q 0 0 0 rg BT 343.79 637.25 Td (discussing ) Tj ET Q q 0 0 0 rg BT 388.11 637.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 425.75 637.25 Td (candidates ) Tj ET Q q 0 0 0 rg BT 470.61 637.25 Td (with ) Tj ET Q q 0 0 0 rg BT 491.04 637.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 525.35 637.25 Td (members ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.58 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.05 625.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 104.74 625.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.43 625.25 Td (management. ) Tj ET Q q 0 0 0 rg BT 179.04 625.25 Td (The ) Tj ET Q q 0 0 0 rg BT 197.84 625.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 245.53 625.25 Td (will ) Tj ET Q q 0 0 0 rg BT 264.34 625.25 Td (also ) Tj ET Q q 0 0 0 rg BT 283.70 625.25 Td (reassess ) Tj ET Q q 0 0 0 rg BT 319.16 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 334.63 625.25 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 392.31 625.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.89 625.25 Td (a ) Tj ET Q q 0 0 0 rg BT 411.58 625.25 Td (director) Tj ET Q q 0 0 0 rg BT 442.27 625.25 Td (, ) Tj ET Q q 0 0 0 rg BT 448.03 625.25 Td (including ) Tj ET Q q 0 0 0 rg BT 489.05 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.52 625.25 Td (director) Tj ET Q q 0 0 0 rg BT 535.99 625.25 Td () Tj ET Q q 0 0 0 rg BT 538.76 625.25 Td (s ) Tj ET Q q 0 0 0 rg BT 545.91 625.25 Td (past ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 104.30 613.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.60 613.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.35 613.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 153.31 613.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.27 613.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.02 613.25 Td (director) Tj ET Q q 0 0 0 rg BT 214.48 613.25 Td () Tj ET Q q 0 0 0 rg BT 217.26 613.25 Td (s ) Tj ET Q q 0 0 0 rg BT 222.68 613.25 Td (attendance ) Tj ET Q q 0 0 0 rg BT 266.95 613.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.92 613.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 337.22 613.25 Td (at ) Tj ET Q q 0 0 0 rg BT 345.96 613.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 371.92 613.25 Td (and ) Tj ET Q q 0 0 0 rg BT 387.89 613.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 431.62 613.25 Td (meetings, ) Tj ET Q q 0 0 0 rg BT 471.75 613.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 492.71 613.25 Td (to ) Tj ET Q q 0 0 0 rg BT 502.02 613.25 Td (recommending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 601.25 Td (director ) Tj ET Q q 0 0 0 rg BT 90.53 601.25 Td (for ) Tj ET Q q 0 0 0 rg BT 104.69 601.25 Td (reelection ) Tj ET Q q 0 0 0 rg BT 146.61 601.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.89 601.25 Td (another ) Tj ET Q q 0 0 0 rg BT 189.38 601.25 Td (term. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 580.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 80.60 580.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 106.58 580.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.45 580.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 155.21 580.25 Td (has ) Tj ET Q q 0 0 0 rg BT 170.08 580.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 203.28 580.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 248.69 580.25 Td (by ) Tj ET Q q 0 0 0 rg BT 260.24 580.25 Td (which ) Tj ET Q q 0 0 0 rg BT 286.22 580.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 338.31 580.25 Td (may ) Tj ET Q q 0 0 0 rg BT 357.07 580.25 Td (recommend ) Tj ET Q q 0 0 0 rg BT 405.82 580.25 Td (nominees ) Tj ET Q q 0 0 0 rg BT 445.69 580.25 Td (to ) Tj ET Q q 0 0 0 rg BT 455.01 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.77 580.25 Td (Board. ) Tj ET Q q 0 0 0 rg BT 497.14 580.25 Td (The ) Tj ET Q q 0 0 0 rg BT 514.23 580.25 Td (Nominating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.29 568.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 116.45 568.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 162.73 568.25 Td (will ) Tj ET Q q 0 0 0 rg BT 180.14 568.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 215.87 568.25 Td (any ) Tj ET Q q 0 0 0 rg BT 232.16 568.25 Td (director ) Tj ET Q q 0 0 0 rg BT 265.10 568.25 Td (candidate ) Tj ET Q q 0 0 0 rg BT 305.26 568.25 Td (recommended ) Tj ET Q q 0 0 0 rg BT 363.75 568.25 Td (by ) Tj ET Q q 0 0 0 rg BT 375.61 568.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 428.00 568.25 Td (in ) Tj ET Q q 0 0 0 rg BT 437.63 568.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 484.44 568.25 Td (with ) Tj ET Q q 0 0 0 rg BT 504.07 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.14 568.25 Td (procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (set ) Tj ET Q q 0 0 0 rg BT 63.26 556.25 Td (out ) Tj ET Q q 0 0 0 rg BT 78.19 556.25 Td (in ) Tj ET Q q 0 0 0 rg BT 88.12 556.25 Td (our ) Tj ET Q q 0 0 0 rg BT 103.60 556.25 Td (bylaws ) Tj ET Q q 0 0 0 rg BT 134.09 556.25 Td (and ) Tj ET Q q 0 0 0 rg BT 150.68 556.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 193.92 556.25 Td (law ) Tj ET Q q 0 0 0 rg BT 210.51 556.25 Td (on ) Tj ET Q q 0 0 0 rg BT 222.66 556.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.03 556.25 Td (same ) Tj ET Q q 0 0 0 rg BT 259.73 556.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 281.88 556.25 Td (as ) Tj ET Q q 0 0 0 rg BT 292.37 556.25 Td (it ) Tj ET Q q 0 0 0 rg BT 300.07 556.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 340.00 556.25 Td (other ) Tj ET Q q 0 0 0 rg BT 362.69 556.25 Td (director ) Tj ET Q q 0 0 0 rg BT 395.94 556.25 Td (candidates. ) Tj ET Q q 0 0 0 rg BT 442.79 556.25 Td (Stockholders ) Tj ET Q q 0 0 0 rg BT 497.16 556.25 Td (may ) Tj ET Q q 0 0 0 rg BT 516.53 556.25 Td (also ) Tj ET Q q 0 0 0 rg BT 534.79 556.25 Td (submit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.83 544.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 79.77 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 96.60 544.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 131.20 544.25 Td (information ) Tj ET Q q 0 0 0 rg BT 180.80 544.25 Td (about ) Tj ET Q q 0 0 0 rg BT 205.41 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.02 544.25 Td (candidate ) Tj ET Q q 0 0 0 rg BT 260.73 544.25 Td (to ) Tj ET Q q 0 0 0 rg BT 270.90 544.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.51 544.25 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 325.66 544.25 Td (at ) Tj ET Q q 0 0 0 rg BT 335.27 544.25 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 385.71 544.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 404.77 544.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 424.93 544.25 Td (300 ) Tj ET Q q 0 0 0 rg BT 442.33 544.25 Td (Park ) Tj ET Q q 0 0 0 rg BT 462.52 544.25 Td (A) Tj ET Q q 0 0 0 rg BT 469.00 544.25 Td (venue, ) Tj ET Q q 0 0 0 rg BT 497.77 544.25 Td (New ) Tj ET Q q 0 0 0 rg BT 518.69 544.25 Td (Y) Tj ET Q q 0 0 0 rg BT 524.92 544.25 Td (ork, ) Tj ET Q q 0 0 0 rg BT 543.14 544.25 Td (New ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.25 Td (Y) Tj ET Q q 0 0 0 rg BT 56.22 532.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 72.05 532.25 Td (10022. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 508.25 Td (Board Leadership Structur) Tj ET Q q 0 0 0 rg BT 166.49 508.25 Td (e and Role in Risk Oversight ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 487.25 Td (The ) Tj ET Q q 0 0 0 rg BT 81.07 487.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 122.53 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.88 487.25 Td (our ) Tj ET Q q 0 0 0 rg BT 148.24 487.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 174.70 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.05 487.25 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 226.78 487.25 Td (Robert ) Tj ET Q q 0 0 0 rg BT 256.02 487.25 Td (F) Tj ET Q q 0 0 0 rg BT 260.79 487.25 Td (. ) Tj ET Q q 0 0 0 rg BT 265.31 487.25 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 307.60 487.25 Td (is ) Tj ET Q q 0 0 0 rg BT 316.29 487.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.53 487.25 Td (founder ) Tj ET Q q 0 0 0 rg BT 363.65 487.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.01 487.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 413.80 487.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.26 487.25 Td (has ) Tj ET Q q 0 0 0 rg BT 445.61 487.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 489.85 487.25 Td (served ) Tj ET Q q 0 0 0 rg BT 517.98 487.25 Td (as ) Tj ET Q q 0 0 0 rg BT 528.33 487.25 Td (its ) Tj ET Q q 0 0 0 rg BT 539.80 487.25 Td (Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 91.87 475.25 Td (Of) Tj ET Q q 0 0 0 rg BT 102.24 475.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 120.01 475.25 Td (. ) Tj ET Q q 0 0 0 rg BT 124.40 475.25 Td (In ) Tj ET Q q 0 0 0 rg BT 134.62 475.25 Td (2007, ) Tj ET Q q 0 0 0 rg BT 159.01 475.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 170.68 475.25 Td (.Greenhill ) Tj ET Q q 0 0 0 rg BT 215.33 475.25 Td (relinquished ) Tj ET Q q 0 0 0 rg BT 266.66 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.77 475.25 Td (position ) Tj ET Q q 0 0 0 rg BT 314.88 475.25 Td (as ) Tj ET Q q 0 0 0 rg BT 325.11 475.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 349.21 475.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 391.09 475.25 Td (Of) Tj ET Q q 0 0 0 rg BT 401.46 475.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 419.22 475.25 Td (. ) Tj ET Q q 0 0 0 rg BT 423.19 475.25 Td (At ) Tj ET Q q 0 0 0 rg BT 435.08 475.25 Td (that ) Tj ET Q q 0 0 0 rg BT 451.97 475.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 474.14 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.24 475.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 514.57 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 524.79 475.25 Td (Directors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.69 463.25 Td (that ) Tj ET Q q 0 0 0 rg BT 115.39 463.25 Td (it ) Tj ET Q q 0 0 0 rg BT 123.65 463.25 Td (was ) Tj ET Q q 0 0 0 rg BT 141.91 463.25 Td (in ) Tj ET Q q 0 0 0 rg BT 152.40 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.32 463.25 Td (best ) Tj ET Q q 0 0 0 rg BT 186.14 463.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 222.17 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 233.21 463.25 Td (our ) Tj ET Q q 0 0 0 rg BT 249.25 463.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 302.50 463.25 Td (for ) Tj ET Q q 0 0 0 rg BT 316.87 463.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 328.54 463.25 Td (.Greenhill ) Tj ET Q q 0 0 0 rg BT 374.01 463.25 Td (to ) Tj ET Q q 0 0 0 rg BT 384.50 463.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 421.64 463.25 Td (to ) Tj ET Q q 0 0 0 rg BT 432.12 463.25 Td (serve ) Tj ET Q q 0 0 0 rg BT 455.93 463.25 Td (as ) Tj ET Q q 0 0 0 rg BT 466.97 463.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 509.11 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.15 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 535.07 463.25 Td (Board, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.25 Td (given ) Tj ET Q q 0 0 0 rg BT 74.44 451.25 Td (the ) Tj ET Q q 0 0 0 rg BT 88.88 451.25 Td (depth ) Tj ET Q q 0 0 0 rg BT 113.32 451.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.87 451.25 Td (his ) Tj ET Q q 0 0 0 rg BT 137.77 451.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 183.29 451.25 Td (with ) Tj ET Q q 0 0 0 rg BT 203.29 451.25 Td (our ) Tj ET Q q 0 0 0 rg BT 218.84 451.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 238.28 451.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.95 451.25 Td (our ) Tj ET Q q 0 0 0 rg BT 270.50 451.25 Td (industry) Tj ET Q q 0 0 0 rg BT 302.63 451.25 Td (. ) Tj ET Q q 0 0 0 rg BT 307.35 451.25 Td (In ) Tj ET Q q 0 0 0 rg BT 317.90 451.25 Td (January ) Tj ET Q q 0 0 0 rg BT 351.23 451.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 375.95 451.25 Td (our ) Tj ET Q q 0 0 0 rg BT 391.50 451.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 418.16 451.25 Td (of ) Tj ET Q q 0 0 0 rg BT 428.72 451.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 468.15 451.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 506.46 451.25 Td (our ) Tj ET Q q 0 0 0 rg BT 522.02 451.25 Td (Corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 101.04 439.25 Td (Guidelines ) Tj ET Q q 0 0 0 rg BT 147.11 439.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.62 439.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 190.91 439.25 Td (for ) Tj ET Q q 0 0 0 rg BT 205.31 439.25 Td (a ) Tj ET Q q 0 0 0 rg BT 212.48 439.25 Td (Lead ) Tj ET Q q 0 0 0 rg BT 239.65 439.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 291.81 439.25 Td (Director ) Tj ET Q q 0 0 0 rg BT 332.30 439.25 Td (and ) Tj ET Q q 0 0 0 rg BT 349.48 439.25 Td (appointed ) Tj ET Q q 0 0 0 rg BT 391.65 439.25 Td (Steven ) Tj ET Q q 0 0 0 rg BT 421.60 439.25 Td (F) Tj ET Q q 0 0 0 rg BT 426.37 439.25 Td (. ) Tj ET Q q 0 0 0 rg BT 431.60 439.25 Td (Goldstone ) Tj ET Q q 0 0 0 rg BT 475.45 439.25 Td (to ) Tj ET Q q 0 0 0 rg BT 485.97 439.25 Td (this ) Tj ET Q q 0 0 0 rg BT 503.15 439.25 Td (role. ) Tj ET Q q 0 0 0 rg BT 523.74 439.25 Td (The ) Tj ET Q q 0 0 0 rg BT 542.03 439.25 Td (Lead ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.25 Td (Independent ) Tj ET Q q 0 0 0 rg BT 101.92 427.25 Td (Director's ) Tj ET Q q 0 0 0 rg BT 143.43 427.25 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 206.48 427.25 Td (include: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 406.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 82.16 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 406.25 Td (Chair ) Tj ET Q q 0 0 0 rg BT 110.65 406.25 Td (any ) Tj ET Q q 0 0 0 rg BT 127.53 406.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 162.17 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 172.94 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.59 406.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 214.47 406.25 Td (at ) Tj ET Q q 0 0 0 rg BT 224.12 406.25 Td (which ) Tj ET Q q 0 0 0 rg BT 250.99 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.64 406.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 307.51 406.25 Td (is ) Tj ET Q q 0 0 0 rg BT 316.62 406.25 Td (not ) Tj ET Q q 0 0 0 rg BT 331.83 406.25 Td (present, ) Tj ET Q q 0 0 0 rg BT 365.65 406.25 Td (including ) Tj ET Q q 0 0 0 rg BT 405.85 406.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 446.60 406.25 Td (sessions ) Tj ET Q q 0 0 0 rg BT 481.82 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 492.58 406.25 Td (non-management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 394.25 Td (or ) Tj ET Q q 0 0 0 rg BT 96.83 394.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 148.20 394.25 Td (directors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 370.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 82.16 370.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 370.25 Td (Have ) Tj ET Q q 0 0 0 rg BT 109.60 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.32 370.25 Td (authority ) Tj ET Q q 0 0 0 rg BT 162.92 370.25 Td (to ) Tj ET Q q 0 0 0 rg BT 173.20 370.25 Td (call ) Tj ET Q q 0 0 0 rg BT 190.13 370.25 Td (meetings ) Tj ET Q q 0 0 0 rg BT 228.73 370.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.56 370.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.28 370.25 Td (non-management ) Tj ET Q q 0 0 0 rg BT 326.20 370.25 Td (or ) Tj ET Q q 0 0 0 rg BT 337.03 370.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 388.40 370.25 Td (directors;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 346.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 82.16 346.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 346.25 Td (Meet ) Tj ET Q q 0 0 0 rg BT 109.03 346.25 Td (with ) Tj ET Q q 0 0 0 rg BT 129.30 346.25 Td (any ) Tj ET Q q 0 0 0 rg BT 146.23 346.25 Td (director ) Tj ET Q q 0 0 0 rg BT 179.81 346.25 Td (who ) Tj ET Q q 0 0 0 rg BT 199.52 346.25 Td (is ) Tj ET Q q 0 0 0 rg BT 208.68 346.25 Td (not ) Tj ET Q q 0 0 0 rg BT 223.94 346.25 Td (adequately ) Tj ET Q q 0 0 0 rg BT 269.74 346.25 Td (performing ) Tj ET Q q 0 0 0 rg BT 317.21 346.25 Td (his ) Tj ET Q q 0 0 0 rg BT 331.37 346.25 Td (or ) Tj ET Q q 0 0 0 rg BT 342.19 346.25 Td (her ) Tj ET Q q 0 0 0 rg BT 357.45 346.25 Td (duties ) Tj ET Q q 0 0 0 rg BT 383.82 346.25 Td (as ) Tj ET Q q 0 0 0 rg BT 394.64 346.25 Td (a ) Tj ET Q q 0 0 0 rg BT 401.56 346.25 Td (member ) Tj ET Q q 0 0 0 rg BT 436.82 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.63 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 462.34 346.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 489.26 346.25 Td (or ) Tj ET Q q 0 0 0 rg BT 500.08 346.25 Td (any ) Tj ET Q q 0 0 0 rg BT 517.01 346.25 Td (committee;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 322.25 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 82.16 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 322.25 Td (Facilitate ) Tj ET Q q 0 0 0 rg BT 124.75 322.25 Td (communications ) Tj ET Q q 0 0 0 rg BT 192.38 322.25 Td (between ) Tj ET Q q 0 0 0 rg BT 227.24 322.25 Td (other ) Tj ET Q q 0 0 0 rg BT 249.33 322.25 Td (members ) Tj ET Q q 0 0 0 rg BT 287.52 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 297.39 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 311.15 322.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 337.13 322.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.10 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.86 322.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 407.83 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.70 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 431.46 322.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 457.44 322.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 484.52 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 498.28 322.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 522.04 322.25 Td (Executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 310.25 Td (Of) Tj ET Q q 0 0 0 rg BT 96.37 310.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 117.15 310.25 Td (by ) Tj ET Q q 0 0 0 rg BT 129.60 310.25 Td (serving ) Tj ET Q q 0 0 0 rg BT 161.50 310.25 Td (as ) Tj ET Q q 0 0 0 rg BT 172.29 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 186.96 310.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 224.96 310.25 Td (liaison; ) Tj ET Q q 0 0 0 rg BT 256.87 310.25 Td (however) Tj ET Q q 0 0 0 rg BT 290.90 310.25 Td (, ) Tj ET Q q 0 0 0 rg BT 295.85 310.25 Td (each ) Tj ET Q q 0 0 0 rg BT 316.63 310.25 Td (director ) Tj ET Q q 0 0 0 rg BT 350.18 310.25 Td (is ) Tj ET Q q 0 0 0 rg BT 359.31 310.25 Td (free ) Tj ET Q q 0 0 0 rg BT 377.30 310.25 Td (to ) Tj ET Q q 0 0 0 rg BT 387.54 310.25 Td (communicate ) Tj ET Q q 0 0 0 rg BT 443.87 310.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 476.87 310.25 Td (with ) Tj ET Q q 0 0 0 rg BT 497.10 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.78 310.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 553.67 310.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 298.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 127.66 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.59 298.25 Td (with ) Tj ET Q q 0 0 0 rg BT 164.87 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.59 298.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 204.31 298.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 246.79 298.25 Td (Of) Tj ET Q q 0 0 0 rg BT 257.16 298.25 Td (ficer;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 274.25 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 82.16 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 274.25 Td (Monitor) Tj ET Q q 0 0 0 rg BT 118.38 274.25 Td (, ) Tj ET Q q 0 0 0 rg BT 122.99 274.25 Td (with ) Tj ET Q q 0 0 0 rg BT 142.87 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.20 274.25 Td (assistance ) Tj ET Q q 0 0 0 rg BT 199.29 274.25 Td (of ) Tj ET Q q 0 0 0 rg BT 209.73 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.06 274.25 Td (Company) Tj ET Q q 0 0 0 rg BT 265.72 274.25 Td (s ) Tj ET Q q 0 0 0 rg BT 271.72 274.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 296.05 274.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 338.13 274.25 Td (Of) Tj ET Q q 0 0 0 rg BT 348.51 274.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 366.42 274.25 Td (, ) Tj ET Q q 0 0 0 rg BT 371.03 274.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 395.35 274.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 434.67 274.25 Td (Of) Tj ET Q q 0 0 0 rg BT 445.05 274.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 465.47 274.25 Td (and ) Tj ET Q q 0 0 0 rg BT 482.02 274.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 506.34 274.25 Td (Legal ) Tj ET Q q 0 0 0 rg BT 531.21 274.25 Td (Of) Tj ET Q q 0 0 0 rg BT 541.58 274.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 559.50 274.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 262.25 Td (communications ) Tj ET Q q 0 0 0 rg BT 154.27 262.25 Td (from ) Tj ET Q q 0 0 0 rg BT 175.88 262.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 228.60 262.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.21 262.25 Td (other ) Tj ET Q q 0 0 0 rg BT 267.93 262.25 Td (interested ) Tj ET Q q 0 0 0 rg BT 308.97 262.25 Td (parties, ) Tj ET Q q 0 0 0 rg BT 340.30 262.25 Td (report ) Tj ET Q q 0 0 0 rg BT 366.35 262.25 Td (on ) Tj ET Q q 0 0 0 rg BT 378.52 262.25 Td (such ) Tj ET Q q 0 0 0 rg BT 399.02 262.25 Td (communications ) Tj ET Q q 0 0 0 rg BT 467.29 262.25 Td ( ) Tj ET Q q 0 0 0 rg BT 469.46 262.25 Td (to ) Tj ET Q q 0 0 0 rg BT 479.42 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.80 262.25 Td (other ) Tj ET Q q 0 0 0 rg BT 516.52 262.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 553.68 262.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 250.25 Td (he ) Tj ET Q q 0 0 0 rg BT 98.72 250.25 Td (or ) Tj ET Q q 0 0 0 rg BT 110.33 250.25 Td (she ) Tj ET Q q 0 0 0 rg BT 126.94 250.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 167.99 250.25 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 219.31 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 237.03 250.25 Td (be ) Tj ET Q q 0 0 0 rg BT 249.75 250.25 Td (available, ) Tj ET Q q 0 0 0 rg BT 291.62 250.25 Td (when ) Tj ET Q q 0 0 0 rg BT 316.56 250.25 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 367.87 250.25 Td (for ) Tj ET Q q 0 0 0 rg BT 382.81 250.25 Td (consultation ) Tj ET Q q 0 0 0 rg BT 434.97 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.69 250.25 Td (direct ) Tj ET Q q 0 0 0 rg BT 478.74 250.25 Td (communication ) Tj ET Q q 0 0 0 rg BT 544.23 250.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 238.25 Td (stockholders;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 214.25 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 82.16 214.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 214.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 214.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 110.13 214.25 Td (with ) Tj ET Q q 0 0 0 rg BT 130.06 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.43 214.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 186.03 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.51 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 210.89 214.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 237.48 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.08 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 268.45 214.25 Td (CEO ) Tj ET Q q 0 0 0 rg BT 290.61 214.25 Td (in ) Tj ET Q q 0 0 0 rg BT 300.54 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.92 214.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 362.61 214.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.10 214.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.47 214.25 Td (agenda ) Tj ET Q q 0 0 0 rg BT 417.94 214.25 Td (for ) Tj ET Q q 0 0 0 rg BT 431.76 214.25 Td (each ) Tj ET Q q 0 0 0 rg BT 452.23 214.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 478.83 214.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 513.20 214.25 Td (and ) Tj ET Q q 0 0 0 rg BT 529.79 214.25 Td (approve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.72 202.25 Td (agendas ) Tj ET Q q 0 0 0 rg BT 135.42 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 145.70 202.25 Td (be ) Tj ET Q q 0 0 0 rg BT 157.64 202.25 Td (sent ) Tj ET Q q 0 0 0 rg BT 176.25 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.53 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.24 202.25 Td (Board; ) Tj ET Q q 0 0 0 rg BT 230.96 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.90 202.25 Td (be ) Tj ET Q q 0 0 0 rg BT 259.84 202.25 Td (available ) Tj ET Q q 0 0 0 rg BT 298.43 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.71 202.25 Td (review ) Tj ET Q q 0 0 0 rg BT 338.41 202.25 Td (information ) Tj ET Q q 0 0 0 rg BT 388.12 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 398.40 202.25 Td (be ) Tj ET Q q 0 0 0 rg BT 410.34 202.25 Td (sent ) Tj ET Q q 0 0 0 rg BT 428.95 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 439.23 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 453.94 202.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 480.88 202.25 Td (when ) Tj ET Q q 0 0 0 rg BT 505.04 202.25 Td (appropriate;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 178.25 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 82.16 178.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 178.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 178.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 109.97 178.25 Td (with ) Tj ET Q q 0 0 0 rg BT 129.75 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.97 178.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 185.40 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.73 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.95 178.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 236.39 178.25 Td (in ) Tj ET Q q 0 0 0 rg BT 246.17 178.25 Td (determining ) Tj ET Q q 0 0 0 rg BT 296.49 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.71 178.25 Td (need ) Tj ET Q q 0 0 0 rg BT 331.58 178.25 Td (for ) Tj ET Q q 0 0 0 rg BT 345.25 178.25 Td (special ) Tj ET Q q 0 0 0 rg BT 375.01 178.25 Td (meetings ) Tj ET Q q 0 0 0 rg BT 413.12 178.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.45 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.66 178.25 Td (Board, ) Tj ET Q q 0 0 0 rg BT 466.60 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.04 178.25 Td (approve ) Tj ET Q q 0 0 0 rg BT 517.25 178.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.47 178.25 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.34 166.25 Td (frequency ) Tj ET Q q 0 0 0 rg BT 146.22 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.46 166.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 184.80 166.25 Td (meetings ) Tj ET Q q 0 0 0 rg BT 223.81 166.25 Td (and ) Tj ET Q q 0 0 0 rg BT 241.15 166.25 Td (meeting ) Tj ET Q q 0 0 0 rg BT 276.27 166.25 Td (schedules, ) Tj ET Q q 0 0 0 rg BT 320.55 166.25 Td (assuring ) Tj ET Q q 0 0 0 rg BT 356.78 166.25 Td (there ) Tj ET Q q 0 0 0 rg BT 379.67 166.25 Td (is ) Tj ET Q q 0 0 0 rg BT 389.25 166.25 Td (suf) Tj ET Q q 0 0 0 rg BT 401.29 166.25 Td (ficient ) Tj ET Q q 0 0 0 rg BT 429.73 166.25 Td (time ) Tj ET Q q 0 0 0 rg BT 450.41 166.25 Td (for ) Tj ET Q q 0 0 0 rg BT 464.98 166.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 509.55 166.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.78 166.25 Td (all ) Tj ET Q q 0 0 0 rg BT 533.68 166.25 Td (agenda ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 154.25 Td (items; ) Tj ET Q q 0 0 0 rg BT 112.94 154.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 130.25 Td (\(8\) ) Tj ET Q q 0 0 0 rg BT 82.16 130.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 130.25 Td (Otherwise ) Tj ET Q q 0 0 0 rg BT 129.89 130.25 Td (consult ) Tj ET Q q 0 0 0 rg BT 161.57 130.25 Td (with ) Tj ET Q q 0 0 0 rg BT 182.14 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.15 130.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 239.37 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 250.50 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.50 130.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 292.74 130.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 321.07 130.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.08 130.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 361.09 130.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 403.86 130.25 Td (Of) Tj ET Q q 0 0 0 rg BT 414.24 130.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 435.34 130.25 Td (on ) Tj ET Q q 0 0 0 rg BT 448.13 130.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 480.36 130.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 513.69 130.25 Td (to ) Tj ET Q q 0 0 0 rg BT 524.26 130.25 Td (corporate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 118.25 Td (governance ) Tj ET Q q 0 0 0 rg BT 134.58 118.25 Td (and ) Tj ET Q q 0 0 0 rg BT 151.52 118.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 178.46 118.25 Td (performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 97.25 Td ( ) Tj ET Q q 0 0 0 rg BT 65.45 97.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 82.95 97.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 109.33 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.61 97.25 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 161.26 97.25 Td (under ) Tj ET Q q 0 0 0 rg BT 185.98 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.14 97.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 238.18 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.46 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.63 97.25 Td (Nominating ) Tj ET Q q 0 0 0 rg BT 312.35 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 328.73 97.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 378.99 97.25 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 427.87 97.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 460.92 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.08 97.25 Td (structure ) Tj ET Q q 0 0 0 rg BT 512.01 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.29 97.25 Td (our ) Tj ET Q q 0 0 0 rg BT 537.57 97.25 Td (Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.31 85.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 99.50 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 115.92 85.25 Td (its ) Tj ET Q q 0 0 0 rg BT 127.35 85.25 Td (committees ) Tj ET Q q 0 0 0 rg BT 175.43 85.25 Td (each ) Tj ET Q q 0 0 0 rg BT 195.73 85.25 Td (year ) Tj ET Q q 0 0 0 rg BT 214.92 85.25 Td (as ) Tj ET Q q 0 0 0 rg BT 225.23 85.25 Td (a ) Tj ET Q q 0 0 0 rg BT 231.66 85.25 Td (part ) Tj ET Q q 0 0 0 rg BT 249.18 85.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.50 85.25 Td (its ) Tj ET Q q 0 0 0 rg BT 270.93 85.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 299.57 85.25 Td (self-evaluation ) Tj ET Q q 0 0 0 rg BT 360.97 85.25 Td (process, ) Tj ET Q q 0 0 0 rg BT 395.44 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.86 85.25 Td (in ) Tj ET Q q 0 0 0 rg BT 421.62 85.25 Td (that ) Tj ET Q q 0 0 0 rg BT 438.60 85.25 Td (context ) Tj ET Q q 0 0 0 rg BT 470.01 85.25 Td (considers, ) Tj ET Q q 0 0 0 rg BT 512.27 85.25 Td (among ) Tj ET Q q 0 0 0 rg BT 541.46 85.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 73.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 79.87 73.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 106.67 73.25 Td (of ) Tj ET Q q 0 0 0 rg BT 117.92 73.25 Td (structure ) Tj ET Q q 0 0 0 rg BT 155.83 73.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.18 73.25 Td (leadership, ) Tj ET Q q 0 0 0 rg BT 219.69 73.25 Td (including ) Tj ET Q q 0 0 0 rg BT 260.38 73.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 295.51 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 310.64 73.25 Td (of) Tj ET Q q 0 0 0 rg BT 318.79 73.25 Td (fices ) Tj ET Q q 0 0 0 rg BT 340.59 73.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.83 73.25 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 394.18 73.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.43 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.57 73.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 447.92 73.25 Td (and ) Tj ET Q q 0 0 0 rg BT 465.28 73.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 490.41 73.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 533.31 73.25 Td (Of) Tj ET Q q 0 0 0 rg BT 543.68 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337.07 236.10 Td (globally ) Tj ET Q q 0 0 0 rg BT 372.99 236.10 Td (integrated ) Tj ET Q q 0 0 0 rg BT 416.12 236.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 439.27 236.10 Td (from ) Tj ET Q q 0 0 0 rg BT 461.86 236.10 Td (our ) Tj ET Q q 0 0 0 rg BT 478.33 236.10 Td (of) Tj ET Q q 0 0 0 rg BT 486.48 236.10 Td (fices ) Tj ET Q q 0 0 0 rg BT 508.51 236.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.44 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.80 236.10 Td (United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 78.89 224.10 Td (United ) Tj ET Q q 0 0 0 rg BT 108.60 224.10 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 151.38 224.10 Td (Germany) Tj ET Q q 0 0 0 rg BT 187.94 224.10 Td (, ) Tj ET Q q 0 0 0 rg BT 192.94 224.10 Td (Sweden, ) Tj ET Q q 0 0 0 rg BT 229.05 224.10 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 270.70 224.10 Td (Japan, ) Tj ET Q q 0 0 0 rg BT 298.47 224.10 Td (Hong ) Tj ET Q q 0 0 0 rg BT 323.19 224.10 Td (Kong, ) Tj ET Q q 0 0 0 rg BT 350.42 224.10 Td (Singapore, ) Tj ET Q q 0 0 0 rg BT 395.96 224.10 Td (Canada ) Tj ET Q q 0 0 0 rg BT 428.45 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.39 224.10 Td (Brazil.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 203.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 103.13 203.10 Td (is ) Tj ET Q q 0 0 0 rg BT 111.66 203.10 Td (a ) Tj ET Q q 0 0 0 rg BT 117.96 203.10 Td (unique ) Tj ET Q q 0 0 0 rg BT 147.04 203.10 Td (global ) Tj ET Q q 0 0 0 rg BT 173.89 203.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 219.64 203.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 253.72 203.10 Td (firm, ) Tj ET Q q 0 0 0 rg BT 275.29 203.10 Td (not ) Tj ET Q q 0 0 0 rg BT 289.93 203.10 Td (only ) Tj ET Q q 0 0 0 rg BT 309.57 203.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.21 203.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 351.62 203.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.26 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.34 203.10 Td (lar) Tj ET Q q 0 0 0 rg BT 385.70 203.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 397.00 203.10 Td (integrated, ) Tj ET Q q 0 0 0 rg BT 441.35 203.10 Td (or ) Tj ET Q q 0 0 0 rg BT 451.54 203.10 Td ("bulge ) Tj ET Q q 0 0 0 rg BT 479.70 203.10 Td (bracket", ) Tj ET Q q 0 0 0 rg BT 517.57 203.10 Td (institutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.90 191.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 107.69 191.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.93 191.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 167.59 191.10 Td (lending, ) Tj ET Q q 0 0 0 rg BT 202.55 191.10 Td (underwriting, ) Tj ET Q q 0 0 0 rg BT 259.17 191.10 Td (research, ) Tj ET Q q 0 0 0 rg BT 297.45 191.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 319.35 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.25 191.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 367.05 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.95 191.10 Td (other ) Tj ET Q q 0 0 0 rg BT 406.96 191.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 454.15 191.10 Td (but ) Tj ET Q q 0 0 0 rg BT 469.39 191.10 Td (also ) Tj ET Q q 0 0 0 rg BT 487.97 191.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.21 191.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 531.22 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.46 191.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 179.10 Td (so ) Tj ET Q q 0 0 0 rg BT 62.75 179.10 Td (called ) Tj ET Q q 0 0 0 rg BT 90.48 179.10 Td ("independent" ) Tj ET Q q 0 0 0 rg BT 151.38 179.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 199.12 179.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 228.81 179.10 Td (many ) Tj ET Q q 0 0 0 rg BT 254.88 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.07 179.10 Td (which ) Tj ET Q q 0 0 0 rg BT 295.37 179.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 327.55 179.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.18 179.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 386.93 179.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 444.37 179.10 Td (research ) Tj ET Q q 0 0 0 rg BT 481.54 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 499.84 179.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 530.35 179.10 Td (markets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 167.10 Td (businesses, ) Tj ET Q q 0 0 0 rg BT 97.07 167.10 Td (all ) Tj ET Q q 0 0 0 rg BT 109.42 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.10 167.10 Td (which ) Tj ET Q q 0 0 0 rg BT 146.90 167.10 Td (can ) Tj ET Q q 0 0 0 rg BT 163.13 167.10 Td (create ) Tj ET Q q 0 0 0 rg BT 189.34 167.10 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 226.13 167.10 Td (with ) Tj ET Q q 0 0 0 rg BT 246.26 167.10 Td (clients' ) Tj ET Q q 0 0 0 rg BT 276.51 167.10 Td (interests. ) Tj ET Q q 0 0 0 rg BT 314.69 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 317.04 167.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 334.95 167.10 Td (business ) Tj ET Q q 0 0 0 rg BT 371.19 167.10 Td (strategy ) Tj ET Q q 0 0 0 rg BT 405.20 167.10 Td (is ) Tj ET Q q 0 0 0 rg BT 414.22 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.35 167.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 436.15 167.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 467.92 167.10 Td (as ) Tj ET Q q 0 0 0 rg BT 478.60 167.10 Td (a ) Tj ET Q q 0 0 0 rg BT 485.40 167.10 Td (pure ) Tj ET Q q 0 0 0 rg BT 505.52 167.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 542.31 167.10 Td (firm, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 155.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.77 155.10 Td (minimizes ) Tj ET Q q 0 0 0 rg BT 120.75 155.10 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 157.51 155.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.28 155.10 Td (emphasizes ) Tj ET Q q 0 0 0 rg BT 222.70 155.10 Td (our ) Tj ET Q q 0 0 0 rg BT 238.35 155.10 Td (focus ) Tj ET Q q 0 0 0 rg BT 262.34 155.10 Td (on ) Tj ET Q q 0 0 0 rg BT 274.67 155.10 Td (client ) Tj ET Q q 0 0 0 rg BT 299.21 155.10 Td (service, ) Tj ET Q q 0 0 0 rg BT 332.35 155.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 346.89 155.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 378.64 155.10 Td (globally) Tj ET Q q 0 0 0 rg BT 410.77 155.10 Td (, ) Tj ET Q q 0 0 0 rg BT 415.59 155.10 Td (with ) Tj ET Q q 0 0 0 rg BT 435.70 155.10 Td (a ) Tj ET Q q 0 0 0 rg BT 442.46 155.10 Td (presence ) Tj ET Q q 0 0 0 rg BT 479.77 155.10 Td (in ) Tj ET Q q 0 0 0 rg BT 489.87 155.10 Td (all ) Tj ET Q q 0 0 0 rg BT 502.19 155.10 Td (major ) Tj ET Q q 0 0 0 rg BT 527.84 155.10 Td (markets, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 66.85 143.10 Td (emphasize ) Tj ET Q q 0 0 0 rg BT 110.92 143.10 Td (lar) Tj ET Q q 0 0 0 rg BT 121.28 143.10 Td (ger ) Tj ET Q q 0 0 0 rg BT 135.91 143.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 188.03 143.10 Td (which ) Tj ET Q q 0 0 0 rg BT 214.33 143.10 Td (enhances ) Tj ET Q q 0 0 0 rg BT 252.84 143.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 266.90 143.10 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 324.04 143.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 340.33 143.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 376.63 143.10 Td (to ) Tj ET Q q 0 0 0 rg BT 386.26 143.10 Td (expand ) Tj ET Q q 0 0 0 rg BT 417.00 143.10 Td (our ) Tj ET Q q 0 0 0 rg BT 432.19 143.10 Td (business ) Tj ET Q q 0 0 0 rg BT 467.94 143.10 Td (or) Tj ET Q q 0 0 0 rg BT 476.09 143.10 Td (ganically ) Tj ET Q q 0 0 0 rg BT 514.60 143.10 Td (and ) Tj ET Q q 0 0 0 rg BT 530.90 143.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 86.37 131.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 136.65 131.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.58 131.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 167.74 131.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 205.23 131.10 Td (our ) Tj ET Q q 0 0 0 rg BT 221.06 131.10 Td (conservative ) Tj ET Q q 0 0 0 rg BT 274.10 131.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 307.70 131.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.53 131.10 Td (no ) Tj ET Q q 0 0 0 rg BT 331.03 131.10 Td (net ) Tj ET Q q 0 0 0 rg BT 345.75 131.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 365.46 131.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.40 131.10 Td (true ) Tj ET Q q 0 0 0 rg BT 400.45 131.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 427.30 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 429.80 131.10 Td (profitability) Tj ET Q q 0 0 0 rg BT 476.92 131.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 523 394.93339843750005 m 533 394.93339843750005 l s q 0 0 1 rg BT 523.00 396.27 Td (46) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 523 379.93339843750005 m 533 379.93339843750005 l s q 0 0 1 rg BT 523.00 381.27 Td (50) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 523 364.93339843750005 m 533 364.93339843750005 l s q 0 0 1 rg BT 523.00 366.27 Td (52) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 523 349.93339843750005 m 533 349.93339843750005 l s q 0 0 1 rg BT 523.00 351.27 Td (53) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 523 334.93339843750005 m 533 334.93339843750005 l s q 0 0 1 rg BT 523.00 336.27 Td (53) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 1 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 523 319.93339843750005 m 533 319.93339843750005 l s q 0 0 1 rg BT 523.00 321.27 Td (54) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL endstream endobj 95 0 obj <> endobj 96 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (47) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 742.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 86.37 742.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 144.75 742.25 Td (Highlights) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.21 742.25 Td (. ) Tj ET Q q 0 0 0 rg BT 194.58 742.25 Td ( ) Tj ET Q q 0 0 0 rg BT 197.45 742.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 215.86 742.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 238.73 742.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 276.58 742.25 Td (results ) Tj ET Q q 0 0 0 rg BT 305.55 742.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 333.95 742.25 Td (both ) Tj ET Q q 0 0 0 rg BT 354.59 742.25 Td (market ) Tj ET Q q 0 0 0 rg BT 385.22 742.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 429.75 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.06 742.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 477.13 742.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 511.09 742.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.74 742.25 Td (Greenhill. ) Tj ET Q q 0 0 0 rg BT 564.50 742.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.25 Td (While ) Tj ET Q q 0 0 0 rg BT 76.41 730.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 98.39 730.25 Td (results ) Tj ET Q q 0 0 0 rg BT 126.48 730.25 Td (were ) Tj ET Q q 0 0 0 rg BT 147.89 730.25 Td (below ) Tj ET Q q 0 0 0 rg BT 174.31 730.25 Td (our ) Tj ET Q q 0 0 0 rg BT 189.62 730.25 Td (desired ) Tj ET Q q 0 0 0 rg BT 220.48 730.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 245.78 730.25 Td (on ) Tj ET Q q 0 0 0 rg BT 257.76 730.25 Td (an ) Tj ET Q q 0 0 0 rg BT 269.18 730.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 298.92 730.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 323.40 730.25 Td (we ) Tj ET Q q 0 0 0 rg BT 337.04 730.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 367.90 730.25 Td (that ) Tj ET Q q 0 0 0 rg BT 384.87 730.25 Td (there ) Tj ET Q q 0 0 0 rg BT 406.84 730.25 Td (were ) Tj ET Q q 0 0 0 rg BT 428.24 730.25 Td (many ) Tj ET Q q 0 0 0 rg BT 452.44 730.25 Td (positive ) Tj ET Q q 0 0 0 rg BT 486.09 730.25 Td (aspects ) Tj ET Q q 0 0 0 rg BT 516.94 730.25 Td (to ) Tj ET Q q 0 0 0 rg BT 526.70 730.25 Td (our ) Tj ET Q q 0 0 0 rg BT 542.01 730.25 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 103.02 718.25 Td (and ) Tj ET Q q 0 0 0 rg BT 119.96 718.25 Td (that ) Tj ET Q q 0 0 0 rg BT 137.46 718.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.17 718.25 Td (strength ) Tj ET Q q 0 0 0 rg BT 186.89 718.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.72 718.25 Td (our ) Tj ET Q q 0 0 0 rg BT 213.55 718.25 Td (franchise ) Tj ET Q q 0 0 0 rg BT 252.70 718.25 Td (is ) Tj ET Q q 0 0 0 rg BT 261.87 718.25 Td (clear) Tj ET Q q 0 0 0 rg BT 280.74 718.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 694.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 694.25 Td (26% ) Tj ET Q q 0 0 0 rg BT 106.43 694.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 141.29 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 151.18 694.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 173.28 694.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 218.70 694.25 Td (deals, ) Tj ET Q q 0 0 0 rg BT 243.85 694.25 Td (81% ) Tj ET Q q 0 0 0 rg BT 264.29 694.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 299.14 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 309.03 694.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 331.13 694.25 Td (deal ) Tj ET Q q 0 0 0 rg BT 349.89 694.25 Td (volume) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 379.89 698.78 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.46 694.25 Td ( ) Tj ET Q q 0 0 0 rg BT 389.57 694.25 Td (and ) Tj ET Q q 0 0 0 rg BT 406.11 694.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 450.43 694.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 485.29 694.25 Td (in ) Tj ET Q q 0 0 0 rg BT 495.17 694.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 513.37 694.25 Td (from ) Tj ET Q q 0 0 0 rg BT 534.92 694.25 Td (top ) Tj ET Q q 0 0 0 rg BT 549.80 694.25 Td (ten ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 682.25 Td (announced ) Tj ET Q q 0 0 0 rg BT 131.82 682.25 Td (M&A) Tj ET Q q 0 0 0 rg BT 155.16 682.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.66 682.25 Td (deals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 658.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 658.25 Td (Solid ) Tj ET Q q 0 0 0 rg BT 109.62 658.25 Td (list ) Tj ET Q q 0 0 0 rg BT 124.34 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.17 658.25 Td (major ) Tj ET Q q 0 0 0 rg BT 161.00 658.25 Td (deal ) Tj ET Q q 0 0 0 rg BT 180.16 658.25 Td (announcements, ) Tj ET Q q 0 0 0 rg BT 247.36 658.25 Td (but ) Tj ET Q q 0 0 0 rg BT 262.64 658.25 Td (few ) Tj ET Q q 0 0 0 rg BT 280.13 658.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.96 658.25 Td (our ) Tj ET Q q 0 0 0 rg BT 306.79 658.25 Td (biggest ) Tj ET Q q 0 0 0 rg BT 338.17 658.25 Td (got ) Tj ET Q q 0 0 0 rg BT 353.45 658.25 Td (to ) Tj ET Q q 0 0 0 rg BT 363.73 658.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 411.22 658.25 Td (by ) Tj ET Q q 0 0 0 rg BT 423.72 658.25 Td (year) Tj ET Q q 0 0 0 rg BT 440.73 658.25 Td (-end, ) Tj ET Q q 0 0 0 rg BT 463.50 658.25 Td (impacting ) Tj ET Q q 0 0 0 rg BT 505.99 658.25 Td (total ) Tj ET Q q 0 0 0 rg BT 526.26 658.25 Td (revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 634.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.25 Td (Pre-tax ) Tj ET Q q 0 0 0 rg BT 117.38 634.25 Td (mar) Tj ET Q q 0 0 0 rg BT 132.74 634.25 Td (gin ) Tj ET Q q 0 0 0 rg BT 148.02 634.25 Td (impacted ) Tj ET Q q 0 0 0 rg BT 187.17 634.25 Td (by ) Tj ET Q q 0 0 0 rg BT 199.67 634.25 Td (some ) Tj ET Q q 0 0 0 rg BT 223.28 634.25 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 280.76 634.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 303.26 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.19 634.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 345.46 634.25 Td (revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 610.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 610.25 Td (Successful ) Tj ET Q q 0 0 0 rg BT 131.27 610.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 177.65 610.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.48 610.25 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 219.87 610.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 255.14 610.25 Td (\(secondary ) Tj ET Q q 0 0 0 rg BT 301.50 610.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 322.33 610.25 Td (placement\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 586.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 586.25 Td (5 ) Tj ET Q q 0 0 0 rg BT 93.50 586.25 Td (M&A) Tj ET Q q 0 0 0 rg BT 116.84 586.25 Td ( ) Tj ET Q q 0 0 0 rg BT 119.34 586.25 Td (MDs ) Tj ET Q q 0 0 0 rg BT 141.84 586.25 Td (recruited, ) Tj ET Q q 0 0 0 rg BT 182.38 586.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 201.55 586.25 Td (5 ) Tj ET Q q 0 0 0 rg BT 209.05 586.25 Td (promoted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 565.25 Td (W) Tj ET Q q 0 0 0 rg BT 72.14 565.25 Td (e ) Tj ET Q q 0 0 0 rg BT 78.56 565.25 Td (also ) Tj ET Q q 0 0 0 rg BT 96.66 565.25 Td (maintained ) Tj ET Q q 0 0 0 rg BT 143.08 565.25 Td (a ) Tj ET Q q 0 0 0 rg BT 149.50 565.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 194.26 565.25 Td (dividend, ) Tj ET Q q 0 0 0 rg BT 233.74 565.25 Td (along ) Tj ET Q q 0 0 0 rg BT 257.95 565.25 Td (with ) Tj ET Q q 0 0 0 rg BT 277.71 565.25 Td (a ) Tj ET Q q 0 0 0 rg BT 284.14 565.25 Td (strong ) Tj ET Q q 0 0 0 rg BT 311.13 565.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 343.65 565.25 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 368.68 565.25 Td ( ) Tj ET Q q 0 0 0 rg BT 370.67 565.25 Td ( ) Tj ET Q q 0 0 0 rg BT 372.51 565.25 Td (W) Tj ET Q q 0 0 0 rg BT 381.15 565.25 Td (e ) Tj ET Q q 0 0 0 rg BT 387.58 565.25 Td (started ) Tj ET Q q 0 0 0 rg BT 416.22 565.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 438.21 565.25 Td (with ) Tj ET Q q 0 0 0 rg BT 457.97 565.25 Td (a ) Tj ET Q q 0 0 0 rg BT 464.40 565.25 Td (bigger ) Tj ET Q q 0 0 0 rg BT 491.93 565.25 Td (backlog ) Tj ET Q q 0 0 0 rg BT 525.57 565.25 Td (and ) Tj ET Q q 0 0 0 rg BT 542.00 565.25 Td (good ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (deal ) Tj ET Q q 0 0 0 rg BT 69.16 553.25 Td (momentum, ) Tj ET Q q 0 0 0 rg BT 119.71 553.25 Td (and ) Tj ET Q q 0 0 0 rg BT 136.65 553.25 Td (we ) Tj ET Q q 0 0 0 rg BT 150.81 553.25 Td (expect ) Tj ET Q q 0 0 0 rg BT 179.40 553.25 Td (that ) Tj ET Q q 0 0 0 rg BT 196.89 553.25 Td (higher ) Tj ET Q q 0 0 0 rg BT 224.94 553.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 259.09 553.25 Td (should ) Tj ET Q q 0 0 0 rg BT 288.26 553.25 Td (drive ) Tj ET Q q 0 0 0 rg BT 311.30 553.25 Td (improved ) Tj ET Q q 0 0 0 rg BT 352.13 553.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 370.74 553.25 Td (ratios ) Tj ET Q q 0 0 0 rg BT 395.45 553.25 Td (and ) Tj ET Q q 0 0 0 rg BT 412.39 553.25 Td (profit ) Tj ET Q q 0 0 0 rg BT 437.11 553.25 Td (mar) Tj ET Q q 0 0 0 rg BT 452.48 553.25 Td (gin.) Tj ET Q /GS0 gs q 382.00 0 0 109.00 115.00 430.25 cm /I19 Do Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 409.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 108.13 409.25 Td (Pay ) Tj ET Q q 0 0 0 rg BT 127.22 409.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 137.59 409.25 Td (ogram ) Tj ET Q q 0 0 0 rg BT 168.33 409.25 Td (Updates ) Tj ET Q q 0 0 0 rg BT 206.32 409.25 Td (and ) Tj ET Q q 0 0 0 rg BT 225.42 409.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 248.40 409.25 Td (Say ) Tj ET Q q 0 0 0 rg BT 266.94 409.25 Td (on ) Tj ET Q q 0 0 0 rg BT 280.48 409.25 Td (Pay ) Tj ET Q q 0 0 0 rg BT 299.35 409.25 Td (V) Tj ET Q q 0 0 0 rg BT 305.65 409.25 Td (ote) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.42 409.25 Td (. ) Tj ET Q q 0 0 0 rg BT 323.90 409.25 Td ( ) Tj ET Q q 0 0 0 rg BT 326.22 409.25 Td (At ) Tj ET Q q 0 0 0 rg BT 339.20 409.25 Td (our ) Tj ET Q q 0 0 0 rg BT 355.51 409.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 377.83 409.25 Td (Annual ) Tj ET Q q 0 0 0 rg BT 410.25 409.25 Td (Stockholders ) Tj ET Q q 0 0 0 rg BT 465.44 409.25 Td (Meeting, ) Tj ET Q q 0 0 0 rg BT 504.25 409.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td (58% ) Tj ET Q q 0 0 0 rg BT 71.36 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 82.73 397.25 Td (votes ) Tj ET Q q 0 0 0 rg BT 106.87 397.25 Td (cast ) Tj ET Q q 0 0 0 rg BT 125.45 397.25 Td (supported ) Tj ET Q q 0 0 0 rg BT 167.93 397.25 Td (Greenhill) Tj ET Q q 0 0 0 rg BT 208.47 397.25 Td (s ) Tj ET Q q 0 0 0 rg BT 215.40 397.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 256.74 397.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 315.32 397.25 Td (program. ) Tj ET Q q 0 0 0 rg BT 354.73 397.25 Td ( ) Tj ET Q q 0 0 0 rg BT 357.54 397.25 Td (While ) Tj ET Q q 0 0 0 rg BT 385.01 397.25 Td (we ) Tj ET Q q 0 0 0 rg BT 399.71 397.25 Td (received ) Tj ET Q q 0 0 0 rg BT 436.60 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.86 397.25 Td (support ) Tj ET Q q 0 0 0 rg BT 484.89 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.26 397.25 Td (seven ) Tj ET Q q 0 0 0 rg BT 522.06 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 533.42 397.25 Td (our ) Tj ET Q q 0 0 0 rg BT 549.79 397.25 Td (ten ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (lar) Tj ET Q q 0 0 0 rg BT 60.37 385.25 Td (gest ) Tj ET Q q 0 0 0 rg BT 78.45 385.25 Td (stockholders, ) Tj ET Q q 0 0 0 rg BT 133.48 385.25 Td (this ) Tj ET Q q 0 0 0 rg BT 149.91 385.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 179.65 385.25 Td (result ) Tj ET Q q 0 0 0 rg BT 203.85 385.25 Td (led ) Tj ET Q q 0 0 0 rg BT 218.04 385.25 Td (us ) Tj ET Q q 0 0 0 rg BT 228.91 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 238.67 385.25 Td (undertake ) Tj ET Q q 0 0 0 rg BT 280.07 385.25 Td (a ) Tj ET Q q 0 0 0 rg BT 286.49 385.25 Td (multi-pronged ) Tj ET Q q 0 0 0 rg BT 345.68 385.25 Td (ef) Tj ET Q q 0 0 0 rg BT 353.27 385.25 Td (fort ) Tj ET Q q 0 0 0 rg BT 369.69 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 379.44 385.25 Td (review ) Tj ET Q q 0 0 0 rg BT 408.63 385.25 Td (our ) Tj ET Q q 0 0 0 rg BT 423.94 385.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 464.23 385.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 521.75 385.25 Td (programs. ) Tj ET Q q 0 0 0 rg BT 564.52 385.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (This ) Tj ET Q q 0 0 0 rg BT 69.51 373.25 Td (ef) Tj ET Q q 0 0 0 rg BT 77.09 373.25 Td (fort ) Tj ET Q q 0 0 0 rg BT 93.26 373.25 Td (included ) Tj ET Q q 0 0 0 rg BT 129.42 373.25 Td (discussions ) Tj ET Q q 0 0 0 rg BT 176.71 373.25 Td (with ) Tj ET Q q 0 0 0 rg BT 196.22 373.25 Td (institutional ) Tj ET Q q 0 0 0 rg BT 245.73 373.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 298.00 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.17 373.25 Td (their ) Tj ET Q q 0 0 0 rg BT 334.22 373.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 373.71 373.25 Td (governance ) Tj ET Q q 0 0 0 rg BT 421.52 373.25 Td (groups, ) Tj ET Q q 0 0 0 rg BT 452.97 373.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 486.91 373.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.97 373.25 Td (market ) Tj ET Q q 0 0 0 rg BT 526.46 373.25 Td (practices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.25 Td (at ) Tj ET Q q 0 0 0 rg BT 59.72 361.25 Td (peer ) Tj ET Q q 0 0 0 rg BT 79.42 361.25 Td (companies, ) Tj ET Q q 0 0 0 rg BT 127.19 361.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.13 361.25 Td (retention ) Tj ET Q q 0 0 0 rg BT 182.17 361.25 Td (by ) Tj ET Q q 0 0 0 rg BT 194.67 361.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.38 361.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 269.66 361.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 316.60 361.25 Td (of ) Tj ET Q q 0 0 0 rg BT 327.43 361.25 Td (an ) Tj ET Q q 0 0 0 rg BT 339.37 361.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 390.74 361.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 448.78 361.25 Td (consultant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 340.25 Td (The ) Tj ET Q q 0 0 0 rg BT 82.24 340.25 Td (objective ) Tj ET Q q 0 0 0 rg BT 122.09 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 133.61 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.03 340.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 184.44 340.25 Td (outreach ) Tj ET Q q 0 0 0 rg BT 222.06 340.25 Td (was ) Tj ET Q q 0 0 0 rg BT 240.81 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 251.78 340.25 Td (understand ) Tj ET Q q 0 0 0 rg BT 298.85 340.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.27 340.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 344.67 340.25 Td (our ) Tj ET Q q 0 0 0 rg BT 361.20 340.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 414.94 340.25 Td (consider ) Tj ET Q q 0 0 0 rg BT 452.01 340.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.98 340.25 Td (be ) Tj ET Q q 0 0 0 rg BT 475.62 340.25 Td (most ) Tj ET Q q 0 0 0 rg BT 498.26 340.25 Td (important ) Tj ET Q q 0 0 0 rg BT 540.34 340.25 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 94.49 328.25 Td (our ) Tj ET Q q 0 0 0 rg BT 110.66 328.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 151.82 328.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 210.20 328.25 Td (program. ) Tj ET Q q 0 0 0 rg BT 249.42 328.25 Td ( ) Tj ET Q q 0 0 0 rg BT 252.26 328.25 Td (During ) Tj ET Q q 0 0 0 rg BT 283.43 328.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 308.77 328.25 Td (we ) Tj ET Q q 0 0 0 rg BT 323.28 328.25 Td (spoke ) Tj ET Q q 0 0 0 rg BT 349.45 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 360.07 328.25 Td (our ) Tj ET Q q 0 0 0 rg BT 376.24 328.25 Td (top ) Tj ET Q q 0 0 0 rg BT 391.86 328.25 Td (institutional ) Tj ET Q q 0 0 0 rg BT 442.48 328.25 Td (holders ) Tj ET Q q 0 0 0 rg BT 474.76 328.25 Td (specifically ) Tj ET Q q 0 0 0 rg BT 523.69 328.25 Td (regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 90.70 316.25 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 151.12 316.25 Td ( ) Tj ET Q q 0 0 0 rg BT 153.34 316.25 Td (W) Tj ET Q q 0 0 0 rg BT 161.97 316.25 Td (e ) Tj ET Q q 0 0 0 rg BT 168.80 316.25 Td (learned ) Tj ET Q q 0 0 0 rg BT 200.61 316.25 Td (that ) Tj ET Q q 0 0 0 rg BT 217.99 316.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 270.92 316.25 Td (were ) Tj ET Q q 0 0 0 rg BT 292.73 316.25 Td (not ) Tj ET Q q 0 0 0 rg BT 307.90 316.25 Td (seeking ) Tj ET Q q 0 0 0 rg BT 340.83 316.25 Td (major ) Tj ET Q q 0 0 0 rg BT 366.54 316.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 401.13 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 411.29 316.25 Td (our ) Tj ET Q q 0 0 0 rg BT 427.01 316.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 467.71 316.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 525.63 316.25 Td (program, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (but ) Tj ET Q q 0 0 0 rg BT 65.38 304.25 Td (rather ) Tj ET Q q 0 0 0 rg BT 91.30 304.25 Td (that ) Tj ET Q q 0 0 0 rg BT 108.90 304.25 Td (they ) Tj ET Q q 0 0 0 rg BT 128.72 304.25 Td (had ) Tj ET Q q 0 0 0 rg BT 145.76 304.25 Td (some ) Tj ET Q q 0 0 0 rg BT 169.47 304.25 Td (ideas ) Tj ET Q q 0 0 0 rg BT 192.62 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 203.00 304.25 Td (refine ) Tj ET Q q 0 0 0 rg BT 228.92 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.96 304.25 Td (improve ) Tj ET Q q 0 0 0 rg BT 281.88 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.70 304.25 Td (program, ) Tj ET Q q 0 0 0 rg BT 335.68 304.25 Td (often ) Tj ET Q q 0 0 0 rg BT 358.83 304.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 392.53 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 402.91 304.25 Td (CEO ) Tj ET Q q 0 0 0 rg BT 425.51 304.25 Td (pay) Tj ET Q q 0 0 0 rg BT 439.30 304.25 Td (. ) Tj ET Q q 0 0 0 rg BT 444.40 304.25 Td ( ) Tj ET Q q 0 0 0 rg BT 447.01 304.25 Td (Major ) Tj ET Q q 0 0 0 rg BT 474.05 304.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 527.20 304.25 Td (were ) Tj ET Q q 0 0 0 rg BT 549.23 304.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (prescriptive ) Tj ET Q q 0 0 0 rg BT 99.24 292.25 Td (about ) Tj ET Q q 0 0 0 rg BT 123.49 292.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 142.74 292.25 Td (design. ) Tj ET Q q 0 0 0 rg BT 173.38 292.25 Td ( ) Tj ET Q q 0 0 0 rg BT 175.42 292.25 Td (Instead, ) Tj ET Q q 0 0 0 rg BT 208.83 292.25 Td (they ) Tj ET Q q 0 0 0 rg BT 228.08 292.25 Td (were ) Tj ET Q q 0 0 0 rg BT 249.55 292.25 Td (more ) Tj ET Q q 0 0 0 rg BT 272.13 292.25 Td (interested ) Tj ET Q q 0 0 0 rg BT 313.04 292.25 Td (to ) Tj ET Q q 0 0 0 rg BT 322.85 292.25 Td (see ) Tj ET Q q 0 0 0 rg BT 337.65 292.25 Td (that ) Tj ET Q q 0 0 0 rg BT 354.68 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.94 292.25 Td (results ) Tj ET Q q 0 0 0 rg BT 397.08 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.55 292.25 Td (outcomes ) Tj ET Q q 0 0 0 rg BT 453.91 292.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 493.15 292.25 Td (by ) Tj ET Q q 0 0 0 rg BT 505.19 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.44 292.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 542.58 292.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (appropriately ) Tj ET Q q 0 0 0 rg BT 105.81 280.25 Td (aligned ) Tj ET Q q 0 0 0 rg BT 137.74 280.25 Td (with ) Tj ET Q q 0 0 0 rg BT 158.02 280.25 Td (both ) Tj ET Q q 0 0 0 rg BT 178.30 280.25 Td (Firm-wide ) Tj ET Q q 0 0 0 rg BT 223.02 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.96 280.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 283.01 280.25 Td (performance. ) Tj ET Q q 0 0 0 rg BT 338.53 280.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 259.25 Td (W) Tj ET Q q 0 0 0 rg BT 72.14 259.25 Td (e ) Tj ET Q q 0 0 0 rg BT 79.08 259.25 Td (took ) Tj ET Q q 0 0 0 rg BT 99.35 259.25 Td (action ) Tj ET Q q 0 0 0 rg BT 126.29 259.25 Td (in ) Tj ET Q q 0 0 0 rg BT 136.57 259.25 Td (response ) Tj ET Q q 0 0 0 rg BT 174.06 259.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.33 259.25 Td (investor ) Tj ET Q q 0 0 0 rg BT 219.05 259.25 Td (feedback:) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 50 89.9169921875 m 134.5 89.9169921875 l s q 0 0 0 rg BT 50.00 91.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 91.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.00 91.25 Td ( ) Tj ET Q q 0 0 0 rg BT 124.50 91.25 Td ( ) Tj ET Q q 0 0 0 rg BT 127.00 91.25 Td ( ) Tj ET Q q 0 0 0 rg BT 129.50 91.25 Td ( ) Tj ET Q q 0 0 0 rg BT 132.00 91.25 Td ( ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 75.65 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 74.83 75.65 Td (Excludes ) Tj ET Q q 0 0 0 rg BT 106.15 75.65 Td (withdrawn/canceled ) Tj ET Q q 0 0 0 rg BT 172.57 75.65 Td (deals. ) Tj ET Q q 0 0 0 rg BT 193.00 75.65 Td ( ) Tj ET Q q 0 0 0 rg BT 195.00 75.65 Td (Source: ) Tj ET Q q 0 0 0 rg BT 221.30 75.65 Td (Thomson ) Tj ET Q q 0 0 0 rg BT 253.52 75.65 Td (Financial ) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (48) Tj ET Q /GS0 gs q 512.00 0 0 251.90 50.00 497.15 cm /I20 Do Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 476.15 Td (New ) Tj ET Q q 0 0 0 rg BT 85.02 476.15 Td (for) Tj ET Q q 0 0 0 rg BT 97.60 476.15 Td ( ) Tj ET Q q 0 0 0 rg BT 100.24 476.15 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.24 476.15 Td (. ) Tj ET Q q 0 0 0 rg BT 125.37 476.15 Td ( ) Tj ET Q q 0 0 0 rg BT 128.00 476.15 Td (Our ) Tj ET Q q 0 0 0 rg BT 146.19 476.15 Td (pay-for) Tj ET Q q 0 0 0 rg BT 175.42 476.15 Td (-performance ) Tj ET Q q 0 0 0 rg BT 231.90 476.15 Td (compensation ) Tj ET Q q 0 0 0 rg BT 290.08 476.15 Td (program ) Tj ET Q q 0 0 0 rg BT 326.59 476.15 Td (is ) Tj ET Q q 0 0 0 rg BT 335.89 476.15 Td (designed ) Tj ET Q q 0 0 0 rg BT 374.07 476.15 Td (to ) Tj ET Q q 0 0 0 rg BT 384.48 476.15 Td (reward ) Tj ET Q q 0 0 0 rg BT 414.88 476.15 Td (performance ) Tj ET Q q 0 0 0 rg BT 468.03 476.15 Td (and ) Tj ET Q q 0 0 0 rg BT 485.10 476.15 Td (align ) Tj ET Q q 0 0 0 rg BT 507.73 476.15 Td (the ) Tj ET Q q 0 0 0 rg BT 522.58 476.15 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.15 Td (interests ) Tj ET Q q 0 0 0 rg BT 85.51 464.15 Td (of ) Tj ET Q q 0 0 0 rg BT 96.03 464.15 Td (our ) Tj ET Q q 0 0 0 rg BT 111.54 464.15 Td (named ) Tj ET Q q 0 0 0 rg BT 140.38 464.15 Td (executive ) Tj ET Q q 0 0 0 rg BT 180.88 464.15 Td (of) Tj ET Q q 0 0 0 rg BT 189.03 464.15 Td (ficers ) Tj ET Q q 0 0 0 rg BT 213.42 464.15 Td (and ) Tj ET Q q 0 0 0 rg BT 230.04 464.15 Td (other ) Tj ET Q q 0 0 0 rg BT 252.77 464.15 Td (senior ) Tj ET Q q 0 0 0 rg BT 279.40 464.15 Td (professionals ) Tj ET Q q 0 0 0 rg BT 334.35 464.15 Td (with ) Tj ET Q q 0 0 0 rg BT 354.31 464.15 Td (those ) Tj ET Q q 0 0 0 rg BT 377.61 464.15 Td (of ) Tj ET Q q 0 0 0 rg BT 388.12 464.15 Td (our ) Tj ET Q q 0 0 0 rg BT 403.64 464.15 Td (stockholders. ) Tj ET Q q 0 0 0 rg BT 458.87 464.15 Td ( ) Tj ET Q q 0 0 0 rg BT 461.05 464.15 Td (In ) Tj ET Q q 0 0 0 rg BT 471.57 464.15 Td (addition ) Tj ET Q q 0 0 0 rg BT 506.53 464.15 Td (to ) Tj ET Q q 0 0 0 rg BT 516.49 464.15 Td (our ) Tj ET Q q 0 0 0 rg BT 532.01 464.15 Td (historic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.15 Td (approach ) Tj ET Q q 0 0 0 rg BT 89.15 452.15 Td (to ) Tj ET Q q 0 0 0 rg BT 99.44 452.15 Td (aligning ) Tj ET Q q 0 0 0 rg BT 134.72 452.15 Td (pay ) Tj ET Q q 0 0 0 rg BT 151.66 452.15 Td (for ) Tj ET Q q 0 0 0 rg BT 165.83 452.15 Td (performance ) Tj ET Q q 0 0 0 rg BT 218.86 452.15 Td (through ) Tj ET Q q 0 0 0 rg BT 252.47 452.15 Td (the ) Tj ET Q q 0 0 0 rg BT 267.19 452.15 Td (use ) Tj ET Q q 0 0 0 rg BT 283.03 452.15 Td (of ) Tj ET Q q 0 0 0 rg BT 293.87 452.15 Td (restricted ) Tj ET Q q 0 0 0 rg BT 333.58 452.15 Td (stock ) Tj ET Q q 0 0 0 rg BT 357.19 452.15 Td (units ) Tj ET Q q 0 0 0 rg BT 379.15 452.15 Td (\("RSUs"\), ) Tj ET Q q 0 0 0 rg BT 422.32 452.15 Td (based ) Tj ET Q q 0 0 0 rg BT 447.60 452.15 Td (on ) Tj ET Q q 0 0 0 rg BT 460.10 452.15 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 509.26 452.15 Td (feedback, ) Tj ET Q q 0 0 0 rg BT 550.35 452.15 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.15 Td (introduced ) Tj ET Q q 0 0 0 rg BT 95.49 440.15 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 127.12 440.15 Td (for ) Tj ET Q q 0 0 0 rg BT 141.50 440.15 Td (our ) Tj ET Q q 0 0 0 rg BT 157.55 440.15 Td (CEO, ) Tj ET Q q 0 0 0 rg BT 182.78 440.15 Td (who ) Tj ET Q q 0 0 0 rg BT 202.72 440.15 Td (has ) Tj ET Q q 0 0 0 rg BT 218.78 440.15 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 254.27 440.15 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 311.44 440.15 Td (for ) Tj ET Q q 0 0 0 rg BT 325.82 440.15 Td (Firm-wide ) Tj ET Q q 0 0 0 rg BT 370.76 440.15 Td (performance. ) Tj ET Q q 0 0 0 rg BT 426.51 440.15 Td ( ) Tj ET Q q 0 0 0 rg BT 429.03 440.15 Td (The ) Tj ET Q q 0 0 0 rg BT 447.30 440.15 Td (PRSU ) Tj ET Q q 0 0 0 rg BT 475.04 440.15 Td (award ) Tj ET Q q 0 0 0 rg BT 502.19 440.15 Td (is ) Tj ET Q q 0 0 0 rg BT 511.59 440.15 Td (based ) Tj ET Q q 0 0 0 rg BT 537.08 440.15 Td (on ) Tj ET Q q 0 0 0 rg BT 549.80 440.15 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.15 Td (CEO) Tj ET Q q 0 0 0 rg BT 72.78 428.15 Td (s ) Tj ET Q q 0 0 0 rg BT 79.56 428.15 Td (performance ) Tj ET Q q 0 0 0 rg BT 132.98 428.15 Td (in ) Tj ET Q q 0 0 0 rg BT 143.65 428.15 Td (2015 ) Tj ET Q q 0 0 0 rg BT 166.54 428.15 Td (and ) Tj ET Q q 0 0 0 rg BT 183.87 428.15 Td (ties ) Tj ET Q q 0 0 0 rg BT 200.65 428.15 Td (the ) Tj ET Q q 0 0 0 rg BT 215.76 428.15 Td (CEO) Tj ET Q q 0 0 0 rg BT 238.54 428.15 Td (s ) Tj ET Q q 0 0 0 rg BT 245.32 428.15 Td (compensation ) Tj ET Q q 0 0 0 rg BT 303.75 428.15 Td (to ) Tj ET Q q 0 0 0 rg BT 314.42 428.15 Td (our ) Tj ET Q q 0 0 0 rg BT 330.65 428.15 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 367.68 428.15 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 398.89 428.15 Td (mar) Tj ET Q q 0 0 0 rg BT 414.26 428.15 Td (gin ) Tj ET Q q 0 0 0 rg BT 429.93 428.15 Td (and ) Tj ET Q q 0 0 0 rg BT 447.26 428.15 Td (total ) Tj ET Q q 0 0 0 rg BT 467.92 428.15 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 517.47 428.15 Td (return ) Tj ET Q q 0 0 0 rg BT 544.24 428.15 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.15 Td (the ) Tj ET Q q 0 0 0 rg BT 63.85 416.15 Td (three-year ) Tj ET Q q 0 0 0 rg BT 106.00 416.15 Td (period ) Tj ET Q q 0 0 0 rg BT 133.17 416.15 Td (from ) Tj ET Q q 0 0 0 rg BT 154.24 416.15 Td (2016 ) Tj ET Q q 0 0 0 rg BT 175.87 416.15 Td (to ) Tj ET Q q 0 0 0 rg BT 185.27 416.15 Td (2018. ) Tj ET Q q 0 0 0 rg BT 209.40 416.15 Td ( ) Tj ET Q q 0 0 0 rg BT 210.91 416.15 Td (The ) Tj ET Q q 0 0 0 rg BT 228.09 416.15 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 258.62 416.15 Td (are ) Tj ET Q q 0 0 0 rg BT 272.46 416.15 Td (designed ) Tj ET Q q 0 0 0 rg BT 309.63 416.15 Td (to ) Tj ET Q q 0 0 0 rg BT 319.04 416.15 Td (both ) Tj ET Q q 0 0 0 rg BT 338.45 416.15 Td (advance ) Tj ET Q q 0 0 0 rg BT 372.83 416.15 Td (the ) Tj ET Q q 0 0 0 rg BT 386.67 416.15 Td (Firm) Tj ET Q q 0 0 0 rg BT 408.90 416.15 Td (s ) Tj ET Q q 0 0 0 rg BT 414.42 416.15 Td (business ) Tj ET Q q 0 0 0 rg BT 449.94 416.15 Td (objectives ) Tj ET Q q 0 0 0 rg BT 492.11 416.15 Td (and ) Tj ET Q q 0 0 0 rg BT 508.18 416.15 Td (be ) Tj ET Q q 0 0 0 rg BT 519.25 416.15 Td (responsive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.15 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 404.15 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 109.43 404.15 Td (feedback.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 383.15 Td (Key ) Tj ET Q q 0 0 0 rg BT 83.85 383.15 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 148.66 383.15 Td (Practices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.53 383.15 Td (. ) Tj ET Q q 0 0 0 rg BT 193.16 383.15 Td ( ) Tj ET Q q 0 0 0 rg BT 196.30 383.15 Td (Key ) Tj ET Q q 0 0 0 rg BT 216.10 383.15 Td (executive ) Tj ET Q q 0 0 0 rg BT 257.54 383.15 Td (compensation ) Tj ET Q q 0 0 0 rg BT 316.22 383.15 Td (practices ) Tj ET Q q 0 0 0 rg BT 354.89 383.15 Td (are ) Tj ET Q q 0 0 0 rg BT 370.23 383.15 Td (summarized ) Tj ET Q q 0 0 0 rg BT 422.24 383.15 Td (below) Tj ET Q q 0 0 0 rg BT 446.03 383.15 Td (. ) Tj ET Q q 0 0 0 rg BT 451.67 383.15 Td ( ) Tj ET Q q 0 0 0 rg BT 454.57 383.15 Td (W) Tj ET Q q 0 0 0 rg BT 463.21 383.15 Td (e ) Tj ET Q q 0 0 0 rg BT 470.79 383.15 Td (believe ) Tj ET Q q 0 0 0 rg BT 502.80 383.15 Td (these ) Tj ET Q q 0 0 0 rg BT 526.48 383.15 Td (practices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.15 Td (promote ) Tj ET Q q 0 0 0 rg BT 85.83 371.15 Td (alignment ) Tj ET Q q 0 0 0 rg BT 128.32 371.15 Td (with ) Tj ET Q q 0 0 0 rg BT 148.59 371.15 Td (the ) Tj ET Q q 0 0 0 rg BT 163.31 371.15 Td (interests ) Tj ET Q q 0 0 0 rg BT 199.14 371.15 Td (of ) Tj ET Q q 0 0 0 rg BT 209.97 371.15 Td (our ) Tj ET Q q 0 0 0 rg BT 225.80 371.15 Td (stockholders.) Tj ET Q endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (49) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 278.55 742.25 Td (What ) Tj ET Q q 0 0 0 rg BT 304.76 742.25 Td (W) Tj ET Q q 0 0 0 rg BT 314.21 742.25 Td (e Do) Tj ET Q /GS0 gs q 512.00 0 0 262.30 50.00 462.94 cm /I21 Do Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 265.10 440.95 Td (What ) Tj ET Q q 0 0 0 rg BT 291.31 440.95 Td (W) Tj ET Q q 0 0 0 rg BT 300.76 440.95 Td (e Dont Do) Tj ET Q /GS0 gs q 512.00 0 0 123.10 50.00 302.86 cm /I22 Do Q BT /F1 10.00 Tf ET endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (50) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.37 730.10 Td (ocess For) Tj ET Q q 0 0 0 rg BT 99.89 730.10 Td ( Determining Executive Compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 709.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 127.58 709.10 Td (Philosophy) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.82 709.10 Td (. ) Tj ET Q q 0 0 0 rg BT 179.73 709.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.13 709.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 200.09 709.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 258.04 709.10 Td (program ) Tj ET Q q 0 0 0 rg BT 294.32 709.10 Td (is ) Tj ET Q q 0 0 0 rg BT 303.40 709.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 341.35 709.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.54 709.10 Td (attract, ) Tj ET Q q 0 0 0 rg BT 381.42 709.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 406.59 709.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.44 709.10 Td (motivate ) Tj ET Q q 0 0 0 rg BT 460.84 709.10 Td (our ) Tj ET Q q 0 0 0 rg BT 476.57 709.10 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 534.25 709.10 Td (reward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.78 697.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 119.86 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.75 697.10 Td (business ) Tj ET Q q 0 0 0 rg BT 169.20 697.10 Td (results ) Tj ET Q q 0 0 0 rg BT 198.87 697.10 Td (through ) Tj ET Q q 0 0 0 rg BT 233.53 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.31 697.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 285.63 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.52 697.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 348.29 697.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 366.28 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.28 697.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 424.49 697.10 Td (programs ) Tj ET Q q 0 0 0 rg BT 465.82 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.81 697.10 Td (align ) Tj ET Q q 0 0 0 rg BT 507.37 697.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.14 697.10 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.04 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.87 685.10 Td (our ) Tj ET Q q 0 0 0 rg BT 134.70 685.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 179.97 685.10 Td (with ) Tj ET Q q 0 0 0 rg BT 200.24 685.10 Td (both ) Tj ET Q q 0 0 0 rg BT 220.52 685.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 263.57 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.51 685.10 Td (company ) Tj ET Q q 0 0 0 rg BT 319.67 685.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 375.19 685.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 664.10 Td (The ) Tj ET Q q 0 0 0 rg BT 81.55 664.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 123.48 664.10 Td (behind ) Tj ET Q q 0 0 0 rg BT 153.20 664.10 Td (our ) Tj ET Q q 0 0 0 rg BT 169.03 664.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 208.17 664.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.45 664.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 276.49 664.10 Td (include:) Tj ET Q 0 0.6901960784313725 0.3137254901960784 rg /GS0 gs 50.50 641.60 453.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 641.6 m 50.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 641.6 m 131.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 628.6 m 131.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 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50.5 598.6 m 131.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 568.6 m 131.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 598.6 m 131.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 598.6 m 503.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 598.6 m 503.5 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 568.6 m 503.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 568.6 m 50.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 568.6 m 131.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 568.6 m 131.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 538.6 m 131.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 568.6 m 131.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 568.6 m 503.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 568.6 m 503.5 568.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 538.6 m 503.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 538.6 m 50.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 538.6 m 131.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 538.6 m 131.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 508.6 m 131.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 538.6 m 131.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 503.5 538.6 m 503.5 508.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 538.6 m 503.5 538.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 131.5 508.6 m 503.5 508.6 l s BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 53.00 632.33 Td (Principles of Compensation Policy) Tj ET Q BT /F4 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 53.00 611.33 Td (Alignment) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.00 616.26 Td (Align interests between all our senior professionals \(including our named executive) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.00 606.26 Td (officers\) and our stockholders) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 581.33 Td (Simplicity) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.00 586.26 Td (Our senior professionals and our stockholders can readily calculate the costs and benefits) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.00 576.26 Td (of the compensation we provide) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 556.43 Td (Meritocracy) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 102.99 556.43 Td ( ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 53.00 546.26 Td (\(within the Firm\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.00 556.26 Td (Our compensation methodology is seen by our senior professionals as fair and, as a result,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.00 546.26 Td (those professionals can work together effectively in teams to better advise clients) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 521.33 Td (Effectiveness) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 134.00 521.26 Td (Can attract and retain talent in a highly competitive industry) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 476.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 126.60 476.10 Td (T) Tj ET Q q 0 0 0 rg BT 132.53 476.10 Td (rack ) Tj ET Q q 0 0 0 rg BT 153.50 476.10 Td (Record) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.60 476.10 Td (. ) Tj ET Q q 0 0 0 rg BT 188.63 476.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.17 476.10 Td (Using ) Tj ET Q q 0 0 0 rg BT 215.59 476.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 242.45 476.10 Td ( ) Tj ET Q q 0 0 0 rg BT 243.98 476.10 Td (figures, ) Tj ET Q q 0 0 0 rg BT 275.79 476.10 Td (we ) Tj ET Q q 0 0 0 rg BT 288.98 476.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 319.39 476.10 Td (that ) Tj ET Q q 0 0 0 rg BT 335.92 476.10 Td (we ) Tj ET Q q 0 0 0 rg BT 349.11 476.10 Td (have ) Tj ET Q q 0 0 0 rg BT 369.52 476.10 Td (had ) Tj ET Q q 0 0 0 rg BT 385.50 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.25 476.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 426.89 476.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 483.97 476.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 503.83 476.10 Td (\(total ) Tj ET Q q 0 0 0 rg BT 526.47 476.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 464.10 Td (divided ) Tj ET Q q 0 0 0 rg BT 81.82 464.10 Td (by ) Tj ET Q q 0 0 0 rg BT 93.65 464.10 Td (total ) Tj ET Q q 0 0 0 rg BT 113.24 464.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 170.61 464.10 Td (expense\) ) Tj ET Q q 0 0 0 rg BT 207.97 464.10 Td (among ) Tj ET Q q 0 0 0 rg BT 237.02 464.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 271.61 464.10 Td (traded ) Tj ET Q q 0 0 0 rg BT 298.42 464.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 349.12 464.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 394.83 464.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 428.87 464.10 Td (firms ) Tj ET Q q 0 0 0 rg BT 451.80 464.10 Td (in ) Tj ET Q q 0 0 0 rg BT 461.41 464.10 Td (every ) Tj ET Q q 0 0 0 rg BT 485.44 464.10 Td (year ) Tj ET Q q 0 0 0 rg BT 504.47 464.10 Td (since ) Tj ET Q q 0 0 0 rg BT 526.84 464.10 Td (our ) Tj ET Q q 0 0 0 rg BT 542.00 464.10 Td (2004 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 76.38 452.10 Td (public ) Tj ET Q q 0 0 0 rg BT 104.42 452.10 Td (of) Tj ET Q q 0 0 0 rg BT 112.57 452.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 139.49 452.10 Td (through ) Tj ET Q q 0 0 0 rg BT 173.64 452.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 199.19 452.10 Td (with ) Tj ET Q q 0 0 0 rg BT 220.01 452.10 Td (our ) Tj ET Q q 0 0 0 rg BT 236.39 452.10 Td (absolute ) Tj ET Q q 0 0 0 rg BT 272.76 452.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 331.35 452.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 352.72 452.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 386.31 452.10 Td (from ) Tj ET Q q 0 0 0 rg BT 408.80 452.10 Td (54% ) Tj ET Q q 0 0 0 rg BT 430.17 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.00 452.10 Td (56% ) Tj ET Q q 0 0 0 rg BT 462.37 452.10 Td (over ) Tj ET Q q 0 0 0 rg BT 483.19 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.45 452.10 Td (last ) Tj ET Q q 0 0 0 rg BT 515.38 452.10 Td (three ) Tj ET Q q 0 0 0 rg BT 538.41 452.10 Td (years, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 93.04 440.10 Td (on ) Tj ET Q q 0 0 0 rg BT 104.43 440.10 Td (our ) Tj ET Q q 0 0 0 rg BT 119.15 440.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 155.51 440.10 Td (performance. ) Tj ET Q q 0 0 0 rg BT 209.92 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.21 440.10 Td (W) Tj ET Q q 0 0 0 rg BT 219.85 440.10 Td (e ) Tj ET Q q 0 0 0 rg BT 225.67 440.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 252.05 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.22 440.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 289.25 440.10 Td (this ) Tj ET Q q 0 0 0 rg BT 305.09 440.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 324.80 440.10 Td (over ) Tj ET Q q 0 0 0 rg BT 343.95 440.10 Td (time ) Tj ET Q q 0 0 0 rg BT 363.11 440.10 Td (toward ) Tj ET Q q 0 0 0 rg BT 392.27 440.10 Td (our ) Tj ET Q q 0 0 0 rg BT 406.98 440.10 Td (tar) Tj ET Q q 0 0 0 rg BT 417.35 440.10 Td (get ) Tj ET Q q 0 0 0 rg BT 430.95 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.67 440.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 480.93 440.10 Td (a ) Tj ET Q q 0 0 0 rg BT 486.76 440.10 Td (50% ) Tj ET Q q 0 0 0 rg BT 506.47 440.10 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 71.67 428.10 Td (each ) Tj ET Q q 0 0 0 rg BT 93.34 428.10 Td (year) Tj ET Q q 0 0 0 rg BT 110.14 428.10 Td (, ) Tj ET Q q 0 0 0 rg BT 115.99 428.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 147.67 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 158.79 428.10 Td (balancing ) Tj ET Q q 0 0 0 rg BT 201.01 428.10 Td (this ) Tj ET Q q 0 0 0 rg BT 218.81 428.10 Td (tar) Tj ET Q q 0 0 0 rg BT 229.18 428.10 Td (get ) Tj ET Q q 0 0 0 rg BT 244.74 428.10 Td (against ) Tj ET Q q 0 0 0 rg BT 276.42 428.10 Td (our ) Tj ET Q q 0 0 0 rg BT 293.10 428.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 333.09 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.77 428.10 Td (retaining ) Tj ET Q q 0 0 0 rg BT 383.66 428.10 Td (our ) Tj ET Q q 0 0 0 rg BT 400.34 428.10 Td (key ) Tj ET Q q 0 0 0 rg BT 418.13 428.10 Td (performers ) Tj ET Q q 0 0 0 rg BT 465.35 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.13 428.10 Td (compensating ) Tj ET Q q 0 0 0 rg BT 542.02 428.10 Td (them ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.10 Td (competitively) Tj ET Q q 0 0 0 rg BT 104.34 416.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 395.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 128.50 395.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 138.86 395.10 Td (ocess) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.52 395.10 Td (. ) Tj ET Q q 0 0 0 rg BT 166.35 395.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.43 395.10 Td (The ) Tj ET Q q 0 0 0 rg BT 188.30 395.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 249.40 395.10 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 299.66 395.10 Td (which ) Tj ET Q q 0 0 0 rg BT 327.42 395.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 362.41 395.10 Td (entirely ) Tj ET Q q 0 0 0 rg BT 396.27 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.93 395.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 460.12 395.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 492.33 395.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 533.14 395.10 Td (has ) Tj ET Q q 0 0 0 rg BT 549.79 395.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 383.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 79.41 383.10 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 135.50 383.10 Td (for ) Tj ET Q q 0 0 0 rg BT 148.80 383.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 192.10 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.18 383.10 Td (approving ) Tj ET Q q 0 0 0 rg BT 250.38 383.10 Td (our ) Tj ET Q q 0 0 0 rg BT 265.35 383.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 305.31 383.10 Td (of) Tj ET Q q 0 0 0 rg BT 313.46 383.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 333.42 383.10 Td (base ) Tj ET Q q 0 0 0 rg BT 352.83 383.10 Td (salary) Tj ET Q q 0 0 0 rg BT 376.06 383.10 Td (, ) Tj ET Q q 0 0 0 rg BT 380.21 383.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 408.51 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.59 383.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 465.67 383.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 503.96 383.10 Td (compensation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.74 371.10 Td (other ) Tj ET Q q 0 0 0 rg BT 89.59 371.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 147.43 371.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 173.34 371.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 206.75 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.49 371.10 Td (programs. ) Tj ET Q q 0 0 0 rg BT 265.89 371.10 Td (The ) Tj ET Q q 0 0 0 rg BT 283.74 371.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 343.81 371.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 390.55 371.10 Td (maintains ) Tj ET Q q 0 0 0 rg BT 431.73 371.10 Td (a ) Tj ET Q q 0 0 0 rg BT 438.47 371.10 Td (dialogue ) Tj ET Q q 0 0 0 rg BT 475.21 371.10 Td (with ) Tj ET Q q 0 0 0 rg BT 495.29 371.10 Td (our ) Tj ET Q q 0 0 0 rg BT 510.92 371.10 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 90.86 359.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 151.45 359.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 186.77 359.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 224.85 359.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.83 359.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.60 359.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 311.91 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.79 359.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 365.89 359.10 Td (executives, ) Tj ET Q q 0 0 0 rg BT 413.13 359.10 Td (all ) Tj ET Q q 0 0 0 rg BT 425.68 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 436.55 359.10 Td (which ) Tj ET Q q 0 0 0 rg BT 463.53 359.10 Td (are ) Tj ET Q q 0 0 0 rg BT 478.29 359.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 502.49 359.10 Td (into ) Tj ET Q q 0 0 0 rg BT 520.59 359.10 Td (account ) Tj ET Q q 0 0 0 rg BT 554.23 359.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 347.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 103.79 347.10 Td (compensation. ) Tj ET Q q 0 0 0 rg BT 167.31 347.10 Td (Scott ) Tj ET Q q 0 0 0 rg BT 193.33 347.10 Td (Bok, ) Tj ET Q q 0 0 0 rg BT 217.98 347.10 Td (our ) Tj ET Q q 0 0 0 rg BT 236.78 347.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 264.47 347.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 309.92 347.10 Td (Of) Tj ET Q q 0 0 0 rg BT 320.29 347.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 338.20 347.10 Td (, ) Tj ET Q q 0 0 0 rg BT 346.18 347.10 Td (after ) Tj ET Q q 0 0 0 rg BT 369.96 347.10 Td (consulting ) Tj ET Q q 0 0 0 rg BT 417.10 347.10 Td (with ) Tj ET Q q 0 0 0 rg BT 440.35 347.10 Td (other ) Tj ET Q q 0 0 0 rg BT 466.37 347.10 Td (key ) Tj ET Q q 0 0 0 rg BT 486.28 347.10 Td (executives, ) Tj ET Q q 0 0 0 rg BT 536.45 347.10 Td (makes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 335.10 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 123.54 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.76 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.42 335.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 208.64 335.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 255.53 335.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 296.29 335.10 Td (both ) Tj ET Q q 0 0 0 rg BT 316.51 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.18 335.10 Td (form ) Tj ET Q q 0 0 0 rg BT 353.06 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.95 335.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 402.39 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.16 335.10 Td (base ) Tj ET Q q 0 0 0 rg BT 433.38 335.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 459.70 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.59 335.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 505.69 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.57 335.10 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 323.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 88.93 323.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 146.76 323.10 Td (for ) Tj ET Q q 0 0 0 rg BT 160.70 323.10 Td (each ) Tj ET Q q 0 0 0 rg BT 181.29 323.10 Td (named ) Tj ET Q q 0 0 0 rg BT 210.23 323.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 250.82 323.10 Td (of) Tj ET Q q 0 0 0 rg BT 258.97 323.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 279.57 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.29 323.10 Td (other ) Tj ET Q q 0 0 0 rg BT 319.12 323.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 345.84 323.10 Td (professional ) Tj ET Q q 0 0 0 rg BT 397.00 323.10 Td (each ) Tj ET Q q 0 0 0 rg BT 417.60 323.10 Td (year) Tj ET Q q 0 0 0 rg BT 434.25 323.10 Td (. ) Tj ET Q q 0 0 0 rg BT 439.03 323.10 Td (In ) Tj ET Q q 0 0 0 rg BT 449.64 323.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 497.46 323.10 Td (for ) Tj ET Q q 0 0 0 rg BT 511.40 323.10 Td (making ) Tj ET Q q 0 0 0 rg BT 543.68 323.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (recommendations, ) Tj ET Q q 0 0 0 rg BT 126.55 311.10 Td (our ) Tj ET Q q 0 0 0 rg BT 142.84 311.10 Td (management ) Tj ET Q q 0 0 0 rg BT 196.89 311.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 230.95 311.10 Td (information ) Tj ET Q q 0 0 0 rg BT 281.12 311.10 Td (from ) Tj ET Q q 0 0 0 rg BT 303.52 311.10 Td (a ) Tj ET Q q 0 0 0 rg BT 310.92 311.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 341.64 311.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.93 311.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 385.88 311.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 427.16 311.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 485.66 311.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 511.95 311.10 Td (at ) Tj ET Q q 0 0 0 rg BT 522.13 311.10 Td (our ) Tj ET Q q 0 0 0 rg BT 538.42 311.10 Td (peers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (The ) Tj ET Q q 0 0 0 rg BT 69.22 299.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 130.67 299.10 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 181.28 299.10 Td (in ) Tj ET Q q 0 0 0 rg BT 192.73 299.10 Td (approving ) Tj ET Q q 0 0 0 rg BT 236.96 299.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 267.29 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.40 299.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 328.51 299.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 368.83 299.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 430.55 299.10 Td (is ) Tj ET Q q 0 0 0 rg BT 440.89 299.10 Td (also ) Tj ET Q q 0 0 0 rg BT 460.67 299.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 488.22 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.22 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.11 299.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 553.67 299.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.04 287.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 152.76 287.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 189.13 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.40 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.12 287.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 254.93 287.10 Td (of) Tj ET Q q 0 0 0 rg BT 263.08 287.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 287.79 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.73 287.10 Td (their ) Tj ET Q q 0 0 0 rg BT 325.55 287.10 Td (level ) Tj ET Q q 0 0 0 rg BT 347.49 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.32 287.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 381.92 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.86 287.10 Td (RSU ) Tj ET Q q 0 0 0 rg BT 420.82 287.10 Td (ownership. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 266.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 95.96 266.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 135.63 266.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 194.20 266.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 225.54 266.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.00 266.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 285.46 266.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 325.13 266.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 383.70 266.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 415.04 266.10 Td (are ) Tj ET Q q 0 0 0 rg BT 430.27 266.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 463.28 266.10 Td (once ) Tj ET Q q 0 0 0 rg BT 485.17 266.10 Td (at ) Tj ET Q q 0 0 0 rg BT 495.41 266.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.65 266.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 553.67 266.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 254.10 Td (each ) Tj ET Q q 0 0 0 rg BT 71.01 254.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 107.57 254.10 Td (year ) Tj ET Q q 0 0 0 rg BT 127.47 254.10 Td (in ) Tj ET Q q 0 0 0 rg BT 137.94 254.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 168.95 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.97 254.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 233.19 254.10 Td (for ) Tj ET Q q 0 0 0 rg BT 247.55 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.46 254.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 304.58 254.10 Td (year) Tj ET Q q 0 0 0 rg BT 321.23 254.10 Td (. ) Tj ET Q q 0 0 0 rg BT 326.23 254.10 Td (The ) Tj ET Q q 0 0 0 rg BT 344.47 254.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 378.83 254.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.85 254.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.76 254.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 434.11 254.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.24 254.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 493.37 254.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 524.39 254.10 Td (is ) Tj ET Q q 0 0 0 rg BT 533.75 254.10 Td (both ) Tj ET Q q 0 0 0 rg BT 554.22 254.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 242.10 Td (reward ) Tj ET Q q 0 0 0 rg BT 80.33 242.10 Td (our ) Tj ET Q q 0 0 0 rg BT 96.23 242.10 Td (professionals ) Tj ET Q q 0 0 0 rg BT 151.57 242.10 Td (for ) Tj ET Q q 0 0 0 rg BT 165.80 242.10 Td (their ) Tj ET Q q 0 0 0 rg BT 186.69 242.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 238.14 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 248.49 242.10 Td (our ) Tj ET Q q 0 0 0 rg BT 264.39 242.10 Td (business ) Tj ET Q q 0 0 0 rg BT 300.85 242.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.20 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.99 242.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 367.98 242.10 Td (year ) Tj ET Q q 0 0 0 rg BT 387.76 242.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.77 242.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.11 242.10 Td (encourage ) Tj ET Q q 0 0 0 rg BT 458.77 242.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.56 242.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 515.56 242.10 Td (retention ) Tj ET Q q 0 0 0 rg BT 553.67 242.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 230.10 Td (those ) Tj ET Q q 0 0 0 rg BT 73.61 230.10 Td (professionals.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 209.10 Td (In ) Tj ET Q q 0 0 0 rg BT 76.83 209.10 Td (making ) Tj ET Q q 0 0 0 rg BT 111.82 209.10 Td (its ) Tj ET Q q 0 0 0 rg BT 126.27 209.10 Td (final ) Tj ET Q q 0 0 0 rg BT 149.60 209.10 Td (determinations, ) Tj ET Q q 0 0 0 rg BT 216.52 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 234.85 209.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 297.63 209.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 347.07 209.10 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 389.27 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 406.48 209.10 Td (Firm) Tj ET Q q 0 0 0 rg BT 428.71 209.10 Td (s ) Tj ET Q q 0 0 0 rg BT 437.60 209.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 477.58 209.10 Td (results ) Tj ET Q q 0 0 0 rg BT 508.69 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.13 209.10 Td (strategic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (development, ) Tj ET Q q 0 0 0 rg BT 106.91 197.10 Td (as ) Tj ET Q q 0 0 0 rg BT 118.00 197.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 159.07 197.10 Td (by ) Tj ET Q q 0 0 0 rg BT 171.83 197.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 206.23 197.10 Td (growth, ) Tj ET Q q 0 0 0 rg BT 239.82 197.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 270.89 197.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 295.87 197.10 Td (mar) Tj ET Q q 0 0 0 rg BT 311.23 197.10 Td (gin, ) Tj ET Q q 0 0 0 rg BT 329.27 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.46 197.10 Td (return ) Tj ET Q q 0 0 0 rg BT 373.10 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.19 197.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 413.60 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.13 197.10 Td (stockholders. ) Tj ET Q q 0 0 0 rg BT 479.94 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 482.49 197.10 Td (W) Tj ET Q q 0 0 0 rg BT 491.53 197.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 504.85 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 512.04 197.10 Td (view ) Tj ET Q q 0 0 0 rg BT 534.24 197.10 Td (toward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (its ) Tj ET Q q 0 0 0 rg BT 61.00 185.10 Td (objective ) Tj ET Q q 0 0 0 rg BT 99.20 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.09 185.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 149.51 185.10 Td (total ) Tj ET Q q 0 0 0 rg BT 168.84 185.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 225.93 185.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 259.69 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.58 185.10 Td (50 ) Tj ET Q q 0 0 0 rg BT 281.13 185.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 312.10 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.99 185.10 Td (total ) Tj ET Q q 0 0 0 rg BT 341.31 185.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 374.51 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 383.84 185.10 Td (any ) Tj ET Q q 0 0 0 rg BT 399.83 185.10 Td (given ) Tj ET Q q 0 0 0 rg BT 423.60 185.10 Td (year) Tj ET Q q 0 0 0 rg BT 440.41 185.10 Td (, ) Tj ET Q q 0 0 0 rg BT 444.46 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.23 185.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 517.56 185.10 Td (Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 96.04 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.43 173.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 168.15 173.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 188.64 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 198.59 173.10 Td (consultation ) Tj ET Q q 0 0 0 rg BT 249.65 173.10 Td (with ) Tj ET Q q 0 0 0 rg BT 269.60 173.10 Td (management ) Tj ET Q q 0 0 0 rg BT 322.86 173.10 Td (based ) Tj ET Q q 0 0 0 rg BT 347.80 173.10 Td (on ) Tj ET Q q 0 0 0 rg BT 359.97 173.10 Td (such ) Tj ET Q q 0 0 0 rg BT 380.47 173.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 409.85 173.10 Td (as ) Tj ET Q q 0 0 0 rg BT 420.35 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.74 173.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 466.91 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.41 173.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 517.62 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.01 173.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.99 161.10 Td (base ) Tj ET Q q 0 0 0 rg BT 79.42 161.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 136.63 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.73 161.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 188.54 161.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 240.74 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.73 161.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 275.74 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.84 161.10 Td (other ) Tj ET Q q 0 0 0 rg BT 314.05 161.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 371.25 161.10 Td (payments, ) Tj ET Q q 0 0 0 rg BT 413.74 161.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 452.60 161.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 509.81 161.10 Td (requirements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.66 149.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 114.15 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.98 149.10 Td (other ) Tj ET Q q 0 0 0 rg BT 148.03 149.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 170.53 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.47 149.10 Td (expenses. ) Tj ET Q endstream endobj 103 0 obj <> endobj 104 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (51) Tj ET Q /GS0 gs q 512.00 0 0 269.55 50.00 479.45 cm /I23 Do Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 458.45 Td (In ) Tj ET Q q 0 0 0 rg BT 75.26 458.45 Td (approving ) Tj ET Q q 0 0 0 rg BT 119.23 458.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 178.20 458.45 Td (decisions ) Tj ET Q q 0 0 0 rg BT 218.84 458.45 Td (with ) Tj ET Q q 0 0 0 rg BT 240.05 458.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 271.79 458.45 Td (to ) Tj ET Q q 0 0 0 rg BT 283.00 458.45 Td (2015, ) Tj ET Q q 0 0 0 rg BT 308.92 458.45 Td (our ) Tj ET Q q 0 0 0 rg BT 325.68 458.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 386.88 458.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 434.74 458.45 Td (considered ) Tj ET Q q 0 0 0 rg BT 481.49 458.45 Td (a ) Tj ET Q q 0 0 0 rg BT 489.35 458.45 Td (variety ) Tj ET Q q 0 0 0 rg BT 520.54 458.45 Td (of ) Tj ET Q q 0 0 0 rg BT 532.30 458.45 Td (factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 446.45 Td (including ) Tj ET Q q 0 0 0 rg BT 90.73 446.45 Td (the ) Tj ET Q q 0 0 0 rg BT 105.91 446.45 Td (following: ) Tj ET Q q 0 0 0 rg BT 150.53 446.45 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 162.93 446.45 Td (the ) Tj ET Q q 0 0 0 rg BT 178.11 446.45 Td (Firm) Tj ET Q q 0 0 0 rg BT 200.33 446.45 Td (s ) Tj ET Q q 0 0 0 rg BT 207.18 446.45 Td (total ) Tj ET Q q 0 0 0 rg BT 227.92 446.45 Td (revenues ) Tj ET Q q 0 0 0 rg BT 266.41 446.45 Td (declined ) Tj ET Q q 0 0 0 rg BT 303.24 446.45 Td (5% ) Tj ET Q q 0 0 0 rg BT 319.53 446.45 Td (versus ) Tj ET Q q 0 0 0 rg BT 348.04 446.45 Td (the ) Tj ET Q q 0 0 0 rg BT 363.22 446.45 Td (prior ) Tj ET Q q 0 0 0 rg BT 385.62 446.45 Td (year; ) Tj ET Q q 0 0 0 rg BT 408.56 446.45 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 423.74 446.45 Td (the ) Tj ET Q q 0 0 0 rg BT 438.91 446.45 Td (Firm ) Tj ET Q q 0 0 0 rg BT 461.32 446.45 Td (had ) Tj ET Q q 0 0 0 rg BT 478.72 446.45 Td (increases ) Tj ET Q q 0 0 0 rg BT 518.32 446.45 Td (in ) Tj ET Q q 0 0 0 rg BT 529.06 446.45 Td (both ) Tj ET Q q 0 0 0 rg BT 549.79 446.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 434.45 Td (number ) Tj ET Q q 0 0 0 rg BT 82.61 434.45 Td (of ) Tj ET Q q 0 0 0 rg BT 93.00 434.45 Td (announced ) Tj ET Q q 0 0 0 rg BT 138.38 434.45 Td (deals ) Tj ET Q q 0 0 0 rg BT 160.99 434.45 Td (and ) Tj ET Q q 0 0 0 rg BT 177.49 434.45 Td (total ) Tj ET Q q 0 0 0 rg BT 197.32 434.45 Td (deal ) Tj ET Q q 0 0 0 rg BT 216.04 434.45 Td (volume, ) Tj ET Q q 0 0 0 rg BT 250.60 434.45 Td (with ) Tj ET Q q 0 0 0 rg BT 270.44 434.45 Td (the ) Tj ET Q q 0 0 0 rg BT 284.72 434.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 318.42 434.45 Td (outcome ) Tj ET Q q 0 0 0 rg BT 354.92 434.45 Td (lar) Tj ET Q q 0 0 0 rg BT 365.29 434.45 Td (gely ) Tj ET Q q 0 0 0 rg BT 384.56 434.45 Td (due ) Tj ET Q q 0 0 0 rg BT 401.07 434.45 Td (to ) Tj ET Q q 0 0 0 rg BT 410.91 434.45 Td (the ) Tj ET Q q 0 0 0 rg BT 425.18 434.45 Td (timing ) Tj ET Q q 0 0 0 rg BT 453.36 434.45 Td (of ) Tj ET Q q 0 0 0 rg BT 463.75 434.45 Td (transaction ) Tj ET Q q 0 0 0 rg BT 509.69 434.45 Td (closings, ) Tj ET Q q 0 0 0 rg BT 547.03 434.45 Td (\(iii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 422.45 Td (the ) Tj ET Q q 0 0 0 rg BT 64.84 422.45 Td (Firm ) Tj ET Q q 0 0 0 rg BT 86.91 422.45 Td (again ) Tj ET Q q 0 0 0 rg BT 111.19 422.45 Td (achieved ) Tj ET Q q 0 0 0 rg BT 149.34 422.45 Td (its ) Tj ET Q q 0 0 0 rg BT 161.41 422.45 Td (long-term ) Tj ET Q q 0 0 0 rg BT 203.47 422.45 Td (objective ) Tj ET Q q 0 0 0 rg BT 242.74 422.45 Td (of ) Tj ET Q q 0 0 0 rg BT 253.69 422.45 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 304.08 422.45 Td (a ) Tj ET Q q 0 0 0 rg BT 311.14 422.45 Td (strong ) Tj ET Q q 0 0 0 rg BT 338.76 422.45 Td (dividend; ) Tj ET Q q 0 0 0 rg BT 379.16 422.45 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 396.22 422.45 Td (the ) Tj ET Q q 0 0 0 rg BT 411.06 422.45 Td (Firm) Tj ET Q q 0 0 0 rg BT 433.29 422.45 Td (s ) Tj ET Q q 0 0 0 rg BT 439.80 422.45 Td (pretax ) Tj ET Q q 0 0 0 rg BT 467.41 422.45 Td (profit ) Tj ET Q q 0 0 0 rg BT 492.25 422.45 Td (mar) Tj ET Q q 0 0 0 rg BT 507.61 422.45 Td (gin ) Tj ET Q q 0 0 0 rg BT 523.01 422.45 Td (was ) Tj ET Q q 0 0 0 rg BT 541.19 422.45 Td (17%, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 410.45 Td (which ) Tj ET Q q 0 0 0 rg BT 76.48 410.45 Td (is ) Tj ET Q q 0 0 0 rg BT 85.20 410.45 Td (below ) Tj ET Q q 0 0 0 rg BT 111.68 410.45 Td (our ) Tj ET Q q 0 0 0 rg BT 127.06 410.45 Td (historic ) Tj ET Q q 0 0 0 rg BT 159.10 410.45 Td (levels; ) Tj ET Q q 0 0 0 rg BT 187.25 410.45 Td (and ) Tj ET Q q 0 0 0 rg BT 203.73 410.45 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 217.43 410.45 Td (the ) Tj ET Q q 0 0 0 rg BT 231.70 410.45 Td (Firm) Tj ET Q q 0 0 0 rg BT 253.92 410.45 Td (s ) Tj ET Q q 0 0 0 rg BT 259.86 410.45 Td (share ) Tj ET Q q 0 0 0 rg BT 283.00 410.45 Td (price ) Tj ET Q q 0 0 0 rg BT 305.03 410.45 Td (fell ) Tj ET Q q 0 0 0 rg BT 320.40 410.45 Td (34% ) Tj ET Q q 0 0 0 rg BT 340.78 410.45 Td (over ) Tj ET Q q 0 0 0 rg BT 360.59 410.45 Td (the ) Tj ET Q q 0 0 0 rg BT 374.85 410.45 Td (course ) Tj ET Q q 0 0 0 rg BT 403.00 410.45 Td (of ) Tj ET Q q 0 0 0 rg BT 413.37 410.45 Td (the ) Tj ET Q q 0 0 0 rg BT 427.63 410.45 Td (calendar ) Tj ET Q q 0 0 0 rg BT 463.54 410.45 Td (year) Tj ET Q q 0 0 0 rg BT 480.20 410.45 Td (. ) Tj ET Q q 0 0 0 rg BT 484.74 410.45 Td ( ) Tj ET Q q 0 0 0 rg BT 486.64 410.45 Td (The ) Tj ET Q q 0 0 0 rg BT 504.23 410.45 Td (Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 98.07 398.45 Td (also ) Tj ET Q q 0 0 0 rg BT 117.81 398.45 Td (took ) Tj ET Q q 0 0 0 rg BT 139.22 398.45 Td (note, ) Tj ET Q q 0 0 0 rg BT 162.57 398.45 Td (with ) Tj ET Q q 0 0 0 rg BT 183.98 398.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 215.93 398.45 Td (to ) Tj ET Q q 0 0 0 rg BT 227.34 398.45 Td (those ) Tj ET Q q 0 0 0 rg BT 252.08 398.45 Td (named ) Tj ET Q q 0 0 0 rg BT 282.36 398.45 Td (executive ) Tj ET Q q 0 0 0 rg BT 324.31 398.45 Td (of) Tj ET Q q 0 0 0 rg BT 332.46 398.45 Td (ficers ) Tj ET Q q 0 0 0 rg BT 358.29 398.45 Td (who ) Tj ET Q q 0 0 0 rg BT 379.15 398.45 Td (are ) Tj ET Q q 0 0 0 rg BT 394.99 398.45 Td (actively ) Tj ET Q q 0 0 0 rg BT 430.27 398.45 Td (involved ) Tj ET Q q 0 0 0 rg BT 468.90 398.45 Td (in ) Tj ET Q q 0 0 0 rg BT 480.31 398.45 Td (advising ) Tj ET Q q 0 0 0 rg BT 517.83 398.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 547.56 398.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.45 Td (generating ) Tj ET Q q 0 0 0 rg BT 95.62 386.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 130.68 386.45 Td (\(our ) Tj ET Q q 0 0 0 rg BT 150.76 386.45 Td (Chief ) Tj ET Q q 0 0 0 rg BT 176.40 386.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 219.79 386.45 Td (Of) Tj ET Q q 0 0 0 rg BT 230.17 386.45 Td (ficer) Tj ET Q q 0 0 0 rg BT 248.08 386.45 Td (, ) Tj ET Q q 0 0 0 rg BT 254.00 386.45 Td (Presidents ) Tj ET Q q 0 0 0 rg BT 298.53 386.45 Td (and ) Tj ET Q q 0 0 0 rg BT 316.38 386.45 Td (Chief ) Tj ET Q q 0 0 0 rg BT 342.02 386.45 Td (Financial ) Tj ET Q q 0 0 0 rg BT 382.65 386.45 Td (Of) Tj ET Q q 0 0 0 rg BT 393.02 386.45 Td (ficer\), ) Tj ET Q q 0 0 0 rg BT 420.58 386.45 Td (of ) Tj ET Q q 0 0 0 rg BT 432.33 386.45 Td (their ) Tj ET Q q 0 0 0 rg BT 454.07 386.45 Td (individual ) Tj ET Q q 0 0 0 rg BT 498.04 386.45 Td (contributions ) Tj ET Q q 0 0 0 rg BT 554.23 386.45 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 374.45 Td (building ) Tj ET Q q 0 0 0 rg BT 85.83 374.45 Td (client ) Tj ET Q q 0 0 0 rg BT 110.55 374.45 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 166.65 374.45 Td (winning ) Tj ET Q q 0 0 0 rg BT 201.93 374.45 Td (assignments, ) Tj ET Q q 0 0 0 rg BT 255.82 374.45 Td (executing ) Tj ET Q q 0 0 0 rg BT 297.19 374.45 Td (transactions ) Tj ET Q q 0 0 0 rg BT 347.45 374.45 Td (and ) Tj ET Q q 0 0 0 rg BT 364.39 374.45 Td (generating ) Tj ET Q q 0 0 0 rg BT 409.09 374.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 443.24 374.45 Td (for ) Tj ET Q q 0 0 0 rg BT 457.40 374.45 Td (the ) Tj ET Q q 0 0 0 rg BT 472.11 374.45 Td (Firm.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 353.45 Td (W) Tj ET Q q 0 0 0 rg BT 72.54 353.45 Td (ith ) Tj ET Q q 0 0 0 rg BT 85.56 353.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 116.34 353.45 Td (to ) Tj ET Q q 0 0 0 rg BT 126.59 353.45 Td (our ) Tj ET Q q 0 0 0 rg BT 142.39 353.45 Td (Chief ) Tj ET Q q 0 0 0 rg BT 167.07 353.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 209.52 353.45 Td (Of) Tj ET Q q 0 0 0 rg BT 219.89 353.45 Td (ficer) Tj ET Q q 0 0 0 rg BT 237.81 353.45 Td (, ) Tj ET Q q 0 0 0 rg BT 242.77 353.45 Td (in ) Tj ET Q q 0 0 0 rg BT 253.02 353.45 Td (particular) Tj ET Q q 0 0 0 rg BT 290.93 353.45 Td (, ) Tj ET Q q 0 0 0 rg BT 295.90 353.45 Td (the ) Tj ET Q q 0 0 0 rg BT 310.58 353.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 370.82 353.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 417.73 353.45 Td (determined ) Tj ET Q q 0 0 0 rg BT 465.17 353.45 Td (his ) Tj ET Q q 0 0 0 rg BT 479.31 353.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 537.32 353.45 Td (on ) Tj ET Q q 0 0 0 rg BT 549.79 353.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.45 Td (merits ) Tj ET Q q 0 0 0 rg BT 77.05 341.45 Td (of ) Tj ET Q q 0 0 0 rg BT 87.43 341.45 Td (his ) Tj ET Q q 0 0 0 rg BT 101.16 341.45 Td (performance ) Tj ET Q q 0 0 0 rg BT 153.74 341.45 Td (as ) Tj ET Q q 0 0 0 rg BT 164.12 341.45 Td (an ) Tj ET Q q 0 0 0 rg BT 175.61 341.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 221.55 341.45 Td (banker ) Tj ET Q q 0 0 0 rg BT 250.81 341.45 Td (and ) Tj ET Q q 0 0 0 rg BT 267.31 341.45 Td (as ) Tj ET Q q 0 0 0 rg BT 277.69 341.45 Td (an ) Tj ET Q q 0 0 0 rg BT 289.18 341.45 Td (executive ) Tj ET Q q 0 0 0 rg BT 329.55 341.45 Td (in ) Tj ET Q q 0 0 0 rg BT 339.38 341.45 Td (relation ) Tj ET Q q 0 0 0 rg BT 371.98 341.45 Td (to ) Tj ET Q q 0 0 0 rg BT 381.81 341.45 Td (the ) Tj ET Q q 0 0 0 rg BT 396.08 341.45 Td (Firm) Tj ET Q q 0 0 0 rg BT 418.31 341.45 Td (s ) Tj ET Q q 0 0 0 rg BT 424.26 341.45 Td (overall ) Tj ET Q q 0 0 0 rg BT 454.07 341.45 Td (results. ) Tj ET Q q 0 0 0 rg BT 484.74 341.45 Td ( ) Tj ET Q q 0 0 0 rg BT 486.64 341.45 Td (The ) Tj ET Q q 0 0 0 rg BT 504.24 341.45 Td (Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 329.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 97.12 329.45 Td (noted ) Tj ET Q q 0 0 0 rg BT 122.01 329.45 Td (that, ) Tj ET Q q 0 0 0 rg BT 142.19 329.45 Td (with ) Tj ET Q q 0 0 0 rg BT 162.65 329.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 193.64 329.45 Td (to ) Tj ET Q q 0 0 0 rg BT 204.10 329.45 Td (his ) Tj ET Q q 0 0 0 rg BT 218.45 329.45 Td (management ) Tj ET Q q 0 0 0 rg BT 272.22 329.45 Td (responsibilities, ) Tj ET Q q 0 0 0 rg BT 337.95 329.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 349.62 329.45 Td (. ) Tj ET Q q 0 0 0 rg BT 354.80 329.45 Td (Bok ) Tj ET Q q 0 0 0 rg BT 374.15 329.45 Td (led ) Tj ET Q q 0 0 0 rg BT 389.05 329.45 Td (the ) Tj ET Q q 0 0 0 rg BT 403.94 329.45 Td (Firm's ) Tj ET Q q 0 0 0 rg BT 431.76 329.45 Td (successful ) Tj ET Q q 0 0 0 rg BT 475.54 329.45 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 522.10 329.45 Td (of ) Tj ET Q q 0 0 0 rg BT 533.11 329.45 Td (Cogent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.45 Td (Partners ) Tj ET Q q 0 0 0 rg BT 85.08 317.45 Td (and ) Tj ET Q q 0 0 0 rg BT 101.83 317.45 Td (played ) Tj ET Q q 0 0 0 rg BT 130.80 317.45 Td (an ) Tj ET Q q 0 0 0 rg BT 142.54 317.45 Td (instrumental ) Tj ET Q q 0 0 0 rg BT 194.85 317.45 Td (role ) Tj ET Q q 0 0 0 rg BT 212.70 317.45 Td (in ) Tj ET Q q 0 0 0 rg BT 222.79 317.45 Td (managing ) Tj ET Q q 0 0 0 rg BT 264.54 317.45 Td (the ) Tj ET Q q 0 0 0 rg BT 279.07 317.45 Td (Firm) Tj ET Q q 0 0 0 rg BT 301.29 317.45 Td (s ) Tj ET Q q 0 0 0 rg BT 307.50 317.45 Td (cost ) Tj ET Q q 0 0 0 rg BT 325.91 317.45 Td (structure ) Tj ET Q q 0 0 0 rg BT 363.21 317.45 Td (such ) Tj ET Q q 0 0 0 rg BT 383.85 317.45 Td (that ) Tj ET Q q 0 0 0 rg BT 401.16 317.45 Td (it ) Tj ET Q q 0 0 0 rg BT 409.03 317.45 Td (again ) Tj ET Q q 0 0 0 rg BT 432.99 317.45 Td (achieved ) Tj ET Q q 0 0 0 rg BT 470.84 317.45 Td (a ) Tj ET Q q 0 0 0 rg BT 477.58 317.45 Td (leading ) Tj ET Q q 0 0 0 rg BT 509.33 317.45 Td (profit ) Tj ET Q q 0 0 0 rg BT 533.86 317.45 Td (mar) Tj ET Q q 0 0 0 rg BT 549.22 317.45 Td (gin ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.45 Td (among ) Tj ET Q q 0 0 0 rg BT 79.36 305.45 Td (our ) Tj ET Q q 0 0 0 rg BT 94.83 305.45 Td (peers ) Tj ET Q q 0 0 0 rg BT 118.07 305.45 Td (and ) Tj ET Q q 0 0 0 rg BT 134.65 305.45 Td (maintained ) Tj ET Q q 0 0 0 rg BT 181.23 305.45 Td (its ) Tj ET Q q 0 0 0 rg BT 192.82 305.45 Td (strong ) Tj ET Q q 0 0 0 rg BT 219.96 305.45 Td (dividend. ) Tj ET Q q 0 0 0 rg BT 259.60 305.45 Td ( ) Tj ET Q q 0 0 0 rg BT 261.74 305.45 Td (In ) Tj ET Q q 0 0 0 rg BT 272.21 305.45 Td (addition, ) Tj ET Q q 0 0 0 rg BT 309.63 305.45 Td (the ) Tj ET Q q 0 0 0 rg BT 323.99 305.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 383.90 305.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 430.48 305.45 Td (noted ) Tj ET Q q 0 0 0 rg BT 454.84 305.45 Td (that ) Tj ET Q q 0 0 0 rg BT 471.98 305.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 483.65 305.45 Td (. ) Tj ET Q q 0 0 0 rg BT 488.29 305.45 Td (Bok ) Tj ET Q q 0 0 0 rg BT 507.11 305.45 Td (has ) Tj ET Q q 0 0 0 rg BT 522.58 305.45 Td (continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.45 Td (to ) Tj ET Q q 0 0 0 rg BT 60.30 293.45 Td (maintain ) Tj ET Q q 0 0 0 rg BT 97.82 293.45 Td (strong ) Tj ET Q q 0 0 0 rg BT 125.34 293.45 Td (and ) Tj ET Q q 0 0 0 rg BT 142.30 293.45 Td (productive ) Tj ET Q q 0 0 0 rg BT 187.59 293.45 Td (relationships ) Tj ET Q q 0 0 0 rg BT 241.22 293.45 Td (with ) Tj ET Q q 0 0 0 rg BT 261.52 293.45 Td (the ) Tj ET Q q 0 0 0 rg BT 276.26 293.45 Td (Firm) Tj ET Q q 0 0 0 rg BT 298.49 293.45 Td (s ) Tj ET Q q 0 0 0 rg BT 304.91 293.45 Td (regional ) Tj ET Q q 0 0 0 rg BT 340.20 293.45 Td (and ) Tj ET Q q 0 0 0 rg BT 357.16 293.45 Td (industry ) Tj ET Q q 0 0 0 rg BT 392.46 293.45 Td (sector ) Tj ET Q q 0 0 0 rg BT 418.86 293.45 Td (leaders ) Tj ET Q q 0 0 0 rg BT 449.70 293.45 Td (around ) Tj ET Q q 0 0 0 rg BT 480.00 293.45 Td (the ) Tj ET Q q 0 0 0 rg BT 494.74 293.45 Td (world, ) Tj ET Q q 0 0 0 rg BT 523.09 293.45 Td (as ) Tj ET Q q 0 0 0 rg BT 533.95 293.45 Td (well ) Tj ET Q q 0 0 0 rg BT 553.69 293.45 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.45 Td (with ) Tj ET Q q 0 0 0 rg BT 70.06 281.45 Td (stockholders, ) Tj ET Q q 0 0 0 rg BT 125.39 281.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 171.56 281.45 Td (analysts, ) Tj ET Q q 0 0 0 rg BT 208.55 281.45 Td (the ) Tj ET Q q 0 0 0 rg BT 223.05 281.45 Td (press ) Tj ET Q q 0 0 0 rg BT 245.89 281.45 Td (and ) Tj ET Q q 0 0 0 rg BT 262.61 281.45 Td (other ) Tj ET Q q 0 0 0 rg BT 285.44 281.45 Td (relevant ) Tj ET Q q 0 0 0 rg BT 319.92 281.45 Td (constituencies. ) Tj ET Q q 0 0 0 rg BT 381.36 281.45 Td ( ) Tj ET Q q 0 0 0 rg BT 383.48 281.45 Td (W) Tj ET Q q 0 0 0 rg BT 392.51 281.45 Td (ith ) Tj ET Q q 0 0 0 rg BT 405.35 281.45 Td (respect ) Tj ET Q q 0 0 0 rg BT 435.95 281.45 Td (to ) Tj ET Q q 0 0 0 rg BT 446.01 281.45 Td (his ) Tj ET Q q 0 0 0 rg BT 459.96 281.45 Td (client ) Tj ET Q q 0 0 0 rg BT 484.46 281.45 Td (responsibilities, ) Tj ET Q q 0 0 0 rg BT 549.79 281.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 110.57 269.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 157.80 269.45 Td (noted ) Tj ET Q q 0 0 0 rg BT 182.81 269.45 Td (that ) Tj ET Q q 0 0 0 rg BT 200.60 269.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 212.27 269.45 Td (. ) Tj ET Q q 0 0 0 rg BT 217.57 269.45 Td (Bok ) Tj ET Q q 0 0 0 rg BT 237.03 269.45 Td (had ) Tj ET Q q 0 0 0 rg BT 254.26 269.45 Td (initiated ) Tj ET Q q 0 0 0 rg BT 289.83 269.45 Td (and ) Tj ET Q q 0 0 0 rg BT 307.06 269.45 Td (led ) Tj ET Q q 0 0 0 rg BT 322.07 269.45 Td (the ) Tj ET Q q 0 0 0 rg BT 337.08 269.45 Td (Firm) Tj ET Q q 0 0 0 rg BT 359.31 269.45 Td (s ) Tj ET Q q 0 0 0 rg BT 365.99 269.45 Td (ef) Tj ET Q q 0 0 0 rg BT 373.58 269.45 Td (forts ) Tj ET Q q 0 0 0 rg BT 394.71 269.45 Td (on ) Tj ET Q q 0 0 0 rg BT 407.50 269.45 Td (some ) Tj ET Q q 0 0 0 rg BT 431.40 269.45 Td (of ) Tj ET Q q 0 0 0 rg BT 442.53 269.45 Td (its ) Tj ET Q q 0 0 0 rg BT 454.77 269.45 Td (most ) Tj ET Q q 0 0 0 rg BT 477.01 269.45 Td (important ) Tj ET Q q 0 0 0 rg BT 518.69 269.45 Td (announced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 257.45 Td (transactions ) Tj ET Q q 0 0 0 rg BT 100.39 257.45 Td (for ) Tj ET Q q 0 0 0 rg BT 114.68 257.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 143.41 257.45 Td (in ) Tj ET Q q 0 0 0 rg BT 153.82 257.45 Td (2015, ) Tj ET Q q 0 0 0 rg BT 178.95 257.45 Td (and ) Tj ET Q q 0 0 0 rg BT 196.01 257.45 Td (that ) Tj ET Q q 0 0 0 rg BT 213.64 257.45 Td (he ) Tj ET Q q 0 0 0 rg BT 225.71 257.45 Td (played ) Tj ET Q q 0 0 0 rg BT 254.99 257.45 Td (an ) Tj ET Q q 0 0 0 rg BT 267.06 257.45 Td (active ) Tj ET Q q 0 0 0 rg BT 293.56 257.45 Td (role ) Tj ET Q q 0 0 0 rg BT 311.73 257.45 Td (in ) Tj ET Q q 0 0 0 rg BT 322.14 257.45 Td (assisting ) Tj ET Q q 0 0 0 rg BT 359.21 257.45 Td (many ) Tj ET Q q 0 0 0 rg BT 384.06 257.45 Td (of ) Tj ET Q q 0 0 0 rg BT 395.02 257.45 Td (our ) Tj ET Q q 0 0 0 rg BT 410.98 257.45 Td (senior ) Tj ET Q q 0 0 0 rg BT 438.04 257.45 Td (professionals ) Tj ET Q q 0 0 0 rg BT 493.44 257.45 Td (around ) Tj ET Q q 0 0 0 rg BT 523.84 257.45 Td (the ) Tj ET Q q 0 0 0 rg BT 538.68 257.45 Td (world ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 245.45 Td (in ) Tj ET Q q 0 0 0 rg BT 61.31 245.45 Td (advancing ) Tj ET Q q 0 0 0 rg BT 105.94 245.45 Td (their ) Tj ET Q q 0 0 0 rg BT 127.80 245.45 Td (client ) Tj ET Q q 0 0 0 rg BT 153.55 245.45 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 210.69 245.45 Td (winning ) Tj ET Q q 0 0 0 rg BT 247.00 245.45 Td (assignments ) Tj ET Q q 0 0 0 rg BT 299.42 245.45 Td (and ) Tj ET Q q 0 0 0 rg BT 317.40 245.45 Td (executing ) Tj ET Q q 0 0 0 rg BT 359.80 245.45 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 413.60 245.45 Td ( ) Tj ET Q q 0 0 0 rg BT 417.14 245.45 Td (In ) Tj ET Q q 0 0 0 rg BT 429.00 245.45 Td (addition ) Tj ET Q q 0 0 0 rg BT 465.31 245.45 Td (to ) Tj ET Q q 0 0 0 rg BT 476.63 245.45 Td (the ) Tj ET Q q 0 0 0 rg BT 492.38 245.45 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 534.79 245.45 Td (factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 233.45 Td (regarding ) Tj ET Q q 0 0 0 rg BT 90.56 233.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 102.23 233.45 Td (. ) Tj ET Q q 0 0 0 rg BT 106.97 233.45 Td (Bok) Tj ET Q q 0 0 0 rg BT 126.42 233.45 Td (s ) Tj ET Q q 0 0 0 rg BT 132.56 233.45 Td (individual ) Tj ET Q q 0 0 0 rg BT 175.35 233.45 Td (performance ) Tj ET Q q 0 0 0 rg BT 228.12 233.45 Td (as ) Tj ET Q q 0 0 0 rg BT 238.69 233.45 Td (a ) Tj ET Q q 0 0 0 rg BT 245.37 233.45 Td (professional ) Tj ET Q q 0 0 0 rg BT 296.49 233.45 Td (advising ) Tj ET Q q 0 0 0 rg BT 332.62 233.45 Td (Firm ) Tj ET Q q 0 0 0 rg BT 354.32 233.45 Td (clients ) Tj ET Q q 0 0 0 rg BT 382.66 233.45 Td (and ) Tj ET Q q 0 0 0 rg BT 399.35 233.45 Td (his ) Tj ET Q q 0 0 0 rg BT 413.26 233.45 Td (role ) Tj ET Q q 0 0 0 rg BT 431.05 233.45 Td (as ) Tj ET Q q 0 0 0 rg BT 441.62 233.45 Td (CEO ) Tj ET Q q 0 0 0 rg BT 463.87 233.45 Td (in ) Tj ET Q q 0 0 0 rg BT 473.89 233.45 Td (managing ) Tj ET Q q 0 0 0 rg BT 515.57 233.45 Td (the ) Tj ET Q q 0 0 0 rg BT 530.03 233.45 Td (Firm, ) Tj ET Q q 0 0 0 rg BT 554.22 233.45 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 221.45 Td (determining ) Tj ET Q q 0 0 0 rg BT 101.07 221.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 112.74 221.45 Td (. ) Tj ET Q q 0 0 0 rg BT 117.99 221.45 Td (Bok) Tj ET Q q 0 0 0 rg BT 137.44 221.45 Td (s ) Tj ET Q q 0 0 0 rg BT 144.08 221.45 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 204.88 221.45 Td (the ) Tj ET Q q 0 0 0 rg BT 219.85 221.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 280.37 221.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 327.56 221.45 Td (considered ) Tj ET Q q 0 0 0 rg BT 373.63 221.45 Td (the ) Tj ET Q q 0 0 0 rg BT 388.60 221.45 Td (Firm) Tj ET Q q 0 0 0 rg BT 410.82 221.45 Td (s ) Tj ET Q q 0 0 0 rg BT 417.47 221.45 Td (performance ) Tj ET Q q 0 0 0 rg BT 470.74 221.45 Td (in ) Tj ET Q q 0 0 0 rg BT 481.27 221.45 Td (2015 ) Tj ET Q q 0 0 0 rg BT 504.02 221.45 Td (and ) Tj ET Q q 0 0 0 rg BT 521.21 221.45 Td (over ) Tj ET Q q 0 0 0 rg BT 541.73 221.45 Td (time, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.45 Td (and ) Tj ET Q q 0 0 0 rg BT 67.31 209.45 Td (the ) Tj ET Q q 0 0 0 rg BT 82.40 209.45 Td (need ) Tj ET Q q 0 0 0 rg BT 104.15 209.45 Td (to ) Tj ET Q q 0 0 0 rg BT 114.80 209.45 Td (retain ) Tj ET Q q 0 0 0 rg BT 140.44 209.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 152.11 209.45 Td (. ) Tj ET Q q 0 0 0 rg BT 157.49 209.45 Td (Bok) Tj ET Q q 0 0 0 rg BT 176.93 209.45 Td (s ) Tj ET Q q 0 0 0 rg BT 183.70 209.45 Td (services ) Tj ET Q q 0 0 0 rg BT 218.78 209.45 Td (as ) Tj ET Q q 0 0 0 rg BT 229.98 209.45 Td (Chief ) Tj ET Q q 0 0 0 rg BT 255.07 209.45 Td (Executive ) Tj ET Q q 0 0 0 rg BT 297.93 209.45 Td (Of) Tj ET Q q 0 0 0 rg BT 308.30 209.45 Td (ficer ) Tj ET Q q 0 0 0 rg BT 329.49 209.45 Td (of ) Tj ET Q q 0 0 0 rg BT 340.69 209.45 Td (the ) Tj ET Q q 0 0 0 rg BT 355.78 209.45 Td (Firm. ) Tj ET Q q 0 0 0 rg BT 380.60 209.45 Td ( ) Tj ET Q q 0 0 0 rg BT 383.48 209.45 Td (In ) Tj ET Q q 0 0 0 rg BT 394.68 209.45 Td (light ) Tj ET Q q 0 0 0 rg BT 415.89 209.45 Td (of ) Tj ET Q q 0 0 0 rg BT 427.09 209.45 Td (the ) Tj ET Q q 0 0 0 rg BT 442.18 209.45 Td (Firm's ) Tj ET Q q 0 0 0 rg BT 470.20 209.45 Td (overall ) Tj ET Q q 0 0 0 rg BT 500.83 209.45 Td (performance ) Tj ET Q q 0 0 0 rg BT 554.23 209.45 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.45 Td (2015, ) Tj ET Q q 0 0 0 rg BT 73.98 197.45 Td (the ) Tj ET Q q 0 0 0 rg BT 87.68 197.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 146.93 197.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 192.85 197.45 Td (determined ) Tj ET Q q 0 0 0 rg BT 239.31 197.45 Td (that ) Tj ET Q q 0 0 0 rg BT 255.79 197.45 Td (an ) Tj ET Q q 0 0 0 rg BT 266.71 197.45 Td (overall ) Tj ET Q q 0 0 0 rg BT 295.95 197.45 Td (reduction ) Tj ET Q q 0 0 0 rg BT 335.20 197.45 Td (in ) Tj ET Q q 0 0 0 rg BT 344.46 197.45 Td (Mr) Tj ET Q q 0 0 0 rg BT 356.13 197.45 Td (. ) Tj ET Q q 0 0 0 rg BT 360.11 197.45 Td (Bok) Tj ET Q q 0 0 0 rg BT 379.56 197.45 Td (s ) Tj ET Q q 0 0 0 rg BT 384.93 197.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 441.95 197.45 Td (for ) Tj ET Q q 0 0 0 rg BT 455.09 197.45 Td (2015 ) Tj ET Q q 0 0 0 rg BT 476.57 197.45 Td (would ) Tj ET Q q 0 0 0 rg BT 503.06 197.45 Td (be ) Tj ET Q q 0 0 0 rg BT 513.98 197.45 Td (appropriate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.45 Td (notwithstanding ) Tj ET Q q 0 0 0 rg BT 116.94 185.45 Td (his ) Tj ET Q q 0 0 0 rg BT 131.11 185.45 Td (strong ) Tj ET Q q 0 0 0 rg BT 158.61 185.45 Td (individual ) Tj ET Q q 0 0 0 rg BT 201.67 185.45 Td (performance. ) Tj ET Q q 0 0 0 rg BT 257.19 185.45 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 164.45 Td (Independent ) Tj ET Q q 0 0 0 rg BT 119.36 164.45 Td (Consultant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.59 164.45 Td (. ) Tj ET Q q 0 0 0 rg BT 171.05 164.45 Td ( ) Tj ET Q q 0 0 0 rg BT 172.86 164.45 Td (The ) Tj ET Q q 0 0 0 rg BT 190.36 164.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 250.08 164.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 296.47 164.45 Td (has ) Tj ET Q q 0 0 0 rg BT 311.76 164.45 Td (the ) Tj ET Q q 0 0 0 rg BT 325.92 164.45 Td (authority ) Tj ET Q q 0 0 0 rg BT 363.98 164.45 Td (to ) Tj ET Q q 0 0 0 rg BT 373.71 164.45 Td (retain ) Tj ET Q q 0 0 0 rg BT 398.43 164.45 Td (and ) Tj ET Q q 0 0 0 rg BT 414.82 164.45 Td (terminate ) Tj ET Q q 0 0 0 rg BT 454.53 164.45 Td (a ) Tj ET Q q 0 0 0 rg BT 460.92 164.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 518.41 164.45 Td (consultant, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 152.45 Td (and ) Tj ET Q q 0 0 0 rg BT 67.07 152.45 Td (to ) Tj ET Q q 0 0 0 rg BT 77.47 152.45 Td (approve ) Tj ET Q q 0 0 0 rg BT 112.30 152.45 Td (the ) Tj ET Q q 0 0 0 rg BT 127.15 152.45 Td (consultant) Tj ET Q q 0 0 0 rg BT 171.03 152.45 Td (s ) Tj ET Q q 0 0 0 rg BT 177.55 152.45 Td (fees ) Tj ET Q q 0 0 0 rg BT 196.27 152.45 Td (and ) Tj ET Q q 0 0 0 rg BT 213.34 152.45 Td (all ) Tj ET Q q 0 0 0 rg BT 225.96 152.45 Td (other ) Tj ET Q q 0 0 0 rg BT 249.14 152.45 Td (terms ) Tj ET Q q 0 0 0 rg BT 273.98 152.45 Td (of ) Tj ET Q q 0 0 0 rg BT 284.94 152.45 Td (its ) Tj ET Q q 0 0 0 rg BT 297.01 152.45 Td (engagement. ) Tj ET Q q 0 0 0 rg BT 350.45 152.45 Td ( ) Tj ET Q q 0 0 0 rg BT 353.08 152.45 Td (During ) Tj ET Q q 0 0 0 rg BT 384.03 152.45 Td (2015, ) Tj ET Q q 0 0 0 rg BT 409.16 152.45 Td (the ) Tj ET Q q 0 0 0 rg BT 424.00 152.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 484.40 152.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 531.47 152.45 Td (directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 140.45 Td (retained ) Tj ET Q q 0 0 0 rg BT 87.28 140.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 149.01 140.45 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 191.31 140.45 Td (Partners ) Tj ET Q q 0 0 0 rg BT 229.15 140.45 Td (LLC ) Tj ET Q q 0 0 0 rg BT 253.12 140.45 Td (\(CAP\) ) Tj ET Q q 0 0 0 rg BT 293.18 140.45 Td (as ) Tj ET Q q 0 0 0 rg BT 306.59 140.45 Td (its ) Tj ET Q q 0 0 0 rg BT 321.11 140.45 Td (independent ) Tj ET Q q 0 0 0 rg BT 375.06 140.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 435.68 140.45 Td (consultant. ) Tj ET Q q 0 0 0 rg BT 484.36 140.45 Td ( ) Tj ET Q q 0 0 0 rg BT 489.44 140.45 Td (CAP) Tj ET Q q 0 0 0 rg BT 508.52 140.45 Td ( ) Tj ET Q q 0 0 0 rg BT 513.60 140.45 Td (assisted ) Tj ET Q q 0 0 0 rg BT 549.78 140.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 109.22 128.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 155.10 128.45 Td (by ) Tj ET Q q 0 0 0 rg BT 166.54 128.45 Td (preparing ) Tj ET Q q 0 0 0 rg BT 206.30 128.45 Td (analyses ) Tj ET Q q 0 0 0 rg BT 241.63 128.45 Td (and ) Tj ET Q q 0 0 0 rg BT 257.51 128.45 Td (making ) Tj ET Q q 0 0 0 rg BT 288.95 128.45 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 361.48 128.45 Td (to ) Tj ET Q q 0 0 0 rg BT 370.70 128.45 Td (inform ) Tj ET Q q 0 0 0 rg BT 399.37 128.45 Td (the ) Tj ET Q q 0 0 0 rg BT 413.03 128.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 472.24 128.45 Td (Committee) Tj ET Q q 0 0 0 rg BT 519.46 128.45 Td (s ) Tj ET Q q 0 0 0 rg BT 524.80 128.45 Td (decisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.45 Td (related ) Tj ET Q q 0 0 0 rg BT 80.39 116.45 Td (to ) Tj ET Q q 0 0 0 rg BT 91.35 116.45 Td (CEO ) Tj ET Q q 0 0 0 rg BT 114.54 116.45 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 175.77 116.45 Td (in ) Tj ET Q q 0 0 0 rg BT 186.73 116.45 Td (particular ) Tj ET Q q 0 0 0 rg BT 228.23 116.45 Td (with ) Tj ET Q q 0 0 0 rg BT 249.19 116.45 Td (regard ) Tj ET Q q 0 0 0 rg BT 277.92 116.45 Td (to ) Tj ET Q q 0 0 0 rg BT 288.88 116.45 Td (the ) Tj ET Q q 0 0 0 rg BT 304.28 116.45 Td (new ) Tj ET Q q 0 0 0 rg BT 324.13 116.45 Td (PRSU ) Tj ET Q q 0 0 0 rg BT 352.33 116.45 Td (award. ) Tj ET Q q 0 0 0 rg BT 382.44 116.45 Td ( ) Tj ET Q q 0 0 0 rg BT 385.40 116.45 Td (The ) Tj ET Q q 0 0 0 rg BT 404.13 116.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 465.09 116.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 512.72 116.45 Td (assessed ) Tj ET Q q 0 0 0 rg BT 549.78 116.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 104.45 Td (independence ) Tj ET Q q 0 0 0 rg BT 107.27 104.45 Td (of ) Tj ET Q q 0 0 0 rg BT 117.89 104.45 Td (CAP) Tj ET Q q 0 0 0 rg BT 136.97 104.45 Td ( ) Tj ET Q q 0 0 0 rg BT 139.27 104.45 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 176.00 104.45 Td (to ) Tj ET Q q 0 0 0 rg BT 186.07 104.45 Td (SEC ) Tj ET Q q 0 0 0 rg BT 206.71 104.45 Td (and ) Tj ET Q q 0 0 0 rg BT 223.44 104.45 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 251.85 104.45 Td (rules, ) Tj ET Q q 0 0 0 rg BT 276.08 104.45 Td (and ) Tj ET Q q 0 0 0 rg BT 292.82 104.45 Td (concluded ) Tj ET Q q 0 0 0 rg BT 336.21 104.45 Td (that ) Tj ET Q q 0 0 0 rg BT 353.50 104.45 Td (no ) Tj ET Q q 0 0 0 rg BT 365.79 104.45 Td (conflict ) Tj ET Q q 0 0 0 rg BT 398.63 104.45 Td (of ) Tj ET Q q 0 0 0 rg BT 409.25 104.45 Td (interest ) Tj ET Q q 0 0 0 rg BT 440.98 104.45 Td (exists ) Tj ET Q q 0 0 0 rg BT 466.05 104.45 Td (that ) Tj ET Q q 0 0 0 rg BT 483.34 104.45 Td (would ) Tj ET Q q 0 0 0 rg BT 510.64 104.45 Td (prevent ) Tj ET Q q 0 0 0 rg BT 542.92 104.45 Td (CAP) Tj ET Q q 0 0 0 rg BT 562.00 104.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 92.45 Td (from ) Tj ET Q q 0 0 0 rg BT 71.84 92.45 Td (providing ) Tj ET Q q 0 0 0 rg BT 113.13 92.45 Td (independent ) Tj ET Q q 0 0 0 rg BT 164.40 92.45 Td (advice ) Tj ET Q q 0 0 0 rg BT 192.89 92.45 Td (to ) Tj ET Q q 0 0 0 rg BT 203.07 92.45 Td (the ) Tj ET Q q 0 0 0 rg BT 217.69 92.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 277.86 92.45 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 327.20 92.45 Td ( ) Tj ET Q q 0 0 0 rg BT 329.60 92.45 Td (CAP) Tj ET Q q 0 0 0 rg BT 348.68 92.45 Td ( ) Tj ET Q q 0 0 0 rg BT 351.08 92.45 Td (met ) Tj ET Q q 0 0 0 rg BT 368.47 92.45 Td (with ) Tj ET Q q 0 0 0 rg BT 388.65 92.45 Td (the ) Tj ET Q q 0 0 0 rg BT 403.27 92.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 463.44 92.45 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 512.78 92.45 Td (and ) Tj ET Q q 0 0 0 rg BT 529.62 92.45 Td (with ) Tj ET Q q 0 0 0 rg BT 549.80 92.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.45 Td (Committee ) Tj ET Q q 0 0 0 rg BT 96.72 80.45 Td (Chair) Tj ET Q q 0 0 0 rg BT 118.54 80.45 Td (, ) Tj ET Q q 0 0 0 rg BT 123.32 80.45 Td (outside ) Tj ET Q q 0 0 0 rg BT 154.48 80.45 Td (the ) Tj ET Q q 0 0 0 rg BT 168.98 80.45 Td (presence ) Tj ET Q q 0 0 0 rg BT 206.24 80.45 Td (of ) Tj ET Q q 0 0 0 rg BT 216.85 80.45 Td (management ) Tj ET Q q 0 0 0 rg BT 270.21 80.45 Td (and ) Tj ET Q q 0 0 0 rg BT 286.93 80.45 Td (will ) Tj ET Q q 0 0 0 rg BT 304.77 80.45 Td (perform ) Tj ET Q q 0 0 0 rg BT 339.26 80.45 Td (no ) Tj ET Q q 0 0 0 rg BT 351.54 80.45 Td (other ) Tj ET Q q 0 0 0 rg BT 374.37 80.45 Td (services ) Tj ET Q q 0 0 0 rg BT 408.85 80.45 Td (for ) Tj ET Q q 0 0 0 rg BT 422.79 80.45 Td (the ) Tj ET Q q 0 0 0 rg BT 437.29 80.45 Td (Firm ) Tj ET Q q 0 0 0 rg BT 459.02 80.45 Td (without ) Tj ET Q q 0 0 0 rg BT 491.86 80.45 Td (the ) Tj ET Q q 0 0 0 rg BT 506.35 80.45 Td (consent ) Tj ET Q q 0 0 0 rg BT 539.18 80.45 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 80.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.45 Td (Chair ) Tj ET Q q 0 0 0 rg BT 74.72 68.45 Td (of ) Tj ET Q q 0 0 0 rg BT 85.55 68.45 Td (the ) Tj ET Q q 0 0 0 rg BT 100.26 68.45 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 160.54 68.45 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 209.98 68.45 Td ( ) Tj ET Q endstream endobj 105 0 obj <> endobj 106 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (52) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.32 742.25 Td (T) Tj ET Q q 0 0 0 rg BT 78.07 742.25 Td (otal Dir) Tj ET Q q 0 0 0 rg BT 110.94 742.25 Td (ect Compensation) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 721.25 Td (CEO ) Tj ET Q q 0 0 0 rg BT 87.88 721.25 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.56 721.25 Td (. ) Tj ET Q q 0 0 0 rg BT 154.77 721.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.48 721.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 169.15 721.25 Td (. ) Tj ET Q q 0 0 0 rg BT 174.36 721.25 Td (Bok's ) Tj ET Q q 0 0 0 rg BT 199.44 721.25 Td (salary ) Tj ET Q q 0 0 0 rg BT 226.03 721.25 Td (was ) Tj ET Q q 0 0 0 rg BT 244.29 721.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 267.55 721.25 Td (at ) Tj ET Q q 0 0 0 rg BT 277.48 721.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.41 721.25 Td (time ) Tj ET Q q 0 0 0 rg BT 312.90 721.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.94 721.25 Td (our ) Tj ET Q q 0 0 0 rg BT 339.98 721.25 Td (IPO ) Tj ET Q q 0 0 0 rg BT 358.81 721.25 Td (in ) Tj ET Q q 0 0 0 rg BT 369.30 721.25 Td (2004 ) Tj ET Q q 0 0 0 rg BT 392.01 721.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.16 721.25 Td (has ) Tj ET Q q 0 0 0 rg BT 425.20 721.25 Td (not ) Tj ET Q q 0 0 0 rg BT 440.69 721.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 481.16 721.25 Td (since ) Tj ET Q q 0 0 0 rg BT 504.42 721.25 Td (that ) Tj ET Q q 0 0 0 rg BT 522.13 721.25 Td (time. ) Tj ET Q q 0 0 0 rg BT 545.11 721.25 Td ( ) Tj ET Q q 0 0 0 rg BT 547.83 721.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 559.50 721.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (Bok's ) Tj ET Q q 0 0 0 rg BT 74.86 709.25 Td (bonus ) Tj ET Q q 0 0 0 rg BT 101.25 709.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 159.30 709.25 Td (has ) Tj ET Q q 0 0 0 rg BT 175.13 709.25 Td (been ) Tj ET Q q 0 0 0 rg BT 196.50 709.25 Td (in ) Tj ET Q q 0 0 0 rg BT 206.78 709.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.50 709.25 Td (form ) Tj ET Q q 0 0 0 rg BT 243.44 709.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.27 709.25 Td (RSUs, ) Tj ET Q q 0 0 0 rg BT 282.61 709.25 Td (with ) Tj ET Q q 0 0 0 rg BT 302.89 709.25 Td (no ) Tj ET Q q 0 0 0 rg BT 315.39 709.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 335.66 709.25 Td (bonuses ) Tj ET Q q 0 0 0 rg BT 370.38 709.25 Td (paid, ) Tj ET Q q 0 0 0 rg BT 392.60 709.25 Td (for ) Tj ET Q q 0 0 0 rg BT 406.76 709.25 Td (more ) Tj ET Q q 0 0 0 rg BT 429.80 709.25 Td (than ) Tj ET Q q 0 0 0 rg BT 449.52 709.25 Td (five ) Tj ET Q q 0 0 0 rg BT 467.57 709.25 Td (years. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 688.25 Td (The ) Tj ET Q q 0 0 0 rg BT 81.69 688.25 Td (following ) Tj ET Q q 0 0 0 rg BT 123.22 688.25 Td (table ) Tj ET Q q 0 0 0 rg BT 145.29 688.25 Td (shows ) Tj ET Q q 0 0 0 rg BT 172.94 688.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.80 688.25 Td (base ) Tj ET Q q 0 0 0 rg BT 208.21 688.25 Td (salary ) Tj ET Q q 0 0 0 rg BT 234.73 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.81 688.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 291.10 688.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 349.28 688.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 385.79 688.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.21 688.25 Td (our ) Tj ET Q q 0 0 0 rg BT 412.18 688.25 Td (CEO ) Tj ET Q q 0 0 0 rg BT 434.82 688.25 Td (for ) Tj ET Q q 0 0 0 rg BT 449.13 688.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 471.77 688.25 Td (and ) Tj ET Q q 0 0 0 rg BT 488.85 688.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 511.49 688.25 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.08 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.60 676.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 106.89 676.25 Td (it ) Tj ET Q q 0 0 0 rg BT 114.75 676.25 Td (was ) Tj ET Q q 0 0 0 rg BT 132.61 676.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 178.23 676.25 Td (by ) Tj ET Q q 0 0 0 rg BT 190.53 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.05 676.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 265.13 676.25 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 314.20 676.25 Td (This ) Tj ET Q q 0 0 0 rg BT 334.29 676.25 Td (table ) Tj ET Q q 0 0 0 rg BT 356.02 676.25 Td (shows ) Tj ET Q q 0 0 0 rg BT 383.33 676.25 Td (bonus ) Tj ET Q q 0 0 0 rg BT 409.53 676.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 467.37 676.25 Td (in ) Tj ET Q q 0 0 0 rg BT 477.45 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.98 676.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 544.80 676.25 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 664.25 Td (which ) Tj ET Q q 0 0 0 rg BT 87.22 664.25 Td (it ) Tj ET Q q 0 0 0 rg BT 95.27 664.25 Td (relates ) Tj ET Q q 0 0 0 rg BT 123.87 664.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 143.31 664.25 Td (accordingly) Tj ET Q q 0 0 0 rg BT 189.86 664.25 Td (, ) Tj ET Q q 0 0 0 rg BT 194.86 664.25 Td (among ) Tj ET Q q 0 0 0 rg BT 224.58 664.25 Td (other ) Tj ET Q q 0 0 0 rg BT 247.62 664.25 Td (things, ) Tj ET Q q 0 0 0 rg BT 277.07 664.25 Td (dif) Tj ET Q q 0 0 0 rg BT 288.00 664.25 Td (fers ) Tj ET Q q 0 0 0 rg BT 305.49 664.25 Td (from ) Tj ET Q q 0 0 0 rg BT 327.43 664.25 Td (that ) Tj ET Q q 0 0 0 rg BT 344.92 664.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 386.29 664.25 Td (in ) Tj ET Q q 0 0 0 rg BT 396.57 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.29 664.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 452.68 664.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 512.77 664.25 Td (T) Tj ET Q q 0 0 0 rg BT 518.18 664.25 Td (ables.) Tj ET Q 0 0.6901960784313725 0.3137254901960784 rg /GS0 gs 73.00 653.75 64.00 -23.00 re f /GS0 gs 0 0.6901960784313725 0.3137254901960784 rg /GS0 gs 137.00 653.75 80.00 -23.00 re f /GS0 gs 0 0.6901960784313725 0.3137254901960784 rg /GS0 gs 217.00 653.75 75.00 -23.00 re f /GS0 gs 0 0.6901960784313725 0.3137254901960784 rg /GS0 gs 292.00 653.75 85.00 -23.00 re f /GS0 gs 0 0.6901960784313725 0.3137254901960784 rg /GS0 gs 377.00 653.75 83.00 -23.00 re f /GS0 gs 0 0.6901960784313725 0.3137254901960784 rg /GS0 gs 460.00 653.75 78.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73 653.75 m 73 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137 653.75 m 137 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73 653.75 m 137 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73 630.75 m 137 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137 653.75 m 137 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 653.75 m 217 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137 653.75 m 217 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137 630.75 m 217 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 653.75 m 217 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 653.75 m 292 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 653.75 m 292 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 630.75 m 292 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 653.75 m 292 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 653.75 m 377 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 653.75 m 377 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 630.75 m 377 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 653.75 m 377 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 653.75 m 460 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 653.75 m 460 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 630.75 m 460 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 653.75 m 460 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538 653.75 m 538 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 653.75 m 538 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 630.75 m 538 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73 630.75 m 73 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137 630.75 m 137 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73 630.75 m 137 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73 616.75 m 137 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137 630.75 m 137 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 630.75 m 217 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137 630.75 m 217 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137 616.75 m 217 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 630.75 m 217 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 630.75 m 292 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 630.75 m 292 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 616.75 m 292 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 630.75 m 292 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 630.75 m 377 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 630.75 m 377 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 616.75 m 377 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 630.75 m 377 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 630.75 m 460 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 630.75 m 460 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 616.75 m 460 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 630.75 m 460 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538 630.75 m 538 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 630.75 m 538 630.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 616.75 m 538 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73 616.75 m 73 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137 616.75 m 137 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73 616.75 m 137 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 73 602.75 m 137 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137 616.75 m 137 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 616.75 m 217 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137 616.75 m 217 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 137 602.75 m 217 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 616.75 m 217 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 616.75 m 292 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 616.75 m 292 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 217 602.75 m 292 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 616.75 m 292 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 616.75 m 377 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 616.75 m 377 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 292 602.75 m 377 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 616.75 m 377 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 616.75 m 460 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 616.75 m 460 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377 602.75 m 460 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 616.75 m 460 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 538 616.75 m 538 602.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 616.75 m 538 616.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 602.75 m 538 602.75 l s BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 1 1 1 rg BT 94.55 639.98 Td (Year) Tj ET Q BT /F2 10.00 Tf ET q 1 1 1 rg BT 162.60 639.98 Td (Salary) Tj ET Q BT /F2 10.00 Tf ET q 1 1 1 rg BT 228.55 639.98 Td (Cash Bonus) Tj ET Q BT /F2 10.00 Tf ET q 1 1 1 rg BT 301.70 639.98 Td (Deferred RSUs) Tj ET Q BT /F2 10.00 Tf ET q 1 1 1 rg BT 380.90 639.98 Td (Total Annual Pay) Tj ET Q BT /F2 10.00 Tf ET q 1 1 1 rg BT 466.20 644.48 Td (Year-over-Year) Tj ET Q BT /F2 10.00 Tf ET q 1 1 1 rg BT 482.10 634.48 Td (Change) Tj ET Q BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 94.50 621.43 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.75 621.32 Td ($600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 621.32 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 621.32 Td ($1,899,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 621.32 Td ($2,499,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.65 621.32 Td (-23%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.50 607.43 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.75 607.32 Td ($600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.00 607.32 Td ($0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.50 607.32 Td ($2,649,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.50 607.32 Td ($3,249,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 582.25 Td (The ) Tj ET Q q 0 0 0 rg BT 81.25 582.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 106.79 582.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 142.85 582.25 Td (to ) Tj ET Q q 0 0 0 rg BT 152.83 582.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 164.50 582.25 Td (. ) Tj ET Q q 0 0 0 rg BT 169.20 582.25 Td (Bok ) Tj ET Q q 0 0 0 rg BT 188.07 582.25 Td (for ) Tj ET Q q 0 0 0 rg BT 201.93 582.25 Td (his ) Tj ET Q q 0 0 0 rg BT 215.80 582.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 239.65 582.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 261.85 582.25 Td (bonus, ) Tj ET Q q 0 0 0 rg BT 290.44 582.25 Td (at ) Tj ET Q q 0 0 0 rg BT 299.86 582.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 322.60 582.25 Td (\(on ) Tj ET Q q 0 0 0 rg BT 338.13 582.25 Td (February ) Tj ET Q q 0 0 0 rg BT 376.43 582.25 Td (9, ) Tj ET Q q 0 0 0 rg BT 386.13 582.25 Td (2015\), ) Tj ET Q q 0 0 0 rg BT 414.15 582.25 Td (were ) Tj ET Q q 0 0 0 rg BT 435.78 582.25 Td (valued ) Tj ET Q q 0 0 0 rg BT 464.64 582.25 Td (at ) Tj ET Q q 0 0 0 rg BT 474.05 582.25 Td ($2,649,000. ) Tj ET Q q 0 0 0 rg BT 523.75 582.25 Td ( ) Tj ET Q q 0 0 0 rg BT 525.95 582.25 Td (One ) Tj ET Q q 0 0 0 rg BT 544.81 582.25 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 570.25 Td (after ) Tj ET Q q 0 0 0 rg BT 71.26 570.25 Td (grant, ) Tj ET Q q 0 0 0 rg BT 97.25 570.25 Td (well ) Tj ET Q q 0 0 0 rg BT 117.41 570.25 Td (before ) Tj ET Q q 0 0 0 rg BT 145.89 570.25 Td (any ) Tj ET Q q 0 0 0 rg BT 163.28 570.25 Td (of ) Tj ET Q q 0 0 0 rg BT 174.55 570.25 Td (these ) Tj ET Q q 0 0 0 rg BT 198.04 570.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 224.33 570.25 Td (had ) Tj ET Q q 0 0 0 rg BT 241.71 570.25 Td (vested, ) Tj ET Q q 0 0 0 rg BT 272.71 570.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.87 570.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 314.16 570.25 Td (had ) Tj ET Q q 0 0 0 rg BT 331.54 570.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 373.90 570.25 Td (in ) Tj ET Q q 0 0 0 rg BT 384.62 570.25 Td (value ) Tj ET Q q 0 0 0 rg BT 409.22 570.25 Td (-35.2% ) Tj ET Q q 0 0 0 rg BT 441.32 570.25 Td (to ) Tj ET Q q 0 0 0 rg BT 452.05 570.25 Td ($1,715,726. ) Tj ET Q q 0 0 0 rg BT 502.49 570.25 Td ( ) Tj ET Q q 0 0 0 rg BT 505.43 570.25 Td (Providing ) Tj ET Q q 0 0 0 rg BT 547.83 570.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 559.50 570.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 558.25 Td (Bok's ) Tj ET Q q 0 0 0 rg BT 74.86 558.25 Td (bonus ) Tj ET Q q 0 0 0 rg BT 101.25 558.25 Td (in ) Tj ET Q q 0 0 0 rg BT 111.53 558.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 139.03 558.25 Td (rather ) Tj ET Q q 0 0 0 rg BT 164.84 558.25 Td (than ) Tj ET Q q 0 0 0 rg BT 184.56 558.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 204.83 558.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 237.87 558.25 Td (aligned ) Tj ET Q q 0 0 0 rg BT 269.80 558.25 Td (nearly ) Tj ET Q q 0 0 0 rg BT 297.29 558.25 Td (all ) Tj ET Q q 0 0 0 rg BT 309.79 558.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.62 558.25 Td (his ) Tj ET Q q 0 0 0 rg BT 334.79 558.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 392.83 558.25 Td (with ) Tj ET Q q 0 0 0 rg BT 413.11 558.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.82 558.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 463.65 558.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.48 558.25 Td (our ) Tj ET Q q 0 0 0 rg BT 490.31 558.25 Td (stockholders.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 537.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 126.98 537.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.11 537.25 Td (Other) Tj ET Q q 0 0 0 rg BT 162.48 537.25 Td ( ) Tj ET Q q 0 0 0 rg BT 164.28 537.25 Td (Named ) Tj ET Q q 0 0 0 rg BT 196.64 537.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 240.09 537.25 Td (Officers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.52 537.25 Td (. ) Tj ET Q q 0 0 0 rg BT 278.82 537.25 Td ( ) Tj ET Q q 0 0 0 rg BT 280.49 537.25 Td (W) Tj ET Q q 0 0 0 rg BT 289.53 537.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 301.89 537.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 332.01 537.25 Td (to ) Tj ET Q q 0 0 0 rg BT 341.59 537.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.61 537.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 412.96 537.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.09 537.25 Td (our ) Tj ET Q q 0 0 0 rg BT 438.22 537.25 Td (other ) Tj ET Q q 0 0 0 rg BT 460.57 537.25 Td (named ) Tj ET Q q 0 0 0 rg BT 489.03 537.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 529.15 537.25 Td (of) Tj ET Q q 0 0 0 rg BT 537.30 537.25 Td (ficers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 525.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.98 525.25 Td (set ) Tj ET Q q 0 0 0 rg BT 74.75 525.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 96.84 525.25 Td (below) Tj ET Q q 0 0 0 rg BT 120.63 525.25 Td (, ) Tj ET Q q 0 0 0 rg BT 125.78 525.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 137.45 525.25 Td (. ) Tj ET Q q 0 0 0 rg BT 142.60 525.25 Td (Bok) Tj ET Q q 0 0 0 rg BT 162.05 525.25 Td (s ) Tj ET Q q 0 0 0 rg BT 168.60 525.25 Td (recommendations ) Tj ET Q q 0 0 0 rg BT 242.34 525.25 Td (to ) Tj ET Q q 0 0 0 rg BT 252.77 525.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.64 525.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 328.07 525.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 375.16 525.25 Td (focused ) Tj ET Q q 0 0 0 rg BT 408.92 525.25 Td (on ) Tj ET Q q 0 0 0 rg BT 421.57 525.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.44 525.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 469.07 525.25 Td (importance ) Tj ET Q q 0 0 0 rg BT 516.71 525.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.69 525.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.56 525.25 Td (roles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 513.25 Td (played ) Tj ET Q q 0 0 0 rg BT 79.98 513.25 Td (by ) Tj ET Q q 0 0 0 rg BT 93.30 513.25 Td (such ) Tj ET Q q 0 0 0 rg BT 114.96 513.25 Td (of) Tj ET Q q 0 0 0 rg BT 123.11 513.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 148.64 513.25 Td (and ) Tj ET Q q 0 0 0 rg BT 166.40 513.25 Td (their ) Tj ET Q q 0 0 0 rg BT 188.05 513.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 219.14 513.25 Td (contributions ) Tj ET Q q 0 0 0 rg BT 275.24 513.25 Td (to ) Tj ET Q q 0 0 0 rg BT 286.34 513.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.88 513.25 Td (Firm, ) Tj ET Q q 0 0 0 rg BT 327.15 513.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 370.75 513.25 Td (where ) Tj ET Q q 0 0 0 rg BT 398.50 513.25 Td (relevant, ) Tj ET Q q 0 0 0 rg BT 436.53 513.25 Td (their ) Tj ET Q q 0 0 0 rg BT 458.18 513.25 Td (roles ) Tj ET Q q 0 0 0 rg BT 480.94 513.25 Td (in ) Tj ET Q q 0 0 0 rg BT 492.04 513.25 Td (developing ) Tj ET Q q 0 0 0 rg BT 539.80 513.25 Td (client ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 501.25 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 105.26 501.25 Td (executing ) Tj ET Q q 0 0 0 rg BT 145.79 501.25 Td (client ) Tj ET Q q 0 0 0 rg BT 169.67 501.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 223.53 501.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.62 501.25 Td (generating ) Tj ET Q q 0 0 0 rg BT 283.49 501.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 316.79 501.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 335.39 501.25 Td (in ) Tj ET Q q 0 0 0 rg BT 344.83 501.25 Td (all ) Tj ET Q q 0 0 0 rg BT 356.48 501.25 Td (cases, ) Tj ET Q q 0 0 0 rg BT 381.74 501.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.61 501.25 Td (complexity ) Tj ET Q q 0 0 0 rg BT 442.26 501.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.36 501.25 Td (dif) Tj ET Q q 0 0 0 rg BT 469.29 501.25 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 497.05 501.25 Td (of ) Tj ET Q q 0 0 0 rg BT 507.04 501.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.92 501.25 Td (leadership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 489.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 489.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 126.65 489.25 Td (roles ) Tj ET Q q 0 0 0 rg BT 148.58 489.25 Td (played ) Tj ET Q q 0 0 0 rg BT 177.74 489.25 Td (by ) Tj ET Q q 0 0 0 rg BT 190.24 489.25 Td (such ) Tj ET Q q 0 0 0 rg BT 211.07 489.25 Td (of) Tj ET Q q 0 0 0 rg BT 219.22 489.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 237.13 489.25 Td (, ) Tj ET Q q 0 0 0 rg BT 242.13 489.25 Td (as ) Tj ET Q q 0 0 0 rg BT 252.96 489.25 Td (well ) Tj ET Q q 0 0 0 rg BT 272.68 489.25 Td (as ) Tj ET Q q 0 0 0 rg BT 283.51 489.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.23 489.25 Td (importance ) Tj ET Q q 0 0 0 rg BT 345.71 489.25 Td (of ) Tj ET Q q 0 0 0 rg BT 356.54 489.25 Td (retaining ) Tj ET Q q 0 0 0 rg BT 394.58 489.25 Td (such ) Tj ET Q q 0 0 0 rg BT 415.41 489.25 Td (of) Tj ET Q q 0 0 0 rg BT 423.56 489.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 441.32 489.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.50 468.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 74.61 468.25 Td (. ) Tj ET Q q 0 0 0 rg BT 79.87 468.25 Td (Costantino. ) Tj ET Q q 0 0 0 rg BT 129.02 468.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.78 468.25 Td (In ) Tj ET Q q 0 0 0 rg BT 142.87 468.25 Td (recommending ) Tj ET Q q 0 0 0 rg BT 205.60 468.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 235.01 468.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 274.42 468.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 332.72 468.25 Td (for ) Tj ET Q q 0 0 0 rg BT 347.14 468.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 358.81 468.25 Td (. ) Tj ET Q q 0 0 0 rg BT 364.06 468.25 Td (Costantino, ) Tj ET Q q 0 0 0 rg BT 412.65 468.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 424.32 468.25 Td (. ) Tj ET Q q 0 0 0 rg BT 429.58 468.25 Td (Bok ) Tj ET Q q 0 0 0 rg BT 449.01 468.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 495.08 468.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 506.75 468.25 Td (. ) Tj ET Q q 0 0 0 rg BT 512.00 468.25 Td (Costantino) Tj ET Q q 0 0 0 rg BT 558.12 468.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 456.25 Td (role ) Tj ET Q q 0 0 0 rg BT 68.98 456.25 Td (as ) Tj ET Q q 0 0 0 rg BT 80.75 456.25 Td (a ) Tj ET Q q 0 0 0 rg BT 88.62 456.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 116.49 456.25 Td (banker ) Tj ET Q q 0 0 0 rg BT 147.14 456.25 Td (developing ) Tj ET Q q 0 0 0 rg BT 195.00 456.25 Td (key ) Tj ET Q q 0 0 0 rg BT 212.88 456.25 Td (client ) Tj ET Q q 0 0 0 rg BT 238.53 456.25 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 295.56 456.25 Td (executing ) Tj ET Q q 0 0 0 rg BT 337.87 456.25 Td (client ) Tj ET Q q 0 0 0 rg BT 363.52 456.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 419.16 456.25 Td (and ) Tj ET Q q 0 0 0 rg BT 437.03 456.25 Td (generating ) Tj ET Q q 0 0 0 rg BT 482.67 456.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 520.25 456.25 Td (while ) Tj ET Q q 0 0 0 rg BT 545.90 456.25 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 444.25 Td (playing ) Tj ET Q q 0 0 0 rg BT 81.61 444.25 Td (a ) Tj ET Q q 0 0 0 rg BT 87.65 444.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 113.70 444.25 Td (management ) Tj ET Q q 0 0 0 rg BT 166.40 444.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.45 444.25 Td (leadership ) Tj ET Q q 0 0 0 rg BT 225.16 444.25 Td (role ) Tj ET Q q 0 0 0 rg BT 242.31 444.25 Td (within ) Tj ET Q q 0 0 0 rg BT 269.48 444.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.31 444.25 Td (Firm, ) Tj ET Q q 0 0 0 rg BT 306.87 444.25 Td (both ) Tj ET Q q 0 0 0 rg BT 326.25 444.25 Td (as ) Tj ET Q q 0 0 0 rg BT 336.19 444.25 Td (Co-Head ) Tj ET Q q 0 0 0 rg BT 373.90 444.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.84 444.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.67 444.25 Td (Firm) Tj ET Q q 0 0 0 rg BT 419.90 444.25 Td (s ) Tj ET Q q 0 0 0 rg BT 425.04 444.25 Td (Australia ) Tj ET Q q 0 0 0 rg BT 463.31 444.25 Td (business ) Tj ET Q q 0 0 0 rg BT 498.81 444.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.86 444.25 Td (as ) Tj ET Q q 0 0 0 rg BT 524.80 444.25 Td (President ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 432.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.46 432.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.80 432.25 Td (Firm ) Tj ET Q q 0 0 0 rg BT 96.38 432.25 Td (after ) Tj ET Q q 0 0 0 rg BT 116.82 432.25 Td (his ) Tj ET Q q 0 0 0 rg BT 130.62 432.25 Td (appointment ) Tj ET Q q 0 0 0 rg BT 182.74 432.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.64 432.25 Td (such ) Tj ET Q q 0 0 0 rg BT 213.10 432.25 Td (position ) Tj ET Q q 0 0 0 rg BT 247.46 432.25 Td (in ) Tj ET Q q 0 0 0 rg BT 257.36 432.25 Td (July ) Tj ET Q q 0 0 0 rg BT 276.16 432.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 300.79 432.25 Td ( ) Tj ET Q q 0 0 0 rg BT 302.45 432.25 Td (As ) Tj ET Q q 0 0 0 rg BT 315.69 432.25 Td (President, ) Tj ET Q q 0 0 0 rg BT 357.53 432.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 369.20 432.25 Td (. ) Tj ET Q q 0 0 0 rg BT 373.83 432.25 Td (Costantino ) Tj ET Q q 0 0 0 rg BT 419.29 432.25 Td (plays ) Tj ET Q q 0 0 0 rg BT 442.53 432.25 Td (a ) Tj ET Q q 0 0 0 rg BT 449.10 432.25 Td (central ) Tj ET Q q 0 0 0 rg BT 478.43 432.25 Td (role ) Tj ET Q q 0 0 0 rg BT 496.10 432.25 Td (in ) Tj ET Q q 0 0 0 rg BT 506.01 432.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 547.57 432.25 Td (key ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 420.25 Td (client ) Tj ET Q q 0 0 0 rg BT 74.84 420.25 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 131.08 420.25 Td (in ) Tj ET Q q 0 0 0 rg BT 141.49 420.25 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 188.56 420.25 Td (business ) Tj ET Q q 0 0 0 rg BT 225.09 420.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 257.71 420.25 Td (across ) Tj ET Q q 0 0 0 rg BT 285.33 420.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.18 420.25 Td (Firm, ) Tj ET Q q 0 0 0 rg BT 324.76 420.25 Td (in ) Tj ET Q q 0 0 0 rg BT 335.17 420.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 377.24 420.25 Td (Firm ) Tj ET Q q 0 0 0 rg BT 399.32 420.25 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 443.33 420.25 Td (in ) Tj ET Q q 0 0 0 rg BT 453.74 420.25 Td (recruiting ) Tj ET Q q 0 0 0 rg BT 495.24 420.25 Td (new ) Tj ET Q q 0 0 0 rg BT 514.53 420.25 Td (talent ) Tj ET Q q 0 0 0 rg BT 539.38 420.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 420.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 408.25 Td (Firm ) Tj ET Q q 0 0 0 rg BT 72.02 408.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.03 408.25 Td (in ) Tj ET Q q 0 0 0 rg BT 99.37 408.25 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 136.94 408.25 Td (new ) Tj ET Q q 0 0 0 rg BT 156.17 408.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 192.62 408.25 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 247.96 408.25 Td (for ) Tj ET Q q 0 0 0 rg BT 262.19 408.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.98 408.25 Td (Firm. ) Tj ET Q q 0 0 0 rg BT 301.49 408.25 Td ( ) Tj ET Q q 0 0 0 rg BT 303.88 408.25 Td (The ) Tj ET Q q 0 0 0 rg BT 321.99 408.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 382.34 408.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 429.35 408.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 469.12 408.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.91 408.25 Td (following ) Tj ET Q q 0 0 0 rg BT 525.37 408.25 Td (incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 396.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 107.58 396.25 Td (for ) Tj ET Q q 0 0 0 rg BT 121.29 396.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 132.96 396.25 Td (.Costantino ) Tj ET Q q 0 0 0 rg BT 183.33 396.25 Td (for ) Tj ET Q q 0 0 0 rg BT 197.04 396.25 Td (his ) Tj ET Q q 0 0 0 rg BT 210.75 396.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 263.31 396.25 Td (in ) Tj ET Q q 0 0 0 rg BT 273.14 396.25 Td (2015: ) Tj ET Q q 0 0 0 rg BT 297.96 396.25 Td (a ) Tj ET Q q 0 0 0 rg BT 304.44 396.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 324.25 396.25 Td (award ) Tj ET Q q 0 0 0 rg BT 350.72 396.25 Td (of ) Tj ET Q q 0 0 0 rg BT 361.09 396.25 Td ($100,000 ) Tj ET Q q 0 0 0 rg BT 400.63 396.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.12 396.25 Td (an ) Tj ET Q q 0 0 0 rg BT 428.60 396.25 Td (RSU ) Tj ET Q q 0 0 0 rg BT 450.09 396.25 Td (award ) Tj ET Q q 0 0 0 rg BT 476.56 396.25 Td (valued ) Tj ET Q q 0 0 0 rg BT 505.26 396.25 Td (at ) Tj ET Q q 0 0 0 rg BT 514.52 396.25 Td ($1,099,000, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 384.25 Td (RSU ) Tj ET Q q 0 0 0 rg BT 98.89 384.25 Td (award ) Tj ET Q q 0 0 0 rg BT 125.82 384.25 Td (constituted ) Tj ET Q q 0 0 0 rg BT 172.20 384.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 232.46 384.25 Td (62% ) Tj ET Q q 0 0 0 rg BT 253.29 384.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.12 384.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 275.79 384.25 Td (.Costantino) Tj ET Q q 0 0 0 rg BT 326.90 384.25 Td (s ) Tj ET Q q 0 0 0 rg BT 333.30 384.25 Td (total ) Tj ET Q q 0 0 0 rg BT 353.57 384.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 411.61 384.25 Td (for ) Tj ET Q q 0 0 0 rg BT 425.77 384.25 Td (2015.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.50 363.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 74.61 363.25 Td (.W) Tj ET Q q 0 0 0 rg BT 87.03 363.25 Td (yles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.57 363.25 Td (. ) Tj ET Q q 0 0 0 rg BT 107.75 363.25 Td ( ) Tj ET Q q 0 0 0 rg BT 110.44 363.25 Td (In ) Tj ET Q q 0 0 0 rg BT 121.45 363.25 Td (recommending ) Tj ET Q q 0 0 0 rg BT 184.11 363.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 213.45 363.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 252.78 363.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 311.01 363.25 Td (for ) Tj ET Q q 0 0 0 rg BT 325.35 363.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 337.02 363.25 Td (. ) Tj ET Q q 0 0 0 rg BT 342.01 363.25 Td (W) Tj ET Q q 0 0 0 rg BT 350.84 363.25 Td (yles, ) Tj ET Q q 0 0 0 rg BT 372.13 363.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 383.80 363.25 Td (. ) Tj ET Q q 0 0 0 rg BT 388.99 363.25 Td (Bok ) Tj ET Q q 0 0 0 rg BT 408.34 363.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 454.34 363.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 466.01 363.25 Td (. ) Tj ET Q q 0 0 0 rg BT 470.99 363.25 Td (W) Tj ET Q q 0 0 0 rg BT 479.83 363.25 Td (yles) Tj ET Q q 0 0 0 rg BT 498.53 363.25 Td ( ) Tj ET Q q 0 0 0 rg BT 501.21 363.25 Td (role ) Tj ET Q q 0 0 0 rg BT 519.44 363.25 Td (as ) Tj ET Q q 0 0 0 rg BT 530.45 363.25 Td (a ) Tj ET Q q 0 0 0 rg BT 537.57 363.25 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 351.25 Td (banker ) Tj ET Q q 0 0 0 rg BT 80.46 351.25 Td (developing ) Tj ET Q q 0 0 0 rg BT 128.15 351.25 Td (key ) Tj ET Q q 0 0 0 rg BT 145.85 351.25 Td (client ) Tj ET Q q 0 0 0 rg BT 171.31 351.25 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 228.17 351.25 Td (executing ) Tj ET Q q 0 0 0 rg BT 270.30 351.25 Td (client ) Tj ET Q q 0 0 0 rg BT 295.77 351.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 351.23 351.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.92 351.25 Td (generating ) Tj ET Q q 0 0 0 rg BT 414.38 351.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 451.78 351.25 Td (while ) Tj ET Q q 0 0 0 rg BT 477.25 351.25 Td (also ) Tj ET Q q 0 0 0 rg BT 496.62 351.25 Td (playing ) Tj ET Q q 0 0 0 rg BT 529.87 351.25 Td (a ) Tj ET Q q 0 0 0 rg BT 537.56 351.25 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 339.25 Td (management ) Tj ET Q q 0 0 0 rg BT 103.54 339.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.43 339.25 Td (leadership ) Tj ET Q q 0 0 0 rg BT 163.98 339.25 Td (role ) Tj ET Q q 0 0 0 rg BT 181.98 339.25 Td (within ) Tj ET Q q 0 0 0 rg BT 209.99 339.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.66 339.25 Td (Firm, ) Tj ET Q q 0 0 0 rg BT 249.06 339.25 Td (both ) Tj ET Q q 0 0 0 rg BT 269.29 339.25 Td (as ) Tj ET Q q 0 0 0 rg BT 280.07 339.25 Td (Co-Head ) Tj ET Q q 0 0 0 rg BT 318.62 339.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.41 339.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.08 339.25 Td (Firm) Tj ET Q q 0 0 0 rg BT 366.30 339.25 Td (s ) Tj ET Q q 0 0 0 rg BT 372.65 339.25 Td (European ) Tj ET Q q 0 0 0 rg BT 413.41 339.25 Td (business ) Tj ET Q q 0 0 0 rg BT 449.76 339.25 Td (and ) Tj ET Q q 0 0 0 rg BT 466.65 339.25 Td (as ) Tj ET Q q 0 0 0 rg BT 477.43 339.25 Td (President ) Tj ET Q q 0 0 0 rg BT 517.10 339.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.88 339.25 Td (the ) Tj ET Q q 0 0 0 rg BT 542.55 339.25 Td (Firm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 327.25 Td (after ) Tj ET Q q 0 0 0 rg BT 69.75 327.25 Td (his ) Tj ET Q q 0 0 0 rg BT 82.84 327.25 Td (appointment ) Tj ET Q q 0 0 0 rg BT 134.26 327.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.47 327.25 Td (such ) Tj ET Q q 0 0 0 rg BT 163.23 327.25 Td (position ) Tj ET Q q 0 0 0 rg BT 196.89 327.25 Td (in ) Tj ET Q q 0 0 0 rg BT 206.10 327.25 Td (July ) Tj ET Q q 0 0 0 rg BT 224.20 327.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 248.13 327.25 Td ( ) Tj ET Q q 0 0 0 rg BT 249.24 327.25 Td (As ) Tj ET Q q 0 0 0 rg BT 261.78 327.25 Td (President, ) Tj ET Q q 0 0 0 rg BT 302.93 327.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 314.60 327.25 Td (. ) Tj ET Q q 0 0 0 rg BT 318.43 327.25 Td (W) Tj ET Q q 0 0 0 rg BT 327.26 327.25 Td (yles ) Tj ET Q q 0 0 0 rg BT 344.80 327.25 Td (plays ) Tj ET Q q 0 0 0 rg BT 367.34 327.25 Td (a ) Tj ET Q q 0 0 0 rg BT 373.21 327.25 Td (central ) Tj ET Q q 0 0 0 rg BT 401.84 327.25 Td (role ) Tj ET Q q 0 0 0 rg BT 418.82 327.25 Td (in ) Tj ET Q q 0 0 0 rg BT 428.02 327.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 468.89 327.25 Td (key ) Tj ET Q q 0 0 0 rg BT 484.76 327.25 Td (client ) Tj ET Q q 0 0 0 rg BT 508.40 327.25 Td (relationships, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.10 315.25 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 106.88 315.25 Td (business ) Tj ET Q q 0 0 0 rg BT 143.09 315.25 Td (activity ) Tj ET Q q 0 0 0 rg BT 175.41 315.25 Td (across ) Tj ET Q q 0 0 0 rg BT 202.73 315.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.27 315.25 Td (Firm, ) Tj ET Q q 0 0 0 rg BT 241.55 315.25 Td (in ) Tj ET Q q 0 0 0 rg BT 251.65 315.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 293.41 315.25 Td (Firm ) Tj ET Q q 0 0 0 rg BT 315.19 315.25 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 358.89 315.25 Td (in ) Tj ET Q q 0 0 0 rg BT 368.99 315.25 Td (recruiting ) Tj ET Q q 0 0 0 rg BT 410.19 315.25 Td (new ) Tj ET Q q 0 0 0 rg BT 429.18 315.25 Td (talent ) Tj ET Q q 0 0 0 rg BT 453.72 315.25 Td (to ) Tj ET Q q 0 0 0 rg BT 463.82 315.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.37 315.25 Td (Firm ) Tj ET Q q 0 0 0 rg BT 500.14 315.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.91 315.25 Td (in ) Tj ET Q q 0 0 0 rg BT 527.01 315.25 Td (pursuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.25 Td (new ) Tj ET Q q 0 0 0 rg BT 70.21 303.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 107.63 303.25 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 163.95 303.25 Td (for ) Tj ET Q q 0 0 0 rg BT 179.16 303.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.92 303.25 Td (Firm. ) Tj ET Q q 0 0 0 rg BT 220.42 303.25 Td ( ) Tj ET Q q 0 0 0 rg BT 223.71 303.25 Td (The ) Tj ET Q q 0 0 0 rg BT 242.80 303.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 304.12 303.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 352.11 303.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 392.86 303.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.63 303.25 Td (following ) Tj ET Q q 0 0 0 rg BT 451.06 303.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 491.26 303.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 550.35 303.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 291.25 Td (.) Tj ET Q q 0 0 0 rg BT 66.49 291.25 Td (W) Tj ET Q q 0 0 0 rg BT 75.33 291.25 Td (yles ) Tj ET Q q 0 0 0 rg BT 94.25 291.25 Td (for ) Tj ET Q q 0 0 0 rg BT 108.72 291.25 Td (his ) Tj ET Q q 0 0 0 rg BT 123.20 291.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 176.54 291.25 Td (in ) Tj ET Q q 0 0 0 rg BT 187.13 291.25 Td (2015: ) Tj ET Q q 0 0 0 rg BT 212.72 291.25 Td (a ) Tj ET Q q 0 0 0 rg BT 219.97 291.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 240.55 291.25 Td (award ) Tj ET Q q 0 0 0 rg BT 267.79 291.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.94 291.25 Td ($358,017 ) Tj ET Q q 0 0 0 rg BT 319.25 291.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.50 291.25 Td (an ) Tj ET Q q 0 0 0 rg BT 348.75 291.25 Td (RSU ) Tj ET Q q 0 0 0 rg BT 371.02 291.25 Td (award ) Tj ET Q q 0 0 0 rg BT 398.26 291.25 Td (valued ) Tj ET Q q 0 0 0 rg BT 427.72 291.25 Td (at ) Tj ET Q q 0 0 0 rg BT 437.75 291.25 Td ($1,902,857, ) Tj ET Q q 0 0 0 rg BT 488.07 291.25 Td (which ) Tj ET Q q 0 0 0 rg BT 515.32 291.25 Td (RSU ) Tj ET Q q 0 0 0 rg BT 537.58 291.25 Td (award ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.25 Td (constituted ) Tj ET Q q 0 0 0 rg BT 96.38 279.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 156.64 279.25 Td (61% ) Tj ET Q q 0 0 0 rg BT 177.47 279.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.30 279.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 199.97 279.25 Td (.) Tj ET Q q 0 0 0 rg BT 204.79 279.25 Td (W) Tj ET Q q 0 0 0 rg BT 213.63 279.25 Td (yles) Tj ET Q q 0 0 0 rg BT 232.32 279.25 Td ( ) Tj ET Q q 0 0 0 rg BT 234.82 279.25 Td (total ) Tj ET Q q 0 0 0 rg BT 255.10 279.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 313.14 279.25 Td (for ) Tj ET Q q 0 0 0 rg BT 327.30 279.25 Td (2015. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.50 258.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 74.61 258.25 Td (.Grubb) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.73 258.25 Td (. ) Tj ET Q q 0 0 0 rg BT 111.30 258.25 Td ( ) Tj ET Q q 0 0 0 rg BT 114.37 258.25 Td (In ) Tj ET Q q 0 0 0 rg BT 125.77 258.25 Td (recommending ) Tj ET Q q 0 0 0 rg BT 188.82 258.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 218.55 258.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 258.27 258.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 316.88 258.25 Td (for ) Tj ET Q q 0 0 0 rg BT 331.62 258.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 343.29 258.25 Td (. ) Tj ET Q q 0 0 0 rg BT 348.86 258.25 Td (Grubb, ) Tj ET Q q 0 0 0 rg BT 379.98 258.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 391.65 258.25 Td (. ) Tj ET Q q 0 0 0 rg BT 397.22 258.25 Td (Bok ) Tj ET Q q 0 0 0 rg BT 416.96 258.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 463.35 258.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 475.02 258.25 Td (. ) Tj ET Q q 0 0 0 rg BT 480.59 258.25 Td (Grubb) Tj ET Q q 0 0 0 rg BT 508.92 258.25 Td (s ) Tj ET Q q 0 0 0 rg BT 515.88 258.25 Td (roles ) Tj ET Q q 0 0 0 rg BT 538.39 258.25 Td (as ) Tj ET Q q 0 0 0 rg BT 549.79 258.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 246.25 Td (Firm) Tj ET Q q 0 0 0 rg BT 72.23 246.25 Td (s ) Tj ET Q q 0 0 0 rg BT 79.28 246.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 104.67 246.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 145.04 246.25 Td (Of) Tj ET Q q 0 0 0 rg BT 155.41 246.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 173.33 246.25 Td (, ) Tj ET Q q 0 0 0 rg BT 179.00 246.25 Td (as ) Tj ET Q q 0 0 0 rg BT 190.49 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.87 246.25 Td (Firm) Tj ET Q q 0 0 0 rg BT 228.10 246.25 Td (s ) Tj ET Q q 0 0 0 rg BT 235.16 246.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 269.98 246.25 Td (spokesman ) Tj ET Q q 0 0 0 rg BT 317.58 246.25 Td (with ) Tj ET Q q 0 0 0 rg BT 338.53 246.25 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 392.24 246.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.84 246.25 Td (prospective ) Tj ET Q q 0 0 0 rg BT 459.10 246.25 Td (investors, ) Tj ET Q q 0 0 0 rg BT 500.88 246.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.48 246.25 Td (as ) Tj ET Q q 0 0 0 rg BT 529.97 246.25 Td (a ) Tj ET Q q 0 0 0 rg BT 537.58 246.25 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 234.25 Td (banker ) Tj ET Q q 0 0 0 rg BT 80.53 234.25 Td (within ) Tj ET Q q 0 0 0 rg BT 109.42 234.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.96 234.25 Td (Firm) Tj ET Q q 0 0 0 rg BT 147.19 234.25 Td (s ) Tj ET Q q 0 0 0 rg BT 154.41 234.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 195.49 234.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 233.26 234.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 272.98 234.25 Td (where ) Tj ET Q q 0 0 0 rg BT 300.73 234.25 Td (he ) Tj ET Q q 0 0 0 rg BT 313.50 234.25 Td (now ) Tj ET Q q 0 0 0 rg BT 334.05 234.25 Td (holds ) Tj ET Q q 0 0 0 rg BT 359.05 234.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.59 234.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 417.91 234.25 Td (title ) Tj ET Q q 0 0 0 rg BT 436.79 234.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.44 234.25 Td (Co-Head ) Tj ET Q q 0 0 0 rg BT 487.87 234.25 Td (of ) Tj ET Q q 0 0 0 rg BT 499.53 234.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 520.64 234.25 Td (M&A. ) Tj ET Q q 0 0 0 rg BT 550.36 234.25 Td ( ) Tj ET Q q 0 0 0 rg BT 553.69 234.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.25 Td (particular) Tj ET Q q 0 0 0 rg BT 87.91 222.25 Td (, ) Tj ET Q q 0 0 0 rg BT 93.38 222.25 Td (he ) Tj ET Q q 0 0 0 rg BT 105.78 222.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 152.07 222.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 163.74 222.25 Td (. ) Tj ET Q q 0 0 0 rg BT 169.21 222.25 Td (Grubb) Tj ET Q q 0 0 0 rg BT 197.54 222.25 Td (s ) Tj ET Q q 0 0 0 rg BT 204.39 222.25 Td (role ) Tj ET Q q 0 0 0 rg BT 222.91 222.25 Td (in ) Tj ET Q q 0 0 0 rg BT 233.66 222.25 Td (developing ) Tj ET Q q 0 0 0 rg BT 281.06 222.25 Td (key ) Tj ET Q q 0 0 0 rg BT 298.46 222.25 Td (client ) Tj ET Q q 0 0 0 rg BT 323.64 222.25 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 380.21 222.25 Td (executing ) Tj ET Q q 0 0 0 rg BT 422.05 222.25 Td (client ) Tj ET Q q 0 0 0 rg BT 447.23 222.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 502.40 222.25 Td (and ) Tj ET Q q 0 0 0 rg BT 519.81 222.25 Td (generating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 86.93 210.25 Td (alongside ) Tj ET Q q 0 0 0 rg BT 128.04 210.25 Td (his ) Tj ET Q q 0 0 0 rg BT 142.50 210.25 Td (management ) Tj ET Q q 0 0 0 rg BT 196.37 210.25 Td (and ) Tj ET Q q 0 0 0 rg BT 213.60 210.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 273.59 210.25 Td (responsibilities. ) Tj ET Q q 0 0 0 rg BT 339.43 210.25 Td ( ) Tj ET Q q 0 0 0 rg BT 342.01 210.25 Td (The ) Tj ET Q q 0 0 0 rg BT 360.34 210.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 420.90 210.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 468.13 210.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 508.12 210.25 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 210.25 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 90.31 198.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 149.51 198.25 Td (for ) Tj ET Q q 0 0 0 rg BT 164.82 198.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 176.49 198.25 Td (.Grubb ) Tj ET Q q 0 0 0 rg BT 210.70 198.25 Td (for ) Tj ET Q q 0 0 0 rg BT 226.02 198.25 Td (his ) Tj ET Q q 0 0 0 rg BT 241.35 198.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 295.53 198.25 Td (in ) Tj ET Q q 0 0 0 rg BT 306.96 198.25 Td (2015: ) Tj ET Q q 0 0 0 rg BT 333.40 198.25 Td (an ) Tj ET Q q 0 0 0 rg BT 346.49 198.25 Td (RSU ) Tj ET Q q 0 0 0 rg BT 369.60 198.25 Td (award ) Tj ET Q q 0 0 0 rg BT 397.69 198.25 Td (valued ) Tj ET Q q 0 0 0 rg BT 428.00 198.25 Td (at ) Tj ET Q q 0 0 0 rg BT 438.88 198.25 Td ($1,099,000, ) Tj ET Q q 0 0 0 rg BT 490.03 198.25 Td (which ) Tj ET Q q 0 0 0 rg BT 518.13 198.25 Td (constituted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 110.26 186.25 Td (66% ) Tj ET Q q 0 0 0 rg BT 131.09 186.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.92 186.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 153.59 186.25 Td (.Grubb) Tj ET Q q 0 0 0 rg BT 186.92 186.25 Td (s ) Tj ET Q q 0 0 0 rg BT 193.31 186.25 Td (total ) Tj ET Q q 0 0 0 rg BT 213.58 186.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 271.63 186.25 Td (for ) Tj ET Q q 0 0 0 rg BT 285.79 186.25 Td (2015. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.50 165.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 74.61 165.25 Td (.Rodriguez) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.72 165.25 Td (. ) Tj ET Q q 0 0 0 rg BT 125.18 165.25 Td ( ) Tj ET Q q 0 0 0 rg BT 127.15 165.25 Td (In ) Tj ET Q q 0 0 0 rg BT 137.44 165.25 Td (recommending ) Tj ET Q q 0 0 0 rg BT 199.38 165.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 228.00 165.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 266.61 165.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 324.11 165.25 Td (for ) Tj ET Q q 0 0 0 rg BT 337.74 165.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 349.41 165.25 Td (. ) Tj ET Q q 0 0 0 rg BT 353.87 165.25 Td (Rodriguez, ) Tj ET Q q 0 0 0 rg BT 399.98 165.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 411.65 165.25 Td (. ) Tj ET Q q 0 0 0 rg BT 416.12 165.25 Td (Bok ) Tj ET Q q 0 0 0 rg BT 434.75 165.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 480.03 165.25 Td (the ) Tj ET Q q 0 0 0 rg BT 494.20 165.25 Td (various ) Tj ET Q q 0 0 0 rg BT 525.60 165.25 Td (roles ) Tj ET Q q 0 0 0 rg BT 547.00 165.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 153.25 Td (.Rodriguez ) Tj ET Q q 0 0 0 rg BT 110.81 153.25 Td (performs ) Tj ET Q q 0 0 0 rg BT 149.39 153.25 Td (for ) Tj ET Q q 0 0 0 rg BT 163.53 153.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.23 153.25 Td (Firm, ) Tj ET Q q 0 0 0 rg BT 202.66 153.25 Td (including ) Tj ET Q q 0 0 0 rg BT 242.92 153.25 Td (as ) Tj ET Q q 0 0 0 rg BT 253.73 153.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 278.43 153.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 320.90 153.25 Td (Of) Tj ET Q q 0 0 0 rg BT 331.27 153.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 352.07 153.25 Td (and ) Tj ET Q q 0 0 0 rg BT 368.99 153.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 393.69 153.25 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 444.49 153.25 Td (Of) Tj ET Q q 0 0 0 rg BT 454.87 153.25 Td (ficer) Tj ET Q q 0 0 0 rg BT 472.63 153.25 Td (. ) Tj ET Q q 0 0 0 rg BT 477.61 153.25 Td ( ) Tj ET Q q 0 0 0 rg BT 479.55 153.25 Td (Among ) Tj ET Q q 0 0 0 rg BT 512.03 153.25 Td (other ) Tj ET Q q 0 0 0 rg BT 535.06 153.25 Td (things, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.25 Td (he ) Tj ET Q q 0 0 0 rg BT 62.56 141.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 108.99 141.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 120.66 141.25 Td (. ) Tj ET Q q 0 0 0 rg BT 126.28 141.25 Td (Rodriguez) Tj ET Q q 0 0 0 rg BT 170.72 141.25 Td (s ) Tj ET Q q 0 0 0 rg BT 177.73 141.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 235.29 141.25 Td (for ) Tj ET Q q 0 0 0 rg BT 250.07 141.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 290.95 141.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 323.49 141.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.05 141.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 388.04 141.25 Td (at ) Tj ET Q q 0 0 0 rg BT 398.38 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.72 141.25 Td (Firm, ) Tj ET Q q 0 0 0 rg BT 438.78 141.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 481.34 141.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.67 141.25 Td (Firm) Tj ET Q q 0 0 0 rg BT 518.90 141.25 Td (s ) Tj ET Q q 0 0 0 rg BT 525.91 141.25 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.25 Td (apart ) Tj ET Q q 0 0 0 rg BT 74.25 129.25 Td (from ) Tj ET Q q 0 0 0 rg BT 97.95 129.25 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 160.26 129.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 197.30 129.25 Td (management ) Tj ET Q q 0 0 0 rg BT 252.65 129.25 Td (and ) Tj ET Q q 0 0 0 rg BT 271.35 129.25 Td (oversight ) Tj ET Q q 0 0 0 rg BT 312.83 129.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.43 129.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.91 129.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 383.94 129.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 407.09 129.25 Td (of ) Tj ET Q q 0 0 0 rg BT 419.68 129.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.17 129.25 Td (business, ) Tj ET Q q 0 0 0 rg BT 476.82 129.25 Td (and ) Tj ET Q q 0 0 0 rg BT 495.52 129.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 547.56 129.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.25 Td (implementing ) Tj ET Q q 0 0 0 rg BT 107.75 117.25 Td (uniform ) Tj ET Q q 0 0 0 rg BT 142.17 117.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 174.91 117.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 208.22 117.25 Td (within ) Tj ET Q q 0 0 0 rg BT 235.98 117.25 Td (the ) Tj ET Q q 0 0 0 rg BT 250.40 117.25 Td (Firm, ) Tj ET Q q 0 0 0 rg BT 274.55 117.25 Td (as ) Tj ET Q q 0 0 0 rg BT 285.08 117.25 Td (well ) Tj ET Q q 0 0 0 rg BT 304.50 117.25 Td (as ) Tj ET Q q 0 0 0 rg BT 315.03 117.25 Td (his ) Tj ET Q q 0 0 0 rg BT 328.90 117.25 Td (role ) Tj ET Q q 0 0 0 rg BT 346.65 117.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.63 117.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.05 117.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 417.13 117.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.77 117.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 477.08 117.25 Td (integration ) Tj ET Q q 0 0 0 rg BT 522.60 117.25 Td (of ) Tj ET Q q 0 0 0 rg BT 533.13 117.25 Td (Cogent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.25 Td (Partners. ) Tj ET Q q 0 0 0 rg BT 87.76 105.25 Td ( ) Tj ET Q q 0 0 0 rg BT 90.06 105.25 Td (The ) Tj ET Q q 0 0 0 rg BT 108.10 105.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 168.36 105.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 215.28 105.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 254.98 105.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.68 105.25 Td (following ) Tj ET Q q 0 0 0 rg BT 311.05 105.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 350.19 105.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 408.22 105.25 Td (for ) Tj ET Q q 0 0 0 rg BT 422.37 105.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 434.04 105.25 Td (.Rodriguez ) Tj ET Q q 0 0 0 rg BT 483.18 105.25 Td (for ) Tj ET Q q 0 0 0 rg BT 497.32 105.25 Td (his ) Tj ET Q q 0 0 0 rg BT 511.48 105.25 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.53 93.25 Td (2015: ) Tj ET Q q 0 0 0 rg BT 86.06 93.25 Td (an ) Tj ET Q q 0 0 0 rg BT 98.25 93.25 Td (RSU ) Tj ET Q q 0 0 0 rg BT 120.46 93.25 Td (award ) Tj ET Q q 0 0 0 rg BT 147.64 93.25 Td (valued ) Tj ET Q q 0 0 0 rg BT 177.05 93.25 Td (at ) Tj ET Q q 0 0 0 rg BT 187.02 93.25 Td ($1,049,000, ) Tj ET Q q 0 0 0 rg BT 237.27 93.25 Td (which ) Tj ET Q q 0 0 0 rg BT 264.46 93.25 Td (constituted ) Tj ET Q q 0 0 0 rg BT 311.10 93.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 371.61 93.25 Td (57% ) Tj ET Q q 0 0 0 rg BT 392.69 93.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.78 93.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 415.45 93.25 Td (.Rodriguez) Tj ET Q q 0 0 0 rg BT 464.88 93.25 Td (s ) Tj ET Q q 0 0 0 rg BT 471.52 93.25 Td (total ) Tj ET Q q 0 0 0 rg BT 492.05 93.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 550.35 93.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.25 Td (2015. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 63.50 60.25 Td (Ms.Moran) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.94 60.25 Td (. ) Tj ET Q q 0 0 0 rg BT 113.35 60.25 Td ( ) Tj ET Q q 0 0 0 rg BT 116.26 60.25 Td (In ) Tj ET Q q 0 0 0 rg BT 127.50 60.25 Td (recommending ) Tj ET Q q 0 0 0 rg BT 190.38 60.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 219.95 60.25 Td (incentive ) Tj ET Q q 0 0 0 rg BT 259.51 60.25 Td (compensation ) Tj ET Q q 0 0 0 rg BT 317.96 60.25 Td (for ) Tj ET Q q 0 0 0 rg BT 332.52 60.25 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 350.71 60.25 Td (Moran, ) Tj ET Q q 0 0 0 rg BT 382.78 60.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 394.45 60.25 Td (. ) Tj ET Q q 0 0 0 rg BT 399.86 60.25 Td (Bok ) Tj ET Q q 0 0 0 rg BT 419.44 60.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 465.66 60.25 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 483.85 60.25 Td (Moran) Tj ET Q q 0 0 0 rg BT 513.29 60.25 Td (s ) Tj ET Q q 0 0 0 rg BT 520.09 60.25 Td (role ) Tj ET Q q 0 0 0 rg BT 538.54 60.25 Td (as ) Tj ET Q q 0 0 0 rg BT 549.78 60.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.25 Td (Firm) Tj ET Q q 0 0 0 rg BT 72.23 48.25 Td (s ) Tj ET Q q 0 0 0 rg BT 79.09 48.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 104.27 48.25 Td (Legal ) Tj ET Q q 0 0 0 rg BT 130.00 48.25 Td (Of) Tj ET Q q 0 0 0 rg BT 140.38 48.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 161.66 48.25 Td (and ) Tj ET Q q 0 0 0 rg BT 179.07 48.25 Td (Secretary) Tj ET Q q 0 0 0 rg BT 216.17 48.25 Td (, ) Tj ET Q q 0 0 0 rg BT 221.64 48.25 Td (and ) Tj ET Q q 0 0 0 rg BT 239.05 48.25 Td (her ) Tj ET Q q 0 0 0 rg BT 254.79 48.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 312.20 48.25 Td (for ) Tj ET Q q 0 0 0 rg BT 326.83 48.25 Td (overseeing ) Tj ET Q q 0 0 0 rg BT 373.11 48.25 Td (global ) Tj ET Q q 0 0 0 rg BT 401.07 48.25 Td (legal ) Tj ET Q q 0 0 0 rg BT 423.48 48.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 455.88 48.25 Td (at ) Tj ET Q q 0 0 0 rg BT 466.06 48.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.25 48.25 Td (Firm. ) Tj ET Q q 0 0 0 rg BT 506.17 48.25 Td ( ) Tj ET Q q 0 0 0 rg BT 508.48 48.25 Td (Among ) Tj ET Q q 0 0 0 rg BT 541.45 48.25 Td (other ) Tj ET Q endstream endobj 107 0 obj <> endobj 108 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 81.29 742.10 Td (he ) Tj ET Q q 0 0 0 rg BT 95.07 742.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 142.73 742.10 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 162.35 742.10 Td (Moran) Tj ET Q q 0 0 0 rg BT 191.79 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 200.02 742.10 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 258.81 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 274.81 742.10 Td (advising ) Tj ET Q q 0 0 0 rg BT 313.04 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.60 742.10 Td (Firm) Tj ET Q q 0 0 0 rg BT 351.83 742.10 Td (s ) Tj ET Q q 0 0 0 rg BT 360.06 742.10 Td (professionals ) Tj ET Q q 0 0 0 rg BT 417.17 742.10 Td (on ) Tj ET Q q 0 0 0 rg BT 431.51 742.10 Td (client ) Tj ET Q q 0 0 0 rg BT 458.06 742.10 Td (engagements, ) Tj ET Q q 0 0 0 rg BT 517.11 742.10 Td (design ) Tj ET Q q 0 0 0 rg BT 547.56 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (implementation ) Tj ET Q q 0 0 0 rg BT 115.34 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.24 730.10 Td (uniform ) Tj ET Q q 0 0 0 rg BT 161.03 730.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 194.15 730.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 227.82 730.10 Td (with ) Tj ET Q q 0 0 0 rg BT 248.17 730.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 276.28 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.64 730.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 308.64 730.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 343.15 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.16 730.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 390.50 730.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 441.95 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 452.30 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.09 730.10 Td (management ) Tj ET Q q 0 0 0 rg BT 520.76 730.10 Td (team. ) Tj ET Q q 0 0 0 rg BT 545.26 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.84 730.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 559.51 730.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Bok ) Tj ET Q q 0 0 0 rg BT 69.04 718.10 Td (further ) Tj ET Q q 0 0 0 rg BT 98.63 718.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 123.22 718.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 143.09 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.24 718.10 Td (her ) Tj ET Q q 0 0 0 rg BT 168.38 718.10 Td (role ) Tj ET Q q 0 0 0 rg BT 186.30 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 197.01 718.10 Td (Secretary) Tj ET Q q 0 0 0 rg BT 234.11 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 238.99 718.10 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 256.65 718.10 Td (Moran ) Tj ET Q q 0 0 0 rg BT 285.68 718.10 Td (has ) Tj ET Q q 0 0 0 rg BT 301.38 718.10 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 358.20 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 372.24 718.10 Td (coordinating ) Tj ET Q q 0 0 0 rg BT 425.15 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.97 718.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 483.77 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.37 718.10 Td (Firm) Tj ET Q q 0 0 0 rg BT 520.59 718.10 Td (s ) Tj ET Q q 0 0 0 rg BT 526.86 718.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 553.67 718.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 86.25 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.61 706.10 Td (committee ) Tj ET Q q 0 0 0 rg BT 148.75 706.10 Td (meetings ) Tj ET Q q 0 0 0 rg BT 187.78 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.15 706.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 246.97 706.10 Td (advice ) Tj ET Q q 0 0 0 rg BT 275.99 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.36 706.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 332.38 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 343.09 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.24 706.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 385.61 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.87 706.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 437.00 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.37 706.10 Td (management ) Tj ET Q q 0 0 0 rg BT 508.39 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 521.32 706.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 553.68 706.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 90.40 694.10 Td (governance. ) Tj ET Q q 0 0 0 rg BT 141.63 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 144.27 694.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 155.94 694.10 Td (. ) Tj ET Q q 0 0 0 rg BT 161.08 694.10 Td (Bok ) Tj ET Q q 0 0 0 rg BT 180.40 694.10 Td (further ) Tj ET Q q 0 0 0 rg BT 210.25 694.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 256.21 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.07 694.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 295.93 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.90 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.77 694.10 Td (of) Tj ET Q q 0 0 0 rg BT 329.91 694.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 343.66 694.10 Td (letter ) Tj ET Q q 0 0 0 rg BT 366.84 694.10 Td (given ) Tj ET Q q 0 0 0 rg BT 391.70 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.13 694.10 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 420.05 694.10 Td (Moran ) Tj ET Q q 0 0 0 rg BT 449.36 694.10 Td (when ) Tj ET Q q 0 0 0 rg BT 473.66 694.10 Td (she ) Tj ET Q q 0 0 0 rg BT 489.64 694.10 Td (joined ) Tj ET Q q 0 0 0 rg BT 517.28 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.14 694.10 Td (Firm ) Tj ET Q q 0 0 0 rg BT 554.23 694.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 74.72 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 101.38 682.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 138.05 682.10 Td (that ) Tj ET Q q 0 0 0 rg BT 155.26 682.10 Td (she ) Tj ET Q q 0 0 0 rg BT 170.82 682.10 Td (will ) Tj ET Q q 0 0 0 rg BT 188.60 682.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 219.68 682.10 Td (an ) Tj ET Q q 0 0 0 rg BT 231.34 682.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 272.43 682.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 304.65 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.20 682.10 Td (base ) Tj ET Q q 0 0 0 rg BT 335.19 682.10 Td (salary) Tj ET Q q 0 0 0 rg BT 358.42 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 363.14 682.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 383.14 682.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 409.25 682.10 Td (and ) Tj ET Q q 0 0 0 rg BT 425.91 682.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 451.48 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 465.36 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.80 682.10 Td (year ) Tj ET Q q 0 0 0 rg BT 499.23 682.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 521.46 682.10 Td (of ) Tj ET Q q 0 0 0 rg BT 532.01 682.10 Td (not ) Tj ET Q q 0 0 0 rg BT 547.01 682.10 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (than ) Tj ET Q q 0 0 0 rg BT 69.25 670.10 Td ($1,600,000, ) Tj ET Q q 0 0 0 rg BT 118.77 670.10 Td (with ) Tj ET Q q 0 0 0 rg BT 138.58 670.10 Td (not ) Tj ET Q q 0 0 0 rg BT 153.39 670.10 Td (more ) Tj ET Q q 0 0 0 rg BT 175.96 670.10 Td (than ) Tj ET Q q 0 0 0 rg BT 195.21 670.10 Td (half ) Tj ET Q q 0 0 0 rg BT 212.79 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.14 670.10 Td (her ) Tj ET Q q 0 0 0 rg BT 237.94 670.10 Td (total ) Tj ET Q q 0 0 0 rg BT 257.74 670.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 315.31 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.12 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.37 670.10 Td (form ) Tj ET Q q 0 0 0 rg BT 360.83 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.19 670.10 Td (RSUs. ) Tj ET Q q 0 0 0 rg BT 399.07 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 400.95 670.10 Td (The ) Tj ET Q q 0 0 0 rg BT 418.53 670.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 478.33 670.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 524.79 670.10 Td (approved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.55 658.10 Td (following ) Tj ET Q q 0 0 0 rg BT 105.77 658.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 144.76 658.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 202.64 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 216.63 658.10 Td (Ms.Moran ) Tj ET Q q 0 0 0 rg BT 263.41 658.10 Td (for ) Tj ET Q q 0 0 0 rg BT 277.41 658.10 Td (her ) Tj ET Q q 0 0 0 rg BT 292.51 658.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 345.37 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 355.48 658.10 Td (2015: ) Tj ET Q q 0 0 0 rg BT 380.60 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.37 658.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 407.48 658.10 Td (award ) Tj ET Q q 0 0 0 rg BT 434.24 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.90 658.10 Td ($199,500, ) Tj ET Q q 0 0 0 rg BT 487.24 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.01 658.10 Td (an ) Tj ET Q q 0 0 0 rg BT 515.79 658.10 Td (RSU ) Tj ET Q q 0 0 0 rg BT 537.58 658.10 Td (award ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 646.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 79.16 646.10 Td (at ) Tj ET Q q 0 0 0 rg BT 88.87 646.10 Td ($800,500, ) Tj ET Q q 0 0 0 rg BT 131.37 646.10 Td (which ) Tj ET Q q 0 0 0 rg BT 158.31 646.10 Td (RSU ) Tj ET Q q 0 0 0 rg BT 180.26 646.10 Td (award ) Tj ET Q q 0 0 0 rg BT 207.19 646.10 Td (constituted ) Tj ET Q q 0 0 0 rg BT 253.57 646.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 313.83 646.10 Td (49% ) Tj ET Q q 0 0 0 rg BT 334.66 646.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.49 646.10 Td (Ms.Moran) Tj ET Q q 0 0 0 rg BT 392.71 646.10 Td (s ) Tj ET Q q 0 0 0 rg BT 399.11 646.10 Td (total ) Tj ET Q q 0 0 0 rg BT 419.38 646.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 477.42 646.10 Td (for ) Tj ET Q q 0 0 0 rg BT 491.58 646.10 Td (2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 622.10 Td (Peer) Tj ET Q q 0 0 0 rg BT 69.24 622.10 Td ( Gr) Tj ET Q q 0 0 0 rg BT 83.78 622.10 Td (oups - Relative Performance and Pay Levels/Practices) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 601.10 Td (Competition ) Tj ET Q q 0 0 0 rg BT 120.62 601.10 Td (for) Tj ET Q q 0 0 0 rg BT 133.21 601.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.73 601.10 Td (T) Tj ET Q q 0 0 0 rg BT 142.48 601.10 Td (alent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.59 601.10 Td (. ) Tj ET Q q 0 0 0 rg BT 169.89 601.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.41 601.10 Td (W) Tj ET Q q 0 0 0 rg BT 182.05 601.10 Td (e ) Tj ET Q q 0 0 0 rg BT 190.28 601.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 223.50 601.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.07 601.10 Td (a ) Tj ET Q q 0 0 0 rg BT 243.30 601.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 272.65 601.10 Td (competitive ) Tj ET Q q 0 0 0 rg BT 323.66 601.10 Td (industry) Tj ET Q q 0 0 0 rg BT 355.78 601.10 Td (, ) Tj ET Q q 0 0 0 rg BT 362.08 601.10 Td (where ) Tj ET Q q 0 0 0 rg BT 390.30 601.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 434.65 601.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 482.32 601.10 Td (bankers ) Tj ET Q q 0 0 0 rg BT 517.22 601.10 Td (can ) Tj ET Q q 0 0 0 rg BT 534.89 601.10 Td (have ) Tj ET Q q 0 0 0 rg BT 557.56 601.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.48 589.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 123.96 589.10 Td (on ) Tj ET Q q 0 0 0 rg BT 136.23 589.10 Td (both ) Tj ET Q q 0 0 0 rg BT 156.27 589.10 Td (near) Tj ET Q q 0 0 0 rg BT 173.28 589.10 Td (- ) Tj ET Q q 0 0 0 rg BT 178.87 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.58 589.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 237.28 589.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 271.19 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.90 589.10 Td (on ) Tj ET Q q 0 0 0 rg BT 300.17 589.10 Td (their ) Tj ET Q q 0 0 0 rg BT 320.76 589.10 Td (employer) Tj ET Q q 0 0 0 rg BT 358.89 589.10 Td () Tj ET Q q 0 0 0 rg BT 361.67 589.10 Td (s ) Tj ET Q q 0 0 0 rg BT 367.83 589.10 Td (reputation. ) Tj ET Q q 0 0 0 rg BT 413.14 589.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.41 589.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 433.23 589.10 Td (competitors ) Tj ET Q q 0 0 0 rg BT 482.70 589.10 Td (for ) Tj ET Q q 0 0 0 rg BT 496.63 589.10 Td (talent, ) Tj ET Q q 0 0 0 rg BT 523.61 589.10 Td (as ) Tj ET Q q 0 0 0 rg BT 534.21 589.10 Td (well ) Tj ET Q q 0 0 0 rg BT 553.69 589.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.24 577.10 Td (clients, ) Tj ET Q q 0 0 0 rg BT 93.43 577.10 Td (fall ) Tj ET Q q 0 0 0 rg BT 108.33 577.10 Td (lar) Tj ET Q q 0 0 0 rg BT 118.70 577.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 137.50 577.10 Td (into ) Tj ET Q q 0 0 0 rg BT 154.63 577.10 Td (four ) Tj ET Q q 0 0 0 rg BT 172.88 577.10 Td (categories: ) Tj ET Q q 0 0 0 rg BT 217.77 577.10 Td (lar) Tj ET Q q 0 0 0 rg BT 228.13 577.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 239.15 577.10 Td (global ) Tj ET Q q 0 0 0 rg BT 265.73 577.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 293.14 577.10 Td (lar) Tj ET Q q 0 0 0 rg BT 303.51 577.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 314.53 577.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 348.87 577.10 Td (banks, ) Tj ET Q q 0 0 0 rg BT 376.28 577.10 Td (publicly ) Tj ET Q q 0 0 0 rg BT 410.64 577.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 433.88 577.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 484.33 577.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 529.80 577.10 Td (banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (firms ) Tj ET Q q 0 0 0 rg BT 73.61 565.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.55 565.10 Td (closely ) Tj ET Q q 0 0 0 rg BT 121.37 565.10 Td (held ) Tj ET Q q 0 0 0 rg BT 141.09 565.10 Td (boutique ) Tj ET Q q 0 0 0 rg BT 178.58 565.10 Td (firms.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 544.10 Td (Relative ) Tj ET Q q 0 0 0 rg BT 100.94 544.10 Td (Performance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.47 544.10 Td (. ) Tj ET Q q 0 0 0 rg BT 161.42 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.71 544.10 Td (When ) Tj ET Q q 0 0 0 rg BT 190.04 544.10 Td (reviewing ) Tj ET Q q 0 0 0 rg BT 232.48 544.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 264.92 544.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 320.40 544.10 Td (we ) Tj ET Q q 0 0 0 rg BT 334.52 544.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 374.18 544.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 413.83 544.10 Td (other ) Tj ET Q q 0 0 0 rg BT 436.83 544.10 Td (public, ) Tj ET Q q 0 0 0 rg BT 466.78 544.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 518.11 544.10 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (banks: ) Tj ET Q q 0 0 0 rg BT 78.61 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.11 532.10 Td (Lazard, ) Tj ET Q q 0 0 0 rg BT 113.86 532.10 Td (Evercore ) Tj ET Q q 0 0 0 rg BT 152.45 532.10 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 190.21 532.10 Td (Moelis ) Tj ET Q q 0 0 0 rg BT 220.49 532.10 Td (& ) Tj ET Q q 0 0 0 rg BT 230.77 532.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 272.16 532.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 291.60 532.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 345.75 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.03 532.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 381.03 532.10 Td (PJT) Tj ET Q q 0 0 0 rg BT 396.41 532.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.91 532.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 434.17 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.11 532.10 Td (Houlihan ) Tj ET Q q 0 0 0 rg BT 490.83 532.10 Td (Lokey) Tj ET Q q 0 0 0 rg BT 515.73 532.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 511.10 Td (Relative ) Tj ET Q q 0 0 0 rg BT 100.97 511.10 Td (Pay ) Tj ET Q q 0 0 0 rg BT 119.55 511.10 Td (Levels/Practices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.41 511.10 Td (. ) Tj ET Q q 0 0 0 rg BT 193.39 511.10 Td ( ) Tj ET Q q 0 0 0 rg BT 195.87 511.10 Td (During ) Tj ET Q q 0 0 0 rg BT 226.68 511.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 251.66 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.36 511.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 326.62 511.10 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 376.03 511.10 Td (working ) Tj ET Q q 0 0 0 rg BT 411.84 511.10 Td (with ) Tj ET Q q 0 0 0 rg BT 432.10 511.10 Td (management, ) Tj ET Q q 0 0 0 rg BT 488.17 511.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 531.75 511.10 Td (a ) Tj ET Q q 0 0 0 rg BT 538.67 511.10 Td (group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.76 499.10 Td (peer ) Tj ET Q q 0 0 0 rg BT 78.40 499.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 122.59 499.10 Td (which ) Tj ET Q q 0 0 0 rg BT 148.46 499.10 Td (it ) Tj ET Q q 0 0 0 rg BT 155.44 499.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 189.64 499.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 225.51 499.10 Td (a ) Tj ET Q q 0 0 0 rg BT 231.37 499.10 Td (meaningful ) Tj ET Q q 0 0 0 rg BT 278.35 499.10 Td (gauge ) Tj ET Q q 0 0 0 rg BT 303.65 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.41 499.10 Td (current ) Tj ET Q q 0 0 0 rg BT 343.16 499.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 359.03 499.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 395.99 499.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.86 499.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 439.11 499.10 Td (as ) Tj ET Q q 0 0 0 rg BT 448.87 499.10 Td (well ) Tj ET Q q 0 0 0 rg BT 467.52 499.10 Td (as ) Tj ET Q q 0 0 0 rg BT 477.28 499.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 506.47 499.10 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (trends: ) Tj ET Q q 0 0 0 rg BT 79.39 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 81.56 487.10 Td (Lazard, ) Tj ET Q q 0 0 0 rg BT 113.99 487.10 Td (Evercore ) Tj ET Q q 0 0 0 rg BT 152.24 487.10 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 189.68 487.10 Td (Moelis ) Tj ET Q q 0 0 0 rg BT 219.63 487.10 Td (& ) Tj ET Q q 0 0 0 rg BT 229.58 487.10 Td (Company) Tj ET Q q 0 0 0 rg BT 267.82 487.10 Td (, ) Tj ET Q q 0 0 0 rg BT 272.49 487.10 Td (PJT) Tj ET Q q 0 0 0 rg BT 287.87 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.04 487.10 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 327.49 487.10 Td (Houlihan ) Tj ET Q q 0 0 0 rg BT 366.87 487.10 Td (Lokey) Tj ET Q q 0 0 0 rg BT 391.77 487.10 Td (, ) Tj ET Q q 0 0 0 rg BT 396.44 487.10 Td (Stifel ) Tj ET Q q 0 0 0 rg BT 420.28 487.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 459.66 487.10 Td (Corp., ) Tj ET Q q 0 0 0 rg BT 486.84 487.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.45 487.10 Td (Cowen ) Tj ET Q q 0 0 0 rg BT 533.95 487.10 Td (Group. ) Tj ET Q q 0 0 0 rg BT 564.50 487.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.36 475.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 128.95 475.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 176.20 475.10 Td (did ) Tj ET Q q 0 0 0 rg BT 191.79 475.10 Td (not ) Tj ET Q q 0 0 0 rg BT 207.39 475.10 Td (tar) Tj ET Q q 0 0 0 rg BT 217.75 475.10 Td (get ) Tj ET Q q 0 0 0 rg BT 232.78 475.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 291.14 475.10 Td (at ) Tj ET Q q 0 0 0 rg BT 301.17 475.10 Td (a ) Tj ET Q q 0 0 0 rg BT 308.42 475.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 349.55 475.10 Td (level ) Tj ET Q q 0 0 0 rg BT 371.79 475.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 404.59 475.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.18 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.21 475.10 Td (peer ) Tj ET Q q 0 0 0 rg BT 450.23 475.10 Td (group ) Tj ET Q q 0 0 0 rg BT 476.38 475.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 490.85 475.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 525.87 475.10 Td (subset ) Tj ET Q q 0 0 0 rg BT 553.68 475.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.10 463.10 Td (group\). ) Tj ET Q q 0 0 0 rg BT 96.93 463.10 Td (T) Tj ET Q q 0 0 0 rg BT 102.34 463.10 Td (o ) Tj ET Q q 0 0 0 rg BT 110.23 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.32 463.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 152.64 463.10 Td (investors ) Tj ET Q q 0 0 0 rg BT 191.63 463.10 Td (use ) Tj ET Q q 0 0 0 rg BT 207.84 463.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.16 463.10 Td (peer ) Tj ET Q q 0 0 0 rg BT 235.25 463.10 Td (group ) Tj ET Q q 0 0 0 rg BT 261.47 463.10 Td (for ) Tj ET Q q 0 0 0 rg BT 276.01 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.11 463.10 Td (Firm ) Tj ET Q q 0 0 0 rg BT 313.44 463.10 Td (to ) Tj ET Q q 0 0 0 rg BT 324.10 463.10 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 371.41 463.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 388.73 463.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 414.93 463.10 Td (or ) Tj ET Q q 0 0 0 rg BT 426.15 463.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 443.47 463.10 Td (practices, ) Tj ET Q q 0 0 0 rg BT 484.38 463.10 Td (we ) Tj ET Q q 0 0 0 rg BT 498.92 463.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 530.68 463.10 Td (this ) Tj ET Q q 0 0 0 rg BT 548.01 463.10 Td (is ) Tj ET Q q 0 0 0 rg BT 557.56 463.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 95.25 451.10 Td (group ) Tj ET Q q 0 0 0 rg BT 121.08 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.91 451.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 179.68 451.10 Td (considering ) Tj ET Q q 0 0 0 rg BT 228.83 451.10 Td (size ) Tj ET Q q 0 0 0 rg BT 246.88 451.10 Td (and ) Tj ET Q q 0 0 0 rg BT 263.82 451.10 Td (business ) Tj ET Q q 0 0 0 rg BT 300.21 451.10 Td (model.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (What) Tj ET Q q 0 0 0 rg BT 76.85 427.10 Td (s New For) Tj ET Q q 0 0 0 rg BT 119.99 427.10 Td ( 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 406.10 Td (New ) Tj ET Q q 0 0 0 rg BT 84.04 406.10 Td (Component ) Tj ET Q q 0 0 0 rg BT 135.71 406.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.70 406.10 Td (CEO ) Tj ET Q q 0 0 0 rg BT 169.04 406.10 Td (Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.71 406.10 Td (. ) Tj ET Q q 0 0 0 rg BT 234.87 406.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.54 406.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 253.75 406.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 313.19 406.10 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 361.79 406.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.23 406.10 Td (consultation ) Tj ET Q q 0 0 0 rg BT 421.77 406.10 Td (with ) Tj ET Q q 0 0 0 rg BT 441.21 406.10 Td (CAP) Tj ET Q q 0 0 0 rg BT 459.56 406.10 Td (, ) Tj ET Q q 0 0 0 rg BT 463.72 406.10 Td (introduced ) Tj ET Q q 0 0 0 rg BT 508.15 406.10 Td (performance-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.82 394.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 114.08 394.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 137.25 394.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 170.12 394.10 Td (or ) Tj ET Q q 0 0 0 rg BT 180.51 394.10 Td (PRSUs, ) Tj ET Q q 0 0 0 rg BT 213.97 394.10 Td (as ) Tj ET Q q 0 0 0 rg BT 224.36 394.10 Td (part ) Tj ET Q q 0 0 0 rg BT 241.96 394.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.34 394.10 Td (our ) Tj ET Q q 0 0 0 rg BT 267.73 394.10 Td (CEO) Tj ET Q q 0 0 0 rg BT 290.51 394.10 Td (s ) Tj ET Q q 0 0 0 rg BT 296.46 394.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 337.94 394.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 376.65 394.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 434.25 394.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 476.30 394.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.13 394.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 510.69 394.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.74 394.10 Td (In ) Tj ET Q q 0 0 0 rg BT 523.13 394.10 Td (designing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.53 382.10 Td (PRSU ) Tj ET Q q 0 0 0 rg BT 91.86 382.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 121.10 382.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.63 382.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 195.72 382.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 242.48 382.10 Td (tar) Tj ET Q q 0 0 0 rg BT 252.84 382.10 Td (geted ) Tj ET Q q 0 0 0 rg BT 276.81 382.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 329.65 382.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 353.07 382.10 Td (that ) Tj ET Q q 0 0 0 rg BT 370.38 382.10 Td (would ) Tj ET Q q 0 0 0 rg BT 397.70 382.10 Td (both ) Tj ET Q q 0 0 0 rg BT 417.79 382.10 Td (advance ) Tj ET Q q 0 0 0 rg BT 452.86 382.10 Td (our ) Tj ET Q q 0 0 0 rg BT 468.50 382.10 Td (business ) Tj ET Q q 0 0 0 rg BT 504.71 382.10 Td (objectives ) Tj ET Q q 0 0 0 rg BT 547.56 382.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.44 370.10 Td (responsive ) Tj ET Q q 0 0 0 rg BT 108.21 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.99 370.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 168.65 370.10 Td (feedback. ) Tj ET Q q 0 0 0 rg BT 210.24 370.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.03 370.10 Td (The ) Tj ET Q q 0 0 0 rg BT 231.58 370.10 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 263.48 370.10 Td (tie ) Tj ET Q q 0 0 0 rg BT 276.48 370.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 335.03 370.10 Td (outcomes ) Tj ET Q q 0 0 0 rg BT 376.36 370.10 Td (for ) Tj ET Q q 0 0 0 rg BT 391.02 370.10 Td (our ) Tj ET Q q 0 0 0 rg BT 407.35 370.10 Td (CEO ) Tj ET Q q 0 0 0 rg BT 430.35 370.10 Td (from ) Tj ET Q q 0 0 0 rg BT 452.80 370.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 475.80 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 486.58 370.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 509.58 370.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.36 370.10 Td (multi-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 86.99 358.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 118.14 358.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 143.20 358.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.48 358.10 Td (total ) Tj ET Q q 0 0 0 rg BT 181.09 358.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 230.59 358.10 Td (return ) Tj ET Q q 0 0 0 rg BT 257.31 358.10 Td (\(TSR\) ) Tj ET Q q 0 0 0 rg BT 294.03 358.10 Td (goals, ) Tj ET Q q 0 0 0 rg BT 320.47 358.10 Td (each ) Tj ET Q q 0 0 0 rg BT 341.63 358.10 Td (equally ) Tj ET Q q 0 0 0 rg BT 373.91 358.10 Td (weighted, ) Tj ET Q q 0 0 0 rg BT 415.90 358.10 Td (as ) Tj ET Q q 0 0 0 rg BT 427.07 358.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 476.00 358.10 Td (described ) Tj ET Q q 0 0 0 rg BT 517.16 358.10 Td (below) Tj ET Q q 0 0 0 rg BT 540.95 358.10 Td (. ) Tj ET Q q 0 0 0 rg BT 546.29 358.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.92 358.10 Td (W) Tj ET Q q 0 0 0 rg BT 557.56 358.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 81.37 346.10 Td (these ) Tj ET Q q 0 0 0 rg BT 104.42 346.10 Td (three-year ) Tj ET Q q 0 0 0 rg BT 147.44 346.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 171.05 346.10 Td (are ) Tj ET Q q 0 0 0 rg BT 185.76 346.10 Td (rigorous.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 47 335.6 m 47 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 335.6 m 170 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 47 335.6 m 170 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 47 302.6 m 170 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 335.6 m 170 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 335.6 m 301 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 335.6 m 301 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 302.6 m 301 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 335.6 m 301 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 335.6 m 433 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 335.6 m 433 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 302.6 m 433 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 335.6 m 433 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 564 335.6 m 564 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 335.6 m 564 335.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 302.6 m 564 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 47 302.6 m 47 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 302.6 m 170 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 47 302.6 m 170 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 47 278.6 m 170 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 302.6 m 170 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 302.6 m 301 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 302.6 m 301 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 278.6 m 301 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 302.6 m 301 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 302.6 m 433 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 302.6 m 433 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 278.6 m 433 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 302.6 m 433 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 564 302.6 m 564 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 302.6 m 564 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 278.6 m 564 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 47 278.6 m 47 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 278.6 m 170 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 47 278.6 m 170 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 47 254.60000000000002 m 170 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 278.6 m 170 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 278.6 m 301 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 278.6 m 301 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 254.60000000000002 m 301 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 278.6 m 301 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 278.6 m 433 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 278.6 m 433 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 254.60000000000002 m 433 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 278.6 m 433 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 564 278.6 m 564 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 278.6 m 564 278.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 254.60000000000002 m 564 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 47 254.60000000000002 m 47 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 254.60000000000002 m 170 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 47 254.60000000000002 m 170 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 47 230.60000000000002 m 170 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 254.60000000000002 m 170 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 254.60000000000002 m 301 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 254.60000000000002 m 301 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 230.60000000000002 m 301 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 254.60000000000002 m 301 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 254.60000000000002 m 433 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 254.60000000000002 m 433 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 230.60000000000002 m 433 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 254.60000000000002 m 433 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 564 254.60000000000002 m 564 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 254.60000000000002 m 564 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 230.60000000000002 m 564 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 47 230.60000000000002 m 47 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 230.60000000000002 m 170 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 47 230.60000000000002 m 170 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 47 206.60000000000002 m 170 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 230.60000000000002 m 170 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 230.60000000000002 m 301 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 230.60000000000002 m 301 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 170 206.60000000000002 m 301 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 230.60000000000002 m 301 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 230.60000000000002 m 433 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 230.60000000000002 m 433 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 301 206.60000000000002 m 433 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 230.60000000000002 m 433 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 564 230.60000000000002 m 564 206.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 230.60000000000002 m 564 230.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 206.60000000000002 m 564 206.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 317.28 Td (2016-2018 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 307.28 Td (Performance Period) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 175.50 326.33 Td (A) Tj ET Q q 0 0 0 rg BT 181.98 326.33 Td (verage ) Tj ET Q q 0 0 0 rg BT 212.24 326.33 Td (Annual Revenue as ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 232.50 316.33 Td (a ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 200.00 306.33 Td (Multiple of 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 332.15 307.28 Td (Pre-Tax Margin) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.50 317.28 Td (Total Stockholder Return) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.90 307.28 Td (\(CAGR\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 293.33 Td (Thr) Tj ET Q q 0 0 0 rg BT 65.99 293.33 Td (eshold Goal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.17 Td (\(Payout Factor = 50%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.25 283.27 Td (1.1x) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.55 283.27 Td (22.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.05 283.27 Td (10.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 269.33 Td (T) Tj ET Q q 0 0 0 rg BT 55.25 269.33 Td (arget Goal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.17 Td (\(Payout Factor = 100%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.75 259.27 Td (1.15x) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.55 259.27 Td (25.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.05 259.27 Td (15.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 245.33 Td (Upside Goal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.17 Td (\(Payout Factor = 200%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.25 235.27 Td (1.2x) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.55 235.27 Td (26.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.05 235.27 Td (20.0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 221.33 Td (Maximum Goal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 211.17 Td (\(Payout Factor = 250%\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.75 211.27 Td (1.25x) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.55 211.27 Td (28.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.05 211.27 Td (25.0%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 186.10 Td (The ) Tj ET Q q 0 0 0 rg BT 81.27 186.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 141.26 186.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 187.91 186.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 224.00 186.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 235.67 186.10 Td (. ) Tj ET Q q 0 0 0 rg BT 240.39 186.10 Td (Bok ) Tj ET Q q 0 0 0 rg BT 259.28 186.10 Td (1) Tj ET Q q 0 0 0 rg BT 263.90 186.10 Td (15,473 ) Tj ET Q q 0 0 0 rg BT 293.62 186.10 Td (PRSUs ) Tj ET Q q 0 0 0 rg BT 324.75 186.10 Td (\(at ) Tj ET Q q 0 0 0 rg BT 337.51 186.10 Td (tar) Tj ET Q q 0 0 0 rg BT 347.88 186.10 Td (get ) Tj ET Q q 0 0 0 rg BT 362.31 186.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 415.05 186.10 Td (level\). ) Tj ET Q q 0 0 0 rg BT 442.54 186.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.26 186.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 463.70 186.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 521.46 186.10 Td (ultimately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 174.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 78.86 174.10 Td (for ) Tj ET Q q 0 0 0 rg BT 92.74 174.10 Td (this ) Tj ET Q q 0 0 0 rg BT 109.41 174.10 Td (award ) Tj ET Q q 0 0 0 rg BT 136.06 174.10 Td (will ) Tj ET Q q 0 0 0 rg BT 153.84 174.10 Td (be ) Tj ET Q q 0 0 0 rg BT 165.49 174.10 Td (based ) Tj ET Q q 0 0 0 rg BT 190.48 174.10 Td (on ) Tj ET Q q 0 0 0 rg BT 202.70 174.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 255.44 174.10 Td (during ) Tj ET Q q 0 0 0 rg BT 283.77 174.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 308.49 174.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 330.71 174.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.37 174.10 Td (2018. ) Tj ET Q q 0 0 0 rg BT 372.08 174.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.30 174.10 Td (In ) Tj ET Q q 0 0 0 rg BT 384.85 174.10 Td (measuring ) Tj ET Q q 0 0 0 rg BT 428.73 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.16 174.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 495.91 174.10 Td (against ) Tj ET Q q 0 0 0 rg BT 526.46 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.89 174.10 Td (goals ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 162.10 Td (for ) Tj ET Q q 0 0 0 rg BT 64.91 162.10 Td (each ) Tj ET Q q 0 0 0 rg BT 86.47 162.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 140.24 162.10 Td (metric ) Tj ET Q q 0 0 0 rg BT 169.03 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.71 162.10 Td (calculating ) Tj ET Q q 0 0 0 rg BT 233.83 162.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.29 162.10 Td (related ) Tj ET Q q 0 0 0 rg BT 279.74 162.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 310.21 162.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 343.16 162.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 396.93 162.10 Td (will ) Tj ET Q q 0 0 0 rg BT 415.74 162.10 Td (be ) Tj ET Q q 0 0 0 rg BT 428.42 162.10 Td (linearly ) Tj ET Q q 0 0 0 rg BT 462.21 162.10 Td (interpolated ) Tj ET Q q 0 0 0 rg BT 513.22 162.10 Td (between ) Tj ET Q q 0 0 0 rg BT 549.78 162.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 150.10 Td (percentages ) Tj ET Q q 0 0 0 rg BT 99.87 150.10 Td (set ) Tj ET Q q 0 0 0 rg BT 113.66 150.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 135.77 150.10 Td (in ) Tj ET Q q 0 0 0 rg BT 146.23 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.13 150.10 Td (table ) Tj ET Q q 0 0 0 rg BT 183.24 150.10 Td (above ) Tj ET Q q 0 0 0 rg BT 209.79 150.10 Td (based ) Tj ET Q q 0 0 0 rg BT 235.24 150.10 Td (on ) Tj ET Q q 0 0 0 rg BT 247.92 150.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 274.47 150.10 Td (results ) Tj ET Q q 0 0 0 rg BT 303.25 150.10 Td (as ) Tj ET Q q 0 0 0 rg BT 314.26 150.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 361.92 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.04 150.10 Td (certified ) Tj ET Q q 0 0 0 rg BT 415.03 150.10 Td (by ) Tj ET Q q 0 0 0 rg BT 427.71 150.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.60 150.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 503.05 150.10 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 552.67 150.10 Td ( ) Tj ET Q q 0 0 0 rg BT 555.35 150.10 Td (If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.74 138.10 Td (achievement ) Tj ET Q q 0 0 0 rg BT 117.80 138.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.65 138.10 Td (a ) Tj ET Q q 0 0 0 rg BT 135.62 138.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 188.67 138.10 Td (metric ) Tj ET Q q 0 0 0 rg BT 216.74 138.10 Td (is ) Tj ET Q q 0 0 0 rg BT 225.94 138.10 Td (below ) Tj ET Q q 0 0 0 rg BT 252.90 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 267.64 138.10 Td (threshold ) Tj ET Q q 0 0 0 rg BT 307.39 138.10 Td (goal, ) Tj ET Q q 0 0 0 rg BT 329.63 138.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.38 138.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 374.12 138.10 Td (factor ) Tj ET Q q 0 0 0 rg BT 399.96 138.10 Td (for ) Tj ET Q q 0 0 0 rg BT 414.15 138.10 Td (such ) Tj ET Q q 0 0 0 rg BT 435.00 138.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 488.05 138.10 Td (metric ) Tj ET Q q 0 0 0 rg BT 516.12 138.10 Td (will ) Tj ET Q q 0 0 0 rg BT 534.21 138.10 Td (be ) Tj ET Q q 0 0 0 rg BT 546.17 138.10 Td (0%. ) Tj ET Q q 0 0 0 rg BT 564.50 138.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 126.10 Td (The ) Tj ET Q q 0 0 0 rg BT 68.05 126.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 111.10 126.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 140.82 126.10 Td (under ) Tj ET Q q 0 0 0 rg BT 166.08 126.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.80 126.10 Td (award ) Tj ET Q q 0 0 0 rg BT 207.73 126.10 Td (is ) Tj ET Q q 0 0 0 rg BT 216.90 126.10 Td (250% ) Tj ET Q q 0 0 0 rg BT 242.73 126.10 Td (x ) Tj ET Q q 0 0 0 rg BT 250.23 126.10 Td (1) Tj ET Q q 0 0 0 rg BT 254.86 126.10 Td (15,473, ) Tj ET Q q 0 0 0 rg BT 287.36 126.10 Td (or ) Tj ET Q q 0 0 0 rg BT 298.19 126.10 Td (288,683 ) Tj ET Q q 0 0 0 rg BT 333.19 126.10 Td (PRSUs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 105.10 Td (W) Tj ET Q q 0 0 0 rg BT 72.14 105.10 Td (e ) Tj ET Q q 0 0 0 rg BT 79.00 105.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 113.63 105.10 Td (these ) Tj ET Q q 0 0 0 rg BT 136.60 105.10 Td (three ) Tj ET Q q 0 0 0 rg BT 159.01 105.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 211.96 105.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 243.82 105.10 Td (based ) Tj ET Q q 0 0 0 rg BT 269.02 105.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 291.44 105.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.08 105.10 Td (importance ) Tj ET Q q 0 0 0 rg BT 353.49 105.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 382.01 105.10 Td (on ) Tj ET Q q 0 0 0 rg BT 394.44 105.10 Td (these ) Tj ET Q q 0 0 0 rg BT 417.41 105.10 Td (metrics ) Tj ET Q q 0 0 0 rg BT 449.27 105.10 Td (by ) Tj ET Q q 0 0 0 rg BT 461.69 105.10 Td (our ) Tj ET Q q 0 0 0 rg BT 477.45 105.10 Td (stockholders, ) Tj ET Q q 0 0 0 rg BT 532.92 105.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.79 105.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.10 Td (importance ) Tj ET Q q 0 0 0 rg BT 97.96 93.10 Td (our ) Tj ET Q q 0 0 0 rg BT 114.27 93.10 Td (business ) Tj ET Q q 0 0 0 rg BT 151.14 93.10 Td (and ) Tj ET Q q 0 0 0 rg BT 168.55 93.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 204.31 93.10 Td (places ) Tj ET Q q 0 0 0 rg BT 232.28 93.10 Td (on ) Tj ET Q q 0 0 0 rg BT 245.25 93.10 Td (top ) Tj ET Q q 0 0 0 rg BT 261.01 93.10 Td (line ) Tj ET Q q 0 0 0 rg BT 278.98 93.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 317.50 93.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.92 93.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 366.21 93.10 Td (mar) Tj ET Q q 0 0 0 rg BT 381.58 93.10 Td (gin. ) Tj ET Q q 0 0 0 rg BT 399.83 93.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.81 93.10 Td (In ) Tj ET Q q 0 0 0 rg BT 414.12 93.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 452.37 93.10 Td (we ) Tj ET Q q 0 0 0 rg BT 467.01 93.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 498.86 93.10 Td (there ) Tj ET Q q 0 0 0 rg BT 521.83 93.10 Td (is ) Tj ET Q q 0 0 0 rg BT 531.47 93.10 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.10 Td (among ) Tj ET Q q 0 0 0 rg BT 80.21 81.10 Td (these ) Tj ET Q q 0 0 0 rg BT 103.75 81.10 Td (measures, ) Tj ET Q q 0 0 0 rg BT 146.45 81.10 Td (i.e., ) Tj ET Q q 0 0 0 rg BT 164.16 81.10 Td (a ) Tj ET Q q 0 0 0 rg BT 171.59 81.10 Td (top ) Tj ET Q q 0 0 0 rg BT 187.36 81.10 Td (line ) Tj ET Q q 0 0 0 rg BT 205.34 81.10 Td (metric ) Tj ET Q q 0 0 0 rg BT 233.88 81.10 Td (\(revenue/growth\), ) Tj ET Q q 0 0 0 rg BT 308.79 81.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.22 81.10 Td (bottom ) Tj ET Q q 0 0 0 rg BT 347.54 81.10 Td (line ) Tj ET Q q 0 0 0 rg BT 365.53 81.10 Td (metric ) Tj ET Q q 0 0 0 rg BT 394.06 81.10 Td (\(profitability\), ) Tj ET Q q 0 0 0 rg BT 453.99 81.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.42 81.10 Td (a ) Tj ET Q q 0 0 0 rg BT 478.85 81.10 Td (market ) Tj ET Q q 0 0 0 rg BT 509.60 81.10 Td (return ) Tj ET Q q 0 0 0 rg BT 536.47 81.10 Td (metric ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 69.10 Td (\(TSR\). ) Tj ET Q q 0 0 0 rg BT 80.70 69.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.89 69.10 Td (In ) Tj ET Q q 0 0 0 rg BT 95.42 69.10 Td (setting ) Tj ET Q q 0 0 0 rg BT 125.28 69.10 Td (these ) Tj ET Q q 0 0 0 rg BT 149.03 69.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 202.75 69.10 Td (goals, ) Tj ET Q q 0 0 0 rg BT 229.55 69.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.97 69.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 305.94 69.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 353.57 69.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 400.09 69.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 449.94 69.10 Td (communications, ) Tj ET Q q 0 0 0 rg BT 521.74 69.10 Td (as ) Tj ET Q q 0 0 0 rg BT 533.26 69.10 Td (well ) Tj ET Q q 0 0 0 rg BT 553.68 69.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 57.10 Td (input ) Tj ET Q q 0 0 0 rg BT 73.90 57.10 Td (from ) Tj ET Q q 0 0 0 rg BT 96.68 57.10 Td (both ) Tj ET Q q 0 0 0 rg BT 117.80 57.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.36 57.10 Td (CEO ) Tj ET Q q 0 0 0 rg BT 156.70 57.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.48 57.10 Td (CAP) Tj ET Q q 0 0 0 rg BT 192.83 57.10 Td (. ) Tj ET Q q 0 0 0 rg BT 198.43 57.10 Td (The ) Tj ET Q q 0 0 0 rg BT 217.32 57.10 Td (goals ) Tj ET Q q 0 0 0 rg BT 241.77 57.10 Td (were ) Tj ET Q q 0 0 0 rg BT 264.54 57.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 291.21 57.10 Td (against ) Tj ET Q q 0 0 0 rg BT 322.87 57.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 377.86 57.10 Td (results, ) Tj ET Q q 0 0 0 rg BT 409.81 57.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.59 57.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 467.58 57.10 Td (against ) Tj ET Q q 0 0 0 rg BT 499.24 57.10 Td (our ) Tj ET Q q 0 0 0 rg BT 515.92 57.10 Td (prospective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 45.10 Td (business ) Tj ET Q q 0 0 0 rg BT 86.39 45.10 Td (objectives ) Tj ET Q q 0 0 0 rg BT 129.43 45.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.37 45.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 181.65 45.10 Td (expectations.) Tj ET Q endstream endobj 109 0 obj <> endobj 110 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (54) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Other) Tj ET Q q 0 0 0 rg BT 75.37 730.10 Td ( Compensation Pr) Tj ET Q q 0 0 0 rg BT 152.41 730.10 Td (ogram and Governance Featur) Tj ET Q q 0 0 0 rg BT 284.15 730.10 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 709.10 Td (No ) Tj ET Q q 0 0 0 rg BT 77.79 709.10 Td (Guarantees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.23 709.10 Td (. ) Tj ET Q q 0 0 0 rg BT 131.80 709.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.72 709.10 Td (W) Tj ET Q q 0 0 0 rg BT 142.36 709.10 Td (e ) Tj ET Q q 0 0 0 rg BT 148.86 709.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 195.92 709.10 Td (have ) Tj ET Q q 0 0 0 rg BT 216.87 709.10 Td (had ) Tj ET Q q 0 0 0 rg BT 233.38 709.10 Td (a ) Tj ET Q q 0 0 0 rg BT 239.89 709.10 Td (no ) Tj ET Q q 0 0 0 rg BT 256.39 709.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 305.65 709.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 332.72 709.10 Td (\(with ) Tj ET Q q 0 0 0 rg BT 355.90 709.10 Td (exceptions ) Tj ET Q q 0 0 0 rg BT 400.73 709.10 Td (only ) Tj ET Q q 0 0 0 rg BT 420.58 709.10 Td (for ) Tj ET Q q 0 0 0 rg BT 434.31 709.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.59 709.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 473.99 709.10 Td (period ) Tj ET Q q 0 0 0 rg BT 501.61 709.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.01 709.10 Td (employment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.91 697.10 Td (newly ) Tj ET Q q 0 0 0 rg BT 85.93 697.10 Td (recruited ) Tj ET Q q 0 0 0 rg BT 123.05 697.10 Td (named ) Tj ET Q q 0 0 0 rg BT 151.28 697.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 191.18 697.10 Td (of) Tj ET Q q 0 0 0 rg BT 199.33 697.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 223.12 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.14 697.10 Td (other ) Tj ET Q q 0 0 0 rg BT 261.26 697.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 287.29 697.10 Td (professionals\) ) Tj ET Q q 0 0 0 rg BT 344.97 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.99 697.10 Td (no ) Tj ET Q q 0 0 0 rg BT 372.57 697.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 418.57 697.10 Td (entitlement ) Tj ET Q q 0 0 0 rg BT 465.14 697.10 Td (to ) Tj ET Q q 0 0 0 rg BT 474.50 697.10 Td (severance. ) Tj ET Q q 0 0 0 rg BT 517.99 697.10 Td ( ) Tj ET Q q 0 0 0 rg BT 519.46 697.10 Td (T) Tj ET Q q 0 0 0 rg BT 524.87 697.10 Td (o ) Tj ET Q q 0 0 0 rg BT 531.45 697.10 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (further ) Tj ET Q q 0 0 0 rg BT 79.78 685.10 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 121.79 685.10 Td (with ) Tj ET Q q 0 0 0 rg BT 142.13 685.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 173.02 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.37 685.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 235.93 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 252.94 685.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 311.05 685.10 Td (matters, ) Tj ET Q q 0 0 0 rg BT 345.55 685.10 Td (we ) Tj ET Q q 0 0 0 rg BT 359.78 685.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 407.34 685.10 Td (have ) Tj ET Q q 0 0 0 rg BT 428.79 685.10 Td (maintained ) Tj ET Q q 0 0 0 rg BT 475.79 685.10 Td (a ) Tj ET Q q 0 0 0 rg BT 482.79 685.10 Td (flexible ) Tj ET Q q 0 0 0 rg BT 515.91 685.10 Td (termination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 84.97 673.10 Td (with ) Tj ET Q q 0 0 0 rg BT 106.08 673.10 Td (no ) Tj ET Q q 0 0 0 rg BT 119.41 673.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 167.16 673.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 193.27 673.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.38 673.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 247.15 673.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 300.47 673.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 327.68 673.10 Td (than ) Tj ET Q q 0 0 0 rg BT 348.23 673.10 Td (for ) Tj ET Q q 0 0 0 rg BT 363.22 673.10 Td (a ) Tj ET Q q 0 0 0 rg BT 370.99 673.10 Td (brief ) Tj ET Q q 0 0 0 rg BT 393.20 673.10 Td (notice ) Tj ET Q q 0 0 0 rg BT 420.96 673.10 Td (period\) ) Tj ET Q q 0 0 0 rg BT 453.17 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.94 673.10 Td (no ) Tj ET Q q 0 0 0 rg BT 484.27 673.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 532.02 673.10 Td (right ) Tj ET Q q 0 0 0 rg BT 554.24 673.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (severance ) Tj ET Q q 0 0 0 rg BT 91.91 661.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 114.41 661.10 Td (termination. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 640.10 Td (Clawbacks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.17 640.10 Td (. ) Tj ET Q q 0 0 0 rg BT 115.42 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 117.96 640.10 Td (The ) Tj ET Q q 0 0 0 rg BT 136.25 640.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 196.77 640.10 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 246.45 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 256.97 640.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 280.81 640.10 Td (where ) Tj ET Q q 0 0 0 rg BT 307.99 640.10 Td (it ) Tj ET Q q 0 0 0 rg BT 316.29 640.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 362.34 640.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 408.96 640.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.48 640.10 Td (be ) Tj ET Q q 0 0 0 rg BT 431.66 640.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 479.94 640.10 Td (\(not ) Tj ET Q q 0 0 0 rg BT 498.79 640.10 Td (only ) Tj ET Q q 0 0 0 rg BT 519.31 640.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.83 640.10 Td (cases ) Tj ET Q q 0 0 0 rg BT 553.67 640.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (narrowly ) Tj ET Q q 0 0 0 rg BT 87.79 628.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 119.47 628.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 149.48 628.10 Td (by ) Tj ET Q q 0 0 0 rg BT 161.17 628.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.08 628.10 Td (named ) Tj ET Q q 0 0 0 rg BT 203.43 628.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 243.43 628.10 Td (of) Tj ET Q q 0 0 0 rg BT 251.58 628.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 271.58 628.10 Td (or ) Tj ET Q q 0 0 0 rg BT 281.60 628.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 322.17 628.10 Td (that ) Tj ET Q q 0 0 0 rg BT 338.85 628.10 Td (would ) Tj ET Q q 0 0 0 rg BT 365.54 628.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 406.12 628.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 438.89 628.10 Td (for ) Tj ET Q q 0 0 0 rg BT 452.24 628.10 Td (termination\), ) Tj ET Q q 0 0 0 rg BT 505.86 628.10 Td ( ) Tj ET Q q 0 0 0 rg BT 507.55 628.10 Td (has ) Tj ET Q q 0 0 0 rg BT 522.58 628.10 Td (discretion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.60 616.10 Td (cancel ) Tj ET Q q 0 0 0 rg BT 90.96 616.10 Td (all ) Tj ET Q q 0 0 0 rg BT 104.77 616.10 Td (unvested ) Tj ET Q q 0 0 0 rg BT 144.14 616.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 171.31 616.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 195.13 616.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 245.05 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.20 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 265.46 616.10 Td (named ) Tj ET Q q 0 0 0 rg BT 295.94 616.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 338.08 616.10 Td (of) Tj ET Q q 0 0 0 rg BT 346.22 616.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 368.36 616.10 Td (or ) Tj ET Q q 0 0 0 rg BT 380.51 616.10 Td (employee. ) Tj ET Q q 0 0 0 rg BT 425.71 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 429.53 616.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 466.67 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 474.93 616.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 520.96 616.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 553.67 616.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.28 604.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.79 604.10 Td (named ) Tj ET Q q 0 0 0 rg BT 148.18 604.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 189.22 604.10 Td (of) Tj ET Q q 0 0 0 rg BT 197.37 604.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 222.31 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 239.48 604.10 Td (other ) Tj ET Q q 0 0 0 rg BT 262.76 604.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 289.93 604.10 Td (professionals ) Tj ET Q q 0 0 0 rg BT 345.44 604.10 Td (is ) Tj ET Q q 0 0 0 rg BT 354.84 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 365.35 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.30 604.10 Td (form ) Tj ET Q q 0 0 0 rg BT 402.47 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.54 604.10 Td (RSUs, ) Tj ET Q q 0 0 0 rg BT 442.11 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.06 604.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 517.57 604.10 Td (Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 592.10 Td (fectively ) Tj ET Q q 0 0 0 rg BT 94.83 592.10 Td (has ) Tj ET Q q 0 0 0 rg BT 110.42 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.89 592.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 152.71 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.74 592.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 202.76 592.10 Td (unvested ) Tj ET Q q 0 0 0 rg BT 240.57 592.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 266.17 592.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.87 592.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 315.12 592.10 Td (clawback ) Tj ET Q q 0 0 0 rg BT 355.13 592.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.83 592.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 406.30 592.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 437.45 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.04 592.10 Td (all ) Tj ET Q q 0 0 0 rg BT 460.29 592.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 518.09 592.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 554.22 592.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.94 580.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 104.99 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 115.27 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.99 580.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 151.92 580.10 Td (five ) Tj ET Q q 0 0 0 rg BT 169.97 580.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 196.07 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.57 580.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 559.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 107.38 559.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 133.49 559.10 Td (Ownership ) Tj ET Q q 0 0 0 rg BT 182.94 559.10 Td (Guidelines) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 228.51 559.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.01 559.10 Td ( ) Tj ET Q q 0 0 0 rg BT 233.23 559.10 Td ( ) Tj ET Q q 0 0 0 rg BT 235.45 559.10 Td (In ) Tj ET Q q 0 0 0 rg BT 246.00 559.10 Td (order ) Tj ET Q q 0 0 0 rg BT 269.33 559.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.33 559.10 Td (further ) Tj ET Q q 0 0 0 rg BT 308.75 559.10 Td (support ) Tj ET Q q 0 0 0 rg BT 340.98 559.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.41 559.10 Td (alignment ) Tj ET Q q 0 0 0 rg BT 397.63 559.10 Td (of ) Tj ET Q q 0 0 0 rg BT 408.18 559.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 443.72 559.10 Td (between ) Tj ET Q q 0 0 0 rg BT 479.26 559.10 Td (our ) Tj ET Q q 0 0 0 rg BT 494.81 559.10 Td (named ) Tj ET Q q 0 0 0 rg BT 523.69 559.10 Td (executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.10 Td (of) Tj ET Q q 0 0 0 rg BT 58.15 547.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 82.94 547.10 Td (and ) Tj ET Q q 0 0 0 rg BT 99.97 547.10 Td (our ) Tj ET Q q 0 0 0 rg BT 115.89 547.10 Td (stockholders, ) Tj ET Q q 0 0 0 rg BT 171.52 547.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.89 547.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 204.48 547.10 Td (we ) Tj ET Q q 0 0 0 rg BT 218.73 547.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 252.97 547.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 276.67 547.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 320.91 547.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 364.60 547.10 Td (for ) Tj ET Q q 0 0 0 rg BT 378.85 547.10 Td (our ) Tj ET Q q 0 0 0 rg BT 394.77 547.10 Td (named ) Tj ET Q q 0 0 0 rg BT 424.01 547.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 464.91 547.10 Td (of) Tj ET Q q 0 0 0 rg BT 473.06 547.10 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 500.36 547.10 Td ( ) Tj ET Q q 0 0 0 rg BT 502.76 547.10 Td (The ) Tj ET Q q 0 0 0 rg BT 520.89 547.10 Td (guidelines ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 535.10 Td (require ) Tj ET Q q 0 0 0 rg BT 81.33 535.10 Td (that ) Tj ET Q q 0 0 0 rg BT 99.34 535.10 Td (executives ) Tj ET Q q 0 0 0 rg BT 144.56 535.10 Td (attain ) Tj ET Q q 0 0 0 rg BT 169.78 535.10 Td (a ) Tj ET Q q 0 0 0 rg BT 177.23 535.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 216.34 535.10 Td (level ) Tj ET Q q 0 0 0 rg BT 238.79 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.13 535.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 294.81 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.15 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.38 535.10 Td (Firm) Tj ET Q q 0 0 0 rg BT 343.61 535.10 Td (s ) Tj ET Q q 0 0 0 rg BT 350.52 535.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 391.29 535.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 415.96 535.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.76 535.10 Td (value ) Tj ET Q q 0 0 0 rg BT 451.42 535.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.22 535.10 Td (a ) Tj ET Q q 0 0 0 rg BT 469.67 535.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 506.01 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.36 535.10 Td (base ) Tj ET Q q 0 0 0 rg BT 538.14 535.10 Td (salary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.10 Td (within ) Tj ET Q q 0 0 0 rg BT 78.06 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.77 523.10 Td (later ) Tj ET Q q 0 0 0 rg BT 113.04 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.87 523.10 Td (five ) Tj ET Q q 0 0 0 rg BT 141.91 523.10 Td (years ) Tj ET Q q 0 0 0 rg BT 165.51 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.34 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.06 523.10 Td (executive) Tj ET Q q 0 0 0 rg BT 232.15 523.10 Td (s ) Tj ET Q q 0 0 0 rg BT 238.54 523.10 Td (appointment ) Tj ET Q q 0 0 0 rg BT 291.03 523.10 Td (to ) Tj ET Q q 0 0 0 rg BT 301.31 523.10 Td (their ) Tj ET Q q 0 0 0 rg BT 322.13 523.10 Td (role ) Tj ET Q q 0 0 0 rg BT 340.18 523.10 Td (or ) Tj ET Q q 0 0 0 rg BT 351.01 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.73 523.10 Td (applicability ) Tj ET Q q 0 0 0 rg BT 418.21 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.04 523.10 Td (these ) Tj ET Q q 0 0 0 rg BT 452.09 523.10 Td (guidelines:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 502.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 502.10 Td (CEO ) Tj ET Q q 0 0 0 rg BT 108.50 502.10 Td (- ) Tj ET Q q 0 0 0 rg BT 114.33 502.10 Td (10x ) Tj ET Q q 0 0 0 rg BT 131.83 502.10 Td (base ) Tj ET Q q 0 0 0 rg BT 152.10 502.10 Td (salary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 478.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 478.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 111.27 478.10 Td (Named ) Tj ET Q q 0 0 0 rg BT 142.65 478.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 185.13 478.10 Td (Of) Tj ET Q q 0 0 0 rg BT 195.50 478.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 220.20 478.10 Td (- ) Tj ET Q q 0 0 0 rg BT 226.03 478.10 Td (3x ) Tj ET Q q 0 0 0 rg BT 238.53 478.10 Td (base ) Tj ET Q q 0 0 0 rg BT 258.80 478.10 Td (salary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 457.10 Td (The ) Tj ET Q q 0 0 0 rg BT 81.79 457.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 142.30 457.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 189.47 457.10 Td (reviews ) Tj ET Q q 0 0 0 rg BT 223.31 457.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.27 457.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 282.66 457.10 Td (level ) Tj ET Q q 0 0 0 rg BT 304.84 457.10 Td (for ) Tj ET Q q 0 0 0 rg BT 319.23 457.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 353.62 457.10 Td (executives ) Tj ET Q q 0 0 0 rg BT 398.56 457.10 Td (each ) Tj ET Q q 0 0 0 rg BT 419.61 457.10 Td (year) Tj ET Q q 0 0 0 rg BT 436.42 457.10 Td (, ) Tj ET Q q 0 0 0 rg BT 441.66 457.10 Td (using ) Tj ET Q q 0 0 0 rg BT 466.07 457.10 Td (a ) Tj ET Q q 0 0 0 rg BT 473.24 457.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 502.64 457.10 Td (month ) Tj ET Q q 0 0 0 rg BT 530.93 457.10 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.60 445.10 Td (price. ) Tj ET Q q 0 0 0 rg BT 98.58 445.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.53 445.10 Td (As ) Tj ET Q q 0 0 0 rg BT 114.14 445.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.96 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.67 445.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 162.17 445.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 217.97 445.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.80 445.10 Td (ownership, ) Tj ET Q q 0 0 0 rg BT 275.46 445.10 Td (all ) Tj ET Q q 0 0 0 rg BT 287.95 445.10 Td (NEOs ) Tj ET Q q 0 0 0 rg BT 314.88 445.10 Td (were ) Tj ET Q q 0 0 0 rg BT 336.81 445.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.08 445.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 395.67 445.10 Td (with ) Tj ET Q q 0 0 0 rg BT 415.94 445.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.65 445.10 Td (guidelines. ) Tj ET Q q 0 0 0 rg BT 476.75 445.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.24 445.10 Td (Scott ) Tj ET Q q 0 0 0 rg BT 502.30 445.10 Td (Bok, ) Tj ET Q q 0 0 0 rg BT 523.96 445.10 Td (our ) Tj ET Q q 0 0 0 rg BT 539.79 445.10 Td (Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 92.25 433.10 Td (Of) Tj ET Q q 0 0 0 rg BT 102.62 433.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 120.53 433.10 Td (, ) Tj ET Q q 0 0 0 rg BT 125.30 433.10 Td (holds ) Tj ET Q q 0 0 0 rg BT 149.23 433.10 Td (Firm ) Tj ET Q q 0 0 0 rg BT 170.95 433.10 Td (common ) Tj ET Q q 0 0 0 rg BT 208.21 433.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 231.58 433.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.29 433.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 273.90 433.10 Td (with ) Tj ET Q q 0 0 0 rg BT 293.94 433.10 Td (a ) Tj ET Q q 0 0 0 rg BT 300.64 433.10 Td (value ) Tj ET Q q 0 0 0 rg BT 324.57 433.10 Td (that ) Tj ET Q q 0 0 0 rg BT 341.83 433.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 394.08 433.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 427.99 433.10 Td (his ) Tj ET Q q 0 0 0 rg BT 441.93 433.10 Td (requirement. ) Tj ET Q q 0 0 0 rg BT 495.00 433.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.27 433.10 Td (Securities, ) Tj ET Q q 0 0 0 rg BT 550.35 433.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 87.72 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.22 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.61 421.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 135.89 421.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 179.72 421.10 Td (guidelines, ) Tj ET Q q 0 0 0 rg BT 225.49 421.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 260.99 421.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 288.15 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.65 421.10 Td (common ) Tj ET Q q 0 0 0 rg BT 335.82 421.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 359.09 421.10 Td (or ) Tj ET Q q 0 0 0 rg BT 369.59 421.10 Td (other ) Tj ET Q q 0 0 0 rg BT 392.31 421.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 432.25 421.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.75 421.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.13 421.10 Td (Firm, ) Tj ET Q q 0 0 0 rg BT 481.25 421.10 Td (RSUs, ) Tj ET Q q 0 0 0 rg BT 509.27 421.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 532.55 421.10 Td (options ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 409.10 Td (other ) Tj ET Q q 0 0 0 rg BT 83.88 409.10 Td (stock-linked ) Tj ET Q q 0 0 0 rg BT 135.81 409.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 163.31 409.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 196.63 409.10 Td (held ) Tj ET Q q 0 0 0 rg BT 216.34 409.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 249.38 409.10 Td (or ) Tj ET Q q 0 0 0 rg BT 260.21 409.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 297.89 409.10 Td (, ) Tj ET Q q 0 0 0 rg BT 302.89 409.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 337.59 409.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 365.64 409.10 Td (or ) Tj ET Q q 0 0 0 rg BT 376.47 409.10 Td (unvested.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 388.10 Td (Anti-Hedging ) Tj ET Q q 0 0 0 rg BT 124.82 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.27 388.10 Td (Anti-Pledging ) Tj ET Q q 0 0 0 rg BT 205.70 388.10 Td (Policies) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 237.91 388.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.41 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 243.39 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.38 388.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 264.91 388.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 306.20 388.10 Td (of) Tj ET Q q 0 0 0 rg BT 314.35 388.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 339.54 388.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.96 388.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 394.93 388.10 Td (are ) Tj ET Q q 0 0 0 rg BT 410.12 388.10 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 454.21 388.10 Td (from ) Tj ET Q q 0 0 0 rg BT 476.63 388.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 511.83 388.10 Td (or ) Tj ET Q q 0 0 0 rg BT 523.14 388.10 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.10 Td (disposing ) Tj ET Q q 0 0 0 rg BT 91.13 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.24 376.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.24 376.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 158.90 376.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 176.69 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.80 376.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 232.25 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.36 376.10 Td (any ) Tj ET Q q 0 0 0 rg BT 260.59 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.70 376.10 Td (our ) Tj ET Q q 0 0 0 rg BT 287.82 376.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 328.37 376.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 357.81 376.10 Td (by ) Tj ET Q q 0 0 0 rg BT 370.60 376.10 Td (them ) Tj ET Q q 0 0 0 rg BT 393.38 376.10 Td (through ) Tj ET Q q 0 0 0 rg BT 427.28 376.10 Td (short ) Tj ET Q q 0 0 0 rg BT 450.06 376.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 474.79 376.10 Td (option ) Tj ET Q q 0 0 0 rg BT 503.13 376.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 553.68 376.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.10 Td (other ) Tj ET Q q 0 0 0 rg BT 73.68 364.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 116.80 364.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 169.10 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.67 364.10 Td (may ) Tj ET Q q 0 0 0 rg BT 207.02 364.10 Td (not ) Tj ET Q q 0 0 0 rg BT 222.93 364.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 261.61 364.10 Td (any ) Tj ET Q q 0 0 0 rg BT 279.18 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.64 364.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.11 364.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 348.01 364.10 Td (on ) Tj ET Q q 0 0 0 rg BT 361.14 364.10 Td (mar) Tj ET Q q 0 0 0 rg BT 376.51 364.10 Td (gin, ) Tj ET Q q 0 0 0 rg BT 394.92 364.10 Td (borrow ) Tj ET Q q 0 0 0 rg BT 426.94 364.10 Td (against ) Tj ET Q q 0 0 0 rg BT 458.40 364.10 Td (any ) Tj ET Q q 0 0 0 rg BT 475.97 364.10 Td (account ) Tj ET Q q 0 0 0 rg BT 510.20 364.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.11 364.10 Td (which ) Tj ET Q q 0 0 0 rg BT 548.69 364.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 90.26 352.10 Td (are ) Tj ET Q q 0 0 0 rg BT 104.97 352.10 Td (held ) Tj ET Q q 0 0 0 rg BT 124.69 352.10 Td (or ) Tj ET Q q 0 0 0 rg BT 135.52 352.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 176.89 352.10 Td (pledge ) Tj ET Q q 0 0 0 rg BT 206.05 352.10 Td (any ) Tj ET Q q 0 0 0 rg BT 222.99 352.10 Td (company ) Tj ET Q q 0 0 0 rg BT 262.14 352.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 302.41 352.10 Td (as ) Tj ET Q q 0 0 0 rg BT 313.24 352.10 Td (collateral. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 331.10 Td (T) Tj ET Q q 0 0 0 rg BT 69.25 331.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 81.76 331.10 Td (Deductibility ) Tj ET Q q 0 0 0 rg BT 139.82 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.65 331.10 Td (Compensation) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 212.33 331.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.83 331.10 Td ( ) Tj ET Q q 0 0 0 rg BT 217.33 331.10 Td ( ) Tj ET Q q 0 0 0 rg BT 219.84 331.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 252.34 331.10 Td (162\(m\) ) Tj ET Q q 0 0 0 rg BT 284.28 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.12 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.84 331.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 343.44 331.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 380.93 331.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 404.54 331.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 429.83 331.10 Td (deductions ) Tj ET Q q 0 0 0 rg BT 475.66 331.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.82 331.10 Td (non-performance-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.10 Td (based ) Tj ET Q q 0 0 0 rg BT 75.33 319.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 104.55 319.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 162.65 319.10 Td (in ) Tj ET Q q 0 0 0 rg BT 172.99 319.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 201.66 319.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.55 319.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 232.61 319.10 Td (million ) Tj ET Q q 0 0 0 rg BT 264.06 319.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 283.84 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.18 319.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 323.95 319.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 364.82 319.10 Td (of) Tj ET Q q 0 0 0 rg BT 372.97 319.10 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 400.24 319.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.80 319.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 420.92 319.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 448.48 319.10 Td (is ) Tj ET Q q 0 0 0 rg BT 457.71 319.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.05 319.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 507.81 319.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 549.80 319.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.23 307.10 Td (deductibility ) Tj ET Q q 0 0 0 rg BT 116.79 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.14 307.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 184.70 307.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 225.04 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.83 307.10 Td (our ) Tj ET Q q 0 0 0 rg BT 250.18 307.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 290.50 307.10 Td (of) Tj ET Q q 0 0 0 rg BT 298.65 307.10 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 325.38 307.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.25 307.10 Td (W) Tj ET Q q 0 0 0 rg BT 335.88 307.10 Td (e ) Tj ET Q q 0 0 0 rg BT 342.34 307.10 Td (may) Tj ET Q q 0 0 0 rg BT 358.91 307.10 Td (, ) Tj ET Q q 0 0 0 rg BT 363.42 307.10 Td (however) Tj ET Q q 0 0 0 rg BT 397.45 307.10 Td (, ) Tj ET Q q 0 0 0 rg BT 401.97 307.10 Td (authorize ) Tj ET Q q 0 0 0 rg BT 441.18 307.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 481.52 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.32 307.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 531.64 307.10 Td (of) Tj ET Q q 0 0 0 rg BT 539.79 307.10 Td (ficers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.50 295.10 Td (may ) Tj ET Q q 0 0 0 rg BT 87.21 295.10 Td (not ) Tj ET Q q 0 0 0 rg BT 102.49 295.10 Td (be ) Tj ET Q q 0 0 0 rg BT 114.43 295.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 135.82 295.10 Td (deductible ) Tj ET Q q 0 0 0 rg BT 179.97 295.10 Td (if ) Tj ET Q q 0 0 0 rg BT 188.57 295.10 Td (we ) Tj ET Q q 0 0 0 rg BT 202.73 295.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 234.11 295.10 Td (that ) Tj ET Q q 0 0 0 rg BT 251.60 295.10 Td (such ) Tj ET Q q 0 0 0 rg BT 272.43 295.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 313.26 295.10 Td (are ) Tj ET Q q 0 0 0 rg BT 327.96 295.10 Td (in ) Tj ET Q q 0 0 0 rg BT 338.24 295.10 Td (our ) Tj ET Q q 0 0 0 rg BT 354.07 295.10 Td (stockholders) Tj ET Q q 0 0 0 rg BT 407.21 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.71 295.10 Td (interests. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 274.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 113.82 274.10 Td (Implications) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 167.16 274.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.66 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.09 274.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.41 274.10 Td (W) Tj ET Q q 0 0 0 rg BT 181.05 274.10 Td (e ) Tj ET Q q 0 0 0 rg BT 186.92 274.10 Td (account ) Tj ET Q q 0 0 0 rg BT 219.44 274.10 Td (for ) Tj ET Q q 0 0 0 rg BT 232.53 274.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 281.16 274.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 338.13 274.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.34 274.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 393.73 274.10 Td (with ) Tj ET Q q 0 0 0 rg BT 412.94 274.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.58 274.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 480.21 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.97 274.10 Td (F) Tj ET Q q 0 0 0 rg BT 494.79 274.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 515.35 274.10 Td (Accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 92.36 262.10 Td (Codification ) Tj ET Q q 0 0 0 rg BT 145.28 262.10 Td (\(ASC\) ) Tj ET Q q 0 0 0 rg BT 182.98 262.10 Td (T) Tj ET Q q 0 0 0 rg BT 188.39 262.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 208.53 262.10 Td (718. ) Tj ET Q q 0 0 0 rg BT 228.96 262.10 Td ( ) Tj ET Q q 0 0 0 rg BT 231.88 262.10 Td (In ) Tj ET Q q 0 0 0 rg BT 243.14 262.10 Td (designing ) Tj ET Q q 0 0 0 rg BT 284.95 262.10 Td (our ) Tj ET Q q 0 0 0 rg BT 301.20 262.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 359.67 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.03 262.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 407.72 262.10 Td (programs, ) Tj ET Q q 0 0 0 rg BT 450.92 262.10 Td (we ) Tj ET Q q 0 0 0 rg BT 465.50 262.10 Td (review ) Tj ET Q q 0 0 0 rg BT 495.63 262.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.00 262.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 549.80 262.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 96.37 250.10 Td (implications ) Tj ET Q q 0 0 0 rg BT 148.31 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.14 250.10 Td (our ) Tj ET Q q 0 0 0 rg BT 174.97 250.10 Td (decisions, ) Tj ET Q q 0 0 0 rg BT 217.19 250.10 Td (including ) Tj ET Q q 0 0 0 rg BT 257.46 250.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.18 250.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 318.55 250.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 358.81 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.64 250.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 406.03 250.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 442.39 250.10 Td (or ) Tj ET Q q 0 0 0 rg BT 453.22 250.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 472.94 250.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.22 250.10 Td (our ) Tj ET Q q 0 0 0 rg BT 499.05 250.10 Td (executives.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 63.50 229.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 85.08 229.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 119.97 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.43 229.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 194.23 229.10 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.44 229.10 Td (. ) Tj ET Q q 0 0 0 rg BT 231.07 229.10 Td ( ) Tj ET Q q 0 0 0 rg BT 233.19 229.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 250.87 229.10 Td (Firm-wide ) Tj ET Q q 0 0 0 rg BT 295.21 229.10 Td (year) Tj ET Q q 0 0 0 rg BT 312.22 229.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 332.11 229.10 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 386.44 229.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 444.11 229.10 Td (program ) Tj ET Q q 0 0 0 rg BT 480.11 229.10 Td (is ) Tj ET Q q 0 0 0 rg BT 488.90 229.10 Td (designed ) Tj ET Q q 0 0 0 rg BT 526.58 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 536.48 229.10 Td (reflect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.25 217.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 116.80 217.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.16 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.41 217.10 Td (Firm ) Tj ET Q q 0 0 0 rg BT 162.89 217.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.35 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.60 217.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 246.15 217.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.51 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.76 217.10 Td (individual ) Tj ET Q q 0 0 0 rg BT 313.34 217.10 Td (employee, ) Tj ET Q q 0 0 0 rg BT 356.75 217.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.21 217.10 Td (we ) Tj ET Q q 0 0 0 rg BT 386.91 217.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 417.81 217.10 Td (its ) Tj ET Q q 0 0 0 rg BT 429.29 217.10 Td (design ) Tj ET Q q 0 0 0 rg BT 457.42 217.10 Td (discourages ) Tj ET Q q 0 0 0 rg BT 506.66 217.10 Td (excessive ) Tj ET Q q 0 0 0 rg BT 547.01 217.10 Td (risk ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.10 Td (taking. ) Tj ET Q q 0 0 0 rg BT 80.25 205.10 Td (Forexample, ) Tj ET Q q 0 0 0 rg BT 135.76 205.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 165.73 205.10 Td (a ) Tj ET Q q 0 0 0 rg BT 172.93 205.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 217.89 205.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 249.53 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.61 205.10 Td (our ) Tj ET Q q 0 0 0 rg BT 276.70 205.10 Td (year) Tj ET Q q 0 0 0 rg BT 293.70 205.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 314.22 205.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 372.52 205.10 Td (in ) Tj ET Q q 0 0 0 rg BT 383.05 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.02 205.10 Td (form ) Tj ET Q q 0 0 0 rg BT 420.21 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.29 205.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 457.39 205.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 477.08 205.10 Td (commencing ) Tj ET Q q 0 0 0 rg BT 531.49 205.10 Td (in ) Tj ET Q q 0 0 0 rg BT 542.02 205.10 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.82 193.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 100.17 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.99 193.10 Td (our ) Tj ET Q q 0 0 0 rg BT 125.36 193.10 Td (CEO, ) Tj ET Q q 0 0 0 rg BT 149.90 193.10 Td (PRSUs, ) Tj ET Q q 0 0 0 rg BT 183.35 193.10 Td (with ) Tj ET Q q 0 0 0 rg BT 203.17 193.10 Td (multi-year ) Tj ET Q q 0 0 0 rg BT 246.86 193.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 277.78 193.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 309.26 193.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 336.85 193.10 Td (or ) Tj ET Q q 0 0 0 rg BT 347.22 193.10 Td (should ) Tj ET Q q 0 0 0 rg BT 375.93 193.10 Td (make ) Tj ET Q q 0 0 0 rg BT 399.63 193.10 Td (each ) Tj ET Q q 0 0 0 rg BT 419.98 193.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.35 193.10 Td (our ) Tj ET Q q 0 0 0 rg BT 445.72 193.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 472.20 193.10 Td (professionals ) Tj ET Q q 0 0 0 rg BT 527.01 193.10 Td (sensitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.68 181.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 103.02 181.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 120.92 181.10 Td (outcomes, ) Tj ET Q q 0 0 0 rg BT 164.64 181.10 Td (as ) Tj ET Q q 0 0 0 rg BT 175.88 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.00 181.10 Td (value ) Tj ET Q q 0 0 0 rg BT 215.55 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.78 181.10 Td (their ) Tj ET Q q 0 0 0 rg BT 248.01 181.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 279.23 181.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 314.89 181.10 Td (or ) Tj ET Q q 0 0 0 rg BT 326.12 181.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 363.44 181.10 Td (with ) Tj ET Q q 0 0 0 rg BT 384.12 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.24 181.10 Td (price ) Tj ET Q q 0 0 0 rg BT 422.12 181.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.35 181.10 Td (our ) Tj ET Q q 0 0 0 rg BT 449.59 181.10 Td (common ) Tj ET Q q 0 0 0 rg BT 487.48 181.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 513.99 181.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.90 181.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 535.35 181.10 Td (named ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 169.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 90.08 169.10 Td (of) Tj ET Q q 0 0 0 rg BT 98.23 169.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 122.20 169.10 Td (are ) Tj ET Q q 0 0 0 rg BT 136.18 169.10 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 179.05 169.10 Td (from ) Tj ET Q q 0 0 0 rg BT 200.25 169.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 234.24 169.10 Td (or ) Tj ET Q q 0 0 0 rg BT 244.34 169.10 Td (pledging ) Tj ET Q q 0 0 0 rg BT 281.10 169.10 Td (their ) Tj ET Q q 0 0 0 rg BT 301.19 169.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 324.07 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 340.27 169.10 Td (are ) Tj ET Q q 0 0 0 rg BT 354.25 169.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 384.34 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.89 169.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 416.76 169.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 460.19 169.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 516.66 169.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.30 169.10 Td (W) Tj ET Q q 0 0 0 rg BT 526.94 169.10 Td (e ) Tj ET Q q 0 0 0 rg BT 533.14 169.10 Td (believe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (these ) Tj ET Q q 0 0 0 rg BT 73.40 157.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 104.56 157.10 Td (will ) Tj ET Q q 0 0 0 rg BT 122.97 157.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 156.36 157.10 Td (our ) Tj ET Q q 0 0 0 rg BT 172.54 157.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 218.16 157.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 261.00 157.10 Td (incentives ) Tj ET Q q 0 0 0 rg BT 304.39 157.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.02 157.10 Td (prudently ) Tj ET Q q 0 0 0 rg BT 356.20 157.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 390.14 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.21 157.10 Td (range ) Tj ET Q q 0 0 0 rg BT 430.27 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.45 157.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 463.19 157.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 498.80 157.10 Td (in ) Tj ET Q q 0 0 0 rg BT 509.43 157.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.61 157.10 Td (business. ) Tj ET Q q 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Td (130,454) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 391.21 Td (\(28\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.60 391.42 Td (1,729,454) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 52.00 376.46 Td ( Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.00 376.42 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.10 376.42 Td (600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.65 376.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.10 376.42 Td (999,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 376.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 376.42 Td (110,202) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 523.00 376.21 Td (\(29\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.60 376.42 Td (1,709,202) Tj ET Q BT /F1 10.00 Tf ET BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.00 348.25 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.49 348.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.00 348.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.05 348.25 Td (named ) Tj ET Q q 0 0 0 rg BT 121.21 348.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 162.02 348.25 Td (of) Tj ET Q q 0 0 0 rg BT 170.17 348.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 194.87 348.25 Td (for ) Tj ET Q q 0 0 0 rg BT 209.03 348.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 231.53 348.25 Td (are ) Tj ET Q q 0 0 0 rg BT 246.24 348.25 Td (Messrs. ) Tj ET Q q 0 0 0 rg BT 279.58 348.25 Td (Bok, ) Tj ET Q q 0 0 0 rg BT 301.25 348.25 Td (Costantino, ) Tj ET Q q 0 0 0 rg BT 349.40 348.25 Td (W) Tj ET Q q 0 0 0 rg BT 358.24 348.25 Td (yles, ) Tj ET Q q 0 0 0 rg BT 379.35 348.25 Td (Grubb ) Tj ET Q q 0 0 0 rg BT 407.40 348.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.34 348.25 Td (Rodriguez ) Tj ET Q q 0 0 0 rg BT 468.49 348.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.43 348.25 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 503.21 348.25 Td (Moran. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.00 336.25 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.49 336.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.00 336.25 Td (These ) Tj ET Q q 0 0 0 rg BT 101.02 336.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 138.06 336.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 166.74 336.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.10 336.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 224.11 336.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 247.80 336.25 Td (date ) Tj ET Q q 0 0 0 rg BT 267.61 336.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 284.63 336.25 Td (value ) Tj ET Q q 0 0 0 rg BT 309.43 336.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 357.56 336.25 Td (in ) Tj ET Q q 0 0 0 rg BT 368.48 336.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 416.59 336.25 Td (with ) Tj ET Q q 0 0 0 rg BT 437.52 336.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 477.18 336.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 526.98 336.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 569.57 336.25 Td (Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 324.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 123.32 324.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 165.43 324.25 Td (Codification ) Tj ET Q q 0 0 0 rg BT 217.89 324.25 Td (T) Tj ET Q q 0 0 0 rg BT 223.30 324.25 Td (opic ) Tj ET Q q 0 0 0 rg BT 243.19 324.25 Td (718 ) Tj ET Q q 0 0 0 rg BT 260.86 324.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.85 324.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 302.84 324.25 Td (made ) Tj ET Q q 0 0 0 rg BT 327.16 324.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 364.27 324.25 Td (to ) Tj ET Q q 0 0 0 rg BT 374.72 324.25 Td (our ) Tj ET Q q 0 0 0 rg BT 390.71 324.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 420.05 324.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 459.92 324.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 480.36 324.25 Td (in ) Tj ET Q q 0 0 0 rg BT 490.81 324.25 Td (the ) Tj ET Q q 0 0 0 rg BT 505.69 324.25 Td (referenced ) Tj ET Q q 0 0 0 rg BT 550.54 324.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 574.86 324.25 Td (year) Tj ET Q q 0 0 0 rg BT 591.52 324.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 312.25 Td (See ) Tj ET Q q 0 0 0 rg BT 91.19 312.25 Td (footnotes ) Tj ET Q q 0 0 0 rg BT 131.17 312.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 138.92 312.25 Td (\(Summary ) Tj ET Q q 0 0 0 rg BT 183.90 312.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.98 312.25 Td (Significant ) Tj ET Q q 0 0 0 rg BT 241.01 312.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 290.43 312.25 Td (Policies\) ) Tj ET Q q 0 0 0 rg BT 328.18 312.25 Td (and ) Tj ET Q q 0 0 0 rg BT 345.37 312.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 358.13 312.25 Td (\(Restricted ) Tj ET Q q 0 0 0 rg BT 404.76 312.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 430.29 312.25 Td (Units\) ) Tj ET Q q 0 0 0 rg BT 458.05 312.25 Td (to ) Tj ET Q q 0 0 0 rg BT 468.58 312.25 Td (our ) Tj ET Q q 0 0 0 rg BT 484.67 312.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 522.41 312.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 567.37 312.25 Td (for ) Tj ET Q q 0 0 0 rg BT 581.79 312.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 300.25 Td (year ) Tj ET Q q 0 0 0 rg BT 94.36 300.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 121.39 300.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 180.63 300.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 203.79 300.25 Td (included ) Tj ET Q q 0 0 0 rg BT 241.37 300.25 Td (in ) Tj ET Q q 0 0 0 rg BT 252.31 300.25 Td (our ) Tj ET Q q 0 0 0 rg BT 268.79 300.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 293.61 300.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 317.32 300.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 338.80 300.25 Td (with ) Tj ET Q q 0 0 0 rg BT 359.73 300.25 Td (the ) Tj ET Q q 0 0 0 rg BT 375.10 300.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 417.69 300.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.28 300.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 477.86 300.25 Td (Commission. ) Tj ET Q q 0 0 0 rg BT 534.08 300.25 Td (In ) Tj ET Q q 0 0 0 rg BT 545.57 300.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 584.00 300.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 288.25 Td (January ) Tj ET Q q 0 0 0 rg BT 107.37 288.25 Td (27, ) Tj ET Q q 0 0 0 rg BT 122.14 288.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 146.91 288.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.40 288.25 Td (named ) Tj ET Q q 0 0 0 rg BT 190.32 288.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 230.90 288.25 Td (of) Tj ET Q q 0 0 0 rg BT 239.05 288.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 263.53 288.25 Td (were ) Tj ET Q q 0 0 0 rg BT 285.23 288.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 317.49 288.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 359.75 288.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 390.34 288.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.94 288.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 426.55 288.25 Td (under ) Tj ET Q q 0 0 0 rg BT 451.59 288.25 Td (our ) Tj ET Q q 0 0 0 rg BT 467.19 288.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 496.13 288.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 535.60 288.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 555.65 288.25 Td (in ) Tj ET Q q 0 0 0 rg BT 565.70 288.25 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 276.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.07 276.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 105.81 276.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 158.08 276.25 Td (as ) Tj ET Q q 0 0 0 rg BT 168.15 276.25 Td (follows: ) Tj ET Q q 0 0 0 rg BT 202.67 276.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 214.34 276.25 Td (.Bok, ) Tj ET Q q 0 0 0 rg BT 240.25 276.25 Td (87,714 ) Tj ET Q q 0 0 0 rg BT 269.50 276.25 Td (RSUs; ) Tj ET Q q 0 0 0 rg BT 297.36 276.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 309.03 276.25 Td (. ) Tj ET Q q 0 0 0 rg BT 313.27 276.25 Td (Costantino, ) Tj ET Q q 0 0 0 rg BT 360.85 276.25 Td (50,762 ) Tj ET Q q 0 0 0 rg BT 390.09 276.25 Td (RSUs; ) Tj ET Q q 0 0 0 rg BT 417.96 276.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 429.63 276.25 Td (. ) Tj ET Q q 0 0 0 rg BT 433.74 276.25 Td (W) Tj ET Q q 0 0 0 rg BT 442.58 276.25 Td (yles, ) Tj ET Q q 0 0 0 rg BT 462.93 276.25 Td (87,892 ) Tj ET Q q 0 0 0 rg BT 492.17 276.25 Td (RSUs; ) Tj ET Q q 0 0 0 rg BT 520.04 276.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 531.71 276.25 Td (.Grubb, ) Tj ET Q q 0 0 0 rg BT 566.50 276.25 Td (50,762 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 264.25 Td (RSUs; ) Tj ET Q q 0 0 0 rg BT 103.34 264.25 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 121.83 264.25 Td (Moran, ) Tj ET Q q 0 0 0 rg BT 154.21 264.25 Td (36,975 ) Tj ET Q q 0 0 0 rg BT 184.92 264.25 Td (RSUs; ) Tj ET Q q 0 0 0 rg BT 214.26 264.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.91 264.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 243.58 264.25 Td (.Rodriguez, ) Tj ET Q q 0 0 0 rg BT 295.95 264.25 Td (48,453 ) Tj ET Q q 0 0 0 rg BT 326.67 264.25 Td (RSUs. ) Tj ET Q q 0 0 0 rg BT 355.73 264.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 367.40 264.25 Td (.Bok) Tj ET Q q 0 0 0 rg BT 391.85 264.25 Td (s ) Tj ET Q q 0 0 0 rg BT 398.95 264.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 430.49 264.25 Td (will ) Tj ET Q q 0 0 0 rg BT 449.26 264.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 468.58 264.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 490.68 264.25 Td (on ) Tj ET Q q 0 0 0 rg BT 503.90 264.25 Td (January ) Tj ET Q q 0 0 0 rg BT 538.21 264.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 548.92 264.25 Td (2019. ) Tj ET Q q 0 0 0 rg BT 574.40 264.25 Td (W) Tj ET Q q 0 0 0 rg BT 583.44 264.25 Td (ith ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 252.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 104.72 252.25 Td (to ) Tj ET Q q 0 0 0 rg BT 114.89 252.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 126.56 252.25 Td (. ) Tj ET Q q 0 0 0 rg BT 131.46 252.25 Td (Costantino's ) Tj ET Q q 0 0 0 rg BT 182.89 252.25 Td (awards, ) Tj ET Q q 0 0 0 rg BT 216.11 252.25 Td (13,857 ) Tj ET Q q 0 0 0 rg BT 246.01 252.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.74 252.25 Td (his ) Tj ET Q q 0 0 0 rg BT 270.81 252.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 296.56 252.25 Td (will ) Tj ET Q q 0 0 0 rg BT 314.51 252.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 333.02 252.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 354.31 252.25 Td (on ) Tj ET Q q 0 0 0 rg BT 366.71 252.25 Td (January ) Tj ET Q q 0 0 0 rg BT 400.21 252.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 410.11 252.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 432.51 252.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.34 252.25 Td (36,905 ) Tj ET Q q 0 0 0 rg BT 479.24 252.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.97 252.25 Td (his ) Tj ET Q q 0 0 0 rg BT 504.04 252.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 529.79 252.25 Td (will ) Tj ET Q q 0 0 0 rg BT 547.75 252.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 566.25 252.25 Td (ratably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 240.25 Td (over ) Tj ET Q q 0 0 0 rg BT 94.30 240.25 Td (five ) Tj ET Q q 0 0 0 rg BT 112.39 240.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 138.52 240.25 Td (with ) Tj ET Q q 0 0 0 rg BT 158.83 240.25 Td (20% ) Tj ET Q q 0 0 0 rg BT 179.70 240.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 211.12 240.25 Td (on ) Tj ET Q q 0 0 0 rg BT 223.66 240.25 Td (January ) Tj ET Q q 0 0 0 rg BT 257.29 240.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 264.83 240.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.69 240.25 Td (each ) Tj ET Q q 0 0 0 rg BT 296.55 240.25 Td (of ) Tj ET Q q 0 0 0 rg BT 307.41 240.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 332.45 240.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 357.48 240.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 382.52 240.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 405.05 240.25 Td (and ) Tj ET Q q 0 0 0 rg BT 422.03 240.25 Td (2021. ) Tj ET Q q 0 0 0 rg BT 447.06 240.25 Td ( ) Tj ET Q q 0 0 0 rg BT 449.42 240.25 Td (W) Tj ET Q q 0 0 0 rg BT 458.45 240.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 471.55 240.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 502.40 240.25 Td (to ) Tj ET Q q 0 0 0 rg BT 512.71 240.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 524.38 240.25 Td (. ) Tj ET Q q 0 0 0 rg BT 529.42 240.25 Td (Grubb's ) Tj ET Q q 0 0 0 rg BT 563.20 240.25 Td (awards, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 228.25 Td (13,857 ) Tj ET Q q 0 0 0 rg BT 104.14 228.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.11 228.25 Td (his ) Tj ET Q q 0 0 0 rg BT 129.42 228.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 155.41 228.25 Td (will ) Tj ET Q q 0 0 0 rg BT 173.61 228.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 192.36 228.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 213.89 228.25 Td (on ) Tj ET Q q 0 0 0 rg BT 226.53 228.25 Td (January ) Tj ET Q q 0 0 0 rg BT 260.27 228.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 270.41 228.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 293.05 228.25 Td (and ) Tj ET Q q 0 0 0 rg BT 310.13 228.25 Td (36,905 ) Tj ET Q q 0 0 0 rg BT 340.27 228.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.25 228.25 Td (his ) Tj ET Q q 0 0 0 rg BT 365.56 228.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 391.54 228.25 Td (will ) Tj ET Q q 0 0 0 rg BT 409.74 228.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 428.49 228.25 Td (ratably ) Tj ET Q q 0 0 0 rg BT 458.90 228.25 Td (over ) Tj ET Q q 0 0 0 rg BT 479.31 228.25 Td (five ) Tj ET Q q 0 0 0 rg BT 497.50 228.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 523.74 228.25 Td (with ) Tj ET Q q 0 0 0 rg BT 544.16 228.25 Td (20% ) Tj ET Q q 0 0 0 rg BT 565.13 228.25 Td (vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 216.25 Td (on ) Tj ET Q q 0 0 0 rg BT 86.67 216.25 Td (January ) Tj ET Q q 0 0 0 rg BT 120.45 216.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 128.12 216.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.12 216.25 Td (each ) Tj ET Q q 0 0 0 rg BT 160.11 216.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.11 216.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 196.29 216.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 221.46 216.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 246.63 216.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 269.31 216.25 Td (and ) Tj ET Q q 0 0 0 rg BT 286.42 216.25 Td (2021. ) Tj ET Q q 0 0 0 rg BT 311.59 216.25 Td ( ) Tj ET Q q 0 0 0 rg BT 314.07 216.25 Td (W) Tj ET Q q 0 0 0 rg BT 323.11 216.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 336.34 216.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 367.33 216.25 Td (to ) Tj ET Q q 0 0 0 rg BT 377.78 216.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 389.45 216.25 Td (. ) Tj ET Q q 0 0 0 rg BT 394.62 216.25 Td (Rodriguez's ) Tj ET Q q 0 0 0 rg BT 444.65 216.25 Td (awards, ) Tj ET Q q 0 0 0 rg BT 478.14 216.25 Td (13,857 ) Tj ET Q q 0 0 0 rg BT 508.31 216.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.32 216.25 Td (his ) Tj ET Q q 0 0 0 rg BT 533.66 216.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 559.68 216.25 Td (will ) Tj ET Q q 0 0 0 rg BT 577.91 216.25 Td (vest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 204.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 95.38 204.25 Td (on ) Tj ET Q q 0 0 0 rg BT 107.87 204.25 Td (January ) Tj ET Q q 0 0 0 rg BT 141.46 204.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 151.46 204.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 173.95 204.25 Td (and ) Tj ET Q q 0 0 0 rg BT 190.88 204.25 Td (34,596 ) Tj ET Q q 0 0 0 rg BT 220.87 204.25 Td (of ) Tj ET Q q 0 0 0 rg BT 231.70 204.25 Td (his ) Tj ET Q q 0 0 0 rg BT 245.86 204.25 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 271.70 204.25 Td (will ) Tj ET Q q 0 0 0 rg BT 289.74 204.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 308.35 204.25 Td (ratably ) Tj ET Q q 0 0 0 rg BT 338.60 204.25 Td (over ) Tj ET Q q 0 0 0 rg BT 358.86 204.25 Td (five ) Tj ET Q q 0 0 0 rg BT 376.90 204.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 402.99 204.25 Td (with ) Tj ET Q q 0 0 0 rg BT 423.27 204.25 Td (20% ) Tj ET Q q 0 0 0 rg BT 444.09 204.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 475.47 204.25 Td (on ) Tj ET Q q 0 0 0 rg BT 487.96 204.25 Td (January ) Tj ET Q q 0 0 0 rg BT 521.55 204.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 529.04 204.25 Td (of ) Tj ET Q q 0 0 0 rg BT 539.87 204.25 Td (each ) Tj ET Q q 0 0 0 rg BT 560.67 204.25 Td (of ) Tj ET Q q 0 0 0 rg BT 571.50 204.25 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 192.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 98.92 192.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 123.83 192.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 146.25 192.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.11 192.25 Td (2021. ) Tj ET Q q 0 0 0 rg BT 188.02 192.25 Td ( ) Tj ET Q q 0 0 0 rg BT 190.44 192.25 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 208.14 192.25 Td (Moran's ) Tj ET Q q 0 0 0 rg BT 242.91 192.25 Td (and ) Tj ET Q q 0 0 0 rg BT 259.77 192.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 271.44 192.25 Td (. ) Tj ET Q q 0 0 0 rg BT 276.18 192.25 Td (W) Tj ET Q q 0 0 0 rg BT 285.02 192.25 Td (yles's ) Tj ET Q q 0 0 0 rg BT 309.24 192.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 339.97 192.25 Td (will ) Tj ET Q q 0 0 0 rg BT 357.95 192.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 376.47 192.25 Td (ratably ) Tj ET Q q 0 0 0 rg BT 406.65 192.25 Td (over ) Tj ET Q q 0 0 0 rg BT 426.84 192.25 Td (five ) Tj ET Q q 0 0 0 rg BT 444.80 192.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 470.82 192.25 Td (with ) Tj ET Q q 0 0 0 rg BT 491.01 192.25 Td (20% ) Tj ET Q q 0 0 0 rg BT 511.76 192.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 543.06 192.25 Td (on ) Tj ET Q q 0 0 0 rg BT 555.48 192.25 Td (January ) Tj ET Q q 0 0 0 rg BT 589.00 192.25 Td (1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 180.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.88 180.25 Td (each ) Tj ET Q q 0 0 0 rg BT 105.74 180.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.62 180.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 141.67 180.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 166.72 180.25 Td (2019, ) Tj ET Q q 0 0 0 rg BT 191.77 180.25 Td (2020 ) Tj ET Q q 0 0 0 rg BT 214.32 180.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.30 180.25 Td (2021. ) Tj ET Q q 0 0 0 rg BT 256.35 180.25 Td ( ) Tj ET Q q 0 0 0 rg BT 258.90 180.25 Td (In ) Tj ET Q q 0 0 0 rg BT 269.78 180.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 307.60 180.25 Td (on ) Tj ET Q q 0 0 0 rg BT 320.15 180.25 Td (January ) Tj ET Q q 0 0 0 rg BT 353.80 180.25 Td (27, ) Tj ET Q q 0 0 0 rg BT 368.85 180.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 393.90 180.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 405.57 180.25 Td (. ) Tj ET Q q 0 0 0 rg BT 410.62 180.25 Td (Bok ) Tj ET Q q 0 0 0 rg BT 429.83 180.25 Td (was ) Tj ET Q q 0 0 0 rg BT 447.94 180.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 480.47 180.25 Td (1) Tj ET Q q 0 0 0 rg BT 485.10 180.25 Td (15,473 ) Tj ET Q q 0 0 0 rg BT 515.15 180.25 Td (Performance-Based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 168.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 117.13 168.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 142.49 168.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 166.74 168.25 Td (\(PRSUs\) ) Tj ET Q q 0 0 0 rg BT 213.77 168.25 Td (in ) Tj ET Q q 0 0 0 rg BT 224.13 168.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 255.03 168.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.94 168.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 288.52 168.25 Td (performance. ) Tj ET Q q 0 0 0 rg BT 344.13 168.25 Td ( ) Tj ET Q q 0 0 0 rg BT 346.71 168.25 Td (See ) Tj ET Q q 0 0 0 rg BT 363.73 168.25 Td ("Compensation ) Tj ET Q q 0 0 0 rg BT 428.17 168.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 474.64 168.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.10 168.25 Td (Analysis" ) Tj ET Q q 0 0 0 rg BT 532.76 168.25 Td (above ) Tj ET Q q 0 0 0 rg BT 559.22 168.25 Td (for ) Tj ET Q q 0 0 0 rg BT 573.46 168.25 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 156.25 Td (information ) Tj ET Q q 0 0 0 rg BT 123.71 156.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 164.53 156.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.24 156.25 Td (PRSUs. ) Tj ET Q q 0 0 0 rg BT 213.15 156.25 Td ( ) Tj ET Q q 0 0 0 rg BT 215.65 156.25 Td ( ) Tj ET Q q 0 0 0 rg BT 218.15 156.25 Td ( ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.00 144.25 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.49 144.25 Td ( ) Tj ET Q q 0 0 0 rg BT 61.99 144.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.00 144.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 85.67 144.25 Td (. ) Tj ET Q q 0 0 0 rg BT 90.67 144.25 Td (Costantino ) Tj ET Q q 0 0 0 rg BT 136.50 144.25 Td (was ) Tj ET Q q 0 0 0 rg BT 154.56 144.25 Td (appointed ) Tj ET Q q 0 0 0 rg BT 196.49 144.25 Td (President ) Tj ET Q q 0 0 0 rg BT 236.21 144.25 Td (ef) Tj ET Q q 0 0 0 rg BT 243.79 144.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 273.50 144.25 Td (as ) Tj ET Q q 0 0 0 rg BT 284.33 144.25 Td (of ) Tj ET Q q 0 0 0 rg BT 295.16 144.25 Td (July ) Tj ET Q q 0 0 0 rg BT 314.33 144.25 Td (23, ) Tj ET Q q 0 0 0 rg BT 329.33 144.25 Td (2015.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.00 132.25 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.49 132.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.00 132.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 85.67 132.25 Td (. ) Tj ET Q q 0 0 0 rg BT 90.49 132.25 Td (W) Tj ET Q q 0 0 0 rg BT 99.33 132.25 Td (yles ) Tj ET Q q 0 0 0 rg BT 117.94 132.25 Td (was ) Tj ET Q q 0 0 0 rg BT 135.99 132.25 Td (appointed ) Tj ET Q q 0 0 0 rg BT 177.92 132.25 Td (President ) Tj ET Q q 0 0 0 rg BT 217.64 132.25 Td (ef) Tj ET Q q 0 0 0 rg BT 225.23 132.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 254.93 132.25 Td (as ) Tj ET Q q 0 0 0 rg BT 265.76 132.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.59 132.25 Td (July ) Tj ET Q q 0 0 0 rg BT 295.76 132.25 Td (23, ) Tj ET Q q 0 0 0 rg BT 310.76 132.25 Td (2015. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.00 120.25 Td (\(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.49 120.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.00 120.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 85.67 120.25 Td (. ) Tj ET Q q 0 0 0 rg BT 89.77 120.25 Td (Grubb ) Tj ET Q q 0 0 0 rg BT 116.91 120.25 Td (was ) Tj ET Q q 0 0 0 rg BT 134.06 120.25 Td (appointed ) Tj ET Q q 0 0 0 rg BT 175.09 120.25 Td (as ) Tj ET Q q 0 0 0 rg BT 185.02 120.25 Td (our ) Tj ET Q q 0 0 0 rg BT 199.94 120.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 223.75 120.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 262.56 120.25 Td (Of) Tj ET Q q 0 0 0 rg BT 272.93 120.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 292.84 120.25 Td (ef) Tj ET Q q 0 0 0 rg BT 300.43 120.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 329.23 120.25 Td (as ) Tj ET Q q 0 0 0 rg BT 339.15 120.25 Td (of ) Tj ET Q q 0 0 0 rg BT 349.08 120.25 Td (May ) Tj ET Q q 0 0 0 rg BT 369.01 120.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 378.10 120.25 Td (2012 ) Tj ET Q q 0 0 0 rg BT 399.70 120.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.73 120.25 Td (was ) Tj ET Q q 0 0 0 rg BT 432.88 120.25 Td (promoted ) Tj ET Q q 0 0 0 rg BT 472.80 120.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.17 120.25 Td (Managing ) Tj ET Q q 0 0 0 rg BT 524.32 120.25 Td (Director ) Tj ET Q q 0 0 0 rg BT 559.23 120.25 Td (ef) Tj ET Q q 0 0 0 rg BT 566.82 120.25 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 108.25 Td (as ) Tj ET Q q 0 0 0 rg BT 84.83 108.25 Td (of ) Tj ET Q q 0 0 0 rg BT 95.66 108.25 Td (January ) Tj ET Q q 0 0 0 rg BT 129.26 108.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 139.26 108.25 Td (2014. ) Tj ET Q q 0 0 0 rg BT 164.26 108.25 Td ( ) Tj ET Q q 0 0 0 rg BT 166.76 108.25 Td (In ) Tj ET Q q 0 0 0 rg BT 177.59 108.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 223.96 108.25 Td (with ) Tj ET Q q 0 0 0 rg BT 244.24 108.25 Td (his ) Tj ET Q q 0 0 0 rg BT 258.41 108.25 Td (promotion, ) Tj ET Q q 0 0 0 rg BT 305.07 108.25 Td (his ) Tj ET Q q 0 0 0 rg BT 319.24 108.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 348.40 108.25 Td (base ) Tj ET Q q 0 0 0 rg BT 368.67 108.25 Td (salary ) Tj ET Q q 0 0 0 rg BT 395.04 108.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 435.30 108.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.58 108.25 Td ($500,000 ) Tj ET Q q 0 0 0 rg BT 485.58 108.25 Td (in ) Tj ET Q q 0 0 0 rg BT 495.86 108.25 Td (2014.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.00 96.25 Td (\(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.49 96.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.00 96.25 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 91.78 96.25 Td (Moran ) Tj ET Q q 0 0 0 rg BT 120.94 96.25 Td (joined ) Tj ET Q q 0 0 0 rg BT 148.44 96.25 Td (our ) Tj ET Q q 0 0 0 rg BT 164.27 96.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 205.65 96.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.59 96.25 Td (was ) Tj ET Q q 0 0 0 rg BT 240.65 96.25 Td (appointed ) Tj ET Q q 0 0 0 rg BT 282.58 96.25 Td (our ) Tj ET Q q 0 0 0 rg BT 298.41 96.25 Td (Chief ) Tj ET Q q 0 0 0 rg BT 323.13 96.25 Td (Legal ) Tj ET Q q 0 0 0 rg BT 348.39 96.25 Td (Of) Tj ET Q q 0 0 0 rg BT 358.76 96.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 379.58 96.25 Td (and ) Tj ET Q q 0 0 0 rg BT 396.51 96.25 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 436.77 96.25 Td (ef) Tj ET Q q 0 0 0 rg BT 444.36 96.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 474.06 96.25 Td (as ) Tj ET Q q 0 0 0 rg BT 484.89 96.25 Td (of ) Tj ET Q q 0 0 0 rg BT 495.17 96.25 Td (April14, ) Tj ET Q q 0 0 0 rg BT 533.77 96.25 Td (2014.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.00 84.25 Td (\(7\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.49 84.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.00 84.25 Td (This ) Tj ET Q q 0 0 0 rg BT 94.28 84.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 126.77 84.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 158.70 84.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.41 84.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 193.68 84.25 Td (bonus ) Tj ET Q q 0 0 0 rg BT 220.07 84.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 256.44 84.25 Td (to ) Tj ET Q q 0 0 0 rg BT 266.72 84.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 278.39 84.25 Td (. ) Tj ET Q q 0 0 0 rg BT 283.39 84.25 Td (Costantino ) Tj ET Q q 0 0 0 rg BT 329.22 84.25 Td (in ) Tj ET Q q 0 0 0 rg BT 339.50 84.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 362.00 84.25 Td (in ) Tj ET Q q 0 0 0 rg BT 372.28 84.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 403.10 84.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.93 84.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 436.43 84.25 Td (performance.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.00 72.25 Td (\(8\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 72.25 Td (This ) Tj ET Q q 0 0 0 rg BT 94.28 72.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 126.77 72.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 158.70 72.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.41 72.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 193.68 72.25 Td (bonus ) Tj ET Q q 0 0 0 rg BT 220.07 72.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 256.44 72.25 Td (to ) Tj ET Q q 0 0 0 rg BT 266.72 72.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 278.39 72.25 Td (. ) Tj ET Q q 0 0 0 rg BT 283.21 72.25 Td (W) Tj ET Q q 0 0 0 rg BT 292.05 72.25 Td (yles ) Tj ET Q q 0 0 0 rg BT 310.65 72.25 Td (in ) Tj ET Q q 0 0 0 rg BT 320.93 72.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 343.43 72.25 Td (in ) Tj ET Q q 0 0 0 rg BT 353.71 72.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 384.53 72.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.36 72.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 417.86 72.25 Td (performance.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.00 60.25 Td (\(9\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.49 60.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.00 60.25 Td (This ) Tj ET Q q 0 0 0 rg BT 93.98 60.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 126.18 60.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 157.80 60.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.22 60.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 192.19 60.25 Td (bonus ) Tj ET Q q 0 0 0 rg BT 218.28 60.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 254.35 60.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.33 60.25 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 281.81 60.25 Td (Moran ) Tj ET Q q 0 0 0 rg BT 310.67 60.25 Td (in ) Tj ET Q q 0 0 0 rg BT 320.65 60.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 351.17 60.25 Td (of ) Tj ET Q q 0 0 0 rg BT 361.70 60.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 383.90 60.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 439.13 60.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 475.77 60.25 Td (to ) Tj ET Q q 0 0 0 rg BT 485.75 60.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.16 60.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 524.58 60.25 Td (of ) Tj ET Q q 0 0 0 rg BT 535.11 60.25 Td (her ) Tj ET Q q 0 0 0 rg BT 550.08 60.25 Td (of) Tj ET Q q 0 0 0 rg BT 558.23 60.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 571.53 60.25 Td (letter) Tj ET Q q 0 0 0 rg BT 591.52 60.25 Td (. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.00 48.25 Td (\(10\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.99 48.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.00 48.25 Td (This ) Tj ET Q q 0 0 0 rg BT 93.98 48.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 126.18 48.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 157.80 48.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.22 48.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 192.19 48.25 Td (bonus ) Tj ET Q q 0 0 0 rg BT 218.28 48.25 Td (awarded ) Tj ET Q q 0 0 0 rg BT 254.35 48.25 Td (to ) Tj ET Q q 0 0 0 rg BT 264.33 48.25 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 281.81 48.25 Td (Moran ) Tj ET Q q 0 0 0 rg BT 310.67 48.25 Td (in ) Tj ET Q q 0 0 0 rg BT 320.65 48.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 351.17 48.25 Td (of ) Tj ET Q q 0 0 0 rg BT 361.70 48.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 383.90 48.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 439.13 48.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 475.77 48.25 Td (to ) Tj ET Q q 0 0 0 rg BT 485.75 48.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.16 48.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 524.58 48.25 Td (of ) Tj ET Q q 0 0 0 rg BT 535.11 48.25 Td (her ) Tj ET Q q 0 0 0 rg BT 550.08 48.25 Td (of) Tj ET Q q 0 0 0 rg BT 558.23 48.25 Td (fer ) Tj ET Q q 0 0 0 rg BT 571.53 48.25 Td (letter) Tj ET Q q 0 0 0 rg BT 591.52 48.25 Td (.) Tj ET Q endstream endobj 115 0 obj <> endobj 116 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.00 742.10 Td (\(1) Tj ET Q q 0 0 0 rg BT 56.16 742.10 Td (1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.66 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.00 742.10 Td (This ) Tj ET Q q 0 0 0 rg BT 94.28 742.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 126.77 742.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 158.70 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.41 742.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 193.68 742.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 220.07 742.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 256.44 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.72 742.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 278.39 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 283.39 742.10 Td (Costantino ) Tj ET Q q 0 0 0 rg BT 329.22 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 339.50 742.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 362.00 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.28 742.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 403.10 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.93 742.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 436.43 742.10 Td (performance.) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 49.00 730.10 Td (\(12\) ) Tj ET Q q 0 0 0 rg BT 66.24 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 68.49 730.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 730.10 Td (This ) Tj ET Q q 0 0 0 rg BT 94.28 730.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 126.77 730.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 158.70 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.41 730.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 193.68 730.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 220.07 730.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 256.44 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.72 730.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 278.39 730.10 Td (. ) Tj ET Q q 0 0 0 rg BT 283.39 730.10 Td (Grubb ) Tj ET Q q 0 0 0 rg BT 311.44 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.72 730.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 344.22 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.50 730.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 385.31 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.14 730.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 418.64 730.10 Td (performance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 718.10 Td (\(13\) ) Tj ET Q q 0 0 0 rg BT 74.00 718.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 110.60 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.63 718.10 Td ($497,358 ) Tj ET Q q 0 0 0 rg BT 161.82 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 172.30 718.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 209.99 718.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 254.34 718.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 295.36 718.10 Td (made ) Tj ET Q q 0 0 0 rg BT 319.72 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 330.19 718.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 361.21 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.23 718.10 Td (unvested ) Tj ET Q q 0 0 0 rg BT 410.48 718.10 Td (RSUs ) Tj ET Q q 0 0 0 rg BT 436.52 718.10 Td (\(Dividend ) Tj ET Q q 0 0 0 rg BT 484.20 718.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 530.22 718.10 Td (Payments\) ) Tj ET Q q 0 0 0 rg BT 579.58 718.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 706.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 104.00 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.28 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 121.22 706.10 Td (matching ) Tj ET Q q 0 0 0 rg BT 160.93 706.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 212.31 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.59 706.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 234.26 706.10 Td (.Bok) Tj ET Q q 0 0 0 rg BT 258.71 706.10 Td (s ) Tj ET Q q 0 0 0 rg BT 265.10 706.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 294.26 706.10 Td (Profit ) Tj ET Q q 0 0 0 rg BT 319.54 706.10 Td (Sharing ) Tj ET Q q 0 0 0 rg BT 353.15 706.10 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 694.10 Td (\(14\) ) Tj ET Q q 0 0 0 rg BT 74.00 694.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 110.52 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.47 694.10 Td ($496,732 ) Tj ET Q q 0 0 0 rg BT 161.58 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.98 694.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 211.81 694.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 257.75 694.10 Td (Payments ) Tj ET Q q 0 0 0 rg BT 299.25 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.31 694.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 346.43 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 356.82 694.10 Td (a ) Tj ET Q q 0 0 0 rg BT 363.88 694.10 Td (matching ) Tj ET Q q 0 0 0 rg BT 403.71 694.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 455.21 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.60 694.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 477.27 694.10 Td (.Bok) Tj ET Q q 0 0 0 rg BT 501.72 694.10 Td (s ) Tj ET Q q 0 0 0 rg BT 508.23 694.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 537.51 694.10 Td (Profit ) Tj ET Q q 0 0 0 rg BT 562.90 694.10 Td (Sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 682.10 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 670.10 Td (\(15\) ) Tj ET Q q 0 0 0 rg BT 74.00 670.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 110.11 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.65 670.10 Td ($461,293 ) Tj ET Q q 0 0 0 rg BT 160.37 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 170.36 670.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 209.79 670.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 255.32 670.10 Td (Payments, ) Tj ET Q q 0 0 0 rg BT 298.92 670.10 Td ($130,058 ) Tj ET Q q 0 0 0 rg BT 338.63 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 348.62 670.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 368.60 670.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 413.58 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.57 670.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 454.10 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.64 670.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 489.07 670.10 Td (overrides ) Tj ET Q q 0 0 0 rg BT 528.49 670.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 564.57 670.10 Td (in ) Tj ET Q q 0 0 0 rg BT 574.56 670.10 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 658.10 Td (years ) Tj ET Q q 0 0 0 rg BT 97.41 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 109.73 658.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 159.82 658.10 Td (made ) Tj ET Q q 0 0 0 rg BT 183.79 658.10 Td (by ) Tj ET Q q 0 0 0 rg BT 196.10 658.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 236.18 658.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 267.37 658.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 302.46 658.10 Td (I ) Tj ET Q q 0 0 0 rg BT 308.10 658.10 Td (\("Profit ) Tj ET Q q 0 0 0 rg BT 340.61 658.10 Td (Overrides"\) ) Tj ET Q q 0 0 0 rg BT 389.76 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.51 658.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 436.33 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.42 658.10 Td (a ) Tj ET Q q 0 0 0 rg BT 453.17 658.10 Td (matching ) Tj ET Q q 0 0 0 rg BT 492.70 658.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 543.90 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.99 658.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 565.66 658.10 Td (.Bok) Tj ET Q q 0 0 0 rg BT 590.11 658.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 646.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 103.16 646.10 Td (Profit ) Tj ET Q q 0 0 0 rg BT 128.44 646.10 Td (Sharing ) Tj ET Q q 0 0 0 rg BT 162.05 646.10 Td (Plan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 634.10 Td (\(16\) ) Tj ET Q q 0 0 0 rg BT 74.00 634.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 111.27 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.97 634.10 Td ($68,589 ) Tj ET Q q 0 0 0 rg BT 158.84 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.99 634.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 210.58 634.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 257.27 634.10 Td (Payments ) Tj ET Q q 0 0 0 rg BT 299.53 634.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.34 634.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 348.21 634.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.36 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 367.17 634.10 Td (matching ) Tj ET Q q 0 0 0 rg BT 407.75 634.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 460.00 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.15 634.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 482.82 634.10 Td (.Costantino) Tj ET Q q 0 0 0 rg BT 533.93 634.10 Td (s ) Tj ET Q q 0 0 0 rg BT 541.19 634.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 571.23 634.10 Td (Profit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 622.10 Td (Sharing ) Tj ET Q q 0 0 0 rg BT 107.61 622.10 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 610.10 Td (\(17\) ) Tj ET Q q 0 0 0 rg BT 74.00 610.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 111.27 610.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.97 610.10 Td ($47,183 ) Tj ET Q q 0 0 0 rg BT 158.84 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.99 610.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 210.58 610.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 257.27 610.10 Td (Payments ) Tj ET Q q 0 0 0 rg BT 299.53 610.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.34 610.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 348.21 610.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.36 610.10 Td (a ) Tj ET Q q 0 0 0 rg BT 367.17 610.10 Td (matching ) Tj ET Q q 0 0 0 rg BT 407.75 610.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 460.00 610.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.15 610.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 482.82 610.10 Td (.Costantino) Tj ET Q q 0 0 0 rg BT 533.93 610.10 Td (s ) Tj ET Q q 0 0 0 rg BT 541.19 610.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 571.23 610.10 Td (Profit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 598.10 Td (Sharing ) Tj ET Q q 0 0 0 rg BT 107.61 598.10 Td (Plan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 586.10 Td (\(18\) ) Tj ET Q q 0 0 0 rg BT 74.00 586.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 111.27 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.97 586.10 Td ($23,976 ) Tj ET Q q 0 0 0 rg BT 158.84 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.99 586.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 210.58 586.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 257.27 586.10 Td (Payments ) Tj ET Q q 0 0 0 rg BT 299.53 586.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.34 586.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 348.21 586.10 Td (in ) Tj ET Q q 0 0 0 rg BT 359.36 586.10 Td (a ) Tj ET Q q 0 0 0 rg BT 367.17 586.10 Td (matching ) Tj ET Q q 0 0 0 rg BT 407.75 586.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 460.00 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 471.15 586.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 482.82 586.10 Td (.Costantino) Tj ET Q q 0 0 0 rg BT 533.93 586.10 Td (s ) Tj ET Q q 0 0 0 rg BT 541.19 586.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 571.23 586.10 Td (Profit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 574.10 Td (Sharing ) Tj ET Q q 0 0 0 rg BT 107.61 574.10 Td (Plan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 562.10 Td (\(19\) ) Tj ET Q q 0 0 0 rg BT 74.00 562.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 110.40 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.23 562.10 Td ($284,353 ) Tj ET Q q 0 0 0 rg BT 161.23 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.51 562.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 211.23 562.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 257.05 562.10 Td (Payments ) Tj ET Q q 0 0 0 rg BT 298.43 562.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.37 562.10 Td ($19,408 ) Tj ET Q q 0 0 0 rg BT 350.37 562.10 Td (in ) Tj ET Q q 0 0 0 rg BT 360.65 562.10 Td (employer ) Tj ET Q q 0 0 0 rg BT 400.91 562.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 456.19 562.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.47 562.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 478.14 562.10 Td (.) Tj ET Q q 0 0 0 rg BT 482.95 562.10 Td (W) Tj ET Q q 0 0 0 rg BT 491.79 562.10 Td (yles) Tj ET Q q 0 0 0 rg BT 510.68 562.10 Td (s ) Tj ET Q q 0 0 0 rg BT 517.07 562.10 Td (UK ) Tj ET Q q 0 0 0 rg BT 534.01 562.10 Td (Pension ) Tj ET Q q 0 0 0 rg BT 568.18 562.10 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 550.10 Td (\(20\) ) Tj ET Q q 0 0 0 rg BT 74.00 550.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 110.40 550.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.23 550.10 Td ($183,442 ) Tj ET Q q 0 0 0 rg BT 161.23 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.51 550.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 211.23 550.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 257.05 550.10 Td (Payments ) Tj ET Q q 0 0 0 rg BT 298.43 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.37 550.10 Td ($22,821 ) Tj ET Q q 0 0 0 rg BT 350.37 550.10 Td (in ) Tj ET Q q 0 0 0 rg BT 360.65 550.10 Td (employer ) Tj ET Q q 0 0 0 rg BT 400.91 550.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 456.19 550.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.47 550.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 478.14 550.10 Td (.) Tj ET Q q 0 0 0 rg BT 482.95 550.10 Td (W) Tj ET Q q 0 0 0 rg BT 491.79 550.10 Td (yles) Tj ET Q q 0 0 0 rg BT 510.68 550.10 Td (s ) Tj ET Q q 0 0 0 rg BT 517.07 550.10 Td (UK ) Tj ET Q q 0 0 0 rg BT 534.01 550.10 Td (Pension ) Tj ET Q q 0 0 0 rg BT 568.18 550.10 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 538.10 Td (\(21\) ) Tj ET Q q 0 0 0 rg BT 74.00 538.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 110.40 538.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.23 538.10 Td ($142,326 ) Tj ET Q q 0 0 0 rg BT 161.23 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.51 538.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 211.23 538.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 257.05 538.10 Td (Payments ) Tj ET Q q 0 0 0 rg BT 298.43 538.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.37 538.10 Td ($21,500 ) Tj ET Q q 0 0 0 rg BT 350.37 538.10 Td (in ) Tj ET Q q 0 0 0 rg BT 360.65 538.10 Td (employer ) Tj ET Q q 0 0 0 rg BT 400.91 538.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 456.19 538.10 Td (to ) Tj ET Q q 0 0 0 rg BT 466.47 538.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 478.14 538.10 Td (.) Tj ET Q q 0 0 0 rg BT 482.95 538.10 Td (W) Tj ET Q q 0 0 0 rg BT 491.79 538.10 Td (yles) Tj ET Q q 0 0 0 rg BT 510.68 538.10 Td (s ) Tj ET Q q 0 0 0 rg BT 517.07 538.10 Td (UK ) Tj ET Q q 0 0 0 rg BT 534.01 538.10 Td (Pension ) Tj ET Q q 0 0 0 rg BT 568.18 538.10 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 526.10 Td (\(22\) ) Tj ET Q q 0 0 0 rg BT 74.00 526.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 110.29 526.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.01 526.10 Td ($61,555 ) Tj ET Q q 0 0 0 rg BT 155.90 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.07 526.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 205.67 526.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 251.38 526.10 Td (Payments ) Tj ET Q q 0 0 0 rg BT 292.66 526.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.48 526.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 339.37 526.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.54 526.10 Td (a ) Tj ET Q q 0 0 0 rg BT 356.37 526.10 Td (matching ) Tj ET Q q 0 0 0 rg BT 395.97 526.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 447.24 526.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.41 526.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 469.08 526.10 Td (.Grubb) Tj ET Q q 0 0 0 rg BT 502.41 526.10 Td (s ) Tj ET Q q 0 0 0 rg BT 508.69 526.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 537.74 526.10 Td (Profit ) Tj ET Q q 0 0 0 rg BT 562.91 526.10 Td (Sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 514.10 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 502.10 Td (\(23\) ) Tj ET Q q 0 0 0 rg BT 74.00 502.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 110.29 502.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.01 502.10 Td ($39,829 ) Tj ET Q q 0 0 0 rg BT 155.90 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.07 502.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 205.67 502.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 251.38 502.10 Td (Payments ) Tj ET Q q 0 0 0 rg BT 292.66 502.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.48 502.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 339.37 502.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.54 502.10 Td (a ) Tj ET Q q 0 0 0 rg BT 356.37 502.10 Td (matching ) Tj ET Q q 0 0 0 rg BT 395.97 502.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 447.24 502.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.41 502.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 469.08 502.10 Td (.Grubb) Tj ET Q q 0 0 0 rg BT 502.41 502.10 Td (s ) Tj ET Q q 0 0 0 rg BT 508.69 502.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 537.74 502.10 Td (Profit ) Tj ET Q q 0 0 0 rg BT 562.91 502.10 Td (Sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 490.10 Td (Plan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 478.10 Td (\(24\) ) Tj ET Q q 0 0 0 rg BT 74.00 478.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 110.29 478.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.01 478.10 Td ($17,068 ) Tj ET Q q 0 0 0 rg BT 155.90 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 166.07 478.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 205.67 478.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 251.38 478.10 Td (Payments ) Tj ET Q q 0 0 0 rg BT 292.66 478.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.48 478.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 339.37 478.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.54 478.10 Td (a ) Tj ET Q q 0 0 0 rg BT 356.37 478.10 Td (matching ) Tj ET Q q 0 0 0 rg BT 395.97 478.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 447.24 478.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.41 478.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 469.08 478.10 Td (.Grubb) Tj ET Q q 0 0 0 rg BT 502.41 478.10 Td (s ) Tj ET Q q 0 0 0 rg BT 508.69 478.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 537.74 478.10 Td (Profit ) Tj ET Q q 0 0 0 rg BT 562.91 478.10 Td (Sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 466.10 Td (Plan. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 454.10 Td (\(25\) ) Tj ET Q q 0 0 0 rg BT 74.00 454.10 Td (Consists ) Tj ET Q q 0 0 0 rg BT 110.17 454.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.77 454.10 Td ($39,672 ) Tj ET Q q 0 0 0 rg BT 155.55 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.60 454.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 205.09 454.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 250.68 454.10 Td (Payments ) Tj ET Q q 0 0 0 rg BT 291.84 454.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.55 454.10 Td ($1,000 ) Tj ET Q q 0 0 0 rg BT 338.32 454.10 Td (in ) Tj ET Q q 0 0 0 rg BT 348.37 454.10 Td (a ) Tj ET Q q 0 0 0 rg BT 355.08 454.10 Td (matching ) Tj ET Q q 0 0 0 rg BT 394.56 454.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 445.72 454.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.77 454.10 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 473.32 454.10 Td (Moran) Tj ET Q q 0 0 0 rg BT 502.76 454.10 Td (s ) Tj ET Q q 0 0 0 rg BT 508.93 454.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 537.86 454.10 Td (Profit ) Tj ET Q q 0 0 0 rg BT 562.91 454.10 Td (Sharing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 442.10 Td (Plan.) 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Wyles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.90 602.37 Td (February 9, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.60 602.37 Td (See Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 602.37 Td (11,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.55 602.37 Td (\(A\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 602.37 Td (425,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 588.37 Td (David A. Wyles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.90 588.37 Td (February 9, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.60 588.37 Td (See Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 588.37 Td (66,620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.80 588.37 Td (\(B\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 588.37 Td (2,375,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 574.37 Td (Christopher T. Grubb) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.90 574.37 Td (February 9, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.60 574.37 Td (See Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 574.37 Td (16,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.80 574.37 Td (\(B\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 574.37 Td (600,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 560.37 Td (Patricia Moran) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.90 560.37 Td (February 9, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.60 560.37 Td (See Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 560.37 Td (12,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.80 560.37 Td (\(B\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.65 560.37 Td (460,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 546.37 Td (Harold J. Rodriguez, Jr.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.90 546.37 Td (February 9, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.60 546.37 Td (See Note 1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 546.37 Td (29,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.55 546.37 Td (\(A\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.15 546.37 Td (1,049,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 518.30 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 74.00 518.30 Td (As ) Tj ET Q q 0 0 0 rg BT 86.80 518.30 Td (described ) Tj ET Q q 0 0 0 rg BT 126.81 518.30 Td (in ) Tj ET Q q 0 0 0 rg BT 136.28 518.30 Td (the ) Tj ET Q q 0 0 0 rg BT 150.19 518.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 214.09 518.30 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 259.68 518.30 Td (and ) Tj ET Q q 0 0 0 rg BT 275.44 518.30 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 316.57 518.30 Td (above, ) Tj ET Q q 0 0 0 rg BT 344.63 518.30 Td (the ) Tj ET Q q 0 0 0 rg BT 358.54 518.30 Td (named ) Tj ET Q q 0 0 0 rg BT 386.89 518.30 Td (executive ) Tj ET Q q 0 0 0 rg BT 426.89 518.30 Td (of) Tj ET Q q 0 0 0 rg BT 435.04 518.30 Td (ficers ) Tj ET Q q 0 0 0 rg BT 458.94 518.30 Td (are ) Tj ET Q q 0 0 0 rg BT 472.84 518.30 Td (eligible ) Tj ET Q q 0 0 0 rg BT 504.52 518.30 Td (for ) Tj ET Q q 0 0 0 rg BT 517.87 518.30 Td (an ) Tj ET Q q 0 0 0 rg BT 529.00 518.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 557.35 518.30 Td (incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 506.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 131.23 506.30 Td (award ) Tj ET Q q 0 0 0 rg BT 157.34 506.30 Td (in ) Tj ET Q q 0 0 0 rg BT 166.80 506.30 Td (the ) Tj ET Q q 0 0 0 rg BT 180.70 506.30 Td (form ) Tj ET Q q 0 0 0 rg BT 201.82 506.30 Td (of ) Tj ET Q q 0 0 0 rg BT 211.84 506.30 Td (a ) Tj ET Q q 0 0 0 rg BT 217.96 506.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 237.41 506.30 Td (payment. ) Tj ET Q q 0 0 0 rg BT 275.66 506.30 Td (As ) Tj ET Q q 0 0 0 rg BT 288.45 506.30 Td (described ) Tj ET Q q 0 0 0 rg BT 328.45 506.30 Td (in ) Tj ET Q q 0 0 0 rg BT 337.91 506.30 Td (the ) Tj ET Q q 0 0 0 rg BT 351.81 506.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 415.71 506.30 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 461.28 506.30 Td (and ) Tj ET Q q 0 0 0 rg BT 477.04 506.30 Td (Analysis, ) Tj ET Q q 0 0 0 rg BT 520.66 506.30 Td (the ) Tj ET Q q 0 0 0 rg BT 534.56 506.30 Td (actual ) Tj ET Q q 0 0 0 rg BT 560.11 506.30 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 494.30 Td (paid ) Tj ET Q q 0 0 0 rg BT 95.79 494.30 Td (to ) Tj ET Q q 0 0 0 rg BT 108.14 494.30 Td (our ) Tj ET Q q 0 0 0 rg BT 126.04 494.30 Td (named ) Tj ET Q q 0 0 0 rg BT 157.26 494.30 Td (executive ) Tj ET Q q 0 0 0 rg BT 200.15 494.30 Td (of) Tj ET Q q 0 0 0 rg BT 208.29 494.30 Td (ficers ) Tj ET Q q 0 0 0 rg BT 235.07 494.30 Td (are ) Tj ET Q q 0 0 0 rg BT 251.85 494.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 301.40 494.30 Td (by ) Tj ET Q q 0 0 0 rg BT 315.97 494.30 Td (our ) Tj ET Q q 0 0 0 rg BT 333.87 494.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 396.22 494.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 445.23 494.30 Td (once ) Tj ET Q q 0 0 0 rg BT 468.67 494.30 Td (the ) Tj ET Q q 0 0 0 rg BT 485.46 494.30 Td (available ) Tj ET Q q 0 0 0 rg BT 526.12 494.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 557.35 494.30 Td (incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 482.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 131.59 482.30 Td (award ) Tj ET Q q 0 0 0 rg BT 158.07 482.30 Td (pool ) Tj ET Q q 0 0 0 rg BT 177.89 482.30 Td (is ) Tj ET Q q 0 0 0 rg BT 186.61 482.30 Td (known ) Tj ET Q q 0 0 0 rg BT 215.88 482.30 Td (and ) Tj ET Q q 0 0 0 rg BT 232.37 482.30 Td (are ) Tj ET Q q 0 0 0 rg BT 246.62 482.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 277.00 482.30 Td (to ) Tj ET Q q 0 0 0 rg BT 286.82 482.30 Td (a ) Tj ET Q q 0 0 0 rg BT 293.31 482.30 Td (percentage ) Tj ET Q q 0 0 0 rg BT 338.66 482.30 Td (cap ) Tj ET Q q 0 0 0 rg BT 354.59 482.30 Td (on ) Tj ET Q q 0 0 0 rg BT 366.63 482.30 Td (each ) Tj ET Q q 0 0 0 rg BT 387.00 482.30 Td (named ) Tj ET Q q 0 0 0 rg BT 415.70 482.30 Td (executive ) Tj ET Q q 0 0 0 rg BT 456.06 482.30 Td (of) Tj ET Q q 0 0 0 rg BT 464.21 482.30 Td (ficer) Tj ET Q q 0 0 0 rg BT 482.90 482.30 Td () Tj ET Q q 0 0 0 rg BT 485.67 482.30 Td (s ) Tj ET Q q 0 0 0 rg BT 491.61 482.30 Td (potential ) Tj ET Q q 0 0 0 rg BT 528.65 482.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 557.36 482.30 Td (incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 470.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 132.04 470.30 Td (award ) Tj ET Q q 0 0 0 rg BT 158.97 470.30 Td (which ) Tj ET Q q 0 0 0 rg BT 185.91 470.30 Td (is ) Tj ET Q q 0 0 0 rg BT 195.08 470.30 Td (established ) Tj ET Q q 0 0 0 rg BT 242.01 470.30 Td (by ) Tj ET Q q 0 0 0 rg BT 254.51 470.30 Td (the ) Tj ET Q q 0 0 0 rg BT 269.23 470.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 329.50 470.30 Td (Committee ) Tj ET Q q 0 0 0 rg BT 376.44 470.30 Td (at ) Tj ET Q q 0 0 0 rg BT 386.16 470.30 Td (the ) Tj ET Q q 0 0 0 rg BT 400.88 470.30 Td (beginning ) Tj ET Q q 0 0 0 rg BT 443.37 470.30 Td (of ) Tj ET Q q 0 0 0 rg BT 454.20 470.30 Td (each ) Tj ET Q q 0 0 0 rg BT 475.02 470.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 528.04 470.30 Td (period. ) Tj ET Q q 0 0 0 rg BT 558.58 470.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 446.30 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 74.00 446.30 Td (These ) Tj ET Q q 0 0 0 rg BT 99.51 446.30 Td (restricted ) Tj ET Q q 0 0 0 rg BT 138.34 446.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 161.08 446.30 Td (units ) Tj ET Q q 0 0 0 rg BT 182.16 446.30 Td (were ) Tj ET Q q 0 0 0 rg BT 203.23 446.30 Td (granted ) Tj ET Q q 0 0 0 rg BT 234.84 446.30 Td (as ) Tj ET Q q 0 0 0 rg BT 244.81 446.30 Td (a ) Tj ET Q q 0 0 0 rg BT 250.88 446.30 Td (part ) Tj ET Q q 0 0 0 rg BT 268.06 446.30 Td (of ) Tj ET Q q 0 0 0 rg BT 278.02 446.30 Td (our ) Tj ET Q q 0 0 0 rg BT 292.98 446.30 Td (long-term ) Tj ET Q q 0 0 0 rg BT 334.05 446.30 Td (incentive ) Tj ET Q q 0 0 0 rg BT 372.33 446.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 429.50 446.30 Td (program ) Tj ET Q q 0 0 0 rg BT 465.01 446.30 Td (in ) Tj ET Q q 0 0 0 rg BT 474.42 446.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 504.37 446.30 Td (of ) Tj ET Q q 0 0 0 rg BT 514.33 446.30 Td (2014 ) Tj ET Q q 0 0 0 rg BT 535.97 446.30 Td (compensation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 434.30 Td (Those ) Tj ET Q q 0 0 0 rg BT 100.38 434.30 Td (awards ) Tj ET Q q 0 0 0 rg BT 130.65 434.30 Td (marked ) Tj ET Q q 0 0 0 rg BT 162.58 434.30 Td (\(A\)were ) Tj ET Q q 0 0 0 rg BT 200.34 434.30 Td (granted ) Tj ET Q q 0 0 0 rg BT 232.27 434.30 Td (on ) Tj ET Q q 0 0 0 rg BT 244.21 434.30 Td (February ) Tj ET Q q 0 0 0 rg BT 282.26 434.30 Td (9, ) Tj ET Q q 0 0 0 rg BT 291.71 434.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 313.65 434.30 Td (and ) Tj ET Q q 0 0 0 rg BT 330.04 434.30 Td (will ) Tj ET Q q 0 0 0 rg BT 347.54 434.30 Td (vest ) Tj ET Q q 0 0 0 rg BT 365.59 434.30 Td (100% ) Tj ET Q q 0 0 0 rg BT 390.87 434.30 Td (on ) Tj ET Q q 0 0 0 rg BT 402.81 434.30 Td (January1, ) Tj ET Q q 0 0 0 rg BT 445.86 434.30 Td (2020. ) Tj ET Q q 0 0 0 rg BT 470.16 434.30 Td (Those ) Tj ET Q q 0 0 0 rg BT 496.55 434.30 Td (awards ) Tj ET Q q 0 0 0 rg BT 526.81 434.30 Td (marked ) Tj ET Q q 0 0 0 rg BT 558.74 434.30 Td (\(B\)were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 422.30 Td (granted ) Tj ET Q q 0 0 0 rg BT 106.41 422.30 Td (on ) Tj ET Q q 0 0 0 rg BT 118.84 422.30 Td (February ) Tj ET Q q 0 0 0 rg BT 157.36 422.30 Td (9, ) Tj ET Q q 0 0 0 rg BT 167.29 422.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 189.71 422.30 Td (and ) Tj ET Q q 0 0 0 rg BT 206.58 422.30 Td (vested ) Tj ET Q q 0 0 0 rg BT 234.55 422.30 Td (as ) Tj ET Q q 0 0 0 rg BT 245.31 422.30 Td (to ) Tj ET Q q 0 0 0 rg BT 255.51 422.30 Td (20% ) Tj ET Q q 0 0 0 rg BT 276.27 422.30 Td (of ) Tj ET Q q 0 0 0 rg BT 287.02 422.30 Td (the ) Tj ET Q q 0 0 0 rg BT 301.66 422.30 Td (original ) Tj ET Q q 0 0 0 rg BT 335.19 422.30 Td (award ) Tj ET Q q 0 0 0 rg BT 362.05 422.30 Td (on ) Tj ET Q q 0 0 0 rg BT 374.47 422.30 Td (January ) Tj ET Q q 0 0 0 rg BT 408.00 422.30 Td (1, ) Tj ET Q q 0 0 0 rg BT 417.92 422.30 Td (2016, ) Tj ET Q q 0 0 0 rg BT 442.85 422.30 Td (and ) Tj ET Q q 0 0 0 rg BT 459.71 422.30 Td (the ) Tj ET Q q 0 0 0 rg BT 474.36 422.30 Td (remainder ) Tj ET Q q 0 0 0 rg BT 517.31 422.30 Td (will ) Tj ET Q q 0 0 0 rg BT 535.30 422.30 Td (vest ) Tj ET Q q 0 0 0 rg BT 553.83 422.30 Td (ratably ) Tj ET Q q 0 0 0 rg BT 584.02 422.30 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 410.30 Td (January ) Tj ET Q q 0 0 0 rg BT 107.42 410.30 Td (1 ) Tj ET Q q 0 0 0 rg BT 114.75 410.30 Td (of ) Tj ET Q q 0 0 0 rg BT 125.40 410.30 Td (each ) Tj ET Q q 0 0 0 rg BT 146.04 410.30 Td (of ) Tj ET Q q 0 0 0 rg BT 156.69 410.30 Td (2017, ) Tj ET Q q 0 0 0 rg BT 181.51 410.30 Td (2018, ) Tj ET Q q 0 0 0 rg BT 206.34 410.30 Td (2019 ) Tj ET Q q 0 0 0 rg BT 228.66 410.30 Td (and ) Tj ET Q q 0 0 0 rg BT 245.42 410.30 Td (2020. ) Tj ET Q q 0 0 0 rg BT 270.08 410.30 Td (The ) Tj ET Q q 0 0 0 rg BT 287.95 410.30 Td (units ) Tj ET Q q 0 0 0 rg BT 309.72 410.30 Td (comprising ) Tj ET Q q 0 0 0 rg BT 357.04 410.30 Td (the ) Tj ET Q q 0 0 0 rg BT 371.58 410.30 Td (awards ) Tj ET Q q 0 0 0 rg BT 402.22 410.30 Td (are ) Tj ET Q q 0 0 0 rg BT 416.75 410.30 Td (subject ) Tj ET Q q 0 0 0 rg BT 447.40 410.30 Td (to ) Tj ET Q q 0 0 0 rg BT 457.50 410.30 Td (payment ) Tj ET Q q 0 0 0 rg BT 494.26 410.30 Td (within ) Tj ET Q q 0 0 0 rg BT 522.14 410.30 Td (75 ) Tj ET Q q 0 0 0 rg BT 534.46 410.30 Td (days ) Tj ET Q q 0 0 0 rg BT 555.11 410.30 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 398.30 Td (each ) Tj ET Q q 0 0 0 rg BT 94.78 398.30 Td (such ) Tj ET Q q 0 0 0 rg BT 115.57 398.30 Td (vesting ) Tj ET Q q 0 0 0 rg BT 146.91 398.30 Td (date. ) Tj ET Q q 0 0 0 rg BT 168.53 398.30 Td (Each ) Tj ET Q q 0 0 0 rg BT 190.97 398.30 Td (unit ) Tj ET Q q 0 0 0 rg BT 208.99 398.30 Td (represents ) Tj ET Q q 0 0 0 rg BT 251.99 398.30 Td (a ) Tj ET Q q 0 0 0 rg BT 258.88 398.30 Td (right ) Tj ET Q q 0 0 0 rg BT 280.23 398.30 Td (to ) Tj ET Q q 0 0 0 rg BT 290.47 398.30 Td (receive ) Tj ET Q q 0 0 0 rg BT 321.79 398.30 Td (one ) Tj ET Q q 0 0 0 rg BT 338.69 398.30 Td (share ) Tj ET Q q 0 0 0 rg BT 362.25 398.30 Td (of ) Tj ET Q q 0 0 0 rg BT 373.04 398.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 412.73 398.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 437.96 398.30 Td (or ) Tj ET Q q 0 0 0 rg BT 448.75 398.30 Td (an ) Tj ET Q q 0 0 0 rg BT 460.65 398.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 493.11 398.30 Td (equal ) Tj ET Q q 0 0 0 rg BT 517.22 398.30 Td (to ) Tj ET Q q 0 0 0 rg BT 527.46 398.30 Td (the ) Tj ET Q q 0 0 0 rg BT 542.14 398.30 Td (market ) Tj ET Q q 0 0 0 rg BT 572.36 398.30 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 386.30 Td (of ) Tj ET Q q 0 0 0 rg BT 84.27 386.30 Td (the ) Tj ET Q q 0 0 0 rg BT 98.42 386.30 Td (Common ) Tj ET Q q 0 0 0 rg BT 137.59 386.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 162.30 386.30 Td (underlying ) Tj ET Q q 0 0 0 rg BT 207.56 386.30 Td (the ) Tj ET Q q 0 0 0 rg BT 221.72 386.30 Td (vested ) Tj ET Q q 0 0 0 rg BT 249.20 386.30 Td (award ) Tj ET Q q 0 0 0 rg BT 275.57 386.30 Td (on ) Tj ET Q q 0 0 0 rg BT 287.51 386.30 Td (the ) Tj ET Q q 0 0 0 rg BT 301.66 386.30 Td (applicable ) Tj ET Q q 0 0 0 rg BT 344.69 386.30 Td (vesting ) Tj ET Q q 0 0 0 rg BT 375.51 386.30 Td (date. ) Tj ET Q q 0 0 0 rg BT 396.60 386.30 Td (Payment ) Tj ET Q q 0 0 0 rg BT 433.54 386.30 Td (may ) Tj ET Q q 0 0 0 rg BT 452.69 386.30 Td (be ) Tj ET Q q 0 0 0 rg BT 464.07 386.30 Td (made ) Tj ET Q q 0 0 0 rg BT 487.66 386.30 Td (in ) Tj ET Q q 0 0 0 rg BT 497.38 386.30 Td (cash, ) Tj ET Q q 0 0 0 rg BT 519.58 386.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 546.51 386.30 Td (of ) Tj ET Q q 0 0 0 rg BT 556.78 386.30 Td (Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 374.30 Td (Stock ) Tj ET Q q 0 0 0 rg BT 99.40 374.30 Td (or ) Tj ET Q q 0 0 0 rg BT 110.35 374.30 Td (a ) Tj ET Q q 0 0 0 rg BT 117.41 374.30 Td (combination ) Tj ET Q q 0 0 0 rg BT 170.02 374.30 Td (thereof. ) Tj ET Q q 0 0 0 rg BT 203.46 374.30 Td ( ) Tj ET Q q 0 0 0 rg BT 206.08 374.30 Td (See ) Tj ET Q q 0 0 0 rg BT 223.14 374.30 Td (footnote ) Tj ET Q q 0 0 0 rg BT 259.08 374.30 Td (2 ) Tj ET Q q 0 0 0 rg BT 266.71 374.30 Td (of ) Tj ET Q q 0 0 0 rg BT 277.66 374.30 Td (the ) Tj ET Q q 0 0 0 rg BT 292.50 374.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 315.12 374.30 Td (Summary ) Tj ET Q q 0 0 0 rg BT 356.62 374.30 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 416.83 374.30 Td (T) Tj ET Q q 0 0 0 rg BT 422.24 374.30 Td (able ) Tj ET Q q 0 0 0 rg BT 441.52 374.30 Td (for ) Tj ET Q q 0 0 0 rg BT 455.80 374.30 Td (information ) Tj ET Q q 0 0 0 rg BT 505.63 374.30 Td (on ) Tj ET Q q 0 0 0 rg BT 518.25 374.30 Td (the ) Tj ET Q q 0 0 0 rg BT 533.09 374.30 Td (restricted ) Tj ET Q q 0 0 0 rg BT 572.91 374.30 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 362.30 Td (units ) Tj ET Q q 0 0 0 rg BT 95.04 362.30 Td (granted ) Tj ET Q q 0 0 0 rg BT 126.62 362.30 Td (in ) Tj ET Q q 0 0 0 rg BT 135.99 362.30 Td (2016 ) Tj ET Q q 0 0 0 rg BT 157.58 362.30 Td (as ) Tj ET Q q 0 0 0 rg BT 167.50 362.30 Td (part ) Tj ET Q q 0 0 0 rg BT 184.64 362.30 Td (of ) Tj ET Q q 0 0 0 rg BT 194.56 362.30 Td (our ) Tj ET Q q 0 0 0 rg BT 209.48 362.30 Td (long-term ) Tj ET Q q 0 0 0 rg BT 250.51 362.30 Td (incentive ) Tj ET Q q 0 0 0 rg BT 288.75 362.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 345.88 362.30 Td (program ) Tj ET Q q 0 0 0 rg BT 381.35 362.30 Td (in ) Tj ET Q q 0 0 0 rg BT 390.72 362.30 Td (respect ) Tj ET Q q 0 0 0 rg BT 420.63 362.30 Td (of ) Tj ET Q q 0 0 0 rg BT 430.55 362.30 Td (2015 ) Tj ET Q q 0 0 0 rg BT 452.14 362.30 Td (performance ) Tj ET Q q 0 0 0 rg BT 504.26 362.30 Td (to ) Tj ET Q q 0 0 0 rg BT 513.63 362.30 Td (the ) Tj ET Q q 0 0 0 rg BT 527.44 362.30 Td (named ) Tj ET Q q 0 0 0 rg BT 555.68 362.30 Td (executive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 350.30 Td (of) Tj ET Q q 0 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Wyles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 482.42 Td (12,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.55 482.42 Td (\(A\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 482.42 Td (349,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 467.42 Td (10,458) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 467.42 Td (\(C\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 467.42 Td (299,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 452.42 Td (5,488) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.55 452.42 Td (\(D\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 452.42 Td (157,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 437.42 Td (11,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.10 437.42 Td (\(E\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 437.42 Td (326,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 422.42 Td (39,881) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.55 422.42 Td (\(G\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.50 422.42 Td (1,140,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 407.42 Td (66,620) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.50 407.42 Td (\(I\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.50 407.42 Td (1,905,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 392.42 Td (11,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.20 392.42 Td (\(J\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 392.42 Td (341,060) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 377.42 Td (157,974) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.50 377.42 Td (4,519,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 362.42 Td (Christopher T. Grubb) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 362.42 Td (722) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.55 362.42 Td (\(A\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 362.42 Td (20,656) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 348.32 Td (1,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 348.32 Td (\(C\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 348.32 Td (39,825) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 334.32 Td (2,142) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.10 334.32 Td (\(E\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.00 334.32 Td (61,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 320.32 Td (9,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.55 320.32 Td (\(G\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 320.32 Td (259,893) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 306.32 Td (4,027) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.55 306.32 Td (\(H\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 306.32 Td (115,212) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 292.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 292.32 Td (16,830) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.50 292.32 Td (\(I\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 292.32 Td (481,506) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 278.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 278.32 Td (34,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 278.32 Td (978,376) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 263.42 Td (Patricia Moran) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 263.42 Td (8,122) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.55 263.42 Td (\(K\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 263.42 Td (232,370) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 248.42 Td (12,903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.50 248.42 Td (\(I\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 248.42 Td (369,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 233.42 Td (21,025) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 233.42 Td (601,525) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 218.42 Td (Harold J. Rodriguez, Jr.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 218.42 Td (11,904) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.80 218.42 Td (\(B\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 218.42 Td (340,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 204.32 Td (20,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.55 204.32 Td (\(D\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 204.32 Td (598,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 190.32 Td (16,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.35 190.32 Td (\(F\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 190.32 Td (485,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 176.32 Td (20,113) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.55 176.32 Td (\(H\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 176.32 Td (575,433) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 162.32 Td (29,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.20 162.32 Td (\(J\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.00 162.32 Td (841,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.50 148.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 148.32 Td (99,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.50 148.32 Td (2,842,289) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 120.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 74.00 120.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.66 120.25 Td (units ) Tj ET Q q 0 0 0 rg BT 113.23 120.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 146.98 120.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.87 120.25 Td (in ) Tj ET Q q 0 0 0 rg BT 166.77 120.25 Td (this ) Tj ET Q q 0 0 0 rg BT 183.33 120.25 Td (column ) Tj ET Q q 0 0 0 rg BT 215.44 120.25 Td (are ) Tj ET Q q 0 0 0 rg BT 229.76 120.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 269.08 120.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 292.31 120.25 Td (units ) Tj ET Q q 0 0 0 rg BT 313.87 120.25 Td (granted ) Tj ET Q q 0 0 0 rg BT 345.97 120.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 382.52 120.25 Td (to ) Tj ET Q q 0 0 0 rg BT 392.42 120.25 Td (our ) Tj ET Q q 0 0 0 rg BT 407.86 120.25 Td (Equity ) Tj ET Q q 0 0 0 rg BT 436.65 120.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 475.96 120.25 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 498.36 120.25 Td (No ) Tj ET Q q 0 0 0 rg BT 512.69 120.25 Td (other ) Tj ET Q q 0 0 0 rg BT 535.36 120.25 Td (types ) Tj ET Q q 0 0 0 rg BT 558.58 120.25 Td (of ) Tj ET Q q 0 0 0 rg BT 569.03 120.25 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 108.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 104.93 108.25 Td (are ) Tj ET Q q 0 0 0 rg BT 119.75 108.25 Td (outstanding. ) Tj ET Q q 0 0 0 rg BT 170.95 108.25 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 210.23 108.25 Td (are ) Tj ET Q q 0 0 0 rg BT 225.05 108.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 253.77 108.25 Td (as ) Tj ET Q q 0 0 0 rg BT 264.72 108.25 Td (of ) Tj ET Q q 0 0 0 rg BT 275.66 108.25 Td (December ) Tj ET Q q 0 0 0 rg BT 319.35 108.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 334.46 108.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 359.57 108.25 Td ( ) Tj ET Q q 0 0 0 rg BT 362.00 108.25 Td (Those ) Tj ET Q q 0 0 0 rg BT 389.05 108.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 419.98 108.25 Td (marked ) Tj ET Q q 0 0 0 rg BT 452.58 108.25 Td (\(A\)are ) Tj ET Q q 0 0 0 rg BT 483.78 108.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 514.71 108.25 Td (to ) Tj ET Q q 0 0 0 rg BT 525.10 108.25 Td (five ) Tj ET Q q 0 0 0 rg BT 543.26 108.25 Td (year ) Tj ET Q q 0 0 0 rg BT 563.08 108.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 579.02 108.25 Td (rata ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 96.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 105.01 96.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.57 96.25 Td (became ) Tj ET Q q 0 0 0 rg BT 154.22 96.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 175.23 96.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 202.89 96.25 Td (on ) Tj ET Q q 0 0 0 rg BT 215.01 96.25 Td (January1, ) Tj ET Q q 0 0 0 rg BT 258.23 96.25 Td (2016; ) Tj ET Q q 0 0 0 rg BT 283.13 96.25 Td (those ) Tj ET Q q 0 0 0 rg BT 306.36 96.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 336.80 96.25 Td (marked ) Tj ET Q q 0 0 0 rg BT 368.91 96.25 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 384.36 96.25 Td (are ) Tj ET Q q 0 0 0 rg BT 398.69 96.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 429.13 96.25 Td (to ) Tj ET Q q 0 0 0 rg BT 439.03 96.25 Td (five ) Tj ET Q q 0 0 0 rg BT 456.70 96.25 Td (year ) Tj ET Q q 0 0 0 rg BT 476.03 96.25 Td (clif) Tj ET Q q 0 0 0 rg BT 489.17 96.25 Td (f ) Tj ET Q q 0 0 0 rg BT 494.62 96.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 525.63 96.25 Td (andvested ) Tj ET Q q 0 0 0 rg BT 570.24 96.25 Td (in ) Tj ET Q q 0 0 0 rg BT 580.13 96.25 Td (full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 84.25 Td (on ) Tj ET Q q 0 0 0 rg BT 87.05 84.25 Td (January1, ) Tj ET Q q 0 0 0 rg BT 131.20 84.25 Td (2016; ) Tj ET Q q 0 0 0 rg BT 157.03 84.25 Td (those ) Tj ET Q q 0 0 0 rg BT 181.19 84.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 212.56 84.25 Td (marked ) Tj ET Q q 0 0 0 rg BT 245.60 84.25 Td (\(C\)are ) Tj ET Q q 0 0 0 rg BT 276.68 84.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 308.06 84.25 Td (to ) Tj ET Q q 0 0 0 rg BT 318.89 84.25 Td (five ) Tj ET Q q 0 0 0 rg BT 337.49 84.25 Td (year ) Tj ET Q q 0 0 0 rg BT 357.74 84.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 374.13 84.25 Td (rata ) Tj ET Q q 0 0 0 rg BT 392.16 84.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 424.10 84.25 Td (and ) Tj ET Q q 0 0 0 rg BT 441.59 84.25 Td (were ) Tj ET Q q 0 0 0 rg BT 464.07 84.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 492.67 84.25 Td (as ) Tj ET Q q 0 0 0 rg BT 504.05 84.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.88 84.25 Td (60% ) Tj ET Q q 0 0 0 rg BT 536.26 84.25 Td (of ) Tj ET Q q 0 0 0 rg BT 547.64 84.25 Td (the ) Tj ET Q q 0 0 0 rg BT 562.90 84.25 Td (original ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 72.25 Td (award ) Tj ET Q q 0 0 0 rg BT 101.19 72.25 Td (as ) Tj ET Q q 0 0 0 rg BT 112.28 72.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.37 72.25 Td (December ) Tj ET Q q 0 0 0 rg BT 167.21 72.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 182.47 72.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 205.23 72.25 Td (with ) Tj ET Q q 0 0 0 rg BT 225.77 72.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.75 72.25 Td (remainder ) Tj ET Q q 0 0 0 rg BT 284.04 72.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 315.69 72.25 Td (ratably ) Tj ET Q q 0 0 0 rg BT 346.21 72.25 Td (on ) Tj ET Q q 0 0 0 rg BT 358.97 72.25 Td (January1 ) Tj ET Q q 0 0 0 rg BT 400.33 72.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.42 72.25 Td (each ) Tj ET Q q 0 0 0 rg BT 432.50 72.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.59 72.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 466.35 72.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.55 72.25 Td (2017; ) Tj ET Q q 0 0 0 rg BT 509.09 72.25 Td (those ) Tj ET Q q 0 0 0 rg BT 532.96 72.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 564.04 72.25 Td (marked ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 60.25 Td (\(D\) ) Tj ET Q q 0 0 0 rg BT 90.59 60.25 Td (are ) Tj ET Q q 0 0 0 rg BT 105.51 60.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 136.54 60.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.03 60.25 Td (five ) Tj ET Q q 0 0 0 rg BT 165.28 60.25 Td (year ) Tj ET Q q 0 0 0 rg BT 185.20 60.25 Td (clif) Tj ET Q q 0 0 0 rg BT 198.34 60.25 Td (f ) Tj ET Q q 0 0 0 rg BT 204.38 60.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 235.98 60.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.13 60.25 Td (will ) Tj ET Q q 0 0 0 rg BT 271.39 60.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 290.21 60.25 Td (in ) Tj ET Q q 0 0 0 rg BT 300.70 60.25 Td (full ) Tj ET Q q 0 0 0 rg BT 317.29 60.25 Td (on ) Tj ET Q q 0 0 0 rg BT 330.00 60.25 Td (January1, ) Tj ET Q q 0 0 0 rg BT 373.81 60.25 Td (2017; ) Tj ET Q q 0 0 0 rg BT 399.30 60.25 Td (those ) Tj ET Q q 0 0 0 rg BT 423.11 60.25 Td (awards ) Tj ET Q q 0 0 0 rg BT 454.14 60.25 Td (marked ) Tj ET Q q 0 0 0 rg BT 486.84 60.25 Td (\(E\)are ) Tj ET Q q 0 0 0 rg BT 517.02 60.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 548.06 60.25 Td (to ) Tj ET Q q 0 0 0 rg BT 558.54 60.25 Td (five ) Tj ET Q q 0 0 0 rg BT 576.80 60.25 Td (year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 48.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 90.06 48.25 Td (rata ) Tj ET Q q 0 0 0 rg BT 107.77 48.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 139.38 48.25 Td (and ) Tj ET Q q 0 0 0 rg BT 156.55 48.25 Td (were ) Tj ET Q q 0 0 0 rg BT 178.70 48.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 206.98 48.25 Td (as ) Tj ET Q q 0 0 0 rg BT 218.04 48.25 Td (to ) Tj ET Q q 0 0 0 rg BT 228.54 48.25 Td (40% ) Tj ET Q q 0 0 0 rg BT 249.60 48.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.66 48.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.60 48.25 Td (original ) Tj ET Q q 0 0 0 rg BT 309.43 48.25 Td (award ) Tj ET Q q 0 0 0 rg BT 336.59 48.25 Td (as ) Tj ET Q q 0 0 0 rg BT 347.64 48.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.70 48.25 Td (December ) Tj ET Q q 0 0 0 rg BT 402.51 48.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 417.74 48.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 440.46 48.25 Td (with ) Tj ET Q q 0 0 0 rg BT 460.97 48.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.91 48.25 Td (remainder ) Tj ET Q q 0 0 0 rg BT 519.17 48.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 550.79 48.25 Td ( ) Tj ET Q q 0 0 0 rg BT 553.51 48.25 Td (ratably ) Tj ET Q q 0 0 0 rg BT 584.00 48.25 Td (on ) Tj ET Q endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (January ) Tj ET Q q 0 0 0 rg BT 108.05 742.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 116.01 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.29 742.10 Td (each ) Tj ET Q q 0 0 0 rg BT 148.56 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.84 742.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 185.30 742.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 208.25 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.65 742.10 Td (2018; ) Tj ET Q q 0 0 0 rg BT 251.38 742.10 Td (those ) Tj ET Q q 0 0 0 rg BT 275.44 742.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 306.71 742.10 Td (marked ) Tj ET Q q 0 0 0 rg BT 339.65 742.10 Td (\(F\)are ) Tj ET Q q 0 0 0 rg BT 369.54 742.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 400.82 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.55 742.10 Td (five ) Tj ET Q q 0 0 0 rg BT 430.05 742.10 Td (year ) Tj ET Q q 0 0 0 rg BT 450.21 742.10 Td (clif) Tj ET Q q 0 0 0 rg BT 463.36 742.10 Td (f ) Tj ET Q q 0 0 0 rg BT 469.64 742.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 501.48 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.87 742.10 Td (will ) Tj ET Q q 0 0 0 rg BT 537.38 742.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 556.45 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 567.18 742.10 Td (full ) Tj ET Q q 0 0 0 rg BT 584.02 742.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 730.10 Td (January1, ) Tj ET Q q 0 0 0 rg BT 117.47 730.10 Td (2018; ) Tj ET Q q 0 0 0 rg BT 142.62 730.10 Td (those ) Tj ET Q q 0 0 0 rg BT 166.09 730.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 196.78 730.10 Td (marked ) Tj ET Q q 0 0 0 rg BT 229.14 730.10 Td (\(G\)are ) Tj ET Q q 0 0 0 rg BT 260.10 730.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 290.79 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.94 730.10 Td (five ) Tj ET Q q 0 0 0 rg BT 318.86 730.10 Td (year ) Tj ET Q q 0 0 0 rg BT 338.43 730.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 354.13 730.10 Td (rata ) Tj ET Q q 0 0 0 rg BT 371.49 730.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 402.74 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.55 730.10 Td (were ) Tj ET Q q 0 0 0 rg BT 441.35 730.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 469.27 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 479.97 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 490.12 730.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 510.81 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.51 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.10 730.10 Td (original ) Tj ET Q q 0 0 0 rg BT 569.57 730.10 Td (award ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 85.51 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.01 718.10 Td (December ) Tj ET Q q 0 0 0 rg BT 141.27 718.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 156.95 718.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 180.13 718.10 Td (with ) Tj ET Q q 0 0 0 rg BT 201.08 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.47 718.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 260.18 718.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 292.24 718.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 323.18 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 336.36 718.10 Td (January ) Tj ET Q q 0 0 0 rg BT 370.64 718.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 378.81 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.32 718.10 Td (each ) Tj ET Q q 0 0 0 rg BT 411.81 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.32 718.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 448.99 718.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 474.67 718.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 497.85 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.46 718.10 Td (2019; ) Tj ET Q q 0 0 0 rg BT 541.41 718.10 Td (those ) Tj ET Q q 0 0 0 rg BT 565.70 718.10 Td (awards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 706.10 Td (marked ) Tj ET Q q 0 0 0 rg BT 106.25 706.10 Td (\(H\)are ) Tj ET Q q 0 0 0 rg BT 137.10 706.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 167.69 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.74 706.10 Td (five ) Tj ET Q q 0 0 0 rg BT 195.55 706.10 Td (year ) Tj ET Q q 0 0 0 rg BT 215.02 706.10 Td (clif) Tj ET Q q 0 0 0 rg BT 228.16 706.10 Td (f ) Tj ET Q q 0 0 0 rg BT 233.76 706.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 264.91 706.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.61 706.10 Td (will ) Tj ET Q q 0 0 0 rg BT 299.43 706.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 317.81 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.85 706.10 Td (full ) Tj ET Q q 0 0 0 rg BT 344.00 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 356.27 706.10 Td (January1, ) Tj ET Q q 0 0 0 rg BT 399.63 706.10 Td (2019; ) Tj ET Q q 0 0 0 rg BT 424.67 706.10 Td (those ) Tj ET Q q 0 0 0 rg BT 448.05 706.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 478.63 706.10 Td (marked ) Tj ET Q q 0 0 0 rg BT 510.88 706.10 Td (\(I\)are ) Tj ET Q q 0 0 0 rg BT 537.84 706.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 568.43 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 578.48 706.10 Td (five ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 694.10 Td (year ) Tj ET Q q 0 0 0 rg BT 93.87 694.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 109.86 694.10 Td (rata ) Tj ET Q q 0 0 0 rg BT 127.51 694.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 159.06 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.17 694.10 Td (will ) Tj ET Q q 0 0 0 rg BT 194.39 694.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 213.16 694.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 243.58 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 256.25 694.10 Td (January ) Tj ET Q q 0 0 0 rg BT 290.01 694.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 297.67 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.67 694.10 Td (each ) Tj ET Q q 0 0 0 rg BT 329.65 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.64 694.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 365.80 694.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 390.97 694.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 416.13 694.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 438.79 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.90 694.10 Td (2020; ) Tj ET Q q 0 0 0 rg BT 481.34 694.10 Td (those ) Tj ET Q q 0 0 0 rg BT 505.11 694.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 536.09 694.10 Td (marked ) Tj ET Q q 0 0 0 rg BT 568.74 694.10 Td (\(J\)are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 682.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 104.86 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 115.18 682.10 Td (five ) Tj ET Q q 0 0 0 rg BT 133.27 682.10 Td (year ) Tj ET Q q 0 0 0 rg BT 153.01 682.10 Td (clif) Tj ET Q q 0 0 0 rg BT 166.16 682.10 Td (f ) Tj ET Q q 0 0 0 rg BT 172.03 682.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 203.45 682.10 Td (that ) Tj ET Q q 0 0 0 rg BT 220.99 682.10 Td (will ) Tj ET Q q 0 0 0 rg BT 239.08 682.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 257.73 682.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.05 682.10 Td (full ) Tj ET Q q 0 0 0 rg BT 284.47 682.10 Td (on ) Tj ET Q q 0 0 0 rg BT 297.01 682.10 Td (January1, ) Tj ET Q q 0 0 0 rg BT 340.65 682.10 Td (2020; ) Tj ET Q q 0 0 0 rg BT 365.97 682.10 Td (those ) Tj ET Q q 0 0 0 rg BT 389.62 682.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 420.47 682.10 Td (marked ) Tj ET Q q 0 0 0 rg BT 453.00 682.10 Td (\(K\)are ) Tj ET Q q 0 0 0 rg BT 484.13 682.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 514.99 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.31 682.10 Td (five ) Tj ET Q q 0 0 0 rg BT 543.39 682.10 Td (year ) Tj ET Q q 0 0 0 rg BT 563.14 682.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 579.01 682.10 Td (rata ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 670.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 105.27 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.08 670.10 Td (were ) Tj ET Q q 0 0 0 rg BT 143.89 670.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 171.82 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 182.53 670.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.69 670.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 213.40 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.10 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.70 670.10 Td (original ) Tj ET Q q 0 0 0 rg BT 272.18 670.10 Td (award ) Tj ET Q q 0 0 0 rg BT 298.99 670.10 Td (as ) Tj ET Q q 0 0 0 rg BT 309.70 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.41 670.10 Td (December ) Tj ET Q q 0 0 0 rg BT 363.87 670.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 378.75 670.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 401.13 670.10 Td (with ) Tj ET Q q 0 0 0 rg BT 421.29 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.89 670.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 478.80 670.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 510.06 670.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 540.21 670.10 Td (on ) Tj ET Q q 0 0 0 rg BT 552.59 670.10 Td (June ) Tj ET Q q 0 0 0 rg BT 573.30 670.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 585.68 670.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 658.10 Td (each ) Tj ET Q q 0 0 0 rg BT 94.94 658.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.90 658.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 131.03 658.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 156.16 658.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 178.79 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.86 658.10 Td (2019; ) Tj ET Q q 0 0 0 rg BT 221.27 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.34 658.10 Td (those ) Tj ET Q q 0 0 0 rg BT 262.07 658.10 Td (marked ) Tj ET Q q 0 0 0 rg BT 294.69 658.10 Td (\(L\) ) Tj ET Q q 0 0 0 rg BT 310.09 658.10 Td (are ) Tj ET Q q 0 0 0 rg BT 324.92 658.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 355.88 658.10 Td (to ) Tj ET Q q 0 0 0 rg BT 366.29 658.10 Td (three ) Tj ET Q q 0 0 0 rg BT 388.90 658.10 Td (year ) Tj ET Q q 0 0 0 rg BT 408.74 658.10 Td (clif) Tj ET Q q 0 0 0 rg BT 421.88 658.10 Td (f ) Tj ET Q q 0 0 0 rg BT 427.84 658.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 459.36 658.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.42 658.10 Td (will ) Tj ET Q q 0 0 0 rg BT 494.61 658.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 513.35 658.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.76 658.10 Td (full ) Tj ET Q q 0 0 0 rg BT 540.27 658.10 Td (on ) Tj ET Q q 0 0 0 rg BT 552.90 658.10 Td (January1, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 646.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 98.44 646.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.25 646.10 Td (The ) Tj ET Q q 0 0 0 rg BT 117.74 646.10 Td (units ) Tj ET Q q 0 0 0 rg BT 139.13 646.10 Td (comprising ) Tj ET Q q 0 0 0 rg BT 186.07 646.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.24 646.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 230.50 646.10 Td (are ) Tj ET Q q 0 0 0 rg BT 244.65 646.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 274.92 646.10 Td (to ) Tj ET Q q 0 0 0 rg BT 284.65 646.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 321.02 646.10 Td (within ) Tj ET Q q 0 0 0 rg BT 348.53 646.10 Td (75 ) Tj ET Q q 0 0 0 rg BT 360.47 646.10 Td (days ) Tj ET Q q 0 0 0 rg BT 380.75 646.10 Td (following ) Tj ET Q q 0 0 0 rg BT 421.58 646.10 Td (each ) Tj ET Q q 0 0 0 rg BT 441.84 646.10 Td (such ) Tj ET Q q 0 0 0 rg BT 462.11 646.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 492.94 646.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 514.04 646.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 535.97 646.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 553.48 646.10 Td (represents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 634.10 Td (a ) Tj ET Q q 0 0 0 rg BT 80.86 634.10 Td (right ) Tj ET Q q 0 0 0 rg BT 102.17 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.37 634.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 143.65 634.10 Td (one ) Tj ET Q q 0 0 0 rg BT 160.51 634.10 Td (share ) Tj ET Q q 0 0 0 rg BT 184.03 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.79 634.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 234.43 634.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 259.63 634.10 Td (or ) Tj ET Q q 0 0 0 rg BT 270.39 634.10 Td (an ) Tj ET Q q 0 0 0 rg BT 282.25 634.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 314.66 634.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 338.74 634.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.94 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.58 634.10 Td (market ) Tj ET Q q 0 0 0 rg BT 393.77 634.10 Td (value ) Tj ET Q q 0 0 0 rg BT 417.84 634.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.59 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.23 634.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 482.88 634.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 508.08 634.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 553.83 634.10 Td (the ) Tj ET Q q 0 0 0 rg BT 568.47 634.10 Td (vested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 622.10 Td (award ) Tj ET Q q 0 0 0 rg BT 100.93 622.10 Td (on ) Tj ET Q q 0 0 0 rg BT 113.43 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.15 622.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 171.73 622.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 203.12 622.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 224.78 622.10 Td (Payment ) Tj ET Q q 0 0 0 rg BT 262.27 622.10 Td (may ) Tj ET Q q 0 0 0 rg BT 281.99 622.10 Td (be ) Tj ET Q q 0 0 0 rg BT 293.93 622.10 Td (made ) Tj ET Q q 0 0 0 rg BT 318.08 622.10 Td (in ) Tj ET Q q 0 0 0 rg BT 328.36 622.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 351.13 622.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 378.62 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.45 622.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 429.18 622.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 454.45 622.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.28 622.10 Td (a ) Tj ET Q q 0 0 0 rg BT 472.22 622.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 524.71 622.10 Td (thereof.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 598.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 74.00 598.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.54 598.10 Td (market ) Tj ET Q q 0 0 0 rg BT 121.29 598.10 Td (value ) Tj ET Q q 0 0 0 rg BT 144.94 598.10 Td (has ) Tj ET Q q 0 0 0 rg BT 160.26 598.10 Td (been ) Tj ET Q q 0 0 0 rg BT 181.13 598.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 223.65 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 235.65 598.10 Td (multiplying ) Tj ET Q q 0 0 0 rg BT 284.31 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.52 598.10 Td (number ) Tj ET Q q 0 0 0 rg BT 331.06 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.38 598.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 368.36 598.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 413.68 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.89 598.10 Td (award ) Tj ET Q q 0 0 0 rg BT 454.31 598.10 Td (by ) Tj ET Q q 0 0 0 rg BT 466.30 598.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.51 598.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 511.39 598.10 Td (price ) Tj ET Q q 0 0 0 rg BT 533.36 598.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.69 598.10 Td (our ) Tj ET Q q 0 0 0 rg BT 559.01 598.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 586.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 98.14 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 111.18 586.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 170.29 586.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 195.83 586.10 Td ($28.61. ) Tj ET Q q 0 0 0 rg BT 228.86 586.10 Td (For ) Tj ET Q q 0 0 0 rg BT 245.79 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.04 586.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 299.62 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.99 586.10 Td (this ) Tj ET Q q 0 0 0 rg BT 328.47 586.10 Td (calculation, ) Tj ET Q q 0 0 0 rg BT 377.87 586.10 Td (we ) Tj ET Q q 0 0 0 rg BT 392.56 586.10 Td (have ) Tj ET Q q 0 0 0 rg BT 414.47 586.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 451.95 586.10 Td (that ) Tj ET Q q 0 0 0 rg BT 469.97 586.10 Td (all ) Tj ET Q q 0 0 0 rg BT 483.00 586.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 527.70 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.51 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 553.76 586.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 585.68 586.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 574.10 Td (these ) Tj ET Q q 0 0 0 rg BT 97.05 574.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 127.87 574.10 Td (will ) Tj ET Q q 0 0 0 rg BT 145.92 574.10 Td (be ) Tj ET Q q 0 0 0 rg BT 157.86 574.10 Td (fulfilled. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 237.65 544.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 263.86 544.10 Td (V) Tj ET Q q 0 0 0 rg BT 270.16 544.10 Td (ested as of Fiscal ) Tj ET Q q 0 0 0 rg BT 343.67 544.10 Td (Y) Tj ET Q q 0 0 0 rg BT 349.78 544.10 Td (ear) Tj ET Q q 0 0 0 rg BT 363.48 544.10 Td ( End 2015 ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 487.60 308.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 487.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 487.60 97.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 487.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 487.60 97.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 459.60 308.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 459.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 459.60 97.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 459.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 459.60 97.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 66.50 431.60 308.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 431.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 431.60 97.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 475.50 431.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 479.50 431.60 97.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 66.5 487.6 m 374.5 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 378.5 487.6 m 475.5 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 487.6 m 576.5 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 479.5 487.6 m 576.5 487.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.00 492.28 Td (Name) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.75 502.28 Td (Number of Shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.20 492.28 Td (Acquired on Vesting) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 482.95 502.28 Td (Value Realized Upon) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 504.75 492.28 Td (Vesting \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 478.17 Td (Scott L. Bok) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 478.17 Td (73,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.00 478.17 Td ($2,544,155) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 464.17 Td (Kevin M. Costantino) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 464.17 Td (5,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 464.17 Td (189,166) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 450.17 Td (David A. Wyles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 450.17 Td (22,479) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 450.17 Td (773,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 436.17 Td (Christopher T. Grubb) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 436.17 Td (4,760) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 436.17 Td (163,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 422.17 Td (Patricia Moran) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 422.17 Td (2,030) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 422.17 Td (79,292) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.00 408.17 Td (Harold J. Rodriguez, Jr.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 408.17 Td (1,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.15 408.17 Td (68,731) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 380.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 74.00 380.10 Td (V) Tj ET Q q 0 0 0 rg BT 80.11 380.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 98.94 380.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 132.76 380.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 154.93 380.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 186.00 380.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 228.70 380.10 Td (by ) Tj ET Q q 0 0 0 rg BT 240.87 380.10 Td (multiplying ) Tj ET Q q 0 0 0 rg BT 289.72 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.11 380.10 Td (number ) Tj ET Q q 0 0 0 rg BT 336.83 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.34 380.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 374.50 380.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 411.10 380.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 433.28 380.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 464.34 380.10 Td (at ) Tj ET Q q 0 0 0 rg BT 473.73 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.13 380.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 519.19 380.10 Td (market ) Tj ET Q q 0 0 0 rg BT 549.13 380.10 Td (price ) Tj ET Q q 0 0 0 rg BT 571.29 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 581.79 380.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 368.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 101.49 368.10 Td (on ) Tj ET Q q 0 0 0 rg BT 113.99 368.10 Td (each ) Tj ET Q q 0 0 0 rg BT 134.81 368.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 166.19 368.10 Td (date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 344.10 Td (Potential Payments upon ) Tj ET Q q 0 0 0 rg BT 158.99 344.10 Td (T) Tj ET Q q 0 0 0 rg BT 164.74 344.10 Td (ermination or) Tj ET Q q 0 0 0 rg BT 223.72 344.10 Td ( a Change of Contr) Tj ET Q q 0 0 0 rg BT 305.20 344.10 Td (ol ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 323.10 Td (None ) Tj ET Q q 0 0 0 rg BT 87.17 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.52 323.10 Td (our ) Tj ET Q q 0 0 0 rg BT 112.86 323.10 Td (named ) Tj ET Q q 0 0 0 rg BT 141.53 323.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 181.86 323.10 Td (of) Tj ET Q q 0 0 0 rg BT 190.01 323.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 214.23 323.10 Td (or ) Tj ET Q q 0 0 0 rg BT 224.57 323.10 Td (other ) Tj ET Q q 0 0 0 rg BT 247.13 323.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 291.91 323.10 Td (have ) Tj ET Q q 0 0 0 rg BT 312.80 323.10 Td (any ) Tj ET Q q 0 0 0 rg BT 329.25 323.10 Td (severance ) Tj ET Q q 0 0 0 rg BT 370.68 323.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 418.23 323.10 Td (or ) Tj ET Q q 0 0 0 rg BT 428.57 323.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 484.45 323.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 527.57 323.10 Td (pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 311.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.31 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.07 311.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 124.59 311.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 171.66 311.10 Td (described ) Tj ET Q q 0 0 0 rg BT 211.51 311.10 Td (below\). ) Tj ET Q q 0 0 0 rg BT 243.32 311.10 Td (However) Tj ET Q q 0 0 0 rg BT 279.57 311.10 Td (, ) Tj ET Q q 0 0 0 rg BT 283.60 311.10 Td (our ) Tj ET Q q 0 0 0 rg BT 298.47 311.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 326.67 311.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 365.41 311.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 384.72 311.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 420.69 311.10 Td (that ) Tj ET Q q 0 0 0 rg BT 437.22 311.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 458.76 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.51 311.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 483.49 311.10 Td (death, ) Tj ET Q q 0 0 0 rg BT 509.18 311.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 522.93 311.10 Td (disability) Tj ET Q q 0 0 0 rg BT 559.50 311.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 299.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 68.11 299.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 112.32 299.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.77 299.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 141.33 299.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 190.55 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.00 299.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 255.11 299.10 Td (without ) Tj ET Q q 0 0 0 rg BT 288.78 299.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 314.11 299.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 328.89 299.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 376.99 299.10 Td (by ) Tj ET Q q 0 0 0 rg BT 390.11 299.10 Td (our ) Tj ET Q q 0 0 0 rg BT 406.55 299.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 467.45 299.10 Td (Committee\) ) Tj ET Q q 0 0 0 rg BT 518.33 299.10 Td (within ) Tj ET Q q 0 0 0 rg BT 547.01 299.10 Td (two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 287.10 Td (years ) Tj ET Q q 0 0 0 rg BT 73.09 287.10 Td (following ) Tj ET Q q 0 0 0 rg BT 113.98 287.10 Td (a ) Tj ET Q q 0 0 0 rg BT 120.41 287.10 Td (change ) Tj ET Q q 0 0 0 rg BT 150.72 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.05 287.10 Td (control ) Tj ET Q q 0 0 0 rg BT 191.37 287.10 Td (or ) Tj ET Q q 0 0 0 rg BT 201.70 287.10 Td (six ) Tj ET Q q 0 0 0 rg BT 215.36 287.10 Td (months ) Tj ET Q q 0 0 0 rg BT 246.81 287.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 268.24 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.02 287.10 Td (a ) Tj ET Q q 0 0 0 rg BT 284.45 287.10 Td (change ) Tj ET Q q 0 0 0 rg BT 314.76 287.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.09 287.10 Td (control ) Tj ET Q q 0 0 0 rg BT 355.41 287.10 Td (if ) Tj ET Q q 0 0 0 rg BT 363.51 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.73 287.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 437.50 287.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 483.93 287.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 529.24 287.10 Td (believes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 275.10 Td (such ) Tj ET Q q 0 0 0 rg BT 71.09 275.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 119.96 275.10 Td (was ) Tj ET Q q 0 0 0 rg BT 138.27 275.10 Td (at ) Tj ET Q q 0 0 0 rg BT 148.25 275.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.23 275.10 Td (behest ) Tj ET Q q 0 0 0 rg BT 191.54 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.64 275.10 Td (an ) Tj ET Q q 0 0 0 rg BT 214.84 275.10 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 255.37 275.10 Td (entity) Tj ET Q q 0 0 0 rg BT 277.49 275.10 Td (, ) Tj ET Q q 0 0 0 rg BT 282.75 275.10 Td (any ) Tj ET Q q 0 0 0 rg BT 299.96 275.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 339.92 275.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 363.79 275.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 382.11 275.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 427.09 275.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 459.84 275.10 Td (will ) Tj ET Q q 0 0 0 rg BT 478.16 275.10 Td (immediately ) Tj ET Q q 0 0 0 rg BT 530.91 275.10 Td (become ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 263.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 71.22 263.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 99.10 263.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 129.20 263.10 Td (we ) Tj ET Q q 0 0 0 rg BT 143.19 263.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 164.39 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.50 263.10 Td (as ) Tj ET Q q 0 0 0 rg BT 185.16 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.71 263.10 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 250.33 263.10 Td (provision\). ) Tj ET Q q 0 0 0 rg BT 296.11 263.10 Td (The ) Tj ET Q q 0 0 0 rg BT 313.98 263.10 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 364.61 263.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 404.72 263.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 435.38 263.10 Td (to ) Tj ET Q q 0 0 0 rg BT 445.49 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.04 263.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 499.57 263.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 523.01 263.10 Td (units ) Tj ET Q q 0 0 0 rg BT 544.79 263.10 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (by ) Tj ET Q q 0 0 0 rg BT 62.14 251.10 Td (all ) Tj ET Q q 0 0 0 rg BT 74.27 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.73 251.10 Td (our ) Tj ET Q q 0 0 0 rg BT 100.20 251.10 Td (employees. ) Tj ET Q q 0 0 0 rg BT 147.60 251.10 Td (Had ) Tj ET Q q 0 0 0 rg BT 166.40 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.75 251.10 Td (acceleration ) Tj ET Q q 0 0 0 rg BT 231.18 251.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 271.10 251.10 Td (been ) Tj ET Q q 0 0 0 rg BT 292.11 251.10 Td (triggered ) Tj ET Q q 0 0 0 rg BT 330.34 251.10 Td (on ) Tj ET Q q 0 0 0 rg BT 342.48 251.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 400.70 251.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 425.33 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.69 251.10 Td (value ) Tj ET Q q 0 0 0 rg BT 463.48 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.94 251.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 501.07 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.54 251.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.00 251.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 239.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.52 239.10 Td (to ) Tj ET Q q 0 0 0 rg BT 83.72 239.10 Td (be ) Tj ET Q q 0 0 0 rg BT 95.57 239.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 135.19 239.10 Td (on ) Tj ET Q q 0 0 0 rg BT 147.60 239.10 Td (that ) Tj ET Q q 0 0 0 rg BT 165.01 239.10 Td (date ) Tj ET Q q 0 0 0 rg BT 184.08 239.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.27 239.10 Td (our ) Tj ET Q q 0 0 0 rg BT 210.02 239.10 Td (named ) Tj ET Q q 0 0 0 rg BT 239.09 239.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 279.81 239.10 Td (of) Tj ET Q q 0 0 0 rg BT 287.96 239.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 312.58 239.10 Td (would ) Tj ET Q q 0 0 0 rg BT 340.00 239.10 Td (have ) Tj ET Q q 0 0 0 rg BT 361.29 239.10 Td (been ) Tj ET Q q 0 0 0 rg BT 382.58 239.10 Td (as ) Tj ET Q q 0 0 0 rg BT 393.33 239.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 425.74 239.10 Td (\(calculated ) Tj ET Q q 0 0 0 rg BT 472.01 239.10 Td (using ) Tj ET Q q 0 0 0 rg BT 496.10 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.73 239.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 542.03 239.10 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.93 227.10 Td (our ) Tj ET Q q 0 0 0 rg BT 74.85 227.10 Td (common ) Tj ET Q q 0 0 0 rg BT 111.45 227.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 134.15 227.10 Td (on ) Tj ET Q q 0 0 0 rg BT 145.75 227.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 203.43 227.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 225.02 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.95 227.10 Td ($28.61\): ) Tj ET Q q 0 0 0 rg BT 270.16 227.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 281.83 227.10 Td (.Bok, ) Tj ET Q q 0 0 0 rg BT 307.59 227.10 Td ($7,905,229; ) Tj ET Q q 0 0 0 rg BT 356.97 227.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 368.64 227.10 Td (. ) Tj ET Q q 0 0 0 rg BT 372.73 227.10 Td (Costantino, ) Tj ET Q q 0 0 0 rg BT 420.17 227.10 Td ($1,090,183; ) Tj ET Q q 0 0 0 rg BT 469.54 227.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 481.21 227.10 Td (. ) Tj ET Q q 0 0 0 rg BT 485.19 227.10 Td (W) Tj ET Q q 0 0 0 rg BT 494.03 227.10 Td (yles, ) Tj ET Q q 0 0 0 rg BT 514.24 227.10 Td ($4,519,636; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 215.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 61.67 215.10 Td (.Grubb, ) Tj ET Q q 0 0 0 rg BT 97.22 215.10 Td ($978,376; ) Tj ET Q q 0 0 0 rg BT 140.00 215.10 Td (Ms.Moran, ) Tj ET Q q 0 0 0 rg BT 189.44 215.10 Td ($601,525; ) Tj ET Q q 0 0 0 rg BT 232.22 215.10 Td (and ) Tj ET Q q 0 0 0 rg BT 249.16 215.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 260.83 215.10 Td (.Rodriguez, ) Tj ET Q q 0 0 0 rg BT 312.49 215.10 Td ($2,842,289.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 191.10 Td (Employment ) Tj ET Q q 0 0 0 rg BT 106.95 191.10 Td (Agr) Tj ET Q q 0 0 0 rg BT 123.43 191.10 Td (eements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 170.10 Td (The ) Tj ET Q q 0 0 0 rg BT 81.39 170.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 133.72 170.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 181.59 170.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.26 170.10 Td (Messrs. ) Tj ET Q q 0 0 0 rg BT 225.44 170.10 Td (Bok ) Tj ET Q q 0 0 0 rg BT 244.45 170.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.23 170.10 Td (Rodriguez ) Tj ET Q q 0 0 0 rg BT 305.22 170.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 338.11 170.10 Td (that ) Tj ET Q q 0 0 0 rg BT 355.44 170.10 Td (they ) Tj ET Q q 0 0 0 rg BT 375.00 170.10 Td (will ) Tj ET Q q 0 0 0 rg BT 392.90 170.10 Td (be ) Tj ET Q q 0 0 0 rg BT 404.68 170.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 424.23 170.10 Td (an ) Tj ET Q q 0 0 0 rg BT 436.01 170.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 465.01 170.10 Td (base ) Tj ET Q q 0 0 0 rg BT 485.12 170.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 511.33 170.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.00 170.10 Td ($600,000, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 158.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 80.72 158.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.88 158.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 119.93 158.10 Td (review ) Tj ET Q q 0 0 0 rg BT 149.53 158.10 Td (by ) Tj ET Q q 0 0 0 rg BT 161.92 158.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.52 158.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 236.69 158.10 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 286.02 158.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.84 158.10 Td (that ) Tj ET Q q 0 0 0 rg BT 320.23 158.10 Td (they ) Tj ET Q q 0 0 0 rg BT 339.84 158.10 Td (may ) Tj ET Q q 0 0 0 rg BT 359.44 158.10 Td (be ) Tj ET Q q 0 0 0 rg BT 371.27 158.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 407.53 158.10 Td (a ) Tj ET Q q 0 0 0 rg BT 414.36 158.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 440.64 158.10 Td (in ) Tj ET Q q 0 0 0 rg BT 450.81 158.10 Td (an ) Tj ET Q q 0 0 0 rg BT 462.64 158.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 495.02 158.10 Td (to ) Tj ET Q q 0 0 0 rg BT 505.19 158.10 Td (be ) Tj ET Q q 0 0 0 rg BT 517.02 158.10 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 146.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.16 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.75 146.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 93.23 146.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 135.04 146.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.75 146.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.35 146.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 220.50 146.10 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 269.64 146.10 Td (These ) Tj ET Q q 0 0 0 rg BT 295.89 146.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 348.26 146.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 396.17 146.10 Td (are ) Tj ET Q q 0 0 0 rg BT 410.75 146.10 Td (terminable ) Tj ET Q q 0 0 0 rg BT 455.89 146.10 Td (by ) Tj ET Q q 0 0 0 rg BT 468.27 146.10 Td (either ) Tj ET Q q 0 0 0 rg BT 493.41 146.10 Td (party ) Tj ET Q q 0 0 0 rg BT 516.33 146.10 Td (on ) Tj ET Q q 0 0 0 rg BT 528.71 146.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 541.08 146.10 Td (days) Tj ET Q q 0 0 0 rg BT 562.00 146.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 134.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 71.92 134.10 Td (written ) Tj ET Q q 0 0 0 rg BT 102.72 134.10 Td (notice, ) Tj ET Q q 0 0 0 rg BT 132.13 134.10 Td (with ) Tj ET Q q 0 0 0 rg BT 152.39 134.10 Td (no ) Tj ET Q q 0 0 0 rg BT 164.87 134.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 211.76 134.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 237.02 134.10 Td (to ) Tj ET Q q 0 0 0 rg BT 247.28 134.10 Td (severance. ) Tj ET Q q 0 0 0 rg BT 291.67 134.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 303.34 134.10 Td (. ) Tj ET Q q 0 0 0 rg BT 308.32 134.10 Td (Costantino, ) Tj ET Q q 0 0 0 rg BT 356.63 134.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 368.30 134.10 Td (. ) Tj ET Q q 0 0 0 rg BT 373.28 134.10 Td (Grubb, ) Tj ET Q q 0 0 0 rg BT 403.81 134.10 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 421.57 134.10 Td (Moran ) Tj ET Q q 0 0 0 rg BT 450.71 134.10 Td (and ) Tj ET Q q 0 0 0 rg BT 467.62 134.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 479.29 134.10 Td (. ) Tj ET Q q 0 0 0 rg BT 484.09 134.10 Td (W) Tj ET Q q 0 0 0 rg BT 492.93 134.10 Td (yles ) Tj ET Q q 0 0 0 rg BT 511.52 134.10 Td (are ) Tj ET Q q 0 0 0 rg BT 526.20 134.10 Td (not ) Tj ET Q q 0 0 0 rg BT 541.46 134.10 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 122.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.69 122.10 Td (an ) Tj ET Q q 0 0 0 rg BT 73.04 122.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 125.94 122.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 170.50 122.10 Td (with ) Tj ET Q q 0 0 0 rg BT 191.19 122.10 Td (us. ) Tj ET Q q 0 0 0 rg BT 204.85 122.10 Td (All ) Tj ET Q q 0 0 0 rg BT 220.54 122.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.78 122.10 Td (our ) Tj ET Q q 0 0 0 rg BT 248.03 122.10 Td (named ) Tj ET Q q 0 0 0 rg BT 277.59 122.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 318.82 122.10 Td (of) Tj ET Q q 0 0 0 rg BT 326.97 122.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 352.09 122.10 Td (are ) Tj ET Q q 0 0 0 rg BT 367.21 122.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 398.44 122.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.14 122.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 454.83 122.10 Td (on ) Tj ET Q q 0 0 0 rg BT 467.74 122.10 Td (their ) Tj ET Q q 0 0 0 rg BT 488.98 122.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 517.44 122.10 Td (to ) Tj ET Q q 0 0 0 rg BT 528.13 122.10 Td (compete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 110.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.63 110.10 Td (us ) Tj ET Q q 0 0 0 rg BT 80.37 110.10 Td (during ) Tj ET Q q 0 0 0 rg BT 108.33 110.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.39 110.10 Td (term ) Tj ET Q q 0 0 0 rg BT 142.57 110.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.75 110.10 Td (their ) Tj ET Q q 0 0 0 rg BT 172.92 110.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 224.76 110.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.05 110.10 Td (for ) Tj ET Q q 0 0 0 rg BT 254.56 110.10 Td (a ) Tj ET Q q 0 0 0 rg BT 260.85 110.10 Td (three ) Tj ET Q q 0 0 0 rg BT 282.68 110.10 Td (month ) Tj ET Q q 0 0 0 rg BT 310.09 110.10 Td (period ) Tj ET Q q 0 0 0 rg BT 337.49 110.10 Td (thereafter; ) Tj ET Q q 0 0 0 rg BT 380.42 110.10 Td (they ) Tj ET Q q 0 0 0 rg BT 399.48 110.10 Td (are ) Tj ET Q q 0 0 0 rg BT 413.54 110.10 Td (also ) Tj ET Q q 0 0 0 rg BT 431.50 110.10 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 474.45 110.10 Td (from ) Tj ET Q q 0 0 0 rg BT 495.74 110.10 Td (soliciting ) Tj ET Q q 0 0 0 rg BT 534.81 110.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 98.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.66 98.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 121.92 98.10 Td (for ) Tj ET Q q 0 0 0 rg BT 136.08 98.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.02 98.10 Td (period ) Tj ET Q q 0 0 0 rg BT 171.07 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.90 98.10 Td (six ) Tj ET Q q 0 0 0 rg BT 196.07 98.10 Td (months ) Tj ET Q q 0 0 0 rg BT 228.02 98.10 Td (following ) Tj ET Q q 0 0 0 rg BT 269.40 98.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.12 98.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 332.72 98.10 Td (of ) Tj ET Q q 0 0 0 rg BT 343.55 98.10 Td (their ) Tj ET Q q 0 0 0 rg BT 364.38 98.10 Td (employment. ) Tj ET Q endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (61) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Item 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder) Tj ET Q q 0 0 0 rg BT 487.01 742.25 Td ( Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 721.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 81.00 721.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 121.25 721.25 Td (of) Tj ET Q q 0 0 0 rg BT 129.40 721.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 153.55 721.25 Td (and ) Tj ET Q q 0 0 0 rg BT 169.93 721.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 206.86 721.25 Td (are ) Tj ET Q q 0 0 0 rg BT 221.01 721.25 Td (encouraged ) Tj ET Q q 0 0 0 rg BT 269.04 721.25 Td (to ) Tj ET Q q 0 0 0 rg BT 278.76 721.25 Td (own ) Tj ET Q q 0 0 0 rg BT 297.92 721.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 337.63 721.25 Td (common ) Tj ET Q q 0 0 0 rg BT 374.57 721.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 400.12 721.25 Td (par ) Tj ET Q q 0 0 0 rg BT 414.83 721.25 Td (value ) Tj ET Q q 0 0 0 rg BT 438.43 721.25 Td ($0.01 ) Tj ET Q q 0 0 0 rg BT 462.88 721.25 Td (per ) Tj ET Q q 0 0 0 rg BT 477.59 721.25 Td (share, ) Tj ET Q q 0 0 0 rg BT 503.13 721.25 Td (to ) Tj ET Q q 0 0 0 rg BT 512.85 721.25 Td (further ) Tj ET Q q 0 0 0 rg BT 542.00 721.25 Td (align ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 709.25 Td (management) Tj ET Q q 0 0 0 rg BT 103.87 709.25 Td (s ) Tj ET Q q 0 0 0 rg BT 111.03 709.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.74 709.25 Td (stockholders) Tj ET Q q 0 0 0 rg BT 181.87 709.25 Td ( ) Tj ET Q q 0 0 0 rg BT 185.14 709.25 Td (interests. ) Tj ET Q q 0 0 0 rg BT 224.24 709.25 Td ( ) Tj ET Q q 0 0 0 rg BT 227.51 709.25 Td (In ) Tj ET Q q 0 0 0 rg BT 239.11 709.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 277.65 709.25 Td (we ) Tj ET Q q 0 0 0 rg BT 292.58 709.25 Td (have ) Tj ET Q q 0 0 0 rg BT 314.73 709.25 Td (adopted ) Tj ET Q q 0 0 0 rg BT 349.66 709.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 374.04 709.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 418.97 709.25 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 463.34 709.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 507.70 709.25 Td (to ) Tj ET Q q 0 0 0 rg BT 518.75 709.25 Td (our ) Tj ET Q q 0 0 0 rg BT 535.35 709.25 Td (named ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 92.55 697.25 Td (of) Tj ET Q q 0 0 0 rg BT 100.70 697.25 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 129.65 697.25 Td ( ) Tj ET Q q 0 0 0 rg BT 133.89 697.25 Td (See ) Tj ET Q q 0 0 0 rg BT 152.57 697.25 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 157.01 697.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 179.02 697.25 Td (1) Tj ET Q q 0 0 0 rg BT 183.28 697.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 195.02 697.25 Td (Executive ) Tj ET Q q 0 0 0 rg BT 238.12 697.25 Td (CompensationCompensation ) Tj ET Q q 0 0 0 rg BT 366.81 697.25 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 414.94 697.25 Td (and ) Tj ET Q q 0 0 0 rg BT 433.87 697.25 Td (AnalysisOther ) Tj ET Q q 0 0 0 rg BT 504.22 697.25 Td (Compensation ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.63 685.25 Td (ogram ) Tj ET Q q 0 0 0 rg BT 88.24 685.25 Td (and ) Tj ET Q q 0 0 0 rg BT 105.74 685.25 Td (Governance ) Tj ET Q q 0 0 0 rg BT 157.11 685.25 Td (Featur) Tj ET Q q 0 0 0 rg BT 183.96 685.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.29 685.25 Td ( ) Tj ET Q q 0 0 0 rg BT 199.22 685.25 Td (above ) Tj ET Q q 0 0 0 rg BT 225.60 685.25 Td (for ) Tj ET Q q 0 0 0 rg BT 239.76 685.25 Td (a ) Tj ET Q q 0 0 0 rg BT 246.70 685.25 Td (description ) Tj ET Q q 0 0 0 rg BT 293.63 685.25 Td (of ) Tj ET Q q 0 0 0 rg BT 304.46 685.25 Td (these ) Tj ET Q q 0 0 0 rg BT 327.51 685.25 Td (guidelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 664.25 Td (The ) Tj ET Q q 0 0 0 rg BT 81.45 664.25 Td (following ) Tj ET Q q 0 0 0 rg BT 122.74 664.25 Td (table ) Tj ET Q q 0 0 0 rg BT 144.58 664.25 Td (shows ) Tj ET Q q 0 0 0 rg BT 171.99 664.25 Td (how ) Tj ET Q q 0 0 0 rg BT 191.61 664.25 Td (many ) Tj ET Q q 0 0 0 rg BT 216.23 664.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 243.63 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.36 664.25 Td (our ) Tj ET Q q 0 0 0 rg BT 270.10 664.25 Td (common ) Tj ET Q q 0 0 0 rg BT 307.49 664.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 331.01 664.25 Td (were ) Tj ET Q q 0 0 0 rg BT 352.84 664.25 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 402.44 664.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 431.50 664.25 Td (as ) Tj ET Q q 0 0 0 rg BT 442.24 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.97 664.25 Td (February ) Tj ET Q q 0 0 0 rg BT 491.47 664.25 Td (17, ) Tj ET Q q 0 0 0 rg BT 506.38 664.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 531.28 664.25 Td (by ) Tj ET Q q 0 0 0 rg BT 543.69 664.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.45 652.25 Td (our ) Tj ET Q q 0 0 0 rg BT 75.90 652.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 113.01 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 129.57 652.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 170.00 652.25 Td (of) Tj ET Q q 0 0 0 rg BT 178.15 652.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 202.48 652.25 Td (named ) Tj ET Q q 0 0 0 rg BT 231.26 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 241.16 652.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.50 652.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 277.62 652.25 Td (Summary ) Tj ET Q q 0 0 0 rg BT 318.63 652.25 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 378.37 652.25 Td (T) Tj ET Q q 0 0 0 rg BT 383.78 652.25 Td (able ) Tj ET Q q 0 0 0 rg BT 402.55 652.25 Td (in ) Tj ET Q q 0 0 0 rg BT 412.45 652.25 Td (this ) Tj ET Q q 0 0 0 rg BT 429.02 652.25 Td (proxy ) Tj ET Q q 0 0 0 rg BT 454.48 652.25 Td (statement, ) Tj ET Q q 0 0 0 rg BT 497.42 652.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.98 652.25 Td (by ) Tj ET Q q 0 0 0 rg BT 526.10 652.25 Td (all ) Tj ET Q q 0 0 0 rg BT 538.22 652.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.67 652.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 86.73 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 102.91 640.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 142.96 640.25 Td (of) Tj ET Q q 0 0 0 rg BT 151.11 640.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 175.06 640.25 Td (as ) Tj ET Q q 0 0 0 rg BT 185.13 640.25 Td (a ) Tj ET Q q 0 0 0 rg BT 191.31 640.25 Td (group. ) Tj ET Q q 0 0 0 rg BT 218.76 640.25 Td (T) Tj ET Q q 0 0 0 rg BT 224.17 640.25 Td (o ) Tj ET Q q 0 0 0 rg BT 230.91 640.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.87 640.25 Td (best ) Tj ET Q q 0 0 0 rg BT 262.72 640.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.79 640.25 Td (our ) Tj ET Q q 0 0 0 rg BT 287.87 640.25 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 335.98 640.25 Td (based ) Tj ET Q q 0 0 0 rg BT 360.50 640.25 Td (on ) Tj ET Q q 0 0 0 rg BT 372.24 640.25 Td (filings ) Tj ET Q q 0 0 0 rg BT 399.54 640.25 Td (made ) Tj ET Q q 0 0 0 rg BT 422.93 640.25 Td (under ) Tj ET Q q 0 0 0 rg BT 447.44 640.25 Td (Section13\(d\) ) Tj ET Q q 0 0 0 rg BT 503.34 640.25 Td (and ) Tj ET Q q 0 0 0 rg BT 519.52 640.25 Td (Section13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.25 Td (\(g\) ) Tj ET Q q 0 0 0 rg BT 64.58 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 75.84 628.25 Td (the ) Tj ET Q q 0 0 0 rg BT 90.98 628.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 133.34 628.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 175.04 628.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 192.40 628.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.65 628.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 229.08 628.25 Td (as ) Tj ET Q q 0 0 0 rg BT 240.33 628.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 279.35 628.25 Td (\(Filings\), ) Tj ET Q q 0 0 0 rg BT 328.10 628.25 Td (except ) Tj ET Q q 0 0 0 rg BT 357.12 628.25 Td (as ) Tj ET Q q 0 0 0 rg BT 368.37 628.25 Td (noted ) Tj ET Q q 0 0 0 rg BT 393.51 628.25 Td (below) Tj ET Q q 0 0 0 rg BT 417.30 628.25 Td (, ) Tj ET Q q 0 0 0 rg BT 422.72 628.25 Td (no ) Tj ET Q q 0 0 0 rg BT 435.65 628.25 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 485.23 628.25 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 535.35 628.25 Td (owned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.25 Td (more ) Tj ET Q q 0 0 0 rg BT 72.22 616.25 Td (than ) Tj ET Q q 0 0 0 rg BT 91.10 616.25 Td (five ) Tj ET Q q 0 0 0 rg BT 108.32 616.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 139.41 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 149.41 616.25 Td (our ) Tj ET Q q 0 0 0 rg BT 164.41 616.25 Td (common ) Tj ET Q q 0 0 0 rg BT 201.08 616.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 223.86 616.25 Td (as ) Tj ET Q q 0 0 0 rg BT 233.86 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.86 616.25 Td (February ) Tj ET Q q 0 0 0 rg BT 281.63 616.25 Td (17, ) Tj ET Q q 0 0 0 rg BT 295.80 616.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 319.85 616.25 Td (The ) Tj ET Q q 0 0 0 rg BT 337.06 616.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 382.03 616.25 Td (has ) Tj ET Q q 0 0 0 rg BT 397.03 616.25 Td (been ) Tj ET Q q 0 0 0 rg BT 417.58 616.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 459.78 616.25 Td (on ) Tj ET Q q 0 0 0 rg BT 471.45 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.33 616.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 507.00 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 517.00 616.25 Td (29,809,086 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 77.49 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 88.32 604.25 Td (common ) Tj ET Q q 0 0 0 rg BT 125.82 604.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 149.42 604.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 198.59 604.25 Td (as ) Tj ET Q q 0 0 0 rg BT 209.42 604.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.25 604.25 Td (February ) Tj ET Q q 0 0 0 rg BT 258.85 604.25 Td (17, ) Tj ET Q q 0 0 0 rg BT 273.85 604.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 296.35 604.25 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 341.61 604.25 Td (treasury ) Tj ET Q q 0 0 0 rg BT 376.32 604.25 Td (stock\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 583.25 Td (The ) Tj ET Q q 0 0 0 rg BT 81.77 583.25 Td (address ) Tj ET Q q 0 0 0 rg BT 114.48 583.25 Td (for ) Tj ET Q q 0 0 0 rg BT 128.86 583.25 Td (each ) Tj ET Q q 0 0 0 rg BT 149.90 583.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 174.29 583.25 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 223.67 583.25 Td (\(other ) Tj ET Q q 0 0 0 rg BT 250.27 583.25 Td (than ) Tj ET Q q 0 0 0 rg BT 270.20 583.25 Td (as ) Tj ET Q q 0 0 0 rg BT 281.26 583.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 320.63 583.25 Td (in ) Tj ET Q q 0 0 0 rg BT 331.13 583.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.07 583.25 Td (notes\) ) Tj ET Q q 0 0 0 rg BT 373.23 583.25 Td (is: ) Tj ET Q q 0 0 0 rg BT 385.40 583.25 Td (c/o ) Tj ET Q q 0 0 0 rg BT 400.34 583.25 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 451.10 583.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 470.49 583.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 490.99 583.25 Td (300 ) Tj ET Q q 0 0 0 rg BT 508.71 583.25 Td (Park ) Tj ET Q q 0 0 0 rg BT 529.16 583.25 Td (A) Tj ET Q q 0 0 0 rg BT 535.64 583.25 Td (venue, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 571.25 Td (23rd ) Tj ET Q q 0 0 0 rg BT 70.13 571.25 Td (Floor) Tj ET Q q 0 0 0 rg BT 91.40 571.25 Td (, ) Tj ET Q q 0 0 0 rg BT 95.70 571.25 Td (New ) Tj ET Q q 0 0 0 rg BT 116.12 571.25 Td (Y) Tj ET Q q 0 0 0 rg BT 122.34 571.25 Td (ork, ) Tj ET Q q 0 0 0 rg BT 139.97 571.25 Td (New ) Tj ET Q q 0 0 0 rg BT 160.39 571.25 Td (Y) Tj ET Q q 0 0 0 rg BT 166.61 571.25 Td (ork ) Tj ET Q q 0 0 0 rg BT 181.74 571.25 Td (10022. ) Tj ET Q q 0 0 0 rg BT 210.91 571.25 Td (T) Tj ET Q q 0 0 0 rg BT 216.32 571.25 Td (o ) Tj ET Q q 0 0 0 rg BT 223.12 571.25 Td (our ) Tj ET Q q 0 0 0 rg BT 238.26 571.25 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 286.43 571.25 Td (except ) Tj ET Q q 0 0 0 rg BT 314.33 571.25 Td (as ) Tj ET Q q 0 0 0 rg BT 324.46 571.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 362.91 571.25 Td (in ) Tj ET Q q 0 0 0 rg BT 372.49 571.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.51 571.25 Td (footnotes ) Tj ET Q q 0 0 0 rg BT 425.53 571.25 Td (to ) Tj ET Q q 0 0 0 rg BT 435.11 571.25 Td (this ) Tj ET Q q 0 0 0 rg BT 451.36 571.25 Td (table, ) Tj ET Q q 0 0 0 rg BT 475.10 571.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 511.34 571.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.92 571.25 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 559.25 Td (community ) Tj ET Q q 0 0 0 rg BT 98.34 559.25 Td (property ) Tj ET Q q 0 0 0 rg BT 135.00 559.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 156.12 559.25 Td (or ) Tj ET Q q 0 0 0 rg BT 167.24 559.25 Td (as ) Tj ET Q q 0 0 0 rg BT 178.35 559.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 217.79 559.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.36 559.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.36 559.25 Td (Filings ) Tj ET Q q 0 0 0 rg BT 273.94 559.25 Td (made ) Tj ET Q q 0 0 0 rg BT 298.38 559.25 Td (by ) Tj ET Q q 0 0 0 rg BT 311.17 559.25 Td (institutional ) Tj ET Q q 0 0 0 rg BT 361.73 559.25 Td (stockholders, ) Tj ET Q q 0 0 0 rg BT 417.57 559.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.57 559.25 Td (persons ) Tj ET Q q 0 0 0 rg BT 465.91 559.25 Td (named ) Tj ET Q q 0 0 0 rg BT 495.35 559.25 Td (in ) Tj ET Q q 0 0 0 rg BT 505.92 559.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.92 559.25 Td (table ) Tj ET Q q 0 0 0 rg BT 543.14 559.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 547.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 68.61 547.25 Td (voting ) Tj ET Q q 0 0 0 rg BT 96.67 547.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.60 547.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 159.99 547.25 Td (power ) Tj ET Q q 0 0 0 rg BT 187.48 547.25 Td (with ) Tj ET Q q 0 0 0 rg BT 207.75 547.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 238.57 547.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.85 547.25 Td (all ) Tj ET Q q 0 0 0 rg BT 261.34 547.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 288.83 547.25 Td (of ) Tj ET Q q 0 0 0 rg BT 299.66 547.25 Td (common ) Tj ET Q q 0 0 0 rg BT 337.16 547.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 360.77 547.25 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 410.46 547.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 439.62 547.25 Td (by ) Tj ET Q q 0 0 0 rg BT 452.12 547.25 Td (them. ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 536.45 Td () Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 494.95 384.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 494.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 494.95 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 494.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 494.95 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 466.95 384.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 466.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 466.95 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 466.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 466.95 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 438.95 384.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 438.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 438.95 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 438.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 438.95 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 410.95 384.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 410.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 410.95 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 410.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 410.95 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 382.95 384.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 382.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 382.95 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 382.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 382.95 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 354.95 384.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 354.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 354.95 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 354.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 354.95 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 326.95 384.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 326.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 326.95 56.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 326.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 326.95 63.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 297.95 384.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 297.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 297.95 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 297.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 297.95 63.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 269.95 384.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 269.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 269.95 56.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 494.50 269.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 269.95 63.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 510.95000000000005 m 494.5 510.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494.5 510.95000000000005 m 498.5 510.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 510.95000000000005 m 561.5 510.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 494.95000000000005 m 434.5 494.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 494.95000000000005 m 494.5 494.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 494.95000000000005 m 561.5 494.95000000000005 l s BT /F1 4.00 Tf ET q 0 0 0 rg BT 53.00 514.33 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 442.35 516.68 Td (Shar) Tj ET Q q 0 0 0 rg BT 462.73 516.68 Td (esBeneficiallyOwned) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.61 516.68 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 501.68 Td (Name of Beneficial Owner) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 445.80 500.13 Td (Number) Tj ET Q q 0 0 0 rg BT 486.17 500.13 Td () Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 491.17 500.13 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.70 500.13 Td (Per) Tj ET Q q 0 0 0 rg BT 530.50 500.13 Td (cent) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 548.27 500.13 Td () Tj ET Q BT /F1 12.00 Tf ET q 0 0 0 rg BT 551.77 500.13 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 485.52 Td (Directors and Named Executive Officers:) Tj ET Q BT /F1 4.00 Tf ET q 0 0 0 rg BT 441.00 484.33 Td () Tj ET Q BT /F1 4.00 Tf ET q 0 0 0 rg BT 501.00 484.33 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 471.52 Td (Robert F. Greenhill \(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.60 471.52 Td (1,466,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 471.52 Td (4.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 471.52 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 457.52 Td (Scott L. Bok \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.15 457.52 Td (744,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 457.52 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 457.52 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 443.52 Td (Kevin M. Costantino) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 443.52 Td (4,879) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 443.52 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 429.52 Td (Christopher T. Grubb) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 429.52 Td (9,846) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 429.52 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 415.52 Td (Patricia Moran) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 415.52 Td (2,572) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 415.52 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 401.52 Td (Harold J. Rodriguez, Jr. \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 401.52 Td (79,351) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 401.52 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 387.52 Td (David A. Wyles) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 387.52 Td (23,599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 387.52 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 373.52 Td (Robert T. Blakely) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 373.52 Td (4,636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 373.52 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 359.52 Td (Steven F. Goldstone) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 359.52 Td (21,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 359.52 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 345.52 Td (Stephen L. Key) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.15 345.52 Td (14,243) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 345.52 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 331.52 Td (Karen P. Robards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 331.52 Td (4,688) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.00 331.52 Td (*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 316.62 Td (All Directors and Executive Officers as a group \(11 persons\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.60 316.62 Td (2,375,876) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 316.62 Td (8.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 316.62 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 302.52 Td (5% Stockholders:) Tj ET Q BT /F1 4.00 Tf ET q 0 0 0 rg BT 491.00 301.33 Td () Tj ET Q BT /F1 4.00 Tf ET q 0 0 0 rg BT 558.00 301.33 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 288.52 Td (BlackRock, Inc. \(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.60 288.52 Td (2,825,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 288.52 Td (9.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 288.52 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 274.52 Td (Loomis, Sayles & Co., L.P. \(5\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.60 274.52 Td (2,728,866) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 274.52 Td (9.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 274.52 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 260.52 Td (The Vanguard Group \(6\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.60 260.52 Td (2,021,542) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 260.52 Td (6.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 260.52 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.00 Tf ET q 0 0 0 rg BT 50.00 237.25 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 51.50 237.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 237.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 222.25 Td (* ) Tj ET Q q 0 0 0 rg BT 74.00 222.25 Td (Less ) Tj ET Q q 0 0 0 rg BT 94.83 222.25 Td (than ) Tj ET Q q 0 0 0 rg BT 114.55 222.25 Td (1% ) Tj ET Q q 0 0 0 rg BT 130.38 222.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.21 222.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.92 222.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 205.09 222.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 232.58 222.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.41 222.25 Td (common ) Tj ET Q q 0 0 0 rg BT 280.90 222.25 Td (stock. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 210.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 74.00 210.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 85.67 210.25 Td (.Greenhill) Tj ET Q q 0 0 0 rg BT 131.21 210.25 Td (s ) Tj ET Q q 0 0 0 rg BT 137.56 210.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 179.44 210.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 223.55 210.25 Td (is ) Tj ET Q q 0 0 0 rg BT 232.68 210.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 275.67 210.25 Td (by ) Tj ET Q q 0 0 0 rg BT 288.12 210.25 Td (attributing ) Tj ET Q q 0 0 0 rg BT 332.24 210.25 Td (to ) Tj ET Q q 0 0 0 rg BT 342.48 210.25 Td (him ) Tj ET Q q 0 0 0 rg BT 360.49 210.25 Td (all ) Tj ET Q q 0 0 0 rg BT 372.94 210.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 400.39 210.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.18 210.25 Td (our ) Tj ET Q q 0 0 0 rg BT 426.97 210.25 Td (common ) Tj ET Q q 0 0 0 rg BT 464.42 210.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 487.99 210.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 517.10 210.25 Td (by ) Tj ET Q q 0 0 0 rg BT 529.56 210.25 Td (him ) Tj ET Q q 0 0 0 rg BT 547.58 210.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 198.25 Td (by ) Tj ET Q q 0 0 0 rg BT 86.37 198.25 Td (two ) Tj ET Q q 0 0 0 rg BT 103.73 198.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 134.98 198.25 Td (controlled ) Tj ET Q q 0 0 0 rg BT 177.89 198.25 Td (by ) Tj ET Q q 0 0 0 rg BT 190.26 198.25 Td (him. ) Tj ET Q q 0 0 0 rg BT 210.51 198.25 Td (The ) Tj ET Q q 0 0 0 rg BT 228.43 198.25 Td (first ) Tj ET Q q 0 0 0 rg BT 246.90 198.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 272.04 198.25 Td (is ) Tj ET Q q 0 0 0 rg BT 281.08 198.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 321.21 198.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 351.91 198.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 385.94 198.25 Td (Partnership, ) Tj ET Q q 0 0 0 rg BT 436.35 198.25 Td (a ) Tj ET Q q 0 0 0 rg BT 443.16 198.25 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 483.83 198.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 514.53 198.25 Td (partnership, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 186.25 Td (which ) Tj ET Q q 0 0 0 rg BT 100.79 186.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 124.25 186.25 Td (989,524 ) Tj ET Q q 0 0 0 rg BT 159.10 186.25 Td (of ) Tj ET Q q 0 0 0 rg BT 169.78 186.25 Td (our ) Tj ET Q q 0 0 0 rg BT 185.46 186.25 Td (shares. ) Tj ET Q q 0 0 0 rg BT 215.13 186.25 Td (The ) Tj ET Q q 0 0 0 rg BT 233.03 186.25 Td (second ) Tj ET Q q 0 0 0 rg BT 263.15 186.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 288.27 186.25 Td (is ) Tj ET Q q 0 0 0 rg BT 297.29 186.25 Td (Riversville ) Tj ET Q q 0 0 0 rg BT 343.00 186.25 Td (Aircraft ) Tj ET Q q 0 0 0 rg BT 377.00 186.25 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 427.68 186.25 Td (II, ) Tj ET Q q 0 0 0 rg BT 439.19 186.25 Td (a ) Tj ET Q q 0 0 0 rg BT 445.97 186.25 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 486.63 186.25 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 537.57 186.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 174.25 Td (owns ) Tj ET Q q 0 0 0 rg BT 97.29 174.25 Td (239,680 ) Tj ET Q q 0 0 0 rg BT 131.97 174.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.47 174.25 Td (our ) Tj ET Q q 0 0 0 rg BT 157.98 174.25 Td (shares. ) Tj ET Q q 0 0 0 rg BT 187.65 174.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 199.32 174.25 Td (.Greenhill ) Tj ET Q q 0 0 0 rg BT 244.26 174.25 Td (expressly ) Tj ET Q q 0 0 0 rg BT 284.20 174.25 Td (disclaims ) Tj ET Q q 0 0 0 rg BT 324.15 174.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 365.75 174.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 409.59 174.25 Td (of ) Tj ET Q q 0 0 0 rg BT 420.09 174.25 Td (the ) Tj ET Q q 0 0 0 rg BT 434.49 174.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 461.65 174.25 Td (of ) Tj ET Q q 0 0 0 rg BT 472.16 174.25 Td (common ) Tj ET Q q 0 0 0 rg BT 509.33 174.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 532.62 174.25 Td (held ) Tj ET Q q 0 0 0 rg BT 552.01 174.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 162.25 Td (other ) Tj ET Q q 0 0 0 rg BT 97.05 162.25 Td (members ) Tj ET Q q 0 0 0 rg BT 136.20 162.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.03 162.25 Td (his ) Tj ET Q q 0 0 0 rg BT 161.20 162.25 Td (family ) Tj ET Q q 0 0 0 rg BT 189.81 162.25 Td (in ) Tj ET Q q 0 0 0 rg BT 200.08 162.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 240.35 162.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 271.18 162.25 Td (Limited ) Tj ET Q q 0 0 0 rg BT 305.34 162.25 Td (Partnership. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 150.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 74.00 150.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 109.56 150.25 Td (400,000 ) Tj ET Q q 0 0 0 rg BT 143.75 150.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 170.43 150.25 Td (held ) Tj ET Q q 0 0 0 rg BT 189.33 150.25 Td (by ) Tj ET Q q 0 0 0 rg BT 201.02 150.25 Td (a ) Tj ET Q q 0 0 0 rg BT 207.14 150.25 Td (grantor ) Tj ET Q q 0 0 0 rg BT 237.71 150.25 Td (retained ) Tj ET Q q 0 0 0 rg BT 271.60 150.25 Td (annuity ) Tj ET Q q 0 0 0 rg BT 303.28 150.25 Td (trust ) Tj ET Q q 0 0 0 rg BT 322.74 150.25 Td (for ) Tj ET Q q 0 0 0 rg BT 336.09 150.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.00 150.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 379.45 150.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.46 150.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 401.13 150.25 Td (. ) Tj ET Q q 0 0 0 rg BT 405.32 150.25 Td (Bok ) Tj ET Q q 0 0 0 rg BT 423.68 150.25 Td (and ) Tj ET Q q 0 0 0 rg BT 439.80 150.25 Td (his ) Tj ET Q q 0 0 0 rg BT 453.16 150.25 Td (two ) Tj ET Q q 0 0 0 rg BT 469.85 150.25 Td (children. ) Tj ET Q q 0 0 0 rg BT 506.80 150.25 Td ( ) Tj ET Q q 0 0 0 rg BT 508.11 150.25 Td (Also ) Tj ET Q q 0 0 0 rg BT 528.69 150.25 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 138.25 Td (25,000 ) Tj ET Q q 0 0 0 rg BT 104.23 138.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 131.96 138.25 Td (held ) Tj ET Q q 0 0 0 rg BT 151.91 138.25 Td (by ) Tj ET Q q 0 0 0 rg BT 164.64 138.25 Td (Bok ) Tj ET Q q 0 0 0 rg BT 184.05 138.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 215.12 138.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 250.62 138.25 Td (L.P) Tj ET Q q 0 0 0 rg BT 263.68 138.25 Td (., ) Tj ET Q q 0 0 0 rg BT 271.42 138.25 Td (a ) Tj ET Q q 0 0 0 rg BT 278.59 138.25 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 319.63 138.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 350.69 138.25 Td (partnership, ) Tj ET Q q 0 0 0 rg BT 400.91 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.98 138.25 Td (which ) Tj ET Q q 0 0 0 rg BT 439.15 138.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 450.82 138.25 Td (.Bok ) Tj ET Q q 0 0 0 rg BT 475.23 138.25 Td (is ) Tj ET Q q 0 0 0 rg BT 484.63 138.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.58 138.25 Td (general ) Tj ET Q q 0 0 0 rg BT 531.74 138.25 Td (partner) Tj ET Q q 0 0 0 rg BT 559.50 138.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 126.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 85.67 126.25 Td (.Bok ) Tj ET Q q 0 0 0 rg BT 108.99 126.25 Td (disclaims ) Tj ET Q q 0 0 0 rg BT 148.42 126.25 Td (beneficial ) Tj ET Q q 0 0 0 rg BT 189.50 126.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 232.81 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 242.79 126.25 Td (securities ) Tj ET Q q 0 0 0 rg BT 282.21 126.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 310.53 126.25 Td (by ) Tj ET Q q 0 0 0 rg BT 322.18 126.25 Td (Bok ) Tj ET Q q 0 0 0 rg BT 340.50 126.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 370.49 126.25 Td (Partners ) Tj ET Q q 0 0 0 rg BT 404.92 126.25 Td (L.P) Tj ET Q q 0 0 0 rg BT 417.98 126.25 Td (. ) Tj ET Q q 0 0 0 rg BT 422.13 126.25 Td (except ) Tj ET Q q 0 0 0 rg BT 449.88 126.25 Td (to ) Tj ET Q q 0 0 0 rg BT 459.31 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.18 126.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 499.27 126.25 Td (of ) Tj ET Q q 0 0 0 rg BT 509.26 126.25 Td (his ) Tj ET Q q 0 0 0 rg BT 522.58 126.25 Td (pecuniary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 114.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 105.99 114.25 Td (therein. ) Tj ET Q q 0 0 0 rg BT 138.25 114.25 Td (Also ) Tj ET Q q 0 0 0 rg BT 159.70 114.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 195.58 114.25 Td (288,783 ) Tj ET Q q 0 0 0 rg BT 230.64 114.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 258.19 114.25 Td (held ) Tj ET Q q 0 0 0 rg BT 277.96 114.25 Td (by ) Tj ET Q q 0 0 0 rg BT 290.52 114.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.29 114.25 Td (Bok ) Tj ET Q q 0 0 0 rg BT 324.52 114.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 355.41 114.25 Td (Foundation. ) Tj ET Q q 0 0 0 rg BT 406.03 114.25 Td (Mr) Tj ET Q q 0 0 0 rg BT 417.70 114.25 Td (.Bok ) Tj ET Q q 0 0 0 rg BT 441.92 114.25 Td (expressly ) Tj ET Q q 0 0 0 rg BT 482.25 114.25 Td (disclaims ) Tj ET Q q 0 0 0 rg BT 522.58 114.25 Td (beneficial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 102.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 118.16 102.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.99 102.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.71 102.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 171.20 102.25 Td (held ) Tj ET Q q 0 0 0 rg BT 190.91 102.25 Td (by ) Tj ET Q q 0 0 0 rg BT 203.41 102.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.13 102.25 Td (Bok ) Tj ET Q q 0 0 0 rg BT 237.30 102.25 Td (Family ) Tj ET Q q 0 0 0 rg BT 268.14 102.25 Td (Foundation. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 90.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 74.00 90.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 110.38 90.25 Td (79,351 ) Tj ET Q q 0 0 0 rg BT 140.38 90.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 167.87 90.25 Td (held ) Tj ET Q q 0 0 0 rg BT 187.58 90.25 Td (by ) Tj ET Q q 0 0 0 rg BT 200.08 90.25 Td (Jacquelyn ) Tj ET Q q 0 0 0 rg BT 242.57 90.25 Td (F) Tj ET Q q 0 0 0 rg BT 247.33 90.25 Td (. ) Tj ET Q q 0 0 0 rg BT 252.33 90.25 Td (Rodriguez, ) Tj ET Q q 0 0 0 rg BT 298.98 90.25 Td (the ) Tj ET Q q 0 0 0 rg BT 313.70 90.25 Td (wife ) Tj ET Q q 0 0 0 rg BT 333.97 90.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.80 90.25 Td (Harold ) Tj ET Q q 0 0 0 rg BT 375.07 90.25 Td (J. ) Tj ET Q q 0 0 0 rg BT 383.96 90.25 Td (Rodriguez, ) Tj ET Q q 0 0 0 rg BT 430.62 90.25 Td (Jr) Tj ET Q q 0 0 0 rg BT 437.29 90.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 78.25 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 74.00 78.25 Td (Address: ) Tj ET Q q 0 0 0 rg BT 112.05 78.25 Td (55 ) Tj ET Q q 0 0 0 rg BT 124.55 78.25 Td (East ) Tj ET Q q 0 0 0 rg BT 144.27 78.25 Td (52) Tj ET Q BT /F1 7.00 Tf ET BT /F1 4.55 Tf ET q 0 0 0 rg BT 154.27 81.42 Td (nd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.82 78.25 Td ( ) Tj ET Q q 0 0 0 rg BT 161.32 78.25 Td (Street, ) Tj ET Q q 0 0 0 rg BT 189.64 78.25 Td (New ) Tj ET Q q 0 0 0 rg BT 210.65 78.25 Td (Y) Tj ET Q q 0 0 0 rg BT 216.87 78.25 Td (ork, ) Tj ET Q q 0 0 0 rg BT 235.20 78.25 Td (NY) Tj ET Q q 0 0 0 rg BT 249.28 78.25 Td ( ) Tj ET Q q 0 0 0 rg BT 251.78 78.25 Td (10022. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 66.25 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 74.00 66.25 Td (Address: ) Tj ET Q q 0 0 0 rg BT 112.05 66.25 Td (One ) Tj ET Q q 0 0 0 rg BT 131.21 66.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 170.92 66.25 Td (Center) Tj ET Q q 0 0 0 rg BT 197.18 66.25 Td (, ) Tj ET Q q 0 0 0 rg BT 202.18 66.25 Td (Boston, ) Tj ET Q q 0 0 0 rg BT 235.52 66.25 Td (MA) Tj ET Q q 0 0 0 rg BT 251.08 66.25 Td ( ) Tj ET Q q 0 0 0 rg BT 253.58 66.25 Td (021) Tj ET Q q 0 0 0 rg BT 268.21 66.25 Td (1) Tj ET Q q 0 0 0 rg BT 272.84 66.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.00 54.25 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 74.00 54.25 Td (Address: ) Tj ET Q q 0 0 0 rg BT 112.05 54.25 Td (100 ) Tj ET Q q 0 0 0 rg BT 129.37 54.25 Td (V) Tj ET Q q 0 0 0 rg BT 135.48 54.25 Td (anguard ) Tj ET Q q 0 0 0 rg BT 170.19 54.25 Td (Blvd., ) Tj ET Q q 0 0 0 rg BT 197.14 54.25 Td (Malvern, ) Tj ET Q q 0 0 0 rg BT 236.02 54.25 Td (P) Tj ET Q q 0 0 0 rg BT 240.66 54.25 Td (A) Tj ET Q q 0 0 0 rg BT 247.33 54.25 Td ( ) Tj ET Q q 0 0 0 rg BT 249.83 54.25 Td (19355. ) Tj ET Q endstream endobj 125 0 obj <> endobj 126 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 92.15 742.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 133.07 742.10 Td (of) Tj ET Q q 0 0 0 rg BT 141.22 742.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 166.03 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.07 742.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 220.66 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 235.46 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 250.85 742.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 291.77 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.15 742.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 328.63 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.56 742.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 381.04 742.10 Td (dispose ) Tj ET Q q 0 0 0 rg BT 413.64 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.58 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.40 742.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 480.87 742.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 498.47 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.41 742.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 553.67 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (these ) Tj ET Q q 0 0 0 rg BT 72.51 730.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 99.47 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 109.77 730.10 Td (any ) Tj ET Q q 0 0 0 rg BT 126.18 730.10 Td (other ) Tj ET Q q 0 0 0 rg BT 148.69 730.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 175.65 730.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 204.28 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 216.25 730.10 Td (them ) Tj ET Q q 0 0 0 rg BT 238.21 730.10 Td (through ) Tj ET Q q 0 0 0 rg BT 271.28 730.10 Td (short ) Tj ET Q q 0 0 0 rg BT 293.25 730.10 Td (sales, ) Tj ET Q q 0 0 0 rg BT 317.16 730.10 Td (option ) Tj ET Q q 0 0 0 rg BT 344.68 730.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 394.41 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 404.71 730.10 Td (use ) Tj ET Q q 0 0 0 rg BT 420.01 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.31 730.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 472.26 730.10 Td (instruments. ) Tj ET Q q 0 0 0 rg BT 523.39 730.10 Td (See ) Tj ET Q q 0 0 0 rg BT 539.79 730.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 544.23 730.10 Td (Item ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (1) Tj ET Q q 0 0 0 rg BT 54.26 718.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 63.26 718.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 103.63 718.10 Td (CompensationCompensation ) Tj ET Q q 0 0 0 rg BT 229.58 718.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 274.98 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 291.37 718.10 Td (AnalysisOther ) Tj ET Q q 0 0 0 rg BT 358.99 718.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 418.27 718.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 427.90 718.10 Td (ogram ) Tj ET Q q 0 0 0 rg BT 455.52 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.02 718.10 Td (Governance ) Tj ET Q q 0 0 0 rg BT 522.40 718.10 Td (Featur) Tj ET Q q 0 0 0 rg BT 549.24 718.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.57 718.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (above. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 685.10 Td (Messrs. ) Tj ET Q q 0 0 0 rg BT 106.47 685.10 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 148.37 685.10 Td (Bok, ) Tj ET Q q 0 0 0 rg BT 169.18 685.10 Td (Costantino, ) Tj ET Q q 0 0 0 rg BT 216.65 685.10 Td (Grubb, ) Tj ET Q q 0 0 0 rg BT 246.33 685.10 Td (Rodriguez ) Tj ET Q q 0 0 0 rg BT 289.63 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.58 685.10 Td (W) Tj ET Q q 0 0 0 rg BT 314.42 685.10 Td (yles ) Tj ET Q q 0 0 0 rg BT 332.16 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.24 685.10 Td (Ms. ) Tj ET Q q 0 0 0 rg BT 365.16 685.10 Td (Moran ) Tj ET Q q 0 0 0 rg BT 393.45 685.10 Td (are ) Tj ET Q q 0 0 0 rg BT 407.29 685.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 451.69 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.66 685.10 Td (Greenhill. ) Tj ET Q q 0 0 0 rg BT 503.20 685.10 Td (As ) Tj ET Q q 0 0 0 rg BT 515.95 685.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.91 685.10 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (17, ) Tj ET Q q 0 0 0 rg BT 64.72 673.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 89.44 673.10 Td (they ) Tj ET Q q 0 0 0 rg BT 108.87 673.10 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 158.29 673.10 Td (own ) Tj ET Q q 0 0 0 rg BT 177.73 673.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 237.70 673.10 Td (8% ) Tj ET Q q 0 0 0 rg BT 253.25 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.80 673.10 Td (our ) Tj ET Q q 0 0 0 rg BT 279.35 673.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 328.23 673.10 Td (common ) Tj ET Q q 0 0 0 rg BT 365.45 673.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 388.77 673.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.77 673.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.20 673.10 Td (aggregate. ) Tj ET Q q 0 0 0 rg BT 456.78 673.10 Td (In ) Tj ET Q q 0 0 0 rg BT 467.33 673.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 504.82 673.10 Td (as ) Tj ET Q q 0 0 0 rg BT 515.37 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.92 673.10 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (17, ) Tj ET Q q 0 0 0 rg BT 65.00 661.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 90.00 661.10 Td (other ) Tj ET Q q 0 0 0 rg BT 113.05 661.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 158.31 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.14 661.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 209.40 661.10 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 259.10 661.10 Td (own ) Tj ET Q q 0 0 0 rg BT 278.82 661.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 339.08 661.10 Td (3% ) Tj ET Q q 0 0 0 rg BT 354.91 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.74 661.10 Td (our ) Tj ET Q q 0 0 0 rg BT 381.57 661.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 430.74 661.10 Td (common ) Tj ET Q q 0 0 0 rg BT 468.23 661.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 491.84 661.10 Td (in ) Tj ET Q q 0 0 0 rg BT 502.12 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.84 661.10 Td (aggregate. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 640.10 Td (The ) Tj ET Q q 0 0 0 rg BT 79.81 640.10 Td (following ) Tj ET Q q 0 0 0 rg BT 120.97 640.10 Td (table ) Tj ET Q q 0 0 0 rg BT 142.67 640.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 179.38 640.10 Td (information ) Tj ET Q q 0 0 0 rg BT 228.86 640.10 Td (as ) Tj ET Q q 0 0 0 rg BT 239.46 640.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.05 640.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 308.41 640.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.41 640.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.67 640.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 371.26 640.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 411.29 640.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 438.56 640.10 Td (under ) Tj ET Q q 0 0 0 rg BT 463.59 640.10 Td (our ) Tj ET Q q 0 0 0 rg BT 479.19 640.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 506.46 640.10 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 73.61 628.10 Td (that ) Tj ET Q q 0 0 0 rg BT 91.10 628.10 Td (were ) Tj ET Q q 0 0 0 rg BT 113.03 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.31 628.10 Td (ef) Tj ET Q q 0 0 0 rg BT 130.90 628.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 148.38 628.10 Td (during ) Tj ET Q q 0 0 0 rg BT 176.99 628.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.15 628.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.15 628.10 Td (.) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 56.50 531.60 159.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 531.60 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 531.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 531.60 79.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 531.60 14.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 531.60 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 531.60 14.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 531.60 80.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 56.50 481.60 159.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 215.50 481.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 295.50 481.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 481.60 79.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 378.50 481.60 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 392.50 481.60 80.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 472.50 481.60 14.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 481.60 80.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 215.5 531.6 m 295.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 531.6 m 378.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 531.6 m 472.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 531.6 m 566.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 531.6 m 378.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 531.6 m 566.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 481.6 m 378.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 481.6 m 472.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 481.6 m 566.5 481.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 467.6 m 378.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 299.5 465.6 m 378.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 467.6 m 472.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 392.5 465.6 m 472.5 465.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 467.6 m 566.5 467.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 486.5 465.6 m 566.5 465.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 230.40 535.83 Td (PlanCategory) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.00 591.83 Td (Number) Tj ET Q q 0 0 0 rg BT 348.30 591.83 Td ( of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 312.50 583.83 Td (Securitiestobe) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.25 575.83 Td (Issued Upon) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 319.80 567.83 Td (Exer) Tj ET Q q 0 0 0 rg BT 336.09 567.83 Td (cise of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 317.15 559.83 Td (Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 323.90 551.83 Td (Options,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 314.60 543.83 Td (W) Tj ET Q q 0 0 0 rg BT 322.16 543.83 Td (arrants and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 327.35 535.83 Td (Rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 400.50 583.83 Td (W) Tj ET Q q 0 0 0 rg BT 408.06 583.83 Td (eighted-A) Tj ET Q q 0 0 0 rg BT 440.79 583.83 Td (verage) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 407.75 575.83 Td (Exer) Tj ET Q q 0 0 0 rg BT 424.04 575.83 Td (cise Price) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 428.65 567.83 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.65 559.83 Td (Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.40 551.83 Td (Options,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 415.55 543.83 Td (W) Tj ET Q q 0 0 0 rg BT 423.11 543.83 Td (arrants) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 413.40 535.83 Td (and Rights) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 489.85 599.83 Td (Number) Tj ET Q q 0 0 0 rg BT 518.15 599.83 Td (ofSecurities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.60 591.83 Td (Remaining ) Tj ET Q q 0 0 0 rg BT 529.49 591.83 Td (A) Tj ET Q q 0 0 0 rg BT 534.68 591.83 Td (vailable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.55 583.83 Td (for) Tj ET Q q 0 0 0 rg BT 502.62 583.83 Td ( Futur) Tj ET Q q 0 0 0 rg BT 524.48 583.83 Td (e Issuance) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.60 575.83 Td (Under) Tj ET Q q 0 0 0 rg BT 524.23 575.83 Td ( Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 490.95 567.83 Td (Compensation Plans) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 507.30 559.83 Td (\(Excluding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.30 551.83 Td (Securities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 499.30 543.83 Td (Reflected in the) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 497.65 535.83 Td (Second Column\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 522.17 Td (Equity compensation plans approved) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 512.17 Td (by security holders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.00 521.27 Td (EquityIncentive) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.00 511.27 Td (Plan ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 240.78 515.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 511.27 Td (101,089) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 381.00 520.69 Td (\(2\)) Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 381.00 514.69 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 511.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 511.27 Td () Tj ET Q BT /F1 6.00 Tf ET q 0 0 0 rg BT 475.00 517.69 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 511.27 Td (9,898,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 497.17 Td (Equity compensation plans not) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 487.17 Td (approved by security holders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.00 486.27 Td (None) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.65 486.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 486.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 486.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 486.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 486.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.00 472.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 471.27 Td (101,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 471.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.00 471.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.65 471.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.00 471.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.65 471.27 Td (9,898,911) Tj ET Q BT /F1 10.00 Tf ET BT /F1 5.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (_____________________________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 443.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 89.75 443.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 118.12 443.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 157.02 443.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 178.99 443.10 Td (as ) Tj ET Q q 0 0 0 rg BT 189.02 443.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 226.82 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.95 443.10 Td (restated, ) Tj ET Q q 0 0 0 rg BT 278.25 443.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.38 443.10 Td (ef) Tj ET Q q 0 0 0 rg BT 301.97 443.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 330.87 443.10 Td (March ) Tj ET Q q 0 0 0 rg BT 358.67 443.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 367.87 443.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 389.57 443.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 406.82 443.10 Td ("Equity ) Tj ET Q q 0 0 0 rg BT 439.26 443.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 478.16 443.10 Td (Plan"\), ) Tj ET Q q 0 0 0 rg BT 507.55 443.10 Td (was ) Tj ET Q q 0 0 0 rg BT 524.80 443.10 Td (approved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 431.10 Td (by ) Tj ET Q q 0 0 0 rg BT 84.58 431.10 Td (our ) Tj ET Q q 0 0 0 rg BT 99.99 431.10 Td (security ) Tj ET Q q 0 0 0 rg BT 133.72 431.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 165.24 431.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.64 431.10 Td (April ) Tj ET Q q 0 0 0 rg BT 197.83 431.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 222.41 431.10 Td (See ) Tj ET Q q 0 0 0 rg BT 238.92 431.10 Td (Note14 ) Tj ET Q q 0 0 0 rg BT 289.88 431.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 332.50 431.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 357.36 431.10 Td (Units ) Tj ET Q q 0 0 0 rg BT 385.54 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.95 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.25 431.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 465.10 431.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 504.39 431.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 550.35 431.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 419.10 Td (a ) Tj ET Q q 0 0 0 rg BT 79.44 419.10 Td (description ) Tj ET Q q 0 0 0 rg BT 126.37 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.20 419.10 Td (our ) Tj ET Q q 0 0 0 rg BT 153.03 419.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 182.20 419.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 221.90 419.10 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 398.10 Td (Includes ) Tj ET Q q 0 0 0 rg BT 109.05 398.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 140.04 398.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 172.70 398.10 Td (after ) Tj ET Q q 0 0 0 rg BT 193.69 398.10 Td (March ) Tj ET Q q 0 0 0 rg BT 222.46 398.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 232.63 398.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 255.30 398.10 Td (under ) Tj ET Q q 0 0 0 rg BT 280.74 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.63 398.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 320.52 398.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.52 398.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.41 398.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 375.75 398.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 415.63 398.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 438.58 398.10 Td (which ) Tj ET Q q 0 0 0 rg BT 465.69 398.10 Td (had ) Tj ET Q q 0 0 0 rg BT 482.80 398.10 Td (not ) Tj ET Q q 0 0 0 rg BT 498.25 398.10 Td (been ) Tj ET Q q 0 0 0 rg BT 519.80 398.10 Td (previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 386.10 Td (authorized, ) Tj ET Q q 0 0 0 rg BT 118.79 386.10 Td (less ) Tj ET Q q 0 0 0 rg BT 135.37 386.10 Td (units ) Tj ET Q q 0 0 0 rg BT 156.41 386.10 Td (canceled, ) Tj ET Q q 0 0 0 rg BT 195.46 386.10 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 231.47 386.10 Td (or ) Tj ET Q q 0 0 0 rg BT 241.39 386.10 Td (that ) Tj ET Q q 0 0 0 rg BT 257.97 386.10 Td (failed ) Tj ET Q q 0 0 0 rg BT 282.32 386.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.69 386.10 Td (vest, ) Tj ET Q q 0 0 0 rg BT 311.88 386.10 Td (or ) Tj ET Q q 0 0 0 rg BT 321.80 386.10 Td (that ) Tj ET Q q 0 0 0 rg BT 338.38 386.10 Td (for ) Tj ET Q q 0 0 0 rg BT 351.62 386.10 Td (any ) Tj ET Q q 0 0 0 rg BT 367.65 386.10 Td (other ) Tj ET Q q 0 0 0 rg BT 389.78 386.10 Td (reason ) Tj ET Q q 0 0 0 rg BT 417.46 386.10 Td (were ) Tj ET Q q 0 0 0 rg BT 438.48 386.10 Td (not ) Tj ET Q q 0 0 0 rg BT 452.84 386.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 471.65 386.10 Td (or ) Tj ET Q q 0 0 0 rg BT 481.56 386.10 Td (delivered. ) Tj ET Q q 0 0 0 rg BT 525.35 386.10 Td (Excludes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 374.10 Td (3,622,040 ) Tj ET Q q 0 0 0 rg BT 114.70 374.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 141.89 374.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 187.41 374.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 217.93 374.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 250.12 374.10 Td (under ) Tj ET Q q 0 0 0 rg BT 275.09 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.50 374.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 313.92 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.45 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.87 374.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 367.73 374.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 407.13 374.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 427.11 374.10 Td (as ) Tj ET Q q 0 0 0 rg BT 437.64 374.10 Td (in ) Tj ET Q q 0 0 0 rg BT 447.62 374.10 Td (ef) Tj ET Q q 0 0 0 rg BT 455.21 374.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 472.39 374.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 494.03 374.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.01 374.10 Td (March ) Tj ET Q q 0 0 0 rg BT 532.31 374.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 542.01 374.10 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 362.10 Td (that ) Tj ET Q q 0 0 0 rg BT 90.00 362.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 120.26 362.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 169.42 362.10 Td (as ) Tj ET Q q 0 0 0 rg BT 180.25 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.08 362.10 Td (December ) Tj ET Q q 0 0 0 rg BT 234.67 362.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 249.67 362.10 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 341.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 341.10 Td (Excludes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.78 341.10 Td (1,999,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.78 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.40 341.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 194.23 341.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 217.96 341.10 Td (units ) Tj ET Q q 0 0 0 rg BT 240.04 341.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 272.65 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.05 341.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 328.44 341.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 375.50 341.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.90 341.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 444.61 341.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.61 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 467.24 341.10 Td (as ) Tj ET Q q 0 0 0 rg BT 478.19 341.10 Td (part ) Tj ET Q q 0 0 0 rg BT 496.36 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.32 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 523.27 341.10 Td (long ) Tj ET Q q 0 0 0 rg BT 543.67 341.10 Td (term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 329.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 111.65 329.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 142.47 329.10 Td (under ) Tj ET Q q 0 0 0 rg BT 167.74 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.46 329.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 211.62 329.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 251.32 329.10 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 308.10 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 308.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.90 308.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 130.95 308.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 154.90 308.10 Td (units ) Tj ET Q q 0 0 0 rg BT 177.20 308.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 213.91 308.10 Td (under ) Tj ET Q q 0 0 0 rg BT 239.53 308.10 Td (our ) Tj ET Q q 0 0 0 rg BT 255.71 308.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 285.22 308.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 325.27 308.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 345.90 308.10 Td (were ) Tj ET Q q 0 0 0 rg BT 368.18 308.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 401.01 308.10 Td (at ) Tj ET Q q 0 0 0 rg BT 411.07 308.10 Td (no ) Tj ET Q q 0 0 0 rg BT 423.92 308.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 442.88 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.50 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 468.57 308.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 501.97 308.10 Td (receiving ) Tj ET Q q 0 0 0 rg BT 542.02 308.10 Td (them ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.44 296.10 Td (do ) Tj ET Q q 0 0 0 rg BT 101.94 296.10 Td (not ) Tj ET Q q 0 0 0 rg BT 117.22 296.10 Td (have ) Tj ET Q q 0 0 0 rg BT 138.59 296.10 Td (an ) Tj ET Q q 0 0 0 rg BT 150.53 296.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 185.79 296.10 Td (price.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 272.10 Td (Item 13.Certain Relationships and Related ) Tj ET Q q 0 0 0 rg BT 239.26 272.10 Td (T) Tj ET Q q 0 0 0 rg BT 245.19 272.10 Td (ransactions, and Dir) Tj ET Q q 0 0 0 rg BT 331.96 272.10 Td (ector) Tj ET Q q 0 0 0 rg BT 353.43 272.10 Td ( Independence) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 251.10 Td (CER) Tj ET Q q 0 0 0 rg BT 70.76 251.10 Td (T) Tj ET Q q 0 0 0 rg BT 76.69 251.10 Td (AIN RELA) Tj ET Q q 0 0 0 rg BT 124.57 251.10 Td (TIONSHIPS ) Tj ET Q q 0 0 0 rg BT 180.98 251.10 Td (AND RELA) Tj ET Q q 0 0 0 rg BT 232.18 251.10 Td (TED ) Tj ET Q q 0 0 0 rg BT 255.06 251.10 Td (TRANSACTIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 230.10 Td (W) Tj ET Q q 0 0 0 rg BT 72.14 230.10 Td (e ) Tj ET Q q 0 0 0 rg BT 79.36 230.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 121.00 230.10 Td (that ) Tj ET Q q 0 0 0 rg BT 138.78 230.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 189.32 230.10 Td (between ) Tj ET Q q 0 0 0 rg BT 225.42 230.10 Td (us ) Tj ET Q q 0 0 0 rg BT 237.09 230.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.31 230.10 Td (any ) Tj ET Q q 0 0 0 rg BT 271.53 230.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.64 230.10 Td (our ) Tj ET Q q 0 0 0 rg BT 298.75 230.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 336.52 230.10 Td (or ) Tj ET Q q 0 0 0 rg BT 347.63 230.10 Td (executives ) Tj ET Q q 0 0 0 rg BT 392.61 230.10 Td (can ) Tj ET Q q 0 0 0 rg BT 409.27 230.10 Td (present ) Tj ET Q q 0 0 0 rg BT 440.92 230.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 478.70 230.10 Td (or ) Tj ET Q q 0 0 0 rg BT 489.81 230.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 516.46 230.10 Td (conflicts ) Tj ET Q q 0 0 0 rg BT 553.67 230.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 218.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 81.88 218.10 Td (or ) Tj ET Q q 0 0 0 rg BT 92.66 218.10 Td (create ) Tj ET Q q 0 0 0 rg BT 118.97 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.63 218.10 Td (appearance ) Tj ET Q q 0 0 0 rg BT 181.04 218.10 Td (that ) Tj ET Q q 0 0 0 rg BT 198.49 218.10 Td (our ) Tj ET Q q 0 0 0 rg BT 214.26 218.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 253.93 218.10 Td (are ) Tj ET Q q 0 0 0 rg BT 268.58 218.10 Td (based ) Tj ET Q q 0 0 0 rg BT 293.80 218.10 Td (on ) Tj ET Q q 0 0 0 rg BT 306.25 218.10 Td (considerations ) Tj ET Q q 0 0 0 rg BT 366.46 218.10 Td (other ) Tj ET Q q 0 0 0 rg BT 389.45 218.10 Td (than ) Tj ET Q q 0 0 0 rg BT 409.12 218.10 Td (what ) Tj ET Q q 0 0 0 rg BT 431.00 218.10 Td (is ) Tj ET Q q 0 0 0 rg BT 440.12 218.10 Td (in ) Tj ET Q q 0 0 0 rg BT 450.35 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.01 218.10 Td (best ) Tj ET Q q 0 0 0 rg BT 483.57 218.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 519.34 218.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.12 218.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.78 218.10 Td (firm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 206.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 206.10 Td (our ) Tj ET Q q 0 0 0 rg BT 82.77 206.10 Td (stockholders. ) Tj ET Q q 0 0 0 rg BT 138.13 206.10 Td (W) Tj ET Q q 0 0 0 rg BT 146.77 206.10 Td (e ) Tj ET Q q 0 0 0 rg BT 153.71 206.10 Td (also ) Tj ET Q q 0 0 0 rg BT 172.32 206.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 213.68 206.10 Td (that ) Tj ET Q q 0 0 0 rg BT 231.18 206.10 Td (at ) Tj ET Q q 0 0 0 rg BT 240.89 206.10 Td (times, ) Tj ET Q q 0 0 0 rg BT 267.56 206.10 Td (such ) Tj ET Q q 0 0 0 rg BT 288.39 206.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 338.65 206.10 Td (may ) Tj ET Q q 0 0 0 rg BT 358.37 206.10 Td (actually ) Tj ET Q q 0 0 0 rg BT 392.52 206.10 Td (be ) Tj ET Q q 0 0 0 rg BT 404.46 206.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.74 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.45 206.10 Td (best ) Tj ET Q q 0 0 0 rg BT 448.06 206.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 483.89 206.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.72 206.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.43 206.10 Td (Company) Tj ET Q q 0 0 0 rg BT 547.67 206.10 Td (. ) Tj ET Q q 0 0 0 rg BT 552.67 206.10 Td ( ) Tj ET Q BT /F1 1.00 Tf ET q 0 0 0 rg BT 555.17 206.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 182.10 Td (Related Person ) Tj ET Q q 0 0 0 rg BT 117.03 182.10 Td (T) Tj ET Q q 0 0 0 rg BT 122.95 182.10 Td (ransaction Policy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 161.10 Td (W) Tj ET Q q 0 0 0 rg BT 72.14 161.10 Td (e ) Tj ET Q q 0 0 0 rg BT 80.45 161.10 Td (have ) Tj ET Q q 0 0 0 rg BT 103.21 161.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 138.74 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 147.06 161.10 Td (written ) Tj ET Q q 0 0 0 rg BT 179.26 161.10 Td (related ) Tj ET Q q 0 0 0 rg BT 210.34 161.10 Td (person ) Tj ET Q q 0 0 0 rg BT 240.88 161.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 288.63 161.10 Td (policy) Tj ET Q q 0 0 0 rg BT 312.98 161.10 Td (, ) Tj ET Q q 0 0 0 rg BT 319.36 161.10 Td (which ) Tj ET Q q 0 0 0 rg BT 347.67 161.10 Td (is ) Tj ET Q q 0 0 0 rg BT 358.22 161.10 Td (administered ) Tj ET Q q 0 0 0 rg BT 413.75 161.10 Td (by ) Tj ET Q q 0 0 0 rg BT 427.63 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.73 161.10 Td (Nominating ) Tj ET Q q 0 0 0 rg BT 495.38 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.69 161.10 Td (Governance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 98.26 149.10 Td (This ) Tj ET Q q 0 0 0 rg BT 117.46 149.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 143.87 149.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 173.62 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.82 149.10 Td (any ) Tj ET Q q 0 0 0 rg BT 198.68 149.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 243.97 149.10 Td (or ) Tj ET Q q 0 0 0 rg BT 253.72 149.10 Td (series ) Tj ET Q q 0 0 0 rg BT 277.91 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.66 149.10 Td (related ) Tj ET Q q 0 0 0 rg BT 316.28 149.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 365.47 149.10 Td (or ) Tj ET Q q 0 0 0 rg BT 375.22 149.10 Td (any ) Tj ET Q q 0 0 0 rg BT 391.08 149.10 Td (material ) Tj ET Q q 0 0 0 rg BT 425.26 149.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 473.33 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.53 149.10 Td (any ) Tj ET Q q 0 0 0 rg BT 498.39 149.10 Td (such ) Tj ET Q q 0 0 0 rg BT 518.14 149.10 Td (transaction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 90.78 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 97.67 137.10 Td (related ) Tj ET Q q 0 0 0 rg BT 127.32 137.10 Td (person ) Tj ET Q q 0 0 0 rg BT 156.43 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.32 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.98 137.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 229.32 137.10 Td (or ) Tj ET Q q 0 0 0 rg BT 240.10 137.10 Td (any ) Tj ET Q q 0 0 0 rg BT 256.98 137.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 300.54 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.32 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.99 137.10 Td (Company) Tj ET Q q 0 0 0 rg BT 364.22 137.10 Td (. ) Tj ET Q q 0 0 0 rg BT 369.17 137.10 Td (For ) Tj ET Q q 0 0 0 rg BT 385.51 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.18 137.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 438.18 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.96 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.62 137.10 Td (policy) Tj ET Q q 0 0 0 rg BT 487.97 137.10 Td (, ) Tj ET Q q 0 0 0 rg BT 492.92 137.10 Td (related ) Tj ET Q q 0 0 0 rg BT 527.01 137.10 Td (persons ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 125.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 80.27 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.09 125.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 131.89 125.10 Td (of) Tj ET Q q 0 0 0 rg BT 140.04 125.10 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 167.24 125.10 Td (directors, ) Tj ET Q q 0 0 0 rg BT 207.21 125.10 Td (director ) Tj ET Q q 0 0 0 rg BT 240.80 125.10 Td (nominees, ) Tj ET Q q 0 0 0 rg BT 284.11 125.10 Td (any ) Tj ET Q q 0 0 0 rg BT 301.04 125.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 350.19 125.10 Td (beneficially ) Tj ET Q q 0 0 0 rg BT 399.87 125.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 432.36 125.10 Td (more ) Tj ET Q q 0 0 0 rg BT 455.40 125.10 Td (than ) Tj ET Q q 0 0 0 rg BT 475.11 125.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 490.93 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 501.75 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.46 125.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.12 125.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 113.10 Td (common ) Tj ET Q q 0 0 0 rg BT 87.04 113.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 112.69 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.17 113.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 173.42 113.10 Td (family ) Tj ET Q q 0 0 0 rg BT 201.57 113.10 Td (members ) Tj ET Q q 0 0 0 rg BT 240.27 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.64 113.10 Td (any ) Tj ET Q q 0 0 0 rg BT 267.12 113.10 Td (such ) Tj ET Q q 0 0 0 rg BT 287.50 113.10 Td (persons. ) Tj ET Q q 0 0 0 rg BT 322.59 113.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 349.63 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.89 113.10 Td (policy) Tj ET Q q 0 0 0 rg BT 388.23 113.10 Td (, ) Tj ET Q q 0 0 0 rg BT 392.78 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.04 113.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 452.95 113.10 Td (will ) Tj ET Q q 0 0 0 rg BT 470.55 113.10 Td (be ) Tj ET Q q 0 0 0 rg BT 482.03 113.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 515.71 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.53 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.79 113.10 Td (Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 101.10 Td (Legal ) Tj ET Q q 0 0 0 rg BT 74.49 101.10 Td (Of) Tj ET Q q 0 0 0 rg BT 84.86 101.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 102.78 101.10 Td (, ) Tj ET Q q 0 0 0 rg BT 107.00 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.94 101.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 144.89 101.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 186.59 101.10 Td (Of) Tj ET Q q 0 0 0 rg BT 196.97 101.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 217.01 101.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 244.28 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.22 101.10 Td (Nominating ) Tj ET Q q 0 0 0 rg BT 307.72 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.89 101.10 Td (Governance ) Tj ET Q q 0 0 0 rg BT 373.92 101.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 420.08 101.10 Td (for ) Tj ET Q q 0 0 0 rg BT 433.47 101.10 Td (review ) Tj ET Q q 0 0 0 rg BT 462.40 101.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 505.78 101.10 Td (on ) Tj ET Q q 0 0 0 rg BT 517.51 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.45 101.10 Td (identity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.26 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.42 89.10 Td (related ) Tj ET Q q 0 0 0 rg BT 110.99 89.10 Td (person. ) Tj ET Q q 0 0 0 rg BT 147.52 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.46 89.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 173.39 89.10 Td (reviewer ) Tj ET Q q 0 0 0 rg BT 211.30 89.10 Td (will ) Tj ET Q q 0 0 0 rg BT 229.79 89.10 Td (review) Tj ET Q q 0 0 0 rg BT 256.35 89.10 Td (, ) Tj ET Q q 0 0 0 rg BT 261.79 89.10 Td (approve ) Tj ET Q q 0 0 0 rg BT 296.93 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 308.19 89.10 Td (ratify ) Tj ET Q q 0 0 0 rg BT 332.78 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.93 89.10 Td (transaction, ) Tj ET Q q 0 0 0 rg BT 397.24 89.10 Td (taking ) Tj ET Q q 0 0 0 rg BT 425.17 89.10 Td (into ) Tj ET Q q 0 0 0 rg BT 443.66 89.10 Td (account ) Tj ET Q q 0 0 0 rg BT 477.69 89.10 Td (all ) Tj ET Q q 0 0 0 rg BT 490.62 89.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 525.76 89.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 547.57 89.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 77.10 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 111.75 77.10 Td (including ) Tj ET Q q 0 0 0 rg BT 152.13 77.10 Td (without ) Tj ET Q q 0 0 0 rg BT 185.30 77.10 Td (limitation ) Tj ET Q q 0 0 0 rg BT 226.79 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.62 77.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 291.42 77.10 Td (reasonableness, ) Tj ET Q q 0 0 0 rg BT 356.51 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.33 77.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 401.71 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.75 77.10 Td (perceived ) Tj ET Q q 0 0 0 rg BT 460.23 77.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 490.60 77.10 Td (or ) Tj ET Q q 0 0 0 rg BT 501.54 77.10 Td (lack ) Tj ET Q q 0 0 0 rg BT 520.80 77.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 554.23 77.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.92 65.10 Td (Company) Tj ET Q q 0 0 0 rg BT 102.16 65.10 Td (, ) Tj ET Q q 0 0 0 rg BT 106.36 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 120.28 65.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 166.97 65.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 194.22 65.10 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 242.59 65.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 264.29 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.32 65.10 Td (alternate ) Tj ET Q q 0 0 0 rg BT 310.45 65.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 362.41 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.33 65.10 Td (materiality ) Tj ET Q q 0 0 0 rg BT 421.35 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 437.49 65.10 Td (character ) Tj ET Q q 0 0 0 rg BT 475.83 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 485.86 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.78 65.10 Td (related ) Tj ET Q q 0 0 0 rg BT 528.68 65.10 Td (person) Tj ET Q q 0 0 0 rg BT 558.12 65.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 53.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 75.20 53.10 Td (or ) Tj ET Q q 0 0 0 rg BT 85.96 53.10 Td (indirect ) Tj ET Q q 0 0 0 rg BT 118.94 53.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 153.31 53.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.18 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.83 53.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 211.14 53.10 Td (or ) Tj ET Q q 0 0 0 rg BT 221.90 53.10 Td (apparent ) Tj ET Q q 0 0 0 rg BT 258.76 53.10 Td (conflict ) Tj ET Q q 0 0 0 rg BT 291.73 53.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.50 53.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 334.37 53.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.13 53.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.78 53.10 Td (related ) Tj ET Q q 0 0 0 rg BT 389.42 53.10 Td (person. ) Tj ET Q q 0 0 0 rg BT 421.01 53.10 Td (No ) Tj ET Q q 0 0 0 rg BT 435.67 53.10 Td (reviewer ) Tj ET Q q 0 0 0 rg BT 473.08 53.10 Td (may ) Tj ET Q q 0 0 0 rg BT 492.73 53.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 537.36 53.10 Td (in ) Tj ET Q q 0 0 0 rg BT 547.57 53.10 Td (any ) Tj ET Q endstream endobj 127 0 obj <> endobj 128 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (review) Tj ET Q q 0 0 0 rg BT 76.56 742.10 Td (, ) Tj ET Q q 0 0 0 rg BT 81.94 742.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 119.80 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 131.01 742.10 Td (ratification ) Tj ET Q q 0 0 0 rg BT 177.75 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.96 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 206.28 742.10 Td (related ) Tj ET Q q 0 0 0 rg BT 236.36 742.10 Td (person ) Tj ET Q q 0 0 0 rg BT 265.90 742.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 312.65 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 323.31 742.10 Td (which ) Tj ET Q q 0 0 0 rg BT 350.62 742.10 Td (such ) Tj ET Q q 0 0 0 rg BT 371.83 742.10 Td (reviewer ) Tj ET Q q 0 0 0 rg BT 409.69 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 420.89 742.10 Td (any ) Tj ET Q q 0 0 0 rg BT 438.21 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.42 742.10 Td (his ) Tj ET Q q 0 0 0 rg BT 463.97 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 475.18 742.10 Td (her ) Tj ET Q q 0 0 0 rg BT 490.82 742.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 535.91 742.10 Td (family ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (members ) Tj ET Q q 0 0 0 rg BT 88.93 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 97.88 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.38 730.10 Td (related ) Tj ET Q q 0 0 0 rg BT 141.86 730.10 Td (person. ) Tj ET Q q 0 0 0 rg BT 172.79 730.10 Td (All ) Tj ET Q q 0 0 0 rg BT 187.85 730.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 249.55 730.10 Td (by ) Tj ET Q q 0 0 0 rg BT 261.83 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.33 730.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 300.82 730.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 343.08 730.10 Td (Of) Tj ET Q q 0 0 0 rg BT 353.45 730.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 374.04 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 384.65 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.15 730.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 423.64 730.10 Td (Legal ) Tj ET Q q 0 0 0 rg BT 448.68 730.10 Td (Of) Tj ET Q q 0 0 0 rg BT 459.05 730.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 479.65 730.10 Td (under ) Tj ET Q q 0 0 0 rg BT 504.69 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.19 730.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 546.46 730.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.94 718.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 97.75 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.03 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.75 718.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 169.69 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 179.40 718.10 Td (its ) Tj ET Q q 0 0 0 rg BT 191.35 718.10 Td (next ) Tj ET Q q 0 0 0 rg BT 211.07 718.10 Td (regularly ) Tj ET Q q 0 0 0 rg BT 249.66 718.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 292.15 718.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 326.86 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 337.69 718.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 365.72 718.10 Td (if ) Tj ET Q q 0 0 0 rg BT 374.33 718.10 Td (appropriate. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 85.09 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 91.02 694.10 Td (ransactions Involving Our) Tj ET Q q 0 0 0 rg BT 203.08 694.10 Td ( Dir) Tj ET Q q 0 0 0 rg BT 219.83 694.10 Td (ectors and Executive Officers ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (Other Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 652.10 Td (Robert ) Tj ET Q q 0 0 0 rg BT 92.85 652.10 Td (F) Tj ET Q q 0 0 0 rg BT 97.61 652.10 Td (. ) Tj ET Q q 0 0 0 rg BT 102.24 652.10 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 144.64 652.10 Td (founder) Tj ET Q q 0 0 0 rg BT 175.34 652.10 Td (, ) Tj ET Q q 0 0 0 rg BT 179.97 652.10 Td (Chairman, ) Tj ET Q q 0 0 0 rg BT 224.04 652.10 Td (director ) Tj ET Q q 0 0 0 rg BT 257.26 652.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.83 652.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 314.84 652.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.30 652.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.65 652.10 Td (Company) Tj ET Q q 0 0 0 rg BT 377.89 652.10 Td (, ) Tj ET Q q 0 0 0 rg BT 382.52 652.10 Td (actively ) Tj ET Q q 0 0 0 rg BT 416.31 652.10 Td (participates ) Tj ET Q q 0 0 0 rg BT 464.53 652.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.44 652.10 Td (various ) Tj ET Q q 0 0 0 rg BT 506.01 652.10 Td (client ) Tj ET Q q 0 0 0 rg BT 530.35 652.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 640.10 Td (generating ) Tj ET Q q 0 0 0 rg BT 96.17 640.10 Td (engagements ) Tj ET Q q 0 0 0 rg BT 152.34 640.10 Td (as ) Tj ET Q q 0 0 0 rg BT 164.63 640.10 Td (well ) Tj ET Q q 0 0 0 rg BT 185.81 640.10 Td (as ) Tj ET Q q 0 0 0 rg BT 198.11 640.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 229.84 640.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 269.90 640.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.20 640.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.38 640.10 Td (Firm. ) Tj ET Q q 0 0 0 rg BT 324.30 640.10 Td (Consistent ) Tj ET Q q 0 0 0 rg BT 370.49 640.10 Td (with ) Tj ET Q q 0 0 0 rg BT 392.23 640.10 Td (our ) Tj ET Q q 0 0 0 rg BT 409.53 640.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 445.14 640.10 Td (for ) Tj ET Q q 0 0 0 rg BT 460.76 640.10 Td (compensating ) Tj ET Q q 0 0 0 rg BT 520.27 640.10 Td (our ) Tj ET Q q 0 0 0 rg BT 537.57 640.10 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 628.10 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 108.14 628.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 119.81 628.10 Td (.Greenhill ) Tj ET Q q 0 0 0 rg BT 165.45 628.10 Td (was ) Tj ET Q q 0 0 0 rg BT 183.87 628.10 Td (compensated ) Tj ET Q q 0 0 0 rg BT 238.95 628.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.60 628.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 272.47 628.10 Td (on ) Tj ET Q q 0 0 0 rg BT 285.34 628.10 Td (a ) Tj ET Q q 0 0 0 rg BT 292.65 628.10 Td (pay-for) Tj ET Q q 0 0 0 rg BT 321.88 628.10 Td (-performance ) Tj ET Q q 0 0 0 rg BT 378.61 628.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 401.48 628.10 Td (based ) Tj ET Q q 0 0 0 rg BT 427.12 628.10 Td (on ) Tj ET Q q 0 0 0 rg BT 439.99 628.10 Td (his ) Tj ET Q q 0 0 0 rg BT 454.54 628.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 487.39 628.10 Td (contribution ) Tj ET Q q 0 0 0 rg BT 539.14 628.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.79 628.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 616.10 Td (Company) Tj ET Q q 0 0 0 rg BT 88.24 616.10 Td (. ) Tj ET Q q 0 0 0 rg BT 92.60 616.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.47 616.10 Td (In ) Tj ET Q q 0 0 0 rg BT 104.67 616.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 129.03 616.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 140.70 616.10 Td (.Greenhill ) Tj ET Q q 0 0 0 rg BT 185.33 616.10 Td (received ) Tj ET Q q 0 0 0 rg BT 221.06 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.37 616.10 Td (total ) Tj ET Q q 0 0 0 rg BT 247.01 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.21 616.10 Td ($3,895,343 ) Tj ET Q q 0 0 0 rg BT 304.07 616.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.72 616.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 373.63 616.10 Td (including ) Tj ET Q q 0 0 0 rg BT 413.27 616.10 Td (a ) Tj ET Q q 0 0 0 rg BT 419.57 616.10 Td (base ) Tj ET Q q 0 0 0 rg BT 439.21 616.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 464.95 616.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.15 616.10 Td ($600,000, ) Tj ET Q q 0 0 0 rg BT 517.01 616.10 Td ($2,649,000 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.79 604.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 101.00 604.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 125.11 604.10 Td (units ) Tj ET Q q 0 0 0 rg BT 147.57 604.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 184.44 604.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.23 604.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 218.24 604.10 Td (\(calculated ) Tj ET Q q 0 0 0 rg BT 265.10 604.10 Td (by ) Tj ET Q q 0 0 0 rg BT 278.11 604.10 Td (multiplying ) Tj ET Q q 0 0 0 rg BT 327.79 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.01 604.10 Td (number ) Tj ET Q q 0 0 0 rg BT 376.57 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 387.91 604.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 415.90 604.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 462.24 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.46 604.10 Td (award ) Tj ET Q q 0 0 0 rg BT 504.90 604.10 Td (by ) Tj ET Q q 0 0 0 rg BT 517.91 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.13 604.10 Td (closing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.10 Td (price ) Tj ET Q q 0 0 0 rg BT 73.00 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.34 592.10 Td (our ) Tj ET Q q 0 0 0 rg BT 100.69 592.10 Td (common ) Tj ET Q q 0 0 0 rg BT 138.70 592.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 162.82 592.10 Td (on ) Tj ET Q q 0 0 0 rg BT 175.83 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.06 592.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 222.40 592.10 Td (date ) Tj ET Q q 0 0 0 rg BT 242.07 592.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 264.53 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.32 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.55 592.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 314.11 592.10 Td (date ) Tj ET Q q 0 0 0 rg BT 333.78 592.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.12 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 360.36 592.10 Td (award\) ) Tj ET Q q 0 0 0 rg BT 391.13 592.10 Td (as ) Tj ET Q q 0 0 0 rg BT 402.47 592.10 Td (well ) Tj ET Q q 0 0 0 rg BT 422.70 592.10 Td (as ) Tj ET Q q 0 0 0 rg BT 434.05 592.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 474.28 592.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 520.61 592.10 Td (Payments, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.10 Td (Profit ) Tj ET Q q 0 0 0 rg BT 75.53 580.10 Td (Overrides ) Tj ET Q q 0 0 0 rg BT 117.71 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.90 580.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 173.75 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.83 580.10 Td (a ) Tj ET Q q 0 0 0 rg BT 192.02 580.10 Td (car ) Tj ET Q q 0 0 0 rg BT 206.98 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.17 580.10 Td (driver) Tj ET Q q 0 0 0 rg BT 247.50 580.10 Td (. ) Tj ET Q q 0 0 0 rg BT 252.75 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.30 580.10 Td (The ) Tj ET Q q 0 0 0 rg BT 273.60 580.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 292.46 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.54 580.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 315.21 580.10 Td (.Greenhill's ) Tj ET Q q 0 0 0 rg BT 366.42 580.10 Td (car ) Tj ET Q q 0 0 0 rg BT 381.38 580.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.57 580.10 Td (driver ) Tj ET Q q 0 0 0 rg BT 425.19 580.10 Td (was ) Tj ET Q q 0 0 0 rg BT 443.50 580.10 Td ($176,524 ) Tj ET Q q 0 0 0 rg BT 483.75 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 494.28 580.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 517.03 580.10 Td (\(comprised ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 96.07 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.14 568.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 165.43 568.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 200.38 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.91 568.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 241.97 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.04 568.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 264.71 568.10 Td (.Greenhill) Tj ET Q q 0 0 0 rg BT 310.25 568.10 Td (s ) Tj ET Q q 0 0 0 rg BT 316.89 568.10 Td (driver) Tj ET Q q 0 0 0 rg BT 340.37 568.10 Td (, ) Tj ET Q q 0 0 0 rg BT 345.61 568.10 Td (who ) Tj ET Q q 0 0 0 rg BT 365.58 568.10 Td (is ) Tj ET Q q 0 0 0 rg BT 375.00 568.10 Td (our ) Tj ET Q q 0 0 0 rg BT 391.07 568.10 Td (employee\). ) Tj ET Q q 0 0 0 rg BT 438.52 568.10 Td (In ) Tj ET Q q 0 0 0 rg BT 449.60 568.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 487.61 568.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 499.28 568.10 Td (.Greenhill ) Tj ET Q q 0 0 0 rg BT 544.79 568.10 Td (uses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.17 556.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 91.76 556.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 120.15 556.10 Td (by ) Tj ET Q q 0 0 0 rg BT 131.88 556.10 Td (us ) Tj ET Q q 0 0 0 rg BT 142.51 556.10 Td (for ) Tj ET Q q 0 0 0 rg BT 155.90 556.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 191.51 556.10 Td (travel; ) Tj ET Q q 0 0 0 rg BT 218.78 556.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 230.45 556.10 Td (.Greenhill ) Tj ET Q q 0 0 0 rg BT 274.94 556.10 Td (reimburses ) Tj ET Q q 0 0 0 rg BT 320.55 556.10 Td (us ) Tj ET Q q 0 0 0 rg BT 331.17 556.10 Td (for ) Tj ET Q q 0 0 0 rg BT 344.57 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.51 556.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 380.24 556.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 423.07 556.10 Td (with ) Tj ET Q q 0 0 0 rg BT 442.58 556.10 Td (his ) Tj ET Q q 0 0 0 rg BT 455.98 556.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 491.59 556.10 Td (use ) Tj ET Q q 0 0 0 rg BT 506.65 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.71 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.66 556.10 Td (aircraft. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (See ) Tj ET Q q 0 0 0 rg BT 66.58 544.10 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 71.02 544.10 Td (Use ) Tj ET Q q 0 0 0 rg BT 88.71 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 98.63 544.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 142.29 544.10 Td (Air) Tj ET Q q 0 0 0 rg BT 154.69 544.10 Td (craft) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.58 544.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.16 544.10 Td (below) Tj ET Q q 0 0 0 rg BT 203.95 544.10 Td (. ) Tj ET Q q 0 0 0 rg BT 208.44 544.10 Td (These ) Tj ET Q q 0 0 0 rg BT 234.45 544.10 Td (perquisites ) Tj ET Q q 0 0 0 rg BT 279.92 544.10 Td (are ) Tj ET Q q 0 0 0 rg BT 294.27 544.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 331.96 544.10 Td (only ) Tj ET Q q 0 0 0 rg BT 351.88 544.10 Td (to ) Tj ET Q q 0 0 0 rg BT 361.79 544.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 373.46 544.10 Td (.Greenhill, ) Tj ET Q q 0 0 0 rg BT 420.87 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.79 544.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 478.47 544.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.94 544.10 Td (his ) Tj ET Q q 0 0 0 rg BT 502.75 544.10 Td (role ) Tj ET Q q 0 0 0 rg BT 520.44 544.10 Td (as ) Tj ET Q q 0 0 0 rg BT 530.91 544.10 Td (founder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 532.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.66 532.10 Td (Firm. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 511.10 Td (Similar ) Tj ET Q q 0 0 0 rg BT 96.32 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.47 511.10 Td (our ) Tj ET Q q 0 0 0 rg BT 124.17 511.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 181.41 511.10 Td (with ) Tj ET Q q 0 0 0 rg BT 202.56 511.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 233.13 511.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 260.94 511.10 Td (professionals, ) Tj ET Q q 0 0 0 rg BT 319.59 511.10 Td (we ) Tj ET Q q 0 0 0 rg BT 334.62 511.10 Td (have ) Tj ET Q q 0 0 0 rg BT 356.87 511.10 Td (an ) Tj ET Q q 0 0 0 rg BT 369.68 511.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 423.04 511.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 468.06 511.10 Td (with ) Tj ET Q q 0 0 0 rg BT 489.21 511.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 500.88 511.10 Td (.Greenhill ) Tj ET Q q 0 0 0 rg BT 547.02 511.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 87.11 499.10 Td (that ) Tj ET Q q 0 0 0 rg BT 104.79 499.10 Td (he ) Tj ET Q q 0 0 0 rg BT 116.90 499.10 Td (will ) Tj ET Q q 0 0 0 rg BT 135.13 499.10 Td (be ) Tj ET Q q 0 0 0 rg BT 147.25 499.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 167.14 499.10 Td (an ) Tj ET Q q 0 0 0 rg BT 179.25 499.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 208.58 499.10 Td (base ) Tj ET Q q 0 0 0 rg BT 229.03 499.10 Td (salary ) Tj ET Q q 0 0 0 rg BT 255.58 499.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.59 499.10 Td ($600,000, ) Tj ET Q q 0 0 0 rg BT 309.26 499.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 340.26 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 350.72 499.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 380.05 499.10 Td (review ) Tj ET Q q 0 0 0 rg BT 409.93 499.10 Td (by ) Tj ET Q q 0 0 0 rg BT 422.61 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.50 499.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 497.95 499.10 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 547.56 499.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 487.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.62 487.10 Td (he ) Tj ET Q q 0 0 0 rg BT 77.68 487.10 Td (may ) Tj ET Q q 0 0 0 rg BT 96.52 487.10 Td (be ) Tj ET Q q 0 0 0 rg BT 107.58 487.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 143.07 487.10 Td (a ) Tj ET Q q 0 0 0 rg BT 149.14 487.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 174.65 487.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.05 487.10 Td (an ) Tj ET Q q 0 0 0 rg BT 195.11 487.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 226.73 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.14 487.10 Td (be ) Tj ET Q q 0 0 0 rg BT 247.20 487.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 293.80 487.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.20 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.04 487.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 334.78 487.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 375.83 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.79 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.63 487.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 459.02 487.10 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 507.59 487.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 519.26 487.10 Td (.Greenhill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.25 475.10 Td (also ) Tj ET Q q 0 0 0 rg BT 77.94 475.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 110.51 475.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.87 475.10 Td (participate ) Tj ET Q q 0 0 0 rg BT 165.64 475.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.00 475.10 Td (all ) Tj ET Q q 0 0 0 rg BT 188.57 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.48 475.10 Td (our ) Tj ET Q q 0 0 0 rg BT 215.39 475.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 256.85 475.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 287.19 475.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 313.38 475.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 356.23 475.10 Td (without ) Tj ET Q q 0 0 0 rg BT 389.37 475.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 433.33 475.10 Td (our ) Tj ET Q q 0 0 0 rg BT 449.24 475.10 Td (group ) Tj ET Q q 0 0 0 rg BT 475.15 475.10 Td (health, ) Tj ET Q q 0 0 0 rg BT 504.67 475.10 Td (dental ) Tj ET Q q 0 0 0 rg BT 531.68 475.10 Td (and ) Tj ET Q q 0 0 0 rg BT 548.70 475.10 Td (life ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 463.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 90.90 463.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 117.10 463.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 146.35 463.10 Td (Profit ) Tj ET Q q 0 0 0 rg BT 171.71 463.10 Td (Sharing ) Tj ET Q q 0 0 0 rg BT 205.41 463.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 225.78 463.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.80 463.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 272.06 463.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 311.85 463.10 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 334.52 463.10 Td (The ) Tj ET Q q 0 0 0 rg BT 352.66 463.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 405.24 463.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 449.47 463.10 Td (may ) Tj ET Q q 0 0 0 rg BT 469.27 463.10 Td (be ) Tj ET Q q 0 0 0 rg BT 481.30 463.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 526.64 463.10 Td (by ) Tj ET Q q 0 0 0 rg BT 539.23 463.10 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 451.10 Td (party ) Tj ET Q q 0 0 0 rg BT 72.85 451.10 Td (on ) Tj ET Q q 0 0 0 rg BT 85.16 451.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 97.46 451.10 Td (days) Tj ET Q q 0 0 0 rg BT 118.38 451.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.68 451.10 Td (notice. ) Tj ET Q q 0 0 0 rg BT 149.92 451.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 177.22 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.74 451.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 238.18 451.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 249.85 451.10 Td (.Greenhill ) Tj ET Q q 0 0 0 rg BT 294.92 451.10 Td (is ) Tj ET Q q 0 0 0 rg BT 303.90 451.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 334.53 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.61 451.10 Td (limitations ) Tj ET Q q 0 0 0 rg BT 389.69 451.10 Td (on ) Tj ET Q q 0 0 0 rg BT 402.00 451.10 Td (his ) Tj ET Q q 0 0 0 rg BT 415.97 451.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 443.83 451.10 Td (to ) Tj ET Q q 0 0 0 rg BT 453.91 451.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 490.09 451.10 Td (with ) Tj ET Q q 0 0 0 rg BT 510.17 451.10 Td (us ) Tj ET Q q 0 0 0 rg BT 521.37 451.10 Td (during ) Tj ET Q q 0 0 0 rg BT 549.78 451.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 439.10 Td (term ) Tj ET Q q 0 0 0 rg BT 70.48 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.96 439.10 Td (his ) Tj ET Q q 0 0 0 rg BT 94.77 439.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 146.92 439.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.50 439.10 Td (for ) Tj ET Q q 0 0 0 rg BT 177.31 439.10 Td (a ) Tj ET Q q 0 0 0 rg BT 183.90 439.10 Td (three-month ) Tj ET Q q 0 0 0 rg BT 234.92 439.10 Td (period ) Tj ET Q q 0 0 0 rg BT 262.62 439.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 300.37 439.10 Td (. ) Tj ET Q q 0 0 0 rg BT 305.02 439.10 Td (He ) Tj ET Q q 0 0 0 rg BT 318.83 439.10 Td (is ) Tj ET Q q 0 0 0 rg BT 327.65 439.10 Td (also ) Tj ET Q q 0 0 0 rg BT 345.91 439.10 Td (prohibited ) Tj ET Q q 0 0 0 rg BT 389.16 439.10 Td (from ) Tj ET Q q 0 0 0 rg BT 410.75 439.10 Td (soliciting ) Tj ET Q q 0 0 0 rg BT 450.12 439.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 479.47 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.95 439.10 Td (our ) Tj ET Q q 0 0 0 rg BT 505.43 439.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 550.35 439.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 427.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.52 427.10 Td (period ) Tj ET Q q 0 0 0 rg BT 84.14 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.55 427.10 Td (six ) Tj ET Q q 0 0 0 rg BT 108.29 427.10 Td (months ) Tj ET Q q 0 0 0 rg BT 139.82 427.10 Td (following ) Tj ET Q q 0 0 0 rg BT 180.78 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.07 427.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 243.25 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.66 427.10 Td (his ) Tj ET Q q 0 0 0 rg BT 267.40 427.10 Td (employment. ) Tj ET Q q 0 0 0 rg BT 321.97 427.10 Td (In ) Tj ET Q q 0 0 0 rg BT 332.38 427.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 369.73 427.10 Td (he ) Tj ET Q q 0 0 0 rg BT 381.24 427.10 Td (is ) Tj ET Q q 0 0 0 rg BT 389.99 427.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 420.39 427.10 Td (to ) Tj ET Q q 0 0 0 rg BT 430.24 427.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 476.76 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.17 427.10 Td (confidentiality ) Tj ET Q q 0 0 0 rg BT 547.56 427.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 415.10 Td (required ) Tj ET Q q 0 0 0 rg BT 94.99 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.26 415.10 Td (protect ) Tj ET Q q 0 0 0 rg BT 135.53 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.47 415.10 Td (use ) Tj ET Q q 0 0 0 rg BT 168.30 415.10 Td (confidential ) Tj ET Q q 0 0 0 rg BT 218.55 415.10 Td (information ) Tj ET Q q 0 0 0 rg BT 268.27 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.54 415.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 326.01 415.10 Td (with ) Tj ET Q q 0 0 0 rg BT 346.28 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.00 415.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 407.93 415.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 436.53 415.10 Td (by ) Tj ET Q q 0 0 0 rg BT 449.03 415.10 Td (us ) Tj ET Q q 0 0 0 rg BT 460.42 415.10 Td (on ) Tj ET Q q 0 0 0 rg BT 472.92 415.10 Td (its ) Tj ET Q q 0 0 0 rg BT 484.87 415.10 Td (use ) Tj ET Q q 0 0 0 rg BT 500.70 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.64 415.10 Td (disclosure. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 394.10 Td (Use of Corporate ) Tj ET Q q 0 0 0 rg BT 122.68 394.10 Td (Aircraft ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 373.10 Td (Through ) Tj ET Q q 0 0 0 rg BT 101.54 373.10 Td (our ) Tj ET Q q 0 0 0 rg BT 118.48 373.10 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 179.85 373.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 224.56 373.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 265.13 373.10 Td (A) Tj ET Q q 0 0 0 rg BT 271.61 373.10 Td (viation ) Tj ET Q q 0 0 0 rg BT 302.99 373.10 Td (Co., ) Tj ET Q q 0 0 0 rg BT 323.26 373.10 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 348.25 373.10 Td (we ) Tj ET Q q 0 0 0 rg BT 363.52 373.10 Td (own ) Tj ET Q q 0 0 0 rg BT 384.34 373.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.38 373.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 435.41 373.10 Td (an ) Tj ET Q q 0 0 0 rg BT 448.45 373.10 Td (airplane ) Tj ET Q q 0 0 0 rg BT 484.26 373.10 Td (that ) Tj ET Q q 0 0 0 rg BT 502.86 373.10 Td (is ) Tj ET Q q 0 0 0 rg BT 513.13 373.10 Td (used ) Tj ET Q q 0 0 0 rg BT 535.06 373.10 Td (by ) Tj ET Q q 0 0 0 rg BT 548.67 373.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 361.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 96.15 361.10 Td (for ) Tj ET Q q 0 0 0 rg BT 111.20 361.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 170.12 361.10 Td (on ) Tj ET Q q 0 0 0 rg BT 183.51 361.10 Td (business ) Tj ET Q q 0 0 0 rg BT 220.79 361.10 Td (travel ) Tj ET Q q 0 0 0 rg BT 246.94 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.76 361.10 Td (by ) Tj ET Q q 0 0 0 rg BT 278.15 361.10 Td (Robert ) Tj ET Q q 0 0 0 rg BT 308.75 361.10 Td (F) Tj ET Q q 0 0 0 rg BT 313.51 361.10 Td (. ) Tj ET Q q 0 0 0 rg BT 319.40 361.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 360.55 361.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.37 361.10 Td (his ) Tj ET Q q 0 0 0 rg BT 393.43 361.10 Td (family ) Tj ET Q q 0 0 0 rg BT 422.92 361.10 Td (for ) Tj ET Q q 0 0 0 rg BT 437.97 361.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 496.89 361.10 Td (on ) Tj ET Q q 0 0 0 rg BT 510.28 361.10 Td (business ) Tj ET Q q 0 0 0 rg BT 547.56 361.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 86.76 349.10 Td (travel. ) Tj ET Q q 0 0 0 rg BT 114.70 349.10 Td (W) Tj ET Q q 0 0 0 rg BT 123.34 349.10 Td (e ) Tj ET Q q 0 0 0 rg BT 130.67 349.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 150.76 349.10 Td (all ) Tj ET Q q 0 0 0 rg BT 163.64 349.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 186.52 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.74 349.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 238.39 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 253.49 349.10 Td (aircraft, ) Tj ET Q q 0 0 0 rg BT 287.74 349.10 Td (including ) Tj ET Q q 0 0 0 rg BT 328.40 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.50 349.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 362.50 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.71 349.10 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 424.37 349.10 Td (air ) Tj ET Q q 0 0 0 rg BT 437.80 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.12 349.10 Td (ground ) Tj ET Q q 0 0 0 rg BT 486.34 349.10 Td (crews. ) Tj ET Q q 0 0 0 rg BT 514.84 349.10 Td (W) Tj ET Q q 0 0 0 rg BT 523.47 349.10 Td (e ) Tj ET Q q 0 0 0 rg BT 530.80 349.10 Td (have ) Tj ET Q q 0 0 0 rg BT 552.56 349.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 81.41 337.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 116.16 337.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 143.69 337.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.01 337.10 Td (place ) Tj ET Q q 0 0 0 rg BT 177.65 337.10 Td (that ) Tj ET Q q 0 0 0 rg BT 195.19 337.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 212.73 337.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 234.71 337.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 278.36 337.10 Td (for ) Tj ET Q q 0 0 0 rg BT 292.56 337.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 328.98 337.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.96 337.10 Td (business ) Tj ET Q q 0 0 0 rg BT 382.40 337.10 Td (use ) Tj ET Q q 0 0 0 rg BT 398.27 337.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.15 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.91 337.10 Td (airplane. ) Tj ET Q q 0 0 0 rg BT 461.15 337.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 472.82 337.10 Td (.Greenhill ) Tj ET Q q 0 0 0 rg BT 518.13 337.10 Td (reimburses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.18 325.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 107.02 325.10 Td (for ) Tj ET Q q 0 0 0 rg BT 121.64 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.82 325.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 163.65 325.10 Td (out-of-pocket ) Tj ET Q q 0 0 0 rg BT 221.03 325.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 243.99 325.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 288.04 325.10 Td (with ) Tj ET Q q 0 0 0 rg BT 308.78 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.96 325.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 364.68 325.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.97 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.14 325.10 Td (Company) Tj ET Q q 0 0 0 rg BT 432.81 325.10 Td (s ) Tj ET Q q 0 0 0 rg BT 439.66 325.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 471.48 325.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.22 325.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 529.05 325.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.79 325.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 86.46 313.10 Td (use ) Tj ET Q q 0 0 0 rg BT 102.38 313.10 Td (thereof ) Tj ET Q q 0 0 0 rg BT 133.28 313.10 Td (by ) Tj ET Q q 0 0 0 rg BT 145.87 313.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 157.54 313.10 Td (.Greenhill. ) Tj ET Q q 0 0 0 rg BT 205.39 313.10 Td (In ) Tj ET Q q 0 0 0 rg BT 216.31 313.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 241.39 313.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 253.06 313.10 Td (.Greenhill ) Tj ET Q q 0 0 0 rg BT 298.42 313.10 Td (reimbursed ) Tj ET Q q 0 0 0 rg BT 345.99 313.10 Td (us ) Tj ET Q q 0 0 0 rg BT 357.47 313.10 Td ($280,800 ) Tj ET Q q 0 0 0 rg BT 397.55 313.10 Td (for ) Tj ET Q q 0 0 0 rg BT 411.80 313.10 Td (such ) Tj ET Q q 0 0 0 rg BT 432.72 313.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 455.30 313.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 491.21 313.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.57 313.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 526.66 313.10 Td (No ) Tj ET Q q 0 0 0 rg BT 541.47 313.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 95.26 301.10 Td (used ) Tj ET Q q 0 0 0 rg BT 116.09 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.81 301.10 Td (aircraft ) Tj ET Q q 0 0 0 rg BT 162.17 301.10 Td (for ) Tj ET Q q 0 0 0 rg BT 176.33 301.10 Td (personal ) Tj ET Q q 0 0 0 rg BT 212.71 301.10 Td (travel ) Tj ET Q q 0 0 0 rg BT 237.97 301.10 Td (in ) Tj ET Q q 0 0 0 rg BT 248.25 301.10 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 280.10 Td (In ) Tj ET Q q 0 0 0 rg BT 74.16 280.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 111.77 280.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 156.86 280.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.52 280.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 207.62 280.10 Td (from ) Tj ET Q q 0 0 0 rg BT 229.39 280.10 Td (time ) Tj ET Q q 0 0 0 rg BT 249.49 280.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.60 280.10 Td (time ) Tj ET Q q 0 0 0 rg BT 279.71 280.10 Td (use ) Tj ET Q q 0 0 0 rg BT 295.37 280.10 Td (airplanes ) Tj ET Q q 0 0 0 rg BT 333.80 280.10 Td (personally ) Tj ET Q q 0 0 0 rg BT 377.78 280.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 406.77 280.10 Td (by ) Tj ET Q q 0 0 0 rg BT 419.11 280.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 430.78 280.10 Td (.Greenhill ) Tj ET Q q 0 0 0 rg BT 475.87 280.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.86 280.10 Td (business ) Tj ET Q q 0 0 0 rg BT 526.09 280.10 Td (travel. ) Tj ET Q q 0 0 0 rg BT 553.68 280.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.10 Td (those ) Tj ET Q q 0 0 0 rg BT 74.07 268.10 Td (instances, ) Tj ET Q q 0 0 0 rg BT 116.19 268.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 127.86 268.10 Td (.Greenhill ) Tj ET Q q 0 0 0 rg BT 173.59 268.10 Td (invoices ) Tj ET Q q 0 0 0 rg BT 209.88 268.10 Td (us ) Tj ET Q q 0 0 0 rg BT 221.74 268.10 Td (for ) Tj ET Q q 0 0 0 rg BT 236.37 268.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.55 268.10 Td (travel ) Tj ET Q q 0 0 0 rg BT 277.28 268.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 312.45 268.10 Td (on ) Tj ET Q q 0 0 0 rg BT 325.42 268.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 350.60 268.10 Td (we ) Tj ET Q q 0 0 0 rg BT 365.22 268.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 397.06 268.10 Td (are ) Tj ET Q q 0 0 0 rg BT 412.23 268.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 461.84 268.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.58 268.10 Td (those ) Tj ET Q q 0 0 0 rg BT 496.66 268.10 Td (we ) Tj ET Q q 0 0 0 rg BT 511.28 268.10 Td (could ) Tj ET Q q 0 0 0 rg BT 536.46 268.10 Td (secure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 256.10 Td (from ) Tj ET Q q 0 0 0 rg BT 70.91 256.10 Td (an ) Tj ET Q q 0 0 0 rg BT 81.82 256.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 132.17 256.10 Td (third ) Tj ET Q q 0 0 0 rg BT 152.52 256.10 Td (party) Tj ET Q q 0 0 0 rg BT 172.42 256.10 Td (. ) Tj ET Q q 0 0 0 rg BT 176.39 256.10 Td (During ) Tj ET Q q 0 0 0 rg BT 206.20 256.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 230.17 256.10 Td (we ) Tj ET Q q 0 0 0 rg BT 243.30 256.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 261.99 256.10 Td ($39,364 ) Tj ET Q q 0 0 0 rg BT 295.96 256.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.21 256.10 Td (an ) Tj ET Q q 0 0 0 rg BT 316.12 256.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 340.37 256.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 382.38 256.10 Td (by ) Tj ET Q q 0 0 0 rg BT 393.85 256.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 405.52 256.10 Td (.Greenhill ) Tj ET Q q 0 0 0 rg BT 449.76 256.10 Td (on ) Tj ET Q q 0 0 0 rg BT 461.23 256.10 Td (account ) Tj ET Q q 0 0 0 rg BT 493.80 256.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.60 256.10 Td (such ) Tj ET Q q 0 0 0 rg BT 523.40 256.10 Td (expenses. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 235.10 Td (Use of Hangar Space) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.05 235.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 214.10 Td (Riversville ) Tj ET Q q 0 0 0 rg BT 108.94 214.10 Td (Aircraft ) Tj ET Q q 0 0 0 rg BT 142.58 214.10 Td (Corporation, ) Tj ET Q q 0 0 0 rg BT 195.40 214.10 Td (an ) Tj ET Q q 0 0 0 rg BT 206.83 214.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 231.60 214.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 274.14 214.10 Td (by ) Tj ET Q q 0 0 0 rg BT 286.14 214.10 Td (Robert ) Tj ET Q q 0 0 0 rg BT 315.35 214.10 Td (F) Tj ET Q q 0 0 0 rg BT 320.11 214.10 Td (. ) Tj ET Q q 0 0 0 rg BT 324.61 214.10 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 366.87 214.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 386.09 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.52 214.10 Td (reimburses ) Tj ET Q q 0 0 0 rg BT 448.39 214.10 Td (us ) Tj ET Q q 0 0 0 rg BT 459.28 214.10 Td (for ) Tj ET Q q 0 0 0 rg BT 472.94 214.10 Td (a ) Tj ET Q q 0 0 0 rg BT 479.37 214.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 510.25 214.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.58 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.79 214.10 Td (hangar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (space ) Tj ET Q q 0 0 0 rg BT 74.97 202.10 Td (we ) Tj ET Q q 0 0 0 rg BT 89.39 202.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 112.13 202.10 Td (at ) Tj ET Q q 0 0 0 rg BT 122.11 202.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.89 202.10 Td (W) Tj ET Q q 0 0 0 rg BT 145.53 202.10 Td (estchester ) Tj ET Q q 0 0 0 rg BT 187.71 202.10 Td (County ) Tj ET Q q 0 0 0 rg BT 219.31 202.10 Td (Airport. ) Tj ET Q q 0 0 0 rg BT 254.01 202.10 Td (In ) Tj ET Q q 0 0 0 rg BT 265.10 202.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 290.36 202.10 Td (Riversville ) Tj ET Q q 0 0 0 rg BT 336.39 202.10 Td (Aircraft ) Tj ET Q q 0 0 0 rg BT 370.80 202.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 421.88 202.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 441.86 202.10 Td (us ) Tj ET Q q 0 0 0 rg BT 453.51 202.10 Td ($71,100 ) Tj ET Q q 0 0 0 rg BT 488.77 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 499.31 202.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 517.62 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.82 202.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (costs. ) Tj ET Q q 0 0 0 rg BT 74.20 190.10 Td (Riversville ) Tj ET Q q 0 0 0 rg BT 119.40 190.10 Td (Aircraft ) Tj ET Q q 0 0 0 rg BT 152.74 190.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 202.76 190.10 Td (reimburses ) Tj ET Q q 0 0 0 rg BT 248.33 190.10 Td (us ) Tj ET Q q 0 0 0 rg BT 258.92 190.10 Td (for ) Tj ET Q q 0 0 0 rg BT 272.28 190.10 Td (its ) Tj ET Q q 0 0 0 rg BT 283.42 190.10 Td (use ) Tj ET Q q 0 0 0 rg BT 298.45 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.47 190.10 Td (a ) Tj ET Q q 0 0 0 rg BT 314.61 190.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 345.19 190.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.22 190.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.13 190.10 Td (hangar ) Tj ET Q q 0 0 0 rg BT 398.03 190.10 Td (space ) Tj ET Q q 0 0 0 rg BT 421.93 190.10 Td (on ) Tj ET Q q 0 0 0 rg BT 433.63 190.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 457.54 190.10 Td (we ) Tj ET Q q 0 0 0 rg BT 470.90 190.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 501.47 190.10 Td (are ) Tj ET Q q 0 0 0 rg BT 515.37 190.10 Td (comparable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 178.10 Td (those ) Tj ET Q q 0 0 0 rg BT 83.89 178.10 Td (we ) Tj ET Q q 0 0 0 rg BT 98.05 178.10 Td (could ) Tj ET Q q 0 0 0 rg BT 122.76 178.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 150.80 178.10 Td (from ) Tj ET Q q 0 0 0 rg BT 172.74 178.10 Td (an ) Tj ET Q q 0 0 0 rg BT 184.68 178.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 236.05 178.10 Td (third ) Tj ET Q q 0 0 0 rg BT 257.44 178.10 Td (party) Tj ET Q q 0 0 0 rg BT 277.33 178.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 154.10 Td (Relationship with Mer) Tj ET Q q 0 0 0 rg BT 145.93 154.10 Td (chant Banking Funds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 133.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 103.46 133.10 Td (has ) Tj ET Q q 0 0 0 rg BT 118.98 133.10 Td (an ) Tj ET Q q 0 0 0 rg BT 130.61 133.10 Td (indirect ) Tj ET Q q 0 0 0 rg BT 163.34 133.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 194.97 133.10 Td (in ) Tj ET Q q 0 0 0 rg BT 204.94 133.10 Td (two ) Tj ET Q q 0 0 0 rg BT 222.13 133.10 Td (dif) Tj ET Q q 0 0 0 rg BT 233.06 133.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 258.57 133.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 297.96 133.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 332.37 133.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 356.79 133.10 Td (which ) Tj ET Q q 0 0 0 rg BT 383.42 133.10 Td (we ) Tj ET Q q 0 0 0 rg BT 397.27 133.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 418.33 133.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.30 133.10 Td (as ) Tj ET Q q 0 0 0 rg BT 438.82 133.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 478.78 133.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 509.85 133.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 544.81 133.10 Td (I ) Tj ET Q q 0 0 0 rg BT 550.34 133.10 Td (\(or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 121.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 73.57 121.10 Td (I\) ) Tj ET Q q 0 0 0 rg BT 83.25 121.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.70 121.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 141.47 121.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 173.36 121.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 209.14 121.10 Td (II ) Tj ET Q q 0 0 0 rg BT 218.82 121.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 233.49 121.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 257.06 121.10 Td (II\), ) Tj ET Q q 0 0 0 rg BT 272.56 121.10 Td (each ) Tj ET Q q 0 0 0 rg BT 293.89 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.23 121.10 Td (which ) Tj ET Q q 0 0 0 rg BT 332.68 121.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 367.36 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.71 121.10 Td (several ) Tj ET Q q 0 0 0 rg BT 410.03 121.10 Td (related ) Tj ET Q q 0 0 0 rg BT 440.25 121.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 461.59 121.10 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 497.36 121.10 Td (which ) Tj ET Q q 0 0 0 rg BT 524.81 121.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 109.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 76.20 109.10 Td (in ) Tj ET Q q 0 0 0 rg BT 86.30 109.10 Td (parallel ) Tj ET Q q 0 0 0 rg BT 118.59 109.10 Td (on ) Tj ET Q q 0 0 0 rg BT 130.91 109.10 Td (a ) Tj ET Q q 0 0 0 rg BT 137.66 109.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 153.31 109.10 Td (rata ) Tj ET Q q 0 0 0 rg BT 170.61 109.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 192.93 109.10 Td (\(we ) Tj ET Q q 0 0 0 rg BT 210.23 109.10 Td (refer ) Tj ET Q q 0 0 0 rg BT 231.42 109.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.51 109.10 Td (those ) Tj ET Q q 0 0 0 rg BT 264.93 109.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 289.47 109.10 Td (collectively ) Tj ET Q q 0 0 0 rg BT 338.43 109.10 Td (as ) Tj ET Q q 0 0 0 rg BT 349.08 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 363.61 109.10 Td (Funds\). ) Tj ET Q q 0 0 0 rg BT 404.92 109.10 Td (The ) Tj ET Q q 0 0 0 rg BT 422.78 109.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 464.53 109.10 Td (general ) Tj ET Q q 0 0 0 rg BT 496.27 109.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 530.80 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.44 109.10 Td (Fund ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 97.10 Td (I ) Tj ET Q q 0 0 0 rg BT 56.24 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 73.59 97.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 97.06 97.10 Td (II ) Tj ET Q q 0 0 0 rg BT 106.63 97.10 Td (are ) Tj ET Q q 0 0 0 rg BT 121.74 97.10 Td (controlled ) Tj ET Q q 0 0 0 rg BT 165.19 97.10 Td (by ) Tj ET Q q 0 0 0 rg BT 178.10 97.10 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 221.28 97.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.62 97.10 Td (Scott ) Tj ET Q q 0 0 0 rg BT 262.09 97.10 Td (L. ) Tj ET Q q 0 0 0 rg BT 273.61 97.10 Td (Bok, ) Tj ET Q q 0 0 0 rg BT 295.69 97.10 Td (our ) Tj ET Q q 0 0 0 rg BT 311.93 97.10 Td (Chief ) Tj ET Q q 0 0 0 rg BT 337.05 97.10 Td (Executive ) Tj ET Q q 0 0 0 rg BT 379.94 97.10 Td (Of) Tj ET Q q 0 0 0 rg BT 390.31 97.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 408.23 97.10 Td (, ) Tj ET Q q 0 0 0 rg BT 413.64 97.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 448.20 97.10 Td (a ) Tj ET Q q 0 0 0 rg BT 455.55 97.10 Td (member ) Tj ET Q q 0 0 0 rg BT 491.22 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.46 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.59 97.10 Td (Investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 85.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 96.94 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.77 85.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 130.83 85.10 Td (I ) Tj ET Q q 0 0 0 rg BT 136.66 85.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.60 85.10 Td (Fund ) Tj ET Q q 0 0 0 rg BT 176.66 85.10 Td (II. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 64.10 Td (Greenhill) Tj ET Q q 0 0 0 rg BT 104.04 64.10 Td (s ) Tj ET Q q 0 0 0 rg BT 111.39 64.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 157.61 64.10 Td (committed ) Tj ET Q q 0 0 0 rg BT 203.84 64.10 Td (a ) Tj ET Q q 0 0 0 rg BT 211.74 64.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 257.41 64.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 290.86 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.65 64.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 332.76 64.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.00 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.67 64.10 Td (Funds ) Tj ET Q q 0 0 0 rg BT 387.58 64.10 Td (at ) Tj ET Q q 0 0 0 rg BT 398.26 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.93 64.10 Td (time ) Tj ET Q q 0 0 0 rg BT 435.17 64.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.95 64.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.63 64.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 506.62 64.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 538.97 64.10 Td (dates. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 90.74 52.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.16 52.10 Td (those ) Tj ET Q q 0 0 0 rg BT 132.25 52.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 177.99 52.10 Td (who ) Tj ET Q q 0 0 0 rg BT 198.19 52.10 Td (made ) Tj ET Q q 0 0 0 rg BT 222.82 52.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 252.45 52.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 309.87 52.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.63 52.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.82 52.10 Td (Funds ) Tj ET Q q 0 0 0 rg BT 363.25 52.10 Td (have ) Tj ET Q q 0 0 0 rg BT 385.11 52.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 417.51 52.10 Td (into ) Tj ET Q q 0 0 0 rg BT 436.04 52.10 Td (a ) Tj ET Q q 0 0 0 rg BT 443.46 52.10 Td (series ) Tj ET Q q 0 0 0 rg BT 469.21 52.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.52 52.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 529.03 52.10 Td (with ) Tj ET Q q 0 0 0 rg BT 549.79 52.10 Td (the ) Tj ET Q endstream endobj 129 0 obj <> endobj 130 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Funds ) Tj ET Q q 0 0 0 rg BT 76.93 742.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 94.96 742.10 Td (Partnership ) Tj ET Q q 0 0 0 rg BT 146.87 742.10 Td (Agreements\). ) Tj ET Q q 0 0 0 rg BT 207.93 742.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 245.41 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 255.67 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.36 742.10 Td (Partnership ) Tj ET Q q 0 0 0 rg BT 317.84 742.10 Td (Agreements, ) Tj ET Q q 0 0 0 rg BT 371.14 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.83 742.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 416.64 742.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 451.32 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.13 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.83 742.10 Td (Funds ) Tj ET Q q 0 0 0 rg BT 503.76 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 525.11 742.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 554.24 742.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 66.70 730.10 Td (during ) Tj ET Q q 0 0 0 rg BT 95.08 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.56 730.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 162.37 730.10 Td (period ) Tj ET Q q 0 0 0 rg BT 190.19 730.10 Td (an ) Tj ET Q q 0 0 0 rg BT 201.89 730.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 230.81 730.10 Td (management ) Tj ET Q q 0 0 0 rg BT 284.17 730.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 298.64 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.68 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.16 730.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 365.96 730.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 407.66 730.10 Td (general ) Tj ET Q q 0 0 0 rg BT 439.35 730.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 469.93 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.53 730.10 Td (such ) Tj ET Q q 0 0 0 rg BT 501.12 730.10 Td (Funds. ) Tj ET Q q 0 0 0 rg BT 530.34 730.10 Td (Limited ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (partners, ) Tj ET Q q 0 0 0 rg BT 87.25 718.10 Td (including ) Tj ET Q q 0 0 0 rg BT 127.56 718.10 Td (Messrs. ) Tj ET Q q 0 0 0 rg BT 160.94 718.10 Td (Bok ) Tj ET Q q 0 0 0 rg BT 180.15 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 197.13 718.10 Td (Rodriguez, ) Tj ET Q q 0 0 0 rg BT 243.82 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 254.69 718.10 Td (well ) Tj ET Q q 0 0 0 rg BT 274.45 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 285.32 718.10 Td (Mr) Tj ET Q q 0 0 0 rg BT 296.99 718.10 Td (.Greenhill, ) Tj ET Q q 0 0 0 rg BT 344.79 718.10 Td (also ) Tj ET Q q 0 0 0 rg BT 363.44 718.10 Td (agreed ) Tj ET Q q 0 0 0 rg BT 392.63 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.95 718.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 419.93 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 430.25 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.00 718.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 486.98 718.10 Td (general ) Tj ET Q q 0 0 0 rg BT 518.94 718.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 553.69 718.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.37 706.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 90.74 706.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 121.09 706.10 Td (profit ) Tj ET Q q 0 0 0 rg BT 146.46 706.10 Td (overrides. ) Tj ET Q q 0 0 0 rg BT 189.09 706.10 Td (The ) Tj ET Q q 0 0 0 rg BT 207.79 706.10 Td (Partnership ) Tj ET Q q 0 0 0 rg BT 255.79 706.10 Td (Agreements ) Tj ET Q q 0 0 0 rg BT 307.26 706.10 Td (also ) Tj ET Q q 0 0 0 rg BT 326.52 706.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 360.21 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 375.02 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.39 706.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 427.98 706.10 Td (by ) Tj ET Q q 0 0 0 rg BT 441.13 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.50 706.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 487.98 706.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 523.33 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.82 706.10 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.10 694.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 123.42 694.10 Td (by ) Tj ET Q q 0 0 0 rg BT 135.43 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.65 694.10 Td (general ) Tj ET Q q 0 0 0 rg BT 181.08 694.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 211.40 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.84 694.10 Td (for ) Tj ET Q q 0 0 0 rg BT 241.50 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.73 694.10 Td (indemnification ) Tj ET Q q 0 0 0 rg BT 321.04 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.38 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.60 694.10 Td (general ) Tj ET Q q 0 0 0 rg BT 377.03 694.10 Td (partner) Tj ET Q q 0 0 0 rg BT 404.94 694.10 Td (, ) Tj ET Q q 0 0 0 rg BT 409.45 694.10 Td (its ) Tj ET Q q 0 0 0 rg BT 420.90 694.10 Td (af) Tj ET Q q 0 0 0 rg BT 428.49 694.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 457.71 694.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.15 694.10 Td (their ) Tj ET Q q 0 0 0 rg BT 494.48 694.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 539.25 694.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 79.70 682.10 Td (circumstances. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Dir) Tj ET Q q 0 0 0 rg BT 64.26 658.10 Td (ector) Tj ET Q q 0 0 0 rg BT 85.72 658.10 Td ( Independence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 637.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 90.90 637.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 134.39 637.10 Td (New ) Tj ET Q q 0 0 0 rg BT 155.33 637.10 Td (Y) Tj ET Q q 0 0 0 rg BT 161.55 637.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 177.28 637.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 202.47 637.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 244.30 637.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 271.71 637.10 Td (standards, ) Tj ET Q q 0 0 0 rg BT 314.39 637.10 Td (a ) Tj ET Q q 0 0 0 rg BT 321.23 637.10 Td (majority ) Tj ET Q q 0 0 0 rg BT 357.52 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.26 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.88 637.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 409.73 637.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.47 637.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 460.08 637.10 Td (must ) Tj ET Q q 0 0 0 rg BT 481.94 637.10 Td (be ) Tj ET Q q 0 0 0 rg BT 493.78 637.10 Td (independent, ) Tj ET Q q 0 0 0 rg BT 547.56 637.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (no ) Tj ET Q q 0 0 0 rg BT 63.11 625.10 Td (director ) Tj ET Q q 0 0 0 rg BT 97.32 625.10 Td (qualifies ) Tj ET Q q 0 0 0 rg BT 134.87 625.10 Td (as ) Tj ET Q q 0 0 0 rg BT 146.31 625.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 207.17 625.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 235.28 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.61 625.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 278.16 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.61 625.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 329.93 625.10 Td (af) Tj ET Q q 0 0 0 rg BT 337.51 625.10 Td (firmatively ) Tj ET Q q 0 0 0 rg BT 385.06 625.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 432.04 625.10 Td (that ) Tj ET Q q 0 0 0 rg BT 450.15 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.48 625.10 Td (director ) Tj ET Q q 0 0 0 rg BT 499.69 625.10 Td (has ) Tj ET Q q 0 0 0 rg BT 516.13 625.10 Td (no ) Tj ET Q q 0 0 0 rg BT 529.24 625.10 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 102.38 613.10 Td (with ) Tj ET Q q 0 0 0 rg BT 125.32 613.10 Td (Greenhill. ) Tj ET Q q 0 0 0 rg BT 170.75 613.10 Td (In ) Tj ET Q q 0 0 0 rg BT 184.24 613.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 233.28 613.10 Td (with ) Tj ET Q q 0 0 0 rg BT 256.22 613.10 Td (this ) Tj ET Q q 0 0 0 rg BT 275.83 613.10 Td (independence ) Tj ET Q q 0 0 0 rg BT 335.97 613.10 Td (determination, ) Tj ET Q q 0 0 0 rg BT 399.17 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.55 613.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 446.16 613.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 494.64 613.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 547.56 613.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 103.11 601.10 Td (between ) Tj ET Q q 0 0 0 rg BT 138.44 601.10 Td (each ) Tj ET Q q 0 0 0 rg BT 158.77 601.10 Td (director ) Tj ET Q q 0 0 0 rg BT 191.87 601.10 Td (or ) Tj ET Q q 0 0 0 rg BT 202.21 601.10 Td (any ) Tj ET Q q 0 0 0 rg BT 218.66 601.10 Td (member ) Tj ET Q q 0 0 0 rg BT 253.44 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.78 601.10 Td (his ) Tj ET Q q 0 0 0 rg BT 277.46 601.10 Td (or ) Tj ET Q q 0 0 0 rg BT 287.80 601.10 Td (her ) Tj ET Q q 0 0 0 rg BT 302.58 601.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 346.79 601.10 Td (family ) Tj ET Q q 0 0 0 rg BT 374.91 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.36 601.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 431.13 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.58 601.10 Td (its ) Tj ET Q q 0 0 0 rg BT 459.04 601.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 508.27 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.72 601.10 Td (af) Tj ET Q q 0 0 0 rg BT 532.31 601.10 Td (filiates, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.63 589.10 Td (those ) Tj ET Q q 0 0 0 rg BT 114.59 589.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 150.76 589.10 Td (under ) Tj ET Q q 0 0 0 rg BT 176.38 589.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 213.11 589.10 Td (Relationships ) Tj ET Q q 0 0 0 rg BT 270.41 589.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.70 589.10 Td (Related ) Tj ET Q q 0 0 0 rg BT 320.89 589.10 Td (T) Tj ET Q q 0 0 0 rg BT 326.64 589.10 Td (ransactions ) Tj ET Q q 0 0 0 rg BT 378.92 589.10 Td (below) Tj ET Q q 0 0 0 rg BT 402.71 589.10 Td (. ) Tj ET Q q 0 0 0 rg BT 407.86 589.10 Td (The ) Tj ET Q q 0 0 0 rg BT 426.26 589.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 453.55 589.10 Td (also ) Tj ET Q q 0 0 0 rg BT 472.52 589.10 Td (examined ) Tj ET Q q 0 0 0 rg BT 514.24 589.10 Td (transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.98 577.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 118.63 577.10 Td (between ) Tj ET Q q 0 0 0 rg BT 153.49 577.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 190.02 577.10 Td (or ) Tj ET Q q 0 0 0 rg BT 199.90 577.10 Td (their ) Tj ET Q q 0 0 0 rg BT 219.77 577.10 Td (af) Tj ET Q q 0 0 0 rg BT 227.36 577.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 256.12 577.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.10 577.10 Td (members ) Tj ET Q q 0 0 0 rg BT 310.30 577.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.18 577.10 Td (Greenhill) Tj ET Q q 0 0 0 rg BT 360.72 577.10 Td (s ) Tj ET Q q 0 0 0 rg BT 366.15 577.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 392.14 577.10 Td (management ) Tj ET Q q 0 0 0 rg BT 444.77 577.10 Td (or ) Tj ET Q q 0 0 0 rg BT 454.65 577.10 Td (their ) Tj ET Q q 0 0 0 rg BT 474.52 577.10 Td (af) Tj ET Q q 0 0 0 rg BT 482.11 577.10 Td (filiates. ) Tj ET Q q 0 0 0 rg BT 513.25 577.10 Td (The ) Tj ET Q q 0 0 0 rg BT 530.34 577.10 Td (purpose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.35 565.10 Td (this ) Tj ET Q q 0 0 0 rg BT 78.82 565.10 Td (review ) Tj ET Q q 0 0 0 rg BT 109.05 565.10 Td (was ) Tj ET Q q 0 0 0 rg BT 127.62 565.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.42 565.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 181.42 565.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 216.64 565.10 Td (any ) Tj ET Q q 0 0 0 rg BT 234.10 565.10 Td (such ) Tj ET Q q 0 0 0 rg BT 255.45 565.10 Td (relationships ) Tj ET Q q 0 0 0 rg BT 309.58 565.10 Td (or ) Tj ET Q q 0 0 0 rg BT 320.93 565.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 371.71 565.10 Td (were ) Tj ET Q q 0 0 0 rg BT 394.16 565.10 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 444.95 565.10 Td (with ) Tj ET Q q 0 0 0 rg BT 465.75 565.10 Td (a ) Tj ET Q q 0 0 0 rg BT 473.21 565.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 531.77 565.10 Td (that ) Tj ET Q q 0 0 0 rg BT 549.78 565.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.10 Td (director ) Tj ET Q q 0 0 0 rg BT 83.59 553.10 Td (is ) Tj ET Q q 0 0 0 rg BT 92.76 553.10 Td (independent. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 532.10 Td (The ) Tj ET Q q 0 0 0 rg BT 81.55 532.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 108.49 532.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 155.97 532.10 Td (that ) Tj ET Q q 0 0 0 rg BT 173.46 532.10 Td (none ) Tj ET Q q 0 0 0 rg BT 195.40 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.23 532.10 Td (Messrs. ) Tj ET Q q 0 0 0 rg BT 239.56 532.10 Td (Blakely) Tj ET Q q 0 0 0 rg BT 270.02 532.10 Td (, ) Tj ET Q q 0 0 0 rg BT 275.02 532.10 Td (Goldstone ) Tj ET Q q 0 0 0 rg BT 318.63 532.10 Td (or ) Tj ET Q q 0 0 0 rg BT 329.46 532.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 348.62 532.10 Td (or ) Tj ET Q q 0 0 0 rg BT 359.45 532.10 Td (Ms.Robards: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 511.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 511.10 Td (had ) Tj ET Q q 0 0 0 rg BT 114.94 511.10 Td (any ) Tj ET Q q 0 0 0 rg BT 131.88 511.10 Td (material ) Tj ET Q q 0 0 0 rg BT 167.14 511.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 216.85 511.10 Td (with ) Tj ET Q q 0 0 0 rg BT 237.13 511.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 277.39 511.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 303.77 511.10 Td (than ) Tj ET Q q 0 0 0 rg BT 323.48 511.10 Td (as ) Tj ET Q q 0 0 0 rg BT 334.31 511.10 Td (directors\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 487.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 487.10 Td (had ) Tj ET Q q 0 0 0 rg BT 114.85 487.10 Td (any ) Tj ET Q q 0 0 0 rg BT 131.70 487.10 Td (material ) Tj ET Q q 0 0 0 rg BT 166.87 487.10 Td (relationship, ) Tj ET Q q 0 0 0 rg BT 219.00 487.10 Td (either ) Tj ET Q q 0 0 0 rg BT 244.17 487.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 277.13 487.10 Td (or ) Tj ET Q q 0 0 0 rg BT 287.87 487.10 Td (as ) Tj ET Q q 0 0 0 rg BT 298.61 487.10 Td (a ) Tj ET Q q 0 0 0 rg BT 305.46 487.10 Td (partner) Tj ET Q q 0 0 0 rg BT 333.38 487.10 Td (, ) Tj ET Q q 0 0 0 rg BT 338.29 487.10 Td (stockholder ) Tj ET Q q 0 0 0 rg BT 387.36 487.10 Td (or ) Tj ET Q q 0 0 0 rg BT 398.10 487.10 Td (of) Tj ET Q q 0 0 0 rg BT 406.25 487.10 Td (ficer) Tj ET Q q 0 0 0 rg BT 424.16 487.10 Td (, ) Tj ET Q q 0 0 0 rg BT 429.07 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.82 487.10 Td (another ) Tj ET Q q 0 0 0 rg BT 472.21 487.10 Td (or) Tj ET Q q 0 0 0 rg BT 480.36 487.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 524.43 487.10 Td (that ) Tj ET Q q 0 0 0 rg BT 541.83 487.10 Td (has ) Tj ET Q q 0 0 0 rg BT 557.58 487.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 475.10 Td (relationship ) Tj ET Q q 0 0 0 rg BT 147.71 475.10 Td (with ) Tj ET Q q 0 0 0 rg BT 167.99 475.10 Td (Greenhill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 451.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 451.10 Td (is ) Tj ET Q q 0 0 0 rg BT 107.17 451.10 Td (an ) Tj ET Q q 0 0 0 rg BT 119.10 451.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 160.47 451.10 Td (or ) Tj ET Q q 0 0 0 rg BT 171.30 451.10 Td (has ) Tj ET Q q 0 0 0 rg BT 187.12 451.10 Td (an ) Tj ET Q q 0 0 0 rg BT 199.06 451.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 243.76 451.10 Td (family ) Tj ET Q q 0 0 0 rg BT 272.36 451.10 Td (member ) Tj ET Q q 0 0 0 rg BT 307.62 451.10 Td (who ) Tj ET Q q 0 0 0 rg BT 327.34 451.10 Td (is ) Tj ET Q q 0 0 0 rg BT 336.51 451.10 Td (or ) Tj ET Q q 0 0 0 rg BT 347.33 451.10 Td (has ) Tj ET Q q 0 0 0 rg BT 363.16 451.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.44 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.15 451.10 Td (last ) Tj ET Q q 0 0 0 rg BT 404.53 451.10 Td (three ) Tj ET Q q 0 0 0 rg BT 427.01 451.10 Td (years ) Tj ET Q q 0 0 0 rg BT 450.61 451.10 Td (been ) Tj ET Q q 0 0 0 rg BT 471.98 451.10 Td (an ) Tj ET Q q 0 0 0 rg BT 483.92 451.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 524.73 451.10 Td (of) Tj ET Q q 0 0 0 rg BT 532.87 451.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 553.69 451.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 439.10 Td (Greenhill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 415.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 415.10 Td (receives, ) Tj ET Q q 0 0 0 rg BT 134.85 415.10 Td (or ) Tj ET Q q 0 0 0 rg BT 144.78 415.10 Td (has ) Tj ET Q q 0 0 0 rg BT 159.70 415.10 Td (an ) Tj ET Q q 0 0 0 rg BT 170.74 415.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 214.54 415.10 Td (family ) Tj ET Q q 0 0 0 rg BT 242.24 415.10 Td (member ) Tj ET Q q 0 0 0 rg BT 276.60 415.10 Td (who ) Tj ET Q q 0 0 0 rg BT 295.42 415.10 Td (receives, ) Tj ET Q q 0 0 0 rg BT 332.27 415.10 Td (more ) Tj ET Q q 0 0 0 rg BT 354.42 415.10 Td (than ) Tj ET Q q 0 0 0 rg BT 373.23 415.10 Td ($120,000 ) Tj ET Q q 0 0 0 rg BT 412.33 415.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.70 415.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 446.06 415.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 503.20 415.10 Td (from ) Tj ET Q q 0 0 0 rg BT 524.24 415.10 Td (Greenhill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 403.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 124.38 403.10 Td (than ) Tj ET Q q 0 0 0 rg BT 144.09 403.10 Td (director ) Tj ET Q q 0 0 0 rg BT 177.69 403.10 Td (and ) Tj ET Q q 0 0 0 rg BT 194.63 403.10 Td (committee ) Tj ET Q q 0 0 0 rg BT 239.33 403.10 Td (fees\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 379.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 379.10 Td (is ) Tj ET Q q 0 0 0 rg BT 107.17 379.10 Td (af) Tj ET Q q 0 0 0 rg BT 114.76 379.10 Td (filiated ) Tj ET Q q 0 0 0 rg BT 145.58 379.10 Td (with ) Tj ET Q q 0 0 0 rg BT 165.85 379.10 Td (or ) Tj ET Q q 0 0 0 rg BT 176.68 379.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 218.62 379.10 Td (by) Tj ET Q q 0 0 0 rg BT 227.97 379.10 Td (, ) Tj ET Q q 0 0 0 rg BT 232.96 379.10 Td (or ) Tj ET Q q 0 0 0 rg BT 243.79 379.10 Td (has ) Tj ET Q q 0 0 0 rg BT 259.62 379.10 Td (an ) Tj ET Q q 0 0 0 rg BT 271.56 379.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 316.27 379.10 Td (family ) Tj ET Q q 0 0 0 rg BT 344.87 379.10 Td (member ) Tj ET Q q 0 0 0 rg BT 380.13 379.10 Td (who ) Tj ET Q q 0 0 0 rg BT 399.85 379.10 Td (is ) Tj ET Q q 0 0 0 rg BT 409.02 379.10 Td (or ) Tj ET Q q 0 0 0 rg BT 419.85 379.10 Td (has ) Tj ET Q q 0 0 0 rg BT 435.68 379.10 Td (been ) Tj ET Q q 0 0 0 rg BT 457.06 379.10 Td (within ) Tj ET Q q 0 0 0 rg BT 485.11 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.83 379.10 Td (past ) Tj ET Q q 0 0 0 rg BT 518.43 379.10 Td (three ) Tj ET Q q 0 0 0 rg BT 540.92 379.10 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 367.10 Td (a ) Tj ET Q q 0 0 0 rg BT 104.94 367.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 135.75 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.58 367.10 Td (or ) Tj ET Q q 0 0 0 rg BT 157.41 367.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 198.79 367.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 212.12 367.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.83 367.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 267.10 367.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 289.59 367.10 Td (team ) Tj ET Q q 0 0 0 rg BT 311.53 367.10 Td (or ) Tj ET Q q 0 0 0 rg BT 322.36 367.10 Td (a ) Tj ET Q q 0 0 0 rg BT 329.29 367.10 Td (present ) Tj ET Q q 0 0 0 rg BT 360.67 367.10 Td (or ) Tj ET Q q 0 0 0 rg BT 371.50 367.10 Td (former ) Tj ET Q q 0 0 0 rg BT 401.21 367.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 434.25 367.10 Td (or ) Tj ET Q q 0 0 0 rg BT 445.08 367.10 Td (external ) Tj ET Q q 0 0 0 rg BT 479.78 367.10 Td (auditor ) Tj ET Q q 0 0 0 rg BT 510.61 367.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.44 367.10 Td (Greenhill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 343.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 343.10 Td (is ) Tj ET Q q 0 0 0 rg BT 106.92 343.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 148.60 343.10 Td (or ) Tj ET Q q 0 0 0 rg BT 159.18 343.10 Td (has ) Tj ET Q q 0 0 0 rg BT 174.75 343.10 Td (an ) Tj ET Q q 0 0 0 rg BT 186.44 343.10 Td (immediate ) Tj ET Q q 0 0 0 rg BT 230.89 343.10 Td (family ) Tj ET Q q 0 0 0 rg BT 259.25 343.10 Td (member ) Tj ET Q q 0 0 0 rg BT 294.26 343.10 Td (who ) Tj ET Q q 0 0 0 rg BT 313.73 343.10 Td (is ) Tj ET Q q 0 0 0 rg BT 322.64 343.10 Td (employed ) Tj ET Q q 0 0 0 rg BT 364.32 343.10 Td (as ) Tj ET Q q 0 0 0 rg BT 374.90 343.10 Td (an ) Tj ET Q q 0 0 0 rg BT 386.59 343.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 427.15 343.10 Td (of) Tj ET Q q 0 0 0 rg BT 435.30 343.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 455.86 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.44 343.10 Td (another ) Tj ET Q q 0 0 0 rg BT 498.67 343.10 Td (company ) Tj ET Q q 0 0 0 rg BT 537.57 343.10 Td (where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 331.10 Td (any ) Tj ET Q q 0 0 0 rg BT 114.94 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 125.77 331.10 Td (Greenhill) Tj ET Q q 0 0 0 rg BT 166.31 331.10 Td (s ) Tj ET Q q 0 0 0 rg BT 172.70 331.10 Td (present ) Tj ET Q q 0 0 0 rg BT 204.08 331.10 Td (executives ) Tj ET Q q 0 0 0 rg BT 248.78 331.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 272.38 331.10 Td (on ) Tj ET Q q 0 0 0 rg BT 284.88 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.60 331.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 357.64 331.10 Td (committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 307.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 307.10 Td (is ) Tj ET Q q 0 0 0 rg BT 108.03 307.10 Td (an ) Tj ET Q q 0 0 0 rg BT 120.83 307.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 162.50 307.10 Td (of) Tj ET Q q 0 0 0 rg BT 170.65 307.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 192.32 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.01 307.10 Td (a ) Tj ET Q q 0 0 0 rg BT 211.81 307.10 Td (company ) Tj ET Q q 0 0 0 rg BT 251.82 307.10 Td (that ) Tj ET Q q 0 0 0 rg BT 270.18 307.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 299.08 307.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 336.88 307.10 Td (to ) Tj ET Q q 0 0 0 rg BT 348.01 307.10 Td (or ) Tj ET Q q 0 0 0 rg BT 359.70 307.10 Td (receives ) Tj ET Q q 0 0 0 rg BT 395.82 307.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 437.50 307.10 Td (from ) Tj ET Q q 0 0 0 rg BT 460.30 307.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 501.42 307.10 Td (for ) Tj ET Q q 0 0 0 rg BT 516.44 307.10 Td (property ) Tj ET Q q 0 0 0 rg BT 553.68 307.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 295.10 Td (services ) Tj ET Q q 0 0 0 rg BT 132.09 295.10 Td (in ) Tj ET Q q 0 0 0 rg BT 141.75 295.10 Td (an ) Tj ET Q q 0 0 0 rg BT 153.08 295.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 184.95 295.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 213.78 295.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.44 295.10 Td (any ) Tj ET Q q 0 0 0 rg BT 239.76 295.10 Td (single ) Tj ET Q q 0 0 0 rg BT 265.53 295.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 289.07 295.10 Td (year) Tj ET Q q 0 0 0 rg BT 305.88 295.10 Td (, ) Tj ET Q q 0 0 0 rg BT 310.26 295.10 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 343.79 295.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.89 295.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 387.53 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.74 295.10 Td ($1 ) Tj ET Q q 0 0 0 rg BT 409.63 295.10 Td (million ) Tj ET Q q 0 0 0 rg BT 440.40 295.10 Td (or ) Tj ET Q q 0 0 0 rg BT 450.62 295.10 Td (2% ) Tj ET Q q 0 0 0 rg BT 465.83 295.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.04 295.10 Td (such ) Tj ET Q q 0 0 0 rg BT 496.26 295.10 Td (other ) Tj ET Q q 0 0 0 rg BT 518.69 295.10 Td (company) Tj ET Q q 0 0 0 rg BT 558.12 295.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 283.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 151.04 283.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 174.66 283.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.00 259.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.00 259.10 Td (is ) Tj ET Q q 0 0 0 rg BT 106.62 259.10 Td (an ) Tj ET Q q 0 0 0 rg BT 118.01 259.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 158.27 259.10 Td (of) Tj ET Q q 0 0 0 rg BT 166.42 259.10 Td (ficer ) Tj ET Q q 0 0 0 rg BT 186.68 259.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.96 259.10 Td (any ) Tj ET Q q 0 0 0 rg BT 213.35 259.10 Td (charitable ) Tj ET Q q 0 0 0 rg BT 254.72 259.10 Td (or) Tj ET Q q 0 0 0 rg BT 262.87 259.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 306.47 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.20 259.10 Td (which ) Tj ET Q q 0 0 0 rg BT 342.58 259.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 382.30 259.10 Td (has ) Tj ET Q q 0 0 0 rg BT 397.58 259.10 Td (contributed ) Tj ET Q q 0 0 0 rg BT 445.07 259.10 Td (an ) Tj ET Q q 0 0 0 rg BT 456.46 259.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 488.40 259.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.13 259.10 Td (any ) Tj ET Q q 0 0 0 rg BT 514.52 259.10 Td (single 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0 0 0 rg BT 77.78 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 85.38 226.10 Td (result ) Tj ET Q q 0 0 0 rg BT 110.76 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.25 226.10 Td (this ) Tj ET Q q 0 0 0 rg BT 139.87 226.10 Td (review) Tj ET Q q 0 0 0 rg BT 166.42 226.10 Td (, ) Tj ET Q q 0 0 0 rg BT 172.09 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.47 226.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 215.07 226.10 Td (af) Tj ET Q q 0 0 0 rg BT 222.66 226.10 Td (firmatively ) Tj ET Q q 0 0 0 rg BT 270.25 226.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 318.40 226.10 Td (that ) Tj ET Q q 0 0 0 rg BT 336.56 226.10 Td (each ) Tj ET Q q 0 0 0 rg BT 358.04 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.53 226.10 Td (our ) Tj ET Q q 0 0 0 rg BT 386.02 226.10 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 446.39 226.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 484.54 226.10 Td (\(Robert ) Tj ET Q q 0 0 0 rg BT 518.02 226.10 Td (T) Tj ET Q q 0 0 0 rg BT 523.39 226.10 Td (. ) Tj ET Q q 0 0 0 rg BT 529.05 226.10 Td (Blakely) Tj ET Q q 0 0 0 rg BT 559.51 226.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.10 Td (Steven ) Tj ET Q q 0 0 0 rg BT 79.70 214.10 Td (F) Tj ET Q q 0 0 0 rg BT 84.46 214.10 Td (. ) Tj ET Q q 0 0 0 rg BT 89.44 214.10 Td (Goldstone, ) Tj ET Q q 0 0 0 rg BT 135.53 214.10 Td (Stephen ) Tj ET Q q 0 0 0 rg BT 170.22 214.10 Td (L. ) Tj ET Q q 0 0 0 rg BT 181.31 214.10 Td (Key ) Tj ET Q q 0 0 0 rg BT 200.45 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.37 214.10 Td (Karen ) Tj ET Q q 0 0 0 rg BT 244.28 214.10 Td (P) Tj ET Q q 0 0 0 rg BT 248.74 214.10 Td (. ) Tj ET Q q 0 0 0 rg BT 253.72 214.10 Td (Robards\) ) Tj ET Q q 0 0 0 rg BT 292.86 214.10 Td (is ) Tj ET Q q 0 0 0 rg BT 302.01 214.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 362.24 214.10 Td (as ) Tj ET Q q 0 0 0 rg BT 373.05 214.10 Td (that ) Tj ET Q q 0 0 0 rg BT 390.52 214.10 Td (term ) Tj ET Q q 0 0 0 rg BT 411.33 214.10 Td (is ) Tj ET Q q 0 0 0 rg BT 420.48 214.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 452.94 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 463.20 214.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.90 214.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 521.47 214.10 Td (New ) Tj ET Q q 0 0 0 rg BT 542.46 214.10 Td (Y) Tj ET Q q 0 0 0 rg BT 548.68 214.10 Td (ork ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 77.00 202.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 120.64 202.10 Td (listing ) Tj ET Q q 0 0 0 rg BT 149.86 202.10 Td (standards. ) Tj ET Q q 0 0 0 rg BT 194.34 202.10 Td (Messrs. ) Tj ET Q q 0 0 0 rg BT 229.39 202.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 271.38 202.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.03 202.10 Td (Bok ) Tj ET Q q 0 0 0 rg BT 310.92 202.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 341.79 202.10 Td (be ) Tj ET Q q 0 0 0 rg BT 355.44 202.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 402.98 202.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 456.07 202.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 495.27 202.10 Td (because ) Tj ET Q q 0 0 0 rg BT 531.13 202.10 Td (of ) Tj ET Q q 0 0 0 rg BT 543.68 202.10 Td (their ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 102.49 190.10 Td (at ) Tj ET Q q 0 0 0 rg BT 112.21 190.10 Td (Greenhill. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 169.10 Td (In ) Tj ET Q q 0 0 0 rg BT 74.43 169.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 112.31 169.10 Td (we ) Tj ET Q q 0 0 0 rg BT 126.57 169.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 165.26 169.10 Td (our ) Tj ET Q q 0 0 0 rg BT 181.20 169.10 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 223.78 169.10 Td (Governance ) Tj ET Q q 0 0 0 rg BT 274.69 169.10 Td (Guidelines ) Tj ET Q q 0 0 0 rg BT 320.62 169.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.00 169.10 Td (January ) Tj ET Q q 0 0 0 rg BT 364.70 169.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 387.30 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 397.68 169.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 430.83 169.10 Td (for ) Tj ET Q q 0 0 0 rg BT 445.09 169.10 Td (a ) Tj ET Q q 0 0 0 rg BT 452.13 169.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 474.71 169.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 526.74 169.10 Td (Director) Tj ET Q q 0 0 0 rg BT 559.50 169.10 Td (. ) Tj ET Q q 0 0 0 rg BT 564.50 169.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 157.10 Td (Steven ) Tj ET Q q 0 0 0 rg BT 79.72 157.10 Td (F) Tj ET Q q 0 0 0 rg BT 84.48 157.10 Td (. ) Tj ET Q q 0 0 0 rg BT 89.48 157.10 Td (Goldstone ) Tj ET Q q 0 0 0 rg BT 133.09 157.10 Td (has ) Tj ET Q q 0 0 0 rg BT 148.92 157.10 Td (served ) Tj ET Q q 0 0 0 rg BT 177.51 157.10 Td (as ) Tj ET Q q 0 0 0 rg BT 188.34 157.10 Td (our ) Tj ET Q q 0 0 0 rg BT 204.17 157.10 Td (Lead ) Tj ET Q q 0 0 0 rg BT 226.66 157.10 Td (Independent ) Tj ET Q q 0 0 0 rg BT 278.58 157.10 Td (Director ) Tj ET Q q 0 0 0 rg BT 314.40 157.10 Td (since ) Tj ET Q q 0 0 0 rg BT 337.45 157.10 Td (such ) Tj ET Q q 0 0 0 rg BT 358.28 157.10 Td (date.) Tj ET Q endstream endobj 131 0 obj <> endobj 132 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 31.60 Td (65) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Item 14.Principal ) Tj ET Q q 0 0 0 rg BT 131.38 730.10 Td (Accounting Fees and Services) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 709.10 Td (AUDIT) Tj ET Q q 0 0 0 rg BT 82.05 709.10 Td ( COMMITTEE REPOR) Tj ET Q q 0 0 0 rg BT 186.14 709.10 Td (T) Tj ET Q q 0 0 0 rg BT 192.63 709.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.58 709.10 Td (AND P) Tj ET Q q 0 0 0 rg BT 224.11 709.10 Td (A) Tj ET Q q 0 0 0 rg BT 230.42 709.10 Td (YMENT) Tj ET Q q 0 0 0 rg BT 267.46 709.10 Td ( OF) Tj ET Q q 0 0 0 rg BT 283.47 709.10 Td ( FEES ) Tj ET Q q 0 0 0 rg BT 313.30 709.10 Td (T) Tj ET Q q 0 0 0 rg BT 319.79 709.10 Td (O ) Tj ET Q q 0 0 0 rg BT 329.52 709.10 Td (AUDIT) Tj ET Q q 0 0 0 rg BT 361.56 709.10 Td (ORS ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 688.10 Td (Audit Committee Report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 667.10 Td (The ) Tj ET Q q 0 0 0 rg BT 80.53 667.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 105.20 667.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 151.54 667.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.76 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.88 667.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 202.21 667.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.44 667.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 251.54 667.10 Td (is ) Tj ET Q q 0 0 0 rg BT 260.11 667.10 Td (responsible ) Tj ET Q q 0 0 0 rg BT 307.55 667.10 Td (for ) Tj ET Q q 0 0 0 rg BT 321.11 667.10 Td (assisting ) Tj ET Q q 0 0 0 rg BT 357.46 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.57 667.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 397.91 667.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.58 667.10 Td (overseeing ) Tj ET Q q 0 0 0 rg BT 452.79 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.91 667.10 Td (integrity ) Tj ET Q q 0 0 0 rg BT 502.69 667.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.91 667.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.03 667.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.43 655.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.98 655.10 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 147.47 655.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 195.78 655.10 Td (by ) Tj ET Q q 0 0 0 rg BT 208.00 655.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 247.98 655.10 Td (with ) Tj ET Q q 0 0 0 rg BT 267.98 655.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 289.64 655.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.29 655.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 349.61 655.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 406.53 655.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.19 655.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.63 655.10 Td (independence ) Tj ET Q q 0 0 0 rg BT 494.82 655.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.48 655.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 643.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 643.10 Td (Greenhill) Tj ET Q q 0 0 0 rg BT 101.37 643.10 Td (s ) Tj ET Q q 0 0 0 rg BT 107.76 643.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 140.81 643.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.74 643.10 Td (external ) Tj ET Q q 0 0 0 rg BT 192.45 643.10 Td (auditors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 622.10 Td (The ) Tj ET Q q 0 0 0 rg BT 80.91 622.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 133.31 622.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 170.15 622.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 214.22 622.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.41 622.10 Td (Greenhill, ) Tj ET Q q 0 0 0 rg BT 266.54 622.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 283.67 622.10 Td (for ) Tj ET Q q 0 0 0 rg BT 297.19 622.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.26 622.10 Td (year ) Tj ET Q q 0 0 0 rg BT 330.33 622.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 356.07 622.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 414.01 622.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 438.37 622.10 Td (were ) Tj ET Q q 0 0 0 rg BT 459.66 622.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 490.96 622.10 Td (by ) Tj ET Q q 0 0 0 rg BT 502.82 622.10 Td (Ernst& ) Tj ET Q q 0 0 0 rg BT 535.79 622.10 Td (Y) Tj ET Q q 0 0 0 rg BT 542.01 622.10 Td (oung ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.10 Td (LLP) Tj ET Q q 0 0 0 rg BT 66.67 610.10 Td (, ) Tj ET Q q 0 0 0 rg BT 71.67 610.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 123.04 610.10 Td (auditors ) Tj ET Q q 0 0 0 rg BT 157.76 610.10 Td (for ) Tj ET Q q 0 0 0 rg BT 171.92 610.10 Td (Greenhill. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 589.10 Td (As ) Tj ET Q q 0 0 0 rg BT 77.11 589.10 Td (part ) Tj ET Q q 0 0 0 rg BT 95.16 589.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.99 589.10 Td (its ) Tj ET Q q 0 0 0 rg BT 117.94 589.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 159.04 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.75 589.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 220.69 589.10 Td (has: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 568.10 Td (1. ) Tj ET Q q 0 0 0 rg BT 86.00 568.10 Td (Reviewed ) Tj ET Q q 0 0 0 rg BT 128.49 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.42 568.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 186.25 568.10 Td (with ) Tj ET Q q 0 0 0 rg BT 206.53 568.10 Td (management ) Tj ET Q q 0 0 0 rg BT 260.12 568.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.06 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.78 568.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 343.15 568.10 Td (auditors ) Tj ET Q q 0 0 0 rg BT 377.87 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.58 568.10 Td (audited ) Tj ET Q q 0 0 0 rg BT 424.52 568.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 462.00 568.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 506.71 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 517.54 568.10 Td (Greenhill; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 547.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 86.00 547.10 Td (Discussed ) Tj ET Q q 0 0 0 rg BT 128.28 547.10 Td (with ) Tj ET Q q 0 0 0 rg BT 147.79 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.74 547.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 212.34 547.10 Td (auditors ) Tj ET Q q 0 0 0 rg BT 246.29 547.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.23 547.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 291.40 547.10 Td (required ) Tj ET Q q 0 0 0 rg BT 326.44 547.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.95 547.10 Td (be ) Tj ET Q q 0 0 0 rg BT 347.12 547.10 Td (communicated ) Tj ET Q q 0 0 0 rg BT 407.72 547.10 Td (under ) Tj ET Q q 0 0 0 rg BT 432.21 547.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 473.93 547.10 Td (on ) Tj ET Q q 0 0 0 rg BT 485.28 547.10 Td (Auditing ) Tj ET Q q 0 0 0 rg BT 522.57 547.10 Td (Standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 535.10 Td (No.16) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 113.22 535.10 Td (, ) Tj ET Q q 0 0 0 rg BT 117.17 535.10 Td (Communications ) Tj ET Q q 0 0 0 rg BT 186.39 535.10 Td (with ) Tj ET Q q 0 0 0 rg BT 204.96 535.10 Td (Audit ) Tj ET Q q 0 0 0 rg BT 228.07 535.10 Td (Committees ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.74 535.10 Td (\(SAS ) Tj ET Q q 0 0 0 rg BT 299.86 535.10 Td (16\)) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 313.19 535.10 Td (, ) Tj ET Q BT 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676.25 Td (supervision ) Tj ET Q q 0 0 0 rg BT 142.23 676.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.27 676.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.20 676.25 Td (Company) Tj ET Q q 0 0 0 rg BT 211.87 676.25 Td (s ) Tj ET Q q 0 0 0 rg BT 219.47 676.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 258.73 676.25 Td (executive ) Tj ET Q q 0 0 0 rg BT 300.75 676.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.90 676.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 358.15 676.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 396.85 676.25 Td (of) Tj ET Q q 0 0 0 rg BT 405.00 676.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 430.92 676.25 Td (to ) Tj ET Q q 0 0 0 rg BT 442.41 676.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 476.67 676.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 523.13 676.25 Td (assurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 664.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 91.23 664.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.36 664.25 Td (reliability ) Tj ET Q q 0 0 0 rg BT 148.15 664.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.40 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 631.25 Td (As ) Tj ET Q q 0 0 0 rg BT 88.21 631.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 99.63 631.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 158.80 631.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.80 631.25 Td (, ) Tj ET Q q 0 0 0 rg BT 184.40 631.25 Td (management ) Tj ET Q q 0 0 0 rg BT 238.58 631.25 Td (conducted ) Tj ET Q q 0 0 0 rg BT 282.76 631.25 Td (an ) Tj ET Q q 0 0 0 rg BT 295.29 631.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 342.83 631.25 Td (of ) Tj ET Q q 0 0 0 rg BT 354.25 631.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.56 631.25 Td (ef) Tj ET Q q 0 0 0 rg BT 377.14 631.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 424.66 631.25 Td (of ) Tj ET Q q 0 0 0 rg BT 436.08 631.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.39 631.25 Td (Company) Tj ET Q q 0 0 0 rg BT 493.06 631.25 Td (s ) Tj ET Q q 0 0 0 rg BT 500.04 631.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 533.68 631.25 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.25 Td (over ) Tj ET Q q 0 0 0 rg BT 69.47 619.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 106.15 619.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 144.51 619.25 Td (based ) Tj ET Q q 0 0 0 rg BT 168.98 619.25 Td (on ) Tj ET Q q 0 0 0 rg BT 180.68 619.25 Td (the ) Tj ET Q q 0 0 0 rg BT 194.59 619.25 Td (framework ) Tj ET Q q 0 0 0 rg BT 240.16 619.25 Td (established ) Tj ET Q q 0 0 0 rg BT 286.30 619.25 Td (in ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 295.77 619.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 329.69 619.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 352.66 619.25 Td (ol ) Tj ET Q q 0 0 0 rg BT 373.53 619.25 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 416.89 619.25 Td (Framework) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.55 619.25 Td ( ) Tj ET Q q 0 0 0 rg BT 465.25 619.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 491.95 619.25 Td (by ) Tj ET Q q 0 0 0 rg BT 503.65 619.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.57 619.25 Td (Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.35 607.25 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 107.94 607.25 Td (Or) Tj ET Q q 0 0 0 rg BT 118.31 607.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 165.88 607.25 Td (of ) Tj ET Q q 0 0 0 rg BT 176.23 607.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.32 607.25 Td (T) Tj ET Q q 0 0 0 rg BT 196.08 607.25 Td (readway ) Tj ET Q q 0 0 0 rg BT 231.97 607.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 284.56 607.25 Td (\(2013 ) Tj ET Q q 0 0 0 rg BT 309.92 607.25 Td (framework\) ) Tj ET Q q 0 0 0 rg BT 359.14 607.25 Td (\(COSO\). ) Tj ET Q q 0 0 0 rg BT 397.00 607.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 423.46 607.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 445.48 607.25 Td (this ) Tj ET Q q 0 0 0 rg BT 461.96 607.25 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 510.92 607.25 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 595.25 Td (has ) Tj ET Q q 0 0 0 rg BT 65.83 595.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 113.31 595.25 Td (that ) Tj ET Q q 0 0 0 rg BT 130.81 595.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.52 595.25 Td (Company) Tj ET Q q 0 0 0 rg BT 187.19 595.25 Td (s ) Tj ET Q q 0 0 0 rg BT 193.58 595.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 226.62 595.25 Td (control ) Tj ET Q q 0 0 0 rg BT 257.45 595.25 Td (over ) Tj ET Q q 0 0 0 rg BT 277.71 595.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 315.20 595.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 354.35 595.25 Td (as ) Tj ET Q q 0 0 0 rg BT 365.18 595.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.01 595.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 434.59 595.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.59 595.25 Td ( ) Tj ET Q q 0 0 0 rg BT 457.09 595.25 Td (was ) Tj ET Q q 0 0 0 rg BT 475.15 595.25 Td (ef) Tj ET Q q 0 0 0 rg BT 482.73 595.25 Td (fective.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 574.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 128.29 574.25 Td (has ) Tj ET Q q 0 0 0 rg BT 143.71 574.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 181.90 574.25 Td (from ) Tj ET Q q 0 0 0 rg BT 203.42 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.73 574.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 264.40 574.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 310.93 574.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.24 574.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 357.87 574.25 Td (control ) Tj ET Q q 0 0 0 rg BT 388.28 574.25 Td (over ) Tj ET Q q 0 0 0 rg BT 408.14 574.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 445.21 574.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 483.96 574.25 Td (at ) Tj ET Q q 0 0 0 rg BT 493.26 574.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 533.12 574.25 Td (Cogent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.25 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 91.57 562.25 Td (LP) Tj ET Q q 0 0 0 rg BT 102.13 562.25 Td (, ) Tj ET Q q 0 0 0 rg BT 107.03 562.25 Td (which ) Tj ET Q q 0 0 0 rg BT 133.86 562.25 Td (was ) Tj ET Q q 0 0 0 rg BT 151.81 562.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 188.63 562.25 Td (on ) Tj ET Q q 0 0 0 rg BT 200.50 562.25 Td (April ) Tj ET Q q 0 0 0 rg BT 224.01 562.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 233.90 562.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 258.80 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.64 562.25 Td (whose ) Tj ET Q q 0 0 0 rg BT 303.59 562.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 340.96 562.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 385.57 562.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 413.50 562.25 Td (total ) Tj ET Q q 0 0 0 rg BT 433.67 562.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 459.40 562.25 Td (and ) Tj ET Q q 0 0 0 rg BT 476.24 562.25 Td (total ) Tj ET Q q 0 0 0 rg BT 496.41 562.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 530.45 562.25 Td (of ) Tj ET Q q 0 0 0 rg BT 541.18 562.25 Td (5.5% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.13 550.25 Td (12.7%, ) Tj ET Q q 0 0 0 rg BT 98.15 550.25 Td (respectively ) Tj ET Q q 0 0 0 rg BT 149.15 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.17 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.08 550.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 222.35 550.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 275.58 550.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 313.25 550.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 354.26 550.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 390.84 550.25 Td (as ) Tj ET Q q 0 0 0 rg BT 401.86 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.88 550.25 Td (and ) Tj ET Q q 0 0 0 rg BT 430.01 550.25 Td (for ) Tj ET Q q 0 0 0 rg BT 444.36 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.27 550.25 Td (year ) Tj ET Q q 0 0 0 rg BT 479.17 550.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 505.73 550.25 Td (December ) Tj ET Q q 0 0 0 rg BT 549.51 550.25 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (2015. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 517.25 Td (The ) Tj ET Q q 0 0 0 rg BT 93.55 517.25 Td (Company) Tj ET Q q 0 0 0 rg BT 135.22 517.25 Td (s ) Tj ET Q q 0 0 0 rg BT 143.12 517.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 177.66 517.25 Td (control ) Tj ET Q q 0 0 0 rg BT 209.99 517.25 Td (over ) Tj ET Q q 0 0 0 rg BT 231.77 517.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 270.75 517.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 311.42 517.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 348.75 517.25 Td (those ) Tj ET Q q 0 0 0 rg BT 373.86 517.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 408.97 517.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.42 517.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 475.29 517.25 Td (that ) Tj ET Q q 0 0 0 rg BT 494.29 517.25 Td (\(i\)pertain ) Tj ET Q q 0 0 0 rg BT 538.00 517.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.78 517.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 102.72 505.25 Td (of ) Tj ET Q q 0 0 0 rg BT 113.24 505.25 Td (records ) Tj ET Q q 0 0 0 rg BT 144.86 505.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 164.55 505.25 Td (in ) Tj ET Q q 0 0 0 rg BT 174.52 505.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 219.47 505.25 Td (detail, ) Tj ET Q q 0 0 0 rg BT 246.37 505.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 289.64 505.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.27 505.25 Td (fairly ) Tj ET Q q 0 0 0 rg BT 330.12 505.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 357.85 505.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.26 505.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 422.21 505.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.84 505.25 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 488.82 505.25 Td (of ) Tj ET Q q 0 0 0 rg BT 499.35 505.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.75 505.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 539.28 505.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 505.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.25 Td (Company; ) Tj ET Q q 0 0 0 rg BT 93.09 493.25 Td (\(ii\)provide ) Tj ET Q q 0 0 0 rg BT 139.78 493.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 183.96 493.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 224.25 493.25 Td (that ) Tj ET Q q 0 0 0 rg BT 240.67 493.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 289.86 493.25 Td (are ) Tj ET Q q 0 0 0 rg BT 303.50 493.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 339.90 493.25 Td (as ) Tj ET Q q 0 0 0 rg BT 349.65 493.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 389.95 493.25 Td (to ) Tj ET Q q 0 0 0 rg BT 399.15 493.25 Td (permit ) Tj ET Q q 0 0 0 rg BT 426.68 493.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 473.64 493.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.39 493.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 519.80 493.25 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.25 481.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 107.67 481.25 Td (with ) Tj ET Q q 0 0 0 rg BT 127.92 481.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 167.59 481.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 205.03 481.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 251.37 481.25 Td (principles, ) Tj ET Q q 0 0 0 rg BT 295.77 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.67 481.25 Td (that ) Tj ET Q q 0 0 0 rg BT 330.14 481.25 Td (receipts ) Tj ET Q q 0 0 0 rg BT 363.70 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.60 481.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 434.16 481.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.96 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.64 481.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 501.00 481.25 Td (are ) Tj ET Q q 0 0 0 rg BT 515.67 481.25 Td (being ) Tj ET Q q 0 0 0 rg BT 540.36 481.25 Td (made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (only ) Tj ET Q q 0 0 0 rg BT 71.24 469.25 Td (in ) Tj ET Q q 0 0 0 rg BT 82.48 469.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 130.90 469.25 Td (with ) Tj ET Q q 0 0 0 rg BT 152.14 469.25 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 212.25 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.04 469.25 Td (management ) Tj ET Q q 0 0 0 rg BT 278.59 469.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.49 469.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 334.94 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 346.73 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.41 469.25 Td (Company; ) Tj ET Q q 0 0 0 rg BT 407.53 469.25 Td (and ) Tj ET Q q 0 0 0 rg BT 425.43 469.25 Td (\(iii\)provide ) Tj ET Q q 0 0 0 rg BT 476.93 469.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 523.15 469.25 Td (assurance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 90.81 457.25 Td (prevention ) Tj ET Q q 0 0 0 rg BT 136.07 457.25 Td (or ) Tj ET Q q 0 0 0 rg BT 146.89 457.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 174.94 457.25 Td (detection ) Tj ET Q q 0 0 0 rg BT 214.08 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.91 457.25 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 279.60 457.25 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 328.48 457.25 Td (use ) Tj ET Q q 0 0 0 rg BT 344.30 457.25 Td (or ) Tj ET Q q 0 0 0 rg BT 355.13 457.25 Td (disposition ) Tj ET Q q 0 0 0 rg BT 401.52 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.34 457.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.05 457.25 Td (Company) Tj ET Q q 0 0 0 rg BT 468.72 457.25 Td (s ) Tj ET Q q 0 0 0 rg BT 475.10 457.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 500.93 457.25 Td (that ) Tj ET Q q 0 0 0 rg BT 518.42 457.25 Td (could ) Tj ET Q q 0 0 0 rg BT 543.13 457.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (a ) Tj ET Q q 0 0 0 rg BT 56.94 445.25 Td (material ) Tj ET Q q 0 0 0 rg BT 92.20 445.25 Td (ef) Tj ET Q q 0 0 0 rg BT 99.79 445.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 117.27 445.25 Td (on ) Tj ET Q q 0 0 0 rg BT 129.77 445.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.49 445.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 181.97 445.25 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 424.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.42 424.25 Td (Company) Tj ET Q q 0 0 0 rg BT 133.08 424.25 Td (s ) Tj ET Q q 0 0 0 rg BT 138.84 424.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 189.59 424.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 230.88 424.25 Td (public ) Tj ET Q q 0 0 0 rg BT 257.75 424.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 303.49 424.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 322.57 424.25 Td (has ) Tj ET Q q 0 0 0 rg BT 337.77 424.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 364.64 424.25 Td (their ) Tj ET Q q 0 0 0 rg BT 384.84 424.25 Td (auditors) Tj ET Q q 0 0 0 rg BT 419.64 424.25 Td ( ) Tj ET Q q 0 0 0 rg BT 421.51 424.25 Td (report ) Tj ET Q q 0 0 0 rg BT 447.26 424.25 Td (appearing ) Tj ET Q q 0 0 0 rg BT 488.56 424.25 Td (on ) Tj ET Q q 0 0 0 rg BT 500.43 424.25 Td (pageF-4 ) Tj ET Q q 0 0 0 rg BT 537.56 424.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 412.25 Td (expresses ) Tj ET Q q 0 0 0 rg BT 90.82 412.25 Td (an ) Tj ET Q q 0 0 0 rg BT 102.76 412.25 Td (unqualified ) Tj ET Q q 0 0 0 rg BT 150.80 412.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 183.86 412.25 Td (on ) Tj ET Q q 0 0 0 rg BT 196.36 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.07 412.25 Td (ef) Tj ET Q q 0 0 0 rg BT 218.66 412.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 265.59 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 276.42 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.13 412.25 Td (Company) Tj ET Q q 0 0 0 rg BT 332.80 412.25 Td (s ) Tj ET Q q 0 0 0 rg BT 339.19 412.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 372.23 412.25 Td (control ) Tj ET Q q 0 0 0 rg BT 403.06 412.25 Td (over ) Tj ET Q q 0 0 0 rg BT 423.33 412.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.81 412.25 Td (reporting.) Tj ET Q endstream endobj 139 0 obj <> endobj 140 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.05 742.25 Td (Report of Independent Register) Tj ET Q q 0 0 0 rg BT 316.13 742.25 Td (ed Public ) Tj ET Q q 0 0 0 rg BT 357.81 742.25 Td (Accounting Firm) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.25 Td (The Board of Directors and Shareholders of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 706.25 Td (Greenhill& Co., Inc. and Subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 685.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 685.25 Td (e ) Tj ET Q q 0 0 0 rg BT 89.12 685.25 Td (have ) Tj ET Q q 0 0 0 rg BT 110.04 685.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 141.51 685.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.77 685.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 216.12 685.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 268.70 685.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 312.96 685.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.33 685.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 360.35 685.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 400.16 685.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.53 685.25 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 460.62 685.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 479.33 685.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 496.64 685.25 Td (and ) Tj ET Q q 0 0 0 rg BT 513.12 685.25 Td (Subsidiaries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 67.86 673.25 Td ("Company"\) ) Tj ET Q q 0 0 0 rg BT 120.56 673.25 Td (as ) Tj ET Q q 0 0 0 rg BT 131.21 673.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.85 673.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 200.25 673.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.25 673.25 Td ( ) Tj ET Q q 0 0 0 rg BT 222.57 673.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.32 673.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.32 673.25 Td (, ) Tj ET Q q 0 0 0 rg BT 264.14 673.25 Td (and ) Tj ET Q q 0 0 0 rg BT 280.89 673.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.42 673.25 Td (related ) Tj ET Q q 0 0 0 rg BT 324.94 673.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 377.80 673.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 422.33 673.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.97 673.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 467.22 673.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 530.07 673.25 Td (income, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 86.17 661.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.90 661.25 Td (shareholders' ) Tj ET Q q 0 0 0 rg BT 154.20 661.25 Td (equity) Tj ET Q q 0 0 0 rg BT 178.54 661.25 Td (, ) Tj ET Q q 0 0 0 rg BT 185.00 661.25 Td (and ) Tj ET Q q 0 0 0 rg BT 203.40 661.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 225.13 661.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 251.30 661.25 Td (for ) Tj ET Q q 0 0 0 rg BT 266.92 661.25 Td (each ) Tj ET Q q 0 0 0 rg BT 289.20 661.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.48 661.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.66 661.25 Td (three ) Tj ET Q q 0 0 0 rg BT 341.60 661.25 Td (years ) Tj ET Q q 0 0 0 rg BT 366.66 661.25 Td (in ) Tj ET Q q 0 0 0 rg BT 378.40 661.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.57 661.25 Td (period ) Tj ET Q q 0 0 0 rg BT 424.08 661.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.91 661.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 511.95 661.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.95 661.25 Td (. ) Tj ET Q q 0 0 0 rg BT 538.12 661.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 102.56 649.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 139.56 649.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 183.78 649.25 Td (are ) Tj ET Q q 0 0 0 rg BT 198.01 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.24 649.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 268.70 649.25 Td (of ) Tj ET Q q 0 0 0 rg BT 279.05 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 293.28 649.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 339.88 649.25 Td (management. ) Tj ET Q q 0 0 0 rg BT 395.48 649.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 413.05 649.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 469.51 649.25 Td (is ) Tj ET Q q 0 0 0 rg BT 478.20 649.25 Td (to ) Tj ET Q q 0 0 0 rg BT 487.99 649.25 Td (express ) Tj ET Q q 0 0 0 rg BT 520.00 649.25 Td (an ) Tj ET Q q 0 0 0 rg BT 531.46 649.25 Td (opinion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 637.25 Td (these ) Tj ET Q q 0 0 0 rg BT 85.55 637.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 138.59 637.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 176.07 637.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 220.78 637.25 Td (based ) Tj ET Q q 0 0 0 rg BT 246.05 637.25 Td (on ) Tj ET Q q 0 0 0 rg BT 258.55 637.25 Td (our ) Tj ET Q q 0 0 0 rg BT 274.38 637.25 Td (audits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 616.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 616.25 Td (e ) Tj ET Q q 0 0 0 rg BT 90.25 616.25 Td (conducted ) Tj ET Q q 0 0 0 rg BT 134.51 616.25 Td (our ) Tj ET Q q 0 0 0 rg BT 151.01 616.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 178.07 616.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.02 616.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 237.15 616.25 Td (with ) Tj ET Q q 0 0 0 rg BT 258.10 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.49 616.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 314.43 616.25 Td (of ) Tj ET Q q 0 0 0 rg BT 325.93 616.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.32 616.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 370.05 616.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 411.41 616.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 461.23 616.25 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 503.84 616.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 531.45 616.25 Td (\(United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 604.25 Td (States\). ) Tj ET Q q 0 0 0 rg BT 82.46 604.25 Td (Those ) Tj ET Q q 0 0 0 rg BT 109.86 604.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 150.58 604.25 Td (require ) Tj ET Q q 0 0 0 rg BT 181.86 604.25 Td (that ) Tj ET Q q 0 0 0 rg BT 199.81 604.25 Td (we ) Tj ET Q q 0 0 0 rg BT 214.43 604.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 234.60 604.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.00 604.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 287.17 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.34 604.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 325.29 604.25 Td (to ) Tj ET Q q 0 0 0 rg BT 336.03 604.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 363.98 604.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 409.69 604.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 451.52 604.25 Td (about ) Tj ET Q q 0 0 0 rg BT 476.69 604.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 511.86 604.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.03 604.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 592.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.79 592.25 Td (are ) Tj ET Q q 0 0 0 rg BT 109.57 592.25 Td (free ) Tj ET Q q 0 0 0 rg BT 127.68 592.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.58 592.25 Td (material ) Tj ET Q q 0 0 0 rg BT 173.91 592.25 Td (misstatement. ) Tj ET Q q 0 0 0 rg BT 231.19 592.25 Td (An ) Tj ET Q q 0 0 0 rg BT 245.98 592.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 268.55 592.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 304.45 592.25 Td (examining, ) Tj ET Q q 0 0 0 rg BT 351.73 592.25 Td (on ) Tj ET Q q 0 0 0 rg BT 364.31 592.25 Td (a ) Tj ET Q q 0 0 0 rg BT 371.32 592.25 Td (test ) Tj ET Q q 0 0 0 rg BT 387.78 592.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 412.85 592.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 450.96 592.25 Td (supporting ) Tj ET Q q 0 0 0 rg BT 496.31 592.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.10 592.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 547.56 592.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 580.25 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 97.06 580.25 Td (in ) Tj ET Q q 0 0 0 rg BT 107.45 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 122.29 580.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 159.88 580.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 206.63 580.25 Td (An ) Tj ET Q q 0 0 0 rg BT 221.47 580.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 244.09 580.25 Td (also ) Tj ET Q q 0 0 0 rg BT 262.81 580.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 298.75 580.25 Td (assessing ) Tj ET Q q 0 0 0 rg BT 338.59 580.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.43 580.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 399.92 580.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 441.97 580.25 Td (used ) Tj ET Q q 0 0 0 rg BT 462.91 580.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.97 580.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 524.80 580.25 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 568.25 Td (made ) Tj ET Q q 0 0 0 rg BT 74.86 568.25 Td (by ) Tj ET Q q 0 0 0 rg BT 88.06 568.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 144.85 568.25 Td (as ) Tj ET Q q 0 0 0 rg BT 156.39 568.25 Td (well ) Tj ET Q q 0 0 0 rg BT 176.81 568.25 Td (as ) Tj ET Q q 0 0 0 rg BT 188.34 568.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 233.19 568.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.61 568.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 279.58 568.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 317.76 568.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 359.29 568.25 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 413.63 568.25 Td (W) Tj ET Q q 0 0 0 rg BT 422.27 568.25 Td (e ) Tj ET Q q 0 0 0 rg BT 429.91 568.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 461.99 568.25 Td (that ) Tj ET Q q 0 0 0 rg BT 480.18 568.25 Td (our ) Tj ET Q q 0 0 0 rg BT 496.72 568.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 523.81 568.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 557.56 568.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 95.25 556.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 117.75 556.25 Td (for ) Tj ET Q q 0 0 0 rg BT 131.91 556.25 Td (our ) Tj ET Q q 0 0 0 rg BT 147.74 556.25 Td (opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 535.25 Td (In ) Tj ET Q q 0 0 0 rg BT 84.08 535.25 Td (our ) Tj ET Q q 0 0 0 rg BT 99.15 535.25 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 133.95 535.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.92 535.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 200.20 535.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 236.93 535.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 280.89 535.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 314.27 535.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.79 535.25 Td (above ) Tj ET Q q 0 0 0 rg BT 349.42 535.25 Td (present ) Tj ET Q q 0 0 0 rg BT 380.04 535.25 Td (fairly) Tj ET Q q 0 0 0 rg BT 401.04 535.25 Td (, ) Tj ET Q q 0 0 0 rg BT 405.29 535.25 Td (in ) Tj ET Q q 0 0 0 rg BT 414.81 535.25 Td (all ) Tj ET Q q 0 0 0 rg BT 426.55 535.25 Td (material ) Tj ET Q q 0 0 0 rg BT 461.06 535.25 Td (respects, ) Tj ET Q q 0 0 0 rg BT 497.51 535.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.47 535.25 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 523.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.24 523.25 Td (position ) Tj ET Q q 0 0 0 rg BT 121.73 523.25 Td (of ) Tj ET Q q 0 0 0 rg BT 132.32 523.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.80 523.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 187.95 523.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.43 523.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 255.78 523.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.78 523.25 Td ( ) Tj ET Q q 0 0 0 rg BT 278.04 523.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.74 523.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.74 523.25 Td (, ) Tj ET Q q 0 0 0 rg BT 319.50 523.25 Td (and ) Tj ET Q q 0 0 0 rg BT 336.20 523.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.68 523.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 403.49 523.25 Td (results ) Tj ET Q q 0 0 0 rg BT 431.86 523.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.45 523.25 Td (their ) Tj ET Q q 0 0 0 rg BT 463.04 523.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 506.95 523.25 Td (and ) Tj ET Q q 0 0 0 rg BT 523.65 523.25 Td (their ) Tj ET Q q 0 0 0 rg BT 544.24 523.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 74.66 511.25 Td (for ) Tj ET Q q 0 0 0 rg BT 88.76 511.25 Td (each ) Tj ET Q q 0 0 0 rg BT 109.52 511.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.29 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.95 511.25 Td (three ) Tj ET Q q 0 0 0 rg BT 157.37 511.25 Td (years ) Tj ET Q q 0 0 0 rg BT 180.91 511.25 Td (in ) Tj ET Q q 0 0 0 rg BT 191.13 511.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.79 511.25 Td (period ) Tj ET Q q 0 0 0 rg BT 233.77 511.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.09 511.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 318.62 511.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.62 511.25 Td (, ) Tj ET Q q 0 0 0 rg BT 343.56 511.25 Td (in ) Tj ET Q q 0 0 0 rg BT 353.78 511.25 Td (conformity ) Tj ET Q q 0 0 0 rg BT 400.65 511.25 Td (with ) Tj ET Q q 0 0 0 rg BT 420.87 511.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 441.09 511.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 480.73 511.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 518.15 511.25 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.25 Td (principles.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 478.25 Td (W) Tj ET Q q 0 0 0 rg BT 82.64 478.25 Td (e ) Tj ET Q q 0 0 0 rg BT 88.97 478.25 Td (also ) Tj ET Q q 0 0 0 rg BT 106.97 478.25 Td (have ) Tj ET Q q 0 0 0 rg BT 127.73 478.25 Td (audited, ) Tj ET Q q 0 0 0 rg BT 161.56 478.25 Td (in ) Tj ET Q q 0 0 0 rg BT 171.23 478.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 218.08 478.25 Td (with ) Tj ET Q q 0 0 0 rg BT 237.75 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.86 478.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 291.52 478.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.74 478.25 Td (the ) Tj ET Q q 0 0 0 rg BT 315.85 478.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 343.29 478.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 383.66 478.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 432.20 478.25 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 473.53 478.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 499.86 478.25 Td (\(United ) Tj ET Q q 0 0 0 rg BT 532.30 478.25 Td (States\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 466.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.18 466.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 110.73 466.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 143.24 466.25 Td (control ) Tj ET Q q 0 0 0 rg BT 173.53 466.25 Td (over ) Tj ET Q q 0 0 0 rg BT 193.27 466.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 230.21 466.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 268.84 466.25 Td (as ) Tj ET Q q 0 0 0 rg BT 279.13 466.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.43 466.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 347.48 466.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.48 466.25 Td (, ) Tj ET Q q 0 0 0 rg BT 371.95 466.25 Td (based ) Tj ET Q q 0 0 0 rg BT 396.68 466.25 Td (on ) Tj ET Q q 0 0 0 rg BT 408.65 466.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 438.93 466.25 Td (established ) Tj ET Q q 0 0 0 rg BT 485.33 466.25 Td (in ) Tj ET Q q 0 0 0 rg BT 495.07 466.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 528.13 466.25 Td (Control-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 454.25 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 93.41 454.25 Td (Framework ) Tj ET Q q 0 0 0 rg BT 142.40 454.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 170.28 454.25 Td (by ) Tj ET Q q 0 0 0 rg BT 183.16 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 198.26 454.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 245.58 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.79 454.25 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 305.24 454.25 Td (Or) Tj ET Q q 0 0 0 rg BT 315.61 454.25 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 364.03 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.24 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 390.13 454.25 Td (T) Tj ET Q q 0 0 0 rg BT 395.89 454.25 Td (readway ) Tj ET Q q 0 0 0 rg BT 432.64 454.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 486.09 454.25 Td (\(2013 ) Tj ET Q q 0 0 0 rg BT 512.30 454.25 Td (framework\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 442.25 Td (our ) Tj ET Q q 0 0 0 rg BT 82.77 442.25 Td (report ) Tj ET Q q 0 0 0 rg BT 109.15 442.25 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.30 442.25 Td (February26, ) Tj ET Q q 0 0 0 rg BT 186.90 442.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.90 442.25 Td ( ) Tj ET Q q 0 0 0 rg BT 209.40 442.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 251.33 442.25 Td (an ) Tj ET Q q 0 0 0 rg BT 263.27 442.25 Td (unqualified ) Tj ET Q q 0 0 0 rg BT 311.31 442.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 344.37 442.25 Td (thereon.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (/s/Ernst& ) Tj ET Q q 0 0 0 rg BT 95.46 421.25 Td (Y) Tj ET Q q 0 0 0 rg BT 101.68 421.25 Td (oung ) Tj ET Q q 0 0 0 rg BT 124.18 421.25 Td (LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 400.25 Td (New ) Tj ET Q q 0 0 0 rg BT 71.01 400.25 Td (Y) Tj ET Q q 0 0 0 rg BT 77.23 400.25 Td (ork, New ) Tj ET Q q 0 0 0 rg BT 116.57 400.25 Td (Y) Tj ET Q q 0 0 0 rg BT 122.79 400.25 Td (ork) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.25 Td (February26, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.60 388.25 Td ( ) Tj ET Q endstream endobj 141 0 obj <> endobj 142 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 181.05 742.25 Td (Report of Independent Register) Tj ET Q q 0 0 0 rg BT 316.13 742.25 Td (ed Public ) Tj ET Q q 0 0 0 rg BT 357.81 742.25 Td (Accounting Firm) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 721.25 Td (The Board of Directors and Shareholders of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 709.25 Td (Greenhill& Co., Inc. and Subsidiaries) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 685.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 685.25 Td (e ) Tj ET Q q 0 0 0 rg BT 100.86 685.25 Td (have ) Tj ET Q q 0 0 0 rg BT 121.52 685.25 Td (audited ) Tj ET Q q 0 0 0 rg BT 152.73 685.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 192.28 685.25 Td (& ) Tj ET Q q 0 0 0 rg BT 201.84 685.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 220.29 685.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 237.34 685.25 Td (and ) Tj ET Q q 0 0 0 rg BT 253.56 685.25 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 304.23 685.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 336.56 685.25 Td (control ) Tj ET Q q 0 0 0 rg BT 366.66 685.25 Td (over ) Tj ET Q q 0 0 0 rg BT 386.21 685.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 422.98 685.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 461.42 685.25 Td (as ) Tj ET Q q 0 0 0 rg BT 471.53 685.25 Td (of ) Tj ET Q BT 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BT 553.68 673.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.25 Td (the ) Tj ET Q q 0 0 0 rg BT 66.49 661.25 Td (T) Tj ET Q q 0 0 0 rg BT 72.25 661.25 Td (readway ) Tj ET Q q 0 0 0 rg BT 110.72 661.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 165.89 661.25 Td (\(2013 ) Tj ET Q q 0 0 0 rg BT 193.82 661.25 Td (framework\) ) Tj ET Q q 0 0 0 rg BT 245.63 661.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 265.78 661.25 Td (COSO ) Tj ET Q q 0 0 0 rg BT 297.06 661.25 Td (criteria\).Greenhill ) Tj ET Q q 0 0 0 rg BT 373.57 661.25 Td (& ) Tj ET Q q 0 0 0 rg BT 385.95 661.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 407.23 661.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 427.10 661.25 Td (and ) Tj ET Q q 0 0 0 rg BT 446.14 661.25 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 499.63 661.25 Td (management ) Tj ET Q q 0 0 0 rg BT 555.33 661.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 97.31 649.25 Td (for ) Tj ET Q q 0 0 0 rg BT 110.74 649.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 160.28 649.25 Td (ef) Tj ET Q q 0 0 0 rg BT 167.87 649.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 196.84 649.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 229.15 649.25 Td (control ) Tj ET Q q 0 0 0 rg BT 259.24 649.25 Td (over ) Tj ET Q q 0 0 0 rg BT 278.77 649.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 315.52 649.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 356.45 649.25 Td (and ) Tj ET Q q 0 0 0 rg BT 372.65 649.25 Td (for ) Tj ET Q q 0 0 0 rg BT 386.08 649.25 Td (its ) Tj ET Q q 0 0 0 rg BT 397.29 649.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 443.50 649.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.60 649.25 Td (the ) Tj ET Q q 0 0 0 rg BT 467.58 649.25 Td (ef) Tj ET Q q 0 0 0 rg BT 475.17 649.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 521.36 649.25 Td (of ) Tj ET Q q 0 0 0 rg BT 531.46 649.25 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.25 Td (control ) Tj ET Q q 0 0 0 rg BT 80.08 637.25 Td (over ) Tj ET Q q 0 0 0 rg BT 99.60 637.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 136.34 637.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 174.75 637.25 Td (included ) Tj ET Q q 0 0 0 rg BT 210.94 637.25 Td (in ) Tj ET Q q 0 0 0 rg BT 220.47 637.25 Td (the ) Tj ET Q q 0 0 0 rg BT 234.44 637.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 294.50 637.25 Td (Management) Tj ET Q q 0 0 0 rg BT 349.48 637.25 Td (s ) Tj ET Q q 0 0 0 rg BT 355.13 637.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 384.10 637.25 Td (on ) Tj ET Q q 0 0 0 rg BT 395.86 637.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 428.70 637.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 461.02 637.25 Td (over ) Tj ET Q q 0 0 0 rg BT 480.54 637.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 519.50 637.25 Td (Reporting. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 68.05 625.25 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 125.00 625.25 Td (is ) Tj ET Q q 0 0 0 rg BT 134.17 625.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.44 625.25 Td (express ) Tj ET Q q 0 0 0 rg BT 176.93 625.25 Td (an ) Tj ET Q q 0 0 0 rg BT 188.87 625.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 221.93 625.25 Td (on ) Tj ET Q q 0 0 0 rg BT 234.43 625.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.15 625.25 Td (company) Tj ET Q q 0 0 0 rg BT 288.58 625.25 Td (s ) Tj ET Q q 0 0 0 rg BT 294.97 625.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 328.01 625.25 Td (control ) Tj ET Q q 0 0 0 rg BT 358.84 625.25 Td (over ) Tj ET Q q 0 0 0 rg BT 379.11 625.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 416.59 625.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 455.74 625.25 Td (based ) Tj ET Q q 0 0 0 rg BT 481.01 625.25 Td (on ) Tj ET Q q 0 0 0 rg BT 493.51 625.25 Td (our ) Tj ET Q q 0 0 0 rg BT 509.34 625.25 Td (audit. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 601.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 601.25 Td (e ) Tj ET Q q 0 0 0 rg BT 101.73 601.25 Td (conducted ) Tj ET Q q 0 0 0 rg BT 145.49 601.25 Td (our ) Tj ET Q q 0 0 0 rg BT 161.47 601.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 184.13 601.25 Td (in ) Tj ET Q q 0 0 0 rg BT 194.56 601.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 242.18 601.25 Td (with ) Tj ET Q q 0 0 0 rg BT 262.62 601.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.49 601.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 317.92 601.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.91 601.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.78 601.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 371.99 601.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 412.95 601.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 462.26 601.25 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 504.36 601.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 531.46 601.25 Td (\(United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.25 Td (States\). ) Tj ET Q q 0 0 0 rg BT 81.52 589.25 Td (Those ) Tj ET Q q 0 0 0 rg BT 107.91 589.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 147.62 589.25 Td (require ) Tj ET Q q 0 0 0 rg BT 177.88 589.25 Td (that ) Tj ET Q q 0 0 0 rg BT 194.82 589.25 Td (we ) Tj ET Q q 0 0 0 rg BT 208.43 589.25 Td (plan ) Tj ET Q q 0 0 0 rg BT 227.59 589.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.98 589.25 Td (perform ) Tj ET Q q 0 0 0 rg BT 278.13 589.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.29 589.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 314.23 589.25 Td (to ) Tj ET Q q 0 0 0 rg BT 323.96 589.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 350.90 589.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 395.60 589.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 436.41 589.25 Td (about ) Tj ET Q q 0 0 0 rg BT 460.57 589.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 494.73 589.25 Td (ef) Tj ET Q q 0 0 0 rg BT 502.31 589.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 531.46 589.25 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.25 Td (control ) Tj ET Q q 0 0 0 rg BT 80.46 577.25 Td (over ) Tj ET Q q 0 0 0 rg BT 100.37 577.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 137.49 577.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 176.28 577.25 Td (was ) Tj ET Q q 0 0 0 rg BT 193.97 577.25 Td (maintained ) Tj ET Q q 0 0 0 rg BT 240.54 577.25 Td (in ) Tj ET Q q 0 0 0 rg BT 250.45 577.25 Td (all ) Tj ET Q q 0 0 0 rg BT 262.58 577.25 Td (material ) Tj ET Q q 0 0 0 rg BT 297.48 577.25 Td (respects. ) Tj ET Q q 0 0 0 rg BT 334.33 577.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 352.02 577.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 374.15 577.25 Td (included ) Tj ET Q q 0 0 0 rg BT 410.72 577.25 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 450.63 577.25 Td (an ) Tj ET Q q 0 0 0 rg BT 462.21 577.25 Td (understanding ) Tj ET Q q 0 0 0 rg BT 521.00 577.25 Td (of ) Tj ET Q q 0 0 0 rg BT 531.47 577.25 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (control ) Tj ET Q q 0 0 0 rg BT 80.45 565.25 Td (over ) Tj ET Q q 0 0 0 rg BT 100.34 565.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 137.45 565.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 178.73 565.25 Td (assessing ) Tj ET Q q 0 0 0 rg BT 218.08 565.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.42 565.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 249.55 565.25 Td (that ) Tj ET Q q 0 0 0 rg BT 266.67 565.25 Td (a ) Tj ET Q q 0 0 0 rg BT 273.23 565.25 Td (material ) Tj ET Q q 0 0 0 rg BT 308.12 565.25 Td (weakness ) Tj ET Q q 0 0 0 rg BT 348.56 565.25 Td (exists, ) Tj ET Q q 0 0 0 rg BT 375.96 565.25 Td (testing ) Tj ET Q q 0 0 0 rg BT 404.76 565.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.32 565.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 465.10 565.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.44 565.25 Td (design ) Tj ET Q q 0 0 0 rg BT 507.67 565.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.24 565.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 553.25 Td (ef) Tj ET Q q 0 0 0 rg BT 57.59 553.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 104.47 553.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.27 553.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 148.27 553.25 Td (control ) Tj ET Q q 0 0 0 rg BT 179.06 553.25 Td (based ) Tj ET Q q 0 0 0 rg BT 204.29 553.25 Td (on ) Tj ET Q q 0 0 0 rg BT 216.75 553.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.43 553.25 Td (assessed ) Tj ET Q q 0 0 0 rg BT 267.78 553.25 Td (risk, ) Tj ET Q q 0 0 0 rg BT 287.74 553.25 Td (and ) Tj ET Q q 0 0 0 rg BT 304.64 553.25 Td (performing ) Tj ET Q q 0 0 0 rg BT 352.09 553.25 Td (such ) Tj ET Q q 0 0 0 rg BT 372.88 553.25 Td (other ) Tj ET Q q 0 0 0 rg BT 395.89 553.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 442.22 553.25 Td (as ) Tj ET Q q 0 0 0 rg BT 453.01 553.25 Td (we ) Tj ET Q q 0 0 0 rg BT 467.13 553.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 512.91 553.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 554.24 553.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 541.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 541.25 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 126.18 541.25 Td (W) Tj ET Q q 0 0 0 rg BT 134.81 541.25 Td (e ) Tj ET Q q 0 0 0 rg BT 141.75 541.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 173.13 541.25 Td (that ) Tj ET Q q 0 0 0 rg BT 190.62 541.25 Td (our ) Tj ET Q q 0 0 0 rg BT 206.45 541.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 228.95 541.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 265.88 541.25 Td (a ) Tj ET Q q 0 0 0 rg BT 272.82 541.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 318.08 541.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 340.58 541.25 Td (for ) Tj ET Q q 0 0 0 rg BT 354.74 541.25 Td (our ) Tj ET Q q 0 0 0 rg BT 370.57 541.25 Td (opinion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 517.25 Td (A) Tj ET Q q 0 0 0 rg BT 92.67 517.25 Td ( ) Tj ET Q q 0 0 0 rg BT 95.53 517.25 Td (company) Tj ET Q q 0 0 0 rg BT 134.96 517.25 Td (s ) Tj ET Q q 0 0 0 rg BT 141.71 517.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 175.10 517.25 Td (control ) Tj ET Q q 0 0 0 rg BT 206.28 517.25 Td (over ) Tj ET Q q 0 0 0 rg BT 226.91 517.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 264.74 517.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 304.25 517.25 Td (is ) Tj ET Q q 0 0 0 rg BT 313.78 517.25 Td (a ) Tj ET Q q 0 0 0 rg BT 321.07 517.25 Td (process ) Tj ET Q q 0 0 0 rg BT 353.92 517.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 392.32 517.25 Td (to ) Tj ET Q q 0 0 0 rg BT 402.96 517.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 436.36 517.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 481.97 517.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 523.69 517.25 Td (regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 505.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.34 505.25 Td (reliability ) Tj ET Q q 0 0 0 rg BT 105.34 505.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.80 505.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 152.90 505.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 191.68 505.25 Td (and ) Tj ET Q q 0 0 0 rg BT 208.24 505.25 Td (the ) Tj ET Q q 0 0 0 rg BT 222.58 505.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 270.24 505.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.69 505.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 317.80 505.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 362.13 505.25 Td (for ) Tj ET Q q 0 0 0 rg BT 375.92 505.25 Td (external ) Tj ET Q q 0 0 0 rg BT 410.24 505.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 447.92 505.25 Td (in ) Tj ET Q q 0 0 0 rg BT 457.82 505.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 504.91 505.25 Td (with ) Tj ET Q q 0 0 0 rg BT 524.81 505.25 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 493.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 87.28 493.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 133.46 493.25 Td (principles. ) Tj ET Q q 0 0 0 rg BT 177.19 493.25 Td (A) Tj ET Q q 0 0 0 rg BT 183.86 493.25 Td ( ) Tj ET Q q 0 0 0 rg BT 186.17 493.25 Td (company) Tj ET Q q 0 0 0 rg BT 225.60 493.25 Td (s ) Tj ET Q q 0 0 0 rg BT 231.80 493.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 264.66 493.25 Td (control ) Tj ET Q q 0 0 0 rg BT 295.29 493.25 Td (over ) Tj ET Q q 0 0 0 rg BT 315.37 493.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 352.66 493.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 391.62 493.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 427.25 493.25 Td (those ) Tj ET Q q 0 0 0 rg BT 450.67 493.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 484.08 493.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.83 493.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 547.00 493.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 481.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 64.25 481.25 Td (pertain ) Tj ET Q q 0 0 0 rg BT 94.61 481.25 Td (to ) Tj ET Q q 0 0 0 rg BT 104.98 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.79 481.25 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 172.91 481.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.83 481.25 Td (records ) Tj ET Q q 0 0 0 rg BT 215.85 481.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 235.93 481.25 Td (in ) Tj ET Q q 0 0 0 rg BT 246.30 481.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 291.65 481.25 Td (detail, ) Tj ET Q q 0 0 0 rg BT 318.95 481.25 Td (accurately ) Tj ET Q q 0 0 0 rg BT 362.63 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.66 481.25 Td (fairly ) Tj ET Q q 0 0 0 rg BT 403.90 481.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 432.03 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.83 481.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 497.19 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 514.22 481.25 Td (dispositions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.98 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.85 469.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 101.84 469.25 Td (of ) Tj ET Q q 0 0 0 rg BT 112.82 469.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.69 469.25 Td (company; ) Tj ET Q q 0 0 0 rg BT 169.78 469.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 184.09 469.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 217.29 469.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 262.70 469.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 304.22 469.25 Td (that ) Tj ET Q q 0 0 0 rg BT 321.87 469.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 372.29 469.25 Td (are ) Tj ET Q q 0 0 0 rg BT 387.15 469.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 424.78 469.25 Td (as ) Tj ET Q q 0 0 0 rg BT 435.76 469.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 477.29 469.25 Td (to ) Tj ET Q q 0 0 0 rg BT 487.72 469.25 Td (permit ) Tj ET Q q 0 0 0 rg BT 516.47 469.25 Td (preparation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.54 457.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 99.73 457.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 145.16 457.25 Td (in ) Tj ET Q q 0 0 0 rg BT 156.15 457.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 204.32 457.25 Td (with ) Tj ET Q q 0 0 0 rg BT 225.31 457.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 265.73 457.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 303.91 457.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 350.99 457.25 Td (principles, ) Tj ET Q q 0 0 0 rg BT 396.14 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.79 457.25 Td (that ) Tj ET Q q 0 0 0 rg BT 432.00 457.25 Td (receipts ) Tj ET Q q 0 0 0 rg BT 466.30 457.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.95 457.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 538.26 457.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.80 457.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 445.25 Td (company ) Tj ET Q q 0 0 0 rg BT 89.37 445.25 Td (are ) Tj ET Q q 0 0 0 rg BT 104.29 445.25 Td (being ) Tj ET Q q 0 0 0 rg BT 129.22 445.25 Td (made ) Tj ET Q q 0 0 0 rg BT 153.59 445.25 Td (only ) Tj ET Q q 0 0 0 rg BT 174.08 445.25 Td (in ) Tj ET Q q 0 0 0 rg BT 184.57 445.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 232.25 445.25 Td (with ) Tj ET Q q 0 0 0 rg BT 252.74 445.25 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 312.11 445.25 Td (of ) Tj ET Q q 0 0 0 rg BT 323.15 445.25 Td (management ) Tj ET Q q 0 0 0 rg BT 376.95 445.25 Td (and ) Tj ET Q q 0 0 0 rg BT 394.10 445.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 431.80 445.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.85 445.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.78 445.25 Td (company; ) Tj ET Q q 0 0 0 rg BT 499.93 445.25 Td (and ) Tj ET Q q 0 0 0 rg BT 517.08 445.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 531.45 445.25 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 433.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 95.58 433.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 137.28 433.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 178.42 433.25 Td (prevention ) Tj ET Q q 0 0 0 rg BT 224.01 433.25 Td (or ) Tj ET Q q 0 0 0 rg BT 235.17 433.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 263.55 433.25 Td (detection ) Tj ET Q q 0 0 0 rg BT 303.03 433.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.19 433.25 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 369.22 433.25 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 418.43 433.25 Td (use ) Tj ET Q q 0 0 0 rg BT 434.59 433.25 Td (or ) Tj ET Q q 0 0 0 rg BT 445.75 433.25 Td (disposition ) Tj ET Q q 0 0 0 rg BT 492.48 433.25 Td (of ) Tj ET Q q 0 0 0 rg BT 503.63 433.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.68 433.25 Td (company) Tj ET Q q 0 0 0 rg BT 558.11 433.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.83 421.25 Td (that ) Tj ET Q q 0 0 0 rg BT 93.33 421.25 Td (could ) Tj ET Q q 0 0 0 rg BT 118.04 421.25 Td (have ) Tj ET Q q 0 0 0 rg BT 139.42 421.25 Td (a ) Tj ET Q q 0 0 0 rg BT 146.36 421.25 Td (material ) Tj ET Q q 0 0 0 rg BT 181.62 421.25 Td (ef) Tj ET Q q 0 0 0 rg BT 189.20 421.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 206.69 421.25 Td (on ) Tj ET Q q 0 0 0 rg BT 219.19 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.91 421.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 271.39 421.25 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 397.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 397.25 Td (Because ) Tj ET Q q 0 0 0 rg BT 122.47 397.25 Td (of ) Tj ET Q q 0 0 0 rg BT 133.95 397.25 Td (its ) Tj ET Q q 0 0 0 rg BT 146.55 397.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 182.46 397.25 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 230.89 397.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 264.58 397.25 Td (control ) Tj ET Q q 0 0 0 rg BT 296.06 397.25 Td (over ) Tj ET Q q 0 0 0 rg BT 316.98 397.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 355.11 397.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 394.92 397.25 Td (may ) Tj ET Q q 0 0 0 rg BT 415.28 397.25 Td (not ) Tj ET Q q 0 0 0 rg BT 431.21 397.25 Td (prevent ) Tj ET Q q 0 0 0 rg BT 464.35 397.25 Td (or ) Tj ET Q q 0 0 0 rg BT 475.83 397.25 Td (detect ) Tj ET Q q 0 0 0 rg BT 502.85 397.25 Td (misstatements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 385.25 Td (Also, ) Tj ET Q q 0 0 0 rg BT 73.81 385.25 Td (projections ) Tj ET Q q 0 0 0 rg BT 120.66 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 131.41 385.25 Td (any ) Tj ET Q q 0 0 0 rg BT 148.27 385.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 192.34 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.09 385.25 Td (ef) Tj ET Q q 0 0 0 rg BT 210.68 385.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 257.52 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 267.72 385.25 Td (future ) Tj ET Q q 0 0 0 rg BT 294.02 385.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 325.87 385.25 Td (are ) Tj ET Q q 0 0 0 rg BT 340.50 385.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 371.25 385.25 Td (to ) Tj ET Q q 0 0 0 rg BT 381.44 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 396.08 385.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 413.50 385.25 Td (that ) Tj ET Q q 0 0 0 rg BT 430.91 385.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 465.55 385.25 Td (may ) Tj ET Q q 0 0 0 rg BT 485.19 385.25 Td (become ) Tj ET Q q 0 0 0 rg BT 518.70 385.25 Td (inadequate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 373.25 Td (because ) Tj ET Q q 0 0 0 rg BT 84.15 373.25 Td (of ) Tj ET Q q 0 0 0 rg BT 94.98 373.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 129.68 373.25 Td (in ) Tj ET Q q 0 0 0 rg BT 139.96 373.25 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 186.63 373.25 Td (or ) Tj ET Q q 0 0 0 rg BT 197.46 373.25 Td (that ) Tj ET Q q 0 0 0 rg BT 214.95 373.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.67 373.25 Td (degree ) Tj ET Q q 0 0 0 rg BT 258.81 373.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.64 373.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 318.23 373.25 Td (with ) Tj ET Q q 0 0 0 rg BT 338.51 373.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.23 373.25 Td (policies ) Tj ET Q q 0 0 0 rg BT 386.83 373.25 Td (or ) Tj ET Q q 0 0 0 rg BT 397.66 373.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 444.03 373.25 Td (may ) Tj ET Q q 0 0 0 rg BT 463.75 373.25 Td (deteriorate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 349.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 349.25 Td (As ) Tj ET Q q 0 0 0 rg BT 100.47 349.25 Td (indicated ) Tj ET Q q 0 0 0 rg BT 140.48 349.25 Td (in ) Tj ET Q q 0 0 0 rg BT 151.61 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.18 349.25 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 228.85 349.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 284.41 349.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 314.98 349.25 Td (on ) Tj ET Q q 0 0 0 rg BT 328.34 349.25 Td (Internal ) Tj ET Q q 0 0 0 rg BT 362.79 349.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 396.70 349.25 Td (over ) Tj ET Q q 0 0 0 rg BT 417.82 349.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 458.39 349.25 Td (Reporting, ) Tj ET Q q 0 0 0 rg BT 504.24 349.25 Td (management) Tj ET Q q 0 0 0 rg BT 558.11 349.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 96.70 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 107.29 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 123.99 337.25 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 169.57 337.25 Td (on ) Tj ET Q q 0 0 0 rg BT 181.83 337.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.31 337.25 Td (ef) Tj ET Q q 0 0 0 rg BT 203.90 337.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 250.58 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 261.17 337.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 293.97 337.25 Td (control ) Tj ET Q q 0 0 0 rg BT 324.56 337.25 Td (over ) Tj ET Q q 0 0 0 rg BT 344.58 337.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 381.82 337.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 420.74 337.25 Td (did ) Tj ET Q q 0 0 0 rg BT 435.78 337.25 Td (not ) Tj ET Q q 0 0 0 rg BT 450.82 337.25 Td (include ) Tj ET Q q 0 0 0 rg BT 482.51 337.25 Td (the ) Tj ET Q q 0 0 0 rg BT 496.99 337.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 529.79 337.25 Td (controls ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.16 325.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 101.75 325.25 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 133.47 325.25 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 175.47 325.25 Td (LP) Tj ET Q q 0 0 0 rg BT 186.03 325.25 Td (, ) Tj ET Q q 0 0 0 rg BT 191.36 325.25 Td (which ) Tj ET Q q 0 0 0 rg BT 218.63 325.25 Td (is ) Tj ET Q q 0 0 0 rg BT 228.13 325.25 Td (included ) Tj ET Q q 0 0 0 rg BT 265.39 325.25 Td (in ) Tj ET Q q 0 0 0 rg BT 276.00 325.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.04 325.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 313.87 325.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 367.25 325.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 405.06 325.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 450.10 325.25 Td (of ) Tj ET Q q 0 0 0 rg BT 461.26 325.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 501.85 325.25 Td (& ) Tj ET Q q 0 0 0 rg BT 512.46 325.25 Td (Co, ) Tj ET Q q 0 0 0 rg BT 529.46 325.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 547.56 325.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.25 Td (constituted ) Tj ET Q q 0 0 0 rg BT 96.69 313.25 Td (5.5% ) Tj ET Q q 0 0 0 rg BT 120.34 313.25 Td (of ) Tj ET Q q 0 0 0 rg BT 131.48 313.25 Td (total ) Tj ET Q q 0 0 0 rg BT 152.07 313.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 180.71 313.25 Td (as ) Tj ET Q q 0 0 0 rg BT 191.85 313.25 Td (of ) Tj ET Q q 0 0 0 rg BT 202.99 313.25 Td (December ) Tj ET Q q 0 0 0 rg BT 246.89 313.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 262.20 313.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 285.01 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.27 313.25 Td (12.7% ) Tj ET Q q 0 0 0 rg BT 330.91 313.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.05 313.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 380.40 313.25 Td (for ) Tj ET Q q 0 0 0 rg BT 394.87 313.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.90 313.25 Td (year ) Tj ET Q q 0 0 0 rg BT 429.92 313.25 Td (then ) Tj ET Q q 0 0 0 rg BT 449.95 313.25 Td (ended. ) Tj ET Q q 0 0 0 rg BT 479.14 313.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 497.50 313.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 520.31 313.25 Td (of ) Tj ET Q q 0 0 0 rg BT 531.46 313.25 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.25 Td (control ) Tj ET Q q 0 0 0 rg BT 80.50 301.25 Td (over ) Tj ET Q q 0 0 0 rg BT 100.45 301.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 137.60 301.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 176.44 301.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.94 301.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 226.88 301.25 Td (& ) Tj ET Q q 0 0 0 rg BT 236.84 301.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 255.69 301.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 273.13 301.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.75 301.25 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 340.81 301.25 Td (also ) Tj ET Q q 0 0 0 rg BT 359.09 301.25 Td (did ) Tj ET Q q 0 0 0 rg BT 374.05 301.25 Td (not ) Tj ET Q q 0 0 0 rg BT 389.00 301.25 Td (include ) Tj ET Q q 0 0 0 rg BT 420.62 301.25 Td (an ) Tj ET Q q 0 0 0 rg BT 432.23 301.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 476.06 301.25 Td (of ) Tj ET Q q 0 0 0 rg BT 486.56 301.25 Td (the ) Tj ET Q q 0 0 0 rg BT 500.96 301.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 533.68 301.25 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.25 Td (over ) Tj ET Q q 0 0 0 rg BT 70.27 289.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 107.75 289.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 146.90 289.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.73 289.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 198.00 289.25 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 229.38 289.25 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 271.05 289.25 Td (LP) Tj ET Q q 0 0 0 rg BT 281.62 289.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 265.25 Td (In ) Tj ET Q q 0 0 0 rg BT 96.50 265.25 Td (our ) Tj ET Q q 0 0 0 rg BT 112.00 265.25 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 147.23 265.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 187.16 265.25 Td (& ) Tj ET Q q 0 0 0 rg BT 197.11 265.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 215.95 265.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 233.39 265.25 Td (and ) Tj ET Q q 0 0 0 rg BT 250.00 265.25 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 301.06 265.25 Td (maintained, ) Tj ET Q q 0 0 0 rg BT 350.16 265.25 Td (in ) Tj ET Q q 0 0 0 rg BT 360.10 265.25 Td (all ) Tj ET Q q 0 0 0 rg BT 372.27 265.25 Td (material ) Tj ET Q q 0 0 0 rg BT 407.20 265.25 Td (respects, ) Tj ET Q q 0 0 0 rg BT 444.08 265.25 Td (ef) Tj ET Q q 0 0 0 rg BT 451.66 265.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 481.04 265.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 513.75 265.25 Td (control ) Tj ET Q q 0 0 0 rg BT 544.24 265.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.48 253.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 126.64 253.25 Td (as ) Tj ET Q q 0 0 0 rg BT 137.47 253.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.30 253.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 206.88 253.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.88 253.25 Td (, ) Tj ET Q q 0 0 0 rg BT 231.88 253.25 Td (based ) Tj ET Q q 0 0 0 rg BT 257.15 253.25 Td (on ) Tj ET Q q 0 0 0 rg BT 269.65 253.25 Td (the ) Tj ET Q q 0 0 0 rg BT 284.37 253.25 Td (COSO ) Tj ET Q q 0 0 0 rg BT 313.54 253.25 Td (criteria.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 229.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 229.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.64 229.25 Td (e ) Tj ET Q q 0 0 0 rg BT 102.21 229.25 Td (also ) Tj ET Q q 0 0 0 rg BT 121.45 229.25 Td (have ) Tj ET Q q 0 0 0 rg BT 143.46 229.25 Td (audited, ) Tj ET Q q 0 0 0 rg BT 178.53 229.25 Td (in ) Tj ET Q q 0 0 0 rg BT 189.44 229.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 237.54 229.25 Td (with ) Tj ET Q q 0 0 0 rg BT 258.45 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.80 229.25 Td (standards ) Tj ET Q q 0 0 0 rg BT 314.70 229.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.17 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.52 229.25 Td (Public ) Tj ET Q q 0 0 0 rg BT 370.21 229.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 411.54 229.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 461.32 229.25 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 503.90 229.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 531.47 229.25 Td (\(United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 217.25 Td (States\), ) Tj ET Q q 0 0 0 rg BT 83.60 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 99.70 217.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 154.13 217.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 200.22 217.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.44 217.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 251.30 217.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 292.96 217.25 Td (as ) Tj ET Q q 0 0 0 rg BT 305.18 217.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.39 217.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 377.36 217.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.36 217.25 Td ( ) Tj ET Q q 0 0 0 rg BT 401.24 217.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.57 217.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.57 217.25 Td (, ) Tj ET Q q 0 0 0 rg BT 445.95 217.25 Td (and ) Tj ET Q q 0 0 0 rg BT 464.27 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.37 217.25 Td (related ) Tj ET Q q 0 0 0 rg BT 511.46 217.25 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.95 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 106.02 205.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 140.69 205.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 203.96 205.25 Td (income, ) Tj ET Q q 0 0 0 rg BT 238.64 205.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 273.58 205.25 Td (in ) Tj ET Q q 0 0 0 rg BT 284.10 205.25 Td (equity) Tj ET Q q 0 0 0 rg BT 308.45 205.25 Td (, ) Tj ET Q q 0 0 0 rg BT 313.69 205.25 Td (and ) Tj ET Q q 0 0 0 rg BT 330.86 205.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 351.37 205.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 376.33 205.25 Td (for ) Tj ET Q q 0 0 0 rg BT 390.73 205.25 Td (each ) Tj ET Q q 0 0 0 rg BT 411.79 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 422.86 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.81 205.25 Td (three ) Tj ET Q q 0 0 0 rg BT 460.54 205.25 Td (years ) Tj ET Q q 0 0 0 rg BT 484.38 205.25 Td (in ) Tj ET Q q 0 0 0 rg BT 494.89 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.85 205.25 Td (period ) Tj ET Q q 0 0 0 rg BT 538.13 205.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.76 193.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.76 193.25 Td ( ) Tj ET Q q 0 0 0 rg BT 131.43 193.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.44 193.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 182.88 193.25 Td (& ) Tj ET Q q 0 0 0 rg BT 193.33 193.25 Td (Co., ) Tj ET Q q 0 0 0 rg BT 212.67 193.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 230.62 193.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.73 193.25 Td (Subsidiaries ) Tj ET Q q 0 0 0 rg BT 299.29 193.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.41 193.25 Td (our ) Tj ET Q q 0 0 0 rg BT 332.41 193.25 Td (report ) Tj ET Q q 0 0 0 rg BT 358.96 193.25 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.29 193.25 Td (February26, ) Tj ET Q q 0 0 0 rg BT 437.07 193.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.07 193.25 Td (, ) Tj ET Q q 0 0 0 rg BT 462.24 193.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 504.34 193.25 Td (an ) Tj ET Q q 0 0 0 rg BT 516.46 193.25 Td (unqualified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 83.06 181.25 Td (thereon.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.25 Td (/s/Ernst& ) Tj ET Q q 0 0 0 rg BT 95.46 139.25 Td (Y) Tj ET Q q 0 0 0 rg BT 101.68 139.25 Td (oung ) Tj ET Q q 0 0 0 rg BT 124.18 139.25 Td (LLP) Tj ET Q q 0 0 0 rg BT 141.59 139.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.25 Td (New ) Tj ET Q q 0 0 0 rg BT 71.01 118.25 Td (Y) Tj ET Q q 0 0 0 rg BT 77.23 118.25 Td (ork, New ) Tj ET Q q 0 0 0 rg BT 116.57 118.25 Td (Y) Tj ET Q q 0 0 0 rg BT 122.79 118.25 Td (ork) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.25 Td (February26, 2016) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 143 0 obj <> endobj 144 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.40 742.25 Td (Gr) Tj ET Q q 0 0 0 rg BT 236.44 742.25 Td (eenhill& Co., Inc. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 203.75 730.25 Td (Consolidated Statements of Financial Condition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.70 718.25 Td (As of December) Tj ET Q q 0 0 0 rg BT 332.27 718.25 Td (31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 212.05 706.25 Td (\(in thousands except shar) Tj ET Q q 0 0 0 rg BT 314.16 706.25 Td (e and per shar) Tj ET Q q 0 0 0 rg BT 371.84 706.25 Td (e data\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 671.95 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 671.95 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 671.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 671.95 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 632.95 388.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 632.95 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 632.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 632.95 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 592.95 388.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 592.95 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 592.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 592.95 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 552.95 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 552.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 552.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 552.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 522.95 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 522.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 522.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 522.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 492.95 388.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 492.95 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 492.95 4.00 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/GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 373.95 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 373.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 373.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 373.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 323.95 388.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 323.95 60.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 323.95 4.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 323.95 60.00 -35.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 273.95 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 273.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 273.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 273.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 233.95 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 233.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 233.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 233.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 203.95 388.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 203.95 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 203.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 203.95 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 163.95 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 163.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 163.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 163.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 133.95 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 133.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 133.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 133.95 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 671.95 m 498.5 671.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 671.95 m 562.5 671.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 507.95000000000005 m 498.5 507.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 507.95000000000005 m 562.5 507.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 493.95000000000005 m 498.5 493.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 491.95000000000005 m 498.5 491.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 493.95000000000005 m 562.5 493.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 491.95000000000005 m 562.5 491.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 373.95000000000005 m 498.5 373.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 373.95000000000005 m 562.5 373.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 178.95000000000005 m 498.5 178.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 178.95000000000005 m 562.5 178.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 148.95000000000005 m 498.5 148.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 148.95000000000005 m 562.5 148.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 133.95000000000005 m 498.5 133.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 133.95000000000005 m 562.5 133.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 133.95000000000005 m 498.5 133.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 119.95000000000005 m 498.5 119.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 117.95000000000005 m 498.5 117.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 119.95000000000005 m 562.5 119.95000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 117.95000000000005 m 562.5 117.95000000000005 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 458.00 675.68 Td (2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.00 675.68 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 662.68 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 648.52 Td (Cash and cash equivalents \($4.7million and $6.2million restricted from use at December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 638.52 Td (2015 and 2014, respectively\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 637.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 637.62 Td (69,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 637.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 637.62 Td (50,940) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 623.52 Td (Advisory fees receivable, net of allowance for doubtful accounts of $0.3million and $0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 613.52 Td (million at December31, 2015 and 2014, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 612.62 Td (64,430) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 612.62 Td (81,771) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 598.52 Td (Other receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 597.62 Td (5,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 597.62 Td (5,493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 583.52 Td (Property and equipment, net of accumulated depreciation of $58.5million at December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 573.52 Td (2015 and 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 572.62 Td (9,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 572.62 Td (10,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 558.52 Td (Investments in merchant banking funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 557.62 Td (3,575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 557.62 Td (4,173) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 543.52 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 542.62 Td (209,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 542.62 Td (130,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 528.52 Td (Deferred tax asset, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 527.62 Td (56,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 527.62 Td (50,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 513.52 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 512.62 Td (5,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 512.62 Td (3,718) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 498.52 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 497.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 497.62 Td (423,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 497.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 497.62 Td (337,650) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 483.68 Td (Liabilities and Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 469.52 Td (Compensation payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 468.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 468.62 Td (22,133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 468.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 468.62 Td (26,404) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 454.52 Td (Accounts payable and accrued expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 453.62 Td (9,858) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 453.62 Td (9,035) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 439.52 Td (Current income taxes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 438.62 Td (19,020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 438.62 Td (10,007) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 424.52 Td (Bank revolving loan payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 423.62 Td (39,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 423.62 Td (35,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 409.52 Td (Bank term loans payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 408.62 Td (33,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 408.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 394.52 Td (Contingent obligation due selling unitholders of Cogent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 393.62 Td (13,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 393.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 379.52 Td (Deferred tax liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 378.62 Td (1,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 378.62 Td (362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 364.52 Td (Total liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 363.62 Td (139,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 363.62 Td (81,408) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 349.52 Td (Common stock, par value $0.01 per share; 100,000,000shares authorized, 40,511,209 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 339.52 Td (38,898,163 shares issued as of December31, 2015 and 2014, respectively; 29,325,374 and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 329.52 Td (28,053,563 shares outstanding as of December31, 2015 and 2014, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 328.62 Td (405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 328.62 Td (389) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 314.52 Td (Contingent convertible preferred stock, par value $0.01 per share; 10,000,000shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 304.52 Td (authorized, 1,099,877shares issued as of December31, 2015 and 2014, respectively; 0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 294.52 Td (and 439,951 shares outstanding as of December 31, 2015 and 2014, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 293.62 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 293.62 Td (14,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 279.52 Td (Restricted stock units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 278.62 Td (84,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 278.62 Td (90,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 264.52 Td (Additional paid-in capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 263.62 Td (697,607) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 263.62 Td (596,463) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 249.52 Td (Exchangeable shares of subsidiary; 257,156shares issued as of December31, 2015 and 2014;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 239.52 Td (32,804 shares outstanding as of December31, 2015 and 2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 238.62 Td (1,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 238.62 Td (1,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 224.52 Td (Retained earnings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 223.62 Td (109,860) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 223.62 Td (141,290) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 209.52 Td (Accumulated other comprehensive income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 208.67 Td (\(28,405) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 208.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 208.67 Td (\(17,969) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 208.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 194.52 Td (Treasury stock, at cost, par value $0.01 per share; 11,185,835 and 10,844,600 shares as of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 184.52 Td (December31, 2015 and 2014, respectively) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 183.67 Td (\(583,038) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 183.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.80 183.67 Td (\(571,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 183.62 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 169.52 Td (Stockholders equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 168.62 Td (283,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 168.62 Td (255,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 154.52 Td (Noncontrolling interests) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 153.62 Td (694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 153.62 Td (694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 139.52 Td (Total equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 138.62 Td (284,050) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 138.62 Td (256,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 124.52 Td (Total liabilities and equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 123.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 123.62 Td (423,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 123.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 123.62 Td (337,650) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 182.25 95.45 Td (See accompanying notes to consolidated financial statements.) Tj ET Q endstream endobj 145 0 obj <> endobj 146 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.40 742.25 Td (Gr) Tj ET Q q 0 0 0 rg BT 236.44 742.25 Td (eenhill& Co., Inc. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 230.55 730.25 Td (Consolidated Statements of Income) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.60 718.25 Td (Y) Tj ET Q q 0 0 0 rg BT 254.71 718.25 Td (ears Ended December) Tj ET Q q 0 0 0 rg BT 348.40 718.25 Td (31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 212.05 706.25 Td (\(in thousands except shar) Tj ET Q q 0 0 0 rg BT 314.16 706.25 Td (e and per shar) Tj ET Q q 0 0 0 rg BT 371.84 706.25 Td (e data\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 671.95 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 671.95 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 671.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 671.95 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 671.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 671.95 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 642.95 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 642.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 642.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 642.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 642.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 642.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 612.95 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 612.95 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 612.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 612.95 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 612.95 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 612.95 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 583.95 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 583.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 583.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 583.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 583.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 583.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 553.95 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 553.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 553.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 553.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 553.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 553.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 523.95 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 523.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 523.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 523.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 523.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 523.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 493.95 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 493.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 493.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 493.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 493.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 493.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 463.95 324.00 -15.00 re f /GS0 gs 0.8 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434.5 517.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 517.15 m 498.5 517.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 517.15 m 562.5 517.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 504.15 m 434.5 504.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 504.15 m 498.5 504.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 504.15 m 562.5 504.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 439.15 m 434.5 439.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 439.15 m 498.5 439.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 439.15 m 562.5 439.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 426.15 m 434.5 426.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 426.15 m 498.5 426.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 426.15 m 562.5 426.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 387.15 m 434.5 387.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 387.15 m 498.5 387.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 387.15 m 562.5 387.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 374.15 m 434.5 374.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 374.15 m 498.5 374.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 374.15 m 562.5 374.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 309.15 m 434.5 309.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 309.15 m 498.5 309.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 309.15 m 562.5 309.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 296.15 m 434.5 296.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 309.15 m 498.5 309.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 296.15 m 498.5 296.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 309.15 m 562.5 309.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 296.15 m 562.5 296.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 257.15 m 434.5 257.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 257.15 m 498.5 257.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 257.15 m 562.5 257.15 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 244.14999999999998 m 434.5 244.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 244.14999999999998 m 498.5 244.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 244.14999999999998 m 562.5 244.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 205.14999999999998 m 434.5 205.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 205.14999999999998 m 498.5 205.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 205.14999999999998 m 562.5 205.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 192.14999999999998 m 434.5 192.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 192.14999999999998 m 498.5 192.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 192.14999999999998 m 562.5 192.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 179.14999999999998 m 434.5 179.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 179.14999999999998 m 498.5 179.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 179.14999999999998 m 562.5 179.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 140.14999999999998 m 434.5 140.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 140.14999999999998 m 498.5 140.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 140.14999999999998 m 562.5 140.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 127.14999999999998 m 434.5 127.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 127.14999999999998 m 498.5 127.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 127.14999999999998 m 562.5 127.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 115.14999999999998 m 434.5 115.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 113.14999999999998 m 434.5 113.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 115.14999999999998 m 498.5 115.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 113.14999999999998 m 498.5 113.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 115.14999999999998 m 562.5 115.14999999999998 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 113.14999999999998 m 562.5 113.14999999999998 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 677.38 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 677.38 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 677.38 Td (2013) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 664.22 Td (Common stock, par value $0.01 per share) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 651.06 Td (Common stock, beginning of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 651.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.55 651.06 Td (389) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 651.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 480.55 651.06 Td (379) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 651.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 544.55 651.06 Td (365) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 638.06 Td (Common stock issued) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.30 638.06 Td (16) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.30 638.06 Td (10) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 638.06 Td (14) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 625.06 Td (Common stock, end of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.55 625.06 Td (405) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 480.55 625.06 Td (389) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 544.55 625.06 Td (379) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 612.22 Td (Contingent convertible preferred stock, par value $0.01 per share) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 599.06 Td (Contingent convertible preferred stock, beginning of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.65 599.06 Td (14,446) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.65 599.06 Td (14,446) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 599.06 Td (46,950) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 586.06 Td (Contingent convertible preferred stock canceled or converted) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.50 586.06 Td (\(14,446) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 586.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.30 586.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 586.06 Td (\(32,504) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 586.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 573.06 Td (Contingent convertible preferred stock, end of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.30 573.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.65 573.06 Td (14,446) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 573.06 Td (14,446) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 560.22 Td (Restricted stock units) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 547.06 Td (Restricted stock units, beginning of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.65 547.06 Td (90,107) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 547.06 Td (117,258) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 547.06 Td (107,253) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 534.06 Td (Restricted stock units recognized, net of forfeitures) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.65 534.06 Td (47,071) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.65 534.06 Td (39,990) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 534.06 Td (56,100) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 521.06 Td (Restricted stock units delivered) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.50 521.06 Td (\(52,209) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 521.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 465.50 521.06 Td (\(67,141) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 521.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 521.06 Td (\(46,095) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 521.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 508.06 Td (Restricted stock units, end of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.65 508.06 Td (84,969) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.65 508.06 Td (90,107) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 508.06 Td (117,258) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 495.22 Td (Additional paid-in capital) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 482.06 Td (Additional paid-in capital, beginning of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 482.06 Td (596,463) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 482.06 Td (534,533) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 482.06 Td (458,642) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 469.06 Td (Common stock issued and contingently issued common stock) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.65 469.06 Td (94,554) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.65 469.06 Td (66,591) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 469.06 Td (77,920) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 456.06 Td (Contingent convertible preferred stock canceled) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.65 456.06 Td (14,446) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.30 456.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 456.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 443.06 Td (Tax benefit \(expense\) from the delivery of restricted stock units) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 406.25 443.06 Td (\(7,856) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 443.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 470.25 443.06 Td (\(4,661) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 443.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 443.06 Td (\(2,029) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 443.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 430.06 Td (Additional paid-in capital, end of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 430.06 Td (697,607) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 430.06 Td (596,463) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 430.06 Td (534,533) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 417.22 Td (Exchangeable shares of subsidiary) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 404.06 Td (Exchangeable shares of subsidiary, beginning of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 409.40 404.06 Td (1,958) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.40 404.06 Td (1,958) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 404.06 Td (1,958) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 391.06 Td (Exchangeable shares of subsidiary delivered) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.30 391.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.30 391.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.30 391.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 378.06 Td (Exchangeable shares of subsidiary, end of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 409.40 378.06 Td (1,958) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.40 378.06 Td (1,958) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 378.06 Td (1,958) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 365.22 Td (Retained earnings) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 352.06 Td (Retained earnings, beginning of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 352.06 Td (141,290) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 352.06 Td (152,412) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 352.06 Td (159,918) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 339.06 Td (Dividends) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.50 339.06 Td (\(58,940) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 339.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 465.50 339.06 Td (\(56,283) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 339.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 339.06 Td (\(56,225) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 339.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 326.06 Td (Tax benefit from payment of restricted stock unit dividends) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 409.40 326.06 Td (1,912) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.40 326.06 Td (1,773) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 326.06 Td (2,037) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 313.06 Td (Net income allocated to common stockholders) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.65 313.06 Td (25,598) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.65 313.06 Td (43,388) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.65 313.06 Td (46,682) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 300.06 Td (Retained earnings, end of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 300.06 Td (109,860) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 300.06 Td (141,290) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 300.06 Td (152,412) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 287.22 Td (Accumulated other comprehensive income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 274.06 Td (Accumulated other comprehensive income, beginning of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.50 274.06 Td (\(17,969) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 274.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 470.25 274.06 Td (\(9,361) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 274.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 274.06 Td (6,624) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 261.06 Td (Currency translation adjustment, net of tax) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.50 261.06 Td (\(10,436) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 261.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 470.25 261.06 Td (\(8,608) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 261.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 261.06 Td (\(15,985) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 261.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 248.06 Td (Accumulated other comprehensive income \(loss\), end of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.50 248.06 Td (\(28,405) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 248.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 465.50 248.06 Td (\(17,969) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 248.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.25 248.06 Td (\(9,361) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 248.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 235.22 Td (Treasury stock, at cost, par value $0.01 per share) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 222.06 Td (Treasury stock, beginning of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 396.75 222.06 Td (\(571,136) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 222.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 460.75 222.06 Td (\(534,957) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 222.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 222.06 Td (\(479,551) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 222.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 209.06 Td (Repurchased) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.50 209.06 Td (\(11,902) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 209.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 465.50 209.06 Td (\(36,179) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 209.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.50 209.06 Td (\(55,406) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 209.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 196.06 Td (Treasury stock, end of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 396.75 196.06 Td (\(583,038) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.80 196.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 460.75 196.06 Td (\(571,136) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 196.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.75 196.06 Td (\(534,957) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 196.06 Td (\)) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 183.22 Td (Total stockholders equity) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 183.06 Td (283,356) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 183.06 Td (255,548) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 183.06 Td (276,668) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 170.22 Td (Noncontrolling interests) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 157.06 Td (Noncontrolling interests, beginning of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.55 157.06 Td (694) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.40 157.06 Td (1,042) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 157.06 Td (1,353) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 144.06 Td (Distributions to noncontrolling interests) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.30 144.06 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 477.35 144.06 Td (\(348) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.80 144.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 541.35 144.06 Td (\(311) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.80 144.06 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 131.06 Td (Noncontrolling interests, end of the year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.55 131.06 Td (694) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 480.55 131.06 Td (694) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.40 131.06 Td (1,042) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 118.22 Td (Total equity) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 118.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 399.90 118.06 Td (284,050) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 118.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.90 118.06 Td (256,242) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 118.06 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.90 118.06 Td (277,710) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 182.25 90.65 Td (See accompanying notes to consolidated financial statements.) Tj ET Q endstream endobj 151 0 obj <> endobj 152 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.05 31.60 Td (F-9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.40 742.25 Td (Gr) Tj ET Q q 0 0 0 rg BT 236.44 742.25 Td (eenhill& Co., Inc. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 221.80 730.25 Td (Consolidated Statements of Cash Flows) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 248.60 718.25 Td (Y) Tj ET Q q 0 0 0 rg BT 254.71 718.25 Td (ears Ended December) Tj ET Q q 0 0 0 rg BT 348.40 718.25 Td (31,) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 277.25 706.25 Td (\(in thousands\)) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 670.75 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 670.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 670.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 670.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 670.75 4.00 -13.00 re f /GS0 gs 0.8 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0.9333333333333333 1 rg /GS0 gs 374.50 180.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 180.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 180.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 180.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 180.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 154.75 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 154.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 154.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 154.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 154.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 154.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 128.75 324.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 128.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 128.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 128.75 60.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 128.75 4.00 -13.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 128.75 60.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 670.75 m 434.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 670.75 m 498.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 670.75 m 562.5 670.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 451.75 m 434.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 451.75 m 498.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 451.75 m 562.5 451.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 347.75 m 434.5 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 347.75 m 498.5 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 347.75 m 562.5 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 347.75 m 434.5 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 347.75 m 498.5 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 347.75 m 562.5 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 206.75 m 434.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 206.75 m 498.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 206.75 m 562.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 206.75 m 498.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 206.75 m 562.5 206.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 180.75 m 434.5 180.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 180.75 m 498.5 180.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 180.75 m 562.5 180.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 180.75 m 498.5 180.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 180.75 m 562.5 180.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 154.75 m 434.5 154.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 154.75 m 498.5 154.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 154.75 m 562.5 154.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 142.75 m 434.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 140.75 m 434.5 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 154.75 m 498.5 154.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 142.75 m 498.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 140.75 m 498.5 140.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 154.75 m 562.5 154.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 142.75 m 562.5 142.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 140.75 m 562.5 140.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 674.98 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 674.98 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 674.98 Td (2013) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 661.82 Td (Operating activities:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 648.66 Td (Consolidated net income) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 648.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.50 648.66 Td (25,598) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 648.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.50 648.66 Td (43,388) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 648.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.50 648.66 Td (46,682) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 635.66 Td (Adjustments to reconcile consolidated net income to net cash provided by) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 626.16 Td (operating activities:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 611.66 Td (Non-cash items included in consolidated net income:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 598.66 Td (Depreciation and amortization) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 409.25 598.66 Td (3,433) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.25 598.66 Td (3,228) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.25 598.66 Td (4,461) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 585.66 Td (Net investment \(gains\) losses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 413.20 585.66 Td (\(234) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.65 585.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.25 585.66 Td (6,594) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.25 585.66 Td (1,418) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 572.66 Td (Restricted stock units recognized) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.50 572.66 Td (47,071) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.50 572.66 Td (39,990) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.50 572.66 Td (56,100) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 559.66 Td (Deferred taxes) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 406.10 559.71 Td (\(6,058) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.65 559.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.25 559.66 Td (3,633) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.10 559.71 Td (\(7,710) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.65 559.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 546.66 Td (Deferred gain on sale of certain merchant banking assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.15 546.66 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 477.20 546.66 Td (\(195) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.65 546.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 541.20 546.66 Td (\(195) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.65 546.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 533.66 Td (Losses on fair value of contingent obligation) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.40 533.66 Td (503) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.15 533.66 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.15 533.66 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 520.66 Td (Changes in operating assets and liabilities:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 507.66 Td (Advisory fees receivable) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.50 507.66 Td (17,341) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.25 507.66 Td (3,465) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.35 507.71 Td (\(30,792) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.65 507.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 494.66 Td (Other receivables and assets) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 406.10 494.71 Td (\(1,779) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.65 494.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 470.10 494.71 Td (\(4,099) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.65 494.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.10 494.71 Td (\(1,333) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.65 494.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 481.66 Td (Compensation payable) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 406.10 481.71 Td (\(4,271) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.65 481.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.50 481.66 Td (12,554) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.10 481.71 Td (\(7,556) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.65 481.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 468.66 Td (Accounts payable and accrued expenses) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 409.25 468.66 Td (2,135) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.15 468.66 Td (69) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.25 468.66 Td (7,162) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 455.66 Td (Current income taxes payable) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 409.25 455.66 Td (9,012) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 470.10 455.71 Td (\(5,338) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.65 455.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 541.20 455.66 Td (\(452) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.65 455.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 442.66 Td (Net cash provided by operating activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.50 442.66 Td (92,751) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 463.75 442.66 Td (103,289) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.50 442.66 Td (67,785) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 429.82 Td (Investing activities:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 416.66 Td (Purchases of investments) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 417.95 416.66 Td (\(21) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.65 416.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 481.95 416.66 Td (\(28) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.65 416.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 541.20 416.66 Td (\(560) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.65 416.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 403.66 Td (Proceeds from sales of investments) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.15 403.66 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.15 403.66 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.50 403.66 Td (36,230) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 390.66 Td (Distributions from investments) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 416.40 390.66 Td (853) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 480.40 390.66 Td (658) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 537.25 390.66 Td (1,283) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 377.32 Td (Purchases of property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 377.37 Td (\(2,242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 377.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 377.37 Td (\(2,439) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 377.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 377.37 Td (\(1,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 377.32 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 364.66 Td (Contingent obligation due selling unitholders of Cogent) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.50 364.66 Td (13,144) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.15 364.66 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.15 364.66 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 351.66 Td (Cogent acquisition) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.35 351.71 Td (\(45,265) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.65 351.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.15 351.66 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.15 351.66 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 338.66 Td (Net cash provided by \(used in\) investing activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.35 338.71 Td (\(33,531) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.65 338.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 470.10 338.71 Td (\(1,809) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.65 338.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.50 338.66 Td (35,802) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 325.82 Td (Financing activities:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 312.66 Td (Proceeds from revolving bank loan) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.50 312.66 Td (80,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.50 312.66 Td (72,176) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 527.75 312.66 Td (109,150) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 299.66 Td (Repayment of revolving bank loan) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.35 299.71 Td (\(75,800) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.65 299.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 465.35 299.71 Td (\(67,425) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.65 299.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.60 299.71 Td (\(107,426) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.65 299.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 286.66 Td (Proceeds from bank term loans) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.50 286.66 Td (45,000) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.15 286.66 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.15 286.66 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 273.66 Td (Repayment of bank term loans) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.35 273.71 Td (\(11,250) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.65 273.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.15 273.66 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 549.15 273.66 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 260.66 Td (Distributions to noncontrolling interests) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 421.15 260.66 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 485.15 260.66 Td () Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 541.20 260.66 Td (\(311) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.65 260.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 247.66 Td (Dividends paid) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.35 247.71 Td (\(58,940) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.65 247.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 465.35 247.71 Td (\(56,283) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.65 247.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.35 247.71 Td (\(56,225) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.65 247.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 234.66 Td (Purchase of treasury stock) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.35 234.71 Td (\(11,902) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.65 234.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 465.35 234.71 Td (\(36,179) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.65 234.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 529.35 234.71 Td (\(55,406) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.65 234.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 221.66 Td (Net tax benefit \(cost\) from the delivery of restricted stock units and payment of) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 71.00 212.16 Td (dividend equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 406.10 211.36 Td (\(5,944) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.65 211.31 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 470.10 211.36 Td (\(2,888) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.65 211.31 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 553.90 211.31 Td (8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 89.00 197.66 Td (Net cash used in financing activities) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 401.35 197.71 Td (\(38,836) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.65 197.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 465.35 197.71 Td (\(90,599) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.65 197.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 524.60 197.71 Td (\(110,210) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.65 197.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 184.66 Td (Effect of exchange rate changes on cash and cash equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 406.10 184.71 Td (\(1,362) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 430.65 184.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 470.10 184.71 Td (\(2,620) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 494.65 184.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.10 184.71 Td (\(1,022) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.65 184.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 171.66 Td (Net increase \(decrease\) in cash and cash equivalents) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.50 171.66 Td (19,022) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.25 171.66 Td (8,261) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 534.10 171.71 Td (\(7,645) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 558.65 171.66 Td (\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 158.66 Td (Cash and cash equivalents, beginning of year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.50 158.66 Td (50,940) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.50 158.66 Td (42,679) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.50 158.66 Td (50,324) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 145.66 Td (Cash and cash equivalents, end of year) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 145.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.50 145.66 Td (69,962) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 145.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.50 145.66 Td (50,940) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 145.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.50 145.66 Td (42,679) Tj ET Q BT /F2 9.50 Tf ET q 0 0 0 rg BT 53.00 132.82 Td (Supplemental disclosure of cash flow information:) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 119.66 Td (Cash paid for interest) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 119.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 409.25 119.66 Td (2,427) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 119.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 473.25 119.66 Td (1,116) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 119.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 544.40 119.66 Td (989) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 53.00 106.66 Td (Cash paid for taxes, net of refunds) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 377.00 106.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 404.50 106.66 Td (14,445) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 441.00 106.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 468.50 106.66 Td (26,079) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 505.00 106.66 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 532.50 106.66 Td (32,521) Tj ET Q BT /F1 10.00 Tf ET BT /F3 10.00 Tf ET q 0 0 0 rg BT 182.25 79.25 Td (See accompanying notes to consolidated financial statements.) Tj ET Q endstream endobj 153 0 obj <> endobj 154 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-10) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 224.40 742.25 Td (Gr) Tj ET Q q 0 0 0 rg BT 236.44 742.25 Td (eenhill& Co., Inc. and Subsidiaries) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.20 730.25 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.25 Td (Note1 Organization) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 694.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 677.75 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 125.30 677.75 Td (Co., ) Tj ET Q q 0 0 0 rg BT 145.22 677.75 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 166.24 677.75 Td (a ) Tj ET Q q 0 0 0 rg BT 173.93 677.75 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 215.49 677.75 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 267.34 677.75 Td (together ) Tj ET Q q 0 0 0 rg BT 303.36 677.75 Td (with ) Tj ET Q q 0 0 0 rg BT 324.39 677.75 Td (its ) Tj ET Q q 0 0 0 rg BT 337.09 677.75 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 387.56 677.75 Td (\(collectively) Tj ET Q q 0 0 0 rg BT 436.89 677.75 Td (, ) Tj ET Q q 0 0 0 rg BT 442.64 677.75 Td (the ) Tj ET Q q 0 0 0 rg BT 458.11 677.75 Td (Company\), ) Tj ET Q q 0 0 0 rg BT 514.96 677.75 Td (is ) Tj ET Q q 0 0 0 rg BT 524.88 677.75 Td (a ) Tj ET Q q 0 0 0 rg BT 532.57 677.75 Td (leading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 104.97 665.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 154.94 665.75 Td (bank ) Tj ET Q q 0 0 0 rg BT 180.48 665.75 Td (focused ) Tj ET Q q 0 0 0 rg BT 217.67 665.75 Td (on ) Tj ET Q q 0 0 0 rg BT 233.76 665.75 Td (providing ) Tj ET Q q 0 0 0 rg BT 278.74 665.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 319.82 665.75 Td (advice ) Tj ET Q q 0 0 0 rg BT 352.01 665.75 Td (on ) Tj ET Q q 0 0 0 rg BT 368.10 665.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 416.41 665.75 Td (mer) Tj ET Q q 0 0 0 rg BT 431.77 665.75 Td (gers, ) Tj ET Q q 0 0 0 rg BT 457.03 665.75 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 513.39 665.75 Td (divestitures, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 653.75 Td (restructurings, ) Tj ET Q q 0 0 0 rg BT 110.23 653.75 Td (financings ) Tj ET Q q 0 0 0 rg BT 154.63 653.75 Td (and ) Tj ET Q q 0 0 0 rg BT 171.82 653.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 201.21 653.75 Td (raising ) Tj ET Q q 0 0 0 rg BT 231.17 653.75 Td (to ) Tj ET Q q 0 0 0 rg BT 241.70 653.75 Td (corporations, ) Tj ET Q q 0 0 0 rg BT 296.93 653.75 Td (partnerships, ) Tj ET Q q 0 0 0 rg BT 351.05 653.75 Td (institutions ) Tj ET Q q 0 0 0 rg BT 398.25 653.75 Td (and ) Tj ET Q q 0 0 0 rg BT 415.43 653.75 Td (governments. ) Tj ET Q q 0 0 0 rg BT 472.14 653.75 Td (The ) Tj ET Q q 0 0 0 rg BT 490.43 653.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 532.06 653.75 Td (acts ) Tj ET Q q 0 0 0 rg BT 550.35 653.75 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 641.75 Td (clients ) Tj ET Q q 0 0 0 rg BT 78.45 641.75 Td (located ) Tj ET Q q 0 0 0 rg BT 109.67 641.75 Td (throughout ) Tj ET Q q 0 0 0 rg BT 155.90 641.75 Td (the ) Tj ET Q q 0 0 0 rg BT 170.46 641.75 Td (world ) Tj ET Q q 0 0 0 rg BT 196.14 641.75 Td (from ) Tj ET Q q 0 0 0 rg BT 217.92 641.75 Td (its ) Tj ET Q q 0 0 0 rg BT 229.71 641.75 Td (of) Tj ET Q q 0 0 0 rg BT 237.86 641.75 Td (fices ) Tj ET Q q 0 0 0 rg BT 259.08 641.75 Td (located ) Tj ET Q q 0 0 0 rg BT 290.30 641.75 Td (in ) Tj ET Q q 0 0 0 rg BT 300.42 641.75 Td (the ) Tj ET Q q 0 0 0 rg BT 314.99 641.75 Td (United ) Tj ET Q q 0 0 0 rg BT 344.55 641.75 Td (States, ) Tj ET Q q 0 0 0 rg BT 373.28 641.75 Td (United ) Tj ET Q q 0 0 0 rg BT 402.84 641.75 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 445.47 641.75 Td (Germany) Tj ET Q q 0 0 0 rg BT 482.02 641.75 Td (, ) Tj ET Q q 0 0 0 rg BT 486.87 641.75 Td (Sweden, ) Tj ET Q q 0 0 0 rg BT 522.86 641.75 Td (Australia, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.75 Td (Japan, ) Tj ET Q q 0 0 0 rg BT 77.77 629.75 Td (Hong ) Tj ET Q q 0 0 0 rg BT 102.49 629.75 Td (Kong, ) Tj ET Q q 0 0 0 rg BT 129.71 629.75 Td (Singapore, ) Tj ET Q q 0 0 0 rg BT 175.26 629.75 Td (Canada ) Tj ET Q q 0 0 0 rg BT 207.74 629.75 Td (and ) Tj ET Q q 0 0 0 rg BT 224.68 629.75 Td (Brazil.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 608.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.73 608.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 138.50 608.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 176.78 608.75 Td (as ) Tj ET Q q 0 0 0 rg BT 187.29 608.75 Td (an ) Tj ET Q q 0 0 0 rg BT 198.91 608.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 244.98 608.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 279.38 608.75 Td (firm ) Tj ET Q q 0 0 0 rg BT 298.78 608.75 Td (constitute ) Tj ET Q q 0 0 0 rg BT 339.85 608.75 Td (a ) Tj ET Q q 0 0 0 rg BT 346.47 608.75 Td (single ) Tj ET Q q 0 0 0 rg BT 372.54 608.75 Td (business ) Tj ET Q q 0 0 0 rg BT 408.62 608.75 Td (segment, ) Tj ET Q q 0 0 0 rg BT 446.63 608.75 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.59 608.75 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.59 608.75 Td ( ) Tj ET Q q 0 0 0 rg BT 483.77 608.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 521.50 608.75 Td (sources ) Tj ET Q q 0 0 0 rg BT 553.67 608.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 596.75 Td (revenue: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 575.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 575.75 Td (Advisory) Tj ET Q q 0 0 0 rg BT 122.57 575.75 Td (, ) Tj ET Q q 0 0 0 rg BT 127.94 575.75 Td (which ) Tj ET Q q 0 0 0 rg BT 155.24 575.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 191.43 575.75 Td (engagements ) Tj ET Q q 0 0 0 rg BT 246.49 575.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 279.90 575.75 Td (to ) Tj ET Q q 0 0 0 rg BT 290.54 575.75 Td (mer) Tj ET Q q 0 0 0 rg BT 305.91 575.75 Td (gers ) Tj ET Q q 0 0 0 rg BT 325.43 575.75 Td (and ) Tj ET Q q 0 0 0 rg BT 342.73 575.75 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 395.87 575.75 Td (financing ) Tj ET Q q 0 0 0 rg BT 436.50 575.75 Td (advisory ) Tj ET Q q 0 0 0 rg BT 473.80 575.75 Td (and ) Tj ET Q q 0 0 0 rg BT 491.10 575.75 Td (restructuring, ) Tj ET Q q 0 0 0 rg BT 547.56 575.75 Td (and ) Tj ET Q q 0 0 0 rg BT 564.50 575.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 563.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 115.15 563.75 Td (advisory ) Tj ET Q q 0 0 0 rg BT 152.09 563.75 Td (services; ) Tj ET Q q 0 0 0 rg BT 189.57 563.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 542.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 542.75 Td (Investments, ) Tj ET Q q 0 0 0 rg BT 142.51 542.75 Td (which ) Tj ET Q q 0 0 0 rg BT 172.63 542.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 211.64 542.75 Td (the ) Tj ET Q q 0 0 0 rg BT 229.53 542.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 279.80 542.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 321.02 542.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 374.48 542.75 Td (in ) Tj ET Q q 0 0 0 rg BT 387.94 542.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 420.82 542.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 463.71 542.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 501.60 542.75 Td (funds, ) Tj ET Q q 0 0 0 rg BT 532.01 542.75 Td (Iridium ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 530.75 Td (Communications ) Tj ET Q q 0 0 0 rg BT 156.83 530.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 174.60 530.75 Td (\(Iridium\), ) Tj ET Q q 0 0 0 rg BT 225.13 530.75 Td (which ) Tj ET Q q 0 0 0 rg BT 252.07 530.75 Td (was ) Tj ET Q q 0 0 0 rg BT 270.12 530.75 Td (completely ) Tj ET Q q 0 0 0 rg BT 317.05 530.75 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 359.54 530.75 Td (in ) Tj ET Q q 0 0 0 rg BT 369.82 530.75 Td (2013, ) Tj ET Q q 0 0 0 rg BT 394.82 530.75 Td (and ) Tj ET Q q 0 0 0 rg BT 411.76 530.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 443.69 530.75 Td (income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 509.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.09 509.75 Td (Company's ) Tj ET Q q 0 0 0 rg BT 137.21 509.75 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 196.52 509.75 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 245.27 509.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 277.36 509.75 Td (advisory ) Tj ET Q q 0 0 0 rg BT 313.34 509.75 Td (services ) Tj ET Q q 0 0 0 rg BT 347.09 509.75 Td (in ) Tj ET Q q 0 0 0 rg BT 356.41 509.75 Td (various ) Tj ET Q q 0 0 0 rg BT 387.39 509.75 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 440.87 509.75 Td ( ) Tj ET Q q 0 0 0 rg BT 442.41 509.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 459.50 509.75 Td (most ) Tj ET Q q 0 0 0 rg BT 480.49 509.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 524.24 509.75 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.75 Td (entities ) Tj ET Q q 0 0 0 rg BT 81.08 497.75 Td (include: ) Tj ET Q q 0 0 0 rg BT 115.49 497.75 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 165.73 497.75 Td (Co., ) Tj ET Q q 0 0 0 rg BT 184.60 497.75 Td (LLC ) Tj ET Q q 0 0 0 rg BT 205.69 497.75 Td (\(G&Co\), ) Tj ET Q q 0 0 0 rg BT 252.59 497.75 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 302.83 497.75 Td (Co. ) Tj ET Q q 0 0 0 rg BT 319.20 497.75 Td (International ) Tj ET Q q 0 0 0 rg BT 372.49 497.75 Td (LLP) Tj ET Q q 0 0 0 rg BT 389.90 497.75 Td ( ) Tj ET Q q 0 0 0 rg BT 392.09 497.75 Td (\(GCI\) ) Tj ET Q q 0 0 0 rg BT 427.05 497.75 Td (and ) Tj ET Q q 0 0 0 rg BT 443.69 497.75 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 493.93 497.75 Td (Co. ) Tj ET Q q 0 0 0 rg BT 509.81 497.75 Td (Australia ) Tj ET Q q 0 0 0 rg BT 548.67 497.75 Td (Pty ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 485.75 Td (Limited ) Tj ET Q q 0 0 0 rg BT 84.16 485.75 Td (\(Greenhill ) Tj ET Q q 0 0 0 rg BT 131.64 485.75 Td (Australia\) ) Tj ET Q q 0 0 0 rg BT 178.56 485.75 Td (and ) Tj ET Q q 0 0 0 rg BT 195.50 485.75 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 235.77 485.75 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 269.65 485.75 Td (LP) Tj ET Q q 0 0 0 rg BT 280.95 485.75 Td ( ) Tj ET Q q 0 0 0 rg BT 283.45 485.75 Td (\("Greenhill ) Tj ET Q q 0 0 0 rg BT 331.13 485.75 Td (Cogent"\). ) Tj ET Q q 0 0 0 rg BT 372.43 485.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 464.75 Td (G&Co ) Tj ET Q q 0 0 0 rg BT 103.33 464.75 Td (is ) Tj ET Q q 0 0 0 rg BT 112.67 464.75 Td (engaged ) Tj ET Q q 0 0 0 rg BT 148.65 464.75 Td (in ) Tj ET Q q 0 0 0 rg BT 159.09 464.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 205.63 464.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 240.51 464.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 279.28 464.75 Td (principally ) Tj ET Q q 0 0 0 rg BT 325.26 464.75 Td (in ) Tj ET Q q 0 0 0 rg BT 335.70 464.75 Td (the ) Tj ET Q q 0 0 0 rg BT 350.58 464.75 Td (United ) Tj ET Q q 0 0 0 rg BT 380.46 464.75 Td (States. ) Tj ET Q q 0 0 0 rg BT 409.51 464.75 Td (G&Co ) Tj ET Q q 0 0 0 rg BT 438.85 464.75 Td (is ) Tj ET Q q 0 0 0 rg BT 448.18 464.75 Td (registered ) Tj ET Q q 0 0 0 rg BT 490.27 464.75 Td (as ) Tj ET Q q 0 0 0 rg BT 501.26 464.75 Td (a ) Tj ET Q q 0 0 0 rg BT 508.36 464.75 Td (broker) Tj ET Q q 0 0 0 rg BT 534.26 464.75 Td (-dealer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 452.75 Td (with ) Tj ET Q q 0 0 0 rg BT 69.16 452.75 Td (the ) Tj ET Q q 0 0 0 rg BT 82.76 452.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 123.58 452.75 Td (and ) Tj ET Q q 0 0 0 rg BT 139.40 452.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 180.21 452.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 232.16 452.75 Td (\(SEC\) ) Tj ET Q q 0 0 0 rg BT 267.42 452.75 Td (and ) Tj ET Q q 0 0 0 rg BT 283.25 452.75 Td (the ) Tj ET Q q 0 0 0 rg BT 296.85 452.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 335.44 452.75 Td (Industry ) Tj ET Q q 0 0 0 rg BT 370.16 452.75 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 415.67 452.75 Td (Authority ) Tj ET Q q 0 0 0 rg BT 455.94 452.75 Td (\(FINRA\), ) Tj ET Q q 0 0 0 rg BT 505.37 452.75 Td (and ) Tj ET Q q 0 0 0 rg BT 521.19 452.75 Td (is ) Tj ET Q q 0 0 0 rg BT 529.25 452.75 Td (licensed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 440.75 Td (in ) Tj ET Q q 0 0 0 rg BT 59.64 440.75 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.50 440.75 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.50 440.75 Td ( ) Tj ET Q q 0 0 0 rg BT 83.36 440.75 Td (states ) Tj ET Q q 0 0 0 rg BT 107.44 440.75 Td (and ) Tj ET Q q 0 0 0 rg BT 123.74 440.75 Td (the ) Tj ET Q q 0 0 0 rg BT 137.82 440.75 Td (District ) Tj ET Q q 0 0 0 rg BT 169.68 440.75 Td (of ) Tj ET Q q 0 0 0 rg BT 179.87 440.75 Td (Columbia. ) Tj ET Q q 0 0 0 rg BT 223.68 440.75 Td (GCI ) Tj ET Q q 0 0 0 rg BT 242.76 440.75 Td (is ) Tj ET Q q 0 0 0 rg BT 251.30 440.75 Td (engaged ) Tj ET Q q 0 0 0 rg BT 286.47 440.75 Td (in ) Tj ET Q q 0 0 0 rg BT 296.12 440.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 341.86 440.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 375.94 440.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 413.90 440.75 Td (in ) Tj ET Q q 0 0 0 rg BT 423.54 440.75 Td (the ) Tj ET Q q 0 0 0 rg BT 437.62 440.75 Td (United ) Tj ET Q q 0 0 0 rg BT 466.70 440.75 Td (Kingdom. ) Tj ET Q q 0 0 0 rg BT 508.84 440.75 Td (and ) Tj ET Q q 0 0 0 rg BT 525.14 440.75 Td (is ) Tj ET Q q 0 0 0 rg BT 533.68 440.75 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 428.75 Td (to ) Tj ET Q q 0 0 0 rg BT 60.36 428.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 103.48 428.75 Td (by ) Tj ET Q q 0 0 0 rg BT 116.07 428.75 Td (the ) Tj ET Q q 0 0 0 rg BT 130.87 428.75 Td (U.K. ) Tj ET Q q 0 0 0 rg BT 152.89 428.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 192.68 428.75 Td (Conduct ) Tj ET Q q 0 0 0 rg BT 228.58 428.75 Td (Authority ) Tj ET Q q 0 0 0 rg BT 270.05 428.75 Td (\(FCA\). ) Tj ET Q q 0 0 0 rg BT 310.12 428.75 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 349.90 428.75 Td (Australia ) Tj ET Q q 0 0 0 rg BT 389.14 428.75 Td (engages ) Tj ET Q q 0 0 0 rg BT 423.93 428.75 Td (in ) Tj ET Q q 0 0 0 rg BT 434.29 428.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 480.75 428.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 515.55 428.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 554.23 428.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 416.75 Td (Australia ) Tj ET Q q 0 0 0 rg BT 89.76 416.75 Td (and ) Tj ET Q q 0 0 0 rg BT 107.31 416.75 Td (New ) Tj ET Q q 0 0 0 rg BT 129.30 416.75 Td (Zealand ) Tj ET Q q 0 0 0 rg BT 164.61 416.75 Td (and ) Tj ET Q q 0 0 0 rg BT 182.15 416.75 Td (is ) Tj ET Q q 0 0 0 rg BT 191.93 416.75 Td (licensed ) Tj ET Q q 0 0 0 rg BT 227.80 416.75 Td (and ) Tj ET Q q 0 0 0 rg BT 245.34 416.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 276.78 416.75 Td (to ) Tj ET Q q 0 0 0 rg BT 287.66 416.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 331.31 416.75 Td (by ) Tj ET Q q 0 0 0 rg BT 344.42 416.75 Td (the ) Tj ET Q q 0 0 0 rg BT 359.05 416.75 Td (Australian ) Tj ET Q q 0 0 0 rg BT 403.82 416.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 446.36 416.75 Td (and ) Tj ET Q q 0 0 0 rg BT 463.90 416.75 Td (Investment ) Tj ET Q q 0 0 0 rg BT 511.44 416.75 Td (Commission ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.75 Td (\(ASIC\). ) Tj ET Q q 0 0 0 rg BT 93.08 404.75 Td ( ) Tj ET Q q 0 0 0 rg BT 95.34 404.75 Td ( ) Tj ET Q q 0 0 0 rg BT 97.60 404.75 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 137.63 404.75 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 168.77 404.75 Td (is ) Tj ET Q q 0 0 0 rg BT 177.71 404.75 Td (engaged ) Tj ET Q q 0 0 0 rg BT 213.28 404.75 Td (in ) Tj ET Q q 0 0 0 rg BT 223.32 404.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 252.23 404.75 Td (advisory ) Tj ET Q q 0 0 0 rg BT 288.93 404.75 Td (services ) Tj ET Q q 0 0 0 rg BT 323.40 404.75 Td (to ) Tj ET Q q 0 0 0 rg BT 333.44 404.75 Td (institutional ) Tj ET Q q 0 0 0 rg BT 383.48 404.75 Td (investors ) Tj ET Q q 0 0 0 rg BT 421.85 404.75 Td (principally ) Tj ET Q q 0 0 0 rg BT 467.43 404.75 Td (in ) Tj ET Q q 0 0 0 rg BT 477.47 404.75 Td (the ) Tj ET Q q 0 0 0 rg BT 491.94 404.75 Td (United ) Tj ET Q q 0 0 0 rg BT 521.42 404.75 Td (States ) Tj ET Q q 0 0 0 rg BT 547.57 404.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.75 Td (United ) Tj ET Q q 0 0 0 rg BT 79.72 392.75 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 120.00 392.75 Td (and ) Tj ET Q q 0 0 0 rg BT 136.93 392.75 Td (is ) Tj ET Q q 0 0 0 rg BT 146.10 392.75 Td (registered ) Tj ET Q q 0 0 0 rg BT 188.03 392.75 Td (as ) Tj ET Q q 0 0 0 rg BT 198.86 392.75 Td (a ) Tj ET Q q 0 0 0 rg BT 205.80 392.75 Td (broker) Tj ET Q q 0 0 0 rg BT 231.69 392.75 Td (-dealer ) Tj ET Q q 0 0 0 rg BT 261.95 392.75 Td (with ) Tj ET Q q 0 0 0 rg BT 282.23 392.75 Td (the ) Tj ET Q q 0 0 0 rg BT 296.94 392.75 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 320.28 392.75 Td (FINRA) Tj ET Q q 0 0 0 rg BT 349.74 392.75 Td ( ) Tj ET Q q 0 0 0 rg BT 352.24 392.75 Td (and ) Tj ET Q q 0 0 0 rg BT 369.17 392.75 Td (the ) Tj ET Q q 0 0 0 rg BT 383.89 392.75 Td (FCA. ) Tj ET Q q 0 0 0 rg BT 408.34 392.75 Td (See ) Tj ET Q q 0 0 0 rg BT 425.28 392.75 Td ("Note ) Tj ET Q q 0 0 0 rg BT 451.30 392.75 Td (3 ) Tj ET Q q 0 0 0 rg BT 458.80 392.75 Td ( ) Tj ET Q q 0 0 0 rg BT 470.75 392.75 Td (Acquisition".) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 371.75 Td (The ) Tj ET Q q 0 0 0 rg BT 91.99 371.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.31 371.75 Td (also ) Tj ET Q q 0 0 0 rg BT 151.86 371.75 Td (operates ) Tj ET Q q 0 0 0 rg BT 187.61 371.75 Td (in ) Tj ET Q q 0 0 0 rg BT 197.83 371.75 Td (other ) Tj ET Q q 0 0 0 rg BT 220.82 371.75 Td (locations ) Tj ET Q q 0 0 0 rg BT 259.36 371.75 Td (throughout ) Tj ET Q q 0 0 0 rg BT 305.68 371.75 Td (the ) Tj ET Q q 0 0 0 rg BT 320.34 371.75 Td (world ) Tj ET Q q 0 0 0 rg BT 346.11 371.75 Td (which ) Tj ET Q q 0 0 0 rg BT 372.99 371.75 Td (are ) Tj ET Q q 0 0 0 rg BT 387.63 371.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 418.40 371.75 Td (to ) Tj ET Q q 0 0 0 rg BT 428.61 371.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 471.60 371.75 Td (by ) Tj ET Q q 0 0 0 rg BT 484.03 371.75 Td (other ) Tj ET Q q 0 0 0 rg BT 507.02 371.75 Td (governmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 359.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 359.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 110.53 359.75 Td (bodies ) Tj ET Q q 0 0 0 rg BT 139.14 359.75 Td (and ) Tj ET Q q 0 0 0 rg BT 156.08 359.75 Td (self-regulatory ) Tj ET Q q 0 0 0 rg BT 217.44 359.75 Td (authorities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 335.75 Td (Note2 Summary of Significant ) Tj ET Q q 0 0 0 rg BT 196.11 335.75 Td (Accounting Policies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.71 335.75 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 318.75 Td (Basis ) Tj ET Q q 0 0 0 rg BT 86.73 318.75 Td (of ) Tj ET Q q 0 0 0 rg BT 97.56 318.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 140.63 318.75 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 301.75 Td (These ) Tj ET Q q 0 0 0 rg BT 101.00 301.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 154.67 301.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 192.77 301.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 238.11 301.75 Td (are ) Tj ET Q q 0 0 0 rg BT 253.44 301.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 291.54 301.75 Td (in ) Tj ET Q q 0 0 0 rg BT 302.45 301.75 Td (conformity ) Tj ET Q q 0 0 0 rg BT 350.01 301.75 Td (with ) Tj ET Q q 0 0 0 rg BT 370.91 301.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 417.91 301.75 Td (principles ) Tj ET Q q 0 0 0 rg BT 460.46 301.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 500.79 301.75 Td (accepted ) Tj ET Q q 0 0 0 rg BT 538.89 301.75 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 301.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.75 Td (United ) Tj ET Q q 0 0 0 rg BT 80.16 289.75 Td (States ) Tj ET Q q 0 0 0 rg BT 106.99 289.75 Td (\(U.S. ) Tj ET Q q 0 0 0 rg BT 131.04 289.75 Td (GAAP\), ) Tj ET Q q 0 0 0 rg BT 167.04 289.75 Td (which ) Tj ET Q q 0 0 0 rg BT 194.42 289.75 Td (require ) Tj ET Q q 0 0 0 rg BT 225.67 289.75 Td (management ) Tj ET Q q 0 0 0 rg BT 279.70 289.75 Td (to ) Tj ET Q q 0 0 0 rg BT 290.42 289.75 Td (make ) Tj ET Q q 0 0 0 rg BT 315.02 289.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 355.17 289.75 Td (and ) Tj ET Q q 0 0 0 rg BT 372.55 289.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 424.94 289.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 466.20 289.75 Td (future ) Tj ET Q q 0 0 0 rg BT 493.01 289.75 Td (events ) Tj ET Q q 0 0 0 rg BT 521.50 289.75 Td (that ) Tj ET Q q 0 0 0 rg BT 539.44 289.75 Td (af) Tj ET Q q 0 0 0 rg BT 547.03 289.75 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.32 277.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 100.32 277.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 135.74 277.75 Td (in ) Tj ET Q q 0 0 0 rg BT 145.62 277.75 Td (our ) Tj ET Q q 0 0 0 rg BT 161.06 277.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 198.14 277.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 242.46 277.75 Td (and ) Tj ET Q q 0 0 0 rg BT 259.01 277.75 Td (these ) Tj ET Q q 0 0 0 rg BT 281.66 277.75 Td (footnotes, ) Tj ET Q q 0 0 0 rg BT 323.48 277.75 Td (including ) Tj ET Q q 0 0 0 rg BT 363.36 277.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 409.35 277.75 Td (valuations, ) Tj ET Q q 0 0 0 rg BT 455.06 277.75 Td (compensation ) Tj ET Q q 0 0 0 rg BT 512.71 277.75 Td (accruals ) Tj ET Q q 0 0 0 rg BT 547.57 277.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.75 Td (other ) Tj ET Q q 0 0 0 rg BT 72.99 265.75 Td (matters. ) Tj ET Q q 0 0 0 rg BT 107.37 265.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 162.02 265.75 Td (believes ) Tj ET Q q 0 0 0 rg BT 197.23 265.75 Td (that ) Tj ET Q q 0 0 0 rg BT 214.67 265.75 Td (the ) Tj ET Q q 0 0 0 rg BT 229.33 265.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 268.99 265.75 Td (used ) Tj ET Q q 0 0 0 rg BT 289.76 265.75 Td (in ) Tj ET Q q 0 0 0 rg BT 299.99 265.75 Td (preparing ) Tj ET Q q 0 0 0 rg BT 340.75 265.75 Td (its ) Tj ET Q q 0 0 0 rg BT 352.64 265.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 405.63 265.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 443.05 265.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 487.71 265.75 Td (are ) Tj ET Q q 0 0 0 rg BT 502.36 265.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 547.56 265.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.75 Td (prudent. ) Tj ET Q q 0 0 0 rg BT 85.00 253.75 Td (Actual ) Tj ET Q q 0 0 0 rg BT 114.15 253.75 Td (results ) Tj ET Q q 0 0 0 rg BT 142.76 253.75 Td (could ) Tj ET Q q 0 0 0 rg BT 167.48 253.75 Td (dif) Tj ET Q q 0 0 0 rg BT 178.40 253.75 Td (fer ) Tj ET Q q 0 0 0 rg BT 192.00 253.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 235.04 253.75 Td (from ) Tj ET Q q 0 0 0 rg BT 256.98 253.75 Td (those ) Tj ET Q q 0 0 0 rg BT 280.59 253.75 Td (estimates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 232.75 Td (The ) Tj ET Q q 0 0 0 rg BT 92.52 232.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 146.04 232.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 183.99 232.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 229.18 232.75 Td (of ) Tj ET Q q 0 0 0 rg BT 240.49 232.75 Td (the ) Tj ET Q q 0 0 0 rg BT 255.68 232.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 297.54 232.75 Td (include ) Tj ET Q q 0 0 0 rg BT 329.95 232.75 Td (all ) Tj ET Q q 0 0 0 rg BT 342.92 232.75 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 396.44 232.75 Td (accounts ) Tj ET Q q 0 0 0 rg BT 434.40 232.75 Td (of ) Tj ET Q q 0 0 0 rg BT 445.70 232.75 Td (Greenhill& ) Tj ET Q q 0 0 0 rg BT 496.72 232.75 Td (Co., ) Tj ET Q q 0 0 0 rg BT 516.36 232.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 534.61 232.75 Td (and ) Tj ET Q q 0 0 0 rg BT 552.02 232.75 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 220.75 Td (other ) Tj ET Q q 0 0 0 rg BT 73.63 220.75 Td (entities ) Tj ET Q q 0 0 0 rg BT 105.59 220.75 Td (in ) Tj ET Q q 0 0 0 rg BT 116.45 220.75 Td (which ) Tj ET Q q 0 0 0 rg BT 143.97 220.75 Td (the ) Tj ET Q q 0 0 0 rg BT 159.26 220.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 201.23 220.75 Td (has ) Tj ET Q q 0 0 0 rg BT 217.64 220.75 Td (a ) Tj ET Q q 0 0 0 rg BT 225.16 220.75 Td (controlling ) Tj ET Q q 0 0 0 rg BT 272.12 220.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 304.63 220.75 Td (after ) Tj ET Q q 0 0 0 rg BT 326.03 220.75 Td (eliminations ) Tj ET Q q 0 0 0 rg BT 378.55 220.75 Td (of ) Tj ET Q q 0 0 0 rg BT 389.96 220.75 Td (all ) Tj ET Q q 0 0 0 rg BT 403.03 220.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 448.33 220.75 Td (inter) Tj ET Q q 0 0 0 rg BT 466.45 220.75 Td (-company ) Tj ET Q q 0 0 0 rg BT 509.52 220.75 Td (accounts ) Tj ET Q q 0 0 0 rg BT 547.58 220.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 208.75 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 102.08 208.75 Td (In ) Tj ET Q q 0 0 0 rg BT 112.22 208.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 158.99 208.75 Td (with ) Tj ET Q q 0 0 0 rg BT 178.58 208.75 Td (the ) Tj ET Q q 0 0 0 rg BT 192.61 208.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 238.29 208.75 Td (pronouncements ) Tj ET Q q 0 0 0 rg BT 306.20 208.75 Td (related ) Tj ET Q q 0 0 0 rg BT 335.21 208.75 Td (to ) Tj ET Q q 0 0 0 rg BT 344.80 208.75 Td (consolidation ) Tj ET Q q 0 0 0 rg BT 400.49 208.75 Td (of ) Tj ET Q q 0 0 0 rg BT 410.63 208.75 Td (variable ) Tj ET Q q 0 0 0 rg BT 444.65 208.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 475.89 208.75 Td (entities, ) Tj ET Q q 0 0 0 rg BT 509.09 208.75 Td (the ) Tj ET Q q 0 0 0 rg BT 523.12 208.75 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 196.75 Td (consolidates ) Tj ET Q q 0 0 0 rg BT 101.33 196.75 Td (the ) Tj ET Q q 0 0 0 rg BT 115.45 196.75 Td (general ) Tj ET Q q 0 0 0 rg BT 146.78 196.75 Td (partners ) Tj ET Q q 0 0 0 rg BT 180.88 196.75 Td (of ) Tj ET Q q 0 0 0 rg BT 191.12 196.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 220.22 196.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 259.32 196.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 293.44 196.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 317.56 196.75 Td (in ) Tj ET Q q 0 0 0 rg BT 327.24 196.75 Td (which ) Tj ET Q q 0 0 0 rg BT 353.58 196.75 Td (it ) Tj ET Q q 0 0 0 rg BT 361.04 196.75 Td (has ) Tj ET Q q 0 0 0 rg BT 376.27 196.75 Td (a ) Tj ET Q q 0 0 0 rg BT 382.61 196.75 Td (majority ) Tj ET Q q 0 0 0 rg BT 418.39 196.75 Td (of ) Tj ET Q q 0 0 0 rg BT 428.62 196.75 Td (the ) Tj ET Q q 0 0 0 rg BT 442.74 196.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 483.51 196.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 514.85 196.75 Td (and ) Tj ET Q q 0 0 0 rg BT 531.19 196.75 Td (control. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 184.75 Td (The ) Tj ET Q q 0 0 0 rg BT 68.22 184.75 Td (general ) Tj ET Q q 0 0 0 rg BT 100.32 184.75 Td (partners ) Tj ET Q q 0 0 0 rg BT 135.20 184.75 Td (account ) Tj ET Q q 0 0 0 rg BT 168.97 184.75 Td (for ) Tj ET Q q 0 0 0 rg BT 183.31 184.75 Td (their ) Tj ET Q q 0 0 0 rg BT 204.31 184.75 Td (investments ) Tj ET Q q 0 0 0 rg BT 254.75 184.75 Td (in ) Tj ET Q q 0 0 0 rg BT 265.21 184.75 Td (these ) Tj ET Q q 0 0 0 rg BT 288.43 184.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 328.31 184.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 363.20 184.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 388.09 184.75 Td (under ) Tj ET Q q 0 0 0 rg BT 413.54 184.75 Td (the ) Tj ET Q q 0 0 0 rg BT 428.43 184.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 456.10 184.75 Td (method ) Tj ET Q q 0 0 0 rg BT 488.77 184.75 Td (of ) Tj ET Q q 0 0 0 rg BT 499.77 184.75 Td (accounting. ) Tj ET Q q 0 0 0 rg BT 548.82 184.75 Td ( ) Tj ET Q q 0 0 0 rg BT 550.90 184.75 Td (As ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 172.75 Td (such, ) Tj ET Q q 0 0 0 rg BT 73.20 172.75 Td (the ) Tj ET Q q 0 0 0 rg BT 87.79 172.75 Td (general ) Tj ET Q q 0 0 0 rg BT 119.59 172.75 Td (partners ) Tj ET Q q 0 0 0 rg BT 154.17 172.75 Td (record ) Tj ET Q q 0 0 0 rg BT 182.08 172.75 Td (their ) Tj ET Q q 0 0 0 rg BT 202.77 172.75 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 259.02 172.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 286.38 172.75 Td (of ) Tj ET Q q 0 0 0 rg BT 297.08 172.75 Td (income ) Tj ET Q q 0 0 0 rg BT 328.89 172.75 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 353.48 172.75 Td (from ) Tj ET Q q 0 0 0 rg BT 375.29 172.75 Td (the ) Tj ET Q q 0 0 0 rg BT 389.88 172.75 Td (underlying ) Tj ET Q q 0 0 0 rg BT 435.58 172.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 475.15 172.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 509.74 172.75 Td (funds. ) Tj ET Q q 0 0 0 rg BT 536.31 172.75 Td (As ) Tj ET Q q 0 0 0 rg BT 549.80 172.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 89.65 160.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 124.31 160.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 148.98 160.75 Td (follow ) Tj ET Q q 0 0 0 rg BT 177.54 160.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 223.87 160.75 Td (company ) Tj ET Q q 0 0 0 rg BT 262.97 160.75 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 311.79 160.75 Td (and ) Tj ET Q q 0 0 0 rg BT 328.68 160.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 368.33 160.75 Td (record ) Tj ET Q q 0 0 0 rg BT 396.31 160.75 Td (all ) Tj ET Q q 0 0 0 rg BT 408.76 160.75 Td (their ) Tj ET Q q 0 0 0 rg BT 429.53 160.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 455.31 160.75 Td (and ) Tj ET Q q 0 0 0 rg BT 472.19 160.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 511.86 160.75 Td (at ) Tj ET Q q 0 0 0 rg BT 521.52 160.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 537.85 160.75 Td (value, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.75 Td (the ) Tj ET Q q 0 0 0 rg BT 65.39 148.75 Td (general ) Tj ET Q q 0 0 0 rg BT 97.99 148.75 Td (partners) Tj ET Q q 0 0 0 rg BT 132.78 148.75 Td ( ) Tj ET Q q 0 0 0 rg BT 135.96 148.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 183.01 148.75 Td (in ) Tj ET Q q 0 0 0 rg BT 193.96 148.75 Td (these ) Tj ET Q q 0 0 0 rg BT 217.69 148.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 258.06 148.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 293.45 148.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 318.85 148.75 Td (represents ) Tj ET Q q 0 0 0 rg BT 362.56 148.75 Td (estimations ) Tj ET Q q 0 0 0 rg BT 411.28 148.75 Td (of ) Tj ET Q q 0 0 0 rg BT 422.79 148.75 Td (fair ) Tj ET Q q 0 0 0 rg BT 439.84 148.75 Td (value. ) Tj ET Q q 0 0 0 rg BT 466.94 148.75 Td (The ) Tj ET Q q 0 0 0 rg BT 485.66 148.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 527.72 148.75 Td (does ) Tj ET Q q 0 0 0 rg BT 549.22 148.75 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.75 Td (consolidate ) Tj ET Q q 0 0 0 rg BT 98.65 136.75 Td (the ) Tj ET Q q 0 0 0 rg BT 113.97 136.75 Td (merchant ) Tj ET Q q 0 0 0 rg BT 154.28 136.75 Td (banking ) Tj ET Q q 0 0 0 rg BT 189.60 136.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 214.93 136.75 Td (since ) Tj ET Q q 0 0 0 rg BT 238.58 136.75 Td (the ) Tj ET Q q 0 0 0 rg BT 253.90 136.75 Td (Company) Tj ET Q q 0 0 0 rg BT 292.14 136.75 Td (, ) Tj ET Q q 0 0 0 rg BT 297.74 136.75 Td (through ) Tj ET Q q 0 0 0 rg BT 331.96 136.75 Td (its ) Tj ET Q q 0 0 0 rg BT 344.51 136.75 Td (general ) Tj ET Q q 0 0 0 rg BT 377.04 136.75 Td (partner ) Tj ET Q q 0 0 0 rg BT 408.46 136.75 Td (and ) Tj ET Q q 0 0 0 rg BT 426.01 136.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 457.44 136.75 Td (partner ) Tj ET Q q 0 0 0 rg BT 488.86 136.75 Td (interests, ) Tj ET Q q 0 0 0 rg BT 527.79 136.75 Td (does ) Tj ET Q q 0 0 0 rg BT 549.23 136.75 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.75 Td (have ) Tj ET Q q 0 0 0 rg BT 71.44 124.75 Td (a ) Tj ET Q q 0 0 0 rg BT 78.45 124.75 Td (majority ) Tj ET Q q 0 0 0 rg BT 114.89 124.75 Td (of ) Tj ET Q q 0 0 0 rg BT 125.79 124.75 Td (the ) Tj ET Q q 0 0 0 rg BT 140.57 124.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 182.01 124.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 214.00 124.75 Td (in ) Tj ET Q q 0 0 0 rg BT 224.35 124.75 Td (such ) Tj ET Q q 0 0 0 rg BT 245.24 124.75 Td (funds ) Tj ET Q q 0 0 0 rg BT 270.03 124.75 Td (and ) Tj ET Q q 0 0 0 rg BT 287.03 124.75 Td (the ) Tj ET Q q 0 0 0 rg BT 301.81 124.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 332.71 124.75 Td (partners ) Tj ET Q q 0 0 0 rg BT 367.48 124.75 Td (have ) Tj ET Q q 0 0 0 rg BT 388.92 124.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 418.69 124.75 Td (rights ) Tj ET Q q 0 0 0 rg BT 444.03 124.75 Td (to ) Tj ET Q q 0 0 0 rg BT 454.38 124.75 Td (remove ) Tj ET Q q 0 0 0 rg BT 486.93 124.75 Td (the ) Tj ET Q q 0 0 0 rg BT 501.71 124.75 Td (general ) Tj ET Q q 0 0 0 rg BT 533.70 124.75 Td (partner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.75 Td (by ) Tj ET Q q 0 0 0 rg BT 62.50 112.75 Td (a ) Tj ET Q q 0 0 0 rg BT 69.44 112.75 Td (simple ) Tj ET Q q 0 0 0 rg BT 98.60 112.75 Td (majority ) Tj ET Q q 0 0 0 rg BT 134.99 112.75 Td (vote ) Tj ET Q q 0 0 0 rg BT 154.70 112.75 Td (of ) Tj ET Q q 0 0 0 rg BT 165.53 112.75 Td (unaf) Tj ET Q q 0 0 0 rg BT 183.12 112.75 Td (filiated ) Tj ET Q q 0 0 0 rg BT 213.94 112.75 Td (third-party ) Tj ET Q q 0 0 0 rg BT 259.20 112.75 Td (investors.) Tj ET Q endstream endobj 155 0 obj <> endobj 156 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.70 31.60 Td (F-1) Tj ET Q q 0 0 0 rg BT 310.22 31.60 Td (1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 74.00 742.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 112.05 742.25 Td (Recognition) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 725.25 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 100.05 725.25 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 701.25 Td (It ) Tj ET Q q 0 0 0 rg BT 85.73 701.25 Td (is ) Tj ET Q q 0 0 0 rg BT 95.03 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.87 701.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 157.08 701.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 203.58 701.25 Td (policy ) Tj ET Q q 0 0 0 rg BT 231.20 701.25 Td (to ) Tj ET Q q 0 0 0 rg BT 241.60 701.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 283.09 701.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 317.36 701.25 Td (when ) Tj ET Q q 0 0 0 rg BT 341.65 701.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 353.71 701.25 Td (there ) Tj ET Q q 0 0 0 rg BT 376.32 701.25 Td (is ) Tj ET Q q 0 0 0 rg BT 385.62 701.25 Td (persuasive ) Tj ET Q q 0 0 0 rg BT 430.45 701.25 Td (evidence ) Tj ET Q q 0 0 0 rg BT 468.61 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.57 701.25 Td (an ) Tj ET Q q 0 0 0 rg BT 491.63 701.25 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 544.23 701.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (a ) Tj ET Q q 0 0 0 rg BT 57.41 689.25 Td (client, ) Tj ET Q q 0 0 0 rg BT 85.10 689.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 100.29 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.48 689.25 Td (agreed-upon ) Tj ET Q q 0 0 0 rg BT 168.44 689.25 Td (services ) Tj ET Q q 0 0 0 rg BT 203.62 689.25 Td (have ) Tj ET Q q 0 0 0 rg BT 225.47 689.25 Td (been ) Tj ET Q q 0 0 0 rg BT 247.32 689.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 291.95 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 309.36 689.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 349.54 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 360.29 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 375.48 689.25 Td (client ) Tj ET Q q 0 0 0 rg BT 400.67 689.25 Td (or ) Tj ET Q q 0 0 0 rg BT 411.98 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.17 689.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 474.01 689.25 Td (or ) Tj ET Q q 0 0 0 rg BT 485.32 689.25 Td (events ) Tj ET Q q 0 0 0 rg BT 513.84 689.25 Td (noted ) Tj ET Q q 0 0 0 rg BT 539.03 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 549.79 689.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 677.25 Td (engagement ) Tj ET Q q 0 0 0 rg BT 99.85 677.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 121.94 677.25 Td (are ) Tj ET Q q 0 0 0 rg BT 135.69 677.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 182.21 677.25 Td (to ) Tj ET Q q 0 0 0 rg BT 191.53 677.25 Td (be ) Tj ET Q q 0 0 0 rg BT 202.51 677.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 254.61 677.25 Td (complete, ) Tj ET Q q 0 0 0 rg BT 295.30 677.25 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 311.84 677.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 329.48 677.25 Td (are ) Tj ET Q q 0 0 0 rg BT 343.23 677.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 365.32 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.30 677.25 Td (determinable, ) Tj ET Q q 0 0 0 rg BT 437.54 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.53 677.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 469.51 677.25 Td (collection ) Tj ET Q q 0 0 0 rg BT 510.48 677.25 Td (is ) Tj ET Q q 0 0 0 rg BT 518.69 677.25 Td (reasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 665.25 Td (assured.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 641.25 Td (The ) Tj ET Q q 0 0 0 rg BT 96.38 641.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 139.10 641.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 185.69 641.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 223.96 641.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 240.00 641.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 279.37 641.25 Td (for ) Tj ET Q q 0 0 0 rg BT 294.86 641.25 Td (mer) Tj ET Q q 0 0 0 rg BT 310.23 641.25 Td (gers ) Tj ET Q q 0 0 0 rg BT 330.72 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 349.00 641.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 400.60 641.25 Td (or ) Tj ET Q q 0 0 0 rg BT 412.77 641.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 454.36 641.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 492.64 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.91 641.25 Td (restructuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 629.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 103.75 629.25 Td (when ) Tj ET Q q 0 0 0 rg BT 126.95 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.71 629.25 Td (services ) Tj ET Q q 0 0 0 rg BT 174.46 629.25 Td (related ) Tj ET Q q 0 0 0 rg BT 203.20 629.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.52 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.28 629.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 271.15 629.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 320.46 629.25 Td (are ) Tj ET Q q 0 0 0 rg BT 334.21 629.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 377.40 629.25 Td (in ) Tj ET Q q 0 0 0 rg BT 386.72 629.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 433.23 629.25 Td (with ) Tj ET Q q 0 0 0 rg BT 452.55 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 466.31 629.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 490.07 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 499.94 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.70 629.25 Td (engagement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 617.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 73.04 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.98 617.25 Td (all ) Tj ET Q q 0 0 0 rg BT 102.48 617.25 Td (other ) Tj ET Q q 0 0 0 rg BT 125.52 617.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 180.22 617.25 Td (for ) Tj ET Q q 0 0 0 rg BT 194.38 617.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 228.53 617.25 Td (recognition ) Tj ET Q q 0 0 0 rg BT 276.57 617.25 Td (are ) Tj ET Q q 0 0 0 rg BT 291.28 617.25 Td (satisfied.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 593.25 Td (The ) Tj ET Q q 0 0 0 rg BT 94.22 593.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.77 593.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 179.20 593.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 207.52 593.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 243.63 593.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 261.39 593.25 Td (from ) Tj ET Q q 0 0 0 rg BT 282.50 593.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 315.83 593.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 344.15 593.25 Td (raising ) Tj ET Q q 0 0 0 rg BT 373.04 593.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 422.47 593.25 Td (at ) Tj ET Q q 0 0 0 rg BT 431.36 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 445.24 593.25 Td (time ) Tj ET Q q 0 0 0 rg BT 464.69 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.69 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.57 593.25 Td (client's ) Tj ET Q q 0 0 0 rg BT 518.15 593.25 Td (acceptance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.61 581.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 91.55 581.25 Td (or ) Tj ET Q q 0 0 0 rg BT 103.16 581.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 133.10 581.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 190.82 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 201.88 581.25 Td (a ) Tj ET Q q 0 0 0 rg BT 209.60 581.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 231.22 581.25 Td (in ) Tj ET Q q 0 0 0 rg BT 242.28 581.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 290.52 581.25 Td (with ) Tj ET Q q 0 0 0 rg BT 311.58 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.08 581.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 352.59 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.20 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.70 581.25 Td (engagement ) Tj ET Q q 0 0 0 rg BT 431.29 581.25 Td (letter) Tj ET Q q 0 0 0 rg BT 451.28 581.25 Td (. ) Tj ET Q q 0 0 0 rg BT 457.07 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 460.35 581.25 Td (Generally) Tj ET Q q 0 0 0 rg BT 499.13 581.25 Td (, ) Tj ET Q q 0 0 0 rg BT 504.91 581.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 520.40 581.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 555.33 581.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.34 569.25 Td (based ) Tj ET Q q 0 0 0 rg BT 122.47 569.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 144.83 569.25 Td (a ) Tj ET Q q 0 0 0 rg BT 151.63 569.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 174.53 569.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 220.19 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.88 569.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 259.89 569.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 305.02 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 315.16 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.74 569.25 Td (fund. ) Tj ET Q q 0 0 0 rg BT 352.93 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 355.29 569.25 Td (For ) Tj ET Q q 0 0 0 rg BT 371.54 569.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 407.23 569.25 Td (closings, ) Tj ET Q q 0 0 0 rg BT 444.87 569.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 478.87 569.25 Td (is ) Tj ET Q q 0 0 0 rg BT 487.90 569.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 534.12 569.25 Td (at ) Tj ET Q q 0 0 0 rg BT 543.70 569.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 80.97 557.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 111.95 557.25 Td (based ) Tj ET Q q 0 0 0 rg BT 136.81 557.25 Td (on ) Tj ET Q q 0 0 0 rg BT 148.90 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.20 557.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 195.29 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 205.71 557.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 234.45 557.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 279.31 557.25 Td (at ) Tj ET Q q 0 0 0 rg BT 288.61 557.25 Td (each ) Tj ET Q q 0 0 0 rg BT 309.02 557.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 340.00 557.25 Td (at ) Tj ET Q q 0 0 0 rg BT 349.30 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.61 557.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 386.25 557.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 400.54 557.25 Td (percentage. ) Tj ET Q q 0 0 0 rg BT 448.43 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 450.06 557.25 Td (At ) Tj ET Q q 0 0 0 rg BT 462.15 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.46 557.25 Td (final ) Tj ET Q q 0 0 0 rg BT 496.87 557.25 Td (closing, ) Tj ET Q q 0 0 0 rg BT 530.35 557.25 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.17 545.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 105.53 545.25 Td (at ) Tj ET Q q 0 0 0 rg BT 115.25 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.97 545.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 153.01 545.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 198.81 545.25 Td (for ) Tj ET Q q 0 0 0 rg BT 212.97 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 227.69 545.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 260.19 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.02 545.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 300.17 545.25 Td (committed ) Tj ET Q q 0 0 0 rg BT 345.43 545.25 Td (since ) Tj ET Q q 0 0 0 rg BT 368.48 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.20 545.25 Td (last ) Tj ET Q q 0 0 0 rg BT 399.58 545.25 Td (interim ) Tj ET Q q 0 0 0 rg BT 430.97 545.25 Td (closing.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 521.25 Td (The ) Tj ET Q q 0 0 0 rg BT 95.37 521.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 137.07 521.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 182.64 521.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 212.11 521.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 249.37 521.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 268.29 521.25 Td (from ) Tj ET Q q 0 0 0 rg BT 290.55 521.25 Td (secondary ) Tj ET Q q 0 0 0 rg BT 333.90 521.25 Td (market ) Tj ET Q q 0 0 0 rg BT 364.48 521.25 Td (transactions ) Tj ET Q q 0 0 0 rg BT 415.07 521.25 Td (at ) Tj ET Q q 0 0 0 rg BT 425.10 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.14 521.25 Td (time ) Tj ET Q q 0 0 0 rg BT 460.73 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.77 521.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 494.13 521.25 Td (or ) Tj ET Q q 0 0 0 rg BT 505.28 521.25 Td (transfer ) Tj ET Q q 0 0 0 rg BT 538.64 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 521.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 509.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 79.38 509.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 111.53 509.25 Td (is ) Tj ET Q q 0 0 0 rg BT 120.93 509.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 165.30 509.25 Td (in ) Tj ET Q q 0 0 0 rg BT 175.81 509.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 223.49 509.25 Td (with ) Tj ET Q q 0 0 0 rg BT 243.99 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.94 509.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 283.88 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.93 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.87 509.25 Td (engagement ) Tj ET Q q 0 0 0 rg BT 360.91 509.25 Td (letter) Tj ET Q q 0 0 0 rg BT 380.90 509.25 Td (. ) Tj ET Q q 0 0 0 rg BT 386.12 509.25 Td ( ) Tj ET Q q 0 0 0 rg BT 388.85 509.25 Td (Generally) Tj ET Q q 0 0 0 rg BT 427.62 509.25 Td (, ) Tj ET Q q 0 0 0 rg BT 432.85 509.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 447.78 509.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 482.15 509.25 Td (is ) Tj ET Q q 0 0 0 rg BT 491.54 509.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 539.25 509.25 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 497.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.50 497.25 Td (a ) Tj ET Q q 0 0 0 rg BT 79.44 497.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 102.49 497.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 148.29 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.12 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 173.83 497.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 220.21 497.25 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 473.25 Td (While ) Tj ET Q q 0 0 0 rg BT 103.62 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.02 473.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 154.08 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.60 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.00 473.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 225.76 473.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 240.15 473.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 273.98 473.25 Td (is ) Tj ET Q q 0 0 0 rg BT 282.84 473.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 311.67 473.25 Td (at ) Tj ET Q q 0 0 0 rg BT 321.07 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.47 473.25 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 380.98 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.49 473.25 Td (a ) Tj ET Q q 0 0 0 rg BT 398.12 473.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 444.17 473.25 Td (or ) Tj ET Q q 0 0 0 rg BT 454.69 473.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 485.76 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.27 473.25 Td (a ) Tj ET Q q 0 0 0 rg BT 502.89 473.25 Td (fund, ) Tj ET Q q 0 0 0 rg BT 525.91 473.25 Td (on-going ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.25 Td (retainer ) Tj ET Q q 0 0 0 rg BT 83.53 461.25 Td (fees, ) Tj ET Q q 0 0 0 rg BT 105.13 461.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 158.68 461.25 Td (all ) Tj ET Q q 0 0 0 rg BT 171.68 461.25 Td (of ) Tj ET Q q 0 0 0 rg BT 183.01 461.25 Td (which ) Tj ET Q q 0 0 0 rg BT 210.45 461.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 235.65 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 246.43 461.25 Td (non-success ) Tj ET Q q 0 0 0 rg BT 297.75 461.25 Td (based ) Tj ET Q q 0 0 0 rg BT 323.52 461.25 Td (strategic ) Tj ET Q q 0 0 0 rg BT 360.39 461.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 397.83 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.27 461.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 456.04 461.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 493.47 461.25 Td (and ) Tj ET Q q 0 0 0 rg BT 510.91 461.25 Td (restructuring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.25 Td (assignments, ) Tj ET Q q 0 0 0 rg BT 103.89 449.25 Td (are ) Tj ET Q q 0 0 0 rg BT 118.59 449.25 Td (also ) Tj ET Q q 0 0 0 rg BT 137.20 449.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 166.35 449.25 Td (and ) Tj ET Q q 0 0 0 rg BT 183.29 449.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 229.65 449.25 Td (as ) Tj ET Q q 0 0 0 rg BT 240.48 449.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 277.42 449.25 Td (fee ) Tj ET Q q 0 0 0 rg BT 292.12 449.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 326.27 449.25 Td (over ) Tj ET Q q 0 0 0 rg BT 346.54 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 361.25 449.25 Td (period ) Tj ET Q q 0 0 0 rg BT 389.30 449.25 Td (in ) Tj ET Q q 0 0 0 rg BT 399.58 449.25 Td (which ) Tj ET Q q 0 0 0 rg BT 426.52 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 441.24 449.25 Td (related ) Tj ET Q q 0 0 0 rg BT 470.94 449.25 Td (service ) Tj ET Q q 0 0 0 rg BT 501.75 449.25 Td (is ) Tj ET Q q 0 0 0 rg BT 510.92 449.25 Td (rendered.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 425.25 Td (The ) Tj ET Q q 0 0 0 rg BT 95.95 425.25 Td (Company) Tj ET Q q 0 0 0 rg BT 137.61 425.25 Td (s ) Tj ET Q q 0 0 0 rg BT 144.90 425.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 174.40 425.25 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 217.79 425.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 248.39 425.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 287.88 425.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 324.60 425.25 Td (by ) Tj ET Q q 0 0 0 rg BT 338.00 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.61 425.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 395.90 425.25 Td (in ) Tj ET Q q 0 0 0 rg BT 407.07 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 422.69 425.25 Td (conduct ) Tj ET Q q 0 0 0 rg BT 457.74 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 469.47 425.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 507.31 425.25 Td (engagements. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 413.25 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 89.51 413.25 Td (are ) Tj ET Q q 0 0 0 rg BT 103.46 413.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 138.52 413.25 Td (net ) Tj ET Q q 0 0 0 rg BT 152.48 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 162.55 413.25 Td (such ) Tj ET Q q 0 0 0 rg BT 182.62 413.25 Td (client ) Tj ET Q q 0 0 0 rg BT 206.58 413.25 Td (reimbursements. ) Tj ET Q q 0 0 0 rg BT 274.69 413.25 Td (Client ) Tj ET Q q 0 0 0 rg BT 300.88 413.25 Td (reimbursements ) Tj ET Q q 0 0 0 rg BT 366.49 413.25 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.44 413.25 Td ($5.4 ) Tj ET Q q 0 0 0 rg BT 414.69 413.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.58 413.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.82 413.25 Td ($4.5 ) Tj ET Q q 0 0 0 rg BT 467.06 413.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.95 413.25 Td ( ) Tj ET Q q 0 0 0 rg BT 497.70 413.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.88 413.25 Td ($6.5 ) Tj ET Q q 0 0 0 rg BT 533.12 413.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 413.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 401.25 Td (for ) Tj ET Q q 0 0 0 rg BT 64.16 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 78.88 401.25 Td (years ) Tj ET Q q 0 0 0 rg BT 102.48 401.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.85 401.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 187.44 401.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.44 401.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.44 401.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.44 401.25 Td (, ) Tj ET Q q 0 0 0 rg BT 237.44 401.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.38 401.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.38 401.25 Td (, ) Tj ET Q q 0 0 0 rg BT 279.38 401.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 327.04 401.25 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 62.00 375.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 107.82 375.25 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 349.25 Td (Investment ) Tj ET Q q 0 0 0 rg BT 122.89 349.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 159.88 349.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 189.12 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.91 349.25 Td (\(i\)gains ) Tj ET Q q 0 0 0 rg BT 233.41 349.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 246.53 349.25 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 275.20 349.25 Td (on ) Tj ET Q q 0 0 0 rg BT 286.66 349.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.33 349.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 346.37 349.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 395.60 349.25 Td (in ) Tj ET Q q 0 0 0 rg BT 404.83 349.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 433.49 349.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 472.15 349.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 505.83 349.25 Td (funds, ) Tj ET Q q 0 0 0 rg BT 532.00 349.25 Td (Iridium ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 337.25 Td (\(prior ) Tj ET Q q 0 0 0 rg BT 75.21 337.25 Td (to ) Tj ET Q q 0 0 0 rg BT 85.42 337.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.08 337.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 118.07 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.84 337.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.49 337.25 Td (entire ) Tj ET Q q 0 0 0 rg BT 168.69 337.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 215.01 337.25 Td (that ) Tj ET Q q 0 0 0 rg BT 232.45 337.25 Td (was ) Tj ET Q q 0 0 0 rg BT 250.44 337.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 294.53 337.25 Td (in ) Tj ET Q q 0 0 0 rg BT 304.75 337.25 Td (December ) Tj ET Q q 0 0 0 rg BT 348.27 337.25 Td (2013\) ) Tj ET Q q 0 0 0 rg BT 374.04 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 390.92 337.25 Td (other ) Tj ET Q q 0 0 0 rg BT 413.90 337.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 466.61 337.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.49 337.25 Td (\(ii\)interest ) Tj ET Q q 0 0 0 rg BT 530.08 337.25 Td (income. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 316.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.70 316.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.74 316.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 177.64 316.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 211.44 316.25 Td (on ) Tj ET Q q 0 0 0 rg BT 223.59 316.25 Td (its ) Tj ET Q q 0 0 0 rg BT 235.19 316.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 285.11 316.25 Td (in ) Tj ET Q q 0 0 0 rg BT 295.04 316.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 334.39 316.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 368.76 316.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 393.13 316.25 Td (based ) Tj ET Q q 0 0 0 rg BT 418.05 316.25 Td (on ) Tj ET Q q 0 0 0 rg BT 430.20 316.25 Td (its ) Tj ET Q q 0 0 0 rg BT 441.80 316.25 Td (allocable ) Tj ET Q q 0 0 0 rg BT 480.04 316.25 Td (share ) Tj ET Q q 0 0 0 rg BT 503.29 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.77 316.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 547.56 316.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.25 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 93.69 304.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 116.84 304.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 130.55 304.25 Td (losses\) ) Tj ET Q q 0 0 0 rg BT 159.81 304.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 195.18 304.25 Td (by ) Tj ET Q q 0 0 0 rg BT 207.22 304.25 Td (such ) Tj ET Q q 0 0 0 rg BT 227.60 304.25 Td (funds. ) Tj ET Q q 0 0 0 rg BT 254.22 304.25 Td (The ) Tj ET Q q 0 0 0 rg BT 271.81 304.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 312.74 304.25 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 357.54 304.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 391.23 304.25 Td (on ) Tj ET Q q 0 0 0 rg BT 403.28 304.25 Td (its ) Tj ET Q q 0 0 0 rg BT 414.77 304.25 Td (other ) Tj ET Q q 0 0 0 rg BT 437.37 304.25 Td (investments, ) Tj ET Q q 0 0 0 rg BT 489.69 304.25 Td (including ) Tj ET Q q 0 0 0 rg BT 529.51 304.25 Td (Iridium, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 292.25 Td (which ) Tj ET Q q 0 0 0 rg BT 76.38 292.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 116.10 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 130.26 292.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 176.79 292.25 Td (influence ) Tj ET Q q 0 0 0 rg BT 215.94 292.25 Td (or ) Tj ET Q q 0 0 0 rg BT 226.21 292.25 Td (control ) Tj ET Q q 0 0 0 rg BT 256.48 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 266.76 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.92 292.25 Td (investee, ) Tj ET Q q 0 0 0 rg BT 318.13 292.25 Td (based ) Tj ET Q q 0 0 0 rg BT 342.84 292.25 Td (on ) Tj ET Q q 0 0 0 rg BT 354.79 292.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 377.84 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 394.23 292.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 420.07 292.25 Td (on ) Tj ET Q q 0 0 0 rg BT 432.01 292.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 477.84 292.25 Td (positions ) Tj ET Q q 0 0 0 rg BT 515.90 292.25 Td (held, ) Tj ET Q q 0 0 0 rg BT 537.57 292.25 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 280.25 Td (arise ) Tj ET Q q 0 0 0 rg BT 70.61 280.25 Td (from ) Tj ET Q q 0 0 0 rg BT 91.78 280.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 112.95 280.25 Td (or ) Tj ET Q q 0 0 0 rg BT 123.01 280.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 156.95 280.25 Td (in ) Tj ET Q q 0 0 0 rg BT 166.46 280.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.40 280.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 196.01 280.25 Td (value ) Tj ET Q q 0 0 0 rg BT 219.40 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.46 280.25 Td (investments. ) Tj ET Q q 0 0 0 rg BT 281.34 280.25 Td (The ) Tj ET Q q 0 0 0 rg BT 298.62 280.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 330.34 280.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.40 280.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 363.24 280.25 Td (or ) Tj ET Q q 0 0 0 rg BT 373.30 280.25 Td (losses ) Tj ET Q q 0 0 0 rg BT 398.93 280.25 Td (are ) Tj ET Q q 0 0 0 rg BT 412.86 280.25 Td (not ) Tj ET Q q 0 0 0 rg BT 427.37 280.25 Td (predictable ) Tj ET Q q 0 0 0 rg BT 473.52 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 489.69 280.25 Td (can ) Tj ET Q q 0 0 0 rg BT 505.30 280.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 529.24 280.25 Td (periodic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 268.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 99.71 268.25 Td (in ) Tj ET Q q 0 0 0 rg BT 109.99 268.25 Td (net ) Tj ET Q q 0 0 0 rg BT 124.71 268.25 Td (income ) Tj ET Q q 0 0 0 rg BT 156.64 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 173.58 268.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 212.16 268.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 242.99 268.25 Td (the ) Tj ET Q q 0 0 0 rg BT 257.71 268.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 299.09 268.25 Td (to ) Tj ET Q q 0 0 0 rg BT 309.37 268.25 Td (market ) Tj ET Q q 0 0 0 rg BT 339.63 268.25 Td (and ) Tj ET Q q 0 0 0 rg BT 356.57 268.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 381.84 268.25 Td (risk. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 242.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 85.62 242.25 Td (and ) Tj ET Q q 0 0 0 rg BT 103.68 242.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 127.31 242.25 Td (Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 225.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.53 225.25 Td (Company) Tj ET Q q 0 0 0 rg BT 133.19 225.25 Td (s ) Tj ET Q q 0 0 0 rg BT 139.07 225.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 158.82 225.25 Td (and ) Tj ET Q q 0 0 0 rg BT 175.24 225.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 194.99 225.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 242.52 225.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 272.28 225.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.59 225.25 Td (\(i\)cash ) Tj ET Q q 0 0 0 rg BT 314.28 225.25 Td (held ) Tj ET Q q 0 0 0 rg BT 333.48 225.25 Td (on ) Tj ET Q q 0 0 0 rg BT 345.46 225.25 Td (deposit ) Tj ET Q q 0 0 0 rg BT 376.33 225.25 Td (with ) Tj ET Q q 0 0 0 rg BT 396.09 225.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 433.05 225.25 Td (institutions, ) Tj ET Q q 0 0 0 rg BT 481.99 225.25 Td (\(ii\)cash ) Tj ET Q q 0 0 0 rg BT 516.46 225.25 Td (equivalents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 213.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.62 213.25 Td (\(iii\)restricted ) Tj ET Q q 0 0 0 rg BT 123.49 213.25 Td (cash. ) Tj ET Q q 0 0 0 rg BT 145.94 213.25 Td ( ) Tj ET Q q 0 0 0 rg BT 147.96 213.25 Td (The ) Tj ET Q q 0 0 0 rg BT 165.69 213.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 206.76 213.25 Td (maintains ) Tj ET Q q 0 0 0 rg BT 247.82 213.25 Td (its ) Tj ET Q q 0 0 0 rg BT 259.44 213.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 279.39 213.25 Td (and ) Tj ET Q q 0 0 0 rg BT 296.01 213.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 315.96 213.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 363.68 213.25 Td (with ) Tj ET Q q 0 0 0 rg BT 383.64 213.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 420.80 213.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 467.43 213.25 Td (with ) Tj ET Q q 0 0 0 rg BT 487.39 213.25 Td (high ) Tj ET Q q 0 0 0 rg BT 507.34 213.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 532.29 213.25 Td (ratings. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 201.25 Td (The ) Tj ET Q q 0 0 0 rg BT 68.40 201.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 110.14 201.25 Td (considers ) Tj ET Q q 0 0 0 rg BT 150.77 201.25 Td (all ) Tj ET Q q 0 0 0 rg BT 163.62 201.25 Td (highly ) Tj ET Q q 0 0 0 rg BT 192.03 201.25 Td (liquid ) Tj ET Q q 0 0 0 rg BT 218.22 201.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 268.85 201.25 Td (with ) Tj ET Q q 0 0 0 rg BT 289.48 201.25 Td (a ) Tj ET Q q 0 0 0 rg BT 296.78 201.25 Td (maturity ) Tj ET Q q 0 0 0 rg BT 333.52 201.25 Td (date ) Tj ET Q q 0 0 0 rg BT 353.03 201.25 Td (of ) Tj ET Q q 0 0 0 rg BT 364.21 201.25 Td (three ) Tj ET Q q 0 0 0 rg BT 387.05 201.25 Td (months ) Tj ET Q q 0 0 0 rg BT 419.36 201.25 Td (or ) Tj ET Q q 0 0 0 rg BT 430.54 201.25 Td (less, ) Tj ET Q q 0 0 0 rg BT 450.90 201.25 Td (when ) Tj ET Q q 0 0 0 rg BT 475.41 201.25 Td (purchased, ) Tj ET Q q 0 0 0 rg BT 521.31 201.25 Td (to ) Tj ET Q q 0 0 0 rg BT 531.94 201.25 Td (be ) Tj ET Q q 0 0 0 rg BT 544.23 201.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 189.25 Td (equivalents. ) Tj ET Q q 0 0 0 rg BT 100.54 189.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 123.04 189.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 171.08 189.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 210.80 189.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 241.07 189.25 Td (of ) Tj ET Q q 0 0 0 rg BT 251.90 189.25 Td (money ) Tj ET Q q 0 0 0 rg BT 281.62 189.25 Td (market ) Tj ET Q q 0 0 0 rg BT 311.88 189.25 Td (funds ) Tj ET Q q 0 0 0 rg BT 336.61 189.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.54 189.25 Td (overnight ) Tj ET Q q 0 0 0 rg BT 394.37 189.25 Td (deposits. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 172.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 127.92 172.25 Td (believes ) Tj ET Q q 0 0 0 rg BT 162.39 172.25 Td (that ) Tj ET Q q 0 0 0 rg BT 179.10 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 193.03 172.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 233.63 172.25 Td (is ) Tj ET Q q 0 0 0 rg BT 242.02 172.25 Td (not ) Tj ET Q q 0 0 0 rg BT 256.51 172.25 Td (exposed ) Tj ET Q q 0 0 0 rg BT 290.99 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 300.48 172.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 344.41 172.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 368.89 172.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 385.60 172.25 Td (due ) Tj ET Q q 0 0 0 rg BT 401.75 172.25 Td (to ) Tj ET Q q 0 0 0 rg BT 411.25 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.18 172.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 461.87 172.25 Td (position ) Tj ET Q q 0 0 0 rg BT 495.81 172.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.86 172.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.79 172.25 Td (depository ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 160.25 Td (institutions ) Tj ET Q q 0 0 0 rg BT 96.95 160.25 Td (in ) Tj ET Q q 0 0 0 rg BT 107.23 160.25 Td (which ) Tj ET Q q 0 0 0 rg BT 134.17 160.25 Td (those ) Tj ET Q q 0 0 0 rg BT 157.78 160.25 Td (deposits ) Tj ET Q q 0 0 0 rg BT 193.06 160.25 Td (are ) Tj ET Q q 0 0 0 rg BT 207.76 160.25 Td (held. ) Tj ET Q q 0 0 0 rg BT 229.98 160.25 Td ( ) Tj ET Q q 0 0 0 rg BT 232.48 160.25 Td (See ) Tj ET Q q 0 0 0 rg BT 249.42 160.25 Td (") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.50 160.25 Td (Note4 ) Tj ET Q q 0 0 0 rg BT 295.44 160.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 317.94 160.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.88 160.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 357.38 160.25 Td (Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.59 160.25 Td (". ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 134.25 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 100.61 134.25 Td (Fees ) Tj ET Q q 0 0 0 rg BT 122.55 134.25 Td (Receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 117.25 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 125.11 117.25 Td (are ) Tj ET Q q 0 0 0 rg BT 140.11 117.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 166.23 117.25 Td (net ) Tj ET Q q 0 0 0 rg BT 181.25 117.25 Td (of ) Tj ET Q q 0 0 0 rg BT 192.37 117.25 Td (an ) Tj ET Q q 0 0 0 rg BT 204.61 117.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 247.94 117.25 Td (for ) Tj ET Q q 0 0 0 rg BT 262.40 117.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 299.08 117.25 Td (accounts. ) Tj ET Q q 0 0 0 rg BT 339.16 117.25 Td (The ) Tj ET Q q 0 0 0 rg BT 357.50 117.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 393.62 117.25 Td (for ) Tj ET Q q 0 0 0 rg BT 408.08 117.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.09 117.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 466.42 117.25 Td (for ) Tj ET Q q 0 0 0 rg BT 480.88 117.25 Td (doubtful ) Tj ET Q q 0 0 0 rg BT 517.56 117.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 555.34 117.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 81.48 105.25 Td (by ) Tj ET Q q 0 0 0 rg BT 92.98 105.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.70 105.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 147.08 105.25 Td (by ) Tj ET Q q 0 0 0 rg BT 158.58 105.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 193.41 105.25 Td (past ) Tj ET Q q 0 0 0 rg BT 211.01 105.25 Td (client ) Tj ET Q q 0 0 0 rg BT 234.72 105.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 280.09 105.25 Td (history ) Tj ET Q q 0 0 0 rg BT 309.37 105.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.31 105.25 Td (an ) Tj ET Q q 0 0 0 rg BT 336.24 105.25 Td (assessment ) Tj ET Q q 0 0 0 rg BT 382.18 105.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.01 105.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.72 105.25 Td (client) Tj ET Q q 0 0 0 rg BT 430.71 105.25 Td (s ) Tj ET Q q 0 0 0 rg BT 436.10 105.25 Td (creditworthiness. ) Tj ET Q q 0 0 0 rg BT 506.09 105.25 Td (The ) Tj ET Q q 0 0 0 rg BT 523.13 105.25 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 93.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 88.29 93.25 Td (bad ) Tj ET Q q 0 0 0 rg BT 106.04 93.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 126.57 93.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 162.10 93.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.74 93.25 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 194.55 93.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.45 93.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.76 93.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.51 93.25 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 265.33 93.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.22 93.25 Td ( ) Tj ET Q q 0 0 0 rg BT 297.53 93.25 Td (for ) Tj ET Q q 0 0 0 rg BT 312.51 93.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.04 93.25 Td (years ) Tj ET Q q 0 0 0 rg BT 352.45 93.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.64 93.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 439.04 93.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.04 93.25 Td ( ) Tj ET Q q 0 0 0 rg BT 462.36 93.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.11 93.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 539.51 93.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 93.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 81.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 81.25 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 81.25 Td (The ) Tj ET Q q 0 0 0 rg BT 120.53 81.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.91 81.25 Td (did ) Tj ET Q q 0 0 0 rg BT 177.19 81.25 Td (not ) Tj ET Q q 0 0 0 rg BT 192.47 81.25 Td (record ) Tj ET Q q 0 0 0 rg BT 220.51 81.25 Td (a ) Tj ET Q q 0 0 0 rg BT 227.45 81.25 Td (bad ) Tj ET Q q 0 0 0 rg BT 244.38 81.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 264.10 81.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 298.81 81.25 Td (for ) Tj ET Q q 0 0 0 rg BT 312.97 81.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.69 81.25 Td (year ) Tj ET Q q 0 0 0 rg BT 347.39 81.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.77 81.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 432.35 81.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.35 81.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 60.25 Td (Included ) Tj ET Q q 0 0 0 rg BT 111.45 60.25 Td (in ) Tj ET Q q 0 0 0 rg BT 121.68 60.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.36 60.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 173.26 60.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 191.82 60.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 235.36 60.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 272.24 60.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.92 60.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 340.46 60.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.46 60.25 Td ( ) Tj ET Q q 0 0 0 rg BT 362.92 60.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.82 60.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.82 60.25 Td ( ) Tj ET Q q 0 0 0 rg BT 402.28 60.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.17 60.25 Td ($32.4 ) Tj ET Q q 0 0 0 rg BT 449.13 60.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.02 60.25 Td ( ) Tj ET Q q 0 0 0 rg BT 480.48 60.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.38 60.25 Td ($37.3 ) Tj ET Q q 0 0 0 rg BT 522.34 60.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.23 60.25 Td ( ) Tj ET Q q 0 0 0 rg BT 553.69 60.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 48.25 Td (long ) Tj ET Q q 0 0 0 rg BT 70.29 48.25 Td (term ) Tj ET Q q 0 0 0 rg BT 91.13 48.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 138.62 48.25 Td (related ) Tj ET Q q 0 0 0 rg BT 168.33 48.25 Td (to ) Tj ET Q q 0 0 0 rg BT 178.62 48.25 Td (primary ) Tj ET Q q 0 0 0 rg BT 212.79 48.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 241.96 48.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 278.91 48.25 Td (engagements, ) Tj ET Q q 0 0 0 rg BT 336.12 48.25 Td (which ) Tj ET Q q 0 0 0 rg BT 363.08 48.25 Td (are ) Tj ET Q q 0 0 0 rg BT 377.80 48.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 417.51 48.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 437.24 48.25 Td (in ) Tj ET Q q 0 0 0 rg BT 447.54 48.25 Td (installments ) Tj ET Q q 0 0 0 rg BT 498.38 48.25 Td (over ) Tj ET Q q 0 0 0 rg BT 518.66 48.25 Td (a ) Tj ET Q q 0 0 0 rg BT 525.61 48.25 Td (period ) Tj ET Q q 0 0 0 rg BT 553.67 48.25 Td (of ) Tj ET Q endstream endobj 157 0 obj <> endobj 158 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (three ) Tj ET Q q 0 0 0 rg BT 72.38 742.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.47 742.10 Td (. ) Tj ET Q q 0 0 0 rg BT 98.36 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.75 742.10 Td (Included ) Tj ET Q q 0 0 0 rg BT 138.13 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 148.85 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 155.68 742.10 Td (component ) Tj ET Q q 0 0 0 rg BT 202.50 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.22 742.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 259.49 742.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 297.42 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 306.48 742.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 338.31 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 370.13 742.10 Td (related ) Tj ET Q q 0 0 0 rg BT 399.72 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.89 742.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 443.94 742.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 472.98 742.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 509.80 742.10 Td (engagements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.83 730.10 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 80.83 730.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.72 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.72 730.10 Td ($0.9 ) Tj ET Q q 0 0 0 rg BT 134.72 730.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.61 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.11 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.05 730.10 Td ($0.8 ) Tj ET Q q 0 0 0 rg BT 203.05 730.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.94 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 234.44 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 248.60 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.32 730.10 Td (years ) Tj ET Q q 0 0 0 rg BT 286.92 730.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.30 730.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 371.88 730.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.88 730.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.88 730.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.88 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.38 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.32 730.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.32 730.10 Td (, ) Tj ET Q q 0 0 0 rg BT 461.32 730.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 508.98 730.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 709.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 101.87 709.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 119.74 709.10 Td (related ) Tj ET Q q 0 0 0 rg BT 149.81 709.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.46 709.10 Td (advisory ) Tj ET Q q 0 0 0 rg BT 197.77 709.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 216.74 709.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 260.69 709.10 Td (is ) Tj ET Q q 0 0 0 rg BT 270.23 709.10 Td (disbursed ) Tj ET Q q 0 0 0 rg BT 311.43 709.10 Td (across ) Tj ET Q q 0 0 0 rg BT 339.29 709.10 Td (a ) Tj ET Q q 0 0 0 rg BT 346.60 709.10 Td (lar) Tj ET Q q 0 0 0 rg BT 356.97 709.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 369.28 709.10 Td (number ) Tj ET Q q 0 0 0 rg BT 402.70 709.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.90 709.10 Td (clients ) Tj ET Q q 0 0 0 rg BT 442.87 709.10 Td (located ) Tj ET Q q 0 0 0 rg BT 474.62 709.10 Td (in ) Tj ET Q q 0 0 0 rg BT 485.26 709.10 Td (various ) Tj ET Q q 0 0 0 rg BT 517.57 709.10 Td (geographic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 697.10 Td (areas. ) Tj ET Q q 0 0 0 rg BT 75.93 697.10 Td ( ) Tj ET Q q 0 0 0 rg BT 78.62 697.10 Td (The ) Tj ET Q q 0 0 0 rg BT 97.06 697.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 138.84 697.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 173.95 697.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 199.61 697.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 217.50 697.10 Td (through ) Tj ET Q q 0 0 0 rg BT 251.51 697.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 277.16 697.10 Td (approvals ) Tj ET Q q 0 0 0 rg BT 318.94 697.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.27 697.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 383.61 697.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 430.37 697.10 Td (but ) Tj ET Q q 0 0 0 rg BT 446.04 697.10 Td (does ) Tj ET Q q 0 0 0 rg BT 467.27 697.10 Td (not ) Tj ET Q q 0 0 0 rg BT 482.94 697.10 Td (require ) Tj ET Q q 0 0 0 rg BT 514.15 697.10 Td (collateral ) Tj ET Q q 0 0 0 rg BT 554.24 697.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 685.10 Td (support ) Tj ET Q q 0 0 0 rg BT 82.50 685.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 119.99 685.10 Td (receivable.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 659.10 Td (Investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 642.60 Td (The ) Tj ET Q q 0 0 0 rg BT 91.68 642.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 138.40 642.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 188.31 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 198.23 642.60 Td (merchant ) Tj ET Q q 0 0 0 rg BT 237.57 642.60 Td (banking ) Tj ET Q q 0 0 0 rg BT 271.92 642.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 296.28 642.60 Td (are ) Tj ET Q q 0 0 0 rg BT 310.63 642.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 347.74 642.60 Td (under ) Tj ET Q q 0 0 0 rg BT 372.65 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 387.00 642.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 414.13 642.60 Td (method ) Tj ET Q q 0 0 0 rg BT 446.27 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 456.74 642.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 502.75 642.60 Td (based ) Tj ET Q q 0 0 0 rg BT 527.65 642.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 549.79 642.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 630.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 97.77 630.60 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 154.83 630.60 Td (share ) Tj ET Q q 0 0 0 rg BT 179.12 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 190.63 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 206.04 630.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 247.55 630.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 264.61 630.60 Td (value ) Tj ET Q q 0 0 0 rg BT 289.46 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 300.98 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 316.38 630.60 Td (underlying ) Tj ET Q q 0 0 0 rg BT 362.90 630.60 Td (merchant ) Tj ET Q q 0 0 0 rg BT 403.29 630.60 Td (banking ) Tj ET Q q 0 0 0 rg BT 438.69 630.60 Td (fund's ) Tj ET Q q 0 0 0 rg BT 465.90 630.60 Td (net ) Tj ET Q q 0 0 0 rg BT 481.31 630.60 Td (assets. ) Tj ET Q q 0 0 0 rg BT 510.10 630.60 Td (The ) Tj ET Q q 0 0 0 rg BT 528.83 630.60 Td (value ) Tj ET Q q 0 0 0 rg BT 553.68 630.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 618.60 Td (merchant ) Tj ET Q q 0 0 0 rg BT 88.60 618.60 Td (banking ) Tj ET Q q 0 0 0 rg BT 122.22 618.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 141.95 618.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 191.13 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 200.31 618.60 Td (privately ) Tj ET Q q 0 0 0 rg BT 237.25 618.60 Td (held ) Tj ET Q q 0 0 0 rg BT 255.87 618.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 300.03 618.60 Td (is ) Tj ET Q q 0 0 0 rg BT 308.11 618.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 354.49 618.60 Td (by ) Tj ET Q q 0 0 0 rg BT 365.89 618.60 Td (management ) Tj ET Q q 0 0 0 rg BT 418.38 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 428.11 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 441.73 618.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 461.46 618.60 Td (after ) Tj ET Q q 0 0 0 rg BT 481.18 618.60 Td (giving ) Tj ET Q q 0 0 0 rg BT 508.13 618.60 Td (consideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.57 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 73.58 606.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 91.48 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 101.61 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 115.62 606.60 Td (security) Tj ET Q q 0 0 0 rg BT 146.62 606.60 Td (, ) Tj ET Q q 0 0 0 rg BT 150.92 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 164.93 606.60 Td (pricing ) Tj ET Q q 0 0 0 rg BT 195.05 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 205.17 606.60 Td (other ) Tj ET Q q 0 0 0 rg BT 227.51 606.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 248.74 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 258.87 606.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 298.42 606.60 Td (by ) Tj ET Q q 0 0 0 rg BT 310.22 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 324.23 606.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 361.01 606.60 Td (company) Tj ET Q q 0 0 0 rg BT 397.02 606.60 Td (, ) Tj ET Q q 0 0 0 rg BT 401.31 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 415.32 606.60 Td (price ) Tj ET Q q 0 0 0 rg BT 437.10 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 447.23 606.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 486.78 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 496.91 606.60 Td (other ) Tj ET Q q 0 0 0 rg BT 519.25 606.60 Td (companies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 594.60 Td (comparable ) Tj ET Q q 0 0 0 rg BT 98.98 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 109.09 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 123.65 594.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 160.98 594.60 Td (company) Tj ET Q q 0 0 0 rg BT 196.98 594.60 Td (, ) Tj ET Q q 0 0 0 rg BT 201.82 594.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 239.69 594.60 Td (multiples ) Tj ET Q q 0 0 0 rg BT 279.25 594.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 298.80 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 308.92 594.60 Td (other ) Tj ET Q q 0 0 0 rg BT 331.80 594.60 Td (comparable ) Tj ET Q q 0 0 0 rg BT 380.78 594.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 425.88 594.60 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 478.48 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.03 594.60 Td (original ) Tj ET Q q 0 0 0 rg BT 526.47 594.60 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 582.60 Td (price ) Tj ET Q q 0 0 0 rg BT 73.28 582.60 Td (multiple, ) Tj ET Q q 0 0 0 rg BT 112.41 582.60 Td (market ) Tj ET Q q 0 0 0 rg BT 143.47 582.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 190.93 582.60 Td (liquidity) Tj ET Q q 0 0 0 rg BT 224.17 582.60 Td (, ) Tj ET Q q 0 0 0 rg BT 229.97 582.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 271.03 582.60 Td (results ) Tj ET Q q 0 0 0 rg BT 300.43 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 318.16 582.60 Td (other ) Tj ET Q q 0 0 0 rg BT 342.01 582.60 Td (qualitative ) Tj ET Q q 0 0 0 rg BT 387.51 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 405.24 582.60 Td (quantitative ) Tj ET Q q 0 0 0 rg BT 455.75 582.60 Td (factors. ) Tj ET Q q 0 0 0 rg BT 488.75 582.60 Td (Discounts ) Tj ET Q q 0 0 0 rg BT 532.05 582.60 Td (may ) Tj ET Q q 0 0 0 rg BT 552.56 582.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 570.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 81.13 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 90.61 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 104.53 570.60 Td (funds' ) Tj ET Q q 0 0 0 rg BT 130.25 570.60 Td (privately ) Tj ET Q q 0 0 0 rg BT 167.49 570.60 Td (held ) Tj ET Q q 0 0 0 rg BT 186.41 570.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 235.88 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 245.36 570.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 272.59 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 286.50 570.60 Td (lack ) Tj ET Q q 0 0 0 rg BT 304.86 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 314.89 570.60 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 350.48 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 366.62 570.60 Td (other ) Tj ET Q q 0 0 0 rg BT 388.86 570.60 Td (transfer ) Tj ET Q q 0 0 0 rg BT 421.10 570.60 Td (restrictions. ) Tj ET Q q 0 0 0 rg BT 469.73 570.60 Td (Investments ) Tj ET Q q 0 0 0 rg BT 519.76 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 529.23 570.60 Td (publicly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 558.60 Td (traded ) Tj ET Q q 0 0 0 rg BT 77.19 558.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 117.16 558.60 Td (are ) Tj ET Q q 0 0 0 rg BT 131.57 558.60 Td (valued ) Tj ET Q q 0 0 0 rg BT 160.44 558.60 Td (using ) Tj ET Q q 0 0 0 rg BT 184.31 558.60 Td (quoted ) Tj ET Q q 0 0 0 rg BT 213.73 558.60 Td (market ) Tj ET Q q 0 0 0 rg BT 243.70 558.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 269.79 558.60 Td (discounted ) Tj ET Q q 0 0 0 rg BT 315.32 558.60 Td (for ) Tj ET Q q 0 0 0 rg BT 329.18 558.60 Td (any ) Tj ET Q q 0 0 0 rg BT 345.83 558.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 367.47 558.60 Td (or ) Tj ET Q q 0 0 0 rg BT 378.00 558.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 424.63 558.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 471.27 558.60 Td (on ) Tj ET Q q 0 0 0 rg BT 483.48 558.60 Td (sale. ) Tj ET Q q 0 0 0 rg BT 503.73 558.60 Td (Because ) Tj ET Q q 0 0 0 rg BT 539.25 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 558.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 546.60 Td (inherent ) Tj ET Q q 0 0 0 rg BT 86.23 546.60 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 134.68 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 146.48 546.60 Td (valuations ) Tj ET Q q 0 0 0 rg BT 191.05 546.60 Td (as ) Tj ET Q q 0 0 0 rg BT 202.85 546.60 Td (well ) Tj ET Q q 0 0 0 rg BT 223.53 546.60 Td (as ) Tj ET Q q 0 0 0 rg BT 235.33 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 251.02 546.60 Td (discounts ) Tj ET Q q 0 0 0 rg BT 292.26 546.60 Td (applied, ) Tj ET Q q 0 0 0 rg BT 327.67 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 343.35 546.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 385.14 546.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 402.48 546.60 Td (values ) Tj ET Q q 0 0 0 rg BT 431.50 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 443.30 546.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 494.54 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 505.79 546.60 Td (privately ) Tj ET Q q 0 0 0 rg BT 544.80 546.60 Td (held ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 534.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 95.27 534.60 Td (may ) Tj ET Q q 0 0 0 rg BT 114.99 534.60 Td (dif) Tj ET Q q 0 0 0 rg BT 125.91 534.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 139.51 534.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 192.01 534.60 Td (from ) Tj ET Q q 0 0 0 rg BT 213.95 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 228.67 534.60 Td (values ) Tj ET Q q 0 0 0 rg BT 256.72 534.60 Td (that ) Tj ET Q q 0 0 0 rg BT 274.21 534.60 Td (would ) Tj ET Q q 0 0 0 rg BT 301.72 534.60 Td (have ) Tj ET Q q 0 0 0 rg BT 323.10 534.60 Td (been ) Tj ET Q q 0 0 0 rg BT 344.48 534.60 Td (used ) Tj ET Q q 0 0 0 rg BT 365.31 534.60 Td (had ) Tj ET Q q 0 0 0 rg BT 382.25 534.60 Td (a ) Tj ET Q q 0 0 0 rg BT 389.19 534.60 Td (ready ) Tj ET Q q 0 0 0 rg BT 413.90 534.60 Td (market ) Tj ET Q q 0 0 0 rg BT 444.17 534.60 Td (for ) Tj ET Q q 0 0 0 rg BT 458.33 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 473.05 534.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 513.31 534.60 Td (existed. ) Tj ET Q q 0 0 0 rg BT 546.46 534.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 522.60 Td (values ) Tj ET Q q 0 0 0 rg BT 79.13 522.60 Td (at ) Tj ET Q q 0 0 0 rg BT 89.93 522.60 Td (which ) Tj ET Q q 0 0 0 rg BT 117.95 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 133.75 522.60 Td (Company's ) Tj ET Q q 0 0 0 rg BT 181.91 522.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 233.27 522.60 Td (are ) Tj ET Q q 0 0 0 rg BT 249.06 522.60 Td (carried ) Tj ET Q q 0 0 0 rg BT 280.40 522.60 Td (on ) Tj ET Q q 0 0 0 rg BT 293.98 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 309.78 522.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 363.91 522.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 409.70 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 421.61 522.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.18 522.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 501.53 522.60 Td (are ) Tj ET Q q 0 0 0 rg BT 517.32 522.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 554.23 522.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 510.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 91.14 510.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 107.83 510.60 Td (value ) Tj ET Q q 0 0 0 rg BT 132.31 510.60 Td (at ) Tj ET Q q 0 0 0 rg BT 142.34 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 157.38 510.60 Td (end ) Tj ET Q q 0 0 0 rg BT 174.64 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 185.79 510.60 Td (each ) Tj ET Q q 0 0 0 rg BT 206.92 510.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 238.06 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 255.31 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 270.35 510.60 Td (volatility ) Tj ET Q q 0 0 0 rg BT 309.28 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 319.87 510.60 Td (general ) Tj ET Q q 0 0 0 rg BT 352.12 510.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 393.81 510.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 440.79 510.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 464.72 510.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 499.19 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 516.45 510.60 Td (commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 498.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 76.38 498.60 Td (may ) Tj ET Q q 0 0 0 rg BT 96.09 498.60 Td (result ) Tj ET Q q 0 0 0 rg BT 120.81 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 131.09 498.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 175.80 498.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 210.51 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 220.79 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 235.50 498.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 276.32 498.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 292.70 498.60 Td (value ) Tj ET Q q 0 0 0 rg BT 316.86 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 327.69 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 342.40 498.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 392.68 498.60 Td (from ) Tj ET Q q 0 0 0 rg BT 414.61 498.60 Td (period ) Tj ET Q q 0 0 0 rg BT 442.66 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 452.94 498.60 Td (period. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 472.60 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 455.60 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 114.09 455.60 Td (is ) Tj ET Q q 0 0 0 rg BT 123.07 455.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.60 455.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 156.02 455.60 Td (in ) Tj ET Q q 0 0 0 rg BT 166.11 455.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 194.52 455.60 Td (of ) Tj ET Q q 0 0 0 rg BT 205.16 455.60 Td (the ) Tj ET Q q 0 0 0 rg BT 219.69 455.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 235.88 455.60 Td (value ) Tj ET Q q 0 0 0 rg BT 259.85 455.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.49 455.60 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 318.34 455.60 Td (net ) Tj ET Q q 0 0 0 rg BT 332.87 455.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 358.51 455.60 Td (at ) Tj ET Q q 0 0 0 rg BT 368.04 455.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 414.23 455.60 Td (date. ) Tj ET Q q 0 0 0 rg BT 435.53 455.60 Td (The ) Tj ET Q q 0 0 0 rg BT 453.39 455.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 494.59 455.60 Td (tests ) Tj ET Q q 0 0 0 rg BT 514.68 455.60 Td (its ) Tj ET Q q 0 0 0 rg BT 526.44 455.60 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.60 Td (for ) Tj ET Q q 0 0 0 rg BT 63.28 443.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 111.00 443.60 Td (at ) Tj ET Q q 0 0 0 rg BT 119.84 443.60 Td (least ) Tj ET Q q 0 0 0 rg BT 139.79 443.60 Td (annually) Tj ET Q q 0 0 0 rg BT 173.57 443.60 Td (. ) Tj ET Q q 0 0 0 rg BT 177.33 443.60 Td (An ) Tj ET Q q 0 0 0 rg BT 191.18 443.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 238.90 443.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 256.08 443.60 Td (is ) Tj ET Q q 0 0 0 rg BT 264.37 443.60 Td (triggered ) Tj ET Q q 0 0 0 rg BT 302.08 443.60 Td (if ) Tj ET Q q 0 0 0 rg BT 309.81 443.60 Td (the ) Tj ET Q q 0 0 0 rg BT 323.65 443.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 363.59 443.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 379.09 443.60 Td (value ) Tj ET Q q 0 0 0 rg BT 402.37 443.60 Td (of ) Tj ET Q q 0 0 0 rg BT 412.32 443.60 Td (an ) Tj ET Q q 0 0 0 rg BT 423.38 443.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 462.76 443.60 Td (unit ) Tj ET Q q 0 0 0 rg BT 479.94 443.60 Td (is ) Tj ET Q q 0 0 0 rg BT 488.23 443.60 Td (less ) Tj ET Q q 0 0 0 rg BT 504.85 443.60 Td (than ) Tj ET Q q 0 0 0 rg BT 523.69 443.60 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.60 Td (net ) Tj ET Q q 0 0 0 rg BT 64.72 431.60 Td (book ) Tj ET Q q 0 0 0 rg BT 87.22 431.60 Td (value. ) Tj ET Q q 0 0 0 rg BT 113.87 431.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 136.37 431.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 154.43 431.60 Td (is ) Tj ET Q q 0 0 0 rg BT 163.60 431.60 Td (calculated ) Tj ET Q q 0 0 0 rg BT 206.63 431.60 Td (as ) Tj ET Q q 0 0 0 rg BT 217.46 431.60 Td (the ) Tj ET Q q 0 0 0 rg BT 232.18 431.60 Td (dif) Tj ET Q q 0 0 0 rg BT 243.11 431.60 Td (ference ) Tj ET Q q 0 0 0 rg BT 275.02 431.60 Td (between ) Tj ET Q q 0 0 0 rg BT 310.83 431.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.55 431.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 366.37 431.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 382.75 431.60 Td (value ) Tj ET Q q 0 0 0 rg BT 406.90 431.60 Td (of ) Tj ET Q q 0 0 0 rg BT 417.73 431.60 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 455.79 431.60 Td (and ) Tj ET Q q 0 0 0 rg BT 472.73 431.60 Td (its ) Tj ET Q q 0 0 0 rg BT 484.68 431.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 520.49 431.60 Td (value.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 410.60 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 113.52 410.60 Td (is ) Tj ET Q q 0 0 0 rg BT 121.93 410.60 Td (translated ) Tj ET Q q 0 0 0 rg BT 162.55 410.60 Td (at ) Tj ET Q q 0 0 0 rg BT 171.51 410.60 Td (the ) Tj ET Q q 0 0 0 rg BT 185.47 410.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 202.20 410.60 Td (of ) Tj ET Q q 0 0 0 rg BT 212.27 410.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 251.77 410.60 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 294.05 410.60 Td (at ) Tj ET Q q 0 0 0 rg BT 303.01 410.60 Td (the ) Tj ET Q q 0 0 0 rg BT 316.97 410.60 Td (end ) Tj ET Q q 0 0 0 rg BT 333.16 410.60 Td (of ) Tj ET Q q 0 0 0 rg BT 343.23 410.60 Td (the ) Tj ET Q q 0 0 0 rg BT 357.19 410.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 388.37 410.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 428.43 410.60 Td (in ) Tj ET Q q 0 0 0 rg BT 437.95 410.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 484.65 410.60 Td (with ) Tj ET Q q 0 0 0 rg BT 504.18 410.60 Td (the ) Tj ET Q q 0 0 0 rg BT 518.14 410.60 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 398.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 88.57 398.60 Td (for ) Tj ET Q q 0 0 0 rg BT 102.71 398.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 134.07 398.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 171.52 398.60 Td (translation. ) Tj ET Q q 0 0 0 rg BT 218.17 398.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 237.87 398.60 Td (translation ) Tj ET Q q 0 0 0 rg BT 282.56 398.60 Td (gain ) Tj ET Q q 0 0 0 rg BT 302.26 398.60 Td (or ) Tj ET Q q 0 0 0 rg BT 313.07 398.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 331.11 398.60 Td (is ) Tj ET Q q 0 0 0 rg BT 340.26 398.60 Td (included ) Tj ET Q q 0 0 0 rg BT 377.17 398.60 Td (in ) Tj ET Q q 0 0 0 rg BT 387.43 398.60 Td (the ) Tj ET Q q 0 0 0 rg BT 402.12 398.60 Td (foreign ) Tj ET Q q 0 0 0 rg BT 433.48 398.60 Td (currency ) Tj ET Q q 0 0 0 rg BT 470.94 398.60 Td (translation ) Tj ET Q q 0 0 0 rg BT 515.63 398.60 Td (adjustment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 386.60 Td (which ) Tj ET Q q 0 0 0 rg BT 76.94 386.60 Td (is ) Tj ET Q q 0 0 0 rg BT 86.11 386.60 Td (included ) Tj ET Q q 0 0 0 rg BT 123.04 386.60 Td (as ) Tj ET Q q 0 0 0 rg BT 133.87 386.60 Td (a ) Tj ET Q q 0 0 0 rg BT 140.81 386.60 Td (component ) Tj ET Q q 0 0 0 rg BT 187.74 386.60 Td (of ) Tj ET Q q 0 0 0 rg BT 198.57 386.60 Td (other ) Tj ET Q q 0 0 0 rg BT 221.62 386.60 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 284.65 386.60 Td (income ) Tj ET Q q 0 0 0 rg BT 316.59 386.60 Td (in ) Tj ET Q q 0 0 0 rg BT 326.87 386.60 Td (the ) Tj ET Q q 0 0 0 rg BT 341.58 386.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 394.62 386.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 439.34 386.60 Td (of ) Tj ET Q q 0 0 0 rg BT 450.17 386.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 484.87 386.60 Td (in ) Tj ET Q q 0 0 0 rg BT 495.15 386.60 Td (equity) Tj ET Q q 0 0 0 rg BT 519.50 386.60 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 360.60 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 105.60 360.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 130.88 360.60 Td (Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 343.60 Td (The ) Tj ET Q q 0 0 0 rg BT 92.94 343.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 135.22 343.60 Td (accounts ) Tj ET Q q 0 0 0 rg BT 173.59 343.60 Td (for ) Tj ET Q q 0 0 0 rg BT 188.64 343.60 Td (its ) Tj ET Q q 0 0 0 rg BT 201.48 343.60 Td (share-based ) Tj ET Q q 0 0 0 rg BT 252.07 343.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 311.00 343.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 352.72 343.60 Td (by ) Tj ET Q q 0 0 0 rg BT 366.11 343.60 Td (recording ) Tj ET Q q 0 0 0 rg BT 407.82 343.60 Td (the ) Tj ET Q q 0 0 0 rg BT 423.43 343.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 440.69 343.60 Td (value ) Tj ET Q q 0 0 0 rg BT 465.74 343.60 Td (of ) Tj ET Q q 0 0 0 rg BT 477.46 343.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 518.06 343.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 542.55 343.60 Td (units ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 331.60 Td (granted ) Tj ET Q q 0 0 0 rg BT 82.11 331.60 Td (to ) Tj ET Q q 0 0 0 rg BT 92.01 331.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 136.90 331.60 Td (as ) Tj ET Q q 0 0 0 rg BT 147.35 331.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 205.01 331.60 Td (expense. ) Tj ET Q q 0 0 0 rg BT 241.84 331.60 Td ( ) Tj ET Q q 0 0 0 rg BT 243.81 331.60 Td (The ) Tj ET Q q 0 0 0 rg BT 261.48 331.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 300.81 331.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 324.04 331.60 Td (units ) Tj ET Q q 0 0 0 rg BT 345.61 331.60 Td (are ) Tj ET Q q 0 0 0 rg BT 359.94 331.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 399.27 331.60 Td (amortized ) Tj ET Q q 0 0 0 rg BT 441.37 331.60 Td (over ) Tj ET Q q 0 0 0 rg BT 461.26 331.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.82 331.60 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.37 331.60 Td (-year ) Tj ET Q q 0 0 0 rg BT 506.03 331.60 Td (service ) Tj ET Q q 0 0 0 rg BT 536.47 331.60 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 319.60 Td (following ) Tj ET Q q 0 0 0 rg BT 91.77 319.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.87 319.60 Td (date ) Tj ET Q q 0 0 0 rg BT 126.40 319.60 Td (of ) Tj ET Q q 0 0 0 rg BT 137.61 319.60 Td (grant. ) Tj ET Q q 0 0 0 rg BT 163.54 319.60 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 224.19 319.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 259.28 319.60 Td (is ) Tj ET Q q 0 0 0 rg BT 268.83 319.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 316.69 319.60 Td (based ) Tj ET Q q 0 0 0 rg BT 342.34 319.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 365.22 319.60 Td (the ) Tj ET Q q 0 0 0 rg BT 380.32 319.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 397.08 319.60 Td (market ) Tj ET Q q 0 0 0 rg BT 427.72 319.60 Td (value ) Tj ET Q q 0 0 0 rg BT 452.26 319.60 Td (of ) Tj ET Q q 0 0 0 rg BT 463.47 319.60 Td (the ) Tj ET Q q 0 0 0 rg BT 478.57 319.60 Td (Company) Tj ET Q q 0 0 0 rg BT 520.23 319.60 Td (s ) Tj ET Q q 0 0 0 rg BT 527.01 319.60 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 307.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 73.57 307.60 Td (at ) Tj ET Q q 0 0 0 rg BT 83.25 307.60 Td (the ) Tj ET Q q 0 0 0 rg BT 97.92 307.60 Td (date ) Tj ET Q q 0 0 0 rg BT 117.04 307.60 Td (of ) Tj ET Q q 0 0 0 rg BT 127.83 307.60 Td (grant. ) Tj ET Q q 0 0 0 rg BT 152.79 307.60 Td (As ) Tj ET Q q 0 0 0 rg BT 166.36 307.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.04 307.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 222.39 307.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 260.95 307.60 Td (the ) Tj ET Q q 0 0 0 rg BT 275.62 307.60 Td (awards, ) Tj ET Q q 0 0 0 rg BT 308.90 307.60 Td (the ) Tj ET Q q 0 0 0 rg BT 323.58 307.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 363.24 307.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 386.81 307.60 Td (units ) Tj ET Q q 0 0 0 rg BT 408.72 307.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 455.04 307.60 Td (are ) Tj ET Q q 0 0 0 rg BT 469.71 307.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 507.14 307.60 Td (within ) Tj ET Q q 0 0 0 rg BT 535.16 307.60 Td (equity) Tj ET Q q 0 0 0 rg BT 559.51 307.60 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 295.60 Td (The ) Tj ET Q q 0 0 0 rg BT 68.19 295.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 108.03 295.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 131.77 295.60 Td (units ) Tj ET Q q 0 0 0 rg BT 153.86 295.60 Td (are ) Tj ET Q q 0 0 0 rg BT 168.70 295.60 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 216.87 295.60 Td (into ) Tj ET Q q 0 0 0 rg BT 235.07 295.60 Td (common ) Tj ET Q q 0 0 0 rg BT 272.70 295.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 296.45 295.60 Td (and ) Tj ET Q q 0 0 0 rg BT 313.53 295.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 356.15 295.60 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 387.12 295.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 416.41 295.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 439.04 295.60 Td (vesting. ) Tj ET Q q 0 0 0 rg BT 472.88 295.60 Td (The ) Tj ET Q q 0 0 0 rg BT 491.06 295.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 532.59 295.60 Td (records ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 283.60 Td (as ) Tj ET Q q 0 0 0 rg BT 61.27 283.60 Td (treasury ) Tj ET Q q 0 0 0 rg BT 96.42 283.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 120.47 283.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.63 283.60 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 181.87 283.60 Td (of ) Tj ET Q q 0 0 0 rg BT 193.14 283.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 217.19 283.60 Td (delivered ) Tj ET Q q 0 0 0 rg BT 257.34 283.60 Td (to ) Tj ET Q q 0 0 0 rg BT 268.06 283.60 Td (its ) Tj ET Q q 0 0 0 rg BT 280.44 283.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 326.15 283.60 Td (in ) Tj ET Q q 0 0 0 rg BT 336.87 283.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 380.91 283.60 Td (of ) Tj ET Q q 0 0 0 rg BT 392.18 283.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 407.34 283.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 447.49 283.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 483.75 283.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 506.69 283.60 Td (the ) Tj ET Q q 0 0 0 rg BT 521.85 283.60 Td (vesting ) Tj ET Q q 0 0 0 rg BT 553.68 283.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 90.39 271.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 114.68 271.60 Td (units. ) Tj ET Q q 0 0 0 rg BT 139.58 271.60 Td (The ) Tj ET Q q 0 0 0 rg BT 158.32 271.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 200.39 271.60 Td (records ) Tj ET Q q 0 0 0 rg BT 233.00 271.60 Td (dividend ) Tj ET Q q 0 0 0 rg BT 271.18 271.60 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 316.02 271.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 357.53 271.60 Td (on ) Tj ET Q q 0 0 0 rg BT 370.71 271.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 420.56 271.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 460.95 271.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 485.24 271.60 Td (units ) Tj ET Q q 0 0 0 rg BT 507.88 271.60 Td (as ) Tj ET Q q 0 0 0 rg BT 519.39 271.60 Td (a ) Tj ET Q q 0 0 0 rg BT 527.01 271.60 Td (dividend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 86.93 259.60 Td (and ) Tj ET Q q 0 0 0 rg BT 103.87 259.60 Td (a ) Tj ET Q q 0 0 0 rg BT 110.81 259.60 Td (char) Tj ET Q q 0 0 0 rg BT 127.84 259.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 139.78 259.60 Td (to ) Tj ET Q q 0 0 0 rg BT 150.05 259.60 Td (equity) Tj ET Q q 0 0 0 rg BT 174.40 259.60 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.50 233.60 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 104.35 233.60 Td (per ) Tj ET Q q 0 0 0 rg BT 120.18 233.60 Td (Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 216.60 Td (The ) Tj ET Q q 0 0 0 rg BT 90.28 216.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.40 216.60 Td (calculates ) Tj ET Q q 0 0 0 rg BT 173.05 216.60 Td (basic ) Tj ET Q q 0 0 0 rg BT 195.83 216.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 231.95 216.60 Td (per ) Tj ET Q q 0 0 0 rg BT 246.95 216.60 Td (share ) Tj ET Q q 0 0 0 rg BT 270.28 216.60 Td (\(EPS\) ) Tj ET Q q 0 0 0 rg BT 305.28 216.60 Td (by ) Tj ET Q q 0 0 0 rg BT 317.52 216.60 Td (dividing ) Tj ET Q q 0 0 0 rg BT 353.09 216.60 Td (net ) Tj ET Q q 0 0 0 rg BT 367.54 216.60 Td (income ) Tj ET Q q 0 0 0 rg BT 399.20 216.60 Td (allocated ) Tj ET Q q 0 0 0 rg BT 437.53 216.60 Td (to ) Tj ET Q q 0 0 0 rg BT 447.54 216.60 Td (common ) Tj ET Q q 0 0 0 rg BT 484.77 216.60 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 537.55 216.60 Td (by ) Tj ET Q q 0 0 0 rg BT 549.78 216.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 204.60 Td (sum ) Tj ET Q q 0 0 0 rg BT 68.39 204.60 Td (of ) Tj ET Q q 0 0 0 rg BT 78.44 204.60 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 89.59 204.60 Td (the ) Tj ET Q q 0 0 0 rg BT 103.53 204.60 Td (weighted ) Tj ET Q q 0 0 0 rg BT 141.90 204.60 Td (average ) Tj ET Q q 0 0 0 rg BT 174.71 204.60 Td (number ) Tj ET Q q 0 0 0 rg BT 206.97 204.60 Td (of ) Tj ET Q q 0 0 0 rg BT 217.02 204.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 243.73 204.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 292.11 204.60 Td (for ) Tj ET Q q 0 0 0 rg BT 305.49 204.60 Td (the ) Tj ET Q q 0 0 0 rg BT 319.43 204.60 Td (period ) Tj ET Q q 0 0 0 rg BT 346.69 204.60 Td (and ) Tj ET Q q 0 0 0 rg BT 362.85 204.60 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 376.79 204.60 Td (the ) Tj ET Q q 0 0 0 rg BT 390.72 204.60 Td (weighted ) Tj ET Q q 0 0 0 rg BT 429.10 204.60 Td (average ) Tj ET Q q 0 0 0 rg BT 461.90 204.60 Td (number ) Tj ET Q q 0 0 0 rg BT 494.17 204.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.21 204.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 530.92 204.60 Td (deemed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 192.60 Td (issuable ) Tj ET Q q 0 0 0 rg BT 84.72 192.60 Td (due ) Tj ET Q q 0 0 0 rg BT 101.66 192.60 Td (to ) Tj ET Q q 0 0 0 rg BT 111.93 192.60 Td (the ) Tj ET Q q 0 0 0 rg BT 126.65 192.60 Td (vesting ) Tj ET Q q 0 0 0 rg BT 158.04 192.60 Td (of ) Tj ET Q q 0 0 0 rg BT 168.87 192.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 208.57 192.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 232.18 192.60 Td (units ) Tj ET Q q 0 0 0 rg BT 254.13 192.60 Td (for ) Tj ET Q q 0 0 0 rg BT 268.29 192.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 314.66 192.60 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 355.21 192.60 Td ( ) Tj ET Q q 0 0 0 rg BT 357.71 192.60 Td (See ) Tj ET Q q 0 0 0 rg BT 374.65 192.60 Td (") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.73 192.60 Td (Note1) Tj ET Q q 0 0 0 rg BT 405.30 192.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 425.30 192.60 Td (Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.96 192.60 Td (".) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 175.60 Td (The ) Tj ET Q q 0 0 0 rg BT 92.74 175.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.83 175.60 Td (calculates ) Tj ET Q q 0 0 0 rg BT 177.44 175.60 Td (diluted ) Tj ET Q q 0 0 0 rg BT 208.42 175.60 Td (EPS ) Tj ET Q q 0 0 0 rg BT 228.84 175.60 Td (by ) Tj ET Q q 0 0 0 rg BT 242.04 175.60 Td (dividing ) Tj ET Q q 0 0 0 rg BT 278.57 175.60 Td (net ) Tj ET Q q 0 0 0 rg BT 293.99 175.60 Td (income ) Tj ET Q q 0 0 0 rg BT 326.62 175.60 Td (allocated ) Tj ET Q q 0 0 0 rg BT 365.90 175.60 Td (to ) Tj ET Q q 0 0 0 rg BT 376.88 175.60 Td (common ) Tj ET Q q 0 0 0 rg BT 415.07 175.60 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 468.82 175.60 Td (by ) Tj ET Q q 0 0 0 rg BT 482.01 175.60 Td (the ) Tj ET Q q 0 0 0 rg BT 497.43 175.60 Td (sum ) Tj ET Q q 0 0 0 rg BT 517.29 175.60 Td (of ) Tj ET Q q 0 0 0 rg BT 528.82 175.60 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 541.46 175.60 Td (basic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 163.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 77.86 163.60 Td (per ) Tj ET Q q 0 0 0 rg BT 93.49 163.60 Td (above ) Tj ET Q q 0 0 0 rg BT 120.24 163.60 Td (and ) Tj ET Q q 0 0 0 rg BT 137.54 163.60 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 152.63 163.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.71 163.60 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 201.13 163.60 Td (ef) Tj ET Q q 0 0 0 rg BT 208.72 163.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 226.57 163.60 Td (of ) Tj ET Q q 0 0 0 rg BT 237.77 163.60 Td (the ) Tj ET Q q 0 0 0 rg BT 252.86 163.60 Td (common ) Tj ET Q q 0 0 0 rg BT 290.72 163.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 314.70 163.60 Td (deliverable ) Tj ET Q q 0 0 0 rg BT 361.98 163.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 399.29 163.60 Td (to ) Tj ET Q q 0 0 0 rg BT 409.93 163.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 450.00 163.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 473.98 163.60 Td (units ) Tj ET Q q 0 0 0 rg BT 496.30 163.60 Td (for ) Tj ET Q q 0 0 0 rg BT 510.82 163.60 Td (which ) Tj ET Q q 0 0 0 rg BT 538.13 163.60 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 151.60 Td (service ) Tj ET Q q 0 0 0 rg BT 80.91 151.60 Td (is ) Tj ET Q q 0 0 0 rg BT 90.18 151.60 Td (required. ) Tj ET Q q 0 0 0 rg BT 128.60 151.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 156.19 151.60 Td (the ) Tj ET Q q 0 0 0 rg BT 171.00 151.60 Td (treasury ) Tj ET Q q 0 0 0 rg BT 205.81 151.60 Td (method, ) Tj ET Q q 0 0 0 rg BT 240.90 151.60 Td (the ) Tj ET Q q 0 0 0 rg BT 255.72 151.60 Td (number ) Tj ET Q q 0 0 0 rg BT 288.87 151.60 Td (of ) Tj ET Q q 0 0 0 rg BT 299.79 151.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 327.38 151.60 Td (issuable ) Tj ET Q q 0 0 0 rg BT 362.20 151.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 384.80 151.60 Td (the ) Tj ET Q q 0 0 0 rg BT 399.62 151.60 Td (vesting ) Tj ET Q q 0 0 0 rg BT 431.10 151.60 Td (of ) Tj ET Q q 0 0 0 rg BT 442.03 151.60 Td (restricted ) Tj ET Q q 0 0 0 rg BT 481.83 151.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 505.54 151.60 Td (units ) Tj ET Q q 0 0 0 rg BT 527.59 151.60 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 139.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.95 139.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.33 139.60 Td (calculation ) Tj ET Q q 0 0 0 rg BT 120.37 139.60 Td (of ) Tj ET Q q 0 0 0 rg BT 130.86 139.60 Td (diluted ) Tj ET Q q 0 0 0 rg BT 160.81 139.60 Td (EPS ) Tj ET Q q 0 0 0 rg BT 180.21 139.60 Td (is ) Tj ET Q q 0 0 0 rg BT 189.04 139.60 Td (the ) Tj ET Q q 0 0 0 rg BT 203.43 139.60 Td (excess, ) Tj ET Q q 0 0 0 rg BT 234.19 139.60 Td (if ) Tj ET Q q 0 0 0 rg BT 242.47 139.60 Td (any) Tj ET Q q 0 0 0 rg BT 256.26 139.60 Td (, ) Tj ET Q q 0 0 0 rg BT 260.93 139.60 Td (of ) Tj ET Q q 0 0 0 rg BT 271.43 139.60 Td (the ) Tj ET Q q 0 0 0 rg BT 285.81 139.60 Td (number ) Tj ET Q q 0 0 0 rg BT 318.53 139.60 Td (of ) Tj ET Q q 0 0 0 rg BT 329.02 139.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 356.18 139.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 393.88 139.60 Td (to ) Tj ET Q q 0 0 0 rg BT 403.83 139.60 Td (be ) Tj ET Q q 0 0 0 rg BT 415.43 139.60 Td (issued, ) Tj ET Q q 0 0 0 rg BT 445.10 139.60 Td (less ) Tj ET Q q 0 0 0 rg BT 462.27 139.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.66 139.60 Td (number ) Tj ET Q q 0 0 0 rg BT 509.37 139.60 Td (of ) Tj ET Q q 0 0 0 rg BT 519.87 139.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 547.03 139.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 127.60 Td (could ) Tj ET Q q 0 0 0 rg BT 74.60 127.60 Td (be ) Tj ET Q q 0 0 0 rg BT 86.43 127.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 129.35 127.60 Td (by ) Tj ET Q q 0 0 0 rg BT 141.74 127.60 Td (the ) Tj ET Q q 0 0 0 rg BT 156.34 127.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 197.62 127.60 Td (with ) Tj ET Q q 0 0 0 rg BT 217.78 127.60 Td (the ) Tj ET Q q 0 0 0 rg BT 232.38 127.60 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 270.31 127.60 Td (to ) Tj ET Q q 0 0 0 rg BT 280.47 127.60 Td (be ) Tj ET Q q 0 0 0 rg BT 292.30 127.60 Td (received ) Tj ET Q q 0 0 0 rg BT 328.55 127.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 350.93 127.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 394.42 127.60 Td (at ) Tj ET Q q 0 0 0 rg BT 404.02 127.60 Td (the ) Tj ET Q q 0 0 0 rg BT 418.63 127.60 Td (average ) Tj ET Q q 0 0 0 rg BT 452.10 127.60 Td (market ) Tj ET Q q 0 0 0 rg BT 482.25 127.60 Td (closing ) Tj ET Q q 0 0 0 rg BT 513.52 127.60 Td (price ) Tj ET Q q 0 0 0 rg BT 535.89 127.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 115.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 115.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 103.87 115.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 134.42 115.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.50 89.60 Td (Provision ) Tj ET Q q 0 0 0 rg BT 105.45 89.60 Td (for ) Tj ET Q q 0 0 0 rg BT 120.17 89.60 Td (T) Tj ET Q q 0 0 0 rg BT 125.36 89.60 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 72.60 Td (The ) Tj ET Q q 0 0 0 rg BT 91.03 72.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.39 72.60 Td (accounts ) Tj ET Q q 0 0 0 rg BT 167.85 72.60 Td (for ) Tj ET Q q 0 0 0 rg BT 180.99 72.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 203.02 72.60 Td (in ) Tj ET Q q 0 0 0 rg BT 212.28 72.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 258.71 72.60 Td (with ) Tj ET Q q 0 0 0 rg BT 277.97 72.60 Td (the ) Tj ET Q q 0 0 0 rg BT 291.67 72.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 337.02 72.60 Td (guidance ) Tj ET Q q 0 0 0 rg BT 374.59 72.60 Td (for ) Tj ET Q q 0 0 0 rg BT 387.73 72.60 Td (income ) Tj ET Q q 0 0 0 rg BT 418.64 72.60 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 443.17 72.60 Td (which ) Tj ET Q q 0 0 0 rg BT 469.08 72.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 502.77 72.60 Td (the ) Tj ET Q q 0 0 0 rg BT 516.46 72.60 Td (recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 60.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.69 60.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 75.26 60.60 Td (benefits ) Tj ET Q q 0 0 0 rg BT 109.27 60.60 Td (or ) Tj ET Q q 0 0 0 rg BT 119.95 60.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 158.41 60.60 Td (on ) Tj ET Q q 0 0 0 rg BT 170.76 60.60 Td (the ) Tj ET Q q 0 0 0 rg BT 185.33 60.60 Td (temporary ) Tj ET Q q 0 0 0 rg BT 228.78 60.60 Td (dif) Tj ET Q q 0 0 0 rg BT 239.71 60.60 Td (ferences ) Tj ET Q q 0 0 0 rg BT 275.37 60.60 Td (between ) Tj ET Q q 0 0 0 rg BT 311.04 60.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.61 60.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 362.95 60.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 401.96 60.60 Td (and ) Tj ET Q q 0 0 0 rg BT 418.75 60.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 433.32 60.60 Td (bases ) Tj ET Q q 0 0 0 rg BT 457.34 60.60 Td (of ) Tj ET Q q 0 0 0 rg BT 468.02 60.60 Td (its ) Tj ET Q q 0 0 0 rg BT 479.83 60.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 505.51 60.60 Td (and ) Tj ET Q q 0 0 0 rg BT 522.30 60.60 Td (liabilities.) Tj ET Q endstream endobj 159 0 obj <> endobj 160 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.24 742.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.82 742.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 166.52 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.43 742.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 220.22 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 234.58 742.10 Td (income ) Tj ET Q q 0 0 0 rg BT 266.71 742.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 289.95 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 300.42 742.10 Td (recognizing, ) Tj ET Q q 0 0 0 rg BT 352.82 742.10 Td (measuring, ) Tj ET Q q 0 0 0 rg BT 399.67 742.10 Td (presenting ) Tj ET Q q 0 0 0 rg BT 444.02 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.15 742.10 Td (disclosing ) Tj ET Q q 0 0 0 rg BT 504.41 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 514.88 742.10 Td (its ) Tj ET Q q 0 0 0 rg BT 527.02 742.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 95.00 730.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 134.99 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 150.00 730.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 188.90 730.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 213.34 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 224.46 730.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 262.78 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 273.35 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 285.58 730.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 310.02 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 322.81 730.10 Td (its ) Tj ET Q q 0 0 0 rg BT 335.04 730.10 Td (income ) Tj ET Q q 0 0 0 rg BT 367.27 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 382.27 730.10 Td (returns. ) Tj ET Q q 0 0 0 rg BT 415.33 730.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 448.10 730.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 463.11 730.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 498.10 730.10 Td (is ) Tj ET Q q 0 0 0 rg BT 507.56 730.10 Td (based ) Tj ET Q q 0 0 0 rg BT 533.12 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 545.90 730.10 Td (pre-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 65.07 718.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 111.80 718.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 146.59 718.10 Td (including ) Tj ET Q q 0 0 0 rg BT 187.22 718.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 237.85 718.10 Td (made ) Tj ET Q q 0 0 0 rg BT 262.36 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 276.87 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.95 718.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 340.34 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 351.53 718.10 Td (derecognition ) Tj ET Q q 0 0 0 rg BT 409.36 718.10 Td (related ) Tj ET Q q 0 0 0 rg BT 439.42 718.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.06 718.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 490.11 718.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 505.19 718.10 Td (positions. ) Tj ET Q q 0 0 0 rg BT 546.45 718.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 98.04 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 108.87 706.10 Td (derecognition ) Tj ET Q q 0 0 0 rg BT 166.35 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.18 706.10 Td (income ) Tj ET Q q 0 0 0 rg BT 209.12 706.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 223.83 706.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 258.54 706.10 Td (related ) Tj ET Q q 0 0 0 rg BT 288.24 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.52 706.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 338.22 706.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 352.94 706.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 391.56 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 400.73 706.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 448.21 706.10 Td (under ) Tj ET Q q 0 0 0 rg BT 473.48 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 488.19 706.10 Td (guidance.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 685.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 111.46 685.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 125.61 685.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 150.87 685.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.24 685.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 206.39 685.10 Td (are ) Tj ET Q q 0 0 0 rg BT 220.53 685.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 266.33 685.10 Td (for ) Tj ET Q q 0 0 0 rg BT 279.92 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.07 685.10 Td (future ) Tj ET Q q 0 0 0 rg BT 319.88 685.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 334.03 685.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 381.50 685.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.21 685.10 Td (dif) Tj ET Q q 0 0 0 rg BT 402.14 685.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 437.38 685.10 Td (between ) Tj ET Q q 0 0 0 rg BT 472.62 685.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.77 685.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 523.69 685.10 Td (statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 673.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.92 673.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 122.41 673.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.35 673.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 167.62 673.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 193.55 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 210.60 673.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 250.42 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.46 673.10 Td (their ) Tj ET Q q 0 0 0 rg BT 288.39 673.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 331.53 673.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 346.35 673.10 Td (bases. ) Tj ET Q q 0 0 0 rg BT 373.12 673.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 411.25 673.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 426.07 673.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 452.00 673.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.05 673.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 508.87 673.10 Td (are ) Tj ET Q q 0 0 0 rg BT 523.68 673.10 Td (measured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 661.10 Td (using ) Tj ET Q q 0 0 0 rg BT 73.90 661.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 106.65 661.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 121.10 661.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 142.20 661.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 179.96 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.96 661.10 Td (be ) Tj ET Q q 0 0 0 rg BT 201.62 661.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 243.26 661.10 Td (or ) Tj ET Q q 0 0 0 rg BT 253.82 661.10 Td (settled. ) Tj ET Q q 0 0 0 rg BT 284.49 661.10 Td (The ) Tj ET Q q 0 0 0 rg BT 302.26 661.10 Td (ef) Tj ET Q q 0 0 0 rg BT 309.85 661.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 327.06 661.10 Td (on ) Tj ET Q q 0 0 0 rg BT 339.28 661.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 374.82 661.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 389.26 661.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 414.81 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.48 661.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 470.92 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.48 661.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.14 661.10 Td (change ) Tj ET Q q 0 0 0 rg BT 518.68 661.10 Td (in ) Tj ET Q q 0 0 0 rg BT 528.68 661.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 543.13 661.10 Td (rates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.15 649.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 105.49 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 115.75 649.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 152.11 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.37 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.07 649.10 Td (period ) Tj ET Q q 0 0 0 rg BT 205.09 649.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.90 649.10 Td (change. ) Tj ET Q q 0 0 0 rg BT 249.20 649.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 303.88 649.10 Td (applies ) Tj ET Q q 0 0 0 rg BT 334.69 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.38 649.10 Td (more-likely-than-not ) Tj ET Q q 0 0 0 rg BT 439.61 649.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 474.84 649.10 Td (when ) Tj ET Q q 0 0 0 rg BT 498.98 649.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 549.78 649.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (benefits.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 611.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 97.84 611.10 Td (Currency ) Tj ET Q q 0 0 0 rg BT 139.23 611.10 Td (T) Tj ET Q q 0 0 0 rg BT 144.97 611.10 Td (ranslation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 594.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 102.85 594.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.03 594.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 159.99 594.10 Td (denominated ) Tj ET Q q 0 0 0 rg BT 214.38 594.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.89 594.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 256.51 594.10 Td (currencies ) Tj ET Q q 0 0 0 rg BT 300.33 594.10 Td (have ) Tj ET Q q 0 0 0 rg BT 321.95 594.10 Td (been ) Tj ET Q q 0 0 0 rg BT 343.57 594.10 Td (translated ) Tj ET Q q 0 0 0 rg BT 385.18 594.10 Td (at ) Tj ET Q q 0 0 0 rg BT 395.13 594.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 416.75 594.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.82 594.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 468.31 594.10 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 511.59 594.10 Td (at ) Tj ET Q q 0 0 0 rg BT 521.55 594.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.50 594.10 Td (end ) Tj ET Q q 0 0 0 rg BT 553.68 594.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.97 582.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 95.16 582.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 135.23 582.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.76 582.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 191.47 582.10 Td (with ) Tj ET Q q 0 0 0 rg BT 211.01 582.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.98 582.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 270.60 582.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 308.45 582.10 Td (for ) Tj ET Q q 0 0 0 rg BT 321.86 582.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 352.49 582.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 389.22 582.10 Td (translation. ) Tj ET Q q 0 0 0 rg BT 435.68 582.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 467.42 582.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.61 582.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 521.46 582.10 Td (transacted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 570.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.69 570.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 92.49 570.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 130.38 570.10 Td (have ) Tj ET Q q 0 0 0 rg BT 152.17 570.10 Td (been ) Tj ET Q q 0 0 0 rg BT 173.97 570.10 Td (translated ) Tj ET Q q 0 0 0 rg BT 215.76 570.10 Td (at ) Tj ET Q q 0 0 0 rg BT 225.89 570.10 Td (average ) Tj ET Q q 0 0 0 rg BT 259.89 570.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 296.14 570.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 336.81 570.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 358.60 570.10 Td (during ) Tj ET Q q 0 0 0 rg BT 387.63 570.10 Td (the ) Tj ET Q q 0 0 0 rg BT 402.76 570.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 433.52 570.10 Td (T) Tj ET Q q 0 0 0 rg BT 439.27 570.10 Td (ranslation ) Tj ET Q q 0 0 0 rg BT 481.62 570.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 505.65 570.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.00 570.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 549.81 570.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 558.10 Td (included ) Tj ET Q q 0 0 0 rg BT 86.86 558.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.07 558.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.72 558.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 143.03 558.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 180.43 558.10 Td (translation ) Tj ET Q q 0 0 0 rg BT 225.08 558.10 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 273.89 558.10 Td (which ) Tj ET Q q 0 0 0 rg BT 300.76 558.10 Td (is ) Tj ET Q q 0 0 0 rg BT 309.86 558.10 Td (included ) Tj ET Q q 0 0 0 rg BT 346.72 558.10 Td (as ) Tj ET Q q 0 0 0 rg BT 357.48 558.10 Td (a ) Tj ET Q q 0 0 0 rg BT 364.35 558.10 Td (component ) Tj ET Q q 0 0 0 rg BT 411.22 558.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.98 558.10 Td (other ) Tj ET Q q 0 0 0 rg BT 444.96 558.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 507.92 558.10 Td (income ) Tj ET Q q 0 0 0 rg BT 539.78 558.10 Td (\(loss\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 546.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.08 546.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.60 546.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 127.44 546.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 168.06 546.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.69 546.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 213.20 546.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.28 546.10 Td (equity) Tj ET Q q 0 0 0 rg BT 247.63 546.10 Td (. ) Tj ET Q q 0 0 0 rg BT 252.43 546.10 Td (Foreign ) Tj ET Q q 0 0 0 rg BT 285.84 546.10 Td (currency ) Tj ET Q q 0 0 0 rg BT 323.12 546.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 369.29 546.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 392.70 546.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.44 546.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 435.63 546.10 Td (are ) Tj ET Q q 0 0 0 rg BT 450.14 546.10 Td (included ) Tj ET Q q 0 0 0 rg BT 486.87 546.10 Td (in ) Tj ET Q q 0 0 0 rg BT 496.95 546.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.47 546.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 534.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.71 534.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.54 534.10 Td (income.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 508.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 105.07 508.10 Td (Instruments ) Tj ET Q q 0 0 0 rg BT 157.59 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.65 508.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 196.49 508.10 Td (V) Tj ET Q q 0 0 0 rg BT 202.05 508.10 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 491.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.56 491.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.46 491.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 172.46 491.10 Td (for ) Tj ET Q q 0 0 0 rg BT 187.13 491.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 225.12 491.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 274.80 491.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 316.13 491.10 Td (at ) Tj ET Q q 0 0 0 rg BT 326.36 491.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 343.25 491.10 Td (value ) Tj ET Q q 0 0 0 rg BT 367.92 491.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.71 491.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 426.68 491.10 Td (with ) Tj ET Q q 0 0 0 rg BT 447.47 491.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 494.36 491.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 533.46 491.10 Td (for ) Tj ET Q q 0 0 0 rg BT 548.14 491.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (value ) Tj ET Q q 0 0 0 rg BT 74.71 479.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 134.96 479.10 Td (and ) Tj ET Q q 0 0 0 rg BT 152.45 479.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 199.94 479.10 Td (which ) Tj ET Q q 0 0 0 rg BT 227.43 479.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 273.81 479.10 Td (a ) Tj ET Q q 0 0 0 rg BT 281.30 479.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 298.23 479.10 Td (value ) Tj ET Q q 0 0 0 rg BT 322.93 479.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 363.74 479.10 Td (that ) Tj ET Q q 0 0 0 rg BT 381.79 479.10 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 425.38 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.65 479.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 468.15 479.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.98 479.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 519.24 479.10 Td (techniques ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td (used ) Tj ET Q q 0 0 0 rg BT 71.36 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 82.18 467.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 118.53 467.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 135.44 467.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 162.41 467.10 Td (The ) Tj ET Q q 0 0 0 rg BT 180.99 467.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 221.78 467.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 245.92 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.17 467.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 293.10 467.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 326.13 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.94 467.10 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 383.30 467.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 413.55 467.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 440.46 467.10 Td (in ) Tj ET Q q 0 0 0 rg BT 451.27 467.10 Td (active ) Tj ET Q q 0 0 0 rg BT 478.18 467.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 512.87 467.10 Td (for ) Tj ET Q q 0 0 0 rg BT 527.57 467.10 Td (identical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 76.58 455.10 Td (or ) Tj ET Q q 0 0 0 rg BT 88.16 455.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 128.63 455.10 Td (\(Level1 ) Tj ET Q q 0 0 0 rg BT 165.48 455.10 Td (measurements\) ) Tj ET Q q 0 0 0 rg BT 229.26 455.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.95 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.42 455.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 291.78 455.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 325.03 455.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.06 455.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 392.63 455.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 420.33 455.10 Td (\(Level3 ) Tj ET Q q 0 0 0 rg BT 457.17 455.10 Td (measurements\). ) Tj ET Q q 0 0 0 rg BT 523.22 455.10 Td (The ) Tj ET Q q 0 0 0 rg BT 542.02 455.10 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 75.83 443.10 Td (of ) Tj ET Q q 0 0 0 rg BT 86.66 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.37 443.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 117.75 443.10 Td (value ) Tj ET Q q 0 0 0 rg BT 141.90 443.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 182.16 443.10 Td (under ) Tj ET Q q 0 0 0 rg BT 207.43 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.14 443.10 Td (pronouncement ) Tj ET Q q 0 0 0 rg BT 286.85 443.10 Td (are ) Tj ET Q q 0 0 0 rg BT 301.55 443.10 Td (described ) Tj ET Q q 0 0 0 rg BT 342.37 443.10 Td (below:) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 417.10 Td (Basis ) Tj ET Q q 0 0 0 rg BT 74.17 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.45 417.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 104.73 417.10 Td (V) Tj ET Q q 0 0 0 rg BT 109.73 417.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 129.44 417.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 159.62 417.10 Td (ement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 400.10 Td (Level1 ) Tj ET Q q 0 0 0 rg BT 114.10 400.10 Td (Unadjusted ) Tj ET Q q 0 0 0 rg BT 161.98 400.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 191.53 400.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 217.75 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.86 400.10 Td (active ) Tj ET Q q 0 0 0 rg BT 254.07 400.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 288.06 400.10 Td (that ) Tj ET Q q 0 0 0 rg BT 305.39 400.10 Td (are ) Tj ET Q q 0 0 0 rg BT 319.93 400.10 Td (accessible ) Tj ET Q q 0 0 0 rg BT 362.80 400.10 Td (at ) Tj ET Q q 0 0 0 rg BT 372.35 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.90 400.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 442.55 400.10 Td (date ) Tj ET Q q 0 0 0 rg BT 461.54 400.10 Td (for ) Tj ET Q q 0 0 0 rg BT 475.54 400.10 Td (identical, ) Tj ET Q q 0 0 0 rg BT 514.80 400.10 Td (unrestricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 388.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.83 388.10 Td (or ) Tj ET Q q 0 0 0 rg BT 86.66 388.10 Td (liabilities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 367.10 Td (Level2 ) Tj ET Q q 0 0 0 rg BT 113.59 367.10 Td (Quoted ) Tj ET Q q 0 0 0 rg BT 144.86 367.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 170.56 367.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.17 367.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 213.65 367.10 Td (that ) Tj ET Q q 0 0 0 rg BT 230.47 367.10 Td (are ) Tj ET Q q 0 0 0 rg BT 244.51 367.10 Td (not ) Tj ET Q q 0 0 0 rg BT 259.11 367.10 Td (active ) Tj ET Q q 0 0 0 rg BT 284.81 367.10 Td (or ) Tj ET Q q 0 0 0 rg BT 294.97 367.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 331.78 367.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 380.27 367.10 Td (for ) Tj ET Q q 0 0 0 rg BT 393.76 367.10 Td (which ) Tj ET Q q 0 0 0 rg BT 420.03 367.10 Td (all ) Tj ET Q q 0 0 0 rg BT 431.85 367.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 475.89 367.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 502.16 367.10 Td (are ) Tj ET Q q 0 0 0 rg BT 516.20 367.10 Td (observable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 355.10 Td (either ) Tj ET Q q 0 0 0 rg BT 75.26 355.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 108.31 355.10 Td (or ) Tj ET Q q 0 0 0 rg BT 119.14 355.10 Td (indirectly;and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 334.10 Td (Level3 ) Tj ET Q q 0 0 0 rg BT 114.25 334.10 Td (Prices ) Tj ET Q q 0 0 0 rg BT 141.18 334.10 Td (or ) Tj ET Q q 0 0 0 rg BT 152.00 334.10 Td (valuations ) Tj ET Q q 0 0 0 rg BT 195.60 334.10 Td (that ) Tj ET Q q 0 0 0 rg BT 213.08 334.10 Td (require ) Tj ET Q q 0 0 0 rg BT 243.89 334.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 270.83 334.10 Td (that ) Tj ET Q q 0 0 0 rg BT 288.31 334.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.01 334.10 Td (both ) Tj ET Q q 0 0 0 rg BT 323.28 334.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 367.98 334.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.25 334.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.96 334.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 409.32 334.10 Td (value ) Tj ET Q q 0 0 0 rg BT 433.47 334.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 489.27 334.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.20 334.10 Td (unobservable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 313.10 Td (A) Tj ET Q q 0 0 0 rg BT 80.67 313.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.25 313.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 120.82 313.10 Td (instrument) Tj ET Q q 0 0 0 rg BT 166.37 313.10 Td (s ) Tj ET Q q 0 0 0 rg BT 172.84 313.10 Td (level ) Tj ET Q q 0 0 0 rg BT 194.86 313.10 Td (within ) Tj ET Q q 0 0 0 rg BT 223.00 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.80 313.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 254.26 313.10 Td (value ) Tj ET Q q 0 0 0 rg BT 278.50 313.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 318.83 313.10 Td (is ) Tj ET Q q 0 0 0 rg BT 328.09 313.10 Td (based ) Tj ET Q q 0 0 0 rg BT 353.44 313.10 Td (on ) Tj ET Q q 0 0 0 rg BT 366.02 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 380.82 313.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 409.51 313.10 Td (level ) Tj ET Q q 0 0 0 rg BT 431.53 313.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.44 313.10 Td (any ) Tj ET Q q 0 0 0 rg BT 459.46 313.10 Td (input ) Tj ET Q q 0 0 0 rg BT 482.60 313.10 Td (that ) Tj ET Q q 0 0 0 rg BT 500.18 313.10 Td (is ) Tj ET Q q 0 0 0 rg BT 509.43 313.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 554.23 313.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.65 301.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 80.96 301.10 Td (value ) Tj ET Q q 0 0 0 rg BT 105.06 301.10 Td (measurement. ) Tj ET Q q 0 0 0 rg BT 163.30 301.10 Td (In ) Tj ET Q q 0 0 0 rg BT 174.07 301.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 224.82 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.48 301.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 287.44 301.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 315.70 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.36 301.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 371.68 301.10 Td (performs ) Tj ET Q q 0 0 0 rg BT 410.21 301.10 Td (an ) Tj ET Q q 0 0 0 rg BT 422.09 301.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 456.74 301.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.50 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.16 301.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 507.92 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.80 301.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.10 Td (that ) Tj ET Q q 0 0 0 rg BT 68.00 289.10 Td (are ) Tj ET Q q 0 0 0 rg BT 83.21 289.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 114.54 289.10 Td (to ) Tj ET Q q 0 0 0 rg BT 125.32 289.10 Td (these ) Tj ET Q q 0 0 0 rg BT 148.87 289.10 Td (disclosures. ) Tj ET Q q 0 0 0 rg BT 198.15 289.10 Td (At ) Tj ET Q q 0 0 0 rg BT 211.15 289.10 Td (each ) Tj ET Q q 0 0 0 rg BT 232.47 289.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 272.13 289.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 303.18 289.10 Td (all ) Tj ET Q q 0 0 0 rg BT 316.17 289.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 342.51 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.95 289.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 400.17 289.10 Td (for ) Tj ET Q q 0 0 0 rg BT 414.83 289.10 Td (which ) Tj ET Q q 0 0 0 rg BT 442.27 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.49 289.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 474.37 289.10 Td (value ) Tj ET Q q 0 0 0 rg BT 499.03 289.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 555.34 289.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 277.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.76 277.10 Td (on ) Tj ET Q q 0 0 0 rg BT 86.75 277.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 130.95 277.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 186.26 277.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 212.70 277.10 Td (or ) Tj ET Q q 0 0 0 rg BT 223.02 277.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 271.68 277.10 Td (which ) Tj ET Q q 0 0 0 rg BT 298.11 277.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 320.08 277.10 Td (infrequently ) Tj ET Q q 0 0 0 rg BT 370.95 277.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.38 277.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 425.45 277.10 Td (have ) Tj ET Q q 0 0 0 rg BT 446.32 277.10 Td (little ) Tj ET Q q 0 0 0 rg BT 466.64 277.10 Td (or ) Tj ET Q q 0 0 0 rg BT 476.96 277.10 Td (no ) Tj ET Q q 0 0 0 rg BT 488.95 277.10 Td (price ) Tj ET Q q 0 0 0 rg BT 510.93 277.10 Td (transparency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 265.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.78 265.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 105.12 265.10 Td (as ) Tj ET Q q 0 0 0 rg BT 116.02 265.10 Td (Level3. ) Tj ET Q q 0 0 0 rg BT 151.17 265.10 Td (T) Tj ET Q q 0 0 0 rg BT 156.92 265.10 Td (ransfers ) Tj ET Q q 0 0 0 rg BT 191.15 265.10 Td (between ) Tj ET Q q 0 0 0 rg BT 227.03 265.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 252.93 265.10 Td (are ) Tj ET Q q 0 0 0 rg BT 267.71 265.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 314.15 265.10 Td (as ) Tj ET Q q 0 0 0 rg BT 325.05 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.95 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.74 265.10 Td (end ) Tj ET Q q 0 0 0 rg BT 367.75 265.10 Td (of ) Tj ET Q q 0 0 0 rg BT 378.65 265.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.44 265.10 Td (period ) Tj ET Q q 0 0 0 rg BT 421.56 265.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.91 265.10 Td (which ) Tj ET Q q 0 0 0 rg BT 458.92 265.10 Td (they ) Tj ET Q q 0 0 0 rg BT 478.71 265.10 Td (occur) Tj ET Q q 0 0 0 rg BT 500.37 265.10 Td (. ) Tj ET Q q 0 0 0 rg BT 505.44 265.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.01 265.10 Td (See ) Tj ET Q q 0 0 0 rg BT 525.02 265.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 551.11 265.10 Td (6 ) Tj ET Q q 0 0 0 rg BT 558.69 265.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 68.43 253.10 Td (V) Tj ET Q q 0 0 0 rg BT 74.54 253.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 93.70 253.10 Td (of ) Tj ET Q q 0 0 0 rg BT 104.53 253.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 144.24 253.10 Td (Instruments".) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 50.00 227.60 Td (Fair ) Tj ET Q q 0 0 0 rg BT 70.28 227.60 Td (V) Tj ET Q q 0 0 0 rg BT 75.28 227.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 95.00 227.60 Td (of ) Tj ET Q q 0 0 0 rg BT 105.27 227.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 131.10 227.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 172.49 227.60 Td (Instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 203.60 Td (The ) Tj ET Q q 0 0 0 rg BT 90.56 203.60 Td (investments ) Tj ET Q q 0 0 0 rg BT 140.84 203.60 Td (in ) Tj ET Q q 0 0 0 rg BT 151.14 203.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 195.86 203.60 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 238.93 203.60 Td (merchant ) Tj ET Q q 0 0 0 rg BT 278.64 203.60 Td (banking ) Tj ET Q q 0 0 0 rg BT 313.37 203.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 338.11 203.60 Td (are ) Tj ET Q q 0 0 0 rg BT 352.82 203.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 390.31 203.60 Td (under ) Tj ET Q q 0 0 0 rg BT 415.59 203.60 Td (the ) Tj ET Q q 0 0 0 rg BT 430.32 203.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 457.83 203.60 Td (method ) Tj ET Q q 0 0 0 rg BT 490.34 203.60 Td (of ) Tj ET Q q 0 0 0 rg BT 501.18 203.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 547.56 203.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 191.60 Td (are ) Tj ET Q q 0 0 0 rg BT 64.71 191.60 Td (therefore ) Tj ET Q q 0 0 0 rg BT 103.29 191.60 Td (not ) Tj ET Q q 0 0 0 rg BT 118.57 191.60 Td (included ) Tj ET Q q 0 0 0 rg BT 155.50 191.60 Td (in ) Tj ET Q q 0 0 0 rg BT 165.78 191.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.50 191.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 196.88 191.60 Td (value ) Tj ET Q q 0 0 0 rg BT 221.03 191.60 Td (measurements.) 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Tj ET Q endstream endobj 161 0 obj <> endobj 162 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-14) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 62.00 742.25 Td (Property ) Tj ET Q q 0 0 0 rg BT 100.05 742.25 Td (and ) Tj ET Q q 0 0 0 rg BT 118.11 742.25 Td (Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 725.25 Td (Property ) Tj ET Q q 0 0 0 rg BT 111.22 725.25 Td (and ) Tj ET Q q 0 0 0 rg BT 128.45 725.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 173.44 725.25 Td (is ) Tj ET Q q 0 0 0 rg BT 182.90 725.25 Td (stated ) Tj ET Q q 0 0 0 rg BT 209.01 725.25 Td (at ) Tj ET Q q 0 0 0 rg BT 219.01 725.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 237.90 725.25 Td (less ) Tj ET Q q 0 0 0 rg BT 255.69 725.25 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 309.00 725.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 361.20 725.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.43 725.25 Td (amortization. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.25 725.25 Td (Depreciation ) Tj ET Q q 0 0 0 rg BT 488.67 725.25 Td (is ) Tj ET Q q 0 0 0 rg BT 498.13 725.25 Td (computed ) Tj ET Q q 0 0 0 rg BT 540.35 725.25 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.01 713.25 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 116.12 713.25 Td (method ) Tj ET Q q 0 0 0 rg BT 148.91 713.25 Td (over ) Tj ET Q q 0 0 0 rg BT 169.47 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.48 713.25 Td (life ) Tj ET Q q 0 0 0 rg BT 200.59 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.72 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.73 713.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 254.73 713.25 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 310.84 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.97 713.25 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 362.52 713.25 Td (improvements ) Tj ET Q q 0 0 0 rg BT 422.53 713.25 Td (is ) Tj ET Q q 0 0 0 rg BT 431.99 713.25 Td (computed ) Tj ET Q q 0 0 0 rg BT 474.21 713.25 Td (using ) Tj ET Q q 0 0 0 rg BT 498.67 713.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.68 713.25 Td (straight-line ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (method ) Tj ET Q q 0 0 0 rg BT 82.73 701.25 Td (over ) Tj ET Q q 0 0 0 rg BT 103.24 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.20 701.25 Td (lesser ) Tj ET Q q 0 0 0 rg BT 143.70 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 154.77 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 169.73 701.25 Td (life ) Tj ET Q q 0 0 0 rg BT 185.79 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.86 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.81 701.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 233.99 701.25 Td (or ) Tj ET Q q 0 0 0 rg BT 245.06 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.01 701.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 303.29 701.25 Td (term ) Tj ET Q q 0 0 0 rg BT 324.36 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 335.42 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.38 701.25 Td (lease.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.87 701.25 Td ( ) Tj ET Q q 0 0 0 rg BT 375.60 701.25 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 418.33 701.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 445.51 701.25 Td (lives ) Tj ET Q q 0 0 0 rg BT 467.13 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.20 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 493.16 701.25 Td (Company) Tj ET Q q 0 0 0 rg BT 534.82 701.25 Td (s ) Tj ET Q q 0 0 0 rg BT 541.45 701.25 Td (fixed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 689.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.83 689.25 Td (are ) Tj ET Q q 0 0 0 rg BT 90.54 689.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 130.24 689.25 Td (as ) Tj ET Q q 0 0 0 rg BT 141.07 689.25 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 668.25 Td (Aircraft ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.65 668.25 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.65 668.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 647.25 Td (Equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.88 647.25 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.88 647.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 626.25 Td (Furniture ) Tj ET Q q 0 0 0 rg BT 113.72 626.25 Td (and ) Tj ET Q q 0 0 0 rg BT 130.66 626.25 Td (fixtures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.20 626.25 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.20 626.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 605.25 Td (Leasehold ) Tj ET Q q 0 0 0 rg BT 117.59 605.25 Td (improvements ) Tj ET Q q 0 0 0 rg BT 184.81 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 199.52 605.25 Td (lesser ) Tj ET Q q 0 0 0 rg BT 224.79 605.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.62 605.25 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.62 605.25 Td (years ) Tj ET Q q 0 0 0 rg BT 271.72 605.25 Td (or ) Tj ET Q q 0 0 0 rg BT 282.55 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 297.27 605.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 340.31 605.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 362.79 605.25 Td (term) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.50 579.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 113.79 579.25 Td (Developments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 562.25 Td (In ) Tj ET Q q 0 0 0 rg BT 82.08 562.25 Td (May ) Tj ET Q q 0 0 0 rg BT 101.67 562.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 125.42 562.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.89 562.25 Td (F) Tj ET Q q 0 0 0 rg BT 143.71 562.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 164.41 562.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 190.66 562.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 228.01 562.25 Td (codified ) Tj ET Q q 0 0 0 rg BT 262.03 562.25 Td (in ) Tj ET Q q 0 0 0 rg BT 270.78 562.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 291.49 562.25 Td (606, ) Tj ET Q q 0 0 0 rg BT 310.24 562.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 346.48 562.25 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 396.61 562.25 Td (- ) Tj ET Q q 0 0 0 rg BT 401.19 562.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 437.43 562.25 Td (from ) Tj ET Q q 0 0 0 rg BT 458.12 562.25 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 497.70 562.25 Td (with ) Tj ET Q q 0 0 0 rg BT 516.73 562.25 Td (Customers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.25 Td (which ) Tj ET Q q 0 0 0 rg BT 77.65 550.25 Td (amends ) Tj ET Q q 0 0 0 rg BT 111.40 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.82 550.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 166.12 550.25 Td (in ) Tj ET Q q 0 0 0 rg BT 177.11 550.25 Td (former ) Tj ET Q q 0 0 0 rg BT 206.82 550.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 229.48 550.25 Td (605, ) Tj ET Q q 0 0 0 rg BT 250.18 550.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 288.38 550.25 Td (Recognition. ) Tj ET Q q 0 0 0 rg BT 342.96 550.25 Td (Management ) Tj ET Q q 0 0 0 rg BT 398.37 550.25 Td (is ) Tj ET Q q 0 0 0 rg BT 408.25 550.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 447.55 550.25 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 492.41 550.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.83 550.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 538.25 550.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 550.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 538.25 Td (future ) Tj ET Q q 0 0 0 rg BT 75.98 538.25 Td (adoption ) Tj ET Q q 0 0 0 rg BT 113.07 538.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.04 538.25 Td (ASC ) Tj ET Q q 0 0 0 rg BT 144.59 538.25 Td (606 ) Tj ET Q q 0 0 0 rg BT 161.69 538.25 Td (on ) Tj ET Q q 0 0 0 rg BT 173.79 538.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.11 538.25 Td (Company) Tj ET Q q 0 0 0 rg BT 229.77 538.25 Td (s ) Tj ET Q q 0 0 0 rg BT 235.76 538.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 288.40 538.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 325.48 538.25 Td (statements. ) Tj ET Q q 0 0 0 rg BT 372.30 538.25 Td ( ) Tj ET Q q 0 0 0 rg BT 374.24 538.25 Td (The ) Tj ET Q q 0 0 0 rg BT 391.89 538.25 Td (new ) Tj ET Q q 0 0 0 rg BT 410.65 538.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 448.84 538.25 Td (was ) Tj ET Q q 0 0 0 rg BT 466.49 538.25 Td (ef) Tj ET Q q 0 0 0 rg BT 474.08 538.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 503.38 538.25 Td (for ) Tj ET Q q 0 0 0 rg BT 517.14 538.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 540.90 538.25 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 526.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 91.33 526.25 Td (after ) Tj ET Q q 0 0 0 rg BT 110.99 526.25 Td (December ) Tj ET Q q 0 0 0 rg BT 153.41 526.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 167.25 526.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 191.08 526.25 Td ( ) Tj ET Q q 0 0 0 rg BT 192.42 526.25 Td (In ) Tj ET Q q 0 0 0 rg BT 201.79 526.25 Td (August ) Tj ET Q q 0 0 0 rg BT 232.02 526.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 255.86 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.42 526.25 Td (F) Tj ET Q q 0 0 0 rg BT 274.24 526.25 Td (ASB ) Tj ET Q q 0 0 0 rg BT 295.03 526.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 321.36 526.25 Td (guidance ) Tj ET Q q 0 0 0 rg BT 358.80 526.25 Td (which ) Tj ET Q q 0 0 0 rg BT 384.57 526.25 Td (defers ) Tj ET Q q 0 0 0 rg BT 410.34 526.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.89 526.25 Td (ef) Tj ET Q q 0 0 0 rg BT 431.48 526.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 460.02 526.25 Td (date ) Tj ET Q q 0 0 0 rg BT 478.02 526.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.68 526.25 Td (its ) Tj ET Q q 0 0 0 rg BT 498.47 526.25 Td (new ) Tj ET Q q 0 0 0 rg BT 516.47 526.25 Td (recognition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 514.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 86.47 514.25 Td (by ) Tj ET Q q 0 0 0 rg BT 99.07 514.25 Td (one ) Tj ET Q q 0 0 0 rg BT 116.11 514.25 Td (year) Tj ET Q q 0 0 0 rg BT 132.76 514.25 Td (. ) Tj ET Q q 0 0 0 rg BT 137.67 514.25 Td (The ) Tj ET Q q 0 0 0 rg BT 155.81 514.25 Td (standard ) Tj ET Q q 0 0 0 rg BT 192.29 514.25 Td (would ) Tj ET Q q 0 0 0 rg BT 219.88 514.25 Td (be ) Tj ET Q q 0 0 0 rg BT 231.92 514.25 Td (ef) Tj ET Q q 0 0 0 rg BT 239.51 514.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 269.31 514.25 Td (for ) Tj ET Q q 0 0 0 rg BT 283.56 514.25 Td (public ) Tj ET Q q 0 0 0 rg BT 311.15 514.25 Td (entities ) Tj ET Q q 0 0 0 rg BT 342.63 514.25 Td (for ) Tj ET Q q 0 0 0 rg BT 356.89 514.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 386.14 514.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 425.39 514.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 457.43 514.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 500.02 514.25 Td (after ) Tj ET Q q 0 0 0 rg BT 520.93 514.25 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 502.25 Td (15, ) Tj ET Q q 0 0 0 rg BT 65.00 502.25 Td (2017.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 478.25 Td (Note3 ) Tj ET Q q 0 0 0 rg BT 91.94 478.25 Td (Acquisition) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 454.25 Td (On ) Tj ET Q q 0 0 0 rg BT 86.33 454.25 Td (April ) Tj ET Q q 0 0 0 rg BT 109.50 454.25 Td (1, ) Tj ET Q q 0 0 0 rg BT 119.07 454.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 143.63 454.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.91 454.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 198.86 454.25 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.35 454.25 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.68 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 260.75 454.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 304.47 454.25 Td (of ) Tj ET Q q 0 0 0 rg BT 314.87 454.25 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 345.82 454.25 Td (Partners, ) Tj ET Q q 0 0 0 rg BT 383.15 454.25 Td (LP) Tj ET Q q 0 0 0 rg BT 394.45 454.25 Td ( ) Tj ET Q q 0 0 0 rg BT 396.51 454.25 Td (and ) Tj ET Q q 0 0 0 rg BT 413.02 454.25 Td (its ) Tj ET Q q 0 0 0 rg BT 424.53 454.25 Td (af) Tj ET Q q 0 0 0 rg BT 432.12 454.25 Td (filiates ) Tj ET Q q 0 0 0 rg BT 461.39 454.25 Td (\("Cogent"\) ) Tj ET Q q 0 0 0 rg BT 507.17 454.25 Td (\(now ) Tj ET Q q 0 0 0 rg BT 529.79 454.25 Td (known ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 442.25 Td (as ) Tj ET Q q 0 0 0 rg BT 60.00 442.25 Td ("Greenhill ) Tj ET Q q 0 0 0 rg BT 103.52 442.25 Td (Cogent"\), ) Tj ET Q q 0 0 0 rg BT 143.98 442.25 Td (a ) Tj ET Q q 0 0 0 rg BT 150.09 442.25 Td (global ) Tj ET Q q 0 0 0 rg BT 176.76 442.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 213.41 442.25 Td (advisor ) Tj ET Q q 0 0 0 rg BT 244.52 442.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.96 442.25 Td (pension ) Tj ET Q q 0 0 0 rg BT 286.74 442.25 Td (funds, ) Tj ET Q q 0 0 0 rg BT 313.13 442.25 Td (endowments ) Tj ET Q q 0 0 0 rg BT 365.35 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.46 442.25 Td (other ) Tj ET Q q 0 0 0 rg BT 403.68 442.25 Td (institutional ) Tj ET Q q 0 0 0 rg BT 453.13 442.25 Td (investors ) Tj ET Q q 0 0 0 rg BT 490.90 442.25 Td (on ) Tj ET Q q 0 0 0 rg BT 502.57 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 516.46 442.25 Td (secondary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 430.25 Td (market ) Tj ET Q q 0 0 0 rg BT 80.31 430.25 Td (for ) Tj ET Q q 0 0 0 rg BT 94.51 430.25 Td (alternative ) Tj ET Q q 0 0 0 rg BT 139.25 430.25 Td (assets, ) Tj ET Q q 0 0 0 rg BT 167.62 430.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 185.71 430.25 Td ("Acquisition"\). ) Tj ET Q q 0 0 0 rg BT 248.91 430.25 Td ( ) Tj ET Q q 0 0 0 rg BT 250.89 430.25 Td (As ) Tj ET Q q 0 0 0 rg BT 264.54 430.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 320.96 430.25 Td (for ) Tj ET Q q 0 0 0 rg BT 335.16 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.35 430.25 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 398.56 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 413.32 430.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 454.75 430.25 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 500.04 430.25 Td (a ) Tj ET Q q 0 0 0 rg BT 507.02 430.25 Td (combination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.37 418.25 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.84 418.25 Td ($44.0 ) Tj ET Q q 0 0 0 rg BT 99.38 418.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.27 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 131.31 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 142.12 418.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 162.93 418.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.41 418.25 Td (779,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.91 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 215.94 418.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 243.97 418.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.34 418.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 296.14 418.25 Td (common ) Tj ET Q q 0 0 0 rg BT 334.17 418.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 358.32 418.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 378.57 418.25 Td (at ) Tj ET Q q 0 0 0 rg BT 388.82 418.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 420.75 418.25 Td (and ) Tj ET Q q 0 0 0 rg BT 438.22 418.25 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.48 418.25 Td ($18.9 ) Tj ET Q q 0 0 0 rg BT 479.01 418.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.91 418.25 Td ( ) Tj ET Q q 0 0 0 rg BT 510.94 418.25 Td (in ) Tj ET Q q 0 0 0 rg BT 521.76 418.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 542.56 418.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 406.25 Td (334,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.50 406.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.02 406.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 112.53 406.25 Td (of ) Tj ET Q q 0 0 0 rg BT 123.38 406.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 163.66 406.25 Td (common ) Tj ET Q q 0 0 0 rg BT 201.17 406.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 224.80 406.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 258.41 406.25 Td (in ) Tj ET Q q 0 0 0 rg BT 268.71 406.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.44 406.25 Td (future ) Tj ET Q q 0 0 0 rg BT 309.84 406.25 Td (if ) Tj ET Q q 0 0 0 rg BT 318.47 406.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 348.19 406.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 377.35 406.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 411.51 406.25 Td (tar) Tj ET Q q 0 0 0 rg BT 421.88 406.25 Td (gets ) Tj ET Q q 0 0 0 rg BT 440.51 406.25 Td (are ) Tj ET Q q 0 0 0 rg BT 455.23 406.25 Td (achieved ) Tj ET Q q 0 0 0 rg BT 493.28 406.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 511.35 406.25 Td ("Earnout"\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 394.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.41 394.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.04 394.25 Td (component ) Tj ET Q q 0 0 0 rg BT 133.34 394.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.53 394.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.61 394.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 213.34 394.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 232.42 394.25 Td (at ) Tj ET Q q 0 0 0 rg BT 241.50 394.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 272.25 394.25 Td (was ) Tj ET Q q 0 0 0 rg BT 289.67 394.25 Td (funded ) Tj ET Q q 0 0 0 rg BT 319.30 394.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.16 394.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.16 394.25 Td ( ) Tj ET Q q 0 0 0 rg BT 348.02 394.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 369.33 394.25 Td (term ) Tj ET Q q 0 0 0 rg BT 389.51 394.25 Td (loan ) Tj ET Q q 0 0 0 rg BT 408.59 394.25 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 447.39 394.25 Td (each ) Tj ET Q q 0 0 0 rg BT 467.56 394.25 Td (in ) Tj ET Q q 0 0 0 rg BT 477.20 394.25 Td (an ) Tj ET Q q 0 0 0 rg BT 488.51 394.25 Td (original ) Tj ET Q q 0 0 0 rg BT 521.47 394.25 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.25 Td (sum ) Tj ET Q q 0 0 0 rg BT 69.17 382.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.00 382.25 Td ($22.5 ) Tj ET Q q 0 0 0 rg BT 105.00 382.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.89 382.25 Td (, ) Tj ET Q q 0 0 0 rg BT 138.89 382.25 Td (and ) Tj ET Q q 0 0 0 rg BT 155.83 382.25 Td (together ) Tj ET Q q 0 0 0 rg BT 191.09 382.25 Td (in ) Tj ET Q q 0 0 0 rg BT 201.37 382.25 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.73 382.25 Td ($45.0 ) Tj ET Q q 0 0 0 rg BT 267.73 382.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.63 382.25 Td (. ) Tj ET Q q 0 0 0 rg BT 301.63 382.25 Td ( ) Tj ET Q q 0 0 0 rg BT 304.13 382.25 Td (See ) Tj ET Q q 0 0 0 rg BT 321.06 382.25 Td ("Note ) Tj ET Q q 0 0 0 rg BT 347.08 382.25 Td (10 ) Tj ET Q q 0 0 0 rg BT 359.58 382.25 Td ( ) Tj ET Q q 0 0 0 rg BT 372.08 382.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 395.69 382.25 Td (Loan ) Tj ET Q q 0 0 0 rg BT 418.74 382.25 Td (Facilities".) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 358.25 Td (The ) Tj ET Q q 0 0 0 rg BT 90.59 358.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 110.89 358.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 147.87 358.25 Td (and ) Tj ET Q q 0 0 0 rg BT 164.84 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.60 358.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 216.02 358.25 Td (of ) Tj ET Q q 0 0 0 rg BT 226.88 358.25 Td (common ) Tj ET Q q 0 0 0 rg BT 264.42 358.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 291.95 358.25 Td (related ) Tj ET Q q 0 0 0 rg BT 321.69 358.25 Td (to ) Tj ET Q q 0 0 0 rg BT 332.01 358.25 Td (the ) Tj ET Q q 0 0 0 rg BT 346.76 358.25 Td (Earnout ) Tj ET Q q 0 0 0 rg BT 380.96 358.25 Td (will ) Tj ET Q q 0 0 0 rg BT 399.05 358.25 Td (be ) Tj ET Q q 0 0 0 rg BT 411.03 358.25 Td (made ) Tj ET Q q 0 0 0 rg BT 435.22 358.25 Td (if ) Tj ET Q q 0 0 0 rg BT 443.87 358.25 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 484.17 358.25 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 515.60 358.25 Td (achieves ) Tj ET Q q 0 0 0 rg BT 552.56 358.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 346.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 84.27 346.25 Td (tar) Tj ET Q q 0 0 0 rg BT 94.64 346.25 Td (get ) Tj ET Q q 0 0 0 rg BT 109.48 346.25 Td (during ) Tj ET Q q 0 0 0 rg BT 138.21 346.25 Td (either ) Tj ET Q q 0 0 0 rg BT 163.60 346.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.45 346.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.45 346.25 Td ( ) Tj ET Q q 0 0 0 rg BT 196.07 346.25 Td (year ) Tj ET Q q 0 0 0 rg BT 215.91 346.25 Td (period ) Tj ET Q q 0 0 0 rg BT 244.08 346.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 273.92 346.25 Td (on ) Tj ET Q q 0 0 0 rg BT 286.55 346.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.39 346.25 Td (second) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.16 346.25 Td ( ) Tj ET Q q 0 0 0 rg BT 331.79 346.25 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 381.06 346.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.01 346.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.86 346.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 438.37 346.25 Td (or ) Tj ET Q q 0 0 0 rg BT 449.32 346.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.17 346.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.17 346.25 Td ( ) Tj ET Q q 0 0 0 rg BT 481.79 346.25 Td (year ) Tj ET Q q 0 0 0 rg BT 501.63 346.25 Td (period ) Tj ET Q q 0 0 0 rg BT 529.80 346.25 Td (ending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 334.25 Td (on ) Tj ET Q q 0 0 0 rg BT 61.98 334.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.17 334.25 Td (fourth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.61 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 102.58 334.25 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 151.21 334.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.51 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 175.71 334.25 Td (closing. ) Tj ET Q q 0 0 0 rg BT 209.07 334.25 Td ( ) Tj ET Q q 0 0 0 rg BT 211.05 334.25 Td (If ) Tj ET Q q 0 0 0 rg BT 219.68 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.88 334.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 267.50 334.25 Td (tar) Tj ET Q q 0 0 0 rg BT 277.87 334.25 Td (get ) Tj ET Q q 0 0 0 rg BT 292.06 334.25 Td (is ) Tj ET Q q 0 0 0 rg BT 300.71 334.25 Td (achieved, ) Tj ET Q q 0 0 0 rg BT 340.71 334.25 Td (the ) Tj ET Q q 0 0 0 rg BT 354.91 334.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 399.10 334.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 454.94 334.25 Td (will ) Tj ET Q q 0 0 0 rg BT 472.48 334.25 Td (be ) Tj ET Q q 0 0 0 rg BT 483.89 334.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 503.09 334.25 Td (on ) Tj ET Q q 0 0 0 rg BT 515.06 334.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.26 334.25 Td (second) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.02 334.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 322.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.41 322.25 Td (fourth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.85 322.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.92 322.25 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 135.65 322.25 Td (date ) Tj ET Q q 0 0 0 rg BT 154.38 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.79 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.08 322.25 Td (closing, ) Tj ET Q q 0 0 0 rg BT 212.55 322.25 Td (as ) Tj ET Q q 0 0 0 rg BT 222.95 322.25 Td (applicable. ) Tj ET Q q 0 0 0 rg BT 268.62 322.25 Td (If ) Tj ET Q q 0 0 0 rg BT 277.36 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.65 322.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 325.38 322.25 Td (tar) Tj ET Q q 0 0 0 rg BT 335.74 322.25 Td (get ) Tj ET Q q 0 0 0 rg BT 350.04 322.25 Td (is ) Tj ET Q q 0 0 0 rg BT 358.78 322.25 Td (not ) Tj ET Q q 0 0 0 rg BT 373.64 322.25 Td (achieved ) Tj ET Q q 0 0 0 rg BT 411.25 322.25 Td (during ) Tj ET Q q 0 0 0 rg BT 439.44 322.25 Td (either ) Tj ET Q q 0 0 0 rg BT 464.28 322.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.69 322.25 Td (the ) Tj ET Q q 0 0 0 rg BT 488.98 322.25 Td (two ) Tj ET Q q 0 0 0 rg BT 506.06 322.25 Td (year ) Tj ET Q q 0 0 0 rg BT 525.34 322.25 Td (Earnout ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 310.25 Td (periods, ) Tj ET Q q 0 0 0 rg BT 84.41 310.25 Td (a ) Tj ET Q q 0 0 0 rg BT 91.32 310.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 128.22 310.25 Td (will ) Tj ET Q q 0 0 0 rg BT 146.25 310.25 Td (not ) Tj ET Q q 0 0 0 rg BT 161.49 310.25 Td (be ) Tj ET Q q 0 0 0 rg BT 173.40 310.25 Td (made. ) Tj ET Q q 0 0 0 rg BT 199.85 310.25 Td (The ) Tj ET Q q 0 0 0 rg BT 217.87 310.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 234.21 310.25 Td (value ) Tj ET Q q 0 0 0 rg BT 258.34 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 269.14 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.82 310.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 328.50 310.25 Td (issuance ) Tj ET Q q 0 0 0 rg BT 364.85 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.65 310.25 Td (common ) Tj ET Q q 0 0 0 rg BT 413.12 310.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 440.58 310.25 Td (was ) Tj ET Q q 0 0 0 rg BT 458.60 310.25 Td (valued ) Tj ET Q q 0 0 0 rg BT 487.72 310.25 Td (on ) Tj ET Q q 0 0 0 rg BT 500.19 310.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.88 310.25 Td (date ) Tj ET Q q 0 0 0 rg BT 534.00 310.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.80 310.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 298.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 96.00 298.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.34 298.25 Td ($1) Tj ET Q q 0 0 0 rg BT 114.97 298.25 Td (1.9 ) Tj ET Q q 0 0 0 rg BT 129.59 298.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.48 298.25 Td ( ) Tj ET Q q 0 0 0 rg BT 160.60 298.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.16 298.25 Td (has ) Tj ET Q q 0 0 0 rg BT 192.61 298.25 Td (been ) Tj ET Q q 0 0 0 rg BT 213.61 298.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 250.71 298.25 Td (as ) Tj ET Q q 0 0 0 rg BT 261.16 298.25 Td (a ) Tj ET Q q 0 0 0 rg BT 267.71 298.25 Td (component ) Tj ET Q q 0 0 0 rg BT 314.27 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.72 298.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 351.84 298.25 Td (in ) Tj ET Q q 0 0 0 rg BT 361.73 298.25 Td (the ) Tj ET Q q 0 0 0 rg BT 376.07 298.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 428.73 298.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 469.18 298.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.63 298.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 516.73 298.25 Td (condition. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 286.25 Td (The ) Tj ET Q q 0 0 0 rg BT 67.00 286.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 82.32 286.25 Td (value ) Tj ET Q q 0 0 0 rg BT 105.43 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.21 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.88 286.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 172.54 286.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 191.76 286.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 247.08 286.25 Td (was ) Tj ET Q q 0 0 0 rg BT 264.08 286.25 Td (valued ) Tj ET Q q 0 0 0 rg BT 292.19 286.25 Td (on ) Tj ET Q q 0 0 0 rg BT 303.64 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.30 286.25 Td (date ) Tj ET Q q 0 0 0 rg BT 335.41 286.25 Td (of ) Tj ET Q q 0 0 0 rg BT 345.19 286.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.86 286.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 404.19 286.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.86 286.25 Td ($13.1 ) Tj ET Q q 0 0 0 rg BT 436.81 286.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.70 286.25 Td ( ) Tj ET Q q 0 0 0 rg BT 467.15 286.25 Td (and ) Tj ET Q q 0 0 0 rg BT 483.04 286.25 Td (will ) Tj ET Q q 0 0 0 rg BT 500.04 286.25 Td (be ) Tj ET Q q 0 0 0 rg BT 510.93 286.25 Td (remeasured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 274.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 88.86 274.25 Td (based ) Tj ET Q q 0 0 0 rg BT 114.40 274.25 Td (on ) Tj ET Q q 0 0 0 rg BT 127.18 274.25 Td (a ) Tj ET Q q 0 0 0 rg BT 134.38 274.25 Td (probability ) Tj ET Q q 0 0 0 rg BT 181.04 274.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 220.46 274.25 Td (present ) Tj ET Q q 0 0 0 rg BT 252.11 274.25 Td (value ) Tj ET Q q 0 0 0 rg BT 276.54 274.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 313.20 274.25 Td (that ) Tj ET Q q 0 0 0 rg BT 330.96 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.95 274.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 380.37 274.25 Td (tar) Tj ET Q q 0 0 0 rg BT 390.73 274.25 Td (get ) Tj ET Q q 0 0 0 rg BT 405.72 274.25 Td (may ) Tj ET Q q 0 0 0 rg BT 425.71 274.25 Td (be ) Tj ET Q q 0 0 0 rg BT 437.92 274.25 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 478.72 274.25 Td ( ) Tj ET Q q 0 0 0 rg BT 481.49 274.25 Td (For ) Tj ET Q q 0 0 0 rg BT 498.15 274.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.14 274.25 Td (year ) Tj ET Q q 0 0 0 rg BT 533.12 274.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 262.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 108.19 262.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.19 262.25 Td (, ) Tj ET Q q 0 0 0 rg BT 132.80 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.13 262.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 163.12 262.25 Td (value ) Tj ET Q q 0 0 0 rg BT 186.88 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 197.32 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.65 262.25 Td (contingent ) Tj ET Q q 0 0 0 rg BT 255.97 262.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 311.95 262.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 351.81 262.25 Td (from ) Tj ET Q q 0 0 0 rg BT 373.36 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.69 262.25 Td (value ) Tj ET Q q 0 0 0 rg BT 411.45 262.25 Td (on ) Tj ET Q q 0 0 0 rg BT 423.56 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.89 262.25 Td (date ) Tj ET Q q 0 0 0 rg BT 456.65 262.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.09 262.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.42 262.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 527.41 262.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.52 262.25 Td ($0.5 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 250.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 250.25 Td ( ) Tj ET Q q 0 0 0 rg BT 81.50 250.25 Td (based ) Tj ET Q q 0 0 0 rg BT 106.88 250.25 Td (on ) Tj ET Q q 0 0 0 rg BT 119.50 250.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 154.32 250.25 Td (in ) Tj ET Q q 0 0 0 rg BT 164.71 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 179.54 250.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 220.47 250.25 Td (probability ) Tj ET Q q 0 0 0 rg BT 266.96 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 277.91 250.25 Td (achievement ) Tj ET Q q 0 0 0 rg BT 331.04 250.25 Td (and ) Tj ET Q q 0 0 0 rg BT 348.10 250.25 Td (present ) Tj ET Q q 0 0 0 rg BT 379.58 250.25 Td (value ) Tj ET Q q 0 0 0 rg BT 403.85 250.25 Td (of ) Tj ET Q q 0 0 0 rg BT 414.79 250.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.62 250.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 472.78 250.25 Td (term. ) Tj ET Q q 0 0 0 rg BT 496.22 250.25 Td (See ) Tj ET Q q 0 0 0 rg BT 513.27 250.25 Td ("Note ) Tj ET Q q 0 0 0 rg BT 539.40 250.25 Td (6 ) Tj ET Q q 0 0 0 rg BT 547.01 250.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 238.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 68.43 238.25 Td (V) Tj ET Q q 0 0 0 rg BT 74.54 238.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 93.70 238.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.53 238.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 144.24 238.25 Td (Instruments".) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 217.25 Td (The ) Tj ET Q q 0 0 0 rg BT 89.54 217.25 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 138.12 217.25 Td (has ) Tj ET Q q 0 0 0 rg BT 153.37 217.25 Td (been ) Tj ET Q q 0 0 0 rg BT 174.17 217.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 216.62 217.25 Td (for ) Tj ET Q q 0 0 0 rg BT 230.20 217.25 Td (using ) Tj ET Q q 0 0 0 rg BT 253.78 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.92 217.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 305.37 217.25 Td (method ) Tj ET Q q 0 0 0 rg BT 337.29 217.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.53 217.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 393.32 217.25 Td (and ) Tj ET Q q 0 0 0 rg BT 409.68 217.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.82 217.25 Td (results ) Tj ET Q q 0 0 0 rg BT 451.84 217.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.09 217.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 505.66 217.25 Td (for ) Tj ET Q q 0 0 0 rg BT 519.24 217.25 Td (Greenhill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 205.25 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 82.09 205.25 Td (have ) Tj ET Q q 0 0 0 rg BT 104.18 205.25 Td (been ) Tj ET Q q 0 0 0 rg BT 126.26 205.25 Td (included ) Tj ET Q q 0 0 0 rg BT 163.90 205.25 Td (in ) Tj ET Q q 0 0 0 rg BT 174.89 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.31 205.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 244.06 205.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 285.59 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 297.13 205.25 Td (income ) Tj ET Q q 0 0 0 rg BT 329.77 205.25 Td (for ) Tj ET Q q 0 0 0 rg BT 344.63 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 360.06 205.25 Td (year ) Tj ET Q q 0 0 0 rg BT 380.47 205.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 407.55 205.25 Td (December ) Tj ET Q q 0 0 0 rg BT 451.85 205.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 467.55 205.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 490.76 205.25 Td (from ) Tj ET Q q 0 0 0 rg BT 513.41 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.83 205.25 Td (date ) Tj ET Q q 0 0 0 rg BT 548.69 205.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 193.25 Td (acquisition. ) Tj ET Q q 0 0 0 rg BT 98.92 193.25 Td (The ) Tj ET Q q 0 0 0 rg BT 117.21 193.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 158.84 193.25 Td (incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.90 193.25 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 215.14 193.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.03 193.25 Td ( ) Tj ET Q q 0 0 0 rg BT 246.77 193.25 Td (of ) Tj ET Q q 0 0 0 rg BT 257.84 193.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 304.45 193.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 327.19 193.25 Td (related ) Tj ET Q q 0 0 0 rg BT 357.14 193.25 Td (to ) Tj ET Q q 0 0 0 rg BT 367.65 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.01 193.25 Td (Acquisition, ) Tj ET Q q 0 0 0 rg BT 433.91 193.25 Td (which ) Tj ET Q q 0 0 0 rg BT 461.09 193.25 Td (have ) Tj ET Q q 0 0 0 rg BT 482.71 193.25 Td (been ) Tj ET Q q 0 0 0 rg BT 504.33 193.25 Td (included ) Tj ET Q q 0 0 0 rg BT 541.50 193.25 Td (as ) Tj ET Q q 0 0 0 rg BT 552.57 193.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 181.25 Td (component ) Tj ET Q q 0 0 0 rg BT 96.93 181.25 Td (of ) Tj ET Q q 0 0 0 rg BT 107.76 181.25 Td (professional ) Tj ET Q q 0 0 0 rg BT 159.14 181.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 177.74 181.25 Td (in ) Tj ET Q q 0 0 0 rg BT 188.02 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.73 181.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 255.78 181.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 296.60 181.25 Td (of ) Tj ET Q q 0 0 0 rg BT 307.43 181.25 Td (income ) Tj ET Q q 0 0 0 rg BT 339.36 181.25 Td (for ) Tj ET Q q 0 0 0 rg BT 353.52 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.24 181.25 Td (year ) Tj ET Q q 0 0 0 rg BT 387.94 181.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.32 181.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 472.91 181.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.91 181.25 Td (.) Tj ET Q endstream endobj 163 0 obj <> endobj 164 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 742.10 Td (An ) Tj ET Q q 0 0 0 rg BT 86.39 742.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 127.48 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.47 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.14 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.02 742.10 Td (total ) Tj ET Q q 0 0 0 rg BT 172.46 742.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 209.66 742.10 Td (price ) Tj ET Q q 0 0 0 rg BT 231.31 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.30 742.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.72 742.10 Td ($100.0 ) Tj ET Q q 0 0 0 rg BT 329.89 742.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.78 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 360.44 742.10 Td (has ) Tj ET Q q 0 0 0 rg BT 375.44 742.10 Td (been ) Tj ET Q q 0 0 0 rg BT 395.98 742.10 Td (made ) Tj ET Q q 0 0 0 rg BT 419.30 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.74 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.62 742.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 467.61 742.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 503.70 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 519.80 742.10 Td (liabilities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (assumed ) Tj ET Q q 0 0 0 rg BT 86.94 730.10 Td (based ) Tj ET Q q 0 0 0 rg BT 112.21 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 124.71 730.10 Td (their ) Tj ET Q q 0 0 0 rg BT 145.53 730.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 161.91 730.10 Td (values ) Tj ET Q q 0 0 0 rg BT 189.96 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 200.79 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.06 730.10 Td (April ) Tj ET Q q 0 0 0 rg BT 234.67 730.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 244.67 730.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 269.67 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.39 730.10 Td (date ) Tj ET Q q 0 0 0 rg BT 303.54 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.38 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.09 730.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 377.97 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 388.80 730.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 421.30 730.10 Td (\(in ) Tj ET Q q 0 0 0 rg BT 434.91 730.10 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 706.60 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 706.60 76.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 678.60 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 678.60 76.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 664.60 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 650.60 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 650.60 76.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 636.60 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 622.60 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 622.60 76.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 608.60 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 594.60 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 594.60 76.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 580.60 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 566.60 436.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 485.50 566.60 76.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 608.6 m 561.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 566.6 m 561.5 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 552.6 m 561.5 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 539.6 m 561.5 539.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 537.6 m 561.5 537.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 710.85 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 697.28 Td (Allocation of assets acquired and liabilities assumed:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 697.17 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 58.00 683.16 Td (Assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 683.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 669.17 Td (Current assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 669.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 669.17 Td (13,970) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 655.17 Td (Property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 655.17 Td (599) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 641.17 Td (Other assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 641.17 Td (651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 627.17 Td (Identifiable intangible assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 627.17 Td (1,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 613.17 Td (Goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 613.17 Td (93,116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 599.17 Td ( Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 599.17 Td (109,636) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 58.00 585.16 Td (Liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 585.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 571.17 Td (Current liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 571.17 Td (9,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 557.17 Td ( Total liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 557.17 Td (9,640) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 543.17 Td (Net assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.00 543.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 543.17 Td (99,996) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 523.40 Td (The ) Tj ET Q q 0 0 0 rg BT 89.75 523.40 Td (excess ) Tj ET Q q 0 0 0 rg BT 117.55 523.40 Td (of ) Tj ET Q q 0 0 0 rg BT 127.58 523.40 Td (the ) Tj ET Q q 0 0 0 rg BT 141.50 523.40 Td (purchase ) Tj ET Q q 0 0 0 rg BT 178.75 523.40 Td (price ) Tj ET Q q 0 0 0 rg BT 200.43 523.40 Td (over ) Tj ET Q q 0 0 0 rg BT 219.91 523.40 Td (the ) Tj ET Q q 0 0 0 rg BT 233.83 523.40 Td (fair ) Tj ET Q q 0 0 0 rg BT 249.41 523.40 Td (value ) Tj ET Q q 0 0 0 rg BT 272.76 523.40 Td (of ) Tj ET Q q 0 0 0 rg BT 282.80 523.40 Td (the ) Tj ET Q q 0 0 0 rg BT 296.72 523.40 Td (net ) Tj ET Q q 0 0 0 rg BT 310.64 523.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 335.67 523.40 Td (acquired ) Tj ET Q q 0 0 0 rg BT 371.80 523.40 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.83 523.40 Td ($93.1 ) Tj ET Q q 0 0 0 rg BT 406.03 523.40 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.92 523.40 Td ( ) Tj ET Q q 0 0 0 rg BT 436.63 523.40 Td (has ) Tj ET Q q 0 0 0 rg BT 451.66 523.40 Td (been ) Tj ET Q q 0 0 0 rg BT 472.24 523.40 Td (recorded ) Tj ET Q q 0 0 0 rg BT 508.92 523.40 Td (as ) Tj ET Q q 0 0 0 rg BT 518.95 523.40 Td (goodwill. ) Tj ET Q q 0 0 0 rg BT 559.51 523.40 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 511.40 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 89.44 511.40 Td (includes ) Tj ET Q q 0 0 0 rg BT 124.43 511.40 Td (the ) Tj ET Q q 0 0 0 rg BT 138.31 511.40 Td (in-place ) Tj ET Q q 0 0 0 rg BT 172.17 511.40 Td (workforce, ) Tj ET Q q 0 0 0 rg BT 217.42 511.40 Td (which ) Tj ET Q q 0 0 0 rg BT 243.52 511.40 Td (allows ) Tj ET Q q 0 0 0 rg BT 271.29 511.40 Td (the ) Tj ET Q q 0 0 0 rg BT 285.17 511.40 Td (Company ) Tj ET Q q 0 0 0 rg BT 325.72 511.40 Td (to ) Tj ET Q q 0 0 0 rg BT 335.16 511.40 Td (continue ) Tj ET Q q 0 0 0 rg BT 371.25 511.40 Td (serving ) Tj ET Q q 0 0 0 rg BT 402.35 511.40 Td (its ) Tj ET Q q 0 0 0 rg BT 413.46 511.40 Td (existing ) Tj ET Q q 0 0 0 rg BT 446.79 511.40 Td (client ) Tj ET Q q 0 0 0 rg BT 470.66 511.40 Td (base, ) Tj ET Q q 0 0 0 rg BT 492.59 511.40 Td (begin ) Tj ET Q q 0 0 0 rg BT 516.47 511.40 Td (marketing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 499.40 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 499.40 Td (potential ) Tj ET Q q 0 0 0 rg BT 97.77 499.40 Td (clients ) Tj ET Q q 0 0 0 rg BT 126.37 499.40 Td (and ) Tj ET Q q 0 0 0 rg BT 143.31 499.40 Td (avoid ) Tj ET Q q 0 0 0 rg BT 168.03 499.40 Td (significant ) Tj ET Q q 0 0 0 rg BT 212.74 499.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 235.24 499.40 Td (reproducing ) Tj ET Q q 0 0 0 rg BT 286.05 499.40 Td (the ) Tj ET Q q 0 0 0 rg BT 300.77 499.40 Td (workforce.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 483.70 Td (The ) Tj ET Q q 0 0 0 rg BT 91.17 483.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 132.62 483.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 149.62 483.70 Td (value ) Tj ET Q q 0 0 0 rg BT 174.40 483.70 Td (of ) Tj ET Q q 0 0 0 rg BT 185.85 483.70 Td (the ) Tj ET Q q 0 0 0 rg BT 201.19 483.70 Td (intangible ) Tj ET Q q 0 0 0 rg BT 244.30 483.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 270.76 483.70 Td (acquired, ) Tj ET Q q 0 0 0 rg BT 310.81 483.70 Td (which ) Tj ET Q q 0 0 0 rg BT 338.37 483.70 Td (consist ) Tj ET Q q 0 0 0 rg BT 369.27 483.70 Td (of ) Tj ET Q q 0 0 0 rg BT 380.73 483.70 Td (Cogent's ) Tj ET Q q 0 0 0 rg BT 418.43 483.70 Td (backlog ) Tj ET Q q 0 0 0 rg BT 453.21 483.70 Td (of ) Tj ET Q q 0 0 0 rg BT 464.66 483.70 Td (client ) Tj ET Q q 0 0 0 rg BT 490.00 483.70 Td (assignments ) Tj ET Q q 0 0 0 rg BT 542.01 483.70 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 471.70 Td (existed ) Tj ET Q q 0 0 0 rg BT 81.69 471.70 Td (at ) Tj ET Q q 0 0 0 rg BT 92.28 471.70 Td (the ) Tj ET Q q 0 0 0 rg BT 107.87 471.70 Td (time ) Tj ET Q q 0 0 0 rg BT 129.01 471.70 Td (of ) Tj ET Q q 0 0 0 rg BT 140.71 471.70 Td (the ) Tj ET Q q 0 0 0 rg BT 156.29 471.70 Td (closing, ) Tj ET Q q 0 0 0 rg BT 191.05 471.70 Td (customer ) Tj ET Q q 0 0 0 rg BT 231.07 471.70 Td (relationships, ) Tj ET Q q 0 0 0 rg BT 288.05 471.70 Td (and ) Tj ET Q q 0 0 0 rg BT 305.85 471.70 Td (trade ) Tj ET Q q 0 0 0 rg BT 329.21 471.70 Td (name, ) Tj ET Q q 0 0 0 rg BT 356.73 471.70 Td (is ) Tj ET Q q 0 0 0 rg BT 366.77 471.70 Td (based, ) Tj ET Q q 0 0 0 rg BT 395.41 471.70 Td (in ) Tj ET Q q 0 0 0 rg BT 406.56 471.70 Td (part, ) Tj ET Q q 0 0 0 rg BT 427.97 471.70 Td (on ) Tj ET Q q 0 0 0 rg BT 441.34 471.70 Td (a ) Tj ET Q q 0 0 0 rg BT 449.15 471.70 Td (valuation ) Tj ET Q q 0 0 0 rg BT 489.73 471.70 Td (using ) Tj ET Q q 0 0 0 rg BT 514.77 471.70 Td (an ) Tj ET Q q 0 0 0 rg BT 527.58 471.70 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 459.70 Td (approach, ) Tj ET Q q 0 0 0 rg BT 92.21 459.70 Td (market ) Tj ET Q q 0 0 0 rg BT 123.05 459.70 Td (approach ) Tj ET Q q 0 0 0 rg BT 162.76 459.70 Td (or ) Tj ET Q q 0 0 0 rg BT 174.16 459.70 Td (cost ) Tj ET Q q 0 0 0 rg BT 193.34 459.70 Td (approach ) Tj ET Q q 0 0 0 rg BT 233.05 459.70 Td (and ) Tj ET Q q 0 0 0 rg BT 250.56 459.70 Td (has ) Tj ET Q q 0 0 0 rg BT 266.96 459.70 Td (been ) Tj ET Q q 0 0 0 rg BT 288.90 459.70 Td (included ) Tj ET Q q 0 0 0 rg BT 326.41 459.70 Td (in ) Tj ET Q q 0 0 0 rg BT 337.25 459.70 Td (other ) Tj ET Q q 0 0 0 rg BT 360.87 459.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 387.27 459.70 Td (on ) Tj ET Q q 0 0 0 rg BT 400.34 459.70 Td (the ) Tj ET Q q 0 0 0 rg BT 415.62 459.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 469.23 459.70 Td (statement ) Tj ET Q q 0 0 0 rg BT 510.62 459.70 Td (of ) Tj ET Q q 0 0 0 rg BT 522.02 459.70 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 447.70 Td (condition ) Tj ET Q q 0 0 0 rg BT 90.42 447.70 Td (as ) Tj ET Q q 0 0 0 rg BT 101.40 447.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.37 447.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 171.10 447.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.10 447.70 Td (. ) Tj ET Q q 0 0 0 rg BT 196.06 447.70 Td (The ) Tj ET Q q 0 0 0 rg BT 214.25 447.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 255.22 447.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 271.74 447.70 Td (value ) Tj ET Q q 0 0 0 rg BT 296.04 447.70 Td (ascribed ) Tj ET Q q 0 0 0 rg BT 332.01 447.70 Td (to ) Tj ET Q q 0 0 0 rg BT 342.43 447.70 Td (the ) Tj ET Q q 0 0 0 rg BT 357.29 447.70 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 405.48 447.70 Td (intangible ) Tj ET Q q 0 0 0 rg BT 448.11 447.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 474.09 447.70 Td (will ) Tj ET Q q 0 0 0 rg BT 492.29 447.70 Td (be ) Tj ET Q q 0 0 0 rg BT 504.38 447.70 Td (amortized ) Tj ET Q q 0 0 0 rg BT 547.01 447.70 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 435.70 Td (a ) Tj ET Q q 0 0 0 rg BT 56.81 435.70 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 107.51 435.70 Td (basis ) Tj ET Q q 0 0 0 rg BT 129.88 435.70 Td (over ) Tj ET Q q 0 0 0 rg BT 150.03 435.70 Td (the ) Tj ET Q q 0 0 0 rg BT 164.62 435.70 Td (estimated ) Tj ET Q q 0 0 0 rg BT 205.31 435.70 Td (remaining ) Tj ET Q q 0 0 0 rg BT 248.23 435.70 Td (useful ) Tj ET Q q 0 0 0 rg BT 275.04 435.70 Td (life ) Tj ET Q q 0 0 0 rg BT 290.74 435.70 Td (of ) Tj ET Q q 0 0 0 rg BT 301.45 435.70 Td (each ) Tj ET Q q 0 0 0 rg BT 322.14 435.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 343.95 435.70 Td (over ) Tj ET Q q 0 0 0 rg BT 364.09 435.70 Td (periods ) Tj ET Q q 0 0 0 rg BT 395.90 435.70 Td (ranging ) Tj ET Q q 0 0 0 rg BT 428.83 435.70 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.52 435.70 Td (one ) Tj ET Q q 0 0 0 rg BT 481.33 435.70 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.54 435.70 Td ( ) Tj ET Q q 0 0 0 rg BT 500.91 435.70 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.06 435.70 Td (three ) Tj ET Q q 0 0 0 rg BT 533.42 435.70 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.52 435.70 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 423.70 Td (For ) Tj ET Q q 0 0 0 rg BT 66.39 423.70 Td (the ) Tj ET Q q 0 0 0 rg BT 81.11 423.70 Td (year ) Tj ET Q q 0 0 0 rg BT 100.82 423.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.19 423.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 185.78 423.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.78 423.70 Td (, ) Tj ET Q q 0 0 0 rg BT 210.78 423.70 Td (the ) Tj ET Q q 0 0 0 rg BT 225.49 423.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 266.88 423.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 304.36 423.70 Td (amortization ) Tj ET Q q 0 0 0 rg BT 357.39 423.70 Td (expense ) Tj ET Q q 0 0 0 rg BT 392.10 423.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.93 423.70 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 422.93 423.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.82 423.70 Td ( ) Tj ET Q q 0 0 0 rg BT 454.32 423.70 Td (in ) Tj ET Q q 0 0 0 rg BT 464.60 423.70 Td (respect ) Tj ET Q q 0 0 0 rg BT 495.42 423.70 Td (of ) Tj ET Q q 0 0 0 rg BT 506.25 423.70 Td (these ) Tj ET Q q 0 0 0 rg BT 529.29 423.70 Td (assets. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 402.70 Td (The ) Tj ET Q q 0 0 0 rg BT 89.94 402.70 Td (total ) Tj ET Q q 0 0 0 rg BT 109.60 402.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 147.03 402.70 Td (included ) Tj ET Q q 0 0 0 rg BT 183.36 402.70 Td (at ) Tj ET Q q 0 0 0 rg BT 192.46 402.70 Td (the ) Tj ET Q q 0 0 0 rg BT 206.57 402.70 Td (date ) Tj ET Q q 0 0 0 rg BT 225.12 402.70 Td (of ) Tj ET Q q 0 0 0 rg BT 235.34 402.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 281.11 402.70 Td (an ) Tj ET Q q 0 0 0 rg BT 292.44 402.70 Td (escrow ) Tj ET Q q 0 0 0 rg BT 322.65 402.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 354.54 402.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.76 402.70 Td ($8.9 ) Tj ET Q q 0 0 0 rg BT 384.15 402.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.04 402.70 Td (, ) Tj ET Q q 0 0 0 rg BT 417.43 402.70 Td (which ) Tj ET Q q 0 0 0 rg BT 443.76 402.70 Td (is ) Tj ET Q q 0 0 0 rg BT 452.32 402.70 Td (held ) Tj ET Q q 0 0 0 rg BT 471.43 402.70 Td (by ) Tj ET Q q 0 0 0 rg BT 483.32 402.70 Td (a ) Tj ET Q q 0 0 0 rg BT 489.65 402.70 Td (third ) Tj ET Q q 0 0 0 rg BT 510.43 402.70 Td (party ) Tj ET Q q 0 0 0 rg BT 532.87 402.70 Td (agent, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 390.70 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 390.70 Td (may ) Tj ET Q q 0 0 0 rg BT 86.66 390.70 Td (be ) Tj ET Q q 0 0 0 rg BT 98.59 390.70 Td (used ) Tj ET Q q 0 0 0 rg BT 119.42 390.70 Td (to ) Tj ET Q q 0 0 0 rg BT 129.70 390.70 Td (cover ) Tj ET Q q 0 0 0 rg BT 154.41 390.70 Td (potential ) Tj ET Q q 0 0 0 rg BT 191.90 390.70 Td (post-closing ) Tj ET Q q 0 0 0 rg BT 243.29 390.70 Td (obligations ) Tj ET Q q 0 0 0 rg BT 290.23 390.70 Td (of ) Tj ET Q q 0 0 0 rg BT 301.06 390.70 Td (the ) Tj ET Q q 0 0 0 rg BT 315.78 390.70 Td (sellers. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 372.70 Td (In ) Tj ET Q q 0 0 0 rg BT 80.99 372.70 Td (addition, ) Tj ET Q q 0 0 0 rg BT 118.92 372.70 Td (under ) Tj ET Q q 0 0 0 rg BT 144.35 372.70 Td (the ) Tj ET Q q 0 0 0 rg BT 159.22 372.70 Td (terms ) Tj ET Q q 0 0 0 rg BT 184.09 372.70 Td (of ) Tj ET Q q 0 0 0 rg BT 195.08 372.70 Td (the ) Tj ET Q q 0 0 0 rg BT 209.96 372.70 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 250.65 372.70 Td (the ) Tj ET Q q 0 0 0 rg BT 265.53 372.70 Td (sellers ) Tj ET Q q 0 0 0 rg BT 293.73 372.70 Td (were ) Tj ET Q q 0 0 0 rg BT 315.82 372.70 Td (entitled ) Tj ET Q q 0 0 0 rg BT 348.46 372.70 Td (to ) Tj ET Q q 0 0 0 rg BT 358.90 372.70 Td (receive ) Tj ET Q q 0 0 0 rg BT 390.42 372.70 Td (a ) Tj ET Q q 0 0 0 rg BT 397.52 372.70 Td (post-closing ) Tj ET Q q 0 0 0 rg BT 449.06 372.70 Td (distribution ) Tj ET Q q 0 0 0 rg BT 497.83 372.70 Td (for ) Tj ET Q q 0 0 0 rg BT 512.15 372.70 Td (the ) Tj ET Q q 0 0 0 rg BT 527.02 372.70 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 360.70 Td (of ) Tj ET Q q 0 0 0 rg BT 65.73 360.70 Td (net ) Tj ET Q q 0 0 0 rg BT 80.35 360.70 Td (working ) Tj ET Q q 0 0 0 rg BT 116.08 360.70 Td (capital, ) Tj ET Q q 0 0 0 rg BT 147.64 360.70 Td (as ) Tj ET Q q 0 0 0 rg BT 158.37 360.70 Td (defined, ) Tj ET Q q 0 0 0 rg BT 193.26 360.70 Td (as ) Tj ET Q q 0 0 0 rg BT 203.99 360.70 Td (of ) Tj ET Q q 0 0 0 rg BT 214.72 360.70 Td (March ) Tj ET Q q 0 0 0 rg BT 243.22 360.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 258.13 360.70 Td (2015, ) Tj ET Q q 0 0 0 rg BT 283.03 360.70 Td (in ) Tj ET Q q 0 0 0 rg BT 293.21 360.70 Td (excess ) Tj ET Q q 0 0 0 rg BT 321.71 360.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.44 360.70 Td ($5.0 ) Tj ET Q q 0 0 0 rg BT 352.34 360.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.24 360.70 Td (. ) Tj ET Q q 0 0 0 rg BT 385.96 360.70 Td (The ) Tj ET Q q 0 0 0 rg BT 403.91 360.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 436.31 360.70 Td (distributable ) Tj ET Q q 0 0 0 rg BT 488.70 360.70 Td (to ) Tj ET Q q 0 0 0 rg BT 498.88 360.70 Td (the ) Tj ET Q q 0 0 0 rg BT 513.50 360.70 Td (sellers ) Tj ET Q q 0 0 0 rg BT 541.45 360.70 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 348.70 Td ($7.9 ) Tj ET Q q 0 0 0 rg BT 75.00 348.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.89 348.70 Td ( ) Tj ET Q q 0 0 0 rg BT 106.39 348.70 Td (and ) Tj ET Q q 0 0 0 rg BT 123.33 348.70 Td (was ) Tj ET Q q 0 0 0 rg BT 141.38 348.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 161.10 348.70 Td (in ) Tj ET Q q 0 0 0 rg BT 171.38 348.70 Td (full ) Tj ET Q q 0 0 0 rg BT 187.76 348.70 Td (as ) Tj ET Q q 0 0 0 rg BT 198.59 348.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.42 348.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 268.01 348.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.01 348.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 327.70 Td (The ) Tj ET Q q 0 0 0 rg BT 90.37 327.70 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 140.02 327.70 Td (was ) Tj ET Q q 0 0 0 rg BT 158.56 327.70 Td (treated ) Tj ET Q q 0 0 0 rg BT 188.74 327.70 Td (as ) Tj ET Q q 0 0 0 rg BT 200.05 327.70 Td (an ) Tj ET Q q 0 0 0 rg BT 212.48 327.70 Td (asset ) Tj ET Q q 0 0 0 rg BT 234.90 327.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 273.42 327.70 Td (for ) Tj ET Q q 0 0 0 rg BT 288.06 327.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 303.26 327.70 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 344.30 327.70 Td ( ) Tj ET Q q 0 0 0 rg BT 347.28 327.70 Td (Similar ) Tj ET Q q 0 0 0 rg BT 379.71 327.70 Td (to ) Tj ET Q q 0 0 0 rg BT 390.47 327.70 Td (the ) Tj ET Q q 0 0 0 rg BT 405.67 327.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 444.19 327.70 Td (accounting ) Tj ET Q q 0 0 0 rg BT 491.05 327.70 Td (method ) Tj ET Q q 0 0 0 rg BT 524.02 327.70 Td (used ) Tj ET Q q 0 0 0 rg BT 545.34 327.70 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.70 Td (book ) Tj ET Q q 0 0 0 rg BT 72.51 315.70 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 113.07 315.70 Td (the ) Tj ET Q q 0 0 0 rg BT 127.80 315.70 Td (excess ) Tj ET Q q 0 0 0 rg BT 156.41 315.70 Td (of ) Tj ET Q q 0 0 0 rg BT 167.25 315.70 Td (the ) Tj ET Q q 0 0 0 rg BT 181.98 315.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 220.03 315.70 Td (price ) Tj ET Q q 0 0 0 rg BT 242.53 315.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 262.25 315.70 Td (over ) Tj ET Q q 0 0 0 rg BT 282.53 315.70 Td (the ) Tj ET Q q 0 0 0 rg BT 297.26 315.70 Td (fair ) Tj ET Q q 0 0 0 rg BT 313.65 315.70 Td (value ) Tj ET Q q 0 0 0 rg BT 337.82 315.70 Td (of ) Tj ET Q q 0 0 0 rg BT 348.66 315.70 Td (the ) Tj ET Q q 0 0 0 rg BT 363.39 315.70 Td (net ) Tj ET Q q 0 0 0 rg BT 378.11 315.70 Td (assets ) Tj ET Q q 0 0 0 rg BT 403.96 315.70 Td (acquired ) Tj ET Q q 0 0 0 rg BT 440.89 315.70 Td (was ) Tj ET Q q 0 0 0 rg BT 458.95 315.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 496.44 315.70 Td (as ) Tj ET Q q 0 0 0 rg BT 507.28 315.70 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 545.35 315.70 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.63 303.70 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 104.93 303.70 Td (The ) Tj ET Q q 0 0 0 rg BT 122.89 303.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 155.30 303.70 Td (of ) Tj ET Q q 0 0 0 rg BT 166.05 303.70 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 204.02 303.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 241.42 303.70 Td (for ) Tj ET Q q 0 0 0 rg BT 255.49 303.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 270.13 303.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 308.10 303.70 Td (was ) Tj ET Q q 0 0 0 rg BT 326.07 303.70 Td (determined ) Tj ET Q q 0 0 0 rg BT 373.46 303.70 Td (based ) Tj ET Q q 0 0 0 rg BT 398.65 303.70 Td (on ) Tj ET Q q 0 0 0 rg BT 411.07 303.70 Td (the ) Tj ET Q q 0 0 0 rg BT 425.70 303.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 481.99 303.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 501.62 303.70 Td (at ) Tj ET Q q 0 0 0 rg BT 511.26 303.70 Td (closing ) Tj ET Q q 0 0 0 rg BT 542.56 303.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.70 Td (will ) Tj ET Q q 0 0 0 rg BT 67.41 291.70 Td (be ) Tj ET Q q 0 0 0 rg BT 78.70 291.70 Td (amortized ) Tj ET Q q 0 0 0 rg BT 120.53 291.70 Td (for ) Tj ET Q q 0 0 0 rg BT 134.04 291.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 148.11 291.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 185.51 291.70 Td (ratably ) Tj ET Q q 0 0 0 rg BT 215.12 291.70 Td (over ) Tj ET Q q 0 0 0 rg BT 234.74 291.70 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.03 291.70 Td (fifteen ) Tj ET Q q 0 0 0 rg BT 268.97 291.70 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.07 291.70 Td ( ) Tj ET Q q 0 0 0 rg BT 291.92 291.70 Td (year ) Tj ET Q q 0 0 0 rg BT 310.98 291.70 Td (period. ) Tj ET Q q 0 0 0 rg BT 340.88 291.70 Td ( ) Tj ET Q q 0 0 0 rg BT 342.73 291.70 Td (If ) Tj ET Q q 0 0 0 rg BT 351.24 291.70 Td (the ) Tj ET Q q 0 0 0 rg BT 365.31 291.70 Td (Earnout ) Tj ET Q q 0 0 0 rg BT 398.81 291.70 Td (is ) Tj ET Q q 0 0 0 rg BT 407.33 291.70 Td (achieved, ) Tj ET Q q 0 0 0 rg BT 447.22 291.70 Td (the ) Tj ET Q q 0 0 0 rg BT 461.28 291.70 Td (additional ) Tj ET Q q 0 0 0 rg BT 503.13 291.70 Td (consideration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 69.43 279.70 Td (will ) Tj ET Q q 0 0 0 rg BT 87.19 279.70 Td (also ) Tj ET Q q 0 0 0 rg BT 105.51 279.70 Td (be ) Tj ET Q q 0 0 0 rg BT 117.15 279.70 Td (treated ) Tj ET Q q 0 0 0 rg BT 146.56 279.70 Td (as ) Tj ET Q q 0 0 0 rg BT 157.10 279.70 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 194.87 279.70 Td (for ) Tj ET Q q 0 0 0 rg BT 208.74 279.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 223.16 279.70 Td (purposes ) Tj ET Q q 0 0 0 rg BT 260.92 279.70 Td (and ) Tj ET Q q 0 0 0 rg BT 277.57 279.70 Td (will ) Tj ET Q q 0 0 0 rg BT 295.33 279.70 Td (be ) Tj ET Q q 0 0 0 rg BT 306.98 279.70 Td (amortized ) Tj ET Q q 0 0 0 rg BT 349.17 279.70 Td (ratably ) Tj ET Q q 0 0 0 rg BT 379.14 279.70 Td (over ) Tj ET Q q 0 0 0 rg BT 399.12 279.70 Td (the ) Tj ET Q q 0 0 0 rg BT 413.55 279.70 Td (remainder ) Tj ET Q q 0 0 0 rg BT 456.29 279.70 Td (of ) Tj ET Q q 0 0 0 rg BT 466.82 279.70 Td (the ) Tj ET Q q 0 0 0 rg BT 481.25 279.70 Td (fifteen ) Tj ET Q q 0 0 0 rg BT 509.55 279.70 Td (year ) Tj ET Q q 0 0 0 rg BT 528.97 279.70 Td (period. ) Tj ET Q q 0 0 0 rg BT 559.51 279.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.70 Td (For ) Tj ET Q q 0 0 0 rg BT 66.04 267.70 Td (book ) Tj ET Q q 0 0 0 rg BT 88.18 267.70 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 128.38 267.70 Td (the ) Tj ET Q q 0 0 0 rg BT 142.74 267.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 157.11 267.70 Td (benefit ) Tj ET Q q 0 0 0 rg BT 187.02 267.70 Td (from ) Tj ET Q q 0 0 0 rg BT 208.60 267.70 Td (the ) Tj ET Q q 0 0 0 rg BT 222.96 267.70 Td (amortization ) Tj ET Q q 0 0 0 rg BT 275.65 267.70 Td (of ) Tj ET Q q 0 0 0 rg BT 286.12 267.70 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 323.83 267.70 Td (will ) Tj ET Q q 0 0 0 rg BT 341.53 267.70 Td (be ) Tj ET Q q 0 0 0 rg BT 353.11 267.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 390.23 267.70 Td (as ) Tj ET Q q 0 0 0 rg BT 400.71 267.70 Td (an ) Tj ET Q q 0 0 0 rg BT 412.29 267.70 Td (indefinite-lived ) Tj ET Q q 0 0 0 rg BT 476.09 267.70 Td (deferred ) Tj ET Q q 0 0 0 rg BT 511.54 267.70 Td (tax ) Tj ET Q q 0 0 0 rg BT 525.90 267.70 Td (liability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.70 Td (as ) Tj ET Q q 0 0 0 rg BT 60.83 255.70 Td (it ) Tj ET Q q 0 0 0 rg BT 68.89 255.70 Td (is ) Tj ET Q q 0 0 0 rg BT 78.06 255.70 Td (realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 234.70 Td (Consistent ) Tj ET Q q 0 0 0 rg BT 118.36 234.70 Td (with ) Tj ET Q q 0 0 0 rg BT 139.77 234.70 Td (the ) Tj ET Q q 0 0 0 rg BT 155.61 234.70 Td (Company's ) Tj ET Q q 0 0 0 rg BT 203.82 234.70 Td (normal ) Tj ET Q q 0 0 0 rg BT 235.78 234.70 Td (personnel ) Tj ET Q q 0 0 0 rg BT 278.29 234.70 Td (recruiting ) Tj ET Q q 0 0 0 rg BT 320.79 234.70 Td (policies, ) Tj ET Q q 0 0 0 rg BT 358.02 234.70 Td (and ) Tj ET Q q 0 0 0 rg BT 376.09 234.70 Td (in ) Tj ET Q q 0 0 0 rg BT 387.50 234.70 Td (order ) Tj ET Q q 0 0 0 rg BT 412.23 234.70 Td (to ) Tj ET Q q 0 0 0 rg BT 423.64 234.70 Td (provide ) Tj ET Q q 0 0 0 rg BT 457.81 234.70 Td (long ) Tj ET Q q 0 0 0 rg BT 479.22 234.70 Td (term ) Tj ET Q q 0 0 0 rg BT 501.18 234.70 Td (incentives ) Tj ET Q q 0 0 0 rg BT 545.35 234.70 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.70 Td (retention ) Tj ET Q q 0 0 0 rg BT 88.26 222.70 Td (and ) Tj ET Q q 0 0 0 rg BT 105.42 222.70 Td (continued ) Tj ET Q q 0 0 0 rg BT 147.57 222.70 Td (strong ) Tj ET Q q 0 0 0 rg BT 175.29 222.70 Td (performance, ) Tj ET Q q 0 0 0 rg BT 231.03 222.70 Td (the ) Tj ET Q q 0 0 0 rg BT 245.97 222.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 287.57 222.70 Td (also ) Tj ET Q q 0 0 0 rg BT 306.40 222.70 Td (granted ) Tj ET Q q 0 0 0 rg BT 339.10 222.70 Td (restricted ) Tj ET Q q 0 0 0 rg BT 379.02 222.70 Td (stock ) Tj ET Q q 0 0 0 rg BT 402.85 222.70 Td (units ) Tj ET Q q 0 0 0 rg BT 425.02 222.70 Td (and ) Tj ET Q q 0 0 0 rg BT 442.17 222.70 Td (other ) Tj ET Q q 0 0 0 rg BT 465.44 222.70 Td (deferred ) Tj ET Q q 0 0 0 rg BT 501.46 222.70 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.70 Td (awards ) Tj ET Q q 0 0 0 rg BT 80.52 210.70 Td (to ) Tj ET Q q 0 0 0 rg BT 90.50 210.70 Td (a ) Tj ET Q q 0 0 0 rg BT 97.14 210.70 Td (number ) Tj ET Q q 0 0 0 rg BT 129.88 210.70 Td (of ) Tj ET Q q 0 0 0 rg BT 140.41 210.70 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 171.50 210.70 Td (employees, ) Tj ET Q q 0 0 0 rg BT 218.96 210.70 Td (subject ) Tj ET Q q 0 0 0 rg BT 249.49 210.70 Td (to ) Tj ET Q q 0 0 0 rg BT 259.47 210.70 Td (continued ) Tj ET Q q 0 0 0 rg BT 301.10 210.70 Td (employment. ) Tj ET Q q 0 0 0 rg BT 355.79 210.70 Td ( ) Tj ET Q q 0 0 0 rg BT 357.83 210.70 Td (The ) Tj ET Q q 0 0 0 rg BT 375.58 210.70 Td (awards ) Tj ET Q q 0 0 0 rg BT 406.10 210.70 Td (will ) Tj ET Q q 0 0 0 rg BT 423.85 210.70 Td (generally ) Tj ET Q q 0 0 0 rg BT 463.25 210.70 Td (vest ) Tj ET Q q 0 0 0 rg BT 481.56 210.70 Td (on ) Tj ET Q q 0 0 0 rg BT 493.76 210.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.18 210.70 Td (third) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.06 210.70 Td ( ) Tj ET Q q 0 0 0 rg BT 529.26 210.70 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.79 210.70 Td (fifth) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.01 210.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.70 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 98.99 198.70 Td (of ) Tj ET Q q 0 0 0 rg BT 109.66 198.70 Td (the ) Tj ET Q q 0 0 0 rg BT 124.22 198.70 Td (closing. ) Tj ET Q q 0 0 0 rg BT 157.95 198.70 Td ( ) Tj ET Q q 0 0 0 rg BT 160.12 198.70 Td (The ) Tj ET Q q 0 0 0 rg BT 178.01 198.70 Td (awards ) Tj ET Q q 0 0 0 rg BT 208.68 198.70 Td (have ) Tj ET Q q 0 0 0 rg BT 229.90 198.70 Td (not ) Tj ET Q q 0 0 0 rg BT 245.02 198.70 Td (been ) Tj ET Q q 0 0 0 rg BT 266.24 198.70 Td (recorded ) Tj ET Q q 0 0 0 rg BT 303.56 198.70 Td (as ) Tj ET Q q 0 0 0 rg BT 314.23 198.70 Td (a ) Tj ET Q q 0 0 0 rg BT 321.01 198.70 Td (component ) Tj ET Q q 0 0 0 rg BT 367.79 198.70 Td (of ) Tj ET Q q 0 0 0 rg BT 378.46 198.70 Td (the ) Tj ET Q q 0 0 0 rg BT 393.02 198.70 Td (purchase ) Tj ET Q q 0 0 0 rg BT 430.90 198.70 Td (price ) Tj ET Q q 0 0 0 rg BT 453.23 198.70 Td (and ) Tj ET Q q 0 0 0 rg BT 470.01 198.70 Td (will ) Tj ET Q q 0 0 0 rg BT 487.91 198.70 Td (be ) Tj ET Q q 0 0 0 rg BT 499.69 198.70 Td (expensed ) Tj ET Q q 0 0 0 rg BT 539.24 198.70 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.70 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 186.70 Td (service ) Tj ET Q q 0 0 0 rg BT 95.53 186.70 Td (period ) Tj ET Q q 0 0 0 rg BT 123.58 186.70 Td (during ) Tj ET Q q 0 0 0 rg BT 152.19 186.70 Td (which ) Tj ET Q q 0 0 0 rg BT 179.13 186.70 Td (they ) Tj ET Q q 0 0 0 rg BT 198.84 186.70 Td (are ) Tj ET Q q 0 0 0 rg BT 213.55 186.70 Td (earned. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 165.70 Td (Set ) Tj ET Q q 0 0 0 rg BT 87.86 165.70 Td (forth ) Tj ET Q q 0 0 0 rg BT 109.89 165.70 Td (below ) Tj ET Q q 0 0 0 rg BT 136.91 165.70 Td (are ) Tj ET Q q 0 0 0 rg BT 151.70 165.70 Td (the ) Tj ET Q q 0 0 0 rg BT 166.51 165.70 Td (Company's ) Tj ET Q q 0 0 0 rg BT 213.67 165.70 Td (summary ) Tj ET Q q 0 0 0 rg BT 253.47 165.70 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 295.49 165.70 Td (pro ) Tj ET Q q 0 0 0 rg BT 311.41 165.70 Td (forma ) Tj ET Q q 0 0 0 rg BT 337.87 165.70 Td (results ) Tj ET Q q 0 0 0 rg BT 366.56 165.70 Td (of ) Tj ET Q q 0 0 0 rg BT 377.48 165.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 421.72 165.70 Td (for ) Tj ET Q q 0 0 0 rg BT 435.97 165.70 Td (the ) Tj ET Q q 0 0 0 rg BT 450.77 165.70 Td (years ) Tj ET Q q 0 0 0 rg BT 474.45 165.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.92 165.70 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 153.70 Td ( ) Tj ET Q q 0 0 0 rg BT 71.89 153.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.22 153.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.22 153.70 Td (. ) Tj ET Q q 0 0 0 rg BT 112.47 153.70 Td (The ) Tj ET Q q 0 0 0 rg BT 129.91 153.70 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 171.23 153.70 Td (pro ) Tj ET Q q 0 0 0 rg BT 186.45 153.70 Td (forma ) Tj ET Q q 0 0 0 rg BT 212.22 153.70 Td (results ) Tj ET Q q 0 0 0 rg BT 240.21 153.70 Td (of ) Tj ET Q q 0 0 0 rg BT 250.43 153.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 293.98 153.70 Td (for ) Tj ET Q q 0 0 0 rg BT 307.53 153.70 Td (the ) Tj ET Q q 0 0 0 rg BT 321.64 153.70 Td (year ) Tj ET Q q 0 0 0 rg BT 340.73 153.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.50 153.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 424.47 153.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.47 153.70 Td ( ) Tj ET Q q 0 0 0 rg BT 446.36 153.70 Td (include ) Tj ET Q q 0 0 0 rg BT 477.69 153.70 Td (the ) Tj ET Q q 0 0 0 rg BT 491.79 153.70 Td (historical ) Tj ET Q q 0 0 0 rg BT 530.89 153.70 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.70 Td (of ) Tj ET Q q 0 0 0 rg BT 60.85 141.70 Td (the ) Tj ET Q q 0 0 0 rg BT 75.60 141.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 117.01 141.70 Td (and ) Tj ET Q q 0 0 0 rg BT 133.97 141.70 Td (give ) Tj ET Q q 0 0 0 rg BT 153.71 141.70 Td (ef) Tj ET Q q 0 0 0 rg BT 161.30 141.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 178.81 141.70 Td (to ) Tj ET Q q 0 0 0 rg BT 189.11 141.70 Td (the ) Tj ET Q q 0 0 0 rg BT 203.30 141.70 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 252.48 141.70 Td (as ) Tj ET Q q 0 0 0 rg BT 263.34 141.70 Td (if ) Tj ET Q q 0 0 0 rg BT 271.97 141.70 Td (it ) Tj ET Q q 0 0 0 rg BT 280.05 141.70 Td (had ) Tj ET Q q 0 0 0 rg BT 297.02 141.70 Td (occurred ) Tj ET Q q 0 0 0 rg BT 334.52 141.70 Td (on ) Tj ET Q q 0 0 0 rg BT 347.04 141.70 Td (January ) Tj ET Q q 0 0 0 rg BT 380.66 141.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 390.69 141.70 Td (2015. ) Tj ET Q q 0 0 0 rg BT 415.53 141.70 Td (These ) Tj ET Q q 0 0 0 rg BT 441.93 141.70 Td (pro ) Tj ET Q q 0 0 0 rg BT 457.79 141.70 Td (forma ) Tj ET Q q 0 0 0 rg BT 484.19 141.70 Td (results ) Tj ET Q q 0 0 0 rg BT 512.82 141.70 Td (include ) Tj ET Q q 0 0 0 rg BT 544.78 141.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.70 Td (actual ) Tj ET Q q 0 0 0 rg BT 75.78 129.70 Td (results ) Tj ET Q q 0 0 0 rg BT 103.79 129.70 Td (of ) Tj ET Q q 0 0 0 rg BT 114.03 129.70 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 144.82 129.70 Td (from ) Tj ET Q q 0 0 0 rg BT 166.17 129.70 Td (January ) Tj ET Q q 0 0 0 rg BT 199.17 129.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 208.58 129.70 Td (2015 ) Tj ET Q q 0 0 0 rg BT 230.49 129.70 Td (through ) Tj ET Q q 0 0 0 rg BT 263.50 129.70 Td (March ) Tj ET Q q 0 0 0 rg BT 291.51 129.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 305.92 129.70 Td (2015. ) Tj ET Q q 0 0 0 rg BT 330.32 129.70 Td ( ) Tj ET Q q 0 0 0 rg BT 332.23 129.70 Td (For ) Tj ET Q q 0 0 0 rg BT 348.03 129.70 Td (the ) Tj ET Q q 0 0 0 rg BT 362.15 129.70 Td (period ) Tj ET Q q 0 0 0 rg BT 389.18 129.70 Td (April ) Tj ET Q q 0 0 0 rg BT 412.20 129.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 421.61 129.70 Td (2015 ) Tj ET Q q 0 0 0 rg BT 443.51 129.70 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.53 129.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 534.52 129.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.52 129.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.70 Td (Cogent's ) Tj ET Q q 0 0 0 rg BT 87.08 117.70 Td (results ) Tj ET Q q 0 0 0 rg BT 115.69 117.70 Td (were ) Tj ET Q q 0 0 0 rg BT 137.62 117.70 Td (included ) Tj ET Q q 0 0 0 rg BT 174.55 117.70 Td (in ) Tj ET Q q 0 0 0 rg BT 184.83 117.70 Td (the ) Tj ET Q q 0 0 0 rg BT 199.55 117.70 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 252.59 117.70 Td (results ) Tj ET Q q 0 0 0 rg BT 281.20 117.70 Td (of ) Tj ET Q q 0 0 0 rg BT 292.03 117.70 Td (the ) Tj ET Q q 0 0 0 rg BT 306.74 117.70 Td (Company) Tj ET Q q 0 0 0 rg BT 344.98 117.70 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 96.70 Td (The ) Tj ET Q q 0 0 0 rg BT 90.87 96.70 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 133.13 96.70 Td (results ) Tj ET Q q 0 0 0 rg BT 162.06 96.70 Td (of ) Tj ET Q q 0 0 0 rg BT 173.21 96.70 Td (operations ) Tj ET Q q 0 0 0 rg BT 217.69 96.70 Td (for ) Tj ET Q q 0 0 0 rg BT 232.17 96.70 Td (the ) Tj ET Q q 0 0 0 rg BT 247.21 96.70 Td (year ) Tj ET Q q 0 0 0 rg BT 267.24 96.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.94 96.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 352.84 96.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.84 96.70 Td ( ) Tj ET Q q 0 0 0 rg BT 375.66 96.70 Td (include ) Tj ET Q q 0 0 0 rg BT 407.92 96.70 Td (the ) Tj ET Q q 0 0 0 rg BT 422.96 96.70 Td (historical ) Tj ET Q q 0 0 0 rg BT 462.99 96.70 Td (results ) Tj ET Q q 0 0 0 rg BT 491.92 96.70 Td (of ) Tj ET Q q 0 0 0 rg BT 503.08 96.70 Td (the ) Tj ET Q q 0 0 0 rg BT 518.12 96.70 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 84.70 Td (and ) Tj ET Q q 0 0 0 rg BT 67.47 84.70 Td (give ) Tj ET Q q 0 0 0 rg BT 87.72 84.70 Td (ef) Tj ET Q q 0 0 0 rg BT 95.31 84.70 Td (fect ) Tj ET Q q 0 0 0 rg BT 113.32 84.70 Td (to ) Tj ET Q q 0 0 0 rg BT 124.13 84.70 Td (the ) Tj ET Q q 0 0 0 rg BT 138.71 84.70 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 188.41 84.70 Td (as ) Tj ET Q q 0 0 0 rg BT 199.77 84.70 Td (if ) Tj ET Q q 0 0 0 rg BT 208.91 84.70 Td (it ) Tj ET Q q 0 0 0 rg BT 217.50 84.70 Td (had ) Tj ET Q q 0 0 0 rg BT 234.97 84.70 Td (occurred ) Tj ET Q q 0 0 0 rg BT 272.97 84.70 Td (on ) Tj ET Q q 0 0 0 rg BT 286.00 84.70 Td (January ) Tj ET Q q 0 0 0 rg BT 320.13 84.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 330.66 84.70 Td (2014. ) Tj ET Q q 0 0 0 rg BT 355.98 84.70 Td (These ) Tj ET Q q 0 0 0 rg BT 382.88 84.70 Td (pro ) Tj ET Q q 0 0 0 rg BT 399.25 84.70 Td (forma ) Tj ET Q q 0 0 0 rg BT 426.15 84.70 Td (amounts ) Tj ET Q q 0 0 0 rg BT 463.07 84.70 Td (include ) Tj ET Q q 0 0 0 rg BT 495.54 84.70 Td (Cogent's ) Tj ET Q q 0 0 0 rg BT 533.15 84.70 Td (actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 72.70 Td (results ) Tj ET Q q 0 0 0 rg BT 78.61 72.70 Td (for ) Tj ET Q q 0 0 0 rg BT 92.77 72.70 Td (the ) Tj ET Q q 0 0 0 rg BT 107.49 72.70 Td (year ) Tj ET Q q 0 0 0 rg BT 127.19 72.70 Td (ended ) Tj ET Q q 0 0 0 rg BT 153.57 72.70 Td (December ) Tj ET Q q 0 0 0 rg BT 197.15 72.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 212.15 72.70 Td (2014. ) Tj ET Q q 0 0 0 rg BT 237.15 72.70 Td ( ) Tj ET Q q 0 0 0 rg BT 239.65 72.70 Td (See ) Tj ET Q q 0 0 0 rg BT 256.59 72.70 Td ("Note ) Tj ET Q q 0 0 0 rg BT 282.61 72.70 Td (1) Tj ET Q q 0 0 0 rg BT 287.24 72.70 Td (1 ) Tj ET Q q 0 0 0 rg BT 294.74 72.70 Td ( ) Tj ET Q q 0 0 0 rg BT 307.24 72.70 Td (Equity" ) Tj ET Q q 0 0 0 rg BT 340.49 72.70 Td (and ) Tj ET Q q 0 0 0 rg BT 357.43 72.70 Td ("Note ) Tj ET Q q 0 0 0 rg BT 383.45 72.70 Td (12 ) Tj ET Q q 0 0 0 rg BT 395.95 72.70 Td ( ) Tj ET Q q 0 0 0 rg BT 408.45 72.70 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 446.49 72.70 Td (per ) Tj ET Q q 0 0 0 rg BT 461.76 72.70 Td (Share".) Tj ET Q endstream endobj 165 0 obj <> endobj 166 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 742.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.39 742.10 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 132.18 742.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 147.85 742.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 174.08 742.10 Td (results ) Tj ET Q q 0 0 0 rg BT 202.53 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.21 742.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 257.21 742.10 Td (do ) Tj ET Q q 0 0 0 rg BT 269.56 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 284.69 742.10 Td (purport ) Tj ET Q q 0 0 0 rg BT 316.47 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.60 742.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 365.59 742.10 Td (what ) Tj ET Q q 0 0 0 rg BT 387.38 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.94 742.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 448.87 742.10 Td (results ) Tj ET Q q 0 0 0 rg BT 477.33 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.01 742.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 532.01 742.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (actually ) Tj ET Q q 0 0 0 rg BT 84.65 730.10 Td (have ) Tj ET Q q 0 0 0 rg BT 106.52 730.10 Td (been ) Tj ET Q q 0 0 0 rg BT 128.40 730.10 Td (had ) Tj ET Q q 0 0 0 rg BT 145.83 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.39 730.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 210.05 730.10 Td (occurred ) Tj ET Q q 0 0 0 rg BT 248.02 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 261.02 730.10 Td (January ) Tj ET Q q 0 0 0 rg BT 295.12 730.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 305.62 730.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 328.62 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.94 730.10 Td (January ) Tj ET Q q 0 0 0 rg BT 374.04 730.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 384.54 730.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 410.04 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 421.36 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.58 730.10 Td (case ) Tj ET Q q 0 0 0 rg BT 456.78 730.10 Td (may ) Tj ET Q q 0 0 0 rg BT 477.00 730.10 Td (be, ) Tj ET Q q 0 0 0 rg BT 491.94 730.10 Td (or ) Tj ET Q q 0 0 0 rg BT 503.26 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.04 730.10 Td (project ) Tj ET Q q 0 0 0 rg BT 544.80 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 96.86 718.10 Td (results ) Tj ET Q q 0 0 0 rg BT 125.25 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.86 718.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 179.79 718.10 Td (for ) Tj ET Q q 0 0 0 rg BT 193.73 718.10 Td (any ) Tj ET Q q 0 0 0 rg BT 210.45 718.10 Td (future ) Tj ET Q q 0 0 0 rg BT 236.60 718.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 266.93 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.71 718.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 297.64 718.10 Td (future ) Tj ET Q q 0 0 0 rg BT 323.80 718.10 Td (results ) Tj ET Q q 0 0 0 rg BT 352.19 718.10 Td (may ) Tj ET Q q 0 0 0 rg BT 371.68 718.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 391.73 718.10 Td (considerably ) Tj ET Q q 0 0 0 rg BT 445.10 718.10 Td (based ) Tj ET Q q 0 0 0 rg BT 470.15 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 482.43 718.10 Td (a ) Tj ET Q q 0 0 0 rg BT 489.15 718.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 519.19 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.80 718.10 Td (factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (beyond ) Tj ET Q q 0 0 0 rg BT 81.94 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.66 706.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 143.74 706.10 Td (control.) Tj ET Q 1 1 1 rg /GS0 gs 49.50 632.60 384.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 618.60 384.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 618.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 618.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 618.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 618.60 60.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 604.60 384.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 49.50 590.60 384.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 433.50 590.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 437.50 590.60 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 497.50 590.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 501.50 590.60 60.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 49.50 576.60 384.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 662.6 m 497.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 662.6 m 561.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 662.6 m 497.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 632.6 m 497.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497.5 632.6 m 501.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 662.6 m 561.5 662.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 632.6 m 561.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 632.6 m 497.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 618.6 m 497.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 632.6 m 561.5 632.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 618.6 m 561.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 437.5 618.6 m 497.5 618.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 501.5 618.6 m 561.5 618.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 445.75 687.68 Td (For the Years Ended December) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 494.00 679.68 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 459.00 666.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 523.00 666.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 449.90 644.83 Td (\(in millions, except per share) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 461.95 636.83 Td (amounts\) \(unaudited\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 446.95 622.83 Td (\(pro forma\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 510.95 622.83 Td (\(pro forma\)) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.00 609.51 Td (Revenues) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 440.00 609.36 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 472.25 609.36 Td (272.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 504.00 609.16 Td ($) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 536.25 609.16 Td (321.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 595.17 Td (Income before taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 595.17 Td (45.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 595.17 Td (79.0) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 52.00 581.51 Td (Net income allocated to common stockholders) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 477.00 581.16 Td (26.8) Tj ET Q BT /F1 9.50 Tf ET q 0 0 0 rg BT 541.00 581.16 Td (50.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 567.17 Td (Diluted earnings per share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.00 567.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.15 567.17 Td (0.84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.00 567.17 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 567.17 Td (1.63) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 539.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.68 539.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 106.65 539.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 133.16 539.10 Td (results ) Tj ET Q q 0 0 0 rg BT 161.91 539.10 Td (include ) Tj ET Q q 0 0 0 rg BT 193.97 539.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 206.05 539.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 264.23 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.30 539.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 315.59 539.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 350.43 539.10 Td (based ) Tj ET Q q 0 0 0 rg BT 375.84 539.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 398.47 539.10 Td (a ) Tj ET Q q 0 0 0 rg BT 405.55 539.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 426.51 539.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.48 539.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 495.65 539.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.07 539.10 Td (total ) Tj ET Q q 0 0 0 rg BT 526.48 539.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.88 527.10 Td (54%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.21 527.10 Td (, ) Tj ET Q q 0 0 0 rg BT 84.27 527.10 Td (which ) Tj ET Q q 0 0 0 rg BT 111.26 527.10 Td (was ) Tj ET Q q 0 0 0 rg BT 129.36 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.13 527.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 170.56 527.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 228.65 527.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 249.53 527.10 Td (used ) Tj ET Q q 0 0 0 rg BT 270.41 527.10 Td (by ) Tj ET Q q 0 0 0 rg BT 282.96 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.73 527.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 339.17 527.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.50 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.27 527.10 Td (pro ) Tj ET Q q 0 0 0 rg BT 380.16 527.10 Td (forma ) Tj ET Q q 0 0 0 rg BT 406.59 527.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 438.58 527.10 Td (presented, ) Tj ET Q q 0 0 0 rg BT 481.95 527.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 496.71 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.48 527.10 Td (amortization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.18 515.10 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 109.56 515.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 152.40 515.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 178.57 515.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.75 515.10 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 223.98 515.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 241.83 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.89 515.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 298.06 515.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 330.34 515.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 365.39 515.10 Td (related ) Tj ET Q q 0 0 0 rg BT 395.44 515.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.06 515.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.13 515.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 443.41 515.10 Td (term ) Tj ET Q q 0 0 0 rg BT 464.58 515.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 484.65 515.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 533.05 515.10 Td (used ) Tj ET Q q 0 0 0 rg BT 554.22 515.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 503.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 70.69 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.75 503.10 Td (Acquisition, ) Tj ET Q q 0 0 0 rg BT 136.28 503.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 153.09 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.67 503.10 Td (elimination ) Tj ET Q q 0 0 0 rg BT 215.58 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.28 503.10 Td (non-recurring ) Tj ET Q q 0 0 0 rg BT 283.62 503.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 317.63 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.43 503.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 369.00 503.10 Td (items ) Tj ET Q q 0 0 0 rg BT 393.03 503.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.73 503.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 434.98 503.10 Td (which ) Tj ET Q q 0 0 0 rg BT 461.78 503.10 Td (were ) Tj ET Q q 0 0 0 rg BT 483.57 503.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 516.48 503.10 Td (attributable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.28 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.22 491.10 Td (Acquisition, ) Tj ET Q q 0 0 0 rg BT 128.89 491.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.83 491.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 161.99 491.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.70 491.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 219.52 491.10 Td (income ) Tj ET Q q 0 0 0 rg BT 252.46 491.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 268.17 491.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 303.88 491.10 Td (related ) Tj ET Q q 0 0 0 rg BT 334.58 491.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.86 491.10 Td (Cogent's ) Tj ET Q q 0 0 0 rg BT 383.94 491.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 424.65 491.10 Td (earnings, ) Tj ET Q q 0 0 0 rg BT 464.53 491.10 Td (which ) Tj ET Q q 0 0 0 rg BT 492.47 491.10 Td (as ) Tj ET Q q 0 0 0 rg BT 504.30 491.10 Td (a ) Tj ET Q q 0 0 0 rg BT 512.24 491.10 Td (result ) Tj ET Q q 0 0 0 rg BT 537.95 491.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 491.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 479.10 Td (Acquisition, ) Tj ET Q q 0 0 0 rg BT 101.67 479.10 Td (will ) Tj ET Q q 0 0 0 rg BT 119.72 479.10 Td (be ) Tj ET Q q 0 0 0 rg BT 131.66 479.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 162.49 479.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.76 479.10 Td (income ) Tj ET Q q 0 0 0 rg BT 204.70 479.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 219.41 479.10 Td (at ) Tj ET Q q 0 0 0 rg BT 229.13 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.85 479.10 Td (ef) Tj ET Q q 0 0 0 rg BT 251.44 479.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 281.14 479.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 295.85 479.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 313.34 479.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.17 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.89 479.10 Td (Company) Tj ET Q q 0 0 0 rg BT 377.12 479.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (Note4 Cash and Cash Equivalents) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 210.03 455.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 431.10 Td (The carrying values of the Company's cash and cash equivalents are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 381.60 393.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 381.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 381.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 381.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 351.60 393.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 351.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 351.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 351.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 321.60 393.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 321.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 321.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 321.60 58.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 407.6 m 500.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 407.6 m 504.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 407.6 m 562.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 407.6 m 500.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 394.6 m 500.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 407.6 m 562.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 394.6 m 562.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 321.6 m 500.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 321.6 m 562.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 307.6 m 500.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 305.6 m 500.5 305.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 321.6 m 562.5 321.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 307.6 m 562.5 307.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 305.6 m 562.5 305.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.45 411.83 Td (As of December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.50 398.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 525.00 398.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.15 385.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 372.17 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 371.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 371.27 Td (59,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 371.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 371.27 Td (35,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 357.17 Td (Cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 356.27 Td (5,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 356.27 Td (8,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 342.17 Td (Restricted cash - deferred compensation plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.65 341.27 Td (117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 341.27 Td (498) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 327.17 Td (Restricted cash - letters of credit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 326.27 Td (4,629) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 326.27 Td (5,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 312.17 Td (Total cash and cash equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 311.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 311.27 Td (69,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 311.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 311.27 Td (50,940) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 283.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.03 283.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 125.32 283.10 Td (value ) Tj ET Q q 0 0 0 rg BT 148.95 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.26 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.46 283.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 220.02 283.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 239.77 283.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 287.29 283.10 Td (approximates ) Tj ET Q q 0 0 0 rg BT 343.14 283.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 358.99 283.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 385.13 283.10 Td ( ) Tj ET Q q 0 0 0 rg BT 387.11 283.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 409.09 283.10 Td (is ) Tj ET Q q 0 0 0 rg BT 417.74 283.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 456.92 283.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.56 283.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.75 283.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 513.95 283.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.26 283.10 Td (Greenhill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.10 Td (Australia's ) Tj ET Q q 0 0 0 rg BT 94.94 271.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 130.83 271.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 188.96 271.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 211.26 271.10 Td (which ) Tj ET Q q 0 0 0 rg BT 238.29 271.10 Td (will ) Tj ET Q q 0 0 0 rg BT 256.43 271.10 Td (be ) Tj ET Q q 0 0 0 rg BT 268.46 271.10 Td (distributed ) Tj ET Q q 0 0 0 rg BT 313.82 271.10 Td (over ) Tj ET Q q 0 0 0 rg BT 334.17 271.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.20 271.10 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.20 271.10 Td (year ) Tj ET Q q 0 0 0 rg BT 368.49 271.10 Td (period ) Tj ET Q q 0 0 0 rg BT 396.62 271.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 426.43 271.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.79 271.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 461.31 271.10 Td (A) Tj ET Q q 0 0 0 rg BT 467.98 271.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.57 271.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 506.46 271.10 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 83.64 259.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 116.71 259.10 Td (to ) Tj ET Q q 0 0 0 rg BT 127.01 259.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.76 259.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 161.50 259.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.36 259.10 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 192.39 259.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.28 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.81 259.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.78 259.10 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 260.81 259.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.70 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.23 259.10 Td (as ) Tj ET Q q 0 0 0 rg BT 303.08 259.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.94 259.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 372.55 259.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.55 259.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.08 259.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.05 259.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.05 259.10 Td (, ) Tj ET Q q 0 0 0 rg BT 437.08 259.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 484.74 259.10 Td (, ) Tj ET Q q 0 0 0 rg BT 489.77 259.10 Td (has ) Tj ET Q q 0 0 0 rg BT 505.63 259.10 Td (been ) Tj ET Q q 0 0 0 rg BT 527.03 259.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 247.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 247.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 130.26 247.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 174.97 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.80 247.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 223.28 247.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 263.55 247.10 Td (as ) Tj ET Q q 0 0 0 rg BT 274.38 247.10 Td (a ) Tj ET Q q 0 0 0 rg BT 281.32 247.10 Td (component ) Tj ET Q q 0 0 0 rg BT 328.26 247.10 Td (of ) Tj ET Q q 0 0 0 rg BT 339.09 247.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 397.13 247.10 Td (payable. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 223.10 Td (Letters ) Tj ET Q q 0 0 0 rg BT 102.76 223.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.59 223.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 138.86 223.10 Td (were ) Tj ET Q q 0 0 0 rg BT 160.79 223.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 193.82 223.10 Td (by ) Tj ET Q q 0 0 0 rg BT 206.32 223.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 226.59 223.10 Td (held ) Tj ET Q q 0 0 0 rg BT 246.31 223.10 Td (on ) Tj ET Q q 0 0 0 rg BT 258.81 223.10 Td (deposit. ) Tj ET Q q 0 0 0 rg BT 292.70 223.10 Td ( ) Tj ET Q q 0 0 0 rg BT 295.20 223.10 Td (See ) Tj ET Q q 0 0 0 rg BT 312.13 223.10 Td (") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.22 223.10 Td (Note15 ) Tj ET Q q 0 0 0 rg BT 363.15 223.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 422.32 223.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.26 223.10 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.47 223.10 Td (".) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 199.10 Td (Note5 Investments) Tj ET Q BT /F2 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.50 182.10 Td (Merchant Banking Funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 165.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.44 165.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 142.96 165.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.96 165.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.41 165.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.28 165.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 207.22 165.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.88 165.10 Td (Company) Tj ET Q q 0 0 0 rg BT 263.55 165.10 Td (s ) Tj ET Q q 0 0 0 rg BT 269.88 165.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 320.09 165.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 350.31 165.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.08 165.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 411.30 165.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.51 165.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 451.16 165.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 495.81 165.10 Td (sponsored ) Tj ET Q q 0 0 0 rg BT 538.81 165.10 Td (merchant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 153.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 83.88 153.10 Td (funds: ) Tj ET Q q 0 0 0 rg BT 111.04 153.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 150.97 153.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 182.01 153.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 216.94 153.10 Td (\(GCP) Tj ET Q q 0 0 0 rg BT 243.79 153.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.95 153.10 Td (I\) ) Tj ET Q q 0 0 0 rg BT 259.21 153.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.82 153.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 315.74 153.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 346.79 153.10 Td (Partners ) Tj ET Q q 0 0 0 rg BT 381.72 153.10 Td (II ) Tj ET Q q 0 0 0 rg BT 390.54 153.10 Td (\(GCP) Tj ET Q q 0 0 0 rg BT 417.39 153.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.55 153.10 Td (II\) ) Tj ET Q q 0 0 0 rg BT 436.14 153.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.74 153.10 Td (an ) Tj ET Q q 0 0 0 rg BT 464.34 153.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 495.94 153.10 Td (in ) Tj ET Q q 0 0 0 rg BT 505.88 153.10 Td (Barrow ) Tj ET Q q 0 0 0 rg BT 538.03 153.10 Td (Street ) Tj ET Q q 0 0 0 rg BT 563.52 153.10 Td (III, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 141.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.44 141.10 Td (real ) Tj ET Q q 0 0 0 rg BT 73.92 141.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 99.19 141.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 145.57 141.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 166.40 141.10 Td (\("Barrow ) Tj ET Q q 0 0 0 rg BT 206.30 141.10 Td (Street"\). ) Tj ET Q q 0 0 0 rg BT 242.04 141.10 Td ( ) Tj ET Q q 0 0 0 rg BT 243.99 141.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.49 141.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 315.07 141.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.07 141.10 Td (, ) Tj ET Q q 0 0 0 rg BT 340.07 141.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.79 141.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 396.17 141.10 Td (had ) Tj ET Q q 0 0 0 rg BT 413.11 141.10 Td (no ) Tj ET Q q 0 0 0 rg BT 425.61 141.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 468.66 141.10 Td (unfunded ) Tj ET Q q 0 0 0 rg BT 508.92 141.10 Td (commitments.) Tj ET Q endstream endobj 167 0 obj <> endobj 168 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 730.10 Td (The carrying value of the Company) Tj ET Q q 0 0 0 rg BT 218.73 730.10 Td (s investments are as follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 680.60 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 680.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.50 680.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 680.60 47.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 71.50 665.60 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 71.50 650.60 395.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 466.50 650.60 58.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 524.50 650.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 528.50 650.60 47.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 71.50 635.60 395.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 706.6 m 524.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524.5 706.6 m 528.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528.5 706.6 m 575.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 706.6 m 524.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 693.6 m 524.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 524.5 693.6 m 528.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528.5 706.6 m 575.5 706.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528.5 693.6 m 575.5 693.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 635.6 m 524.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528.5 635.6 m 575.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 635.6 m 524.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 621.6 m 524.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 466.5 619.6 m 524.5 619.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528.5 635.6 m 575.5 635.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528.5 621.6 m 575.5 621.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 528.5 619.6 m 575.5 619.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.45 710.83 Td (As of December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 487.00 697.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 543.50 697.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 496.15 684.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 671.17 Td (Investment in GCP I) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 670.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 670.27 Td (1,105) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.00 670.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 670.27 Td (1,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 656.17 Td (Investment in GCP II) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.65 655.27 Td (785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.65 655.27 Td (907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 641.17 Td (Investment in Barrow Street) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 640.27 Td (1,685) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 640.27 Td (1,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 626.17 Td (Total investments in merchant banking funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.00 625.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 625.27 Td (3,575) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.00 625.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 625.27 Td (4,173) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 604.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.13 604.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.60 604.10 Td (controls ) Tj ET Q q 0 0 0 rg BT 166.40 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.21 604.10 Td (general ) Tj ET Q q 0 0 0 rg BT 213.21 604.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 244.11 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.03 604.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 274.11 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 276.69 604.10 Td (I ) Tj ET Q q 0 0 0 rg BT 282.61 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.63 604.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 318.71 604.10 Td ( ) Tj ET Q q 0 0 0 rg BT 321.30 604.10 Td (II ) Tj ET Q q 0 0 0 rg BT 330.54 604.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.57 604.10 Td (consolidates ) Tj ET Q q 0 0 0 rg BT 399.58 604.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.39 604.10 Td (results ) Tj ET Q q 0 0 0 rg BT 443.08 604.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.99 604.10 Td (each ) Tj ET Q q 0 0 0 rg BT 474.89 604.10 Td (such ) Tj ET Q q 0 0 0 rg BT 495.81 604.10 Td (general ) Tj ET Q q 0 0 0 rg BT 527.82 604.10 Td (partner) Tj ET Q q 0 0 0 rg BT 555.58 604.10 Td (. ) Tj ET Q q 0 0 0 rg BT 560.48 604.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 592.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 96.83 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.05 592.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 127.13 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.58 592.10 Td (I ) Tj ET Q q 0 0 0 rg BT 137.36 592.10 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.13 592.10 Td ($0.1 ) Tj ET Q q 0 0 0 rg BT 195.08 592.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.97 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.41 592.10 Td (at ) Tj ET Q q 0 0 0 rg BT 238.08 592.10 Td (each ) Tj ET Q q 0 0 0 rg BT 259.84 592.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.61 592.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 331.14 592.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.14 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.59 592.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.48 592.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.48 592.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.92 592.10 Td (related ) Tj ET Q q 0 0 0 rg BT 426.57 592.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.79 592.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.46 592.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 515.79 592.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 552.56 592.10 Td (in ) Tj ET Q q 0 0 0 rg BT 563.78 592.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 580.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 91.41 580.10 Td (general ) Tj ET Q q 0 0 0 rg BT 123.31 580.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 154.10 580.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.91 580.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 183.99 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 186.47 580.10 Td (I. ) Tj ET Q q 0 0 0 rg BT 194.60 580.10 Td (The ) Tj ET Q q 0 0 0 rg BT 212.62 580.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 258.98 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.24 580.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 288.32 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.80 580.10 Td (II ) Tj ET Q q 0 0 0 rg BT 299.93 580.10 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.73 580.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 355.71 580.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.60 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 387.08 580.10 Td (at ) Tj ET Q q 0 0 0 rg BT 396.77 580.10 Td (each ) Tj ET Q q 0 0 0 rg BT 417.57 580.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.37 580.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 486.94 580.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.94 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 509.41 580.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.33 580.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.33 580.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.80 580.10 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 568.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 568.10 Td (noncontrolling ) Tj ET Q q 0 0 0 rg BT 135.88 568.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 171.70 568.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.98 568.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.70 568.10 Td (general ) Tj ET Q q 0 0 0 rg BT 228.62 568.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 259.44 568.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.27 568.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 289.35 568.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.85 568.10 Td (II. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 551.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 96.79 551.10 Td (its ) Tj ET Q q 0 0 0 rg BT 108.80 551.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 126.92 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.82 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.61 551.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 192.38 551.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 227.17 551.10 Td (business ) Tj ET Q q 0 0 0 rg BT 263.63 551.10 Td (in ) Tj ET Q q 0 0 0 rg BT 273.98 551.10 Td (2009, ) Tj ET Q q 0 0 0 rg BT 299.05 551.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.83 551.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 355.29 551.10 Td (has ) Tj ET Q q 0 0 0 rg BT 371.19 551.10 Td (monetized ) Tj ET Q q 0 0 0 rg BT 415.41 551.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 468.53 551.10 Td (all ) Tj ET Q q 0 0 0 rg BT 481.10 551.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.00 551.10 Td (its ) Tj ET Q q 0 0 0 rg BT 504.01 551.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 543.79 551.10 Td (banking ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.10 Td (investments. ) Tj ET Q q 0 0 0 rg BT 102.55 539.10 Td (In ) Tj ET Q q 0 0 0 rg BT 113.66 539.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 138.93 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.92 539.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 195.59 539.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 215.03 539.10 Td (an ) Tj ET Q q 0 0 0 rg BT 227.25 539.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 259.46 539.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.01 539.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.22 539.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 317.20 539.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 352.20 539.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 373.30 539.10 Td (for ) Tj ET Q q 0 0 0 rg BT 387.74 539.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.27 539.10 Td ($2.0 ) Tj ET Q q 0 0 0 rg BT 468.55 539.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.44 539.10 Td (, ) Tj ET Q q 0 0 0 rg BT 502.72 539.10 Td (which ) Tj ET Q q 0 0 0 rg BT 529.93 539.10 Td (represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 527.10 Td (book ) Tj ET Q q 0 0 0 rg BT 86.72 527.10 Td (value ) Tj ET Q q 0 0 0 rg BT 110.87 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.70 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.42 527.10 Td (investment. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 510.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.22 510.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.78 510.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 178.31 510.10 Td (a ) Tj ET Q q 0 0 0 rg BT 185.42 510.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 205.31 510.10 Td (at ) Tj ET Q q 0 0 0 rg BT 215.20 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.09 510.10 Td (time ) Tj ET Q q 0 0 0 rg BT 250.54 510.10 Td (of ) Tj ET Q q 0 0 0 rg BT 261.54 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.43 510.10 Td (exit ) Tj ET Q q 0 0 0 rg BT 294.10 510.10 Td (from ) Tj ET Q q 0 0 0 rg BT 316.21 510.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.10 510.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 370.97 510.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 405.86 510.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 444.92 510.10 Td (which ) Tj ET Q q 0 0 0 rg BT 472.03 510.10 Td (was ) Tj ET Q q 0 0 0 rg BT 490.26 510.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 532.91 510.10 Td (over ) Tj ET Q q 0 0 0 rg BT 553.35 510.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.46 510.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 576.01 510.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.10 Td (year ) Tj ET Q q 0 0 0 rg BT 68.64 498.10 Td (period ) Tj ET Q q 0 0 0 rg BT 96.12 498.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 125.27 498.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.98 498.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 159.41 498.10 Td (For ) Tj ET Q q 0 0 0 rg BT 175.24 498.10 Td (each ) Tj ET Q q 0 0 0 rg BT 195.48 498.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.75 498.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.90 498.10 Td (years ) Tj ET Q q 0 0 0 rg BT 242.93 498.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.74 498.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 326.75 498.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.75 498.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.69 498.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.06 498.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.06 498.10 Td (, ) Tj ET Q q 0 0 0 rg BT 389.49 498.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 424.73 498.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 447.77 498.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.03 498.10 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 477.46 498.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.36 498.10 Td ( ) Tj ET Q q 0 0 0 rg BT 508.29 498.10 Td (were ) Tj ET Q q 0 0 0 rg BT 529.65 498.10 Td (recognized.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.00 472.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 97.18 472.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 137.47 472.10 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 455.10 Td (In ) Tj ET Q q 0 0 0 rg BT 84.50 455.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 109.68 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.57 455.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 166.13 455.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 210.45 455.10 Td (its ) Tj ET Q q 0 0 0 rg BT 222.57 455.10 Td (liquidation ) Tj ET Q q 0 0 0 rg BT 268.58 455.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.58 455.10 Td (Iridium ) Tj ET Q q 0 0 0 rg BT 312.25 455.10 Td (with ) Tj ET Q q 0 0 0 rg BT 332.70 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 347.59 455.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 365.81 455.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.81 455.10 Td (5,084,016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.81 455.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.49 455.10 Td (common ) Tj ET Q q 0 0 0 rg BT 457.15 455.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 484.82 455.10 Td (at ) Tj ET Q q 0 0 0 rg BT 494.71 455.10 Td (an ) Tj ET Q q 0 0 0 rg BT 506.82 455.10 Td (average ) Tj ET Q q 0 0 0 rg BT 540.58 455.10 Td (price ) Tj ET Q q 0 0 0 rg BT 563.24 455.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.10 Td (share ) Tj ET Q q 0 0 0 rg BT 73.10 443.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.93 443.10 Td ($6.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.43 443.10 Td (. ) Tj ET Q q 0 0 0 rg BT 111.43 443.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.38 443.10 Td (As ) Tj ET Q q 0 0 0 rg BT 126.99 443.10 Td (of ) Tj ET Q q 0 0 0 rg BT 137.82 443.10 Td (December ) Tj ET Q q 0 0 0 rg BT 181.40 443.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 196.40 443.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 221.40 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.12 443.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 277.51 443.10 Td (had ) Tj ET Q q 0 0 0 rg BT 294.45 443.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 313.62 443.10 Td (its ) Tj ET Q q 0 0 0 rg BT 325.56 443.10 Td (entire ) Tj ET Q q 0 0 0 rg BT 350.83 443.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 382.76 443.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.04 443.10 Td (Iridium. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 63.00 422.10 Td (Investment ) Tj ET Q q 0 0 0 rg BT 111.06 422.10 Td (revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 401.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.55 401.10 Td (Company) Tj ET Q q 0 0 0 rg BT 133.21 401.10 Td (s ) Tj ET Q q 0 0 0 rg BT 139.60 401.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 185.99 401.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 226.52 401.10 Td (by ) Tj ET Q q 0 0 0 rg BT 239.02 401.10 Td (source, ) Tj ET Q q 0 0 0 rg BT 270.12 401.10 Td (are ) Tj ET Q q 0 0 0 rg BT 284.83 401.10 Td (as ) Tj ET Q q 0 0 0 rg BT 295.66 401.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 351.60 338.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 351.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 351.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 351.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 351.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 351.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 321.60 338.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 321.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 321.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 321.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 321.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 321.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.00 291.60 338.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 388.00 291.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 448.00 291.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 452.00 291.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 512.00 291.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 516.00 291.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 377.6 m 448 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 377.6 m 452 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 377.6 m 512 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 377.6 m 516 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 377.6 m 576 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 377.6 m 448 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 364.6 m 448 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 448 364.6 m 452 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 377.6 m 512 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 364.6 m 512 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 512 364.6 m 516 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 377.6 m 576 377.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 364.6 m 576 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 291.6 m 448 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 291.6 m 512 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 291.6 m 576 291.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 277.6 m 448 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 388 275.6 m 448 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 277.6 m 512 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 452 275.6 m 512 275.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 277.6 m 576 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 516 275.6 m 576 275.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 422.25 381.83 Td (For the Years Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 409.50 368.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 473.50 368.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 537.50 368.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 457.15 355.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 342.17 Td (Net realized and unrealized \(losses\) on investments in merchant banking funds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 341.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.15 341.27 Td (236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.50 341.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.30 341.32 Td (\(6,567) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 341.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 341.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 546.30 341.27 Td (\(1,884) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.15 341.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 327.17 Td (Net realized and unrealized gains \(losses\) in Iridium) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 326.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 326.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 326.27 Td (862) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 312.17 Td (Deferred gain on sale of certain merchant banking assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.15 311.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.15 311.27 Td (195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 311.27 Td (195) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 297.17 Td (Interest income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 296.27 Td (1,043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.65 296.27 Td (1,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.65 296.27 Td (1,071) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 282.17 Td (Total investment revenues \(losses\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.50 281.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.65 281.27 Td (1,279) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.50 281.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.30 281.32 Td (\(5,218) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.15 281.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 281.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.15 281.27 Td (244) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 253.10 Td (Note6 Fair) Tj ET Q q 0 0 0 rg BT 110.63 253.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.95 253.10 Td (V) Tj ET Q q 0 0 0 rg BT 119.26 253.10 Td (alue of Financial Instruments) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 224.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 102.91 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.14 224.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 160.15 224.10 Td (are ) Tj ET Q q 0 0 0 rg BT 175.16 224.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 215.72 224.10 Td (in ) Tj ET Q q 0 0 0 rg BT 226.29 224.10 Td (their ) Tj ET Q q 0 0 0 rg BT 247.41 224.10 Td (entirety ) Tj ET Q q 0 0 0 rg BT 280.75 224.10 Td (based ) Tj ET Q q 0 0 0 rg BT 306.31 224.10 Td (on ) Tj ET Q q 0 0 0 rg BT 319.11 224.10 Td (their ) Tj ET Q q 0 0 0 rg BT 340.23 224.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 369.13 224.10 Td (level ) Tj ET Q q 0 0 0 rg BT 391.36 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.49 224.10 Td (input ) Tj ET Q q 0 0 0 rg BT 425.84 224.10 Td (that ) Tj ET Q q 0 0 0 rg BT 443.63 224.10 Td (is ) Tj ET Q q 0 0 0 rg BT 453.09 224.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 498.10 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 508.68 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.69 224.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.36 224.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (measurement. ) Tj ET Q q 0 0 0 rg BT 108.29 212.10 Td (There ) Tj ET Q q 0 0 0 rg BT 134.27 212.10 Td (were ) Tj ET Q q 0 0 0 rg BT 156.36 212.10 Td (no ) Tj ET Q q 0 0 0 rg BT 169.03 212.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 194.46 212.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 202.13 212.10 Td (or ) Tj ET Q q 0 0 0 rg BT 213.13 212.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 238.56 212.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 246.23 212.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 272.22 212.10 Td (or ) Tj ET Q q 0 0 0 rg BT 283.22 212.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 323.11 212.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 364.09 212.10 Td (in ) Tj ET Q q 0 0 0 rg BT 374.53 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.42 212.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 405.96 212.10 Td (value ) Tj ET Q q 0 0 0 rg BT 430.29 212.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 470.71 212.10 Td (during ) Tj ET Q q 0 0 0 rg BT 499.48 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.37 212.10 Td (years ) Tj ET Q q 0 0 0 rg BT 538.13 212.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (December ) Tj ET Q q 0 0 0 rg BT 93.33 200.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.07 200.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 130.31 200.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.99 200.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.99 200.10 Td (. ) Tj ET Q q 0 0 0 rg BT 171.57 200.10 Td (There ) Tj ET Q q 0 0 0 rg BT 197.12 200.10 Td (were ) Tj ET Q q 0 0 0 rg BT 218.79 200.10 Td (no ) Tj ET Q q 0 0 0 rg BT 231.03 200.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 256.04 200.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 263.28 200.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 288.85 200.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 329.41 200.10 Td (at ) Tj ET Q q 0 0 0 rg BT 338.87 200.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 354.98 200.10 Td (value ) Tj ET Q q 0 0 0 rg BT 378.88 200.10 Td (during ) Tj ET Q q 0 0 0 rg BT 407.23 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.69 200.10 Td (year ) Tj ET Q q 0 0 0 rg BT 441.14 200.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 467.25 200.10 Td (December ) Tj ET Q q 0 0 0 rg BT 510.58 200.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 525.32 200.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 547.56 200.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (no ) Tj ET Q q 0 0 0 rg BT 62.50 188.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 87.76 188.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 95.26 188.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 121.09 188.10 Td (or ) Tj ET Q q 0 0 0 rg BT 131.92 188.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 171.64 188.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 212.46 188.10 Td (at ) Tj ET Q q 0 0 0 rg BT 222.17 188.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 238.55 188.10 Td (value ) Tj ET Q q 0 0 0 rg BT 262.71 188.10 Td (during ) Tj ET Q q 0 0 0 rg BT 291.31 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.03 188.10 Td (year ) Tj ET Q q 0 0 0 rg BT 325.74 188.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 352.11 188.10 Td (December ) Tj ET Q q 0 0 0 rg BT 395.70 188.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 410.70 188.10 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 171.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.84 171.10 Td (following ) Tj ET Q q 0 0 0 rg BT 132.51 171.10 Td (table ) Tj ET Q q 0 0 0 rg BT 154.74 171.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 172.53 171.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 194.75 171.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.76 171.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 265.86 171.10 Td (at ) Tj ET Q q 0 0 0 rg BT 275.87 171.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 292.53 171.10 Td (value ) Tj ET Q q 0 0 0 rg BT 316.98 171.10 Td (on ) Tj ET Q q 0 0 0 rg BT 329.77 171.10 Td (a ) Tj ET Q q 0 0 0 rg BT 337.00 171.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 376.43 171.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 399.22 171.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.34 171.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.35 171.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 470.35 171.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 490.91 171.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 547.57 171.10 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.96 159.10 Td (selling ) Tj ET Q q 0 0 0 rg BT 94.38 159.10 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 142.12 159.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.20 159.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 184.83 159.10 Td (related ) Tj ET Q q 0 0 0 rg BT 214.78 159.10 Td (to ) Tj ET Q q 0 0 0 rg BT 225.31 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.28 159.10 Td (Earnout. ) Tj ET Q q 0 0 0 rg BT 276.98 159.10 Td (The ) Tj ET Q q 0 0 0 rg BT 295.27 159.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 329.13 159.10 Td (arose ) Tj ET Q q 0 0 0 rg BT 352.98 159.10 Td (as ) Tj ET Q q 0 0 0 rg BT 364.06 159.10 Td (a ) Tj ET Q q 0 0 0 rg BT 371.24 159.10 Td (result ) Tj ET Q q 0 0 0 rg BT 396.21 159.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.29 159.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.64 159.10 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 471.06 159.10 Td (and ) Tj ET Q q 0 0 0 rg BT 488.24 159.10 Td (is ) Tj ET Q q 0 0 0 rg BT 497.66 159.10 Td (categorized ) Tj ET Q q 0 0 0 rg BT 546.49 159.10 Td (as ) Tj ET Q q 0 0 0 rg BT 557.57 159.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 147.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 75.26 147.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 82.76 147.10 Td (liability) Tj ET Q q 0 0 0 rg BT 113.22 147.10 Td (. ) Tj ET Q q 0 0 0 rg BT 118.22 147.10 Td ( ) Tj ET Q q 0 0 0 rg BT 120.72 147.10 Td (See ) Tj ET Q q 0 0 0 rg BT 137.66 147.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 163.68 147.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 171.18 147.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.13 147.10 Td (Acquisition".) Tj ET Q endstream endobj 169 0 obj <> endobj 170 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 134.60 730.10 Td (Liabilities Measur) Tj ET Q q 0 0 0 rg BT 212.47 730.10 Td (ed at Fair) Tj ET Q q 0 0 0 rg BT 253.95 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.27 730.10 Td (V) Tj ET Q q 0 0 0 rg BT 262.57 730.10 Td (alue on a Recurring Basis as of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 396.74 730.10 Td (December) Tj ET Q q 0 0 0 rg BT 439.86 730.10 Td (31, 2015) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 477.36 730.10 Td ( ) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 661.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 661.60 69.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 661.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 661.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 661.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 661.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 661.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 661.60 70.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 622.60 219.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 269.50 622.60 69.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 338.50 622.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 342.50 622.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 412.50 622.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 416.50 622.60 70.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 486.50 622.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 490.50 622.60 70.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 674.6 m 338.5 674.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 674.6 m 412.5 674.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 674.6 m 486.5 674.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 674.6 m 560.5 674.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 622.6 m 338.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 622.6 m 412.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 622.6 m 486.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 622.6 m 338.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 608.6 m 338.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 269.5 606.6 m 338.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 622.6 m 412.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 608.6 m 412.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 342.5 606.6 m 412.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 622.6 m 486.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 608.6 m 486.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 416.5 606.6 m 486.5 606.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 622.6 m 560.5 622.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 608.6 m 560.5 608.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 490.5 606.6 m 560.5 606.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 275.05 710.83 Td (QuotedPricesin) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 292.60 702.83 Td (Active ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 283.00 694.83 Td (Marketsfor) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 276.90 686.83 Td (Identical ) Tj ET Q q 0 0 0 rg BT 308.68 686.83 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 288.50 678.83 Td (\(Level 1\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 347.40 702.83 Td (SignificantOther) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 357.40 694.83 Td (Observable ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 365.85 686.83 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 362.00 678.83 Td (\(Level 2\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 432.55 702.83 Td (Significant) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.40 694.83 Td (Unobservable ) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 439.85 686.83 Td (Inputs) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.00 678.83 Td (\(Level 3\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 502.55 694.83 Td (Balance as of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 501.75 686.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.00 678.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.15 665.83 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.00 652.33 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 638.17 Td (Contingent obligation due selling unitholders of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 628.17 Td (Cogent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 627.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 627.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 627.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 627.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 627.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 627.27 Td (13,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 627.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 627.27 Td (13,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 613.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.00 612.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.65 612.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.00 612.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 612.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.00 612.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.15 612.27 Td (13,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.00 612.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.15 612.27 Td (13,647) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 584.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 108.68 584.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.20 584.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 142.70 584.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 149.44 584.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 188.40 584.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 228.46 584.10 Td (at ) Tj ET Q q 0 0 0 rg BT 237.41 584.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 253.03 584.10 Td (value ) Tj ET Q q 0 0 0 rg BT 276.43 584.10 Td (on ) Tj ET Q q 0 0 0 rg BT 288.17 584.10 Td (a ) Tj ET Q q 0 0 0 rg BT 294.35 584.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 332.73 584.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 354.48 584.10 Td (for ) Tj ET Q q 0 0 0 rg BT 367.88 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.83 584.10 Td (year ) Tj ET Q q 0 0 0 rg BT 400.78 584.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 426.40 584.10 Td (December ) Tj ET Q q 0 0 0 rg BT 469.22 584.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 483.46 584.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 505.21 584.10 Td (are ) Tj ET Q q 0 0 0 rg BT 519.15 584.10 Td (as ) Tj ET Q q 0 0 0 rg BT 529.22 584.10 Td (follows:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 52.50 483.60 100.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 152.50 483.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 483.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 483.60 45.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 483.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 483.60 48.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 483.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 483.60 41.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 483.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 483.60 27.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 483.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 483.60 24.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 483.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 483.60 47.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 483.60 5.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 483.60 46.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 483.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 483.60 49.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 52.50 434.60 100.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 152.50 434.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 198.50 434.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 202.50 434.60 45.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 247.50 434.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 251.50 434.60 48.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 299.50 434.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 303.50 434.60 41.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 344.50 434.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 348.50 434.60 27.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 434.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 379.50 434.60 24.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 403.50 434.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 407.50 434.60 47.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 454.50 434.60 5.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 459.50 434.60 46.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 505.50 434.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 509.50 434.60 49.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 496.6 m 198.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 496.6 m 247.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 496.6 m 299.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 496.6 m 344.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 496.6 m 375.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 496.6 m 403.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 496.6 m 454.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 496.6 m 505.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 496.6 m 558.5 496.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 434.6 m 198.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 434.6 m 247.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 434.6 m 299.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 434.6 m 344.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 434.6 m 375.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 434.6 m 403.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 434.6 m 454.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 434.6 m 505.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 434.6 m 558.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 434.6 m 198.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 420.6 m 198.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 418.6 m 198.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 434.6 m 247.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 420.6 m 247.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 202.5 418.6 m 247.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 434.6 m 299.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 420.6 m 299.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 251.5 418.6 m 299.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 434.6 m 344.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 420.6 m 344.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 303.5 418.6 m 344.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 434.6 m 375.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 420.6 m 375.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 418.6 m 375.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 434.6 m 403.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 420.6 m 403.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379.5 418.6 m 403.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 434.6 m 454.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 420.6 m 454.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 407.5 418.6 m 454.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 434.6 m 505.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 420.6 m 505.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459.5 418.6 m 505.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 434.6 m 509.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 420.6 m 509.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 505.5 418.6 m 509.5 418.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 434.6 m 558.5 434.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 420.6 m 558.5 420.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509.5 418.6 m 558.5 418.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 160.30 524.83 Td (Opening) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 156.85 516.83 Td (Balance as) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 156.40 508.83 Td (of January) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.00 500.83 Td (1, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.75 564.83 Td (Total) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 211.00 556.83 Td (realized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.05 548.83 Td (and) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 206.55 540.83 Td (unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 215.60 532.83 Td (gains) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 212.25 524.83 Td (\(losses\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 205.45 516.83 Td (included in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 218.50 508.83 Td (Net) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 211.80 500.83 Td (Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 256.40 548.83 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 266.10 540.83 Td (gains) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 262.75 532.83 Td (\(losses\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 255.95 524.83 Td (included in) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 264.85 516.83 Td (Other) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.85 508.83 Td (Comprehen) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 254.85 500.83 Td (sive Income) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 306.20 500.83 Td (Purchases) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.25 500.83 Td (Issues) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.30 500.83 Td (Sales) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 410.70 500.83 Td (Settlements) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 469.10 532.83 Td (Closing) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.85 524.83 Td (Balance as) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 478.65 516.83 Td (of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 464.75 508.83 Td (December) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 468.00 500.83 Td (31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 514.90 564.83 Td (Unrealized) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.60 556.83 Td (gains) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.20 548.83 Td (\(losses\) for) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 521.15 540.83 Td (Level 3) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 517.90 532.83 Td (liabilities) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.25 524.83 Td (outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 530.15 516.83 Td (at) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 516.25 508.83 Td (December) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.50 500.83 Td (31, 2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 304.15 487.83 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 55.00 474.33 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 460.17 Td (Contingent obligation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 450.17 Td (due selling unitholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 440.17 Td (of Cogent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 439.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.65 439.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.00 439.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.30 439.27 Td (\(503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 439.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 439.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 439.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 439.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.10 439.27 Td (13,144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.00 439.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.60 439.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 439.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 439.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 439.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 439.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.00 439.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.10 439.27 Td (13,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 439.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.30 439.32 Td (\(503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 439.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 55.00 425.17 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.00 424.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.65 424.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.00 424.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.30 424.27 Td (\(503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.65 424.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.00 424.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 424.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.00 424.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.10 424.27 Td (13,144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.00 424.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.60 424.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.00 424.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.65 424.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.00 424.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.65 424.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.00 424.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.10 424.27 Td (13,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.00 424.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.30 424.32 Td (\(503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 554.65 424.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 396.10 Td (Realized ) Tj ET Q q 0 0 0 rg BT 109.16 396.10 Td (and ) Tj ET Q q 0 0 0 rg BT 125.28 396.10 Td (unrealized ) Tj ET Q q 0 0 0 rg BT 168.60 396.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 191.39 396.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 223.63 396.10 Td (are ) Tj ET Q q 0 0 0 rg BT 237.51 396.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 272.51 396.10 Td (as ) Tj ET Q q 0 0 0 rg BT 282.52 396.10 Td (a ) Tj ET Q q 0 0 0 rg BT 288.64 396.10 Td (component ) Tj ET Q q 0 0 0 rg BT 334.76 396.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.77 396.10 Td (other ) Tj ET Q q 0 0 0 rg BT 367.00 396.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 406.44 396.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 444.22 396.10 Td (in ) Tj ET Q q 0 0 0 rg BT 453.68 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.58 396.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 519.80 396.10 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 384.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 384.10 Td (income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 360.10 Td (The following table presents quantitative information about the significant unobservable inputs utilized by the Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 348.10 Td (in the fair value measure of Level 3 liabilities measured at fair value on a recurring basis, as of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.96 348.10 Td (December31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.55 348.10 Td (:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 279.60 219.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 279.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 279.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 279.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 279.60 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 279.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 279.60 19.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 279.60 64.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 54.50 230.60 219.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 273.50 230.60 64.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 337.50 230.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 341.50 230.60 64.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 405.50 230.60 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 409.50 230.60 64.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 473.50 230.60 19.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 492.50 230.60 64.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 273.5 292.6 m 337.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 341.5 292.6 m 405.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 292.6 m 473.5 292.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 292.6 m 556.5 292.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 278.25 312.83 Td (Fair Value as of) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 281.75 304.83 Td (December 31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 297.00 296.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 356.45 304.83 Td (Valuation) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 351.10 296.83 Td (Technique\(s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 417.40 304.83 Td (Unobservable) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 427.20 296.83 Td (Input\(s\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 513.10 312.83 Td (Range) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 506.40 304.83 Td (\(Weighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 508.75 296.83 Td (Average\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 390.15 283.83 Td (\(in thousands\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 270.33 Td (Liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 245.27 Td (Contingent obligation due selling unitholders of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 235.27 Td (Cogent) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.00 235.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.15 235.27 Td (13,647) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.00 255.27 Td (Present value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.00 245.27 Td (of expected) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.00 235.27 Td (payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 235.27 Td (Discount rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.65 235.27 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 235.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 220.27 Td (Forecast) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.00 210.27 Td (revenue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.90 220.27 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 5.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (_____________________________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 63.09 176.10 Td (The ) Tj ET Q q 0 0 0 rg BT 80.78 176.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 127.51 176.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 162.97 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.45 176.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 217.81 176.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 273.83 176.10 Td (as ) Tj ET Q q 0 0 0 rg BT 284.30 176.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.78 176.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 353.01 176.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.01 176.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.15 176.10 Td (was ) Tj ET Q q 0 0 0 rg BT 392.85 176.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 438.32 176.10 Td (based ) Tj ET Q q 0 0 0 rg BT 463.23 176.10 Td (on ) Tj ET Q q 0 0 0 rg BT 475.38 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.74 176.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 526.31 176.10 Td (business' ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 164.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 89.70 164.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 123.85 164.10 Td (generation ) Tj ET Q q 0 0 0 rg BT 168.55 164.10 Td (from ) Tj ET Q q 0 0 0 rg BT 189.94 164.10 Td (April ) Tj ET Q q 0 0 0 rg BT 213.54 164.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 223.54 164.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 246.04 164.10 Td (through ) Tj ET Q q 0 0 0 rg BT 279.65 164.10 Td (March ) Tj ET Q q 0 0 0 rg BT 308.25 164.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 323.25 164.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 345.75 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.14 164.10 Td (April ) Tj ET Q q 0 0 0 rg BT 385.75 164.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 395.75 164.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 418.25 164.10 Td (through ) Tj ET Q q 0 0 0 rg BT 451.86 164.10 Td (March ) Tj ET Q q 0 0 0 rg BT 480.45 164.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 495.45 164.10 Td (2019.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 140.10 Td (V) Tj ET Q q 0 0 0 rg BT 55.56 140.10 Td (aluation ) Tj ET Q q 0 0 0 rg BT 93.13 140.10 Td (Processes ) Tj ET Q q 0 0 0 rg BT 136.23 140.10 Td (- ) Tj ET Q q 0 0 0 rg BT 142.68 140.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 167.99 140.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 176.10 140.10 Td (Measurements ) Tj ET Q q 0 0 0 rg BT 239.77 140.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.22 140.10 Td (The ) Tj ET Q q 0 0 0 rg BT 264.88 140.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 306.87 140.10 Td (utilizes ) Tj ET Q q 0 0 0 rg BT 338.87 140.10 Td (a ) Tj ET Q q 0 0 0 rg BT 346.42 140.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 386.74 140.10 Td (technique ) Tj ET Q q 0 0 0 rg BT 428.73 140.10 Td (based ) Tj ET Q q 0 0 0 rg BT 454.61 140.10 Td (on ) Tj ET Q q 0 0 0 rg BT 467.72 140.10 Td (a ) Tj ET Q q 0 0 0 rg BT 475.27 140.10 Td (present ) Tj ET Q q 0 0 0 rg BT 507.26 140.10 Td (value ) Tj ET Q q 0 0 0 rg BT 532.02 140.10 Td (method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 128.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 81.51 128.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.36 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.65 128.10 Td (probability ) Tj ET Q q 0 0 0 rg BT 151.60 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.00 128.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 202.95 128.10 Td (a ) Tj ET Q q 0 0 0 rg BT 209.46 128.10 Td (range ) Tj ET Q q 0 0 0 rg BT 233.74 128.10 Td (of ) Tj ET Q q 0 0 0 rg BT 244.14 128.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 281.21 128.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 314.92 128.10 Td (outcomes. ) Tj ET Q q 0 0 0 rg BT 357.67 128.10 Td (The ) Tj ET Q q 0 0 0 rg BT 375.29 128.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 414.58 128.10 Td (was ) Tj ET Q q 0 0 0 rg BT 432.20 128.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 475.37 128.10 Td (by ) Tj ET Q q 0 0 0 rg BT 487.44 128.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.73 128.10 Td (Company) Tj ET Q q 0 0 0 rg BT 539.97 128.10 Td (. ) Tj ET Q q 0 0 0 rg BT 544.54 128.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.46 128.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 116.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.39 116.10 Td (updates ) Tj ET Q q 0 0 0 rg BT 124.43 116.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 180.25 116.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 207.20 116.10 Td (each ) Tj ET Q q 0 0 0 rg BT 228.01 116.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 267.17 116.10 Td (period ) Tj ET Q q 0 0 0 rg BT 295.21 116.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.15 116.10 Td (has ) Tj ET Q q 0 0 0 rg BT 327.98 116.10 Td (a ) Tj ET Q q 0 0 0 rg BT 334.92 116.10 Td (formal ) Tj ET Q q 0 0 0 rg BT 364.08 116.10 Td (process ) Tj ET Q q 0 0 0 rg BT 396.57 116.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.85 116.10 Td (place ) Tj ET Q q 0 0 0 rg BT 430.44 116.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.72 116.10 Td (review ) Tj ET Q q 0 0 0 rg BT 470.42 116.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 505.13 116.10 Td (in ) Tj ET Q q 0 0 0 rg BT 515.41 116.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 531.79 116.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 558.44 116.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 50.00 92.10 Td (Sensitivity ) Tj ET Q q 0 0 0 rg BT 93.97 92.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 131.02 92.10 Td (- ) Tj ET Q q 0 0 0 rg BT 136.40 92.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 160.65 92.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 167.70 92.10 Td (Measurements ) Tj ET Q q 0 0 0 rg BT 230.31 92.10 Td (- ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.69 92.10 Td (The ) Tj ET Q q 0 0 0 rg BT 253.28 92.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 297.54 92.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 352.91 92.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 379.41 92.10 Td (used ) Tj ET Q q 0 0 0 rg BT 399.78 92.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.61 92.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 459.98 92.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 475.90 92.10 Td (value ) Tj ET Q q 0 0 0 rg BT 499.61 92.10 Td (are ) Tj ET Q q 0 0 0 rg BT 513.86 92.10 Td (the ) Tj ET Q q 0 0 0 rg BT 528.13 92.10 Td (discount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 80.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 66.70 80.10 Td (and ) Tj ET Q q 0 0 0 rg BT 82.84 80.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 116.20 80.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 149.56 80.10 Td (information. ) Tj ET Q q 0 0 0 rg BT 200.98 80.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.69 80.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 248.28 80.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 286.64 80.10 Td (\(decreases\) ) Tj ET Q q 0 0 0 rg BT 333.31 80.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.80 80.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.73 80.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 392.33 80.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 409.02 80.10 Td (would ) Tj ET Q q 0 0 0 rg BT 435.73 80.10 Td (have ) Tj ET Q q 0 0 0 rg BT 456.32 80.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 489.69 80.10 Td (in ) Tj ET Q q 0 0 0 rg BT 499.18 80.10 Td (a ) Tj ET Q q 0 0 0 rg BT 505.32 80.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 529.80 80.10 Td (\(higher\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 68.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.02 68.10 Td (value ) Tj ET Q q 0 0 0 rg BT 89.81 68.10 Td (measurement. ) Tj ET Q q 0 0 0 rg BT 147.76 68.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 193.79 68.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 232.57 68.10 Td (\(decreases\) ) Tj ET Q q 0 0 0 rg BT 279.68 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 289.60 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 303.95 68.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 337.74 68.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 371.52 68.10 Td (information ) Tj ET Q q 0 0 0 rg BT 420.88 68.10 Td (would ) Tj ET Q q 0 0 0 rg BT 448.02 68.10 Td (result ) Tj ET Q q 0 0 0 rg BT 472.37 68.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.29 68.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.87 68.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 516.56 68.10 Td (\(lower\) ) Tj ET Q q 0 0 0 rg BT 548.13 68.10 Td (fair ) Tj ET Q endstream endobj 171 0 obj <> endobj 172 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.79 742.10 Td (measurement. ) Tj ET Q q 0 0 0 rg BT 131.74 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.87 742.10 Td (For ) Tj ET Q q 0 0 0 rg BT 149.90 742.10 Td (all ) Tj ET Q q 0 0 0 rg BT 162.03 742.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 206.38 742.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 261.83 742.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 288.42 742.10 Td (used ) Tj ET Q q 0 0 0 rg BT 308.88 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 318.80 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.15 742.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 349.17 742.10 Td (value ) Tj ET Q q 0 0 0 rg BT 372.96 742.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 428.40 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.87 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.22 742.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 478.12 742.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 485.26 742.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 527.11 742.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.69 742.10 Td (change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 730.10 Td (one ) Tj ET Q q 0 0 0 rg BT 77.22 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.05 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 102.76 730.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 129.71 730.10 Td (would ) Tj ET Q q 0 0 0 rg BT 157.21 730.10 Td (not ) Tj ET Q q 0 0 0 rg BT 172.49 730.10 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 219.41 730.10 Td (result ) Tj ET Q q 0 0 0 rg BT 244.13 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 254.41 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.35 730.10 Td (directionally ) Tj ET Q q 0 0 0 rg BT 314.38 730.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 344.66 730.10 Td (change ) Tj ET Q q 0 0 0 rg BT 375.47 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.75 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.47 730.10 Td (other) Tj ET Q q 0 0 0 rg BT 420.46 730.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (Note7 Goodwill) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 131.39 706.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 689.10 Td (Goodwill consists of the following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 634.60 393.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 634.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 634.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 634.60 72.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 604.60 393.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 443.50 604.60 57.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 500.50 604.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 504.50 604.60 72.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 660.6 m 500.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500.5 660.6 m 504.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 660.6 m 576.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 660.6 m 500.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 647.6 m 500.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 660.6 m 576.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 647.6 m 576.5 647.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 589.6 m 500.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 589.6 m 576.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 575.6 m 500.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 443.5 573.6 m 500.5 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 589.6 m 576.5 589.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 575.6 m 576.5 575.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 504.5 573.6 m 576.5 573.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 476.45 664.83 Td (As of December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 463.50 651.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 532.00 651.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 485.15 638.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 625.17 Td (Balance, January1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 624.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 624.27 Td (130,976) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 624.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 624.27 Td (142,972) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 610.17 Td (Cogent acquisition) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 609.27 Td (93,116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.65 609.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 595.17 Td (Foreign currency translation adjustments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.80 594.32 Td (\(15,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.65 594.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.80 594.27 Td (\(11,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 572.65 594.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 580.17 Td (Balance, December 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 579.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.15 579.27 Td (209,024) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.00 579.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 579.27 Td (130,976) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 551.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.70 551.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.73 551.10 Td (performs ) Tj ET Q q 0 0 0 rg BT 170.98 551.10 Td (a ) Tj ET Q q 0 0 0 rg BT 177.56 551.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 215.27 551.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 263.52 551.10 Td (test ) Tj ET Q q 0 0 0 rg BT 279.55 551.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 316.13 551.10 Td (or ) Tj ET Q q 0 0 0 rg BT 326.61 551.10 Td (more ) Tj ET Q q 0 0 0 rg BT 349.31 551.10 Td (frequently ) Tj ET Q q 0 0 0 rg BT 392.55 551.10 Td (if ) Tj ET Q q 0 0 0 rg BT 400.81 551.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 459.60 551.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 493.39 551.10 Td (that ) Tj ET Q q 0 0 0 rg BT 510.54 551.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 558.79 551.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 539.10 Td (have ) Tj ET Q q 0 0 0 rg BT 72.30 539.10 Td (occurred. ) Tj ET Q q 0 0 0 rg BT 112.96 539.10 Td (The ) Tj ET Q q 0 0 0 rg BT 131.93 539.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 174.25 539.10 Td (has ) Tj ET Q q 0 0 0 rg BT 191.00 539.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 231.07 539.10 Td (its ) Tj ET Q q 0 0 0 rg BT 243.95 539.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 282.93 539.10 Td (for ) Tj ET Q q 0 0 0 rg BT 298.02 539.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 336.44 539.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 385.96 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 403.83 539.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 452.23 539.10 Td (that ) Tj ET Q q 0 0 0 rg BT 470.66 539.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.30 539.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 503.60 539.10 Td (value ) Tj ET Q q 0 0 0 rg BT 528.69 539.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.44 539.10 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 527.10 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 89.37 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.77 527.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 139.26 527.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 165.12 527.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 214.45 527.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.13 527.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.13 527.10 Td ( ) Tj ET Q q 0 0 0 rg BT 231.31 527.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 269.05 527.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 317.32 527.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 335.06 527.10 Td (has ) Tj ET Q q 0 0 0 rg BT 350.57 527.10 Td (been ) Tj ET Q q 0 0 0 rg BT 371.63 527.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 417.67 527.10 Td (for ) Tj ET Q q 0 0 0 rg BT 431.51 527.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.91 527.10 Td (years ) Tj ET Q q 0 0 0 rg BT 469.18 527.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.24 527.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 553.50 527.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 573.50 527.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 515.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 515.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 515.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.33 515.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.33 515.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 491.10 Td (Note8 Related Parties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 157.74 491.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 474.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.50 474.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 145.08 474.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.08 474.10 Td ( ) Tj ET Q q 0 0 0 rg BT 167.58 474.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.52 474.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.52 474.10 Td (, ) Tj ET Q q 0 0 0 rg BT 209.52 474.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.24 474.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 265.63 474.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.56 474.10 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.56 474.10 Td ( ) Tj ET Q q 0 0 0 rg BT 295.06 474.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 331.45 474.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 365.04 474.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.32 474.10 Td (related ) Tj ET Q q 0 0 0 rg BT 405.03 474.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 436.68 474.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 453.10 Td (The ) Tj ET Q q 0 0 0 rg BT 90.95 453.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.23 453.10 Td (subleases ) Tj ET Q q 0 0 0 rg BT 170.40 453.10 Td (airplane ) Tj ET Q q 0 0 0 rg BT 204.01 453.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.84 453.10 Td (of) Tj ET Q q 0 0 0 rg BT 227.99 453.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 244.38 453.10 Td (space ) Tj ET Q q 0 0 0 rg BT 267.99 453.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.17 453.10 Td (a ) Tj ET Q q 0 0 0 rg BT 283.00 453.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 301.62 453.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 329.68 453.10 Td (by ) Tj ET Q q 0 0 0 rg BT 341.08 453.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.70 453.10 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 395.53 453.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.26 453.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.88 453.10 Td (Company) Tj ET Q q 0 0 0 rg BT 457.12 453.10 Td (. ) Tj ET Q q 0 0 0 rg BT 460.92 453.10 Td (The ) Tj ET Q q 0 0 0 rg BT 477.87 453.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 518.15 453.10 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 441.10 Td (rent ) Tj ET Q q 0 0 0 rg BT 67.49 441.10 Td (reimbursements ) Tj ET Q q 0 0 0 rg BT 133.31 441.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.58 441.10 Td ($0.07 ) Tj ET Q q 0 0 0 rg BT 168.02 441.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.91 441.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.36 441.10 Td ($0.08 ) Tj ET Q q 0 0 0 rg BT 225.80 441.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.69 441.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.64 441.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.02 441.10 Td ($0.07 ) Tj ET Q q 0 0 0 rg BT 297.46 441.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.35 441.10 Td (, ) Tj ET Q q 0 0 0 rg BT 330.80 441.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 378.46 441.10 Td (, ) Tj ET Q q 0 0 0 rg BT 382.90 441.10 Td (for ) Tj ET Q q 0 0 0 rg BT 396.50 441.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.66 441.10 Td (years ) Tj ET Q q 0 0 0 rg BT 433.71 441.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.53 441.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 517.55 441.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.55 441.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.00 441.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 441.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 429.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.41 429.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.41 429.10 Td (, ) Tj ET Q q 0 0 0 rg BT 90.88 429.10 Td (which ) Tj ET Q q 0 0 0 rg BT 117.29 429.10 Td (are ) Tj ET Q q 0 0 0 rg BT 131.46 429.10 Td (included ) Tj ET Q q 0 0 0 rg BT 167.87 429.10 Td (as ) Tj ET Q q 0 0 0 rg BT 178.17 429.10 Td (a ) Tj ET Q q 0 0 0 rg BT 184.58 429.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 224.31 429.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.61 429.10 Td (occupancy ) Tj ET Q q 0 0 0 rg BT 279.34 429.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.74 429.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 339.93 429.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 364.66 429.10 Td (on ) Tj ET Q q 0 0 0 rg BT 376.63 429.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.82 429.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 443.33 429.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 487.51 429.10 Td (of ) Tj ET Q q 0 0 0 rg BT 497.81 429.10 Td (income. ) Tj ET Q q 0 0 0 rg BT 531.72 429.10 Td ( ) Tj ET Q q 0 0 0 rg BT 533.69 429.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 417.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 417.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.33 417.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.33 417.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.16 417.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.43 417.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.43 417.10 Td (, ) Tj ET Q q 0 0 0 rg BT 140.77 417.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.82 417.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 197.53 417.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.58 417.10 Td ($0.04 ) Tj ET Q q 0 0 0 rg BT 242.92 417.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.81 417.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.14 417.10 Td ($0.02 ) Tj ET Q q 0 0 0 rg BT 302.47 417.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.36 417.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.19 417.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.46 417.10 Td ($0.05 ) Tj ET Q q 0 0 0 rg BT 376.80 417.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.69 417.10 Td (, ) Tj ET Q q 0 0 0 rg BT 411.02 417.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 458.68 417.10 Td (, ) Tj ET Q q 0 0 0 rg BT 464.01 417.10 Td (for ) Tj ET Q q 0 0 0 rg BT 478.51 417.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.55 417.10 Td (use ) Tj ET Q q 0 0 0 rg BT 509.72 417.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.88 417.10 Td (an ) Tj ET Q q 0 0 0 rg BT 533.15 417.10 Td (aircraft ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 405.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 79.16 405.10 Td (by ) Tj ET Q q 0 0 0 rg BT 91.66 405.10 Td (an ) Tj ET Q q 0 0 0 rg BT 103.60 405.10 Td (executive ) Tj ET Q q 0 0 0 rg BT 144.41 405.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.24 405.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.96 405.10 Td (Company) Tj ET Q q 0 0 0 rg BT 208.19 405.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 383.50 Td (Note9 Pr) Tj ET Q q 0 0 0 rg BT 102.86 383.50 Td (operty and Equipment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.54 383.50 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 366.50 Td (Property and equipment consist of the following:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 306.20 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 306.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 306.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 306.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 276.20 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 276.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 276.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 276.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 246.20 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 246.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 246.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 246.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 216.20 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 216.20 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 216.20 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 216.20 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 332.20000000000005 m 498.5 332.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 332.20000000000005 m 502.5 332.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 332.20000000000005 m 562.5 332.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 332.20000000000005 m 498.5 332.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 319.20000000000005 m 498.5 319.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 332.20000000000005 m 562.5 332.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 319.20000000000005 m 562.5 319.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 246.20000000000005 m 498.5 246.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 246.20000000000005 m 562.5 246.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 216.20000000000005 m 498.5 216.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 216.20000000000005 m 562.5 216.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 202.20000000000005 m 498.5 202.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 200.20000000000005 m 498.5 200.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 202.20000000000005 m 562.5 202.20000000000005 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 200.20000000000005 m 562.5 200.20000000000005 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.95 336.43 Td (As of December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 323.43 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 323.43 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.65 310.43 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 296.77 Td (Aircraft) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 295.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 295.87 Td (19,063) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 295.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 295.87 Td (18,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 281.77 Td (Equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 280.87 Td (20,044) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 280.87 Td (18,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 266.77 Td (Furniture and fixtures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 265.87 Td (7,248) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 265.87 Td (7,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 251.77 Td (Leasehold improvements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 250.87 Td (21,945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 250.87 Td (24,392) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 235.87 Td (68,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 235.87 Td (68,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 221.77 Td (Less accumulated depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.80 220.92 Td (\(58,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 220.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 220.92 Td (\(58,491) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 220.87 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 206.77 Td (Total property and equipment, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 205.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 205.87 Td (9,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 205.87 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 205.87 Td (10,335) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 177.70 Td (Note10 Bank Loan Facilities) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 185.83 177.70 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 160.70 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.39 160.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 144.86 160.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.86 160.70 Td (, ) Tj ET Q q 0 0 0 rg BT 169.75 160.70 Td (the ) Tj ET Q q 0 0 0 rg BT 184.35 160.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 225.63 160.70 Td (had ) Tj ET Q q 0 0 0 rg BT 242.45 160.70 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.28 160.70 Td ($50.0 ) Tj ET Q q 0 0 0 rg BT 274.17 160.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.06 160.70 Td ( ) Tj ET Q q 0 0 0 rg BT 305.45 160.70 Td (revolving ) Tj ET Q q 0 0 0 rg BT 346.16 160.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 365.76 160.70 Td (facility ) Tj ET Q q 0 0 0 rg BT 396.47 160.70 Td (with ) Tj ET Q q 0 0 0 rg BT 416.64 160.70 Td (a ) Tj ET Q q 0 0 0 rg BT 423.46 160.70 Td (U.S.banking ) Tj ET Q q 0 0 0 rg BT 478.35 160.70 Td (institution ) Tj ET Q q 0 0 0 rg BT 521.30 160.70 Td (to ) Tj ET Q q 0 0 0 rg BT 531.47 160.70 Td (provide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 148.70 Td (for ) Tj ET Q q 0 0 0 rg BT 64.92 148.70 Td (working ) Tj ET Q q 0 0 0 rg BT 101.52 148.70 Td (capital ) Tj ET Q q 0 0 0 rg BT 131.43 148.70 Td (needs ) Tj ET Q q 0 0 0 rg BT 157.47 148.70 Td (and ) Tj ET Q q 0 0 0 rg BT 175.17 148.70 Td (for ) Tj ET Q q 0 0 0 rg BT 190.09 148.70 Td (other ) Tj ET Q q 0 0 0 rg BT 213.90 148.70 Td (general ) Tj ET Q q 0 0 0 rg BT 246.59 148.70 Td (corporate ) Tj ET Q q 0 0 0 rg BT 287.61 148.70 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 328.69 148.70 Td (The ) Tj ET Q q 0 0 0 rg BT 347.50 148.70 Td (revolving ) Tj ET Q q 0 0 0 rg BT 389.09 148.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 409.57 148.70 Td (facility ) Tj ET Q q 0 0 0 rg BT 441.16 148.70 Td (has ) Tj ET Q q 0 0 0 rg BT 457.75 148.70 Td (historically ) Tj ET Q q 0 0 0 rg BT 506.00 148.70 Td (been ) Tj ET Q q 0 0 0 rg BT 528.15 148.70 Td (renewed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 136.70 Td (annually) Tj ET Q q 0 0 0 rg BT 83.78 136.70 Td (. ) Tj ET Q q 0 0 0 rg BT 89.05 136.70 Td ( ) Tj ET Q q 0 0 0 rg BT 91.62 136.70 Td (The ) Tj ET Q q 0 0 0 rg BT 109.93 136.70 Td (maturity ) Tj ET Q q 0 0 0 rg BT 146.58 136.70 Td (date ) Tj ET Q q 0 0 0 rg BT 166.00 136.70 Td (of ) Tj ET Q q 0 0 0 rg BT 177.10 136.70 Td (the ) Tj ET Q q 0 0 0 rg BT 192.08 136.70 Td (facility ) Tj ET Q q 0 0 0 rg BT 223.16 136.70 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.99 136.70 Td (April ) Tj ET Q q 0 0 0 rg BT 255.86 136.70 Td (30, ) Tj ET Q q 0 0 0 rg BT 271.13 136.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.13 136.70 Td (. ) Tj ET Q q 0 0 0 rg BT 296.40 136.70 Td ( ) Tj ET Q q 0 0 0 rg BT 299.16 136.70 Td (Interest ) Tj ET Q q 0 0 0 rg BT 331.91 136.70 Td (on ) Tj ET Q q 0 0 0 rg BT 344.68 136.70 Td (the ) Tj ET Q q 0 0 0 rg BT 359.66 136.70 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 407.98 136.70 Td (is ) Tj ET Q q 0 0 0 rg BT 417.42 136.70 Td (based ) Tj ET Q q 0 0 0 rg BT 442.95 136.70 Td (on ) Tj ET Q q 0 0 0 rg BT 455.72 136.70 Td (the ) Tj ET Q q 0 0 0 rg BT 470.70 136.70 Td (higher ) Tj ET Q q 0 0 0 rg BT 499.01 136.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.11 136.70 Td (3.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.94 136.70 Td ( ) Tj ET Q q 0 0 0 rg BT 538.71 136.70 Td (or ) Tj ET Q q 0 0 0 rg BT 549.80 136.70 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 124.70 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 69.91 124.70 Td (Prime ) Tj ET Q q 0 0 0 rg BT 95.92 124.70 Td (Rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.24 124.70 Td ( ) Tj ET Q q 0 0 0 rg BT 116.36 124.70 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.69 124.70 Td (3.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.52 124.70 Td ( ) Tj ET Q q 0 0 0 rg BT 142.65 124.70 Td (at ) Tj ET Q q 0 0 0 rg BT 151.99 124.70 Td (December ) Tj ET Q q 0 0 0 rg BT 195.19 124.70 Td (31, ) Tj ET Q q 0 0 0 rg BT 209.82 124.70 Td (2015\) ) Tj ET Q q 0 0 0 rg BT 235.27 124.70 Td (and ) Tj ET Q q 0 0 0 rg BT 251.83 124.70 Td (is ) Tj ET Q q 0 0 0 rg BT 260.63 124.70 Td (payable ) Tj ET Q q 0 0 0 rg BT 293.84 124.70 Td (monthly) Tj ET Q q 0 0 0 rg BT 326.53 124.70 Td (. ) Tj ET Q q 0 0 0 rg BT 331.00 124.70 Td (The ) Tj ET Q q 0 0 0 rg BT 348.67 124.70 Td (weighted ) Tj ET Q q 0 0 0 rg BT 387.44 124.70 Td (average ) Tj ET Q q 0 0 0 rg BT 420.65 124.70 Td (daily ) Tj ET Q q 0 0 0 rg BT 442.77 124.70 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 490.44 124.70 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 539.23 124.70 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 112.70 Td (the ) Tj ET Q q 0 0 0 rg BT 64.42 112.70 Td (revolving ) Tj ET Q q 0 0 0 rg BT 104.95 112.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 124.37 112.70 Td (facility ) Tj ET Q q 0 0 0 rg BT 154.89 112.70 Td (were ) Tj ET Q q 0 0 0 rg BT 176.52 112.70 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.48 112.70 Td ($35.8 ) Tj ET Q q 0 0 0 rg BT 261.18 112.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.07 112.70 Td ( ) Tj ET Q q 0 0 0 rg BT 292.28 112.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.92 112.70 Td ($33.9 ) Tj ET Q q 0 0 0 rg BT 333.62 112.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.51 112.70 Td ( ) Tj ET Q q 0 0 0 rg BT 364.71 112.70 Td (for ) Tj ET Q q 0 0 0 rg BT 378.57 112.70 Td (the ) Tj ET Q q 0 0 0 rg BT 392.99 112.70 Td (years ) Tj ET Q q 0 0 0 rg BT 416.29 112.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.37 112.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 500.66 112.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.66 112.70 Td ( ) Tj ET Q q 0 0 0 rg BT 522.86 112.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 112.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.50 112.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 100.70 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.66 100.70 Td (. ) Tj ET Q q 0 0 0 rg BT 102.48 100.70 Td (The ) Tj ET Q q 0 0 0 rg BT 120.53 100.70 Td (weighted ) Tj ET Q q 0 0 0 rg BT 159.68 100.70 Td (average ) Tj ET Q q 0 0 0 rg BT 193.27 100.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 225.20 100.70 Td (rate ) Tj ET Q q 0 0 0 rg BT 242.69 100.70 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.74 100.70 Td (3.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.57 100.70 Td ( ) Tj ET Q q 0 0 0 rg BT 284.07 100.70 Td (for ) Tj ET Q q 0 0 0 rg BT 298.23 100.70 Td (each ) Tj ET Q q 0 0 0 rg BT 319.04 100.70 Td (of ) Tj ET Q q 0 0 0 rg BT 329.87 100.70 Td (the ) Tj ET Q q 0 0 0 rg BT 344.59 100.70 Td (years ) Tj ET Q q 0 0 0 rg BT 368.19 100.70 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.57 100.70 Td (December31, ) Tj ET Q q 0 0 0 rg BT 453.15 100.70 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.15 100.70 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.15 100.70 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.15 100.70 Td (, ) Tj ET Q q 0 0 0 rg BT 503.15 100.70 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.09 100.70 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.09 100.70 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 83.70 Td (In ) Tj ET Q q 0 0 0 rg BT 84.62 83.70 Td (connection ) Tj ET Q q 0 0 0 rg BT 130.78 83.70 Td (with ) Tj ET Q q 0 0 0 rg BT 150.84 83.70 Td (the ) Tj ET Q q 0 0 0 rg BT 165.35 83.70 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 211.52 83.70 Td (of ) Tj ET Q q 0 0 0 rg BT 222.13 83.70 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 255.81 83.70 Td (the ) Tj ET Q q 0 0 0 rg BT 270.31 83.70 Td (Company ) Tj ET Q q 0 0 0 rg BT 311.49 83.70 Td (funded ) Tj ET Q q 0 0 0 rg BT 341.54 83.70 Td (the ) Tj ET Q q 0 0 0 rg BT 356.05 83.70 Td (cash ) Tj ET Q q 0 0 0 rg BT 376.10 83.70 Td (component ) Tj ET Q q 0 0 0 rg BT 422.83 83.70 Td (of ) Tj ET Q q 0 0 0 rg BT 433.44 83.70 Td (the ) Tj ET Q q 0 0 0 rg BT 447.95 83.70 Td (consideration ) Tj ET Q q 0 0 0 rg BT 504.11 83.70 Td (paid ) Tj ET Q q 0 0 0 rg BT 523.61 83.70 Td (at ) Tj ET Q q 0 0 0 rg BT 533.12 83.70 Td (closing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 71.70 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.80 71.70 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.80 71.70 Td ( ) Tj ET Q q 0 0 0 rg BT 86.83 71.70 Td (bank ) Tj ET Q q 0 0 0 rg BT 108.30 71.70 Td (term ) Tj ET Q q 0 0 0 rg BT 128.65 71.70 Td (loan ) Tj ET Q q 0 0 0 rg BT 147.89 71.70 Td (facilities ) Tj ET Q q 0 0 0 rg BT 184.35 71.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 201.92 71.70 Td ("T) Tj ET Q q 0 0 0 rg BT 211.41 71.70 Td (erm ) Tj ET Q q 0 0 0 rg BT 228.98 71.70 Td (Loan ) Tj ET Q q 0 0 0 rg BT 251.56 71.70 Td (Facilities"\), ) Tj ET Q q 0 0 0 rg BT 300.16 71.70 Td (each ) Tj ET Q q 0 0 0 rg BT 320.50 71.70 Td (in ) Tj ET Q q 0 0 0 rg BT 330.30 71.70 Td (an ) Tj ET Q q 0 0 0 rg BT 341.77 71.70 Td (original ) Tj ET Q q 0 0 0 rg BT 374.90 71.70 Td (principal ) Tj ET Q q 0 0 0 rg BT 412.47 71.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 444.49 71.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.84 71.70 Td ($22.5 ) Tj ET Q q 0 0 0 rg BT 479.37 71.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.26 71.70 Td (, ) Tj ET Q q 0 0 0 rg BT 512.79 71.70 Td (and ) Tj ET Q q 0 0 0 rg BT 529.25 71.70 Td (together ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 59.70 Td (in ) Tj ET Q q 0 0 0 rg BT 60.41 59.70 Td (the ) Tj ET Q q 0 0 0 rg BT 75.25 59.70 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 116.74 59.70 Td (amount ) Tj ET Q q 0 0 0 rg BT 149.36 59.70 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.32 59.70 Td ($45.0 ) Tj ET Q q 0 0 0 rg BT 185.44 59.70 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.34 59.70 Td (. ) Tj ET Q q 0 0 0 rg BT 219.46 59.70 Td (One ) Tj ET Q q 0 0 0 rg BT 238.56 59.70 Td (T) Tj ET Q q 0 0 0 rg BT 243.97 59.70 Td (erm ) Tj ET Q q 0 0 0 rg BT 262.14 59.70 Td (Loan ) Tj ET Q q 0 0 0 rg BT 285.32 59.70 Td (Facility ) Tj ET Q q 0 0 0 rg BT 318.50 59.70 Td (is ) Tj ET Q q 0 0 0 rg BT 327.79 59.70 Td (payable ) Tj ET Q q 0 0 0 rg BT 361.51 59.70 Td (in ) Tj ET Q q 0 0 0 rg BT 371.92 59.70 Td (full ) Tj ET Q q 0 0 0 rg BT 388.43 59.70 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.48 59.70 Td (April30, ) Tj ET Q q 0 0 0 rg BT 439.22 59.70 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.22 59.70 Td ( ) Tj ET Q q 0 0 0 rg BT 461.84 59.70 Td (\(the ) Tj ET Q q 0 0 0 rg BT 480.02 59.70 Td (") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.10 59.70 Td (One) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.76 59.70 Td ( ) Tj ET Q q 0 0 0 rg BT 503.00 59.70 Td (Y) Tj ET Q q 0 0 0 rg BT 509.22 59.70 Td (ear ) Tj ET Q q 0 0 0 rg BT 524.05 59.70 Td (Facility"\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 47.70 Td (and ) Tj ET Q q 0 0 0 rg BT 66.66 47.70 Td (bears ) Tj ET Q q 0 0 0 rg BT 89.97 47.70 Td (interest ) Tj ET Q q 0 0 0 rg BT 121.62 47.70 Td (at ) Tj ET Q q 0 0 0 rg BT 131.05 47.70 Td (the ) Tj ET Q q 0 0 0 rg BT 145.49 47.70 Td (Prime ) Tj ET Q q 0 0 0 rg BT 171.59 47.70 Td (Rate ) Tj ET Q q 0 0 0 rg BT 192.13 47.70 Td (plus ) Tj ET Q q 0 0 0 rg BT 211.02 47.70 Td (three-quarters ) Tj ET Q q 0 0 0 rg BT 268.76 47.70 Td (of ) Tj ET Q q 0 0 0 rg BT 279.31 47.70 Td (one ) Tj ET Q q 0 0 0 rg BT 295.96 47.70 Td (percent ) Tj ET Q q 0 0 0 rg BT 327.60 47.70 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.93 47.70 Td (0.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.76 47.70 Td (\) ) Tj ET Q q 0 0 0 rg BT 362.31 47.70 Td (per ) Tj ET Q q 0 0 0 rg BT 377.29 47.70 Td (annum. ) Tj ET Q q 0 0 0 rg BT 409.23 47.70 Td ( ) Tj ET Q q 0 0 0 rg BT 411.29 47.70 Td (The ) Tj ET Q q 0 0 0 rg BT 429.05 47.70 Td (other ) Tj ET Q q 0 0 0 rg BT 451.65 47.70 Td (T) Tj ET Q q 0 0 0 rg BT 457.06 47.70 Td (erm ) Tj ET Q q 0 0 0 rg BT 474.83 47.70 Td (Loan ) Tj ET Q q 0 0 0 rg BT 497.59 47.70 Td (Facility ) Tj ET Q q 0 0 0 rg BT 530.36 47.70 Td (matures ) Tj ET Q endstream endobj 173 0 obj <> endobj 174 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.94 742.10 Td (April30, ) Tj ET Q q 0 0 0 rg BT 100.53 742.10 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.53 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.02 742.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 141.05 742.10 Td (") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.14 742.10 Td (Three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.45 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 170.57 742.10 Td (Y) Tj ET Q q 0 0 0 rg BT 176.79 742.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 191.48 742.10 Td (Facility"\), ) Tj ET Q q 0 0 0 rg BT 234.43 742.10 Td (is ) Tj ET Q q 0 0 0 rg BT 243.59 742.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 277.17 742.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.44 742.10 Td (four) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.10 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.58 742.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 330.73 742.10 Td (semi-annual ) Tj ET Q q 0 0 0 rg BT 382.08 742.10 Td (installments ) Tj ET Q q 0 0 0 rg BT 432.90 742.10 Td (beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.38 742.10 Td (October31, ) Tj ET Q q 0 0 0 rg BT 525.08 742.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.08 742.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.56 742.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (bears ) Tj ET Q q 0 0 0 rg BT 73.72 730.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 105.77 730.10 Td (at ) Tj ET Q q 0 0 0 rg BT 115.60 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.44 730.10 Td (Prime ) Tj ET Q q 0 0 0 rg BT 156.95 730.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 177.89 730.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 197.18 730.10 Td (one ) Tj ET Q q 0 0 0 rg BT 214.24 730.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.29 730.10 Td (one-quarter ) Tj ET Q q 0 0 0 rg BT 280.00 730.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 312.04 730.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.37 730.10 Td (1.25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.20 730.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 347.15 730.10 Td (per ) Tj ET Q q 0 0 0 rg BT 362.53 730.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 394.87 730.10 Td (which ) Tj ET Q q 0 0 0 rg BT 421.93 730.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 453.98 730.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 471.58 730.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 493.09 730.10 Td (be ) Tj ET Q q 0 0 0 rg BT 505.15 730.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 539.41 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.81 730.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (Prime ) Tj ET Q q 0 0 0 rg BT 76.40 718.10 Td (Rate ) Tj ET Q q 0 0 0 rg BT 97.23 718.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 116.42 718.10 Td (three-quarters ) Tj ET Q q 0 0 0 rg BT 174.45 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.29 718.10 Td (one ) Tj ET Q q 0 0 0 rg BT 202.24 718.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 234.18 718.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.51 718.10 Td (0.75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.34 718.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 269.18 718.10 Td (per ) Tj ET Q q 0 0 0 rg BT 284.46 718.10 Td (annum ) Tj ET Q q 0 0 0 rg BT 314.18 718.10 Td (when ) Tj ET Q q 0 0 0 rg BT 338.36 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.08 718.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 385.59 718.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 434.77 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 447.28 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.01 718.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 483.96 718.10 Td (term ) Tj ET Q q 0 0 0 rg BT 504.79 718.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 524.52 718.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 555.35 718.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td ($7.5 ) Tj ET Q q 0 0 0 rg BT 69.81 706.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.70 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.01 706.10 Td (or ) Tj ET Q q 0 0 0 rg BT 111.65 706.10 Td (less. ) Tj ET Q q 0 0 0 rg BT 131.46 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.60 706.10 Td (There ) Tj ET Q q 0 0 0 rg BT 159.23 706.10 Td (are ) Tj ET Q q 0 0 0 rg BT 173.74 706.10 Td (no ) Tj ET Q q 0 0 0 rg BT 186.05 706.10 Td (prepayment ) Tj ET Q q 0 0 0 rg BT 235.57 706.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 273.42 706.10 Td (for ) Tj ET Q q 0 0 0 rg BT 287.39 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.91 706.10 Td (early ) Tj ET Q q 0 0 0 rg BT 324.21 706.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 368.72 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 379.36 706.10 Td (either ) Tj ET Q q 0 0 0 rg BT 404.27 706.10 Td (T) Tj ET Q q 0 0 0 rg BT 409.68 706.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 427.53 706.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 450.39 706.10 Td (Facility) Tj ET Q q 0 0 0 rg BT 480.29 706.10 Td (. ) Tj ET Q q 0 0 0 rg BT 485.10 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.41 706.10 Td ( ) Tj ET Q q 0 0 0 rg BT 489.72 706.10 Td (Principal ) Tj ET Q q 0 0 0 rg BT 528.13 706.10 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 77.62 694.10 Td (on ) Tj ET Q q 0 0 0 rg BT 90.26 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 104.93 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 110.34 694.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 128.52 694.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 151.71 694.10 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 191.01 694.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 220.30 694.10 Td (be ) Tj ET Q q 0 0 0 rg BT 232.38 694.10 Td (reborrowed. ) Tj ET Q q 0 0 0 rg BT 283.42 694.10 Td (The ) Tj ET Q q 0 0 0 rg BT 301.61 694.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 333.68 694.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 351.30 694.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 395.03 694.10 Td (to ) Tj ET Q q 0 0 0 rg BT 405.45 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.11 694.10 Td (T) Tj ET Q q 0 0 0 rg BT 425.52 694.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 443.71 694.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 466.90 694.10 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 506.19 694.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 527.72 694.10 Td (never ) Tj ET Q q 0 0 0 rg BT 552.57 694.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (less ) Tj ET Q q 0 0 0 rg BT 67.18 682.10 Td (than ) Tj ET Q q 0 0 0 rg BT 86.57 682.10 Td (four ) Tj ET Q q 0 0 0 rg BT 105.41 682.10 Td (percent ) Tj ET Q q 0 0 0 rg BT 137.01 682.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.34 682.10 Td (4.00%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.17 682.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 171.67 682.10 Td (per ) Tj ET Q q 0 0 0 rg BT 186.62 682.10 Td (annum. ) Tj ET Q q 0 0 0 rg BT 218.36 682.10 Td (The ) Tj ET Q q 0 0 0 rg BT 236.08 682.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 274.91 682.10 Td (average ) Tj ET Q q 0 0 0 rg BT 308.17 682.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 339.78 682.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 356.94 682.10 Td (related ) Tj ET Q q 0 0 0 rg BT 386.32 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.28 682.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.51 682.10 Td (T) Tj ET Q q 0 0 0 rg BT 415.92 682.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 433.65 682.10 Td (Loan ) Tj ET Q q 0 0 0 rg BT 456.37 682.10 Td (Facilities ) Tj ET Q q 0 0 0 rg BT 495.21 682.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.94 682.10 Td (4.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.77 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 535.94 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.78 682.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.29 670.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.26 670.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 153.43 670.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.43 670.10 Td (. ) Tj ET Q q 0 0 0 rg BT 178.02 670.10 Td ( ) Tj ET Q q 0 0 0 rg BT 179.64 670.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.73 670.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 249.90 670.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.90 670.10 Td (, ) Tj ET Q q 0 0 0 rg BT 274.49 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.79 670.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 337.55 670.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 375.18 670.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 411.69 670.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.10 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.41 670.10 Td (One ) Tj ET Q q 0 0 0 rg BT 454.85 670.10 Td (Y) Tj ET Q q 0 0 0 rg BT 461.07 670.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 475.36 670.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 508.00 670.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.53 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.68 670.10 Td (Three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 658.10 Td (Y) Tj ET Q q 0 0 0 rg BT 56.22 658.10 Td (ear ) Tj ET Q q 0 0 0 rg BT 70.93 658.10 Td (Facility ) Tj ET Q q 0 0 0 rg BT 103.98 658.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.91 658.10 Td ($1) Tj ET Q q 0 0 0 rg BT 135.54 658.10 Td (1.3 ) Tj ET Q q 0 0 0 rg BT 150.54 658.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.43 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 181.93 658.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.87 658.10 Td ($22.5 ) Tj ET Q q 0 0 0 rg BT 223.87 658.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.76 658.10 Td (, ) Tj ET Q q 0 0 0 rg BT 257.76 658.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 305.42 658.10 Td (. ) Tj ET Q q 0 0 0 rg BT 310.42 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.92 658.10 Td (See ) Tj ET Q q 0 0 0 rg BT 329.86 658.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 355.88 658.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 363.38 658.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.33 658.10 Td (Acquisition".) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 637.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.41 637.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.56 637.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 133.48 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.52 637.10 Td (term ) Tj ET Q q 0 0 0 rg BT 171.45 637.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 191.27 637.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 228.29 637.10 Td (are ) Tj ET Q q 0 0 0 rg BT 243.10 637.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 281.25 637.10 Td (by ) Tj ET Q q 0 0 0 rg BT 293.85 637.10 Td (a ) Tj ET Q q 0 0 0 rg BT 300.89 637.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 321.27 637.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 356.09 637.10 Td (institution ) Tj ET Q q 0 0 0 rg BT 399.25 637.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.29 637.10 Td (are ) Tj ET Q q 0 0 0 rg BT 431.09 637.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 464.23 637.10 Td (by ) Tj ET Q q 0 0 0 rg BT 476.83 637.10 Td (any ) Tj ET Q q 0 0 0 rg BT 493.87 637.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 514.24 637.10 Td (distributed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.04 625.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 90.62 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.21 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.69 625.10 Td (Company) Tj ET Q q 0 0 0 rg BT 157.36 625.10 Td (s ) Tj ET Q q 0 0 0 rg BT 163.51 625.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 209.66 625.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.70 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.18 625.10 Td (U.S.based ) Tj ET Q q 0 0 0 rg BT 279.49 625.10 Td (merchant ) Tj ET Q q 0 0 0 rg BT 318.96 625.10 Td (banking ) Tj ET Q q 0 0 0 rg BT 353.44 625.10 Td (funds, ) Tj ET Q q 0 0 0 rg BT 380.42 625.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 400.46 625.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 452.72 625.10 Td (from ) Tj ET Q q 0 0 0 rg BT 474.43 625.10 Td (G&Co, ) Tj ET Q q 0 0 0 rg BT 505.86 625.10 Td (and ) Tj ET Q q 0 0 0 rg BT 522.56 625.10 Td (advisory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (fees ) Tj ET Q q 0 0 0 rg BT 69.06 613.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 113.10 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.39 613.10 Td (G&Co. ) Tj ET Q q 0 0 0 rg BT 156.52 613.10 Td (In ) Tj ET Q q 0 0 0 rg BT 167.81 613.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 206.04 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.22 613.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 243.62 613.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 263.80 613.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 301.19 613.10 Td (have ) Tj ET Q q 0 0 0 rg BT 323.02 613.10 Td (a ) Tj ET Q q 0 0 0 rg BT 330.42 613.10 Td (prohibition ) Tj ET Q q 0 0 0 rg BT 377.83 613.10 Td (on ) Tj ET Q q 0 0 0 rg BT 390.79 613.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.96 613.10 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 451.12 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.41 613.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 505.36 613.10 Td (indebtedness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (without ) Tj ET Q q 0 0 0 rg BT 82.99 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 97.65 601.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 119.53 601.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 156.95 601.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.72 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.37 601.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 213.69 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.56 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.22 601.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 286.54 601.10 Td (is ) Tj ET Q q 0 0 0 rg BT 295.65 601.10 Td (required ) Tj ET Q q 0 0 0 rg BT 331.40 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.62 601.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 374.05 601.10 Td (with ) Tj ET Q q 0 0 0 rg BT 394.27 601.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 423.91 601.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 461.33 601.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.21 601.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 514.53 601.10 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 559.52 601.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 589.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 589.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 121.08 589.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 589.10 Td (, ) Tj ET Q q 0 0 0 rg BT 146.08 589.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.80 589.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 202.19 589.10 Td (was ) Tj ET Q q 0 0 0 rg BT 220.24 589.10 Td (compliant ) Tj ET Q q 0 0 0 rg BT 262.73 589.10 Td (with ) Tj ET Q q 0 0 0 rg BT 283.01 589.10 Td (all ) Tj ET Q q 0 0 0 rg BT 295.50 589.10 Td (loan ) Tj ET Q q 0 0 0 rg BT 315.22 589.10 Td (covenants. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 565.10 Td (Note1) Tj ET Q q 0 0 0 rg BT 76.94 565.10 Td (1 Equity) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 125.84 565.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 548.10 Td (Dividends ) Tj ET Q q 0 0 0 rg BT 117.59 548.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 153.93 548.10 Td (per ) Tj ET Q q 0 0 0 rg BT 169.17 548.10 Td (common ) Tj ET Q q 0 0 0 rg BT 206.65 548.10 Td (share ) Tj ET Q q 0 0 0 rg BT 230.22 548.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.13 548.10 Td ($1.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.63 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.11 548.10 Td (for ) Tj ET Q q 0 0 0 rg BT 291.25 548.10 Td (each ) Tj ET Q q 0 0 0 rg BT 312.04 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.85 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.54 548.10 Td (years ) Tj ET Q q 0 0 0 rg BT 361.12 548.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.47 548.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 446.04 548.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.04 548.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.01 548.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.01 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 493.49 548.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.41 548.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.41 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 532.89 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 549.80 548.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 536.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 69.76 536.10 Td (on ) Tj ET Q q 0 0 0 rg BT 82.30 536.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 131.51 536.10 Td (common ) Tj ET Q q 0 0 0 rg BT 169.05 536.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 199.08 536.10 Td (In ) Tj ET Q q 0 0 0 rg BT 209.96 536.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 247.77 536.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 285.31 536.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 329.50 536.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 365.93 536.10 Td (are ) Tj ET Q q 0 0 0 rg BT 380.68 536.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 400.44 536.10 Td (on ) Tj ET Q q 0 0 0 rg BT 412.99 536.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 462.19 536.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 501.94 536.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 525.59 536.10 Td (units ) Tj ET Q q 0 0 0 rg BT 547.58 536.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 524.10 Td (amounted ) Tj ET Q q 0 0 0 rg BT 91.54 524.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.43 524.10 Td ($6.5 ) Tj ET Q q 0 0 0 rg BT 121.04 524.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.94 524.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.55 524.10 Td ($5.5 ) Tj ET Q q 0 0 0 rg BT 174.16 524.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.05 524.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.16 524.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.71 524.10 Td ($6.2 ) Tj ET Q q 0 0 0 rg BT 241.32 524.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.21 524.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.32 524.10 Td (for ) Tj ET Q q 0 0 0 rg BT 286.09 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.42 524.10 Td (years ) Tj ET Q q 0 0 0 rg BT 323.63 524.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 349.62 524.10 Td (December ) Tj ET Q q 0 0 0 rg BT 392.81 524.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.42 524.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.42 524.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.04 524.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.04 524.10 Td ( ) Tj ET Q q 0 0 0 rg BT 454.15 524.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.70 524.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.70 524.10 Td (, ) Tj ET Q q 0 0 0 rg BT 495.31 524.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 542.97 524.10 Td (, ) Tj ET Q q 0 0 0 rg BT 547.58 524.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.10 Td (are ) Tj ET Q q 0 0 0 rg BT 63.84 512.10 Td (included ) Tj ET Q q 0 0 0 rg BT 99.90 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.31 512.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 149.83 512.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 168.68 512.10 Td (on ) Tj ET Q q 0 0 0 rg BT 180.31 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.16 512.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 246.33 512.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 290.17 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.13 512.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 319.53 512.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 345.88 512.10 Td (In ) Tj ET Q q 0 0 0 rg BT 355.84 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.69 512.10 Td (event ) Tj ET Q q 0 0 0 rg BT 392.98 512.10 Td (a ) Tj ET Q q 0 0 0 rg BT 399.05 512.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 437.88 512.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 460.62 512.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 477.81 512.10 Td (holder) Tj ET Q q 0 0 0 rg BT 503.73 512.10 Td () Tj ET Q q 0 0 0 rg BT 506.50 512.10 Td (s ) Tj ET Q q 0 0 0 rg BT 512.03 512.10 Td (employment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 500.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.16 500.10 Td (terminated, ) Tj ET Q q 0 0 0 rg BT 106.91 500.10 Td (a ) Tj ET Q q 0 0 0 rg BT 113.85 500.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 145.22 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.05 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.76 500.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 208.24 500.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 252.39 500.10 Td (may ) Tj ET Q q 0 0 0 rg BT 272.10 500.10 Td (be ) Tj ET Q q 0 0 0 rg BT 284.03 500.10 Td (required ) Tj ET Q q 0 0 0 rg BT 319.84 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.11 500.10 Td (be ) Tj ET Q q 0 0 0 rg BT 342.04 500.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 361.75 500.10 Td (back ) Tj ET Q q 0 0 0 rg BT 383.12 500.10 Td (\(a ) Tj ET Q q 0 0 0 rg BT 393.38 500.10 Td ("clawback"\) ) Tj ET Q q 0 0 0 rg BT 445.12 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.39 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.10 500.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 511.48 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.41 500.10 Td (is ) Tj ET Q q 0 0 0 rg BT 537.57 500.10 Td (netted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 488.10 Td (against ) Tj ET Q q 0 0 0 rg BT 80.83 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.54 488.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 133.04 488.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 177.19 488.10 Td (amounts. ) Tj ET Q q 0 0 0 rg BT 216.07 488.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.57 488.10 Td (See ) Tj ET Q q 0 0 0 rg BT 235.51 488.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.95 488.10 Td (Note14 ) Tj ET Q q 0 0 0 rg BT 286.89 488.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 329.93 488.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 355.21 488.10 Td (Units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.88 488.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 467.10 Td (In ) Tj ET Q q 0 0 0 rg BT 83.08 467.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 129.19 467.10 Td (with ) Tj ET Q q 0 0 0 rg BT 149.22 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.68 467.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 209.81 467.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.39 467.10 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 254.02 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.48 467.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 309.61 467.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.86 467.10 Td (779,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.36 467.10 Td ( ) Tj ET Q q 0 0 0 rg BT 371.61 467.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 398.84 467.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.42 467.10 Td (common ) Tj ET Q q 0 0 0 rg BT 446.66 467.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 470.01 467.10 Td (on ) Tj ET Q q 0 0 0 rg BT 482.26 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.72 467.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 542.85 467.10 Td (date, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 455.10 Td (April ) Tj ET Q q 0 0 0 rg BT 73.78 455.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 83.95 455.10 Td (2105. ) Tj ET Q q 0 0 0 rg BT 109.12 455.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.79 455.10 Td (In ) Tj ET Q q 0 0 0 rg BT 122.79 455.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 160.74 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.63 455.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 217.18 455.10 Td (will ) Tj ET Q q 0 0 0 rg BT 235.41 455.10 Td (issue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.08 455.10 Td (334,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.58 455.10 Td ( ) Tj ET Q q 0 0 0 rg BT 293.25 455.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 320.91 455.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.91 455.10 Td (common ) Tj ET Q q 0 0 0 rg BT 369.58 455.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 393.36 455.10 Td (on ) Tj ET Q q 0 0 0 rg BT 406.03 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.92 455.10 Td (second ) Tj ET Q q 0 0 0 rg BT 451.36 455.10 Td (or ) Tj ET Q q 0 0 0 rg BT 462.36 455.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 489.47 455.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 538.78 455.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.79 455.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 443.10 Td (Acquisition, ) Tj ET Q q 0 0 0 rg BT 101.16 443.10 Td (as ) Tj ET Q q 0 0 0 rg BT 111.48 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.70 443.10 Td (case ) Tj ET Q q 0 0 0 rg BT 144.90 443.10 Td (may ) Tj ET Q q 0 0 0 rg BT 164.11 443.10 Td (be, ) Tj ET Q q 0 0 0 rg BT 178.04 443.10 Td (if ) Tj ET Q q 0 0 0 rg BT 186.15 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.36 443.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 234.00 443.10 Td (tar) Tj ET Q q 0 0 0 rg BT 244.36 443.10 Td (get ) Tj ET Q q 0 0 0 rg BT 258.57 443.10 Td (related ) Tj ET Q q 0 0 0 rg BT 287.77 443.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.54 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 311.76 443.10 Td (Earnout ) Tj ET Q q 0 0 0 rg BT 345.41 443.10 Td (is ) Tj ET Q q 0 0 0 rg BT 354.07 443.10 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 394.10 443.10 Td ( ) Tj ET Q q 0 0 0 rg BT 396.09 443.10 Td (If ) Tj ET Q q 0 0 0 rg BT 404.75 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.96 443.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 452.60 443.10 Td (tar) Tj ET Q q 0 0 0 rg BT 462.96 443.10 Td (get ) Tj ET Q q 0 0 0 rg BT 477.18 443.10 Td (related ) Tj ET Q q 0 0 0 rg BT 506.37 443.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.15 443.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.36 443.10 Td (Earnout ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 431.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.91 431.10 Td (not ) Tj ET Q q 0 0 0 rg BT 73.92 431.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 111.69 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.15 431.10 Td (common ) Tj ET Q q 0 0 0 rg BT 163.38 431.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 190.61 431.10 Td (will ) Tj ET Q q 0 0 0 rg BT 208.40 431.10 Td (not ) Tj ET Q q 0 0 0 rg BT 223.42 431.10 Td (be ) Tj ET Q q 0 0 0 rg BT 235.10 431.10 Td (issued. ) Tj ET Q q 0 0 0 rg BT 264.83 431.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.91 431.10 Td (The ) Tj ET Q q 0 0 0 rg BT 284.69 431.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 300.81 431.10 Td (value ) Tj ET Q q 0 0 0 rg BT 324.70 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.27 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.72 431.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 394.17 431.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 430.29 431.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.86 431.10 Td (common ) Tj ET Q q 0 0 0 rg BT 478.09 431.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 505.32 431.10 Td (was ) Tj ET Q q 0 0 0 rg BT 523.11 431.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 552.00 431.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.97 419.10 Td (date ) Tj ET Q q 0 0 0 rg BT 84.38 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.46 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 110.43 419.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 157.07 419.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.04 419.10 Td ($1) Tj ET Q q 0 0 0 rg BT 176.66 419.10 Td (1.9 ) Tj ET Q q 0 0 0 rg BT 191.92 419.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.81 419.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.56 419.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.75 419.10 Td (has ) Tj ET Q q 0 0 0 rg BT 256.84 419.10 Td (been ) Tj ET Q q 0 0 0 rg BT 278.47 419.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 316.19 419.10 Td (as ) Tj ET Q q 0 0 0 rg BT 327.28 419.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 370.02 419.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 389.99 419.10 Td (in ) Tj ET Q q 0 0 0 rg BT 400.52 419.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 429.92 419.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.46 419.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.43 419.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 508.72 419.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 553.69 419.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 407.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 88.46 407.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 132.21 407.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.91 407.10 Td (A) Tj ET Q q 0 0 0 rg BT 141.58 407.10 Td ( ) Tj ET Q q 0 0 0 rg BT 145.06 407.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 177.42 407.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.23 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.92 407.10 Td (value ) Tj ET Q q 0 0 0 rg BT 230.05 407.10 Td (will ) Tj ET Q q 0 0 0 rg BT 249.08 407.10 Td (be ) Tj ET Q q 0 0 0 rg BT 262.00 407.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 308.78 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.03 407.10 Td (common ) Tj ET Q q 0 0 0 rg BT 358.50 407.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 383.09 407.10 Td (if ) Tj ET Q q 0 0 0 rg BT 392.67 407.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.36 407.10 Td (Earnout ) Tj ET Q q 0 0 0 rg BT 443.49 407.10 Td (is ) Tj ET Q q 0 0 0 rg BT 453.64 407.10 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 495.15 407.10 Td ( ) Tj ET Q q 0 0 0 rg BT 498.62 407.10 Td (See ) Tj ET Q q 0 0 0 rg BT 516.54 407.10 Td ("Note ) Tj ET Q q 0 0 0 rg BT 543.53 407.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 552.01 407.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 395.10 Td (Acquisition" ) Tj ET Q q 0 0 0 rg BT 103.25 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.19 395.10 Td (") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.27 395.10 Td (Note12 ) Tj ET Q q 0 0 0 rg BT 171.21 395.10 Td (Earnings ) Tj ET Q q 0 0 0 rg BT 209.25 395.10 Td (per ) Tj ET Q q 0 0 0 rg BT 224.52 395.10 Td (Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.29 395.10 Td (". ) Tj ET Q q 0 0 0 rg BT 256.37 395.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 374.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.89 374.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.89 374.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.95 374.10 Td (826,673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.45 374.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.01 374.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 204.78 374.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 228.45 374.10 Td (units ) Tj ET Q q 0 0 0 rg BT 250.46 374.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 278.56 374.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.56 374.10 Td (were ) Tj ET Q q 0 0 0 rg BT 317.55 374.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 345.11 374.10 Td (as ) Tj ET Q q 0 0 0 rg BT 356.00 374.10 Td (common ) Tj ET Q q 0 0 0 rg BT 393.56 374.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 417.23 374.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.12 374.10 Td (which ) Tj ET Q q 0 0 0 rg BT 455.12 374.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.90 374.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 511.35 374.10 Td (is ) Tj ET Q q 0 0 0 rg BT 520.58 374.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 554.23 374.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 362.10 Td (have ) Tj ET Q q 0 0 0 rg BT 72.12 362.10 Td (repurchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.68 362.10 Td (341,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.18 362.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.42 362.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 187.66 362.10 Td (at ) Tj ET Q q 0 0 0 rg BT 198.13 362.10 Td (an ) Tj ET Q q 0 0 0 rg BT 210.81 362.10 Td (average ) Tj ET Q q 0 0 0 rg BT 245.14 362.10 Td (price ) Tj ET Q q 0 0 0 rg BT 268.37 362.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.95 362.10 Td ($34.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.45 362.10 Td ( ) Tj ET Q q 0 0 0 rg BT 310.70 362.10 Td (per ) Tj ET Q q 0 0 0 rg BT 326.71 362.10 Td (share ) Tj ET Q q 0 0 0 rg BT 351.06 362.10 Td (in ) Tj ET Q q 0 0 0 rg BT 362.08 362.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 412.54 362.10 Td (with ) Tj ET Q q 0 0 0 rg BT 433.57 362.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.03 362.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 486.71 362.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.29 362.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 513.75 362.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 554.22 362.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 350.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 80.82 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.65 350.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 115.25 350.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 154.96 350.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.23 350.10 Td (its ) Tj ET Q q 0 0 0 rg BT 177.18 350.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 222.45 350.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.72 350.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 276.32 350.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.15 350.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 326.86 350.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 350.46 350.10 Td (units. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 329.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.05 329.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.05 329.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.27 329.10 Td (1,019,989) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.27 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.99 329.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 212.91 329.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 236.73 329.10 Td (units ) Tj ET Q q 0 0 0 rg BT 258.90 329.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 287.17 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.32 329.10 Td (were ) Tj ET Q q 0 0 0 rg BT 326.47 329.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 354.19 329.10 Td (as ) Tj ET Q q 0 0 0 rg BT 365.24 329.10 Td (common ) Tj ET Q q 0 0 0 rg BT 402.95 329.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 426.78 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.83 329.10 Td (which ) Tj ET Q q 0 0 0 rg BT 464.99 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.92 329.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 521.53 329.10 Td (is ) Tj ET Q q 0 0 0 rg BT 530.92 329.10 Td (deemed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.53 317.10 Td (have ) Tj ET Q q 0 0 0 rg BT 82.16 317.10 Td (repurchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.22 317.10 Td (404,61) Tj ET Q q 0 0 0 rg BT 160.35 317.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.35 317.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 195.59 317.10 Td (at ) Tj ET Q q 0 0 0 rg BT 205.56 317.10 Td (an ) Tj ET Q q 0 0 0 rg BT 217.75 317.10 Td (average ) Tj ET Q q 0 0 0 rg BT 251.59 317.10 Td (price ) Tj ET Q q 0 0 0 rg BT 274.33 317.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.41 317.10 Td ($51.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.91 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 315.66 317.10 Td (per ) Tj ET Q q 0 0 0 rg BT 331.19 317.10 Td (share ) Tj ET Q q 0 0 0 rg BT 355.04 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 365.57 317.10 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 415.53 317.10 Td (with ) Tj ET Q q 0 0 0 rg BT 436.06 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.03 317.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 488.22 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.30 317.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 514.27 317.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 554.24 317.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 305.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 79.92 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.85 305.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 112.57 305.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 151.37 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.75 305.10 Td (its ) Tj ET Q q 0 0 0 rg BT 171.81 305.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 216.17 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.56 305.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 268.26 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.19 305.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 317.00 305.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 339.71 305.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 363.26 305.10 Td (In ) Tj ET Q q 0 0 0 rg BT 373.20 305.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 410.08 305.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.79 305.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.79 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 459.39 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.21 305.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 513.70 305.10 Td (repurchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 293.10 Td (open ) Tj ET Q q 0 0 0 rg BT 82.22 293.10 Td (market ) Tj ET Q q 0 0 0 rg BT 112.48 293.10 Td (transactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.74 293.10 Td (334,935) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.24 293.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 225.23 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.06 293.10 Td (its ) Tj ET Q q 0 0 0 rg BT 248.01 293.10 Td (common ) Tj ET Q q 0 0 0 rg BT 285.51 293.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 309.12 293.10 Td (at ) Tj ET Q q 0 0 0 rg BT 318.83 293.10 Td (an ) Tj ET Q q 0 0 0 rg BT 330.77 293.10 Td (average ) Tj ET Q q 0 0 0 rg BT 364.36 293.10 Td (price ) Tj ET Q q 0 0 0 rg BT 386.84 293.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.67 293.10 Td ($46.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.17 293.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 272.10 Td (In ) Tj ET Q q 0 0 0 rg BT 84.49 272.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 130.53 272.10 Td (with ) Tj ET Q q 0 0 0 rg BT 150.47 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.85 272.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 210.89 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 221.39 272.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 260.84 272.10 Td (Australia ) Tj ET Q q 0 0 0 rg BT 299.66 272.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.12 272.10 Td (April ) Tj ET Q q 0 0 0 rg BT 332.39 272.10 Td (2010, ) Tj ET Q q 0 0 0 rg BT 357.05 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.43 272.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 412.48 272.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 272.10 Td (1,099,877) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 272.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 509.30 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.79 272.10 Td (contingent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 260.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 96.45 260.10 Td (preferred ) Tj ET Q q 0 0 0 rg BT 134.55 260.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 157.12 260.10 Td (\("Performance ) Tj ET Q q 0 0 0 rg BT 217.09 260.10 Td (Stock"\). ) Tj ET Q q 0 0 0 rg BT 251.14 260.10 Td (The ) Tj ET Q q 0 0 0 rg BT 268.15 260.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 320.70 260.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 344.94 260.10 Td (did ) Tj ET Q q 0 0 0 rg BT 359.19 260.10 Td (not ) Tj ET Q q 0 0 0 rg BT 373.43 260.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 389.34 260.10 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 432.19 260.10 Td (was ) Tj ET Q q 0 0 0 rg BT 449.21 260.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 475.68 260.10 Td (in ) Tj ET Q q 0 0 0 rg BT 484.92 260.10 Td (tranches ) Tj ET Q q 0 0 0 rg BT 519.70 260.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.50 260.10 Td (659,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 260.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 248.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 78.41 248.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.26 248.10 Td (439,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.76 248.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.18 248.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 163.08 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.94 248.10 Td (was ) Tj ET Q q 0 0 0 rg BT 199.90 248.10 Td (convertible ) Tj ET Q q 0 0 0 rg BT 248.30 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.49 248.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 287.90 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.64 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.28 248.10 Td (Company) Tj ET Q q 0 0 0 rg BT 356.94 248.10 Td (s ) Tj ET Q q 0 0 0 rg BT 364.25 248.10 Td (common ) Tj ET Q q 0 0 0 rg BT 402.66 248.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 427.18 248.10 Td (promptly ) Tj ET Q q 0 0 0 rg BT 467.26 248.10 Td (after ) Tj ET Q q 0 0 0 rg BT 488.99 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.63 248.10 Td (third ) Tj ET Q q 0 0 0 rg BT 526.93 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 544.78 248.10 Td (fifth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.10 Td (anniversaries ) Tj ET Q q 0 0 0 rg BT 105.06 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.69 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.21 236.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 161.41 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.04 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.56 236.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 235.25 236.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 282.91 236.10 Td (, ) Tj ET Q q 0 0 0 rg BT 287.71 236.10 Td (if ) Tj ET Q q 0 0 0 rg BT 296.13 236.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 325.63 236.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 360.69 236.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 394.64 236.10 Td (tar) Tj ET Q q 0 0 0 rg BT 405.01 236.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 423.42 236.10 Td (were ) Tj ET Q q 0 0 0 rg BT 445.16 236.10 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 485.49 236.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.63 236.10 Td (The ) Tj ET Q q 0 0 0 rg BT 505.48 236.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 539.43 236.10 Td (tar) Tj ET Q q 0 0 0 rg BT 549.80 236.10 Td (get ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.76 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.08 224.10 Td (first ) Tj ET Q q 0 0 0 rg BT 96.30 224.10 Td (tranche ) Tj ET Q q 0 0 0 rg BT 127.82 224.10 Td (was ) Tj ET Q q 0 0 0 rg BT 145.48 224.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 183.11 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.66 224.10 Td (on ) Tj ET Q q 0 0 0 rg BT 211.30 224.10 Td (April1, ) Tj ET Q q 0 0 0 rg BT 244.51 224.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 269.11 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.43 224.10 Td (third ) Tj ET Q q 0 0 0 rg BT 304.42 224.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 353.17 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.60 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.92 224.10 Td (closing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.41 224.10 Td (659,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.91 224.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.02 224.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 473.11 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.55 224.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 536.73 224.10 Td (Stock, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (which ) Tj ET Q q 0 0 0 rg BT 77.58 212.10 Td (had ) Tj ET Q q 0 0 0 rg BT 95.16 212.10 Td (a ) Tj ET Q q 0 0 0 rg BT 102.75 212.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 119.77 212.10 Td (value ) Tj ET Q q 0 0 0 rg BT 144.57 212.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.04 212.10 Td ($32.5 ) Tj ET Q q 0 0 0 rg BT 181.68 212.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.57 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.72 212.10 Td (at ) Tj ET Q q 0 0 0 rg BT 224.08 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.44 212.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 286.46 212.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 308.76 212.10 Td (were ) Tj ET Q q 0 0 0 rg BT 331.33 212.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 373.90 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.82 212.10 Td (common ) Tj ET Q q 0 0 0 rg BT 422.96 212.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 449.71 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.86 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 455.77 212.10 Td (The ) Tj ET Q q 0 0 0 rg BT 474.46 212.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 509.25 212.10 Td (tar) Tj ET Q q 0 0 0 rg BT 519.62 212.10 Td (get ) Tj ET Q q 0 0 0 rg BT 534.98 212.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.78 212.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (second ) Tj ET Q q 0 0 0 rg BT 80.07 200.10 Td (tranche ) Tj ET Q q 0 0 0 rg BT 111.79 200.10 Td (was ) Tj ET Q q 0 0 0 rg BT 129.64 200.10 Td (not ) Tj ET Q q 0 0 0 rg BT 144.72 200.10 Td (achieved ) Tj ET Q q 0 0 0 rg BT 182.55 200.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 201.79 200.10 Td (ef) Tj ET Q q 0 0 0 rg BT 209.38 200.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 238.37 200.10 Td (April ) Tj ET Q q 0 0 0 rg BT 261.78 200.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 271.58 200.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 296.38 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.90 200.10 Td (fifth ) Tj ET Q q 0 0 0 rg BT 330.42 200.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 379.36 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.99 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.51 200.10 Td (closing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.19 200.10 Td (439,951) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.69 200.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.99 200.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 500.28 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.91 200.10 Td (Performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 77.96 188.10 Td (which ) Tj ET Q q 0 0 0 rg BT 105.08 188.10 Td (had ) Tj ET Q q 0 0 0 rg BT 122.20 188.10 Td (a ) Tj ET Q q 0 0 0 rg BT 129.33 188.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 145.89 188.10 Td (value ) Tj ET Q q 0 0 0 rg BT 170.22 188.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.24 188.10 Td ($14.4 ) Tj ET Q q 0 0 0 rg BT 206.42 188.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.31 188.10 Td ( ) Tj ET Q q 0 0 0 rg BT 238.00 188.10 Td (at ) Tj ET Q q 0 0 0 rg BT 247.90 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.80 188.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 309.36 188.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 331.20 188.10 Td (were ) Tj ET Q q 0 0 0 rg BT 353.31 188.10 Td (canceled ) Tj ET Q q 0 0 0 rg BT 390.96 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.09 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.99 188.10 Td (value ) Tj ET Q q 0 0 0 rg BT 447.32 188.10 Td (was ) Tj ET Q q 0 0 0 rg BT 465.56 188.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 511.55 188.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.01 188.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 69.72 176.10 Td (in ) Tj ET Q q 0 0 0 rg BT 80.00 176.10 Td (capital. ) Tj ET Q q 0 0 0 rg BT 111.65 176.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.15 176.10 Td ( ) Tj ET Q endstream endobj 175 0 obj <> endobj 176 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-21) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note12 Earnings per) Tj ET Q q 0 0 0 rg BT 153.15 742.25 Td ( Shar) Tj ET Q q 0 0 0 rg BT 176.03 742.25 Td (e) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 180.47 742.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 725.25 Td (The computations of basic and diluted EPS are set forth below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 655.95 324.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 655.95 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 655.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 655.95 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 655.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 655.95 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 615.95 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 615.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 615.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 615.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 615.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 615.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 575.95 324.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 575.95 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 575.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 575.95 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 575.95 4.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 575.95 60.00 -25.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 535.95 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 535.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 535.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 535.95 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 535.95 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 535.95 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 681.95 m 434.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 681.95 m 438.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 681.95 m 498.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 681.95 m 502.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 681.95 m 562.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 681.95 m 434.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 668.95 m 434.5 668.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 681.95 m 498.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 668.95 m 498.5 668.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 681.95 m 562.5 681.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 668.95 m 562.5 668.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 631.95 m 434.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 629.95 m 434.5 629.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 631.95 m 498.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 629.95 m 498.5 629.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 631.95 m 562.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 629.95 m 562.5 629.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 629.95 m 434.5 629.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 631.95 m 434.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 629.95 m 498.5 629.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 631.95 m 498.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 629.95 m 562.5 629.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 631.95 m 562.5 631.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 575.95 m 434.5 575.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 575.95 m 498.5 575.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 575.95 m 562.5 575.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 575.95 m 434.5 575.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 551.95 m 434.5 551.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 549.95 m 434.5 549.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 575.95 m 498.5 575.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 551.95 m 498.5 551.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 549.95 m 498.5 549.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 575.95 m 562.5 575.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 551.95 m 562.5 551.95 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 549.95 m 562.5 549.95 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 433.00 694.18 Td (For) Tj ET Q q 0 0 0 rg BT 445.29 694.18 Td ( the ) Tj ET Q q 0 0 0 rg BT 459.66 694.18 Td (Y) Tj ET Q q 0 0 0 rg BT 464.55 694.18 Td (ears Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.75 686.18 Td (December) Tj ET Q q 0 0 0 rg BT 479.25 686.18 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 673.18 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 673.18 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 673.18 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 398.10 660.18 Td (\(inthousands,exceptpershareamounts\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 646.52 Td (Numerator for basic and diluted EPS net income allocated to common) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 636.52 Td (stockholders) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 635.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 635.62 Td (25,598) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 635.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 635.62 Td (43,388) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 635.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 635.62 Td (46,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 621.52 Td (Denominator for basic EPS weighted average number of shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 620.62 Td (31,197) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 620.62 Td (30,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 620.62 Td (30,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 606.52 Td (Add dilutive effect of:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 591.52 Td (Weighted average number of incremental shares issuable from restricted stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 581.52 Td (units) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 580.62 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 580.62 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 580.62 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 566.52 Td (Denominator for diluted EPS weighted average number of shares and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 556.52 Td (dilutive potential shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 555.62 Td (31,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 555.62 Td (30,358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 555.62 Td (30,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 541.52 Td (Earnings per share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 526.52 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 525.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 525.62 Td (0.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 525.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 525.62 Td (1.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 525.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 525.62 Td (1.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 511.52 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 510.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 510.62 Td (0.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 510.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 510.62 Td (1.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 510.62 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 510.62 Td (1.55) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 485.45 Td (The ) Tj ET Q q 0 0 0 rg BT 92.34 485.45 Td (weighted ) Tj ET Q q 0 0 0 rg BT 131.80 485.45 Td (number ) Tj ET Q q 0 0 0 rg BT 165.14 485.45 Td (of ) Tj ET Q q 0 0 0 rg BT 176.27 485.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 204.05 485.45 Td (and ) Tj ET Q q 0 0 0 rg BT 221.29 485.45 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 254.64 485.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 292.42 485.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 320.21 485.45 Td (do ) Tj ET Q q 0 0 0 rg BT 333.01 485.45 Td (not ) Tj ET Q q 0 0 0 rg BT 348.58 485.45 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.81 485.45 Td (334,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.31 485.45 Td ( ) Tj ET Q q 0 0 0 rg BT 416.11 485.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 443.90 485.45 Td (of ) Tj ET Q q 0 0 0 rg BT 455.03 485.45 Td (common ) Tj ET Q q 0 0 0 rg BT 492.82 485.45 Td (stock, ) Tj ET Q q 0 0 0 rg BT 519.22 485.45 Td (which ) Tj ET Q q 0 0 0 rg BT 546.46 485.45 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 473.45 Td (be ) Tj ET Q q 0 0 0 rg BT 62.15 473.45 Td (issued ) Tj ET Q q 0 0 0 rg BT 89.87 473.45 Td (to ) Tj ET Q q 0 0 0 rg BT 100.36 473.45 Td (the ) Tj ET Q q 0 0 0 rg BT 115.29 473.45 Td (selling ) Tj ET Q q 0 0 0 rg BT 144.67 473.45 Td (unitholders ) Tj ET Q q 0 0 0 rg BT 192.38 473.45 Td (of ) Tj ET Q q 0 0 0 rg BT 203.43 473.45 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 237.53 473.45 Td (on ) Tj ET Q q 0 0 0 rg BT 250.24 473.45 Td (the ) Tj ET Q q 0 0 0 rg BT 265.18 473.45 Td (second ) Tj ET Q q 0 0 0 rg BT 295.66 473.45 Td (or ) Tj ET Q q 0 0 0 rg BT 306.70 473.45 Td (fourth ) Tj ET Q q 0 0 0 rg BT 333.86 473.45 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 383.22 473.45 Td (of ) Tj ET Q q 0 0 0 rg BT 394.26 473.45 Td (the ) Tj ET Q q 0 0 0 rg BT 408.60 473.45 Td (Acquisition, ) Tj ET Q q 0 0 0 rg BT 460.48 473.45 Td (as ) Tj ET Q q 0 0 0 rg BT 471.52 473.45 Td (the ) Tj ET Q q 0 0 0 rg BT 486.45 473.45 Td (case ) Tj ET Q q 0 0 0 rg BT 506.37 473.45 Td (may ) Tj ET Q q 0 0 0 rg BT 526.31 473.45 Td (be, ) Tj ET Q q 0 0 0 rg BT 540.96 473.45 Td (if ) Tj ET Q q 0 0 0 rg BT 549.78 473.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 461.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 84.75 461.45 Td (tar) Tj ET Q q 0 0 0 rg BT 95.11 461.45 Td (get ) Tj ET Q q 0 0 0 rg BT 110.43 461.45 Td (related ) Tj ET Q q 0 0 0 rg BT 140.73 461.45 Td (to ) Tj ET Q q 0 0 0 rg BT 151.61 461.45 Td (the ) Tj ET Q q 0 0 0 rg BT 166.93 461.45 Td (Earnout ) Tj ET Q q 0 0 0 rg BT 201.68 461.45 Td (is ) Tj ET Q q 0 0 0 rg BT 211.46 461.45 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 252.59 461.45 Td ( ) Tj ET Q q 0 0 0 rg BT 255.00 461.45 Td (At ) Tj ET Q q 0 0 0 rg BT 268.10 461.45 Td (the ) Tj ET Q q 0 0 0 rg BT 283.42 461.45 Td (time ) Tj ET Q q 0 0 0 rg BT 304.30 461.45 Td (a ) Tj ET Q q 0 0 0 rg BT 311.84 461.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 346.58 461.45 Td (tar) Tj ET Q q 0 0 0 rg BT 356.95 461.45 Td (get ) Tj ET Q q 0 0 0 rg BT 372.27 461.45 Td (is ) Tj ET Q q 0 0 0 rg BT 382.04 461.45 Td (achieved ) Tj ET Q q 0 0 0 rg BT 420.67 461.45 Td (such ) Tj ET Q q 0 0 0 rg BT 442.10 461.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 470.19 461.45 Td (will ) Tj ET Q q 0 0 0 rg BT 488.85 461.45 Td (be ) Tj ET Q q 0 0 0 rg BT 501.39 461.45 Td (included ) Tj ET Q q 0 0 0 rg BT 538.92 461.45 Td (in ) Tj ET Q q 0 0 0 rg BT 549.80 461.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 449.45 Td (Company) Tj ET Q q 0 0 0 rg BT 91.67 449.45 Td (s ) Tj ET Q q 0 0 0 rg BT 98.59 449.45 Td (share ) Tj ET Q q 0 0 0 rg BT 122.73 449.45 Td (count. ) Tj ET Q q 0 0 0 rg BT 150.48 449.45 Td (If ) Tj ET Q q 0 0 0 rg BT 160.18 449.45 Td (the ) Tj ET Q q 0 0 0 rg BT 175.43 449.45 Td (revenue ) Tj ET Q q 0 0 0 rg BT 210.11 449.45 Td (tar) Tj ET Q q 0 0 0 rg BT 220.48 449.45 Td (get ) Tj ET Q q 0 0 0 rg BT 235.73 449.45 Td (is ) Tj ET Q q 0 0 0 rg BT 245.44 449.45 Td (not ) Tj ET Q q 0 0 0 rg BT 261.25 449.45 Td (achieved, ) Tj ET Q q 0 0 0 rg BT 302.32 449.45 Td (the ) Tj ET Q q 0 0 0 rg BT 317.57 449.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 345.60 449.45 Td (of ) Tj ET Q q 0 0 0 rg BT 356.96 449.45 Td (common ) Tj ET Q q 0 0 0 rg BT 395.00 449.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 419.14 449.45 Td (will ) Tj ET Q q 0 0 0 rg BT 437.73 449.45 Td (not ) Tj ET Q q 0 0 0 rg BT 453.55 449.45 Td (be ) Tj ET Q q 0 0 0 rg BT 466.02 449.45 Td (issued. ) Tj ET Q q 0 0 0 rg BT 496.56 449.45 Td ( ) Tj ET Q q 0 0 0 rg BT 499.59 449.45 Td (See ) Tj ET Q q 0 0 0 rg BT 517.07 449.45 Td (Note ) Tj ET Q q 0 0 0 rg BT 543.98 449.45 Td (3 ) Tj ET Q q 0 0 0 rg BT 552.02 449.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 437.45 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 103.60 437.45 Td (and ) Tj ET Q q 0 0 0 rg BT 120.54 437.45 Td ("Note ) Tj ET Q q 0 0 0 rg BT 146.56 437.45 Td (1) Tj ET Q q 0 0 0 rg BT 151.19 437.45 Td (1 ) Tj ET Q q 0 0 0 rg BT 158.69 437.45 Td ( ) Tj ET Q q 0 0 0 rg BT 171.19 437.45 Td (Equity". ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 416.45 Td ( ) Tj ET Q q 0 0 0 rg BT 74.29 416.45 Td (For ) Tj ET Q q 0 0 0 rg BT 89.97 416.45 Td (the ) Tj ET Q q 0 0 0 rg BT 103.97 416.45 Td (years ) Tj ET Q q 0 0 0 rg BT 126.86 416.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 152.53 416.45 Td (December ) Tj ET Q q 0 0 0 rg BT 195.40 416.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 209.69 416.45 Td (2015, ) Tj ET Q q 0 0 0 rg BT 233.98 416.45 Td (2014, ) Tj ET Q q 0 0 0 rg BT 258.27 416.45 Td (and ) Tj ET Q q 0 0 0 rg BT 274.49 416.45 Td (2013, ) Tj ET Q q 0 0 0 rg BT 298.78 416.45 Td (the ) Tj ET Q q 0 0 0 rg BT 312.79 416.45 Td (weighted ) Tj ET Q q 0 0 0 rg BT 351.23 416.45 Td (number ) Tj ET Q q 0 0 0 rg BT 383.57 416.45 Td (of ) Tj ET Q q 0 0 0 rg BT 393.68 416.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 420.46 416.45 Td (and ) Tj ET Q q 0 0 0 rg BT 436.69 416.45 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 469.03 416.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 505.81 416.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 532.59 416.45 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 404.45 Td (the ) Tj ET Q q 0 0 0 rg BT 64.30 404.45 Td (conversion ) Tj ET Q q 0 0 0 rg BT 110.27 404.45 Td (to ) Tj ET Q q 0 0 0 rg BT 120.13 404.45 Td (common ) Tj ET Q q 0 0 0 rg BT 157.21 404.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 180.41 404.45 Td (of ) Tj ET Q q 0 0 0 rg BT 190.82 404.45 Td (the ) Tj ET Q q 0 0 0 rg BT 205.13 404.45 Td (first ) Tj ET Q q 0 0 0 rg BT 223.32 404.45 Td (tranche ) Tj ET Q q 0 0 0 rg BT 254.83 404.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.25 404.45 Td (659,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.75 404.45 Td ( ) Tj ET Q q 0 0 0 rg BT 299.84 404.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 326.91 404.45 Td (of ) Tj ET Q q 0 0 0 rg BT 337.33 404.45 Td (Performance ) Tj ET Q q 0 0 0 rg BT 390.50 404.45 Td (Stock ) Tj ET Q q 0 0 0 rg BT 415.36 404.45 Td (issued ) Tj ET Q q 0 0 0 rg BT 442.45 404.45 Td (in ) Tj ET Q q 0 0 0 rg BT 452.31 404.45 Td (connection ) Tj ET Q q 0 0 0 rg BT 498.27 404.45 Td (with ) Tj ET Q q 0 0 0 rg BT 518.14 404.45 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 392.45 Td (of ) Tj ET Q q 0 0 0 rg BT 60.52 392.45 Td (Caliburn. ) Tj ET Q q 0 0 0 rg BT 100.20 392.45 Td ( ) Tj ET Q q 0 0 0 rg BT 102.23 392.45 Td (The ) Tj ET Q q 0 0 0 rg BT 119.96 392.45 Td (weighted ) Tj ET Q q 0 0 0 rg BT 158.80 392.45 Td (number ) Tj ET Q q 0 0 0 rg BT 191.54 392.45 Td (of ) Tj ET Q q 0 0 0 rg BT 202.05 392.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 229.23 392.45 Td (and ) Tj ET Q q 0 0 0 rg BT 245.85 392.45 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 278.59 392.45 Td (potential ) Tj ET Q q 0 0 0 rg BT 315.77 392.45 Td (shares ) Tj ET Q q 0 0 0 rg BT 342.95 392.45 Td (for ) Tj ET Q q 0 0 0 rg BT 356.79 392.45 Td (the ) Tj ET Q q 0 0 0 rg BT 371.20 392.45 Td (years ) Tj ET Q q 0 0 0 rg BT 394.48 392.45 Td (ended ) Tj ET Q q 0 0 0 rg BT 420.54 392.45 Td (December ) Tj ET Q q 0 0 0 rg BT 463.81 392.45 Td (31, ) Tj ET Q q 0 0 0 rg BT 478.50 392.45 Td (2015, ) Tj ET Q q 0 0 0 rg BT 503.19 392.45 Td (2014 ) Tj ET Q q 0 0 0 rg BT 525.37 392.45 Td (and ) Tj ET Q q 0 0 0 rg BT 542.00 392.45 Td (2013 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 380.45 Td (do ) Tj ET Q q 0 0 0 rg BT 62.38 380.45 Td (not ) Tj ET Q q 0 0 0 rg BT 77.54 380.45 Td (include ) Tj ET Q q 0 0 0 rg BT 109.35 380.45 Td (the ) Tj ET Q q 0 0 0 rg BT 123.95 380.45 Td (Performance ) Tj ET Q q 0 0 0 rg BT 177.41 380.45 Td (Stock ) Tj ET Q q 0 0 0 rg BT 202.57 380.45 Td (issued ) Tj ET Q q 0 0 0 rg BT 229.95 380.45 Td (in ) Tj ET Q q 0 0 0 rg BT 240.10 380.45 Td (connection ) Tj ET Q q 0 0 0 rg BT 286.36 380.45 Td (with ) Tj ET Q q 0 0 0 rg BT 306.51 380.45 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 352.77 380.45 Td (of ) Tj ET Q q 0 0 0 rg BT 363.48 380.45 Td (Caliburn ) Tj ET Q q 0 0 0 rg BT 400.86 380.45 Td (related ) Tj ET Q q 0 0 0 rg BT 430.44 380.45 Td (to ) Tj ET Q q 0 0 0 rg BT 440.60 380.45 Td (the ) Tj ET Q q 0 0 0 rg BT 455.19 380.45 Td (second ) Tj ET Q q 0 0 0 rg BT 485.34 380.45 Td (tranche, ) Tj ET Q q 0 0 0 rg BT 519.65 380.45 Td (which ) Tj ET Q q 0 0 0 rg BT 546.46 380.45 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 368.45 Td (not ) Tj ET Q q 0 0 0 rg BT 65.28 368.45 Td (achieved. ) Tj ET Q q 0 0 0 rg BT 105.81 368.45 Td ( ) Tj ET Q q 0 0 0 rg BT 108.31 368.45 Td (See ) Tj ET Q q 0 0 0 rg BT 125.25 368.45 Td ("Note ) Tj ET Q q 0 0 0 rg BT 151.27 368.45 Td (1) Tj ET Q q 0 0 0 rg BT 155.90 368.45 Td (1 ) Tj ET Q q 0 0 0 rg BT 163.40 368.45 Td ( ) Tj ET Q q 0 0 0 rg BT 175.90 368.45 Td (Equity". ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 344.45 Td (Note13 Retir) Tj ET Q q 0 0 0 rg BT 119.52 344.45 Td (ement Plan) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.56 344.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 327.45 Td (In ) Tj ET Q q 0 0 0 rg BT 86.08 327.45 Td (the ) Tj ET Q q 0 0 0 rg BT 102.05 327.45 Td (U.S., ) Tj ET Q q 0 0 0 rg BT 126.09 327.45 Td (the ) Tj ET Q q 0 0 0 rg BT 142.06 327.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 184.70 327.45 Td (sponsors ) Tj ET Q q 0 0 0 rg BT 223.46 327.45 Td (a ) Tj ET Q q 0 0 0 rg BT 231.65 327.45 Td (qualified ) Tj ET Q q 0 0 0 rg BT 270.95 327.45 Td (defined ) Tj ET Q q 0 0 0 rg BT 304.69 327.45 Td (contribution ) Tj ET Q q 0 0 0 rg BT 357.33 327.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 378.30 327.45 Td (\(the ) Tj ET Q q 0 0 0 rg BT 397.60 327.45 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 450.22 327.45 Td (Plan\) ) Tj ET Q q 0 0 0 rg BT 479.52 327.45 Td (covering ) Tj ET Q q 0 0 0 rg BT 518.26 327.45 Td (all ) Tj ET Q q 0 0 0 rg BT 532.01 327.45 Td (eligible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 315.45 Td (employees ) Tj ET Q q 0 0 0 rg BT 95.79 315.45 Td (of ) Tj ET Q q 0 0 0 rg BT 107.15 315.45 Td (G&Co. ) Tj ET Q q 0 0 0 rg BT 139.13 315.45 Td (The ) Tj ET Q q 0 0 0 rg BT 157.71 315.45 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 205.16 315.45 Td (Plan ) Tj ET Q q 0 0 0 rg BT 225.97 315.45 Td (provides ) Tj ET Q q 0 0 0 rg BT 263.44 315.45 Td (for ) Tj ET Q q 0 0 0 rg BT 278.13 315.45 Td (both ) Tj ET Q q 0 0 0 rg BT 298.93 315.45 Td (employee ) Tj ET Q q 0 0 0 rg BT 340.84 315.45 Td (contributions ) Tj ET Q q 0 0 0 rg BT 396.64 315.45 Td (in ) Tj ET Q q 0 0 0 rg BT 407.44 315.45 Td (accordance ) Tj ET Q q 0 0 0 rg BT 455.43 315.45 Td (with ) Tj ET Q q 0 0 0 rg BT 476.24 315.45 Td (Section401\(k\) ) Tj ET Q q 0 0 0 rg BT 538.43 315.45 Td (of ) Tj ET Q q 0 0 0 rg BT 549.78 315.45 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 303.45 Td (Internal ) Tj ET Q q 0 0 0 rg BT 84.68 303.45 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 123.25 303.45 Td (Code, ) Tj ET Q q 0 0 0 rg BT 150.44 303.45 Td (and ) Tj ET Q q 0 0 0 rg BT 168.46 303.45 Td (employer ) Tj ET Q q 0 0 0 rg BT 209.81 303.45 Td (discretionary ) Tj ET Q q 0 0 0 rg BT 265.60 303.45 Td (profit ) Tj ET Q q 0 0 0 rg BT 291.40 303.45 Td (sharing ) Tj ET Q q 0 0 0 rg BT 324.42 303.45 Td (contributions, ) Tj ET Q q 0 0 0 rg BT 383.28 303.45 Td (subject ) Tj ET Q q 0 0 0 rg BT 415.19 303.45 Td (to ) Tj ET Q q 0 0 0 rg BT 426.55 303.45 Td (statutory ) Tj ET Q q 0 0 0 rg BT 465.13 303.45 Td (limits. ) Tj ET Q q 0 0 0 rg BT 493.99 303.45 Td (Participants ) Tj ET Q q 0 0 0 rg BT 544.79 303.45 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 291.45 Td (contribute ) Tj ET Q q 0 0 0 rg BT 93.44 291.45 Td (up ) Tj ET Q q 0 0 0 rg BT 106.34 291.45 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.02 291.45 Td (75%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.35 291.45 Td ( ) Tj ET Q q 0 0 0 rg BT 138.25 291.45 Td (of ) Tj ET Q q 0 0 0 rg BT 149.48 291.45 Td (eligible ) Tj ET Q q 0 0 0 rg BT 182.37 291.45 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 243.31 291.45 Td (as ) Tj ET Q q 0 0 0 rg BT 254.54 291.45 Td (defined. ) Tj ET Q q 0 0 0 rg BT 289.71 291.45 Td (The ) Tj ET Q q 0 0 0 rg BT 308.16 291.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 349.95 291.45 Td (incurred ) Tj ET Q q 0 0 0 rg BT 386.16 291.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 409.06 291.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.29 291.45 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 440.69 291.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.58 291.45 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.98 291.45 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 495.38 291.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.27 291.45 Td ( ) Tj ET Q q 0 0 0 rg BT 527.17 291.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.51 291.45 Td ($0.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 279.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 279.45 Td ( ) Tj ET Q q 0 0 0 rg BT 81.29 279.45 Td (for ) Tj ET Q q 0 0 0 rg BT 95.36 279.45 Td (contributions ) Tj ET Q q 0 0 0 rg BT 150.53 279.45 Td (to ) Tj ET Q q 0 0 0 rg BT 160.71 279.45 Td (the ) Tj ET Q q 0 0 0 rg BT 175.33 279.45 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 222.16 279.45 Td (Plan ) Tj ET Q q 0 0 0 rg BT 242.34 279.45 Td (for ) Tj ET Q q 0 0 0 rg BT 256.41 279.45 Td (the ) Tj ET Q q 0 0 0 rg BT 271.03 279.45 Td (years ) Tj ET Q q 0 0 0 rg BT 294.53 279.45 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.81 279.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 379.29 279.45 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.29 279.45 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.19 279.45 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.19 279.45 Td ( ) Tj ET Q q 0 0 0 rg BT 426.60 279.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.44 279.45 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.44 279.45 Td (, ) Tj ET Q q 0 0 0 rg BT 468.34 279.45 Td (respectively) Tj ET Q q 0 0 0 rg BT 516.00 279.45 Td (. ) Tj ET Q q 0 0 0 rg BT 520.73 279.45 Td (There ) Tj ET Q q 0 0 0 rg BT 546.45 279.45 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 267.45 Td ($0.2 ) Tj ET Q q 0 0 0 rg BT 69.86 267.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.75 267.45 Td ( ) Tj ET Q q 0 0 0 rg BT 101.11 267.45 Td (related ) Tj ET Q q 0 0 0 rg BT 130.67 267.45 Td (to ) Tj ET Q q 0 0 0 rg BT 140.80 267.45 Td (contributions ) Tj ET Q q 0 0 0 rg BT 195.93 267.45 Td (due ) Tj ET Q q 0 0 0 rg BT 212.73 267.45 Td (to ) Tj ET Q q 0 0 0 rg BT 222.86 267.45 Td (the ) Tj ET Q q 0 0 0 rg BT 237.44 267.45 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 284.22 267.45 Td (Plan ) Tj ET Q q 0 0 0 rg BT 304.36 267.45 Td (included ) Tj ET Q q 0 0 0 rg BT 341.15 267.45 Td (in ) Tj ET Q q 0 0 0 rg BT 351.29 267.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 409.19 267.45 Td (payable ) Tj ET Q q 0 0 0 rg BT 442.64 267.45 Td (at ) Tj ET Q q 0 0 0 rg BT 452.21 267.45 Td (each ) Tj ET Q q 0 0 0 rg BT 472.88 267.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.57 267.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 542.01 267.45 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 267.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 255.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 255.45 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.94 255.45 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 234.45 Td (GCI ) Tj ET Q q 0 0 0 rg BT 93.52 234.45 Td (also ) Tj ET Q q 0 0 0 rg BT 111.92 234.45 Td (operates ) Tj ET Q q 0 0 0 rg BT 147.53 234.45 Td (a ) Tj ET Q q 0 0 0 rg BT 154.26 234.45 Td (defined ) Tj ET Q q 0 0 0 rg BT 186.54 234.45 Td (contribution ) Tj ET Q q 0 0 0 rg BT 237.71 234.45 Td (pension ) Tj ET Q q 0 0 0 rg BT 271.12 234.45 Td (fund ) Tj ET Q q 0 0 0 rg BT 291.74 234.45 Td (for ) Tj ET Q q 0 0 0 rg BT 305.70 234.45 Td (its ) Tj ET Q q 0 0 0 rg BT 317.44 234.45 Td (employees. ) Tj ET Q q 0 0 0 rg BT 364.83 234.45 Td (The ) Tj ET Q q 0 0 0 rg BT 382.67 234.45 Td (assets ) Tj ET Q q 0 0 0 rg BT 408.29 234.45 Td (of ) Tj ET Q q 0 0 0 rg BT 418.92 234.45 Td (the ) Tj ET Q q 0 0 0 rg BT 433.43 234.45 Td (pension ) Tj ET Q q 0 0 0 rg BT 466.83 234.45 Td (fund ) Tj ET Q q 0 0 0 rg BT 487.46 234.45 Td (are ) Tj ET Q q 0 0 0 rg BT 501.96 234.45 Td (held ) Tj ET Q q 0 0 0 rg BT 521.47 234.45 Td (separately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 222.45 Td (in ) Tj ET Q q 0 0 0 rg BT 59.54 222.45 Td (an ) Tj ET Q q 0 0 0 rg BT 70.75 222.45 Td (independently ) Tj ET Q q 0 0 0 rg BT 129.16 222.45 Td (administered ) Tj ET Q q 0 0 0 rg BT 182.58 222.45 Td (fund. ) Tj ET Q q 0 0 0 rg BT 205.17 222.45 Td (For ) Tj ET Q q 0 0 0 rg BT 220.83 222.45 Td (the ) Tj ET Q q 0 0 0 rg BT 234.81 222.45 Td (years ) Tj ET Q q 0 0 0 rg BT 257.68 222.45 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.32 222.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 341.17 222.45 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.17 222.45 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.43 222.45 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.43 222.45 Td ( ) Tj ET Q q 0 0 0 rg BT 387.20 222.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.40 222.45 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.40 222.45 Td (, ) Tj ET Q q 0 0 0 rg BT 427.67 222.45 Td (GCI ) Tj ET Q q 0 0 0 rg BT 446.65 222.45 Td (incurred ) Tj ET Q q 0 0 0 rg BT 481.73 222.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 503.50 222.45 Td (for ) Tj ET Q q 0 0 0 rg BT 516.92 222.45 Td (the ) Tj ET Q q 0 0 0 rg BT 530.91 222.45 Td (funding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 210.45 Td (of ) Tj ET Q q 0 0 0 rg BT 60.98 210.45 Td (pension ) Tj ET Q q 0 0 0 rg BT 94.73 210.45 Td (contributions ) Tj ET Q q 0 0 0 rg BT 150.15 210.45 Td (of ) Tj ET Q q 0 0 0 rg BT 161.13 210.45 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.53 210.45 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 241.68 210.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.57 210.45 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.72 210.45 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 295.86 210.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.76 210.45 Td ( ) Tj ET Q q 0 0 0 rg BT 327.40 210.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.49 210.45 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 364.63 210.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.53 210.45 Td (, ) Tj ET Q q 0 0 0 rg BT 398.67 210.45 Td (respectively) Tj ET Q q 0 0 0 rg BT 446.33 210.45 Td (. ) Tj ET Q q 0 0 0 rg BT 451.48 210.45 Td ( ) Tj ET Q q 0 0 0 rg BT 453.54 210.45 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.19 210.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 524.92 210.45 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.92 210.45 Td ( ) Tj ET Q q 0 0 0 rg BT 547.57 210.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 198.45 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 198.45 Td (, ) Tj ET Q q 0 0 0 rg BT 75.91 198.45 Td (there ) Tj ET Q q 0 0 0 rg BT 99.30 198.45 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.14 198.45 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.14 198.45 Td ( ) Tj ET Q q 0 0 0 rg BT 135.55 198.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 172.85 198.45 Td (related ) Tj ET Q q 0 0 0 rg BT 203.46 198.45 Td (to ) Tj ET Q q 0 0 0 rg BT 214.65 198.45 Td (contributions ) Tj ET Q q 0 0 0 rg BT 270.83 198.45 Td (due ) Tj ET Q q 0 0 0 rg BT 288.68 198.45 Td (to ) Tj ET Q q 0 0 0 rg BT 299.87 198.45 Td (the ) Tj ET Q q 0 0 0 rg BT 315.49 198.45 Td (defined ) Tj ET Q q 0 0 0 rg BT 348.89 198.45 Td (contribution ) Tj ET Q q 0 0 0 rg BT 401.18 198.45 Td (pension ) Tj ET Q q 0 0 0 rg BT 435.70 198.45 Td (fund ) Tj ET Q q 0 0 0 rg BT 457.44 198.45 Td (included ) Tj ET Q q 0 0 0 rg BT 495.28 198.45 Td (in ) Tj ET Q q 0 0 0 rg BT 506.47 198.45 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 186.45 Td (payable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 165.45 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 113.99 165.45 Td (Australia ) Tj ET Q q 0 0 0 rg BT 153.51 165.45 Td (is ) Tj ET Q q 0 0 0 rg BT 163.05 165.45 Td (required ) Tj ET Q q 0 0 0 rg BT 199.22 165.45 Td (by ) Tj ET Q q 0 0 0 rg BT 211.45 165.45 Td (Australian ) Tj ET Q q 0 0 0 rg BT 255.97 165.45 Td (law ) Tj ET Q q 0 0 0 rg BT 273.27 165.45 Td (to ) Tj ET Q q 0 0 0 rg BT 283.92 165.45 Td (contribute ) Tj ET Q q 0 0 0 rg BT 327.32 165.45 Td (compulsory ) Tj ET Q q 0 0 0 rg BT 377.40 165.45 Td (superannuation ) Tj ET Q q 0 0 0 rg BT 441.36 165.45 Td (on ) Tj ET Q q 0 0 0 rg BT 454.22 165.45 Td (employees' ) Tj ET Q q 0 0 0 rg BT 501.65 165.45 Td (gross ) Tj ET Q q 0 0 0 rg BT 525.62 165.45 Td (earnings, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 153.45 Td (generally ) Tj ET Q q 0 0 0 rg BT 88.89 153.45 Td (at ) Tj ET Q q 0 0 0 rg BT 97.80 153.45 Td (a ) Tj ET Q q 0 0 0 rg BT 103.93 153.45 Td (rate ) Tj ET Q q 0 0 0 rg BT 120.61 153.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.63 153.45 Td (9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.96 153.45 Td (, ) Tj ET Q q 0 0 0 rg BT 148.15 153.45 Td (subject ) Tj ET Q q 0 0 0 rg BT 178.16 153.45 Td (to ) Tj ET Q q 0 0 0 rg BT 187.63 153.45 Td (an ) Tj ET Q q 0 0 0 rg BT 198.76 153.45 Td (annual ) Tj ET Q q 0 0 0 rg BT 227.11 153.45 Td (limit ) Tj ET Q q 0 0 0 rg BT 247.69 153.45 Td (per ) Tj ET Q q 0 0 0 rg BT 262.15 153.45 Td (employee. ) Tj ET Q q 0 0 0 rg BT 305.21 153.45 Td (Superannuation ) Tj ET Q q 0 0 0 rg BT 369.67 153.45 Td (is ) Tj ET Q q 0 0 0 rg BT 378.03 153.45 Td (a ) Tj ET Q q 0 0 0 rg BT 384.16 153.45 Td (defined ) Tj ET Q q 0 0 0 rg BT 415.84 153.45 Td (contribution ) Tj ET Q q 0 0 0 rg BT 466.41 153.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 485.32 153.45 Td (in ) Tj ET Q q 0 0 0 rg BT 494.79 153.45 Td (which ) Tj ET Q q 0 0 0 rg BT 520.91 153.45 Td (retirement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 141.45 Td (benefits ) Tj ET Q q 0 0 0 rg BT 85.15 141.45 Td (are ) Tj ET Q q 0 0 0 rg BT 100.85 141.45 Td (determined ) Tj ET Q q 0 0 0 rg BT 149.32 141.45 Td (by ) Tj ET Q q 0 0 0 rg BT 162.81 141.45 Td (the ) Tj ET Q q 0 0 0 rg BT 178.52 141.45 Td (contribution ) Tj ET Q q 0 0 0 rg BT 230.90 141.45 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 284.92 141.45 Td (over ) Tj ET Q q 0 0 0 rg BT 306.18 141.45 Td (the ) Tj ET Q q 0 0 0 rg BT 321.89 141.45 Td (working ) Tj ET Q q 0 0 0 rg BT 358.71 141.45 Td (life ) Tj ET Q q 0 0 0 rg BT 375.53 141.45 Td (plus ) Tj ET Q q 0 0 0 rg BT 395.69 141.45 Td (investment ) Tj ET Q q 0 0 0 rg BT 443.07 141.45 Td (earnings ) Tj ET Q q 0 0 0 rg BT 480.44 141.45 Td (within ) Tj ET Q q 0 0 0 rg BT 509.48 141.45 Td (the ) Tj ET Q q 0 0 0 rg BT 525.19 141.45 Td (fund ) Tj ET Q q 0 0 0 rg BT 547.02 141.45 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 129.45 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 91.44 129.45 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 131.42 129.45 Td (Australia ) Tj ET Q q 0 0 0 rg BT 170.92 129.45 Td (incurred ) Tj ET Q q 0 0 0 rg BT 207.07 129.45 Td (costs ) Tj ET Q q 0 0 0 rg BT 229.92 129.45 Td (for ) Tj ET Q q 0 0 0 rg BT 244.42 129.45 Td (the ) Tj ET Q q 0 0 0 rg BT 259.48 129.45 Td (funding ) Tj ET Q q 0 0 0 rg BT 293.43 129.45 Td (of ) Tj ET Q q 0 0 0 rg BT 304.60 129.45 Td (pension ) Tj ET Q q 0 0 0 rg BT 338.55 129.45 Td (contributions ) Tj ET Q q 0 0 0 rg BT 394.16 129.45 Td (of ) Tj ET Q q 0 0 0 rg BT 405.33 129.45 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.94 129.45 Td ($0.5 ) Tj ET Q q 0 0 0 rg BT 486.28 129.45 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.17 129.45 Td ( ) Tj ET Q q 0 0 0 rg BT 518.01 129.45 Td (for ) Tj ET Q q 0 0 0 rg BT 532.51 129.45 Td (each ) Tj ET Q q 0 0 0 rg BT 553.67 129.45 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 117.45 Td (the ) Tj ET Q q 0 0 0 rg BT 64.11 117.45 Td (years ) Tj ET Q q 0 0 0 rg BT 87.11 117.45 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.88 117.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 170.86 117.45 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.86 117.45 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.26 117.45 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.26 117.45 Td ( ) Tj ET Q q 0 0 0 rg BT 217.15 117.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.49 117.45 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.49 117.45 Td (, ) Tj ET Q q 0 0 0 rg BT 257.88 117.45 Td (respectively) Tj ET Q q 0 0 0 rg BT 305.54 117.45 Td (. ) Tj ET Q q 0 0 0 rg BT 309.94 117.45 Td ( ) Tj ET Q q 0 0 0 rg BT 311.42 117.45 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.31 117.45 Td (December31, ) Tj ET Q q 0 0 0 rg BT 381.29 117.45 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.29 117.45 Td ( ) Tj ET Q q 0 0 0 rg BT 403.19 117.45 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.52 117.45 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.52 117.45 Td (, ) Tj ET Q q 0 0 0 rg BT 443.92 117.45 Td (there ) Tj ET Q q 0 0 0 rg BT 465.80 117.45 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.13 117.45 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.13 117.45 Td ( ) Tj ET Q q 0 0 0 rg BT 499.02 117.45 Td (amounts ) Tj ET Q q 0 0 0 rg BT 534.80 117.45 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 105.45 Td (to ) Tj ET Q q 0 0 0 rg BT 60.28 105.45 Td (superannuation ) Tj ET Q q 0 0 0 rg BT 123.87 105.45 Td (contributions ) Tj ET Q q 0 0 0 rg BT 179.15 105.45 Td (due ) Tj ET Q q 0 0 0 rg BT 196.08 105.45 Td (to ) Tj ET Q q 0 0 0 rg BT 206.36 105.45 Td (the ) Tj ET Q q 0 0 0 rg BT 221.08 105.45 Td (defined ) Tj ET Q q 0 0 0 rg BT 253.56 105.45 Td (contribution ) Tj ET Q q 0 0 0 rg BT 304.95 105.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 324.66 105.45 Td (included ) Tj ET Q q 0 0 0 rg BT 361.60 105.45 Td (in ) Tj ET Q q 0 0 0 rg BT 371.88 105.45 Td (compensation ) Tj ET Q q 0 0 0 rg BT 429.92 105.45 Td (payable.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 81.45 Td (Note14 Restricted Stock Units) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.03 81.45 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 64.45 Td (The ) Tj ET Q q 0 0 0 rg BT 91.50 64.45 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.33 64.45 Td (has ) Tj ET Q q 0 0 0 rg BT 147.61 64.45 Td (adopted ) Tj ET Q q 0 0 0 rg BT 181.21 64.45 Td (an ) Tj ET Q q 0 0 0 rg BT 192.60 64.45 Td (equity ) Tj ET Q q 0 0 0 rg BT 219.54 64.45 Td (incentive ) Tj ET Q q 0 0 0 rg BT 258.14 64.45 Td (plan ) Tj ET Q q 0 0 0 rg BT 277.31 64.45 Td (to ) Tj ET Q q 0 0 0 rg BT 287.03 64.45 Td (motivate ) Tj ET Q q 0 0 0 rg BT 323.97 64.45 Td (its ) Tj ET Q q 0 0 0 rg BT 335.37 64.45 Td (employees ) Tj ET Q q 0 0 0 rg BT 380.08 64.45 Td (and ) Tj ET Q q 0 0 0 rg BT 396.47 64.45 Td (allow ) Tj ET Q q 0 0 0 rg BT 420.63 64.45 Td (them ) Tj ET Q q 0 0 0 rg BT 442.57 64.45 Td (to ) Tj ET Q q 0 0 0 rg BT 452.30 64.45 Td (participate ) Tj ET Q q 0 0 0 rg BT 496.45 64.45 Td (in ) Tj ET Q q 0 0 0 rg BT 506.17 64.45 Td (the ) Tj ET Q q 0 0 0 rg BT 520.34 64.45 Td (ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 52.45 Td (of ) Tj ET Q q 0 0 0 rg BT 61.04 52.45 Td (its ) Tj ET Q q 0 0 0 rg BT 73.20 52.45 Td (stock. ) Tj ET Q q 0 0 0 rg BT 99.52 52.45 Td (Under ) Tj ET Q q 0 0 0 rg BT 127.22 52.45 Td (the ) Tj ET Q q 0 0 0 rg BT 142.15 52.45 Td (Company) Tj ET Q q 0 0 0 rg BT 183.82 52.45 Td (s ) Tj ET Q q 0 0 0 rg BT 190.42 52.45 Td (plan, ) Tj ET Q q 0 0 0 rg BT 212.85 52.45 Td (restricted ) Tj ET Q q 0 0 0 rg BT 252.76 52.45 Td (stock ) Tj ET Q q 0 0 0 rg BT 276.58 52.45 Td (units, ) Tj ET Q q 0 0 0 rg BT 301.24 52.45 Td (which ) Tj ET Q q 0 0 0 rg BT 328.39 52.45 Td (represent ) Tj ET Q q 0 0 0 rg BT 367.75 52.45 Td (a ) Tj ET Q q 0 0 0 rg BT 374.90 52.45 Td (right ) Tj ET Q q 0 0 0 rg BT 396.50 52.45 Td (to ) Tj ET Q q 0 0 0 rg BT 406.98 52.45 Td (a ) Tj ET Q q 0 0 0 rg BT 414.13 52.45 Td (future ) Tj ET Q q 0 0 0 rg BT 440.72 52.45 Td (payment ) Tj ET Q q 0 0 0 rg BT 477.87 52.45 Td (equal ) Tj ET Q q 0 0 0 rg BT 502.23 52.45 Td (to ) Tj ET Q q 0 0 0 rg BT 512.72 52.45 Td (one ) Tj ET Q q 0 0 0 rg BT 529.87 52.45 Td (share ) Tj ET Q q 0 0 0 rg BT 553.68 52.45 Td (of ) Tj ET Q endstream endobj 177 0 obj <> endobj 178 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (common ) Tj ET Q q 0 0 0 rg BT 88.81 742.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 116.23 742.10 Td (may ) Tj ET Q q 0 0 0 rg BT 137.27 742.10 Td (be ) Tj ET Q q 0 0 0 rg BT 150.52 742.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 188.20 742.10 Td (to ) Tj ET Q q 0 0 0 rg BT 199.80 742.10 Td (employees, ) Tj ET Q q 0 0 0 rg BT 248.88 742.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 287.68 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.93 742.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 336.95 742.10 Td (other ) Tj ET Q q 0 0 0 rg BT 361.31 742.10 Td (non-employees ) Tj ET Q q 0 0 0 rg BT 426.22 742.10 Td (as ) Tj ET Q q 0 0 0 rg BT 438.37 742.10 Td (selected ) Tj ET Q q 0 0 0 rg BT 474.38 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 488.20 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.23 742.10 Td (Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (Committee. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.73 730.10 Td (A) Tj ET Q q 0 0 0 rg BT 105.04 730.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 131.22 730.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 163.51 730.10 Td (under ) Tj ET Q q 0 0 0 rg BT 188.59 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.11 730.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 222.63 730.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 262.14 730.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 280.55 730.10 Td (ratably ) Tj ET Q q 0 0 0 rg BT 310.62 730.10 Td (over ) Tj ET Q q 0 0 0 rg BT 330.69 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 337.44 730.10 Td (period ) Tj ET Q q 0 0 0 rg BT 365.29 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.92 730.10 Td (five ) Tj ET Q q 0 0 0 rg BT 393.77 730.10 Td (years ) Tj ET Q q 0 0 0 rg BT 417.18 730.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 459.48 730.10 Td (on ) Tj ET Q q 0 0 0 rg BT 471.78 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.30 730.10 Td (first ) Tj ET Q q 0 0 0 rg BT 504.72 730.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 553.67 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.35 718.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 87.03 718.10 Td (date ) Tj ET Q q 0 0 0 rg BT 105.82 718.10 Td (or ) Tj ET Q q 0 0 0 rg BT 116.28 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 126.19 718.10 Td (full ) Tj ET Q q 0 0 0 rg BT 142.21 718.10 Td (on ) Tj ET Q q 0 0 0 rg BT 154.34 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.69 718.10 Td (fifth ) Tj ET Q q 0 0 0 rg BT 188.04 718.10 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 236.82 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 247.28 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.63 718.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 284.31 718.10 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.47 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.45 718.10 Td (T) Tj ET Q q 0 0 0 rg BT 310.86 718.10 Td (o ) Tj ET Q q 0 0 0 rg BT 317.99 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.34 718.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 358.91 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.26 718.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 412.59 718.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 435.83 718.10 Td (units ) Tj ET Q q 0 0 0 rg BT 457.41 718.10 Td (are ) Tj ET Q q 0 0 0 rg BT 471.75 718.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 520.55 718.10 Td (at ) Tj ET Q q 0 0 0 rg BT 529.90 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.25 718.10 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.14 706.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 94.83 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 104.20 706.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 124.12 706.10 Td (on ) Tj ET Q q 0 0 0 rg BT 136.82 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.74 706.10 Td (common ) Tj ET Q q 0 0 0 rg BT 189.43 706.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 215.74 706.10 Td (a ) Tj ET Q q 0 0 0 rg BT 222.88 706.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 260.58 706.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 304.93 706.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 337.62 706.10 Td (is ) Tj ET Q q 0 0 0 rg BT 346.99 706.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 366.91 706.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.39 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.30 706.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 424.44 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.47 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.39 706.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 490.29 706.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 514.10 706.10 Td (units. ) Tj ET Q q 0 0 0 rg BT 538.75 706.10 Td (In ) Tj ET Q q 0 0 0 rg BT 549.78 706.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (event ) Tj ET Q q 0 0 0 rg BT 74.59 694.10 Td (that ) Tj ET Q q 0 0 0 rg BT 92.53 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.69 694.10 Td (holder) Tj ET Q q 0 0 0 rg BT 133.60 694.10 Td () Tj ET Q q 0 0 0 rg BT 136.38 694.10 Td (s ) Tj ET Q q 0 0 0 rg BT 143.21 694.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 196.14 694.10 Td (is ) Tj ET Q q 0 0 0 rg BT 205.75 694.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 251.45 694.10 Td (under ) Tj ET Q q 0 0 0 rg BT 277.16 694.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 336.74 694.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.46 694.10 Td (which ) Tj ET Q q 0 0 0 rg BT 374.83 694.10 Td (units ) Tj ET Q q 0 0 0 rg BT 397.22 694.10 Td (awarded ) Tj ET Q q 0 0 0 rg BT 434.03 694.10 Td (under ) Tj ET Q q 0 0 0 rg BT 459.74 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.89 694.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 495.05 694.10 Td (are ) Tj ET Q q 0 0 0 rg BT 510.20 694.10 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 547.56 694.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 87.34 682.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 131.33 682.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 172.00 682.10 Td (related ) Tj ET Q q 0 0 0 rg BT 201.55 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.67 682.10 Td (such ) Tj ET Q q 0 0 0 rg BT 232.34 682.10 Td (forfeiture, ) Tj ET Q q 0 0 0 rg BT 274.94 682.10 Td (which ) Tj ET Q q 0 0 0 rg BT 301.72 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 316.27 682.10 Td (unvested ) Tj ET Q q 0 0 0 rg BT 354.17 682.10 Td (for ) Tj ET Q q 0 0 0 rg BT 368.17 682.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 414.38 682.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 454.78 682.10 Td (are ) Tj ET Q q 0 0 0 rg BT 469.33 682.10 Td (required ) Tj ET Q q 0 0 0 rg BT 504.99 682.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.11 682.10 Td (be ) Tj ET Q q 0 0 0 rg BT 526.89 682.10 Td (repaid ) Tj ET Q q 0 0 0 rg BT 554.22 682.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 670.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 670.10 Td (Company) Tj ET Q q 0 0 0 rg BT 102.95 670.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 649.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.05 649.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 124.54 649.10 Td (related ) Tj ET Q q 0 0 0 rg BT 154.24 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.52 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.23 649.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 218.94 649.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 242.54 649.10 Td (units ) Tj ET Q q 0 0 0 rg BT 264.49 649.10 Td (is ) Tj ET Q q 0 0 0 rg BT 273.66 649.10 Td (set ) Tj ET Q q 0 0 0 rg BT 287.27 649.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 309.21 649.10 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 564.80 250.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 564.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 564.80 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 564.80 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 564.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 564.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 564.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 564.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 534.80 250.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 534.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 534.80 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 534.80 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 534.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 534.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 534.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 534.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 504.80 250.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 300.50 504.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 360.50 504.80 15.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 375.50 504.80 59.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 504.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 504.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 504.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 504.80 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 614.8 m 360.5 614.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 614.8 m 375.5 614.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 614.8 m 434.5 614.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 614.8 m 438.5 614.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 614.8 m 498.5 614.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 614.8 m 502.5 614.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 614.8 m 562.5 614.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 614.8 m 360.5 614.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 601.8 m 360.5 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360.5 601.8 m 375.5 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 601.8 m 434.5 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 614.8 m 498.5 614.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 601.8 m 498.5 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 601.8 m 502.5 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 601.8 m 562.5 601.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 564.8 m 360.5 564.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 564.8 m 434.5 564.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 564.8 m 498.5 564.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 564.8 m 562.5 564.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 504.8 m 360.5 504.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 504.8 m 434.5 504.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 504.8 m 498.5 504.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 504.8 m 562.5 504.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 490.8 m 360.5 490.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 300.5 488.8 m 360.5 488.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 490.8 m 434.5 490.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 375.5 488.8 m 434.5 488.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 490.8 m 498.5 490.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 488.8 m 498.5 488.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 490.8 m 562.5 490.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 488.8 m 562.5 488.8 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 370.40 619.03 Td (Restricted Stock Units Outstanding) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 359.00 606.03 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 492.00 606.03 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 320.85 569.03 Td (Units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 385.05 593.03 Td (GrantDate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 388.25 585.03 Td (W) Tj ET Q q 0 0 0 rg BT 395.81 585.03 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 382.30 577.03 Td (A) Tj ET Q q 0 0 0 rg BT 387.48 577.03 Td (verageFair) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 394.85 569.03 Td (V) Tj ET Q q 0 0 0 rg BT 399.89 569.03 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 458.85 569.03 Td (Units) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 512.55 593.03 Td (GrantDate) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 515.75 585.03 Td (W) Tj ET Q q 0 0 0 rg BT 523.31 585.03 Td (eighted) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 509.80 577.03 Td (A) Tj ET Q q 0 0 0 rg BT 514.98 577.03 Td (verageFair) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 522.35 569.03 Td (V) Tj ET Q q 0 0 0 rg BT 527.39 569.03 Td (alue) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 555.37 Td (Outstanding, January1,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.60 554.47 Td (3,065,363) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 554.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 554.47 Td (56.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 554.47 Td (3,503,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 554.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 554.47 Td (61.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 540.37 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.60 539.47 Td (1,772,439) Tj ET Q BT /F1 6.50 Tf ET q 0 0 0 rg BT 363.00 544.63 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 539.47 Td (36.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 539.47 Td (1,287,658) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 539.47 Td (49.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 525.37 Td (Delivered) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.80 524.52 Td (\(843,032) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 524.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 524.47 Td (62.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.30 524.52 Td (\(1,027,852) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 524.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 524.47 Td (64.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 509.47 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.80 509.52 Td (\(271,641) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.65 509.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 509.47 Td (48.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 509.52 Td (\(697,893) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 509.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 509.47 Td (56.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 495.37 Td (Outstanding, December31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.60 494.47 Td (3,723,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.00 494.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 494.47 Td (45.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.60 494.47 Td (3,065,363) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 494.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 494.47 Td (56.04) Tj ET Q BT /F1 10.00 Tf ET BT /F1 5.00 Tf ET q 0 0 0 rg BT 50.00 472.30 Td (_____________________________________________) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 460.30 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 460.30 Td (Excludes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.88 460.30 Td (1,999,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.88 460.30 Td ( ) Tj ET Q q 0 0 0 rg BT 154.60 460.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 178.43 460.30 Td (units ) Tj ET Q q 0 0 0 rg BT 200.61 460.30 Td (granted ) Tj ET Q q 0 0 0 rg BT 233.32 460.30 Td (to ) Tj ET Q q 0 0 0 rg BT 243.82 460.30 Td (employees ) Tj ET Q q 0 0 0 rg BT 289.30 460.30 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 336.47 460.30 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.97 460.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 405.78 460.30 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.78 460.30 Td ( ) Tj ET Q q 0 0 0 rg BT 428.50 460.30 Td (as ) Tj ET Q q 0 0 0 rg BT 439.55 460.30 Td (part ) Tj ET Q q 0 0 0 rg BT 457.82 460.30 Td (of ) Tj ET Q q 0 0 0 rg BT 468.88 460.30 Td (the ) Tj ET Q q 0 0 0 rg BT 483.82 460.30 Td (long ) Tj ET Q q 0 0 0 rg BT 504.32 460.30 Td (term ) Tj ET Q q 0 0 0 rg BT 525.37 460.30 Td (incentive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 448.30 Td (awards ) Tj ET Q q 0 0 0 rg BT 103.32 448.30 Td (program.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 427.30 Td (For ) Tj ET Q q 0 0 0 rg BT 92.36 427.30 Td (the ) Tj ET Q q 0 0 0 rg BT 109.04 427.30 Td (years ) Tj ET Q q 0 0 0 rg BT 134.61 427.30 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.96 427.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 223.51 427.30 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.51 427.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.48 427.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.48 427.30 Td ( ) Tj ET Q q 0 0 0 rg BT 274.95 427.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.85 427.30 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.85 427.30 Td (, ) Tj ET Q q 0 0 0 rg BT 320.82 427.30 Td (the ) Tj ET Q q 0 0 0 rg BT 337.51 427.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 380.86 427.30 Td (recognized ) Tj ET Q q 0 0 0 rg BT 429.19 427.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 489.20 427.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 525.88 427.30 Td (from ) Tj ET Q q 0 0 0 rg BT 549.78 427.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 415.30 Td (amortization ) Tj ET Q q 0 0 0 rg BT 103.04 415.30 Td (of ) Tj ET Q q 0 0 0 rg BT 113.87 415.30 Td (restricted ) Tj ET Q q 0 0 0 rg BT 153.57 415.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 177.18 415.30 Td (units, ) Tj ET Q q 0 0 0 rg BT 201.63 415.30 Td (net ) Tj ET Q q 0 0 0 rg BT 216.34 415.30 Td (of ) Tj ET Q q 0 0 0 rg BT 227.17 415.30 Td (forfeitures, ) Tj ET Q q 0 0 0 rg BT 273.82 415.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.65 415.30 Td ($46.5 ) Tj ET Q q 0 0 0 rg BT 309.65 415.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.54 415.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.54 415.30 Td ($39.6 ) Tj ET Q q 0 0 0 rg BT 368.54 415.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.43 415.30 Td ( ) Tj ET Q q 0 0 0 rg BT 399.93 415.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.87 415.30 Td ($56.1 ) Tj ET Q q 0 0 0 rg BT 441.87 415.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.76 415.30 Td (, ) Tj ET Q q 0 0 0 rg BT 475.76 415.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 523.42 415.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 394.30 Td (The ) Tj ET Q q 0 0 0 rg BT 92.48 394.30 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 166.48 394.30 Td (grant ) Tj ET Q q 0 0 0 rg BT 189.96 394.30 Td (date ) Tj ET Q q 0 0 0 rg BT 209.55 394.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 226.36 394.30 Td (value ) Tj ET Q q 0 0 0 rg BT 250.95 394.30 Td (for ) Tj ET Q q 0 0 0 rg BT 265.55 394.30 Td (restricted ) Tj ET Q q 0 0 0 rg BT 305.68 394.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 329.72 394.30 Td (units ) Tj ET Q q 0 0 0 rg BT 352.11 394.30 Td (granted ) Tj ET Q q 0 0 0 rg BT 385.02 394.30 Td (during ) Tj ET Q q 0 0 0 rg BT 414.07 394.30 Td (the ) Tj ET Q q 0 0 0 rg BT 429.22 394.30 Td (years ) Tj ET Q q 0 0 0 rg BT 453.25 394.30 Td (ended ) Tj ET Q q 0 0 0 rg BT 480.06 394.30 Td (December ) Tj ET Q q 0 0 0 rg BT 524.08 394.30 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.51 394.30 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.51 394.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 382.30 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 382.30 Td ( ) Tj ET Q q 0 0 0 rg BT 73.82 382.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.08 382.30 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.08 382.30 Td ( ) Tj ET Q q 0 0 0 rg BT 115.90 382.30 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.27 382.30 Td ($36.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.77 382.30 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.08 382.30 Td ($49.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.58 382.30 Td ( ) Tj ET Q q 0 0 0 rg BT 200.40 382.30 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 218.66 382.30 Td ($57.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.16 382.30 Td (, ) Tj ET Q q 0 0 0 rg BT 252.48 382.30 Td (respectively) Tj ET Q q 0 0 0 rg BT 300.14 382.30 Td (. ) Tj ET Q q 0 0 0 rg BT 305.62 382.30 Td (As ) Tj ET Q q 0 0 0 rg BT 320.55 382.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.70 382.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 392.60 382.30 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.60 382.30 Td (, ) Tj ET Q q 0 0 0 rg BT 418.92 382.30 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 476.60 382.30 Td (restricted ) Tj ET Q q 0 0 0 rg BT 517.62 382.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 542.55 382.30 Td (units ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 370.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 107.17 370.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 141.00 370.30 Td (was ) Tj ET Q q 0 0 0 rg BT 158.17 370.30 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.55 370.30 Td ($72.8 ) Tj ET Q q 0 0 0 rg BT 241.68 370.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.57 370.30 Td (, ) Tj ET Q q 0 0 0 rg BT 274.69 370.30 Td (with ) Tj ET Q q 0 0 0 rg BT 294.09 370.30 Td (such ) Tj ET Q q 0 0 0 rg BT 314.05 370.30 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 369.53 370.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 426.70 370.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 460.53 370.30 Td (expected ) Tj ET Q q 0 0 0 rg BT 497.69 370.30 Td (to ) Tj ET Q q 0 0 0 rg BT 507.09 370.30 Td (be ) Tj ET Q q 0 0 0 rg BT 518.15 370.30 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 358.30 Td (over ) Tj ET Q q 0 0 0 rg BT 70.27 358.30 Td (a ) Tj ET Q q 0 0 0 rg BT 77.21 358.30 Td (weighted ) Tj ET Q q 0 0 0 rg BT 116.36 358.30 Td (average ) Tj ET Q q 0 0 0 rg BT 149.95 358.30 Td (period ) Tj ET Q q 0 0 0 rg BT 177.99 358.30 Td (of ) Tj ET Q q 0 0 0 rg BT 188.82 358.30 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.08 358.30 Td (1.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.58 358.30 Td (years. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 337.30 Td (The ) Tj ET Q q 0 0 0 rg BT 92.43 337.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.19 337.30 Td (issues ) Tj ET Q q 0 0 0 rg BT 160.96 337.30 Td (restricted ) Tj ET Q q 0 0 0 rg BT 201.04 337.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 225.03 337.30 Td (units ) Tj ET Q q 0 0 0 rg BT 247.35 337.30 Td (to ) Tj ET Q q 0 0 0 rg BT 258.01 337.30 Td (employees ) Tj ET Q q 0 0 0 rg BT 303.65 337.30 Td (under ) Tj ET Q q 0 0 0 rg BT 329.30 337.30 Td (the ) Tj ET Q q 0 0 0 rg BT 344.40 337.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 372.27 337.30 Td (incentive ) Tj ET Q q 0 0 0 rg BT 411.80 337.30 Td (plan, ) Tj ET Q q 0 0 0 rg BT 434.39 337.30 Td (primarily ) Tj ET Q q 0 0 0 rg BT 474.48 337.30 Td (in ) Tj ET Q q 0 0 0 rg BT 485.14 337.30 Td (connection ) Tj ET Q q 0 0 0 rg BT 531.89 337.30 Td (with ) Tj ET Q q 0 0 0 rg BT 552.55 337.30 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 325.30 Td (annual ) Tj ET Q q 0 0 0 rg BT 79.20 325.30 Td (bonus ) Tj ET Q q 0 0 0 rg BT 105.64 325.30 Td (awards ) Tj ET Q q 0 0 0 rg BT 136.50 325.30 Td (and ) Tj ET Q q 0 0 0 rg BT 153.49 325.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 211.57 325.30 Td (agreements ) Tj ET Q q 0 0 0 rg BT 259.65 325.30 Td (for ) Tj ET Q q 0 0 0 rg BT 273.86 325.30 Td (new ) Tj ET Q q 0 0 0 rg BT 293.06 325.30 Td (hires. ) Tj ET Q q 0 0 0 rg BT 317.55 325.30 Td ( ) Tj ET Q q 0 0 0 rg BT 320.09 325.30 Td (In ) Tj ET Q q 0 0 0 rg BT 330.97 325.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 360.72 325.30 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 415.20 325.30 Td (the ) Tj ET Q q 0 0 0 rg BT 429.97 325.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 471.40 325.30 Td (may ) Tj ET Q q 0 0 0 rg BT 491.16 325.30 Td (settle ) Tj ET Q q 0 0 0 rg BT 514.81 325.30 Td (share-based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 313.30 Td (payment ) Tj ET Q q 0 0 0 rg BT 86.29 313.30 Td (awards ) Tj ET Q q 0 0 0 rg BT 116.46 313.30 Td (in ) Tj ET Q q 0 0 0 rg BT 126.09 313.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 145.71 313.30 Td (in ) Tj ET Q q 0 0 0 rg BT 155.34 313.30 Td (lieu ) Tj ET Q q 0 0 0 rg BT 172.19 313.30 Td (of ) Tj ET Q q 0 0 0 rg BT 182.38 313.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 209.22 313.30 Td (of ) Tj ET Q q 0 0 0 rg BT 219.40 313.30 Td (common ) Tj ET Q q 0 0 0 rg BT 256.25 313.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 279.21 313.30 Td (to ) Tj ET Q q 0 0 0 rg BT 288.84 313.30 Td (obtain ) Tj ET Q q 0 0 0 rg BT 315.69 313.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 329.76 313.30 Td (deductibility) Tj ET Q q 0 0 0 rg BT 379.66 313.30 Td (. ) Tj ET Q q 0 0 0 rg BT 384.01 313.30 Td (In ) Tj ET Q q 0 0 0 rg BT 394.19 313.30 Td (these ) Tj ET Q q 0 0 0 rg BT 416.59 313.30 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 477.59 313.30 Td (the ) Tj ET Q q 0 0 0 rg BT 491.66 313.30 Td (awards ) Tj ET Q q 0 0 0 rg BT 521.83 313.30 Td (are ) Tj ET Q q 0 0 0 rg BT 535.89 313.30 Td (settled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 301.30 Td (in ) Tj ET Q q 0 0 0 rg BT 59.61 301.30 Td (the ) Tj ET Q q 0 0 0 rg BT 73.67 301.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 93.27 301.30 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 136.76 301.30 Td (value ) Tj ET Q q 0 0 0 rg BT 160.25 301.30 Td (of ) Tj ET Q q 0 0 0 rg BT 170.42 301.30 Td (the ) Tj ET Q q 0 0 0 rg BT 184.47 301.30 Td (Company's ) Tj ET Q q 0 0 0 rg BT 230.88 301.30 Td (shares ) Tj ET Q q 0 0 0 rg BT 257.71 301.30 Td (of ) Tj ET Q q 0 0 0 rg BT 267.88 301.30 Td (common ) Tj ET Q q 0 0 0 rg BT 304.71 301.30 Td (stock ) Tj ET Q q 0 0 0 rg BT 327.65 301.30 Td (based ) Tj ET Q q 0 0 0 rg BT 352.26 301.30 Td (upon ) Tj ET Q q 0 0 0 rg BT 374.09 301.30 Td (their ) Tj ET Q q 0 0 0 rg BT 394.25 301.30 Td (value ) Tj ET Q q 0 0 0 rg BT 417.74 301.30 Td (at ) Tj ET Q q 0 0 0 rg BT 426.80 301.30 Td (settlement ) Tj ET Q q 0 0 0 rg BT 469.73 301.30 Td (date. ) Tj ET Q q 0 0 0 rg BT 490.59 301.30 Td (These ) Tj ET Q q 0 0 0 rg BT 516.30 301.30 Td (cash ) Tj ET Q q 0 0 0 rg BT 535.91 301.30 Td (settled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 289.30 Td (share-based ) Tj ET Q q 0 0 0 rg BT 99.70 289.30 Td (awards ) Tj ET Q q 0 0 0 rg BT 130.52 289.30 Td (are ) Tj ET Q q 0 0 0 rg BT 145.22 289.30 Td (classified ) Tj ET Q q 0 0 0 rg BT 185.49 289.30 Td (as ) Tj ET Q q 0 0 0 rg BT 196.32 289.30 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 236.04 289.30 Td (and ) Tj ET Q q 0 0 0 rg BT 252.97 289.30 Td (are ) Tj ET Q q 0 0 0 rg BT 267.68 289.30 Td (remeasured ) Tj ET Q q 0 0 0 rg BT 316.26 289.30 Td (at ) Tj ET Q q 0 0 0 rg BT 325.98 289.30 Td (fair ) Tj ET Q q 0 0 0 rg BT 342.36 289.30 Td (value ) Tj ET Q q 0 0 0 rg BT 366.51 289.30 Td (at ) Tj ET Q q 0 0 0 rg BT 376.23 289.30 Td (each ) Tj ET Q q 0 0 0 rg BT 397.05 289.30 Td (reporting ) Tj ET Q q 0 0 0 rg BT 436.20 289.30 Td (period. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 265.30 Td (Note15 Commitments and Contingencies) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 239.16 265.30 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 248.30 Td (The ) Tj ET Q q 0 0 0 rg BT 91.91 248.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.17 248.30 Td (has ) Tj ET Q q 0 0 0 rg BT 148.86 248.30 Td (entered ) Tj ET Q q 0 0 0 rg BT 180.65 248.30 Td (into ) Tj ET Q q 0 0 0 rg BT 198.57 248.30 Td (certain ) Tj ET Q q 0 0 0 rg BT 228.14 248.30 Td (leases ) Tj ET Q q 0 0 0 rg BT 254.38 248.30 Td (for ) Tj ET Q q 0 0 0 rg BT 268.41 248.30 Td (of) Tj ET Q q 0 0 0 rg BT 276.56 248.30 Td (fice ) Tj ET Q q 0 0 0 rg BT 293.91 248.30 Td (space ) Tj ET Q q 0 0 0 rg BT 318.48 248.30 Td (under ) Tj ET Q q 0 0 0 rg BT 343.62 248.30 Td (non-cancellable ) Tj ET Q q 0 0 0 rg BT 409.28 248.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 449.41 248.30 Td (lease ) Tj ET Q q 0 0 0 rg BT 471.76 248.30 Td (agreements ) Tj ET Q q 0 0 0 rg BT 519.66 248.30 Td (that ) Tj ET Q q 0 0 0 rg BT 537.02 248.30 Td (expire ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.30 Td (on ) Tj ET Q q 0 0 0 rg BT 62.50 236.30 Td (various ) Tj ET Q q 0 0 0 rg BT 94.44 236.30 Td (dates ) Tj ET Q q 0 0 0 rg BT 117.49 236.30 Td (through ) Tj ET Q q 0 0 0 rg BT 151.09 236.30 Td (2025.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 215.30 Td (As ) Tj ET Q q 0 0 0 rg BT 89.30 215.30 Td (of ) Tj ET Q q 0 0 0 rg BT 101.83 215.30 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.10 215.30 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.10 215.30 Td (, ) Tj ET Q q 0 0 0 rg BT 188.79 215.30 Td (the ) Tj ET Q q 0 0 0 rg BT 205.20 215.30 Td (approximate ) Tj ET Q q 0 0 0 rg BT 259.37 215.30 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 302.43 215.30 Td (minimum ) Tj ET Q q 0 0 0 rg BT 345.51 215.30 Td (future ) Tj ET Q q 0 0 0 rg BT 373.58 215.30 Td (rental ) Tj ET Q q 0 0 0 rg BT 400.53 215.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 443.05 215.30 Td (required ) Tj ET Q q 0 0 0 rg BT 480.56 215.30 Td (were ) Tj ET Q q 0 0 0 rg BT 504.18 215.30 Td (as ) Tj ET Q q 0 0 0 rg BT 516.70 215.30 Td (follows ) Tj ET Q q 0 0 0 rg BT 550.89 215.30 Td (\(in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 203.30 Td (thousands\):) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 182.00 452.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 182.00 60.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 168.00 452.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 154.00 452.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 154.00 60.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 140.00 452.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 126.00 452.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 126.00 60.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 112.00 452.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 98.00 452.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 98.00 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 98 m 562.5 98 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 98 m 562.5 98 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 84 m 562.5 84 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 82 m 562.5 82 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 172.57 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 172.57 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 172.57 Td (14,091) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 158.57 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 158.57 Td (14,411) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 144.57 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 144.57 Td (12,909) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 130.57 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 130.57 Td (10,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 116.57 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 116.57 Td (8,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 102.57 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 102.57 Td (6,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 88.57 Td (T) Tj ET Q q 0 0 0 rg BT 58.41 88.57 Td (otal ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 75.91 93.10 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 87.67 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 87.67 Td (68,374) Tj ET Q BT /F1 10.00 Tf ET BT /F1 5.00 Tf ET q 0 0 0 rg BT 50.00 65.50 Td (_____________________________________________) Tj ET Q endstream endobj 179 0 obj <> endobj 180 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 742.10 Td (Minimum ) Tj ET Q q 0 0 0 rg BT 114.81 742.10 Td (future ) Tj ET Q q 0 0 0 rg BT 141.00 742.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 166.07 742.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 206.70 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 221.21 742.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 258.50 742.10 Td (at ) Tj ET Q q 0 0 0 rg BT 268.02 742.10 Td (their ) Tj ET Q q 0 0 0 rg BT 288.65 742.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 312.07 742.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 348.27 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.01 742.10 Td (have ) Tj ET Q q 0 0 0 rg BT 386.20 742.10 Td (not ) Tj ET Q q 0 0 0 rg BT 401.28 742.10 Td (been ) Tj ET Q q 0 0 0 rg BT 422.47 742.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 456.42 742.10 Td (by ) Tj ET Q q 0 0 0 rg BT 468.73 742.10 Td (sublease ) Tj ET Q q 0 0 0 rg BT 504.91 742.10 Td (rentals ) Tj ET Q q 0 0 0 rg BT 533.87 742.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.51 742.10 Td ($0.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 730.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 101.39 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.93 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 118.13 730.10 Td (each ) Tj ET Q q 0 0 0 rg BT 138.98 730.10 Td (year ) Tj ET Q q 0 0 0 rg BT 158.73 730.10 Td (from ) Tj ET Q q 0 0 0 rg BT 180.71 730.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 203.25 730.10 Td (to ) Tj ET Q q 0 0 0 rg BT 213.56 730.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 236.10 730.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.08 730.10 Td ($0.6 ) Tj ET Q q 0 0 0 rg BT 273.12 730.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.01 730.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.55 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 314.87 730.10 Td (2019 ) Tj ET Q q 0 0 0 rg BT 337.41 730.10 Td (for ) Tj ET Q q 0 0 0 rg BT 351.61 730.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.90 730.10 Td (7,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.40 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.77 730.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 489.17 730.10 Td (square ) Tj ET Q q 0 0 0 rg BT 517.81 730.10 Td (footage ) Tj ET Q q 0 0 0 rg BT 550.34 730.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 718.10 Td (former ) Tj ET Q q 0 0 0 rg BT 102.33 718.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 133.83 718.10 Td (of) Tj ET Q q 0 0 0 rg BT 141.98 718.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 159.58 718.10 Td (space ) Tj ET Q q 0 0 0 rg BT 184.41 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.81 718.10 Td (New ) Tj ET Q q 0 0 0 rg BT 215.92 718.10 Td (Y) Tj ET Q q 0 0 0 rg BT 222.14 718.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 238.09 718.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.15 718.10 Td (London. ) Tj ET Q q 0 0 0 rg BT 291.18 718.10 Td (The ) Tj ET Q q 0 0 0 rg BT 309.35 718.10 Td (subleases ) Tj ET Q q 0 0 0 rg BT 349.74 718.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 379.01 718.10 Td (through ) Tj ET Q q 0 0 0 rg BT 412.74 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.57 718.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 452.41 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.36 718.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.19 718.10 Td (exiting ) Tj ET Q q 0 0 0 rg BT 508.58 718.10 Td (leases, ) Tj ET Q q 0 0 0 rg BT 537.58 718.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 706.10 Td (both ) Tj ET Q q 0 0 0 rg BT 92.78 706.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 133.04 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.32 706.10 Td (2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 685.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.05 685.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.43 685.10 Td (has ) Tj ET Q q 0 0 0 rg BT 149.26 685.10 Td (also ) Tj ET Q q 0 0 0 rg BT 167.87 685.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 199.80 685.10 Td (into ) Tj ET Q q 0 0 0 rg BT 217.85 685.10 Td (various ) Tj ET Q q 0 0 0 rg BT 249.79 685.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 290.05 685.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 316.43 685.10 Td (for ) Tj ET Q q 0 0 0 rg BT 330.59 685.10 Td (of) Tj ET Q q 0 0 0 rg BT 338.74 685.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 356.23 685.10 Td (equipment.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 664.10 Td (Rent ) Tj ET Q q 0 0 0 rg BT 95.81 664.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 130.95 664.10 Td (for ) Tj ET Q q 0 0 0 rg BT 145.54 664.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 173.45 664.10 Td (of) Tj ET Q q 0 0 0 rg BT 181.60 664.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 199.51 664.10 Td (space, ) Tj ET Q q 0 0 0 rg BT 227.14 664.10 Td (net ) Tj ET Q q 0 0 0 rg BT 242.29 664.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.55 664.10 Td (sublease ) Tj ET Q q 0 0 0 rg BT 290.35 664.10 Td (reimbursements, ) Tj ET Q q 0 0 0 rg BT 359.65 664.10 Td (for ) Tj ET Q q 0 0 0 rg BT 374.24 664.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.38 664.10 Td (years ) Tj ET Q q 0 0 0 rg BT 413.41 664.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 440.21 664.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.22 664.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.22 664.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.65 664.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.65 664.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.58 664.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 652.10 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 652.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.50 652.10 Td (was ) Tj ET Q q 0 0 0 rg BT 90.55 652.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.81 652.10 Td ($16.0 ) Tj ET Q q 0 0 0 rg BT 175.81 652.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.70 652.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.70 652.10 Td ($14.6 ) Tj ET Q q 0 0 0 rg BT 234.70 652.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.59 652.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.09 652.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.03 652.10 Td ($14.0 ) Tj ET Q q 0 0 0 rg BT 308.03 652.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.92 652.10 Td (, ) Tj ET Q q 0 0 0 rg BT 341.92 652.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 389.58 652.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 631.10 Td (During ) Tj ET Q q 0 0 0 rg BT 104.74 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.37 631.10 Td (year ) Tj ET Q q 0 0 0 rg BT 138.99 631.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 165.29 631.10 Td (December ) Tj ET Q q 0 0 0 rg BT 208.78 631.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 223.70 631.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 248.61 631.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.24 631.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 304.54 631.10 Td (subleased ) Tj ET Q q 0 0 0 rg BT 345.83 631.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 631.10 Td (15,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.50 631.10 Td ( ) Tj ET Q q 0 0 0 rg BT 435.92 631.10 Td (square ) Tj ET Q q 0 0 0 rg BT 464.43 631.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 481.83 631.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.57 631.10 Td (space ) Tj ET Q q 0 0 0 rg BT 517.19 631.10 Td (in ) Tj ET Q q 0 0 0 rg BT 527.38 631.10 Td (our ) Tj ET Q q 0 0 0 rg BT 543.13 631.10 Td (New ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 619.10 Td (Y) Tj ET Q q 0 0 0 rg BT 56.22 619.10 Td (ork ) Tj ET Q q 0 0 0 rg BT 71.75 619.10 Td (of) Tj ET Q q 0 0 0 rg BT 79.90 619.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 97.09 619.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.07 619.10 Td (GCP) Tj ET Q q 0 0 0 rg BT 126.15 619.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.35 619.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 159.43 619.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.07 619.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 204.92 619.10 Td (rental ) Tj ET Q q 0 0 0 rg BT 229.88 619.10 Td (reimbursements ) Tj ET Q q 0 0 0 rg BT 295.96 619.10 Td (related ) Tj ET Q q 0 0 0 rg BT 325.36 619.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.34 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.76 619.10 Td (sublease ) Tj ET Q q 0 0 0 rg BT 385.84 619.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.37 619.10 Td ($1.1 ) Tj ET Q q 0 0 0 rg BT 416.07 619.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.96 619.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.16 619.10 Td (for ) Tj ET Q q 0 0 0 rg BT 461.02 619.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.44 619.10 Td (year ) Tj ET Q q 0 0 0 rg BT 494.85 619.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 520.93 619.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 607.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 65.00 607.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 90.00 607.10 Td ( ) Tj ET Q q 0 0 0 rg BT 92.32 607.10 Td (The ) Tj ET Q q 0 0 0 rg BT 110.37 607.10 Td (sublease ) Tj ET Q q 0 0 0 rg BT 146.74 607.10 Td (was ) Tj ET Q q 0 0 0 rg BT 164.79 607.10 Td (terminated ) Tj ET Q q 0 0 0 rg BT 210.05 607.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.33 607.10 Td (December ) Tj ET Q q 0 0 0 rg BT 263.92 607.10 Td (2013. ) Tj ET Q q 0 0 0 rg BT 288.92 607.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 586.10 Td (Diversified ) Tj ET Q q 0 0 0 rg BT 121.41 586.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 158.81 586.10 Td (institutions ) Tj ET Q q 0 0 0 rg BT 205.69 586.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.11 586.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.66 586.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.08 586.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 277.94 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.69 586.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 313.88 586.10 Td (on ) Tj ET Q q 0 0 0 rg BT 326.30 586.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 353.71 586.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.47 586.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.11 586.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 420.42 586.10 Td (to ) Tj ET Q q 0 0 0 rg BT 430.62 586.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 458.58 586.10 Td (of) Tj ET Q q 0 0 0 rg BT 466.73 586.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 484.14 586.10 Td (space ) Tj ET Q q 0 0 0 rg BT 508.77 586.10 Td (leases, ) Tj ET Q q 0 0 0 rg BT 537.57 586.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 574.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.85 574.10 Td ($4.6 ) Tj ET Q q 0 0 0 rg BT 100.00 574.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.89 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.53 574.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.61 574.10 Td ($5.7 ) Tj ET Q q 0 0 0 rg BT 168.76 574.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.65 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.29 574.10 Td (at ) Tj ET Q q 0 0 0 rg BT 210.15 574.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.88 574.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.88 574.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.52 574.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.60 574.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.60 574.10 Td (, ) Tj ET Q q 0 0 0 rg BT 333.75 574.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 381.41 574.10 Td (. ) Tj ET Q q 0 0 0 rg BT 386.36 574.10 Td (These ) Tj ET Q q 0 0 0 rg BT 412.88 574.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 439.96 574.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.93 574.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 476.34 574.10 Td (were ) Tj ET Q q 0 0 0 rg BT 498.41 574.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 531.59 574.10 Td (by ) Tj ET Q q 0 0 0 rg BT 544.23 574.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 562.10 Td (held ) Tj ET Q q 0 0 0 rg BT 69.84 562.10 Td (on ) Tj ET Q q 0 0 0 rg BT 82.46 562.10 Td (deposit. ) Tj ET Q q 0 0 0 rg BT 115.89 562.10 Td (At ) Tj ET Q q 0 0 0 rg BT 128.51 562.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.21 562.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.21 562.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.84 562.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.90 562.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.90 562.10 Td (, ) Tj ET Q q 0 0 0 rg BT 252.02 562.10 Td (no ) Tj ET Q q 0 0 0 rg BT 264.64 562.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 301.15 562.10 Td (had ) Tj ET Q q 0 0 0 rg BT 318.20 562.10 Td (been ) Tj ET Q q 0 0 0 rg BT 339.70 562.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 367.31 562.10 Td (under ) Tj ET Q q 0 0 0 rg BT 392.70 562.10 Td (any ) Tj ET Q q 0 0 0 rg BT 409.76 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 420.71 562.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.55 562.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 462.61 562.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.56 562.10 Td (credit. ) Tj ET Q q 0 0 0 rg BT 501.44 562.10 Td (See ) Tj ET Q q 0 0 0 rg BT 518.50 562.10 Td (") Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.58 562.10 Td (Note4 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 550.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 72.50 550.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.44 550.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 111.94 550.10 Td (Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.15 550.10 Td (".) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 529.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.96 529.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 135.25 529.10 Td (is ) Tj ET Q q 0 0 0 rg BT 145.33 529.10 Td (from ) Tj ET Q q 0 0 0 rg BT 168.17 529.10 Td (time ) Tj ET Q q 0 0 0 rg BT 189.36 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.54 529.10 Td (time ) Tj ET Q q 0 0 0 rg BT 221.72 529.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 260.13 529.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.31 529.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 294.16 529.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 345.88 529.10 Td (incidental ) Tj ET Q q 0 0 0 rg BT 388.72 529.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.90 529.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.53 529.10 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 452.81 529.10 Td (course ) Tj ET Q q 0 0 0 rg BT 482.32 529.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.06 529.10 Td (its ) Tj ET Q q 0 0 0 rg BT 506.92 529.10 Td (business. ) Tj ET Q q 0 0 0 rg BT 546.47 529.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 517.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.39 517.10 Td (does ) Tj ET Q q 0 0 0 rg BT 112.22 517.10 Td (not ) Tj ET Q q 0 0 0 rg BT 127.50 517.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 158.87 517.10 Td (any ) Tj ET Q q 0 0 0 rg BT 175.81 517.10 Td (such ) Tj ET Q q 0 0 0 rg BT 196.64 517.10 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 247.45 517.10 Td (will ) Tj ET Q q 0 0 0 rg BT 265.51 517.10 Td (have ) Tj ET Q q 0 0 0 rg BT 286.88 517.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.82 517.10 Td (material ) Tj ET Q q 0 0 0 rg BT 329.08 517.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 362.12 517.10 Td (ef) Tj ET Q q 0 0 0 rg BT 369.71 517.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 387.19 517.10 Td (on ) Tj ET Q q 0 0 0 rg BT 399.69 517.10 Td (its ) Tj ET Q q 0 0 0 rg BT 411.64 517.10 Td (results ) Tj ET Q q 0 0 0 rg BT 440.25 517.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.08 517.10 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 493.10 Td (Note16 Income ) Tj ET Q q 0 0 0 rg BT 131.47 493.10 Td (T) Tj ET Q q 0 0 0 rg BT 137.22 493.10 Td (axes) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 155.55 493.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 476.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.05 476.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.43 476.10 Td (is ) Tj ET Q q 0 0 0 rg BT 142.60 476.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 173.43 476.10 Td (to ) Tj ET Q q 0 0 0 rg BT 183.71 476.10 Td (U.S.federal, ) Tj ET Q q 0 0 0 rg BT 236.74 476.10 Td (foreign, ) Tj ET Q q 0 0 0 rg BT 270.62 476.10 Td (state ) Tj ET Q q 0 0 0 rg BT 291.45 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.38 476.10 Td (local ) Tj ET Q q 0 0 0 rg BT 330.32 476.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 370.57 476.10 Td (income ) Tj ET Q q 0 0 0 rg BT 402.51 476.10 Td (taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 459.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.13 459.10 Td (components ) Tj ET Q q 0 0 0 rg BT 143.04 459.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.95 459.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.75 459.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 209.11 459.10 Td (for ) Tj ET Q q 0 0 0 rg BT 223.36 459.10 Td (income ) Tj ET Q q 0 0 0 rg BT 255.37 459.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 278.50 459.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 316.06 459.10 Td (on ) Tj ET Q q 0 0 0 rg BT 328.64 459.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.44 459.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 396.56 459.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 441.36 459.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.27 459.10 Td (income ) Tj ET Q q 0 0 0 rg BT 484.29 459.10 Td (are ) Tj ET Q q 0 0 0 rg BT 499.08 459.10 Td (set ) Tj ET Q q 0 0 0 rg BT 512.77 459.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 534.79 459.10 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 409.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 409.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 409.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 409.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 409.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 379.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 379.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 379.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 379.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 379.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 379.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 349.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 349.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 349.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 349.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 349.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 349.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 319.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 319.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 319.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 319.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 319.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 319.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 289.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 289.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 289.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 289.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 289.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 289.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 259.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 259.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 259.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 259.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 259.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 259.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 435.6 m 434.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 435.6 m 438.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 435.6 m 498.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 435.6 m 502.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 435.6 m 562.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 435.6 m 434.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 422.6 m 434.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 435.6 m 438.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 435.6 m 498.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 422.6 m 498.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 435.6 m 502.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 435.6 m 562.5 435.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 422.6 m 562.5 422.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 349.6 m 434.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 349.6 m 498.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 349.6 m 562.5 349.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 274.6 m 434.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 274.6 m 498.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 274.6 m 562.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 259.6 m 434.5 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 274.6 m 498.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 259.6 m 498.5 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 274.6 m 562.5 274.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 259.6 m 562.5 259.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 245.60000000000002 m 434.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 243.60000000000002 m 434.5 243.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 245.60000000000002 m 498.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 243.60000000000002 m 498.5 243.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 245.60000000000002 m 562.5 245.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 243.60000000000002 m 562.5 243.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.75 439.83 Td (For the Years Ended December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 426.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 426.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 426.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.65 413.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 400.17 Td (Current taxes:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 385.17 Td (U.S. federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 384.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 384.27 Td (15,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 384.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 384.27 Td (12,256) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 384.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 384.27 Td (19,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 370.17 Td (State and local) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 369.27 Td (3,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 369.27 Td (2,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 369.27 Td (1,709) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 355.17 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 354.27 Td (4,136) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 354.27 Td (5,778) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 354.27 Td (10,743) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 340.17 Td (Total current tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 339.27 Td (23,755) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 339.27 Td (20,449) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 339.27 Td (32,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 325.17 Td (Deferred taxes:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 310.17 Td (U.S. federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 309.32 Td (\(2,252) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 309.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 309.27 Td (1,454) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 309.32 Td (\(8,711) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 309.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 295.17 Td (State and local) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.30 294.32 Td (\(759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 294.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 294.27 Td (493) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.30 294.32 Td (\(265) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 294.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 280.17 Td (Foreign) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 279.32 Td (\(3,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 279.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 279.27 Td (1,686) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 279.27 Td (1,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.00 265.17 Td (Total deferred tax \(benefit\) expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 264.32 Td (\(6,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 264.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 264.27 Td (3,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 264.32 Td (\(7,710) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 264.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 250.17 Td (Total tax expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 249.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 249.27 Td (17,697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 249.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 249.27 Td (24,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 249.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 249.27 Td (24,524) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 221.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.36 221.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 134.07 221.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 171.87 221.10 Td (for ) Tj ET Q q 0 0 0 rg BT 186.35 221.10 Td (income ) Tj ET Q q 0 0 0 rg BT 218.60 221.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 241.96 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.56 221.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 300.34 221.10 Td (with ) Tj ET Q q 0 0 0 rg BT 320.31 221.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 342.58 221.10 Td (740, ) Tj ET Q q 0 0 0 rg BT 362.90 221.10 Td (which ) Tj ET Q q 0 0 0 rg BT 390.16 221.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 425.18 221.10 Td (an ) Tj ET Q q 0 0 0 rg BT 437.44 221.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 459.69 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.95 221.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 510.87 221.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 550.34 221.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 209.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.52 209.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 133.93 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.90 209.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 190.09 209.10 Td (for ) Tj ET Q q 0 0 0 rg BT 204.29 209.10 Td (income ) Tj ET Q q 0 0 0 rg BT 236.26 209.10 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 261.84 209.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 299.91 209.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 322.99 209.10 Td (are ) Tj ET Q q 0 0 0 rg BT 337.73 209.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 375.82 209.10 Td (for ) Tj ET Q q 0 0 0 rg BT 390.01 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.77 209.10 Td (net ) Tj ET Q q 0 0 0 rg BT 419.52 209.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 434.27 209.10 Td (ef) Tj ET Q q 0 0 0 rg BT 441.86 209.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 463.28 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 474.14 209.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 517.77 209.10 Td (dif) Tj ET Q q 0 0 0 rg BT 528.70 209.10 Td (ferences ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 197.10 Td (between ) Tj ET Q q 0 0 0 rg BT 84.73 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.36 197.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 133.09 197.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 168.39 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.14 197.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 202.88 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.74 197.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 257.37 197.10 Td (for ) Tj ET Q q 0 0 0 rg BT 270.45 197.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 306.84 197.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 344.91 197.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 381.88 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 397.73 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.36 197.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 446.67 197.10 Td (used ) Tj ET Q q 0 0 0 rg BT 466.41 197.10 Td (for ) Tj ET Q q 0 0 0 rg BT 479.49 197.10 Td (income ) Tj ET Q q 0 0 0 rg BT 510.33 197.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 523.97 197.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 564.52 197.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 185.10 Td (These ) Tj ET Q q 0 0 0 rg BT 76.41 185.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 112.25 185.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 135.32 185.10 Td (are ) Tj ET Q q 0 0 0 rg BT 150.06 185.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 190.91 185.10 Td (using ) Tj ET Q q 0 0 0 rg BT 215.11 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.86 185.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 262.92 185.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 277.67 185.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 299.08 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.05 185.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 336.91 185.10 Td (that ) Tj ET Q q 0 0 0 rg BT 354.44 185.10 Td (will ) Tj ET Q q 0 0 0 rg BT 372.53 185.10 Td (be ) Tj ET Q q 0 0 0 rg BT 384.50 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.81 185.10 Td (ef) Tj ET Q q 0 0 0 rg BT 402.40 185.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 419.91 185.10 Td (when ) Tj ET Q q 0 0 0 rg BT 444.11 185.10 Td (such ) Tj ET Q q 0 0 0 rg BT 464.97 185.10 Td (dif) Tj ET Q q 0 0 0 rg BT 475.90 185.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 511.73 185.10 Td (are ) Tj ET Q q 0 0 0 rg BT 526.47 185.10 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.88 173.10 Td (reverse. ) Tj ET Q q 0 0 0 rg BT 93.34 173.10 Td (Further) Tj ET Q q 0 0 0 rg BT 122.38 173.10 Td (, ) Tj ET Q q 0 0 0 rg BT 126.98 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.29 173.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 182.28 173.10 Td (intends ) Tj ET Q q 0 0 0 rg BT 213.27 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.14 173.10 Td (indefinitely ) Tj ET Q q 0 0 0 rg BT 271.34 173.10 Td (reinvest ) Tj ET Q q 0 0 0 rg BT 305.09 173.10 Td (its ) Tj ET Q q 0 0 0 rg BT 316.64 173.10 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 354.85 173.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 398.06 173.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 434.04 173.10 Td (outside ) Tj ET Q q 0 0 0 rg BT 465.02 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.45 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.76 173.10 Td (United ) Tj ET Q q 0 0 0 rg BT 519.08 173.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 547.57 173.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 161.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.69 161.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 108.61 161.10 Td (have ) Tj ET Q q 0 0 0 rg BT 129.87 161.10 Td (not ) Tj ET Q q 0 0 0 rg BT 145.03 161.10 Td (been ) Tj ET Q q 0 0 0 rg BT 166.28 161.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 204.21 161.10 Td (on ) Tj ET Q q 0 0 0 rg BT 216.59 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.18 161.10 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 277.99 161.10 Td (undistributed ) Tj ET Q q 0 0 0 rg BT 333.14 161.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 369.40 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.11 161.10 Td (its ) Tj ET Q q 0 0 0 rg BT 391.94 161.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 423.19 161.10 Td (subsidiaries. ) Tj ET Q q 0 0 0 rg BT 475.29 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 477.67 161.10 Td (If ) Tj ET Q q 0 0 0 rg BT 486.71 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.31 161.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 542.57 161.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.38 149.10 Td (repatriate ) Tj ET Q q 0 0 0 rg BT 100.72 149.10 Td (all ) Tj ET Q q 0 0 0 rg BT 113.31 149.10 Td (non-U.S. ) Tj ET Q q 0 0 0 rg BT 152.02 149.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 195.73 149.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 232.20 149.10 Td (as ) Tj ET Q q 0 0 0 rg BT 243.13 149.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.05 149.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 312.74 149.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.74 149.10 Td (, ) Tj ET Q q 0 0 0 rg BT 337.83 149.10 Td (it ) Tj ET Q q 0 0 0 rg BT 345.99 149.10 Td (would ) Tj ET Q q 0 0 0 rg BT 373.58 149.10 Td (result ) Tj ET Q q 0 0 0 rg BT 398.40 149.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.77 149.10 Td ($3.8 ) Tj ET Q q 0 0 0 rg BT 428.87 149.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.76 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.36 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.28 149.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 513.87 149.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 534.25 149.10 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 137.10 Td (tax, ) Tj ET Q q 0 0 0 rg BT 67.22 137.10 Td (including ) Tj ET Q q 0 0 0 rg BT 107.49 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.21 137.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 165.25 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.08 137.10 Td (any ) Tj ET Q q 0 0 0 rg BT 193.02 137.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 236.06 137.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 267.44 137.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 282.16 137.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 307.42 137.10 Td (carryforwards. ) Tj ET Q endstream endobj 181 0 obj <> endobj 182 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 742.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 96.38 742.10 Td (components ) Tj ET Q q 0 0 0 rg BT 147.21 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.04 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.75 742.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 219.83 742.10 Td (net ) Tj ET Q q 0 0 0 rg BT 234.55 742.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 270.36 742.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 285.07 742.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 310.90 742.10 Td (and ) Tj ET Q q 0 0 0 rg BT 327.84 742.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 367.56 742.10 Td (are ) Tj ET Q q 0 0 0 rg BT 382.27 742.10 Td (set ) Tj ET Q q 0 0 0 rg BT 395.87 742.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 417.81 742.10 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 681.80 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 681.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 681.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 681.80 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 666.80 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 651.80 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 651.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 651.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 651.80 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 636.80 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 621.80 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 621.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 621.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 621.80 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 606.80 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 591.80 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 591.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 591.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 591.80 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 576.80 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 561.80 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 561.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 561.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 561.80 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 546.80 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 531.80 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 531.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 531.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 531.80 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 516.80 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 501.80 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 501.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 501.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 501.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 471.80 388.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 471.80 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 471.80 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 471.80 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 707.8 m 498.5 707.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 707.8 m 502.5 707.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 707.8 m 562.5 707.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 707.8 m 498.5 707.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 694.8 m 498.5 694.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 707.8 m 502.5 707.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 707.8 m 562.5 707.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 694.8 m 562.5 694.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 546.8 m 498.5 546.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 531.8 m 498.5 531.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 546.8 m 562.5 546.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 531.8 m 562.5 531.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 486.8 m 498.5 486.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 486.8 m 562.5 486.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 471.8 m 498.5 471.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 457.8 m 498.5 457.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 455.8 m 498.5 455.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 471.8 m 562.5 471.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 457.8 m 562.5 457.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 455.8 m 562.5 455.8 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 466.95 712.03 Td (As of December31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 699.03 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 699.03 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 475.65 686.03 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 672.37 Td (Deferred tax assets:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 657.37 Td (Compensation and benefits) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 656.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 656.47 Td (30,680) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 656.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 656.47 Td (31,677) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 642.37 Td (Depreciation and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 641.47 Td (2,637) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 641.47 Td (2,699) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 627.37 Td (Cumulative translation adjustment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 626.47 Td (17,503) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 626.47 Td (10,942) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 612.37 Td (Operating loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 611.47 Td (3,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 611.47 Td (4,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 597.37 Td (Capital loss carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 596.47 Td (2,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 596.47 Td (2,581) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 582.37 Td (Foreign tax credit carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 581.47 Td (312) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 581.47 Td (351) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 567.37 Td (Other financial accruals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 566.47 Td (1,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 566.47 Td (332) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 552.37 Td (Valuation allowances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 551.52 Td (\(2,738) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 551.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.80 551.52 Td (\(2,932) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.65 551.47 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 537.37 Td (Total deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 536.47 Td (56,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 536.47 Td (50,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 522.37 Td (Deferred tax liabilities:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 507.37 Td (Unrealized gain on investments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 506.47 Td (242) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 506.47 Td (362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 492.37 Td (Other financial accruals) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 491.47 Td (1,338) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.65 491.47 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 477.37 Td (Total deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 476.47 Td (1,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 476.47 Td (362) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 462.37 Td (Net deferred tax asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 461.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 461.47 Td (54,492) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 461.47 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 461.47 Td (49,882) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 433.30 Td (Based ) Tj ET Q q 0 0 0 rg BT 100.43 433.30 Td (on ) Tj ET Q q 0 0 0 rg BT 112.42 433.30 Td (the ) Tj ET Q q 0 0 0 rg BT 126.63 433.30 Td (Company's ) Tj ET Q q 0 0 0 rg BT 173.20 433.30 Td (historical ) Tj ET Q q 0 0 0 rg BT 212.41 433.30 Td (taxable ) Tj ET Q q 0 0 0 rg BT 243.27 433.30 Td (income ) Tj ET Q q 0 0 0 rg BT 274.70 433.30 Td (and ) Tj ET Q q 0 0 0 rg BT 291.13 433.30 Td (its ) Tj ET Q q 0 0 0 rg BT 302.57 433.30 Td (expectation ) Tj ET Q q 0 0 0 rg BT 350.65 433.30 Td (for ) Tj ET Q q 0 0 0 rg BT 364.30 433.30 Td (taxable ) Tj ET Q q 0 0 0 rg BT 395.17 433.30 Td (income ) Tj ET Q q 0 0 0 rg BT 426.59 433.30 Td (in ) Tj ET Q q 0 0 0 rg BT 436.36 433.30 Td (the ) Tj ET Q q 0 0 0 rg BT 450.57 433.30 Td (future, ) Tj ET Q q 0 0 0 rg BT 478.94 433.30 Td (management ) Tj ET Q q 0 0 0 rg BT 532.02 433.30 Td (expects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 421.30 Td (that ) Tj ET Q q 0 0 0 rg BT 68.50 421.30 Td (its ) Tj ET Q q 0 0 0 rg BT 81.46 421.30 Td (lar) Tj ET Q q 0 0 0 rg BT 91.83 421.30 Td (gest ) Tj ET Q q 0 0 0 rg BT 111.45 421.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 148.26 421.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 163.99 421.30 Td (asset, ) Tj ET Q q 0 0 0 rg BT 189.44 421.30 Td (which ) Tj ET Q q 0 0 0 rg BT 217.39 421.30 Td (relates ) Tj ET Q q 0 0 0 rg BT 246.99 421.30 Td (principally ) Tj ET Q q 0 0 0 rg BT 293.82 421.30 Td (to ) Tj ET Q q 0 0 0 rg BT 305.11 421.30 Td (compensation ) Tj ET Q q 0 0 0 rg BT 364.16 421.30 Td (expense ) Tj ET Q q 0 0 0 rg BT 399.88 421.30 Td (deducted ) Tj ET Q q 0 0 0 rg BT 439.48 421.30 Td (for ) Tj ET Q q 0 0 0 rg BT 454.65 421.30 Td (book ) Tj ET Q q 0 0 0 rg BT 478.16 421.30 Td (purposes ) Tj ET Q q 0 0 0 rg BT 517.22 421.30 Td (but ) Tj ET Q q 0 0 0 rg BT 533.51 421.30 Td (not ) Tj ET Q q 0 0 0 rg BT 549.80 421.30 Td (yet ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 409.30 Td (deducted ) Tj ET Q q 0 0 0 rg BT 88.59 409.30 Td (for ) Tj ET Q q 0 0 0 rg BT 102.75 409.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 117.47 409.30 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 158.02 409.30 Td (will ) Tj ET Q q 0 0 0 rg BT 176.08 409.30 Td (be ) Tj ET Q q 0 0 0 rg BT 188.02 409.30 Td (realized ) Tj ET Q q 0 0 0 rg BT 222.16 409.30 Td (as ) Tj ET Q q 0 0 0 rg BT 232.99 409.30 Td (of) Tj ET Q q 0 0 0 rg BT 241.14 409.30 Td (fsets ) Tj ET Q q 0 0 0 rg BT 261.97 409.30 Td (tofuture ) Tj ET Q q 0 0 0 rg BT 298.62 409.30 Td (taxable ) Tj ET Q q 0 0 0 rg BT 330.00 409.30 Td (income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 388.30 Td (The ) Tj ET Q q 0 0 0 rg BT 92.33 388.30 Td (Company) Tj ET Q q 0 0 0 rg BT 134.00 388.30 Td (s ) Tj ET Q q 0 0 0 rg BT 140.68 388.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 176.77 388.30 Td (taxes ) Tj ET Q q 0 0 0 rg BT 200.10 388.30 Td (for ) Tj ET Q q 0 0 0 rg BT 214.55 388.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 255.10 388.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 273.45 388.30 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 332.32 388.30 Td (relate ) Tj ET Q q 0 0 0 rg BT 357.31 388.30 Td (to ) Tj ET Q q 0 0 0 rg BT 367.87 388.30 Td (losses ) Tj ET Q q 0 0 0 rg BT 394.55 388.30 Td (incurred ) Tj ET Q q 0 0 0 rg BT 430.65 388.30 Td (in ) Tj ET Q q 0 0 0 rg BT 441.22 388.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 472.88 388.30 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 527.41 388.30 Td (W) Tj ET Q q 0 0 0 rg BT 536.45 388.30 Td (ith ) Tj ET Q q 0 0 0 rg BT 549.79 388.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 376.30 Td (exception ) Tj ET Q q 0 0 0 rg BT 91.94 376.30 Td (of ) Tj ET Q q 0 0 0 rg BT 103.33 376.30 Td (recently ) Tj ET Q q 0 0 0 rg BT 138.60 376.30 Td (established ) Tj ET Q q 0 0 0 rg BT 186.09 376.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 218.03 376.30 Td (of) Tj ET Q q 0 0 0 rg BT 226.18 376.30 Td (fices, ) Tj ET Q q 0 0 0 rg BT 250.63 376.30 Td (the ) Tj ET Q q 0 0 0 rg BT 265.91 376.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 297.85 376.30 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 350.35 376.30 Td (with ) Tj ET Q q 0 0 0 rg BT 371.20 376.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 412.02 376.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 430.65 376.30 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 489.79 376.30 Td (were ) Tj ET Q q 0 0 0 rg BT 512.29 376.30 Td (profitable ) Tj ET Q q 0 0 0 rg BT 554.22 376.30 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 364.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 71.67 364.30 Td (years ) Tj ET Q q 0 0 0 rg BT 95.00 364.30 Td (or ) Tj ET Q q 0 0 0 rg BT 105.56 364.30 Td (were ) Tj ET Q q 0 0 0 rg BT 127.22 364.30 Td (profitable ) Tj ET Q q 0 0 0 rg BT 168.33 364.30 Td (in ) Tj ET Q q 0 0 0 rg BT 178.33 364.30 Td (the ) Tj ET Q q 0 0 0 rg BT 192.78 364.30 Td (current ) Tj ET Q q 0 0 0 rg BT 223.33 364.30 Td (year) Tj ET Q q 0 0 0 rg BT 239.99 364.30 Td (. ) Tj ET Q q 0 0 0 rg BT 244.56 364.30 Td (When ) Tj ET Q q 0 0 0 rg BT 270.66 364.30 Td (assessing ) Tj ET Q q 0 0 0 rg BT 310.12 364.30 Td (the ) Tj ET Q q 0 0 0 rg BT 324.57 364.30 Td (need ) Tj ET Q q 0 0 0 rg BT 345.67 364.30 Td (for ) Tj ET Q q 0 0 0 rg BT 359.57 364.30 Td (a ) Tj ET Q q 0 0 0 rg BT 366.24 364.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 405.68 364.30 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 450.94 364.30 Td (management ) Tj ET Q q 0 0 0 rg BT 504.26 364.30 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 543.70 364.30 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 352.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 81.18 352.30 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 129.03 352.30 Td (separately ) Tj ET Q q 0 0 0 rg BT 171.86 352.30 Td (and ) Tj ET Q q 0 0 0 rg BT 188.60 352.30 Td (considers ) Tj ET Q q 0 0 0 rg BT 228.67 352.30 Td (items ) Tj ET Q q 0 0 0 rg BT 252.64 352.30 Td (such ) Tj ET Q q 0 0 0 rg BT 273.27 352.30 Td (as ) Tj ET Q q 0 0 0 rg BT 283.90 352.30 Td (estimated ) Tj ET Q q 0 0 0 rg BT 324.52 352.30 Td (future ) Tj ET Q q 0 0 0 rg BT 350.70 352.30 Td (taxable ) Tj ET Q q 0 0 0 rg BT 381.88 352.30 Td (income, ) Tj ET Q q 0 0 0 rg BT 416.11 352.30 Td (cost ) Tj ET Q q 0 0 0 rg BT 434.52 352.30 Td (bases, ) Tj ET Q q 0 0 0 rg BT 460.98 352.30 Td (and ) Tj ET Q q 0 0 0 rg BT 477.72 352.30 Td (other ) Tj ET Q q 0 0 0 rg BT 500.57 352.30 Td (various ) Tj ET Q q 0 0 0 rg BT 532.31 352.30 Td (factors. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 340.30 Td (Based ) Tj ET Q q 0 0 0 rg BT 77.20 340.30 Td (on ) Tj ET Q q 0 0 0 rg BT 89.96 340.30 Td (all ) Tj ET Q q 0 0 0 rg BT 102.72 340.30 Td (available ) Tj ET Q q 0 0 0 rg BT 141.57 340.30 Td (information, ) Tj ET Q q 0 0 0 rg BT 194.05 340.30 Td (the ) Tj ET Q q 0 0 0 rg BT 209.03 340.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 250.68 340.30 Td (has ) Tj ET Q q 0 0 0 rg BT 266.77 340.30 Td (determined ) Tj ET Q q 0 0 0 rg BT 314.51 340.30 Td (that ) Tj ET Q q 0 0 0 rg BT 332.27 340.30 Td (it ) Tj ET Q q 0 0 0 rg BT 340.59 340.30 Td (is ) Tj ET Q q 0 0 0 rg BT 350.02 340.30 Td (more ) Tj ET Q q 0 0 0 rg BT 373.33 340.30 Td (likely ) Tj ET Q q 0 0 0 rg BT 398.87 340.30 Td (than ) Tj ET Q q 0 0 0 rg BT 418.85 340.30 Td (not ) Tj ET Q q 0 0 0 rg BT 434.39 340.30 Td (that ) Tj ET Q q 0 0 0 rg BT 452.15 340.30 Td (it ) Tj ET Q q 0 0 0 rg BT 460.47 340.30 Td (will ) Tj ET Q q 0 0 0 rg BT 478.79 340.30 Td (realize ) Tj ET Q q 0 0 0 rg BT 508.19 340.30 Td (the ) Tj ET Q q 0 0 0 rg BT 523.17 340.30 Td (benefit ) Tj ET Q q 0 0 0 rg BT 553.69 340.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.30 Td (these ) Tj ET Q q 0 0 0 rg BT 73.05 328.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 113.31 328.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 131.37 328.30 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 189.95 328.30 Td (in ) Tj ET Q q 0 0 0 rg BT 200.22 328.30 Td (future ) Tj ET Q q 0 0 0 rg BT 226.60 328.30 Td (periods; ) Tj ET Q q 0 0 0 rg BT 261.32 328.30 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 302.40 328.30 Td (a ) Tj ET Q q 0 0 0 rg BT 309.34 328.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 349.05 328.30 Td (allowance ) Tj ET Q q 0 0 0 rg BT 392.08 328.30 Td (has ) Tj ET Q q 0 0 0 rg BT 407.91 328.30 Td (not ) Tj ET Q q 0 0 0 rg BT 423.19 328.30 Td (been ) Tj ET Q q 0 0 0 rg BT 444.56 328.30 Td (established ) Tj ET Q q 0 0 0 rg BT 491.49 328.30 Td (for ) Tj ET Q q 0 0 0 rg BT 505.65 328.30 Td (these ) Tj ET Q q 0 0 0 rg BT 528.70 328.30 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 65.69 316.30 Td (assets. ) Tj ET Q q 0 0 0 rg BT 94.99 316.30 Td ( ) Tj ET Q q 0 0 0 rg BT 97.70 316.30 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.17 316.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 170.72 316.30 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.72 316.30 Td (, ) Tj ET Q q 0 0 0 rg BT 196.69 316.30 Td (the ) Tj ET Q q 0 0 0 rg BT 212.38 316.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 254.74 316.30 Td (had ) Tj ET Q q 0 0 0 rg BT 272.65 316.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 305.00 316.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 346.24 316.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 365.27 316.30 Td (carryforwards, ) Tj ET Q q 0 0 0 rg BT 427.32 316.30 Td (which ) Tj ET Q q 0 0 0 rg BT 455.23 316.30 Td (in ) Tj ET Q q 0 0 0 rg BT 466.48 316.30 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 508.81 316.30 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.50 316.30 Td ($12.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 304.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.89 304.30 Td (, ) Tj ET Q q 0 0 0 rg BT 83.89 304.30 Td (and ) Tj ET Q q 0 0 0 rg BT 100.83 304.30 Td (may ) Tj ET Q q 0 0 0 rg BT 120.55 304.30 Td (be ) Tj ET Q q 0 0 0 rg BT 132.49 304.30 Td (carried ) Tj ET Q q 0 0 0 rg BT 162.74 304.30 Td (forward ) Tj ET Q q 0 0 0 rg BT 196.89 304.30 Td (for ) Tj ET Q q 0 0 0 rg BT 211.05 304.30 Td (fifteen ) Tj ET Q q 0 0 0 rg BT 239.64 304.30 Td (years ) Tj ET Q q 0 0 0 rg BT 263.24 304.30 Td (and ) Tj ET Q q 0 0 0 rg BT 280.18 304.30 Td (longer) Tj ET Q q 0 0 0 rg BT 305.18 304.30 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 283.30 Td (Due ) Tj ET Q q 0 0 0 rg BT 92.96 283.30 Td (to ) Tj ET Q q 0 0 0 rg BT 103.04 283.30 Td (the ) Tj ET Q q 0 0 0 rg BT 117.56 283.30 Td (Company) Tj ET Q q 0 0 0 rg BT 159.23 283.30 Td (s ) Tj ET Q q 0 0 0 rg BT 165.42 283.30 Td (operating ) Tj ET Q q 0 0 0 rg BT 205.49 283.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 223.35 283.30 Td (carryforward ) Tj ET Q q 0 0 0 rg BT 277.84 283.30 Td (position, ) Tj ET Q q 0 0 0 rg BT 314.87 283.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 329.39 283.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 363.35 283.30 Td (related ) Tj ET Q q 0 0 0 rg BT 392.85 283.30 Td (to ) Tj ET Q q 0 0 0 rg BT 402.93 283.30 Td (share-based ) Tj ET Q q 0 0 0 rg BT 452.43 283.30 Td (payments ) Tj ET Q q 0 0 0 rg BT 493.06 283.30 Td (generally ) Tj ET Q q 0 0 0 rg BT 532.56 283.30 Td (booked ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 271.30 Td (through ) Tj ET Q q 0 0 0 rg BT 83.15 271.30 Td (equity ) Tj ET Q q 0 0 0 rg BT 110.19 271.30 Td (accounts ) Tj ET Q q 0 0 0 rg BT 147.22 271.30 Td (may ) Tj ET Q q 0 0 0 rg BT 166.48 271.30 Td (not ) Tj ET Q q 0 0 0 rg BT 181.30 271.30 Td (be ) Tj ET Q q 0 0 0 rg BT 192.78 271.30 Td (recorded ) Tj ET Q q 0 0 0 rg BT 229.80 271.30 Td (until ) Tj ET Q q 0 0 0 rg BT 250.18 271.30 Td (such ) Tj ET Q q 0 0 0 rg BT 270.55 271.30 Td (time ) Tj ET Q q 0 0 0 rg BT 290.37 271.30 Td (as ) Tj ET Q q 0 0 0 rg BT 300.74 271.30 Td (the ) Tj ET Q q 0 0 0 rg BT 315.00 271.30 Td (benefit ) Tj ET Q q 0 0 0 rg BT 344.81 271.30 Td (is ) Tj ET Q q 0 0 0 rg BT 353.53 271.30 Td (realized ) Tj ET Q q 0 0 0 rg BT 387.21 271.30 Td (as ) Tj ET Q q 0 0 0 rg BT 397.58 271.30 Td (a ) Tj ET Q q 0 0 0 rg BT 404.06 271.30 Td (reduction ) Tj ET Q q 0 0 0 rg BT 443.87 271.30 Td (in ) Tj ET Q q 0 0 0 rg BT 453.69 271.30 Td (the ) Tj ET Q q 0 0 0 rg BT 467.95 271.30 Td (Company) Tj ET Q q 0 0 0 rg BT 509.62 271.30 Td (s ) Tj ET Q q 0 0 0 rg BT 515.55 271.30 Td (actual ) Tj ET Q q 0 0 0 rg BT 541.47 271.30 Td (taxes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 259.30 Td (paid. ) Tj ET Q q 0 0 0 rg BT 71.80 259.30 Td (As ) Tj ET Q q 0 0 0 rg BT 85.58 259.30 Td (of ) Tj ET Q q 0 0 0 rg BT 96.58 259.30 Td (December ) Tj ET Q q 0 0 0 rg BT 140.34 259.30 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.51 259.30 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.51 259.30 Td (, ) Tj ET Q q 0 0 0 rg BT 180.68 259.30 Td (the ) Tj ET Q q 0 0 0 rg BT 195.57 259.30 Td (current ) Tj ET Q q 0 0 0 rg BT 226.55 259.30 Td (taxes ) Tj ET Q q 0 0 0 rg BT 249.77 259.30 Td (payable ) Tj ET Q q 0 0 0 rg BT 283.54 259.30 Td (would ) Tj ET Q q 0 0 0 rg BT 311.21 259.30 Td (have ) Tj ET Q q 0 0 0 rg BT 332.76 259.30 Td (been ) Tj ET Q q 0 0 0 rg BT 354.30 259.30 Td (decreased ) Tj ET Q q 0 0 0 rg BT 396.39 259.30 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.06 259.30 Td ($0.7 ) Tj ET Q q 0 0 0 rg BT 429.23 259.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.12 259.30 Td ( ) Tj ET Q q 0 0 0 rg BT 460.79 259.30 Td (if ) Tj ET Q q 0 0 0 rg BT 469.57 259.30 Td (the ) Tj ET Q q 0 0 0 rg BT 484.46 259.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 526.02 259.30 Td (had ) Tj ET Q q 0 0 0 rg BT 543.13 259.30 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 247.30 Td (able ) Tj ET Q q 0 0 0 rg BT 69.16 247.30 Td (to ) Tj ET Q q 0 0 0 rg BT 79.43 247.30 Td (realize ) Tj ET Q q 0 0 0 rg BT 108.57 247.30 Td (these ) Tj ET Q q 0 0 0 rg BT 131.62 247.30 Td (benefits ) Tj ET Q q 0 0 0 rg BT 165.78 247.30 Td (in ) Tj ET Q q 0 0 0 rg BT 176.05 247.30 Td (its ) Tj ET Q q 0 0 0 rg BT 188.00 247.30 Td (filed ) Tj ET Q q 0 0 0 rg BT 208.83 247.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 223.54 247.30 Td (returns.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.50 226.30 Td (Under ) Tj ET Q q 0 0 0 rg BT 99.60 226.30 Td (ASC ) Tj ET Q q 0 0 0 rg BT 121.76 226.30 Td (740, ) Tj ET Q q 0 0 0 rg BT 141.97 226.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 181.88 226.30 Td (allowances ) Tj ET Q q 0 0 0 rg BT 229.01 226.30 Td (are ) Tj ET Q q 0 0 0 rg BT 243.93 226.30 Td (established ) Tj ET Q q 0 0 0 rg BT 291.07 226.30 Td (against ) Tj ET Q q 0 0 0 rg BT 322.10 226.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 358.11 226.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 373.04 226.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 399.07 226.30 Td (when ) Tj ET Q q 0 0 0 rg BT 423.44 226.30 Td (management ) Tj ET Q q 0 0 0 rg BT 477.23 226.30 Td (determines ) Tj ET Q q 0 0 0 rg BT 523.81 226.30 Td (it ) Tj ET Q q 0 0 0 rg BT 532.08 226.30 Td (is ) Tj ET Q q 0 0 0 rg BT 541.45 226.30 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 214.30 Td (likely ) Tj ET Q q 0 0 0 rg BT 74.25 214.30 Td (than ) Tj ET Q q 0 0 0 rg BT 92.95 214.30 Td (not ) Tj ET Q q 0 0 0 rg BT 107.21 214.30 Td (that ) Tj ET Q q 0 0 0 rg BT 123.68 214.30 Td (all ) Tj ET Q q 0 0 0 rg BT 135.16 214.30 Td (or ) Tj ET Q q 0 0 0 rg BT 144.97 214.30 Td (some ) Tj ET Q q 0 0 0 rg BT 167.55 214.30 Td (portion ) Tj ET Q q 0 0 0 rg BT 197.92 214.30 Td (of ) Tj ET Q q 0 0 0 rg BT 207.73 214.30 Td (a ) Tj ET Q q 0 0 0 rg BT 213.65 214.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 248.43 214.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 262.13 214.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 283.05 214.30 Td (will ) Tj ET Q q 0 0 0 rg BT 300.08 214.30 Td (not ) Tj ET Q q 0 0 0 rg BT 314.34 214.30 Td (be ) Tj ET Q q 0 0 0 rg BT 325.26 214.30 Td (realized. ) Tj ET Q q 0 0 0 rg BT 360.77 214.30 Td (The ) Tj ET Q q 0 0 0 rg BT 377.80 214.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 418.16 214.30 Td (has ) Tj ET Q q 0 0 0 rg BT 432.97 214.30 Td (established ) Tj ET Q q 0 0 0 rg BT 478.89 214.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 517.58 214.30 Td (allowances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 202.30 Td (against ) Tj ET Q q 0 0 0 rg BT 80.99 202.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 116.96 202.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 131.85 202.30 Td (assets ) Tj ET Q q 0 0 0 rg BT 157.84 202.30 Td (related ) Tj ET Q q 0 0 0 rg BT 187.71 202.30 Td (to ) Tj ET Q q 0 0 0 rg BT 198.15 202.30 Td (a ) Tj ET Q q 0 0 0 rg BT 205.26 202.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 234.58 202.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 252.80 202.30 Td (carryforward ) Tj ET Q q 0 0 0 rg BT 307.66 202.30 Td (in ) Tj ET Q q 0 0 0 rg BT 318.10 202.30 Td (the ) Tj ET Q q 0 0 0 rg BT 332.98 202.30 Td (United ) Tj ET Q q 0 0 0 rg BT 362.87 202.30 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 403.31 202.30 Td (and ) Tj ET Q q 0 0 0 rg BT 420.42 202.30 Td (a ) Tj ET Q q 0 0 0 rg BT 427.52 202.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 459.06 202.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 473.95 202.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 499.38 202.30 Td (carryforward ) Tj ET Q q 0 0 0 rg BT 554.23 202.30 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 190.30 Td (the ) Tj ET Q q 0 0 0 rg BT 64.84 190.30 Td (United ) Tj ET Q q 0 0 0 rg BT 94.68 190.30 Td (States. ) Tj ET Q q 0 0 0 rg BT 123.69 190.30 Td (In ) Tj ET Q q 0 0 0 rg BT 134.64 190.30 Td (prior ) Tj ET Q q 0 0 0 rg BT 156.70 190.30 Td (years, ) Tj ET Q q 0 0 0 rg BT 182.92 190.30 Td (the ) Tj ET Q q 0 0 0 rg BT 197.76 190.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 239.27 190.30 Td (sold ) Tj ET Q q 0 0 0 rg BT 258.56 190.30 Td (an ) Tj ET Q q 0 0 0 rg BT 270.62 190.30 Td (investment ) Tj ET Q q 0 0 0 rg BT 317.12 190.30 Td (in ) Tj ET Q q 0 0 0 rg BT 327.52 190.30 Td (the ) Tj ET Q q 0 0 0 rg BT 342.36 190.30 Td (United ) Tj ET Q q 0 0 0 rg BT 372.20 190.30 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 412.60 190.30 Td (and ) Tj ET Q q 0 0 0 rg BT 429.66 190.30 Td (realized ) Tj ET Q q 0 0 0 rg BT 463.93 190.30 Td (a ) Tj ET Q q 0 0 0 rg BT 470.99 190.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 500.26 190.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 518.44 190.30 Td (that ) Tj ET Q q 0 0 0 rg BT 536.06 190.30 Td (can ) Tj ET Q q 0 0 0 rg BT 552.56 190.30 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 178.30 Td (carried ) Tj ET Q q 0 0 0 rg BT 81.41 178.30 Td (forward ) Tj ET Q q 0 0 0 rg BT 116.71 178.30 Td (indefinitely ) Tj ET Q q 0 0 0 rg BT 166.46 178.30 Td (but ) Tj ET Q q 0 0 0 rg BT 182.89 178.30 Td (only ) Tj ET Q q 0 0 0 rg BT 204.32 178.30 Td (utilized ) Tj ET Q q 0 0 0 rg BT 237.96 178.30 Td (against ) Tj ET Q q 0 0 0 rg BT 269.94 178.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 300.24 178.30 Td (gain ) Tj ET Q q 0 0 0 rg BT 321.11 178.30 Td (in ) Tj ET Q q 0 0 0 rg BT 332.54 178.30 Td (the ) Tj ET Q q 0 0 0 rg BT 348.41 178.30 Td (same ) Tj ET Q q 0 0 0 rg BT 372.61 178.30 Td (jurisdiction. ) Tj ET Q q 0 0 0 rg BT 424.32 178.30 Td ( ) Tj ET Q q 0 0 0 rg BT 427.97 178.30 Td (Since ) Tj ET Q q 0 0 0 rg BT 453.84 178.30 Td (the ) Tj ET Q q 0 0 0 rg BT 469.71 178.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 512.25 178.30 Td (has ) Tj ET Q q 0 0 0 rg BT 529.23 178.30 Td (nominal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 166.30 Td (remaining ) Tj ET Q q 0 0 0 rg BT 92.95 166.30 Td (investments ) Tj ET Q q 0 0 0 rg BT 143.14 166.30 Td (in ) Tj ET Q q 0 0 0 rg BT 153.33 166.30 Td (the ) Tj ET Q q 0 0 0 rg BT 167.96 166.30 Td (United ) Tj ET Q q 0 0 0 rg BT 197.59 166.30 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 237.78 166.30 Td (and ) Tj ET Q q 0 0 0 rg BT 254.63 166.30 Td (considers ) Tj ET Q q 0 0 0 rg BT 294.81 166.30 Td (it ) Tj ET Q q 0 0 0 rg BT 302.78 166.30 Td (more ) Tj ET Q q 0 0 0 rg BT 325.74 166.30 Td (likely ) Tj ET Q q 0 0 0 rg BT 350.92 166.30 Td (than ) Tj ET Q q 0 0 0 rg BT 370.55 166.30 Td (not ) Tj ET Q q 0 0 0 rg BT 385.74 166.30 Td (that ) Tj ET Q q 0 0 0 rg BT 403.15 166.30 Td (the ) Tj ET Q q 0 0 0 rg BT 417.78 166.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 459.08 166.30 Td (will ) Tj ET Q q 0 0 0 rg BT 477.05 166.30 Td (not ) Tj ET Q q 0 0 0 rg BT 492.24 166.30 Td (generate ) Tj ET Q q 0 0 0 rg BT 528.51 166.30 Td (a ) Tj ET Q q 0 0 0 rg BT 535.36 166.30 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 154.30 Td (gain ) Tj ET Q q 0 0 0 rg BT 69.54 154.30 Td (in ) Tj ET Q q 0 0 0 rg BT 79.63 154.30 Td (the ) Tj ET Q q 0 0 0 rg BT 94.17 154.30 Td (United ) Tj ET Q q 0 0 0 rg BT 123.70 154.30 Td (Kingdom, ) Tj ET Q q 0 0 0 rg BT 166.30 154.30 Td (the ) Tj ET Q q 0 0 0 rg BT 180.83 154.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 222.04 154.30 Td (has ) Tj ET Q q 0 0 0 rg BT 237.69 154.30 Td (established ) Tj ET Q q 0 0 0 rg BT 284.44 154.30 Td (a ) Tj ET Q q 0 0 0 rg BT 291.20 154.30 Td (full ) Tj ET Q q 0 0 0 rg BT 307.40 154.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 346.93 154.30 Td (allowance ) Tj ET Q q 0 0 0 rg BT 389.78 154.30 Td (against ) Tj ET Q q 0 0 0 rg BT 420.43 154.30 Td (this ) Tj ET Q q 0 0 0 rg BT 437.19 154.30 Td (related ) Tj ET Q q 0 0 0 rg BT 466.71 154.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 502.34 154.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 516.87 154.30 Td (asset. ) Tj ET Q q 0 0 0 rg BT 540.62 154.30 Td (Also, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 142.30 Td (the ) Tj ET Q q 0 0 0 rg BT 64.65 142.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 105.98 142.30 Td (has ) Tj ET Q q 0 0 0 rg BT 121.75 142.30 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 141.97 142.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 173.28 142.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 187.94 142.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 213.14 142.30 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 271.66 142.30 Td (expiring ) Tj ET Q q 0 0 0 rg BT 307.42 142.30 Td (in ) Tj ET Q q 0 0 0 rg BT 317.64 142.30 Td (various ) Tj ET Q q 0 0 0 rg BT 349.51 142.30 Td (years ) Tj ET Q q 0 0 0 rg BT 373.05 142.30 Td (through ) Tj ET Q q 0 0 0 rg BT 406.60 142.30 Td (2022, ) Tj ET Q q 0 0 0 rg BT 431.53 142.30 Td (which ) Tj ET Q q 0 0 0 rg BT 458.41 142.30 Td (can ) Tj ET Q q 0 0 0 rg BT 474.73 142.30 Td (be ) Tj ET Q q 0 0 0 rg BT 486.60 142.30 Td (utilized ) Tj ET Q q 0 0 0 rg BT 519.03 142.30 Td (against ) Tj ET Q q 0 0 0 rg BT 549.79 142.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 130.30 Td (repatriation ) Tj ET Q q 0 0 0 rg BT 99.26 130.30 Td (of ) Tj ET Q q 0 0 0 rg BT 110.75 130.30 Td (earnings ) Tj ET Q q 0 0 0 rg BT 147.80 130.30 Td (from ) Tj ET Q q 0 0 0 rg BT 170.41 130.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 202.45 130.30 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 257.56 130.30 Td (However) Tj ET Q q 0 0 0 rg BT 293.81 130.30 Td (, ) Tj ET Q q 0 0 0 rg BT 299.48 130.30 Td (due ) Tj ET Q q 0 0 0 rg BT 317.09 130.30 Td (to ) Tj ET Q q 0 0 0 rg BT 328.03 130.30 Td (the ) Tj ET Q q 0 0 0 rg BT 343.42 130.30 Td (Company) Tj ET Q q 0 0 0 rg BT 385.08 130.30 Td (s ) Tj ET Q q 0 0 0 rg BT 392.14 130.30 Td (assertion ) Tj ET Q q 0 0 0 rg BT 430.86 130.30 Td (to ) Tj ET Q q 0 0 0 rg BT 441.80 130.30 Td (indefinitely ) Tj ET Q q 0 0 0 rg BT 491.07 130.30 Td (reinvest ) Tj ET Q q 0 0 0 rg BT 525.89 130.30 Td (non-U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 118.30 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 93.78 118.30 Td (earnings ) Tj ET Q q 0 0 0 rg BT 130.33 118.30 Td (and ) Tj ET Q q 0 0 0 rg BT 147.44 118.30 Td (to ) Tj ET Q q 0 0 0 rg BT 157.89 118.30 Td (not ) Tj ET Q q 0 0 0 rg BT 173.34 118.30 Td (repatriate ) Tj ET Q q 0 0 0 rg BT 213.76 118.30 Td (them ) Tj ET Q q 0 0 0 rg BT 236.43 118.30 Td (back ) Tj ET Q q 0 0 0 rg BT 257.98 118.30 Td (to ) Tj ET Q q 0 0 0 rg BT 268.43 118.30 Td (the ) Tj ET Q q 0 0 0 rg BT 283.32 118.30 Td (United ) Tj ET Q q 0 0 0 rg BT 313.21 118.30 Td (States, ) Tj ET Q q 0 0 0 rg BT 342.27 118.30 Td (a ) Tj ET Q q 0 0 0 rg BT 349.38 118.30 Td (full ) Tj ET Q q 0 0 0 rg BT 365.94 118.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 405.82 118.30 Td (allowance ) Tj ET Q q 0 0 0 rg BT 449.03 118.30 Td (has ) Tj ET Q q 0 0 0 rg BT 465.03 118.30 Td (been ) Tj ET Q q 0 0 0 rg BT 486.58 118.30 Td (established ) Tj ET Q q 0 0 0 rg BT 533.69 118.30 Td (against ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 106.30 Td (this ) Tj ET Q q 0 0 0 rg BT 68.14 106.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 105.14 106.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 121.05 106.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 144.18 106.30 Td (as ) Tj ET Q q 0 0 0 rg BT 156.20 106.30 Td (it ) Tj ET Q q 0 0 0 rg BT 165.45 106.30 Td (is ) Tj ET Q q 0 0 0 rg BT 175.82 106.30 Td (more ) Tj ET Q q 0 0 0 rg BT 200.06 106.30 Td (likely ) Tj ET Q q 0 0 0 rg BT 226.52 106.30 Td (than ) Tj ET Q q 0 0 0 rg BT 247.43 106.30 Td (not ) Tj ET Q q 0 0 0 rg BT 263.90 106.30 Td (that ) Tj ET Q q 0 0 0 rg BT 282.59 106.30 Td (the ) Tj ET Q q 0 0 0 rg BT 298.50 106.30 Td (Company ) Tj ET Q q 0 0 0 rg BT 341.08 106.30 Td (will ) Tj ET Q q 0 0 0 rg BT 360.33 106.30 Td (not ) Tj ET Q q 0 0 0 rg BT 376.80 106.30 Td (realize ) Tj ET Q q 0 0 0 rg BT 407.13 106.30 Td (the ) Tj ET Q q 0 0 0 rg BT 423.04 106.30 Td (benefit ) Tj ET Q q 0 0 0 rg BT 454.50 106.30 Td (of ) Tj ET Q q 0 0 0 rg BT 466.52 106.30 Td (these ) Tj ET Q q 0 0 0 rg BT 490.76 106.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 523.33 106.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 539.24 106.30 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 94.30 Td (carryforwards. ) Tj ET Q q 0 0 0 rg BT 111.11 94.30 Td (As ) Tj ET Q q 0 0 0 rg BT 125.46 94.30 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.04 94.30 Td (December31, ) Tj ET Q q 0 0 0 rg BT 196.36 94.30 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.36 94.30 Td (, ) Tj ET Q q 0 0 0 rg BT 222.11 94.30 Td (the ) Tj ET Q q 0 0 0 rg BT 237.57 94.30 Td (amount ) Tj ET Q q 0 0 0 rg BT 270.81 94.30 Td (of ) Tj ET Q q 0 0 0 rg BT 282.38 94.30 Td (the ) Tj ET Q q 0 0 0 rg BT 297.84 94.30 Td (deferred ) Tj ET Q q 0 0 0 rg BT 334.39 94.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 349.85 94.30 Td (asset ) Tj ET Q q 0 0 0 rg BT 372.53 94.30 Td (and ) Tj ET Q q 0 0 0 rg BT 390.22 94.30 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 450.67 94.30 Td (valuation ) Tj ET Q q 0 0 0 rg BT 491.12 94.30 Td (allowance ) Tj ET Q q 0 0 0 rg BT 534.90 94.30 Td (for ) Tj ET Q q 0 0 0 rg BT 549.80 94.30 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 82.30 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.72 82.30 Td (loss ) Tj ET Q q 0 0 0 rg BT 96.35 82.30 Td (carryforward ) Tj ET Q q 0 0 0 rg BT 150.60 82.30 Td (in ) Tj ET Q q 0 0 0 rg BT 160.45 82.30 Td (the ) Tj ET Q q 0 0 0 rg BT 174.73 82.30 Td (United ) Tj ET Q q 0 0 0 rg BT 204.01 82.30 Td (Kingdom ) Tj ET Q q 0 0 0 rg BT 243.86 82.30 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.48 82.30 Td ($2.4 ) Tj ET Q q 0 0 0 rg BT 281.04 82.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.94 82.30 Td ( ) Tj ET Q q 0 0 0 rg BT 312.00 82.30 Td (and ) Tj ET Q q 0 0 0 rg BT 328.51 82.30 Td (the ) Tj ET Q q 0 0 0 rg BT 342.79 82.30 Td (foreign ) Tj ET Q q 0 0 0 rg BT 373.73 82.30 Td (tax ) Tj ET Q q 0 0 0 rg BT 388.02 82.30 Td (credit ) Tj ET Q q 0 0 0 rg BT 412.85 82.30 Td (carryforward ) Tj ET Q q 0 0 0 rg BT 467.10 82.30 Td (in ) Tj ET Q q 0 0 0 rg BT 476.95 82.30 Td (the ) Tj ET Q q 0 0 0 rg BT 491.23 82.30 Td (United ) Tj ET Q q 0 0 0 rg BT 520.52 82.30 Td (States ) Tj ET Q q 0 0 0 rg BT 546.47 82.30 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 70.30 Td ($0.3 ) Tj ET Q q 0 0 0 rg BT 70.00 70.30 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 70.30 Td (.) Tj ET Q endstream endobj 183 0 obj <> endobj 184 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 742.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 92.86 742.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 111.72 742.10 Td (or ) Tj ET Q q 0 0 0 rg BT 121.69 742.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 138.89 742.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 175.53 742.10 Td (from ) Tj ET Q q 0 0 0 rg BT 196.61 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.46 742.10 Td (translation ) Tj ET Q q 0 0 0 rg BT 254.32 742.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.29 742.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 299.23 742.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 321.42 742.10 Td (for ) Tj ET Q q 0 0 0 rg BT 334.72 742.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 365.24 742.10 Td (af) Tj ET Q q 0 0 0 rg BT 372.83 742.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 401.68 742.10 Td (has ) Tj ET Q q 0 0 0 rg BT 416.65 742.10 Td (been ) Tj ET Q q 0 0 0 rg BT 437.17 742.10 Td (included ) Tj ET Q q 0 0 0 rg BT 473.24 742.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.66 742.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.52 742.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 527.04 742.10 Td (currency ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 730.10 Td (translation ) Tj ET Q q 0 0 0 rg BT 94.59 730.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 140.86 730.10 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 193.77 730.10 Td (as ) Tj ET Q q 0 0 0 rg BT 204.48 730.10 Td (a ) Tj ET Q q 0 0 0 rg BT 211.30 730.10 Td (component ) Tj ET Q q 0 0 0 rg BT 258.12 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 268.83 730.10 Td (other ) Tj ET Q q 0 0 0 rg BT 291.76 730.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 354.67 730.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 388.99 730.10 Td (net ) Tj ET Q q 0 0 0 rg BT 403.59 730.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.30 730.10 Td (tax, ) Tj ET Q q 0 0 0 rg BT 431.40 730.10 Td (in ) Tj ET Q q 0 0 0 rg BT 441.56 730.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.16 730.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 509.08 730.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 553.67 730.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 718.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.45 718.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.47 718.10 Td (equity) Tj ET Q q 0 0 0 rg BT 118.82 718.10 Td (. ) Tj ET Q q 0 0 0 rg BT 123.56 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.80 718.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 158.03 718.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 180.82 718.10 Td (receivable ) Tj ET Q q 0 0 0 rg BT 224.14 718.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.71 718.10 Td ($3.6 ) Tj ET Q q 0 0 0 rg BT 254.46 718.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.35 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.59 718.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.16 718.10 Td ($3.8 ) Tj ET Q q 0 0 0 rg BT 315.91 718.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.80 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.04 718.10 Td (as ) Tj ET Q q 0 0 0 rg BT 357.61 718.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.19 718.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.51 718.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.51 718.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.76 718.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.44 718.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.44 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 490.18 718.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 537.84 718.10 Td (, ) Tj ET Q q 0 0 0 rg BT 542.58 718.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 706.10 Td (included ) Tj ET Q q 0 0 0 rg BT 87.26 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.86 706.10 Td (other ) Tj ET Q q 0 0 0 rg BT 121.23 706.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 169.03 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.63 706.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.67 706.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 248.04 706.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 293.08 706.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.23 706.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 342.04 706.10 Td (condition. ) Tj ET Q q 0 0 0 rg BT 385.13 706.10 Td (Included ) Tj ET Q q 0 0 0 rg BT 422.94 706.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.55 706.10 Td (current ) Tj ET Q q 0 0 0 rg BT 464.69 706.10 Td (income ) Tj ET Q q 0 0 0 rg BT 496.95 706.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 520.32 706.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 554.24 706.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 694.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.62 694.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 117.57 694.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 162.18 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 172.92 694.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 210.30 694.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 250.48 694.10 Td (were ) Tj ET Q q 0 0 0 rg BT 272.31 694.10 Td (current ) Tj ET Q q 0 0 0 rg BT 303.03 694.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 325.98 694.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 359.48 694.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.21 694.10 Td ($19.0 ) Tj ET Q q 0 0 0 rg BT 395.12 694.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.01 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.41 694.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.25 694.10 Td ($10.0 ) Tj ET Q q 0 0 0 rg BT 468.16 694.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.05 694.10 Td ( ) Tj ET Q q 0 0 0 rg BT 499.45 694.10 Td (as ) Tj ET Q q 0 0 0 rg BT 510.19 694.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.92 694.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 682.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 65.00 682.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.00 682.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.50 682.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.44 682.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.44 682.10 Td (, ) Tj ET Q q 0 0 0 rg BT 129.44 682.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 177.10 682.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 661.10 Td (The ) Tj ET Q q 0 0 0 rg BT 92.13 661.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.60 661.10 Td (is ) Tj ET Q q 0 0 0 rg BT 142.85 661.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 173.76 661.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.12 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.92 661.10 Td (income ) Tj ET Q q 0 0 0 rg BT 230.93 661.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 245.73 661.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 266.64 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.55 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.35 661.10 Td (United ) Tj ET Q q 0 0 0 rg BT 322.15 661.10 Td (States, ) Tj ET Q q 0 0 0 rg BT 351.12 661.10 Td (its ) Tj ET Q q 0 0 0 rg BT 363.15 661.10 Td (states ) Tj ET Q q 0 0 0 rg BT 387.95 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.97 661.10 Td (municipalities, ) Tj ET Q q 0 0 0 rg BT 466.71 661.10 Td (and ) Tj ET Q q 0 0 0 rg BT 483.73 661.10 Td (those ) Tj ET Q q 0 0 0 rg BT 507.42 661.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.33 661.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.13 661.10 Td (foreign ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 649.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 101.75 649.10 Td (in ) Tj ET Q q 0 0 0 rg BT 111.83 649.10 Td (which ) Tj ET Q q 0 0 0 rg BT 138.57 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.09 649.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 194.28 649.10 Td (operates. ) Tj ET Q q 0 0 0 rg BT 232.23 649.10 Td (These ) Tj ET Q q 0 0 0 rg BT 258.42 649.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 279.05 649.10 Td (are ) Tj ET Q q 0 0 0 rg BT 293.56 649.10 Td (complex, ) Tj ET Q q 0 0 0 rg BT 332.80 649.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.54 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.06 649.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 396.35 649.10 Td (which ) Tj ET Q q 0 0 0 rg BT 423.09 649.10 Td (they ) Tj ET Q q 0 0 0 rg BT 442.61 649.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 467.13 649.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.21 649.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.73 649.10 Td (taxpayer's ) Tj ET Q q 0 0 0 rg BT 534.16 649.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 555.34 649.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 637.10 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 94.26 637.10 Td (open ) Tj ET Q q 0 0 0 rg BT 115.19 637.10 Td (to ) Tj ET Q q 0 0 0 rg BT 124.46 637.10 Td (interpretation. ) Tj ET Q q 0 0 0 rg BT 182.32 637.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 236.01 637.10 Td (must ) Tj ET Q q 0 0 0 rg BT 256.95 637.10 Td (make ) Tj ET Q q 0 0 0 rg BT 280.10 637.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 323.25 637.10 Td (in ) Tj ET Q q 0 0 0 rg BT 332.52 637.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 371.24 637.10 Td (the ) Tj ET Q q 0 0 0 rg BT 384.94 637.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 426.99 637.10 Td (that ) Tj ET Q q 0 0 0 rg BT 443.47 637.10 Td (a ) Tj ET Q q 0 0 0 rg BT 449.40 637.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 463.11 637.10 Td (position ) Tj ET Q q 0 0 0 rg BT 496.83 637.10 Td (will ) Tj ET Q q 0 0 0 rg BT 513.87 637.10 Td (be ) Tj ET Q q 0 0 0 rg BT 524.80 637.10 Td (sustained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 625.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.27 625.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 123.97 625.10 Td (by ) Tj ET Q q 0 0 0 rg BT 136.24 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.73 625.10 Td (taxing ) Tj ET Q q 0 0 0 rg BT 177.99 625.10 Td (authorities ) Tj ET Q q 0 0 0 rg BT 222.48 625.10 Td (based ) Tj ET Q q 0 0 0 rg BT 247.51 625.10 Td (on ) Tj ET Q q 0 0 0 rg BT 259.79 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.27 625.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 312.63 625.10 Td (merits ) Tj ET Q q 0 0 0 rg BT 339.90 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.50 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.99 625.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 379.47 625.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 416.47 625.10 Td (In ) Tj ET Q q 0 0 0 rg BT 427.07 625.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.56 625.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 472.15 625.10 Td (course ) Tj ET Q q 0 0 0 rg BT 500.52 625.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.12 625.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 549.79 625.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 613.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.24 613.10 Td (may ) Tj ET Q q 0 0 0 rg BT 108.80 613.10 Td (be ) Tj ET Q q 0 0 0 rg BT 119.59 613.10 Td (under ) Tj ET Q q 0 0 0 rg BT 143.71 613.10 Td (audit ) Tj ET Q q 0 0 0 rg BT 165.06 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.18 613.10 Td (one ) Tj ET Q q 0 0 0 rg BT 189.97 613.10 Td (or ) Tj ET Q q 0 0 0 rg BT 199.65 613.10 Td (more ) Tj ET Q q 0 0 0 rg BT 221.55 613.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.23 613.10 Td (its ) Tj ET Q q 0 0 0 rg BT 242.03 613.10 Td (jurisdictions ) Tj ET Q q 0 0 0 rg BT 292.82 613.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.95 613.10 Td (an ) Tj ET Q q 0 0 0 rg BT 312.74 613.10 Td (open ) Tj ET Q q 0 0 0 rg BT 333.53 613.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 347.09 613.10 Td (year ) Tj ET Q q 0 0 0 rg BT 365.65 613.10 Td (for ) Tj ET Q q 0 0 0 rg BT 378.66 613.10 Td (that ) Tj ET Q q 0 0 0 rg BT 395.01 613.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 434.67 613.10 Td (jurisdiction. ) Tj ET Q q 0 0 0 rg BT 483.77 613.10 Td (As ) Tj ET Q q 0 0 0 rg BT 496.24 613.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.92 613.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 601.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 601.10 Td (, ) Tj ET Q q 0 0 0 rg BT 75.00 601.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.72 601.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 131.10 601.10 Td (does ) Tj ET Q q 0 0 0 rg BT 151.93 601.10 Td (not ) Tj ET Q q 0 0 0 rg BT 167.21 601.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 195.81 601.10 Td (any ) Tj ET Q q 0 0 0 rg BT 212.74 601.10 Td (material ) Tj ET Q q 0 0 0 rg BT 248.00 601.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 282.71 601.10 Td (in ) Tj ET Q q 0 0 0 rg BT 292.99 601.10 Td (its ) Tj ET Q q 0 0 0 rg BT 304.94 601.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 319.65 601.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 359.93 601.10 Td (related ) Tj ET Q q 0 0 0 rg BT 389.63 601.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.91 601.10 Td (any ) Tj ET Q q 0 0 0 rg BT 416.85 601.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 466.02 601.10 Td (current ) Tj ET Q q 0 0 0 rg BT 496.83 601.10 Td (or ) Tj ET Q q 0 0 0 rg BT 507.66 601.10 Td (future ) Tj ET Q q 0 0 0 rg BT 534.04 601.10 Td (audits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 580.10 Td (The ) Tj ET Q q 0 0 0 rg BT 91.81 580.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 132.96 580.10 Td (recognizes ) Tj ET Q q 0 0 0 rg BT 177.98 580.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 192.47 580.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 230.85 580.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.89 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 255.38 580.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 292.62 580.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 337.10 580.10 Td (only ) Tj ET Q q 0 0 0 rg BT 357.14 580.10 Td (when ) Tj ET Q q 0 0 0 rg BT 381.07 580.10 Td (it ) Tj ET Q q 0 0 0 rg BT 388.89 580.10 Td (is ) Tj ET Q q 0 0 0 rg BT 397.83 580.10 Td (more ) Tj ET Q q 0 0 0 rg BT 420.64 580.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 445.68 580.10 Td (than ) Tj ET Q q 0 0 0 rg BT 465.16 580.10 Td (not ) Tj ET Q q 0 0 0 rg BT 480.21 580.10 Td (that ) Tj ET Q q 0 0 0 rg BT 497.47 580.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.95 580.10 Td (position ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q q 0 0 0 rg BT 521.06 568.10 Td (that ) Tj ET Q q 0 0 0 rg BT 538.68 568.10 Td (meets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 556.10 Td (this ) Tj ET Q q 0 0 0 rg BT 67.37 556.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 104.17 556.10 Td (is ) Tj ET Q q 0 0 0 rg BT 113.77 556.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 155.01 556.10 Td (at ) Tj ET Q q 0 0 0 rg BT 165.15 556.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.29 556.10 Td (lar) Tj ET Q q 0 0 0 rg BT 190.66 556.10 Td (gest ) Tj ET Q q 0 0 0 rg BT 209.69 556.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 242.61 556.10 Td (of ) Tj ET Q q 0 0 0 rg BT 253.87 556.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 284.56 556.10 Td (that ) Tj ET Q q 0 0 0 rg BT 302.48 556.10 Td (will ) Tj ET Q q 0 0 0 rg BT 320.96 556.10 Td (more ) Tj ET Q q 0 0 0 rg BT 344.43 556.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 370.13 556.10 Td (than ) Tj ET Q q 0 0 0 rg BT 390.27 556.10 Td (not ) Tj ET Q q 0 0 0 rg BT 405.97 556.10 Td (be ) Tj ET Q q 0 0 0 rg BT 418.33 556.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 452.90 556.10 Td (on ) Tj ET Q q 0 0 0 rg BT 465.83 556.10 Td (settlement. ) Tj ET Q q 0 0 0 rg BT 511.70 556.10 Td (A) Tj ET Q q 0 0 0 rg BT 518.37 556.10 Td ( ) Tj ET Q q 0 0 0 rg BT 521.30 556.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 555.33 556.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 544.10 Td (established ) Tj ET Q q 0 0 0 rg BT 95.88 544.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.99 544.10 Td (dif) Tj ET Q q 0 0 0 rg BT 119.92 544.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 154.67 544.10 Td (between ) Tj ET Q q 0 0 0 rg BT 189.44 544.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 227.01 544.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 250.11 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 259.34 544.10 Td (a ) Tj ET Q q 0 0 0 rg BT 265.23 544.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 278.89 544.10 Td (return ) Tj ET Q q 0 0 0 rg BT 304.22 544.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.11 544.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 355.44 544.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 400.75 544.10 Td (in ) Tj ET Q q 0 0 0 rg BT 409.98 544.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.65 544.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 460.08 544.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 506.13 544.10 Td (The ) Tj ET Q q 0 0 0 rg BT 523.13 544.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 532.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 93.59 532.10 Td (a ) Tj ET Q q 0 0 0 rg BT 99.97 532.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 114.13 532.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 148.29 532.10 Td (as ) Tj ET Q q 0 0 0 rg BT 158.56 532.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.84 532.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 226.87 532.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.87 532.10 Td (, ) Tj ET Q q 0 0 0 rg BT 251.31 532.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.69 532.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 314.61 532.10 Td (that ) Tj ET Q q 0 0 0 rg BT 331.55 532.10 Td (there ) Tj ET Q q 0 0 0 rg BT 353.48 532.10 Td (was ) Tj ET Q q 0 0 0 rg BT 370.98 532.10 Td (no ) Tj ET Q q 0 0 0 rg BT 382.92 532.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 433.17 532.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.90 532.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 470.92 532.10 Td (any ) Tj ET Q q 0 0 0 rg BT 487.30 532.10 Td (material ) Tj ET Q q 0 0 0 rg BT 522.01 532.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 520.10 Td (liabilities. ) Tj ET Q q 0 0 0 rg BT 91.34 520.10 Td (Also, ) Tj ET Q q 0 0 0 rg BT 114.82 520.10 Td (when ) Tj ET Q q 0 0 0 rg BT 138.56 520.10 Td (present ) Tj ET Q q 0 0 0 rg BT 169.52 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 179.94 520.10 Td (part ) Tj ET Q q 0 0 0 rg BT 197.57 520.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.98 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.28 520.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 236.58 520.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 276.44 520.10 Td (calculation, ) Tj ET Q q 0 0 0 rg BT 324.90 520.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 356.41 520.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.94 520.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 410.56 520.10 Td (have ) Tj ET Q q 0 0 0 rg BT 431.52 520.10 Td (been ) Tj ET Q q 0 0 0 rg BT 452.48 520.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 487.88 520.10 Td (as ) Tj ET Q q 0 0 0 rg BT 498.30 520.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 529.81 520.10 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 508.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 508.10 Td (other ) Tj ET Q q 0 0 0 rg BT 89.99 508.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 130.25 508.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 168.85 508.10 Td (in ) Tj ET Q q 0 0 0 rg BT 179.13 508.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.84 508.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 246.88 508.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 291.60 508.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.43 508.10 Td (income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 487.10 Td (A) Tj ET Q q 0 0 0 rg BT 80.67 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.68 487.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 141.67 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.01 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.24 487.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 206.25 487.10 Td (U.S.federal ) Tj ET Q q 0 0 0 rg BT 257.29 487.10 Td (income ) Tj ET Q q 0 0 0 rg BT 289.74 487.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 304.97 487.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 322.97 487.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.31 487.10 Td (35.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.14 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.15 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.94 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.17 487.10 Td (Company) Tj ET Q q 0 0 0 rg BT 430.83 487.10 Td (s ) Tj ET Q q 0 0 0 rg BT 437.74 487.10 Td (ef) Tj ET Q q 0 0 0 rg BT 445.32 487.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 475.54 487.10 Td (income ) Tj ET Q q 0 0 0 rg BT 507.98 487.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 523.21 487.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 541.21 487.10 Td (is ) Tj ET Q q 0 0 0 rg BT 550.89 487.10 Td (set ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 475.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 71.94 475.10 Td (below:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 438.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 438.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 438.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 438.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 438.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 438.60 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 423.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 408.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 408.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 408.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 408.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 408.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 408.60 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 393.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 378.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 378.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 378.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 378.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 378.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 378.60 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 363.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 348.60 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 348.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 348.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 348.60 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 348.60 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 348.60 60.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 451.6 m 434.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 451.6 m 438.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 451.6 m 498.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 451.6 m 502.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 451.6 m 562.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 451.6 m 434.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 438.6 m 434.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 451.6 m 438.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 451.6 m 498.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 438.6 m 498.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 451.6 m 502.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 451.6 m 562.5 451.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 438.6 m 562.5 438.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 348.6 m 434.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 348.6 m 498.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 348.6 m 562.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 348.6 m 434.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 334.6 m 434.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 332.6 m 434.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 348.6 m 498.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 334.6 m 498.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 332.6 m 498.5 332.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 348.6 m 562.5 348.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 334.6 m 562.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 332.6 m 562.5 332.6 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 408.75 455.83 Td (FortheYearsEndedDecember31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 442.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 442.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 442.83 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 429.17 Td (U.S. statutory tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 428.27 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 428.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 428.27 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 428.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 428.27 Td (35.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 428.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 414.17 Td (Increase related to state and local taxes, net of U.S. income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 413.27 Td (4.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 413.27 Td (3.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 413.27 Td (1.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 399.17 Td (Benefits and taxes related to foreign operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 398.27 Td (0.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 398.32 Td (\(3.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 398.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 398.32 Td (\(4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 398.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 384.17 Td (Valuation allowances) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 383.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.65 383.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 383.27 Td (1.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 369.17 Td (Sale of merchant banking business) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 368.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.80 368.32 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 368.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.80 368.32 Td (\(0.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 368.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 354.17 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.15 353.27 Td (0.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 353.27 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.15 353.27 Td (0.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 339.17 Td (Effective income tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 338.27 Td (40.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.65 338.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 338.27 Td (35.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.65 338.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 338.27 Td (34.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 338.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 310.10 Td (Note17 Regulatory) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 293.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 105.92 293.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 155.62 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.44 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.14 293.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 222.51 293.10 Td (are ) Tj ET Q q 0 0 0 rg BT 237.20 293.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 268.01 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.28 293.10 Td (various ) Tj ET Q q 0 0 0 rg BT 310.20 293.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 353.78 293.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 408.47 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.73 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.43 293.10 Td (UnitedStates, ) Tj ET Q q 0 0 0 rg BT 492.02 293.10 Td (United ) Tj ET Q q 0 0 0 rg BT 521.72 293.10 Td (Kingdom, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 281.10 Td (Australia ) Tj ET Q q 0 0 0 rg BT 88.16 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 104.10 281.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 132.80 281.10 Td (other ) Tj ET Q q 0 0 0 rg BT 154.85 281.10 Td (jurisdictions, ) Tj ET Q q 0 0 0 rg BT 208.30 281.10 Td (which ) Tj ET Q q 0 0 0 rg BT 234.24 281.10 Td (specify) Tj ET Q q 0 0 0 rg BT 262.47 281.10 Td (, ) Tj ET Q q 0 0 0 rg BT 266.47 281.10 Td (among ) Tj ET Q q 0 0 0 rg BT 295.19 281.10 Td (other ) Tj ET Q q 0 0 0 rg BT 317.24 281.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 373.45 281.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 413.84 281.10 Td (net ) Tj ET Q q 0 0 0 rg BT 427.56 281.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 455.71 281.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 509.42 281.10 Td (for ) Tj ET Q q 0 0 0 rg BT 522.58 281.10 Td (registered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 269.10 Td (broker) Tj ET Q q 0 0 0 rg BT 75.90 269.10 Td (-dealers.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 248.10 Td (G&Co ) Tj ET Q q 0 0 0 rg BT 103.24 248.10 Td (is ) Tj ET Q q 0 0 0 rg BT 112.49 248.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 143.38 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.74 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.53 248.10 Td (SEC) Tj ET Q q 0 0 0 rg BT 189.64 248.10 Td (s ) Tj ET Q q 0 0 0 rg BT 196.11 248.10 Td (Uniform ) Tj ET Q q 0 0 0 rg BT 233.12 248.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 250.13 248.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 281.59 248.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 336.36 248.10 Td (under ) Tj ET Q q 0 0 0 rg BT 361.71 248.10 Td (Rule15c3-1 ) Tj ET Q q 0 0 0 rg BT 413.43 248.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 431.55 248.10 Td (Rule\), ) Tj ET Q q 0 0 0 rg BT 467.72 248.10 Td (which ) Tj ET Q q 0 0 0 rg BT 494.73 248.10 Td (specifies, ) Tj ET Q q 0 0 0 rg BT 534.79 248.10 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 236.10 Td (other ) Tj ET Q q 0 0 0 rg BT 74.24 236.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 132.64 236.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 175.22 236.10 Td (net ) Tj ET Q q 0 0 0 rg BT 191.13 236.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 221.48 236.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 277.37 236.10 Td (for ) Tj ET Q q 0 0 0 rg BT 292.73 236.10 Td (registered ) Tj ET Q q 0 0 0 rg BT 335.84 236.10 Td (broker) Tj ET Q q 0 0 0 rg BT 361.74 236.10 Td (-dealers. ) Tj ET Q q 0 0 0 rg BT 399.32 236.10 Td (The ) Tj ET Q q 0 0 0 rg BT 418.56 236.10 Td (Rule ) Tj ET Q q 0 0 0 rg BT 441.14 236.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 477.04 236.10 Td (G&Co ) Tj ET Q q 0 0 0 rg BT 507.40 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 518.87 236.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 557.56 236.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 224.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 91.17 224.10 Td (net ) Tj ET Q q 0 0 0 rg BT 105.67 224.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 134.61 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.22 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.72 224.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 189.76 224.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.37 224.10 Td ($5,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.87 224.10 Td ( ) Tj ET Q q 0 0 0 rg BT 230.15 224.10 Td (or ) Tj ET Q q 0 0 0 rg BT 240.76 224.10 Td (1/15 ) Tj ET Q q 0 0 0 rg BT 260.83 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.44 224.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 312.58 224.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 369.02 224.10 Td (as ) Tj ET Q q 0 0 0 rg BT 379.63 224.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 411.90 224.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.96 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.46 224.10 Td (Rule. ) Tj ET Q q 0 0 0 rg BT 459.63 224.10 Td (As ) Tj ET Q q 0 0 0 rg BT 473.02 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.64 224.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.00 224.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 224.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 212.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.75 212.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.75 212.10 Td (, ) Tj ET Q q 0 0 0 rg BT 91.57 212.10 Td (G&Co) Tj ET Q q 0 0 0 rg BT 121.01 212.10 Td (s ) Tj ET Q q 0 0 0 rg BT 127.22 212.10 Td (net ) Tj ET Q q 0 0 0 rg BT 141.75 212.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 170.71 212.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.58 212.10 Td ($18.5 ) Tj ET Q q 0 0 0 rg BT 213.39 212.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.28 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.60 212.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.35 212.10 Td ($6.9 ) Tj ET Q q 0 0 0 rg BT 281.16 212.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.05 212.10 Td (, ) Tj ET Q q 0 0 0 rg BT 314.87 212.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 362.53 212.10 Td (, ) Tj ET Q q 0 0 0 rg BT 367.34 212.10 Td (which ) Tj ET Q q 0 0 0 rg BT 394.09 212.10 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 433.60 212.10 Td (its ) Tj ET Q q 0 0 0 rg BT 445.36 212.10 Td (requirement ) Tj ET Q q 0 0 0 rg BT 495.99 212.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.30 212.10 Td ($18.1 ) Tj ET Q q 0 0 0 rg BT 533.11 212.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.00 212.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 200.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.10 200.10 Td ($5.7 ) Tj ET Q q 0 0 0 rg BT 87.26 200.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.15 200.10 Td (, ) Tj ET Q q 0 0 0 rg BT 121.31 200.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 168.97 200.10 Td (. ) Tj ET Q q 0 0 0 rg BT 174.13 200.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.78 200.10 Td (G&Co) Tj ET Q q 0 0 0 rg BT 206.23 200.10 Td (s ) Tj ET Q q 0 0 0 rg BT 212.78 200.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 254.30 200.10 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 308.62 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.06 200.10 Td (net ) Tj ET Q q 0 0 0 rg BT 333.93 200.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 363.24 200.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 384.22 200.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.43 200.10 Td (0.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.93 200.10 Td ( ) Tj ET Q q 0 0 0 rg BT 422.59 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.03 200.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 440.69 200.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.79 200.10 Td (2.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.29 200.10 Td ( ) Tj ET Q q 0 0 0 rg BT 477.94 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 488.38 200.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 496.04 200.10 Td (at ) Tj ET Q q 0 0 0 rg BT 505.92 200.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 188.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.00 188.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.22 188.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.88 188.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.88 188.10 Td (, ) Tj ET Q q 0 0 0 rg BT 113.61 188.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 161.27 188.10 Td (. ) Tj ET Q q 0 0 0 rg BT 165.99 188.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.22 188.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 199.87 188.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 252.10 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.76 188.10 Td (other ) Tj ET Q q 0 0 0 rg BT 291.53 188.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 320.41 188.10 Td (withdrawals ) Tj ET Q q 0 0 0 rg BT 371.51 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.06 188.10 Td (G&Co ) Tj ET Q q 0 0 0 rg BT 410.95 188.10 Td (are ) Tj ET Q q 0 0 0 rg BT 425.38 188.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 455.93 188.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.93 188.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 495.36 188.10 Td (notifications ) Tj ET Q q 0 0 0 rg BT 547.57 188.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 176.10 Td (restrictive ) Tj ET Q q 0 0 0 rg BT 92.48 176.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 136.65 176.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.48 176.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.20 176.10 Td (Rule.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 155.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 113.83 155.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 144.78 155.10 Td (is ) Tj ET Q q 0 0 0 rg BT 153.51 155.10 Td (also ) Tj ET Q q 0 0 0 rg BT 171.68 155.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 202.07 155.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.91 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.19 155.10 Td (Rule. ) Tj ET Q q 0 0 0 rg BT 249.64 155.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.70 155.10 Td (GCI, ) Tj ET Q q 0 0 0 rg BT 273.49 155.10 Td (GCE ) Tj ET Q q 0 0 0 rg BT 295.55 155.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.05 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.33 155.10 Td (European ) Tj ET Q q 0 0 0 rg BT 366.71 155.10 Td (af) Tj ET Q q 0 0 0 rg BT 374.30 155.10 Td (filiate ) Tj ET Q q 0 0 0 rg BT 399.68 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 410.07 155.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 449.90 155.10 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 480.85 155.10 Td (are ) Tj ET Q q 0 0 0 rg BT 495.12 155.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 525.51 155.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.35 155.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 143.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 104.35 143.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.84 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.21 143.10 Td (FCA. ) Tj ET Q q 0 0 0 rg BT 153.31 143.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 192.75 143.10 Td (Australia ) Tj ET Q q 0 0 0 rg BT 231.56 143.10 Td (is ) Tj ET Q q 0 0 0 rg BT 240.38 143.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 270.86 143.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.79 143.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 309.59 143.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 363.95 143.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.43 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.32 143.10 Td (ASIC. ) Tj ET Q q 0 0 0 rg BT 415.76 143.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.76 143.10 Td (W) Tj ET Q q 0 0 0 rg BT 426.39 143.10 Td (e ) Tj ET Q q 0 0 0 rg BT 432.98 143.10 Td (are ) Tj ET Q q 0 0 0 rg BT 447.34 143.10 Td (also ) Tj ET Q q 0 0 0 rg BT 465.60 143.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 496.08 143.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.01 143.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 535.37 143.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 131.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 94.70 131.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 150.50 131.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.88 131.10 Td (other ) Tj ET Q q 0 0 0 rg BT 186.03 131.10 Td (jurisdictions. ) Tj ET Q q 0 0 0 rg BT 241.58 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.38 131.10 Td (As ) Tj ET Q q 0 0 0 rg BT 259.10 131.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.03 131.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.72 131.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.72 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.32 131.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.36 131.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.36 131.10 Td (, ) Tj ET Q q 0 0 0 rg BT 398.47 131.10 Td (GCI, ) Tj ET Q q 0 0 0 rg BT 421.79 131.10 Td (GCE, ) Tj ET Q q 0 0 0 rg BT 447.89 131.10 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 489.26 131.10 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 524.25 131.10 Td (Greenhill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 119.10 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 91.66 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.59 119.10 Td (our ) Tj ET Q q 0 0 0 rg BT 124.42 119.10 Td (other ) Tj ET Q q 0 0 0 rg BT 147.47 119.10 Td (regulated ) Tj ET Q q 0 0 0 rg BT 187.17 119.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 231.33 119.10 Td (were ) Tj ET Q q 0 0 0 rg BT 253.26 119.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.54 119.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 312.12 119.10 Td (with ) Tj ET Q q 0 0 0 rg BT 332.40 119.10 Td (local ) Tj ET Q q 0 0 0 rg BT 354.34 119.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 383.49 119.10 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 423.74 119.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 480.94 119.10 Td ( ) Tj ET Q endstream endobj 185 0 obj <> endobj 186 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-26) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Note18 Business Information) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 725.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.08 725.25 Td (Company) Tj ET Q q 0 0 0 rg BT 133.75 725.25 Td (s ) Tj ET Q q 0 0 0 rg BT 140.18 725.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 178.81 725.25 Td (as ) Tj ET Q q 0 0 0 rg BT 189.68 725.25 Td (an ) Tj ET Q q 0 0 0 rg BT 201.65 725.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 248.07 725.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 282.83 725.25 Td (firm ) Tj ET Q q 0 0 0 rg BT 302.58 725.25 Td (constitutes ) Tj ET Q q 0 0 0 rg BT 347.89 725.25 Td (a ) Tj ET Q q 0 0 0 rg BT 354.86 725.25 Td (single ) Tj ET Q q 0 0 0 rg BT 381.29 725.25 Td (business ) Tj ET Q q 0 0 0 rg BT 417.72 725.25 Td (segment, ) Tj ET Q q 0 0 0 rg BT 456.08 725.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.39 725.25 Td (two) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.39 725.25 Td ( ) Tj ET Q q 0 0 0 rg BT 493.93 725.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 532.01 725.25 Td (sources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.83 713.25 Td (revenue:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 692.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 692.25 Td (Advisory) Tj ET Q q 0 0 0 rg BT 140.57 692.25 Td (, ) Tj ET Q q 0 0 0 rg BT 145.88 692.25 Td (which ) Tj ET Q q 0 0 0 rg BT 173.12 692.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 209.26 692.25 Td (engagements ) Tj ET Q q 0 0 0 rg BT 264.26 692.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 297.61 692.25 Td (to ) Tj ET Q q 0 0 0 rg BT 308.20 692.25 Td (mer) Tj ET Q q 0 0 0 rg BT 323.56 692.25 Td (gers ) Tj ET Q q 0 0 0 rg BT 343.03 692.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.28 692.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 413.36 692.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 453.93 692.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 491.17 692.25 Td (and ) Tj ET Q q 0 0 0 rg BT 508.42 692.25 Td (restructuring, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 680.25 Td (and ) Tj ET Q q 0 0 0 rg BT 120.94 680.25 Td (real ) Tj ET Q q 0 0 0 rg BT 138.42 680.25 Td (estate ) Tj ET Q q 0 0 0 rg BT 163.69 680.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.63 680.25 Td (private ) Tj ET Q q 0 0 0 rg BT 210.89 680.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 238.38 680.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 267.54 680.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 304.47 680.25 Td (services;and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 659.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 659.25 Td (Investments, ) Tj ET Q q 0 0 0 rg BT 156.91 659.25 Td (which ) Tj ET Q q 0 0 0 rg BT 183.44 659.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 218.85 659.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.16 659.25 Td (Company's ) Tj ET Q q 0 0 0 rg BT 279.82 659.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 317.45 659.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 367.31 659.25 Td (in ) Tj ET Q q 0 0 0 rg BT 377.18 659.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 406.47 659.25 Td (merchant ) Tj ET Q q 0 0 0 rg BT 445.76 659.25 Td (banking ) Tj ET Q q 0 0 0 rg BT 480.06 659.25 Td (funds, ) Tj ET Q q 0 0 0 rg BT 506.87 659.25 Td (Iridium, ) Tj ET Q q 0 0 0 rg BT 541.45 659.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 647.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 154.27 647.25 Td (and ) Tj ET Q q 0 0 0 rg BT 171.21 647.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 203.15 647.25 Td (income.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 626.25 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 626.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.47 626.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 144.29 626.25 Td (has ) Tj ET Q q 0 0 0 rg BT 159.54 626.25 Td (principally ) Tj ET Q q 0 0 0 rg BT 204.79 626.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 233.36 626.25 Td (its ) Tj ET Q q 0 0 0 rg BT 244.74 626.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 282.20 626.25 Td (from ) Tj ET Q q 0 0 0 rg BT 303.56 626.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 339.93 626.25 Td (fees ) Tj ET Q q 0 0 0 rg BT 357.95 626.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 386.52 626.25 Td (from ) Tj ET Q q 0 0 0 rg BT 407.89 626.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 435.92 626.25 Td (in ) Tj ET Q q 0 0 0 rg BT 445.62 626.25 Td (lar) Tj ET Q q 0 0 0 rg BT 455.99 626.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 467.35 626.25 Td (part ) Tj ET Q q 0 0 0 rg BT 484.83 626.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 506.75 626.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.90 626.25 Td (successful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 614.25 Td (completion ) Tj ET Q q 0 0 0 rg BT 96.88 614.25 Td (of ) Tj ET Q q 0 0 0 rg BT 107.11 614.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.22 614.25 Td (client) Tj ET Q q 0 0 0 rg BT 146.21 614.25 Td (s ) Tj ET Q q 0 0 0 rg BT 151.99 614.25 Td (transaction ) Tj ET Q q 0 0 0 rg BT 197.76 614.25 Td (or ) Tj ET Q q 0 0 0 rg BT 207.98 614.25 Td (restructuring, ) Tj ET Q q 0 0 0 rg BT 263.47 614.25 Td (or ) Tj ET Q q 0 0 0 rg BT 273.69 614.25 Td (fund ) Tj ET Q q 0 0 0 rg BT 293.92 614.25 Td (closing. ) Tj ET Q q 0 0 0 rg BT 326.78 614.25 Td (Advisory ) Tj ET Q q 0 0 0 rg BT 365.89 614.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 403.33 614.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 451.30 614.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.96 614.25 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.29 614.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.68 614.25 Td (102%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.01 614.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 602.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.94 602.25 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.27 602.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.77 602.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.60 602.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.32 602.25 Td (Company) Tj ET Q q 0 0 0 rg BT 159.98 602.25 Td (s ) Tj ET Q q 0 0 0 rg BT 166.37 602.25 Td (total ) Tj ET Q q 0 0 0 rg BT 186.65 602.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 224.68 602.25 Td (for ) Tj ET Q q 0 0 0 rg BT 238.84 602.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.56 602.25 Td (years ) Tj ET Q q 0 0 0 rg BT 277.16 602.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 303.54 602.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.12 602.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.12 602.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.12 602.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.12 602.25 Td ( ) Tj ET Q q 0 0 0 rg BT 409.62 602.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.56 602.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.56 602.25 Td (, ) Tj ET Q q 0 0 0 rg BT 451.56 602.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 499.22 602.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 581.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.01 581.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.01 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 107.69 581.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.81 581.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.81 581.25 Td (, ) Tj ET Q q 0 0 0 rg BT 150.00 581.25 Td (there ) Tj ET Q q 0 0 0 rg BT 172.66 581.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.78 581.25 Td (no) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.78 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 207.46 581.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 244.58 581.25 Td (clients ) Tj ET Q q 0 0 0 rg BT 273.36 581.25 Td (that ) Tj ET Q q 0 0 0 rg BT 291.04 581.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 334.26 581.25 Td (for ) Tj ET Q q 0 0 0 rg BT 348.60 581.25 Td (more ) Tj ET Q q 0 0 0 rg BT 371.83 581.25 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.73 581.25 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.06 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 412.74 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.75 581.25 Td (total ) Tj ET Q q 0 0 0 rg BT 444.21 581.25 Td (revenues. ) Tj ET Q q 0 0 0 rg BT 484.92 581.25 Td ( ) Tj ET Q q 0 0 0 rg BT 487.61 581.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.62 581.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.62 581.25 Td (, ) Tj ET Q q 0 0 0 rg BT 523.80 581.25 Td (there ) Tj ET Q q 0 0 0 rg BT 546.47 581.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 569.25 Td (one) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.44 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 67.03 569.25 Td (advisory ) Tj ET Q q 0 0 0 rg BT 104.06 569.25 Td (client ) Tj ET Q q 0 0 0 rg BT 128.86 569.25 Td (that ) Tj ET Q q 0 0 0 rg BT 146.45 569.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 189.57 569.25 Td (for ) Tj ET Q q 0 0 0 rg BT 203.82 569.25 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.17 569.25 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.50 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 285.09 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 296.01 569.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 334.14 569.25 Td (\(advice ) Tj ET Q q 0 0 0 rg BT 366.15 569.25 Td (to ) Tj ET Q q 0 0 0 rg BT 376.52 569.25 Td (Coventry ) Tj ET Q q 0 0 0 rg BT 416.33 569.25 Td (Health ) Tj ET Q q 0 0 0 rg BT 445.57 569.25 Td (Care, ) Tj ET Q q 0 0 0 rg BT 469.54 569.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 487.40 569.25 Td (in ) Tj ET Q q 0 0 0 rg BT 497.77 569.25 Td (connection ) Tj ET Q q 0 0 0 rg BT 544.23 569.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 557.25 Td (its ) Tj ET Q q 0 0 0 rg BT 61.94 557.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 79.98 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 89.70 557.25 Td (Aetna\). ) Tj ET Q q 0 0 0 rg BT 121.72 557.25 Td (The ) Tj ET Q q 0 0 0 rg BT 139.76 557.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 181.13 557.25 Td (did ) Tj ET Q q 0 0 0 rg BT 196.40 557.25 Td (not ) Tj ET Q q 0 0 0 rg BT 211.67 557.25 Td (have ) Tj ET Q q 0 0 0 rg BT 233.04 557.25 Td (any ) Tj ET Q q 0 0 0 rg BT 249.97 557.25 Td (single ) Tj ET Q q 0 0 0 rg BT 276.35 557.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 296.06 557.25 Td (on ) Tj ET Q q 0 0 0 rg BT 308.55 557.25 Td (an ) Tj ET Q q 0 0 0 rg BT 320.48 557.25 Td (investment ) Tj ET Q q 0 0 0 rg BT 366.85 557.25 Td (that ) Tj ET Q q 0 0 0 rg BT 384.34 557.25 Td (contributed ) Tj ET Q q 0 0 0 rg BT 432.38 557.25 Td (more ) Tj ET Q q 0 0 0 rg BT 455.41 557.25 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.12 557.25 Td (10%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.45 557.25 Td ( ) Tj ET Q q 0 0 0 rg BT 495.94 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 506.21 557.25 Td (total ) Tj ET Q q 0 0 0 rg BT 526.48 557.25 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 545.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.28 545.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.28 545.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.28 545.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.28 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 107.78 545.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.61 545.25 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.61 545.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 524.25 Td (Since ) Tj ET Q q 0 0 0 rg BT 98.38 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 112.76 524.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 149.91 524.25 Td (markets ) Tj ET Q q 0 0 0 rg BT 183.73 524.25 Td (are ) Tj ET Q q 0 0 0 rg BT 198.10 524.25 Td (global ) Tj ET Q q 0 0 0 rg BT 225.26 524.25 Td (in ) Tj ET Q q 0 0 0 rg BT 235.21 524.25 Td (nature, ) Tj ET Q q 0 0 0 rg BT 264.86 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 279.24 524.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 320.29 524.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 359.66 524.25 Td (manages ) Tj ET Q q 0 0 0 rg BT 396.81 524.25 Td (its ) Tj ET Q q 0 0 0 rg BT 408.43 524.25 Td (business ) Tj ET Q q 0 0 0 rg BT 444.48 524.25 Td (based ) Tj ET Q q 0 0 0 rg BT 469.42 524.25 Td (on ) Tj ET Q q 0 0 0 rg BT 481.58 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.97 524.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 535.89 524.25 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.70 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 77.29 512.25 Td (enterprise ) Tj ET Q q 0 0 0 rg BT 120.09 512.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 145.11 512.25 Td (as ) Tj ET Q q 0 0 0 rg BT 156.81 512.25 Td (whole, ) Tj ET Q q 0 0 0 rg BT 187.12 512.25 Td (not ) Tj ET Q q 0 0 0 rg BT 203.27 512.25 Td (by ) Tj ET Q q 0 0 0 rg BT 216.65 512.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 264.44 512.25 Td (region. ) Tj ET Q q 0 0 0 rg BT 295.86 512.25 Td (For ) Tj ET Q q 0 0 0 rg BT 313.12 512.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 353.15 512.25 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 394.57 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.16 512.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 457.96 512.25 Td (regions ) Tj ET Q q 0 0 0 rg BT 490.77 512.25 Td (are ) Tj ET Q q 0 0 0 rg BT 506.35 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.19 512.25 Td (Americas, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 500.25 Td (Europe, ) Tj ET Q q 0 0 0 rg BT 83.33 500.25 Td (Australia, ) Tj ET Q q 0 0 0 rg BT 124.98 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 141.37 500.25 Td (Asia, ) Tj ET Q q 0 0 0 rg BT 164.70 500.25 Td (locations ) Tj ET Q q 0 0 0 rg BT 203.30 500.25 Td (in ) Tj ET Q q 0 0 0 rg BT 213.58 500.25 Td (which ) Tj ET Q q 0 0 0 rg BT 240.52 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 255.23 500.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 296.62 500.25 Td (retains ) Tj ET Q q 0 0 0 rg BT 325.78 500.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 378.83 500.25 Td (all ) Tj ET Q q 0 0 0 rg BT 391.32 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 402.15 500.25 Td (its ) Tj ET Q q 0 0 0 rg BT 414.10 500.25 Td (employees.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 479.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.58 479.25 Td (following ) Tj ET Q q 0 0 0 rg BT 132.50 479.25 Td (table ) Tj ET Q q 0 0 0 rg BT 153.97 479.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 188.77 479.25 Td (information ) Tj ET Q q 0 0 0 rg BT 238.01 479.25 Td (about ) Tj ET Q q 0 0 0 rg BT 262.26 479.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.51 479.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 317.43 479.25 Td (by ) Tj ET Q q 0 0 0 rg BT 329.46 479.25 Td (geographic ) Tj ET Q q 0 0 0 rg BT 375.92 479.25 Td (region, ) Tj ET Q q 0 0 0 rg BT 406.00 479.25 Td (after ) Tj ET Q q 0 0 0 rg BT 426.35 479.25 Td (elimination ) Tj ET Q q 0 0 0 rg BT 473.93 479.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.29 479.25 Td (all ) Tj ET Q q 0 0 0 rg BT 496.32 479.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 540.56 479.25 Td (inter) Tj ET Q q 0 0 0 rg BT 558.69 479.25 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 467.25 Td (company ) Tj ET Q q 0 0 0 rg BT 89.16 467.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 126.64 467.25 Td (and ) Tj ET Q q 0 0 0 rg BT 143.58 467.25 Td (transactions:) Tj ET Q 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 412.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 412.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 412.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 412.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 412.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 412.75 60.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 398.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 384.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 384.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 384.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 384.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 384.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 384.75 60.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 370.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 356.75 324.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 356.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 356.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 356.75 60.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 356.75 4.00 -15.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 356.75 60.00 -15.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 341.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 327.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 327.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 327.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 327.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 327.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 327.75 60.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 313.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 299.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 299.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 299.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 299.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 299.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 299.75 60.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 285.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 271.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 271.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 271.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 271.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 271.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 271.75 60.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 257.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 243.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 243.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 243.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 243.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 498.50 243.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 502.50 243.75 60.00 -14.00 re f /GS0 gs 1 1 1 rg /GS0 gs 50.50 229.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 50.50 215.75 324.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 374.50 215.75 60.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 434.50 215.75 4.00 -14.00 re f /GS0 gs 0.8 0.9333333333333333 1 rg /GS0 gs 438.50 215.75 60.00 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0 i [] 0 d 0 J 0 j 3 M 498.5 436.75 m 502.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 436.75 m 562.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 436.75 m 434.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 424.75 m 434.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 436.75 m 438.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 434.5 424.75 m 438.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 436.75 m 498.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 424.75 m 498.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 436.75 m 502.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 424.75 m 502.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 436.75 m 562.5 436.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 424.75 m 562.5 424.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 341.75 m 434.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 341.75 m 498.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 341.75 m 562.5 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 328.75 m 434.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 326.75 m 434.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 328.75 m 498.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 326.75 m 498.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 328.75 m 562.5 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 326.75 m 562.5 326.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 257.75 m 434.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 438.5 257.75 m 498.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 257.75 m 562.5 257.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374.5 244.75 m 434.5 244.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 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1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 158.75 m 562.5 158.75 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 419.60 448.83 Td (As of or) Tj ET Q q 0 0 0 rg BT 446.56 448.83 Td ( for) Tj ET Q q 0 0 0 rg BT 458.63 448.83 Td ( the ) Tj ET Q q 0 0 0 rg BT 473.00 448.83 Td (Y) Tj ET Q q 0 0 0 rg BT 477.89 448.83 Td (ears Ended) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 444.75 440.83 Td (December) Tj ET Q q 0 0 0 rg BT 479.25 440.83 Td (31,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 396.00 428.83 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 460.00 428.83 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 524.00 428.83 Td (2013) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 443.65 416.83 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 403.32 Td (Total revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 389.32 Td (Americas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 389.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 389.32 Td (172,582) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 389.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 389.32 Td (160,633) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 389.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 389.32 Td (160,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 375.32 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 375.32 Td (63,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 375.32 Td (83,369) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 375.32 Td (84,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 361.32 Td (Australia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 361.32 Td (17,589) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 361.32 Td (26,149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 361.32 Td (34,868) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 347.32 Td (Asia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 346.42 Td (7,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 346.42 Td (5,083) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 346.42 Td (7,842) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 332.32 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 332.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 332.32 Td (261,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 332.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 332.32 Td (275,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 332.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 332.32 Td (287,152) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 318.32 Td (Income \(loss\) before taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 304.32 Td (Americas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 304.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 304.32 Td (37,346) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 304.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 304.32 Td (32,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 304.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 304.32 Td (32,741) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 290.32 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 290.32 Td (9,577) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 290.32 Td (26,818) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 290.32 Td (31,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 276.32 Td (Australia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.80 276.37 Td (\(4,457) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.65 276.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 276.32 Td (9,752) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 276.32 Td (6,270) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 262.32 Td (Asia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.65 262.32 Td (829) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.80 262.37 Td (\(1,742) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.65 262.32 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.65 262.32 Td (323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 248.32 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 248.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 248.32 Td (43,295) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 248.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 248.32 Td (67,470) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 248.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 248.32 Td (71,206) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 234.32 Td (Total assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 220.32 Td (Americas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 220.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 220.32 Td (256,967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 220.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 220.32 Td (168,853) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 220.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 220.32 Td (144,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 206.32 Td (Europe) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.15 206.32 Td (44,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 206.32 Td (33,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 206.32 Td (54,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 192.32 Td (Australia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 192.32 Td (114,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 192.32 Td (128,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 192.32 Td (149,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 178.32 Td (Asia) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.15 178.32 Td (7,328) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.15 178.32 Td (6,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.15 178.32 Td (4,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.00 164.32 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.00 164.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.15 164.32 Td (423,838) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.00 164.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 164.32 Td (337,650) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.00 164.32 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.15 164.32 Td (353,446) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 136.25 Td (Note19 Subsequent Events) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 119.25 Td (The ) Tj ET Q q 0 0 0 rg BT 92.05 119.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 133.43 119.25 Td (evaluates ) Tj ET Q q 0 0 0 rg BT 173.14 119.25 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 220.07 119.25 Td (events ) Tj ET Q q 0 0 0 rg BT 248.12 119.25 Td (through ) Tj ET Q q 0 0 0 rg BT 281.73 119.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.45 119.25 Td (date ) Tj ET Q q 0 0 0 rg BT 315.60 119.25 Td (on ) Tj ET Q q 0 0 0 rg BT 328.10 119.25 Td (which ) Tj ET Q q 0 0 0 rg BT 355.04 119.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.76 119.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 407.24 119.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 451.95 119.25 Td (are ) Tj ET Q q 0 0 0 rg BT 466.66 119.25 Td (issued.) 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Tj ET Q endstream endobj 187 0 obj <> endobj 188 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.55 31.60 Td (F-27) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 742.25 Td (Supplemental Financial Information Quarterly Results \(unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 725.25 Td (The ) Tj ET Q q 0 0 0 rg BT 91.30 725.25 Td (following ) Tj ET Q q 0 0 0 rg BT 131.93 725.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 174.22 725.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.19 725.25 Td (Company) Tj ET Q q 0 0 0 rg BT 229.85 725.25 Td (s ) Tj ET Q q 0 0 0 rg BT 235.50 725.25 Td (unaudited ) Tj ET Q q 0 0 0 rg BT 276.68 725.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 314.52 725.25 Td (results ) Tj ET Q q 0 0 0 rg BT 342.38 725.25 Td (for ) Tj ET Q q 0 0 0 rg BT 355.79 725.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.76 725.25 Td (years ) Tj ET Q q 0 0 0 rg BT 392.61 725.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 418.24 725.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.07 725.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.07 725.25 Td ( ) Tj ET Q q 0 0 0 rg BT 497.82 725.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.01 725.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.01 725.25 Td (. ) Tj ET Q q 0 0 0 rg BT 538.14 725.25 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 713.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 88.52 713.25 Td (results ) Tj ET Q q 0 0 0 rg BT 117.05 713.25 Td (were ) Tj ET Q q 0 0 0 rg BT 138.91 713.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 176.31 713.25 Td (in ) Tj ET Q q 0 0 0 rg BT 186.51 713.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 233.90 713.25 Td (with ) Tj ET Q q 0 0 0 rg BT 254.10 713.25 Td (U.S.generally ) Tj ET Q q 0 0 0 rg BT 314.02 713.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 351.41 713.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 397.71 713.25 Td (principles ) Tj ET Q q 0 0 0 rg BT 439.57 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 456.43 713.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 484.39 713.25 Td (all ) Tj ET Q q 0 0 0 rg BT 496.81 713.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 547.01 713.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 701.25 Td (are, ) Tj ET Q q 0 0 0 rg BT 67.21 701.25 Td (in ) Tj ET Q q 0 0 0 rg BT 77.49 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 92.20 701.25 Td (opinion ) Tj ET Q q 0 0 0 rg BT 125.26 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.09 701.25 Td (management, ) Tj ET Q q 0 0 0 rg BT 192.18 701.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 233.54 701.25 Td (for ) Tj ET Q q 0 0 0 rg BT 247.71 701.25 Td (a ) Tj ET Q q 0 0 0 rg BT 254.64 701.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 271.02 701.25 Td (presentation ) Tj ET Q q 0 0 0 rg BT 322.39 701.25 Td (of ) Tj ET Q q 0 0 0 rg BT 333.22 701.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.94 701.25 Td (results.) 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IV L.P., J.P.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 660.32 Td (Morgan Secondary Private Equity Investors LLC, 522 Fifth Avenue Fund, L.P., Constellation Energy Group,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 650.32 Td (Inc. Master Trust, Constellation Energy Nuclear Group, LLC Master Trust, GCP Pooled Block 1, LLC, GCP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 640.32 Td (Offshore Block 1, LLC, GCP Offshore Block 2, LLC, GCP Offshore Block 3, LLC and GCP Offshore Block 4,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 630.32 Td (LLC, Greenhill Capital Partners, LLC \(the Seller\), GCP Managing Partner II, L.P. and Greenhill & Co., Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 620.32 Td (\(incorporated by reference to Exhibit2.1 to the Registrants Current Report on Form8-K filed on June 16,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 610.32 Td (2011\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 595.32 Td (2.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 595.32 Td (Unit Purchase Agreement dated as of February 9, 2015 by and among Cogent Partners, LP, CP Cogent Securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 585.32 Td (LP, Cogent Partners Europe LLP, Greenhill & Co., Inc., and the Sellers and Seller Representative Named therein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 575.32 Td (\(incorporated by reference to Exhibit 2.1 to the Registrant's Current Report on Form 8-K filed on April 7, 2015\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 559.32 Td (2.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 559.32 Td (Amendment No. 1 to Unit Purchase Agreement dated as of March 31, 2015 by and among Cogent Partners, LP,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 549.32 Td (CP Cogent Securities LP, Cogent Partners Europe LLP, Greenhill & Co., Inc. and the Seller Representative as) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 539.32 Td (defined in the Unit Purchase Agreement \(incorporated by reference to Exhibit 2.2 to the Registrant's Current) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 529.32 Td (Report on Form 8-K filed on April 7, 2015\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 514.32 Td (3.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 514.32 Td (Amended and Restated Certificate of Incorporation \(incorporated by reference to Exhibit3.1 to the Registrants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 504.32 Td (Current Report on Form8-K filed on October27, 2007\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 489.32 Td (3.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 489.32 Td (Amended and Restated By-Laws \(incorporated by reference to Exhibit3.1 to the Registrants Current Report on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 479.32 Td (Form8-K filed on April 24, 2015\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 464.32 Td (3.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 464.32 Td (Certificate of Designations, Preferences and Rights of SeriesA-1 Contingent Convertible Preferred Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 454.32 Td (\(incorporated by reference to Exhibit3.1 to Registrants Current Report on Form8-K filed on April1, 2010\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 439.32 Td (3.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 439.32 Td (Certificate of Designations, Preferences and Rights of SeriesA-2 Contingent Convertible Preferred Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 429.32 Td (\(incorporated by reference to Exhibit3.2 to Registrants Current Report on Form8-K filed on April1, 2010\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 414.32 Td (4.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 414.32 Td (Form of Common Stock Certificate \(incorporated by reference to Exhibit4.1 to the Registrants registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 404.32 Td (statement on FormS-1/A \(No.333-113526\) filed on April30, 2004\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 389.32 Td (10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 389.32 Td (Form of Indemnification Agreement \(incorporated by reference to Exhibit10.6 to the Registrants registration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 379.32 Td (statement on FormS-1/A \(No.333-113526\) filed on April30, 2004\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 364.32 Td (10.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 364.32 Td (Sublease Agreement dated January1, 2004 between Greenhill Aviation Co., LLC and Riversville Aircraft) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 354.32 Td (Corporation \(incorporated by reference to Exhibit10.14 to the Registrants registration statement on FormS-1/A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 344.32 Td (\(No.333-113526\) filed on April30, 2004\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 329.32 Td (10.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 329.32 Td (Form of Senior Advisor Employment and Non-Competition Agreement \(incorporated by reference to) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 319.32 Td (Exhibit10.29 to the Registrants Quarterly Report on Form10-Q for the period ended September30, 2005\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 304.32 Td (10.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 304.32 Td (Loan Agreement dated as of January31, 2006 by and between First Republic Bank and Greenhill& Co., Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 294.32 Td (\(incorporated by reference to Exhibit10.31 to the Registrants Annual Report on Form10-K for the fiscal year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 284.32 Td (ended December31, 2005\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 269.32 Td (10.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 269.32 Td (Amended and Restated Equity Incentive Plan \(incorporated by reference to ExhibitA to the Registrants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 259.32 Td (Definitive Proxy Statement on Schedule 14A, filed on March 13, 2015\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 244.32 Td (10.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 244.32 Td (Form of Greenhill& Co. Equity Incentive Plan Restricted Stock Award Notification \(MDs\) Five Year Ratable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 234.32 Td (Vesting \(incorporated by reference to Exhibit10.45 to the Registrants Quarterly Report on Form10-Q for the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 224.32 Td (period ended March31, 2009\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 209.32 Td (10.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 209.32 Td (Form of Greenhill& Co. Equity Incentive Plan Restricted Stock Award Notification \(MDs\) Five Year Cliff) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 199.32 Td (Vesting \(incorporated by reference to Exhibit10.46 to the Registrants Quarterly Report on Form10-Q for the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 189.32 Td (period ended March31, 2009\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 174.32 Td (10.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 174.32 Td (Form of Greenhill& Co. 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Rodriguez,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 623.07 Td (Jr. and Greenhill & Co., Inc. \(incorporated by reference to Exhibit10.61 to the Registrants Annual Report on) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 613.07 Td (Form10-K for the year ended December31, 2012\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 598.07 Td (10.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 597.17 Td (Renewal and Modification Agreement, dated as of May 1, 2013, between First Republic Bank and Greenhill &) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 587.17 Td (Co., Inc. \(incorporated by reference to Exhibit10.2 to Registrants Quarterly Report on Form10-Q for the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.00 577.17 Td (period ended March 31, 2013\).) 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(\($45,000,000.00\) ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 357.87 519.20 Td (\(collectively ) Tj ET Q q 0 0 0 rg BT 401.27 519.20 Td (the ) Tj ET Q q 0 0 0 rg BT 414.44 519.20 Td (T) Tj ET Q q 0 0 0 rg BT 421.11 519.20 Td (erm ) Tj ET Q q 0 0 0 rg BT 436.94 519.20 Td (Notes\) ) Tj ET Q q 0 0 0 rg BT 465.22 519.20 Td (\(The ) Tj ET Q q 0 0 0 rg BT 483.59 519.20 Td (T) Tj ET Q q 0 0 0 rg BT 487.59 519.20 Td (erm ) Tj ET Q q 0 0 0 rg BT 503.42 519.20 Td (Loan ) Tj ET Q q 0 0 0 rg BT 522.86 519.20 Td (Agreement ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 509.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.57 509.60 Td (the ) Tj ET Q q 0 0 0 rg BT 78.77 509.60 Td (T) Tj ET Q q 0 0 0 rg BT 82.77 509.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 98.77 509.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 121.89 509.60 Td (are ) Tj ET Q q 0 0 0 rg BT 135.68 509.60 Td (collectively ) Tj ET Q q 0 0 0 rg BT 176.58 509.60 Td (referred ) Tj ET Q q 0 0 0 rg BT 206.81 509.60 Td (to ) Tj ET Q q 0 0 0 rg BT 215.71 509.60 Td (as ) Tj ET Q q 0 0 0 rg BT 226.38 509.60 Td (the ) Tj ET Q q 0 0 0 rg BT 239.72 509.60 Td (T) Tj ET Q q 0 0 0 rg BT 246.39 509.60 Td (erm ) Tj ET Q q 0 0 0 rg BT 262.39 509.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 282.41 509.60 Td (Documents\). ) Tj ET Q q 0 0 0 rg BT 332.64 509.60 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 86.00 488.00 Td (B.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.56 488.00 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 122.00 488.00 Td (Prior ) Tj ET Q q 0 0 0 rg BT 141.84 488.00 Td (hereto, ) Tj ET Q q 0 0 0 rg BT 169.69 488.00 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 205.10 488.00 Td (and ) Tj ET Q q 0 0 0 rg BT 221.39 488.00 Td (First ) Tj ET Q q 0 0 0 rg BT 239.89 488.00 Td (Republic ) Tj ET Q q 0 0 0 rg BT 273.97 488.00 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 297.38 488.00 Td (a ) Tj ET Q q 0 0 0 rg BT 304.77 488.00 Td (Nevada ) Tj ET Q q 0 0 0 rg BT 335.30 488.00 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 380.49 488.00 Td (predecessor-in-interest ) Tj ET Q q 0 0 0 rg BT 465.25 488.00 Td (to ) Tj ET Q q 0 0 0 rg BT 474.87 488.00 Td (Lender ) Tj ET Q q 0 0 0 rg BT 502.73 488.00 Td (entered ) Tj ET Q q 0 0 0 rg BT 532.81 488.00 Td (into ) Tj ET Q q 0 0 0 rg BT 548.66 488.00 Td (that ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 478.40 Td (certain ) Tj ET Q q 0 0 0 rg BT 76.07 478.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 95.52 478.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 136.72 478.40 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 173.91 478.40 Td (Line ) Tj ET Q q 0 0 0 rg BT 191.09 478.40 Td (of ) Tj ET Q q 0 0 0 rg BT 199.82 478.40 Td (Credit ) Tj ET Q q 0 0 0 rg BT 223.23 478.40 Td (dated ) Tj ET Q q 0 0 0 rg BT 245.31 478.40 Td (January ) Tj ET Q q 0 0 0 rg BT 275.83 478.40 Td (31, ) Tj ET Q q 0 0 0 rg BT 289.01 478.40 Td (2006, ) Tj ET Q q 0 0 0 rg BT 311.09 478.40 Td (as ) Tj ET Q q 0 0 0 rg BT 321.60 478.40 Td (modified ) Tj ET Q q 0 0 0 rg BT 353.90 478.40 Td (\(the ) Tj ET Q q 0 0 0 rg BT 369.75 478.40 Td ("Revolving ) Tj ET Q q 0 0 0 rg BT 409.78 478.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 429.22 478.40 Td (Agreement"\) ) Tj ET Q q 0 0 0 rg BT 475.92 478.40 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 509.12 478.40 Td (to ) Tj ET Q q 0 0 0 rg BT 517.85 478.40 Td (which ) Tj ET Q q 0 0 0 rg BT 540.36 478.40 Td (a ) Tj ET Q q 0 0 0 rg BT 546.87 478.40 Td (loan ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 468.80 Td (in ) Tj ET Q q 0 0 0 rg BT 58.45 468.80 Td (the ) Tj ET Q q 0 0 0 rg BT 71.79 468.80 Td (principal ) Tj ET Q q 0 0 0 rg BT 103.81 468.80 Td (amount ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 132.71 468.80 Td (of ) Tj ET Q q 0 0 0 rg BT 142.49 468.80 Td (Forty-Five ) Tj ET Q q 0 0 0 rg BT 183.38 468.80 Td (Million ) Tj ET Q q 0 0 0 rg BT 210.93 468.80 Td (and ) Tj ET Q q 0 0 0 rg BT 227.38 468.80 Td (00/100 ) Tj ET Q q 0 0 0 rg BT 254.07 468.80 Td (Dollars ) Tj ET Q q 0 0 0 rg BT 283.41 468.80 Td (\($45,000,000.00\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 344.35 468.80 Td (, ) Tj ET Q q 0 0 0 rg BT 348.80 468.80 Td (\(as ) Tj ET Q q 0 0 0 rg BT 362.13 468.80 Td (modified ) Tj ET Q q 0 0 0 rg BT 394.59 468.80 Td (the ) Tj ET Q q 0 0 0 rg BT 407.94 468.80 Td ("Revolving ) Tj ET Q q 0 0 0 rg BT 448.13 468.80 Td (Loan"\) ) Tj ET Q q 0 0 0 rg BT 473.65 468.80 Td (was ) Tj ET Q q 0 0 0 rg BT 490.10 468.80 Td (made ) Tj ET Q q 0 0 0 rg BT 512.34 468.80 Td (to ) Tj ET Q q 0 0 0 rg BT 521.23 468.80 Td (Borrower) Tj ET Q q 0 0 0 rg BT 553.24 468.80 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 456.80 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 86.00 444.80 Td (C.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 444.80 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 122.00 444.80 Td (Prior ) Tj ET Q q 0 0 0 rg BT 140.91 444.80 Td (hereto ) Tj ET Q q 0 0 0 rg BT 165.61 444.80 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 200.08 444.80 Td (and ) Tj ET Q q 0 0 0 rg BT 215.44 444.80 Td (Lender ) Tj ET Q q 0 0 0 rg BT 242.37 444.80 Td (also ) Tj ET Q q 0 0 0 rg BT 259.06 444.80 Td (entered ) Tj ET Q q 0 0 0 rg BT 288.21 444.80 Td (into ) Tj ET Q q 0 0 0 rg BT 303.13 444.80 Td (a ) Tj ET Q q 0 0 0 rg BT 309.59 444.80 Td (Renewal ) Tj ET Q q 0 0 0 rg BT 342.74 444.80 Td (and ) Tj ET Q q 0 0 0 rg BT 358.10 444.80 Td (Modification ) Tj ET Q q 0 0 0 rg BT 402.40 444.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 443.55 444.80 Td (dated ) Tj ET Q q 0 0 0 rg BT 465.59 444.80 Td (as ) Tj ET Q q 0 0 0 rg BT 476.06 444.80 Td (of ) Tj ET Q q 0 0 0 rg BT 484.34 444.80 Td (April ) Tj ET Q q 0 0 0 rg BT 502.36 444.80 Td (1, ) Tj ET Q q 0 0 0 rg BT 511.05 444.80 Td (2015 ) Tj ET Q q 0 0 0 rg BT 530.87 444.80 Td (pursuant ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 435.20 Td (to ) Tj ET Q q 0 0 0 rg BT 59.19 435.20 Td (which, ) Tj ET Q q 0 0 0 rg BT 84.38 435.20 Td (among ) Tj ET Q q 0 0 0 rg BT 111.35 435.20 Td (other ) Tj ET Q q 0 0 0 rg BT 132.10 435.20 Td (things, ) Tj ET Q q 0 0 0 rg BT 158.19 435.20 Td (Lender ) Tj ET Q q 0 0 0 rg BT 185.61 435.20 Td (increased ) Tj ET Q q 0 0 0 rg BT 222.81 435.20 Td (the ) Tj ET Q q 0 0 0 rg BT 236.45 435.20 Td (principal ) Tj ET Q q 0 0 0 rg BT 268.76 435.20 Td (amount ) Tj ET Q q 0 0 0 rg BT 297.96 435.20 Td (of ) Tj ET Q q 0 0 0 rg BT 307.14 435.20 Td (the ) Tj ET Q q 0 0 0 rg BT 320.78 435.20 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 358.42 435.20 Td (Loan ) Tj ET Q q 0 0 0 rg BT 378.73 435.20 Td (to ) Tj ET Q q 0 0 0 rg BT 387.92 435.20 Td (the ) Tj ET Q q 0 0 0 rg BT 401.55 435.20 Td (principal ) Tj ET Q q 0 0 0 rg BT 433.86 435.20 Td (sum ) Tj ET Q q 0 0 0 rg BT 451.49 435.20 Td (of ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 460.68 435.20 Td (Fifty ) Tj ET Q q 0 0 0 rg BT 480.08 435.20 Td (Million ) Tj ET Q q 0 0 0 rg BT 507.92 435.20 Td (and ) Tj ET Q q 0 0 0 rg BT 524.66 435.20 Td (no/100ths ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 50.00 425.60 Td (Dollars ) Tj ET Q q 0 0 0 rg BT 79.33 425.60 Td (\($50,000,000.00\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 140.26 425.60 Td (. ) Tj ET Q q 0 0 0 rg BT 144.55 425.60 Td (The ) Tj ET Q q 0 0 0 rg BT 160.54 425.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 180.54 425.60 Td (is ) Tj ET Q q 0 0 0 rg BT 188.52 425.60 Td (evidenced ) Tj ET Q q 0 0 0 rg BT 227.19 425.60 Td (by ) Tj ET Q q 0 0 0 rg BT 237.85 425.60 Td (Borrower's ) Tj ET Q q 0 0 0 rg BT 278.03 425.60 Td (Eighth ) Tj ET Q q 0 0 0 rg BT 302.48 425.60 Td (Amended ) Tj ET Q q 0 0 0 rg BT 338.93 425.60 Td (and ) Tj ET Q q 0 0 0 rg BT 354.48 425.60 Td (Restated ) Tj ET Q q 0 0 0 rg BT 388.71 425.60 Td (Promissory ) Tj ET Q q 0 0 0 rg BT 430.92 425.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 450.02 425.60 Td (dated ) Tj ET Q q 0 0 0 rg BT 471.81 425.60 Td (April ) Tj ET Q q 0 0 0 rg BT 490.01 425.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 498.89 425.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 521.11 425.60 Td (as ) Tj ET Q q 0 0 0 rg BT 531.77 425.60 Td (modified ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 416.00 Td (\(the ) Tj ET Q q 0 0 0 rg BT 65.44 416.00 Td ("Revolving ) Tj ET Q q 0 0 0 rg BT 105.07 416.00 Td (Note"\). ) Tj ET Q q 0 0 0 rg BT 131.35 416.00 Td (\(The ) Tj ET Q q 0 0 0 rg BT 149.45 416.00 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 186.24 416.00 Td (Loan ) Tj ET Q q 0 0 0 rg BT 205.36 416.00 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 248.37 416.00 Td (the ) Tj ET Q q 0 0 0 rg BT 261.15 416.00 Td (Renewal ) Tj ET Q q 0 0 0 rg BT 293.94 416.00 Td (and ) Tj ET Q q 0 0 0 rg BT 308.94 416.00 Td (Modification ) Tj ET Q q 0 0 0 rg BT 352.96 416.00 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 395.97 416.00 Td (the ) Tj ET Q q 0 0 0 rg BT 408.74 416.00 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 445.53 416.00 Td (Note ) Tj ET Q q 0 0 0 rg BT 464.08 416.00 Td (and ) Tj ET Q q 0 0 0 rg BT 479.09 416.00 Td (all ) Tj ET Q q 0 0 0 rg BT 488.75 416.00 Td (documents ) Tj ET Q q 0 0 0 rg BT 529.54 416.00 Td (executed ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 406.40 Td (in ) Tj ET Q q 0 0 0 rg BT 58.45 406.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 99.37 406.40 Td (therewith ) Tj ET Q q 0 0 0 rg BT 134.05 406.40 Td (are ) Tj ET Q q 0 0 0 rg BT 147.84 406.40 Td (referred ) Tj ET Q q 0 0 0 rg BT 178.07 406.40 Td (to ) Tj ET Q q 0 0 0 rg BT 186.96 406.40 Td (collectively ) Tj ET Q q 0 0 0 rg BT 227.87 406.40 Td (as ) Tj ET Q q 0 0 0 rg BT 238.54 406.40 Td (the ) Tj ET Q q 0 0 0 rg BT 251.88 406.40 Td ("Revolving ) Tj ET Q q 0 0 0 rg BT 292.07 406.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 312.09 406.40 Td (Documents"\).) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 86.00 384.80 Td (D.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.00 384.80 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 122.00 384.80 Td (The ) Tj ET Q q 0 0 0 rg BT 138.25 384.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 178.96 384.80 Td (of ) Tj ET Q q 0 0 0 rg BT 188.09 384.80 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 223.01 384.80 Td (under ) Tj ET Q q 0 0 0 rg BT 245.93 384.80 Td (the ) Tj ET Q q 0 0 0 rg BT 259.52 384.80 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 297.11 384.80 Td (Loan ) Tj ET Q q 0 0 0 rg BT 317.37 384.80 Td (are ) Tj ET Q q 0 0 0 rg BT 331.39 384.80 Td (secured ) Tj ET Q q 0 0 0 rg BT 362.32 384.80 Td (by ) Tj ET Q q 0 0 0 rg BT 373.23 384.80 Td (a ) Tj ET Q q 0 0 0 rg BT 380.14 384.80 Td (Security ) Tj ET Q q 0 0 0 rg BT 411.01 384.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 452.61 384.80 Td (\(LLC ) Tj ET Q q 0 0 0 rg BT 472.41 384.80 Td (Distributions\) ) Tj ET Q q 0 0 0 rg BT 521.55 384.80 Td (\(Revolving ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 375.20 Td (Loan ) Tj ET Q q 0 0 0 rg BT 70.56 375.20 Td (Security ) Tj ET Q q 0 0 0 rg BT 101.68 375.20 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 148.91 375.20 Td (dated ) Tj ET Q q 0 0 0 rg BT 171.69 375.20 Td (as ) Tj ET Q q 0 0 0 rg BT 182.91 375.20 Td (of ) Tj ET Q q 0 0 0 rg BT 191.80 375.20 Td (April ) Tj ET Q q 0 0 0 rg BT 210.57 375.20 Td (30, ) Tj ET Q q 0 0 0 rg BT 224.46 375.20 Td (2010 ) Tj ET Q q 0 0 0 rg BT 245.02 375.20 Td (executed ) Tj ET Q q 0 0 0 rg BT 280.25 375.20 Td (by ) Tj ET Q q 0 0 0 rg BT 291.47 375.20 Td (Borrower) Tj ET Q q 0 0 0 rg BT 323.48 375.20 Td (. ) Tj ET Q q 0 0 0 rg BT 328.47 375.20 Td ( ) Tj ET Q q 0 0 0 rg BT 331.06 375.20 Td (The ) Tj ET Q q 0 0 0 rg BT 347.61 375.20 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 385.50 375.20 Td (Loan ) Tj ET Q q 0 0 0 rg BT 406.07 375.20 Td (Security ) Tj ET Q q 0 0 0 rg BT 437.18 375.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 479.08 375.20 Td (secures ) Tj ET Q q 0 0 0 rg BT 509.86 375.20 Td (the ) Tj ET Q q 0 0 0 rg BT 523.75 375.20 Td (obligations ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 365.60 Td (\(Revolving ) Tj ET Q q 0 0 0 rg BT 92.68 365.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 112.70 365.60 Td (Secured ) Tj ET Q q 0 0 0 rg BT 144.72 365.60 Td (Obligations\) ) Tj ET Q q 0 0 0 rg BT 192.29 365.60 Td (of ) Tj ET Q q 0 0 0 rg BT 201.19 365.60 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 235.86 365.60 Td (under ) Tj ET Q q 0 0 0 rg BT 258.55 365.60 Td (the ) Tj ET Q q 0 0 0 rg BT 271.89 365.60 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 309.24 365.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 329.26 365.60 Td (Documents. ) Tj ET Q q 0 0 0 rg BT 374.17 365.60 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 86.00 344.00 Td (E.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.56 344.00 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 122.00 344.00 Td (This ) Tj ET Q q 0 0 0 rg BT 138.90 344.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 180.27 344.00 Td (is ) Tj ET Q q 0 0 0 rg BT 188.28 344.00 Td (being ) Tj ET Q q 0 0 0 rg BT 210.09 344.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 243.01 344.00 Td (to ) Tj ET Q q 0 0 0 rg BT 251.92 344.00 Td (secure ) Tj ET Q q 0 0 0 rg BT 278.17 344.00 Td (Borrower) Tj ET Q q 0 0 0 rg BT 310.92 344.00 Td () Tj ET Q q 0 0 0 rg BT 312.55 344.00 Td (s ) Tj ET Q q 0 0 0 rg BT 318.78 344.00 Td (obligations ) Tj ET Q q 0 0 0 rg BT 359.27 344.00 Td (under ) Tj ET Q q 0 0 0 rg BT 381.96 344.00 Td (the ) Tj ET Q q 0 0 0 rg BT 395.17 344.00 Td (T) Tj ET Q q 0 0 0 rg BT 399.17 344.00 Td (erm ) Tj ET Q q 0 0 0 rg BT 415.19 344.00 Td (Loan ) Tj ET Q q 0 0 0 rg BT 435.22 344.00 Td (Documents ) Tj ET Q q 0 0 0 rg BT 477.91 344.00 Td (and ) Tj ET Q q 0 0 0 rg BT 493.49 344.00 Td (the ) Tj ET Q q 0 0 0 rg BT 506.85 344.00 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 544.21 344.00 Td (Loan ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 334.40 Td (Documents. ) Tj ET Q q 0 0 0 rg BT 94.63 334.40 Td (\(The ) Tj ET Q q 0 0 0 rg BT 112.90 334.40 Td (T) Tj ET Q q 0 0 0 rg BT 116.90 334.40 Td (erm ) Tj ET Q q 0 0 0 rg BT 132.62 334.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 151.97 334.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 193.05 334.40 Td (and ) Tj ET Q q 0 0 0 rg BT 208.34 334.40 Td (the ) Tj ET Q q 0 0 0 rg BT 221.41 334.40 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 258.48 334.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 277.84 334.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 318.92 334.40 Td (are ) Tj ET Q q 0 0 0 rg BT 332.42 334.40 Td (collectively ) Tj ET Q q 0 0 0 rg BT 373.05 334.40 Td (referred ) Tj ET Q q 0 0 0 rg BT 403.00 334.40 Td (to ) Tj ET Q q 0 0 0 rg BT 411.62 334.40 Td (as ) Tj ET Q q 0 0 0 rg BT 422.02 334.40 Td (the ) Tj ET Q q 0 0 0 rg BT 435.08 334.40 Td (Loan ) Tj ET Q q 0 0 0 rg BT 457.10 334.40 Td (Agreements. ) Tj ET Q q 0 0 0 rg BT 507.07 334.40 Td ( ) Tj ET Q q 0 0 0 rg BT 508.88 334.40 Td (The ) Tj ET Q q 0 0 0 rg BT 524.49 334.40 Td (T) Tj ET Q q 0 0 0 rg BT 528.49 334.40 Td (erm ) Tj ET Q q 0 0 0 rg BT 544.21 334.40 Td (Loan ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 324.80 Td (Documents ) Tj ET Q q 0 0 0 rg BT 92.42 324.80 Td (and ) Tj ET Q q 0 0 0 rg BT 107.73 324.80 Td (the ) Tj ET Q q 0 0 0 rg BT 120.81 324.80 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 157.90 324.80 Td (Loan ) Tj ET Q q 0 0 0 rg BT 177.66 324.80 Td (Documents ) Tj ET Q q 0 0 0 rg BT 220.08 324.80 Td (are ) Tj ET Q q 0 0 0 rg BT 233.60 324.80 Td (collectively ) Tj ET Q q 0 0 0 rg BT 274.24 324.80 Td (referred ) Tj ET Q q 0 0 0 rg BT 304.21 324.80 Td (to ) Tj ET Q q 0 0 0 rg BT 312.84 324.80 Td (as ) Tj ET Q q 0 0 0 rg BT 323.25 324.80 Td (the ) Tj ET Q q 0 0 0 rg BT 336.33 324.80 Td (Loan ) Tj ET Q q 0 0 0 rg BT 358.75 324.80 Td (Documents. ) Tj ET Q q 0 0 0 rg BT 406.06 324.80 Td ( ) Tj ET Q q 0 0 0 rg BT 407.89 324.80 Td (The ) Tj ET Q q 0 0 0 rg BT 423.51 324.80 Td (T) Tj ET Q q 0 0 0 rg BT 427.51 324.80 Td (erm ) Tj ET Q q 0 0 0 rg BT 443.25 324.80 Td (Notes ) Tj ET Q q 0 0 0 rg BT 466.11 324.80 Td (and ) Tj ET Q q 0 0 0 rg BT 481.41 324.80 Td (the ) Tj ET Q q 0 0 0 rg BT 494.50 324.80 Td (Revolving ) Tj ET Q q 0 0 0 rg BT 531.58 324.80 Td (Note ) Tj ET Q q 0 0 0 rg BT 550.44 324.80 Td (are ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 315.20 Td (collectively ) Tj ET Q q 0 0 0 rg BT 90.90 315.20 Td (referred ) Tj ET Q q 0 0 0 rg BT 121.14 315.20 Td (to ) Tj ET Q q 0 0 0 rg BT 130.03 315.20 Td (as ) Tj ET Q q 0 0 0 rg BT 140.70 315.20 Td (the ) Tj ET Q q 0 0 0 rg BT 154.05 315.20 Td (Notes\).) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 86.00 296.00 Td (NOW ) Tj ET Q q 0 0 0 rg BT 108.29 296.00 Td (THEREFORE, ) Tj ET Q q 0 0 0 rg BT 162.77 296.00 Td (for ) Tj ET Q q 0 0 0 rg BT 175.03 296.00 Td (valuable ) Tj ET Q q 0 0 0 rg BT 207.76 296.00 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 260.49 296.00 Td (the ) Tj ET Q q 0 0 0 rg BT 274.53 296.00 Td (receipt ) Tj ET Q q 0 0 0 rg BT 301.47 296.00 Td (and ) Tj ET Q q 0 0 0 rg BT 317.74 296.00 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 355.36 296.00 Td (of ) Tj ET Q q 0 0 0 rg BT 364.96 296.00 Td (which ) Tj ET Q q 0 0 0 rg BT 388.34 296.00 Td (are ) Tj ET Q q 0 0 0 rg BT 402.83 296.00 Td (acknowledged, ) Tj ET Q q 0 0 0 rg BT 459.12 296.00 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 486.06 296.00 Td (and ) Tj ET Q q 0 0 0 rg BT 502.33 296.00 Td (Lender ) Tj ET Q q 0 0 0 rg BT 530.17 296.00 Td (agree ) Tj ET Q q 0 0 0 rg BT 553.55 296.00 Td (as ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 286.40 Td (follows:) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 286.40 267.20 Td (ARTICLE I) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 280.65 257.60 Td (DEFINITIONS) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 86.00 238.40 Td (For ) Tj ET Q q 0 0 0 rg BT 100.42 238.40 Td (purposes ) Tj ET Q q 0 0 0 rg BT 135.76 238.40 Td (of ) Tj ET Q q 0 0 0 rg BT 144.85 238.40 Td (this ) Tj ET Q q 0 0 0 rg BT 159.24 238.40 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 203.02 238.40 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 243.25 238.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 265.67 238.40 Td (not ) Tj ET Q q 0 0 0 rg BT 279.21 238.40 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 315.88 238.40 Td (defined ) Tj ET Q q 0 0 0 rg BT 344.55 238.40 Td (in ) Tj ET Q q 0 0 0 rg BT 353.20 238.40 Td (this ) Tj ET Q q 0 0 0 rg BT 367.59 238.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 409.14 238.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 428.02 238.40 Td (have ) Tj ET Q q 0 0 0 rg BT 447.79 238.40 Td (the ) Tj ET Q q 0 0 0 rg BT 461.33 238.40 Td (meanings ) Tj ET Q q 0 0 0 rg BT 498.45 238.40 Td (provided ) Tj ET Q q 0 0 0 rg BT 531.56 238.40 Td (below ) Tj ET Q q 0 0 0 rg BT 554.88 238.40 Td (or ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 228.80 Td (in ) Tj ET Q q 0 0 0 rg BT 58.45 228.80 Td (the ) Tj ET Q q 0 0 0 rg BT 71.79 228.80 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 116.69 228.80 Td (Code ) Tj ET Q q 0 0 0 rg BT 138.04 228.80 Td (or ) Tj ET Q q 0 0 0 rg BT 147.37 228.80 Td (in ) Tj ET Q q 0 0 0 rg BT 155.82 228.80 Td (the ) Tj ET Q q 0 0 0 rg BT 169.16 228.80 Td (applicable ) Tj ET Q q 0 0 0 rg BT 207.41 228.80 Td (Loan ) Tj ET Q q 0 0 0 rg BT 226.99 228.80 Td (Agreement.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 86.00 209.60 Td (1.1 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 208.33242187500002 m 163.7890625 208.33242187500002 l s q 0 0 0 rg BT 122.00 209.60 Td (Agreement) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 163.79 209.60 Td ( ) Tj ET Q q 0 0 0 rg BT 167.01 209.60 Td (- ) Tj ET Q q 0 0 0 rg BT 172.90 209.60 Td (means ) Tj ET Q q 0 0 0 rg BT 200.13 209.60 Td (this ) Tj ET Q q 0 0 0 rg BT 215.81 209.60 Td (Security ) Tj ET Q q 0 0 0 rg BT 247.29 209.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 291.87 209.60 Td (including ) Tj ET Q q 0 0 0 rg BT 326.67 209.60 Td (any ) Tj ET Q q 0 0 0 rg BT 342.79 209.60 Td (Exhibits, ) Tj ET Q q 0 0 0 rg BT 376.25 209.60 Td (any ) Tj ET Q q 0 0 0 rg BT 392.37 209.60 Td (concurrent ) Tj ET Q q 0 0 0 rg BT 433.39 209.60 Td (or ) Tj ET Q q 0 0 0 rg BT 443.73 209.60 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 488.32 209.60 Td (rider ) Tj ET Q q 0 0 0 rg BT 507.54 209.60 Td (to ) Tj ET Q q 0 0 0 rg BT 517.44 209.60 Td (this ) Tj ET Q q 0 0 0 rg BT 533.11 209.60 Td (Security ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 86.00 200.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 127.36 200.00 Td (and ) Tj ET Q q 0 0 0 rg BT 142.93 200.00 Td (any ) Tj ET Q q 0 0 0 rg BT 158.05 200.00 Td (extensions, ) Tj ET Q q 0 0 0 rg BT 200.74 200.00 Td (supplements, ) Tj ET Q q 0 0 0 rg BT 250.54 200.00 Td (amendments ) Tj ET Q q 0 0 0 rg BT 299.01 200.00 Td (or ) Tj ET Q q 0 0 0 rg BT 308.35 200.00 Td (modifications ) Tj ET Q q 0 0 0 rg BT 357.26 200.00 Td (to ) Tj ET Q q 0 0 0 rg BT 366.15 200.00 Td (this ) Tj ET Q q 0 0 0 rg BT 380.82 200.00 Td (Security ) Tj ET Q q 0 0 0 rg BT 411.50 200.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 452.86 200.00 Td (and/or ) Tj ET Q q 0 0 0 rg BT 477.77 200.00 Td (to ) Tj ET Q q 0 0 0 rg BT 486.66 200.00 Td (any ) Tj ET Q q 0 0 0 rg BT 501.78 200.00 Td (such ) Tj ET Q q 0 0 0 rg BT 520.90 200.00 Td (rider) Tj ET Q q 0 0 0 rg BT 536.46 200.00 Td (.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 190.40 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 180.80 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 180.80 Td (1.2 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 179.53242187499995 m 181.578125 179.53242187499995 l s q 0 0 0 rg BT 122.00 180.80 Td (Attorneys) Tj ET Q q 0 0 0 rg BT 161.12 180.80 Td ( ) Tj ET Q q 0 0 0 rg BT 163.34 180.80 Td (Fees) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 181.58 180.80 Td ( ) Tj ET Q q 0 0 0 rg BT 183.80 180.80 Td (- ) Tj ET Q q 0 0 0 rg BT 188.69 180.80 Td (is ) Tj ET Q q 0 0 0 rg BT 196.69 180.80 Td (defined ) Tj ET Q q 0 0 0 rg BT 225.16 180.80 Td (in ) Tj ET Q q 0 0 0 rg BT 233.61 180.80 Td (Section ) Tj ET Q q 0 0 0 rg BT 262.51 180.80 Td (8.5.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 161.60 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 161.60 Td (1.3 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 160.33242187500002 m 188.234375 160.33242187500002 l s q 0 0 0 rg BT 122.00 161.60 Td (Bankruptcy ) Tj ET Q q 0 0 0 rg BT 168.23 161.60 Td (Code) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 188.23 161.60 Td ( ) Tj ET Q q 0 0 0 rg BT 190.46 161.60 Td (- ) Tj ET Q q 0 0 0 rg BT 195.34 161.60 Td (means ) Tj ET Q q 0 0 0 rg BT 221.58 161.60 Td (the ) Tj ET Q q 0 0 0 rg BT 234.92 161.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 252.70 161.60 Td (Bankruptcy ) Tj ET Q q 0 0 0 rg BT 294.95 161.60 Td (Code ) Tj ET Q q 0 0 0 rg BT 316.29 161.60 Td (as ) Tj ET Q q 0 0 0 rg BT 326.96 161.60 Td (now ) Tj ET Q q 0 0 0 rg BT 343.86 161.60 Td (enacted ) Tj ET Q q 0 0 0 rg BT 374.55 161.60 Td (or ) Tj ET Q q 0 0 0 rg BT 383.89 161.60 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 418.13 161.60 Td (amended.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 142.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 142.40 Td (1.4 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 141.13242187499998 m 157.5625 141.13242187499998 l s q 0 0 0 rg BT 122.00 142.40 Td (Borrower) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 157.56 142.40 Td ( ) Tj ET Q q 0 0 0 rg BT 159.79 142.40 Td (- ) Tj ET Q q 0 0 0 rg BT 164.67 142.40 Td (means ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 190.91 142.40 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 227.80 142.40 Td (& ) Tj ET Q q 0 0 0 rg BT 235.80 142.40 Td (Co., ) Tj ET Q q 0 0 0 rg BT 253.14 142.40 Td (Inc.,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 269.14 142.40 Td ( ) Tj ET Q q 0 0 0 rg BT 271.36 142.40 Td (a ) Tj ET Q q 0 0 0 rg BT 278.04 142.40 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 314.05 142.40 Td (corporation.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 123.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 123.20 Td (1.5 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 121.93242187500005 m 174.24609375 121.93242187500005 l s q 0 0 0 rg BT 122.00 123.20 Td (Business ) Tj ET Q q 0 0 0 rg BT 159.57 123.20 Td (Day) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 174.25 123.20 Td ( ) Tj ET Q q 0 0 0 rg BT 176.25 123.20 Td (- ) Tj ET Q q 0 0 0 rg BT 180.91 123.20 Td (means ) Tj ET Q q 0 0 0 rg BT 206.92 123.20 Td (any ) Tj ET Q q 0 0 0 rg BT 221.82 123.20 Td (day ) Tj ET Q q 0 0 0 rg BT 236.72 123.20 Td (other ) Tj ET Q q 0 0 0 rg BT 256.95 123.20 Td (than ) Tj ET Q q 0 0 0 rg BT 274.52 123.20 Td (a ) Tj ET Q q 0 0 0 rg BT 280.97 123.20 Td (day ) Tj ET Q q 0 0 0 rg BT 295.87 123.20 Td (on ) Tj ET Q q 0 0 0 rg BT 306.77 123.20 Td (which ) Tj ET Q q 0 0 0 rg BT 329.22 123.20 Td (commercial ) Tj ET Q q 0 0 0 rg BT 372.12 123.20 Td (banks ) Tj ET Q q 0 0 0 rg BT 395.46 123.20 Td (are ) Tj ET Q q 0 0 0 rg BT 409.03 123.20 Td (authorized ) Tj ET Q q 0 0 0 rg BT 448.39 123.20 Td (or ) Tj ET Q q 0 0 0 rg BT 457.50 123.20 Td (required ) Tj ET Q q 0 0 0 rg BT 488.85 123.20 Td (by ) Tj ET Q q 0 0 0 rg BT 499.30 123.20 Td (law ) Tj ET Q q 0 0 0 rg BT 513.30 123.20 Td (to ) Tj ET Q q 0 0 0 rg BT 521.98 123.20 Td (close ) Tj ET Q q 0 0 0 rg BT 542.65 123.20 Td (in ) Tj ET Q q 0 0 0 rg BT 550.88 123.20 Td (the ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 113.60 Td (State ) Tj ET Q q 0 0 0 rg BT 70.90 113.60 Td (of ) Tj ET Q q 0 0 0 rg BT 79.80 113.60 Td (California.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 94.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 94.40 Td (1.6 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 93.13242187499998 m 189.982421875 93.13242187499998 l s q 0 0 0 rg BT 122.00 94.40 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 169.98 94.40 Td (Code) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 189.98 94.40 Td ( ) Tj ET Q q 0 0 0 rg BT 192.17 94.40 Td (- ) Tj ET Q q 0 0 0 rg BT 197.02 94.40 Td (means ) Tj ET Q q 0 0 0 rg BT 223.21 94.40 Td (the ) Tj ET Q q 0 0 0 rg BT 236.52 94.40 Td (Uniform ) Tj ET Q q 0 0 0 rg BT 266.71 94.40 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 311.57 94.40 Td (Code, ) Tj ET Q q 0 0 0 rg BT 335.10 94.40 Td (as ) Tj ET Q q 0 0 0 rg BT 345.74 94.40 Td (now ) Tj ET Q q 0 0 0 rg BT 362.60 94.40 Td (enacted ) Tj ET Q q 0 0 0 rg BT 393.25 94.40 Td (or ) Tj ET Q q 0 0 0 rg BT 402.55 94.40 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 436.76 94.40 Td (amended, ) Tj ET Q q 0 0 0 rg BT 474.52 94.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 512.74 94.40 Td (in ) Tj ET Q q 0 0 0 rg BT 521.15 94.40 Td (the ) Tj ET Q q 0 0 0 rg BT 534.46 94.40 Td (State ) Tj ET Q q 0 0 0 rg BT 555.32 94.40 Td (of ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 84.80 Td (California.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 65.60 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 65.60 Td (1.7 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 64.33242187500002 m 147.77734375 64.33242187500002 l s q 0 0 0 rg BT 122.00 65.60 Td (Debtor) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 147.78 65.60 Td ( ) Tj ET Q q 0 0 0 rg BT 150.00 65.60 Td (- ) Tj ET Q q 0 0 0 rg BT 154.89 65.60 Td (means ) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 181.12 65.60 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 218.02 65.60 Td (& ) Tj ET Q q 0 0 0 rg BT 226.02 65.60 Td (Co., ) Tj ET Q q 0 0 0 rg BT 243.35 65.60 Td (LLC,) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 261.13 65.60 Td ( ) Tj ET Q q 0 0 0 rg BT 263.35 65.60 Td (a ) Tj ET Q q 0 0 0 rg BT 270.02 65.60 Td (New ) Tj ET Q q 0 0 0 rg BT 288.10 65.60 Td (Y) Tj ET Q q 0 0 0 rg BT 292.70 65.60 Td (ork ) Tj ET Q q 0 0 0 rg BT 306.04 65.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 331.38 65.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 357.61 65.60 Td (company) Tj ET Q q 0 0 0 rg BT 389.48 65.60 Td (.) Tj ET Q endstream endobj 199 0 obj <> endobj 200 0 obj <> stream BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 743.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 743.20 Td (1.8 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 741.932421875 m 180.9296875 741.932421875 l s q 0 0 0 rg BT 122.00 743.20 Td (Debtor's ) Tj ET Q q 0 0 0 rg BT 156.48 743.20 Td (Books) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 180.93 743.20 Td ( ) Tj ET Q q 0 0 0 rg BT 183.28 743.20 Td (- ) Tj ET Q q 0 0 0 rg BT 188.30 743.20 Td (means ) Tj ET Q q 0 0 0 rg BT 214.66 743.20 Td (all ) Tj ET Q q 0 0 0 rg BT 225.02 743.20 Td (of ) Tj ET Q q 0 0 0 rg BT 234.04 743.20 Td (Debtor's ) Tj ET Q q 0 0 0 rg BT 265.93 743.20 Td (books ) Tj ET Q q 0 0 0 rg BT 289.63 743.20 Td (and ) Tj ET Q q 0 0 0 rg BT 305.33 743.20 Td (records ) Tj ET Q q 0 0 0 rg BT 334.36 743.20 Td (including, ) Tj ET Q q 0 0 0 rg BT 370.51 743.20 Td (but ) Tj ET Q q 0 0 0 rg BT 383.98 743.20 Td (not ) Tj ET Q q 0 0 0 rg BT 397.45 743.20 Td (limited ) Tj ET Q q 0 0 0 rg BT 422.92 743.20 Td (to: ) Tj ET Q q 0 0 0 rg BT 434.17 743.20 Td ( ) Tj ET Q q 0 0 0 rg BT 436.52 743.20 Td (minute ) Tj ET Q q 0 0 0 rg BT 462.88 743.20 Td (books; ) Tj ET Q q 0 0 0 rg BT 488.80 743.20 Td (ledgers, ) Tj ET Q q 0 0 0 rg BT 519.62 743.20 Td (and ) Tj ET Q q 0 0 0 rg BT 535.32 743.20 Td (records ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 733.60 Td (indicating, ) Tj ET Q q 0 0 0 rg BT 87.90 733.60 Td (summarizing ) Tj ET Q q 0 0 0 rg BT 135.12 733.60 Td (or ) Tj ET Q q 0 0 0 rg BT 144.11 733.60 Td (evidencing ) Tj ET Q q 0 0 0 rg BT 184.24 733.60 Td (Debtor's ) Tj ET Q q 0 0 0 rg BT 215.65 733.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 242.87 733.60 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 277.21 733.60 Td (the ) Tj ET Q q 0 0 0 rg BT 290.20 733.60 Td (Collateral, ) Tj ET Q q 0 0 0 rg BT 328.10 733.60 Td (any ) Tj ET Q q 0 0 0 rg BT 342.87 733.60 Td (of ) Tj ET Q q 0 0 0 rg BT 351.42 733.60 Td (the ) Tj ET Q q 0 0 0 rg BT 364.42 733.60 Td (Secured ) Tj ET Q q 0 0 0 rg BT 396.09 733.60 Td (Obligations, ) Tj ET Q q 0 0 0 rg BT 440.21 733.60 Td (and ) Tj ET Q q 0 0 0 rg BT 455.44 733.60 Td (all ) Tj ET Q q 0 0 0 rg BT 465.32 733.60 Td (information ) Tj ET Q q 0 0 0 rg BT 506.77 733.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 534.88 733.60 Td (thereto; ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 724.00 Td (records ) Tj ET Q q 0 0 0 rg BT 79.19 724.00 Td (indicating, ) Tj ET Q q 0 0 0 rg BT 117.74 724.00 Td (summarizing ) Tj ET Q q 0 0 0 rg BT 165.60 724.00 Td (or ) Tj ET Q q 0 0 0 rg BT 175.23 724.00 Td (evidencing ) Tj ET Q q 0 0 0 rg BT 216.00 724.00 Td (Debtor's ) Tj ET Q q 0 0 0 rg BT 248.06 724.00 Td (business ) Tj ET Q q 0 0 0 rg BT 282.15 724.00 Td (operations ) Tj ET Q q 0 0 0 rg BT 322.03 724.00 Td (or ) Tj ET Q q 0 0 0 rg BT 331.66 724.00 Td (financial ) Tj ET Q q 0 0 0 rg BT 363.53 724.00 Td (condition; ) Tj ET Q q 0 0 0 rg BT 400.30 724.00 Td (and ) Tj ET Q q 0 0 0 rg BT 416.17 724.00 Td (all ) Tj ET Q q 0 0 0 rg BT 426.69 724.00 Td (computer ) Tj ET Q q 0 0 0 rg BT 462.56 724.00 Td (programs, ) Tj ET Q q 0 0 0 rg BT 501.09 724.00 Td (disc ) Tj ET Q q 0 0 0 rg BT 517.83 724.00 Td (or ) Tj ET Q q 0 0 0 rg BT 527.46 724.00 Td (tape ) Tj ET Q q 0 0 0 rg BT 545.55 724.00 Td (files, ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 714.40 Td (printouts, ) Tj ET Q q 0 0 0 rg BT 85.13 714.40 Td (runs, ) Tj ET Q q 0 0 0 rg BT 105.14 714.40 Td (and ) Tj ET Q q 0 0 0 rg BT 120.71 714.40 Td (other ) Tj ET Q q 0 0 0 rg BT 141.16 714.40 Td (computer ) Tj ET Q q 0 0 0 rg BT 176.73 714.40 Td (prepared ) Tj ET Q q 0 0 0 rg BT 210.98 714.40 Td (information ) Tj ET Q q 0 0 0 rg BT 252.78 714.40 Td (and ) Tj ET Q q 0 0 0 rg BT 268.35 714.40 Td (the ) Tj ET Q q 0 0 0 rg BT 281.69 714.40 Td (equipment ) Tj ET Q q 0 0 0 rg BT 321.27 714.40 Td (containing ) Tj ET Q q 0 0 0 rg BT 359.97 714.40 Td (such ) Tj ET Q q 0 0 0 rg BT 379.09 714.40 Td (information.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 695.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 695.20 Td (1.9 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 693.932421875 m 148.66796875 693.932421875 l s q 0 0 0 rg BT 122.00 695.20 Td (Exhibit) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 148.67 695.20 Td ( ) Tj ET Q q 0 0 0 rg BT 150.89 695.20 Td (- ) Tj ET Q q 0 0 0 rg BT 155.78 695.20 Td (means ) Tj ET Q q 0 0 0 rg BT 182.01 695.20 Td (any ) Tj ET Q q 0 0 0 rg BT 197.13 695.20 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 223.37 695.20 Td (attached ) Tj ET Q q 0 0 0 rg BT 256.28 695.20 Td (hereto ) Tj ET Q q 0 0 0 rg BT 281.19 695.20 Td (and ) Tj ET Q q 0 0 0 rg BT 296.76 695.20 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 343.45 695.20 Td (herein.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 676.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 676.00 Td (1.10 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 674.732421875 m 219.78271484375 674.732421875 l s q 0 0 0 rg BT 122.00 676.00 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 177.56 676.00 Td (Authorities) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 219.78 676.00 Td ( ) Tj ET Q q 0 0 0 rg BT 221.82 676.00 Td (- ) Tj ET Q q 0 0 0 rg BT 226.52 676.00 Td (means: ) Tj ET Q q 0 0 0 rg BT 254.80 676.00 Td ( ) Tj ET Q q 0 0 0 rg BT 256.84 676.00 Td (\(i\)the ) Tj ET Q q 0 0 0 rg BT 279.33 676.00 Td (United ) Tj ET Q q 0 0 0 rg BT 304.49 676.00 Td (States; ) Tj ET Q q 0 0 0 rg BT 331.43 676.00 Td (\(ii\)the ) Tj ET Q q 0 0 0 rg BT 355.70 676.00 Td (state, ) Tj ET Q q 0 0 0 rg BT 377.30 676.00 Td (county) Tj ET Q q 0 0 0 rg BT 400.28 676.00 Td (, ) Tj ET Q q 0 0 0 rg BT 404.54 676.00 Td (city ) Tj ET Q q 0 0 0 rg BT 418.58 676.00 Td (or ) Tj ET Q q 0 0 0 rg BT 427.73 676.00 Td (other ) Tj ET Q q 0 0 0 rg BT 448.01 676.00 Td (political ) Tj ET Q q 0 0 0 rg BT 476.72 676.00 Td (subdivision ) Tj ET Q q 0 0 0 rg BT 518.34 676.00 Td (in ) Tj ET Q q 0 0 0 rg BT 526.61 676.00 Td (which ) Tj ET Q q 0 0 0 rg BT 549.10 676.00 Td (any ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 666.40 Td (of ) Tj ET Q q 0 0 0 rg BT 59.03 666.40 Td (the ) Tj ET Q q 0 0 0 rg BT 72.50 666.40 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 108.65 666.40 Td (is ) Tj ET Q q 0 0 0 rg BT 116.78 666.40 Td (located; ) Tj ET Q q 0 0 0 rg BT 147.15 666.40 Td (\(iii\)all ) Tj ET Q q 0 0 0 rg BT 170.39 666.40 Td (other ) Tj ET Q q 0 0 0 rg BT 190.98 666.40 Td (governmental ) Tj ET Q q 0 0 0 rg BT 241.81 666.40 Td (or ) Tj ET Q q 0 0 0 rg BT 251.28 666.40 Td (quasi-governmental ) Tj ET Q q 0 0 0 rg BT 323.89 666.40 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 365.38 666.40 Td (boards, ) Tj ET Q q 0 0 0 rg BT 394.42 666.40 Td (bureaus, ) Tj ET Q q 0 0 0 rg BT 427.90 666.40 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 464.50 666.40 Td (commissions, ) Tj ET Q q 0 0 0 rg BT 515.31 666.40 Td (departments, ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 656.80 Td (administrative ) Tj ET Q q 0 0 0 rg BT 102.17 656.80 Td (tribunals, ) Tj ET Q q 0 0 0 rg BT 137.45 656.80 Td (instrumentalities ) Tj ET Q q 0 0 0 rg BT 198.07 656.80 Td (and ) Tj ET Q q 0 0 0 rg BT 214.23 656.80 Td (authorities; ) Tj ET Q q 0 0 0 rg BT 256.19 656.80 Td (and ) Tj ET Q q 0 0 0 rg BT 272.35 656.80 Td (\(iv\)all ) Tj ET Q q 0 0 0 rg BT 296.50 656.80 Td (judicial ) Tj ET Q q 0 0 0 rg BT 323.78 656.80 Td (authorities ) Tj ET Q q 0 0 0 rg BT 363.51 656.80 Td (and ) Tj ET Q q 0 0 0 rg BT 379.67 656.80 Td (public ) Tj ET Q q 0 0 0 rg BT 403.39 656.80 Td (utilities ) Tj ET Q q 0 0 0 rg BT 430.66 656.80 Td (having ) Tj ET Q q 0 0 0 rg BT 457.06 656.80 Td (or ) Tj ET Q q 0 0 0 rg BT 466.99 656.80 Td (exercising ) Tj ET Q q 0 0 0 rg BT 505.82 656.80 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 546.43 656.80 Td (over ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 647.20 Td (Borrower) Tj ET Q q 0 0 0 rg BT 82.01 647.20 Td (, ) Tj ET Q q 0 0 0 rg BT 86.46 647.20 Td (Debtor) Tj ET Q q 0 0 0 rg BT 110.03 647.20 Td (, ) Tj ET Q q 0 0 0 rg BT 114.47 647.20 Td (any ) Tj ET Q q 0 0 0 rg BT 129.59 647.20 Td (Guarantor ) Tj ET Q q 0 0 0 rg BT 167.84 647.20 Td (or ) Tj ET Q q 0 0 0 rg BT 177.17 647.20 Td (the ) Tj ET Q q 0 0 0 rg BT 190.52 647.20 Td (Collateral. ) Tj ET Q q 0 0 0 rg BT 228.75 647.20 Td ( ) Tj ET Q q 0 0 0 rg BT 230.83 647.20 Td (The ) Tj ET Q q 0 0 0 rg BT 246.84 647.20 Td (term ) Tj ET Q q 0 0 0 rg BT 265.06 647.20 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 319.75 647.20 Td (Authority ) Tj ET Q q 0 0 0 rg BT 356.21 647.20 Td (means ) Tj ET Q q 0 0 0 rg BT 382.45 647.20 Td (any ) Tj ET Q q 0 0 0 rg BT 397.57 647.20 Td (one ) Tj ET Q q 0 0 0 rg BT 413.14 647.20 Td (of ) Tj ET Q q 0 0 0 rg BT 422.03 647.20 Td (the ) Tj ET Q q 0 0 0 rg BT 435.38 647.20 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 487.40 647.20 Td (Authorities.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 628.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 628.00 Td (1.1) Tj ET Q q 0 0 0 rg BT 96.53 628.00 Td (1 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 626.732421875 m 209.57275390625 626.732421875 l s q 0 0 0 rg BT 122.00 628.00 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 180.23 628.00 Td (Permits) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 209.57 628.00 Td ( ) Tj ET Q q 0 0 0 rg BT 214.00 628.00 Td (- ) Tj ET Q q 0 0 0 rg BT 221.10 628.00 Td (means ) Tj ET Q q 0 0 0 rg BT 249.54 628.00 Td (all ) Tj ET Q q 0 0 0 rg BT 261.98 628.00 Td (permits, ) Tj ET Q q 0 0 0 rg BT 294.86 628.00 Td (approvals, ) Tj ET Q q 0 0 0 rg BT 336.20 628.00 Td (licenses ) Tj ET Q q 0 0 0 rg BT 369.54 628.00 Td (and ) Tj ET Q q 0 0 0 rg BT 387.32 628.00 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 441.56 628.00 Td (now ) Tj ET Q q 0 0 0 rg BT 460.67 628.00 Td (or ) Tj ET Q q 0 0 0 rg BT 472.21 628.00 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 508.66 628.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 536.22 628.00 Td (by ) Tj ET Q q 0 0 0 rg BT 549.10 628.00 Td (any ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 618.40 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 101.82 618.40 Td (Authorities ) Tj ET Q q 0 0 0 rg BT 141.58 618.40 Td (for ) Tj ET Q q 0 0 0 rg BT 152.88 618.40 Td (or ) Tj ET Q q 0 0 0 rg BT 161.95 618.40 Td (in ) Tj ET Q q 0 0 0 rg BT 170.14 618.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 210.80 618.40 Td (with ) Tj ET Q q 0 0 0 rg BT 226.99 618.40 Td (the ) Tj ET Q q 0 0 0 rg BT 240.07 618.40 Td (conduct ) Tj ET Q q 0 0 0 rg BT 270.05 618.40 Td (of ) Tj ET Q q 0 0 0 rg BT 278.69 618.40 Td (Debtor) Tj ET Q q 0 0 0 rg BT 303.00 618.40 Td () Tj ET Q q 0 0 0 rg BT 304.63 618.40 Td (s ) Tj ET Q q 0 0 0 rg BT 310.59 618.40 Td (business ) Tj ET Q q 0 0 0 rg BT 344.13 618.40 Td (or ) Tj ET Q q 0 0 0 rg BT 353.20 618.40 Td (the ) Tj ET Q q 0 0 0 rg BT 366.29 618.40 Td (ownership ) Tj ET Q q 0 0 0 rg BT 404.71 618.40 Td (or ) Tj ET Q q 0 0 0 rg BT 413.79 618.40 Td (use ) Tj ET Q q 0 0 0 rg BT 428.65 618.40 Td (by ) Tj ET Q q 0 0 0 rg BT 439.06 618.40 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 465.04 618.40 Td (of ) Tj ET Q q 0 0 0 rg BT 473.67 618.40 Td (the ) Tj ET Q q 0 0 0 rg BT 486.75 618.40 Td (Collateral, ) Tj ET Q q 0 0 0 rg BT 524.73 618.40 Td (or ) Tj ET Q q 0 0 0 rg BT 533.81 618.40 Td (its ) Tj ET Q q 0 0 0 rg BT 543.77 618.40 Td (other ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 608.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 75.34 608.80 Td (or ) Tj ET Q q 0 0 0 rg BT 84.68 608.80 Td (its ) Tj ET Q q 0 0 0 rg BT 94.90 608.80 Td (properties.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 589.60 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 589.60 Td (1.12 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 588.332421875 m 231.380859375 588.332421875 l s q 0 0 0 rg BT 122.00 589.60 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 178.03 589.60 Td (Requirements) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 231.38 589.60 Td ( ) Tj ET Q q 0 0 0 rg BT 233.62 589.60 Td (- ) Tj ET Q q 0 0 0 rg BT 238.53 589.60 Td (means ) Tj ET Q q 0 0 0 rg BT 264.78 589.60 Td (all ) Tj ET Q q 0 0 0 rg BT 275.02 589.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 304.39 589.60 Td (and ) Tj ET Q q 0 0 0 rg BT 319.97 589.60 Td (future ) Tj ET Q q 0 0 0 rg BT 342.67 589.60 Td (laws, ) Tj ET Q q 0 0 0 rg BT 363.14 589.60 Td (ordinances, ) Tj ET Q q 0 0 0 rg BT 406.74 589.60 Td (rules, ) Tj ET Q q 0 0 0 rg BT 428.54 589.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 472.14 589.60 Td (orders ) Tj ET Q q 0 0 0 rg BT 497.06 589.60 Td (or ) Tj ET Q q 0 0 0 rg BT 506.41 589.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 555.34 589.60 Td (of ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 580.00 Td (all ) Tj ET Q q 0 0 0 rg BT 60.23 580.00 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 112.25 580.00 Td (Authorities ) Tj ET Q q 0 0 0 rg BT 152.27 580.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 190.52 580.00 Td (to ) Tj ET Q q 0 0 0 rg BT 199.42 580.00 Td (Debtor) Tj ET Q q 0 0 0 rg BT 222.99 580.00 Td (, ) Tj ET Q q 0 0 0 rg BT 227.43 580.00 Td (any ) Tj ET Q q 0 0 0 rg BT 242.55 580.00 Td (Guarantor) Tj ET Q q 0 0 0 rg BT 278.13 580.00 Td (, ) Tj ET Q q 0 0 0 rg BT 282.58 580.00 Td (the ) Tj ET Q q 0 0 0 rg BT 295.92 580.00 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 331.94 580.00 Td (or ) Tj ET Q q 0 0 0 rg BT 341.27 580.00 Td (any ) Tj ET Q q 0 0 0 rg BT 356.39 580.00 Td (of ) Tj ET Q q 0 0 0 rg BT 365.29 580.00 Td (Debtor's ) Tj ET Q q 0 0 0 rg BT 397.05 580.00 Td (or ) Tj ET Q q 0 0 0 rg BT 406.39 580.00 Td (any ) Tj ET Q q 0 0 0 rg BT 421.51 580.00 Td (Guarantor's ) Tj ET Q q 0 0 0 rg BT 465.28 580.00 Td (other ) Tj ET Q q 0 0 0 rg BT 485.73 580.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 511.08 580.00 Td (or ) Tj ET Q q 0 0 0 rg BT 520.41 580.00 Td (properties.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 560.80 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 560.80 Td (1.13 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 559.532421875 m 160.671875 559.532421875 l s q 0 0 0 rg BT 122.00 560.80 Td (Guarantor) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 160.67 560.80 Td ( ) Tj ET Q q 0 0 0 rg BT 162.36 560.80 Td (- ) Tj ET Q q 0 0 0 rg BT 166.71 560.80 Td (means, ) Tj ET Q q 0 0 0 rg BT 194.64 560.80 Td (collectively) Tj ET Q q 0 0 0 rg BT 232.72 560.80 Td (, ) Tj ET Q q 0 0 0 rg BT 236.63 560.80 Td (the ) Tj ET Q q 0 0 0 rg BT 249.44 560.80 Td (Person ) Tj ET Q q 0 0 0 rg BT 276.48 560.80 Td (or ) Tj ET Q q 0 0 0 rg BT 285.28 560.80 Td (Persons, ) Tj ET Q q 0 0 0 rg BT 318.54 560.80 Td (if ) Tj ET Q q 0 0 0 rg BT 324.23 560.80 Td (any) Tj ET Q q 0 0 0 rg BT 336.53 560.80 Td (, ) Tj ET Q q 0 0 0 rg BT 340.44 560.80 Td (now ) Tj ET Q q 0 0 0 rg BT 356.81 560.80 Td (or ) Tj ET Q q 0 0 0 rg BT 365.61 560.80 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 399.32 560.80 Td (guaranteeing ) Tj ET Q q 0 0 0 rg BT 447.71 560.80 Td (payment ) Tj ET Q q 0 0 0 rg BT 480.08 560.80 Td (of ) Tj ET Q q 0 0 0 rg BT 488.45 560.80 Td (the ) Tj ET Q q 0 0 0 rg BT 501.25 560.80 Td (credit ) Tj ET Q q 0 0 0 rg BT 522.51 560.80 Td (or ) Tj ET Q q 0 0 0 rg BT 531.31 560.80 Td (payment ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 551.20 Td (or ) Tj ET Q q 0 0 0 rg BT 59.34 551.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 106.47 551.20 Td (of ) Tj ET Q q 0 0 0 rg BT 115.36 551.20 Td (the ) Tj ET Q q 0 0 0 rg BT 128.71 551.20 Td (Secured ) Tj ET Q q 0 0 0 rg BT 160.73 551.20 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 202.97 551.20 Td (\(or ) Tj ET Q q 0 0 0 rg BT 214.97 551.20 Td (pledging ) Tj ET Q q 0 0 0 rg BT 247.45 551.20 Td (collateral ) Tj ET Q q 0 0 0 rg BT 281.68 551.20 Td (therefor\).) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 532.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 532.00 Td (1.14 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 530.732421875 m 157.12109375 530.732421875 l s q 0 0 0 rg BT 122.00 532.00 Td (Guaranty) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 157.12 532.00 Td ( ) Tj ET Q q 0 0 0 rg BT 158.97 532.00 Td (- ) Tj ET Q q 0 0 0 rg BT 163.48 532.00 Td (means ) Tj ET Q q 0 0 0 rg BT 189.34 532.00 Td (every ) Tj ET Q q 0 0 0 rg BT 210.75 532.00 Td (guaranty ) Tj ET Q q 0 0 0 rg BT 243.73 532.00 Td (agreement ) Tj ET Q q 0 0 0 rg BT 283.82 532.00 Td (of ) Tj ET Q q 0 0 0 rg BT 292.34 532.00 Td (any ) Tj ET Q q 0 0 0 rg BT 307.09 532.00 Td (kind ) Tj ET Q q 0 0 0 rg BT 323.61 532.00 Td (\(including ) Tj ET Q q 0 0 0 rg BT 359.70 532.00 Td (third-party ) Tj ET Q q 0 0 0 rg BT 397.56 532.00 Td (pledge ) Tj ET Q q 0 0 0 rg BT 423.43 532.00 Td (agreements\) ) Tj ET Q q 0 0 0 rg BT 470.19 532.00 Td (now ) Tj ET Q q 0 0 0 rg BT 486.71 532.00 Td (or ) Tj ET Q q 0 0 0 rg BT 495.67 532.00 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 529.54 532.00 Td (executed ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 522.40 Td (by ) Tj ET Q q 0 0 0 rg BT 60.67 522.40 Td (any ) Tj ET Q q 0 0 0 rg BT 75.79 522.40 Td (Guarantor) Tj ET Q q 0 0 0 rg BT 111.37 522.40 Td (, ) Tj ET Q q 0 0 0 rg BT 115.82 522.40 Td (and ) Tj ET Q q 0 0 0 rg BT 131.39 522.40 Td (all ) Tj ET Q q 0 0 0 rg BT 141.61 522.40 Td (extensions, ) Tj ET Q q 0 0 0 rg BT 184.30 522.40 Td (renewals, ) Tj ET Q q 0 0 0 rg BT 220.77 522.40 Td (modifications ) Tj ET Q q 0 0 0 rg BT 269.68 522.40 Td (and ) Tj ET Q q 0 0 0 rg BT 285.25 522.40 Td (replacement ) Tj ET Q q 0 0 0 rg BT 331.49 522.40 Td (thereof.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 503.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 503.20 Td (1.15 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 501.932421875 m 208.97900390625 501.932421875 l s q 0 0 0 rg BT 122.00 503.20 Td (Insolvency ) Tj ET Q q 0 0 0 rg BT 165.41 503.20 Td (Proceeding) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 208.98 503.20 Td ( ) Tj ET Q q 0 0 0 rg BT 211.04 503.20 Td (- ) Tj ET Q q 0 0 0 rg BT 215.77 503.20 Td (means ) Tj ET Q q 0 0 0 rg BT 241.84 503.20 Td (any ) Tj ET Q q 0 0 0 rg BT 256.80 503.20 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 298.44 503.20 Td (commenced ) Tj ET Q q 0 0 0 rg BT 344.08 503.20 Td (by ) Tj ET Q q 0 0 0 rg BT 354.59 503.20 Td (or ) Tj ET Q q 0 0 0 rg BT 363.76 503.20 Td (against ) Tj ET Q q 0 0 0 rg BT 391.62 503.20 Td (any ) Tj ET Q q 0 0 0 rg BT 406.58 503.20 Td (person ) Tj ET Q q 0 0 0 rg BT 433.10 503.20 Td (or ) Tj ET Q q 0 0 0 rg BT 442.28 503.20 Td (entity) Tj ET Q q 0 0 0 rg BT 460.81 503.20 Td (, ) Tj ET Q q 0 0 0 rg BT 465.09 503.20 Td (including ) Tj ET Q q 0 0 0 rg BT 498.73 503.20 Td (Debtor) Tj ET Q q 0 0 0 rg BT 522.30 503.20 Td (, ) Tj ET Q q 0 0 0 rg BT 526.58 503.20 Td (under ) Tj ET Q q 0 0 0 rg BT 549.10 503.20 Td (any ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 493.60 Td (provision ) Tj ET Q q 0 0 0 rg BT 85.20 493.60 Td (of ) Tj ET Q q 0 0 0 rg BT 95.05 493.60 Td (the ) Tj ET Q q 0 0 0 rg BT 109.36 493.60 Td (United ) Tj ET Q q 0 0 0 rg BT 135.67 493.60 Td (States ) Tj ET Q q 0 0 0 rg BT 161.53 493.60 Td (Bankruptcy ) Tj ET Q q 0 0 0 rg BT 204.73 493.60 Td (Code, ) Tj ET Q q 0 0 0 rg BT 229.26 493.60 Td (as ) Tj ET Q q 0 0 0 rg BT 240.89 493.60 Td (amended, ) Tj ET Q q 0 0 0 rg BT 279.66 493.60 Td (or ) Tj ET Q q 0 0 0 rg BT 289.96 493.60 Td (under ) Tj ET Q q 0 0 0 rg BT 313.60 493.60 Td (any ) Tj ET Q q 0 0 0 rg BT 329.68 493.60 Td (other ) Tj ET Q q 0 0 0 rg BT 351.10 493.60 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 393.42 493.60 Td (or ) Tj ET Q q 0 0 0 rg BT 403.71 493.60 Td (insolvency ) Tj ET Q q 0 0 0 rg BT 444.25 493.60 Td (law) Tj ET Q q 0 0 0 rg BT 455.81 493.60 Td (, ) Tj ET Q q 0 0 0 rg BT 461.21 493.60 Td (including, ) Tj ET Q q 0 0 0 rg BT 498.20 493.60 Td (but ) Tj ET Q q 0 0 0 rg BT 512.50 493.60 Td (not ) Tj ET Q q 0 0 0 rg BT 526.81 493.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 553.11 493.60 Td (to, ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 484.00 Td (assignments ) Tj ET Q q 0 0 0 rg BT 97.13 484.00 Td (for ) Tj ET Q q 0 0 0 rg BT 108.69 484.00 Td (the ) Tj ET Q q 0 0 0 rg BT 122.04 484.00 Td (benefit ) Tj ET Q q 0 0 0 rg BT 148.28 484.00 Td (of ) Tj ET Q q 0 0 0 rg BT 157.17 484.00 Td (creditors, ) Tj ET Q q 0 0 0 rg BT 192.29 484.00 Td (formal ) Tj ET Q q 0 0 0 rg BT 216.74 484.00 Td (or ) Tj ET Q q 0 0 0 rg BT 226.08 484.00 Td (informal ) Tj ET Q q 0 0 0 rg BT 256.75 484.00 Td (moratoriums, ) Tj ET Q q 0 0 0 rg BT 305.65 484.00 Td (compositions ) Tj ET Q q 0 0 0 rg BT 354.56 484.00 Td (or ) Tj ET Q q 0 0 0 rg BT 363.90 484.00 Td (extensions ) Tj ET Q q 0 0 0 rg BT 404.37 484.00 Td (with ) Tj ET Q q 0 0 0 rg BT 420.82 484.00 Td (some ) Tj ET Q q 0 0 0 rg BT 442.60 484.00 Td (or ) Tj ET Q q 0 0 0 rg BT 451.94 484.00 Td (all ) Tj ET Q q 0 0 0 rg BT 462.16 484.00 Td (creditors.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 464.80 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 464.80 Td (1.16 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 463.532421875 m 227.45947265625 463.532421875 l s q 0 0 0 rg BT 122.00 464.80 Td (Judicial ) Tj ET Q q 0 0 0 rg BT 153.99 464.80 Td (Officer ) Tj ET Q q 0 0 0 rg BT 181.98 464.80 Td (or ) Tj ET Q q 0 0 0 rg BT 191.89 464.80 Td (Assignee) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 227.46 464.80 Td ( ) Tj ET Q q 0 0 0 rg BT 229.66 464.80 Td (- ) Tj ET Q q 0 0 0 rg BT 234.53 464.80 Td (means ) Tj ET Q q 0 0 0 rg BT 260.74 464.80 Td (any ) Tj ET Q q 0 0 0 rg BT 275.85 464.80 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 304.73 464.80 Td (receiver) Tj ET Q q 0 0 0 rg BT 332.74 464.80 Td (, ) Tj ET Q q 0 0 0 rg BT 337.17 464.80 Td (controller) Tj ET Q q 0 0 0 rg BT 369.63 464.80 Td (, ) Tj ET Q q 0 0 0 rg BT 374.05 464.80 Td (custodian, ) Tj ET Q q 0 0 0 rg BT 412.73 464.80 Td (assignee ) Tj ET Q q 0 0 0 rg BT 446.95 464.80 Td (for ) Tj ET Q q 0 0 0 rg BT 458.49 464.80 Td (the ) Tj ET Q q 0 0 0 rg BT 471.81 464.80 Td (benefit ) Tj ET Q q 0 0 0 rg BT 498.04 464.80 Td (of ) Tj ET Q q 0 0 0 rg BT 506.91 464.80 Td (creditors ) Tj ET Q q 0 0 0 rg BT 539.79 464.80 Td (or ) Tj ET Q q 0 0 0 rg BT 549.11 464.80 Td (any ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 455.20 Td (other ) Tj ET Q q 0 0 0 rg BT 70.57 455.20 Td (person ) Tj ET Q q 0 0 0 rg BT 97.37 455.20 Td (or ) Tj ET Q q 0 0 0 rg BT 106.82 455.20 Td (entity ) Tj ET Q q 0 0 0 rg BT 128.28 455.20 Td (having ) Tj ET Q q 0 0 0 rg BT 154.19 455.20 Td (powers ) Tj ET Q q 0 0 0 rg BT 182.31 455.20 Td (or ) Tj ET Q q 0 0 0 rg BT 191.76 455.20 Td (duties ) Tj ET Q q 0 0 0 rg BT 215.45 455.20 Td (like ) Tj ET Q q 0 0 0 rg BT 229.79 455.20 Td (or ) Tj ET Q q 0 0 0 rg BT 239.24 455.20 Td (similar ) Tj ET Q q 0 0 0 rg BT 264.68 455.20 Td (to ) Tj ET Q q 0 0 0 rg BT 273.69 455.20 Td (the ) Tj ET Q q 0 0 0 rg BT 287.15 455.20 Td (powers ) Tj ET Q q 0 0 0 rg BT 315.27 455.20 Td (and ) Tj ET Q q 0 0 0 rg BT 330.96 455.20 Td (duties ) Tj ET Q q 0 0 0 rg BT 354.64 455.20 Td (of ) Tj ET Q q 0 0 0 rg BT 363.65 455.20 Td (a ) Tj ET Q q 0 0 0 rg BT 370.43 455.20 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 399.45 455.20 Td (receiver) Tj ET Q q 0 0 0 rg BT 427.46 455.20 Td (, ) Tj ET Q q 0 0 0 rg BT 432.02 455.20 Td (controller) Tj ET Q q 0 0 0 rg BT 464.48 455.20 Td (, ) Tj ET Q q 0 0 0 rg BT 469.04 455.20 Td (or ) Tj ET Q q 0 0 0 rg BT 478.49 455.20 Td (assignee ) Tj ET Q q 0 0 0 rg BT 512.85 455.20 Td (for ) Tj ET Q q 0 0 0 rg BT 524.52 455.20 Td (the ) Tj ET Q q 0 0 0 rg BT 537.98 455.20 Td (benefit ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 445.60 Td (of ) Tj ET Q q 0 0 0 rg BT 58.89 445.60 Td (creditors.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 426.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 426.40 Td (1.17 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 425.132421875 m 148.671875 425.132421875 l s q 0 0 0 rg BT 122.00 426.40 Td (Lender) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 148.67 426.40 Td ( ) Tj ET Q q 0 0 0 rg BT 150.89 426.40 Td (- ) Tj ET Q q 0 0 0 rg BT 155.78 426.40 Td (means) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 179.79 426.40 Td ( ) Tj ET Q q 0 0 0 rg BT 182.02 426.40 Td (FIRST ) Tj ET Q q 0 0 0 rg BT 207.35 426.40 Td (REPUBLIC ) Tj ET Q q 0 0 0 rg BT 250.46 426.40 Td (BANK) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 273.57 426.40 Td (.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 407.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 407.20 Td (1.18 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 405.932421875 m 188.48779296875 405.932421875 l s q 0 0 0 rg BT 122.00 407.20 Td (Lender ) Tj ET Q q 0 0 0 rg BT 151.13 407.20 Td (Expenses) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 188.49 407.20 Td ( ) Tj ET Q q 0 0 0 rg BT 190.95 407.20 Td (- ) Tj ET Q q 0 0 0 rg BT 196.07 407.20 Td (means ) Tj ET Q q 0 0 0 rg BT 222.54 407.20 Td (all ) Tj ET Q q 0 0 0 rg BT 233.01 407.20 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 275.06 407.20 Td (costs ) Tj ET Q q 0 0 0 rg BT 296.19 407.20 Td (and ) Tj ET Q q 0 0 0 rg BT 312.00 407.20 Td (expenses ) Tj ET Q q 0 0 0 rg BT 348.70 407.20 Td (incurred ) Tj ET Q q 0 0 0 rg BT 380.07 407.20 Td (by ) Tj ET Q q 0 0 0 rg BT 390.98 407.20 Td (Lender ) Tj ET Q q 0 0 0 rg BT 418.35 407.20 Td (in ) Tj ET Q q 0 0 0 rg BT 427.03 407.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 468.19 407.20 Td (with: ) Tj ET Q q 0 0 0 rg BT 487.10 407.20 Td ( ) Tj ET Q q 0 0 0 rg BT 489.56 407.20 Td (\(i\)this ) Tj ET Q q 0 0 0 rg BT 513.31 407.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 554.90 407.20 Td (or ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 397.60 Td (other ) Tj ET Q q 0 0 0 rg BT 70.91 397.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 91.38 397.60 Td (Document; ) Tj ET Q q 0 0 0 rg BT 132.74 397.60 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 144.30 397.60 Td (the ) Tj ET Q q 0 0 0 rg BT 158.10 397.60 Td (transactions ) Tj ET Q q 0 0 0 rg BT 203.91 397.60 Td (contemplated ) Tj ET Q q 0 0 0 rg BT 254.62 397.60 Td (hereby ) Tj ET Q q 0 0 0 rg BT 281.75 397.60 Td (or ) Tj ET Q q 0 0 0 rg BT 291.54 397.60 Td (thereby; ) Tj ET Q q 0 0 0 rg BT 323.13 397.60 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 336.46 397.60 Td (the ) Tj ET Q q 0 0 0 rg BT 350.26 397.60 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 397.40 397.60 Td (of ) Tj ET Q q 0 0 0 rg BT 406.75 397.60 Td (any ) Tj ET Q q 0 0 0 rg BT 422.33 397.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 444.57 397.60 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 483.72 397.60 Td (or ) Tj ET Q q 0 0 0 rg BT 493.50 397.60 Td (thereunder; ) Tj ET Q q 0 0 0 rg BT 537.10 397.60 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 550.88 397.60 Td (the ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 388.00 Td (recordation ) Tj ET Q q 0 0 0 rg BT 91.91 388.00 Td (or ) Tj ET Q q 0 0 0 rg BT 100.92 388.00 Td (filing ) Tj ET Q q 0 0 0 rg BT 119.26 388.00 Td (of ) Tj ET Q q 0 0 0 rg BT 127.82 388.00 Td (any ) Tj ET Q q 0 0 0 rg BT 142.61 388.00 Td (documents; ) Tj ET Q q 0 0 0 rg BT 185.86 388.00 Td (\(v\)Lender) Tj ET Q q 0 0 0 rg BT 222.62 388.00 Td () Tj ET Q q 0 0 0 rg BT 224.25 388.00 Td (s ) Tj ET Q q 0 0 0 rg BT 229.77 388.00 Td (Attorneys) Tj ET Q q 0 0 0 rg BT 265.04 388.00 Td ( ) Tj ET Q q 0 0 0 rg BT 266.93 388.00 Td (Fees; ) Tj ET Q q 0 0 0 rg BT 288.83 388.00 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 301.82 388.00 Td (the ) Tj ET Q q 0 0 0 rg BT 314.84 388.00 Td (creation, ) Tj ET Q q 0 0 0 rg BT 347.41 388.00 Td (perfection ) Tj ET Q q 0 0 0 rg BT 384.43 388.00 Td (or ) Tj ET Q q 0 0 0 rg BT 393.44 388.00 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 439.80 388.00 Td (and ) Tj ET Q q 0 0 0 rg BT 455.03 388.00 Td (defense ) Tj ET Q q 0 0 0 rg BT 485.39 388.00 Td (of ) Tj ET Q q 0 0 0 rg BT 493.96 388.00 Td (the ) Tj ET Q q 0 0 0 rg BT 506.97 388.00 Td (lien ) Tj ET Q q 0 0 0 rg BT 521.31 388.00 Td (on ) Tj ET Q q 0 0 0 rg BT 532.10 388.00 Td (any ) Tj ET Q q 0 0 0 rg BT 546.89 388.00 Td (item ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 378.40 Td (of ) Tj ET Q q 0 0 0 rg BT 58.89 378.40 Td (Collateral; ) Tj ET Q q 0 0 0 rg BT 97.13 378.40 Td (and ) Tj ET Q q 0 0 0 rg BT 112.70 378.40 Td (\(vii\) ) Tj ET Q q 0 0 0 rg BT 127.81 378.40 Td (any ) Tj ET Q q 0 0 0 rg BT 142.93 378.40 Td (expenses ) Tj ET Q q 0 0 0 rg BT 179.40 378.40 Td (incurred ) Tj ET Q q 0 0 0 rg BT 210.52 378.40 Td (in ) Tj ET Q q 0 0 0 rg BT 218.97 378.40 Td (any ) Tj ET Q q 0 0 0 rg BT 234.09 378.40 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 279.90 378.40 Td (in ) Tj ET Q q 0 0 0 rg BT 288.35 378.40 Td (the ) Tj ET Q q 0 0 0 rg BT 301.70 378.40 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 319.48 378.40 Td (Bankruptcy ) Tj ET Q q 0 0 0 rg BT 361.72 378.40 Td (Courts ) Tj ET Q q 0 0 0 rg BT 387.50 378.40 Td (in ) Tj ET Q q 0 0 0 rg BT 395.95 378.40 Td (connection ) Tj ET Q q 0 0 0 rg BT 436.87 378.40 Td (with ) Tj ET Q q 0 0 0 rg BT 453.32 378.40 Td (any ) Tj ET Q q 0 0 0 rg BT 468.44 378.40 Td (of ) Tj ET Q q 0 0 0 rg BT 477.34 378.40 Td (the ) Tj ET Q q 0 0 0 rg BT 490.68 378.40 Td (foregoing.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 359.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 359.20 Td (1.19 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 357.932421875 m 194.6015625 357.932421875 l s q 0 0 0 rg BT 122.00 359.20 Td (Loan ) Tj ET Q q 0 0 0 rg BT 143.04 359.20 Td (Agreement\(s\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 194.60 359.20 Td ( ) Tj ET Q q 0 0 0 rg BT 196.82 359.20 Td (- ) Tj ET Q q 0 0 0 rg BT 201.71 359.20 Td (is ) Tj ET Q q 0 0 0 rg BT 209.71 359.20 Td (defined ) Tj ET Q q 0 0 0 rg BT 238.18 359.20 Td (in ) Tj ET Q q 0 0 0 rg BT 246.63 359.20 Td (the ) Tj ET Q q 0 0 0 rg BT 259.97 359.20 Td (Recitals ) Tj ET Q q 0 0 0 rg BT 290.65 359.20 Td (and ) Tj ET Q q 0 0 0 rg BT 306.22 359.20 Td (all ) Tj ET Q q 0 0 0 rg BT 316.45 359.20 Td (extensions, ) Tj ET Q q 0 0 0 rg BT 359.14 359.20 Td (renewals, ) Tj ET Q q 0 0 0 rg BT 395.60 359.20 Td (modifications ) Tj ET Q q 0 0 0 rg BT 444.51 359.20 Td (and ) Tj ET Q q 0 0 0 rg BT 460.08 359.20 Td (replacements ) Tj ET Q q 0 0 0 rg BT 510.32 359.20 Td (thereof.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 340.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 340.00 Td (1.20 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 338.732421875 m 192.22265625 338.732421875 l s q 0 0 0 rg BT 122.00 340.00 Td (Loan ) Tj ET Q q 0 0 0 rg BT 143.33 340.00 Td (Document\(s\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 192.22 340.00 Td ( ) Tj ET Q q 0 0 0 rg BT 194.45 340.00 Td (- ) Tj ET Q q 0 0 0 rg BT 199.33 340.00 Td (is ) Tj ET Q q 0 0 0 rg BT 207.33 340.00 Td (defined ) Tj ET Q q 0 0 0 rg BT 235.80 340.00 Td (in ) Tj ET Q q 0 0 0 rg BT 244.25 340.00 Td (the ) Tj ET Q q 0 0 0 rg BT 257.59 340.00 Td (Recitals ) Tj ET Q q 0 0 0 rg BT 288.27 340.00 Td (and ) Tj ET Q q 0 0 0 rg BT 303.84 340.00 Td (all ) Tj ET Q q 0 0 0 rg BT 314.07 340.00 Td (extensions, ) Tj ET Q q 0 0 0 rg BT 356.76 340.00 Td (renewals, ) Tj ET Q q 0 0 0 rg BT 393.22 340.00 Td (modifications ) Tj ET Q q 0 0 0 rg BT 442.13 340.00 Td (and ) Tj ET Q q 0 0 0 rg BT 457.70 340.00 Td (replacements ) Tj ET Q q 0 0 0 rg BT 507.95 340.00 Td (thereof.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 320.80 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 320.80 Td (1.21 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 319.532421875 m 149.5546875 319.532421875 l s q 0 0 0 rg BT 122.00 320.80 Td (Note\(s\)) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 149.55 320.80 Td ( ) Tj ET Q q 0 0 0 rg BT 151.78 320.80 Td (- ) Tj ET Q q 0 0 0 rg BT 156.66 320.80 Td (is ) Tj ET Q q 0 0 0 rg BT 164.66 320.80 Td (defined ) Tj ET Q q 0 0 0 rg BT 193.13 320.80 Td (in ) Tj ET Q q 0 0 0 rg BT 201.58 320.80 Td (the ) Tj ET Q q 0 0 0 rg BT 214.93 320.80 Td (Recitals ) Tj ET Q q 0 0 0 rg BT 245.60 320.80 Td (and ) Tj ET Q q 0 0 0 rg BT 261.17 320.80 Td (all ) Tj ET Q q 0 0 0 rg BT 271.40 320.80 Td (extensions, ) Tj ET Q q 0 0 0 rg BT 314.09 320.80 Td (renewals, ) Tj ET Q q 0 0 0 rg BT 350.55 320.80 Td (modifications ) Tj ET Q q 0 0 0 rg BT 399.46 320.80 Td (and ) Tj ET Q q 0 0 0 rg BT 415.03 320.80 Td (replacements ) Tj ET Q q 0 0 0 rg BT 465.28 320.80 Td (thereof.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 301.60 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 301.60 Td (1.22 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 300.332421875 m 181.80615234375 300.332421875 l s q 0 0 0 rg BT 122.00 301.60 Td (Permitted ) Tj ET Q q 0 0 0 rg BT 160.91 301.60 Td (Liens) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 181.81 301.60 Td ( ) Tj ET Q q 0 0 0 rg BT 183.82 301.60 Td (- ) Tj ET Q q 0 0 0 rg BT 188.50 301.60 Td (means ) Tj ET Q q 0 0 0 rg BT 214.52 301.60 Td (any ) Tj ET Q q 0 0 0 rg BT 229.43 301.60 Td (and ) Tj ET Q q 0 0 0 rg BT 244.79 301.60 Td (all ) Tj ET Q q 0 0 0 rg BT 254.81 301.60 Td (of ) Tj ET Q q 0 0 0 rg BT 263.50 301.60 Td (the ) Tj ET Q q 0 0 0 rg BT 276.63 301.60 Td (following: ) Tj ET Q q 0 0 0 rg BT 312.00 301.60 Td ( ) Tj ET Q q 0 0 0 rg BT 314.01 301.60 Td (\(i\)liens ) Tj ET Q q 0 0 0 rg BT 341.80 301.60 Td (for ) Tj ET Q q 0 0 0 rg BT 353.15 301.60 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 376.51 301.60 Td (fees, ) Tj ET Q q 0 0 0 rg BT 395.87 301.60 Td (assessments ) Tj ET Q q 0 0 0 rg BT 444.56 301.60 Td (or ) Tj ET Q q 0 0 0 rg BT 453.69 301.60 Td (other ) Tj ET Q q 0 0 0 rg BT 473.94 301.60 Td (governmental ) Tj ET Q q 0 0 0 rg BT 524.42 301.60 Td (charges ) Tj ET Q q 0 0 0 rg BT 554.90 301.60 Td (or ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 292.00 Td (levies, ) Tj ET Q q 0 0 0 rg BT 75.07 292.00 Td (either ) Tj ET Q q 0 0 0 rg BT 97.48 292.00 Td (not ) Tj ET Q q 0 0 0 rg BT 111.00 292.00 Td (delinquent ) Tj ET Q q 0 0 0 rg BT 150.32 292.00 Td (or ) Tj ET Q q 0 0 0 rg BT 159.83 292.00 Td (being ) Tj ET Q q 0 0 0 rg BT 181.80 292.00 Td (contested ) Tj ET Q q 0 0 0 rg BT 218.89 292.00 Td (in ) Tj ET Q q 0 0 0 rg BT 227.52 292.00 Td (good ) Tj ET Q q 0 0 0 rg BT 247.71 292.00 Td (faith ) Tj ET Q q 0 0 0 rg BT 265.23 292.00 Td (by ) Tj ET Q q 0 0 0 rg BT 276.08 292.00 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 318.95 292.00 Td (proceedings; ) Tj ET Q q 0 0 0 rg BT 367.15 292.00 Td (and ) Tj ET Q q 0 0 0 rg BT 382.90 292.00 Td (\(ii\)any ) Tj ET Q q 0 0 0 rg BT 409.30 292.00 Td (other ) Tj ET Q q 0 0 0 rg BT 429.93 292.00 Td (liens ) Tj ET Q q 0 0 0 rg BT 448.78 292.00 Td (and ) Tj ET Q q 0 0 0 rg BT 464.53 292.00 Td (encumbrances ) Tj ET Q q 0 0 0 rg BT 519.40 292.00 Td (agreed ) Tj ET Q q 0 0 0 rg BT 546.70 292.00 Td (to ) Tj ET Q q 0 0 0 rg BT 555.77 292.00 Td (in ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 282.40 Td (writing ) Tj ET Q q 0 0 0 rg BT 75.34 282.40 Td (by ) Tj ET Q q 0 0 0 rg BT 86.01 282.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 113.14 282.40 Td (which ) Tj ET Q q 0 0 0 rg BT 135.82 282.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 154.50 282.40 Td (be ) Tj ET Q q 0 0 0 rg BT 165.62 282.40 Td (junior ) Tj ET Q q 0 0 0 rg BT 187.41 282.40 Td (in ) Tj ET Q q 0 0 0 rg BT 195.86 282.40 Td (priority ) Tj ET Q q 0 0 0 rg BT 222.08 282.40 Td (to ) Tj ET Q q 0 0 0 rg BT 230.98 282.40 Td (the ) Tj ET Q q 0 0 0 rg BT 244.32 282.40 Td (lien ) Tj ET Q q 0 0 0 rg BT 259.00 282.40 Td (of ) Tj ET Q q 0 0 0 rg BT 267.89 282.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 295.02 282.40 Td (granted ) Tj ET Q q 0 0 0 rg BT 324.38 282.40 Td (in ) Tj ET Q q 0 0 0 rg BT 332.83 282.40 Td (this ) Tj ET Q q 0 0 0 rg BT 347.06 282.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 388.41 282.40 Td (unless ) Tj ET Q q 0 0 0 rg BT 413.76 282.40 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 450.22 282.40 Td (agreed ) Tj ET Q q 0 0 0 rg BT 477.36 282.40 Td (to ) Tj ET Q q 0 0 0 rg BT 486.25 282.40 Td (by ) Tj ET Q q 0 0 0 rg BT 496.92 282.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 524.05 282.40 Td (in ) Tj ET Q q 0 0 0 rg BT 532.50 282.40 Td (writing.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 263.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 263.20 Td (1.23 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 261.93242187500005 m 149.12109375 261.93242187500005 l s q 0 0 0 rg BT 122.00 263.20 Td (Person) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 149.12 263.20 Td ( ) Tj ET Q q 0 0 0 rg BT 151.84 263.20 Td (- ) Tj ET Q q 0 0 0 rg BT 157.22 263.20 Td (means ) Tj ET Q q 0 0 0 rg BT 183.94 263.20 Td (any ) Tj ET Q q 0 0 0 rg BT 199.56 263.20 Td (natural ) Tj ET Q q 0 0 0 rg BT 226.73 263.20 Td (person ) Tj ET Q q 0 0 0 rg BT 253.91 263.20 Td (or ) Tj ET Q q 0 0 0 rg BT 263.74 263.20 Td (any ) Tj ET Q q 0 0 0 rg BT 279.35 263.20 Td (entity) Tj ET Q q 0 0 0 rg BT 297.88 263.20 Td (, ) Tj ET Q q 0 0 0 rg BT 302.82 263.20 Td (including ) Tj ET Q q 0 0 0 rg BT 337.11 263.20 Td (any ) Tj ET Q q 0 0 0 rg BT 352.72 263.20 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 397.69 263.20 Td (partnership, ) Tj ET Q q 0 0 0 rg BT 442.65 263.20 Td (joint ) Tj ET Q q 0 0 0 rg BT 460.04 263.20 Td (venture, ) Tj ET Q q 0 0 0 rg BT 491.66 263.20 Td (trust, ) Tj ET Q q 0 0 0 rg BT 512.16 263.20 Td (limited ) Tj ET Q q 0 0 0 rg BT 537.99 263.20 Td (liability ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 253.60 Td (company) Tj ET Q q 0 0 0 rg BT 81.87 253.60 Td (, ) Tj ET Q q 0 0 0 rg BT 86.31 253.60 Td (unincorporated ) Tj ET Q q 0 0 0 rg BT 141.91 253.60 Td (organization ) Tj ET Q q 0 0 0 rg BT 187.71 253.60 Td (or ) Tj ET Q q 0 0 0 rg BT 197.05 253.60 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 225.95 253.60 Td (or ) Tj ET Q q 0 0 0 rg BT 235.29 253.60 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 287.32 253.60 Td (Authority) Tj ET Q q 0 0 0 rg BT 318.29 253.60 Td (.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 234.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 234.40 Td (1.24 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 233.13242187499998 m 199.04931640625 233.13242187499998 l s q 0 0 0 rg BT 122.00 234.40 Td (Secured ) Tj ET Q q 0 0 0 rg BT 155.05 234.40 Td (Obligations) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 199.05 234.40 Td ( ) Tj ET Q q 0 0 0 rg BT 200.53 234.40 Td (- ) Tj ET Q q 0 0 0 rg BT 204.67 234.40 Td (means ) Tj ET Q q 0 0 0 rg BT 230.16 234.40 Td (all ) Tj ET Q q 0 0 0 rg BT 239.65 234.40 Td (debts, ) Tj ET Q q 0 0 0 rg BT 262.92 234.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 302.65 234.40 Td (and ) Tj ET Q q 0 0 0 rg BT 317.47 234.40 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 349.19 234.40 Td (of: ) Tj ET Q q 0 0 0 rg BT 359.56 234.40 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 368.14 234.40 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 393.63 234.40 Td (to ) Tj ET Q q 0 0 0 rg BT 401.79 234.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 428.17 234.40 Td (under ) Tj ET Q q 0 0 0 rg BT 450.11 234.40 Td (this ) Tj ET Q q 0 0 0 rg BT 463.75 234.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 504.36 234.40 Td (and ) Tj ET Q q 0 0 0 rg BT 519.19 234.40 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 529.55 234.40 Td (Borrower ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 224.80 Td (under ) Tj ET Q q 0 0 0 rg BT 72.56 224.80 Td (or ) Tj ET Q q 0 0 0 rg BT 81.78 224.80 Td (in ) Tj ET Q q 0 0 0 rg BT 90.10 224.80 Td (connection ) Tj ET Q q 0 0 0 rg BT 130.90 224.80 Td (with ) Tj ET Q q 0 0 0 rg BT 147.23 224.80 Td (the ) Tj ET Q q 0 0 0 rg BT 160.45 224.80 Td (Loan ) Tj ET Q q 0 0 0 rg BT 179.93 224.80 Td (Agreements, ) Tj ET Q q 0 0 0 rg BT 227.39 224.80 Td (any ) Tj ET Q q 0 0 0 rg BT 242.39 224.80 Td (Note, ) Tj ET Q q 0 0 0 rg BT 263.61 224.80 Td (and ) Tj ET Q q 0 0 0 rg BT 279.06 224.80 Td (any ) Tj ET Q q 0 0 0 rg BT 294.06 224.80 Td (of ) Tj ET Q q 0 0 0 rg BT 302.83 224.80 Td (the ) Tj ET Q q 0 0 0 rg BT 316.05 224.80 Td (other ) Tj ET Q q 0 0 0 rg BT 336.39 224.80 Td (Loan ) Tj ET Q q 0 0 0 rg BT 356.29 224.80 Td (Documents, ) Tj ET Q q 0 0 0 rg BT 401.07 224.80 Td (regardless ) Tj ET Q q 0 0 0 rg BT 440.52 224.80 Td (whether ) Tj ET Q q 0 0 0 rg BT 471.09 224.80 Td (such ) Tj ET Q q 0 0 0 rg BT 490.08 224.80 Td (Secured ) Tj ET Q q 0 0 0 rg BT 521.98 224.80 Td (Obligations ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 215.20 Td (are ) Tj ET Q q 0 0 0 rg BT 63.77 215.20 Td (currently ) Tj ET Q q 0 0 0 rg BT 96.65 215.20 Td (existing ) Tj ET Q q 0 0 0 rg BT 125.98 215.20 Td (or ) Tj ET Q q 0 0 0 rg BT 135.30 215.20 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 169.53 215.20 Td (created, ) Tj ET Q q 0 0 0 rg BT 200.64 215.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 231.31 215.20 Td (direct ) Tj ET Q q 0 0 0 rg BT 253.08 215.20 Td (or ) Tj ET Q q 0 0 0 rg BT 262.40 215.20 Td (indirect, ) Tj ET Q q 0 0 0 rg BT 292.62 215.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 323.28 215.20 Td (absolute ) Tj ET Q q 0 0 0 rg BT 355.74 215.20 Td (or ) Tj ET Q q 0 0 0 rg BT 365.06 215.20 Td (contingent, ) Tj ET Q q 0 0 0 rg BT 406.40 215.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 437.07 215.20 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 473.53 215.20 Td (or ) Tj ET Q q 0 0 0 rg BT 482.85 215.20 Td (unliquidated, ) Tj ET Q q 0 0 0 rg BT 530.42 215.20 Td (including ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 205.60 Td (Attorneys' ) Tj ET Q q 0 0 0 rg BT 87.42 205.60 Td (Fees. ) Tj ET Q q 0 0 0 rg BT 109.53 205.60 Td ( ) Tj ET Q q 0 0 0 rg BT 111.63 205.60 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 170.65 205.60 Td (anything ) Tj ET Q q 0 0 0 rg BT 203.00 205.60 Td (to ) Tj ET Q q 0 0 0 rg BT 211.77 205.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.00 205.60 Td (contrary ) Tj ET Q q 0 0 0 rg BT 256.00 205.60 Td (contained ) Tj ET Q q 0 0 0 rg BT 292.79 205.60 Td (in ) Tj ET Q q 0 0 0 rg BT 301.12 205.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.34 205.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 334.24 205.60 Td (Documents, ) Tj ET Q q 0 0 0 rg BT 379.02 205.60 Td (the ) Tj ET Q q 0 0 0 rg BT 392.25 205.60 Td (term ) Tj ET Q q 0 0 0 rg BT 410.35 205.60 Td (Secured ) Tj ET Q q 0 0 0 rg BT 444.91 205.60 Td (Obligations" ) Tj ET Q q 0 0 0 rg BT 489.87 205.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 508.43 205.60 Td (not ) Tj ET Q q 0 0 0 rg BT 521.65 205.60 Td (include ) Tj ET Q q 0 0 0 rg BT 549.10 205.60 Td (any ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 196.00 Td (debts ) Tj ET Q q 0 0 0 rg BT 71.66 196.00 Td (that ) Tj ET Q q 0 0 0 rg BT 87.09 196.00 Td (are ) Tj ET Q q 0 0 0 rg BT 100.74 196.00 Td (or ) Tj ET Q q 0 0 0 rg BT 109.94 196.00 Td (may ) Tj ET Q q 0 0 0 rg BT 127.14 196.00 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 161.25 196.00 Td (constitute ) Tj ET Q q 0 0 0 rg BT 197.58 196.00 Td (consumer ) Tj ET Q q 0 0 0 rg BT 237.46 196.00 Td (credit ) Tj ET Q q 0 0 0 rg BT 261.77 196.00 Td (which ) Tj ET Q q 0 0 0 rg BT 284.31 196.00 Td (is ) Tj ET Q q 0 0 0 rg BT 292.18 196.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 319.61 196.00 Td (to ) Tj ET Q q 0 0 0 rg BT 328.37 196.00 Td (the ) Tj ET Q q 0 0 0 rg BT 341.58 196.00 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 379.69 196.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 428.46 196.00 Td (of ) Tj ET Q q 0 0 0 rg BT 437.22 196.00 Td (the ) Tj ET Q q 0 0 0 rg BT 450.43 196.00 Td (federal ) Tj ET Q q 0 0 0 rg BT 476.84 196.00 Td (T) Tj ET Q q 0 0 0 rg BT 481.43 196.00 Td (ruth-In ) Tj ET Q q 0 0 0 rg BT 506.64 196.00 Td (Lending ) Tj ET Q q 0 0 0 rg BT 536.79 196.00 Td (Act ) Tj ET Q q 0 0 0 rg BT 550.43 196.00 Td (\(15 ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 186.40 Td (U.S.C. ) Tj ET Q q 0 0 0 rg BT 76.19 186.40 Td (Section ) Tj ET Q q 0 0 0 rg BT 105.50 186.40 Td (1601, ) Tj ET Q BT /F6 8.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 128.14404296875 185.25937499999998 m 134.81591796875 185.25937499999998 l s q 0 0 0 rg BT 128.14 186.40 Td (et) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 134.82 186.40 Td ( ) Tj ET Q BT /F6 8.00 Tf ET 0 0 0 RG /GS0 gs 0.59 w 0 i [] 0 d 1 J 1 j 3 M 137.443359375 185.25937499999998 m 150.341796875 185.25937499999998 l s q 0 0 0 rg BT 137.44 186.40 Td (seq) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 150.34 186.40 Td (.\) ) Tj ET Q q 0 0 0 rg BT 157.86 186.40 Td (or ) Tj ET Q q 0 0 0 rg BT 167.60 186.40 Td (any ) Tj ET Q q 0 0 0 rg BT 183.12 186.40 Td (similar ) Tj ET Q q 0 0 0 rg BT 208.86 186.40 Td (state ) Tj ET Q q 0 0 0 rg BT 228.83 186.40 Td (law ) Tj ET Q q 0 0 0 rg BT 243.46 186.40 Td (in ) Tj ET Q q 0 0 0 rg BT 252.32 186.40 Td (ef) Tj ET Q q 0 0 0 rg BT 258.84 186.40 Td (fect ) Tj ET Q q 0 0 0 rg BT 274.37 186.40 Td (from ) Tj ET Q q 0 0 0 rg BT 292.99 186.40 Td (time ) Tj ET Q q 0 0 0 rg BT 310.73 186.40 Td (to ) Tj ET Q q 0 0 0 rg BT 320.03 186.40 Td (time, ) Tj ET Q q 0 0 0 rg BT 340.00 186.40 Td (unless ) Tj ET Q q 0 0 0 rg BT 365.75 186.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 393.29 186.40 Td (and ) Tj ET Q q 0 0 0 rg BT 409.26 186.40 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 435.90 186.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 454.98 186.40 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 491.85 186.40 Td (agree ) Tj ET Q q 0 0 0 rg BT 514.94 186.40 Td (in ) Tj ET Q q 0 0 0 rg BT 523.79 186.40 Td (a ) Tj ET Q q 0 0 0 rg BT 530.87 186.40 Td (separate ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 176.80 Td (written ) Tj ET Q q 0 0 0 rg BT 75.79 176.80 Td (agreement.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 285.30 157.60 Td (ARTICLE II) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 264.95 148.00 Td (SECURITY) Tj ET Q q 0 0 0 rg BT 305.25 148.00 Td ( INTEREST) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 128.80 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 128.80 Td (2.1 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 127.53242187499995 m 185.1015625 127.53242187499995 l s q 0 0 0 rg BT 122.00 128.80 Td (Security ) Tj ET Q q 0 0 0 rg BT 156.20 128.80 Td (Interest) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 185.10 128.80 Td (. ) Tj ET Q q 0 0 0 rg BT 189.96 128.80 Td ( ) Tj ET Q q 0 0 0 rg BT 192.59 128.80 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 219.23 128.80 Td (hereby ) Tj ET Q q 0 0 0 rg BT 246.33 128.80 Td (grants ) Tj ET Q q 0 0 0 rg BT 271.20 128.80 Td (to ) Tj ET Q q 0 0 0 rg BT 280.50 128.80 Td (Lender ) Tj ET Q q 0 0 0 rg BT 308.04 128.80 Td (a ) Tj ET Q q 0 0 0 rg BT 315.13 128.80 Td (continuing ) Tj ET Q q 0 0 0 rg BT 354.23 128.80 Td (valid, ) Tj ET Q q 0 0 0 rg BT 375.54 128.80 Td (first ) Tj ET Q q 0 0 0 rg BT 391.06 128.80 Td (priority ) Tj ET Q q 0 0 0 rg BT 417.70 128.80 Td (security ) Tj ET Q q 0 0 0 rg BT 447.89 128.80 Td (interest ) Tj ET Q q 0 0 0 rg BT 476.76 128.80 Td (in ) Tj ET Q q 0 0 0 rg BT 485.62 128.80 Td (all ) Tj ET Q q 0 0 0 rg BT 496.25 128.80 Td (present ) Tj ET Q q 0 0 0 rg BT 525.57 128.80 Td (and ) Tj ET Q q 0 0 0 rg BT 541.55 128.80 Td (future ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 119.20 Td (Collateral, ) Tj ET Q q 0 0 0 rg BT 88.24 119.20 Td (described ) Tj ET Q q 0 0 0 rg BT 125.15 119.20 Td (in ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 133.59765625 117.93242187500005 m 168.265625 117.93242187500005 l s q 0 0 0 rg BT 133.60 119.20 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 162.49 119.20 Td (B) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 168.27 119.20 Td (, ) Tj ET Q q 0 0 0 rg BT 172.71 119.20 Td (now ) Tj ET Q q 0 0 0 rg BT 189.61 119.20 Td (owned ) Tj ET Q q 0 0 0 rg BT 215.41 119.20 Td (or ) Tj ET Q q 0 0 0 rg BT 224.74 119.20 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 258.98 119.20 Td (acquired ) Tj ET Q q 0 0 0 rg BT 291.89 119.20 Td (to ) Tj ET Q q 0 0 0 rg BT 300.79 119.20 Td (secure ) Tj ET Q q 0 0 0 rg BT 327.02 119.20 Td (repayment ) Tj ET Q q 0 0 0 rg BT 367.04 119.20 Td (and ) Tj ET Q q 0 0 0 rg BT 382.61 119.20 Td (performance ) Tj ET Q q 0 0 0 rg BT 429.75 119.20 Td (of ) Tj ET Q q 0 0 0 rg BT 438.64 119.20 Td (the ) Tj ET Q q 0 0 0 rg BT 451.98 119.20 Td (Secured ) Tj ET Q q 0 0 0 rg BT 484.00 119.20 Td (Obligations.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 100.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 100.00 Td (2.2 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 98.732421875 m 198.48095703125 98.732421875 l s q 0 0 0 rg BT 122.00 100.00 Td (Security ) Tj ET Q q 0 0 0 rg BT 154.92 100.00 Td (Documents) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 198.48 100.00 Td (. ) Tj ET Q q 0 0 0 rg BT 202.05 100.00 Td ( ) Tj ET Q q 0 0 0 rg BT 203.40 100.00 Td (Lender ) Tj ET Q q 0 0 0 rg BT 229.66 100.00 Td (may ) Tj ET Q q 0 0 0 rg BT 246.12 100.00 Td (file ) Tj ET Q q 0 0 0 rg BT 257.69 100.00 Td (all ) Tj ET Q q 0 0 0 rg BT 267.05 100.00 Td (financing ) Tj ET Q q 0 0 0 rg BT 300.42 100.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 340.90 100.00 Td (and ) Tj ET Q q 0 0 0 rg BT 355.59 100.00 Td (confirmation ) Tj ET Q q 0 0 0 rg BT 400.51 100.00 Td (statements ) Tj ET Q q 0 0 0 rg BT 440.99 100.00 Td (and ) Tj ET Q q 0 0 0 rg BT 455.69 100.00 Td (other ) Tj ET Q q 0 0 0 rg BT 475.27 100.00 Td (documents ) Tj ET Q q 0 0 0 rg BT 515.75 100.00 Td (as ) Tj ET Q q 0 0 0 rg BT 525.55 100.00 Td (necessary ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 90.40 Td (to ) Tj ET Q q 0 0 0 rg BT 58.28 90.40 Td (perfect ) Tj ET Q q 0 0 0 rg BT 84.34 90.40 Td (and ) Tj ET Q q 0 0 0 rg BT 99.30 90.40 Td (maintain ) Tj ET Q q 0 0 0 rg BT 131.14 90.40 Td (perfected ) Tj ET Q q 0 0 0 rg BT 166.11 90.40 Td (Lender's ) Tj ET Q q 0 0 0 rg BT 198.15 90.40 Td (security ) Tj ET Q q 0 0 0 rg BT 227.32 90.40 Td (interest. ) Tj ET Q q 0 0 0 rg BT 257.39 90.40 Td ( ) Tj ET Q q 0 0 0 rg BT 258.99 90.40 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 284.61 90.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 302.67 90.40 Td (execute ) Tj ET Q q 0 0 0 rg BT 332.30 90.40 Td (and ) Tj ET Q q 0 0 0 rg BT 347.26 90.40 Td (deliver ) Tj ET Q q 0 0 0 rg BT 372.43 90.40 Td (to ) Tj ET Q q 0 0 0 rg BT 380.71 90.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 407.23 90.40 Td (all ) Tj ET Q q 0 0 0 rg BT 416.84 90.40 Td (documents ) Tj ET Q q 0 0 0 rg BT 457.58 90.40 Td (which ) Tj ET Q q 0 0 0 rg BT 479.64 90.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 506.16 90.40 Td (may ) Tj ET Q q 0 0 0 rg BT 522.88 90.40 Td (reasonably ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 80.80 Td (request: ) Tj ET Q q 0 0 0 rg BT 80.30 80.80 Td ( ) Tj ET Q q 0 0 0 rg BT 81.69 80.80 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 90.19 80.80 Td (to ) Tj ET Q q 0 0 0 rg BT 98.25 80.80 Td (perfect, ) Tj ET Q q 0 0 0 rg BT 126.32 80.80 Td (and ) Tj ET Q q 0 0 0 rg BT 141.06 80.80 Td (maintain ) Tj ET Q q 0 0 0 rg BT 172.69 80.80 Td (perfected, ) Tj ET Q q 0 0 0 rg BT 209.66 80.80 Td (Lender's ) Tj ET Q q 0 0 0 rg BT 241.48 80.80 Td (security ) Tj ET Q q 0 0 0 rg BT 270.44 80.80 Td (interests ) Tj ET Q q 0 0 0 rg BT 302.06 80.80 Td (in ) Tj ET Q q 0 0 0 rg BT 309.68 80.80 Td (the ) Tj ET Q q 0 0 0 rg BT 322.19 80.80 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 357.38 80.80 Td (or) Tj ET Q q 0 0 0 rg BT 364.05 80.80 Td (, ) Tj ET Q q 0 0 0 rg BT 367.66 80.80 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 377.94 80.80 Td (to ) Tj ET Q q 0 0 0 rg BT 386.00 80.80 Td (maintain ) Tj ET Q q 0 0 0 rg BT 417.63 80.80 Td (or ) Tj ET Q q 0 0 0 rg BT 426.13 80.80 Td (recognize ) Tj ET Q q 0 0 0 rg BT 462.21 80.80 Td (the ) Tj ET Q q 0 0 0 rg BT 474.73 80.80 Td (priority ) Tj ET Q q 0 0 0 rg BT 500.12 80.80 Td (and ) Tj ET Q q 0 0 0 rg BT 514.86 80.80 Td (enforceability ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 71.20 Td (of ) Tj ET Q q 0 0 0 rg BT 58.77 71.20 Td (the ) Tj ET Q q 0 0 0 rg BT 71.99 71.20 Td (Lender) Tj ET Q q 0 0 0 rg BT 97.20 71.20 Td () Tj ET Q q 0 0 0 rg BT 98.83 71.20 Td (s ) Tj ET Q q 0 0 0 rg BT 104.93 71.20 Td (lien ) Tj ET Q q 0 0 0 rg BT 119.48 71.20 Td (on ) Tj ET Q q 0 0 0 rg BT 130.47 71.20 Td (the ) Tj ET Q q 0 0 0 rg BT 143.69 71.20 Td (Collateral, ) Tj ET Q q 0 0 0 rg BT 181.80 71.20 Td (and ) Tj ET Q q 0 0 0 rg BT 197.25 71.20 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 210.01 71.20 Td (to ) Tj ET Q q 0 0 0 rg BT 218.78 71.20 Td (implement ) Tj ET Q q 0 0 0 rg BT 257.78 71.20 Td (the ) Tj ET Q q 0 0 0 rg BT 271.00 71.20 Td (terms ) Tj ET Q q 0 0 0 rg BT 293.09 71.20 Td (of ) Tj ET Q q 0 0 0 rg BT 301.86 71.20 Td (this ) Tj ET Q q 0 0 0 rg BT 315.99 71.20 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 359.45 71.20 Td ( ) Tj ET Q q 0 0 0 rg BT 361.54 71.20 Td (If ) Tj ET Q q 0 0 0 rg BT 368.09 71.20 Td (requested ) Tj ET Q q 0 0 0 rg BT 405.77 71.20 Td (by ) Tj ET Q q 0 0 0 rg BT 416.31 71.20 Td (Lender) Tj ET Q q 0 0 0 rg BT 440.78 71.20 Td (, ) Tj ET Q q 0 0 0 rg BT 445.10 71.20 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 471.21 71.20 Td (will ) Tj ET Q q 0 0 0 rg BT 484.42 71.20 Td (have ) Tj ET Q q 0 0 0 rg BT 503.86 71.20 Td (such ) Tj ET Q q 0 0 0 rg BT 522.86 71.20 Td (documents ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 61.60 Td (executed ) Tj ET Q q 0 0 0 rg BT 84.69 61.60 Td (by ) Tj ET Q q 0 0 0 rg BT 95.36 61.60 Td (relevant ) Tj ET Q q 0 0 0 rg BT 126.05 61.60 Td (third ) Tj ET Q q 0 0 0 rg BT 143.83 61.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 170.07 61.60 Td (and ) Tj ET Q q 0 0 0 rg BT 185.64 61.60 Td (delivered ) Tj ET Q q 0 0 0 rg BT 220.32 61.60 Td (to ) Tj ET Q q 0 0 0 rg BT 229.22 61.60 Td (Lender) Tj ET Q q 0 0 0 rg BT 253.69 61.60 Td (. ) Tj ET Q q 0 0 0 rg BT 258.13 61.60 Td ( ) Tj ET Q endstream endobj 201 0 obj <> endobj 202 0 obj <> stream BT /F5 8.00 Tf ET q 0 0 0 rg BT 284.20 743.20 Td (ARTICLE III) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 229.40 733.60 Td (REPRESENT) Tj ET Q q 0 0 0 rg BT 277.70 733.60 Td (A) Tj ET Q q 0 0 0 rg BT 282.89 733.60 Td (TIONS ) Tj ET Q q 0 0 0 rg BT 309.26 733.60 Td (AND W) Tj ET Q q 0 0 0 rg BT 335.92 733.60 Td (ARRANTIES) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 85.00 714.40 Td (Until ) Tj ET Q q 0 0 0 rg BT 103.23 714.40 Td (the ) Tj ET Q q 0 0 0 rg BT 116.57 714.40 Td (Secured ) Tj ET Q q 0 0 0 rg BT 148.59 714.40 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 190.84 714.40 Td (are ) Tj ET Q q 0 0 0 rg BT 204.62 714.40 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 236.19 714.40 Td (in ) Tj ET Q q 0 0 0 rg BT 244.64 714.40 Td (full, ) Tj ET Q q 0 0 0 rg BT 259.31 714.40 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 285.55 714.40 Td (makes ) Tj ET Q q 0 0 0 rg BT 311.33 714.40 Td (the ) Tj ET Q q 0 0 0 rg BT 324.68 714.40 Td (following ) Tj ET Q q 0 0 0 rg BT 358.03 714.40 Td (representations ) Tj ET Q q 0 0 0 rg BT 415.39 714.40 Td (and ) Tj ET Q q 0 0 0 rg BT 430.96 714.40 Td (warranties:) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 695.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 695.20 Td (3.1 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 693.932421875 m 147.77734375 693.932421875 l s q 0 0 0 rg BT 122.00 695.20 Td (Debtor) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 147.78 695.20 Td (. ) Tj ET Q q 0 0 0 rg BT 152.94 695.20 Td ( ) Tj ET Q q 0 0 0 rg BT 155.87 695.20 Td (Debtor) Tj ET Q q 0 0 0 rg BT 180.18 695.20 Td () Tj ET Q q 0 0 0 rg BT 181.81 695.20 Td (s ) Tj ET Q q 0 0 0 rg BT 188.75 695.20 Td (full ) Tj ET Q q 0 0 0 rg BT 201.91 695.20 Td (and ) Tj ET Q q 0 0 0 rg BT 218.19 695.20 Td (correct ) Tj ET Q q 0 0 0 rg BT 245.58 695.20 Td (name ) Tj ET Q q 0 0 0 rg BT 268.53 695.20 Td (and ) Tj ET Q q 0 0 0 rg BT 284.81 695.20 Td (address ) Tj ET Q q 0 0 0 rg BT 316.21 695.20 Td (are ) Tj ET Q q 0 0 0 rg BT 330.70 695.20 Td (indicated ) Tj ET Q q 0 0 0 rg BT 365.66 695.20 Td (in ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 374.82421875 693.932421875 m 409.81298828125 693.932421875 l s q 0 0 0 rg BT 374.82 695.20 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 404.04 695.20 Td (A) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 409.81 695.20 Td (. ) Tj ET Q q 0 0 0 rg BT 414.97 695.20 Td ( ) Tj ET Q q 0 0 0 rg BT 417.91 695.20 Td (If ) Tj ET Q q 0 0 0 rg BT 425.29 695.20 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 452.23 695.20 Td (is ) Tj ET Q q 0 0 0 rg BT 460.95 695.20 Td (an ) Tj ET Q q 0 0 0 rg BT 472.78 695.20 Td (entity) Tj ET Q q 0 0 0 rg BT 491.31 695.20 Td (, ) Tj ET Q q 0 0 0 rg BT 496.47 695.20 Td (Debtor: ) Tj ET Q q 0 0 0 rg BT 525.64 695.20 Td ( ) Tj ET Q q 0 0 0 rg BT 528.57 695.20 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 538.61 695.20 Td (is ) Tj ET Q q 0 0 0 rg BT 547.33 695.20 Td (duly ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 685.60 Td (organized, ) Tj ET Q q 0 0 0 rg BT 89.99 685.60 Td (validly ) Tj ET Q q 0 0 0 rg BT 114.85 685.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 144.61 685.60 Td (and ) Tj ET Q q 0 0 0 rg BT 160.59 685.60 Td (in ) Tj ET Q q 0 0 0 rg BT 169.45 685.60 Td (good ) Tj ET Q q 0 0 0 rg BT 189.88 685.60 Td (standing ) Tj ET Q q 0 0 0 rg BT 222.75 685.60 Td (under ) Tj ET Q q 0 0 0 rg BT 245.85 685.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.60 685.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 278.24 685.60 Td (of ) Tj ET Q q 0 0 0 rg BT 287.54 685.60 Td (the ) Tj ET Q q 0 0 0 rg BT 301.29 685.60 Td (state ) Tj ET Q q 0 0 0 rg BT 321.27 685.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 355.47 685.60 Td (in ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 364.3330078125 684.332421875 m 398.7041015625 684.332421875 l s q 0 0 0 rg BT 364.33 685.60 Td (Exhibit) Tj ET Q q 0 0 0 rg BT 392.93 685.60 Td (A) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 398.70 685.60 Td (; ) Tj ET Q q 0 0 0 rg BT 403.56 685.60 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 415.07 685.60 Td (is ) Tj ET Q q 0 0 0 rg BT 423.48 685.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 455.92 685.60 Td (to ) Tj ET Q q 0 0 0 rg BT 465.22 685.60 Td (do ) Tj ET Q q 0 0 0 rg BT 476.75 685.60 Td (business ) Tj ET Q q 0 0 0 rg BT 510.96 685.60 Td (and ) Tj ET Q q 0 0 0 rg BT 526.93 685.60 Td (is ) Tj ET Q q 0 0 0 rg BT 535.34 685.60 Td (in ) Tj ET Q q 0 0 0 rg BT 544.20 685.60 Td (good ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 676.00 Td (standing ) Tj ET Q q 0 0 0 rg BT 82.83 676.00 Td (in ) Tj ET Q q 0 0 0 rg BT 91.64 676.00 Td (each ) Tj ET Q q 0 0 0 rg BT 111.57 676.00 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 151.94 676.00 Td (in ) Tj ET Q q 0 0 0 rg BT 160.75 676.00 Td (which ) Tj ET Q q 0 0 0 rg BT 183.79 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 197.49 676.00 Td (ownership ) Tj ET Q q 0 0 0 rg BT 236.54 676.00 Td (of ) Tj ET Q q 0 0 0 rg BT 245.79 676.00 Td (its ) Tj ET Q q 0 0 0 rg BT 256.37 676.00 Td (assets ) Tj ET Q q 0 0 0 rg BT 282.07 676.00 Td (or ) Tj ET Q q 0 0 0 rg BT 291.77 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 305.47 676.00 Td (conduct ) Tj ET Q q 0 0 0 rg BT 336.07 676.00 Td (of ) Tj ET Q q 0 0 0 rg BT 345.33 676.00 Td (its ) Tj ET Q q 0 0 0 rg BT 355.91 676.00 Td (business ) Tj ET Q q 0 0 0 rg BT 390.07 676.00 Td (requires ) Tj ET Q q 0 0 0 rg BT 421.55 676.00 Td (qualification ) Tj ET Q q 0 0 0 rg BT 466.38 676.00 Td (as ) Tj ET Q q 0 0 0 rg BT 477.41 676.00 Td (a ) Tj ET Q q 0 0 0 rg BT 484.45 676.00 Td (foreign ) Tj ET Q q 0 0 0 rg BT 511.49 676.00 Td (entity; ) Tj ET Q q 0 0 0 rg BT 535.41 676.00 Td (and ) Tj ET Q q 0 0 0 rg BT 551.34 676.00 Td (\(iii\) ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 666.40 Td (conducts ) Tj ET Q q 0 0 0 rg BT 84.24 666.40 Td (business ) Tj ET Q q 0 0 0 rg BT 118.04 666.40 Td (under ) Tj ET Q q 0 0 0 rg BT 140.72 666.40 Td (the ) Tj ET Q q 0 0 0 rg BT 154.07 666.40 Td (trade ) Tj ET Q q 0 0 0 rg BT 174.52 666.40 Td (name\(s\), ) Tj ET Q q 0 0 0 rg BT 208.31 666.40 Td (if ) Tj ET Q q 0 0 0 rg BT 214.53 666.40 Td (any) Tj ET Q q 0 0 0 rg BT 226.84 666.40 Td (, ) Tj ET Q q 0 0 0 rg BT 231.28 666.40 Td (specified ) Tj ET Q q 0 0 0 rg BT 265.08 666.40 Td (in ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 273.52734375 665.132421875 m 307.8984375 665.132421875 l s q 0 0 0 rg BT 273.53 666.40 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 302.12 666.40 Td (A) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 307.90 666.40 Td (, ) Tj ET Q q 0 0 0 rg BT 312.34 666.40 Td (and ) Tj ET Q q 0 0 0 rg BT 327.91 666.40 Td (no ) Tj ET Q q 0 0 0 rg BT 339.04 666.40 Td (other ) Tj ET Q q 0 0 0 rg BT 359.49 666.40 Td (trade ) Tj ET Q q 0 0 0 rg BT 379.95 666.40 Td (name\(s\).) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 647.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 647.20 Td (3.2 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 645.932421875 m 157.55078125 645.932421875 l s q 0 0 0 rg BT 122.00 647.20 Td (Authority) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 157.55 647.20 Td (. ) Tj ET Q q 0 0 0 rg BT 162.61 647.20 Td ( ) Tj ET Q q 0 0 0 rg BT 165.45 647.20 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 192.31 647.20 Td (has ) Tj ET Q q 0 0 0 rg BT 208.04 647.20 Td (the ) Tj ET Q q 0 0 0 rg BT 222.01 647.20 Td (authority ) Tj ET Q q 0 0 0 rg BT 255.53 647.20 Td (to ) Tj ET Q q 0 0 0 rg BT 265.04 647.20 Td (enter ) Tj ET Q q 0 0 0 rg BT 286.12 647.20 Td (into ) Tj ET Q q 0 0 0 rg BT 301.86 647.20 Td (this ) Tj ET Q q 0 0 0 rg BT 316.58 647.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 358.55 647.20 Td (and ) Tj ET Q q 0 0 0 rg BT 374.74 647.20 Td (to ) Tj ET Q q 0 0 0 rg BT 384.25 647.20 Td (grant ) Tj ET Q q 0 0 0 rg BT 405.33 647.20 Td (the ) Tj ET Q q 0 0 0 rg BT 419.29 647.20 Td (liens ) Tj ET Q q 0 0 0 rg BT 438.58 647.20 Td (and ) Tj ET Q q 0 0 0 rg BT 454.77 647.20 Td (powers ) Tj ET Q q 0 0 0 rg BT 483.40 647.20 Td (provided ) Tj ET Q q 0 0 0 rg BT 516.93 647.20 Td (herein. ) Tj ET Q q 0 0 0 rg BT 544.23 647.20 Td ( ) Tj ET Q q 0 0 0 rg BT 546.89 647.20 Td (This ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 637.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 92.03 637.60 Td (has ) Tj ET Q q 0 0 0 rg BT 107.82 637.60 Td (been ) Tj ET Q q 0 0 0 rg BT 128.51 637.60 Td (duly ) Tj ET Q q 0 0 0 rg BT 146.09 637.60 Td (authorized, ) Tj ET Q q 0 0 0 rg BT 188.56 637.60 Td (and ) Tj ET Q q 0 0 0 rg BT 204.81 637.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 225.50 637.60 Td (execution ) Tj ET Q q 0 0 0 rg BT 262.64 637.60 Td (and ) Tj ET Q q 0 0 0 rg BT 278.88 637.60 Td (delivery ) Tj ET Q q 0 0 0 rg BT 309.35 637.60 Td (will ) Tj ET Q q 0 0 0 rg BT 323.35 637.60 Td (constitute ) Tj ET Q q 0 0 0 rg BT 360.49 637.60 Td (the ) Tj ET Q q 0 0 0 rg BT 374.50 637.60 Td (legal, ) Tj ET Q q 0 0 0 rg BT 396.53 637.60 Td (valid ) Tj ET Q q 0 0 0 rg BT 415.87 637.60 Td (and ) Tj ET Q q 0 0 0 rg BT 432.12 637.60 Td (binding ) Tj ET Q q 0 0 0 rg BT 460.81 637.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 501.96 637.60 Td (and ) Tj ET Q q 0 0 0 rg BT 518.20 637.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 555.34 637.60 Td (of ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 628.00 Td (Debtor) Tj ET Q q 0 0 0 rg BT 73.57 628.00 Td (, ) Tj ET Q q 0 0 0 rg BT 78.02 628.00 Td (enforceable ) Tj ET Q q 0 0 0 rg BT 122.05 628.00 Td (in ) Tj ET Q q 0 0 0 rg BT 130.50 628.00 Td (accordance ) Tj ET Q q 0 0 0 rg BT 174.08 628.00 Td (with ) Tj ET Q q 0 0 0 rg BT 190.53 628.00 Td (its ) Tj ET Q q 0 0 0 rg BT 200.75 628.00 Td (terms.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 608.80 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 608.80 Td (3.3 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 607.532421875 m 169.234375 607.532421875 l s q 0 0 0 rg BT 122.00 608.80 Td (No ) Tj ET Q q 0 0 0 rg BT 135.01 608.80 Td (Conflicts) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 169.23 608.80 Td (. ) Tj ET Q q 0 0 0 rg BT 173.80 608.80 Td ( ) Tj ET Q q 0 0 0 rg BT 176.00 608.80 Td (The ) Tj ET Q q 0 0 0 rg BT 192.13 608.80 Td (execution, ) Tj ET Q q 0 0 0 rg BT 230.95 608.80 Td (delivery ) Tj ET Q q 0 0 0 rg BT 260.86 608.80 Td (and ) Tj ET Q q 0 0 0 rg BT 276.56 608.80 Td (performance ) Tj ET Q q 0 0 0 rg BT 323.82 608.80 Td (by ) Tj ET Q q 0 0 0 rg BT 334.61 608.80 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 360.97 608.80 Td (of ) Tj ET Q q 0 0 0 rg BT 369.99 608.80 Td (this ) Tj ET Q q 0 0 0 rg BT 384.32 608.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 425.80 608.80 Td (and ) Tj ET Q q 0 0 0 rg BT 441.50 608.80 Td (the ) Tj ET Q q 0 0 0 rg BT 454.97 608.80 Td (grant ) Tj ET Q q 0 0 0 rg BT 475.55 608.80 Td (of ) Tj ET Q q 0 0 0 rg BT 484.57 608.80 Td (the ) Tj ET Q q 0 0 0 rg BT 498.04 608.80 Td (lien ) Tj ET Q q 0 0 0 rg BT 512.84 608.80 Td (herein ) Tj ET Q q 0 0 0 rg BT 537.42 608.80 Td (do ) Tj ET Q q 0 0 0 rg BT 548.67 608.80 Td (not: ) Tj ET Q q 0 0 0 rg BT 564.24 608.80 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 599.20 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 59.21 599.20 Td (violate ) Tj ET Q q 0 0 0 rg BT 84.44 599.20 Td (any ) Tj ET Q q 0 0 0 rg BT 99.44 599.20 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 151.79 599.20 Td (Requirements ) Tj ET Q q 0 0 0 rg BT 203.70 599.20 Td (applicable ) Tj ET Q q 0 0 0 rg BT 241.83 599.20 Td (to ) Tj ET Q q 0 0 0 rg BT 250.61 599.20 Td (Debtor; ) Tj ET Q q 0 0 0 rg BT 278.95 599.20 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 289.93 599.20 Td (constitute ) Tj ET Q q 0 0 0 rg BT 326.28 599.20 Td (a ) Tj ET Q q 0 0 0 rg BT 332.83 599.20 Td (breach ) Tj ET Q q 0 0 0 rg BT 359.40 599.20 Td (of ) Tj ET Q q 0 0 0 rg BT 368.17 599.20 Td (any ) Tj ET Q q 0 0 0 rg BT 383.18 599.20 Td (provision ) Tj ET Q q 0 0 0 rg BT 417.30 599.20 Td (of ) Tj ET Q q 0 0 0 rg BT 426.07 599.20 Td (the ) Tj ET Q q 0 0 0 rg BT 439.30 599.20 Td (organizational ) Tj ET Q q 0 0 0 rg BT 491.22 599.20 Td (papers ) Tj ET Q q 0 0 0 rg BT 517.78 599.20 Td (of ) Tj ET Q q 0 0 0 rg BT 526.56 599.20 Td (Debtor; ) Tj ET Q q 0 0 0 rg BT 554.90 599.20 Td (or ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 589.60 Td (\(iii\)constitute ) Tj ET Q q 0 0 0 rg BT 99.35 589.60 Td (an ) Tj ET Q q 0 0 0 rg BT 110.47 589.60 Td (event ) Tj ET Q q 0 0 0 rg BT 132.26 589.60 Td (of ) Tj ET Q q 0 0 0 rg BT 141.16 589.60 Td (default ) Tj ET Q q 0 0 0 rg BT 167.40 589.60 Td (under ) Tj ET Q q 0 0 0 rg BT 190.08 589.60 Td (any ) Tj ET Q q 0 0 0 rg BT 205.20 589.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 245.67 589.60 Td (of ) Tj ET Q q 0 0 0 rg BT 254.57 589.60 Td (Debtor) Tj ET Q q 0 0 0 rg BT 278.14 589.60 Td (.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 570.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 570.40 Td (3.4 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 569.132421875 m 233.537109375 569.132421875 l s q 0 0 0 rg BT 122.00 570.40 Td (Lawsuits; ) Tj ET Q q 0 0 0 rg BT 161.17 570.40 Td (Compliance; ) Tj ET Q q 0 0 0 rg BT 211.45 570.40 Td (T) Tj ET Q q 0 0 0 rg BT 215.74 570.40 Td (axes) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 233.54 570.40 Td (. ) Tj ET Q q 0 0 0 rg BT 238.03 570.40 Td ( ) Tj ET Q q 0 0 0 rg BT 240.16 570.40 Td (There ) Tj ET Q q 0 0 0 rg BT 263.33 570.40 Td (is ) Tj ET Q q 0 0 0 rg BT 271.38 570.40 Td (no ) Tj ET Q q 0 0 0 rg BT 282.55 570.40 Td (material ) Tj ET Q q 0 0 0 rg BT 313.27 570.40 Td (lawsuit, ) Tj ET Q q 0 0 0 rg BT 342.22 570.40 Td (tax ) Tj ET Q q 0 0 0 rg BT 355.17 570.40 Td (claim ) Tj ET Q q 0 0 0 rg BT 376.11 570.40 Td (or ) Tj ET Q q 0 0 0 rg BT 385.49 570.40 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 426.90 570.40 Td (or ) Tj ET Q q 0 0 0 rg BT 436.28 570.40 Td (other ) Tj ET Q q 0 0 0 rg BT 456.79 570.40 Td (dispute ) Tj ET Q q 0 0 0 rg BT 484.86 570.40 Td (pending ) Tj ET Q q 0 0 0 rg BT 515.61 570.40 Td (to ) Tj ET Q q 0 0 0 rg BT 524.55 570.40 Td (the ) Tj ET Q q 0 0 0 rg BT 537.94 570.40 Td (best ) Tj ET Q q 0 0 0 rg BT 555.34 570.40 Td (of ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 560.80 Td (the ) Tj ET Q q 0 0 0 rg BT 63.92 560.80 Td (Debtor) Tj ET Q q 0 0 0 rg BT 88.23 560.80 Td () Tj ET Q q 0 0 0 rg BT 89.86 560.80 Td (s ) Tj ET Q q 0 0 0 rg BT 96.65 560.80 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 137.70 560.80 Td (or ) Tj ET Q q 0 0 0 rg BT 147.61 560.80 Td (threatened ) Tj ET Q q 0 0 0 rg BT 188.66 560.80 Td (against ) Tj ET Q q 0 0 0 rg BT 217.25 560.80 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 244.06 560.80 Td (or ) Tj ET Q q 0 0 0 rg BT 253.97 560.80 Td (the ) Tj ET Q q 0 0 0 rg BT 267.89 560.80 Td (Collateral, ) Tj ET Q q 0 0 0 rg BT 306.70 560.80 Td (which ) Tj ET Q q 0 0 0 rg BT 329.95 560.80 Td (may ) Tj ET Q q 0 0 0 rg BT 347.86 560.80 Td (result, ) Tj ET Q q 0 0 0 rg BT 372.44 560.80 Td (either ) Tj ET Q q 0 0 0 rg BT 395.24 560.80 Td (separately ) Tj ET Q q 0 0 0 rg BT 434.95 560.80 Td (or ) Tj ET Q q 0 0 0 rg BT 444.86 560.80 Td (in ) Tj ET Q q 0 0 0 rg BT 453.88 560.80 Td (the ) Tj ET Q q 0 0 0 rg BT 467.80 560.80 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 508.85 560.80 Td (in ) Tj ET Q q 0 0 0 rg BT 517.87 560.80 Td (any ) Tj ET Q q 0 0 0 rg BT 533.57 560.80 Td (material ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 551.20 Td (adverse ) Tj ET Q q 0 0 0 rg BT 81.08 551.20 Td (change ) Tj ET Q q 0 0 0 rg BT 109.94 551.20 Td (in ) Tj ET Q q 0 0 0 rg BT 118.78 551.20 Td (the ) Tj ET Q q 0 0 0 rg BT 132.52 551.20 Td (assets, ) Tj ET Q q 0 0 0 rg BT 160.48 551.20 Td (properties, ) Tj ET Q q 0 0 0 rg BT 200.90 551.20 Td (business, ) Tj ET Q q 0 0 0 rg BT 237.31 551.20 Td (profits, ) Tj ET Q q 0 0 0 rg BT 263.93 551.20 Td (or ) Tj ET Q q 0 0 0 rg BT 273.66 551.20 Td (condition ) Tj ET Q q 0 0 0 rg BT 308.30 551.20 Td (of ) Tj ET Q q 0 0 0 rg BT 317.59 551.20 Td (Debtor) Tj ET Q q 0 0 0 rg BT 341.16 551.20 Td (, ) Tj ET Q q 0 0 0 rg BT 346.00 551.20 Td (nor ) Tj ET Q q 0 0 0 rg BT 360.18 551.20 Td (does ) Tj ET Q q 0 0 0 rg BT 380.15 551.20 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 406.77 551.20 Td (know ) Tj ET Q q 0 0 0 rg BT 428.07 551.20 Td (of ) Tj ET Q q 0 0 0 rg BT 437.35 551.20 Td (any ) Tj ET Q q 0 0 0 rg BT 452.87 551.20 Td (basis ) Tj ET Q q 0 0 0 rg BT 474.16 551.20 Td (for ) Tj ET Q q 0 0 0 rg BT 486.12 551.20 Td (any ) Tj ET Q q 0 0 0 rg BT 501.63 551.20 Td (such ) Tj ET Q q 0 0 0 rg BT 521.15 551.20 Td (action, ) Tj ET Q q 0 0 0 rg BT 547.33 551.20 Td (suit, ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 541.60 Td (proceeding ) Tj ET Q q 0 0 0 rg BT 91.85 541.60 Td (or ) Tj ET Q q 0 0 0 rg BT 101.22 541.60 Td (investigation. ) Tj ET Q q 0 0 0 rg BT 150.17 541.60 Td ( ) Tj ET Q q 0 0 0 rg BT 152.43 541.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 178.71 541.60 Td (is ) Tj ET Q q 0 0 0 rg BT 186.74 541.60 Td (in ) Tj ET Q q 0 0 0 rg BT 195.23 541.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 237.95 541.60 Td (with ) Tj ET Q q 0 0 0 rg BT 254.44 541.60 Td (all ) Tj ET Q q 0 0 0 rg BT 264.70 541.60 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 317.21 541.60 Td (Requirements ) Tj ET Q q 0 0 0 rg BT 369.27 541.60 Td (and ) Tj ET Q q 0 0 0 rg BT 384.88 541.60 Td (has ) Tj ET Q q 0 0 0 rg BT 400.04 541.60 Td (satisfied, ) Tj ET Q q 0 0 0 rg BT 433.87 541.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 452.13 541.60 Td (to ) Tj ET Q q 0 0 0 rg BT 461.06 541.60 Td (delinquency) Tj ET Q q 0 0 0 rg BT 503.17 541.60 Td (, ) Tj ET Q q 0 0 0 rg BT 507.65 541.60 Td (all ) Tj ET Q q 0 0 0 rg BT 517.91 541.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 539.29 541.60 Td (due ) Tj ET Q q 0 0 0 rg BT 554.90 541.60 Td (or ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 532.00 Td (payable ) Tj ET Q q 0 0 0 rg BT 80.25 532.00 Td (by ) Tj ET Q q 0 0 0 rg BT 90.92 532.00 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 117.15 532.00 Td (or ) Tj ET Q q 0 0 0 rg BT 126.49 532.00 Td (assessed ) Tj ET Q q 0 0 0 rg BT 162.51 532.00 Td (against ) Tj ET Q q 0 0 0 rg BT 190.53 532.00 Td (the ) Tj ET Q q 0 0 0 rg BT 203.87 532.00 Td (Collateral.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 512.80 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 512.80 Td (3.5 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 511.532421875 m 214.453125 511.532421875 l s q 0 0 0 rg BT 122.00 512.80 Td (Adequate ) Tj ET Q q 0 0 0 rg BT 160.67 512.80 Td (Consideration) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 214.45 512.80 Td (. ) Tj ET Q q 0 0 0 rg BT 218.90 512.80 Td ( ) Tj ET Q q 0 0 0 rg BT 221.12 512.80 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 247.36 512.80 Td (is ) Tj ET Q q 0 0 0 rg BT 255.36 512.80 Td (receiving ) Tj ET Q q 0 0 0 rg BT 289.59 512.80 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 330.95 512.80 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 369.65 512.80 Td (consideration ) Tj ET Q q 0 0 0 rg BT 419.46 512.80 Td (for ) Tj ET Q q 0 0 0 rg BT 431.02 512.80 Td (entering ) Tj ET Q q 0 0 0 rg BT 462.15 512.80 Td (into ) Tj ET Q q 0 0 0 rg BT 477.27 512.80 Td (this ) Tj ET Q q 0 0 0 rg BT 491.50 512.80 Td (Agreement.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 493.60 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 493.60 Td (3.6 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 492.332421875 m 157.12890625 492.332421875 l s q 0 0 0 rg BT 122.00 493.60 Td (Solvency) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 157.13 493.60 Td (. ) Tj ET Q q 0 0 0 rg BT 161.53 493.60 Td ( ) Tj ET Q q 0 0 0 rg BT 163.72 493.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 189.91 493.60 Td (is ) Tj ET Q q 0 0 0 rg BT 197.87 493.60 Td (now ) Tj ET Q q 0 0 0 rg BT 214.73 493.60 Td (and ) Tj ET Q q 0 0 0 rg BT 230.26 493.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 248.90 493.60 Td (be ) Tj ET Q q 0 0 0 rg BT 259.98 493.60 Td (at ) Tj ET Q q 0 0 0 rg BT 268.83 493.60 Td (all ) Tj ET Q q 0 0 0 rg BT 279.02 493.60 Td (times ) Tj ET Q q 0 0 0 rg BT 300.31 493.60 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 334.52 493.60 Td (solvent ) Tj ET Q q 0 0 0 rg BT 362.05 493.60 Td (and ) Tj ET Q q 0 0 0 rg BT 377.58 493.60 Td (able ) Tj ET Q q 0 0 0 rg BT 394.88 493.60 Td (to ) Tj ET Q q 0 0 0 rg BT 403.74 493.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 418.82 493.60 Td (Debtor's ) Tj ET Q q 0 0 0 rg BT 450.54 493.60 Td (debts ) Tj ET Q q 0 0 0 rg BT 472.29 493.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 508.72 493.60 Td (trade ) Tj ET Q q 0 0 0 rg BT 529.14 493.60 Td (debts\) ) Tj ET Q q 0 0 0 rg BT 553.55 493.60 Td (as ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 484.00 Td (they ) Tj ET Q q 0 0 0 rg BT 67.34 484.00 Td (mature.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 464.80 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 464.80 Td (3.7 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 463.532421875 m 177.18603515625 463.532421875 l s q 0 0 0 rg BT 122.00 464.80 Td (T) Tj ET Q q 0 0 0 rg BT 126.74 464.80 Td (itle ) Tj ET Q q 0 0 0 rg BT 141.03 464.80 Td (to ) Tj ET Q q 0 0 0 rg BT 150.95 464.80 Td (Assets) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 177.19 464.80 Td (. ) Tj ET Q q 0 0 0 rg BT 182.14 464.80 Td ( ) Tj ET Q q 0 0 0 rg BT 184.87 464.80 Td (Debtor: ) Tj ET Q q 0 0 0 rg BT 213.83 464.80 Td ( ) Tj ET Q q 0 0 0 rg BT 216.56 464.80 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 226.40 464.80 Td (has ) Tj ET Q q 0 0 0 rg BT 242.03 464.80 Td (and ) Tj ET Q q 0 0 0 rg BT 258.11 464.80 Td (at ) Tj ET Q q 0 0 0 rg BT 267.51 464.80 Td (all ) Tj ET Q q 0 0 0 rg BT 278.24 464.80 Td (times ) Tj ET Q q 0 0 0 rg BT 300.09 464.80 Td (will ) Tj ET Q q 0 0 0 rg BT 313.93 464.80 Td (have ) Tj ET Q q 0 0 0 rg BT 334.01 464.80 Td (full ) Tj ET Q q 0 0 0 rg BT 346.96 464.80 Td (legal ) Tj ET Q q 0 0 0 rg BT 366.60 464.80 Td (and ) Tj ET Q q 0 0 0 rg BT 382.67 464.80 Td (equitable ) Tj ET Q q 0 0 0 rg BT 417.88 464.80 Td (title ) Tj ET Q q 0 0 0 rg BT 433.06 464.80 Td (to ) Tj ET Q q 0 0 0 rg BT 442.46 464.80 Td (the ) Tj ET Q q 0 0 0 rg BT 456.31 464.80 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 492.83 464.80 Td (free ) Tj ET Q q 0 0 0 rg BT 509.35 464.80 Td (of ) Tj ET Q q 0 0 0 rg BT 518.75 464.80 Td (all ) Tj ET Q q 0 0 0 rg BT 529.49 464.80 Td (liens ) Tj ET Q q 0 0 0 rg BT 548.67 464.80 Td (and ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 455.20 Td (interests, ) Tj ET Q q 0 0 0 rg BT 84.34 455.20 Td (except ) Tj ET Q q 0 0 0 rg BT 109.78 455.20 Td (Permitted ) Tj ET Q q 0 0 0 rg BT 145.90 455.20 Td (Liens; ) Tj ET Q q 0 0 0 rg BT 169.12 455.20 Td (and ) Tj ET Q q 0 0 0 rg BT 184.35 455.20 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 195.11 455.20 Td (has ) Tj ET Q q 0 0 0 rg BT 209.89 455.20 Td (the ) Tj ET Q q 0 0 0 rg BT 222.89 455.20 Td (right ) Tj ET Q q 0 0 0 rg BT 240.33 455.20 Td (to ) Tj ET Q q 0 0 0 rg BT 248.88 455.20 Td (grant ) Tj ET Q q 0 0 0 rg BT 268.99 455.20 Td (security ) Tj ET Q q 0 0 0 rg BT 298.43 455.20 Td (interests ) Tj ET Q q 0 0 0 rg BT 330.54 455.20 Td (in ) Tj ET Q q 0 0 0 rg BT 338.65 455.20 Td (the ) Tj ET Q q 0 0 0 rg BT 351.65 455.20 Td (Collateral. ) Tj ET Q q 0 0 0 rg BT 389.54 455.20 Td ( ) Tj ET Q q 0 0 0 rg BT 391.42 455.20 Td (No ) Tj ET Q q 0 0 0 rg BT 403.53 455.20 Td (authorization ) Tj ET Q q 0 0 0 rg BT 451.21 455.20 Td (or ) Tj ET Q q 0 0 0 rg BT 460.21 455.20 Td (approval ) Tj ET Q q 0 0 0 rg BT 492.77 455.20 Td (or ) Tj ET Q q 0 0 0 rg BT 501.76 455.20 Td (notice ) Tj ET Q q 0 0 0 rg BT 524.99 455.20 Td (is ) Tj ET Q q 0 0 0 rg BT 532.64 455.20 Td (required ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 445.60 Td (to ) Tj ET Q q 0 0 0 rg BT 58.58 445.60 Td (grant ) Tj ET Q q 0 0 0 rg BT 78.72 445.60 Td (the ) Tj ET Q q 0 0 0 rg BT 91.74 445.60 Td (lien ) Tj ET Q q 0 0 0 rg BT 106.10 445.60 Td (on ) Tj ET Q q 0 0 0 rg BT 116.91 445.60 Td (the ) Tj ET Q q 0 0 0 rg BT 129.93 445.60 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 165.63 445.60 Td (or ) Tj ET Q q 0 0 0 rg BT 174.65 445.60 Td (for ) Tj ET Q q 0 0 0 rg BT 185.89 445.60 Td (the ) Tj ET Q q 0 0 0 rg BT 198.92 445.60 Td (delivery ) Tj ET Q q 0 0 0 rg BT 228.39 445.60 Td (of ) Tj ET Q q 0 0 0 rg BT 236.97 445.60 Td (this ) Tj ET Q q 0 0 0 rg BT 250.95 445.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 294.21 445.60 Td (except ) Tj ET Q q 0 0 0 rg BT 319.68 445.60 Td (for ) Tj ET Q q 0 0 0 rg BT 330.93 445.60 Td (such ) Tj ET Q q 0 0 0 rg BT 349.73 445.60 Td (authorizations, ) Tj ET Q q 0 0 0 rg BT 403.67 445.60 Td (or ) Tj ET Q q 0 0 0 rg BT 412.69 445.60 Td (notices ) Tj ET Q q 0 0 0 rg BT 439.94 445.60 Td (which ) Tj ET Q q 0 0 0 rg BT 462.30 445.60 Td (have ) Tj ET Q q 0 0 0 rg BT 481.55 445.60 Td (been ) Tj ET Q q 0 0 0 rg BT 501.25 445.60 Td (obtained ) Tj ET Q q 0 0 0 rg BT 533.86 445.60 Td (or ) Tj ET Q q 0 0 0 rg BT 542.88 445.60 Td (given ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 436.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 68.23 436.00 Td (hereto.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 416.80 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 416.80 Td (3.8 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 415.532421875 m 210.703125 415.532421875 l s q 0 0 0 rg BT 122.00 416.80 Td (No ) Tj ET Q q 0 0 0 rg BT 134.96 416.80 Td (Offsets ) Tj ET Q q 0 0 0 rg BT 164.83 416.80 Td (or ) Tj ET Q q 0 0 0 rg BT 175.13 416.80 Td (Defenses) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 210.70 416.80 Td (. ) Tj ET Q q 0 0 0 rg BT 215.23 416.80 Td ( ) Tj ET Q q 0 0 0 rg BT 217.07 416.80 Td (All ) Tj ET Q q 0 0 0 rg BT 228.26 416.80 Td (Receivables ) Tj ET Q q 0 0 0 rg BT 274.14 416.80 Td (and ) Tj ET Q q 0 0 0 rg BT 289.79 416.80 Td (other ) Tj ET Q q 0 0 0 rg BT 310.32 416.80 Td (amounts ) Tj ET Q q 0 0 0 rg BT 343.31 416.80 Td (owed ) Tj ET Q q 0 0 0 rg BT 364.73 416.80 Td (to ) Tj ET Q q 0 0 0 rg BT 373.71 416.80 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 400.02 416.80 Td (are ) Tj ET Q q 0 0 0 rg BT 413.88 416.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 441.53 416.80 Td (to ) Tj ET Q q 0 0 0 rg BT 450.50 416.80 Td (no ) Tj ET Q q 0 0 0 rg BT 461.70 416.80 Td (defense ) Tj ET Q q 0 0 0 rg BT 492.47 416.80 Td (or ) Tj ET Q q 0 0 0 rg BT 501.89 416.80 Td (set ) Tj ET Q q 0 0 0 rg BT 514.86 416.80 Td (of) Tj ET Q q 0 0 0 rg BT 521.39 416.80 Td (f ) Tj ET Q q 0 0 0 rg BT 525.91 416.80 Td (other ) Tj ET Q q 0 0 0 rg BT 546.45 416.80 Td (than ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 407.20 Td (those ) Tj ET Q q 0 0 0 rg BT 71.79 407.20 Td (expressly ) Tj ET Q q 0 0 0 rg BT 107.80 407.20 Td (specified ) Tj ET Q q 0 0 0 rg BT 141.60 407.20 Td (in ) Tj ET Q q 0 0 0 rg BT 150.05 407.20 Td (the ) Tj ET Q q 0 0 0 rg BT 163.39 407.20 Td (LLC ) Tj ET Q q 0 0 0 rg BT 179.85 407.20 Td (Agreement.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 388.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 388.00 Td (3.9 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 386.732421875 m 179.77734375 386.732421875 l s q 0 0 0 rg BT 122.00 388.00 Td (Non-Consumer) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 179.78 388.00 Td (. ) Tj ET Q q 0 0 0 rg BT 184.10 388.00 Td ( ) Tj ET Q q 0 0 0 rg BT 186.21 388.00 Td (No ) Tj ET Q q 0 0 0 rg BT 198.54 388.00 Td (item ) Tj ET Q q 0 0 0 rg BT 215.75 388.00 Td (of ) Tj ET Q q 0 0 0 rg BT 224.53 388.00 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 260.43 388.00 Td (is ) Tj ET Q q 0 0 0 rg BT 268.31 388.00 Td (held ) Tj ET Q q 0 0 0 rg BT 285.54 388.00 Td (primarily ) Tj ET Q q 0 0 0 rg BT 317.86 388.00 Td (for ) Tj ET Q q 0 0 0 rg BT 329.30 388.00 Td (personal, ) Tj ET Q q 0 0 0 rg BT 364.31 388.00 Td (family ) Tj ET Q q 0 0 0 rg BT 387.31 388.00 Td (or ) Tj ET Q q 0 0 0 rg BT 396.53 388.00 Td (household ) Tj ET Q q 0 0 0 rg BT 435.55 388.00 Td (purposes ) Tj ET Q q 0 0 0 rg BT 470.56 388.00 Td (or ) Tj ET Q q 0 0 0 rg BT 479.78 388.00 Td (secures ) Tj ET Q q 0 0 0 rg BT 509.90 388.00 Td (a ) Tj ET Q q 0 0 0 rg BT 516.45 388.00 Td (loan ) Tj ET Q q 0 0 0 rg BT 533.68 388.00 Td (which ) Tj ET Q q 0 0 0 rg BT 556.23 388.00 Td (is ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 378.40 Td (obtained ) Tj ET Q q 0 0 0 rg BT 82.92 378.40 Td (primarily ) Tj ET Q q 0 0 0 rg BT 115.36 378.40 Td (for ) Tj ET Q q 0 0 0 rg BT 126.92 378.40 Td (personal, ) Tj ET Q q 0 0 0 rg BT 162.05 378.40 Td (family ) Tj ET Q q 0 0 0 rg BT 185.17 378.40 Td (or ) Tj ET Q q 0 0 0 rg BT 194.50 378.40 Td (household ) Tj ET Q q 0 0 0 rg BT 233.65 378.40 Td (purposes.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 359.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 359.20 Td (3.10 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 357.932421875 m 155.328125 357.932421875 l s q 0 0 0 rg BT 122.00 359.20 Td (Liquidity) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 155.33 359.20 Td (. ) Tj ET Q q 0 0 0 rg BT 160.17 359.20 Td ( ) Tj ET Q q 0 0 0 rg BT 162.79 359.20 Td (Upon ) Tj ET Q q 0 0 0 rg BT 184.53 359.20 Td (execution ) Tj ET Q q 0 0 0 rg BT 221.39 359.20 Td (of ) Tj ET Q q 0 0 0 rg BT 230.68 359.20 Td (this ) Tj ET Q q 0 0 0 rg BT 245.23 359.20 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 289.20 359.20 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 315.83 359.20 Td (will ) Tj ET Q q 0 0 0 rg BT 329.56 359.20 Td (remain ) Tj ET Q q 0 0 0 rg BT 356.63 359.20 Td (liquid, ) Tj ET Q q 0 0 0 rg BT 380.15 359.20 Td (the ) Tj ET Q q 0 0 0 rg BT 393.89 359.20 Td (total ) Tj ET Q q 0 0 0 rg BT 411.63 359.20 Td (value ) Tj ET Q q 0 0 0 rg BT 433.37 359.20 Td (of ) Tj ET Q q 0 0 0 rg BT 442.66 359.20 Td (its ) Tj ET Q q 0 0 0 rg BT 453.28 359.20 Td (assets ) Tj ET Q q 0 0 0 rg BT 479.02 359.20 Td (will ) Tj ET Q q 0 0 0 rg BT 492.74 359.20 Td (exceed ) Tj ET Q q 0 0 0 rg BT 521.16 359.20 Td (its ) Tj ET Q q 0 0 0 rg BT 531.77 359.20 Td (liabilities ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 349.60 Td (\(contingent ) Tj ET Q q 0 0 0 rg BT 91.80 349.60 Td (and ) Tj ET Q q 0 0 0 rg BT 107.38 349.60 Td (non-contingent\); ) Tj ET Q q 0 0 0 rg BT 167.41 349.60 Td (and ) Tj ET Q q 0 0 0 rg BT 182.98 349.60 Td (it ) Tj ET Q q 0 0 0 rg BT 189.21 349.60 Td (will ) Tj ET Q q 0 0 0 rg BT 202.54 349.60 Td (be ) Tj ET Q q 0 0 0 rg BT 213.66 349.60 Td (able ) Tj ET Q q 0 0 0 rg BT 231.01 349.60 Td (to ) Tj ET Q q 0 0 0 rg BT 239.90 349.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 255.02 349.60 Td (its ) Tj ET Q q 0 0 0 rg BT 265.25 349.60 Td (debts ) Tj ET Q q 0 0 0 rg BT 287.04 349.60 Td (as ) Tj ET Q q 0 0 0 rg BT 297.71 349.60 Td (they ) Tj ET Q q 0 0 0 rg BT 315.05 349.60 Td (come ) Tj ET Q q 0 0 0 rg BT 336.84 349.60 Td (due.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 330.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 330.40 Td (3.1) Tj ET Q q 0 0 0 rg BT 96.53 330.40 Td (1 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 329.132421875 m 267.4560546875 329.132421875 l s q 0 0 0 rg BT 122.00 330.40 Td (Continuing ) Tj ET Q q 0 0 0 rg BT 165.83 330.40 Td (and ) Tj ET Q q 0 0 0 rg BT 181.67 330.40 Td (Cumulative ) Tj ET Q q 0 0 0 rg BT 226.41 330.40 Td (W) Tj ET Q q 0 0 0 rg BT 233.66 330.40 Td (arranties) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 267.46 330.40 Td (. ) Tj ET Q q 0 0 0 rg BT 271.30 330.40 Td ( ) Tj ET Q q 0 0 0 rg BT 272.81 330.40 Td (The ) Tj ET Q q 0 0 0 rg BT 288.21 330.40 Td (warranties ) Tj ET Q q 0 0 0 rg BT 326.73 330.40 Td (and ) Tj ET Q q 0 0 0 rg BT 341.70 330.40 Td (representations ) Tj ET Q q 0 0 0 rg BT 398.46 330.40 Td (set ) Tj ET Q q 0 0 0 rg BT 410.75 330.40 Td (forth ) Tj ET Q q 0 0 0 rg BT 428.38 330.40 Td (in ) Tj ET Q q 0 0 0 rg BT 436.22 330.40 Td (this ) Tj ET Q q 0 0 0 rg BT 450.29 330.40 Td (Section ) Tj ET Q q 0 0 0 rg BT 478.59 330.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 496.66 330.40 Td (be ) Tj ET Q q 0 0 0 rg BT 507.18 330.40 Td (true ) Tj ET Q q 0 0 0 rg BT 522.58 330.40 Td (and ) Tj ET Q q 0 0 0 rg BT 537.55 330.40 Td (correct ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 320.80 Td (in ) Tj ET Q q 0 0 0 rg BT 58.40 320.80 Td (all ) Tj ET Q q 0 0 0 rg BT 68.57 320.80 Td (material ) Tj ET Q q 0 0 0 rg BT 99.20 320.80 Td (respects ) Tj ET Q q 0 0 0 rg BT 131.61 320.80 Td (at ) Tj ET Q q 0 0 0 rg BT 140.45 320.80 Td (the ) Tj ET Q q 0 0 0 rg BT 153.74 320.80 Td (time ) Tj ET Q q 0 0 0 rg BT 171.03 320.80 Td (of ) Tj ET Q q 0 0 0 rg BT 179.87 320.80 Td (execution ) Tj ET Q q 0 0 0 rg BT 216.29 320.80 Td (of ) Tj ET Q q 0 0 0 rg BT 225.13 320.80 Td (this ) Tj ET Q q 0 0 0 rg BT 239.32 320.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 280.63 320.80 Td (and ) Tj ET Q q 0 0 0 rg BT 296.15 320.80 Td (shall ) Tj ET Q q 0 0 0 rg BT 314.77 320.80 Td (constitute ) Tj ET Q q 0 0 0 rg BT 351.19 320.80 Td (continuing ) Tj ET Q q 0 0 0 rg BT 389.83 320.80 Td (representations ) Tj ET Q q 0 0 0 rg BT 447.15 320.80 Td (and ) Tj ET Q q 0 0 0 rg BT 462.67 320.80 Td (warranties ) Tj ET Q q 0 0 0 rg BT 501.74 320.80 Td (as ) Tj ET Q q 0 0 0 rg BT 512.36 320.80 Td (long ) Tj ET Q q 0 0 0 rg BT 529.66 320.80 Td (as ) Tj ET Q q 0 0 0 rg BT 540.28 320.80 Td (any ) Tj ET Q q 0 0 0 rg BT 555.35 320.80 Td (of ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 311.20 Td (the ) Tj ET Q q 0 0 0 rg BT 64.12 311.20 Td (Secured ) Tj ET Q q 0 0 0 rg BT 96.91 311.20 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 139.93 311.20 Td (remain ) Tj ET Q q 0 0 0 rg BT 167.38 311.20 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 194.40 311.20 Td (or ) Tj ET Q q 0 0 0 rg BT 204.50 311.20 Td (unperformed. ) Tj ET Q q 0 0 0 rg BT 255.08 311.20 Td ( ) Tj ET Q q 0 0 0 rg BT 257.88 311.20 Td (The ) Tj ET Q q 0 0 0 rg BT 274.66 311.20 Td (warranties ) Tj ET Q q 0 0 0 rg BT 314.56 311.20 Td (and ) Tj ET Q q 0 0 0 rg BT 330.91 311.20 Td (representations ) Tj ET Q q 0 0 0 rg BT 389.05 311.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 408.49 311.20 Td (be ) Tj ET Q q 0 0 0 rg BT 420.39 311.20 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 461.62 311.20 Td (and ) Tj ET Q q 0 0 0 rg BT 477.97 311.20 Td (in ) Tj ET Q q 0 0 0 rg BT 487.19 311.20 Td (addition ) Tj ET Q q 0 0 0 rg BT 518.21 311.20 Td (to ) Tj ET Q q 0 0 0 rg BT 527.87 311.20 Td (any ) Tj ET Q q 0 0 0 rg BT 543.77 311.20 Td (other ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 301.60 Td (warranties ) Tj ET Q q 0 0 0 rg BT 89.13 301.60 Td (and ) Tj ET Q q 0 0 0 rg BT 104.70 301.60 Td (representations ) Tj ET Q q 0 0 0 rg BT 162.06 301.60 Td (which ) Tj ET Q q 0 0 0 rg BT 184.74 301.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 210.97 301.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 229.65 301.60 Td (give ) Tj ET Q q 0 0 0 rg BT 246.55 301.60 Td (to ) Tj ET Q q 0 0 0 rg BT 255.44 301.60 Td (Lender) Tj ET Q q 0 0 0 rg BT 279.91 301.60 Td (, ) Tj ET Q q 0 0 0 rg BT 284.36 301.60 Td (now ) Tj ET Q q 0 0 0 rg BT 301.25 301.60 Td (or ) Tj ET Q q 0 0 0 rg BT 310.59 301.60 Td (hereafter) Tj ET Q q 0 0 0 rg BT 342.17 301.60 Td (.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 283.75 282.40 Td (ARTICLE IV) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 280.85 272.80 Td (COVENANTS) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 86.00 253.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 112.23 253.60 Td (agrees, ) Tj ET Q q 0 0 0 rg BT 141.14 253.60 Td (until ) Tj ET Q q 0 0 0 rg BT 158.04 253.60 Td (the ) Tj ET Q q 0 0 0 rg BT 171.38 253.60 Td (Secured ) Tj ET Q q 0 0 0 rg BT 203.40 253.60 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 245.65 253.60 Td (are ) Tj ET Q q 0 0 0 rg BT 259.43 253.60 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 291.00 253.60 Td (in ) Tj ET Q q 0 0 0 rg BT 299.45 253.60 Td (full:) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 234.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 234.40 Td (4.1 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 233.13242187499998 m 235.52978515625 233.13242187499998 l s q 0 0 0 rg BT 122.00 234.40 Td (T) Tj ET Q q 0 0 0 rg BT 126.45 234.40 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 156.14 234.40 Td (or ) Tj ET Q q 0 0 0 rg BT 166.70 234.40 Td (Release ) Tj ET Q q 0 0 0 rg BT 199.52 234.40 Td (of ) Tj ET Q q 0 0 0 rg BT 209.29 234.40 Td (Assets) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 235.53 234.40 Td (. ) Tj ET Q q 0 0 0 rg BT 240.32 234.40 Td ( ) Tj ET Q q 0 0 0 rg BT 242.89 234.40 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 269.46 234.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 288.48 234.40 Td (not ) Tj ET Q q 0 0 0 rg BT 302.17 234.40 Td (transfer) Tj ET Q q 0 0 0 rg BT 328.85 234.40 Td (, ) Tj ET Q q 0 0 0 rg BT 333.64 234.40 Td (sell, ) Tj ET Q q 0 0 0 rg BT 350.44 234.40 Td (abandon, ) Tj ET Q q 0 0 0 rg BT 386.37 234.40 Td (or ) Tj ET Q q 0 0 0 rg BT 396.05 234.40 Td (release ) Tj ET Q q 0 0 0 rg BT 424.85 234.40 Td (any ) Tj ET Q q 0 0 0 rg BT 440.32 234.40 Td (part ) Tj ET Q q 0 0 0 rg BT 456.67 234.40 Td (of ) Tj ET Q q 0 0 0 rg BT 465.91 234.40 Td (the ) Tj ET Q q 0 0 0 rg BT 479.60 234.40 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 515.96 234.40 Td (except ) Tj ET Q q 0 0 0 rg BT 542.10 234.40 Td (in ) Tj ET Q q 0 0 0 rg BT 550.89 234.40 Td (the ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 224.80 Td (ordinary ) Tj ET Q q 0 0 0 rg BT 81.13 224.80 Td (course ) Tj ET Q q 0 0 0 rg BT 107.36 224.80 Td (of ) Tj ET Q q 0 0 0 rg BT 116.25 224.80 Td (business ) Tj ET Q q 0 0 0 rg BT 150.05 224.80 Td (as ) Tj ET Q q 0 0 0 rg BT 160.72 224.80 Td (previously ) Tj ET Q q 0 0 0 rg BT 198.96 224.80 Td (conducted ) Tj ET Q q 0 0 0 rg BT 238.10 224.80 Td (and ) Tj ET Q q 0 0 0 rg BT 253.67 224.80 Td (for ) Tj ET Q q 0 0 0 rg BT 265.23 224.80 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 306.59 224.80 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 345.29 224.80 Td (consideration.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 205.60 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 205.60 Td (4.2 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 204.33242187500002 m 156.98486328125 204.33242187500002 l s q 0 0 0 rg BT 122.00 205.60 Td (Lien ) Tj ET Q q 0 0 0 rg BT 140.09 205.60 Td (Free) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 156.98 205.60 Td (. ) Tj ET Q q 0 0 0 rg BT 160.85 205.60 Td ( ) Tj ET Q q 0 0 0 rg BT 162.49 205.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 188.14 205.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 206.24 205.60 Td (keep ) Tj ET Q q 0 0 0 rg BT 225.23 205.60 Td (the ) Tj ET Q q 0 0 0 rg BT 237.99 205.60 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 273.42 205.60 Td (free ) Tj ET Q q 0 0 0 rg BT 288.85 205.60 Td (of ) Tj ET Q q 0 0 0 rg BT 297.16 205.60 Td (all ) Tj ET Q q 0 0 0 rg BT 306.81 205.60 Td (liens ) Tj ET Q q 0 0 0 rg BT 324.90 205.60 Td (and ) Tj ET Q q 0 0 0 rg BT 339.89 205.60 Td (interests, ) Tj ET Q q 0 0 0 rg BT 373.99 205.60 Td (except ) Tj ET Q q 0 0 0 rg BT 399.20 205.60 Td (Permitted ) Tj ET Q q 0 0 0 rg BT 435.07 205.60 Td (Liens. ) Tj ET Q q 0 0 0 rg BT 458.06 205.60 Td ( ) Tj ET Q q 0 0 0 rg BT 459.70 205.60 Td (However ) Tj ET Q q 0 0 0 rg BT 492.91 205.60 Td (except ) Tj ET Q q 0 0 0 rg BT 518.12 205.60 Td (as ) Tj ET Q q 0 0 0 rg BT 528.21 205.60 Td (expressly ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 196.00 Td (agreed ) Tj ET Q q 0 0 0 rg BT 77.13 196.00 Td (in ) Tj ET Q q 0 0 0 rg BT 85.58 196.00 Td (writing ) Tj ET Q q 0 0 0 rg BT 110.92 196.00 Td (Lender) Tj ET Q q 0 0 0 rg BT 136.13 196.00 Td () Tj ET Q q 0 0 0 rg BT 137.76 196.00 Td (s ) Tj ET Q q 0 0 0 rg BT 143.98 196.00 Td (lien ) Tj ET Q q 0 0 0 rg BT 158.66 196.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 177.34 196.00 Td (be ) Tj ET Q q 0 0 0 rg BT 188.46 196.00 Td (senior ) Tj ET Q q 0 0 0 rg BT 212.47 196.00 Td (to ) Tj ET Q q 0 0 0 rg BT 221.36 196.00 Td (all ) Tj ET Q q 0 0 0 rg BT 231.59 196.00 Td (Permitted ) Tj ET Q q 0 0 0 rg BT 268.05 196.00 Td (Liens.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 176.80 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 176.80 Td (4.3 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 175.53242187499995 m 154.01171875 175.53242187499995 l s q 0 0 0 rg BT 122.00 176.80 Td (Records) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 154.01 176.80 Td (. ) Tj ET Q q 0 0 0 rg BT 158.54 176.80 Td ( ) Tj ET Q q 0 0 0 rg BT 160.40 176.80 Td (As ) Tj ET Q q 0 0 0 rg BT 172.04 176.80 Td (regards ) Tj ET Q q 0 0 0 rg BT 201.48 176.80 Td (any ) Tj ET Q q 0 0 0 rg BT 216.69 176.80 Td (Collateral, ) Tj ET Q q 0 0 0 rg BT 255.01 176.80 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 281.34 176.80 Td (shall ) Tj ET Q q 0 0 0 rg BT 300.10 176.80 Td (maintain ) Tj ET Q q 0 0 0 rg BT 332.65 176.80 Td (a ) Tj ET Q q 0 0 0 rg BT 339.41 176.80 Td (standard ) Tj ET Q q 0 0 0 rg BT 372.85 176.80 Td (and ) Tj ET Q q 0 0 0 rg BT 388.51 176.80 Td (modern ) Tj ET Q q 0 0 0 rg BT 417.95 176.80 Td (system ) Tj ET Q q 0 0 0 rg BT 445.59 176.80 Td (of ) Tj ET Q q 0 0 0 rg BT 454.57 176.80 Td (accounting ) Tj ET Q q 0 0 0 rg BT 495.58 176.80 Td (in ) Tj ET Q q 0 0 0 rg BT 504.12 176.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 547.79 176.80 Td (with ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 167.20 Td (generally ) Tj ET Q q 0 0 0 rg BT 84.78 167.20 Td (accepted ) Tj ET Q q 0 0 0 rg BT 119.57 167.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 160.58 167.20 Td (principles, ) Tj ET Q q 0 0 0 rg BT 198.91 167.20 Td (or ) Tj ET Q q 0 0 0 rg BT 208.34 167.20 Td (such ) Tj ET Q q 0 0 0 rg BT 227.55 167.20 Td (other ) Tj ET Q q 0 0 0 rg BT 248.10 167.20 Td (accounting ) Tj ET Q q 0 0 0 rg BT 289.11 167.20 Td (principles ) Tj ET Q q 0 0 0 rg BT 325.22 167.20 Td (as ) Tj ET Q q 0 0 0 rg BT 335.99 167.20 Td (agreed ) Tj ET Q q 0 0 0 rg BT 363.21 167.20 Td (to ) Tj ET Q q 0 0 0 rg BT 372.20 167.20 Td (by ) Tj ET Q q 0 0 0 rg BT 382.97 167.20 Td (Lender) Tj ET Q q 0 0 0 rg BT 407.44 167.20 Td (, ) Tj ET Q q 0 0 0 rg BT 411.97 167.20 Td (consistently ) Tj ET Q q 0 0 0 rg BT 456.09 167.20 Td (applied. ) Tj ET Q q 0 0 0 rg BT 486.43 167.20 Td ( ) Tj ET Q q 0 0 0 rg BT 488.74 167.20 Td (Debtor) Tj ET Q q 0 0 0 rg BT 513.05 167.20 Td () Tj ET Q q 0 0 0 rg BT 514.68 167.20 Td (s ) Tj ET Q q 0 0 0 rg BT 521.00 167.20 Td (Books ) Tj ET Q q 0 0 0 rg BT 545.55 167.20 Td (shall ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 157.60 Td (be ) Tj ET Q q 0 0 0 rg BT 61.12 157.60 Td (accurate ) Tj ET Q q 0 0 0 rg BT 94.03 157.60 Td (and ) Tj ET Q q 0 0 0 rg BT 109.60 157.60 Td (complete. ) Tj ET Q q 0 0 0 rg BT 146.50 157.60 Td ( ) Tj ET Q q 0 0 0 rg BT 148.73 157.60 Td (On ) Tj ET Q q 0 0 0 rg BT 161.62 157.60 Td (Lender) Tj ET Q q 0 0 0 rg BT 186.83 157.60 Td () Tj ET Q q 0 0 0 rg BT 188.46 157.60 Td (s ) Tj ET Q q 0 0 0 rg BT 194.68 157.60 Td (request, ) Tj ET Q q 0 0 0 rg BT 225.81 157.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 252.05 157.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 270.72 157.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 296.51 157.60 Td (to ) Tj ET Q q 0 0 0 rg BT 305.41 157.60 Td (Lender ) Tj ET Q q 0 0 0 rg BT 332.54 157.60 Td (copies ) Tj ET Q q 0 0 0 rg BT 357.89 157.60 Td (of ) Tj ET Q q 0 0 0 rg BT 366.78 157.60 Td (Debtor) Tj ET Q q 0 0 0 rg BT 391.09 157.60 Td () Tj ET Q q 0 0 0 rg BT 392.72 157.60 Td (s ) Tj ET Q q 0 0 0 rg BT 398.95 157.60 Td (Books.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 138.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 138.40 Td (4.4 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 137.13242187499998 m 162.00390625 137.13242187499998 l s q 0 0 0 rg BT 122.00 138.40 Td (Inspection) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 162.00 138.40 Td (.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 164.23 138.40 Td ( ) Tj ET Q q 0 0 0 rg BT 166.21 138.40 Td ( ) Tj ET Q q 0 0 0 rg BT 168.18 138.40 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 194.17 138.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 212.61 138.40 Td (permit ) Tj ET Q q 0 0 0 rg BT 236.81 138.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 263.70 138.40 Td (and ) Tj ET Q q 0 0 0 rg BT 279.03 138.40 Td (any ) Tj ET Q q 0 0 0 rg BT 293.90 138.40 Td (of ) Tj ET Q q 0 0 0 rg BT 302.55 138.40 Td (Lender) Tj ET Q q 0 0 0 rg BT 327.76 138.40 Td () Tj ET Q q 0 0 0 rg BT 329.39 138.40 Td (s ) Tj ET Q q 0 0 0 rg BT 335.37 138.40 Td (representatives, ) Tj ET Q q 0 0 0 rg BT 394.27 138.40 Td (during ) Tj ET Q q 0 0 0 rg BT 418.48 138.40 Td (business ) Tj ET Q q 0 0 0 rg BT 452.04 138.40 Td (hours, ) Tj ET Q q 0 0 0 rg BT 476.25 138.40 Td (to ) Tj ET Q q 0 0 0 rg BT 484.90 138.40 Td (have ) Tj ET Q q 0 0 0 rg BT 504.23 138.40 Td (access ) Tj ET Q q 0 0 0 rg BT 531.10 138.40 Td (upon ) Tj ET Q q 0 0 0 rg BT 550.88 138.40 Td (not ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 128.80 Td (less ) Tj ET Q q 0 0 0 rg BT 65.88 128.80 Td (than ) Tj ET Q q 0 0 0 rg BT 83.09 128.80 Td (five ) Tj ET Q q 0 0 0 rg BT 97.19 128.80 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 108.62 128.80 Td ( ) Tj ET Q q 0 0 0 rg BT 110.27 128.80 Td (Business ) Tj ET Q q 0 0 0 rg BT 144.38 128.80 Td (Days ) Tj ET Q q 0 0 0 rg BT 164.25 128.80 Td (prior ) Tj ET Q q 0 0 0 rg BT 181.90 128.80 Td (written ) Tj ET Q q 0 0 0 rg BT 207.11 128.80 Td (notice ) Tj ET Q q 0 0 0 rg BT 230.11 128.80 Td (to ) Tj ET Q q 0 0 0 rg BT 238.43 128.80 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 264.09 128.80 Td (for ) Tj ET Q q 0 0 0 rg BT 275.07 128.80 Td (the ) Tj ET Q q 0 0 0 rg BT 287.84 128.80 Td (purposes ) Tj ET Q q 0 0 0 rg BT 322.40 128.80 Td (of ) Tj ET Q q 0 0 0 rg BT 330.72 128.80 Td (examining ) Tj ET Q q 0 0 0 rg BT 368.84 128.80 Td (and ) Tj ET Q q 0 0 0 rg BT 383.83 128.80 Td (copying ) Tj ET Q q 0 0 0 rg BT 413.05 128.80 Td (Debtor's ) Tj ET Q q 0 0 0 rg BT 444.24 128.80 Td (Books ) Tj ET Q q 0 0 0 rg BT 468.13 128.80 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 504.91 128.80 Td (to ) Tj ET Q q 0 0 0 rg BT 513.23 128.80 Td (the ) Tj ET Q q 0 0 0 rg BT 526.00 128.80 Td (Collateral. ) Tj ET Q q 0 0 0 rg BT 564.24 128.80 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 119.20 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 76.23 119.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 94.91 119.20 Td (deliver ) Tj ET Q q 0 0 0 rg BT 120.70 119.20 Td (to ) Tj ET Q q 0 0 0 rg BT 129.59 119.20 Td (Lender ) Tj ET Q q 0 0 0 rg BT 156.73 119.20 Td (such ) Tj ET Q q 0 0 0 rg BT 175.85 119.20 Td (reports ) Tj ET Q q 0 0 0 rg BT 202.97 119.20 Td (and ) Tj ET Q q 0 0 0 rg BT 218.54 119.20 Td (information ) Tj ET Q q 0 0 0 rg BT 260.34 119.20 Td (concerning ) Tj ET Q q 0 0 0 rg BT 301.70 119.20 Td (the ) Tj ET Q q 0 0 0 rg BT 315.04 119.20 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 351.05 119.20 Td (as ) Tj ET Q q 0 0 0 rg BT 361.73 119.20 Td (Lender ) Tj ET Q q 0 0 0 rg BT 388.86 119.20 Td (may ) Tj ET Q q 0 0 0 rg BT 406.20 119.20 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 447.55 119.20 Td (request.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 100.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 100.00 Td (4.5 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 98.732421875 m 144.08984375 98.732421875 l s q 0 0 0 rg BT 122.00 100.00 Td (T) Tj ET Q q 0 0 0 rg BT 126.29 100.00 Td (axes) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 144.09 100.00 Td (. ) Tj ET Q q 0 0 0 rg BT 148.54 100.00 Td ( ) Tj ET Q q 0 0 0 rg BT 150.76 100.00 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 176.99 100.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 195.67 100.00 Td (pay ) Tj ET Q q 0 0 0 rg BT 210.79 100.00 Td (all ) Tj ET Q q 0 0 0 rg BT 221.02 100.00 Td (taxes ) Tj ET Q q 0 0 0 rg BT 242.36 100.00 Td (relating ) Tj ET Q q 0 0 0 rg BT 270.82 100.00 Td (to ) Tj ET Q q 0 0 0 rg BT 279.71 100.00 Td (the ) Tj ET Q q 0 0 0 rg BT 293.06 100.00 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 329.07 100.00 Td (when ) Tj ET Q q 0 0 0 rg BT 350.42 100.00 Td (due.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 80.80 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 80.80 Td (4.6 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 79.53242187499995 m 250.48291015625 79.53242187499995 l s q 0 0 0 rg BT 122.00 80.80 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 169.67 80.80 Td (with ) Tj ET Q q 0 0 0 rg BT 187.69 80.80 Td (Applicable ) Tj ET Q q 0 0 0 rg BT 230.48 80.80 Td (Laws) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 250.48 80.80 Td (.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 252.71 80.80 Td ( ) Tj ET Q q 0 0 0 rg BT 255.04 80.80 Td ( ) Tj ET Q q 0 0 0 rg BT 257.37 80.80 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 283.71 80.80 Td (shall ) Tj ET Q q 0 0 0 rg BT 302.49 80.80 Td (comply ) Tj ET Q q 0 0 0 rg BT 330.17 80.80 Td (with ) Tj ET Q q 0 0 0 rg BT 346.72 80.80 Td (and ) Tj ET Q q 0 0 0 rg BT 362.40 80.80 Td (keep ) Tj ET Q q 0 0 0 rg BT 382.08 80.80 Td (in ) Tj ET Q q 0 0 0 rg BT 390.64 80.80 Td (ef) Tj ET Q q 0 0 0 rg BT 397.17 80.80 Td (fect ) Tj ET Q q 0 0 0 rg BT 412.39 80.80 Td (all ) Tj ET Q q 0 0 0 rg BT 422.73 80.80 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 475.30 80.80 Td (Permits ) Tj ET Q q 0 0 0 rg BT 504.75 80.80 Td (relating ) Tj ET Q q 0 0 0 rg BT 533.32 80.80 Td (to ) Tj ET Q q 0 0 0 rg BT 542.32 80.80 Td (it ) Tj ET Q q 0 0 0 rg BT 548.65 80.80 Td (and ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 71.20 Td (the ) Tj ET Q q 0 0 0 rg BT 63.35 71.20 Td (Collateral. ) Tj ET Q q 0 0 0 rg BT 101.60 71.20 Td ( ) Tj ET Q q 0 0 0 rg BT 103.84 71.20 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 130.08 71.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 148.77 71.20 Td (comply ) Tj ET Q q 0 0 0 rg BT 176.34 71.20 Td (with: ) Tj ET Q q 0 0 0 rg BT 195.02 71.20 Td ( ) Tj ET Q q 0 0 0 rg BT 197.26 71.20 Td (\(i\)all ) Tj ET Q q 0 0 0 rg BT 216.82 71.20 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 269.30 71.20 Td (Requirements, ) Tj ET Q q 0 0 0 rg BT 323.56 71.20 Td (in ) Tj ET Q q 0 0 0 rg BT 332.02 71.20 Td (all ) Tj ET Q q 0 0 0 rg BT 342.26 71.20 Td (material ) Tj ET Q q 0 0 0 rg BT 372.94 71.20 Td (respects; ) Tj ET Q q 0 0 0 rg BT 407.63 71.20 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 418.75 71.20 Td (all ) Tj ET Q q 0 0 0 rg BT 428.99 71.20 Td (requirements ) Tj ET Q q 0 0 0 rg BT 477.91 71.20 Td (and ) Tj ET Q q 0 0 0 rg BT 493.49 71.20 Td (orders ) Tj ET Q q 0 0 0 rg BT 518.40 71.20 Td (of ) Tj ET Q q 0 0 0 rg BT 527.30 71.20 Td (all ) Tj ET Q q 0 0 0 rg BT 537.54 71.20 Td (judicial ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 61.60 Td (authorities ) Tj ET Q q 0 0 0 rg BT 89.13 61.60 Td (which ) Tj ET Q q 0 0 0 rg BT 111.81 61.60 Td (have ) Tj ET Q q 0 0 0 rg BT 131.38 61.60 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 171.39 61.60 Td (over ) Tj ET Q q 0 0 0 rg BT 189.18 61.60 Td (it ) Tj ET Q q 0 0 0 rg BT 195.40 61.60 Td (or ) Tj ET Q q 0 0 0 rg BT 204.74 61.60 Td (the ) Tj ET Q q 0 0 0 rg BT 218.08 61.60 Td (Collateral; ) Tj ET Q q 0 0 0 rg BT 256.32 61.60 Td (and ) Tj ET Q q 0 0 0 rg BT 271.89 61.60 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 284.77 61.60 Td (all ) Tj ET Q q 0 0 0 rg BT 295.00 61.60 Td (organizational ) Tj ET Q q 0 0 0 rg BT 347.04 61.60 Td (documents ) Tj ET Q q 0 0 0 rg BT 388.39 61.60 Td (of ) Tj ET Q q 0 0 0 rg BT 397.29 61.60 Td (Debtor) Tj ET Q q 0 0 0 rg BT 420.86 61.60 Td (.) Tj ET Q endstream endobj 203 0 obj <> endobj 204 0 obj <> stream BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 743.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 743.20 Td (4.7 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 741.932421875 m 159.35546875 741.932421875 l s q 0 0 0 rg BT 122.00 743.20 Td (Expenses) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 159.36 743.20 Td (. ) Tj ET Q q 0 0 0 rg BT 164.35 743.20 Td ( ) Tj ET Q q 0 0 0 rg BT 167.13 743.20 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 193.92 743.20 Td (agrees ) Tj ET Q q 0 0 0 rg BT 221.16 743.20 Td (to ) Tj ET Q q 0 0 0 rg BT 230.60 743.20 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 268.95 743.20 Td (Lender ) Tj ET Q q 0 0 0 rg BT 296.63 743.20 Td (for ) Tj ET Q q 0 0 0 rg BT 308.75 743.20 Td (any ) Tj ET Q q 0 0 0 rg BT 324.42 743.20 Td (and ) Tj ET Q q 0 0 0 rg BT 340.54 743.20 Td (all ) Tj ET Q q 0 0 0 rg BT 351.33 743.20 Td (Lender ) Tj ET Q q 0 0 0 rg BT 379.01 743.20 Td (Expenses, ) Tj ET Q q 0 0 0 rg BT 419.14 743.20 Td (and ) Tj ET Q q 0 0 0 rg BT 435.27 743.20 Td (hereby ) Tj ET Q q 0 0 0 rg BT 462.50 743.20 Td (authorizes ) Tj ET Q q 0 0 0 rg BT 502.19 743.20 Td (and ) Tj ET Q q 0 0 0 rg BT 518.32 743.20 Td (approves ) Tj ET Q q 0 0 0 rg BT 554.00 743.20 Td (all ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 733.60 Td (advances ) Tj ET Q q 0 0 0 rg BT 86.47 733.60 Td (and ) Tj ET Q q 0 0 0 rg BT 102.04 733.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 138.95 733.60 Td (by ) Tj ET Q q 0 0 0 rg BT 149.62 733.60 Td (Lender ) Tj ET Q q 0 0 0 rg BT 176.75 733.60 Td (for ) Tj ET Q q 0 0 0 rg BT 188.31 733.60 Td (items ) Tj ET Q q 0 0 0 rg BT 209.64 733.60 Td (constituting ) Tj ET Q q 0 0 0 rg BT 252.34 733.60 Td (Lender ) Tj ET Q q 0 0 0 rg BT 279.47 733.60 Td (Expenses.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 714.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 714.40 Td (4.8 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 713.132421875 m 159.35546875 713.132421875 l s q 0 0 0 rg BT 122.00 714.40 Td (Existence) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 159.36 714.40 Td (. ) Tj ET Q q 0 0 0 rg BT 164.66 714.40 Td ( ) Tj ET Q q 0 0 0 rg BT 167.75 714.40 Td (If ) Tj ET Q q 0 0 0 rg BT 175.28 714.40 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 202.37 714.40 Td (is ) Tj ET Q q 0 0 0 rg BT 211.23 714.40 Td (an ) Tj ET Q q 0 0 0 rg BT 223.22 714.40 Td (entity: ) Tj ET Q q 0 0 0 rg BT 247.65 714.40 Td ( ) Tj ET Q q 0 0 0 rg BT 250.73 714.40 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 260.92 714.40 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 288.02 714.40 Td (will ) Tj ET Q q 0 0 0 rg BT 302.21 714.40 Td (maintain ) Tj ET Q q 0 0 0 rg BT 335.53 714.40 Td (its ) Tj ET Q q 0 0 0 rg BT 346.62 714.40 Td (existence ) Tj ET Q q 0 0 0 rg BT 383.50 714.40 Td (in ) Tj ET Q q 0 0 0 rg BT 392.81 714.40 Td (good ) Tj ET Q q 0 0 0 rg BT 413.69 714.40 Td (standing ) Tj ET Q q 0 0 0 rg BT 447.02 714.40 Td (under ) Tj ET Q q 0 0 0 rg BT 470.57 714.40 Td (the ) Tj ET Q q 0 0 0 rg BT 484.77 714.40 Td (law ) Tj ET Q q 0 0 0 rg BT 499.86 714.40 Td (of ) Tj ET Q q 0 0 0 rg BT 509.62 714.40 Td (the ) Tj ET Q q 0 0 0 rg BT 523.82 714.40 Td (state ) Tj ET Q q 0 0 0 rg BT 544.25 714.40 Td (of ) Tj ET Q q 0 0 0 rg BT 554.01 714.40 Td (its ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 704.80 Td (organization; ) Tj ET Q q 0 0 0 rg BT 98.12 704.80 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 109.31 704.80 Td (will ) Tj ET Q q 0 0 0 rg BT 122.74 704.80 Td (maintain ) Tj ET Q q 0 0 0 rg BT 155.29 704.80 Td (its ) Tj ET Q q 0 0 0 rg BT 165.60 704.80 Td (qualification ) Tj ET Q q 0 0 0 rg BT 210.16 704.80 Td (as ) Tj ET Q q 0 0 0 rg BT 220.92 704.80 Td (a ) Tj ET Q q 0 0 0 rg BT 227.68 704.80 Td (foreign ) Tj ET Q q 0 0 0 rg BT 254.45 704.80 Td (entity ) Tj ET Q q 0 0 0 rg BT 275.88 704.80 Td (in ) Tj ET Q q 0 0 0 rg BT 284.42 704.80 Td (each ) Tj ET Q q 0 0 0 rg BT 304.08 704.80 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 344.19 704.80 Td (in ) Tj ET Q q 0 0 0 rg BT 352.72 704.80 Td (which ) Tj ET Q q 0 0 0 rg BT 375.49 704.80 Td (the ) Tj ET Q q 0 0 0 rg BT 388.92 704.80 Td (nature ) Tj ET Q q 0 0 0 rg BT 413.92 704.80 Td (of ) Tj ET Q q 0 0 0 rg BT 422.90 704.80 Td (its ) Tj ET Q q 0 0 0 rg BT 433.21 704.80 Td (business ) Tj ET Q q 0 0 0 rg BT 467.10 704.80 Td (requires ) Tj ET Q q 0 0 0 rg BT 498.31 704.80 Td (such ) Tj ET Q q 0 0 0 rg BT 517.52 704.80 Td (qualification; ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 695.20 Td (and ) Tj ET Q q 0 0 0 rg BT 65.62 695.20 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 78.54 695.20 Td (will ) Tj ET Q q 0 0 0 rg BT 91.92 695.20 Td (not ) Tj ET Q q 0 0 0 rg BT 105.31 695.20 Td (merge ) Tj ET Q q 0 0 0 rg BT 130.25 695.20 Td (with ) Tj ET Q q 0 0 0 rg BT 146.75 695.20 Td (any ) Tj ET Q q 0 0 0 rg BT 161.92 695.20 Td (other ) Tj ET Q q 0 0 0 rg BT 182.42 695.20 Td (entity ) Tj ET Q q 0 0 0 rg BT 203.81 695.20 Td (without ) Tj ET Q q 0 0 0 rg BT 231.42 695.20 Td (the ) Tj ET Q q 0 0 0 rg BT 244.81 695.20 Td (consent ) Tj ET Q q 0 0 0 rg BT 275.10 695.20 Td (of ) Tj ET Q q 0 0 0 rg BT 284.04 695.20 Td (Lender ) Tj ET Q q 0 0 0 rg BT 311.22 695.20 Td (except ) Tj ET Q q 0 0 0 rg BT 337.06 695.20 Td (for ) Tj ET Q q 0 0 0 rg BT 348.66 695.20 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 392.73 695.20 Td (or ) Tj ET Q q 0 0 0 rg BT 402.11 695.20 Td (mergers ) Tj ET Q q 0 0 0 rg BT 433.72 695.20 Td (which ) Tj ET Q q 0 0 0 rg BT 456.44 695.20 Td (result ) Tj ET Q q 0 0 0 rg BT 478.27 695.20 Td (in ) Tj ET Q q 0 0 0 rg BT 486.76 695.20 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 513.04 695.20 Td (retaining ) Tj ET Q q 0 0 0 rg BT 546.00 695.20 Td (51% ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 685.60 Td (or ) Tj ET Q q 0 0 0 rg BT 58.75 685.60 Td (more ) Tj ET Q q 0 0 0 rg BT 78.62 685.60 Td (of ) Tj ET Q q 0 0 0 rg BT 86.94 685.60 Td (the ) Tj ET Q q 0 0 0 rg BT 99.70 685.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 122.69 685.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 150.56 685.60 Td (of ) Tj ET Q q 0 0 0 rg BT 158.87 685.60 Td (the ) Tj ET Q q 0 0 0 rg BT 171.64 685.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 203.52 685.60 Td (entity ) Tj ET Q q 0 0 0 rg BT 224.28 685.60 Td (and ) Tj ET Q q 0 0 0 rg BT 239.27 685.60 Td (control ) Tj ET Q q 0 0 0 rg BT 264.92 685.60 Td (of ) Tj ET Q q 0 0 0 rg BT 273.23 685.60 Td (the ) Tj ET Q q 0 0 0 rg BT 286.00 685.60 Td (management ) Tj ET Q q 0 0 0 rg BT 334.33 685.60 Td (of ) Tj ET Q q 0 0 0 rg BT 342.64 685.60 Td (such ) Tj ET Q q 0 0 0 rg BT 361.18 685.60 Td (entity) Tj ET Q q 0 0 0 rg BT 379.71 685.60 Td (. ) Tj ET Q q 0 0 0 rg BT 383.58 685.60 Td ( ) Tj ET Q q 0 0 0 rg BT 385.22 685.60 Td (For ) Tj ET Q q 0 0 0 rg BT 398.86 685.60 Td (the ) Tj ET Q q 0 0 0 rg BT 411.62 685.60 Td (avoidance ) Tj ET Q q 0 0 0 rg BT 449.73 685.60 Td (of ) Tj ET Q q 0 0 0 rg BT 458.05 685.60 Td (doubt, ) Tj ET Q q 0 0 0 rg BT 481.93 685.60 Td (the ) Tj ET Q q 0 0 0 rg BT 494.69 685.60 Td (merger ) Tj ET Q q 0 0 0 rg BT 521.67 685.60 Td (of ) Tj ET Q q 0 0 0 rg BT 529.99 685.60 Td (Greenhill ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 676.00 Td (Cogent ) Tj ET Q q 0 0 0 rg BT 78.02 676.00 Td (Holdings, ) Tj ET Q q 0 0 0 rg BT 113.59 676.00 Td (L.P) Tj ET Q q 0 0 0 rg BT 124.57 676.00 Td (. ) Tj ET Q q 0 0 0 rg BT 129.02 676.00 Td (and/or ) Tj ET Q q 0 0 0 rg BT 153.92 676.00 Td (Greenhill ) Tj ET Q q 0 0 0 rg BT 188.16 676.00 Td (Cogent, ) Tj ET Q q 0 0 0 rg BT 218.40 676.00 Td (LP) Tj ET Q q 0 0 0 rg BT 228.04 676.00 Td ( ) Tj ET Q q 0 0 0 rg BT 230.27 676.00 Td (with ) Tj ET Q q 0 0 0 rg BT 246.71 676.00 Td (and ) Tj ET Q q 0 0 0 rg BT 262.29 676.00 Td (into ) Tj ET Q q 0 0 0 rg BT 277.41 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 290.75 676.00 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 316.98 676.00 Td (is ) Tj ET Q q 0 0 0 rg BT 324.98 676.00 Td (permitted.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 656.80 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 656.80 Td (4.9 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 655.532421875 m 197.6337890625 655.532421875 l s q 0 0 0 rg BT 122.00 656.80 Td (Further ) Tj ET Q q 0 0 0 rg BT 152.27 656.80 Td (Assurances) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 197.63 656.80 Td (. ) Tj ET Q q 0 0 0 rg BT 202.48 656.80 Td ( ) Tj ET Q q 0 0 0 rg BT 205.11 656.80 Td (Upon ) Tj ET Q q 0 0 0 rg BT 226.86 656.80 Td (Lender) Tj ET Q q 0 0 0 rg BT 252.06 656.80 Td () Tj ET Q q 0 0 0 rg BT 253.70 656.80 Td (s ) Tj ET Q q 0 0 0 rg BT 260.32 656.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 302.53 656.80 Td (request, ) Tj ET Q q 0 0 0 rg BT 334.07 656.80 Td (Debtor) Tj ET Q q 0 0 0 rg BT 357.64 656.80 Td (, ) Tj ET Q q 0 0 0 rg BT 362.48 656.80 Td (at ) Tj ET Q q 0 0 0 rg BT 371.78 656.80 Td (Debtor's ) Tj ET Q q 0 0 0 rg BT 403.95 656.80 Td (expense, ) Tj ET Q q 0 0 0 rg BT 439.04 656.80 Td (shall: ) Tj ET Q q 0 0 0 rg BT 460.34 656.80 Td ( ) Tj ET Q q 0 0 0 rg BT 462.97 656.80 Td (\(i\)execute ) Tj ET Q q 0 0 0 rg BT 502.94 656.80 Td (and ) Tj ET Q q 0 0 0 rg BT 518.91 656.80 Td (deliver ) Tj ET Q q 0 0 0 rg BT 545.11 656.80 Td (such ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 647.20 Td (further ) Tj ET Q q 0 0 0 rg BT 75.23 647.20 Td (documents ) Tj ET Q q 0 0 0 rg BT 116.47 647.20 Td (and ) Tj ET Q q 0 0 0 rg BT 131.92 647.20 Td (notices ) Tj ET Q q 0 0 0 rg BT 159.38 647.20 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 200.62 647.20 Td (satisfactory ) Tj ET Q q 0 0 0 rg BT 243.19 647.20 Td (to ) Tj ET Q q 0 0 0 rg BT 251.97 647.20 Td (Lender; ) Tj ET Q q 0 0 0 rg BT 281.21 647.20 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 292.20 647.20 Td (take ) Tj ET Q q 0 0 0 rg BT 309.43 647.20 Td (any ) Tj ET Q q 0 0 0 rg BT 324.43 647.20 Td (action ) Tj ET Q q 0 0 0 rg BT 347.89 647.20 Td (requested ) Tj ET Q q 0 0 0 rg BT 385.58 647.20 Td (by ) Tj ET Q q 0 0 0 rg BT 396.13 647.20 Td (Lender ) Tj ET Q q 0 0 0 rg BT 423.15 647.20 Td (to ) Tj ET Q q 0 0 0 rg BT 431.93 647.20 Td (carry ) Tj ET Q q 0 0 0 rg BT 451.81 647.20 Td (out ) Tj ET Q q 0 0 0 rg BT 465.04 647.20 Td (the ) Tj ET Q q 0 0 0 rg BT 478.27 647.20 Td (intent ) Tj ET Q q 0 0 0 rg BT 499.95 647.20 Td (of ) Tj ET Q q 0 0 0 rg BT 508.73 647.20 Td (this ) Tj ET Q q 0 0 0 rg BT 522.87 647.20 Td (Agreement ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 637.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.49 637.60 Td (the ) Tj ET Q q 0 0 0 rg BT 78.75 637.60 Td (other ) Tj ET Q q 0 0 0 rg BT 99.13 637.60 Td (Loan ) Tj ET Q q 0 0 0 rg BT 119.06 637.60 Td (Documents; ) Tj ET Q q 0 0 0 rg BT 163.89 637.60 Td (and ) Tj ET Q q 0 0 0 rg BT 179.38 637.60 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 192.18 637.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 220.56 637.60 Td (such ) Tj ET Q q 0 0 0 rg BT 239.60 637.60 Td (reports ) Tj ET Q q 0 0 0 rg BT 266.64 637.60 Td (and ) Tj ET Q q 0 0 0 rg BT 282.13 637.60 Td (information ) Tj ET Q q 0 0 0 rg BT 323.84 637.60 Td (available ) Tj ET Q q 0 0 0 rg BT 357.56 637.60 Td (to ) Tj ET Q q 0 0 0 rg BT 366.37 637.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 392.53 637.60 Td (concerning ) Tj ET Q q 0 0 0 rg BT 433.80 637.60 Td (the ) Tj ET Q q 0 0 0 rg BT 447.07 637.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 483.00 637.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 514.50 637.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 548.66 637.60 Td (and ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 628.00 Td (business ) Tj ET Q q 0 0 0 rg BT 83.80 628.00 Td (of ) Tj ET Q q 0 0 0 rg BT 92.69 628.00 Td (Debtor) Tj ET Q q 0 0 0 rg BT 116.26 628.00 Td (.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 284.85 608.80 Td (ARTICLE V) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 264.05 599.20 Td (EVENTS OF DEF) Tj ET Q q 0 0 0 rg BT 327.17 599.20 Td (AUL) Tj ET Q q 0 0 0 rg BT 343.02 599.20 Td (T) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 86.00 580.00 Td (The ) Tj ET Q q 0 0 0 rg BT 102.15 580.00 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 144.09 580.00 Td (of ) Tj ET Q q 0 0 0 rg BT 153.13 580.00 Td (any ) Tj ET Q q 0 0 0 rg BT 168.40 580.00 Td (one ) Tj ET Q q 0 0 0 rg BT 184.11 580.00 Td (or ) Tj ET Q q 0 0 0 rg BT 193.59 580.00 Td (more ) Tj ET Q q 0 0 0 rg BT 214.19 580.00 Td (of ) Tj ET Q q 0 0 0 rg BT 223.23 580.00 Td (the ) Tj ET Q q 0 0 0 rg BT 236.71 580.00 Td (following ) Tj ET Q q 0 0 0 rg BT 270.21 580.00 Td (events ) Tj ET Q q 0 0 0 rg BT 296.15 580.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 314.97 580.00 Td (constitute ) Tj ET Q q 0 0 0 rg BT 351.58 580.00 Td (an ) Tj ET Q q 0 0 0 rg BT 362.84 580.00 Td (Event ) Tj ET Q q 0 0 0 rg BT 388.33 580.00 Td (of ) Tj ET Q q 0 0 0 rg BT 397.37 580.00 Td (Default ) Tj ET Q q 0 0 0 rg BT 427.75 580.00 Td (under ) Tj ET Q q 0 0 0 rg BT 450.58 580.00 Td (this ) Tj ET Q q 0 0 0 rg BT 464.92 580.00 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 508.65 580.00 Td (at ) Tj ET Q q 0 0 0 rg BT 517.69 580.00 Td (the ) Tj ET Q q 0 0 0 rg BT 531.17 580.00 Td (option ) Tj ET Q q 0 0 0 rg BT 555.34 580.00 Td (of ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 570.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 77.13 570.40 Td (if ) Tj ET Q q 0 0 0 rg BT 83.36 570.40 Td (not ) Tj ET Q q 0 0 0 rg BT 96.70 570.40 Td (cured ) Tj ET Q q 0 0 0 rg BT 118.93 570.40 Td (or ) Tj ET Q q 0 0 0 rg BT 128.27 570.40 Td (waived ) Tj ET Q q 0 0 0 rg BT 155.39 570.40 Td (within ) Tj ET Q q 0 0 0 rg BT 178.07 570.40 Td (ten ) Tj ET Q q 0 0 0 rg BT 191.41 570.40 Td (\(10\) ) Tj ET Q q 0 0 0 rg BT 207.86 570.40 Td (days ) Tj ET Q q 0 0 0 rg BT 226.98 570.40 Td (of ) Tj ET Q q 0 0 0 rg BT 235.88 570.40 Td (such ) Tj ET Q q 0 0 0 rg BT 255.00 570.40 Td (event ) Tj ET Q q 0 0 0 rg BT 276.79 570.40 Td (\(except ) Tj ET Q q 0 0 0 rg BT 305.25 570.40 Td (that ) Tj ET Q q 0 0 0 rg BT 320.82 570.40 Td (such ) Tj ET Q q 0 0 0 rg BT 339.94 570.40 Td (10-day ) Tj ET Q q 0 0 0 rg BT 366.62 570.40 Td (period ) Tj ET Q q 0 0 0 rg BT 391.08 570.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 409.76 570.40 Td (not ) Tj ET Q q 0 0 0 rg BT 423.10 570.40 Td (apply ) Tj ET Q q 0 0 0 rg BT 444.45 570.40 Td (to ) Tj ET Q q 0 0 0 rg BT 453.34 570.40 Td (Sections ) Tj ET Q q 0 0 0 rg BT 486.25 570.40 Td (5.1, ) Tj ET Q q 0 0 0 rg BT 501.82 570.40 Td (5.4 ) Tj ET Q q 0 0 0 rg BT 515.16 570.40 Td (or ) Tj ET Q q 0 0 0 rg BT 524.50 570.40 Td (5.5\):) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 551.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 551.20 Td (5.1 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 549.932421875 m 149.125 549.932421875 l s q 0 0 0 rg BT 122.00 551.20 Td (Breach) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 149.13 551.20 Td (. ) Tj ET Q q 0 0 0 rg BT 154.37 551.20 Td ( ) Tj ET Q q 0 0 0 rg BT 157.20 551.20 Td (There ) Tj ET Q q 0 0 0 rg BT 181.13 551.20 Td (is ) Tj ET Q q 0 0 0 rg BT 189.93 551.20 Td (a ) Tj ET Q q 0 0 0 rg BT 197.41 551.20 Td (breach ) Tj ET Q q 0 0 0 rg BT 224.89 551.20 Td (of ) Tj ET Q q 0 0 0 rg BT 234.59 551.20 Td (any ) Tj ET Q q 0 0 0 rg BT 250.51 551.20 Td (provision ) Tj ET Q q 0 0 0 rg BT 285.56 551.20 Td (of ) Tj ET Q q 0 0 0 rg BT 295.25 551.20 Td (this ) Tj ET Q q 0 0 0 rg BT 310.13 551.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 352.29 551.20 Td (or ) Tj ET Q q 0 0 0 rg BT 362.43 551.20 Td (discovery ) Tj ET Q q 0 0 0 rg BT 399.24 551.20 Td (that ) Tj ET Q q 0 0 0 rg BT 415.61 551.20 Td (any ) Tj ET Q q 0 0 0 rg BT 431.53 551.20 Td (material ) Tj ET Q q 0 0 0 rg BT 463.01 551.20 Td (representations ) Tj ET Q q 0 0 0 rg BT 521.18 551.20 Td (or ) Tj ET Q q 0 0 0 rg BT 531.32 551.20 Td (warranty ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 541.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 83.15 541.60 Td (to ) Tj ET Q q 0 0 0 rg BT 92.29 541.60 Td (Lender ) Tj ET Q q 0 0 0 rg BT 119.67 541.60 Td (by) Tj ET Q q 0 0 0 rg BT 127.53 541.60 Td (, ) Tj ET Q q 0 0 0 rg BT 132.21 541.60 Td (or ) Tj ET Q q 0 0 0 rg BT 141.79 541.60 Td (on ) Tj ET Q q 0 0 0 rg BT 153.16 541.60 Td (behalf ) Tj ET Q q 0 0 0 rg BT 177.42 541.60 Td (of ) Tj ET Q q 0 0 0 rg BT 186.56 541.60 Td (Debtor) Tj ET Q q 0 0 0 rg BT 210.13 541.60 Td (, ) Tj ET Q q 0 0 0 rg BT 214.82 541.60 Td (was ) Tj ET Q q 0 0 0 rg BT 231.52 541.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 268.21 541.60 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 307.59 541.60 Td (at ) Tj ET Q q 0 0 0 rg BT 316.73 541.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.32 541.60 Td (time ) Tj ET Q q 0 0 0 rg BT 347.90 541.60 Td (given; ) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 371.71 541.60 Td (provided) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 402.40 541.60 Td ( ) Tj ET Q q 0 0 0 rg BT 404.87 541.60 Td (that ) Tj ET Q q 0 0 0 rg BT 420.68 541.60 Td (the ) Tj ET Q q 0 0 0 rg BT 434.26 541.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 460.74 541.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 479.66 541.60 Td (have ) Tj ET Q q 0 0 0 rg BT 499.48 541.60 Td (thirty ) Tj ET Q q 0 0 0 rg BT 519.28 541.60 Td (\(30\) ) Tj ET Q q 0 0 0 rg BT 535.97 541.60 Td (days ) Tj ET Q q 0 0 0 rg BT 555.34 541.60 Td (to ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 532.00 Td (cure ) Tj ET Q q 0 0 0 rg BT 67.57 532.00 Td (any ) Tj ET Q q 0 0 0 rg BT 82.47 532.00 Td (breach ) Tj ET Q q 0 0 0 rg BT 108.94 532.00 Td (of ) Tj ET Q q 0 0 0 rg BT 117.62 532.00 Td (Section ) Tj ET Q q 0 0 0 rg BT 146.30 532.00 Td (4.3, ) Tj ET Q q 0 0 0 rg BT 161.65 532.00 Td (4.4, ) Tj ET Q q 0 0 0 rg BT 177.00 532.00 Td (4.5 ) Tj ET Q q 0 0 0 rg BT 190.13 532.00 Td (and ) Tj ET Q q 0 0 0 rg BT 205.48 532.00 Td (4.7; ) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 220.83 532.00 Td (provided) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 251.52 532.00 Td ( ) Tj ET Q q 0 0 0 rg BT 253.52 532.00 Td (further ) Tj ET Q q 0 0 0 rg BT 278.65 532.00 Td (that ) Tj ET Q q 0 0 0 rg BT 294.00 532.00 Td (for ) Tj ET Q q 0 0 0 rg BT 305.34 532.00 Td (Section ) Tj ET Q q 0 0 0 rg BT 334.03 532.00 Td (4.4, ) Tj ET Q q 0 0 0 rg BT 349.38 532.00 Td (the ) Tj ET Q q 0 0 0 rg BT 362.51 532.00 Td (thirty ) Tj ET Q q 0 0 0 rg BT 381.85 532.00 Td (\(30\) ) Tj ET Q q 0 0 0 rg BT 398.08 532.00 Td (day ) Tj ET Q q 0 0 0 rg BT 412.98 532.00 Td (cure ) Tj ET Q q 0 0 0 rg BT 430.55 532.00 Td (period ) Tj ET Q q 0 0 0 rg BT 454.79 532.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 473.25 532.00 Td (commence ) Tj ET Q q 0 0 0 rg BT 514.38 532.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 534.19 532.00 Td (a ) Tj ET Q q 0 0 0 rg BT 540.64 532.00 Td (notice ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 522.40 Td (from ) Tj ET Q q 0 0 0 rg BT 68.22 522.40 Td (the ) Tj ET Q q 0 0 0 rg BT 81.57 522.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 108.70 522.40 Td (of ) Tj ET Q q 0 0 0 rg BT 117.59 522.40 Td (the ) Tj ET Q q 0 0 0 rg BT 130.94 522.40 Td (breach.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 503.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 503.20 Td (5.2 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 501.932421875 m 168.7431640625 501.932421875 l s q 0 0 0 rg BT 122.00 503.20 Td (Lien ) Tj ET Q q 0 0 0 rg BT 140.74 503.20 Td (Priority) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 168.74 503.20 Td (. ) Tj ET Q q 0 0 0 rg BT 173.26 503.20 Td ( ) Tj ET Q q 0 0 0 rg BT 175.55 503.20 Td (Lender ) Tj ET Q q 0 0 0 rg BT 202.75 503.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 221.49 503.20 Td (cease ) Tj ET Q q 0 0 0 rg BT 245.13 503.20 Td (to ) Tj ET Q q 0 0 0 rg BT 254.09 503.20 Td (have ) Tj ET Q q 0 0 0 rg BT 273.73 503.20 Td (a ) Tj ET Q q 0 0 0 rg BT 280.47 503.20 Td (valid ) Tj ET Q q 0 0 0 rg BT 299.21 503.20 Td (and ) Tj ET Q q 0 0 0 rg BT 314.85 503.20 Td (perfected ) Tj ET Q q 0 0 0 rg BT 350.49 503.20 Td (first ) Tj ET Q q 0 0 0 rg BT 365.67 503.20 Td (priority ) Tj ET Q q 0 0 0 rg BT 391.96 503.20 Td (lien ) Tj ET Q q 0 0 0 rg BT 406.71 503.20 Td (on ) Tj ET Q q 0 0 0 rg BT 417.89 503.20 Td (any ) Tj ET Q q 0 0 0 rg BT 433.08 503.20 Td (of ) Tj ET Q q 0 0 0 rg BT 442.04 503.20 Td (the ) Tj ET Q q 0 0 0 rg BT 455.46 503.20 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 491.54 503.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 519.18 503.20 Td (only ) Tj ET Q q 0 0 0 rg BT 536.14 503.20 Td (to ) Tj ET Q q 0 0 0 rg BT 545.10 503.20 Td (such ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 493.60 Td (Permitted ) Tj ET Q q 0 0 0 rg BT 86.46 493.60 Td (Liens, ) Tj ET Q q 0 0 0 rg BT 110.03 493.60 Td (except ) Tj ET Q q 0 0 0 rg BT 135.82 493.60 Td (for ) Tj ET Q q 0 0 0 rg BT 147.38 493.60 Td (any ) Tj ET Q q 0 0 0 rg BT 162.50 493.60 Td (lien ) Tj ET Q q 0 0 0 rg BT 177.18 493.60 Td (that ) Tj ET Q q 0 0 0 rg BT 192.74 493.60 Td (the ) Tj ET Q q 0 0 0 rg BT 206.09 493.60 Td (Lender ) Tj ET Q q 0 0 0 rg BT 233.22 493.60 Td (has ) Tj ET Q q 0 0 0 rg BT 248.34 493.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 275.47 493.60 Td (in ) Tj ET Q q 0 0 0 rg BT 283.92 493.60 Td (writing ) Tj ET Q q 0 0 0 rg BT 309.26 493.60 Td (will ) Tj ET Q q 0 0 0 rg BT 322.59 493.60 Td (be ) Tj ET Q q 0 0 0 rg BT 333.71 493.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 357.73 493.60 Td (to ) Tj ET Q q 0 0 0 rg BT 366.62 493.60 Td (Lender) Tj ET Q q 0 0 0 rg BT 391.83 493.60 Td () Tj ET Q q 0 0 0 rg BT 393.46 493.60 Td (s ) Tj ET Q q 0 0 0 rg BT 399.68 493.60 Td (lien.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 474.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 474.40 Td (5.3 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 473.132421875 m 197.578125 473.132421875 l s q 0 0 0 rg BT 122.00 474.40 Td (Material ) Tj ET Q q 0 0 0 rg BT 154.46 474.40 Td (Impairment) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 197.58 474.40 Td (. ) Tj ET Q q 0 0 0 rg BT 202.02 474.40 Td ( ) Tj ET Q q 0 0 0 rg BT 204.10 474.40 Td (There ) Tj ET Q q 0 0 0 rg BT 227.22 474.40 Td (is ) Tj ET Q q 0 0 0 rg BT 235.22 474.40 Td (a ) Tj ET Q q 0 0 0 rg BT 241.89 474.40 Td (material ) Tj ET Q q 0 0 0 rg BT 272.57 474.40 Td (impairment ) Tj ET Q q 0 0 0 rg BT 314.36 474.40 Td (of ) Tj ET Q q 0 0 0 rg BT 323.25 474.40 Td (the ) Tj ET Q q 0 0 0 rg BT 336.60 474.40 Td (value ) Tj ET Q q 0 0 0 rg BT 357.95 474.40 Td (of ) Tj ET Q q 0 0 0 rg BT 366.84 474.40 Td (the ) Tj ET Q q 0 0 0 rg BT 380.18 474.40 Td (Collateral. ) Tj ET Q q 0 0 0 rg BT 418.42 474.40 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 455.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 455.20 Td (5.4 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 453.932421875 m 198.3779296875 453.932421875 l s q 0 0 0 rg BT 122.00 455.20 Td (Seizure ) Tj ET Q q 0 0 0 rg BT 152.41 455.20 Td (of ) Tj ET Q q 0 0 0 rg BT 161.92 455.20 Td (Collateral) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 198.38 455.20 Td (. ) Tj ET Q q 0 0 0 rg BT 202.56 455.20 Td ( ) Tj ET Q q 0 0 0 rg BT 204.13 455.20 Td (Any ) Tj ET Q q 0 0 0 rg BT 219.87 455.20 Td (portion ) Tj ET Q q 0 0 0 rg BT 246.28 455.20 Td (of ) Tj ET Q q 0 0 0 rg BT 254.91 455.20 Td (the ) Tj ET Q q 0 0 0 rg BT 267.99 455.20 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 303.74 455.20 Td (is ) Tj ET Q q 0 0 0 rg BT 311.47 455.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 338.78 455.20 Td (to ) Tj ET Q q 0 0 0 rg BT 347.41 455.20 Td (attachment, ) Tj ET Q q 0 0 0 rg BT 391.16 455.20 Td (seizure ) Tj ET Q q 0 0 0 rg BT 418.91 455.20 Td (or ) Tj ET Q q 0 0 0 rg BT 427.98 455.20 Td (is ) Tj ET Q q 0 0 0 rg BT 435.71 455.20 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 471.91 455.20 Td (levied ) Tj ET Q q 0 0 0 rg BT 494.77 455.20 Td (upon ) Tj ET Q q 0 0 0 rg BT 514.52 455.20 Td (or ) Tj ET Q q 0 0 0 rg BT 523.59 455.20 Td (comes ) Tj ET Q q 0 0 0 rg BT 549.11 455.20 Td (into ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 445.60 Td (possession ) Tj ET Q q 0 0 0 rg BT 92.34 445.60 Td (of ) Tj ET Q q 0 0 0 rg BT 101.32 445.60 Td (any ) Tj ET Q q 0 0 0 rg BT 116.54 445.60 Td (Judicial ) Tj ET Q q 0 0 0 rg BT 145.53 445.60 Td (Of) Tj ET Q q 0 0 0 rg BT 153.83 445.60 Td (ficer ) Tj ET Q q 0 0 0 rg BT 171.26 445.60 Td (or ) Tj ET Q q 0 0 0 rg BT 180.23 445.60 Td (Assignee; ) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 217.67 445.60 Td (provided) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 248.36 445.60 Td (, ) Tj ET Q q 0 0 0 rg BT 252.90 445.60 Td (however ) Tj ET Q q 0 0 0 rg BT 285.45 445.60 Td (that ) Tj ET Q q 0 0 0 rg BT 301.11 445.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 327.43 445.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 346.20 445.60 Td (have ) Tj ET Q q 0 0 0 rg BT 365.86 445.60 Td (ten ) Tj ET Q q 0 0 0 rg BT 379.30 445.60 Td (\(10\) ) Tj ET Q q 0 0 0 rg BT 395.84 445.60 Td (days ) Tj ET Q q 0 0 0 rg BT 415.05 445.60 Td (to ) Tj ET Q q 0 0 0 rg BT 424.03 445.60 Td (post ) Tj ET Q q 0 0 0 rg BT 441.47 445.60 Td (a ) Tj ET Q q 0 0 0 rg BT 448.23 445.60 Td (bond ) Tj ET Q q 0 0 0 rg BT 468.34 445.60 Td (to ) Tj ET Q q 0 0 0 rg BT 477.33 445.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 500.99 445.60 Td (such ) Tj ET Q q 0 0 0 rg BT 520.20 445.60 Td (attachment, ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 436.00 Td (seizure ) Tj ET Q q 0 0 0 rg BT 78.01 436.00 Td (or ) Tj ET Q q 0 0 0 rg BT 87.35 436.00 Td (levy ) Tj ET Q q 0 0 0 rg BT 103.80 436.00 Td (to ) Tj ET Q q 0 0 0 rg BT 112.69 436.00 Td (be ) Tj ET Q q 0 0 0 rg BT 123.81 436.00 Td (fully ) Tj ET Q q 0 0 0 rg BT 140.26 436.00 Td (released ) Tj ET Q q 0 0 0 rg BT 173.17 436.00 Td (or ) Tj ET Q q 0 0 0 rg BT 182.51 436.00 Td (removed ) Tj ET Q q 0 0 0 rg BT 215.86 436.00 Td (after ) Tj ET Q q 0 0 0 rg BT 234.09 436.00 Td (the ) Tj ET Q q 0 0 0 rg BT 247.43 436.00 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 289.23 436.00 Td (of ) Tj ET Q q 0 0 0 rg BT 298.12 436.00 Td (such ) Tj ET Q q 0 0 0 rg BT 317.24 436.00 Td (event.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 416.80 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 416.80 Td (5.5 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 415.532421875 m 220.978515625 415.532421875 l s q 0 0 0 rg BT 122.00 416.80 Td (Insolvency ) Tj ET Q q 0 0 0 rg BT 166.36 416.80 Td (or ) Tj ET Q q 0 0 0 rg BT 176.97 416.80 Td (Attachment) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 220.98 416.80 Td (. ) Tj ET Q q 0 0 0 rg BT 226.21 416.80 Td ( ) Tj ET Q q 0 0 0 rg BT 229.23 416.80 Td (If ) Tj ET Q q 0 0 0 rg BT 236.68 416.80 Td (Debtor: ) Tj ET Q q 0 0 0 rg BT 265.93 416.80 Td ( ) Tj ET Q q 0 0 0 rg BT 268.94 416.80 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 279.06 416.80 Td (commences ) Tj ET Q q 0 0 0 rg BT 325.20 416.80 Td (dissolution ) Tj ET Q q 0 0 0 rg BT 366.01 416.80 Td (or ) Tj ET Q q 0 0 0 rg BT 376.14 416.80 Td (termination ) Tj ET Q q 0 0 0 rg BT 418.73 416.80 Td (of ) Tj ET Q q 0 0 0 rg BT 428.41 416.80 Td (its ) Tj ET Q q 0 0 0 rg BT 439.42 416.80 Td (business; ) Tj ET Q q 0 0 0 rg BT 476.23 416.80 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 488.13 416.80 Td (is ) Tj ET Q q 0 0 0 rg BT 496.92 416.80 Td (the ) Tj ET Q q 0 0 0 rg BT 511.05 416.80 Td (subject ) Tj ET Q q 0 0 0 rg BT 539.41 416.80 Td (of ) Tj ET Q q 0 0 0 rg BT 549.10 416.80 Td (any ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 407.20 Td (voluntary ) Tj ET Q q 0 0 0 rg BT 83.86 407.20 Td (or ) Tj ET Q q 0 0 0 rg BT 92.38 407.20 Td (involuntary ) Tj ET Q q 0 0 0 rg BT 132.46 407.20 Td (Insolvency ) Tj ET Q q 0 0 0 rg BT 171.66 407.20 Td (Proceeding; ) Tj ET Q q 0 0 0 rg BT 215.76 407.20 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 227.82 407.20 Td (is ) Tj ET Q q 0 0 0 rg BT 235.00 407.20 Td (the ) Tj ET Q q 0 0 0 rg BT 247.52 407.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 274.27 407.20 Td (of ) Tj ET Q q 0 0 0 rg BT 282.34 407.20 Td (any ) Tj ET Q q 0 0 0 rg BT 296.64 407.20 Td (involuntary ) Tj ET Q q 0 0 0 rg BT 336.73 407.20 Td (lien; ) Tj ET Q q 0 0 0 rg BT 352.81 407.20 Td (or ) Tj ET Q q 0 0 0 rg BT 361.32 407.20 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 373.83 407.20 Td (is ) Tj ET Q q 0 0 0 rg BT 381.00 407.20 Td (the ) Tj ET Q q 0 0 0 rg BT 393.53 407.20 Td (subject ) Tj ET Q q 0 0 0 rg BT 420.27 407.20 Td (of ) Tj ET Q q 0 0 0 rg BT 428.35 407.20 Td (any ) Tj ET Q q 0 0 0 rg BT 442.65 407.20 Td (receivership ) Tj ET Q q 0 0 0 rg BT 487.18 407.20 Td (or ) Tj ET Q q 0 0 0 rg BT 495.69 407.20 Td (similar ) Tj ET Q q 0 0 0 rg BT 520.20 407.20 Td (proceeding;) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 562.01 407.20 Td ( ) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 50.00 397.60 Td (provided) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 80.69 397.60 Td (, ) Tj ET Q q 0 0 0 rg BT 85.38 397.60 Td (however) Tj ET Q q 0 0 0 rg BT 115.17 397.60 Td (, ) Tj ET Q q 0 0 0 rg BT 119.86 397.60 Td (that ) Tj ET Q q 0 0 0 rg BT 135.67 397.60 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 170.59 397.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 189.51 397.60 Td (have ) Tj ET Q q 0 0 0 rg BT 209.32 397.60 Td (sixty ) Tj ET Q q 0 0 0 rg BT 227.79 397.60 Td (\(60\) ) Tj ET Q q 0 0 0 rg BT 244.48 397.60 Td (days ) Tj ET Q q 0 0 0 rg BT 263.84 397.60 Td (within ) Tj ET Q q 0 0 0 rg BT 286.76 397.60 Td (which ) Tj ET Q q 0 0 0 rg BT 309.68 397.60 Td (to ) Tj ET Q q 0 0 0 rg BT 318.82 397.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 342.63 397.60 Td (\(x\) ) Tj ET Q q 0 0 0 rg BT 354.43 397.60 Td (any ) Tj ET Q q 0 0 0 rg BT 369.79 397.60 Td (involuntary ) Tj ET Q q 0 0 0 rg BT 410.95 397.60 Td (Insolvency ) Tj ET Q q 0 0 0 rg BT 451.21 397.60 Td (Proceeding ) Tj ET Q q 0 0 0 rg BT 494.15 397.60 Td (to ) Tj ET Q q 0 0 0 rg BT 503.28 397.60 Td (be ) Tj ET Q q 0 0 0 rg BT 514.65 397.60 Td (dismissed ) Tj ET Q q 0 0 0 rg BT 552.68 397.60 Td (\(y\) ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 388.00 Td (the ) Tj ET Q q 0 0 0 rg BT 63.55 388.00 Td (involuntary ) Tj ET Q q 0 0 0 rg BT 104.67 388.00 Td (appointment ) Tj ET Q q 0 0 0 rg BT 151.14 388.00 Td (of ) Tj ET Q q 0 0 0 rg BT 160.24 388.00 Td (any ) Tj ET Q q 0 0 0 rg BT 175.57 388.00 Td (receiver) Tj ET Q q 0 0 0 rg BT 203.58 388.00 Td (, ) Tj ET Q q 0 0 0 rg BT 208.24 388.00 Td (liquidator) Tj ET Q q 0 0 0 rg BT 240.26 388.00 Td (, ) Tj ET Q q 0 0 0 rg BT 244.92 388.00 Td (trustee, ) Tj ET Q q 0 0 0 rg BT 274.03 388.00 Td (custodian ) Tj ET Q q 0 0 0 rg BT 310.71 388.00 Td (or ) Tj ET Q q 0 0 0 rg BT 320.25 388.00 Td (sequestrator ) Tj ET Q q 0 0 0 rg BT 367.15 388.00 Td (to ) Tj ET Q q 0 0 0 rg BT 376.26 388.00 Td (be ) Tj ET Q q 0 0 0 rg BT 387.59 388.00 Td (discharged ) Tj ET Q q 0 0 0 rg BT 429.16 388.00 Td (or ) Tj ET Q q 0 0 0 rg BT 438.70 388.00 Td (\(z\) ) Tj ET Q q 0 0 0 rg BT 450.46 388.00 Td (such ) Tj ET Q q 0 0 0 rg BT 469.79 388.00 Td (lien ) Tj ET Q q 0 0 0 rg BT 484.68 388.00 Td (to ) Tj ET Q q 0 0 0 rg BT 493.78 388.00 Td (be ) Tj ET Q q 0 0 0 rg BT 505.11 388.00 Td (fully ) Tj ET Q q 0 0 0 rg BT 521.77 388.00 Td (released ) Tj ET Q q 0 0 0 rg BT 554.89 388.00 Td (or ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 378.40 Td (removed ) Tj ET Q q 0 0 0 rg BT 83.35 378.40 Td (after ) Tj ET Q q 0 0 0 rg BT 101.58 378.40 Td (the ) Tj ET Q q 0 0 0 rg BT 114.92 378.40 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 156.72 378.40 Td (of ) Tj ET Q q 0 0 0 rg BT 165.61 378.40 Td (such ) Tj ET Q q 0 0 0 rg BT 184.73 378.40 Td (event.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 359.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 359.20 Td (5.6 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 357.932421875 m 270 357.932421875 l s q 0 0 0 rg BT 122.00 359.20 Td (Cross-Default ) Tj ET Q q 0 0 0 rg BT 177.71 359.20 Td (Under ) Tj ET Q q 0 0 0 rg BT 204.07 359.20 Td (Loan ) Tj ET Q q 0 0 0 rg BT 226.44 359.20 Td (Documents) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 270.00 359.20 Td (. ) Tj ET Q q 0 0 0 rg BT 275.48 359.20 Td ( ) Tj ET Q q 0 0 0 rg BT 278.52 359.20 Td (There ) Tj ET Q q 0 0 0 rg BT 302.67 359.20 Td (is ) Tj ET Q q 0 0 0 rg BT 311.70 359.20 Td (an ) Tj ET Q q 0 0 0 rg BT 323.85 359.20 Td (Event ) Tj ET Q q 0 0 0 rg BT 347.57 359.20 Td (of ) Tj ET Q q 0 0 0 rg BT 357.49 359.20 Td (Default ) Tj ET Q q 0 0 0 rg BT 386.09 359.20 Td (which ) Tj ET Q q 0 0 0 rg BT 409.80 359.20 Td (is ) Tj ET Q q 0 0 0 rg BT 418.83 359.20 Td (continuing ) Tj ET Q q 0 0 0 rg BT 458.56 359.20 Td (under ) Tj ET Q q 0 0 0 rg BT 482.27 359.20 Td (any ) Tj ET Q q 0 0 0 rg BT 498.42 359.20 Td (of ) Tj ET Q q 0 0 0 rg BT 508.35 359.20 Td (the ) Tj ET Q q 0 0 0 rg BT 522.73 359.20 Td (other ) Tj ET Q q 0 0 0 rg BT 544.21 359.20 Td (Loan ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 349.60 Td (Documents.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 283.75 330.40 Td (ARTICLE VI) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 219.85 320.80 Td (LENDER'S RIGHTS ) Tj ET Q q 0 0 0 rg BT 294.35 320.80 Td (AND REMEDIES; W) Tj ET Q q 0 0 0 rg BT 367.69 320.80 Td (AIVER) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 301.60 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 301.60 Td (6.1 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 300.332421875 m 159.796875 300.332421875 l s q 0 0 0 rg BT 122.00 301.60 Td (Remedies) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 159.80 301.60 Td (. ) Tj ET Q q 0 0 0 rg BT 164.04 301.60 Td ( ) Tj ET Q q 0 0 0 rg BT 166.06 301.60 Td (If ) Tj ET Q q 0 0 0 rg BT 172.52 301.60 Td (an ) Tj ET Q q 0 0 0 rg BT 183.44 301.60 Td (Event ) Tj ET Q q 0 0 0 rg BT 205.91 301.60 Td (of ) Tj ET Q q 0 0 0 rg BT 214.60 301.60 Td (Default ) Tj ET Q q 0 0 0 rg BT 241.97 301.60 Td (occurs ) Tj ET Q q 0 0 0 rg BT 267.55 301.60 Td (that ) Tj ET Q q 0 0 0 rg BT 282.91 301.60 Td (is ) Tj ET Q q 0 0 0 rg BT 290.71 301.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 329.20 301.60 Td (and ) Tj ET Q q 0 0 0 rg BT 344.57 301.60 Td (is ) Tj ET Q q 0 0 0 rg BT 352.36 301.60 Td (not ) Tj ET Q q 0 0 0 rg BT 365.50 301.60 Td (cured ) Tj ET Q q 0 0 0 rg BT 387.53 301.60 Td (by ) Tj ET Q q 0 0 0 rg BT 398.00 301.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 424.03 301.60 Td (or ) Tj ET Q q 0 0 0 rg BT 433.16 301.60 Td (waived ) Tj ET Q q 0 0 0 rg BT 460.08 301.60 Td (by ) Tj ET Q q 0 0 0 rg BT 470.55 301.60 Td (Lender) Tj ET Q q 0 0 0 rg BT 495.02 301.60 Td (, ) Tj ET Q q 0 0 0 rg BT 499.26 301.60 Td (Lender ) Tj ET Q q 0 0 0 rg BT 526.19 301.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 544.66 301.60 Td (have ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 292.00 Td (all ) Tj ET Q q 0 0 0 rg BT 60.45 292.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 82.47 292.00 Td (and ) Tj ET Q q 0 0 0 rg BT 98.26 292.00 Td (remedies ) Tj ET Q q 0 0 0 rg BT 133.62 292.00 Td (of ) Tj ET Q q 0 0 0 rg BT 142.74 292.00 Td (a ) Tj ET Q q 0 0 0 rg BT 149.64 292.00 Td (secured ) Tj ET Q q 0 0 0 rg BT 180.55 292.00 Td (party ) Tj ET Q q 0 0 0 rg BT 200.78 292.00 Td (under ) Tj ET Q q 0 0 0 rg BT 223.69 292.00 Td (the ) Tj ET Q q 0 0 0 rg BT 237.26 292.00 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 282.38 292.00 Td (Code ) Tj ET Q q 0 0 0 rg BT 303.96 292.00 Td (and ) Tj ET Q q 0 0 0 rg BT 319.76 292.00 Td (as ) Tj ET Q q 0 0 0 rg BT 330.66 292.00 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 367.34 292.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 400.48 292.00 Td (at ) Tj ET Q q 0 0 0 rg BT 409.60 292.00 Td (law ) Tj ET Q q 0 0 0 rg BT 424.06 292.00 Td (or ) Tj ET Q q 0 0 0 rg BT 433.62 292.00 Td (in ) Tj ET Q q 0 0 0 rg BT 442.29 292.00 Td (equity) Tj ET Q q 0 0 0 rg BT 463.05 292.00 Td (. ) Tj ET Q q 0 0 0 rg BT 467.72 292.00 Td ( ) Tj ET Q q 0 0 0 rg BT 470.17 292.00 Td (Lender ) Tj ET Q q 0 0 0 rg BT 497.53 292.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 516.43 292.00 Td (provide ) Tj ET Q q 0 0 0 rg BT 545.12 292.00 Td (such ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 282.40 Td (notices ) Tj ET Q q 0 0 0 rg BT 77.19 282.40 Td (as ) Tj ET Q q 0 0 0 rg BT 87.48 282.40 Td (are ) Tj ET Q q 0 0 0 rg BT 100.88 282.40 Td (required ) Tj ET Q q 0 0 0 rg BT 132.08 282.40 Td (under ) Tj ET Q q 0 0 0 rg BT 154.38 282.40 Td (the ) Tj ET Q q 0 0 0 rg BT 167.34 282.40 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 211.86 282.40 Td (Code. ) Tj ET Q q 0 0 0 rg BT 235.05 282.40 Td ( ) Tj ET Q q 0 0 0 rg BT 236.89 282.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 263.64 282.40 Td (may ) Tj ET Q q 0 0 0 rg BT 280.60 282.40 Td (dispose ) Tj ET Q q 0 0 0 rg BT 310.01 282.40 Td (of ) Tj ET Q q 0 0 0 rg BT 318.53 282.40 Td (any ) Tj ET Q q 0 0 0 rg BT 333.27 282.40 Td (item ) Tj ET Q q 0 0 0 rg BT 350.22 282.40 Td (of ) Tj ET Q q 0 0 0 rg BT 358.73 282.40 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 394.37 282.40 Td (in ) Tj ET Q q 0 0 0 rg BT 402.44 282.40 Td (a ) Tj ET Q q 0 0 0 rg BT 408.73 282.40 Td (manner ) Tj ET Q q 0 0 0 rg BT 437.70 282.40 Td (permitted ) Tj ET Q q 0 0 0 rg BT 472.88 282.40 Td (by ) Tj ET Q q 0 0 0 rg BT 483.18 282.40 Td (the ) Tj ET Q q 0 0 0 rg BT 496.14 282.40 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 540.65 282.40 Td (Code. ) Tj ET Q q 0 0 0 rg BT 564.22 282.40 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 272.80 Td (All ) Tj ET Q q 0 0 0 rg BT 61.24 272.80 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 96.50 272.80 Td (from ) Tj ET Q q 0 0 0 rg BT 114.86 272.80 Td (the ) Tj ET Q q 0 0 0 rg BT 128.33 272.80 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 164.47 272.80 Td (shall ) Tj ET Q q 0 0 0 rg BT 183.28 272.80 Td (be ) Tj ET Q q 0 0 0 rg BT 194.53 272.80 Td (applied ) Tj ET Q q 0 0 0 rg BT 222.68 272.80 Td (or ) Tj ET Q q 0 0 0 rg BT 232.14 272.80 Td (disbursed ) Tj ET Q q 0 0 0 rg BT 269.18 272.80 Td (as ) Tj ET Q q 0 0 0 rg BT 279.98 272.80 Td (permitted ) Tj ET Q q 0 0 0 rg BT 315.68 272.80 Td (under ) Tj ET Q q 0 0 0 rg BT 338.50 272.80 Td (the ) Tj ET Q q 0 0 0 rg BT 351.97 272.80 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 396.99 272.80 Td (Code ) Tj ET Q q 0 0 0 rg BT 418.47 272.80 Td (to ) Tj ET Q q 0 0 0 rg BT 427.49 272.80 Td (the ) Tj ET Q q 0 0 0 rg BT 440.96 272.80 Td (Secured ) Tj ET Q q 0 0 0 rg BT 473.11 272.80 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 515.49 272.80 Td (in ) Tj ET Q q 0 0 0 rg BT 524.07 272.80 Td (such ) Tj ET Q q 0 0 0 rg BT 543.32 272.80 Td (order ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 263.20 Td (as ) Tj ET Q q 0 0 0 rg BT 60.67 263.20 Td (Lender ) Tj ET Q q 0 0 0 rg BT 87.80 263.20 Td (should ) Tj ET Q q 0 0 0 rg BT 113.60 263.20 Td (decide.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 244.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 244.00 Td (6.2 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 242.732421875 m 191.9697265625 242.732421875 l s q 0 0 0 rg BT 122.00 244.00 Td (Rights ) Tj ET Q q 0 0 0 rg BT 148.98 244.00 Td (to ) Tj ET Q q 0 0 0 rg BT 158.62 244.00 Td (Payment) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 191.97 244.00 Td (. ) Tj ET Q q 0 0 0 rg BT 196.28 244.00 Td ( ) Tj ET Q q 0 0 0 rg BT 198.38 244.00 Td (Without ) Tj ET Q q 0 0 0 rg BT 227.59 244.00 Td (limiting ) Tj ET Q q 0 0 0 rg BT 254.58 244.00 Td (the ) Tj ET Q q 0 0 0 rg BT 267.79 244.00 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 305.46 244.00 Td (if ) Tj ET Q q 0 0 0 rg BT 311.56 244.00 Td (an ) Tj ET Q q 0 0 0 rg BT 322.55 244.00 Td (Event ) Tj ET Q q 0 0 0 rg BT 345.10 244.00 Td (of ) Tj ET Q q 0 0 0 rg BT 353.86 244.00 Td (Default ) Tj ET Q q 0 0 0 rg BT 381.30 244.00 Td (occurs ) Tj ET Q q 0 0 0 rg BT 406.96 244.00 Td (that ) Tj ET Q q 0 0 0 rg BT 422.39 244.00 Td (is ) Tj ET Q q 0 0 0 rg BT 430.26 244.00 Td (continuing ) Tj ET Q q 0 0 0 rg BT 468.83 244.00 Td (and ) Tj ET Q q 0 0 0 rg BT 484.27 244.00 Td (is ) Tj ET Q q 0 0 0 rg BT 492.14 244.00 Td (not ) Tj ET Q q 0 0 0 rg BT 505.35 244.00 Td (cured ) Tj ET Q q 0 0 0 rg BT 527.45 244.00 Td (by ) Tj ET Q q 0 0 0 rg BT 538.00 244.00 Td (Debtor ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 234.40 Td (or ) Tj ET Q q 0 0 0 rg BT 59.56 234.40 Td (waived ) Tj ET Q q 0 0 0 rg BT 86.90 234.40 Td (by ) Tj ET Q q 0 0 0 rg BT 97.79 234.40 Td (Lender) Tj ET Q q 0 0 0 rg BT 122.26 234.40 Td (, ) Tj ET Q q 0 0 0 rg BT 126.93 234.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 154.28 234.40 Td (may ) Tj ET Q q 0 0 0 rg BT 171.84 234.40 Td (settle ) Tj ET Q q 0 0 0 rg BT 193.40 234.40 Td (or ) Tj ET Q q 0 0 0 rg BT 202.96 234.40 Td (adjust ) Tj ET Q q 0 0 0 rg BT 226.75 234.40 Td (disputes ) Tj ET Q q 0 0 0 rg BT 258.99 234.40 Td (and ) Tj ET Q q 0 0 0 rg BT 274.78 234.40 Td (claims ) Tj ET Q q 0 0 0 rg BT 299.89 234.40 Td (directly ) Tj ET Q q 0 0 0 rg BT 327.67 234.40 Td (with ) Tj ET Q q 0 0 0 rg BT 344.34 234.40 Td (the ) Tj ET Q q 0 0 0 rg BT 357.90 234.40 Td (obligors ) Tj ET Q q 0 0 0 rg BT 388.36 234.40 Td (and ) Tj ET Q q 0 0 0 rg BT 404.15 234.40 Td (compromise ) Tj ET Q q 0 0 0 rg BT 450.16 234.40 Td (any ) Tj ET Q q 0 0 0 rg BT 465.50 234.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 506.20 234.40 Td (on ) Tj ET Q q 0 0 0 rg BT 517.54 234.40 Td (terms ) Tj ET Q q 0 0 0 rg BT 539.98 234.40 Td (and ) Tj ET Q q 0 0 0 rg BT 555.77 234.40 Td (in ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 224.80 Td (any ) Tj ET Q q 0 0 0 rg BT 65.12 224.80 Td (order ) Tj ET Q q 0 0 0 rg BT 86.02 224.80 Td (which ) Tj ET Q q 0 0 0 rg BT 108.70 224.80 Td (the ) Tj ET Q q 0 0 0 rg BT 122.04 224.80 Td (Lender ) Tj ET Q q 0 0 0 rg BT 149.17 224.80 Td (considers ) Tj ET Q q 0 0 0 rg BT 185.63 224.80 Td (advisable.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 205.60 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 205.60 Td (6.3 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 204.33242187500002 m 152.38671875 204.33242187500002 l s q 0 0 0 rg BT 122.00 205.60 Td (W) Tj ET Q q 0 0 0 rg BT 129.25 205.60 Td (aivers) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 152.39 205.60 Td (. ) Tj ET Q q 0 0 0 rg BT 156.67 205.60 Td ( ) Tj ET Q q 0 0 0 rg BT 158.74 205.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 184.81 205.60 Td (hereby ) Tj ET Q q 0 0 0 rg BT 211.34 205.60 Td (waives ) Tj ET Q q 0 0 0 rg BT 237.85 205.60 Td (the ) Tj ET Q q 0 0 0 rg BT 251.04 205.60 Td (following ) Tj ET Q q 0 0 0 rg BT 284.23 205.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 305.86 205.60 Td (if ) Tj ET Q q 0 0 0 rg BT 311.92 205.60 Td (an ) Tj ET Q q 0 0 0 rg BT 322.89 205.60 Td (Event ) Tj ET Q q 0 0 0 rg BT 345.41 205.60 Td (of ) Tj ET Q q 0 0 0 rg BT 354.14 205.60 Td (Default ) Tj ET Q q 0 0 0 rg BT 381.55 205.60 Td (occurs ) Tj ET Q q 0 0 0 rg BT 407.18 205.60 Td (that ) Tj ET Q q 0 0 0 rg BT 422.59 205.60 Td (is ) Tj ET Q q 0 0 0 rg BT 430.43 205.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 468.97 205.60 Td (and ) Tj ET Q q 0 0 0 rg BT 484.38 205.60 Td (is ) Tj ET Q q 0 0 0 rg BT 492.22 205.60 Td (not ) Tj ET Q q 0 0 0 rg BT 505.40 205.60 Td (cured ) Tj ET Q q 0 0 0 rg BT 527.48 205.60 Td (by ) Tj ET Q q 0 0 0 rg BT 537.99 205.60 Td (Debtor ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 196.00 Td (or ) Tj ET Q q 0 0 0 rg BT 60.03 196.00 Td (waived ) Tj ET Q q 0 0 0 rg BT 87.85 196.00 Td (by ) Tj ET Q q 0 0 0 rg BT 99.21 196.00 Td (Lender) Tj ET Q q 0 0 0 rg BT 123.68 196.00 Td (,: ) Tj ET Q q 0 0 0 rg BT 131.04 196.00 Td ( ) Tj ET Q q 0 0 0 rg BT 133.96 196.00 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 143.98 196.00 Td (all ) Tj ET Q q 0 0 0 rg BT 154.90 196.00 Td (rights, ) Tj ET Q q 0 0 0 rg BT 179.60 196.00 Td (remedies ) Tj ET Q q 0 0 0 rg BT 215.42 196.00 Td (and ) Tj ET Q q 0 0 0 rg BT 231.68 196.00 Td (benefits ) Tj ET Q q 0 0 0 rg BT 262.62 196.00 Td (under ) Tj ET Q q 0 0 0 rg BT 286.00 196.00 Td (California ) Tj ET Q q 0 0 0 rg BT 322.71 196.00 Td (Civil ) Tj ET Q q 0 0 0 rg BT 340.73 196.00 Td (Code ) Tj ET Q q 0 0 0 rg BT 362.77 196.00 Td (Sections ) Tj ET Q q 0 0 0 rg BT 396.37 196.00 Td (1479 ) Tj ET Q q 0 0 0 rg BT 417.08 196.00 Td (and ) Tj ET Q q 0 0 0 rg BT 433.35 196.00 Td (2822\(a\); ) Tj ET Q q 0 0 0 rg BT 466.06 196.00 Td (and ) Tj ET Q q 0 0 0 rg BT 482.32 196.00 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 494.12 196.00 Td (all ) Tj ET Q q 0 0 0 rg BT 505.04 196.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 527.52 196.00 Td (to ) Tj ET Q q 0 0 0 rg BT 537.11 196.00 Td (require ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 186.40 Td (marshalling ) Tj ET Q q 0 0 0 rg BT 93.14 186.40 Td (of ) Tj ET Q q 0 0 0 rg BT 102.04 186.40 Td (assets ) Tj ET Q q 0 0 0 rg BT 127.39 186.40 Td (or ) Tj ET Q q 0 0 0 rg BT 136.73 186.40 Td (liens ) Tj ET Q q 0 0 0 rg BT 155.42 186.40 Td (or ) Tj ET Q q 0 0 0 rg BT 164.76 186.40 Td (all ) Tj ET Q q 0 0 0 rg BT 175.00 186.40 Td (rights ) Tj ET Q q 0 0 0 rg BT 196.79 186.40 Td (to ) Tj ET Q q 0 0 0 rg BT 205.69 186.40 Td (require ) Tj ET Q q 0 0 0 rg BT 232.82 186.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 259.96 186.40 Td (to ) Tj ET Q q 0 0 0 rg BT 268.87 186.40 Td (exercise ) Tj ET Q q 0 0 0 rg BT 300.89 186.40 Td (any ) Tj ET Q q 0 0 0 rg BT 316.02 186.40 Td (other ) Tj ET Q q 0 0 0 rg BT 336.48 186.40 Td (right ) Tj ET Q q 0 0 0 rg BT 354.27 186.40 Td (or ) Tj ET Q q 0 0 0 rg BT 363.62 186.40 Td (power ) Tj ET Q q 0 0 0 rg BT 387.64 186.40 Td (or ) Tj ET Q q 0 0 0 rg BT 396.98 186.40 Td (to ) Tj ET Q q 0 0 0 rg BT 405.88 186.40 Td (pursue ) Tj ET Q q 0 0 0 rg BT 432.57 186.40 Td (any ) Tj ET Q q 0 0 0 rg BT 447.70 186.40 Td (other ) Tj ET Q q 0 0 0 rg BT 468.17 186.40 Td (remedy ) Tj ET Q q 0 0 0 rg BT 497.07 186.40 Td (which ) Tj ET Q q 0 0 0 rg BT 519.76 186.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 546.90 186.40 Td (may ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 176.80 Td (have, ) Tj ET Q q 0 0 0 rg BT 71.79 176.80 Td (in ) Tj ET Q q 0 0 0 rg BT 80.24 176.80 Td (each ) Tj ET Q q 0 0 0 rg BT 99.81 176.80 Td (case ) Tj ET Q q 0 0 0 rg BT 118.93 176.80 Td (as ) Tj ET Q q 0 0 0 rg BT 129.61 176.80 Td (they ) Tj ET Q q 0 0 0 rg BT 146.95 176.80 Td (directly ) Tj ET Q q 0 0 0 rg BT 174.51 176.80 Td (apply ) Tj ET Q q 0 0 0 rg BT 195.86 176.80 Td (to ) Tj ET Q q 0 0 0 rg BT 204.75 176.80 Td (the ) Tj ET Q q 0 0 0 rg BT 218.10 176.80 Td (Collateral.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 157.60 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 157.60 Td (6.4 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 156.33242187500002 m 178.5029296875 156.33242187500002 l s q 0 0 0 rg BT 122.00 157.60 Td (Judicial ) Tj ET Q q 0 0 0 rg BT 153.62 157.60 Td (Action) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 178.50 157.60 Td (. ) Tj ET Q q 0 0 0 rg BT 182.83 157.60 Td ( ) Tj ET Q q 0 0 0 rg BT 184.94 157.60 Td (If ) Tj ET Q q 0 0 0 rg BT 191.50 157.60 Td (an ) Tj ET Q q 0 0 0 rg BT 202.50 157.60 Td (Event ) Tj ET Q q 0 0 0 rg BT 225.07 157.60 Td (of ) Tj ET Q q 0 0 0 rg BT 233.85 157.60 Td (Default ) Tj ET Q q 0 0 0 rg BT 261.31 157.60 Td (occurs ) Tj ET Q q 0 0 0 rg BT 286.98 157.60 Td (that ) Tj ET Q q 0 0 0 rg BT 302.43 157.60 Td (is ) Tj ET Q q 0 0 0 rg BT 310.32 157.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 348.90 157.60 Td (and ) Tj ET Q q 0 0 0 rg BT 364.36 157.60 Td (is ) Tj ET Q q 0 0 0 rg BT 372.24 157.60 Td (not ) Tj ET Q q 0 0 0 rg BT 385.47 157.60 Td (cured ) Tj ET Q q 0 0 0 rg BT 407.59 157.60 Td (by ) Tj ET Q q 0 0 0 rg BT 418.15 157.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 444.27 157.60 Td (or ) Tj ET Q q 0 0 0 rg BT 453.49 157.60 Td (waived ) Tj ET Q q 0 0 0 rg BT 480.51 157.60 Td (by ) Tj ET Q q 0 0 0 rg BT 491.06 157.60 Td (Lender) Tj ET Q q 0 0 0 rg BT 515.53 157.60 Td (, ) Tj ET Q q 0 0 0 rg BT 519.86 157.60 Td (and ) Tj ET Q q 0 0 0 rg BT 535.32 157.60 Td (Lender) Tj ET Q q 0 0 0 rg BT 559.79 157.60 Td (, ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 148.00 Td (at ) Tj ET Q q 0 0 0 rg BT 58.85 148.00 Td (its ) Tj ET Q q 0 0 0 rg BT 69.02 148.00 Td (option, ) Tj ET Q q 0 0 0 rg BT 95.21 148.00 Td (seeks ) Tj ET Q q 0 0 0 rg BT 118.29 148.00 Td (to ) Tj ET Q q 0 0 0 rg BT 127.13 148.00 Td (take ) Tj ET Q q 0 0 0 rg BT 144.43 148.00 Td (possession ) Tj ET Q q 0 0 0 rg BT 186.62 148.00 Td (of ) Tj ET Q q 0 0 0 rg BT 195.47 148.00 Td (any ) Tj ET Q q 0 0 0 rg BT 210.54 148.00 Td (or ) Tj ET Q q 0 0 0 rg BT 219.83 148.00 Td (all ) Tj ET Q q 0 0 0 rg BT 230.01 148.00 Td (of ) Tj ET Q q 0 0 0 rg BT 238.85 148.00 Td (the ) Tj ET Q q 0 0 0 rg BT 252.15 148.00 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 288.11 148.00 Td (by ) Tj ET Q q 0 0 0 rg BT 298.74 148.00 Td (court ) Tj ET Q q 0 0 0 rg BT 318.70 148.00 Td (process, ) Tj ET Q q 0 0 0 rg BT 351.10 148.00 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 377.29 148.00 Td (hereby ) Tj ET Q q 0 0 0 rg BT 403.92 148.00 Td (irrevocably ) Tj ET Q q 0 0 0 rg BT 444.78 148.00 Td (and ) Tj ET Q q 0 0 0 rg BT 460.30 148.00 Td (unconditionally ) Tj ET Q q 0 0 0 rg BT 515.40 148.00 Td (agrees ) Tj ET Q q 0 0 0 rg BT 542.03 148.00 Td (that ) Tj ET Q q 0 0 0 rg BT 557.55 148.00 Td (a ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 138.40 Td (receiver ) Tj ET Q q 0 0 0 rg BT 80.26 138.40 Td (may ) Tj ET Q q 0 0 0 rg BT 97.17 138.40 Td (be ) Tj ET Q q 0 0 0 rg BT 107.87 138.40 Td (appointed ) Tj ET Q q 0 0 0 rg BT 144.82 138.40 Td (by ) Tj ET Q q 0 0 0 rg BT 155.07 138.40 Td (a ) Tj ET Q q 0 0 0 rg BT 161.32 138.40 Td (court ) Tj ET Q q 0 0 0 rg BT 180.91 138.40 Td (for ) Tj ET Q q 0 0 0 rg BT 192.05 138.40 Td (such ) Tj ET Q q 0 0 0 rg BT 210.75 138.40 Td (purpose ) Tj ET Q q 0 0 0 rg BT 241.46 138.40 Td (without ) Tj ET Q q 0 0 0 rg BT 268.62 138.40 Td (regard ) Tj ET Q q 0 0 0 rg BT 293.54 138.40 Td (to ) Tj ET Q q 0 0 0 rg BT 302.02 138.40 Td (the ) Tj ET Q q 0 0 0 rg BT 314.94 138.40 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 351.44 138.40 Td (of ) Tj ET Q q 0 0 0 rg BT 359.91 138.40 Td (the ) Tj ET Q q 0 0 0 rg BT 372.84 138.40 Td (security ) Tj ET Q q 0 0 0 rg BT 402.20 138.40 Td (for ) Tj ET Q q 0 0 0 rg BT 413.34 138.40 Td (the ) Tj ET Q q 0 0 0 rg BT 426.27 138.40 Td (Secured ) Tj ET Q q 0 0 0 rg BT 457.87 138.40 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 499.69 138.40 Td (and ) Tj ET Q q 0 0 0 rg BT 514.84 138.40 Td (such ) Tj ET Q q 0 0 0 rg BT 533.54 138.40 Td (receiver ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 128.80 Td (may) Tj ET Q q 0 0 0 rg BT 64.52 128.80 Td (, ) Tj ET Q q 0 0 0 rg BT 68.96 128.80 Td (at ) Tj ET Q q 0 0 0 rg BT 77.86 128.80 Td (Lender) Tj ET Q q 0 0 0 rg BT 103.07 128.80 Td () Tj ET Q q 0 0 0 rg BT 104.70 128.80 Td (s ) Tj ET Q q 0 0 0 rg BT 110.92 128.80 Td (option, ) Tj ET Q q 0 0 0 rg BT 137.16 128.80 Td (collect ) Tj ET Q q 0 0 0 rg BT 162.06 128.80 Td (or ) Tj ET Q q 0 0 0 rg BT 171.40 128.80 Td (dispose ) Tj ET Q q 0 0 0 rg BT 201.20 128.80 Td (of ) Tj ET Q q 0 0 0 rg BT 210.09 128.80 Td (all ) Tj ET Q q 0 0 0 rg BT 220.32 128.80 Td (or ) Tj ET Q q 0 0 0 rg BT 229.65 128.80 Td (part ) Tj ET Q q 0 0 0 rg BT 245.66 128.80 Td (of ) Tj ET Q q 0 0 0 rg BT 254.55 128.80 Td (the ) Tj ET Q q 0 0 0 rg BT 267.90 128.80 Td (Collateral.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 109.60 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 109.60 Td (6.5 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 108.33242187500002 m 151.3359375 108.33242187500002 l s q 0 0 0 rg BT 122.00 109.60 Td (Actions) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 151.34 109.60 Td (. ) Tj ET Q q 0 0 0 rg BT 155.46 109.60 Td ( ) Tj ET Q q 0 0 0 rg BT 157.36 109.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 183.28 109.60 Td (authorizes ) Tj ET Q q 0 0 0 rg BT 222.09 109.60 Td (Lender) Tj ET Q q 0 0 0 rg BT 246.56 109.60 Td (, ) Tj ET Q q 0 0 0 rg BT 250.68 109.60 Td (without ) Tj ET Q q 0 0 0 rg BT 277.93 109.60 Td (notice ) Tj ET Q q 0 0 0 rg BT 301.18 109.60 Td (or ) Tj ET Q q 0 0 0 rg BT 310.20 109.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 341.01 109.60 Td (and ) Tj ET Q q 0 0 0 rg BT 356.26 109.60 Td (without ) Tj ET Q q 0 0 0 rg BT 383.51 109.60 Td (af) Tj ET Q q 0 0 0 rg BT 390.04 109.60 Td (fecting ) Tj ET Q q 0 0 0 rg BT 415.51 109.60 Td (its ) Tj ET Q q 0 0 0 rg BT 425.41 109.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 451.32 109.60 Td (hereunder) Tj ET Q q 0 0 0 rg BT 487.36 109.60 Td (, ) Tj ET Q q 0 0 0 rg BT 491.48 109.60 Td (and ) Tj ET Q q 0 0 0 rg BT 506.73 109.60 Td (without ) Tj ET Q q 0 0 0 rg BT 533.98 109.60 Td (consent ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 100.00 Td (of ) Tj ET Q q 0 0 0 rg BT 58.73 100.00 Td (Debtor) Tj ET Q q 0 0 0 rg BT 82.30 100.00 Td (, ) Tj ET Q q 0 0 0 rg BT 86.58 100.00 Td (to: ) Tj ET Q q 0 0 0 rg BT 97.54 100.00 Td ( ) Tj ET Q q 0 0 0 rg BT 99.59 100.00 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 108.76 100.00 Td (take ) Tj ET Q q 0 0 0 rg BT 125.94 100.00 Td (and ) Tj ET Q q 0 0 0 rg BT 141.34 100.00 Td (hold ) Tj ET Q q 0 0 0 rg BT 158.53 100.00 Td (additional ) Tj ET Q q 0 0 0 rg BT 194.84 100.00 Td (security ) Tj ET Q q 0 0 0 rg BT 224.46 100.00 Td (from ) Tj ET Q q 0 0 0 rg BT 242.52 100.00 Td (third ) Tj ET Q q 0 0 0 rg BT 260.14 100.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 286.21 100.00 Td (for ) Tj ET Q q 0 0 0 rg BT 297.60 100.00 Td (the ) Tj ET Q q 0 0 0 rg BT 310.78 100.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 343.52 100.00 Td (of ) Tj ET Q q 0 0 0 rg BT 352.25 100.00 Td (the ) Tj ET Q q 0 0 0 rg BT 365.43 100.00 Td (Secured ) Tj ET Q q 0 0 0 rg BT 397.29 100.00 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 439.37 100.00 Td (with ) Tj ET Q q 0 0 0 rg BT 455.66 100.00 Td (the ) Tj ET Q q 0 0 0 rg BT 468.84 100.00 Td (consent ) Tj ET Q q 0 0 0 rg BT 498.91 100.00 Td (of ) Tj ET Q q 0 0 0 rg BT 507.64 100.00 Td (such ) Tj ET Q q 0 0 0 rg BT 526.60 100.00 Td (third ) Tj ET Q q 0 0 0 rg BT 544.22 100.00 Td (party ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 90.40 Td (providing ) Tj ET Q q 0 0 0 rg BT 84.69 90.40 Td (such ) Tj ET Q q 0 0 0 rg BT 103.81 90.40 Td (security; ) Tj ET Q q 0 0 0 rg BT 135.82 90.40 Td (and ) Tj ET Q q 0 0 0 rg BT 151.39 90.40 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 162.49 90.40 Td (accept ) Tj ET Q q 0 0 0 rg BT 188.29 90.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 224.76 90.40 Td (co-guarantors ) Tj ET Q q 0 0 0 rg BT 276.34 90.40 Td (for ) Tj ET Q q 0 0 0 rg BT 287.90 90.40 Td (the ) Tj ET Q q 0 0 0 rg BT 301.24 90.40 Td (payment ) Tj ET Q q 0 0 0 rg BT 334.15 90.40 Td (of ) Tj ET Q q 0 0 0 rg BT 343.04 90.40 Td (the ) Tj ET Q q 0 0 0 rg BT 356.39 90.40 Td (Secured ) Tj ET Q q 0 0 0 rg BT 388.41 90.40 Td (Obligations. ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 71.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 71.20 Td (6.6 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 69.93242187500005 m 190.09716796875 69.93242187500005 l s q 0 0 0 rg BT 122.00 71.20 Td (Power ) Tj ET Q q 0 0 0 rg BT 147.96 71.20 Td (of ) Tj ET Q q 0 0 0 rg BT 157.21 71.20 Td (Attorney) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 190.10 71.20 Td (. ) Tj ET Q q 0 0 0 rg BT 194.27 71.20 Td ( ) Tj ET Q q 0 0 0 rg BT 196.23 71.20 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 222.20 71.20 Td (irrevocably ) Tj ET Q q 0 0 0 rg BT 262.83 71.20 Td (appoints ) Tj ET Q q 0 0 0 rg BT 295.03 71.20 Td (Lender) Tj ET Q q 0 0 0 rg BT 319.50 71.20 Td (, ) Tj ET Q q 0 0 0 rg BT 323.68 71.20 Td (with ) Tj ET Q q 0 0 0 rg BT 339.86 71.20 Td (full ) Tj ET Q q 0 0 0 rg BT 352.04 71.20 Td (power ) Tj ET Q q 0 0 0 rg BT 375.78 71.20 Td (of ) Tj ET Q q 0 0 0 rg BT 384.41 71.20 Td (substitution, ) Tj ET Q q 0 0 0 rg BT 429.05 71.20 Td (as ) Tj ET Q q 0 0 0 rg BT 439.46 71.20 Td (its ) Tj ET Q q 0 0 0 rg BT 449.41 71.20 Td (attorney-in-fact, ) Tj ET Q q 0 0 0 rg BT 506.95 71.20 Td (coupled ) Tj ET Q q 0 0 0 rg BT 536.92 71.20 Td (with ) Tj ET Q q 0 0 0 rg BT 553.10 71.20 Td (an ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 61.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 81.03 61.60 Td (with ) Tj ET Q q 0 0 0 rg BT 97.83 61.60 Td (full ) Tj ET Q q 0 0 0 rg BT 110.64 61.60 Td (power) Tj ET Q q 0 0 0 rg BT 131.98 61.60 Td (, ) Tj ET Q q 0 0 0 rg BT 136.78 61.60 Td (in ) Tj ET Q q 0 0 0 rg BT 145.58 61.60 Td (Lender's ) Tj ET Q q 0 0 0 rg BT 178.60 61.60 Td (own ) Tj ET Q q 0 0 0 rg BT 195.85 61.60 Td (name ) Tj ET Q q 0 0 0 rg BT 218.43 61.60 Td (or ) Tj ET Q q 0 0 0 rg BT 228.12 61.60 Td (in ) Tj ET Q q 0 0 0 rg BT 236.92 61.60 Td (the ) Tj ET Q q 0 0 0 rg BT 250.62 61.60 Td (name ) Tj ET Q q 0 0 0 rg BT 273.21 61.60 Td (of ) Tj ET Q q 0 0 0 rg BT 282.45 61.60 Td (Debtor: ) Tj ET Q q 0 0 0 rg BT 311.26 61.60 Td ( ) Tj ET Q q 0 0 0 rg BT 313.84 61.60 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 323.52 61.60 Td (at ) Tj ET Q q 0 0 0 rg BT 332.77 61.60 Td (any ) Tj ET Q q 0 0 0 rg BT 348.24 61.60 Td (time ) Tj ET Q q 0 0 0 rg BT 365.93 61.60 Td (to ) Tj ET Q q 0 0 0 rg BT 375.18 61.60 Td (sign, ) Tj ET Q q 0 0 0 rg BT 394.65 61.60 Td (record ) Tj ET Q q 0 0 0 rg BT 419.90 61.60 Td (and ) Tj ET Q q 0 0 0 rg BT 435.82 61.60 Td (file ) Tj ET Q q 0 0 0 rg BT 448.63 61.60 Td (all ) Tj ET Q q 0 0 0 rg BT 459.20 61.60 Td (documents ) Tj ET Q q 0 0 0 rg BT 500.91 61.60 Td (referred ) Tj ET Q q 0 0 0 rg BT 531.50 61.60 Td (to ) Tj ET Q q 0 0 0 rg BT 540.75 61.60 Td (in ) Tj ET Q q 0 0 0 rg BT 549.55 61.60 Td (this ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 52.00 Td (Agreement; ) Tj ET Q q 0 0 0 rg BT 93.24 52.00 Td (and ) Tj ET Q q 0 0 0 rg BT 108.47 52.00 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 119.23 52.00 Td (after ) Tj ET Q q 0 0 0 rg BT 137.13 52.00 Td (an ) Tj ET Q q 0 0 0 rg BT 147.91 52.00 Td (Event ) Tj ET Q q 0 0 0 rg BT 170.25 52.00 Td (of ) Tj ET Q q 0 0 0 rg BT 178.80 52.00 Td (Default ) Tj ET Q q 0 0 0 rg BT 206.03 52.00 Td (has ) Tj ET Q q 0 0 0 rg BT 220.81 52.00 Td (occurred ) Tj ET Q q 0 0 0 rg BT 253.82 52.00 Td (that ) Tj ET Q q 0 0 0 rg BT 269.05 52.00 Td (is ) Tj ET Q q 0 0 0 rg BT 276.71 52.00 Td (continuing ) Tj ET Q q 0 0 0 rg BT 315.06 52.00 Td (and ) Tj ET Q q 0 0 0 rg BT 330.29 52.00 Td (has ) Tj ET Q q 0 0 0 rg BT 345.07 52.00 Td (not ) Tj ET Q q 0 0 0 rg BT 358.08 52.00 Td (been ) Tj ET Q q 0 0 0 rg BT 377.76 52.00 Td (cured ) Tj ET Q q 0 0 0 rg BT 399.65 52.00 Td (by ) Tj ET Q q 0 0 0 rg BT 409.98 52.00 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 435.88 52.00 Td (or ) Tj ET Q q 0 0 0 rg BT 444.88 52.00 Td (waived ) Tj ET Q q 0 0 0 rg BT 471.66 52.00 Td (by ) Tj ET Q q 0 0 0 rg BT 481.99 52.00 Td (Lender: ) Tj ET Q q 0 0 0 rg BT 511.01 52.00 Td ( ) Tj ET Q q 0 0 0 rg BT 512.89 52.00 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 524.55 52.00 Td (to ) Tj ET Q q 0 0 0 rg BT 533.11 52.00 Td (endorse ) Tj ET Q endstream endobj 205 0 obj <> endobj 206 0 obj <> stream BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 743.20 Td (any ) Tj ET Q q 0 0 0 rg BT 65.09 743.20 Td (checks, ) Tj ET Q q 0 0 0 rg BT 94.40 743.20 Td (notes ) Tj ET Q q 0 0 0 rg BT 116.15 743.20 Td (and ) Tj ET Q q 0 0 0 rg BT 131.69 743.20 Td (other ) Tj ET Q q 0 0 0 rg BT 152.11 743.20 Td (instruments ) Tj ET Q q 0 0 0 rg BT 195.65 743.20 Td (or ) Tj ET Q q 0 0 0 rg BT 204.95 743.20 Td (documents ) Tj ET Q q 0 0 0 rg BT 246.27 743.20 Td (evidencing ) Tj ET Q q 0 0 0 rg BT 286.71 743.20 Td (the ) Tj ET Q q 0 0 0 rg BT 300.02 743.20 Td (Collateral, ) Tj ET Q q 0 0 0 rg BT 338.22 743.20 Td (or ) Tj ET Q q 0 0 0 rg BT 347.52 743.20 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 382.62 743.20 Td (thereof; ) Tj ET Q q 0 0 0 rg BT 411.94 743.20 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 423.90 743.20 Td (to ) Tj ET Q q 0 0 0 rg BT 432.76 743.20 Td (discharge ) Tj ET Q q 0 0 0 rg BT 469.64 743.20 Td (claims, ) Tj ET Q q 0 0 0 rg BT 496.72 743.20 Td (demands, ) Tj ET Q q 0 0 0 rg BT 534.04 743.20 Td (liens, ) Tj ET Q q 0 0 0 rg BT 554.90 743.20 Td (or ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 733.60 Td (taxes ) Tj ET Q q 0 0 0 rg BT 71.34 733.60 Td (af) Tj ET Q q 0 0 0 rg BT 77.87 733.60 Td (fecting ) Tj ET Q q 0 0 0 rg BT 103.65 733.60 Td (any ) Tj ET Q q 0 0 0 rg BT 118.77 733.60 Td (of ) Tj ET Q q 0 0 0 rg BT 127.66 733.60 Td (the ) Tj ET Q q 0 0 0 rg BT 141.00 733.60 Td (Collateral; ) Tj ET Q q 0 0 0 rg BT 179.23 733.60 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 190.77 733.60 Td (to ) Tj ET Q q 0 0 0 rg BT 199.66 733.60 Td (settle, ) Tj ET Q q 0 0 0 rg BT 223.23 733.60 Td (and ) Tj ET Q q 0 0 0 rg BT 238.79 733.60 Td (give ) Tj ET Q q 0 0 0 rg BT 255.68 733.60 Td (releases ) Tj ET Q q 0 0 0 rg BT 288.14 733.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 299.25 733.60 Td (any ) Tj ET Q q 0 0 0 rg BT 314.37 733.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 351.27 733.60 Td (claim ) Tj ET Q q 0 0 0 rg BT 372.16 733.60 Td (that ) Tj ET Q q 0 0 0 rg BT 387.72 733.60 Td (relates ) Tj ET Q q 0 0 0 rg BT 413.95 733.60 Td (to ) Tj ET Q q 0 0 0 rg BT 422.84 733.60 Td (any ) Tj ET Q q 0 0 0 rg BT 437.95 733.60 Td (of ) Tj ET Q q 0 0 0 rg BT 446.84 733.60 Td (the ) Tj ET Q q 0 0 0 rg BT 460.18 733.60 Td (Collateral, ) Tj ET Q q 0 0 0 rg BT 498.41 733.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 522.43 733.60 Td (payment ) Tj ET Q q 0 0 0 rg BT 555.33 733.60 Td (of ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 724.00 Td (claim, ) Tj ET Q q 0 0 0 rg BT 73.21 724.00 Td (and ) Tj ET Q q 0 0 0 rg BT 88.88 724.00 Td (make ) Tj ET Q q 0 0 0 rg BT 110.76 724.00 Td (all ) Tj ET Q q 0 0 0 rg BT 121.08 724.00 Td (determinations ) Tj ET Q q 0 0 0 rg BT 175.87 724.00 Td (with ) Tj ET Q q 0 0 0 rg BT 192.41 724.00 Td (respect ) Tj ET Q q 0 0 0 rg BT 220.97 724.00 Td (to ) Tj ET Q q 0 0 0 rg BT 229.96 724.00 Td (any ) Tj ET Q q 0 0 0 rg BT 245.17 724.00 Td (such ) Tj ET Q q 0 0 0 rg BT 264.39 724.00 Td (policy ) Tj ET Q q 0 0 0 rg BT 287.16 724.00 Td (of ) Tj ET Q q 0 0 0 rg BT 296.15 724.00 Td (insurance, ) Tj ET Q q 0 0 0 rg BT 335.38 724.00 Td (and ) Tj ET Q q 0 0 0 rg BT 351.05 724.00 Td (endorse ) Tj ET Q q 0 0 0 rg BT 382.28 724.00 Td (Debtor's ) Tj ET Q q 0 0 0 rg BT 414.13 724.00 Td (name ) Tj ET Q q 0 0 0 rg BT 436.46 724.00 Td (on ) Tj ET Q q 0 0 0 rg BT 447.68 724.00 Td (any ) Tj ET Q q 0 0 0 rg BT 462.90 724.00 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 498.13 724.00 Td (of ) Tj ET Q q 0 0 0 rg BT 507.12 724.00 Td (such ) Tj ET Q q 0 0 0 rg BT 526.33 724.00 Td (policies ) Tj ET Q q 0 0 0 rg BT 555.33 724.00 Td (of ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 714.40 Td (insurance; ) Tj ET Q q 0 0 0 rg BT 89.02 714.40 Td (or ) Tj ET Q q 0 0 0 rg BT 98.23 714.40 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 110.12 714.40 Td (to ) Tj ET Q q 0 0 0 rg BT 118.89 714.40 Td (instruct ) Tj ET Q q 0 0 0 rg BT 146.79 714.40 Td (any ) Tj ET Q q 0 0 0 rg BT 161.79 714.40 Td (Person ) Tj ET Q q 0 0 0 rg BT 189.24 714.40 Td (having ) Tj ET Q q 0 0 0 rg BT 214.92 714.40 Td (control ) Tj ET Q q 0 0 0 rg BT 241.04 714.40 Td (of ) Tj ET Q q 0 0 0 rg BT 249.82 714.40 Td (any ) Tj ET Q q 0 0 0 rg BT 264.82 714.40 Td (books ) Tj ET Q q 0 0 0 rg BT 288.27 714.40 Td (or ) Tj ET Q q 0 0 0 rg BT 297.49 714.40 Td (records ) Tj ET Q q 0 0 0 rg BT 326.27 714.40 Td (relating ) Tj ET Q q 0 0 0 rg BT 354.62 714.40 Td (to ) Tj ET Q q 0 0 0 rg BT 363.39 714.40 Td (the ) Tj ET Q q 0 0 0 rg BT 376.62 714.40 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 412.52 714.40 Td (to ) Tj ET Q q 0 0 0 rg BT 421.30 714.40 Td (give ) Tj ET Q q 0 0 0 rg BT 438.08 714.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 465.09 714.40 Td (full ) Tj ET Q q 0 0 0 rg BT 477.43 714.40 Td (rights ) Tj ET Q q 0 0 0 rg BT 499.09 714.40 Td (of ) Tj ET Q q 0 0 0 rg BT 507.87 714.40 Td (access ) Tj ET Q q 0 0 0 rg BT 534.88 714.40 Td (thereto. ) Tj ET Q q 0 0 0 rg BT 564.23 714.40 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 704.80 Td (Lender ) Tj ET Q q 0 0 0 rg BT 77.20 704.80 Td (shall ) Tj ET Q q 0 0 0 rg BT 95.95 704.80 Td (have ) Tj ET Q q 0 0 0 rg BT 115.59 704.80 Td (the ) Tj ET Q q 0 0 0 rg BT 129.01 704.80 Td (right ) Tj ET Q q 0 0 0 rg BT 146.87 704.80 Td (to ) Tj ET Q q 0 0 0 rg BT 155.83 704.80 Td (exercise ) Tj ET Q q 0 0 0 rg BT 187.92 704.80 Td (the ) Tj ET Q q 0 0 0 rg BT 201.33 704.80 Td (power ) Tj ET Q q 0 0 0 rg BT 225.42 704.80 Td (of ) Tj ET Q q 0 0 0 rg BT 234.38 704.80 Td (attorney ) Tj ET Q q 0 0 0 rg BT 265.58 704.80 Td (granted ) Tj ET Q q 0 0 0 rg BT 295.01 704.80 Td (in ) Tj ET Q q 0 0 0 rg BT 303.53 704.80 Td (this ) Tj ET Q q 0 0 0 rg BT 318.27 704.80 Td (Section ) Tj ET Q q 0 0 0 rg BT 347.25 704.80 Td (directly ) Tj ET Q q 0 0 0 rg BT 374.89 704.80 Td (or ) Tj ET Q q 0 0 0 rg BT 384.29 704.80 Td (to ) Tj ET Q q 0 0 0 rg BT 393.26 704.80 Td (delegate ) Tj ET Q q 0 0 0 rg BT 426.25 704.80 Td (all ) Tj ET Q q 0 0 0 rg BT 436.55 704.80 Td (or ) Tj ET Q q 0 0 0 rg BT 445.96 704.80 Td (part ) Tj ET Q q 0 0 0 rg BT 462.04 704.80 Td (of ) Tj ET Q q 0 0 0 rg BT 471.00 704.80 Td (such ) Tj ET Q q 0 0 0 rg BT 490.20 704.80 Td (power) Tj ET Q q 0 0 0 rg BT 511.54 704.80 Td (. ) Tj ET Q q 0 0 0 rg BT 516.06 704.80 Td ( ) Tj ET Q q 0 0 0 rg BT 518.35 704.80 Td (Lender ) Tj ET Q q 0 0 0 rg BT 545.56 704.80 Td (shall ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 695.20 Td (not ) Tj ET Q q 0 0 0 rg BT 63.34 695.20 Td (be ) Tj ET Q q 0 0 0 rg BT 74.46 695.20 Td (obligated ) Tj ET Q q 0 0 0 rg BT 109.16 695.20 Td (to ) Tj ET Q q 0 0 0 rg BT 118.05 695.20 Td (act ) Tj ET Q q 0 0 0 rg BT 130.95 695.20 Td (on ) Tj ET Q q 0 0 0 rg BT 142.07 695.20 Td (behalf ) Tj ET Q q 0 0 0 rg BT 166.09 695.20 Td (of ) Tj ET Q q 0 0 0 rg BT 174.98 695.20 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 201.22 695.20 Td (as ) Tj ET Q q 0 0 0 rg BT 211.89 695.20 Td (attorney-in-fact.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 676.00 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 676.00 Td (6.7 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 674.732421875 m 191.65234375 674.732421875 l s q 0 0 0 rg BT 122.00 676.00 Td (Actions ) Tj ET Q q 0 0 0 rg BT 153.49 676.00 Td (by ) Tj ET Q q 0 0 0 rg BT 164.98 676.00 Td (Lender) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 191.65 676.00 Td (. ) Tj ET Q q 0 0 0 rg BT 196.03 676.00 Td ( ) Tj ET Q q 0 0 0 rg BT 198.18 676.00 Td (No ) Tj ET Q q 0 0 0 rg BT 210.56 676.00 Td (action ) Tj ET Q q 0 0 0 rg BT 234.07 676.00 Td (may ) Tj ET Q q 0 0 0 rg BT 251.33 676.00 Td (be ) Tj ET Q q 0 0 0 rg BT 262.39 676.00 Td (taken ) Tj ET Q q 0 0 0 rg BT 284.11 676.00 Td (by ) Tj ET Q q 0 0 0 rg BT 294.71 676.00 Td (Lender ) Tj ET Q q 0 0 0 rg BT 321.78 676.00 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 355.07 676.00 Td (to ) Tj ET Q q 0 0 0 rg BT 363.89 676.00 Td (this ) Tj ET Q q 0 0 0 rg BT 378.07 676.00 Td (Article ) Tj ET Q q 0 0 0 rg BT 402.45 676.00 Td (VI ) Tj ET Q q 0 0 0 rg BT 412.16 676.00 Td (or ) Tj ET Q q 0 0 0 rg BT 421.43 676.00 Td (any ) Tj ET Q q 0 0 0 rg BT 436.48 676.00 Td (other ) Tj ET Q q 0 0 0 rg BT 456.87 676.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 491.04 676.00 Td (of ) Tj ET Q q 0 0 0 rg BT 499.87 676.00 Td (this ) Tj ET Q q 0 0 0 rg BT 514.04 676.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 555.33 676.00 Td (to ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 666.40 Td (the ) Tj ET Q q 0 0 0 rg BT 63.34 666.40 Td (extent ) Tj ET Q q 0 0 0 rg BT 87.36 666.40 Td (it ) Tj ET Q q 0 0 0 rg BT 93.58 666.40 Td (would ) Tj ET Q q 0 0 0 rg BT 116.71 666.40 Td (cause ) Tj ET Q q 0 0 0 rg BT 140.28 666.40 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 166.51 666.40 Td (to ) Tj ET Q q 0 0 0 rg BT 175.41 666.40 Td (breach ) Tj ET Q q 0 0 0 rg BT 202.09 666.40 Td (any ) Tj ET Q q 0 0 0 rg BT 217.21 666.40 Td (laws ) Tj ET Q q 0 0 0 rg BT 235.44 666.40 Td (or ) Tj ET Q q 0 0 0 rg BT 244.77 666.40 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 282.57 666.40 Td (requirements ) Tj ET Q q 0 0 0 rg BT 331.48 666.40 Td (applicable ) Tj ET Q q 0 0 0 rg BT 369.73 666.40 Td (to ) Tj ET Q q 0 0 0 rg BT 378.63 666.40 Td (it.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 282.65 647.20 Td (ARTICLE VII) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 287.55 637.60 Td (W) Tj ET Q q 0 0 0 rg BT 294.66 637.60 Td (AIVERS) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 618.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 618.40 Td (7.1 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 617.132421875 m 152.38671875 617.132421875 l s q 0 0 0 rg BT 122.00 618.40 Td (W) Tj ET Q q 0 0 0 rg BT 129.25 618.40 Td (aivers) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 152.39 618.40 Td (. ) Tj ET Q q 0 0 0 rg BT 156.86 618.40 Td ( ) Tj ET Q q 0 0 0 rg BT 158.97 618.40 Td (T) Tj ET Q q 0 0 0 rg BT 162.97 618.40 Td (o ) Tj ET Q q 0 0 0 rg BT 169.68 618.40 Td (the ) Tj ET Q q 0 0 0 rg BT 183.05 618.40 Td (extent ) Tj ET Q q 0 0 0 rg BT 207.10 618.40 Td (that ) Tj ET Q q 0 0 0 rg BT 222.70 618.40 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 248.97 618.40 Td (has ) Tj ET Q q 0 0 0 rg BT 264.12 618.40 Td (any ) Tj ET Q q 0 0 0 rg BT 279.28 618.40 Td (rights ) Tj ET Q q 0 0 0 rg BT 301.09 618.40 Td (directly ) Tj ET Q q 0 0 0 rg BT 328.69 618.40 Td (or ) Tj ET Q q 0 0 0 rg BT 338.06 618.40 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 371.88 618.40 Td (under ) Tj ET Q q 0 0 0 rg BT 394.60 618.40 Td (Sections ) Tj ET Q q 0 0 0 rg BT 427.54 618.40 Td (3501 ) Tj ET Q q 0 0 0 rg BT 447.59 618.40 Td (through ) Tj ET Q q 0 0 0 rg BT 476.98 618.40 Td (3505 ) Tj ET Q q 0 0 0 rg BT 497.03 618.40 Td (of ) Tj ET Q q 0 0 0 rg BT 505.96 618.40 Td (the ) Tj ET Q q 0 0 0 rg BT 519.33 618.40 Td (Commercial ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 608.80 Td (Code, ) Tj ET Q q 0 0 0 rg BT 73.44 608.80 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 99.55 608.80 Td (hereby ) Tj ET Q q 0 0 0 rg BT 126.11 608.80 Td (waives ) Tj ET Q q 0 0 0 rg BT 152.66 608.80 Td (presentment, ) Tj ET Q q 0 0 0 rg BT 201.44 608.80 Td (protest, ) Tj ET Q q 0 0 0 rg BT 230.22 608.80 Td (and ) Tj ET Q q 0 0 0 rg BT 245.66 608.80 Td (demand; ) Tj ET Q q 0 0 0 rg BT 278.89 608.80 Td (and ) Tj ET Q q 0 0 0 rg BT 294.33 608.80 Td (notice ) Tj ET Q q 0 0 0 rg BT 317.78 608.80 Td (of ) Tj ET Q q 0 0 0 rg BT 326.54 608.80 Td (protest, ) Tj ET Q q 0 0 0 rg BT 355.32 608.80 Td (demand. ) Tj ET Q q 0 0 0 rg BT 388.55 608.80 Td (and ) Tj ET Q q 0 0 0 rg BT 403.99 608.80 Td (dishonor ) Tj ET Q q 0 0 0 rg BT 436.78 608.80 Td (and ) Tj ET Q q 0 0 0 rg BT 452.22 608.80 Td (all ) Tj ET Q q 0 0 0 rg BT 462.32 608.80 Td (other ) Tj ET Q q 0 0 0 rg BT 482.65 608.80 Td (notices ) Tj ET Q q 0 0 0 rg BT 510.09 608.80 Td (required ) Tj ET Q q 0 0 0 rg BT 541.54 608.80 Td (under ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 599.20 Td (Sections ) Tj ET Q q 0 0 0 rg BT 83.24 599.20 Td (3501 ) Tj ET Q q 0 0 0 rg BT 103.59 599.20 Td (through ) Tj ET Q q 0 0 0 rg BT 133.28 599.20 Td (3505 ) Tj ET Q q 0 0 0 rg BT 153.63 599.20 Td (of ) Tj ET Q q 0 0 0 rg BT 162.86 599.20 Td (the ) Tj ET Q q 0 0 0 rg BT 176.54 599.20 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 221.76 599.20 Td (Code ) Tj ET Q q 0 0 0 rg BT 243.45 599.20 Td (to ) Tj ET Q q 0 0 0 rg BT 252.67 599.20 Td (which ) Tj ET Q q 0 0 0 rg BT 275.68 599.20 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 302.25 599.20 Td (might ) Tj ET Q q 0 0 0 rg BT 324.37 599.20 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 361.16 599.20 Td (be ) Tj ET Q q 0 0 0 rg BT 372.62 599.20 Td (entitled. ) Tj ET Q q 0 0 0 rg BT 403.19 599.20 Td ( ) Tj ET Q q 0 0 0 rg BT 405.58 599.20 Td (T) Tj ET Q q 0 0 0 rg BT 409.58 599.20 Td (o ) Tj ET Q q 0 0 0 rg BT 416.58 599.20 Td (the ) Tj ET Q q 0 0 0 rg BT 430.26 599.20 Td (extent ) Tj ET Q q 0 0 0 rg BT 454.61 599.20 Td (that ) Tj ET Q q 0 0 0 rg BT 470.51 599.20 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 497.08 599.20 Td (is ) Tj ET Q q 0 0 0 rg BT 505.41 599.20 Td (deemed ) Tj ET Q q 0 0 0 rg BT 536.88 599.20 Td (to ) Tj ET Q q 0 0 0 rg BT 546.10 599.20 Td (be ) Tj ET Q q 0 0 0 rg BT 557.56 599.20 Td (a ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 589.60 Td (guarantor ) Tj ET Q q 0 0 0 rg BT 86.27 589.60 Td (of ) Tj ET Q q 0 0 0 rg BT 94.97 589.60 Td (the ) Tj ET Q q 0 0 0 rg BT 108.12 589.60 Td (Obligations ) Tj ET Q q 0 0 0 rg BT 150.17 589.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 183.33 589.60 Td (to ) Tj ET Q q 0 0 0 rg BT 192.03 589.60 Td (this ) Tj ET Q q 0 0 0 rg BT 206.10 589.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 249.48 589.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 275.52 589.60 Td (hereby ) Tj ET Q q 0 0 0 rg BT 302.01 589.60 Td (waives ) Tj ET Q q 0 0 0 rg BT 328.49 589.60 Td (and ) Tj ET Q q 0 0 0 rg BT 343.86 589.60 Td (releases ) Tj ET Q q 0 0 0 rg BT 376.12 589.60 Td (the ) Tj ET Q q 0 0 0 rg BT 389.27 589.60 Td (following ) Tj ET Q q 0 0 0 rg BT 422.43 589.60 Td (rights ) Tj ET Q q 0 0 0 rg BT 444.02 589.60 Td (and ) Tj ET Q q 0 0 0 rg BT 459.39 589.60 Td (remedies ) Tj ET Q q 0 0 0 rg BT 494.32 589.60 Td (available ) Tj ET Q q 0 0 0 rg BT 527.92 589.60 Td (to ) Tj ET Q q 0 0 0 rg BT 536.62 589.60 Td (it: ) Tj ET Q q 0 0 0 rg BT 544.87 589.60 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 554.00 589.60 Td (all ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 580.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 72.97 580.00 Td (and ) Tj ET Q q 0 0 0 rg BT 89.73 580.00 Td (defenses ) Tj ET Q q 0 0 0 rg BT 125.60 580.00 Td (arising ) Tj ET Q q 0 0 0 rg BT 152.58 580.00 Td (from ) Tj ET Q q 0 0 0 rg BT 171.98 580.00 Td (Lender) Tj ET Q q 0 0 0 rg BT 197.19 580.00 Td () Tj ET Q q 0 0 0 rg BT 198.82 580.00 Td (s ) Tj ET Q q 0 0 0 rg BT 206.23 580.00 Td (election ) Tj ET Q q 0 0 0 rg BT 237.21 580.00 Td (of ) Tj ET Q q 0 0 0 rg BT 247.29 580.00 Td (remedies, ) Tj ET Q q 0 0 0 rg BT 285.83 580.00 Td (even ) Tj ET Q q 0 0 0 rg BT 306.58 580.00 Td (though ) Tj ET Q q 0 0 0 rg BT 334.46 580.00 Td (that ) Tj ET Q q 0 0 0 rg BT 351.21 580.00 Td (election ) Tj ET Q q 0 0 0 rg BT 382.19 580.00 Td (has ) Tj ET Q q 0 0 0 rg BT 398.50 580.00 Td (destroyed ) Tj ET Q q 0 0 0 rg BT 437.04 580.00 Td (Debtor) Tj ET Q q 0 0 0 rg BT 461.35 580.00 Td () Tj ET Q q 0 0 0 rg BT 462.98 580.00 Td (s ) Tj ET Q q 0 0 0 rg BT 470.39 580.00 Td (rights ) Tj ET Q q 0 0 0 rg BT 493.36 580.00 Td (of ) Tj ET Q q 0 0 0 rg BT 503.44 580.00 Td (subrogation ) Tj ET Q q 0 0 0 rg BT 548.65 580.00 Td (and ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 570.40 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 105.79 570.40 Td (against ) Tj ET Q q 0 0 0 rg BT 134.02 570.40 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 168.90 570.40 Td (by ) Tj ET Q q 0 0 0 rg BT 179.79 570.40 Td (the ) Tj ET Q q 0 0 0 rg BT 193.34 570.40 Td (operation ) Tj ET Q q 0 0 0 rg BT 229.14 570.40 Td (of ) Tj ET Q q 0 0 0 rg BT 238.24 570.40 Td (law; ) Tj ET Q q 0 0 0 rg BT 254.90 570.40 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 266.22 570.40 Td (any ) Tj ET Q q 0 0 0 rg BT 281.55 570.40 Td (right ) Tj ET Q q 0 0 0 rg BT 299.55 570.40 Td (to ) Tj ET Q q 0 0 0 rg BT 308.65 570.40 Td (require ) Tj ET Q q 0 0 0 rg BT 335.99 570.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 363.33 570.40 Td (to ) Tj ET Q q 0 0 0 rg BT 372.44 570.40 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 385.54 570.40 Td (proceed ) Tj ET Q q 0 0 0 rg BT 416.88 570.40 Td (against ) Tj ET Q q 0 0 0 rg BT 445.11 570.40 Td (Borrower; ) Tj ET Q q 0 0 0 rg BT 482.22 570.40 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 495.32 570.40 Td (proceed ) Tj ET Q q 0 0 0 rg BT 526.67 570.40 Td (against ) Tj ET Q q 0 0 0 rg BT 554.90 570.40 Td (or ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 560.80 Td (exhaust ) Tj ET Q q 0 0 0 rg BT 80.44 560.80 Td (any ) Tj ET Q q 0 0 0 rg BT 95.77 560.80 Td (security ) Tj ET Q q 0 0 0 rg BT 125.75 560.80 Td (held ) Tj ET Q q 0 0 0 rg BT 143.30 560.80 Td (from ) Tj ET Q q 0 0 0 rg BT 161.73 560.80 Td (any ) Tj ET Q q 0 0 0 rg BT 177.05 560.80 Td (person ) Tj ET Q q 0 0 0 rg BT 203.94 560.80 Td (or ) Tj ET Q q 0 0 0 rg BT 213.47 560.80 Td (marshalling ) Tj ET Q q 0 0 0 rg BT 256.80 560.80 Td (of ) Tj ET Q q 0 0 0 rg BT 265.90 560.80 Td (assets ) Tj ET Q q 0 0 0 rg BT 291.44 560.80 Td (or ) Tj ET Q q 0 0 0 rg BT 300.98 560.80 Td (liens; ) Tj ET Q q 0 0 0 rg BT 322.08 560.80 Td (\(C\) ) Tj ET Q q 0 0 0 rg BT 335.61 560.80 Td (proceed ) Tj ET Q q 0 0 0 rg BT 366.95 560.80 Td (against ) Tj ET Q q 0 0 0 rg BT 395.17 560.80 Td (any ) Tj ET Q q 0 0 0 rg BT 410.49 560.80 Td (guarantor; ) Tj ET Q q 0 0 0 rg BT 449.38 560.80 Td (or ) Tj ET Q q 0 0 0 rg BT 458.92 560.80 Td (\(D\) ) Tj ET Q q 0 0 0 rg BT 472.45 560.80 Td (pursue ) Tj ET Q q 0 0 0 rg BT 499.34 560.80 Td (any ) Tj ET Q q 0 0 0 rg BT 514.66 560.80 Td (other ) Tj ET Q q 0 0 0 rg BT 535.32 560.80 Td (remedy ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 551.20 Td (available ) Tj ET Q q 0 0 0 rg BT 83.69 551.20 Td (to ) Tj ET Q q 0 0 0 rg BT 92.47 551.20 Td (Lender; ) Tj ET Q q 0 0 0 rg BT 121.71 551.20 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 134.48 551.20 Td (any ) Tj ET Q q 0 0 0 rg BT 149.49 551.20 Td (defense ) Tj ET Q q 0 0 0 rg BT 180.07 551.20 Td (arising ) Tj ET Q q 0 0 0 rg BT 205.75 551.20 Td (by ) Tj ET Q q 0 0 0 rg BT 216.30 551.20 Td (reason ) Tj ET Q q 0 0 0 rg BT 242.88 551.20 Td (of ) Tj ET Q q 0 0 0 rg BT 251.66 551.20 Td (any ) Tj ET Q q 0 0 0 rg BT 266.67 551.20 Td (disability ) Tj ET Q q 0 0 0 rg BT 299.46 551.20 Td (or ) Tj ET Q q 0 0 0 rg BT 308.68 551.20 Td (other ) Tj ET Q q 0 0 0 rg BT 329.02 551.20 Td (defense ) Tj ET Q q 0 0 0 rg BT 359.60 551.20 Td (of ) Tj ET Q q 0 0 0 rg BT 368.38 551.20 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 402.95 551.20 Td (or ) Tj ET Q q 0 0 0 rg BT 412.17 551.20 Td (by ) Tj ET Q q 0 0 0 rg BT 422.73 551.20 Td (reason ) Tj ET Q q 0 0 0 rg BT 449.30 551.20 Td (of ) Tj ET Q q 0 0 0 rg BT 458.08 551.20 Td (the ) Tj ET Q q 0 0 0 rg BT 471.31 551.20 Td (cessation ) Tj ET Q q 0 0 0 rg BT 507.22 551.20 Td (of ) Tj ET Q q 0 0 0 rg BT 516.00 551.20 Td (the ) Tj ET Q q 0 0 0 rg BT 529.23 551.20 Td (liability ) Tj ET Q q 0 0 0 rg BT 555.35 551.20 Td (of ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 541.60 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 85.11 541.60 Td (from ) Tj ET Q q 0 0 0 rg BT 103.76 541.60 Td (any ) Tj ET Q q 0 0 0 rg BT 119.31 541.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 143.31 541.60 Td (whatsoever; ) Tj ET Q q 0 0 0 rg BT 189.10 541.60 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 202.86 541.60 Td (all ) Tj ET Q q 0 0 0 rg BT 213.51 541.60 Td (presentments, ) Tj ET Q q 0 0 0 rg BT 266.86 541.60 Td (demands ) Tj ET Q q 0 0 0 rg BT 302.42 541.60 Td (for ) Tj ET Q q 0 0 0 rg BT 314.41 541.60 Td (performance, ) Tj ET Q q 0 0 0 rg BT 364.20 541.60 Td (notices ) Tj ET Q q 0 0 0 rg BT 392.20 541.60 Td (of ) Tj ET Q q 0 0 0 rg BT 401.52 541.60 Td (nonperformance, ) Tj ET Q q 0 0 0 rg BT 464.66 541.60 Td (protests, ) Tj ET Q q 0 0 0 rg BT 497.99 541.60 Td (notices ) Tj ET Q q 0 0 0 rg BT 525.99 541.60 Td (of ) Tj ET Q q 0 0 0 rg BT 535.32 541.60 Td (protest, ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 532.00 Td (notices ) Tj ET Q q 0 0 0 rg BT 76.93 532.00 Td (of ) Tj ET Q q 0 0 0 rg BT 85.19 532.00 Td (dishonor) Tj ET Q q 0 0 0 rg BT 115.44 532.00 Td (, ) Tj ET Q q 0 0 0 rg BT 119.24 532.00 Td (notices ) Tj ET Q q 0 0 0 rg BT 146.18 532.00 Td (of ) Tj ET Q q 0 0 0 rg BT 154.44 532.00 Td (default ) Tj ET Q q 0 0 0 rg BT 180.04 532.00 Td (or ) Tj ET Q q 0 0 0 rg BT 188.74 532.00 Td (demand, ) Tj ET Q q 0 0 0 rg BT 221.46 532.00 Td (notices ) Tj ET Q q 0 0 0 rg BT 248.39 532.00 Td (of ) Tj ET Q q 0 0 0 rg BT 256.65 532.00 Td (acceptance ) Tj ET Q q 0 0 0 rg BT 299.15 532.00 Td (of ) Tj ET Q q 0 0 0 rg BT 307.41 532.00 Td (and ) Tj ET Q q 0 0 0 rg BT 322.34 532.00 Td (reliance ) Tj ET Q q 0 0 0 rg BT 351.94 532.00 Td (on ) Tj ET Q q 0 0 0 rg BT 362.43 532.00 Td (this ) Tj ET Q q 0 0 0 rg BT 376.15 532.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 416.86 532.00 Td (and ) Tj ET Q q 0 0 0 rg BT 431.80 532.00 Td (of ) Tj ET Q q 0 0 0 rg BT 440.05 532.00 Td (the ) Tj ET Q q 0 0 0 rg BT 452.76 532.00 Td (existence, ) Tj ET Q q 0 0 0 rg BT 490.37 532.00 Td (creation, ) Tj ET Q q 0 0 0 rg BT 522.64 532.00 Td (or ) Tj ET Q q 0 0 0 rg BT 531.33 532.00 Td (incurring ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 522.40 Td (of ) Tj ET Q q 0 0 0 rg BT 58.75 522.40 Td (new ) Tj ET Q q 0 0 0 rg BT 75.50 522.40 Td (or ) Tj ET Q q 0 0 0 rg BT 84.68 522.40 Td (additional ) Tj ET Q q 0 0 0 rg BT 121.01 522.40 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 172.90 522.40 Td (notices ) Tj ET Q q 0 0 0 rg BT 200.32 522.40 Td (of ) Tj ET Q q 0 0 0 rg BT 209.06 522.40 Td (renewal, ) Tj ET Q q 0 0 0 rg BT 241.38 522.40 Td (extension ) Tj ET Q q 0 0 0 rg BT 277.69 522.40 Td (or ) Tj ET Q q 0 0 0 rg BT 286.88 522.40 Td (modification ) Tj ET Q q 0 0 0 rg BT 331.64 522.40 Td (of ) Tj ET Q q 0 0 0 rg BT 340.39 522.40 Td (the ) Tj ET Q q 0 0 0 rg BT 353.58 522.40 Td (indebtedness; ) Tj ET Q q 0 0 0 rg BT 405.47 522.40 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 416.88 522.40 Td (the ) Tj ET Q q 0 0 0 rg BT 430.07 522.40 Td (right ) Tj ET Q q 0 0 0 rg BT 447.71 522.40 Td (to ) Tj ET Q q 0 0 0 rg BT 456.45 522.40 Td (notice ) Tj ET Q q 0 0 0 rg BT 479.87 522.40 Td (of ) Tj ET Q q 0 0 0 rg BT 488.62 522.40 Td (any ) Tj ET Q q 0 0 0 rg BT 503.59 522.40 Td (and ) Tj ET Q q 0 0 0 rg BT 519.01 522.40 Td (all ) Tj ET Q q 0 0 0 rg BT 529.09 522.40 Td (favorable ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 512.80 Td (and ) Tj ET Q q 0 0 0 rg BT 65.56 512.80 Td (unfavorable ) Tj ET Q q 0 0 0 rg BT 109.57 512.80 Td (information, ) Tj ET Q q 0 0 0 rg BT 153.58 512.80 Td (whether ) Tj ET Q q 0 0 0 rg BT 184.24 512.80 Td (financial ) Tj ET Q q 0 0 0 rg BT 215.80 512.80 Td (or ) Tj ET Q q 0 0 0 rg BT 225.12 512.80 Td (other) Tj ET Q q 0 0 0 rg BT 242.92 512.80 Td (, ) Tj ET Q q 0 0 0 rg BT 247.35 512.80 Td (about ) Tj ET Q q 0 0 0 rg BT 269.57 512.80 Td (Borrower) Tj ET Q q 0 0 0 rg BT 301.59 512.80 Td (, ) Tj ET Q q 0 0 0 rg BT 306.02 512.80 Td (heretofore, ) Tj ET Q q 0 0 0 rg BT 346.92 512.80 Td (now) Tj ET Q q 0 0 0 rg BT 361.15 512.80 Td (, ) Tj ET Q q 0 0 0 rg BT 365.58 512.80 Td (or ) Tj ET Q q 0 0 0 rg BT 374.90 512.80 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 409.13 512.80 Td (learned ) Tj ET Q q 0 0 0 rg BT 438.02 512.80 Td (or ) Tj ET Q q 0 0 0 rg BT 447.34 512.80 Td (acquired ) Tj ET Q q 0 0 0 rg BT 480.24 512.80 Td (by ) Tj ET Q q 0 0 0 rg BT 490.90 512.80 Td (Lender ) Tj ET Q q 0 0 0 rg BT 518.01 512.80 Td (and ) Tj ET Q q 0 0 0 rg BT 533.57 512.80 Td (all ) Tj ET Q q 0 0 0 rg BT 543.78 512.80 Td (other ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 503.20 Td (notices ) Tj ET Q q 0 0 0 rg BT 77.69 503.20 Td (to ) Tj ET Q q 0 0 0 rg BT 86.71 503.20 Td (which ) Tj ET Q q 0 0 0 rg BT 109.51 503.20 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 135.87 503.20 Td (might ) Tj ET Q q 0 0 0 rg BT 157.78 503.20 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 194.36 503.20 Td (be ) Tj ET Q q 0 0 0 rg BT 205.61 503.20 Td (entitled; ) Tj ET Q q 0 0 0 rg BT 235.97 503.20 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 249.42 503.20 Td (any ) Tj ET Q q 0 0 0 rg BT 264.67 503.20 Td (and ) Tj ET Q q 0 0 0 rg BT 280.36 503.20 Td (all ) Tj ET Q q 0 0 0 rg BT 290.71 503.20 Td (suretyship ) Tj ET Q q 0 0 0 rg BT 329.52 503.20 Td (defenses ) Tj ET Q q 0 0 0 rg BT 364.33 503.20 Td (now ) Tj ET Q q 0 0 0 rg BT 381.36 503.20 Td (or ) Tj ET Q q 0 0 0 rg BT 390.82 503.20 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 425.18 503.20 Td (available ) Tj ET Q q 0 0 0 rg BT 459.11 503.20 Td (to ) Tj ET Q q 0 0 0 rg BT 468.12 503.20 Td (it ) Tj ET Q q 0 0 0 rg BT 474.47 503.20 Td (under ) Tj ET Q q 0 0 0 rg BT 497.28 503.20 Td (the ) Tj ET Q q 0 0 0 rg BT 510.75 503.20 Td (California ) Tj ET Q q 0 0 0 rg BT 546.88 503.20 Td (Civil ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 493.60 Td (Code ) Tj ET Q q 0 0 0 rg BT 71.64 493.60 Td (or ) Tj ET Q q 0 0 0 rg BT 81.28 493.60 Td (the ) Tj ET Q q 0 0 0 rg BT 94.92 493.60 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 140.11 493.60 Td (Code ) Tj ET Q q 0 0 0 rg BT 161.75 493.60 Td (including, ) Tj ET Q q 0 0 0 rg BT 198.07 493.60 Td (without ) Tj ET Q q 0 0 0 rg BT 225.94 493.60 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 262.25 493.60 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 275.43 493.60 Td (California ) Tj ET Q q 0 0 0 rg BT 311.74 493.60 Td (Civil ) Tj ET Q q 0 0 0 rg BT 329.37 493.60 Td (Code ) Tj ET Q q 0 0 0 rg BT 351.01 493.60 Td (Sections ) Tj ET Q q 0 0 0 rg BT 384.22 493.60 Td (2799, ) Tj ET Q q 0 0 0 rg BT 406.75 493.60 Td (2808, ) Tj ET Q q 0 0 0 rg BT 429.29 493.60 Td (2809, ) Tj ET Q q 0 0 0 rg BT 451.83 493.60 Td (2810, ) Tj ET Q q 0 0 0 rg BT 474.37 493.60 Td (2815, ) Tj ET Q q 0 0 0 rg BT 496.91 493.60 Td (2819, ) Tj ET Q q 0 0 0 rg BT 519.45 493.60 Td (2820, ) Tj ET Q q 0 0 0 rg BT 541.99 493.60 Td (2821, ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 484.00 Td (2822, ) Tj ET Q q 0 0 0 rg BT 72.69 484.00 Td (2838, ) Tj ET Q q 0 0 0 rg BT 95.38 484.00 Td (2839, ) Tj ET Q q 0 0 0 rg BT 118.08 484.00 Td (2845, ) Tj ET Q q 0 0 0 rg BT 140.77 484.00 Td (2846, ) Tj ET Q q 0 0 0 rg BT 163.46 484.00 Td (2847, ) Tj ET Q q 0 0 0 rg BT 186.15 484.00 Td (2848, ) Tj ET Q q 0 0 0 rg BT 208.85 484.00 Td (2849, ) Tj ET Q q 0 0 0 rg BT 231.54 484.00 Td (2850, ) Tj ET Q q 0 0 0 rg BT 254.23 484.00 Td (2899 ) Tj ET Q q 0 0 0 rg BT 274.70 484.00 Td (and ) Tj ET Q q 0 0 0 rg BT 290.72 484.00 Td (3433; ) Tj ET Q q 0 0 0 rg BT 313.41 484.00 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 326.75 484.00 Td (Chapter ) Tj ET Q q 0 0 0 rg BT 357.88 484.00 Td (2 ) Tj ET Q q 0 0 0 rg BT 365.01 484.00 Td (of ) Tj ET Q q 0 0 0 rg BT 374.18 484.00 Td (T) Tj ET Q q 0 0 0 rg BT 378.77 484.00 Td (itle ) Tj ET Q q 0 0 0 rg BT 391.67 484.00 Td (14 ) Tj ET Q q 0 0 0 rg BT 403.24 484.00 Td (of ) Tj ET Q q 0 0 0 rg BT 412.58 484.00 Td (the ) Tj ET Q q 0 0 0 rg BT 426.38 484.00 Td (California ) Tj ET Q q 0 0 0 rg BT 462.84 484.00 Td (Civil ) Tj ET Q q 0 0 0 rg BT 480.63 484.00 Td (Code; ) Tj ET Q q 0 0 0 rg BT 504.65 484.00 Td (or ) Tj ET Q q 0 0 0 rg BT 514.43 484.00 Td (\(C\) ) Tj ET Q q 0 0 0 rg BT 528.21 484.00 Td (California ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 474.40 Td (Commercial ) Tj ET Q q 0 0 0 rg BT 94.66 474.40 Td (Code ) Tj ET Q q 0 0 0 rg BT 115.77 474.40 Td (Section ) Tj ET Q q 0 0 0 rg BT 144.44 474.40 Td (3605; ) Tj ET Q q 0 0 0 rg BT 166.44 474.40 Td (\(vii\)the ) Tj ET Q q 0 0 0 rg BT 194.65 474.40 Td (benefit ) Tj ET Q q 0 0 0 rg BT 220.66 474.40 Td (of ) Tj ET Q q 0 0 0 rg BT 229.31 474.40 Td (any ) Tj ET Q q 0 0 0 rg BT 244.20 474.40 Td (statute ) Tj ET Q q 0 0 0 rg BT 270.20 474.40 Td (of ) Tj ET Q q 0 0 0 rg BT 278.85 474.40 Td (limitations ) Tj ET Q q 0 0 0 rg BT 316.40 474.40 Td (af) Tj ET Q q 0 0 0 rg BT 322.93 474.40 Td (fecting ) Tj ET Q q 0 0 0 rg BT 348.49 474.40 Td (its ) Tj ET Q q 0 0 0 rg BT 358.47 474.40 Td (liability ) Tj ET Q q 0 0 0 rg BT 384.46 474.40 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 422.92 474.40 Td (or ) Tj ET Q q 0 0 0 rg BT 432.02 474.40 Td (the ) Tj ET Q q 0 0 0 rg BT 445.13 474.40 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 491.58 474.40 Td (hereof; ) Tj ET Q q 0 0 0 rg BT 518.47 474.40 Td (\(vii\) ) Tj ET Q q 0 0 0 rg BT 533.34 474.40 Td (the ) Tj ET Q q 0 0 0 rg BT 546.44 474.40 Td (right ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 464.80 Td (of ) Tj ET Q q 0 0 0 rg BT 58.88 464.80 Td (subrogation, ) Tj ET Q q 0 0 0 rg BT 105.13 464.80 Td (indemnity ) Tj ET Q q 0 0 0 rg BT 141.57 464.80 Td (or ) Tj ET Q q 0 0 0 rg BT 150.90 464.80 Td (contribution, ) Tj ET Q q 0 0 0 rg BT 196.69 464.80 Td (all ) Tj ET Q q 0 0 0 rg BT 206.91 464.80 Td (right ) Tj ET Q q 0 0 0 rg BT 224.68 464.80 Td (to ) Tj ET Q q 0 0 0 rg BT 233.56 464.80 Td (enforce ) Tj ET Q q 0 0 0 rg BT 262.46 464.80 Td (any ) Tj ET Q q 0 0 0 rg BT 277.57 464.80 Td (remedy ) Tj ET Q q 0 0 0 rg BT 306.45 464.80 Td (Lender ) Tj ET Q q 0 0 0 rg BT 333.57 464.80 Td (may ) Tj ET Q q 0 0 0 rg BT 350.90 464.80 Td (have ) Tj ET Q q 0 0 0 rg BT 370.46 464.80 Td (against ) Tj ET Q q 0 0 0 rg BT 398.46 464.80 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 433.13 464.80 Td (or ) Tj ET Q q 0 0 0 rg BT 442.45 464.80 Td (any ) Tj ET Q q 0 0 0 rg BT 457.56 464.80 Td (other ) Tj ET Q q 0 0 0 rg BT 478.01 464.80 Td (person, ) Tj ET Q q 0 0 0 rg BT 506.90 464.80 Td (and ) Tj ET Q q 0 0 0 rg BT 522.46 464.80 Td (any ) Tj ET Q q 0 0 0 rg BT 537.57 464.80 Td (right ) Tj ET Q q 0 0 0 rg BT 555.34 464.80 Td (to ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 455.20 Td (participate ) Tj ET Q q 0 0 0 rg BT 89.14 455.20 Td (in ) Tj ET Q q 0 0 0 rg BT 97.60 455.20 Td (security ) Tj ET Q q 0 0 0 rg BT 127.39 455.20 Td (now ) Tj ET Q q 0 0 0 rg BT 144.30 455.20 Td (or ) Tj ET Q q 0 0 0 rg BT 153.65 455.20 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 187.90 455.20 Td (held ) Tj ET Q q 0 0 0 rg BT 205.25 455.20 Td (by ) Tj ET Q q 0 0 0 rg BT 215.93 455.20 Td (Lender ) Tj ET Q q 0 0 0 rg BT 243.08 455.20 Td (including, ) Tj ET Q q 0 0 0 rg BT 279.11 455.20 Td (without ) Tj ET Q q 0 0 0 rg BT 306.69 455.20 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 342.71 455.20 Td (any ) Tj ET Q q 0 0 0 rg BT 357.84 455.20 Td (such ) Tj ET Q q 0 0 0 rg BT 376.97 455.20 Td (right ) Tj ET Q q 0 0 0 rg BT 394.76 455.20 Td (set ) Tj ET Q q 0 0 0 rg BT 407.66 455.20 Td (forth ) Tj ET Q q 0 0 0 rg BT 425.90 455.20 Td (in ) Tj ET Q q 0 0 0 rg BT 434.36 455.20 Td (California ) Tj ET Q q 0 0 0 rg BT 470.39 455.20 Td (Civil ) Tj ET Q q 0 0 0 rg BT 487.73 455.20 Td (Code ) Tj ET Q q 0 0 0 rg BT 509.08 455.20 Td (Sections ) Tj ET Q q 0 0 0 rg BT 542.00 455.20 Td (1845, ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 445.60 Td (2848 ) Tj ET Q q 0 0 0 rg BT 70.22 445.60 Td (or ) Tj ET Q q 0 0 0 rg BT 79.76 445.60 Td (2849. ) Tj ET Q q 0 0 0 rg BT 102.20 445.60 Td ( ) Tj ET Q q 0 0 0 rg BT 104.15 445.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 120.35 445.60 Td (and ) Tj ET Q q 0 0 0 rg BT 136.13 445.60 Td (all ) Tj ET Q q 0 0 0 rg BT 146.56 445.60 Td (present ) Tj ET Q q 0 0 0 rg BT 175.66 445.60 Td (and ) Tj ET Q q 0 0 0 rg BT 191.44 445.60 Td (future ) Tj ET Q q 0 0 0 rg BT 214.32 445.60 Td (debts ) Tj ET Q q 0 0 0 rg BT 236.31 445.60 Td (and ) Tj ET Q q 0 0 0 rg BT 252.08 445.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 292.76 445.60 Td (of ) Tj ET Q q 0 0 0 rg BT 301.85 445.60 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 336.73 445.60 Td (to ) Tj ET Q q 0 0 0 rg BT 345.83 445.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 372.26 445.60 Td (are ) Tj ET Q q 0 0 0 rg BT 386.25 445.60 Td (hereby ) Tj ET Q q 0 0 0 rg BT 413.14 445.60 Td (postponed ) Tj ET Q q 0 0 0 rg BT 452.93 445.60 Td (in ) Tj ET Q q 0 0 0 rg BT 461.58 445.60 Td (favor ) Tj ET Q q 0 0 0 rg BT 481.79 445.60 Td (of ) Tj ET Q q 0 0 0 rg BT 490.88 445.60 Td (and ) Tj ET Q q 0 0 0 rg BT 506.66 445.60 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 555.34 445.60 Td (to ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 436.00 Td (the ) Tj ET Q q 0 0 0 rg BT 63.03 436.00 Td (full ) Tj ET Q q 0 0 0 rg BT 75.16 436.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 107.75 436.00 Td (and ) Tj ET Q q 0 0 0 rg BT 123.01 436.00 Td (performance ) Tj ET Q q 0 0 0 rg BT 169.82 436.00 Td (of ) Tj ET Q q 0 0 0 rg BT 178.40 436.00 Td (all ) Tj ET Q q 0 0 0 rg BT 188.31 436.00 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 237.81 436.00 Td (of ) Tj ET Q q 0 0 0 rg BT 246.39 436.00 Td (Borrower ) Tj ET Q q 0 0 0 rg BT 280.75 436.00 Td (to ) Tj ET Q q 0 0 0 rg BT 289.33 436.00 Td (Lender) Tj ET Q q 0 0 0 rg BT 313.80 436.00 Td (. ) Tj ET Q q 0 0 0 rg BT 317.93 436.00 Td ( ) Tj ET Q q 0 0 0 rg BT 319.83 436.00 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 345.75 436.00 Td (acknowledges ) Tj ET Q q 0 0 0 rg BT 398.36 436.00 Td (that ) Tj ET Q q 0 0 0 rg BT 413.61 436.00 Td (the ) Tj ET Q q 0 0 0 rg BT 426.64 436.00 Td (waivers ) Tj ET Q q 0 0 0 rg BT 455.66 436.00 Td (provided ) Tj ET Q q 0 0 0 rg BT 488.26 436.00 Td (herein ) Tj ET Q q 0 0 0 rg BT 512.40 436.00 Td (are ) Tj ET Q q 0 0 0 rg BT 525.87 436.00 Td (made ) Tj ET Q q 0 0 0 rg BT 547.79 436.00 Td (with ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 426.40 Td (Debtor) Tj ET Q q 0 0 0 rg BT 74.31 426.40 Td () Tj ET Q q 0 0 0 rg BT 75.94 426.40 Td (s ) Tj ET Q q 0 0 0 rg BT 82.16 426.40 Td (full ) Tj ET Q q 0 0 0 rg BT 94.61 426.40 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 135.09 426.40 Td (of ) Tj ET Q q 0 0 0 rg BT 143.98 426.40 Td (the ) Tj ET Q q 0 0 0 rg BT 157.32 426.40 Td (significance ) Tj ET Q q 0 0 0 rg BT 201.35 426.40 Td (and ) Tj ET Q q 0 0 0 rg BT 216.92 426.40 Td (consequence ) Tj ET Q q 0 0 0 rg BT 266.73 426.40 Td (of ) Tj ET Q q 0 0 0 rg BT 275.63 426.40 Td (such ) Tj ET Q q 0 0 0 rg BT 294.75 426.40 Td (waivers ) Tj ET Q q 0 0 0 rg BT 324.09 426.40 Td (and ) Tj ET Q q 0 0 0 rg BT 339.66 426.40 Td (that ) Tj ET Q q 0 0 0 rg BT 355.23 426.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 382.36 426.40 Td (is ) Tj ET Q q 0 0 0 rg BT 390.36 426.40 Td (relying ) Tj ET Q q 0 0 0 rg BT 416.15 426.40 Td (on ) Tj ET Q q 0 0 0 rg BT 427.27 426.40 Td (such ) Tj ET Q q 0 0 0 rg BT 446.39 426.40 Td (waivers.) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 281.55 407.20 Td (ARTICLE VIII) Tj ET Q BT /F5 8.00 Tf ET q 0 0 0 rg BT 271.30 397.60 Td (MISCELLANEOUS) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 378.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 378.40 Td (8.1 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 377.132421875 m 150.8984375 377.132421875 l s q 0 0 0 rg BT 122.00 378.40 Td (Notices) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 150.90 378.40 Td (. ) Tj ET Q q 0 0 0 rg BT 155.24 378.40 Td ( ) Tj ET Q q 0 0 0 rg BT 156.93 378.40 Td (Any ) Tj ET Q q 0 0 0 rg BT 172.83 378.40 Td (notice, ) Tj ET Q q 0 0 0 rg BT 198.51 378.40 Td (demand ) Tj ET Q q 0 0 0 rg BT 229.54 378.40 Td (or ) Tj ET Q q 0 0 0 rg BT 238.77 378.40 Td (request ) Tj ET Q q 0 0 0 rg BT 267.56 378.40 Td (required ) Tj ET Q q 0 0 0 rg BT 299.03 378.40 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 337.62 378.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 356.18 378.40 Td (be ) Tj ET Q q 0 0 0 rg BT 367.20 378.40 Td (given ) Tj ET Q q 0 0 0 rg BT 388.44 378.40 Td (in ) Tj ET Q q 0 0 0 rg BT 396.78 378.40 Td (writing ) Tj ET Q q 0 0 0 rg BT 422.01 378.40 Td (\(at ) Tj ET Q q 0 0 0 rg BT 433.46 378.40 Td (the ) Tj ET Q q 0 0 0 rg BT 446.69 378.40 Td (addresses ) Tj ET Q q 0 0 0 rg BT 485.72 378.40 Td (set ) Tj ET Q q 0 0 0 rg BT 498.50 378.40 Td (forth ) Tj ET Q q 0 0 0 rg BT 516.63 378.40 Td (in ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 524.966796875 377.132421875 m 559.337890625 377.132421875 l s q 0 0 0 rg BT 524.97 378.40 Td (Exhibit) Tj ET Q q 0 0 0 rg BT 553.56 378.40 Td (A) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 559.34 378.40 Td (\) ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 368.80 Td (by ) Tj ET Q q 0 0 0 rg BT 59.93 368.80 Td (any ) Tj ET Q q 0 0 0 rg BT 74.30 368.80 Td (of ) Tj ET Q q 0 0 0 rg BT 82.45 368.80 Td (the ) Tj ET Q q 0 0 0 rg BT 95.05 368.80 Td (following ) Tj ET Q q 0 0 0 rg BT 127.66 368.80 Td (means: ) Tj ET Q q 0 0 0 rg BT 155.37 368.80 Td ( ) Tj ET Q q 0 0 0 rg BT 156.85 368.80 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 165.43 368.80 Td (personal ) Tj ET Q q 0 0 0 rg BT 197.60 368.80 Td (service; ) Tj ET Q q 0 0 0 rg BT 226.64 368.80 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 237.00 368.80 Td (electronic ) Tj ET Q q 0 0 0 rg BT 272.72 368.80 Td (communication, ) Tj ET Q q 0 0 0 rg BT 330.22 368.80 Td (whether ) Tj ET Q q 0 0 0 rg BT 360.16 368.80 Td (by ) Tj ET Q q 0 0 0 rg BT 370.08 368.80 Td (telex, ) Tj ET Q q 0 0 0 rg BT 390.68 368.80 Td (telegram ) Tj ET Q q 0 0 0 rg BT 423.29 368.80 Td (or ) Tj ET Q q 0 0 0 rg BT 431.88 368.80 Td (telecopying ) Tj ET Q q 0 0 0 rg BT 473.83 368.80 Td (or ) Tj ET Q q 0 0 0 rg BT 482.42 368.80 Td (other ) Tj ET Q q 0 0 0 rg BT 502.13 368.80 Td (form ) Tj ET Q q 0 0 0 rg BT 519.61 368.80 Td (of ) Tj ET Q q 0 0 0 rg BT 527.76 368.80 Td (electronic ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 359.20 Td (communication; ) Tj ET Q q 0 0 0 rg BT 108.60 359.20 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 121.83 359.20 Td (overnight ) Tj ET Q q 0 0 0 rg BT 157.31 359.20 Td (courier; ) Tj ET Q q 0 0 0 rg BT 186.56 359.20 Td (or ) Tj ET Q q 0 0 0 rg BT 196.25 359.20 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 209.93 359.20 Td (registered ) Tj ET Q q 0 0 0 rg BT 248.08 359.20 Td (or ) Tj ET Q q 0 0 0 rg BT 257.76 359.20 Td (certified, ) Tj ET Q q 0 0 0 rg BT 290.57 359.20 Td (first ) Tj ET Q q 0 0 0 rg BT 306.03 359.20 Td (class ) Tj ET Q q 0 0 0 rg BT 326.83 359.20 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 344.96 359.20 Td (mail, ) Tj ET Q q 0 0 0 rg BT 364.42 359.20 Td (return ) Tj ET Q q 0 0 0 rg BT 387.90 359.20 Td (receipt ) Tj ET Q q 0 0 0 rg BT 414.48 359.20 Td (requested, ) Tj ET Q q 0 0 0 rg BT 454.86 359.20 Td (or ) Tj ET Q q 0 0 0 rg BT 464.55 359.20 Td (to ) Tj ET Q q 0 0 0 rg BT 473.79 359.20 Td (such ) Tj ET Q q 0 0 0 rg BT 493.26 359.20 Td (other ) Tj ET Q q 0 0 0 rg BT 514.07 359.20 Td (addresses ) Tj ET Q q 0 0 0 rg BT 553.55 359.20 Td (as ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 349.60 Td (Lender ) Tj ET Q q 0 0 0 rg BT 77.13 349.60 Td (or ) Tj ET Q q 0 0 0 rg BT 86.47 349.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 112.70 349.60 Td (may ) Tj ET Q q 0 0 0 rg BT 130.04 349.60 Td (specify ) Tj ET Q q 0 0 0 rg BT 157.16 349.60 Td (from ) Tj ET Q q 0 0 0 rg BT 175.38 349.60 Td (time ) Tj ET Q q 0 0 0 rg BT 192.72 349.60 Td (to ) Tj ET Q q 0 0 0 rg BT 201.61 349.60 Td (time ) Tj ET Q q 0 0 0 rg BT 218.95 349.60 Td (in ) Tj ET Q q 0 0 0 rg BT 227.40 349.60 Td (writing. ) Tj ET Q q 0 0 0 rg BT 254.96 349.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 334.60 Td (\(a\) ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 158.00 334.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 174.07 334.60 Td (notice, ) Tj ET Q q 0 0 0 rg BT 199.92 334.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 231.12 334.60 Td (or ) Tj ET Q q 0 0 0 rg BT 240.52 334.60 Td (request ) Tj ET Q q 0 0 0 rg BT 269.49 334.60 Td (sent ) Tj ET Q q 0 0 0 rg BT 286.89 334.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 320.31 334.60 Td (to ) Tj ET Q q 0 0 0 rg BT 329.27 334.60 Td (either ) Tj ET Q q 0 0 0 rg BT 351.56 334.60 Td (subsection ) Tj ET Q q 0 0 0 rg BT 392.09 334.60 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 401.48 334.60 Td (or ) Tj ET Q q 0 0 0 rg BT 410.88 334.60 Td (\(ii\), ) Tj ET Q q 0 0 0 rg BT 424.27 334.60 Td (above, ) Tj ET Q q 0 0 0 rg BT 450.58 334.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 469.31 334.60 Td (be ) Tj ET Q q 0 0 0 rg BT 480.50 334.60 Td (deemed ) Tj ET Q q 0 0 0 rg BT 511.69 334.60 Td (received ) Tj ET Q q 0 0 0 rg BT 544.21 334.60 Td (upon ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 325.00 Td (such ) Tj ET Q q 0 0 0 rg BT 69.12 325.00 Td (personal ) Tj ET Q q 0 0 0 rg BT 102.03 325.00 Td (service ) Tj ET Q q 0 0 0 rg BT 129.59 325.00 Td (or ) Tj ET Q q 0 0 0 rg BT 138.93 325.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 158.95 325.00 Td (dispatch ) Tj ET Q q 0 0 0 rg BT 190.97 325.00 Td (by ) Tj ET Q q 0 0 0 rg BT 201.64 325.00 Td (electronic ) Tj ET Q q 0 0 0 rg BT 238.10 325.00 Td (means. ) Tj ET Q q 0 0 0 rg BT 266.56 325.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 310.00 Td (\(b\) ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 158.00 310.00 Td (Any ) Tj ET Q q 0 0 0 rg BT 174.07 310.00 Td (notice, ) Tj ET Q q 0 0 0 rg BT 199.93 310.00 Td (demand ) Tj ET Q q 0 0 0 rg BT 231.13 310.00 Td (or ) Tj ET Q q 0 0 0 rg BT 240.53 310.00 Td (request ) Tj ET Q q 0 0 0 rg BT 269.50 310.00 Td (sent ) Tj ET Q q 0 0 0 rg BT 286.91 310.00 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 320.33 310.00 Td (to ) Tj ET Q q 0 0 0 rg BT 329.29 310.00 Td (subsection ) Tj ET Q q 0 0 0 rg BT 369.82 310.00 Td (\(iii\), ) Tj ET Q q 0 0 0 rg BT 384.99 310.00 Td (above, ) Tj ET Q q 0 0 0 rg BT 411.30 310.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 430.04 310.00 Td (be ) Tj ET Q q 0 0 0 rg BT 441.23 310.00 Td (deemed ) Tj ET Q q 0 0 0 rg BT 472.42 310.00 Td (received ) Tj ET Q q 0 0 0 rg BT 504.95 310.00 Td (on ) Tj ET Q q 0 0 0 rg BT 516.14 310.00 Td (the ) Tj ET Q q 0 0 0 rg BT 529.55 310.00 Td (Business ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 300.40 Td (Day ) Tj ET Q q 0 0 0 rg BT 66.50 300.40 Td (immediately ) Tj ET Q q 0 0 0 rg BT 111.46 300.40 Td (following ) Tj ET Q q 0 0 0 rg BT 144.86 300.40 Td (deposit ) Tj ET Q q 0 0 0 rg BT 172.94 300.40 Td (with ) Tj ET Q q 0 0 0 rg BT 189.44 300.40 Td (the ) Tj ET Q q 0 0 0 rg BT 202.83 300.40 Td (overnight ) Tj ET Q q 0 0 0 rg BT 238.02 300.40 Td (courier) Tj ET Q q 0 0 0 rg BT 262.03 300.40 Td (, ) Tj ET Q q 0 0 0 rg BT 266.53 300.40 Td (and, ) Tj ET Q q 0 0 0 rg BT 284.38 300.40 Td (if ) Tj ET Q q 0 0 0 rg BT 290.65 300.40 Td (sent ) Tj ET Q q 0 0 0 rg BT 308.05 300.40 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 341.46 300.40 Td (to ) Tj ET Q q 0 0 0 rg BT 350.41 300.40 Td (subsection ) Tj ET Q q 0 0 0 rg BT 390.93 300.40 Td (\(iv\), ) Tj ET Q q 0 0 0 rg BT 406.53 300.40 Td (above, ) Tj ET Q q 0 0 0 rg BT 432.83 300.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 451.56 300.40 Td (be ) Tj ET Q q 0 0 0 rg BT 462.73 300.40 Td (deemed ) Tj ET Q q 0 0 0 rg BT 493.92 300.40 Td (received ) Tj ET Q q 0 0 0 rg BT 526.43 300.40 Td (forty-eight ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 290.80 Td (\(48\) ) Tj ET Q q 0 0 0 rg BT 66.45 290.80 Td (hours ) Tj ET Q q 0 0 0 rg BT 88.68 290.80 Td (following ) Tj ET Q q 0 0 0 rg BT 122.04 290.80 Td (deposit ) Tj ET Q q 0 0 0 rg BT 150.05 290.80 Td (into ) Tj ET Q q 0 0 0 rg BT 165.18 290.80 Td (the ) Tj ET Q q 0 0 0 rg BT 178.52 290.80 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 196.30 290.80 Td (mail.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 271.60 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 271.60 Td (8.2 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 270.332421875 m 177.0205078125 270.332421875 l s q 0 0 0 rg BT 122.00 271.60 Td (Choice ) Tj ET Q q 0 0 0 rg BT 151.29 271.60 Td (of ) Tj ET Q q 0 0 0 rg BT 161.46 271.60 Td (Law) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 177.02 271.60 Td (. ) Tj ET Q q 0 0 0 rg BT 181.86 271.60 Td ( ) Tj ET Q q 0 0 0 rg BT 184.31 271.60 Td (This ) Tj ET Q q 0 0 0 rg BT 201.53 271.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 243.28 271.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 262.35 271.60 Td (be ) Tj ET Q q 0 0 0 rg BT 273.87 271.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 316.51 271.60 Td (under) Tj ET Q q 0 0 0 rg BT 336.53 271.60 Td (, ) Tj ET Q q 0 0 0 rg BT 341.37 271.60 Td (governed ) Tj ET Q q 0 0 0 rg BT 377.35 271.60 Td (by ) Tj ET Q q 0 0 0 rg BT 388.42 271.60 Td (and ) Tj ET Q q 0 0 0 rg BT 404.39 271.60 Td (construed ) Tj ET Q q 0 0 0 rg BT 442.14 271.60 Td (in ) Tj ET Q q 0 0 0 rg BT 450.99 271.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 494.97 271.60 Td (with ) Tj ET Q q 0 0 0 rg BT 511.81 271.60 Td (California ) Tj ET Q q 0 0 0 rg BT 548.23 271.60 Td (law) Tj ET Q q 0 0 0 rg BT 559.79 271.60 Td (. ) Tj ET Q q 0 0 0 rg BT 564.23 271.60 Td ( ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 262.00 Td (The ) Tj ET Q q 0 0 0 rg BT 66.09 262.00 Td (parties ) Tj ET Q q 0 0 0 rg BT 92.41 262.00 Td (agree ) Tj ET Q q 0 0 0 rg BT 115.17 262.00 Td (that ) Tj ET Q q 0 0 0 rg BT 130.82 262.00 Td (all ) Tj ET Q q 0 0 0 rg BT 141.13 262.00 Td (actions ) Tj ET Q q 0 0 0 rg BT 168.78 262.00 Td (or ) Tj ET Q q 0 0 0 rg BT 178.20 262.00 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 224.09 262.00 Td (arising ) Tj ET Q q 0 0 0 rg BT 249.96 262.00 Td (in ) Tj ET Q q 0 0 0 rg BT 258.49 262.00 Td (connection ) Tj ET Q q 0 0 0 rg BT 299.49 262.00 Td (with ) Tj ET Q q 0 0 0 rg BT 316.02 262.00 Td (this ) Tj ET Q q 0 0 0 rg BT 330.31 262.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 371.75 262.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 390.51 262.00 Td (be ) Tj ET Q q 0 0 0 rg BT 401.71 262.00 Td (litigated ) Tj ET Q q 0 0 0 rg BT 431.59 262.00 Td (only ) Tj ET Q q 0 0 0 rg BT 448.57 262.00 Td (in ) Tj ET Q q 0 0 0 rg BT 457.10 262.00 Td (the ) Tj ET Q q 0 0 0 rg BT 470.52 262.00 Td (state ) Tj ET Q q 0 0 0 rg BT 490.17 262.00 Td (courts ) Tj ET Q q 0 0 0 rg BT 514.26 262.00 Td (located ) Tj ET Q q 0 0 0 rg BT 542.36 262.00 Td (in ) Tj ET Q q 0 0 0 rg BT 550.89 262.00 Td (the ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 252.40 Td (County ) Tj ET Q q 0 0 0 rg BT 77.25 252.40 Td (of ) Tj ET Q q 0 0 0 rg BT 85.82 252.40 Td (San ) Tj ET Q q 0 0 0 rg BT 101.95 252.40 Td (Francisco, ) Tj ET Q q 0 0 0 rg BT 140.74 252.40 Td (State ) Tj ET Q q 0 0 0 rg BT 161.32 252.40 Td (of ) Tj ET Q q 0 0 0 rg BT 169.89 252.40 Td (California, ) Tj ET Q q 0 0 0 rg BT 207.81 252.40 Td (or ) Tj ET Q q 0 0 0 rg BT 216.82 252.40 Td (the ) Tj ET Q q 0 0 0 rg BT 229.84 252.40 Td (federal ) Tj ET Q q 0 0 0 rg BT 256.19 252.40 Td (courts ) Tj ET Q q 0 0 0 rg BT 279.88 252.40 Td (located ) Tj ET Q q 0 0 0 rg BT 307.57 252.40 Td (in ) Tj ET Q q 0 0 0 rg BT 315.70 252.40 Td (the ) Tj ET Q q 0 0 0 rg BT 328.72 252.40 Td (Northern ) Tj ET Q q 0 0 0 rg BT 361.74 252.40 Td (District ) Tj ET Q q 0 0 0 rg BT 388.08 252.40 Td (of ) Tj ET Q q 0 0 0 rg BT 396.65 252.40 Td (California. ) Tj ET Q q 0 0 0 rg BT 434.56 252.40 Td ( ) Tj ET Q q 0 0 0 rg BT 436.46 252.40 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 462.37 252.40 Td (waives ) Tj ET Q q 0 0 0 rg BT 488.72 252.40 Td (any ) Tj ET Q q 0 0 0 rg BT 503.52 252.40 Td (right ) Tj ET Q q 0 0 0 rg BT 520.98 252.40 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 546.89 252.40 Td (may ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 242.80 Td (have ) Tj ET Q q 0 0 0 rg BT 69.57 242.80 Td (to ) Tj ET Q q 0 0 0 rg BT 78.46 242.80 Td (assert ) Tj ET Q q 0 0 0 rg BT 102.47 242.80 Td (the ) Tj ET Q q 0 0 0 rg BT 115.82 242.80 Td (doctrine ) Tj ET Q q 0 0 0 rg BT 146.50 242.80 Td (of ) Tj ET Q BT /F7 8.00 Tf ET q 0 0 0 rg BT 155.39 242.80 Td (forum ) Tj ET Q q 0 0 0 rg BT 178.07 242.80 Td (non ) Tj ET Q q 0 0 0 rg BT 193.64 242.80 Td (conveniens) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 234.11 242.80 Td ( ) Tj ET Q q 0 0 0 rg BT 236.33 242.80 Td (or ) Tj ET Q q 0 0 0 rg BT 245.67 242.80 Td (to ) Tj ET Q q 0 0 0 rg BT 254.56 242.80 Td (object ) Tj ET Q q 0 0 0 rg BT 278.13 242.80 Td (to ) Tj ET Q q 0 0 0 rg BT 287.03 242.80 Td (such ) Tj ET Q q 0 0 0 rg BT 306.15 242.80 Td (venue ) Tj ET Q q 0 0 0 rg BT 330.17 242.80 Td (and ) Tj ET Q q 0 0 0 rg BT 345.74 242.80 Td (hereby ) Tj ET Q q 0 0 0 rg BT 372.42 242.80 Td (consents ) Tj ET Q q 0 0 0 rg BT 406.66 242.80 Td (to ) Tj ET Q q 0 0 0 rg BT 415.56 242.80 Td (any ) Tj ET Q q 0 0 0 rg BT 430.68 242.80 Td (court-ordered ) Tj ET Q q 0 0 0 rg BT 480.93 242.80 Td (relief.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 223.60 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 223.60 Td (8.3 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 222.33242187500002 m 267.3720703125 222.33242187500002 l s q 0 0 0 rg BT 122.00 223.60 Td (Successors ) Tj ET Q q 0 0 0 rg BT 169.36 223.60 Td (and ) Tj ET Q q 0 0 0 rg BT 185.69 223.60 Td (Assigns; ) Tj ET Q q 0 0 0 rg BT 221.59 223.60 Td (Assignment) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 267.37 223.60 Td (. ) Tj ET Q q 0 0 0 rg BT 272.03 223.60 Td ( ) Tj ET Q q 0 0 0 rg BT 274.31 223.60 Td (This ) Tj ET Q q 0 0 0 rg BT 291.38 223.60 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 332.95 223.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 351.84 223.60 Td (be ) Tj ET Q q 0 0 0 rg BT 363.17 223.60 Td (binding ) Tj ET Q q 0 0 0 rg BT 391.41 223.60 Td (and ) Tj ET Q q 0 0 0 rg BT 407.20 223.60 Td (deemed ) Tj ET Q q 0 0 0 rg BT 438.55 223.60 Td (ef) Tj ET Q q 0 0 0 rg BT 445.07 223.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 470.63 223.60 Td (when ) Tj ET Q q 0 0 0 rg BT 492.19 223.60 Td (executed ) Tj ET Q q 0 0 0 rg BT 527.10 223.60 Td (by ) Tj ET Q q 0 0 0 rg BT 537.99 223.60 Td (Debtor ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 214.00 Td (and ) Tj ET Q q 0 0 0 rg BT 65.51 214.00 Td (accepted ) Tj ET Q q 0 0 0 rg BT 100.13 214.00 Td (and ) Tj ET Q q 0 0 0 rg BT 115.64 214.00 Td (executed ) Tj ET Q q 0 0 0 rg BT 150.27 214.00 Td (by ) Tj ET Q q 0 0 0 rg BT 160.88 214.00 Td (Lender) Tj ET Q q 0 0 0 rg BT 185.34 214.00 Td (. ) Tj ET Q q 0 0 0 rg BT 189.73 214.00 Td ( ) Tj ET Q q 0 0 0 rg BT 191.74 214.00 Td (This ) Tj ET Q q 0 0 0 rg BT 208.59 214.00 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 249.88 214.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 268.49 214.00 Td (be ) Tj ET Q q 0 0 0 rg BT 279.55 214.00 Td (binding ) Tj ET Q q 0 0 0 rg BT 307.51 214.00 Td (on ) Tj ET Q q 0 0 0 rg BT 318.56 214.00 Td (Lender's ) Tj ET Q q 0 0 0 rg BT 351.16 214.00 Td (and ) Tj ET Q q 0 0 0 rg BT 366.67 214.00 Td (Debtor's ) Tj ET Q q 0 0 0 rg BT 398.36 214.00 Td (successors ) Tj ET Q q 0 0 0 rg BT 440.53 214.00 Td (and ) Tj ET Q q 0 0 0 rg BT 456.04 214.00 Td (assigns. ) Tj ET Q q 0 0 0 rg BT 487.55 214.00 Td ( ) Tj ET Q q 0 0 0 rg BT 489.71 214.00 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 515.88 214.00 Td (agrees ) Tj ET Q q 0 0 0 rg BT 542.50 214.00 Td (that ) Tj ET Q q 0 0 0 rg BT 558.00 214.00 Td (it ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 204.40 Td (may ) Tj ET Q q 0 0 0 rg BT 67.63 204.40 Td (not ) Tj ET Q q 0 0 0 rg BT 81.27 204.40 Td (assign ) Tj ET Q q 0 0 0 rg BT 106.91 204.40 Td (this ) Tj ET Q q 0 0 0 rg BT 121.37 204.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 163.02 204.40 Td (without ) Tj ET Q q 0 0 0 rg BT 190.88 204.40 Td (Lender's ) Tj ET Q q 0 0 0 rg BT 223.84 204.40 Td (prior ) Tj ET Q q 0 0 0 rg BT 242.36 204.40 Td (written ) Tj ET Q q 0 0 0 rg BT 268.43 204.40 Td (consent. ) Tj ET Q q 0 0 0 rg BT 301.19 204.40 Td ( ) Tj ET Q q 0 0 0 rg BT 303.71 204.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 331.13 204.40 Td (may ) Tj ET Q q 0 0 0 rg BT 348.76 204.40 Td (assign, ) Tj ET Q q 0 0 0 rg BT 376.63 204.40 Td (in ) Tj ET Q q 0 0 0 rg BT 385.37 204.40 Td (whole ) Tj ET Q q 0 0 0 rg BT 408.79 204.40 Td (or ) Tj ET Q q 0 0 0 rg BT 418.41 204.40 Td (in ) Tj ET Q q 0 0 0 rg BT 427.16 204.40 Td (part, ) Tj ET Q q 0 0 0 rg BT 445.68 204.40 Td (all ) Tj ET Q q 0 0 0 rg BT 456.20 204.40 Td (of ) Tj ET Q q 0 0 0 rg BT 465.39 204.40 Td (its ) Tj ET Q q 0 0 0 rg BT 475.90 204.40 Td (right, ) Tj ET Q q 0 0 0 rg BT 496.20 204.40 Td (title ) Tj ET Q q 0 0 0 rg BT 511.17 204.40 Td (and ) Tj ET Q q 0 0 0 rg BT 527.03 204.40 Td (interest ) Tj ET Q q 0 0 0 rg BT 555.78 204.40 Td (in ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 194.80 Td (and ) Tj ET Q q 0 0 0 rg BT 66.22 194.80 Td (to ) Tj ET Q q 0 0 0 rg BT 75.77 194.80 Td (this ) Tj ET Q q 0 0 0 rg BT 90.53 194.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 132.54 194.80 Td (in ) Tj ET Q q 0 0 0 rg BT 141.64 194.80 Td (accordance ) Tj ET Q q 0 0 0 rg BT 185.88 194.80 Td (with ) Tj ET Q q 0 0 0 rg BT 202.98 194.80 Td (the ) Tj ET Q q 0 0 0 rg BT 216.98 194.80 Td (Loan ) Tj ET Q q 0 0 0 rg BT 237.08 194.80 Td (Agreements. ) Tj ET Q q 0 0 0 rg BT 285.31 194.80 Td ( ) Tj ET Q q 0 0 0 rg BT 288.19 194.80 Td (In ) Tj ET Q q 0 0 0 rg BT 297.74 194.80 Td (connection ) Tj ET Q q 0 0 0 rg BT 339.31 194.80 Td (with ) Tj ET Q q 0 0 0 rg BT 356.42 194.80 Td (any ) Tj ET Q q 0 0 0 rg BT 372.19 194.80 Td (assignment, ) Tj ET Q q 0 0 0 rg BT 418.20 194.80 Td (Lender ) Tj ET Q q 0 0 0 rg BT 445.99 194.80 Td (may ) Tj ET Q q 0 0 0 rg BT 463.98 194.80 Td (disclose ) Tj ET Q q 0 0 0 rg BT 495.76 194.80 Td (all ) Tj ET Q q 0 0 0 rg BT 506.64 194.80 Td (documents ) Tj ET Q q 0 0 0 rg BT 548.65 194.80 Td (and ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 185.20 Td (information ) Tj ET Q q 0 0 0 rg BT 91.25 185.20 Td (that ) Tj ET Q q 0 0 0 rg BT 106.26 185.20 Td (Lender ) Tj ET Q q 0 0 0 rg BT 132.85 185.20 Td (has ) Tj ET Q q 0 0 0 rg BT 147.42 185.20 Td (or ) Tj ET Q q 0 0 0 rg BT 156.21 185.20 Td (may ) Tj ET Q q 0 0 0 rg BT 172.99 185.20 Td (hereafter ) Tj ET Q q 0 0 0 rg BT 206.69 185.20 Td (have ) Tj ET Q q 0 0 0 rg BT 225.71 185.20 Td (relating ) Tj ET Q q 0 0 0 rg BT 253.62 185.20 Td (to ) Tj ET Q q 0 0 0 rg BT 261.96 185.20 Td (Debtor) Tj ET Q q 0 0 0 rg BT 285.53 185.20 Td (. ) Tj ET Q q 0 0 0 rg BT 289.43 185.20 Td ( ) Tj ET Q q 0 0 0 rg BT 291.10 185.20 Td (No ) Tj ET Q q 0 0 0 rg BT 303.00 185.20 Td (consent ) Tj ET Q q 0 0 0 rg BT 332.70 185.20 Td (to ) Tj ET Q q 0 0 0 rg BT 341.04 185.20 Td (an ) Tj ET Q q 0 0 0 rg BT 351.61 185.20 Td (assignment ) Tj ET Q q 0 0 0 rg BT 394.20 185.20 Td (by ) Tj ET Q q 0 0 0 rg BT 404.32 185.20 Td (Lender ) Tj ET Q q 0 0 0 rg BT 430.90 185.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 449.03 185.20 Td (release ) Tj ET Q q 0 0 0 rg BT 476.94 185.20 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 502.63 185.20 Td (or ) Tj ET Q q 0 0 0 rg BT 511.41 185.20 Td (any ) Tj ET Q q 0 0 0 rg BT 525.98 185.20 Td (Guarantor ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 175.60 Td (from ) Tj ET Q q 0 0 0 rg BT 68.22 175.60 Td (their ) Tj ET Q q 0 0 0 rg BT 86.01 175.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 126.48 175.60 Td (to ) Tj ET Q q 0 0 0 rg BT 135.38 175.60 Td (Lender) Tj ET Q q 0 0 0 rg BT 159.84 175.60 Td (.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 156.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 156.40 Td (8.4 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 155.13242187499998 m 202.11572265625 155.13242187499998 l s q 0 0 0 rg BT 122.00 156.40 Td (Severability; ) Tj ET Q q 0 0 0 rg BT 171.73 156.40 Td (W) Tj ET Q q 0 0 0 rg BT 178.98 156.40 Td (aivers) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 202.12 156.40 Td (. ) Tj ET Q q 0 0 0 rg BT 206.49 156.40 Td ( ) Tj ET Q q 0 0 0 rg BT 208.64 156.40 Td (Each ) Tj ET Q q 0 0 0 rg BT 229.03 156.40 Td (provision ) Tj ET Q q 0 0 0 rg BT 263.19 156.40 Td (of ) Tj ET Q q 0 0 0 rg BT 272.01 156.40 Td (this ) Tj ET Q q 0 0 0 rg BT 286.19 156.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 327.47 156.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 346.08 156.40 Td (be ) Tj ET Q q 0 0 0 rg BT 357.12 156.40 Td (severable ) Tj ET Q q 0 0 0 rg BT 393.96 156.40 Td (from ) Tj ET Q q 0 0 0 rg BT 412.11 156.40 Td (every ) Tj ET Q q 0 0 0 rg BT 433.83 156.40 Td (other ) Tj ET Q q 0 0 0 rg BT 454.21 156.40 Td (provision ) Tj ET Q q 0 0 0 rg BT 488.38 156.40 Td (of ) Tj ET Q q 0 0 0 rg BT 497.20 156.40 Td (this ) Tj ET Q q 0 0 0 rg BT 511.37 156.40 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 552.66 156.40 Td (for ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 146.80 Td (the ) Tj ET Q q 0 0 0 rg BT 63.09 146.80 Td (purpose ) Tj ET Q q 0 0 0 rg BT 93.98 146.80 Td (of ) Tj ET Q q 0 0 0 rg BT 102.62 146.80 Td (determining ) Tj ET Q q 0 0 0 rg BT 146.40 146.80 Td (the ) Tj ET Q q 0 0 0 rg BT 159.49 146.80 Td (legal ) Tj ET Q q 0 0 0 rg BT 178.37 146.80 Td (enforceability ) Tj ET Q q 0 0 0 rg BT 227.48 146.80 Td (of ) Tj ET Q q 0 0 0 rg BT 236.12 146.80 Td (any ) Tj ET Q q 0 0 0 rg BT 250.99 146.80 Td (provision. ) Tj ET Q q 0 0 0 rg BT 287.20 146.80 Td ( ) Tj ET Q q 0 0 0 rg BT 289.18 146.80 Td (No ) Tj ET Q q 0 0 0 rg BT 301.38 146.80 Td (waiver ) Tj ET Q q 0 0 0 rg BT 326.47 146.80 Td (by ) Tj ET Q q 0 0 0 rg BT 336.89 146.80 Td (the ) Tj ET Q q 0 0 0 rg BT 349.98 146.80 Td (Lender ) Tj ET Q q 0 0 0 rg BT 376.87 146.80 Td (of ) Tj ET Q q 0 0 0 rg BT 385.51 146.80 Td (any ) Tj ET Q q 0 0 0 rg BT 400.38 146.80 Td (of ) Tj ET Q q 0 0 0 rg BT 409.03 146.80 Td (its ) Tj ET Q q 0 0 0 rg BT 419.00 146.80 Td (rights ) Tj ET Q q 0 0 0 rg BT 440.54 146.80 Td (or ) Tj ET Q q 0 0 0 rg BT 449.62 146.80 Td (remedies ) Tj ET Q q 0 0 0 rg BT 484.50 146.80 Td (in ) Tj ET Q q 0 0 0 rg BT 492.70 146.80 Td (connection ) Tj ET Q q 0 0 0 rg BT 533.37 146.80 Td (with ) Tj ET Q q 0 0 0 rg BT 549.57 146.80 Td (this ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 137.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 91.24 137.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 109.80 137.20 Td (be ) Tj ET Q q 0 0 0 rg BT 120.81 137.20 Td (ef) Tj ET Q q 0 0 0 rg BT 127.33 137.20 Td (fective ) Tj ET Q q 0 0 0 rg BT 152.56 137.20 Td (unless ) Tj ET Q q 0 0 0 rg BT 177.79 137.20 Td (such ) Tj ET Q q 0 0 0 rg BT 196.80 137.20 Td (waiver ) Tj ET Q q 0 0 0 rg BT 222.03 137.20 Td (is ) Tj ET Q q 0 0 0 rg BT 229.91 137.20 Td (in ) Tj ET Q q 0 0 0 rg BT 238.24 137.20 Td (writing ) Tj ET Q q 0 0 0 rg BT 263.47 137.20 Td (and ) Tj ET Q q 0 0 0 rg BT 278.92 137.20 Td (signed ) Tj ET Q q 0 0 0 rg BT 304.61 137.20 Td (by ) Tj ET Q q 0 0 0 rg BT 315.16 137.20 Td (the ) Tj ET Q q 0 0 0 rg BT 328.39 137.20 Td (Lender) Tj ET Q q 0 0 0 rg BT 352.86 137.20 Td (. ) Tj ET Q q 0 0 0 rg BT 357.19 137.20 Td ( ) Tj ET Q q 0 0 0 rg BT 359.30 137.20 Td (No ) Tj ET Q q 0 0 0 rg BT 371.63 137.20 Td (act ) Tj ET Q q 0 0 0 rg BT 384.41 137.20 Td (or ) Tj ET Q q 0 0 0 rg BT 393.63 137.20 Td (omission ) Tj ET Q q 0 0 0 rg BT 427.30 137.20 Td (by ) Tj ET Q q 0 0 0 rg BT 437.86 137.20 Td (Lender ) Tj ET Q q 0 0 0 rg BT 464.88 137.20 Td (to ) Tj ET Q q 0 0 0 rg BT 473.66 137.20 Td (exercise ) Tj ET Q q 0 0 0 rg BT 505.55 137.20 Td (a ) Tj ET Q q 0 0 0 rg BT 512.11 137.20 Td (right ) Tj ET Q q 0 0 0 rg BT 529.78 137.20 Td (as ) Tj ET Q q 0 0 0 rg BT 540.34 137.20 Td (to ) Tj ET Q q 0 0 0 rg BT 549.12 137.20 Td (any ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 127.60 Td (event ) Tj ET Q q 0 0 0 rg BT 71.79 127.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 90.47 127.60 Td (be ) Tj ET Q q 0 0 0 rg BT 101.59 127.60 Td (construed ) Tj ET Q q 0 0 0 rg BT 138.95 127.60 Td (as ) Tj ET Q q 0 0 0 rg BT 149.62 127.60 Td (continuing, ) Tj ET Q q 0 0 0 rg BT 190.54 127.60 Td (or ) Tj ET Q q 0 0 0 rg BT 199.87 127.60 Td (as ) Tj ET Q q 0 0 0 rg BT 210.54 127.60 Td (a ) Tj ET Q q 0 0 0 rg BT 217.21 127.60 Td (waiver ) Tj ET Q q 0 0 0 rg BT 242.55 127.60 Td (or ) Tj ET Q q 0 0 0 rg BT 251.89 127.60 Td (release ) Tj ET Q q 0 0 0 rg BT 280.35 127.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 291.47 127.60 Td (any ) Tj ET Q q 0 0 0 rg BT 306.59 127.60 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 350.18 127.60 Td (right, ) Tj ET Q q 0 0 0 rg BT 370.19 127.60 Td (remedy ) Tj ET Q q 0 0 0 rg BT 399.09 127.60 Td (or ) Tj ET Q q 0 0 0 rg BT 408.42 127.60 Td (recourse ) Tj ET Q q 0 0 0 rg BT 441.77 127.60 Td (as ) Tj ET Q q 0 0 0 rg BT 452.44 127.60 Td (to ) Tj ET Q q 0 0 0 rg BT 461.34 127.60 Td (a ) Tj ET Q q 0 0 0 rg BT 468.01 127.60 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 511.60 127.60 Td (event.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 108.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 108.40 Td (8.5 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 107.13242187499998 m 180.73779296875 107.13242187499998 l s q 0 0 0 rg BT 122.00 108.40 Td (Attorneys' ) Tj ET Q q 0 0 0 rg BT 162.50 108.40 Td (Fees) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 180.74 108.40 Td (. ) Tj ET Q q 0 0 0 rg BT 184.22 108.40 Td ( ) Tj ET Q q 0 0 0 rg BT 185.48 108.40 Td (On ) Tj ET Q q 0 0 0 rg BT 197.42 108.40 Td (demand ) Tj ET Q q 0 0 0 rg BT 227.59 108.40 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 252.86 108.40 Td (shall ) Tj ET Q q 0 0 0 rg BT 270.57 108.40 Td (reimburse ) Tj ET Q q 0 0 0 rg BT 307.40 108.40 Td (Lender ) Tj ET Q q 0 0 0 rg BT 333.57 108.40 Td (for ) Tj ET Q q 0 0 0 rg BT 344.17 108.40 Td (all ) Tj ET Q q 0 0 0 rg BT 353.44 108.40 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 394.28 108.40 Td (costs ) Tj ET Q q 0 0 0 rg BT 414.22 108.40 Td (and ) Tj ET Q q 0 0 0 rg BT 428.83 108.40 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 466.56 108.40 Td (including, ) Tj ET Q q 0 0 0 rg BT 501.62 108.40 Td (without ) Tj ET Q q 0 0 0 rg BT 528.23 108.40 Td (limitation, ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 98.80 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 92.04 98.80 Td (attorneys' ) Tj ET Q q 0 0 0 rg BT 128.93 98.80 Td (fees, ) Tj ET Q q 0 0 0 rg BT 148.72 98.80 Td (costs ) Tj ET Q q 0 0 0 rg BT 169.85 98.80 Td (and ) Tj ET Q q 0 0 0 rg BT 185.65 98.80 Td (disbursements ) Tj ET Q q 0 0 0 rg BT 240.13 98.80 Td (\(and ) Tj ET Q q 0 0 0 rg BT 258.59 98.80 Td (fees ) Tj ET Q q 0 0 0 rg BT 276.17 98.80 Td (and ) Tj ET Q q 0 0 0 rg BT 291.97 98.80 Td (disbursements ) Tj ET Q q 0 0 0 rg BT 346.45 98.80 Td (of ) Tj ET Q q 0 0 0 rg BT 355.57 98.80 Td (Lender's ) Tj ET Q q 0 0 0 rg BT 388.46 98.80 Td (in-house ) Tj ET Q q 0 0 0 rg BT 421.60 98.80 Td (counsel\) ) Tj ET Q q 0 0 0 rg BT 454.30 98.80 Td (\(collectively ) Tj ET Q q 0 0 0 rg BT 498.09 98.80 Td ("Attorneys' ) Tj ET Q q 0 0 0 rg BT 538.71 98.80 Td (Fees"\) ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 89.20 Td (expended ) Tj ET Q q 0 0 0 rg BT 86.89 89.20 Td (or ) Tj ET Q q 0 0 0 rg BT 95.76 89.20 Td (incurred ) Tj ET Q q 0 0 0 rg BT 126.41 89.20 Td (by ) Tj ET Q q 0 0 0 rg BT 136.61 89.20 Td (Lender ) Tj ET Q q 0 0 0 rg BT 163.27 89.20 Td (in ) Tj ET Q q 0 0 0 rg BT 171.24 89.20 Td (any ) Tj ET Q q 0 0 0 rg BT 185.89 89.20 Td (way ) Tj ET Q q 0 0 0 rg BT 201.87 89.20 Td (in ) Tj ET Q q 0 0 0 rg BT 209.84 89.20 Td (connection ) Tj ET Q q 0 0 0 rg BT 250.29 89.20 Td (with ) Tj ET Q q 0 0 0 rg BT 266.26 89.20 Td (the ) Tj ET Q q 0 0 0 rg BT 279.13 89.20 Td (amendment ) Tj ET Q q 0 0 0 rg BT 323.13 89.20 Td (and/or ) Tj ET Q q 0 0 0 rg BT 347.56 89.20 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 393.78 89.20 Td (of ) Tj ET Q q 0 0 0 rg BT 402.20 89.20 Td (this ) Tj ET Q q 0 0 0 rg BT 416.05 89.20 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 456.94 89.20 Td (and ) Tj ET Q q 0 0 0 rg BT 472.03 89.20 Td (Lender's ) Tj ET Q q 0 0 0 rg BT 504.22 89.20 Td (rights ) Tj ET Q q 0 0 0 rg BT 525.53 89.20 Td (hereunder ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 79.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.28 79.60 Td (to ) Tj ET Q q 0 0 0 rg BT 73.89 79.60 Td (the ) Tj ET Q q 0 0 0 rg BT 86.95 79.60 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 122.67 79.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 153.07 79.60 Td (or ) Tj ET Q q 0 0 0 rg BT 162.12 79.60 Td (not ) Tj ET Q q 0 0 0 rg BT 175.17 79.60 Td (suit ) Tj ET Q q 0 0 0 rg BT 189.56 79.60 Td (is ) Tj ET Q q 0 0 0 rg BT 197.27 79.60 Td (brought. ) Tj ET Q q 0 0 0 rg BT 228.56 79.60 Td ( ) Tj ET Q q 0 0 0 rg BT 230.11 79.60 Td (Attorneys' ) Tj ET Q q 0 0 0 rg BT 267.37 79.60 Td (Fees ) Tj ET Q q 0 0 0 rg BT 287.09 79.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 305.48 79.60 Td (include, ) Tj ET Q q 0 0 0 rg BT 334.99 79.60 Td (without ) Tj ET Q q 0 0 0 rg BT 362.27 79.60 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 397.99 79.60 Td (attorneys) Tj ET Q q 0 0 0 rg BT 432.38 79.60 Td ( ) Tj ET Q q 0 0 0 rg BT 434.31 79.60 Td (fees ) Tj ET Q q 0 0 0 rg BT 451.37 79.60 Td (and ) Tj ET Q q 0 0 0 rg BT 466.65 79.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 487.26 79.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 518.10 79.60 Td (in ) Tj ET Q q 0 0 0 rg BT 526.26 79.60 Td (any ) Tj ET Q q 0 0 0 rg BT 541.09 79.60 Td (State, ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 70.00 Td (Federal ) Tj ET Q q 0 0 0 rg BT 79.01 70.00 Td (or ) Tj ET Q q 0 0 0 rg BT 88.02 70.00 Td (Bankruptcy ) Tj ET Q q 0 0 0 rg BT 129.93 70.00 Td (Court, ) Tj ET Q q 0 0 0 rg BT 153.60 70.00 Td (and ) Tj ET Q q 0 0 0 rg BT 168.84 70.00 Td (in ) Tj ET Q q 0 0 0 rg BT 176.96 70.00 Td (any ) Tj ET Q q 0 0 0 rg BT 191.74 70.00 Td (Insolvency ) Tj ET Q q 0 0 0 rg BT 231.43 70.00 Td (Proceeding ) Tj ET Q q 0 0 0 rg BT 273.79 70.00 Td (of ) Tj ET Q q 0 0 0 rg BT 282.35 70.00 Td (any ) Tj ET Q q 0 0 0 rg BT 297.14 70.00 Td (kind ) Tj ET Q q 0 0 0 rg BT 313.71 70.00 Td (in ) Tj ET Q q 0 0 0 rg BT 321.82 70.00 Td (any ) Tj ET Q q 0 0 0 rg BT 336.61 70.00 Td (way ) Tj ET Q q 0 0 0 rg BT 352.73 70.00 Td (related ) Tj ET Q q 0 0 0 rg BT 379.08 70.00 Td (to ) Tj ET Q q 0 0 0 rg BT 387.64 70.00 Td (this ) Tj ET Q q 0 0 0 rg BT 401.60 70.00 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 444.85 70.00 Td (the ) Tj ET Q q 0 0 0 rg BT 457.86 70.00 Td (Note, ) Tj ET Q q 0 0 0 rg BT 478.87 70.00 Td (or ) Tj ET Q q 0 0 0 rg BT 487.87 70.00 Td (any ) Tj ET Q q 0 0 0 rg BT 502.66 70.00 Td (item ) Tj ET Q q 0 0 0 rg BT 519.66 70.00 Td (of ) Tj ET Q q 0 0 0 rg BT 528.23 70.00 Td (Collateral ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 60.40 Td (and/or ) Tj ET Q q 0 0 0 rg BT 74.91 60.40 Td (Lender) Tj ET Q q 0 0 0 rg BT 100.11 60.40 Td () Tj ET Q q 0 0 0 rg BT 101.75 60.40 Td (s ) Tj ET Q q 0 0 0 rg BT 107.97 60.40 Td (lien ) Tj ET Q q 0 0 0 rg BT 122.64 60.40 Td (thereon.) Tj ET Q endstream endobj 207 0 obj <> endobj 208 0 obj <> stream BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 743.20 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 743.20 Td (8.6 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 741.932421875 m 158.0078125 741.932421875 l s q 0 0 0 rg BT 122.00 743.20 Td (Headings) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 158.01 743.20 Td (. ) Tj ET Q q 0 0 0 rg BT 161.62 743.20 Td ( ) Tj ET Q q 0 0 0 rg BT 162.73 743.20 Td (Article ) Tj ET Q q 0 0 0 rg BT 186.34 743.20 Td (and ) Tj ET Q q 0 0 0 rg BT 201.08 743.20 Td (section ) Tj ET Q q 0 0 0 rg BT 227.81 743.20 Td (headings ) Tj ET Q q 0 0 0 rg BT 261.67 743.20 Td (are ) Tj ET Q q 0 0 0 rg BT 274.62 743.20 Td (for ) Tj ET Q q 0 0 0 rg BT 285.35 743.20 Td (reference ) Tj ET Q q 0 0 0 rg BT 320.53 743.20 Td (only ) Tj ET Q q 0 0 0 rg BT 336.59 743.20 Td (and ) Tj ET Q q 0 0 0 rg BT 351.33 743.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 369.17 743.20 Td (not ) Tj ET Q q 0 0 0 rg BT 381.68 743.20 Td (af) Tj ET Q q 0 0 0 rg BT 388.20 743.20 Td (fect ) Tj ET Q q 0 0 0 rg BT 402.48 743.20 Td (the ) Tj ET Q q 0 0 0 rg BT 414.99 743.20 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 463.08 743.20 Td (or ) Tj ET Q q 0 0 0 rg BT 471.58 743.20 Td (meaning ) Tj ET Q q 0 0 0 rg BT 503.65 743.20 Td (of ) Tj ET Q q 0 0 0 rg BT 511.71 743.20 Td (any ) Tj ET Q q 0 0 0 rg BT 526.00 743.20 Td (provisions ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 733.60 Td (of ) Tj ET Q q 0 0 0 rg BT 58.89 733.60 Td (this ) Tj ET Q q 0 0 0 rg BT 73.13 733.60 Td (Agreement.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 714.40 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 714.40 Td (8.7 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 713.132421875 m 215.45751953125 713.132421875 l s q 0 0 0 rg BT 122.00 714.40 Td (Integration; ) Tj ET Q q 0 0 0 rg BT 169.23 714.40 Td (Amendment) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 215.46 714.40 Td (. ) Tj ET Q q 0 0 0 rg BT 221.41 714.40 Td ( ) Tj ET Q q 0 0 0 rg BT 225.15 714.40 Td (No ) Tj ET Q q 0 0 0 rg BT 239.11 714.40 Td (modification ) Tj ET Q q 0 0 0 rg BT 285.53 714.40 Td (or ) Tj ET Q q 0 0 0 rg BT 296.37 714.40 Td (amendment ) Tj ET Q q 0 0 0 rg BT 342.35 714.40 Td (to ) Tj ET Q q 0 0 0 rg BT 352.76 714.40 Td (this ) Tj ET Q q 0 0 0 rg BT 368.20 714.40 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 413.29 714.40 Td (or ) Tj ET Q q 0 0 0 rg BT 424.14 714.40 Td (novation ) Tj ET Q q 0 0 0 rg BT 458.12 714.40 Td (of ) Tj ET Q q 0 0 0 rg BT 468.52 714.40 Td (the ) Tj ET Q q 0 0 0 rg BT 483.38 714.40 Td (obligations ) Tj ET Q q 0 0 0 rg BT 525.36 714.40 Td (under ) Tj ET Q q 0 0 0 rg BT 549.55 714.40 Td (this ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 704.80 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 93.05 704.80 Td (shall ) Tj ET Q q 0 0 0 rg BT 111.19 704.80 Td (be ) Tj ET Q q 0 0 0 rg BT 121.78 704.80 Td (ef) Tj ET Q q 0 0 0 rg BT 128.31 704.80 Td (fective ) Tj ET Q q 0 0 0 rg BT 153.12 704.80 Td (unless ) Tj ET Q q 0 0 0 rg BT 177.94 704.80 Td (in ) Tj ET Q q 0 0 0 rg BT 185.85 704.80 Td (writing, ) Tj ET Q q 0 0 0 rg BT 212.88 704.80 Td (executed ) Tj ET Q q 0 0 0 rg BT 247.04 704.80 Td (by ) Tj ET Q q 0 0 0 rg BT 257.18 704.80 Td (Lender ) Tj ET Q q 0 0 0 rg BT 283.78 704.80 Td (and ) Tj ET Q q 0 0 0 rg BT 298.82 704.80 Td (the ) Tj ET Q q 0 0 0 rg BT 311.63 704.80 Td (other ) Tj ET Q q 0 0 0 rg BT 331.56 704.80 Td (relevant ) Tj ET Q q 0 0 0 rg BT 361.71 704.80 Td (parties. ) Tj ET Q q 0 0 0 rg BT 389.64 704.80 Td ( ) Tj ET Q q 0 0 0 rg BT 391.33 704.80 Td (Except ) Tj ET Q q 0 0 0 rg BT 417.48 704.80 Td (for ) Tj ET Q q 0 0 0 rg BT 428.50 704.80 Td (currently ) Tj ET Q q 0 0 0 rg BT 460.87 704.80 Td (existing ) Tj ET Q q 0 0 0 rg BT 489.69 704.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 529.63 704.80 Td (of ) Tj ET Q q 0 0 0 rg BT 537.99 704.80 Td (Debtor ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 695.20 Td (to ) Tj ET Q q 0 0 0 rg BT 58.86 695.20 Td (Lender) Tj ET Q q 0 0 0 rg BT 83.33 695.20 Td (, ) Tj ET Q q 0 0 0 rg BT 87.74 695.20 Td (all ) Tj ET Q q 0 0 0 rg BT 97.94 695.20 Td (prior ) Tj ET Q q 0 0 0 rg BT 116.13 695.20 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 162.79 695.20 Td (understandings, ) Tj ET Q q 0 0 0 rg BT 221.91 695.20 Td (representations, ) Tj ET Q q 0 0 0 rg BT 281.47 695.20 Td (warranties, ) Tj ET Q q 0 0 0 rg BT 322.78 695.20 Td (and ) Tj ET Q q 0 0 0 rg BT 338.32 695.20 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 383.65 695.20 Td (between ) Tj ET Q q 0 0 0 rg BT 416.09 695.20 Td (the ) Tj ET Q q 0 0 0 rg BT 429.40 695.20 Td (parties, ) Tj ET Q q 0 0 0 rg BT 457.82 695.20 Td (whether ) Tj ET Q q 0 0 0 rg BT 488.48 695.20 Td (oral ) Tj ET Q q 0 0 0 rg BT 504.01 695.20 Td (or ) Tj ET Q q 0 0 0 rg BT 513.31 695.20 Td (written, ) Tj ET Q q 0 0 0 rg BT 541.28 695.20 Td (if ) Tj ET Q q 0 0 0 rg BT 547.47 695.20 Td (any) Tj ET Q q 0 0 0 rg BT 559.78 695.20 Td (, ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 685.60 Td (which ) Tj ET Q q 0 0 0 rg BT 72.19 685.60 Td (relate ) Tj ET Q q 0 0 0 rg BT 93.94 685.60 Td (to ) Tj ET Q q 0 0 0 rg BT 102.35 685.60 Td (the ) Tj ET Q q 0 0 0 rg BT 115.21 685.60 Td (substance ) Tj ET Q q 0 0 0 rg BT 153.42 685.60 Td (of ) Tj ET Q q 0 0 0 rg BT 161.83 685.60 Td (this ) Tj ET Q q 0 0 0 rg BT 175.67 685.60 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 218.77 685.60 Td (are ) Tj ET Q q 0 0 0 rg BT 232.07 685.60 Td (merged ) Tj ET Q q 0 0 0 rg BT 260.93 685.60 Td (into ) Tj ET Q q 0 0 0 rg BT 275.57 685.60 Td (this ) Tj ET Q q 0 0 0 rg BT 289.41 685.60 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 332.51 685.60 Td ( ) Tj ET Q q 0 0 0 rg BT 334.25 685.60 Td (Debtor ) Tj ET Q q 0 0 0 rg BT 360.00 685.60 Td (hereby ) Tj ET Q q 0 0 0 rg BT 386.20 685.60 Td (waives ) Tj ET Q q 0 0 0 rg BT 412.39 685.60 Td (the ) Tj ET Q q 0 0 0 rg BT 425.25 685.60 Td (right ) Tj ET Q q 0 0 0 rg BT 442.55 685.60 Td (to ) Tj ET Q q 0 0 0 rg BT 450.96 685.60 Td (assert ) Tj ET Q q 0 0 0 rg BT 474.48 685.60 Td (any ) Tj ET Q q 0 0 0 rg BT 489.12 685.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 531.33 685.60 Td (promise, ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 676.00 Td (fact ) Tj ET Q q 0 0 0 rg BT 65.12 676.00 Td (or ) Tj ET Q q 0 0 0 rg BT 74.45 676.00 Td (any ) Tj ET Q q 0 0 0 rg BT 89.57 676.00 Td (parol ) Tj ET Q q 0 0 0 rg BT 109.59 676.00 Td (\(oral\) ) Tj ET Q q 0 0 0 rg BT 130.48 676.00 Td (evidence ) Tj ET Q q 0 0 0 rg BT 164.72 676.00 Td (which ) Tj ET Q q 0 0 0 rg BT 187.40 676.00 Td (is ) Tj ET Q q 0 0 0 rg BT 195.40 676.00 Td (contrary ) Tj ET Q q 0 0 0 rg BT 226.52 676.00 Td (to ) Tj ET Q q 0 0 0 rg BT 235.41 676.00 Td (the ) Tj ET Q q 0 0 0 rg BT 248.76 676.00 Td (terms ) Tj ET Q q 0 0 0 rg BT 270.98 676.00 Td (or ) Tj ET Q q 0 0 0 rg BT 280.32 676.00 Td (representations ) Tj ET Q q 0 0 0 rg BT 337.68 676.00 Td (specified ) Tj ET Q q 0 0 0 rg BT 371.48 676.00 Td (in ) Tj ET Q q 0 0 0 rg BT 379.93 676.00 Td (this ) Tj ET Q q 0 0 0 rg BT 394.16 676.00 Td (Agreement.) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 656.80 Td ( ) Tj ET Q q 0 0 0 rg BT 86.00 656.80 Td (8.8 ) Tj ET Q BT /F5 8.00 Tf ET 0 0 0 RG /GS0 gs 0.84 w 0 i [] 0 d 1 J 1 j 3 M 122 655.532421875 m 220.7275390625 655.532421875 l s q 0 0 0 rg BT 122.00 656.80 Td (Joint ) Tj ET Q q 0 0 0 rg BT 143.34 656.80 Td (and ) Tj ET Q q 0 0 0 rg BT 159.80 656.80 Td (Several ) Tj ET Q q 0 0 0 rg BT 190.50 656.80 Td (Liability) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 220.73 656.80 Td (. ) Tj ET Q q 0 0 0 rg BT 225.18 656.80 Td ( ) Tj ET Q q 0 0 0 rg BT 227.42 656.80 Td (Should ) Tj ET Q q 0 0 0 rg BT 254.56 656.80 Td (more ) Tj ET Q q 0 0 0 rg BT 275.02 656.80 Td (than ) Tj ET Q q 0 0 0 rg BT 292.82 656.80 Td (one ) Tj ET Q q 0 0 0 rg BT 308.41 656.80 Td (Person ) Tj ET Q q 0 0 0 rg BT 335.99 656.80 Td (sign ) Tj ET Q q 0 0 0 rg BT 352.90 656.80 Td (this ) Tj ET Q q 0 0 0 rg BT 367.13 656.80 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 408.50 656.80 Td (as ) Tj ET Q q 0 0 0 rg BT 419.18 656.80 Td (Debtor) Tj ET Q q 0 0 0 rg BT 442.75 656.80 Td (, ) Tj ET Q q 0 0 0 rg BT 447.21 656.80 Td (the ) Tj ET Q q 0 0 0 rg BT 460.56 656.80 Td (obligations ) Tj ET Q q 0 0 0 rg BT 501.05 656.80 Td (of ) Tj ET Q q 0 0 0 rg BT 509.95 656.80 Td (each ) Tj ET Q q 0 0 0 rg BT 529.53 656.80 Td (signatory ) Tj ET Q BT /F6 8.00 Tf ET q 0 0 0 rg BT 50.00 647.20 Td (shall ) Tj ET Q q 0 0 0 rg BT 68.68 647.20 Td (be ) Tj ET Q q 0 0 0 rg BT 79.80 647.20 Td (joint ) Tj ET Q q 0 0 0 rg BT 96.70 647.20 Td (and ) Tj ET Q q 0 0 0 rg BT 112.27 647.20 Td (several.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.50 347.02 Td (Singapore) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 217 0 obj <> endobj 218 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.30 742.25 Td (Exhibit23.1 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 178.55 721.25 Td (Consent of Independent Register) Tj ET Q q 0 0 0 rg BT 318.65 721.25 Td (ed Public ) Tj ET Q q 0 0 0 rg BT 360.32 721.25 Td (Accounting Firm ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 700.25 Td (W) Tj ET Q q 0 0 0 rg BT 58.64 700.25 Td (e consent to the incorporation by reference in the Registration Statements on Form S-3 \(No. 333-166475\) of Greenhill & Co., ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 688.25 Td (Inc. and on FormS-8 \(No.333-1) Tj ET Q q 0 0 0 rg BT 181.28 688.25 Td (1541) Tj ET Q q 0 0 0 rg BT 200.91 688.25 Td (1\) pertaining to the Greenhill& Co., Inc. 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(this ) Tj ET Q q 0 0 0 rg BT 102.95 418.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 132.10 418.25 Td (report ) Tj ET Q q 0 0 0 rg BT 158.48 418.25 Td (based ) Tj ET Q q 0 0 0 rg BT 183.75 418.25 Td (on ) Tj ET Q q 0 0 0 rg BT 196.25 418.25 Td (such ) Tj ET Q q 0 0 0 rg BT 217.08 418.25 Td (evaluation;and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 397.25 Td (d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 397.25 Td (Disclosed ) Tj ET Q q 0 0 0 rg BT 164.71 397.25 Td (in ) Tj ET Q q 0 0 0 rg BT 175.75 397.25 Td (this ) Tj ET Q q 0 0 0 rg BT 193.47 397.25 Td (report ) Tj ET Q q 0 0 0 rg BT 220.62 397.25 Td (any ) Tj ET Q q 0 0 0 rg BT 238.33 397.25 Td (change ) Tj ET Q q 0 0 0 rg BT 269.91 397.25 Td (in ) Tj ET Q q 0 0 0 rg BT 280.96 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.44 397.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 336.99 397.25 Td (s ) Tj ET Q q 0 0 0 rg BT 344.15 397.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 377.96 397.25 Td (control ) Tj ET Q q 0 0 0 rg BT 409.55 397.25 Td (over ) Tj ET Q q 0 0 0 rg BT 430.59 397.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 468.84 397.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 508.76 397.25 Td (that ) Tj ET Q q 0 0 0 rg BT 527.03 397.25 Td (occurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 385.25 Td (during ) Tj ET Q q 0 0 0 rg BT 114.28 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.66 385.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 169.20 385.25 Td (s ) Tj ET Q q 0 0 0 rg BT 175.26 385.25 Td (most ) Tj ET Q q 0 0 0 rg BT 196.88 385.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 223.47 385.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 247.29 385.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 277.78 385.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 295.49 385.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 336.03 385.25 Td (s ) Tj ET Q q 0 0 0 rg BT 342.09 385.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 368.70 385.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 392.52 385.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 423.01 385.25 Td (in ) Tj ET Q q 0 0 0 rg BT 432.95 385.25 Td (the ) Tj 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373.25 Td (s ) Tj ET Q q 0 0 0 rg BT 437.41 373.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 472.28 373.25 Td (control ) Tj ET Q q 0 0 0 rg BT 504.93 373.25 Td (over ) Tj ET Q q 0 0 0 rg BT 527.02 373.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 361.25 Td (reporting;and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 340.25 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 340.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.61 340.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 144.16 340.25 Td (s ) Tj ET Q q 0 0 0 rg BT 150.11 340.25 Td (other ) Tj ET Q q 0 0 0 rg BT 172.73 340.25 Td (certifying ) Tj ET Q q 0 0 0 rg BT 213.67 340.25 Td (of) Tj ET Q q 0 0 0 rg BT 221.82 340.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 242.20 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.70 340.25 Td (I ) Tj ET Q q 0 0 0 rg BT 264.10 340.25 Td (have ) Tj ET Q q 0 0 0 rg BT 285.04 340.25 Td (disclosed, ) Tj ET Q q 0 0 0 rg BT 326.83 340.25 Td (based ) Tj ET Q q 0 0 0 rg BT 351.66 340.25 Td (on ) Tj ET Q q 0 0 0 rg BT 363.73 340.25 Td (our ) Tj ET Q q 0 0 0 rg BT 379.13 340.25 Td (most ) Tj ET Q q 0 0 0 rg BT 400.64 340.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 427.13 340.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 470.85 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 481.25 340.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 513.86 340.25 Td (control ) Tj ET Q q 0 0 0 rg BT 544.25 340.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.71 328.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 129.58 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.09 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.03 328.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 195.57 328.25 Td (s ) Tj ET Q q 0 0 0 rg BT 202.19 328.25 Td (auditors ) Tj ET Q q 0 0 0 rg BT 237.13 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.29 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.23 328.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 291.95 328.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 336.88 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.94 328.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 388.48 328.25 Td (s ) Tj ET Q q 0 0 0 rg BT 395.10 328.25 Td (board ) Tj ET Q q 0 0 0 rg BT 420.59 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 431.65 328.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 469.36 328.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 483.74 328.25 Td (persons ) Tj ET Q q 0 0 0 rg BT 517.02 328.25 Td (performing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 316.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 108.87 316.25 Td (functions\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 295.25 Td (a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 295.25 Td (All ) Tj ET Q q 0 0 0 rg BT 136.86 295.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 181.16 295.25 Td (deficiencies ) Tj ET Q q 0 0 0 rg BT 230.99 295.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.52 295.25 Td (material ) Tj ET Q q 0 0 0 rg BT 282.36 295.25 Td (weaknesses ) Tj ET Q q 0 0 0 rg BT 331.10 295.25 Td (in ) Tj ET Q q 0 0 0 rg BT 340.96 295.25 Td (the ) Tj ET Q q 0 0 0 rg BT 355.26 295.25 Td (design ) Tj ET Q q 0 0 0 rg BT 383.46 295.25 Td (or ) Tj ET Q q 0 0 0 rg BT 393.87 295.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 433.72 295.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.13 295.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 476.76 295.25 Td (control ) Tj ET Q q 0 0 0 rg BT 507.17 295.25 Td (over ) Tj ET Q q 0 0 0 rg BT 527.02 295.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 283.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 124.86 283.25 Td (which ) Tj ET Q q 0 0 0 rg BT 151.50 283.25 Td (are ) Tj ET Q q 0 0 0 rg BT 165.91 283.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 211.43 283.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 236.41 283.25 Td (to ) Tj ET Q q 0 0 0 rg BT 246.39 283.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 286.91 283.25 Td (af) Tj ET Q q 0 0 0 rg BT 294.50 283.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 311.69 283.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.11 283.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 366.65 283.25 Td 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Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 50.00 227.45 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 293.5 202.95000000000005 m 508.5 202.95000000000005 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 207.52 Td (/s/ ) Tj ET Q q 0 0 0 rg BT 307.95 207.52 Td (Scott ) Tj ET Q q 0 0 0 rg BT 331.00 207.52 Td (L. ) Tj ET Q q 0 0 0 rg BT 342.11 207.52 Td (Bok) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 193.52 Td (Scott ) Tj ET Q q 0 0 0 rg BT 319.06 193.52 Td (L. ) Tj ET Q q 0 0 0 rg BT 330.17 193.52 Td (Bok) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.00 179.52 Td (Chief ) Tj ET Q q 0 0 0 rg BT 320.72 179.52 Td (Executive ) Tj ET Q q 0 0 0 rg BT 363.20 179.52 Td (Of) Tj ET Q q 0 0 0 rg BT 373.57 179.52 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.30 165.52 Td (Date:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.00 165.52 Td (February 26, 2016) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 221 0 obj <> endobj 222 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 499.35 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0 rg BT 455.64 667.25 Td (were ) Tj ET Q q 0 0 0 rg BT 477.11 667.25 Td (made, ) Tj ET Q q 0 0 0 rg BT 503.31 667.25 Td (not ) Tj ET Q q 0 0 0 rg BT 518.14 667.25 Td (misleading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 655.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.28 655.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 101.09 655.25 Td (to ) Tj ET Q q 0 0 0 rg BT 111.37 655.25 Td (the ) Tj ET Q q 0 0 0 rg BT 126.09 655.25 Td (period ) Tj ET Q q 0 0 0 rg BT 154.14 655.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 188.28 655.25 Td (by ) Tj ET Q q 0 0 0 rg BT 200.78 655.25 Td (this ) Tj ET Q q 0 0 0 rg BT 217.73 655.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 246.88 655.25 Td (report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 634.25 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 634.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 112.92 634.25 Td (on ) Tj ET Q q 0 0 0 rg BT 125.41 634.25 Td (my ) Tj ET Q q 0 0 0 rg BT 140.67 634.25 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 189.53 634.25 Td (the ) Tj ET Q q 0 0 0 rg BT 204.23 634.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 241.70 634.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 288.89 634.25 Td (and ) Tj ET Q q 0 0 0 rg BT 305.82 634.25 Td (other ) Tj ET Q q 0 0 0 rg BT 328.85 634.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 366.31 634.25 Td (information ) Tj ET Q q 0 0 0 rg BT 416.01 634.25 Td (included ) Tj ET Q q 0 0 0 rg BT 452.93 634.25 Td (in ) Tj ET Q q 0 0 0 rg BT 463.19 634.25 Td (this ) Tj ET Q q 0 0 0 rg BT 480.12 634.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 508.98 634.25 Td (fairly ) Tj ET Q q 0 0 0 rg BT 533.12 634.25 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 622.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.82 622.25 Td (all ) Tj ET Q q 0 0 0 rg BT 73.87 622.25 Td (material ) Tj ET Q q 0 0 0 rg BT 109.67 622.25 Td (respects ) Tj ET Q q 0 0 0 rg BT 144.92 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 160.19 622.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 198.21 622.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 241.53 622.25 Td (results ) Tj ET Q q 0 0 0 rg BT 270.69 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.06 622.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 326.76 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 344.25 622.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 365.06 622.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 390.33 622.25 Td (of ) Tj ET Q q 0 0 0 rg BT 401.71 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.97 622.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 457.78 622.25 Td (as ) Tj ET Q q 0 0 0 rg BT 469.15 622.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 483.03 622.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.51 622.25 Td (for) Tj ET Q q 0 0 0 rg BT 511.77 622.25 Td (, ) Tj ET Q q 0 0 0 rg BT 517.32 622.25 Td (the ) Tj ET Q q 0 0 0 rg BT 532.58 622.25 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 610.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 90.82 610.25 Td (in ) Tj ET Q q 0 0 0 rg BT 101.09 610.25 Td (this ) Tj ET Q q 0 0 0 rg BT 118.04 610.25 Td (report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 589.25 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 589.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.60 589.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 145.14 589.25 Td (s ) Tj ET Q q 0 0 0 rg BT 152.08 589.25 Td (other ) Tj ET Q q 0 0 0 rg BT 175.68 589.25 Td (certifying ) Tj ET Q q 0 0 0 rg BT 217.61 589.25 Td (of) Tj ET Q q 0 0 0 rg BT 225.76 589.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 247.12 589.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.61 589.25 Td (I ) Tj ET Q q 0 0 0 rg BT 271.00 589.25 Td (are ) Tj ET Q q 0 0 0 rg BT 286.25 589.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 334.85 589.25 Td (for ) Tj ET Q q 0 0 0 rg BT 349.56 589.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 400.39 589.25 Td (and ) Tj ET Q q 0 0 0 rg BT 417.88 589.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 468.70 589.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 512.30 589.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 547.57 589.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 577.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 96.35 577.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 110.49 577.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 142.96 577.25 Td (in ) Tj ET Q q 0 0 0 rg BT 153.22 577.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 194.58 577.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 211.50 577.25 Td (Rules13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 278.12 577.25 Td (and ) Tj ET Q q 0 0 0 rg BT 295.04 577.25 Td (15d-15\(e\)\) ) Tj ET Q q 0 0 0 rg BT 340.29 577.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.21 577.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 390.23 577.25 Td (control ) Tj ET Q q 0 0 0 rg BT 421.04 577.25 Td (over ) Tj ET Q q 0 0 0 rg BT 441.29 577.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 478.75 577.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 517.89 577.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 532.03 577.25 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 565.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.28 565.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 101.65 565.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 118.59 565.25 Td (Rules13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 184.13 565.25 Td (and ) Tj ET Q q 0 0 0 rg BT 201.06 565.25 Td (15d-15\(f\)\) ) Tj ET Q q 0 0 0 rg BT 245.21 565.25 Td (for ) Tj ET Q q 0 0 0 rg BT 259.38 565.25 Td (the ) Tj ET Q q 0 0 0 rg BT 274.09 565.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 314.36 565.25 Td (and ) Tj ET Q q 0 0 0 rg BT 331.29 565.25 Td (have:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 544.25 Td (a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 544.25 Td (Designed ) Tj ET Q q 0 0 0 rg BT 163.21 544.25 Td (such ) Tj ET Q q 0 0 0 rg BT 184.98 544.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 228.97 544.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 264.63 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.51 544.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 332.32 544.25 Td (or ) Tj ET Q q 0 0 0 rg BT 344.09 544.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 374.74 544.25 Td (such ) Tj ET Q q 0 0 0 rg BT 396.51 544.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 440.50 544.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 476.15 544.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.03 544.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 541.34 544.25 Td (to ) Tj ET Q q 0 0 0 rg BT 552.56 544.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 532.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 124.10 532.25 Td (under ) Tj ET Q q 0 0 0 rg BT 149.43 532.25 Td (our ) Tj ET Q q 0 0 0 rg BT 165.31 532.25 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 216.48 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.81 532.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 255.47 532.25 Td (that ) Tj ET Q q 0 0 0 rg BT 273.02 532.25 Td (material ) Tj ET Q q 0 0 0 rg BT 308.33 532.25 Td (information ) Tj ET Q q 0 0 0 rg BT 358.10 532.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 391.20 532.25 Td (to ) Tj ET Q q 0 0 0 rg BT 401.53 532.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.31 532.25 Td (registrant, ) Tj ET Q q 0 0 0 rg BT 459.13 532.25 Td (including ) Tj ET Q q 0 0 0 rg BT 499.46 532.25 Td (its ) Tj ET Q q 0 0 0 rg BT 511.46 532.25 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 520.25 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 137.53 520.25 Td (is ) Tj ET Q q 0 0 0 rg BT 146.01 520.25 Td (made ) Tj ET Q q 0 0 0 rg BT 169.48 520.25 Td (known ) Tj ET Q q 0 0 0 rg BT 198.51 520.25 Td (to ) Tj ET Q q 0 0 0 rg BT 208.10 520.25 Td (us ) Tj ET Q q 0 0 0 rg BT 218.80 520.25 Td (by ) Tj ET Q q 0 0 0 rg BT 230.61 520.25 Td (others ) Tj ET Q q 0 0 0 rg BT 256.86 520.25 Td (within ) Tj ET Q q 0 0 0 rg BT 284.23 520.25 Td (those ) Tj ET Q q 0 0 0 rg BT 307.15 520.25 Td (entities, ) Tj ET Q q 0 0 0 rg BT 340.35 520.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 388.25 520.25 Td (during ) Tj ET Q q 0 0 0 rg BT 416.17 520.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.19 520.25 Td (period ) Tj ET Q q 0 0 0 rg BT 457.55 520.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.14 520.25 Td (which ) Tj ET Q q 0 0 0 rg BT 493.39 520.25 Td (this ) Tj ET Q q 0 0 0 rg BT 509.65 520.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 538.12 520.25 Td (report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 508.25 Td (is ) Tj ET Q q 0 0 0 rg BT 95.17 508.25 Td (being ) Tj ET Q q 0 0 0 rg BT 119.89 508.25 Td (prepared;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 487.25 Td (b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 487.25 Td (Designed ) Tj ET Q q 0 0 0 rg BT 161.98 487.25 Td (such ) Tj ET Q q 0 0 0 rg BT 182.53 487.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 215.28 487.25 Td (control ) Tj ET Q q 0 0 0 rg BT 245.82 487.25 Td (over ) Tj ET Q q 0 0 0 rg BT 265.81 487.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 303.00 487.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 344.37 487.25 Td (or ) Tj ET Q q 0 0 0 rg BT 354.92 487.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 384.34 487.25 Td (such ) Tj ET Q q 0 0 0 rg BT 404.88 487.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 437.64 487.25 Td (control ) Tj ET Q q 0 0 0 rg BT 468.18 487.25 Td (over ) Tj ET Q q 0 0 0 rg BT 488.16 487.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.35 487.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 475.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.95 475.25 Td (be ) Tj ET Q q 0 0 0 rg BT 107.56 475.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 145.28 475.25 Td (under ) Tj ET Q q 0 0 0 rg BT 170.22 475.25 Td (our ) Tj ET Q q 0 0 0 rg BT 185.73 475.25 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 236.51 475.25 Td (to ) Tj ET Q q 0 0 0 rg BT 246.46 475.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 279.18 475.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 324.11 475.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 365.15 475.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 405.63 475.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.02 475.25 Td (reliability ) Tj ET Q q 0 0 0 rg BT 461.07 475.25 Td (of ) Tj ET Q q 0 0 0 rg BT 471.58 475.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 508.73 475.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 547.56 475.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 463.25 Td (the ) Tj ET Q q 0 0 0 rg BT 99.97 463.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 147.25 463.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.34 463.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 194.07 463.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 238.04 463.25 Td (for ) Tj ET Q q 0 0 0 rg BT 251.45 463.25 Td (external ) Tj ET Q q 0 0 0 rg BT 285.40 463.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 322.71 463.25 Td (in ) Tj ET Q q 0 0 0 rg BT 332.24 463.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 378.95 463.25 Td (with ) Tj ET Q q 0 0 0 rg BT 398.49 463.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 437.44 463.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 474.16 463.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 519.79 463.25 Td (principles;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 442.25 Td (c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 442.25 Td (Evaluated ) Tj ET Q q 0 0 0 rg BT 164.90 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.04 442.25 Td (ef) Tj ET Q q 0 0 0 rg BT 187.63 442.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 234.97 442.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.22 442.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.36 442.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 301.90 442.25 Td (s ) Tj ET Q q 0 0 0 rg BT 308.72 442.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 352.19 442.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 387.32 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 404.68 442.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 451.47 442.25 Td (and ) Tj ET Q q 0 0 0 rg BT 468.83 442.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 510.07 442.25 Td (in ) Tj ET Q q 0 0 0 rg BT 520.77 442.25 Td (this ) Tj ET Q q 0 0 0 rg BT 538.14 442.25 Td (report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 430.25 Td (our ) Tj ET Q q 0 0 0 rg BT 101.64 430.25 Td (conclusions ) Tj ET Q q 0 0 0 rg BT 151.16 430.25 Td (about ) Tj ET Q q 0 0 0 rg BT 175.69 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.21 430.25 Td (ef) Tj ET Q q 0 0 0 rg BT 197.80 430.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 244.53 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.17 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.69 430.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 312.54 430.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 347.07 430.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.81 430.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 412.49 430.25 Td (as ) Tj ET Q q 0 0 0 rg BT 423.12 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.76 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.29 430.25 Td (end ) Tj ET Q q 0 0 0 rg BT 465.03 430.25 Td (of ) Tj ET Q q 0 0 0 rg BT 475.67 430.25 Td (the ) Tj ET Q q 0 0 0 rg BT 490.19 430.25 Td (period ) Tj ET Q q 0 0 0 rg BT 518.05 430.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 552.00 430.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 418.25 Td (this ) Tj ET Q q 0 0 0 rg BT 102.95 418.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 132.10 418.25 Td (report ) Tj ET Q q 0 0 0 rg BT 158.48 418.25 Td (based ) Tj ET Q q 0 0 0 rg BT 183.75 418.25 Td (on ) Tj ET Q q 0 0 0 rg BT 196.25 418.25 Td (such ) Tj ET Q q 0 0 0 rg BT 217.08 418.25 Td (evaluation;and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.00 397.25 Td (d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.00 397.25 Td (Disclosed ) Tj ET Q q 0 0 0 rg BT 164.71 397.25 Td (in ) Tj ET Q q 0 0 0 rg BT 175.75 397.25 Td (this ) Tj ET Q q 0 0 0 rg BT 193.47 397.25 Td (report ) Tj ET Q q 0 0 0 rg BT 220.62 397.25 Td (any ) Tj ET Q q 0 0 0 rg BT 238.33 397.25 Td (change ) Tj ET Q q 0 0 0 rg BT 269.91 397.25 Td (in ) Tj ET Q q 0 0 0 rg BT 280.96 397.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.44 397.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 336.99 397.25 Td (s ) Tj ET Q q 0 0 0 rg BT 344.15 397.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 377.96 397.25 Td (control ) Tj ET Q q 0 0 0 rg BT 409.55 397.25 Td (over ) Tj ET Q q 0 0 0 rg BT 430.59 397.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 468.84 397.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 508.76 397.25 Td (that ) Tj ET Q q 0 0 0 rg BT 527.03 397.25 Td (occurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 385.25 Td (during ) Tj ET Q q 0 0 0 rg BT 114.28 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.66 385.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 169.20 385.25 Td (s ) Tj ET Q q 0 0 0 rg BT 175.26 385.25 Td (most ) Tj ET Q q 0 0 0 rg BT 196.88 385.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 223.47 385.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 247.29 385.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 277.78 385.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 295.49 385.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 336.03 385.25 Td (s ) Tj ET Q q 0 0 0 rg BT 342.09 385.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 368.70 385.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 392.52 385.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 423.01 385.25 Td (in ) Tj ET Q q 0 0 0 rg BT 432.95 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.34 385.25 Td (case ) Tj ET Q q 0 0 0 rg BT 466.71 385.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.21 385.25 Td (an ) Tj ET Q q 0 0 0 rg BT 488.82 385.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 517.64 385.25 Td (report\) ) Tj ET Q q 0 0 0 rg BT 547.02 385.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 373.25 Td (has ) Tj ET Q q 0 0 0 rg BT 103.66 373.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 148.52 373.25 Td (af) Tj ET Q q 0 0 0 rg BT 156.11 373.25 Td (fected, ) Tj ET Q q 0 0 0 rg BT 187.35 373.25 Td (or ) Tj ET Q q 0 0 0 rg BT 200.01 373.25 Td (is ) Tj ET Q q 0 0 0 rg BT 211.00 373.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 258.65 373.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 285.74 373.25 Td (to ) Tj ET Q q 0 0 0 rg BT 297.85 373.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 342.71 373.25 Td (af) Tj ET Q q 0 0 0 rg BT 350.30 373.25 Td (fect, ) Tj ET Q q 0 0 0 rg BT 372.11 373.25 Td (the ) Tj ET Q q 0 0 0 rg BT 388.65 373.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 429.19 373.25 Td (s ) Tj ET Q q 0 0 0 rg BT 437.41 373.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 472.28 373.25 Td (control ) Tj ET Q q 0 0 0 rg BT 504.93 373.25 Td (over ) Tj ET Q q 0 0 0 rg BT 527.02 373.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 361.25 Td (reporting;and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 340.25 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.00 340.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.61 340.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 144.16 340.25 Td (s ) Tj ET Q q 0 0 0 rg BT 150.11 340.25 Td (other ) Tj ET Q q 0 0 0 rg BT 172.73 340.25 Td (certifying ) Tj ET Q q 0 0 0 rg BT 213.67 340.25 Td (of) Tj ET Q q 0 0 0 rg BT 221.82 340.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 242.20 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.70 340.25 Td (I ) Tj ET Q q 0 0 0 rg BT 264.10 340.25 Td (have ) Tj ET Q q 0 0 0 rg BT 285.04 340.25 Td (disclosed, ) Tj ET Q q 0 0 0 rg BT 326.83 340.25 Td (based ) Tj ET Q q 0 0 0 rg BT 351.66 340.25 Td (on ) Tj ET Q q 0 0 0 rg BT 363.73 340.25 Td (our ) Tj ET Q q 0 0 0 rg BT 379.13 340.25 Td (most ) Tj ET Q q 0 0 0 rg BT 400.64 340.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 427.13 340.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 470.85 340.25 Td (of ) Tj ET Q q 0 0 0 rg BT 481.25 340.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 513.86 340.25 Td (control ) Tj ET Q q 0 0 0 rg BT 544.25 340.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 328.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.71 328.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 129.58 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.09 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.03 328.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 195.57 328.25 Td (s ) Tj ET Q q 0 0 0 rg BT 202.19 328.25 Td (auditors ) Tj ET Q q 0 0 0 rg BT 237.13 328.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.29 328.25 Td (the ) Tj ET Q q 0 0 0 rg BT 269.23 328.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 291.95 328.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 336.88 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.94 328.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 388.48 328.25 Td (s ) Tj ET Q q 0 0 0 rg BT 395.10 328.25 Td (board ) Tj ET Q q 0 0 0 rg BT 420.59 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 431.65 328.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 469.36 328.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 483.74 328.25 Td (persons ) Tj ET Q q 0 0 0 rg BT 517.02 328.25 Td (performing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 50.00 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 316.25 Td 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