250038-CMR PHASE II GMP 2 KITCHELL CONTRACT 10-22-25.PDF
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Office Space Optimization Project
Serial # 250038-CMR
Contract between Maricopa County and Kitchell Contractors, Inc. of Arizona
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Serial # 250038-CMR
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Serial # 250038-CMR
Contract between Maricopa County and Kitchell Contractors, Inc. of Arizona
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Serial # 250038-CMR
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Serial # 250038-CMR
Contract between Maricopa County and Kitchell Contractors, Inc. of Arizona
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Serial # 250038-CMR
Contract between Maricopa County and Kitchell Contractors, Inc. of Arizona
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Serial # 250038-CMR
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Office Space Optimization Project
Serial # 250038-CMR
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Serial # 250038-CMR
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75576(7:3$-;=4<;.7:755=61+)<176;
76;<:=+<176%-<
:7=6,16/)6,76,16/.7:755=61+)<176;%A;<-5;
76;<:=+<176%-<
)*4-&:)A;.7:755=61+)<176;%A;<-5;
76;<:=+<176%-<
%4-->-;)6,%4-->-%-)4;.7:755=61+)<176;")<0?)A;)6,)*416/
76;<:=+<176%-<
(#!0.+*'! $#04 *"#!1.'04
76,=+<7:;)6,)*4-;.7:4-+<:761+%).-<A)6,%-+=:1<A
76;<:=+<176%-<
:7=6,16/)6,76,16/.7:4-+<:761+%).-<A)6,%-+=:1<A
76;<:=+<176%-<
")<0?)A;.7:4-+<:761+%).-<A)6,%-+=:1<A
76;<:=+<176%-<
%4-->-;)6,%4-->-%-)4;.7:4-+<:761+%).-<A)6,%-+=:1<A
76;<:=+<176%-<
++-;;76<:74
76;<:=+<176%-<
6<-:+756<:A%A;<-5;
76;<:=+<176%-<
4-+<:761+%=:>-144)6+-
76;<:=+<176%-<
'1,-7%=:>-144)6+-
76;<:=+<176%-<
1/1<)4,,:-;;)*4-1:-4):5%A;<-5
76;<:=+<176%-<
":16<-,76:1%-8
)<
85 %&
7*
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ϭϵ
y,//d
^/^K&KE^dZhd/KEKEdZd
'DWϮ
ϵͬϭϵͬϮϬϮϱ
dŚĞĂƐŝƐŽĨŽŶƚƌĂĐƚŝƐĂǁƌŝƚƚĞŶĞdžƉůĂŶĂƚŝŽŶĐůĂƌŝĨLJŝŶŐƚŚĞĂƐƐƵŵƉƚŝŽŶƐĂŶĚĞdžĐůƵƐŝŽŶƐƵƐĞĚŝŶĞƐƚĂďůŝƐŚŝŶŐƚŚĞ
^ĐŽƉĞWĂĐŬĂŐĞĨŽƌƚŚŝƐ'DWĚĂƚĞĚ^ĞƉƚĞŵďĞƌϭϵƚŚ͕ϮϬϮϱĨŽƌƚŚĞDĂƌŝĐŽƉĂŽƵŶƚLJKĨĨŝĐĞKƉƚŝŵŝnjĂƚŝŽŶ ĂƐƚŽƵƌƚd/͘
<ŝƚĐŚĞůůŚĂƐŝŶĐůƵĚĞĚƚŚĞĨŽůůŽǁŝŶŐĂƐƐƵŵƉƚŝŽŶƐĂƐĚĞƚĂŝůĞĚŝŶƚŚĞĐůĂƌŝĨŝĐĂƚŝŽŶƐďĞůŽǁ͗
>Z/&/d/KE^
KE/d/KE^E>Z/&/d/KE^^W /&/dKd,/^WZK: d
ƐĚĞĨŝŶĞĚŝŶƚŚĞKǁŶĞƌŐƌĞĞŵĞŶƚ͕͞ŽŶƚŝŶŐĞŶĐLJ͟ŵĂLJŽŶůLJďĞƵƐĞĚǁŝƚŚƉƌŝŽƌǁƌŝƚƚĞŶĂƉƉƌŽǀĂůŽĨDĂƌŝĐŽƉĂ
ŽƵŶƚLJ;KǁŶĞƌͿ͘ŽŶƚŝŶŐĞŶĐLJŝƐĨƵƌƚŚĞƌĚĞĨŝŶĞĚĂƐĨŽůůŽǁƐ͗
KǁŶĞƌŽŶƚŝŶŐĞŶĐLJĨƵŶĚƐŚĂǀĞŶŽƚďĞĞŶŝŶĐůƵĚĞĚŝŶƚŚŝƐ'DW͘
KǁŶĞƌͬŽŶƐƚƌƵĐƚŝŽŶŽŶƚŝŶŐĞŶĐLJŝƐŝŶĐůƵĚĞĚŝŶƚŚŝƐ'DWĂƐϯ͘ϬϬйŽĨƚŚĞŽŶƚƌĂĐƚ^Ƶŵ͘
ϯ͘ WĞƌŵŝƚZĞǀŝĞǁͬĞƐŝŐŶ ǀŽůƵƚŝŽŶŽŶƚŝŶŐĞŶĐLJŝƐŝŶĐůƵĚĞĚŝŶƚŚŝƐ'DWĂƐϮ͘ϱйŽĨƚŚĞŽŶƚƌĂĐƚ^Ƶŵ͘
KE/d/KE^E>Z/&/d/KE^^W /&/dKd,/^'DWE^KW K&tKZ<
ϭ͘
dŚŝƐ'DWĞdžĐůƵĚĞƐĂůůĚĞŵŽůŝƚŝŽŶĂŶĚD WŵĂŬĞͲƐĂĨĞƐĐŽƉĞƌĞƋƵŝƌĞĚƚŽƉƌĞƉĂƌĞƚŚĞĞdžŝƐƚŝŶŐƐƉĂĐĞĨŽƌƚŚĞ
dĞŶĂŶƚ/ŵƉƌŽǀĞŵĞŶƚďƵŝůĚŽƵƚ͘ĞŵŽƐĐŽƉĞǁĂƐƉƌĞǀŝŽƵƐůLJŝŶĐůƵĚĞĚŝŶ'DWηϭ͘
Ϯ͘
dŚĞtŽƌŬĞdžĐůƵĚĞƐĂůůŚĂnjĂƌĚŽƵƐŵĂƚĞƌŝĂůƚĞƐƚŝŶŐ͕ĂďĂƚĞŵĞŶƚ͕ĂŶĚƌĞŵŽǀĂů͘dŚĞKǁŶĞƌŚĂƐĐŽŵƉůĞƚĞĚĂ
ŚĂnjĂƌĚŽƵƐŵĂƚĞƌŝĂůƐƐƵƌǀĞLJƵƐŝŶŐĂƋƵĂůŝĨŝĞĚƌĞƐŽƵƌĐĞĂŶĚŐƵĂƌĂŶƚĞĞƐƚŚĂƚĂŶLJŚĂnjĂƌĚŽƵƐŵĂƚĞƌŝĂůƐƐŚĂůůďĞ
ĂďĂƚĞĚͬƌĞŵŽǀĞĚďLJƚŚĞKǁŶĞƌƉƌŝŽƌƚŽ^ĞƉƚĞŵďĞƌϮϮ͕ϮϬϮϱ͘
ϯ͘
hŶůĞƐƐĐůĂƌŝĨŝĞĚŽƚŚĞƌǁŝƐĞ͕^ĐŽƉĞŽĨtŽƌŬĞdžĐůƵĚĞƐĂůůƵƚŝůŝƚLJĐŽŵƉĂŶLJĐŚĂƌŐĞƐ͕ŝŶĐůƵĚŝŶŐƚŚĞĐŽƐƚŽĨ
ĐŽŶƐƵŵƉƚŝŽŶĚƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚĞtŽƌŬ͘
ϰ͘
dŚĞtŽƌŬĞdžĐůƵĚĞƐĂůůƉĞƌŵŝƚĂŶĚƉůĂŶĐŚĞĐŬĨĞĞƐ͘dŚĞƐĞĂƌĞƚŽďĞƉĂŝĚďLJƚŚĞŽǁŶĞƌ͘
ϱ͘
dŚĞtŽƌŬĞdžĐůƵĚĞƐĂůůũƵƌŝƐĚŝĐƚŝŽŶĂůĂƵƚŚŽƌŝƚLJŝŶƐƉĞĐƚŝŽŶĨĞĞƐ͕ŝŶĐůƵĚŝŶŐĂĨƚĞƌͲŚŽƵƌƐĂŶĚĂĚĚŝƚŝŽŶĂůĨĞĞƐ
ĂƐƐŽĐŝĂƚĞĚǁŝƚŚŝŶƐƉĞĐƚŝŽŶƐ͘
ϲ͘
ůůƐƉĞĐŝĂůŝŶƐƉĞĐƚŝŽŶƐĂƌĞďLJƚŚĞŽǁŶĞƌ͘
ϳ͘
dŚĞtŽƌŬĞdžĐůƵĚĞƐďƵŝůĚŝŶŐƐĞĐƵƌŝƚLJƐĞƌǀŝĐĞƐĚƵƌŝŶŐĐŽŶƐƚƌƵĐƚŝŽŶ͕ŝŶĐůƵĚŝŶŐǁĂƚĐŚŵĞŶ͘
ϴ͘
dŚĞtŽƌŬĞdžĐůƵĚĞƐĐŽŵƉůŝĂŶĐĞǁŝƚŚh͘^͘'ƌĞĞŶƵŝůĚŝŶŐŽƵŶĐŝů> ƌĞƋƵŝƌĞŵĞŶƚƐ͘
ϵ͘
&ŽƌƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨǁŽƌŬĂƐƐŽĐŝĂƚĞĚǁŝƚŚƚŚŝƐ'DW͕DZŚĂƐĂƐƐƵŵĞĚƚŚĂƚDĂƌŝĐŽƉĂŽƵŶƚLJǁŝůů
ƉƌŽǀŝĚĞDZƉĂƌŬŝŶŐĚƵƌŝŶŐĐŽŶƐƚƌƵĐƚŝŽŶĂƚŶŽĐŽƐƚƚŽƚŚĞDZ͘
ϭϬ͘ /ƚŝƐĂƐƐƵŵĞĚƚŚĂƚDĂƌŝĐŽƉĂŽƵŶƚLJǁŝůůƉƌŽǀŝĚĞǁŽƌŬƐƚĂƚŝŽŶƐƉĂĐĞŝŶƚŚĞ&ĂĐŝůŝƚŝĞƐDĂŶĂŐĞŵĞŶƚ
ĞƉĂƌƚŵĞŶƚďƵŝůĚŝŶŐĂƚϰϬϭt͘:ĞĨĨĞƌƐŽŶ^ƚ͘ĨŽƌƚŚĞƉƌŽũĞĐƚƚĞĂŵĨŽƌƚŚĞĚƵƌĂƚŝŽŶŽĨǁŽƌŬ͘
ϭϭ͘ hŶůĞƐƐŽƚŚĞƌǁŝƐĞƐƉĞĐŝĨŝĞĚďĞůŽǁ͕ŽƌŽƚŚĞƌǁŝƐĞĐŽŽƌĚŝŶĂƚĞĚǁŝƚŚKǁŶĞƌ͕ĂůůǁŽƌŬŝƐĂƐƐƵŵĞĚƚŽƚĂŬĞƉůĂĐĞ
͞ŽĨĨͲŚŽƵƌƐ͘͟^ƚĂƌƚĂŶĚƐƚŽƉƚŝŵĞƐŵĂLJǀĂƌLJ͕ďƵƚǁŝůůďĞŐŝŶŶŽĞĂƌůŝĞƌƚŚĂŶϳƉŵ͕ĂŶĚǁŝůůĞŶĚƉƌŝŽƌƚŽϳĂŵ͘
ϭϮ͘ ƵŝůĚŝŶŐ/ŶĨŽƌŵĂƚŝŽŶDŽĚĞůŝŶŐŝƐĞdžĐůƵĚĞĚĨƌŽŵƚŚŝƐ'DW͘
ϭϯ͘ dŚŝƐ'DWĂƐƐƵŵĞƐĂĨŽƌŵĂůEŽƚŝĐĞƚŽWƌŽĐĞĞĚĚĂƚĞŽĨKĐƚŽďĞƌϲ͕ϮϬϮϱ͘
ϭϰ͘ 'ĞŶĞƌĂů>ŝĂďŝůŝƚLJ/ŶƐƵƌĂŶĐĞ͕WĂLJŵĞŶƚͬWĞƌĨŽƌŵĂŶĐĞŽŶĚƐ͕ĂŶĚƵŝůĚĞƌ͛ƐZŝƐŬ/ŶƐƵƌĂŶĐĞĂƌĞŝŶĐůƵĚĞĚĂƚ
ƐƚŝƉƵůĂƚĞĚͬŶŽŶͲĂƵĚŝƚĂďůĞƌĂƚĞƐŽĨϭ͘ϳϱй͕Ϭ͘ϲϱй͕ĂŶĚϬ͘ϮϱйŽĨƚŚĞ'DWƚŽƚĂů͕ƌĞƐƉĞĐƚŝǀĞůLJ͘
ϭϱ͘ ^ƵďĐŽŶƚƌĂĐƚŽƌĞĨĂƵůƚ/ŶƐƵƌĂŶĐĞŝƐŝŶĐůƵĚĞĚĂƚĂƐƚŝƉƵůĂƚĞĚͬŶŽŶͲĂƵĚŝƚĂďůĞƌĂƚĞŽĨϭ͘ϮϱйŽĨƚŚĞŽƐƚŽĨ
tŽƌŬ͘
Ϭϭʹ' E Z>KE/d/KE^EZ Yh/Z D Ed^
ϭ͘ dŚĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐŝŶĐůƵĚĞĚŝŶƚŚŝƐƉƌŽƉŽƐĂůĂĐĐŽƵŶƚĨŽƌƚŚĞĐŽŶƚŝŶƵĂƚŝŽŶŽĨƚŚĞƐƚĂĨĨŝŶŐƚŚĂƚǁĂƐ
ŝŶĐůƵĚĞĚŝŶ'DWηϭĚĂƚĞĚϬϴͬϮϬͬϮϬϮϱ͘
Ă͘ dŚĞƐƚĂĨĨŝŶŐŝŶĐůƵĚĞĚŝŶƚŚĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐĂƐƐƵŵĞƐĂĐŽŶƐƚƌƵĐƚŝŽŶƐƚĂƌƚĚĂƚĞŽĨϭϮͬϴͬϮϱĨŽƌ
ƚŚĞŽǁŶƚŽǁŶ:ƵƐƚŝĐĞĞŶƚĞƌƌĞŶŽǀĂƚŝŽŶ͕ĂŶĚĂĐŽŶƐƚƌƵĐƚŝŽŶƐƚĂƌƚĚĂƚĞŽĨϭͬϭϮͬϮϲĨŽƌƚŚĞtĞƐƚ
ŽƵƌƚƐƌĞŶŽǀĂƚŝŽŶ͘/ĨƚŚĞƐĞƐƚĂƌƚĚĂƚĞƐĐŚĂŶŐĞ͕ƚŚĞ'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐŝŶĐůƵĚĞĚŝŶƚŚŝƐ'DWŵĂLJďĞ
ŝŵƉĂĐƚĞĚ͘
Ϯ͘ ^ƉĞĐŝĨŝĐĂƚŝŽŶ^ĞĐƚŝŽŶϬϭϯϯϬϬ
Ă͘ ůů^ŚŽƉƌĂǁŝŶŐƐĂŶĚWƌŽĚƵĐƚĂƚĂǁŝůůďĞƐƵďŵŝƚƚĞĚĞůĞĐƚƌŽŶŝĐĂůůLJǀŝĂWƌŽĐŽƌĞ͘
ϬϮʹ^ > d/s E^/d DK>/d/KE
ϭ͘ EŽƚĂƉƉůŝĐĂďůĞƚŽƚŚŝƐ'DW͘
ϬϯͲKEZ d
ϭ͘ EŽƚĂƉƉůŝĐĂďůĞƚŽƚŚŝƐ'DW͘
ϬϰͲD^KEZz
ϭ͘ EŽƚĂƉƉůŝĐĂďůĞƚŽƚŚŝƐ'DW͘
ϬϱͲD d>^
ϭ͘ EŽƚĂƉƉůŝĐĂďůĞƚŽƚŚŝƐ'DW͘
ϬϲʹtKK^EW>^d/^
ϭ͘ DĂƚĞƌŝĂůƐƉƌŽǀŝĚĞĚĨŽƌƚŚĞŵŝůůǁŽƌŬĂƌĞĂƐĨŽůůŽǁƐ͗
Ă͘ ^ƵďƐƚƌĂƚĞƚŽďĞƚŚĞƌŵŽĨƵƐĞĚǁŚŝƚĞŵĞůĂŵŝŶĞŽŶƉĂƌƚŝĐůĞďŽĂƌĚ
ď͘ ,ŝŶŐĞƐƚŽďĞϭϳϬΣŽƉĞŶĂŶĚƐĞůĨͲĐůŽƐŝŶŐ
Đ͘
WƵůůƐƚŽďĞϰ͟Ž͘Đ͘ĂůƵŵŝŶƵŵ
Ě͘ ƌĂǁĞƌƐůŝĚĞƐʹĂĐĐƵƌŝĚĞƐŽĨƚĐůŽƐĞ
Ğ͘ ƌĂǁĞƌďŽdžĞƐʹďŝƌĐŚǁŽŽĚǁͬĐůĞĂƌĐŽĂƚ
Ĩ͘
ĂďŝŶĞƚ͕ĚŽŽƌ͕ĚƌĂǁĞƌĨĂĐĞƐĂŶĚĞĚŐĞƐʹϯŵŵWsĞĚŐĞďĂŶĚ
Ő͘
EŽůŽĐŬǁŝůůƐďĞƉƌŽǀŝĚĞĚ
ϬϳͲd, ZD>EDK/^dhZ WZKd d/KE
ϭ͘ EŽƚĂƉƉůŝĐĂďůĞƚŽƚŚŝƐ'DW͘
ϬϴͲKKZ^͕t/EKt^E'>^^
ϭ͘ &ŝŶĂůŬĞLJŝŶŐŝƐĂƐƐƵŵĞĚƚŽďĞďLJƚŚĞKǁŶĞƌ͘
ϬϵͲ&/E/^, ^
ϭ͘ DŝŶŽƌĨůŽŽƌƉƌĞƉŚĂƐďĞĞŶŝŶĐůƵĚĞĚŽŶůLJĂƚĂƌĞĂƐƚŽƌĞĐĞŝǀĞ>sdͲϭĂŶĚ^sdͲϭ
Ϯ͘ &ůŽŽƌŐƌŝŶĚŝŶŐŽƌĨůŽĂƚŝŶŐŽĨƐůĂďƐŝƐŶŽƚŝŶĐůƵĚĞĚ͘
ϯ͘ ZĞĨƌĞƐŚŽĨĞdžŝƐƚŝŶŐĨŝŶŝƐŚĞƐŝƐŶŽƚŝŶĐůƵĚĞĚǁŝƚŚŝŶƚŚĞŚĂƚĐŚĞĚĂƌĞĂŝĚĞŶƚŝĨŝĞĚĂƐ͞EŽƚŝŶ^ĐŽƉĞŽĨWƌŽũĞĐƚ͟ŽŶ
ƐŚĞĞƚϮ͘Ϯ͘
ϭϬͲ^W />d/ ^
ϭ͘ ^ƉĞĐŝĨŝĐĂƚŝŽŶƐĞĐƚŝŽŶϭϬϮϴϬϬdŽŝůĞƚ͕ĂƚŚ͕ĂŶĚ>ĂƵŶĚƌLJĐĐĞƐƐŽƌŝĞƐŝƐĞdžĐůƵĚĞĚ͕ĂƐƚŚĞƌĞĂƌĞŶŽƌĞƐƚƌŽŽŵ
ĂĐĐĞƐƐŽƌŝĞƐƐŚŽǁŶ͘
ϭϭͲ Yh/WD Ed
ϭ͘ &ƵůůͲƐŝnjĞƌĞĨƌŝŐĞƌĂƚŽƌŝƐĂƐƐƵŵĞĚƚŽďĞ' ŶĞƌŐLJ^ƚĂƌϭϵ͘ϮƵ͘&ƚ͕͘DŽĚĞůη͗'d ϭϵ:^EZ^^
Ϯ͘ hŶĚĞƌͲĐŽƵŶƚĞƌƌĞĨƌŝŐĞƌĂƚŽƌŝƐĂƐƐƵŵĞĚƚŽďĞ^ƵŵŵŝƚZĞĨƌŝŐĞƌĂƚŝŽŶϮϰ͟ǁŝĚĞŽŵƉůŝĂŶƚ͕DŽĚĞůη>ϱϰ
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ϭ͘ EĞǁƐƉƌŝŶŬůĞƌŚĞĂĚƚLJƉĞƐĂƌĞĂƐƐƵŵĞĚƚŽďĞƐĞŵŝͲƌĞĐĞƐƐĞĚĂƚůĂLJͲŝŶĐĞŝůŝŶŐůŽĐĂƚŝŽŶƐ͕ĂŶĚĐŽŶĐĞĂůĞĚŚĞĂĚƐĂƚ
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PROPOSAL FOR:
CLEANING SERVICES
TO:
KITCHELL CONTRACTORS INC.
PROJECT:
MARICOPA COUNTY - EAST COURT TI
101 WEST JEFFERSON STREET, PHOENIX, AZ
DATE:
AUGUST 5, 2025
PAGE:
2 OF 9
Serving Arizona since 1982!
(DVW-DFNVRQ6WUHHW3KRHQL[$UL]RQD
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PROPOSAL FOR:
CLEANING SERVICES
TO:
KITCHELL CONTRACTORS INC.
PROJECT:
MARICOPA COUNTY - EAST COURT TI
101 WEST JEFFERSON STREET, PHOENIX, AZ
DATE:
AUGUST 5, 2025
PAGE:
3 OF 9
Serving Arizona since 1982!
(DVW-DFNVRQ6WUHHW3KRHQL[$UL]RQD
35235,(7$5<,1)250$7,21±'2127',675,%87(:,7+287:5,77(1$87+25,=$7,21
& ?8VHUV?V\VDGPLQ?'RZQORDGV?.,7&+(//0$5,&23$&7<2)),&(?%,'.&,0&(&GRF[
6&23(2):25.
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NOTE: This service includes removing stickers, caulking, paint overspray, etc. but not excessive amounts.
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NOTE: Service excludes elevator cabs.
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NOTE: This is not a grout haze removal service.
PROPOSAL FOR:
CLEANING SERVICES
TO:
KITCHELL CONTRACTORS INC.
PROJECT:
MARICOPA COUNTY - EAST COURT TI
101 WEST JEFFERSON STREET, PHOENIX, AZ
DATE:
AUGUST 5, 2025
PAGE:
4 OF 9
Serving Arizona since 1982!
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PROPOSAL FOR:
CLEANING SERVICES
TO:
KITCHELL CONTRACTORS INC.
PROJECT:
MARICOPA COUNTY - EAST COURT TI
101 WEST JEFFERSON STREET, PHOENIX, AZ
DATE:
AUGUST 5, 2025
PAGE:
5 OF 9
Serving Arizona since 1982!
(DVW-DFNVRQ6WUHHW3KRHQL[$UL]RQD
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NOTE: Service excludes elevator cabs.
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PROPOSAL FOR:
CLEANING SERVICES
TO:
KITCHELL CONTRACTORS INC.
PROJECT:
MARICOPA COUNTY - EAST COURT TI
101 WEST JEFFERSON STREET, PHOENIX, AZ
DATE:
AUGUST 5, 2025
PAGE:
6 OF 9
Serving Arizona since 1982!
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PROPOSAL FOR:
CLEANING SERVICES
TO:
KITCHELL CONTRACTORS INC.
PROJECT:
MARICOPA COUNTY - EAST COURT TI
101 WEST JEFFERSON STREET, PHOENIX, AZ
DATE:
AUGUST 5, 2025
PAGE:
7 OF 9
Serving Arizona since 1982!
(DVW-DFNVRQ6WUHHW3KRHQL[$UL]RQD
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All costs incurred for mandatory participation in general contractor’s bidding, contract administration or invoice processing systems,
will be passed through as change order to general contractor, ie: Textura, GC Pay, ProCore, iprobid, isqft, etc.
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PROPOSAL FOR:
CLEANING SERVICES
TO:
KITCHELL CONTRACTORS INC.
PROJECT:
MARICOPA COUNTY - EAST COURT TI
101 WEST JEFFERSON STREET, PHOENIX, AZ
DATE:
AUGUST 5, 2025
PAGE:
8 OF 9
Serving Arizona since 1982!
(DVW-DFNVRQ6WUHHW3KRHQL[$UL]RQD
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NET THIRTY (30) DAYS
1.5% FINANCE CHARGE PER MONTH PER PAST DUE BALANCE. AS A CONDITION OF THIS AGREEMENT, IF
THE ACCOUNT BECOMES DELINQUENT, Kitchell Contractors Inc. AGREES TO PAY ALL COSTS ASSOCIATED
WITH COLLECTIONS, INCLUDING REASONABLE ATTORNEY AND COURT FEES.
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NOTE: ACS Building Services LLC may withdraw our proposal if not contracted within thirty (30) days from date of proposal
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PROPOSAL FOR:
CLEANING SERVICES
TO:
KITCHELL CONTRACTORS INC.
PROJECT:
MARICOPA COUNTY - EAST COURT TI
101 WEST JEFFERSON STREET, PHOENIX, AZ
DATE:
AUGUST 5, 2025
PAGE:
9 OF 9
Serving Arizona since 1982!
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ʓ
AZʓJanitorialʓServicesʓLLCʓ
Mobile:ʓ+1ʓ(602)ʓ921-2335ʓ
ʓ
Company:ʓKitchellʓ
Date:ʓ07/31/2025ʓ
Opportunityʓname:ʓMaricopaʓCountyʓ
OǘceʓOptimizationʓʓ
Contactʓname:ʓHaydenʓKeilmanʓ
Contactʓtelephone:ʓʓ
ValidʓTill:ʓ01/31/2026ʓ
Contactʓmail:ʓhkeilman@kitchell.comʓ
Refʓn°:ʓAZ-1848ʓ
ʓ
Attn:ʓHaydenʓKeilmanʓ
ʓ
AZbJanitorialbServicesbLLCbmaintainsbabcleanbimagebwhilebminimizingbdisruptionbforbyourbtenants.bAZbJanitorialb
Servicesbspecializesbinbconstructionbcleanbup,bcommercialbcleaning,bwindowbcleaning,tubbrepair,bcarpetbandb
floorbcleaning,bandbpressurebwashingbforbapartments,bhospitals,boffices,bschools,brestaurantsbretailbspacesbandb
more.bOurbquickbturn-aroundbtimes,brigorousbcleaningbstandardsbandbconsistentbqualitybensuresbwebremainbasb
onebofbthebmostbrecommendedbcompaniesbbybcontractorsbonbThebBluebBookbBuildingbandbConstructionb
Network.b
Proposalʓ
b
SerialʓNºʓʓ
ProductʓNameʓ
Quantityʓ
Unitʓ
Priceʓ
Totalʓ
Notesʓ
1ʓ
FinalʓClean-ʓOǘceʓSpaceʓ
16,153ʓ
$ʓ0.35ʓ
$ʓ5,653.55ʓ
LEVELʓ1ʓANDʓ2ʓ-ʓ
DELIMITEDʓAREAʓ
2ʓ
InteriorʓWindowʓCleaning-ʓ
OǘceʓSpaceʓ
87ʓ
$ʓ10.00ʓ
$ʓ870.00ʓ
DOESN'TʓINCLUDEʓ
BOOMʓLIFTʓRENTALʓ
ʓ
Grandʓtotal:ʓ$ʓ6,524.00ʓ
b
b
b
ʓ
SCOPEbOFbWORKb
FINALbCLEANb
ঞ
bVacuumbclean/dustbdisplaybcasesbinsidebandboutside.b
ঞ
Dustingbbaseboards,bfixtures,bandbfurnishings-cabinetsbcounters,bshelving.b
ঞ
bShineballbstainlessbsteel.b
ঞ
DustingbandbwipebdownbBlinds.b
ঞ
Vacuumbcarpet.b
ঞ
Dustbmopbandbdampbmopbfloorbcoldbwaterbcleaner.b
ঞ
Dustb&bcleanbstairsbandbrails.b
ঞ
Cleanballbmirrors,bglassbcabinetbandbdoorbinserts.b
ঞ
Cleanballbbaseboards.b
ঞ
Cleanballbdoorsbandbhardware.b
ঞ
Polishbsinksbandbcountertops.b
ঞ
Dustbthroughout.b
ঞ
Cleanballbreceptaclesbandbswitchbplates.b
ঞ
Cleanballbelectricalbfixtures.b
ঞ
Removeballbtrashbandbdebrisbfrombspace.b
WINDOWSʓCLEANINGʓ
A.ʓALLʓinteriorʓwindows.ʓ
B.ʓWashʓinsideʓglassʓ&ʓwindow,ʓremoveʓallʓdirt,ʓsmudges,ʓǖngerprints,ʓstreaks,ʓcobwebsʓ
GENERALbNOTES:b
Conductbpre-walkbthroughbwithbGCb
bIfbnon-bpunchblistbitemsbcreatebneedbforbrepeatbwork,banbadditionalbchargebmaybbeb
assessed.
bAnybchargebbacksborbadditionalbchargesbwillbbebpre-approvedbbybbothbparties.bb
ʓ
EXCLUSIONS:ʓ
bࢂbRemovalbofbadheredbmaterials,btape,bStyrofoam,bcementbsplatter,bandbdebrisbwillbrequirebadditionalb
charges.b
ࢂbBothbpartiesbagreebthatbifbthebtimesbwebcalculatedbtobprovidebcleansbarebaffectedbduebtobotherbtrades,bweb
willbrequirebabquotedbadditionalbcharge/backbcharge.bb
ࢂbThebusebofbaerialbliftsbisbnotbincludedbinbthebproposal,bbutbwebwillbneedbitbtobcompletebabjobbthatbisb4b
floorsbandbhigher.bIfbthebprojectbisbab3bstorybwebwillbdobwithbanbextensionbpole.b
ࢂIfbthebbathtubborbtoiletbpresentsbunusualbconditions,bsuchbasbthebpresencebofburineborbfeces,bitbwillbbeb
consideredbabbiohazardbcleaning,bwhichbwillbincurbanbadditionalbcharge.b
ࢂIfbthebroughbcleanbisbnotbperformedbandbthebfinalbcleanbisbdonebdirectly,bnobcreditborbdiscountbwillbbeb
applied.bThebtimebrequiredbforbthebfinalbcleaningbwillbremainbthebsame,basbthebconditionbofbthebunitsbwillb
notbchangebfrombthebfirstbphase.b
ࢂIfbremovingbthebplasticbfrombanybitembinbthebunitbtakesblongerbthanb10bminutes,btherebwillbbebanb
additionalbcharge.b
bࢂbBothbpartiesbagreebthatbifbatbanybpointbinbtimebduringbthebprojectbwebhavebdifficultiesbaccessingbwaterbtob
completebwork,bwebwillbrequirebabquotedbadditionalbcharge.b
bࢂbBothbpartiesbagreebthatbwhenbfinalizingbthebservicebeachbday,bthebsitebsuperintendentbfrombGENERALb
CONTRACTORb&bAZJSbTeambleaderbmustbwalkbthebcompletedbwork,bapproveb&bsignboff.b
bࢂbBothbPartiesbAgreebthatbwhenbanbauthorizedbpersonbsignsbabsign-offbforbAZJS,bit’sbbecausebthebworkbwasb
finishedbcorrectlyb
b
ʓ
b
Pleasebreviewbthebattachedbestimate.bFeelbfreebtobcontactbusbifbyoubhavebanybquestions.b
b
Weblookbforwardbtobworkingbwithbyou.b
AZbJanitorialbServicesbLLCb
ʓ
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Description
Cost
Millwork: Furnish & install items listed
$107,458.31
See attached details
CALL FOR SCHEDULING PRIOR TO AWARD
Note: budget pricing is subject to change as the information provided is insuf"cient to quote accurately. Anything listed as
other than “Speci"ed” is the reason this is a budget. Awards based on budget pricing must be clari"ed and any change
orders signed prior to submittals. We will bid a budget as many times as it takes for the architect to get it right.
Exclusions:
MDF cabinet construction.
3mm edge banding on p-lam counters.
MDO anything.
“Wire Pulls: Back mounted, solid metal, 5 inches long, 2-1/2 inches deep, and 5/16 inch in diameter”. This is not
a speciHcation. This is a description. A speciHcation would include a make & part number. We will provide a
standard 4” aluminum wire pull until a real speciHcation is provided.
“INTEGRAL BACKSPLASH WHERE OCCURS -REFERENCE KEYNOTES, ELEVATIONS”. The section shows no
cove, no elevations call for it and the speciHcations say; “Fabricate with loose backsplashes for Held assembly’.
Cove backsplashes do no come loose.
1. NOTE: CALL FOR SCHEDULING PRIOR TO AWARD.
2. NOTE: Any conIicts in the documents provided will defer to the less expensive option.
3. NOTE: Any drawings or speciHcation requiring fabrication beyond the limits of the material speciHed will be
excluded.
4. NOTE: Any non-standard construction methods that do not meet AWI grade requirements will be excluded.
5. NOTE: All pricing is based on regular working hours UNO.
6. NOTE: UndeHned products, materials, conIicts & details in the bid documents are subject to price change
once clariHed.
7. NOTE: Quantities & counts provided on the attached abstract are ALL that is being provided.
8. NOTE: Pricing is based on one mobilization. Additional mobilizations will incur an additional $200.00 per trip.
9. NOTE: UNO, we will always provide in wall supports per ESW design. Architectural details for similar supports
will not be provided. If we have to redesign in wall supports for a project, expect a change order.
10. Note: Pricing is based on the availability & use of elevators for multiple Ioor projects.
Sub Total:
$107,458.31
Sales tax, if applicable:
$2,839.62
Total:
$110,297.93
Millwork Budget
E x h i b i t s S o u t h w e s t L L C A Z R O C 3 2 5 4 0 7 p : 4 8 0 . 7 6 3 . 3 3 3 3
6 6 3 0 S . A s h A v e n u e T e m p e , A z 8 5 2 8 3 f : 4 8 0 . 7 6 3 . 3 3 3 9
MEMBER
A r c h i t e c t u r a l M i l l w o r k
C o u n t e r s C a s e w o r k
Q u a l i t y
•
S e r v i c e •
I n t e g r i t y
Quote Date: 07/30/25
Maricopa County OfHce Optimization
101 W. Jefferson St., Phoenix, AZ
6HOHFWHG7UDGH3DUWQHU
Millwork Budget
E x h i b i t s S o u t h w e s t L L C A Z R O C 3 2 5 4 0 7 p : 4 8 0 . 7 6 3 . 3 3 3 3
6 6 3 0 S . A s h A v e n u e T e m p e , A z 8 5 2 8 3 f : 4 8 0 . 7 6 3 . 3 3 3 9
MEMBER
A r c h i t e c t u r a l M i l l w o r k
C o u n t e r s C a s e w o r k
Q u a l i t y
•
S e r v i c e
•
I n t e g r i t y
Miscellaneous
Yes
No
Bid bond
Payment Bond
Performance Bond
Davis Bacon Wages
AWI Quality Certi@cation certi@cates
NAUF
Fire Rated substrate
Fire rated laminate
FSC/Leed Certi@ed
Liquidated Damages
Methods / Materials for construction
r construction
AWI Grade
Speci@ed
Custom
Substrate
Speci@ed
Thermofused white melamine on particle board
Cabinet backs
Speci@ed
1/4" Thermofused white MDF
Hinges
Speci@ed
170 self closing
Pulls
Unspeci@ed
4" o.c. aluminum wire pull
Drawer slides
Speci@ed
Accuride soft close
Drawer boxes
Speci@ed
Wood boxes, clear coat
Cabinet edges
Speci@ed
3 mm pvc edgeband
Door/drawer face edges
Speci@ed
3 mm pvc edgeband
Shelf support
Unspeci@ed
32 mm pin system
Counter supports
In-wall steel supports included, as needed
Blocking
Concealed blocking not included
Locks
Not included, unless listed in bid
Finish Schedule
Mfgr.
Plastic laminates
Per @nish schedule
Wilsonart
Solid Surface
Per @nish schedule
Wilsonart
Granite
Not included
Engineered Stone
Not included
Drawings
Drawings dated:
Jun 27, 2025
Spec Book
Incomplete
Contradictory
Addenda / Clari@cations
1 thru 2
Additional notes or clari/cation
Bid valid for 30 days..
Address estimating questions to: Michael McDannell email: estimating@exhibitsw.com 480-763-3333, ext. 204
Address any letter of intent / contracts to: Dane Beem email: dane@exhibitsw.com
6630 S. Ash Ave.
Tempe, AZ 85283
Ph. (480) 763-3333
Fax. (480) 763-3339
0DULFRSD&RXQW\2IILFH2SWLPL]DWLRQ
:-HIIHUVRQ6W3KRHQL[$=
8/26/25 10:00
1* BREAK, 2012, 1/A7.1
SS-1, WILSONART, 9223SS COUNTERS
OQIW
UNDER MOUNT SINK CUTOUTS
HDFK
BASE, 1D,1DR, 24"
OQIW
BASE, 2D, 36"
OQIW
BASE, 2D.2DR, 30"
OQIW
UPPER, 30X30X14
OQIW
UPPERS, DEEP
OQIW
MICRO CAB
OQIW
FINISHED END PANELS
HDFK
IN WALL SUPPORTS/SPEED BRACE
HDFK
LEG PANEL
HDFK
ADA DOORS
HDFK
2* CORRIDOR, 2025, 2,3,7/A7.1
P-LAM COUNTERS
OQIW
P-LAM SURROUNDS/SEAT BENCH
OQIW
IN WALL SUPPORTS/SPEED BRACE
HDFK
SF-1 CUSHIONS
ORW
3* BREAK, 2030, 4/A7.1
SS-1, WILSONART, 9223SS COUNTERS
OQIW
UNDER MOUNT SINK CUTOUTS
HDFK
BASE, 1D,1DR, 16"
OQIW
BASE, 2D, 36"
OQIW
BASE, 2D.2DR, 30"
OQIW
BASE, 2D,2DR, 36"
OQIW
UPPER, 30X30X14
OQIW
UPPERS, DEEP
OQIW
MICRO CAB
OQIW
FINISHED END PANELS
HDFK
WORK SHEET
ADA DOORS
HDFK
4* COPY, 2025, 5&6/A7.1
P-LAM COUNTERS
OQIW
BASE, 2D.2DR, 30"
OQIW
UPPER, 30X30X14
OQIW
TALL STORAGE CABINET
OQIW
FINISHED END PANELS
HDFK
5* COPY, NO ROOM#, 9/A7.1
P-LAM COUNTERS
OQIW
BASE, 1D,1DR, 24"
OQIW
UPPER, 30X30X14
OQIW
FINISHED END PANELS
HDFK
6* COFFEE, 1024, 14/A7.1
SS-1, WILSONART, 9223SS COUNTERS
OQIW
BASE, 2D.2DR, 30"
OQIW
UPPER, 30X30X14
OQIW
FINISHED END PANELS
HDFK
7* COFFEE, 2037 (OR IS THAT 2036?), 11/A7.1
SS-1, WILSONART, 9223SS COUNTERS
OQIW
UNDER MOUNT SINK CUTOUTS
HDFK
BASE, 2D, 36"
OQIW
BASE, 2D,2DR, 36"
OQIW
UPPER, 30X30X14
OQIW
ADA DOORS
HDFK
8* HELP DESK, 1021, 8,13/A7.1
SS-1, WILSONART, 9223SS COUNTERS
VI
P-LAM WALLS
OQIW
BASE, 2D,2DR, 36"
OQIW
FINISHED END PANELS
HDFK
IN WALL SUPPORTS/SPEED BRACE
HDFK
APPLIED FINISHED ENDS
HDFK
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ϭ͘ W>ͲϭWĂŶĞůŝŶŐĂƚϮϬϮϱĐŽƌƌŝĚŽƌ͘
Ϯ͘ WůĂƐƚŝĐ>ĂŵŝŶĂƚĞĐĂƐĞǁŽƌŬƉƌŽǀŝĚĞĚǁŚĞƌĞŝŶĚŝĐĂƚĞĚŽŶĚƌĂǁŝŶŐƐ
Ă͘ ĂƐĞĂďŝŶĞƚƐ
ď͘ tĂůůĂďŝŶĞƚƐ
Đ͘ dĂůůĂďŝŶĞƚƐ
Ě͘ ŶĚWĂŶĞůƐ
Ğ͘ ƉƌŽŶZĂŝůƐ
ϯ͘ ƌĂǁĞƌďŽdžĞƐƚŽďĞĐŽŶƐƚƌƵĐƚĞĚŽĨЪ͟ƐŽůŝĚĞĞĐŚ/>KŽĨĂůƚŝĐŝƌĐŚ͘
ϰ͘ ^&Ͳϭ^ĞĂƚĐƵƐŚŝŽŶƐƉƌŽǀŝĚĞĚĂƚϮϬϮϱĐŽƌƌŝĚŽƌ
ϱ͘ /ƌŽŶǁŽƌŬƐŚŝĚĚĞŶĨůŽĂƚŝŶŐǀĂŶŝƚLJďƌĂĐŬĞƚƐƉƌŽǀŝĚĞĚǁŚĞƌĞŶĞĞĚĞĚĨŽƌƐƵƉƉŽƌƚ͘
ϲ͘ dƵƌŶŬĞLJW>ͲϭƐƵƌƌŽƵŶĚĂƚϭϬϮϭ,ĞůƉĞƐŬŚĞĐŬͲ/Ŷ͘
džĐůƵĚĞ
ϳ͘ ZĞĐĞƐƐĞĚĐŽƵŶƚĞƌƚŽƉƉŽƉͲƵƉƉŽǁĞƌĚĂƚĂŵŽĚƵůĞ͘
ϴ͘ tŽƌŬǁŝƚŚŝŶĞůĞǀĂƚŽƌĐĂďƐ͘
ϵ͘ ĂĐŬŝŶŐ͕ďůŽĐŬŝŶŐ͕ŽƌďƌĂĐŝŶŐŝŶǁĂůůƐŽƌĐĞŝůŝŶŐƐ͘
ϭϬ͘^ƚƌƵĐƚƵƌĂůŽƌŵŝƐĐĞůůĂŶĞŽƵƐƐƚĞĞůƐƵƉƉŽƌƚƐŝŶͲǁĂůůƐŽƌĐĞŝůŝŶŐƐ͘
ϭϭ͘^ĐƌŝďŝŶŐƚŽĨůŽŽƌĐŽŶĚŝƚŝŽŶƐ͘&ůŽŽƌƐƚŚĂƚĞdžĐĞĞĚĂŶŽŶͲĂĐĐƵŵƵůĂƚŝǀĞƚŽůĞƌĂŶĐĞŽĨЬ͟ŝŶϭϬ͛ͲϬ͟ǁŝůůŶĞĞĚƚŽďĞĨůŽĂƚĞĚ
ŽƌďƌƵƐŚĞĚďLJŽƚŚĞƌƐ͘
ϭϮ͘DĞĐŚĂŶŝĐĂů͕ĞůĞĐƚƌŝĐĂů͕ĂŶĚƉůƵŵďŝŶŐĐŽŶŶĞĐƚŝŽŶƐŽĨĂŶLJƚLJƉĞ͘
ϭϯ͘DĞĐŚĂŶŝĐĂů͕ĞůĞĐƚƌŝĐĂů͕ĂŶĚƉůƵŵďŝŶŐŵĂƚĞƌŝĂůƐ͘&ŽƌĞdžĂŵƉůĞ͕ďƵƚŶŽƚůŝŵŝƚĞĚƚŽ͕ǀĂůǀĞƐ͕ƐŚƵƚŽĨĨƐ͕ƚƌĂƉƐ͕ƉŝƉŝŶŐ͕
ĚƌĂŝŶƐ͕ĐŽŶĚƵŝƚ͕ǁŝƌŝŶŐ͕ũͲďŽdžĞƐ͕ƚƌĂŶƐŝƚŝŽŶƐ͕ĚƵĐƚǁŽƌŬ͕ĚĞǀŝĐĞƐ͕ƐŚĞĞƚŵĞƚĂů͕ĨŝƚƚŝŶŐƐ͕ŽƌĂŶLJŽƚŚĞƌƌĞůĂƚĞĚŵĂƚĞƌŝĂůƐ
ĨŽƌƚŚŝƐǁŽƌŬ͘
ϭϰ͘sŝŶLJůĂŶĚͬŽƌƌƵďďĞƌďĂƐĞŵŽůĚŝŶŐ͘
ϭϱ͘ĂďŝŶĞƚůŽĐŬƐ;ƵŶůĞƐƐƐƉĞĐŝĨŝĐĂůůLJƐŚŽǁŶͿ͘
DĂƌŝĐŽƉĂŽƵŶƚLJ ĂƐƚŽƵƌƚd/
WŚŽĞŶŝdž͕
WĂŐĞϮŽĨϲ
ZĞǀ͘ϮϬϮϱ͘ϭ/^ ͕/ŶĐ͘
ϭϲ͘dĂƐŬůŝŐŚƚŝŶŐĨŽƌĐĂƐĞǁŽƌŬ͘
ϭϳ͘ĂĐŬƉƌŝŵŝŶŐŽĨƉĂŝŶƚŐƌĂĚĞŵĂƚĞƌŝĂůƐ͘
ϭϴ͘ĐĐĞƐƐĚŽŽƌƐĂŶĚƉĂŶĞůƐƐƉĞĐŝĨŝĞĚŝŶϬϴϯϭϬϬ͘
ϭϵ͘^ĞŝƐŵŝĐĞŶŐŝŶĞĞƌŝŶŐ͕ĐĂůĐƵůĂƚŝŽŶƐ͕ĂŶĚƐƚĂŵƉƐ͘
ϮϬ͘&ŝƌĞŽƌƐŽƵŶĚĐĂƵůŬŝŶŐŽĨƉĞŶĞƚƌĂƚŝŽŶƐ͘
Ϯϭ͘ĞĨĞƌƌĞĚĂƉƉƌŽǀĂůƐ͕ƉĞƌŵŝƚƐ͕ĂŶĚĚĞůĞŐĂƚĞĚĚĞƐŝŐŶ͘
ϭϮϯϲϮϯ͘ϭϯʹW>^d/>D/Ed KhEd ZdKW^
/ŶĐůƵĚĞ
ϭ͘ W>ͲϮĐŽƵŶƚĞƌƚŽƉƐƉƌŽǀŝĚĞĚǁŚĞƌĞŝŶĚŝĐĂƚĞĚŽŶĚƌĂǁŝŶŐƐ͘
džĐůƵĚĞ
Ϯ͘ ĂĐŬŝŶŐ͕ďůŽĐŬŝŶŐ͕ŽƌďƌĂĐŝŶŐŝŶǁĂůůƐŽƌĐĞŝůŝŶŐƐ͘
ϯ͘ ^ŝŶŬƐ͕ĨŝdžƚƵƌĞƐ͕ĂŶĚĂĐĐĞƐƐŽƌŝĞƐŽĨĂŶLJƚLJƉĞ͘
ϰ͘ DĞĐŚĂŶŝĐĂů͕ĞůĞĐƚƌŝĐĂů͕ĂŶĚƉůƵŵďŝŶŐĐŽŶŶĞĐƚŝŽŶƐŽĨĂŶLJƚLJƉĞ͘
ϭϮϯϲϲϭ͘ϭϲʹ^K>/^hZ& &Z/d/KE^
/ŶĐůƵĚĞ
ϭ͘ ^^ͲϭtŝůƐŽŶĂƌƚŶŐĞů&ĂůůƐĐŽƵŶƚĞƌƚŽƉƐǁŝƚŚƐŝŶŬĐƵƚŽƵƚƐƉƌŽǀŝĚĞĚǁŚĞƌĞŝŶĚŝĐĂƚĞĚŽŶĚƌĂǁŝŶŐƐ͘
Ϯ͘ ŽƵŐDŽĐŬĞƚƚd'ϯͲϮ͟ďůĂĐŬƉůĂƐƚŝĐŐƌŽŵŵĞƚƐƉƌŽǀŝĚĞĚǁŚĞƌĞŝŶĚŝĐĂƚĞĚŽŶĚƌĂǁŝŶŐƐ͘
ϯ͘ ,ŽƌŝnjŽŶƚĂůƐƵƌĨĂĐĞƐĂƌĞЪ͟ŵĂƚĞƌŝĂůĚĞĐŬǁŝƚŚďƵŝůƚƵƉĞĚŐĞƐƚŽŵĞĞƚĚĞƚĂŝůĞĚƚŚŝĐŬŶĞƐƐ͘
ϰ͘ >ĂĚĚĞƌĨƌĂŵĞƐƵďƚŽƉƐĂƚĐŽƵŶƚĞƌƚŽƉƐŽŶĐĂďŝŶĞƚƐĂŶĚĨƵůůƐƵďƚŽƉƐĂƚŽƉĞŶŬŶĞĞƐƉĂĐĞƐ͘
džĐůƵĚĞ
ϱ͘ ĂĐŬŝŶŐ͕ďůŽĐŬŝŶŐ͕ŽƌďƌĂĐŝŶŐŝŶǁĂůůƐŽƌĐĞŝůŝŶŐƐ͘
ϲ͘ ^ƚƌƵĐƚƵƌĂůŽƌŵŝƐĐĞůůĂŶĞŽƵƐƐƚĞĞůƐƵƉƉŽƌƚƐŝŶǁĂůůƐŽƌĐĞŝůŝŶŐƐ͘
ϳ͘ ^ĐƌŝďŝŶŐŽĨďĂĐŬƐƉůĂƐŚĞƐƚŽǁĂůů͘
ϴ͘ /ŶƚĞŐƌĂůďĂĐŬƐƉůĂƐŚĞƐ͘ĂĐŬƐƉůĂƐŚǁŝůůďĞƐŚŝƉƉĞĚůŽŽƐĞĨŽƌĂƉƉůŝĐĂƚŝŽŶŝŶĨŝĞůĚ͘
ϵ͘ ŽǀĞĚĞŶĚƐƉůĂƐŚĞƐƵŶůĞƐƐŝŶĐůƵĚĞĚĂďŽǀĞ͘
ϭϬ͘,ĂƌĚƐĞĂŵƐĂƚǁĂůůĐůĂĚĚŝŶŐ͘
ϭϭ͘WůƵŵďŝŶŐƐŝŶŬƐ͕ĨŝdžƚƵƌĞƐ͕ĂŶĚĂĐĐĞƐƐŽƌŝĞƐŽĨĂŶLJƚLJƉĞ͘
ϭϮ͘DĞĐŚĂŶŝĐĂů͕ĞůĞĐƚƌŝĐĂů͕ĂŶĚƉůƵŵďŝŶŐĐŽŶŶĞĐƚŝŽŶƐŽĨĂŶLJƚLJƉĞ͘
DĂƌŝĐŽƉĂŽƵŶƚLJ ĂƐƚŽƵƌƚd/
WŚŽĞŶŝdž͕
WĂŐĞϯŽĨϲ
ZĞǀ͘ϮϬϮϱ͘ϭ/^ ͕/ŶĐ͘
/WZKWK^>
ϭ͘ dKd>WZ/ ͗ŝŶĐůƵĚŝŶŐŝŶƐƚĂůůĂƚŝŽŶ͕ĨƌĞŝŐŚƚ͕ĂŶĚƚĂdž͖ĞdžĐůƵĚŝŶŐďŽŶĚ͗
Ψϭϰϰ͕ϴϱϯ
Ă͘ ĚĚůƚηϭ͗
ΨϮ͕ϲϯϮ
ŝ͘ /ŶƚĞŐƌĂůĐŽǀĞĚďĂĐŬƐƉůĂƐŚĞƐĂƚ^^Ͳϭ
ď͘ ĞĚƵĐƚůƚηϭ͗
Ψфϯ͕ϲϭϬх
ŝ͘ ϯϮŵŵůŝŶĞďŽƌĞĚŚŽůĞƐǁŝƚŚƉŽůLJĐĂƌďŽŶĂƚĞƐŚĞůĨĐůŝƉƐ/>KŽĨ<s^ƚĂŶĚĂƌĚƐ
Đ͘ ŶLJůƚĞƌŶĂƚĞ͕ƌĞĂŬŽƵƚŽƌs WƌŝĐŝŶŐƚŚĂƚŝƐŶŽƚĂĐĐĞƉƚĞĚĂƚƚŝŵĞŽĨĐŽŶƚƌĂĐƚŵƵƐƚďĞĞdžĞƌĐŝƐĞĚŝŶϵϬĚĂLJƐŝŶŽƌĚĞƌ
ƚŽďĞƉƌŝĐĞƉƌŽƚĞĐƚĞĚ͘
Ϯ͘ ĨŽƌWĂLJŵĞŶƚĂŶĚWĞƌĨŽƌŵĂŶĐĞŽŶĚ͗
ϭй
ϯ͘ tĞĂĐŬŶŽǁůĞĚŐĞĚĚĞŶĚƵŵ;ƐͿ͗
Eͬ
ϰ͘ ^ĐŚĞĚƵůĞŽĨǀĂůƵĞƐ͗
Ă͘ ϭϬйŽĨĐŽŶƚƌĂĐƚǀĂůƵĞĨŽƌĞŶŐŝŶĞĞƌŝŶŐ͕ďŝůůĂďůĞƵƉŽŶƐƵďŵŝƐƐŝŽŶĨŽƌĂƉƉƌŽǀĂů͘
ď͘ ϭϬйŽĨĐŽŶƚƌĂĐƚǀĂůƵĞĨŽƌƉƌŽũĞĐƚŵĂŶĂŐĞŵĞŶƚ͕ďŝůůĞĚĞƋƵĂůůLJďLJŵŽŶƚŚƵŶƚŝůĐŽŵƉůĞƚŝŽŶ͘
Đ͘ KƚŚĞƌƐƉĞĐŝĨŝĐůŝŶĞŝƚĞŵƐĨŽƌĐŽŽƌĚŝŶĂƚŝŽŶ͕/D͕ůĂLJŽƵƚ͕ĨŝĞůĚĚŝŵĞŶƐŝŽŶƐ͕ƐĞŝƐŵŝĐĂŶĐŚŽƌĂŐĞ͕ŵŽďŝůŝnjĂƚŝŽŶ͕ďŽŶĚƐ͕
ŵŽĐŬƵƉƐ͕ĂŶĚƉƌŽũĞĐƚƐŝƚĞŽĨĨŝĐĞĐŽƐƚƐǁŝůůďĞŝƚĞŵŝnjĞĚĂŶĚďŝůůĞĚĂƐŝŶĐƵƌƌĞĚ͘
Ě͘ dŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌǁŝůůďĞƌĞƐƉŽŶƐŝďůĞĨŽƌƉĂLJŵĞŶƚŽĨƚŚĞƐĞĨƵŶĚƐƌĞŐĂƌĚůĞƐƐŽĨKǁŶĞƌ͛ƐƌĞŝŵďƵƌƐĞŵĞŶƚŽĨ
ƉĂLJŵĞŶƚ͘
Ğ͘ /^ ͕/ŶĐ͘ƐŚĂůůďĞƉĂŝĚŵŽŶƚŚůLJƉƌŽŐƌĞƐƐƉĂLJŵĞŶƚƐĨŽƌƚŚĞǀĂůƵĞŽĨƚŚĞǁŽƌŬƉĞƌĨŽƌŵĞĚ͕ŝŶĐůƵĚŝŶŐĂůůŵĂƚĞƌŝĂů
ŵĂŶƵĨĂĐƚƵƌĞĚŽƌƉƵƌĐŚĂƐĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚĐŽŶƐƚƌƵĐƚŝŽŶƐĐŚĞĚƵůĞĂŶĚĚĞůŝǀĞƌĞĚƚŽƚŚĞũŽďƐŝƚĞŽƌƐƵŝƚĂďůLJ
ƐƚŽƌĞĚĂƚĂŶŽĨĨͲƐŝƚĞůŽĐĂƚŝŽŶ͘
ϱ͘ ŽǁŶWĂLJŵĞŶƚƐ͗dŚĞƐƉĞĐŝĨŝĞĚŵĂŶƵĨĂĐƚƵƌĞƌƐƌĞƋƵŝƌĞƐƉĞĐŝĨŝĐƚĞƌŵƐ͕ŝŶĐůƵĚŝŶŐĚŽǁŶƉĂLJŵĞŶƚƐ͕ƉƌŽŐƌĞƐƐƉĂLJŵĞŶƚƐ͕
ĂŶĚĨŝŶĂůƉĂLJŵĞŶƚƐ͘/^ ͕/ŶĐ͘ǁŝůůƌĞƋƵŝƌĞƚŚĞƐĞƚĞƌŵƐƚŽďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽƚŚĞƐƵďĐŽŶƚƌĂĐƚĂŐƌĞĞŵĞŶƚĂŶĚ^ĐŚĞĚƵůĞ
ŽĨsĂůƵĞƐ͘ĚŽǁŶƉĂLJŵĞŶƚŽĨdŝƐƌĞƋƵŝƌĞĚďLJ/^ ͕/ŶĐ͘ƉƌŝŽƌƚŽƌĞůĞĂƐŝŶŐĂŶLJŵĂƚĞƌŝĂůƐŝŶƚŽĨĂďƌŝĐĂƚŝŽŶ͘
ϲ͘ >ĞĂĚdŝŵĞƐ͗
Ă͘ ^ƵďŵŝƚƚĂůƐ͕ƐĂŵƉůĞƐ͕ĂŶĚĨŝƌƐƚƐĞƚŽĨƐŚŽƉĚƌĂǁŝŶŐƐĂƌĞ;ϭϬͿǁĞĞŬƐĂĨƚĞƌƌĞĐĞŝƉƚŽĨŵƵƚƵĂůůLJĂĐĐĞƉƚĂďůĞ
ƐƵďĐŽŶƚƌĂĐƚ͕ĚĞƉŽƐŝƚ͕ĂŶĚĂƌĐŚŝƚĞĐƚƵƌĂůĚƌĂǁŝŶŐƐŝŶĨŽƌŵĂƚ;t'ŽƌZsdͿ͘^ƵďŵŝƚƚĂůƐĂƌĞĞƐƚŝŵĂƚĞĚƚŽďĞ
ĚĞůŝǀĞƌĞĚŝŶ;ϮƉŚĂƐĞƐ͘WŚĂƐŝŶŐĂŶĚĚĞůŝǀĞƌĂďůĞƐǁŝůůďĞĐŽŽƌĚŝŶĂƚĞĚǁŝƚŚƚŚĞƉƌŽũĞĐƚƚĞĂŵƵƉŽŶĂǁĂƌĚ͘
ŝ͘ /ĨĞŶŐŝŶĞĞƌĞĚƐŚŽƉĚƌĂǁŝŶŐƐĂƌĞƌĞƋƵŝƌĞĚ͕ƚŚĞLJǁŝůůďĞƉƌŽǀŝĚĞĚŝŶƐƚĂŶĚĂƌĚϭϭdžϭϳW&ĨŽƌŵĂƚŽŶůLJĂŶĚƐŚĂůů
ŝŶĐůƵĚĞƚLJƉŝĐĂůĚĞƚĂŝůƐ͕ĞůĞǀĂƚŝŽŶƐ͕ΘŵŽĚĞůŶƵŵďĞƌƐĨŽƌŝŶƐƚĂůůĂƚŝŽŶƉƵƌƉŽƐĞƐ͘dLJƉŝĐĂůŝŶŝƚŝĂůƐƵďŵŝƚƚĂůƐŚŽƉ
ĚƌĂǁŝŶŐůĞĂĚƚŝŵĞƐƚĂƌƚƐǁŚĞŶ/^ ƌĞĐĞŝǀĞƐƚŚĞŽƌZsdĨŝůĞƐ͘;t'ŽƌZsdͿĨŝůĞƐƐŚŽƵůĚŝŶĐůƵĚĞĂŶLJ
ĨůŽŽƌƉůĂŶƐ͕ĐĞŝůŝŶŐƉůĂŶƐ͕ŝŶƚĞƌŝŽƌĞůĞǀĂƚŝŽŶƐ͕ΘĚĞƚĂŝůƐƉĞƌƚĂŝŶŝŶŐƚŽƚŚĞĐŽǀĞƌĞĚĂƌĞĂƐŝŶƚŚŝƐĐŽŶƚƌĂĐƚ͘/Ĩ
ƌĞƋƵŝƌĞĚ;t'ŽƌZsdͿĨŝůĞƐĂƌĞEKdĂǀĂŝůĂďůĞĂŶĚ/^ ŵƵƐƚĐŽŵƉůĞƚĞƚŚĞƐŚŽƉĚƌĂǁŝŶŐŝŶŝƚŝĂůƐƵďŵŝƚƚĂů
ĨƌŽŵƐĐƌĂƚĐŚ͕ĂĐŚĂŶŐĞŽƌĚĞƌǁŝůůďĞƌĞƋƵŝƌĞĚĨŽƌƚŚĞĞdžƚƌĂĞŶŐŝŶĞĞƌŝŶŐĂŶĚůĞĂĚƚŝŵĞĨŽƌƐŚŽƉĚƌĂǁŝŶŐƐǁŝůů
ĞdžƚĞŶĚŽƵƚ͘EŽƚĞ͗ŝĨLJŽƵŬŶŽǁĨŝůĞƐŵĂLJŶŽƚďĞĂǀĂŝůĂďůĞƉƌŝŽƌƚŽƚŚĞƐƚĂƌƚŽĨƚŚŝƐƉƌŽũĞĐƚ͕ƉůĞĂƐĞůĞƚ/^
ŬŶŽǁƐŽǁĞĐĂŶĂĐĐŽƵŶƚĨŽƌƚŚĞĂĚĚŝƚŝŽŶĂůĐŽƐƚĂŶĚƚŝŵĞŝŶƚŚŝƐĞƐƚŝŵĂƚĞͬĐŽŶƚƌĂĐƚ͘
ď͘ DĂŶƵĨĂĐƚƵƌŝŶŐůĞĂĚƚŝŵĞƐĂƌĞ;ϭϬͿǁĞĞŬƐĂĨƚĞƌƌĞƚƵƌŶĂŶĚĂƉƉƌŽǀĂůŽĨĂůůƐƵďŵŝƚƚĂůƐ͕ŝŶĐŽƌƉŽƌĂƚŝŶŐĂŶLJ
ĐŽŽƌĚŝŶĂƚŝŽŶĂŶĚĨŝĞůĚĚŝŵĞŶƐŝŽŶƐƌĞƋƵŝƌĞĚĨŽƌĂĐůĞĂŶƌĞůĞĂƐĞĨŽƌƉƌŽĚƵĐƚŝŽŶ͘
DĂƌŝĐŽƉĂŽƵŶƚLJ ĂƐƚŽƵƌƚd/
WŚŽĞŶŝdž͕
WĂŐĞϰŽĨϲ
ZĞǀ͘ϮϬϮϱ͘ϭ/^ ͕/ŶĐ͘
Đ͘ WƌŽũĞĐƚƐĐŚĞĚƵůĞƚŽďĞŵƵƚƵĂůůLJĂŐƌĞĞĚƚŽƵƉŽŶĞdžĞĐƵƚŝŽŶŽĨƚŚŝƐĐŽŶƚƌĂĐƚ͘ŽŵƉůĞƚĞƐĐŚĞĚƵůĞǁŝůůďĞƉƌŽǀŝĚĞĚďLJ
ƵƐƚŽŵĞƌǁŝƚŚŝŶƚĞŶ;ϭϬͿďƵƐŝŶĞƐƐĚĂLJƐĨƌŽŵƌĞĐĞŝƉƚŽĨƐŝŐŶĞĚĂŐƌĞĞŵĞŶƚďLJ/^ ĂƵƚŚŽƌŝnjĞĚƌĞƉƌĞƐĞŶƚĂƚŝǀĞ͘
DĂƌŝĐŽƉĂŽƵŶƚLJ ĂƐƚŽƵƌƚd/
WŚŽĞŶŝdž͕
WĂŐĞϱŽĨϲ
ZĞǀ͘ϮϬϮϱ͘ϭ/^ ͕/ŶĐ͘
d ZD^EKE/d/KE^
ϭ͘ /^ ŵĂLJĞdžƉĞƌŝĞŶĐĞƉƌŝĐŝŶŐŝŶĐƌĞĂƐĞƐŽƌĚĞůĂLJƐŝŶůĞĂĚƚŝŵĞƐĚƵĞƚŽƚĂƌŝĨĨƐ͕ƐƵƉƉůLJĐŚĂŝŶĚŝƐƌƵƉƚŝŽŶƐ͕ƐƵƌĐŚĂƌŐĞƐĂŶĚĞƐĐĂůĂƚŝŽŶƐ
ĚƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚŝƐƐƵďĐŽŶƚƌĂĐƚ͘dŚĞĐŽŶƚƌĂĐƚƉƌŝĐĞĨŽƌƚŚŝƐƐĐŽƉĞŚĂƐďĞĞŶĐĂůĐƵůĂƚĞĚďĂƐĞĚŽŶĐƵƌƌĞŶƚŵĂƌŬĞƚĐŽŶĚŝƚŝŽŶƐ
ĂŶĚĂƉƉůŝĐĂďůĞƚĂƌŝĨĨƐ͘hŶĨŽƌĞƐĞĞŶĞĐŽŶŽŵŝĐĨĂĐƚŽƌƐ͕ŝŶĐůƵĚŝŶŐĞƐĐĂůĂƚŝŽŶ͕ƐƵƉƉůLJĐŚĂŝŶĚŝƐƌƵƉƚŝŽŶ͕ŐŽǀĞƌŶŵĞŶƚƌĞŐƵůĂƚŝŽŶƐ͕ƚĂdžĞƐ͕
ƚĂƌŝĨĨƐ͕ƐƵƌĐŚĂƌŐĞƐ͕ĞƚĐ͘ǁŝůůďĞƐƵƉƉŽƌƚĞĚďLJŝŶǀŽŝĐĞďĂĐŬƵƉĂŶĚƐƵƉƉůŝĞƌŶŽƚŝĐĞƐ͘/^ ǁŝůůŝĚĞŶƚŝĨLJƚŚĞƐƚĂƌƚŝŶŐĞƐƚŝŵĂƚĞǀĂůƵĞĨŽƌ
KǁŶĞƌͬ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌĂƚƚŝŵĞŽĨ^ĐŚĞĚƵůĞŽĨsĂůƵĞƐ͘ŶůůŽǁĂŶĐĞŽĨΨϬŚĂƐďĞĞŶŵƵƚƵĂůůLJĞƐƚĂďůŝƐŚĞĚďLJŽǁŶĞƌĂŶĚ/^ ǁŚŝĐŚ
ǁŝůůďĞƵƐĞĚŝŶƚŚĞĞǀĞŶƚŽĨĂŶƵŶĨŽƌĞƐĞĞŶƉƌŝĐĞŝŶĐƌĞĂƐĞ͕ŝŶĐůƵĚŝŶŐƚŚŽƐĞŽƵƚůŝŶĞĚŚĞƌĞŝŶ͘ŶLJƵŶƵƐĞĚƉŽƌƚŝŽŶŽĨƚŚŝƐĂůůŽǁĂŶĐĞǁŝůů
ďĞƌĞƚƵƌŶĞĚƚŽKǁŶĞƌĂƚƉƌŽũĞĐƚĐŽŵƉůĞƚŝŽŶ͘
Ϯ͘ WƌŝĐĞƐƐŚĂůůďĞĐŽŶƐŝĚĞƌĞĚĨŝƌŵĨŽƌĂƉĞƌŝŽĚŽĨ;ϯϬͿĚĂLJƐǁŝƚŚůĂƚĞƌĂĐĐĞƉƚĂŶĐĞƐƵďũĞĐƚƚŽ/^ ͕/ŶĐ͛͘ƐĂƉƉƌŽǀĂů͕ŽƌĂƐƌĞƋƵŝƌĞĚďLJ
ƐƉĞĐŝĨŝĐĂƚŝŽŶƐ͘
ϯ͘ ƵĞƚŽƚŚĞǀŽůĂƚŝůĞŶĂƚƵƌĞŽĨƌĂǁŵĂƚĞƌŝĂůĐŽƐƚƐ;ŝ͘Ğ͘ƐƚĂŝŶůĞƐƐƐƚĞĞů͕ƐƚĞĞů͕ĐŽƉƉĞƌ͕ĂůƵŵŝŶƵŵ͕ƉĞƚƌŽůĞƵŵͲďĂƐĞĚƉƌŽĚƵĐƚƐͿ͕ƚĂƌŝĨĨƐ͕ĂŶĚ
ĨƵĞůĐŽƐƚƐ͕ƉƌŝĐŝŶŐƐŚĂůůŽŶůLJďĞŚĞůĚƚŚƌŽƵŐŚƚŚĞĂĐĐĞƉƚĂŶĐĞƉĞƌŝŽĚƐƚĂƚĞĚŝŶŽƵƌƉƌŽƉŽƐĂů͘/^ ͕/ŶĐ͘ƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚĨŽƌĂĚĚŝƚŝŽŶĂů
ĐŽŵƉĞŶƐĂƚŝŽŶďĂƐĞĚŽŶĂŶLJƐƵƌĐŚĂƌŐĞƐŽƌŝŶĐƌĞĂƐĞƐƌĞĐĞŝǀĞĚĂĨƚĞƌƚŚĞĂĐĐĞƉƚĂŶĐĞƉĞƌŝŽĚ͘
ϰ͘ WƌŽĨĞƐƐŝŽŶĂů>ŝĂďŝůŝƚLJ/ŶƐƵƌĂŶĐĞ; ƌƌŽƌƐĂŶĚKŵŝƐƐŝŽŶƐ/ŶƐƵƌĂŶĐĞͿŝƐŶŽƚŝŶĐůƵĚĞĚ͘
ϱ͘ tĂƚĞƌĚĂŵĂŐĞĚƵĞƚŽǁĂƚĞƌƉŝƉŝŶŐŝŶĐŽƌƌĞĐƚůLJůŽĐĂƚĞĚŝŶĨƌĂŵĞĚǁĂůůƐ͘'ĞŶĞƌĂůĐŽŶƚƌĂĐƚŽƌŝƐƌĞƐƉŽŶƐŝďůĞĨŽƌĐŽŽƌĚŝŶĂƚŝŶŐĂůůƚƌĂĚĞƐ
ƚŽƉƌŽƉĞƌůLJůŽĐĂƚĞƉŝƉŝŶŐŝŶǁĂůůƐ͘
ϲ͘ /^ ͕/ŶĐ͘ƐŚĂůůďĞŐŝǀĞŶƚŝŵĞůLJŶŽƚŝĐĞ;ŶŽůĞƐƐƚŚĂŶϰϴŚŽƵƌƐͿĂŶĚƌĞĂƐŽŶĂďůĞƚŝŵĞƚŽ ƌĞƐƉŽŶĚƚŽĚĞĨŝĐŝĞŶĐŝĞƐƉƌŝŽƌƚŽ'ĞŶĞƌĂů
ŽŶƚƌĂĐƚŽƌŝƐƐƵŝŶŐĂŶLJďĂĐŬĐŚĂƌŐĞƐ͘
ϳ͘ /^ ͕/ŶĐ͘ǁŝůůŶŽƚĂĐĐĞƉƚĐŚĂƌŐĞƐĨŽƌƵŶĚĞĨŝŶĂďůĞĚĂŵĂŐĞƐĚƵƌŝŶŐƉƵŶĐŚůŝƐƚǁŽƌŬǁŝƚŚŽƵƚƉƌŽƉĞƌŶŽƚŝĨŝĐĂƚŝŽŶƚŽĂŶĚĂĐĐĞƉƚĂŶĐĞďLJ
/^ ͕/ŶĐ͘
ϴ͘ ZĞƚĞŶƚŝŽŶŽŶ/^ ͕/ŶĐ͛͘ƐƐƵďĐŽŶƚƌĂĐƚƐǁŝůůŶŽƚĞdžĐĞĞĚϱй͘ZĞƚĞŶƚŝŽŶƐŚĂůůďĞƌĞĚƵĐĞĚƚŽϬйǁŝƚŚŚĞůĚĂƚϱϬйĐŽŵƉůĞƚĞĨŽƌƌĞŵĂŝŶŝŶŐ
ďŝůůŝŶŐƐ͘EŽƌĞƚĞŶƚŝŽŶǁŝůůďĞǁŝƚŚŚĞůĚŽŶƐƵďĐŽŶƚƌĂĐƚǀĂůƵĞƐůĞƐƐƚŚĂŶĨŝĨƚLJƚŚŽƵƐĂŶĚĚŽůůĂƌƐ;ΨϱϬ͕ϬϬϬ͘ϬϬͿ͘
ϵ͘ WƵƌĐŚĂƐĞŽƌĚĞƌƐƚŽ/^ ͕/ŶĐ͘ǁŝůůďĞƉĂŝĚŶĞƚϯϬĚĂLJƐ͕ŶŽƌĞƚĞŶƚŝŽŶ͘
ϭϬ͘ EŽƌŝŐŚƚŽĨƐĞƚŽĨĨǁŝůůďĞĂůůŽǁĞĚŝŶƚŚĞƐƵďĐŽŶƚƌĂĐƚ͘
ϭϭ͘ /^ ͕/ŶĐ͘ǁŝůůŶŽƚďĞůŝĂďůĞƚŽ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌŽƌKǁŶĞƌĨŽƌĂŶLJŝŶĐŝĚĞŶƚĂů͕ĐŽŶƐĞƋƵĞŶƚŝĂůŽƌŽƚŚĞƌƵŶĚĞĨŝŶĞĚĚĂŵĂŐĞƐ͘
ϭϮ͘ /ĨƚŚĞŽŶƚƌĂĐƚŽĐƵŵĞŶƚƐƉƌŽǀŝĚĞĂŶĂŵŽƵŶƚĨŽƌůŝƋƵŝĚĂƚĞĚĚĂŵĂŐĞƐ͕ůŝƋƵŝĚĂƚĞĚĚĂŵĂŐĞƐƐŚĂůůďĞĂƐƐĞƐƐĞĚŽŶůLJƚŽƚŚĞĞdžƚĞŶƚĐĂƵƐĞĚ
ďLJŶĞŐůŝŐĞŶĐĞŽƌǁŝůůĨƵůŵŝƐĐŽŶĚƵĐƚŽĨƚŚĞ^ƵďĐŽŶƚƌĂĐƚŽƌ͘/ĨĚĞůĂLJƐĂƌĞĐĂƵƐĞĚďLJĐŝƌĐƵŵƐƚĂŶĐĞƐŽƵƚŽĨ/^ ͕/ŶĐ͛͘ƐĐŽŶƚƌŽů͕ůŝƋƵŝĚĂƚĞĚ
ĚĂŵĂŐĞƐƐŚĂůůŶŽƚďĞĂƐƐĞƐƐĞĚ͘
ϭϯ͘ /ĨƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌĨĂŝůƐƚŽƌĞĐĞŝǀĞĂĐĞƌƚŝĨŝĐĂƚĞĨŽƌƉĂLJŵĞŶƚĨƌŽŵƚŚĞĂƌĐŚŝƚĞĐƚŽƌĚŽĞƐŶŽƚƌĞĐĞŝǀĞƉĂLJŵĞŶƚĨŽƌĂŶLJĐĂƵƐĞǁŚŝĐŚ
ŝƐŶŽƚƚŚĞĨĂƵůƚŽĨ/^ ͕/ŶĐ͕͘ƚŚĞŶƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƐŚĂůůƉĂLJ/^ ͕/ŶĐ͘ŽŶĚĞŵĂŶĚĂŶLJƉƌŽŐƌĞƐƐƉĂLJŵĞŶƚĂŶĚͬŽƌĨŝŶĂůƉĂLJŵĞŶƚ
ƚŚĂƚŝƐĚƵĞ͘/^ ͕/ŶĐ͘ƐŚĂƌĞƐŶŽƌŝƐŬŽĨKǁŶĞƌŶŽƚƉĂLJŝŶŐ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌ͘/ƚŝƐĂŐƌĞĞĚƚŚĂƚƉĂLJŵĞŶƚƐĨƌŽŵƚŚĞKǁŶĞƌŝŶŶŽǁĂLJ
ĐŽŶƐƚŝƚƵƚĞƚŚĞĞdžĐůƵƐŝǀĞĨƵŶĚĨƌŽŵǁŚŝĐŚ/^ ͕/ŶĐ͕͘ŵĂLJƌĞĐĞŝǀĞƉĂLJŵĞŶƚĨŽƌƚŚĞǁŽƌŬƉĞƌĨŽƌŵĞĚŽŶƚŚŝƐƉƌŽũĞĐƚ͘
ϭϰ͘ /Ĩ/^ ͕/ŶĐ͘ĚŽĞƐŶŽƚƌĞĐĞŝǀĞĂƉƌŽŐƌĞƐƐƉĂLJŵĞŶƚĨƌŽŵƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌǁŝƚŚŝŶϭϬĚĂLJƐĂĨƚĞƌƚŚĞĚĂƚĞƐƵĐŚƉĂLJŵĞŶƚŝƐĚƵĞ͕
ƚŚĞŶ/^ ͕/ŶĐ͕͘ƵƉŽŶŐŝǀŝŶŐĂŶĂĚĚŝƚŝŽŶĂůϮĚĂLJƐ͛ŶŽƚŝĐĞƚŽƚŚĞŽŶƚƌĂĐƚŽƌĂŶĚǁŝƚŚŽƵƚƉƌĞũƵĚŝĐĞƚŽĂŶĚŝŶĂĚĚŝƚŝŽŶƚŽĂŶLJŽƚŚĞƌůĞŐĂů
ƌĞŵĞĚŝĞƐ͕ŵĂLJƐƚŽƉǁŽƌŬƵŶƚŝůƉĂLJŵĞŶƚŽĨƚŚĞĨƵůůĂŵŽƵŶƚŽǁŝŶŐƚŽ/^ ͕/ŶĐ͕͘ŚĂƐďĞĞŶƌĞĐĞŝǀĞĚ͘dŚĞĐŽŶƚƌĂĐƚƉƌŝĐĞƐŚĂůůďĞŝŶĐƌĞĂƐĞĚ
ďLJƚŚĞĂŵŽƵŶƚŽĨ/^ ͕/ŶĐ͛͘ƐƌĞĂƐŽŶĂďůĞĐŽƐƚŽĨƐŚƵƚͲĚŽǁŶ͕ĚĞůĂLJ͕ĂŶĚƐƚĂƌƚͲƵƉďLJĂƉƉƌŽƉƌŝĂƚĞĐŚĂŶŐĞŽƌĚĞƌ͘
ϭϱ͘ /ĨƚŚĞƌĐŚŝƚĞĐƚ͕KǁŶĞƌ͕Žƌ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƌĞƋƵŝƌĞƐ/^ ͕/ŶĐ͘ƚŽƉĞƌĨŽƌŵĂŶLJĂĚĚŝƚŝŽŶĂůǁŽƌŬƉƵƌƐƵĂŶƚƚŽƚŚŝƐĐŽŶƚƌĂĐƚ͕ƚŚĞŶ/^ ͕
/ŶĐ͘ǁŝůůƉƌŽǀŝĚĞĂĐŚĂŶŐĞŽƌĚĞƌƉƌŽƉŽƐĂůĨŽƌƚŚĞǁŽƌŬ͘/^ ͕/ŶĐ͘ǁŝůůŶŽƚƉƌŽĐĞĞĚǁŝƚŚŽƵƚǁƌŝƚƚĞŶĚŝƌĞĐƚŝǀĞ͕ĂƉƉƌŽǀĂůŽĨĐŚĂŶŐĞŽƌĚĞƌ
ƉƌŽƉŽƐĂů͕ĂŶĚƌĞĐĞŝƉƚŽĨƐƵďĐŽŶƚƌĂĐƚĐŚĂŶŐĞŽƌĚĞƌ͘
ϭϲ͘ /ĨƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƌĞƋƵŝƌĞƐ/^ ͕/ŶĐ͘ƚŽƉĞƌĨŽƌŵĂŶLJĂĚĚŝƚŝŽŶĂůǁŽƌŬƉƵƌƐƵĂŶƚƚŽƚŚŝƐĐŽŶƚƌĂĐƚƚŚĂƚǁŝůůďĞƐƵďŵŝƚƚĞĚƚŽĂŶLJ
ƚLJƉĞŽĨ/ŶƐƵƌĂŶĐĞĐůĂŝŵ͕ŝ͘Ğ͘ƵŝůĚĞƌ͛ƐZŝƐŬŽƌŽƚŚĞƌ͕ƚŚĞŶ/^ ͕/ŶĐ͘ǁŝůůƉƌŽǀŝĚĞĂĐŚĂŶŐĞŽƌĚĞƌƉƌŽƉŽƐĂůĨŽƌƚŚĞǁŽƌŬĂŶĚǁŝůůŶŽƚ
ƉƌŽĐĞĞĚǁŝƚŚŽƵƚǁƌŝƚƚĞŶĚŝƌĞĐƚŝǀĞ͕ĂƉƉƌŽǀĂůŽĨĐŚĂŶŐĞŽƌĚĞƌƉƌŽƉŽƐĂů͕ƌĞĐĞŝƉƚŽĨƐƵďĐŽŶƚƌĂĐƚĐŚĂŶŐĞŽƌĚĞƌƉƌŝŽƌƚŽƐƚĂƌƚŝŶŐĂĚĚŝƚŝŽŶĂů
ǁŽƌŬ͘WĂLJŵĞŶƚǁŝůůŶŽƚďĞĐŽŶƚŝŶŐĞŶƚŽŶ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌ͛ƐƌŝƐŬƚŽƌĞĐŽǀĞƌƌĞŝŵďƵƌƐĞŵĞŶƚĨƌŽŵƚŚĞŝŶƐƵƌĂŶĐĞĐŽŵƉĂŶLJ͘
ϭϳ͘ EŽƚǁŝƚŚƐƚĂŶĚŝŶŐĂŶLJŽƚŚĞƌƉƌŽǀŝƐŝŽŶŽĨƐƵďĐŽŶƚƌĂĐƚĂŐƌĞĞŵĞŶƚƚŽƚŚĞĐŽŶƚƌĂƌLJ͕/^ ͕/ŶĐ͘ĚŽĞƐŶŽƚǁĂŝǀĞĂŶLJůŝĞŶƌŝŐŚƚƐŽƌƐƵƌĞƚLJ
ďŽŶĚƌŝŐŚƚƐƉƌŽǀŝĚĞĚďLJůĂǁŽƌĐŽŶƚƌĂĐƚ͘
ϭϴ͘ /^ ͕/ŶĐ͘ǁŝůůƉƌŽǀŝĚĞĂƐĐŚĞĚƵůĞŝĚĞŶƚŝĨLJŝŶŐƚŚĞƐĞƋƵĞŶĐĞĂŶĚĚƵƌĂƚŝŽŶŽĨƚŚĞǁŽƌŬ͕ĨŽƌĂƉƉƌŽǀĂůďLJƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌ͘/^ ͕
/ŶĐ͘ƐŚĂůůďĞĞŶƚŝƚůĞĚƚŽĞƋƵŝƚĂďůĞĂĚũƵƐƚŵĞŶƚƐŽĨƚŚĞĐŽŶƚƌĂĐƚƚŝŵĞĂŶĚƚŚĞĐŽŶƚƌĂĐƚƉƌŝĐĞĚƵĞƚŽĚĞůĂLJƐ͕ĂĐĐĞůĞƌĂƚŝŽŶƐ͕ĐŽŵƉƌĞƐƐŝŽŶƐ͕
ŽƵƚͲŽĨͲƐĞƋƵĞŶĐĞǁŽƌŬ͕ĂŶĚĚŝƐƌƵƉƚŝŽŶƐƌĞƐƵůƚŝŶŐĨƌŽŵƐĐŚĞĚƵůĞĐŚĂŶŐĞƐ͘
ϭϵ͘ /^ ͕/ŶĐ͘ǁŝůůƉĞƌĨŽƌŵĂůůǁŽƌŬĚƵƌŝŶŐƚŚĞŶŽƌŵĂůǁŽƌŬŝŶŐŚŽƵƌƐĂƚƚŚĞƉƌŽũĞĐƚƐŝƚĞ͘ůůŽǀĞƌƚŝŵĞƌĞƋƵŝƌĞĚǁŝůůďĞĂƵƚŚŽƌŝnjĞĚĂƚĂŶ
ĂŐƌĞĞĚͲƵƉŽŶƌĂƚĞĂŶĚƌĞŝŵďƵƌƐĞĚďLJƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌŽŶĂŵŽŶƚŚůLJďĂƐŝƐ͘
ϮϬ͘ /^ ͕/ŶĐ͘ǁŝůůĐůĞĂŶƵƉĂŶĚƌĞŵŽǀĞĚĞďƌŝƐ͕Ěŝƌƚ͕ĂŶĚƌƵďďŝƐŚĂĐĐƵŵƵůĂƚĞĚĂƐĂƌĞƐƵůƚŽĨŝŶƐƚĂůůĂƚŝŽŶ͘ůĞĂŶͲƵƉŝƐŝŶƚĞƌƉƌĞƚĞĚĂƐďƌŽŽŵ
ĐůĞĂŶĂŶĚŽƌĚĞƌůLJ͕ǁŚŝĐŚĚŽĞƐŶŽƚŝŶĐůƵĚĞǁŝƉŝŶŐĚŽǁŶĂŶLJƐƵƌĨĂĐĞƐ͕ŶŽƌĂŶLJĨŝŶĂůĐůĞĂŶŝŶŐ͘/^ ͕/ŶĐ͘ǁŝůůŶŽƚďĞƌĞƋƵŝƌĞĚƚŽ
ĐŽŶƚƌŝďƵƚĞƚŽĂǁĞĞŬůLJĐŽŵƉŽƐŝƚĞĐůĞĂŶͲƵƉĐƌĞǁ͘
DĂƌŝĐŽƉĂŽƵŶƚLJ ĂƐƚŽƵƌƚd/
WŚŽĞŶŝdž͕
WĂŐĞϲŽĨϲ
ZĞǀ͘ϮϬϮϱ͘ϭ/^ ͕/ŶĐ͘
Ϯϭ͘ ,ŽŝƐƚŝŶŐĂŶĚͬŽƌĞůĞǀĂƚŽƌǁŝƚŚĂŶŽƉĞƌĂƚŽƌƚŽďĞƉƌŽǀŝĚĞĚďLJ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌĂƚŶŽĐŚĂƌŐĞƚŽ/^ ͕/ŶĐ͕͘ĚƵƌŝŶŐŶŽƌŵĂůǁŽƌŬŝŶŐ
ŚŽƵƌƐ͘hŶĚĞƌŶŽĐŝƌĐƵŵƐƚĂŶĐĞƐǁŝůů/^ ͕/ŶĐ͘ŵŽǀĞŵĂƚĞƌŝĂůƵƉŽƌĚŽǁŶƐƚĂŝƌǁĂLJƐ͘
ϮϮ͘ 'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƚŽƉƌŽǀŝĚĞƐŝƚĞ>ŽŐŝƐƚŝĐƐƉůĂŶŝĚĞŶƚŝĨLJŝŶŐƵŶůŽĂĚƉĂƚŚ͕ůŽĂĚŝŶŐĚŽĐŬ͕ĐƌĂŶĞƐ͕ĞůĞǀĂƚŽƌƐ͕ŵĂƚĞƌŝĂůŚŽŝƐƚƉƌŝŽƌƚŽ
ƐƵďĐŽŶƚƌĂĐƚŽƌďŝĚ͘/ĨƐƵĐŚĂƉůĂŶŝƐŶŽƚĂǀĂŝůĂďůĞŽƌĐŚĂŶŐĞƐ͕ /^ ͕/ŶĐ͘ƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽƌĞƉƌŝĐĞĂŶLJŝŵƉĂĐƚƚŽƚŚĞŵĂƚĞƌŝĂů
ŵŽǀĞŵĞŶƚƉůĂŶ͘
Ϯϯ͘ 'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƚŽĂĐĐŽŵŵŽĚĂƚĞĨƵůůϱϯ͛ƚƌƵĐŬĚĞůŝǀĞƌŝĞƐ͘
Ϯϰ͘ 'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƚŽĂĐĐŽŵŵŽĚĂƚĞŽĨĨͲŚŽƵƌƐĚĞĚŝĐĂƚĞĚĞůĞǀĂƚŽƌͬŵĂƚĞƌŝĂůůŝĨƚƚŝŵĞĂŶĚƉĞƌƐŽŶŶĞůĂƚŶŽĂĚĚŝƚŝŽŶĂůĐŽƐƚƚŽ/^ ͕/ŶĐ͘
Ϯϱ͘ 'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƚŽĂůůŽǁĨŽƌƐƚĂŐŝŶŐŽĨŵĂƚĞƌŝĂůƐŝŶĂƌĞĂƐŽĨŝŶƐƚĂůůĂƚŝŽŶ͘/ŶƚŚĞĞǀĞŶƚƐƚĂŐĞĚŵĂƚĞƌŝĂůƐĂƌĞƚŽďĞƌĞŚĂŶĚůĞĚĂŶĚ
ƌĞůŽĐĂƚĞĚ͕'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌŝƐƌĞƐƉŽŶƐŝďůĞƚŽƌĞŝŵďƵƌƐĞ/^ ͕/ŶĐ͘
Ϯϲ͘ 'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƐŚĂůůďĞƌĞƐƉŽŶƐŝďůĞĨŽƌŵĂŝŶƚĂŝŶŝŶŐŽƉĞŶŝŶŐƐŝŶƚŽďƵŝůĚŝŶŐƐ͕ĐŽƌƌŝĚŽƌƐ͕ĂŶĚƌŽŽŵƐůĂƌŐĞĞŶŽƵŐŚƚŽĂĐĐŽŵŵŽĚĂƚĞ
ŵŽǀĞŵĞŶƚŽĨŵĂƚĞƌŝĂůƐ͕ƉƌŽǀŝĚŝŶŐ/^ ͕/ŶĐ͕͘ŚĂƐƉƌŽǀŝĚĞĚĐŽŽƌĚŝŶĂƚŝŽŶŽĨǁŽƌŬŝŶĂĚĞƋƵĂƚĞƚŝŵĞƚŽĂůůŽǁŽŶƚƌĂĐƚŽƌƚŽƐĐŚĞĚƵůĞ
ǁŽƌŬƉƌŽƉĞƌůLJ͘
Ϯϳ͘ ,ƵŵŝĚŝƚLJĂŶĚƚĞŵƉĞƌĂƚƵƌĞĐŽŶƚƌŽůƌĞƋƵŝƌĞŵĞŶƚƐĨŽƌŵĂŝŶƚĂŝŶŝŶŐŚĞĂƚŝŶŐ͕ǀĞŶƚŝůĂƚŝŽŶ͕ĂŶĚĐŽŽůŝŶŐƐLJƐƚĞŵƐƚŽŽďƚĂŝŶƌĞůĂƚŝǀĞŚƵŵŝĚŝƚLJ
ŶĞĐĞƐƐĂƌLJƚŽŵĂŝŶƚĂŝŶŽƉƚŝŵƵŵŵŽŝƐƚƵƌĞĐŽŶƚĞŶƚŽĨƚŚĞĂƌĐŚŝƚĞĐƚƵƌĂůǁŽŽĚǁŽƌŬŝŶƚŚĞŝŶƐƚĂůůĂƚŝŽŶĂƌĞĂŝƐƚŚĞƌĞƐƉŽŶƐŝďŝůŝƚLJŽĨƚŚĞ
'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌŽƌKǁŶĞƌ͘ŝƌĐŽŶĚŝƚŝŽŶŝŶŐƐŚĂůůďĞŽƉĞƌĂƚŝǀĞĨŽƌƚǁŽǁĞĞŬƐĂŶĚĂƌĞůĂƚŝǀĞŚƵŵŝĚŝƚLJƌĂŶŐĞŽĨϮϱͲϱϱйƐŚĂůůďĞ
ŵĂŝŶƚĂŝŶĞĚƉƌŝŽƌƚŽŝŶƐƚĂůůĂƚŝŽŶ͘
Ϯϴ͘ ůůŵĂũŽƌŵŽĚŝĨŝĐĂƚŝŽŶƐŽƌĂŵĞŶĚŵĞŶƚƐŝƐƐƵĞĚďLJƚŚĞKǁŶĞƌ͕ǁŚĞƚŚĞƌƚŚĞLJƐƉĞĐŝĨŝĐĂůůLJĂƉƉůLJƚŽŽƵƌ^ĐŽƉĞŽĨtŽƌŬŽƌŶŽƚ͕ǁŝůůďĞ
ƉƌŽǀŝĚĞĚƚŽ/^ ͕/ŶĐ͘dŚĞLJŵĂLJĂĨĨĞĐƚĞdžƚĞŶƐŝŽŶƐŽĨƚŝŵĞ͕ĂŶĚĂƐ/^ ͕/ŶĐ͕͘ǁŝůůďĞŽŶĞŽĨƚŚĞůĂƐƚƚƌĂĚĞƐŽŶƚŚĞƉƌŽũĞĐƚ͕ĂŶLJĚĞůĂLJƐ
ŝŶƚŚĞũŽďĚƵĞƚŽĞdžƚĞŶƐŝŽŶƐŽĨƚŝŵĞǁŝůůĂĨĨĞĐƚŽƵƌĐŽƐƚĨŽƌŵĂƚĞƌŝĂůƐ͕ĞdžƚĞŶĚĞĚŽǀĞƌŚĞĂĚ͕ĂŶĚůĂďŽƌ͘
Ϯϵ͘ /Ŷ ƚŚĞ ĞǀĞŶƚ ĞŝƚŚĞƌ 'ĞŶĞƌĂů ŽŶƚƌĂĐƚŽƌ Žƌ ^ƵďĐŽŶƚƌĂĐƚŽƌ ŝŶƐƚŝƚƵƚĞƐ ůĞŐĂů ƉƌŽĐĞĞĚŝŶŐƐ ǁŚĞƚŚĞƌ ďLJ ĐŽƵƌƚ ĂĐƚŝŽŶ͕ ĂƌďŝƚƌĂƚŝŽŶ Žƌ
ŽƚŚĞƌǁŝƐĞ͕ĂŐĂŝŶƐƚƚŚĞŽƚŚĞƌƉĂƌƚLJŽƌĂŐĂŝŶƐƚƚŚĞƐƵƌĞƚLJŽĨƚŚĞŽƚŚĞƌƉĂƌƚLJ͕ŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚĂŶLJĚŝƐƉƵƚĞŽƌŵĂƚƚĞƌĂƌŝƐŝŶŐƵŶĚĞƌ
ƚŚĞƐƵďĐŽŶƚƌĂĐƚŐŽǀĞƌŶŝŶŐƚŚŝƐƉƌŽũĞĐƚ͕ƚŚĞƉĂƌƚLJƉƌĞǀĂŝůŝŶŐŝŶƚŚĂƚƉƌŽĐĞĞĚŝŶŐƐŚĂůůďĞĞŶƚŝƚůĞĚƚŽƌĞĐŽǀĞƌĨƌŽŵƚŚĞŽƚŚĞƌŝƚƐĂĐƚƵĂů
ĂƚƚŽƌŶĞLJƐͬĂƌďŝƚƌĂƚŝŽŶĨĞĞƐ͘
ϯϬ͘ /ĨƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƵƐĞƐ͕ƌĞůŝĞƐŽŶ͕ůŝƐƚƐŽƌĚŝƌĞĐƚƐ/^ ͕/ŶĐ͘ƚŽƉƌŽĐĞĞĚĂƐĂ^ƵďĐŽŶƚƌĂĐƚŽƌŝƚĂĐŬŶŽǁůĞĚŐĞƐƚŚĂƚƚŚĞLJŚĂǀĞƌĞĂĚ͕
ƵŶĚĞƌƐƚŽŽĚĂŶĚĂŐƌĞĞƚŽĂůůƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŽĨ/^ ͕/ŶĐ͛͘ƐŽĨĨĞƌƚŽƐĞůůĂŶĚǁŝůůŝŶĐŽƌƉŽƌĂƚĞƚŚĞƐĞƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŝŶ/^ ͕
/ŶĐ͛͘ƐƐƵďĐŽŶƚƌĂĐƚ͘
ϯϭ͘ ŚĂŶŐĞƐƚŽWĂLJŵĞŶƚͬĂŶŬŝŶŐ/ŶĨŽƌŵĂƚŝŽŶ͘KŶůLJƵƚŚŽƌŝnjĞĚ/ŶĚŝǀŝĚƵĂůƐĨƌŽŵ/^ ĂƌĞƉĞƌŵŝƚƚĞĚƚŽŵĂŬĞĐŚĂŶŐĞƐƚŽŽƌǀĞƌŝĨLJďĂŶŬ
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ϭϬ͘&ŝŶĂůĐŽŶŶĞĐƚŝŽŶŽĨĞůĞĐƚƌŝĐĂůŚĂƌĚǁĂƌĞ͘ŽŶŶĞĐƚŝŽŶƚŽƉŽǁĞƌƐƵƉƉůLJďLJ ůĞĐƚƌŝĐĂůͬ^ĞĐƵƌŝƚLJĐŽŶƚƌĂĐƚŽƌ͘
ϭϭ͘>ŽǁǀŽůƚĂŐĞǁŝƌŝŶŐŽƵƚƐŝĚĞŽĨĨƌĂŵĞ͘
ϭϮ͘WŽŝŶƚƚŽWŽŝŶƚĚŝĂŐƌĂŵ;/^ ͕/ŶĐ͘ĐĂŶƉƌŽǀŝĚĞǁŝƌŝŶŐĚŝĂŐƌĂŵƐďƵƚWŽŝŶƚƚŽWŽŝŶƚƐŚŽƵůĚďĞƉƌŽǀŝĚĞĚďLJƚŚĞ
ĞůĞĐƚƌŝĐŝĂŶͿ͘
ϭϯ͘>ĂLJŽƵƚ͕ĐƵƚƚŝŶŐŽƌĐŚŝƐĞůŝŶŐŽĨĐŽŶĐƌĞƚĞ͕ĂŶĚďůŽĐŬŽƵƚƐĨŽƌŚĂƌĚǁĂƌĞƌĞĐĞƐƐĞĚŝŶĨůŽŽƌ͘
ϭϰ͘'ƌŽƵƚŝŶŐŽĨŚĂƌĚǁĂƌĞƌĞĐĞƐƐĞĚŝŶĨůŽŽƌ͘
ϭϱ͘/ŶƐƚĂůůĂƚŝŽŶŽĨƉŽǁĞƌƐƵƉƉůLJƚŚĂƚŝƐƉƌŽǀŝĚĞĚďLJŽƚŚĞƌƐ͘
ϭϲ͘ĂĐŬŝŶŐŽƌďůŽĐŬŝŶŐŝŶǁĂůů͘
ϭϳ͘dŚƌĞƐŚŽůĚƐ͕ƵŶůĞƐƐůŝƐƚĞĚŝŶƚŚĞŚĂƌĚǁĂƌĞƐĐŚĞĚƵůĞ͘
ϭϴ͘ůŽƐƵƌĞĂĚũƵƐƚŵĞŶƚƐǁŝƚŚŽƵƚĂŝƌďĂůĂŶĐĞƌĞƉŽƌƚ͘
ϭϵ͘ZĞŝŶƐƚĂůůĂƚŝŽŶŽĨŚĂƌĚǁĂƌĞĚƵĞƚŽŽƵƚŽĨƐĞƋƵĞŶĐĞǁŽƌŬŽĨŽƚŚĞƌƐƵďĐŽŶƚƌĂĐƚŽƌƐ͘ZĞǁŽƌŬǁŝůůďĞƉĞƌĨŽƌŵĞĚŽŶĂ
ƚŝŵĞĂŶĚŵĂƚĞƌŝĂůďĂƐŝƐ͘
ϮϬ͘tĂůůŵŽƵŶƚĞĚĐĂƌĚƌĞĂĚĞƌƐ͘
Ϯϭ͘ ůĞĐƚƌŽŶŝĐĐĂƌĚĂĐĐĞƐƐĞŶƚƌLJƐLJƐƚĞŵƌĞƉƌŽŐƌĂŵŵŝŶŐĨƌŽŵĐŽŶƐƚƌƵĐƚŝŽŶƚŽƉĞƌŵĂŶĞŶƚĂĐĐĞƐƐ͘
DĂƌŝĐŽƉĂŽƵŶƚLJ ĂƐƚŽƵƌƚd/
WŚŽĞŶŝdž͕
WĂŐĞϰŽĨϲ
ZĞǀ͘ϮϬϮϱ͘ϭ/^ ͕/ŶĐ͘
/WZKWK^>
ϭ͘ dKd>WZ/ ͗ŝŶĐůƵĚŝŶŐŝŶƐƚĂůůĂƚŝŽŶ͕ĨƌĞŝŐŚƚ͕ĂŶĚƚĂdž͖ĞdžĐůƵĚŝŶŐďŽŶĚ͗
ΨϮϳϯ͕ϯϴϮ
Ϯ͘ ĨŽƌWĂLJŵĞŶƚĂŶĚWĞƌĨŽƌŵĂŶĐĞŽŶĚ͗
ϭй
ϯ͘ tĞĂĐŬŶŽǁůĞĚŐĞĚĚĞŶĚƵŵ;ƐͿ͗
Eͬ
ϰ͘ ^ĐŚĞĚƵůĞŽĨǀĂůƵĞƐ͗
Ă͘ ϭϬйŽĨĐŽŶƚƌĂĐƚǀĂůƵĞĨŽƌĞŶŐŝŶĞĞƌŝŶŐ͕ďŝůůĂďůĞƵƉŽŶƐƵďŵŝƐƐŝŽŶĨŽƌĂƉƉƌŽǀĂů͘
ď͘ ϭϬйŽĨĐŽŶƚƌĂĐƚǀĂůƵĞĨŽƌƉƌŽũĞĐƚŵĂŶĂŐĞŵĞŶƚ͕ďŝůůĞĚĞƋƵĂůůLJďLJŵŽŶƚŚƵŶƚŝůĐŽŵƉůĞƚŝŽŶ͘
Đ͘ KƚŚĞƌƐƉĞĐŝĨŝĐůŝŶĞŝƚĞŵƐĨŽƌĐŽŽƌĚŝŶĂƚŝŽŶ͕/D͕ůĂLJŽƵƚ͕ĨŝĞůĚĚŝŵĞŶƐŝŽŶƐ͕ƐĞŝƐŵŝĐĂŶĐŚŽƌĂŐĞ͕ŵŽďŝůŝnjĂƚŝŽŶ͕ďŽŶĚƐ͕
ŵŽĐŬƵƉƐ͕ĂŶĚƉƌŽũĞĐƚƐŝƚĞŽĨĨŝĐĞĐŽƐƚƐǁŝůůďĞŝƚĞŵŝnjĞĚĂŶĚďŝůůĞĚĂƐŝŶĐƵƌƌĞĚ͘
Ě͘ dŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌǁŝůůďĞƌĞƐƉŽŶƐŝďůĞĨŽƌƉĂLJŵĞŶƚŽĨƚŚĞƐĞĨƵŶĚƐƌĞŐĂƌĚůĞƐƐŽĨKǁŶĞƌ͛ƐƌĞŝŵďƵƌƐĞŵĞŶƚŽĨ
ƉĂLJŵĞŶƚ͘
Ğ͘ /^ ͕/ŶĐ͘ƐŚĂůůďĞƉĂŝĚŵŽŶƚŚůLJƉƌŽŐƌĞƐƐƉĂLJŵĞŶƚƐĨŽƌƚŚĞǀĂůƵĞŽĨƚŚĞǁŽƌŬƉĞƌĨŽƌŵĞĚ͕ŝŶĐůƵĚŝŶŐĂůůŵĂƚĞƌŝĂů
ŵĂŶƵĨĂĐƚƵƌĞĚŽƌƉƵƌĐŚĂƐĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚĐŽŶƐƚƌƵĐƚŝŽŶƐĐŚĞĚƵůĞĂŶĚĚĞůŝǀĞƌĞĚƚŽƚŚĞũŽďƐŝƚĞŽƌƐƵŝƚĂďůLJ
ƐƚŽƌĞĚĂƚĂŶŽĨĨͲƐŝƚĞůŽĐĂƚŝŽŶ͘
ϱ͘ ŽǁŶWĂLJŵĞŶƚƐ͗dŚĞƐƉĞĐŝĨŝĞĚŵĂŶƵĨĂĐƚƵƌĞƌƐƌĞƋƵŝƌĞƐƉĞĐŝĨŝĐƚĞƌŵƐ͕ŝŶĐůƵĚŝŶŐĚŽǁŶƉĂLJŵĞŶƚƐ͕ƉƌŽŐƌĞƐƐƉĂLJŵĞŶƚƐ͕
ĂŶĚĨŝŶĂůƉĂLJŵĞŶƚƐ͘/^ ͕/ŶĐ͘ǁŝůůƌĞƋƵŝƌĞƚŚĞƐĞƚĞƌŵƐƚŽďĞŝŶĐŽƌƉŽƌĂƚĞĚŝŶƚŽƚŚĞƐƵďĐŽŶƚƌĂĐƚĂŐƌĞĞŵĞŶƚĂŶĚ^ĐŚĞĚƵůĞ
ŽĨsĂůƵĞƐ͘ĚŽǁŶƉĂLJŵĞŶƚŽĨdŝƐƌĞƋƵŝƌĞĚďLJ/^ ͕/ŶĐ͘ƉƌŝŽƌƚŽƌĞůĞĂƐŝŶŐĂŶLJŵĂƚĞƌŝĂůƐŝŶƚŽĨĂďƌŝĐĂƚŝŽŶ͘
ϲ͘ >ĞĂĚdŝŵĞƐ͗
Ă͘ ^ƵďŵŝƚƚĂůƐ͕ƐĂŵƉůĞƐ͕ĂŶĚĨŝƌƐƚƐĞƚŽĨƐŚŽƉĚƌĂǁŝŶŐƐĂƌĞ;ϭϰͿǁĞĞŬƐĂĨƚĞƌƌĞĐĞŝƉƚŽĨŵƵƚƵĂůůLJĂĐĐĞƉƚĂďůĞ
ƐƵďĐŽŶƚƌĂĐƚ͕ĚĞƉŽƐŝƚ͕ĂŶĚĂƌĐŚŝƚĞĐƚƵƌĂůĚƌĂǁŝŶŐƐŝŶĨŽƌŵĂƚ;t'ŽƌZsdͿ͘^ƵďŵŝƚƚĂůƐĂƌĞĞƐƚŝŵĂƚĞĚƚŽďĞ
ĚĞůŝǀĞƌĞĚŝŶ;ϭͿƉŚĂƐĞƐ͘WŚĂƐŝŶŐĂŶĚĚĞůŝǀĞƌĂďůĞƐǁŝůůďĞĐŽŽƌĚŝŶĂƚĞĚǁŝƚŚƚŚĞƉƌŽũĞĐƚƚĞĂŵƵƉŽŶĂǁĂƌĚ͘
ŝ͘ /ĨĞŶŐŝŶĞĞƌĞĚƐŚŽƉĚƌĂǁŝŶŐƐĂƌĞƌĞƋƵŝƌĞĚ͕ƚŚĞLJǁŝůůďĞƉƌŽǀŝĚĞĚŝŶƐƚĂŶĚĂƌĚϭϭdžϭϳW&ĨŽƌŵĂƚŽŶůLJĂŶĚƐŚĂůů
ŝŶĐůƵĚĞƚLJƉŝĐĂůĚĞƚĂŝůƐ͕ĞůĞǀĂƚŝŽŶƐ͕ΘŵŽĚĞůŶƵŵďĞƌƐĨŽƌŝŶƐƚĂůůĂƚŝŽŶƉƵƌƉŽƐĞƐ͘dLJƉŝĐĂůŝŶŝƚŝĂůƐƵďŵŝƚƚĂůƐŚŽƉ
ĚƌĂǁŝŶŐůĞĂĚƚŝŵĞƐƚĂƌƚƐǁŚĞŶ/^ ƌĞĐĞŝǀĞƐƚŚĞŽƌZsdĨŝůĞƐ͘;t'ŽƌZsdͿĨŝůĞƐƐŚŽƵůĚŝŶĐůƵĚĞĂŶLJ
ĨůŽŽƌƉůĂŶƐ͕ĐĞŝůŝŶŐƉůĂŶƐ͕ŝŶƚĞƌŝŽƌĞůĞǀĂƚŝŽŶƐ͕ΘĚĞƚĂŝůƐƉĞƌƚĂŝŶŝŶŐƚŽƚŚĞĐŽǀĞƌĞĚĂƌĞĂƐŝŶƚŚŝƐĐŽŶƚƌĂĐƚ͘/Ĩ
ƌĞƋƵŝƌĞĚ;t'ŽƌZsdͿĨŝůĞƐĂƌĞEKdĂǀĂŝůĂďůĞĂŶĚ/^ ŵƵƐƚĐŽŵƉůĞƚĞƚŚĞƐŚŽƉĚƌĂǁŝŶŐŝŶŝƚŝĂůƐƵďŵŝƚƚĂů
ĨƌŽŵƐĐƌĂƚĐŚ͕ĂĐŚĂŶŐĞŽƌĚĞƌǁŝůůďĞƌĞƋƵŝƌĞĚĨŽƌƚŚĞĞdžƚƌĂĞŶŐŝŶĞĞƌŝŶŐĂŶĚůĞĂĚƚŝŵĞĨŽƌƐŚŽƉĚƌĂǁŝŶŐƐǁŝůů
ĞdžƚĞŶĚŽƵƚ͘EŽƚĞ͗ŝĨLJŽƵŬŶŽǁĨŝůĞƐŵĂLJŶŽƚďĞĂǀĂŝůĂďůĞƉƌŝŽƌƚŽƚŚĞƐƚĂƌƚŽĨƚŚŝƐƉƌŽũĞĐƚ͕ƉůĞĂƐĞůĞƚ/^
ŬŶŽǁƐŽǁĞĐĂŶĂĐĐŽƵŶƚĨŽƌƚŚĞĂĚĚŝƚŝŽŶĂůĐŽƐƚĂŶĚƚŝŵĞŝŶƚŚŝƐĞƐƚŝŵĂƚĞͬĐŽŶƚƌĂĐƚ͘
ď͘ DĂŶƵĨĂĐƚƵƌŝŶŐůĞĂĚƚŝŵĞƐĂƌĞ;ϭϮͿǁĞĞŬƐĂĨƚĞƌƌĞƚƵƌŶĂŶĚĂƉƉƌŽǀĂůŽĨĂůůƐƵďŵŝƚƚĂůƐ͕ŝŶĐŽƌƉŽƌĂƚŝŶŐĂŶLJ
ĐŽŽƌĚŝŶĂƚŝŽŶĂŶĚĨŝĞůĚĚŝŵĞŶƐŝŽŶƐƌĞƋƵŝƌĞĚĨŽƌĂĐůĞĂŶƌĞůĞĂƐĞĨŽƌƉƌŽĚƵĐƚŝŽŶ͘
Đ͘ WƌŽũĞĐƚƐĐŚĞĚƵůĞƚŽďĞŵƵƚƵĂůůLJĂŐƌĞĞĚƚŽƵƉŽŶĞdžĞĐƵƚŝŽŶŽĨƚŚŝƐĐŽŶƚƌĂĐƚ͘ŽŵƉůĞƚĞƐĐŚĞĚƵůĞǁŝůůďĞƉƌŽǀŝĚĞĚďLJ
ƵƐƚŽŵĞƌǁŝƚŚŝŶƚĞŶ;ϭϬͿďƵƐŝŶĞƐƐĚĂLJƐĨƌŽŵƌĞĐĞŝƉƚŽĨƐŝŐŶĞĚĂŐƌĞĞŵĞŶƚďLJ/^ ĂƵƚŚŽƌŝnjĞĚƌĞƉƌĞƐĞŶƚĂƚŝǀĞ͘
DĂƌŝĐŽƉĂŽƵŶƚLJ ĂƐƚŽƵƌƚd/
WŚŽĞŶŝdž͕
WĂŐĞϱŽĨϲ
ZĞǀ͘ϮϬϮϱ͘ϭ/^ ͕/ŶĐ͘
d ZD^EKE/d/KE^
ϭ͘ /^ ŵĂLJĞdžƉĞƌŝĞŶĐĞƉƌŝĐŝŶŐŝŶĐƌĞĂƐĞƐŽƌĚĞůĂLJƐŝŶůĞĂĚƚŝŵĞƐĚƵĞƚŽƚĂƌŝĨĨƐ͕ƐƵƉƉůLJĐŚĂŝŶĚŝƐƌƵƉƚŝŽŶƐ͕ƐƵƌĐŚĂƌŐĞƐĂŶĚĞƐĐĂůĂƚŝŽŶƐ
ĚƵƌŝŶŐƚŚĞƉĞƌĨŽƌŵĂŶĐĞŽĨƚŚŝƐƐƵďĐŽŶƚƌĂĐƚ͘dŚĞĐŽŶƚƌĂĐƚƉƌŝĐĞĨŽƌƚŚŝƐƐĐŽƉĞŚĂƐďĞĞŶĐĂůĐƵůĂƚĞĚďĂƐĞĚŽŶĐƵƌƌĞŶƚŵĂƌŬĞƚĐŽŶĚŝƚŝŽŶƐ
ĂŶĚĂƉƉůŝĐĂďůĞƚĂƌŝĨĨƐ͘hŶĨŽƌĞƐĞĞŶĞĐŽŶŽŵŝĐĨĂĐƚŽƌƐ͕ŝŶĐůƵĚŝŶŐĞƐĐĂůĂƚŝŽŶ͕ƐƵƉƉůLJĐŚĂŝŶĚŝƐƌƵƉƚŝŽŶ͕ŐŽǀĞƌŶŵĞŶƚƌĞŐƵůĂƚŝŽŶƐ͕ƚĂdžĞƐ͕
ƚĂƌŝĨĨƐ͕ƐƵƌĐŚĂƌŐĞƐ͕ĞƚĐ͘ǁŝůůďĞƐƵƉƉŽƌƚĞĚďLJŝŶǀŽŝĐĞďĂĐŬƵƉĂŶĚƐƵƉƉůŝĞƌŶŽƚŝĐĞƐ͘/^ ǁŝůůŝĚĞŶƚŝĨLJƚŚĞƐƚĂƌƚŝŶŐĞƐƚŝŵĂƚĞǀĂůƵĞĨŽƌ
KǁŶĞƌͬ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌĂƚƚŝŵĞŽĨ^ĐŚĞĚƵůĞŽĨsĂůƵĞƐ͘ŶůůŽǁĂŶĐĞŽĨΨϬŚĂƐďĞĞŶŵƵƚƵĂůůLJĞƐƚĂďůŝƐŚĞĚďLJŽǁŶĞƌĂŶĚ/^ ǁŚŝĐŚ
ǁŝůůďĞƵƐĞĚŝŶƚŚĞĞǀĞŶƚŽĨĂŶƵŶĨŽƌĞƐĞĞŶƉƌŝĐĞŝŶĐƌĞĂƐĞ͕ŝŶĐůƵĚŝŶŐƚŚŽƐĞŽƵƚůŝŶĞĚŚĞƌĞŝŶ͘ŶLJƵŶƵƐĞĚƉŽƌƚŝŽŶŽĨƚŚŝƐĂůůŽǁĂŶĐĞǁŝůů
ďĞƌĞƚƵƌŶĞĚƚŽKǁŶĞƌĂƚƉƌŽũĞĐƚĐŽŵƉůĞƚŝŽŶ͘
Ϯ͘ WƌŝĐĞƐƐŚĂůůďĞĐŽŶƐŝĚĞƌĞĚĨŝƌŵĨŽƌĂƉĞƌŝŽĚŽĨ;ϯϬͿĚĂLJƐǁŝƚŚůĂƚĞƌĂĐĐĞƉƚĂŶĐĞƐƵďũĞĐƚƚŽ/^ ͕/ŶĐ͛͘ƐĂƉƉƌŽǀĂů͕ŽƌĂƐƌĞƋƵŝƌĞĚďLJ
ƐƉĞĐŝĨŝĐĂƚŝŽŶƐ͘
ϯ͘ ƵĞƚŽƚŚĞǀŽůĂƚŝůĞŶĂƚƵƌĞŽĨƌĂǁŵĂƚĞƌŝĂůĐŽƐƚƐ;ŝ͘Ğ͘ƐƚĂŝŶůĞƐƐƐƚĞĞů͕ƐƚĞĞů͕ĐŽƉƉĞƌ͕ĂůƵŵŝŶƵŵ͕ƉĞƚƌŽůĞƵŵͲďĂƐĞĚƉƌŽĚƵĐƚƐͿ͕ƚĂƌŝĨĨƐ͕ĂŶĚ
ĨƵĞůĐŽƐƚƐ͕ƉƌŝĐŝŶŐƐŚĂůůŽŶůLJďĞŚĞůĚƚŚƌŽƵŐŚƚŚĞĂĐĐĞƉƚĂŶĐĞƉĞƌŝŽĚƐƚĂƚĞĚŝŶŽƵƌƉƌŽƉŽƐĂů͘/^ ͕/ŶĐ͘ƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚĨŽƌĂĚĚŝƚŝŽŶĂů
ĐŽŵƉĞŶƐĂƚŝŽŶďĂƐĞĚŽŶĂŶLJƐƵƌĐŚĂƌŐĞƐŽƌŝŶĐƌĞĂƐĞƐƌĞĐĞŝǀĞĚĂĨƚĞƌƚŚĞĂĐĐĞƉƚĂŶĐĞƉĞƌŝŽĚ͘
ϰ͘ WƌŽĨĞƐƐŝŽŶĂů>ŝĂďŝůŝƚLJ/ŶƐƵƌĂŶĐĞ; ƌƌŽƌƐĂŶĚKŵŝƐƐŝŽŶƐ/ŶƐƵƌĂŶĐĞͿŝƐŶŽƚŝŶĐůƵĚĞĚ͘
ϱ͘ tĂƚĞƌĚĂŵĂŐĞĚƵĞƚŽǁĂƚĞƌƉŝƉŝŶŐŝŶĐŽƌƌĞĐƚůLJůŽĐĂƚĞĚŝŶĨƌĂŵĞĚǁĂůůƐ͘'ĞŶĞƌĂůĐŽŶƚƌĂĐƚŽƌŝƐƌĞƐƉŽŶƐŝďůĞĨŽƌĐŽŽƌĚŝŶĂƚŝŶŐĂůůƚƌĂĚĞƐ
ƚŽƉƌŽƉĞƌůLJůŽĐĂƚĞƉŝƉŝŶŐŝŶǁĂůůƐ͘
ϲ͘ /^ ͕/ŶĐ͘ƐŚĂůůďĞŐŝǀĞŶƚŝŵĞůLJŶŽƚŝĐĞ;ŶŽůĞƐƐƚŚĂŶϰϴŚŽƵƌƐͿĂŶĚƌĞĂƐŽŶĂďůĞƚŝŵĞƚŽ ƌĞƐƉŽŶĚƚŽĚĞĨŝĐŝĞŶĐŝĞƐƉƌŝŽƌƚŽ'ĞŶĞƌĂů
ŽŶƚƌĂĐƚŽƌŝƐƐƵŝŶŐĂŶLJďĂĐŬĐŚĂƌŐĞƐ͘
ϳ͘ /^ ͕/ŶĐ͘ǁŝůůŶŽƚĂĐĐĞƉƚĐŚĂƌŐĞƐĨŽƌƵŶĚĞĨŝŶĂďůĞĚĂŵĂŐĞƐĚƵƌŝŶŐƉƵŶĐŚůŝƐƚǁŽƌŬǁŝƚŚŽƵƚƉƌŽƉĞƌŶŽƚŝĨŝĐĂƚŝŽŶƚŽĂŶĚĂĐĐĞƉƚĂŶĐĞďLJ
/^ ͕/ŶĐ͘
ϴ͘ ZĞƚĞŶƚŝŽŶŽŶ/^ ͕/ŶĐ͛͘ƐƐƵďĐŽŶƚƌĂĐƚƐǁŝůůŶŽƚĞdžĐĞĞĚϱй͘ZĞƚĞŶƚŝŽŶƐŚĂůůďĞƌĞĚƵĐĞĚƚŽϬйǁŝƚŚŚĞůĚĂƚϱϬйĐŽŵƉůĞƚĞĨŽƌƌĞŵĂŝŶŝŶŐ
ďŝůůŝŶŐƐ͘EŽƌĞƚĞŶƚŝŽŶǁŝůůďĞǁŝƚŚŚĞůĚŽŶƐƵďĐŽŶƚƌĂĐƚǀĂůƵĞƐůĞƐƐƚŚĂŶĨŝĨƚLJƚŚŽƵƐĂŶĚĚŽůůĂƌƐ;ΨϱϬ͕ϬϬϬ͘ϬϬͿ͘
ϵ͘ WƵƌĐŚĂƐĞŽƌĚĞƌƐƚŽ/^ ͕/ŶĐ͘ǁŝůůďĞƉĂŝĚŶĞƚϯϬĚĂLJƐ͕ŶŽƌĞƚĞŶƚŝŽŶ͘
ϭϬ͘ EŽƌŝŐŚƚŽĨƐĞƚŽĨĨǁŝůůďĞĂůůŽǁĞĚŝŶƚŚĞƐƵďĐŽŶƚƌĂĐƚ͘
ϭϭ͘ /^ ͕/ŶĐ͘ǁŝůůŶŽƚďĞůŝĂďůĞƚŽ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌŽƌKǁŶĞƌĨŽƌĂŶLJŝŶĐŝĚĞŶƚĂů͕ĐŽŶƐĞƋƵĞŶƚŝĂůŽƌŽƚŚĞƌƵŶĚĞĨŝŶĞĚĚĂŵĂŐĞƐ͘
ϭϮ͘ /ĨƚŚĞŽŶƚƌĂĐƚŽĐƵŵĞŶƚƐƉƌŽǀŝĚĞĂŶĂŵŽƵŶƚĨŽƌůŝƋƵŝĚĂƚĞĚĚĂŵĂŐĞƐ͕ůŝƋƵŝĚĂƚĞĚĚĂŵĂŐĞƐƐŚĂůůďĞĂƐƐĞƐƐĞĚŽŶůLJƚŽƚŚĞĞdžƚĞŶƚĐĂƵƐĞĚ
ďLJŶĞŐůŝŐĞŶĐĞŽƌǁŝůůĨƵůŵŝƐĐŽŶĚƵĐƚŽĨƚŚĞ^ƵďĐŽŶƚƌĂĐƚŽƌ͘/ĨĚĞůĂLJƐĂƌĞĐĂƵƐĞĚďLJĐŝƌĐƵŵƐƚĂŶĐĞƐŽƵƚŽĨ/^ ͕/ŶĐ͛͘ƐĐŽŶƚƌŽů͕ůŝƋƵŝĚĂƚĞĚ
ĚĂŵĂŐĞƐƐŚĂůůŶŽƚďĞĂƐƐĞƐƐĞĚ͘
ϭϯ͘ /ĨƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌĨĂŝůƐƚŽƌĞĐĞŝǀĞĂĐĞƌƚŝĨŝĐĂƚĞĨŽƌƉĂLJŵĞŶƚĨƌŽŵƚŚĞĂƌĐŚŝƚĞĐƚŽƌĚŽĞƐŶŽƚƌĞĐĞŝǀĞƉĂLJŵĞŶƚĨŽƌĂŶLJĐĂƵƐĞǁŚŝĐŚ
ŝƐŶŽƚƚŚĞĨĂƵůƚŽĨ/^ ͕/ŶĐ͕͘ƚŚĞŶƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƐŚĂůůƉĂLJ/^ ͕/ŶĐ͘ŽŶĚĞŵĂŶĚĂŶLJƉƌŽŐƌĞƐƐƉĂLJŵĞŶƚĂŶĚͬŽƌĨŝŶĂůƉĂLJŵĞŶƚ
ƚŚĂƚŝƐĚƵĞ͘/^ ͕/ŶĐ͘ƐŚĂƌĞƐŶŽƌŝƐŬŽĨKǁŶĞƌŶŽƚƉĂLJŝŶŐ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌ͘/ƚŝƐĂŐƌĞĞĚƚŚĂƚƉĂLJŵĞŶƚƐĨƌŽŵƚŚĞKǁŶĞƌŝŶŶŽǁĂLJ
ĐŽŶƐƚŝƚƵƚĞƚŚĞĞdžĐůƵƐŝǀĞĨƵŶĚĨƌŽŵǁŚŝĐŚ/^ ͕/ŶĐ͕͘ŵĂLJƌĞĐĞŝǀĞƉĂLJŵĞŶƚĨŽƌƚŚĞǁŽƌŬƉĞƌĨŽƌŵĞĚŽŶƚŚŝƐƉƌŽũĞĐƚ͘
ϭϰ͘ /Ĩ/^ ͕/ŶĐ͘ĚŽĞƐŶŽƚƌĞĐĞŝǀĞĂƉƌŽŐƌĞƐƐƉĂLJŵĞŶƚĨƌŽŵƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌǁŝƚŚŝŶϭϬĚĂLJƐĂĨƚĞƌƚŚĞĚĂƚĞƐƵĐŚƉĂLJŵĞŶƚŝƐĚƵĞ͕
ƚŚĞŶ/^ ͕/ŶĐ͕͘ƵƉŽŶŐŝǀŝŶŐĂŶĂĚĚŝƚŝŽŶĂůϮĚĂLJƐ͛ŶŽƚŝĐĞƚŽƚŚĞŽŶƚƌĂĐƚŽƌĂŶĚǁŝƚŚŽƵƚƉƌĞũƵĚŝĐĞƚŽĂŶĚŝŶĂĚĚŝƚŝŽŶƚŽĂŶLJŽƚŚĞƌůĞŐĂů
ƌĞŵĞĚŝĞƐ͕ŵĂLJƐƚŽƉǁŽƌŬƵŶƚŝůƉĂLJŵĞŶƚŽĨƚŚĞĨƵůůĂŵŽƵŶƚŽǁŝŶŐƚŽ/^ ͕/ŶĐ͕͘ŚĂƐďĞĞŶƌĞĐĞŝǀĞĚ͘dŚĞĐŽŶƚƌĂĐƚƉƌŝĐĞƐŚĂůůďĞŝŶĐƌĞĂƐĞĚ
ďLJƚŚĞĂŵŽƵŶƚŽĨ/^ ͕/ŶĐ͛͘ƐƌĞĂƐŽŶĂďůĞĐŽƐƚŽĨƐŚƵƚͲĚŽǁŶ͕ĚĞůĂLJ͕ĂŶĚƐƚĂƌƚͲƵƉďLJĂƉƉƌŽƉƌŝĂƚĞĐŚĂŶŐĞŽƌĚĞƌ͘
ϭϱ͘ /ĨƚŚĞƌĐŚŝƚĞĐƚ͕KǁŶĞƌ͕Žƌ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƌĞƋƵŝƌĞƐ/^ ͕/ŶĐ͘ƚŽƉĞƌĨŽƌŵĂŶLJĂĚĚŝƚŝŽŶĂůǁŽƌŬƉƵƌƐƵĂŶƚƚŽƚŚŝƐĐŽŶƚƌĂĐƚ͕ƚŚĞŶ/^ ͕
/ŶĐ͘ǁŝůůƉƌŽǀŝĚĞĂĐŚĂŶŐĞŽƌĚĞƌƉƌŽƉŽƐĂůĨŽƌƚŚĞǁŽƌŬ͘/^ ͕/ŶĐ͘ǁŝůůŶŽƚƉƌŽĐĞĞĚǁŝƚŚŽƵƚǁƌŝƚƚĞŶĚŝƌĞĐƚŝǀĞ͕ĂƉƉƌŽǀĂůŽĨĐŚĂŶŐĞŽƌĚĞƌ
ƉƌŽƉŽƐĂů͕ĂŶĚƌĞĐĞŝƉƚŽĨƐƵďĐŽŶƚƌĂĐƚĐŚĂŶŐĞŽƌĚĞƌ͘
ϭϲ͘ /ĨƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƌĞƋƵŝƌĞƐ/^ ͕/ŶĐ͘ƚŽƉĞƌĨŽƌŵĂŶLJĂĚĚŝƚŝŽŶĂůǁŽƌŬƉƵƌƐƵĂŶƚƚŽƚŚŝƐĐŽŶƚƌĂĐƚƚŚĂƚǁŝůůďĞƐƵďŵŝƚƚĞĚƚŽĂŶLJ
ƚLJƉĞŽĨ/ŶƐƵƌĂŶĐĞĐůĂŝŵ͕ŝ͘Ğ͘ƵŝůĚĞƌ͛ƐZŝƐŬŽƌŽƚŚĞƌ͕ƚŚĞŶ/^ ͕/ŶĐ͘ǁŝůůƉƌŽǀŝĚĞĂĐŚĂŶŐĞŽƌĚĞƌƉƌŽƉŽƐĂůĨŽƌƚŚĞǁŽƌŬĂŶĚǁŝůůŶŽƚ
ƉƌŽĐĞĞĚǁŝƚŚŽƵƚǁƌŝƚƚĞŶĚŝƌĞĐƚŝǀĞ͕ĂƉƉƌŽǀĂůŽĨĐŚĂŶŐĞŽƌĚĞƌƉƌŽƉŽƐĂů͕ƌĞĐĞŝƉƚŽĨƐƵďĐŽŶƚƌĂĐƚĐŚĂŶŐĞŽƌĚĞƌƉƌŝŽƌƚŽƐƚĂƌƚŝŶŐĂĚĚŝƚŝŽŶĂů
ǁŽƌŬ͘WĂLJŵĞŶƚǁŝůůŶŽƚďĞĐŽŶƚŝŶŐĞŶƚŽŶ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌ͛ƐƌŝƐŬƚŽƌĞĐŽǀĞƌƌĞŝŵďƵƌƐĞŵĞŶƚĨƌŽŵƚŚĞŝŶƐƵƌĂŶĐĞĐŽŵƉĂŶLJ͘
ϭϳ͘ EŽƚǁŝƚŚƐƚĂŶĚŝŶŐĂŶLJŽƚŚĞƌƉƌŽǀŝƐŝŽŶŽĨƐƵďĐŽŶƚƌĂĐƚĂŐƌĞĞŵĞŶƚƚŽƚŚĞĐŽŶƚƌĂƌLJ͕/^ ͕/ŶĐ͘ĚŽĞƐŶŽƚǁĂŝǀĞĂŶLJůŝĞŶƌŝŐŚƚƐŽƌƐƵƌĞƚLJ
ďŽŶĚƌŝŐŚƚƐƉƌŽǀŝĚĞĚďLJůĂǁŽƌĐŽŶƚƌĂĐƚ͘
ϭϴ͘ /^ ͕/ŶĐ͘ǁŝůůƉƌŽǀŝĚĞĂƐĐŚĞĚƵůĞŝĚĞŶƚŝĨLJŝŶŐƚŚĞƐĞƋƵĞŶĐĞĂŶĚĚƵƌĂƚŝŽŶŽĨƚŚĞǁŽƌŬ͕ĨŽƌĂƉƉƌŽǀĂůďLJƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌ͘/^ ͕
/ŶĐ͘ƐŚĂůůďĞĞŶƚŝƚůĞĚƚŽĞƋƵŝƚĂďůĞĂĚũƵƐƚŵĞŶƚƐŽĨƚŚĞĐŽŶƚƌĂĐƚƚŝŵĞĂŶĚƚŚĞĐŽŶƚƌĂĐƚƉƌŝĐĞĚƵĞƚŽĚĞůĂLJƐ͕ĂĐĐĞůĞƌĂƚŝŽŶƐ͕ĐŽŵƉƌĞƐƐŝŽŶƐ͕
ŽƵƚͲŽĨͲƐĞƋƵĞŶĐĞǁŽƌŬ͕ĂŶĚĚŝƐƌƵƉƚŝŽŶƐƌĞƐƵůƚŝŶŐĨƌŽŵƐĐŚĞĚƵůĞĐŚĂŶŐĞƐ͘
ϭϵ͘ /^ ͕/ŶĐ͘ǁŝůůƉĞƌĨŽƌŵĂůůǁŽƌŬĚƵƌŝŶŐƚŚĞŶŽƌŵĂůǁŽƌŬŝŶŐŚŽƵƌƐĂƚƚŚĞƉƌŽũĞĐƚƐŝƚĞ͘ůůŽǀĞƌƚŝŵĞƌĞƋƵŝƌĞĚǁŝůůďĞĂƵƚŚŽƌŝnjĞĚĂƚĂŶ
ĂŐƌĞĞĚͲƵƉŽŶƌĂƚĞĂŶĚƌĞŝŵďƵƌƐĞĚďLJƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌŽŶĂŵŽŶƚŚůLJďĂƐŝƐ͘
ϮϬ͘ /^ ͕/ŶĐ͘ǁŝůůĐůĞĂŶƵƉĂŶĚƌĞŵŽǀĞĚĞďƌŝƐ͕Ěŝƌƚ͕ĂŶĚƌƵďďŝƐŚĂĐĐƵŵƵůĂƚĞĚĂƐĂƌĞƐƵůƚŽĨŝŶƐƚĂůůĂƚŝŽŶ͘ůĞĂŶͲƵƉŝƐŝŶƚĞƌƉƌĞƚĞĚĂƐďƌŽŽŵ
ĐůĞĂŶĂŶĚŽƌĚĞƌůLJ͕ǁŚŝĐŚĚŽĞƐŶŽƚŝŶĐůƵĚĞǁŝƉŝŶŐĚŽǁŶĂŶLJƐƵƌĨĂĐĞƐ͕ŶŽƌĂŶLJĨŝŶĂůĐůĞĂŶŝŶŐ͘/^ ͕/ŶĐ͘ǁŝůůŶŽƚďĞƌĞƋƵŝƌĞĚƚŽ
ĐŽŶƚƌŝďƵƚĞƚŽĂǁĞĞŬůLJĐŽŵƉŽƐŝƚĞĐůĞĂŶͲƵƉĐƌĞǁ͘
DĂƌŝĐŽƉĂŽƵŶƚLJ ĂƐƚŽƵƌƚd/
WŚŽĞŶŝdž͕
WĂŐĞϲŽĨϲ
ZĞǀ͘ϮϬϮϱ͘ϭ/^ ͕/ŶĐ͘
Ϯϭ͘ ,ŽŝƐƚŝŶŐĂŶĚͬŽƌĞůĞǀĂƚŽƌǁŝƚŚĂŶŽƉĞƌĂƚŽƌƚŽďĞƉƌŽǀŝĚĞĚďLJ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌĂƚŶŽĐŚĂƌŐĞƚŽ/^ ͕/ŶĐ͕͘ĚƵƌŝŶŐŶŽƌŵĂůǁŽƌŬŝŶŐ
ŚŽƵƌƐ͘hŶĚĞƌŶŽĐŝƌĐƵŵƐƚĂŶĐĞƐǁŝůů/^ ͕/ŶĐ͘ŵŽǀĞŵĂƚĞƌŝĂůƵƉŽƌĚŽǁŶƐƚĂŝƌǁĂLJƐ͘
ϮϮ͘ 'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƚŽƉƌŽǀŝĚĞƐŝƚĞ>ŽŐŝƐƚŝĐƐƉůĂŶŝĚĞŶƚŝĨLJŝŶŐƵŶůŽĂĚƉĂƚŚ͕ůŽĂĚŝŶŐĚŽĐŬ͕ĐƌĂŶĞƐ͕ĞůĞǀĂƚŽƌƐ͕ŵĂƚĞƌŝĂůŚŽŝƐƚƉƌŝŽƌƚŽ
ƐƵďĐŽŶƚƌĂĐƚŽƌďŝĚ͘/ĨƐƵĐŚĂƉůĂŶŝƐŶŽƚĂǀĂŝůĂďůĞŽƌĐŚĂŶŐĞƐ͕ /^ ͕/ŶĐ͘ƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽƌĞƉƌŝĐĞĂŶLJŝŵƉĂĐƚƚŽƚŚĞŵĂƚĞƌŝĂů
ŵŽǀĞŵĞŶƚƉůĂŶ͘
Ϯϯ͘ 'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƚŽĂĐĐŽŵŵŽĚĂƚĞĨƵůůϱϯ͛ƚƌƵĐŬĚĞůŝǀĞƌŝĞƐ͘
Ϯϰ͘ 'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƚŽĂĐĐŽŵŵŽĚĂƚĞŽĨĨͲŚŽƵƌƐĚĞĚŝĐĂƚĞĚĞůĞǀĂƚŽƌͬŵĂƚĞƌŝĂůůŝĨƚƚŝŵĞĂŶĚƉĞƌƐŽŶŶĞůĂƚŶŽĂĚĚŝƚŝŽŶĂůĐŽƐƚƚŽ/^ ͕/ŶĐ͘
Ϯϱ͘ 'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƚŽĂůůŽǁĨŽƌƐƚĂŐŝŶŐŽĨŵĂƚĞƌŝĂůƐŝŶĂƌĞĂƐŽĨŝŶƐƚĂůůĂƚŝŽŶ͘/ŶƚŚĞĞǀĞŶƚƐƚĂŐĞĚŵĂƚĞƌŝĂůƐĂƌĞƚŽďĞƌĞŚĂŶĚůĞĚĂŶĚ
ƌĞůŽĐĂƚĞĚ͕'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌŝƐƌĞƐƉŽŶƐŝďůĞƚŽƌĞŝŵďƵƌƐĞ/^ ͕/ŶĐ͘
Ϯϲ͘ 'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƐŚĂůůďĞƌĞƐƉŽŶƐŝďůĞĨŽƌŵĂŝŶƚĂŝŶŝŶŐŽƉĞŶŝŶŐƐŝŶƚŽďƵŝůĚŝŶŐƐ͕ĐŽƌƌŝĚŽƌƐ͕ĂŶĚƌŽŽŵƐůĂƌŐĞĞŶŽƵŐŚƚŽĂĐĐŽŵŵŽĚĂƚĞ
ŵŽǀĞŵĞŶƚŽĨŵĂƚĞƌŝĂůƐ͕ƉƌŽǀŝĚŝŶŐ/^ ͕/ŶĐ͕͘ŚĂƐƉƌŽǀŝĚĞĚĐŽŽƌĚŝŶĂƚŝŽŶŽĨǁŽƌŬŝŶĂĚĞƋƵĂƚĞƚŝŵĞƚŽĂůůŽǁŽŶƚƌĂĐƚŽƌƚŽƐĐŚĞĚƵůĞ
ǁŽƌŬƉƌŽƉĞƌůLJ͘
Ϯϳ͘ ,ƵŵŝĚŝƚLJĂŶĚƚĞŵƉĞƌĂƚƵƌĞĐŽŶƚƌŽůƌĞƋƵŝƌĞŵĞŶƚƐĨŽƌŵĂŝŶƚĂŝŶŝŶŐŚĞĂƚŝŶŐ͕ǀĞŶƚŝůĂƚŝŽŶ͕ĂŶĚĐŽŽůŝŶŐƐLJƐƚĞŵƐƚŽŽďƚĂŝŶƌĞůĂƚŝǀĞŚƵŵŝĚŝƚLJ
ŶĞĐĞƐƐĂƌLJƚŽŵĂŝŶƚĂŝŶŽƉƚŝŵƵŵŵŽŝƐƚƵƌĞĐŽŶƚĞŶƚŽĨƚŚĞĂƌĐŚŝƚĞĐƚƵƌĂůǁŽŽĚǁŽƌŬŝŶƚŚĞŝŶƐƚĂůůĂƚŝŽŶĂƌĞĂŝƐƚŚĞƌĞƐƉŽŶƐŝďŝůŝƚLJŽĨƚŚĞ
'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌŽƌKǁŶĞƌ͘ŝƌĐŽŶĚŝƚŝŽŶŝŶŐƐŚĂůůďĞŽƉĞƌĂƚŝǀĞĨŽƌƚǁŽǁĞĞŬƐĂŶĚĂƌĞůĂƚŝǀĞŚƵŵŝĚŝƚLJƌĂŶŐĞŽĨϮϱͲϱϱйƐŚĂůůďĞ
ŵĂŝŶƚĂŝŶĞĚƉƌŝŽƌƚŽŝŶƐƚĂůůĂƚŝŽŶ͘
Ϯϴ͘ ůůŵĂũŽƌŵŽĚŝĨŝĐĂƚŝŽŶƐŽƌĂŵĞŶĚŵĞŶƚƐŝƐƐƵĞĚďLJƚŚĞKǁŶĞƌ͕ǁŚĞƚŚĞƌƚŚĞLJƐƉĞĐŝĨŝĐĂůůLJĂƉƉůLJƚŽŽƵƌ^ĐŽƉĞŽĨtŽƌŬŽƌŶŽƚ͕ǁŝůůďĞ
ƉƌŽǀŝĚĞĚƚŽ/^ ͕/ŶĐ͘dŚĞLJŵĂLJĂĨĨĞĐƚĞdžƚĞŶƐŝŽŶƐŽĨƚŝŵĞ͕ĂŶĚĂƐ/^ ͕/ŶĐ͕͘ǁŝůůďĞŽŶĞŽĨƚŚĞůĂƐƚƚƌĂĚĞƐŽŶƚŚĞƉƌŽũĞĐƚ͕ĂŶLJĚĞůĂLJƐ
ŝŶƚŚĞũŽďĚƵĞƚŽĞdžƚĞŶƐŝŽŶƐŽĨƚŝŵĞǁŝůůĂĨĨĞĐƚŽƵƌĐŽƐƚĨŽƌŵĂƚĞƌŝĂůƐ͕ĞdžƚĞŶĚĞĚŽǀĞƌŚĞĂĚ͕ĂŶĚůĂďŽƌ͘
Ϯϵ͘ /Ŷ ƚŚĞ ĞǀĞŶƚ ĞŝƚŚĞƌ 'ĞŶĞƌĂů ŽŶƚƌĂĐƚŽƌ Žƌ ^ƵďĐŽŶƚƌĂĐƚŽƌ ŝŶƐƚŝƚƵƚĞƐ ůĞŐĂů ƉƌŽĐĞĞĚŝŶŐƐ ǁŚĞƚŚĞƌ ďLJ ĐŽƵƌƚ ĂĐƚŝŽŶ͕ ĂƌďŝƚƌĂƚŝŽŶ Žƌ
ŽƚŚĞƌǁŝƐĞ͕ĂŐĂŝŶƐƚƚŚĞŽƚŚĞƌƉĂƌƚLJŽƌĂŐĂŝŶƐƚƚŚĞƐƵƌĞƚLJŽĨƚŚĞŽƚŚĞƌƉĂƌƚLJ͕ŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚĂŶLJĚŝƐƉƵƚĞŽƌŵĂƚƚĞƌĂƌŝƐŝŶŐƵŶĚĞƌ
ƚŚĞƐƵďĐŽŶƚƌĂĐƚŐŽǀĞƌŶŝŶŐƚŚŝƐƉƌŽũĞĐƚ͕ƚŚĞƉĂƌƚLJƉƌĞǀĂŝůŝŶŐŝŶƚŚĂƚƉƌŽĐĞĞĚŝŶŐƐŚĂůůďĞĞŶƚŝƚůĞĚƚŽƌĞĐŽǀĞƌĨƌŽŵƚŚĞŽƚŚĞƌŝƚƐĂĐƚƵĂů
ĂƚƚŽƌŶĞLJƐͬĂƌďŝƚƌĂƚŝŽŶĨĞĞƐ͘
ϯϬ͘ /ĨƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƵƐĞƐ͕ƌĞůŝĞƐŽŶ͕ůŝƐƚƐŽƌĚŝƌĞĐƚƐ/^ ͕/ŶĐ͘ƚŽƉƌŽĐĞĞĚĂƐĂ^ƵďĐŽŶƚƌĂĐƚŽƌŝƚĂĐŬŶŽǁůĞĚŐĞƐƚŚĂƚƚŚĞLJŚĂǀĞƌĞĂĚ͕
ƵŶĚĞƌƐƚŽŽĚĂŶĚĂŐƌĞĞƚŽĂůůƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŽĨ/^ ͕/ŶĐ͛͘ƐŽĨĨĞƌƚŽƐĞůůĂŶĚǁŝůůŝŶĐŽƌƉŽƌĂƚĞƚŚĞƐĞƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐŝŶ/^ ͕
/ŶĐ͛͘ƐƐƵďĐŽŶƚƌĂĐƚ͘
ϯϭ͘ ŚĂŶŐĞƐƚŽWĂLJŵĞŶƚͬĂŶŬŝŶŐ/ŶĨŽƌŵĂƚŝŽŶ͘KŶůLJƵƚŚŽƌŝnjĞĚ/ŶĚŝǀŝĚƵĂůƐĨƌŽŵ/^ ĂƌĞƉĞƌŵŝƚƚĞĚƚŽŵĂŬĞĐŚĂŶŐĞƐƚŽŽƌǀĞƌŝĨLJďĂŶŬ
ŝŶĨŽƌŵĂƚŝŽŶĨŽƌƉĂLJŵĞŶƚƉƵƌƉŽƐĞƐ͘ƵƚŚŽƌŝnjĞĚ/ŶĚŝǀŝĚƵĂůƐĂƌĞĚĞĨŝŶĞĚĂƐƚŚĞĨŽůůŽǁŝŶŐ͗ŚŝĞĨ&ŝŶĂŶĐŝĂůKĨĨŝĐĞƌ͕ŽŶƚƌŽůůĞƌŽƌƐƐŝƐƚĂŶƚ
ŽŶƚƌŽůůĞƌ͘ŶLJƌĞƋƵĞƐƚƚŽĐŚĂŶŐĞƉĂLJŵĞŶƚͬďĂŶŬŝŶŐŝŶĨŽƌŵĂƚŝŽŶƐŚĂůůŽŶůLJďĞƉƌŽĐĞƐƐĞĚŝĨƐƵďŵŝƚƚĞĚŝŶǁƌŝƚŝŶŐĂŶĚƐŝŐŶĞĚďLJĂŶ
ƵƚŚŽƌŝnjĞĚ/ŶĚŝǀŝĚƵĂů͘ůůƌĞƋƵĞƐƚƐĨŽƌĐŚĂŶŐĞƐƚŽƉĂLJŵĞŶƚͬďĂŶŬŝŶŐŝŶĨŽƌŵĂƚŝŽŶďLJ/^ ŵƵƐƚďĞǀŽŝĐĞǀĞƌŝĨŝĞĚďLJŽŶƚƌĂĐƚŽƌǁŝƚŚ
ĂƚĞůĞƉŚŽŶĞĐĂůůƚŽĂŶƵƚŚŽƌŝnjĞĚ ŵƉůŽLJĞĞĂƚ/^ ͛ƐŽƌƉŽƌĂƚĞ,ĞĂĚƋƵĂƌƚĞƌƐ͗;ϯϬϯͿϳϵϬͲϭϰϰϰ͘dŚĞŽŶƚƌĂĐƚŽƌĂŐƌĞĞƐƚŚĂƚ/^
ƐŚĂůůŶŽƚďĞƌĞƐƉŽŶƐŝďůĞŽƌůŝĂďůĞĨŽƌůŽƐƐĞƐĨŽƌŵŽŶĞLJƐĞŶƚƚŽĂŶĞǁͬĚŝĨĨĞƌĞŶƚĂĐĐŽƵŶƚŝĨƚŚĞĐŚĂŶŐĞƐƚŽƉĂLJŵĞŶƚͬďĂŶŬŝŶŐŝŶĨŽƌŵĂƚŝŽŶ
ǁĞƌĞŶŽƚ;ϭͿƌĞƋƵĞƐƚĞĚŝŶǁƌŝƚŝŶŐďLJĂŶƵƚŚŽƌŝnjĞĚ ŵƉůŽLJĞĞ͖;ϮͿƐŝŐŶĞĚďLJĂŶƵƚŚŽƌŝnjĞĚ ŵƉůŽLJĞĞ͖ĂŶĚ;ϯͿǀŽŝĐĞǀĞƌŝĨŝĞĚďLJĂŶ
ƵƚŚŽƌŝnjĞĚ ŵƉůŽLJĞĞĂƚƚŚĞŶƵŵďĞƌůŝƐƚĞĚŚĞƌĞŝŶ͘
ϯϮ͘ ůŽĐŬƚŚĞĨŽůůŽǁŝŶŐƐƉŽŽĨĞĚĚŽŵĂŝŶƐƚŚĂƚĂƌĞŬŶŽǁŶƚŽŚĂǀĞŝŵƉĞƌƐŽŶĂƚĞĚ/^ ĞŵĂŝůǁŝƚŚĐƌŝŵŝŶĂůŝŶƚĞŶƚ͗ŝŝƐĞĐŝŶĐ͘ĐŽŵ͕ŝƐĞĐůŶĐ͘ĐŽŵ͕
ŝƐĞĐŶŝĐ͘ĐŽŵ
^ŝŶĐĞƌĞůLJ͕
/^ ͕/ŶĐ͘
ͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺͺ
DŝĐŬĞLJEĞůƐŽŶ
^ŽƵƚŚǁĞƐƚZĞŐŝŽŶ
ϮϭϵϬ ĂƐƚ ůůŝŽƚZŽĂĚ͕^ƵŝƚĞϮϬϭ
dĞŵƉĞ͕ƌŝnjŽŶĂϴϱϮϴϰ
ϰϴϬͲϳϳϮͲϵϭϮϵ
20690
.LWFKHOO&RQWUDFWRUV
+D\GHQ.HLOPDQ
Attention
06/27/25 Addenda 1 & 2
MC Office Optimization East Court TI
101 W. Jefferson St., Phoenix
Darren Crow
2631 North 37th Drive
Phoenix, Arizona 85009
(602) 305-8050 T
(602) 305-8292 F
ROC091522 Commercial
ROC091517 Residential
Per Plans Dated
Fax
Project Bid By
Phone
Submitted To
Project
darrencrow@sundoorandtrim.com
Phone Ext 3261
Located
PROPOSAL
Date
Alternates:
1. Provide minimal protection of single layer 36" high corrugated cardboard held by no marking tape on swinging prefinished wood doors once
installed, to be removed by others. Add to base $1,701.00 at time of award.
2. Wire, Terminate and Test Door Portion of Electrified door hardware (not electric strikes) from electrified hardware to power transfer/hinge.
Does not include any integration with access control. Add to base $5,095.00 at time of award.
3. Add 63ea. Final Cores, Final Keying, & Insertion of Final Cores. Cores for Openings By Others included. Openings By Others need to have
Cylinder Housings prepped to accept Schlage Large Format Interchangeable Cores. Includes Supply Only 1ea. 300 key capacity Cabinet.
Excludes Key management software. Add to base $29,883.00 at time of award.
Furnish, Stock and Install:
1. Hollow Metal Frames: 16 GA A60 - Web Welded [FOB Truck at Jobsite, Set By Others]
3ea. 3'-0" x 7'-0" x 534
1ea. 3'-0" x 7'-0" x 814
2. Aluminum Frames: Clear Anodized - 1" Trim
1ea. 2'-10" x 7'-0" x 5" x 24" Transom - 95" FHSL with 1ea. Horizontal Mullion
1ea. 2'-10" x 7'-0" x 7-1/4" x 48" Transom - 38" FHSL with 1ea. Horizontal Mullion
1ea. 3'-0" x 7'-0" x 5" x 24" Transom - 10" FHSL with 1ea. Horizontal Mullion
1ea. 3'-0" x 7'-0" x 5" x 24" Transom - 17" FHSL with 1ea. Horizontal Mullion
1ea. 3'-0" x 7'-0" x 5" x 24" Transom - 46" FHSL with 1ea. Horizontal Mullion
1ea. 3'-0" x 7'-0" x 5" x 24" Transom - 74" FHSL with 1ea. Horizontal Mullion
1ea. 3'-0" x 7'-0" x 5" x 24" Transom - 81" FHSL with 1ea. Horizontal Mullion
1ea. 3'-0" x 7'-0" x 5" x 24" Transom - 100" FHSL with 1ea. Horizontal Mullion
1ea. 3'-0" x 7'-0" x 5" x 24" Transom - 130" FHSL with 1ea. Horizontal Mullion
1ea. 3'-0" x 7'-0" x 5" x 24" Transom - 292" FHSL with 1ea. Horizontal Mullion - 90° Outside Brake Metal Corner
27ea. 3'-0" x 7'-0" x 5" x 38" FHSL - 24" Clerestory
1ea. 3'-0" x 7'-0" x 7-1/4" x 48" Transom - 80" FHSL with 1ea. Horizontal Mullion
1ea. 19'-6" x 4'-0" x 7-1/4" x 4-sided Window
3. Wood Doors: Particle Core - Factory Prefinished Plain Sliced White Maple - Custom Color - Standard Edges
2ea. 2'-10" x 7'-0" x 1-3/4" x Flush
40ea. 3'-0" x 7'-0" x 1-3/4" x Flush
4. Finish Hardware: Schlage Grade 1 Mortise Locks, Von Duprin Exit Devices. LCN Closers. 626/689 Finishes.
LFIC. Construction Cores Included. Final Cores and Keying are By Others.
We hereby submit specifications and estimates for:
No Use/Sales/Other Taxes or Consulting Meetings Included (Unless Noted Otherwise)
All material is guaranteed to be as specified unless noted otherwise. All work to be completed in a workmanlike manner according to standard practices. Any
alteration or deviation from above specifications involving extra costs will be executed only upon orders, and will become an extra charge over and above the
estimate. All agreements contingent upon strikes, accidents or delays beyond our control.
Bid is based on Sun Door’s current insurance coverage. Bid is valid based upon mutually agreed upon terms and conditions for this project, project schedule
availability, availability of materials, and material/manufacturers price increases. Attached and incorporated here are Sun Door's General Terms and Conditions.
Shop Drawings: 3-4 wks, Hollow Metal Frames: 6-8 wks, Aluminum
Frames: 8-10 wks, Wood Doors: 10-12 wks, Finish Hardware: 8-10
wks. (Expedited materials may be available at additional cost).
Lead times after receipt of approved schedules and veneer samples (may vary
due to manufacturer’s then-current production and shipping schedule):
Not included (Unless Noted Otherwise): Other/Use Taxes, Sales Taxes, Payment
/ Performance Bonds.Project phasing. Stain / paint (uno). Set hollow metal
frames. Master keying. Sort thru doors / frames for specific openings unless by
prior agreement. Set pocket frames. Glass, glazing. Door / frame touchup due to
construction / move in damage. Minor wall damage due to frame installation.
Aluminum storefront / herculite hardware. Knox box. Elec wiring, termination,
testing etc. Consistent coloring veneers for natural birch.
Continued on Page # 2
Page 1 of 2
20690
Page 2 of 2
Continued from Previous Page
.LWFKHOO&RQWUDFWRUV
+D\GHQ.HLOPDQ
Attention
06/27/25 Addenda 1 & 2
MC Office Optimization East Court TI
101 W. Jefferson St., Phoenix
Darren Crow
2631 North 37th Drive
Phoenix, Arizona 85009
(602) 305-8050 T
(602) 305-8292 F
ROC091522 Commercial
ROC091517 Residential
Per Plans Dated
Fax
Project Bid By
Phone
Submitted To
darrencrow@sundoorandtrim.com
Phone Ext 3261
Located
PROPOSAL
Project
Date
Total for Above: $182,071.00. Installed by SDT installers, not subcontracted out.
+ tax, bond as applicable.
Pricing based on Normal Weekday Nighttime construction hours.
Notes:
1. Existing & Building Standard not defined. Specifications not provided for Wood Door veneer, cut, and species. Bid as listed above. Price may
fluctuate based on final materials and scope.
2. Aluminum Frames bid with Commercial Anodized Finish, not Class II as specified.
3. Wood Doors Specification NWWDA Hallmark stamp is an outdated standard. Wood Doors bid in compliance with WDMA industry
standards which meet or exceed specified standard.
4. Existing Openings to receive New Hardware bid assumes Existing Materials are prepped for specified New Hardware. No Modification to
Existing is included in bid. Openings that are rated cannot be modified or opening will lose its rating.
Excludes:
1. Demo, Touch Up, or Repair.
2. Glass, Glazing, and Window Films.
3. 'DYLV%DFRQRUPrevailing Wages.
4. Security Hardware, Wiring, and Integration.
Page 2 of 2
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Addendum E-2. We have been placed on notice from our supplier partners that the recently announced
international trade tariffs may be implemented suddenly and result in material surcharges for all new orders placed
in addition to the quoted prices. This proposal is based on current pricing from Seller’s suppliers and includes all
price increases and surcharges levied by those suppliers and known by Seller as of the date of this proposal. This
proposal is valid for acceptance for 30 days. The Seller reserves the right to require an approved change order
before the order can be released into production to compensate for any supplier price increases or surcharges
announced after the date of this Proposal and prior to the release of materials for fabrication. Seller will provide
written documentation of the Supplier increase notice upon request.
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Terms. The products (“Products”) described in this proposal and the labor necessary to install the Products (“Labor”) are herein collectively referred to as the “Work”.
Condition Precedent. Buyer and Seller agree that if, following Buyer’s acceptance hereof, a contract is to be executed by them, Seller’s performance hereunder shall be subject to the condition
precedent that the terms and conditions of such contract are acceptable to Seller.
Scope of Work. Seller agrees to perform for Buyer the Work at the Project. Buyer acknowledges and agrees that: (i) the prices quoted by Seller for the Products are based upon plans,
specifications, verbal information or sketches as indicated herein and the addenda hereto; and (ii) that the Work contemplated under this Proposal is fully and correctly described herein.
Unless included in the description of and prices quoted for Products, glass, glazing, painting and electrical wiring is excluded under this Proposal and will be provided only upon receipt of
a change order signed by Buyer.
Proposal Price. Conditional upon Seller’s prior approval of Buyer’s credit, Buyer will pay Seller the unpaid balance for performance of the Work within 30 days of the date of Seller’s invoice. If
performance of the Work extends over 30 days, Buyer agrees to pay Seller progress payments under Seller’s regular billing terms and if Products have been delivered to the Project or stored in
a mutually agreed location, Buyer agrees to pay an amount not to exceed 90% of the Proposal Price in payment of the cost of such Products.
If payment of any sum is not made when and as due under this Proposal, Buyer shall pay interest on such delinquent sums at the rate of 1.50% per month or, the highest contract rate
allowed under applicable law.
If your check is dishonored or returned for any reason, your account will be electronically debited for the amount of the check plus the state maximum processing fee.
If following Buyer’s default Seller refers this account to an attorney for collection, Buyer agrees to pay all attorney’s fees incurred by Seller whether or not a lawsuit for collection is instituted,
and all other costs of collection and litigation.
Contract Time. Installation dates are estimates only and Seller cannot guarantee commencement of Work or completion thereof on any given date. Completion dates cannot be given until Seller
has been furnished with complete approved drawings and any additional information it may request. Seller shall not be liable for total or partial failure to complete or for any delay in delivering
Products or Labor under this Proposal. Seller shall not be liable in any event for any special or consequential damages on account of failure or delay in performance regardless of cause.
Work Performance. Performance of the Work will be made by Seller in a prompt manner but Seller cannot be responsible for damage or delay due to acts of God, accidents, civil disturbances,
delays in transportation by common carrier, strikes, war, unavailability of material or other cause beyond the reasonable control of Seller.
If Products are installed before a finished floor is completed, warranty is limited and Seller assumes no responsibility for fitting the Product to the floor. An additional charge may be made
to Buyer for returning to the Project for adjustments to the Product.
Seller assumes no responsibilities for failure of installation of the Product due to structural deficiencies in an existing building. Buyer shall prepare the Project for installation in accordance
with requirements of Seller.
If special work, requiring additional material and labor is required to meet conditions other than those specifically described in this Proposal, Buyer agrees to pay an additional charge
therefore.
Seller shall be allowed uninterrupted and exclusive access to the Project during performance of the Work.
No Product may be returned without Seller’s prior written approval. All Product returned is subject to a minimum of 25% restocking fee.
Cancellation. In the event Buyer cancels this Proposal after the Seller has commenced Work, Buyer shall forfeit the amount of the down payment given to Seller at the time of the execution of
this Proposal, and in addition, shall pay to the Seller such proportion of the total Proposal Price as the amount of Work bears to the total amount of Work agreed upon to be furnished under this
Proposal, plus a sum equal to 25% of the total Proposal Price as liquidated damages, which amount is to be paid within 30 days from the date of such cancellation.
In the event of Buyer‘s insolvency this Proposal shall be cancelled and Seller shall have no further obligations to Buyer hereunder.
Insurance. Seller shall carry workmen’s compensation and public liability insurance to cover the Work. Seller shall not be liable to indemnify, hold harmless or protect in any way the Buyer, or
any other party involved in the Work, whether an employee of Seller or Buyer or any third party, except to the extent of the workmen’s compensation and public liability insurance maintained by
Seller.
Buyer shall keep the Project adequately insured against any loss to Seller by reason of damage to Seller’s Product or Work or Seller’ vehicles, equipment and tools by vandalism, fire,
water, windstorm and any other occurrence during the course of Work.
Alterations. Any alterations or modifications initiated by Buyer must be agreed upon between the parties and the price fixed by them before work on such alteration or modification shall commence.
Payment for such alteration or modification shall be made at the time of the completion of the Work.
Permits and Licenses. Buyer shall be responsible for determining if a permit of any kind is needed and for securing the necessary permits and licenses for the Work at Buyer’s own cost and
expense.
Warranties. Seller warrants the Product sold to be free from defects in material and workmanship under normal and intended use and service. This warranty extends only to the Buyer and
expires one year after the date of delivery or installation of the Product by Seller.
Parts and labor for service work are warranted for the following periods: All replacement parts 90 days; labor-service 30 days. Seller’s sole obligation is limited to repairing or replacing any
parts which shall be determined by Seller to be defective and is conditioned upon Buyer giving notice of any such defect to Seller within the warranty period. If Seller concludes that repair or
replacement is necessary, Seller will commence work within a reasonable time after the decision to repair or replace is made.
This warranty does not apply to any Product which has been altered or repaired by any person not authorized by the Seller or which has been subjected to misuse, neglect or accident.
Seller assumes no liability for incidental or consequential damages and BUYER AGREES THAT THERE IS NO IMPLIED WARRANTY OF THE PRODUCT’S FITNESS FOR ANY
PARTICULAR PURPOSE OR FOR BUYER’S PARTICULAR APPLICATION. Warranties implied by law are limited to duration to one year period described above.
Wood Products will be guaranteed only if properly protected within 10 days of delivery or installation by Seller with a prime and finish coat of manufacturer’s recommended paint.
No warranty will be honored unless the Proposal Price has been paid in full, including any applicable service charges.
Modification of Proposal. Any modification of this Proposal or additional obligation assumed by either party in connection with this Proposal shall be binding only if evidenced in writing signed
by each party or an authorized representative of each party.
Governing Law. It is agreed that this Proposal shall be governed by, construed and enforced in accordance with the laws of the state in which the Project is located.
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This proposal may be withdrawn by MirrorWorks if not accepted within Thirty (30) days due to the fluctuating cost increases in aluminum / glass materials
and cost impact of energy/fuel surcharges. Thank you.
PLEASE SIGN & RETURN WITH AUTHORIZED SIGNATURE
to proceed with material procurement and scheduling.
6HOHFWHG7UDGH3DUWQHU
Maricopa County East Court TI
1,798
Sq. Ft.
26.63
$
47,874
$
505
Sq. Ft.
43.21
$
21,820
$
40
Sq. Ft.
55.30
$
2,212
$
71,906
$
71,906
$
719
$
TOTAL BASE BID (Not Including Taxes)
Alternates
1. One-Year Payment & Performance Bond (1%)
Interior Glass & Glazing
Interior Glass & Glazing Subtotal
Applied Custom Cut Graphic Window Film
1/2" Glazing in AL Frames (Frames by Others)
Claridge Markerboards
Walters & Wolf Construction Specialties
Maricopa County East Court TI
August 25, 2025
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o
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o
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o
tĞŝŶĐůƵĚĞŝŶͲǁĂůůƐŚĞĞƚŵĞƚĂůďĂĐŬŝŶŐĨŽƌǁĂůůͲŵŽƵŶƚĞĚŝƚĞŵƐƐŚŽǁŶĂŶĚǁŚĞƌĞŝŶĚŝĐĂƚĞĚŽŶƉůĂŶƐ͘
o
tĞŝŶĐůƵĚĞŝŶƐƚĂůůĂƚŝŽŶŽĨƚŚĞŚŽůůŽǁŵĞƚĂůĨƌĂŵĞƐ͕ƉƌŽǀŝĚĞĚͬƐƚŽĐŬĞĚͬŝŶǀĞŶƚŽƌŝĞĚďLJŽƚŚĞƌƐ͘
o
ůůĨƌĂŵĞƐƚŽďĞŽŶƐŝƚĞƉƌŝŽƌƚŽƐƚĂƌƚŽĨĨƌĂŵŝŶŐ
tĞĞdžĐůƵĚĞ͗
•
&ƵƌŶŝƐŚĨƌĂŵĞƐ͘
•
&ƵƌŶŝƐŚͬŝŶƐƚĂůůŽĨĚŽŽƌƐΘŚĂƌĚǁĂƌĞ͘
•
&ƵƌŶŝƐŚͬŝŶƐƚĂůůĂůƵŵŝŶƵŵĚŽŽƌĂŶĚǁŝŶĚŽǁĨƌĂŵĞƐ͘
o
tĞĞdžĐůƵĚĞĐĂƵůŬŝŶŐŽĨD WƉĞŶĞƚƌĂƚŝŽŶƐ
•
/ŶƚĞƌŝŽƌͬ džƚĞƌŝŽƌ džĐůƵƐŝŽŶƐ
o
ŶLJŶĞǁǁŽƌŬĂƚƚŚĞƉĞƌŝŵĞƚĞƌŽĨĞŝƚŚĞƌĨůŽŽƌ͘
o
ŶLJdŝŶƚŚĞĐŽƌƌŝĚŽƌůĞĂĚŝŶŐŽƵƚŽĨƚŚĞĞdžŝƐƚŝŶŐůŽďďLJ͘
o
/DDŽĚĞůŝŶŐ
o
ĞŵŽůŝƚŝŽŶ
o
ůůĂĐĐĞƐƐƉĂŶĞůƐĂƌĞŶŽƚƐŚŽǁŶ͘
o
KǀĞƌƚŝŵĞǁĞĞŬĞŶĚƐĂŶĚƐŚŝĨƚǁŽƌŬ
o
dĞŵƉǁĂůůƐ͕ďĂƌƌŝĐĂĚĞƐ͕/Z͕ĂŶĚĂůůĂŝƌƚƌĞĂƚŵĞŶƚƉƌŽĐĞĚƵƌĞƐ
o
WƵƚƚLJƉĂĚƐ͘
o
ƵĚŐĞƚŶŽƚŝŶĐůƵĚĞĚĨŽƌƐŝƚĞĂŶĚƐĂĨĞƚLJƌĞƋƵŝƌĞŵĞŶƚƐŽƵƚƐŝĚĞƚŚŝƐƐĐŽƉĞŽĨǁŽƌŬ͘
o
,ĞĂƚĞƌƐĂŶĚͬŽƌĂŶLJĞŶǀŝƌŽŶŵĞŶƚĂůĐŽŶƚƌŽůĞƋƵŝƉŵĞŶƚ͘
o
ŽƐƚƐĨŽƌĨŝŶŝƐŚŝŶŐĐƌĂĐŬƐǁŚĞŶĂƐŬĞĚƚŽƚĂƉĞĂŶĚĨŝŶŝƐŚĚƌLJǁĂůůďĞĨŽƌĞƚŚĞďƵŝůĚŝŶŐĞŶǀĞůŽƉĞ
o
ďĞŝŶŐĐŽŵƉůĞƚĞĂŶĚƚĞŵƉĞƌĂƚƵƌĞĐŽŶƚƌŽůůĞĚ͘
o
WĂƌŬŝŶŐŽƌƐŚƵƚƚůŝŶŐĐƌĞǁƐƚŽƚŚĞƐŝƚĞ͘
o
^ƚƌƵĐƚƵƌĂů^ƚĞĞůĞƐŝŐŶĂŶĚ&ĂďƌŝĐĂƚŝŽŶ͘
o
ĂĐŬŝŶŐŝƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJĚĞƚĂŝůĞĚŽƌŶŽƚĞĚŝŶďŝĚƐĞƚƉůĂŶƐ͘
(4#/+0)&4;9#..%'+.+0)52#+06'+(5
$5,=21$52&
&$/,)251,$52&
:/RQH&DFWXV'U6XLWH$3KRHQL[$UL]RQDe2IILFH
WĂŐĞͮϰ
o
&ůŽŽƌƉƌŽƚĞĐƚŝŽŶĨŽƌŽƚŚĞƌƐ͕ĚƵƐƚƉƌŽƚĞĐƚŝŽŶ͕ĨĞŶĐĞƐ͕ĂŶĚƚĞŵƉǁĂůůƐͬďĂƌƌŝĐĂĚĞƐ͘
o
&ŝƌĞƐƉƌĂLJ͕ĨŝƌĞĐĂƵůŬ͕ĂŶĚƐŽƵŶĚĐĂƵůŬĂƚƚŚĞƚŽƉĂŶĚďŽƚƚŽŵŽĨĚƌLJǁĂůůƉĂƌƚŝƚŝŽŶƐǁŚĞƌĞƌĞƋƵŝƌĞĚ͘
o
&ŝƌĞƌĂƚŝŶŐ͕&ŝƌĞĐĂƵůŬŝŶŐĂŶĚ&ŝƌĞƐĂĨŝŶŐ͘
o
&ŝƌĞƉƌŽŽĨƉĂƚĐŚŝŶŐ͘
o
ůůƐƚĞĞůƉƌŽĚƵĐƚƐϭϮŐĂƵŐĞĂŶĚŚĞĂǀŝĞƌ͕ŝŶĐůƵĚŝŶŐĂůůĚŝŵĞŶƐŝŽŶĂůƐƚĞĞů͘
o
ůůƌŽƵŐŚĐĂƌƉĞŶƚƌLJĂŶĚǁŽŽĚƉƌŽĚƵĐƚƐ͕ŝŶĐůƵĚŝŶŐƉůLJǁŽŽĚďĂĐŬŝŶŐͬďůŽĐŬŝŶŐ͕ƵŶůĞƐƐƐƉĞĐŝĨŝĐĂůůLJŝŶĐůƵĚĞĚ
ĂďŽǀĞ͘
o
dƌĂĚĞĚĂŵĂŐĞƌĞƉĂŝƌ͘
o
EŽƐƉĞĐŝĂůĚƌLJǁĂůůŝŶĐůƵĚĞĚ͕ŝ͘Ğ͕͘ůĞĂĚ͕ŝŵƉĂĐƚ͕ďĂůůŝƐƚŝĐ͕ŽƌƐŽƵŶĚĞdžĐĞƉƚĂƐŶŽƚĞĚĂďŽǀĞ͘
o
ŽƐƚƐĨŽƌǁĂƚĞƌͲĚĂŵĂŐĞĚŐLJƉƐƵŵďŽĂƌĚĚƵĞƚŽďƵŝůĚŝŶŐĞŶǀĞůŽƉĞŶŽƚďĞŝŶŐĚƌŝĞĚŝŶ͘/ŶĐůƵĚŝŶŐĐŽƐƚƐ
ĂƐƐŽĐŝĂƚĞĚǁŝƚŚĂůůtĂƚĞƌ/ŶƚƌƵƐŝŽŶWůĂŶƐ͘
o
ůůĂŝƌĂŶĚŵŽŝƐƚƵƌĞďĂƌƌŝĞƌŝŶƐƚĂůůĂƚŝŽŶĂŶĚƚĞƐƚŝŶŐ͘
o
ƵŵƉƐƚĞƌƐĂŶĚĚĞďƌŝƐƌĞŵŽǀĂůĨƌŽŵƚŚĞƐŝƚĞ͕ŝŶĐůƵĚŝŶŐƚƌĂƐŚĐŚƵƚĞƐŽƌŚŝŐŚͲƌĞĂĐŚĞƋƵŝƉŵĞŶƚ͘
o
DŽĐŬͲƵƉƐ͘
o
ůƵŵŝŶƵŵŽƌ^ƚĂŝŶůĞƐƐͲƐƚĞĞůĐŽƌŶĞƌŐƵĂƌĚƐĂŶĚĂůůǁĂůůƉƌŽƚĞĐƚŝŽŶ͘
o
ůƵŵŝŶƵŵŵƵůůŝŽŶĞŶĚǁĂůůĐĂƉƐĂŶĚĚƌLJǁĂůůƐŝůůĂĚĂƉƚĞƌƐ;ƐƵƉƉůŝĞĚďLJŽƚŚĞƌƐͿ͘
o
>ĞǀĞůϱĚƌLJǁĂůůĨŝŶŝƐŚĞƐ͕ƵŶůĞƐƐƐƉĞĐŝĨŝĐĂůůLJŝŶĐůƵĚĞĚĂďŽǀĞ͘
o
ůůĨůĂƐŚŝŶŐƐ͘
o
WƌŝŵĞƌƐ͕ƐĞĂůĞƌƐ͕ĐĂƵůŬŝŶŐĂƚǁŝŶĚŽǁƐͬĚŽŽƌƐŝŶĐůƵĚŝŶŐĂƌĐŚŝƚĞĐƚƵƌĂůĐĂƵůŬŝŶŐƚŽĚŝƐƐŝŵŝůĂƌŵĂƚĞƌŝĂůƐ͘
o
^ĞĂůĂŶƚƐŶĞŝƚŚĞƌƐŽƵŶĚŶŽƌĨŝƌĞĂƚĂůůŽƚŚĞƌƚƌĂĚĞƉĞŶĞƚƌĂƚŝŽŶƐ͘
o
ĐŽƵƐƚŝĐĂŶĚƚŚĞƌŵĂůŝŶƐƵůĂƚŝŽŶ͕ƵŶůĞƐƐƐƉĞĐŝĨŝĐĂůůLJŝŶĐůƵĚĞĚĂďŽǀĞ͘
o
^ŚĞĂƚŚŝŶŐũŽŝŶƚĂŶĚƉĞŶĞƚƌĂƚŝŽŶƚƌĞĂƚŵĞŶƚŵĂƚĞƌŝĂůƐ͘
o
/ŶƐƚĂůůĂůůĚŽŽƌƐ͕ŚĂƌĚǁĂƌĞ͕ŐůĂnjŝŶŐ͕ĂŶĚŐƌŽƵƚŝŶŐŽĨĂŶLJĨƌĂŵĞƐ͘
o
ĞŵŽƵŶƚĂďůĞƉĂƌƚŝƚŝŽŶƐ͘
o
ZĂŝƐĞĚĂĐĐĞƐƐĨůŽŽƌƐ͘
d
•
tĞŝŶĐůƵĚĞƚŚĞĨŽůůŽǁŝŶŐd͗;KZWWZKs Yh>Ϳ
o
dϭƌŵƐƚƌŽŶŐϮϰ͟džϰϴ͟hůƚŝŵĂ,ŝŐŚEZϭϱͬϭϲ͟^ƋƵĂƌĞ>ĂLJ/Ŷϭϵϰϯ
o
DWϭƌŵƐƚƌŽŶŐϴ͟džϵϲ͟ϱϱϳϬ^ĞƐĂŵĞDĞƚĂůǁŽƌŬƐ>ŝŶĞĂƌDϮDŝĐƌŽƉĞƌĨŽƌĂƚĞĚ
o
tWͲϭ<ŶŽůůdĞdžƚŝůĞĞůŝƚĞĂƚĂůŝŶĂ
o
tWͲϮ<ŶŽůůdĞdžƚŝůĞĞůŝƚĞ,ĂďŝƚĂƚ
•
tĞŝŶĐůƵĚĞĂƚƚĂĐŚŝŶŐǁŝƌĞƐƚŽƚŚĞũŽŝƐƚƐĂŶĚĚĞĐŬ͘EŽĂĚĚĞĚƐƵďͲƐƚƌƵĐƚƵƌĞŝƐŝŶĐůƵĚĞĚ͘
•
tĞĞdžĐůƵĚĞƐĞŝƐŵŝĐǁŝƌĞƐ͕ĐůŝƉƐ͕ďƌĂĐŝŶŐ͕ŽƌŽƚŚĞƌƐƉĞĐŝĂůŐƌŝĚĐŽŶĚŝƚŝŽŶƐ͘
•
ůůƚŝůĞΘŐƌŝĚǁŽƌŬƚĂŬĞƐƉůĂĐĞďĞĨŽƌĞĨůŽŽƌŝŶŐĂŶĚĨƵƌŶŝƚƵƌĞ͘
•
tĞĞdžĐůƵĚĞĐĂƵůŬŝŶŐŽĨǁĂůůŵŽůĚƚŽĨŝŶŝƐŚĞĚǁĂůů
•
tĞĞdžĐůƵĚĞǁŝƌĞƐĂƚĐĂŶůŝŐŚƚƐ͕ĞdžŝƚƐŝŐŶƐ͕ĂŶĚ,sĚŝĨĨƵƐĞƌƐ
•
tĞĞdžĐůƵĚĞĐƵƚƚŝŶŐĂŶĚŝŶƐƚĂůůŝŶŐD W&ĚĞǀŝĐĞƚŝůĞ
WĂŝŶƚ
•
tĞŝŶĐůƵĚĞƉĂŝŶƚŝŶŐŽŶǁĂůůƐ͕ĐĞŝůŝŶŐƐ͕ĂŶĚŚŽůůŽǁŵĞƚĂůĚŽŽƌƐĂŶĚĨƌĂŵĞƐ
o
>ĂƚĞdžƉĂŝŶƚŽŶĚƌLJǁĂůůǁĂůůƐĂŶĚĐĞŝůŝŶŐ
o
ƌLJĨĂůůŽŶĚĞĐŬŽĨ,ĞůƉĞƐŬŚĞĐŬͲ/Ŷ;ϭϬϮϭͿ͕ƌĞĂŬƌĞĂ;ϮϬϭϮͿ͕ĂŶĚ/d;ϮϬϭϰͿ
(4#/+0)&4;9#..%'+.+0)52#+06'+(5
$5,=21$52&
&$/,)251,$52&
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WĂŐĞͮϱ
o
dDƉĂŝŶƚŽŶ,DĚŽŽƌƐĂŶĚĨƌĂŵĞƐ
o
tĞŝŶĐůƵĚĞƉĂŝŶƚĂƚŶĞǁĚƌLJǁĂůůŽŶůLJ͘EŽƉĂŝŶƚĂƚĞdžŝƐƚŝŶŐƐƵƌĨĂĐĞƐŝŶĐůƵĚĞĚ͘
•
tĞĞdžĐůƵĚĞƉĂŝŶƚĨƌŽŵ͗
o
ƉŽdžLJWĂŝŶƚ
o
ŶLJŝƚĞŵƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJůŝƐƚĞĚĂďŽǀĞ
•
tĞĞdžĐůƵĚĞĐĂƵůŬŝŶŐĂƚĐĂƐĞǁŽƌŬ
ŽŶƚƌĂĐƚZĞƋƵŝƌĞŵĞŶƚƐĂƐdŚĞLJWĞƌƚĂŝŶƚŽdŚŝƐWƌŽũĞĐƚ
•
ůůĐŽŶƚƌĂĐƚ>ĂŶŐƵĂŐĞŵƵƐƚďĞŶĞŐŽƚŝĂďůĞ͕ŝŶĐůƵĚŝŶŐďƵƚŶŽƚůŝŵŝƚĞĚƚŽƚŚĞĨŽůůŽǁŝŶŐ͗
o
ŵĂdžŝŵƵŵŽĨΨϱϬϬ͘ϬϬŽĨĂĚĚŝƚŝŽŶĂůǁŽƌŬďĞĨŽƌĞƌĞĐĞŝƉƚŽĨĂǁƌŝƚƚĞŶĐŚĂŶŐĞŽƌĚĞƌ͘
o
^ƵďĐŽŶƚƌĂĐƚŽƌdΘDZĂƚĞƐΨϵϯ͘ϬϬƉĞƌŵĂŶŚŽƵƌ͘
o
^ƵďũĞĐƚƚŽĐƌĞĚŝƚĂĐĐĞƉƚĂŶĐĞĂŶĚƉĂLJŵĞŶƚƚĞƌŵƐϯϬĚĂLJƐĂĨƚĞƌƚŚĞďŝůůŝŶŐĚĂƚĞ͘
o
K/Wͬ/WĞŶƌŽůůŵĞŶƚ͕ŝĨƌĞƋƵŝƌĞĚ͕ŝƐĚĞƉĞŶĚĞŶƚŽŶŝŶƐƵƌĂŶĐĞůĂŶŐƵĂŐĞĂŶĚĐŽǀĞƌĂŐĞƐ͘
o
ZĞƚĞŶƚŝŽŶƚŽďĞƌĞĚƵĐĞĚďLJŚĂůĨƵƉŽŶĐŽŵƉůĞƚŝŶŐϱϬйŽĨƚŚŝƐǁŽƌŬ͘
o
ƵŝůĚĞƌƐZŝƐŬŝŶƐƵƌĂŶĐĞŝƐƚŽďĞƉƌŽǀŝĚĞĚďLJƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌ͘
•
ŶLJĚŝƌĞĐƚŝǀĞƚŽďĞŐŝŶǁŽƌŬ͕ǀĞƌďĂůůLJŽƌǁƌŝƚƚĞŶ͕ƐŚĂůůďĞĚĞĞŵĞĚĂŶĂĐĐĞƉƚĂŶĐĞŽĨƚŚŝƐƉƌŽƉŽƐĂů͕ĂŶĚĂĐĐĞƉƚĂŶĐĞŝƐ
ĞdžƉƌĞƐƐůLJůŝŵŝƚĞĚƚŽƚŚĞƐĞƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐ͘ŶLJĐŽŶĨůŝĐƚŝŶŐƚĞƌŵƐƉƌŽƉŽƐĞĚďLJƚŚĞŽŶƚƌĂĐƚŽƌĂƌĞŚĞƌĞďLJ
ƌĞũĞĐƚĞĚƵŶůĞƐƐĂŐƌĞĞĚƚŽŝŶǁƌŝƚŝŶŐ͘/ĨĂŶLJƐƵďƐĞƋƵĞŶƚƚĞƌŵƐŶŽƚĂĐĐĞƉƚĞĚďLJƚŚĞ^ƵďĐŽŶƚƌĂĐƚŽƌŝŶǁƌŝƚŝŶŐĂƌĞ
ĚĞĞŵĞĚƚŽŐŽǀĞƌŶ͕ƚŚĞƚĞƌŵƐŽĨƚŚŝƐƉƌŽƉŽƐĂůƐŚĂůůƚĂŬĞƉƌĞĐĞĚĞŶĐĞ͘
•
dŚŝƐƉƌŽƉŽƐĂůŝƐďĂƐĞĚƵƉŽŶĂĐŽŵďŝŶĞĚƐĐŽƉĞƉƌŝĐĞ͘ǁĂƌĚŽĨƉƌŽũĞĐƚŽŶĂŶŝŶĚŝǀŝĚƵĂůŽƌƉĂƌƚŝĂůǁŽƌŬƐĐŽƉĞŵĂLJ
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This proposal is subject to change if not accepted within 30 days from the bid date. If the job is accepted
but work does not start within 90 days of bid date, material prices are subject to change UNLESS the
owner will accept, store, and pay for stored materials.
Thank you for allowing us the opportunity to provide you with this proposal. Sales tax is not included
unless noted. If you have any questions or comments, please do not hesitate to call.
Terms are Net 30.
NKW Inc.
Ben Logue
7KLVSURSRVDOLVJRRGIRUGD\VIURPDERYHGDWH
PROPOSAL
To:
KITCHELL CONTRACTORS
Date:
July 30, 2025
Attention:
Hayden Keilman
Office:
(602)380-9099
Address:
1707 EAST HIGHLAND AVE
PHOENIX, AZ 85016
Fax:
Email:
hkeilman@kitchell.com
From: AROK Inc.
Office: 602-997-1492
Contact: JR MAPILI
Cell: 000-000-0000
Address:
2819 West Grovers Ave.
Email: jmapili@arok.com
Phoenix AZ. 85053
JOB NAME
JOB NUMBER
JOB ADDRESS
MARICOPA COUNTY OFFICE SPACE
OPTIMIZATION EAST COURT T.I.
101 West Jefferson Street
Phoenix, AZ 85003
PROPOSAL SUMMARY
AMOUNT
BASE BID: DRYWALL, METAL STUDS
$ 198,986.00
Add Alternate: R19 (6”) & R11(3-1/2”) Unfaced Fiberglass Sound
Batt Insulation at designated walls
ADD $ 15,529.00
Add Alternate: Sound Sealant at sound insulated walls
ADD $ 9,033.00
Add Alternate: Patching at demolished partitions and outlets
ADD $ 26,183.00
Acknowledge Addenda #1 & #2.
AROK Inc. is pleased to submit our proposal for Maricopa County Office Space East Court T.I based on plans and
specifications dated June 27,2025, and subject to the following inclusions, exclusions and qualifications:
INCLUSIONS/QUALIFICATIONS:
1.)
Furnish and install KARP 3’x3’ DSC-214M MP 3636 Flush Access panel shown on Section 1/A5.1.
2.)
Level 4 with Texture Finish, primer included.
3.)
Includes installation of HMF. (HMF by others)
4.)
1-1/2” CRC 16 ga at 48” on center & 20 ga 7/8” Hat Channel at 16” on center (GWB Suspended Ceiling)
5.)
Material tax included.
6.)
20 gauge drywall flat metal studs (1-5/8”, 3-5/8”, 4” and 6”)
7.)
Includes 6” x 20 ga Flat strap backing behind cabinets.
8.)
Includes 3-5/8” x 20ga metal studs at 16” o.c. with 5/8” GWB firetape finish at detail 12/A10.2
EXCLUSIONS:
1.)
Protection of elevator walls, floors.
2.)
Protection of existing walls and floors.
3.)
Demolition and removal/ replacement of acoustic grid and panels.
4.)
ACT, Linear Metal Ceiling System.
5.)
Plywood, wood backing
6.)
Supply and install Aluminum Door frames by others.
Standard Exclusions: UNO in Inclusions.
D
Payment of: State and local sales taxes, Permits fees Bond premiums, Pollution liability insurance. Third party payment
systems.
E
Shop drawings, engineering, X-ray, third party testing / Lab and or field.
F
Responsibility for conflicts between contract documents and codes.
G
Prevailing wage (Davis Bacon), Premium time, multiple shift and or off hours work (including nights, weekends and
Holidays).
H
Furnishing or installing hollow metal frames, access panels, Temporary barriers, plywood, wood framing, wood or metal
backing and or blocking, embedded anchorage devices, exterior scaffolding or steel heavier than twelve (12) gauge.
I
Heat, lights, water, power, ventilation, weather protection or snow removal. Dust and or fume control (including air
scrubbers)
J
Acoustical sealants, sound caulking and putty pads, Fire sealants, firestopping and smokestopping.
K
All insulation, including thermal, sound and firesafing and or Patching of fireproofing.
7KLVSURSRVDOLVJRRGIRUGD\VIURPDERYHGDWH
L
Sealant or joint treatment on any tile backer board and or Exterior sheathing. Air, water, weather, vapor and varmint
barriers.
M
Demolition of wall, ceilings, floors and or MEP – (framing and or patching of). Handling of hazardous material.
N
Furnishing dumpsters and removal of debris from the jobsite.
O
Hoist facilities or operator’s time.
P
Out of sequence work and or multiple punch lists.
QUALIFICATIONS
This quotation is based on documents acknowledged herein and use of a subcontract form acceptable to AROK Inc. The contract
between the Contractor and the Owner will not be a part of AROK Inc.’s subcontract unless AROK Inc. agrees to it. Any bond
provided will be on an A.I.A. Bond Form Number A311 or another form acceptable to AROK Inc.
AROK Inc. shall hold harmless the Contractor and any others specified in a written contract from damages to the extent such damages
were caused by a negligent act or omission of AROK Inc.’s employees and only to the liability limit specified in the contract.
The schedule will be as defined by the bid documents. If no schedule is provided it will be as determined by AROK Inc. More time
will be given if needed because of work changed or unavailability of local manpower. If liquidated damages apply AROK Inc. will be
responsible only for the proven actual cost of delays caused by AROK Inc.
Unless otherwise defined, retention will be 5%. When AROK is 50% percent complete, retention will be reduced by 50%. Payment
will be made for materials stored on the job. Monthly payments will be made to AROK Inc. within 7 days of the Contractor’s receipt
of payment from the Owner or within 28 days of invoice date. Final payment, including retention, is due thirty days after completion
of AROK Inc.’s work.
Claims by either party must be filed in a timely manner and in accordance with the laws of the State of Arizona. Arbitration or
mediation will be used only if agreed to by AROK Inc. The entire agreement shall be interpreted and governed under the laws of the
State of Arizona and the appropriate venue for any legal proceedings by or against AROK Inc. shall be in Maricopa County, Arizona.
Hollow metal frames to be installed by others must be in place prior to metal stud framing. Full height walls will be topped down with
gypsum board prior to placing of ducts, piping, etc.
If AROK Inc.’s work changes Contractor will issue a change order before AROK Inc. proceeds. If AROK Inc. is asked to do extra
work before receiving a change order, and AROK Inc. agrees to do so, the Contractor agrees to pay AROK Inc.’s quoted price or the
amount due on a time and material basis. The Contractor’s obligation to pay AROK Inc. does not depend on the Owner’s approval
of the change order. The following labor rates will be applied
Straight Time
$72.25 per man-hour plus markup
Time & Half
$117.00 per man-hour plus markup
Double Time
$144.50 per man-hour plus markup
Premium Time
$44.75 per man-hour plus markup
All labor, materials, special equipment, rental equipment, material handling, delivery and fuel charges associated with any change will
be billed at cost plus 12.5% overhead and 10% profit.
If AROK Inc. incurs added costs due to scheduled areas not being ready, delays, loss of continuity, lost productivity, accelerated
schedule or overtime, AROK Inc. will be paid all added costs plus 12.5% overhead and 10% profit. If AROK Inc.’s work is stopped
for thirty days AROK Inc. may terminate the contract.
Making final payment constitutes a waiver of claims by the Contractor.
AROK Inc. includes metal framing of sizes and gauges, as shown on the bid documents. AROK Inc. does not include bridging,
blocking, clips, angles, bracing, lintels, etc., not shown on the drawings and added by subsequent engineering.
We look forward to working with you on this project. If you have any questions, please do not hesitate to call.
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o
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o
ŶLJŶĞǁǁŽƌŬĂƚƚŚĞƉĞƌŝŵĞƚĞƌŽĨĞŝƚŚĞƌĨůŽŽƌ͘
o
ŶLJdŝŶƚŚĞĐŽƌƌŝĚŽƌůĞĂĚŝŶŐŽƵƚŽĨƚŚĞĞdžŝƐƚŝŶŐůŽďďLJ͘
o
/DDŽĚĞůŝŶŐ
o
ĞŵŽůŝƚŝŽŶ
o
ůůĂĐĐĞƐƐƉĂŶĞůƐĂƌĞŶŽƚƐŚŽǁŶ͘
o
KǀĞƌƚŝŵĞǁĞĞŬĞŶĚƐĂŶĚƐŚŝĨƚǁŽƌŬ
o
dĞŵƉǁĂůůƐ͕ďĂƌƌŝĐĂĚĞƐ͕/Z͕ĂŶĚĂůůĂŝƌƚƌĞĂƚŵĞŶƚƉƌŽĐĞĚƵƌĞƐ
o
WƵƚƚLJƉĂĚƐ͘
o
ƵĚŐĞƚŶŽƚŝŶĐůƵĚĞĚĨŽƌƐŝƚĞĂŶĚƐĂĨĞƚLJƌĞƋƵŝƌĞŵĞŶƚƐŽƵƚƐŝĚĞƚŚŝƐƐĐŽƉĞŽĨǁŽƌŬ͘
o
,ĞĂƚĞƌƐĂŶĚͬŽƌĂŶLJĞŶǀŝƌŽŶŵĞŶƚĂůĐŽŶƚƌŽůĞƋƵŝƉŵĞŶƚ͘
o
ŽƐƚƐĨŽƌĨŝŶŝƐŚŝŶŐĐƌĂĐŬƐǁŚĞŶĂƐŬĞĚƚŽƚĂƉĞĂŶĚĨŝŶŝƐŚĚƌLJǁĂůůďĞĨŽƌĞƚŚĞďƵŝůĚŝŶŐĞŶǀĞůŽƉĞ
o
ďĞŝŶŐĐŽŵƉůĞƚĞĂŶĚƚĞŵƉĞƌĂƚƵƌĞĐŽŶƚƌŽůůĞĚ͘
o
WĂƌŬŝŶŐŽƌƐŚƵƚƚůŝŶŐĐƌĞǁƐƚŽƚŚĞƐŝƚĞ͘
o
^ƚƌƵĐƚƵƌĂů^ƚĞĞůĞƐŝŐŶĂŶĚ&ĂďƌŝĐĂƚŝŽŶ͘
o
ĂĐŬŝŶŐŝƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJĚĞƚĂŝůĞĚŽƌŶŽƚĞĚŝŶďŝĚƐĞƚƉůĂŶƐ͘
(4#/+0)&4;9#..%'+.+0)52#+06'+(5
$5,=21$52&
&$/,)251,$52&
:/RQH&DFWXV'U6XLWH$3KRHQL[$UL]RQDe2IILFH
WĂŐĞͮϰ
o
&ůŽŽƌƉƌŽƚĞĐƚŝŽŶĨŽƌŽƚŚĞƌƐ͕ĚƵƐƚƉƌŽƚĞĐƚŝŽŶ͕ĨĞŶĐĞƐ͕ĂŶĚƚĞŵƉǁĂůůƐͬďĂƌƌŝĐĂĚĞƐ͘
o
&ŝƌĞƐƉƌĂLJ͕ĨŝƌĞĐĂƵůŬ͕ĂŶĚƐŽƵŶĚĐĂƵůŬĂƚƚŚĞƚŽƉĂŶĚďŽƚƚŽŵŽĨĚƌLJǁĂůůƉĂƌƚŝƚŝŽŶƐǁŚĞƌĞƌĞƋƵŝƌĞĚ͘
o
&ŝƌĞƌĂƚŝŶŐ͕&ŝƌĞĐĂƵůŬŝŶŐĂŶĚ&ŝƌĞƐĂĨŝŶŐ͘
o
&ŝƌĞƉƌŽŽĨƉĂƚĐŚŝŶŐ͘
o
ůůƐƚĞĞůƉƌŽĚƵĐƚƐϭϮŐĂƵŐĞĂŶĚŚĞĂǀŝĞƌ͕ŝŶĐůƵĚŝŶŐĂůůĚŝŵĞŶƐŝŽŶĂůƐƚĞĞů͘
o
ůůƌŽƵŐŚĐĂƌƉĞŶƚƌLJĂŶĚǁŽŽĚƉƌŽĚƵĐƚƐ͕ŝŶĐůƵĚŝŶŐƉůLJǁŽŽĚďĂĐŬŝŶŐͬďůŽĐŬŝŶŐ͕ƵŶůĞƐƐƐƉĞĐŝĨŝĐĂůůLJŝŶĐůƵĚĞĚ
ĂďŽǀĞ͘
o
dƌĂĚĞĚĂŵĂŐĞƌĞƉĂŝƌ͘
o
EŽƐƉĞĐŝĂůĚƌLJǁĂůůŝŶĐůƵĚĞĚ͕ŝ͘Ğ͕͘ůĞĂĚ͕ŝŵƉĂĐƚ͕ďĂůůŝƐƚŝĐ͕ŽƌƐŽƵŶĚĞdžĐĞƉƚĂƐŶŽƚĞĚĂďŽǀĞ͘
o
ŽƐƚƐĨŽƌǁĂƚĞƌͲĚĂŵĂŐĞĚŐLJƉƐƵŵďŽĂƌĚĚƵĞƚŽďƵŝůĚŝŶŐĞŶǀĞůŽƉĞŶŽƚďĞŝŶŐĚƌŝĞĚŝŶ͘/ŶĐůƵĚŝŶŐĐŽƐƚƐ
ĂƐƐŽĐŝĂƚĞĚǁŝƚŚĂůůtĂƚĞƌ/ŶƚƌƵƐŝŽŶWůĂŶƐ͘
o
ůůĂŝƌĂŶĚŵŽŝƐƚƵƌĞďĂƌƌŝĞƌŝŶƐƚĂůůĂƚŝŽŶĂŶĚƚĞƐƚŝŶŐ͘
o
ƵŵƉƐƚĞƌƐĂŶĚĚĞďƌŝƐƌĞŵŽǀĂůĨƌŽŵƚŚĞƐŝƚĞ͕ŝŶĐůƵĚŝŶŐƚƌĂƐŚĐŚƵƚĞƐŽƌŚŝŐŚͲƌĞĂĐŚĞƋƵŝƉŵĞŶƚ͘
o
DŽĐŬͲƵƉƐ͘
o
ůƵŵŝŶƵŵŽƌ^ƚĂŝŶůĞƐƐͲƐƚĞĞůĐŽƌŶĞƌŐƵĂƌĚƐĂŶĚĂůůǁĂůůƉƌŽƚĞĐƚŝŽŶ͘
o
ůƵŵŝŶƵŵŵƵůůŝŽŶĞŶĚǁĂůůĐĂƉƐĂŶĚĚƌLJǁĂůůƐŝůůĂĚĂƉƚĞƌƐ;ƐƵƉƉůŝĞĚďLJŽƚŚĞƌƐͿ͘
o
>ĞǀĞůϱĚƌLJǁĂůůĨŝŶŝƐŚĞƐ͕ƵŶůĞƐƐƐƉĞĐŝĨŝĐĂůůLJŝŶĐůƵĚĞĚĂďŽǀĞ͘
o
ůůĨůĂƐŚŝŶŐƐ͘
o
WƌŝŵĞƌƐ͕ƐĞĂůĞƌƐ͕ĐĂƵůŬŝŶŐĂƚǁŝŶĚŽǁƐͬĚŽŽƌƐŝŶĐůƵĚŝŶŐĂƌĐŚŝƚĞĐƚƵƌĂůĐĂƵůŬŝŶŐƚŽĚŝƐƐŝŵŝůĂƌŵĂƚĞƌŝĂůƐ͘
o
^ĞĂůĂŶƚƐŶĞŝƚŚĞƌƐŽƵŶĚŶŽƌĨŝƌĞĂƚĂůůŽƚŚĞƌƚƌĂĚĞƉĞŶĞƚƌĂƚŝŽŶƐ͘
o
ĐŽƵƐƚŝĐĂŶĚƚŚĞƌŵĂůŝŶƐƵůĂƚŝŽŶ͕ƵŶůĞƐƐƐƉĞĐŝĨŝĐĂůůLJŝŶĐůƵĚĞĚĂďŽǀĞ͘
o
^ŚĞĂƚŚŝŶŐũŽŝŶƚĂŶĚƉĞŶĞƚƌĂƚŝŽŶƚƌĞĂƚŵĞŶƚŵĂƚĞƌŝĂůƐ͘
o
/ŶƐƚĂůůĂůůĚŽŽƌƐ͕ŚĂƌĚǁĂƌĞ͕ŐůĂnjŝŶŐ͕ĂŶĚŐƌŽƵƚŝŶŐŽĨĂŶLJĨƌĂŵĞƐ͘
o
ĞŵŽƵŶƚĂďůĞƉĂƌƚŝƚŝŽŶƐ͘
o
ZĂŝƐĞĚĂĐĐĞƐƐĨůŽŽƌƐ͘
d
•
tĞŝŶĐůƵĚĞƚŚĞĨŽůůŽǁŝŶŐd͗;KZWWZKs Yh>Ϳ
o
dϭƌŵƐƚƌŽŶŐϮϰ͟džϰϴ͟hůƚŝŵĂ,ŝŐŚEZϭϱͬϭϲ͟^ƋƵĂƌĞ>ĂLJ/Ŷϭϵϰϯ
o
DWϭƌŵƐƚƌŽŶŐϴ͟džϵϲ͟ϱϱϳϬ^ĞƐĂŵĞDĞƚĂůǁŽƌŬƐ>ŝŶĞĂƌDϮDŝĐƌŽƉĞƌĨŽƌĂƚĞĚ
o
tWͲϭ<ŶŽůůdĞdžƚŝůĞĞůŝƚĞĂƚĂůŝŶĂ
o
tWͲϮ<ŶŽůůdĞdžƚŝůĞĞůŝƚĞ,ĂďŝƚĂƚ
•
tĞŝŶĐůƵĚĞĂƚƚĂĐŚŝŶŐǁŝƌĞƐƚŽƚŚĞũŽŝƐƚƐĂŶĚĚĞĐŬ͘EŽĂĚĚĞĚƐƵďͲƐƚƌƵĐƚƵƌĞŝƐŝŶĐůƵĚĞĚ͘
•
tĞĞdžĐůƵĚĞƐĞŝƐŵŝĐǁŝƌĞƐ͕ĐůŝƉƐ͕ďƌĂĐŝŶŐ͕ŽƌŽƚŚĞƌƐƉĞĐŝĂůŐƌŝĚĐŽŶĚŝƚŝŽŶƐ͘
•
ůůƚŝůĞΘŐƌŝĚǁŽƌŬƚĂŬĞƐƉůĂĐĞďĞĨŽƌĞĨůŽŽƌŝŶŐĂŶĚĨƵƌŶŝƚƵƌĞ͘
•
tĞĞdžĐůƵĚĞĐĂƵůŬŝŶŐŽĨǁĂůůŵŽůĚƚŽĨŝŶŝƐŚĞĚǁĂůů
•
tĞĞdžĐůƵĚĞǁŝƌĞƐĂƚĐĂŶůŝŐŚƚƐ͕ĞdžŝƚƐŝŐŶƐ͕ĂŶĚ,sĚŝĨĨƵƐĞƌƐ
•
tĞĞdžĐůƵĚĞĐƵƚƚŝŶŐĂŶĚŝŶƐƚĂůůŝŶŐD W&ĚĞǀŝĐĞƚŝůĞ
WĂŝŶƚ
•
tĞŝŶĐůƵĚĞƉĂŝŶƚŝŶŐŽŶǁĂůůƐ͕ĐĞŝůŝŶŐƐ͕ĂŶĚŚŽůůŽǁŵĞƚĂůĚŽŽƌƐĂŶĚĨƌĂŵĞƐ
o
>ĂƚĞdžƉĂŝŶƚŽŶĚƌLJǁĂůůǁĂůůƐĂŶĚĐĞŝůŝŶŐ
o
ƌLJĨĂůůŽŶĚĞĐŬŽĨ,ĞůƉĞƐŬŚĞĐŬͲ/Ŷ;ϭϬϮϭͿ͕ƌĞĂŬƌĞĂ;ϮϬϭϮͿ͕ĂŶĚ/d;ϮϬϭϰͿ
(4#/+0)&4;9#..%'+.+0)52#+06'+(5
$5,=21$52&
&$/,)251,$52&
:/RQH&DFWXV'U6XLWH$3KRHQL[$UL]RQDe2IILFH
WĂŐĞͮϱ
o
dDƉĂŝŶƚŽŶ,DĚŽŽƌƐĂŶĚĨƌĂŵĞƐ
o
tĞŝŶĐůƵĚĞƉĂŝŶƚĂƚŶĞǁĚƌLJǁĂůůŽŶůLJ͘EŽƉĂŝŶƚĂƚĞdžŝƐƚŝŶŐƐƵƌĨĂĐĞƐŝŶĐůƵĚĞĚ͘
•
tĞĞdžĐůƵĚĞƉĂŝŶƚĨƌŽŵ͗
o
ƉŽdžLJWĂŝŶƚ
o
ŶLJŝƚĞŵƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJůŝƐƚĞĚĂďŽǀĞ
•
tĞĞdžĐůƵĚĞĐĂƵůŬŝŶŐĂƚĐĂƐĞǁŽƌŬ
ŽŶƚƌĂĐƚZĞƋƵŝƌĞŵĞŶƚƐĂƐdŚĞLJWĞƌƚĂŝŶƚŽdŚŝƐWƌŽũĞĐƚ
•
ůůĐŽŶƚƌĂĐƚ>ĂŶŐƵĂŐĞŵƵƐƚďĞŶĞŐŽƚŝĂďůĞ͕ŝŶĐůƵĚŝŶŐďƵƚŶŽƚůŝŵŝƚĞĚƚŽƚŚĞĨŽůůŽǁŝŶŐ͗
o
ŵĂdžŝŵƵŵŽĨΨϱϬϬ͘ϬϬŽĨĂĚĚŝƚŝŽŶĂůǁŽƌŬďĞĨŽƌĞƌĞĐĞŝƉƚŽĨĂǁƌŝƚƚĞŶĐŚĂŶŐĞŽƌĚĞƌ͘
o
^ƵďĐŽŶƚƌĂĐƚŽƌdΘDZĂƚĞƐΨϵϯ͘ϬϬƉĞƌŵĂŶŚŽƵƌ͘
o
^ƵďũĞĐƚƚŽĐƌĞĚŝƚĂĐĐĞƉƚĂŶĐĞĂŶĚƉĂLJŵĞŶƚƚĞƌŵƐϯϬĚĂLJƐĂĨƚĞƌƚŚĞďŝůůŝŶŐĚĂƚĞ͘
o
K/Wͬ/WĞŶƌŽůůŵĞŶƚ͕ŝĨƌĞƋƵŝƌĞĚ͕ŝƐĚĞƉĞŶĚĞŶƚŽŶŝŶƐƵƌĂŶĐĞůĂŶŐƵĂŐĞĂŶĚĐŽǀĞƌĂŐĞƐ͘
o
ZĞƚĞŶƚŝŽŶƚŽďĞƌĞĚƵĐĞĚďLJŚĂůĨƵƉŽŶĐŽŵƉůĞƚŝŶŐϱϬйŽĨƚŚŝƐǁŽƌŬ͘
o
ƵŝůĚĞƌƐZŝƐŬŝŶƐƵƌĂŶĐĞŝƐƚŽďĞƉƌŽǀŝĚĞĚďLJƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌ͘
•
ŶLJĚŝƌĞĐƚŝǀĞƚŽďĞŐŝŶǁŽƌŬ͕ǀĞƌďĂůůLJŽƌǁƌŝƚƚĞŶ͕ƐŚĂůůďĞĚĞĞŵĞĚĂŶĂĐĐĞƉƚĂŶĐĞŽĨƚŚŝƐƉƌŽƉŽƐĂů͕ĂŶĚĂĐĐĞƉƚĂŶĐĞŝƐ
ĞdžƉƌĞƐƐůLJůŝŵŝƚĞĚƚŽƚŚĞƐĞƚĞƌŵƐĂŶĚĐŽŶĚŝƚŝŽŶƐ͘ŶLJĐŽŶĨůŝĐƚŝŶŐƚĞƌŵƐƉƌŽƉŽƐĞĚďLJƚŚĞŽŶƚƌĂĐƚŽƌĂƌĞŚĞƌĞďLJ
ƌĞũĞĐƚĞĚƵŶůĞƐƐĂŐƌĞĞĚƚŽŝŶǁƌŝƚŝŶŐ͘/ĨĂŶLJƐƵďƐĞƋƵĞŶƚƚĞƌŵƐŶŽƚĂĐĐĞƉƚĞĚďLJƚŚĞ^ƵďĐŽŶƚƌĂĐƚŽƌŝŶǁƌŝƚŝŶŐĂƌĞ
ĚĞĞŵĞĚƚŽŐŽǀĞƌŶ͕ƚŚĞƚĞƌŵƐŽĨƚŚŝƐƉƌŽƉŽƐĂůƐŚĂůůƚĂŬĞƉƌĞĐĞĚĞŶĐĞ͘
•
dŚŝƐƉƌŽƉŽƐĂůŝƐďĂƐĞĚƵƉŽŶĂĐŽŵďŝŶĞĚƐĐŽƉĞƉƌŝĐĞ͘ǁĂƌĚŽĨƉƌŽũĞĐƚŽŶĂŶŝŶĚŝǀŝĚƵĂůŽƌƉĂƌƚŝĂůǁŽƌŬƐĐŽƉĞŵĂLJ
ƌĞƋƵŝƌĞƌĞƉƌŝĐŝŶŐ͘
•
ZĞƚĞŶƚŝŽŶŝƐƚŽďĞƉĂŝĚϯϬĚĂLJƐĂĨƚĞƌƚŚĞĐŽŶƚƌĂĐƚŽƌ͛ƐǁŽƌŬŝƐĐŽŵƉůĞƚĞĚ͘
•
tĞƐƚŽĂƐƚWĂƌƚŝƚŝŽŶƐĐŽǀĞƌƐƐƉĞĐŝĨŝĐĂƚŝŽŶƐƚŚĂƚƉĞƌƚĂŝŶƚŽƚŚĞtĞƐƚŽĂƐƚWĂƌƚŝƚŝŽŶ͛ƐƐĐŽƉĞŽĨǁŽƌŬ͘
•
dŚŝƐƉƌŽƉŽƐĂůŝƐďĂƐĞĚŽŶĂϰϬͲŚŽƵƌǁŽƌŬǁĞĞŬ͘WƌĞŵŝƵŵƚŝŵĞŚĂƐďĞĞŶĞdžĐůƵĚĞĚ͘
•
ŶĂĚĞƋƵĂƚĞĂƌĞĂŵƵƐƚďĞƉƌŽǀŝĚĞĚĨŽƌůĂLJŝŶŐĚŽǁŶ͕ƐƚĂŐŝŶŐ͕ĂŶĚƐƚŽƌŝŶŐũŽďƐŝƚĞŵĂƚĞƌŝĂůƐǁŝƚŚŝŶtW͛ƐƐĐŽƉĞŽĨ
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Hayden Keilman
Kitchell Contractors
RE:
Maricopa County Office Optimization
East Court TI
Dear Hayden,
Listed below is the scope and costs associated with this Proposal
Carpet & Resilient Scope of Work:
Quantities:
Furnish & Install:
CPT 1: Shaw, New Path, Calm 18" x 36" Tile, Color Spontaneous
1,701 yds
Furnish & Install:
LVT 1: Mohawk, Hot & Heavy Lineae, 9" x 60" LVT, Color Figured
600 sf
Furnish & Install:
SDTV-1: Julie Industries Summit Series 12" x 12" SDT, color Onyx
105 sf
Furnish & Install:
RB 1: Johnsonite Traditional 4" Rubber Base, Color Burnt Umber
3,657 lf
Furnish & Install:
Transtions
TOTAL COST FOR EAST COURT TI:
$64,446
*Arizona Privilege Tax is not included
Specific Clarifications:
1) Minor Prep including skim coat at LVT and SDT only
2) Additional Prep including grinding of floors or floating of slabs is not included
3) Patch & Repair is not included
4) Attic Stock is included per spec
Thank you,
Brett Dominguez
Brett Dominguez
August 28, 2025
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This Proposal is valid for 30 days. ŶǀŝƐŝŽŶ&ůŽŽƌŝŶŐĂŶŶŽƚ'ƵĂƌĂŶƚĞĞDĂƚĞƌŝĂůĞůŝǀĞƌLJĂƚĞƐ͕ ŶǀŝƐŝŽŶ&ůŽŽƌŝŶŐK ^EKd
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EXCLUDES: Joint Filler, demolition, furniture moving, major floor prep, floor leveling, concrete grinding, moisture tests, special equipment rental,
protection from other trades, dust control, vacuuming, final cleaning, grout/tile sealing, cleaning and waxing of any floor, attic stock, bonding
expenses, weekend and/or after hours work, on site dumpster, existing adhesive scraping and all applicable taxes, unless otherwise noted above
Buyer __________________________________ Date ____________ Seller __________________________________ Date ____________
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ĚƵĞƚŽůŽƐƐŽĨƉƌŽĚƵĐƚŝŽŶ͘^ƉŽƚƚĞƌƐĨŽƌŽǀĞƌŚĞĂĚǁŽƌŬŽŶůŝĨƚƐĂƌĞŽŵŝƚƚĞĚ͘
•
ŽŶƚƌŽůůŝŶĞƐĂŶĚďĞŶĐŚŵĂƌŬƐƚŽďĞĞƐƚĂďůŝƐŚĞĚďLJƚŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌďĞĨŽƌĞĂŶLJůĂLJŽƵƚ
•
'ƐŚĂůůĐŽŽƌĚŝŶĂƚĞĨůŽŽƌƐƚŽĐŬŝŶŐƐŽƚŚĂƚƐƚŽĐŬĞĚŵĂƚĞƌŝĂůǁŝůůŶŽƚŝŵƉĞĚĞŽƵƌƉƌŽĚƵĐƚŝŽŶĂŶĚĂĐĐĞƐƐĚƵƌŝŶŐůĂLJŽƵƚ͕
ĨƌĂŵŝŶŐ͕ŚĂŶŐŝŶŐ͕ĂŶĚƚĂƉŝŶŐ͘
•
ůůǁĂůůĂŶĚĐĞŝůŝŶŐƉĞŶĞƚƌĂƚŝŽŶƐĂŶĚŽƉĞŶŝŶŐƐƐŚĂůůďĞůĂŝĚŽƵƚďLJĂƉƉůŝĐĂďůĞƚƌĂĚĞƐďĞĨŽƌĞĨƌĂŵŝŶŐ͘
•
ƐƐƵŵĞĚƐŝŶŐůĞŽǀĞƌƐŝnjĞĚŬŝŶŐũĂŵďƐƚƵĚƐĂŶĚWƌŽͲyŚĞĂĚĞƌƐĂƚŝŶƚĞƌŝŽƌŽƉĞŶŝŶŐƐ͘
•
&ƌĂŵĞƉƌŝŽƌŝƚLJǁĂůůƐĂŶĚƚŽƉŽƵƚĚƌLJǁĂůůďĞĨŽƌĞD͘ ͘W͘ǁŽƌŬĐŽŵŵĞŶĐŝŶŐ͘
•
'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌƚŽƉƌŽǀŝĚĞĂĚĞƋƵĂƚĞĂĐĐĞƐƐĨŽƌŵĂƚĞƌŝĂůƐƚŽĐŬŝŶŐĂŶĚĚĞůŝǀĞƌŝĞƐ͘
•
WĂƚĐŚŝŶŐƚŚĂƚĐĂŶďĞŝĚĞŶƚŝĨŝĞĚŽŶƚŚĞƉůĂŶƐĂƚĚƌLJǁĂůůƐƵƌĨĂĐĞƐŝƐŝŶĐůƵĚĞĚ͖ƵŶĨŽƌĞƐĞĞŶƉĂƚĐŚŝŶŐŝƐĂĚĚƌĞƐƐĞĚĂƐĂŶ
džƚƌĂtŽƌŬKƌĚĞƌ
•
ůůŚŽůůŽǁŵĞƚĂůĚŽŽƌĨƌĂŵĞƐƐŚĂůůďĞŽŶͲƐŝƚĞƉƌŝŽƌƚŽĨƌĂŵŝŶŐ
o
/ĨŶŽƚŽŶͲƐŝƚĞƉƌŝŽƌƚŽĨƌĂŵŝŶŐ͕ĂĚĚϮŚŽƵƌƐŽĨůĂďŽƌƉĞƌĨƌĂŵĞ͘
o
/ĨŶŽƚŽŶͲƐŝƚĞƉƌŝŽƌƚŽŐLJƉƐƵŵďŽĂƌĚŝŶƐƚĂůůĂƚŝŽŶ͕ĂĚĚϰŚŽƵƌƐŽĨůĂďŽƌƉĞƌĨƌĂŵĞ͘
o
/ĨŶŽƚŽŶͲƐŝƚĞƉƌŝŽƌƚŽƚŚĞǁĂůůĨŝŶŝƐŚŝŶŐ͕ĂĚĚϴŚŽƵƌƐŽĨůĂďŽƌƉĞƌĨƌĂŵĞ͘
•
dŚĞ'ĞŶĞƌĂůŽŶƚƌĂĐƚŽƌŝƐƌĞƐƉŽŶƐŝďůĞĨŽƌƌĞĐĞŝǀŝŶŐ͕ŽĨĨͲůŽĂĚŝŶŐ͕ĂŶĚƐƚŽĐŬŝŶŐĚŽŽƌĨƌĂŵĞƐ
'ĞŶĞƌĂů džĐůƵƐŝŽŶƐ
•
tWĞdžĐůƵĚĞƐƵƐŝŶŐĂůůůĂĚĚĞƌƐĨŽƌĂŶLJƌĞĂƐŽŶƵŶĚĞƌĂŶLJĐŝƌĐƵŵƐƚĂŶĐĞƐ͘
•
^ƵƌǀĞLJĂŶĚĐŽŶƚƌŽů
•
DƵůƚŝƉůĞŵŽďŝůŝnjĂƚŝŽŶƐ
•
,ĂƵůŝŶŐƚƌĂƐŚŽĨĨƐŝƚĞ
•
KǀĞƌƚŝŵĞĂŶĚǁĞĞŬĞŶĚǁŽƌŬ
•
D WůĂLJŽƵƚ
•
WĂƌŬŝŶŐĂŶĚƚƌĂŶƐƉŽƌƚĂƚŝŽŶŽĨŵĂŶƉŽǁĞƌƚŽƚŚĞƐŝƚĞ
&ƌĂŵŝŶŐͬƌLJǁĂůůͬ/ŶƐƵůĂƚŝŽŶ
•
/ŶƚĞƌŝŽƌ/ŶĐůƵƐŝŽŶƐ
o
tĞŝŶĐůƵĚĞŝŶƚĞƌŝŽƌǁĂůůƐĐŽƉĞďĂƐĞĚŽŶƚŚĞĨŽůůŽǁŝŶŐĐůĂƌŝĨŝĐĂƚŝŽŶƐ͗
ůůŝŶƚĞƌŝŽƌǁĂůůƐƚŽďĞϮϬŐĂ YƐƚƵĚƐǁŚĞƌĞĂůůŽǁĂďůĞďĂƐĞĚŽŶƚŚĞŵĂŶƵĨĂĐƚƵƌĞƌ͛ƐůŝŵŝƚŝŶŐ
ŚĞŝŐŚƚƐ͘
•
dŚĞϭǁĂůůƚLJƉĞŝŶĚŝĐĂƚĞĚŝŶƚŚĞĚƌĂǁŝŶŐƐŚĂǀĞďĞĞŶŝŶĐůƵĚĞĚĂƐĂϯͲϱͬϴ͟ϭϴŐĂ͘ Y
ƐƚƵĚ͘
^ůŽƚƚĞĚƐůŝƉƚƌĂĐŬĂƚĨƵůůŚĞŝŐŚƚǁĂůůƐ͘
(4#/+0)&4;9#..%'+.+0)52#+06'+(5
$5,=21$52&
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WĂŐĞͮϯ
&ƵƌƌĞĚǁĂůůƐƚŽďĞϯͲϱͬϴ͟ϮϬŐĂ͘ Y͘ƐƚƵĚ͕ϲ͟ϮϬŐĂ͘ Y͘ƐƚƵĚ͕ŽƌϮͲϭͬϮ͟ϮϬŐĂ͘ƐƚƵĚĂƐƐƉĞĐŝĨŝĞĚŝŶƚŚĞ
ƉůĂŶƐ͘
&ŝƌƐƚĨůŽŽƌĚĞĐŬŚĞŝŐŚƚĂƐƐƵŵĞĚƚŽďĞϮϬ͛
^ĞĐŽŶĚĨůŽŽƌĚĞĐŬŚĞŝŐŚƚĂƐƐƵŵĞĚƚŽďĞϭϲ͛
o
&ŝďĞƌŐůĂƐƐŝŶͲǁĂůůŝŶƐƵůĂƚŝŽŶŝŶĐůƵĚĞĚĂƐƐŚŽǁŶ͘
ZͲϭϭĂƚϯͲϱͬϴ͟ĂŶĚϮͲϭͬϮ͟ƐƚƵĚƉĂƌƚŝƚŝŽŶƐ͘
ZͲϭϵĂƚϲ͟ƐƚƵĚƉĂƌƚŝƚŝŽŶƐ͘
o
tĞŝŶĐůƵĚĞĐĞŝůŝŶŐƐĐŽƉĞĂƐƐŚŽǁŶĂŶĚďĂƐĞĚŽŶƚŚĞĨŽůůŽǁŝŶŐĐůĂƌŝĨŝĐĂƚŝŽŶƐ͗
ƌLJǁĂůůŐƌŝĚĐĞŝůŝŶŐƐ
^ŚŽƌƚͲƐƉĂŶǁŚĞƌĞĂůůŽǁĂďůĞ
o
'LJƉǁĂůůďŽĂƌĚƚLJƉĞƐĂƐĨŽůůŽǁƐ͗
ϱͬϴ͟dLJƉĞyʹdLJƉŝĐĂů͘
ϱͬϴ͟dLJƉĞyDZŽĂƌĚʹtĞƚǁĂůůƐƚŚĂƚƌĞĐĞŝǀĞƉĂŝŶƚΘďĂƚŚƌŽŽŵĐĞŝůŝŶŐƐ͘
o
&ŝŶŝƐŚůĞǀĞůƐĂƐĨŽůůŽǁƐ͗
>ĞǀĞůϰƚŚƌŽƵŐŚŽƵƚʹWĂŝŶƚĞĚǁĂůůƐĂŶĚĐĞŝůŝŶŐƐ͘
&ŝƌĞƚĂƉĞKŶůLJʹĂďŽǀĞĐĞŝůŝŶŐƐ͘
EŽĨŝŶŝƐŚĂƚƚŝůĞďĂĐŬĞƌ;ďLJƚŝůĞƌͿ͘
o
tĞŝŶĐůƵĚĞŝŶͲǁĂůůƐŚĞĞƚŵĞƚĂůďĂĐŬŝŶŐĨŽƌǁĂůůͲŵŽƵŶƚĞĚŝƚĞŵƐƐŚŽǁŶĂŶĚǁŚĞƌĞŝŶĚŝĐĂƚĞĚŽŶƉůĂŶƐ͘
o
tĞŝŶĐůƵĚĞŝŶƐƚĂůůĂƚŝŽŶŽĨƚŚĞŚŽůůŽǁŵĞƚĂůĨƌĂŵĞƐ͕ƉƌŽǀŝĚĞĚͬƐƚŽĐŬĞĚͬŝŶǀĞŶƚŽƌŝĞĚďLJŽƚŚĞƌƐ͘
o
ůůĨƌĂŵĞƐƚŽďĞŽŶƐŝƚĞƉƌŝŽƌƚŽƐƚĂƌƚŽĨĨƌĂŵŝŶŐ
tĞĞdžĐůƵĚĞ͗
•
&ƵƌŶŝƐŚĨƌĂŵĞƐ͘
•
&ƵƌŶŝƐŚͬŝŶƐƚĂůůŽĨĚŽŽƌƐΘŚĂƌĚǁĂƌĞ͘
•
&ƵƌŶŝƐŚͬŝŶƐƚĂůůĂůƵŵŝŶƵŵĚŽŽƌĂŶĚǁŝŶĚŽǁĨƌĂŵĞƐ͘
o
tĞĞdžĐůƵĚĞĐĂƵůŬŝŶŐŽĨD WƉĞŶĞƚƌĂƚŝŽŶƐ
•
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o
ŶLJŶĞǁǁŽƌŬĂƚƚŚĞƉĞƌŝŵĞƚĞƌŽĨĞŝƚŚĞƌĨůŽŽƌ͘
o
ŶLJdŝŶƚŚĞĐŽƌƌŝĚŽƌůĞĂĚŝŶŐŽƵƚŽĨƚŚĞĞdžŝƐƚŝŶŐůŽďďLJ͘
o
/DDŽĚĞůŝŶŐ
o
ĞŵŽůŝƚŝŽŶ
o
ůůĂĐĐĞƐƐƉĂŶĞůƐĂƌĞŶŽƚƐŚŽǁŶ͘
o
KǀĞƌƚŝŵĞǁĞĞŬĞŶĚƐĂŶĚƐŚŝĨƚǁŽƌŬ
o
dĞŵƉǁĂůůƐ͕ďĂƌƌŝĐĂĚĞƐ͕/Z͕ĂŶĚĂůůĂŝƌƚƌĞĂƚŵĞŶƚƉƌŽĐĞĚƵƌĞƐ
o
WƵƚƚLJƉĂĚƐ͘
o
ƵĚŐĞƚŶŽƚŝŶĐůƵĚĞĚĨŽƌƐŝƚĞĂŶĚƐĂĨĞƚLJƌĞƋƵŝƌĞŵĞŶƚƐŽƵƚƐŝĚĞƚŚŝƐƐĐŽƉĞŽĨǁŽƌŬ͘
o
,ĞĂƚĞƌƐĂŶĚͬŽƌĂŶLJĞŶǀŝƌŽŶŵĞŶƚĂůĐŽŶƚƌŽůĞƋƵŝƉŵĞŶƚ͘
o
ŽƐƚƐĨŽƌĨŝŶŝƐŚŝŶŐĐƌĂĐŬƐǁŚĞŶĂƐŬĞĚƚŽƚĂƉĞĂŶĚĨŝŶŝƐŚĚƌLJǁĂůůďĞĨŽƌĞƚŚĞďƵŝůĚŝŶŐĞŶǀĞůŽƉĞ
o
ďĞŝŶŐĐŽŵƉůĞƚĞĂŶĚƚĞŵƉĞƌĂƚƵƌĞĐŽŶƚƌŽůůĞĚ͘
o
WĂƌŬŝŶŐŽƌƐŚƵƚƚůŝŶŐĐƌĞǁƐƚŽƚŚĞƐŝƚĞ͘
o
^ƚƌƵĐƚƵƌĂů^ƚĞĞůĞƐŝŐŶĂŶĚ&ĂďƌŝĐĂƚŝŽŶ͘
o
ĂĐŬŝŶŐŝƐŶŽƚƐƉĞĐŝĨŝĐĂůůLJĚĞƚĂŝůĞĚŽƌŶŽƚĞĚŝŶďŝĚƐĞƚƉůĂŶƐ͘
(4#/+0)&4;9#..%'+.+0)52#+06'+(5
$5,=21$52&
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WĂŐĞͮϰ
o
&ůŽŽƌƉƌŽƚĞĐƚŝŽŶĨŽƌŽƚŚĞƌƐ͕ĚƵƐƚƉƌŽƚĞĐƚŝŽŶ͕ĨĞŶĐĞƐ͕ĂŶĚƚĞŵƉǁĂůůƐͬďĂƌƌŝĐĂĚĞƐ͘
o
&ŝƌĞƐƉƌĂLJ͕ĨŝƌĞĐĂƵůŬ͕ĂŶĚƐŽƵŶĚĐĂƵůŬĂƚƚŚĞƚŽƉĂŶĚďŽƚƚŽŵŽĨĚƌLJǁĂůůƉĂƌƚŝƚŝŽŶƐǁŚĞƌĞƌĞƋƵŝƌĞĚ͘
o
&ŝƌĞƌĂƚŝŶŐ͕&ŝƌĞĐĂƵůŬŝŶŐĂŶĚ&ŝƌĞƐĂĨŝŶŐ͘
o
&ŝƌĞƉƌŽŽĨƉĂƚĐŚŝŶŐ͘
o
ůůƐƚĞĞůƉƌŽĚƵĐƚƐϭϮŐĂƵŐĞĂŶĚŚĞĂǀŝĞƌ͕ŝŶĐůƵĚŝŶŐĂůůĚŝŵĞŶƐŝŽŶĂůƐƚĞĞů͘
o
ůůƌŽƵŐŚĐĂƌƉĞŶƚƌLJĂŶĚǁŽŽĚƉƌŽĚƵĐƚƐ͕ŝŶĐůƵĚŝŶŐƉůLJǁŽŽĚďĂĐŬŝŶŐͬďůŽĐŬŝŶŐ͕ƵŶůĞƐƐƐƉĞĐŝĨŝĐĂůůLJŝŶĐůƵĚĞĚ
ĂďŽǀĞ͘
o
dƌĂĚĞĚĂŵĂŐĞƌĞƉĂŝƌ͘
o
EŽƐƉĞĐŝĂůĚƌLJǁĂůůŝŶĐůƵĚĞĚ͕ŝ͘Ğ͕͘ůĞĂĚ͕ŝŵƉĂĐƚ͕ďĂůůŝƐƚŝĐ͕ŽƌƐŽƵŶĚĞdžĐĞƉƚĂƐŶŽƚĞĚĂďŽǀĞ͘
o
ŽƐƚƐĨŽƌǁĂƚĞƌͲĚĂŵĂŐĞĚŐLJƉƐƵŵďŽĂƌĚĚƵĞƚŽďƵŝůĚŝŶŐĞŶǀĞůŽƉĞŶŽƚďĞŝŶŐĚƌŝĞĚŝŶ͘/ŶĐůƵĚŝŶŐĐŽƐƚƐ
ĂƐƐŽĐŝĂƚĞĚǁŝƚŚĂůůtĂƚĞƌ/ŶƚƌƵƐŝŽŶWůĂŶƐ͘
o
ůůĂŝƌĂŶĚŵŽŝƐƚƵƌĞďĂƌƌŝĞƌŝŶƐƚĂůůĂƚŝŽŶĂŶĚƚĞƐƚŝŶŐ͘
o
ƵŵƉƐƚĞƌƐĂŶĚĚĞďƌŝƐƌĞŵŽǀĂůĨƌŽŵƚŚĞƐŝƚĞ͕ŝŶĐůƵĚŝŶŐƚƌĂƐŚĐŚƵƚĞƐŽƌŚŝŐŚͲƌĞĂĐŚĞƋƵŝƉŵĞŶƚ͘
o
DŽĐŬͲƵƉƐ͘
o
ůƵŵŝŶƵŵŽƌ^ƚĂŝŶůĞƐƐͲƐƚĞĞůĐŽƌŶĞƌŐƵĂƌĚƐĂŶĚĂůůǁĂůůƉƌŽƚĞĐƚŝŽŶ͘
o
ůƵŵŝŶƵŵŵƵůůŝŽŶĞŶĚǁĂůůĐĂƉƐĂŶĚĚƌLJǁĂůůƐŝůůĂĚĂƉƚĞƌƐ;ƐƵƉƉůŝĞĚďLJŽƚŚĞƌƐͿ͘
o
>ĞǀĞůϱĚƌLJǁĂůůĨŝŶŝƐŚĞƐ͕ƵŶůĞƐƐƐƉĞĐŝĨŝĐĂůůLJŝŶĐůƵĚĞĚĂďŽǀĞ͘
o
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Clouse Legacy Coatings · 339 E 10th Dr · Mesa, AZ 85210
PROPOSAL
ATTN:
PROJECT:
Maricopa County Office
Optimization East Courts TI
TO:
Kitchell - Hayden Keilman
LOCATION:
101 W Jefferson
Phoenix, AZ
DATE:
7/29/2025
We propose to furnish all materials, equipment, and labor, subject to any exclusions listed below,
required to complete the following:
Scope of work
-Prep and paint for the partial 1st floor and the 2nd floor remodel of the East Courts builidng in
Central Phoenix
This bid includes:
- Interior drywall walls
- Drywall ceilings/soffits
- Exposed to structure ceilings
- Repaint all existing HM Doors
- Paint all existing HM Jams
- There is an Add/Alt to paint all the walls above the celing grid sytem in the remodeled area
- Touch up allotment
This bid does not include:
- Any SCW doors on door schedule
- Any of the prefinished jams on the door schedule
- Interior window jams
- Any of the newly installed suspended metal ceiling
- Any wall coverings or laminates
- Any wood ceilings
- Any other painting not identified in scope above
- Changes can be made if needed
Interior Drywall:
- All new drywall to be fully primed with PVA primer
- All drywall to receive 2 coats of finish, sprayed on.
- A final coat to be done later for all walls that will be rolled on.
- Application is to be sprayed on
- This is contingent on being able to spray prior to the installation of finish flooring and millwork
- SW Promar 200 to be the finish paints
Clouse Legacy Coatings · 339 E 10th Dr · Mesa, AZ 85210
HM Doors and Frames:
- All rust/surface contaminants to be removed
- Spot prime as needed
- 2 coats of an approved color using a urethane alkyd enamel (SW B-66)
Open celings and walls above the celing line
-This bid is contingent on us being able to do this before any finish floors are installed
-We will have to clean all the dust from the existing surfaces
-Using dryfall, we will spray the the included walls, conduit, ducting ect to proved color and
protection.
- This job will be assigned a Project Manager to ensure an open line of communication as well as
quality of work and client contentment.
- This job has been allotted 12 man days for Touch Up.
- Hotel and per diem has been included in the below price. We do lots of out of town work and we
have access to lots of guys who are willing to travel.
1.
Total Price
$36,556.00
2.
Add/Alt to paint the walls, conduit and ducting above the ceiling
grid line to the ceiling deck.
$25,490.40
Total Proposal Value:
$62,046.40
All material is guaranteed to be as specified. All work to be completed in a workmanlike manner
according to standard practices. Any alteration or deviation from above specifications involving extra
costs will be executed and will be an extra charge over and above the estimate. Our workers are fully
covered by workman's compensation insurance.
Clouse Legacy Coatings · 339 E 10th Dr · Mesa, AZ 85210
Contractor:
Karla Orozco
7/29/2025
Clouse Legacy Coatings
Date
ACCEPTANCE OF PROPOSAL:
The above prices, scope, specifications and conditions are
satisfactory and hereby accepted. You are authorized to do the work specified.
ACCEPTED BY:
5424 South 39th Street
Phoenix Arizona 85040
Office 602-424-3411
Fax 602-431-2248
Certified SBE, DBE & WBE Contractor
ROC 100810
Date: Thursday, July 31, 2025
Proposal to: Kitchell Contractors
Project: Maricopa County East Court Building
Lower Level Storage TI
1707 East Highland Suite #100
Phoenix, AZ85016
101 West Jefferson Street
Phoenix, AZ 85003
Attention: Estimating
Acknowledge Addendum: Yes
Arizona Professional Painting will perform painting at above location per plans and specifications as
follows:
Drywall Walls
Drywall Ceilings/Soffits
HM Door Frames
Provide labor, material, and equipment for the sum of $29,369.00
Exclusions:
Sales Tax – Existing Doors and Frames – Doors – Wall Graphics – Acoustic Wall Covering – Epoxy/High
Performance/Specialty Products – Caulking at Dissimilar Substrates (not painted to painted) – Overtime hours (weekends
and nights are excluded) – Touch up or repairs to our work due to damage by other trades – Proposal is subject to
change if not accepted within 60 days from bid date
Respectfully Submitted,
Ashley Pfeifle | Estimator
Cell: 602-397-0022
Office: 602-424-3411
E-mail: Ashley@azpropaint.com
1045 W. Geneva Dr. Tempe, Arizona 85282 PH: 480-890-2100 FX: 480-890-2111
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TOTAL BID AMOUNT:
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Thank you for allowing us the opportunity to provide you with this proposal. Proposal is subject to change
if not accepted within 30 days from bid date. Sales tax is not included in this proposal (unless noted). If
you have any questions or comments, please do not hesitate to call. Terms are Net 30.
NKW Inc.
Grant Rowand
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BMSI TERMS AND CONDITIONS
This Bid is subject to the following Terms and Conditions. Approval of the Bid constitutes acceptance of these
Terms and Conditions.
Payment. For standard materials, Buyer shall pay any undisputed sum within thirty (30) days following receipt of
the materials. For special order and made to order materials such as lockers, non stock toilet partitions and items
determined by BMSI to be special orders, Buyer shall pay fifty percent (50%) of the Purchase Price at the time
Buyer submits the shop drawings and the remaining undisputed balance within thirty (30) days following receipt of
the materials. For installation, Purchaser shall pay any undisputed sum within thirty (30) days following
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installation. The Purchase Price is inclusive of any sales, use or privilege tax, customs duty or import, excise tax
based on gross revenue or any similar tax or charge from the production, sale or shipment of any Goods.
Delivery. Unless otherwise noted, goods shall be shipped F.O.B. to Buyer’s designated site with title and risk of
loss or damage to pass to Buyer upon delivery. The installation will be done in a workmanlike manner and in
compliance with applicable laws and regulations. BMSI will confirm a date to begin installation with Buyer and
Buyer agrees to pay costs for rescheduling, including trip charges and costs because the installation site is not ready
or accessible.
Nonconforming Good. Buyer may inspect the goods and, with respect to nonconforming goods, return them at
Buyer’s expense or hold them at the Buyer’s risk and expense. Within a commercially reasonable time, BMSI
agrees to replace or correct defects of any rejected goods or other nonconforming goods. In the event of failure of
BMSI to replace or correct such defects, Buyer, after reasonable notice to BMSI, may make such corrections or
replace such goods and charge BMSI for the costs (not including profit or overhead) incurred by Buyer.
Proprietary Rights. Absent BMSI’s written permission, all information furnished by BMSI shall be confidential
and not disclosed to any other person, or used by Buyer for any purpose other than performing this order. In the
event BMSI devises and incorporates any new features or design into any goods made under this order, all
proprietary title and rights remain with and are reserved by BMSI.
Warranty. BMSI will provide any manufacturer warranties for the materials. ALL OTHER WARRANTIES,
EXPRESS OR IMPLIED, ARE DISCLAIMED, INCLUDING WARRANTIES OF PERFORMANCE,
MERACHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE. BMSI SHALL NOT BE LIABLE
FOR ANY INDIRECT, SPECIAL, INCIDENTAL, CONSEQUENTIAL, OR PUNITIVE DAMAGES
ARISING FROM BMSI’S PERFORMANCE OR BREACH OF ANY TERMS OF THIS AGREEMENT.
Integration. This Agreement constitutes the entire agreement and understanding between the Parties concerning
the subject matter hereof and supersedes all prior agreements, negotiations and understandings of the Parties with
respect thereto. Although Buyer may use its standard form to give any order or notice, said order or notice will be
governed by the terms and conditions of this Agreement, and any term or condition set forth in any such form
which is inconsistent with or in addition to the terms and conditions of this Agreement shall have no force or
effect.
Disputes. The parties agree to resolve by “fast track” arbitration in Hennepin County, Minnesota, any dispute
whose total value (including claims and counterclaims) is less than twenty five thousand dollars ($25,000). The
prevailing party shall be entitled to its costs and arbitration fees. Any other dispute arising from this Agreement
shall be brought in Hennepin County, Minnesota, USA, and the Parties agree to jurisdiction and venue in that
court.
Miscellaneous. This Agreement is governed by the laws of the State of Minnesota, specifically including the
provisions of the Uniform Commercial Code, without regard to conflicts of law principles. If any court of
competent jurisdiction holds any provision of this Agreement invalid or unenforceable, the other provisions or
parts thereof will remain in full force and effect. The waiver or failure of either party to exercise in any respect any
right provided for in this Agreement shall not be deemed a waiver of any further right under this Agreement.
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Bid Number: 0036827
Bid Date: 8/26/2025 12:00:00 AM
Estimator: Phil De La O
Job Name: MARICOPA COUNTY OFFICE OPTIMIZATION - EAST COURT
Location: 101 WEST JEFFERSON STREET PHOENIX, AZ 85003
Acknowledged Addendums: 12
Bidding Selections
PRODUCT
PRICE
DRAWINGS DATED 08-11-25: FURNISH AND INSTALL 13- 2" X 2" X 48" 16GA 304 # 4 AT SELECTED
CORNER MARKED CG ON PLAN PAGES A2.1 AND A2.2.
$1,850.00
Base Bid:
$1,850.00
Alternates
PRODUCT
1 ADD TO BASE BID TO FURNISH AND INSTALL 110 ADDED 2" X 2" X 48" 16GA 304 # 4 SURFACE
MOUNT STAINLESS STEEL CORNER GUARDS.
$7,150.00
2 ADD TO BASE BID TO FURNISH AND INSTALL INPRO 4" .060 RUBRAIL (ONE ROW) ON SELECTED
WALLS IN CONFERENCE ROOMS 2005 AND 2007.
$1,995.00
3 ADD TO BASE BID FOR BADGING.
$355.00
Inclusion(s)/Qualifications:
1.
This bid includes one move-in only, with work to commence uninterrupted
2.
Prices good for 30 days from date of bid
Exclusions:
DEMO
WAXING
SUBSTRATE
SPECIAL INS. (Form CG2010 11/85) ETC
REMOVING AND/OR REPLACING FIXTURES
TAX
BOND
ENVIRONMENT
LEVELING
GRINDING
WEEKENDS
COOLER/FREEZER WALLS
CLEANING
VACUUMING
OVERTIME
S.S. WALLS CORNER GUARDS
PAYMENT MANAGEMENT SOFTWARE FEES
RUBSTRIPS
The prices quoted herein are based on the current rates applicable at the time of this quote. Any changes in tariff rates,
duties, or other government-imposed fees that occur after the date of this quote and before the delivery of goods will be
the responsibility of the buyer. Northwest Floor and Wall Company reserves the right to adjust the quoted prices
accordingly to reflect any such changes.
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August 28, 2025
Kitchell Contractors
Attn: Hayden Keilman
1707 E. Highland Ave.
Phoenix, AZ 85016
Project:
Maricopa County Office Optimization – East Court TI
101 W. Jefferson St.
Phoenix, AZ 85003
Specifications:
Div 21
Addendums:
1-2
Plans Dated:
06/27/2025
We are pleased to submit the following Proposal to furnish, install, add, and relocate sprinkler heads to accommodate the new floor layout and
reflected ceiling plan in accordance with current NFPA Standards and local codes. The existing system must meet current NFPA 13 and local
code requirements:
Price
………………………………………………………………………………………………………..
$ 35,100.00
Tax
………………………………………………………………………………………………………..
$ 900.00
Total
Thirty-Six Thousand Dollars and 00/100
$ 36,000.00
Add alt for off hours
………………………………………………………………………………………………ADD: $6,240.00
Add alt for hydraulic calculations……………………………………………………………………………………………….ADD: $3,445.00
Add alt for demo trip (demo of existing drops/branch lines or mains)………………………………………………………ADD: $2,450.00 ea
Add to install head guards for demo
…………………………………………………………………………………ADD: $ 6,100.00
Add for heat shield for demo
………………………………………………………………………….……...ADD: $ 12,525.00
*Sprinkler heads will need to be removed for to add the heat shield, thus the drops will need to be drained. Price is based on using the same
head.
This Proposal is valid for thirty (30) days and carries a one (1) year warranty upon completion and is based upon the following.
CLARIFICATIONS:
Unless expressly stated in writing on the applicable order form in the Scope of Work, Client incurs all costs and charges associated with:
x
Div 21 specifications appear to apply to a brand new sprinkler system. This scope of work is limited to a tenant improvement thus much of
the specifications do not apply or should already be in place if required.
x
Bonds available at 1.5%
x
All underground/fire line work.
x
Due to the steel market volatility in the coming months vendors are warning of steel pipe shortages. This may affect future projects in
meeting schedules and/or our ability to hold pricing. All schedules and/or pricing must be discussed and coordinated prior to the project
starting. RCI will not be responsible for not meeting schedules due to steel vendor’s delays.
x
Material escalation beyond typical 3% per year.
x
Price does not include additional labor to fill sprinkler systems from a temporary water supply, including fire hydrant.
x
Seismic protection is not included.
x
Price does not include flushing of the sprinkler system.
x
Price does not include valve tags or pipe labeling.
x
Price does not include a 200-lb hydrostatic test of the fire sprinkler system.
x
Price does not include flex heads. New arm-overs and drops will be hard piped.
x
Price is based on standard wages. No Davis-Bacon or prevailing wages included.
x
The existing system must be operational and adequate to handle any and all adds and/or relocations.
x
Existing system to meet all NFPA 13, 25 and local codes.
x
Price does not include necessary overtime to meet an accelerated schedule.
x
The City of Phoenix requires approved Drawings and Permits to be on site prior to RCI Systems beginning any work.
x
Our estimated design time is 20 working days and the City of Phoenix plan review is approximately 20 working days.
6HOHFWHG7UDGH3DUWQHU
x
General Contractor and/or Architect providing files in AutoCAD format required for fire protection shop drawing preparation.
x
Price based upon adds and relocates for new walls only; all other heads to remain as is.
x
The fire sprinkler water will be drained on site; there are no contingencies for offsite disposal of the fire sprinkler water included in this price.
x
We are using material per NFPA Standards, and we have no knowledge of any restrictions or limitations to material to be used on this
project.
x
It is the responsibility of the Owner or General Contractor to warrant the work area is free of hazardous materials of any sort (asbestos,
lead, etc.). RCI Systems will not be responsible for any testing, fines, or penalties. RCI Systems will require verification prior to working on
site.
x
Upon proposal acceptance, a Prime Contractor’s Certificate (AZ FORM 5005) will be required for our records.
EXCLUSIONS: Any and all electrical and alarm wiring; painting; alarms; premium time; tax; hydraulic calculations; fire extinguishers and cabinets,
hose valve cabinets; cutting or patching, demo and make safe, painting or preparation for painting of piping; hood or cooking equipment protection;
pipe ID/Tags on sprinkler pipes; relocation of feed mains, cross mains and/or branch lines due to conflicts with other trades and ceiling elevations;
FM Global requirements; fire and sound caulking; pre-action system; testing and treatment of water supply whether new or existing for M.I.C. or
other contaminants; temporary power by others; providing hydraulic calculation plate at existing fire riser; fire hose valves; fire pump system;
FARS (Fire Fighter Air Replenishing System); shut down fees, flex heads; design that exceeds NFPA standards unless noted otherwise, plans,
permits, P.E. Stamp, in rack sprinklers, back flow preventers.
TERMS: Progress Billings; Net 30 days.
Respectfully submitted,
Jeff Little
Regional Director of Sales
708 W. 22nd St.
Tempe, Arizona 85281
623-692-0916
bradley.gross@olympicwestfire.com
AZ ROC095830 C-16 * AZ ROC 21441 C-16 * CO Bldg D-7A (FSC)-A 18709 * NV C-41-A 0042155
WA 603 559 999 * IA FES 0837 * UT 7407077 5501 * TX SCR G 2212628 * OK AC244396 * OH 53 89 1895
)LUH6SULQNOHU3URSRVDO
3URMHFW
Maricopa County Office Optimization
-XO\WK
101 W Jefferson St
Phoenix, AZ 85003
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N/A
3RLQWRI2ULJLQ
Existing Fire Sprinkler System
6FRSHRI:RUN
Rework of the existing fire sprinkler systems to bring the new layout and ceiling configurations to compliance
per NFPA-13 and City of Phoenix.
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NFPA-13 and the City of Phoenix/AHJ
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Renovation of an existing Maricopa County office
Chrome semi-recessed fire sprinkler heads to be used
Designed re-work will be submitted to the City of Phoenix
o
Deferred submittals
Threaded flex whips will be used for all pendant fire sprinkler heads
1” schedule 40 pipe
No after-hours/shift work is included in this proposal
Fire watch by others if required by the AHJ
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Any upgrades or repairs to the existing system not mentioned above
Relocation of existing mains/branch lines
Pre-Action/Dry system modification/installation
Custom color cover plates
Payment & Performance Bond
Demolition
Sales Tax
Respectfully,
%UDGOH\*URVV
Project Executive
2O\PSLF:HVW)LUH3URWHFWLRQ
623-692-0916 Cell
bradley.gross@olympicwestfire.com
Fire Sprinklers Save Lives!
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WƌŽǀŝĚĞĚŽŵĞƐƚŝĐŚŽƚ͕ĐŽůĚĂŶĚŚŽƚǁĂƚĞƌƌĞƚƵƌŶƉŝƉŝŶŐŝŶdLJƉĞ>ĐŽƉƉĞƌǁŝƚŚƐŽůĚĞƌĞĚũŽŝŶƚƐ͘WƌŽǀŝĚĞŝŶƐƵůĂƚŝŽŶ
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WƌŽǀŝĚĞĂŶĚŝŶƐƚĂůůŵĞĚŝƵŵĚƵĐƚǁŽƌŬǁŝƚŚϮ͘ϯϯdž͘ϳϱůďǁƌĂƉŝŶƐƵůĂƚŝŽŶĨŽƌƚŚĞŵĂŝŶƐƵƉƉůLJĂŝƌƚŽƚŚĞƚĞƌŵŝŶĂů
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ΎΎΎ'ZĐŽŶĚƵŝƚΘǁŝƌĞ
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ŝƐƚƌŝďƵƚŝŽŶ ƋƵŝƉŵĞŶƚ
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/ŶƐƚĂůůĂƚŝŽŶŽĨƉĂŶĞůďŽĂƌĚ
ZĞůŽĐĂƚĞ džŝƐƚŝŶŐ
/ŶƐƚĂůůĂƚŝŽŶŽĨůŽĂĚĐĞŶƚĞƌƐ
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ΎΎΎ DdĐŽŶĚƵŝƚΘǁŝƌĞ
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ǁŚŝƉƐ͕ĂŶĚĨŝŶĂůĐŽŶŶĞĐƚŝŽŶƐ
WĞƌƉůĂŶƐ
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2210 S. Roosevelt x TEMPE, AZ 85282 x PHONE: 480.858.9070 x FAX: 480.858.9067 x DPELECTRIC.COM x ROC 111176 ROC 111170 ROC 289783
DEPENDABLE PEOPLE DEPENDABLE PERFORMANCE
<ŝƚĐŚĞůůŽŶƚƌĂĐƚŽƌƐ
ƚƚŶ͗,ĂLJĚĞŶ<ĞŝůŵĂŶ
W ůĞĐƚƌŝĐ/ŶĐ͘ŝƐƉůĞĂƐĞĚƚŽƉƌŽǀŝĚĞLJŽƵǁŝƚŚĂƵĚŐĞƚWƌŽƉŽƐĂůĨŽƌƚŚĞĂďŽǀĞƌĞĨĞƌĞŶĐĞĚƉƌŽũĞĐƚ͘dŚŝƐƉƌŽƉŽƐĂůŝƐ
ďĂƐĞĚŽŶƚŚĞĞůĞĐƚƌŝĐĂůϱϬйƐĞƚĚƌĂǁŝŶŐƐĂŶĚĚĂƚĞĚϲͬϮϳͬϮϱ͘ĚĚĞŶĚƵŵηϭĚĂƚĞĚϳͬϮϵͬϮϬϮϱ͘dŚĞƉůĂŶƐĂƌĞ
ĚƌĂǁŶĂŶĚƉƌĞƉĂƌĞĚďLJt^ƌĐŚŝƚĞĐƚƐ͘
WŽǁĞƌĂŶĚ>ŝŐŚƚŝŶŐƌĂŶĐŚ
Ψ
Ϯϲϭ͕ϳϬϲ͘ϬϬ
,s
Ψ
ϱϴ͕ϯϭϳ͘ϬϬ
ŝƐƚƌŝďƵƚŝŽŶ
Ψ
ϯϯ͕ϯϰϬ͘ϬϬ
>ŝŐŚƚ&ŝdžƚƵƌĞWĂĐŬĂŐĞ
Ψ
ϮϬϬ͕ϳϳϬ͘ϬϬ
&ŝƌĞůĂƌŵĂĐŬŽŶĞ/ŶƐƚĂůůĂƚŝŽŶ
Ψ
ϱ͕ϵϬϬ͘ϬϬ
>ŽǁsŽůƚĂŐĞĂĐŬŽŶĞ/ŶƐƚĂůůĂƚŝŽŶ
Ψ
ϭϭϳ͕ϴϲϱ͘ϬϬ
ĞŵŽʹDĂŬĞ^ĂĨĞKŶůLJ
Ψ
ϵ͕ϰϮϬ͘ϬϬ
dŽƚĂůŝĚ
Ψ
ϲϴϳ͕ϯϭϴ͘ϬϬ
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ůƚĞƌŶĂƚĞͲ>ŽǁsŽůƚĂŐĞ
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ϯϰϳ͕ϯϳϬ͘ϬϬ
Inclusions:
&ƵƌŶŝƐŚĞůĞĐƚƌŝĐĂůŵĂŬĞƐĂĨĞĨŽƌĞŶƚŝƌĞƐƵŝƚĞĨŽƌƉƌĞƉĂƌĂƚŝŽŶŽĨƚŚĞĚĞŵŽĐŽŵƉĂŶLJ͘
Ϯ͘ĞŵŽĞdžŝƐƚŝŶŐϭƐƚĨůŽŽƌĞůĞĐƚƌŝĐĂůƉĂŶĞů;ϭͿ͕ƚƌĂŶƐĨŽƌŵĞƌ;ϭͿ͕ĨĞĞĚĞƌĐŽŶĚƵŝƚ͕ƉĞƌƉůĂŶ Ϯ͘ϭ͘
ϯ͘ĞŵŽĞdžŝƐƚŝŶŐϮŶĚĨůŽŽƌĞůĞĐƚƌŝĐĂůƉĂŶĞůƐ;ϯͿ͕ũĂŶŝƚŽƌƐƌŽŽŵĂŶĚƐƚŽƌĂŐĞƌŽŽŵ͕ƚƌĂŶƐĨŽƌŵĞƌ;ϮͿ͕ĨĞĞĚĞƌĐŽŶĚƵŝƚ͕ƉĞƌƉůĂŶ Ϯ͘ϭ͘
ϰ͘ZĞůŽĐĂƚĞĂŶĚŝŶƐƚĂůů;ϭͿĞůĞĐƚƌŝĐĂůƉĂŶĞůƚŽƚŚĞŶĞǁĞůĞĐƚƌŝĐƌŽŽŵůŽĐĂƚĞĚŽŶƚŚĞϭƐƚĨůŽŽƌƉĞƌƉůĂŶ ϲ͘ϭĂŶĚĚĚĞŶĚƵŵηϮ͘
ϱ͘ZĞůŽĐĂƚĞĞdžŝƐƚŝŶŐƚƌĂŶƐĨŽƌŵĞƌ;ϭͿͿƚŽŶĞǁĞůĞĐƚƌŝĐƌŽŽŵůŽĐĂƚĞĚŽŶƚŚĞϭƐƚĨůŽŽƌƉĞƌƉůĂŶ ϲ͘ϭĂŶĚĚĚĞŶĚƵŵηϮ͘
ϲ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůůŶĞǁĨĞĞĚĞƌĐŽŶĚƵŝƚĨƌŽŵƚŚĞĞdžŝƐƚŝŶŐďƵƐƐĚƵĐƚƚŽƚŚĞƚƌĂŶƐĨŽƌŵĞƌůŽĐĂƚĞĚŝŶƚŚĞϭƐƚĨůŽŽƌĞůĞĐƚƌŝĐƌŽŽŵƉĞƌƉůĂŶ ϲ͘ϭĂŶĚ
ĚĚĞŶĚƵŵηϮ͘
ϳ͘ZĞůŽĐĂƚĞĂŶĚŝŶƐƚĂůů;ϯͿĞůĞĐƚƌŝĐĂůƉĂŶĞůƐĂŶĚƚŽŶĞǁĞůĞĐƚƌŝĐƌŽŽŵůŽĐĂƚĞĚŽŶƚŚĞϮŶĚĨůŽŽƌƉĞƌƉůĂŶ ϲ͘ϭĂŶĚĚĚĞŶĚƵŵηϮ͘
ϴ͘&ƵƌŶŝƐŚĂŶĚ/ŶƐƚĂůů;ϮͿϰϱ<sƚƌĂŶƐĨŽƌŵĞƌƐŝŶƚŚĞϮŶĚĨůŽŽƌĞůĞĐƚƌŝĐƌŽŽŵƉĞƌƉůĂŶ ϲ͘ϭĂŶĚĚĚĞŶĚƵŵηϮ͘
ϵ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůů;ϮͿŶĞǁĨĞĞĚĞƌĐŽŶĚƵŝƚĨƌŽŵƚŚĞĞdžŝƐƚŝŶŐďƵƐƐĚƵĐƚƚŽƚŚĞƚƌĂŶƐĨŽƌŵĞƌ͛ƐůŽĐĂƚĞĚŝŶƚŚĞϮŶĚĨůŽŽƌĞůĞĐƚƌŝĐƌŽŽŵƉĞƌƉůĂŶ
ϲ͘ϭĂŶĚĚĚĞŶĚƵŵηϮ͘
ϭϬ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůůϭƐƚĨůŽŽƌůŝŐŚƚĨŝdžƚƵƌĞƐĂŶĚůŝŐŚƚŝŶŐĐŽŶƚƌŽůƐƉĞƌƉůĂŶ >ϯ͘ϭĂŶĚ ϳ͘ϭůŝŐŚƚŝŶŐƐĐŚĞĚƵůĞ͘
ϭϭ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůůϮŶĚĨůŽŽƌůŝŐŚƚĨŝdžƚƵƌĞƐĂŶĚůŝŐŚƚŝŶŐĐŽŶƚƌŽůƐƉĞƌƉůĂŶ >ϯ͘ϮĂŶĚ ϳ͘ϭůŝŐŚƚŝŶŐƐĐŚĞĚƵůĞ͘
ϭϮ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůůϭƐƚĨůŽŽƌƌĞĐĞƉƚĂĐůĞƐƉĞƌƉůĂŶ :Ϯ͘ϭ͘
ϭϯ͘/ŶƐƚĂůůƉŽǁĞƌƉŽůĞƐĨƵƌŶŝƐŚĞĚďLJŽƚŚĞƌƐƉĞƌƉůĂŶƐ :Ϯ͘ϭĂŶĚ :Ϯ͘Ϯ͘
ϭϰ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůůϮŶĚĨůŽŽƌƌĞĐĞƉƚĂĐůĞƐĂŶĚĨůŽŽƌďŽdžĞƐƉĞƌƉůĂŶ :Ϯ͘Ϯ͘
ϭϱ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůůϭƐƚĂŶĚϮŶĚĨůŽŽƌƉŽǁĞƌĂŶĚůŝŐŚƚŝŶŐďƌĂŶĐŚĐŝƌĐƵŝƚƐƉĞƌƉůĂŶƐ >ϯ͘ϭ͕ >ϯ͘Ϯ͕ :Ϯ͘ϭ͕ĂŶĚ :Ϯ͘Ϯ͘
ϭϲ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůůĐŽŶĚƵŝƚ͕ǁŝƌĞĂŶĚĚŝƐĐŽŶŶĞĐƚƐĂŶĚĨŝŶĂůĐŽŶŶĞĐƚŝŽŶƐƚŽƚŚĞϭƐƚĨůŽŽƌĂŶĚƐĞĐŽŶĚĨůŽŽƌ,sƵŶŝƚƐƉĞƌƉůĂŶ WϮ͘ϭĂŶĚ
WϮ͘Ϯ͘
ϭϳ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůůϭƐƚĨůŽŽƌĨŝƌĞĂůĂƌŵďĂĐŬďŽdžĞƐƉĞƌƉůĂŶ&Ϯ͘ϭ͘
ϭϴ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůůϮŶĚĨůŽŽƌĨŝƌĞĂůĂƌŵďĂĐŬďŽdžĞƐƉĞƌƉůĂŶ&Ϯ͘Ϯ͘
ϭϵ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůůϭƐƚĨůŽŽƌůŽǁǀŽůƚďĂĐŬďŽdžĞƐǁŝƚŚĐŽŶĚƵŝƚƐƚƵďƵƉƚŽĂĐĐĞƐƐŝďůĞĐĞŝůŝŶŐƐĂŶĚĐĞŝůŝŶŐďĂĐŬďŽdžĞƐĨŽƌtWĂŶĚƉĞƌƉůĂŶdϮ͘ϭ͘
ϮϬ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůůϮŶĚĨůŽŽƌůŽǁǀŽůƚďĂĐŬďŽdžĞƐǁŝƚŚĐŽŶĚƵŝƚƐƚƵďƵƉƚŽĂĐĐĞƐƐŝďůĞĐĞŝůŝŶŐƐĂŶĚĐĞŝůŝŶŐďĂĐŬďŽdžĞƐĨŽƌtWĂŶĚƉĞƌƉůĂŶ
dϮ͘Ϯ͘
Ϯϭ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůůϮŶĚĨůŽŽƌĐĂďůĞƚƌĂLJĂŶĚĐĂďůĞƚƌĂLJŐƌŽƵŶĚŝŶŐƉĞƌƉůĂŶdϮ͘ϮĂŶĚĚĞƚĂŝůdϱ͘Ϯ͘
ϮϮ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůůĞŵƉƚLJůŽǁǀŽůƚĂŐĞĐŽŶĚƵŝƚƐůĞĞǀĞƐƉĞƌƉůĂŶdϮ͘Ϯ
Ϯϯ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůů ƉĂƚŚǁĂůůďƌĂĐŬĞƚƐĂŶĚƐůĞĞǀĞƐƉĞƌƉůĂŶdϮ͘ϮĂŶĚĚĞƚĂŝůdϱ͘ϭ͘
Ϯϰ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůůĐŽŶĚƵŝƚĂŶĚďĂĐŬďŽdžĞƐĨŽƌĚŽŽƌŽƉĞŶĞƌƐĂĚĐĂƌĚƌĞĂĚĞƌƐƉĞƌƉůĂŶdϮ͘Ϯ͘
Ϯϱ͘&ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůůĨŝƌĞĂůĂƌŵƐLJƐƚĞŵĨŽƌĨŝƌƐƚĂŶĚƐĞĐŽŶĚĨůŽŽƌĂƌĞĂƐŽĨƐĐŽƉĞ͘ůŝŵĂƚĞĐYƵŽƚĞ͘
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2210 S. Roosevelt x TEMPE, AZ 85282 x PHONE: 480.858.9070 x FAX: 480.858.9067 x DPELECTRIC.COM x ROC 111176 ROC 111170 ROC 289783
DEPENDABLE PEOPLE DEPENDABLE PERFORMANCE
Ϯϲ͘&ƵƌŶŝƐŚĂůƚĞƌŶĂƚĞͲ>ŽǁǀŽůƚƐLJƐƚĞŵ͕ƌĂĐŬƐ͕ĐĂƚͲϲĂŶĚĨŝďĞƌ͕ƉĞƌƚĞĐŚƉůĂŶƐ͘
Ϯϳ͘ĂĚŐŝŶŐŝŶĐůƵĚĞĚ͘
Ϯϴ͘EŝŐŚƚǁŽƌŬƐĐŚĞĚƵůĞ͘
Ϯϵ͘dŚŝƐƉƌŽƉŽƐĂůŝƐďĂƐĞĚŽĨĨϱϬйĚƌĂǁŝŶŐƐ͘WƌŝĐĞŝƐƐƵďũĞĐƚĞĚƚŽĐŚĂŶŐĞĚǁŚĞŶƚŚĞϭϬϬйĚƌĂǁŝŶŐƐĂƌĞƉƌŽǀŝĚĞĚ͘
Qualification Notes:
ϭ͘
dŚŝƐƉƌŽƉŽƐĂůŝƐďĂƐĞĚŽŶĂŶŝŐŚƚǁŽƌŬƐĐŚĞĚƵůĞDŽŶĚĂLJƚŚƌŽƵŐŚ&ƌŝĚĂLJ͘ϴŚŽƵƌƐƉĞƌĚĂLJ͘
Ϯ͘
W ŝƐŶŽƚƌĞƐƉŽŶƐŝďůĞĨŽƌůŽŶŐůĞĂĚƚŝŵĞƐ͘
ϯ͘
'ƐŚĂůůƉƌŽǀŝĚĞƚŚĞdĂdžͲ džĞŵƉƚ&ŽƌŵϱϬϬϱƚŽW ůĞĐƚƌŝĐ͘ůůdĂdžĞƐĂƌĞĞdžĐůƵĚĞĚ͘
ϰ͘
dŚŝƐƉƌŽƉŽƐĂůŝƐǀĂůŝĚĨŽƌ;ϯϬͲĚĂLJƐͿŽŶůLJ͘;ƐĞĞŵĂƚĞƌŝĂůĞƐĐĂůĂƚŝŽŶŶŽƚĞĂƚƚŚĞĞŶĚŽĨƚŚŝƐƉƌŽƉŽƐĂůͿ
Exclusions:
ϭ͘
džŝƐƚŝŶŐĞůĞĐƚƌŝĐĂůĚŝƐƚƌŝďƵƚŝŽŶƐLJƐƚĞŵ͘
Ϯ͘
WŽǁĞƌƉŽůĞƐ͘&ƵƌŶŝƐŚĞĚďLJŽƚŚĞƌƐ͘
ϯ͘
ƵƐƚĐŽŶƚƌŽů͘WůĂƐƚŝĐďĂƌƌŝĞƌƐĂŶĚƚĞŶƚƐ͘/<ZƚĞŶƚŝƐŶŽƚŶĞĞĚĞĚ͘
ϰ͘
ŶLJĞdžŝƐƚŝŶŐĚĞĨŝĐŝĞŶĐŝĞƐƚŽĞdžŝƐƚŝŶŐůŝŐŚƚŶŝŶŐƉƌŽƚĞĐƚŝŽŶƐLJƐƚĞŵ͘
ϱ͘
ůůŽǀĞƌƚŝŵĞŽƌĂĨƚĞƌŚŽƵƌƐǁŽƌŬ͘
ϲ͘
ůůƉƌĞͲĞdžŝƐƚŝŶŐĐŽŶĚŝƚŝŽŶƐŽƌĐŽĚĞǀŝŽůĂƚŝŽŶƐ͘
ϳ͘
ZĞƉůĂĐĞŵĞŶƚŽĨĂůůĞdžŝƐƚŝŶŐůĂŵƉƐ͕ďĂůůĂƐƚƐ͕ĞŵĞƌŐĞŶĐLJƉĂĐŬƐŽƌĐůĞĂŶŝŶŐŽĨƚŚĞĞdžŝƐƚŝŶŐůŝŐŚƚĨŝdžƚƵƌĞƐ͘
ϴ͘
ZĞŵŽǀĂůͬŝƐƉŽƐĂůŽĨƚŚĞĞůĞĐƚƌŝĐĂůĞƋƵŝƉŵĞŶƚƚŽďĞƉĞƌĨŽƌŵĞĚďLJŽƚŚĞƌƐ͕ƚŚŝƐƉƌŽƉŽƐĂůŝƐďĂƐĞĚŽŶŵĂŬĞƐĂĨĞŽŶůLJ͘
ϵ͘
ƌLJƵƚŝůŝƚŝĞƐͬdĞůͬ͘ĂƚĂͬ&ŝďĞƌͬsͬ^ĞĐƵƌŝƚLJͬdsͬ^ŽƵŶĚDĂƐŬŝŶŐͬWͬ&ŝƌĞůĂƌŵͬůů^ƉĞĐŝĂů^LJƐƚĞŵƐͬEƵƌƐĞĐĂůůƉĂƌƚƐ͘
ϭϬ͘ ůůƚĞŵƉŽƌĂƌLJƉŽǁĞƌŽƌůŝŐŚƚŝŶŐ;ŝƐĂǀĂŝůĂďůĞƵƉŽŶƌĞƋƵĞƐƚͿ͘
ϭϭ͘ ůůD^ĂŶĚ D^^LJƐƚĞŵƐŝŶŝƚƐĞŶƚŝƌĞ͘
ϭϮ͘ ZŽŽĨũĂĐŬƐΘƌŽŽĨƉĂƚĐŚ͘
ϭϯ͘ ůůĞŶŐŝŶĞĞƌŝŶŐͬĨĞĞƐ͕ƉĞƌŵŝƚƐͬĨĞĞƐ͕ƐƉĞĐŝĂůŝŶƐƉĞĐƚŝŽŶĨĞĞƐ͕ƵƚŝůŝƚLJĨĞĞƐ͘
ϭϰ͘ ůůďŝĚďŽŶĚƐ͘
ϭϱ͘ ůůĐŽŽƌĚŝŶĂƚŝŽŶŽƌůŽĂĚƐƚƵĚŝĞƐ͘
ϭϲ͘ ůůƌLJtĂůůƵƚƚŝŶŐĂŶĚWĂƚĐŚŝŶŐͬWĂŝŶƚŝŶŐ͘
ϭϳ͘ ůůůŝƋƵŝĚĂƚĞĚĚĂŵĂŐĞƐ͘
Insurance, Warranty & Spares:
IProposal includes the basic “Additional Insured” insurance for GC & project owner IProposal includes (1) year warranty and (2) year
workmanship IDP Electric will only transfer the manufacturer’s warranties to Owner.
Material Escalation:
$Q\PDWHULDOHVFDODWLRQWKDWH[FHHGVIURPWKHGDWHRIWKLVSURSRVDOIRUWKHHOHFWULFDOURXJKPDWHULDOVVKDOOEHFRQVLGHUHGDVDGGLWLRQDOFRVWWR
WKHSURMHFWDQGVKDOOEHELOOHGDVPDWHULDOHVFDODWLRQFKDQJHRUGHU7KLVLVGXHWRYRODWLOLW\LQSULFHRIVWHHO FRSSHU
Brian Clark
Project Manager
D: 480-826-2118
O: 480-858-9070
F: 480-858-9067
brian.clark@dpelectric.com
WƌŽũĞĐƚ͗DĂƌŝĐŽƉĂŽƵŶƚLJKĨĨŝĐĞKƉƚŝŵŝnjĂƚŝŽŶ ĂƐƚŽƵƌƚd/
WŽƐƚ
ŽŵƉĂŶLJ
ŽŵŵĞŶƚ
YƚLJ
hŶŝƚ
hŶŝƚWƌŝĐĞ
<ŝƚĐŚĞůůƵĚŐĞƚ
ĂďůĞ^ŽůƵƚŝŽŶƐ
ƐƉĞŶdĞĐŚͲϱϬй
ůĂĐŬŽdž
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dĞůdĞĐŚ
ĂƚĂ>ŝŶŬ
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Ϭ
ϭϲϴ͕ϱϮϬ
ϭϳϴ͕ϯϭϱ ŶŽƚďŝĚĚŝŶŐ
ŶŽƚďŝĚĚŝŶŐ
ŶŽƚďŝĚĚŝŶŐ
ŶŽƚďŝĚĚŝŶŐ
ĞŵŽ
Ϭ ǁͬ'DWϬϭ
ĞdžĐůƵĚĞĚ
,ŽƌŝnjŽŶƚĂůŽŵŵĂďůŝŶŐ;tŽƌŬƐƚĂƚŝŽŶƐ͕tWΘdsͿ
Ϭ ŝŶĐůƵĚĞĚ
ŝŶĐůƵĚĞĚ
ĂŵĞƌĂĂďĞůŝŶŐ
Ϭ ŝŶĐůƵĚĞĚ
Ϯ͕ϱϬϬ
dĞƌŵŝŶĂƚŝŽŶ:ĂĐŬƐ
Ϭ ŝŶĐůƵĚĞĚ
ŝŶĐůƵĚĞĚ
D&ͬ/&ZŽŽŵ
ϭƐƚΘϮŶĚ&ůŽŽƌ
Ϭ ŝŶĐůƵĚĞĚ
ŝŶĐůƵĚĞĚ
ϭƐƚ&ůŽŽƌ
ϭ
ĞĂ
Ϭ ŝŶĐůƵĚĞĚ
ƵŶƌĞƐƉŽŶƐŝǀĞ
WĂƚĐŚWĂŶĞůƐ
Ϭ ŝŶĐůƵĚĞĚ
ŝŶĐůƵĚĞĚ
ƋƵŝƉŵĞŶƚZĂĐŬƐΘĂďůĞdƌĂLJ
Ϭ ĞdžĐůƵĚĞĚ͕ĂƐƐƵŵĞĞdžŝŶĐůƵĚĞĚ
'ƌŽƵŶĚtŝƌĞĂƚZĂĐŬƐ
Ϭ ĞdžĐůƵĚĞĚ͕ĂƐƐƵŵĞĞdžŝŶĐůƵĚĞĚ
^ůĞĞǀŝŶŐͬ WĂƚŚ
Ϭ ǁͬ ůĞĐƚƌŝĐĂů
ƵŶƌĞƐƉŽŶƐŝǀĞ
ϮŶĚ&ůŽŽƌ
ϭ
ĞĂ
Ϭ ŝŶĐůƵĚĞĚ
ƵŶƌĞƐƉŽŶƐŝǀĞ
WĂƚĐŚWĂŶĞůƐ
Ϭ ŝŶĐůƵĚĞĚ
ŝŶĐůƵĚĞĚ
ƋƵŝƉŵĞŶƚZĂĐŬƐΘĂďůĞdƌĂLJ
Ϭ ŝŶĐůƵĚĞĚ
ŝŶĐůƵĚĞĚ
'ƌŽƵŶĚtŝƌĞĂƚZĂĐŬƐ
Ϭ ŝŶĐůƵĚĞĚ
ŝŶĐůƵĚĞĚ
^ůĞĞǀŝŶŐͬ WĂƚŚ
Ϭ ǁͬ ůĞĐƚƌŝĐĂů
ƵŶƌĞƐƉŽŶƐŝǀĞ
ĂĐŬďŽŶĞĂďůŝŶŐĞƚǁĞĞŶ/&ΖƐΘD&
Ϭ ŝŶĐůƵĚĞĚ
ϭϬ͕ϬϬϬ
Ϭ
Ϭ
EŝŐŚƚǁŽƌŬ
Ϭ ŝŶĐůƵĚĞĚ
ĞdžĐůƵĚĞĚ
Ϭ
Ϭ
Ϭ
Ϭ
Ϭ
Ϭ
/ŶĐŝĚĞŶƚĂůƐ͗
Ϭ
WŽůůƵƚŝŽŶ/ŶƐƵƌĂŶĐĞ
ŚĞĐŬ>/W͕ŽƌĞĚŽĐƵŵĞŶƚŝĨƌĞƋΖĚ͘
Ϭ
WƌŽĨĞƐƐŝŽŶĂů/ŶƐƵƌĂŶĐĞ
ŚĞĐŬ>/W͕ŽƌĞĚŽĐƵŵĞŶƚŝĨƌĞƋΖĚ͘
Ϭ
Ϭ
Ϭ
Ϭ
Ϭ
Ϭ
^ƵďƚŽƚĂů'DWϮ
ΨϬ
Ψϭϲϴ͕ϱϮϬ
ΨϭϵϬ͕ϴϭϱ
ΨϬ
ΨϬ
ΨϬ
ΨϬ
ΨϬ
ϮϳϬϬϬϬͲŽŵŵƵŶŝĐĂƚŝŽŶƐ
&ŝůĞ͗DĂƌŝĐŽƉĂKĨĨŝĐĞKƉƚŝŵŝnjĂƚŝŽŶͺ ĂƐƚŽƵƌƚd/ͺϭϬϬй ƐƚŝŵĂƚĞͺĐƵƌƌĞŶƚ
WƌŝŶƚĂƚĞ͗ϵͬϭϴͬϮϬϮϱ
WĂŐĞϭϮŽĨϭϯ
ϮϳͲŽŵŵƵŶŝĐĂƚŝŽŶƐ
ϭͮW Ă Ő Ğ
ϮϰϲϭEŽƌƚŚƌŝnjŽŶĂǀĞ͘
ŚĂŶĚůĞƌ͕ƌŝnjŽŶĂϴϱϮϮϱ
;ϰϴϬͿϵϲϴͲϴϲϬϭWŚŽŶĞ
;ϰϴϬͿϵϲϴͲϴϱϳϬ&Ădž
ǁǁǁ͘/ŶƐƚƌĂƚĂ͘ĐŽŵ
ƵŐƵƐƚϮϱ͕ϮϬϮϱ
Ɛƚ͘ηϮϱͲ^tͲϬϭϳϯZĞǀϭ
,ĂLJĚĞŶ<ĞŝůŵĂŶ
<ŝƚĐŚĞůůŽŶƚƌĂĐƚŽƌƐ
sŝĂĞŵĂŝůƚŽ͗ŚŬĞŝůŵĂŶΛŬŝƚĐŚĞůů͘ĐŽŵ
ZĞĨĞƌĞŶĐĞ͗ ĂƐƚŽƵƌƚd/ƉƌŽũĞĐƚůŽĐĂƚĞĚĂƚϭϬϭt:ĞīĞƌƐŽŶ^ƚƌĞĞƚŝŶWŚŽĞŶŝdž͕͘
/ŶƌĞƐƉŽŶƐĞƚŽƚŚĞƌĞƋƵĞƐƚĨŽƌĂƉƌŽƉŽƐĂů͕/ŶƐƚƌĂƚĂŝƐŚĂƉƉLJƚŽƉƌĞƐĞŶƚĂƉƌŽƉŽƐĂůĨŽƌƚŚĞĨŽůůŽǁŝŶŐƐLJƐƚĞŵƐ͘
ϭ͘ &ŝƌƐƚ&ůŽŽƌ
Ϯ͘ ^ĞĐŽŶĚ&ůŽŽƌ
WƌŽũĞĐƚWƌŝĐŝŶŐŝƐĂƐĨŽůůŽǁƐ͗
>ĂďŽƌ
DĂƚĞƌŝĂů
dĂdž
dĞdžƚƵƌĂ
dŽƚĂů
&ŝƌƐƚ&ůŽŽƌ
ΨϭϬ͕Ϭϵϲ͘ϳϱ
Ψϲ͕ϱϳϬ͘ϱϮ
ΨϬ͘ϬϬ
Ψϯϲ͘ϯϳ
Ψϭϲ͕ϳϬϯ͘ϵϰ
^ĞĐŽŶĚ&ůŽŽƌ
Ψϴϳ͕ϳϵϮ͘ϱϳ
Ψϲϯ͕ϲϵϬ͕ϲϱ
ΨϬ͘ϬϬ
Ψϯϯϯ͘Ϯϲ
Ψϭϱϭ͕ϴϭϲ͘ϰϴ
dŽƚĂůƐ
Ψϵϳ͕ϴϴϵ͘ϯϮ
ΨϳϬ͕Ϯϲϭ͘ϭϳ
ΨϬ͘ϬϬ
Ψϯϲϵ͘ϵϯ
Ψϭϲϴ͕ϱϮϬ͘ϰϮ
KƉƟŽŶʹĂƚĞŐŽƌLJϲĐĂďůŝŶŐĨŽƌĐĂŵĞƌĂƐŝŶƐƚĞĂĚŽĨĂƚĞŐŽƌLJϲʹĂĚĚΨϭ͕ϵϴϮ͘ϬϮ
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dŚŝƐƉƌŽƉŽƐĂůĚŽĞƐŶŽƚŝŶĐůƵĚĞƉƌĞǀĂŝůŝŶŐǁĂŐĞƐ͘
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dŚŝƐƉƌŽƉŽƐĂůƌĞŇĞĐƚƐǁŽƌŬƚŽďĞĚŽŶĞĂŌĞƌŶŽƌŵĂůďƵƐŝŶĞƐƐŚŽƵƌƐ;ϱWDͲϱDͿ
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ůůĂĐƟǀĞ ƋƵŝƉŵĞŶƚĂŶĚ^ŽŌǁĂƌĞŚĂƐďĞĞŶĞdžĐůƵĚĞĚ͕ƵŶůĞƐƐƐƉĞĐŝĮĐĂůůLJŝĚĞŶƟĮĞĚŝŶƚŚŝƐƉƌŽƉŽƐĂů͘
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WĞƌŵŝƚĨĞĞƐĂƌĞŶŽƚŝŶĐůƵĚĞĚŝŶƚŚŝƐƉƌŽƉŽƐĂů͘
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/ŶƐƚƌĂƚĂǁŝůůǁĂƌƌĂŶƚƚŚĞĐĂďůĞƉůĂŶƚƚŚĂƚĨĂůůƐǁŝƚŚŝŶƚŚĞƉƌŽũĞĐƚĂƌĞĂĨŽƌ;ϭͿLJĞĂƌ͘
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WƵƌĐŚĂƐĞKƌĚĞƌǁŝůůďĞƌĞƋƵŝƌĞĚƉƌŝŽƌƚŽƚŚĞƉůĂĐĞŵĞŶƚŽĨĂŶLJŵĂƚĞƌŝĂůŽƌĚĞƌƐĂŶĚĚŝƐƉĂƚĐŚŝŶŐŽĨůĂďŽƌ͘
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WůĞĂƐĞƐĞŶĚĂůůWƵƌĐŚĂƐĞKƌĚĞƌƐƚŽƐǁĂƌΛŝŶƐƚƌĂƚĂ͘ĐŽŵ
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WƌŝĐĞsĂůŝĚŝƚLJůĂƵƐĞ
o ƵĞƚŽŵĂƌŬĞƚǀŽůĂƟůŝƚLJ͕ƉŽƚĞŶƟĂůƚĂƌŝīƐ͕ĂŶĚŇƵĐƚƵĂƟŽŶƐŝŶŵĂƚĞƌŝĂůĐŽƐƚƐ͕ƚŚŝƐƉƌŽƉŽƐĂůŝƐǀĂůŝĚƵŶƟů
ϵͲϮϱͲϮϬϮϱŌĞƌƚŚŝƐĚĂƚĞ͕ŵĂƚĞƌŝĂůƉƌŝĐŝŶŐŝƐƐƵďũĞĐƚƚŽƌĞǀŝĞǁĂŶĚĂĚũƵƐƚŵĞŶƚďĂƐĞĚŽŶĐƵƌƌĞŶƚŵĂƌŬĞƚ
ĐŽŶĚŝƟŽŶƐ͘ƌĞǀŝƐĞĚƉƌŽƉŽƐĂůŵĂLJďĞƌĞƋƵŝƌĞĚƚŽƌĞŇĞĐƚƵƉĚĂƚĞĚĐŽƐƚƐďĞĨŽƌĞƉƌŽĐĞĞĚŝŶŐ
ĞƚĂŝůĞĚ^ĐŽƉĞŽĨtŽƌŬ͕ŝůůŽĨDĂƚĞƌŝĂůƐ͕ džĐůƵƐŝŽŶƐƐƐƵŵƉƟŽŶƐůĂƌŝĮĐĂƟŽŶƐ͕ĂŶĚdĞƌŵƐĂŶĚŽŶĚŝƟŽŶƐĂƐĨŽůůŽǁƐ͗
6HOHFWHG7UDGH3DUWQHU
ϮͮW Ă Ő Ğ
^ĐŽƉĞŽĨtŽƌŬʹĂƚĞŐŽƌLJϲͬϲtŽƌŬƐƚĂƚŝŽŶƐ͗
ϭ͘ &ŝƌƐƚ&ůŽŽƌ
Ă͘ ;ϮͿ^ŝŶŐůĞĂƚĞŐŽƌLJϲĐĂŵĞƌĂůŽĐĂƚŝŽŶƐ
ď͘ ;ϮͿ^ŝŶŐůĞĂƚĞŐŽƌLJϲŝŶƚĞƌĐŽŵůŽĐĂƚŝŽŶƐ
Đ͘ ;ϳͿƵĂůĂƚĞŐŽƌLJϲĨĂĐĞƉůĂƚĞůŽĐĂƚŝŽŶƐ
Ě͘ ;ϭϲͿdƌŝĂƚĞŐŽƌLJϲĨĂĐĞƉůĂƚĞůŽĐĂƚŝŽŶƐ
Ğ͘ ;ϭͿƵĂůĂƚĞŐŽƌLJϲĚŝƐƉůĂLJůŽĐĂƚŝŽŶ
Ĩ͘ ;ϮͿƵĂůĂƚĞŐŽƌLJϲtWůŽĐĂƚŝŽŶƐ
Ő͘ ůůĂƐƐŽĐŝĂƚĞĚĐĂďůŝŶŐ͕ƚĞƌŵŝŶĂƚŝŽŶƐ͕ĂŶĚƚĞƐƚŝŶŐ͘
Ϯ͘ ^ĞĐŽŶĚ&ůŽŽƌ
Ă͘ ;ϭϬͿ^ŝŶŐůĞĂƚĞŐŽƌLJϲĐĂŵĞƌĂůŽĐĂƚŝŽŶƐ
ď͘ ;ϭϱͿƵĂůĂƚĞŐŽƌLJϲĨĂĐĞƉůĂƚĞůŽĐĂƚŝŽŶƐ
Đ͘ ;ϲϭͿdƌŝĂƚĞŐŽƌLJϲĨĂĐĞƉůĂƚĞůŽĐĂƚŝŽŶƐ
Ě͘ ;ϵϴͿdƌŝĂƚĞŐŽƌLJϲĨƵƌŶŝƚƵƌĞůŽĐĂƚŝŽŶƐ
Ğ͘ ;ϮͿYƵĂĚĂƚĞŐŽƌLJϲĨůŽŽƌďŽdžůŽĐĂƚŝŽŶƐ
Ĩ͘ ;ϱͿƵĂůĂƚĞŐŽƌLJϲĚŝƐƉůĂLJůŽĐĂƚŝŽŶƐ
Ő͘ ;ϰͿƵĂůĂƚĞŐŽƌLJϲtWůŽĐĂƚŝŽŶƐ
Ś͘ ůůĂƐƐŽĐŝĂƚĞĚĐĂďůŝŶŐ͕ƚĞƌŵŝŶĂƚŝŽŶƐ͕ĂŶĚƚĞƐƚŝŶŐ͘
^ĐŽƉĞŽĨtŽƌŬͲůŽƐĞƚƵŝůĚŽƵƚ;&ŝƌƐƚ>ĞǀĞůͿ͗
ϭ͘ ĂďůŝŶŐǁŝůůŽƌŝŐŝŶĂƚĞĨƌŽŵƚŚĞĞdžŝƐƚŝŶŐ/&ŽŶ>ĞǀĞůŽŶĞ
Ϯ͘ ĚĚŝŶŐƉĂƚĐŚƉĂŶĞůƐĂƐŶĞĞĚĞĚĨŽƌŶĞǁĐĂďůŝŶŐ͘
ϯ͘ ZĂĐŬƐĂŶĚĐĂďůĞŵĂŶĂŐĞŵĞŶƚŝƐĂƐƐƵŵĞĚƚŽĞdžŝƐƚ͘
ϰ͘ 'ƌŽƵŶĚŝŶŐŽĨ/&ŝƐĂƐƐƵŵĞĚƚŽĞdžŝƐƚ͘
ϱ͘ ^ůĞĞǀŝŶŐĂƐŶĞĐĞƐƐĂƌLJ͕ƵƉƚŽ;ϮͿƚǁŽǁĂůůƉĞŶĞƚƌĂƚŝŽŶƐƉĞƌĐůŽƐĞƚ͘
^ĐŽƉĞŽĨtŽƌŬͲůŽƐĞƚƵŝůĚŽƵƚ;^ĞĐŽŶĚ>ĞǀĞůͿ͗
ϭ͘ KŶĞ;ϭͿ/&Ɛ
Ϯ͘ ;ϯͿϳ͛ĚĂƚĂƌĂĐŬƐŝŶĞĂĐŚ/&͘
ϯ͘ ϲ͟ĂŶĚϭϬ͟sĞƌƚŝĐĂůͲƐŝĚĞǁŝƌĞŵĂŶĂŐĞƌƐŽŶͬďĞƚǁĞĞŶĞĂĐŚZĂĐŬ͘
ϰ͘ ,ŽƌŝnjŽŶƚĂůǁŝƌĞŵĂŶĂŐĞŵĞŶƚĂƐƌĞƋƵŝƌĞĚĨŽƌƉĂƚĐŚƉĂŶĞůĐŽƵŶƚƐ͘
ϱ͘ ϭϮ͟džϰ͟ĂƐŬĞƚƚƌĂLJŝŶƐŝĚĞƚŚĞ/&ƌŽŽŵƐǁŝƚŚƐƵƉƉŽƌƚŚĂƌĚǁĂƌĞ͘
ϲ͘ ŽŵƉůĞƚĞŐƌŽƵŶĚŝŶŐƐLJƐƚĞŵŝŶ/&ĨƌŽŵd'ƚŽƌĂĐŬƐͬůĂĚĚĞƌƌĂĐŬƐ͘
ϳ͘ dĞůĞĐŽŵŵƵŶŝĐĂƚŝŽŶƐ'ƌŽƵŶĚŝŶŐĂĐŬďŽŶĞƚŽďĞƉƌŽǀŝĚĞĚďLJŽƚŚĞƌƐ͘
ϴ͘ ^ůĞĞǀŝŶŐĂƐŶĞĐĞƐƐĂƌLJ͕ƵƉƚŽ;ϲͿĨŽƵƌǁĂůůƉĞŶĞƚƌĂƚŝŽŶƐƉĞƌĐůŽƐĞƚĂƐŝŶĚŝĐĂƚĞĚŽŶƐŚĞĞƚdϰ͘ϭ
^ĐŽƉĞŽĨtŽƌŬͲWĂƚĐŚŽƌĚƐ͗
ϭ͘ ĂƚĞŐŽƌLJϲƉĂƚĐŚĐŽƌĚƐĂƐƌĞƋƵŝƌĞĚďLJǁŽƌŬƐƚĂƚŝŽŶĐŽƵŶƚƐ͘
Ϯ͘ ĂƚĞŐŽƌLJϲƉĂƚĐŚĐŽƌĚƐĂƐƌĞƋƵŝƌĞĚďLJĂĐĐĞƐƐƉŽŝŶƚĐŽƵŶƚƐ͘
ϯͮW Ă Ő Ğ
^ĐŽƉĞŽĨtŽƌŬͲĂĐŬďŽŶĞ͗
ϭ͘ ϮϰͲƐƚƌĂŶĚŵƵůƚŝŵŽĚĞKDϰĨƌŽŵdZƌŽŽŵŽŶĨŝƌƐƚĨůŽŽƌƚŽƚŚĞ/&ŽŶƚŚĞƐĞĐŽŶĚĨůŽŽƌ͘
Ϯ͘ ϮϱͲƉĂŝƌĨĞĞĚĨƌŽŵdZƌŽŽŵŽŶƚŚĞĨŝƌƐƚĨůŽŽƌƚŽƚŚĞ/&ŽŶƚŚĞƐĞĐŽŶĚĨůŽŽƌ͘
^ĐŽƉĞŽĨtŽƌŬͲKƚŚĞƌ͗
ϭ͘ ĂďůĞƚƌĂLJŽƵƚƐŝĚĞŽĨƚŚĞ/&ƌŽŽŵƐƚŽďĞƉƌŽǀŝĚĞĚĂŶĚŝŶƐƚĂůůĞĚďLJŽƚŚĞƌƐ͘
Ϯ͘ ůůĨŝƌĞƐůĞĞǀŝŶŐƚŽďĞƉƌŽǀŝĚĞĚĂŶĚŝŶƐƚĂůůĞĚďLJŽƚŚĞƌƐ͘
ϯ͘ hW^ĂŶĚWhŚĂƌĚǁĂƌĞĂƌĞŶŽƚŝŶĐůƵĚĞĚŝŶƚŚŝƐƉƌŽƉŽƐĂů;ŶŽƌĂĐŬĞůĞǀĂƚŝŽŶƐƉƌŽǀŝĚĞĚĨŽƌƚŚŝƐƉƌŽƉŽƐĂůͿ͘
ϰ͘ /ŶƐƚĂůů;ϭϬͿŽǁŶĞƌƐƵƉƉůŝĞĚĐĐĞƐƐWŽŝŶƚƐ
ϰͮW Ă Ő Ğ
ŝůůŽĨDĂƚĞƌŝĂůƐ
ϱͮW Ă Ő Ğ
ZŽƵŐŚ/ŶͲ>ĞǀĞůϭ
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϮͿϭĂŵĞƌĂĐŽŶƐŝƐƚŝŶŐŽĨ;ϭͿtŚŝƚĞ͕Ăƚϲ͕ƉůĞŶƵŵͲ^ϯϰWĐĂďůĞ
Žŵŵ^ĐŽƉĞ
hEϴϳϰϬϭϵϵϭϰͬϭϬ
ϮϱϬ
ůĨ
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϳͿϮKƵƚůĞƚĐŽŶƐŝƐƚŝŶŐŽĨ;ϮͿtŚŝƚĞ͕Ăƚϲ͕ƉůĞŶƵŵͲ^ϯϰWĐĂďůĞ
Žŵŵ^ĐŽƉĞ
hEϴϳϰϬϭϵϵϭϰͬϭϬ
ϭ͕ϳϬϬ
ůĨ
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϭϲͿϯKƵƚůĞƚƐĐŽŶƐŝƐƚŝŶŐŽĨ;ϯͿtŚŝƚĞ͕Ăƚϲ͕ƉůĞŶƵŵͲ^ϯϰWĐĂďůĞ
Žŵŵ^ĐŽƉĞ
hEϴϳϰϬϭϵϵϭϰͬϭϬ
ϱ͕ϲϬϬ
ůĨ
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϭͿϮŝƐƉůĂLJůŽĐĂƚŝŽŶĐŽŶƐŝƐƚŝŶŐŽĨ;ϮͿtŚŝƚĞ͕Ăƚϲ͕ƉůĞŶƵŵͲ^ϯϰWĐĂďůĞ
Žŵŵ^ĐŽƉĞ
hEϴϳϰϬϭϵϵϭϰͬϭϬ
ϮϱϬ
ůĨ
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϮͿϭKƵƚůĞƚƐĐŽŶƐŝƐƚŝŶŐŽĨ;ϭͿtŚŝƚĞ͕Ăƚϲ͕ƉůĞŶƵŵͲ^ϯϰWĐĂďůĞ
Žŵŵ^ĐŽƉĞ
hEϴϳϰϬϭϵϵϭϰͬϭϬ
ϮϱϬ
ůĨ
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϮͿϮtW>ŽĐĂƚŝŽŶĐŽŶƐŝƐƚŝŶŐŽĨ;ϮͿtŚŝƚĞ͕Ăƚϲ͕ƉůĞŶƵŵͲ^ϰϰWĐĂďůĞ
Žŵŵ^ĐŽƉĞ
hEϴϳϰϬϮϲϴϭϰͬϭϬ
ϱϬϬ
ůĨ
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϲϬͿzĂƚ,W:Ͳ,ŽŽŬ͕W'͕ϮΗ
ĂĚĚLJ
dϯϮ,Wϰϯϰ
ϲϬ
ĞĂ
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϭϮͿϭͬϰΗƚŚƌĞĂĚĞĚZŽĚͲϭϬĨƚ^ĞĐƚŝŽŶ
dŽŵŵĂƌĐŽ
, ͲdZϭϰϮϬϭϬ
ϭϮ
ĞĂ
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϭͿĂƚƌŝĚŐĞͲŽdžŽĨϭϬϬ
dŽŵŵĂƌĐŽ
WKtͲϱϬϲϮϲ
ϭ
Ždž
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϭͿsĞůĐƌŽͲϮϬϬzƌŽůůϯͬϰΗǁŝĚĞͲůĂĐŬ
sĞůĐƌŽh^
ϭϳϲϳϴϬ
ϭ
ĞĂ
^ƚĂƚŝŽŶ,ĂƌĚǁĂƌĞͲ>ĞǀĞůϭ
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϲϴͿhŶŝƉƌŝƐĞͲĂƚϲ͕:ĂĐŬƐ͘ZĞĚ
Žŵŵ^ĐŽƉĞ
ϳϲϬϮϯϳϳϴϰ
ϲϴ
ĞĂ
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϰͿhŶŝƉƌŝƐĞͲĂƚϲ͕:ĂĐŬƐ͘ZĞĚ
Žŵŵ^ĐŽƉĞ
ϳϲϬϮϰϭϭϳϳ
ϰ
ĞĂ
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϮϱͿϰͲWŽƌƚ&ĂĐĞWůĂƚĞƐ͘tŚŝƚĞ
Žŵŵ^ĐŽƉĞ
ϭϬϴϭϲϴϱϰϯ
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&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϭϲͿϱͲĨŽŽƚ͕ĂƚϲWĂƚĐŚĂďůĞͲzĞůůŽǁ
ŽŵŵƐĐŽƉĞ
Kϭϵϵ<ϮͲϬϵ&ϬϬϱ
ϭϲ
ĞĂ
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϭϲͿϳͲĨŽŽƚ͕ĂƚϲWĂƚĐŚĂďůĞͲzĞůůŽǁ
ŽŵŵƐĐŽƉĞ
W^^yϮͲϬϵ&ϬϬϳ
ϭϲ
ĞĂ
ĂĐŬďŽŶĞ
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϭͿϮϰͲƐƚƌĂŶĚKDϰ͕ĂƌŵŽƌĞĚ͕DWͲdŝŐŚƚͲƵĨĨĞƌĞĚͲdŽ>ĞǀĞůϮ/&ĨƌŽŵdZ;D&Ϳ
ŽƌŶŝŶŐ
ϬϮϰdϴϴͲϯϯϭϵϬͲϯ
Ϯϲϱ
Ĩƚ
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϭͿϮϱƉƌWůĞŶƵŵĐĂďůĞͲ/&ƚŽdZ
ƐƐĞdž
ϭϴͲϰϵϵͲϯϲ
Ϯϲϱ
Ĩƚ
&ƵƌŶŝƐŚΘ/ŶƐƚĂůů;ϭͿϭϬϬƉƌϭϭϬůŽĐŬ;ϱ<ŝƚͿ
^ŝĞŵŽŶ
^ϭϭϬϮͲϭϬϬ&d
ϭ
Ĩƚ
dĞƌŵŝŶĂƚĞΘ>ĂďĞů;ϰϴͿƐƚƌĂŶĚƐĂĐŬďŽŶĞ&ŝďĞƌ͘;WĞƌ^ƚƌĂŶĚŝŶĐůƵĚĞƐďŽƚŚĞŶĚƐͿ
<ĂŶĞ
ͬ&ŝďĞƌͬdĞƌŵ
Ϯϰ
ĞĂ
dĞƐƚ;ϰϴͿƐƚƌĂŶĚƐͲĂĐŬďŽŶĞ&ŝďĞƌ͘;WĞƌ^ƚƌĂŶĚŝŶĐůƵĚĞƐďŽƚŚĞŶĚƐͿ
<ĂŶĞ
ͬ&ŝďĞƌͬdĞƐƚ
Ϯϰ
ĞĂ
dĞƌŵŝŶĂƚĞΘ>ĂďĞů;ϱϬͿĐĂďůĞƉĂŝƌƐĂĐŬďŽŶĞŽƉƉĞƌ͘;ϮϱWĂŝƌ/ŶĐůƵĚĞƐďŽƚŚĞŶĚƐͿ
<ĂŶĞ
ͬŽƉƉĞƌͬdĞƐƚ
ϱϬ
ĞĂ
&ŝďĞƌWĂƚĐŚŽƌĚƐ
&ƵƌŶŝƐŚ;ϴͿƵƉůĞdž͕KDϰ͕>>͕ϮD͕&KƉĂƚĐŚĐĂďůĞƐ͘
ŽƌŶŝŶŐ
ϬϱϬϱϬϮYϱϭϮϬϬϬϮD
ϴ
ĞĂ
DŝƐĐ
/ŶƐƚĂůůŽǁŶĞƌƉƌŽǀŝĚĞĚĂĐĐĞƐƐƉŽŝŶƚƐͲ>ĞǀĞůϭ
<ĂŶĞ
yy
Ϯ
ĞĂ
/ŶƐƚĂůůŽǁŶĞƌƉƌŽǀŝĚĞĚĂĐĐĞƐƐƉŽŝŶƚƐͲ>ĞǀĞůϮ
<ĂŶĞ
yy
ϴ
ĞĂ
ϳͮW Ă Ő Ğ
džĐůƵƐŝŽŶƐͬƐƐƵŵƉƟŽŶƐͬůĂƌŝĮĐĂƟŽŶƐ͗
ϭ͘ KŶůLJŝƚĞŵƐĂŶĚƋƵĂŶƟƟĞƐŝĚĞŶƟĮĞĚŝŶƚŚŝƐƉƌŽƉŽƐĂůĂƌĞŝŶĐůƵĚĞĚ͘
Ϯ͘ &ƵƌŶŝƐŚŝŶŐĂŶĚŝŶƐƚĂůůŝŶŐĞůĞĐƚƌŽŶŝĐƐ͕ƐŽŌǁĂƌĞ͕ΘĚĞǀŝĐĞƐĨŽƌƚŚĞĨŽůůŽǁŝŶŐƐLJƐƚĞŵƐ͗ĂƚĂEĞƚǁŽƌŬŝŶŐ͕ds͕ds͕
^͕ƵĚŝŽsŝƐƵĂů͕ĐĐĞƐƐŽŶƚƌŽů͕WĂŐŝŶŐĂŶĚ&ŝƌĞůĂƌŵĂƌĞŶŽƚƉĂƌƚŽĨƚŚŝƐƉƌŽƉŽƐĂů͘
ϯ͘ /ƚŝƐĂƐƐƵŵĞĚƚŚĂƚĂĚĞƋƵĂƚĞƉĂƌŬŝŶŐƐƉĂĐĞǁŝůůďĞƉƌŽǀŝĚĞĚŽŶƚŚĞƐŝƚĞ͘/ĨƉĂƌŬŝŶŐĨĞĞƐĂƌĞƌĞƋƵŝƌĞĚĂĚĚŝƟŽŶĂů
ĐŚĂƌŐĞƐǁŝůůĂƉƉůLJ
ϰ͘ &ƵƌŶŝƐŚĂŶĚŝŶƐƚĂůůĮƌĞͲƐƚŽƉŵĂƚĞƌŝĂůĂƚĐŽŵŵƵŶŝĐĂƟŽŶƐĐĂďůŝŶŐƉĞŶĞƚƌĂƟŽŶƐĂƐƵƐĞĚďLJ/ŶƐƚƌĂƚĂ͕>>ĨŽƌŝŶƐƚĂůůĞĚ
ĐĂďůŝŶŐƵŶĚĞƌƚŚŝƐƉƌŽƉŽƐĂů͘/ŶƐƚƌĂƚĂ>>ŝƐŶŽƚƌĞƐƉŽŶƐŝďůĞĨŽƌŽƚŚĞƌƐĨŽůůŽǁŝŶŐŝŶƉĞŶĞƚƌĂƟŽŶƐ͘
ϱ͘ ^ƵƉƉůLJĂŶĚŝŶƐƚĂůůĂƟŽŶŽĨĐŽŶĚƵŝƚ͕ďŽdžĞƐ͕ǁŝƌĞƌĂĐĞǁĂLJ͕ĐĂďůĞƌĂĐĞǁĂLJ͕ĐĂďůĞƚƌĂLJ͕ƐƚƵďͲƵƉƐĂŶĚĂƐƐŽĐŝĂƚĞĚƉĂƌƚƐ
ĂƌĞŶŽƚƉĂƌƚŽĨƚŚŝƐƉƌŽƉŽƐĂů͘
ϲ͘ ^ƵƉƉůLJĂŶĚ/ŶƐƚĂůůŽĨŽƌŝŶŐĂŶĚWĞŶĞƚƌĂƟŽŶͬ^ůĞĞǀĞƐĂƌĞŶŽƚƉĂƌƚŽĨƚŚŝƐƉƌŽƉŽƐĂů͘
ϳ͘ ĂŵĂŐĞƚŽǁŽƌŬŝŶƐƚĂůůĞĚďLJ/ŶƐƚƌĂƚĂ͕>>ĐĂƵƐĞĚďLJ͞KƚŚĞƌƐ͟ƐŚĂůůďĞƚŚĞƌĞƐƉŽŶƐŝďŝůŝƚLJŽĨ͞KƚŚĞƌƐ͘͟
ϴ͘ dŚĞǁŽƌŬĞŶǀŝƌŽŶŵĞŶƚŚĂƐďĞĞŶĂƐƐƵŵĞĚƚŽďĞĨƌĞĞŽĨŚĂnjĂƌĚŽƵƐŵĂƚĞƌŝĂůƐĂŶĚĨƌĞĞĨƌŽŵĂƐďĞƐƚŽƐ͘dŚĞĐƵƐƚŽŵĞƌ
ŝƐƌĞƐƉŽŶƐŝďůĞĨŽƌƐƵƉƉůLJŝŶŐ/ŶƐƚƌĂƚĂǁŝƚŚƚŚĞŝŶĨŽƌŵĂƟŽŶĐŽŶĐĞƌŶŝŶŐƚŚĞƐĂĨĞƚLJŝƐƐƵĞƐŽĨŚĂnjĂƌĚŽƵƐŵĂƚĞƌŝĂůĨŽƌ
ƚŚĞĚŝƐĐůŽƐƵƌĞƚŽĂůůĞŵƉůŽLJĞĞƐǁŽƌŬŝŶŐŽŶƚŚĞƉƌŽũĞĐƚ͘
ϵ͘ ŶLJĂĚĚŝƟŽŶĂůŵĂƚĞƌŝĂůƐŽƌůĂďŽƌƌĞƋƵĞƐƚĞĚďLJƚŚĞƵƐƚŽŵĞƌŶŽƚŝŶĐůƵĚĞĚŝŶƚŚĞƐĐŽƉĞŽĨƚŚŝƐƌĞƐƉŽŶƐĞǁŝůů
ĐŽŶƐƟƚƵƚĞĂĐŚĂŶŐĞŽƌĚĞƌ͘ůůĐŚĂŶŐĞŽƌĚĞƌƐŵƵƐƚďĞŝŶǁƌŝƟŶŐĂŶĚƐŝŐŶĞĚďLJƚŚĞƵƐƚŽŵĞƌƉƌŝŽƌƚŽƐƚĂƌƟŶŐ
ĂĚĚŝƟŽŶĂůǁŽƌŬ͘
ϭϬ͘ĚĞƋƵĂƚĞ ƐƚĂĸŶŐ ĂŶĚ ƉƌŽũĞĐƚ ŵĂŶĂŐĞŵĞŶƚ ĂƌĞ ŝŶĐůƵĚĞĚ ŝŶ ŽƵƌ ƌĞƐƉŽŶƐĞ͘ /Ĩ ƚŚĞ ƵƐƚŽŵĞƌ ƵŶĞdžƉĞĐƚĞĚůLJ
ĂĐĐĞůĞƌĂƚĞƐ ƚŚĞ ƐƚĂƚĞĚ ƟŵĞůŝŶĞ͕ Ă ĐŚĂŶŐĞ ŽƌĚĞƌ ŵĂLJ ďĞ ŐĞŶĞƌĂƚĞĚ ƚŽ ĐŽǀĞƌ ĂĚĚŝƟŽŶĂů ƐƚĂĸŶŐ Žƌ ŽǀĞƌƟŵĞ
ƌĞƋƵŝƌĞŵĞŶƚƐƚŽŵĞĞƚƚŚĞŶĞǁĚĞĂĚůŝŶĞƐ͘
ϭϭ͘ ůĞĐƚƌŝĐĂůWŽǁĞƌƌĞƋƵŝƌĞŵĞŶƚƐĨŽƌĐŽŵŵƵŶŝĐĂƟŽŶƐĞƋƵŝƉŵĞŶƚͬĐůŽƐĞƚƐĂƌĞŶŽƚƉĂƌƚŽĨƚŚŝƐƉƌŽƉŽƐĂů͘
ϭϮ͘'ƌŽƵŶĚŝŶŐ͕ĂƐƉĂƌƚŽĨďƵŝůĚŝŶŐƐLJƐƚĞŵ'ƌŽƵŶĚŝƐŶŽƚƉĂƌƚŽĨƚŚŝƐƉƌŽƉŽƐĂů͘/ŶƐƚƌĂƚĂ͕>>ƐŚĂůůƉƌŽǀŝĚĞďŽŶĚŝŶŐĨŽƌ
ƌĂĐŬƐ͕ĐĂďŝŶĞƚƐ͕ƌƵŶǁĂLJ͕K^WĐĂďůĞƐĂŶĚĂƌŵŽƌĞĚĮďĞƌĐĂďůĞƐ͕ŝŶƐƚĂůůĞĚďLJ/ŶƐƚƌĂƚĂ͕>>ƚŽĂůŽĐĂůŐƌŽƵŶĚďƵƐ
ďĂƌͬƐLJƐƚĞŵƉƌŽǀŝĚĞĚͬŝŶƐƚĂůůĞĚďLJ͞KƚŚĞƌƐ͟ǁŝƚŚŝŶĐŽŵŵƵŶŝĐĂƟŽŶƐĐůŽƐĞƚ͘
ϭϯ͘dŚŝƐƉƌŽƉŽƐĂůŝƐďĂƐĞĚŽŶƚŚĞŚŽƌŝnjŽŶƚĂůĐĂďůŝŶŐďĞŝŶŐŝŶƐƚĂůůĞĚƉƌŝŽƌƚŽĐĞŝůŝŶŐŐƌŝĚǁŽƌŬͬƐŽůŝĚĐĞŝůŝŶŐŝŶƐƚĂůůĂƟŽŶ͘
/ŶƐƚƌĂƚĂ>>ƌĞƐĞƌǀĞƐƚŚĞƌŝŐŚƚƚŽƌĞǀŝƐĞŝƚƐƉƌŽƉŽƐĂůƐŚŽƵůĚƚŚĞŐƌŝĚǁŽƌŬͬƐŽůŝĚĐĞŝůŝŶŐďĞŝŶƐƚĂůůĞĚƉƌŝŽƌƚŽŽƵƌ
ĐĂďůĞŝŶƐƚĂůůĂƟŽŶ͘
ϭϰ͘WĞƌŵŝƚ&ĞĞƐĂŶĚĂĐƋƵŝƐŝƟŽŶŽĨĂŶLJƉĞƌŵŝƚƐƌĞƋƵŝƌĞĚĨŽƌƚŚĞŝŶƐƚĂůůĂƟŽŶŽĨƚŚŝƐƉƌŽũĞĐƚƐŚĂůůďĞƚŚĞƌĞƐƉŽŶƐŝďŝůŝƚLJ
ŽĨŽƚŚĞƌƐ͘
ϭϱ͘>ŽĐĂƟŽŶƐĂŶĚĐĂďůĞƋƵĂŶƟƟĞƐďĂƐĞĚŽŶƉƌŝŶƚƐͬƐƉĞĐŝĮĐĂƟŽŶƐƉƌŽǀŝĚĞĚ͘
ϭϲ͘/ƚŝƐĂƐƐƵŵĞĚƚŚĂƚǁŝƚŚŝŶƚŚĞĞdžŝƐƟŶŐĐŽŵŵƵŶŝĐĂƟŽŶƐƌĂĐŬƐƚŚĞƌĞŝƐĂĚĞƋƵĂƚĞƐƉĂĐĞƚŽƐƵƉƉŽƌƚƚŚĞĂďŽǀĞͲ
ŵĞŶƟŽŶĞĚƉĂƚĐŚƉĂŶĞůƐĂŶĚŚŽƌŝnjŽŶƚĂůǁŝƌĞŵĂŶĂŐĞƌƐ͘
ϭϳ͘DĂƚĞƌŝĂůƉƌŝĐĞƐƐŚĂůůƌĞŵĂŝŶǀĂůŝĚĨŽƌĂƉĞƌŝŽĚŽĨϯϬĚĂLJƐ͘
ϭϴ͘ůůĐĞŝůŝŶŐƐƉĂĐĞŚĂƐďĞĞŶĂƐƐƵŵĞĚƚŽďĞĞĂƐŝůLJĂĐĐĞƐƐŝďůĞĂŶĚƚŚĞĐĂďůĞƉĂƚŚǁĂLJƐƌĞƋƵŝƌĞĚĨŽƌƚŚĞŝŶƐƚĂůůĂƟŽŶŽĨ
ƚŚĞĐŽŵŵƵŶŝĐĂƟŽŶƐĐĂďůĞĂƌĞĨƌĞĞĂŶĚĐůĞĂƌĨƌŽŵŽďƐƚƌƵĐƟŽŶƐ͘
ϭϵ͘^ŚŽƵůĚƚŚĞƵƐƚŽŵĞƌĐĂŶĐĞůƚŚĞŽƌĚĞƌĂŌĞƌĞdžĞĐƵƟŽŶŽĨĂŐƌĞĞŵĞŶƚŽƌŝƐƐƵĂŶĐĞŽĨĂƉƵƌĐŚĂƐĞŽƌĚĞƌ͕/ŶƐƚƌĂƚĂƐŚĂůů
ƌĞĐĞŝǀĞƉĂLJŵĞŶƚĨŽƌǁŽƌŬƉĞƌĨŽƌŵĞĚŽƌĐŽƐƚƐĐŽŵŵŝƩĞĚƚŽďLJ/ŶƐƚƌĂƚĂƉƌŝŽƌƚŽƌĞĐĞŝƉƚŽĨĂĐĂŶĐĞůůĂƟŽŶŶŽƟĐĞ͘
ϮϬ͘/ŶƐƚƌĂƚĂƐŚĂůůďĞĂƌƚŚĞƌŝƐŬŽĨůŽƐƐ͕ĚĂŵĂŐĞŽƌĚĞƐƚƌƵĐƟŽŶŽĨ/ŶƐƚƌĂƚĂ͛ƉƌŽǀŝĚĞĚĐŽŵƉŽŶĞŶƚƐ͕ĂŶĚĂůůĂĚĚŝƟŽŶƐ
ƚŚĞƌĞƚŽ͕ǁŚŝůĞŝƚŝƐŝŶͲƚƌĂŶƐŝƚƚŽƵƐƚŽŵĞƌ͛ƐƐŝƚĞ͘dŚĞƌŝƐŬŽĨůŽƐƐ͕ĚĂŵĂŐĞŽƌĚĞƐƚƌƵĐƟŽŶŽĨƚŚĞĐŽŵƉŽŶĞŶƚƐ͕ĂŶĚ
ĂůůĂĚĚŝƟŽŶƐƚŚĞƌĞƚŽ͕ƐŚĂůůďĞďŽƌŶĞďLJƚŚĞƵƐƚŽŵĞƌƵƉŽŶĚĞůŝǀĞƌLJŽĨƚŚĞĐŽŵƉŽŶĞŶƚƐƚŽƚŚĞƐŝƚĞ͕ƵŶůĞƐƐƐƵĐŚ
ůŽƐƐ͕ĚĂŵĂŐĞŽƌĚĞƐƚƌƵĐƟŽŶŝƐĐĂƵƐĞĚďLJƚŚĞŶĞŐůŝŐĞŶĐĞŽĨ/ŶƐƚƌĂƚĂ͕ŝƚƐĂŐĞŶƚƐ͕ŽƌƐƵďĐŽŶƚƌĂĐƚŽƌƐ͘
Ϯϭ͘/ŶƐƚƌĂƚĂ>>ŝƐŶŽƚƐƵďũĞĐƚƚŽďĂĐŬĐŚĂƌŐĞƐŽƌůŝƋƵŝĚĂƚĞĚĚĂŵĂŐĞƐŽĨĂŶLJŬŝŶĚ͘
ϮϮ͘WƌŝĐĞďĂƐĞĚŽŶ/ŶƐƚƌĂƚĂ͕>>͛ƐƐƚĂŶĚĂƌĚŝŶƐƵƌĂŶĐĞƉŽůŝĐLJ͘
Ϯϯ͘ůůǁŽƌŬŝŶĐůƵĚĞĚŝŶƚŚŝƐƉƌŽƉŽƐĂůŝƐďĂƐĞĚŽŶŶŽƌŵĂůǁŽƌŬĚĂLJŝŶƐƚĂůůĂƟŽŶŚŽƵƌƐ;ϳ͗ϬϬDƚŽϯ͗ϯϬWDDŽŶĚĂLJ
ƚŚƌŽƵŐŚ&ƌŝĚĂLJͿĞdžĐĞƉƚĂƐŶŽƚĞĚǁŝƚŚŝŶƚŚŝƐƉƌŽƉŽƐĂů͘
ϴͮW Ă Ő Ğ
Ϯϰ͘dŚĞĐƵƐƚŽŵĞƌƐŚĂůůďĞƌĞƐƉŽŶƐŝďůĞĨŽƌĂŶLJƌĞƋƵŝƌĞĚƉĞƌŵŝƚƐĂŶĚƚŚĞŝƌĂƐƐŽĐŝĂƚĞĚĞdžƉĞŶƐĞƉƌŝŽƌƚŽƐƚĂƌƚŽĨǁŽƌŬ͘EŽ
ǁŽƌŬƐŚĂůůďĞŐŝŶƵŶƟůƚŚĞƵƐƚŽŵĞƌΖƐĚĞƐŝŐŶĂƚĞĚƐŝŶŐůĞƉŽŝŶƚŽĨĐŽŶƚĂĐƚŚĂƐĂƉƉƌŽǀĞĚĂŶLJĞdžƉĞŶĚŝƚƵƌĞƌĞƋƵŝƌĞĚŝŶ
ĐŽŶŶĞĐƟŽŶǁŝƚŚŽďƚĂŝŶŝŶŐƉĞƌŵŝƚƐ͘
Ϯϱ͘KƵƌƉƌŝĐŝŶŐĞdžĐůƵĚĞƐĂůůĂĐƟǀĞĞƋƵŝƉŵĞŶƚƚŚĂƚŝƐŶŽƚƐƉĞĐŝĮĐĂůůLJŝĚĞŶƟĮĞĚŝŶƚŚŝƐƉƌŽƉŽƐĂů͘
ϵͮW Ă Ő Ğ
dĞƌŵƐĂŶĚŽŶĚŝƟŽŶƐ͗
ϭ͘ KƵƌƉƌŝĐŝŶŐĂƐƐƵŵĞƐƚŚŝƐƉƌŽũĞĐƚǁŝůůďĞƚƌĞĂƚĞĚĂƐĂ͞DŽĚŝĮĐĂƟŽŶ͟ĂŶĚƵƐƚŽŵĞƌǁŝůůƉƌŽǀŝĚĞ/ŶƐƚƌĂƚĂǁŝƚŚĂŶ
ĨŽƌŵϱϬϬϱƉƌŝŵĞĐŽŶƚƌĂĐƚŽƌ͛ƐƚĂdžĞdžĞŵƉƟŽŶĐĞƌƟĮĐĂƚĞĨŽƌƚŚŝƐƉƌŽũĞĐƚ͘
Ϯ͘ /ŶƐƚƌĂƚĂǁŝůůŶĞĞĚƚŽĂĚĚƚŚĞĐŽƐƚŽĨWK^ƚĂdžƚŽŽƵƌƉƌŽƉŽƐĞĚƉƌŝĐŝŶŐŝĨƚŚŝƐƉƌŽũĞĐƚŝƐĚĞĞŵĞĚƚŽďĞĂDZZ
;DĂŝŶƚĞŶĂŶĐĞ͕ZĞƉĂŝƌ͕ZĞƉůĂĐĞŵĞŶƚŽƌůƚĞƌĂƟŽŶͿ͘
ϯ͘ KƵƌůƵŵƉƐƵŵďŝĚĚŽĞƐŶŽƚŝŶĐůƵĚĞĐŽƐƚƐĨŽƌdĞdžƚƵƌĂŽƌĂŶLJƐŝŵŝůĂƌƉĂLJŵĞŶƚ^ĞƌǀŝĐĞ͘dŚŽƐĞĐŽƐƚƐŝĨƌĞƋƵŝƌĞĚǁŝůů
ďĞĂĚĚĞĚƚŽŽƵƌďŝĚĂŵŽƵŶƚŝĨƉĂLJŵĞŶƚƚŽƵƐǁŝůůďĞŵĂĚĞƵƐŝŶŐĂWĂLJŵĞŶƚ^ĞƌǀŝĐĞĂƐĚĞƐĐƌŝďĞĚĂďŽǀĞ͘
ϰ͘ /ŶƐƚƌĂƚĂǁŝůůŐĞŶĞƌĂƚĞŵŽŶƚŚůLJƉƌŽŐƌĞƐƐďŝůůŝŶŐďĂƐĞĚŽŶŽƵƌĞƐƟŵĂƚĞŽĨƚŚĞƉĞƌĐĞŶƚĂŐĞŽĨĐŽŵƉůĞƟŽŶ͘/ŶǀŽŝĐĞƐ
ǁŝůůďĞĚƵĞ͗ŶĞƚϯϬĚĂLJƐ͘
^ŚŽƵůĚLJŽƵŚĂǀĞĂŶLJĨƵƌƚŚĞƌƋƵĞƐƟŽŶƐĂďŽƵƚƚŚŝƐƉƌŽƉŽƐĂůŽƌŶĞĞĚĂŶLJĂĚĚŝƟŽŶĂůŝŶĨŽƌŵĂƟŽŶLJŽƵĐĂŶĐŽŶƚĂĐƚŵĞĂƚ;ϲϮϯͿ
ϲϰϬͲϯϯϵϯ
ZĞƐƉĞĐƞƵůůLJ͕
dŽŶLJ'ŝůĞƐ
/ŶƐƚƌĂƚĂ͕>>
ŵĂŝů͗ƚŽŶLJ͘ŐŝůĞƐΛŝŶƐƚƌĂƚĂ͘ĐŽŵ
WƌŽũĞĐƚƵĚŐĞƚĂƌLJ ƐƚŝŵĂƚĞ
^dd KEdZdηdZϬϲϮϰϲϬ
ϬϳͬϯϬͬϮϬϮϱ
ŽŵƉĂŶLJ͗
<ŝƚĐŚĞůů
WƌŽũĞĐƚ͗
D ĂƐƚŽƵƌƚKĨĨŝĐĞKƉƚŝŵŝnjĂƚŝŽŶ
YƵŽƚĞη
ϬϯͲϮϱϮϮϲ
dŚĂŶŬLJŽƵĨŽƌƚŚĞŽƉƉŽƌƚƵŶŝƚLJƚŽƉƌŽǀŝĚĞLJŽƵǁŝƚŚĂďƵĚŐĞƚĂƌLJĞƐƚŝŵĂƚĞƚŽŝŶƐƚĂůůĐŽŵŵƵŶŝĐĂƚŝŽŶƐ
ĐĂďůŝŶŐ͘dŚŝƐďƵĚŐĞƚŝƐďĂƐĞĚŽŶϱϬйĨĂĐŝůŝƚLJƉƌŝŶƚƐ͘ƐƐƵŵƉƚŝŽŶƐŚĂǀĞďĞĞŶŵĂĚĞƚŽƌĞĨůĞĐƚƋƵĂŶƚŝƚŝĞƐ
ĂŶĚŝŶƐƚĂůůƐƚĂŶĚĂƌĚƐďĂƐĞĚŽŶƚŚĞƉƌĞǀŝŽƵƐƉƌŽũĞĐƚŝŶƐƚĂůůĂƚŝŽŶŐƵŝĚĞůŝŶĞƐĂŶĚĚŝƌĞĐƚŝŽŶƐ͘
ϭ͘ ,ŽƌŝnjŽŶƚĂůŽŵŵƵŶŝĐĂƚŝŽŶĂďůŝŶŐ͗
ϭ͘ϭ͘ WƌŽǀŝĚĞĂŶĚŝŶƐƚĂůů;ϱϵϭͿĂƚĞŐŽƌLJͲϲ͕ϲϰͲƉĂŝƌ͕ƉůĞŶƵŵĐŽŵŵƵŶŝĐĂƚŝŽŶĐĂďůĞĨŽƌƚŚĞǀŽŝĐĞ͕
ĚĂƚĂĂŶĚǁŝƌĞůĞƐƐůŽĐĂƚŝŽŶƐ͘
ϭ͘Ϯ͘ ,ŽƌŝnjŽŶƚĂůĐĂďůŝŶŐƐƉĞĐŝĨŝĐĂƚŝŽŶƐĂƌĞĂƐĨŽůůŽǁƐ͗
ϭ͘Ϯ͘ϭ͘;ϮͿĂƚĞŐŽƌLJͲϲĐĂďůĞƐƚŽ;ϭϳͿǁŽƌŬƐƚĂƚŝŽŶƐ
ϭ͘Ϯ͘Ϯ͘;ϯͿĂƚĞŐŽƌLJͲϲĐĂďůĞƐƚŽ;ϭϳϰͿǁŽƌŬƐƚĂƚŝŽŶƐ
ϭ͘Ϯ͘ϯ͘;ϰͿĂƚĞŐŽƌLJͲϲĐĂďůĞƐƚŽ;ϮͿǁŽƌŬƐƚĂƚŝŽŶƐ
ϭ͘Ϯ͘ϰ͘;ϭͿĂƚĞŐŽƌLJͲϲĐĂďůĞƐƚŽ;ϭϮͿtWůŽĐĂƚŝŽŶƐ
ϭ͘Ϯ͘ϱ͘;ϭͿZ'ͲϲŽĂdž;ϭͿĂƚĞŐŽƌLJͲϲĐĂďůĞƚŽ;ϯͿdsůŽĐĂƚŝŽŶƐ
ϭ͘ϯ͘ ůůĂƚĞŐŽƌLJͲϲĐĂďůĞƐǁŝůůďĞƚĞƌŵŝŶĂƚĞĚŽŶĂƚĞŐŽƌLJͲϲũĂĐŬƐĂƚƚŚĞǁŽƌŬƐƚĂƚŝŽŶ͘ĂƚĞŐŽƌLJͲ
ϲĐĂďůĞƐǁŝůůƚĞƌŵŝŶĂƚĞŽŶϰϴͲƉŽƌƚ͕ĂƚĞŐŽƌLJͲϲƉĂƚĐŚƉĂŶĞůƐŝŶƚŚĞD&Žƌ/&͘
ϭ͘ϰ͘ WƌŽǀŝĚĞĂŶĚŝŶƐƚĂůů;ϭϰͿϰϴͲƉŽƌƚ͕ŵŽĚƵůĂƌ͕ƉĂƚĐŚƉĂŶĞůƐǁŝƚŚĂƚĞŐŽƌLJͲϲŝŶƐĞƌƚƐ͘
ϭ͘ϱ͘ WƌŽǀŝĚĞĂŶĚŝŶƐƚĂůů;ϭ͕ϭϯϰͿĂƚĞŐŽƌLJͲϲũĂĐŬƐĨŽƌǁŽƌŬƐƚĂƚŝŽŶƚĞƌŵŝŶĂƚŝŽŶƐ͘
ϭ͘ϲ͘ WƌŽǀŝĚĞĂŶĚŝŶƐƚĂůů;ϰϴͿĂƚĞŐŽƌLJͲϲũĂĐŬƐĨŽƌtWƚĞƌŵŝŶĂƚŝŽŶƐ͘
ϭ͘ϲ͘ϭ͘ŽŵŵƵŶŝĐĂƚŝŽŶƐũĂĐŬƐǁŝůůďĞŚŽƵƐĞĚŝŶƉŽƌƚͲĂƉƉƌŽƉƌŝĂƚĞĨĂĐĞƉůĂƚĞƐŽƌƐƵƌĨĂĐĞ
ŵŽƵŶƚďŽdžĞƐ͘
ϭ͘ϳ͘ ƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐǁŝůůƉƌŽǀŝĚĞƚŚĞĨŽůůŽǁŝŶŐƉĂƚĐŚĐĂďůĞƐ͗
ϭ͘ϳ͘ϭ͘;ϭ͕ϭϯϰͿĂƚĞŐŽƌLJͲϲ͕ƉĂƚĐŚĐĂďůĞƐ;>ĞŶŐƚŚƐdͿ
ϭ͘ϳ͘Ϯ͘;ϰϴͿĂƚĞŐŽƌLJͲϲ͕ƉĂƚĐŚĐĂďůĞƐ;>ĞŶŐƚŚƐdͿ
ϭ͘ϴ͘ >ĂďŽƌĨŽƌƉĂƚĐŚŝŶŐĂŶĚĐƌŽƐƐͲĐŽŶŶĞĐƚŝŶŐŽĨƚŚĞĐŽŵŵƵŶŝĐĂƚŝŽŶƐĐĂďůŝŶŐŝƐŶŽƚŝŶĐůƵĚĞĚŝŶ
ƚŚŝƐƉƌŽƉŽƐĂů͘
ϭ͘ϵ͘ WƌŽǀŝĚĞůĂďŽƌƚŽƚĞƐƚĐĂďůĞƐƚŽŵĂŶƵĨĂĐƚƵƌĞ͛ƐƐƚĂŶĚĂƌĚƐ͘
Ϯ͘ D&ͬ/&ZŽŽŵƵŝůĚKƵƚƐ͗
Ϯ͘ϭ͘ dŚĞD&ZŽŽŵǁŝůůƌĞĐĞŝǀĞƚŚĞĨŽůůŽǁŝŶŐ͗
Ϯ͘ϭ͘ϭ͘;ϯͿ^ƚĂŶĚĂƌĚ͕ϭϵ͟tdžϴϰ͟,ϮͲƉŽƐƚ͕ĞƋƵŝƉŵĞŶƚƌĂĐŬƐǁŝƚŚǀĞƌƚŝĐĂůĂŶĚŚŽƌŝnjŽŶƚĂůĐĂďůĞ
ŵĂŶĂŐĞŵĞŶƚ͘
Ϯ͘ϭ͘Ϯ͘ϭϮͲŝŶĐŚǁŝĚĞ͕ƐƚĂŶĚĂƌĚƚĞůĞĐŽŵŵƵŶŝĐĂƚŝŽŶƐďĂƐŬĞƚƚƌĂLJĂŶĚŵŽƵŶƚŝŶŐŚĂƌĚǁĂƌĞ͘
Ϯ͘ϭ͘ϯ͘WƌŽǀŝĚĞ ĂŶĚ ŝŶƐƚĂůů ηϲŐƌŽƵŶĚǁŝƌĞ ƚŽ ŐƌŽƵŶĚĂůů ĨƌĞĞƐƚĂŶĚŝŶŐ ƌĂĐŬƐ ĂŶĚ ŽǀĞƌŚĞĂĚ
ůĂĚĚĞƌƌĂĐŬƐ͘
Ϯ͘ϭ͘ϯ͘ϭ͘
ĂƌƚŚŐƌŽƵŶĚƚŽďĞƉƌŽǀŝĚĞĚďLJĞůĞĐƚƌŝĐĂůĐŽŶƚƌĂĐƚŽƌ͘
ƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐŽŵŵƵŶŝĐĂƚŝŽŶƐĂďůŝŶŐWƌŽƉŽƐĂůĨŽƌ<ŝƚĐŚĞůů
ƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐZKηϮϰϰϱϴϴWƌŽƉƌŝĞƚĂƌLJ/ŶĨŽƌŵĂƚŝŽŶ
WĂŐĞηϮ
Ϯ͘ϭ͘ϰ͘EKd ͗dŚĞŝŶƐƚĂůůĂƚŝŽŶŽĨĐŽŵŵƵŶŝĐĂƚŝŽŶƐŵŽƵŶƚŝŶŐďĂĐŬďŽĂƌĚƐŝƐŶŽƚŝŶĐůƵĚĞĚŝŶƚŚŝƐ
ƉƌŽƉŽƐĂů͘
ϯ͘ ĂĐŬďŽŶĞŽŵŵƵŶŝĐĂƚŝŽŶƐĂďůŝŶŐ͗
ϯ͘ϭ͘ EŽƚŝŶĐůƵĚĞĚŝŶƚŚŝƐƉƌŽƉŽƐĂů͘EŽŝŶĨŽƌŵĂƚŝŽŶƉƌŽǀŝĚĞĚ͘
'ĞŶĞƌĂůŽŶĚŝƚŝŽŶƐ͗
ϭͿ ƐƉĞŶ dĞĐŚŶŽůŽŐŝĞƐ ǁŝůů ůĂďĞů Ăůů ĐĂďůĞƐ ǁŝƚŚ ƉĞƌŵĂŶĞŶƚ ǁƌĂƉͲĂƌŽƵŶĚͲƚLJƉĞ ĐŽŵƉƵƚĞƌ
ŐĞŶĞƌĂƚĞĚůĂďĞůƐŝŶƚŚĞĐŽŵŵƵŶŝĐĂƚŝŽŶƐƌŽŽŵƐĂŶĚĂƚƚŚĞǁŽƌŬƐƚĂƚŝŽŶ͘^ƉĞĐŝĨŝĐƵƐƚŽŵĞƌ
ŶƵŵďĞƌŝŶŐƐĐŚĞŵĞƐǁŝůůďĞĚŝƐĐƵƐƐĞĚƉƌŝŽƌƚŽƚŚĞĐŽŵŵĞŶĐĞŵĞŶƚŽĨƉƌŽũĞĐƚ͘
ϮͿ ƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐǁŝůůŝŶƐƚĂůůƚŚĞŶĞĐĞƐƐĂƌLJĐĂďůĞƐƵƉƉŽƌƚĨŽƌĞĂĐŚĐĂďůĞƉĂƚŚǁĂLJĨŽůůŽǁŝŶŐ
ƚŚĞŝŶĚƵƐƚƌLJƐƚĂŶĚĂƌĚƉƌĂĐƚŝĐĞƐŽĨ/^/ĂŶĚƚŚĞE ŽĚĞ͘
ϯͿ ƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐǁŝůůƉƌŽǀŝĚĞĂŶĚŝŶƐƚĂůůЬ͟ƌŽĚŚĂŶŐĞƌƐĂŶĚв͟ǁŝĚĞ:ͲŚŽŽŬƐƚŽƐƵƉƉŽƌƚ
ƚŚĞ ĐŽŵŵƵŶŝĐĂƚŝŽŶ ĐĂďůĞƐ ƚŚƌŽƵŐŚŽƵƚ ƚŚĞ ĂĐĐĞƐƐŝďůĞ ĐĞŝůŝŶŐ ƐƉĂĐĞ͘ :ͲŚŽŽŬ ƐŝnjĞ ǁŝůů ďĞ
ĚĞƉĞŶĚĞŶƚŽŶƚŚĞƋƵĂŶƚŝƚLJŽĨĐĂďůĞƐŝŶĂĐĂďůĞƌƵŶ͘
ϰͿ dŚĞƉĂƚŚǁĂLJͬĐŽŶĚƵŝƚƉƌŽǀŝĚĞĚďLJŽƚŚĞƌƐǁŝůůďĞŝŶƐƚĂůůĞĚŝŶĂĐĐŽƌĚĂŶĐĞǁŝƚŚE ŐƵŝĚĞůŝŶĞƐ͕
ĂŶĚǁŝůůďĞĨƌĞĞŽĨĚĞĨĞĐƚƐĂŶĚͬŽƌŽƚŚĞƌŽďƐƚƌƵĐƚŝŽŶƐ͘
ϱͿ ƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐŝƐŶŽƚƌĞƐƉŽŶƐŝďůĞĨŽƌĂŶLJĐŽŶƐƚƌƵĐƚŝŽŶĚĞůĂLJƐĐĂƵƐĞĚďLJŵĂŶƵĨĂĐƚƵƌĞƌƐ
ŽƌĚŝƐƚƌŝďƵƚŽƌƐ͕ƉƌŽĚƵĐƚĂǀĂŝůĂďŝůŝƚLJĂŶĚĚĞůŝǀĞƌLJ͘
WƌŝĐŝŶŐĨŽƌ^ŽůƵƚŝŽŶ͗
ůŝĞŶƚ͗
<ŝƚĐŚĞůů
WƌŽũĞĐƚ͗ D ĂƐƚŽƵƌƚKĨĨŝĐĞKƉƚŝŵŝnjĂƚŝŽŶ
ĂƚĞ͗
ϬϳͬϯϬͬϮϬϮϱ
WƌŽƉŽƐĂůηϬϯͲϮϱϮϮϲ
ĂƐĞWƌŽũĞĐƚWƌŝĐŝŶŐ
ĞƐĐƌŝƉƚŝŽŶ
>ĂďŽƌ
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dŽƚĂůƐ
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ΨϴϬ͕ϵϱϬ͘ϬϬ
Ψϵϳ͕ϯϲϱ͘ϬϬ Ψϭϳϴ͕ϯϭϱ͘ϬϬ
WůĞĂƐĞƌĞĨĞƌĞŶĐĞƚŚĞƉƌŽƉŽƐĂůŶƵŵďĞƌŽŶĂůůƉƵƌĐŚĂƐĞŽƌĚĞƌƐĂŶĚĐŽƌƌĞƐƉŽŶĚĞŶĐĞ͘
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WƌŽƉŽƐĂůWĞƌŝŽĚ͗dŚŝƐƉƌŽƉŽƐĂůŝƐǀĂůŝĚĨŽƌϯϬĚĂLJƐ͘^ƵďũĞĐƚƚŽŝŶĐƌĞĂƐĞƐŝŶƚŚĞĐŽƉƉĞƌŵĂƌŬĞƚƐ͘
WƌŽũĞĐƚ^ĐŽƉĞ͗dŚĞƉƌŽũĞĐƚƐĐŽƉĞĐŽŶƚĂŝŶĞĚŚĞƌĞŝŶŝƐƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐƵŶĚĞƌƐƚĂŶĚŝŶŐĂŶĚŝŶƚĞƌƉƌĞƚĂƚŝŽŶŽĨƚŚĞƐƵďũĞĐƚ
ƉƌŽũĞĐƚ͘ůůƉƌŝĐŝŶŐŝƐďĂƐĞĚŽŶƚŚĞƉƌŽũĞĐƚƐĐŽƉĞ͘ŶLJĐŚĂŶŐĞƚŽƚŚĞƉƌŽũĞĐƚƐĐŽƉĞǁŝůůƌĞƐƵůƚŝŶĂĐŚĂŶŐĞŝŶƚŚĞƉƌŝĐŝŶŐ
ƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐŽŵŵƵŶŝĐĂƚŝŽŶƐĂďůŝŶŐWƌŽƉŽƐĂůĨŽƌ<ŝƚĐŚĞůů
ƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐZKηϮϰϰϱϴϴWƌŽƉƌŝĞƚĂƌLJ/ŶĨŽƌŵĂƚŝŽŶ
WĂŐĞηϯ
ĚĚŝƚŝŽŶĂůtŽƌŬ͗ŶLJĂůƚĞƌĂƚŝŽŶƐŽƌĚĞǀŝĂƚŝŽŶƐĨƌŽŵƚŚĞĂďŽǀĞƐƉĞĐŝĨŝĐĂƚŝŽŶŝŶǀŽůǀŝŶŐĞdžƚƌĂĐŽƐƚǁŝůůďĞĞdžĞĐƵƚĞĚŽŶůLJ
ƵƉŽŶǁƌŝƚƚĞŶŽƌĚĞƌƐĂŶĚǁŝůůďĞĐŽŵĞĂŶĞdžƚƌĂĐŚĂƌŐĞŽǀĞƌĂŶĚĂďŽǀĞƚŚĞƉƌŽƉŽƐĞĚƉƌŝĐĞ͘
tŽƌŬ,ŽƵƌƐ͗ůůǁŽƌŬƚŽďĞƉĞƌĨŽƌŵĞĚĚƵƌŝŶŐŶŽƌŵĂůďƵƐŝŶĞƐƐŚŽƵƌƐ͘dŚĞƌĞŝƐŶŽŽǀĞƌƚŝŵĞĂůůŽƚƚĞĚĨŽƌŝŶƚŚŝƐƉƌŽƉŽƐĂů
ĂƚƚŚŝƐƚŝŵĞ͘
:Žď^ŝƚĞZĞƋƵŝƌĞŵĞŶƚƐ͗ƵƐƚŽŵĞƌǁŝůůŐŝǀĞƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐŝŶƐƚĂůůĂƚŝŽŶĂŶĚŽƉĞƌĂƚŝŽŶƐƉĞƌƐŽŶŶĞůĨƵůůĂĐĐĞƐƐƚŽǁŽƌŬ
ĂƌĞĂƐǁŝƚŚŽƵƚƵŶĚƵĞĚĞůĂLJ͘ŶLJĚĞůĂLJǁŝůůƌĞƐƵůƚŝŶĞdžƚƌĂďŝůůŝŶŐĂƚƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐůĂďŽƌƌĂƚĞ͘ƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐǁŝůů
ƌĞŵŽǀĞĂůůũŽďͲƌĞůĂƚĞĚĚĞďƌŝƐĨƌŽŵƚŚĞũŽďƐŝƚĞ͘ůůĨŝdžƚƵƌĞƐĂŶĚĨƵƌŶŝƚƵƌĞŵŽǀĞĚďLJƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐƉĞƌƐŽŶŶĞůǁŝůůďĞ
ƌĞƚƵƌŶĞĚƚŽŝƚƐŽƌŝŐŝŶĂůƉŽƐŝƚŝŽŶƉƌŝŽƌƚŽũŽďĐŽŵƉůĞƚŝŽŶ͘
WƌŽũĞĐƚ ^ĐŚĞĚƵůĞ͗ ƐƉĞŶ dĞĐŚŶŽůŽŐŝĞƐ ǁŝůů ŵĂŬĞ Ăůů ƌĞĂƐŽŶĂďůĞ ĞĨĨŽƌƚƐ ƚŽ ŽďƐĞƌǀĞ ƚŚĞ ĚĂƚĞƐ ŝŶĚŝĐĂƚĞĚ ŚĞƌĞŝŶ ĨŽƌ
ŝŶƐƚĂůůĂƚŝŽŶ Žƌ ŽƚŚĞƌ ƉĞƌĨŽƌŵĂŶĐĞ͕ ŚŽǁĞǀĞƌ ƐƉĞŶ dĞĐŚŶŽůŽŐŝĞƐ ƐŚĂůů ŶŽƚ ďĞ ůŝĂďůĞ ĨŽƌ ĚĞůĂLJ ŝŶ ƉĞƌĨŽƌŵĂŶĐĞ ĚƵĞ ƚŽ
ƵŶĨŽƌĞƐĞĞŶĐŝƌĐƵŵƐƚĂŶĐĞƐŽƌĐĂƵƐĞƐďĞLJŽŶĚŝƚƐĐŽŶƚƌŽů͕ŝŶĐůƵĚŝŶŐǁŝƚŚŽƵƚůŝŵŝƚĂƚŝŽŶǁĞĂƚŚĞƌĐŽŶĚŝƚŝŽŶƐ͕ƐƚƌŝŬĞ͕ůŽĐŬŽƵƚ͕
ƌŝŽƚ͕ǁĂƌĨŝƌĞ͕ĂĐƚŽĨ'ŽĚ͕ĂĐĐŝĚĞŶƚ͕ĚĞůĂLJƐĐĂƵƐĞĚďLJĂŶLJƐƵƉƉůŝĞƌŽƌďLJƚŚĞƵƐƚŽŵĞƌ͕ŝŶĂďŝůŝƚLJƚŽŽďƚĂŝŶŽƌƐƵďƐƚĂŶƚŝĂůƌŝƐĞ
ŝŶƚŚĞĐŽƐƚŽĨůĂďŽƌŽƌŵĂƚĞƌŝĂůƐŽƌĐŽŵƉůŝĂŶĐĞǁŝƚŚĂŶLJůĂǁ͕ƌĞŐƵůĂƚŝŽŶŽƌŽƌĚĞƌ͘WĞƌĨŽƌŵĂŶĐĞƐŚĂůůďĞĚĞĞŵĞĚƐƵƐƉĞŶĚĞĚ
ĚƵƌŝŶŐĂŶĚĞdžƚĞŶĚĞĚĨŽƌƐƵĐŚƚŝŵĞĂƐĂŶLJƐƵĐŚĐŝƌĐƵŵƐƚĂŶĐĞƐŽƌĐĂƵƐĞƐĚĞůĂLJŝƚƐĞdžĞĐƵƚŝŽŶ͘
tĂƌƌĂŶƚŝĞƐ͖ĂŵĂŐĞ͖>ŝĂďŝůŝƚLJ͗ůůŵĂƚĞƌŝĂůŝƐŐƵĂƌĂŶƚĞĞĚƚŽďĞĂƐƐƉĞĐŝĨŝĞĚ͘ůůǁŽƌŬƚŽďĞĐŽŵƉůĞƚĞĚŝŶĂƉƌŽĨĞƐƐŝŽŶĂů
ŵĂŶŶĞƌ ĂĐĐŽƌĚŝŶŐ ƚŽ ƐƚĂŶĚĂƌĚ ŝŶƐƚĂůůĂƚŝŽŶ ƉƌĂĐƚŝĐĞƐ͘ ůů ŵĂƚĞƌŝĂů ĂŶĚ ůĂďŽƌ ƐƵƉƉůŝĞĚ ďLJ ƐƉĞŶ dĞĐŚŶŽůŽŐŝĞƐ ǁŝůů ďĞ
ŐƵĂƌĂŶƚĞĞĚĨŽƌϭLJĞĂƌ͘
ƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐŽďůŝŐĂƚŝŽŶƐĂŶĚƵƐƚŽŵĞƌΖƐƌĞŵĞĚŝĞƐƵŶĚĞƌƚŚŝƐǁĂƌƌĂŶƚLJĂƌĞůŝŵŝƚĞĚƚŽƚŚĞƌĞƉĂŝƌŽƌƌĞƉůĂĐĞŵĞŶƚĂƚ
ƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐŽƉƚŝŽŶ͕ŽĨĂŶLJŵĂƚĞƌŝĂůƐŽƌůĂďŽƌĨƵƌŶŝƐŚĞĚŚĞƌĞƵŶĚĞƌǁŚŝĐŚƐŚĂůůďĞĨŽƵŶĚĚĞĨĞĐƚŝǀĞĚƵƌŝŶŐƐƵĐŚĂϭͲ
LJĞĂƌƉĞƌŝŽĚ͘ƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐŵĂLJƌĞũĞĐƚĂŶLJǁĂƌƌĂŶƚLJĐůĂŝŵŶŽƚƉƌŽŵƉƚůLJƌĞƉŽƌƚĞĚĂŶĚŽŶĂŶLJŝƚĞŵƚŚĂƚŚĂƐďĞĞŶ
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ŶŽƌŵĂůǁĞĂƌĂŶĚƚĞĂƌŝƐĞdžĐůƵĚĞĚĨƌŽŵƚŚŝƐǁĂƌƌĂŶƚLJ͘ŶLJƌĞƉĂŝƌƐƌĞƋƵĞƐƚĞĚďLJƵƐƚŽŵĞƌǁŚŝĐŚĂƌĞĞdžĐůƵĚĞĚĨƌŽŵƚĞƌŵƐ
ŽĨƚŚŝƐǁĂƌƌĂŶƚLJŵĂLJďĞƉĞƌĨŽƌŵĞĚďLJƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐŽŶĂƚŝŵĞĂŶĚŵĂƚĞƌŝĂůƐďĂƐŝƐĂƚƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐƚŚĞŶ
ƉƌĞǀĂŝůŝŶŐƌĂƚĞƐ͘
dŚĞƌĞĂƌĞŶŽǁĂƌƌĂŶƚŝĞƐ͕ǁŚŝĐŚĞdžƚĞŶĚďĞLJŽŶĚƚŚĞĚĞƐĐƌŝƉƚŝŽŶŽĨƚŚĞĨĂĐĞŚĞƌĞŽĨ͘/ŶŶŽĞǀĞŶƚƐŚĂůůƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐ
ďĞůŝĂďůĞƚŽĐƵƐƚŽŵĞƌĨŽƌŝŶĐŝĚĞŶƚĂů͕ĐŽŶƐĞƋƵĞŶƚŝĂů͕ƐƉĞĐŝĂů͕ŽƌƉƵŶŝƚŝǀĞĚĂŵĂŐĞƐ͘/ŶŶŽĞǀĞŶƚƐŚĂůůƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐďĞ
ůŝĂďůĞĨŽƌĚĂŵĂŐĞƐŚĞƌĞƵŶĚĞƌ͕ŝĨĂŶLJ͕ĞdžĐĞĞĚƚŚĞĂŵŽƵŶƚƐƉĂŝĚďLJĐƵƐƚŽŵĞƌƚŽƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐĨŽƌƚŚĞƉƌŽĚƵĐƚƐĂŶĚ
ƐĞƌǀŝĐĞƐƵŶĚĞƌƚŚŝƐĐŽŶƚƌĂĐƚ͘
ƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐŚĂƐƚŚĞƌŝŐŚƚƚŽĨŝůĞĂŐƌŝĞǀĂŶĐĞͬǀŝŽůĂƚŝŽŶǁŝƚŚƚŚĞZĞŐŝƐƚĞƌŽƌŽŶƚƌĂĐƚŽƌƐƐŚŽƵůĚĂŶLJŝƚĞŵĂƌŝƐĞ
ĚƵƌŝŶŐĐŽŶƚƌĂĐƚ͘
ŽŶĨŝĚĞŶƚŝĂůŝƚLJ͗ ůů ŝŶĨŽƌŵĂƚŝŽŶ ŝŶĐůƵĚŝŶŐ ďƵƚ ŶŽƚ ůŝŵŝƚĞĚ ƚŽ ĚĞƐĐƌŝƉƚŝŽŶƐ ŽĨ ǁŽƌŬ ƚŽ ďĞ ƉĞƌĨŽƌŵĞĚ ĂŶĚ ƉĂƌƚƐ ůŝƐƚƐ͕
ĐŽŶƚĂŝŶĞĚŝŶƚŚŝƐƉƌŽƉŽƐĂůŽƌŽƚŚĞƌǁŝƐĞƉƌŽǀŝĚĞĚƚŽƚŚĞĐƵƐƚŽŵĞƌŝŶĐŽŶŶĞĐƚŝŽŶǁŝƚŚƚŚĞŶĞŐŽƚŝĂƚŝŽŶŽĨƉĞƌĨŽƌŵĂŶĐĞŽĨ
ƚŚŝƐĐŽŶƚƌĂĐƚŝƐŽĨĂƉƌŽƉƌŝĞƚĂƌLJŶĂƚƵƌĞ͕ĐƵƐƚŽŵĞƌƐŚĂůůƌĞĐĞŝǀĞƐƵĐŚŝŶĨŽƌŵĂƚŝŽŶŝŶĐŽŶĨŝĚĞŶĐĞĂŶĚƐŚĂůůŶŽƚǁŝƚŚŽƵƚƐƉĞŶ
dĞĐŚŶŽůŽŐŝĞƐƉƌŝŽƌǁƌŝƚƚĞŶĐŽŶƐĞŶƚĚŝƐĐůŽƐĞƐƵĐŚŝŶĨŽƌŵĂƚŝŽŶƚŽƚŚŝƌĚƉĂƌƚŝĞƐŽƌƵƐĞƐƵĐŚŝŶĨŽƌŵĂƚŝŽŶĨŽƌĂŶLJƉƵƌƉŽƐĞ
ŽƚŚĞƌƚŚĂŶƚŽĞǀĂůƵĂƚĞƚŚĞƉƌŽƉŽƐĂůĐŽŶƚĂŝŶĞĚŚĞƌĞŝŶ͘
ƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐŽŵŵƵŶŝĐĂƚŝŽŶƐĂďůŝŶŐWƌŽƉŽƐĂůĨŽƌ<ŝƚĐŚĞůů
ƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐZKηϮϰϰϱϴϴWƌŽƉƌŝĞƚĂƌLJ/ŶĨŽƌŵĂƚŝŽŶ
WĂŐĞηϰ
ůůŝƚĞŵƐƐĞƚĨŽƌƚŚŝŶƚŚŝƐƉƌŽƉŽƐĂůĂƌĞĂĐĐĞƉƚĂďůĞĂŶĚĂŐƌĞĞĚƵƉŽŶ͘
LJ͗ Avery Aragaki
LJ͗
dŝƚůĞ͗ĐĐŽƵŶƚDĂŶĂŐĞƌ
dŝƚůĞ͗
ĂƚĞ͗:ƵůLJϯϬƚŚ͕ϮϬϮϱ
ĂƚĞ͗
:Žďη͗ϬϯͲϮϱϮϮϲ
WKη͗
WƌŽũĞĐƚWƌŝĐĞ
Ψϭϳϴ͕ϯϭϱ͘ϬϬ
ƐƉĞŶdĞĐŚŶŽůŽŐŝĞƐZKηϮϰϰϱϴϴ
ϱϳϬtĞƐƚ^ŽƵƚŚĞƌŶǀĞ͕͘dĞŵƉĞ͕ϴϱϮϴϮ
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